Full text of Commercial and Financial Chronicle : June 30, 1917 : Railway and Industrial Section, Vol. 104, No. 2714

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

RAILWAY AND INDUSTRIAL
S E C T I O N
OF THE

C

o m m e r c ia l

&

f

in a w c ia l

C

h r o n ic l e

.

Copyrighted In 1917 according to Act of Congress, by WILLIAM B. DANA COMPANY, in office of Librarian of Congress. Washington. D. O.

Vol. 104.
R

a il w a y

NEW YORK, JUNE 30, 1917.
a n d

I

n d u s t r ia l

S

e c t io n

.

No. 2714.

IN D E X TO MORTGAGES.

Abstracts of mortgages published in the “ Chronicle’
The Railway and Industrial Section, Issued three times a year on the last
Saturday of February, June and October, is furnished without extra charge to
Vol.
4s
every annual subscriber of the Commercial and Financial Chronicle.
due Oct. 1 1925 and gen. M. g. 4s due Oct. 1 199562
The Railway Earnings Section, Issued monthly, containing the sworn
-. 62
returns of earnings and expenses filed each month with the Inter-State
Commerce Commission, Is also furnished without extra charge to every
. . 52
annual Chronicle subscriber.
- . 61
The Electric Railway Section. Issued three times a year. In January, May
. . 45
and September, is likewise furnished without extra charge to every Chronicle
. . 45
subscriber.
Central Pacific 1st Ref. gold 4s due Aug. 1 1949 .
69
The State and City Section, Issued semi-annually on the last Saturday
30-year gold 3Hs due Aug. 1 1929_________
of May and November, Is also furnished without extra charge to every
.
.
45
•ubscrlber of the Chronicle.
The Bank and Quotation Section, Issued monthly. Is likewise furnished
without extra charge to every subscriber of the Chronicle.
The Bankers’ Convention Section, Issued yearly, giving the detailed pro- . 54
oeedlngs of the annual convention of the American Bankers’ Association
. . 45
la also furnished without extra charge to Chronicle subscriber*
Illinois
Division
3>$s,
duo
July
1
1949.
.. 69
Terms for the Chronicle, Including tho six Supplements above named
are Ten Dollars per annum within the United States, Thirteen Dollars
-- 51
(whloh Includes postage) In Europe, and $11.50 in Canada.
.. 45
File covers for the Chronicle are sold at 60 cents each (which Includes
.. 45
postage). File covera for Supplements can be had at same prico.
.. 45
LONDON OFFICE.—Edwards & Smith, 1 Drapers’ Gardens, E.O.
lst M.
..
45
WILLIAM B. DANA COMPANY. Publishers,
1st M.
.. 45
Front. Pine and Dopoyster Streets, New York.
- 45
. 45

RAILROAD A N D OTHER MAPS IN THIS ISSUE.
Atchison Topeka & Santa Fo Railway______________
Page.
Atlantic Coast Lino Railroad___________________
'
Baltimore & Ohio Railroad__ ____ _____________
j.
Bangor & Aroostook RR_____________________ '
*
...
jg
Buffalo Rochester & Pittsburgh Railway________ ~
Buffalo & Susquehanna Railroad Corporation._” ”
jg
Canadian Northern Railway_______________ ~
Canadian Pacific Railway________________
oT
Carolina Ciinchfield & Ohio Railway_________
’ „i
Central Argentine Ry__________________
’
„„
Central Pacific Railway— See Southern Pacific ’cominnv...........
,,,r.
Chesapeake & Ohio Railway Linos...
company.......... ......... 125
Chicago Burlington & Quincy Railroad
Z,
Chicago Milwaukee & St. Paul Railway..
gA
Chicago & North Wostern Railway____
22
Chicago St. Paul Minn. & Omaha—See CWcagT&'Nhrtii'w«!ti^n..........u
Chicago Terre Haute & Southeastern Railway
western..........35
Chicago & Western Indiana Railroad____
2',’
Cleveland Cincinnati Chicago & St. Ixmis—See"N "y " CentralT.fn^‘ ' on. 07
Columbia Gas & Electric Company.............
x ’ ^oncraJ Dines..96-97
Delawaro Lackawanna & Western Railroad
‘
22
Denver & Rio Grande Railroad_______
Erie Railroad_____________ _________ _____________ - ...................
Galveston Harrisburg & San Antonio Ry.—See's'outhern'Pacific--------1 or
Grand Rapids & Indiana Ry.—See Ponnsylvania RR
' Im n
Grand Trunk Pacific—See Grand Trunk System
................
Grand Trunk System.......................
y
.............................56-57
Great Northorn Railway_______
enri
Hocking Valley Railway Lines—See ChosaDoake^*'ohtn................... 0 00
Houston
&
Texas
Central
Railroad—See
Southern
Pacific................
~~\o%
Hudson & Manhattan Railroad...
ooutnern i aoric.................... 1 2 5
61
Illinois Central Railroad_________
Interborough Rapid Transit Company
co
Inter Stato Electric Corporation__
,22
Kansas City Southern Railway......... " I --------------- ----------- ™
Lehigh Valley Railroad---------------------Louisville & Nashville Railroad___________
Mali Central RR___________________ I ”
AA
Michigan Central Railroad—See New York Central
n« A?
Minneapolis & St. Louis Railroad-------------J go
MissmiS Pacific Rahway. 1
—flllf***
Tacific” I.20-21
,7 0
Novada-Calirornla Electric Corporation___
Now England Power Co. Systom.................. ................ *.................... {Ar
New Orleans Texas & Mexico Ity........................
qA
Now York Central Linos......... ......... ............................................ 7* 07
w £ & Rahwa^^-^—
Oregon ShortLko1ItaiTroad—^See'Union'Pacific'....................................... }
& St. Louis Ry.— See Pennsylvania
H)<Ll!)5
R(^d^ng SyIstem_ a:y n 0 * C U c a g 0 UaUway—^ Peonsyiv'anulllliotiol
Rio Grande Southern Railroad—See Denver* RioGrando
St. Louis-San Francisco Rv
----------------Seaboard Air Lino Railway
----------Shawlnigan Water & Power Co
too
Southern Pacific Company..
Southern Railway.
__________
'iVe'io?
Union Pacific Railroad......................................... - ...................... 1
10 1
Vhghdan
^"*425
Virginian Railway---------------------------------------Wabash Railway_____________
{22
Western Maryland Ry__________




Page.

731
739
978
873
242
402
808
868

55
147
144
144
644
441
283
911
146
213
145
144
2 12

114
145
145
830

6

Chic. R. I. & Pac. gen. M. gold 4s, due Jan. 1 1988__________ . 66
Clev. Cine. Chic. & St. —. Collat. trust St. L. Div. 4s, due 1990L 52
. 47
Duluth South Shore & Atl. 1st M. 5s, duo Jan. 1 1937___
- 45
Erie RR. 1st Consol, mtge. securing prior lion and general mtge
bonds, due Jan. 1 1996__________________________
Ga. So. & Fla. (So. Ry. System) 1st M. 5s, g., due July 1 1945_ - 61
Illinois Central-Lou. Div. & Term. 1st M. gold 3 ___
St. Louis Div. & Term. 1st M. gold bonds (3 to 4%).

.
.
L. Sh. & M. So. 3H % gold bond M. of 1897, duo Juno 1 1997___ .
.
.
.
Minn. & St. L. 1st cons, gold 5s of 1894, due Nov. 1 1934.
.
.
.
.
.
.
N. Y. Susq. & West. 1st Mtge. 5s, duo Aug. 1 1940.

66

46
54
64
51
51
51
59
47
45
52
51
51
47
47
45
52

Oregon RR. & Nav. consol, mort. 4s, due 1946
«3
Peoria & Eastern—O. Ind. & Wost. 1st M. 5s, due Ap"r".Ti938
47
Consol. 1st mtge. 4s, due April 1 1940_______
51
Income mtge. bonds, due April 1 1990______
51
Pittsburgh & Western 1st M. 4s, due July 1 1917
45
Reading Company and Phila. & Reading Coal & Iron Co.’ gon’
mortgage gold 4s, duo Jan. 1 1997________
54
Reading Company Voting Trust Agreement______
54
Jersey Central collat. trust 4s, due Fob. 1 1951..
72
Rio Grande Southern 1st mtge., duo July 1 1940
54
Rio Grande West. 1st M. 4s, due July 1 1939........... I l l ”
49
St. P. M. & M. 1st M. Mon. ext. 4s, due June 1 1937
45
Pacific Extension 1st mtge. 4s, due July 1 1940
San Fran. * North Pacific 1st M. 5s, due Jan. 1 1919
49
Southern Pac. coll, trust gold 4s, due Aug. 1 1949
"
07
Southern Pac. of Cal. 1st consol. M. of 1893, due 1937
57
Southern Railway 1st cons. M. 5s, duo July 1 1994___ ”
<59
Texas * Pacific 1st M. 5s, due June 1 2000___ :
47
2d M. 5s, due Dec. 1 2000_______________
47
Toledo Peoria & Western 1st M. 4 s, duo July 1 1917” ” ” ”
45
Union Pacific RR. 1st M. RR. & land grant 4s. duo July"I 1927'" 66
Virginia Midland general M. 5s. due May 1 1936....
' 47
Wabash 1st M . 5s. due M a y 1 1939_______
40
2d M. 5s, due Feb. 1 1939................
........................... 40
Debenture M. 6 s, due July 1 1939____ ____
49
Detroit & Chicago Exten. 1st M. 5s, due July 1 1941
54
Western New York & Penn. 1st M. 5s, duo Jan. 1 1937 "
47
West Shore 1st M. 4s ef 1889, due 2361___________
42

117
522
42
228
229
274
86

44
239
429
242
582
136
138
45
444
1182
114
613
24
1145
142
243
358
495
495
287
83
541
84

r a i l r o a d

a ? v i r ^ s s t ."s m s =

S

H

S

t S

s a « y r m
ds ^ T

S

z s

s

c o m p a n ie s

.

sas:

i S

° r Y

i H

S

S

s sw ss;£

^

~

x x M4 N

~

ascertained0 is indicated as follows: z “ payable without deduction for any tax;” :^ C e Z T g b e ^ ^
being (in 1917) paying the present income tax in full under a provi
.
t ”j ieast) so much of tho normal income tax as company
thereunder must be settled by the court. « ' “ Company was paying in 917 { ° ^ ° ^ “ t. at
m^uc^o^ t
ffom &1, taxes oxcopt
iU S S S S d « £ ? S S . ’ S!ESf’T ' N o ^ X o ^ ' t S elSptlon to m * » . ” » "P W b l. with <lo.luc.on or Fedornl memo W ." * “ » ™ from
Pennsylvania State tax." v “ Free from U. S. taxes.”
^ . ..
and Stock Transfer Agents (TR Treasurer s Office) aro indicated thus:
ST. LOUIS—
„
DETROIT—
„
CHICAGO—
„
„ T1,
BALTIMORE—
„
MeSt —Mercantile Trust Co
NEW YORK CITY
—Detroit Trust Co
BBa —Baltimore Trust Co CeC—Central Trust Co of III DD
MSt
—Mississippi
Valley
Tr
Ba —Bankers Trust Co
UD
—Union
Trust
Co
ChC—Chicago Sav Bk & Tr
CoBa—Continental Tr Co
SSt —St Louis Union Trust
Ce —Central Trust Co
EBa —Equitable Trust Co CC —Continental & Com­
Col —Columbia Trust Co
PHILADELPHIA—
mercial
Tr
&
Sav
Bank
LOUISVILLE—
FBa —Fidelity Trust Co
CP —Commercial Trust Co
F.m —Empire Trust Co
MBa — Maryland Trust Co FC —First Trust & Sav Bk FL —Fidelity & Columb Tr FP —Fidelity Trust Co
Eq —Equitable Trust Co
—Harris Tr & Sav Bank LL —Louisville Trust Co
OP —Girard Trust Co
p
—Farmers’ Loan & rr MeBa—Mercantile Tr & Dep HC
IC
—Illinois
Trust
&
SavBk
SBa —Safe Dep & Trust Co
QuP—Guaranty Tr & S Dep
Fr —Franklin Trust Co
MC —Merchants' Loan & Tr
BOSTON—
„
PITTSBURGH—
PhP—Philadelphia Trust Co
q
—Guaranty Trust Co
NC
—Northern
Trust
Co
AB
—American
Trust
Co
PIP —Provident Lifo& Trust
Me —Mercantile Trust Co
Cl
P
i—Colonial
Trust
Co
UC
—Union
Trust
Co
Co for Insur on
Mo —Metropolitan TrustCo BB —Boston Safe Dep & Tr
CwPi—
Commonwealth
Tr
Co
CLEVELAND— o m „ FPi —Fidelity Titlo & Trust PcP—Penn
FB —Federal Trust Co
I,Ives & Gr Annuities
N —New York Trust Co
CCI
—Citizons’
Sav
&
Tr
Co
IB
—International
Tr
Co
\VP —West End Tr&S D Co
X —Title Guar & Trust Co
ppi
—Pittsburgh
Trust
Co
Cl
Cl—Cleveland
Trust
Co
NB —Now England Tr Co
FRANCISCO—
Un —Union Trust Co
PCI —First Trust & Sav Bk SPi —Safe Deposit & Tr Co USSAN
—Union Trust Co
Us —United States Trust OB —Old Colony Trust Co QC1
—Guardian S Bk & Tr UPi —Union Trust Co
Usm—U S Mtge & Trust Co SB —State Street Trust Co

M ortg a ge Tru stees

S u b scrib e rs will co n fe r a fa v o r b y g iv in g Im m ed iate n o tice o f a n y error d is c o v e re d In these ta b le s.
R A IL R O A D C O M P A N IE S .
F o r abbreviations. & c ., see notes on first page)

Adirondack Rv—See Delaware & Hudson Co.
Akron & B arb B elt —1st M g s fd calls 105- U sm x .o * & r
Akron Can & Young—1st M $1,500,000 g red 105beg 15
A laba m a G reat Southern—Ord nary stock---- - - - - - Preferred stock 6% and participating $4,000,000-­
First M gold ext in 1908 (V 85. p 1645. 1460)--Fz.o
General mortgage £1.160.000--------------First Consol M $25,000,000 gold--- - - - - - G.zc*r*
Equip trust Ser D, due $50,000 s-a (V 88, p 1559)x
do do Serios E due $55,000 s-a g ---------A laba m a M id la n d — See Atlantici Coast; Line RR
A la b a m a Tennessee & N o r — At& N RR lstM.Colx
Tomblgbee Valley first M------------------------ Co lx
General mtge------------------------- - - - - - - — 1Nx
Mobile Terminal & Ry 1st mtge gold red 105-----x
Ala Tenn & Nor R y 1st & Ref M (V. 96. p. 1228)-X
Secured 3-year gold notos red 101-........-lT--^c*
Equipment notes duo $10,000 semi-annually.GP
A laba m a & Vicksburg—Stock (see text).... — - —
Vicksburg & Meridian 1st M g $1,000,000--JF.xc
Alabama &Vloksburg Cons IstM $1,800,000.Ce z.o
2d M orlg $700,000 g (1st M on land) - -Cex.c
A l b a n y & N o r t h e r n —See Georgia Southw & Gulf
A lban y & Susq—Stock dividends guar by D A H (end)
1st M $10,000,000 g gu o & 1 conv(text) Usmx.o'&r
Albany & V e r m o n t — Stock 3% guaranteed by rontal

M ile s
R oad

Date
B on d s

1902
7 1910

Amownl

Par
V alue

Outstanding

$ 1,0 0 0
10 0
60
60

1 ,0 0 0
1878
£ 10 0
290 1888
1913 $, £ & fr
1.0 0 0
1909
1 ,0 0 0
1916
1 .0 0 0
1906
1 .0 0 0
1906
1 ,0 0 0
: : : 1910
1 .0 0 0
1910
1913
1913-5
1912
16 6
143
1.0 0 0
143 i881
1 0 0 &c
143 1889
10 0 &c
143 1889

i42 1906
12

1 ,0 0 0

10 0

&C

10 0

Rate

%

W h en
P a yab le

La st Dividend
and M a tu r ity

P laces W h ere In terest and
D ividen d s are Payable

U S Mtge & Tr Co. N Y
D June 11942
Cleveland Trust Co
J
r, 3 ) 4 Checks mailed
D
do
A Aug 28 T7\ 3 ) 4 Farmdo
L & Tr. N Y: A B
J Deo 1 1927
Morgan ,Grenf&Co ,Lon
D Deo 1 1927
Guaranty Trust Co, N Y
D Dec 1 1943
TJuly 17-July ’ 19 Empire Trust Co. N Y
D Dec T7-Jno ’26 Guaranty Trust Co, N Y
Oct 1915 not paid
A & O Oct 1 1956
5 g
$896,000
Oct 1915 not paid
5 g A & O Apr 11956
450.000
Jan 1910 not paid
Jan
1
1935
J
&
J
6
270.000
March 1916 not paid
M & S Sept 1 1935
6 g
500.000
Nov 1915 not paid
May
1
1943
M
&
N
5
As collat
Various
1916-18
1,150,000
6 g
M & N Nov 1917 to ’22
12 0 ,0 0 0
5
2 ,10 0 .0 0 0 7 in 1916 Yearly Sept 4 1916 7% Central Trust Co, N Y
do
do
A & O Apr 1 1921
1 .0 0 0 .0 0 0
6 g
do
do
585,100
5 g A * O Apr 11921
do
do
5 g A & O Apr 11921
422.700
Del
&
Hudson
Co.
NY
12 K J A J
3,500.000
do
do
10.006,000
3 H CA a n
Troy,
N
Y
M & N
3
600,000
4g J
$924,000
J
1.500.000
6 g
7.830.000 8 in 1916 J
3.380.350 7 in 1916 F
1.749.000 5 (6 ) g J
£714,700
5g J
5g J
4.312.000
250.060
4H J
990,000
4 )4 e J

&
4c
&
&
A
A
&
A
&

EARNINGS.—For year ending Juno 30 1916,. gross, $513,003; net;
ai/ pon & BARBERTON BELT RR.—Belt line at Barberton, O., and 8162 470
In 1914-15, gross, $413,134; not, $112,625; charges, $-00,399,
g<virlawn to Akron? CL; total, 23,1m . Stock, $100,000, owned equally
d e f $87,774.—(V. 101, p. 1271,1895; V. 102, p. 1058; V.103, p.1086.)
bv the Cleveland Akron & Cincinnati, Balt. & Ohio, Erie RR. and Northern bal.,
Ai
ABAMA
& VICKSBURG RY.—Owns Vicksburg to Meridian. Mis* ,
O^io Rv. Bonds auth.. $1,500,000- Issued. $1,140,000; $216,000 redeemed
and branch, 143 miles. Controlled by Sterling Trust Co. of London.
by sinking fund; $360,000 for future requirements. Soo V. 104, p. 2235.
F o r m e r ly k n o w n as tho Alabama Now Orl. Texas & l ac. (seo this Section
AKRON CANTON & YOUNGSTOWN RY.—Seo pago 208.
for Feb. 1917 and “ Chroniclo” V. 104, p. 12b3, 663.)
nTVTnPiMns_1890 to 1892. 3% yearly; 1896, 3%; 1897 to 1899, 5%.
Al ABAMA GREAT SOUTHERN RR.— ( S e e M a p Southern R y . S ystem .)
yoarly: 1915, 5% ’
_Owns Chattanooga, Tenn., to Meridian, Miss., 293 miles (about 20% 1900 to 1902, 6% yearly; 1903, 9 % :
1916,
7%. Stock divs., 50% in 1900 and 100% In 1910.
double-tracked); Wauhatchio Extension Ry., 3.2 miles; leases Belt Ry.
BONDS._$1,000,000 consols aro held to retire Vicks. & Meridian firsts.
Chatt., 49 in.; owns half interest Woodstock & Blocton Ry., 8 m.; trackage,
LATEST EARNINGS?— {1917............ Gross, $633,504; net, $123,488
1 0 mile’s.
O R G A N I Z A T I O N . —Controlled by Southern Ry., but operated lnde- 4 mos., Jan. 1 to April 30.11916......... -Gross. 565,618, not,
94,789
For Six Months from(1910--------------- Gross, $969,674, net, S-12,052
oendently V. 81. p. 1722; V. 82. p. 159. Owns $833,300 stock of S. W
July 1 to Dec. 31. 11915-------- --Gross, 836.366, net. Io0,39o
Construction Co. received for $833,300 Cln. New Orl. & Tex. Pac. stock.
REPORT.—Fiscal year ends Juno 30. Report V. 103, p. 2074.
DIVS.— ’01. ’02. ’03. ’04. ’05to ’08. ’09. ’ 10. ’ll to ’15. 1916. 1917. Tune
30
Gross
N e t after
Other
In terest,
D iv s.
Balance,
Com. stock- 0
0
0
0
0
2
4 ) 4 5 yrly.
8
text
Yea r __
E a rn in gs.
T a xes.
In com e. R ents, & c . P a id.
S urplus.
Pref stock 9 9 10 9 6 yearly 6
6
0 yrly.
7
7
$1 684.825 $299,251 $196,647 $125,381 $147,000 $223,517
In" Juno 1917 paid on common 2 ) 4 % and 1% extra; also in Fob. 1917 1915-16
i i ) i i i 5 : : : : : : 1.493.067 83,678 2 7 7 .9 7 1 1 2 5 .4 3 9 (5 ) 1 0 5 0 0 0 1 3 1 , 2 1 0
extra V, of 1% s.-a. on pref. V. 104, p. 2009.
, .
B O N D S .— The First Consols ($25,000,000) are issuable in lottered sories. —(V. 101, p. 922, 1549; V. 103, p. 1686, 2074; V. 104, p. 951.)
ALBANY & SUSQUEHANNA RR.— (See M a p Delaware A H u d s o n . ) $5 223 500 reserved to refund 1st 5s and Gen. 5s, S8,lo0,000 tor second
tr a c k a t say, $30,000 per mile; the remaining $7,313,500 for■ improvements
ROAD.—Owns Albany to Binghamton. N. Y „ 142 miles.
at not over $500,000 yearly. V. 97, p. 1285, 1582, 1820: V•98. p. 72, 1534.
LEASED for term of charter, viz., 150 years from April 19 1851, to Del *
E q u ip trust 19i6; /
102. p. 1539. In March 1917 sold SI,350,000 Con­ Hudson Co.; rental was 9% per annum on stock (see guaranty, V. 56, l
sols, making $4,312,000 outstanding. V. 104, P- 1044.
m1
but the courts having held that the stock Is entitled to the beneilt of
KARNINGS.—4 mos.,(1917________ Gross, $2,061,477, net, v§4J,ujlj 774).
refunding effected In 1906. $120,750 additional rental Is P.^ In Jan
Jan. 1 to April 30.
(1916........... ..Gross, 1,867,411; not, 527,084 yearly, beginning 1910. making 3.45% available for
dividends
stock; Jan. 1914 to Jan. 1917 20 cents was deducted yearly for co s. Federal
REPORT.—Year 1915-16 in V. 103, p. 1787; 6 mos. to Doc. 31:
income tax. A special dividend of 30% ($1,050,000) was Paid
*.
Operating N e t (after
Other In terest,
P ref.
C om . Balance,
1909 from tho procoeds of the judgment for back rentals due by reason of
j une 30
Revenue.
T a xes). In c o m e . R en ts,& c .
D io s.
D iv s . S urplus.
refunding. A special dividend of 3.45% was paid Jan. 10 1916 and Jan. 6
1915-Te- 5,641,402 1,681.301 383%15 604?858 236,625 54S.100 675,633 l9BONDS - t\Vo bonds ire%iar. j M . a n d until April 1 1916 convertible
1914-15lll4.776.630 944,263 240,433 558,521 202,821 391,500 31,853
Into IY & II. stock—$500 Stock tor *1.000 bonds; $3,556,000 were so con­
V 80 p. 1174, 1362, 2343. Guaranty, V. 82, p. 989.
1 Or T ' to"j53C
057,000 11.070;976 311.378329,296 121,314 274,050 659,694 verted
Arthur W Butler, rres.; W. L. M. Phelps, Sec. & Troas.; O. F. Coaney.
1915....... 21710,633 793,100 157,800 293,470 121,314 274,050 262,0bb
Asst.
Sec.
& Asst. Treas.—(V. 97, p. 1820.)
1 In 1915-K}, in addition to tho regular payment of 5 % on ordinary stock
and 6 % on pref., tho company paid an oxtra dividend of 2 % and 1 %,
AI BANY & VERMONT RR.—Owns road from A lb a n y to Waterford Jet.,
N Y., 12 miles. Leased to Rensselaer & Saratoga In I860 and now oper
respectively.—(V. 104. p. 951, 1044, 1143. 2009, 2450.)
ated by Delaware & Hudson Co. Annual rental. $20,000.
ALABAA1A & MISSISSIPPI RR.—See page 208.
ALABAMATENNESSEE & NORTHERN RY.—Operates from Mobile •
Ala on Gulf of Mexico, whero extensive terminals aro owned, to Reform.
Ala ’ on tho Mobile & Ohio, about 225 miles, including about 25 miles of
tra ck a g e
In Nov. 1915 receivers woro appointed; they aro now M. W. V 95 p 748 1540; V. 99, p. 814. Cash subsidy, $6,400 per mllo. Land
Thompson of N Y., and John T. Cochrane, Mobile, Ala. V. 103, p. 1686. CTftnt 2 137 144 acres (In Nov. 1916 about 2.000.000 acres remained.
V 99 d 1671- V. 101, p. 772. Tho receivers of tho
In Oct. 1916 all coupons beginning Oct. 1915 woro in dofault oxcept on
Xigoma Central & HudsonPBay Ity. and tho Algoma Central Terminals
e<1 Corwa]«ee1 /orS<Ae 4 U nderlying Bond I s s u e s . —Chairman, Georgo C. Van
Tuvl Jr •Sec., Chollis A. Austin, 60 Broadway, New York. Depositary, WO w n S c k ^ n d Rases*1*for 999 yrors Xigoma Central Terminals, Ltd
rediscovering In^re^and.1fromJuly 1918 1% sinking fund on 1st M.; the
Metropolitan Trust Co.. N. Y. V. 102, p. 1058.
,
„
„ ,
Second Noteholders' C om m ittee.— Chairman, F. N. B. Close; Sec., Graham bonds are guaranteed, prin. & int., by Lake Superior Corp. ^*’e8|S5f}spoo
Adams 30 Broad St. Depositary, Bankers Tr. Co., N. Y. V.102,p.1058. (limited to So,000,006) Is socurod on terminal properties and on $900,000
1st M 5% bonds and $99,300 stock of Algoma pastern Terminals. Ltd.
Tho notes are secured by First & Ref. Mtgo. 5s, 2 to 1.
EARNING8 .:—4 mos.,/1917_________ Gross, $154,987; net, $19,375 V. 95, p. 1540; V. 96, p. 651, 1020, 1491; V. 99, p- 268, 536, V. 100, I). <3_.
See
plan below and V. 104, p. 1700.
J a n . 1 to April 30.
11918..................Gross, 173,423; not, 44.091




Buffalo Gap

iO

Edgcmo

VShosli(

‘Wtilo

vYauktoi

Orin-J<

gs*"

'Crawford

lpa/isad<

tpralrt?

^ioux-City_

Ainsworth

Alliance;
[Northport

iWalcoll

JXorway-

Burwell

igohsjj!

Chejeni

Encampment'

Madlso“'.^ mIuwauke
llan 1«>'

Union

llartville Jo.'

Granger

ftheidjoa

Winner

O’Falluna

Steamboat Sj

Grand Island)

Red.Oal

Uncoli

nioglB-ld

dt-iliuj
Akron

^DENVER
[fittuby \ ,Llmon
Sedalia \
>Xeadville JiLarkspur

\ ® ^ “Jsfde Gli n,
uawatha y*°}»ods
'

RAILWAY STOCKS AND BONDS

\

°°opat
\ ' ^ r
- ,-1
/
Ourayl I

f«es*<^f %

CORCOHANt
ALPAUGH'iJ
»TO»M

^CANoVcJT^‘'flaoV' .-rpc, -»■

SggSSfl

V i y Alan‘o^ ^ ^ A\\^x^,
Durang<

%aV

Slartij

INGLEW
OOD'
Huntsville
Irpy»ffli9M
Tr

^ f Vlan

L’«;on|j *1

!§§§»$

SVt V a
\A

\?£hFIELD-

IR

^ G scC0
***
/V n ,~ -

L \ V _ yi

— r"

OUntomoKLAHOM

.

SAlamlll,

•arico]

no t
'kelly: ■^jjsocoR
.“<0.8*11 M
arcia]
Lava A
?I Engle ( QCutter V
l.’LVER^.
nB L’pham Y\
xSrincon /
^^easburg
deming:
'V'^kMesquite
V Virton

.Christmas

Guthri

Tucson!

J S ir ,
?ree*a*i<i

f sP€ula
tU>rIental
^Caristad
llxleland

Guzman

Granada
Sierra 151am

Magdalena1
Moctczuma

Nacozari

Toyahvale
Alpine

jLaguna

OF THE

A T C H IS O N , T O P E K A
AND

SA N T A FE R A IL W A Y
SYST E M

Madera'

Hermosillo

SANANTONK
Marquez

iL’nion
Tonichi'])

\

fSpoffoi

aymas
Jimenez;

TAlamos

" V \ Bay.CityJ
A SMAXAQO^DA

[Christi

Mnzqniz

El Parrel,

—
--- f FAB»;c.^|
\ G/ARW
Ob
Oo
Dnus
ucrof LaneCH.

Skidmore^

■Chihuahua

Sanchezl

__( Bcllevill^«S S 3^

- - ^ EeA
aglet-lake6LE-LAKE..JC.<

Kerxville?

Sanderson'

Querobabi«

SierraMojada

Nnevo Laredo;
MoucToyo1

■Laredo

Sprto«»
Grenada

y°*

Jdagdalena j

'°ENlX

MW

\ '}

/L>1
/ / - chick*L
sb
*D
'^
^ KcT^^j
*■
•W
; a;ters',--o
tN
SA^Y'^^T
^ V
17
-Lawtoi
\
D A V IS ^ fs A
•
l
/a
O
urdon;
‘ArfmflMl 'Ll
Bttgo
j■aM
'”a‘taV
“VV; r’•■t' S "
dor
Wichita Palls' 'GaineSYilleQ—
O'
\Sangerff i \.^^Tadonia Texarkana j ^
City—■
/^
JustinN/J
yClear U’*e
Stamford
^GarlandV^^
^
^
A
L
L
A
S
'J
C
.--trVr^*1^.^Cedar-Hill dr0'1
w viUI
:8urne iTjackson
'grigsby'
STERLING-, ^
,wACOl\\ Jewett
TY
TC
um
erdvVv
alo^
BanAageli
TE«PLI

BioPucrovO
' w.seierjc

>Y>POL«NO«.

m
§&
*°
^LA
c&

Searcy'

irOwBiO
^ Watrous
'LASVEGAS\
i«.*ORIO\ j ucum^

Nogaies

•Ju n e , 1 9 1 7 . 1

i^in'gBeld'yilloW_BprJM*

v ’C o ld w a t e r ^ ^

VANHOUTEN a^ATON
Farmington a
Koehler
t- UTEJpARK^ Ifrench

Oralbl/'

bunHnitH




BUm"

/'<r~.Vy!

ROCKDAL£^jo7>,^t^^fBt

^,PR*TT{
iSttGoof

~ aH*t.ea
'u fiTL*»c
**HIC0 P
R<

MAP

»A8ILENJ

D^^n,CO
L? /D
V
n
iN
'Q
X
s\
U
m
J>VJl?.
"V-4;
\*P
F
ou
nU
lnM
l “D
,»vO

Milford)Marysval?

Mnagc^SilP

vOakley

Monroevickibur|

, tVinDfield'l

)j

L
{exandn*U»<

RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S .
'
[For abbreviations , <fec., see notes on fir s t paoe]

M ile s
R oad

Date
B on d s

1910
Algoma C & H Bay—1st M g gu red 105 textUsm.xo*
1914
* fd M g $3,240,000 (V 99. p 536. 1213) . . .
Usm
1912
Alg Cen Terminals 1st M g gu rd 1 0 5 -.---Usin.xc*
’ 11-12
Equip bonds (A, B, C), duo part annually red-----x
1911
Algoma East Ry—Man & No Sh 1st M g gu red- Usmo*
Equip bonds ser A & D due part ann through 10 yrs
"62
Allegheny & Western—Stook $3,500,000) guar . . . .
62 1898
First M $2,500,000 gold guar p & 1 (end)...G,xo»
Allegheny Valley—See Pennsylvania RR
3 1889
Allentown Terminal—1st M guar p A t (end) g-.Ce.xo
1913
Altoona Northern—1st M $750,000g call 105 - GuP
1908
~12
Amador Central—1st M gold (2% s f began 1913) ..xx
292 1895
Ann Arbor—First mtge $7,006,000 gold-----Mp.xo*
1911
Impt and ext M $10,000,000 gold--------------------- x
1916
3-year notes $1,000,000 ------ ------------ --------™E
1909
Equip bonds, ser A gold due $33,000 seml-ann.Bax
1911
do ser B g due $30,000 s-a red 102 H (V 92.p 59)xc
102 1905
Apalachicola Northern RR—First mtge $2,000,000 g ..
124 1894
Arizona Eastern—Gila Vail G1 A N 1st M g gu.Mp-z
187 1910
First Refunding M s f................. .._._....F .c*& r
Arkansas & Louisiana Midland Ry—lstM notes gx 52 H 1915
1914
Ark & Mem Ry & Bdge—1st M $7,500,000 g----U
1915
Guar Secured gold notes; all callable at par— Ba.c
Asheville & Spartanburg—See Southern Ry. Carolina D lv "
Ashland Coal & Iron Ry.—Stock.
— ------------ '22 1900
First refunding mortgage $400,000 gold--------_Nx
1898
Atchison & Eastern Bridge—1st Mgs f red at par Cex
Atch Top & Santa Fe Ry—Stock, com $250,000,000-­
Stock pref $131,486,000 5% non-cum...............- - ­
439 1887
Chicago Santa Fe & California 1st M g---BB.zo*&r
General mortgage gold (see text)--------- Un.xc*&r 8.540 1895
Adjust lno M cum since July 1 1900 g-Ce.xc*<5cr 8.540 1895
do do Interest stamped payable M & N------ x 8.540 1895
479 1903
Eastern Oklahoma Dlv 1st M $10,000,000 g a.xo*Ar
TransconSL 1stM $30,000,000 g red 110-.axo*Ar* 1102 1908
106 1915
Rocky Mtn Dlv 1st M $20,000,000 g red.a.yc*&r*
1905
Bonds $49,711,000 conv com stk red (text) Q.xo* Ar

Par
V a lue

Amount
Outstanding

B ate
%

W h en
P a ya b le

tVoL- 104•
Last D ividen d
and M a tu r ity

Places W h ere Interest a n t
D ividen d s are P a yab le

See text
1 1960
5 8 J A D June
£ 1 0 0 $10,030,000
do
6 g M & S Sept 1 1964
318,800
$£
do
Aug
1962
F
&
A
5g
£100 &c £1,028,709
6 g M&N 15 To May 15 1922 Maltland.Ooppell&CoNY
$, £. &C $397,000
Bk of Mont, LonA N Y
2.500.000
6 g M A S Moh 11961
$. £. Ao
Malt., Coppell& Co.N Y
6 g Seml-A’n To Apr 1 1928 A
235.000
$. £, &c
6 g J A J July 2 1917 3% Iselln A Oo. New Yora
$100 3.200.000
do
do
4 C A A O Oct 11938
1,000 2.000,000
Office, 437 Chestnut, Ph
4 K J A J July 1 1919
450.000
1,000
June 1 1943
See text
Union Tr Co, San Fran
300.000
e l M A N Nov 21938
500
Metropolitan Tr Co, N Y
Q—J July 1 1995
1.000 7.000. 000
Empire Trust Co, N Y
May
1
1941
M
A
N
See text
a
do
do
M & N Mayl 1919
6
611.000
1,000
Bankers Tr Co, N Y
Nov’
17-No
v
’19
M
A
N
165.000
1,000
5 e J A J July ’17-Jan '21 Empire
Trust
Oo,
N Y
5g
210.000
1,000
March 1913 coup last pd
00058 M A S Sept 5 1925
1,000 2.000.
So
Pao
Co
165
Bway
NY
Nov
1
1924
M
A
N
5
g
1.000 1.492.000
do
do
M & N May 1 1950
5
1.000 &c 9.155.000
Ohic, Oont & ComTr&SB
6 g J & D Dec 11 1921
200,000
Mar 1 1964
As collater'l
5g
N Y. See Blair & Co
6 g J & J Jan 1 1918
1,000 6.000,000
from Co's office
773,500 4 In 1916 Q— M June 25 T7 1% Cheok
50
New York Trust Co. N Y
4 g M A N May 1 1925
300.000
1,000
Central
Trust Co, N Y
July
1
1928
J
A
J
374.000
4g
1,000
1’17 1H% Cheoks mailed from N Y
100 219,624,000 6 In 1916 Q— M June
do
do
1 1917 2H
100 124,173,700 5 In 1916 F A A Aug
5 Nassau Street, N Y
5 g J A J Jan 1 1937
560.000
1.000 Ac
do
do
4 8 A A O Oot 1 1995
500 Ac 150,634,500
do
do
4 g M & N July 1 1995
500 Ao 8.711.000
do
do
July
1
1995
M
A
N
4g
500 &o 42.635.000
do
do
Moh 11928
M
A
S
1.000 Ac 9.603.000
i
g
do
do
July
1
1958
J
A
J
4
g
22.545.000
1.000 Ao
do
do
4 g J & J Jan 1 1965
1.000 &c 3,000.000
do
do
4 g J A D June 1 1955
1.000 Ac 7.705.000

PLAN .—In 1916 the following plan (V. 102. p. 886, 1058. 2076; V. 103.
p. 843; V. 104, p. 1700, 2341), was put in effect:
(1) A bondholders’ committee, including O. B. N. Smlth-Bingham and
J. C. Dalton, for tho Railway bonds, and A. F. P. Roger and Androw
Williamson for tho Terminals bonds, and one or more others to exorcise
the voting power upon the common stock of both companies and also for
the conversion of the 2d M . bonds of the Railway into income bonds until
the principal and interest of all the 1st M. bonds shall have been paid in iuii.
(2) The interest on the Railway bonds from June 1 1914, and Interest and
sinking fund on the Terminals bonds to be paid only If and to the oxtont
that the Joint not earnings available for the purpose permit (except as indi­
cated below), but the Interest to be cumulative up to 5%, with rig h t to
6% per annum. If earned, in tho following priority (a) Terminals bonds for
current and all prior years 3% p. a., said payment, however, to bo a fixed
Obligation for tho periods from Aug. 1 1914 to Aug. 1 1915. (Pa*“ May
1917), and Mso In eacn year after Aug. 1 1921. (0) Both Issues pari passu
as though one Issue, 2%. (c) Railway bonds, 3%. (d) Any arrears up to
5% on either Issue, (e) Terminals sinking fund. (/) Railway bonds, 1%
and Terminals bonds, H of 1%. While the guaranty of the Lake Superior
Corporation will romaln, the committee alone can enforce It.
(3) Reducing existing prof, stock of tho Railway, $5,000,000 outstanding,
by 60% (I. o., each share to $40 par value), and creating a new class or
$3,000,000 5% non-cum. prof, shares of $40 par value, equal to 60% or
presont issue, having similar rights, to be issued as fully paid to the bond­
holders’ committee in consideration of the Railway and Terminals bond­
holders consenting
scheme,
to —the
--------- the stock
—
•to• be
• distributed
.. . . — 75%
p a j-j—
- o to this

EARNINGS.—6 mos., 11916...........Gross, $1,461,127; net, §320,328
July 1 to Dec. 31.
\1915._........Gross, 1,338,316; net. 376,185
For 4 months
11917________ Gross, $885,588; not, $90,831
J a i l to April 30. I1 9 1 6 - :- - - - -Gross’, ^ 868,063; net. 222,560
ANNUAL REPORT for 1915-16 was in V. 103, p. 1880..
1912-13.
1913-14.
Yea r ending J une 30— 1915-16.
1914-15.
Gross earnings________ $2,684,309 $2,310,902 $2,294,466 $2,072,697
461,511
473,038
Not, after taxes______
693,622
519,o5l
523,649
499,761
728,548
554,897
Not income__________
368,307
418,767__________
Int., hire equip., &c._
428,489
451,140 _________
Balance, surplus____
$300,060
$100,757
$80,994$155,342
DIRECTORS.—Newman Erb, H. 1. Miller, J. S. Bache, F. K. Curtis,
A. W. Towsloy, W. J. Wollman. W. M. VVadden, E. 3. Lyon and Fred­
erick Hortonstein. Pros., Newman Erb; V.-Pros., J. S. Bacho; V.-P. &
Gen. Mgr., A. W. Towsloy; V.-P. and Treas.. W. M. Wadden; Sec., II. B.
Blanchard.—(V. 103, p. 937. 1031, 1300, 1880.)
ANTHONY & NORTHERN RR.—Completed In 1916 from Trousdale
to (a) Kinsley, Kan., 24 m.; (6) Lamed, 26 m.; and In Jan. 1917 was
building from Larned north 21 miles.
APAI ACHICOLA NORTHERN RR.—River Jet. to Apalachicola,
F la .; 7 9 muS; Ap^achlcola to Pt St.loe, Fla., 23 miles. V. 87, n. 935.
Recolver discharged Feb. 22 1916, all Boating debt having been paid with­
out foreclosure proceedings. Capital stock roduced to $1,000,000.
Bonds, $2,000,000 (111. Stato Tr. Co.. E. St. Louis, trustee) . all held by
committee, Henry C. Ilaarstick, St. Louis, Chairman, and Rob t R. Tomp­
kins, Secretary, which collects interest only as earned.
For year ended Dec. 31 1916, gross, $209,742; net, $32,012; charges,
$129,308; def., $87,981. Pres., A. T. Perkins, St. Louis.—(V. 101. p.7b3)
ARIZONA EASTERN RR.—Owns Maricopa to Hassayampa, Arlz.,
74 miles; Bowie to Miami, Arlz., 136 m.; Cochise to Gleeson, 35 m.; Tempo
to Mesa 8 m.: other, 31 m.; leases Phoenix, Arlz., to Wlnkolman, 92 m.;
other7l m.; total, 378 miles. A consolidation in 1910, including Gila Val­
iev Globe & Northern, &c. V. 90, p. 446. Stock auth., $40,000,000,
or which $9,000,000 outstanding June 30 1916,$8,999,100owned by South.
Pacific Co.; with $4,042,000 of tho $9,155,000 outstanding First Ref.
5s. The remainder of the bonds are hold in sinking funds of proprietary
companies. In 1915-16, gross, $3 ,3 1 0 ,3 0 2 ; net, after taxes, $1,304,170;
other income, dobit, $39,121; charges, $919,312; bal., sur., $345,737.
—(V. 103, p. 1209.)
ARKANSAS & LOUISIANA MIDLAND RY.—Owns Monroo to Cross#tt, La.. 6 2 M miles, and leases Kolfo June, to Hamburg, 8 miles. and
Ashioy Drew & Northern Ry., Crossett to Monticollo, Ark., 41 miles.
Extensions of 70 miles to Pino Bluff, Ark., &c., projected. Incorporated
in Dec. 1915 (V. 101. p. 2142) with $1,000,000 stock, as successor of Ark.
La & Gulf Ry., foreclosed; no new bonds at organization, but $200,000

Equipment bonds, V. 92. p. 1635; V. 94. p. 1382. For tho 7 months ended
Jan. 31 1917, the net earnings available for interest and depreciation wore
$357,743, but were expected to fall off temporarily during winter months.
V. 104, p. 1386. Pres., R. Home Smith; Sec., Alex Taylor, Toronto;
Treas., E. B. Barber; Comp., 1. L. Godfrey, Sault Sto. Marie, Ont.—
(V. 104, p. 1386, 1700, 2341.)
ALGOMA EASTERN RY.—Owns from Sudbury, Ont., to Little Cur­
rent (Manitoulin Island) through nickel and copper districts, 86 m., com­
pleted Jan. 1 1913; branches. 3 m. Land grant 682,692 acres in Ontario
and cash subsidies from Prov. and Dom. of Can. V. 92, p. 265; V. 95, p.748.
Leases for 999 years Algoma Eastern Terminals, Ltd., rental covering int.
and sink, fund on $900,000 1st M. 5% bonds. See Algoma Central Ter­
minals. Ltd., mtge., under Algoma Central & Hudson Bay Ry. above.
Common stock, $2,000,000, all issued, and pref. 5% non-cum., $1,000.­
000, all issued, all prof, and $1,000,000 common ownedby Lake Superior
Corporation. Bonds (Man. & No. Shore Ry.) auth., $3,000,000, issuable
at $30,000 per mile (issued, $2,500.000). guar., prln. & int., by Lako Super­
ior Corp. Thoy are subject to call as a wholo at par or may be drawn at
105 from subsidies or tho proceeds of land sales. V. 92, p. 396, 462, 527,
1032; V. 93, p. 227. 406; V. 94, p. 1382.
,
. . 4t , .
.
For 8 mos. ended Fob. 28 1917 the earnings after deducting inteiest
Ark.—(V. 101. p. 922. 2142.)
and rentals, but not doprec’n, show a shortage of $9,095. V. 104, fl. 1386. Crossett,
ARKANSAS & MEMPHIS RAILWAY. BRIDOE & TERMINAL CO.
Report for year ending June 30 1916, In V. 103, p. 2 0 7 8 , showed a small
surplus, after deducting all tntersot and rental ch a rg e s, but without any —Owns double-track brldgo (with wagon-way) across tho Mississippi Rlvor
Tenn.; opened for traffic July 15 1916. V. 103, p. 321.
allowance for repreciatlon,” viz.: Gross, $540,973; net, §237,110. interest & at Momphls,
authorized. $100,000, of which $10,200 Is paid in, equally owned
rentals, $196,723; bal., sur., $40,387. Pres., A L Smith, Sudbury; Sec., Stock
by
the
St.
Louis
Southwestern Ry., Chic., Rock Isl. & Pacific Ry. and
Alox. Taylor, Toronto; Treas., E. \V. Shell, Sault Ste. Marie.—(V. 104, p. St. Louis Iron Mtn.
& Southern Ry., which use the road under a 50-year
1386.)
operating agreement. These roads and also (acting under order of Court)
ALLEGHENY & WESTERN RY.— (See> M a p B u f f . R o c h . &. ««*■>— the receivers of the two companies last named, Jointly and severally guar­
Punxsutawney to Butler. Pa.. 60 m. andbr. 2m. An extension of Buff. Rocn. antee for thomsolves and the receivers for any companies succeeding them,
& Plttsb., to which leased In perpetuity for guaranty of bonds and b /> on both the 1st M. bonds and also the 3-year gold notos (secured by pledge of
stock. Uses Balt. A Ohio from Butler to New Castle and Pittsburgh under a $6,000,000 of tho bonds), prln. & int., by endorsement. The notes are
trackage arrangement, making In all 144 m. V. 70, p. 849.—(V. 82, p. 691.) limited to $5,000,000 and are callablo as a wholo at par and int. Of the
ALLENTOWN RR.—Topton to Kutztown, Pa., 4.39 m. Stook, $1,268.­ $7,500,000 1st M. bonds. $6,000,000 aro pledged to secure tho notos and
884 (par $50), Inol. $1,071,400 pledged under Reading Co. gcn.M. No bonds. $1,500,000 are available for further capital outlays under restrictions.
Also owns In fee 5^ acres of land In Momphls, subject to tho mtge. thoroon
ALLENTOWN TERMINAL R R —Owns 2.91 miles of railroad in Allen­
the Rock Isla n d M e m p h is T erm inal R y. C o . —not an obligation of the
town, Pa., connecting the East Penn. (Phlla. A Reading) with the Cent, of of
company—under which $400,000 bonds are held by Ch. R. I. & Pac.
N. J. Leased for 999 years to Phlla. & Read, and Cent, of N. J. (by assign­ bridge
Ry (V. 99, p. 1833). V. 102. p. 711, 799. Pres., W. S. Martin. 210
ment from Lehigh Coal & Navigation Co.) at Interest on bonds and 5% on Union
Station, Memphis.—(V. 102, p. 711, 799: V. 103, p. 319.)
1450,000 stock (par $50), and taxes, bonds being guar., prin. and interest,
ASHLAND COAL & IRON R Y —(V. 99. p. 814.)
by Phlla. A Read . R R . Co. (foreclosed) and Lehigh Coal A Navigation.
A T C H IS O N & E A S T E R N BRIDGE.—Owns railroad and wagon bridgs
ALTOONA NORTHERN RR.—This company, in 1916, to complete
chango of gauge to standard, buy new rolling stock, &c., obtained authority at Atchison. Kan., connecting with the union station. Used by the Atob.
Top. A Santa Fe, the Ohio. R. I. & P.. the Mo. Pao. and the Ohio. Burl. A
to sell $205,000 bonds In addition to $250,000 then outstanding.
AMADOR CENTRAL RR.—lone to Martell, Cal.. 12 m. Stock, $400,000 Quincy. Stock. $700,000: par, $100 per share. Pres, and Treas., H. P.
par, $100. Mortgage, see V. 88, p. 156. Year ending Dec. 31 1916, gross Bells, Cleveland, O.—V. 67. p. 578.)
(THE) ATCHISON TOPEKA & SANTA FE RY.—(See M a p . ) —
$106,088; net, $43,673; Int., $15,000; other income, $3,300: taxes.rentals,
&c., $8,445; bal., sur., $23,559. Dividends 1911-12. 6 2-3%, $25,000 from Systom July 1 1916 comprised 11,271 miles of railroad and ombraced
accumulated surplus. None since. Pres., Meta J. Erickson, San Fran­ an unbroken line ot track from Chicago, 111., via Kansas City, Mo., and Al­
buquerque, N. M.. to the Pacitlo Ocean; also to Galveston, Tex., and the
cisco.—(V. 88, p. 156.)
Gulf ofMexIco. For operating purposes the 11,271 m.were divided as follows
ANN ARBOR RR.—Owns from Toledo, O., to Frankfort,on Lake Mich., Atchison
Topeka & S. F ___ 8,647.87 IGulf Colorado & Santa Fe.-1.937.59
292 miles; operates car ferries between Frankfort, Mich., Kewaunee and Rio Grande
A El Paso_____ 20.221Panhandle & Santa Fe........ 665.02
Manitowoc. Wis.. and Menominee and Manlstlque. Midi. Wabash and
Aso controls, through ownership of securities or purchase contrapt
Pere Marquotte use Toledo terminals. Rate decision 1916. V. 102, p. 1162 other
lines
aggregating
161.33 miles, and, Jointly with other cos., 606.52 m.
Entire cap. stook of Manlstlque & Lake Superior, Manlstlque, Mloh., to
In April 1915 the St. Louis Rocky Mt. & Pacific Ry., extending from Des
Evelyn, 42 m. (with branch, 13 m.) was purchased in 1911. V. 92, p. 1108. Moines,
N. M.. west to Raton, with branches, 106 miles, was purchased for
STOCK., &c.—Common. $3,250,000; pref., $4,000,000; 5% non-cum. $3,000,000 Rocky Mtn. Dlv. 1st M. 50-yr. 4s (secured on the road pur­
par $100. Pref. stook oert., see Issue Oot. 30 1897, p. 3. V. 94, p. 205 chased). See V. 97. p. 363, 442; V. 95, p. 543. 1771; V. 97, p. 066; V. 100,
The Ann Arbor Co. was Incorporated Jan. 5 1911 as a holding company
with $7,250,000 auth. stock, of which $4,000,000 pref. and $3,250,000 P In*1900 acquired control of Gulf Beaumont A Kansas City and Gulf Beau­
common (par $100), the stock being offered, share for share, for the Ann mont & Great Northern, which are leased by Gulf Colorado & Santa Fe,
Arbor RR. stock. At last advices $2,971,900 pref. and $2,158,201 com lessee also of Cane Belt RR., &c. V. 76, p. 751; V. 77. p. 1224. On July 1
1914 the Gulf & Inter-State, Concho San Saba & Llano Valloy, Texas &
had been exchanged. V. 92, p. 59. 116, 321.
BONDS.—In April 1916 $750,000 6% notes were sold, secured by de­ Gulf and the Pecos & Northern Toxas south of Sweetwater wero loased to
the
Gulf Colorado & Santa Fe Ry.
, _ . _ _
posit of $1,500,000 Impt. and Extension 5% bonds (of an Issue limited to
In Jan. 1917 had under construction (a) North Toxas & Santa Fe Ry.,
$10.000,000), and a second lien on entire road, with all other equipment, &c.
Shattuck
Okla.,
to
Hansford,
Tex..
85
m.;
extension
of
South Plains &
V. 102, p. 1624.







[Vol. 104.

RAILWAY STOCKS AND BONDS

8
R A IL R O A D C O M P A N IE S .

[F or abbreviation s. A t . , see notes on

irst page.]

M ile s

R oad

Date
Bonds

A tch ison T opeka & Santa Fe Ry (.Con .)—
1909
Bonds $28,258,000 g conv com stir red(tex) d .x o ’ &r
1910
Bds $43,686,000 g conv com stk red(text)0.xc*&r*
141 1898
Hutchin A So 1st M g red 105 since 1908-.OB.zo*
876 1896
San Fr & San Jo Val 1st M g call 110 alt 1915. Ba.zc
195 1892
Santa Fe Pres & Phoenix— 1st M_________ g Ba.zo*
26 1898
Prescott & Eastern 1st M guar---------------------Ce.zc*
834 1912
Cal-Ar L lst&Ref M $50,000,000 gred 110.Q.xo*&r*
1907
Athens Terminal Co— 1st M gold redeem 1 0 5 --N.xo*
337 1904
Atl Blrm & Atl— Atl & B 1st M red 110------OB.xc*
634 1015
First & R ef M $15,000,000 g call (text) .Eq.yyc*&r*
638 1915
Income M 5% n -c $5,200,000 call par & int.C ol.yc*
263
A tlanta & C harlotte Air Line— Stock (see t e x t )...
263 1914
lst M $20,000,000 ($5,500,000ser A414) Ce.yc*&r*
Atlanta Knoxville & Northern Ry— See Louisville & N ashvlll
82 019O8
Atl & S t And Bay— 1st M $500,000 g red par------c*
82 1914
Second mtge ($500,000 authorized)---------------------Atlanta Terminal— First mtge $1,500,000 g -.Q .x o ’ &r 5.32 1903
93
Atlanta & West Point— Stock $2,500,000 auth--------83 1889
Atlantic City— First Mtge $2,200,000 gold-.GuP.xo*
1900
Atlantlo City purchase money real estate mtge.QPx
"66 1898
Sea Coast prior Hen mortgage gold----------------- --x
1901
1st Cons M $4,500,000 gold guar--------- ----------(IPx All
Atlantic Coast Line Co (Conn)— Stock (see text)
1897
Certis ot Indebt lno non-cum $5,OO0,OOO..SBa.zr
1900
do Class B red 105 after Nov 1920(V 89,pl666)z
1905
do redeemable at par since 1910-------------------z
Atlantic Coast Line R R — Stock common (text).
..
Class “ A " com stock tax exempt (Rich & Pet certfs)
Preferred stock 5% (V. 75, p. 1252)-------------------- 1902
Coll tr M gold secured b y L & N stk red 105-xo*Ar*
Unified mortgage gold (closed)------------------xc*&r* 4,304 1909
Gen Unified Mortgage-------------------------- Us.c*&r* 4.353 1914
Do
series B ..................................... Us.c*&r* 4.353 1914

Par
Value

Amount
Outstanding

Rate
%

When
Payable

Last Dividend
and M aturity

D ivid en d s are Payable

Nassau Street, N Y
$1 .0 0 0 &c $1,313,000
* g J & D June 1 1955
do
do
4 g J & D June 1 I960
1 ,0 0 0 &o 12,324.000
do
do
Jan
1
1928
&
J
J
5
g
192,000
1 ,0 0 0
(lo
do
6 .0 0 0 .0 0 0
5 g A A O Oct 1 1940
1 ,0 0 0
do
do
4,940,000
1 ,0 0 0
5 g M & s Sept 1 1942
do
do
224,000
5 g A & o Apr 1 1928
1 ,0 0 0
do
do
4M g M & s Mch 1 1962
$ & £ 18.497.814
New York Trust Co, N Y
2 0 0 ,0 0 0
5 g J & J July 1 1937
1 .0 0 0
Old Colony Trust Co, Bos
4.090.000
5 g J A .1 Jan 1 1934
1 ,0 0 0
M & N Nov 1 1945
Columbia Trust Co, N Y
5 g M & s Nov 1 1930
5,165,787
1 ,0 0 0
M & s Mar 1917 4H% U S Mtge & Tr Co. N Y
1,700,000
9
10 0
Central Trust Co, N Y
& J July 1 1944
1 ,0 0 0 &c 20,009,000 4H & 5 J
AtlantaCenBk&Tr Corp
6 g
A A o Oct 11938
1 ,0 0 0
425,000
425,000
J & J Junol 1940
6
Guaranty Trust Co, N Y
1,500,000
1 .0 0 0
4 g J & D July 1 1953
10 0
2,463,600 6 In 1916 J A J July 2 1917 3% Atlanta, Ga
Reading Terminal, Phlla
1 ,0 0 0
2 ,2 0 0 ,0 0 0
5 g M A N May 1 1919
do
do
75,000
1 .0 0 0
4H A & O Apr 1 1930
do
do
350,000
5 g A & O Apr 1 1948
do
do
1 ,0 0 0
1,851.000
4 g J A J July 1 1951
50 8,820.000 12 In ’15 C—M Juno 9 ’17 3% w.iwiiiore
5.000,000
5 cur J A D Irredeemable Juno 1917 paid 2H%
1 0 0 &c
Jan 1917 paid 2%
J A J
4
61,800
1 0 0 &c
Jan 1917 paid 2%
^
A
J Jan 1 1925
.1
3,000,000
4
1 0 0 &c
A
J July’ 10 1917.3 H Treas Office. Wllm, N O
1 0 0 67,558,000 5 in 1916 J
do
do
July’10
1917
3
H
A
J
10 0
1 ,0 0 0 ,0 0 0 5 in 1916 J
do
do
10 0
196,700 5 In 1916 M & N May 10 1917 2J4 J P Morgan
& Co. N Y
4 R M & N Oct 1 1952
1 .0 0 0 &c 35,000.000
United
States
Tr
Co, N Y
98,000
1 ,0 0 0
4 g J & D Deo 1 1959
do
do
1 ,0 0 0 &c 22,819,000
4>* J & D Juno 1 1964
do
do
D
Juuo
1
1964
&
J
4
10 0 ,0 0 0

OFFICERS.—Chairman of Board of Directors, Walker D. Hines; E. P.
Santa Fe R y., southwest from Lubbock. Tex., to^Minlrler, 65 miles; Ripley,
President; D. L. Gallup. Comp.; C. K. Cooper, Asst. Treas.
Southern Ry., Lindsay, Cal., to Portorvillo, Cal., 12 miles. V. 104, p.
Directors.—Charles Steele, Edward J. llerwlnd, A. D. Juilllard, II. Rle71The Oklalloma Central RR., Lehigh, Okla., to Chlckasha, 133 miles. Is man Duval, Walker D. Ilines, Henry S. Pritchett, Ogdon L. Mills, N. Y.;
leased for 5 years from Aug. 1 1914, with privilege of ren ew al for 5 yoars, T. De Witt Cuyler, Phlla.; B. P. Choney. Boston; Homer A. Stillwell,
and an option to purchase the $1,500,000 stock and $1,500,000 income Edward P. Ripley. Chicago; Androw C. Jobes, Merriam, Kan.: Bowel
Jones, Charles 8 . Gloed, Topeka; IT. C. Frick, Pittsburgh. Office. 5
bonds. V. 98. p. 1844; V. 99. p. 406: V. 101, p. 845.
ORGANIZATION.—Organized Dec. 12 1895 under laws of Kansas, as Nassau St., N. Y.—(V. 103, p. 60. 937. 1206, 1223, 2155; V. 104, p. 71.)
successor of Atch. Top. & S. Fe RR. Co., foreclosed. V. 60, p. 658.
A T H E N S T E R M I N A L C O .— Owns freight terminals anil approaches In
The railway company In July 1916 owned In fee 8,349.98 miles of system, Athens, Ga. Stock $25,000, equally owned by Seaboard Air Line and
and also all. or nearly all, the bonds and stocks of the other companies.
Gainesville
Midland, which agree to pay operating expenses and Interest
Has a Joint Interest with the Southern Pacific In the Northwestern Pacific. charges In proportion
to tonnage use. Bonds ($250,000 auth. Issue), see
STOCK.—The preferred stock has preference as to assets and non-cumu- table above. Pres., W. R. Beauprlo, Gainesville, Ga.; See. & Treas.,
latlve dividends not exceeding 5% per ann., as declared by the board of di­ Gordon O. Carson, New York City.
rectors out of net profits. No other mtge. and no Increase In the pref. stock
A T L A N T A B I R M I N G H A M & A T L A N T I C RY.—Owns Brunswick. Ga.
can be made without consent of majority of all pref. outstanding and of all
com. stock represented at a meeting. The total auth. amount of pref. is to Birmingham, Ala., 453 miles: Sessoms to Waycross, Ga., 25 miles:
to Thomasvllle, Ga., 81 m.; Atlanta to Manchester, 78 m.;
$131,486,000. Pref. stock certifs. In ‘‘Supplement” of April 1897. page 3. Fitzgerald
In Nov. 1915 $10,000,000 pref. stock was sold to large Investment Inter­ total. 638 m. See V. 103, p. 405. An extension from Waycross, Ga., to
Jacksonville, Fla., 75 miles, is proposed, to cost something over $2,000,000
ests, making $124,173,700 outstanding. V. 101, p. 1806, 2143.
The shareholders Oct. 26 1916 authorized the sale on account of Impts. and to be completed by Jan. 1 1920, affording access to tidewater. V.
on the line of the former Atlantic & Pacific RR. of $4,800,000 prof, stock 104, p. 2116.
ORGANIZATION.—On Jan. 1 1916 succeeded to foreclosed properties
still held In escrow under agreement of Mar. 8 1898. V. 103, p. 937.
of tho A. B. & A. RR. Co., Georgia Terminal Co. and Alabama rermlnal
DIV8 .—
’00. '01. '02-’05. '06. '07. '08. '09. 1910 to Juno 1917.
Ry.,
per plan in V.101,p.2143. Result of Federal valuation, V.103.p.l887.
3H4 yrly. 4>4 6 5
5H 6 % yrly(l)^% Q-M)
Com. (%)........... 0
N E W STOCK.—$ 3 0 ,0 0 0 ,0 0 0 in $ 1 0 0 shares underwritten at $ 1 2 a s h a r e
Pref. (%)............. 4 5 5 yrly. 6
5 5
5 5% yrly(2H% I’ &A)
by
a
syndicate
headed by Haydon, Stone & Co., to provide $ .3 ,^ 0 0 ,0 0 0 for
BONDS.—The Gen. Mort. (Abstract V. 62. p. 731-739; see also V. 6 8 ,
p. 974; V. 8 6 , p. 1098) gives a lien, either by direct mortgage or by collateral discharge of all equipment obligations (about $ 1 , 2 6 6 , 3 6 6 ) , also judgments,
tax
loans,
&c.
V. 1 0 2 , p. 3 4 4 , 885.
trust, on 8,539.97 m. of the system, with equip., terminals, &c.
The unissued Gen. M. 4s were In 1914 reserved as follows: To retiro under­
BONDS.—F irst and Refunding B on d s. —When Issued will be a first
lying bonds, $2,004,960; for impts., &c., $1,852,102; acquisitions of other mortgage on 300 miles of main-lino track and socond mortgage on
lines, $6,731,554; no longer available $2,339,383.
337 miles, and upon tho terminal properties in Birmingham and Atlanta.
A djust. (Income) M t g e . abstract. V. 62, p. 739. Int. payable only if To be issued only (a) to rotiro, at or beforo maturity, Atlantic & Birming­
earned up to 4% in each year, cumulative. Present issue limited to $51,­ ham Ry. $4,090,000 1st 5s due 1934. (b) For future improvements, ex­
728,000, but when the $30,000,000 gen. 4s auth. for Improvements as above tensions and acquisitions under restrictions. None of these fixed Interest
have been Issued, $20,000,000 additional adjustment 4s may be Issued for bonds had been issued to Dec. 31 1916. Interest rate to be fixed at time or
the same purpose at not exceeding $2 ,0 0 0 ,0 0 0 In any one year, but only by issue, not to exceed 6 %. V. 103, p. 405. Callable at 110 & int. Nov. 1920
a majority vote of the adjustment bondholders. Interest—In Nov. 1897 to 1925; at 105 & int. 1925 to 1935, and thereafter at 102H.
F ifte e n -Y e a r 5% In com e B on d s. —To bear non-cum. intorest payable annu­
PaEast«nSOWahoma^lvisfoif 4s of 1903. V. 76. p. 434; V. 79. p. 1331; ally or seml-ann. at such rato, not exceeding 5% p. a., as may bo declared.
(V.
101, p. 2143). Tho mortgage provides that net income, as de­
V . 84. p. 1549; V. 85. p. 598; V . 86, p. 980. 1041.
The “ Trans-Continental Snort L in e" first gold 4s ot 1908 are limited to fined by the I.-S. Comm. Commission, as available for that purpose, shall
so declared by tho Board. The board may, however, reserve in
$30,000,000 auth. Issue. The $17,000,000 sold In Aug. 1908 covered. 693 bo
year from such “ net income” not in oxcoss of 2 0 % thereof,
miles then In operation; the remaining $13,000,000 can bo Issued at $2o,000 any
or mile. In Juno 1915 application was made to Issuo $10,808,000 ad (but not to exceed $10 0 ,0 0 0 in any year), until tho total amount so reserved,
exclusive of interest, shall reach $300,000. This “ Income Bond Reserve
Itional. V. 100, p. 2008. Compare Issue Juno 26 1915. V. 87, p. 479, 878.
The 4s of 1905 ($49,711,000 auth. Issue) are convertible Into com. stock Fund.” carrying Interest at 6 %, may be distributed to the Income bonds
at par till June 1 1918. V. 79. p. 2695: V. 80, P. 649; V. 81. p. 1174: at any timo and in any amount, and any balanco at the maturity of the
shall bo paid over to the trusteo for the benefit of the bondholders.
V. 82. p. 391, 867. Of the $26,056,000 5s issued in 1907, tho 5,7,500,000 bonds
Tho first Installment of interest on tho 15-yr. 5% income M. bonds at
still outstanding June 1 1917 wero paid at maturity on that dato. V. 104, p.
2341. Tho $28,258,000 4s of 1909 are conv. into com. stock at par to Juno 1 thof ull rate of 5% per annum, from Nov. 1 1915 to Juno 30 1916, 833 33
$1,000 bonds was paid Sept. 1 1916, but only as to 2M% from earnings,
1918. V. 88, p. 1435, 1559. Tho 4s of 1910 aro conv. into com. stock at per
par prior to June 1 1923. V. 9 0 , p. 913,1043,1612; V. 92, p. 393, 593, 1700. the now company not having takon possession till Jan. 1 1916. V. 103,p.664.
The several Issues of convertibles must be secured by any future mtge. On Mar. 1 1917 2H% (s.-a.) will bo paid on the incomes. V. 104, p. 663.
As to Atlanta & Birm. Ry. $4,090,000 1st M. 5s, soo V. 80, p. 710, 115.
covering the lines owned at time the convertible Issue was made, and may
LATEST EARNINGS.— /1017_____Gross, $1,278,034; not, $189,250
be called at 1 1 0 on any Interest day, but when called may be converted
Into stock provided the time for conversion has not expired.
1,007,266; net, 126,701
4 mos., Jan. 1 to April 30.11916_____Gross,
The Callfornla-Arlzona Lines 1st and Ref.mtge. of 1912 ($50,000,000 auth. For six months, July 1 to/1916------- Gross, $1,681,175; not, $'116,697
Dec. 31_______________ (1915_____ Gross,
1,573,212; net, 263,044
Issuo) of which $18,449,034 4Ms are outstanding covers 834 milos of
road. Including the line from Needles to Mojave, 242 miles, which was
REPORT.—For years ending Juno 30 1916 in V. 103, p. 1683, showing:
acquired from the Southern Pacific Co., on which there are outstanding Jun
e 30
G ross
N e t , after
Other
In terest,
Balance,
$4,127,500 Sou. Pac. bonds due Nov. 1 1937. The latter also cover over
Y ea r —
E a rn in gs.
T a xes.
In c o m e . R en ts, A c .
S u rp lu s.
1,000 miles of Sou. Pac. Co., which has agreed to Indemnify the Cal. Arlz. 1915-16
$3,051,877
$439,091
$66,599
$345,984sur.$159,706
& Santa Fe Ry. against any claim on account thereof.
_____ 2,656,483 133.803 57,716
.........
.........
Of the remaining Cal.-Arlz. bonds. $28,383,966 are Issuable for not 1914-15---I
“ interest, rentals, &c.»Minclude: Rentals, &c., $18,384, while inter­
exceeding the actual cash expenditures for betterments. Improvements and estThe
on
bonds
includes
part
interest
on
incomes
paid
Sept.
1
1916.
additions on and after Jan. 1 1912 and $5,167,000 are reserved to refund the
The estimated expenditures for yoars 1916 to 1918 for impts., ballast, 35
underlying bonds, $4,940,000 Santa Fe Prescott & Phoenix 5s, $224,000 miles
now 80-lb. rail, &c., aggregate $601,434, viz.: 1916, $193,000; 1917.
Prescott & Eastern 5s and $3,000 on the line from Golfs to Ivanpah. Cal.. $353,434;
1918. $55,000.
_
„
T T.
.
45 miles. V. 94, p. 649, 696. 766: V. 95. p. 543.
,
„
Directors: E. T. Lamb, F. K. Mays, Brooks Morgan, J. K. Ottloy and
Of the Rocky Mtn. Dlv. 1st 4s of 1915 ($20,000,000 auth. Issue), $3
Mell.
R.
Wilkinson
of
Atlanta;
A.
II.
Woodward,
Birm
Ingham,
Ala.;
000.000, redeemable at 105, wore issued to purchase the St. Louis Rock Galon L. Stone and Charles F. Ayer, Boston; Percy It. l yne, Geo. O.
Mtn. & Pac. Co., Des Moines to Raton, N.M., &c., 106 milos. Tho remainder Clark Jr. and Howard Bayne, N. Y. City: E.IC. Farmer. Fitzergald, Ga.
may be Issued for extensions. V. 100, p. 1593; V. 102, p. 250.
F. D. M. Strachan, Brunswick, Ga.; Elijah B. Lewis, Montezuma, Ga.,
LATEST EARNINGS.—/1917-.Gross, $43,534,801; not, $14,277,120 W. C. Vereen, Moultrie. Ga.
4 mos., Jan. 1 to April 30.\l916--Gross, 36,029,893; not, 11,488.265
Pres., E. T. Lamb; V.-P., Brooks Morgan; Sec. & Treas., F. K. Mays.—
For tho 6 months, July 1 to /1916.-Gross, $77,507,625; not, $31,550,566 (V. 104, p. 162. 2116.)
Dec. 31_____ _________ 11915--Gross, 66,979.778; net, $25,705,248
A T L A N T A & C H A R L O T T E A I R L IN E R Y .— (S ee M a p Southern R ailw ay
Taxes, &c., were $3,576,445 for 6 mos. in 1916, agst. $3,028,726 in 1915.
S y stem .) —Owns Charlotte. N. C.. to Armour, Ga., 203 miles.
REPORT.—Annual meeting fourth Thursday in October. Report for
The stockholders on June 2 1914 voted (1) to authorize a first mortgage to
year ending June 30 1916 was given in V. 103, p. 1206, 1223; edit., p. 1166. secure an Issuo or $20,000,000 bonds to bo Issued In lettered series and to
1915-18.
1914-15.
1913-14.
bear not ovor 5 % int.. and (2 ) to modify tho operating contract made with
Average miles operated___________
11,247
i 1.115
10,909 tho Richmond & Danvillo RR. under which tho dividend to bo paid will be
Operating revenues_____________$133,762,392 $117665,587 $111,109,770 9% yearly without regard to earnings, instead of a maximum of 7%, de­
Operating expenses______________ 83,730,960 76,091,553 73,469,334 pendent upon gross earnings, tho Southern Ry. to have an option to pur­
Taxes, &c_ — .................................. 6,251,439 5.522.633
5,525,585 chase the stock on any dividond dato at $250 per share Inicash. See V. 98,
p. 1458, 1765, 1918; V. 98, p. 1991; V. 99, P- 195, 536, 608. Tho final
Operating Income______________ $43,779,993 $36,051,401 $32,114,850 $4.000.000 1st M. 5s was sold in March 1917 on recount of additional
Other Income___________________ 3,307,130 2,997,150 2,174,354 double-tracking, &c. V. 104, p. 1044. In March 1916 It was expected
tho work would extend ovor aDout two years. V. 102, p. 1058, 1 1 (>2 ,
Total income____________ - ___ $47,087,123 $39,048,551 $34,289,204 V. 101, p. 286. 368; V. 103. p. 577, 664.
Interest on bonds__________ - ___ $12,529,733 $12,785,747 $12,886,412 DIVS.— 11881 to’89. 1890 ’91 toM a r . ’01. Sept. ’01 toM a r . ’ 14. S in ce.
Hire of equipment, rentals, &c_____ 2,047,334 2,199,391 1,283.034 Per cent.) 5 yearly.
5>$
6 yearly.
7 yearly.
9 yrly.
Dividends on pref. stock (5%)_____ 6,208,685 5,708,686 5,708,690
Year ending Juno 30 1916, gross. $5,751,748: not, after taxes. $2,569,698
Dividends on com. stock (6 %)_____ 12,482,280 11,841,330 11,691,750
Additions and betterments________ 7,000,000 6,513,397 2,719,318 other income, $17,182; Int., &c., $1,461,873; dlvs. (9%). $lo3,000, addi­
tions, &c., $1,129; bal., sur., $970,878.
Pres., C. S. Fairchild, N. Y.—(V. 104, p. 1044, 1898.)
None
Balance, surplus______________ $6,819,091
None

S




J une , 1917.

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S .
[F or abbreviations, & c „ see notes on fir st page.]

Atl Coast Lino RR

M ile s
R oa d

(Concl )—

B onds to be Refunded by General U n ified B onds —
First cons (1st M on 1,023 miles)closed..F.xc*&r' 3,942
North East (S C) cons M gold Flor to Charleston.xi
10 2
Atlantlo C L of S C gen 1st M(lst on 594 mlgSBazc
696
69
do
do
69
27
WUm A Weldon gen M ($938,000 are 4s) g.SBa.zo'
479
Wilmington A Newbern 1st M gold assum.-SBa.i.
91
Nor & Car 1st M gold (P Pt Va to Tar, N O.Ce.zc*
110
Second mortgage gold______________ SBa.zo
110
Sav Fla & W 1st M g ($2,444,000 are 5s) .Mp.xc* A
544
Charleston & Savannah gen mtge gold__SBa.zc*
111
Bruns & W 1st M (Brunswick to Albany)g gu Mp.zc
167
Alabama Midland 1st Mg (Balnb to Montg).. Mp.xc
174
Florida So 1st M gold......................... .....AB.zc*
244
Sanford & St Petersburg first mtge gold_____ PePx
145
Sll SpO & G 1st M gold (Ocala to Inv A br)_Eq.xc*
64
Atlantic & Danv—1st M $4,425,000 g lnt rent._Baxc*
278
Second mort $1,525,000 gold lnt rental------ Eq.xc*
278
Atlantic & North Carolina—Stock $1,800,000______
—
First mortgage $325,000------------------------- MeBa
95
Atlantic & St Lawrence—Stock 6% rental Grand Tr’k
167
Atlan & West’n—1stM$ 1,500,000g red 105__FBac*
24
Augusta & Savannah—Stock 5 % rental Central of Ga
53
Augusta Southern—First consol mtge gold___ Ce.xc 82 W
Augusta Union Station—First M $250,000 gold.SBax
Austin & N W—See Houston A Texas Central

Date
B on d s

Par
V a lu e

1909 $ 1 0 0 &c
1902
100 <5cc
<tl911
1 .0 0 0
1902 1 .0 0 0 &c
1883
1,0 0 0
1898
1 .0 0 0
1881
1,0 0 0
1881
1 ,0 0 0
1890
1 ,0 0 0
1885
1 ,0 0 0
1897
1 ,0 0 0
1889
1 .0 0 0
1896
1 ,0 0 0
1884
1 ,0 0 0
1886
1 ,0 0 0
1888
500 <5ec
1888
1 ,0 0 0
1895
1 ,0 0 0
1894
1 ,0 0 0
1888
1 ,0 0 0
1900
1 ,0 0 0
1904
1 ,0 0 0
—
10 0
1887
1 ,0 0 0
____ £ & $ 1 0 0
1912
500 &o
10 0
1894
1 .0 0 0
1903 1 .0 0 0 &c

Panama City, Fla., on St. Andrews Bay, Gulf of Mexico 84 tulles- opened
July 15 1908. Stock authorized. 51.000,000; outatandhitL S?( ) rin?b oar
98, p. I.Lil, 14£0^V^88, p. 685,^VA83, p. 270. For year ending June 30
R* A’.MoT?er^-(V ? 98 p?" 535?V.: ToTpi 520.)°" T ' Candlcr; Gen‘ Mgr1BRMINAL CO,—Owns union passenger station opened
approaches, used by Southern Ry.. Central of Georgia
a i'J ' i » “ .^GSt l oint RR., Atlanta Birmingham & Atlantic Ry. and
r,ca i?ar. ,, ir Bine By. Stock, $150,000, owned In equal proportions Dy
the rirst three companies named, charges and oxponscs being paid by the
five using companies on car basis. V. 76, p. 593, 1394; V. 77, p. C99;
V. ooi p. 119o.
„ ATLANTA & WEST POINT RR.—Atlanta, Ga., to West Point, Ga..
93.19 m. Georgia RR. Mch. 31 1910 owned $936,100 stook, but sold same
In 1910-11 to the lessees at $135 pershare, with the option of purchase at
•ame price on expiration of lease.
DIVIDENDS.—From July 1 1884 to July 1901. Inclusive, 6 % yearly
J. & J.: Oct. 1 1899, 25% extra; 1902 to July 1917, 6 % yearly.
Year ended Doc. 31 1916, gross, 81.469.722; not, after taxes, 8 3 4 4 4S7h»r income, 823,059; charges, 8178,651: divs. (6 %), 8147.816- sur ’
1 £,730.—(V. 93. p. 1104.)
'
1
ATLANTIC CITY RR.—Camden toAtlantlc City,58.35miles- branches
Winslow Junction to Cape May. N. J.. 55.80 miles: Whilamstowri'
22.67 miles- Gloucester. 10.85 miles; Sea Isle City, 12 35 m il^ Ocean
City. 10.lO.fmiles; total. 170.18 miles. V. 72. p.1278. STOCK common
$2,625,000; pref., $1,000,000 (par, $50). Reading Co. owns oVer 99% of
stock, and guarantees consol. 4s, prln. and lnt. Form of inmrnnt/ v
75. p. 1398. Of the latter. $2,649,000 are reserved™ ?etfrT nHnr'ii™
bonds. See V. 7.3, p. 81. There are also outstanding $22 800
^
RR. series A 5s and $1,200 series B 5s.
a l! «^,800 Sea Coast
E JanN1lNto Apr430.OS-,| l9 10::::::::G roS : • J f l ® net loss' S19'983
9ur»°nCTiivinetincome!
564,298.
Deduct:0 interest’
Interest’ on funded 'debt 8207 872- other
rentni«

bonds of Atlantic Coast Line RR.-soe below and V . 1 0 3 p 1504.
STOCK.—The stockholders voted February on mil
stock from S17.640.000 to 88,820.000 effeettve as of Mar 10 the stock­
holders receiving an equal number of now $50 shares in nlarn of the old
*100 shares, also out of assets 3100 Atlantic Coast Line RRs common
conimnn stock
8100
stock
for
)r each 850 stock surrendered—see below. V 98 »KJ1 S- common
T o stock
“
indebtedness, see
sci editorial Ont 1R07 snnnk
As to the certificates of Indebtedness,
ment.
p. 3; aY
V.’a ^65.
P dfv|:dcn'd7(V
564: V. 71,. P„._1310_.
In
1898
$53900.000
stockPwas
rnstVVhnted1
00%
P
6713n
10d
^
r
‘
18,
y
s
**r
>.000.00()
S t o c k was
distributed as a lUU/o dividend (V. 67, p. 954), and In 1900 *in ooo ooo <10 /
certificates of indebtedness (Including $2,500,000 of Atlantlo Coast Tine
U R . Co.) as a 100% dividend.
(V. 71. p. 697; T 73 p 4 9 3 ) I f to so
curltles pledged to secure equally the certificates of Indebtedness see v
17. p. 1310; V. 83, p. 560. Bal. sheet 1914. V 9 9 , p. 1127.
’
V
CASH
__ 03. 04, 05. 00. 07. 08. *09. *10. *11 *12to Tune 1017
1, 02.
lau: 8 8 9 10 10 8
9
iq -Juno 1917,
DIVS—% /6M
REPORT.—Fiscal year remains Juno 30. For yoar ending ‘r fim i-in ^
in V. 103, p. 1504. showed: Receipts, dividends $ 9 4 7 n7 og and
ALIA
3436.606; total M,383,685 (against $1,411,416 111 lOlLlfiV mlscellan^ui
AI LAN! IC COAST LINE RR.—"-‘(.See Afdp,)—.onorTtpq fmm oinb mnmi
and Norfolk, Va..on the north, to Fort Myers, Port Tafinn lind
r
Fla., on the south, and Montgomery. Ala., and Auguff Pr-a o f trn.
reaching the ports of Norfolk. Va.; WllmIngto iif N* c ? ' Charicston S C •
Savannah and Brunswick, Ga., and Jacksonville and Port Tamnf fk C”
L in
in es
owned and
and trackage—
trackage
.. i l e s .
^ L
e s owned
M
L in e s ow ned. ” e. (cSn.)— M i l e s .
Richmond, Va.. to Port Tampa,
Sylvan Lake near Sanford to
’
F la............................ ........ 907 ot. Petersburg. Fla
14 5
Norfolk, Va., to South Rocky
ARU
dnip’
v!a"
to
Brooksvlfleir
145
Mount__________________ 115 Mllldale, I la., to Perry
103
Contentnea to Wilmington___ 105 Branches. Ac___
y
i 826
Wilmington, N. C., to Pee Deo
L ea sed —
Junction _______________
97 Central RR, of So. Carolina—
Florence. S. C., to Augusta, Ga. 167 „ Bane to Sumter S.C ........„
40
Sumter to Columbia................
45 Other lines............ j2
Yadkin Jet. (Wilmington, N.C.)
to Sanford
. 116
e.a,r,ns- June 30 1916.4,790
Waycross, Ga., to Folkston, Ga. 34 T
llneS !See eactl CO.) —
Jcsup, Ga., to Montgomery, Ala. 355 Bnuls.
(Incl. Ga. RR.).7,642
Brunswick. Ga., to Albany___ 169 MorthCf°&!?Nash.
*
Carolina.
343
Dupont
»*"i" *”Jet.
'/WIto
vv/ Fort
A'-/i bMyers,
iviyciti, Fla.
r i<i. 349
o*±» ^ 911 UWCSterflWestern
RR of So
rjnr
qi
™mAi0n<^sl:Uh Interest in the Rlchmond-Washington Co. Leases1
Jointly with the Louisville A Nashville RR., the Georgia HR 5 7 1 miles ’
.
Auk. 101(l a. contract was awarded for an extension of the Haines Cl tv
branch from Sobring, Fla., south to Immokaleo, 80 miles with a branchy
to Moorehaven, 20 miles. V. 103. p. 677.
’
1 a Drancn
_ 95LF
-—On April 18 1900 absorbed by consolidation (V 70
3^3\> W^.mIngton & Weldon RR., Atlantic Coast Line RRs of S C
and Va. and Norf. & Car. RR. Florida Southern and Sanford & St Peters’
burg were merged April 19 0 3 v 76 n 918 071 Th« X
l17064<n°nnr)Oh'Oinnni> Ju5.°
° wne<i *18,590,600 common° s?oclf
having been distributed Mar. 10 1914 among Its stockholders
8ee that co. above. V. 70. n. 8 Q3 -V 7 1 n 1 1 1 6 iiin -v qo '
s*
Tn'f)C:1 °Pin9 ? W|St? n n 1'. was merged In 1902.’ V. 74, p. 7^4, 829
vliL
nn
sm
.l
n
1 ni ? - 0 0 0 of the *60,000.000 Louisville & Nash­
ville RR. stock for $10,000,000 cash. $35,000,000 In 4 % collat. tr. bonds




Am ount
Outstanding

R ale

%

W h en
P a ya b le

La st D ividen d
a nd M a tu r ity

P laces W h ere Interest and
D ividen d s are P ayable

$4,482,935
4
M & N Nov 11939
135,10C
4
M & N
Treas Office. Wllm, N O
1,125.000
4M g J <Ss D Dec’17-Dec '24 U S T rC o .N Y .4 Balto
50,938,000
4 g M A S July 1 1952
United States Tr Co, N Y
657,006
6 g
J A J Jab 1 1 9 3 3
United States Tr Co. N Y
6,547,006
T g J A J July 1 1948
Safe
Dep & Tr Co, Balto
868,006
J A J July 1 1926
6 ir
Merch Nat Bk, Rlch’d.Va
800,006
6 g
A A O Oct 1 1926
do
do
300,006
4M g A A O Apr 11940
Brown Brothers, NY
4,000,006 4 g ft 5 g J A J July 1 1935
106,006
F
A
A
4g
Aug 1 1947
1,314.000
5 g A A O Apr 11939
400,000
5 g J A J Jan 1 1946
Dep & Tr Co, Balt
6,500,000 5 g & 6 g A A O Apr 11934
ed States Tr Co, N Y
1,500,000
7 g J A J Jan 1 1938
do
do
1.407,000
J
A
J
4g
Jan 1 1938
do
do
2,800,000
6 g
M A N Nov 1 1928
2,418,000
4 g J A J Jan 1 1945
275,000
4 g J A J Jan 1 1924
do
do
492,000
4 g J A J July 1 1918
do
do
3.925,000
4 g J A J July 1 1948
1.525,000
4 g J A J July 1 1948
1.797,200 3 In 1916 J & J Jab 1 1917 1M
325,000
6
J A J July 1 1917
5.484.000
6
M A S Mar 1917 3%
303,000
5 ft M A N May 1 1952
1,022,900
5
J A J •July 6 19i7 2 M
400,000
5 St J A D Deo 1 1924
225,000
4 g J A J July 1 1953

-600.000 stock and In 1913 acquired S6 ,120,000 additional. V, 75.
p. /oo, / yj, yuo; v. 79, p. 785.
STOCK. Atl. Coast Line of Va. class A (Rich. & Pet. ctfs.) tax-exempt
stock was assumed as so much of the com. stock of the new company.
DIVS. (%)— ’03-’05.’06. ’07. ’08. ’09. ’ 10. ’ ll. ’ 12-T4. ’ 15.’ 16- 1917
Oom.flncl.CLA.) o5 y’rly 6 6 65 >4 5H 6 8 7 yrly 5 5
7%
In Jan. 1917 Increased semi-annual dividend to 3H%. V. 103, p. 1980.
ao
T
X? 0 5 2 9 7 ° !n com- Btock scrlP and 5% in Atlantic Coast Line Co.
indebtodness. V. 81, p. 1558. b Includes 3% paid In
Jan, In Atlantic Coast Line RR. 4% certificates of Indebtedness.
n r f 2 ^ n ‘nrlonnna f 1 1 9 1 4
Mortgage or 1909 was closed and
a new 8^00,000,000 General Unified) Mortgage was made permitting (unlike
m,0 m<?jtf??86°fl909) the Issuing of bonds In serlas at various rates of Interest
Jl™. oqdn
BR.Co. and the Atlantic Coast Line Co.
($21,330,000 and $3,008,000) were exchanged at once for new Series A
similar exchange was offered till Juno 1 1916 to the
?r^87.000 old unified 4s held by the public. V. 9S, p. 761. 1070.1154 1243­
V. 100, p. 1916. Listing, see V. 103. p. 2237.
. ^
P u rposes fo r which the $200,000,000 General U n ified B onds were or are issuable
Issuable as Ser. A 4>^s to refund $30,719,484 Unlfiod 4 s.........$30,749,484
Reserved to retire 4% certlfs. of Indebtedness, pref. stock and
debenture bonds__ ____ ____ __ ____________ __ ______ 4 9Q3 900
Reserved to retire underlying bonds__________I.IIIIIIIIIII 8 l’438 750
Reserved (along with any bonds not Issued to retire certificates
’
’
V^fiS^P^^GL^lcf^O^0! f54?Ii^430 Svnl0O(Lnp.1T5,O8.VementS’ &C" 7 9 ’ 7 4 9 ’ 808
tn?tle ^4% convertible debentures are redeemable (after May 1 1916) at
105 and convertible at the option of the holder into common stock at S135
a share at any time up to Jan. 1920. or. If called, up to 30 days of date,
v •y /, p. lolo.
As to the $35,000,000 collateral trust 4s of 1902, see ••Organization”
abS,Ye- Ttley are subject to call at 105 In amounts not less than 5100 0 0 0 .
Thero wore outstanding June 1 1917 $15,000 Bruns. & West, incomes,
a-ro £ % J ? ashJ 9 e t °J} * Vandemere 4 Ms ($1,500,000 authorized, of which
$720,000 outstanding) are guar., p. & I., by endorsement. V. 84. d. 1246
As to Winston-Salem South Bound RR. guar. 4 s, see that company.
’
„ FiNANCES.-The dividend rate on the common stock was reduced
mH™Dro 315lll6 S^ 5^ 8 rostored to 7 % in 1917‘ Bonded debt per
LATEST EARNINGS. (1917___ Gross, S15,167,620; net, 85,051,591
4mos. Jan.l to Apr.30.11916___ Gross, 13,264,610: net, 4,630,892
For six months,
/1916____Gross, $18,284,960; net, 35,153,912
July 1 to Dec. 31.
\1915____Gross, 15,407,985; _
_ _ „,W
V,IW,
net.
3.586,484
REPORT.—For fiscal year ending June 30 1916, in V. 103, p. 1977,1992.
Gross receipts....... .......... ........... $34.445.110 $3/,536,475 $36,832',780
Operating expenses, taxes, &c........... 24,606,305 24,507,361 2 7 ,7 8 2 .8 8 7
n Netre^lpta from traffic..............$9,838,805 $7,029,114 $9,049,893
Dividend on Li & N7

J6) ^3200 5) 1,836.000 (7)2.570.400

lnt. on certificates of indebtedness...
":446
5466 8 5 ,5 q 'm
Rentals and miscellaneoas.............. .
366 5 3 1
3 5 1 'mi
9 i s ’ 5 ns
Dividend on preferred stock (5 % )...
9.U 5
9.835
9 925
n 77Hnn7 =„on
0„nn
C0 <1 I? ® .7
C.k- , ........(5)3(5)50,000
377,900 (5)3,377.900
(5)50,000(7)4,729,032
(7)70,000
Dividends
R.&P.
A " stock........
Balance, surplus.............
$4,161,158
$863,201 $2,620,051
OFFICERS.—Chairman, Henry Walters; Pros., J. R. Kenlv; 3d V.-P..
Lyman Delano; 4th V.-Pres., R. A. Brand; Gen. Mgr.. P. R. Albright,
Sec., Herbert L. Borden; Treas., James F. Post.—(V. 103, p. 1992, 22o7.)
t
& DANVILLE RY. — (See M a p Southern R u .)—West Nor­
folk to Danville, Va., 205.1 miles; three branches. 22.25 miles; James River
ZjB- <Iaremont (3-ft. gauge), 50.36 m.; total, 277 m. Leased to Southern
} 1899 to July 1 1949 for taxes, repairs, malnt. and cash
rental sufficient to cover lnt. charges, with privilege of renewals for terms of
i ypars- 1h addition the Southern Ry. agrees to pay the same rate of divi­
dends on com. stock as paid on Its own com. stock. V.71,p.447; V.79.D.625
Suit to enforce provisions of lease. V. 95, p. 1606.
BONDS.—Of the $4,425,000 4s of 1900, $500,000 can be Issued only for
improvements upon request of Southern Ry., interest charges to be covered
by lnfre^cd rental. Of the $1,525,000 second 4s, the remaining $750,000
were issued July 1 1909. V. 77, p. 195.—(V. 89. p. 1410; V. 95, p. 1600.)
^ANTJC & NORTH CAROLINA RR.—Morehead City to Goldsboro,
8tate 0«Pres.
No’ £
ar’ ^ ov- 1 Nat.
9 1 3 owned $1,266,600 of $1,797.29 °stk. E. C . Duncan,
Merchants'
Bk., Raleigh, and a director
k*SKU^J?rn BRy who in April 1913 had acquired about $270,000
P*’F?.®Private holdings at $75 per share, also offered the same for the State’s
V- 9®-£- 8®?. 1088. Leased from Sept. 1904 to Jan. 1 1996 to
Atlantic & North Carolina Co. (the lease being later transferred to Norfolk
Southern RRd for int. on bonds, taxes, &c., and divs. at 3% for 20 years.
Increasing
every 10 years tlil 5% is reached; thereafter, 6 %.
’93. ’94. ’95. ’96. ’97. ’98. ’99. 1900-04. Underlease
Per cent----- 2
2
0
2
2
2
2
0
as ahnvn
—V. 83. p. 1522: V. 96, p.862. 1088.)
as above.
TTiVFL;^,^J, S & WESTERN RR.—Sanford to Llllington, N. C., 24 m.
G.
Iluffor Jr. controls the company. V. 94, p. 1249. Stock S312 000*
Soar
tpBonds Issuable at S12.000 per mile. See table above. ’ For
*50.223; net. $20,278; charges, $18,919; bal., sur.,
f.S£59)T X
o tV91J ' 15 t’ gS?8?,’, 5 4 5 -9 i 2'- net, S16.546; bal., def., $2,007
CW94np O1249fv.r9J5^-’pBai038T°’ Md’= S0C’ & TrCaS- Wm‘ °* Cooke-

10

[Vol. 104.

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[F o r abbreviations, A c . , see notes on fir st pave]

M ile s
R oad

Date
B on d s

Par
V alue

Am ount
Outstanding

R ate

W h en
P a yab le

Last D ividen d
and M a tu r ity

Places W h ere Interest an*
D ividen d s are Pa yable

July 1 1917 1M Erie Railroad. New York
3M J A
$100 $225,000
Avon (leneseo & Mt Morris RR—Stock (see te « )- —- 17.7 1894
Phlla and New York
Sept 1 1934
5e M &
1.000 1.250.000
88
MercantlloTA D Co. Balt
Baltimore Chesapeake & Atlantic—1st M gold.Mp.zc
SeDt 1 1917
5g M &
40.000
1.000
1912
Balt & Cumb Vail Ry—Seo Western Maryland Ry
Company’s office, N. Y.
Jan. 11917
390.600 5 & 7
50
Nat Bk Commorce N.Y.
U & C V RR Exten—Stock gu ($270,000 carries 7%) July 1 1931
230.000
6
1.000
First mortgage Interest rental -------MeBa 26.5 1881
Balt & Harrisburg Ry—See Western‘ Maryland Ry
Sept 1 1917 2)4 Co’s Office. 2 Wall St,NY
100 151.945.593 IIn 1916 M A S Sept
Baltimore & Ohio—Common stock 5210.250.000-.-do
do
1 1917 2%
100 58,863.182 : In 1916 M A S
Pref stock 4% non-cum authorized $60,000,000--do
do
1 1925
3)4 g J A J11 July
500 &c 74.895.400
Prlor Lien mtge gold (closed) not oall. --Ba.xo &r 1.081 1898
do
do
July
I
1948
A
A
O
H
•
81,971,000
4
g
500
&c
First M gold red at 105 after July 1 9 2 3 --lls.xo &r 1.663 1898
Co’s
offloe.
2
Wall
St, NY
July
1
1925
A
Jli
3)4 K
500 &c 44,840.980
921 1899
SouthwDiv 1st M$45,000,000g---------------—Fxc &r
do
do
Nov 11925
66,055.950
3)
4
g
500
&c
1898
379
Pitts Juno & Mid Dlv 520.000.000 1st M g.Ce.xc*&r
do
do
Nov
1
1941
M
A
N
42.525.000
4
g
1.0001
P L E & W V Sys ref g red 100 after 1925-Un.xo &r 1.643 1901
do
do
4) 4 g M & S Mch 1 1933
500 &c 63.250.000
1913
Convertible bonds redeemable (text)----Ce^xc &r
do
do
60.000.000
5 g J & D Dec 1 1995
Ref&GenM Ser A g (call, all 105 b « 2 5 yQc*&r* 4,502 1915
__
New
York
1959
Semi-an
4
See
text
1916
Cinc-Tol Div 1st M $3 5 ,0 0 0 ,0 0 0 ''A'’ rail 102H -0004)4 g F A A To Feb 1 1922 GirarddoTrust Co.do Phlla
1,000 5.000.
1912
Equlpbdsdue51.000.000 yly e gu (V94p349) 0 Pxo* &r
A & O To April 1 1923
5.970.000
4)4
1,000
1913
do
due $1.000.000 yrly (V 97. P 8 0 2 ) -GP.xc*
4)4 M & N May 1918 to ’26 New York
1.000 4.500.000
1916
do due $500,000 yrly call 102H--------G pc*
do
do
1,000 10,000,000
4)4 g A & O Apr 1 1918 to 27
1917
do duo $1,000,000 yrly call 1 0 2 )$-g--CPyc*
J
P
Morgan
& Co, N Y
To Underlie C in & Toledo D iv . M ortg age—
J
&
J
Jan
1
1937
0004)4 g
1,000 2.000.
1887
Cin Ham & Dayton 2d (now 1st) mtge gold.-Fxc*
All coups paid June 1910
5 g J & D June 1 1942
1.000 3,000,000
1892
General mortgage $7,800,000 gold--------- ...x c
& OlOct 1 1917, \'A Cincinnati, Ohio
3) 4 A Q—J
50 2,396,950
1871
Dayton & Michigan com stock (3 'A % guar) _
do
__
July
11917,2%
8
50 1,211,250
1871
Preferred (8% guaranteed) endorsed - - - - ­
J P Morgan & Co, N Y
- J Jan 1 1931
4) 4 J &
1,000 2.728.000
141 1881
1st M gu p & i end ext In 1911 red 102K beg 17-C
B onds Underlying Pitts June & M i d LHv M . i Ms—
Offloe, 2 Wall St, N Y
4)4 g M A S Sept 1 1930
1.000 1.009.000
143 1886
Cent Ohio 52,500,000 con 1st M (1st loan)g MeBa.zc
do
do
6 g J A J July 1 1922
1.000 0934.000
6 1882
Pittsburgh Junction 1st M gold--------------- Ba.xo
do
do
July
1
1922
J
A
J
Sg
1.000 0243.000
6 1894
Pittsburgh Junction 2 d M gold.-..-------B a.xo
4s—
do
B on d s U n derlyin g Pittsburgh L a k e E r ie A W est V ir gin ia
do
Oot
1
1933
A
O
5.000,000
5
g
1,000
1893
198
do
Olev Lor & Wheel cons M (now 1st) gold.Usm.xo*
do
A D June 1 1936
890.000
5g
1,000
198 1896
do
General mortgage g redeem 105--------------- N.xc
d
o
894.000
4)4 g _ A J Jan 1 1930
1.000
198 1900
do
Cons Ref M gold red at 102)4---..........---Eq.xc
do
Nov
11995
M
A
N
8,301,000
4
g
1.000
83 1895
do
Cleveland Term & Valley 1st M gold guar. Ba.xo*&r
do
695.000
5 g F A A Feb 1 1919
1.000
37 1889
do
Monongahela Rlv RR 1st M gold guar B & O Ce.xo*
do
225.000
5 g M A S Mch 11950
1.000
72 1900
Ohio & Little Kan Ry 1st H 5250,000 red 105 g-H
Reg.
Int.
Q.-J.
reg.
Int.
Q.-F
M.
A
N.;
c
Coups.
Sys.
4s.
b In addition 58.711.550 pledged as part collat. for Pitts. L. E. & W.Va.
BONDS.—(1) P rior L ie n 3)4%. afirst Uen on ma n ltae and beaches.
AUGUSTA & SAVANNAH RR.—Mlllen to Augusta. Ga-. 53 mlles. lD Parkersburg
branch and Pittsburgh division, about 1.081 miles of first traok
1895 re-leased to Cent, of Ga. for 101 yrs. at 5% on stock.—(V. bl. p. 239.) and 1,715 miles of second, third and fourth tracks and
and also all
AIICi (IST A SOUTHFRN RR.—Owns from Augusta to Tonnille, Ga., the equipment now or hCTeaftcr accmlred. Total auth., $75,OOfbOOJL See
82 5 miles. The Southern Ry. in March 1917 sold its majority lowest to application to list, V. 69, p. 30; V. 78. p. 1906; V. 86. p. 1528; V. 86. P- 36.
Georgia & Florida RR. (which see). V. 73, p. 343. Com. stock, 8400,000;
(2) F irst M . 4% B on d s. D u e July 1 1948; a first lien on the Phnadelphla.
nref S350 000' par, $100. Year ending Juno 30 1916. gross, .$173,417, Chicago and Akron divisions and branches and the I-alrmont Morgantown &
net, after taxes and uncollectible railway revenue $38,629; other Income Pittsburgh RR covering about 582 miles of Qrsrt track and about 860 miles
$11,686; interest and rentals, $42,593; bal., sur., 87,722. ,
of s^ m ftS V d and fotlrth tracks and sidings; also on the property covered
q . Brown, of Redmond & Co., N. Y.—(V. 104, p. 1045, 1144, 1898.)
AUGUSTA UNION STATION CO.—Owns union passenger station at SKrt&*8: TS» i ® M B ;
Augusta, Ga., used by all roads entering the city, tho latter,,V,hamliann
oDcratlng contract providing for Interest on the bonds and 4% dividends on
stock Stock. $75,000 (25% paid In). held equally by'Southern Ry-^tlan reserved to retire prior Hen bonds in 1925.
tic Coast Lino RR. and leasees of Goorgia RR. V. 78. p. 2 3 3 3 , V. 79. p. 500. (3) Southwestern D iv ision Isl M . 3)4». Virtually * Grst lion
Pres., Chas. A. Wlckershara; Sec., W. H. Vincent. -»-(V. 82, p. 48.)
upon former B. & O . S. W. system, 921 miles of 1st track and
ANTOFOCiASTA (CHILE) & BOLIVIA RY.—In Sept. 1916 $3,000.­
560 miles of 2d track and sidings. All Issued------------------ 45,000,000
000 2-year 6% notes wore purchased by N. Y. bankers. V. 106, p. S'M- (4) B . A O ., P U tsb. J e t. A M i d . D i v . 3 ^ s . Expected to be ul­
AVON GENESEO & MT. MORRIS RR—Mt. Morrisi to Avon. N.Y ..17.7
timately a first lien upon the railroads of the Central Ohio
system and Pitts. Jet. RR. Co., 379 miles in all. Total
$20,000,000
miles. Leased to Erie RR. Feb. 26 1896 In perpetuity; rental (after 1911),
$6 055 950 is In hands of the public and $8,711,550 pledgod under 1Itts.
3 )4 % on stock.—(See V. 63. p. 512; V. 62, p. 318. 589.)
Lake Erie & W. Va. Is. Closed except to retire underlying bonds, seo tablo.
BALTIMORE CHESAPEAKE & ATLANTIC RYj-Owns Cla^orne to
(5) Pittsburgh L a k e E r ie A W est V irgin ia S ystem mtge. funding 4% gold
Ocean City, Md„ 87.0« m.; Salisbury. Md., to Fulton, 0.55 m., from Clai­
borne to Baltimore. 44 m. transfer is made by water; steamer lines owned, bonds (authorized amount $75,000,000) are a ten on,
forming a direct connection with Pittsburgh. G1<3vel8,nd’
1. Lora
1,134 m.: total of all, 1,221.61 miles. The Penna. and allied cos-own all and
Sandusky, subject to underlying bonds outstanding t^roon
the SI.000.000 common and 9 5 % o f the $1 ,.‘-0 0 .0 0 0 5% cu^pref. stock.
above).
In
June
1910
$3
1.021,550
additional
underly
ng
bonds
lnciudlnB
V 02 n. 52 593. Dlv. on pref., 2% Mar. 1 1905, in 1906, Mar., o / p ,
Oct 2%- in 1007 VTar., 3 %; Sept., 2%; In 1908, Oct., 2%; 1910, Jan., 5%; $8,711,550 Plttsb. June. & Middle Dlv. 3)48. were held in trust as Part se
The $31,558,500 unissued are reserved to retire underlying bonds.
Sept JVo: 1911. Janf 31. 3%; Mar. 31, 2%; Oct. 2. 3%: 1912. July I. ourity.
2)-. %• none since to June 1 1917.
. . . .
. V 74, p. 266; V. 79. P 2793; V. 80. p. 1423; V. 80, p. 479. 1528; V. 87.
The stockholders voted on Jan. 26 1905 to acquire a majority of the stock p. 36; V. 88. D. 451. 685.
of the Maryland Delaware & Virginia Ry., extending from Lavo Point.
(7) Convertible 20 -y e a r 4)4* $63,250,000. dated Maroh 1 1913, will
Md., to Lewes, Del., with branches, a total of 77 m., and guarantee $2,000.­ bo convertible into common stock up ^ Pob- 28 1923 at $110 per
redeemable beginning
March i1 1923 at ^,w
10 2 , • -rhose 4)4s r.
are
000 of its first mtge. bonds. See that co.( V. 80, p. lib, 1058,
sharo and redeemaDie
Degmnmg xviarcu
In cal. year 1916. gross, .$1,232,020; net, $174,518; other Income, $11.­ secured by tho new b la n k e t m o rtg a g e below d^CTlbcd pari p ^ u with the
..........97,
new bonds. See V. 96. p. 134. 200. 651. 7 1 5 ,_1 0 8 8 . 1421.
V. 97.po. 727.
514; chges., $262,215; def. $76,183.—V. 102, p. 1539.)
Schuylkill River East Side 4s. V. 77. p. 1745; V 81. P.
- 727.
BALTIMORE & CUMBERLAND VALLEY.—SeeWostem Maryland Ry.
(8) R efunding & General M ortgage o f 1015[ due D e c . I 1995 (V. 101. P- 11«4).
BALTIMORE & CUMBERLAND VALLEY RR. EXTENSION—WaynwThe initial $60,000,000 5% bonds of this 1issue was bright out In Dec.
bore to Shlppensburg, Pa.. 26.52 miles. Leased to Western Maryland RR 1915 by Kuhn, Loot) & Co. and Speyer & Co. See v
below;
“ ’nw also
11180 V.
v 101, p.
tor 50 years from July 1 1881.wlth prlvllegeof renewalforlnt. on bonds 1884; V. 102, p. 975; V. 103, p. 1989.
»nd dividend on stock, amounting in all to 538,730.—(V. 75, P. ooo.)
Secu rity .—Socured on practically entire system, 4.502 mHe* o t t l ^ t n y e k ,
BALTIMORE & HARRISBURG RY.—See Western Maryland Ry.
and equipment or interest therein, having in 1915 a not Y»}uei of OTer
BAI TIMORE & OHIO RR.— (See M a p .) —ROAD.—Operates from Balti­ $79,000,000. Also ccrv-ers tho passenger and freight
i./•!?«
more to Philadelphia and Baltimore to Chicago, Cincinnati
Louis; Dhia, Baltimore. Pittsburgh and Chicago and the freight twrmnws on
total mileage leased, owned and operated In July 1915, 4.536 miles. Royal Staten Island, N. Y., In Cincinnati and Washington, as well as tme-half
stock Interest in tho Washington Terminal Co.
on^lwlf OWMrshlp
Blue Line” (see Central RR. of N. J.) gives access to New York.
of joint yards at Washington. A direct lien upon about 2,283: miles^of Grs»
The system embraces, subject to mortgages, the following lines.
track, and a Hen. through tlie deposit of bonds, and In most
“
P r.U en 3)4% M .— (1.081 m.) M i l e s .j Pittsburgh & Western-- - - - - 214 In
no case less than 96% of capital stock, of each of tho companies owning
Balt.to Wheeling. Belpre.O.,&c.4545 xPlttsb. Cleveland & Tol. Br_. 48
remaining mileage.
„
Cumb. to Plttsb. & w., &c----- 331 xPittab. Palnesv. & Fair. Br— 50 theReservation
o f B on d s .-T h e mOTtgage rc^Tes bonds to retire a^ut $282,xEastern Ohio Br----------------- 17
lxf M tg e . 4%—(582 m iles )—
9 nnn ooo nrlor liens on various parts of the system and tho $0 0 ,2 0 0 ,uuu con
Balt, to Phlla. and branches— 133 xTrumbull & Mahoning--------I t K s t being secured by the new mortgage pari
37 vertible goU S
Chicago. 111., to Akron, Ohio.- 364 Monongahela River Br_______
83 passu with the bonds issued thereunder] and
Branches to Falrmont,W.Va.,&o. 85 xCicv. Terminal & Valley-----for construction. Improvements, new equipment and the Me ntion,
South W . D iv . 3)4% M .—
„ . xClcve. Lorain & Wheeling Br_. 198 bonds
or indireetty, of j)ropertios and securities. The ™ht is reserved to
Belpre, O-.vla Cine, to St.L..&c. 921 Wheeling to Cleveland, &o.. 204 directly
S
‘tto P r i o r 3 ) 4 s fnto 1st M. 4s of 1898 duo )?8. and to extend
xOhlo River Lines—
P itts . J e t. 3 )4% M . — (379 m iles)
62 the due date of tho S. W. Dlv. 3)4s to date not later than July 1 1050.
West Virginia Short Line Br—
Bellalre to Midland City, Ohio!
72
The authorized issue Is limited to an amount which, together with all the
Shawnee to Sandusky, Ohio../ 373 xOhto & Little Kanawha Br—
debts of the Railroad Co., after deducting therefrom the'bonds re­
Pittsburgh Junctlqn RR-------6 xMahonlng Valley Western Br_ 43 prior
served under the provisions of tho mortgage to retire prior debts at maturity,
P. L . E . A W . V . S y s . 4% Af.(*l.643m.)
shall
not
exceed 3 times the then outstanding capital stock, £1^, the addi­
Total
of
all
(adding
other
lines
West Virginia & Pittsburgh... 177
J
in
c i . ill
cu m o cvccu—
1)0 1 0
tional limitation that when the aggregate amount of theLbornls ^ tetandlm?
incl.
In in
income
acct_______ 4,515
• Includes 379 m.. also covered by Pitts. Jet. 1st M. a See this company. and the bonds reserved to retire prior debts shall bo $600,000,000, no addl
tional amount of bonds shall thereafter be issued, except the bonds so re­
x The company has purchased these lines.
_
The purchase of the Cin. Hamilton & Dayton main lino with branches served to retire prior debt, without tho further consont of tho stockhoblera
and leased line, per plan effective In June 1916, will add about 400 miles to of the railroad company, and such additional bonds maV b° ‘^ued onW to
the road operated. See below and Cin. Hamilton &
°* on*? an amount not exceeding 80% of cost of work dono or property acquired.
Also owns Sandy Valley & Elkhorn Ry. V. 95, p. 889; V•100-P- 307.
C incinnati-Toledo D i v . Is! 4s o f 1916.—Seo ” Cln. Ham. & Day. Ry.
Owns B. & O. Chic. Term. RR., $8,000,000 stock and $32,000,000 of lt«
Equipment bonds of 1915, seo V. 102, P- 2341; V. 103. P-144. Equip­
4 % bonds. See below. V. 90, p. 166, 1101.
trusts of 1917, V. 104, p. 1386. Jamison.C..& G. Co. car trusts,
HISTORY.—Receivers were appointed in Feb. 1896. but In 1899 reor­ ment
guaranteed
p. & 1. by B. & O., V. 103, p. 410.
ganized without foreclosure, pa- plan In V. 66. p. 1235. See also V. 67.
FINANCES.—In Dec. 1915 sold $60,000,000 Ref. & Gen- M. 5s to tako
p. 688. 1206, 1356: V. 95, p. 681. 1121, 1744; V. 96. p. 134; V. 97. p. 363.
Control o f the Cincinnati H a m ilton A D a y to n .—As to the readjustment plan
up the $40,000,000 4)4 % gold notes of 1915, &c. V. 101, p. 1884, V. 102,
of tho Cincinnati Hamilton & Dayton (seo that co. and V. 103, p. 1991), d 1346. In March 1917 sold $10,000,000 equipment bonds. V. 104, p.
Pres. Daniel Willard, Oct. 26 1916 (V. 103, p. 1991), said: A conservative 1386 Ground rent liens Dec. 31 1916. $2,014,483. Real estate mtges.,
estimate places the value of tho securities of tho New Co. which your com­ $1?022,310. In March 1917 sold $10,000,000 equipment bonds.
pany Is to receive under the plan at $25,000,000. The operations of tho
EARNINGS.—4 mos.,{1917......... Gross, $38,424,318; not, $8-406,803
properties embraced in the plan for tho year ended Juno 30 1916 show a sur­
Jan. 1 to April 30. \1916......... Gross, 35,081,245. not, 8,087,093
plus available for rentals and Interest in excess of $1,800,000. Deducting
EARNINGS.—For 3 months ending March 31 1917:
interest charges on the $16,250,450 of new Baltimore & Ohio Division Bonds
Gross
earnings
$28,130,774 Gross incomo--------------- $0,647,714
to be Issued under the plan and the rentals and interest charges on under­
lying securities which are not disturbed, would leave a balance of over Ne^af tertafei. 1111111 4 P24 i.334 Interest, rents &c.......... 5.620.377
$600,000, and it is anticipated that somewhat larger earnings will accrue to Other income................ 1,723,3801Balance, surplus........... 1,027,337
your company when It can have a direct interest in the operations.
REPORT.—ForJyear 191o-16 soo V. 103. p. 1976, 1988; for cal.fyoar
READING CO.. &c.—In 1901 $68,565,000 (virtual control) the *14<L- 1910. V. 104, p. 2225.
000.000 Reading Co. stock, consisting of $12,130,000 1st pref., $28,530,000
Yea r note ends D e c . 31.----Y ea rs end. D e c . 31— -----Years end . J une 30---2d pref. and $27,905,000 com., was acquired Jointly with the New York
1916.
1915.
1915.
1914.
Central RR., each co..taking one-half, Dut in 1904 each sold $3,950,000 Afilps
4,545
4.533
4,535
4,515
of the common. V. 76, p. 101: V. 80, p. 1856.
Freight----- " I I —"."$91,891 921 $79,255,266 $70,780,808 $76,398,717
Passenger
"
!
...........
16
169
173
13,982,463
14.059,940
15,889,991
STOCK.—Pref. stock, see V. 71, p. 1166, 1143: V. 72. p. 1186.
Mall expr^. &c......... 8,907,788 7.479.937 6,975,043 0,875,302
DIVID8—
1900. 1901-1904. 1905. 1906. 1907-1914. ’ 15. ’1_6 *17.
Common (%)___ 2
4 yearly.
4H 6)4 6 year y. o o. 2)4Total gross............. $116,968.882$100 717,666 $91,815,798 $99,164,010
Preferred_______ 4
4 yearly.
4
4
4 yearly. 4 4, 2-




Food du LftCj

^Farwell

WlUo,

M'LWAOKEE fggX

[Rock/ord'

iVENPORT.
Khecotfoe.

Joduooj
I' >«n

'AdrCSF

,Sterling
Mendota)

Joliet,

*M
TJEWE1
iShclbj

wmutwport
wanes-

>cuM
iot
/onto*

Peoria^
PckJ

lK>v.rj

fllUyJe.
darrlai,,
Cartauj.^,

n«t•
*•j»n
-i«*1

Quincy
m —•
f C
wlUI.

S5
^
a -.y

jE fi [W
malowJ
prWjCMINGTOI Njcv‘
/ATLANTIC
■oW»nCitr,
tk. UleCitS^

Ay

r>4164i««<'*» SatUi

'* &
s
obohtb
,’fceBh«»c

HUMlWt

OAt/Ow'.t
^FCRSONVILLC
~>vJEYankfoi
LEXINcVdl
Wcle' iDaarlBo

52^S»r|>>e.V‘
\ WQJiamavili^
\ PoplarBlufTp

3^n e w
rAM
T
rentoiy'
a
OtM
/

m
NatanJBi
tRoanoke,
WaJtoo

|NortoorQJ,\

\knote\J'’

m

^ y r

& ''/i

1

j y

/p

“ L ,*

gSg?

^^^WORFOLK

A/

/

Daovillet
'Bristol*"

»*>•/«
V f NASHVILLE

V F-virOa&l

KNoxvatt-

lCot•ih'

Tupelo>

M
rOOBVT.o

JEtowT]
Inuntsvill
fit And

JlaJeyTDl*

Mattmom
Birmingham?)

IATTAMOOCAj
JlomA

Bro©kh»T#t,J




lamlet
rtuMINCTOH

^crsraio

>ndale

Athens

Columbli

IACON
jlnnohna
^tnerien*

.Hont^onrtf;

Andalasla(

Orark

CHARLE9TON
Y.z?' |~

A mm* L>

Tiflon^
ThomaarlliJ*

’sAVannah'
B runswick

!
y 4 !

F

Carl«l«

[Yicksbuf
Farkson

W*jft

'Morphy
lWrfhana(

/

WroJ^ayS^rS-.xA »
jwrjon

Dayton,

XBrinklev

S T l-

Norllnai

W
Mtfe;
6aW

/
/v '

/

v

/

v
B A L T IM O R E a O H IO
SYSTEM
Baltimore 8 Ohio R.R.
Baltimore a Ohio Southwestern R.R.
Baltimore a Ohio Chicago Terminal R. R.Co
Cincinnati. Hamilton a Dayton Ry Co
and Connections

Miles Date
Road Bonds

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
B a l t i m o r e & O h i o ( Concl)
pp
,
O h io R i v e r 1st M g ............- 7. - - . r - - .............
G e n e r a l m t g e g o l d 1 s t o n 3 9 m il e s --------------- p p 'x o *
R a v S p A G1 1 s t M g g u a r p & 1 ...................... b F . x o
H u n t i n g t o n & B ig S 1 st M g g u a r -----------------------x c
P l t t s b Cl A T o l 1 st M g - - - - - - - - - - - - - - - r - : Tf7- - ' ,
P i t t s & W e s t 1 s t c o n s M g t o b e p a i d o f f J u l y 1 l< x o
B l l w o o d S h o r t L i n e 1 s t m t g e g o l d ------- - - - - - - - u x
W V a A P 1 s t M g 5 s s c a l e d , r e d a t p a r — M e .B a . x c

o o l f c H

- i a r s m

o y o y ^

Amount
Outstanding

Rate

$ 1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0

$ 2 ,0 0 0 ,0 0 0
2 .9 1 1 . 0 0 0
■ 3 4 4 ,0 0 0
2 9 6 .0 0 0
4 4 1 .0 0 0
6 5 0 .0 0 0
3 0 0 .0 0 0
3 .8 7 7 .0 0 0

5 g
5 g
6 g
6 g
6 g
4 g
5 g
4 g

9
13
37

1903
1893
1909

1 ,0 0 0
1 ,0 0 0
500

5 .0 0 0 ,0 0 0
5 1 1 .0 0 0
5 ,0 0 0

4 g
4 «

s

1916
1886
1888
1910
b e in g

B a lt S O h l o V l i l f T c r i t i R R — 'cV & g T w ia t M V a V s ; d . v l £
C i t y o f C h ic a g o p u r c h a s e m o n e y m t g e a s s u m e d — .
F i r s t m o r t g a g e $ 5 0 ,0 0 0 ,0 0 0 a u t h o r i z e d . - - — ■ - - - *
a “ T o t a l I s s u e d ” s h o w n In fir s t l e f t - h a n d c o l u m n , b a
B a lt i m o r e & P o t o m a c — S e e P h lla ^ nanltn ^ 0 ^ f . s^ ln g t
i if i n v o r & A r o o s t o o k — S t o c k 3 5 ,0 0 0 ,0 0 1 ) a u i n - — - F ir s t m o r t g a g e ( $ 1 6 , 0 0 0 p e r m ile ) g o l d ------S e c o n d m o rtg a g e g o l d - „ - - - - - - - - - - - - - - - - U s m i i
F ir s t m t g e P is c a t a q u i s D l v 5 1 . 500.000 g - - ( i . x x o
V B u r E x t 1 st M $ 5 0 0 ,0 0 0 g ( V 6 9 . P 9 5 2 ) - Q . x x o
A r o o s t o o k N o r t h e r n 1 s t M $ 2 2 5 ,0 0 0 g o l d — Q .x x o
C o n s o l r e fu n d i n g m t g e $ 2 0 ,0 0 0 ,0 0 0 g o l d - - - O B . x c
M e d f o r d E x t 1 s t M $ 1 , 0 0 0 . 0 0 0 g ( y 8 4 . p 6 9 2 ) U s .m o
W a s h b u r n E x t 1 s t M g ( V 9 0 , T> 8 4 8 , 9 1 3 ) - C e . c x x & r
S t J o h n s R lv E x t 1st M $ 1 ,8 0 0 ,0 0 0 g u a r C e .x x o A r
T w o - v e a r 5 % c o u p o n n o t e s $2,ouO *(X )u - - - - - - - - - ­
C a r t r u s t S e r E - F $ 1 9 ,0 0 0 o r $ 2 0 ,0 0 0 y e a r l y . . .
Guaranteed by Bangor i% Aroostook
N o r M e S e a p o r t 1 st M g u a r p A 1 e n d T-f- u fs P?-c„ * $
V a n B u r e n B 'g e 1 s t M g g u p A i e n d r e d t e x t U s m . c
B a t h & H a m m o n d s p o r t — F ir s t m o r t g a g e -------------------- z

211
211
77
33
15 H
412
28
55
60

R a v °ofn O u i n t e? f f y — 1 s t M 'g o l d " s * f r e d *1 0 5 t e x t 11
B e a u m ’ t°& Q t N o r — 1 s t M g $ 1 7 ,5 0 0 P m r e d 1 0 2 H - 0

49

54

1 ,0 0 0
ow ned

4 0 0 ,0 0 0
3 9 4 .0 0 0
6 5 0 .0 0 0
3 2 ,0 0 0 .0 0 0 S e e
y B a lt i m o r e A

Last Dividend Places Where Interest ank
Dividends are Payablt
and Maturity

When
Payable

%

1886
1887
1890
1892
1882
1887
1892
1890

Leased Lines and Other Securities—
p W

Par
Value

166
208
32
11
48
201
3
177

S c h u y lk i l l R i v e r E S R R 1 s t M g g u a r p A l e n d o r . x
S t a t e n I s la n d R y 1 st m t g e $ 1 , 0 0 0 , 0 0 0 g o l d . , P a .z c
f r ^

[Vol. 104.

RAILWAY STOCKS AND BONDS

12

June
Apr
Aug
J u ly
O O ct
J J u ly
J Jan
O Apr

A
&
A
A
A
A
&
&

J

D
O
A
J

M
4H
5 g
M
5
text A
O h io

& N
A
D
A N
A
O

100
1 ,0 0 0
1 .0 0 0
1 .0 0 0
1 .0 0 0
1 .0 0 0
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 .0 0 0

3 , 4 4 8 . 6 0 0 3 In 1 9 1 6
5 g
3 .3 6 0 .0 0 0
5 g
1 0 6 .0 0 0
5 g
1 .5 0 0 .0 0 0
5 g
5 0 0 .0 0 0
5 g
2 2 5 .0 0 0
4 g
8 .4 3 1 . 0 0 0
5 g
1 , 0 0 0 ,0 0 0
5 g
1 . 6 5 0 .0 0 0
5
1 . 8 0 0 .0 0 0
5 g
2 ,0 0 0 ,0 0 0
s c m l- a u n
5
1 2 0 .0 0 0

1905
1914
1889
1893
1902
1909

1 .0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0

4 .7 4 3 ,0 0 0
2 5 0 .0 0 0
1 0 0 .0 0 0
2 0 0 ,0 0 0
8 3 0 ,0 0 0
8 8 3 ,0 0 0

OF

5 1 8 W a l n u t S t , P h lla
17 S ta to S t . N e w Y o r k
N Y , F a rm L & T r O o

D June 119 25
D J u n e 1 1943
J J u ly 1 1934

ft

1893
1895
1899
1899
1897
1901
1907
1909
1909
1916
’ 1 1 -1 5

BAY

O ffic e , 2 W a ll S t, N Y
do
do
do
do
do
do
do
do
J P M organ A C o, N Y
C o ’ s o f fic e , 2 W a ll S t , N 1
do
do

1936
1937
1920
1922
1922
1 1917
1 1922
1 1990

1
1
1
1
1

A
M
J
A
J

5 g
6 g
5
5
5 g

A
&
A
A
&
A

J

6g

O U 1N TE

1 9 1 8 t o ’ 21 U n io n T r C o , P i t t s , P a
B a n k ers T ru st C o, N Y
1 1936
T o C it y o f C h ic a g o
1 1938
1 1960

M ay
June
M ay
Apr

„
„
J u l y 2 1 9 1 7 2 % C h e c k s m a ile d
G uar T ru st C o, N ew Y ork
J a n 1 1943
do
•
do
J u ly 1 1945
do
do
Jan 1 1943
do
do
J a n 1 1943
do
do
O ct 1 1947
L e o Ilig g in s o n & C o .B o s t
J u ly 1 1951
do
do
M a y 1 1937
B row n B ros & C o , N Y
A u g 1 1939
do
do
A u g 1 1939
B o s t o n O ld C o l o n y T r u s t
A p r 1 1918
P e n n C o fo r I n s ,A c ,P h lla
T o 1 9 2 1 -1 9 2 5

O Apr
Sept
June
Apr
Jan
J u ly

s

l)
O
J2
J

R Y .— O w ned

1
1
1
1
2
1

B row n B ros & C o , N Y
do
do
6 0 C h u rch S t. N ew Y o rk
do
do
C an B k o f C o m . T o r -N Y
61 B r o a d w a y , N e w Y o r k

1935
1934
1919
1923
1927
1939

D esoron to

to

Sydenham ,

2 5 nViles

— Years ending Dec. 3 1 -------- Years mding « 7 u n e 3 ° —
R E P O R T [Concl.)
O p e r a t in g e x p e n s e s .

" .$ 8 4 1 4 6 0 ,2 9 3 $ 6 7 1652,*602 $ 6 3 ,9 2 5 .5 0 8 $ 7 4 ,4 0 3 ,3 8 9
________ __ ___________________ ____

m .o

^ lli

r e s e r v e d f o r e x t e n s io n s a t S 10,000 p t r n n

T o t a l n e t i n c o m e -------* 3 4 . 5 6 5 ,2 7 7 S 3 4 .9 3 7 .6 0 7 $ 2 9 ,8 4 2 ,5 4 5 | 2 7 . 0 5 7 . 1 o 8
In te re st ren ts, & c
$ 2 1 ,9 9 1 ,9 1 6 $ 1 9 ,4 1 8 ,2 2 1
* 2 ,3 5 4 .5 2 1
C

7& 22S

o ™

“ B

®

(5 )7 '.5 9 7 ,2 5 3 (0 ) 9 , 1 1 8 , 7 0 2

B a la n c e , s u r p lu s . . . . $ 2 ,6 1 1 , 6 0 9
$ 5 ,5 6 7 . 6 3 4 s u r .,8 7 7 1 ,4 7 4 d f 8 2 2 7 2 829
E x e c u t i v e C o m m i t t e e — D a n i e l W i l l a r d . C h a ir m a n ; P r e s . , D a n i e l W illa r d ,
V l ^ P r e s i d e n t s G . M . S h r lv e r A r t h u r W
T h o m p so n J ^ D a y i s and
F . C . B a tc h e ld e r ; T r e a s ., E . M . D e v e r e u x ; f e e . , O . W . W o o u o r a .
D i r e c t o r s . — R . B r e n t K e y s e r , R o b e r t G a r r e t t , F e l i x M . W a r b C h a r le s A .
G . M u r r a y , J a n ie s S p o y e r , W . A v e r i l l l l a r r i m a n , L . 1 . L o r e i 'd ia p p , C l n P e a b o d y , J o h n G . S h e d d , J o h n I t . M o r r o n . N . Y . , !,• • ._ __ , y
jq j
j,

-

$ 5 0 ,0 0 0 r e t ir e d

L . W . M it c h e ll.
O f f i c e , T o r o n t o , O n t . — ( V . 1 0 4 , p . 2 0 b .)
B E A U M O N T & G R E A T N O R T H E R N !^ R .— O w n s U v ln ig t o n . T e x . ,
t o W e l d o n , 4 9 . 3 m ile s .
S t o c k , 8 5 0 .0 0 0 , a ll a t q n r e u 1 1 r y i z
^ ln t e r e s t ,
h a s a u th o r ity t o p u rch a se th e sa m e , A c .
V . 9 5 , P- 1 1 2 1 . V - 0 8 . P- J J L
n p c r u r o F P K D R — (See Maps New York Central L in e s .)
B O A iJ .
H V f V u i &f o r 9 9 9 ™ e a r s a t i n t . o n b o n d s a n d 4 % o n s t o c k a n d s in c e M a y 1
18 9 9 O p e r a t e d d i r e c t l y a s a p a r t o f it s P e n n s y lv a n ia d l v t e io n . V . 6 8 , p .
C a r r ie s m o s t l y c o a l a n d c o k e .
S e e ^ g u a n i n t y , V . 52_, p . 5 0 . fc 9 (_q

872.
s i s t s ^ Y p i E & S g e r a n d ” e ? g h t ‘ t e r m in a ls
o f la n d ln
le a d i n g t h e r e t o a n d a b e lt lin e a r o u n d t h e c i t y : also 760 a c r e s o i i a u u m
a n d a d j a c e n t t o t h e c i t y , o f w h ic h 5 0 a c r e s a r e In t h e c e n t r e o f t h e b u s in e s s
d i s t r i c t ; a ls o I n c lu d e s 7 . 5 0 0 f e e t o f d o c k p r o p e r t y o n C h ic a g o
.
in feea ll l a n d . I n c lu d in g t h a t u p o n w h ic h t r a c k s h a v e b e e n b u i l t . Is o w n e d
4 3 a7 f m

^ n S . " ‘j& fm .

V0n5 2 p r 5 7 o X
m
byN
Y C e n t o ll^ o ii c o n s o l f d a t i o n . D e c . 2 3 1 9 1 4 .
G uar2anPtee5s70in te re ^ t o n $ 7 1 7 700[ C l ^ r f i c l d B i t u m i n o u s i C o a
1st 4 s d u e
J a n . 1 1 9 1 0 — s e e t h a t c o . u n d e r “ I n d u s t r i a ls . — ( V . 7 o. p . 1 J J » - )
o p e f u f - p F F K E X T E N S I O N R R .— (See Maps N . Y . Central Lines.)

T o t a f m l f e a g o o p e r a t e d , 2 9 0 n'liles '
c o n s o l 4 s ) f o r 9 9 9 y e a r s f r o m J u n o 1 1 9 0 5 , b o n d s b e in g g u a r . , p . A 1.
O f th e
c o n s o l s . S 3 , 5 0 0 , 0 0 0 is r e s e r v e d t o r e t ir e $ f o r $ o
^ 8 0 ^
74.
1 4 7 9 ; V . 8 1 , P - 3 0 : f o r m o f g u a r a n t y . V . 8 2 , P„-01 J b / ; 9f, 7 S? u m c u
y
C e n t r a l o n c o n s o l i d a t i o n . D e c . 2 3 1 9 1 4 .— (V . 8 2 , p . 12
•)

f f l m ^ n l m u m 9r e n t a l s f ? o m ten a n ts9 $ 1 , 1 0 5 . 3 2 5 a n n 'u a i l y .

’ V . 7 9 . p . 2084

B O N D S . — O f t h e 1 st M . b o n d s o f 1 9 1 0 . $ 2 8 .0 0 0 ,0 0 0 ( I s s u e d a s .s e r ie s A 4s
w e re g i v e n t o t h e B a l t . & O h io t o r e p r e s e n t t h e c o s t > o f t h e p r o p e r t y ,
anri ^ i n o n n on h a v e s i n c e b e e n p u r c h a s e d b y t h e c o m p a n y .
S*LUUU*
a d d it i o n a l s e r ie s A 4 s t o b e is s u e d w h e n r e q u i r e d f o r n n n 'f o V e x t e n s i o n s ,
$ 1 ,2 0 0 , 0 0 0 r e s e r v e d t o r e t ir e t h e o l d b o n d s a n d $ 1 3 .8 0 0 .0 0 0 f o r
I m p r o v e m e n t s a n d e q u i p , t o b e a r n o t o v e i 4 yi ^ m t .
.
. P

8 9 0 ,2 6 4

$ 1 ,4 0 3 ,0 6 1

and

Balance

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 9 1 6 :
1 9 1 6 ...................... 8 1 . 8 6 2 . 3 5 7

$ 1 . 6 0 8 .5 9 4

^

. 2 6

im e

9

dv

n n M O N T G O M E R Y .— O w n s r e a l e s t a t e a n d a b e l t lin e

c r o s s e a r n in g s I r o m

o th e rs th a n th e A tla n tio

‘ f f l a w
V a n ^ lB i? e n !S v it h d bvsf? u n M ^ D e c ^ H
® 25^^ m ^ ^ 68
B r i d g e o v e r S t . J o h n R i v e r a t V a n B u r e n , M e , c o s t i n g a b ° u i | 2 b u .u u ib
w a s o p e n e d M a y l 1 9 1 5 . giving c o n n ^ i o n v i a I n t e r c o l o n i a l R y . .
1
l u m b e r r e g io n in C a n a d a .
V . 100, p . 1591, 311, V . 101, pO R G A N I Z A T I O N .— See V . 6 6 . p . 855 .
O w n s (e n t ir e , s t o c k . o f
fo r 9 9 9 y e a r s N o r t h e r n M a i n e S e a p o r t R R . . L a G r a n g e t o s t a r s p o r .
6 4 .1 m ile s .
V . 8 1 . p . 1549; V . 8 4 , p . 6 9 3 .
____
S T O C K .— In 1 9 1 4 a u t li. in c r e a s o $ 3 ,1 9 8 ,6 0 0 t o $ 5 ,0 0 0 ,0 0 0 ; V . 9 9 , p .l l o U D IV t.

190 4. 1 9 0 5 . 1 9 0 6 . 1907 t o 19 1 2 . 1 9 1 3 . 191 4. T 5 .
f ,t t . 5. . v c

a c q u ir e

such

c o n t r o ll e d r o a d s ;

v . s r e r w
$ 3 ,0 0 0 ,0 0 0 . ^

T6.

r‘ S t a " . l u “ ‘ ‘ “

J .«

n p iv in P D F

B

W

J S s a ''
•§• vv ' i t j s . .

i W

i

s o u th e r n R R .;

ren ts! g u .r » o .

“ * ■> "•
« 4%
1 " O il! t o 1 9 1 0 .
R R .— O w n s fro m T r e n t o n . N . J .. t o M »-

HFI A W A R E

“ P r o v e m e n t s o v « a s e r fw

S

is

s h a res o f N o rth e r n T e le g r a p h C o . s t o c k v
vPea^ c o ll a t e r a l
b o f o r o M a y 1 1 9 1 7 a n d r e p l a c e d in p a r t b y $ 1 , 0 0 0 , 0 0 0 5 / 0 2 - y e a r c o ll a t e r a l
g o ld n o tcs d u e M a y 1 1919.
O ld C o l o n y T r u s t C o . , t r u s t e e .
V . 104. p .
1803.
V . 94, p . 1382; V . 9 5 , p . 2 3 7 .
L A T E S T E A R N I N G S . — ( 1 9 1 7 ..................G r o s s , $ 1 , 6 9 1 , 4 0 6 : n e t , $ 5 2 2 ,6 5 8
4 m o s . , J a n . 1 t o A p r i l 3 0 . \ 1 9 1 6 -------------- G r o s s , 1 ,4 3 8 . 6 4 2 , n o t
->39 .7b 2
REPO RT
F is ca l y e a r n o w e n d s D o c . 3 1 .
F o r 1 9 1 6 , s e o V . 1 0 4 , p «1 6 J b *

Bond

Dividends

s
S

S

S

’ &
S

T

K
g

^

s

H
r

u

* —
n

t

e

e

d

»“ •

b g tb o u n ite d

N e w J e r s e y R R . * C a “ a» C o -ros^ u | r2a f}^ ; ; 0 o $ ;7 o D o r / h m . . $ 3 5 7 ,3 6 6 : o t h e r
i n 5 ^ ^ ^ t a t . “ A S k f f i M
^
JHVS. m
$ 5 0 ,1 2 0 ;
s u r . 8 1 3 6 ,5 5 9 - — ( V . 9 8 , p . 1 5 4 ; V . 1 0 0 , p . 2 2 8 , V . IU 2 , p . i o o j .;
n 'c M M D T T C V i i i P Sc C H F R A W R R . — O w n s K o l l o c k s , S . C L . o n S e a h o a r d T i ^ I T n l lVaL B e n r.e t t s v U lo a n d B r o w n s v i ll e , t o SellOTS o n A t l a n t i c
O o « t L in e . 4 5 W l « . " P u r c h a s o l b y p resen t o w n e rs a b o u t M a rch 1 0 0 7 .

V . 0 2 . p . 1 1 6 . . ^ . ^ ^ i S - o U ^ d i v s ' ^9%)\ $ 2 2 ,5 0 0 b a l . ; d e f . ! $ 1 1 ,1 1 6 .
P ?es°°w : E
E d w ards.
O ff ic e . B e n n e t ts v illo .
9

n c c c c « 9p

o * X-1 1

a

K F F R 1 E R R .— L ea ses fro m P itts b u r g h B ossom er A

Baance

1 Q ? 6 a r , S 4 D IS C O S $ f 4 1 2 0 6 7 S V O B li $ 0 2 5 2 5 6 0 ( 3 ) $ 1 0 3 4 5 8 $ 3 9 ^ .5 5 4
1Q14
^3 748 08 0 $ 296 07 3
2 0 4 :5 2 9
1 2 5 3 5 5 9 (3 ) 1 0 3 .4 5 8
1 4 3 .5 8 5
1 9 l»5r o s :. P e r c | 'R T o d d - ( V . 1 0 3 , p . ^ 3 , 1 5 0 4 ; V . 1 0 4 . p . 1 6 9 0 . 1 8 9 8 .)
B A T H & H A M M O N D S P O R T R R - r r B a t h , N . Y .; t o H a m m o n d s p o r t .
N . Y . . 1 0 m ile s .
C o n t r o l a c q u i r e d b y E r i e R R . in 1 9 0 8 .
st0 C K *
F o r c a l. y e a r 1916. g ross $ 3 8 3 3 2 ; n e t $ 7 .0 1 4 ; o th e r I n c o m e . $ 2 2 6 .I n t ..
r e n t a l s . A c . . $ 1 8 ,5 0 6 ; b a l . . d e f . . $ 1 1 ,2 6 6 — ( V . 7 9 . p . 1 9 o 4 .)




n

'1 7

g u a r a n t e e d , p r i n . A i n t . . w e r e Issu e d a t $ 30,000 n e r m ile
V . J.i, p .
I n A p r i l 1 9 1 6 $ 2 ,0 0 0 ,0 0 0 o f a n a u t h o r i z e d $ 2 , 5 0 0 ,0 0 0 0 % 2 - y e a r n ° c c s
w a s s o l d t o r e p l a c e m a t u r in g n o t e s a n d f o r i m p r o v e m e n t s .
V . 102, p.

Other

09

S l S / f g J g o t t u s S o . U n io n T r u s t C o . . I n d t a n w o l s .
T . 89. p . 40. V . 94.
P r e s . , 8 . E . R a u h , I n d i a n a p o li s , I n d . — (V • 1 0 2 , p . l^ i v ) .)
b e l t
R A I L W A Y (O F C H A T T A N O O O A t — O w n s 4 9 m i l e , o i b e l t

S

C a L * 0 j* a tin T

v

C o a s t L in e R R . o w n s m a j o r i t y 9 ^ n$«2
g r ^ ’s $ 2 0 .M O ? n e t T S S ^ e i ) i
1 2 4 2 ; V . 9 3 . p . 4 3 . Y e a r e n d in g J u n e 3 0 199 1Uib . K
jo s s . * z u . o i u . u « > . * .
.
inV n n b o n d s S 1 2 .2 5 0 ; b a l . , n o n e . — ( V . 9 3 , p . 4 3 . )

v

«2

n

160.

F o r y e a r e n d i n g D o c . 31 1 9 1 6 , (2UO

« o iV i

aoa.

%0i ° i # o ^ k ^ ( r^ nt94l! - ^ c iG a ^ ; v ‘. *1 0 2 :
p . 1 9 8 6 . 2 1 6 5 .)




B e e ch C re e k — S to c k (g u a r a n te e d 4 % b y e n d o rs e m e n t)
F ir s t m o r t g a g e g o l d g u a r p & 1 ( e n d o r s e d ) C o l .x o & r
S e c o n d M fo r 5 1 ,0 0 0 ,0 0 0 g g u a r p & 1 (e n d ) - U n ^ o & t
B e e c h C r e e k E x t e n — 1 s t M $ 4 , 5 0 0 , 0 0 0 g g u p fio K i.x o *
B e e c h C r e e k c o n s o l M $ 2 0 ,6 0 0 ,6 0 0 g g u p f i t l ,P , 0 , & r
B e liln g h & N o r — B B & B G 1st M $ 1 .0 0 0 j0 0 0 a » f - z
B e lt L in e R y . M o n t g o m e r y — 1 s t M g o l d fS,9PnrSi
B e lt R R & S t k Y d , I n d — S t o c k a u t h $ 2 , 0 0 0 , 0 0 0 - - .
P r e f e r r e d s t o c k c u m u l a t i v e --------------------------------------- ,
1 s t r e fu n d i n g M $ 1 , 0 0 0 , 0 0 0 g o l d -------------x o
B e lt R y o f C h a t t a n o o g a — F ir s t m t g e g o l d - . M e B a . x o
B e l v l d e r e D e la w a r e — S t o o k $ 4 . 0 0 0 , 0 0 0 - - - - - - - - - - C o n s o li d a t e d ] g u a r a n t e e d b y U n it e d C o s s k f d _ _ x r
m o r t g a g e [ g u a r a n t e e d b y U n it e d C o s sk f d _ . x r
o f 1875
[is s u e $ 6 0 0 ,0 0 0 r e d u c e d b y s k f d , . x r
$ 4 , 0 0 0 , 0 0 0 J g u a r a n t e e d b y U n it e d C o s e k f d . x c *
B e n n e t t s v l l le & C h e r a w — 1 s t M $ 1 5 0 ,0 0 0 g — M e B a
B e s s e m e r & L a k e E r ie — E r ie e q u i p m e n t t r u s t .......... x x
S t a n d a r d e q u ip t r u s t .............. ......................................... - - - x x
B e s s e m e r e q u i p m e n t t r u s t , d u e $ 1 1 0 ,0 0 0 y c a r l y . x x
O o n n o a u t e q u i p T r u s t ------------------------------------------------------M e a d v l l le e q t r d u e $ 5 5 ,0 0 0 y l y . - - - - ----------------------«
A l b i o n e q t r d u e $ 7 5 ,0 0 0 y r l y t o 1 9 3 2 ------- - - - -------- x x
E u c l i d e q u i p t t r u s t d u o $ 2 5 0 ,0 0 0 y r l y b e g 1 9 2 4 - - .
G ir a r d E q u i p t r u s t d u e $ 2 4 0 ,0 0 0 y l y b e g i n 1 9 1 8 ------B i r m i n g h a m B e l t — S e e S t L o u is fit S a n F r a n c i s c o
B lr m ’ h & S o u t h c a s — 1 s t M $ 3 .0 0 0 0 0 0 K
107 H -C c x
G e n e r a l a n d e q t M g o l d r e d 1 0 1 * 1 . 5 0 0 . 0 0 0 ------C o l
B i r m in g h a m T e r m i n a l — 1st M $ 3 ,0 0 0 ,0 0 0 g o l d g u m r .x
B l o o m s b u r g & S u lliv a n R R — 1 st U - - - - - - - - - — F P *
S e c o n d m o r t g a g e I n c o m e n o n - c u m $ 2 0 0 .0 0 0 — F P x
B o o n v i l l e B r i d g e — S e o M is s o u r i K a n s a s & T e x a s R y
B o o n v ilie St L & S o u t h R y — 1st M g g u r e d 1 0 7 > 4 - - E q
B o s t o n fit A l b a n y — S t o c k ($ 2 5 , 000 ,0 0 0 a u t h o r i z e d ) —
B o n d s ( n o t m o r t g a g e ) g u a r a n t e e d p r ln a n d In t
zo
B o n d s (n o t M ) $ 1 ,0 0 0 ,0 0 0 ( V 7 1 .P 1 2 1 8 :.y 7 2 ,p 4 4 ) z
I m p t b d s (n o t m tg e ) $ 4 ,5 0 0 ,0 0 0 d u e 1934 g u p & i .z
I m p t b o n d s ( n o t m t g e ) $ 1 , 000,000 g u a r . p . & 1 z
do
do
d o $ 2 , 0 1 5 , 0 0 0 g u p f i c l .z c ’ ficr
B o n d s ( n o t m o r t g a g e ) $ 3 , 6 2 7 , 0 0 0 . g u a r p & l.z c jN k r *
B o n d s S I ,0 0 0 ,0 0 0 p r o p o s e d in 1 9 1 7 ( V 1 0 4 .p 2 4 5 0 ) - -

164
161
164
56
135
A ll

1.000 &o
1.000 &o
1 ,0 0 0
1 ,0 0 0
50
60
1 ,0 0 0
1 .0 0 0
50
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0

1885
1887
1893
1903
1911
1902
1905
1907
1909
1911
1912
1 91 4
1916

1 0 0 &0
100
1 ,0 0 0

1911

1 ,0 0 0
100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0

1 0 0 &0

1,000 ficc

B I N G H A M C E N T R A L R Y . — S e e O h io C o p p e r M i n i n g C o . In V . 1 0 4 ,
p . 1391: V . 103, p . 1122, 1415. 2237.
B I R M I N G H A M & A T L A N T I C R R .— See p a g e 199.
B I R M I N G H A M & N O R T H W E S T E R N R Y . — J a c k s o n , T e n n ., n o r th ­
w e s t e r l y t o D y e r s b u r g , 4 9 m ile s .
E n t i r e s t o c k ( $ 3 0 0 ,0 0 0 ) a n d b o n d s
( $ 8 0 0 ,000 ) w e r o d e p o s i t e d a s s e c u r it y f o r $ 4 5 0 ,0 0 0 3 - y e a r c o ll a t e r a l t r u s t
g o l d n o t e s o f t h e B l r m . fit N o r t h w . C o . ( o f D e l a . ) , g u a r . p r l n . & i n t . b y
M e r c a n t ile T r u s t C o . o f J a c k s o n . T e n n .
T h e s e n o t e s w e ro p a id M a r c h 1
1916
V . 9 6 . p . 1295.
J u n o 3 0 1 9 1 5 -1 6 , g r o s s , $ 1 1 9 ,7 4 0 ; n o t , $ 2 2 ,4 6 6 .
I n 1 9 1 4 -1 5 g r o s s , $ 1 0 1 ,8 3 9 ; n e t , $ 5 ,7 5 8 .
„
_
„
,
P res
A . B*. T I g r o t t ; V i c e - P r e s . , O . W . M c N e a r ; S e c . , R . F . S p r a g ln s
T r e a s ., J . E . E d e n to n .
O ffic e , J a c k s o n , T e n n .— ( V . 1 0 2 , p . 6 0 8 ).
B I R M I N G H A M & S O U T H E A S T E R N R Y — O w n s U n io n S p r in g s t o
E c l e c t i c . A l a . , 4 8 m il e s . V . 9 4 , p . 1 3 1 6 . I n t e r e s t o n t h e 1 st M . b o n d s h a v i n g
b e e n d e fa u lt e d N o v . 1 1 9 1 6 . a p r o t e c t iv e c o m m it t e e w it h G e o r g e C . V a n

1316.
J u n e U3 0 * 1 9 1 5 -1 6 . g r o s s ; $ 1 0 5 , 8 1 8 f n e t , $ 3 2 7 0 4 7 .
I n ‘ 1 9 1 4 -1 5 . g r o s s ,
$ 9 6 7 7 8 - n o t , $ 3 2 ,'3 1 1 .
P r e s . . \V. M . B l o u n t . U n io n S p r i n g s , A l a . —
( V . 9 4 , p . 1 3 1 6 ; V . 1 0 3 , p . 1 8 8 7 , 2 3 4 0 .)
B I R M I N G H A M T E R M I N A L C O .— O w n s p a s s e n g e r te r m in a ls a t B ir m ­
in g h a m . A la .
S t o c k a ll o w n e d b y t h e I ll i n o i s C e n t r a l , S o u t h e r n R y . , S e a ­
b o a r d A i r L i n e , C e n t r a l o f G e o r g i a , S t . L o u is fic S a n b r a n c i s c o a n d A l a b a m a
G r e a t S o u t h e r n , w h ic h le a s e t h e p r o p e r t y a n d p a y a ll e x p e n s e s , ch a rg esi a n d
4 % d iv id e n d s o n th e s t o c k a n d jo in t l y g u a r a n te e th e b o n d s . O f t h e b o n d s
($ 3 , 000,000 a u t h o r i z e d ) , $ 1 ,0 6 0 , 0 0 0 a r e r e s e r v e d f o r a d d i t i o n a l p r o p e r t ie s .
V . 8 3 , p . 1 2 2 7 ; V . 8 5 , p . 4 0 4 . G u a r a n t y , V . 9 0 , p . 8 4 8 . — ( V . 9 0 , p . 8 4 8 .)
B L A C K M T . R Y . — O w n s K o n a , N . C . , o n t h e C a r o . C l i n c h . fic O h io R y .
t o E s k o t a , 2 4 m ile s .
H a s 9 9 -y e a r t r a ff ic a g r e e m e n t w it h t h e C a r o . C lin c h ,
fie O h io I t y . , w h ic h g u a r a n t e e s t h e $ 5 0 0 ,0 0 0 1 s t M . 5 s d u o $ 2 5 ,0 0 0 a n n u a l ly
b e g in n in g A p ril 1 1 9 1 7 .
S ee th a t c o . b o lo w .
P r e s ., J . B is R a y . B u rn s -

Rl '.O O M SB U R G & S U L L I V A N R R . — O w n s B l o o m s b u r g t o J a m i s o n C i t y ,
P a . , 2 9 m il e s .
S t o c k Is $ 6 0 0 ,0 0 0 ; p a r , $ 5 0 .
V . 68, p . 8 0 ,
Y ea r,
1 9 1 5 -1 6 . g r o s s , $ 9 0 ,2 2 2 ; n e t . $ 3 4 ,5 4 3 ; o t h e r i n c o m e , $ 4 3 5 ; c h a r g e s . $ 3 0 ,1 4 1 ,
b a l . , s u r . . $ 4 ,8 3 6 .
In 1 9 1 4 -1 5 , g r o s s . $ 7 7 ,4 6 4 ;— ( V . 6 6 , p . 9 5 2 .)
R f i n N V l l I F S T L O U I S & S O U T H E R N R Y . — B o o n v i l l e t o V e r s a i l le s ,
M o .? ° 4 m ilS >
L e a is k l f o r 9 9 y e a r a f r o £ I lu ly 1 1 9 1 0 t o M is s o u r i P a c i f i c ,
w h i c h g u a r a n t e e d $ 5 0 0 ,0 0 0 1st 5 s . p r l n . a n d I n t .
V . 93. p . 285.
S tock .
$ 2 5 0 ,0 0 0 ; p a r o f s h a r e s , $ 1 2 5 . — ( V . 9 3 , p . 2 2 8 , 2 8 5 , V . 9 5 , p . 9 6 8 .)
RO ST ON & A L B A N Y R R . — O w n s f r o m B o s t o n , M a s s ., t o A l b a n y , N . Y . ;
1 9 9 m ile s ; b r a n c h e s . 1 0 4 m .; le a s e d l i n e s , 9 0 m . : t r a c k , 0 . 6 m .; t o t a l . 3 9 4 m .
L e a s e d In 1 9 0 0 f o r 9 9 y e a r s t o t h e N e w Y o r k C e n t r a l fic H u d s o n R i v e r R R .
f o r g u a r a n t e e d r e n t a l o f 8 % p e r a n n u m o n t h e $ 2 5 ,0 0 0 ,0 0 0 s t o c k , p a y a b le
Q u a r t e r ly ( M c h . 3 0 . fit o .). o r g a n i z a t io n e x p e n s e s . I n t e r e s t o n b o n d s , t a x e s ,
• x D en ses o f m a i n t e n a n c e , fibo.
T h e B . fib A . r e c e iv e d f o r c e r t a in p r o p e r t y
n o t I n c l u d e d In t h e le a s e $ 5 , 5 0 0 , 0 0 0 In N . Y . C e n tr a l 3 H % 1 0 0 -y e a r d e b e n ­
t u r e s . t h u s a d d in g . 7 7 % p e r a n n u m t o 8 H % g u a r a n t e e d o n s t o c k . S e e le a se
In V . 6 9 , p . 2 8 2 : V . 6 9 . p . 1 0 6 1 . 1 1 0 2 . 1 2 4 6 : V 7 0 . p . 7 4 : V . 7 1 . n - 6 4 5 . 9 6 3 ;
[A s s u m e d b y N . Y . C e n t r a l R R . o n c o n s o l i d a t i o n . D e c . 2 3 1 9 1 4 .]
B O N D S . — T h e $ 1 1 ,5 0 0 ,0 0 0 2 5 - y e a r 4 % I m p t . b o n d s a r e g u a r . p r l n . a n d
I n t ., b y N e w Y o r k C e n t r a l fic H u d s o n R i v e r R R .
N o m o rtg a g e s ca n be
p l a c e d o n t h e p r o p e r t y w i t h o u t J o i n t ly i n c lu d in g t h e b o n d s in t h e l ie n .
V 86 d . 1 0 9 9 : V. 8 9 , p . 1 0 2 ; V . 9 1 . p . 3 9 6 .
V . 9 4 , p . 2 7 7 . 1 0 5 5 .1 3 1 6 ,1 6 2 5 .
T h e 4 % b o n d s m a t u r e $ 7 , 0 0 0 , 0 0 0 in 1 9 3 3 . $ 4 , 5 0 0 , 0 0 0 In 1 9 ^ 4 a n d $ ^ 0 0 0 , 0 0 0 In 1 9 3 5 .— V . 9 6 . P - 6 5 3 . 6 5 1 . 9 4 6 . 1 3 6 5 , 1 4 8 9 . 1 ^ 8 . V . 9 7 . p . 4 8 3 6 ­
I n J u n e 1 9 1 6 a ll b o n d s is s u e d s i n c e t h e le a s e t o t h e N . Y . O . fit H . R . R R
C o . h a d b e e n g u a r a n t e e d ( p r in . a n d i n t .) b y t h e l e s s e o .
In Ju n o 1 91 /
a s k e d a u t h o r i t y t o is su e $ 1 , 0 0 0 , 0 0 0 5 % 2 5 - y e a r b o n d s f o r a d d i t i o n s , ficc.
D I V I D E N D S . — S i n c e 1 9 0 0 , S H % , v i z . : 2 % e a c h In M a r c h a n d S e p t . ,
B V4% In J u n e a n d 2 K % In D e o .

Operating
Revenues,

Oner. Inc.
(.after Taxes)

Other
Income.

Interest,
Divs., Ac.

Balance,
Surplus.

$ 2 ,3 8 3 ,1 9 2
$ 4 ,9 2 3 ,6 3 7
$ 4 1 5 ,8 4 1
1 9 1 6 .................$ 2 1 ,6 7 6 ,5 4 1
$ 6 , 8 9 5 ,9 8 8
7 8 1 ,3 4 2
4 ,6
3
5 9 .6 8 9
___ 1 7 ,6 9 5 ,8 6 5
4 ,9 6 6 ,0 5 5
------------. 4 4 .4 0 2
19 15
— ( V . 1 0 0 , p . 2 2 8 , 1 0 7 8 ; V . 1 0 2 , p . 6 0 8 ; V . 1 0 4 , p . 5 5 8 , 2 4 5 0 .)
BOST ON & L O W E L L R R . — R O A D . — O w n s B o s t o n t o L o w e l l . 2 6 m ile s :
b r a n o h e s — S a le m a n d L o w e l l, 17 m ile s ; L o w e l l a n d L a w r e n c e , 1 2 m ile s ,
o t h e r s , 4 5 m ile s ; M id d le s e x C e n t r a l, 11 m ile s : le a s e s — C o n n e c t i c u t fie P a s ■ u m p s lo , 1 4 6 m ile s ; N a s h u a fib L o w e l l, 1 5 m ile s ; P e t e r b o r o u g h , 1 0 m ile s .
N o r t h e r n N . H . , 8 3 m ile s (a n d s u b s i d i a r y lin e s 9 0 m il e s ) ; S t o n y B r o o k R R . ,
1 5 m • W i l t o n R R . , 13 m .
L e a s e s m o s t ly a s s u m e d b y B o s t o n & M a in e .
L o a s e d in 1 8 8 7 f o r 9 9 y e a r s t o t h e B o s t o n fie M a i n e a t 7 % p e r a n n u m o n
s t o c k t i l l J a n . 1 1 89 7 a n d 8 % t h e r e a f t e r .
V . 95 , p . 1330.
r h o s to c k h o ld ­
e r s o n J a n . 3 1 9 1 7 a u t h o r i z e d $200,000 2 0 - y o a r b o n d s t o r e f u n d b o n d s d u o
O c t . 1 1 9 1 7 , b u t In M a y 1 9 1 7 n o n o h a d b e e n is s u o d .— ( V . 1 0 4 , p . 2 5 5 .)
BOSTON fic M A I N E R R . — R O A D . — T h e s y s t e m w it h Its m a n y b r a n o h
lin e s c o v e r s t h e t e r r i t o r y f r o m B o s t o n , M a s s ., t o P o r t l a n d , M e . ( t w o l in e s ) ,
S p r l n g f le l d , M a s s ., S h e r b r o o k e , C a n ., R o t t e r d a m J o t . a n d T r o y , N . Y „
W o r c e s t e r , M a s s ., t o P o r t l a n d , M e ., a n d m o s t o f N e w H a m p s h i r e
Lines leased— ( Concluded) . Miles
Lines owned.
Miles.
N a s h u a & L o w e l l ------------------------------a l 5
B o s t o n , M a s s ., t o R i g b y , M e .,
v i a D o v e r -----------------------------------------111 C o n n e c t i c u t R i v e r R R ____________ a 8 1
36
B o s t o n t o R i g b y . M e . , v i a P o r t s m . 1 0 5 O t h e r ________________________________
29
J e w e t t , M e ., t o I n t e r v a l e , N . H .
7 3 T r a c k a g e r i g h t s _____________________
P o r t s m o u t h E le o t r lo R y -------------18
T o t a l o p e r a t e d J u l y 1 1 9 1 6 ---------- 2 ,2 9 8
W e s tb r o o k , M o ., to
W orces­
t e r . M a s s -------------------------------------- 1 3 9
2 d t r a c k ( 3 d fis 4 t h t r a o k , 1 0 ) 5 9 1
N o rth C a m b rid g e t o N o rth a m p ­
t o n . M a s s -------------------------------------96
S u n d r y b r a n c h e s ___________________ 183 C o n t r o ls :
S t . J o h n s b u r y fib L a k e C h a m p . 1 2 6
Lines leased, a S e e t h is c o m p a n y .
Y o r k H a r b o r fic B e a c h . . ______
12
B o s t o n & L o w e l l __________________ a 4 6 9
V e r m o n t V a l l e y ________________
25
O o n o o r d fis M o n t r e a l ---------------------a 4 7 9
S u lliv a n C o u n t y ________________ . . 26
^ R E O E * V B fR S H IP r — O n " A u g ? 2 9 '1 9 1 6 ! ItT b e ln g d e e m e d In e x p e d ie n t
f u r t h e r t o e x t e n d t h e $ 1 3 ,3 0 6 ,0 6 0 n o t e s a n d c e r t a in in t e r e s t s h a v i n g




5 3 9 .0 0 0
(?)
1 .9 4 0 .0 0 0
2 4 2 .0 0 0
1 9 9 .6 0 0

100 &o

1902
1901
'0 8 - ’ 10
1912
1913
1913
1917

%

When Last Dividend Places Where Interest and
Dividends are Payable
Payable and Maturity

o

1911
1914
1907
1898
1898

393

Rate

Q — J J u ly 2 1917 1 %
4
$ 6 ,0 0 0 ,0 0 0
&
J J u ly 1 1936
5 .0 0 0 .
0 0 04 g
J u ly 1 1936
&
1 .0 0 0 .
0 0 05 g
Apr 11951
tc
3 .5 0 0 .0 0 0
IH g
Apr 11955
&
4 g
3 .9 6 4 .0 0 0
D eo 1 1932
&
5 g
5 1 4 .0 0 0
J u ly 1 1941
&
5 g
2 4 5 .0 0 0
A p r 1 1917 3 %
Q— J
2 .0 3 0 . 0 0 0 S e e t e x t
A p r 1 1917 1M
Q— J
8
5 0 0 .0 0 0
54 & N M a y 1 1 9 3 9
4 g
1 , 0 0 0 ,0 0 0
fij
J J u ly 1 1945
6
3 0 0 .0 0 0
y e a r ly D e c 31 1 9 1 6 4 %
1 .2 5 3 .0 0 0 S e e t e x t
54 &
S S ep t 1 1926
4
5 0 0 .0 0 0
& A F eb 1 1927
4
7 4 9 .0 0 0
fit
J Jan 1 1933
4
3 3 S ,0 0 0
J Jan 1 1943
&
9 7 2 .0 0 0
8 H g
fie
J Ja n 1 1941
6 g
1 5 0 .0 0 0
S M oh 1 1 9 2 2
fit
6
1 .2 2 0 .0 0 0
A p r 1 1925
fib
5
1 ,0 6 0 .0 0 0
fib s M o h 1 9 1 8 -1 9 2 7
6
1 ,1 0 0 .0 0 0
fib o A p r 1 1 9 1 9
5
3 0 0 .0 0 0
fib s M c h 1 9 2 2 -1 9 3 2
5
5 5 0 .0 0 0
fic D J u n e 1 9 2 3 -'3 4
5
9 5 0 .0 0 0
fit
J J u l y 1 9 2 4 -1 9 3 4
2 .5 0 0 .0 0 0
6
& IN N o v 1 9 1 8 -1 9 3 2
5
3 .6 0 0 .0 0 0

$50
1 .0 0 0
1 .0 0 0

1886
1892
1901
1906
1901
1911
1909
1895

4 .8
48
6 .9
29
29

Amount
Outstanding

Par
Value

Miles Date
Road Bonds

railroad companies

[For abbreviations. &c., see notes on first page]

Calendar
Year—

[VOL. 104.

RAILWAY STOCKS AND BONDS

14

5 0 0 .0 0 0
2 5 .0 0 0 .0 0 0
3 .8 5 8 .0 0 0
1 . 0 0 0 ,0 0 0
1 3 .5 0 0 ,0 0 0
1 , 0 0 0 ,0 0 0
2 .0 1 5 .0 0 0
3 .6 2 7 .0 0 0

M ay
F eb
M ch
Jan
Jan

6 g
6 g
4 g
5
5

1 1981
1 1924
11957
1 1928
1 1928

G ra n d C e n tT e r m ln a l.N Y
do
do
do
do
G r a n d C e n t T e r m i n a l ,N Y
do
do
U S M fib T r C o . N Y :fie S F
S a f o D o p fic T r C o , B a lt
C o ’ s o ffic e , I n d la n a p o lli
do
do
N at C ity B a n k , N Y
M e r c a n t ile T r & D e n .B a l t
P en n R R C o . , F h ila
do
do
do
do
do
do
do
and N ow Y ork
M e r c T r fie D e p C o , B a lt
H o m o T r O o, H o b o k , N J
do
do
do
do
do
do
do
do
do
do
do
do
U n io n T r C o , P i t t s , P a
N o v 1 9 1 6 c o u p o n u n p a id
I n t e r e s t in d e f a u l t
E q u it a b le T r u s t C o . N Y
F I T & S D C o , P h lla
R e g B lo o m s b u r g h .w h ear

F e b 1 1 91 6 c o u p n o t p a i d
A u g 1 1951
fib
Q — M J u n o 3 0 , ’ 17 2\i O f f lo e . T e r m S t a t 'n , rtosi
do
do
fib O A p r 1 1 9 5 2
do
do
J a n 1 195 1
fie
d
o
d
o
M
a
y
1
‘
3
3
3
4
3
5
fie
do
do
J u ly 1 1937
fis
do
do
J u ly 1 1938
fit
do
do
O ct 1 1963
fit
do
do
....................1 94 2

F

si >
4
4H
5
5
5

A
J
M
J

b lo c k e d th e m e r g e r p la n ( V . 1 0 2 , p . 1 9 8 7 ). P r e s . J a m o s I I . H u s t ls w a s m a d e
r e c e iv e r . V . 1 0 4 , p . 7 1 ; V . 1 0 3 , p . 7 5 7 , 8 4 3 , 1 1 1 7 .
.
In J u n e 191 7 n o in te re s t h a d b o o n p a id s ln c o th e b e g in n in g o f t h e r e c e iv e r ­
s h ip u p o n a n y o f t h e n o te s o r p la in (d e b e n tu r e ) b o n d s o f th e B . & M .
But
b r ie fly s p e a k in g , d iv id e n d s o n t h e s t o c k s a n d in te re s t w h e n d u o o n th e o u t ­
in g in d i s p u t e r o m a in s u n p a i d .
i n e r e c e iv e r n a s u w u i
t o p a y t h e I n t e r e s t o n $ 2 , 4 5 0 , 0 0 0 C o n n e c t i c u t R i v e r R R . n o t e s b u t p e n d in g
p o s s i b le a p p e a l n o a c t i o n c a n b e t a k e n t h e r e o n b e f o r e J u l y b 1 J 1 7 . v . l u i ,
P M a s s ? IN ’ S L ^ C o m in issto u has* e x t e n d e d t ill J u l y 1 9 1 9 t h e r e o r g a n i z a t io n
A a 's to* B o s t o n *R*R'. H o l d i n g C o . ( o w n e r o r 5 2 . 9 % o f t h e s t o c k ) a n d d i s p o s i ­
t io n o f c o n t r o l u n d e r o r d e r o f C o u r t , s c o t h a t c o m p a n y b o l o w .
T h e H a m p d e n R R . C o r p o r a t io n , c o m p le t e d J u n e 23 1913, f r o m S p r ln g f i o l d , M a s s . , t o B o n d s v l l l o , t o t a l 15 m il e s , h a s n o t b o o n o p e r a t e d .
V . 100,
39 5 ; V . 99? p . 4 7 ; V . 9 8 . p . 7 2 . 4 5 2 , 1920; V . 9 6 . p . 1020; V . 9 7 , p . 9 4 8 .
P l a n o f R e o r g a n i z a t i o n a n d U n i o n , D a t e d M a r 14 1 9 1 7 ( V . 1 9 4 , p , 2 0 0 9 ) .
'P h is p l a n p r e p a r e d b y c o m m i t t o o s f r o m t h e lo a d i n g le a s e d lin o s , a n d
a d o p t e d b y t n e ir b o a r d s o f d i r e c t o r s , a n d a l s o w it h r e s e r v a t io n s b y t h e
d i r e c t o r s o f t h o B . fic M . , h a s b e e n a p p r o v e d b y t h e N e w H a m p s h ir e L e g i s -

B o s t o n fic L o w e l l R R . , C o n n e c t i c u t R i v e r R R . . C o n c o r d
,
L o w e l l fic A n d o v e r R R . , M a n c h e s t e r fic L aw rence R R . a n d K e n ^ b u n k &
K e n n e b u n k p o r t R R . (t h e - 's u b s i d i a r y c o m p a n i e s ) . a n d t h e a s s u m p t i o n o f
a ll t h e ir s u b -le a s e s a n d a ll t lie ir f u n d e d o r f l o a t i n g d o b t n o t p a i d o f f , a n d a ls o
$ 3 9 ,5 0 5 ,1 0 0 c o m . s t o c k a n d
$ 3 1 4 9 8 0 0 p r o f . s t k . o f t h e n o w B . fic M . R R . : ( « ) w h o o lt lio r t h o n is o lv o s s u b ­
s c r ib e f o r t h e i r p r o p o r t i o n o f n o w s t o c k o r p r o c u r e s u b s c r ip t i o n s t h e r e fo r
t o b e m a d e in t h e ir b e h a l f , w i l l r e c o iv o w it h o u t f u r t h e r p a y m e n t i n a d d it i o n
t o t lie s t o c k s u b s c r ib e d f o r a n a m o u n t o f p r o f , o r c o r n , s t o c k i n t h e n o w
c o r p o r a t i o n e q u a l t o t h e p r o f , o r c o m . s t o c k h o l d b y t h e m , r e s p e c t i v e l y , In
th o o ld c o r p o r a t io n .
A B a n k e r s ’ s y n d ic a t e w ill, o n r e q u e s t, a d v a n c e fo r
o n e v e a r t h e f u n d s n e e d e d f o r t h is s u b s c r i p t i o n a t 6 % i n t e r e s t o n s e c u r i t y
o f ill n e w s t o c k r e c e iv a b le ; o r t h e s y n d i c a t e w i l l , o n r e q u e s t , a s s u m e t h o s u b *
s c r lp t l o n s e it h e r lx) o n p a y m e n t t o it b y t h o s t o c k h o l d e r s o f $ 5 p e r s h a r e in
c a s li f o r e a c h s h a r e o f c o m . s t o c k a n d $ 2 5 0 f o r e a c h s h a r e o f p r o f . s t o c k h e ld
b y t h e m - o r (y) u p o n a s s i g n m e n t t o i t o f new- c o m m o n s t o c k e q u a l t o -.0 7a
o r n e w n r e f s t o c k e q u a l t o 1 0 % o f t h e ir h o l d i n g s in t h e o l d c o r p o r a t i o n ;
(b) I f n o t s u b s c r ib in g , t h o s t o c k h o l d e r w il l r e c e iv e 7 0 % o f n o w c o m . s t o c k
fo r ea ch sh are o f o ld c o m . s t o c k , a n d 8 5 % o f p r o f, s to c k fo r e a ch sh are o f
01 T o t h e h o l d e r s * o f t h o ^ u t s t o n d i n g s t o c k o f
t l n n s t o c k h o l d b v B . fic M . ) t h e n o w c o r p o r a t i o n w il l d i s t r i b u t e n o w f i r s t
P r o f , s t o c k c a r r y in g d i v i d e n d s a t th e r e s p e c t i v e r a t M ^ w p a y a b l e ig a d e r
t h e le a s e o f e a c h c o m p a n y a s s h o w n b e l o w .
O o m ^ n V .1 0 ^ P .2 0 0 J .
Cnsh Renuirements.— T ho n o w c o r p o r a t i o n , t o r a is o t n o ® lz ,o Z 4 ,u u u e a s e
r e q u i r e d In c o n n e c t i o n w it h t h o a c q u i s i t i o n o f t h o s e v e r a l p r o p e r t ie s , w il l
s e ll a t p a r t o B fic M . s h a r e h o ld e r s ( o r t o t h o u n d e r w r it i n g s y n d i c a t e ) ,
a o i Vnn F l r « t P r e f a n d $ 4 9 2 9 6 0 0 C o n v e r t i b l e l ’ r o f. s t o c k , o a c h c o m .
f t o S l d e r b e i n g E n t i t l e d t o s u b s c r ib e in t h e p r o p o r t i o n o f $ 1 8 F ir s t P r o f ,
a n d ? $ 1 2 o f C o n v e r t i b l e I’ r e f . f o r o a c h s h a r e o f c o m . s t o c k o w n e d b y h i m ,
m id o a c h n r e f s t o c k h o l d e r f o r $ 9 o f F ir s t P r o f , a n d 3 6 o f C o n v e r t i b l e P r e f .
f o r o a c h s f i a r o o f p r o r . s t o c k o w n e d b y h im in t h e o l d c o r p o r a t i o n .
B onds
f o r $ 1 2 ,5 0 0 ,0 0 0 w ill b e Is s u e d t o p r o v i d e f o r f l o a t i n g d o b t , I m p r o v e m e n t s , ficc.

Original Capitalization of New Corporation I f & / ^ £ Z * lh£ £ r S nehises and
Property of All Companies (Par of New snares, $ i u u ) .
(1 ) First Pref. Cumulative Stock (Total, $ 4 7 ,8 7 2 ,3 0 0 ) — New Slock. Dlv.Rate
U ; (a) For Sub. Co. Stocks. $ for $,— Dividend Rates to
np Rp<tnrcLivelu as under Present Leases.
F i t c h b u r g li R . ( f o r § 1 8 , 8 0 0 . 0 0 0 p r e f . s t k . — s e e n o t e ) $ 1 8 , 8 6 0 , 0 0 0
o%
B c w t o n & ^ L o w e l l R R . ( o x c l . $ 5 6 1 . % h e l d b y B . fic M . )
C o n c o r d fic M o n t r e a l R R . e x c l . $ 3 3 5 ,0 0 0 o w n e d b y
B . fic M . R R . a n d $ 7 , 0 0 0 b y M a n . fic L . R R . ) ------C o n n e c t i c u t R i v e r R R ------- -------------------------------------------- .L o w ? 11 & A ? l d o v e r R R . " ( $ 5 3 1 ,300" 8% "*a n d ’ $ 9 3 " ^ 0 0 1

7 .1 1 7 .5 0 0

8%

.T’S i l ’.lSS
io7 (
3 ,2 3 3 .3 0 0 ,
6 2 5 .0 0 0 /8 % ^

M a n ^ e s t e r "fic L a w "re n ce R R
. .........................................
1 ,0 0 5 0 0 0
4K %
K e n n e b u n k f i c K e n n e b u n k p o r t R R . . ------- h o , 0 0 0
4 ^ /0
(b) For Hampden RR. and New Cash on Above Basis—
H a m p d e n R a il r o a d C o r p o r a t i o n . . . ....................................... 7 a q ! t !tnn
ft <7
F o r c a s h — 6 % .............................................................. ...............
7 ,3 9 4 ,4 0 0
0 /0
(2 ) Convertible 6 % Cum. (2nd) Pref Stock ( c o n v e r t i b l e I n t o c o m ­
m o n a t h o l d e r 's o p t i o n , $ f o r $ ) f o r c a s h .............................................. $ 4 , 9 2 9 , 6 0 0
(3 ) Preferred Stock. 6 % . n o n - e u m u l a t l v e . . . . - - - - - - - - - - - - -Q- ™
4 ,o 4 9 ,8 0 0
C o r r e s p o n d in g t o B . fic M . R R . P r o f ;
— ^ 'M n n ’ nnn
T o t h o H a m p d e n R a il r o a d C o r p o r a t i o n , 5 % ............ 1 ,4 0 0 ,0 0 0
(4 ) Common Stock— C o r r e s p o n d in g t o B . fic M . R R . c o m . s t o c k . $ 3 9 . e O o ,1 0 0
(6 ) Five Per Cent Bonds.— T o b o is s u o d f o r t h o p u r p o s e o f f u n d ­
in g th o p re s e n t flo a t in g d e b t o f th o o ld c o r p o r a t io n a n d th e
s u b s i d i a r y c o m p a n i e s a n d p r o v i d i n g a d d i t i o n a l n i o n o y fo r t h o
p u r p o s e o f p a y i n g f o r n e e d e d a d d it i o n s a n d i m p r o v e m e n t s . . . 1 2 . 5 0 0 ,0 0 0
(7 ) Existing Funded Debts Undisturbed
. . . . . . . . . . . . 8 1 , - 0 - ,u u u
c, \ r hnnr1<3
3 3 8 . 0 0 0 1C o n . & M o n t . h ( is _ § 7 ,J 2 o , 0 0 0
F i t c h b u r g b o i u l s l l . 2 4 ’, 5 8 0 ,0 0 0 C o n n . R i v e r b o n d s - 2 ,2 5 9 .0 0 0
l l o s fic L o w e l l b d s .
6 , 5 2 8 ,0 0 0 1M a n . fit L a w . b d s . .
.,7 4 ,0 0 0
I p M o r g a n fic C o , K i d d e r , P e a b o d y fit C o . a n d L o o , H i g g l n s o n & C o .
w ill* a s s y n d i c a t e in a n a g e r s , f o r m a P u r c h a s e S y n d i c a t e t o u n d o r w r t o t h e
sc 19 ’a 9,i (inn n e w s t o c k t o b o is s u e d f o r c a s h t o a s s is t t h o B . fic 5 1 . s t o c k h o l d i n^m a k hi g °s'u b s c c ip t to n s a ? K l t i p u r c h a s e t h o $ 1 2 ,5 0 0 ,0 0 0 n e w b o n d s .
T t n N n q ficC — H o ld e r s o f $ 1 3 ,1 2 0 ,0 6 0 o f t h o $ 1 3 ,3 0 6 ,0 6 0 o u t s t a n d i n g

b o n t u r e s , s e e is su e o f A p r i l 1 8 9 5 .

J une , L917. i

RAILWAY STOCKS AND BONDS

RAILROAD COM PANIES
[For abbreviations, <fcc., see notes on first page]

Last Dividend
and Maturity

ars n o t m o r t g a g e z
S e e d e s c r ip t i o n
B on d s 20
do
do
z_
In “ I n v e s t o r s ’
B on ds d o
do
do
zo*_
S u p p le m e n t ”
B onds do
do
do
zo*.
o f A p ril 1 8 9 5 .
B on ds do
do
do
z.
p. 2 .
B onds do
do
do
z.
B o s to n & M a ln e
B on ds do
do
do
zo.
g iv e s a r e n t a l
B on ds d o
do
do
z_
g u a r a n t y forO P
B onds do
do
do
z c * .,
years.
B on ds d o
__o
d
d o ..
do
_ B o. n d s- $ 2 0 0 ,0 0 0
( r e f undi ng ) j
w o s t o n « M a in e — S t o c k , c o m m o n a n d s c r i p ________O I;
P r e f e r r e d s t o o k 6 % n o n - c u m u l a t l v e ............................O B
I m p r o v e m e n t b o n d s s f n o t m o rtg a g e or su b j to c a ll.z
B o n d s (n o t m o rtg a g e ) fo r Im p r o v e m e n t & r e f.z o & r
B o n d s ( n o t m o r t g a g e ) g o l d _______________________ z c & r
B o n d s e x c h a n g e d f o r F i t c h b u r g s t o c k ( V 7 0 , p 1 7 5 ) _z
B o n d s ( n o t m o r t g a g e ) , 5 1 ,0 0 0 , 0 0 0 ............- .....................z
B o n d s 5 2 , 0 0 0 , 0 0 0 ( n o t m o r t g a g e ) _____________________z
B o n d s ( n o t m o r t g a g e ) . 2 0 - y e a r . . .............
z
B o n d s ( n o t m t g e ) . c u r . _ ..........................
zc& t
B o n d s ( n o t m o r t g a g e ) $ 1 2 ,0 0 0 ,0 0 0 ______________z c & r
P o r t s m G t F a lls & C o n 1 st M a ssu ro ..........................._ _ z
W o r c e s t e r N a s h u a & R o c b fir s t m o r t g a g e e q u a l l y !
s e c u r e d ($ 7 3 5 ,0 0 0 d u o 1 9 3 0 a n d $ 1 5 0 ,0 0 0 1 9 3 5 ) z f
O n o -y o a r n o t e s e x t e n d e d t o A u g 31 '1 6 (s e o t e x t ) . .
do
n o t s o e x t e n d e d __________________________ "
B o s t o n & P r o v i d e n c e — S t o o k 1 0 % g u a r 9 9 y r s O ld C o l
B o n d s ___________________________________________________ _
B o s t o n R R H o ld i n g C o — P r e f s t k 4 % c u m r e d 1 f o ’ z g u
B o s to n R e v e r e B e a ch & L y n n — S t o c k 5 1 ,0 2 0 ,0 0 0
z
1st M ( V 6 5 , p 68 ; V 8 3 . p 3 7 9 ) 5 1 . 0 0 0 . 0 0 0 g S B z o * & r
B o s t o n T e r m in a l C o — F ir s t m o r t g a g e o u r r . . Q B . z c & r
B r in s o n R y — Seo S a v a n n a h & N o rth w e ste rn R B ,
B r o w n s v i ll e & M a t a m B r id g e C o — 1 st M g o l d g u a r S S t x
G o l d b o n d s $ 1 0 0 ,0 0 0 g u a r J o i n t ly _________
|\ x
B u R a lo C r — C o n ( n o w l s t ) M S l . 0 0 0 .0 0 0 g l n t a s r e n t o ’ x
1 st r e f M 5 5 , 0 0 0 ,0 0 0 g r e d 1 0 5 s i n c e J u l y ’ 1 2 - U s m x
B u ff a l o N e w Y o r k & E rie — S e e E r i e R a il r o a d

$100
1892
1 .0 0 0
’9 7 - ’98
1 .0 0 0
’ 9 9 - '0 1
1 .0 0 0
1903
1 .0 0 0
1905
1 .0 0 0
1900
1 .0 0 0
1907
1 .0 0 0
1909
1 .0 0 0
1 9 1 3 1 ,0 0 0 & c
1916
1 .0 0 0
1917
100
100
1 .0 0 0

1.0 0 0 &o
1 .0 0 0

1.0 0 0
1.0 0 0
1,0 0 0
1.0 0 0
1 .0 0 0 6 0
1 .0 0 0 6 0
5 0 0 &o

1.0 0 0

- - - ’8 8 - ’ 93

„ „ 1,0 0 0
5 .0 0 0 & c
5 .0 0 0 & c
100

1.0 0 0

100
100

1897
1897

1 .0 0 0 A c

1910
1 91 1
1891
1910

1,0 0 0
1.0 0 0
1.0 0 0
1.0 0 0

1.0 0 0

„ D I V S ’ 7 ^ J ’ 9o3 ’ '2 4 *’,9 8 ’
’ 0 0 - ’ 0 7 . ’ OS. ’ 0 9 . ’ 1 0 . ’ l l . ’ 12
C om m on (% ) l 8
6 y ly . 6 ^
7 y ly . 6 ^
6
6
5
4
E A R N I N G S . — 12 m o n t h s e n d i n g D e c . 3 1 ;
„ Grn.ss
Net (after
Other
Fixed
Balance,
i o i f i 0 n ^S
Taxes).
Income.
Charges.
ourinus
Surplus.
.................................................. 5 1 5 ,0 3 6 ,8 8 0 $ 1 , 2 0 5 , 8 3 5 $ 1 1 ,4 5 4 ,7 4 1 $ 4 ,7 8 7 ,9 7 4

™Mo7rtoAp~r. 3 0 ’ 1 9 1 7 — 8

1 0 ’996’3 6 2

1 .1 0 8 .0 2 6

1 0 ,3 2 5 ,3 8 8

1 , 7 7 9 ,0 0 0

$ 2 ,4 8 1 ,5 2 4
$ 3 6 1 ,5 3 8 $ 4 ,1 3 0 ,6 1 3 d f$ l,2 8 7 ,5 5 1
1 9 1 7 . : ------------- $ 1 7 ,9 7 0 ,1 2 8
1 9 1 6 ----------------- 1 6 ,9 7 3 ,8 0 4
4 ,0 7 7 ,9 9 7
2 7 3 ,8 6 0
3 ,8 0 9 ,4 2 4
5 4 2 ,4 3 3
A N N U A L R E P O R T .— F o r y e a r e n d . J u n e 30 1916, V . 103 . p . 1502
Earnings.—
1 9 1 5 -1 6 .
1 9 1 4 -1 5 .
1 9 1 3 -1 4
P a s s o n g o r .............................................................. $ 1 5 ,0 2 8 ,3 1 0 $ 1 5 ,5 0 2 ,1 9 7 $ 1 6 ,1 1 1 5 4 8
Frnlcrhf.
at n n o AQn 2 6 . 9 1 2 , 3 9 7 2 7 9 1 2 397
M a l l , e x p r e s s , & c _______________________ __________________4
4 , 2 5 8 ,4 5 5
.2 5 8 ,4 5 5
4 .1 3 0 .3 4 1

Frefght-.IIIIIIIIIIIIIIIIIIIIIIII 3L963!489

T o t a l o p. e----------..
r a tin g —
r o v---------------------------o n u e s ________ - $ 5 2 , 0 7 5 , 4 2 7 $ 4 6 ,6 7 3 ,0 4 9 $ 4 8 1 6 0 9 8 0
N o t I n c o m e ( a ft e r t a x e s ) --------- ---------- - 8 1 5 , 0 5 9 , 2 9 3 ! $ 9 , 9 8 3 , 5 8 4
$9 1 5 1 f i f e
R e n t a ls , s in k in g f u n d , & c _____________ $ 8 ,2 0 8 ,1 2 5
S 7 .2 9 1 4 8 5
- - - - - -4 5
$ 7 ,8 7 8 ,4 4 2
------- ,5
- -6 1
I n t e r e s t a c c r u e d _________________________
2 ,7 2 5 ,4 7 7
3
.0 2 6
3 ,3 1 7 , 9 4 5
B a la n c e , s u r p lu s o r d e f i c i t ............s u r .$ 4 .0 6 5 ,6 9 1 d o f .$ 3 3 4 , 4 6 2 d f i $ 2 0 4 4
O F F I C E R S . — P r o s . . J a m e s I I . I lu s t l s ; C o m p t r o l l e r W i ll ia m t t t „
T r e a s ., H e rb e rt R . W h e e le r.
O f f i c e , B o s t o n . — (V 1 0 4 p

749
kk

.

B O S T O N & P R O V ID E N C E R R .— O w ns B oston M aks ’
‘f / , '
R . I . , 4 3 m ile s ; b r a n c h e s , 2 0 m il e s .
R o a d is t o lie e'loririfi,,\ r o v Ld 5 n c o ■
tra ck ed .
I n M a y 1 9 1 7 p l a n in a b e y a n c e .
L ea sed 99 v o a r ^ A r ^ l 'W o
O ld C o l o n y R R . ; r e n t a l 1 0 % y e a r l y o n s t o c k , le a s e b o i n s f m n ^ F f h l i V i 8!8/ ? ! ? ?
V . 95, P. 235.
T h e N e w Y o r k N . I I . & H a rtfo rd o n J
m n„ 1912J
$ 5 2 4 ,6 0 0 s t o c k . — V . 9 5 , p . 2 3 5 , 6 7 8 , 8 1 7 .
J
0 30 19 16 o w n ° d

s h ip o f B . & M . in A u g . 1 9 1 6 . s e e t h a t c o m p a n y a b o v e
P r c s i d o n t , M a r c u s I*. K n o w l t o n . — ( V . 9 9 , p . 1 2 1 3 )
mh , w - g a u g e i t o™
ad
f r o m L y n n t o E a s t B o s t o n , M a s s ., 9 m ile s , c« oR
nn nne cTt i°n^g 8„w- it
n a n y s f e r r y b o a t s ; E a s t B o s t o n t o W i n t h r o p , 5 tu llesc r il"
rP o in t S h i r l e y , 1 m il e . V . 9 4 . p . 9 8 2 ; V . 9 5 . p ! 1 1 2 1 . 1 4 0 2 . W l n t h r ° P t o
D IV I D E N D S .—
J '9 7 - ’ 0 5 . '0 6 . '0 7 . ’ 0 8 - ’ 10
'l l 1912 t o J u ly 1917.
S i n c e 1 8 9 4 _______________ \ 2 y l y .
‘
- Yr. end. June 3 0 : Gross
Net. 6J n ® S
7 U & % 3 -J )
1 9 1 5 - 1 6 ----------------$ 9 6 5 ,8 3 4
$ 1 4 1 ,3 1 5
$ 9 4 ,6 7 3
( 6 % ) s | i n o n ' ,\Jr «4
1 9u1 4
................... 9o 5i ,1u,0» 8
t -1
- t5o ....................y
43
1 3 6 ,8 7 0
7 4 ,7 7 2
fflfi s i f i
d e f’? ? ’£3§
D e f i c i t In 1 9 1 5 -1 6 w a s m e t f r o m s a le o f la n d s f o r $ I 3 J 4 3 * — 9 y g g W 1 8 4 4 ^
B O S T O N T E R M I N A L C O . — O w n s S o u t h e r n U n io n k,
’
o p e n e d in 1 8 9 9 . V . 0 8 , p . 4 0 : V . 6 9 , p . 5 9 1 .
N Y
P m t P W n *’ ! n °„sto. r!b a n y ) , B o s t o n & I ’ r o v . , O ld C o l o n y a n d N Y N i r « 'V ? a ( B a s t o n & A l o w n t h e $ 5 0 0 ,0 0 0 c a p i t a l s t o c k a n d p a y a s r e n t a l ii „ „ ; A r t f o r d
•c o s s u m s s u f f i c i e n t t o p a y a l l e x p e n s e s , c h a r g e s in t o n x A
1 ^ i n s t a llm e n t s
stock .
T h o s e c o m p a n i e s a r e j o i n t l y l i a b l e ’ f o r -m v W V i <n d s a.n d
on
fo ro c lo s u r o .
R e g . I n t . Q . - F . ; c o u p . , F . & A . — (V ^ n q cIo,,.c.y ,n c a s e o f
B O Y N E C I T Y G A Y L O R D & A L P E N A R R _ _ t' tvto, / t o i t ,
, „ ..
p l a n o f r e o r g a n i z a t io n c a l le d f o r a n is s u e o f S.S00 (inn
V V / i n d e f in i t e
5 s , d a t e d J a n . 1 1 9 1 7 , w i t h a f i r s t lie n o n t h e l i n e ' a s b r n w t W 3’ 2 £ - y e a r
C i t y t o A l p e n a , M i c h . , a b o u t 9 7 m ile s o f r a i lr o a d
l J? Y n o
G r a n d R a p i d s , is r e c e i v e r . — ( V . 1 0 4 , p . 6 6 3 , 5 5 8 . ) ’ " U c h ig a n I r u s t C o . ,
R A I L W A Y .— V .

104, p .

2116.

B R O W N S V I L L E & M A T A M O R A S B R I D G E C O . — S e o n w n 90 S
B U F F A L O C R E E K R R . — O w n s 6 m ile s o f t e r m in a l
„
lea *scd f o r t e r m o f c h a r t e r less o n e d a y t o t h e L o M v ^ V a
L
E r i e R R . . w h ic h t o g e t h e r o w n e n t ir e c a p it a l s t o c k of 8$25 0 m f ^
nAntn<t
Is i n t . o n b o n d s , 7 % o n s t o c k a n d o r g a n , e x p e n s e s .
P ir s i n k h ™ ^ » 3 e n t ia
s u a b l e t o r e t lr o o l d 5 s .
V . 9 2 , p . 2 5 9 , 5 9 3 : V . 9 3 , p 4 3 _ ( v ' 03 n

B u fT alo C r e e k , N . Y . t t 0 aJJ.
J e w e t t , P a . . . _________ _
C la r io n J o t . t o L I n d s c y '.'p a
R o c h e s te r t o A s h fo r d . N Y
C h a r lo t t e . N . Y „ t o L l n c o l n 'p ^ k
I n d i a n a B r a n o h _________
S e v e n b r a n c h e s _________
Trackage—
E r ie — M t . J e w e t t t o C la r io n J o t
B . & O .— B u t l e r , P a . , t o A l l o ’h e ’v
R I b o ld J e t . to N o w C a s tle
V
„
01m S i?

_
b i t u m in o u s c o a l r e g io n s
( Concluded) —
Miles
5
9 8 W I U o w G r o v e t o P itts b u r g h , P a
j/t
to
KQ P e n n . R R . — P e n n . R R
Shum an R un Y . Pa
’ J c t ’ t0 or
ox
....................
t
O t h e r ....................—
if)
Leased Stock not owned
1
7 }^
A lle g h e n y & W e s te rn — a
P u n x s u ta w n e y to B u tle r . P a ..
00

20 C le a r fie ld & M a h o n i n g — a~ ...........
41
C le a r fie ld t o B e e c h C r e e k R R .
33

3 “ n.°r 3 9 1 9 1 0 (a S e e s e p a r a t e ^ r t a t e m o n ^ f o r ^ h ^
p

2

p l t J i n v ! 4 L ^ M C6C.USSOr ,n 1 8 8 7 t 0 R o c h e s t e r & I ’ i t t s b V f o r e -




$ 7 , 6 7 9 ,4 0 0
1 . 0 0 0 .0 0 0
4 1 4 .0 0 0
9 3 9 .0 0 0
2 5 0 .0 0 0
6 0 0 .0 0 0
5 0 0 .0 0 0
3 2 5 .0 0 0
3 5 0 .0 0 0
1 ,0 0 0 .0 0 0
1 .2 5 0 .0 0 0
S ee text
3 9 .5 0 5 ,3 9 1
3 ,1 4 9 .8 0 0
1 .9 1 9 .0 0 0
2 .5 0 0 .0 0 0
6 . 0 0 0 .0 0 0
6 .4 5 4 .0 0 0
1 .0 0 0 ,0 0 0
2 .0 0 0 ,0 0 0
6 0 0 .0 0 0
1 0 .0 0 0 ,0 0 0
1 1 .7 0 0 .0 0 0
1 .0 0 0 ,0 0 0
8 8 5 .0 0 0
3 8 0 .0 0 0
1 3 .1 2 0 ,0 5 0
1 8 6 .0 0 0
4 .0 0 0 .
000
2 . 1 7 0 .0 0 0
2 7 , 2 9 3 ,9 0 0
8 5 0 ,0 0 0 I
1 .0 0 0 . 0 0 0
1 4 ,5 0 0 ,0 0 0

Places Where Interest ant
Dividends are Payable

J u ly 2 191 7 4 % A t O fflo e , B o s t o n
Apr 11932
M eroh N a t B k , B o s to n
O ct 1917 & 1918
do
do
1919 & 1921
do
do
M a y 1 1923
do
do
S ep t 1 1925
do
do
N ov 119 20
do
do
J u ly 1 1927
do
do
A p ril 1 192 9
do
do
F eb 119 33
do
do
M a r 1 1936
do
do
1937
A p r 1 1913 1
A t O f f , C a u s e w a y S u i t ! >a
M ch 1 1 9 1 3 3 %
do
do
.
F eb 1 1937
do
do
- A u g 1 1942
do
do
■
J Jan 1 1944
J u ly
1916
In t
u n p a id
J J u ly 1 1950
„,
do
do j
_ [N o v 1 1 9 2 1
M a y 1 9 1 6 i n t e r e s t u n p a id
r
& J Jan 1 1923
J u l y 1 9 1 6 i n t e r e s t u n p a id
7 & A F eb 2 1925
J &
S S ept 11920
I n t d u e S e p t 1 ’ 16 n o t p d
V & O A p r il 1 1 9 2 9
I n t d u o O c t 1 '1 6 n o t p d
r
& D Ju n e 1 1937
do
do
'
&
J J a n 1 1 9 3 0 & ’3 5 A m e r T r u s t C o , B o s t o n
1 & O O ct 1 1934
do
do
Text
A u g 31 1916
In te re st d is c o u n te d
! &
O M a r t o J u l y ’ 16 O v o r d u o
Q— J
J u l y 2 1 9 1 7 2 H T r e a s u r e r ’s o f f i c e . B o s t o n
&
J J u ly 1 1918
do
do
& J l O J a n 10 1 9 1 7 2 %
Q— J
J u l y 2 ‘ 17 1
O f f i c e , o r c h e c k s m a ile d
& J 1 5 J u ly 15 1927
S ta te S t T ru st C o, B o s to n
Text
IF e b 1 1 9 4 7
M e r c h N a t io n a l B k , B o « t

%

M
J

&
&
&
A

J Jan 1 1930
S S e p t 1 1931
J J a n 1 1941
JJan
1 1901

S t L o u is O n io n T r u s t O o
N ew Y ork T ru st O o.
U S M ort & T r C o, N Y
do
do

& T r o r C o ^ ^ H f ^ n v ^ 4 , 0 0 0 ’ ? 0 ^ o f .th<5 R o c h e s t e r & P i t t s b u r g h C o a l
cinV i x f
Y C 6 6 , P - 1 0 8 8 4 . c a r r y in g c o n t r o l o f t h e J e f f e r s o n & C l e a r f ie l d
S ort^ L i
^ ul tra in sfc.r r e d i n 1 9 0 6 ( s u b j e c t t o t h e lie n o f t h e g e n e r a l
m o r t g a g e ) t o t h e M a h o n i n g I n v e s t m e n t C o . , h a v i n g S 4 2 0 0 000 a n t h n rw iv i
l W ; ln M W s h a r e s , In c o n s i d e r a t io n o f $ 4 . i 2 5 . 0 0 0 s t o c k t h e l a t t e r h e f ^
R v tr^
l d D e o - 1 9 0 6 p r o r a t a In p r o p o r t i o n o f 2 5 % a m o k g t h e h o l d e r s o l
R y . c o m m o n an d p re f. sto o k s . V . 8 3 . p . 1468; V . 8 5 . p . 4 1 4 . 4 1 5 - re p o r t
n e w 0 ’! .’ >7
F o r b o n d s o f th e s e c o a l c o m p a n ie s see m ls o e l.c o s
C le a r l
M a h o n in g s e c u r it ie s a r e g u a r a n t e e d .
003’
o le a r
D I V S . — f ’ 0 2 . ’ 0 3 . ’ 0 4 - ’ 0 6 . ’ 0 7 . ’ 0 8 . ’ 0 9 . '1 0 . ’ l l . ’ 1 2 . ’ 1 3 . ’ 1 4 *15 - i 6 ’ 17

37

I n A u g . 1 9 1 6 t h e c o m m o n d i v . w a s 3 % s . - a . — 6 % p ! a . ; 1 9 1 7 ,’ F e b
< 3 "~
i o n u a i?w ^HR I n v e s t m e n t C o . (s e e a b o v e ) p a i d o n it s s t o c k i n ’ l 9 0 7 ’ 2 % -" in
n o n e s in c e t o J a n . 1 9 1 7 .
V
o $ , P. 685, V . 94, p . 419: V . 99 , p . 233.
C om p a re a b o v e , V . 85, p . 283.

88 n’ 6^ :- 1v 1 L a n d 1 9 1 3 ’ 3 ^ - ! 9 1 4 -

T h )eNt k f 'o n : ? n n n r t V 5 s f o r * 5 . 5 7 3 , 0 0 0 a r e r e s e r v e d f o r p r i o r b o n d s , & o .
/io n e * 3 5 '° 0 0 * 0 0 0 5 0 - y e a r c o n s o l s a r e t o b e a r n o t o v e r 4 H % I n t . $ 3 000 W 0 w e re I s s u a b le a t o n c e , $ 1 8 ,1 4 5 ,0 0 0 t o r e t ir e u n d e r l y i n g o b l ig a t io n s a t
o r b e f o r e m a t u r i t y a n d t h e r e m a in in g $ 1 ( ^ 5 5 , 0 0 0 f o r fu r tiv e r e q u i r e m e n t s !
ln /n
r
/ - ° / : Y a 8 o - P- 39. 414; V . 95. p . 361, 749; V . 98 n qqq
I q ^ i’oM n o’
9 9, p . 118, 1748; V . 100. p . 228.
O n D e c . 31 1916
I ? ’ ' 1 S ’ 9R 9-rCOI?5o I s w e r e o u t s t a n d i n g a n d $ 1 , 7 4 6 , 0 0 0 in t r e a s u r y
M a r c h 1 91 7 s o ld a fu r th e r $ 1 ,0 2 0 ,0 0 0 c o n s o ls
V . 104 p 1044
Equipment Bonds.— A s in k in g f u n d o f 5 % w ill r e t ir e series a r x- n
e 'j e i p m e n t b o n d s a n n u a l ly o n M a y 1 . If p u r c h a s a b le I t o r b e l o w p a r ^ o t h e ^
w is e t o b e a p p li e d t o t h e p u r c h a s e o f a d d it i o n a l e q u i p m e n t . V . 6 § p’ 1 1 3 1 V . 7 1 . p . 5 0 1 : V . 7 3 , p . 3 4 8 . S e r ie s D a n d E h a v e a n a n n u a ) s in k in g f u n d
6 % f o r p u r c h a s e o f b o n d s S e p t . 1 a n d M a y 1, r e s p e c t i v e l y , a t 1 0 5 a n d In t • it
n o t p u r c h a s a b le , b o n d s m a y b e d r a w n b y l o t . S e r ie s D & E m a y a ls o b e called

Si
n o i . / c u r l t f ^ th erT O n ,a ’ >v ( t1 0 4 ,np.l^ ii,i o ; m 0 t ’ VeS “

d “

ile m p li.M

i v .u m g

J ’,T,V .ls c a l y e a r n o w o n d s D e c . 3 1 .
T h e re p o rt fo r th e v e a r e n d d I c J T M q ? 6Xl9n V Wf
n
V ’ i ° 3 ’ P - 5 7 4 . 5 8 9 ; f o r t h e s ix m o n t h s t o
V m o s lo D e c 31 V 'GrSss P ' ° 6 1 ’ a n .d f o u r m o n t h s e n d e d A p r . 3 0 1 9 1 7 .
N e t.
Other Inc.
Charges.
Bal., Suri
1 9 1 6 ....................$ 6 , 7 6 8 , 7 4 9
S l.6 0 9 ,5 8 6
$ 5 2 5 ,4 1 4
$ 1 ,0 5 1 , 9 6 9
S I , 0 8 3 ,0 3 1
1915
.............. 5 ,9 7 8 , 0 1 3
1 , 5 7 3 .1 7 0
4 1 6 ,2 3 8
1
.0
7 1 ,7 7 9
9 1 7 .6 2 9
4 mos. to Apr. 3 0 —
1 9 1 7 ................... S 4 , 1 4 6 .6 0 0
$ 6 0 7 ,9 3 0
$ 4 5 9 ,9 0 4
1 9 1 6 ................... 3 ,8 4 2 , 3 9 6
9 7 3 ,0 4 4
4 1 9 ,6 3 9
June 3 0 Years—
1 9 1 5 -1 6 .
P a s s e n g e r ......... .................................................... S I . 1 4 4 ,8 9 2
R r e k d it .................................................................... 1 0 ,3 8 1 ,0 4 7
M a i l , e x p r e s s , & c _______________________
4 4 4 ,4 8 0

$ 7 0 8 ,2 0 0
7 0 7 ,3 2 1
1 9 1 4 -1 5 .
$ 1 ,1 0 1 ,9 8 1
8 ,0 2 2 ,6 9 0
3 5 5 ,2 6 5

T o t a l o p e r a t i n g r e v e n u e s . . ................ $ 1 1 ,9 7 1 ,0 1 9
N e t , a f t e r t a x e s __________
................ $ 3 ,0 7 2 ,1 0 1
O th e r in c o m e . _ _
..............1 .0 1 6 ,0 9 9

$ 9 , 4 7 9 ,9 3 6 $ 1 0 ,7 3 4 ,6 9 1
$ 2 ,3 1 4 ,0 8 7
S 2 ,5 3 5 ,5 7 4
7 1 8 ,6 4 6
8 2 0 ,2 2 4

G r o s s i n c o m e . . ......................................... $ 4 , 0 8 8 ,2 0 0
R e n t s a c c r u e d f o r le a s e o f r o a d s ............
$ 3 7 3 ,5 0 0
I n t o r o s t a c c r u e d o n f u n d e d d e b t ______
1 ,4 1 2 1 7 7
O t h e r In t e r e s t a n d r e n t s
’ 3 R 1 ’g n q
N o w e q u i p m e n t .................................................
12 7 ,3 9 4
R e t i r e m e n t o f e q u i p m e n t b o n d s ______
521 000
D iv i d e n d s o n p r e f e r r e d s t o c k ( 6 % ) . .
360 000
D M a m a 5; a a a a 1

$ 3 ,0 3 2 ,7 3 3
$ 3 7 3 ,5 0 0
1 .4 3 7 .5 7 8

$ 3 5 9 ,6 3 4
6 8 5 ,3 6 . '
1 9 1 3 -1 4 .
$ 1 ,1 8 4 ,4 1 7
9 . 1 5 3 ,9 4 2
3 9 6 .3 3 2

$ 3 ,3 5 5 ,7 9 8
$ 3 7 3 ,5 0 0
1 , 3 1 1 ,3 8 7

_

B O S T O N R A I L R O A D H O L D I N G C O .— I n c o r p o r a t e d in
J u n e 18 1 9 0 9 u n d e r s p e c ia l A c t w it h p o w e r t o h o l d spnnriM oM a ? 8S ° h ? 8e H s
M a in e .
T h e N . Y . N . I I . & H a r t f o r d o w n s * 3 l O R ^ n n 4^
0 f l i o s t ,o n ,&
a n d as g u a r a n to r h a s p a id t h e p r e f. d iv s . w h ic h t h e
stock ,
O w n s $ 2 1 ,9 1 8 ,9 0 0 c o m m o n a n a $ 6 5 4 ,3 0 0 p r e f s t o c k o f S l k l T u
•
o r 5 2 . 9 % o f s t k . , f o r w h ic h h a s b e e n Issu ed $ 2 7 2 9 3 9(W °nnn ^ V*?810? . ? M o '
p r e f . s t o c k , r e d e e m a b le a t 1 1 0 , g u a r . , p rln & d iv s ’ h y
n,? 4 % c u r a .
$ 2 4 ,4 9 3 ,9 0 0 .
V . 9 3 . p . 8 70 . 1461; V 9 4 , p .
en d orsem en t b y th e
I n M a r c h 1 9 1 4 . u n d e r o r d e r o f c o u r t t o d i v o r c e t h e 's v s t e m
n *, at
;o c k w a s t r a n s fe r r e d t o f i v e t r u s t e e s vi-, • j / . . L sys,“e n ! ' t h e B . & M .

B R A Z IL

15

111

B a la n c e . s u r p l u s ______________________
$512 820
tru-Pi 3y?i 5 ' i L ca .rri ? i 8 -W 5 ,4 2 1 t o n s o f b i t u m in o u s c o a l" ( o u t o f 14 133 ~ 8fis
t o t a l t o n s o f f r e i g h t m o v e d ) , a g a in s t 7 , 1 0 7 , 8 5 7 in 1 9 1 4 -1 5 .
t o o .868
^Pres., W m . T . N o o n a n , R o c h e s t e r : V . - P . , A d r i a n I s e lin
• a a d W . E m lo n R o o s e v e l t . N . Y . ; T r e a s . . J . F . D i n k e y . R o c h i t e r S e c
a n d A s s t . T r e a s . , E r n e s t I s e li n , N e w Y o r k .
*
u cn esccr, s e c .
D ir e c t o r s — H e n r y G . B a r b e y . A . I s e lin J r . . W m . E . I s e lin W a l t e r n
O a k m a n , C O ’ D . I s e lin , W . T . N o o n a n , G e o r g e E . R c io s e v e R W E m le n
R o o s e v e l t E r n e s t I s e li n . O ’ D o n n e l l I s e lin , O s c a r G risV h S a m u e l W o o lv e r
t o n , H a m ilt o n F . K e a n .
N . Y . o f f i c e , 3 6 W a ll S t . — ( V . 1 0 4 p 1 4 8 3 2 1 1 R i
B U F F A L O & S U S O U E H A N N A R A I L R O A D C O R P — (See Man ) —
O w n s f r o m S a g a m o r e . P a . , t o W e l ls v l ll e , N . Y . . w it h s e v e r a l b r a n c h fin M
i n c l . 1 5 m il e s t r a c k a g e .
T o t a l m il e a g e D e c . 3 1 1 9 1 6 ,2 5 3 .
I n c o r t^ in P e n ^ ’
s y l v a n i a a n d s u c c e e d e d D o c . 31 1 9 1 3 . p e r p l a n V . 97 n 15 0 3 t e i { £ 5 "
M l., f o r e c l o s e d D e c . 5 1 9 1 3 . V . 9 7 , p 15)52; V . 9 3 p . P1 5 9 6
F o r d e s * in :
t i o n o f p r o p e r t y s e e a n n u a l r e p o r t f o r 1 9 1 4 in V . 1 0 0 , p . 1 0 0 7 - a l s o d 9 8 9
C o n n e c ts a t D r iftw o o d J c t . w it h P e n n s y lv a n ia R R . fo r B u ffa lo .
P 9 9‘
S T O C K . — A u t h o r i z e d ( p a r $ 1 0 0 ) , c o m m o n . $ 3 , 0 0 0 , 0 0 0 ; 4 % D ref (n *r
?A,CV“ u l ? t1, X?na f t e .r; J a n ’ 1 19.15. $ 4 , 0 0 0 , 0 0 0 . ’ V i l l b e hel’d ^^6 v o t i n g M
“ ‘R h J a n - 1 1919.
P . G . B a r t l e t t a n d J'. S \ 'F a r le 4 o f N . T V a n d ^ d ^ r d R *
S m i t h , 1 h l l a ., v o t i n g t r u s t e e s .
L is t e d In P h il a d e l p h i a .
V . 1 0 0 n ' l 591
D I V I D E N D S (s e e V . 1 0 3 , p . 2 0 7 8 ) —
O n c o m m o n in 1 9 1 7 p a i d , M a r . 1 5 . "l

1916.
% ; Jun e 30,

l^ i% .

19 17

"

* ..................

R O N D S r _ T h ? R « t M . b o n d s ( $ 1 0 , 000,000 a u t h . ) a r e s e c u r e d o n t h e e n t ir o p r o p e r t y a n d f u r t h e r b y d e p o s i t s o f m o r t g a g e s agt?refiratln e
mo
o n c o a l la n d s o f t h e P o w h a t a n C o a l & C o k e C a a n d X S n r f
f o r $ 1 ,3 0 0 ,0 0 0 o n t h e p r o p e r t iM o f t h e B u f f a l o & ’ S u s q e u h t n n ^ C o a T & C o k e
C o . , a n d o f all t h e s t o c k o f t h e A d d is o n & S u s q u e h a n n a R R a n d a ll t h e
s t o c k a n d b o n d s o f t h e W e l ls v ille C o u d e r s p o r t & P i n o C r e e k R R & a n d o f a ll
th e s to c k o f th e K e y s to n e S to re C o .
V . 7 3 , D . 6 1 9 8 9 9 - v fid n
Ae
O f t h e b o n d s . $ 6 , 9 5 9 , 0 0 0 h a v e b e e n I s s u e d . T h e r e m a in in g $ 3 ( ? i l 0 0 0
b o n d s , o r a n y o f t h e m , m a y b e a r n o t t o e x c e e d 5 % i n t e r e s t a n d c a n b e i . i ’u e d
o n l y f o r a d d it i o n s , e x t e n s i o n s , i m p r o v e m e n t s , a c q u i s i t i o n s o f p r o p e r t y o r

990

7




R A IL R O A D C O M P A N IE S

[For abbreviations, &c., see notes on first page]

Buffalo Rochester & Pittsburgh—Common stock..Tr
Pref stock non-oum common 6% then pro rata.-Tr
R A P 1st M gold Rochester to Salamanca-IJn.zo
Rochester & Pittsburgh con M g - - - - - - - - - - - Un.zo
D R 4 P flrst gen mtge ($10,000,000) gold-.Un.zo
Line P & Chari 1st M gold g u a r ... —- — --l)n.zo»
B R & P Consol mtgo $35,000,000 gold.-Ce.x.c &r
Equipment bonds A B & C, each gold 8f - - - - - - -Ux
do
do D $2,000,000 goldred 105 sink fund*
do
do E $2,000,000 goldred 105 sink fundx
do
do F $3,000,000 goldred sinking f""'1 do
do G $3,000,000 goldSinking fund
do
do H gold SI25,000 duo yly text
Buff & Susa RR Corp—Common stock $3,000,000
Preferred stock 4 % cumulative.................... .
First mortgage $1 0 ,0 0 0 ,0 0 0 gold.- - - - - - - - - - - Eq*

C S X .ik

g?n

CamTnoMp1acervniL & Lake Tahoe R R - l s t M_’._.
Canada S Q u l V T ^ m i n a f R y - m M $740,000 golc
Cacons guar gold bonds (lrt M on malnUne) Q.zc*&r

Miles Date
Road Bonds

109
234
253
10
367

1881
1882
1887
1889
1907
’99-01
1902
1904
1907
1909
1913

Par
Value

Amount
Outstanding

1907
ook Isl and & Pacific R y.
n & Q uinoy.
1,000 3,000,000
140 1914
1.000 1,699,000
25 1911

61 1914
734.000
1,000
26 1911
500,900
25
39
1,000
350,000
30 1897
100,000
100
8 1911
1,000
740,000
36 1910
100 15.000,000
380 1912 1.000 &c 22.500,000
130.000
1,000
14 1895

s s i f i|

When

Rate

Last Dividend Places Where Interest anc

Dividends are Payable
Payable and Maturity
%
St. New Yoik
$100 $10,500,000 5 in 1916 F & A Feb 15 1917 3 36 Wall
do
do
100 6.000.000 3 In 1916 F & A Feb 15 1917 3
do
do
6 g F Sc A Feb 1 1921
1,000 1,300,000
do
do
6 g J <So D Deo 1 1922
1,000 3.920,000
do
do
5 g M & S Sept 1 1937
1,000 4.427,000
do
do
5 g J & J Jan 1 1939
350.000
1.000
do
do
4H g M & N May 1 1957
1,000 &o 10,732.000
do
do
4H g M & N May 1919-20-21
1,000 2,391,000
do
do
414 g M & N Nov 1 1919
499,000
1,000
do
do
4M g M & N May 1 1922
809.000
1,000
do
do
4 H’.g A & O Apr 1 1927
1,000 1,4 24,000
do
do
4 g • A & O Oct 1 1929
1,000 2,096.000
do
do
6 g J & J Jan '18-Jan '30
1.000 1,625,000
Various June30 '17, 114 By trustee's chock on NY
10J 3,000.000
do
do
100 4,000.000 See text See text June30 '17, 2%
E. B. Smith Sc Co., N. Y.
4 g J Sc J Dec 30 1963
100 Sec 6.959.000
Columbia Trust Co. N. Y.
F & A Aug 1917
6
43.000
1.000

0-_„,rino, nr discharging liens on property of corporations i n which 90% of
l ^ J u n w m d s S g fund for redemption of bonds at not to exceed par
and lnt $ 5 0 000 per ann. for 35 years; also all sums In excess of $50,000 per
an received on account of principal of any mortgages heId as collateral
under such mortgage and any further payments authorized in case of issue
of further bonds* or othorwiso. Bonds retired through operation of the
sinking f ind to bo hold alive. To Juno 1 1917 $348,700 had boon retired.
V 97 p. 1503: V. 98. p. 1765: V. 100, p. 980. 1006.
BUFFALO & SUSQUEHANNA COAL & COKE CO.—This company
tho $1,300,000 2d M. 5% -bonds of which are owned by the B. & s. llli.
Corn., owns coal lands at Du Bols, Onondaga and Sdgamoro. Pa.
Six mines in operation. V. 77, p. 1301; V. 79, p. 2091-92, V. 82, p. 1322,
V 85, p. 1266. 1st M. 5% bonds, $1 ,5 0 0 ,0 0 0 , held by public.
POWHATAN COAL & COKE CO.—This company, all of whose bonds
are owned bv the B. & S. R R . Corp,, owns coal lands at Tvlcr and at
Sykes. Its coking plants have a capacity of 1,800 tons of coke daily. Key­
stone Store Co., stock $50,000, all owned by R R . Corp.
REPORT.—For cal. years 1916 and 1915 (V. 104, p. 1381; V. 102,p. 436)‘
1(11(1
1015.
UlO.
1910.
ci fi7 8 (i’sfi$l 532 863 Int. 1st M. bonds.$261.522$270.015

m

TotaHet
014,013 707!507 Balance, surplus..$298,551$222,722
ntnpnTnna (and Officers).—E. R. Darlow (Pres.). Edward B. Smith
l> fi Bartlett. Radcllffo Chcston Jr., Herbert II. Doan, J. S.
V1 Tlali Percy C. Madeira, W. Ilinckle Smith, Julius F.Workum,
S fe n Y a S
McAllister. F. E.
Hall is Sec.-Treas.— (V. 104, p* 559, 1381.;
"BURLINGTON.” —See CHICAGO BURLINGTON & QUINOY RR.
ittp apjaconda & PACIFIC RY.—Owns Butte to Anaconda,
WPS? to Southo?n Cro^sV49 miles; spurs. 34 m.; sidings. 57 m.;
k*°nrt-•,M n ilso leasos Stuart to Anaconda, 9 m.; total, 149 miles, of
total, 138 "Vrp^fnrratpd electrically. V. 97. p. 1114; V. 96. p. 135. Stock,
^rnn^nft of*whlchAmerada Copper Co. owns 51% and Chic. Milw. &
I ? D i v i d e n d s : 1910 and 1911. 6%; 1912, 3% and 150%
St. J “V1.
ondinir Tune 30 1915. 5%. Bonds ($5,000,000 auth. Issue),
^ ann0 0 0 ()Bh'avo been sold, aro guaranteed prln.and Int. by Ana'Ti'i1c^nrrMInlnKCo. Redeemable for sinking fund at 105 on any lndnvPsinco Feb 1 1915. V. 98. p. 837. For year ending Dec. 31
1 6 8 ,1 3 2 ; net, $703,336; othor income, $30,323; charges.
$2 0 6 ^3 2 0 ?diVs (1 2 %), $300,000; bal.. sur.. $227,339.—(V. 101. p. 1884.)
* THPRFS RR.—Owns Cairo, 111., to the bridge aoross the
vftTai.liLni niver at Thebes, 111., 25 miles. Leased to St. Louis Iron Mtn.
¥ « 8J l T n Rv (o 99 years from Mch. 1 1911. rental covering Interest on
* Southern Ry.
■■ «2 000,000 4% bonds, of which $1,699,000 are issued
ii„**U2n ■
owned by L. % N. Under modified lease St. Louis
and out?tanding.
, s. w. can use tho terminals when they apply.
V H
oarn nran ‘2l d Columbia Trust Co. of Louisville. Ky.. trustee. Stock.
, V o V 'p i “ boo. P r i • A. Robertson, St. Ix.nl,.-(V . 05. 0. 1121.)

K“ ro" crt- 223 1

CAI IPORN IA-WESTERN RR. & NAV. CO.—See pago 208.
CAMBRIA & INDIANA RR.—See pago 208.
CAMDEN & BURLINGTON COUNTY RY.—Owns from Pavonia ,
WT to Pemberton, N. J.. 22.34 miles; branch, Burlington, N. J., to Mt.
Uollv 7 12 m.; connection with P. Sc. A. KR. at Birmingham, N. J., 0.39
I^ - pHinr branches, 8.92 m.; total. 38.77 m. Organized in 1915 as a conSiidaUM
stock,
$800,000.
V. 101,
p. 40. 1092;
102.
soildatlon. Authf
AUU capital
v
by pC
nn. hit., which
guarantees
6% onV.stock.
in 6Hjl5 CTOss? $287,194; oper. def., $1,100; loss to lessee under rental1
$27.087.’—(V. 101. P- 46, 1092.)
r-AMiNO PI ACERVILLE & LAKE TAHOE RR.—Placorville to
rni s M miles, stock, $100,000. Bonds, see table. Year
Cal. •
erogg 3 5 013; net loss, $4,153. Pres. Sc Gen. Mgr.,
L - Chamberlain. Office. Camino. Cal!
r*ama rva & m il P TERMINAL RY.—Owns Ste. Favie to Matano,
Qms^ 30 miles. Stock author!^. W.OOO.OOO; ^^r $100 BoniD, soo
fnhln Pros.. M. J. O’Brion. Montreal. Quo., v.-iros., 1 1 . j. Lyons,
Matano, Quo.; Sec.-Treas., Hugh Dohcny, Montreal, Quo.
CANADA MICH. & CHICAGO.—Bonds worthless.—(V. 63. p. 838.)
CANADA SOIJTHFRN RY.— (.See M a p s N e w Y ork Central L in e s.)
ROAD.—Main line from Suspension Bridge stat l^ ’u?tr\ahfc1 nfc C^ llle!X1
7I
Bridge, to Windsor. Ont., 226 m.; branches to Courtright, Ont., &c.. and
controlled lines. 154 ra.; total. 380 m.; Oani^a So. Bridge, 2^ m. Track­
age, St. Thomas to London, Ont., 15 m. Double track, 242 miles.
ORGANIZATION, ETC.—The companyT was chartered In Canada
Feb 28 1868 and debt readjusted In 1878. In
a new lease to
Mich. Cent, for 999 years, the latter, w hich owns $7,810,000 stock, guaran­
teeing dlvs.. rate since Jan. 1 1911. 3% yrly. V. 76. p. 1191. 1247.
In Oct. 1916 had arranged to Join with other roads in guaranteeing
$2 000 000 consols, of Toronto Hamilton & Buffalo Ry. (which see).
q’he Mich. Cent, guarantees, prin. and int. of $40,000,000 50-year bonds,
Int. not to exceed 5%. of which $2 2 ,5 0 0 ,0 0 0 5s were sold to refund the
$14,000,000 6s and $6,000,000 5s maturing Jan. 1 and Mch. 1 1913. respec­
tively. and to cover the cost of Improvements made and to be made, lho




17

RAILWAY STOCKS AND BONDS

J u n e . 1917.)

5g
4

F & A Feb 1 1944
M & S Mch 1 1961

6

A

&

5g
6
4g
6
5g
3
5g
4g

M
J
F

A

Sc
&
Se.
Sc

J
F
A
A

Sc
Sc
Sc
Sc

Guaranty Tr Co. N Y
See text

Anglo-Cal Tr Co, San F
0 Oct 1 1934
Girard Trust Co, Phila
N May 1 1936
J July 1917 3% Broad St Station, Phila
do
do
A Feb 1 1927
Interest in default.
T-)
O Oct 1 1921
Royal Tr Co, Montreal
J Dec 31 1930
A Aug 1 1917 1J4 Grand Cent Term, N Y
do
do
O Oct 1 1962
Agts Bk of Montreal. N Y
o Oct 1 1945

remaining $17,500,000 are reserved to refund the $130,000 divisional bonds
and for additions, extensions. Improvements and additions at not over
$3,000,000 yearly. Bonds aroTree of Canadian taxes. V. 95, p. 1607. 1744
V. 96. p. 134, 200. 789, 1421.— (V. 96. p. 553. 789, 1421, 1884. 1972.)
CANADIAN NORTHERN RAILWAY SYSTEM.— tSei- M a p . ) . —The
Canadian Northern Ry. System, with a maximum grade of practically >4
of 1%. in Julv 1916 had in operation 9.455 miles, extending from Quebec
Montreal and Toronto to Vancouver, British Columbia, with many
branches and intersecting lines in the provinces of Quebec. Ontario, Mani­
toba, Saskatchewan and Alberta It has in effect practically threo main
line divisions beginning west of Winnipeg, viz.; (1) the Transcontinental
Division, passing through Edmonton, ou the way to British Columbia; (2)
Northern Division, extending to Prince Albert, (3) the Southern Division,
passing through Brandon and Regina, and reaching Calgary by way of the
Goose Lake country, rich in its production of grain, cattle and domestic
coal. V. 103, p. 664. 238, 2340. Mileage under construction Juno 30
1916: Eastern lines, 132 miles; Prairie lines, 510 miles; Pacific lines, 306
miles; total, 948 miles. Grand total when completed, 10,403 miles.
In 1916 Canadian Pari, granted co. a $15,000,000 loan.—V. 102, p. 1981.
A bill passed by tho Dominion Legislature in June 1914 provided for
(a) tho guaranty by the Government of S45.000.000 additional 4%
bonds or debentures to aid in completing the system to a total of 9,876
miles; (b) an increase in tho capital stock of S100,000,000, of which $40,­
000,000 to bo owned by Canadian Government and $60,000,000 by Mac­
kenzie, Mann & Co., Ltd. The last-named turn over to the Cana­
dian Northern Ry. Co. the bulk of their stock holdings in the allied railways
and tho beneficial interest In the associated express, steamship, telegraph,
&c., properties. The ownership of the system is therefore concentrated in
the Canadian Northern Ry. Co., which holds the following amounts of
stock in the several associated companies whose lines, built or building,
aggregated the mileage here shown (compare V. 98, p. 1600, 1607 1918):
M ile a g e Operated and S u b. C o's Stock Owned bp S ystem M a r c h 1917.
M i l e s o p . ---- Capital Stock 1 9 1 7 ---*S ee separate statement for this com p a n y. M a r ' 17
Total.
O m ied .
♦Canadian Northern Pacific Ry_______ 502 $25,000,000 $25,000,000
3.000.
0003,000,000
Canadian Northern Alberta Ry_______ 259
2.000.
0002,000.000
Canadian North Western Ry__________ 263
See above
Canadian Northern Ry_______________4,918
1,000,000
1.000.000
Canadian Northern Saskatchewan Ry—
50
♦Canadian Northern Ontario Ry_______ 1,508 10,000,000 10,000.000
53,500
53.000
Irondale Ban. & Ottawa--------------------- 52
3.331.000
3.329.000
♦Central Ontario Ry________________ 167
1.395.000
1.395.000
♦Bay of Qulnte Ry_________________
55
Fee owned
Brock. Westp. & N. W_______________ 44
9,550,000 See that co.
♦Canadian Northern Quebec Ry_______ 356
4,524,000
4,002,800
♦Quebec & Lake St. John_____________ 285
1,000,000
925,000
Halifax & S. W. Ry..........................
368
6.000,000
3,060.000
♦Duluth Winnipeg & Pacific Ry_______ 171
6,181,500
4,446,700
Northern Consol. Holding Co-------------- —
Northern Pacific & Manitoba Ry______ 351 (Leased from Nor. Pac.—
V. 73. p. 610.)
Niag. St. Catherines & Toronto Ry------------- 62 (See “ Elec. Ry. Section” )
Total.................................................. 9,410
The Can. Nor. Ry. also owns all the capital stock severally of the Cana­
dian Nor. Manitoba lty., $250,000 Can. Nor. System Terminals, Ltd.
(V. 85, p. 863). $2,000,000 Mt. Royal Tunnel & Terminal (see that com­
pany and V. 104, p. 1898), S5,000,000, &c.
LEASED LINES.—The Manitoba lines of the Northern Pacific Ily.;
351 miles, are sublet from the Provincial Govt, for 999 years from May 30
1901 at $210,000 annually for the first 10 years, then $225,000 for 10 years,
then $275,000 for 10 years, and thereafter $300,000, with option of purchase
for $7,000,000. V. 72, p. 437: V. 73. p. 615.
Qu’Appello Long Lake Sc Sask. deb. stk., V. 83, p. 214, 324, 688, 1036.
CAPITAL STOCK.—Of the $125,000,000 cap. stock as Increased in
1914. $25,000,000 Is Issuable only in exchange for income charge stk.;
V. 98. p. 1600; V. 100, p. 393.
FUNDED DEBT.—The “Issued" funded debt of the entire system,
9.599 miles, not including 394 miles of leased lines, was given in detail as
of April 15 1916, in V. 102, p. 1981, including amounts pledged.
Tho issue of $45,000,000 debenture stock was guaranteed in 1914, princi­
pal and Interest, by tho Dominion Govt, under plan outlined in V. 98, p.
1600, 1607. 1918. In May 1916 $44,866,667 of this issue had boen disposed
of as follows: Sold in 1914 and 1915. S17.033.333 (£3,500.000); pledged
with Dominion Govt, against advance of $10,000,000 Dominion notes,
S12.500.000; pledged as part security for 2-year 6% notes for $11,500,000.
SI5.333|333. See also V. 102, p. 1982: V. 99. p. 269. 341, 536. 747, 1129.
1450; V. 100, p. 307. 1591.
4 J u t
v , .
Tho £2,555,600 4% first mortgage consolidated debenture bonds of
1904 have principal and int. guaranteed by Govt, of Manitoba. A part
of this issue is held in trust to retire: (a) £105,300 Manitoba & Soutneastem 4% first lien on 108 miles, assumed; (b) £233,700 Canadian
Northern lty., Sifton branch,4% bonds,secured on 197 miles Sifton Junc­
tion to Erwood, guaranteed, prin. and int., by Manitoba Government;
(c) £500 Gilbert Plains 4% bonds. V. 80, p. 116; V. 78, p. 1274; V. 79.
p. 2794; V. 81. p. 1607; V. 82. p. 568.
Particulars regarding various of the securities Issued were given in V. 102
p. 1981, also as follows: (a) Perpetual consolidated debenture stock, V. 76,
p. 1247; V. 77, p. 87; V. 80. p. 996: V. 81.p. 1609: V. 86. p. 1099; V. 87, p.
36: V. 89. p. 1279; V. 90, p. 770, 1424. 1489: V. 93. p. 406; V. 94. p. 1695:
V. 98. p. 1601. (b) 3% 1st M. debenture stock, guaranteed by Dom inion
Government, dated July 29 1903, V. 80, p. 1234; Y. 76, p. 1299. (c) Cana­
dian Northern Alberta, V. 90. p- 1295: V. 92, p. 794, 880; V. 93, p. 162:
V. 96, p. 284. (d) Debenture stock, guar, by Province of Saskatchewan
and Province of Alberta, see V. 89,p. 40; V. 88, p. 761, 1497, 1619; V. 91.
p. 1322; V. 94, p. 1316: V. 97, p. 1582; V. 98, p. 761. (e) Canadian North­
ern Western Ry. 1st M. 414%, guar. prin. Sc Int. by Province of Alberta ,
V. 93. p. 1724; V. 97. p. 1583; V. 98. p. 610. 838, 1155.

RAILWAY STOCKS AND BONDS
[V ol . 104




00

J u n e , 1917.]

R A IL R O A D C O M P A N IE S
(F o r abbreviations, A c . , see notes on first page]

M iles Date
Road Bonds

Canadian Northern —Stock $125,000,000-..
177 1899
Canadian Northern Division $8,000 per mile Guar­
108 1899
Manitoba & S E (assumed $8,000 per mile) - anteed
27 1900
Gilbert Plains Branoh $8,000 per mile----- by
287 1901
Ontario Dlv 1st M deb £36.200 are 4 34»----- Man.
1904
alst Con deb M(Man lines) $10,000 p m o&r, Govt.
Manitoba Provincial bonds $8,000 per mile----------Perpetual consol debenture stock (V 81, p 1609) __
1903
First M deb stk $13,000 p m guar by Canadian Govt
1908
1st M stock $13,000T) m guar by Canadian Govt.1914
Deb stock $45,000,000 gu by Can Gov't red par . .
1909
First mtge deben stock guaranteed by Saskatchewan
1909
do
do
guaranteed by Alberta------do
do
guaranteed by Manitoba—
1910
1909
Winnipeg Terminals mtge gold guar by Manitoba.o*
Inoomo-charge convertible deb stock redeem text..
1913
Secured notes £2,000,000 auth red 101 (V97, p 520)
1913
do (V. 98. v . 1601)................ .................. .
do $3,000,000 duo each year gold--------- --G.C
1916
do one-year (terminal) gold notes--------- Ce.c*
— 1916
Loan of $10,000,000 Dominion Gov’t notes obtained
on pledge of $12,510,000 4% guar debentures..
1914
1915
Secured notes (V 101. p 527) conv.- - - - - - — --Col
Secured g’ld notes $1,250,000 due y’y V 103, p71Cex
1917
1st land grant M red 110 (money depos to redeem)
1899
do
do red 105 to July 1917.............. .
1909
. . .
do
do callable at par
-------- - ----1913
Leading Outstanding Bonds o f A llied C om pa n ies —
249 1906
Qu’Ap Long Lake & Sask 1st M £1,050,000 guar..
Quebeo A Lake St John deb stock guar------ ------- 286 34 1911
Old 1st M bonds (£6,425) and Incomes (£21,127)
1901
Can Nor Alberta Ry 1st M deb stk guar by Can Govt
do
do
do
do
do
Can Northern Western 1st M guar by Alberta.,
160 1911
do
do
do
do
do
1912-3
Halifax & Southwestern Ry 1st M ___________
1909
Central Ontario Ry------------------------------------Can Nor Out—Can Nor Pac—Can Nor Quebec- Bay of Qulnte
Niagara St Cath & Tor—See “ Elec Ry Section"
Can Nor Coal & Ore Dock lstM$2,OOOtOOOcall 105- C o ... 1916

Par
Value

Amount
Outstanding

Rate
%

When
Payable

Last Dividend
and M aturity

Places Where Interest and
Dividends are Payable

$100 $ 100 000000
F & A Feb 1 1929
4
£100 11,137,340f
Can Bk of Com,NY;&Lon
4
F & A Feb 1 1929
£100 \ 512,4601
4
2,4331
M & N Nov 11930
£100 J
London and Toronto
£100 5,745,587 4 & 434 g J & D30 June 30 1930
London, Toronto & N Y
4
J & D30 June 30 1930
£100 12,436,280
Can Bank of Comm, Tot
4
349,000
A & O June 30 1930
$1,000
London. England
4
J & D30 Irredeemable
£100 See text
do
9,359,997
3
M 31-S30 July 10 1953
London and Toronto
7.896,590
334 J 20-J 20 July 20 1958
M & S Sept 1 1934
do
do
4
See text
8.030,000
4
J & D Jan 23 1939 • London
J & D Feb 25 1939
do
4
5.586,666
London and Toronto
J30-D 31 June 30 1930
2.859,999
4
London, Toronto & N Y
4 g J & J July 1 1939
$' & £ 3,000.000
25.mn.non Up to 5 M & N 2 May 6 1930
None paid 1915-May ’16
F & A 12 Aug 12 1918
5
£100 &c 9,733,333
9 ion non
5
J & D12 June 12 1919
6 g J & J 10 July ’ 17 & ’18 New York and Toronto
$1,000 6.000,000
do
do
5 g M & S Sept 1 1917
$5,000 1.750.000
Sept 1 1917
New York and Toronto
5 g M & S Sept 1 1917
$1,000 11,500,000
6 g J &J10 Jan 10 1918-19 New York
$1,000 2,500.000
Nat Tr Co, Tor or Lond
4 g F & A Feb 1 1919
£100 2.000.000
London, England
J & J July 1 1938
4
£100 &c 2,217,740
London and Toronto
J & D June 1 1923
6
£100 &c 7,300.000
Can Bank of Comm.Lon.
4 g J & J July 1 1936
5.019,681
London and Toronto
J & J Perpetual
4
4.359,015
194,086
£50,&c
London and Toronto
3,149,999
3 34 j 20-J 20 May 4 1960
Apr 1 1962
334
Tor, London. &c
S100 2,800.000
434 g M & N Oct 22 1943
Toronto and London
434 .T & D Feb 16 1942
£100 6.424.000
London and Halifax
4.447,000
334 M31-S30 Sept 30 1943
CanBk ofCom,Lon&N Y
J
& J Jan 1 1934
956.300
5
£100
Ry.—Du luth Winn. Sc Pac.— Seo those companies.
New York City
1,750,000
5 g J & J Jan 1 1936

In Jan. 1917 361,679,022 Porpet. Consol. Deb. stock had been Issued,
but a considerable part of this (at last advices $16,760,000) was outstanding
only as collateral for loans. V. 102, p. 1981.
INCOME-CHARGE STOCK.—The 5% Income-charge conv. deb. stock,
limited to $25,030,009, Is red at any time after May 6 1920 and Is con­
vertible until Jan. 1 1922, at holders’ option, into full-paid common shares,
$500 (or £102 17s.) of deb. stock for S500 capital stock, on 30 days’ notice.
The Interest is payable May 2 and Nov. 2 only to the extent that the net
earnings are sufficient after paying fixed charges. Interest paid in full to
Nov. 1914. No payments made in 1915, 1916 or 1917 (to July 1). V.
100, p. 1347, 1509; V. 90, p. 1674; V. 91, p. 1322; V. 92. p. 1031; V. 100, p.
284; V. 101, p. 46, 1464.
WINNIPEG TERMINAL 4s.—The 4s of 1909 are guar., prln. and Int.
by endorsement, by Province of Manitoba. V. 89, p. 665, 1480.
NOTES.—Issues of 1913 to 1917, V. 96. p. 236; V. 97, p. 520; V. 98, p.
1601; V. 100, p. 2084; V. 101, p. 46, 527: V. 103, p. 71.
The $6,000,000 notes dated July 10 1916 are due $3,000,000 July 10 1917
and $3,000,000 July 10 1918. See collateral (par value $9,115,114) carry­
ing Dominion or Provincial guaranties, in V. 103, p. 144.
The $1,750,000 notes, dated Sept. 1 1916 are secured by £514.000 of the
£2 400,000 outstanding bonds of Mt. Royal Tunnel & Terminal Co. (which
see), comprising a double-tracked electrically operated tunnel, over 3 miles
In longth, and railway terminal facilities in heart of Montreal,'all leased to
the Canadian Northern Ry. and the O. N. O. & C. N. Q. Ry. Cos., for
999 years for rentals which Include Interest on the Mt. Royal Tunnel bonds
and sinking fund payments sufficient to retire same by maturity. V. 103,
, p. 1209, 1887.
LAND GRANT BONDS.—$2,000,000 first mtge. 4% land grant bonds
are secured by 1,365,333 acres of land grant subsidies from Dominion of
Canada. V. 85, p. 1205: V. 76. p. 1083: V. 75. p. 183. 549: V. 81, p. 263.
F irst M . Land Grant 4s o f 1909, V. 87. p. 479. 1477; V. 88. p. 1126.
5% Land M ortgage D ebentures .—The bonds £3.500,000 auth. Issue, of
which £1,500.000 sold) are a specific charge on all of the dob. stock and
capital stock of tho Canadian Northern Town Properties, Ltd., which Is
developing towns and villages; also on the land grant of the railway and deerred payments on land sold. V. 100, p. 393; V. 97, p. 1424.
Im p er ia l Rolling Stock E qu ip. T ru sts, Series Gold ($500 and $1,000 each)—
In terest S em i-A n n u a l—-A l l 4 U s Except Series “ I I - 1” and “ L - 1” 5s.
—
O u ls t 'd g .A n .In s t a ll.D u e . S er. D a te. Outst’d'g.
................A n .I-n s ta—ll.D- u e .
S
er. D a te.
N&O ’07 $200,000 June 1917
C-1.1912 $1,200,000j/$100,000 A&O
100,000 $100,000 F&A P-1.1912 1,800,000 j/150,000 A&O
P __ 1907
340.000 170,000 Mar. E-l .1912 1.260.000 105,000 M&S
R__ 1908
300.000 100,000 Mar. P-1 .1913 2.740.000 210.000 M&S
S__ 1909
600.000 150,000 Mar. G-1.1913
T __ 1909
700.000 t/50,000 M&S
150.000 50,000 Nov. 11-1.1913
U—.1909
550.000 40.000 J&D
V__ 1910 1.200.000 300,000 Nov. K-1.1914 1.685.000 105.000 A&O
A-l-1911 1.476.000 184,000 F&A L-1.1916 1.250.00J 66.000 F&A
__
750,000 275.0J0M&S
B-l-1911
x Approximate, v Amount changes in 1917 or 1918.
As to equipment trusts L-l, 1916. see V. 103, p. 664.
G U A R A N T Y . —For first 3 years after road Is opened from Vancouver to
Quebec the Govt, agrees, at the request of tho company, to advance all or
any portion of tho lnt. on the 845,000,000 4% deb. Issue auth. In 1914 (see
abovo) and not to enforco the ro-payment of same until tho principal ma­
tures In 1934, provided the company pays 4 % lnt. on any sum so advanced
(V. 98, p. 1608, 1601.) Similar provisions were made respecting the
Dominion guaranty of the bonds on the Canadian Northern Ontario Ry.
between Montreal and Port Arthur, but for 2 years only.
LEASED PROPERTY.—Canadian Northern Coal & Ore Dock Co.
1st M. sinking fund gold 5s, due Jan. 1 1930 (callable at 105 & int.),
$1,750,000 outstanding in July 1916. See V. 103, p. 146, 323.
REPORT OF COMMISSIONS.—On Mar. 26 1917 a Special Commission
composed of Edward E. Loomis, Pres. Lehigh Valloy RR. Co., and John W.
Patten, Pres. U. S. Mtge. & trust Co., assisted by Coverdale & Colpitts
of N. Y., consulting engineers, made a report on tho property (seo V. 104,
p. 1700), concluding in substance:
1. Tho project as a whole is sound and Its traffic resources should de­
velop rapidly under normal immigration and labor conditions.
2. Its general topographic features are favorablo and its physical property
Is modern and generally in good condition; but incomplete as to certain im­
portant features; expenditures for maintenance should be increased.
3. Tlio capital invested appears to have been secured economically
and expended wisely. In our judgment tho road could not be duplicated
for anything like its cost.
4. Its fixed capital liabilities cover all of its 9,513 miles of line owned or
operated except 58 miles of trackage. They include: Bonds and equip­
ment notes, $282,127,431; short date notes, loans, &c. (V. 102, p. 1981),
$102,080,252; total, $384,207,683. [Income chargo convertible debenture
stock and common stock are not Included.]
5. Outstanding short-date notes, temporary loans, &c., which must be
funded, amount to $86,202,085, against treasury assets of $103,238,790.
6. Wo estimate tho system’s net cash requirements for completion of
terminals, extensions and branches (for most part already tinder construc­
tion), miscellaneous impts. and working capital at S54.000,000 over a
threo-ycar period, and at $86,000,000 for five-year period.
7. Wo estimate the total cash requirement atS67,000,000for three-year
period and at $101,000,000 for five-year period.
8. Wo estimate the fixed capital liabilities at S462,000,000, excluslveof
Income chargo convertible debenture stock at end of threo-ycar period, or
$46,569 per mile; and at $496,000,000 at tho end of fivo years ($47,715 per
mile).
9. We estimate that tho capital invested will amount to $521,000,000 at
end of tho three years, and to $5 5 5 ,0 0 0 ,0 0 0 at end of five years.
10. Wo estimate the gross revenue at $67,744,000 and profit and loss
surplus at $329,000 for the first year, following tho completion of tho three
year program, and at $80,320,000 and $4,615,000 during the firs year fol­
lowing tho five-year program. [Estimated gross for 1917, $41,000,000;
not, $10,250,000, .against $16,940,000 in 1920 and $24,800,000 in 1923, as




19

RAILWAY STOCKS AND BONDS

against interest charges estimated at $12,077,000, $17,942,000 and $20,285,­
000, respectively.
“ Roval Commission," seo V. 104, p. 1800, 1754, 1235.
EARNINGS.—4mos.J1917______ Gross, $33,411,400; net. $8,262,400
Jan. 1 to April 30. \1916...........Gross, 26,958,900; net. 6,825,600
REPORT.—For year ending June 30 1916, in V. 104, p. 159. showed:
Average miles operated as of June 30 1916 was 8,048 miles.
Oper. R ev. — 1915-16. _ 1914-15. J_ _O p c r .E x p — 1915-16._
1914-15.
Passenger____$6,128,471 S5.411,224 Maintenance. .$9,995,286 $6,846,801
562,995
Freight...........26,560,213 18,207,801 Traffic exp... 553.076
Transports . .13,384,548 10.154,511
Mail, express,
&c.............. 2.787,591 2,293,082 General, &c__ 2,169,834 1,724,507
Total earns...35,476,275 25,912,106 Net earnlngs.$9,373,530 $6,623,292
Fixed charges Canadian Northern Ry____________$6,533,062 $6,010,421
do
affiliated companies________________ 3,088,595 2,253,154
Int. on income chargo convertible debenture-------- --------- (234)625000
Balance, deficit, for years ending June 30--------- $248,127 $2,265,283
Previous accumulated surplus brought forward----- 3,745,179 6,962,894
Balance........... ..................... - ...................... .$3.497,052 $4,697,611
Delayed items, $67,886; accrued taxes, $50,000
(1915-16) ..................- ..........................................................................117 .8 8 6
6 7 7 ,2 0 1
Acer. lnt. on bonds & equip, securs. to June 30 ’ 16,
SI.509,670; less S907.215 accrued lnt. to June30’ 15 602,455
275,230
Total accumulated surplus as of June 30_______ $2,776,711 $3,745,180
OFFICERS.—Pres., Sir William Mackenzie; V.-P., Sir Donald Mann;
3d V.-P., D. B. Ilanna; Sec., W. H. Moore, all of Toronto, Ont. Direc­
tors, Sir William Mackenzie, Sir Donald Mann, R. J. Mackenzie, Z. A.
Lash, Frederic Nicholls, E. R. Wood, D. B. Hanna, W. K. George,
Toronto, Ont.; R. M. Horne-Payne, London, Eng.; W. J. Christie, Winni­
peg, Man.: II. W. Richardson. Kingston, Ont.—(V. 103, p. 578. 664, 933,
1117, 1209. 1887, 2340; V. 104, p. 71, 159, 256, 1700, 1800. 1898.)
CANADIAN NORTHERN ONTARIO RY.— {See M a p Canadian N o rth ­
ern R y .) —Owns: Montreal to Port Arthur, 1,010.94 miles; Toronto to
Capreol, 276.43 miles: Toronto to Ottawa. 250.25 miles: total, 1,537.62
miles. V. 92, p. 162; V. 97, p. 1023. Owns modem ore-handling plant at
Key Ilarbor, 80 miles from Moose Mt. iron mines.
ORGANIZATION.—Controlled by the Canadian Northern Railway
Co. Debenture stock, 334%. V. 87, p. 96: V. 88, p. 1060.
The 4% perpetual consol, debenture stock of 1909 is a first lien from
nawkesbury to Ottawa and from Ottawa to Niagara, via Totonto, with
additional charges on other lines; of this stock, excluding £532,192 under
trust deed of Oct. 4 1911, securing guar. 1st M. deb. stock of 1911, some
$8,883,638 is in hands of public. V. 102, p. 1981; V. 89, p. 162; V. 97, p.
1424.
In May 1911 the Canadian Government agreed to guarantee 3H% 50-year
1st M. deb. stock at $35,000 per mile on not exceeding 1,050 miles,toconstruct line from Port Arthur to Montreal via Sudbury and Ottawa Valley.
1,022 miles. See guaranty, V. 93, p. 1667; V. 92, p. 1635; V. 93, p. 1190,
1667.)
CANADIAN NORTHERN PACIFIC RY.—(See M a p Canadian Northern
R y .)—Owns a line across the Rockies from Yellowhead Pass to Vancouver
and Pacific tidewater, about 500 m.. opened for operation Oct. 1915.
Also a 150-mile line from the 100-mile post on the Vancouver Island section
to the east coast of Vancouver Island and a 145-mile line to Vernon, and
thence via Long Lake to Kelowna and to Okanagan Lake. V. 92, p. 1309:
V. 93. p. 526: V. 101, p. 46; V. 103, p. 2078. Has trackage rights between
New Westminster and Vancouver, B. C., 12.67 miles. Forms part of the
C. N. Ry. System.
„
.
,, .
Stock auth. and outstanding. $25,000,000; par, $100. First mtge. deb.
stock was issued under Act of 1910, guaranteed by the Province of British
Columbia, tho Canadian Northern Ry. to indemnify tho Govt, against any
loss. Of the deb. stock, £3,372,329 is listed in London and £550,000 and
£392,739 deposited as security for Canadian Northern note issues. V. 93,
1461; V. ^4, p. 1565; V. 91, p. 37, 93; V, 90, p. 696; V. 89, p. 1141:
The 1 st M. terminals 434% dob. stock authorized by the Terminals Act
1913, and guaranteed, prin. and Int., by the Province of British Columbia,
Is limited to $10.000,000 or Its equivalent, £2.054,794 10s. 4d. V. 96.
p. 651. 1838; V. 97, p. 297, 364; V. 100, p. 1591.—(V. 103, p. 2078.)
CANADIAN NORTHERN QUEBEC RY.— (See M a p C anadian N o r th ­
ern R y .).—Owns Montreal to Quebec, 176.07; Hurdman to Joliette, 124.24;
Rinfret Jet. to Huberdeau, 45.28; Paradise Jet. to Rawdon, 15-88; Aldred
Jet. to Shawinigan Falls, 3.80; Garneau Jet. to Riviere a Pierre Jet., 39.84;
total, 405.11. Sec V. 95. p. 1402; V. 97, p. 1023.
Capital stock, $9,550,000 common and $3,000,000 statutory 5 % Income
stock; outstanding June 30 1917. $9,550,000. Control held by Canadian
Northern Ry. Co. through its ownership of control of tho Northern Consoli­
dated Holding Co. V. 95, p. 1471; V. 96, p. 201; V. 97, p. 951.
SECURITIES.—Regarding 4% perpetual debenture stock guaranteed
by the Canadian Northern Ry., see V. 84. p. 968; V. 84, p. 693, <48.
There are $3,505,750 4% bonds of the Great Nor. Ry. of Canada, guar,
as to prln. and lnt. by Canadian Nor. Ry.; Central Trust Co. of N. Y.
EARNINGS.—Operated under Can. No. Ry. system.
Office, Toronto, Ont.—(V. 96. p. 201; V. 97, p. 950.)
CANADIAN PACIFIC RY.— (See M a p s ).—Owns a trans-continental
railway from Montreal to the Pacific Ocean, made up as followsDec 31 1916:
Montreal to Vancouver______ 2,895 Operated account of owners__ 778
Branches and auxiliaries_____ 5,087 Also controlled but oper. sep.—
Leased lines________________4,923 aMlnn. St. P. & Sault Ste. M__4,228
Used Jointly------------------------ 94 aDuluth South Shore & Atlantic 625
aSee each company's statement.
Total In trafflo returns........12,989 Spokane Int.Ry.(V.103,p.l981).164
Tho 5 mile tunnel through the Selkirk Mts. was put in use in Dec 1916.

C A N A D IA N

P A C IF IC

R A IL W A Y

The Minneapolis. St. Paul & Sault Ste. Marie Ry.
The Duluth. South Shore & Atlantic Railway^
AND

Ishimantikuaga11

JA M El

ANTICOSTI

CONNECTIONS

(EASTERN

SE C TIO N )

.
sLIVERPOO"
L . M ^tassim s

Sandy L.

,/

Lake /
-E v a n s '

Zhiska L.

S a g u en a y R .

t

^

Robervai^,
C
hambord
Shabog*™*

Cochrane

-s^ € %
viiartlaiid^r
Houdo/^ys

'Mathesox

i

ranees
Haley

SuntoWW*
Grand
Marais'?

Virglnl^\

v& S

Ya r m o u t h ,
UarrjTale!
v

A

^

7otji
jH
ARBOTLAUj&fi/
Ph£u*^VV^
iip»m<r

.»w

,>;i*,0'i'm,.I3seland

tLOHA(
Geu^

fe g fi

;ALLS

$
^ Waseca O vTinona^v^i^'
' \/ \ Kostin.—~-~£-ALaCro;
~Mbert LeaV_ --------

Waterloo^
uroru ^Hammond^**?
Clintog,c li.xon-^A^ora-#^^;
^■SbUey/J^ijCooV

s

leuP'i!^

NOTE
mam SIN
GLETRACK
--■■.■■ ■DOUBLETRACK
1
■bbb UNDERCONSTRUCTION
»••••• TRAFFICARRANGEMENT
ORTRAFFICRIGHTSONLY
6CALEOF MILES ___

[V0I.. lot.

X Caliuar
iMason City
^emein




RAILWAY STOCKS AND BONDS

a*'*

Albany River

IslandL.
Hear L.

Ju n e

Burns I-^e

Granville
Sandy L.

Waskaiowaka
^ '" j j e i s o n

id.

Porcvpi**^

Assean L.

1917]

{oaeetCK

_Nelson L.
[Sissipuk
Kississing L.
Gore L.

A th a p u p u sk ow

Bea<

,

Sipiwesk L.

Montreal L.

Cormorant L.

Cumberland L.

Molson L.

i (Moose Lake

Rossville

Island Lake

Vrince Albert Vj!

A----- S e V

Cedar L.

Hudson Bar/
'* } ■

LAK£

11r iititP M

C0URTTN4YC

R A IL W A Y

JX /

o s is ^ \ \ l \

norsToi* M
_ UN:<3if BAyc

* NANAIM
O'!
ustsmithI
R S pS

# L . Si. y
*

Brant

^

.

w

Martin j l /

;

\.
0 X;
.•V A *o

4 -tV ^,t3

-oehs7o£<5

l

S T O C K S

W
V
i
wVumcVc> *«
i^ a -

Prlncttou-^a^j

sl

Durban\ V
<ji Winnlpegosi:

r^okoxaia^

p a s s ’ s

r jg fe ^

t^ V °f

OrovB^S

>°

*6lr^£*2»^^oaen
5 ^

°* V - e g /
V %

vrvT • *»»'

' k V ,- ^

AiorrUj
\

■ W
xc
fe W oods

4 '/ ( " f x .iV

U
uDuom
ion
rilr
ERin
SO
MCily
\

ST.a«mouroaU-%*
.HUk B i v ^

.t*”
Two»l ToaS6" ^ ^

--'HU?, MINOf
^ S i S k S
makoti***^ .

irSsvHic
^

'iewistotri

lena

» K

Washburn1i«

Darnell

Baldwir S

w » S 5 &
(trsklneT^
; -----

Lombard

BISMARCK^
Stewartdaj«

Baker City
ingstoH'
Jk

1

C A N A D IA N

P A C IF IC

R A IL W A Y

The Minneapolis, S t. Paul & Sault Ste. Marie Ry.
The Duluth, South Shore & Atlantic Railway
And connections




/ w a h \ F aIJ/

/■Blackfoot \ j
L’ocntc/Jo /
ammon^

/

^ N s^\A nalevn^^^^,

sa-'Beau1

Aberdeen
Watertown^

^ rvada

<

mDetroit

Kc<i Lodge ‘

\ J j:( JAr°HAL

■jiftcWay

Fargo;

,Scranton'

JJpH°ivsrc

MAPOFTHE

|Mahnomen
ICallaway

TCARR'^T
e,M't ^Xeoi
o T» v^'^'r
)
*
'Wio>bloi 5“ T^ A

Iprlngfield

*£5

B O N D S

h w

Hinsdaji^Sa

^Vhitewood
Deadwood^*

PIERRJ

Wolsey
•Ipestone
Chamberlain
^3io,ux Fallax^.

A N D

“ CARM*s

-ALIO/

’aseca

R A IL W A Y S T O C K S A N D B O N D S
[Vo l . 104.




<3
tv

J u n e . 1917.]

M ile s
Road

R A IL R O A D C O M P A N IE S
[F o r abbreviations, A c .. see notes on fir s t page J
C a n a d ia n N o r t h e r n O n t a r io — G u a r d e b s t k (s e e t e x t )
P e r p e t u a l c o n s o l i d a t e d d e b e n t u r e s t o c k _____________
G u a r a n t e e d 1st U d e b s t k , 5 3 5 ,0 0 0 p e r m i l e -------------C a n N or P a c i f i c — 1 s t M d e b s t o c k g u b y B r i t C o l u m . .
1st M t e r m d e b s t o c k g u b y B r C o l . . . , - - .........................
B r a n c h lin o s t o c k ( $ 1 1 , 8 6 5 , 0 0 0 ) I s s u e d $ 5 , 3 3 9 , 1 2 8 - .
S e c o n d c h a r g e s t o c k ( $ 5 , 1 0 0 ,0 0 0 ) is s u e d $ 4 ,9 9 9 ,9 9 9
C a n N or Q u e b e c — G t N o r c o n s M 5 5 .4 6 2 .0 0 0 (te x t) Ce
P e r p e t u a l g u a r a n t e e d d e b e n t u r e s t o o k (s e e t e x t ) . .
C a n a d ia n P a c i f i c — S t o c k 5 3 3 5 .0 0 0 ,0 0 0 a u t h o r i z e d ------P r e f e r r e d s t o o k l im i t e d t o 4 % n o n - c u m u l a t l v e ------- r
F ir s t m o r t g a g e o n A l g o m a B r g ___________________ o * A r
O o n s o l p e r p e t u a l d e b e n t u r e s t o c k ------------------------ » -----C o l l a t e r a l b o n d s $ 2 0 0 ,0 0 0 ,0 0 0 c a l l p a r a f t e r 2 0 y r s
S D e cla l I n v e s t m e n t f u n d n o t e c e r t i f ic a t e s r e d p a r . .
V i c R o l l S t k & R e a l t y C o e q t r s e r T $ 4 7 0 ,0 0 0 s a P e P .c *

Date
Bonds

268
208
___

___
___
18 0

___
—

Par
V a lu e

1908
1909
1911
1909
1913
1904
. ..

____
1888
1889
1917
1914
1915

215 1884
M a n i t o b a S W C o l R y 5 1 2 .0 0 0 p e r m ile l n t g u a r g o l d
346 1887
A tla n tlo A N o rth w e s t— 1st m o r tg a g e g o ld g u ._ o » A r
58 1878
S t L a w r e n c e A O t t a w a — fir s t m o r t g a g e g o l d s e e t e x t
O n t a r io & Q u e b e c s t o o k g u a r a n t e e d in p e r p e t u i t y . .
678
O n t a r io A Q u e b e c d e b e n I n t e r e s t g u a r In p e r p e t u i t y
T o r o n t o G r e y & B r u c e 1 st M g o l d in t e r e s t a s r e n t a l
191 1 8 8 3
N e w B r u n s w i c k R y 1 st M g o l d l n t f r o m r e n t a l — o*
174 1 8 8 4
P e rp e tu a l c o n s o l d e b e n tu re s t o c k . In terest g u a r ..
1890
81
N e w B r u n s w i c k S o 1 st M ------------------ ---------------------------C a lg a r y A E d m o n t o n d e b s t o o k g o l d I n t e r e s t a s r e n t
1890
52 1905
B r a n c h lin o b o n d s 5 1 , 0 4 0 . 0 0 0 ( o w n e d b y C a n P a o )
I .l n d s a y B o b o a y g A P o n t y p o o l 1 st M 5 7 0 0 .0 0 0 g o ld
39 1903
Q u e b e c C e n tra l s t o c k d iv id e n d g u a r a n t e e d ..
1st M d o b s tk ln t g u ro d 110 a fte r 2 0 y r s . .
2 d M d e b s t o c k p r ln a n d l n t g u a r . ---------3 d M b o n d s p r ln a n d l n t g u a r a n t e e d - .
-------------A r o o s V a l E l R R 1 st M 5 3 0 0 .0 0 0 g r e d 1 0 5 l n t g u a r
14 1 9 0 9
M in n S t P * S a u lt S t e M a r ie a n d D u lu t h S o u t h S h o r a & A t l a n t lo
C a r o lin a C e n t r a l — B o n d s — S e e S e a b o a r d A i r L i n e R y
8 1903
C a ro C l i n c h f & O h io — L i c k C r k A L E 1 st M g a s s u - . x
256
1 st M 5 1 5 .0 0 0 .0 0 0 r e d 1 1 0 - - - - - - - .................... - F .x o *
1908
1909
M o r t g a g e g o ld n o t e s 5 5 ,0 0 0 .0 0 0 r e d e e m p a r . E q . x o *
E l k h o r n 1 st M g n o t e s (C a ll a t p a r ) .
. .
y c 3 1 .8 9
1 91 7
190K
E q u ip m e n t g o ld n o t e s s e r “ A ’ ’ d u e $ 1 3 0 . 0 0 Q s a . B « x

$20. Ac
$ 1 ,0 0 0
$ 1 ,0 0 0
£100 Ac
£50 Ac
$100
£1
£100
£10C
£1
$ 1 ,0 0 0
1 .0 0 0

500 A c
— S ee sta
1 .0 0 0
1 ,0 0 0
1.00C
1 .00(1

C O M M O N D I V S — ) ’ 0 3 . ’ 0 1 - ’ 0 6 . '0 7 - ’ 0 9 . ’ 1 0 . ’ l l . * 1 2 .t o J u n e 3 0 1 9 1 7 .
R R . e a r n in g s s i n c e 1 9 0 2 ) 5 ) 4 6 y r i y . 6 y r l y . 6 'A 7
7 y r ly 1 2 )3 % q u a r.
L a n d s a le s , l n t . , A c ------- J ......................... 1 y r l y .
1
2)3 3 y r ly /
B O N D S , D E B E N T U R E S T O O K . G U A R A N T E E D B O N D S . & c .—
L i s t o f s e c u r it i e s o w n o d J u n e 3 0 1 9 1 6 in V . 1 0 4 , p . 1 6 0 5 .
In J u n o 1 9 1 7 m a d e a l o a n o f $ 1 0 ,0 0 0 ,0 0 0 t o t h e I m p e r ia l M u n i t i o n s
B o a r d t o a s s is t In m e e t i n g f in a n c ia l r e q u i r e m e n t s f o r t h e p u r c h a s e o f m u n i ­
t io n s in C a n a d a d u r i n g t h e n e x t y e a r .
B r i t is h T r e a s u r y b i ll s , i t is s a i d ,
w o ro t a k e n a s s e c u r it y . V . 1 04 , p . 2 5 5 2 .
I n 1 9 1 6 -1 7 . f o r t h o b e n o f l t o f t h o B r it is h t r e a s u r y . t h e c o m p a n y a g r e e d t o
is s u o in t h o U . S . b e t w e e n $ 1 7 5 ,0 0 0 ,0 0 0 a n d $ 2 0 0 ,0 0 0 ,0 0 0 o r c o l l a t e r a l
b o n d s , s e c u r e d b y Issu es th e n o u t s t a n d in g , h e ld u n d e r t h e c o n t r o l o f th o
B r i t is h T r e a s u r y .
T h i s p l a n w a s i n d e f i n i t e l y p o s t p o n e d in 1 9 1 7 w h e n , w i t h
t h o e n t r a n c e o f t h o U . 8 . i n t o t h e w a r , o t h e r f in a n c ia l a r r a n g e m e n t s b e c a m o .
m o ro d e s ir a b le .
V . 104, p . 1604, 1590, 1898. . . .
L a t o In 1 9 1 6 $ 4 0 ,0 0 0 ,0 0 0 4 % c o n s o l id a t e d d e b e n t u r e s t o c k o v e r a n d
a b o v e t h o $ 1 7 6 ,2 8 4 ,8 8 2 ( £ 3 5 , 6 1 1 , 1 2 4 ) t h e n l is t e d o n t h e L o n d o n S t o c k E x ­
c h a n g e , w a s I s s u e d a n d l o a n e d t o t h e I m p e r ia l T r e a s u r y f o r a m a x i m u m
p e r i o d o f f i v e y e a r s , a t a p r e m iu m o f )3 % p e r a n n u m , o v e r t h e in t e r e s t
p a y a b le o n th e s t o c k .
P r o v i s io n Is m a d o i n t h e a g r e e m e n t f o r t h o s a l e t o
t h o B r i t is h T r e a s u r y o f t h i s s t o c k in a n n u a l i n s t a ll m e n t s , s h o u l d t h e c o m ­
p a n y r e q u i r e m o n e y f o r a n y o f i t s p u r p o s e s in G r o a t B r i t a i n , a n d t h e
T r e a s u r y r o s o r v e s t h e r ig h t t o p u r c h a s o a ll o r a n y o f t h e s t o c k d u r i n g t h e
f iv e y e a r s a t t h e p r ic e o r 8 0 % o f its fa c e v a lu e .
V . 104, p . 1604, 1388.
I n J u n o 1 8 9 0 c o m p a n y g u a r a n te ed t h e p r i n c ip a l a n d i n t o r e s t o f $ 2 0 ,0 0 0 ,0 0 0
4 % b o n d s is s u e d b y t h e D u l . S o . S h . & A t l . : a l s o 4 % l n t . o n C o n s o l i d a t e d
b o n d s o f t h e M i n n . S t . P . & S . S t e . M . , a n d in 1 8 9 9 i n t e r e s t o n t h o 2 d M .
4s o f th e la tte r .
O w n s D u l . S o . S h . & A t l . c o n s o l s , $ 1 5 ,1 0 7 ,0 0 0 .
St. Lawrence A Ottawa b o n d s a r e e n d o r s e d w lt n t h e C a n a d ia n P a c i f i c ’ * a c ­
c e p t a n c e o f a 9 9 9 -y e a r le a s e a t a r e n t a l s u f fi c ie n t t o p a y 4 % l n t . o n b o n d s ,
a n d th e b o n d h o ld e r s ’ a g re e m e n t to a o c e p t I n t . a t 4 % (In ste a d o f 6 % ) a n d to
r e fr y l n f r o m d e m a n d in g p r in c ip a l ( d u e 1 9 1 0 ) d u r i n g le a s e . V . 9 0 , p . 1 3 6 1 .
T h e New Brunswick Railway c o n s o l id a t e d d e b e n t u r e s t o c k h a s I n t e r e s t
g u a r a n t e e d b y C a n a d ia n P a c lllc ; in t e r e s t o n t h e 1 st m t g e . b o n d s , t h o u g h
n o t g u a r a n t e e d . Is p a id o u t o f r e n t a l u n d e r 9 9 9 -y e a r le a s e o f 1 8 9 0 .
T h e Calgary A Edmonton Ry. d e b e n t u r e s t o c k Is g u a r a n t e e d I n t e r e s t a t
4 % u n d e r n e w le a s e o f 1 9 0 3 .
V . ' 6. P . 435: V . 77. p . 6 3 6 .
T h e Lindsay Bobcaygeon A Pontypool R y. b o n d s a r e is s u e d u n d e r a 9 9 - .
y e a r le a s e c o v e r i n g t h e I n t e r e s t.
V . 7 7 . p . 1225:; V . 7 9 , p . 2 0 8 5 .
T h e I n t e r e s t o n t h e A r o o s t o o k V a lle y ( E l e c t r i c ) R R . 2 0 - y e a r 4 ) 3 % b o n d s ,
w h ic h h a s c o m p l e t e d a first u n i t o f 1 4 m ile s “ 0 ™ P r e s q u e I s le t o W a s h b u r n .
M e . . Is g u a r a n t e e d .
V . 8 9 . P - 8 4 6 : V . 9 0 , P- 1 0 7 : V . 9 2 . p . 2 5 9
V ic t o r ia R o llin g S t o c k & R e a lt y 4 ) 3 % V .9 9 , p . 1672 , 5 4 3 ; V . 1 0 0 .p . 1 3 9 .
S P E C IA L
IN V E S T M E N T
FUND
N O T E .C E R T I F I C A T E S .— O n
D e c . 8 1913 a tru st fu n d w as c re a te d k n o w n a s
H ie S p e c i a l I n v e s t m e n t
F u n d s ” , m a d o u p o f d e f e r r e d p a y m e n t s o n la n d s a le s a n d s e c u r it i e s in w h ic h
t h e c a s h p r o c e e d s o f la n d s a le s a r e I n v e s t e d , t o t h e a g g r e g a t e o f $ 5 5 ,0 0 0 ,0 0 0 ;
R o y a l T r u s t C o . o f M o n t r e a l, tru ste e ,
i n o t r u s t e e r e c e iv e s a ll t h e p r o ­
c e e d s f r o m t h e it e m s c o n s t it u t i n g t h e Inna, s t o c k h o l d e r s w e r e o f f e r e d t h o
r ig h t t o s u b s c r ib e p r o r a t a f o r $ 5 2 ,0 0 0 ,0 0 0 6 % n o t e c e r t i f i c a t e s a t 8 0 .
The
c e r t i f ic a t e s w ill b o p a y a b lo a t t h e ir f a c e v a lu o o n o r b e f o r e M a r . 2 1 9 2 4 . b u t
m a y b e r e d o o m e d b y d r a w in g s a t a n y t im e .
V . 97 . p . 1732, 1897: V . 99,
p . 544: V . 103, p . 937.
C om p a re V . 104, p . 160o, 1606.
L A N D S . — L a n d s u n s o l d D e c . 31 1 9 1 6 w e r e 2 0 0 ,8 5 9 a c r e s in M a n i t o b a ,
1 , 9 0 4 , 7 1 2 a c r e s in S a s k a t c h e w a n , 3 , 5 2 4 , 3 0 0 in A l b e r t a ( o f w h i c h 4 7 8 ,1 8 3
a r e i r r i g a t e d ) , 1 ,0 8 0 ,0 2 2 in B r i t is h C o l u m b i a a n d 4 6 , 9 3 3 a c r e s o f c o a l la n d
in B r i t is h C o l u m b i a , & c .
T o t a l o f a ll la n d s o w n e d , D e c . 3 1 1 9 1 6 7 4 4 4 181
acres.
Seo V . 103, p . 851 .
T o t a l s a le s f o r 6 m o s . t o D o c . 3 1 1 9 1 6 , 3 2 8 ,5 7 4
a c r e s , fo r $ 5 ,2 9 5 ,3 4 5 .
B o o k v a lu o o f u n s o ld la n d s a n d o t h e r in a c t iv e a s s o ts .
D e c . 3 1 1 9 1 6 , $ 1 2 3 ,4 4 2 ,2 7 5 .
S U B . C O S .— D o m in io n A t la n t ic R y . . Y a r m o u t h t o T r u r o , w it h b r a n c h e s ,
t o t a l 2 4 7 m il e s , w i t h 4 5 m il e s t r a c k a g e t o I l a l i f a x is l e a s e d f o r 9 9 9 y e a r s
fro m 1912.
V . 9 1 , p . 7 2 8 ; V . 9 0 , p . 1 4 9 0 ,1 4 2 4 ; V 9 3 . p . 1 4 6 1 ; v . 9 4 , p . 2 7 8 .
A lb e r t a R y . & I r rig a tio n C o ., s e e V 9 2 , p . 9 5 5 ; V . 9 3 , p . 5 9 3 ; V . 9 4 , p .
1316: V . 95, p . 617 .
Q u e b e c C e n tra l R y ., seo V . 9 3 , p , § 6 7 . 1106; V . 9 4 ,
p . 1625; V . 9 6 , p . 3 6 1 , 715 .
E A R N I N G S . — 4 m o s . , 1 1 9 1 7 ............. G r o s s , $ 4 3 ,4 4 4 ,6 4 6 ; n o t , $ 1 2 ,5 2 9 ,8 2 3
J a n . 1 t o A p ril 3 0 .
\ 1 9 1 6 ----------- G r o s s , 3 8 , 6 4 6 , 9 4 4 ; n e t , 1 1 , 5 3 9 ,8 1 7
R E P O R T .— F is c a l y e a r n o w e n d s D e c . 3 1 .
A n n u a l m e o t i n g is h e l d a t
M o n t r e a l o n t h o fir s t W e d n e s d a y in M a y .
R e p o r t f o r 6 m o s . t o D e c . 31
1 9 1 6 , in V . 1 0 4 , p . 1 5 8 5 . 160 4 ; f o r y e a r 1 9 1 5 -1 6 . V ,. 1 0 3 . p . 8 3 8 , 8 5 0 ; a n d
p r o c e e d i n g s a t a n n u a l m e e t i n g O c t . 4 1 9 1 6 , in V . 1 0 3 , p . 1 5 0 8 , 1 5 2 0 .

6 Mos. end.

Years ending June 3 0 1915.
1 2 ,9 1 7
2 4 ,0 4 4 ,2 8 3
6 0 ,7 3 7 ,7 3 7
1 4 ,0 8 3 ,1 9 0

R a te
%

$ 7 ,8 5 9 ,9 9 8
8 , 8 8 3 ,6 3 8
3 4 ,2 2 9 ,9 9 7
1 6 ,4 1 2 ,0 0 1
8 ,6 1 4 ,0 0 )

3X
4
3 )4
4
4 )4
4 )4

$100 A c

H I S T O R Y , E T C . — I n c o r p o r a t e d F e b . 17 1 88 1 u n d e r c h a r t e r f r o m D o ­
m in io n o f C a n a d a , r e c e iv i n g 5 2 5 ,0 0 0 ,0 0 0 In c a s h a s a s u b s i d y : a ls o 2 5 . 0 0 0 , ­
0 0 0 a c r e s o f l a n d , a ll t o b e f i t f o r s e t t l e m e n t .
S te a m s h ip s , s e o V . 1 0 0 , p .
811: V . 101, p . 616, 699.
S T O O K . — T h e I ssu e o f p r e f e r r e d m u s t n e v e r e x c e e d o n e - h a l f t h e c o m m o n .

Dec. 3 1 ’ 16.
M i l e s o p e r a t e d . . ...............
1 2 ,9 8 9
( 1 ) Revenues—
$
P a s s e n g e r ............................... 1 5 ,9 8 8 ,4 2 4
F r e i g h t ....................................... 5 1 ,9 4 5 ,2 9 2
M a i l , e x p r e s s , & c ..............
8 , 7 8 4 ,2 4 9

Am ount
O u tsta n d in g

4
$ 3 ,5 0 5 , 7 5 0
5 , 2 5 0 ,3 6 9
4
$ 1 0 0 2 6 0 ,0 0 0 .0 0 0 10 In ’ 15
4
$100
8 0 ,6 8 1 .9 2 1
£100 Ac
3 ,6 5 0 .0 0 0
5 g
£ & $
4
Seo T ext

S ec u ritie s o f P r in c ip a l L eased, A c ., L in e s .

1914.
1 2 ,0 1 4
$
3 2 ,4 7 8 ,1 4 6
8 1 ,1 3 5 , 2 9 5
1 6 ,2 0 1 ,3 8 2

T o t a l e a r n i n g s ________ 7 6 , 7 1 7 ,9 6 5
N e t e a r n i n g s ......................... 3 0 ,8 7 4 , 7 6 6
F i x e d c h a r g e s ......................
5 , 1 3 2 ,5 5 1
P e n s i o n f u n d .........................
2 0 0 ,0 0 0
T o s p e c ia l in c o m e a c c ’ t .
1 ,1 4 4 ,0 7 1
C o m . d iv s . 7 % p .a .( w it h
3 % p . a . fr o m s p e c ia l
i n c o m e — b e l o w ) ___ _
9 ,1 0 0 , 0 0 0
P r e f. d iv s . (4 % p . a . ) . .
1 , 6 1 3 ,6 3 8

1 2 9 ,4 8 1 ,8 8 5
4 9 ,2 2 5 .9 2 0
1 0 ,3 0 6 ,1 9 6
1 2 5 ,0 0 0
1 ,9 2 3 ,2 8 9
1 8 , 2 0 0 .0 0 0
3 ,2 2 7 , 2 7 7

1 8 ,2 0 0 ,0 0 0
3 ,2 1 9 , 0 5 1

1 7 ,1 5 0 ,0 0 0
3 ,1 0 9 ,5 2 0

B a l a n c e , s u r p l u s ............ 1 3 ,6 8 4 ,5 0 5

1 5 . 4 4 4 ,1 5 9

8 9 ,9 1 5

9 , 6 9 8 ,2 5 4




23

RAILWAY STOCKS AND BONDS

9 8 , 8 6 5 , 2 1 0 1 2 9 ,8 1 4 ,8 2 4
3 3 ,5 7 4 ,6 2 8
4 2 ,4 2 5 ,9 2 8
1 0 ,4 4 6 ,5 1 0
1 0 ,2 2 7 ,3 1 1
1 2 5 ,0 0 0
1 2 5 ,0 0 0
1 .4 9 4 ,1 5 2
2 ,1 1 5 ,8 4 2

5 2 , 0 0 0 ,0 0 0
1 0 , 8 1 0 ,0 0 0

L a s t D ivid en d
a n d M a tu r ity

Places W here In te re st a n d
D ivid en d s are P a y a b le

V a rio u s
A & O 2
J & J 20
A
&
O
A & 02

1936 a n d 1938
P e rp e tu a l
M a y 19 1 9 6 1
A p r 2 1950
A p r il 2 1 9 5 0
A p r 2 1950
A p r 2 1950
O ct 1 1934
P erp etu a l
J u n e ,3 0 1 9 1 7 2 ) 4
J u n o 3 0 1917 2 %
J u ly 1 1937
I r r e d e e m a b le
1947
M a r 2 1 9 2 4 _____
J u l y '1 7 - J u l y ’ 2 8

C a n B k o f C o m m e r o e .L o n
G B k of C om , T or A Lon
do
do
L on don and T o ro n to
do
do

Ju n e 1 1934
Ja n 1 1937
See te x t
J u n e 1917
3%
I r r e d e e m a b le
J u ly 2 6 2 8 8 2
Aug 11934
I r r e d e e m a b le
Jan 1 1933
2002
1955
J u ly 1 2 0 0 2
J u ly 15 1917 2 )4

L o n d o n A 3 1 P in e S t N Y
B a r in g B r o s A C o , L o n d
C a n P a c o ffic e , L o n d o n
M o n tre a l a n d L o n d o n
M o rto n , R o s e , L o n d o n
T oron to and L on d on
London .
do
G u a ra n ty T ru st C o , N Y
C a n P ao" O f f i c e , L o n d o n
C a n P a o O ffic e . M o n tr e a l
B k o f M o n t r e a l, T o r o n t o

A
J

& O
& D 31
Q— J
A
& O
J
A
J
J
A
J

M
6
4 )4 g J

5 Z
$ 2 ,5 4 4 ,0 0 0
£ 1 ,3 3 0 .0 0 0
5 2
(6 ) 4
£ 2 0 0 ,0 0 0
6
$ 2 ,0 0 0 ,0 0 0
5
£ 4 ,0 0 7 ,3 8 1
£ 7 1 9 ,0 0 0
4 Z
£ 6 0 0 ,0 0 0
5 Z
4
£ 9 0 4 ,5 3 3
$ 5 0 0 .0 0 0
3
£ 1 ,1 2 1 ,7 0 0
4 Z
4
$ 1 , 0 4 0 ,0 0 0
5 0 0 ,0 0 0
4 Z
5
£fiQ t 8 5 0
wft0 4 ,8 3 7
4
3 3 8 ,0 0 0
3J4
5
33ft, 5 0 0
$ 3 0 0 ,0 0 0
4 M g
te m e n ts o f th o s e o o
2 0 0 ,0 0 0
1 3 ,9 5 0 .0 0 0
2 . 0 0 0 .0 0 0
6 ,0 0 0 ,0 0 0
g o o non

W h en
P a y a b le

5
5
5
5

g
g
e
z

5 sr

&
&

S
J

J
A D
J
A
J
J A D 15
J
A
D
J
A
D
J
A
J
F
A
A
J
A
J
J
&
J
J 3 A
J
J
A
J
J
A
J
J A J15
F
A
A
J A J15
J A J15
F
A
A
m p a n le s
J
J
T
F
.1

A
J
A
D
A
.1
A A
A T )

J a n 1 1963
Jan 1 1963
A uz 11929
Jan
June
J u ly
Jan
D ec

Dec. 3 1 ’ 1 6 .

T o t a l ......... ...........................
D iv id e n d s (3 % p . a . ) . _ .

R o y a l T r O o, M on trea l

N Y a n d A u g u sta , M e

W ash (D C ) L oa n & T r C o
1 1933
B la ir & C o . N e w Y o r k
1 1938
do
do
1 1919
do
do
1 1920
do
do
’ 1 7 - D e c ’ IS

6 M os. end.
( 2 ) Other Income—
E a r n s , o c e a n S S ., A c ___
l n t . , d i v s . , & c . , r e c ’d ___

C a n B k o f C o m ,N Y A T o r
L on don
L o n d A 31 P in e S t, N Y
C o m p a n y 's O f f i c e , L o n d
B a r in g B r o s A C o . L o n d
C o m p a n y ’ s O ffic e . L o n d

-Years ending June 3 0 -

2 ,5 4 6 ,2 4 9
3 ,8 6 9 ,1 0 3

3 ,5 8 3 ,2 9 2
6 ,3 5 7 ,6 6 3

1915.
$
4 ,3 7 0 ,2 8 0
6 ,5 9 9 ,0 5 2

1914.
$
7 8 3 ,6 7 8
7 ,8 0 4 , 1 9 2

6 ,4 1 5 ,3 5 2
3 ,9 0 0 ,0 0 0

9 ,9 4 0 ,9 5 5
7 ,8 0 0 ,0 0 0

1 0 .9 6 9 .3 3 2
7 ,8 0 0 ,0 0 0

8 ,5 8 7 , 8 7 0
7 ,3 5 0 ,0 0 0

1916.

$

B a l a n c e ................. .............
2 ,5 1 5 ,3 5 2
2 ,1 4 0 ,9 5 5
3 ,1 6 9 ,3 3 2
1 ,2 3 7 ,8 7 0
T o t a l s p e c i a l i n c o m e . . . 1 0 ,9 2 2 ,4 5 1
8 ,4 0 7 ,0 9 9
6 ,2 6 6 ,1 4 4
3 ,0 9 6 ,8 1 2
O F F I C E R S . — P r e s i d e n t a n d C h a ir m a n . L o r d S h a u g h n e s s y , K . C . V . O . ,
V i c e - P r e s id e n t s . G e o r g e B u r y , I . G . O g d e n , G . M . B o s w o r t h , E . W .
B e a t t y , K . C . . M o n t r e a l ,a n d G r a n t H a ll, W in n ip e g ;S e c ., E r n e s t A le x a n d e r ;
T r e a s . , I I . E . S u c k li n g .
H e a d o f f i c e , M o n t r e a l.
D I R E C T O R S . — R i c h a r d B . A n g u s . G e o r g e B u r y . S ir H e r b e r t S . H o l t ,
C h a s. R . I lo s m e r , F re d e r ic k L . B e i q u e ,K .C ., L o r d S h a u g h n e ssy , K .C .V .O .
C o l . F r a n k S . M e i g h e n , J o h n K . L . R o s s , E d w a r d W . B e a t t y , K . C . , S ir
V in c e n t M e r e d it h , M o n t r e a l, C a n .; H o n . J a m e s D u n s m u ir , V ic t o r ia , B . O .;
W i l m o t D . M a t t h e w s , S ir E d m u n d B . O s i e r , T o r o n t o ; S ir T h o s . S k i n n e r ,
L o n d o n , E n g .; A . M . N a n t o n , W in n ip e g .— ( V . 1 0 4 , p . 1 6 0 4 , 1 8 0 0 , 1 8 9 8 ,
2 5 5 2 .)
C A P E G I R A R D E A U N O R T H E R N R Y . — O w n s fro m T h e b e s B r id g e
t o F a r m i n g t o n , M o . , w it h b r a n c h f r o m S a lin e J u n c t i o n t o C h e s t e r , t o t a l
1 1 6 m il e s .
A c o n s o lid a tio n J a n . 1 1 9 1 3 .
V . 96, p . 201.
I n A p ril 191 4
J . W . F r i s t o e w a s a p p o i n t e d r e c e i v e r , a n d In F e b . 1 9 1 7 f o r e c l o s u r e s a l e w a s
e x p e c te d s h o r t ly .
V . 98 . p . 1315, 522; V . 100, p . 1591.
S to c k a u t h .,
$ 2 ,5 0 0 ,0 0 0 ; p a r , $ 1 0 0 .
B o n d s . $ 1 ,5 0 0 , 0 0 0 .
V . 96, p . 1555.
T h o U . S.
D is t r ic t C o u r t o n N o v . 2 9 191 5 h e ld t h o S t. L o u is A S an F r a n c is c o R R
l ia b le o n i t s g u a r a n t y o f t h e b o n d s .
V . 103, p . 2340; V . 104, p . 7 63 , 1144;
V . 1 0 1 , p . 4 6 . R e c e i v e r 's c e r t i f i c a t e s , $ 9 3 .7 0 0 . — ( V . 1 0 3 , p . 2 3 4 0 .)
C A R O L I N A C L 1 N C H F I E L D A O H I O R Y . — (.See M a p .) — O w n s f r o m
E l k h o r n C i t y . K y . . t o S p a r t a n b u r g . S . O . . 2 7 7 m .; b r a n c h , K is e r , V a . , t o
L a u r e l J e t . , V a . , 6 m . ; t r a c k a g e , K is e r t o S t . P a u l, V a . , 8 m . ; t o t a l , 2 9 1 m .
A s e x t e n d e d J u l y 1 1 9 1 5 b y l in e t h e n c o m p l e t e d f r o m D a n t e , V a . , t o E l k ­
h o r n I t y . , 3 5 m ile s , f o r m s a l o w - g r a d e h e a v i l y b u i l t l in k in t h e t h r o u g h lin e
fo r g e n era l t r a ffic b e tw e e n th e G re a t L a k e s a n d th e A tla n tic s e a b o a r d ,
s e r v in g a ls o e x t e n s i v e c o a l o p e r a t i o n s o w n e d b y C l i n c h f le l d C o a l C o r ­
p o r a tio n .
See V . 101, n . 207 0: V . 102. p . 6 11 ; V . 9 4 . p . 1448; V . 9 7 .
p . 1 6 6 1 ; V . 9 8 , p . 1 6 9 2 ; V . 1 0 0 , p^ ? 0 0 ^ V . 1 0 4 , p . 7 5 , 3 6 o .
C o n n e cts a t

S T O C K . — A u t h o r i z e d . $ 5 0 ,0 0 0 ,0 0 0 . o f w h ic h $ 2 5 ,0 0 0 ,0 0 0 is 6 % p r e f . a n d
$ 2 5 ,0 0 0 ,0 0 0 c o m . ; o u t s t a n d i n g , $ 2 5 ,0 0 0 ,0 0 0 c o m . a n d $ 1 1 ,5 0 0 ,0 0 0 p r e f . ,
o f w h ic h $ 1 , 5 0 0 , 0 0 0 is o w n e d b y t h o H o l s t o n C o r p . , a s u b s i d i a r y o f t h e
r a i lw a y .
A f u r t h e r $ 2 , 0 0 0 , 0 0 0 p r e f . is d e p o s i t e d w it h t r u s t e e o f m o r t g a g e
g o ld n o te s t o p r o v id e fo r c o n v e r s io n o f n o te s .
V . 94. p . 1625.
In N o v .
1 9 1 6 b o t h s t o c k s w e r e l is t e d o n N . Y . S t o c k E x c h a n g e .
V . 103, p . 1980.
D i v i d e n d s o n p r e f . , 3 % s e m i- a n n u a l ly M a r c h 1 9 1 3 t o S e p t . 1 9 1 4 , i n c l u s v e .
N o n e s in c e t o M a y 1 9 1 7 .
I n F e b . 1 9 1 0 a r r a n g e d w it h S o u t h e r n R y . t o s e n d
c o a l t o C h a r le s t o n , S . C . , f o r e x p o r t , A c .
V . 90, p . 558; V . 95 , p . 359.
B O N D S , e t c . — F ir s t m t g e . o f 1 9 0 8 . s o e V . 8 6 . p . 6 6 7 . 8 5 6 ; V . 8 8 . p . 9 4 4 .
T h e $ 2 , 0 0 0 , 0 0 0 1 0 -y e a r 5 % m t g e . g o l d n o t e s f o l l o w in lie n t h e $ 1 3 ,9 5 0 . ­
0 0 0 f ir s t 5s o f 1 9 0 8 .
T h e y a r e s u b j e c t t o c a ll a s a w h o le o r m a y b e d r a w n
In p a r t b y l o t .
V . 89, p . 285.
T h e $ 6 , 0 0 0 ,0 0 0 E l k h o r n E x t e n s i o n 5 - y e a r
1 s t M . 5 % n o t e s w e r e s o l d t o r e fu n d $ 5 , 5 0 0 , 0 0 0 m a t u r i n g n o t e s (is s u e d t o
c o n s t r u c t D a n te t o E lk h o r n ) a n d fo r o th e r p u rp o s e s .
N o a d d it io n a l m o r t ­
g a g e is p e r m i t t e d w h il e t h e s e n o t e s a r e o u t s t a n d i n g .
V . 104, p . 1044.
Car
tru sts o f 1917, V . 104. p . 2 2 3 5 .
T h o g u a r a n t e e d s e c u r it i e s (s e e V . 1 0 3 , p . 1 5 8 8 ) i n c lu d e d ( a ) B l a c k M t .
R y . ( w h i c h s e e ) 1 s t M . s e r ia l 5 s , $ 7 5 0 ,0 0 0 . a u t h . , $ 5 0 0 ,0 0 0 i s s u e d : ( b ) $ 1 , ­
6 0 0 ,0 0 0 H o l s t o n C o r p o r a t i o n n o t e s ( c a ll a b l e a t p a r a n d c o n v e r t i b l e $ f o r $
in to C a r. C l. & O . p r e f. s t o c k .— See s to c k a b o v e .
E A R N I N G S . — 4 m o s . , f 1 9 1 7 __________ G r o s s , $ 1 ,2 7 0 ,6 9 6 ; n e t , $ 5 0 0 ,7 8 4
Jan . 1 to A n ril3 0 .
\ 1 9 1 6 __________ G r o s s ,
1 , 0 4 2 ,2 8 7 ; n o t ,
4 5 5 ,9 8 0
R E P O R T .— Y ea r en d ed J u n e 30 1916, see V . 103, p . 1588; V . 104, p . 1263

Years
Ended—

Gross
Earnings

Net, after
Taxes.

Other
Income.

Interest,
Rentals, A c.

Balance,
Surplus.

$ 1 ,3 0 2 ,8 7 8
$ 3 0 2 ,5 6 2
$ 1 ,2 6 3 ,2 4 3
$ 3 4 2 ,1 9 7
D e c . 3 1 1 9 1 6 -- $------------------. 3 ,0 1 5 , 3 2 0
1 ,4 0 5 , 3 5 6
4 0 9 ,8 2 2
1 , 2 5 4 ,9 4 0
5 6 0 ,2 3 9
J u n o 3 0 1 9 1 6 - - . 3 ,1 0 1 ,4 4 4
9 0 4 ,2 0 0
2 3 2 ,5 7 3
9 8 8 .9 6 7
1 4 7 ,8 0 6
J u.............................
n e 3 0 1 9 1 5 - ............................
- 2 ,2 6 0 ,7 7 6
M a r k W . P o t t e r , P r e s ., 2 4 B ro a d S t .. N . Y . — ( V . 1 0 4 ,p . 101 4, 11 4 4 , 126 3)
C A R O L I N A & N O R T H W E S T E R N R Y .— O w n s s ta n d a rd -g a u g e r o a d .
C h e s t e r . S . O . . t o E d g c m o n t , N . C . , 1 3 3 )4 m ile s .
In 1 9 0 0 n e a r ly a ll s t o c k w a s a c q u i r e d b y a s y n d i c a t e .
S to c k a u th o r iz e d .
S I ,0 0 0 ,0 0 0 e a c h o f c o m . a n d 4 % n o n - c u m . p r e f .; o u t s t a n d i n g . J u l y 1 9 1 3 ,
$ 8 5 4 ,2 5 0 c o m . a n d $ 5 5 0 ,0 0 0 p r e f . s t o c k .
O f t h o 1st 5 s d u e 1 9 5 3 . $ 1 , 5 0 0 , ­
0 0 0 w e r e u s e d t o r e t ir e a ll u n d e r l y i n g b o n d s a n d $ 1 , 0 0 0 ,0 0 0 w e re a p p li c a b l e
t o e x te n s io n s , n ew e q u ip m e n t , & c.
Y e a r 1 9 1 5 -1 6 , g r o s s , $ 4 6 1 ,6 2 6 ; n e t .
$ 1 2 3 ,7 0 1 : o t h e r I n c o m e , $ 2 4 8 ; i n t . . t a x e s , A c . , $ 1 6 7 ,7 0 7 ; b a l . . d e f . , $ 4 3 ,8 4 4 .
P r e s . , W m . A . B a r b e r , 16 5 B r o a d w a y , N e w Y o r k . — ( V . 9 1 , p . 8 7 0 .)
C A R O L I N A & Y A D K I N R l V E R R R . — O w n s H ig h P o i n t v i a T h o m a s v l ll o a n d D e n t o n t o H ig h R o c k , N . C . , 3 5 m il e s .
F r e i g h t is s w i t c h e d e le c ­
t r ic a l l y t o t h e m a in l in e .
C o u p o n s d u e J u n e 1 1 9 1 7 r e m a in u n p a i d .
O n J u n e 8 W . N . C o lo r & C o .
o f N . Y . , w h o h a d f i n a n c e d t h e e n t e r p r is e a n d t h e n o w n e d s o m e $ 2 5 0 ,0 0 0
o f t h e b o n d s a n d $ 1 , 8 0 0 , 0 0 0 s t o c k , m a d e a n a s s ig n m e n t t o A r t h u r D . H a m ­
m o n d o f B r o o k ly n .
B o n d h o l d e r s ’ c o m m i t t e e : A l v i n W . K r e c h , C h a ir m a n ; S a m u e l A r m s t r o n g ,
S e c .; E q u it a b le T r u s t C o ., d e p o s it a r y .
R e o r g a n iz a t i o n p r o p o s e d . V . 1 0 4 .
p . 2451.
S t o c k a u th o r iz e d , c o m m o n , $ 3 ,0 0 0 ,0 0 0 : p r e f ., 5 % n o n - c u m ., $ 1 ,0 0 0 ,0 0 0 :
o u t s t a n d i n g J u n e 3 0 1 9 1 5 , c o m m o n . $ 1 ,5 4 0 , 0 0 0 . a n d p r e f . , $ 3 0 0 ,0 0 0 : p a r
$100.
B o n d s ( $ 3 , 0 0 0 , 0 0 0 a u t h . is s u e a r e r e d e e m a b l e a t 1 0 5 o n a n y i n t e r ­
e s t d a t e ; s i n k in g f u n d 1 % o f g r o s s e a r n in g s , J u l y 1 1 9 1 8 t o 1 9 2 2 : 1 ) 4 % 1 9 2 3
t o 1 9 2 7 ; 2 % 1 9 2 8 t o 1 9 3 2 , a n d 3 % t h e r e a f t e r . L o a n s a n d b i ll s p a y a b l e ,
D e c . 3 1 1 9 1 6 , $ 1 9 1 ,9 7 6 .
E A R N I N G S . — F o r y e a r e n d i n g D e c . 3 1 1 9 1 6 , g r o s s , $ 1 0 7 ,8 6 9 : n e t , $ 2 4 , ­
0 3 1 ; o t h e r i n c o m e , $ 1 5 7 ; r e n t a l s , t a x e s , & c . , $ 2 5 ,0 3 7 ; i n t . o n b o n d s , i $ 6 3 , 7 9 0 ;




J u n e , 1917. j

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia te . & c ., see notes on fir s t page]

M ile s
D ate
Road Bonds

Par
V a lu e

Am ount
O u tsta n d in g

R a te
%

C a r o l i n a C l i n c h f i e l d & O h i o ( Concluded) —
1910
$ 1 ,0 0 0
E q u l p m o n t g o l d n o t e s S e r “ B ” d u e $ 5 0 ,0 0 0 s a . U n x
$ 3 0 0 ,0 0 0
5 g
do
do
S e r‘ ‘ C " ( V .8 8 ,p .4 5 1 ) d u e $ 5 0 .0 0 0 s -a N x
1912
1 ,0 0 0
5 5 0 .0 0 0
5 g
do
do
S e r “ D ’* (V 9 7 , p 4 9 ) d u e $ 2 5 , 0 0 0 s - a . N x
1913
1 ,0 0 0
1 7 5 .0 0 0
5g
1914
1 9 5 .0 0 0
5 g
1 ,0 0 0
do
do
S e r “ E " d u e $ 1 3 ,0 0 0 s - a -----------------------1917
do
do
S e r “ F ” d u e $ 3 8 ,0 0 0 _________________ N x
7 6 0 .0 0 0
1917
1 ,0 0 0
do
do
S e r “ G ” d u o $ 4 2 ,0 0 0 s - a n o t c a l l C P y
8 4 0 .0 0 0
1916
M a l le t E q u i p n o t e s d u e $ 1 2 ,5 0 0 m o n t h l y -----------------1 2 ,5 0 0
1 2 5 .0 0 0
5 8
Bonds Guaranteed. Prin. and Int., by Endorsem't—
B l a c k M t R y 1 st M $ 7 5 0 ,0 0 0 g d u o $ 2 5 ,0 0 0 e a c h
1916
1 ,0 0 0
A p r il 1 c a l la b le a t p a r ___________________________N .c *
4 7 5 .0 0 0
5 g
H o l s t o n C o r p R e a l t y & O o ll T r C o c o n v e r t n otes1916
1 ,0 0 0
c a l l a t p a r c o n v e r t i n t o R y p r o f __________ C e . c * & r *
5g
1 .5 0 0 .0 0 0
1903
1 ,0 0 0
C a r o lin a iS: N o r t h w e s t e r n — 1st M $ 2 , 50 0 , 0 0 0 g o l d . . O x
1 .7 0 0 .0 0 0
5 g
1907
1 ,0 0 0
5 4 3 .0 0 0
5
O i l d w e l l A N o r t h e r n I s t M ----------------------*
35 1912
100 & c
C a r o l i n a & Y a d k i n R i v — 1 s t M g r e d 10 5 s f . E q . x c *
fig
1 .0 0 0 ,0 0 0
C a r t h a g e & A d lr a n d C a r t h a g e W a t e r & S a c k lia r — See N Y C & H u d R Iver R R .
32 1898
1 .0 0 0
C a t a s a u q u a & F o g e l s v i l l c — F ir s t M g o l d — P e P .x o *
1 3 5 .0 0 0
4 g
50
C a t a w l s s a — P r e f s t o c k 5 % g u a r P & R R y (s e e t e x t )
3 .2 0 0 . 0 0 0
5
1 ,0 0 0
1898
F ir s t c o n s o l m o r t g a g e $ 2 ,2 1 5 ,0 0 0 g o l d -------- P e P .x o *
4 g
2 .2 1 5 .0 0 0
34
30
C a y u g a & S u s q u e h a n n a — S to c k 9 % re n ta l D L & W .
5 8 9 ,1 1 0 9 % I n ’ 16
c
k
I
s
la
g
o
R
o
n d & P a o I fic R y
C e d a r R a p id s I o w a P a lls & N o r t h w e s t e r n — S e e C h lc a
1917
C e n t r a l A r g e n t i n e R y — C o n v g o ld n o te s c a ll (te x t) G
1 ,0 0 0 1 5 , 0 0 0 ,0 0 0
6 g
C e n tr a l A r k a n s a s & E a s t e r n — S e e S t L o u is S o u t h w e s t
Central of Georgia R y — C o m m o n s t o c k ---------------------5 .0 0 0 0 0 0 5 in 1 9 1 6
P r e f e r r e d s t o c k 6 % c u m _________________________________
1 5 ,0 0 0 0 0 0 S e e t e x t
312 1895
1 ,0 0 0
1 st M $ 7 , 0 0 0 , 0 0 0 g o l d . ........................... - - .. . . a . x o ' & r
7 . 0 0 0 ,0 0 0
5 *
1895
C o n s o li d a t e d m o r t g a g e $ 1 8 ,5 0 0 ,0 0 0 g o l d . . B a ,x o • & r 1 ,4 9 3
1 ,0 0 0 1 8 ,4 9 8 ,0 0 0
2
138 1895
M o b i le D l v I s t M (C o l u m b u s t o A n d a l u s ia ' g - . a - x o *
1 .0 0 0
1 .0 0 0 ,0 0 0
5 e
1
0
2
1895
M a c o n & N o r t h D lv 1 st M $ 8 4 0 ,0 0 0 g o l d . . M B a . x o »
1 .0 0 0
8 4 0 'ion
5 8
77 1901
O c o n D lv 1 s t M B r e w t o n t o D o v e r $ 6 ,0 0 0 p m . G .x o *
1 .0 0 0
4 6 2 ,0 0 0
5 g
21 1 8 9 6
E a t o n t o n B r a n c h fir s t m t g e n o t g u a r a n t e e d g o l d . x
500
1 6 8 ,0 0 0
68
65 1897
M id G a & A t l D lv 1st ( c o n s o l) M $ 9 ,0 0 0 p m . - Q . x o *
1 ,0 0 0
4 1 3 ,000
6 cu r
164 1901
C h a t t a n o o g a D lv p u r o h m o n e y M $ 2 , 4 0 0 ,0 0 0 g Q .x o *
1 ,0 0 0
2 , 0 5 7 ,0 0 0
4 R
C h a t t a n o o g a R o m e & S o 1 st M $ 5 0 0 ,0 0 0 e U n .x o *
138 1897
1 ,0 0 0
3 4 3 ,0 0 0
5 g
U p p e r C a h a b a 1 st M g d u e $ 1 5 ,0 0 0 s - e c a ll 10 2 M .N x
12 1 9 0 5
1 .0 0 0
255 o o o
4 8
G r e e n v & N e w 1st M g d u o $ 1 5 ,0 0 0 s -a c a ll 1 0 2 ) $ N x
24 1905
1 ,0 0 0
2 5 5 ,0 0 0
K8
G e n & R e f M $ 8 0 ,0 0 0 ,0 0 0 a u t h g r e d t o x t U s m x c * & r *
1 9 1 2 1,000 &c
12 2 ,0 0 0
1 s t p r e f I n c o m e s ) I n t e r e s t u p t o 5 % f ____________ M p z
1895
1 ,0 0 0
130 ,5 0 0
5
fig
2d
do
do
)
g o l d If e a r n e d { ____________ C e z
1895
1 ,0 0 0
1 0 4 ,3 5 0
5
3d
do
do
n o n - o u m u l a t lv e l ....................... B a z
1895
1 .0 0 0
5
4 7 .5 0 0

W h en
P a y a b le

J

t a x e s , & e ., $ 1 4 ,1 0 2 ; a d d ’ n s a n d b e t t e r m e n t s , $ 5 , 5 7 7 ; b a l . , $ 1 3 9 ,2 3 6 ' d i v i ­
d e n d s ( 1 5 % ) $ 6 4 ,0 3 5 . — ( V . 8 1 , p . 1 4 9 .)
C A T A V V I S S A R R . — O w n s f r o m T a m a n e n d , P a . , t o N e w b e r r y J o t . , P a .,
1 0 4 .0 5 m ile s ; s e c o n d t r a c k , 4 0 . 0 7 m ile s ; t o t a l , 2 2 2 .2 0 m ile s .
R e - le a s e d
D e o . 1 1 8 9 6 f o r 9 9 9 y e a r s t o P h il a d e l p h i a & R e a d in g Railway.
R e n ta l,
I n t . o n b o n d s , 5 % d i v s . o n p r e f . s t o c k , a ll t a x e s a n d $ 8 ,0 0 0 f o r o r g . e x p .
S e e a ls o V . 6 3 , P . 9 6 9 , 1 1 1 6
O f t h e p r e f. s t o c k s . $ 1 ,0 0 0 ,0 0 0 Is 2 d p r e f .
C o m m o n . $ 1 ,1 5 9 ,5 0 0 ; p a r . $ 5 0 — ( V . 7 2 . p . 1 1 8 7 ; V . 9 6 . p . 1 4 2 1 .)
CATSKILL MOUNTAIN RR. CORP.— N a r r o w - g a u g o r o a d f r o m O a t s k l ll u p t li o C a t s k i l l M o u n t a i n t o P a l e n v i l l e , N . Y . , 1 6 m . ; le a s e s C a i r o R R . ,
C a ir o J u n e , t o C a ir o , N . Y . , 4 m il e s .
S u c c e s s o r in M a y 1 9 1 7 o f Railway,
f o r e c l o s e d a n d b i d in b y H u d s o n R i v e r D a y L i n e in t e r e s t s .
V . 104, p . 18 0 0 .
E A R N I N G S . — Y e a r e n d i n g J u n o 3 0 1 9 1 5 , g r o s s . $ 3 6 ,8 7 8 ; n e t I n c o m e )
$ 5 6 3 ; i n t e r e s t , t a x e s , & c . , $ 1 0 ,7 9 7 ; b a l . . d e f . , $ 1 0 .2 3 4 . — ( V . 1 0 4 , p . 1 8 0 0 .)
C A Y U Q A & S U S Q U E H A N N A R R .— O w n s fr o m S u sq u e h a n n a R iv e r to
Ith a ca , N . Y ., 34 m .
L e a s e d d u r in g le n g t h o f c h a r t e r a n d r e n e w a ls t h e r e o f
t o t h e D e la w a r e L a c k . & W e s t e r n a t a r e n t a l o f $ 5 4 ,6 0 0 a y e a r .
D i v s . p a id
a r e 9 % y e a r l y , w it h a n o c c a s io n a l e x t r a a m o u n t ; In 1 9 0 4 9 ) 4 % w a s p a i d .
CENTRAL ARGENTINE R Y. , LT D .— (See M ap.)— R O A D . — E x t e n d s
f r o m B u e n o s A y r e s , a c i t y w it h a p o p u l a t i o n o f a b o u t 1 ,8 0 0 ,0 0 0 , t h r o u g h
th e c i t y o f R o s a r io , t o C o r d o b a , S a n ta F o a n d T u c u m a n .
C o m p r is e s 3 ,3 0 5
m ile s o f t r a c k ( a l l e x c e p t 20 2 m ile s is o w n e d in fe e ; a n d p a r t l y d o u b l o - t r a c k e d ) ,
c o v e r i n g t h e t e r r i t o r y , p r i m a r i l y a g r i c u lt u r a l , e x t e n d i n g n o r t h a n d n o r t h ­
w e s t f r o m B u e n o s A y r e s , a n d s e r v in g t h e m o s t d e n s e l y p o p u l a t e d s e c t io n
a n d t h e p r i n c ip a l c it i e s o f t h e A r g e n t i n e R e p u b l i c .
L i k e a ll o f t h e f o u r
p r i n c ip a l A r g e n t i n e r o a d s , is 5 f t . 6 i n . g a u g e .
O R G A N I Z A T I O N . — O r i g i n a l ly o r g a n iz e d In 1 8 6 3 .
O p era tes u n d e r a
p e r p e t u a l c o n c e s s io n a n d a n a m e n d e d la w c o n t r a c t r u n n in g u n t i l 1 9 4 7 .
e n t i t l i n g i t , w it h o u t r e s t r i c t io n , t o c h a r g e s u c h r a t e s , p a y a b l e in g o l d e q u i v a ­
l e n t , a s w il l n e t 6 . 8 0 % o n t h e c a p i t a l i n v e s t m e n t r e c o g n i z e d b y t h e A r g e n ­
t in e G o v e r n m e n t , n o w a m o u n t i n g t o o v e r $ 2 5 0 ,0 0 0 ,0 0 0 .
I n l lo u o f t a x e s ,
3 % o f t h o n e t r e c e ip t s g o t o t h e G o v e r n m e n t f o r c o n s t r u c t i n g w a g o n r o a d s
lo a d i n g t o t h e lin o o f t h e C e n t r a l A r g e n t i n e R y . C o .
Outstanding Capitalisation (at $ 4 86 to £ ) Jan. 1 2 1 9 1 7 .
C e n t . D e b . 3 ) 4 % s t k . ( 1 5 0 m ) $ 5 5 0 ,9 4 9 4 ) 4 % i l o n - c u m . p r e f . s t k . $ 4 7 , 1 2 1 ,1 8 9
' "
C o n s o l , o r d i n a r y s t o c k . . 1 3 6 ,9 8 8 ,5 7 7
q 04 r 34 a
D e fe r r e d s t o c k ______
_______ ___________________________
( C o m p a r e V . 1 0 4 . p . 2 5 6 .)
C a p i t a l i z a t i o n p e r m il e o f r o a d o p e r a t e d : (a) D e b e n t u r e s t o c k a n d a n n u i ­
t ie s , a b o u t $ 2 2 ,8 9 0 ; (b) t h o $ 1 5 ,0 0 0 ,0 0 0 n e w n o t e s , $ 4 , 5 4 0 ; (c ) d i v i d e n d ­
p a y i n g s t o c k s , a b o u t $ 5 6 ,9 0 0 p e r m il e .
C O N V E R T I B L E N O T E S . — T h e s o h a v e in t e r e s t p a y a b l e w i t h o u t d e ­
d u c t io n f o r a n y ta x e s im p o s e d b y G re a t B rita in o r th e A r g e n tin e R e p u b lic .
D e n o m . $ 1 , 0 0 0 . I ’ r in . a n d i n t . p a y a b le In N . Y . I n U , S . g o l d a t o f f i c e o f
J . P . M o r g a n & C o . ; in L o n d o n a t L o n d o n C o u n t y & W e s t m i n s t e r B a n k a t
$ 4 8 5 p e r £1 s t e r li n g .
T h o e n t ir e Issu e, b u t n o p a r t , m a y b o r e d c o m e d
a t 1 0 2 a n d i n t . o n a n d a f t e r F e b . 1 1 9 2 2 u p o n s ix m o n t h s * n o t i c e .
T h e y a r e c o n v e r t i b l e a t o p t i o n o f h o l d e r a n y t im e a f t e r J a n . 3 1 1 9 1 8
p r i o r t o r e d e m p t io n i n t o o r d i n a r y s h a r e s o f £ 10 p a r v a l u e , a t p a r , a t $4 8 5
p e r £ 1 . F r o m 1 91 1 t o 1 9 1 3 t h o o r d i n a r y s h a r e s s o l d c o n t i n u o u s l y a b o v e
p a r o n t h e L o n d o n S t o c k E x c h a n g e a n d f r o m 1 9 0 5 t o 1 9 13 a b o v e 1 0 9 .
T h e C o n s o l . O r d in a r y s t o c k is e n t it le d t o n o n - c u m . 5 % d i v i d e n d s b e f o r e
t h o d e f e r r e d s t o c k r e c o iv o s a n y d i v i d e n d s a n d s h a r e s e q u a l l y w it h t h e d e ­
f e r r e d s t o c k in t h e d i s t r i b u t i o n o f e a r n in g s a f t e r t h o l a t t e r h a s r e c o iv e d 5 % .
O ff e r e d in M a r c h 1 9 1 7 .
V . 104, p . 1044, 1144.
/o
Annual Earns. ( Increased m t. cage. 1 9 1 5 -1 6 Primarily Due to Construction) .
June 3 0 Years—
Gross.
Net Income. Fixed Charges.
Balance.
1 9 1 2 - 1 3 . . . ............$ 3 1 ,5 3 7 ,0 0 0
$ 1 4 ,3 0 8 ,0 0 0
$ 2 ,6 4 9 , 0 0 0
$ 1 M 5 9 ,0 0 0
1 9 1 4 - 1 5 — I I I - - 2 8 . 1 2 0 .0 0 0
1 2 .4 7 1 .0 0 0
3 ,3 0 5 ,0 0 0
*9 .1
—6 6 . —
000
19 5 - 1 6 .................... 2 7 , 8 8 2 ,0 0 0
1 0 .4 0 6 .0 0 0
3 ,8 8 9 0 0 0
6 .5 1 7 . 0 0 0
A v.............................................................
e r a g e ___________ 2 6 ,2 0 2 ,0 0 0
1 1 ,5 9 0 .0 0 0
2 .6 2 0 .0 0 0
0
, „ 7, v
8 .9
0 .u0 0w0
A s t h o n e w n o t e s a r e is su e d t o r e t ir e £ 3 ,0 0 0 ,0 0 0 5 % a n d 6 % s t e r lin g n o t e s
(is s u e d f o r c o n s t r u c t i o n u n d e r G o v t , c o n t r a c t ) , t h e y i n v o l v e o n l y a s l ig h t
I n c r e a s e In c h a r g e s .
F r o m 1 9 0 7 t o 1 9 1 6 d i v i d e n d s a v e r a g in g 5 . 6 %
p e r a n n . w e r e p a id o n t h o $ 1 3 6 ,9 8 8 ,0 0 0 O r d in a r y s t o c k , 4 % in 1 9 1 6 , 5 %
in 1 9 1 5 a n d 1 9 1 4 a n d 6 % in e a c h y e a r f r o m 1 9 0 4 t o 1 9 1 3 i n c l .
C h a ir m a n .
J o s e p h W . T o d d . — ( V . 1 0 4 , p . 2 5 6 , 1 0 4 4 , 1 1 4 4 .)

CENTRAL O F GEORGIA R Y .— O p e r a t e d A p r i l 3 0 1 9 1 7 , 1 ,9 1 9 m ile s
( 1 ,4 2 7 m ile s o w n e d ) :
L in e s leased (s e e t h e s e 00s .) M ile s
Lines owned in fee—
Miles.
S a v a n n a h t o A t l a n t a ...... ...............
295 S ou th w estern R R .—
M a c o n t o E u fa u la
144
G o r d o n t o C o v i n g t o n ____________
82
F o r t V a ll e y t o P e r r y
12
C o lu m b u s t o B i r m in g h a m . A l a .
15 6
F o r t V a ll e y t o C o lu m b u s . . .
71
C o lu m b u s t o A m e r l c u s ....................
62
S m l t h v il l e t o C o l u m b i a
85
M o n t g o m e r y t o E u fa u la , A l a . .
80
C u t h b e r t t o F o r t G a in e s
21
C o lu m b u s t o G r e e n v ille , G a
.
49
O p e lik a t o R o a n o k e .............. ..........
36 A u g u sta & S a v a n n a h R R .—
60
E u fa u la t o O z a r k ___
M lU en t o A u g u s t a _____
63
G r if fin , G a ., t o C h a t .. T e n n ’ .& o
1 9 8 C h a t t a h o o c h e e & G u lf R R . —
C h lo k a m a u g a t o D u r h a m . . ,
18
C o lu m b ia t o L o c k h a r t
.
91
S a v a n n a h t o T y b e e .....................
i s T r a o k a g e ......... ........................................
14

Columbus to Andalusia___

133

M a c o n J u n o t i o n t o A t h e n s _____
B r e w t o n t o D o v e r ...............................
B a r n e s v ille t o T h o m a s t o n ............
L y e r l y B r a n c h ......................................
U p p e r C a h a b a B r a n c h __________
G r e e n v ille t o R a y m o n d _________

102

77

T o t a l o w n e d ..................................... 1,4 2 7




T o t a l o p e r . A p r 3 0 1 9 1 7 _____ 1 ,9 1 9

16 A l s o ’ o w n s M e d r l m t o L y o n s , 5 8 m .
4
(le a s e d t o S e a b o a r d A i r L i n e ) .
1 2 O c e a n S S . C o . , e s t . e q u l v . o f _____3 0 0
2 4 C o n t r o ls W r lg h t s v i l le & T e n n ll l e a n d
W a d le y S o u th e rn R y .

L a s t D iv id e n d
a n d M a tu r ity

P laces W here In terest an*
D iv id e n d s are P a y a b l•

T o J a n 1920
B la ir & C o , N e w Y o r k
A u g '1 7 - A u g ’ 2 2
do
do
do
do
J u l y ’ 1 7 - J u l y '2 0
do
do
A p r ’ 1 7 -O ct’ 24
do
do
J u l y ’ 1 7 -J a n ’ 2 7
Apr 11927
C o m m e r c ia l T r C o , P h ila
do
do
M a y 1 1918
A

J
M
A

&

&
&

&

J

&

F

&

k

b a l . , d e f . , $ 6 4 ,6 3 9 .
P r e s ., B ir d S . C o lo r , N . Y . ; S e c . & T r e a s ., L . H . I l o i e
Jr.
O l f i c o , H ig h P o i n t , N . C .
N . Y . o ffic e , 43 C e d a r S t ., N . Y . —
( V . 1 0 4 , p . 2 4 5 1 .)
C A T A S A U Q U A 5: F O G E L S V I L L E R R . — C a t a s a u q u a , P a . , t o R l t t e n h o u s e G a p , P a . , 1 9 .6 7 m . , a n d b r a n c h e s , 3 1 . 7 2 m il e s . S t o c k , $ 4 2 6 ,9 0 0 ( p a r
$ 2 5 ) ; $ 2 5 4 ,1 2 5 is o w n e d b y R e a d i n g C o .
D i v s . p a i d in 1 9 0 4 -0 5 , 7 % ; in

25

M

&

A &
O ot
O ct
O ot

O A p r 1918 t o ’ 36

do

do

A p r 1 1926
J u ly 1 1953
June 11 9 5 7
Jan 1 1962

do
do
C h e c k s m a ile d
do
do
J u n e 1 9 1 7 c o u p s u n p a id

J u ly 1 19 2 8
M a y 19 ’ 1 7 , 2 ) 4
A p r 1 1948
J u ly 1917
4X

R e a d in g T e r m in a l,
C o m p a n y 's O f f i c e ,
R e a d in g T e r m in a l,
3 0 P in e S tre e t N e w

A Feb

P h ila
P h ila
P h il a
Y ork

1 1927

N Y J P M o r g a n & C o .& L o n

1 9 1 5 -1 6 , 5 %
J u ly 1916 6 %
N ov 119 45
N o v 1 1945
Jan 1 1946
Jan 1 1946
D eo 1 1945
June 119 26
J a n 1 1947
J u n e 1 1951
J u ly 1 194 7
A u g ’ 1 7 - A u g '2 5
S e p t ’ 1 7 - S e p '2 5
O c t 1 1962
N ov 119 45
N o v 1 1945
N ov 119 45

G u a ra n ty T ru st
Co N ,
do
do
do
do
do
do
do
do
Savannah, Ga
G u a ra n ty T ru st C o , N >
do
do
U n io n T r u s t C o . N e w V *
G u a ra n ty T ru st C o , N Y
do
do
U S M tg e &T r C o , N Y
G u a r T r C o .N Y o r S a v a n
do
do
do
do

N ew Y ork

O R G A N I Z A T I O N .— S u c c e e d e d N o v . 1 18 9 5 th e C e n tra l R R . & B a n k in g
C o . o f G e o rg ia , fo re c lo s e d .
V . 60, p . 1008; V . 61, p . 68.
In J a n . 1916
t h o I . - S . O . C o m m , c o n s e n t e d t o r e t e n t io n o f O c e a n S S . C o .
V .1 0 2 ,p . 344.
I n J u n e 1 9 0 9 t h e $ 5 , 0 0 0 , 0 0 0 s t o c k w a s a c q u i r e d b y t h e I ll i n o i s C e n tr a l,
b u t t h e r o a d Is o p e r a t e d I n d e p e n d e n t ly .
V . 88, p . 1559: V . 84. d . 1550:
V . 8 5 , p . 1082, 1268; V . 86. p . 667 .
O n J u n e 3 1 9 1 2 $ 1 5 ,0 0 0 ,0 0 0 p r e f .
s t o c k w a s Is s u e d t o r e t ir e t h e i n c o m e b o n d s a c q u i r e d b y 111. C e n t . ( $ 1 4 , 4 6 1 ,­
0 0 0 ) . r e m a in in g $ 5 3 9 ,0 0 0 a s p r e s e n t e d ; V . 9 4 , p . 1 3 1 6 , 1 5 6 5 : V . 9 5 , p . 1 0 3 7 .
D I V I D E N D S .— O n c o m m o n s to c k , 1913 t o 1916, 5 % p er a n n u m .
B O N D S . — T h e fi r s t mortgage o f 1 8 9 5 ( d e s c r i b e d In V . 6 3 , p . 1 1 6 0 ) Is a
fi r s t lien o n t h e m a in lin e f r o m A t l a n t a t o S a v a n n a h , i n c lu d in g t h e M ille d g e v llle b r a n o h (3 1 2 m . i n a l l ) , a ll e q u i p m e n t a n d a p p u r t e n a n c e s , a n d t h e eq u ity
In $ 1 , 9 9 5 , 0 0 0 s t o c k o f O c e a n S S . C o .
V . 84. p . 529. 605: V . 87. p . 550.
A p p l i c a t i o n f o r lis t in g fir s ts a n d c o n s o l s In V . 6 3 , p . 1 1 6 0 .
T h e C onsol, m tg e.(see a b s t r a c t V . 6 1 . p . 8 7 3 : a l s o V . 6 3 , p . 1 1 6 0 ; V . 8 3 , p .
1 3 4 7 ) Is a fir s t lien u p o n 6 0 0 m . ( I n c lu d in g f o r m e r M o n t . & E u fa u la R R .
S a v . & W e s t e r n a n d S a v . & A t l . ) ; a ls o o n t h e le a s e s o f t h e S o u t h W e s t e r n
a n d A u g u s t a & S a v a n n a h r o a d s a n d t h e s t o c k o f N e w E n g la n d & S a v a n n a h
E t e a m s lilp C o . , a n d a second lien u p o n t h e m a in lin e . Its e q u i p m e n t , & o .. a n d
a ls o o n t h e M a c o n & N o r t h e r n , M o b i le & G ir a r d , a n d o t h e r d i v i s i o n s .
It
a ls o c o v e r s a ll l e a s e h o ld s , s e c u r it ie s , & o .
V . 85. p . 605; V . 89, p . 777.

C ollateral tru st mortgage abstract was in V. 45. p. 242.

T h e C hattanooga D ivisio n mortgage c o v e r s t h e f o r m e r C h a t t a n o o g a
R o m e & S o u t h e r n R R . . C a r r o l l t o n , G a .. t o C h a t t a n o o g a . T e n n . , 1 3 8
m ile s , a n d D u r h a m t o C h lc k a m a u g a , G a ., 1 7 m ile s , w it h b r a n c h e s , In a ll
1 6 4 m ile s , s u b j e o t t o $ 3 4 3 ,0 0 0 o l d 5 s , f o r w h ic h a lik e a m o u n t o f b o n d s is
reserved.
V . 72. p . 1134: V . 78. p . 1446.
U p p er C ahaba B ra n ch b o n d s a r e s e c u r e d b y o o a l l a n d s In N o r t h e r n A l a ­
b a m a , a l s o b y r o a d H e n r y E lle n t o M a r g a r e t . A l a .
V . 81. p . 920. 1099.
O f t h e G e n e r a l a n d R e f u n d in g b o n d s o f 1 9 1 3 ( $ 8 0 , 0 0 0 , 0 0 0 a u t h . i s s u e ) ,
w i t h I n t . n o t t o e x c e e d 5 % , o n J u n e 3 0 1 9 1 6 $ 1 2 2 ,0 0 0 h a d b e e n s o l d , $ 8 , 5 1 5 , ­
0 0 0 w e r e In t r e a s u r y u n p le d g e d , $ 6 3 6 ,0 0 0 w e r e in h a n d s o f t r u s t e e f o r
a u t h e n t i c a t io n o n d e m a n d . $ 3 1 ,4 1 3 ,0 0 0 r e s e r v e d t o r e t ir e o l d b o n d s , $ f o r $ .
a n d t h o r e m a in in g $ 4 0 ,3 1 4 ,0 0 0 f o r a c q u i s i t i o n s , e x t e n s i o n s . & c .
V. 98, p.
452.
S e r ie s A b o n d s a r e c a l la b le a s a w h o le o n l y a t 1 1 0 .
"V . 9
' 5, p . 110.
889 , 1037.
I n c o m e b o n d s — see p re fe rre d s t o c k a b o v e .
L A T E S T E A R N I N G S . — 1 1 9 1 7 ______ G r o s s , $ 4 , 7 5 5 , 3 0 9 ; n e t , $ 1 , 0 6 7 , 7 5 7
4 m o s . , J a n . 1 t o A p r . 3 0 . 1 1 9 1 6 ______ G r o s s , 4 , 1 5 0 , 1 5 8 ; n e t ,
9 4 5 ,3 5 3
R E P O R T . — F o r 1 9 1 5 -1 6 , in V . 1 0 3 . p . 1 5 0 6 .
Year ending June 3 0 —
1 9 1 5 -1 6 .
1 9 1 4 -1 5 .
1 9 1 3 -1 4 .
O p e r a t in g r e v e n u e s ..................................... $ 1 2 ,5 6 7 ,6 1 8 $ 1 2 ,1 0 8 ,1 8 4 $ 1 4 ,3 2 6 ,5 7 5
O p e r a t in g e x p e n s e s ........................................
8 , 8 4 5 ,0 6 7
8 . 9 7 3 .5 1 1
1 0 ,7 8 5 ,7 6 4
$ 3 ,1 3 4 ,6 7 3
$ 3 ,5 4 0 ,8 1 1
N e t o p e r . r e v e n u e s _____________ _____$ 3 ,7 2 2 ,5 5 1
$ 2 ,5 4 7 ,6 3 3
$ 2 ,9 0 9 , 2 1 4
I n c o m e ( a ft e r t a x e s , & c . ) _______ _____$ 3 , 0 6 7 , 2 8 8
1 ,5 3 7 .7 3 2
1 , 3 5 5 .9 9 8
8 9 8 ,7 8 7
O t h e r i n c o m e _______________________ _____
T o t a l I n c o m e ____________________________ $ 4 ,6 0 5 ,0 2 1
$ 3 ,9 0 3 ,6 3 1
$ 3 ,8 0 8 ,0 0 1
$ 2 ,0 3 2 ,2 7 1 * $ 1 ,8 4 0 ,4 0 3
I n t . o n b o n d s , & c ...............................
$ 2 ,0 2 1 ,9 7 4
6 6 9 .3 5 5
* 8 7 6 ,5 5 6
R e n t a ls a n d m is c e l la n e o u s ____________
6 6 1 ,7 3 4
9 0 0 .0 0 0
9 0 0 ,0 0 0
P r e f e r r e d d i v i d e n d ( 6 % ) _______________
a 9 0 0 ,0 0 0
2 5 0 .0 0 0
a 2 5 0 ,0 0 0
C o m m o n d i v i d e n d ( 5 % ) ............................
a 2 5 0 ,0 0 0
B a la n c e , s u r p l u s _____________________ s u r .$ 7 7 1 ,3 1 3 s u r .$ 5 2 ,0 0 5 d o f . $ 5 8 ,9 5 8
O F F I C E R S . — C h a ir m a n , C h a r le s H . M a r k h a m , C h i c a g o , I I I .; P r e s t . .
W . A . W in b u r n , S a v a n n a h , G a . G en eral o ffic e . S a v a n n a h , G a .— (V . 1 0 1 .
p . 2 1 2 , 1 4 6 4 , 1 5 4 7 : V . 1 0 2 . p . 3 4 4 ; V . 1 0 3 . p . 1 5 0 6 .)
C E N T R A L I N D I A N A R Y . — M u n c l e t o B r a z i l , I n d . , 1 2 7 m il e s , o f w h ic h
10 m . t r a c k a g e . V . 7 6 , p . 6 5 3 . C o n t r o l l e d b y C l e v . C i n . C h i c . & S t . L o u is
a n d P e n n . R R . in te re s ts .
B o n d s , g u a r a n te e d b y C le v . C in . C h ic . & S t. L .
( w h i c h o w n s $ 6 0 ,0 0 0 s t o c k ) , a r e l im i t e d t o $ 2 0 ,0 0 0 p e r m i l e .
T h e P enn. C o .
o n D e c . 3 1 1 9 1 5 o w n e d $ 7 5 0 ,0 0 0 o f t h e $ 1 , 5 0 0 , 0 0 0 1st M . 4 s .
V . 77, p.
517, 2279; V . 78, p . 1906, 1961.
S t o c k a u t h . , $ 1 2 0 ,0 0 0 .
T h e Penn. C o.
o w n s $ 6 0 ,0 0 0 s t o c k .
C a le n d a r y e a r 1 9 1 6 , g r o s s , $ 2 2 5 ,8 8 8 ; d o f . u n d e r o p e r .
e x p . , $ 1 6 ,5 4 4 ; o t h e r I n c ., $ 5 4 8 : c h g e s . . $ 8 9 ,7 6 1 ; b a l . , d o f . , $ 1 0 5 ,7 5 6 .
P r e s ..
J . Q . V a n W i n k l e .— ( V . 7 8 . p . 1 9 0 6 , 1 9 6 1 .)
C E N T R A L N E W E N G L A N D R Y . — O w n s f r o m C a m p b e ll H a ll , c r o s s i n g
t h e H u d s o n R i v e r a t P o u g h k e e p s i e b y Its o w n b r i d g e , t o S U v e r n a tls . 3 4 m . ;
P o u g h k e e p s i e , N . Y . , t o H o p e w e l l , 12 m .; D u t c h e s s J e t . , N . Y . , t o S t a t e
lin e , 5 3 m .; P o u g h k e e p s i e , N . Y . . t o B o s t o n C o r n e r s . 3 4 m . ; t o t a l o w n e d .
1 3 8 m ; a n d le a s e s a n d c o n t r o ls H a r t f o r d & C o n n . W e s t e r n R R . , H a r t f o r d
t o R h ln e o llir , 1 1 0 m . ; T a r l t lv ll le , C o n n ., t o A g a w a m J e t . , M a s s ., 14 m . ;
A g a w a m J e t . t o S p r i n g f ie l d , M a s s . , 3 m . ; t r a c k a g e o v e r N e w E n g la n d R R . ,
t r a c k a g e o v e r B o s t o n & A l b a n y R R . , W i c o p e e J u n e , t o F is h k ill L a n d i n g .
1 .7 1 m . ; H o p e w e l l J e t . t o D a n b u r y , 3 3 . 4 m . ; t o t a l , 3 0 l m il e s .
V . 89. p.
918; V . 95. p . 418.
O R G A N I Z A T I O N .— O n J u n e 3 0 1916 th e N . Y . N . H . & H . R R . o w n e d
$ 3 ,7 3 7 ,0 8 3 p r e f . a n d $ 4 , 7 9 5 ,0 5 4 c o m . s t o c k .
V . 85, p . 404. 858: V . 89.
p. 469 : V . 9 0 . p . 123 8. 1296. 1489: V . 9 1 . p . 153 . 3 9 6 . 870.
S T O C K . — C o m m o n , $ 4 ,8 0 0 , 0 0 0 : p r e f . , $ 3 , 7 5 0 , 0 0 0 ; p a r , $ 1 0 0 .
A fte r
4 % o n t h o p r e f . , b o t h c la s s e s p a r t i c i p a t e e q u a l l y .
D i v i d e n d o n n o n - c u m . p r e f . , 4 % . p a i d In 1 9 1 3 -1 4 ; in 1 9 1 4 -1 5 , 6 % o n
p r e f. a n d a b o u t 2 % o n c o m m o n .
C a l. y e a r 1 9 1 6 , 7 J £ % o n p r e f . a n d
3% % on com m on .
B O N D S . — T h e 1 st g u a r a n t e e d 4 s o f 1 9 1 1 ( $ 2 5 , 0 0 0 , 0 0 0 a u t h , Issu e) a r e a
f ir s t lie n o n 141 m ile s o f r o a d a n d t h e P o u g h k e e p s i e B r i d g e ; t h o s e u n s o l d ,
( e x c e p t $ 2 8 7 ,0 0 0 r e s e r v e d f o r D u t c h e s s C o . b o n d s ) a r e s e t a s id e f o r n o t
e x c e e d i n g 7 5 % o f t h e c o s t o f e x t e n s i o n s , a d d it i o n s a n d im p r o v e m e n t * .
$ 1 3 ,4 2 7 ,0 0 0 w e r e o u t s t a n d i n g J u n e 3 0 1 9 1 5 a n d $ 1 , 2 1 7 , 0 0 0 a d d i t i o n a l in
trea su ry .
V .9 8 ,p . 1315.
V . 9 2 . p . 1374, 1635: V . 9 4 . p . 2 06 ; V . 9 6 . p . 134.
T h e o u t s t a n d i n g $ 1 8 ,0 0 0 G e n . M t g e . i n c o m e b o n d s , d u e F e b . 1 1 9 4 9 , o n
w h ic h 5 % p . a . Is r e g u la r ly p a i d e a c h O c t . 1 . a r e c o v e r e d b y a s p e c ia l d e ­
p o s it. V . 103 , p . 1031.
n e t . $ 4 8 9 ,6 7 5
L A T E S T E A R N I N G S . J1 9 1 7 _____G r o s s , $ 1 , 6 9 8 , 9 5 8 ;
4 m o s . J a n . 1 t o A p r . 3 0 . 1 1 9 1 6 -------G r o s s .
1 ,4 7 8 ,7 3 2 ;
n et,
5 0 9 .6 3 6
E A R N I N G S . — F o r 12 m o n t h s e n d i n g D e c . 3 1 :

12 mos. end. Dec.31. Gross.

Net.

Other Inc.

Charges. Bal., Sur.

1 9 1 6 .........................$ 5 , 2 0 8 , 1 9 8
$ 2 ,0 7 6 ,2 3 2
$ 1 9 7 ,0 6 6
$ 1 ,3 5 8 ,6 4 8
$ 9 1 4 ,6 5 0
1 9 1 5 ......................... 4 , 6 4 4 , 1 1 2 2 . 1 1 0 . 3 0 6
9 0 ,4 1 0
1 ,0 9 0 , 7 5 0 1 . 1 0 9 .9 6 6
D i v i d e n d s a m o u n t i n g t o $ 4 7 0 ,6 8 4 w e r e p a i d d u r i n g t h e c a l . y e a r 1 9 1 6 .




J u n e , 1917.]

R A IL R O A D C O M P A N IE S
(For abbreviations, & c ., see notes on fi r s t page.]
C e n t r a l o f G a R y (.Concluded) —
C e n t r a l R R A lilt o o ll t r b o n d s g r e d a t 1 1 0 ----- C e.O *
E q u ip t r u s t s e r ie s L 3 5 0 ,0 0 0 s e m i - a n n u a l l y . .
Guaranteed, &c.—
O o e a n S 3 C o first m o r t g a g e g o l d g u a r a n t e e d .C e .z o *
A u g u s t a & S a v a n n a h s t o o k ( n o b o n d e d d e b t ) -----------S o u t h w e s t e r n R a i l r o a d s t o c k ( n o b o n d e d d e b t ) -------C h a t t a h o o o h e e A G u lt s t o c k ____________________________
F ir s t M g o l d $ 2 , 0 0 0 , 0 0 0 In t r e n t a l st r e d a t 1 0 2 H x
C e n t I n d i a n a — 1 st M $ 4 ,0 0 0 ,0 0 0 g u p A l e n d . C e . x o * A r
C e n t N e w E n g la n d — D u tch C o R R I s t M g g u a r B a .x o *
O N E 1 st M $ 2 5 ,0 0 0 .0 0 0 g g u r e d l 0 5 b e g ’2 1 - F * o * A r *
C e n t r a l O h io — S e e B a lt i m o r e A O h io
C e n t r a l O n t a r io R y — S e e C a n a d a N o r t h e r n R y —
C e n t r a l P a c i f i c — 1 st r e f M g g u p A 1 e n d . C e . x o * A r
3 ^ s $ 2 5 ,0 0 0 ,0 0 0 g o l d g u a r p A 1 e n d ------- U s .x o * A r
L u o ln c u t - o f f 1 st M $ 1 0 ,0 0 0 ,0 0 0 g u ( t e x t ) _ ( l . x o * A r *
B o n d s 2 5 0 ,0 0 0 ,0 0 0 f r a n c s g u a r a n t e e d r e d p a r . - U s x
N e v a d a A C a l, A c , 1 s t M a s s u m e d ------------------ —
O r e g o n E a s t e r n flr s t m t g e a s s u m e d ------------------------O th e r b o n d s — see t e x t
.
C e n t r a l R R o f N J — S t o o k ( $ 3 0 ,0 0 0 ,0 0 0 a u t h o r i z e d )

do

do

registered--------------------- xj

E q u i p t r u s t S e r ie s G S 3 . 0 0 0 .0 0 0 -----------------------------------I . & W B C o n M $ 2 0 ,0 0 0 ,0 0 0 s e r ia l g g u a r . P e P . x x o '
A m D o o k A I m p C o 1st M g u a r re d e e m a t l l O x .x x o ’
N Y & L f l r g e n M g i n t g u j u y ( $ 1 9 2 ,0 0 0 5 s i . C e x x o '

M ile s Date
Road Bonds

...

1 ,3 4 9
1 ,3 4 9
103

1899
1899
1904
__ 1 9 1 1
■479, 1 9 1 1
86 1912

AU
A ll

...
3S

1887
1887
1916
1910
1 88 1
1891
1890
1 89 3
188 1

Rate

$ 1 ,8 4 0 0 0 0
9 0 0 ,0 0 0

5 g
454

%

W hen
P ayable

Last D ivid en d
an d M atu rity

P laces W here Interest a n d
D ivid en ds are P ayable

A
&

N M ay 11937
J Jan 1 1926

G u a ra n ty T ru st C o. N Y
C o m m e r c ia l T r C o , P h il a

1 ,0 0 0
100
100
100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 A o

J
5 g
1 ,0 0 0 ,0 0 0
J
5
1 ,0 2 2 ,9 0 0
J
5
5 ,1 9 1 ,1 0 0
J
6
4 3 6 ,4 0 0
J
5 g
2 4 2 ,0 0 0
M
4 g
1 .5 0 0 ,0 0 0
2 8 7 .0 0 0 4 54 (6 ) g J
J
4 g
1 3 .4 2 7 .0 0 0

A
A
A

J
J
J
J
J
N
D
J

J u ly 1 192 0
J a n 1917 2 5 4 %
Jan 1917 2 >4%
Jan 1917 2 ) 4 %
J u ly 1 193 0
M a y 1 1953
June 119 40
Jan 1 1961

G u a ra n ty T ru st C o, N Y
Savannah, Ga
S avannah a n d M acon
Savannah, Ga
C lt lz e n s ’ B k ,S a v a n n a h , G a
C e n tra l T ru s t C o , N Y
F id I T A S D C o . P h ila
L ln o o ln N a t B k , N Y

600 Ao
500 Ao
1 ,0 0 0
5 0 0 fr

9 8 ,9 0 4 ,0 0 0
9 ,2 4 9 .8 2 5
9 ,6 4 0 ,0 0 0
4 8 .2 6 2 ,5 4 8
8 ,5 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0

A
D
O
S

11949
1 1929
1 1954
1 1946
1 1941
1942

1890

1900
1903
1890
1911

Am ount
O u tsta n d in g

M
J

$ 1 ,0 0 0
1 ,0 0 0

53
333
91
117
12
149

Par
V a lu e

1887
1918

31
4<;
C e n t r a l R y o f C a n a d a — 1st M £ 2 , 6 0 0 , 0 0 0 c a l l 1 0 5 ------~37 1 9 0 9
C e n t r a l C o u n t ie s 1 st M ( V 9 0 , b 1 1 6 9 ) ------------------------7 1906
C e n t R y o f S o C a r — F ir s t M $ 1 5 0 ,0 0 0 g g u r e d — C P i
C e n t r a l T e r m in a l R R — S e e M in n e a p o lis S t P a u l A S a u l t S t e M a rie
trea su r y .
b A d d i t i o n a l S I , 1 6 7 ,0 0 0 in t r e a s u r y , c A l l t ’ ’ ’

F
4 g
3 54 8 J
A
4 g
M
4
M
6
J
8

1 0 0 2 7 , 4 3 6 , 8 0 0 12 In ’ 16
1 .0 0 0 1 b 4 3 .9 2 4 .0 0 0 |
5 g
500 A c /
l
5 g
1 ,0 0 0 c 3 .0 0 0 ,0 0 0
4 54
1 .0 0 0
1 4 ,4 9 6 .0 0 0
4 g
1 ,0 0 0
4 ,9 8 7 ,0 0 0
5
1 ,0 0 0
2 ,5 0 0 .0 0 0 4 A 5 g
1 .0 0 0
5 g
1 ,0 6 2 ,0 0 0
600 A o
3
6 0 0 ,0 0 0
6 g
3 0 0 .0 0 0
£ A $
See T e x t
6
£100
4
£ 9 7 ,5 0 0
$500
1 5 0 .0 0 0
6g
Ry

O F F I C E R S . — E . G . B u c k l a n d , N o w H a v e n , P r e s .: A . S . M a y . T r e a s . ;
A r th u r E . C la r k , S e c .— ( V . 9 8 , p . 1 3 1 5 : V . 9 9 , p . 6 0 8 : V . 1 0 3 , p . 6 6 2 , 1 0 3 1 .
C E N T R A L P A C I F I C R Y . — (S e e Map of Southern Pacific.)
H a z e n , N o v . , t o K e e le r , C a l . . 2 8 8 .6 5
Lines Owned—
Miles
O a k l a n d , & c . , l o c a l l in e s ............... 1 7 .8 3 W e e d , C a l . , t o K i r k , O r e -------- 1 2 7 .3 8
O a k l a n d p ie r t o E l v a s , C a l ____1 3 3 .4 6 N a t r o n t o O a k r id g e , O r e ------------ 3 4 .3 9
M o j a v e t o O w o n g o , C a l -------------1 4 2 .9 0
S a cra m o n to , C a l., t o
C e c il
J e t . , U t a h ....................................... 6 9 2 .2 0 F e r n l e y , N o v . , t o W e s t w o o d ,
C a l ....................................................... 1 3 6 .6 0
N il e s t o S a n J o s e , C a l ___________ 1 7 .5 8
N ila s J e t . t o R e d w o o d J e t _______1 6 .2 4 B r a n c h e s ---------------------------------------1 1 5 .5 2
U m b ria J e t ., N e v ., t o n e a r
O g d e n . U t a h __________________ 1 4 2 .4 8 Leased_____________________________ 1 2 .0 6
L a th r o p t o G o sh e n J e t ., C a l . .1 4 6 .4 8
R o s e v ille ,
C a l.,
to
O regon
T o t a l J u n e 3 0 1 9 1 6 .............. 2 . 3 2 0 . 3 5
S t a t e L i n e _____________________ 2 9 6 .5 8
_____
I n c o r p . In U t a h In J u l y ’ 9 9 . p e r p la n in V . 6 8 , p . 3 7 8 .
O
R G _____
A N I____________
Z A T IO N ,
I n 1 9 1 4 t h o G o v e r n m e n t b r o u g h t s u it t o s e p a r a t e t h e c o m p a n y f r o m t h e
S o u t h o r n P a c i f i c C o . , b u t w a s b e a t e n in l o w e r C o u r t in M a r c h 1 9 1 7 .
V.
* ° S T O O K . — T h e S o u t h e r n P a c i f i c C o . o w n e d t h e e n t i r e 8 6 7 ,2 7 5 ,5 0 0 c o m ­
m o n a n d $ 1 7 ,4 0 0 ,0 0 0 p r e f .
P r o f . is 4 % c u m . a n d p a r t i c i p a t e s e q u a ll y w it h
c o m m o n a f t e r 4 % o n e a c h . A l l p le d g e d f o r
it s c o l l , t r u s t 4 s .
V . 96, p. 419.
L A T E D I V S . (Fiscal Years). '0 7 . '0 8 . '0 9 . ’ 1 0 . ’ l l .
'1 2 . ’ 1 3 . ’ 1 4 . ’ 1 5 . T
P r e f e r r e d , % ----------- j ---------P
« r e
in
S £ 2 6 .6 4
4
C o m m o n , % _________________
6
6 6 6
10
6
6 2 6 . 6 1 H 154
B O N D S . — First refunding mtge. g o l d 4 s , $ 1 0 0 ,0 0 0 ,0 0 0 .
V . 69. p. 808.
an d V . 70. p . 739; V . 78. p . 228: V . 87. p . 225. 285, 479: V . 88. p . 52
Thirty-year gold 3 H s . $ 2 5 ,0 0 0 ,0 0 0 , s e c u r e d b y a s e o o n d lie n u p o n a il t h e
p r o p e r t ie s c o v e r e d b y t h e 1st r e f . m t g e . a n d a ls o b y d e p o s i t w it h t h e t r u s ­
t e e s , a s a o q u lr e d . o f a ll s e c u r it ie s a n d m o n e y s h e ld In a n y s in k i n g f u n d o f t h e
C o n t r a l P a c i f i c R y . , c o n s i s t i n g A p r i l 3 0 1 9 1 5 o f $ 4 , 5 8 5 , 7 7 9 in s e c u r it i e s a n d
* 4 6 7 c a s h , a n d b y a t r u s t d e e d u p o n a ll t h o l a n d s c o v c r o d b y m t g . d a t e d
O ct. 1 1870.
S ee M o r tg a g e A b s tr a c t , V . 6 9 , p . 8 5 8 , a ls o s e e p . 8 5 1 .
F rom
t h e p r o c c o d s o f t h e s e s in k i n g f u n d s a n d l a n d s a le s c a n c e l l a t i o n s o f b o n d s a r e
m a d e f r o m t im e t o t im e ; t o J u n e 3 0 1 9 1 6 $ 1 5 ,5 5 8 ,6 7 5 h a d b e e n c a n c o l o d
o r p u r c h a s e d f o r c a n c e l a t i o n , r e d u c i n g t h o s e o u t s t a n d i n g t o $ 9 ,4 1 1 .3 2 5 .
L u c i n C u t - o f f 4 s a r e r e d . a t 1 0 7 54 a n y i n t . d a y .
v . 79. p . 1641; gu ar­
a n ty . V . 8 0 , p . 162.
„
I n F e b . 1 91 1 t h e s a le w a s a r r a n g e d In F r a n c e o f 2 5 0 ,0 0 0 ,0 0 0 f r a n c s 4 %
3 5 - y e a r o o l l. t r u s t b o n d s , g u a r a n t e e d b y t h e S o u t h e r n P a c i f ic C o ( t h e l a t t e r
p l e d g i n g a s s e c u r i t y f o r t h e g u a r a n t y p a r t o f Its I n t e r e s t In a f f i l i a t e d c o s . ,
n o t a b ly S o . P a c ific R B J .
V . 92, p . 593, 794; V . 94 , p . 130, 1762.
In
D e c . 1 9 1 5 t h o S o u t h e r n I a c i f l c a r r a n g e d t o b u y b a c k a la r g o a m o u n t o f t h o
s a m e , p r e s u m a b l y t o t u r n th o r n I n t o d o l l a r b o n d s .
V . 101 o 2 1 4 6 .
T h e $ 8 , 5 0 0 , 0 0 0 o u t s t a n d i n g N e v a d a & C a lif o r n ia 6 % b o n d s ( $ 1 5 , 0 0 0 , 0 0 0
a u t h . Issue) w e r e a s s u m e d o n p u r c h a s e F e b . 2 9 1 9 1 2 ; a l s o $ 3 , 0 0 0 , 0 0 0 C e n ­
t r a l C a lif o r n ia R y . ,
C h ic o & N o r t h e r n R R . $ 2 , 5 0 0 , 0 0 0 S a c r a ­
m e n t o S o u . It R . a n d $ 5 , 0 0 0 , 0 0 0 O r e g o n E a s t e r n R y . V . 94 p 9 8 2 . 1 1 1 8 .
A l l o f t h o f i v e f o r e g o in g Issu os a r e o w n e d b y S o . P a c . C o ; , a s a r o a l s o
$ 1 0 ,1 3 9 ,3 5 0 5 - y o a r 6 % e x t e n s io n s p u r c h a s e n o t e s d u o M a r . 1 1 9 1 7 .
L A N D G R A N T . — T o t a l la n d g r a n t w a s a b o u t 1 2 , 0 0 0 ,0 0 0 a c r e s , o f w h to h
a b o u t 7 .1 1 7 ,9 8 7 a c r e s u n s o ld J u n o 3 0 1 9 1 6 .
S a le s In 1 9 1 5 -1 6 . 8 3 .7 6 8
a c r o s , a v g o . p r ic e p er a c r e , $ 5 .6 3 .
L a n d c o n t r a c t s J u ly 1 9 1 6 ,1 2 ,1 0 7 ,3 5 2 .
R E P O R T . — Y e a r e n d in g J u n e 3 0 1 9 1 6 , g r o s s , $ 3 8 ,6 8 1 ,4 8 4 ; n o t I n c o m e ,
a f t e r t a x e s , A c . , $ 1 6 ,3 5 0 ,0 9 8 ; g r o s s c o r p . l n c o m o , a f t e r a d d i n g I n t . o n s e c u r i ­
t i e s . & c . . $ 1 6 ,8 8 9 ,5 2 4 ; d e d u c t . I n t ., r e n t s , s k g . f u n d s , & c . . $ 1 0 ,8 9 5 ,2 5 4 ;
b a L . s u r ., $ 5 ,9 9 4 ,2 7 0 ; d iv id e n d a p p r o p r ia t io n s , $ 1 ,7 0 5 ,1 3 3 ; b id .. $ 4 ,2 8 9 .­
1 3 7 . I n 1 9 1 4 -1 5 , g r o s s , $ 3 1 ,8 7 7 ,9 8 2 ; n o t , $ 1 2 ,4 7 7 ,5 0 3 . — ( V . 1 0 4 , p . 1 0 4 4 .)
C E N T R A L R A I L R O A D O F H A I 1 1 .— S ee I la y t la n -A m o r lc a n C o r p .
C E N T R A L R R . O F N E W J E R S E Y . — (S ee M a p R e a d in g System.)— O p e r ­
a t e s f r o m J e r s e y C i t y , o p p o s i t e N e w Y o r k C i t y , w e s t e r l y t o W i lk e s - B a r r e
a n d S c r a n t o n , P a ., a n d t h o n e i g h b o r i n g a n t h r a c i t e c o a l H elds; a l s o s o u t h e r ly
t o t h e s e a s h o r e r e s o r t s o f N e w J e r s e y a n d t o t h e D e la w a r e R i v e r .
L in e s O wned in F ee —
M ile s . T S e e t ills c o m p a n y .
M ile s .
J e r s e y C it y t o P h ll ll p s b u r g ------------7 2
N e s q u e h o n l n g V a ll e y • ....................... 17
S u n d r y b r a n c h e s ----------------------------------8 5 L e h ig h A S u s q u e h a n n a , P h ll ll p s Entire Stock Owned—
b u r g t o U n io n J e t . , A o .................. 171
N ew Y o r k A L o n g B ra n ch R R .,
4
e ^7I5arro * S c r a n t o n * ______
P erth A m b o y to B a y H e a d —
3 8 O t h e r l in e s .....................................
g
N ew J ersoy S ou th ern R R ., L o n g
Trackage— "
B r a n o h t o A t s l o n , A o .......................7 4 U n io n C o a l R R .......................................... R )
O t h e r lin e s ( n o d e b t ) . . . . - - - 1 5 4
A lle n to w n T e r m , ( o p e r J o i n t l y ) ..
4
L ea sed (M o stly fo r 9 9 9 Y ears) —
O t h e r t r a c k a g e ___________
32
D o v e r A R o o k a w a y R R ---------------6
O g------d o n —M in
e R R * --------------------------10 , J o t a U p p e r a t e d D e c . 1 9 1 6 ........... 6 8 4
...........................
„
T h e r e a r e 2 6 2 m ile s o f 2 d , 41 m ile s o f 3 d a n d 3 0 m ile s o f 4 t r a c k s .
H I S T O R Y . — R e o r g a n iz e d In 1 8 8 7 w i t h o u t f o r e c l o s u r e — s e e p l a n V . 4 4 , p .
714, 716.
C o n c e r n i n g c o a l p r o p e r t ie s , s e c L e h ig h A W i lk e s - B a r r e C o a l C o .
a n d L e h ig h C o a l A N a v i g a t io n In M is c e l la n e o u s .”
i n 1 9 0 1 R e a d in g C o .
a c q u i r e d $ 1 4 ,5 0 0 ,0 0 0 s t o c k .
V . 72, p . 8 6 , 136 2 4 1 , 3 9 1 . 7 2 1 .
In S e p t.
1 9 1 3 t h e G o v e r n m e n t b r o u g h t s u i t a lle g in g v i o l a t i o n o f b o t h t h o S h e r m a n
(a w a n d t h o c o m m o d i t i e s c la u s e o f t h o I n t e r - S t a t e c o m m e r c e la w .
In O ct.
1 9 1 5 t h o f in a l d o c r o o o f t h o U . S . D i s t . C o u r t d is m is s i n g s a id s u i t , o r d o r o d
t h a t t h is c o m p a n y m u s t d i s p o s e o f its I n t e r e s t in t h e L o h lg h & W i lk e s - B a r r e
O oa J C o . w it h i n 9 0 d a y s .
B o t h p a r t i e s h a v o a p p o a lo d t o t h o U . S . S u p r e m e
C ou rt.
V . 9 7 . p . 6 6 6 ; V . 101, 1 46 4, 1807.
D I V S . — '9 1 .
’ 9 2 t o ’ 9 4 . ’ 9 5 . ’ 9 6 . ’ 9 7 . *98. '9 9 . ’ 0 0 . '0 1 . 1 9 0 2 t o A u g T 7
R e g u l a r . . 6 5 4 7 y 'r l y 5 5 4
5
4 5i
4
4
5
5
8
y e a r ly
(Q -F ).
S p e c i a l . . ................. .......................................D e c . 1 8 9 9 t o J u n o 1 9 1 7 , 4 y e a r l y (J & D )
S p e c i a l s o m i- a n n . d i v s . o f 2 % e a c h ( m a k in g t o t a l a n n u a l 1 2 % ) w o r e p a i d
a s u s u a l D o c . 1 9 1 5 t o J u n o 1 9 1 7 , b u t n o t a s p r e v i o u s l y , o u t o f L o l l . & 1 Y .- B .
C o a l C o . d l v i d o n d s , t h o C o u r t d e c i s io n In t h o a n t h r a c i t e c a s o h a v i n g o n J o ln e d t h o c o m p a n y f r o m r e c e i v i n g p a y m e n t s f r o m t h a t c o m p a n y .
V . 103.
p .J 6 0 ; V . 8 9 , p . 1 4 1 0 ; V . 9 0 , p . 1 6 1 2 ; V . 1 0 4 , p . 1 7 9 3 .
B O N D S . — F o r General Mortgage a b s t r a c t , s e e V . 4 5 . p . 4 0 2 .
T h o $ 2 0 ,0 0 0 ,0 0 0 L e h ig h A W i lk e s - B a r r e c o n s o l , s e r ia l 4 s a r e g u a r . p r l n .
a n d l n t „ a n d m a t u r e $ 2 , 5 0 0 ,0 0 0 e v e r y 5 y e a r s b e g i n n i n g J u n e 1 1 9 1 5 ,




27

RAILWAY STOCKS AND BONDS

A
A

A
A

A
A
A
A
A
A
A

Aug
Aug
O ct
M oh
N N ov
J Jan

165 B r o a d w a y ,N e w Y o r k
do
do
do
do
L o n d o n , P a ris , B e lg , A c
O w n e d b y S o u th P a o Co
do
do

Q— F
See te x t
A
J J u ly 1 1987
J u ly 1 1987
Q—0
M & N M a y 1 1926
A D J u n e l 1 9 2 0 -’ 5 0
J
A J J u ly 1 1921
J
M
A S S e p t 1 1941
J
A .1 J u l y 1 1 9 2 0
M & N M a y 1 1923
J
A J J u l y 1 1 92 1
Q— J
J a n 1 1964
M AS
14 1 9 4 9
J
A J Jan 1 1926

J

O ffic e 143 L ib e r t y S t ,N Y
L ib e r ty N a t B a n k , N Y
C h e c k f r o m T r e a s . O f f ic e
L ib e r ty N a t B a n k , N Y
do
do
do
do
L ib e r ty N a t B a n k . N Y
I r v in g N a t E x B k . N Y
F i d e l i t y T r u s t C o . P h ila
B an k ers T ru st C o, N Y
See t e x t
C o lo n ia l T r u s t C o , P lt t s b

E A R N I N G S . — 1 m o s . J 1 9 1 7 ______ G r o s s , $ 1 1 ,0 7 4 ,6 0 1 ;
J a n . 1 t o A p r i l 3 0 . 1 1 9 1 6 ........... G r o s s ,
1 0 ,8 4 7 ,5 5 7 ;
R E P O R T . — F is c a l y e a r n o w e n d s D e c . 3 1 .

n e t , S 2 , 5 3 4 ,1 1 7
n et,
3 .0 0 6 ,0 2 7

F o r 1916, see V . 104, p .1793.

— Years ending Dec. 3 1 --------- Y e a r* ending June 3 0 —

Earnings from—

1916.
1915.
1916.
1915.
M e r c h a n d i s e . . .......................$ 1 6 ,9 3 0 ,6 0 4 $ 1 4 ,3 4 1 ,7 9 0 S 1 6 .2 5 4 .9 7 6 $ 1 2 ,, 6 4 9 , 1 4 9
A n t h r a c i t e c o a l ......................
8 ,5 1 1 ,5 0 0
8 ,6 3 5 ,6 3 5
8 , 8 6 0 , 6 2 2 8 7 1 2 ,4 7 2
P a s s e n g e r s . . ......................... 6 , 1 3 4 , 8 1 4
5 ,5 6 7 ,8 2 0
5 ,8 9 3 ,0 5 6
5 5 0 8 ,1 5 0
2 ,7 9 5 ,4 3 0
2 ,0 2 3 ,6 6 0
2 ,4 5 4 ,2 7 5
1 8 7 2 ,4 8 5
M a i l , e x p r e s s , & c ................
T o t a l . . ................................ $ 3 4 ,3 7 2 ,3 4 8 $ 3 0 ,5 6 8 ,9 0 5
N o t e a r n i n g s ........................... $ 1 2 ,2 1 5 ,7 0 1 $ 1 0 ,7 1 4 ,6 2 3
N o t i n c o m e ( a f t e r t a x e s ) S I 1 , 8 2 3 ,4 3 2 $ 1 0 ,8 7 5 ,9 1 5
I n t e r e s t , & c .............................
2 ,4 7 4 , 4 4 2
2 ,4 5 1 ,6 6 1
M is c e l l a n e o u s ........................
1 4 2 ,6 3 9
1 1 3 ,5 9 1
3 ,3 0 8 ,4 5 6
3 ,1 0 2 ,1 0 0
R e n t a l s p a i d . ........................
D i v i d e n d s ( 1 2 % ) ................
3 ,2 9 2 ,4 1 6
3 ,2 9 2 ,4 1 6

$ 3 3 ,4 6 2 ,9 2 9 $ 2 8 ,7 4 2 ,2 5 6
$ 1 2 ,3 3 3 ,0 3 3 $ 9 ,7 9 0 , 9 4 9
$ 1 1 ,8 0 9 ,5 4 4 S 1 0 , 7 0 2 ,8 5 9
2 ,4 4 8 ,5 5 0
2 ,4 7 3 ,2 8 8
1 3 7 ,3 4 1
8 6 ,7 9 8
3 ,2 5 1 .0 8 0
2 ,8 3 0 .5 9 5
3 ,2 9 2 ,4 1 6
3 ,2 9 2 ,4 1 6

S u r p l u s .................................a $ 2 ,6 0 5 ,4 7 8
$ 1 , 9 1 5 , 1 4 6 a $ 2 ,6 8 0 ,1 5 7 S 2 . 0 1 9 .7 6 2
------------a D o e s n o t in c lu d e L e h ig h & W ilk e s -B a r r e C o a l C o . d iv s . o f J u n e a n d
D o c . 1 9 1 6 d e c l a r e d , b u t n o t y e t r e c e iv e d a m o u n t i n g t o $ 1 , 1 0 3 , 6 5 5 . ,
P r e s .,
W . G . B e s l e r . — ( V . 1 0 4 , p . 1 7 9 3 , 2 1 1 6 , 2 3 4 2 .)
C E N T R A L R R . O F P E N N S Y L V A N I A .— O w n s B e lle fo n te (P e n n . R R .)
t o M ill H a ll . P a . ( P a . D l v . o f N . Y . C . A H . R . R R . ) . 2 7 .3 m ile s : b r a n c h .
3 .4
m ile s .
C u r r e n t l ia b ilit ie s J u n e 3 0 1 9 1 6 , $ 7 4 5 ,6 5 6 .
F o r y e a r 1 9 1 5 -1 6 .
g r o s s , $ 6 0 ,5 7 5 ; n e t , $ 1 ,4 4 6 ; o t h e r I n c ., $ 1 7 9 ; c h a r g e s , $ 2 5 ,5 7 2 ; d e f i c i t , $ 2 0 . ­
947.
S t o c k . $ 6 0 0 ,0 0 0 ; p a r . $ 5 0 .
P r e s . , W . H . G e p h a r t . — ( V . 8 8 , p . 1 3 1 2 .)
C E N T R A L R R . O F S O U T H C A R O L I N A .— O w n s fr o m L a n e s . S . C .. t o
S u m t e r , S . C . , 4 0 .2 m ile s ; s p u r s , A o . , 1 .6 1 m . ; t o t a l , 4 1 .8 1 m .
L ea sed to
A t l a n t i o C o a s t L i n e R R . ; ren ta l-, $ 3 1 ,0 0 0 y e a r l y a n d t a x e s .
S t o c k . $ 1 7 0 .­
900; par, $50.
I n 1 9 1 4 -1 5 , r e n t a l, $ 3 1 ,0 0 0 ; g e n e r a l e x p e n s e s , $ 3 2 6 : I n t ..
$ 1 8 ,0 0 0 ; d i v s . ( 7 . 2 % ) , $ 1 2 ,2 4 0 ; b a l a n c e , s u r p lu s . $ 1 0 9 0 .— ( V . 6 4 , p . 8 8 7 .)
CENTRAL

R Y . O F C A N A D A .— S eo p a g e 2 0 8 .

C E N T R A L R Y . O F S O U T H C A R O L I N A . — ( V . 8 2 . p . 9 2 7 .)
C E N T R A L V E R M O N T R Y .— O p era tes fr o m R o u s e s P o in t, a t n o r th en d
o f L a k e C h a m p la in , t o N e w L o n d o n , C o n n ., w it h b r a n c h e s , 5 3 6 m ile s In a l l,
o f w h ic h 1 6 0 m ile s le a s e d , v i z . : N e w L o n d o n A N o r t h e r n (s e e t h a t c o . ) . 121
m ile s ; M o n t v i l l e B r a n c h , 3 ; W e s t R i v e r R R . , 3 6 m . V . 6 8 , p . 1 0 7 6 . I n M a y
1914
r o c o iv e d a u t h o r i t y t o le a s e f o r 9 9 9 y r s . S o u t h e r n N e w E n g la n d R y .
p a r t l y b u i l t . P a lm e r , M a s s . , t o P r o v i d e n c e ; a n d in M a y 1 9 1 6 a s k e d r ig h t
t o p u rch a se it.
V . 102, p . 1718.
T h e a d v a n ce s b y th e C o n tra l V e r m o n t on
a c c o u n t o f t h is lin e h a d o n J u n e 3 0 1 9 1 6 a g g r e g a t e d $ 8 , 3 8 4 , 7 4 9 , t h e C . V . ’ s
lo a n s a n d b ills p a y a b l e J u n e 3 0 1 9 1 6 a m o u n t i n g t o $ 7 , 7 5 8 , 0 8 5 .
V . 98. p .
1459; V . 102, p . 6 5 , 2341; V . 103, p . 2 07 8.
S toa m b oa ts, V . 103, p . 4 0 6 .
S E C U R I T I E S , A o — T h e G ra n d T r u n k R y . h o ld s $ 2 ,1 6 4 ,5 0 0 o f th e $ 3 .­
0 0 0 ,0 0 0 s t o o k .
F o rm o f In terest g u a r a n ty , V . 8 5 , p . 2 8 3 .
F o r C e n tra l
V e rm o n t T r a n s p o rta tio n g u a r. 5 % b o n d s , see V . 8 8 , p . 1 2 5 2 : g u a r , b o n d s
c o v e r in g 2 s t e a m s h ip s .
V . 94 , p . 910, 1249. 1626, 1695: V . 9 5 . p . 749 .
I n J u n o 1 9 1 6 c o n t e m p l a t e d c r e a t in g $ 3 0 ,0 0 0 ,0 0 0 b o n d is s u e t o p r o v i d e
f o r f u n d i n g , r e f u n d i n g , c o m p l e t i o n o f S o u t h e r n N e w E n g la n d R y . , f u t u r e
im p r o v e m e n t s , A c .
T o b o g u a ra n te e d b y G ra n d T r u n k R y .
L A T E S T E A R N I N G S . — ( 1 9 1 7 ................ G r o s s , $ 1 , 3 1 9 , 6 5 6 ;
4 m o s . , J a n . 1 t o A p r i l 3 0 . 1 1 9 1 6 ..............G r o s s ,
1 ,4 5 5 ,0 7 9 ;
F o r s i x m o n t h s J u l y 1 t o / 1 9 1 6 ------------- G r o s s , $ 2 , 2 7 1 , 6 7 3 ;
D e c . 3 1 ..........................................1 1 9 1 5 ................. G r o s s , 2 , 0 7 8 . 7 7 0 ;

n e t , $ 1 1 4 ,6 7 5
n e t , 2 7 1 ,1 0 8
n e t , $ 4 5 0 ,3 6 0
n e t , 4 2 4 ,0 0 9

R E P O R T .— F o r y e a r e n d in g J u n e 3 0 1 9 1 6 , s e e V . 1 0 3 . p . 1 8 8 3 .
Year—
Gross.
Net.
Other Inc.
Charges.
Dal., Sur.
1 9 1 5 -1 6 _____$ 4 ,6 1 2 ,3 5 8
$ 9 7 4 ,6 4 5
$ 4 3 ,7 2 0
$ 8 4 3 ,1 5 7
$ 1 7 5 ,2 0 8
1 9 1 4 -1 5 _____ 4 ,2 1 0 .4 1 1
7 1 9 ,9 2 4
6 6 ,2 2 0
7 7 0 ,7 2 6
1 5 ,4 1 8
O F F I C E R S . — C h a ir m a n , E . J . C h a m b e r la i n ; P r e s . , E . C . S m i t h ; C le r k
a n d T r e a s ., W . H . C h a ffe e , S t . A lb a n s .V t .— ( V . 1 0 3 , p . 1 5 0 8 ,1 8 8 3 ,2 0 7 8 .)
C E N T R A L W E S T V I R G I N I A & S O U T H E R N R R . — H e n d r ic k s . W .
V a . , t o A r m o n t r o u t , 3 0 m ile s ; le a s e s R o d O r o e k R R . , R e d C r e e k J e t . t o
L a n e v i l l o , 5 . 7 0 m ile s ; t o t a l , 3 5 . 7 m ile s .
S t o c k . $ 5 0 0 ,0 0 0 ; p a r , $ 1 0 0 .
B o n d s ($ 1 0 0 0 ,0 0 0 a u t h o r i z e d ) , o f w h ic h $ 5 0 0 .0 0 0 r e s e r v e d f o r n e w c o n s t r u c ­
t io n .
C a ll a b l e o n a n y i n t . d a y a f t e r J a n . 1 9 2 3 a t 1 0 5 .
S in k in g fu n d ert ir e s 2 5 4 % o f b o n d s o u t s t a n d i n g s e m i- a n n u a l ly .
P r e s ., R o b e r t F . W h lt m o r ; 1 s t V . - P . , J . A . H a r r is ; 2 d V . - P . , W . I I . B o w e r ; T r e a s . , J . E . R i c h a r d s ;
S e c . , F r e d H . E l y , P h il a d e l p h i a , P a .
O f f i c e , H e n d r ic k s , W . V a .
C H A R L E S T O N (S . C .) T E R M I N A L C O .— R O A D . — O w n s t e r m in a l r o a d .
5 .0 2 m . ; 14 w h a r v e s , 3 0 w a r e h o u s e s , 4 c o t t o n o o m p r e s s e s , A o .
V . 77,
p. 148, 2 98 .
S t o o k , $ 2 0 0 ,0 0 0 , o w n e d J o in t ly b y A t l . C o a s t L i n e R R . a n d
S o u t h e r n R y . , w h ic h a g r e e t o m a k e g o o d a n y d e f lo i e n o y in i n t e r e s t o n b o n d s .
L o a n s a n d b i ll s p a y a b l e , $ 3 0 ,0 0 0 .
F o r y e a r e n d in g J u n e 3 0 1 9 1 6 , g ro s s .
$ 1 9 8 ,9 3 5 ; n e t , $ 9 2 ,2 8 9 : 1 9 1 4 -1 5 , g r o s s , $ 2 2 7 ,3 6 3 ; n o t i n c o m e , $ 2 7 ,3 6 9 ; i n t .
o n b o n d s , $ 3 2 ,0 0 0 ; b a l „ d e f . . $ 2 , 5 7 3 . — ( V . 7 7 , p . 1 4 6 .)
C H A R L E S T O N U N I O N S T A T I O N C O .— O w n s p a s s e n g e r s t a t io n a t
C h a r le s t o n , S . O ., u s e d b y A t l a n t i o C o a s t L i n e a n d S o u t h e r n R y . , w h ic h e a c h
o w n s o n e -h a lf th e s to o k a n d g u a r a n te e s th e b o n d s , p . A I ., b y e n d o r s e m e n t.
R e n ta l c o v e r s in te re s t on b o n d s a n d 4 % o n s t o c k .
S e a b o a rd A ir L in e R y
a l s o u s e s p a s s e n g e r s t a t io n u n d e r a g r e e m e n t .— ( V . 8 4 , p . 5 0 . )
C H A R L E S T O N & W E S T E R N C A R O L I N A R Y . — P o r t R o y a l . S . C . . v ia
A u g u s t a , G a ., t o S p a r t a n b u r g , S . C . . 2 4 6 m .; b r a n c h e s t o A n d e r s o n a n d
G r e e n v il l e , S . C . , 9 5 m . ; l e a s e d , 2 m . ; t o t a l , 3 4 3 m .
E n tir e s t o c k o w n e d b y
A t l. C o a s t L in o C o . V . 6 6 , p . 3 8 , 3 3 5 .
S T O C K .— $ 1 ,2 0 0 ,0 0 0 ; p a r , $ 1 0 0 . S ee A u g u s ta T e r m . R y . V . 6 6 . p . 3 8 3 .
B O N D S .— O f th e 1st c o n s o l. 5 0 -y r . b o n d s o f 1 9 1 4 ($ 1 0 ,0 0 0 ,0 0 0 a u t h o r ­
iz e d i s s u e d ), $ 2 , 3 8 0 , 0 0 0 , is s u e d t o r e t ir e t h e i n c o m e b o n d s , h a v e in t e r e s t
p a y a b le a t 2 % y e a r ly fo r t h e f ir s t 2 y e a r s , 3 % fo r th e n e x t 3 . 4 % fo r th e

[Vol. 104.

RAILWAY STOCKS AND BONDS

28

RAILROAD COM PANIES
[For abbreviations. Ac. see notes on first page]
C e n tr a l V e r m o n t — S t o o k J 3 . 0 0 0 . 0 0 0 .............. .......................
F i r s t M J 1 2 .0 0 0 .0 0 0 g o l d t r a f f i c g u a r ----------A B .x o A r
F i r s t & R e f u n d i n g m o r t g a g e $ 3 0 .0 0 0 .0 0 0 ....................
E q t r n o t e s d u e $ 4 9 ,0 0 0 e a c h F & A ( V 9 4 . p 3 5 0 )x
M o n t r e a l & P r o v i n c e L i n e R y 1 s t M g u a r p & 1------- c
0 V T r a n s e q b d s g g u $ 1 2 M o r $ 1 3 M d u e s -a _ B a .x
do
d o S e r B d u e $ 5 0 ,0 0 0 s e m l- a n g u a r _ _ B a .x
C e n t r a l W V a & S o u t h R R — 1st M g s f r e d t e x t . _ c*
C h a r le s t o n & S a v a n n a h — S e e A t l a n t i c C o a s t L i n e R R C h a r le s t o n T e r m i n a l — F l r s t M $ 1 , 0 0 0 , 0 0 0 g — G .x c * A r
C h a r le s t o n U n S t a — 1 s t M J 4 0 0 .0 0 0 g g u ( t e x t ) E a -x o * A r
C h a r le s t o n & W e s t C a r — I s t M g ( $ 8 , 0 0 0 p m ) C e . x c * A r
1 s t c o n s o l M S e r A ____________________________ S B a . x c *
do
do
___________________________________________
A u g u s ta T e r m in a l R y 1st M g o ld g u a r p & 1 e n d .x C e
C h a r lo t t e M o n r o e & C o l u m b i a — 1 s t M $ 7 0 ,0 0 0 g - - - c
C h a r lo t t e C o l u m b i a & A u g u s t a — S e e S o u t h e r n R y
C h a r t i e r s — S e e P i t t s b C in c in n a t i C h ic a g o A S t L o u is
C h a t t a h o o c h e e V a ll e y —
C o n s o li d a t e d m o r t g a g e $ 2 8 0 ,0 0 0 __________________A B x
C h a t t a n o o g a S t a t i o n — 1 s t M g g u ( t e x t ) ..............E q .x o A r
C h e s a p e a k e & O h io — S t o c k ( $ l o 5 , 0 0 0 , 0 0 0 a u t h o r i z e d )
T e r m in a l 1 s t M 1 9 2 2 o o v e r l n g 8 m t o P h o e b u s g . z o *
F ir s t c o n s o l m t g e f o r $ 3 0 ,0 0 0 ,0 0 0 g o l d ___ C e .x o * A r
R i c h & A l l D lv 1 s t & 2 d M s ( 5 1 , 0 0 0 , 0 0 0 2 d s ) C c . x c *
C r a ig V a l l e y B r a n c h fir s t m o r t g a g e g o l d ----------C e .x o *
W a r m S p r i n g s B r a n c h fir s t m o r t g a g e g o l d — C e .x o *
G e n e r a l m o r t g a g e ( f o r $ 7 0 ,0 0 0 ,0 0 0 A c ) g o l d . - C e . x o *
P a i n t C r e e k B r a n o h 1 s t M $ 7 5 0 ,0 0 0 g o l d _____C e .x o
G o a l R i v e r I s t M g a s s d ---------------------------------------- C e . x c *
G r e e n b r ie r R y I s t M $ 3 , 0 0 0 , 0 0 0 g a s s u m e d . - E q . x o *
B ig S a n d y R y fir s t m t g e $ 5 , 0 0 0 , 0 0 0 g o l d ___ C e . x c
P o t t s C r B r I s t M $ 1 , 0 0 0 , 0 0 0 a u t h ( V 8 3 , p 6 9 3 ) C e .x o
V ir g in ia A i r L i n e 1 s t M $ 9 0 0 ,0 0 0 g a s s u m e d _________ x
R a le ig h A S o u t h w 1 s t M $ 1 ,5 0 0 ,0 0 0 g a s s u m e d . C e x
G e n f d & I m p M $ 1 1 ,0 0 0 ,0 0 0 r e d 1 0 7 H - U s m . x c * & r
C o n v e r t g b o n d s $ 3 7 ,2 0 0 ,0 0 0 r e d t e x t U s m . x o * A r *
C o n v e r t g b o n d s $ 4 0 ,1 8 0 ,0 0 0 g ________________ c * & r *

M ties Date
Road Bonds

Amount
Outstanding

Par
Value

Rate
%

$100
600 & -

$ 3 ,0 0 0 ,0 0 0
1 1 ,7 5 0 ,0 0 0

1 ,0 0 0
100 A o
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0

2 0 0 .0 0 0
1 1 0 ,0 0 0
5 0 0 .0 0 0
5 0 0 .0 0 0

490V 066

6
4
5
5
5

g
g
g
g

1903
1907
1896
1914
1914
1897
1902

1 ,0 0 0 A c
1 .0 0 0 A o
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1 ,0 0 0

8 0 0 ,0 0 0
2 5 0 ,0 0 0
2 ,7 2 0 ,0 0 0
2 ,3 8 0 ,0 0 0
See tex t
6 0 0 .0 0 0
7 0 .0 0 0

4
4
5
2 to

g
g
g
5

32 H

1900
1907

'1 6

1882
1889
1890
1890
1891
1892
1905
1905
1900
1904
1906
1907
1906
1909
1910
1916

1 ,0 0 0
1 .0 0 0 A c
100
500 A c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0 A c
1 ,0 0 0 A c
500 & c

A ll
4 0 .6
30

343
343
343
18

697
242
26
25
1 .4 1 9
23
86 H
101
86
20
35
3 5 )4
1 .6 4 8
...

1899
1916
1912
1900
1909
1912
1913

n e x t 5 a n d th e re a fte r 5 % .
O f t h e r e m a in in g b o n d s ( t o b e a r I n t e r e s t n o
h ig h e r t h a n t h o S o . C a r o l i n a r a t e ) , $ 2 , 7 2 0 , 0 0 0 a r e I s s u a b le f r o m t lm o t o
t im e t o r e t ir e t h e o l d 1 s t 5 s , $ 6 0 0 ,0 0 0 t o t a k e u p t h e A u g u s t a T e r m i n a l 6 s
a n d $ 4 ,3 0 0 ,0 0 0 e x t e n ., b e t t e r m ’ ts o r e a u ip . V . 9 , p . 1 3 1 5 . V . 1 0 0 , p . 1 3 4 7 .
V . 100, p . 1347.
$ 7 0 4 ,3 0 7 ; n e t , $ 1 6 7 ,7 0 4
L A T E S T E A R N I N G S . — 1 1 9 1 7 ..............G r o s s ,
6 8 0 ,2 2 8 ; n e t , 2 2 3 ,3 5 1
4
m o s . , J a n . 1 t o A p r i l 3 0 . 11 9 1 6 ............G r o s s ,

When
Payable

$ 2 ,1 8 5 , 1 0 0 h e l d
4 g
<3 — F

6 g
6 g

2 8 0 ,0 0 0
6
1 .0 0 0 ,0 0 0
4 g
6 2 , 7 9 2 . 6 0 0 ....................
1 4 2 ,0 0 0
6 g
2 9 ,8 5 8 ,0 0 0
6 g
7 .0 0 0 .0 0 0 ,
4 g
6 5 0 ,0 0 0
5 g
4 0 0 ,0 0 0
5 g
4 8 .1 2 9 ,0 0 0
4 )4 g
5 3 9 .0 0 0
4 g
2 ,7 7 6 .0 0 0
4 g
1 ,7 6 2 .0 0 0
4 g
4 .5 6 3 ,0 0 0
4 g
6 0 0 ,0 0 0
4 g
9 0 0 ,0 0 0
5 g
8 5 7 ,0 0 0
4 g
3 ,6 9 8 ,0 0 0
5 g
3 1 ,3 9 0 ,0 0 0
4 H g
4 0 ,1 8 0 ,0 0 0
5 g

Last Dividend
and Maturity

Places Where Interest ana
Dividends are Payabi*

b y G ra n d T ru n k R y o f C a n ad a
A m e r ic a n T r u s t C o , B o a t
M a y 1 1920

F
A
A
A
A
O
M A N 15
M A
N
J
& J

A u g '1 7 - F e b '2 2
O ct l 1950
N o t f ’ 1 7 - M a y ’ 21
N o v '1 7 - M a y ’ 2 2
J a n 1 1933

B la ir A C o , N e w Y o r k
A m er L A T r C o, B oston
B a n k ers T ru st C o, N Y
do
do
W e s t E n d T r C o , P h il a

J
.1
A
J
J
A
A

A
A
A
&
&
A
A

J u ly
Jan
O ot
Jan
Jan
Apr
O ot

G u a ra n ty T ru st C o, N Y
E q u it a b le T r u s t C o , N 1
C e n tr a l T r u s t C o , N Y
N e w Y o r k o r B a lt i m o r e
do
do
C e n tr a l T r u s t C o , N Y

.1
J

A J 1 5 J u ly 15 192 0
A
J J a n l 1957
J u n e 3 0 ’ 17 2 %
A
D June 11922
A
N M a y 1 1939
A
J Jan 1 1989
A
J J u ly 1 1940
vS M o h 1 1 9 4 1
A
A
s M oh 1 1 9 9 2
A F eb 1 1945
A
A
I) J u n e 1 1 9 4 5
A
N N o v 1 1940
D J u n e 1 1944
A
A
.1 J u l y 1 1 9 4 6
A
N M ay 1 1 9 5 2
A
J J u ly 1 1936
A
J Jan 1 1929
A
A F eb 1 1930
&
O A p r 1 1946

J
M
.1
J
M
M
F
.1
M
J
J
M
.1
J
F
A

J
J
O
J
J
0
o

1
1
1
1
1
1
1

1953
1937
1948
1964
1964
1947
1932

A m er T ru st C o, B oston
J. P. M organ & C o. N Y
O f f ic e , 7 1 B r o a d w a y , N Y
J P M organ A C o, N Y
do
do
do
do
O ffic e 71 B r o a d w a y , N Y
do
do
do
do
do
do
do
do
J P M organ A C o. N x
O ffic e , 71 B r o a d w a y , N Y
do
do
do
do
do
do
do
do
do
do
do
do

Collateral Pledged or to be Pledged for First Lien and Impt. Mortgage Bonds.

O . & O . E q u i p m e n t C o r p o r a t i o n s e c u r it ie s r e p r e s e n t in g o q u i p ’ t . $ l 1 ,9 2 5 , 6 3 2
C h e s . & O . R y . C o . o f I n d . — A ll s t o c k , b o n d s a n d n o t e s ............ .. 1 3 , 8 6 1 , 3 0 8
C h e s . & O h io R y . C o . G e n e r a l F u n d i n g & I m p t . b o n d s _________
7 ,3 0 2 ,0 0 0
H o c k i n g V a ll e y R y . C o . s t o c k ( o u t o f $ 1 1 ,0 0 0 ,0 0 0 o u t s t a n d i n g )
8 ,8 2 5 ,0 0 0
P r o c e e d s o f K a n a w h a & M i c h i g a n s t o c k s a le ( b e in g p r i n c ip a ll y
a p p li e d t o p u r c h a s e o f O . & 0 . N o r t h e r n s t o c k ) ________________
4 .0 2 6 ,5 0 0
E l k n o r n & B e a v e r V a lle y R y . C o . s t o c k & b o n d s ( V . 9 9 , p . 1 1 9 )
1 ,0 6 1 ,0 0 0
F o r s i x m o n t h s , J u l y 1 t o f l 9 1 6 _______ G r o s s , $ 1 , 0 4 5 , 6 4 5 ; n e t , $ 3 3 2 ,7 4 7
L o g a n & S o u t h e r n R y . C o . s t o c k -------------------------------------------- ----------2 9 2 .1 0 0
D e c . 3 1 ......... .......................... .....\ 1 9 1 5 ............... G r o s s ,
9 0 5 ,9 0 0 ; n o t , 2 6 0 ,5 9 9
T h e First Lien & Improvement Mortgage b o n d s w ill t h u s b e ( 1 ) a first lien,
e it h e r d i r e c t l y o r t h r o u g h d e p o s i t o f a ll s t o c k s a n d b o n d s , u p o n 3 2 0 .5 7 m ile s
R E P O R T .— F o r y e a r e n d in g J u n e 3 0 1 9 1 6 , g r o s s , $ 1 ,8 8 5 ,6 2 4 ; n o t, a fte r
o f r a i lr o a d , v i z . : ( a ) D i r o c t l y o n 2 9 .3 4 m ile s o f c o a l b r a n c h lin e s in W e s t
t a x e s , $ 5 7 5 ,8 7 3 ; o t h e r I n c o m e , $ 5 6 ,5 0 0 : i n t . o n b o n d s , r e n t a l s a n d o t h e r
V i r g i n ia ; ( b ) t h r o u g h d e p o s i t o f a ll s e c u r it ie s o n 9 . 7 9 m ile s o f L o g a n &
c h a r g e s , $ 2 9 2 ,8 2 2 ; b a l a n c o , $ 3 3 9 ,5 5 2 .
I n 1 9 1 4 -1 5 , g r o s s , $ 1 ,7 6 5 ,6 3 6 ; n e t ,
S b u t h e r n R y . in W . V a .. o n 2 0 .7 4 m ile s o f E l k h o r n & B o a v o r V a ll e y R y .
$ 3 3 9 ,8 0 8 .
P r e s . , F . B . G r i e r , G r e e n w o o d ; J . I t . K e n l y , 1 s t V . - P r e s .;
A . W . A n d e r s o n , 2 d V . - P r e s . a n d G e n . M g r . ; R . D . C r o n l y , S e c . , W i l m i n g ­ in K e n t u c k y , a n d o n 2 6 0 .7 m ile s o f m a in l in e b e t w e e n C i n c i n n a t i a n d C h i ­
cago.
( 2 ) a first lien o n a ll s t o c k o f O . A O . N o r t h e r n R y . , r o a d u n d e r
t o n , N . C . — ( V . 1 0 0 , p . 1 3 4 7 , 2 0 0 9 .)
Big
c o n s t r u c t i o n , a n d 8 0 . 2 3 % o f s t o c k o f t h e H o c k i n g V a ll e y R y . C o .
(3 ) A
CHARLOTTE MONROE & COLUMBIA HR.— O w n s M o B e e , S . C . . t o
lie n o n a ll t h e r e m a in in g lin e s o f r a i lw a y o w n e d o r c o n t r o l l e d b y t h e c o m J e f f e r s o n . 1 8 m ile s .
I n F e b . 1 9 1 3 W . I t . B o n s a i, H a m l e t . N . C . . a n d
a s s o c ia t e s , s e c u r e d c o n t r o l .
S t o c k , $ 4 8 ,0 0 0 ; p a r , $ 1 0 0 .
P r o s ., W . I t .
B o n s a i; S e c . & T r e a s . . S . O . B a u e r s f l e ld . M c B e e , S . C . — ( V . 8 9 , p . 1 3 4 6 .)

CHATEAUGAY & LAKE PLACID R Y.— {See Map Del. A H u d so n .)—

O p e r a t e s f r o m P l a t t s b u r g , N . Y . , t o L a k e P l a c i d , 7 9 m il e s , o f w h ic h B l u f f
P o i n t t o D a n n e m o r a , 1 6 m . , is le a s e d a t n o m i n a l r e n t a l f r o m S t a t e o f N . Y .
S t o c k , $ 3 , 4 5 0 , 0 0 0 , o f w h i c h $ 3 , 0 0 0 , 0 0 0 Is 4 % n o n - c u m . p r e f . , t h e l a t t e r
a ll o w n e d b y D . & H . ( V . 8 4 , p . 5 0 ) a n d $ 4 5 0 ,0 0 0 c o m m o n s t o c k , o f w h ic h
t h e D . & I I . o w n s $ 7 5 ,0 0 0 .
L e a s e d t o t h e D e l . & H u d s o n u n t i l D e c . 31
2 4 0 3 , a n y b a la n c e o v e r e x p e n s e s o f o p e r a t io n . I n te re s t, t a x e s , m a in te n a n c e ,
d a m a g e s , d iv id e n d o n p r e f. s t o c k , A o ., t o g o t o th e le s s o r .
T h e le a s e is
s u b j e c t t o r e v i s i o n o n 6 m o n t h s ’ n o t i c e b y e it h e r p a r t y . — ( V . 8 4 , p . 5 0 , 9 3 0 . )

CHATTAHOOCHEE & OULF RR.— C o l u m b i a . A l a . , t o F l o r a l a , 9 2 m
L E A S E . — L e a s e d In 1 9 0 0 In p e r p e t u i t y t o C e n t , o f G e o r g ia R y . f o r 6 % o n
$ 4 3 6 ,4 0 0 s t o c k a n d $ 1 0 7 ,0 0 0 b o n d s ( o f w h ic h o n l y $ 2 4 2 ,0 0 0 o u t s t a n d i n g
J a n . 1 1 9 1 7 ) , o f w h ic h 1 % t o b e u s e d a s a s i n k in g f u n d f o r r e t ir e m e n t o f
b o n d s , u p o n c o m p l e t i o n o f w h ic h r e n t a l w ill b e 6 % o n s t o c k , p a y a b l e J . - J .
S e e C e n t , o f G a . R y . — ( V . 9 3 . p . 1 5 9 9 ; V . 9 5 , p . 1 6 0 7 ; V . 9 9 , p . 1 7 4 8 .)
C H A T T A H O O C H F. l T * V A L L E Y ~ R Y .— S t a n d in g R o c k , G a . , v i a W e s t
P o i n t t o J e s t e r , A l a . , 3 2 . 5 m . ; w it h e x t e n s i o n c o m p l e t e d In 1 9 1 6 f r o m M c ­
C u l l o c h , A l a . , t o B l e e c k e r , 11 m .
S t o c k a u t h . , $ 1 ,0 0 0 ,0 0 0 ; I s s u e d , $ 1 1 0 , ­
000; p ar, $100.
B o n d s , se e ta b le a b o v e .
T h e $ 5 0 ,0 0 0 o l d 6 s , d u e J u l y 15
1 9 1 6 , w e re r e p la c e d b y c o n s o ls .
V . 103, p . 843.
L o a n s a n d b ills p a y a b l e
D e c . 3 1 1 9 1 6 , $ 1 0 0 ,5 0 0 .
Y e a r 1 9 1 6 , g r o s s , $ 1 4 4 ,3 3 0 ; n o t , a f t e r t a x e s ,
$ 6 7 ,1 7 9 ; c h a r g e s , $ 3 0 ,1 1 4 ; b a l . , s u r ., $ 3 8 ,3 9 6 . — ( V . 1 0 3 , p . 8 4 3 .)

CHATTANOOGA STATION CO.— O w n s u n io n p a s s e n g e r s t a t io n o p e n e d
D e o . 1 1 9 0 9 a n d a p p r o a c h e s a t C h a t t a n o o g a . T e n n ., u s e d b y t h e S o u t h e r n
R y . , C e n tr a l o f G e o r g ia , A l a b a m a G r e a t S o u t h e r n a n d C In . N . O . A T e x a s
P a c i f ic , w h ic h e a c h o w n s o n e - f o u r t h o f t h e s t o o k a n d g u a r a n t e e s t h e b o n d s
j o i n t l y a n d s e v e r a l ly , p . A 1 „ b y e n d o r s e m e n t .
R e n ta l c o v e r s b o n d In terest
a n d 4 % o n s t o c k .— ( V . 8 4 , p . 5 0 .)
C H E S A P E A K E & O H I O R Y . — (S ee

Lines owned in fee—

Miles.

M ap.) — O n D e c . 3 1 1 9 1 6 o p e r a t e d :
Controlled by stock—
Miles

F t . M o n r o e , V a . , t o C o v I n g t o n , K y . 6 6 3 B r i d g e — C o v ln g t o n - C ln c l n n a t l .
2
C h e s . & O h io R y . o f I n d i a n a ___
261
R lo h m o n d v ia L y n c h b u r g , t o
Lines leased—
C l i ft o n F o r g e , V a ____________
230
38
B r a n c h e s In V a . a n d W . V a ___
6 6 1 S u n d r y b r a n o h e s l e a s e d _________
84
D e n t o n , K y . , t o L e x i n g t o n _____ 1 0 3 Trackage t o L o u i s v i l l e __________
B ig S a n d y J o t . t o E l k h o r n C it y ,
T ra o k a g e t o W a s h in g to n , D . 0 .
85
w it h b r a n c h .....................................
1 2 8 O t h e r t r a c k a g e ----------------------------55
B r a n c h e s In K e n t u o k y ....................
76
T o t a l o f a l l ..........................................2 ,3 8 6
S e c o n d t r a c k (4 8 1 o w n e d ) 6 0 7 m ile s .
A l s o c o n t r o l s H o c k i n g V a ll e y ,
3 5 0 m . , C . & O . N o r . R y . a n d o n e - s ix t h i n t . In R l c h m o n d - W a s h l n g t o n C o .
T h e C h e s a p e a k e & O h io N o r t h e r n R y . (s e e c a p t i o n t h a t c o . ) Is b u i l d in g
a 3 0 - m il e l in e w h i c h , a s s u p p l e m e n t e d b y 3 2 m ile s t r a c k a g e o v e r t h e N o r ­
f o l k & W e s t e r n , w ill a f f o r d a d i r e c t c o n n e c t i o n w it h t h e H o c k i n g V a l l e y ,
a n d t h u s t o t h e G r e a t L a k e s , r e p l a c in g K a n a w h a & M i c h . l in e ( V . 1 0 1 . p .
1 8 8 4 ).
V . 100, p . 1751; V . 98 , p . 1536, 1692.
H I S T O R Y , A C .— In 18 8 8 r e o r g a n iz e d w it h o u t fo r e c lo s u r e .
In 1909 a
s y n d i c a t e h e a d e d b y E d w i n H a w l e y ( n o w d e c e a s e d ) a c q u i r e d a b o u t $ 2 4 ,­
0 0 0 ,0 0 0 s t o c k , o r v i r t u a l c o n t r o l .
V . 88, p. 294.
O w n s $ 8 ,8 2 5 ,8 0 0 o f
$ 1 1 ,0 0 0 ,0 0 0 H o c k i n g V a l. c o m . s t o c k .
A s t o C h e s . & O h io R y . o f I n d i a n a
see b e lo w .
V . 90. p . 1675: V . 91, p . 93, 214 , 802 .
K a n a w h a & M i c h , s t o c k w a s s o l d t o T o l e d o & O h io C e n t r a l R y . a s o f
J u n e 1 1 9 1 4 a t p a r w it h i n t . f r o m t h a t d a t e , $ 2 , 0 0 0 , 0 0 0 t o b e p a i d In c a s h
a n d r e m a in d e r In T o l . & O h io C e n t r a l n o t e d u e S e p t . I 1 9 1 5 , g u a r a n t e e d b y
L a k e S h o re & M ic h . S o u th e rn R y . a n d fu lly s c c u r o d .
V . 9 6 , p . 6 2 , 134.
V . 97, p . 1425: V . 9 8 . p . 9 11 , 1536; V . 9 9 . p . 1066, 1055, 1450.
D I V S . — \’ 9 9 - ’ 0 8 . 1 9 0 9 . 1 9 1 0 . 1 9 1 1 . 1 9 1 2 . 1 9 1 3 . 1 9 1 4 .1 9 1 5 . 1 9 1 6 . 1 9 1 7
P e r c o n t ._ J l y e a r ly
3
4Ji
5
5
4H
3
N one
2
2 ,D i v i d e n d s w e r e r e s u m e d In D e c . 1 9 1 6 , 2 % b e i n g p a i d ; J u n e 1 9 1 7 , 2 % .
S T O C K . — A u t h o r , s t o c k w a s I n c r e a s e d in 1 9 1 6 t o $ 1 5 5 ,0 0 0 ,0 0 0 , o f w h ic h
$ 3 7 ,2 0 0 ,0 0 0 w a s r e s e r v e d f o r c o n v e r s io n o f 4 M s o f 1 9 1 0 a n d $ 5 0 ,2 4 0 ,0 0 0 f o r
c o n v e r s io n o f 5 s o f 1 9 1 6 .
V . 102 , p . 116 2, 1625.
B O N D S . — A b s t r a o t o f c o n s o l , m t g e . o f 1 9 3 9 In V . 4 9 , p . 1 4 7 ; V . 8 b , p .
1 5 8 8 ; V . 9 2 , p . 2 6 0 : o f R i c h m o n d & A l l e g h a n y m t g e s .. In V . 5 1 , p . 1 4 4 .
T h e General mortgage o f 1 8 9 2 (C e n t r a l T r u s t C o . a n d H . T . W i c k h a m ,
t r u s t e e s ) Is f o r $ 7 0 ,0 0 0 ,0 0 0 , b u t a d d it i o n a l a m o u n t s a t $ 2 5 ,0 0 0 p e r m ile m a y
b e Is s u e d f o r d o u b l e - t r a c k i n g .
S e e f u ll a b s t r a o t o f m o r t g a g e In V . 6 4 , p
644.
I n J u l y 1 9 1 5 $ 3 1 ,1 3 1 ,0 0 0 w a s r e s e r v e d t o r e t ir e u n d e r l y i n g b o n d s .
G en eral F u n d in g a n d I m p . m o r t., V . 8 7 , p . 166 3: V . 8 8 ,p . 157.
T h e “ First Lien and Improvement" mortgage of 1 9 1 1 is l im i t e d t o $ 1 2 5 . ­
0 0 0 ,0 0 0 b o n d s , b e a r in g I n t e r e s t a t r a t e s n o t t o e x c e e d 5 % .
I t p r o v id e s fo r
e x t e n s io n s a n d i m p t s . a n d t h e r e t ir e m e n t o f c e r t a in e q u i p m e n t a n d o t h e r
o b l i g a t i o n s , i n c lu d in g t h e " G e n e r a l F u n d i n g a n d I m p r o v e m e n t ’ ’ b o n d s ,
a n d fo r o th e r co rp o ra te p u rp oses.
O f o u t ir o $ 4 7 ,2 6 5 ,0 0 0 o u t s t a n d i n g u n d e r
t h is m o r t g a g o in J u n e 1 9 1 6 , $ 4 5 ,9 2 0 ,0 0 0 h a d b e e n p l e d g e d t o s e c u r e t h e
$ 4 0 ,1 8 0 ,0 0 0 c o n v e r t i b l e 5 s o f 1 9 1 6 , d u e 1 9 4 6 .




b u t n o t o n t h o a b o v e - m e n t i o n e d c o ll a t e r a l .
O f t h e a u t h o r i z e d $ 3 7 ,2 0 0 ,0 0 0 c o n v e r t i b l e g o l d b o n d s o f 1 9 1 0 , $ 3 1 ,3 9 0 ,0 0 0
w e r e is s u e d In t h a t y e a r .
T h e y a r e r e d e e m a b le a ft e r 191 5 a t 1 0 2 )4 ,
a n d c o n v e r t i b l e a t p a r , a t t h e o p t i o n o f t h e h o l d e r , I n t o s t o c k t il l F o b . 1 1 9 2 1 .
V . 9 0 , p . 7 7 1 ,8 4 8 ; V . 9 1 . p . 8 7 0 , 9 4 5 , 1 1 5 9 , 1 5 7 4 .
T h e Convertible 3 0 -gear 6 % gold bonds f o r $ 4 0 ,1 8 0 ,0 0 0 , b e a r i n g i n t e r e s t
f r o m A p r i l 1 1 9 1 6 , w e r e a u t h o r i z e d in M a r c h 1 9 1 6 ( V . 1 0 2 , p . 1 1 6 2 ) t o p r o ­
v i d e f o r t h o r e t ir e m e n t o n J u n e 1 1 9 1 6 o f $ 3 3 ,0 0 0 ,0 0 0 5 - y e a r 5 % s e c u r e d
g o l d n o t e s d a t e d 1 9 1 4 a n d f o r o t h e r f in a n c ia l r o q u i r o m o n t s .
T h o p r i v il e g e
o f p u r c h a s in g t h e s e n o w b o n d s a t 9 7 1 4 a n d I n t . w a s u n d e r w r it t e n b y a
s y n d ic a te ) a n d o ffe r e d to h o ld e r s o f c o m m o n s t o c k o f r e c o rd A p ril 3 1 9 1 6 .
T h e b o n d s a re c o n v e r t ib le a t o p t io n o f h o ld e r a t fa c e v a lu e in t o c o m m o n
s t o c k ( a ) a t $ 7 5 p e r s h a r e u p t o a n d i n c lu d in g A p r i l 1 1 9 2 0 , ( b) t h e r e a f t e r
a t $ 8 0 p e r s h a r e u p t o a n d in c l, A p r i l 1 1 9 2 3 , ( c ) t h e n a t $ 9 0 p e r s h a r e u p t o
a n d I n c l. A p r il 1 1 9 2 6 , a n d (d ) a t $ 1 0 0 p e r s h a r e u p t o a n d in c l. A p r i l 1 9 3 6 ,
w it h a d j u s t m e n t o f d i v i d e n d s a n d i n t e r e s t .
T h e e n t ir e i s s u e , b u t n o t a
p a r t t h e r e o f , Is t o b e r e d e e m a b l e a t o p t i o n o f c o m p a n y o n a n y i n t e r e s t
d a t e u p t o a n d i n c lu d in g A p r i l 1 1 9 2 9 a t 1 0 5 % a n d I n t e r e s t , a n d t h e r e ­
a f t e r a t 1 0 0 % a n d i n t . , u p o n 6 0 d a y s ’ n o t i c e ; in c a s e o f r e d e m p t io n d u r i n g
t h e c o n v e r s io n p e r i o d t h o p r i v il e g e o f c o n v e r s i o n s h a ll t e r m i n a t e 3 0 d a y s
p r i o r t o t h o r e d e m p t io n d a t e .
T h o b o n d s a r o s o c u r e d b y d e p o s i t w it h t h e
t r u s t e e o f $ 4 5 ,9 2 0 ,0 0 0 F ir s t L ie n & I m p t . M t g e . 5 % b o n d s , a b o v e d e s c r i b e d ,
A p r o p o r t i o n a t e a m o u n t o f t h e s e c u r i t y m a y b e w it h d r a w n a s b o n d s a r e
c o n v e r t ib le in to s t o c k .
V . 103, p . 60.
Louisville & Jeffersonville Bridge.— S e e s e p a r a t e s t a t e m e n t f o r t h a t c o .

Greenbrier Ry. 4 s V . 7 2 . p . 6 2 6 ; s e e a ls o V . 7 1 . p . 5 5 4 . 6 0 2 ; V . 7 9 , p . 9 1 6 .
Big Sandy 4 s o f 1 9 0 4 , V . 7 9 , p . 9 1 7 ; V . 8 2 , p . 2 9 7 ; V . 8 7 , p . 2 2 5 . 4 1 4 ­
1418.

G u a ra n ty , V . 8 1 , p . 668.

Coal River 4 s , V . 8 0 . p . 2 2 1 9 ; V . 8 3 , p . 6 9 3 ; V . 8 9 . p . 7 2 0 ; V . 9 8 , p . 4 5 2 .
Paint Creek Br. 4 s $ 2 1 1 ,0 0 0 r e s e r v e d t o r e x t e n s i o n s . V . 8 1 . p . 9 7 4 , 9 1 0
R a le ig h A Southwestern 4 s , V . 8 4 , p . 1 1 1 4 : V . 8 9 . p . 7 2 0 .
Series. Date.

Car Trust, Gold (Denomination $ 1 ,0 0 0 Each).
Outstanding.
Mature in Installments.

N
O
•P
R
S.
C.
A.
L.

1 9 1 4 4 ) 4 % ______________ $ 1 ,2 7 5 , 0 0 0 J u n o '1 7 -J u n e 1 5 ’ 2 4
$ 8 5 ,0 0 0 s . a .
1 9 1 6 4 ) 4 % c a ll 1 0 2 ) 4 - 2 , 8 4 4 ,0 0 0 J u l y 1 5 '1 7 -J a n . 15 '2 6 1 5 8 ,0 0 0 s . a .
1916 4 ) 4 % _ 2 ,5 0 0 ,0 0 0
J u n o ’ 1 7 - D e c .’26
1 2 5 ,0 0 0 s . a .
1917 4 ) 4 % c a ll 1 02 . . . 3 ,7 8 0 ,0 0 0 N o v . ' 1 7 - M a y ’27
1 8 9 .0 0 0 s .a .
S . C . C o . 1 9 1 3 . ............ 1 ,5 4 5 .4 7 3
T o M a r . 15 1 9 1 9
..........................
L . & C . W ork s 1 9 1 4 -9 7 ,4 8 4
T o A p ril 191 8
.................... ..
L . C o . 1 9 1 4 - ..............
1 6 7 ,3 5 0
M a rch 1918
.........................
A C . W o r k s ......................
4 2 0 ,0 0 0
J u n o 1920
3 0 ,0 0 0
I n t o r o s t p a i d s e m i- a n n u a l ly a s i n d i c a t e d b y m a t u r i t y d a t e ; “ N , " “ O , ”
" P ” a n d " I t ” a t C o m m e r c ia l T r u s t C o . , P h il a d e l p h i a .

F I N A N C E S . — T h e $ 4 0 ,1 8 0 ,0 0 0 c o n v e r t i b l e 3 0 - y e a r 5 s o f f e r e d t o s h a r e ­
h o ld e r s in M a r c h 1 9 1 6 a f t o r h a v i n g b o o n u n d e r w r it t e n b y a s y n d i c a t e
h ea d ed b y K u h n , L o e b & C o . a n d N a t . C it y C o . o r N . Y . . p r o v id e d fo r th o
r e t ir e m e n t o n J u n e 1 1 9 1 6 o f t h o $ 3 3 ,0 0 0 ,0 0 0 5 % s e c u r e d n o t o s o f 1 9 1 4
a n d f o r o t h e r f in a n c ia l p u r p o s e s ; s e e a b o v e a n d V . 1 0 2 , p . 1 1 6 4 .
T h o c o m p a n y In M a r c h 1 9 1 6 d e c i d e d (s e o V . 1 0 2 , p . 1 1 6 2 , 1 8 1 0 ) t h a t It
w o u ld a p p r o p r i a t e o u t o f Its n e t i n c o m e d u r i n g t h e t h r e e y e a r s b e g i n n i n g
M a y 1 1 9 1 6 a n a g g r e g a t e s u m o f n o t le s s t h a n $ 7 , 5 0 0 , 0 0 0 f o r a d d it i o n s a n d
b e t t e r m e n t s a n d f o r c a p i t a l e x p e n d it u r e s o r r e d u c t i o n o f c a p i t a l l ia b il i t i e s .
I n c lu d in g d u r i n g t h o t h r e e y e a r s m e n t io n e d e q u i p m e n t o b l i g a t i o n s a l r e a d y
I n c u r r e d a g g r e g a t i n g a b o u t $ 5 ,0 0 0 , 0 0 0 .
E A R N I N G S . — 4 m o s . , f l 9 l 7 .............. G r o s s , $ 1 6 ,7 9 8 ,4 4 7 ;
J a n . 1 t o A p ril 3 0 .
\ 1 9 1 6 ..............G r o s s ,
1 6 ,1 3 7 ,1 3 1 ;

n e t , $ 4 ,6 0 3 , 8 6 8
n o t , 4 ,3 8 5 ,6 6 8

A N N U A L R E P O R T .— F is c a l y e a r n o w o n d s D e c . 3 1 .
R o p o r t fo r c a l.
year 1916, V . 104, p . 212 9, 2110.
------ Years end. Dec. 3 1 --------------- Years end. June 3 0 —
1916.
1915.
1915.
1914.
A v e r a g o m ile s o p e r a t e d .
2 ,3 7 9
2 ,3 7 3
2 ,3 6 9
2 ,3 4 6
P a s s e n g e r e a r n i n g s ................$ 6 , 4 3 5 , 0 2 5
$ 5 ,7 1 3 ,4 6 3 $ 5 , 6 9 6 , 0 8 8 $ 6 ,0 9 8 ,0 5 9
F r e i g h t ......... ......................
3 9 ,8 8 8 .9 3 3
3 5 ,1 9 8 , 3 5 8 3 1 , 2 8 8 , 5 3 7 2 8 , 8 6 6 , 5 1 6
E x p r e s s , m a l l, & c ................
3 ,5 1 0 ,3 5 4
2 ,6 6 9 , 0 2 0
2 ,4 7 9 , 4 1 2
2 ,4 9 5 ,2 8 9
T o t a l e a r n i n g s ................ $ 4 9 ,8 3 4 ,3 1 2
O p e r a t in g e x p e n s e s _____ 3 2 , 6 9 8 , 6 7 6

$ 4 3 ,5 8 0 ,8 4 1 $ 3 9 ,4 6 4 ,0 3 7 $ 3 7 ,4 5 9 ,8 6 4
2 8 ,9 9 8 , 6 2 6
2 7 ,5 5 6 .4 1 4 2 6 . 4 1 3 , 8 9 8

N e t e a r n i n g s ..................... $ 1 7 ,1 3 5 ,6 3 6
O t h e r I n c o m e ( n o t ) _____
5 5 0 ,6 8 3

$ 1 4 ,5 8 2 ,2 1 5 $ 1 1 ,9 0 7 ,6 2 3 $ 1 1 ,0 4 5 ,9 6 6
9 ,5 8 6
2 0 3 ,4 5 3
1 ,1 9 1 ,4 3 3

T o t a l i n c o m e ..................... $ 1 7 ,6 8 6 ,3 1 9

$ 1 4 ,5 9 1 ,8 0 1 $ 1 2 ,1 1 1 ,0 7 6 $ 1 2 ,2 3 7 ,3 9 9

B enton'H arbor

M A P OF THE

m m ^z

C H E SA PE A K E

[Jchlgair-^^L
>^ p ^ V ^ 'E l i T h a r t
1

R A I L W A Y

ile v e la o d

L IN E S

Delians

K w *-~ Z u ;iy ra a u £ t

& O H IO
v XMhauch
unk

indicates dousle track

/V K abkak ee
<l\sJ Anne?

C h ip ig o J c N
XARPfi

f^><^T>eci
V T a b a ^ 'f/

NiARJJ

<T RENT 01

nolU dajF /urR

.Hartford"

M t.T"^n0A

"rankfort t'

■oIelaw^

e

X v^ 5 a .

X
An
W estfield

Bridgep

.LosantTlUj

y5ainbridgo

l4 n e s v ille /r —
X *

iencastlo

°N

/ LANCAISTER

<^o\
Colum bus

^

S o c r jx ^ i

jTStaw n

c° r(

Iharlixtow n.

ChilflCQtheRi

V------ - o V s ‘ wT7|l

/

Clarksburg

WAVERL y-fc?

'Sardinia
^Mitchell

sjllaire \
Mounds V.

-------- *v &
W a s h in g to n
lr-4

Grceusburg^y
X ^ D a r r ls o n -

f

^ w h e e lin g

c R O ^ l^ S

£^\CifclevUlrtf

'ashington

lutler.

icwood

J X ^ a a s fle li
n u rftin g to n

jellnsT
Kokomo

.Ufsffice

x ' V s h e l b y ^ '' " '

UPPEByJS__s
S^NfiOsi

| JACK SON l
|GALL\POl IS'

5

2j

A e x im

Weston
•t AS ANTS

JJuckh;

ja

W INTER BURN.
•5l§ od .
iceton"

jyansvfllA .. o.

CecVlfia^

«R0SNE1

lJ
ipKis Jc.
tusseiiiiUtN

*0

bircmfielo*

d?'
k ^ P oca h ooia r^ ^ J

Iivingston>
,,
Condom

f
«■
<*fAVc
tv*"

lC brbln

;& s r

.Burkeviiu?

SaltyiUo
(Clarksville

_AdaTrsViT]<

ScottarJlie

P ineryle?

;:Stuart

,Jellico

dontro;

B ristol

O x fo r d

G allatin
JJgbblHS

[gneeboro

D urham ?
iteSTllle

Sparta^




M a ir r iiie

D ech erc

Asheville'

I SfaarpBDtlrgy
[uEIGH

~Z

J amcsvillc1
P a m lico

S m lth fle ld

L in c o ln ton

fol lsboroj

«tSv> *

.C harlotte
CIevelan<

Carey*

Salisbury
-—

Ilabom a

E d en toi

H end^'

JLeban'oiJ
■ ^ ^ J A S H V iU E .

G ^ a m B ia

EW AR

V^ K aston,

Eayettevillo*

[Vo l . 104

RAILWAY STOCKS AND BONDS

30

Miles Date
Road Bonds

RAILROAD CO M PAN IES
[For abbreviations. &c., see notes on first page]

C h e s . & O h i o — ( Cornel.)
F ir s t L i e n A I m p t m t g e $ 1 2 5 ,0 0 0 ,0 0 0 a u t h o r i z e d - . x
C a r a n d e q u i p m e n t t r u s t s ( s e e t e x t ) ----------------------------Guaranteed bonds—
E l e v C o l s t M g ( C A O o w n s $ 2 0 8 ,0 0 0 ) g u p & I . C e . z c *
2 d M I n c n - c ( C & O o w n s $ 4 0 2 ,5 0 0 ) n o t g u a r . z c *
C h e s & O h io N o r R y — S e e s t a t e m e n t b e lo w
L o u is A J e ff B d g 1 st M $ 5 , 0 0 0 , 0 0 0 g u p A 1 e n d - . o *
N o r f o l k T e r & T r a n s 1 s t M ( V 6 7 , p 3 2 2 ) g u p A l.x
W e s te rn P o c a h o n t a s C orp 1st M (V 8 4 , p 9 9 5 ) — x
do
do
do
E x te n sio n N o l . x
do
do
do
E x te n sio n N o 2 . x
R l c h m o n d - W a s h l n g t o n C o ( o n e - s i x t h I n t e r e s t ) ------C h e s & O h i o N o r — 1st M (c lo s e d ) re d 105 g u p & I . .
C t a e s & O R y o f I n d — 1 s t M $ 3 0 ,0 0 0 ,0 0 0 r e d p a r . - . B a x
C h e s t e r f ie ld & L a n c a s t e r — 1 s t M $ 7 5 0 ,0 0 0 g - . C o l . x o *
C h e s t n u t H ill R R — S t o c k r e n t a l P A R R y -------------------C h ic a g o & A l t o n R R — C o m m o n s t o c k ....................................
P r e f e r r e d s t o c k 4 % n o n - o u m u l a t l v e ------------------ ---------4 % c u m u l a t i v e p a r t i c i p a t i n g a n d p r i o r lie n s t o o k . .
C h lo A A l t o n R R ( o ld ) r e f M g (s e e t e x t ) I C . x o 'A r "
F ir s t Hen ( o ld R y ) M s u b j e c t t o c a ll a t p o r . F . x o A r
D e b e n t u r e s , s u b j e o t t o c a l l _____________ C e x f E q u a l ly
G e n M $ 2 6 ,0 6 6 ,0 0 0 g r e d t e x t . O s m x o * & r * \ s e c u r e d
C & A E q T ru st
$ 8 2 ,0 0 0 S e r E d u e s - a -------------B a x
do
T ru st
S e r F d u e 1 3 M o r 1 2 M s - a _______ x
do
S e r G g u r e d 1 0 1 d u e $ 7 2 ,0 0 0 a n . P e P . x o *
K a n s a s C i t y S t L o u is A C p r e f e r r e d s t e o k g u a r ------J o lie t A C h lo a g o 7 % s t o c k p e r p e t u a l g u a r b y C A A
L o u is ia n a A M is s o u r i g u a r a n t e e d p r e f e r r e d a t o o k . .
R u t l a n d T o l A N o 1 s t M g g u r e d s l n c e O c t '1 5 - N C c *
a G u a r a n t e e d J o in t ly a n d s e v e r a l ly w it h C le v e la n d

— Years ending Dec. 3 1 ( Concluded) —
1916.
I n t e r e s t o n d e b t _________ $ 8 ,3 8 2 ,8 3 3
T a x e s ______________________
1 ,6 3 6 ,6 0 4
D i v i d e n d s .............. .......... (2 % ) 1 ,2 5 5 ,6 3 2

1915,
$ 8 ,0 5 4 ,0 9 5
1 ,4 4 5 ,6 8 5

Par
Value

...

3 0 .4
262
38
4

889
943

162
37
101
27

1888
1888

$ 1 ,0 0 0
1 ,0 0 0

$ 8 2 0 ,0 0 0
4 5 0 .5 0 0

1895
1898
1905
1906
1906
1903
1915
1910
1905

1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 .0 0 0 A c
1 ,0 0 0 & c
1 ,0 0 0
1 ,0 0 0
50
100
100
100
1 ,0 0 0 A c
1 ,0 0 0 A c

a 4 . 5 0 0 ,0 0 0
5 0 0 .0 0 0
7 5 0 .0 0 0
8 3 .0 0 0
5 1 ,0 0 0
1 0 ,0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
6 ,8 6 9 ,0 0 0
1 8 6 .0 0 0
1 9 5 ,6 5 0
1 9 ,5 4 2 ,8 0 0
1 9 ,5 4 4 ,0 0 0
8 6 8 ,7 0 0
4 5 ,3 5 0 .0 0 0
2 2 , 0 0 0 .0 0 0
8 8 9 ,0 0 0
1 6 ,8 3 4 ,0 0 0
2 4 6 ,0 0 0
5 0 ,0 0 0
2 9 0 .0 0 0
1 ,7 5 0 ,0 0 0
1 ,5 0 0 ,0 0 0
3 2 9 ,0 0 0
2 2 5 ,0 0 0

1899
1900
1 90 7
1912
1908
1909
1910

1910

C in e In n a t l

1 ,0 0 0 A c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
100
100
100 A c

— Years ending June 3 0 —
1915.
1914.
$ 8 ,0 9 8 ,0 4 2
$ 7 ,9 3 4 ,6 4 8
1 , 3 4 9 ,4 9 7
1 ,3 3 0 ,9 3 5
( 1 ) 6 2 7 , 8 1 6 ( 4 ) 2 ,5 1 1 .2 6 4

C H E S T N U T H I L L R R . — O w n s f r o m G e r m a n t o w n t o C h e s t n u t H ill, P a . ,
4 m .; b e in g d o u b l e - t r a c k e d M a y 1 9 0 2 .
R e - l e a s e d In 1 8 9 6 t o P h il a . A R e a d ,
R y . , t h e r e n t a l b e i n g r e d u c e d fr o m 1 2 % t o 6 % o n s t o c k , t h e la t t e r b e in g In­
c r e a s e d In J u n e 1 9 0 2 f r o m $ 1 2 0 ,6 5 0 t o $ 1 9 5 ,6 5 0 .— ( V . 7 5 , p . 7 6 .)
C H I C A G O & A L T O N R R . — {See Map Toledo St. Louis <fe Western.)—
R O A D . — C h ic a g o t o S t . L o u is , K a n s a s C i t y , A c . , In a ll 9 9 8 m ile s .

Road owned—

Miles.

C h ic a g o t o E a s t S t . L o u is , 111_____ 2 8 0 M e x i c o , M o ., t o C e d a r C i t y , M o . . 5 0
S h e r m a n , 111., t o G r o v e , 111_________ 51 R o o d h o u s e , 111., t o K a n . C .. M o . .2 5 1
B a r n e t t t o T i t u s ______ _______________ 5 6 B l o o m i n g t o n t o W a n n , v ia J a c k ­
s o n v i ll e , G o d fr e y a n d U p p e r
C o a l C it y L in e , 111....................................2 7
A l t o n (a ll In I l l i n o i s ) ____________ 158
D w i g h t , 111., t o W a s h i n g t o n a n d
A c ........ 3 7
L a c o n , 111___________________________81 Trackage t o P e o r ia , 111.,
l i e s t o M u r r a y v l ll e , 111_______________ 3 4 L e a s e s R u t l a n d T o l u c a A N o r t h . 2 7
T o t a l o w n e d a n d o p e r a t e d J u l y l 1 9 1 6 (1 9 7 m . d o u b l e t r a c k e d ) _____1 ,0 5 3
A l s o o p e r a t e s . J o in t ly w it h C l e v . C ln . C h . & S t . L , , f r o m W a n n t o E a s t
S t . L o u is , 18 m . , a n d , w it h A t o h . T . A S . F e , f r o m J o l ie t t o P e q u o t , 2 0 m .
T h e s t o c k o f t h e P e o r i a R y . T e r m i n a l C o . Is o w n e d b y t h e C h ic a g o * A l t o n
a n d C h lo . R . I . & P a o . R y . . w h lo h g u a r a n t e e t h e first m t g e . b o n d s ( $ 1 , 5 0 0 , ­
0 0 0 a u t h . Issu e ) a n d 1 s t & r e f . M . b o n d s .
V . 8 1 . p . 1099: V . 8 3 , p .7 5 2 .
117 1, 1291; V . 8 4 , p . 4 5 1 ; V . 8 5 . p . 159.
C h . R . I . & P a c . r e c e iv e r s h a v e
d i s c o n t in u e d p a y m e n t o f t h a t c o m p a n y ’ s s h a r o o f t h o g u a r a n t y .
T h e R u t l a n d T o l u c a A N o r t h e r n R R . Is le a s e d f o r 9 9 9 y e a r s a n d Its b o n d s
g u a r a n t e e d p r ln . a n d l n t .
V . 91, p . 1024; V . 93, p . 408.
O R G A N I Z A T I O N . — T h o (o ld ) railway c o m p a n y w a s o r g a n i z e d in A p r i l
1 9 0 0 a n d p u r o h a s e d s u b s t a n t i a l ly a ll t h e s t o o k o f t h e C h lo . A A l t o n R a il r o a d .
T h e t w o w e re c o n s o l i d a t e d In 1 9 0 6 p e r p la n V . 8 2 . p . 4 5 1 , t h e R a il w a y
c h a n g i n g Its n a m e t o t h e C . A A . Railroad.
V . 8 2 , p . 160; V . 7 0. p . 686 . 995.
S T O C K . — T h e c u m u l a t i v e 4 % p a r t i c i p a t i n g a n d p r i o r lie n s t o c k Is e n t i ­
t l e d . In a d d it i o n t o p r io r r ig h t t o a c c u m u l a t i v e d i v i d e n d s a t t h e r a t e o f 4 %
p e r a n n u m , t o r e c e iv e a d d it i o n a l d i v i d e n d s e q u a l t o t h e r a t e o f d i v i d e n d s
d e o la r e d o n t h e c o m m o n s t o o k o f t h e c o n s o l i d a t e d c o m p a n y .
In A u g . 1907
t h e T o l e d o S t . L o u is A W e s t e r n p u r o h a s e d f r o m t h e R o c k I s la n d t h e c o n ­
t r o llin g in t e r e s t , v i z . . $ 1 4 ,4 2 0 ,0 0 0 c o m . a n d $ 6 , 4 8 0 , 0 0 0 p r e f . s t o c k , a n d
d e p o s i t e d t h e s a m e u n d e r Its c o ll a t e r a l t r u s t b o n d s , o n w h ic h I n t e r e s t w a s
d e f a u l t e d A u g . 1 1 9 1 4 . V . 8 8 . p . 4 6 8 . 5 2 9 ,7 9 2 ; V . 9 9 . p . 3 4 1 . 4 0 8 . 1 0 5 1 . 1 2 1 6
U n io n P a c . o w n e d o n J u n e 3 0 1 9 1 6 $ 1 0 ,3 4 3 ,1 0 0 p t e i . s t k . V . 8-1. p . 1 4 8 4 ;
V . 95 p. 361.
D I V I D E N D S .—
’ 0 6 . ’ 0 7 . '0 8 . ’ 0 9 . T O . ’ l l . T 2 .
Since,
N one
C o m m o n s t o c k ___________________
1
2
N one
4
P r e f e r r e d s t o c k ----------------------------- 2
4
2
N one
4
4
4
N one
P r io r lie n p a r t i c i p a t i n g p r e f ___ 2
N one
4
5
8
6
4
2
B O N D S . — F ir s t Hen ( o ld R y . ) 3 K s o f 1 9 0 0 , V . 7 1 . p . 1 0 2 1 : V . 8 2 . p . 4 5 1 .
T h e Railroad ( o ld ) m t g e . s e c u r in g t h o 3 s o f 1 8 9 9 w ill p r o v i d e fu n d s f o r Im ­
p r o v e m e n ts a n d e x te n s io n s .
B o n d s in e x c e s s o f $ 4 0 ,0 0 0 ,0 0 0 w e re t o b e
I s s u a b le t h e r e u n d e r o n v o t e o f t w o - t h i r d s o f s t o c k h o l d e r s fo r e x t e n s i o n s < f
n o t o v e r 5 0 0 m ile s m a in t r a o k , a t n o t e x c e e d i n g $ 2 0 ,0 0 0 p e r m ile , t o f u n d
le a s e d lin e r e n t a l o b l ig a t io n s a n d f o r f u t u r e b e t t e r m e n t s n o t t o e x c e e d
$ 5 ,0 0 0 ,0 0 0 . a t n o t o v e r $ 1 ,0 0 0 ,0 0 0 p e r a n n u m , fro m J a n . 1 1 9 0 0 .
V . 69,
p . 178.
V . 6 9 , p . 2 6 . 1 2 9 . 5-11: V . 7 0 . p . 4 2 9 , 7 3 9 , 9 9 5 ; V . 7 9 . p . 2 1 1 , 9 6 7 ;
V . 84 , p . 480 . 507, 626. 803, 809; V . 88 . p . 99. 293.
O f t h e Issu e o f $ 2 0 ,0 0 0 ,0 0 0 o f 6 % G e n . M . g o l d b o n d s , $ 1 8 ,8 3 4 ,0 0 0 w e re
o u t s t a n d i n g J u n e 3 0 1 9 1 6 . $ 8 , 4 1 7 , 0 0 0 b e i n g o w n e d b y t h e U n io n P a c i f ic
R a ilr o a d .
O f t h e b o n d s , $ 4 , 1 0 0 , 0 0 0 w e r o r o s e r v e d t o r o t ir e $ 3 .7 6 6 ,5 0 0
e q u i p , t r u s t o b l i g a t i o n s a n d $ 1 , 4 2 5 , 0 0 0 t o r e fu n d $ 1 , 2 8 4 , 0 0 0 d e b e n t u r e s
d u e J u n e 1 1922.
B o n d s a r o r e d e e m a b le o n a n y I n t e r e s t d a y a t 1 0 5 .
V . 9 4 . o . 1 56 5, 1695: V . 9 5 . p . 7 4 9 ; V . 9 6 . p . 7 8 9 : V . 9 8 . p . 8 3 8 . 131 5.
F is c a l y e a r n o w e n d s D e c . 3 1 , b u t t h o c o m p a n y d o e s n o t i n t e n d t o is su e
a r e p o r t f o r y e a r e n d in g D e c . 31 1 9 1 6 .




%

When
Payable

4 g
4

D ec. 11930
A

A
O O ot
O ot
O ot 1

M
F
F
F
A

s

A
A
A
A
A
A
A
A
O
J A I)
&
A
()
J
A
J
F
A
A
3— M
F
A
A
J
A
J
J
A
J
A
A
O
3 g
<5o J
3H g J
A
J
D
5
J
A
.1
6 g
N
4 H g M A
F
A
A
4 H
A
5 g
A
()
6
Q— F
7
Q— J
F
A
A
7
A
A
O
4 g
4 g
5
4K
4K
4K
4 g
5 g
5
5 g
6

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

O f f i c o 71 B ’ w a y , N Y
uo
do

1 1938
1 1988

M ch 1 1945
F eb l 1948
A u g l 1945
A u g 1 1945
O ot 1 1946
J u n e 1 1943
O ct 1 1945
J u ly l 1930
A u g 1 1955
J u n o 4 1917, I K
F e b 15 T O , 2 %
J a n 16 1 9 1 1 ,2 %
J a n 15 ’ 1 2 , 2 %
O ot 1 1949
J u ly l 1950
J u n e 1 1922
J u ly 1 1932
N o v ’ 1 7 -N o v T 8
A u g ’ 1 7 - F e b 19
T o O ot 1 1920
A u g 1 1917
J u ly 2 1917 1 H
A u g 1 1917
O c t 1 1930

J P M organ & C o , N Y
O ff ic o 71 B r o a d w a y , N Y
do
do
do
do
do
do
N ew Y ork T ru st C o, N Y
O ff ic e , 71 B ’ w a y . N Y
O f f ic e , 7 1 B ’ w a y , N Y
~ ' tn b la T r u s t C o . N Y
s u r e r ’ s o f f i c e , P h il a
ks m a ile d
do
do
F ir s t N a t io n a l B a n k . N Y
do
do
all S t r e e t , N e w Y o r k
do
do
B a n k ers T ru st C o , N Y
do
do
P e n n C o fo r I n s , A o .P h ila
C h e c k s m a i le d
do
do
do
do
N o r t h e r n T r C o , C h lo a g o

C h l o a g o A S t L o u is .

C H E S A P E A K E W E S T E R N R Y . — S e e is s u e o f F e b . 1 9 1 6 .
C H E S T E R F I E L D * L A N C A S T E R R R . — O w n s G n e r a w , a . U ., t o P a g e la n d a n d C r o w b u r k , 3 8 m .
B o n d s (li m it e d t o $ 7 5 0 ,0 0 0 ) I s s u a b le a t $ 5 ,0 0 0
p e r m il e .
V . 81. p . 1790.
T h e r e w e re o u t s t a n d i n g D o c . 31 1 9 1 6 $67,1X10
2 d 6 s d u o J a n . 15 1 9 1 8 .
S t o c k , $ 5 0 0 ,0 0 0 . a m a l o r l t y b e lu g a c o u l r e d In
J u n e l9 0 9 b y t h o S e a b o a r d A ir L in e R y .,p a r ,$ 2 5 .
F o r y e a r e n d in g D e c . 31
1 9 1 6 , g r o s s , $ 5 0 ,9 1 4 ; n e t , $ 7 , 1 4 8 ; c h a r g e s , $ 1 9 ,0 4 0 ; b a l . , d e l '. , $ 1 1 ,8 9 2 .
P r e s ., W . J . H a r a h a n ; T r e a s ., R . L . N u t t .— ( V . 8 9 , p . 4 0 .)

Miles.

Rate

6

1911

$ 5 , 0 9 2 ,0 2 1
$ 2 ,0 3 5 , 7 2 0
$ 4 6 0 ,5 5 2
B a la n c e , s u r p l u s ______ $ 6 ,4 1 1 , 2 5 0
O F F I C E R S .— C h a ir m a n , F r a n k T r u m b u ll; P r e s ., G e o r g e W . S te v e n s ,
R i c h m o n d , V a .: V . - P . , D e c a t u r A x t e l l ; V . - P . a n d G e n . C o u n s e l. I I . T .
W i c k h a m ; V i c e - P r e s id e n t in c h a r g e o f t r a f f i c , F . M . W h i t a k e r ; S e c . , C a r l
R e m i n g t o n ; T r e a s . , J a s . S t e u a r t M a c K i e ; C o m p . . L . F . S u lliv a n
D I R E C T O R S . — F r a n k T r u m b u l l , C h a ir m a n ; T . P . S h o u t s , H . E . H u n ­
t in g t o n , C . E . G r a h a m , D e c a t u r A x t e l l , G e o r g o W . S t e v e n s , F . I I . R a w s o n ,
F . I I . D a v is ; J a s . H . D o o le y .N .
Y . o f f i c e . 7 1 1 3 'w a y .— ( V . 1 0 4 . p . 2 1 1 0 .)
C H E S A P E A K E & O H I O N O R T H E R N R Y . — I s b u i l d in g 3 0 . 4 m ile s o f
r a i lr o a d f r o m E d g i n g t o n , K e n t u c k y , o n C . & O . R y . , w it h b r i d g e , & c . ,
a c r o s s t h o O h i o R l v o r t o a c o n n e c t i o n w it h t h e N o r f o l k & W e s t e r n R y . C o .
a t W a v e r l y . O h io .
T h o b r i d g e is n o w u n d e r c o n s t r u c t i o n a n d w ill h a v e a
t o t a l le n g t h o f 3 . 4 3 5 f t .
T h e C h e s a p e a k e & O h io R y . C o . a g r e e d t o a c q u i r e
fo r c a s h a t p a r $ 3 ,0 0 0 ,0 0 0 o f th o c a p it a l s t o c k a n d s u c h a d d it io n a l s t o c k as
m a y b o n e c e s s a r y t o c o m p l o t o t h e b r i d g e a c r o s s t h o O h io R i v e r a n d c o n ­
s t r u c t t h e r o a d t o W a v e r l y . t h o t o t a l e s t im a t e d c o s t o f w h ic h is $ 4 , 5 0 0 . ' 0 3 .
T h e $ 1 , 0 0 0 , 0 0 0 b o n d s ( V . 1 0 1 , p . 1 8 8 4 ) a r o g u a r . , p . & i ., b y t h o C . & O .
w h ic h s e e a b o v o .
T o t a l s t o c k a u t h ., $ 3 ,5 0 0 ,0 0 0 , o f w h ic h $ 2 ,5 3 2 ,9 0 0 o n
J a n . 1 1 9 1 7 w a s o w n e d b y C . & O . R y . a n d p l e d g e d u n d e r Its F i r s t L i e n &
I m p t . M t g e . — ( V . 1 0 1 , p . 1 8 8 4 .)
C H E S A P E A K E & O H I O R Y . O F I N D I A N A . — O w n s C i n c i n n a t i . O h io , t o
I n d l a n a - I ll l n o l s S t a t e l in e , 2 6 0 .7 m ile s ; tr a c k a ir e r ig h t s , 2 3 . 7 i n .; t o t a l o p e r . ,
2 8 4 .4 m il e s .
S e e C . & O . R y . a b o v e . — ( V . 9 9 , p . 4 7 ; V . 1 0 1 , p . 1 8 8 5 .)

Road owned—

Amount
Outstanding

R E S U L T S . — 4 m o s . ,1 1 9 1 7 ...................G r o s s ,
Jan . 1 to A p r. 30.
\ 1 9 1 6 ...................G r o s s ,

$ 6 ,1 8 2 ,3 5 5 ;
5 ,3 3 1 , 3 5 3 ;

n et,
n et,

$ 1 ,4 8 3 ,7 5 1
1 ,2 7 9 ,4 5 2

R E P O R T . — F o r y e a r e n d i n g J u n e 3 0 1 9 1 6 w a s In V . 1 0 3 . p . 1 5 0 3 .
1 9 1 5 -1 6 .
1 9 1 4 -1 5 .
1 9 1 3 -1 4 .
G r o s s e a r n in g s .......................................$ 1 6 ,3 2 5 ,2 8 8
$ 1 4 ,2 4 5 ,6 2 4 $ 1 4 ,1 5 9 ,4 7 9
O p e r a t in g e x p e n s e s _______________ 1 1 ,0 0 1 ,7 9 4
1 1 ,0 7 2 ,7 0 7 1 2 ,3 0 7 .7 4 4
N e t e a r n i n g s .............. .....................................$ 4 ,7 2 3 ,4 9 4
N e t i n c o m e ............................................. $ 4 ,9 7 7 ,6 7 6
$ 8 2 8 ,1 2 1
M ire o f e q u i p m e n t , r e n t a l , A c _________
T a x e s . & c . . _ . _ .......................
5 7 6 .3 5 4
I n t e r e s t o n b o n d s , A c ____________
3 ,3 8 4 ,8 0 7
D iv i d e n d s o n g u a r a n t e e d s t o c k s ______
2 5 0 ,0 2 4
D is c o u n t s o n s e c u r it ie s w r i t t e n o f f . . .
1 0 9 ,9 4 8

$ 3 ,1 7 2 ,9 1 7
$ 3 ,2 7 0 ,1 5 4
$ 7 9 9 ,2 9 9 ,
5 1 2 .3 3 3
3 ,2 7 5 ,3 3 8
2 5 0 ,0 2 4
1 2 3 ,3 1 6

$ 1 ,9 5 1 ,7 3 5
$ 2 ,0 4 7 ,0 4 5
$ 7 6 1 ,1 7 9
5 6 8 .9 3 8
3 ,1 1 4 .1 8 9
2 5 0 .0 2 4
1 1 5 ,0 0 6

B a la n c e , d e f i c i t ..............................
$ 1 7 1 ,5 7 8
$ 1 , 6 9 0 ,1 5 6 $ 2 , 7 6 2 ,2 9 0
D I R E C T O R S . — P r e s . , W . O . B i e r d ; C h a ir m a n E x e c u t i v e C o m m i t t e e .
R . S . L o v e t t : S e c . . J a m e s S t e u a r t M a c K i e - J . J . M it c h e l l , J o y M o r t o n ,
YVm . G . B e a le . S a m u e l I n s u lt. R o b e r t s W a l k e r , L o u is C . K r a u t b o f f ,
J u liu s K r u t t s c h n l t t a n d V . D . S k i p w o r t h . — ( V . 1 0 3 , p . 1 4 1 2 , 1 6 0 3 .)
C H I C A G O B U R L I N G T O N A Q U I N C Y R R . — (See M ap.) — R O A D . — O p ­
e r a t e s a g r e a t s y s t e m o f r o a d s e x t e n d i n g f r o m C h lo a g o w e s t e r ly , r e a c h i n g S t .
P a u l a n d M in n e a p o lis , M in n .; S t . L o u is a n d K a n s a s C i t y , M o .; O m a h a , N e b . ;
D e n v e r , C o l .; C h e y e n n e , Y V y o .; B la c k H ills , S . D . , a n d B illin g s , M o n t . T h e
a c c o m p a n y i n g m a p s h o w s c le a r l y t h o s y s t e m , v i z . (In m ile s ) :
L in e s e a s t o f M is s o u r i R i v e r
4 , 4 0 1 1L in e s l e a s e d ----------------------------------353
L in e s w e s t o f M is s o u r i R i v e r
4 , 6 1 4 1T o t a l o p e r . J u n o 3 0 1 9 1 6 ------------9 , 3 6 9
I n D e o . 1 9 0 8 $ 2 3 ,6 5 7 ,5 0 0 o f t h e $ 3 1 ,0 0 0 ,0 0 0 C o l o r a d o A S o u t h e r n c o m .
s t o c k ( p r a c t i c a l ly a c o n t r o ll i n g I n t e r e s t) w a s a o q u lr e d , a f f o r d i n g c o n n e c ­
t io n s w it h t h e G u lt o f M e x i c o .
V . 87. p. 1663: V . 8 8 , p. 157, 685 .
O w n s J o in t ly w it h t h o N a s h v i ll e C h a t t a n o o g a A S t . L o u is t h e P a d u c a h Sc
I llin o is R I t . (w h i c h is b u i l d in g a d o u b l e - t r a c k b r i d g e o v e r t h e O h io R l v o r
a t M e t r o p o l i s , 111., a n d h a s b u ilt f r o m M e t r o p o l i s t o P a d u c a h , K y . , 14 m . )
a n d j o i n t l y g u a r a n t e e s Its b o n d s .
S ee th a t c o m p a n y b o lo w .
T h o B u r l i n g t o n - S o u t h C h i c a g o T e r m i n a l C o . w a s i n c o r p o r a t e d in F e b .
1 9 1 7 w it h $ 1 , 5 0 0 , 0 0 0 s t o c k t o b u i l d a l in o f r o m 1 0 0 t h S t . s o u t h w e s t e r l y t o
t h e c i t y l im i t s .
O R G A N I Z A T I O N , A o . — A c o n s o l i d a t i o n In J u l y 1 8 7 5 ; s in c e m e r g e d
C h ic a g o B u r lin g t o n A N o r t h e r n , K a n s a s C it y S t . J o s e p h A C o u n o U B l u f f s ,
H a n n ib a l A S t . J o s e p h , B u r l i n g t o n & M is s o u r i, A c . , A o .
I n 1 9 0 1 $ 1 0 7 ,6 1 3 ,5 0 0 o f t h e $ 1 1 0 ,8 3 9 ,1 0 0 s t o o k w a s e x c h a n g e d f o r t h e
J oin t 2 0 - y e a r 4 % b o n d s o f t h e G t . N o r t h e r n a n d N o r t h e r n P a o lflo , s e c u r e d
b y t h e d e p o s i t o f t h e s t o o k In t r u s t , o n t h e b a s is o f $ 2 0 0 In b o n d s fo r $ 1 0 0
stock .
See V . 7 2 . p . 871 : V . 7 3 , p . 2 9 3 , an d b o n d s u n d er G re a t N o rth e r n .
D IV S .
1 ’ 9 8 . '9 9 t o S e p t . ’ 0 1 . '0 2 t o J u l y ’ 0 7 . O o t . '0 7 .
’08 to Ju n o T 7
P ercen t/ 5 K
. 6 y e a r ly .
7 y e a r ly .
8
8 y ’ l y (q u a r )
B O N D S . — G e n e r a l m o r t g a g e b o n d s ( $ 3 0 0 ,0 0 0 ,0 0 0 a u t h . is s u e . I n t e r e s t n o t
t o e x c e e d 5 % ) a r c a d r s t lie n o n a b o u t 3 , 3 2 8 m ile s o f r o a d , a n d o n r e t ir e m e n t
o f t h e o u t s t a n d i n g u n d e r l y i n g b o n d s , ( o r w h ic h b o n d s a r o r e s e r v e d a s b e l o w
n o t e d , w ill b e a llr s t lie n o n t h e e n t ir e m ile a g e o w n e d , a g g r e g a t i n g 8 .4 9 1
m ile s .
V . 103, p . 4 93 .
T h o G e n e r a ls h a v e b e e n is s u e d o r a r o i s s u a b lo a a
fo ll o w s (s e o V . 8 6 . p . 1 3 4 2 , 1 4 6 6 ; V . 8 8 , p . 5 0 4 , 6 8 5 ; V . 9 2 . p . 5 2 5 ; V . 9 6 , p .
7 8 9 .)
T o r e t ir e o u t s t a n d i n g b o n d s ( ln c l . $ 1 7 ,4 2 8 ,3 0 0 In s in k . f d s . ) . . $ 1 7 7 ,0 0 0 ,0 0 0
I s s u a b le f o r r e im b u r s in g t h e t r e a s u r y f o r o u t l a y s a l r e a d y m a d e
4 5 , 0 0 0 .0 0 0
b y It f o r b e t t e r m e n t s a n d a d d it i o n s ( $ 2 2 ,0 0 0 ,0 0 0 s o l d ) _____
I s s u a b le fo r a d d it i o n s . I m p r o v e m e n t s a n d b e t t o r m e n t s o f a n d
t o t h e m o r t g a g e d p r o p e r t y ( o f w h lo h $ 1 3 ,7 2 4 ,0 0 0 s o l d ) _____
7 8 .0 0 0 ,0 0 0
I n J a n . 1 9 0 9 $ 2 0 ,0 0 0 ,0 0 0 g e n e r a l 4 s w e ro s o l d , o f w h ic h $ 1 3 ,7 2 4 ,0 0 0 w e r e
u s e d t o p u r c h a s e $ 2 3 ,6 5 7 ,0 0 0 C o l o r a d o & S o u t h e r n c o m m o n s t o c k . In F e b .
1 9 1 1 , S 8 .0 0 0 .0 0 0 . In M a r c h 1 9 1 3 $ 5 , 0 0 0 , 0 0 0 , In 1 9 1 4 $ 5 , 0 0 0 , 0 0 0 .
V . 88,
p . 685 ; V . 9 2 , p . 525 ; V . 9 0 . p . 789 ; V . 9 8 , p . 9 9 9 . 1315.
In J u ly 191 5
a p p li c a t io n w a s m a d e t o Issu e $ 1 5 ,8 5 0 ,0 0 0 g e n . M . 4 s .
V . 101. p . 4 7.
T h e Iowa Division b o n d s a r e a fir s t m t g e . o n t h e m a in lin o In I o w a f r o m
B u r lin g t o n t o E a s t P l a t t s in o u t h , o n t h e M is s o u r i R i v e r , 2 7 0 m ile s , a n d o n
6 2 1 m ile s o f b r a n c h e s a n d 8 6 m ile s o f s e c o n d t r a o k .
T h ese b o n d s h a v e a
• in k in g f u n d o f 1 K % ($ 2 0 3 ,8 0 0 ) y e a r l y , f o r w h lo h t h e 4 s a r e s u b j e c t t o c a l l
a t 1 0 0 a n d t h e 5s a t 1 0 6 .
T h e s t n g lo m a in lin e a n d b r a n c h e s c o v e r e d ’ ’ sh a ll
n o t e x c e e d In t h e a g g r e g a t e 9 0 0 m il e s .” a t $ 1 6 ,0 0 0 p e r m ile ; o n s e c o n d t r a c k
a d d it i o n a l $ 1 4 ,0 0 0 p e r m il o .
V . 65. p . 462.
T h e Nebraska Extension b o n d s o f 1 8 8 7 a r e Is s u e d a t $ 2 0 ,0 0 0 p e r m ile f o r
•Ingle a n d $ 1 0 ,0 0 0 p e r m ile f o r s e c o n d t r a o k o n n o t e x c e e d i n g 1 ,5 0 0 m il e s .
N o w a d i r e c t fir s t l ie n .
A b stra ct o f d e e d . V . 4 5 . p . 441 ; V . 8 5 , p . 7 2 1 .
Burlington A Missouri RR. in Nebraska consol, m t g e . o f 1 8 7 8 Is n o w a
1 s t M . o r l « t c o l l . H on . s u b j e c t t o c a l l Tor s in k . f d . a t p a r . V . 1 0 2 . p . 2 3 4 1 .
E A R N I N G S . — 4 m o s . , / 1 9 1 7 ______G r o s s , $ 3 7 ,6 3 0 ,4 0 1 ;
J a n . 1 t o A p r il 3 0 .
[ 1 9 1 6 ........... G r o s s , 3 3 , 2 1 9 , 9 8 5 ;

n e t , $ 1 3 ,6 5 4 ,4 1 2
n et,
1 2 ,8 3 5 , 2 0 0

A N N U A L R E P O R T . — R e p o r t f o r 1 9 1 5 -1 6 In V . 1 0 3 , p . 1 6 8 2 , 1 7 0 2 . 1 6 3 9 .
Year ending June 3 0 —
1 9 1 5 -1 6 .
1 9 1 4 -1 5 .
1 9 1 3 -1 4 .
A v e r a g e m i l e s _____________________________
9 ,3 6 9
9 ,3 3 9
9 ,1 4 0
F r e ig h t r e v e n u e s __________________________ $ 7 1 ,5 9 2 ,5 7 8 $ 6 2 ,5 0 9 ,4 8 4 $ 6 2 ,7 9 9 ,1 8 8
I’ a s s o n g e r r o v o n u e _______________________ 2 1 , 1 6 8 ,0 5 1 2 0 , 1 8 5 , 6 6 4 2 1 , 7 4 3 , 5 0 7
M a i l a n d m is c e l la n e o u s _________________
9 ,5 9 8 , 2 6 3
8 ,4 3 0 ,0 1 3
9 .1 4 4 , 4 4 6
G r o s s e a r n i n g s ..................................................$ 1 0 2 ,3 5 8 ,8 9 2 $ 9 1 ,1 2 5 ,0 6 1 $ 9 3 ,6 8 7 ,1 4 1
O p e r a t in g i n c o m e a f t e r t a x e s ------------------ $ 3 6 ,1 8 6 ,8 9 3 $ 2 6 ,5 7 8 ,0 2 8 $ 2 6 ,4 4 5 ,6 3 1
O t h e r I n c o m o ______________________________
2 ,3 9 4 ,1 5 2
1 ,2 2 4 ,0 7 0 v. 1 , 2 9 4 ,3 5 8
T o t a l I n c o m o ....................................................$ 3 8 ,5 8 1 ,0 4 5 $ 2 7 ,8 0 2 ,0 9 8 $ 2 7 ,7 3 9 ,9 8 9
I n t e r e s t , s i n k i n g f u n d , A c ............................$ 1 0 ,5 5 2 ,4 5 4 $ 1 0 ,5 1 3 ,1 8 6 $ 1 0 ,6 2 5 ,5 8 2
M is c e ll. a p p r o p r ia tio n s fr o m i n c o m o .
6 ,0 0 0 ,0 0 0
________
________
F u n d fo r a c c r u o d ta x e s n o t y o t d u o . .
2 ,4 0 0 ,0 0 0
----------------------B e t t o r m e n t s ________________________________
4 ,4 3 1 ,3 6 0
3 ,3 4 0 .6 6 9
5 ,7 1 5 , 8 7 6
D iv i d e n d s o n s t o c k ( 8 % ) ..............................
8 ,8 6 7 .1 2 8
8 ,8 6 7 ,1 2 8
8 .8 6 7 , 1 2 8
B a la n c e , s u r p l u s _______________

$ 6 ,3 3 0 , 1 0 3

$ 5 ,0 8 1 , 1 1 5

$ 2 , 5 3 1 ,4 0 4 '

bCando

CO

Rainy Lake

\
Towner
Leec
mIuovV
ChurchV Eel

GREAT

iLakotnl
Larimorct

Brldger

J^Ft. Benton
frcat Tails

Bemidjl

JVrmington

Fntonagoi

Sentin]
Buttl

JtoTgan

"Y

NORTHERN

PACIE1C
La Voure'

'Miles]City

RAILW AY STOCKS AND BONDS

Bayfield.

Melstono

Judith Gapy
djouldei
valley

Grand Marais
rlnia
AiAllen Jc.

Walker)
Lcwistown

Neihart$j

Dewey

JEdgeley*Y"

,)r

Harlow®"

LEY
Hardin^

Jvingstou

J

'Silesia

FROMBCRCi

kwade /
Bed Lodge <f
^Warren
Coalville'
MJardljajy
FRAN
N
IC;
YELLOW’
/owley
Muntua^
[R ation a Lj Rulstou/w
COJDYj^
’ jlPARK-c
Kanei
vllloicstone

’owderviiu

|Crow Ajcncy

&Ionla
I
QLodge Grass
1WyolayX
PAbeydeen
SHERIDAN

AsTHey
Eurekai
Nashy)

Wolsey“

Moorcrbft]
iRcchford
IHilllCity
KEYSTOVS

Worland

'Bensoir

Turtle\Lake

Custer J

Falls
>Peter,
1— ^

Howarc
.Salem.

M it c h e lltjs ^

^HOJ SPRS/

Marshal
•Jkton

iHuron

leville

labash;

Montpelier
Bordeaux]
Logan

^ ^ S

Willard

Green River

Bitter Cree*

Evanston

AfcswortiT

Mainland*
•ucrnsey^ ^ "
NhFort Laramie
^^^Tpfrington
AJitcheli.
jayardoConner

Eland
'Clinton

V 5 —T^Grand Raplc
\/Dexter V.j Jc. .
-

*

La Crescent1 |o*s^^-K7
LA CROSSE] > •
-'■'^Treston n Stoddard N . r<^ P o r t

\ i Yiroqua NS- ^

l«

De Soto
V l,.,u ^ Ue;

Stxeraon

Watertown^
Waukesh;

Aakntine
Lander

^

cte® I*&lea/O v - V -J c‘

NorthVood
Manfy Jc.

d^iScotland

j

Mank^toi/^<——V

Lake CrystaJ^^-aseca?
^***<?'Mountam iiake V
r |
^"■^^Heron Lake Paella1
^Worthington

Armour Marion Jc.

^

•Tomahawk Lake
Lhinelam
Femblnel
Frentict:
(Chelsea- Merrill

Chippewa Falls l{ \
[<LjO Abbottsford\

Dolan

.Woonsocket'
Chamberlai

ilNNEKAjlTA

|Kirby
THERMOPOLIS/
^ ^ D o rn ick

Bristol

Bedfield'
Gillette

Basin)

Spooner

Britton
Aberdeen

WatersmeetC

Melien
'iilncklej^

Williua^^—
Hutchinson

DurkeeJ
Market Lai

bTBowdle

Korean ^

•raiu^fd

Ellenddle Kutfain

W
aterloo

Siou:

Melbourne/

b r id g e p o r t

V Laramiek
So^kLakescr \

\CHEYE
Iroverfl
\ Keotir

Hahn'8

J u n e . 1917.]

M A P O P T IIE




:R|AL<S^^
I Palisade
L Trea^

LYONS
.Longmqntx
Boulder-^

“teat

£ril

Danville

W/&L

Limon

.Oaklej

UNION
•ewtdi

.Colorado Sprs,

SheridanLake
Pueblo

•Crosby

kNKPORT
.CarrneL

32

RAILROAD COM PANIES
[For abbreviations. &c., see notes on first page]

Miles Date
Road Bonds

C h i c a g o B u r l i n g t o n & Q u i n c y — S t o o k ----------------------------G e n m t g e $ 3 0 0 ,0 0 0 ,0 0 0 l a w fu l m o n e y ___ C e . z o * A r *
I ll i n o i s D lv fir s t m o r t g a g e ! $ 8 5 ,0 0 0 ,0 0 0 c u r r e n c y .
(V . 8 3 , p. 6 2 5 ; V . 69, p. 2 8 3 ) /
red eem a t 1 0 5 . -N B z
S i n k i n g f u n d I o w a D lv 5 s (o o ll t r u s t ) d r a w n a t 1 0 5 z
S i n k i n g f u n d I o w a d l v . 4 s d r a w n a t 1 0 0 ________z o A r
S i n k i n g f u n d 4 s ( S o W D lv ) d r a w n a t 1 0 0 _____z o * A r
D e n v e r e x t e n ( c o l l t r ) b o n d s s f d r a w n a t lO O .N B z o *
N e b r a s k a e x t $ 2 0 ,0 0 0 p m (s f n o t d r a w n ) - N B . z o ' A r
B A M o R R In N e b l L a n d g r s f d r a w n 1 0 0 ___ N B z
a C o n s M $ 1 4 ,0 0 0 ,0 0 0 /
do
d ra w n s in ce 1 9 0 8 ._z
R e p V a l 1st M g u a r (r e d a t p a r ) s f $ 1 4 ,0 0 0 y r l y . z c

1908
8 ,4 9 1
1 1 .6 4 7 / 1 8 9 9
11899
/
1879
891
1879
891
188 1
3 7 0 1 88 1
1887
1 ,4 7 1
1 . . . /1 8 7 8
11878
/
90 1879

D a n v i ll e A G r a p e C r e e k R R — 1 s t M a s s u m e d ___ z o *
F ir s t m o r t g a g e e x t e n s i o n ____________________________ x o *
C o n s o li d a t e d m o r t g a g e ( fo r $ 5 , 9 4 8 ,0 0 0 ) g o l d . C e . z o *
G e n e r a l C o n s o l a n d 1 s t M $ 3 0 .0 0 0 ,0 0 0 ___ C e . z o ’ A r
C h A I n d C o a l R y — 1 s t M $ 2 5 ,0 0 0 p m a s s ’ d . M p . z o *
E v a n s v i ll e T e r r e H a u t e A C h ic a g o I n c o m e m o r t g a g e
R e c e i v e r s ’ c e r t s $ 6 ,0 0 0 ,0 0 0 , e x t e n d e d in 1 9 1 6 ________

9
14
191
817
176

R e fu n d & Im p M (te x t) g r e d a t 102 4 4 - .B a .x o * A r *
817
P u r m o n e y 1 s t lie n C o a l b d s $ 7 , 0 0 0 ,0 0 0 g . C e . x o ’ A *
E v a n s v & T H 1 st c o n s o l i d a t e d M g o l d ______ F .x o *
144
M o u n t V e r n o n B r a n c h m o r t g a g e g o l d ______ F .x o *
25
S u l l iv a n C o C o a l B r a n o h m o r t g a g e g o l d ___ F .x o *
F ir s t G e n e r a l m t g e f o r $ 7 , 0 0 0 , 0 0 0 g o l d ___ F .x o *
199
R e f u n d i n g m o r t g a g e $ 1 , 2 8 4 , 0 0 0 r e d p a r ______ N x
E v a n s v i ll e B e l t R y fir s t m o r t g a g e g o l d __________ . x
4
C & E I E q b d s S e r E d u e $ 1 2 5 ,0 0 0 s - a e x t r o d p a r . .
do
S e r ie s F $ 2 2 0 ,0 0 0 s -a e x t ___ _____________B a x
do
S e r ie s G d u e $ 1 2 4 ,0 0 0 s -a e x t __________ B a x
do
S e r ie s H d u o $ 1 6 6 ,0 0 0 o r $ 1 6 5 , 0 0 0 s a o x t . x
a P a y m e n t o f in te re s t re s u m e d as o f O c t 1 191 6 un d e r o r

Par
Value

Amount
Outstanding

Rate
%

$ 1 0 0 $ 1 1 0 8 3 9 1 0 0 8 In 1 9 1 6
1 0 0 0 A c 6 5 , 2 4 7 .0 0 0
4
l.O O O A o 5 0 , 4 5 1 ,0 0 0
3 44
1 ,0 0 0 A c 3 3 .9 7 6 ,0 0 0
4
1 ,0 0 0
1 , 8 6 5 ,0 0 0
5
1 ,0 0 0
4 ,5 7 5 .0 0 0
4
1 ,0 0 0
5 4 ,0 0 0
4 '
100 A c
9 5 3 ,1 6 0
4
1 8 ,5 3 1 ,0 0 0
1 ,0 0 0 A c
4
600 A c
8 2 3 ,0 0 0 /
0
600 Ac
600 & c
1 2 ,8 0 0
0
7 ,2 1 7 ,8 0 0
100
1 0 0 1 1 ,0 7 0 ,4 0 0
1880
1 ,0 0 0
9 7 ,0 0 0
6
1 ,0 0 0
9 1 ,0 0 0
1 88 1
6
1884
1 ,0 0 0
2 ,7 3 6 ,0 0 0
0 g
1 8 8 7 1 ,0 0 0 A c 2 1 , 3 4 3 , 0 0 0
5
1 ,0 0 0
4 ,6 2 6 ,0 0 0
1885
5
1 ,0 0 0
1 5 0 ,0 0 0
6
1 88 1
1 9 1 4 1 .0 0 0 A c
6 ,0 0 0 .0 0 0
0
2 0 0 ,0 0 0
1915
544
1 9 0 5 1 ,0 0 0 A c 1 8 , 0 1 9 ,0 0 0
4 g
1 9 1 2 1 ,0 0 0 A c
6 ,1 6 7 ,0 0 0
5 g
1 ,0 0 0
3 , 0 0 0 ,0 0 0
1881
6 g
1 ,0 0 0
1883
3 7 5 ,0 0 0
6 g
1890
1 ,0 0 0
4 5 0 ,0 0 0
5 g
1 ,0 0 0
1892
3 .1 7 5 .0 0 0
5 g
50 & c
191 1
1 ,2 8 4 .0 0 0
5
1910
1 ,0 0 0
1 4 2 ,0 0 0
5 g
1 ,0 0 0
1905
2 5 0 .0 0 0
1906
1 ,0 0 0
6 6 0 ,0 0 0
544 g
1 ,0 0 0
7 4 4 .0 0 0
1907
544
1912
1 ,0 0 0
2 .6 4 8 ,0 0 0
544
d e r o f C o u rt d a te d S e p t. 25 191 6.

D I R E C T O R S . — H a lo H o l d e n ( P r o s . ) , G e o . B . H a r r i s , C h e s t e r M .
D a w e s , R o b e r t J . D u n h a m , F r e d e r ic k I I . R a w s o n a n d S a m u e l C . S c o t t e n ,
C h i c a g o , 111.; L o u is W . H i l l , J u le s M . H a n n a f o r d , R a l p h B u d d a n d G e o . T .
S l a d e , S t . P a u l, M i n n . ; C h a r le s E . P e r k i n s , B u r l i n g t o n , l a . — ( V . 1 0 2 , p .
4 3 6 , 1 8 1 0 . 2 3 4 1 ; V . 1 0 3 , p . 6 0 , 3 2 0 , 4 9 3 , 7 5 8 , 1 5 0 8 , 1 6 8 2 , 1 7 0 2 .)
C H I C A O O & E A S T E R N I L L I N O I S R R .— O p e ra te s ro a d (d o u b le tr a c k )
t o D a n v i l l e J e t . , 1 0 6 m . ) f r o m C h i c a g o , 111., t o E v a n s v i l l e , I n d . , a n d b i t u m i ­
n o u s c o a l H o ld s ; a ls o t o S t . L o u i s , M o . , a n d T h e b e s t o J o p p a . 111.
Lines Owned in Fee—
Miles. E v a n s v i ll e t o T e r r e H a u t e ________1 0 9
D o l t o n t o D a n v i ll e , 111........................10 7 B r a n c h e s t o M t . V e r n o n , & o _____ 5 0
4
D a n v i ll e , 111., t o B r a z i l , I n d _______61 E v a n s v i ll e B e l t ______________________
2
M o m e n c e J o t . , 111., t o B r a z i l , I n d . 1 3 0 O t h e r __________________________________
Other Trackage, &c .—
D a n v i ll e J o t . , 111., t o T h e b e s . 111 .292
J o p p a J o t . t o J o p p a , 111____________ 16 P a n a , 111., t o E a s t S t . L o u i s _____ 8 5
C h ic a g o t o D o l t o n , C h . & W . I n d . 17
C ls s n a J o t . t o C ls s n a P a r k , 111___ 11
4
R o s s v l l le J o t . t o S ld e ll J o t . , 1 1 1 .. 3 4 O t t e r C r e e k J o t . t o T e r r e H a u t e . .
P e r o y J o t . t o L a C r o s s e , I n d _______4 6 O t h e r l in e s ______________________________4 6
M ilfo r d J o t . . 111., t o F r e e l a n d . I n d 11
T o t a l D e c 3 1 1 9 1 6 ........................ 1 ,1 3 6
C oa l B lu ff, I n d ., t o C a se y , I n d . .
7
W o o d l a n d , 111., t o V illa G r o v e ___ 6 2
2 d t r a c k _______________________________3 3 1
F i n d l e y , 111., t o P a n a _______________ 2 0
Operated by its cncn Receiver from
B r a n c h e s t o C o a l M in e s ____________
9
March 1 1 9 1 6 —
R o s s v l l le J e t . t o J u d y v l l l e , I n d . . 14 E v . & I n d . R R . , E v a n s v . t o T e r r e
H u n t ’ s E x t e n s i o n ___________________
7
H a u te v ia W o r t h in g to n , & o _ _ 1 3 6
A l s o le a s e s t o o t h e r c o m p a n i e s R o c k v i l l e e x t e n s i o n , 17 m ile s .
n i S T O R Y , & C . — I n 1 9 0 2 t h e S t . L o u is & S a n F r a n c i s c o ( n o w in r e c e i v ­
e r s ’ h a n d s ) a c q u i r e d t h e g r e a t e r p a r t o f t h e s t o c k , b u t in t h o r e o r g a n i z a ­
t io n o f 1 9 l6 th e s t o c k o w n e d w a s s u rre n d e re d .
V . 102, p . 8 96 ; V . 104, p ­
1387, 2235.
O w n s S I . 0 0 0 ,0 0 0 s t o c k C h i c a g o & W e s t e r n I n d i a n a .
O n M a y 2 7 1 9 1 3 r e c e iv e r s w e r e a p p o i n t e d , t h e r e b e i n g a f l o a t i n g d e b t o f
a b o u t 8 5 , 0 0 0 , 0 0 0 : W . J . J a c k s o n o r C h i c a g o is n o w r e c e i v e r .
O n N o v . 25
1 9 1 4 F r a n c i s S . P e a b o d y o f H in s d a le , 111., J a c k s o n K . D e r i n g o f L a k e V i l la ,
111., a n d J a b e z W o o l e y o f E v a n s v i l l e , I n d . , w o r o a p p o i n t e d r e c e iv e r s f o r 11
c o a l m in e s , a n d in M a r c h 1 9 1 6 T h e o . C . K e ll e r w a s m a d e r e c e iv e r o f C h i c . <fc
E . 111. c o a l p r o p e r t ie s .
V . 102. p . 1059; V . 9 9 , p . 159 6, 1748.
R e c e iv e r
w a s a p p o i n t e d f o r t h e E v a n s v i l l o & I n d i a n a p o li s R R . o n F e b . 5 1 9 1 6 , a n d
In M a r . 1 9 1 6 h o b e g a n o p e r a t i n g t h o r o a d s o p a r a t o l y ; s u i t s f o r f o r e c l o s u r e o f
it s t w o m o r t g a g e s h a v e b e e n f i l e d .
V . 102, p . 6 08 , 207 7.
F o r e c l o s u r e s a lo o f C . & E . III. R R . is s o t f o r J u l y i 7 1 9 1 7 .
S oo to rm s o f
r e o r g . p la n a s r u m o r e d , V . 1 0 4 , p . 2 1 1 6 .

Receivers' Certificates.— S e e t a b l e a b o v e a n d V . 9 9 , p . 4 7 ; V . 1 0 2 , p . 2 2 5 3 .
Defaults.— I n J u n o 1 9 1 6 , u n d e r o r d e r o f c o u r t , a ll I n t o r o s t o n e q u i p m e n t
s e c u r it ie s h a d b e e n p a i d p r o m p t l y a n d t h o lr p r i n c ip a l o x t o n d e d t ill 1 9 1 8 ,
b u t o n a ll o t h e r b o n d s t h e I n t o r o s t d u e M a r c h 31 1 9 1 5 a n d s u b s e q u e n t ly w a s
In d e f a u l t .
O n O c t . 1 1 9 1 6 a ll c o u p o n s d u e a n d o v e r d u e o n t h o f o l l o w i n g
Issu es w e r e p a i d a n d it w a s a n n o u n c e d f u t u r e in t e r e s t o n t h o s a m e is s u e s
w o u ld b e m e t (a s t o c o u p o n s s t il l In d e f a u l t s o o t a b l o a t h e a d o f p a g e ) u n t i l
o th e rw is e o r d e r e d b y th o C o u r t ( V . 1 0 4 , p . 1 3 8 7 , 2 2 2 5 ):
D a n v i l l o & G r a p o C r e e k 1 st 6 s ,
I C h . & B . 111. F ir s t C o n s o l . 6 s .
E v . T . I I . & C h . ln c o m o 6 s,
|E v . & T . I I . R R . F i r s t C o n s o l . 6 s ,
C h . & E . 111. F ir s t E x t e n s i o n 6 s ,
|E v a n s v i ll o B e l t R y . F ir s t 5 s .
I n F e b . 1 9 1 6 f o r e c l o s u r e s u it s w o r o p e n d in g u n d o r " G e n e r a l C o n s o l . &
1 st M . . ” R e f . & I m p t . M . , C h i c . & I n d . C o a l M . a n d p u r c h a s e m o n e y
(co a l M . o f 1912) a n d E v .& T . II. G e n . M t g o .
V . 9 9, p . 119; V . 100. p .
228 , 4 7 3 , 981 . 1167. 1436: V . 101. p . 1627; V . 102, p . 1792.
Committee f o r R e f . a n d I m p t . a n d o t h e r B o n d s , e x c e p t C h i c . & I n d . C o a l ,
E v a n s v . & I n d . a n d P u rc h . M o n e y 1st M . C o a l B o n d s , a ls o E q u ip m e n t
O b li g a t i o n s . — J o h n W . P l a t t e n ( C h a i r m a n ) , C a l v e r t B r o w e r , S e c . ; U . S .
M t g e . & T r u s t C o ., d e p o s ita r y .
M a j o r i t y o f b o n d s d e p o s i t e d I n c lu d in g
o v e r 6 5 % o f G e n . C o n s o l. & 1st 5 s.
V . 96. p . 1555; V . 98 , p . 999; V . 99,
p . 47; V . 100, p . 9 81 , 1671. 2166: V . 101, p . 4 4 7 , 1092, 1885; V . 104. p . 361 .
Separate Committee for Gen. Consol. A 1st AI. 5 s . — H e n r y E v a n s ( C h a i r ­
m a n ) , A . F . H a ls t e d , S e c . , 6 2 C e d a r S t . . N . Y .
G u a ra n ty T ru s t C o .,
d e p o s ita r y .
V . 101 . p . 4 4 7 . 129, 1972.
Committee for St. L. A 8 . F. Trust Certifs. for Com. and Pref. Stocks and
C. A E. I . Pref. Stock.— A l v i n W . K r e c h ( C h a i r m a n ) , R i c h a r d R . H u n t e r ,
S e c .; E q u it a b lo T r u s t C o ., d e p o s it a r y .
V . 96 , p . 1628, 1700; V . 97, p.
175 1425: V . 104, p . 1387, 2235.
committee for Chic. A Ind. Coal 1st 5 s .— J a m e s B . M a b o n ( C h a i r m a n ) ,
C h a r le s E . S i g l e r , S e c . ; C e n t r a l T r u s t C o . , N . Y . , d e p o s i t a r y .
V . 98. p.
1992.
O v e r 9 0 % o f b o n d s d e p o s ite d .
V . 9 9 . p . 1 9 5 , 2 6 9 . 1 2 9 9 , 1596:
V . 100, p . 228: V . 101, p .8 4 5 .
V . 102, p . 344; V . 104, p .2 5 5 2 .
Committee for Evansv. A Ind. Bonds.— F r e d k . H . S h ip m a n ( C h a i r m a n ) .
E d w in G ib b s , S e c .; F a rm e r s ’ L o a n & T r u s t C o . , N . Y . , d e p o s it a r y .
L a rge
m a jo r ity d e p o s ite d .
V . 99, p . 119, 341; V . 100, p . 473 .
Committee for Purchase Money Coal Bonds.— G e o r g e O . V a n T u y l J r .
(C h a ir m a n ), J a m e s F . M c N a m a r a , S e c .; M e t r o p o lit a n T r u s t C o . , N . Y . .
d e p o s ita r y .
T h o c o m m itte e a d v a n c e d th o a m o u n t o f th e F e b . 1915
co u p o n s . M o r o th a n 7 5 % d e p o s ite d . V . 1 00 , p . 3 0 7 , 6 4 1 .
Committee for Evansville A T. II. ls< Gen. 5 s .— F r e d e r i c k J . L is m a n ( C h a i r ­
m a n ); S e c r e ta r y , G ra h a m A d a m s , 3 0 B r o a d S t .; F a rm e rs’ L o a n & T r . C o .,
d e p o s i t a r y . M a j o r i t y d e p o s i t e d . V . 1 0 0 , p . 1 2 5 6 . 1 4 3 7 , 1 5 0 9 ; V . 101 , p . 4 7 .
S T O C K . — I n a d d it i o n t o o u t s t a n d i n g s t o c k , $ 6 , 4 0 8 , 3 0 0 c o m m o n w a s o n
D e c 3 1 1 9 1 6 h e l d in t r u s t
b y E q u it a b lo T r u s t C o . as a p a r t o f
“ tru st a s s e ts " u n d o r a g r e o m o n t d a to d J u ly i 1 9 0 5 , fo r Im p r o v e m e n ts , a c q u i­
s it io n s o r r e f u n d i n g , a n d S I , 1 2 7 ,7 0 0 w a s In t r e a s u r y ( m o s t l y p l e d g e d ) .
V . 8 5 . p . 1001; V . 9 2 . p . 1374, 1435; V . 9 3 , p . 2 2 9 , 5 8 8 , 139 3.
B O N D S , E T C . — General Consol, and First Mtge. of 1 8 8 7 ( t r u s t e e . C e n t .
T ru st C o.
(is s u e lim it e d t o $ 3 0 ,0 0 0 ,0 0 0 ) , s e e V . 6 4 , p . 1 0 8 8 : V . 7 8 , p .
1446: V . 7 9 , n. 1331; V . 8 0 , p . 1728; V . 8 4 . p . 1550: V . 9 6 , p . 2 8 4 .
S ee R e fu n d , a n d Im p t . g o ld 4 s o f 1 9 0 5 , V . 8 0 . p . 1424: V . 8 1 . p . 1 4 3 6 :
V . 8 8 , P. 451; V . 90, p . 558; V . 92, p . 117; V . 9 3 , p. 588; V . 9 4, p . 487 .
In
J u n o 1 9 1 7 , o f $ 1 6 ,1 7 2 ,0 0 0 l is t e d o n N . Y . S t o c k E x c h a n g e , $ 7 , 4 1 6 , 0 0 0 h a d
b e e n d e p o s it e d w it h U . S . M t g e . & T r . C o . (F la t te n c o m m it t e e ).
A s t o F ir s t L ie n C o a l b o n d s ( $ 7 ,0 0 0 , 0 0 0 a u t h . I s s u e ), s e e C o m m i t t e e
a b o v e an d V . 9 4 . p . 629: V . 95, p . 1039, 1122, 1393; V . 100. p . 307




[Vol. 104

RAILWAY STOCKS AND BONDS

\ a

When
Payable

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

Q - - M 2 5 J n o 2 5 1 9 1 7 2 % N Y , B o s t o n A C h ic a g o

s

M
J
J
A
A
M
1’
M
J
J
J

A
A
A
A
A
A
A
A
A
A
A

M ch
J J u ly
j J u ly
O ct
o O ot
Sept
A Feb
N M ay
J J u ly
J J u ly
J J u ly

M
J
A
M
J
M

A
A
&
&
A

J
J
J

&
&
A

N
I)
O
N
J
N
J
J
J

J
A
A
A
J
M
F
F
A
M

&
A
A
A
A
&
&
A
&
&

J
()
<)
O
J
N
A
A
O
S

o
s

11958
1 1949
1 1949
1 1919
11919
1 192 1
1 1922
1 1927
1 1918
1 1918
1 1919

A p r 1 1 9 1 3 1 44
M ay 1 1920a
D eo 1 1931a
O ot 1 1934a
N o v 1 1937
Jan 1 1936
M ay 1 1920a
J u ly 1 1917
J u ly 1 1917
J u ly l 1955
F e b 1 1942
J u ly 1 1 9 2 1 a
A p r 1 1923
A p r 1 1930
A p r 1 1942
J u l y 1 1941
N o v 1 1940a
F e b '1 8 - A u g '1 8
F e b ’ 1 8 - F e b ’ 19
A p r ’ 1 8 -O c t ’ 20
M a r ’ 1 8 -S o p t ’25

N ew Y o r k an d B oston
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N o w Y o r k a n d B oston

N Y , C e n tra l T r (te x t)
N Y . M e c h & M e t a ls B k
N Y , C o n t T r u s t (to x t)
M a y 1 9 1 5 c o u p n o t p a id
J u l y 1 9 1 4 c o u p n o t p a id
F a rm ers’ L & T r , N Y
E q u it a b lo T r u s t C o , N Y
F a rm L & T C o , N Y
J u l y 1 9 1 4 c o u p n o t p a id
F e b 1 9 1 5 c o u p n o t p a id
N Y , B a n k e rs T r (te x t)
A p r i l 1 9 1 5 c o u p n o t p a id
A p r i l 1 9 1 5 c o u p n o t p a id
A p r il 1 9 1 5 c o u p n o t p a id
J u l y 1 9 1 5 c o u p n o t p a id
N Y , C o lu m b ia T r (te x t)
See te x t
See te x t
S ee te x t
S ee toxt

T h o r e c e iv e r , u n d e r a u t h o r i t y o f U . S . D i s t r i c t C o u r t , o n J u n o 2 5 1 9 1 5
e x t e n d e d f o r 3 y e a r s t h e t l m o o f p a y m e n t o f t h o p r i n c ip a l o f t h e r e s p e c t iv e
m a t u r it ie s o f S e r ie s E , F , G a n d H o f O . & E . I . e q u i p , c e r t s . , w it h i n t . a t
5 4 4 % ; a l s o r e t ir e d w it h h is 5 4 4 % c e r t i f ic a t e s d u e J u l y 1 1 9 1 7 t h e $ 2 0 0 ,0 0 0
e q u ip t. tru sts o f th e E v . & T . I I .
Soo V . 101, p . 129. 2 8 8 , 36 9 .
E A R N I N G S . — 4 m o s . , J 1 9 1 7 ..............G r o s s , $ 6 , 4 8 1 , 8 5 4 ; n o t , $ 1 ,3 8 7 , 2 4 2
5 ,4 3 1 ,3 4 7 ; n o t ,
1 ,1 4 4 ,6 2 5
Jan . 1 to A p r. 30.
\ 1 9 1 6 .............. G r o s s ,
R E P O R T . — F o r c a l o n d a r y o a r 1 9 1 6 , in V . 1 0 4 , p . 2 2 2 5 .
— Years ending Dec. 3 1 --------- Years ending June 3 0 —
1916.
1915.
1915.
1914.
G r o s s o a r n i n g s . ....................$ 1 6 ,8 8 4 ,6 9 7 $ 1 4 ,8 7 1 ,4 9 5 $ 1 4 ,2 1 0 ,6 0 2 $ 1 5 ,6 3 3 ,6 2 5
$ 1 , 9 6 7 , 2 2 4 $ 1 ,9 1 6 , 6 3 6
N e t , a f t e r t a x e s . __________ $ 2 , 9 7 9 , 6 0 1 $ 2 , 2 1 0 , 7 2 0
O t h e r i n c o m o .........................
1 , 2 4 6 ,5 8 7
6 5 0 ,9 1 0
5 8 3 ,3 6 6
1 ,1 1 9 ,3 3 0
G r o s s i n c o m o ___________ $ 4 ,2 2 6 , 1 8 8
I n t e r e s t p a i d _______________ $ 1 , 0 4 5 , 6 0 2
R e n t s , & c ...............................
8 2 6 ,2 9 6
A c c r u e d i n t . n o t p a i d ___
2 ,3 8 4 ,7 9 5

$ 2 ,8 6 1 ,6 3 0
$ 1 ,0 4 2 ,4 1 8
7 7 7 ,0 5 2
N o t sta ted

$ 2 ,5 5 0 ,5 9 1
$ 1 ,3 4 5 , 8 6 3
7 8 7 ,1 2 9
2 ,2 6 2 ,0 9 6

$ 3 ,0 3 5 ,9 6 6
$ 3 ,2 6 8 , 2 3 7
7 7 7 ,0 1 8
5 1 6 ,6 0 3

B a l a n c e , s u r . o r d o f . s u r . $ 1 6 9 ,4 9 4
________d f $ l , 8 4 4 , 4 9 7 d f $ l ,5 2 5 , 8 9 2
O F F I C E R S .— P r e s ., W . J . J a c k s o n , C h ic a g o ; V .- P ., A lv in W . K r e c h .
N . Y . ; S e c . & A u d . , I I . J . C r o n i n , C h i c a g o : T r o a s .., J . P . I i e o v e s , C h i c a g o .
— ( V . 10 3 , p . 1 2 1 0 , 1 4 1 2 , 1 5 0 5 , 1 7 9 2 ; V . 1 0 4 , p . 1 6 2 , 3 6 1 , 1 3 8 7 . 2 2 2 5 ,2 5 5 2 . )
'C H I C A G O & E R I E R R . — (See Map Erie RR.) — O w n s f r o m M a r lo n , O . .
t o H a m m o n d , I n d . , 2 4 9 m ile s , a n d le a s e s t r a o k a g e o v e r C h ic a g o & W e s t I n d .
t o C h ic a g o , 2 0 m ile s .
E r ie R R . C o . o w n s e n t ir e $ 1 0 0 ,0 0 0 s t o c k .
B O N D S . — T h e First Mortgage (t r u s t e e s , C e n tr a l T r u s t C o . a n d E d w a r d
D a n ie ls ) c o v e r s 2 4 9 m ile s o f r o a d , t h e o o n t r a o t w it h t h e C h ic a g o & W e s t e r n
I n d i a n a , $ 1 , 0 0 0 , 0 0 0 o f t h a t c o m p a n y ’ s sto o ls a n d $ 2 4 0 ,0 0 0 s t o o k o f C h ic a g o
B e lt R y .
See a b stra cts. V . 5 1. p . 911: V . 6 1 , p .7 5 0 .
E A R N I N G S . — 6 m o s . , J1 9 1 6 ............... G r o s s , $ 4 , 2 8 6 , 0 8 9 ; n e t , S I , 4 3 8 ,6 0 9
J u ly 1 t o D o c . 3 1 .
1 1 9 1 5 ----------- G r o s s , 3 , 7 7 1 , 7 0 8 : n e t ,
1 ,3 6 4 ,4 9 3
F o r y o a r e n d i n g D e c . 31 1 9 1 6 , g r o s s , $ 8 , 3 3 5 , 1 5 2 ; n o t , a f t e r t a x e s , $ 2 , 8 2 6 , ­
9 8 3 ; o t h e r i n c o m o , $ 1 8 6 ,5 2 5 ; i n t . , t a x e s , & e . , $ 2 , 8 0 0 , 6 3 8 ; i n v e s t m e n t in
p h y s i c a l p r o p e r t y , $ 8 6 ,2 0 1 ; b a l . , s u r p . , $ 1 2 6 ,6 6 9 . — ( V . 6 1 , p . 5 5 9 .)
C H IC A G O G R E A T W E S T E R N R R .— F o rm s th e ’ ’ C orn B e lt ” r o u t e
r a d ia t in g f r o m O e lw e in , I o w a , n o r t h e r ly t o S t . P a u l, e a s t e r ly t o C h ic a g o
a n d s o u th e r ly a n d jv e s t c r ly t o K a n s a s C ity a n d O m a h a .
- - - 7 5 7 miles
..............................
Operated under agreement.
Afiles.
Lines owned- (total,
) . Miles
C h ic a g o t o S t . P a u l _________________4 0 0 M a s o n C y & F t . D o d g e ,3 8 3 m . , v l z . :
O
‘ e lw e in , l a . , t o C o u n ----------’ l B l’ ffs . 2 0 0
O e lw e in t o S t . J o s e p h ______________ 2 9 0
H a y f le l d , M I n n ., t o C l a r i o n , l a .
B e e C r e e k t o B e v e r l y _______________ 2 3
100
S u m n e r t o W a v e r l y __________________ 2 2 B r a n c h e s t o L e h i g h , & c _________
Trackage—
M a n t o r v i l l e , & c . , b r a n c h e s ______ _ 21
8
L e a v e n w o r t h t o K a n s a s C i t y _________ 1 C o u n c i l B l u f f s t o S o . O m a h a __
Trackage (total, 7 8 milesi—
W l s . M ! n n . & P a o . R R . . 2 7 ? m ile s ,
M a n k a t o t o R e d W i n g , M in n .
96
S t . P a u l t o M in n e a p o l is ____________ 11
R e d W i n g t o O s a g e , l a ______
118
C h ic a g o T e r m i n a l s ____________________10
W i n o n a t o S i m p s o n , M i n n ___
54
G a le n a J e t . , 111., t o D u b u q u e , l a . 14
B r a n c h t o C la y B a n k s , M i n n .
3
D e s M o in e s T e r m i n a l s _____________
3
G o o d h u e t o B e lle C h e s t e r ____
6
L e a v e n w o r t h t o K a n s a s C i t y ______ 2 0
9
S t . J o s e p h , M o . , t o B e e C r e e k ___
O t h e r t r a c k a g e _________________________ 5
T o t a l m il e a g e D e c 31 1 9 1 6 . - 1 , 4 9 6
T h e e n t ir e c a p i t a l s t o c k s o f t h e M a s o n C i t y & F o r t D o d g e R R . C o . a n d
t h o W i s c o n s i n M in n e s o t a A P a c i f ic R R . C o . a r e o w n e d a n d t h e ir r o a d s o p e r ­
a te d u n d er a g re e m e n t.
S ee th o s e co m p a n ie s .
I n 1910 a c q u ir e d e n tire
s t o c k o f L e a v e n w o r t h ( K a n .) T e r m . R y . & B r id g e C o
V . 91. p. 214, 397.
H o ld e r s o f a ll e x c e p t $ 1 6 ,0 0 0 o f t h o $ 6 ,2 3 2 , 0 0 0 W i s c o n s i n M i n n e s o t a &
P a c i f i c b o n d s a c c e p t e d in e x c h a n g o p e r $ 1 ,0 0 0 b o n d $ 5 0 0 e a c h in O . G . W .
1 st M . 4 s a n d $ 5 0 0 In p r o f , s t o c k .
V . 9 7, p . 49, 523, 728, 1203, 1217;
V . 99. p . 673.
O R G A N I Z A T I O N . — T n c o r p . in I ll i n o i s A u g . 2 0 1 9 0 9 a s s u c c e s s o r p e r p la n
V . 8 8 , p . 1 4 9 7 , o f railway a c q u i r e d a t j u d i c i a l s a l e . V . 8 9 , p . 5 2 8 , 5 9 2 .

15

S T O C K . — T h e p r e f . s t o c k ( $ 5 0 ,0 0 0 ,0 0 0 a u t h . is su e )
w a s e n title d t o
n o n - c u m . d l v s . a t 4 % p e r a n n . t o .Tune 3 0 1 9 1 4 a n d t o c u m . d l v s . t h e r e a ft e r
a t t h a t r a t e a h e a d o f t h e c o m . s t o o k , a n d a ls o t o a p r e fe r e n c e a s t o p r in c ip a l
a n d a c c r u e d d i v i d e n d s in c a s o o f d is s o lu t i o n o r l iq u id a t i o n .
T h o v o tin g
t r u s t e x p i r e d b y l im i t a t io n o n S e p t . 1 1 9 1 4 .
V . 9 9 , p . 406 , 1450.
D I V I D E N D S .— P ro f, s t o c k . N o . 1, D o c . 1 1 91 5, 1 % ; M a y 1 a n d O c t . 2
191 6, 1 % ; A p r . 1917, 1 % .
V . 104, p . 8 6 2 .
B O N D S .— V . 8 9 , p . 1482; V . 9 0 . p . 53; V . 100, p . 5 55 , 1078; V . 103 , p .
1792.
I n N o v . 1 9 1 6 a p p li c a t io n w a s m a d e t o t h o I ll i n o i s P . U . C o m m i s s io n f o r
a u t h o r i t y t o Issu e $ 2 , 5 1 5 , 0 0 0 1 s t M . 5 0 - y e a r 4 % b o n d s , w h i c h , it Is u n d e r ­
s t o o d , w o u ld in c r e a s o t h o a m o u n t o u t s t a n d i n g t o a b o u t $ 2 7 ,9 8 9 ,0 0 0 .
b u t n o n e I s s u e d t o F e b . 1 1 9 1 7 ( V . 1 0 3 , p . 1 9 8 0 ).
E A R N I N G S . — 4 m o s . , ( 1 9 1 7 ________ G r o s s , $ 5 , 0 4 8 , 2 5 4 ; n o t .
Jan . I to A p r. 30.
1 1 9 1 6 - ............. G r o s s ,
5 ,0 3 5 , 8 1 9 ; n o t ,

$ 8 5 4 ,8 8 2
1 ,2 5 2 ,3 8 6

R E P O R T . — R e p o r t f o r c a l o n d a r y o a r 1 9 1 6 . in V . 1 0 4 , p . 2 2 2 4 .
Year end. Dec. 3 1 —
1916.
1915.
1914.
1913.
O p e r a t in g r o v o n u o ...........$ 1 6 ,1 3 1 ,6 9 2 $ 1 4 ,1 1 9 ,3 2 1 $ 1 4 ,1 5 2 ,8 6 5 $ 1 4 ,3 4 7 ,1 6 3
O p e r a t in g i n c o m o _______
4 ,2 9 2 ,0 1 3
3 ,0 9 2 ,6 4 0
2 ,8 8 7 ,6 8 8
3 ,0 4 8 ,5 9 4
Deducs. (Con. ) —
1916.
1915.
1916.
1915.
•S
s
$
$
I l i r o o f o q u i p m ’ t 1 , 8 7 4 ,4 9 6 1 , 7 1 4 ,6 0 0
O p e r . i n c o m o (a s
4 8 0 ,0 0 0
a b o v o ) .............. 4 , 2 9 2 , 0 1 3 3 , 0 9 2 , 6 4 6 R e n t s ( lo a s o d r d s .) 4 8 0 ,0 0 0
n i r o e q u i p . , & c . 1 , 4 3 1 .8 7 4 1 , 1 4 5 ,6 3 2 D I v i d o n d s _____(8 ) 8 7 7 ,3 5 8 (4 ) 4 3 8 .6 7 9
G r o s s in c o m o .5 ,7 2 3 ,8 8 7 4 ,2 3 8 ,2 7 9
I n t . c h a r g e s _____1 , 0 3 4 .0 2 2 1 , 0 3 4 ,1 2 2
B a l., s u r p lu s . 1 .4 5 8 ,O i l
5 7 0 ,8 1 9
O F F I C E R S .— P r e s ., S . M . F e lto n : V .- P . , J o s e p h W . B la b o n ; S o c . &
T r e a s ., J . F . C o y k e n d a ll; G e n . A n d ., C o n . F . K r e b s .
P r o s ia e n t’s o f fic o .
P e o p le 's G a s B l d g . , A d a m s S t . a n d M i c h i g a n B o u l e v a r d , C h i c a g o , 111.

Gilbert[Plains

Strassburg

cc

Kamloops Slcaiuous
.Uerrard

Antelope.
Moose Jaw

Keefers

A Whltewt

,ake Superier Jo.

•unmore

pV

Kelson.

on<j

Macleod

!Hawk Lake

.ethbridge
Estevaul

. \

ixford

OUC1ER

p.Rosenfeh
'Hannah

Kalama
(y/vabCO’

Umatill:
'endletouSV
\HeppnerN/ \
La GrandeNJoseph'
Baker CityT
(
'Shanlko
TllHon,>^ ^ - Xh /

PORTLAND'

Camngtoh
\ *
rJ*>ne,I^7C l ^ ^

Bemidjr
U WalkcnS
HaVley
Is
letroit City

'Salem

■Igrsitc
/'Livingston
Bed Lodgrn
Gardiner
) Y£LLOWSTONE\,
k [NATIONAL/ K
^ i PARK, /
\l
|
''Cody
Kirby,
Dubois

Meadows
Crystal.

lugene
[aryhfield

Boise

SKetchum;?

Broadus,
.Aberdeen
.!;• Is. M

-~
SO >
Cambria?T e

linidoki .Pocatello

Murphy'l a m a t h L a k e ^

Medfot

Klamath Fall;?
r.Lakcv|few

facksouville
Yrcka

t-5
HH
Eureka

McDermitt’

Montague

Lander

Ahdrews

Malad, City'
Owyhee'
Contact9

McCloud .Hansen
MadelineWinttcmucca
tr
e
K
Tuini*.
i Mduntf
lu II
SattlcMountail
o BellaVist;
[)
Amadeei
[Anderson
Walts
•clocks.

Umbrt
Cobre/

Sites'^ Marks'

.Ft.Churchill Austin
rson City
/RosevlUe-“ indci
\Savrameutov

SaniKnosaV

[Eureka
Ruth1

•McGill
Kewht t

Merced

Jmperlal

^\Oxford Jt
/crtsonA—.— <

iLlruon
R- Claremont!

rComo
r 'AGrand Jc. 1

[MontroseV*
GuSuisonT

o Springs
Pueblo




Oakley

pAjhaplata

Spriiislicli

Hannil
Soberly

IacksoDYilli

l.ihrnn
A

kTT [arson

SaTin-i-

jaSoria

Scdalia'
ter—i

-Richhill

Lamar

Bismarck

Meade
Springfield

Dawson N
Servilletta.

itocktoni

laswell
,a JuntjCa^Cucbara Jc

Alamosai
Durango
Trinidi

're.zi
Frcsnoi

I.:-1: ■'

Hershe]
jule iburs'

Dover

^Stockton
.Oaklaj

SAN

fi
S s5 3 £ n i

•BurwfU

Steamboat
Rangely

Cisco

S I

C ody"^
Johnstown5

.Crawford
fediw S w
lunrise
.Alliance

invside Glenwood Spring
Bool

Wocdside'

.'

Cp Colonsv

Ladore

Sherwood'

/.'.■I:

A c

OU City/

VjJIoyer'i
iHanna
Brigh m y
'^V Table Rock
Laramie)
OGDCN Cumberland
Grand Encampment

il^e^ii Jc.
i/Pro' o City
KSpringvilli

\

o

kaSf

Powder Kivrn

S

Shatter

, / k)

^ENTOsTj

KewcastleXo

Lake Malheur6

£
&

-William/

Stiles
iGrangcvllli

m
<

Biota
c. Banning

fy

Jz;

>«

Kipigon

Sunfliun

Stanton.

Q
£
<
m
M
o
O

Brule'
Woonga

'pedoci

Minot'

Iiewistouv
-Wa'lliTWalla

.Sprague!
,St. Vincent

gfceVW etteste^

>Dhrrington

o
PQ'

H p ig o n

ik e o/ T h e ^
\W0 0 d 3

Avard
French

RAILWAY STOCKS AND BONDS

34
l For

RAILROAD COM PAN IES
abbreviations, &c., see notes on first page]

Miles
Road

Date
Bonds

Par
Value

Amount
Outstanding

C h ic a g o & E rie — 1 st M g i n t g u a r t ill p r ln p a l d . C e . z c *
249 1890
$ 1 , 0 0 0 $ 1 2 ,0 0 0 ,0 0 0
I n c o m e b o n d s f o r 5 1 0 .0 0 0 ,0 0 0 5 % n o n - c u m _____ N z
2 4 9 1 8 9 0 1 ,0 0 0 A c a 1 0 ,0 0 0 ,0 0 0
C h ic a g o & A t l a n t i c t e r m in a l 1 st M g o l d _____________ z
1888
3 0 0 ,0 0 0
—
C h ic a g o & G r a n d T r u n k — .See G r a n d T r u n k W e s t R y
C h ic a g o G r e a t W e s t e r n — C o m m o n s t o c k $ 4 0 ,0 0 0 ,0 0 0
1496
100 4 5 ,2 1 0 .5 1 3
P r e f ( p r in . A d i v ) 4 % c u m r e d $ 5 0 ,0 0 0 ,0 0 0 a u t h
1496
100 4 3 ,9 2 6 ,6 0 2
F i r s t m o r t g a g e g o l d $ 7 5 ,0 0 0 ,0 0 0 ................. G . x o * A r
1 0 3 5 1 9 0 9 5 . £ & fr
2 5 ,3 8 3 ,0 0 0
M in n e a p o l is T e r m in a l m o r t g a g e g o l d a s s u m e d _____
1
9
0
0
1
,0
00
5 0 0 ,0 0 0
—
M a s o n C it y & F o r t D o d g o — See th a t c o m p a n y
C h ic a g o & G r e a t W e s t e r n — S e e B a lt & O C h ic a g o T e r R R
C h i c a g o H a m m o n d & W e s t e r n — S e e I n d i a n a H a r b o r B e lt R R
C h ic H g t s T e r m T r a n s f — 1 s t M $ 1 , 0 0 0 , 0 0 0 g r e d 1 0 5 s fx
1911
100 A c
5 6 2 .5 0 0
C h i c a g o & III M i d l a n d — 1 s t M 3 3 ,0 0 0 , 0 0 0 g o l d ___ x
1913
26
2 ,5 0 0 .0 0 0
C h i c a g o & III VV— G e n (n e w l s t ) M g g u r e d p a r . C C . x o *
1907
1 .0 0 0
8 2 0 ,0 0 0
C h i c a g o & I n d ia n a C o a l— S e e C h ic a g o & E a s t e r n 111
C h i c I n d & S o — S ee N o w Y o r k C e n tr a l R R .
C h ic a g o I n d i a n a p o li s & L o u is v i ll e — C o m m o n S t o c k
1 0 0 1 0 ,5 0 0 ,0 0 0
P r e f e r r e d 4 % n o n - c u m u l a t l v e $ 5 , 0 0 0 , 0 0 0 ________
100
5 ,0 0 0 ,0 0 0
R e f u n d i n g ( n o w 1 st) M l , 5 4 ,7 0 0 ,0 0 0 a r e 6 s ) ___ C e x
509 1897
1 ,0 0 0
9 ,7 0 0 , 0 0 0
do
$ 1 5 ,0 0 0 ,0 0 0 g o ld \ S e r ie s C ___________________ x
509
1 ,0 0 0
1910
5 ,3 0 0 ,0 0 0
I n d l a n a p & L o u ls v 1 s t M c l o s e d g o l d g u ______ G .x o *
60 1906
1 .0 0 0 b l , 1 7 2 ,0 0 0
F i r s t & G e n M $ 4 0 ,0 0 0 ,0 0 0 g o l d S e r A . _ y g . c * & r *
622 1916
500 A c
3 ,2 5 0 ,0 0 0
M o n o n C o a l C o 1 st M g In t g u s f r e d 1 1 0 ___ 13a x c *
1 ,0 0 0
1 91 1
2 ,8 7 5 ,0 0 0
E q u i p b o n d s S e r A g d u e p a r t s e m i- a n n u a l ly ______ x
___
1 ,0 0 0
1 91 1
1 7 3 ,0 0 0
do
do
S e r B d u e $ 3 7 ,0 0 0 o r $ 3 8 ,0 0 0 s - a - . x
1 ,0 0 0
1 91 1
3 3 8 ,0 0 0
do
do
S e r C d u e $ 5 0 ,0 0 0 s - a _________ B a .x c
1 ,0 0 0
1913
7 0 0 ,0 0 0
C h i c a g o I n d i a n a p o li s & S t L o u is S h o r t L in e — S e e C le v e la n d C ln ctn n a t l C h ic a g o A S t L o
C h ic a g o J u n c t i o n R R — 1 s t M $ 2 , 3 2 7 , 0 0 0 g r e d 1 0 5 - x o *
1 ,0 0 0
1905
2 ,3 2 7 ,0 0 0
C h ic a g o L a k e S h ore & E a s t— 1st M g gu re d t e x t - . x o *
190 9
1 ,0 0 0
9 .0 0 0 ,0 0 0
C h i c M e m & G u l f — 1 st M g r e d 1 0 5 ___ B a .x c * & r
52 1 9 1 0
1 ,0 0 0
7 3 5 ,0 0 0
E q u i p n o t e s d u e $ 6 ,0 0 0 y e a r l y ________________________x
3 0 ,0 0 0
1 91 1
a M o s t ly o w n e d b y E r ie R R C o
b - A d d i t i o n a l $ 4 7 8 ,0 0 0 p l e d g e d u n d e r F i r s t & G e n .

M . of

C H I C A G O & I L L I N O I S M I D L A N D R Y . — O w n s A u b u r n , I I I ., to
T a y l o r v i l l o , 2 5 . 2 m ile s .
S t o c k a u t h ., $ 2 ,0 0 0 ,0 0 0 ; o u t s t a n d in g , $ 1 ,0 0 0 ,0 0 0
(p a r o f sh a re s $ 1 0 0 ), a ll o w n e d b y C o m m o n w e a lth E d is o n C o .
B on d s ou t,
$ 2 ,5 0 0 ,0 0 0 ; se e ta b lo a b o v e .
E q u i p m e n t t r u s t s J u n o 1 1 9 1 7 , $ 5 2 6 ,8 7 8 , d u o
m o n th ly to F e b . 1919.
Y e a r e n d i n g J u n o 3 0 1 9 1 6 , g r o s s , $ 2 9 0 ,0 9 9 ; n e t ,
$ 8 8 ,4 3 5 ; o t h e r i n c o m o , $ 1 1 8 ,5 1 1 ; i n t . , t a x e s , & c . , $ 2 0 2 ,6 4 1 ; b a l . , s u r p l u s ,
$ 4 , 3 0 5 . — ( V . 9 3 , p . 1 5 9 9 .)
C H I C A G O & I L L I N O I S W E S T E R N R R . — P r o j e c t e d W i l l o w S p r in g s
s o u t h w e s t e r l y t o J o l i e t , I l l i n o i s , w i t h b r a n c h e s , a t o t a l o f 5 4 m il e s , o f
w h ic h 17 m ile s in o p e r a t i o n , W i l l o w S p r in g s t o L l a w t h o r n o .
V . 83, p . 491.
S t o c k , $ 1 ,0 0 0 ,0 0 0 ; p a r , $ 1 0 0 .
V . 97, p . 1114, 1356.
O f th o G c n . 6s o f
1 9 0 7 ( $ 4 , 0 0 0 , 0 0 0 a u t h . i s s u o ), $ 9 6 5 ,0 0 0 w e r o o u t s t a n d i n g In J a n . 1 9 1 7 ,
g u a r . p r i n . & i n t . b y D o lo s e & S h e p a r d C o . , C h i c a g o ; e q u i p , t r u s t s , $ 8 9 ,8 9 0 .
V . 8 6 , p . 107; V . 8 8 , p . 6 8 5 .
F o r y e a r e n d in g J u n o 3 0 1 9 1 6 . g ro s s ,
$ 1 5 6 ,2 5 6 ; n o t , $ 2 9 ,8 7 9 .
I n 1 9 1 4 -1 5 , g r o s s , $ 1 3 8 ,4 8 4 : n e t , $ 1 3 ,9 6 4 .
P r e s .,
W . B . C la r k .
O f f i c e , 1 0 8 S o u t h L a S a llo S t . , C h i c a g o . — ( V . 9 7 . p . 1 3 5 6 .)
C H IC A G O
IN D IA N A P O L IS
&
L O U IS V IL L E
R Y .— O p era tes
th e
• M o n o n R o u t e ” fr o m C h ic a g o , 111., v i a M o n o n , I n d . , t o I n d i a n a p o li s . I n d . .
a n d L o u is v i ll e , K y . , w it h b r a n c h e s .
T o t a l M a r c h 1 9 1 7 , 6 5 8 m ile s , v i z .:

Miles.

Oper .underTrackage contract— Miles

In d ia n a S t a t e L in e t o I n d ia n ­
C h ic a g o t o I n d i a n a S t a t e L i n e . . 2 0
a p o l i s ______________________________1 6 2 N e w A l b a n y t o L o u i s v i l l e _________
7
N e w A l b a n y t o M ic h ig a n C i t y ___ 2 8 9 C o n n e c t i o n t o I n d i a n a p o l i s ________• 2
B e d f o r d t o S w lt z C i t y _______________ 4 0 S w lt z C i t y t o w e s t o f V i c t o r i a _____ 1 0
O r le a n s t o F r e n c h L i c k S p r i n g s . . 18 M is c e l la n e o u s ______________________
1
C le a r C r e e k t o H a r r o d s b ’ g , I n d . .
9
W a l l a c e J o t . t o S h ir le y H ill & b r _ 64
M c C o y s b u r g t o D l n w i d d i e ________3 6
T h o s to c k h o ld e r s v o te d S e p t. 2 0 1916 t o p u rch a se th re e s u b . c o s ., v i z .,
I n d i a n a p o li s & L o u i s v i l l o R y . , I n d i a n a S t o n e R R . a n d C h i c a g o & W a b a s h
V a ll e y R y . V . 1 0 3 , p . 3 2 0 .
T h is p u rch a s o w a s c o n s u m m a te d D e c . 31 191 6.
A le a s e f o r 9 9 9 y e a r s w it h C h ic a g o A W e s t e r n I n d i a n a ( o f w h o s e s t o o k t h is
o o m p a n y o w n s $ 1 ,0 0 0 ,0 0 0 ) g iv e s e n t r a n c e t o C h ic a g o o n a m ile a g e b a s is
O w n s o n e - t h ir d I n t e r e s t In K y . A I n d . T e r m i n a l R R . a t L o u is v i ll e , K y .
H I S T O R Y .— S u c c e s s o r J u l y 1 1 8 9 7 o f L o u is v i ll e N e w A l b a n y A C h ic a g o ,
f o r e c l o s e d p e r p la n In V . 6 3 , p . 9 2 2 .
S u it s e t t le d , V . 7 5 , p . 1 03 1
I n A u g . 1 9 0 2 t h e L o u is v i ll e & N a s h v ille a n d S o u t h e r n R y . a c q u i r e d 9 3 %
oI 5
*
a n d 7 7 % o f * 5 , 0 0 0 , 0 0 0 p r e f . s t o c k , o n t h e b a s is o f $ 7 8
a n d $ 9 0 p e r $ 1 0 0 s h a r e , r e s p e c t i v e l y , in t h e ir J o in t 5 0 - y e a r 4 % c o ll a t e r a l t r u s t
g o ld b o n d s a t p a r. se cu re d b y th e s to c k a cq u ir e d .
S e e d e s c r ip t i o n o f b o n d s
u n d e r L o u is v i ll e & N a s h v i ll e .
V . 7 4 , p . 1 0 8 8 , 1 1 3 8 ; V . 75 p 2 8
D I V S . s i n c e 1902’ 0 4 . ’ 0 5 . ’ 0 6 . ’ 0 7 . ’ 0 8 . ’ 0 9 t o ’ 1 3 . ’ 1 4 -1 5 . ’ 1 6 . ’ 1 7 .
O n c o m m o n ____________%
2 )4
3
3.
3
3
3 )4 y ly .
0
4 )4 1
C o m m o n d i v i d e n d s w e r o r e s u m e d In 1 9 1 6 , 3 ) 4 % b e i n g p a i d J u n o 2 9
a n d 1 ) 4 % in D e c . 1 9 1 6 a n d J u n o 1 9 1 7 . V . 1 0 3 , p . 2 1 5 5 ; V . 1 0 2 , p . 2 2 5 3 . .

BO NDS.— Refunding Mortgage ( c l o s e d $ 1 5 ,0 0 0 ,0 0 0 ) , s o o V . 9 0 , p . 1 6 1 3 .
V . 9 1 , p . 5 1 8 , 1095: V . 9 2 , p . 1031, 1700; V . 9 3 , p . 4 4 ; V . 9 4 . p . 11 1 8 .
C a r tru s ts o u ts ta n d in g J u n o 3 0 1 9 1 6 , $ 1 ,3 7 8 ,0 0 0 .
, ? l r s t * G e m M . o f 1 9 1 6 is l im i t e d t o $ 4 0 ,0 0 0 ,0 0 0 ; $ 3 , 2 5 0 , 0 0 0 w a s s o l d
in M a y 1 9 1 6 ( V . 1 0 2 , p . 1 8 1 0 ; V . 1 0 4 , p . 1 0 4 4 ); r e m a in d e r h o l d a s f o l l o w s :
P}!TP °sel l or which $ 4 0 ,0 0 0 ,0 0 0 First & Gen. M . Bonds of 1 9 1 6 are Issuable.
$ 3 ,2 5 0 , 0 0 0 n o w s o l d a n d $ 1 ,2 8 0 , 0 0 0 t a k e n i n t o t h o t r e a s u r y _____$ 4 , 5 3 0 , 0 0 0
Reserved— T o r e fu n d R e f . M . b o n d s d u o J u l y 1 1 9 4 7 ___
__
1 5 ,0 0 0 ,0 0 0
T o o x c h a n g o f o r o u t s t a n d i n g I n d . & L o u i s v . R y 1st M . b o n d s 1 , 1 7 2 ,0 0 0
T o r o f u n d 6 0 % o f e q u i p m e n t b o n d s ( 4 0 % f r o m i n c o m o ) ............
8 2 6 ,8 0 0
h o r a c q u i s i t i o n s , i m p r o v e m e n t s , A c . , u n d e r r e s t r i c t i o n s ............1 8 , 4 7 1 ,2 0 0
, T n ® F i r s t & G e n e r a l M t g o . c o v e r s t h o o n t i r o p r o p o r t y , b o i n g , in M a r c h
1 9 1 7 ( c o m p a r e V . 1 0 2 , p . 1 8 1 0 ):
(1 )
m tg o
o n ly

A Direct Lien on all Road owned, viz.: A 1 s t M t g o . o n 4 9 m il e s a 2 d
o n 5 0 9 m il e s , a n d a 3 d m t g o . o n 6 4 m il e s .

P r i o r lio n s ( c l o s e d ) ,

( 2 ) A Direct Second Mortgage, s u b j e c t o n l y t o t h o c lo s e d R e f u n d i n g m t g o . ,
( a ) o n t h o l e a s e h o ld I n t e r e s ts in t o r m i n a l f a c il i t i e s in C h i c a g o , L o u is v i ll o
a n d I n d i a n a p o li s a n d in K e n t u c k y & I n d i a n a B r i d g o .
(6 ) o n 1 0 ,0 0 0 s h a r e s
o f c a p it a l s t o c k o f C h ic a g o & W e s te r n I n d ia n a R R . a n d 2 ,4 0 0 s h a re s o f
c a p it a l s t o c k o f B e lt R y . C o . o f C h ic a g o ,
(c ) O n a l l t h o r o l l i n g s t o c k a n d
e q u i p m e n t , v a l u e d a t o v e r $ 7 , 6 2 8 , 0 0 0 , w h ilo e q u i p m e n t t r u s t b o n d s o u t ­
s ta n d in g a m o u n t t o $ 1 ,2 6 9 ,0 0 0 .
, o n e divrn a,p™ is & 1Lo0,li lsv11,1? g u a r a n t e e d b o n d s .
V . 82. p . 508: V . 83, p .
o 2 r 0 ’. Y ’, l 02, ’ pr 18t1 0 ’
A ls o g u a r a n te e s in t . o n $ 2 ,8 7 5 ,0 0 0 M o n o n C o a l
f - f ; ,l s t
5 s d u e J u n e 1 1 9 3 6 , r e d e e m a b le a t 110 ($ 3 ,0 0 0 ,0 0 0 a u th o r iz e d
is s u e ).
V . 93, p . 44, 697.
E A R N I N G S . — 4 m o s ., 1 1 9 1 7 ................... G r o s s ,
J a n . 1 t o A p ril 3 0 .
1 1 9 1 6 ----------------G r o s s ,

$ 2 ,9 1 S ,0 S 1 ; n o t , $ 7 4 4 7 ) 7 0
2 , 4 9 6 , 2 8 2 ; n o t , , 6 9 8 ,42t)

A N N U A L R E P O R T .— In V . 103, p . 1408, sh ow ed

Year ending
„
,
Dec. 3 1 * 1 6 .
G r o s s o a r n i n g s ................._ $ 8 , 2 0 2 , 2 7 6
N o t ( a ft e r t a x e s , & c . ) _ _ $ 2 , 4 7 0 , 9 1 0
D l v s . , A c . , r o c o i v o d _____
3 7 5 ,6 5 3
T o t a l n o t i n c o m o ------- $ 2 , 8 4 6 , 5 6 9




-Years ending June 3 0 - ---------1916.
$ 7 ,6 9 4 , 7 3 4
$ 2 ,2 1 7 , 2 8 5
3 3 8 ,2 7 2
$ 2 ,5 5 5 , 5 5 7

1915.
$ 6 ,5 5 9 ,6 6 5
$ 1 ,5 6 2 ,6 3 3
2 3 2 ,1 8 1
$ 1 ,7 9 4 , 8 1 4

When
Payable

%

5 g
a
5 g
Seo

4 In 1 9 1 6
5 & 6 g
4 g
4 g
5 g
5 g
4 )4 g
4 )4
4 )4
u ls

Places Where Interest and
Dividends are Payable

M

A

J

*

N M ay 1 1982'
O ct 1 1982
J J u ly 1 191 8

&
A

A p r 2 1917 1 % J P M o rg a n & C o , N Y
S S ep t I 1959
J Jan 1 1950
B a n k o f M o n t r e a l, N Y

tex t
M
4 g
3 )4 g J

6 g
5 g
6 g

Last Dividend
and Maturity

J
J
J

A
&
A

J
.1

A D
A 7)
A
J
A
J
A
J
&
N
A
1)
A
S
AQ 15
&
A

J
J
J
M
J
M
A
F

M
4 g
4)4 g J
J
5g
5

A
A
&

E r ie R a i l r o a d , N e w Y o r k
E rie R a ilr o a d , N e w Y o r k

,T J a n l 1 93 1
D D e c 1 1938
J J u ly 1 194 7

N o r t h e r n T r u s t C o , C h ic
C o n A C o m T r A S a v B k , Oh

J u n o 29 T 7 1 %
J u n o 2 9 ’ 17 2 %
J u ly I 1947
J u ly 1 1947
Jan 1 1956
M a y 1 1966
Ju n e 1 1936
T o M c h 15 1921
O c t ’ 1 7 - O c t ’ 21
A u g '1 7 - A u g '2 3

J P M organ

A

C o, N Y

do
do
do
do
G u a ra n ty T ru st C o . N Y
J P M organ & C o , N Y
B a n kers T ru st C o , N Y
E q u it a b le T r u s t C o , N Y
B a n k e r s T r i fc t C o . N Y
do
do

vS M c h 1 1 9 4 5
H a r r is F o r b e s A C o C h lo
I) J u n e 1 1 9 6 9
71 B r o a d w a y , N e w Y o r k
J Jan 1 1940
B an k ers T ru st C o , N Y
T o J u l y 1 1 92 1

1916.

C H I C A G O G R E A T W E S T E R N ( Concluded) —
D I R E C T O R S .— S am uel M . F e lto n , J oh n A . S p o o r, A . A . S p ra g u e 2 d .
C l y d e M . C a r r , C h a s . I I . T h o r n e a n d 'E . A . C u d a h y , C h i c a g o ; C h a r le s
S t e e le , J o h n R . M o r r o n , N e w Y o r k ; E . F . S w ln n o y , K a n s a s C i t y ; J o h n
W a s h b u r n , M in n e a p o l is ; G . W . W a t t l e s , O m a h a ; E . C . F i n k b in o , D o s
M o i n e s ; M i l t o n T o o t l e J r . , S t . J o s e p h . — ( V . 1 0 4 , p . 8 6 2 , 2 2 2 4 .)

Lines owned—

Rate

[Vol. 104.

1914.
$ 6 ,9 4 4 , 0 0 5
$ 1 ,4 2 6 ,2 8 6
2 0 6 ,5 4 3
$ 1 ,6 3 2 ,8 2 9

Year ending
Dec. 31 ’ 1 6 .
I n t e r e s t o n b o n d s _______
R e n t a l s , A c _______________

$ 9 5 0 ,4 5 4
7 4 2 ,2 4 9

--------- Years
1916.
$ 9 5 4 ,3 6 8
7 0 9 ,1 0 5

S u r p lu s f o r d i v i d e n d s . $ 1 ,1 5 3 , 8 0 6
$ 8 9 2 ,0 8 3
D iv i d e n d o n p r o f . ( 4 % ) .
1 9 9 ,7 5 2
1 9 9 ,7 5 2
D iv id e n d o n c o m m o n ( 3 M % ) 5 1 1 ,8 7 5 ( 3 ) 0 3 4 1 ,1 2 9

ending June 3 0 ------------1915.
$ 9 3 5 ,1 9 8
6 1 9 ,8 4 3

1914.
$ 8 5 5 ,9 2 6
6 3 1 ,1 0 6

$ 2 3 9 ,7 7 3
$ 1 4 5 ,7 9 8
1 9 9 ,7 5 2
1 9 9 .7 5 2
.............. ( 1 ) 4 ) 1 7 0 , 5 6 8

O F F I C E R S . — P r o s . , H . R . IC u rrio, C h i c a g o ; V . - P . . M o r t o n F . P l a n t .
N . Y .; V .- P ., F r e d . Z im m e r m a n . C h ic a g o ; T r e a s ., B y r o n C a s s e ll, 6 0 8 S o .
D e a r b o r n S t . , C h i c a g o ; S e c . , .1. A . H i l t o n , 5 2 B r o a d w a y , N . Y . — ( V . 103
p . 3 2 0 , 1 1 1 4 . 1 1 1 7 , 1 2 1 0 , 1 4 0 8 , 2 1 5 5 ; V . 1 0 4 , p . 1 0 4 4 , 1 3 8 7 , 1 4 8 8 .)
C H I C A G O J U N C T I O N R R . — O w n s 3 .6 1 m llo s o f e l e v a t e d t r a c k , c o n ­
n e c t in g S o u t h S id e E l e v a t e d R R . w it h t h o s t o c k y a r d s .
L ea sed to th a t
c o m p a n y f o r 5 0 y e a r s (w it h r ig h t t o p u r c h a s o a t c o s t w it h in 2 0 y e a r s ) a t a
r e n t a l c o v e r in g b o n d In t e r e s t a n d a ll e x p e n s e s .
C a p it a l s t o c k , $ 5 0 ,0 0 0 .
B o n d s a r e g u a r a n t e e d , p r in . a n d I n t ., b y C h ic a g o J u n c t i o n I t y s . & U n io n
S to c k Y a r d s C o .; th e y a re s u b je c t t o c a ll a t 105 a fte r 1 91 0.
F orm o f
g u a ra n ty , V . 8 2 , n . 5 68 .
F o r 6 m o n th s e n d e d D e c . 31 1 9 1 6 , g r o s s , $ 1 ,2 9 0 .­
1 0 9 . a g a in s t $ 1 ,1 3 3 ,4 3 9 In 1 9 1 5 ; n o t , $ 1 9 2 ,6 3 3 , a g a in s t $ 2 6 9 .5 4 7 . — ( V . 8 5 .
p . 7 9 2 ; V . 8 7 , p . 3 4 6 .)
C H I C A G O J U N C T I O N R Y . — O w n s in n e r lin e w it h in t h e C h i c a g o
U n io n S t o c k Y a r d s d i s t r i c t , 1 1 .8 1 m . ; s id e a n d I n d u s t r ia l t r a c k s , 1 1 8 .5 8 m .
I n 1 90 7 N o w Y o r k C e n t r a l In t e r e s ts a c q u i r e d t h e o u t e r b e lt l in e , a s s u m i n g
t h e $ 2 ,5 0 0 ,0 0 0 o u t s t a n d i n g b o n d s .
V . 8 5 , p . 159, 792 .
C H I C A G O J U N C . R Y S . & U N . S T K . Y A R D S . — S c o “ I n d u s t r i a ls . ”
C H IC A G O

K ALAM AZOO

& S A G IN A W

R Y .— S eo M ic h . C e n tr a l.

C H I C A G O L A K E S H O R E & E A S T E R N R Y . — E m b r a c e s 4 8 5 m ile s o f
t r a c k , c o n n e c t in g t h e v a r i o u s w o r k s o f t h e I llin o is S t e e l C o . a n d I n d i a n a
S t e e l C o . a t C h io a g o , J o l ie t . M ilw a u k e e a n d G a r y w it h d i v e r g in g t r u n k lin o s ,
a n d a ls o w it h s t e a m s h ip lin e s , s t o n e q u a r r ie s , in d u s t r ia l e s t a b l is h m e n t s .
A c . ; a ls o r e a c h e s t h o c o a l f i e l d s o f 111. a n d I n d . , a n d J o l i e t , III.
S tock
$ 9 , 0 0 0 , 0 0 0 , a ll o w n e d b y t h o I l l i n o i s S t e e l C o . , a n d s o b y t h o U . S S t e e i
C o r p . , w h ic h , w it h E l g i n J o l i e t & E a s t e r n g u a r , t h o b o n d s , p r i n . a n d in t
b y e n d o rse m e n t.
T h o la s t n a m e d lo a s e s t h o r o a d f o r 6 0 y o a r s f r o m J u n o 1
1 9 0 9 , r o n t a l c o v e r in g a ll c h a r g e s a n d d l v s . o n s t o c k , d o p e n d o n t o n e a r n in g s .
Seo V . 9 0 , p . 108.
D l v s . p a i d i n 1 9 1 0 , 5 % ; in 1 9 1 1 , 5 % a n d 2 % e x t r a ; In
f i s c a l y e a r 1 9 1 2 -1 3 , 1 0 % : 1 9 1 3 -1 4 , 7 % ; 1 9 1 4 -1 5 , 1 5 % ; 1 9 1 5 -1 6 , 1 0 % .
B o n d s a r e r e d e e m a b l e In w h o lo o r In p a r t f r o m D e o . 1 1 9 1 9 a t 1 1 0 a n d In t t h e y a r e lim it e d t o 5 2 0 .0 0 0 ,0 0 0 a n d fu r t h e r is su e s o f b o n d s b e y o n d t h o
5 9 ,0 0 0 .0 0 0 n o w o u t s t a n d i n g c a n b e m a d e o n l y f o r 5 0 % o f c o s t o f p r o p e r t y
V . 8 8 , p . 1 3 7 2 ; V . 8 9 . p . 2 2 4 , 1 4 1 0 .— ( V . 9 1 , p . 1 4 4 6 ; V . 1 0 3 , p . 1 3 0 1 .)
Y'
C H I C A G O M E M P H IS & G U L F R R .— O w n s D y e r s b u r g , T e n n ., to
H ic k m a n , K y . , 5 2 m ile s .
S t o c k , c o m m o n , $ 5 2 0 ,0 0 0 ; 6 % c u m . p r e f .,
$ 1 5 0 ,0 0 0 , a ll a c q u i r e d In F e b . 1 9 1 3 b y I llin o is C e n t r a l R R .
V . 96, p . 716
A d i v i d e n d o f 8 % w a s p a id f r o m t h o o a r n in g s o f 1 9 1 0 -1 1 a n d c r e d it e d
to w a rd s p a y m e n t o f p re f. s to c k .
D l v s . o n p r o f ., 1 ) 4 % O c t . 1 1 9 1 1 :
1 9 1 2 , 6 % ( Q . - J - j ; 1 9 1 3 , J a n ., 1 ) 4 % .
N o n o s l n c o t o F o b . 15 1 9 1 7 .
B o n d s ( $ 1 0 ,0 0 0 ,0 0 0 a u t h . ) o u t s t a n d i n g J u n o 3 0 1 9 1 6 , $ 7 3 5 ,0 0 0 ; r e s o r v o d
f o r t e r m in a ls . A o . . 5 1 .7 5 0 .0 0 0 , a n d r e m a in in g 5 7 , 5 1 5 , 0 0 0 a t n o t t o e x c e e d
8 5 % o f c o s t o f n e w c o n s t r u c t i o n , n o r o v e r 5 2 0 ,0 0 0 p e r m ile m a in lin e V 9 0
p . 1 0 8 , 3 0 2 ; V . 9 1 , p . 1 5 3 . F o r y e a r e n d i n g J u n e 3 0 1 9 1 6 , g r o s s , $ 1 9 5 ,1 3 5
n e t , a f t o r t a x e s . $ 4 7 ,9 2 4 ; n o n - o n e r . I n c o m o , $ 9 0 2 ; i n t e r e s t o n f u n d e d d o b t
$ 3 8 ,5 5 0 ; o t h e r c h a r g e s , $ 3 ,2 0 6 b a l . , s u r ., $ 7 , 0 7 0 . — ( V . 9 6 , p . 4 1 9 .)
C H I C A O O /M I L W A U K E E & G A R Y R Y . — Soo p a g o 2 0 5 .
C H I C A G O M I L W . & P U G E T S O U N D R Y . — S eo C h ic . M . A S t . P . R y .
„ C H I C A O O M I L W A U K E E & S T . P A U L R Y . — (S ee M a p .)— O p e r a t e s
f r o m C h i c a g o w e s t e r l y t o S e a t t le a n d T a c o m a , W a s h . , w it h n u m e r o u s b r s .:

Road—

M
iles.] i Road—
Allies,
Road—

M iles

L in o s o w n o d D e c . 3 1 1 9 1 6 ( o f
| 2d, 3 d A 4 t h t r a c k s ________
1 081
w h ic h 1 1 0 m . o w n o d J
Jolt
o i n t 'ly ) 0 , 8 5 7 ] T r a c k a g o ( i n c l . 2 d A 3 d t r a c k s ) . 4 2 9
llu
L1
I n 1 9 1 6 b u i l t f r o m G rroaa_______________
t I*alls t o A _______
g a w a m_ , „M„ „o „n „t . , 7lv,
0 m il e s , „a n
d 1
in
J a n . 1 9 1 7 w a s b u i l d in g G r a s s R a n g o t o W i n n e t t , 2 3 m ii e s , a n d B i g B l a c k f o o t J u n e , t o C l e a r w a t e r , 2 2 m il e s .
— H IS T C R Y , A o .
O r g . M a y 5 1 8 6 3 a n d o n F o b . 11 1 8 7 4 t o o k p r e s e n t n a m e
C h i c a g o M il w a u k e e & P u g e t S o u n d
R y . (s o o m a p ) ,
f o r m i n g P a c i f ic
e x t e n s io n w a s a c q u i r e d in f e e J a n . I 1 9 1 3 . Its b o n d e d d o b t b e i n g a s s u m e d
a n d t h e s t o c k ( $ 1 0 0 , 0 0 0 , 0 0 0 ) h o ld a l lv o m e r e ly a s a m u n i m e n t o f t i t l e .
V.
9 6 , p . 6 2 ; V . 9 5 , p . 1683; V . 9 7 , p . 8 19 .
17 ? f ^ * H ° l P o r t A n g o le s A ^ V e s t . , 8 6 m il e s , w a s o p o n e d In 1 9 1 5 . V . 1 0 0 , p .
I n ’ l 9 i 2 a c q u i r e d B e l l in g h a m B a y A B r i t is h C o l . ( n o w B o l l . & N o r R v )
B e l l in g h a m , W a s h . , t o G la c i e r , B . C . , 4 4 m ile s , w it h b r a n c h e s 11 m i l e s ’
V . 94. p . 767.
A l s o o w n s a ll s t o c k o f T a c o m a E a s t e r n R R ’ T a c o m a
t o M o r t o n , w it h b r a n c h e s , 9 3 m .
V . 91, p . 651.
T h cs o aro o p e ra te d In d e­
p e n d e n t ly .
C A P I T A L S T O C K . — T h e p r e f . s t o c k h a s a p r io r r ig h t o v e r t h e c o m . s t o o k
t o a d i v i d e n d o f n o t o v e r 7 % f r o m n e t e a r n in g s In e a c h y e a r , b u t i f n o t
e a r n e d it h a s n o c u m u l a t iv e r ig h t .
A f t e r 7 % o n c o m . , b o t h s h a r e pro rata.
D IV S .
) ’ 9 5 . ’ 9 6 . ’ 9 7 - ’ 0 0 . ’ 0 1 . ’ 0 2 - ’ l l . ’ 1 2 - T 4 . ’ 1 5 - ’ 1 6 . '1 7 .
O n c o m m o n ...............% )
2
4
5 y ’ ly
6
7 y ’ly
5 y 'ly 4 ) 4 5
2 )4
B O N D S . — T h e 9 9 - y e a r G e n e r a l a n d R e f u n d in g M o r t g a g o o f 1 9 1 3 Is a n
o p e n m o r t g a g e a n d n o t l im i t e d t o a n y s p e c i f i e d a m o u n t , b u t t h o b o n d s a t
a n y t im e o u t s t a n d i n g a r o lim i t e d t o t h r e e t im e s t h e o u t s t a n d i n g s t o c k , n o w
a m o u n t i n g t o $ 2 .1 3 ,6 8 6 ,2 0 0 .
W h o n th o a m o u n t o f b o n d s Issu ed th e r e u n d e r
( b e a r in g I n t e r e s t n o t In e x c e s s o f 6 % ) r e a d i e s $ 6 9 6 ,0 0 0 ,0 0 0 , f u r t h e r Issu es
m u s t b e lim it e d t o 7 5 % o f t h o c a s t o f p r o p e r t y p l a c e d u n d e r t h e m o r t g a g o .
T h e m o r t g a g o is s e c u r e d b y a d i r e c t Hen o n a ll t h e p r o p e r t ie s , in c lu d in g
a b o u t 9 ,7 4 7 m ile s d i r e c t l y o w n e d , 1 1 0 m llo s J o in t ly o w n e d , t e r m in a l p r o p e r ­
tie s In C h i c a g o , M i l w a u k e e , S e a t t l e , T a c o m a , S p o k a n e A o t h e r c i t i e s , a n d
t h e e n t ir e e q u i p m e n t , s u b j e c t t o $ 1 7 9 ,6 7 3 ,0 0 0 p r i o r H ons ( $ 1 8 ,3 3 1 p . m )
t o r e t ir o w h ic h a n e q u a l a m o u n t o f b o n d s is r e s e r v e d . S 1 3 2 .0 0 7 .2 0 0 b e in g
a l s o r e s e r v e d t o r e t ir o d e b e n t u r e s a n d c o n v e r t i b l e b o n d s , w h ic h a r o e q u a ll y
s e c u r e d t h e r e u n d e r . N o n o o f t h o p r i o r H ons m a y b o e x t o n d e d a n d n o f u r t h o r

gt. Hilaire
Devil'.! "Lake Laclm vn?

A

CHICAGO & NORTHWESTERN
R A IL W A Y

New Kockfordl
Sykeston. ^arrlngton

Junction'

'armen

Tower'

Lake
WinnebiyoshUh

EOSitiBn
Eer.tvla

Coo?®tay

SYSTEM .

.Grand Rapldi

r ^ v '-f

Everestq
Davenport,

NOR-.

[Chicago St.Paul, Minneapolis & 0.rtia(ia .fiy,

Mlarncsvllle^^ I >v

Lisbon
M U n o ro Z S lE ^

""Aitken

SU PERI---------- _
/
\V Iron^
TIawUTorneU Kiver

_ J S r F e fp r T F a llS

Ireckednjdge

\Llncoli

^7?^m
erce
r"
v o\ W
CD
U
F^A
M
BlA
l
W
OODRUFFJ

Llftle Falls

SaukXcutre'

Eureka'

Brown's Tailed

’smell

Morris'

'urtle Lakei

GROTON

ransfleld

' Ehinela

i8T8.nlM*
HARftlSOi^
I
,|

4 v PO'f,4 5?

PARRI

Ch i c a g o

A'tft01

; CREEX
FOURCHE

A

sA.-'t m

"Wlllmar

MbreSZ

lhaska.

* > NEWELL
m esofa

^-§02,

:w o o d

Gillette
y y iy

; RA>yt>[c <vt\
V

|

i

^—1“---x ^ T

HBrennan

uHenmosiv

\
***
f f ?c\ A p ' pE‘
\ ) Vila^f'°Hjr * I

Chamberlain’

White

sCFalrfjum
I3UFFALO GAP

MHO
ffi
kTOi) V.
^\3Kmeo,naj<2

NEKO(

"**KATq5

yk
k L er&

m it c h e l i

Bosehudfo

IRMOW
NT

Sibley,
d o js n ^

EagemontjjcJi

lgona

NewST
Hampton'

Wmotxt

WpODWANLANCASTER,

■

ev^ n s v il l e TJ

NORTht

CHICAGO

I)ubuque^\>

<&lLE
lixal-or.

CVVendover

IMAW1

H yannis

F P E cpgR O c^

NTH.

albioi

'.TACOMA SPOKANE o|
[o

to

cs

AnacondacO

it C h e e r y

vo"^,t°^TV

Minneapolis
' c it y '

Boise CityI

lUpHAKINOCj

Cbaritoi
union

paciFid'

Inland

'OGDEN

IUI V%
MontereWA

San Luis Obispow
SantaBarbara^

\

~NCO I

Bushmill So. Peldri]

Harm'

hasjtv

Fr a n c i s c o ; ^

Blue Hi

!Fresno

Amboy O’

LOS ANGELES,

SAN DIEGO]




UNION PACIFIC CONNECTIONS
TO PACIFIC COAST_______

Galesburg .jsSCj

< m
iurllngtonMjK? s p fPEORIA^
G'.MEOod

Nebraska City1-! \Vy? Conception
;Beatrice \J®f

D arlington

Falls

Gllmar,

Allen

ieokul

letonV

' Archer!
CcnproJ

GirardH

Chlllicothe'

.Sheldon\

itreator J<
Orccn

BENLD0

Sp>,

Decatur

RAILROAD COM PANIES

>For abbreviations, &c., see notes on first page. ]

Miles Date
Road Bonds

C h i c a g o M ilw a u k e e & St P a u l— C o m s t o c k (s e e t e x t ) .
P r e fe r re d s t o c k 7 % y e a r ly n o t c u m $ 1 1 6 ,2 7 4 ,9 0 0 - ­
L a c r o s s e A D a v e n D l v 1 st M (fr e e o f State t a x e s ) F . c *
161
W i s e V a l D lv 1 s t M s in k f u n d n o t d r a w n . N B .z c *
317
D u b D lv 1 s t M s in k in g f u n d n o t d r a w n . N B .z c *
1 .1 1 7
C h ic A P a o W e s t e r n D l v 1 st M (s e e t e x t ) g o l d . F . z o *
179
C h ic a g o A L a k e S u p e r io r D lv 1 s t M g o l d — F .z o *
196
W i s e A M in n D lv 1 st M g _____________________________ F z
117
F a r g o & S o u t h e r n fir s t m t g e g o l d a s s u m e d --------------z
78
C h ic a g o A M is s o u r i R i v e r D lv firs t m o r t g a g e . F . z o *
G e n M ( fo r $ 1 5 0 ,0 0 0 ,0 0 0 ) g o l d S e r ie s A _ U s . x o * A r 6 .3 5 2
do
do
S e r ie s A r e g i s t e r e d _______ x 6 .3 5 2
do
do
S e r ie s B _________________ x o * 6 .3 5 2
do
do
S e r ie s B r e g i s t e r e d _______ x 0 .3 5 '.
6 .3 5 2
do
do
S e r ie s O g o l d _______ _. x c *
6 .3 5 2
do
do
S e rie s O r e g i s t e r e d _______ x
M llw & N o r 1 s t M S c h w a r t z t o G r B a y e x t 1 9 1 3 -X O *
126
421
C o n s o l m tg e e x te n d e d 1913 (V 9 6 . p 1 3 6 4 ).. z c *
9 .8 5 7
x D e b $ 5 0 ,0 0 0 ,0 0 0 g ________[ A l l s e c u r e d ( _ . F . x c * & r *
9 .8 5 7
D e b 2 5 0 ,(> 0 0 ,0 0 0 f r a n c s ___ j b y t h e G e n . ■)_____ U s m .x
x G o l d ( S ) b d s .c a l l a t p a r a l l l
and
|— U S m x c * 9 .8 5 7
9 .8 5 7
C o n v e r t d e b s t e x t g ________I R e f . M t g e . (_ U s .x c * A r *
C h M U A P u g e t S o u n d 1 s t M ( t e x t ) a s s . - U s x c * A r * 2 ,3 6 9
9 .8 5 7
G e n e r a l a n d R e f u n d i n g M , S e r ie s A ------------Q c * A r *
9 .8 5 7
do
do
S e r A ( V 1 0 4 , p . 4 5 1 ) -------------- c * A r *
9 .8 5 7
do
do
c o n v e r t s e r ie s B (s e e t e x t ) ___ c * A r *
C h i c a g o & N W — C o m s t o c k 5 1 7 7 .5 3 9 .8 8 0 a u t h . . . T r 7 , 9 4 6
P r e f e r r e d s t o o k ( n o t c u m u l a t iv e ) s e e t e x t -----------------T r 7 ,9 1 6
413
M llw L a k e S h o r e & W c o n s M ( n o w 1 st) g o l d . C e . z o *
M ic h i g a n D l v 1 s t M ( f o r 5 3 . 0 0 0 .0 0 0 ) g o l d _ . C e . z o *
A s h la n d D iv i s io n fir s t m o r t g a g e g o l d ----------C e .z o *
E x t & I m p M fo r $ 5 , 0 0 0 , 0 0 0 g s f n o t d r a w n C e .z o *
M a r s h E x t 1 s t M $ 6 0 0 ,0 0 0 ( $ 1 5 ,0 0 0 p m ) . U n . z o *
S in k f u n d b d s o f '7 9 ( $ 1 5 , 0 0 0 p m ) r e d 1 0 5 - F . v c A r 1 .0 4 1
S i n k i n g f u n d d e b e n t u r e s 1 9 3 3 ______________ U n . z c * A r
3 0 - y e a r d e b e n t u r e s ____________________________ U n . z c ’ A r
E x t e n s i o n 4 s $ 2 0 ,0 0 0 ,0 0 0 ( $ 2 0 , 0 0 0 p m ) . U n . z c A r

b

[Vol. 104.

RAILWAY STOCKS AND BONDS

36

A l s o In t r o a s A p r . 3 0 ' 1 7 , $ 1 0 7 ,2 5 9 ,2 0 0 ; d t o k . s o o

x S e c u r e d b y p le d g e o f F r e n c h l o a n d e b e n t u r e s , w h lc

1879
1880
1880
1 88 1
1881
188 1
1883
1886
1889
1889
1889
1889
1889
1889
1913
1913
1909
1910
1916
1912
1909
1914
1914
1915
188 1
1884
1885
1889
1892
1879
1883
1 89 1
1886
age
rn a re

Par
Value

$ 1 0 0 1 1 7 .4 0 6 .0 0 0 5 % 1 9 1 6
7
1 0 0 1 1 5 .8 1 5 .8 0 0
5
2 .4 9 6 .0 0 0
1 ,0 0 0
6
1 ,0 0 0
1 .4 8 6 .0 0 0
1 ,0 0 0
6
4 .3 8 9 .0 0 0
5 g
1 ,0 0 0 2 5 . 3 3 4 . 0 0 0
5 g
1 .3 6 0 .0 0 0
1 ,0 0 0
5 g
1 ,0 0 0
4 .7 5 5 .0 0 0
6 g
1 .2 4 8 .0 0 0
1 ,0 0 0
5
3 .0 8 3 . 0 0 0
1 .0 0 0
4 g
1 ,0 0 0 1 4 8 . 2 4 1 . 0 0 0 /
\ 4 g
1 ,0 0 0 /
3 h g
8 .9 5 0 .0 0 0 /
1,0 0 0 1
1
3H g
1 . 000 /
1 ,0 0 0 4 2 . 5 9 7 . 0 0 0
4H g
1
4 j* g
1 ,0 0 0
4 H
2 .1 1 7 .0 0 0
1 ,0 0 0
5 .0 7 2 .0 0 0
4H
1 ,0 0 0
4 z
1 ,0 0 0 A c 3 3 .2 8 6 .0 0 0
4
5 0 0 f r A c 1 3 .2 8 5 .0 0 0
4 g
1 ,0 0 0 A c 3 4 . 8 9 2 . 0 0 0 i
10 0 A c 4 9 ,9 8 0 .8 0 0
4H g
4
10 0 A c 2 6 .1 7 5 .0 0 0
1 00 A c b l8 .0 8 9 .0 0 0
4K 8
000 4 X
1 ,0 0 0 2 5 . 0 0 0 .
5 g
100 A c 2 9 ,1 2 9 .8 )0
1 0 0 1 4 5 .1 7 5 .8 0 0 7 in 1 91 6
1 0 0 2 2 . 3 9 5 . 1 2 0 8 In 1 9 1 6
5 .0 0 0 .
0 0 06 g
1 ,0 0 0
6 g
1 ,0 0 0
1 .2 8 1 .0 0 0
1 .0 0 0 .
0 0 06 Z
1 ,0 0 0
5 g
4 .0 5 9 .0 0 0
1.000
6
4 0 0 .0 0 0
1 ,0 0 0
1 ,0 0 0 A o 1 0 .7 0 1 .0 0 0
5 A 6
5
9 .1 7 1 . 0 0 0
1 ,0 0 0 A o
.0 0 0 .
000 5
1 ,0 0 0 A c
4
1 ,0 0 0 A o 1 8 .6 3 2 .0 0 0

1

10

secu red

a m o u n t s Issu e d e x c e p t g e n . M . f o r r e fu n d i n g p u r p o s e s , s o t h a t e v e n t u ­
a l l y t h e G e n . a n d R e f . b o n d s w ill b e c o m e a n a b s o l u t e f ir s t lie n .
F u rth er
b o n d s m a y b o Issu ed fo r Im p r o v e m e n ts , b e tte r m e n ts , a c q u is itio n s , c o n s t r u c ­
t io n , e q u ip m e n t . A c .
O f t h e b o n d s , $ 1 5 4 ,4 8 9 ,5 0 0 h a v e b e e n Issu e d h i e x ­
c h a n g e f o r C h i c . M l l w . A P u g e t S o u n d 1 st 4 s ( le a v in g o n l y $ 2 8 ,1 7 5 ,0 0 0 o f
th e la tte r o u t s t a n d in g ).
O n D e c . 3 1 1 9 1 6 t h e t r e a s u r y h e ld a v a i l a b l e
$ 1 0 7 ,2 5 9 ,2 0 0 o f t h e n e w b o n d s I s s u e d f o r s a i d e x c h a n g e a n d a g a in s t
im p ts ., & c.
A b l o c k o f $ 2 5 ,0 0 0 ,0 0 0 w a s s o l d in J a n . 1 9 1 7 .
V . 104. P ; 451;
1 7 0 1 ; V . 1 0 0 , p . 3 0 7 ; V . 9 7 , p . 1 6 6 2 .1 5 8 3 ; V . 9 8 , p . 7 3 , 3 0 3 , 3 8 6 , 1 2 4 4 , 1 3 1 o ,
1766; V . 99, p . 1450.
.
.
I n J a n . 1 9 1 5 $ 2 9 ,0 8 9 ,7 0 0 G o n . A R e r . M . b o n d s , h a v i n g b e e n u n d e r w r it ­
te n , w e re o ffe r e d t o s to c k h o ld e r s a t p a r .
T h i s b l o c k o f b o n d s Is c o n v e r t i ­
b le In to c o m m o n s t o c k a t p a r fo r 10 y e a rs b e g in n in g F e b . 1 9 1 6 .
V . 100,
p . 139, 228. 307 , 811 , 900 . 981; V . 101, p . 287.
Abstracts o l d e r m o r t g a g e s , V . 4 5 . p . 1 1 4 , 1 4 4 . 2 1 2 ; V . 4 8 , p . 8 3 0 .
T h e General mortgage o f 1 8 8 9 (s e e abstract in V . 4 8 . p . 8 3 0 ; V . 9 6 . p . 1 0 8 8 ,
1 1 5 6 ; V . 9 7 , p . 1 7 5 , 5 2 0 ; V . 9 8 , p . 3 8 6 ; c o v e r s t h o e n t i r o r a i lw a y p r o p e r t y
a n d fr a n c h is e s o f t h e c o m p a n y ( t h e r e i n d e s c r i b e d ) , s u b j e c t in A p r 1 9 1 7 t o
$ 4 9 ,4 5 3 ,0 0 0 p r i o r lio n s w h ic h a r e p a i d a s t h e y m a t u r e .
V . 89 , p . 1279,
1541. 1596. 1667; V . 103, p . 1114.
„
.
T h e $ 3 3 ,2 8 6 ,0 0 0 4 % 2 5 - y e a r d e b s , o f 1 9 0 9 a r e s e c u r e d b y n e w G o n . a n d
R e f. m tg e .
V . 8 8 . p . 1559; V . 8 9 . p . 12 2 3 . 1348„
„„
I n M a y 1 9 1 0 s o l d t o a g r o u p o f F r e n c h b a n k s 2 5 0 .0 0 0 .0 0 0 f r a n c s 1 5 - y e a r
4 % d e b e n t u r e s , e q u a ll y s e c . b y G e n e r a l a n d R e t . M t g e .
V . 90, p . 1424,
1 4 8 9 , 1 5 5 4 ; V. 9 1 . p . 3 8 , 1 7 1 0 ; V. 9 8 . p . 3 0 3 .
D o l l a r b o n d s w e r o I s s u e d in
1 9 1 5 -1 6 t o r e p l a c e 4 % 1 5 - y e a r F r e n c h l o a n b o n d s w h o n a n d a s s u r r e n d e r e d
b y ow n ers.
T h e se b o n d s are se cu re d b y a n e q u a l fa c o v a lu e o f th e F re n ch
b o n d s ( w h ic h in t u r n a r e s o c u r e d b y G o n . & R e f . M . o f 1 9 1 4 e q u a l l y w it h
o t h e r b o n d s ) , o n t h o b a s is t h a t 5 0 0 f r a n c s e q u a l $ 9 6 .3 5 3 3 .
I n J u n e 1916
a b o u t $ 3 5 ,0 0 0 ,0 0 0 o f t h o F r e n c h b o n d s h a d g i v e n p l a c e t o t h o s o d o l l a r b o n d s .
V. 1 0 2 . p. 3 1 4 ; V. 1 0 1 , p . 2 1 4 3 ; V. 1 0 2 , p . 1 6 2 5 .
T h e $ 4 9 ,9 8 0 ,8 0 0 4 H % d e b e n t u r e s o f 1 9 1 2 a r e c o n v e r t i b l e a t p a r i n t o
c o m m o n s t o c k a fte r J u n e 1 1 91 7 a n d p r io r t o J u n o 1 9 2 2 , a t th o o p t io n o f th e
h o l d e r s , w it h in 10 d a y s a f t e r a n y d i v i d e n d s h a ll b e c o m e p a y a b l e o n t h e
c o m m o n s t o c k a n d re d e e m a b le a t 105 a n d in t . a fte r J u n o 1 1 9 2 2 o n 9 0 d a y *
n o tice .
T h e y are secu red b y n ew G e n . a n d R e f. m t g e . V . 9 4 . p . 1 0 5 6 .
1 1 1 8 .1 5 6 5 ; V . 9 5 , p . 7 4 4 . 1 4 7 2 ; V . 9 6 , p . 2 8 4 . 7 8 9 ; V . 9 7 . p . 3 6 4 ; V . 9 8 .
P * O f t h e $ 1 8 1 ,6 6 4 ,5 0 0 C h i c . M l l w . & P u g e t S o u n d R y . 1 s t 4 s a s s u m e d o n
p u r c h a s e o f r o a d , $ 2 7 ,1 7 5 ,0 0 0 w e r e s o l d a n d $ 1 5 4 ,4 8 9 ,5 0 0 w o r e e x c h a n g e d
fo r O . M . & S t. P . G e n . & R e f. b o n d s a n d d e p o s ite d u n d e r th a t m o rtg a g e .
V . 9 2 , p . 593 , 659 . 7 2 5 . 1374; V . 9 3 . p . 1386. 4 8 8 ; V . 9 4 , p . 7 6 7 . 118 5; V . 9 8 .
p . 1692.
B o n d s c o v e r r o a d , t e r m in a ls a n d e q u i p m e n t , a n d r u n t o m a t u r it y .
T h o P u g o t S o u n d & W i ll a p a I l a r b o r R y . 5 % 5 - y e a r t r u s t g o l d c e r t i f ic a t e *
a r e s e c u r e d b y t h o e n t ir o s t o c k o f t h a t c o m p a n y u n d e r a n a g r e e m e n t p r o ­
v i d i n g t h a t t h o S t . P a u l s h a ll p u r c h a s e t h o s t o c k a t p a r o n J u n e 1 1 9 1 3
u n le s s t h e c e r t i f i c a t e s a r e s o o n e r r e d e e m e d .
V . 96, p . 1700, 1839.
F u n d e d d e b t In h a n d s o f p u b l i c J a n . 1 9 1 7 , $ 3 6 ,1 2 5 p e r m . ; V . 1 0 0 , p . 3 0 7 .
T h o e l e c t r i f i c a t i o n o f 4 4 0 m il o s o f t h o P u g e t S o u n d m a i n l i n o , c o n t r a c t e d
f o r in J a n . 1 9 1 3 w a s c o m p l e t e d i n F o b . 1 9 1 7 , a n d h a v i n g p r o v o d v e r y s u c ­
c e s s fu l , w ill b e c o n t i n u e d o v e r t h e C a s c a d e M t n s .
V . 104, p . 4 51 , 1489,
2116.
S ee V . 9 6 , p . 135; V . 9 7 , p . 1821; V . 101, p . 8 4 5 , 13b9, 1972; V . 102.
p . 436; V . 103, p . 1687.
E A R N I N G S . — l m o s . , f 1 9 1 7 ..............G r o s s , $ 3 2 ,9 5 3 ,8 8 0 ; n e t , $ 5 , 7 7 1 , 6 9 8
3 2 ,9 6 9 , 5 2 9 ; n o t ,
8 ,0 2 6 ,/1 5
J a n . 1 t o A p ril 3 0 .
\ 1 9 1 6 _______ G r o s s ,
A N N U A L R E P O R T .— F is ca l y e a r n o w o n d s D e c . 3 1 . R e p o r t fo r 6 m o s .
t o j D e c . 31 1 9 1 6 in V . 1 0 4 , p . 2 1 1 1 ; e d i t . , p . 1 0 7 6 .
6 M os. to — Years end. June 3 0 —
Dec. 31 T 6 .
1916.
1915. „
A v e r a g o m il e s o p e r a t e d . _______________
1 0 ,2 0 8
1 0 .1 3 0
1 0 ,1 3 0
F i n g e r e a r n h f g s . . . .................................$ 1 0 ,8 7 9 ,3 5 5 S 1 8 .9 2 3 .8 9 3 S 1 7 .9 5 2 .4 2 8
F r e ig h t e a r n i n f f s - - ___ __________4 2 , b l 1 ,7 0 3
7 6 ,0 3 6 * 0 9 7
6 3 ,9 o 3 ,7 .).)
M a i l , e x p r e s s , A c . , e a r n i n g s ___________
5 ,8 7 4 ,8 9 3
1 0 .6 8 6 ,4 9 4
9 ,5 2 9 , 1 4 7
T o t a l e a r n in g s
___ - __________- _____ $ 5 9 ,3 6 5 ,9 5 1 $ 1 0 5 ,6 4 6 ,4 8 4 8 9 1 ,4 3 5 ,3 7 4
M a i n t e n a n c e o f w a y a n d s t r u c t u r e s . . $ 6 , 0 1 0 , 6 7 8 $ 1 1 ,5 6 3 ,7 6 9 $ 1 0 ,3 7 7 ,1 8 5
M a i n t e n a n c e o f e q u i p m e n t -----------------8 ,9 4 0 ,0 9 0
1 6 ,5 1 8 ,4 7 6 1 3 ,7 3 7 ,0 3 5
T r a n s p o r t a t i o n a n d t r a f f i c ------------------ 2 1 , 9 3 3 , 2 8 4
3 9 ,6 2 7 , 5 9 8 3 7 ,4 5 4 ,7 6 2
T a x e s _____ __ _______________________
2 ,9 3 6 ,2 9 2
5 ,2 6 4 ,,1 3 1
4 , 7 4 6 ,7 2 1
M i s c e l f a n e o u s ____________________________
4 1 0 ,3 2 3
1 ,4 1 1 ,1 1 4
4 0 2 ,1 1 9
T o t a l o x p e n s e s a n d t a x e s ....................... $ 4 0 ,2 3 0 ,6 6 8 $ 7 4 ,3 8 5 ,2 8 9 $ 6 6 ,6 1 8 ,4 2 2
N e t e a r n in g s _____________________________ $ 1 9 ,1 3 5 ,2 8 3 $ 3 1 ,2 6 1 ,1 9 5 $ 2 4 ,7 1 6 ,9 o 2
T o t a l n e t I n c ., i n c l. “ m l s c . ” ( b e l o w ) . 2 0 , 4 6 3 , 6 8 2
3 4 ,6 2 0 ,6 4 0
2 8 ,3 6 6 ,6 6 ;>
Deduct— B o n d , & c . , I n t e r e s t .................... 7 ,7 9 7 ,2 0 2
1 5 ,6 0 4 ,2 6 2
1 4 .6 3 6 ,2 9 8
U I r o o f e q u i p m e n t ______________________
7 1 5 ,4 4 2
9 0 8 ,1 3 2
1 7 3 ,8 0 9
8 7 1 ,5 0 3
R e n t s p a i d ________________________________
5 5 3 ,0 3 0
1 ,0 3 9 ,9 0 7
7 1 6 ,7 7 2
M i s c e l l a n e o u s ____________________________
2 2 6 ,1 0 2
3 5 0 ,9 8 3
8 ,1 0 9 ,2 0 6
P r e fe r re d d iv id e n d s ( 7 % p . a . ) - . - - - 4 .0 5 4 ,6 0 3
8 ,1 0 9 ,2 0 6
C o m m o n d i v i d e n d s ............................( 2 ^ % ) 2 , 9 3 5 , 1 5 0 ( 5 ) 5 , 8 7 0 , 3 0 0 (4 ^ ) 5 2 5 7 8 5 4
B a la n c e , s u r p lu s o r d e f i c i t ______ s u r .$ 4 ,1 8 2 . 1 5 2 s r $ 2 , 7 3 7 , 8 5 1 d f $ l , 3 9 9 , 1 7 7
“ M is c e l l a n e o u s " in c lu d e d in " t o t a l n e t I n c o m e " f o r 6 m o n t h s t o D e c . 31
1916.
I n t . o n b o n d s o w n e d , $ 2 1 ,4 3 1 ; d i v s . o n s t o c k o w n e d , $ 9 2 ,0 9 9 ; i n t .
o n o t h e r s e c u r it i e s , lo a n s a n d a c c o u n t s , $ 6 7 9 ,9 3 4 ; r o n t s , $ 2 7 1 ,3 5 4 ; o t h o r ,
$263 581.
O F F I C E R S . — P r e s i d e n t , A . J . E a r l l n g , C h ic a g o ; V . - P s . , P L R . W i ll ia m s ,
N . Y . ; J . I I . l l l l a n d , E . 3 . K c e l e y , E . D . S o w a ll a n d D . L . B u s h . C h i c a g o ,
a n d II . B . E a r lin g , S e a ttle , W a s h .; V .-P r e s . a n d A s s t. S e c .. C . B . F e r r y ,
N . Y . ; T r e a s . , F . G . R a n n c jL C h i c a g o ; S e c . , E . W . A d a m s . M il w a u k e e .
( • ./D ir e c t o r s .— I I . R . W i ll ia m s , S a m u e l M c R o b e r t s , W i l l i a m R o c k e f e l l e r ,
D o n a l d G . G e d d e s , J o h n A . S t o w a r t , P e r c y A . R o c k e f e l l e r , W a l t e r P . B li s s ,
E . S . H a rk n e s s , J o h n D . R y a n , N o w Y o r k ; J . O g d e n A r m o u r , S ta n le y
F i e l d a n d A . J . E a r l i n g , o f C h i c a g o , a n d L . J . P e t i t , o f M il w a u k e e .
N. Y.
o f f i c e . 4 2 B r o a d w a y . — ( V . 1 0 4 , p . 1 4 8 9 , 1 7 0 1 , 2 1 1 1 , 2 1 1 6 . 2 5 5 2 .)
C H I C A G O & N O R T H W E S T E R N R Y .— (S ee M a p . ) — O p e r a t e s a n I m ­
p o r t a n t s y s t o m o f r o a d s u n i t in g C h i c a g o , 111., w i t h O m a h a , N e b . ; S t . P a u l
M i n n . , w it h t h e g r e a t w h e a t b e lt s o f D a k o t a , N e b r a s k a , A c . , a n d w it h t h e
m in in g r e g io n s o f M i c h i g a n a n d t h e B l a c k H il l s , 8 , 1 0 8 m ile s J a n . 1 1 9 1 7 , v l z . :




When
Payable

Rats
%

Amount
Outstandino

b y th e G e n . A R e f.

Places Where Interest an
Dividends are Payable

Last Dlvidena
and Maturity

A
S M ar
A
,S M a r
A
J J u ly
A
J J u ly
A
J J u ly
A
J Jan
A
J J u ly
A
J J u ly
A
J Jan
A
J J u ly
A
J M ay
M ay
Q—J
J
A
J M ay
M ay
Q -J
J
A
J M ay
M ay
Q—
J
A
D June
J
A
D June
J
A
J J u ly
J
A
D June
J
A
D June
J
A
D June
J
A
J Jan
A
A
O Jan
A
A
O Jan
F
A
A Jan
J u ly
Q— J
J u ly
Q— J
M ay
M A N
J
A
J J u ly
M A S M oh
F
A
A F eb
A
A
O O ot
A
A
O O ct
M A
N M ay
A 15 A O A p r
F 15 A A A u g
M
M
J
J
J
J
J
J
J
J
J

1 ’ 16. 2 K
1 '1 6 , 3 «
1 1919
1 1920
1 1920
1 192 1
1 192 1
1 1921
1 1924
1 1926
l 1989
l 1989
1 1989
l 1989
1 1989
1 1989
1 1934
1 1934
1 1934
1 1925
1 1925
1 1932
l 1949
1 2014
1 2014
1 2014
1 1 91 7 I K
1 1 91 7 2 %
1 192 1
1 1924
1 1925
1 1929
1 1922
1 1929
1 1933
15 1 92 1
15 1 9 2 6

N Y O ffic e 4 2 B r o a d w a
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
PO
do
do
do
do
do
do
do
P a r is a n d L o n d o n
N Y o ffic e 42 B ro a d w a y
do
do
do
do
do
do
do
do
do
do
C o ’ s o f f i c e 111 B ' w a y , N v
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

M tg e.

Miles.
Road owned in fee—
Miles.
39
M a i n lin e s , & c _____________________ 7 , 9 4 6 J a m e s R i v & N o r W e s t ( l e a s e d ) .
I o w a S o u t h e r n --------------------------12
Entire stock owned—
77
W o l f R i v e r V a l l e y _________________
2 S u n d r y t r a c k a g e ---------------------915
D o P u e L a d d & E a st, (lo a s e d )..
3 S e c o n d t r a c k ___________________
B e llo F o u r c h o V a lle y ( l e a s e d ) . .
2 4 A l s o h a s l a r g o i n t e r e s t in C h i c .
S t . P a u l M i n n & O m a h a --- 1 ,7 5 3
M a c o u p in C o u n ty E x te n s io n ..
4
T h r o u g h p a s s e n g e r s e r v ic e b e t w e e n C h i c a g o a n d P a c i f i c c o a s t Is m a i n - t a l n e d v i a U n io n P a c i f i c .
V . 93. p . 1667: V . 9 4 . p . 6 97 .
H I S T O R Y , A c . — A V a n d e r b i lt lin e ( V . 7 5 . p . 1 0 8 6 ) o r g a n i z e d In 1 8 5 9 .
C A P I T A L S T O O K .— O f th e o o m . s t o o k . $ 2 ,3 3 8 ,5 0 2 , a n d o f th e p r e f. $ 3 .­
8 3 5 a d d it i o n a l t o a m o u n t s s h o w n a s o u t s t a n d i n g in t a b l e a b o v e w e r e in
t r e a s u r y In J a n . 1 9 1 7 .
P r e f . s t o c k h a s p r i o r r ig h t t o 7 % ; t h e n c o m . 7 % ;
t h e n p r e f . 3 % ; t h o n c o m . 3 % : t h e n b o t h c la s s o s s h a r e .
V . 8 9 , p . 1482.
T h o h o l d e r s o f t h o $ 1 3 0 ,1 1 7 ,0 2 9 c o m m o n a n d $ 2 2 ,3 9 5 ,1 2 0 p r o f , s t o c k o f
r e c o r d M a r c h 1 1 91 7 w e ro g lv o n t h o r ig h t t o s u b s c r ib e a t p a r o n o r b e fo r e
A p r i l 7 , w i t h p a y m e n t In f u ll o n o r b o f o r o t h a t d a t e , f o r a n a d d i t i o n a l 1 0 %
o f c o m m o n s t o c k . In a ll $ 1 5 ,2 5 0 ,9 5 0 , in c r e a s in g t h o o u t s t a n d i n g c o m m o n t o
S 1 I n ’J u / y d 9 1 7 U .' p \ ° s y s ? e m ° (O r e g o n S h o r t L in e ) o w n e d $ 4 , 0 1 8 , 7 0 0 s t o o k .
a n d C h . & N . W . o w n o d $ 3 , 9 1 0 , 5 7 6 U n io n P a c i f i c p r o f , s t o c k

ntxrrnwM na_

x 'Qft-'OQ »Q/t 'OR 'Qft-'OQ. *00. 1901-

4
5 y ’ ly
6
6
7 y e a r ly
O o m m o n _____________ } 6 y ’ l y
- 7 y e a r l y --------------------------— 8 y ’ l y —
P r e f e r r e d _____________ J--------------B O N D S . — General Mortgage.— S e e A b s tra ct In V . 6 5 , p . 1 1 7 5 .
Th®
.a u t h o r iz e d Issu e Is $ 1 6 5 ,0 0 0 ,0 0 0 ( U . S . T r u s t C o . , t r u s t e e ) ; $ 1 3 1 ,6 4 5 .0 0 } }
w e r o r e s e r v e d t o r e t ir o u n d e r l y i n g b o n d s ( o f w h i c h $ 6 2 ,1 3 7 ,5 0 0 w e r o s t i u
t o m a t u r o D e c . 31 1 9 1 6 ,) a n d r e m a in d e r f o r a d d i t i o n s a n d I m p r o v e m e n t s .
6 4 .0 0 0 ,0 0 0 a t o n c e a n d $ 1 , 0 0 0 , 0 0 0 a y e a r t h e r e a f t e r .
V . 6 5 . p . 1070: V . 6 5 ,
p. 69. 111. 571; V . 75. p. 980; V . 8 8 , p. 2 80 . 663.
I n J a n . 1 9 1 7 there w ere
$ 3 0 ,8 1 7 ,0 0 0 G e n . 3 H * . $ 3 0 ,5 5 4 ,0 0 0 4 s a n d $ 1 7 ,9 7 2 ,0 0 0 5 s o u t s t a n d i n g ; th ere
w as h e ld in t h o s in k i n g f u n d s $ 4 9 9 ,0 0 0 , a n d t h e r o w a s o w n e d b y th o c o m ­
p a n y o r d u o f r o m t h e t r u s t e e $ 5 , 2 3 9 , 6 0 0 b o n d s . O u t s t a n d in g G e n e r a ls a r e
fr e e f r o m a ll t a x e s e x c e p t $ 8 , 0 5 4 , 0 0 0 4 s , s o l d in M a y 1 9 1 4 ; $ 1 0 ,0 0 0 ,0 0 0 5 *
s o l d in D e c . 1 9 1 4 a n d $ 8 ,0 0 0 , 0 0 0 5 s s o l d in F e b . a n d M a y 1 9 1 6 , a n d $ 2 , ­
9 7 2 ,0 0 0 5 s s o l d M a y
1 1916, and
s t a m p e d 'F e d e r a l i n c o m e t a x n o t
assum ed b y C o .”
V . 9 1 , p . 1385; V . 8 0 , P- 1489: V . 9 2 , n . 117. 1178; V .
9 3 . p . 1 6 6 7 : V . 9 8 , p . 1 4 5 9 , 1 5 3 6 . 1(508. 1 9 9 3 ; V 9 9 . P - 1 7 4 8 ; V . 1 0 0 . p .
1078; V . 102. p . 608; V . 103, p . 493 .
G o n . M t g o . b o n d s o f 1987 o u ts ta n d in g
D e c . 31 1 9 1 6 , b u t o w n e d b y c o m p a n y a n d d u o f r o m t r u s t e e , $ 4 ,6 3 2 , 1 0 0 .
T h o $ 4 ,0 1 8 ,0 0 0 W in o n a & S t. P e te r R R . 1 st M . b o n d s w o re p a id o f f o n
1)1T h cS fn fc itn a °Euiut t?on<is'o1]\879 a r e s e c u r e d b y d e p o s i t in t r u s t o f $ 1 2 ,8 6 0 . ­
0 0 0 o f 1 st M . b o n d s a t $ 1 5 ,0 0 0 p e r m ile o n s u b s i d i a r y lin e s , t h o m o s t Im ­
p o r t a n t b e i n g d e s c r ib e d I* " S u p p l e m e n t ” o f M a y 1 8 9 4
O f t h e s in k in g f u n d
b o n d s o f 1 8 7 9 . $ 5 , 1 4 8 ,0 0 0 a r e 6 s ; t h e s in k in g f u n d is a t le a s t 1 % o f o u t ­
s t a n d i n g b o n d s , w h lo h a r e s u b j e c t t o c a ll a t 1 0 5 , a n d t h r o u g h Its o p e r a t i o n
t h o s e o u t s t a n d i n g h a v e b e e n r e d u c e d f r o m $ 1 5 ,0 0 0 ,0 0 0 t o a m o u n t in t a b l e .
T h e Extension bonds o f 1 8 8 6 a r e s e c u r e d b y d e p o s i t I n t r u s t o f fir s t m o r t ­
g a g e b o n d s a t a r a t e n o t e x c e e d i n g $ 2 0 ,0 0 0 p e r m il e .
I n o l u d e d In t h e c o l l a t ­
e r a l J u l y 1 1 9 1 6 w e r e $ 1 0 ,6 7 5 ,0 0 0 F r e m o n t E l k h o r n A M o . V a ll e y l s t s a n d
$ 2 ,5 6 0 ,0 0 0 W y o m i n g C e n tr a l l s t s ( c o n s o li d a t e d w it h * . E . A M . V . ) . A c .
T h e Fremont Elkhorn A Missouri Valley c o n s o l s h a v e a n r s t lie n o n 1 ,2 4 1
m ile s ( F r e m o n t , N o b . , t o D o a d w o o d , S . D . , a n d b r a n c h e s t o I l a s t i n g ,
A l b i o n . & c . ) : b u t b e s id e s t h o a m o u n t o f Is s u e g i v e n a s o u t s t a n d i n g In t h e
t a b l e , $ 1 0 ,6 7 5 ,0 0 0 ( a lo n g w i t h $ 2 , 5 6 0 , 0 0 0 W y o m i n g C e n t r a l f ir s t s a F . E .
& M
V . ls s u o ) a r o h e l d a s p a r t c o ll a t e r a l f o r C h i c a g o & N o r t h W e s t e r n
e x t e n s io n b o n d s o f 1 8 8 6 .
T h o $ 3 , 0 9 8 , 5 0 0 N . W . U n io n R y . 7 s , d u o J u n o 1
1917, w e ro p a id o ff.
V . 104 , P- 1701.
. ,
.
Milwaukee Sparta & Northwestern Ry. 1 s t M . b o n d s (a s s u m e d In A p r i l
1 9 1 2 ), r o a d m e r g e d In O . A N . W .
V . 9 4 , p . 4 1 6 , 10o6, 1185.
In J a n .
1 9 1 3 s o ld $ 2 , 5 0 0 ,0 0 0 D o s P la in o s V a ll o y R y . (a s s u m e d M a r c h 1 9 1 3 ) a n d
in F e b . 1 9 1 3 $ 1 , 1 2 0 , 0 0 0 S t . P a u l E a s t e r n G r a n d T r u n k R y . g u a r . 4 ) ^ s , a n d
in O c t . 1 91 3 $ 1 0 ,0 0 0 ,0 0 0 S t . I/. P e o r ia & N . W . R y . g u a r . 5 s ( a s s u m e d ) .
V . 9 6 p . 2 0 1 , 7 8 9 ; V .< ) 7 . p . l2 0 3 : V . 9 8 , p . 9 9 9 ; V . 9 9 . p . 8 ‘2 9 ; V . 1 0 0 .p . 1 6 7 1 .
E q u ip m e n t tru s ts o f 1 91 7. V . 10 2 , p . 9 5 1 .
S o r le s “ D ” o f 1 9 1 3 o u t s t a n d ­
in g D e c . 31 1 9 1 6 , o w n e d b y c o m p a n y a n d d u o f r o m t r u s t e e s , $ 2 , 8 0 0 , 0 0 0 .
E A R N I N G S . — 4 m o s . , ( 1 9 1 7 ..............G r o s s , $ 3 0 ,7 5 6 ,1 9 3 ; n o t , $ 5 , 3 1 8 , 6 1 8
28,806.619; n o t , 7,127,793
J a n . 1 t o A p r i l 30.
\ 1916 _______ G r o s s ,
R E P O R T .— F is c a l y e a r n o w o n d s D e c . 3 1 .
R o p o r t f o r 1 9 1 5 -1 6 a t le n g t h
in V . 1 0 3 , p . 1 1 1 3 , 1 1 2 4 , a n d f o r h a l f -y e a r t o D o c . 3 1 1 9 1 6 in V . 1 0 4 , p .
1271 1 ° 5 7 .
“ I N C O M E A C C O U N T . — F o r 6 m o s . a n d 12 m o s . e n d i n g D e c . 3 1 :
— 6 Mos. end. Dec. 3 1 ---------- Years ending Dec. 3 1 —

1916.

1915.

1916.

1915.

ST£S::::i8 :a ®

D i v i d e n d ____
............
O t h e r I n c o m e ____________

„„

728^
7 1 1 ,6 8°6

6521064

1:411:541

I S ! ! !

G r o s s i n c o m e .....$ 1 8 ,0 7 0 ,0 2 5
$ 1 4 ,7 9 5 ,6 7 9 $ 3 0 ,7 9 4 ,9 0 4 $ 2 5 ,0 8 1 ,3 2 1
R e n t a ls , A c ..............
$ 6 8 4 ,6 5 9
$ 5 5 2 ,9 1 2
$ 1 ,0 5 7 ,6 7 1 $ 1 ,0 4 0 ,1 2 2
In te re st o n fu n d e d d e b t .
4 ,6 7 3 ,2 1 5
4 ,0 1 7 ,0 3 1
9 ,3 6 8 ,3 0 9
9 ,3 3 8 ,6 2 1
S in k in g f u n d s
_____
1 0 5 ,6 7 0
1 2 2 ,6 6 5
1 9 9 ,5 7 5
2 0 8 ,4 8 6
P re fe rre d d i v i d e n d s . ._ ( 4 % ) 8 9 5 , 8 0 0
( 4 ) 8 9 5 , 8 0 0 ( 8 ) 1 .7 9 1 .6 0 0 (8 1 .7 9 1 ,6 0 0
C o m m o n d i v i d e n d s . . ( 3 ^ ) 4 , 5 5 4 ,0 0 7 ( 3 ^ ) 4 5 5 4 0 0 7 ( 7 ) 9 , 1 0 8 , 0 1 5 ( 7 ) 9 , 1 0 8 , 0 1 5
B a la n c e , s u r p l u s ______ $ 7 , 1 5 6 , 6 7 4
$ 4 ,0 5 3 ,2 6 4
$ 9 , 2 6 9 , 7 3 5 $ 3 , 5 9 4 ,4 7 7
O F F I C E R S . — M a r v i n H u g h i t t , C h a ir m a n ; P r o s ., R . 1 L A l s h t o n , C h i ­
c a g o ; V .- P s ., S . A . L y n d o , II. R . M c C u llo u g h , M a r v in n u g h lt t J r . an d
E . M . H y z e r ( V . - P . A G o n . C o u n s o l) ; S e c . , J . D . C a l d w e l l , C h i c a g o ; T r o a # .,
A . S . P ie r c e , l i t B r o a d w a y , N o w Y o r k .
D i r e c t o r s — M a r v i n H u g h i t t ( C h a i r m a n ) . C h ic a g o ; W . K . V a n d e r b i lt ,
F . W . V a n d e r b i lt , H a r o ld S . V a n d e r b i lt , C h a u n c o y M . D o p o w .J a m o s
S t i ll m a n . W . K . V a n d e r b i lt J r . , N . Y . ; C y r u s H . M c C o r m i c k , C h a u n c o y
K e e p , J o h n V . F a r w o l l, R . I I . A l s h t o n . E . M . H y z e r , C h ic a g o ; I I . O .
F r i c k , P i t t s b u r g h . P a .; D a v i d P . K i m b a l l , O liv e r A m o s , B o s t o n ; Z e n a *
C r a n e , D a lt o n , M a s s .; H o m e r A . M lllo r , D o s M o in e s .— ( V . 1 04 , p . 8 6 2 ,
9 5 1 . 1 1 3 8 , 1 2 5 7 , 1 2 6 3 . 1 7 0 1 .)

RAILWAY STOCKS AND BONDS

J une . 1917.
R A IL R O A D C O M P A N IE S

tF or abbreviations, A c ., see notes on first page]
C h ic a g o & N o r t h W e s t e r n (C o n )—
G o n g o l d b o n d M S 1 6 5 .0 0 0 .0 0 0 ....................U s .x c * & r
do
do
do
r e g is t e r e d .-x
do
do
do
x and y o ’
do
do
d o x a n d y r e g is t e r e d ..
do
do
do
yc*& r
M tlw & S t a t e lin e 1 s t M g g u ( V 8 8 . p 230 ) . F . x o » & r
O & N * W e q u i p t r 1 9 1 2 . S e r A . 5 3 0 0 ,0 0 0 y l y F . z c * r
do
d o s e r . B $ 3 0 0 ,0 0 0 y r l y ................................z
do
d o s e r . O $ 4 0 0 ,0 0 0 y r l y s e e t e x t - F . z c *
do
( 5 1 0 . 0 0 0 , 0 0 0 ) In s e r ie s d u o 1 -1 0 y ' r l y . - F c *

Miles Date
Road Bonds
5 .0 4 7
5 ,0 4 7
5 .0 4 7
5 ,0 4 7
5 .0 4 7
50
___

Branch Line Bonds Assumed

1897
1897
1897
1897
1897
1906
1912
1912
1913
1917

90 1898
B o y e r V a ll e y R y 1 s t M g $ 1 6 ,0 0 0 p e r m l l e F . z e '& r
11 9 1 8 9 9
M in n & l a R y 1 s t M g o l d $ 1 6 ,0 0 0 p e r m l l e . F . z c ' & r
26 1899
M a n k a t o & N e w U lm 1 s t M g o l d $ 4 1 6 ,0 0 0 - F z c » & r
105 1901
P r i n c e t o n & N o r t h w 1 s t M $ 2 ,1 0 0 ,0 0 0 g o l d . F . z c & r
85 1901
P e o r i a & N o r t h w e s t 1 s t M $ 2 ,1 2 5 ,0 0 0 g o l d . F . z c A r
1 2 5 1 90 1
S i o u x C it y & P a c i f i c 1 st M g o l d $ 4 , 0 0 0 , 0 0 0 - F . z c & r
33 1900
M in n & S o D a k 1 s t M g o l d $ 5 2 8 ,0 0 0 ...............- - - F . z c *
195 1900
I o w a M in n e s o t a A N o r t h w e s t e r n 1 s t M g - . F . c z ’ & r
179 1912
M il S p a r t a & N W 1st M g $ 1 5 ,0 0 0 ,0 0 0 g u F x c * & r »
1912
D e e P l a in e s V a l l e y R y 1 s t M $ 2 , 5 0 0 , 0 0 0 - F . x c * & r *
11 4 1 9 0 6
M a n lt G r B a y & N W 1st M g g u ( V 8 8 . p 2 3 0 ) F .z c * & r
80 1913
S t P a u l E a s t G r T r k 1st M g g u
...x c * & r *
1 1 5 1 91 3
S t L P & N W M g g u a r (V 9 7 , p 1203) . .F , y c * r *
F r o m E l k & M V o o n s M $ 2 5 ,0 0 0 p e r m ile a s s u m e d i 1 ,1 7 0 18.83
2 35 1900
C h ic P e o & St L R P — P r io r lie n M g c a l l a t 1 0 7 H E q ,x c *
G e n a n d R e f u n d i n g M $ 1 5 ,0 0 0 ,0 0 0 g o l d red t e x t . _ x
1913
E q u i p m e n t n o t e s S e r ie s A d u o $ 5 9 ,0 0 0 y e a r l y - ------C h ic R i v & I n d — 1 st M g o l d g u a r p & i . . .
- M C .x c *
1911
C h i c a g o R o c k I s l & P a c — To be Outstanding unde rPlan
—
—
N e w c o m m o n s t o c k $ 7 5 ,0 0 0 ,0 0 0 -----------------------------------—
7 % p f s t k c a l l 105 1 ( 5 % c u m ) s a m e p f a s t o a s s e t s . —
___
_____
6 % p f s t k c a l l 1 0 2 | d iv s a f t e r 1 % o n 7 % p r e f ...............
1898
G e n e r a l m o r t g a g e $ 1 0 0 ,0 0 0 ,0 0 0 g o l d . _
B a .x o * & r 2 .4 8 6
C o l l t r M g ( C h o c t a w ) S e r O & P c a ll l O l H - x C e . c *
1902
F i r s t & R e f M $ 1 6 3 ,0 0 0 ,0 0 0 g -------------------- C e . x c * & r
Text
1904
In a d d i t i o n , s i n k i n g f u n d J u l y 1 9 1 5 h e l d _________
e a ls o o n h a n
$ 3 8 .0 0 0 in s . f

Par
Value

Amount
Outstanding

37
Last Dividend
and Maturity

When
Payable

Rate
%

Places Where Interest and
Dividends are Payable

do
1000 & ol m $31316000
3 H 8 M db N N o v 1 1 9 8 7
do
Q— F
N ov 119 87
3M g
1000 & cf
do
M de N N o v 1 1 9 8 7
4
1 .0 0 0 deal 3 0 .5 5 4 . 0 0 0
do
N ov 11987
Q— F
4
l,00 0dcO J
do
M dc N N o v 1 1 9 8 7
5 g
1 .0 0 0 dec 1 7 .9 7 2 .0 0 0
do
& j ; J a n 1 1 94 1
2 .5 0 0 .0 0 0
1 .0 0 0 dec
3H K
F a rm ers L A T r
J J u l y • 1 7 -1 9 2 2
1 . 8 0 0 .0 0 0
4 *
1 .0 0 0 dec
do
de O O c t ’ 1 7 -1 9 2 2
1 .0 0 0 dec
1 ,8 0 0 , 0 0 0
4H
do
dc
J J u l y •1 7 - 2 3
2 .8 0 0 .0 0 0
1 .0 0 0 dec
4H
- . 1 .0 0 0 d c c N ’n e J ’ n e ’ 1 7 5 s e m i - a n D u e l - 1 0 t h y ' l y

at

1 ,0 0 0 dec
1 .4 4 0 .0 0 0
1 .0 0 0 dec
1 .9 0 4 . 0 0 0
1 ,0 0 0
P 4 1 6 .0 0 0
1 .0 0 0 deo n 2 , 1 0 0 .0 0 0
1 .0 0 0 dec
2 .1 2 5 .0 0 0
1 .0 0 0 dec 0 4 . 0 0 0 .
000
1 .0 0 0
5 2 8 .0 0 0
1 .0 0 0 dec
3 .9 0 0 .0 0 0
1 ,0 0 0 u l 5 0 0 0 .0 0 0
1 . 0 0 0 dec
2 .5 0 0 .0 0 0
1 .0 0 0 deo
3 .7 5 0 .0 0 0
1 .0 0 0 dec
1 .1 2 0 . 0 0 0
1 .0 0 0 dec rlO.OOD.OOO
1 .0 0 0
7 .7 2 5 . 0 0 0
2 .0 0 0 ,0 0 0
1 .0 0 0
2 .8 5 0 . 0 0 0
1 ,0 0 0
4 1 3 .0 0 0
1 .0 0 0
7 6 5 .0 0 0

3M

g
3 H g

&
&

3 K t
3H E
3 Ml g
3M g

de
de
de
dc
di
de
de
de
dc
de
de
dc

&

3H g

3H e
4 g
4H
4H

*

i

4 tt g
6 .
5 g

$ 1 0 0 $ 7 4 ,3 5 9 ,7 2 2
100 2 9 ,7 4 3 ,8 8 9
000
100 2 5 .0 0 0 .
4 K
1 .0 0 0 tea 6 1 . 5 8 1 , 0 0 0
1 .4 9 4 .0 0 0
1 .0 0 0
I s
5 0 0 dec a l l l 1 4 0 0 0 0
d $ 6 4 .0 0 0 ; g $ 2 3 0 ,0 0 0 : h $ 9 7 0
6 . 1 9 9 . 0 0 0 in t r e a s .o r p

M
A

X&

D D eo
D June
O O ct
JJan
S M ch
A lA u g
J Jan
jjja n
S M ch
S M ch
J Jan
J Jan
J J u ly
O iO c t
S M ch

1 1923
1 1924
1 1929
1 1926
1 1926
1 1936
1 1935
1 1935
11947
1 1947
1 1 94 1
1 1947
1 1948
1 1933
1 1930

N T n 'N n v 1 1923
O O ct 1 1925

J
A
J
M & ' N
A
A
O
,0 0 0 : m
le d g e d a s

do
do
do
do
do
do
C o, N Y
do
do

C o ’ s o f l i o e , 11 1 B r o a d w a y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
S e p t '1 5 c o u p n o t p a i d
M erch N a t B a n k , B o s t

F irs t N a t B a n k , N Y
Jan 1 1988
do
do
M ay
1918
do
do
A p r 1 1934
$ 4 ,1 0 1 ,0 0 0 o n h a n d :
$ 4 9 9 ,0 0 0
(a ls o
c o l l . J ’ n e 3 0 ’ 15 u $ 2 1 2 ,0 0 0

______
6 % Pref. Stock, c a l la b le a t 1 0 2 .
P r e s e n t l y a u t h . , $ 3 5 ,0 0 0 ,0 0 0 —
C H I C A G O P E O R I A & S T . L O U I S R R . — R O A D . — O w n s f r o m P e k in t o
I s s u a b l e t o a s s e n t in g d e b e n t u r e h o l d e r s ---------------------------------------- $ 2 0 ,0 0 0 ,0 0 0
G r a n it e C i t y , 111., 1 7 9 m ile s ; G r a n it e C it y t o M a d i s o n , 2 m ile s ; M a d is o n t o
S o l d t o f o r m e r d i r e c t o r s ( f o r r e o r g a n i z a t io n p u r p o s e s ) _____
5 , 0 0 0 ,0 0 0
B r id g e J e t . . 3 m .; H a v a n a t o J a c k s o n v il l e , 111., 4 2 m . ; b r a n c h , L o c k h a v e n
t o G r a ft o n . 8 m .; t o t a l o w n e d , 2 3 4 m .; t r a c k a g e . P e k in t o P e o r i a , 9 m .;
(2 ) Common Stock. T o t a l a u t h . , $ 7 5 ,0 0 0 ,0 0 0 ; n o w I s s u a b l e __ 7 4 ,3 5 9 ,7 2 2
lin o s o p e r a t e d , 1 m . ; t r a c k a g e , 2 0 m . ; t o t a l , 2 5 5 m ile s .
A n y p a r t o f s u c h p r e f . s t o c k n o t r e q u ir e d fo r t h e p u r p o s e s o f th o p la n
S u c c e s s o r , p e r p l a n V . 8 9 , p . 2 8 5 , 1 5 4 1 , o f railway f o r e c l o s e d N o v . 1 8
m a v b e p la c e d in t h e t r e a s u r y fo r g e n e ra l c o r p o r a t e p u r p o s e s .
T h e a u th .
1 9 1 2 . V . 9 6 , p . 1 3 5 . O n J u l y 31 1 9 1 4 P r e s . B l u f o r d W i ls o n o f S p r i n g f ie l d ,
111., a n d W i ll ia m C o t t e r o f S t . L o u i s w o r e a p p o i n t e d r e c e iv e r s .
V . 9 9 , p r e f . s t o c k s m a y n o t b e in c re a s e d a ft e r r e o r g a n iz a t io n e x c e p t b y v o t e o f
a m a j o r i t y o f e a c h c la s s o f s t o c k , v o t i n g s e p a r a t e l y .
p, 342.
S t o c k . $ 4 ,0 0 0 ,0 0 0 .
Committee for Prior Lien 4 J 4 s .— S i d n e y C . B o r g ( C h a i r m a n ) . J . N . B a b ­
(6 ) T h e r ig h t o f c u m u l a t i v e v o t i n g a t a ll e l e c t i o n s w ill b e p r o v i d e d .
c o c k . 3 7 W a l l S t . , S e c . ; E q . T r . C o . . N . Y . , d e p o s i t a r y . V . 9 9 , p . 6 7 3 . 1 52 7
Sale of Stock.— F o r t h e c a s h r e q u i r e m e n t s o f t h e p l a n , e s t im a t e d a t
Committee for Gen. A Ref. M . 4 M s. — F r e d e r i c k J . L is m a n ( C h a i r m a n ) ,
$ 2 9 ,7 4 3 ,8 8 9 , a p u r c h a s e a g r e e m e n t w a s e n t e r e d i n t o w it h S p e y e r & C o .
a n d A l f r e d S h e p h e r d ; G r a h a m A d a m s , 3 0 B r o a d S t . . S e e r ,; B a n k e r s T r u s t
a n d H a y d e n , S t o n e & C o . , w h o a g r e e t o p u r c h a s e , f o r t h e s u m o f $ 2 9 ,7 4 3 , ­
8 8 9 . le ss a c o m m i s s i o n o f 3 % , t h e $ 2 9 ,7 4 3 ,8 8 9 7 % p r e f . s t o c k a n d t h e
C o ., N . Y . , d e p o s ita r y .
M a jo r it y d e p o s ite d .
V . 99 . p . 1213, 1450, 1672.
$ 7 4 ,3 5 9 ,7 2 2 c o m m o n s t o c k t o b e p r e s e n t l y i s s u e d , a n d a u t h o r i z e d t h e c o m ­
B O N D S . — O f t h o G e n . dc R e f . M . b o n d s ( $ 1 5 ,0 0 0 ,0 0 0 a u t h . ) , o u t s t a n d ­
m it t e e t o o f f e r d e p o s i t in g s t o c k h o l d e r s a n o p p o r t u n i t y t o p a r t i c i p a t e .
i n g $ 2 , 8 5 0 , 0 0 0 , $ 2 , 0 0 0 , 0 0 0 r e s e r v e d t o r e fu n d p r i o r l ie n m t g e . b o n d s ,
T h o s e t t le m e n t w it h f o r m e r d i r e c t o r s in J a n . 1 9 1 7 , i n v o l v i n g s a le o f
$ 1 5 0 ,0 0 0 s e r v e d t o r e t ir e s a m e , a n d $ 7 0 0 ,0 0 0 r e s e r v e d f o r e x t e n s io n s ,
$ 5 , 0 0 0 , 0 0 0 6 % p r e f . s t o c k , b r o u g h t In a f u r t h e r $ 5 ,5 0 0 ,0 0 0 f o r r e o r g a n i z a ­
e q u ip m e n t a n d im p r o v e m e n ts ; $ 1 ,1 0 0 ,0 0 0 b e a r o n ly 3 % in te re s t fo r th e
t
i
o
n expen ses.
V . 104, p . 451.
fir s t s ix y e a r s .
T h e c o u p o n s d u e J u n o 1914 w e re d e fa u lte d .
V . 9 9 . p . 118;
Terms Offered Holders of Present Stock and Debentures.
a ls o S e p t . 1 9 1 4 c o u p o n s o n P r i o r L i e n 4 Mis.
N o t e s t o C a r T r u s t R e a li z a t io n C o . f o r $ 1 4 0 ,1 3 2 . p a y a b l e o n in s t a llm e n t s
( 1 ) D e p o s i t o r s o f t h e present stock ( $ 7 4 ,3 5 9 ,7 2 2 ) p a y i n g $ 4 0 a s h a r e ( $ 1 0
o u t o f s u r p lu s e a r n in g s .
E q u ip m e n t n o te s o f 1 9 1 3 , se e V . 1 0 2 , p . 162 5.
M a r c h 3 , $ 1 0 A p r i l 3 0 , $ 2 0 J u n e 1 4 ) w i l l r e c e iv e in e x c h a n g e f o r e a c h $ 1 0 0
s h a r e o f t h e ir s t o c k a n d f o r t h e c a s h p a y m e n t (a ) $ 1 0 0 n e w c o m m o n s t o c k ,
E A R N I N G S . — 4 m o s . , ( 1 9 1 7 ......................... G r o s s , $ 6 7 4 ,6 1 2 ; n o t , $ 8 8 ,8 8 3
(6) $ 4 0 n e w 7 % p r e f . s t o c k ( c a ll i n g , i f a ll a s s e n t , f o r $ 7 4 ,3 5 9 ,7 2 2 n e w c o m .
Jan . 1 to A p r. 3 0 .
\ 1 9 1 6 ......... ................G r o s s ,
5 6 9 ,8 9 5 ; n e t ,
7 6 ,8 4 4
a n d t h e $ 2 9 ,7 4 3 ,8 8 9 n e w 7 % p r e f . ) .
.
R E P O R T . — F o r f i s c a l y e a r e n d i n g J u n e 3 0 , In V . 1 0 3 , p . 1 7 8 8 .
( 2 ) Depositing Debenture holders ( $ 2 0 , 0 0 0 , 0 0 0 ) w il l r e c e i v e in c a s h t h e

Gross.

Net.aft.Tax. Oth.Inc. Int.,Ac.

Balance.

1 9 1 5 - 1 6 .................... $ 1 , 7 5 2 , 8 0 0
$ 2 6 0 ,0 0 6
$ 1 1 ,6 5 3
$ 1 6 6 ,4 7 2 s u r .$ 1 0 5 ,1 8 7
7 ,2 0 1
2 1 5 .2 2 1
d o f.
8 8 ,2 8 8
1 9 1 4 - 1 5 .................... 1 ,5 9 7 ,9 0 9 1 1 9 ,7 3 2
P r e s . , B l u f o r d W i l s o n , S p r i n g f ie l d , 111.; S e c . dc A u d . , I I . W . B e r g e r .
S p r i n g f ie l d , 111.; T r e a s . , F . J . W i l s o n . — ( V . 1 0 3 , p . 1 6 8 7 , 1 7 8 8 .)
C H I C A G O R I V E R & I N D I A N A R R . — O w n s 1 3 .1 1 m ile s o f t e r m in a l
r o a d ; A t c h . T o p . dc S . F . t r a c k a g e , 9 .1 1 m . ; P . C. O . dc S t . L . R y . t r a c k a g e ,
7 .4 3 m .; I n d . I I . B . R R . t r a c k a g e , 3 .1 2 m ; t r a c k a g e t h r o u g h U n io n S t o c k
Y a r d s , 9 .2 1 m . ; t o t a l o p e r a t e d , 4 1 . 9 8 m il e s .
S t o c k , a u t h o r i z e d , $ 1 ,0 0 0 ,0 0 0 ; o u t s t a n d i n g ,
$ 5 0 0 ,0 0 0 ; p a r , $ 1 0 0 .
C h i c a g o J u n c t i o n R y s . dc U n io n S t o c k Y a r d s C o . (s e e M i s c e l la n e o u s C o m ­
p a n ie s ) g u a r a n t e e s t h e b o n d s , p r i n . a n d i n t . , b y e n d o r s e m e n t .
V . 101, p .
773.
D iv i d e n d s 1 9 1 3 , 8 % ; 1 9 1 5 a n d 1 9 1 6 , 6 % . O f t h e 1 st 5 s ( $ 2 , 0 0 0 ,0 0 0
a u t h . ls s u o ), $ 7 6 5 ,0 0 0 h a v o b o o n s o l d ( V . 1 0 1 , p . 7 7 3 ) . T h e y a r e r e d . at
1 05 , b e g in n in g O c t . 191 6.
A d d it io n a l b o n d s m a y b o Issu ed fo r 6 6 2 -3 %
o f t h e c o s t o f a d d it i o n a l p r o p e r t ie s a n d f r a n c h is e s , b u t o n l y w h e n a n n u a )
e a r n in g s a r e t w i c e t h o I n t e r e s t c h a r g o s . I n c lu d in g b o n d s t h e n t o b e Issu e d
Y e a r e n d i n g J u n e 3 0 1 9 1 6 , g r o s s , $ 3 9 5 ,7 0 8 ; n e t , $ 1 4 6 ,5 3 7 ; o t h e r I n c o m e
$ 1 6 1 ,5 9 2 : l n t . , r e n t a l s , d e c ., $ 2 1 8 ,3 6 1 ; d l v s . ( 6 % ) . $ 3 0 ,0 0 0 ; b a l . . $ 5 9 ,7 6 8 .
P r e s . , dc T r e a s . , A . E . R a w s o n : A u d . , E . S . G e n t l e . — ( V . 1 0 1 . p . 7 7 3 .)
C H I C A G O R O C K I S L A N D & P A C I F I C R R . — C o m p a n y 's I n t e r e s M n
t h e Ralway (s e e b e l o w ) w a s f o r e c l o s e d In 1 9 1 4 .
V . 1 0 3 , p . 6 0 ,1 4 4 , 1031.
C H IC A O O
ROCK
IS L A N D
& P A C IF IC
R A I L W A Y .— T h e sy s­
t e m e x t e n d s f r o m C h i c a g o . 111., v i a O m a h a , N p b . . t o D e n v e r a n d C o l o ­
r a d o S p r in g s , C o l o . , a ls o t o M i n n e a p o l i s , K a n s a s C i t y , dec.
C o n n e c t s w ith
t h e S o u t h e r n P a c i f i c f o r P a c i f i c C o a s t s e r v ic e .

Owned in Fee (excl.trackage.) M iles.

Owned in Fee (Concluded)— M iles

C h ic a g o . 111., t o C o l . S p g s . , C o l . 1 ,0 6 3 B r a n c h l in e s ........................................... 2 ,1 5 7
D a v e n p o r t , l a . , t o T e r r a l , O k la . 7 0 7
Cap. Stk. all owned—
H e r in g to n , K a n ., t o T e x h o m a .
C h o c . O k la . & G u lt ( l e a s e d ) . . .
967
O k l a . . ................................................ 3 2 3 C h . R . I . & G u ll R y ...................
469
B u r l i n g t o n . I a . , t o M ln n ’ p . M ln n . 3 0 8 R o c k I s la n d , A r k . tc L a . R R . 3 8 5
V i n t o n , l a . , t o W a t e r t ’ n , S . D . 3 7 6 S t . P a u l dc K . O . S h o r t L i n e R R . 183
S t . L o u is , M o . , t o K a n . C i t y , M o . 2 8 4 R o c k I s l. dc D a r d a n e l le R y _____
14
B r a v o , T e x . ( N e w M e x . S t a t e lin e )
R o c k I s la n d S tu ttg a r t A S o . R y
21
t o S a n t a R o s a , N . M ...................._ H 2
Perpet. lease; treated as owned—
G le n r io ,
T e x ., t o T u o u m ca rl.
P e o r i a & B u r e a u V a ll e y R R . C o .
47
N . M ..................................... - ............... 4 2
T o t a l m ile a g e o w n e d d i r e c t l y a n d t h r o u g h c a p i t a l s t o c k , & o .............
7 ,4 5 9
Leased Lines (see statement for each)— W h i t e dc B l a c k R i v e r V a il . R y . C o
62
Trackage: D e n v e r . P u e b l o , K a n s a s C i t y ( V . 1 0 3 , p . 4 9 3 ) , d e c . ................. 6 0 2
B i r m in g h a m t o S h e f f i e l d , M o --------------------------------------------------------------------------8
T o t a l m il e a g e D e c . 3 1 1 9 1 6 - - - - . .............................................................................. 8 ,1 3 1

O R G A N I Z A T I O N .— Tho company at midnight on June 2 4 1 9 1 7 re­
sumed possession o f its property, having been successfully reorganized,
without foreclosure. Tho sale of $ 2 9 ,7 4 3 ,8 8 9 7 % prof, stock to a syndicate
and $ 5 ,0 0 0 ,0 0 0 6 % pref. to former directors provided for old floating obli­
gations and reorganization expenses, while the $20 ,0 0 0 ,0 0 0 debentures of
1 9 1 2 were declared duo and payable (by order o f Court) and aro replaced
by $ 2 0 ,0 0 0 ,0 0 0 6 % pref. stock. V . 1 0 4 , p . 2 5 5 2 , 2 4 5 1 , 2 3 4 2 .
In o r d e r th a t t h e o ld c h a r t e r m ig h t b o r e t a in e d , th e s h a r e h o ld e r s v o t e d
J u n e 2 1 1 9 1 7 t o i n c r e a s e t h o c a p i t a l s t o c k f r o m $ 7 5 ,0 0 0 ,0 0 0 t o $ 1 4 0 ,0 0 0 ,0 0 0 ,
t h i s i n c l u d i n g , a s p r o v i d e d b y p la n o f r e o r g a n i z a t i o n ; ( a ) C o m m o n s t o c k ,
$ 7 5 ,0 0 0 ,0 0 0 ; (6 ) 7 % p r e f . s t o c k , $ 3 0 ,0 0 0 ,0 0 0 ; ( c ) 6 % p r e f . s t o c k , $ 3 5 ,0 0 0 , ­
000.
V . 104. p . 1800.
P L A N D A T E D N O V . 1 4 1 9 1 6 .— T h i s p la n o f r e o r g a n i z a t io n ( V . 1 0 3 ,
p . 1 8 8 7 , 1 9 8 0 , 2 1 5 5 : V . 1 0 4 , p . 4 5 1 ) w a s p u t o u t b y t h e J o i n t R e o r g a n iz a t i o n
C o m m i t t e e , h a v i n g f ir s t b e e n u n d e r-w rit t e n b y S p e y e r & C o . a n d H a y d e n ,
S t o n e & C o . , a n d a p p r o v e d b y b o t h s t o c k h o l d e r s ' c o m m i t t e e s a n d a ls o t h e
d e b e n tu re c o m m it t e e .
T h o p la n w a s d e c l a r e d o p e r a t i v e F e b . 1 1 9 1 7 ; t h e
h o l d e r s o r 9 9 % o f t h e s t o c k a n d 9 5 % o f t h o $ 2 0 ,0 0 0 ,0 0 0 d e b e n t u r e s h a v e
d e p o s i t e d t h e ir h o l d i n g s w it h e it h e r t h e B a n k e r s T r u s t C o . , N . Y . , o r F i r s t
T r u s t & S a v . B a n k , C h ic a g o .

Resume of Plan Dated Nov. 1 4 1 9 1 6 .
T h e e x i s t i n g m o r t g a g e s r e m a in w it h n o w s t o c k a s f o l l o w s :
Two Classes of Pref. Stock, 7% and 6 % . with Same Preference as to Assets
and Sharing Pro Rata in all Dividends after Prior 1 % on 7 %
Preferred— Both Cumulative up to 5 % from July 1 1 9 1 7 .
7 % Pref. Stock, c a l l a b l e a t 1 0 5 .
A u t h . , $ 3 0 ,0 0 0 ,0 0 0 ; n o w i s s ’ l e . $ 2 9 , 7 4 3 , 8 9 8

(1 )




5 % a r r e a r s o f i n t e r e s t o n t h e i r d e b e n t u r e s t o J u l y 1 5 1 9 1 6 , a n d in r e s p e c t
o f e a c h $ 1 ,0 0 0 d e b e n t u r e $ 1 , 0 0 0 in n e w 6 % p r e f . s t o c k .
V . 104, p. 2342.
Application of $ 2 9 ,7 4 3 ,8 8 9 from Sale of 7% Preferred Stock. «
T o p a y T w o - Y e a r C o l l a t e r a l T r u s t G o l d N o t e s — ............- ............... $ 7 , 5 0 0 , 0 0 0
do
L o a n , C e n t r a l T r u s t C o . , s e c u r e d b y c o l l a t e r a l ----------------- 2 , 5 0 0 , 0 0 0
do
L o a n , H a y d e n , S t o n e & C o . , s e c u r e d b y c o l l a t e r a l ---------- 1 ,6 0 0 ,0 0 0
do
R e c e i v e r 's C e r t i f i c a t e s , S e r ie s A a n d B ------------------------------- 5 , 5 8 2 , 0 0 0
T o p a y o r a c q u i r e c la im s a g a in s t a n d lia b il i t i e s o f t h e r e c e iv e r ,
t o p a y in t e r e s t a n d o t h e r d e b t s o f t h e n e w c o m p a n y , a n d t o .
n a y t h o e x p e n s e s o f t h e r e o r g a n i z a t io n , c o m m i s s i o n s . & c . , a n d
t o p r o v i d e a d d it i o n a l w o r k in g c a p i t a l -------------------------------------------- 1 0 ,0 6 1 ,8 8 9
T h e $ 5 , 5 0 0 , 0 0 0 r e c e iv e d f r o m f o r m e r d i r e c t o r s i n F e b . 1 9 1 7 is a p p li c a b l e
t o r e o r g a n i z a t io n p u r p o s e s , i n c l u d i n g , i t is s u p p o s e d , t h e s e t t le m e n t o f
v a r i o u s c la im s r e n o u n c e d b y t h e r e c e iv e r (s e e b e l o w ) . A s a g a in s t t h e s e
c la im s a ls o t h e r e c e iv e r w il l t u r n o v e r a ll m o n e y s r e m a in in g in h is h a n d s .
O n N o v . 2 1916 th e m o n e y s s o h e ld a m o u n te d t o $ 4 ,8 2 1 ,5 8 9 , a p a r t o f
w h ic h r e p r e s e n t e d a c c u m u l a t io n s m a d e in a n t i c i p a t i o n o f p a y m e n t s t h e n
p r e s e n tly t o b e c o m e d u e .
O n D e c . 3 1 1 9 1 6 t h e c a r t r u s t s o u t s t a n d i n g , i n c l u d i n g r e c e i v e r ’s e q u i p ­
m e n t n o t e s , a g g r e g a t e d $ 1 5 ,4 6 0 ,1 6 2 , a n d t h e l o a n s a n d b i ll s p a y a b l e
a m o u n t e d t o $ 4 ,1 0 0 ,0 0 0 .
Treasury Resources upon Discharge of Receiver, June 1 9 1 7 ( V M 0 4 , p . 2 3 4 2 ) .
F i r s t & R e f u n d i n g b o n d s , p l e d g e d .............. .................................................... $ 1 6 ,1 9 9 ,0 0 0
S t . P . & K . C . S . L . b o n d s , p l e d g e d ................................. .......................2 ,5 4 5 ,0 0 0
do
do
in t r e a s u r y ____________________________
2 1 2 ,0 0 0
R . I . A . & L . b o n d s p l e d g e d ................. .................................. ..........................
1 .9 6 5 ,0 0 0

First A Refunding Bonds Issuable for the Following Purposes:
T o r e f u n d F i r s t M o r t g a g e b o n d s d u e J u l y 1 1 9 1 7 , w h e n e v e r i t is
t h o u g h t b e s t t o s e ll t h e s a m e , i n t h e m e a n t i m e a v a i l a b l e a s
c o l l a t e r a l ________________________________________________________________ 1 2 , 5 0 0 , 0 0 0
T o r e im b u r s e t r e a s u r y f o r e x p e n d it u r e s f o r a d d i t i o n s a n d b e t ­
t e r m e n t s in 1 9 1 5 a n d 1 9 1 6 ___________________________
F o r r e fu n d , g o ld b o n d s o f 1 9 0 2 , m a t u r in g M a y 1 1 9 1 5 , M a y 1
1 9 1 6 a n d M a y 1 1 9 1 7 , f o r w h ic h r e c e i v e r ’ s c e r t i f i c a t e s . S e r ie s
A , a r e n o w o u t s t a n d i n g ________________________________________________
4 ,4 8 2 ,0 0 0
T h e S 1 2 .5 0 0 .0 0 0 1 s t M . 6 s o f 1 8 7 7 , d u e J u l y 1 1 9 1 7 , w il l b e p a i d o f f a t
m a t u r i t y , in p a r t a t l e a s t , i t is s u p p o s e d o u t o f t e m p o r a r y l o a n s .

Proposed Sale of Bonds (with Additional Coupons Attached).
B y a t t a c h i n g a p p r o p r i a t e c o u p o n s , i t w ill b e p o s s i b le t o s e ll s u c h o f t h e
F i r s t & R e f . b o n d s a s i t m a y b e d e e m e d d e s ir a b le t o d i s p o s e o f a t a p r i c e
m o r e n e a r l y a p p r o a c h in g t h e ir f a c e v a l u e t h a n t h e p r e s e n t m a r k e t p r i c e .
S u c h a d d it i o n a l c o u p o n s w il l b e a f ix e d c h a r g e , b u t w ill n o t b e s e c u r e d b y
th o F ir s t & R e f . M t g e .
I n F e b . 1 9 1 7 It w a s d e e m e d in a d v i s a b l e t o s e l l, s o
l o n g in a d v a n c e (a s s u g g e s t e d in p l a n ) , t h e $ 1 5 ,0 0 0 ,0 0 0 F i r s t & R e f . b o n d s
t o p r o v i d e a t m a t u r it y f o r $ 1 2 ,5 0 0 ,0 0 0 F i r s t M t g e . 6 s a n d t h e $ 1 , 4 9 4 , 0 0 0
C h o c t a w C o lla t e r a l b o n d s d u e J u l y 1 a n d M a y 1 1 9 1 7 .
V . 104, p . 451.
E A R N I N G S — C H A R G E S .—
f ix e d c h a r g e o b l i g a t i o n s f r o m
t h e p r o p o r t io n o f s t o c k t o s u c h
d u c in g th e fix e d in te re s t c h a r g e

T h o p la n c o n t e m p la te d r e d u c in g th e t o t a l
$ 2 9 5 ,9 4 6 ,3 8 3 t o $ 2 5 7 ,7 5 8 ,3 8 3 , i n c r e a s in g
o b lig a t io n s f r o m 2 5 .1 2 % t o 5 3 % , a n d r e ­
f r o m $ 1 2 ,2 7 7 ,0 9 6 t o $ 1 0 ,2 2 2 ,6 9 6 .

Estimated Requirements, Aggregating $ 3 8 ,3 1 2 ,8 4 0 , Jan. 1 1 9 1 7 to Dec. 3 1 1 9 1 9
[ W i t h o u t a llo w a n c e f o r a n y lia b il i t i e s r e n o u n c e d b y t h e r e c e iv e r .]
Calendar Years—
1917.
1918.
1919.
.................................................
F i r s t M t g e . 6 s , d u e J u ly 1 1 9 1 7 ............$ 1 2 ,5 0 0 ,0 0 0
E q u i p m e n t t r u s t o b l i g a t i o n s ..............
2 , 1 0 9 ,9 4 7
$ 2 , 0 8 4 ,9 4 7 $ 2 ,0 8 4 ,9 4 6
C h o c t a w S e r ia l C o lla t e r a l b o n d s _____
1 ,4 9 4 ,0 0 0
1 ,4 9 4 ,0 0 0
_______
C h o c t a w O k la . & G u l f G e n . M . 5 s . _
___________
__________
5 ,5 0 0 ,0 0 0
2 0 ,0 0 0
2 0 .0 0 0
5 5 ,0 0 0
L i t t l e R o c k B r i d g e 1 st M . 6 s _________
C . & R . I . E l e v a t o r 1st M . 5 s ..............
5 0 ,0 0 0
5 0 ,0 0 0
5 0 ,0 0 0
A d d i t i o n s a n d b e t t e r m e n t s ......................
3 ,5 0 0 ,0 0 0
3 ,5 0 0 ,0 0 0
3 ,5 0 0 ,0 0 0
T o t a l .............. - ............................................ _ _ S 1 9 ,9 7 3 ,9 4 7
$ 7 ,1 4 8 ,9 4 7 $ 1 1 ,1 8 9 ,9 4 6
I t is a ls o I n t e n d e d t o e x p e n d a s u b s t a n t i a l a m o u n t f o r r e h a b i l it a t i o n .

Leading Charges, A c., Disallowed by Receiver or in Dispute, and Therefore
Not Provided for by Plan (V. 1 0 4 , p. 2 3 4 2 ) .
(1 ) C la i m s f o r w h ic h a p r e f e r e n c e is a s s e r t e d , & c . , a b o u t $ 2 0 0 ,0 0 0 ; ( 2 )
U n p a i d p r o p o r t io n o f j o i n t l ia b ilit ie s r e n o u n c e d b y r e c e iv e r : (a ) T r i n i t y &
B r a z o s V a l. R y . E q u i p , n o t e s “ A ” ( p r in . & i n t . t o O c t . 1 9 1 6 ), $ 4 0 ,3 1 3 ;
(b) G a lv e s t o n T e r m i n a l ( b o n d l n t . t o S e p t . 1 1 9 1 6 ), $ 4 9 ,7 7 0 ; (c) P e o r i a
R a i l w a y T e r m i n a l (e s t . p r o p o r . o f b o n d i n t . t o J a n . 1 1 9 1 7 ) , $ 5 , 0 0 0 ; ( 3 )

7 ,0 0 0 ,0 0 0

[Vol. 104

RAILWAY STOCKS AND BONDS

L R o o k B r i d g e 1 s t M a s s u m e d g r e d ________ Q P .x o *
C o n s o l m t g e g o l d ______________________________ Q P .x o *
R I A & L 1 s t M $ 3 0 ,0 0 0 ,0 0 0 g g u r e d 1 0 5 B a .x o * & r*
L i t t l e R o c k & H o t S p g W e s t n o t e s g u a r p & I------S t P A K C S h o r t u— 1 s t M g g u r e d i 0 5 - B a . x o * & r *
E q u i p n o t e S e r C g o j d d u e $ 2 6 5 ,0 0 0 s e m l- a n n — C e .x c
do
~
"
do
do
do
do
S e r H g * 4 4 1 .0 0 0 a n n ( V 9 6 , p 1 7 7 2 ).
do
R e c e i v e r s ’ d u e In 2 0 s e m l- a n n I n s t a l l.
C h i c a g o St L o u is & N e w O r le a n s — S e e I ll i n o i s C e n tr a l
G h jS t P & M in n 1 s t M g o l d E l r o y t o L S t C a s s ’ d . z o '
S t P & S i o u x C i t y 1 st M g o l d $ 1 0 ,0 0 0 p e r m l l e . C e . z i
N o r W ls 1 st M L a k e S t C t o n ea r S p o o n e r a ss’ d C e .z o
S u p e r i o r S h o r t L i n e 1 st M $ 1 ,5 0 0 ,0 0 0 a s s ___ U n .z o
O S t P M i O M $ 3 0 ,0 0 0 ,0 0 0 ( $ 1 5 ,0 0 0 p m ) _ C e . z o
do
do
c o n s o l s I n t e r e s t r e d u c e d ____
D e b e n g o ld $ 2 ,0 0 0 ,0 0 0 ’ ‘ s ta m p e d ” g : t e x t .C e x o ’ &r

292
998
12
113
351
282
335
363

—

177
607
80

0 0 0 in

D ate
Bonds

1881
1884
1877
1885
1894
1899
1899
1902
1910
1 91 1
1911
1909
1910
191 1
1911
1912
1 91 3
1915

1878
1879
1880
1895
1880
1880
1912
treas.

Par
V a lu e

Am ount
O u tsta n d in g

R a te

W h en
P a ya b le

%

1 ,9 0 5 ,0 0 0
1 ,0 0 0
l , 0 0 0 & o 1 1 ,0 0 0 .0 0 0
1 5 0 ,0 0 0
500 &o
4 5 0 ,0 0 0
1 ,0 0 0 & o
5 .5 0 0 ,0 0 0
1 ,0 0 0
3 ,5 2 5 ,0 0 0
1 ,0 0 0
9 5 ,0 0 0
1 ,0 0 0
5 ,4 1 1 .0 0 0
1 ,0 0 0
50 0 &o b l2 .9 6 5 .0 0 0
4 5 3 ,6 0 0
1 ,0 0 0
c l2 ,6 2 4 ,6 4 0
$ & £
1 ,3 2 5 ,0 0 0
1 ,0 0 0
3 ,8 2 5 ,0 0 0
1 ,0 0 0
1 ,0 0 0
4 0 ,0 0 0
2 2 8 ,0 0 0
1 ,0 0 0
1 ,0 0 0
3 ,5 7 0 ,0 0 0
1 000
3 ,0 8 7 .0 0 0
1 ,0 0 0
2 ,0 0 8 ,0 0 0

5
5
7
6
5
5
6
5

g
g
g

C A P I T A L R E Q U I R E M E N T S .— I n N o v . 191 5 e x p e r t J . W . K e n d r ic k
r e p o r t e d ( V . 1 0 1 , p . 1 7 1 3 ) t h a t t h o s y s t e m r e q u i r e d t h e e x p e n d it u r e f o r i m ­
p r o v e m e n t s a n d a u d it i o n s In t h e n e x t t h r e e y e a r s o f $ 2 7 ,0 0 0 ,0 0 0 , a n d In t h e
fo llo w in g t w o y e a r s * 4 ,0 0 0 ,0 0 0 y e a r ly , a n d s h o u ld th e n s h o w :
Year—
Gross.
Net Income.
Charges.
Bal.,Surp.
$ 2 1 ,0 1 4 ,0 0 0
$ 1 6 ,7 1 1 ,0 0 0
$ 4 ,3 0 3 ,0 0 0
1 9 1 8 - 1 9 .............................. $ 7 4 ,5 5 0 ,0 0 0
1 9 2 0 - 2 1 .............................. 7 6 , 3 5 0 . 0 0 0
2 4 .4 9 2 .0 0 0
1 7 .1 1 1 .0 0 0 7 . 3 8 1 . 0 0 0
S ee V . 103, p . 6 6 5 , 168 3; V . 102, p .6 0 8 , 1249, 1435; V . 9 8 , p . 7 6 2 , 1536.
Joint Reorganization Committee, c o n s i s t i n g o f r e p r e s e n t a t iv e s o f t h o H a y ­
d e n a n d A m s te r s to c k h o ld e r s ’ c o m m itte e s a n d d e b e n tu re c o m m lt t e o :
S e w a r d P r o s s e r , C h a ir m a n ; J a m e s S p e y e r , C h a r le s n a y d e n , N . L . A m s t e r ,
E . K . B o l s o t a n d S . D a v ie s W a r f i e l d , w it h W h i t e & C a s o , S a m u e l U n t e r m y e r a n d K . I t . B a b b i t t a s c o u n s e l , a n d B . W . J o n e s , 16 W a l l S t . , S e c r e ­
ta ry .
V . 102. p . 1435, 2341; V . 103, p . 758 , 665 , 1508.
Committee for Consol. Indiana Coal Co. I s l M . 5 s . — M o r t i m e r N . B u c k n e r
(C h a ir m a n ); H e r b e r t M . M o r s e , 26 B r o a d S t ., S e c .; N e w Y o r k T r u s t C o .
d e p o s ita r y .
S t e w a r t K . S m it h o f C h i c a g o w a s o n J u l y 1 4 1 9 1 5 a p p o i n t e d
r e c e iv e r o f C o n s o l. I n d . C o a l C o .
V . 100. p . 1921; V . 101. p . 29 0 , 616 .
I n M a r c h 1 9 1 7 t h o r e o r g a n i z a t io n c o m m i t t o e a r r a n g o d t o b u y a t 7 5 %
& in t . th o g r e a te r p a r t o f th e $ 2 ,0 6 3 ,0 0 0 d e fa u lte d b o n d s o f C o n s o l. In d ia n a
C o a l C o ., V . 104, p . 1267.
V . 8 0 , p . 2 40 1, 2623; V . 100, p . 1921; V . 8 2 , p .
1499.
B O N D S . — O f t h e G e n e r a l 4 s o f 1 8 9 8 , t h o s e u n is s u e d a r e a v a i l a b l e a s f o l ­
lo w s : $ 1 4 ,9 0 0 ,0 0 0 a t n o t o v e r $ 1 ,0 0 0 ,0 0 0 p e r a n n u m f o r p e r m a n e n t I m p r o v e ­
m e n t s a n d a d d it i o n s , ln o l. e q u i p m e n t : B a n k e r s T r u s t C o . . N . Y . . a n d B c n J .
S tro n g J r ., tru stees.
A b s tr a c t . V . 66, p . 522; V . 7 8 , p . 228; V . 8 0 , p . 272.

FIRST A REFUND. 47c BONDS OF 1 9 0 4 ( $ 1 6 3 ,0 0 0 ,0 0 0 A U T II. ISSUE).
A 1 s t lie n (e it h e r d i r e c t l y o r t h r o u g h p l e d g e o f e n t i r e Issu es o f b o n d s o f t h o
c o m p a n i e s o w n in g t h e 6 a m o ) o n t e r m in a l p r o p e r t y In S t P a u l , M in n e a p o l is
a n d K a n s a s C i t y , n e w e q u i p t a n d s h o p s a t S i l v ls , n e a r E a s i M o l I n o , 111., a n d
o n r a i lw a y s a g g r e g a t i n g 1 ,1 7 9 m ile s ; a l s o a J u n io r lie n s u b j e c t t o e x is t in g
m o r t g a g e s o n a ll t h e o t h e r lin e s o f t h o s y s t e m o f t h e Railway c o m p a n y , a g g r e ­
g a t i n g , e x c l u s iv e o f le a s e d lin e s a n d t r a c k a g e , 6 ,6 8 3 m il e s .
See V 7 8 ,
p . 228, 234: V . 79. p . 1716, 2206; V . 84, p . 219; V . 85, p . 98.
T h e deed o f
t r u s t f o r b i d s t h o c r e a t io n o f a j u n i o r m o r t g a g o w i t h o u t t h o c o n s o n t o f t h e
h o ld e r s o f a ll t h o R e f . M . 4 s .
V . 8 7 , p . 108 9, 1419; V . 8 8 , p . 6 2 3 , 822 ;
V . 8 9 . p . 666 ; V . 9 0 , p . 108, 2 3 6 , 1170, 1424; V . 9 1 . p . 1766; V . 9 3 , p . 1667,
1785; v . 99, p . 1748, 1831; V . 100, p . 90 0 .
A d d it io n a l c o u p o n p la n , see
above.
A s t o O h io . R . I . & P a o . E l e v a t o r m t g e . , s e e V . 7 9 . p . 2 5 9 0 : V . 8 2 , p . 7 5 0 .
Rock I . Ark. A La. 1st M . 4 A s ( V . 9 0 , p . 6 2 6 , 6 9 9 , 1 1 6 1 ) a n d St. P. &
Kansas City Short Line 1st M . 4 A s . V . 9 2 , p . 5 2 6 , 6 9 3 ; V . 9 3 , p . 1 1 9 6 ; 1 1 5 9 ;
V . 9 4 . p . 1 0 5 6 ; V . 9 7 , p . 2 3 6 , 1 1 1 4 ) , w e r e g u a r a n t e e d , p r in c ix ja l a n d i n t e r ­
e s t b y th o o ld R a ilw a y C o .
R o c k I s la n d -F r is c o T e r m in a l 5 s , s e e t h a t c o . a n d V . 8 4 , p . 5 6 9 , 7 4 8 .
n e t , $ 6 ,2 0 8 , 5 2 9
E A R N I N G S . — 4 m o s . , / 1 9 1 7 ____ G r o s s , $ 2 0 ,3 4 2 ,4 5 6 ;
Jan. 1 to A p r. 30.
U 9 1 6 ____ G r o s s ,
2 3 ,2 9 2 ,3 1 9 ;
n ot,
6 ,7 2 5 ,0 1 6
R E P O R T . — F o r c a l e n d a r y e a r 1 9 1 6 , in t h e is s u o o f J u n e 3 0 :
— Y e a r s ending Dec. 3 1 — Y e a r s ending June 3 0 -------1916.
1915.
1 9 1 4 -1 5 .
1 9 1 3 -1 4 .
A v e r a g e m i l e s _____________
8 ,0 8 8
8 ,2 8 8
8 ,3 3 0
8 ,2 0 5
F r e i g h t e a r n i n g s . . ..............$ 5 5 ,1 4 1 ,6 6 8 S 4 7 ,4 0 4 ,2 0 7 $ 4 7 ,5 7 6 ,6 6 8 $ 4 4 ,3 3 3 ,4 4 7
P a s s e n g e r e a r n in g s _______ 1 9 , 6 7 4 ,3 7 0
1 8 ,5 0 0 ,0 3 2
1 8 ,2 3 0 ,1 0 1 1 8 ,8 2 9 ,8 1 6
M a i l , e x p r e s s , & c ________
6 ,0 7 3 ,0 9 1
5 ,3 9 5 ,1 2 0
5 ,1 4 1 ,1 2 1
5 ,5 1 2 ,5 7 9
T o t a l g r o s s e a r n i n g s . . $ 8 0 ,8 8 9 ,1 2 9 $ 7 1 ,2 9 9 ,3 5 9 $ 7 0 ,9 4 7 ,8 9 0 S 6 8 ,6 7 5 ,8 4 2
O p e r a t in g e x p e n s e s _____ 5 5 , 0 9 1 , 7 1 7
5 3 ,6 1 0 ,4 5 7
5 3 ,5 2 1 ,6 1 5
5 1 ,6 3 5 ,8 2 0
N o t e a r n i n g s ................... $ 2 5 , 7 9 7 , 4 1 2 $ 1 7 ,6 8 8 ,9 0 2 $ 1 7 ,4 2 6 ,2 7 5 $ 1 7 ,0 4 0 ,0 2 8
O p e r . i n c . ( a f t . t a x e s ) . . $ 2 1 , 9 9 2 , 3 4 3 $ 1 4 ,1 4 0 ,2 0 9 $ 1 4 ,0 3 9 ,8 9 5 $ 1 3 ,7 0 3 ,7 5 2
O t h e r i n c o m o ......................
1 ,4 3 6 ,3 4 2
1 ,3 2 9 ,4 6 7
1 ,3 6 7 ,9 1 6
1 ,8 3 6 ,2 0 9
T o t a l n e t i n c o m o _____$ 2 3 ,4 2 8 ,6 8 5 $ 1 5 ,4 6 9 ,6 7 6 $ 1 5 ,4 0 7 ,8 1 1 $ 1 5 ,5 3 9 ,9 6 2
I n t e r e s t , r e n t a l s , & c _____$ 1 5 ,3 5 0 ,4 9 6 $ 1 5 ,8 5 0 ,0 6 4 $ 1 6 ,1 4 2 ,4 8 8 $ 1 5 ,0 8 9 ,3 4 1
D i v i d e n d s ......... .....................
..............
..............
...............(
1 ,8 7 1 ,7 6 3
l
2 AVc

&

A

&
&
&
&

J
J

g
g
g
g

J

J
M
4A g M
J
4
4A g F
4A g A
4 'A g M
J
5 g
4H g F
4A gJ
J
5 g
M
6

1 0 0 1 8 ,5 5 6 ,7 0 0 7 In 1 9 1 6
100
1 1 ,2 5 9 ,3 0 0 7 In 1 9 1 0
500 &o
6 7 4 ,0 0 0
6 g
1 .0 0 0
6 ,0 7 0 ,0 0 0
6 g
1 ,0 0 0
5 6 1 ,0 0 0
9
1 ,0 0 0
1 ,5 0 0 .0 0 0
6
1 ,0 0 0
1 7 ,0 4 8 ,0 0 0
6
3 ,7 3 4 0 0 0
1 .0 0 0
3 A
1 .0 0 0 & c 1 1 ,2 0 0 ,0 0 0
5g
o r p l e d g e d a s c o ll a t e r a l .

O t h e r c h a r g e s r e n o u n c e d o r d i s a l lo w e d b y r e c e iv e r : (a ) B o s t o n a n d P o r t l a n d
o f f i c e r e n t (g r o s s t o O c t . 1 a n d D e c . 1 1 9 1 8 ), $ 2 4 ,3 2 5 : (6 ) C o n s o li d a t e d
In d ia n a C o a l C o .
B o n d I n t e r e s t t o D e c . 1 1 9 1 6 , $ 2 5 0 ,0 0 0 ; a n d s in k in g fu n d
t o J u n e 1 1 9 1 6 , o s t . , $ 5 1 ,7 5 0 [t h o R a i l w a y C o . h a s a l a r g o in v e s t m e n t In t h is
c o m p a n y , w h ic h Is In h a n d s o f a r e c e iv e r w h o h a s Is s u e d $ 1 0 0 ,0 0 0 r e c e i v e r ’s
c e r t i f i c a t e s ] ; (c ) S t . J o s o p li U n io n T e r m i n a l (r e n t a l t o J a n . 1 1 9 1 7 ),
$ 6 2 ,5 0 0 : (d ) f l a r l o m - R u s h v l l l e t r a c k a g o ( t o D e c . 31 1 9 1 6 ), a b o u t $ 1 3 2 ,0 0 0 ;
(e) K e o k u k & D e s M o i n e s r e n t a l , s a y , $ 5 0 ,0 0 0 : ( / ) T r i n i t y & B r a z o s V a llo y
R y . C o . , o n e -h a lf In terest t o N o v . 1 191 6 o n t o t a l c o s t (n o w o p e r a te d
s e p a r a t e l y — s e o t h a t c o . ) , $ 4 9 6 ,5 5 6 . S e e a l s o " K e o k u k & D e s M o i n e s . ”
I n a s m u c h a s t h e s e m i-a n n u a l I n t e r e s t I n s t a llm e n t s h a d n o t b e e n p a i d
d u r i n g t h e r e c e iv e r s h i p o n t h o h a l f c o s t o f t h o T r i n i t y & B r a z o s V a ll e y R y . ,
n o t i c e o f p r e c i p i t a t i o n o f t h o m a t u r it y o f t h e p r i n c ip a l, a b o u t $ 5 ,5 1 7 ,0 0 0 ,
w a s s e r v e d u p o n t h e C h i c . R . I . & P a c . R y . C o . In M a y 1 9 1 6 .
T h e com ­
p a n y Is a d v i s e d t h a t t h is c la im is u n e n f o r c e a b l e , b u t t h o C o l o . & S o u . R y .
I n D e c . 1 9 1 6 b r o u g h t s u i t t o e n f o r c o s a i d c la im , a ls o $ 4 0 ,3 1 3 T . & B . V . R y .
e q u i p , n o t e s a n d $ 5 0 ,0 0 0 G a lv e s t o n T e r m . R y . b o n d i n t .
V . 103, p . 2428.

A
J

F
F
M

A

J
M

J
J

M

&
&
&
&
&

&
&
&
&
A
A
&
&
&
&
A
A
A
A
&
A
A

L a st D ivid en d
a n d M a tu r ity

O O ct 1 1921
O A p r 1 1934
D June 1 19 27
J J u ly 1 1925
J O o t 1 1919
J J a n 1 1949
J J u ly 1 1919
N M ay 1 1952
S M oh 1 1 9 3 4
J J u ly 1 1939
A F e b 1 1 94 1
O O c t T 7 - O c t ’ 19
N T o M a y 1925
J J u l y ’ 1 7 -J a n ’ 21
A A u g '1 7 - A u g ’ 2 6
J J u l y '1 7 - J u l y ’ 27
J J u l y ’ 1 7 - J u l y '2 3
S T o S ep t 1925

A

A u g 20 T 7 ,
A A u g 20 ’ 17,
N M ay 1 1918
() A p r 1 1 9 1 9
J J a n 1 1930
vS J u n e 1 1 9 3 0
D J u n e l 1930
D Ju n e 1 1930
S M ch 1 1 9 3 0

Places Where Interest ant
Dividends are Payable

O ct 1916 c o u p p d w h d u e
F irs t N a t B k . N e w Y o r k
do
do
do
do
do
o r P h lla
do
o r P h lla
do
do
do
do
do
orE u ropo
C o ’s o f f i c e , C h ic a g o
N ew Y o rk an d L on d on
F ir s t N a t io n a l B a n k , N Y
do
do
U S E x p ress C o
F ir s t N a t B a n k , N Y
do
do
do
do

2 A O f f ic e 1 1 1 B ’ w a y . N Y
do
do
3A
do
do
do

do
do
do

do
do
do

do
do
do

H I S T O R Y . — T h is w a s a c o n s o l id a t i o n J u l y 1 8 8 0 o f t h e C h ic a g o S t . P a u l

& M in n e a p o lis , t h e N o r t h W i s c o n s i n a n d t h e S t . P a u l & S i o u x C i t y .
I n N o v e m b e r 1 8 8 3 C h ic a g o & N o r t h W e s t e r n R y . p u r c h a s e d c o n t r o l ,
v i z . , $ 9 , 3 2 0 , 0 0 0 c o m m o n a n d $ 5 , 3 8 0 , 0 0 0 p r e f . , a n d in 1 9 1 0 $ 2 2 0 ,0 0 0 c o m .
S T O C K . — A u t h o r i z e d c o m m o n , $ 2 1 ,4 0 3 ,2 9 3 ; p r e f e r r e d , $ 1 2 ,6 4 6 ,8 3 3 .
H e ld b y t h e c o m p a n y D e c 3 1 1 9 1 7 , c o m m o n s t o c k a n d s c r ip . $ 2 ,8 4 4 ,2 0 7 ;
p r e f e r r e d s t o o k a n d s c r ip , $ 1 , 3 8 6 , 9 7 4 .
P r e f e r r e d s t o c k h a s a p r i o r r ig h t
t o n o n - c u m . d i v i d e n d o f 7 % . b u t c o m . Is n e v e r t o r e c e i v e m o r e t h a n p r e f .
D I V S . — 1 ’ 9 3 - '9 6 . ’ 9 7 . ’ 9 8 . ’ 9 9 . '0 0 . ’ 0 1 . ’ 0 2 . ’ 0 3 . ’ 0 4 . '0 5 - ’ 1 0 .
1917.
C o m m o n --)
N one
2
2 3A
5
5
8
6
6 7
y ’ly
3 > $,23-4
T h o d iv id e n d o n c o m m o n s t o c k , 7 % s in c e 1 9 0 5 , h a s b o o n r o d u c e d t o 5 %
p . a ., b e g in n in g w it h 2 A % < p a y a b lo A u g . 2 0 1 9 1 7 . V . 1 0 4 , p . 2 4 5 1 .
B O N D S . — I n A p r i l 1 9 1 1 t h e $ 1 , 5 0 0 , 0 0 0 S u p e r io r S h o r t L i n e R y . 5 s h e ld
In t h e t r e a s u r y w e r e s o l d .
V . 92, p . 954, 1310.
C h . S t . P . & M in n . 1 s t 6 s ,
d u e 1 91 8. a n d N o rth W ls o . 1st 6 s. d u e 1 9 3 0 . are e x c h a n g e a b le a t o p t io n o f
h o ld e r a t a n y tim e , $ fo r $ , fo r c o n s o l. 6 s .
V . 68, p . 521; V . 77 , p . 2389.
O f t h o S I 1 ,2 0 0 .0 0 0 o u t s t a n d i n g d e b e n t u r e s , ( $ 1 5 , 0 0 0 , 0 0 0 a u t h . ) , $ 9 , 2 0 6 , 0 0 0
a re " p l a in ” a n d $ 2 ,0 0 0 ,0 0 0 a re ' ‘s t a m p e d " a s s u b je c t t o I n c o m e t a x .
V.
101, p . 1806.
A n y I n c r e a s e d m t g e . ( e x c e p t f o r e x t e n s io n s ) m u s t s e c u r e
d e b e n tu re s.
V . 9 4 , p . 2 7 8 , 4 8 7 , 1316: V . 9 5 . p . 8 12 ; V . 9 6 , p . 14 2 1 . 1556;
V . 9 8 . p . 386; V . 101, p . 129.
E A R N I N G S .— F o u r m o n t h s e n d in g A p r il 3 0 :

Gross.

Net.

Charges.

Bal., Surp.

$ 9 1 0 ,5 0 4
9 7 5 ,3 8 7

$ 1 ,4 4 0 ,2 7 2
1 9 1 7 ......................... - ................$ 6 , 4 9 3 , 2 9 5
1 9 1 6 ............................................
6 ,5 3 3 ,2 7 0
1 ,8 6 7 ,6 1 9

$ 5 2 9 ,7 6 8
8 9 2 ,2 3 2

R E P O R T .— Y e a r n ow on ds D e c . 3 1 .
R e p o r t fo r h a lf y e a r t o D e c . 31
1 9 1 6 in V . 1 0 4 , p . 1 2 7 3 , a n d f o r y e a r 1 9 1 5 -1 0 in V . 1 0 3 , p . 1 1 1 3 , 1 1 2 0 .
— Sis M os. end. Dec. 3 1 --------- Years ending Dec. 3 1 —
1915.
1916.
1915.
1916.
S 9 ,9 5 4 ,3 2 1 $ 2 0 ,8 5 5 ,2 8 6 $ 1 8 ,2 0 0 ,6 1 4
O p e r a t in g r e v o n u e s $ 1 1 ,2 8 7 ,0 4 5
S 2 , 9 7 7 ,4 4 8
$ 6 ,1 8 5 ,9 8 1
$ 4 ,9 4 3 ,9 5 1
N e t , a f t e r t a x o s , & c S 3 .6 2 8 ,0 9 3
2 3 6 ,4 3 0
4 7 8 ,0 7 0
4 1 3 ,1 5 8
O t h e r i n c o m o ____
2 5 7 ,9 2 0
_

C h i c R o c k I s l & P a c i f i c R y ( C oncluded) —
C e d a r R a p id s I F & N W 1st m tg e g o ld g u a r .C e .z o
B C R & N o r c o n s o l fir s t m o r t g a g e g o l d . C e . z o ’ & r
M in n e a p o l is & S t L o u is 1 st M g o l d ( a s s u m e d ) ___ F z

M ile s
Road

_

RAILROAD CO M PAN IES
[For abbreviations, &c., see notes on first page]

G r o s s i n c o m e ____ $ 3 , 8 8 6 , 0 1 4
R o n t a is , & c _______
$ 3 7 0 ,9 2 8
I n t e r e s t ____________
1 ,1 3 1 ,4 3 5
P r o f. d iv s . (7 % p . a . )
3 9 4 ,0 7 6
C o m m o n d iv s .(7 % p .a .)
6 4 9 ,4 8 4
_

38

B a la n c e , s u r p l u s ............$ 1 ,3 4 0 ,0 9 1

$ 3 ,2 1 3 ,8 7 8
$ 4 5 5 ,0 2 8
1 ,0 8 7 ,1 4 8
3 9 3 ,9 8 8
6 4 9 ,4 6 7

$ 6 , 6 6 4 ,0 5 1
$ 6 8 9 ,4 1 0
2 ,2 5 9 ,6 6 5
7 8 8 ,2 3 5
1 ,2 9 8 ,9 8 7

$ 5 ,3 5 7 ,1 0 9
$ 7 9 2 ,1 3 8
2 ,1 6 5 ,3 3 2
7 8 7 ,9 7 6
1 ,2 9 8 ,9 3 4

$ 6 2 8 ,2 4 7

$ 1 ,6 2 7 ,7 5 4

$ 3 1 2 ,7 2 9

O F F I C E R S . — M a r v i n H u g h i t t , C h a ir m a n o f B o a r d ; P r o s . , J a s . T .
C la rk ; V .- P s ., S . A . L y n d o , E . M . I ly z o r a n d A . W . T r c n h o lm ; S e c ., J . D .
C a ld w e l l; T r e a s . , A . S . P i e r c e . — ( V . 1 0 4 , p . 1 1 4 5 , 2 4 5 1 , 1 2 5 7 .)
C H I C A G O T E R R E H A U T E & S O U T H E A S T E R N R Y . — (See M ap.)—
O w n s C h i c a g o H e ig h t s , 111., t o W e s t p o r t , I n d . , 2 9 8 .0 0 m . ; B la c k h a w lc t o S u l­
l i v a n , I n d i a n a , 1 8 .5 0 m . ; B l u e I s la n d Y a r d , I l l i n o i s , 0 . 8 8 m . ; B e d f o r d t o
O o l i t i c , I n d i a n a . , 4 . 7 6 m ile s ; 1 0 b r a n c h e s , 4 0 . 0 4 m ile s ; t r a c k a g o B l u e
I s la n d Y a r d t o C h i c a g o H e i g h t s , I l l i n o i s , 1 2 .4 7 m ile s ; t r a c k a g o t o U n io n
D e p o t , T e r r o H a u t e , I n d i a n a , 3 0 m ile s ; t o t a l D e c . 3 1 1 9 1 6 , 3 7 5 .0 4 m il e s .
I n c o r p o r a t e d In I n d ia n a a n d I ll i n o i s in N o v e m b e r 1 9 1 0 a s s u c c e s s o r t o
th e S o u th e rn In d ia n a R y . a n d th e C h ic a g o S o u th e rn R y . ( b o t h fo r e c lo s e d ),
p e r p la n In V . 9 1 , p . 3 3 7 , 3 3 3 .
P o s s e s s io n t a k e n J a n . 1 1 91 1 ( V . 9 2 , p . 6 9 ) .
H a s a ls o a c q u ir e d th e B e d fo r d B e lt R y .
O n A u g . 1 1913 m a d e
9 9 - y r . le a s e w it h t h e B a lt . & O h io C h i c a g o T e r m . I t R . f o r u s e o f 1 2 .4 7
m ile s t h r o u g h C h i c a g o H e ig h t s n o r t h t o H a r v o y J u n c t i o n In t h o " C h i c a g o
S w it c h i n g D i s t r i c t . ” — V . 9 7 , p . 1 1 1 0 .
S T O C K . — T h e $ 4 , 3 0 0 ,0 0 0 c o m . s t o o k , e x c e p t s h a r e s n e o c s s a r y t o q u a li f y
d i r e c t o r s , h a v e b e e n p l a c e d In a v o t i n g t r u s t u n t il D e o . 2 4 1 9 2 0 , u n le s s
s o o n e r t e r m i n a t e d , a s p r o v i d e d In t h e a g r e e m e n t .
R o y 0 . O sg o o d , F ran k
F . T a y lo r and G e o . A . J a ck so n , v o tin g tru ste e s.
B O N D S . — T h o n e w " F I r s t a n d R e f . " M . is a f ir s t lie n o n a b o u t 1 1 5 m ile s
a n d a s e c o n d ( c o n s o l . ) m o r t g a g e o n t h e r e m a in in g 2 4 7 m . o w n e d .
V . 91,
p . 337; V . 92. p . 696: V . 9 4, P. 1118.
Purposes for tchich $ 2 0 ,0 0 0 ,0 0 0 First and Refunding Bonds were Issuable.
I s s u e d u n d e r p la n ( o f w h ic h $ 1 ,9 7 9 ,0 0 0 p le d g e d f o r l o a n s ) ________$ 6 , 3 3 4 , 0 0 0
R e s e r v e d t o r e t ir e S o . I n d . R y . a n d B e d f o r d B e l t 1 s t M . b o n d s . . 7 , 7 8 7 . 0 0 0
R e s e r v e d u n d e r c a r e fu l r e s t r ic t io n s f o r e x t e n s i o n s , a d d it i o n s , Im ­
p r o v e m e n t s , a c q u i s i t i o n o f s u b - c o m p a n y s t o c k a n d b o n d s , & o . 5 ,8 7 9 ,0 0 0
T h e i n c o m o b o n d s d a t e d D e c . 1 1 9 1 0 , $ 0 , 5 0 0 , 0 0 0 , b o a r I n t e r e s t fr o m
D e c . 1 1 9 1 2 a t 5 % p e r a n n u m f r o m n o t e a r n in g s (d e t e r m i n e d a s p r o v i d e d In
t h e m o r t g a g e ) , p a y a b l e i f e a r n e d , b u t c u m u l a t iv e t o e x t e n t n o t p a i d .
The
I n c o m e s h a v e a t a ll s t o c k h o l d e r s ’ m e e t in g s o n e v o t e f o r e a c h $ 1 0 0 p a r v a l u e ,
t h e c o n d i t i o n a n d m a n n e r o f c a s t in g s u c h v o t e b e in g f u ll y s t a t o d In t h e m t g e
D i v . o n i n c o m e s , 1 % , s o m i-a n n u a ll.v p a i d S e p t . 1911 t o M a r . 1 9 1 3 I n c h :
1
70 p a i d S e p t . 1 9 1 3 ; t lio n n o n o t ill 1 A % M a r c h 1 1 9 1 7 ; t o t a l a c c u m u l a t e d
t o M a y 1 1 9 1 7 . 1 2 A 7oV . 97, p . 298; V . 103. p . 1404.
_
L o a n s J u n o 3 0 1 91 6 se c u r e d b y $ 1 ,9 7 9 ,0 0 0 “ F ir s t & R e f .
5 s , $ 1 ,4 8 0 , 0 0 0 .
L A T E S T E A R N I N G S .— | 1 9 1 7 - - - - G r o s s , $ 1 ,1 0 3 ,8 8 2 ;
4 m os. Jan. 1 to A p r. 30.
\ 1 9 1 6 _____G r o s s ,
9 0 2 ,1 2 0 ;
F o r 6 m o n t h s f r o m / 1 9 1 6 _____________ G r o s s , $ 1 , 5 2 7 , 8 4 4 ;
J u l y 1 t o D e c . 3 1 . \ 1 9 1 5 _____________ G r o s s ,
1 ,2 4 2 ,1 3 1 ;

n e t , $ 2 1 9 ,4 0 3
n et,
1 7 1 ,8 2 0
n e t , $ 2 8 7 ,8 7 7
n et,
3 5 2 ,8 6 8

B a l . , s u r . o r d e f . . . s u r . $ 8 , 0 7 8 , 1 8 9 d e f .$ 3 8 6 , 3 8 8 d o f .$ 7 3 4 , 6 7 7 d f . $ l , 4 2 1 , 1 4 2
O F F I C E R S . — C h a ir m a n , J . G . S h e d d ; P r e s i d e n t , j . E . G o r m a n ; V . - P . ,
A . C . R id g w a y ; V .- P . , S e c . & T r e a s ., G e o . H . C r o s b y , C h ic a g o ; V .- P . ,
A s s t . S e c . & A s s t . T r e a s . , J .J .Q u i n l a n . N . Y . o f f i c e , B a n k e r s T r u s t B l d g .
Board.— J . G . S h e d d , C h i c a g o , C h a ir m a n ; N . L . A m s Per, B o s t o n . C h a ir ­
m a n E x e c . C o m m .; J a m e s S p e y e r, S o w a rd P r o s s e r , J a m e s A le x a n d e r , C h a s ’
H a y d e n , W . B . T h o m p s o n , J o h n R . M o r r o n , N o w Y o rk ; E . D . I lu lb o r t ,
O . G . D a w e s , N a t h a n i e l F r e n c h , D a v e n p o r t , l a . ; J . W . B u r d ic k , P i t t s ­
b u r g h ; S . D a v i e s W a r f i e l d , B a l t . — ( V . 1 0 4 , p . 1 4 8 9 ,1 8 0 0 , 2 2 3 5 , 2 3 1 2 , 2 5 5 2 .)

R E P O R T . — F o r y e a r e n d i n g D e c . 3 1 1 9 1 6 In " C h r o n . ” o f J u n o 3 0 1 9 1 7 :
1915. |
1916.
1915.
1916.
$ 8 3 6 ,7 3 8
.$ 2 ,8 1 3 ,7 6 1 $ 2 , 2 6 3 , 8 7 7 1G r o s s i n c o m o . $ 9 4 6 ,0 6 1
3 2 ,7 5 4
3 0 ,9 2 7
$ 5 8 1 ,0 7 2 j R e n t s , & c ------. $ 5 1 6 ,0 8 3
6 2 7 ,7 0 7
6 5 2 ,4 1 0
H ir e e q u i p .,& c:..
4 2 9 ,9 7 8
2 5 6 .6 0 6 , I n t e r e s t ----------

C H I C A G O S T . P A U L M I N N E A P O L I S & O M A H A R Y .— (See Map Chi­
cago & North Western.)— R O A D . — E l r o y , W l s . , t o O m a n a , N e b . , 5 9 3 m ile s ;
o t h e r lin e s , 1 ,1 6 0 i n .; t o t a l . J a n . 1 1 9 1 7 . 1 ,7 5 3 m ile s , o f w h ic h 1 ,6 8 3 a r e
o w n e d a n d 7 0 m ile s le a s e d .
V . 69. p . 1147.

O F F I C E R S , & c . — P r e s . , M J . C a r p e n t e r ; V . - P r e s . , E . IC. B o l s o t : S e c . .
W . F . P e te r ; T r e a s ., F . J . L a w le r .
D ir e c t o r s : M . J . C a r p e n te r , E . K .
B o l s o t , Chas. P o r t e r , J . S . F i e l d , A . W . H o w a r d , F . O . W e t m o r o , J o h n T .
B e a s le y . — ( V . 1 0 1 , p . 1 0 9 2 , 1 1 8 6 ; V . 1 0 3 , p . 1 4 6 4 ,1 4 2 7 ; V . 1 0 4 , p . 9 5 1 , 2 5 5 2 . )




.

$ 9 4 6 ,0 6 1

$ 8 3 6 ,7 3 8

B a l., s u r p lu s .

$ 1 8 5 ,6 0 0

S 1 5 3 .4 0 1

J u n e , 1917.J




RAILWAY STOCKS AND BONDS

39

40

(Vol. 104.

RAILWAY STOCKS AND BONDS

R A I L R O A D C O M P A N IE S
lF o r abbreviations, & c., see notes on first page]

M iles Date
Road Bonds

C h ic a g o T e r r e H a u t e & S E — S t o c k ---------------------------------__
B e d f o r d B e l t f ir s t m o r t g a g e , n o t a s s u m e d _________ z
5
S o u I n d i a n a 1 s t M g (s e e t e x t ) n o t a s s u m e d - G P . z c "
242
1 s t a n d R e f M $ 2 0 ,0 0 0 ,0 0 0 g c a l l 1 0 7 J ^ - . l C . x o * & r »
362
I n c o m e M 5 6 .5 0 0 , 0 0 0 c a l l p a r ( c u m a f t 2 y r s ) — F C x
362
E q u i p m e n t g o l d b o n d s d u e $ 4 0 ,0 0 0 s e m l - a n n ___
do
do
( l o c o m o t i v e s ) $ 1 0 ,0 0 0 a n n _______
C h ic U n io n S t a t i o n — I s t M g g u p & l r e d .I C .y c * A r *
C h ic a g o U t i l it i e s — C o m m o n s t o c k 5 2 2 , 5 0 0 , 0 0 0 - - .
P r e f s t o c k 5 % n o n - c u m 5 3 0 ,5 0 0 .0 0 0 ______________
1 s t M s e r A g 1 s t l ie n $ 2 0 , 6 0 0 . 0 6 0 . U s m . x c * A r *
d o S e r B g 2 n d l ie n $ 4 , 0 0 0 , 0 0 0 _____U s m . x c * A r *
—
C h ic a g o & W a b a s h V a lle y R y — S e e C h i c . I n d . & L o u is v ille
C h ic a g o & W e s t e r n I n d i a n a — S t o c k (s e e t e x t ) -------------.
G e n e r a l m o r t g a g e g o l d s in k f u n d s u b j t o c a ll 1 0 5 - x o *
53
C o n s M 5 5 0 ,0 0 0 ,0 0 0 g _____________________I C . x o ’ A r *
F ir s t a n d R e f M 5 2 0 0 , 0 0 0 , 0 0 0 ____________ B a x c * & r*
C o lla t tru s t n o te s g s e o ’d b y 1st A r e f M re d 1 0 1 - B a
N o t e s _______________________________________________________
C h ic a g o & W e s t M ic h i g a n — S e e P e r e M a r q u e t t e R R
C h ic a g o W i s c o n s i n & M in n e s o t a — S e e W i s c o n s i n C e n t
C h o c & M em — C h o c O k la & G u l f — See C h R I & P
C i n c in n a t i D a y t o n & ( r o n t o n — S e e C ln c ln R a m & D a y
C in c in n a t i F in d & F t VV— 1 s t M g g u a r e n d r e d - . N . o *
91
C i n c in n a t i H a m il t o n & D a y t o n — Bonds, &c., Undistu rbed—
59
S e c o n d ( n o w fir s t) m o r t g a g e g o l d _______________ F x o *
G en era l m o r tg a g e 5 7 ,8 0 0 ,0 0 0 g o ld V . 10 2 , p . 2 0 7 7 x o *
59
C a r t r u s t s S e r A d u e 5 1 1 6 ,0 0 0 s e m l- a n n ________B a x
D a y t o n A M ic h ig a n — S ee t h a t c o m p a n y
New Bonds of B. A O. RR, as per Plan—
374
B & O R R T o l - C i n D i v / S c r i e s A c a l l 102'A _____B a
M t g o $ 3 5 , 0 0 0 , 0 0 0 - - - I S e r i e s B c a l l 1 0 5 - ............B a
374

Old Bonds included in plan.
C ln D a y & I r o n t o n 1 s t M g g u a r ( a s s u m e d ) C e . - - x o *

1 s t & R e f M 5 7 5 , 0 0 0 , O O O a u t h ,p a r t g u ___ B a x .o * & r *
G e n e r a l m o r t 5 2 0 ,0 0 0 ,0 0 0 r e d e e m a b l e t e x t _____C e .x
P l q u a & T r o y 1 s t M 5 2 5 0 ,0 0 0 g o l d g u a r p & I___ xo
Old bonds and notes not included in plan—
C I I & D p u r c h a s e m o n e y n o t e s ( o v e r d u e ) ________
C in c in n a t i D a y t o n & C h ic a g o fir s t m t g e g o l d _____N x,
C i n c in n a t i F in d & F t W 1 st M g g u e n d r e d ___ N .x o * 1

P ar
Value

Amount
Outstanding

Rate
%

1912
1912

1 ,0 0 0
1 ,0 0 0 &o
100 A c
1 ,0 0 0
1 ,0 0 0
1 .0 0 0 A c
100
100
1 .0 0 0 A c
1 .0 0 0 & c

$ 4 ,3 0 0 , 0 0 0
2 5 0 , ,000
7 ,5 3 4 , ,0 0 0
4 ,2 4 4 , 0 0 0
6 ,3 3 6 , ,0 5 5 S e e
5 3 0 ,000
7 0 ,000
3 0 .8 5 0 ,000
1 8 .7 9 4 , 0 0 0
3 0 .4 7 5 , 0 0 0
5 ,9 9 9 , 9 0 0
4 .0 0 0 , ,000 S e e

1882
1902
1912
1915
1915

100
1 ,0 0 0
1 .0 0 0 A c
1 .0 0 0 A c
1 .0 0 0 A c
1 ,0 0 0

6 0In
5 .0 0 0 .
0 0 1916
4 ,2 2 6 . 0 0 0
6 g
4 g
4 5 .4 9 1 .0 0 0
See te x t
1 2 .9 3 5 .0 0 0
1 .0 0 0 .
000

1903

1 ,0 0 0

1 .1 5 0 ,0 0 0

4 g

1887
1892
1910

1 ,0 0 0
1 ,0 0 0
1 .0 0 0

2 ,0 0 0 ,0 0 0
3 .0 0 0 .0 0 0
6 9 6 ,0 0 0

434 g
5 g
5

1917
1917

100 A c
100 A c

1 1 ,2 5 0 ,5 0 0
5 ,0 0 0 ,0 0 0

$100
1898
1901
1910
1910
1913
1 91 3
1915

167
A ll
A ll
9

1891
1909
1909
1899

95
91

1908
1892
1903

5
4 g
5 g
text
5
5
434 g

J
F
J
See
A
J
J

&
J
& A
& D
tex t.
A
O
&
J
&
J

Q — M 31
Q— M
A
J
A
S
A S
&
S

J
M
M
M

1 ,0 0 0
1 .0 0 0

1 1 . 5 5 7 .0 0 0
1 .2 0 0 .0 0 0
1 .1 5 0 .0 0 0

4
4
4 g

J u ly
Feb
D eo
D eo
O ct
J u ly
J u ly

Places Where Interest and
Dividends are Payable

1 1938
1st N a t B k , N Y o r C h e
1 1951
do
do
1 1960
do
do
1 I960
do
do
’ 1 7 - A p r ’23
do
do
1 1923
N Y ,P a R R C o ;C h i,I llT r A S
1 1963

M ar31
D eo 1
J u ly 1
Sept 1
Sept 1
Sept 1

A p r il 1 9 1 5 c o u p n o t p a id

T 7 1 34% C h ic a g o
J P M organ A C o, N Y
1932
III T r A S B k .C h lo : A N Y
1952
N Y , J P M & C o , A C h ic
1962
J P M organ & C o , N Y
1917
C h ic a g o , C e n t T r u s t C o
1917

N ov 11923
&
&
&

N ov

T4

cou p

not

p a id

J P M organ A C o, N Y
J Jan 1 1937
C ou p on s pu rch ased
D Ju n e 1 1942
D D e c T 7 J u n e '2 0 J 1* M o r g a n & C o , N Y

4
5

1 ,0 0 0

Last Dividend
and M aturity

A p r 1 1942
A p r 1 1942

5 g
tex t

3 .5 0 0 .0 0 0
5 g
4
9 .1 7 7 .0 0 0
1 7 .5 2 9 .0 0 0 S e e t e x t
2 2 5 ,0 0 0 13 4 g

1 ,0 0 0

5 & £

When

Payable

M A N
J
&
J
See te x t
M A N

J u ly 1 1959
J u ly 1 1959

C o o ffic o , 2 W a ll S t, N Y
do
do

M ay
J u ly
J u ly
N ov

N o v 1 9 1 4 c o u p n o t p a id
S ee tex t
Ja n 1915 c o u p o n n o t p a id
U n S a v B k A T r C o , C in

1 1941
1 1959
1 1939
11939

J u ly 1 1913
Apr 11942
N o v 1 1923

1 9 1 4 coup n o t paid
N ov„1914 coup n o t paid

O ct

r e o r g a n i z a t io n p l a n a s is s u e d , b u t in O c t . 1 9 1 6 8 5 % o f b o n d s h a d a s s e n t e d
t o c e r t a in " a d j u s t m e n t s , " a r r a n g e d b y t h o c o m m i t t o o .
F o r e c l o s u r e s u it
b r o u g h t in N o v . 1 9 1 6 .
J . B . C a r o t h e r s w a s a p p o in t e d r e c o iv e r in M a r c h 1 9 1 7 .— V . 1 0 4 , p . 1 1 4 5 ;
V . 103, p . 1792.
„
,
Committee for Cincinnati Findlay A Ft. Wayne 1st M . 4 s . — F . N . B . C l o s e
(C h a ir m a n ), P . D . B o g u e . S e c .; B a n k e r s ’ T r u s t C o ., N . Y . . d e p o s it a r y .
V . 9 9 , p . 1909; V . 103 , p . 121 0, 1301; V . 104, p . 1145.
R E P O R T . — Y e a r e n d e d D e c . 31 1 9 1 6 , g r o s s , $ 1 3 7 ,4 1 1 ; n o t d e f . , $ 2 5 ,6 7 1 :
i n t . o n b o n d s , $ 4 6 ,0 0 0 ; t a x e s , r e n t a l s , A c . , $ 3 3 ,0 0 8 ; b a l . , d e f . , $ 1 0 4 ,6 4 2 .
C I N C I N N A T I H A M IL T O N & D A Y T O N R Y .— In Ju n o 1917 fo llo w ­
in g t h e f o r e c l o s u r e s a le s b e l o w m e n t io n e d , p r e p a r a t i o n s w e r e b o i n g m a d e
t o c o n s u m m a t e t n o r e o r g a n i z a t io n p la n b e l o w o u t l in e d b y t u r n i n g o v e r t o
a n e w c o m p a n y , k n o w n as th o T o le d o A C in c in n a ti R R . C o . , w h o s o
$ 5 , 0 0 0 , 0 0 0 c a p i t a l s t o c k a n d 8 2 0 ,0 0 0 ,0 0 0 A d j u s t m e n t A I m p r o v e m e n t
b o n d s w il l b e o w n e d b y t h e B a lt i m o r e A O h io ( d i r e c t l y o r t h r o u g h B . A O .
S . W . R R . ) , t h e f o l l o w i n g , v i z . : M a i n lin o , C i n c i n n a t i t o T o l e d o , 2 0 0 m ile s
i n c lu d in g 141 m il e s le a s e d f r o m D a y t o n A M i c h i g a n R I t . ( w h i c h s e e ) ;
T o n t o g a n y t o N o r t h B a lt i m o r e . B o w l i n g G r e e n R R . , 19 m . ; D o s lilo r t o
F i n d l a y . 18 m . : H a m il t o n t o E a s t M i d d l e t o w n , 13 m . ; P i q u a A T r o y
b r a n c h , 8 m . , D a y t o n t o I r o n t o n J u n c t i o n , 1 1 6 m . ; a t o t a l o f 3 7 4 m il e s o f
road.
R e c e iv e r s , J u d s o n H a r m o n a n d R u fu s B . S m ith .
V'. 9 9 , p . 4 7 .
T h o r e o r g a n i z a t io n m a n a g e r s b i d in t h o b u l k o f t h o p r o p e r t ie s a b o v e
m e n t io n e d a t f o r e c l o s u r e s a le o n J u n e 7 a n d 8 1 9 1 7 , ( l ) u n d e r c o n s o l i d a t i o n
d e c r e e e m b r a c in g F ir s t A R e f . M t g e . . G e n . M t g o . a n d C i n . D a y . A I r o n t o n
1st M t g o . ; (2 ) u n d e r C i n . D a y . A C h i c a g o 1 st M .
V . 104, p . 2 4 5 1 , 25 5 2 .
T h e s a m o i n t e r e s t s in A p r i l 1 9 1 7 b i d in t h o $ 1 3 ,0 0 0 ,0 0 0 F i r s t A R e f . M t g e .
4s p le d g e d t o s e cu re th e p u rch a se m o n e y n o te s o f 190 8.
Joseph Joseph B ros.
A C o . b id in t h o r e m a in in g 8 5 m ile s o f D e lp h o s D i v .
V . 104, p . 23 4 2 .
E A R N I N G S . — 6 m o s . , ( 1 9 l 6 ..............G r o s s , $ 5 , 5 2 3 , 1 2 3 ; n e t , $ 1 , 6 5 3 , 9 3 4
5 ,8 6 7 . 0 1 1 ; n e t ,
1 , 4 7 6 ,0 6 8
J u ly 1 t o D e c . 3 1 .
\ 1 9 1 5 _______ G r o s s ,
P L A N . — T h e p l a n , d a t e d F e b . 15 1 9 1 6 , w a s d e c l a r e d o p e r a t i v e in A p r i l
1916.
S ee V . 102, p . 105 9, 1346.
1895.
I t p r o v id e s :
Securities to Remain Undisturbed ( Compare V. 1 0 3 , p. 1 7 8 7 .)
D a y t o n A M i c h i g a n R y . C o n s o l . M . 4 J 4 % . d u e J a n . 1 1 9 3 1 ------- $ 2 , 7 2 8 ,0 0 0
P r e f . s t o c k , g u a r . 8 % p . a . u n d e r le a s e t o C . H . A D . R y ------- 1 ,2 1 1 ,2 5 0
C o m m o n s t o c k , g u a r . 3 f i% p . a . u n d o r a f o r e s a id l e a s e ------------ 2 , 3 9 6 , 9 5 0
C H I C A O O & W E S T E R N I N D I A N A R R — {SeeMap . ) — O w n s a v a l u a b l e
C i n c i n n a t i H a m il t o n A D a y t o n R R . —
t e r m in a l s y s t e m a f f o r d i n g e n t r a n c e i n t o C h ic a g o t o t h e r o a d s n a m e d b e l o w .
2 d M . 4 H % 5 0 - y e a r g o l d b o n d s (n o w 1 st M . ) d u o J a n . 1 1 9 3 7 . 2 , 0 0 0 , 0 0 0
I t s lin e s e x t e n d f r o m D e a r b o r n S t a t i o n , P o l k S t . , C h ic a g o , t o D o l t o n , 17 m .;
G e n . M . 5 % b o n d s , d u e J u n e 1 1 9 4 2 ; J u n o 1 91 7 c o u p o n s c a s h e d
a ls o t o I n d i a n a S t a t e lin e , 1 0 m . ; t o C r a g ln , 21 m „ a n d t o S o u t h C h ic a g o ,
b y K u h n , | L o e b |A C o . , V . 1 0 3 , p . 2 0 7 8 .............. ....................... ..
3 ,0 0 0 ,0 0 0
5 m . ; t o t a l , 5 1 m . ; t o t a l t r a c k , in c lu d in g 2 d , 3 d , 4 t h t r a c k s a n d s id in g s , 5 4 5
New Securities— B. A O. RR. Co. Toledo-Cincinnali Division Bonds.
t n .; a ls o o w n s o v e r 1 ,2 0 0 a c r e s o f r e a l e s t a t e , c a r y a r d s , w a r e h o u s e s , e l e v a ­
T h e B . A O . R R . C o . w ill a c q u i r e a ll t h o s e c u r it ie s t o b o i s s u e d b y t h o
tors, & c.
Leases.— T h e s t a t io n t e r m i n a l p r o p e r t i e s , i n c lu d in g t h e " D e a r b o r n S t a ­ n o w r a ilr o a d c o m p a n y ; t h a t Is, t o a c q u i r e t h o m a in lin o b o t w e o n C i n c i n n a t i
a n d T o l e d o , a n d b r a n c h e s a b o v e d e s c r ib e d ( s u b j e c t t o e x i s t i n g s a i d s e c u r i ­
t i o n ” a n d i t s c o n n e c t i n g t r a c k s , a r e u s e d f o r f r e i g h t a n d p a s s e n g e r b u s in e s s
t ie s ) . a n d w ill Is s u e , a s t o t h e p r o p e r t y , its o w n d i r e c t o b l i g a t i o n s .
The
u n d e r 9 9 9 - y e a r le a s e s ( w h i c h h a v e b e e n in f o r c e f o r m a n y y e a r s ) b y t h e
b o n d s t o b e is s u e d in e x c h a n g e f o r t h o e x i s t i n g s e c u r it ie s a r o t o m a t u r e in
f o l l o w i n g c o m p a n i e s , w h i c h o w n a ll t h o c a p i t a l s t o c k o f t h e C h i c a g o A
1 9 5 9 , a r o t o b e a r 4 % in t e r e s t f r o m J a n . 1 1 9 1 6 (o r i f f r o m a l a t e r d a t o w it h
W e s t e r n I n d i a n a R R . C o . ( $ 1 , 0 0 0 , 0 0 0 e a c h ) , v i z . : C h i c . A E a s t e r n I ll i n o i s
a n a d j u s t m e n t o f in t e r e s t f o r t h e I n t e r m e d ia t e p e r i o d ) , a n d a r o t o b e r e ­
R R . , C h ic . I n d . A L o u is v ille R y . , G ra n d T r u n k W e s te rn R y . . W a b a s h R y .
d e e m a b l e o n a n y s o m i-a n n u a l in t e r e s t d a t e , in w h o lo o r in p a r t , a t 1 0 2
a n d E r io R R . C o .
T h o A t c h . T o p e k a A S a n ta F o R y . C o . a ls o u ses th e s e
a n d in t e r e s t .
T h o t o t a l a u t h o r i z e d is su e is n o t t o o x c c e d $ 3 5 ,0 0 0 ,0 0 0 .
t r a c k s a n d s t a t io n u n d e r a l o n g - t e r m le a s e a t a f i x e d a n n u a l r e n t a l , p lu s a
T h e s e n e w b o n d s w ill b o s e c u r e d b y a m o r t g a g o e x c c u t o d b y t h o B . A O .
p r o p o r t io n a t e m a in te n a n c e , A c .
R R . C o.
T h e y a r o h it o n d e d u l t im a t e l y t o b o a d i r e c t lio n u p o n t h o m a in
T h e “ B o l t R a i l w a y ” d i v i s i o n , i n c l u d i n g t h o c le a r i n g y a r d u p o n w h ic h
lin o b e t w e e n C i n c i n n a t i a n d D a y t o n , u p o n t h o l e a s e h o ld i n t e r e s t in t h e
th e F irs t A R e f . M . b o n d s ( m o s t ly p lo d g e d t o s e cu re th e 2 -y e a r 6 % n o te s o f
m a in lin o f r o m D a y t o n t o T o l e d o u n d e r t h o p e r p o t u a l le a s o f r o m t h o D a y t o n
1 9 1 5 ) a r e a f i r s t l i e n , is o p e r a t e d u n d e r a 5 0 - y e a r e x c l u s iv e le a s e b y t h e B e l t
A M ic h i g a n R y . C o . , u p o n t h e b r a n c h lin e s e m b r a c e d in t h o p l a n , a n d u p o n
R y . C o . o f C h i c a g o , a ll o f w h o s e s t o c k is o w n e d b y t h e f o l l o w i n g 12 r o a d s :
t h o e q u i p m e n t o f t h o n o w c o m p a n y , a n d , in t h o m o a n t i m e , b y t h o p l e d g e
P e n n s y lv a n ia C o . , A t c h . T o p . A S a n t a F e R y . C o . , I l l i n o i s C e n t r a l R R .
o f a ll t h o R e f u n d in g M o r t g a g e b o n d s t o b o is s u o d b y t h o n o w c o m p a n y t o
C o . . C h ic . B u r l. A Q u in c y R R . C o . , C h ic . R o c k I s l. A P a c if ic R y . C o . ,
a n a m o u n t e q u a l t o t h o B . A O . b o n d s Is s u e d .
C h e s . A O h io R R . C o . o f I n d i a n a , M i n n . S t . P . A S . S . M . R y . , C h i c . A
T h e B . A O . ( V . 1 0 3 , p . 2 0 7 8 ) w il l a ls o r e c o i v o (1 ) t h e e n t i r o c a p i t a l s t o c k ,
E a s t . III. R R . , C h i c . I n d . A L o u i s v . R y . , E r i e R R . , G r a n d T r u n k W e s t o r n
a n d (2 ) A d j u s t m e n t A I m p r o v e m e n t M o r t g a g e b o n d s o f t h o n o w c o m p a n y .
R y ., W a b a sh R y .
T h o B e l t R y . C o . ( V . 1 0 4 , p . 1 4 8 8 ) is m e r e ly a n
o p e r a t i n g c o m p a n y , o w n in g n o m il e a g e .
T h o le a s e t o t h e B e l t R a i l w a y
B. A O. RR. Toledo-Cincinnali Divis. Bonds— $ 1 6 ,2 5 0 ,4 5 0 Now Issuable.
C o . p r o v i d o s f o r a n a n n u a l r o n t a l , o f w h ic h a t le a s t $ 8 2 8 ,0 0 0 is p a y a b l e
P r e s e n t l y is s u a b lo tn e x c h a n g e f o r o l d s e c u r it ie s 4 p o r c e n t s ___ $ 1 1 ,2 5 0 ,4 5 0
T o b o is s u e d f o r c a s h r e q u ir e m e n t s o f t h o p la n ( o t h e r t h a n p u r ­
d i r e c t l y t o t h e t r u s t e e o f t h e F i r s t A R e f u n d i n g M t g e . in m o n t h l y i n s t a ll­
m e n t s , t h is p a y m e n t t o b e I n c r e a s e d f r o m t i m e t o t i m e b y a n a m o u n t e q u a l
ch a se o f G en era l M . b o n d s o f 1939) a n d p u rch a se d b y R e o r ­
t o t h e i n t e r e s t o n a ll o b l i g a t i o n s is s u e d f o r i m p r o v e m e n t s t o t h e " B e i t
g a n iz a t io n M a n a g e r s t o p r o v i d e f o r m a t u r in g e q u i p m e n t a n d
D iv is io n .”
T h e o p e r a t i n g c o m p a n y m u s t a ls o p a y t h e t a x e s a n d i n t e r e s t
r e c e iv e r s ’ o b l ig a t io n s , r e o r g . e x p e n s e s , i m p t s . , A c . , 5 % ______
5 , 0 0 0 .0 0 0
o n a ll b o n d s h e r e a f t o r I s s u e d f o r i m p r o v e m e n t s o r a d d it i o n s t o s a id d i v .
T o b o r e s e r v e d t o r e t ir e a t m a t u r i t y , o r e a r lie r , t h o b o n d s u n d is ­
t u r b e d b y t h e p l a n , a s a b o v e r e c it e d , o r f o r a c q u i s i t i o n o f u n ­
D IV I D E N D S .—
f ’ 9 5 . ’ 9 6 . ’ 9 7 ’ 9 8 . ’ 9 9 1 9 0 0 t o M a r 3 1 '1 7
d e r l y in g s t o c k s , b r a n c h lin e s , b r a n c h lin o b o n d s , a id in r e f u n d ­
6
0
0
6
6 y e a r ly
P e r c e n t _____________________________ \ 7 H
i n g , o r f o r c a p i t a l e x p e n d it u r e s f o r e q u i p m e n t , a d d it i o n s a n d
B O N D S .— T h e G e n e ra l M t g e . b o n d s a re d r a w n a t 10 5 a n d In te re st.
b e t t e r m e n t s , o r t o a c q u i r e F ir s t A R e f u n d i n g M o r t g a g o b o n d s
O f t h e C o n s o l . 4 s o f 1 9 0 2 ( a u t h . Issu e $ 5 0 ,0 0 0 ,0 0 0 ) , $ 4 , 2 2 6 , 0 0 0 a r e r e ­
o f n e w c o m p a n y is su e d f o r a n y o f s u c h p u r p o s e s ------------------------- 1 8 ,7 4 9 ,5 5 0
s e r v e d t o r e t ir e G e n e r a l 6 s .
V .8 7 , p . 3 6 , 160 4, 1603: V . 8 8 . p . 1 00 , 3 74 ;
T h e B . A O . R R . C o . p r o v i d e d t h o c a s h t o p a y $ 7 0 0 .8 6 f o r e a c h o ld
V .9 2 , p . 3 9 4 ; V . 9 3 . p . 166 8 : V .9 7 , p . 1 4 2 5 ; V .9 8 , p . 2 3 5 , 4 5 2 ; V .1 0 4 ,p - 8 6 2 .
G e n e r a l M o r t g a g o b o n d o f 1 9 3 9 w h ic h b c c a m o s u b j e c t t o t h o p l a n .
O f t h e 1 st & R e f . b o n d s o f 1 9 1 2 ( $ 2 0 0 ,0 0 0 ,0 0 0 a u t h . I s s u e ), w it h I n t e r e s t
Distribution to Iiolders of Existing Securities Other than the B. A O. RR. Co.
n o t t o e x c e e d 5 % , $ 5 0 ,0 0 0 ,0 0 0 a r e r e s e r v e d t o r e fu n d e x i s t i n g b o n d s ,
Amount.
Existing Securities—
New B. AO.
4 % Bonds. Cash.
$ 5 0 ,0 0 0 ,0 0 0 f o r a d d it i o n s a n d im p r o v e m e n t s t o t h e B e l t d i v i s i o n , in c lu d in g
$ 7 , 5 0 0 ,0 0 0 F ir s t A R e f . M . 4 s , g u a r , b y B . A 0 . - 1 0 0 %
$ 7 ,5 0 0 ,0 0 0
1%
C h ic a g o U n io n T r a n s f e r R y . , f o r $ 4 , 4 0 0 , 0 0 0 . a n d $ 1 0 0 ,0 0 0 ,0 0 0 f o r n o w
1 .6 7 7 .0 0 0
Do
do
n o t s o g u a ra n te e d 8 5 %
1 ,4 2 5 ,4 5 0 ................
t e r m in a ls a n d o t h e r i m p r o v e m e n t s .
T h e r e a r e $ 1 8 ,4 9 7 ,0 0 0 o f t h e s e o u t ­
1 7 ,5 2 9 ,0 0 0
Do
do
G e n . M . b d s . o f l 9 3 9 ..................................
70% +
s t a n d i n g , $ 1 7 ,2 4 7 ,0 0 0 b e i n g p l o d g e d u n d e r t h e 2 - y e a r 5 % n o t e s o f 1 9 1 5
3 .5 0 0 .0 0 0 C i n c i n n a t i D a y t o n A I r o n t o n 1 st 5 s . 6 0 %
2 ,1 0 0 , 0 0 0 _________
(s e a b e l o w ) a n d $ 1 ,2 5 0 , 0 0 0 h e ld in t h e I n t e r e s t o f t h e B e l t R y .
N o a d d i­
2 2 5 ,0 0 0
P i q u a A T r o y B r a n c h 1 st 4 s _________ 1 0 0 %
2 2 5 ,0 0 0 _________
t io n a l F i r s t A R e f . b o n d s c a n b e I s s u e d u n t i l t h e a g g r e g a t e a n n u a l r e n t a ls
R e o r g a n iz a t i o n m a n a g e r s , K u h n , L o o b A C o .
p a y a b le a b o v e a ll o p e r . e x p e n s e s , t a x e s . A c . , s h a ll e q u a l t h e I n t e r e s t, in ­
D e p o s it a r i e s : (a) F o r F ir s t A R o f . M . b o n d s . B a n k e r s T r u s t C o . , 14 W a l l
c l u d in g b o n d s p r o p o s e d .
V . 101 , p . 6 9 3 , 4 4 8 ; V . 100 p . 1671.
S t . , N . Y . , a n d U n io n o f L o n d o n A S m it h s B a n k , L t d . , 2 P r i n c e s S t . ,
T h e $ 1 2 ,9 3 5 ,0 0 0 2 - y e a r 5 % c o ll a t e r a l g o l d n o t e s o f 1 9 1 5 a r o a c lo s e d Is s u e
L o n d o n , E . C ., E n g .
(b) F o r G e n e r a l M . b o n d s o f 1 9 3 9 , G u a r a n t y T r u s t
s e c u r e d b y d e p o s i t o f $ 1 7 ,2 4 7 ,0 0 0 F i r s t A R o f . 5 s .
A f u r t h o r $ 1 , 0 0 0 ,0 0 0
C o ., 140 B r o a d w a y , N . Y ., a n d 33 L o m b a r d S t ., L o n d o n , E . O ., E n g .
n o t e is s u e w a s s o l d S e p t . 1 1 9 1 5 . V . 1 0 1 , p . 6 9 3 , 4 4 8 ; V . 1 0 3 , p . 5 7 .
(c)
F o r 1st M . b o n d s o f t h o Cincinnati Dayton A Ironton 11R. Co. a n d 1st M .
E A R N I N G S . — 4 m o s . , / 1 9 1 7 ................... G r o s s , $ 5 8 ,0 9 4 ; n e t l o s s , $ 1 2 8 ,2 8 0
b o n d s o f Piqua A Troy Branch Rli. Co., E q u it a b le T r u s t C o . , N o w Y o r k .
J a n . 1 t o A p ril 3 0 .
\ 1 9 1 6 ______________ G r o s s , 5 6 ,9 0 8 ; n o t lo s s , 1 0 7 ,1 7 7
Results for Year ending June 3 0 1 9 1 6 on Properties Embraced in llcorg. Plan
T h e p r o p e r t y e m b r a c e d in t h e p la n s h o w s a s u r p lu s a v a i l a b l e f o r
R E P O R T .— F o r y ea r 1916, V . 104, p . 24 5 1 ; V . 104 . p . 8 6 2 , 189 8, 24 5 1 .
r e n t a ls a n d I n t e r e s t , o v e r ( c o m p a r e B A O R R ________________ $ 1 , 8 0 0 , 0 0 0
C I N C I N N A T I B L U F F T O N & C H I C A G O R Y .— See V . 104, p . 763 .
D e d u c t in g i n t e r e s t c h a r g o s o n $ 1 6 ,2 5 0 ,4 5 0 o f n o w B . A O . R R .
C o . b o n d s , p r o p o s e d t o b e p r e s e n t ly Issu ed u n d e r t h o p la n in
C I N C I N N A T I F I N D L A Y & F O R T W A Y N E R Y . — O w n s F in d la y , O ,.
r e s p e c t o f s u c h p r o p e r t y , a n d t h e r o n t a ls a n d In t e r e s t c h a r g e s
t o F o r t W a y n e , I n d . , 8 0 .0 9 m ile s ; f r o m D e l p h o s t o M a n d a i o , 1 1 .3 0 m ile s .
o n t h e u n d e r ly in g s e c u r it ie s w h ic h a r e n o t t o b o d i s t u r b e d
V . 77, p . 88, 694.
L e a se d to C in . H a m . A D . , w h ic h g u a r a n te e d b o n d s ,
u n d e r t h e p la n , w o u ld le a v e a s u r p lu s o f o v e r _____________________
(5 0 0 ,0 0 0
p r in . a n d in t .
V . 78, p . 286, 342, 701.
C o u p o n s d u o N o v . 1914 w ere
d e fa u lte d .
V . 99, p . 1451.
P r o p e r t y w a s n o t in c lu d e d in t h e C . I I . A D .
— V . 101, p . 1263, 1701, 2 0 0 1 , 2 4 5 1 , 255 2.

C H I C A G O U N I O N S T A T I O N C O . — I n c o r p o r a t e d In I ll i n o i s .
Owns
o l d U n io n S t a t i o n a n d is b u i l d in g e x t e n s i v e n e w t e r m in a ls c o v e r i n g 3 5 a c r e s ,
a t c o s t o f $ 4 7 ,0 0 0 ,0 0 0 .
In J a n . 1917 5 % c o m p le t e d .
C a p it a l s t o c k , a u t h .,
$ 3 ,5 0 0 ,0 0 0 ; o u t s t a n d in g , $ 2 ,8 0 0 ,0 0 0 , h e ld o n e -fo u r t h e a c h b y P e n n s y l­
v a n i a C o m p a n y , P i t t s . C i n . C h i c . & S t . L o u is R y . , C h i c . B u r l . & Q u in c y
R R . a n d C h ic . M ilw . & S t. P a u l R y .
T h e s t a t io n w ill b e u s e d b y t h e f o u r
p r o p r io ta r y c o m p a n ie s a n d th e C h ic a g o & A lt o n R R .
T h e $ 3 0 ,8 5 0 ,0 0 0 1 st
m t g e . b o n d s a r e p a r t o f a n a u t h o r i z e d is s u e o f $ 6 0 ,0 0 0 ,0 0 0 .
T h e y a re
g u a r. p r in . & in t. b y t h o fo u r p r o p r ie ta ry c o m p a n ie s .
R e d . a t 105 o n o r
a fte r J a n . 1 1 9 2 1 .
S ee V . 103, p . 6 0 , 667 , 1301; V . 104, p . 2010.
C H I C A G O U T I L I T I E S C O — I n c o r p o r a t e d In M a in e A p r i l 9 1 9 1 2 t o
• u c c e e d (p e r p la n V . 9 4 , p . 9 3 8 , 9 3 9 , 1 3 8 6 : V . 9 4 , p . 3 5 0 ) t h e I ll i n o i s T u n n e l
C o . a n d C h ic a g o S u b w a y C o . fo re c lo s e d . V . 9 4 , p . 9 1 1 , 1 0 5 6 , 111 8; V . 9 8 .
p . 6 5 2 . 1 0 8 9 . R e o r g . p e r p la n o f O c t . 2 1 9 1 1 ( V . 9 3 . p . 9 3 8 , 9 3 9 . 1 3 8 6 .) .
C o m p a n y a c q u i r e d (e it h e r d i r e c t l y o r o t h e r w i s e ) a ll t h e c a p i t a l s t o c k a n d
m o r tg a g e n o te s o f th o C h ic a g o W a r e h o u s e & T e r m in a l C o . a n d th e C h ic a g o
T u n n e l C o . (p u r c h a s e r o f p r o p e r t y o f I ll i n o i s T u n n e l C o . ) a n d t h o I ll i n o i s
T e le p . & T e le g . C o .
T h e s u b . c o m p a n ie s o w n p r o p e r t y fr e o o f in c u m ­
b r a n c e s e x c e p t c e r t a in m o r t g a g e s h e ld b y t h e U t i l it i e s C o .
T h o C h ic a g o
T u n n e l C o ’s , p r o p e r t y w a s s o l d f o r $ 5 9 ,9 2 3 t a x e s o n D e c . 4 . — V . 1 0 3 , p . 2 1 5 5 .
T h e r e is o w n e d b y s u b s i d i a r y c o m p a n i e s 6 0 m ile s o f t u n n e l, o p e r a t e d w it h
n a r r o w -g a u g e e l e c t r i c m o t o r s a n d c a r s , fo r t h e t r a n s fe r o f f r e i g h t b e t w e e n
t h o v a r i o u s r a i lr o a d t e r m in a ls in t h e C i t y o f C h i c a g o a n d t o a n d f r o m t h e
d o w n t o w n b u s in e s s d i s t r i c t a n d b e t w e e n b u s in e s s h o u s e s ; s e e V . 8 6 , p . 7 2 0 ;
V. 8 7 , p . 1357.
T h e p r o p o s e d s a le o f t h o ( u n p r o f it a b l e ) t e le p h o n e p r o p e r t y
w a s b l o c k e d b y U . S . A t t o r n e y - G e n e r a l , a n d in J u n e 1 9 1 7 t h o c i t y w a s
a s k e d t o a c c e p t $ 1 5 0 ,0 0 0 f o r r ig h t t o j u n k t h o t e le p h o n e s y s t e m . V . 1 0 4 , p .
2552.
S u it f o r 3 8 , 0 0 0 , 0 0 0 is p e n d i n g a g a in s t A m e r . T e l . & T e l . C o . f o r
f a il u r e t o c o m p l e t e p u r c h a s e .
V . 103, p . 1121, 7 5 8 , 1301; V . 101, p . 3 6 9 .
A p r i l 1 9 1 5 c o u p o n o n S e r ie s A u n p a i d .
V . 100, p . 1256, 1751.
E A R N I N G S .— S in ce 1913 n o In co m e f r o m s u b s id ia r y c o m p a n ie s .
F or
y e a r 1 9 1 3 : G r a s s , $ 7 8 9 ,2 0 7 ; o p e r a t i n g e x p e n s e s , in c lu d in g t a x e s , $ 8 7 1 ,4 1 3 :
o p . d e f . , $ 8 2 ,2 0 7 ; o t h e r I n c o m e , $ 1 9 ,6 2 9 .
See V . 101 , p . 369 .
D ir e c t o r s .— F . S . P e a b o d y a n d S p e n ce r O tis , C h ic a g o ; S a m u e l M c R o b e r t s . N o w Y o r k ; R . J . D u n h a m , J o s e p h H a r r is ; P r e s . , S . W . T r a c y , C h i ­
c a g o ; T r e a s . & S e c ., J . C . P a y to n .
C h ic a g o o f f i c o , 7 5 4 W . J a c k s o n B o u l.
— ( V . 1 0 4 , p . 4 5 1 , 1 8 9 8 , 2 5 5 2 .)







42

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[F o r abbreviations, A c ., see notes on firs t page]

M iles Date
R oad B o nd s

Am ou nt
Outstanding

Par
V alue

Cincinnati Ind & Western—1st M 312,000,000
284
gold redeemable on any interest day at 105 --Eq.c*
do $32,000 due s-a toApr’21then$33,000-PeP c*
Cincinnati Inter-Terminal RK—1st pref stk (see text) Text
76
Cincinnati Lebanon & North 1st con ggupAl — xc*
29
Dayton Leb & Cin RR&T—First M g call 105 ass’d_
Cln & Musk Val—See Cleve Akron A Cincinnati Ry.
Cln New Orl & Texas Pac—Common stook $3,000,000
Preferred stook (aAd) 5% cumulative $3,000,000 Equip trusts Ser C due $50,000 s-a(V92, p 1031) Bax

R a le

%

[Vol. 104

When
Payable

L a st D ivid en d
an d M atu rity

P laces W here Interest and
D ivid en ds are P a y a b le ; ;

1915 $100 See
1916
1,00)
1916
100
1902
1.000
600 Sec
1914
100
100
1,000
1911
1916
1,000
1st M $3,000,000 gold........................... G.xc*Ar
206 1901
1 .0 0 0
Equip trusts due $43,000 ann Sept T7 to ’25--k.c*
1915
1.000
Cincinnati Richmond & Ft W—1st M gold Int guar-o*
86 1871
500
Clarksburg Northern RR—1st M g red V. 102. p. 1987
1911
50
Clearf’d & Mahoning—Stook 6% rent $1,000,000 auth
1,000
First mortgage gold guaranteed B R A P__G.xo*Ar
26 1893
100
Clev Ak A Columbus gen M (now first) gold- -_c*
187 1887 600 Ac
1,000
First consol, mtge $4,000.0001 guaranteed p A 1end 1 187/ 1900
1,000
gold sinking fund______ f not guaranteed.xc* )
1 1900
1,000
Cln A Mask Val 1st M $2,000,000 g gu s f ___ F.xo*
148 1898
100
Cleveland Cincinnati Chicago A St Louis—Com stook
100
Preferred stock 5% non-cumulatlve_____________
1,000
0 I St L A C con M drawn at 105 sink fund 1% _zc*
173 1880
Gen 1st M $10,000,000 g s f not drawn- Ce.xo Ar
1886 1.000 Ac
1,000
Cl Col C A I Gen cons M ($12,000,000) g. . Us.xc* Ar
391, 1884
1,000
Indian A St L 1st M In 3 series of $667,000.. Us.zo
72 1869
1.000
Olev Cln Chlo A St L White Wat Val D v 1st g.Ce.xo*
62 1890
Spr A Col Div (Col Spr A Cln) 1st M gold__ Ce.xo*
45 1890 500 Ac
1,000
Cairo Division 1st M $5,000,000 gold........Ce.xo*
269 1890
St Louis Div coll tr gold ($727,000 in s f) .Ce xoAr
194 1890 1,000 Ao
1 .0 0 0
Clncln Wab A Mich Div first mtge gold__ Us.xc*
201 1891
1.000
Gen M 100 years for $50,000,000 gold___ Ba.xo* A 1.021 1893
do
Series B . ._ ________________ 1,021 1893
1,000
1.000
Ch I A St L S L 1st M $3,000,000 gold gu.Ce.xo* A
44 1903
136 1890
1.000
Debentures ($10,000,000 authorized)__________x
1911
*’ x” Ser. “ A” are J. A J.: ser. ” B,’’ M. A S.: ser “ C.” M.AN

$2,675,000
M & N Nov 1 1965
New York
0 g
A
50 1,000
5g F
N Y, Equitable Trust Go
586.0JO
5 g A Sc O 15 Oct ’17-Apr ’26 PenriCoforlns onLlves, Ac
825,000
F A A Feb 1 1917 2% Cincinnati
4
1,368,000
4 g M A N Nov 11942
Penn R R Co, N Y
300,000
6 g M & S Mar 1 1934
5th-3d Nat Bk, Cincinn
2,990,000 12 In191C
>J A D Junol219176 H Cincinnati
do
2,453,400 5 In 1916 a—m Juno 1 1917 1 %
400,000
4H MAN 15 Nov'17-May ’21 Equitablo Trust Co
4K c J A D
1.620,000
3.000,000 See text March Mar 1 1917 3%
1,000,000
4
J A J Julv 1 1951
Guaranty Trust Co, N Y
387.000
5 g M A S Sept 1917 to ’25 Commercial Tr Co Phlla
1,800,000
7 g J A D June 1 1921
WInslow.LanlerAC0 ..N Y
321.000
5 g A A O Oct 1 1945
UnTr A Deo Co, Parkersb
900,000
J A J July 1 1917
0
Checks mailed
650.000
J July 1 1943
36 Wall Street,New York
5g J
7,500,000
Dec 1916 4%
1.800.000
5 g M A S Mch 11927
WInslow.LanlerACo.N Y
1,023,000
4 g F A A Aug 1 1940
do
do
51 1,000
4 g F A A Aug 11940
do
do
1.684,000
4 g F A A Aug 11948
Penna RR Co, Now York
47.056,300 See text M & S Sept 1 1910 2% Treas office. New York
10,000,000 Seo text 1J—J July 20 1917 114
do
do
578,000
M A N May l 1920
do
do
6
6,844.000
4g
Q—E Aug 1 1936
do
do
3.205.000
6 g J A J Jan 1 1934
da
do
2.000,000
7
July 1 1919
do
do
650.000
4 g J A J July 1 1940
do
do
1,103,500
4 g M A S Sept 1 1940
do
do
5,000.000
4 g J A .1Jan 1 1939
do
do
9,256.000
4 g M A N Nov 11990
do
do
4,000,000
4 g J A J July 1 1991
do
do
28,579,000
4 g J A I) June 1 1993
do
do
4, tO1,00(1
6 g J <Sc 1) June 1 1993
do
do
3 000.000
4 g A A O Apr 1 1953
Treas. office. Now York
March 1 Apr 1 1940
4
5,000,000
5.000,000
4 «g J «3g J Jan 1 1931
Treas office. New York

CINCINNATI INDIANAPOLIS & WESTERN RR.—Owns Hamilton,
O., to Springfield, 111., 284 miles; Sidell & Olney RR. (ail owned), Sided,
111., to West Liberty, 75 miles; trackage to Olney, 8 miles; trackage C. H. &
D. for passenger trains Hamilton to Cincinnati, 25 miles. On Dec. 1 1915
succeeded Cincinnati Indiana & Western R y ., foreclosed and reorganized
Independently of Cin. Ham. Sc Dayton tty., per plan in V. 100, p. 2084;
V. 101, p. 47, 1552; V. 102, p. 250; V. 103, p. 1780,1888; V. 104,p.361,2451.
STOCK—VOTING TRUST.—Capital stock auth, common, $7,500,000
5% non-cum. prof., $7,500,000. Par $100. The present issuos, $5,350,000
of each class> will bo covered by a voting trust till Dec. 1 1920 (unless
previously terminated by vote of the trustees theroundor). Voting trustees
aro Frederick II. Ecker, George K. Johnson, II. F. Whitcomb, L. Edmund
Zacker, J. A. Barbey. Equitable Trust Co., agent for trustees.
BONDS.—The now mtgo. is limited to $12,000,000. Seo tablo.
Equipment trusts of 1916, V. 102, p. 521, 1346, 1435.
LATEST EARNINGS.—/1917........... Gross, $898,633; net, $175,100
4 mos., Jan. 1 to April 30. 11916____ Gross, 702,077; net, 116,464
REPORT.—For cal. year 1916 in “ Chroniclo” of June 30 shows:
C al. Y ea r —
1916.
1915.
1916.
1915Gross earnings.$237,213 82,034,222 Gross incomo..$590,551 loss$33,475
Not, after taxes.$540,235 loss$38,863 Rents, &c____ 166,030
228,405
Other incomo.. 50,216
5,388 Interest........... 181,521
341,357
Gross income.. 590,551 loss$33,475 Balance sur .$243,000def$603,237
Sided & Olney RR. earnings are hero included only for first 11 months
of 1915; its gross earnings for 1916 were $90,119 and not deficit, after taxes,
rents, &c., $47,424.
OFFICERS.—Pres., B. A. Worthington; Sec., J. G. Moore: Trcas.,
D. J. Curren.—(V. 103, p. 1888; V. 104, p. 361, 2552.)

C L E A R F I E L D & M A H O N I N G R Y . — (See M a p D u /. R o c h . A P i t ts .) —

CINCINNATI INTER-TERMINAL RR.—Owns a road 0.6 m. In length
connecting the Chesapeake A Ohio bridge and the Cln. Ham. A Dayton
terminals. Controlled by Chesapeake A Ohio Ry. Common stook, $10,000
In $100 shares. Issued for purpose of control. There Is authorized $1,000,­
000 of first pref. 4% oum. stock secured by mtge. to the Union Savings Bank
& Trust Co. of Cincinnati, as trustee, and rentals paid by Ches. & Ohio and
Louisville A Nashville, and subject to call on any lnt. day after Feb. 1 1915
at 105. V. 79, p. 212: V. 80, p. 1728, 2398, 2620. Rentals received for
year ending June 30 1916, 533,497; dlvs.. $33,000; bal.. sur., $497. Pres.,
Geo. W. Stevens.— (V. 80. D. 2620.)
CINCINNATI LEBANON & NORTH. RY.—Owns Cincinnati. O.. to
Dayton, 56 m.; from Middlotown June, to Middletown, O., 14 m.‘; Hompstead to Clement, O., 5 m.; branch, 1 m. V. 99, p. 1831; V. 100, p. 139.
Stock, $2,100,000, owned by Penna. Co. V. 75, p. 9
~»u: '*
V. tUU.p. 53.
Div. of 3% paid in 1906, ’09 Sc TO; ’ ll & T2. 4%; Ti3, 5% ; T4, 3% ; T5.
none; T6, 4%. V. 99, p. 53. Tho $1,500,000 1st cons, 4s aro guar., p. & l.,
by Penna. C o. V. 77. p. 86; V. 98, p. 610. Cal. year 1916, gross, $815,589;
net, $146,181; other income, $56,951; charges, $101,772 ; dividends, $84,000;
surplus, $17,360.—(V. 100, p. 900.)
CINCINNATI NEW ORLEANS & TEXAS PACIFIC RY.—(See M a p
o f Southern R y. S ystem .) —Operates Cincinnati Southern Ry., owned by
city of Cincinnati, Cincinnati to Chattanooga, Tonn., 335 miles; trackago,
2 m. Owns entire stock of Harriman A N. E. Ry., 20 m., operated sepa­
rately. V. 77, p. 1743. In 1901 leaso was oxtended 60 years to Oct. 12
1966; rental under renowal to bo $1,050,000 yoarlv for first 20 years, then
$1,100,000 for 20 years; thereafter $1,200,000. V. 73, p. 722; V. 74, p. 1251;
V. 95, p. 1402. Pref. stock has no voting power. V. 74, p. 528, 829.
DIVIDENDS.— /1904. 1905. 1906. 1907-T0. ’ ll. T2-T5. T6. T7.
5
5^
5
8
11 y’ly 12 6!4,Common........... % \ 2
Dividonds on common stock somi-annually (J. & D.), 3%, and in Dec.
1916 and Juno 1917, Z 'A % oxtra. V. 103, p. 1980. Majority of common
stock is owned by S. W. Construction Co., which in turn is controlled by
Ala. Great So. RR., Ac. V. 61. p. 26: V. 65, p. 1173.
LATEST EARNINGS.— (1916......... Gross, $6,153,374: net, $2,133,515
6 mos., July 1 to Dec. 31.11915.........Gross. 5.194.416: net, 1,368,390
Four months;
(1917........ Gross, $4,060,679; net, $1,102,463
Jan. 1 to April 30. \1916....... .Gross, 3,866,526; not, 1,103,539
ANNUAL REPORT.—For year ending Juno 30 1916, V. 103, p. 1977.
Yea r —
G ross.
N e t.
Oth. I n c . R entals. A c .
D ie s. D al.,S ur.
1915-16— $11,060,439 S3,087,015 $524,131 $2,360,815 $451,5708798,762
1914-15----- 9.422,252 2,241,689 366.403 2.142,379 451 570 14,143
Dividends include yearly $122,670 (5%) on pref. and $328,900 (11 %) on
common stock.—(V. 102, p. 1539; V. 103, p. 1977, 1980.)
CINCINNATI NORTHERN RR.— {S e e M a p s N e w Y o r k C e n tr a l L i n e s .)
—Owns Franklin, O.. to Jackson, Mich., 205 miles; branch. Lewisburg, O., to quarries, 1 in.; trackage (C. C. C. & St. L.), Franklin to Cin­
cinnati, 38 miles; at Jackson, 1 mile. On Dec. 31 T6 Clov. Cin. Chic. &
8t. L. owned $1,707,400 of the $3,000,000 stock and $581,000 bonds.
Equip, trusts, see V. 101. p. 1713. Dlvs. Mar. 1910 and 1911, 3%; 1912
and 1913, 1>*%; 1914 and 1915, none; 1916 and 1917, 3% Mar. 1.
REPORT.—Report for cal. year 1916, V. 104, p. 1591.
Calendar
Operating N e t {after
Other
F ixed
D ie s.
Balance,
Y ea r —
R evenues.
T a xes).
In c om e.
Charges. (3% .
S urplus
1916---------- $1,909,947 $527,172 CY.$ 16.924 $185,474 $90,000 $268,622
1915---------- 1,628,641 172,761
11,224 172,761 90,000 100,675
—(V. 104, p. 763, 1591.)
C I N C I N N A T I R I C H M O N D & F O R T W A Y N E R R . — Owns from Rich­
mond, Ind., to Adams, Ind.. 86 m.: leases 5 m. of P. Ft. W. & C. Now op­
erated (Jan. 1916) by Grand Rapids A Indiana Ry. Rental, net earnings.
Int. is guaranteed by the Pennsylvania Co. and Pitts. Cin. Chlo. A St. L Co.
lolntly(the P. O. C. & St. L. taking the place of the Cln. Ham. & Dayton
In 1888). Stook. $2,186,600 (par $50); Penn. Co. owns $1,277,000.
Y ea r ending D e c . 31—
Gross.
N e t.
I n t ., A c .
D a l.. Sur.
1916...............................$920,636
$237,250
$190,980
$46,270
1915.............................. 827,262
k.198,330
188.540
9.790




Owns road, completed In 1893, from Du Bols Jet., Pa., on But. R. A P., to
Cilearfleld on Beecn Creek RR.. 26 miles. Leased during corporate existence
and renewals thereof to BulTalo Rochester * Pittsburgh—which see—at a
rental payable in gold and equal to 6 % on $1,000,000 stock, par $50, and 5%
on bonds, the latter being guar., p. & 1., by endorsement.—(V. 89, p. 1141.)
C L E V E L A N D A K R O N & C I N C I N N A T I R Y . — (See M a p s o f P e n n s y l'
•ania R R .)—Owns from Hudson, O , to Columbus, O., 144 miles; Klllbuok
to Trlnway, 34 m.; Morrow to Trlnway, 148 m.; Apple Creek branch, 9 m.;
total owned, 335 m. Owns a fourth Interest in Akron & Barberton Belt
R R . 24 m.. and half Interest In Zanesville Term RR., 5 in. V. 76, p. 435.
A consolidation July 1 1911 of the Cleveland Akron & Columbus Ry. and
Cincinnati A Muskingum Valley RR. Pennsylvania C om p a n y owns $7.­
498,488 of the $7,500,000 outstanding stook. Onerated by Pennsylvania
Co. under arrangement terminable on 6 mos.’ notice, the net earnings to
go to C. A. & C. V. 93. p. 1669. First div., 2%, paid Sept.. 25 1911,
in 1912,6% (M.AS.); 1913. March, 3%; 1914 Sc 1915. none; 1916. Dec. 4% .
Of Cleveland Ak. & Col. 1st Consol, gold 4s of 1940 (Commercial Tr. Co..
Phlla., trustee!, $1,023,000 are guar.. r>. A (., by the Penn. C o m p a n y .
V. 71, p. 390; V. 76, p. 653; V. 77, p. 1746, 2280.
Penn. C o. also guarantees Cln. a Musa. Val. bonds; see form. V. 76. p.
653. Car trusts Dec. 31 1916, 87,829. In 1916, gross, $4,930,617: not,
$902,969; other incomo, $41,065: charges, $383,821; dividends', $300,000;
bal., sur., $260,214.—(V. 96, p. 1364, 1697; V. 98, p. 522.)
C L E V E L A N D C I N C I N N A T I C H I C A G O & ST. L O U I S R Y . — (.See M a p s

N.
Y . Central
L in e s.) —ROAD.—Radiates from Indianapolis, Ind.,
westerly to Chicago, Peoria. Cairo, 111., St. Louis, easterly to Sandusky,
Cleveland, Columbus and Cincinnati, O., and southerly to Louisville.

Owned Directly—

M iles.

Saline Valley Ry_____________ 5
Cincinnati Sandusky A Cleve. RR.—
Sandusky, O., to Day’n, O.. &O.170
Trackage Into Cincinnati, &o.
65
Trackage into Jeffersonville___
62
Trackage Into Toledo (V. 79, p.
1023, 2696).........................
47
Total Included In earnings..2,387
(Doublo track 538 miles.)
Leased— lx entire stock owned) —
Operated; earnings kept separate —
Cincinnati Lafayette A Chlo. R y . 57 Cincinnati Northern............
*200
White Water— Harrison, Ind.. to
Kankakee A Seneca R R ......... 42
Hagerstown, Ind.............
x63 Mt. Gilead Short Line_______
2
Cincinnati Wabash & Mich. R y.—
Loulsv. A Jellcrsonv. Bridge.. *4
Benton liar, to Rushv.. Ind.x204
Leased and Controlled—
Total of system Dec 31 T 6 -. 2,641
Peoria & Eastorn R y.—
Trackage 111. Cent. Into Chlo.)
Springfield, O., to Pekin, 111..201
On percentage basis______ j 56
Vernon Greensb. A Rushv. R R .—
Operates In d epen den tly —
Rushville to N o. Vernon. Ind. 44 Dayton A Union RR.*_______
47
Evansville M t. C. Sc Nor. R y __ 33
•See this company.
HISTORY, Ac.—A consolidation of the Cincinnati Indianapolis St. Louis
A Chicago Railway Co., the Cleveland Columbus Cincinnati A Indianapolis
Railway Co. and the Indianapolis A St. Louis Railway Co., made In July
1889, per plan in V. 48, p. 427. Of tho com. stock, $30,207,700 was on Doc.
31 1916 owned by N. Y. Cent. RR. V. 72, p. 8 6 ; V. 82, p. 749, 1912­
13 purchased subsidiaries (V. 95, p. 418, 890. 1472; V. 97. p. 1114, 1821.
The company is also 0 110 -elghth owner of Peoria A Pekin Union Ry.
(through the Peor A East. Ry.). one-fifteenth owner In Terminal RR.
Association of St. Louis, and two-fifths owner of Indlanap, Union lty., and
part owner of Cent. Indiana Ry.. Cent. Union Depot A Ry. of Cincinnati,
Union Depot of Columbus. Dayton Union Ry.. Dayton A Union RR.. Man­
cie Belt Ry., operated independently. Shareholders voted Dec. 4 1916 to
purchase tho control of Sallno Valley Ry. and Evansvillo Mt. Carmel &
Northern Ry. V. 103, p. 1888, 2155.
DIVIS.) ’01. ’02 to ’07. ’08. ’09. TO. ’ll. '12. '13. 14-T5. TO. T7.
Com
f 3H 4 yearly 1 2 2
0 0
0
0
___
Pref % J 5
5 yearly 5 5 5
5 6 31* 0
2/4 textDividends on pref. stock July 1916 to July 1917, I X % quar. (5% p. a.).
BONDS.—St. L o u is D iv ision bonds, seo deed of trust, V. 52, p. 42-45.
The 100-year mortgage is limited to $50,000,000. On Doc 31 1914
$17,090,000 Gen. 4s were reserved for prior liens (exclusive of Cairo division,
Peoria Division, Michigan Division and the St. Louis Division west of Terre
Haute), and the balance for equipment, construction and bettermonts, Ac..
$1,000,000 yearly. Seo V. 79, p. 733; V. 83, p. 379; V. 87, p. 1010; V. 90,
p. 620, 1044: V. 94. p. 1118: V. 97, p. 1114: V. 98. p. 1459: V . 101, p. 2144.
Guar. Chic. Ind. & St. Louis Short Lino Ry.. Cent. Ind. Ry and
Springfield Union Depot Co. bonds. V. 77, p. 510. 517, 769, 1303," 2280:
v . 78, p. 1900,1961: V. 79, p. 2589; V. 95, p. 1541.
As to tho $9,650.181 4s sold May 1910, payable In francs, and $10,000,000
4H-s sold in June 1911. seo V. 89, p. 720, 778, ti ll; V. 90, p. 1238, 1296.
1424, 1554; V. 91, p. 1710; V. 92, p. 1700.
Guarantees Evansv. Mt. Carmel & Northern Ry. bonds. V. 95, p. 890.
Guarantees Jointly with other roads Gon. Sc Rof. bonds of Indianapolis
Union Ry.. which see. V. 100. p. 555.
Jointly with five other roads covenants to pay New York Central Linos
$71,494,000 equipment trusts of 1907, $1,480,139; 1910, $1,597,007; 1912,
" ’ .598,902, $1,284,071. V. 85, p. 1401; V. 8 6 , p. 168; V. 8 8 , p. 761;
V . 90, p. 1677; V. 93, p. 1728.
In May 1914 $5,600,000 5% eaulomont trusts wore authorized, due about
$362,000 yoarly Juno 1 1915 to 1929, of which $3,870,000 was sold then and
$1,495,000 In Juno 1916. V. 102, p. 2077: V. 98, p. 1693; V. 100, p. 397.
In May 1917 tho company arranged to issuo under a now equipment trust
agreement an initial $2,370,000 5% equlpinont notes on account of equip­
ment contracted for. Seo “ Chroniclo of Junol30 1917.
Cleveland,,0., to Springfield, 0 ..1 8 3
Gallon, O.', to Indianapolis______203
Springfield to Indianapolis______137
Delaware to Springfield__________ 50
Cincinnati to Lafayette_________ 170
Harrison Branch________________ 7
Cairo to Danville_______________260
Indianapolis to East St. Louis__ 249
Hillsboro to Lenox_______________ 56
Dayton to Ludlow Grove________ 47
Other___________________________ 85

June, 1917.1

43

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
lF o r abbreviations, & c ., see notes on fir st page]

M iles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

La st Dividend
and M aturity

Places Where Interest and
Dividends are Payable

J A D June 11930
4
1910 500$frAo $9,6.50,181
Morgan,HarjesACo,Pari*
Dobonturos----J & D To June 1929 Guaranty Trust Co. N Y
5
1914 1,000 &c 4,8 19,000
Big Four By equip trust due 8373,000 yearly G.c*
1915
do do equip trusts g guar duo $115,000 yearly
•5g J <*c \ Julv 1917-1929 Comm Tr Co, Philadel’ia
1.000 1,495.000
?
J & D To June 1927
5
1917
Equip trust Initial $2,370,000 duo l-10th yearly _Q
M & N
237,000
5
1905-6
Central Grain Elevator 1st M assumed--------------Obligations o f P rop rieta ry L in e s .
M A N Nov 1 1916 3% Treas office. New York
428,997
6
50
Clnolnnatl Sandusky A Cleveland—Preferred stock.
5 g J & J Jan 1 1928
170 1888
1,000 2,571,000
do
do
Consol (now first) mtge $3,000,000 gold-.AB.zo
750,000
4 g M A N May 1 1953
1,000
Central Trust Co, N Y
118 1903
Central Indiana 1st M (guar )4 of $1,500,000)-Ce.xf
2,118,000
(A11 owned by Big Four)
1910
4)4 g J & J July 1 I960
Evansv Mt Car & No 1st M $5,000,000 gu Q.xc*&r*
Louisville A Jeffersonville Bridge 1st M—See thatCo
See toxt
Indianap Un Ry Gon & Ref M $10,000,000 See text
Cleveland Columbus Cincinnati & Indianapolis— Cleve and I ndiana polls St Louis & Chi cago—Se e Clevela nd Cincinnati C hloago A St Louis
Cleve Lorain & W heeling —See Baltimore & Ohio RR
50 N’neJ’ne'17
4)4 A & O New—see text
Cleve & Al V—Prof stk 4H% cum ($2,851,800 auth)
123 1888 1,000 Ac 2,936.000
6 g See t e x t . Jan 1 1938
Winslow, Lan A Co.,N Y
Cons M (now 1st) $3,000,000 g................ Ce.xc&r
Cleve & Alar—See Toledo Columous A Ohio Rlv. Ry.
7
50 11,228.300
Q—M June l 1917 \ U Winslow, Lan A Co. N Y
Cleve & Pittsburgh—Stook 7% guar by Penn RR Co
<)—M June 1 1917 2)4
9,450 10
do
do
50
Stock 10% guaranteed by Penn RR Co-------------4
do
do
50 17,316,100
C—M June 1 1917 1%
Speolal betterment stook $28,738,135 authguar4%
Mar-Oot 1942
4)4 g
X
do
do
1,000 4,561,000
Gen M $10,000,000 gold.. FI Series A A B.......xo* 20514 1892
1948-1950
do
do
3)4 g
1,000 3,980,000
T
Guaranteed prln and lnt(Series C & D------xo* 205 H 98-00
319,000
3)4 g A A O Oct 1 1942
do
do
1,000
(endorsed) Penn RR..ISeries B lnt reduced.x 205)4 1892
Cleveland Short Line —See New York Central R R
Cleveland Terminal & Valley—See Baltimore & Ohio.
Elkins, W Va, or Balto
1,000 4,059,000
5 g A A O Apr 1 1919
197 1904
Coal & Coke—First mortgage $5,000,000 gold---- x._
Coal & Iron— See Western Maryland. Coal River Ry —See Chesap eake & O hlo.
J A D Overdue
600.000
6
Reading Terminal, Phila
13 1868 100 *o
Cole brook dale—1st M $593,400 und Read M of 1897.0
100 2,000,000 New
Colorado AVidland RR—Pref stk 7% cum (see toxt).
100 31,000,000
Deo 31 1912I % Office 26 Liberty, N Y
Colorado & Southern—Common stock $31.000,000__
do
do
A A O Apr 2 1917 2%
100 8,500,000
First preferred 4% non-oumulatlve $8.500,000----do
do
100 8.500.000
Apr 2 1917 2%
1882
Second preferred 4% non-oumulatlve $8,500,000 ..
do
do
4 g F A A Feb 1 1929
1,000 19.402,000
First mortgage gold $20,000,000............. Eq.zo* 1,048 1899
do
do
4 )4 g M A N May 1 1935
Ref A Ext M $100,000,000 gold red 101 ,.Ce.xo»Ar* T e x t 1905 100 Ac 30,803,900
L in e s Controlled by Ow nership o f Practically En tire Capita l Stock
.1,000 8,176,000
Office, 26 Liberty St, NY
6 g J & D Dec 1 1921
454 18S1
Ft Worth & Denver City 1st mortgage gold.Ba.zc*
1,000
Fidelity Trust Co, Phila
1915
953,000
4)4 M & N Nov 1 1925
Eq tr Sor C $50,000 s-a rod aft May ’20 102 'A - FP
1,000
J * D Dec 1 1937
Office, 26 Liberty St, NY
300,000
1907
6
Ft W & Donv Tor Ry IstM $2,500,000 call 105 Baxc
1,000 1,332,000
Chem Bk, N Y, & Col Sp
74 1900
5 g J * J Jan 1 1930
Col Spgs & Crip Or D Ry— 1st M $2,000,000 gsfCez
1,000 1,379,000
do
do
1902
5 g A & O Oct 1 1942
First consol mortgago $3,600,000 gold.-G.xc&r
x Series “ A,” J A J: “ B” A * o. v •‘C ’ , M ft N: ” D.” F & A.
Cleve Cine Chic & St Louis (C oncl)—

GENERAL FINANCES.—Capital stock por mile of road ownod, di­ to Loadville, 4.80 m.; total ownod, 261.10 miles. Leases Rio Grande Jet.
rectly or through proprietary cos., Doc. 31 1916, $31,454; bonded debt, Ry., Rifle Creek to end It. G. J. Ry., 62.03 m.; trackage to Rifle Creek,
&c., 14.46 m.; total, 337.64 miles. Improvement proposed, include an
$55,451. Prof. divs. resumed in 1916.
link connecting the Uintah RR. at Mack, Colo., with the Grand
EARNINGS.— 1 mos., J1917....Gross, $15,619,782; not, $3,153,301 8-mile
River Valloy RR. at Friuta. The Uintah line taps asphaltum and gilsonJan. 1 to Apr. 30.
\1916___ Gross, 14,483,530; not, 3,990,243 ito
deposits in the Book Cliff Mtns., near Dragon, Utah, now delivering
REPORT.—For 1916 (incl. Peoria & Eastern Ry.), V. 104, p. 1602, 1794- its tonnage to the Rio Grande at Mack. V. 104, p. 234.
Y ea r ending D e c . 31—
1916.
1915.
1914.
ORGANIZATION.—Successor June 1 1917 of tho Colorado Midland
Milas operated...............................
2.3S7
2,385
2,381
ailw ay (V. 61, p. 1224, 1226), sold under foreclosure of 1st M. April 21
Railroacfrovonuos___________
$46,678,240 $38,364,087 $35,365,691 R1917
to A. E. Carlton and associates of Colorado Springs, for $1,425,000;
Operating incomo (after taxes)______ $13,763,702 $9,314,103 $4,878,730 salo confirmed
May 11. V. 101, p. 1701, 2010, 2342.
Othorincomo..................................... 1,297,643 1,134,835
933,198
CAPITALIZATION.—On Juno 1 1917, on taking possession, tho com­
Gross corporate incomo................ $15,061,345 $10,448,938 $5,811,928 pany auth. and issued $8,000,000 common stock and $2,000,000 7% cum.
$575,901 prof., the common and $l,425,0o0 pref. being Issued to acquire the property
$571,041
Rentals of loased lines____________ $571,041
Interest on bonds, &c....... ................ 4,798,088 5,089,110 4,632,909 and $575,000 prof, for cash. Before any dividends on common are paid,
556,184 1,706,712 an equal amount must be placed in the sinking fund for retirement and can­
Hire of equipment, incl. interest_____
519,461
704,150
755,126 cellation of preferred. On June 5 1917 there was no indebtedness, either
747,679
Other rents..__________________
207,525
114,968 on road, equipment or any other property of the company. V. 104, p. 2342.
Miscellaneous__________________
309,169
Equipment depreciation account___
750,000
--------------EARNINGS.—1 mos., (1917...........Gross, $411,987; net. def., $67,561
Dividends on preferred_________ ( 3 M %)374,944 _
Jan. 1 to Apr. 30.
11916_____ Gross, 441,870; net, def. 17,191
Year—
G ross.
T o t a l N e t. I
Y e a r.
G ross.
Total N e t .
Balance, surplus or deficit____ sur.$6,999,964 sr$3,320,929df$ 1,973,687 1915-16____$1,516,758
$97,423 1913-14 ------ $1,761,981
$56,113
173.02011912-13 ____ 1,828,335
180,666
OFFICERS.—Pres., A. II. Smith; Vice-Presidents, A. II. Harris, W. K- 1914-15____ 1,698,780
Vanderbilt Jr., Abraham T. Hardin and Harry A. Worcester; Sec., Dwight
DIRECTORS.—A. E. Carlton, Spencer Penrose, Charles M. MacNeill,
W. Pardee; Troas., Milton S. Barger, N. Y.
E. P. Shove, Irving Howbert, C. C. Hamlin and Charles L. Tutt of Colorado
Directors.—William K. Vandorbilt, Wm. K. Vanderbilt Jr., Fred’k W. Springs; A. V. Hunter of Leadville; W. It. Freeman, C. O. Parks, Charles
Vanderbilt, Ohauncey M. Dopew, Alfred It. Smith, Goo. F. Baker, Wm. Boettcher, A. G. Miner and Gerald Hughes of Donver.
Rockefollor. Wm. II. Nowman, II. S. Vanderbilt, R. S. Lovett, Walter P.
OFFICERS.—Pres., A. E. Carlton; Chairman, Spencer Penrose; First
Bliss, W. C. Brown, Now York; Frank J. Jerome. Cleveland; Loonard J. Vice-Pros., Charles M. MacNeill, all of Colorado Springs; Second ViceHackney, Harry A. Worcester, Cincinnati.—V. 104, p. 1263, 1794, 2116 Pros., W. R. Freeman of Denver, representing tho minority stockholders;
G. Carlton (a brother of tho President), and Troas., II. L.
CLEVELAND & MAHONING VALLEY RY.—Owns ffom dloveian^tTo", Sec., Leslie
of Denver. (Charles Boettcher is President of Donver & Salt Lake
to Penn. State lino, 81 m. (77 double track): Niles, O., to Lisbon, O. Hobbs
RR. and Gerald Hughes is Sec. of that company.)—(V. 104, p. 559, 663,
36 m.; Girard to Youngstown, O., 6 m. Loasod to Nypano RR. (formerly 951,
1145, 1591, 1701, 2010, 2342.)
N. Y. Penn. & Ohio) under new loaso dated 1917; rental, $550,967, with an
additional amount contingent. Tho shareholders voted Fob. 23 1917 (a)
C O L O R A D O & S O U T H E R N R Y . —Company operates a system from
to issue $2 ,8 5 1 ,8 0 0 pref. (a & d) stock for improvements, elimination of Guornsoy, Wyoming, through Colorado to Fort Worth, Galveston, Hous­
grado crossings, &c.; (6) to make a modified lease for 999 years from ton, Dallas, &c. Total Dec. 31 1916, 1,842 miles, viz.: (*which see):
March 9 1917, during tho corporate existence, and all extensions thereof,
Controlled —
740 M i l e s .
L in es operated —
1.102 M ile s.
to tho Nypano Railroad Company, a subsidiary of tho Erio Railroad Denver,Colo.,
to Guernsey____ 249 Denver A Interurban RR........29
Co. V. 104, p. 163. Coup, int. is J. & J., registered int., Q.-J. Stock is Donver,
Fort
Worth
A
Denver
City____
*454
Col.,to
Texas
StateLine.347
$3,259,200, of which $3,258,400 is hold by “ Atlantic First Loased Lines Denver, Col., to Leadville, Col.. 152 Wichita Valley Ry.......................*52
Rental Trust Co., Limited,” of London. Divklonds: in 1906 to 1911, Denver, Col., to Silver Plume,Col. 55 Wichita Falls & Oklahoma............23
11.40%; 1912, 8M%: 1913. 11.20%; 1914, 11.25%; 1915, 11.40%; 1916, Other lines, branches, &c. (84
Wichita Valley RR....... .............. 61
11%,—(V. 63, p. 968; V. 104, p. 163, 1489, 1701.)
39
narrow gauge)_____________ 299 Abilene & Northern..............
Stamf.A N.W. Ry.(V.89,p.l281) 82
CLEVELAND & PITTSBURGH RR.—(Sea M a p P en n sylv a n ia R R .) —
Loasos Colorado Springs & Cripple'.Creek Dist. Ry.,
. . 74 miles (owned)
,
. to
Cleveland, O.. to Rochester, Pa., 124 miles; branches: Bayard, O.. to Ros­ Cripple
Oroek Central Ry. V. 94, p. 123. As to Colorado Midland, see
well, O., 39 m.; Yellow Creek to Bellalre, 43 m.; trackage. Rochester to that company.
Plttsb. (P. Ft, W. A Ohio.), 26 m.; other trackage. 23 m.: total, 255 miles.
In April 1906 acquired a one-half Interest in the Trinity & Brazos Valley
LEASE.—Leased for 999 years Deo. 1 1871 to Penn. RR. Co., and lease Ry., owning a line from Cleburne to Houston, Tex.,236 miles, with branch to
transferred to Pennsylvania Co. Rental: dividends on stock, Interest on Waxahatchio, 67 miles. In Dec. 1916 brought suit against Ch. R. I. &
bonds and organization expenses. “ Special guaranteed betterment stook” Pac. Ry.to compel payment of latter’s share ($5,889,718) of cost of building
(subordinate to the original stock as to dividends only), with dividends of tho T. & B. V. Ity.; also of other items. V. 103, p. 2428. See that co.
4% guar, by the Penn. RR., is Issuable for impts. V. 79. p. 2205, 2642: and V. 98, p. 1920.
V. 83. p. 625; V. 85, p. 1082; V. 87. d . 812: V 91, p. 1446;
fi3_ p. l785;
ORGANIZATION.—Reorganization Jan. 1899, V. 67, p. 748. In
V, 96. p. 135: V. 97, p. 1425; V. 98, p. 999; V. 100, p. 1348. Of tho special Deo.
the Chicago Burlington A Quincy acquired $23,657,500 common.
guaranteed 4% stock, Ponn. Co. owned on Doc. 31 1916 $5,472,850. V. 87,1908
p. 1663, 1604; V. 88. p. 158, 685.
„
„
V. 101, p. 1464. 448; V. 92, p. 1031, 1108. _________ ___
A
Owns a large majority of the com. stock of Fort Worth A Denver City
'BONDS.—Generals aro all equally secured; guaranty,’V TsaTp! 604. '1 Ry.. which see. Controls Denver & Interurban (Electric) Railway,
” EARNINGS—In'1916. gross', 814.7517629, net, $474447l6irp'rofit"to which owns 20 miles, and operates 31 miles of Col. A Sou., electrified, under
lease. V. 87. p. 950; V. 89, p. 934.
losseo, $2,600,735.—(V. 101, p 448, 694, 1464; V. 103, p. 578.) P
DIVS. ) ’03. ’04. ’05. ’06. *07. *08-*ll. ’12. ’13. ’14-’15. 1916. 1917.
**CLEVELAND UNION STATIONiProposed).—See vriOl.p. 1370.1552.
1st pref % V 4 2
0 4 4 4 yrly 4 4 None Oct,2% Apr, 2
COAL & COKE RY.—Owns from Elkins, W. Va., to Cliarlaston W. Va. 2d
pref. •% . . . . . . . .
4 4 yrly 4 4 None ______ Apr, 2
175.6 miles; Mabio to Belllngton, 16.1 m.; branch, Gassaway to Sutton, Common%J
.
.
.
.
.
. . . -- 2 yrly 1 0 None --------- ---------6.5 m.; total, 198.2 miles. About 100,000 acres of coal lands aro owned.
Dividends wore resumed In Oct. 1916 with 2% on 1st pref.
In Fob. 1917 control of the company was sold to Now York interests. Soe
BONDS.—1st M.. see V. 68, p. 1027: V. 77. p. 2158; V. 87, p. 444, 1160.
officers below. Three-mile cut off connecting with B. & o. RR. at BuckThe $100.000,OOOIRefundlng bonds of 1905 were made lssuableas follows:
hannon and purchase of 1,000 coal cars is propased.
•
Stock, common, $10,000,066, of which. $1,039,100 has boon acquirod and For Refunding bonds and equipment obligations of system------ $36,850,000
hold In tho treasury; 5% pref., $10,000,000 authorized Oct. 1907, of which For betterments and improvements. Including equipment, at the
cum. yearly rate of $500 per mile of operated A controlled lines 15,000,000
$8,881,800 issued to Purchase $6.300,000bond*and settiomont of other
debts; bonds reduced to $5,000,000, of which $941,000 in troasury. V. 85, For reimbursement of the treasury of the company, Ao_______ 2,500,000
For
acquisition of additional property (including proper provi­
p, 1005. Mortgago covers road and coal lands. Y. 78, p. 47. Loans and
sion for the cost of double-tracking parts of the malD lines).. 45,650,000
bills payablo Doc. 31 1916, $1,708,027; car trusts, $30,000.
The
Refunding bonds are secured by a first lien on all the bonds and prac­
RAILROAD EARNINGS.—(1917.......Gross, $410,178; not, $29,563 tically all
the stock of the cos. owning about 706 miles of road. Including the
4 mos., Jan. 1 to Apr. 30. \1916.......Gross, 363,099; not, 48,888
Wichita Valley lines and the Trinity A Brazos Valley Ry.; also, by direct
REPORT.—Yr. ond. Doc. 31 1916 showed: Grossi, $1,150,430; not, $2397­ lien, subject to the first mortgage, on about 1,042 miles of road owned by
595; othor incomo, $263,627; int., taxes, &c. $372,85b; bal., sur., $130,366. the Colorado & Southern and on the stock of subsidiary cos. whose bond*
Pres., Ohas. D. Norton (V.-Pros. 1st Nat. Bk., N. Y. City); V.-Pros., are not pledged under the mortgage, owning 556 miles of read, making
Arthur Leo, Elkins, W. Va.; Sec.-Treas.. O. H. Ilendley, Washington, 1,604 additional miles, on which there are outstanding $30,803,900 under­
D. O. Among tho directors aro: Edward IJ. Konna. Edward E. Loomis, lying bonds: total thus covered, 2,304 miles, on which the total outstanding
Pres. Lohigh Valloy RR., and John L. Kommorcr of Whitnoy & Kemmeror, funded debt, Including these bonds and all prior liens, averaged $26,471
per mile. V. 80, p. 1791; V. 91. p. 462. 214: V. 93- o. 1021.
leading coal dealers, all of New York.—(V. 104, p. 663.) t ^ 4 ,a a
Of tho Fort Worth & Denver Terminal bonds, $728,000 have been Issued,
COLEBROOKDALE RR.—Pottstown to Barto, Pa.. 12.81 miles. Leased $o')0,000
sold and $428,000 held by Ft. W. & D. O. Ry. V. 86, p. 52. 1100.
to Phila. & Reading Ry. Common stock, $297,215; par, $50.
V. 87, p. 949.
COLORADO KANSAS & OKLAHOMA RR.—Owas Scott City to
EARNINGS.---Including Ft. Worth & Den. City and all affiliated lines.
Winona, ICan., 52 miles. Has had plans for budding an extension from Six months from/1916......... .......... Gross, $9,065,522; not, $3,789,549
Garden City to Forgan, 140 miios. V. 98, P- 689. Incorporated in Kansas July 1 to Dec 31.(1915................... Gross. 8.303,555; net, 3.134,305
July 1913 and took ovor the Scott City Northern RR., foreclosed Aug. 6 Four mos. from/1917.............. ...Gross, $5,686,551; net, $2,2ll,S10
1913. V. 97, p. 445. Details of securities not decidod upon in Juno 1917. Jan. 1 to Apr. 30(1916___________Gross, 4,949,464; net, 1,735.347
Pros., W. C. Fordyco of st. Louis; V.-L’ . & Troas., Ben. L. Alien of Scott
REPORT.—Report for 1916-17 at length, showing operations of system .
City, Kan.; Sec., W. V. Delahuut, St. Louis.—(V. 98, p. 689.)
Including the Ft. Worth & Denver City and Col. Spr. & Crip. Cr. Dist(THE) COLORADO MIDLAND RR.—Owas from Colorado Springs Ry., Donvor& Interurban RR., Colorado RR., Ft. W. & Denv. Term. Ry .
to Now Castle, Col., through Busk-Ivanhoe tunnel, 221.92 miles; branehs, Wichita Val. (RR. and Ry.), Abilene & Nor. Ry., Wichita Falls <Sr Okla.
Basalt to Aspen, 19.37 m.; Cardiff to Spring Gulch, 15.01 m.; Arkansas Jet. | Ry. and Stamford!* Norw. Ry. in V. 104, p. 2445.2458.




[Vol. 104

RAILWAY STOCKS AND BONDS

4i

R A IL R O A D C O M P A N IE S
(F or abbreviations, & c ., see notes on fir st page J

M ile s
R oad

Date
B on d s

Par
V a lue

A m ount
Outstanding

Rate

%

W h en
P a ya b le

La st D ividen d
and M a tu r ity

Pla ces W h ere Interest and
D iv id en d s are Payable

Colo Springs & Cripple Cr Dist Ry—See Colo A So Ry
$240,000
American Tr Co, Boston
1904
$1,000
6 g J A J July 1 1929
Col Wyora & East—Lar. H. Pk A P 1st Mg.AB.zc*
112 1914
550.000
Guaranty Trust Co, N Y
100 Ac
1st A Ref M $2,500,000 gold red 10214.................
6 g J A J July 1934
July 1 1944
112 1914
100 Ac 1,600,000 Up to 6
J A J July 1 1937
Safe Dep A Tr Co, Balt
1.000
75 1887
888.000
Coinin Newb & Laurens—1st M 512,000 per m.SBaz
Columbia & Greenville—See Southern Ry— Columb us & T oledo—See Hook lng Valley „Ry. 3 2
55
50 1.786.200 8Vin ’16 Q—M June 10 1917 2 Treasurer, Columbus, O
Columbus & Xenia—Stock 8% rental— ............. —
j A J Jan 1 1944
600,000
Met Trust Co, Boston
6
71 1914
1,000
Concord & Claremont (N H)—First mortgage------ zo
_. .
800,000
Q—J July 1 1917 I 'A Checks mailed
100
7
Concord & Montreal—Stock Class I (B C A M pref)..
__
do
Q—J July 1 1917 W x
540,400
100
7
Stock Class IT (B 0 & M new)_________________
__
do
Q—J July 1 1917 IV\
459,600
Stock Class III (B CAM old stock)_____________
100
7
do
100 6,457,600
Q—J July 1 1917 W i
Stook Class IV (Concord) (text)________________
7
J A D June 1 1920
Safe Dep A Tr Co, Boston
Concord A Montreal cons M for $5.500.000-BB.zo*
262 1890
1,000 5,500,000
4
Boston S D A Tr, Boston
Deben bonds cur. ($650,000 4s; $400,000 3 >£s) _zc*
1,000 1,050,000 314 A 4 J A D June 1 1920
’97-99
do
do
1,000
673,000 3)4 A 5 J A D June 1 1920
do
do $500,000 3J4s; $300,000 5s____ z
’09-14
350,000
J A J July 1917 3 44% Manchester, N H
100
7
Concord & Portsmouth—Stock 7% rental 99 years.. 39.82
F A A Feb 1 1917 3% Safe Dep A Tr Co,Boston
100 2,500,000
6
Conn & Passurnosic—Pref stook 6% rental 99 yrs..o*
do
do
1,000 1,900,000
First mortgage 51,900,000 gold........................zo*
Ii0j 1893
4 g A A O Apr 1 1943
F A A Feb 1917 3%
do
do
400,000
6
Massawlppl stook guar same div as Conn A Passump
100
37
do
do
350,000
Newport A RIohford 1st M gold guar by C A P .zo*
1,000
5 g J A J Jan 1 1941
21 1911
J A J July 1 1917 5% Boston, Mass
100 3,233,300 10
Connecticut River—Stook $3,670,300 authorized___
88
1,000 1,000,000
4 g M A S Sept 1 1943
1893
Jan 1917 int paid in Feb
1901
1,000
290,000
Bonds not mortgage________________________ z
314 J A J Jan 1 1921
969,000
Jan 1917 lnt paid in Feb
do
do
_________ ________ ____ z
1903
1.000
314 J A J Jan 1 1923
See text
6
F A A31 Aug 31 1916
Notes, extended 45 days June 1916 (V. 103, p. 758) .z
1915 1,000 Ac 2,450,000
F A A31 Aug 31 1916
Dec 1916 int not paid
Vermont Valley RR notes guar oxt 45 days J’no 1916
1915 1,000 Ac 2,300,000
6
Treas Pa RR Co, Phlla
Conn (Phila)—1st M $15,000,000 guar pA I. GP.kvc*
1,000 7.000,000
36 1911
4 g M 15A S Meh 15 1951
675,000
Union Tr Co, Plttsb, P*
1905
1,000
Connellsville & Monona—1st M g s f red "par. UPi xcAr
4 g M A S Sept 1 1930
M A N May 1 1918
Nat Bk Cooperst’n N Y
100 Ac
200,000
5
Cooperstown & Susq Vail—1st M $200,000 lnt guar.z 19)4 1888
Boston, Mass
500 Ac 2,280.000
Copper Range—First mortgage gold (see text)____ x Text 1899
5 g A A O Oct 1 1949
J P Morgan A Co. N Y
1,000 23.020.000
Copper River & Northwestern—1stM$50,000,OOOGxc*
5 g F A A Feb 1 1959
197 1909
800,000
26
50
Dec 30 ’16 8%
613.700
A A 6 Apr 11921
do
do
100 Ao
4
First M extended at 4% In 1906 (V 82 p 1322) ...x r
26 1891
100 2,500,000 See text Quar. June 1 1917 l >4 Checks mailed
Cripple Creek Central—Common stock____________
do
Preferred stock 4% non-cumulatlve..__________
100 3,000.000 4 In 1916 Q.-M. June 1 1917 1%
Farmers' L A T Co, N Y
Midland Term first mtge gold sinking fund__ F.xo*
330,000
1,000
5 g J A D Deo 1 1925
41 1895
Cuba Eastern—See Guantanamo A Western

31— — Y e a r s ending J un e 30—
1915.
1915.
*1914.
1,829
1,840
1,866
$14,745,665 $14,172,978 $13,222,737
10,071,277 10,110,875 9,746,002
$4,674,388 $4,062,103 $2,821,328
$4,575,975 $4,100,838 $3,711,731
$2,860,986 $2,847,880 $2,853,818
637,80S
390,732
606,840
61,383
61,030
68,301
_____
_____
(2 )$ i7 b ',6 o 6
_____
.......... (2)170,000

— Y ea rs ending D e c .

(♦Slightly inaccurate.) 1916 .
Average miles________
1, 842
Total oper. revenues__§16,469, 279
Operating expenses___ 10,085, 532
m
---------Oper. inc. (after tax.) $6,383,,947
Total not income_____ $6,347, 780
Interest charges_______ $2,861, 164
Rents, &c___________
475, 389
Sinking funds________
67, 432
Add’ns A betterments .
280 ,220
Miscell. appropriations.
500, 000
Div. on 1st pref. stock.. (2)170, 000
Div. on 2d pref. stock..

Balance, sur., for year $1,993,575 Sl.039,848
$553,767
$65,885
OFFICERS.—Chairman, George B. Harris; Pres., Hale nolden, Chicago•
Sec. & Troas., B. F. James, Denver, Colo.; Asst. Sec. & Asst. Treas., T. S
Howland, Chicago, III.—(V. 103, p. 1798, 2428; V. 104, p. 1044, 2445.)
„ COLORADO SPRINGS & CRIPPLE CREEK DISTRICT RY.—Colorado
Springs to Cripple Creek, Col., 47 m.; branch, Cameron to Victor, 5 m.;
other branches and spurs, 22 m.; total, 75 m.; of which 57 m. steam, 16 in.
steam and electric and 2 m. solely electric. In Jan. 1905 Colorado A
Southern acquired all the stock except S900 com. V. 80. d . 472, 1111, 1423.
Leased to Cripple Creek Cent. Ry. systom to May 1 1935. V. 94, p. 123.
Stock, all outstanding, com., 51,200,000; pref., 5% non-cum., 5800,000.
Par of shares, $100 each. Div. 5% on pref., paid Feb. 1907, June 1908 and
Nov. 1 1909. On com., 2%, Sept. 1908. Sinking fund can retire first mtge.
bonds yearly at 110 for first 15 years, then at 107 >4 for 5 years, then 105 for
next 5 years. 102 14 for 3 years, thereafter at par. V. 76. p. 345.
Pres., E. S. Koller.—(V. 87, p. 740; V. 88, p. 822; V. 94. p. 123.)
(THE) COLORADO WYOMINQ & EASTERN RY.—Owns from the
Union Paclflc)RR. at Laramie, Wyo., to Coalmont, Colo., 111.35 miles,
where large coal fields are located. Incorporated In VVyomlng June 2 1914.
Successor Juno 4 1914 of Laramie Hahn s Peak A Pacific Ry.. foreclosed
May 12 and 13 per plan V. 98, p. 453; V. 98, p. 1766, 1845.
Alexander J. Hemphill, Henry Sanderson and Trowbridge Callaway, as
voting trustees, will nold the new stock until all accrued interest on the
Income bonds shall have been paid and the current Interest paid regularly
for 2 consecutive years, and for such further period not exceeding one year
as the trustees In thoir discretion may deem advisable, if lawful. Stock,
common, $2,300,000; prof. 6% non-cum. $2,000,000, par $100.
EARNINGS.—4 mos., (1917................Gross, $131,015; net, $41,834
Jan. 1 to Apr. 30.
11916...............Gross, 120,319; net, 40,956
COLUMBIA NEWBERRY & LAURENS RR.—Columbia to Laurens,
S. C., 75 m. Stock, $500,000. Bonds were 6s, but reissued as 3s in 1900,
income certificates to amount of 40% of bonds being issued. Bonds issued,
$899,000; in treasury July 1917, $11,000. At last accounts had also out­
standing $359,600 5% non-cum. certfs. for funded coupons and $56,453
Incomo notes, and on Dec. 31 1916 loans and bills, payable, $40,000.
EARNINGS.—6 mos.,/1916--......... Gross, $155,001; net loss, $53,474
July 1 to Dec. 31.
11915.............Gross. 123,810; net,
20.960
Yea r ending D e c . 31. Gross.
N e t.
Olh. In c . Charges.
Balance,
1916........... ...............$354,893 $115,626 $4,368 $57,321 sur.$62,673
1915......................... 282,270
34,591 4,191 50,792 def. 12,010
President, J. F. Livingstone, Columbia, S. C.
COLUMBUS & XENIA RR.—Owns from Columbus, O., to Xenia, O .
65 miles. Operated as a division of the Little Miami, and Is leased for 99
years from Deo. 1869, tn connection with that road, to the Pittsburgh Cin­
cinnati Chicago & St. Louis, which pay3 8% on stock. The lease is guar­
anteed by Pennsylvania RR. Co. Sinco Sopt. 1913 tho quarterly divs. In
Sept, and Mar. have been 2 1-5%. making the yearly div. rate 8 2-5%.
—(V. 72, p. 532.)
CONCORD & MONTREAL RR.—From Nashua, N. H.. via Concord,
Plymouth, Ao., to Groveton and the White Mountains, 450 miles In all,
Including Manchester & Keene, 30 m.; owned Jointly, 414 m.; 35 m. double
track. Owns Concord Street Ry., 11 m.; also electric branch from Concord
to Manchester, N. n ., 17 miles, and Nashua A Acton RR., 20 miles (stock.
On June 29 1895 leased to Boston A Maino for 91 yoars at rental of 7%
per annum on all stock. In 1916 the Boston & Maino was placed in re­
ceivers’ hands, but In Jan. 1917 tho bond Interest and dividends of this com­
pany were being paid as usual (without affirming or disaffirming lease).
See plan under B. & M.—(V. 104, p. 256, 1263.)
CONCORD & PORTSMOUTH RR.—Owns Portsmouth, N. H.. to Man­
chester, N. H., 39.82 m. Leased to Concord RR. In 1862 for 99 years; renta1
$25,000; 7% on stock and org. exp. Operated by Boston & Maine.
CONNECTICUT & PASSUMPSIC RIVERS RR.—White River Jet., Vt.
to Canada Line, 110 m.; leases 999 years Massawlppl Valley, 37 miles.
Owns nearly all the stock (5350,000) of the Newport A Richford RR.,
Newport, Vt., to Canadian line, 21 miles, operated under lease by Montreal
& Atlantic Ry. (Can. Pao. system), and guarantees Its $.350,000 1st 30-year
5% bonds dated Jan. 1 1911. V. 91, p. 946.
LEASE.—From Jan. 1 1887 leased to the Boston & Lowell for 99 year*
on a basis to pay C. & P. stock 5% till Jan. 1897 and 6% thereafter. In
April 1911 B. & M. received authority to purchase stock. V. 92, p. 1108.
SECURITIES.—Massawlppl stock receives same dividends as stock of
lessee and $400,000 of It (not Included In tile amount outstanding) Is pledged
as part security for 4s of 1893. Of the $2,500,000 pref.. $500,000. as also
$50,000 Massawlppl Valley Ry. stock, was purchased Feb. 1 1910 bv the
Vermont Valley, under Its option, at par.— (V. 57, p. 1040; V. 94, p 826.'
CONNECTICUT RIVER RR.—Owns from Springfield, Mass., to Ver­
mont Line at Brattleboro, 59.13 miles; branches, Chicopee Falls, 2.26 in.
Easthampton, 3.26 m.; East Deerfield, 1.0-1 m.; Ashuolot, 21.66 m.; total
88.15 miles. V. 95. p. 1200; V. 96, p. 1838. Controls Sullivan County RR.;




Bellows Falls to Windsor, Vt., 26 miles. V. 80. p. 1478; V. 81, p. 899,1723.
V. 94, p. 1626: V. 95, p. 679. In 1916 extension was granted on tho $2,­
450,000 1-yoar 6% notes duo Juno 1-2 and also on tho $2,300,000 1-yoar 6%
notos of tho Vormont Valley Ry., duo Juno t, guaranteed by tho Connecti­
cut River Co., till Aug. 31. See B. AM . V. 102, p. 1986; V. 103, p. 239,
758. On Aug. 31 1916 following the recoivorship of tho Boston A Maino,
Jamos H. Hustis, Prosidont and receiver of that road, was made rocolvor
of the Conn. River RR., the notes remaining unpaid. V. 103, p. 843. The
semi-annual div. of 5%, due on tho lease, was paid Jan. 1 1917, but interest
on bonds, whilo paid as rental to receiver, was not, until Fob. 1917, paid to
bondholders. Interest was then ordered paid until further notice both on
bonds and notes (other than Vermont Valley notes in default) as and when
recoived from receiver of B. & M. RR. In Juno 1917 tho Fob. 28 Interest
on Conn. River notes was still unpaid pending possiblo appeal (until July 6
1917). V. 104, p. 257, 663, 763, 1387. 1591, 2451.)
LEASE.—Leased for 99 years from Jan. 1 1893 to the Boston & Maine,
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
stock, payable directly to stockholders: also Interest on bonds and scrlD and
$2,000 for organization expenses. Richard Billings, 115 B’way, N. Y.,
l’rcs.; George R. Yerrall, Clerk A Treas., Springfield, Mass.— (V. 104, p.
063, 763, 1387, 1591, 2451.)
CONNECTING RY. (PHILADELPHIA).—Owns from Girard Ave. to
Frankford Phlla., 6 m.: North Phlla. to Chestnut Hill, 7 m.; branches,
<Sco., 23 m.; total, 36 m. V.103, p.1508. Stock authorized, $5,800,000; out­
standing, $4,116,650, of which $3,825,350 ownod by Ponn. RR. Dec. 31
1916, which operates road under lease assigned to that company by Phlla.
& Trenton RR., terminating Feb. 18 2862. Dividends 4% yearly (J. A D.).
In 1911 mado a new 1st ivt. for $15,000,000, of which $7,000,000, guar., p. &
1., by Ponn. RR., havo been sold, $3,000,000 of theso in Oct. 1916. V. 103.
p. 1508. V. 93, p. 229. 730; V. 98, p. 522, 610.—(V. 103, p. 1508.)
CONNELLSVILLE & MONONGAHELA RY—Owns Moser Run Jet. to
Brownsville, Pa., 15.68mlles; branches and spurs, 16.70 m.; total track,
22.38 miles (connecting Penn, with Monongahela Ry.). Incorporated In
Penn. Mar. 11 1905. Leased to Penn. RR. until Jan. 1946 at rental equal
to 4% on cost of road, taxes, operating and maintenance chargos. rental
being more than sufficient to pay interest chargos and retire principal of
bonds through sink, fund at or bofore maturity. Sink. fd.. $25,000 yrly.,
to call bonds In numerical order, but to bo kopt alive. V. 93, p. 407. Stock.
$700,000. Controlled by or in interest of i f . S. Steel Corporation. Pres..
W. H. Clingerman; Sec. and Treas., J. D. McCrcery.—(V. 99, p. 406.)
COOPERSTOWN & CHARLOTTE VALLEY RR,.—Entiro $45,000
capital stock owned by Del. & Hudson Co., which also owns $307,400
(87%) of tho $350,000 stock of Cooperstown & Susquohanua Valloy RR.
Owns Charlotto Crossing to Davenport Centro, 3.96 m.; leases for 99 yoars
from Jan. 1 1889, Cooperstown A Susq. Valloy RR., Cooperstown to Charlotto Crossing, with branch to Cooperstown Jet., 19.79 m., guaranteeing
Interest on tho latter’s $200,000 5% bonds. V. 97. p. 1503. Year ending
Dec. 31 1916, gross, $49,455; oper. exp. A taxes, $67,053; loss from oper.,
$7,598; other incomo, $29,886; rentals, $12,288. Stock, $45,000, owned
by Del. & Hud.—(V. 77, p. 88.)
COOPERSTOWN & SUSQUEHANNA VALLEY RR.—See Cooporstown & Charlotte Valley RR. Co.
COPPER RANGE RR.—Calumet, Mich., to Mass City, with branches
total, 93 m.; sidetracks, 41 m. Stock, $4,244,300. of which $1,639,200
owned by Copper Rango Co. Bonds limited to $20,000 per mile of main
lino and branenos and $15,000 per mile of sidings. Dividend, 10%. paid
Nov. 1909 from accumulated surplus.
EARNINGS.—4 mos„ 11917.......... Gross, $292,863; not, $71,467
Jan. 1 to Apr. 30.
(1916______Gross,
260,997; net, 50,283
Year ending Dec. 31 1916, gross, $930,606, against $811,347 in 1915;
not, after taxes, $265,212, against $276,909. Pres., William A. Paine:
V.-P., F. Ward Paine; Sec. & Treas.,_________ , Boston.—(V. 78, p. 228.)
COPPER RIVER & NORTHWESTERN RY.—Owns from Cordova,
Alaska, on tidewater, through the Copper River Valley to Copperficlds near
the Ohltlna River, 197 miles. Kennecott Coppor Corporation (V. 101. p.
1889) In Doc. 1915 arranged to aequiro all of the outstanding securities,
$4,817,400 stock and $23,020,000 1st M. 5s. In Jan. 1916 paid a $565,000
cash dividend. V. 102, p. 152. Stock auth.. $5,000,000; parofsharos,
$100. V. 99. p.J410. Year 1916, gross, $2,911,207 not, after taxos, $1,768,671.
Pros., S. W. Eccles; V.-Pros.. Robt. W. Baxter; Troas., E. S. Pegram;
Soc., W. E. Bennott. Offico, 120 B’way.—(V. 102, p. 152, 1625, 1713.)
CORNWALL & LEBANON RR.—Owns Lobanon, Pa., to Conowago,
21.66 m.; branches, 4.78 m. Pennsylvania RR. on Dec. 31 1916 owned
$800,000 stock. V. 98. p. 696; V. 96, p. 947. On Jan. 1 1917 there was
$151,200 bonds in tho company’s treasury.
DIVI’97. ’98. ’99. ’00. ’01. ’02 to ’06.’07.’08.’09.’ 10 to’ 12. ’ 13. T4-15,’16
P.C./ 3 4 4H 5 5 H 6 yearly 8 7 8 10 y’ly. 11
0
4
EARNINGS.—4 mos.,(1917.................Gross, $168,029; not, $41,463
Jan. 1 to April 30. \1916.................Gross, 161,719; not, 60,462
Year ending Dec. 31 1916, gross, $525,550; not, $197,561; other incomo,
$5,783; int., taxes, Ac., $95,216; divs. (8%), $64,000; bal., sur., §44,128.
—(V. 102, p. 1540.)
“ COTTON BELT.”—Common name for St. Louis Southwestern Ry.
CRIPPLE CREEK CENTRAL RY.—Milcago Juno 30 1916:
M a in L.
Other.
Total.
Crip. Crook A Colo. Sprgs. RR. A loasod linos.. 71.40
39.94
111.34
Mldlamd Terminal Ry_____________________ 29.40
15.59
44.99
Total mileage............................................ 100.80
55.53
156.33
Reorganization (per plan In V.78,p. 2018: V. 77, p. 1542.) of tho Denver
& .Southwestern, foreclosed Oct. 4 1904. V. 79. p. 1461; V. 101, p. 1184.
STOCKS AND RONDS.—Com. stock, $2,500 000; 4% non-cum. pref.
stock. S3.000.000; par of shares, $100. V. 82, p. 1156; V. 85, p. 1209.
DIVIDENDS.’05. ’06. ’07. ’08.’09. ’ 10. ’ll. ’ 12. T3-15. ’16.
1917.
Common, % __ 3
74S 6
0 0 0 0 3
4
15, 154,1)4,-,Preforred, %— 4 4
4
4 4 4 4 4
4
4, 1. 1,

June , 1917. J

RAILWAY STOCKS AND BONDS
M iles Date
Road Bonds

R A IL R O A D C O M P A N IE S
[For abbreviations. & c., see notes on first page]

Cuba RR—Common stock $20,000,000-----------------Preferred stock 6% non-cumulatlve $10,000,000..
First mtge gold $20,000 per mile--------- U.xc’ &r*
Impt & equip M g $12,000 per m ................... Nxo*
Three-year secured gold notes callable see text FPc*
Equipment trust certs., due $43,000 seml-ann.
do
due $28M&$27M s-an(V100,p.473).Us
do
due $40,000 soml-ann___________ US
do
due $98,000 and $97,000 s-an g...........
Cumberland & Pennsylvania—First mtge g guar _z
Somerset Coal car tr assum $76,000 yrly------ FBax
Cumberland RR—1st M $3,000,000 gold
........
Cumberland Ry & Coal Co— 1st M $3,000,000 g gu.
Cumberland Valley RR—See Pennsylvania RR
Dayton & Michigan—Com stock (3 >4% guar C n & D)
Preferred (8% guaranteed C H & D) endorsed----Delaware—Stook8% guaranteed.

Convert bonds gold red text--------------------Equip 1st lien bonds $10,000,000 g s f..Usm,
Guaranteed Bonds—
____ _ ,
____
Hudson Coal Co debentures of 1902 due 1918.
Utica Clinton & Binghamton RR 1st M.
Albany & Susquehanna RR 1st mtge—

P ar
Value

N et.

Oth. I n c .

C harges.

Balance

$983,078
$5,055
$538,973
$449,160
1916........... $3,175,176
1915......... . 2,540,299
1,111,582
-----452,748
658,834
REPORT for year ending Juno 30 1916 was in V. 103, p. 752, showing;
June 30.
Gross
N et
Interest P r e f.D iv s. C o m .D iv s .
B alance,
Y ea rs — E a rn in gs.
In c om e.
Charges.
(6%). (6%).
S urp lus.
1915-16...$6,815,697 $3,523,659 $978,244 $600,000 $720,000 $1,225 414
1914-15--- 5,206,714 2,727,540 853.856 600,000 600,000
673,684
Pres., George II. Whlgham; V.-P. and Mgr., Charles It. Hudson; V -p
Arthur Coppell; Sec., Herbert C. Lakin; Treas., R. E. Jones. Offiro’
83 Montgomery St., Jersoy City, N. J.; 52 William St., N. Y.—(V. lo i'
p. 768, 1184, V. 103, p. 493, 752, 758. 938.)
0 *
CUMBERLAND & PENNSYLVANIA RR.—Owns from Cumberland,
Md., to Piedmont, W. Va.. and several branches, 51 milos. Owned by The
Consolidation Coal Co., which guarantees by endorsement tho first mort­
gage (V. 52, p. 390) and owns all tho $1,500,000 stock. Car trust, seo
V. 85, p. 1401. Year ending Dec. 31 1916, gross, $777,432; not, $81,775;
other income, $219,213; int., taxes, &c., o298,988; bal., sur., none._
(V. 85, p. 1401.)
CUMBERLAND RAILWAY & COAL CO.—Owns road from Sprlnghlll
Jot. to Sprlnghlll Coal Mines, N. S., and Parrsboro on the Bay of Fundy
32 miles; also coal acies, timber lands. &c. The Dominion Steel Cornoration late In 1910 arranged to acquire tho $1,000,000 stock, which has been
exchanged for $600,000 Dominion Steel common stock, tho $979 000 6%
bonds being exchanged for $1,167,000 5s guaranteed by Steel Corp. Issued
under a mtge. for $3,000,000 providing for future requirements V 0 1 \
1629, 1766: V. 92, p. 186, 1435; V. 97. p. 1583 Leased to Dominion Ooai
Co. Earnings included in report of lessee.—(V. 97, p. 1583.)
CUMBERLAND RR.—Artemus to Wheeler, ICy., 1 0 . 2 miles and
Lansford to Anchor, Ky., 2.7 in.; total, 12.9 miles. Incorp. in Kenturkv
In 1902. Stock auth., $100,000; outstanding, $20,999; par, $100 Bonds
($3,000,000 auth. lssuo) outstanding Juno 30 1916. $1.028,000. Year endIngJuneSO 1916, gross, $62,039; net, after taxes, $19,561; Int., &c. $20 7'Ph
bal., def., $8,993. Pres., It. W. Stone: Sec., J. L. Stone; Treas A J
Hazoltino; Auditor, A. C. Mathoson. Office, Artemus, Ky.
'
’
DAYTON & MICHIGAN RR.—Owns Dayton O,, to Toledo Juno.. O..
141.15 m.; trackage Into Toledo. 1.15 m. Leased May 1 1863 in perpetuity
to CIn. Ham. & Dayton. Lease modified June 23 1870. Rental Is mainte­
nance of organization, Int. on bonds and 8% on pref. stock and 3u % on
com. Guaranty on pref. Is secured by m t e e . p t . 1871, but the pref. carries
no voting power. V. 56, p. 813. Mtge. of 1856 Is held alive under mtge of
1881. V. 91, p. 1446; V. 92, p. 118. Status of stock and bonds is undis­
turbed by plan of 1916, by which B. & O. RR. will take over possession
under leaso, along with main lino of Cln. Ham. & Dayton.(V. 92, p. 526.)
DAYTON & UNION RR.—Owns from Dodson, O., to Union City. Ind.
31.74 m.; leases Dayton to Dodson, 15.30 m.; total operated. 47 D4 m
The Cleve. Cln. Chlo. & St. Louis and Cln. Ham. & Dayton Jointly own the
$86,300 stock. Year ending Dec. 31 1916, gross, $156,740; net $38 613othor incomo, $3,530; charges, $38,733; bal., sur., $3,411.—(V. 97, p. 236.)
DAYTON UNION RY.—Union depot at Dayton, O. Used by Pitts.
Cln. Chic, fc St. L., Clev. Cln. Chic. & St. L., Cln. Ham. & Dayton, Dayton
& Union RR. and Erie RR., under lease which provides that Interest on
bonds^and otherjuyjensesjbe divided between them on train basis. Stock.
$321
~'1
"
"
10
net,
___ „
______
$8,4
nati, O.—(V. 73. p. 1312.)
DEATH VALLEY RR.—Owns line In. Inyo County, Cal., to the Biddy
McCarthy borax intno, &c., 23 miles. Was authorized to Issue bonds guar­
anteed by tho Borax Consolidated, Ltd.; In Dec. 1916 £3,200 for additions,




Rate
%

When
Payable

Last Dividend
and Maturity

Places Where Interest ant
Dividends are Payable

$100 $15,550,000 See text See text Nov 1 1916 3%
100 10.000,000 6 In 1916 F & A Feb 1 1917 3
602 1902 1,000 &o 12,030.000
5 g J & J July 1 1952
in, N Y
5 g M & N May 1 1960
1910
$ & fr. 4,000,000
do
5 g M&N 15 Nov 15 1918
1915
1,000 3,000,000
F & A Aug 17-Feb ’24
602,000
5
1914
1,000
440,000
5
1915
J & J21July '17-Jan '25 United States Tr Co. NY
1,000
5
680,000
J & D 15 Dec ’17 to 1925
1915
1,000
M & Ni Nov T7-Nov’26
5
1916
1,000 1,853,000
5 g M & N May 1 1921
51 1891
1,000 1,000,000
Guaranty Trust Co., N Y
_
J <5c D To Dec 1918
152,000
5
1906
1,000
Fidelity Trust Co, Balt
12.9 1908
5 g J & D June 1 1958
1,000 1,028,000
Guaranty Trust Co, N Y
48 1910
5g A & O.Oct 1940
1.000 1,167,000
Montreal. Canada
1871
50 2,401.950
3)4 A & OApr 2 1917 154: Cincinnati, O
_- 1871
Q—J Apr 3 1917 2%
8
50 1,211,250
do
141 1881
Morgan & Co, N Y
1,000 2,728.000 4H (5) J & J Jan 1 1931
4 g J & J July 1 1949
2 1899
388.000
Farmers' L & Tr Co, NY
1.000
5
M & S March 1 1924 Bayonne, N J, MechTrO
1914
£100 See text
245
J & J July 1 1917 4% Checks mailed
8
25 $5,078,275
113 1892
Treas Pa RR Co. Phila
500.000
4M g J & J July 1 1932
1,000
(3—F May21 1917 2% 11 W State St., Trenton
...
8
100 1,800,000
30.97 1905
3)4 g F & AjAug 1 1955
Mech Nat Bk.Trenton.NJ
1.000 1,800.000
100 42,503,000 9 In 1916 Q—Moh June20 1917 2 H Office 32 Nassau St. N Y
M & SSept 11917
1877 1,000 &o 5.000,000
7
do
do
14 1874
100 &o
500.000
6 g M & S Sept 1 1924
do
do
57 1892
4 * g M & S Mch 1 1942
1 .0 0 0
1 .0 0 0 .0 0 0
do
do ■
__ 1908 1,000 &o 32,204,000
4
M & N May 1 1943
do
do
__ 1915
500 &c 14,451,000
5 g A & O Oct 1 1935
do
do
1907
1,000 9,307,000
414 g J & J July 1 1922
do
do
1902
M & N May 1 1918
200,000
4
1,000
1890
,T & J Jan 1 1940
1,000
300,000
4
do
do^
1902
1,000 1,300,000
4
.1 & J Jan 1 1942
do
do
__ 1889
1,000
800,000
5
.1 & J July 1 1939
N Y Trust Co, New York
1906
1,000 ' 10,000.000
Office, 32 Nassau St, N Y
3)4 g A & O April 1 1946

In Feb. 1916 an extra dividend of 10% was declared with tho quarterly
1% , on common stock, both payable March 1. In Sopt. 1916 tho common
dividend was increased to 1>4% quarterly. V. 103, p. 493. V. 102, p. 521t
REPORT.—Year changed to Dec. 31 but no report will be issued for 1916.
Report for year ending June 30 1916, in V. 103, p. 1028, showed total
net income of parent company above all expenses, $286,396; dividend on
pref. stock (4%). $120,000; com. dlv. (4%), $100,000; balance surplus.
$66,396, against $21,638 in 1914-16. Pres., A. E. Carlton; Sec. & Treas.,
E, S. Hartwell. Office, Colorado Springs.—(V. 103. p. 493, 1028, 1687.)
CUBA RR.—Owns from Santa Clara, Cuba, to Santiago do Cuba, 356
miles; branches, Zaza Jet. to Sancti Splritus, 8 miles; Alto Cedro to tho
Bay of Nipo, 31 m.; Ponupo branch, 11 m.; Jatibonico branch, 11)4 m.;
Holguin branch, 11 m.; Manzanillo branch, 3214 m. Bayamo extension,
141 m.; Fomento branch, 17 m. Total, 619 milos.
In Feb. 1917 construction was in progress on Fomento-Trinidad-Casilda
branch, 39 miles; on Camaguey & Nuevitas RR. extension to now deep­
water terminus on Bay of Nuevitas, 3 miles.
STOCK.—Tho Cuba Co. (V. 103, p. 752) owns tho outstanding $15,000,­
000 common but only $1,000 pref. V. 98, p. 1766; V. 96, p. 236, 663.
DIVIDENDS (%) 1909 1910 1911 1912 1913 T4 ’15 T6
6
6
6 SI
Preferred.......... .......1>4
3M 4H
5M 6
4
6
6
6 ...
Common (in cash)...........
—
—
On common, none sinco Nov. 1916 to Juno 15 1917.
Also on com. in com. stock in 1916, Jan., 20%; June, 25%. V.103, p. 752.
BONDS, &C.—1st M. bonds application to list, V. 86, p. 924; V. 88, p.
451; V. 89, p. 162: V. 91, p. 38, 1253. The 5% Improvt. & Equip, bonds
of 1910 are limitod to $12,000 per milo (excl. sidings) owned; in July 1 9 1 2
4,000,000 wore sold. V. 91, p. 588, 1253; V. 95 p. 175.
The company having purchased In Nov. 1915 tho entire $2,000,000 cap.
stock of tho Camaguoy & Nuevitas RR. an Issue of $3,000,000 5% gold
notes was mado In tho name of the Fidelity Trust Co. of Phila., trustee, to
finance tho acquisitions. Those notes aro guaranteed, principal and Inter­
est, by Cuba RR. and aro secured by all of said $2,000,000. Those notes
aro callable Nov. 15 1917 at 100>4 and int. V. 103. p. 938, 752.
EARNINGS.—For 6 months ending Dec. 31:
C ross.

Amount
Outstanding

45

&c. On June 30 1916 had outstanding, $118,900 stock and $264,928 bonds,
while for the year 1915-16 gross earnings were $123,538; total net, $93,810;
rentals,int.,&c.,$18,897; divs.,$4,275; bal.,sur.,$13,576.—(V. 100.p.981.)
DELAWARE RR.—(See M aps Pennsylvania R R .) —Shellpot Crossing,
Del., to Delmar, Md., 95.20 miles: branches, Centrevllle, Md., to Townsend,
Del.. 34.98 m.; Clayton, Del., to Oxford. Md., 54.27 m.; Seaford, Del., to
Cambridge, Md., 32.96 m.; Massey. Del., to so. of Chestertown, 20.52 m.;
other branches, 7.22 m.; total, 245.15 miles. V. 67, p. 1356.
Leased to Philadelphia Baltimore & Washington (which owns $2,704,600
of the stock) for 99 years from Mch. 1 1910 at a guaranteed rental of 8% on
the stock, a special stock dividend of 70% being paid Feb. 28 1910; also a
special cash dividend of 20% and an extra cash dividend of 5%.
Dlvs. prior to lease, 1898 to July '06, 6% y’ly; '07, 8%: '08, 8%; 09. 8%;
10, Jan., 4%; July, 4%. For year ending Dec. 31 1916, rental, $431,764;
othor income. $68,652; charges, $76,344: divs., $406,262; bal., sur., $17,811.
—(V. 90. p. 913. 1554; V. 94. p. 123, 278.)
DELAWARE & BOUND BROOK RR.—Bound Brook (Central RR. of
N. J.) to Delaware River, 27.22 miles; branch to Trenton, 3.75 m.; East
Trenton RR., 3.05 m.; total. 34.02 miles. Total track, including 2d, 3d
and 4th tracks, sidings, &c., 98.09 miles. In May 1879 leased for 990 year*
to Phila. & Reading. Rental, 5213,107.50, paying interest and 8% on
stock.—(V. 81, p. 210.)
DELAWARE & HUDSON CO.—Operates railroad lines from Wilkes-*
Barro, Pa., via Albany and Schenectady to Rouses Point, N. Y., on the
Canadian line, with branches to Binghamton, Troy, Lake Placid, N. Y.
Rutland, Vt., and other points, a total of 909.38 miles (of which 345.19
miles aro owned in fee and 459.70 miles are leased or controlled through
stock ownership), viz.;
■
Steam Lines owned (345 m.) M iles.
Lines leased— *See these cos. M iles.
Carbondale to Scranton,Pa.,& br. 22 ♦Albany & Susquehanna___ _ 1 4 3
LookoutJct. to HonesdaIeJct.,Pa. 28 ♦Rensselaer & Saratoga______ 19 0
Nineveh to Jefferson Jet., Pa___ 22 *Chateaugay& Lake Placid RR._ 79
CherryVal.Jet.toCherryVal.,N. Y . 21 Other leased lines______________48
Charlotte Crossing to Davenport
♦Jefferson RR. (trackage)___ II 35
Centre, N. Y .................
4 Boston & Maine (trackage)_____ 3 7
Schenectady to Duanesburgh,N.Y.14 Other trackage___________ .
32
Greenwich to Salem Jet., N. Y .. 10
Saratoga to North Creek, N. Y_. 57
Whitehall to Rouses Point, N. Y.,
and branches_______________ 14 9
Other lines owned____________ 22 Total operated Jan. 1 1917__ 909
Second track Jan. 1917, 347.67 m.; third track, 19.12 m.; fourth track,
20.52 m.; yard track and sidings, 656.27 m.
Also leases Utica Clinton & Blngh. and Rome & Clinton RR., 44 miles,
which ate sublet to N. Y. Ont. & W.
HISTORY.—Incorporated April 23 1823; name changed April 28 1899.
Ono of tho largest miners and carriers of anthracite coal (V. 86, p. 913)
All of tho coal produced from the company’s mines is sold at tho pit mouth
to tho Hudson Coal Co. (V.89, p. H49). The canal was abandoned and the
cost charged out In 1898. Tno old "Gravity” road, built in 1829 was
broadened to standard gauge and opened for regular service in 1900. ’ The
companies taken in by merger Include: Adirondack Ry., Schen. & Duancsb
RR., N. Y. & Canada Ity., Cherry Valley Sharon & Albany RR.
Allied Properties.—(a) Entire capital stocks owned: Quebec Montreal &
Southern Ry. Co., Naplervllle Junction Ry. Co., Greenwich & Johnsonvillo Ry. Co., Schoharlo Valley Ry. Co., United Trac. Co. and Troy & New
England Ry. Co.; (6) one-half tho stock owned: Wilkes-Barre Connecting
RIt. Co. and Schenec. Ry. See list of stock, &c., holdings, V'. 104 n 1482
Anthracite rato case, V. 101, p. 2072; V. 102. p. 1357. In July T916 the
I.-S. C. Commission authorized the company to retain control of the
Champlain Transportation Co.
Albany & Susq. stockholders were held by higher Federal courts to be en­
titled to tho saving of interest effected by the refunding at 3H % of tho re­
maining $7,050,000 of the $10,000,000 issue of Albany & Susquehanna
RR. Co. 7% bonds, increasing the yearly rental paid. V. 85 d 721­
V. 83, p. 1036; V. 80, n. 1174, 1362, 2343; V. 88, p. 938, 1499; V. 89 p’
1068, 1141; V. 90, p. 911. To Jan. 1917 S3.556.000 A. & S. bonds had
boon exchanged for D. & H. stock. See Albany & Susquehanna.
Sinking Fund.— The sinking fund, created May 9 1899 and amended
May 10 1910, rcceives out of the yearly net profits not less than 5 cents per
ton on coal mined, and has accumulated $4,924,276 from 1900 to 1915
which amount has been applied to the purchase and retirement of SI ,288,500
of tho capital stock (In 1900 to 1906), and in part to the purchase of coal
lands In tho Wyoming and Schuylkill regions.
DIVIDENDS.— f’87. '88. '89 to '96. '97 to '00. '01 to '06. '07 to T7.
S i n c e r e . 5 6 7 yearly. 5 yearly. 7 yearly. 9 yearly.
BONDS, &c.—Equip. 4Ms of 1907, V. 84. p. 1247, 1307; V. 85, p. 1082.
On May 12 1908 tne stockholders authorized a First and Refunding Mort­
gage for $50,000,000, bearing not over 4-% int. and running 35 years, and
subjeot to redemption as an entirety only at 107 H on any Int. day, beginning
May 1 1918. One per cent of the amount of bonds outstanding is to be paid
to the trustee June 1 annually from 1909 to 1942, to be used to purch'as*
bonds or for Improvements and extensions. Of the Issue. 56,500 000 are
reserved to retire outstanding 1st M. bonds: V. 86, p.98. 1409. 1589; V. 87
p. 96, 480,1419, 1604; V. 89. p. 847. 1511: V. 90. p. 51,167; V. 92, p. 186
394; V. 96, p. 1156, 1700; V. 97, p. 1024; V. 98, p. 1168. 1844; V. 99,p. 48
The stockholders on Sept. 30 1915 authorized the issuanceof $14,451,000
20-yoar 5% bonds, which were offered to stockholders. Tho bonds may at
option of holders at any time after Oct. 1 1917 up to Oct. 1 1927 be converted
Into paid-up shares of capital stock at the rate of $1,500 bonds for ten shares
of stock (with an adjustment of Interest and dividend). The entire issue
but not a part, may be called for redemption on Oct. 1 1922, or on any
soml-annual interest day thereafter, on 90 days' notice, at 105 and int
but If so called during the conversion period the bonds may be converted
up to 30 days prior to such call day. V. 101, p. 773, 1092; V. 102, p. 800
1356. V. 104, p. 1044.

iU

.CalumetLJ
St.Hyacinth
llanlstlqoe
Mlaocqua

J A C K A IY A X Y A

Pcmbioe
Khinuiandor

Prentice

- ^ W

irnprior'
irletonPlace^
Smltbs'FallsJ

Kemptville

^
.
Malone*

f^ p lE O B O lA . n M

W

/

[

b a t

vN ,U \

Wausau*L .
'Abbottafurd■$*

N.

:ukfort

StevensPoint
cf//

MenasLa
Osbkosh|
Princeton

“R a i l r o a d

1

:nomlnc

Centra]!a

ester n

o«ojN/i- f H

Walton
Cadillao

t/tfaai:

V

\y

jMjJJ

\

Ihukoka L^J\

f

ravenhuVt

Wlar2>no>^

U \R

O

J*.HastingsJc.

$ s*»<

nS

Brockville,

8oothamnjon\ \
^Sutton
placard! .Harr1stoa*
jPor'^AnsttnI
Orangeville\
lWingham'Q^
fc
lm
e
r
s
t
o
o
nx_ /Aurora'
Mcodericb
Alton
Lbtowei
Fergus^
Cueiph
Stratford
Caupbellvllk

y /\ j

Ladi^

)'j
Pentwatl
/Sheboygann
iteCloud

Z

*

'Morristo\

l

lluuscs\El.'-|
PlattsburgVy

ONNECTIONS

H R O U G H

(lagtoa;
yrClajton ’biladclphi;
^apeVincent,

'NewtonFallaJ*/Xuppe*M^fcF

/^^y\Vatertowa\
Sacteu'aHarbor
♦Lo OldForge

0vosjo
.Ionia /

:ilwsukee GrandEa\
Racine

/ @ s £ M > 9 r/
w

I—I

iSarnia c*ajJ;T
Gleucoe

fFlintl

Ws SootbRev
_BentonHarb
,/w
or/i

Fwtjrtrt Uarvi
Rockford

Mendota'

'GbllUclihe
)Peoria

UM

l

^\C*W4K5]

Mayvilley
.Ckdutauqua

Kokomo

Caatoi

iM
arlon

Bcllefontalne

(oangstowii
’BrnkrOk

.Vernoi

PortAllegheny
^KeatingSur^t
7'1
Uoytvifle‘
Emporium
\
Driftwood
TOiffaJ
.^Rcnovo ^
v----"/^ivJerseyShore)
llearflcld

Cana!

/Cbampaij
NPansIH^

Co!Lirabos
tushvilki
Brazil
Mllanl

kConn

Zanesville

||il>|flric New'I^exIngton'

Patton
Altoona^

keubenville

'jobnsLowi

Wheeling
IChlllleotJ

Ore.csbc.'o

O
O
W

Connellsvflle

>anbury

LockJHarVaA’,.'Oy
/Spring
V

ortTTumberlani

Cap'j^J
Gap

o

in

;Bo«tlogdo«J*/'V'
^fl/J-.-*-***r*'^ /r /

o

W
O
I2J

llbf^-Barje^y>

Vv
VTrenton

vts- Middletown.

farietta'

Portsmouth ^
Galiipolls|

Fairmont
xGrafton

-Ashland




H

^Chatham

>

p>rk

TiiladelpM

lif
iWr^B
erkeley

.Columbia

Unlontown

sMurphysbor

03

i\
.N
orthA
<

j

) m c in n a t i

[vandal

Carbondale

x*° je>°

Lwitr

adviilo.
OreenUH
01) City
vPranlllny Johnsonbur

GUuinj

Ibarlestonj

§

UlauoocX
juthWhitlc^S"

naamtaft
V/ALiocoli

-.CherryVaC"
f0UegJ\L. ^pO
y.
Xobleakin
Coperstown
St*mfor^o^^T^

Valparsi

Y~Kmjkajkee

rpuEdwt
>

Toledtv

Joliet^

Northville’

i£gtc>(>/ -Bri8^t0Dl

Rochelle
lotlne

Bristol

^Richland

Ga,tJ r

Madi#
DodsevUlc^

o>

^vanavQle

’Louistil]
Shelbyvilla

^Baycitl*
'B
rkle
Sperin
gy
s i

Baltimore'

o
<

8otton<

tr*

Alexandrii
Beverly

S c 1
’Camb.vlf

o

rfa

J u n e , 1917,

M iles Date
Road Bonds

R AILR O AD C O M P A N IE S
(For abbreviations, A c ., see notes on first page]

Delaware Lacka & W estern— Stook auth 542,277,000.
1C
Del River RR & Undue— 1st M g g u p & 1 sf l% G P .x o *
Denv Boulder & W est— Ino 1st M 5800,000 red par _x
' ___
Denver & Rio tlrande— Stook com m on (see t c x t ) ..T r
___
Preferred stock 5 % non-oum ulatlve 550,000,000-Tr
First Consol M 542,000,000 now 1st M g.U s.x o*& r f 1,647
11.647
First & R ef M 5150.000,000 gold red 110..B axo*& r* 2,541
A djust M lncom cs 525,000,000 7 % cum red 115 Nxo* 2,541
Im provem ent M (55,000 per mlo g _____ U s.xo*& r 1,647
69S
R io Grande Western 1st M gold (VG9. P 284) .Cerzo*
First Cons mtge redeem at par (see text) g.G .x o*
69S
Equipm ent bonds Ser B red 101 g 575,000 due sa _x
Bonds o f Affiliated Companies—
R io Grande Southern first m ortgage guar-------- Cex
k180
62
R io Grande Junction first m ortgage guar------ Ce.xo*
Utah Fuel Co 1st M 52,000,000 redeem at 1 1 0 ---G z
Pleasant Valley Coal 1st M s f redeem at 1 1 5 .. . . G z
...
Salt Lake City Union D epot & R R — See that Co.
X Of whloh 51,777,000 In treasury; there are also

1886
1898
1908
1912
1888
1889
1899
1907

$50
100 &o
1.000
100 &o
100
100
500 &o
1,000
$ & mks
5,£,m ,& c
500
1,000 &o
1,000 &c
1.000

1890
1889
1901
1898

1,000
1,000
1,000
1.000

’8(V 86
1896
1909

Rate
%

When
Payable

542,277 ,000 20 Inl916 See text
i
& J
6 g
320 ,000
F & A
4 g
1.254 ,000
See text
700 ,000 T o 5%
38.000 ,000
J & J
49,775 ,670
J
& J
4 g
34.125 ,000
6,382 ,000
4M g J & J
F & A
5 g
33,039 ,000
10.000 ,000 7 In 1916 A & O
J & D
5 g
8.335 ,000
& J
J
4 g
15,190 ,000
A & O
4 g
15,080 ,000
M &
5 g
75 ,000
x2.277.000
2,000,000
486.000
897.000

4
6
5
5

g
g
g
g

J
J
M

&
&
&

J
D
S
J

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

A pr 20 1917 2 H 90 W est St, New Y ork
do
do
1930-1936
Penn R R C o . Phila & N Y
Aug 119 3 6
July 1 1939
K ldder& C o,5N assau,N Y
Jan 16 1911
Jan 1 1936
Jan 1 1936
A ug 119 5 5
A pr 1 1932
June 1 1928
July 1 1939
Apr 1 1949
Sept 1 1917

Office, 165 B ’ way, N Y
National Park Bank, N Y
do
do
Bank’ Tr Co, N Y ;& Ber
N Y , L o n d ,B e rlin * Amst
National Park Bank, NY
Guaranty Trust Co, N Y
do
do
Blair & C o ., N . Y

July
Deo
Moh
July

Maitland, Coppell, N Y
do
do
Guaranty Trust C o , N Y
do
do

1 1940
1 1939
11931
1 1928

$2,233 .000 n ot guara

Pros. L . F . Loree’s statem ent in A pr. 1917 regarding current earnings
and the expectation that tho prosont divldond rate will bo maintained was
givon in V. 104, p. 1489, 1898.
R E P O R T .— For year 1916 in V . 104, p. 1482, 1501, 1794.
Year ended Dec. 31—
1916.
1915.
1914.
A nthracite coal carried (ton s)________
9,300,552
9,990,848
9,211,397
Gross earnings o f railroads...................... $26,634,426 $23,787,519 $22,722,962
$8,523,331
$8,963,893 $7,534,111
N et (railroads)...................
C oal departm ent (n ot)_______________
123,303
776,038
640,887
Othor Incom e............................................
1,253,227
1,927,130
1,925,472
T otal net i n c o m o .. .............................. $9,899,861
Miscellaneous rentals_________________ $1,928,475
Interest, taxos and m iscellaneous____ 3,813,014
D ividends on stock, 9 % ______________ 3,825,270

Am ount
Outstanding

Par
Value

E A R N IN G S .— 4 m os., /1 9 1 7 ...........G ross, $8,671,857; not, $1,324,621
Jan. 1 to A pr. 30.
\1916______ Gross, 8,485,029; not, 2,457.094

$11,667,061 $10,100,470
$1,999,352 $1,997,679
3,596,268
3,492,997
3,825,270
3,825,270

Balanco, surplus__________________
$333,102 $2,246,171
$784,524
T ho coa l department In 1916 showed: Earnings, $15,758,765; expenses,
S15.020.372; not, $738,393; in 1915, earnings were $15,860,677; not, $776,­
038.
O F F IC E R S .— P res., L . F. Loree; Chairman E xec. C om m ., R . M . O ly­
phant; V .-P ., Chas. A . P eabody, N . Y .; V .-P ., W. II. Williams; V .-P .,
F . P. Gutelius, A lbany; A sst, to Pres, and Asst. Sec., W . B. Schofield;
A sst, to V .-P ., G . II. Parker; Treas., C . A . W alker; S ec., F. M . Olyphant;
C om p ., W . II. Davies, 32 Nassau S t., New York.
M anagers.— R obert M . O lyphant, Chauncey M . D epow , Leonor F .
Loroo, William S. O pdyko, Archibald D . Russell, Cornelius Vanderbilt,
W . II. W illiam s, Henry W . do Forest, Gedrge I. W ilber, O. A . P eabody,
R obert S. L ovett, Charles W eston and R obert O . P ru yn .— (V . 104. n.
1482 ,jl48 9 , 1898, 2235. 2451. 2552.)
1
D E L A W A R E LACK AW A N N A & WESTERN R R .— (See M a p .)— Oper
ates main line from H oboken, N. J ., opposite N . Y . City, to B ulfalo, N . Y ."
410 m .. with branches to anthracite region, & c., 547 m .. viz : (*sce this c o 1
Lines Owned—
M iles.
Lines Leased (Concl.)—
M iles.
N. J. State line to N . Y . line------ 111
Oswego & Syracuse______________35
Branch to N orthum berland-------- 80 •Syracuse Bingham ton & N. Y _ . 81
H op atcong, & o__________________
2 .U tica Chenango & Susquehanna 97
Erie & Central N ].Y .(V .9 6 .p .2 0 2 ) 18 •Valley R R . of New Y o r k ............11
B angor & Portland R y ------------------38 •Lackawanna R R . of N. J ............28
H anover & Newport R R -------------- 7
Lines Controlled and Operated—
Lines Leased— (See each c o .)—
Sussex R a ilr o a d ..
31
•Morris & Essex and leased brchs.176 Lackawanna & Montrose R R ____ 11
•N. Y . Lackawanna & W e s te rn ..214
•Cayuga & Susquehanna--------------34
Greene R ailroad_________________
8
Total operated Jan. 1917.
.980
C u t-off from Clark’s Summit, P a ., to Hallstoad, 38 miles, cost $10,000.­
000 to $15,000,000, was com pleted in N o v . 1915. V . 101, p . 1627.
H IS T O R Y . & 0.— Original com pany chartered In 1832, present title as­
sumed in 1853. In 1903 purchased entire stock N . Y . & H oboken Ferry C o.
In June 1909 tne D. L. & W . Coal Co. was Incorporated with $6,800,000
authorized stook, to act as selling agent for the com p any’s coal In Pennsyl­
vania, the railroad stockholders being permitted to subscribe for Its stock
pro rata to the extent of 25% of their holdings. See extra dividend below
V. 89. P. 41; V . 90. p. 557. Quarterly dividends of 2 H % on the coal 0 0 ^
pany s stock wore begun In 1910 and 20% ext. was paid in 1913. V.90 n.54
United States Supremo Court on Juno 21 1915 in tho suit brought by
the Governm ent held that tho com pany, under tho contract o f Aug 2 1909
violated the com m odities clause o f tho Hepburn A ct and the Sherman a nti­
trust law (V . 100, p. 2114, V . 101, p. 17), in its relations with tho D . L. & W .
C oal C o. A now contract has been arranged. V. 101, p. 47. In M a y 1917
suit over M orris & Essex lease was sottlcd, the guaranteed dividend on
M . & E . stock being ncrcased from 7 % to 7 H % p. a. V. 104, p. 2116.
V . 100, p. 1509, 1832; V. 102, p. 1896; over Syr. Bing. & N . Y . lease! V. 103,
p . 1980. Authracito rate case, V . 101, p. 2072; V . 102, p . 1357.
D IV ID E N D S — (1904. 1905. 1906-08. 1909.1910-16.
1917.
SInco 1885_____ ( % ) \ 1 7
19>* 20 yearly
70 20 yearly 2 ^ , 2 ^ . - , D ividonds o f late years 2 H % Q ;-J - ( 1 0 % p . a .) and 10% oxtra Decem ber.
July 1909 paid special cash dividend 50% one-half applicable, if desired,
to subscription of stock of new D . L . & W . Coal Co. selling agency; also
15% stock dividend paid A ug. 2 1909, and in Deo. 1911 35% in 4 % guar
■took of Lack. R R . o f N. J. V. 89, p. 41, 224; V . 93. p. 1323;V. 94, p7549.
l°ss surplus” D ec. 31 1916, 346,987,406; “ corporate surplus,’ ’
E A R N IN G S .— 4 m os., (1917......... Gross, $17,432,144; not, $5,062,331
Jan. 1 to A pr. 30.
\191G--------Gross, 16,052,244; not, 5,574,546
A N N U A L R E P O R T .— Annual meeting is held on Tuesday preceding last
F rid a y In l'obru ary. The report for 1916 was in V . 104, p. 760.
Year ending Dec. 31—
1916.
1915.
1914
C o a l ------ . . . . . . . ........
$14,475,244 $13,364,007 $14 056 674
M erchandise froight.................
23,229,865
18,742 617 15 673 086
Passengers..........................
8,674,863
8,218 316
8 541 316
M ail, expross and miscellaneous______ 5,200,927
4,461,791 4!274,902
G r o s s ------ ---------------------------------------$51,580,899 $44,786,731 $42.545 978
N ot. aftor taxes------------------------------------$17,114,593 $14,912 945 S12 591 915
Coal department (n ot)............................. *4,933,022 *3,413,039 *4,357 006
Othor miscellaneous Incom e___11111 2,599,543
.............. ..
1.582,974
2,021,433
T otal net incom e___________
$24,047,158 $19,938,958 $19,570,354




47

RAILWAY STOCKS AND BONDS

Year ending Dec. 31—
Iliro o f equipm ent___________________

Interest ana rentals________________
Renewals and betterments_________
D iscount on bonds sold_____________

Dividends (20% ).................................

1916.
1915.
1914.
$755,734 Incl. with “ Other in c.”
5,989,308 $6,070,062 $6,301,429
1,701,968
1,616,056
1,299,286
______
1,280,700

8,444,080

8,444,080

8,444,080

Balanco, surplus__________________ $7,756,068 S2.519.060 $3,525,559
* Coal Department—
1916.
19151914.
1913.
Gross earnings.............$26,627,148 $22,802,210 $23,949,079 $22,742,982
l ’ rofit............................... 4,933,022
3,443,039
4,357,007
3,184,687
OFFICERS.— Pres., W. H. Truesdale; Seo. and Treas., A. D. Chambers,
Gen. Aud., G. E. Hustls.
BOARD.— W . S. Jenny, Wm. H. M oore, Henry A. C. Taylor, W m. H.
Truesdale, Geo. F. Baker, Wm. Rockefeller, Geo. F. Bakor Jr., M . Taylor
Pyno, Henry R. Taylor, W. II. Dodge, Boekman Winthrop, William
Fahnestock, Harold S. Vanderbilt;, J. F. Talmage. Office, 90 West St.,
N. Y .— (V. 103, p. 2078; V. 104, p. 760, 2116.)
DELAWARE MARYLAND & VIRGINIA R R .— See page 208.
DELAWARE & NORTHERN RR.— East Branch to Arkvllle, 38 miles,
and 8-mlle branch. Inoorp. in N. Y. Oct. 14 1911 as a reorganization of
Del. & Eastern R R ., foreclosed per plan V. 93, d . 588. Stock, common,
$1,000,000; 6% cum. pref., S250.000; par, $100. No bonds June 1 1917.
For year ending Dec. 31 1916, gross, $131,895; net. after taxes, $17,116;
rental and fixed charges (net), $7,609; bal., $9,507. Accrued pref. dlvs.
for 1915-16 amounted to S15.0OO. Pre«.. Andrew M . Moreland Sec. &
Treas., noward Feist. Office, Margaretville, N . Y .— (V. 96, p. 1725.)
DELAWARE RIVER RR. & BRIDGE CO.— Frankford Jot.. Pa., to
Pensauken, N. J., and branches, 9.52 miles.
C ap. stock, $l,3OO,O0O, all owned by Penn. R R ., which guarantees bonds,
prin. and int. b y endorsement. V. 63, p. 1062, 1159; V. 89, p. 1596.
D1V1S.— ’00- 05. '06-’07. '08. ’09-’ 10. ’ l l . ’ 12-’ 13. ’ 14. 1915. 1916.
6 y ’ly
4
4
6
Per ce n t____4 y ’ly 5 y ’ly 6 6 y ’ly 6
— (V. 99, p. 1832; V. 100. p. 2085; V. 101. p. 2071; V. 102. p. 1540.)
DENVER BOULDER & WESTERN RR.— Boulder to Ward, Colo., 26
miles; Sunset to Eldora, 20 m.; branches, 5 m.; total, 51 m. V. 80, p. 650.
Stock, $300,000, all out; par $100. Of the bonds ($800,000 authorized
issue), $100,000 tire reserved for extensions. Improvements, &o. They are
entitled to lnt. up to 5% If earned, payable Sept. 1 beginning 1910.
For year ending June 30 1916, gross, $93,985, against $61,197 in 1914-15;
net income, $11,505, against def., $3,459. Dividend on incomes, 3%
($21,000), paid Sept. 1 1910, and 1 ^ % ($10,500) Sept. 1 1911. Pres"
Charles D. Marvin; Sec. & Treas., O. M . Williams. Office, Boulder, Colo.
— (V. 89. p . 993: V. 99. p . 1748.)
DENVER LARAMIE & NORTHERN.— See Denver Laramee7* N. W .
DENVER LARAMIE & NORTHWESTERN R R .— Utah Junction to
Greeley, Colo., 52 miles. V. 94, p. 1249, 1382, 1565, 1626. On M ay 16
1917 the property was sold under foreclosure to A. D. Radetsky of Denver
for $210,000, which, it Is stated, will leave nothing for tho old bondholders.
Tho Denver Laramie & Northern R R . is reported In process of organization
to own and extend the line to Severance, &c., the officers to include: M . S.
Radetsky, Pres.; Marshall B. Smith, present receiver. First V.-Pres. and
Supt. of Construction and Operation; Clinton M . Smith, 2d V.-Pres.; E. H.
Radetsky, Treas.; Charles Ginsburg, Sec. & Gen. Mgr. V. 104, p 2010
For 6 mos. ending Dec. 31 1916, gross, $90,223, against $84,719; net!
$14,526.— (V. 104, p. 2010, 2451.)
’
DENVER & RIO GRANDE RR.— (.See M a p .)— ROAD.— Mileage;
Road owned and operated_____2,4351 Of tho preceding:
Rio Gr. Jo. R R ., &o. (leased).. 142 Standard gauge_______________1,791
--------1Narrow gauge only____________ 786
Total operated June30 1916.2,5771Second track_________________ 206
HISTORY.— On July 31 1908 the Rio Grande Western was merged.
V. 87, p. 226, 285. The Rio Grande Junction (of whose stock the greater
part is owned) is leased Jointly by this co. and tho Colorado Midland (fore­
closed in 1917) and its bonds guaranteed. V. 95, p. 1541; V. 97, p. 886.
Rio Grande Southern has been controlled.
Judge Learned Hand in the U. S. Dist. Court in N. Y . City on M ay 18
1917 decided in favor of the Equitable Trust Co., as mtge. trustee of the
old Western Pacific Railway, the suit brought against the Denver & Rio
Grande R R . Co. to enforce the payment of the guaranteed bonds. The
decision fixes tho amount to be paid by tho Denver & Rio Grande at ap­
proximately $34,000,000, which is in excess of tho amount for which the
Western Pacific sold under foreclosure. An appeal it is expected, will bo
taken to tho U. S. Circuit Court. V. 104, p. 2117.
Committees Formed in View o f Aforesaid Decision (V. 104, p. 2117).
First A Ref. 5% M . Bonds.— Seward Prosser, Chairman; C. Ledyard Blair
E. 1C. Boisot, John Henry Hammond, Andrew J. Miller, William Salomon
Joseph II. Seaman and Frederick Strauss. Cadwalader, Wickersham &
Taft, counsel; Bankers Tr. C o., N. Y ., depositary. V. 104, p. 2117, 2552.
Common A Pref. Stock.— Harry Bronner, J. Horace Harding, John W.
Flatten and Harrison Williams. Cravath & Henderson, counsel; Chauncey
II. Murphoy, 55 Cedar St., N. Y ., Secretary; United States Mtge. & Trust
Co., N. Y ., depositary.
7% Cum. A d j. Mtge. Bonds.— John B. Dennis, Alonzo Potter, Otto T.
Bannard and Albert Strauss, with B. L. Stowell as Secretary, 24 Broad St.
N. Y .; New York Trust Co., depositary. V. 104, p. 2235.
’
_ -------------- „----------■ ------------------relationships
between Western P acific Interests and your com pany will bo accom ­
plished.” An expert has Investigated the equities o f the case with a view
to determ ining what sum s, if any, should properly be paid in case o f a
settlement o f the guaranty claim . V. 104, p .2 5 6 .8 6 3 . Western P a c.V . 102
p. 155, 160, 1346; V . 104. p . 163. 257.
’
'
T ho stock ($200,000) o f Salt Lake C ity Union D epot & R R . C o. Is about
equally owned by the D . & R . G . and Western P acific, which guarantee Its
$1,100,000 first m tge. 30-year 5 % bonds. V . 88, p. 232.
S T O C K .— T ho Mlssou-1 P acific on June 30 1916 owned about a 30%
interest In the d o c k , namely: $17,295,000 com m on and $9,805,000 nrel.
stock . V . 72. p . 338 , 580. 1238; V . 73. p . 500.

EvapSfon

OGDEN

GR E ;
SALT'

E ch o

Baggs

Hillard w

U

M

K

D0UglaSV l

Icorb en
Virginia Dale o o
------ \Box Elder
Adams o
Elkhorn°
Bellvue
kHaworih ‘

.

-Coalville

MAP OP THE
Hahns Peak 0
1

/ pa RK~-C.ITY~

o
_ BINgThAWI
Tooele#..
jS ' f£\
_
VOUTAHir In/
Terminus0 copper )m

^HEBb
Charleston
xe^ A

Injdianola!

NEPHI

Xeamlngtonr

aiiVlewft
J u a b / Moi\ 01?i5 ,
‘ Drapei-^/^X'C
fe S k

V

q«

\Ma n Ti $ S S / S
Stifling J & .
'
G u r m is o a ^ ^ RR|S0N.-

‘

^

A

V I ' «iy,
/*.
tr.u .

^

%

. GRANl
JJUNCTI OI

% \% A

e ° « f /? s
\D eer R u n

w° NT^i"o
jn co m p a h g r^

Placer VS^. v

t

5 s

(A

.
, \
' i l e d fo r d \ ^ —

^ r^ W o n u -g u e

N

.

"

1

,

!
A m edee j

^

“ erw ...

--------- I . 9 / v 7 Shatter
/ /-U ^/Satt
) V ZLn /e5. -

\

'

V ^ - .^ A C h i c o

r

\

o W

I X ^ 'A l f : ^

'« 4

±c-ilrk

/S

ep

^ E

A R Y S A f f f ^ J /y fr d u iT c v .

x>»^. o\

- «




^ .fc R S O N

. 4 Silver Cr?-'

V
C IT Y

U

A u s tin

;D
E u reka

a

0<j £

.W a r ju S p r s .
E ly /

)/fioBeviUfiv
‘N^hurchiU
:'RAMEr^TO \

I

|
j

MAP°FXHE

PALMER

^

o. o.
^

v

V

1

F a n g u itc h .

B-

(

T ^ D e o r T r 4 .il

Jliver-Bend
Claremont
R a. __ PAO».

/

lakeP4

’
poSJ^Ramah
ryVVi-~jC „
OHoltwoit
Hnltwolt
SP^JIayfleld

>
Kj

tA,
...
Nte < / ?l,■*%
^,
Aioytt^

H
C
O
W

Eads
. ,
Antelope.Spring

0 ^
■'Arlington

02

a
v> - - v

l

H

S a ^ jobient ^

d g l - £ S
S,

^ 0< 5 \

o

aC

o> X
* '■

.\

~TT

'
^ ca
ee

Wal5£ h0' * V
j-* Veta

j as- Animas

SVoid

La Junta^sMiTA/

&

f /
.9
v J ^
<y

/

*-

_o _c/ c°^a.Q
J «? f j m

V

W
O
d

o PInon Sjpp.-

uBarnea/
‘ CMIjloSA jc ,
RO

b

02
oT roy.

.
oarboklbojc/ ^ ^ ^ A

-jWatervale •

^ —°Travisilla!
JEnsenada
~ noion^
o^
■*"VDes Moines
ierra AMARALLA *
/ X
W > Riverfv : \
^
T?oyburg
Troyburg A t Grande
A HTres Ptedras
JDorsey
Connell
Elizabethtowm,
i Maxwell 1
Ll)bra|o'^'
Scrvillcta
~\.
^^
^ hr-.—
fV l^ c I l i e l t e l E

o

ent Canon,

I ^ 'V '/
NT

G aU inaoV

.
Skn Pablo (o \

\

S '

•= j^unar

| Hue(fano
Timpas/
Ailache
fi^OCHARAf/C. ^
/
/T )e lh l

^/Tyrone
^PAQOSA SPRS.V U
**^ / < W

>

■l* * * ^ ' M e r e d i t

------- '

mjraniros

COTTON tfOOD

Wh“ ’. S ^ »
South Fork,

Coyote 0

Ju“ction/ X <0^

WESTERN PACIFIC RAILWAY.

N

DAC

_
Cripple C r e e k cy^kKclker /
\Nathrop
'
>,VVidefleia
Victor
fL^CALUMET
' MI.ruilUMMU
\Fountaii
■iih

Edith

Bloomfield

_

B e n n e tt

LarkspurU

L aUarit|fc™*4

^

00

S te r lin g

- R-

Borsm
,
EdgertonS
y^vAiNffTcKi
9

Voa i^

j Largo

L. l „
. i 6' / V
/Cherry Crcch ^
^
| A j tint,c jc, ^

>

}?

___. T
R Wigwam
p o NCH^ y ^ W^ i g r J ^ ^ ^ ^ f e ^ t P ^ .^ c ^ r i ’inon/

“ ° CREEDE

, a Elk Park
eedleton/f

,F
A
RW
IN
S
T
O
N

Fallon

h

l l e

W ^ ^ v’e r t o N Waso’i ^ ^ V ^

2 * 8 /^ / J

.

I*Alpha'

jc .eNA VISTl._

' Ironton

W

G,arDcrvilteJ^ m u e a^ \—Bi‘Sg ^ ^ ' X'^
S< ^ ^ a z e n “ canyon|
‘I
' ^ i1

V

,,
<6'I

R iv e r s id e

uby

0
x

V

V

f

q

^

, , | ^ r j a e k ’ s C a b in

rv*
s
(^ ~ V \

F t .M c D e r m it t

© ! ' P a r a d is e V aU ey

Kedding

r

^ Mlumoi

W ° ° % ^ | * ^ ^ « ^ | U 5 ;0aiarine

-

^ruu/uLiU

|

iB d rn e lle

Bear.Creek
hldoou^ 0 1 ^
P.olorc»/^?Gov'0
_Lost CaiionYwT •SL '-'

U’ ^cVO"000

O w yhee

L. y G<XseL.

E u reka—

y ^ c o fT

*

ChrlitmatL

O

IV -

0

.T t o m n v L a k e v le w
$7 \LoAt*
^3

»<•

J l6y

// 1A Toluca
kCASTtiE ROCK^
%0'BRIENS QUARRY
OUGLASg*^ DOUGLAS q
QUARRY
.u/

X F p ir p la y '

~\^win Lake

ru byss ^

VANCo V l W ^ ^ “

|

S u m m er L .

MALTA!
m a l t ^

£ \

I
\
ouman
Leoiiard Cr. < p C RID? WAY B Yoi^man
Norwood d

E a g l e ’ c l t y \ v^ D a i i d y C n j k s l n j

BarmyL.iO^L.ilalheur{

~

e

^

P - W md^
n t j^ \

.Hanksvillo'

Lizard H e a d ^ cy o
_

S P

*4s^ ^ A N T H R A C 1T E \

J is c a la n te ^ ^
fDELTA,
icolotpw

f\

a

tB fcy

S KA

„ _ W o lh u r st

tokomo
HFlcWnt PASS
^£

^

P la c ita

'^

C°ot'* l n
Glencoe
^Geoi-gctown^£°tT\ & J X r ^
niLLON
vJolden ^Burnham
FORT LOGAN E0Military Jc

*

j>

■ ^ x id g e p o r t j^

L

,_ c \

,

TENNESSEE*

R ed ston ep

oA <L

<%\ ° \

'ivALE L
f
dLoa.

\Es<

^

C o a lB a s in h V o o ^ m

§

\ . Caincvillec

X

Jerom e I X r k ^

/Elsinore,

Thurberx__

^

R A

V- x \

Rifle T*

G R E E N iR I V E R

'

e

l
?Ojc carbon DAl

^ u X $ % %
/S ig u r d
/R I C H F I E L D

"V

/fc a

E B

_
• '0 \ K e o t o
^
^
Ho
*Y
/*'
*io
Fort CoVjns
\
Kaymer

Stouti
A r k in s„
? ^ U r
^ L o v e la n ^ p —

o SteamboatN \
A Sprs. )1 1l \\ N

___ Bushnell

|N

9-Athol

Topon^o notSu4 urf P ^ ^ \ . Sunset
. _ „ i ------‘
^ e ^ Y u l

S .
K
Morgans^ %

Highmore

<fi2 \

D esert

^
7
Eddy£

( S )

(MOUNDS
VCcdar
<-*
!iVVoodsifie >

v-».

Hebror/0

c n a w a a e s w i o ENu r R & Rio GRANDE
■i » . i 1 . - i i v . RIO GRANDE WESTERN

l Fork
Soldiers Summit
CO LTO^N
Castle Gate
_
Helper
4 ^ 0< \ s;x\ c ^ wgv
A - ’jySUNNYSIt

/P in e s

\

'V s

^ C a r y lx u r s t

MAMMOTH
Tlntic

_J

' r'

___J S P R I N G V

S1.LVER CIt W * * * * 5-

______ ______

_ . CHEYENNE

°™ 5 V

A

ad0

Asetao f

!

__ /T* Gladstone

r \ C la y u ^ H A /lme

| Barranca
1
V
.
mbudo
\
\
v
\ A Wo
Alcalde
\ Colliers a /
^ \
" V
espanola
LaCueval
°
o7
o Plaza
i
^ an lld eF on so
/ Tipt° n > a n FeUpe ^ e ^ u i t e

'/T
^

<3
o
f

o
E s c a la n te

Henrieville^^

eW"Ss7

yuiw11 -■—

; Vegas

tfs.

-June. 1917 )

RAILWAY STOCKS AND BONDS
M iles Date
Road Ronds

R A IL R O A D C O M P A N IE S
IFor abbreviations, & c.. see notes on first page]

Denv & S a lt L. R R — Stk held In v ot tr $35,00 0 ,0 0 0-ls t M $35,000,000 gold redeem 1 0 5 --B a .xc*& r*
D o cash lnt: 3 % , 3 yrs; 4 % , 1 yr; then 5 % - . x
D o cash lnt: 4 yrs, 1. 2. 3 & 4 % , resp, then 5 % -x
Adjustment (Income) bonds 52,000.000--------------- x
T w o-year notes $300,000 auth call 1 0 1 ------ Em.y
E quip notes g due $25,000 or $24,000 s-an n-E m .xc*
do
Pullman C om pany----------------------------------do
($19,000 duo M arch 1 1 9 1 7 )--'....................
do
due $8,000 s-a beginning Jan 1 1917----------do
duo $22,750 semi-ann-------------------------- - - ­
D en ver Un Term R y— 1st M red 105 beg ’ 19 te x t.C C
Des M oines & F ort D od g e— See M inneapolis & St L
Oes Moines Union— First M $800,000 g o ld ------ Ce.zo*
D et Bay C & W — 1st M $1,250,000 g red text s f FC .xc*
Detroit Grand Haven & Milw— First equip M g u -.y o *
Oonsol M guar p & 1 Grand Trunk R y of Can ._ y c*

text
text
text

4
84.5
189
189

& N
& N
& N
& N
& A15
& A
& O
& S
<Kc .1
J
A & O
M & s

1887
1912
1878
1878

M &
A &
A &
A &

1.000
1,000
1,000
200 &c

.

Other incom e................................

1.027,731

T otal net I n c o m o ................................. $10,085,437
Interest on b o n d s .& c ._
.
$4,982,143
Interest on adjustment m tge. b on d s. (7% )700,000
587,206
Rentals, & c ..........................................
Renewal fun d ............................................
137,661
Sinking fund..............- ............................
149,737
Appropriations for betterm ents, & C -. 2,300,000

$6,511,607
1,241,181

$6,123,564
1,262,934

$7,752,788 $7,386.498
$5,007,103 $5,014,536
689,471
611,499
637,484
360,089
137,732
137,722
135,313
126,167
211,045
80,927

Surplus............ .........................................$1,228,690
$934,640 $1,055,558
O F F IC E R S .— Pros., II. U. M u dge; V .-P s ., ICingdon G ould and Arthur
E . Sweet: S ec., John P . Howland: T r e a s .,T . II. M arshall. D enver; Asst.
T rcas., Jesse W hite. V . 101, p . 1552, 1627. O ffice, 165 B roadw ay, N . Y .
Directors.— George J. G ould, E . r . Jeffery, K ingdon G ould, Arthur
C oppell. Edward D . Adams Finley J. Shepherd, B . B . M cA lp ln , Georgo
G . Haven and Harrison Williams, N . Y .: It. IJ. M udge Denver- Beni F .
Bush, St. Louis.— (V. 104. p. 72. 163. 256, 863. 2010, 223572552.)
D E N VE R & S A L T LA K E R R .—-Projected from Denver to Sait Lake,
about 575 miles, along a line about 100 miles south o f tho Union P acific and
125 miles north o f the D enver & R io Grande. In 1916 256 miles, Denver to
Craig, was In operation, lnel. Steam boat Springs to Craig 41 miles ouened
Dec. 1 1913. V . 95. p . 1403. 1541; V . 96. p . 1088: V . 5 t . D . l W 3 .
T he electors o f Denver on M ay 20 1913 approved charter amendments per­
mitting a tunnel to be built by city through tho Continental D lvido, for use
under lease by this and other companies at an estimated cost o f $-1,420,000.
o f which this com pany is to pay the cost above $3,000,000. and also inter eel
on tho city bonds and maintenance and 1% yearly to retire tho bonds. C ity
bonds auth. Feb. l j 1914 w eroon July 8 1914 declared illegal b y the O o lo rado Supremo C ourt. V . 9 6 . p . 1488; V . 92. p . 1310; V . 95. p. 1403. 1122;
V . 96, p. 1488, V . 97. p. 1 0 2 4 .1503; V . 98. p .7 3 . 610, 762; V . 99. p.119.1597.
O R G A N I Z A T I O N . I n c o r p . In C olo. D ec, 1912 an d t o o k o v e r as o f
M ay 1 1913 (p er p la n . V . 9o, p . 890) the D enver N o rth w e ste rn & Pacific
R y ., foreclosed. V. 9->. p. 1083. 1603. 1,-31; V . 96. p. 135, 1296. 1364.
Leases Northwestern Terminal B y .,D o n "
101 Jan. 1 1964. V . 9 8 .p .9 1 1 .
D efault having been made In
o paym ent o f tho interest duo M a y 1
1915 and semi-annually thereafter on the hirst M tgo. 30-ycar gold bonds,
tho bondholders * com m ittee In l.)17 urged deposit o f tho bonds with M ercantilo
~
‘
‘
"
m ittee:
M a k op icco' Secretary, 115 B ’w ay, N . Y .— V . 104, p " i8 0 0 ; V*. 1021*7 2071
„ S T O C K — Authorized L«ue increased In M a y 1913 from S10.000.000 to
$35,000,000. T he $11,670,300 Issued to all held in 5-ycar voting trust ex­
piring M a y 1 1918. V . 96. P- 1088. 1488: V . 99, p. 1597. In Sept. 1915
Newman E rb retired as trustee. President and director. V . 101, p . 1013.
Directors and Voting Trustees (as changed in 1915): Law renceC . Phipps,
Chairman o f board o f directors; Gerald Hughes, Fred. G . M offa t and Chas.
Boettcher o f Denver: Ward E . Pearson. Geo. II. Burr and W . M . W addon. N . Y . V . 101. p. 1454.
B O N D S .— All graduated 1st M . bonds were for tho first four years to
receive full 1st M . 6a for difference between 5 % and rate payable in cash.
(1) T o bear cash lnt.. payable semi-annually as follows: 3 % per
annum for first 3 years, 4 % for 4th year and 5 % yearly there­
after. There was placed in trust $132,810 cash to be applied
In paying 2 % on account o f the 3 % lnt. payable for the first
year and 1% o f the 3 % lnt. payable the 2d year, s a y ,_ ..........-$4,427,000
(2) i T o bo Issued bearing cash Interest, payable semi-annually, as
follows: 1% per annum for first year; 2 % for 2d year; 3 % for
3d year; 4 % for 4th year and 5 % yearly thereafter, s a y ____ $1,734,000




When
Payable

6g
S100 $11,670,300
2.991.000
1913 $ .£ .fr,& c
5
-4-5
4.427.000
1913 $. £, &c
J-3-4-5
1.734.000
1913 $ , £, &c
1913
to5%
2,000.000
$1,000
6
217.000
1915 1.000 &c
1913
5g
258.000
1.000
107,912
5 g
1913
5
20,500
1915
6
1915
S8.000
6
159,250
1916
1914
4.000.
000
414 g
1.000

D IV S. since ’911 ’92. '93. ’ 94. ’ 95. ’ 96. ’ 97. ’98. ’99. ’00. ’01 to Jan .’ l l
on preferred,
0
2
0
0
2
2 2 ) 4 4
4
5 yearly.
B O N D S . — Improvement mortgage abstract in “ C hronicle,” V . 47, p. 229.
Abstract of R . G. W . 1st m ort. was In V . 49, p. 237, and statement to
N. Y . Stock Exchange, V . 50. p. 73: also V . 69. p. 284. Utah Fuel 1st 5s
of 1931: see application to list, V . 78, p. 1171, 1178, 1548. 2015.
R io G. W . First Consol. 4s of 1899. see V. 72. p. 537, 775, 1189.
The Refunding mtge. dated July 1 1908 covers the consolidated properties
to secure an issue of $150,000,000 bonds, redeemable at 105 to A ug. 1 1913
and 110 thereafter. In addition to a lien on the Denver & R . G. R R ., the
bonds are seoured oy two-thirds ($50,000,000) of the stock of the W estern
P acific (V . 102, p . 155, 160). and all tho $25,000,000 2d m tge. bonds on tho
latter. V . 86, p . 1224, 1284, 1529: V . 87. p . 226, 285. 544, 741, 1419;
V . 88. p. 100, 230. 294, 504. 822: V . 89, p . 348. 593; V . 90. p. 8 4 8 ., U tah
Central R R ., $390,000 1st M . 4s paid o ff Jan. 1 1917 are refundable with
D . & R . G . R ef. M tge. bonds. V . 103, p . 2340.
, , ,
The Adjustment m tge. (7% cum . Income) bonds authorized In April 1912
(total $25,000,000. present issue $10,000,000) received their first install­
ment o f Interest absolutely on O ct. 1 1012, and are since entitled (A . & O .)
to such amount as the board shall determine out or surplus net Income
during the six months ending D ec. 31 or June 30 immediately preceding,
all arrears, if any, to bo paid at m aturity or at date o f earlier redem ption.
Redeemable at 115 any intorost date; 3 )4 % intorost declarod, payable semi­
annually from April 1 1912 to and Including April 1 1917. V . 97. p . 728,
1420: V . 101, p . 773. V . 94. p . 911. 1565: V. 104, p . 863.
net. $5,396,791
E A R N IN G S .— 6 m os../1 9 1 6 - G ross, $14,087,322:
July 1 to D ec. 31.
11915.............Gross,
13,512,921; not, 4,992.723
Four m onths. Jan. 1 t o f 1917---------- Gross, S8,580,647; net, $2,460,802
A pril 30.
\1916.............Gross.
7,270,800: net, 2,513,436
A N N U A L R E P O R T .— F or 1915-16, V . 103. p . 1028, 1037, 976.
June 30 Years—
1915-16.
1914-16.
1913-14.
Average miles operated.........................
2.572
2,571
2,583
T otal operating revenue...................... --$24,890,084 $21,823,230 $23,593,641
N et revenue..............
$10,150,673
$7,533,565 $7,133,072
Taxes and uncollectibles........................ 1,092,968
1,021.958
1,009,508
O p era tin g In com e ................................... $9,057,705

Amount
Outstanding

Par
Value

4 9

671.000
658.000
2.000.
3.200.000

5 g
5 g
6
000
0

M
M
M
M
F
F
A
M

Last Dividend
and Maturity

Places Where Interest and
Dividends are Payable

M a y 1 1943
M a y 1 1943
M a y 1 1943
M a y 1 1943
F eb 15 1917
S ep t’ 1 7 -M a r’23
O c t ’ 17 - O ct '20
S ept’ 17 - S eptl7
J u ly’ 17 - J u ly’22
O ct 1 1920
M ar 1 1964

M a y 1915 cou p unpaid
do
do
do
do
N ew York
Em pire Trust C o , N Y
do
do
M erch L & T r C o , Chic
C olum bia Trust C o , N Y
C om m er’l Trust C o , Phil
Am erican L ocom otiv e C o
C ont & C om T r& SB .C hic

N N ov 119 1 7
O O ct 1932
o N ov 141918
o N ov 15 1918

Central Trust Co, N Y
First T r & Sav B k, Chic
New Y ork and London
do
do

3) T o be Issued bearing from tho outset full 5 % interest—
For difference cash paym ent 1% and 3 % graded in te re s t_____ $480,225
T h e $2,000,000 adjustment mortgage bonds were at outset 5 % non-cum .
incom es and so also were N orthw . T erm , bonds for tw o consecutive years
but thereafter fixed 2d M . 5s.
In Feb. 1915 the Issuance o f $300,000 2-year 0 % notes secured b y 1st M .
bonds taken at 50 was authorized. T o discharge the remainder o f $450,000
floating debt bondholders were requested to fund their M a y and N o v . 1916
coupons into 1st M . bonds, taking the latter at 75, per plan, V . 100, p . 732,
811 (producing $250,000) and interests identified with tho management
were to fund notos aggregating $163,962 by taking 1st M . bonds at same
rice. In N o v . 1915 plan was declared operative, over 9 2 % o f the bond*
aving been deposited with Bankers T r. C o ., N . Y .
In this connection
$217,(100 o f the aforesaid 2-year notes were sold to pay floating d ebt and
$50,000 were pledged to secure a $50,000 debt extended for tw o years,
leaving $33,000 2-year notos in the treasury.
As o f June 30 1915 loans and bills payable were $302,461; car trusts.
$657,502.
Equipm ent notes o f 1913, see V . 96, p . 553, 1088 V . 97, p . 526.

6

E A R N IN G S .— 6 m o s.,(1 9 1 6 __________Gross, S I ,096,159; net, S269.220
July 1 to D ec. 31.
U 9 1 5 --------------- Gross, 1,076,828; net, 332,720
E A R N IN G S .— F or fiscal year and the 10 m onths ending April 30:
V . 101. p. 1806.
-F iscalY caren d.Ju ne30----- 10 M os. end. A p r . 3 0 1915-16.
1914-15.
1913-14.
1915-16.
Operating revenues____ $1,893,747 S I,639,455 $1,207,517 $1,580,699
Operating expenses.___ 1,367.680
1,119,929
919,586
1,142,363
N ot revenue_________
T a x accruals___________

$526,066
90.503

$519,526
94,889

$287,931
69.728

$438,336
75,641

Operating incom e____
Other income (n et)____ _

$-135,399
..............-

$424,637
25,253

$218,203
48,210

$362,695
10,458

$449,890
109,534
317,056

$266,413
109,437
303.016

$373,153
90,440
347,741

Gross incom o_______
Rental o f terminals____
Interest on funded d e b t.
N et Income__________

sur$23,300 def$146,040 def$65,028
O F F IC E R S .— Charles Boettcher, Pres.; W . E . M orse, Yice-Pres. &
Gen. M g r.: Gerald Hughes, Sec., and E . I. Grenfell, A u d ., D enver; W illiam
W adden, Vice-Pros. & Asst. Sec.; W ard E . Pearson. T reas., N ew Y ork.
D irectors, see above.— (V . 102, p . 1718,1811, 1987, 2071; V . 104, p. 1800.)
(T H E ) DENVER UNION T E R M IN A L R Y .— T o take over the Union
D epot & R y . C o . (V . 71, p. 343) and extend and Improve tho passenger
terminals at Denver, C olo. Stock $30,000. equally owned b y the Union P a­
cific, Denver * R io Grande, Colorado & Southern. C hic. Burl. & Q uincy,
A tch. Topeka & Santa Fe and Chicago R ock Island & Pacific which
guarantee the bonds ($10,000,000 auth. issue), o f which $4,000,000 were
sold to the Union P acific. V . 97, p . 1024,1115: V . 98. p. 762: V . 99. p. 4 0 0 .
P ros., A . E . Sweet: V .-P ., E . S. K oller; T reas., Chas. S. H aughwout; Sec. &
A u d ., P . R . M orris. O ffice, Denver, C o lo .— (V . 99. p . 406.)
DES M OINES & F O R T D O D Q E R R .— See M inneapolis & St. Louis R R .
DES MOINES UNION R Y .— Terminaliroadln DesMoInes; owns4.18m lIes
main track and branches, 19 miles 2d and side tracks, bridge across Des
Moines River and 25 acres of land in Des Moines. See statement to N . Y .
Stook Exchange In V . 65. p. 1173. Leased to W abash R R .. Chicago Great
W estern .C hic. M ilw . & St. P . R y ., C hic. Burl. & Quincy R R . and Minnoap.
& St. Louis R R . V . 75, p .3 4 2 . Rental equal to expenses and fixed chges.
paid m onthly b y lessees on wheelage basis. Stock auth., $2,000,000: o u t..
S400.000; par, $100. Year ended D oc. 31 1916, gross, $122,427; net,
$57,583; other incom e, $175,991; in t., taxes, & c., $84,070; b al., sur., $149,­
604. C ourt decision as to ownership, V. 102, p. 1346.
D E T R O IT B A Y C I T Y & W E S T E R N R R .— Owns B ay C ity . M ich ., to
P ort Huron, 102 miles, including extension 31 miles in length, com pleted in
1916. Stock, all ou t. $450,000. T ho 1st gold 5s ($1,250,000 auth. issue)
are redeemable at par prior to O ct. 1 1922, thereafter at 105.
In Sept. 1916. $108,000 bonds were sold for 13)4-m ile extension from
Peck to Fargo. T he $592,000 unissued are reserved for extensions at no*
exceeding $8,000 per m ile and 75% o f cost o f additional terminal facilities,
provided the annual net earnings are twice tho interest charges, including
bonds to bo Issued. V .9 5 . p . 1273. Year ended June 30 1916 on 71 m iles,
gross, $209,067: net, after taxes, $84,332; Int. on $658,000 bonds, $32,900;
b a l., sur., $51,432. Pres., Thom as L . H andy: V .-P res., C . W . H andy;
T reas., G . W . H andy; Sec., F . S. H andy. O ffice, B ay C ity , M ich .— (V .
102, p . 2254; V 103, p . 1117.)
D E T R O IT O R A N D H AVEN & M IL W A U K E E R Y .— Owns from D e­
troit to Grand H aven. M ich ., 189 miles. Real estate bonds, & c., $226,000.
On June 30 1914 sundry outstanding accounts, $4,204,108. Grand T runk
o f Canada owns entire $1,500,000 stock.
E A R N IN G S .— 4 m o s .,fl9 1 7 ............. Gross, $1,005,243; net, $25,900
Jan 1 to A pr. 30. \l916-----------Gross,
1.002.333; net, 129,708
Year ending June 30 1916. gross, $3,242,210; net, $832,002; charges
$831,482; bal.. sur;, $14,936.
Year 1914-15. gross, $2,655,552; net,
$363,740— (V . 96. p . 789.)
DETROIT H IL L SD A L E & SOUTHWESTERN R R .— Owns Ypsllanti,
M ich ., to Bankers, M ich ., 65 m . Leased In perpetuity July 1 1881 to L . S.
& M . S. R y . (now N . Y . C ent. R R .); rental, $54,000 per year— 4 % on s tk .
DETROIT & MACKINAC R Y .— Owns from B ay City, M ich., to Cheboy­
gan. 195 m .; A u Sable division (form erly A . S. & N . W . R R .) . 50 m .; Rose
C ity Branch. 31 m .: P rescott Branch. 12 m .: Lincoln Branch. 14 m .: Au
Gres Branch. 8 m .; Alabaster Branch, 4 m .; Hillman division. Alpena

50

[Vol. 104

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[For abbreviations, & c.. see notes on first page]

M iles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate
%

When
Payable

Last Dividend
and Maturity

A J July 5 1917 2%
4
J
$100 $1,350,000
65
Detroit Hillsdale & S W — S took 4 % ren ta lN Y R C en tR R
See text
<& .1
2,000,000 5 % 1916 J
100
Detroit & M ackinac— Comm on stook, 52,000,000 auth
A J July 2 1917 2 H
100
950,000 5 in 1916 J
Pret stook non-cum 51,000,000 auth (V 74, p 629) - ­
A D June 1 1995
1,050,000
J
1,000
4 g
All
1895
"F irst lien” 51.500,000 gold .............. ................... Oxo*
J A D June 1 1995
1.250.000
1,000
4 g
All
1895
"M ortgage bonds” 51.750,000 g red at p a r ------ Oxc*
Detroit M ackinac & M arquette R y.— See “ Mlscellan eons C om pan les.”
4 ^ g M & N M a y 1 1961
1,000 18,000,000
2.72 1911
D e t r o it R iv T u n — 1st M $30,000,000 gu en d .G .x c*r*
inn
6,500.000
D e tr o it T o i & I r o n t o n — C om m on stock $6,500,000
inn
5,989,998
P ref stock (p & d) non-cum 4 % & partic.$6.000,000
7*““
J & J M ch 1 1964
1,125,000
6 g
1,000
1914
First M gold red 105......................................
N .yc*
7.628,868 U p to 5 Semi-an M ch 1 1954
100 A c
AdJ (inc) M $8,000,000 g cum aft Jan 19 red te x t.C e
50,000
6
5,000
A & O 15 Oct 16 1917
1914
C ar trusts due s-a $25 M 1915, then $50 M ---------- N
N o v 1 1925
6
117,000
100
1916
E quipm ent gold notes o f 1915 $132,000----------------See text
do
do
proposed In 1917 $500,000 5 K %
A J Jan 1 1953
3.000.000
J
4 g
1,000
48 1903
Det & Toi Sh L— 1st M 53,000,000 g g u --------Ba.xo* Ar
A A O Apr 1917 3 %
150,000
6
100
o o v e r & R ockaw ay— Stock 6 % rental 990 years-----F A A A ug 11951
5,425,000
4 g
1,000
218 1895
Dub & Sioux C ity— 111 Cent W lines 1st M g -.U s .o * Ar
A A O Oot 1 1917
2.800.000
7
500 Ao
184 1869
Iow a Falls & Sioux City 1st M Iow a F to S lo u x C y .-z
8,930,000 Illinois C entral bo nds or collatera
328 ’88-00
Cher A Dak, C R A C and Omaha DIv &o first mtge
A A O Oot 1 1937
8,151,000
5 210 1887 1,000 Ao
Duluth & Iron Range— First m ortgage......... M p.zoA r
J
A J Jan 1 1922
1,174,000
6 g
65 1892
Duluth M issabe & Northern— First m ortgage gold
z
A J Jan 1 1941
J
5 g
1,000 10,665.000
361 1906
General m ortgage gold s f, red 105------------------- Nxo*
Duluth Rainy Lake & W innipeg— See Dul W in A Pao.
A A o Apr 119 2 5
1,077,000
6
1,000
130 1885
Duluth So Sh & Atlantic— Marq H & On gefiM .C e.zo*
J
A J Jan 1 1937
3,816.000
5 g
1,000
604 1887
Duluth South Shore & A tlantic 1st M g .-C e.x c& r
F A A A ug 1 1990
4 g
604 1890
1,000 15,107.000
First consol m tge gold Interest guar___C e.zo*Ar
3.000,000
4
1892
Inoom e certs held b y Can P a o ____________ _________ z
5
1S9B
86,213
Car trusts held b y Can P a cific R y ----------------------------F & A Aug 11917
5,800
4
1912
do
do
do
z
___ 1912
62.000
4 H g J & D D ec 1 1917
do
do
d o due $31,000 s -a .C e .x c
A Sc O Apr 1 1923
4\\
132,000
1913
do
do
d o due $11,000 s-a
x
.1 Sc J Jan 1 1927
412,000
5
1917
do
do
d o due $20,000 s-a______
Sc D June 11939
7,011,324
4
J
1909
Du W inn & Pac— 1st M deb stook guar by Can Nor R y
1,000
A J Jan 1 1921
2,000,000
J
5 g
1906
Dul R L &W ln 1st M oxten'd gred 100 Joint gu ar. ICo*
M A B July 1 1941
300.000
5 g
42 1905
1.000
Durham & So Car— 1st M 5300,000 g red 1 0 5 ..M eB a .x
M A N May 1 1955
1.000AO
60,000
5 g
1905
Durham Union Station— First M 5 75,000g -_ G .x c* A r
Dutchess C ounty R R — See Central New England R y
J A J Jan 1 1958
4
500,000
1,000
49 1908
East Broad T op RR & Coal— 1st M ext 1908................
A J July 1 1958
464.400
4
J
100 Ao
49 1908
2d M Incom es_______________________________________
J & J July 1 1958
92,500
4 g
500
10 1908
Shade G ap 1st m ortgage----------------------------------------c*

DETROIT & TOLEDO SHORE LINE R R .— Extends from T oledo to
(suburbs of) Detroit, 47.6 m .; 2d traok, 20 m .; sidings, 3 m .; trackage over
T oledo R y . & Term . C o., A c., 31 m .; total traok, 101.6 m. V 78. p . 2598.
The Grand Trunk W estern R y . and the Toledo S t. Louis A W estern R R .
own the entire $1,428,000 stook and Jointly guarantee the bonds, principal
and Interest, b y endorsement. See form of guaranty, V . 76, p. 653. First
dividend, 4 % , paid from earnings prior to June 30 1908: In fiscal year
1908-09, 6 % . and In 1909-10, 1910-11, 1911-12, 1912-13 and 1913-14, 8 % ;
also In 1911-12, 8 % and In 1913-14 $630,000, from accum ulated surplus,
paid In 1st M . 4s); 1914-15, 8 % and 6 % extra, V . 99. p . 1366.
E A R N IN G S .— 4 m os., (1917................Gross, $622,740; net, $320,358
Jan. 1 to A p r. 30.
11916________ Gross,
659,093; not,
359,734
Y ear ended D ec. 31 1916, gross, $1,757,543; not incom e, $930,581; other
incom e, $7,345; interest, rentals, & c., $460,625; divs. (8 % ), $114,240; bal.,
sur., $363,061. Pres., W alter L . R oss.— (V . 99, p . 1366.)
DUB U QU E & S I O U X C I T Y R R . — (See M ap o f Illinois Central.)—
Dubuquo, la ., to Sioux C ity , l a ., 326 miles; Tara, la ., to C ouncil B luffs,
la ., 133 m .; M anchester, l a ., to Cedar R apids, la ., 42 m .; Cedar Falls, la .,
to Glenvillo, M in n ., 95 m .; Stacyville, la ., to S tacyvillo Jet., I a ., 8 m .;
Cherokee, l a ., to Onawa, la ., 61 m .; Cherokeo, l a ., to Sioux Falls, S. D .,
96 m .; total owned, 761.98 miles.
O R G A N IZ A T IO N .— Controlled since April 1887 b y the Illinois Central
R R ., which owns nearly all the $11,759,500 stock and $2,521,116 4 % deben­
ture bonds (issued in 1916 for advance V. 104, p . 1906), and has Issued its
own bonds on the road: the on ly D . A S. O . bonds held b y the public are the
Iow a Falls A Sioux C ity 7s, $2,800,000. Lease, V . 79, p . 1274; V. 89, p . 470.




Farmers’ L & Tr Co. N Y
H K MoHarg, New York
do
do
J P Morgan A Co, N Y
do
do

N ew Y ork T ru st C o
N ew Y ork T rust C o
Bankers Tr Co, N Y
143 Liberty St New Y ork
Office 32 Nassau St, N Y
do
do
1 therefor
Office Empire Bldg, N Y
Com pany’s office, N Y
55 W all St. New York
do
do
New Y ork or London
Held b y Canadian P a cific
Held b y Canadian P ac
C hicago, 111
W m . A . R c a d & C o .,N .Y .
C ont& C om T & SB k. C hic
First T r Sc Sav Blc, C hic
London or T oron to
Chase N atB k.N Y : A C hic
M erc T r & Dep C o , Balt
Guaranty Trust Co. N Y
406 Lafayette Bldg, Phil
do
do
do
do

D U L U T H & IR ON R A N O E R R . — Owns Duluth to W lnton. M in n .,
120.12 ra.; T ow er Jet. to T ow er, 1.40 m .; Allen Jet. to Virginia, 24.48 m .;
M cK lnlev to E veleth, 9.05 m .; W aldo to W lnton. 15 m .; M esaba to
Dunka R iver, 17.21 m .; Robinson to Burntside Lake, 3.16 m .; other
branches, 6.03 m .; branches and spurs, 72.25 m .; trackage to Union D ep ot,
Duluth, 0.80 m .; total, 269.50 miles. • Second track and sidings, 250.52 m .
Owns ore docks and yards on Lake Superior costing over $1,500.000.
STOC K. A c.— S tock. auth., $10,000,000; o u t.. $6,500,000. Federal
Steel C o. (see U . S. Steel C orp.) owns the stock. The $4,500,000 2d M .
6s wero paid o tt Jan. 1 1916.
First m tgo., auth., $25,000 per
mile for construction and $7,000 for equipm ent.
Dividends since 1904:
1905, 0 5 % ; 1906, 4 0 % ; 1907, 8 0 % ; 1908, 8 0 % ; 1909, 145% : In fiscal year
1909-10, 100% ; 1910-11, 1 35 % ; 1911-12 and 1912-13. 9 0 % ; 1913-14, 7 5 % ;
191415. 2 0 % ; 1915-16. 5 0 % .
E A R N IN G S .— 4 m o s .,(1917____ Gross, $473,992: net, loss, $450,763
Jan. 1 to April 30. \ l916____Gross,
654,925; net, loss, 212,318
R E P O R T .— For yoar onding D ec. 31 1916, V. 104, p . 1263:
C al.Yr. Gross.
N et.
Oth.Inc. I n t..& c . Dividends.
Surplus.
1916..$7,015.736 $3,158,538 $225,843 $741,670 (25)$1,625,000 $1,017,711
1915- 5,846.651 2,742,839 249,435 965,828 (50)1,500,000
— (V . 104, p . 1263.)
D U L U T H MIS SAB E & N O R T H E R N R Y . — Owns from Stony B rook t o
M ountain Iron , M in n ., 48.32 m .; Missabe Jet. to Colum bia J e t., 29.34 m ;
Iron Jet to Blwabik, M in n ., 15.37 m .; W o lf to Ilib b ln g, M in n ., 17.26 ra.;
W olf to Virginia. M in n ., 6.30 m .; H ull Jet. to Hull Rust Y ard, M in n .,
18.15 m .: main line branches. 36.55 m .; branch from Alborn northwesterly
to Coleraine, M in n ., 53 miles; other branchos and spurs, 154.85 miles; sec­
ond track and sidings, 332.37 miles; trackage to Union D op ot, D uluth, 1.9
miles, and M issabe Junction to Spirit Lake Transfer C onnection, M in n ..
5.83 m . Also leases from Spirit Lako Transfer R y . (V . 104, p . 664) and
Interstate Transfer R y ., 24.96 m ., with 2.10 m . branchos and spurs and
11.25 m . yard tracks and sidings. Owns extensive ore docks at D u lu th .
Entire $4,112,500 stock controlled b y U . S. Steel C orp.
B O N D S.— Of the gen. 5s o f 1906, bonds are reserved to retire the under­
lying bonds; additional bonds m ay be Issued at not over $30,000 per mile for
additional single main traok and $20,000 for second, third and fourth main
tracks and for not over 75% o f cost o f im provem ents. A c. Sink, fd ., 2 % y ly .
(inch bonds In s. f.) retires b y lot at 105. V .88,p.822; V . 98, p. 1693, 1844.
D IV ID E N D S paid fiscal years ending June 30: 1912, 1 00 % ; 1913, 8 5 % ;
1914, 7 5 % ; 1915, 1 0% ; 1915-16. 7 5 % .
E A R N IN G S .— 4 m o s .,(1917.........Gross, $783,451; net, loss, $700,638
Jan. 1 to April 30. U 9 1 6 ........ Gross, 928,846; net, loss, 344,211
R E P O R T .— For year onding D ec. 31 1916, V . 104, p . 2010: Gross earn­
ings, $14,389,278: net, $7,823,688; other incom e, $209,596; interest and
charges, $1.171,115: dividends (100% ) $4,112,500; bal., sur., $2,749,669.
In 1915 gross was $9,909,549; net, $5,523,946.— (V . 102, p . 1436, 1806;
V . 104, p . 2010.)
D U L U T H S O U T H S H O R E & A T L A N T I C R Y . — Operates Superior to
Sault Ste. M arie, 410 miles; “ S oo” Junction to St. Ignace, 43 mllos; other,
175 miles; total, 628 miles, Including 24 miles o f trackage.
C A P IT A L ST O C K .— C om m on. $12,000,000: pref. 6 % non -cum ., $10.­
600,000; par, both $100. Can. Pao. July 1 1916 owned $6,100,000 com . and
$5,100,000 pref. stook, $3,000,000 incomes and $15,107,000 oonsols.
B ON DS, A o.— Abstraot first mortgage, V . 45, p. 274.
The first consolidated m ortgage of 1890 has Interest at 4 % , guaranteed
by Can. P ao., which July 1 1916 field the entire outstanding issue ($15,107.­
000) In its treasury as security for Its 4% debenture stook: consols for $4.­
893,000 are reserved for prior bonds, and additional amounts m ay be Issued
at $20,000 per mile of new lines.
Due Canadian Paclflo R y . June l 1917
for guaranteed interest advances, $9,846,475. Car trusts o f 1896, $86,213,
Loans and bills payable, Juno 1 1917, $1,140,000; car trusts. $611,800.
E A R N IN G S .— F or 6 m os. onding D e c. 31 and 4 m os. to A p r. 30:
N et.
Charges.
Bal., Surp.
Oner. Inc.
6 M o s.—
Gross.
$626,763
$611,157
$47,960
$32,354
$ 2,014,847
1916
570,770
607,853
dof. 12,245
1915
1,770,951
24,838
197,438
1917
1,295,535
193,964
1,081,053
1916
R E P O R T .— R eport for year ending June 30 1916 In V . 103, p . 1207.
Of the tonnage In 1915-16. ores furnished 3 9 % , lumber, &o., 2 5 % .
Year—
Gross.
O per.Inc. Other Inc.
Charges. B a l..D ef.
1 9 1 5 -1 6 ...................... $3,506,792 $772,614 $58,678 $971,612 $140,320
1914-15 ....................... 2.938.597 339.342
40,767 937,192
557.083
Pres., A . B . Eldridgo. M arquetto, M ich .— (V . 103, p . 1207.)
DULUTH W IN N IPE G & PACIFIC R Y ,— Owns entire $2,000,000 stook
of Duluth R ainy Lake A W innipeg R y .. Virginia, M inn., north to the Cana­
dian Northern at International Falls, 98 miles, giving that road access
to Duluth and T w o Harbors; Virginia to Duluth, 81 miles. Capital
stock auth., $6,000,000; par, $100.
C ontrolled b y Canadian N orthern
R y ., V . 98. p. 1601; V. 102, p. 152.
S E C U R IT IE S .— The first m tge. 4 % deb. stook of 1910 Is guar., p. A L ,.b y
the Canadian Northern R y . O f tho $10,500,000 auth. Issue, £1.473,353
has been sold, $1,525,000 was Issued to rotlro existing securities, $2.­
000,000 is reserved to rotiro the Duluth R ainy Lako A W innipeg bonds (ex­
tended in 1916 to 1921), tho remaining bonds to be available for further ex­
tensions, See. On paym ont o f D . R . L . A W . bonds In 1921 Its property
will be transferred to tho com pany, so that the debenture stock will becom e
a first charge on 173 miles, the D . R . L . & W . stock in the m eantime being
vested with the trustees, the National Trust C o. o f T oron to and tho Britlsn
Empire Trust C o. V . 102. p. 152; V. 90. p. 1490: V . 91. p. 154, 1322.
The $2,000,000 Dul. R ainy Lako A W . bonds wero extended In 1916
to Jan. 1 1921 (callable at par Sc int.) with tho unconditional guaranty o f
prin. and int. o f D u l. W inn. A P a c. and Can. N or. V . 102, p . 152.
E A R N IN G S .— 6 m os., (1916......................Gross, $880,883; net, $252,792
July 1 to D ec. 31.
11915.......................Gross, 690,715; not, 222,469
Four m onths from
(1917------------------- Gross, $809,669; net, $261,988
Jan. 1 to A p ril 30.
\1916.......................Gross, 730,417; net, 237,791
. . . .

Hillm an, M ich ., 22 m .; Rogers C ity B ranch, 14 m .; logging branches
(largely tem porary), 36 in.; total. July 1 1916, 387.12 m . In 1915-16. for­
est p roducts, 26.44% o f traffic. Henry K .M cIIa rga n d a ssocia tescon trol.
B O N D S .— “ Mortgage bonds” for 5500,000 were reserved for betterm ents,
A o., at not over 550,000 per year. V . 74, p. 629. In addition to the
amounts shown above as outstanding, 5450,000 “ first lien” and 5500,000
“ m ortgage” bonds were on June 30 1916 held in treasury.
D I V I D E N D S .— On p ref., 2
July 1 1903;since to July 1917, 5 % y ’lyOn com m on. In 1911 to Jan. 1917, 5 % yearly (except July 1915 non e).
July 1917, none.
L A T E S T E A R N IN G S .— (1917............. Gross, $414,458; net, $63,675
4 m os., Jan. 1 to April 30. 11916_______ Gross,
389,650; net,
89,668
R E P O R T .— Year ended D ec. 31 1916 V . 103, p . 2074; .
,
Year —
Gross. Net.afl.Tax. Oth. Inc. Int.,Rent,&c Divs. B al.,Sur.
D e c. 31 T 6 -$ l,2 5 4 ,1 0 2
$316,488 $86,625 $99,036 $147,500 $56,577
June 30 T 6 - 1,175,726
280,637 71,384
99,700
147,500 104,820
June 30 T 5 - 1,077,317
201,091 63,319
98,496
97,500
68.414
— (V . 103, p . 1687, 2074; V . 104, p . 2235, 2343.)
D E T R O I T R I V E R T U N N E L C O .— Owns double-tube tunnel and ap­
proaches under the D etroit R iver, with terminals, all leased for 999 years
from Jan. 1 1907 to M ichigan Central R R . C o. (N . Y . Central System ),
which owns the entire $3,000,000 stock and guarantees, prin . & in t., o f the
bonds and 6 % on the stock. O f the $30,000,000 bonds, $12,000,000 are
reserved under restrictions for additions and Im provem ents, Interest rate
not to exceed 5 % . (V . 98, p . 1814.)
D E T R O I T T O L E D O & I R O N T O N R R — R oad from D etroit. M ich ., to
Ironton, via Lim a, 389 m .. Including 45 m . o f trackage; branches Kingman
to Sedalla, O . , 31 in .; Jackson to Cornelia, 19 m ., and Llsraan Jet. to Dean,
0 , , 3 m . ; tota l. 4 4 1 m .; coal mine tracks, sidings, A c ., 154 m iles. Incorp.
In D ela. M a r. 1 1914 as successor, per plan V. 97, p . 1821, o f the Railway
foreclosed. Operates as lessee from M a y 1 1916 (but keeps accounts separ­
ate) T oled o & D etroit R R ., junction to Dundee, 21 m iles. V . 103, p . 60.
B O N D S , & C .— T he Issue under the first m ortgage is n ot lim ited, but
$1,000,000 thereof will be disposed o f solely to rehabilitate the property
and provide for equipment and paym ent o f equipment liens, and an addi­
tional $1,000,000 solely for Improvements ana additional facilities. Fur­
ther 1st M . bonds m ay only be issued thereafter from tim e to tim e, under
carefully guarded restrictions, for im provem ents, extensions, & c. The
Ohio P. XT. Commission in June 1916 authorized the Issuance o f $100,000
1st M . 50-year 5 % bonds at not less than 88 to provide for the purchase o f
6 locom otives and 16 refrigerating cars.— V . 102, p. 2341.
Adjustment Mortgage Bonds ($8,000,000 authorized).— Entitled to Inter­
est. payable semi-annually, at such rate, not exceeding 5 % per annum , as
the surplus or the net Income as defined In the mortgage shall suffice to pay.
T he Interest will be cumulative from Jan. 1 1919, but there will be no right
o f foreclosure until m aturity o f the principal o f the bonds. T h ey are calla­
ble as a whole with Interest as follows: A t 7 0% during first year, at 75%
In 2d year, at 80%. in 3d year, at 8 5% In 4th year, at 9 0% in 5th year and
at par thereafter. Until the full 6 % int. shall have been paid for 2 successive
years and at least for 6 years from date o f the m ortgage, the holders have
the right to cast one vote for each $100 face amount at all meetings o f the
stockholders, but this right m ay, at the option o f the new com p any, be
terminated upon Its agreement to pay the interest thereon absolutely.
T h e T oled o & D etroit R R . (leased) has $460,000 bonds outstanding.
In M a y 1917 was proposing to issue $500,000 5 f i % equipment gold notes
on account o f purchase o f auto box and gonaola cars.— V . 104, p . 2117.
E A R N IN G S .— 4 m os., (1917.................... Gross, $837,977; net, $56,622
Jan. 1 to A pr. 30.
\1916....... .............Gross, 723,400; not, 125,108
R E P O R T .— F or years ending June 30 and D e c. 31 (s e e V . 104, p .2 4 4 5 ):
v
*
/\ A f / i l
7)H
i/i*
•
/
D to
ti n In
ITnvit.,
Rents,
Balance,
Calendar
Gross
N et
Other
Taxes, &C.
Surplus.
Years—
Earnings.
Earnings.
Incom e.
$269,035
$335,840
$552,694
$52,180
1916 .........$2,325,278
258,303
176,014
1915 --------- 1,811,510
399,459
34,858
Osborn
D irectors: James M . Kurn ( l ’ res.), D otrolt; W illiam Church
____
(V .-P .), N . Y .; O tto T . Bannard, Sidney O. B org, Frederick H . E cker,
H arry Forsyth and W illiam J. M a loney. Frederick H . Osborn Is Sec. A
H arry Forsyth and F . II. Osborn. O ffice, B oyer Cam pbell B ld g .. D etroit,
M ich .— (V . 103, p. 60, 1301, 1408; V . 104, p . 2117, 2445.)

Places Where Interest and
Dividends are Payable

526,445

June , 1917.]

RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page. ]
East Maha noy RR— S took.
First mtge gold guar p A 1 b y P A R R R (end) kvo*
East Tennessee Virginia & Georgia— See Southern R y
East Tcnn & W No Car— 1st M g ( V 8 1 p 1723)GuP.zo*
Eastern R y o f M innesota— See Great Northern
E d m o n to n O u n v & Br C o l— 1st M deb s t k g u s e e t e j'
1st M (on extensions) $2,420,000 g $20,000 p m —

El Paso & R ook Isl lslt M $2,500,000g guar_.E q.xo*
Dawson R y A Coal col trust gold guar p A 1-Eq.xo*
El P a so S o u th w e s te r n C o — Funded d e b t--------------El P a so & S W R R — 1st & Rer M g $25,000 p m _ ._ F
El Paso Union Pass Depot— 1st M g $240,000 sf.E q .x
Elgin Joliet & Eastern— 1st M ($10,000,000) g.C ex.o*
E lk in & A lle g lia n y — 1st M gold red 107)3_Ba.x*<
1st & R ef M $3,750,000 gold ............................. C ol
Incom e bonds $750,000_______________________ C ol
Elmira & Lake Ont— Sodus Bay A So— 1st M g-U n .x o
Elmira & W illiam sport— Stook com 5% rental— -N .o
Preferred stook 7% rental 999 years Northern Cent
First m ortgage extended 1 9 1 0 -------------------------- -k v
Incom e bonds 999 frears to r u n .______ — - - - - - z o *
E rie & K a la m a zoo (leased) stock T oledo to Palmyra
Erie & Pittsburgh— Stook 7% rental 999 yrs Penn C o.
Special guaranteed betterm ent stook $2,500,000—
General mtge (now 1st) $4,500,000 gold gu ar.U n .k
Erie Railroad— Comm on stock $153,000,000 auth-----Second pref stock 4% non-oum redeemable at par__
First pref stook 4% non-oum redeemable at par___
A— Old Bonds Assumed— Roads Consolidated
N Y & Erie 1st M Plerm to Dun ext 1897 gold .xo*
Second mortgage (extended In 1879) gold ____ zo*
Third mortgage (extended In 1883) gold _____ zo*
Fourtn m ortgage (extended In 1880) gold ____ zo*
Fifth mortgago (oxtondod in 1888) g o l d ...........xc*
Erie R y 1st M BulT Br Horncllsv to A ttica gold .zo*
First consol mtge $30,000,000 gold S or £_F .zo*

M iles Date
Road Bonds
1906
____

Par
Value

Amount
Outstanding

Rate
%

$1,000
50
50
1,000

$300,000
497,750
2,126,900
495,000

4 g
5
6
4 g

500.000

38
___
36
36

1888

36

1905

1.000

1912
1916
1897
1901
31 1898
128 1901
133 1901
1916
458 1915
4)3 1905
181 1891
1911
___ 1914
1911
34 1884
73 ____
73 • ____
73 1860
___ 1863
22
83
83
83 1890

£1 A c
1.000
1.000
1.000
1,000
1,000
1,000

357
120
165

447
447
447
475
475
60
526

1847
1849
1853
1857
1858
1861
1870

£1,438.356
2,420,000
3.000,000
1,792,000
322,000
2,500,000
3.000,000
2,000,000
1,000
5,055,000
1,000
216,000
1.000 10,000,000
1,000
192,000
400,000
80,000
1,000
500,000
50
500,000
50
500,000
1.000
963.000
500j
570,000
50
300,000
50
2,000,000
50
1.717,500
1,000
3,944,000
100 112.378,900
100 16.000.000
100 47,892,400

1.000
1,000
1.000
1,000
500 Ac
200 Ac
1.000

E A R N IN G S .— For year ond. Juno 30 1916, gross, S I,692,720: n ot'
$634,439. Yoar 1914-15, gross, $1,285,548; not, S314.393.— (V . 102,p . 152.)
D U R H AM & S O U TH C A R O L IN A R R — Durham . N . C .. south 42
miles to Duncan on N orfolk & Southern. Stock, $500,000: par. $100.
B onds, sec tablo. Year 1915-16, gross, $88,051: not, $40,604; int. on bonds,
$15,000: surplus, $25,604. Loans and bills payable Juno 30 1916, $7,500.
Pres., Ernest W illiam s, Lynchburg, V a.— (V . 90. p . 1424.)
D U R H AM & SO U T H E R N R Y .— East Durham to Dunn, N . O ., 57 m.J
Durham to East Durham , 2 m. Stock authorized. $2,000,000; o u t.. $1,­
350,000; par, $100. In 1916, gross, $375,196; net, $199,489; other Income,
$2,722; taxes, $17,686; charges, $15,378: dlvs. (8 % ), $108,000; surp.,
$61,148. D ivs. o f 24% were paid in 1910-11; in 1911-12, 2 4 % : in 1912-13,
1 4 % : in 1913-14, 11% ; 1 9 1 5 ,7 )3 % ; 1916, 7 % . P res., B . N . D uke, N . Y .;
S oc., A . B . Cauthcn. O ffico, Durham , N . C .
DURHAM UNION STATION CO.— Owns passenger station at Durham ,
N. C ., opened May 1 1905 and used b y the Southern R y ., Seaboard Air Line
R y ., Norfolk & Western R y. and Durham A Southern, which each own onefourth of $33,300 stock. Lease provides for rental b y several lines sufficient
to p ay Int. and other charges. Pros., n . W . M iller; Sec., O . D . M a cka y.
EAST BRO AD TOP R R . & COAL CO. (P a .)— Owns from Mount Union,
P a ., to A lvan, P a ., 33 miles; Orbisonla to N eolyton, P a ., 10 miles;
R o ck y Ridge to E vanston, P a ., 4.93 m .; Colos to M idvalloy, 2.56 m .; total,
49.30 m . A coal road opened In 1874. V. 97, p. 1663, 1822. Stock,
$938,825 (par $50), o f which $246,750 Is 6 % non-cum . pref. Second m tge.
4 % Income bonds, $404,400. duo Jan. 1958, glvon In 1908 for back Intorost
from 1885. Yoar D ec. 31 1916, gross, $313,126; net, $132,845; other inc.,
$12,223; in t., $42,276; bal., $102,792. O ffico, 406 Lafayotto B ld g ., Phlla!
— (V . 97, p . 1370.)
EAST CAROLINA R Y .— Owns Tarboro to H ookerton, N . C .. 38 miles.
Incorporated In North Carolina July 1 1898. Leased to Pres. H enry C .
Bridgers for 4 % yearly on stock, payable Deo. 10. Stook auth., $200,000,
outstanding June 30 1916, $55,500; par, $100. Bonds, see table above,
For year onding Juno 30 1916, gross, $70,553; not, $18,715; othor incom e
$6,655; Int., A c ., 325,371; balance, nono. Pros., Treas. & Gen. M g r.,
H enry O .B r ld g e n s ; V .-P ros., John L . Bridgers; S oc., H ayw ood P . F oxhall. O ffice. T arboro.
EAST MAHANOY R R .— Owns from East M ahanoy Junction to St.
Nicholas and branches, 11.35 m .; 2d track, 4.26 m .; total traok 21.00 m.
Re-leased Deo. 1 1890 for 999 years to Little Sohuylklll N av. R R . A Coal C o.
at 5% on stook. and lease assigned to Phlla. A Reading R y . Of the stook
$280,000 was deposited by Reading C o. under Its general m ortgage.
'
EAST PENN SYLVAN IA R R .— Owns Reading. Pa to Allentow n BPa
35.77 miles; mlloa 2d main trac\,3 4 .6 4 ; all track! 98.91 m . L e ^ e d for 999
years from M a y 1 1869 to the I hila. & Reading R R . at a rontal o f 6 % por
ann. oil the stock & int. on bonds & taxes. Loaso assumed in lftQfi hv flio
Phlla. & Read R a ll«a t/C o
Of the stock. $ L 2 ^ 3 M WM owned b y ^ w d !
ng C o. June 30 1915» $1.271,4o0 being deposited under gen. m tge. of 1897
E A S T T E N N E S S E E & 'yE S T G R N NORTH CAR OLIN A R R .— A narrowgauge road from Johnson City, T cn n ., to Cranberry, N . C .. 34 m .; also Joh n ­
son C ity to Valloy Forge, Term., 12 in. third rail. Controlled by Cranberry
Iron A Coal C o. T he same Inton»ts In 1913 purchased Linvllle River R y .,
Cranborry to PIneola, 12 miles, 3 -ft. gauge. V . 96. d . 1156. 1296
Capital stock, $490,800. D ividends, 4 % paid since 1908-09" In' 1909-10
8 % ; 1910-11. 9 % A 10% extra; 1911-12, none; 1912-13, 1 8% : 1913-14
17% ; 1914-15. 1 5 )3 % ; 1915-16, 1 3 )4 % . For yoar ending D ec 31 191(1"
gross, $271,162; not. $129,757; othor fncomo, $7,691; tntorclt & c' $43 07f,"
O i t y . - ^ e , SOI.3 5 * surplus. S32.122. " K S H ! F . P ?W o w e ," Johnson
E ASTE RN K E N T U C K Y R Y .— R iverton to W ebbvllle, K y ., 36 milos.
I^m m s'and^ins^j'a^bhfjm y?30P1916,

I n l 9 ’l^ l6 ^ 'gross°

^ 6 2 2 d e fp r I l M : & ' t
E D M O N TO N D U N V E G A N & B R IT IS H C O L U M B IA R Y .— From
E dm on ton , A lberta, through ilunvegan to tho western boundary o f tho
P rovince at Spirit Itlver, 3o7 miles, was placed in operation In N ov . 1916
together wUh lines from SDlrit R iver to Grand Prairie, 55 m iles, and the
Central Canada lty . (V . 100, p .1 4 36 ), W inagami to l ’eaco R iver, 48)4 miles.
A branch, extending from C arbondale, A lberta, northward to L ac la
B lcho, Alberta, 113.2 miles, was opened for traffic In February 1916^
V . 102, p . 975.
^
4 % debenture stock (at present lim ­
ited to $7,000,000, at $20,000 per m ho, on said 350 m .). Is Issued under a
trust deed dated July 22 1912 to the N ational Trust C o .. L td ., trusteo?and
Is giiaranteed, prln. A Int., b y tho I rovinco o f A lberta. T ho $2,420,000
v8tio
V 4
>j0r Sec V. 95. P- 1273, V . 96,' p.
C0Y?r
milesForm
o f extensions.
V
. 103,
p.^nS
938.
419, 120
1422.
ed In 1912
b y l res. J. D . M cA rthu r o f W innipeg and associates and In 1913 took over
A lberta A Great W aterways p roject (V . 97, p . 886; V . 89, p. 1346).__
(V . 104, p. 559.)
EL PASO & NORTHEASTERN CO.— Owns the El Paso A"Northeastern
R lt . and R y . from El Paso, l e x ., to Corrizosa, N . M ., 144 miles with
branches, 25 m .; controls and operates El Paso A R ock Island R y . Carrizosa to Santa R osa, 128 m .; Alaraagordo A Sacramento M tn . R y !, Alam agord o, N . M ., to Russia, 31 m .; Dawson R y . Dawson to Tucum earl, N .M ,
132 m ., Burro M tn . R R ., Jet. to T yrone, N . M ., 13 m .; total, 470 miles.
N am e changed from Now M exico R y . A Coal C o . In 1905. Operated
aa.®£st<£ n division o f El Paso A Southwestern Company.
See below
D.a.wso? , R y -. * Coal C o"’ 8tock. 3100,000, has Issued $3,000,000
collateral trust bonds, which are fiOmrantced, principal and interest, and are
scoured b y the stock and bonds ($3,000,000 each) of tho Dawson ity . and
‘ boso ot tho Dawson Fuel Co. ($1,000,000 each) the latter owning about
25.000 acres of coal, mineral and timber lands, being sold In 1905 to the
Stag Canon Fuel Co. V . 73. p. 900: V . 74, p. 776; V . 87, p . 1604. 1536
™ ™ ’~ Sr>°ck.V * 12 "9°0.OOO• Owned b y El Paso A Southwestern C o.
B O N D S.— The New M exico R y . & Coal Co. coll, trust 5s of 1897 are
scoured by the stook and bonds of El Paso & N. E . R y . o f New Mex ($2 700.000 of eaoh), the stock of the El Paso A N. E . R R . o f Texas. $300,000




51

RAILWAY STOCKS AND BONDS

2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,400
16.891.000

62

When
Payable

g
g
g
g
g

5 K
5
7
4
5
T ext
7
7
3 )3 g

Places Where Interest and
Dividends are Payable

J
A J July 1 1936
Safe Dep A Tr Co, Balt
J A D 15 D ec 15 1916 2)3 Reading T erm , Phlla, Pa
J
A J July 18 1917 3%
do
do
M A S Mch 119 5 8
do
do
M

A

N N ov I 1935

4
F A A16
4 )3 g semi-an
A A 0
5 g
A A 0
5 g
A A 0
5 g
5 g
J A j
J A j
5 g
5
5
5
6
6

Last Dividend
and Maturity

A
J
M
J
M

& 0
A ,r
A N
A J
& N

Feb
O ct
O ct
O ct
A pr
Jan
July

Guar T r & S D Co, Phlla

16 1942
22 1944
1 1947
1 1951
1 1928
1 1951
1 1951

Apr 1 1965
Farm L & T r C o , N Y
Jan 1 1918-1935 E quitable Trust C o , N Y
May 1 1941
71 B roadw ay, New York
July 1 1941
M a y 1 1944

,T A J July 1 1924
M A N See text
J A ,T See text
J A J Jan 1 1950
A A O O ct 1 2862
F & A See text
Q — M June 9 ’ 17 1H
Q— M June 9 ’ 17 1 X
J
A J July 1 1940
April 1907
April 1907

4 g
if
M
5 g
4 )3 g M
A
5 g
J
4 g
J
4 g
7 e
M

A
A
&
A
A
A
A

L loyds B ank, L t d ., Lond
N a t’l Park B ank, N Y
Equitable Trust Co, N Y
do
do
do
do
do
do
do
do

N May
S Sept
H Mch
O Oct
D June
.1 July
S Sept

1
1
1
1
1
1
1

2%
2%

1947
1919
1923
1920
1928
1931
1920

Treas P a R R .P hila& N Y
B road St Station, Phlla
do
do
do
do
do
do
Lincoln N at B ank, N Y
Union Trust Co, N Y
do
do
do
do
do

do

do
do
do
do
do
do
do

do
do
do
do
do
do
do

(no bonds Issued), and all the stock ($100,000) and all the bonds ($1,500,­
000) of the New M exico Fuel C o., the latter covering 3,500 acres of coa l
lands. V . 74. p. 776. T he other Issues are guaranteed.
N ew York office. 99 John St.— (V . 87, p . 1605.)
EL P A SO S O U T H W E S T E R N C O .— A holding com p a n y, con trolling
tho El Paso A N . E . C o. (which see above) and El Paso S .W .ltR . (see below)
and other properties. C apital stock $25,000,000 (largely owned b y Phelps,
D od ge & C o. m ining Interests). In 1915-16 created a funded d ebt o f S2,000,000, part, It is understood, o f a collateral trust Issue. P res., James
Douglas; Sec. & T reas., George N otm an.
E A R N IN G S .— 4 m os., f 1917.............. Gross, $4,902,579; not, $2,321,890
Jan. 1 to A p r. 30.
(1916......... --G r o s s , 3,639,126; not, 1,495,275
R E P O R T .— Report o f entire system (1,028 miles) fo r years ending
D e c. 31 1916 and Juno 30 1916, V. 103, p. 1682, 1705.
1916(CaL) 1915-16.
1916(CaL). 1915-16.

Deduct— ■

$

$

Oper. rov s__.1 2 .6 i4 ,0 0 4 10,671,627 R entals, &c__ 4,543,350 3,497,681
N et,after ta x . 5,610.926 4,262,499 Interest, &c__
______
134,511
Other incom e- 2,514,516 1,937,441 Dividends (6 % ) 1,500,000 (5) 1250.000
T otal
8,125,442 6,199,940
B al., surp__ " 2,082,092 1,317,749
EL P A SO & S O U T H W E S T E R N R R .— Owns from El Paso, T e x ., to
T ucson, A riz., 457 miles. Forms the western division o f the El Paso A
Southwestern system (see El Paso A Northeastern C o. a bov e), its $14,000,­
000 stock being held in the treasury o f the El Paso & Southwestern
Company, which see. V . 101, p. 287; V . 100, p . 549; V . 101, p . 2144, 2151.
A new First A R e f. M tg e . has been m ade securing bonds w ith interest
payable J. A J .— (V . 103, p . 1682, 1706; V . 101, p. 287.)
EL PASO UNION PASSENGER DEPOT.— Own* dep ot at El Paso, T ex.*
which was com pleted about N ov. 1 1905. Leased by El Paso Northeastern*
El Paso Southwestern. Galveston Harrisburg & San A ntonio (So. Pao. Sys.)>
A tch. T o p . A Santa Fe, Texas A Pao. and M ex. Cent, railroads on a wheelage basis providing for maintenance and all charges. Stock authorized*
$240,000; outstanding, $88,800; owned equally b y six roads nam ed. 0*
bonds (see table abov e), $12,000 mature Jan. 1 yearly, beginning 1916.
V . 78, p . 104; V . 81. p. 1043. Pres., G . S. W ald; S ec., W . R . M a rtin ;
T reas., U . S. Stewart.— (V . 82, p . 1496.)
ELGIN JOLIET & EASTERN R Y .— Owns from W aukegan, 111., on Lake
Michigan, via Spaulding and Joliet, to Porter, In d ., 129.95 miles, and
branches N orm antown to Aurora, 9.63 m .— W alker to South W ilm ington,
111.— 32.72 miles; Hamm ond to W hiting, In d ., A c., 6.92 miles; Griffith to
Cavanaugh, Indiana, 7.02 miles; R ockdale Junction to R ockdale, 6.54
miles; Cavanaugh to Shearson, Indiana, 2.18 miles: total main line
owned, 194.96 miles; spurs to coal mines, A o., 37.29 miles; track*
a ;e, 244.23 miles; 2d track, 41.65 m .; side and yard tracks owned, 179.58 m .;
total, 697.71 miles. Also leases Chic. L . S. A E ast., 18.73 in., with 307.88
m . branches and spurs and 14.87 m . 2d track, and 144.81 m . vard tracks
and sidings, for 60 years from June 1 1909, and, w ith tho U. S. Steel C o rp ..
guar, its $9,000,000 4 )4 % bonds, p . A i. V . 89, p . 1410. C ontrolled Dy
U . S. Steel C orporation.
S T O C K .— $10,000,000, as Increased from $6,000,000 In June 1909: par.
$100. Dividend, 4 % yearly (In Deo.) in 1899 to 1915.
E A R N IN G S .— 4 m os., /1917.............Gross, $4,831,572; net, $918,870
Jan. 1 to A pr. 30.
11916------------Gross, 4,635,778; not, 1.722,927
June 30
Gross
N et, after
Other
Interest,
Divs.
Balance.
Year— Earnings.
Taxes.
Incom e. Rents, A c .
(4 % )
Surplus.
1915-16-.$13,353,457 $5,274,426 $184,644 $4,122,676 $400,000 $936,394
191 4 -1 5.- 8.541.355 2.808.051 131,600 1,817,891 400.000 721.760
P res., A . F . Banks.— V . 103. p . 1301, 1883.
E LK IN & A L L E G H A N Y R Y .— C onstructed b y tho State o f N orth C aro­
lina from E lkin, N . C ., to Veneer, 15 m iles. C . B . Penney and M . W .
Thom son were m ade receivers In D ec. 1915. Stock authorized. S3.000.00fL:
outstanding, $436,400; par, $100.— (V . 102. p . 66.)
ELM IRA & L A K E ONTARIO R R .— Owns from Canandaigua, N . Y ., to
Chemung Jot., 64 m .; Sodus Point to Stanley. 34 m .; other. 2— total, 100 m .
Leased to tho Northern Central, which owns all tho $1,500,000 stock.
Penn. R R . assumed loaso In 1914. Lease m ay be term inated on 30 d a y s ’
notice. R ental, net earnings.
Cal. Year—
Gross.
N et.
In t., A c.
D eficit.
1916
................S I,355,492
oper. inc.$30,771
$211,186
$180,416
1915 .................... 1,097.023
o p . d ef. 101,984
173,724
275,70
E LM IRA & W IL L IA M S P O R T R R .— Owns from W illiam sport. P a ., to
Elmira. N . Y ., 73.49 miles. Leased to the Northern Central R y . for 999
years from M a y 1 1863. Loaso was assumed in 1914 b y Ponn. R R . C o .
T ho divs. on tho com . stock are 5 % and on the prof. 7 % , loss taxes, making
d lv. on com . 4 .5 2 % , and on prof. 6 .3 2 % . T ho $963,000 1st 6s duo Jan. 1
1910 were oxtondod to Jan. 1 1950 at 4 % . V . 89, p. 1667. C al. year 1916
gross, $1,851,259; not, $61,986; rontal. $130,020.— (V . 97. p . 666.)
E RIE & K A L A M A ZO O R R .— Vulcan near T oled o to P alm yra, 22 miles.
Leased in perpetuity in 1849 to Lake Shore (now N . Y . Central R R .) at
$30,000 per annum. Dividends 1913 to 1915, 9 H % per annum
E RIE & PITTSBURGH R R .— Owns New Castle, P a ., to Girard, P a .;
79.56 miles; branch to Erie docks, 3.41 m .; trackage to Erie, 16.74 m .; total
operated, 99.71 miles. Leased to Penn. R R . for 999 years in 1870 at 7%
on stock and Interest on bonds and lease transferred to Penn. C o. Under
agreement of N ov. 1 1905 the Penn. R R . will provide sinking fund Install­
ments required by the gen. m tge., the E . A P. to deliver Its 3 H % debentures
at par for such advances and at m aturity of the gen. m tge. bonds to ex­
change new m tge. bonds therefor. Debentures Deo. 31 1916, $519,050.
S T O C K .— The special betterm ent stock ($2,500,000 auth.) Is subordinate
to tho old stock, but guaranteed 7% dividends. Dividends on old stock are
iu b je ct to a 4-mlll tax on assessed value, on special betterm ent, tax-free.
E A R N IN G S .— Loss to the lessees in 1912, $46,222: 1913. p rofit, $38,332:
1914. loss, $111,322; 1915, loss, S55.754; 1916, p ro fit, $102,430.— (V . 84.
p . 749.)




June , 1917.)

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[For abbreviations. & c ., see notes on first page ]

M ile s
Road

D ate
B onds

Par
Value

A m ount
Outstanding

Rate
%

W h en
Payable

53
Last D ividen d
and M a tu r ity

Eric RR (Concluded )—
526 1878 $500 &c $3,699,500
N Y L E 4 West First Consol mortgage gold___ zo
7 g M & S Sept 1 1920
Buff & 3 W 1st M gold ext 1908 red 105 gold.-xo
67 1877
50 &o 1,500,000
5 g J & JJuly 1 1918
12 1868
Newburg 4 N Y 1st M gold extended In 1889. _ vo
1.000
250,000
5 g J & JJan 1 1929
Ch & Erie 1st M g (Marlon O to Ham'd Ind).Ce.zo*
250 1890
1,000 12,000,000
5 g M & N May 1 1982
39 1905
Erlo & Jersey 1st M g s f red text______ G.c*&r*
1.000 7,378,000
6 g .1 & J July 1 1955
32 1907 1.000 &c 5,982,000
Genesee River 1st M gold s fd red text___ G.c*&r*
6 g J & ,TJuly 1 1957
Chicago & Atlantic Terminal first mtgc gold.Cez
. . . 1888
1.000
300,000
a g J & JJuly 1 1918
B—Erie Railroad Company Bonds *■
67 1895
Second mtge on Buff & S W gold ext 1908__ Q.xo
1.000 1,000,000
5 g J & JJuly 1 1918
First Consol Mtge of 1895, securing—
___ 1895
(1) Prior lien bonds $35,000,000 gold___ F.xc*&r
1.000 35,000,000
4 g J & ,TJan 1 1996
__
(2) General Hen $140,000,000 gold_____ F.xo*&r
1895
1.000 35,885,000
4 g J & JJan 1 1996
__ 1901 1,000 &o 34,000,000
Penn coll trust M $36,000,000 g s f (text) Ba.xo&r
4 g F & AFeb 1 1951
__ 1903. 1,000 &c 10,000,000
General Mortgage (Series A____________ G.xc*&r
4 g A & OApr 1 1953
__ 1903 1,000 &c 11,015,000
convertible,
j Series B__________________ x
4 g A & OApr 1 1953
— 1903
850,000,000 . . . |Series D...................................
100 &c 19,627,100
4
g A & OApr 1 1953
__ 1916
Refunding & Impt Mtgo $500,000,000 g (seo text)..
See text
Collateral gold notes $15,000,000 g call 101_-Ba.c
1 ,0 0 0 15,000,000
5 g A & O Apr 1 1919
— 1917
Equipment trust certfs seo tablo In text--------------Avon Geneseo & Mt Morris and Rochester & Genesee Valle y Stoc ks—See t hose Compa nles.
C—Bonds on Properties Controlled by Ownership of En tire (•) or a MaJ orlty (6) of Capital S took, or by (c) Lease
Bergen Co 1st M Ruth Jet to Rldgew ext 1911 — x
10 1881
1,000
200,000
A & OApr 1 1921
5
- - '68-’69
cGoshcn & Deck’t’n 1st & 2d Ms ($60,000 are 2d).z
246,500
Various 1928-1929
6
— ’66-’07 _______
oMont & Erie 1st & 2d Ms ($40,500 are 2d)------ z
170,500
Various 1926-1927
5
8 ’67-’69 500 &c
Jefferson 1st & 2d Ms ext In '87 & ’89(H’daleBr)_xc
300,000 4 4$ & 6 J & ,TJuly 1 1927-29
1st M Carbon to S depot g ext ’09 red 105.-FP.xo*
3 7 1889
1,000 2,800,000
5 g A & OApr 11919
__ 1885
Long Dock Co cons M g (now 1st M) (see text).xo*
1,000 7.500,000
6 e A & OOct 1 1935
52 1896
(N Y 4 Greenw L prior lien M $1,500,000 gold-.Nx
100 &c 1,471,900
M & N May 1 1946
5 g
6New Jersey & New York 1st M ext In 1910__ xo*
3 4 1880
500 &c
394,000
5
M & N May 1 1950
__ 1892
General mtge $1,200,000 (red 105 after 5 yrs) g .x
500 &o
631,000
5
J & J Dec 31 1932
N Y L E * W C RR 1st M "lawful money” .Mp.zo*
. . . 1882
1,000 1,100.000
6 cur M & N May 1 1922
__ 1883
NYLE&WD&ICo cxgT3red toxt(V96,p 1776) F.xc*
1,000 3,396.000
5 g ,r & JJuly 1 1943
N Y Pa & Ohio prior lien mtge gold $ or £ __ F.zo*
422 1880
500 &o 8.000.000
4$ g M & S Mch 11935
Do Leased lines—see separate statements for Cl evelan d & M ahonlng Valley RR and4Sbar
on Ry
N Y Susquehanna & Western—Northern New Jers oy— T toga R R—See e ach compan y
Blossburg Coal Co 1st M guar p & 1ext in 1916___
. . . ___ ___ ___
400,000
,T & J July 1 1922
Evansville & Indianapolis—Rccoiv certifs call 101.
134 1917
500 &c
675,000
6
.1
& JJan 1 1920
First mortgage gold guaranteed---------------- F.xc*
54 1884
1,000
647,000
6 g J & JJuly 1 1924
Cons M ($2.500.000) g gu p&l(end) E&TII__F.xc*
134 1886
1.000 1.853,000
6 g J & JJan 1 1926
Evansville & Terre Hnute~8ee Chicago & East III! nois
ERIE RAILROAD.— (See M a p on preceding p a g e .)—Embraces trunk line
from Jersoy City to Chicago, 111., and branches, 2,257 miles; second track,
1,236 miles; third and fourth tracks, 37 miles; total, all main tracks. 3,530.
L in es Owned in F e e —
M iles.
Leased L in e s —
M ile s.
Plermont, N. Y., to Dunkirk.. 447 Avon Gen. & Mt. Morris......... *15
Buffalo to Jamestown, N. Y__
66 Montgomery & Erie......... ....... *10
Buffalo to Corning, N. Y_____ 140 Northern RR. of New Jersey.. *26
Hornoll to Buffalo___________ 92 Goshen & Deckertown_______ *12
Other branches_____________ 206 Rochester & Genessee Valley.. *18
Stock all (a) or nearly all (b) ow ned. Other lines________________
83
aChfcago & Erie RR_________ *250 Leased to N y p a n o H i t .—
aJeflerson RR______________ * 4 5 Clove. & Mahoning Valley RR. *81
N. Y. & Greenwood Lake RY__ *53 Sharon Railway...............
*31
Erie & Wyoming Valley RR__
64 Other lines____ ______
15
aNypano Railroad...............
422 Trackage __________________
75
bTioga Railroad....................
58
Other lines....................
48 Lines In system Dec. 31 1916.-2,257
• See this company.
N. Y. Susquehanna & Western. *221
bNew Jersey & New York RR. *38
The Erie & Jersey RR. completed in Jan. 1909 a low-grade cut-off from
Highland Mills via Campbell Hall to Graham, N. Y., 38.6 miles, and tho
Geneseo River RR. in 1910 from Hunts to Cuba, N. Y., 32.6 miles. V. 84.
p. 1366, 1488; V. 81, p. 777; V. 99, p. 816. (Seo below.) In 1916 acquired
half-interest with Penn. Company in the stock and bonds (except a few
2d mtgo.) of Lorain Ashland & So. RR., Lorain to Custaloga, O., 67 milos
HISTORY.—On Deo. 1 1895 succeeded, per plan In V. 61, p 368 the
N. Y. Lako Erie & Western RR. Co., sold In foreclosure under Its second conolldatcd mtge. The company holds In fee or through ownership of all or
practically all the stock of the subsidiary companies the line from New
York to Chicago (Including the Nypano RR. and Chic. & Erie companies).
COAL PROPERTY.—Tho allied coal properties at last advices aggre­
gated 12,400 acres of anthracito, of which about 9,000 acres-; and 53 000
acres of bituminous coal lands were hold by allied companies 14 0 00 acres
of bituminous held under mineral rights. Its coal and coke tnnmcrn in
tho year 1916 aggregated 19,082,331 (40.46%) out of 44,359,341 tons hauled
P en n , coal properties acquired in 1901 aro additional.
V. 82, p. 1322.
STOCK.—Prior and General Lien bonds of 1895 have 10 votes Tor"each
$1 ,0 0 0 of principal, their authorized Issues aggregating $175 0 0 0 0 0 0 of
which $90,104 060 issued to April 30 1917. Provisions' of p r c S d stock
were in Supplement of April 189/, page 3. V. 6 6 , p. 335, 5 7 3 .
.DIVIDENDS (cash)
.
. %
.)\! **01.
'
________„
’02. *03.
’04. ’05. ’06. 1907. ’08toJuno’17
4
On first preferred____ f 1 >4 3 3 44 4
Apr., 2
0
On second preferred__ J . . _ _
2
Apr., 2
0
BONDS.—First Consol, mtge. or 1895 for $175 000 000 (Farmers
Loan & Trust Co., trustee)—see abstract, or dee/l. V. 62 d 89 secured tlfo
*35.000,000 Prior Lion (V. 103, p. 1032) and $140,000,000 GenerafLien
bonds. Both series have voting power; seo "Stock1’ above
0nU ^10n
Of the $140,000,000 Consol . (,en. Lien 4s, $92,668,000 were reserved for
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list, V. 62, p. 89). and $17 000000were
reserved for new construction, betterments, addltions&o’ afterl897—
not over $1,000,000 to bo used in any one year. On May 1 1917 855 10 4

The collateral trust 4s of 1901 are secured by 51%'of the entire N Y
Susq. & Western stock ($26,000,000 total Issue). all of the Pennsylvania
Coal Co. stock, and the stock of the Eric & Wyoming Valley RR Scranton
Pa., to Lackawaxen. 65 miles, and Delaware Valley & K t o n RR
Sinking fund of l()c. per ton of coal mined from mines of Penn. Coal Co.
V. 71. P- 1219, 1311, V. 72, p. 44, and circular, n Din 'll?
v 70 ,,
fuml'a pr ^31) 19V7'U' ' t'*° S'i'1,000,000 ’ outstanding" were in sinking
UTho Gem M. Convertible 4s of 1903 ($50,000,000 auth.) are issued
from time to time as ^ulred and may bo made convertible into com. stock
at a price to be fixed when tho bonds aro Issued, but not less than $4144 ner
share; they will cover all the company s property subject to underlying lions.
Series A was convertible to Apr. 1 19lo. Series B bonds for $12,000,000
aro convertible into common stock at $60 per share at any ttmo since Oct. 1
1907 and beforo Oct. 1 1917.
/ b, p. 382, 541; V. 78, n 768- V 79
p. 2205; V. 84. p. 270.
'
’
In 1916 819,627.130 Gen. M. 4% bonds Series D (V. 102, p. 66. 345)
wero underwritten and offered (at 85) to shareholders and holders of
Series B. These bonds are convertible at option of holder into the common
stock at 50 ($200 par value of stock for $100 par value of bonds), after
April 1 1918 to Oct. 1 1927. Seo * Finances” below.
In March 1917 §8 .3 7 2 ,0 0 0 Gen. Mtge. convertible 4s wero pledged as
part collateral for $15,000,000 new notes.
1’ho shareholders on Gee. 11916 authorized a Refunding and Improve­
ment mtgo., limited to $5 0 0 ,0 0 0 ,0 0 0 , maturing at a date to bo fixed, but not
later then Dec. 1 2000, to provido for refunding existing funded debt and for
necessary capital expenditures over a long period of years, but early in
1917 genoral financial conditions made it inadvisable to soli any of theso
bonds and tho note Issue below mentioned was floated (V. 104. p. 1498)
V’ lOT p.1412, 2078; V. 104, P-451.
1
'
In Fob. 1915sold $7,400,000 Erie* Jersey (closed) 1st M. and$6,000,000
Gonesee River 1st M. bonds. Both Issues aro subject to call as a whole or
l’?rt 1° J!lly„ 1 1920 at HO. and thereafter at 115. Cumulative annual
sinking fund o f each issue. Both roads have been merged In the Erie RR.
C o.
V. 100. p. 474,481,397. 555. 641,981, 1437; V. 104, p. 863.
1ho $ 15,000,000 coll, notes dated Apr. 1 1917 aro secured (at par value) by
collateral which had a present market value of over $18,000,000, or 20% in

notes due April 1 1917 and for Improvements.




V. 104. p. 1044.

Places W h ere In terest and
D ividen d s are Payable

J P Morgan & Co, N Y
do
do
do
do
do
do
50 Church St, New York
do
do
do
do
50 Church St, New York
50 Church St, New York
do
do
do
do
do
do
do
do
do
do
50 Church St. New York
50 Church St, New York
50 Church St. New York
Fidelity Trust Co. Phila
50 Church St, New York
J P Morgan & Co, N Y
do
do
50 Church St, New York
do
do
do
do
do
do
J P Morgan & Co, N Y
Mech &Met Nat Bk, N Y
July 1914 coup not paid
do
do

N. Y. Lake Erie & Western Docks & Impt. Co. 1st 6 s were extended
30 years from July 1 1913 at 5%; they are redeemable at 102 H on or before
July 1 1918 and at 105 thereafter. V. 96, p. 1422, 1772; V. 97. p. 54, 370.
L o n g D ock 6 s,see March 1894 "Supplement,” under N. T. L. E. & W.
As to extension of bonds of Northern RR. of N. J. see that cos. statement.
Car Trust S eries, Gold ( D en om in ation $1,000 ea ch ).
S ee V . 8 8 , p. 882.
D a te.
In terest.
Outstanding.
M a tu re in In stallm ents.
*‘L” __ z____ 1907 5 J&J
$107,000
July 1917
$107,000 s.-a.
“ M” ..x ____ 1907 5 J&J
29.000
July 1917
29.000 s.-a.
“ N” __x____ 1907 5 A&O
152.000 To Oct 1917
152,000 s.-a.
“ 0 ” __x____ 1907 5 A&O
50.000 To Oct 1917
50,000 s.-a.
"Q” --X ____ 1911 44$ F&A 2.070.000 To Aug 1921
230,000 s.-a.
R” _.x ____ 1912 44$ F&A 1.188.000 To Aug 1922
108,000 a.-a.
“ 8 ” __ x------ 1912 4H J&D 1.100.000 To Dec 1922
100,000 s.-a.
“ T” __x____ 1913 5 J&D15 792.000 To June 15 1923
66.000 s.-a.
*‘U” _.z-----1913 5 J&J 1,528.000 ToJanl ’23 S117Mor$118Ms.-a.
“ V” __x____ 1913 5 J&D15 600.000
------------To June 15 1923
---10 0 .0 0 0 yrly.
“ AA” _x____ 1913 5 M&S
728.000 To Sept 1 1923
56.000 s.-a.
“ BB” ........... 1914 4J$ F&A 675.000 To Aug 1 1924
45.000 s.-a.
“ CO” --------- 1916 44$ J&D 3.636.000 To Dec 1925
213.000 s.-a.
” DD” _____ 1916 44$ J&D 1,124,500 To June 1926
62,500 s.-a.
“ EE” --------- 1917 44$ A&O 3.680.000 (V. 104, p. 663)
Wells,F.&Co___ 5 Var’us
69.000 1917-1918
semi-ann.
Interest paid: "J” and “ L” in New York; Series “ K” at Nat. Bank of
Commerce, N. Y.; Series “M ” at Girard Trust Co., Phila.; Series ” N" at
First Nat. Bank, N.Y.; Series "O" at Central Trust Co.. N.Y.; Series"Q’
at Fidelity Tr. Co., Phila.; “ T” Columbia Tr. Co., N. Y.; "U" and "V"
in N. Y.; "AA1', “ BB” and ” CC” at Com’I Tr. Co., Phila. For security
of equip, trusts of 1916, see V. 102, p. 608, 2077. 2166.
FINANCES.—Circular of Sept. 25 1916 as to proposed Refunding &
Impt. bond Issue was fully cited in V. 103, p. 1412. Compare V.104.p.1498.
The proceeds of the $19,627,100 General Mortgage convertible 4s
sold In 1916 (see above) were used In part as follows: (a) $10,000,000
in retirement of the 5% notes which matured April 1 1916; (b) about
$2 ,0 0 0 ,0 0 0 to complete the double tracking and grade reduction on 3 5 miles
of the Chicago & Erie Division between Lomax and Griffith, Ind., and to
increase the terminal facilities in Ohio. (V. 102, p. 6 6 . 1896.)
From 1901 to 1916 tho company expended about $120,000,000 on addi­
tions and betterments, including double-tracking, improvement of grades
and alignment, additional sidings, equipment, &c. Interest charges on the
$19,627,130 convertible bonds approximated 1Ji % per annum, “ less than
that paid on notes refunded.” This interest began April 11 1916. V.
102, p. 6 6 . 1896.
EARNINGS.—4 mos.,JT917-----Gross, $23,067,113: net, $1,460,104
Jan. 1 to April 30. 11916---- Gross, 23,124.828; net, 5,063,665
REPORT.- -For year
.
ending Dec. 31,1916. V. 104,p. 1482, 1496.
(1) Operating R esults ------- Yea r end . D e c . 31----- 6 M o s . to 12 M o s . end.
Miles oper. 2257.
1916.
1915.
D e c . 31 '14. J un e 30 ’14.
Total oper. revenues...$74,311,262 $66,436,720 $31,216,708 S60,983,575
Oper. exp., taxes, &c___ 55,682,662 45,670,748 24,386,652 48,224,007
Operating income___ $18,628,600 $20,765,972 $6,830,056 $12 759,568
1916.
1915.
1916.
1915.
In c . A c c ts .—
S
$
Int. on fund.
$
$
Oper. income.18,628,600 20,765,972 debt......... 10.361,414
,977,578
Div. income.. 2,042,421
645,335 Other int., &c. 238,573
909,825
Other income. 1,711,809 1,S18,8S0 Amort, dt. dis.
86,204
Sink., &c.,fds. 881,920
836,068
Gross inc..22.382,830 23,230,187 Inv. in phys.
Hire of equip. 2,411,743
872,910
property__
513,833 1,383,754
Rent for leased
roads_____ 2,245,031 2,295,149 To(. deduc. 17,750,918 17.213,968
Oth.rents &c. 1.012.200
938,654 Bal., surplus. 4,631,912 6 ,016,219
OFFICERS.—Pres., F. D. Underwood: V.-P. and Gen. Solicitor, G. F.
Brownell; V.-P., G. N. Orcutt; V.-P. and Sec., D’avid Bosman: V.-P.
Delos W. Cooke: V.-P., Albert J. Stone; Treas., D. W. Bigonoy; Comp.,
C. P. Crawford, 50 Church St., N. Y.
DIRECTORS.—Gates W. McGarrah, A. M. Anderson, Albert H. Wlggln, Ogden Mills, F. D. Underwood. Francis Lynde Stetson. Geo. F. Baker,
Myron T. Herrick, B. A. Eckhart, L. F. Loree, E. J. Berwind, Mitchell D.
Follansbee. Robert W. Pomeroy, Grenville Kane, George F. Brownell, Goo.
G. Mason.—(V. 104, p. 952, 1044, 1482, 1489, 1701, 189S, 2553.)
EVANSVILLE & INDIANAPOLIS RR.—Owns Evansville to Terre
Haute via Worthington, 146 miles. Was controlled by Chicago & Eastern
Illinois RR. by ownership of entire $2,000,000 capital stock, but in May
1916 passod under management of Wm. P. Kappos as separate receiver.
Foreclosure suits pending under both mortgages. V. 102, p. 608, 2077;
V, 99, i>. 119. In Feb. 1917 $675,000 (total issue) of receiver’s certificates
was sold with prior lien on road for general rehabilitation. See offering
and status in Feb. 1917 in V. 104, p. 863.
Com m ittee for B on d s. —Frodk. n. Shlrman (Chairman), Edwin Gibbs.
Sec., Farmers' Loan & Trust Co., N. Y., depositary. Large majority
deposited. V. 99. p. 119, 341; V. 100. p. 473; V. 104. p. 863.
FERNWOOI) & CillLF RR.—Owns Fcrnwood to Kokomo, Miss., 32 m.
Stock outstanding Juno 30 1916, $100,000. Bonds, seo tablo above. For
yoar ending Juno 30 1916, gross, $179,944; net. $56,651. In 1914-15.
gross, $158,149; net, $36,613. Pres., F. B. Enochs: V.-P., N. E. Ball;
Soc., J. L. Bentz; Chief Accountant, L. E. Smart. Office, Fernwood, Miss.
F I T C H B U R G R R . —System extends from Boston, Mass., to Troy and
Rotterdam, N. Y., 251 miles: branches to Worcester, Bellows Falls, &o..
207 m.; 458 m. In all, of which 59 m. (Fitchburg to Greenfield) leased from
Vermont & Mass, and 5 m. other cos.; second track 199 m. V. 84. p. 1366
LEASE.—Leased for 99 years from July 1 1900 to Boston & Maine for 5%
on pref. and 1 % on com. stock, organization expenses, Int. on bonds, taxes,

54

R A IL R O A D C O M P A N IE S
[F or abbreviations. & c ., see notes on fir st page]

Fern wood & Qulf RR—First mortgage S500.000
Fitchburg—Preferred 5% rental------------------Bonds to State ot Mass 4% since Feb 1897----------zr
Bonds not mortgage---------------------------_---ZC&r
Bonds not mortgage (52,750,000 are 4s of 97)-zcAr
Bonds not mtge ($1,775,000 are 3 44s of ’01).-zo&r
Bonds not mortgage $2.000,000--------------- zo*Ar
Bonds not mortgage $3,660,000 currency........zcAr

M ile s
R oa d

Date
B on d s

32 1911
1887
1890
'97-98
’00-01
1907
1905
1908
1912
1913
1914
"35 1874

Bonds 83,300,000 authorized---------------------------Troy & Boston first mortgage (V 53, P 405)— zc&
Notes duo June 1 1917 extended a year------------Notes subj to call due Fob 15 T7 ext twice in 1 year
1916
Notes (to pay bonds) call 10044-----------------------. . . 1903
Vermont A Alassachusetts plain bonds guar— zcAi
Flint & Pere Marquette—See Pere Marquette stt
“
_ 59 1909
Florida Ry—First mortgage $4.000,000--------Florida Central & Peninsular—See Seaboard All
617 1909
Florida East Coast—1st M $12,000,000 g-Ba.xxc’ Ar*
1909
General Income M 5% non-cum $25,000,000-----x
1914
Equipment trust certs ser A, duo $50,000 yearly..
Florida West Shore—See Seaboard Air Line.
Fonda Johnstown & Gloversvilie—Common stock—
Pref stock 6% cum call at 105 $1,000,000 auth..
26 1881
26 1897
26 1900
General refund mtge $800,000 (V 71, p 34)..N.xc
4 1893
14 1892
75 1902
Fort Dodge Des M & So—Preferred stock.
121 1913
1904
__ 1891
Fort Street Union Depot1915
Gold notes_________
98
Fort Wayne & Jackson—

Par
V a lu e

Am ount
Outstanding

$1,000
$400,000
100 18.860,000
1.000 5,000.000
1,000 Ao
500,000
1,000 Ao 4,200,000
1,000 Ao 2,275,000
1,000 Ao 2,000.000
1,000 Ao 3,660,000
1,000 Ao 2,400.000
1,000 AO 1,200.000
400,000
1.000 Ac
1,000 Ac 1.872,000
N
573,000
1.000 Ac
750,000
1,359.000
1,000 Ac
500,000
1,000 Ao
772,000
100 See text
1.000 Ac 12,000,000
25.000.000
1,000
250,000
100 2,500,000
100
500,000
100 Ac
200,000
1,000
500,000
1,000
800,000
1,000
50,000
1,000
350,000
1.000 5,150.000
(?)
1,300,000
$100 Ac 5.650,000
1,000 6,240,000
t,000 1,000,000
1,000 See text
100 2,291,416

expenses of maintenance, &o. Boston A Maine holds $5,551,400 of the
I7.000.00C common stock, the remainder being In the treasury. V. 70.
p. 76, 125 176, 5a3 1291: V. 71. o. 29. 543: V. 72. p. 532.
In Aug. 1916 the B. A M. was placed in receivers’ hands, but in Jan. 1917
Fitchburg interest and dividends wero being paid as usual. V. 104, p. 256.
BONDS, Ac.—Debentures, see V. 60, p. 967: V. 84, p. 158. 270. As to
$1,350,000 bonds of 1912, see V. 93, p. 730, 1461, 1725, 1786: V. 94. P- 68.
$450,000 issue of 1912. see V. 96. p. 359. V. 97, p. 802. 950; V. 98, p. 839,
1156, 1392. Stockholders on Sept. 27 1916 authorized $3,300,000 bonds
to refund $500,000 bonds duo July 1 1916 and fund tho floating debt and
provide for improvements. V. 103, p. 1118: V. 101, p. 1092; V. 100, p.
733, 811. On Dec. I 1914 gave Boston A Malno $750,000 notes
to reimburse it for advances: these have been extended to Juno 1918. Tho
$1,359,000 6% notes duo March 1 1916 woro replaced by 5% notes due
Feb. 15 1918, and tho $500,000 4% bonds July 1 1916 by ono-yoar 5% notes
duo Juno 30 1917. V. 103. p. 60. 1210. Treas.. Georgo O. Foster.—(V.
102, p. 712. 885. 2341: V. 103, p. 60. 1118. 1210: V. 104, p. 256, 2117.)
FL ORIDA RY.—Perry to Live Oak. Fla.' 52 miles, with branches, 7 m.
V. 93, p. 1786. On June 25 1915 William B. Winslow of New York was
appointed receiver. V. 100. p. 2166: V. 101, p. 47. In Nov. 1916 was sold
for State taxes totaling $19,000 and was bid in by Georgo L. Drew of Jack­
sonville for $35,000. V. 103. p. 2078. Stock authorized, $4,000,000: par,
$100. Bonds ($4,000,000 auth. issue) are subject to call at 106 on any int.
dav after July 1 1914; they will bo issued at $20,000 per mile. V. 89,
1596: V. 90, p. 1362. Tho coupons due Jan. 1913 were not paid. Seo V.
96, p. 1629. For year ending Juno 30 1914 (5S miles), gross, $52,068: not,
$7,297: int. and taxes, $7,039: bal., sur., $258. Pres, and Treas., Frank
Drew, Live Oak, Fla.—(V. 100, p. 2166: V. 101. p. 47; V.103. p. 2078.
FLORIDA EAST COAST RY.—Owns from Jacksonville, Fla., via St.
Augustino to Key West, 522 m.; branches, 234 in.; trackage, 6 m.; total,
762 m. Forms connection to Southern and Eastorn Florida and thenco to
Cuba for tho Atlantic Cast Line, Southern Ry. and Seaboard Air Lino.
The 1744 miles Now Smyrna to Maytown. not included above, was opened
In Dec. 1916. V. 103, p. 2340. V. 91, p. 1629. Car ferry servico from
Key West to Havana, 96 miles, was begun on Jan. 1 1915. V. 97, p. 1115,
1281, 1583: V. 99, p. 406; V. 100, p. 140: V. 102. p. 1346.
STOCK.—$12,500,000. all sold at par. V. 96, p. 1840.
BONDS, Ac.—The 1st M. 444s ($12,000,000 auth.) aro a first lion on 617
miles. V. 88. p. 1620: V. 94, p. 1185: V. 98, p. 1993.
_
___
Int. on Incomes, 344%. paid Nov. 1 1910: Nov. 1911, 4%: Nov. 1912,
1913 and 1914, 244%; 1915, 4%: Nov. 1916. 5%. V. 103, p. 1032.
EARNINGS.—4 mos.,fl917............ Gross, $3,328,033; net, $1,670,455
Jan. 1 to April 30. (1916______ Gross, 3,391,535: net, 1,802,288REPORT.—Fiscal year now ends Dec. 31. For year ending Juno 30
1916, in V. 103, p. 1684, showing:
„ ,
G ross
N et
W a ter
In terest on
In terest,
B a l.,
Y ea r — E a rn in g s. E a rn in g s.
L in e .
In c o m e B d s. T a x e s ,A c . S u r.
c?
oj
<j£
1915-16.-6.374,933 2,648,265Cr.560,63l (5%)1,250,000 1,076.008 882,889
1914-15.-5,392,782 2,054,946 C r .40,000 (4%) 1,000,000 881,027 213,319
1913-14.-5,397,646 1,681,432 .............. (244) 025,000 940,218 116.214
Pres., W. II. Beardsley; Treas., L. C. Haines.—(V. 103, p. 1684, 2340.)
FONDA JOHNSTOWN & GLOVERSVILLE RR.—Owna Fonda to
Northville (steam), 25.47 m.; Gloversvilie to Schenectady (electric), 32.26
m.; Gloversvilie to Fonda (electric). 8.70 m.; Belt line In Amsterdam
(electric), 3.67 m.; Belt line in Gloversvilie (electric), 3.84 m.; Hagaman
line (electric), 2.29 m.; second track (electric), 22.97 m. Operates undor
lease branch lino Broadalbln Jet. to Broadalbln, 6.15 m. (steam): also local
lino Gloversvilie to Johnstown (electric), 4.08 in.; yardings and sidings,
13.30 m.; trackage, 1.99 m.; total, 88.45 miles of road (125.10 miles of
track), of which 103.91 on private right of way and 21.19 miles on streets
and highways. Tho Llttlo Falls A Johnstown RIt„ owned by allied inter­
ests, Is building an electric road from Little Falls to Johnstown, 28 miles,
with branch from St. Johnsville to Canajoharie, 8 miles. V.95.P. Ill, 1123.
Owns ontire $105,000 common stock of Coal Co. of Fulton Co. and stock
of Edison Electric Light A Power Co. of Amsterdam. In Oct. 1916 tho
latter company had been authorized to issuo now stock or bonds to reim­
burse the railroad for somo $300,000 of advancos. Tho road may sell tho
new securities to pay off its own loans. V. 103, p. 838. V. 71, p. 1167:
V. 78, p. 29. Also 66 2-3% interest in stock and bonds of Adirondack
Lakes Traction Co., 4 miles.
DIVIDENDS.—On com., 2%, July 20 1910: July 10 1911, 2%: Aug.
1912 and 1913, 2%; 1914 to Feb. 1917, none. V. 99, p. 537.
BONDS.—Consol. 444s, $7,000,000 auth.; $1,850,000 Is reserved to re­
tire prior liens. V. 76, p. 265. Guarantees $30,000 Gloversvilie A Broadalbln 5s and $50,000 Johnstown Glov. A K. 5s and $50,000 8% stock.
Loans and bills payablo outstanding Dec. 31 1916, $225,000.
REPORT.—For new fiscal year end. Dec. 31 1916, in V. 104, p. 863:
Y ea rs — G ross. N e t a ft.T a x . Otli. I n c . I n t ., A c .
P ref. D io.
S urp lus.
. 1916___ $999,967 $427,351 $35,097 $395,999
(6%)S30,000 $36,448
1915___ 886,370 384,822
34,463 381,615 (6%) 30,000
7,670
—(V. 103, p. 758, 838; V. 101, p. 863.)
FORT DODGE DES MOINES & SOUTHERN RR.—Owns from Des
Moines, la., to Fort Dodge, Boone, Ames and Rockwell City, 12844 m. An
extension is being constructed to Lehigh and Webster City, adding 25 miles
to track operated. Incorporated in Maine in 1913, succeeding tho Iowa
corporation of the same name, which was foreclosed Oct. 13 1913. V. 97,
p. 1357, 1426, 15S3. Capital stock, pref., $1,300,000: common. $2,500,000.
DIVIDENDS.—On pref. stock in 1916, 7% (144% Q--F.); 1917, Fob.,
and May, 1 'A % ■ Common stock, 1 1 4 % Aug. and again Nov. 1 1916, and
Feb. 1917; May 1917, 144%. V. 103, p. 1792.
.
Bonds (open mortgage), present Issuo, $5,500,000, was offered by N. W.
Halsey A Co., in 1915. Seo V. 101, p. 1272, 1972. Duo serially on Dec. 1,
$50,000 yearly, 1916 to 1937, both inciuslvo. and $4,400,000 In 1938, but




[Vol. 104.

RAILWAY STOCKS AND BONDS
Rate
%

W h en
P a ya b le

La st D ividen d
and M a tu r ity

Places W h ere Interest and
D ividen d s are P a ya b l

InterstateT&BkCo, N O
M A N May 1 1936
Q—J July 1 '17 144% Office, Boston A Me, Boat
Office FltshburgRR, Bolt
M A N Feb 1 1937
do
do
J A D June 1 1920
do
do 43 3
Various 1927-1928
do
do * I
A A O Oct 1 1920-21
do
do 1.3
A A O Apr 1 1927
do
do
M A N May 1 1925
do
do
M A N May 1 1928
do
do
J A J Jan 1 1932
do
do
J A J Jan 1 1933
do
do
J & J Jan 1 1934
do
do
J A J July 1 1924
do
do
J A D Juno l 1918
do
do
F A A 15 Feb 15 1918
do
do
J A D 30 June 30 1917
do
do
M A N May 1 1923
Nov 1908 coup last paid
J A J July 1 1959
Bankers Tr Co, 14 Wall St
444 g J A D June 1 1959
New York
5% Pd Nov 1 ’ 16 July 1 1959
M & N May 1 1918-’22 N Y, U S Mtg A Tr Oo
5
Aug 15 ’ 13 2% Checks mailed
do
do
□—M Junnl5’ 17 1 44%
6
Imp A Trad Nat Bk, N Y
A A O Apr 1 1921
6
New York Trust Co, N Y
4 44 g J A J July 1 1947
do
do
4 g J A J July 1 1950
FulCo N Bk.Glov'llo.NY
J A J July l 1933
5
Farmers’ L & Tr Co. N Y
A A o Oct 1 1922
6
New York Trust Co. N Y
4V4 g M A N Nov 1 1952
May 1917, 1J4
Q-J
5 g J & D Dec 1 1917-38 New York
4 g A A O Apr 1 1954 ’ Oct 1907 coup last paid
Cen tral T ru s t Co, N Y
444 g .1 A J Ian l 1941
Merc Nat Bk, Boston
J A J July 1 1918
6
544 M A S Mar 3 1917 244 Farmers’ I. & Tr Co, N Y
6
5
4
4
4
344
4
4
444
4 44
444
5
7
6
6
5
344
5

redeemable all or part on any Interest date at 105 and Int. Additional
bonds issuablo only for 80% of cost of additions, &c., when annual not earn­
ings are 144 times Interest charges, including the bonds proposed. __
Earnings for year ending Juno 30 1916, gross, $1,337,569; not, $634,789
othor income, $72,070; int. on bonds, $282,185: dlv., $67,250; taxes. $23,­
022; bal., sur.. $334,401. Year ending June 30 1914, gross, $1,026,879:
1912-13, $762,059.
„
•
„ ,
,,
Directors: C. Sidney Shepard, Wallace B. Donhain, Parley Sheldon,
Ilomer Loring, Samuel II. Rowell. Pres., Homor Lorlng; Treas., 1^. M.
Johnston; Gen. Mgr., C. II. Crooks, Boono, la.—(V. 103, p. 1792.)
F O R T S M IT H & WESTERN R R . — Operates Fort Smith, Ark., to Guth­
rie, O. T., 216 miles, of which Coal Creek, I. T., to Guthrie. 196 m, 1*
owned and Ft. Smith to Coal Creek, 20 m.. Is Kansas City Southern track­
age. In Oct. 1915 contracted for uso of M. K. A T. tracks, Fallls to Okla­
homa City, 30 niilos. V. 101, p. 1553. Coal properties aro developed
at McCurtaln, Okla., 40 m. west of Fort Smith, producing an average of
30,000 tons per month. Owns 51% of the capital stock of the St. Louis El
Reno A West. Ry.. Guthrie to El Reno, O. T., 42 m., oper Independently.
On Oct. 9 1915 Gen. Mgr. Arthur L. Mills was made recolvor. V. 101.
p. 1272. Bonds deposited till July 1 1917, with a committee consisting of
W. L. Brown, A. W. Mellon, Colgate Hoyt, W. H. Oonnlfr. W. O. Mather.
J. J. Sullivan, Geo. S. Russell, James J. Hoyt, S. II. Tolies. O. O. Bolton
and A. C. Dustin (Superior Savings A Trust Co. of Cleveland, tho mtge.
trustee, depositary), with power to soli or exchange the same. See. V. 91,
p. 1446: V. 92, p. 527. In Oct. 1916 was ordered sold undor foreclosure,
but up to May 31 1917 no dato had been set for sale. V. 103, p. 1592.
Stock, $5,000,000, all outstanding; par $100. Fortlio4sot' 1904 ($7,500,­
000 auth.), Superior Sav. & Trust Co., trustoo. Car trusts outstanding
Dec. 31 1916,851,511. Bills payable outstanding Dec. 31 1916, $370,000.
EARNINGS.—6 mos.,fl916.............. .Gross, $564,069; not, $126,122
July 1 to Dec. 31. (1915________ Gross, 352,703; not, 60,393
For 4 months, Jan. 1 toi 1917-------------Gross, $337,825; not, $17,422
April 30.
11916________ Gross, 249,314; net, 23,023
For year ending Doc. 31 1916, gross, $927,145; not, $192,953; othor Inc.,
812,680; int., taxes. See., $390,870; bal., dof., $185,237. Pros., A. O.
Dustin, Cleveland, O.—(V. 103, p. 1592.)
F O R T S T R E E T UN ION DEPOT.—Owns passenger station with ap­
proaches, 1.4 m., connecting with Dotroit Union Rlt. Depot A Station Co.
property, leasod for 990 years from Dec. 10 1889 to Wabash, Poro Mar.
quette and Canadian Pacific for rental equal to 5% of total cost of property
and current expenses. Incorp. in Mich. Aug. 24 1889. Stock, $1,000,000,
of which Pere Marq. owns $515,800; par, $100. On July 1915 Issued
$329,000 6% notes exchangeable for like amount of 5% bonds duo July 1
1918. As bonds aro exchanged thoy aro deposited as collateral to the notes.
Pres., Frank H. Alfred, Dotroit.—(V. 100, p. 1832.)
FORT W A Y N E & JACKSON R R . — Owns Jackson. Mich., to Fort Wayne
Ind.. 98 miles. On A u g . 24 1882 leased perpetually to Lake Shore A Mlohlan Southern (now New York Central at a rental of $126,027. equal to
H% on the prof, stock (see V. 56, p. 812), and after 1887 any net oarnlngi
over 8% on pref. stock to bo paid on com., but not exceeding 2% a year.
Common stock. $436,132.
.
F O R T W O R T H & D E N V E R C I T Y R Y . — Ft. Worth, Tex., to Tcxllnej
454 miles. Owns securities of Ft. W. & Den. Term. Ry.
STOCK, Ac.—Colorado A South. Ry. Juno 30 1915 owned all but 513.984
of tho $9,375,000 capital stock, tho lattor including $6,835,008 common
and $2,539,992 stamped stock. V. 63, p. 1063, 75.
__
Payments under stamped stock agreement of Oot. 12 1895: 2% In 98:
1899, 2%; 1902, 4%; Fob. 1903, 1904, 1906 to 1913, 4% each; June 30
1913.3%.and Dec. 31,1% and 2% extra to bring payments within cal.yoar
1914, Juno 30, 3%; Dec. 31, 1% and 2% extra; 1915, 6%; 1916, 6%.
BONDS.—Abstract of mortgage, V. 45, p. 440. Ccrtfs. of Indebtedness
owned by Colo. Sou. June 30 1915. $299,917. Equipment trust, V. 821
p. 1101: V. 84, p. 508.
The Fort Worth A Denver Terminal Ry authorized an Issue of $2,500,000
30-year 6% bonds dated Deo. 1 1907 (Bankers Trust Co., N. Y., trustee),
subject to call at 105. of which $728,000 have been Issued, $300,000 sold and
$428,000 held by Ft. W. A D. C. Ry. V. 86, p. 52. 1100, 1589: V. 87. p. 949.
EARNINGS.—6 mos.,/1916......... Gross, $3,345,229; not, $1,338,840
July 1 to Dec. 31. 11915......... Gross, 3,115.334; not. 1.116.625

f

GAINESVILLE MIDLAND RY.—Owns Gainesville, Ga., to Athens. 42
miles, standard gauge, and Belmont to Monroe, 32 miles, gauge now
standard. V. 79, p. 151,269, 500. 627. Stock, all out, $550,000.
Of the 1st 5s of 1905 ($1,000,000 auth.), $661,000 has been sold and $14,­
000 is reserved to retire old 6s; $26,000 treasury bonds and $192,000 issued
to cover broadening gauge of 32 miles aro pledged to secure an issue of
$100,000 3-yoar 6% coupon notes of 1913. Thoso notes also have as addi­
tional security the following, pledged by individual owners: $630,000 1st M.
bonds (1905 issuo). $514,000 out of $550,000 cap. stock. Of these notes.
3325,000 are Series A, having a prior lion on the collateral and $75,000 Sories
B, $250,000 of Series A havo been issued and Installments paid thereon to
the extent of $213,285; Series B is all out. V. 97, p. 950; V. 81, p. 1848.
Tho Chatham Bk. & Tr. Co. is mtge. trustee. V. 81, p. 1375, 1550.
Year ending Juno 30 1916, gross, $195,939; not, $60,293; int., taxes, Ac..
$73,312; balance, dor., $13,019. In 1914-15, gross, $168,215. Pros., Goo.
J. Baldwin; Sec., Gordon C. Carson, 120 B’way, N. Y.—(V. 97, p. 950.)
GALVESTON HARRISBURG A SAN ANTONIO RY .— [See M a p Southern
P a cific .)—Owns Galveston, via Houston, Tex., to cast bank of Rio Grande
River, 825 miles; Beevllle to Rosenburg, 147 miles; San Antonio to Port
Lavaca, 136 miles; Magors to West Shoro, Galvoston Bay, 46 miles; Warton

June , 1917.]

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[F o r abbreviations, & c., see notes on first page]

M ile s
R oad

454
74
__
256
671
—
50
__

D a te
B on ds

Par
V a lu e

1M 1
A m ount
O u ts ta n d in g

Rate
%

When
Payable

55
La st Dividend Places Where Interest and
and M aturity
Dividends are Payable

1881
$1,000 $3,176,000
6 g J A D Deo 1 1921
Office, 32 Nassau St, N-Y
1915
1,000
952.00C
4X M & N May 1 1925
Fidelity Trust Co, Phlla
1905
1,000 See text
M & N Nov 1 1935
Savannah.
Ga
1913
Notes $400,000 auth extendod to Oct 1 1919100 Ac
325,000
ig
Q — J Oct 1 1919
Chatham
Bank & Tr Co
’71-’80
1,000 5.728.000
Various Aug 1 1935
6g
Owned by Sou Pao Co
1881
1,000 13,418,000
M A N May 1 1931
So Pao Co 165 B’way.N Y
do
do
2d M “stamped” guar p &
1881
2.639.000
& J July 1 1931
Galveston-Victoria Dlv 1st M $10,000,000 auth-..
1910
1,000 9.022.000
6
A
June 1 1940
do
do
1913
(lalveston lions & llcnd of 1882—1st M, g.Col yo*Ar*
1,000 2.122,000
52
A
Apr 1 1933
Columbia Trust Co, N Y
1908
Galveston Terminal—1st M $5,000,OOOgu (text)-Ba.:
l.ooo 1,106,000
6
A
Mch 1 1938
Bankers Trust Co, N Y
1882
1,000
Galveston Wharf Co—1st (r c) ,U gold s t . . r , -----zo
489,000
A
July
1
1932
6*
Nat City Bk, N Y, or Gal
First scries (wharf A railroad) gold 5s sink fund.zo
1890
1,000 1,363,000
A
Apr 1 1940
§e
do
do
Second series (wharf & railroad) gold 5s s f__ zc
1901
1,000
907,000
A
Aug 11926
do
do
K
g
16 1899
Genesee & Wyoming RR—1st M gold *500,000— Col
1,000
500.000
52
A
Apr 11929
Columbia
Trust
Co,
NY
Qeneva Corning & Southern—SeoN Y Central Bit
Georgia & Alabama—Georgia Carolina & Northern— See Se aboard Air Line Ry.
85 1906
Georgia Coast & Piedmont—First M g $1,000,000-Gx
1,000
32.000
M A S Mch 1 1948
Interest In default
Income debentures_______________________ --x
1912
70,000
July 1 1936
Int only pay when earn
--- 1912
Gen. mtge 53,500.000 auth gold red 105......... Colx
100 Ac 1,705,000
5g A A O Apr 11962
Oct
1914 coup in default
__ ___
Georgia & Fla—Common stock 515,000 per mile----100 5,250,000
__
Pref stock non-cum partlo, $10,000 per mile.........
100 3,500,000
Mlllen A South 1st M....... ..............................Colx
53 1905
1,000
212,000
5 g A A O Apr 1 1955
Hanover Nat Bk, N Y
__ 1917
Keceivers’ certificates $500,000________________
500,000
284 1907 500 Ac 5,600.000 _ 5 S
Georgia A Florida mtge $12,000,000 gold.. BBaxo*
Nov 1 1956
See text
__ 1912 500 Ac 2,000,000 See text
Gen M g (cum Inc for 10 yrs) red par------ FBa.xo*
Feb 1 1932
__ 1910
Georgia A Florida Term M $200,000 guaranteed...x
1,000
200,000
6
July 1 1930
Georgia Florida & Alabama—First mtge gold —Ba.o* Text 1904
1,000 2,113,000
5g
J July 1 1954
Bankers’ Trust Co, N Y
Georgia Midland Ry— First M gold $1,650,000lntgu.x
98 1896
1,000 1.650.000
3g
Apr 11946
J P Morgan A Co, N Y
Georgia Pacific—See Southern Ry
Georgia Railroad & Banking Co—Stock----------------307
100 4,200.000 12 In ’16 Q—J July 1519173% Augusta, Ga
Bonds refunding not mortgage currency--------- zo*
--- 1897
1,000 1.000,000
5
J A J Jan 1 1922
Am Ex Nat Bk, or Aug
__ ’82-’87
Bonds not mortgage ($200,000 are 6 s)------------ z
1,000
500.000 5 A 6 J A J Jan 1 1922
do
do
Bonds not mortgage ourrenoy (V 87. p 226. 285).zo
__ 1907
1,000 1.000.000
4
J A J Jan 1 1947
Am Exoh Nat Bk. N Y
Qeorgia Southern & Florida—Common stook--------__
100 2,000,000
First prof stock 5% A partlc non-cum red____ . . .
__ ___
100
684,000 5 In 1916
May 7 ’ 17 2 k M T A D Co, Balt: A N Y
__
Socond pref 5% & partlc non-cum $1,084,000 ___
100 1,084,000 5 In 1916
do
do
May 7 ’ 17 2 k
First mortgage gold $4,000,000________ MeBa.xo*
285 1895
1,000 4,000.000
J
July
1 1945
do
do
5
g
'
First consol mortgage $10,000,000 gold__ N.xo*&r
392 1902
1,000 2.000,000
4g
"July 1 1952
do
do
Equipment trust Ser Odue $25,000 seml-ann__ Rqx
__ 1910
1,000
150,000
4
k
g
Sept
’
17
to
1920
Equitable
Trust
Co,
NY
do
do Ser D due $22 or $21 M s-a...Bax
__ 1912
1.000
232.000
4k
g
Bankers
Trust
Co,
N Y
A!
Aug
1917
to!922
Equipment trust Ser E duo 822M or $23M s-a g e*
__ 1915
i .ooo
383 .non
414 g M ANlffNov ’ 17 to ’25 Rlchm’d,Va,OId Dom Tr
to Palacios, 68 mllos; branches, 119 m., owns jointly 2 m.; trackage. 1 m.‘
For year ending Juno 30 1916, gross, $523,627; net, $114,308; other
total, 1,345 m. Southern Pacific Co. owns 327,055.900 of the $27,084,372 Income,
$3,639; Int., taxes, Ac., $152,977; bal., def., $35,030. Pres.,
stock (par $100). V. 79, p. 2642; V. 81. p. 211. 668, 1242: V. 83. p. 1528. Cora
B. Williams; Sec.-Treas., L. G. Papy, Balnbridgo, Ga.—(V. 88.
BONDS.—The Galveston-VIctorla Dlv. 1st M. 6s ($10,000,000 auth p. 1437: V. 100, p. 1672.)
Issue) cover the properties acquired In 1905 and tho new line from Stockdalo
GEORGIA & FLORIDA RY.—Owns from Madison, Fla., to Keysville,
to Ouero, Tex., 47 miles; $9,022,000 of the bonds have been Issued, and are Ga.,
223.6 m.; Augusta Southern Ry. (controlled), Augusta to Fennille,
held by ilte So. Pac. V. 92, p. 1636: V. 94. p. 130: V. 96, p. 1772.
Ga.,
m.; trackage, 3.7 m.; branches, 96.5 m.; total, 349.8 miles.
Iho Western Divs. 2ds (then $6,354,000 outstanding) were under an Owns82k
stock of Georgia & Florida Term. Co. of Augusta and Valdosta and
agreement made In 1893 treated as Incomes, but under a later agree­ guarantees
its 1st 6s. A consolidation In Aug. 1907. V. 82, p. 1211; V.
ment made in Dec. 1914 with tho holders of the bonds, part were
345: \Harry
t 8 7 ’ pG
0’ 936- 1533:
V‘ 88*P- 681
«n It.
March
27 1915
J. M.
retired and the remaining $2,539,000 “stamped” with a guaranty by w/iP;
Wilkinson,
R.48,Warfield
of Baltimore
and• W.
Sullivan
of N.
Y.
Southern Pacific Co. of paymont of principal and interest as roduced from were
receivers. In 1916 Langbourne M. Williams succeeded
6% to 5% from Jan. 1 1915. V. 100, p. 397. Equip, bonds, $1,558,000 6s, J. M. appointed
Wilkinson,
deceased.
V.
100,
p.
1168.
owned by Southern Pacific. V. 76. p. 1300; V. 77. p. 2160. The Sou. Pac.
March 1917 $500,000 receivers’ certificates were authorized, and with
Co. owns $444,000 out of a total of $2,539,000 Mox. A Pac. ext. 2d M. 5s thoInproceeds
of $250,000 purchased $296,000 of tho $400,000 common
and $4,728,000 G. H. & S. A. East Dlv. 1st 6s (ext.), due Aug. 1 1935.
stock and $296,000 of the $350,000 preferred stock of tho Augusta Southern
LATEST EARNINGS.— 11917____ Gross, $6,301,701; not, $2,054,078 RR. V. 104, p. 1045, 1145. The new issue is a first lien on all tho prop­
4 mos., Jan. 1 to April 30-11916____ Gross, 4,138,929; not,
621,400 erty of the Georgia & Florida Ry. (subject only to $212,000 of Millen &
For tho 6 months.,
(1916____ Gross, $8,962,769; not, $3,441,021 Southwestern 1st 5s), and on tho securities of tho Augusta Southern pur­
July 1 to Dec. 31.
11915____ Gross, 6,545,249; not, 1,804,109 chased from Southern Railway Co. V. 104, p. 1145.
Protective Committee for 1st M. 5s of 1907; Franklin Q. Brown. 33 Pine
J 'n eS Q Y r. C ross.
N e t.
Oth. I n c .
Interest.
M is c e l.
D eficit
1915-16.$12,831.389 $2,912,587 $810,905 $1,776,330 $2,359,906 $412,844 St., N. Y., and others. Depositaries, Baltimore Tr. Co., Central Tr. Co.
of N. Y. and Richmond (Va.) Tr. & S Bk. V. 102. p. 712.
1914-15- 11,212,141 1.453,907 884,700 (V. 10.3. p. 1210.)
. B O N D S . —Of bonds of 1907, $5,600,000 are in hands of public and
OALVESTON HOUSTON & HENDERSON RR. OF 1882.—Owns from $630,000
in treasury. V. 85, p. 221, 530; V. 95, p. 1472. Holders of 1st
Galveston. Tex., to Houston, Tex., 50 miles. See V. 61, p. 1013.)
M. bonds were asked to fund their coupons for 3 years from Nov. 1913 to
ORGANIZATION.—TheM. K. A T. and International A Great Northern May 1916; about 82% had agreed. V. 98. p. 155. V. 97, p. 1024, 1504.
have hatl trackage rights since Deo. 1895 under a contract providing for pav- V. 104, p. 2452.
ment toCentralTrustCo..asmtge. trustee, of $100,000 yearly to meet inter­
Gon. mtge. bonds, see V. 94, p. 630, 826, 911, 1118; V. 104, p. 2452.
est on G. II. & II. bonds and an additional rental of $21 000 ner ann for
EARNINGS.—4 mos., (1917........-Gross, S272.387; not,
$20 557
dividends or other purposes—see V. 61, p. 1064; V. 63 d 697 Dlvs M-w
Ae,ril 3°.
\1916------ Gross, 249,722; net. loss, $12,918
1904 to 1906, 4% yearly; since to July 1 1913, none. M K & T owns
REPORT.—For year ending Dec. 31 1916, gross, $559,072; net, $106,­
4,999 shares of stock. Of the 1st gold 5s ($5,000,000 auth Issue) $“> 0 00 - 787;
other income, $11,558; int. on bonds, $105,677; taxes, rentals. Ac..
000 were Issued to retire old bonds duo April 1 1913. Of ^remainder $56,316;
bal., def., $43,647.—(V. 102, p. 712; V. 104, p. 1045, 1145, 2452.)
$1,000,000 Is reserved for not over 90% of cost of new eAuhiment and $2 000,000 at not over $1,000,000 yearly for cost of improvements RedeemGEORGIA MIDLAND RY.—Owns road from Columbus to McDonough.
ablo at 105 on any Interest day. V. 98, p. 839: V. 102 n " 987 Ued0em Ga., 98 miles. Leased from July 1 1896 for 99 years to the Southern Rail­
Stock. $1,000,000: par $100. For tho year ending June .30 1916 way Co. for $49,500 annual rental (being Interest on the first mtge. bonds.
gross, $334,375; not. $14,497. In 1914-15. gross. $344,944 against $319 - &o.) and $2,500 for Columbus terminal property. Stock Is $1,000,000
145 In 1913-14; net, $89,708, against $65,477; taxes $28 578 against owned by Southern Railway Co.—(V. 63. p. 361: V. 82, p. 751.)
’
$33,159 and $35,920.—(V. 102, p. 1811, 1987.)
’
against
GEORGIA RR. & BANKING CO.—Georgia R. R. Augusta, to Atlanta.
171 m.; branches to Washington and Athens. 58 m.; Macon A Augusta
GALVESTON TERMINAL RY,—Owns extensive terminals at Galveston RR.
(proprietary road), Camak, Ga., to Macon, Ga., 74 m.; trackage, 4 m.;
Tex., used by Trinity A Brazos Valley Ry., Colorado Southern and Ohio’
R. I. A Paclllo, which own practically all the stock. V 87 n 950 Owns total, 307 m. Owns 50% stock of Western Ry. of Ala. (the Central of Ga.
a large freight depot and warehouse and about 14 blocks along Galveston Ry. owning tho other half).
L e a se . —In 1881 road leased for 99 years to W. M. Wadley et al for the
water-front. In Juno 1917 operated 3.49 miles of ma n llne and?20 33 miles
of sidings. Stock, $25,000. Of tho first 6s $5 000 000 authorized Cent, of Ga. and the Loulsv. A Nashv., at $600,000 Der year, but In April
1899
the Loulsv. A Nashv. was held to have acquired all rights under the
Issue) $1,051,000 guar jointly by-the■Oh. R. £ & ^.TndcSl. ASou v !
lease; Atlantic Coast Co. 1899 acquired half Interest. V. 68. d. 722 Owns
majority ($594,900) stock “ Ga. RR. Bank.”
DIVIDENDS.—
\’83-’87. ’88. ’89 to Jan.’ l l Since to July 15 1917.
Regular since 1881 % J10 yrly. 10 k 11 yearly.
12% yearly.
Extra (from bank earnings, V. 103, p. 2340)....................... Jan. 1917, 1%,
Railroad earnings for year ending Dec. 31 1910, gross, $3,433,069: rail­
GALVESTON W H AR F CO.— Owns wharf properties extending from 10th way opor. income, $1,027,809; non-oper. income (rontals, Ac.), $200,035:
to 41st Sts., Galveston, Tex., and 12.8 miles main line switching tracks In total, $1,227,844; deductions, $926,063; bal., $301,781.— (V. 103, p. 2§40.)
o lty , with yard tracks and sidings. Incorporated In Texas Feb 2 4 1 8 5 4
Stock outstanding Juno 30 1912. $2,626,600; par $100
Dividends' In „ GEORGIA SOUTHERN & FLORIDA RY.—(See M a p o f Southern R y .) —
Owns from Macon, Ga.. to Palatka, Fla., 285 miles; on Nov. 1 1902 pur­
191:1; I g t ! f f i '. l & 't * 1906 to 1908> 5%
1009. 4™%“
to
chased Atl. V. A W. Ry., Valdosta. Ga., to Jacksonville, Fla., 107 miles:
The first 6s of 1882 cover only the real estate, the 5s of 1890 and mm traokage Into Jacksonville, 11 m.; total. 402 m. V. 60, p. 928: V. 79, p. 551.
owns one-eighth of stock of Jacksonville Term. Co. (V. 77, p. 626) and
(V. 73, p. 959: V. 95. p. 483). both the wharf and rlllroad property All Also
three tntges. have sinking funds sufficient to redeem the bonds by maturity! 1-3 of stock of Macon Terminal Co.
Owns
the stock of the Hawkinsville A Florida Southern Ry., Worth to
EARNINGS.—For year ending Pec. 31 1916 cross 81 900 sin- nor Hawklnsvillo,
Ga., 43 miles, and Ashburn to Camilla, Ga., 50 miles, $606 $573,456; other Income, $9,900; int., rentals. Ac! f L ! 254-dlv (4k"/) ’ 000,
1st M. 5% bonds being guar., p. A 1. V. 79, p. 2585; V. 97. p. 175. 365.
$11,630: bal. surp., 8343,471. Pres., John Sea y- Sec Tro^s & Gen
DIVID.
on!
11892.1898. 1899. 1900-05. 1906. 1907 to May 1917
Mgr., J. J. bavis. Office, Galveston, Tex.—(V7 99, p. 8l t ) '
lstA2ndpref.(%) i 2
3
3
4 yearly 4 k
5 yearly
OENESEE & WYOMING R R .— Retsof, N. Y., to Pittsburgh A Lehigh
—Flrst mt&°- of 1895 (Abstract. V. 61, p. 429) provides that the
Jot., 11 miles: Retsof Jet to Grlcgville. 4 m.; branch. 2 m - total 16 miles $684,000 first
p ref. stock shall be a lien on the assets covered by that mtge.
Stock, $500,000; par, $100. Dividends sinco 1909: Aug. 19io 1 ‘4 % - socond only to the bonds and coupons.
Nov., 1 4 % : 1911. 5%. paid lk % Q.-J.; 1912 and 1913, 5% (Q.-F.): 1914’
First Consol. 4s of 1902 are for the authorized amount of $10,000,000
Feb.and May. I k %: Aug. 1914 to Aug. 1916. Ik % auar°:Nov. 19162%. of The
which $4,684,000 are issuable to retire the $4,000,000 5s and $684,000 1st
1917, Fob. and May, 2% each. Year ended Dec. 31 1916, gross, $2.86 929• pref. stock and $3,316,000 are reserved for future needs. V. 75, p. 980.
not, after taxes, $174,207; charges, $93,570; dlvs. (8%), $40,000:°bal.
LATEST EARNINGS.— (1916........Gross, $1,437,249; net, $374,459
sur., $42,360. Pres., AT. B. Fuller, Scranton Pa.; Sec. & Treas., VV. H. 6 mos.,
July 1 to Dec. 31.11915------ Gross, 1,212.849: net, 264,266
Barnard, 2 Rector St., N. Y.—(V. 76, p. 1248.)
For 4 months—
(1917----------------- Gross, S930,104: net, $151,134
Jan. 1 to April 30. \1916-----------------Gross, 843.385; net, 157,334
G E O R G , A COAST & PIEDMONT RR.— Extonds from Brunswick to
Collins, Ga., 98.4 miles. V. 98. P-839. V. 101, p.448. In Juno 1917 no
REPORT.—Report for 1915-16, In V. 103, p. 1789, showed:
Interest had boon paid to dato on the Gen. M. of 1912, tho amount unpaid
Gross
O p er.
Other
In terest,
P r e f.
Balance,
aggregating $425,000; against a portion of this sum debentures had boon J unY eea30
rs—
E a rn s.
In c o m e .
In c o m e .
& c.
D ie s .
S u r .or D e f .
issued, but interest on these, too, was in default. Receivers appointed in 1915-16-------$2,415,408$471,055 $103,696 $354,964 $88,400 sur.131,386
BrunsilckrGaL’ Cohen, N. Y., and Frank D. Aiken and C. II. Leavy, 1914-15---. 2,215.773 253.405 108,158 357.304 44.200 def. 39,941
Pres., Fairfax Harrison, Washington, D. C.—(V. 103, p. 1687, 1789.)
Bondholders’ committee: Henry L. Cohen (Chairman), P. J. Goodhart
QEOROIA SOUTHWESTERN & OULF RR. (Albany & Northern
and Howell II. Barnes, with Graham Adams, Sec., 30 Broad St., N. Y. Ry.).—Projected
to extend from Albany, Ga.. southwest to St. Andrews,
Doposltaiy, Columbia Trust Co., N. Y. City. V. 104, p. 2452.
on the Gulf of Mexico. In Feb. 1910 acqulrod tho Albany A Northern
As to 5s of 1912 ($3,500,000 auth. issuo), sco V. M , p. 1448. 1763. Fla.,
Ry.,
extending
from
Albany northeast to Cordele, 35 miles, with capital
™eia^9eo d»n”i Ju?° 30 1910, gross. 8126.269; net, $24,914; lilt., taxes. Ac..
$350,000, and bonds, $400,000. V. 90, p. 109. 502. Uses Albany
$91,332; bal., def., $06,41S. Pres., F. J. Lisman.—(V. 104, p. 2152. stock.
Passenger Terminal Co. station (opened Oct. 4 1913). owning ono-firth
G E O R G I A F L O R I D A & ALA B A MA R Y —Owns Richland, ^a., to of the stock. O. S. W. A G. stock auth., $4,000,000. issuable at $20,000
Tallahassoo, Fkj., 131.22 miles. Including 26 miles oponod Sept. 1909: Talla- p. m.; outstanding June 30 1916, $40,500. Tho $4,000,000 mtge. is se­
liassoo to Carrabelle, on the Gulf of Mexico, 49.68 miles; branch, Havana, cured by pledge of $350,000 cap. stock of Albany A Nor. Ry., Ac.; bonds
Fla., to Quincy, 11.23 miles; total, 192.13 miles. Also operates steamer issuable at $20,000 p. m. For year end. June 30 1916. gross, $105,629; net.
line from Garabello to Appalachlcola. Fla.. 32 miles. Stock, $450,000; $24,562. In 1914-15. gross, $95,387; not, after taxes, $23,864; other In­
par, $100. In June 1909 President Williams, It was reported, purchased come, $101; int. on bonds, $27,775: taxes, rentals and hiro of equip.. $8,56:
. .in P ^ y ?tock and practically all of the outstanding bonds. V. 88. bal., def., $7,929. Pres., W. M. Logg, Albany, Ga.; Sec.-Treas., II. J.
p.1437. Bonds see table above. In 1906auth. pref. stock, none Issued 1913, Bruton, Albany, Ga.—(V. 90, p. 502.)




Lake Melville

JA M E S

a

B A Y

Attawapiakas

Ashuanipi
M ain

Pletipi L .

River

Rupert
L . Mistassinis
jlissakami.L,
iL .M a tta g a m i

\N i p i g o n

'
A. R°beryaJ^C^~^—
«
A? \ChambordJc.

Railways

Heron Bi
FORT WILLIAM.

HH

fcr<

■

>

•'•‘“JtS o*'*

in
H

T im a g a m i
F orest

^.jAroostdokJcje

R e se rv e

'Superior,

Sudburj*

-Nestori;

illi&z--- ’

Pembine

.Spooner

SSgT
£ > °Y

<&•$

Hurley

1
AshlandJe.KKp*'---■«
S.
/ Fredericton'
■4envUle J7 Y ---^ T \

O

o
indaor'ft

'VMackinaw'

>

V>

Prentice

Y

Alpena"

ebbotsford'

HALIFAX

O
w
o

rtland ^

Camp Douglas
Richlai

^To^f “cpo r ^
s| g | | | | p ^

iENEVA

jUudlsUl
IILWAUI

Lanain;

■Utica
jbunj

5.* H-

SP/tlNGFlELPjb

FONTIAj

o\\_RAUM.E
^Hartford!

Dubuque^
Clinton.

>? Corry

Davenpon
ostoria

Galesburg

Falls
Creek I

Akroi
Canton

o
in

rtsmoutb /'

\ feo'^TTH
LONDOnJOEJJRY

rCHARif?fTE Syragust

d -A ^ p r ^ ^ .

'I^ovldenceVjj \

fwANDA
Eernice"
’Williamsport)
NEW YOR>
/ WILKE8-BARREV.A
iA/OtRSEY CITY;.!
/
\ BETHLEHl

L V AN I A

<

Danville
Sprlnsfleld,




'beellni

Columbl

Decatur
.Terre'Haute

lilllcothj
iCTNClNNATI

urcleviUe

'PITTSBURGH
Cuy.’.berl:
'Keyser

llarrUbui

LweRP£2>—^"
ilncton

o
r

sibractar

S B ® ?

"

A N D C O N N E C T IO N S

■— Double Track
m m m m Lines under Construction

■ «*= »»««» Lines ii
■
Project

o
►
p-

Itewari

PRINCE t o e } WAI

•

! PEACE RIYE^:
I COUNTRY. / £t

C-1
Cl

I WANC£

T0
Island L.

Lake

MCBBID
W
EC
ddj^.
KauahV
»lWyx
Crt>yd«i
CHARLOTi
>seHarbor

rinhipegosis

CLINTON

K am a

|Chileo L.

Sandy L.

gpoAi-SPJ/R A„
u , ® f®r*rr \
SOIV^-^O^NTPAR^ u %j" * * > * $ !
AS
I
r^v '^\co2lJ

BellaCoola

IS L A N I

'{W innipeg

Xf \ f \
>. SAjW>»*wi

Lillooett

Glelchen

'Sicamous Jc.
High River^
NantoiA *

Okanagan
Landing

>i—i

•wja|aRAN DO

Punmore!

Proctoi

Princeton

?0

MacLeod «

WejburnVx/^^x^^

F*

'^M & rlF ie Woods

>inka (!
Pembina1

5«llingham
- -—" *

7"^ jj j\&
\J
7Republic J Sana Polm^

?

f('erett
/h i
llympla;

*/

/T /
N / 5 T o n Z km
/ Trinidad__—• '''/A I / pugT

Great Fall*

Council

Y e llo w s t o n e

Yellowstone
NationalPark
Cody

Huntington
Jloiftc
Kctchum?

“^MTNNEAPOtl^
■
--------—— *7

Redfield/
J)eadwood

*5^
Moorcrpft

O

H
in
>

O
cd
O

IMerrcJ

0

Mackay
Thermopolis

in

Sioux Falla

Albert Lea!
Stamford

>heldon
Shosh<

SHORT

Pocatello

Valentine

Lander

Casper'

Dakota Jc.
Alliance*
^ s^2i_Mullen

.

(W E S T E R N S E C T IO N )
OGDEN

Winnemucc:
Palisade

A N D C O N N E C T IO N S
■
Double Track
— w
Lines In Operation
MWNWMiWi Lines under Construction ■ m e * ■* Projected Lines

Sioux City

Dakota11\

WaveWr

■

Rawlins

MAP OF THE




Sheridan

,

ISpoonertT»

Aberdeen

MobridguJ

/Livingston

(! Glendale^

\

Hinckley

Gardiner

Oakland

(($

■DULUTH;

.Oakes)

Huntley

S tite s

"matilla

m
Super!

Anaconda

Kennewick

A u b tir

I

.R e d R a k e ,

Moorhead
Fargot'

ISlftinurck'

Manner'll

.Helena

Salem

*®l

Glendive'

Garrison

f/ Vancouver!o 8,
.PORTLANDfci^
C /w f o .

Ihurchs Ferry]

Buford

Afissoui

Lewistown

Chehalis

Idahna

•popl“

Crookston

r^ v^ c?

yTACOMAX^.
'o- Ellensburg^

Columbia R.i

Pacific Jc.

Columbia,
Palis /

>

Granger
Cheyenne

Julesburg

Suit Lake City

Garfield

UN. [ Sidney
Grand Islam
Holdrege

Steamboat Springs<

Council Bluffs

U cs M oines

Lincoln

Boulterl
■Austin Eureka

Glcnwood

DENVEI

Belleville,

ca

58

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, &c„ see notes on first -page]

Miles Date
Road Bonds

Par
Value

Amount
Outstanding

Rate

%
5g
5g
5
6

When
Payable

[Vol. 104
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable

N Y A Baltimore
Georgia Southw & Gulf—Albany & Nor 1st M g__c
J & J Jan 1 1946
36 1896
1,000
400,000
G 8 W & Gulf mtge_______________________ Ce
Go’s offico, Albany, Ga
J A J Jan 1 1959
36 1909
100
155,500
Reading Terminal, Phila
G?ttysb& Harrisb—Con(nowlst) M$565,000g(text).x
42 1891
1.000
565,000
A A O Oct 1 1926
Gila Valley Globe & Northern—See Arizona Easte rn RR
N Bk Or Co. Goshen. N Y
Goshen & Dcckertown—1st A 2d M ($60,000 are 2ds)
12 1888 500 Ac
246,500
Various 1928
Gouverneur & Oswegatchle—Seo N Y C & II It RIt
A A O Apr 25 1910 1H Office Grand Rap, Mich
Qrand Rapids & Indiana Ry—Stock $6,000,000____
100 5.791,700
First M mostly land grant g extended In 1899__ zo*
1,000
918,000
Winslow,LanierACo.N Y
367 1891
3H g J A ■1July 1 1941
do
do
First M extended gold guaranteed by Penn RR.zc*
367 1891
1,000 4,455,000
4M g J A J July 1 1941
Philadelphia, Pa
Second mortgage $5,000,000 gold____________xo*
419 1896
1.000 5,000,000
4 g A A <) Oct 1 1936
Bank of Mont, Lon A NY
Grand Trunk Pac—First M £ guar Can Govt (text)cAr 1,755 1905 £100 Ao 68 0 10,000 3 $ or £ J A J Jan 1 1962
Co’s Office, London, oi
Prairie Seotlon M (Ser A) £2,100,0001 guar p and 1 916 1905 £100 Ao 10.206,000
4
A A () Apr 1 1955
• Bank of Montreal,
Mountain Seo M (Ser B) £2,050,000) by Grand
839 1905 £100 Ac 9,963,000
A A O Apr 1 1955
4
New York
Lake Superior Dlv 1st M £1,550.0001
Trunk
A A () Apr 1 1955
188 1905 £100 Ac 7,533.000
4
Sterling bonds guar by Can Govt $15.940,800.c*Ar*
1914 £100 Ac 8,440,848
4
J A J Jan 1 1962___ :jondon, Montreal AN Y
9 N Broad St,London.EO
M A vSPerpetual
Deb stk $50,000,000 red aft 1936. Int gu by G T
$100 31,879.252
4
Gov’t Loan $10,000,000 seo. on Prairie section do
10,000,000
N Y Montreal A London
1909
A A <) Apr. 1 1919
4
Gov't Loan $15,000,000 cov. by deb. gu by G. T._
do
do
1913
15,000,000
4
J A J July 1 1923
5
M A N
1914
6,000,000
do $8,000,000 sec by mtgoV 103, p 406_____
7,081,783
6
Grand Trk Pac Br Lines 1st M gu by Alb text..c*
M A N Feb 25 1939
do
do
1909 £100 Ao 2,430,000
4
do
do
1st M gu by Alb £238,600_____
do
do
M A N Feb 16 1942
£100 1,159,598
58
4
do
do
do
do
guar by Saskatchewan (seo toxt).
M & N Jan. 22 1939
1909 £100 Ac 9.879.408
4
do
do
do
BgeATerm $4,450,000 bu by Sask text
1914
£100 See text
4H M A N 1943
Secured gold notes £2,000,000 guar red 101____ c*
do
do
M A S 2 Mar 2 1921
1914 £100 Ac 9,720,000
5
£23,955,437
£100 £1.479,452
459 1882
4% guaranteed stoca non-oumulatlve £12,500,0001884
£100 £12,500,000 See text M A N Nov 2 1916 2% Check from Co’s Offico
do
do
First preference 5% stock £3,420,000___________
’73-’74
£100 £3,420,000
M
N Nov 2 1916 2 ) \
Second preference stock £2,530,000_____________
do
do
’73-’74
Apr 1914 2 V ,
£100 £2,530,000
do
do
Third preference 4% stock £7,168,055__________ 3.512
Apr 1914 2 14
£100 £7,168,055
Debenture stock £4,270,575................................ 1 3,512 (1874
£100 £4,270,375
J A J 14 Irredeemable
5
Perpotual consol debenture stock (colltrust) cum . )
Glyn, Mills, Currie A Oo
I 1884
£100 £24,624,455
4
3—. Irredeemable
Second equip mtge (subject to 1st M In trust)...cj
J A J July 1 1919
£100
11869
£372,900
6
London
Great Western perpetual debenture stock_______ o 836 M Var
F A A Irredeemable
£100 £2,723,080
5
Northern Ry third preference A A B bonds_____ cl 490 H (1868
A A o Irredeemable
6
£14,500
Debenture stock 4% perpetual £425,850_____ /
F A A Irredeemable
\1884
4
£308)215
Mont. N Y A London
Canada Atlantic consol (now 1st) M g gu p & 1__ 1
396 1905 100, £206 $16,000,092
4 Z J A J Jan 1 1955

G E T T Y S B U R G & H A R R I S R U R O R Y — Carlisle to Gettysburg. Pa.,31.21
m.; branch to Round Top, Pa., 2.93m.; branch Pine Grove Furnace to Hun­
ter’s Run, 7.40 m. The ReadlngCo. owns $571,600 of the $600,000 capital
stock; $535,000 deposited under Its gen. mtge. of 1896. Of consol. 5s $215.­
000 woro guar, by Phila. & Reading UR. (foreclosed). Gross earnings year
ending Juno 30 1916, $246,953; net, $65,076; Int. on funded debt, $28,250;
taxes, $2,520; rents, Ac., $19,134; additions, &c., $5,080; bal., surplus,
$10.092.—(V. 95, p. 1039.)
G R A N D R A P I D S & I N D IA N A R Y . — (See M aps of Pennsylvania U R .) —

Owns from Fort Wayne, Ind., to Mackinaw City, 366 m.; branches, 53 m.;
total owned. 419 miles; operates the following roads, but has not assumed
the old company’s leases thereof: Cin. Richmond A Ft. Wayne RR., 86 m.;
Traverse City RR. (nearly all the stock and all the Income bonds owned),
26 m.; Muskegon Grand Rapids A Indiana RR., 37 m.; trackage, all linos,
8 miles. Sco V. 74, p. 777; V. 76, p. 811; V. 82, p. 988, 1098 Successor
Aug. 1896 of RR. Co. foreclosed (V. 63. p. 153).
STOCK.—Stock, $5,791,700, of which Pennsylvania Interests are sup­
posed to own all or nearly all. Penn. Co. on Jan. 1 1917 $2,295,000.
DIV’S.—1900, 1%: 1901, 2%; 1902 to April 1910.3% (yly); none since
BONDS.—The flrst mtge. bonds extended at 4H% are endorsed with the
guaranty of the Penn. RR. Co. to purchase the coupons as they mature, and
the bond Itself at maturity. See guaranty, V. 56, p. 649; V. 69, p. 1193.
Of the 2nds, $888,000 were owned Jan. 1 1917 by Pennsylvania RR. and
$3,487,000 by the Penn. C om p a n y, which company guarantees tho prin­
cipal and interest on SI,038,000 2d M. bonds.
EARNINGS—4 mos.,(1917......... Gross, S2.007.065; not, $189,063
Jan. 1 to April 30. \1916.........Gross, 1,805,383; net, 255,833
REPORT.—Report for 1915 in V. 102, p.1712 In 1915 carried 3,224.561
tons of freight, of which 30% was lumber, Ac., and 20% coal and coke.
Calendar
G ross
N e t , after
Other
In terest, A d d itio n s, B alance,
Y ea r — E a rn in gs.
T a xes. A c . In c o m e . R en ts, A c . B e t t's .A c . S urp lus.
1916-----S5.897.565
$1,201,300 S83.323 $926,923 $300,000 S57.700
1915___ 5.330,928
1,085,244 58,200 848,599 255,000 39,845
Pres., John II. P. Hughart.—(V. 102, p. 1625, 1712.)
G R AN D T R U N K PACIFIC R Y . — (See M a p s .) — This new trans-conti­
nental railway was built with the Joint financial support of the Govern­
ment and the Grand Trunk Ry. of Canada. It consists of a main line
of an estimated length of about 3,550 miles, from Moncton, N. B.. to
Prince Rupert, B. C., on Pacific Ocean, 30 miles south of Alaska line, with
branchos, 1,188 m. Total, 4,378 m., viz.:
1. A lm o st com pleted by Canadian Govt, and operated by it sin ce J u ly 1915—
Eastern Dlv., Moncton, N. B., via Quebec to'WInnlpeg, about___ 1,804
(To be leased for 50 years to Grand Trunk Pacific Ry. Co.—for
flrst 7 years at cost of operating only and for remaining 43 years
at 3% on cost of construction) estimated to Doc. 31 1916 at
$179,586,877.) This is tho “ Transcontinental Railway," so-called.
2. W estern D iv isio n , B uilt, Oicned and Operated by C om pa n y —
o. Prairie Section, Winnipeg to Rocky Mountains, about_______ 911
b. Mountain Division, Rocky Mountains to Pacific Ocean, about__ 833
3. Lake Superior Branch, Built and Owned by C o .; Leased A O per. by Govt .—
Thunder Bay on Lake Superior to East. Div., east of Winnipeg___ 188
4. S un dry Branch L in es —Built by co. and Its subsidiaries__ about 1,000
V. 98. p. 73, 1244, 1528. Winnipeg terminals, V. 89, p. 666.
In June 1916 no agreement had been reached regarding tho operation
of tho Dominion built line, the “ Transcontinental Ry." extending from
Moncton, N. B., to Winnipeg, 1,804 miles. Tho company claims that tho
road in question has not been completed within tho meaning of tho con­
tract and that therefore thoy aro not obliged to oporato It nor provido it
with tho stipulated amount of rolling stock ($20,000,000 worth). Tho
Govt, is operating this division. V. 100, p. 1348, 1592.
ORGANIZATION.—Incorp. by Canadian Parliament In 1903. V. 80,
p. 996: V. 81, p. 1315. As to Grand Trunk Pacific Branch Lines Co., see
V. 90, p. 1044 (also bonds below); V. 82, p. 333; V. 88. p. 295, 822, 1372.
1437. Option on Pac. Great East. Ity., 450 m.; see that co.
Government L o a n . —Tho liabilities of the Grand Trunk Pacific Ry. Co.
began to accumulate against not rovonuo In Jan. 1916 and as tho Grand
Trunk Ry. was not in a position, owing to tho war, to assume the burden,
the Canadian Parliament voted to grant tho Pacific Company an $8,000,000
6% loan payablo on demand and secured by mortgage. Tho proceeds
were to meet interestforat least a year upon tho securities of tho company,
to meet deficit in operations and to purchaso rolling stock (V. 102. p. 1811,
1892, 1982,2166). Tho amount of interest guaranteed by the Grand Trunk
Co. is about $4,000,000 annually, which includes intorest on tho Govern­
ment loans of $25,000,000, to which must bo added tho interest on tho
amount spent on branch lines, over and above tho amount for which bonds
have been or will bo guaranteed by tho priovincial Governments. It is
expected tho provincial Governments will issuo additional bonds to cover
some of this amount, leaving probably about $8,000,000 due to tho Grand
Trunk Ry. Co. Tho amount of interest guaranteed by the Government,
amounts to about $2,378,000 per annum.
STOCK.—Authorized, $45,000,000 (par of shares, $100 each), of which
the $25,000,000 common Is owned by the Grand Trunk Ry.
BONDS.—The Canadian Government agreed to guarantee 3% 1st mtge.
bonds for an amount up to 75% of the cost of construction of the Western
division, such amount (a) in the case of the Prairie Section not to exceed
$13,000 per mile, or £3,210,000 In all; and (b) three-quarters of total cost
per mile from the mountains to Paclflo Coast, called Mountain Section.
Total Issue, £14.000,000: Royal Trust Co.. Canada, trustee. V. 80. p.
996, 1234, 1363; V. 81, p. 507, 613; V. 89, p. 224, 280: V. 91, p. 214, 276.
Decision as to guaranty by Oov’t, V. 93, d. 1386. 1462: V. 95. p. 1607.
In June 1914 an Act was passed providing for the guaranty on certain
conditions by the Canadian Govt, of £3,280.000 4% bonds due Jan. 1 1962
to aid in completing tho road. In Nov. 1915 $5,524,000 of tho issuo was
pledged to secure $4,000,000 Gritnd Trunk Ry. 2-year notes. V. 101, p.
1028; V. 98. p. 1766. 1920; V. 99, p. 342, 074: V. 100, p. 612.
Series “ A” (Prairie Sec.) and Sor. “ B” (Mtn. Sec.) 4% bonds secured by
a second mtge. (National Trust Co., Toronto, trustoo) guar, as to prin. and




int. by the Grand Trunk Ry. Co., see In V. 80, p. 996; also V. 80, p. 996;
V. 86, p. 794; V. 90. p. 1165; V. 92. p. 725.
Although the mortgage to secure the 3% bonds guaranteed by the Govern­
ment ranks before the mtges. securing A and B bonds guaranteed by the
Grand Trunk Ry. of Canada, yet an agreement schedule to an Act of 1904
provides in effect that In the event of default by tho company for 5 years in
payment of the Int. on the 3% bonds, the remedy of the Government shall
be to put in a manager with the concurrence of the company to operate the
Western Division and to collect and distribute net earnings of each particular
division pari passu between the holders of the bonds guar, by the Govt,
and the holders of the bonds guar, by tho Grand Trunk Ry. Co. In the pro­
portion of 75% of such earnings to the holders of the Govt, bonds and 25
to the holders of the bonds of this division guar, by the Grand Trunk Ry. Co.
As to $10,000,000 loan of 1909, soo V. 88, p. 822. 1194, 1061, 1253. For
$15,000,000 loan of 1913, V. 96, p. 1629, 1772; V. 97, p. 175. Regarding
Grand Trunk Pacific Branch Lines bonds, soo V. 90, p. 1044, 1165; V. 88,
p 1437; V. 96, p. 285; V. 97, p. 1583. For Issuos guaranteed by Provinces
of Alberta and Saskatchewan, see V. 99, p. 1451; V. 95, p. 1331; V. 96, p.
285; V. 94, p. 1448. As to $15,910,800 guaranty of 1914, seo V. 98. p. 1766.
Perpetual debenture stock, soo V. 84, p. 570; V. 96, p. 1296; V. 88, p. 6‘24:
V. 90. p. 303; V. 96. p. 789; V. 94, p. 207; V. 95, p. 1207. 1607; V. 96, p.
789. 1088, 1297. 1621), 1700.
For £2.000.000 7-yr. 5% notos of 1914 see V. 98, p. 73.
FINANCIAL STATEMENT, &C.—A full financial statement as of
Feb. 29 1916 was given in V. 102, p. 1982. Tho roports of members of tho
Royal Commission appointed to consider what course tho Dominion should
pursue with regard to tho Grand Trunk Pacific and Canadian Northern
were referred to in V. 104, p. 1754, 1800, 2117, 2235. Early in 1916 tho
Grand Trunk Ry. offered to surrender all its interest in tho Grand Trunk
Pacific, Branch Lines Co. .and Development Co. if tho Government would
relieve the Grand Trunk Ry. of all liabilities thoreon and also reimburse
it for all advances to those companies. Sco V. 102, p. 1982, 1811.
““EARNINGS.—For years ended Juno 1916 (bond int. not doductod):
(Report to Dept. Rys. A Canal.) Or. Tr. Pac. Q .T.P.Br.L. Transcon.Ry.
Operating revenues______________ $6,963,189 $1,319,599 $5,798,516
Net incomo after oper. expenses____ 1,070,904 loss 50,534
466,135
Charges other than funded debt____ _______
_______
808,751
Balance ...................................... $1,070,904 loss $50,534 lossS342,615
The interest to bo provided for was $0,668,084 by Gr. Tr. Pacific Ry. and
$538,760 by Gr. Tr. Pacific Branch Lines Co.
The G. T. Pac. roports for the cal. year ended Dec. 31 1916, gross,
$7,872,455; net, def., $144,210; int., rentals, Ac., $8,008,791; bal., def.,
S6.285.130. j
. ...
■..
:
a
OFFICERS.—Pres., E. J. Chamberlain, Montreal, Can.; Soc., Ilonry
Philips; Troas., Frank Scott.—(V. 102. p.1811, 1896, 1982; V.103.p.320, 406.)
“ G R A N D T R U N K R Y . O F C A N A D A . — (See M a p s .) — Quebec. Can..
Montreal to Chicago, 111., also to Portland, Buffalo, Dotrolt, Toledo, &c.
REPORTED SEPARATELY.
• • SYSTEM PROPER.
••
M ajority stock owned.
M iles.
M iles.
Lines owned________________3,472 Central Vermont*___________ 531
Grand Trunk Western*______ 347
Leased— partly owned.
Entire stock owned.
Atlantlo & St. Lawrence, Port­
land,Me.,to Island Pond, Vt- 165 Pontiac Oxford & Northern__ 101
ButTalo A Lake Huron_______ 164 Detroit Grand Ilaven A MU*.. 191
Clncln. Sag. A Mackinaw_____
54 Tol. Sag. A Muskegon_______ 96
Other lines________________ 211 Jointly owned.
Detroit A Toledo Shore Line.. 79
______
_
.
Total road______________ 6,360
Total
in earnings__________
4,008
Car ferry. Grand Haven to Milwaukee. ’ See separate statement this Co.
DEBENTURE STOCK—NOTES.—Perpotual consol. 4% dob. stock
included in August 1916 a total issuo of $180,708,378, from time to timo
authorized by Acts of the Parliament of Canada, of which $119,839,014
was in hands of public; $10,723,731 was pledged as collateral security for
promissory notes, SI 1 105.424 was set aside for certain specified purposes,
and $6,010 2 )9 was hold in the treasury without limitation as to purposes
of Issuo. The debenture stock is a first chargo (1) upon tho property,
subject to certain prior liens, including the 5% dobonturo stock, aggro­
gating about $54,000,000, and (2) on $76,048,441 securities of companies
consolidated with the Grand Trunk Co., and controlled companies. V. 97,
P'The £2,000.6^0 5% 5-yr. notes of 1913 aro secured by £2,6 >7,000 perpet.
cons. deb. stk. and the £1,000,000 5 'A % 3-yr. notes dated Jan. 15 1915, by
£1,430,000 stock. Both issues aro redeemable as a whole or in amounts of
not less than £200,000 by drawings on any intorest date on 60 days’ notice,
the trustee to releaso a proportionate part of tho collateral. V. 97, p. 298,
521; V. 100, p. 54. The S12,500,000 513 % 6-year notos of 1915 aro secured
by deposit of £3.600,000 porp. 4% consol, dob. stock: red. on any int. date
as a whole or in amounts of not less than £200,000 by drawings, a propor­
tionate part of collateral to bo released. V. 100, p. 1917, 2085.
Tho $4,000,000 2-year 5% notes dated Nov. 1 1915 aro secured by
$5,254,632 (131%) Grand Trunk Pacific Ry. 4% sterling bonds of 1914.
duo Jan. 1 1962 (part of £3,280,000 issuo, guar., p. & 1., by Dominion Govt,)
and are convertible at 100 and int. into said bonds at 80 and int., at option
of holder, at anv time prior to maturity on 30 days’ notice to trustee
V. 101, p. 1627. The $2,000,000 2-year 5% collat. notes of 1916 wero socured by £670,890 4% Consol. Debenture Stock. V. 103, p. 758.
Canada Atlantic Ry. was merged Jan. I 1914; V. 100. p. 1432; Its 50-yr. 4s
of 1905 (Royal Trust Co., Montreal, trusteo), carry guar., prin. A Int., of
Grand Trunk. V. 79. p. 1641. 24; V. 80, p. 2343; V. 87, p. 1477.
Govt. Loan in 1916 to Grand Trunk Pac. Ry.—See that company above.
This loan is not an obligation of tho Grand Trunk Ry. V. 102. p. 2166. 1982
Station Co. bonds, V. 82, p. 452. Montreal Warehousing guaranteed
bonds, V. 83, p. 37. Grand Trunk Pacific Dovol. Co., V. Oo, P. 306; V. 91,
p. 1449; V. 92. p. 1238; V. 93. p. 1107. Toronto Term. Ry., V. 95, p. 1474;
V. 98. p. 1768; V. 101, p. 1272. Ottawa Terms. Rys., V. 95, p. 1207.
In June 1916 arranged to guarantee bonds of Central Vermont Ry. (which
see) for completion of lino into l’rovUlonco, &e. V.102.P.2341; V. 103,p.2078.

June, 1917.]

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[F or abbreviations, & c ., see notes on fir st page]

M iles Date
Road Bonds

Par
Value

Uran(I Trunk Railway— (Concluded) —
Secured notes £2.000.000 redeemable 101______ c*
Throo-year collateral notes £1,000.000 red 101_c*
Five-year secured notes £2,500,000 red 101___ c*
Two-year secured notes call convertible_______Ba
Two-year collat gold notes______________ yBac
New England Elev 1st M g gu duo $10,000 yearly..
Montreal Warehousing 1st M $1 000.000 gold guar.
Car trusts due $197,000 seml-an red 102 X ......... Ba
do Ser B gold duo $108,000 s-a red 102X Ba
do Ser G due s-a $113 M 6 yrs then $112 M .
red 10214................ ..................... ........ Eq x
Whipple Car Go 1st r. e. & coll, tr M g duo $30,000
yearly rod 102 (V. 97, p. 1663)......................-c*
Grand Trunk West—1st M lnt gu $ (cur) & £ _.Fx
Gen consol M auth $30,000,000 guar p& 1-----Usmx
Orcat Northern—Stock $250,000.000.......................
Gt Nor 1st & Bet M g red 105 beg ’41-.Ba.xo* Ar*
Old U n d erlyin g D iv ision a l Bonds —
St P M & M consol mtgel (now 1st M) gold— Cezl
tor $50,000,000........J(V 91 p 518) sink fund.z)
Montana Ext 1st M ($25,000 p m) gold— Ce.zo’ Ar
Pacific Extension M £6,000,000 gold........Ce.zo*Ar
O B & Q col tr M g red at 105 IS share-----Gxc*&r*
do
do
do
registered___ zr*
Minn Un Ry 1st mtge gold assumed— ......... Ce.zo*
do
do
do
--------------------E of Minn No Dlv M $9,700,000 g ass red.Ba.zo*Ar
Mont Cent 1st Mg ($6,000,000 are 6s) ass. _-Ce.zo Ar
Wlllinar A Sioux Falls 1st M g assum (end)Ce.zo* Ar
Spokane Falls & North first mtge g assum __Ba.xo*
Gt North Ry of Can—See Canadian North Quebec Ry
Great Southern RR—1st M $5,000,000 gold-----------x
Green Bay & Western RR—Stock (see text)_______
Debentures Class A Incomes text non-cum____ zo*
Class B Incomes after 5% on stock non-cum.zo*
a $11,502,000 additional pledged for Paolflo Extens

1913
1915
1915
1915
__ 1916
__ 1901
__ 1906
1912
— 1912
1913
1912
330 1900
330 1912
7.517 1911
2,541 1883
2,541 1883
2,541 1883
420 1887
849 1890
— 1901
1901
2 1882
2 1882
284 1898
250 1887
304 1888
130 1889
1908
1896
. . . 1896
ion bo nds

£100
£100 &c
£100 &c
1,000
1,000
1.000
$ or £
1,000
1.000
1.000

Amount
Outstanding

Rate
%

When
Payable

59
U ist Dividend
and Maturity

£2.000.000
5
A A O Oct 1 1918
£1,000,000
5X J & J 15 Jan 14 1918
£2,500,000
6X J A J July 1 1920
$4,000,000
6 g M & N Nov 1 1917
Blair & Co.. New York
2,000,000
5 g F & A Aug 1 1918
N Y and Montreal
250.000
3 X g J A J July 1917-1941 UnSDATrCo Portl’d.Ms
1,000.000
A A () Apr 11936
4
Blair & Co., New York
2,364,000
4 X M A N Nov ’17-May ’22
do
do
2,184,000
do
do
4X g M & N Nov ’17-Nov ’22
1.635,000
4X M & N Nov ’17-Nov ’23
195:000
6 g J Sc D Dec ’ 17-Dec ’22
$& £
15.000.000
4 g J A J July 1 1950
Bank Montreal.NYALon
11,541,000
4 g
M & s Sept 1 1962
do _
do
100 249,476.850
1.000 Ac 35,668.000
do
do
4X g J A J July 11961
1,000 13.344.000
6 g ,T A ,TJuly 1 1933
do
do
1.000 21,087.000
4 X g J A J July 1 1933
do
do
1.000 8,177.000
4 g J A J July 1 1933
do
do
1,000 alO. 185.000
4 g J A D June 11937
do
do
£100 Ac £5,854.100
N Y A Lond, Baring Bros
4 g J A J July 1 1940
$1.000Ao 110^567515
J P Morgan A Co. N Y
J & J July 1 1921
1.000 Ao
July 1 1921
do
do
\
4g
1,000 2,150,0)0
32 Nassau St N ew Y o r k
6 g J A .TJuly 1 1922
do
1.000
050,0)0
do
5 g J A J July 1 1922
1.000 Ao d9,695,0)0
32 Na88auNY;Lee,H,Bo*
4 g A A O Apr 1 1948
1,000 Ac 10,000,000 5 & 6 g .T A .TJuly 1 1937
32 Nassau St N ew Y o r k
do
1,000 3,625.00)
do
5 g J A D June 1 1938
do
do
1.000
229.00)
6
J A J July 1 1939
Sec Sav A Tr Co. Port.Or
590,009
1.000
5 g J A J July 1 1928
100 2.500.000 5 Feb T7 Feb FeblS 1917 5% O ffic e 40 Wall St N Y
1.000
600,000 5 Feb ’ 17 Feb Feb 15 1917 5%
do
do
do
do
1.000 7.000.000 1 Feb T7 Feb Febl5 1917 1%
d Subject to call at 1 05 after April 19 28

In May 1917 the Railway Board of Inquiry," formed pursuant to Act existing liens of $22,491 per m.) on 4,781.31 miles; total mileage covered,
of Dominion Parliament, presented a majority roport recommending 7,517.72; also secured by equipment at tho time of the mortgage costing
nationalization of the Grand Trunk and Canadian Pacific systems and their $59,073,180. upon $16,200,068 of which it is a first lien. V. 92, p. 1499;
joint operation by an independent board of trustees as the Dominion Ry. V. 93, p. 871; V. 98, p. 698.
Co. ‘ for tho benefit of tho people of Canada.” The company pronounces
Provisions Respecting Issuance of the $600,000,000 Bonds Authorised.
this report inaccurato and misleading. V. 104, p. 1800,1754, 2117, 2235.
Sold for pres, purposes, $35,000,000; held In treas.,$ 10,000,000.$45.000,000
DIVIDENDS.—Total percentage paid fr o m earnings of each year since Reserved to retire existing obligations, including the $222,400,­
1903 being tho October and following April declarations combined:
000 auth. Issue of Northern Pacific-Great Northern Joint 4s,
^
. .
'04. '05. '06. '07. '08. '09. TO. ’ ll. T2. '13. '14. T5.
due 1921, of which $7,173,000 have not yet been Issued (no
Guar,' stock___
4 4 4 4 4 4 4 4 4 4
3>44 additional bonds, not provided for In the mortgage, are to be
1st pref_______
5 5 5 5 5 5 5 5 5 5
00
Issued or underlying bonds extended)..................................332,062,000
2d pref...........% 5 5 5 5 2>4 5 5 5 6 5
00
Reserved for general corporate purposes, acquisition of new
0 2 3 3 0 0 X IX 2X 2X 0 0
lines, Ac., and purchase of stocks and bonds of other cos___ 122,938,000
P r e f . -------------.-r r ~ T -%
Tho dividend on guaranteed stock was only 1>4% In May and Nov. 1915, Reserved for the acquisition and construction of new lines, ter­
but In May 1916 2>4%, making 4% for year 1915-16 and In Nov. 1916 2%.
minals. Ac.. at not exceeding $3,000,000 In any cal. year— 100.000.000
First prof, dividends omitted in 1914 and 1915 were rosumed in Nov. 1916
The $40,351,000 of above Issue held In thetreasury Includes: $18,351,000
with full 2>4% (s.a.). V. 103, p. 1413.
Issued for acquisition of stocks of other cos., $12,000,000 for acquisition and
EARNINGS.—4 mos.,/1917---- Gross, $14,606,800; not, $2,836,439 construction of new lines, &c., and $10,000,006 of original $45,000,000.
St. Paul Minn. & Man. consol, mtge. of 1883, for $50,000,000, is now a
Jan. 1 to April 30. (1916---- Gross, 13,568,044; net, 3,229,895
first lien on both land grant and 2,540.83 miles ofroadandasecondlienon
REPORT.—Report for cal. year 1916 was in V. 104. p. 2112.
2.47
m. of double track formerly Minneapolis Union Ry. V. 91, p. 518; V.64.
1916.
1915.
1914.
1913.
518 ;V. 86, p. 229; V. 87. D. 1533: V. 88, p. 295, 624. 1061. 1372.
4,015
4,015
4,015
4,012 p. Montana
Milos_______________
mtge. Is limited to $21,687,000 on 837 miles In State
Gross earnings________ £9,819,700 £8,292,688 £8,596,768 £9,620,176 of Montana;Extension
$10,185,000 are in hands of the public and $11,502,000 with
Transportation oxponsos- 7,288,000 6,511,257 6,841,919
7,261,810 trustee of Pacific
ext. mtge. to secure to that mtge. first lien on tracks
Pacific Jet. to Idaho State line. 417 miles.
Net earnings________ £2,591,700 £1,781,431 £1,754,849
Pacific Extension mtge., £8.000,000, at £6.000 per mile In Montana and
Total net incomo______ £2,654,100 £2.154,031 £2,437,593 £2,358,366
£2,665,599 £7.000 per mile wost of Montana. V. 66. p. 1044. 1188; V. 80. p. 1111,
Deduct— Rentals_______ Tl ,914,600
1.499.387] ’155,206
155,206
1174;
V. 90. p. 303. See abstract of mtge., V. 52, p. 82.
lnt. on bds.,dob.stk.,&c./
. .. ann\ 1,692,034 1,429,905
On Apr. 30 1917 Gt. Nor. and Nor. Pac. owned $107613.500 of the
Adv. to controlled roads. Cr.62,800
144,620
265,237
104,366 $110,8391100
Chicago Burl. A Quincy RR. stock, exchanged for their
Dlvs. on guar, stock..(4%)500,000 (4) 500,000 (3 >4)437,500 (4)490,823
Joint 20-year 4% gold bonds (secured by deposit of the stock In trust),
Do 1st prof, stock__ (5)171,000
..........
170,841 on basis of $200 in bonds for each $100 stock. See circular, V. 72, p. 871,
Do 2d pref. stock...(6) 126,500
-------126,420
1034, 1135. and application to list, V. 73, p. 294. 903; V. 85, p. 600.
Do 3d pref. stock---------- .........(2>4)179,116
Eastern R y. o f Minnesota.—Nor. Dlv. mtge. of 1898 limited to $9,700,000,
Balance................. ...sur.£4,800 sur.£10,704 def.£12 384 sur.£3,922 are red. at 105 after April 1 1928. V. 66. p. 471; V. 88. p. 1002, 1253.
OFFIC
GENERAL FINANCES.—Total funded debt In hands of public Dec. 31
FFICERS.—Pros., E. J. Chamberlain; Chairman of Board Alfred W
Smithers
1916, $143,235,515. Per mile of road (7,820.64 m.), bonds, $18,315 06;
stock, $31,899 80. Train load, 6 mos. to Dec. 31 1916, 701 tons; same
1800, 18$
m i - i m period 1915. 708.
ORAND TRUNK WESTERN RY.—Owns from Port Huron Mich
See Great Northern Iron Ore Properties under “ Industrials.”
to Chic. & West. Ind. RR., at Chicago, 331 m.; leases Chic. Kalamazoo A
Saginaw. 9.57 m.; Chic. & Kalamazoo Terminal, 1.73 m.; trackage Chic. &
EARNINGS.—4 mos.J1917......... Gross, $23,347,558; net, $5,654,387
West. Ind., 5 m.; total, 347 m. Stock, $6,000,000 all ownecl hv Grand
Jan. 1 to April 30.
\1916......... Gross, 21,824,044; net, 6,602,541
Trunk. V. 69. p. 954; V. 71. p. 22. Allied line. Pint. Ox!& N b r . . K
REPORT.—Fiscal year now ends Dec. 31. For 6 mos . ending Dec. 31
BONDS.—^The Grand Trunk unconditionally guarantees the interest on 1916.
see V. 104, p. 2109, 2124.
the 1st 4s. The Incomes were called for payment on Deo 1 1910 at 85 and
6 M o s . to — Y ea rs ending J une 30­
any lnt. then due. V. 90. p. 1239. Jointly with Toledo St Louis A Wm
T6.
1916 .
1915.
guarantees Det. & Toledo Shore Line bonds. V.76. p 653- V 89 n 14H Average miles operated___________ D e c . 318,143
8, 053
8.061
In March 1911 authority was granted to make a new mtec for *30 non non Passenger earnings..............................$8,356,578 $13,661,
to extend and improve the road; $7,662,000 4s.dueS™pt.i 1962,were’™?: Freight...............................- ............ 34,686,306 60,177,,645 $13,164,857
,249 47,147.314
chased by the Grand Trunk Ry. The latter guarantees nrlncinal and Inter­
express, Ac________________ 3,352,385 5,993,,718 5,635,800
est; $15,000,000 to be held to retire the firsts at maturlU
92 d 795 Mail,
899,149 1,429,,866 1,214,887
1108. 1242. 1436; V. 93. p. 1323; V. 97. p. 237.
y v'
p’ 7a5- Other than transportation.... ............
EARNINGS.—4 mos.,fl917............. Gross, $2,805,397; net. $329,547
Gross
operating
revenues_______
$47,294,419
$81,262,478 $67,162,858
Jan. 1 to April 30.
llOlo----------- Gross, 2.913 9 3 9 *' net
004 . Gross corporate income___________ $21,023,823 $35,061,822 $28,015,114
Year ending Juno 30 1916, gross, $8,818,661; not, after taxes $2 662 39*8" Rentals paid...................................
$888,892
$475,740
$849,078
other incomo, $165,082; charges, S3,122,390 surnhis ^ 684 Year Hire of equipment balance, Ac.
129,048
116,487
100.262
1914-15, gross. $7,238,464; not, after tkxos $789 18§ —(V? 96 p 1700 Bond interest accrued____________ 3,220,419 6,443,267 6,447,504
V. 97. p. 175, 237; V . 103. p. 758; V. 104, p. 1387.)
(
’
’ Dividends on stock (7 % per annum) _ 8.731,254 17.456,390 16.796.857
193,319
GREAT NORTHERN RY.— (See M a p s .) —Operates a line from St Interest on new stock subscriptions. 250.882
'256",332
Paul and Duluth, Minn., via Spokane Wash., to Seattle, Wash., and Van­ Renewal Allouez Bay ore docks____ "128*, 166
3,100,865
275,000
couver. B. O., with trackage rights Into Portland, Ore., and numerous Miscellaneous appropriations--------3,500,000 1,000,000
branches in Minnesota, Iowa, North and South Dakota Montana M ih > Improvement and renewal fund-----Washington, Manitoba and British Col Total Doc. 31 1916, 8,198, viz.: Pension fund___________________
10,448 1,000,000
L in es ow ned in fe e —
M ile s.
Controlled C om pa n ies —■
M iles.
St. Paul to St. Vincent, Minn.. 393 Vancouv., Vic. & East. Ry.&N. 271
Balance, surplus........................... $8,331,309 $2,287,027 $2,096,762
Minneapolis to Seattle, Wash..1,8,32 Other lines.............................. 418
OFFICERS.—Chairman of Board and President, Louis W. Ilili; Asst, to
Everett, Wash., to Vancouver. 128
trackage —
Other lines owned in feo to Su­
Seattle to Vancouver, Wash__ 173 Pros., It. Budd; Vice-Presidents, W. P. Kenney and J. M. Gruber, St.
perior, Butte, Sioux City, Ac.4,796 19 other lines_____ _________ 2 2 6 Paul; V.-Pres., and Asst. Sec., E. T. Nichols, New York; V.-Pres. and
Martin; V.-Pres. and Gen. Counsel, E. O. LIndley; Sec. A
,
. .
Second, &c., tracks & sidings 2,447 Compt.,L.G.E.It.Katzenbach,
St. Paul; Asst. Sec. and Asst. Treas., N. TerIn July 1916 purchased Watertown ASIoux Falls RR., 103 miles (V. 103. Treas.,
hune. New York. N . Y. office, 32 Nassau St.
p. 145). Now terminal cos. 1917, V. 104, p. 560.
Owns Jointly with Northern Paciric the Spokane Portland & Seattle Ry..
DIRECTORS.—L. W. Hill. R. Budd, W. P. Kenney, E. C. LIndley,
656 miles. V. 85. p. 1273; V. 86, p. 1529.
L. E. Katzenbach, F. E. Weyerhaeuser, W. B. Dean. St. Paul; A. L. OrIn Dec. 1908 Chic. Burl. & Quincy (jointly hold with Nor. Pac.) acquired dean,
A. D. Thomson, Duluth; P. L. Howe, Minneapolis; E. T. Nichols,
control or Colo. & Southern. V. 87. p. 1684. Usos Jointly Northern A. Barton Hepburn, New York.—(V. 104, p. 2109.)
Pacific line, Seattle to Vancouver, Wash., 174 miles. V. 88 p.1372.
In Dec. 1909 a Joint control was acquired 0f Spokane & Inland Empire
' GREAT SOUTHERN RR.—Ov^ns from The Dalles to Friend, Ore.
(Electric) RR.. 213 m. See "Electric Ry.” Section.
41.77 miles, lncorp. In Oregon 1908. Stock, $100,000; par $100. Bonds
Controls Midland Ry. of Manitoba Jointly with Nor. Pac. Ry. V.95,p.236. (Security Sav. A Tr. Co.. Portland. Ore., trustee), $5,000,000 auth. issue.
ORGANIZATION.—In 1007-08 absorbed St. Paul Minn. & Man. ana Year ending June 30 1915, gross. $43,556; net, S14.953; other Inc., $101;
lnt., taxes, &c., $36,387; bal., def.. $21,333. Pres, (deceased); V.-P..
0t« ^ ^ ls theretofore controlled. V 85. p. 600, 1209; V. 86, p. 168. 794. J.
L. Meier; Sec., Geo. W. Joseph, and Treas. & Gen. Mgr., J. G. Heims>IUOK.—in 1898 surrendered the right to Issue common stock, all stock
being of a single class with uniform rights." v. 83. p. 1469; V.84. p.749. rich. Office, The Dalles, Ore.
DIVIDENDS.- V92 to ’96 (inch) ’97. ’98. ’99. '00. 1901 to Aug.T7
GREEN BAY & WESTERN RR.—Road owned from Green Bay, Wis.,
Per cent... ........../ 5 % yearly
5>$0X 7
7 7 % yearly. Q-P to East Winona, Wis., 213 miles; branches, &c., 38 m.; trackage Ch. A
Also In 1898 50% In Seattle & Mont, stock, which was then exchanged N. W., 23 miles.
at 80 in payment of 40% of subscription to additional Gt. Nor. pref. V. 66.
SECURITIES.—There are no fixed charges on the property other than
p. 1044 1188; V. 74. p. 829. In May 1901. X% and in Nov. 1907 1X %
nor can any be placed thereon or the property be sold or leased
was paid from earas. of Lake Superior Co.. Ltd., and in Dec. 1906 unit for, taxes,
without consent of 75% of stock. Class A debentures are entitled to 2X%
unit, 1,500,000 shares In Iron ore properties. See "Gonoral Finances."
Interest, If earned, then common stock to2X% . then the two share ratably,
th,° “ lst & Rof." 5 0 -yoar bonds ($600,000,000 auth.), $76,­ but after 5% on both, class B Is entitled to all surplus earns. V. 61, p. 471.
019,000) had been Issued as 4 M % bonds to Apr. 30 1917, of which $35,668,­
LATE DIVS.
'05-’07. '08. '09. TO. Tl. T2. '13. '14. '15. TO. T7.
000 sold and $10,351,000 held in treasury and pension fund. Those bonds Class "A” debs........ 5 y'ly 5 5 5 5 5 5 5 5 5
6
(in hands of public) are a first lien, directly or through deposit of stock, on Capital stock_____ 5 y’ly 5 5 5 5 5 5 5 5 5 5
2,736.41 miles of road at $13,035 per miio, and a goncral lion (subject to Class "B ” debs.................... X X X X X 1X X X X
1




MooseJui

REGINA'
Pasqua

'OakPoint
Gimli.

W o ls e le y

cs

POR.TAGf

M A P OF TH E

Milestone'

WoodMountain

GREAT NORTHERN RAILWAY

-EagleElver
Weyburn

SurpriseValley

Stoughton

,AK£

(EASTERN SECTION)

Bttevan'
"MiTncfu?

utctaii
'Sry.-

Grand.Falls
p^Kelliher

pcviC*-!rts'
i-£J
Ov Nano"
3
Garrison'.

NewlonJct,^ oney^ip^OQ-'
Gettysburs
rwlon *3h't
LAMBER^eP

Kismet

Circle.^
Glendiv^
Terry,

Stanton

,Wilton

Kllldeer
Reach7,

_ *QR-_________p*ft-

NewEngland

Iclstone

Gle““'1" 1 Mandan^

BOYLSTON

lauuou Rail

Linton.

Broadus

La Beau!
F a u lk to

Clearmont

Basin

/Speartis!
Buffalo

Cilk'tte''vO

Dcadw'ood__.
VPiedmont

*

V
L
°t
Al’
l_ftY^'Stockholm
F ores t v i l l e ^ ^
UW-atettowj/jF^
Grove yx'
Viennaw^I \\
1

Rcdfieidj

PIERRJ

Jiidl3nd

■Elkton'

Worland
Newcastle

Thennopolis
Minnesela

Edgemo

Lysite 0

■t

Lander

Wendover*

»Irontou
!guernsey

Wheatland

Thayer Jc.




Walcot
Laramie

v\ /yRusscli
^.^Flbrciice--O^yHolland
^yPipestone "

^Platte

LehuoS
/Davis:
Irenej
lalmoy

Valentine

iDoon/ DUMeJ
iPerkins---- $
□Sioux Center
I Manrice
IStruble I

AlbertLea^^l^Austin
ocGermania
•orest <yty
Mason City
Hampton;

.Crawford
Girard
Alliance
_c.Ashby
.Mitchell
sNorthport

•IronMoui
Dalton

Hecla
Mcrua

fe.Terson
jEb bnu

>

c
o
cc

X
C
w

shibojgan

-MADISON

Milwaukee

[Praiiie-d.u Chi

iRacim
Kenosha!

Janesville/
Monroe
Galeua-

Marshalltown

’reeport
Rockford

'aukegan

sCedarRapi'ds

-Clinton.

Grinnell
Columbus

Wutersmcer

W
H
O
O

Decorah

Dubuqiit'

.Oakland

_Marquetty

'U'\V\La Crosse

IowaPalls

Laurela
'Plainviei
b.

Michigomme)

Saunder^
^£yBROQ.KPARK
Gladstone
T),
Is jI
■■Spooner/
uGrpsston
Pcmbincl •Escannba.
^CanlbridgeJ
Rhinelander
Hlsanu*\ /
[Prentice\
IBtnlel~X.(
[RIVER
iCauieion <adysmith
.Tomahawk
jAndover)
IcOOf/cREEK
Coksto*
MINflEAPOLlS.
Marinette;
5SST.PAU.L_
JC b lp p cw a F a l l a 'i A b b otsford .
Eau Claire^
'Marshfield'
’inthropt^X^.1 'V (L
mevlua
'Faribault
East Winona
Oshkosh'
Muimowoc
rCvOnalaskac.

ic^Tieron /Lake &\Winnebago'€ ity

■-Worthington
1Rosebud

Powdei/Rivcrr

’Bellingham a

Mitchell

Interior

Minnck;

*

Mobridge

Faith

Aberdeen
.Kane

Oakes

Pollock

McLaughlin

■Hurley^
Sldellcn7

EdgeleyJ
»o

Isabel:

CrowAgency

Tipple

kJ

McKenzie

Scranton
Lemmon'

Anchor

>

^Ontonagon':

B IS M A R qI

Marmarth

t"

HH

•Caluffe

S id n a w * .

Miles'City

Sunshine

>

Echo Lake

ROC^f
CarrS^'W^

■M issouri.

'rtOfAL

jWinton

'Davenport

Au«jra\ *

/W 'T \

I

o
p-

High River;

Q errard

/^Gkauogan
\-l Landing

tLyttou

Swift Current

.Nakusp
Lardo'

ifflete OkaJ$gan_Lake

1

A rrow ,

Lethbridge

U n K im b e r l;

Erlnoetoif
'aneta

W ey b u rn "'

“Surprise Valley

Jardstoi

ialcuav

Earles

Pateros

.ru se

X a ism ith .

K
Forest G rove^r
// I
p 5 5 £ " D'

/

/I /

fe^°«dburn H/ ’iufr\
pin'
Woodburn
gj

■j St.Joseph'
illirtuinao—-JH
Ia l e m
li ls c k Rock;
_______ _ Hoover r
Atrlie°, , shelbum
) i
21 Madras
‘Corvallis') fALBANV

euoene'

1

JDeSmet Blackfoot
'^Missoula''0Jc*
Irummond]
Philipsbnrg
Anaconda,
’
Stu:

Seville

\

NewMeadows

Salmoi

Whitel

■Dillon

M a rm a rth

Scranton°~~-S4

■Ionia
Aberdeen

IGardinei

■rmstead

■Lakeport

Yellowstone.
( G ilm o r e

Tama,

H a rn ey Lake

Newcastle

-Rupert
.Oakley

R og erson ,

Powder River
Lander,
WendoverJ

Malad City

Ironto ■
touerns !y

.Kemmei

E

Umbr

Cobre

Vj/Granger

Tipple
ThayerJc.

iDakotaJc.
■Crawford
Girard
^hby
'Northport

Walcot

L

■IronMour
Laramie

Valentine

Alllancei

Wkcatlandl

\ N

InterlorsT.

Rosebud,

Pacific

>rlnne

Midland N.

Kendal)

'Pocatello
icCammon)
Alexai t

Mountain City0

’Kevstou>f~^v

'hermopolls
[Mlnnesela

Aberdeen,

MTAP O F T I I E

GREAT NORTHERN RAILWAY

Blackfoot

Piedmont
CambrlJy

Anchor

Victor
Idaho Falls

Gllletl

'Buffalo

Spearfi

fWorland

Sunshine0
BEND

■Ketchum

MorelandJc.

'Basin

’MowatoneLake

Ashtoi

Man

Broadus

Clearmont

i

Mackayc

'Nampa

Riverside!

Lemmon
McLaughlin
Isabel
Faitho

Frqnuie,

YELLOWSTONE

Spencer'

■Banks

.Weiscr
JPayette

Ihoshono




M ile s 'C it y

*?Sanders Forsyth.
^>dBighorn
tull/Mountain
g & r

■CrowAgency

Blakes Jc.
BroganS

O Crescent

(W E ST E R N SECTION)

lelstone

^xtfushman
Belmont
J* ActonX
v<

Menard
^Wilsall

GlenuUea Mandan'

NewEngland;

ivingstom

Emmett

Myrtlcpoint

'gVNihill

■X^vWallura

RJmbart

BUTT

E IS M A R l

^ O u d ith G ap

L ead oreX f

Disstoni

Garrisoi

'Glendivi

’Aider

Hoinestead

Redmoni
Mohawk Jc.

\ B iv e r

IW
SOU

S ta n ton .

■MOCCASIN--VBirffalo

Johns
Garrison Bz'

L a G ran d w

I
NdHeppner
“Condon
O

Sidney

Circle Jf

ati,lla34 thena
J^^ArUugton ^>°^endletq£
\ No T
j] )

Gettysburg
Lambert^ * *

.Kismet

,

m

MSaaourl

Dalton]

Hecla

RAILWAY STOCKS AND BONDS

m

‘M

L a m o n t.

la r fie ld .
Elk River' Quartz
•Wa'rdenJ looped
Ellensburg'
.Moscow
CENTRAL!/ gf-TeninoVoAshford Nachez V?
/chehalisj Morton
iArrow
WeikelAi;
Cbehalis Jc.
S
nake
R
iver
j
"!
/
/
'
N
orth
Y
akim
a'
IVader
.Granger j /
Peasant View;
ZBCastleRock
-A^Dayton
iStites
\ a l P i /Walla Walla

V < 4>

niobUS
VClodG
M
J
T.

ho Plaza0

r°aKCarter
^Rainbow

* AUq»>

,Poison

“ F a ir f a x

ia jl^ e X 4 Cobiel

Claud^^
Choteair

F la th e a d
elL a La

Icoeur’
]'«eotou</
l(
'
, jLeavenworth^#!
lAISburnr-v«:NATchEE
(IIvV-- COLUMBIARlVEI

dpKLaredo
<> M^Yeroua

Conrad
[Collins

-SprlngdaU\<^

Quilceni

Estevan'

CROSBY - y v
6R£AiRWlLOBoS£.

Elmira
|Point#

yCTORIA^fl

Stoughton

Wood Mountain

'Elko
z j Baynes

Sirdar

Milestone;

Fort Walsh

^ S tir lin g

'AioifieBi

:£GINA

Pasqua

Maple Creak

Dunmore

Kl|>o I

i.L a k e

MooseJaw'

.a th o n

J u n e , 1917.J

Toketie

RAILROAD COM PANIES
[For abbreviations, A c., see notes on first page]

Miles Date
Road Bonds

G r e e n e R R ( N e w Y o r k ) — S t o c k , g u a r ----------------------23
G r e e n v i l l e & W e s t e r n R R — 1 s t M $ 4 6 0 ,0 0 0 ------21
G r e e n w i c h & J o h n s o n v i l l e — 1st M $ 5 0 0 ,0 0 0 g . G . z o A r
21
G r o v e t o n L u fk in & N o r t h e r n R y — 1 s t M g o l d . . .
G u a n t a n a m o & W e s t e r n — 1 s t M $ 6 0 0 ,0 0 0 g o l d . C o l . x
G u l f F l a & A l a — R e c e i v e r s ’ c e r t i f i c a t e s $ 5 0 0 ,0 0 0 ------160
1 s t M $ 1 0 ,0 0 0 ,0 0 0 g o l d r e d 1 0 5 ________C o l . x c * & r *
G u l f L i n e — S e e H a w k ln s v i l le & F l o r id a S o u t h e r n K y
G u l f M o b ile & N o r R R — C o m m o n s to c k (v o t t r e tfs )
P r e f (p & d ) (v t c e rtfs ) 6 % , n o n -c u m fo r 3 y e a r s —
N e w m o r t g a g e $15 ,O O 0 ,O 0 0 a u t h o r i z e d _______________
G u lf & S h ip I s la n d — S t o c k ------------------------------------------------307
F ir s t R e f u n d a n d T e r m M g o l d s in k f u n d . N , x o * x A r *
S e r ia l d e b e n t u r e s g c a l l a t 105 ( $ 5 0 ,0 0 0 d u o y l y ) — y
O u lf T e r m . M o b i le — 1 s t M $ 7 0 0 ,0 0 0 g g u ( t e x t ) x o * A r *
99
G u lf T e x a s & W e s t — 1 s t M $ 1 0 .0 0 0 ,0 0 0 g r e d l 0 5 - M p x
H a m p d e n R R — F ir s t m o r t g a g e s e e t e x t ________
H a n c o c k & C a lu m e t — S e e M in e r a l R a n g e R R
H a n n ib a l & S t J o s e p h — S e e C h ic a g o B u r l i n g t o n & Q u i n o y
20
H a r r im a n & N o r t h e a s t e r n — F ir s t m o r t g a g e g o l d . - C e z
C a r t r u s t s d u e s e m i- a n n u a l ly ______________________
H a r r is b u r g P o r t s M t J & L a n e — See P e n n a R y .
124
H a r t f o r d & C o n n e c t i c u t W e s t e r n — S t o c a ------------124
F ir s t m o r t g a g e e x t e n d e d In g o l d In 1 9 0 3 ____________ z
44
H a w k i n s v & FI S o — 1 s t M $ 4 0 0 ,0 0 0 g o l d g u a r p & 1 .x
H a y t l a n A m C o r p — P r e f s t o c k 7 % s f d c a l l 110 c o n v
H e n d e r s o n B r i d g e C o — S e e L o u is v i ll e & N a s h v i ll e R R
4k
H ib e r n ia M in e R R — S t o c k ---------------------------------------H o c k i n g V a ll e y R y — S t o c k -------------------------------------119
C o lu m b u s & H o o k in g V a ll e y fir s t m t g e g o l d e x t .x o *
12 1
C ol & T o l 1st M g o ld e x t 1905 (V 8 1 p 2 1 1 )- -G .x o *
346
E q u i p n o t e s g o l d S e r E d u e $ 2 5 ,0 0 0 s - a ____________ x
do
do
do
d u o $ 110 ,0 0 0 a n n u a l !,
do
do
E q g S e r I d u e $ 2 5 ,0 0 0 s - a . . G . x c *
do
do
S e r o f 1 9 1 3 d u e $ 1 0 0 ,0 0 0 a n n _
do
do
S e r o f 1 9 1 4 d u e $ 8 0 ,0 0 0 a n n —

4 g
5 g
6 g

A
D J n o 19 1 9 1 7 3 %
&
J J u ly 1 1 9 3 4
J J a n 1 1924
A
J A J J a n l 1939
M A N 15 N o v 1 5 1 9 2 9

500 A c

$ 200,000
4 6 0 ,0 0 0
4 0 0 ,0 0 0
4 3 7 ,0 0 0
6 0 0 .0 0 0
2 5 0 ,0 0 0
4 ,4 1 0 ,0 0 0

5 g

J

100
10 0

1 0 ,8 2 2 ,5 0 0
1 1 ,3 4 4 ,4 0 0

100

7 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
3 5 0 ,0 0 0
6 0 0 .0 0 0
2 . 000,000

1,0 0 0
1,0 0 0

1 ,0 0 0 A c

1895

10 0 & o

3 0 0 ,0 0 0
1 0 8 ,0 0 0

100
1,0 0 0
1,0 0 0
100

2 ,9 6 7 ,0 0 0
7 0 0 ,0 0 0
6 0 6 ,0 0 0
5 ,5 0 0 ,0 0 0

1,000
1,000
1,0 0 0

100
100
1867
1875
1899
1915
1 90 7
1907
1 90 8
1 91 3
1914

500 A c

1,000
1 ,0 0 0 A o

1,000
1,000
1,000
1,0 0 0
1,000
1,0 0 0

Gross

Net after

Div.on

Dividend

Die. on

Bal.,

Year.
Earns.
Taxes. Deb. " A . ”
on Stock.
Deb. " B .”
Surp.
1 9 1 6 ______$ 8 5 0 ,0 7 1 $ 2 4 0 ,9 7 3 ( 5 ) $ 3 0 , 0 0 0 ( 5 ) 3 1 2 5 , 0 0 0 ( 1 % ) $ 7 0 , 0 0 0 $ 1 5 ,9 7 3
1 9 1 5 ........... 7 8 0 .4 2 3
2 0 7 ,5 3 3 (5 ) 3 0 , 0 0 0 (5 ) 1 2 5 ,0 0 0 ( k ) 4 3 , 7 5 0
8 ,7 8 3
D I R E C T O R S . — J . A . J o r d a n , P r e s . ; E d g a r P a lm e r , V . - P r e s . : C h a r le s W *
C o x ., S e c . & T r e a s ., 4 0 W a ll S t ., O . L e d y a r d B la ir , J . A . J o r d a n . H e n r y R .
T a y l o r , W . J . W i ls o n a n d F r a n k B . S e y m o u r o f G r e e n B a y , W i s . — ( V . 1 0 2 ,
p . 4 3 7 , 1 2 5 9 , 1 8 0 6 ; V . 1 0 4 , p . 4 5 1 , 1 3 8 7 , 1 4 8 3 .)
G R E E N E R R .— O w n s ro a d fro m C h en a n g o F o rk s t o G reen e, N . Y . t 8
m ile s .
L e a s e d t o D e la w a r e L a c k . & W e s t e r n t o r t e r m o f o h a r t e r f o r 6 % o n
• to o k .
S t o c k , $ 2 0 0 ,0 0 0 ; p a r , $ 1 0 0 .
G R E E N V I L L E & W E S T E R N R R . — O w n s G r e e n v il l e , S . O . . t o R i v e r v i e w , 2 3 m ile s .
V . 99, p . 406.
S t o c k , $ 5 0 ,0 0 0 ; p a r , $ 1 0 0 .
B on ds,
$ 4 6 0 ,0 0 0 6s ( C e n t r a l B a n k & T r u s t C o r p . , A t l a n t a , t r u s t e e ) , s e o t a b l o
abovo.
P r e s . , I t . A . M c T y c r ; T r e a s . , C a r l H . L e w i s , a ll o f A t l a n t a , G a .
— ( V . 1 0 1 , p . 2 1 4 4 .)
G R E E N W I C H & J O H N S O N V I L L E R Y . — O w n s f r o m S o h u y le r v l l le . N . Y . ,
t o J o h n s o n v il l e , N . Y . , 2 1 . 1 5 m . S t o c k , $ 2 2 5 ,0 0 0 , a li o w n e d b y D e l. & H u d ­
son C o.
V . 90, p . 790.
B o n d s , see ta b le a b o v e .
F o r y e a r e n d in g J u n e 3 0
1 9 1 5 , g r o s s , $ 1 1 5 ,2 2 2 ; n e t , $ 6 0 ,5 4 3 ; c h a r g e s , $ 3 9 ,9 7 6 : b a l . , s u r . , $ 1 1 ,7 6 2 .
F o r y e a r e n d i n g D e c . 3 1 1 9 1 6 , g r o s s , $ 1 4 2 ,1 3 1 : n e t , $ 7 6 ,9 6 4 ; c h a r g e s , $ 4 2 , ­
2 1 3 ; d i v . , $ 1 3 ,5 0 0 ; b a l . , s u r p . , $ 2 1 ,2 5 1 .
P r e s ., I . C . B la n d y , G re e n w ic h ,
N . Y .— ( V . 8 6 , p . 1 2 2 4 .)
G R O V E T O N L U F K I N & N O R T H E R N R Y . — O w n s V e l t c h t o V a lr , T e x . ,
2 1 . 1 5 m ile s ; t r a c k a g e , G r o v e t o n t o V e l t c h , 1 .2 5 m . , a n d V a lr t o L u f k i n ,
T e x . , 1 3 .6 m . ;
t o t a l , 3 6 m ile s .
S t o c k $ 5 0 ,0 0 0 ; p a r , $ 1 0 0 .
B on ds,
$ 4 3 7 ,0 0 0 ; s e e t a b l e a b o v e ( V . 9 0 , p . 1 0 9 ) .
F o r y e a r e n d in g J u n e 3 0 1 9 1 5 ,
g r o s s . $ 6 7 ,3 1 7 ; n e t . $ 2 2 ,1 7 6 ; c h a r g e s , $ 3 9 ,6 2 3 ; b a l . , d e f . $ 1 7 ,4 4 7 . P r e s . ,
J . S . J o y c o , C h ic a g o .
O f f i c e . G r o v e t o n , T e x . — ( V . 9 0 . p . 1 0 9 .)
GUANTANAM O

& W ESTERN

R R — Seo p a go 205 .

G U A Y A Q U I L & Q U I T O R Y . — S e e Is s u e o f A p r . 1 9 1 1 , V . 1 0 2 , p . 9 7 5 .
G U L F F L O R I D A & A L A B A M A R Y . — (S ee M ap.)— P e n s a c o l a , F l a . ,
t o a c o n n e c t i o n w it h t h e S o . R y . a t K i m b r o u g h , A l a . , 1 4 3 m . ; G a t e s w o o d ,
J e t . t o O w e n , 15 m . ; s i d in g s , 10 m . G o u l d i n g b r a n c h , 2 ) 4 m . ; t o t a l , 1 7 0 3 4 m .
B r o u g h t o n , A l a . , t o K i m b r o u g h , 5 0 m il o s , h e r e I n c lu d e d , w a s o p e n e d f o r
t r a f f i c in D e c . 1 9 1 6 .
V . 101, p . 6 1 4 ; p ie r s , & c ., P e n s a c o la ., V . 9 5 , p . 154 1:
V . 97, p . 1203.
E x t e n s i o n s p r o j e c t e d t o c o a l a n d m in e r a l t e r r i t o r y o f
N o rth e r n A la b a m a , V . 9 3 , p . 12 5 9 , 163; V . 9 5 , p . 4 1 9 ; V . 9 7 , p . 4 9 , 9 5 0 .
A u t h . s t k .. $ 1 ,5 0 0 ,0 0 0 5 % n o n -c u m . p f $ 6 ,0 0 0 ,0 0 0 c o m .; p a r. $ 1 0 0 .
I n M a y 1 9 1 7 F . E . D e w e y o f B o s t o n a n d P . D . B e a ll o f P e n s a c o l a w e r o
m a d e r e c e iv e r s in e q u i t y p r o c e e d i n g s b r o u g h t b y c r e d it o r s .
In terest on
1 s t M . 5 s w il l n o t b e p a i d J u l y 1 1 9 1 7 .
O n M a y 2 8 th e C o u r t a u th o riz e d
t h o is s u a n c e o f $ 5 0 0 ,0 0 0 r e c e iv e r s ’ c e r t i f i c a t e s , $ 2 5 0 ,0 0 0 t o b o is s u e d
w it h i n 3 0 d a y s .
V . 104, p . 2 1 1 7 , 2343.
Bondholders' Protective Committee.— G e o r g o C . V a n T u y l J r . , C h a ir m a n ,
P re s. M e t r o p o lit a n T r u s t C o ., N . Y . C it y ; J a m e s F . M c N a m a r a , S e c ’y ,
6 0 W a ll S t.
S e o c ir c u l a r V . 1 0 4 , p . 2 1 1 7 .
B O N D S .— A s t o th e 1st 5 s ($ 1 0 ,0 0 0 ,0 0 0 a u t h . is s u e ), s e o V . 9 3 , p .
163; V . 9 5 , p . 4 1 9 , 1541; V . 9 8 , p . 6 10 .
N E W O F F I C E R S ( o le c t e d in A p r i l 1 9 1 7 ) . — N e w t o n P . H u t c h i n s o n ,
P r e s i d e n t , w i t h o f f i c e a t P r o v i d e n c e , R . I . ; J o h n T . S t e e l e , F i r s t V i c e - P r o s .,
B u ffa lo , N . Y . ; W m . I I . K n o w le s , S e c o n d V ic e -P r c s ., P e n s a c o la , F la .;
P h i l i p S a w y e r , S e c ’y , E l m i r a , N . Y . ; F . S . S t r a n a h a n , T r e a s . , P r o v i d o n c o .
— ( W 1 0 1 , p . 6 1 4 , 1 8 9 9 , 2 3 4 3 .)
G U L F M O B I L E & N O R T H E R N R R . — O p e r a t e s 4 0 3 m il e s , v i z . : M o ­
b i le , A l a . , t o M i d d l e t o n , T e n n . . 3 6 9 m . ; B e a u m o n t , M i s s , t o H a t t i e s b u r g ,
2 7 m . ; E l l ls v i l lo J e t . t o E l l is v i l lo , M i s s . , 7 m ile s .
A n e x t e n s io n f r o m M i d d l e t o n . T e n n . , n o r t h e r ly t o J a c k s o n , T e n n . , 4 0
m ile s , is u n d e r c o n s t r u c t i o n , a t a n e s t im a t e d c o s t o f b e t w e e n $ 7 0 0 ,0 0 0 a n d
$ 8 0 0 ,0 0 0 .
M ile s o p e r a te d J u n o 3 0 1 9 1 6 , 4 0 2 .
V . 102, p . 1811.
O R G A N I Z A T I O N . — S u c c e s s o r J a n . 1 1 9 1 7 o f t h o N o w O r le a n s M o b i l o
& C h ic a g o R R . , f o r e c l o s e d A u g . 18 1 9 1 5 , p e r p l a n in V . 1 0 0 , p . 1 0 7 8 ; V .
103 , p . 22 3 8 ; V . 104. p . 2 56 , 7 6 4 .
B o t h c la s s e s o f s t o c k a r o t o b e v e s t e d f o r n o t o v e r 5 y e a r s i n v o t i n g t r u s ­
te e s , v i z ., J o h n W . F la t t e n , F r e d e rick W m . S c o t t , S a m u e l S . C a m p b e ll,
T . N e ls o n S t r o t h e r a n d A . I I . S . P o s t .
T h o p r e f . s t o c k is 6 % n o n - c u m f o r
l i r s t 3 y e a r s a n d c u m u l a t iv e t h e r e a f t e r .
O f th e n e w b o n d s th e c o m m it t e e m a y ca u s e s u ffic ie n t t o b o s o ld t o p r o ­
v id e th o c a s h re q u ir e m e n ts o f p la n , t o p a y fo r e x te n s io n s , & c ., o r m a y p r o ­
v i d e f o r s a m e b y is su e o f n o t e s o r o t h e r w i s e .
T h e r e a r e $ 3 3 ,0 0 0 o l d M o b i l o J a c k . & K . C . 1st 5 0 - y e a r ( n o t t a x - o x e m p t )
g o ld 5 s , d u e J u n e 1946; in t. J . & D .; C e n tra l T r u s t C o ., N . Y . , tru s te o .
E A R N I N G S . — 4 m o s . , ( 1 9 1 7 ....................G r o s s , $ 6 7 1 ,2 3 1 ; n e t , $ 1 6 3 ,2 9 9
Jan . 1 to A p r. 30.
\ 1 9 1 6 ................ . G r o s s ,
6 8 6 ,9 6 1 ; n e t ,
1 8 2 .5 0 9
E A R N I N G S .— Y e a r s e n d . J u n e 3 0 1916 a n d 6 m o s . t o D e c . 31 1 91 6:
June 3 0
Gross
Net, after
Other
Total
Rentals
Year—
Earnings.
Taxes.
Income.
Income.
Paid.
1 9 1 5 -1 6 ( y e a r ) ............... $ 2 , 0 3 9 , 1 3 4 $ 5 5 9 ,9 1 6
$ 1 0 0 ,3 2 6
$ 6 6 0 ,2 4 2
$ 2 7 ,9 0 8
1 9 1 4 -1 5 ( y e a r ) ............... 1 ,7 7 1 ,4 7 3
3 7 4 ,1 2 9
5 4 ,1 8 0
4 2 8 ,3 0 9
2 7 ,8 1 2
6 m o s . t o D e c . 3 1 T 6 $ 1 , 0 0 6 ,9 3 4
$ 2 6 1 ,7 0 4
$ 8 4 ,7 3 3 $ 3 7 2 ,0 4 2
$ 2 5 ,6 0 5
6 m o s . t o D e c . 3 1 ’ 15
9 8 8 ,3 4 4
2 7 6 ,4 7 6
4 2 ,4 0 5
3 1 8 ,9 9 1
5 4 ,1 1 0
Officers.— W . F . O w e n , P r e s .; J o h n W . P l a t t e n , C h a ir m a n ; I I . M . H o o d ,
V .- P r e s . a n d C o m p t .; I t . F . R ic k e r , A s s t , t o P r e s , a n d S e c .; E u g e n e H a r v e y ,
T r e a s .; W .H . D u f f e e , A s s t. T r e a s ., a n d C h a u n c e y I I . M u r p h e y , A s s t. S e c.
— ( ( V . 1 0 3 , p . 1 1 1 9 , 1 6 8 7 , 2 2 3 8 ; V . 1 0 4 , p . 1 6 3 , 2 5 6 , 5 5 9 , 9 5 2 .)
G U L F & S H I P I S L A N D R R . — O w n s fr o m G u lf p o r t , o n M is s is s ip p i S o u n d ,
G u lf o f M e x i c o , t o J a c k s o n , M is s ., 161 m . ' M a x l e t o M e n d e n h a ll , 1 0 4 .7 5
m . ; S a r a t o g a t o L a u r e l, 4 1 .7 5 m ile s ; t o t a l , 3 0 8 m ile s .
D I V I D E N D S .— 1903 to 1910, 4 %




y e a r ly ; 1 9 1 1 . 4 % ; 1912 & 1 9 1 3 , 2 % .

6
6

J
J
J

A

J J u ly 1 1961

Places Where Interest and
Dividends are Payable
D L & W , 90 W est St
C e n t B k & T r C o , A tla n ta
G u a ra n ty T ru st C o, N Y
C o lu m b ia T r u s t C o , N Y
D e fa u lt o x p e c t e d j ’l y l T 7

5

1902
1 91 6
1907
1909

1883
1902

Last Dividend
and Maturity

Rate
%

$10 0
1914
1904
1909
1909
1017
1911

When
Payable

Amount
Outstanding

Par
Value

E A R N I N G S . — 4 m o s . , ( 1 9 1 7 ................ . . . G r o s s , $ 2 4 9 ,1 1 1 ; n o t , $ 3 8 ,6 0 4
J a n . 1 t o A p r il 3 0 .
11 9 1 6 ......................... G r o s s ,
2 7 8 ,2 3 4 : n e t ,
7 4 ,2 6 7
R E P O R T f o r y e a r e n d i n g D e c . 3 1 1 9 1 6 In V . 1 0 4 , p . 1 8 0 6 .

Cal.

[Vol. 104.

RAILWAY STOCKS AND BONDS

62

5 g
6 g
4 g
5 g

J
M
J
M

110 ,0 0 0

5 0 .0 0 0
7 0 0 .0 0 0
5 6 0 ,0 0 0

J
N
J
N

J u ly l5 1913 1 %
F e b 1 1952
M a y 1 91 8 t o '2 4
J a n 1 1957
N o v l 1939
3 0 years

B u ffa lo , N Y
M e t r o p o li t a n T r C o , N V
B a n k ers T r C o , B u ffa lo
F r a n k lin T r u s t C o , N \
M e t r o p o li t a n T r C o , N Y

6g

J

5

J

2

F A A 31 A u g 3 1 1 9 1 7 1 % H a r t f o r d
do
J
A
J J u ly 1 1923
U n io n S B & T r C o . C ln
A
A
O A p r I 1952
N ow Y ork T ru st C o, N Y
See te x t
Q -J

4k
* g
7

A
&

J J a n 1 1921
D T o Ju n e 1924

O A p r 1 1917 l k
A
&
D J u n e 3 0 '1 7 2 %
A
A
O O ct 1 1948
g
F
A Aug 11955
A
g
A
J J u ly 1 1999
k g J
M A
N N o v 1 1917
g
F
A A u g 1917
A
J
&
J J u ly 1 5 . 1917
4 g F A A 15 F e b 1 5 1 9 1 8
F
<fc A T o A u g 1 1 9 2 3
5
F Sc A T o F o b 1 1 9 2 4
4k

A
200 ,00 0
3
1 1 , 000,000 S e e t e x t J
1 , 4 0 1 ,0 0 0
2 ,4 4 1 .0 0 0
1 6 ,0 2 2 .0 0 0
4 , 0 0 0 .0 0 0
2 5 .0 0 0

Q -J
A
A
A
A

4
4
4
5
4
5

C e n tr a l T r u s t C o , N Y
U n io n S B & T r C o , C i n e

S e e C e n t r a l o f 'N c w J e r s e y
J P M o r g a n & Co, N Y
do
do
do
do
do
do
71 B r o a d w a y , N Y
E m p ir e T r u s t C o . N Y
.1 P M o r g a n & Co
G u a ra n ty T ru st C o, N Y
(C o m m e r cia l T r C o ,P h il,
\ a n d 71 B w a y , N Y

B O N D S . — O f t h o f ir s t 5 s o u t s t a n d i n g In J u l y 1 9 1 6 , $ 8 5 0 ,0 0 0 b o n d s w e r e ,
In s k g . f d . ( b o n d s n o t c a l l a b l e ) . S e e V . 7 4 , p . 4 2 6 , a n d a p p l i c a t i o n t o l is t .
V . 7 4 , p . 1 2 5 7 ; V . 8 1 , p . 2 6 4 . O f t h o G e n . & R e f . s e r ia l 6s o f 1 9 1 1 ( $ 1 ,0 0 0 .0 0 0
a u t h . I s s u e ), $ 2 0 0 ,0 0 0 e a c h w e r e p a id in A p r i l 1 9 1 3 , 1 9 1 4 , 1 9 1 5 a n d 1 9 1 6 .
V . 92, p . 460.
I n 1 9 1 6 $ 3 5 0 ,0 0 0 s e r ia l 6 % d e b e n t u r e s w o r e is s u e d ,
E A R N I N G S .— 6 m o s . , ( 1 9 1 6 ................. . . G r o s s , $ 1 , 0 0 0 , 2 9 1 ; n e t , $ 3 0 7 ,6 6 8
9 7 8 ,3 1 1 ; n e t ,
4 0 3 ,9 2 8
J u ly 1 t o D e c . 3 1 .
\ 1 9 1 5 ------------------ G r o s s ,
F o u r m o n t h s , J a n . 1 t o ( 1 9 1 7 ____________ G r o s s , $ 6 3 8 ,4 4 5 ; n e t , $ 1 7 2 ,7 5 5
6 5 9 ,2 6 8 ; n e t ,
2 4 0 ,9 4 2
\ -------1 9 1G____________ G r o s s ,
A p r il 3 0 .
R E P O R T . — F o r f i s c a l y e a r e n d in g J u n o 3 0 1 9 1 6 , V . 1 0 3 , p . 1 7 8 8 .
Years end. June 3 0
Gross.
Net.
Other Inc. Charges. Bal., Stir.
1 9 1 5 - 1 6 . . ..................... . $ 1 , 9 6 4 , 1 7 7
$ 7 3 8 ,4 7 7
$ 1 6 ,9 8 2
$ 3 4 1 ,4 4 3
$ 4 1 4 ,0 1 6
1 9 1 4 -1 5 ............................- 1 .6 3 3 ,0 0 6
4 2 9 ,5 8 4
3 1 ,4 8 8
3 4 0 .0 6 9
1 2 1 .0 0 3
P r e s . , M r s . M e l o d l a B . J o n e s , B u f f a l o , N . Y . — ( V . 1 0 3 , p . 4 0 6 , 1 4 1 3 , 1 7 8 8 .)
O U L F T E R M I N A L C O ., M O B I L E . — O w n s u n io n p a s s e n g e r s t a t io n a n d
a p p r o a c h e s a t M o b i lo , A l a . , le a s e d b y t h o S o u t h e r n R y . a n d M o b i l e & O h io
R R . , w h ic h o w n t h e s t o c k a n d g u a r a n t e e t h e b o n d s . J o in t ly a n d s e v e r a l ly
p . & 1.. b y e n d . F r a n k lin T r u s t C o . . N . Y . t Is m t g e . t r u s t e o . — V . 8 4 , p . 5 0 . *
G U L F T E X A S & W E S T E R N R Y . — S e y m o u r t o S a l e s v i ll o , T e x . . 9 9
m ile s ,
n a s t r a c k a g e a g r e e m e n t f o r f r e i g h t t r a in s t o W e a t h e r f o r d , 3 1 m . ,
a n d f o r p a s s e n g e r t r a in s t o M in e r a l W o lls , 9 m . , g i v i n g e n t r a n c e v i a W e a t h .
M in e r a l W e lls & N . W . a n d T e x a s & P a c i f i c t o D a ll a s a n d F o r t W o r t h .
S t o c k a u t h . , $ 5 0 0 ,0 0 0 ; o u t s t ’g J u n o 1 9 1 7 $ 2 5 0 ,0 0 0 ; p a r o f s h a r e s . $ 1 0 0 .
O f t h e first 5 s ( $ 1 0 ,0 0 0 ,0 0 0 a u t h . i s s u e ) , 5 2 ,0 0 0 , 0 0 0 h a v e b e e n Is s u e d o n t h e
f ir s t 9 9 m il e s .
V . 8 9 . p . 9 9 3 .1 2 2 3 ; V . 9 0 . p . 109; V . 9 3 , p . 4 4 ; V . 9 9 . p . 4 0 6 .
L o a n s a n d b ills p a y a b l e D o ’ . 3 1 1 9 1 6 , $ 5 2 9 ,5 2 7 ; c a r t r u s t s , n o n o .
Y ea r end­
in g D e c . 3 1 1 9 1 6 (1 3 0 a v e r , m il e s ) , g r o s s , $ 1 8 8 ,8 6 7 ; o p e r . d e f . , $ 3 5 ,5 3 8 ;
b o n d i n t . , $ 1 0 0 ,2 1 6 ; r e n t a l s , A c . , $ 1 3 ,3 5 3 ; b a l . , d e f i c i t , $ 1 4 9 ,1 0 8 .
P r e s .,
J . J . J e r m y n , S c r a n to n , P a .; S e c . & T r e a s ., W . F ra n k K n o x ; D a lla s , T e x .,
— ( V . 9 9 , p . 4 0 6 .)
H A M P D E N R R . C O R P O R A T I O N .— See p a g o 20 5 .
H A R R I M A N & N O R T H E A S T E R N R R .— n a r r lm a n t o P e tr o s , T e n n ., 2 0
m ile s .
I n N o v . 1 9 0 2 e n t ir e ( $ 6 0 0 ,0 0 0 ) s t o o k a c q u i r e d in I n t e r e s t o f C I n o .
N e w O r le a n s & T e x . P a o . R y . . b u t Is o p e r a t e d s e p a r a t e l y .
V . 7 6 , p. 157.
D I V I D E N D S .— In 1 9 0 7 ,4 % ; 1908, 2 k % ( 1009, 2 % ; 1910 t o 191 4, In ch ,
n on e; 1915, 3 % ; 1916. 3 % .
Y e a r t o J u n o 3 0 1 9 1 6 , g r o s s , $ 1 0 1 ,9 1 8 ; n o t ,
$ 2 7 ,5 4 0 ; o t h e r I n c o m e , $ 2 3 ,4 9 2 ; i n t . , r e n t a l s , & c . , $ 2 8 ,6 2 8 ; d l v s . ( 3 % ) ,
$ 1 8 ,0 0 0 ; b a l . , s u r ., $ 4 , 4 0 2 . — ( V . 7 6 , p . 2 1 2 .)
H A R R IS B U R G P O R T S M O U T H M T . J O Y & L A N C A S T E R R R .—
I n M a r . 1 9 1 7 c o n s o l i d a t e d w i t h P e n n . R R . C o . — ( V . 1 0 4 , p . 1 6 3 , 1 1 4 5 .)
H A R T F O R D & C O N N E C T I C U T W E S T E R N R Y . — H a r t f o r d . C o n n ., t o
R h ln e c l l lf , N . Y . , 1 1 0 m ile s , a n d b r a n c h . 14 m ile s .
L e a s e d t ill A u g . 1 9 4 0
t o C e n tr a l N e w E n g la n d R y . ( n o w c o n t r o l l e d b y N e w Y o r k N e w H a v e n &
H a r tfo r d R R . ) , th e r e n ta l p a y in g ch a r g e s a n d 2 % o n s t o c k .— ( V .8 3 .P .1 2 9 0 .)
H A W A I I C O N S O L I D A T E D R Y „ L T D . — O w n s P a a u i li o t o P u n a .
T . I I . , 5 7 m ile s ; O la a M i l l t o G l e n w o o d , 17 m . ; b r a n c h e s , 7 m . ; t o t a l , 8 1
m ile s .
S u c c e s s o r in A p r i l 1 9 1 6 o f H il o R R . , s o l d u n d e r f o r e e l o s u r o a n d r e ­
o r g a n i z e d , p e r p l a n in V . 1 0 1 , p . 1 7 1 3 , 2 0 7 1 , w it h a u t h o r i z e d is s u e s a s f o l ­
lo w s : (a ) $ 2 , 5 0 0 , 0 0 0 1 st M . 5 s ; ( 6) $ 2 ,5 7 5 ,0 0 0 7 % c u m . f ir s t p r o f , s t o c k
(c) $ 6 7 9 ,9 6 0 6 % n o n - c u m . 2 d p r o f , s t o c k ; (d ) $ 4 0 0 ,0 0 0 c o m m o n s t o c k .
R e p o r t in V . 1 0 3 , p . 2 4 2 6 , s h o w e d : F o r 4 m o s . e n d . J u n o 3 0 1 9 1 6 , g r o s s ,
$ 1 7 7 ,4 0 6 ; n e t , $ 8 6 ,0 9 9 ; I n t e r e s t , $ 2 9 ,3 7 0 ; t a x e s , r o n t s , & c . , $ 4 , 2 0 8 : b a l .
d e f . . $ 5 2 ,5 2 1 .
P r e s . , J . R . G a l t , H o n o l u l u , T . I t . — ( V . 1 0 3 , p . 2 4 2 6 .)
H A W K IN S V IL L E & F L O R I D A S O U T H E R N R Y .— W orth to I la w k i n s v i ll o , G a . . 4 3 m ile s ; A s h b u r n t o C a m i l la , 5 0 m il e s .
V . 9 7, p . 175, 3 65 .
S t o c k , $ 1 0 0 ,0 0 0 . a c q u i r e d In A p r . 1 9 0 4 b y G e o r g i a S o u . & F l o r i d a , w h ic h
g u a r a n t e e s b o n d s (s e o t a b l e a b o v o ) . p r in . & I n t .
V . 9 7 , p . 175, 365.
F or
y e a r e n d i n g J u n o 3 0 1 9 1 6 , g r o s s . $ 1 2 3 ,9 6 7 : n o t , $ 1 4 ,3 7 2 ; o t h e r i n c o m e ,
$ 4 ,7 9 9 ; i n t .. t a x e s , & c . , $ 5 3 ,2 0 6 ; b a l . , d e f . , $ 3 4 ,0 3 5 .
P r o s ., J . B .M u n s o n ;
T r e a s . , W . P . H o p p e r , M a c o n , G a . — ( V . 9 7 , p . 1 7 5 , 3 6 5 .)
H A Y T I A N A M E R IC A N C O R P O R A T I O N .— O R G A N I Z A T I O N .— In c o r p . In N . Y . o n J a n . 8 1 9 1 7 w it h a v l o w t o d e v e l o p i n g t h o r o s o u r c o s o f
t h o I s la n d o f I l a y t l a n d a c q u i r e d (p o r p l a n In V . 1 0 3 , p . 1 4 5 , 3 1 8 ; V . 1 0 4 ,
p . 4 5 1 ) t h o c o n t r o l o f t h o 5 5 - m il o r a i lr o a d , o l o c t r i c l ig h t p l a n t , w h a r f a n d
w a r e h o u s e s in P o r t a u P r i n c e , t h o c a p i t a l a n d p r i n c i p a l s o a p o r t , a n d t h o
c o n t r o l , t h r o u g h b o n d a n d s t o c k o w n e r s h ip , o f t h o o l o c t r i c l ig h t p r o p o r t y
a t C a p H a it ie n ; a n d p r o p o s e s t o c u l t i v a t e a n d g r i n d s u g a r c a n o , p r i n c i p a l l y
In t h o fe r t i l e p la in s o f C u l d o S a c a n d L o o g a n o , w h e r e i t h a s o b t a i n o d c o n t r o l
a n d o w n e r s h ip o f o v e r 20,000 a c r e s , a n d is i n s t a llin g a s u g a r f a c t o r y w i t h a
c a p a c i t y o f 2,000 t o n s a d a y .
Capitalization (No bonded debt without consent of 7 5 % of preferred stock)
P r e f . ( a . & d . ) s t o c k (p a r $ 1 0 0 ) .
C o n v e r t i b l e i n t o c o m m o n s lia r o
fo r sh are.
S in k in g f u n d b o g ln s in 1 9 2 0 .
I s s u e d , $ 5 ,5 0 0 ,0 0 0 :
r e s e r v e d , $ 5 0 0 ,0 0 0 (s e e o f f e r i n g , V . 1 0 4 , p . 4 5 1 ) -------------------------$ 6 , 0 0 0 ,0 0 0
O r d in a r y c o m . s t o c k ( w i t h o u t p a r v a l . ) , 2 , 5 0 0 s h s . h o l d In t r e a s . 6 0 , 0 0 0 s h s .
F o u r n ie r s ’ s t o c k ( w i t h o u t p a r v a l u e ) _________________________________ 6 0 ,0 0 0 s h s .
D I V I D E N D . — N o . 1, l 1 - 6 % , p a id A p r . 1 1 9 1 7 ; o n p r e f ., fo r 2 m o s . t o
A p r. 1.
V . 104, p . 1387.
E S T IM A T E D
ANNUAL
NET
E A R N I N G S .— O f p u b lic u t ilit ie s ,
$ 3 8 5 ,0 0 0 ; s u g a r p r o p e r t y , w i t h s u g a r s e l li n g a t 2 . 7 3 c . ( a v e r . 10 y e a r s ) ,
S 9 5 4 .5 4 0 ; t o t a l $ 1 , 3 3 9 , 5 4 0 .
....................
D ir e c t o r s : P . W . C h a p m a n , W . K . D i c k , C . E d g a r E l l i o t t , G o o r g e
E . T u r n u r o a n d E d w a r d I I . Y o r k , A c . — ( V . 1 0 4 , p . 2 5 6 , 1 3 8 7 .)
H I B E R N I A M I N E R R . — O w n s R o o k a w a y t o H ib e r n i a M in e s , N . J . .
4 . 2 m „ le a s e d t o C e n t , o f N . J . t o O c t . 1 9 3 0 a t $ 6 ,0 0 0 y l y . — ( V . 9 1 , p . 1 7 6 6 .)
H O C K I N G V A L L E Y R Y . — T h e c o m p a n y ’ s m a in lin e e x t e n d s fr o m
R o c k w e l l t o C o l u m b u s , 1 1 9 .6 m ile s ; C o l u m b u s t o A t h e n s , 7 5 . 6 m . ; O ld t o w n t o P o m e r o y , 8 0 . 6 i n .; t o t a l m a in l in e , 2 7 5 .8 m ile s , w it h t r a c k a g e
(T o le d o T e r m . I i R .) T o le d o t o W a lb r id g o , 3 .6 m .; ( L . S . & M . S . R y . ) ,
T o l e d o t o R o c k w e l l , 2 . 5 i n .; ( P . O . O . & S t . L . K y . ) C o l u m b u s , O . , .6 m . ;
t o t a l m a in l in e a n d t r a c k a g e , 2 8 2 .4 m ile s .
B r a n c h e s , 4 5 . 4 i n .; le a s e s W . A
J . B . I t y . . D u n d a s t o J a c k s o n a n d b r a n c h e s , 1 7 .8 m . : P o m e r o y B e l t R y . ,
P o m e r o y , O . , 4 m . ; t o t a l , 3 4 9 .0 m ile s ; s e c o n d t r a c k , 5 3 . 8 m il e s .
Owns
p a r t In t e r e s t In T o l e d o T e r m i n a l R R . V . 9 9 , p . 1 2 1 0 .

J une , 1917.]

RAILWAY STOCKS AND BONDS

RAILROAD CO M PAN IES
[For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

24
H o u s B e lt & T e r — 1 st M 5 5 . 0 0 0 , 0 0 0 g r e d 1 0 5 t e x t C e x o
H o u s & B r a z o s V a ll e y — 1 s t M (t r u s M e r o T r C o . S t L )
2C
H o n s B & VV T e x a s — 1 st M g u p & 1 b y S o P a o . l '
1 1911
J
t
453
453
55
106
41
9-1
C u t - o f l 1 st M 5 3 ,0 0 0 ,0 0 0 a u t h ( V 9 4 . p 1 3 1 ) _
___
H u d s o n C o m p a n ie s — C o m m o n s t o c k $ 5 , 0 0 0 ,0 0 0
___
P r e l 7 % c u m a n d p a r t l o s e e t e x t $ 1 6 ,0 0 0 ,0 0 0 .
S e c u r e d n o t e s -------------------------------------------------------------------- x
. ..
---------------------------------------------------------------------do

1892
1907
1907
1893
1893
1890
1890
1900
1891
1885
1910

Par
Value

Amount
Outstanding

$ 1 ,0 0 0
1 ,0 0 0
100
1 ,0 0 0
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 000
1 ,0 0 0
100
100

1913
1916

Hudson & Manhattan (Hudson River Tubes)—

C o m m o n s t o c k v o t i n g t r u s t c e r t i f i c a t e s --------------------P r o f s t o c k 5 % n o n - c u m u l a t lv e v o t i n g t r . c e r t s ------N o w Y o r k & J e r s e y fir s t m o r t g a g e r e d 1 1 0 . ( I . x o *
F ir s t m o r t g a g e c o n v e r t i b l e ___________________G .x c * & r
F i r s t lio n & r o f M $ 6 5 ,0 0 0 ,0 0 0 g r e d 1 0 5 - C e x c * & r *
A d ju s t i n c M $ 3 3 ,5 7 4 ,0 0 0 r e d p a r c u b e g ’ 2 0 G x c * & r .
R e a l e s t a t e m o r t g a g e s ------------------ ---------- - ..........................
O a r t r u s t s $ 4 6 ,0 0 0 d u e s e m l- a n n ( V 8 8 , p 6 2 4 ) . . G z
C a r t r u s t s s e r B g d u e $ 2 5 ,0 0 0 s - a ( V 9 1 . p 1 2 5 3 )G z .o *
C a r t r u s t s e r O d u e $ 2 1 ,0 0 0 s - a ( V 9 2 . p 1 0 2 5 ) - - G z
H u n t i n g d o n & B r o a d T o p — C o m m o n s t o c k ------P r e f e r r e d s t o c k 7 % n o n - c u m u l a t l v e _________
F i r s t M e x t e n d e d In 1 8 9 0 (In t o n l y In g o l d ) — G P x
S e c o n d M o l d 7 s e x t e n d e d In 1 8 9 5 p <5c 1 g o l d — G P x
T h ir d M c o n s o l e x t e n d e d In g o l d In 1 8 9 5 - G P . x o *
C ar tru s ts g o ld d u e $33 0 0 0 y e a r ly (V 8 4 ,p 1 4 2 4 - x

___
___
___

_____
1902
1907
1913
1913

—
___
1909
___
1910
- - - 191 1
7 2 ____ _
72
72, 1 8 5 4
72 1857
72 1865
1907

100
100
1 ,0 0 0
$ , £ o r fr
100 & c
500 & c
1 .0 0 0
1 .0 0 0
1 ,0 0 0
50
50
600
500
1 ,0 0 0
1 ,0 0 0

H I S T O R Y . <So.— S u c c e s s o r F e b . 2 5 1 8 9 9 . p e r p la n V . 6 8 . p . 2 3 1 , o f
C o lu m b u s H o c k i n g V a ll e y & T o l e d o R y . f o r e c l o s e d .
T h e c o a l la n d s a g g r e ­
g a t e a b o u t 2 0 ,9 7 5 a c r e s , a n d a r e c o v e r e d b y t h e c o n s o l i d a t e d m o r t g a g e ,
p a r t l y b y d i r e c t lie n a n d p a r t l y b y p l e d g e d s e c u r it ie s .
D I V S .—
f ’ 0 1 . ’ 0 2 -’ 0 6 .
'0 7 . ’ O S-’ IO . ’ l l . T 2 . T 3 . ’ 1 4 . T 5 . T 6 . T 7 .
4 y r iy .
7
7W 1 2 a 7
3
4 2 ,—
P e r c e n t ______ 1 t ) 4 3 y r l y . 3 ) 4
S T O C K .— C h e s a p o a k e & O h io R y . o w n s $ 8 ,8 2 5 ,9 0 0 s t o c k .
B O N D S . — T h e c o n s o l s ( $ 2 0 , 0 0 0 , 0 0 0 a u t h o r i z e d ) , b e s id e s a lie n o n t h e
e n t ir e p r o p e r t y , s u b j e c t o n l y t o $ 3 , 8 4 2 , 0 0 0 p r io r b o n d s , h a v e a fir s t lie n o n
a ll t h e c o a l la n d s ; $ 3 ,8 4 2 ,0 0 0 c o n s o l s a r e r e s e r v e d t o r e t ir e t h e e x i s t i n g b o n d s
(th e la tte r m a y b e e x te n d e d a t m a t u r it y ).
V . 7 2 , p . 3 3 8 ; V . 7 4 , p . 1038;
V . 86, p . 229.
S u b s t a n t ia l l y a ll o f t h e b o n d s a n d s t o o k o f t h e O h io L a n d
<& R y . C o . a n d t h o W c l l s t o n Sc J a c k s o n B e l t R y . , 1 8 m il e s , w e r e d e p o s i t e d
u n d e r s a id m o r t g a g e , b u t s o o V . 1 0 1 , p . 3 7 0 .
V . 68, p , 823.
N . Y . C e n tr a l R R . h a s ta k e n u p a t p a r d e p o s ite d b o n d s o f K a n . & n o c k ­
in g C o a l & C o k e a n d C o n tin e n t a l C o a l C o .; se e V . 1 0 3 , p . 1 8 9 0 , 2 3 4 0 ,
23 4 7 ; V . 104, p . 2 2 2 4 , a n d S u n d a y C reek C o ., V . 8 7 , p . 8 1 5 ; \ . 8 8 , p . 1135;
V . 01. p . 1236.
N o te s see V . 101 . p . 1189; V . 9 9 . p . 136 b, 152 8.
In N o v .
1 9 1 6 U . S . C o u r t a u t h . t h o c o . t o d i s p o s e o f it s 2 , 5 0 0 s h a r e s o f B u c k e y e C o a l
& R y . C o . a n d 2 ,0 0 1 s h a r e s a n d $ 1 , 3 1 2 , 0 0 0 In b o n d s o f t h o O h io L a n d &
R y . C o . t o J o h n S . J o n e s o f C h ic a g o .
V . 103. p . 1888. 2 4 2 9 : V . 102, p .
2 1 6 7 ; V . 101, p . 1370.
L o a n s a n d b i ll s p a y a b lo D o c . J 9 1 6 . $ 7 9 2 ,8 9 3 ; c a r
t r u s t s o u t s t a n d i n g , $ 1 ,6 8 3 ,0 0 0 .
E A R N I N G S . — 4 m o s „ ( 1 9 1 7 ..................G ro ss, $ 2 , 7 7 5 , 6 3 8 ;
n o t , $ 5 8 1 ,6 9 1
Jan . 1 to A p r. 30.
\ 1 9 1 6 ..................G r o s s ,
2 ,0 7 5 ,0 3 0 ; n e t ,
2 9 1 ,8 3 0
A N N U A L R E P O R T . — T r a f f i c is m o s t l y f r e i g h t , a n d o v e r 7 0 % o f t h is Is
b i t u m in o u s c o a l .
A v e r a g e r e v e n u e t r a in -l o a d Is la r g e — In 1 9 1 6 , 1 ,2 0 4 t o n s ,
l t o p o r t f o r c a l . y e a r 1 9 1 6 In V . 1 0 4 , p . 2 2 2 4 , 2 2 4 9 .
— Y e a r s ending Dec. 3 1 ---------- Years ending June 3 0 —
1914.
1916.
1915.
1913.
$ 7 ,0 2 1 ,1 4 5
$ 6 ,4 4 1 ,4 4 5
O p e r a t in g r o v o n u o ______ $ 8 , 2 0 0 , 4 2 0
$ 7 ,8 1 7 ,6 4 4
$ 1 ,7 6 6 ,2 6 3
O p o r . i n c . ( a ft o r t a x e s ) . $ 2 , 0 1 1 , 4 3 8
$ 1 ,9 5 7 ,4 0 9
$ 2 ,3 5 5 ,9 0 1
3 3 7 ,9 8 2
O t h e r i n c o m e ( n o t ) _____
5 7 6 ,9 7 7
1 4 0 ,3 9 7
6 7 4 ,6 7 4
G r o s s c o r p . I n c o m o .. $ 2 ,5 8 8 ,4 1 5
I n t e r e s t o n d e b t ___________ $ 1 ,2 1 2 , 2 8 8
D i v i d e n d s _______________ ( 4 % ) 4 3 9 , 9 8 0

$ 2 ,1 0 2 ,8 0 6
$ 1 ,3 6 0 ,4 3 2
( 4 ) 4 3 9 ,9 8 0

$ 2 ,1 0 4 , 2 4 5
8 3 ,0 .3 0 ,5 7 5
$ 1 ,1 4 8 ,5 0 3
$ 1 , 1 1 4 170
( 8 ) 8 7 9 , 9 6 0 (1 1 )4 )1 2 6 4 9 4 3

B a l a n c o , s u r p l u s ______
$ 9 3 6 ,1 4 7
$ 3 1 2 ,3 9 4
$ 7 5 ,7 8 1
$ 6 5 1 ,4 6 2
O F F I C E R S . — C h a ir m a n o f B o a r d , F r a n k T r u m b u l l , N o w Y o r k ; P r e s . ,
G e o . W . S te v e n s , C o lu m b u s , O .; S e c ., C a rl R e m in g t o n ; T r o a s ., J a s .
S tcu a rt M a c K io , N ow Y o rk .
D I R E C T O R S . — F ra n k T r u m b u ll (C h a ir m a n ), F . H D a v is , O . E . G r a ­
h a m , H . E . H u n t in g t o n a n d J e r e m ia h M i l b a n k , N . Y . ; G e o . W . S t e v e n s
R ic h m o n d , V a .;J . B . Z e r b e , C le v e la n d ; F . R . H u n t in g t o n , S . P . B u s h , R .S .
W a r n e r a n d M . J . C a p le s , C o l u m b u s , O . ; C l a r e n c e B r o w n , F . J . R e y n o l d s
T o l e d o , O . — ( V . 1 0 4 , p . 6 6 3 , 2 2 2 4 .)
H O O S A C T U N N E L & W I L M I N G T O N R R .— See p a g e 2 05 .
H O U S T O N B E L T & T E R M I N A L R Y . — O w n s a t e r m in a l lin e In a n d
a r o u n d H o u s t o n , T e x . , 2 0 m ile s , w it h la r g e f r e i g h t a n d p a s s e n g e r t e r ­
m in a ls .
C o n tr o lle d b y fo u r p r o p r ie ta ry r o a d s , v iz ., B e a u m o n t S o u r L a k e
Sc W e s t e r n R y . , G u l f C o l o . & S a n t a F e ( A t c h i s o n S y s t e m ) , S t . L o u is
B r o w n s v i l l e & M e x i c o R y . a n d T r i n i t y & B r a z o s V a ll e y R y . , w h ic h e a c h
o w n 2 5 % o f t h o $ 2 5 ,0 0 0 s t o c k a n d , u n d e r t h e t e r m s o f a n a g r e e m e n t d a t e d
J u l y 1 1 9 0 7 , a g r e o t o p a y , u n d e r a p r o r a t a w h e e la g e b a s i s , o p e r a t i n g e x ­
p e n s e s , a n d , o n a o n o -r o u r th b a s is , in t. o n b o n d s a n d a n n u a l s in k , fu n d o f
1 % o f b o n d s Issu ed.
T h o T e r m in a l C o . h a s le a s e d fr o m G u lf C o lo k
S a n t a F o R y . f o r 9 9 y e a r s f r o m J u l y 1 1 9 0 7 a ll o f Its p r o p e r t y In H o u s t o n
T e x . , a n d t h o T o r m l n a l C o . h a s a g r e e d t o p a y m o n t h l y r e n t a l a n d m a in t a in
t h e p r o p o r t y . — ( V . 9 6 . p . 6 5 2 ; V . 9 7 . p . 1 2 8 6 .)
a u u m a l u t a ,n

HOUSTON & BR AZOS VALLEY R R — See page 209'.
H O U S T O N E A S T & W E S T T E X A S R Y .— (See Map of Southern Pacific )—
O w n s f r o m H o u s t o n , T e x . , t o S a b in e R i v e r a t L o g a n s p o r t
101
S t o o k $ 1 ,9 2 0 ,0 0 0 , o f w h ic h $ 1 ,9 1 9 ,1 0 0 o w n e d b y S o . P a o ! c o ’ w h ic h hn^
g u a r a n t e e d S 2 ,5 3 6 .0 0 0 o f t h e b o n d s , p r ln . a n d i n t . . b y e n d o r s e m e n t
s e r v in g t h o r ig h t t o c a ll t h e m a t 1 0 5 & I n t .
V . 7 0 , p . 8 4 1 ; V . 71 n « « ’ r e "
D I v . , 1 6 % p a id In 1 9 0 2 -0 3 , 3 0 % In 1 9 0 7 -0 8 , 1 0 % In 1 9 0 9 1 1 0 U V m
1 9 1 1 -1 2 a n d 4 % 1 9 1 2 -1 3 . 1 9 1 3 -1 4 o u t o f a c c u m . s u r p . ; 1 9 1 5 -1 6 , 6 %
Y ear
1 9 1 5 -1 6 , g r a s s , $ 1 , 4 8 6 ,2 1 4 ; n o t , $ 4 0 3 ,1 2 3 : o t h e r i n c . , $ 6 6 ,9 5 4 ; c h a r g e s * 2 15 2 3 4 1 ; d l v s . ( 6 % ) , $ 1 1 5 ,2 0 0 ; s u r . , $ 1 0 2 ,6 3 6 .
I n 1 9 1 4 -1 5 , g r o s s $ 1 gh'l
n e t . $ 2 4 9 ,7 9 6 . — ( V . 1 0 3 , p . 1 2 1 0 .)
’
s°a ,
H O U S T O N & T E X A S C E N T R A L R A I L R O A D .— (See Map of Southern
Pacific.)— O w n s f r o m H o u s t o n , T e x . , t o D e n is o n . T e x . , 3 3 8 m iles* H e m r u
s t e a d , T e x . , t o L l a n o , T e x . , v i a A u s t i n , 2 1 5 m ile s ; B r e m o n d t o R o s s T e x
55 m . ; G a r r e t t t o F t . W o r t h . 53 m . ; M e x l a t o N e l l o v a , 9 4 m . ; G ld d in ir s t o
H e a r n e , 5 8 m . ; o t h e r , 4 3 i n .; t o t a l J u n o 3 0 1 9 1 6 , 8 5 6 m ile s
T rack a ge
r ig h t s o v e r S a n A n t o n i o Sc A r a n s a s P a s s f r o m G I d d in g s t o F l a t o n l a a s m
S T O C K . — s t o o k . $ 1 0 ,0 0 0 ,0 0 0 . o f w h lo h t h e S o u t h e r n P a c fio C o ow n e ri
$ 9 ,9 9 8 ,4 0 0 , p a r $ 1 0 0 .
V . 76, p . 1084. 1192. 1407.
I n 1 9 0 2 -0 3 (3% w m
p a i d o u t o f a c c u m . s u r p .; In 1 9 1 0 - 1 1 . 2 0 % ; 1 9 1 2 -1 3 . 3 % .
V . 76, p . HO™
B O N D S . — T h o I s t M 5 s a r e b e i n g g r a d u a ll y r e d u o e d w it h p r o c e e d s o f la n d
s a le s .
T h e first mortgage w a s f o r $ 8 ,6 3 4 ,0 0 0 .
B o n d s m a y b e c a lle d
a t 1 1 0 a n d I n t . w it h p r o c e e d s o f la n d s a le s .
S e e abstract o f m o r t g a g e In
V. 5 2 , p . 2 4 2 . W i t h t h o e x c e p t i o n o f $ 1 , 1 4 9 , 0 0 0 c o n s o l . M . 6 s ( o t f w h ic h
n o in t e r e s t is p a i d ) d e p o s i t e d w it h t h e t r u s t e e a s p a r t s e c u r i t y f o r t h e m in ­
e r a l 4 s , a ll o f t h e c o n s o l l d . 6s h a v e b e e n r o t lr e d w it h p r o c e e d s o f l a n d s a le s
S o u t h e r n P a c i f i c C o . o w n s $ 1 5 0 ,0 0 0 L a m p a s a s E x t e n s i o n in t e r b n 5 s a n d t h e
$ 2 , 3 8 3 , 0 0 0 c u t - o f f 6s . U n s o ld l a n d g r a n t J u n o 3 0 1 9 1 6 , 2 3 ,4 0 1 a c r e s .
E A R N I N G S .— 6 m o s . ,1 1 9 1 6 _______ G r o s s , S 4 .4 2 3 .2 1 0 ;
n ot,
J u ly 1 t o D e c . 3 1 .
\ 1 9 1 5 ..............G r o s s ,
3 ,6 2 2 , 7 4 5 ;
net
F o u r m o n t h s .—
11 0 1 7
C m co 49
m i.




$ 1 899 120
1 001 598
V x x l ’2 2 ?

$ 2 2 4 ,0 0 0
4 .6 6 7 .0 0 0
4 2 0 .0 0 0
2 .5 3 6 .0 0 0
4 6 4 .0 0 0
1 .4 1 7 .0 0 0
4 .1 6 1 .0 0 0
1 .1 0 5 .0 0 0
1 .9 2 0 .0 0 0
7 0 9 .0 0 0
2 .3 8 3 .0 0 0
5 .0 0 0 . 000
1 6 ,0 0 0 ,0 0 0
1 . 5 0 0 .0 0 0
4 5 0 .0 0 0

Rate
%

5 g

a*

When
Payable

M
J

M
J
J
J
F

&

5 g
5 g
5 g
4 g
6 g

5 g
6
6

3 9 ,9 9 4 ,8 9 0
5 ,2 4 2 ,1 5 1
5 .0 0 0 .
0 0 05 g
9 4 4 .0 0 0
4H g
3 7 ,3 9 4 ,7 3 4
5 g
3 3 ,1 0 2 , 0 0 0 U p t o 5
1 .1 1 5 ,5 0 0
1 8 4 .0 0 0
5
5 g
1 7 5 .0 0 0
5 g
1 8 9 .0 0 0
1 . 3 7 1 ,7 5 0
2 .0 0 0 .
000
4 1 6 .0 0 0
4 g
3 6 7 ,5 0 0
4 g
1 .4 9 7 .0 0 0
5 g
4 )4 g
1 7 0 .0 0 0

&
<Ss
&
&
&
&
&
&
&
&
&

63
Last Dividend
and Maturity

Sept
J u ly
J u ly
M ay
M ay
J u ly
O Apr
N M ay
J J u ly
D eo
June

1
1
1
1
1
1
1
1
1
1
1

1922
1937
1937
1933
1933
1937
1921
1930
1941
1925
1940

Feb
F eb
F eb
Feb

M
A

S e p t ’ 1 7 -S e p t T 9

&
&
&

&

O ld C o l o n y T r C o , B o s t o n
C e n tra l T r u s t C o , N Y
165 B r o a d w a y , N ew Y o r k
do
do
165 B r o a d w a y . N e w Y o rk
do
do
do
do
do
do
do
do
do
do

A A u g 1 1918
H a r v e y F i s k & S on sT N Y
J u l y 3 0 - A u g l ’ 17

F
& A
F
& A
F
&
A
See tex t
&
<fe
&
&
&

Places Where Interest and
Dividends are Payable

S

1
1
1
1

1932
1957
1957
1957

O O c t ’ 1 7 - O o t ’2 0
A A u g ’ 1 7 - A u g ’ 21
J Jan 28 1904 1%
J Jan 25 1908 3 )4
O S ep t 3 0 1920
A F e b 1 1925
O M ch 31 1925
O O c t ’ 1 7 - O c t ’ 21

G u a ra n ty T ru st C o . N Y
H .F i s k & S o n s . N Y & L o n
. do
do
N o in t p a id A p r il 1917
H a r v e y F is k & S o n s , N Y
G u a ra n ty T ru s t C o , N Y
do
do
do
do
P h lla o f f l c e . N o A m B ld 6
do
do
do
do
do
do
do
do
P h lla T r S D& I n s Co

H U D S O N C O M P A N I E S . — I n c o r p . J a n . 9 1 9 0 5 in N e w Y o r k .
H o ld in g
5 o ^ P ^ y^ ‘l r „If y d s ? n & M a n h a t t a n R R . C o . (s e e b e l o w ) .
O w n e d D e c . 31
3 ° f th e $ 5 ,2 4 2 ,1 5 1 H u d s o n & M a n h a tt a n R R . p r e f. a n d
$ 2 5 ,1 7 1 ,2 0 9 o f t h e $ 3 9 ,9 9 4 ,8 9 0 c o m . s t o c k .
A ls o o w n s $ 2 ,0 0 0 ,0 0 0 s t o c k o f
O E e o le y S q u a r e R e a l t y C o . , w h o s e b u i l d in g a t 3 3 d S t . a n d B ’ w a y , N . Y . . Is
l o a s e d t o G i m b o l B r o s . , $ 2 5 0 ,0 0 0 s u b o r d i n a t e in t e r e s t in t h a t c o m p a n y ’ s
f i r s t m o r t g a g e ( $ 5 ,5 0 0 , 0 0 0 h e l d b y M u t u a l L i f e I n s . C o . ) a n d S 3 6 2 7 0 0 0
o u t o f its $ 4 ,2 5 0 ,0 0 0 o u t s t a n d in g K e f. M t g e . 5 % b o n d s .
V . 104, p . 1800.
n ‘ 7 Q’ p Vr1.6 1 4 ’ 2f3 4 : V ’ 91 ’ P - 1 7 7 3 : V ; ®.8 ’ p - 7 4 8 1 1 2 7 : V - 9 6 - P - 1 9 7 ; V . 9 8 .
p * 7 3 ; T h e n o t e s a ro s e cu re d b y p le d g e o f p r a c t ic a lly a ll th o fo r e g o in g
e x co p t th e II. & M . p r o f, s to c k .
Plan.— T h o c o m p a n y M a y 1 1 9 1 7 is s u e d a p l a n ( V . 1 0 4 , p . 1 8 0 1 ) p r o ­
p o s i n g t o p r o v i d e f o r t h e o u t s t a n d i n g $ 1 , 9 5 0 , 0 0 0 6 % n o t e s d u e in 1 9 1 7 a n d
1 9 1 8 a s f o l l o w s : ( 1 ) T r a n s f e r a ll t h o G r e e l e y s t o c k a n d b o n d s o w n e d t o t h e
O r e e l e y - I I i i d s o n S e c u r it ie s C o . (a n e w c o m p a n y ) in e x c h a n g e f o r a ll o f t h o
f t t t o r s $ 2 , 0 0 0 , 0 0 0 s t o c k a n d $ 2 , 0 0 0 , 0 0 0 6 % s in k i n g f u n d n o t e s d u o M a y 1
1931 b u t c a l la b le a t 1 0 5 , s e c u r e d b y a ll p r o p e r t y t r a n s f e r r e d ; (2 ) h o l d e r s o f
t h o H u d s o n C o m p a n i e s ’ $ 1 6 ,0 0 0 ,0 0 0 p r e f . s t o c k t o h a v e t h o r ig h t t o s u b ­
s c r ib e t o r t h e n o t e s a t p a r a n d i n t . w it h 3 5 % in s t o c k ( a n d l a t e r I f t h e p l a n
g o e s t h r o u g h a s p r o p o s e d , a f u r t h e r a m o u n t u p t o p o s s i b l y t h e w h o le r e ­
m a i n in g 6 5 % ) , s u b s c r ip t i o n s p a y a b l o 2 5 % o n c a l l , 2 5 % 6 m o n t h s l a t e r a n d
5 0 % o n c a l l b e t w e e n J u n e 1 a n d A u g . 1 1 9 1 8 : (3 ) H u d s o n C o s . t o r e t a in i t s
i l . & M . R R . (m a jo r ity ) s t o c k s a n d a n y o f th o n o w G r e e le y s t o c k n o t u so d
in c o n n e c t i o n w it h t h e n o t e p a y m e n t s ; (4 ) t h e H u d s o n C o s . $ 5 , 0 0 0 , 0 0 0 c o m ­
m o n s t o c k t o b o c a n c e l e d ; (5 ) t h e $ 1 6 ,0 0 0 ,0 0 0 p r e f . s t o c k t o b e r e d u c o d a n d
1?
d ' j y a n d a ll a v a i l a b l e d i v i d e n d s f r o m t h e n e w G r e e l e y s t o c k a n d
1 1 . & M . H R . s t o c k o w n e d . I n J u n o 1 9 1 7 t h e p l a n w a s r e p o r t e d p r o g r e s s in g .
R E P O R T .— R e p o r t fo r c a le n d a r y e a r 191 6 V . 1 04 , p . 2 5 3 , s h o w e d t o t a l
i n c o m o , $ 1 4 7 ,8 9 6 ( a g a in s t $ 1 4 6 ,7 0 1 in 1 9 1 5 ); I n t . , t a x e s , & c . , $ 1 0 2 ,2 7 6 :
o a l . , s u r .* 5 4 5 ,6 2 0 .
O F F I C E R S . — W . G . O a k m a n , P r e s . ; W m . H e n r y B a m u m , V . - P . Sc
T r o a s .; W m . E v o r d e ll, S e c .; M . T . A r r o k , A s s t. S e c . & A s s t . T r o a s .
D ir e c t o r s : C h a s . F . A d a m s 2 d a n d G e o . C . L e e . B o s t o n ; W m . M .B a r n u m .
I lin y h is k O s « » r L . G u b e lm a n , W m . C . L a n e , W . G . O a k m a n , J o h n W .
S im p s o n , J o h n I . W a t e r b u r y , W m . H e n r y B a rn u m , J u liu s F . W o r k u m a n d
™ . E v e r d e li J r . , a ll o f N . Y . C i t y , a n d T r u m a n H . N e w b e r r y . D e t r o i t .
O f f i c e , 111 B r o a d w a y , N . Y . — ( V . 1 0 2 , p . 3 4 2 ; V . 1 0 4 , p . 2 5 3 , 1 8 0 0 .)
H U D S O N & M A N H A T T A N R R . — (See M a p .) — O w n s a n d o p e r a t e s
d o u b l e - t u b e e l e c t r i c t u n n e ls o p e n e d in 1 9 0 8 f r o m S ix t h A v e . a n d 3 3 d S t . .
N . Y . C i t y , u n d e r t h o H u d s o n R i v e r t o t h o D . L . 3c W . R R . s t a t i o n .
H o b o k o n . N . J . . a n d t h e n c e s o u t h w a r d l y t h r o u g h t h o E r i e a n d P e n n s y lv a n ia
R R . s t a t io n s in J e r s e y C i t y a n d u n d e r t h e H u d s o n R i v e r t o t h e H u d s o n
r c r m l n a l B u il d i n g s o n C h u r c h S t . ( o n e b l o c k w e s t o f B r o a d w a y ) , e x t e n d i n g
f r o m C o r t l a n d t t o F u l t o n S t . T o t a l d o u b l e - t r a c k t u n n e l in o p e r a t i o n 7 9 1
m il e s .
A ls o a ffo r d s t h r o u g h s e r v ic e b e tw e e n N e w a r k a n d N . Y . C i t y
u s in g P e n n . R R . t r a c k s f r o m J e r s e y C i t y t o N e w a r k .
V . 9 0 . p . 6 3 5 . 104 1*
V . 9 3 . p . 8 7 1 , 125 9, 1462; V . 9 4 . p . 1246; V . 100, p . 1340; V . 104 , p . 7 6 4 .
P . S . C o m m , h a s e x t e n d e d t h e t im e f o r b e g i n n i n g p r o p o s e d l in o f r o m 3 3 d
S t . t o O ra n d C e n tr a l T e r m in a l to J u ly 1 1 9 1 5 .
V . 98, p . 999, 1166, 1993.
O w n s H u d s o n T e r m in a l B ld g s . F a re s , se e V . 9 3 , p . 1 4 6 2 ; V . 9 4 , p . 1 5 0 7 .
S T O C K A N D B O N D S .— U n d e r th e r e a d ju s tm e n t o f J a n . 14 191 3 (w ith ­
o u t f o r e c l o s u r e ) ( V . 9 6 , p . 2 0 8 ) f ix e d c h a r g e s w e r e r o d u c e d f r o m $ 3 , 0 2 1 , 6 6 0
t o $ 1 ,8 5 1 ,7 5 0 .
T h e p la n w a s a s s e n t e d t o In 1 9 1 3 b y a b o u t 9 8 ) 5 % o f t h e
4 H % bon d s an d 9 5 )5 % o f stock .
A p p l i c a t i o n t o lis t , V . 9 8 , p . 3 9 3 - 8 .
First M . ( $ 6 5 , 0 0 0 , 0 0 0 Auth.) issued, 5 % c a l l, a n y I n t . d a t e a t 1 0 5 $ 3 6 ,7 6 5 ,1 3 4
R o s o r v e d (In te re s t r a to n o t t o e x c e e d 5 % ) f o r —
(1 ) R e t ir e m e n t o f N . Y . & J e r s e y R R . 1st 5 s , 1 9 3 2 , c a lla b le
1 1 0 ( $ 5 , 0 0 0 , 0 0 0 ) , 1 st M . 4 H s , d u e 1 9 4 7 . $ 9 4 4 ,0 0 0 c a r
t r u s t s d u e S e p t . 1 1 9 1 3 t o A u g . 1 1 9 2 1 ( $ 1 ,2 6 3 ,0 0 0 ) a n d
r e a l e s t a t e m o r t g a g e s ( $ 1 , 2 0 7 , 5 0 0 ) . n o t o v e r ________________
9 ,5 3 6 ,0 0 0
(2 ) A d d it io n s , b e t t e r m e n ts a n d e q u ip m e n t: a ls o fo r e x te n ­
s io n s f r e e f r o m p r i o r e n c u m b r a n c e s , p r o v i d o d t h e a n n u a l n e t
I n c o m o o f t h o c o m p a n y Is 1 H t im e s t h e I n t e r e s t u p o n t h e
n e w 1 s t M . b o n d s , l n c l . t h o s e t h e n a b o u t t o b e is s u e d , s a y . 1 2 ,6 9 8 ,6 9 6
(3 ) E x t e n s i o n t o G r a n d C e n t r a l S t a t i o n o n s a m e c o n d i t i o n s
6 ,0 0 0 , 0 0 0
Adjustment Income Mortgage Bonds— I n t . p a y a b l e o u t o f s u r p lu s
I n c o m e a n d c u m . f r o m J a n . 1 1 9 2 0 ( V . 9 6 , p . 2 0 9 ) , I s s u e d ______ 3 3 , 1 0 2 . 0 0 0
R e s e r v e d f o r e x c h a n g e f o r r e m a in in g 1 st M . b o n d s _________
472 000
T h o d e p o s i t e d s t o c k Is t o b e h e ld f o r 5 y e a r s In a v o t i n g t r u s t a n d
s o l o n g a s t h e a d j u s t m e n t b o n d s s h a ll n o t h a v e r e c e iv e d f u ll 6 % I n t . f o r t h o
p r e c e d i n g y e a r , t h e h o l d e r s s h a ll h a v e t h o r ig h t t o n o m i n a t e o r a p p r o v e
u p t o o n e le s s t h a n a m a j o r i t y o f t h e b o a r d .
V o t i n g t r u s t e e s : C h a r le s
F ra n cis A d a m s 2 d ., B o s t o n ; F e lix M . W a r b u r g a n d A lb e r t H . W ig g ln , N . Y .
I N C O M E I N T E R E S T . — In te re s t o n In c o m e b o n d s , 5 -6 o f 1 % fo r 5 m o s
r a t o 2 % y e a r l y , p a id O c t . 1 1 9 1 3 t o O c t . 1 9 1 6 , i n c l . ; b e g i n n i n g A p r i l 1 9 1 7 ,
n o n e p e n d in g e s t a b l is h m e n t o f $ 1 , 000,000 r e s e r v e f o r c o n t i n g e n c i e s .
V . 104, p . 856 , 1483.
R E P O R T S .— F o r 5 m o s . p e r io d e n d . N o v . 3 0 :
5 A fo s .—
Gross.
Net.
Amort.
Misc.
Interest. Surplus.
1 9 1 6 . ................. $ 2 , 3 9 7 , 0 0 8 $ 1 ,3 1 2 , 8 2 4 $ 6 7 ,4 5 0 $ 1 0 7 ,9 8 7 $ 8 9 9 ,6 9 3 $ 2 3 7 ,6 9 2
1 9 1 5 .................... 2 , 2 4 6 , 3 1 0 1 ,2 8 9 .6 3 6 6 7 , 4 5 0
9 9 ,9 0 8
8 9 1 .9 2 9
2 3 0 ,3 4 8
T h e s u r p lu s a s a b o v e Is s h o w n b e f o r e d e d u c t i n g i n t e r e s t o n I n c o m e b o n d s
R e p o r t to r y e a r e n d in g D e c . 31 1 9 1 6 .
V . 104, p . 8 56 . 1483.
Cat. Year—
1916.
1915.
!
1916.
1915.
G r o s s R R . r e v . $ 4 , 0 8 4 , 8 4 8 $ 3 , 7 2 5 , 9 8 0 C o n t i n g . r e s ’ v o $ 3 9 0 ,0 0 0
N e t , a fto r t a x .$ 2 ,1 6 8 ,6 0 4 $ 1 ,9 9 7 ,1 5 6 ! P r io r b d . i n t .
2 6 4 ,5 4 3
$243*765
B u ild in g s .n e t
9 0 0 ,3 7 6
9 4 7 ,3 9 5 F i x e d b d . i n t . 2 , 1 5 5 , 4 0 2
2 ,1 3 7 ,9 9 8
M is c e l la n e o u s
7 3 ,0 9 9
7 8 ,3 4 4 I n c o m e i n t . . . ( 1 ) 3 3 1 , 0 2 0 ( 2 ) 6 6 2 , 0 4 0
T o t a l n o t i n c . $ 3 , 1 4 2 ,0 8 0 $ 3 , 0 2 2 , 8 9 5 i B a l a n c o .............. s u r .$ 1 .1 1 5 d e f .$ 2 0 .9 0 8
Railroads—
1916.
1915.
1914.
1913.
1912.
G r o s s e a r n i n g s . . $ 4 , 0 8 4 , 8 4 8 $ 3 ,7 2 5 , 9 8 9 8 3 , 7 5 0 , 9 5 0 8 3 , 7 4 3 , 7 1 3 8 3 , 6 3 0 , 0 6 1
N e t b e f o r o t a x e s . $ 2 ,4 6 2 , 2 1 4 $ 2 , 2 6 9 , 3 9 4 $ 2 , 3 0 3 , 6 1 1 $ 2 , 2 8 8 , 6 8 7 $ 2 ,3 2 1 , 8 5 6
O F F I C E R S . — P r e s . , A V ilb u r C . F is k e ; S e c . & T r e a s . , J . S . O ’ N e a lo ;
C o m p . , F . I I . S l l ll c k .
N . Y . o f f i c e , 3 0 C h u r c h S t .— ( V . 1 0 2 , p . 8 8 5
1 3 4 2 ; V , 1 0 3 , p . 9 3 4 , 9 3 8 , 1 4 1 3 ; V . 1 0 4 , p . 7 6 4 , 85G , 1 4 8 3 .)

HUNTINGDON & BROAD TOP MT. RR. & COAL CO.— O w n s fr o m
&o., 2 8 m il e s .

H u n t i n g d o n . P a . , t o M o u n f D a lla s . P a . , 4 4 m ile s ; b r a n c h e s ,




H U D SO N
-

& M AN H ATTAN
M AP OF

R. R. CO.

SYSTEM

J ^ 3 c iS 7 A 7 7 0 N

THE NEWARK SERVICE IS OPER­
ATED OVER PENNSYLVANIA R R
TRACKS BETWEEN SUMMIT AVE
STATION. JERSEY CITY AND
PARK PLACE STATION NEWARK

M

c

i l l

I fe g fS f
T

i l

i^ fia
m
m e o tm r i
§ s s m

j f l l

m
—

~ a

.

c a

QQnDOflOflD
oooDOOOflfl
“ “ Q o ooooo

UuQoaooao
OQOOODOOfl

000000000
oo
n£>e

W

S / m S ?*

J u ne , 1917.

RAILWAY STOCKS AND BONDS

RAILROAD CO M PAN IES
[For abbreviations. &c., see notes on first page]

Miles Date
Road Bonds

I l l i n o i s C e n t r a l— S t o c k $ 1 2 3 .5 5 2 .0 0 0 ............................
C e a s e d lin e 4 % s t o c k g u a r a n t e e d (s e e r e m a r k s ) — z
1875
F ir s t m t g e o f ] S t e r lin g B o n d o l d 6 s e x t In 1 8 9 5 ___ z
1875
187 4
f o r B o n d s e x t e n d e d In 1 9 0 5 a s $ b o n d s . z
1886
706
$ 1 5 .0 0 0 ,0 0 0 } 4 s o f 1 8 8 6 d u e 195 1 g o l d . - . z o ' & r
1886
s e c u r e s a l l 3 ^ s o f 1 8 8 6 d u e 1 95 1 g o l d - . z o ' & r
1895
e q u a ll y - U s 3 s o f 1 8 9 5 d u e 1 9 5 1 g o l d — z o '& r
1903
( V 8 3 . P 7 6 ) 3 *4s o f 1 9 0 3 d u e 1 95 1 g o l d - . z o ' & r
1880
T r u s t b o n d s s t e r l. (s e c b y C h S t L & N O c o n s ) _ U * . z
111 1 8 9 8
F ir s t M S p D I v r e f M ( V 6 6 . p 1 2 3 7 ) g o l d . . U s . y o ' & r
131 1 8 8 1
K a n k & S W 1 s t M O t t o t o N o r m a l J u n o & b r — zr
1892
C a ir o B r i d g e b o n d s g o l d (s e e r e m a r k s ) . . U s . z o * & r
239 J1897
S t L o u is D l v & T e r m M $ 1 0 ,0 0 0 .0 0 0 g o ld _ U s . y o '& r
11897
do
5 5 . 0 0 0 . 0 0 0 (s e e V 6 5 . p 1 1 7 3 ) g - U s . y o '& r
1883
U n d e r ly in g S t L I B e l l e v il l e & C a r o n d e le t 1 s t M . z o *
1886
D lv & T e r m l - l S t L o u is S o u t h e r n l s t M g . B a . z o *
1887
n a l m o r t g a g e .J C a r b & S h a w 1 s t M g o l d — z c *
1904
P u r c h a s e d lin e s 1 s t M 5 2 0 .0 0 0 ,0 0 0 g o l d _ . U s . x o * & r
1908
R o f M ( N o r L i n o s ) * 1 2 0 .0 0 0 .0 0 0 g r e d . - G . x c * & r *
857 1888
C o lla t e r a l t r u s t b o n d s g o l d 5 ------------------ U s . z c '& r
798 1892
C o ll t r u s t 5 2 5 ,0 0 0 .0 0 0 g o l d o n L N O & T . U s . z o '& r
1895
W e s t e r n lin e s fir s t m o r t g a g e g o l d -------------- U s . z o '& r
56 7 1881
C h S t L & N O c o n s M ( 5 1 8 .0 0 0 .0 0 0 ) g l n t g u . x o '& r
567 1897
do
g u a r a n t e e d p r in c ip a l a n d I n t e r e s t --------------:
J o i n t 1 s t & R e f M (S o u t h e r n lin e s ) $ 1 2 0 ,0 0 0 ,0 0 0 —
1913
S e r ie s A c a l l a b l e 1 1 0 a f t e r D e c 1 1 9 1 8 - - F . y . C * r *
1913
S e r ie s B c a l l a b l e a t 1 1 0 a f t e r D o c 1 1 9 1 8 — --------1889
M e m p h is D lv 1 s t M g o l d g u a r p & 1 ( e n d ) . U s . z o ’
1897
L o u I b v D & T M 5 2 5 .0 0 0 .0 0 0 g ......................... U s . y o '& r
130 1900
O m a h a D lv 1 s t M g 5 5 , 0 0 0 , 0 0 0 ......... .............U s . x o '& r
1900
L i t c h f i e l d D lv 1 s t M g S 4 .0 0 0 .0 0 0 .............. ............... F .x o *
l s t L le n e q M $ 3 0 ,0 0 0 ,0 0 0 ( l e s s 5 2 1 .4 5 3 0 0 0 o a n c e le d ) U « .x
1908
1913
E q u ip e q c e r t s g s e r A $ 4 0 0 ,0 0 0 s - a r e d t e x t
1913
do
do
g s e r B d u o $ 1 7 5 ,0 0 0 s -a ( V 9 7 , p 2 9 9 ) x
1915
do
g s e r O d u o $ 9 9 ,0 0 0 s - a r e d l 0 2 * 4 b o g 1 9 2 0 y c *
d o s o r D d u e $ 9 5 ,0 0 0 e a c h J & J ; c a U a b lo 1 0 2 * 4 &
1916
l n t o n o r a f t e r J a n 1 1 9 2 1 _________________________ k
O h S t L & N O e q t r s o r A g g u r e d 1 0 2 4 4 b e g D e c ’ 19
1914
d u o $ 2 5 0 ,0 0 0 s e m l - a n n -------------------------------------------- c *
I o w a F a lls & S i o u x C i t y — S e e s t a t e m e n t o f D u b u q u e & S i o u x
T llln o l s O e n t r
a I n o l u d e s 5 5 . 2 6 6 .0 0 0 c o n s o l 5s p l e d g e d t o s e c u r e

Amount
Outstanding

Par
Value

Rate
%

$100 $109 281822 See
100 1 0 ,0 0 0 ,0 0 0
2 ,5 0 0 .0 0 0
£200
1 ,0 0 0 ,0 0 0
1 .0 0 0
1 ,5 0 0 .0 0 0
1 ,0 0 0
1 ,0 0 0
2 ,4 9 9 ,0 0 0
£ 5 0 0 ,0 0 0
£200
3 ,0 0 0 ,0 0 0
1 ,0 0 0 & c
5 ,2 6 6 .0 0 0
£200
2 .0 0 0 ,0 0 0
1 ,0 0 0
9 6 8 .0 0 0
1 ,0 0 0
3 .0 0 0 .0 0 0
1 .0 0 0
8 ,3 7 7 ,0 0 0
500 &o
1 ,0 0 0
4 , 9 9 8 ,0 0 0
4 7 0 ,0 0 0
1 ,0 0 0
1 ,0 0 0
6 3 8 ,0 0 0
2 4 1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 & o 1 2 ,0 0 0 ,0 0 0
1 ,0 0 0 Sec 4 0 ,7 4 0 ,0 0 0
5 0 0 Sco 1 5 .0 0 0 .0 0 0
5 0 0 Scc 2 4 , 9 2 9 , 0 0 0
1 .0 0 0
5 ,4 2 5 ,0 0 0
1 ,0 0 0 a l 6 , 6 3 5 ,0 0 0
1 ,0 0 0
1 , 3 5 9 .0 0 0

te x t.
4
4 g
3 X g
4 g
3H g
3 g
3 *4g
3*4 g
3*4 g
5
4 g
3H g
3 g
6 g
4 g
4 g
3 *4 g
4 g
4 g
4 g
4 g
5 g
3*4 g

5 0 0 Scc $ 3 2 ,1 0 9 ,6 0 0
£100 & c
1 ,2 0 1 ,3 4 5
$1 000
3 5 0 0 ,0 0 0
5 0 0 Scc 2 3 , 8 8 8 , 0 0 0
1 ,0 0 0 Scc
5 ,(X X ),0 0 0
1 ,0 0 0
3 ,2 3 5 .0 0 0

5
5
4
3
3
3

65

When
Payable
Q— M
J
&
A
&
J
Sc
J
&
J
Sc
M Sc
A
Sc
J
So
J
Sc
F
Sc
J
&
J
Sc

,

J
O
D
J
J
S
o
J
J
A
I)
J
J Sc J
Sc D
J
M
&
S
M «5o s
J
So J
M Sc N
A
So O
M Sc N
F
& A
J & D 15
J Sc D 15

Last Dividend
and Maturity
Juno
J u ly
Apr
D eo
Jan
Jan
M oh
Apr
J u ly
Jan
Aug
D eo
J u ly
J u ly
June
S ept
M oh
J u ly
N ov
Apr
N ov
Aug
June
June

Places Where Interest and
Dividends are Payable

1 ’ 17 1 4 4 %
1 1917 2 %
1 1951
1 1950
1 1951
1 1951
1 1951
1 1951
1 1950
1 1951
1 1921
1 1950
1 1951
1 1951
1 1923
1 1931
1 1932
1 1952
1 1955
1 1952
1 1953
1 1 95 1
15 1 95 1
1 5 1 95 1

3 2 N a s s a u S t , N Y . Sc L o n
do
do
B a r i n g B r o s . L o n d o n ,E n g
3 2 N a s a u S t ., N ew Y o r k
do
do
do
do
B a rin g B r o t h e r s , L o n d o n
32 N assau S t, N ew Y o rk
B a rin g B r o th e r s , L o n d o n
32 N a ssa u S t. N e w Y o rk
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
*
do
B a r i n g B r o s , L o n Sc N Y
32 N a ssa u S t. N e w Y o r k
do
do
do
do
do
do

J
g
J
g
J
g
*4 g J
F
g
J
g

Sc
Sc
Sc
Sc
Sc
So

4 .8 0 0 , 0 0 0
2 ,2 7 5 . 0 0 0
1 .5 8 4 .0 0 0

4*4 g F
H
5 g
4*4 g A

Sc
Sc
Sc

D e c 1 1963
D e c 1 1963
D eo 1 1951
J u ly 1 1953
A u g 1 1951
J a n 1 1 95 1
Jan 1 1923
A A u g • 1 7 -F o b ’ 2 3
A A u g '1 7 - A u g ’ 23
O O c t 11 7 - A p r ’ 2 5

1 ,0 0 0

1 ,7 1 0 .0 0 0

4*4

J

Sc

J J u l y ’ 1 7 -J a n '2 6 B a n k o r s T r u s t C o , N

1 .0 0 0

3 .7 5 0 .0 0 0

5 g

J

Sc D D e c . '1 7 - D e c ’ 2 1

1 ,0 0 0
1 .0 0 0

D
D
D
J
A
J

N Y ofT o r C o m T r . P h l l a
N Y o f f ic e o r U n T r , P itts
N Y o f f i c e o r C o m T r . P h il

do

Y

do

C it y
al c o l l a t e rat t r u s t b o n d » o f 18 8 6

D E P O S I T O F S T O C K . — O v e r 7 5 % o f s t o c k h a s b o o n d e p o s i t e d w it h 6
tr u s te e s (D r e x e l & C o . , P h lla ., d e p o s it a r y ) u n d e r a g r e e m e n t p r o v id in g fo r
s a le o n o r b e f o r e A p r i l 1 1 9 1 8 o r s a m e , w h ic h s h a ll n o t b e le s s t h a n a m a j o r i t y
o f t h e o u t s t a n d i n g s t o c k , t h e p r o f , a t n o t le s s t h a n $ 5 0 a n d t h e c o i n , a t n o t
le s s t h a n $ 2 5 p e r s h a r e .
V . 96. p . 420 , 1021. 1297, 1488.
D I V S . '9 8 . '9 9 . '0 0 . '0 1 . '0 2 . '0 3 . '0 4 . ’ 0 5 . '0 6 . ’ 0 7 . ’ 0 8 . '0 9 - J u n o , T 7 .
C om m on
0
0
0
0
0
5
1
0
0
0
0
0
P r e fe r re d
5 5 4 4 7
5
6
7
6 5 4 4 7 4 4 7 3 4 6
0
R E P O R T . — A n n u a l r o s u lt s c o m p a r e a s f o l l o w s :
Year—
Cross.
Net.
Interest, &c. Bal., Sur.
1 9 1 6 ................................ - .............$ 6 7 9 ,4 1 9
$ 2 5 3 ,7 7 2
$ 1 4 7 ,7 2 7
$ 1 0 6 ,0 4 6
1 9 1 5 ................................................. 5 9 8 .8 0 4
2 1 4 ,4 6 4
1 5 0 ,6 6 6
6 3 ,7 9 8
P r o s . & G e n . M g r . , C a r l M . G a g e . — ( V . 1 0 2 , p . 8 8 5 : V . 1 0 4 , p . 5 5 9 .)

ILLINOIS CENTRAL RR.— (S e e M a p .) — R O A D . — O p e r a t e s f r o m C h i­
c a g o , 111., s o u t h e r l y t o N e w O r le a n s . L a . . 9 1 2 m ile s , a n d w e s t e r l y t o S io u x
C i t y , l a . . 5 0 9 m ile s , w it h n u m e r o u s b r a n c h e s , v i z . ( 'w h i c h s e e ) :
Leased— Control owned—
Miles
Road owned in fee—
Miles.
C h ic a g o S t . L . & N . O . R R „
O b lo a g o t o C a ir o , 111___ )M a ln
C a ir o , 111., t o N e w O r l e a n s ___
546
O e n t r a lla , 111., t o E a s t l s t e m __
706
L i n e t o L o u is v i ll e , & o ________ 7 5 2
D u b u q u e , I o w a _____J
M e m .,T e n n .,t o M e m .J c t .,M is s
98
D u b u q . & S i o u x C it y (s e e a b o v e ) 7 6 1
S p r in g f ie ld t o E a s t S t . L o u i s
9 7 S t . L o u is A l t o n & T e r r e H a u t e . 2 2 4
Entire stk .owned-B r a n c h o s , & o 9 8 6
P e o r i a , 111., t o E v a n s v i ll e , I n d . ,
Trackage. A c ___________________ 1 8 4
w it h 0 - m ll e b r a n c h ____________ 2 3 4
I n d i a n a p o li s , I n d . , t o E f f in g ­
T o t a l o p e r a t e d D e c 31 1 9 1 6 . 4 . 7 6 6
h a m , 111. ( V . 9 3 . p . 8 8 0 ) ............1 7 7
H I S T O R Y . L E A S E S . & o .— C h a r t e r e d o n F o b . 1 0 1 8 5 1 . T h e c o m p a n y p a y s
t o t h e S t a t e o f I llin o is 7 % ( f o r t h e 12 m o n t h s e n d i n g A p r . 3 0 1 9 1 b , $ 1 , 5 0 1 , ­
0 7 1 ) o f g r o s s o f t h e 7 0 6 m ile s o w n e d In fe e y e a r l y In lieu o f t a x e s .
T h e C h i­
c a g o S t . I ,. & N . O . Is le a s e d fo r 4 0 0 y e a r s f r o m J u l y 1 1 8 8 2 a t 4 % p e r a n n u m
o n Its $ 1 0 ,0 0 0 ,0 0 0 c a p i t a l s t o c k d e p o s i t e d t o s e c u r e t h e leased line stocJL and
ln t . o n b o n d s . A s t o p r o p o s e d t e r m in a l s t a t io n In C h i c a g o . V . 1 0 3 , p . 1 3 0 1 .
O w n s a ll t h e c a p . s t o c k ( $ 4 ,9 9 8 , 5 0 0 c o m m o n a n d $ 1 5 ,0 0 0 ,0 0 0 p r o f .) o f
C e n t r a l o f G a . R y . b u t r o a d Is o p e r a t e d I n d e p e n d e n t ly .
See th a t c o . a b o v e .
S u b s t a n t ia l l y a ll o f t h o s t o c k o f t h e Y a z o o & M is s i s s ip p i V a ll e y R y . ,
1 ,3 8 2 m ile s , is o w n e d In t h o In t e r e s t o f t h o I llin o is C e n t r a l , t h o l a t t e r a ls o
o w n in g n e a r l y a ll o f t h o b o n d s , s o m e o f w h ic h a r e d e p o s i t e d a s c o ll a t e r a l .
Y o a r o n d i n g J u n o 3 0 1 9 1 6 , o p e r a t i n g r o v e n u o s , $ 1 3 ,5 5 2 ,4 3 1 ; o t h e r I n c o m e ,
$ 2 5 1 ,0 1 7 : t o t a l , $ 1 3 ,8 0 3 ,4 4 8 : o p e r . e x p e n s e s , t a x o s & l n t . , $ 1 3 ,7 9 0 ,6 9 8 .
O w n s e n tire s t o c k o f C h ic . M u m p . & G u lf H R ., 5 2 m .: V . 9 6 . p . 4 2 0 . 7 1 6 .
I n D e c . 1 9 1 6 t h o c o m p a n y la id b e f o r e t h e C h i c a g o C i t y T e r m i n a l s C o m ­
m is s i o n t o n t a t i v o p la n s f o r o x t o u s l v o l o c a l i m p r o v o m o n t s . V . 1 0 3 , ,p . 2 3 4 0 .
C A P I T A L S T O C K . — T h e leased line stock Is s c o u r e d b y d e p o s i t o f $ 1 0 , ­
0 0 0 ,0 0 0 C h ic a g o S t . L o u is & N e w O r le a n s s t o o k .
( V . 6 5 , p . 1 0 7 1 .)
I n J u l y 1 9 1 6 U n io u P a c i f i c o w n e d $ 2 2 ,5 0 0 ,0 0 0 o f t h o c o m m o n s t o c k .

Purposes for which said $ 1 2 0 ,0 0 0 ,0 0 0 Joint Bonds are Issuable.
(а) T o p u r c h a s e a n d I m p r o v e r a i lr o a d s , t e r m i n a l , p r o p e r t ie s .
Sec., c o v e r e d b y t h is m t g e . [ $ 5 ,0 0 0 ,0 0 0 S e r . A a n a £ 1 ,0 0 0 .0 0 0
S e r . B , s o l d In 1 9 1 3 , a n d r e m a in d e r In J a n . 1 9 1 6 ]_____________$ 3 3 ,3 4 8 ,1 0 0
(б) T o r e fu n d o r r e t ir e a lik e a m o u n t o f p r i o r m o r t g a g e s ----------- 5 0 . 1 3 2 , 0 0 0
(c ) F o r f u t u r e I m p r o v e m e n t s , c o n s t r u c t i o n , e t c ___________________ 3 6 , 5 1 9 . 9 0 0
A s t o a u t h o r i z a t io n o f t h e s e a n d o t h e r b d s . in 1 9 1 7 s e e V .1 0 4 , p .1 7 0 1 , 1 8 9 9 .
Equip. Trusts.— 4 4 4 s o f 1 9 1 3 c a l l a b l e a t 1 0 2 4 4 a f t e r F e b . 1 1 9 1 8 . V . 9 6 ,
135, 553 .
O th e r is su e s , V . 1 0 2 , p . 6 0 8 , 3 4 5 .
'V . 9 9 . p . 1 7 4 8 , 4 8 ; V .
W ‘ : p . 1257.
E A R N I N G S . — 4 m o s . , 1 1 9 1 7 ____ G r o s s , $ 2 7 ,0 6 0 ,0 5 7 ;
n o t , S 6 , 1 9 7 ,5 2 4
Jan. 1 to A p r. 30.
\ 1 9 1 6 ____ G r o s s ,
2 2 ,8 6 9 ,9 9 6 ;
n ot,
4 ,4 6 9 ,7 2 2
R E P O R T . — F is c a l y e a r c h a n g e d t o e n d D e c . 3 1 .
R e p o rt fo r 1916 w as
g i v e n a t l o n g t h in V . 1 0 4 , p . 1 8 9 2 , 1 9 0 5 .
6 M os. to
6 Mos. to 12 Mos. to
12 M os. to
June .30 '1 6 . Dec. 3 1 '1 6 . Dec. 31 '1 6 . Dec. 3 1 '1 5 .
A v e r a g e m ile s o p e r a t e d .
4 ,7 6 7 .1 1
4 ,7 6 6 .4 7
4 ,7 6 6 .7 9
4 ,7 6 7 .4 2
F r e i g h t r e v e n u e _________ $ 2 3 ,4 2 1 ,9 7 8 $ 2 6 ,0 1 5 ,8 5 1 $ 4 9 ,4 3 7 ,8 3 0 $ 4 2 ,6 8 1 ,0 1 1
P a s s e n g e r r e v e n u e ______
6 ,5 6 3 ,7 .3 7
7 ,6 5 9 , 1 1 2
1 4 ,2 2 2 ,8 4 8
1 2 ,6 6 1 ,5 7 6
O t h e r r e v e n u e s ___________
4 ,7 7 5 . 2 6 7
5 ,3 0 4 , 3 2 2
1 0 ,0 7 9 ,5 8 8
8 ,4 6 1 ,4 9 2
T o t a l o p e r . r e v e n u e . .$ 3 4 , 7 6 0 , 9 8 2 $ 3 8 ,9 7 9 ,2 8 5 $ 7 3 ,7 4 0 ,2 6 6 $ 6 3 ,8 0 4 ,0 7 9
N o t , a f t e r t a x e s ..............
S 7 ,2 4 7 ,8 5 3
$ 9 , 5 1 1 , 3 8 6 $ 1 6 ,7 5 9 ,2 3 9 $ 1 1 ,4 9 2 ,2 3 3
O t h e r i n c o m e ......................
7 ,0 8 6 , 6 2 8
5 ,9 2 9 , 2 0 2
1 3 ,0 1 5 ,8 3 7
7 ,6 7 9 ,6 5 0
G r o s s i n c o m e ..................$ 1 4 ,3 3 4 ,4 8 2 $ 1 5 ,4 4 0 ,5 8 8 $ 2 9 ,7 7 5 ,0 7 0 S 1 9 ,1 7 1 ,S 8 3
I n t e r e s t o n f u n d e d d e b t . $ 2 ,7 7 8 ,2 0 2
$ 2 ,7 6 8 ,0 6 2
$ 5 ,5 4 6 ,2 6 6
$ 5 ,5 0 4 ,9 0 3
3 , 2 8 9 ,7 2 1
3 ,4 7 2 ,6 6 9
6 ,6 6 2 ,3 9 1
6 ,5 2 9 , 8 1 5
R e n t s , & c _ _ .........................
D i v i d e n d s ...............................( 3 ) 3 ,2 7 8 ,8 8 0 ( 2 *4) 2 7 3 2 4 0 0 ( 5 *4) 6 0 1 1 2 8 0 (5 ) 5 , 4 6 4 ,8 0 0

S u r p l u s ......... .....................$ 4 ,9 8 7 ,6 7 7
$ 6 ,4 6 7 ,4 5 5 $ 1 1 ,4 5 5 ,1 3 2
$ 2 ,6 7 2 ,3 6 5
O F F I C E R S . — P r o s ., C h a s . H . M a r k h a m ; V . - P r o s . , O . M . K i t t l e : V . - P .
( o p e r a t io n ), W . L . P a rk ; V .- P . ( t r a f f ic ) , F . B . B o w o s ; V . - P . (p u r h a s e s ),
O . F . P a rk e r; S e c ., D . It. B u rb a n k ; T r o a s ., A . J . W y k e s .
G e n e ra l o ffic e s ,
C h i c a g o , 111.; N e w Y o r k o f f i c e , 3 2 N a s s a u S t r e e t .
D i r e c t o r s .— W a i t h e r L u t t g e n , J o h n W . A u c h i n c l o s s , W i ll ia m A v e r e l l
n a r r i m a n , C . H . M a r k h a m , C o r n e liu s V a n d e r b i l t , J . O g d e n A r m o u r ,
C h a s . A . P e a b o d y . It . W . G o e l e t . J o h n G . S h e d d . R . 8 . L o v e t t . H . W .
d o F o r e s t , P h il ip S t o c k t o n a n d , e x - o f f i c i o , H o n . F r a n k O . L o w d e n , G o v ­
e r n o r o f I l l i n o i s .— ( V . 1 0 4 , p . 8 6 3 , 1 7 0 1 , 1 8 9 2 , 1 8 9 9 .)
I L L I N O I S S O U T H E R N R Y . — O w n s S a l e m . 111., t o B i s m a r c k , M o . (In c l u d n g I t iv e r T r a n s f e r , 6 0 m il e s ) . 1 2 3 .3 4 m . ; C o l l i n s , 111., t o C h e s t e r , 111.,
1 0 .6 7 m . ; b r a n c h e s . 2 .8 3 m . ; t o t a l o w n e d , 1 3 6 .8 4 m . ; t r a c k a g e , 2 .8 1 m .
S t o c k , c o m ., $ 4 ,0 0 0 .0 0 0 : 6 % c u m . p f ., $ 1 ,0 0 0 ,0 0 0 : p a r , $ 1 0 0 , a ll o u t .
T h o r e m a in d e r o f t h e $ 3 ,0 0 0 ,0 0 0 1st M . b o n d s Is r e s e r v e d f o r a d d i t i o n s ,
See. V. 9 3 , p . 5 8 9 ; V . 9 0 . p . 1 6 7 . H o ld e r s o f $ 1 ,5 2 8 ,0 0 0 1st M . b o n d s
c a n c e l e d t h e c o u p o n s d u e D e c . 1 1 9 1 3 a n d a ll In 1 9 1 4 , a n d h o ld e r s o f $ 2 0 6 D I V S . 1 ’ 8 8 . ’ 8 9 . ’ 9 0 . ’ 9 1 - ’ 9 9 . ’ 0 0 . ’ 0 1 S e p . ’ 0 4 ’ 0 5 t o ’ 1 2 . '1 3 . '1 4 . ’ 1 5 . T 6 .
0 0 0 b o n d s c a n c e le d all 1 9 1 4 c o u p o n s .
C a r t r u s t s J u n e 1 9 1 6 , $ 9 ,0 0 0 .
o n stk f 7
5 (4 6
5 y e a r l y 5 44 6 y e a r l y 7 y e a r l y
6
5
5 Text
L A T E S T E A R N I N G S . — 11917 — ........... G r o s s , $ 1 9 0 ,3 2 5 ; n e t , S 1 3 .6 6 7
I n 1 9 1 6 p a i d 2 4 4 % M a r . 1 a n d a g a in S e p t . 1 , f o ll o w e d b y a q u a r t e r l y
4
m
o
s
.
,
J
a
n
.
1
t
o
A
p
r
i
l
3
0
.
\
1
9
1
6
-------------G
ross,
2 2 0 ,9 9 6 ; n e t ,
4 2 ,7 6 2
144 % o n D e c . l , p l a c i n g s t o c k o n 6 % b a s i s . I n 1 9 1 7 , M a r c h a n d J u n e , 4 4 % .
R E P O R T . — F o r y e a r e n d in g J u n o 3 0 1 9 1 6 , g r o s s , $ 6 9 8 ,9 8 0 ; n e t , a f t e r
B O N D S . — C a ir o bridge, s e e a d v . In " C h r o n i c l e . ” M a y 7 1 8 9 2 .
t a x e s . $ 1 6 2 ,2 4 8 ; l n t . , & c . , $ 1 1 7 ,3 1 6 ; b a l . , s u r ., $ 4 5 ,3 1 4 .
I n 1 9 1 4 -1 5 , g r o s s .
$ .5 2 7 ,3 3 6 ; n e t . a ft e r t a x e s . $ 8 2 ,3 0 7 .
P r o s ., E . K . B o ls o t; S e c ., E . M .
T h o Trust Bonds o f 1 8 8 6 a r e s e c u r e d b y d e p o s i t o f $ 5 , 2 6 6 ,0 0 0 C h ic a g o S t . L .
& N e w O rle a n s c o n s o l s o f 1 8 8 1 : a ls o b y a lie n o n t h e r o a d . S e e V . 8 6 . p . 1 3 4 3
T o u r t e lo t ; T r e a s .. O . A . B e s te l, C h ic a g o ; V .- P r e s ., J . W . W a ls h : A u d .,
Collateral Trust bonds oT 1 9 5 2 c o v o r b y p l o d g o o f $ 1 6 ,3 5 0 ,0 0 0 5 % 1 s t M .
A . F . W i ll ia m s .
O f f i c e , 7 1 7 L o c u s t S t . , S t . L o u i s . — ( V . 1 0 1 , p . 1 3 7 2 .)
b o n d s 8 6 3 m ile s o f s u b s i d i a r y lin e s .
V . 55, p . 550; V . 102, p . 1346.
I N D I A N A H A R B O R B E L T R R . — O w n s W h i t i n g , I n d . , t o B lu e I s l a n d .
T h e $ 2 5 ,(8 X 1 .0 0 0 collateral trust bonds o f 1 9 5 3 a r e s e c u r e d b y p l e d g e o f a ll
I I I .,
14 m ile s ; M c C o o k t o F r a n k lin P a r k . 111., 1 0 .5 m . ; A r g o t o U n io n S t o c k
t h e L o u l s v . N . O . & T e x a s (n o w Y a z o o & M is s is s ip p i V a ll e y R R . ) , $ 1 6 . ­
Y a r d s , C h ic a g o 1 0 .6 m .; S t a t e lin e t o G ra sse ll, I n d . , 5 . 5 m .: b r a n c h e s , 4 . 8 m ;
9 0 0 .0 0 0
1st m t g e . b o n d s , e x c e p t $ 6 8 ,0 0 0 , a ll t h e $ 9 , 1 0 4 , 0 0 0 m t g e . I n c o m e s t o t a l o w n e d , 4 5 . 5 m ile s ; t r a c k a g e , 6 3 .9 m . ; t o t a l , 1 0 9 .4 m ile s .
a n d a ll la n d g r a n t i n c o m e s , $ 6 , 5 5 3 , 2 7 7 ; V . 6 4 , p . 9 6 4 : V . 6 1 , p . 1 1 2 .
S t o c k o u t s t a n d i n g , $ 2 , 4 5 0 , 0 0 0 , o f w h ic h L . S . Sc M i c h . S o u . ( n o w
Chicago St. Louis A New Orleans 5 s h a v e t h e ir I n t e r e s t g u a r a n t e e d ( b y
N e w Y o r k C e n t r a l) a n d M i c h . C e n t . , w h ic h g u a r a n t e e t h e b o n d s , o w n 6 0 %
e n d o r s e m e n t ) u n t il t h e p r in c ip a l ] s p a i d .
T h e 3 44s o f 1 8 9 7 a r e g u a r . , p r ln a n d O . M . & S t. P . a n d C . & N o r t h w ., 4 0 % . V . 9 3 . p . 164 . V . 1 0 4 . p . 1 7 0 2 .
O f t h o b o n d s ( $ 2 5 , 0 0 0 , 0 0 0 a u t h . is s u e ), $ 2 , 5 0 0 , 0 0 0 a r o r e s e r v e d t o r e t ir e
C h ic . H a m . & W . 6s; $ 2 ,5 0 0 ,0 0 0 b o n d s o u t b e a r ln t . a t 3 % 1 91 2 t o J u ly 191 7
t h o n 4 % . V . 8 6 , p - 1 0 8 . D u o f o r a d v a n c e s D o c . 31 1 9 1 6 , $ 5 , 1 6 1 , 6 9 3 . R e ­
$ 1 , 4 9 9 , 0 0 0 a r e h e l d t o r e t ir e $ 1 , 4 0 0 , 0 0 0 u n d e r l y i n g b o n d s ,
p o r t f o r c a l . y e a r 1 9 1 6 ( V . 1 0 4 , p . 2 5 4 8 ) s h o w e d : G r o s s , $ 4 ,6 5 3 ,9 6 0 : n e t ,
m o r t g a g o in V . 6 6 . p . 1 3 8 .
S ee a ls o V . 6 6 , p . 13 3 : V . 7 1 . p . 5 4 6 .
a f t o r t a x e s , $ 1 ,4 1 5 ,1 0 4 ; o t h e r i n c o m e , $ 1 0 3 ,2 7 4 : i n t . , r e n t a l s , & c . , $ 1 , 3 6 8 , ­
Louisville Division A Terminal mtge. is f o r $ 2 5 ,0 0 0 ,0 0 0 : o f t h e b o n d s
2 3 3 : b a l . , s u r ., $ 1 5 0 ,1 4 5 .
I n 1 9 1 5 , g r o s s , $ 3 ,4 5 8 , 0 5 2 ; b a l . , d e f . , $ 6 9 ,0 8 2 .
$ 1 , 1 1 2 , 0 0 0 w e r e r e s e r v e d t o p u r c h a s e t h e 4 6 m . ( C e c ilia b r . ) f r o m L o u is v i ll e
— ( V . 1 0 3 , p . 6 7 ; V . 1 0 4 , p . 1 6 9 1 , 1 7 0 2 , 2 5 4 8 .)
& N a s h v ille a n d t o r e t ir e t h e L . & N . b o n d s t h e r e o n .
C h ic a g o S t . L o u is &
I N D I A N A P O L I S U N I O N R Y . — O w n s 4 . 4 4 m ile s o f y a r d t r a c k s a n d
N e w O r le a n s t o o k t it le t o t h e L o u l s v . D l v . a n d J o in e d In m a k i n g m t g e .
See
s id in g s , .9 3 o f a m ile o f r o a d w it h t e r m in a ls a t I n d i a n a p o l i s , I n d . , a n d le a s e s
V . 6 8 . p . 1 3 6 . f o r a b s t r a c t ; a ls o " S u p p l e m e n t " o f J a n . 1 8 9 9 .
V . 65, p . 367.
f o r 9 9 9 y e a r s t h e B e lt R R . o f I n d i a n a p o li s — 1 4 .1 8 m . ( w h i c h s e e ) . C l e v .
5 1 6 : V . 6 6 . p . 133; V . 6 7 . p . 68 1 : V . 7 5 . p . 6 7 1 ; V . 9 7 . p . 8 8 7 . 1024.
C i n c in n a t i C h ic a g o & S t . L o u is , t h e P i t t s b u r g h C i n c in n a t i C h ic a g o & S t .
O f Purchased Lines 3 4 4 s o f 190 4 $ 1 4 ,6 6 2 ,0 0 0 w e r e Issu e d o n 7 4 8 m ile s o f
L o u is a n d t h e V a n d a l la R R . a r e v ir t u a l p r o p r i e t o r s , t h e y h a v i n g I n v e s t e d
s u b s i d i a r y b r a n c h lin e s p u r c h a s e d , o f w h ic h $ 2 , 6 6 2 , 0 0 0 w e r e c a n c e l e d
in it $ 1 , 0 5 6 , 4 2 6 t o D e c . 3 1 1 9 1 6 . N o s t o c k o u t s t a n d i n g . I n 1 9 1 7 e l e v a t io n
In J a n . 1 9 1 1 a n d r e f. b o n d s s u b s t i t u t e d t h e r e f o r .
T h e r e a r e a ls o $ 5 , ­
_ _ _ __
_ _
3 3 8 ,0 0 0
r e s e r v e d t o r e t ir e a t m a t u r it y $ 9 6 8 ,0 0 0 b o n d s o f t h o K a n k a k e e o f t r a c k s w a s in p r o g r e s s .
I n N o v . 1916 s u it w a s b r o u g h t t o c o m p e l t h o C in . I n d . & W e s t . R R . a s
So S o u t h w e s t e r n l s t s d u e 1 92 1 (s e e b o n d t a b l e a b o v e ) a n d $ 4 , 3 7 0 , 0 0 0 b o n d s
s u c c e s s o r o f C i n . I n d . & W e s t . R y . ( fo r e c l o s e d ) t o l i v e u p t o c e r t a in c o n ­
o f t h e C h ic a g o M a d is o n & N o r t h . (2 3 1 m . ) . w h ic h a re p l e d g e d f o r t h e c o l l . t r .
tr a c ts m a d e b y th o la tte r c o m p a n y .
V . 103, p . 1888; V . 100, p . 1257.
4 s o f 1 9 5 2 . (S e e V . 7 1 . t>. 2 8 8 '
7 9 . p . 1 2 7 3 1 6 4 2 . 2 5 8 8 : V . 8 1 . p . 1 1 0 5 .)
B O N D S . — T h e G e n e r a l a n d R e f . M . o f 1 9 1 5 w ill s e c u r e n o t o v e r $ 1 0 . ­
Refunding m t g o . g o l d 4 s O f 1 90 8 ( a u t h . $ 1 2 0 ,0 0 0 ,0 0 0 ) a r o s u b j e c t t o c a l l a t
0 0 0 .0 0 0 5 0 - y e a r b o n d s , t o b e a r r a t e s o f I n t e r e s t a s m a y b e h e r e a f t e r d e t e r ­
1 0 7 4 4 a n d l n t . M . & N . b e g in n in g N o v . 1 9 1 8 ; v. 1 0 4 , p . 8 6 3 ; V . 8 7 , p .
m i n e d , t o b e g u a r a n t e e d J o in t ly a n d s e v e r a l l y , p r l n . a n d l n t . . b y t h e t h r e e
13 5 7 , 1420; V . 8 8 , p . 295 ; V . 9 2 . p . 2 6 1 , 5 2 7 , 1636; V . 9 7 . p . 1024; V . 9 8 . p .
c o m p a n i e s a b o v e n a m e d ; a s u f f i c ie n t a m o u n t is r e s e r v e d t o r e d e e m t h o
1459. 1608: V . 99. p . 1300.
C o v e r m a in l in e , C h i c a g o t e r m i n a l s , s o - c a ll e d
4 H s o f 1 8 8 6 , a n d r e m a in d e r f o r f u t u r e p u r p o s e s .
T h e th re e g u a ra n to r
p u r c h a s e d lin e s , S p r i n g f ie l d D l v . , t h e S t . L o u i s D l v . , & c . , a t o t a l o f 2 , 1 8 7
c o m p a n ie s a n d a ls o t h o L a k e E r ie & W e s te rn R R . , C in c in n a t i In d ia n a p ­
i n . , s u b j e c t t o b o n d s a g g r e g a t i n g $ 6 1 ,7 6 6 ,0 0 0 , I n c h $ 2 ,5 0 0 , 0 0 0 C h i c . H a v a ­
o l is Sc W e s t e r n , C h i c a g o I n d i a n a p o li s & L o u i s v i l l e R y . a n d I ll i n o i s C e n ­
n a & W e s t. 5s a n d R a n to u l R R . 5s p le d g e d u n d e r 4s o f 195 2.
Purposes for which $ 7 9 ,2 6 0 ,0 0 0 Ref. Bonds ( N o r . Lines) Unissuedwere Res’v’d. t r a l R R . h a v e c o n t r a c t e d t o u s e t h e p r o p e r t y p e r p e t u a l l y a s t h e i r
m a in p a s s e n g e r t e r m i n a l , a n d t o p a y e a c h it s p r o p e r a n d d e s i g n a t e d
T o r e t ir e a lik e a m o u n t o f p r io r lie n b o n d s ...............................................$ 5 9 ,0 2 6 ,0 0 0
p r o p o r t io n o f th e in te re s t o n p re s e n t o r fu tu r e v a lu e s a n d o f a n y b o n d
A d d i t i o n a l m a in t r a c k . I m p r o v e m e n t s , f u n d in g d e b t , tea______ 2 0 . 2 3 4 , 0 0 0
is s u e d f o r a d d it i o n s t o o r I m p r o v e m e n t s o f t h e p r o p e r t y .
T h e b o n d s are r e ­
T h e I ll i n o i s C e n t r a l a n d C h ic . S t . L o u is & N e w O r l . R R . J o i n t F ir s t R e ­
d e e m a b l e a s a w h o le o r In s e r ie s 15 y e a r s a f t e r d a t e , o r a n y l n t . d a y t h e r e a f ­
fu n d i n g M . b o n d s ($ 1 2 0 ,0 0 0 ,0 0 0 a u t h . is s u o ) a r e ls s u a b lo In s e r ie s b e a r in g
t e r a t 1 0 3 : s i n k , f u n d b e g in n in g 1 9 2 6 , 1 % o f o u t s t a n d i n g b o n d s , b o n d s p u r I n t e r e s t a t n o t t o e x c e e d 5 % a n d a r o s e c u r e d o n a b o u t 1 ,5 1 2 m il e s o f t h e
c h a s e d t o b o k e p t a l iv e ; F a r m e r s ' L o a n & T r . C o . , N . Y . . a n d U n io n T r u s t
S o u t h e r n lin o s . I n c lu d in g t h e m a in lin e f r o m C a i r o , 111., t o N o w O r le a n s ,
C o . , I n d i a n a p o li s , t r u s t e e s .
V . 100. p . 1257. 555: V . 101, p . 1272.
L a . , & c . , a n d c o m p r is i n g a ll t h o s y s t e m lin o s s o u t h o f t h o O h io R i v e r e x c e p t
Y e a r e n d i n g D e c . 3 1 1 9 1 6 . g r o s s , $ 3 9 1 ,8 6 5 : t o t a l d e d u c t i o n s , $ 2 6 0 ,6 9 9 .
t h o C h i c a g o M e m p h i s Sc G u l f R R . . t h e M o n t i c e l l o B r a n c h (5 2 m . a n d 2 1 m .
b a l . . s u r . , $ 1 3 1 ,1 6 6 (s e e V . 1 0 1 , p . 1 2 7 1 ) . — V . 1 0 3 . p . 1 8 8 8 .
r o s p o c t iv o l y ) a n d t h o Y a z o o & M i s s . V a il. R R .
V . 9 7 . p . 182 2, 1 7 3 3 , 1204:
I N T E R B O R O U Q H -C O N S O L I D A T E D C O R P O R A T I O N .— O R G A N I ­
V . 9 8 , p . 145 9. 1608; V . 9 9 , p . 1300; V . 100, p . 3 9 7 , 4 7 4 , 1852.
O n D e c . 31
Z A T I O N . — A h o l d i n g c o m p a n y , f o r m e d u n d e r N . Y . la w s J u n e 2 1 9 1 5 b y
1 9 1 6 , $ 3 1 ,9 9 4 ,6 0 0 S e r ie s A b o n d s w e r o o f f i c i a l l y r e p o r t e d a s " O u t s t a n d i n g , ”
p
la
n In V . 1 0 0 , p . 1 4 3 7 . 1 5 1 0 . 1 7 5 1 , 1 9 1 7 .
b u t o f t h is $ 3 , 3 4 8 , 1 0 0 w a s in t h o t r o a s u r y .




66




RAILWAY STOCKS AND BONDS

[Vol. 104

J u ne , 1917.]

R A IL R O A D C O M P A N IE S
[F o r abbreviations, A c ., see notes on first page]

M iles Date
Road Bonds

Illinois Southern— 1st M gold J3.000.000..........FC.xo
136
• In c o m e b on d s ll.38O .O 0O a u th o r iz e d _______ IC.xo
Illinois Tunnel Co— See Chicago Subway Co.
Indiana Decatur & W estern— SeeCIn Ind AWestern
Indiana Harbor Belt— GenM$25,000,000 g G.xo*Ar
46
do
do
do
_____
Ohio Ham * W first mortgage gold assumed-xo* Ar 27*48
E q u ip m e n t tru st ce r tific a te s $ 5 4 0 ,0 0 0 _______________

Par
Value

Interborough R. T . C o .
R o a d T ra c k
{E xclusive o f M a n h a tta n R y . a n d h id in g s ) —- M ile s . S u b w .

56.1

7 5 .0

%

$ 1 ,9 3 6 ,0 0 0
1 ,3 8 0,00 0

5 g

1907
1907
1897
1916

1 .0 0 0 A o

2 .5 0 0 .0 0 0
1 .7 2 5.00 0
2 .5 0 0 .0 0 0
535 ,00 0

6 <r

5 00 A o

T ra ck T o ta l
E le v . Track,.

16.9

7 1.5

3 -4 g
4 g

4*4

When
Payable

J

A

J
J

&
A
A
&

M &
J
J
J
J

Last Dividend
and M aturity

73.0

1 4 7 .1

T o t a l...................... - ~ - - - - - - -1
- - - - 7 7 4 .2 131.7
88.4 220.1
1 he new lines (being built Jointly) here Include: (1) Lexington Ave.
subway extending, with 4 tracks, from a connection with the present subway
south of 42d St. northerly to 135th St. In the Bronx, there forking (a) to
Jerome Ave. with 3 -track elevated extension thereon to Van Cortlandt Park
and Woodlawn Cemetery; (5) as a 3-track subway via 138th St. and South­
ern Boulevard to Whitlock Ave.. thence as a 3-track elevated road to Pel­
ham Bay Park. (2) 7th Ave. subway (4 tracks) connecting at Its northern
extremity on 42d St. with a line to the Steinway tilnnel (which became
the property of the city and Is leased by the Interborough), affording access
to Long Island City, and thence via new elevated lines to (a) Dltmars
Avo.; (0) Corona and Woodslde. The 7th Ave. subway will at Its southern
end divide so as to reach both the Battery and, (via a new tunnei under the
East River to Clark St.. Brooklyn, and the present subway.) tho Flatbush
Ave. (L. I. RR ) depot, whence It will run with 4 tracks along Eastern Park­
way to Buffalo Ave.. with 2 -track elqvatcd extension on Livonia Ave. to
New Lots road. Manhattan Ry. now has third track on 2d, 3d and 9th Avcs.
To cover the company’s requirement under tho plan there have been sold
to J. P. MorganJA Co., and through them to a syndicate, $160,957,000 new

Places Where Interest and
Dividends are Payable

June 1 1951
June 1 1951

F irst T r A S ay B k . C h ic

J u ly
J u ly
Jan
Jan

G ra n d C e n t T e r r a . N Y
do
do
do
do
C o m m ’l T r u s t C o , P h ila

1
1
l
1

1957
1957
1927
1931

1,000
792 ,00 0
4*4 E M A N M a y 1 1926
J Sc J Jan 1 1965
1.000 4 ,0 0 0 ,0 0 0
5 g
N o n e 9 32,627 shrs
100 4 5 ,7 4 0 ,5 0 0 See te xt Q—J J u ly 2 1 917, 1*4
1.000 * o 6 7 ,8 2 5 ,0 0 0
4*4 g A A O A p r 1 1956
1,000 1 ,250,000
Jan 1 1918
4*4
100 3 5 ,0 0 0 ,0 0 0 See text Q—J J u ly 2 ’ 17 5 %
J
&
J Jan 1966
1.0 0 0 A c 1 60.585,000
5 g

Gross rev. 10,256.000 9,432,714 823,286 39,832,392 35.89S1,528 3,940,864
N otfordiv 2,307,000 2,163,590 143,410 9.047,664 8,891,915
155 649
(6) Dividend Account
Quarter ending Ju ne 30 1917:
Net, after all charges----- $2,307,000 Balance for quarter______ $ 5 5 7 000
Qunr. div., 5% , July 2 T7 t ,750,0001Total surplus Juno 30 T7-21,346,’749
Tho estimated surplus balanco of the profit and loss account of tho Inter­
borough Consolidated Corp. as o f June 30 1917, it Is estimated, will bo
$2,052,444. After paying tho quarterly dividend o f 1*4 % , or $686,100, on
tho $45,740,000 pref. stock outstanding thero will remain on June 30 1.917
an estimated surplus o f $1,366,344, a decreaso o f $621,292 from March 31.
OFFICERS.—Pres., T. P. Shonts; V.-Ps., II. II. Vreoland, E. Mora
Davison. D. W . Ross: See., II. M . I'isher; Treas.. .7. H. Campbell. Offlco,
165 B ’way. N .Y .— (V. 103, p. 2155; V. 104, p. 358,559,1045. 2235, 2152,)
INTERBOROUGH RAPID TRANSIT CO.— [See M a p ) .— Incorpu.»ted
May 6 1902 In N. Y.. and Is now operating municipal tunnel R R . In N. Y.
City, extending, with two tracks, from tho Idatbush Ave. station of L. I.
R R ., Brooklyn, and also from tho Battery,Manhattan, to Bowling Green,
and thence to City Ilall, and as a faur-track lino from tho City Hall (with
two-track loop at that point) under now Elm St., Fourth and Park Aves.,
to 42d St., thence under 42d St. and Broadway to 103d St.; also as twotrack linos, partly viaduct, (a) from 103d St. on the West Side to Van Cortlandt Park; (6 ) from 103d St. to Bronx Park; In all 85.29 miles o f track
(incl. 12 miles sidings. A c.), on 25.72 miles o f road (of which 18*4 subway
and 7 elevated). Also leases Manhattan (Klovated) Ry.,118 miles track
Progress o f construction, V . 104, p. 257; V. 103, p. I l l s . Also seo V 103
p. 1033. Sale o f power (1917), V. 104. p. 2118.
C
1UJ’
Owns stook.of N. Y. A Queens County R y., 7 3 miles, and (Jointly with
Long Island H R .) the N .Y . A M , Traction Co. and Long Island Elec Rv
total. 6 8 miles. V. 80. p. 2621; V. 83. p. 818: V. 8 6 ? p 1 1 0 0
NEW kl ^ ES . —
Mar. 19 1913 A ^ ,B8Tecment was signed between
tho city and this company (V. 94. p. 1507, 1565; V. 96, p. 62. 359. 1701)
and the Brooklyn
^°™Pany. providing for expenditures
aggregating about $32.>.000,000, ror the establishment of comprehensive
dual systems of rapid transit serving all boroughs.
The official statement to the N . Y . Stock Exchange, dated June 30 1913.
was published In Chronicle of Aug. 16 1913, pages 450 to 455, giving full
particulars as to new contracts, bonds. A c. See also V. 97. p. 744, 1024.
L i n e s t o b e O p e r . by

Rate

$1,000
1,000

Owns $33,912,800 of the $35,000,000 stock of tho Interborough Rapid
Transit Co. and $15,276,500 of the $17,495,060 stock of the New York Ry*.
•505.95 M ile s of S in g le T rack O wned by C o m p a n ies C o m p risin g S y s te m
Interborough Rapid Transit C o., subway (see that co. b o lo w ).. 85.29 miles
Elevated (Manhattan Railway, leased)______________________ 129.64 miles
Surface lines owned, or controlled by Interb. Rap. Tran. C o ,.141.07 miles
New York Railways Co. and sub. cos. (soo “ Bloc. R y. Soc.” )-154.37 miles
STOCK.— The preferred stock Is pref. as to dlys. and assets. If In any
year the full 6 % shall not be paid, the pref.stock shall at the next annual
mooting bo entitled to doublo voting rights. V. 100, p. 1437, 1510, 1751.
VOTING TRU ST.— Finally expired March 6 1916. V. 102, p. 800.
D IV ID E N D S.— On prof., 6 % p. a. (1*4 % Q.-J-) July 1915 to July 1917,
Dividend outlook In May 1917, see V. 104, p. 2010, 1055, 559.
BONDS.— The coll, trust 4 He o f 1906 o f the Int.-M et. Co. Emplro Tr.
C o., N . Y ., trustee are secured by pledge of stock o f Interb. Rapid Transit
C o.. $1,000 in bonds for $500 Rapid Transit Co. stock. V. 82. p. 280.
A sinking fund was established in 1910, $300,000 to be appropriated
yearly out ol surplus Income after Interest and taxes to purchase bonds at
not over par, bonds acquired to be kept alive In the sinking fund. The
fund. It Is estimated, will exceed $40,000,000 by 1956. V. 93, p. 6 6 6 . To
Doc. 31 1916 thero had been purchased for the sinking fund about $2,510,­
000 of the $67,825,000 outstanding 4 *4s.
Tho $2,000,000 4*4% loan duo April 1 1917 was reduced to $1,250,000
and oxtondocl to Jan. 1 1918 at 4*4%• V. 104, p. 2452; V. 102, p. 5 1 9 ;
V. 100, p. 140: V. 99, p. 1909.
A* REPO RT.— For calendar year 1916, In V. 104, p.358, showed: Dividends
rccolved on I. R. T ., $33,912,800 cap. stock (20% ), $6,782,560; other In­
come, $148,797: total incomo. $6,931,357; lnt., taxes, A c., $3,795,139; bal
for dlvs., $3,136,218; pref. dlvs. (6 % ), $2,744,430; approp. for retirement
of Int.-Met. 10-yoar 6 % collat. notes In excess of sinking fund accruals
$350,000; bal. for year, $41,788. Official data in V. 104, p. 2235, showed'.
Interborough Rapid Transit Co.— (a) Partly Estimated Earnings.
------ 3 Months to Ju ne 30-------------- 12 Months to Ju n e 30____
1917.
19^6.
Increase. 1916-17.
1915-16. Increase.

Company's present lines...... ..........
25.7
Now, to bo built Jointly by city and company, 4 8 .5

Amount
Outstanding

1911

Indiana Illinois & Iowa— See New York Central RR
Indianapolis & Louisville— See Chicago Indianapolis A L o u lsvlllo
In d ia n a p olis U n — 1st M gold s f not callable— FP.xo*
93 1886
Gen A Ref M $10,000,000 g gu red te x t...F .c *& r«
1915
Interborough Cons Corp— Comstock (nopar v&iue
Pref stock (as to assets) 6 % non-cumulatlve______
Int.-M et coll tr bds g sec by lnt R T stk s f toxt_xc*Ar
1906
Bank loan replacing 10-yr notes (V. 103,pl301)Ba.c*
1916
Interborough Rapid Transit— Stock $35,000,000-- T e x t
lst & Ref M $300,000,000 g s redjl 10 (text) G.yc*Ar*
1913




67

RAILWAY STOCKS AND BONDS

F id e lit y T ru st C o , P h ilo
F a rm e rs ’ L & T r C o , N Y
T re a s o f f i c e , 166 B ’ w a y
do
do
do
do
B e lm o n t & C o , N e w Y o r k
T re a s o f f i c e . 165 B 'w ajr

1st M . 5 % 5 3 -y e a r g o ld b o n d s , t o be tak en a n d p a id fo r In fo u r y e a r ly ln s ta llm e n ts .v lz .: In 1913, $ 6 8 ,6 5 8 ,0 0 0 ; 1914, $ 3 0 ,0 0 0 ,0 0 0 ; 1915, $ 3 0 ,0 0 0 ,0 0 0 :
1916, $ 3 2 ,0 0 0 ,0 0 0 . See V . 9 4 , p . 1607, 1565, 1249: V . 9 6 . p . 1228: V . 97.
p . 1024; V . 101, p . 1972; V . 104, p . 7 6 4 . A s t o a d d it io n a l b o n d s , see
‘ G en era l F in a n c e s .”
Subway Leases, New and Old, to Run 49 Years— Re-Capture.
. T h e lease b y th e c it y t o th e c o m p a n y o f th e n ow su b w a y s la fo r 49 years
fro m J a n . 1 1917. b u t If th e ir co m p le tio n s h o u ld b e d e la y e d th ro u gh n o
fa u lt o f th e c o m p a n y , th e b egin n in g o f th e te rm w ill b o c o r re sp o n d in g ly
p o s tp o n e d ; s u b je c t , h o w e v e r , t o th e c i t y ’s righ t o f r e -ca p tu re a fte r 10 y e a rs .
T h e leases o f th e existin g su b w a ys as m o d ifie d e xp ire co n te m p o r a n e ­
o u s ly w ith th e lease o f th e n ew s u b w a y s , b u t a re n o t s u b je c t t o te rm in ation
b y n o t ic e e x c e p t as p o r tio n s t h e r e o f m a y b e tak en o v e r In s u b stitu tio n
fo r th e 7th A v e . b ra n ch o r th e L e xin gto n A v e . b ra n ch o f th e new s u b ­
w a y s In o rd e r t o c o m p le te a d ire ct lo n g itu d in a l lin e , e ith er u p o n th e E a s t
B ide o r u p o n th e W e s t S id e o f th e c it y . A s t o th e o ld c o n tr a c ts . N o s . 1 an d
2 , s e e this S e ctio n , Issue o f F e b . 1913 and V . 9 6 , p . 1701.
T h e a u th o riz a tio n s an d licenses fo r th e ele va te d railw ay exten sion s a n d
a d d itio n a l tra ck s are fo r 85 years fro m t b e b egin n in g o f o p e r a tio n , a n d are
r e s p e c tiv e ly s u b je c t t o th e rig h t o f the c it y t o p u rch a se a n d tak e th e p r o p ­
e r ty a t a n y tim e a fte r 10 years u p on p a y m e n t th e re fo r.

Company's Cumulative Prio r Claim on Net Earnings D uring Life of Lease.

[F rom net ea rn in g s, a fte r p a y m e n t o f ren tal a n d taxes a n n u a lly .)
(1) F rom n e t earnings o f o ld an d new su b w a y s (z) th e a vera ge
an n u al p ro fits fr o m th e present s u b w a y d u rin g th o tw o years
en d e d June 30 1911, $6.3.35.000; (v) 5 % ln t. a n d 1 % s k g . fd .
on $ 8 0 ,0 0 0 ,0 0 0 . th e agreed a m o u n t o f c o m p a n y 's In v e stm e n t
In new s u b w a ys an d e q u ip m e n t. $ 4 .8 0 0 ,0 0 0 --------------------------- $ 1 1 ,1 3 5 ,0 0 9
(2 ) F rom n e t earnings present e leva ted lines a n d e le v a te d e x te n ­
sions a n d th ird track s to b e a d d e d , (z ) In te re s t a n d 1 %
sin k in g fu n d u p o n th e $ 2 4 ,6 9 6 ,0 5 0 o f new ca p ita l fo r ele va te d
railw ay e xten sion s and c o n n e ctio n s a n d e q u ip m e n t, a n d In­
terest u p on a b o u t $ 3 ,0 0 0 ,0 0 0 fo r Im p r o v e m e n t o f M a n h a tta n
p o w e r fa c ilitie s , a b o u t $ 1 ,7 3 4 ,0 0 0 ; ( 1/) a ve ra g e r e c e ip ts at
c o m p a n y fro m M a n h a tta n lease for tw o years e n d e d J u n e 30
1911. n o t less th an $ 1 .5 4 7 .3 5 1 ...........................................................- $3.2 81 .3 6 1
T o t a l p rior cla im o n net earnings a fte r taxes a n d re n ta ls____ $ 14 ,41 6 ,3 5 1
A d d c o m p a n y ’s m iscella n eou s In co m o . e s tim a te d _______________
4 0 0 .00 0

T o t a l m in im u m n e t In co m e a v a ila b le fo r ln t . a n d sin k , f d s ____ $ 14 ,8 1 6 ,3 6 1
In te re s t ( 5 % ) a n d s in k , fu n d ( 1 % ) o n th e e n tire $ 1 6 0 ,9 5 7 ,0 0 0
b o n d s a u th o riz e d t o b e issued t o J an . 1 1917 fo r c o n s tr u c tio n
a n d e q u ip m e n t o f th e new lines (w h ic h w ill a d d 1 7 0 % t o th e
m iles o f tra ck In D e c . 1915 In o p e ra tio n In th e s u b w a y a n d
2 0 % t o th e e le v a te d lines) w ill a m o u n t t o ---------------------------------$ 9 ,6 5 7 ,4 2 0
W h en th e now su b w a y s a n d e le v a te d e xten sion s are c o m p le te d . It Is
estim a te d th a t fo r th e firs t fiv e years th e a n n u al n e t earn in gs a v a ila b le fo r
Interest w ill a v e ra g e $ 1 3 ,0 8 8 ,0 0 0 a n d fo r th e fifth y e a r $ 1 6 ,4 9 0 ,0 0 0 . In ­
te re st d u rin g co n s tr u c tio n fo rm s p a rt o f c o s t o f w o r k .
W hen th e p ro fits fro m th e o p e ra tio n o f th e subway system e xc e e d the
a m o u n t o f th o c o m p a n y ’s annual p rior cla im , a n d a fte r all a ccu m u la te d d e ­
d u c tio n s (w ith Interest th ereon ) snail h a v e been m a d e u p t o th e c o m p a n y ,
the p r o fits then rem ain in g are t o g o to th e c it y u n til th e p e rce n ta g e o f th e
c it y s return u p o n its Investm en t shall eq u a l th e p e rce n ta g e o f th e return
re ce iv e d b y th e c o m p a n y ; a n d th e re a fte r excess p ro fits will b e d iv id ed
eq u a lly b etw een th e c it y and th o c o m p a n y . T h e p ro fits fro m th e elevated
system a n d co n n e ctio n s , a fte r all th e c o m p a n y ’s a ccu m u la tio n s shall h a ve
boon m ad e u p , are to b e d iv id e d eq u a lly b etw een th e c it y an d th e c o m p a n y .
C O N T R O L .— In D eo. 1907 $ 3 3 ,91 2 ,5 0 0 o f th e $ 3 5 ,0 0 0 ,0 0 0 s to o k had
been e x c h a n g e d fo r 2 0 0 % In 4 *4 % co lla te ra l tru st b o n d s o f th e I n te rb o ro u g h
M e tro p o lita n C o . (w hloh see a b o v e ), secu red b y th e s to c k e x c h a n g e d .
D I V I D E N D S .—
1907 to 1910. 1911. 1912. 1913. 1914 to July 1917.
SInco 1 9 0 6 . . - ...........% - 9 y e a r ly .
10*4
15
12 2 0 % y r ly . (5 Q J .)
B O N D S .— T h e “ First and R e f. M t g e ." o f 1913 is lim ite d t o $ 3 0 0 ,0 0 0 .0 0 0 .o f w h ich $ 1 7 0 ,0 0 0 ,0 00 was un d erw ritten e a rly In 1 9 1 3 .as s ta te d a b o v e .
In D e c . 1915 It w as h o p e d t h a t o n ly $ 1 6 0 ,9 5 7 ,0 0 0 w o u ld b e n ee d e d t o ca rr y
o u t th e p la n , $ 1 2 8 ,6 5 8 ,0 0 0 t h e r e o f b e in g o u ts ta n d in g In J u n e 1916 w h en th e
s y n d ic a te t o o k an a d d itio n a l $ 1 7 ,0 0 0 ,0 0 0 . S ee full d a ta . V . 9 7 . p . 4 5 0 ,
1024: V . 9 8 . p . 3 0 4 , 6 1 1 . 1157; V . 9 9 . p . 119: V . 1 00, p . 2 0 8 5 . O ffe r in g ,
V . 101, p . 1972; V . 102. p . 4 3 7 ; V . 103. p . 1592. 1888.
T h e new b o n d s are sin ce N o v . 1 1913 a firs t lien o n all lea seh old a n d
o th e r rights o f th e c o m p a n y In (a) the existin g su b w a y s a n d ele va te d lines
(Including p o w e r hou ses, s u b -sta tio n s , e q u ip m e n t, real estate a n d oth er
p r o p e rty o r an e stim ated a gg rega te va lu e o f a b o u t $ 4 0 ,0 0 0 ,0 0 0 , ow n ed
d ir e c tly b y th e I n t e r b o r o u g h C o ..s u b je c t t o th e c i t y ’s rig h ts u n d e r th e lease)
an d (b) In th e new s u b w a y and e le v a te d lin e e xte n sio n s a n d In th e a u th o r­
ized a d d itio n a l tra ck s on th e present e le va te d lin es. T b e existin g s u b w a y
lines c o s t a b o u t $ 6 6 ,5 0 0 ,0 0 0 (exclu siv e o f th e p o w e r h o u se s, su b -sta tio n s
a n d e q u ip m e n t a b o v e m e n tio n e d , w h ich c o s t a b o u t $ 3 6 ,4 5 0 ,0 0 0 a d d itio n a l);
th e e stim ated to ta l c o s t o f th e new s u b w a ys Is $ 1 2 3 ,0 0 0 ,0 0 0 : o f th e e q u ip ­
m en t fo r th o Initial o p e ra tio n o f th e new s u b w a y s , $ 2 2 ,O0O,O0O, a n d or the
e le va te d lin e a d d itio n s a n d exte n sio n s, $ 2 7 ,6 9 6 ,0 5 0 .
.
C u m . s in k , fu n d o f n o t less than 1 % y e a rly will b egin n o t la ter than
J u ly 1918. B o n d s m a y b e d ra w n fo r sin k in g fu n d a t 110, o r b o u g h t In th e
m ark et a t a low er p r ic e . B y th e o p e ra tio n o f th e sin king fu n d th e w h ole
Issue will b e a m o rtiz e d d u rin g th e term o f th e lease.
In case the c it y shall exercise its rig h t o f r e -ca p tu re o f a n y o f th e n ew lin es,
a fte r 10 years fro m c o m m e n ce m e n t o f o p e r a tio n , th e m o n e y s s o p a y a b le
will retire all o u t s t ’g b o n d s Issued fo r c o n stru c tin g a n d e q u ip p in g s am e .
G E N E R A L F I N A N C E S .— T o Ju n o 1 1917 n o n e o f th e a d d itio n a l ra p id
tra n s it fa cilitie s w ere y ie ld in g in c o m o asid e fr o m t h o S te in w a y tu n n e l t o
L o n g Islan d C it y an d th e th ir d -tr a c k o n th o M a n h a t t a n E le v a te d lin e.
In O c t . 1916 s o ld $ 1 2 ,2 2 9 ,0 0 0 F irs t A R e f. M . 5 s, m a k in g $ 16 0 ,5 8 5 ,0 0 0
o u t s ta n d in g , an d in M a y 1917, th e re b e in g $ 1 6 0 ,5 8 5 ,0 0 0 o f th e b o n d s o u t ­
s ta n d in g . th o c o m p a n y w as a u th o riz e d t o issue a fu r th e r $ 1 1 ,4 3 6 ,0 0 0 on
a c c o u n t o f c o s t o f tn ir d -tr a c k in g th e e le v a te d ra ilw a y in excess o f es tim a tes .
In J u n o 1917 a p p lic a t io n w as p e n d in g fo r a u t h o r it y t o issue a fu r th e j
$ 2 5 ,4 8 3 ,7 7 2 F irs t A R e f . M t g e . b o n d s t o m e e t t h e a d d itio n a l c o s t o f e q u ip ­
m e n t o f n ew subway lines o v e r t h e e st. m a d e in 1 913. V .1 0 4 , p . 2 4 5 2 , 2 2 3 5 .

E

RAILW AY STOCKS AND BONDS

IN T E R B O R O U G H

R A P ID

T R A IN

C O M P A N Y

MAP
S H O W IN G P R E S E N T S U B W A Y A N D
E L E V A T E D L IN E S
A N D P R O P O S E D E X T E N S IO N S

S u b w a y S h o w n -[
E le v a te d S h o w n |

PROPOSED
PRESENT
PROPOSED

[V o l . 10 4.




N

HOBOKEN W eeh a wke

J une . 1917. |

Miles Date
Road Bonds

RAILROAD COMPANIES
[For abbreviations. &c., see notes on first page]

In tern a tion a l & Q reat N orthern—
C om m on s to c k , see t e x t _______________________________
Preferred s took (p & d ) n o n -o u m (see t e x t ) ----------F irst m o rtg a g e g o ld ---------------------------------------------------- z
C olo r a d o B rid ge b o n d s sin k in g fu n d ---------------------Fz
R c c c t fs ca lla b le till N o v 1 ’ 16 a t 100M th o ro a ft par
1st R e fu n d in g M $ 50 ,0 0 0 ,0 0 0 g o ld red 110 . ' . . . . C c x
T h r ee-y ea r 5% secu red n otes re d e e m a ble 101 g .C e x
E q u ip m e n t tru st c t fs d u o 5 1 9 ,0 0 0 s -a n n -----------------x
d o g d u o $ 5 0 ,0 0 0 s-a (V 97, p . 6 21 . 7 2 9 ) ..E q x
R e c e iv e r s ' e q u ip trust n o to s 5 3 9 ,0 0 0 s e m i-a n n u a lly
I n t e r n a t i o n a l R y s o f C e n t A m e r — O r d in a r y s h a r e s .
P referred s to c k 5 % and p artlo see t e x t ------------------G u a te m a la C en tra l 1st M g e x t 15 y rs t o 1 9 3 1 -E m z
Xnternat R y s (1st M o n 104 m ile s ; 2 d o n b a l . ) . . . x
F irst m tg g red 1 0 2 1 4 . . ............... — ------------------E n u
In terocea n lc R y o f A lex— 1st p re f s tk , 5 % n o n - o u m ._
S e c o n d p referred s to c k 4 % (V 8 7 , p 1160) n o n -cu m
4 % d e b e n tu re s took su b j to call a t par £ 1 ,1 5 0 ,0 0 0
O rd in ary s t o c k __________________________ ______________
D eb en tu re s to c k 7 % " B ” su b j to call 120 o u m ------S e co n d d e b e n tu re s to c k red a t 105 sin ce 1911 -------M ex E d e b s to c k C 150.000 gu ar red 105 s in ce 1914
I n t e r s t a t e R R ( o f V a )— E q u ip tr u s t ser A d u o
5 3 7 ,0 0 0 o r $ 3 8 ,0 0 0 y o a r lv
_
---------- P liP
E q u ip t r ser B d u o 575 ,00 0 y r ly ca ll 1 01---------- P h P

1 ,1 0 6
1 .1 0 6

74

1879
1880
1916
1911
1911
1908
1913
1916
1886
1912
1912

5100
100

6 00 <5cc

1.000

1,000 & c
$ £ fr

£.

S to c k
S to o k
S to ck

£100
£100
£100

1913
1917

G ross in c o m o _________________________ 5 20 ,1 2 2 ,5 8 7 5 1 8 ,9 8 2 ,0 8 0 5 1 9 ,1 4 4 ,2 4 6
T o t a l d e d u c tio n s ________________________5 11 ,4 0 9 ,2 6 0 5 1 0 ,9 1 3 ,5 9 6 5 1 1 ,1 1 9 ,6 6 6
D iv id e n d s ............................................... ( 2 0 % ) 7 ,0 0 0 ,0 0 0 (2 0 )7 0 0 0 ,0 0 0 (1 5 )5 2 5 0 ,000
* 5 1 ,0 6 8 ,4 8 4

$ 2 ,7 7 4 ,5 8 0

* A fte r a d d in g su rp lu s o f Q u e e n sb o ro s u b w a y , $ 17 8 ,6 8 8 in 1915-16 a n d
$ 5,6 63 in 1914-15, th e b a la n co , su rp lu s, fo r tb o r e s p e ctiv e years w as $ 1 ,8 9 2 ,­
015 In 1915-16 a n d $ 1 ,0 7 4 ,1 4 7 in 1914-15.

No. Passengers Carried and Gross Oper. Revenues (in Millions) , June 30 Yrs.
1905
3 39
$ 16

1907 1908 1909
4 49 483 514
$22 $24 $ 26

1910 1911
562 678
$ 28 $29

1912 1913
607 6 34
$31 $32

Rate

%

S ee t e x t
$ 3 ,4 0 0 ,0 0 0
1 1,2 91 .0 0 0
198.000

6g

2 .7 0 8 .0 0 0

5g

1,000,000

6

5
1,000 11,000,000
7 6,000
6g
1,000
7 0 0 .00 0
Sg
1,000
6
699 .00 0
1,000
000
100 3 0 .0 0 0 .
000
100 10.000.
6g
1.000 2 .3 7 9 .0 0 0
to 5
1.000 3 .2 6 1 .0 0 0
5 g
fr . & c £1,000,000

In c o m e fr o m o p e r a t io n ______________ $ 1 9 ,5 4 1 ,7 5 6 $ 1 8 ,3 5 8 ,4 4 9 $ 18 ,5 3 1 ,3 9 3
N o n -o p e r a tin g In co m e _________________
580,831
623 ,63 1
6 1 2 ,85 3

Surplus * ................................................... * 5 1 ,7 13 ,3 2 7

Amount
Outstanding

Par
Value

R E P O R T .— Y e a r en d in g Ju n o 30 1916, V . 103, p . 1115. 1131.
(S ee a lso “ I n t e r b .C o n s o l.C o .’ ’a b o v e )
1915-16.
1914-15.
1913-14.
G ross op era tin g ro v o n u o ______________ 5 3 5 ,8 9 1 ,5 2 8 $ 3 3 ,4 3 3 ,7 4 3 $ 3 3 ,5 1 5 ,3 9 5
O p er a tin g oxp on ses_____________________ $ 1 4 ,0 0 8 ,1 6 6 $ 1 2 ,9 4 1 ,3 1 4 $ 1 2 ,9 0 2 ,0 5 3
T a x o s ................................................................. 2 ,3 4 1 ,6 0 6
2 ,1 3 3 ,9 8 0
2 ,0 8 1 .9 4 9

P assengers
G rosl

69

RAILWAY STOCKS AND BONDS

1914 1915 1916
651
647 684
$33
$33 $36

Guy

E~.

T h M C o c h r a n V * fchas f B . ~Im dlo’w , D an ie l G . R e id a n d
' f7. ' Star b a r d ,
N ow Y o r k ; T . D o W itt C u y le r. P h ila d e lp h ia .
P r o s ., T . P . S h o n ts; V .- P .,
F ran k H e d le y , D a v id \V. R oss; S e c., II. M . F ish er; T r o a s ., J o h n II. C a m p ­
b ell.
O ffic e , 165 B ’w a y , N . Y . — (V . 104, p . 7 6 4 , 2 11 8 , 2 3 4 3 , 2 4 5 2 .)

When
Payable

M
M
M

&
&
&
&
&

&

&
&
A
J
M

&
&

J an 2 1913 4 %
N ov 11919
M a y 1 1920
N o v 1 1917
A u g 1 1941
A u g 1 1914
O O c t ’ 1 7 -O ct T 8
A A u g 1 7 -A u g '23
J J u ly '1 7 -J a n '26

N
N
N
A
A

O
J

& N

£ 1 ,4 0 0 ,0 0 0 4 In 1913

£1,000,000

M & S 15

£ 1 ,1 5 0 .0 0 0
£ 1 .7 0 0 ,0 0 0
£ 4 6 9 ,4 5 9
£ 1 ,3 0 0 .0 0 0
£ 4 0 0 .0 0 0

7
4H

226 .00 0
750 ,00 0

5
5 g

6

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

A u g 15 '1 4 114 %
A pr 11931
J an 1 1972
M ay 1 1972
D e c 19 1913 4 %
N ov 1 41 9 1 2 2 %
S e p t 15 1950

’ 11-’ 12 S ept 15 1950
M & N 3 0 N o v 3 0 1950
J & D 15 Jan 1 1984

E q u ita b le T r C o . N
O ffic e . 165 B ’ w a y .
G u a r a n ty T r u s t C o ,
A u g 1914 c o u p n o t
A u g 1914 c o u p n o t
G u a r a n ty T r u s t C o ,
B la ir * C o , N Y
F irs t T r & S a v B k ,

Y
N Y
N Y
p a id
p a id
N Y
C h ic

O ffic e , 17 B a tte ry P I, N Y
do
do
E m p lr e T r C o .N Y .I jo n , &c
London
do
do
S ee te x t
L ondon
S ee te x t
See te x t

Jan 1918 t o ’23 P h ila d e lp h ia
do
A p r 1 ’ 18 t o ’27

ch ase a fte r J u n e 1978 a t a p rice to b e fix e d b y a rb itr a tio n . S u b s id y in
G u atem a la o n so m e lines $ 7,3 20 per k ilo m e te r; o n o th e r lines, $3,2 00 p e r k .
In S a lv a d o r . $ 7,0 00 g o ld p er k ilo m e te r, p a y a b le m o n th ly fro m ce r ta in Im ­
p o rt a n d e x p o r t d u tie s.
H as tra ffic a gre e m e n t w ith U n ite d F ru it C o. b y
w h ic h p ro d u c ts o f F ru it C o m p a n y w ill be carried In t e rrito ry s e rve d .
S to c k a u th o riz e d , as in creased fro m $ 7 ,5 0 0 ,0 0 0 in A p r il 1912, $30,000,00(1
o o m m o n and $ 10 ,0 0 0 ,0 0 0 5 % p r e f.: p a r $100. P r e f. Is e n title d t o share
e q u a lly In all d iv id e n d s p a id In an y yea r a fte r 5 % has been p a id o n b o th
s to c k s .
V . 9 5 , p . 5 44 . F irst q u a r . d lv . o n p r e f., 1 ) 4 % , p a id A u g . 15 1912;
N o v . 15. U i % : 1913. 5 % (1 H % & .- F .) ; 1 914, F o b ., M a y a n d A u g . 1 5 ,
1 1 4 % ; n o n o s in ce t o O c t . 1916.
B O N D S .— F o r 6 0 -y e a r g o ld 5s o f 1912 (£ 4 ,5 0 0 ,0 0 0 a u th . Issue, w h ic h
m a y b e in creased t o £ 6 ,0 0 0 ,0 0 0 ) see V . 9 4 , p . 1449; V . 9 6 , p . 1488.
T h e $ 3 ,5 0 0 ,0 0 0 b o n d s Issued b y th e In te rn a tio n a l R y s . c o v e r in g all lines
as a s e c o n d lien b o r e Interest a t 2 % th e fir s t y e a r , 3 % th e 2d y e a r . 4 % th e
3 d ye a r a n d 5 % th e re a fte r; $239 ,0 0 0 p u rch a se d an d In tro a s. D e c . 31 1916.
T h e $ 2 ,5 0 0 ,0 0 0 G u a te m a la C en tra l 1st M . 6s d u e O c t . 1 1916 w ere e x ­
te n d e d till 1931: S 121.000 p u r c h . and in treas. D e c . 31 1916.
R E P O R T .— R e p o r t fo r c a l. y e a r 1916 in V . 104, p .2 4 4 6 , s h o w e d : G r o s s ,
$ 2 ,5 7 5 ,6 1 9 ; n e t, a fte r ta x e s, S I ,3 7 8 ,101; o th e r in c o m o , $ 4 0 ,8 1 1 ; in t ., d is ­
c o u n t s , & c ., $ 5 8 7 ,7 0 0 ; b a l., s u r ., $ 83 1 ,2 1 3 .
O F F I C E R S .— M in o r O . K e it h , N e w Y o r k , P re s id e n t. P re s . N o rth e rn
R y s . C o . o f C o s t a R ic a , V lc o -P re s . U n ited F r u it C o .; H e n r y M . K e it h ,
N . Y . , V ic e -P r o s .; E d w a rd S . H y d e . S e c. * T r e a s . N . Y . o f f i c e , 17 B a t ­
te r y P la c e .— (V . 100, p . 2 082, 2163; V . 104, p . 2 4 4 0 .)

INTEROCEANIC RY, OF MEXICO. L T D — V e ra Cruz t o M e x ic o C ity .
M e x ., 338 m iles; L o s R e y e s t o P u e n te d e I x t la , 123 m iles; L o s A r c o s t o
C u au tla, 102 m .; 3 b ra n ch e s, 3 0 m .; M e x ica n E astern R y . (V . 73, p . 1263)
124 m iles; leases M e x . S o u th e rn R y . , 313 m iles (see b e lo w ); to ta l, 1,031 m .
I N T E R N A T I O N A L & G R E A T N O R T H E R N R Y . — [See Map Missouri
C on cession s end F e b . 1982, a fter w h loh r o a d passes t o S ta te a t a v a lu a tio n .
Pacific.)— T o t a l systom J u ly 1916. 1 ,1 5 9 m ile s , v i z .;
O n J a n . 1 1910 t o o k o v e r u n der lease th e M e x ica n
S ou th ern from
Lines owned—
Miles.
Lines owned ( concl.)—
Miles. J an . 1910 fo r th e term o f Its co n ce ss io n s . N a t. R y s . o f M e x . will assum e
L o n g V iow J e t ., T e x . , t o H o u sto n 232 M a g n o lia P a rk T e r m in a l__________ 10
lease fro m F e b . 13 1982. V . 8 9 . p . 2 25 . 2 8 6 , 1223, 1542.
P a lestin e t o L a r e d o ............... ........... 413 S u n d ry b r a n c h e s __________________ 120
N a t. R y s . o f M e x ico (w h ich see) ow n s £ 1 .0 3 8 ,4 5 0 o f th e 2 d d e b e n tu res ,
S pring to F t . W o r t h , T .& P .C o n n ,2 7 2
Joint Trackage—
Miles.
£ 1 ,3 1 0 ,5 0 0 o r d in a r y a n d £ 24 4 ,8 0 0 p r e f. s to c k . A b o u t A u g . 15 1914 th e
H ou s ton to E ast C o lu m b ia b r e h . 50 G a lv . H o u s to n & H e n d e r s o n ____ 49
M e x . G o v t , to o k possession o f th o ro a d a n d leased lin es.
V . 100, p . 5 5 .
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 . 10 1911 an d
Seo N a t. R y s . o f M e x ic o .
In J u n o 1917 p r o p e r ty w as still o p e ra te d b y M e x ic a n G o v e r n m e n t.
s u cceed ed th o In t . & G r e a t N o r . RR. fo r e c lo s e d J u n o 13 1 911, p e r p la n In
V . 9 2 , p . 1310. T h e I . & G . N . H o ld in g C o r p o r a t io n w a s in c o r p o r a te d in
S E C U R I T I E S .— T h e d e b e n . s to c k h o ld e rs In 1914 a p p r o v e d a p lan (V .9 9 ,
V irgin ia in N o v . 1911 w ith f 6 joOO.OOO c a p ita l s t o c k , a n d o w n s th e co m n fo n
p . 4 8 , 674) u n d er w h ich (1) th e Installm ents or Interest p a y a b le on
s to c k o f th o r a ilw a y . See \ . 9 3 , p . 1386; V . 9 5 , p . 176.
th e 4 % d e b . s to c k S e p t. 15 1914 a n d M a r c h 15 1 915 a n d o n th e 4 ) 4 % 2d
T h o ca sh requ ired b y p lan ($ 1 5 ,3 4 0 ,0 0 0 ) w as raised as fo llo w s : (a) b y sale
d o b . s to c k M a y 30 a n d N o v . 30 1914 w ero p a id in 5 % d e fe rre d w a rran ts;
to ban k ers o f $ 1 1 ,0 0 0 ,0 0 0 3 -y e a r 5 % n o te s d u e A u g . 1 1914 (p r ln . a n d ln t .
(2) th e Installm en ts o f re n t p a y a b le un der lease, (a) t o M e x ica n E astern R y .
o n w h ich a re n o w in d e fa u lt), se cu re d b y d e p o s it o f $ 1 3 ,7 5 0 ,0 0 0 1st r e f. M .
on Ju n e 7 and D e c . 7 1914, a n d ( 6) t o M e x ic a n S ou th ern R y . J u n e 3 0 ,
b o n d s , o f w h ich $ 1 2 ,1 5 0 ,0 0 0 w a s d e p o s ite d b y th o n o w c o . an d $ 1 ,6 0 0 ,0 0 0
J u ly 28 a n d D e c . 31 1914 a n d J an . 28 a n d A p r . 27 1915 w ero s a tis fie d b y
b y th o s y n d ica te ; a n d ( 6) b y th o sale t o a s y n d ic a te o f 5 1 ,6 0 0 ,0 0 0 1 st re f.
5 % c c r tfs . o f in d e b te d n e ss.
V . 101, p . 130.
M . b o n d s , $ 3,4 0 0 ,0 0 0 p re f. s to c k an d $ 2 ,5 0 0 ,0 0 0 c o m . s t o c k .
V . 9 2 ,p . 1310.
H old ers o f th e 4 % d e b e n tu re s to c k a n d 4 H % s e c o n d d e b e n tu r e s to c k
Receivership— O n A u g . 1 1 1 9 1 4 J a m e s A . B a k e r , o f H o u s t o n , a n d C e cil A - w ero t o v o t e M a y 22 1917 o n ex te n d in g th e m o r a to r iu m g r a n te d In Ju n e
1915 fo r a fu r th e r th re e ye a rs fr o m M a y 2 9 , h a v in g reg ard t o t h o c o n d itio n
L y o n (d ecea sed ) w ere a p p o in te d re c e iv e rs , b o th th e p rin c ip a l a n d interest
o f affairs in M e x ic o a n d t o th e fa c t t h a t t h e c o m p a n y ’s ra ilw a y a n d its
o f th e $ 1 1 ,0 0 0 ,0 0 0 3 -y e a r notes b ein g in d e fa u lt. V . 99 , D. 4 6 7 , 4 0 6 , 3 42.
leased
linos aro still in t h e h a n d s o f th o G o v e r n m e n t o f M e x ic o . V . 104,
T h o $ 1 ,4 0 0 ,0 0 0 0 % 1 -y e a r re ce iv e rs c e r tific a te s , d u e M a y 1 1917, h a v o
p . 2 343; V . 100, p . 2 29.
.
been ex te n d e d , p a y a b le o n or b e fo ro N o v . 1 1917. V . 10 2 . p . 1623: V . 100,
p . 1510, 1592. F oreclosu re salo p o stp o n e d in d e fin it e ly . V . 1 0 0 ,p .2 009. 1752.
D I V I D E N D S o n 1st p r e f.. 4 ) 4 % 1908 a n d 1 909, 6 % 1910 a n d 1911
5 % e a ch ( M . & N . ) .
In 1912, N o v . , 5 % ; 1 913, D e c ., 4 % . O n 2 d p r e f .,
Protective Committee for Gold Notes.— A le x a n d e r J . H e m p h ill, C h a ir m a n !
1 % 1909; N o v . 1 910. 4 % ; N o v . 1911. 4 % ; N o v , 1 912. 2 % ; 1 9 1 3 . n o n e .
W m . O . C o x , S ecreta ry; G u a r a n ty T r u s t Co.,N . Y . , d e p o s it a r y . 9 0 % has
been d e p o s ite d . V . 0 9 , p . 3 42, 4 06 , 4 6 7 , 6 3 8 , 8 9 4 , 1300, 1451.
R E P O R T .— F o r 1912-13 in V . 97. p . 1 895. V . 1 00, p . 5 5 .
S T O O K .— O f th e c o m . s to c k $1,422,000 w as issued Juno30 1913, th o re­
Av. Miles.
Gross.
Net.
Net in £ .
m ain in g $5,078,000 b ein g held fo r e xch a n g e fo r a lik e a m o u n t o f co n d itio n a l
1 913-14.................... 820
(M e x .)$ 9 ,1 4 7 ,8 4 2
(M e x .) $ 2 ,7 3 5 ,5 7 2
£ 17 6 ,9 0 3
Interim c o r t ific ’s , if. as and when Issued, u n der agre e m e n t d a to d N o v . 7 1911.
191 2 -1 3 ....................1.031
(M e x . ) 9 . 121.389
(M e x .)3 .2 5 5 .3 6 2
3 2 2 .7 2 0
T o t a l n e t Inc. In 1913-14, £ 181,393; ch ge s . & Int. o n d e b . s t k ., 2 1 4 ,8 2 7 ;
D I V I D E N D S .— F irst d lv ..o n p r e f. s t o c k , 1 % , A u g . 1 19 12 J a n . 2 1913,
p a id t o V era C ru z T e rm in a l C o ., L t d ., £ 2 0 ,8 8 0 , t o m ak e u p d e fic ie n c y In
4 % , m ak in g 5 % fo r y o a r en din g Ju n e 30 1913. V . 9 5 . p . 111.
d e b . Int. a n d w o r k in g expen ses; b a l., d e f ., £ 5 4 ,3 1 4 . N . Y . o f f ic e , 2 5 B ro a d
B O N D S .— O f th o now 1st R e f. M . 3 0 -y r . 5s ($ 5 0 ,0 0 0 ,0 0 0 a u t h .) ,$ 1 2 ,1 5 0 ,.
S t.— (V . 101, p . 130; V . 103, p . 844; V . 104, p . 2 3 4 3 .)
000 h a v o been p le d g e d as s e cu rity fo r th e 5 % n o te s d u o A u g . 1 1914 a n d $ 1 .I N T E R S T A T E R R . (O F V A . ) .— O p erates a b o u t 54 m iles o f t r a c k in
S ou th w e ste rn V irgin ia , o f w h ich p a r t is o w n e d , e x te n d in g fr o m S to n e g a
v ia N o r t o n t o G la m o rg a n , & c.
I n M a r c h 1917 h a d n o fu n d e d d e b t , o t h e r
e r t y a t (In clu d in g u n d erlyin g b o n d s) a b o u t $ 2 0 ,5 0 0 p er m ile . V . 9 4 , p 3.r)f).
th a n e q u ip m e n t tru s t ce r tific a te s , w h ich aro b e in g retired a n n u a lly . T h e
T h o interest o n 1st M . 0s o f 1879 w as p a id w h e n d u o M a y l jl 9 1 7 .
L ia b ility
lines h a v e d ir e c t c o n n e c t io n w ith th o S o u th e rn R y ., L o u is v ille & N a sh v ille
f o r loa n o f $ 158,447 m ad e in 1908.
V . 104, p . 2 118.
R R . , N o r fo lk & W e ste rn R y . a n d th e C a r o lin a C lin ch fie ld & O h io R y .
s yste m s. T h o p r o m p t p a y m e n t o f t h e ren tals s p e c ifie d in t h o e q u ip m e n t
I n A u g . 1913 $ 1 ,0 0 0 ,0 0 0 5 % e q u ip , b o n d s w ero s o ld . V . 9 7 , p . 5 21, 7 29.
tru st a greem en ts o f 1913 a n d 1917 (V . 9 5 , p . 1608; V . 104, p . 1045) is gu ar­
E A R N I N G S .— 4 m o s ., (1 9 1 7 ...............G r o ss , $ 3 ,5 2 4 ,0 2 1 ; n e t, $ 63 6 ,6 4 3
a n te e d b y th o V irgin ia C o a l & I r o n C o . (V . 9 1 , p . 1 6 3 6 ), w h ic h o w n s 9 9 %
J an . 1 t o A p r . 30.
\1916............... -G r o s s , 3 ,0 6 0 ,8 4 0 ; n o t, 427 ,59 4
o f th o c a p ita l s to c k . T h e C o a l & Iro n C o . has re p o rte d n e t earnings o f
R E P O R T .— F iscal y ea r ch an ge d t o D e c . 3 1 . R e p o r t fo r y*oar 1915-16
$ 3 4 9 ,7 1 5 fo r t h o ca le n d a r y e a r 1916, a fte r t h e p a y m e n t o f o p e ra tin g ex­
In V . 103, p . 1506.
„
pen ses, ta x e s a n d fix e d ch arge s. P res, o f R R . , H a rry L . M ille r , B ig s to n e
1915-16.
Dec. 31 16.
1914-15.
1913-14.
G a p , V a .; S e c .-T r e a s ., H a rrie B . P r ic e , L a n d T it le B ld g ., P h ila .— (V . 95,
G ross ea rn in g s __________$10,76 6 ,9 4 5 $ 9,4 20 ,2 9 1
S 9 ,96,3,407
$ 9 ,0 8 3 ,6 2 6
p . 1608; V . 104, p . 1045.)
1,162,081
N e t fo r in te re s t_________
3 ,6 2 7,52 2
264 ,32 7
8 7 7 ,0 3 4
8 1 3 ,61 2
In t . o n fu n d e d d e b t __________________ 832,337
JACKSONVILLE TERMINAL RY. — O w ns u n io n passenger d e p o t s ,
8 4 2 ,4 8 2
1.30 7,73 0
6415,53 9
O th er in t. & m ls c e ll__________________ 2 ,2 3 1,14
5 lo c o m o tiv e s , & o ., a t J a c k so n v ille , F la ., in clu d in g 3 1 .1 6 m iles o f tra ck
543 ,24 2
18,200
used b y A t l. C oast L in e R R . , S e a b o a rd A ir L in e , F lorid a E ast C oast
R y . , S ou th ern R y . an d G eorgia S o u . & F lorid a R y ., w h ich ow n en tire
B a l a n c e ........................... sur$564,040 d e f$ 2 9 3 ,0 7 6 d f$ l ,1 2 1 ,3 97 d e f$ 1 4 8 ,8 9 6
s to c k ($ 2 0 0 ,0 0 0 ). P la n s fo r n ow pa ssen ger te rm in a l, t o c o s t a b o u t $ 1 ,0 0 0 ,­
D ir e c to r s .— F ra n k J. G o u ld (C h a irm a n ) an d K in g d o n G o u ld . N e w Y o r k ;
0
0 0 , w ere a c c e p te d in A u g . 1916- T h e A t l . C o a s t L in e , S e ab o a rd A ir L in e
It. L a n ca ster W illia m s, B altim ore; T h o m a s J . F re e m a n , N o w O rleans;
an d F la . E a s t C o a s t e a ch g u aran te e
a n d t h e S o u th e rn R y . a n d G a . S o . &
F red . W . C o o k , San A n to n io ; A . G . W h it tin g to n , Jesse I I. J o n e s , W a lte r
F la . e a ch 14 o f th o in t. u n d e r t h e ren ta ls a n d m e e t exp en ses o n w h eelage
K y le M o r r o w a n d A . It. H o w a rd , H o u s to n . P r e s ., T h o s . J . F reem an ;
basis,
th
o
A
t
l.
C
o
a
s
t
L
in
e
,
S
e
ab
o
a
rd
A
ir
L in e a n d F la . E a s t C o a s t R y . gu a r­
1 st V .- P ., G . I I. T a y lo r ; 2 d V .- P .. A . G . W h ittin g to n ; S e c ., A . I t . H o w a rd .
a n te e in g b y e n d o rs e m e n t th e p r in . a n d in t . o f a b o v e b o n d s . L o a n s and
O ffic e , H o u s to n , T e x .— (V . 104, P- 7 64, 9 52 , 2 1 1 8 .)
b ills p a y a b le o u ts ta n d in g D e c . 31 1916, $ 3 5 4 ,7 7 0 .— (V . 7 1 , p . 135.)
INTERNATIONAL R AILW A YS OF CENTRAL AM ERICA.— Own*

536 m iles o f 3 - f t . gau ge ra ilw a y ; m ain line a n d bra n ch es.
In c o r p o r a te d In N ew Jersey June 8 1904 as G u atem a la R y . , n am e b ein g
ch an ged In A p ril 1912 a n d G u atem ala C entral I t lt . (V . 7 9 , p . 9 02, 903)
tak en o v e r .
H as lon g con ce ssio n s, th a t In G u atem a la giv in g the G o v e rn ­
m ent th e righ t, a fte r Jan . 2003. to purchase th e lines a t an a rb itra te d p rice .
U nder th e 9 9 -y ca r con cessio n In S a lv a d o r, th e railw ays In 2007 are t o be­
co m e th e p ro p e rty o f th e G o v t, w ith o u t In d e m n ity, w ith th e righ t to pur­




J A M E S B A Y & E A S T E R N R Y .— See Issue o f F e b . 1917.

JAMESTOWN FRANKLIN & CLEARFIELD R R .— See N . Y . O . RR .
JEFFERSON R R .— O w ns L a n e s b o r o , P a ., t o C a r b o n d a le , P a ., 37 m l )
l o u b le tra ok ; b ra n ch , W e st H a w le y , P a ., t o H o n e s d a le , P a ., 8 m iles. L e a s 1
in p e rp e tu ity fo r $ 15 4 ,9 4 0 per annu m t o E rie R R . , o w n e r o f ($ 2 ,0 9 5
700) s to o k .
U sed b y D . & H . t o reach C a r b o n d a le .— ( V .8 7 . p. 1479.)




J une , 1917.]

71

RAILWAY STOCKS AND BONDS

RAILROAD COM PANIES
£For abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

Iow a C entral— See M in n eapolis A S t L ou is
31 1894
J a c k so n v ille T e rm — 1st M (cold tru J 5 0 0 .0 0 0 - . M d . x o *
J a m e s t o w n F r a n k l i n & C le a r f i e l d — See N o w Y o r k C o n t ’l R R
1867
J e ffe rso n — 1st A 2d Ms e x t In ’87 & ’89 (H ’ d ale B r ) . . o
37 1889
1st M g e x t 1908 red 105 gu p A I---------------------- F P .o*
90 1905
J o n e s b o r o L ake C ity & E astern — 1st M $ 1 ,0 0 0 ,0 0 0 . x
J op lin U nion S ta— 1st M gu J’ tly red 105 a ft o yrsxo*
- - - 1910
J u n ction (P h ila d e lp h ia )— See P e n n sy lv a n ia R R
1908
K a n a w h a B ’ g c & T C o — 1st M g r e d l0 5 b e g ’ 16 sf F P .x
K a n a w h a & M ich — S to c k $ 1 0 .0 0 0 .0 0 0 ------------ - - — 164 1890
1st M $ 1 5 ,0 0 0 p er m ile g gu ar p A 1............... C e.xo*
1907
S co o n d m tg e $ 2,5 0 0 ,0 0 0 auth g o ld red p a r . . Q xo*
1912
B a u lp m e n t g $ 6 0 ,0 0 0 s -a r e d p a r ( V .9 4 ,p .l ( 5 !l o ) U n - .x
1914
do
g $ 60 ,0 0 0 s -a r<xl p ar (V 9 9 . p 3 4 2 )- U n
38 1905
K a n a w h a & W e s t V a — F irs t M g see t e x t ---------c *
K a n a w h a & W V a O a r tru st as o f D e c . 31 1916
K a n sa s C ity B elt— S ee K a n C ity T erm in a l R y
162 1885
K a n s a s C ity C lin ton & S p rin g— 1st M g g u a r ._ N B .x o
1916
K a n s a s C it y C o n n e c t i n g — 1st M a u th ( ? ) ----------------K a n sa s C ity F ort S cott & M em p h is R y —
1.085 1901
26 1882
715 1888
K a n sas C ity F t S c o t t & M em phis R R con s M N B .x o*
82 1887
C urrent R iv e r R R 1st M $20 ,00 0 p m g u a r ... N B x
1889
K a n s C y A M R y & B d g e 1st M g s f d raw n a t 110xo*
285 1894
285 1894
285 1894
do
39 1902
B lrm B elt 1st M g o ld red 102 « gu ar p A I em
30 1907
K an C ity & A lcm p h ls— A rk O kl A W 1st M g
56 1911
K C A M m tg e g $18 ,00 0 p m red 107 H s f M:
K C M e m p h is R y & B r id g e C o — See F o r t S c --------- M e m ph is
K a n s a s C it y M e x ic o & O r ie n t — S to c k soo t e x t ------T w o -y e a r g o ld notes $ 6,0 0 0 ,0 0 0 red p a r ---------- " '
1914
b I n clu d e s $451,000 h e ld a liv e In Bl
fu n ds

8

Par
Value

$1,0 00

1.000
1.000
1,000
1.000
1.000
100
1.000
1.000
1.000
1.000

Amount
Outstanding

Rate
%

$500,000

5g

3 00 .00 0 4 H A 6
2 .8 0 0 .0 0 0
5 g
724.000
5 g
6 50 .00 0
4 * g

When
Payable

Last Dividend Places Where Interest and
Dividends are Payable
and Maturity

J

A

J J u ly 1 1939

G u a r a n ty T ru st C o . N Y

J
A
M
M

A
A
&
A

J
<)
S
N

’ 2 7 -J a n ’ 29
1 1919
1 1925
1 1940

F id e lit y T ru st C o , P h ila
E rie R R . N ew Y o r k
M e r c T r u s t C o , S t L o u is
P h il T r . S D ep A In s Co

A pr 11948
J u n e 3 0 '1 7 1> *%
Apr 11990
J u ly 1 1927
J u ly '1 7 -J u ly '22
J u ly '1 7 -J u ly ’ 24
J u ly 1 1955
D e c 1 1919

F id e lity T ru st C o , P h ila
J . P . M orga n A C o , N Y
C entral T ru st C o , N Y
J P M o rga n A C o , N Y
U n io n T r u s t C o , N Y
do
do
S c r a n to n (P a ) T ru st Co

O ot 1 1 9 2 5
J an 1 1946

A p r il 1915 c o u p n o t p a id

4 85 .0 0 0
A
A O
9 .0 0 0 ,0 0 0 5 In51915
Q u a r.
A A
2 ,4 6 9 ,0 0 0
4 g
2 .5 0 0 ,0 0 0
A
5 g
■I
J
720.000
A
4K g J
J
&
J
9(50,000
4H g J
1 .4 7 7.00 0
A
J
J
119,000
5*“

o

o

J u ly
A pr
S ept
M ay

1.000

3 .2 7 4 .0 0 0

1 ,0 0 0 A o

2 5.8 3 5 .0 0 0
390,000
13,736.000
1,606.000
b3,000,00C
3.3 2 3,39 0
293,780
5,629.500
.000.000
300.000
608.000

5
53 g
4
5
5
4 g
g
5 g

A
A
A
A
A
A
Sept
M A
A A
A
J
M A

5 .6 4 0 ,2 0 0

6g

A & O 30 A p r 3 0 1916

1.000
1.000
1,000
1,000

5 00 A c
5 00 A c
5 00 A o

1,000 1
1.000
1.000
100 20.000.000

J O N E SB O R O L A K E C I T Y & E A S T E R N R R .— O w n* J o n e s b o r o t o B a r­
fie ld . A r k ., 6 3 .1 6 m iles; O sce o la J e t. t o O s ce o la , A r k ., 14.39 m .; M id w a y t o
L u x o ra , 1.4 m .; M id w a y t o M o o r e s L d g .. 0 .5 m .; R oss t o W ils o n , 16.95 m .
(form er W ils o n N o rth e rn R y .) ; to ta l, 9 6 .4 0 m ile s. S to c k . $ 6 0 0 ,0 0 0 .
B o n d s , $ 72 4 ,0 0 0 ou ts ta n d in g , o f w h ich $ 7 0 ,0 0 0 aro p lc d g o d as co lla te r a l.
B an k o f C o m m o rc o & T r u s t C o ., M e m p h is , tru sto o . L o a n s a n d bills
p a y a b lo J u n o 3 0 1915, $ 2 2 3 ,5 6 6 . F o r y e a r e n d ln g D e c .3 1 1916, gro ss, $ 3 4 4 ,­
6 94 ; n o t, $ 8 7 ,9 4 6 ; in t ., ta x e s, & c ., $ 1 1 7 ,9 1 4 ; b a l., d o f ., $ 29 ,9 0 8 . P r e s .,
R . L eo W ils on ; T r o a s ., V . O . P e ttlo . O ffic e , J o n e s b o r o , A r k .— (V . 9 8 , p .
1844; V . 103, p . 239 .)

A

A

5 *
4 g
5

6

6

A
F
M
A
A
M

o

O ct
A Aug
N M ay
O O ot
O ot
M ch
M oh
M ch
O ot
J J an
N M ay

o
s
s
()

1 1936
1 1922
1 1928
1 1927
1 1929
11934
1 1934
1 1934
1 1922
1 1947
1 1961

B an kers T ru st C o , N Y
O ld C o lo n y T r C o , B o sto n
B an k T r u s t. N Y ; A B ost
O ld C o lo n y T r C o , B o ston
B a n k T r C o . N Y ; A B ost
O ld C o lo n y T r u s t C o
do
do
do
do
B an k e rs T r u s t C o
J u ly 1915 c o u p n o t p a id
N o v 1914 c o u p n o t p a id
P r in . o v e r -d u e . See te x t.

$ 7 ,7 3 4 ,7 3 0 , as w ell as a n y b o n d s n o t used o r r e q u ire d fo r re fu n d in g p u rp o s e s,
a re reserved fo r Issue fo r a d d itio n a l lines a n a e x te n s io n s , a t n o t exce e d in g
$ 2 2 ,5 0 0 p e r m ile t h e re o f. A s to g u a r a n ty , see ’ • orga n iza tion ," a b o v e .
V . 75. p . 8 5 3 . See V . 8 7 . p . 4 14 ; V . 9 1 . p . 3 8 . 154; V . 9 2 . p . 1311; V . 93
p . 4 5 ; V . 9 4 . p . 2 79 .
In 1912 th e K . C . F t . S c o t t A M e m . R y . h a d g u a r a n te e d th e Int. o n a ll
e x c e n t $ 29 3 ,7 8 0 o f th e $ 6 ,3 2 2 ,7 8 0 K . C . M em . A B lrm . In com e b o n d s .
V . 7 4 , p . 4 7 7 , 5 77; V . 1 03 , p . 2 3 4 0 . A s t o K. C . M e m . R y . & B r id g e , see
V . 7 8 , p . 1549; V . 9 9 , p . 1597: V . 1 02 . p . 8 0 0 .
Birmingham Belt b o n d s are g u a r a n te e d , p rin cip a l a n d In terest. J oin tly b y
K a n sa s C ity M em p h is A B lr m . a n d S t. L . A S an F r a n . V . 7 5 , p . 1147.
J O P L IN U N IO N D E P O T C O .— O w ns u n io n fre ig h t an d passenger s ta tio n
on 26 a cres a t J o p lin , M o ., c o m p le te d In 1911. used b y the A tc h is o n T o p o k a
E A R N I N G S .— F o r y e a r en d in g Ju n o 30 1916, gr o ss . $ 1 3 ,6 1 8 ,2 9 8 ; n e t .
A S a n ta F o, K a n sa s C ity S o u th e rn , M issouri K a n sas A T e xa s an d M issouri
$ 4,0 41 ,9 8 7 : oth e r In com e, $ 44 2 ,9 7 9 ; fix e d ch argos, $ 3 ,7 1 9 ,3 7 4 : p ro f. d iv s .
A N orth A rk a n sas, w h loh Join tly o w n th e $40 ,00 0 s to c k an d J o in tly
( 4 % ) . $600 ,0 0 0 ; b a l.. s u r ., $ 16 5 ,4 1 0 . In 191 4 -1 5. gro ss. $ 1 2 ,7 8 0 ,1 2 0 ;
a n d s evera lly g u a ra n tee th e b o n d s , p rin . an.-l in t. O f th e b o n d s ($ 7 5 0 ,0 0 0
n e t . $ 3 ,8 6 1 ,6 1 2 .— V . 103, p . 2 3 4 0 .)
a u t h .), $ 05 0 ,0 0 0 s o ld . T o t a l s to o k a u t h ., $ 7 5 0 .0 0 0 .— (V . 9 0 , p . 5 0 2 , 6 2 7 .)
K A N S A S C I T Y & M E M P H IS R Y .— R o g e rs t o S lloa m S p rin gs, A r k ., 30
KA NAWHA B R I D G E & TERMINAL C O — O w ns b rid g e a cross th e G rea
m iles; F reem a n t o M o n te N o , 6 m .; C a v e S prin g t o F a y e tte v ille , A r k ., 20
m . , to ta l, 56 m ile s. A b s o r b e d th e A rk . O k la . & W e s t . R R . a n d M o n t e N b
K a n a w h a R iv e r near C h a rleston , W . V a .. used fo r ra ilw a y, street ra ilw a y
R y . in A p ril 1911. V . 9 2 . p . 8 8 1 . 1109; V . 9 4 , p . 2 0 7 . $ 10 0 ,0 0 0 r e c e iv e r’s
a n d general t r a ffic . S to c k , $ 4 0 0 ,0 0 0 . o w n e d b y O h e s. & O h io , w h ic h o p ­
c e r tifica te s h a v e been a u th o riz e d , o f w h ic h $ 8 0 ,0 0 0 (6 % 3 -y e a r , d a te d
erates p r o p e r t y . B o n d s , see ta b le an d V . 9 1 , p . 1629. Y e a r 1 91 5 -1 6 ,
J an . 1 1 9 1 6 ), Issued t o M a y 31 1916. V . 102, p . 8 0 0 .
R e ce iv e rs w ere a p ­
gr oss , $ 4 6 ,6 2 9 ; n e t I n c ., $ 40 ,74 5 ; Int. & tax e s, $ 3 0 ,5 7 4 ; b a l., $ 1 0 ,1 7 1 .
p o in t e d in J u ly 1914. T h e y are n o w J . E . F e lk e r o f R o g e r s , A r k ., an d
KAN AW HA & MICHIGAN RY.— (See Map Toledo A Oh o Central.)—
R . O . B rig h t o f L ittle R o c k . T h e Interest o n $ 3 0 0 ,0 0 0 b o n d s d u e J u ly 1
O w ns C orn in g , O ., t o G a u ley o n C hes. A O h io , 176 m iles, Icsb 18 m iles.
1914 Is In d e fa u lt; flo a tin g d e b t w as a b o u t $ 9 0 ,0 0 0 . V . 9 9 , p . 2 6 9 , 5 38 .
P o m e r o y t o G a lllp olls, an d ) m ile , A th en s t o A rm lta g o , w h ere H o o k in g
L o a n s a n d b ills p a y a b le J a n . 1917, $ 8 ,2 0 0 ,0 0 0 .
V a lloy l t y . tra ck s aro u s ed . A ls o ow n s b ra n ch o f 11 m iles le a se d t o Z a n o s Committee for Ark. Okla. A West. 1st 6s .— F ra n cis X . Q u in n , C h a ir m a n :
villo & W ostorn R y .
B y r o n A . M iln e r . S e cre ta ry ; R e a l E s ta te T r u s t C o . . P h ila ., d e p o s ita r y .
In A u g . 1916 pu rch a sed $ 1 ,3 0 5 ,3 0 0 o f th o $ 1 ,3 5 9 ,6 0 0 ca p ita l s t o c k a n d
N e a r ly all th e b o n d s d e p o s ite d . V . 9 9 , p . 4 6 7 .8 1 6 .
In O c t. 1916 had agreed t o assum e tho $ 1 ,4 7 7 ,0 0 0 b o n d s an d th o $ 1 1 9 ,0 0 0
C a r T r . O tfs . o f K a n a w h a & W . V a . R R . , a lino e xte n d in g fr o m C h a rle sto n .
Committee for 5 s of 1911. See F . J . L lsm a n & C o . . N . Y . S ee V . 9 2 .
W . V a ., t o B la k e ly , 33 m ., w ith b ra n ch 4 m . V . 1 03, p . 8 44; V . 1 0 4 ,p .2 0 0 5 . p . 8 8 1 . 1109: V . 1 02. p . 8 00 .
H I S T O R Y . A o .— R e o r g . In A pril 1890 o f K . A O . R y . fo re clo s e d (see
E A R N I N G S .— Y e a r e n d in g J u n e 3 0 1916, g r o s s , $ 8 1 ,0 8 1 ; n e t , $ 3 ,1 2 6 ;
V . 6 0 , p . 4 5 1 .4 8 3 ). T o lo d o & O h io C on tral R y . ( V . 100, p . 1251) a cq u ire d
o t h e r in c o m e , $15; in t ., ta x e s , & c ., $ 2 2 ,6 4 3 ; b a l., d e f ., $ 1 9 ,5 0 2 .
In 1915 $ 8 ,9 4 7 ,8 0 0 o f th e $ 9 ,0 0 0 ,0 0 0 c a p ita l s t o c k . V . 9 9 , p . 1052; V . 9 8 .
N . Y . o ffic e . 30 B ro a d S t — V . 9 9 . p . 8 1 6 . 9 69 ; V . 102, p . 8 0 0 .
p . 9 12 . 15$7; V . 9 6 . p . 6 3 .
*
(T H E ) K A N S A S C IT Y M E X IC O & O R IE N T R R .— R o ad Mileage.
— T h e ro a d w h en c o m p le te d will e x te n d fro m K a n sa s C ity , M o ., t o T o p o l o D IV ID E N D S —
1911. 1912. 1913.
1914 to J u n e , 191 7 .)
b a m p o , M e x ., 1,659 m iles, w ith a c u t-o fl fro m San A n g e lo . T e x ., t o D el R i o ,
6
6
5 p . a . ( U < % Q .- M .
P e r c e n t .............................- - - - - - - 6 M
E A R N I N G S .— 4 m a s . , / 1917................... G ro ss, $ 9 8 2 ,2 4 0 ; n e t , § 1 1 7 .6 3 4
M e x ., 160 m iles, co n n e c tin g th e re , as w ell as at C h ih u a h u a. M e x ., w ith
J a n . 1 t o A p ril 3 0 .( 1 9 1 6 ................... G ro ss, 1 ,1 7 2 ,5 3 0 ; n o t , 3 4 9 ,8 8 6
M e x ica n lines fo r M e x ic o C it y . In o p e r . J u n e 3 0 1 9 1 5 . 9 6 3 .3 3 m ile s , v i z .:
R E P O R T .— R e p o r t fo r y e a r en d in g D e c . 31 1916, see V . 104, p . 2 00 5 .
Owned (incl. K . C. M . A O. R y. of Texas, 477 m .. Securities Owned), Miles.
Y ear—
Cross. .
Net.
Other Inc. Int., Ac. Dies.( 5 % ) Balance.
W lo h lta , K a n ., t o A lp in e , T e x . (e x c e p t tra ck a g e S t. L o u is A San
1 91 6 _____ $ 3,5 2 7 ,8 6 1 $ 9 8 0 ,8 5 9 $ 5 5 2 ,0 5 0 $ 3 3 5 ,5 4 3 $ 4 5 0 ,0 0 0 $ 7 4 7 ,3 6 5
F ra n cis co R R . , F o le y t o E w in g . O k la ., 12.7 8 m i l e s ............... ............7 3 7 .1 3
1 91 5 ------- 3 ,1 3 9 ,1 0 4
9 31 .67 7
2 2 5 .2 4 2
3 5 1 ,8 4 2
4 5 0 ,0 0 0
3 5 5 ,0 7 7
M arqu ez, M e x ., to T o b a la o p a ____________________________________________8 6 .7 7
P r o s ., A . H . S m ith .— (V . 103, p . 844; V . 1 04, p . 2 00 5 .)
M lnaca to S a n ch ez. M e x . (7 4.2 8 m .) ; E l F u erte t o T o p o lo b a m p o ,
6 2 .2 3 m ile s )................................................... - ........................................ ................ 136.51
K A N S A S C I T Y C L IN T O N & S P R I N G F I E L D R Y . - O w n s fro m O la th e
M o ch ls, M e x ., t o M och ls J u n c tio n , M e x ............................................................. 2 .9 2
K a n ., t o A sh G r o v e . M o
154 m iles; R a y m o r e J e t. t o P lea sa n t H ill, M o .
O R G A N I Z A T I O N .— S old u n d er fore clo s u re J u ly 6 1914, b u t in O c t. 1916
m .: to ta l. 102 m iles. S to c k . 5 1 .7 7 o .4 0 0 ,
B o n d s w ere gu ar, by th e K a n .
o n ly $ 3,0 00 ,0 0 0 o f th e p u rch a se p rice ($ 6 ,0 0 1 ,0 0 0 ) h ad been p a id a n d th s
C it y F t . S c o t t & M e m . R R . o ld c o . ) .
In D e c . 1916 th o p a s t d u e c o u p o n s
C
o
u r t t o a v o id a n ew receiv ers h ip o rd ered $ 2 4 ,0 0 0 ,0 0 0 b o n d s o f th e orig in a l
fo r 1915 an d 1916 w oro p a id in fu ll. See K . C . F t . S c o t t & M e m p h is R y .
c o m p a n y t o b e d e p o s ite d w ith it as s e c u r ity fo r b a la n c e o f p u rc h a se p r ic e .
b e lo w . Y e a r e n d . J u n o 30 1 91 6 . g r o s s , $ 3 4 9 ,9 4 0 : n o t , $ 2 2 ,9 3 1 ; o t h e r in O rd er restrain in g su ch a ctio n has b een a sk ed . In A p ril 1917 W . T . K e m p c o m o , $ 3 ,7 9 9 ; in t . on b o n d s , $ 1 6 3 ,7 0 0 ; ta x e s. $ 2 2 ,0 0 0 ; b a l., d o f ., $ 1 6 2 ,2 3 7 .
nor, o f K ansas C it y , w as a p p o in te d rec e iv e r. V . 1 04, p . 1591; V . 103. p .
— (V . 100. p . 9 0 1 , 1348. 2 3 4 0 .)
1508, 1301; V . 9 9 , p . 119; V . 9 8 . p . 1920.
K A N S A S C I T Y C O N N E C T I N G R R .— O n D o c . 20 1915 th e M o . R R .
Committee for First M . 4s (.old Co. ) — L o r d M o n s o n (C h a ir m a n ): H a rry
C o m m iss io n a u th oriz ed tills new c o m p a n y t o Issue p rio r t o J a n . 1 1917
H o ffm a n , 37 W a ll S t .. S e c .; C o lu m b ia T r u s t C o . , N . Y . , a n d G ly n ,
$ 1 ,0 0 0 ,0 0 0 c a p . s to c k a n d $ 1 ,0 0 0 ,0 0 0 1st M . 5s.
M ills , C u rrie & C o ., L o n d o n , d ep osita ries. O f th e $ 2 1 ,4 0 9 ,0 0 0 In th e
ha n d s o f th o p u b lic , $ 1 9 ,5 4 5 ,0 0 0 h a d been d e p o site d In J u n e 1914. C h a s.
K A N S A S C I T Y F O R T S C O T T & M E M P H IS R Y . - O p o r a t e s K ansas
II. Jon es & C o .. 20 B roa d S t .. N . Y . , are fisc a l assistants to th e c o m m itte e
C it y , M o . , t o M e m p h is . T e n n . a n d b ra n ch e s, 922 m ile s . A ls o has a
in the U .S . V . 9 4 . p . 7 6 7 , 9 1 1 . 1566; V . 9 7 . p . 443; V . 9 8 . p . 7 6 3 ,1 2 4 4 ,1 7 6 7 .
c o n tr o llin g Interest In s to c k o f th e K a n sas C it y M e m p h is & B ir in . R R . .
Committee for 2-year 6 % Gold Notes.— T h e fo llo w in g c o m m it t e e w as
o w n in g lin e from M em p h is, T e n n ., t o B irm in gh a m , A la ., w ith b ra n ch , 296
fo r m e d In 1916 t o p rep a re a plan In w h ich b o n d h o ld e rs as w ell as n oteh old ers
m iles, an d o f K an sa s C ity A M em phis R y . A B rid ge C o ., o w n in g b rid ge
aoross M ississippi R iv e r at M em p h is. 3 m iles. T o t a l, 1.215 m iles ‘
m a y p a rtic ip a te , a n d In Ju n e 1916, a m a jo r it y o f th e n o te s h a v in g been
d e p o s ite d , asked th e C en tra l T r u s t C o ., as tru s tee, t o e n for ce th e rig h t o f
In D e c . 1916 th e r e o r g a n iz a tio n o f t h e S t. L o u is & San F ra n c is co R . R
th o n oteh old ers: C h a irm a n J am es N . W a lla ce a n d H a rry B ron n er, N e w
h a v in g boon s u c c e s s fu lly a c c o m p lis h e d , th o p a s t d u o c o u p o n s fo r t h o ye a rs
Y o r k C it y ; J oza ch Z . M ille r , K ansas C it y ; H e n r y S an d erson , o f O . D .
1915 and 1916 w ore p a id o n t h e K . O . C lin to n & S p r in g fie ld 1st M . 5s
B arn oy & C o ., o f N o w Y o r k ; W illia m J . G r a y , D e t r o it ; H e r b e r t F . H a ll
a n d th o 1C. O . M e m p h i s & B irm in g h a m A s s e n tin g I n c o m e 5 s, th e s e b e in g
and C liffo r d H lstod , o f K ansas C it y , a n d C . M . S igler, 54 W a ll S t ., N e w
th e o n ly b o n d s o f th o K . G . F t . a . & M . s y s te m d e fa u lte d .
V . 1 03, p . 2 3 4 0 .
Y o r k C it y , S ecreta ry . C en tral T r u s t C o . , N . Y . . a n d C o m m e r c e T r u s t
O R G A N I Z A T I O N .— V . 7 ^ p . 1237. See V . 7 2 , p . 4 3 8 . 5 32 , 6 7 5 . 9 8 8 .
C o ., K an sa s C it y , M o . , d ep osita ries. T h e Interest, d u o A p ril 30 1917,
T h e S t .L . A San Fran. R R . o w n e d the entire s to c k and leased th e r o a d .’ gu aro n thoso $ 5,6 4 0 ,2 0 0 n otes o f 1914. m atu rin g A p ril 30 1916, w as p a id w h en
ante.-lng the b o n d s o f 1901, p rin . and In t., and 4 % on pre.f. s to o k tru st oerts.
d u o a t th o C o lu m b ia T r u s t C o ., N . Y . , b u t th e p rin cip a l d u e o n A p ril
T h o r e o r g a n iz a tio n b y w ld ch th e S t. L o u ls -S a n F ra n c is co R y . C o . w as
3 0 . rom aln s u n p a id . V . 102. p . 1436. 1896. 2 1 6 6 .
fo r m e d (V . 102, p . 896) lo ft u n d is tu rb e d th e lease a n d o u ts ta n d in g b o n d s
P la n o f D e c . 8 1915 fa ile d o f a d o p tio n . V . 101. p . 2144: V . 102, p . 1 5 3 .7 1 3 .
o f this s y s te m . P rov ision s In the now F risco m o rtga ge s allo w th a t c o m p a n y
E A R N I N G S .— 4 m o s .,/1 9 1 7 ______ G r o ss , $ 7 9 8 ,3 1 7 ; n e t lo ss. $ 8 5 ,6 1 2
t o m ak o im p r o v e m e n ts, exten sion s, A c ., o n the K ansas C it y F o r t S co tt
J a n . 1 t o A p ril 3 0 .
11916----------G r o ss , 8 3 0 ,4 4 3 ; n e t lo ss, 2 1,9 90
& M e m p h is R a ilw a y system and b u y e q u ip m e n t an d deal w ith o b lig a ­
A n n u al r e p o rt. & c .. V . 101. p . 1711. 1668, 1886; V . 102, p . 153.
tion s o f th o s y s te m , and fo r these p u rposes t o issuo and ren ew b o n d s u n ­
d er a n y existin g m ortga ge o f this sys te m , an d t o Issue now b o n d s o f this
Years ending June 30— .
1915.
1914.
Increase. Per Cenl.
c o m p a n y , o r o f th o now F risco C o m p a n y , secu red on this s y s te m , o r a n y
T o t a l gross ea rn in g s...............-.$ 2 ,4 4 9 ,5 9 9 $ 1 ,9 0 3 ,1 5 7 $ 54 6 ,4 4 2
28.71
p a r t th e r o o f. In p r io r it y t o th e e xis tin g lease o f th is s y s to m a n d t o a n y
E arn in gs p er m ile _____________
3 .3 2 4
2 .5 8 2
742
28.71
lien o f th e n ew F ris co m ortg a g e s o n th is s y s te m , b u t th o a g g re g a te p rio r
T h o net earnings fo r y e a r 1914-15. It is s ta t e d , w o u ld h a v e been $ 4 0 2 ,0 0 0 .
m tg o . d e b t o n th is s y s te m m u s t n o t a t a n y tim e e x c e e d $ 7 5 ,0 0 0 ,0 0 0 .
had It n o t been fo r e xtra o rd in a ry Im p r o v e m e n ts w h ich r e d u c e d th em t o
$ 9 0 ,7 7 3 , c o m p a r in g , h o w e v e r , w ith a d e fic it o f $ 3 6 4 ,9 5 3 In y e a r 1913-14S T O C fK .— C o m m o n , a u th o riz e d , $ 4 5 ,0 0 0 ,0 0 0 ; o u t s ta n d in g , $ 1 6 ,6 6 0 ,0 0 0
O F F I C E R S .— P r e s ., E d w a rd D ick in s o n ; T r e a s .. T o w n le y C u lb e r ts o n ;
all o w n e d b y S t. L ou is -S a n 1 ra n cls co iv y . a n d p le d g e d u n d e r its m o rtg a g o
A u d ., N eal S . D o r a n .
D ire c to r s , V . 101, p . 1711. O ffic e . 10th S t. and
o f 1916 a lo n g w it h $7 ,7 1 8 , 8 0 0 o f th o p r o f, s t o c k . T h e re m a in d e r o f th e
B a ltim o r e A v o ., K an sa s C it y , M o . — ( V . 103, p . 1508, 2340; V . 104, p .1 5 9 1 .
$ 1 5 ,0 0 0 ,0 0 0 p r e f. shares (par $100) Is d e p o site d in e s cro w , an d a ga in s t,
it aro o u ts ta n d in g tru s t c e r tifica te s o f t h e o ld S t. L . & San F . R R . , th e
K A N S A S C I T Y O U T E R B E L T & E L E C T R I C R R . — I n c o r p . J u ly 18
la tte r h a v in g res erv ed th o o p t io n to ro tiro th e c e r tific a te s a t a n y tlm o a t p a r.
1902 In K ansas t o c o n s tr u c t a d o u b le -tr a c k b e lt lin e c o n n e c tin g all lines
a n d o b lig a tin g its e lf to p a y o f f th o w h o le issue ih 20 yea rs fro m d a te (O c t.
en terin g K a n sas C it y , K a n ., a n d K a n sa s C it y , M o . . 8 m iles; u n co m p le te d
1 9 0 1 ). a n d m ea n w h ilo t o p a y q u a r. 1 % th ereon (V . 7 2 , p . 1 23 8 ). In th o
In 1915. V . 7 5 . p . 184: V . 7 6 . p . 3 31 : V . 8 0 . p . 8 71 . O n O c t . 3 f 1912
F ris co re o r g a n iz a tio n In 1916 th e h old ers o f $ 7 ,7 1 6 ,8 0 0 o f th e tru s t c e r t ifi­
T h o m a s A . B ig g e r w as a p p o in te d re c e iv e r. In N o v . 1912 $ 75 ,0 0 0 re c e iv e r s
ca tes (origin al issuo $ 15 , 000 ,000) su rren d ered t h e s a m e In o xch a n g o fo r
ce r tific a te s w ere a u th o riz e d , o f w h ich $ 50 ,00 0 w ore Issued.
7 5 % in t h o P r io r L ion Series A 4 % b o n d s a n d 2 5 % in th o C u m . A d ju s t .
B o n d h o ld e rs ' c o m m itte e J oh n W . P la tte n , C h a ir m a n ; C a lv e r t B re w e r .
% b o n d s o f th o .pew S t. L ou ls -S a n F ra n c is co R y .
(S ee V . 1 03, p . 8 9 7 .)
S e c .; U . S. M t g o . & T r u s t C o ., d e p o s it a r y . V . 102, p . 713: V . 1 03, p . 2 3 4 0 .
In June 1917 th e co m m itte o w ith d ra w Its p la n an d agre e m e n t d a te d
B O N D S .— O f th e R e f . b o n d s o f 1901 ($ 6 0 ,0 0 0 ,0 0 0 ). $ 2 5 ,8 3 5 ,0 0 0 w ere o u t ­
D e c . 31 1915 an d w as re fu n d in g all s u b scr ip tio n s m a d e th ereu n d er. See
s ta n d in g J u n e 1916, $ 10 6 ,0 0 0 were In tre a su ry, $ 2 6 ,3 2 4 ,2 7 0 w ere re se rv e d
“ C h r o n lc lo " o f J u n e 30 1917.
fo r exch a n g e a ga in st th e fa c e a m o u n t o f u n d e rlyin g b o n d s a n d r e m a in in g

8

6




72

R A IL R O A D C O M P A N IE S
IFor abbreviations, & c., see notes on first page]

Miles Date
Road Bonds

Par
Value

$100
Kansas City Outer Belt & Elec— Stock (half 4% pref)
8 1903
1,000
1st M $3,000,000 g - -------------------------------- ---------Kansas City & Pacific— See Missouri Kansas & Toxas Ry be low.
gton
&
Burlln
Kansas City St Joseph & Council Bluffs— See Chicago
%
Kansas City Shrevep & Gulf Terra— 1st M red 105 . . z
--- 1897 0ulne100
Kansas City Southern—Common stock $30,000,000-100
Preierred stock 4% non-cum $21,000,000-............
1900 1,000 &c
First mortgage $30,000,000 gold...........— Ba.xc&r
1909 1,000 &c
Ref andlm pt M $21,000,000 gold red 105.xc*&r.N
1,000
1912
Equip notes g ser D due $62,000 s-a red par..N x
--Kansas City Term Ry— Stock auth $50,000,000----1910 1,000 &c
1st M red as a whole on or aft Jan 1930;atl05 & int-x
1,000
. . . 1915
Secured notes $5,000,000 rod 101_________ IC.xc
1915
Secured notes $2,000,000. ------------ ----------------------1916'
1.000
Secured gold notes $2,500,000 call 101_____CeC.c*
1916
Secured gold notes $750,000---------------------------------1917
Secured notes $1,100,000------ -------------------------1,000
Kansas City Viaduct & Term— 1st M g s f (text) c*&r
1905
-Kansas & Colorado Pacific— See Missouri Pacific R y _.
£100
Kcn & Ind. Term RR— 1st M guar (see text) G.xc*&r
1911
162
100
Keokuk & Des Moines— Preferred stock--------------- "
162 1878 100 &c
First mortgage Interest guaranteed C R I & P ----- c*
K eokuk & Ham B ondholders Co— Conv Inc deb n-c
1915
Secured notes callable any Int aate_______________
1,000
Kewaunee Green Bay & Western— First mtge— F.xc
37 1891
Knoxville & Ohio— See Southern Ry.
1,000
41 1904
La Crosse & S E Ry— 1st M $1,000,000 g red 105 _._z
Lackaw RR of N J— Stkauth $12,000,000 gu 4% dlv
31 1913
1.000
L E Frank & Clarion RR— IscM $1,000,000 g ~ FP
Lake Erie & Detroit River— See Pere Marquette R R .
Lake Erie & Pittsburg— Stock rental guaranty--------100
First mtge $15,000,000 g guar unissued-.G.xc*&r*
28 1915 1,000 &c

K A N S A S C I T Y S H R E V E P O R T & O U L F T E R M IN A L C O — Ownsunlon
depot at Shreveport, La , Including 1.16 miles of yard and terminal traok.
Stock, $150,000, all owned by Kansas City Southern Ry. Bonds, Pioneer
Trust Co., Kansas City, trustee. Office. Kan. City, Mo.
K A N S A S C IT Y S O U T H E R N R Y.—(See Map.)—Operates a line extend­
ing from Kansas City, Mo., to Port Arthur, Tex., thence by its ship canal
7 m., to deep water on Gulf of Mexico, with branches and extensive term­
inals used by various roads entering Kansas City. Total mileage 841, viz.
Lines Owned—
M iles
Lines Owned—■
M iles.
Kansas City, Mo., to Belt June.. 12 Branches to Fort Smith, De
Quincy, La., etc___________48
Grand View, Mo., to Port Ar­
thur, Texas____ ____ ______ 765 Trackage—To Gr View Mo etc 16
Also owns entire $650,000 each of stock and bonds of Arkansas Western
Ry., Waldron to Hcavener, Ark., 32 miles, operated separately; also con­
trols K. C. Shreve. & Gulf Terminal Co. V. 83. p. 38. 492.
ORGANIZATION.—A reorganization of Kan. C Pitts. & Gulf RR., fore­
closed in 1900 per plan In V. 69, p. 1012, 1062. V. 73, d. 1356; V. 74, p. 94,
V. 80, p. 1971; V. 81. p.559: V. 84, p. 1366; V. 88. p. 376.
On Feb. 21 1916 tho U. S. Supreme Court hold the company liable to the
Guardian Trust Co. of Kansas City, as trustee for $821,623 and Interest
on loans made by predecessor cos. In 1899 and 1900. Settlement made from
surplus earnings. V. 102, p. 976. Valuation in 1916, V. 104. p. 73, 452.
SECURITIES.—As to the $21,000,000 “ Ref. and Imp.' bonds of 19U9.
see V. 88, p. 1128. 1253, 1437; V. 89, p. 104; V. 90. p. 167: V. 92, p. 322.
395, 461.795; V. 95. p. 1472; V. 100. p. 1832: V. 101, d. 2144. Decision on
Kansas City Suburban Belt Ry. notes, V. 97, p. 1663; V. 98, p. 1459.
DIVIDENDS — First dlv. on pref. stock, 4%. paid July 1 1907 out of
earns, for 1906-07; Oct., 1%; 1908 to July 1917, 4% (Q.-J.).
LATEST EARNINGS.— (1917....... Gross, $4,201,161; net, $1,446,879
4 mos., Jan. 1 to Apr. 80.11916____Gross. 3.402.864; not, 1,073,576
REPORT.—For new fiscal year end. Dec. 311916 (V. 104,p. 1793, 1811):
— Y ea rs ending D e c . 31------ Y ea rs ending J une 30—
1916.
1915.
1915.
1914.
Total gross receipts___$11,289,324 $10,076,170 $10,035,896 $10,970,403
Operating expenses---- 6,782,700 6,205,956 6,478,821 6,910,321
Net earnings_______ $4,506,624
$3,870,214 $3,557,075 $4,060,081
Total net income_____ $4,798,195
$4,147,010 $3,727,994 $4,257,496
Taxes_______________ $584,959
$566,995
$574,316
$567,857
Interest on bonds, &c__ 1,831,080 1,765,445 1,756,590 1,765.743
Miscellaneous________
359,515
438,807
250,657
198,447
Dlv. on pref. stock (4%)
840,000
840,000
840,000
840,000
Balance, surplus____ $1,182,642
$535,764
$300,431
$885,449
DIRECTORS.—Chairman L. F. Loreo, Pres. J. A. Edson, Kansas City,
Mo.: Hermann Slelcken, J. A. Blair, W. T. Rosen, Andrew J. Miller,
W. G. Street, W. II. Williams, Arthur Turnbull, Samuel McRoberts, B. S.
Guinness and Jas. F. Stillman, of New York; John J. Mitchell, of Chicago;
8. W. Fordyce, of St. Louis: Edward F. Swlnney, Kansas City, Mo.
Secretary Is G. C. Hand. Office, 25 Broad St., N. Y.—(V. 104,p. 1811.)
K A N SA S C I T Y T E R M I N A L R Y . —Has built a passenger depot and
freight and passenger terminals at Kansas City, Mo., with approaches,
to be controlled by 12 proprietary cos., viz.: Chic. R. I. & Pac., Atch. Top.
& Santa Fe, Chic. Mllw. & St. Paul, Chic. & Alton, St. Louis & San Fran.,
Union Paclflo, Wabash, Chic. Burl. & Quincy, Mo. Pac., Missouri Kan. &
Tex., Kan. City Southern and Chic. Gt. Western, which will pay equally
any excess of fixed charges. V. 89, p. 1671. Has 136 miles now built
of main and Industrial railroad tracks. 4 local freight stations, passenger,
freight and switching yards, &c., and union passenger station. V. 90,
p. 627, 630; V. 91, p. 1386; V. 96, p. 135; V. 98, p. 1244; V. 99, p. 1130;
V. 101, p. 628.
In Nov. 1916 let contracts for $3,000,000 double-docked viaduct over
Kaw Valley bottoms to connect with (1) Un. Pac. and Oh. R. I. & P. Rys.:
(2) Mo. Pac. and Ch. Grt. West. V. 103, p. 1980. (To bo completed
about June 1918.)
Of the 1st 4s ($50,000,000 auth.), $14,666,000 are pledged to secure notes
and $2,240,000 are reserved for additions and lmpts. V . 90, p. 559, 627:
V. 91, p. 1386; V. 92, p. 395; V. 93, p. 164; V. 90. p. 135, 202; V. 98. p.
1244, 1316; V . 100, p. 733.
In Nov. 1915 $5,000,000 3-yoar 4H % notes were sold (secured by deposit
of $6,667,000 1st 4s), callablo at 101 and int. V. 101, p. 1713. On Nov. 30
1915 Issued $2,000,000 2-year 5H% notes (all owned by the Union Pacific
June 30 1916) secured by $2,500,000 1st M. 4s; also In July 1916 $2,500 000 5-year 4>1% notes secured by $3,125,000 1st M. 4s, to retire $2,500,000
Kansas City Belt Ry. 1st 6s, due July 1 1916. V. 102, p. 2254.
Dec. 15 1916 $750,000 1-year 4% notes secured by $900,000 1st M. 4s.
May 1 1917 $1,100,000 6-mos. 6 h % notes secured by $1,474,000 1st M . 4s.
Pres., Wm. M. Corbett; Sec., II. F. Taylor; Troas., E. F. Swinney.—
(V. 101, p. 1628, 1713; V. 102, p. 1540', 2166, 2254, 1980.)
KAN SAS CITY VIADUC T & TE RM IN A L R Y .— Company owns an
unoperated elevated railway and highway viaduct from Bluff and 6th Sts.
Kansas City. Mo., to Minnesota Ave. and 4th St.. Kansas City. Kan.,
with branch viaduct to lnterlying railroad and manufacturing districts.
Main structure completed 1907,1.6 miles. V. 82, p. 160; V. 84, p. 271, 931.
Was to be sold under foreclosure of 1st M. May 1 1917. V. 104, p. 1263.
STOCK.—Stock outstanding. $3,447,700 (par $100).—(V. 04, p. 416 >
BONDS.—Equitable Tr.Co., N. Y., and Fidelity Tr. Co., Kansas City,
trustees. July 1909 to Jan. 1911 coupons funded Into cumulative lncomr
bonds. V. 90, p. 1101: V. 92. p. 1564.
Protective Committee.—In Oct. 1915 over 75% of the 1st 4 Ms and Income
bonds had been deposited with a committee consisting of Richard C. Storey
of Boston, Chairman; Equitable Trust Co. of N. Y., depositary; Wm. G
Dooley, 25 Broad St.. Sec. V. 101. p. 527.
’Pres., J. W. Reinhart; Troas., H. S. Corwin; Sec., Howard Ross.— (V.
102, p. 1987; V. 104, p. 1263.)
V

& I N DI A NA T E R M I N A L R R . — Owns 2-track steel
bridge over Ohio River at Louisville and 16-44 miles main track and
43.13 miles yard tracks and sidings in and about Louisville. Sou. Ry.TBaltl-

w KENTUCKY




[Vol. 104

RAILWAY STOCKS AND BONDS
Amount
Outstanding

Rale

$5,000,000
1,288.000

4g

%

When
Payable

Last Dividend
and Maturity

A & 6 Apr 11953

Places Where Interest and
Dividends are Payable

Oct 1911 coup last paid

4
F & A Aug 1 1927
150,000
Treas Off, Kan City. Mo
30.000.
000
21.000.
000
4 in 1916 Q—J July 16 1917 1% Checks mailed
30,000,000
New York Trust Co, N Y
3 g A & O Apr 1 1950
do
do
18,000.000
5 g J & J Apr 1 1950
930,000
5 g J & D 15 Dec '17-Dec '24 Blair & Co, New York
1,200.000
N Y Boston & Chicago
33,094,000
4 g j & j Jan 1 I960
5.000.
000
do
do
4K M & N Nov 15 1918
2.000.
000
5K M & N Nov 30 1917
Now York and Chicago
2,500,000
4K g J & J July 1 1921
J & D Dec 15 1917
750,000
New York and Chicago
4
1,100,000
5K M & N Nov 1 1917
see text
4M J & J Sept 1 1934
3,302,000
J P Morgan & Co, N Y
£1,291,000
4 M g J & J Jan 1 1961
$1,524,600 See text See text Apr 1 1915 2K Nono since April 1 1915
First Nat Bank, N Y
2,750,000
A & O Oct 1 1923
5
30 years
1,000,000 Up to 2 M
3% paid July 1916
6
A & O 1945
386.000
J & D June 1 1921
Office. 40 Wall St. N Y
408.000
5
La Crosse, Wise
300,000
5 g A & O Oct 1 1944
4
10.750.000
G—J July 2 1917 1% Dei Lack & Western RP
6 g J & D Dec 1 1953
U S Mtge & Tr Co, N Y
864,000
5
4,300.000
See text
New York
4K g J & D June 1 1965

more & Ohio and Chic. Ind. & Loulsv. own the $75,000 capital stock, and
under new lease from Jan. 3 1911, pay monthly, In proportion to cars
handled, any deficit In operations, rentals, taxes and Int. Bonds, £2,000,­
000 auth. Issue, of which £1,291,000 guar, by the three proprietary cos.,
were Issued to retire the $2,136,600 old bonds and for now construction; re­
mainder reserved for future purposes. V. 92, p. 187; V. 91, p. 589, 214, 38;
V. 92. p. 201, 1032; V. 93, p. 469; V. 95. p. 1403; V. 102, p. 437.
Pres., H. W. Miller, Atlanta. Ga.; Sec., O. R. Arnold, Louisville; Treas.,
H. D. Orrnsby— (V. 95. p. 1403: V. 97. p. 521; V. 102. p. 437.)
KEOKUK & DES MOINES RY.—Owns from Keokuk. Ia., to Des
Moines, la., 162 miles. Leased for 45 years from Oct. 1 1878 to the Chicago
Rock Island & Pacific Ry., the lessee paying25% of the gross earnings and
guaranting the Int. (not the principal) on the bonds. Stock Is $1,524,600
pref. and $2,600,400 com. (par, $100), a majority of which Is held by the
lessee. Pref. entitled to share with common stock in any excess over 8%.
Suit over loase, V. 99, p. 49. 609, 969. Effective July 1 1915 under court
order, property was operated separately and O . R. I. & P. receiver Is mak­
ing no payments on account of guaranteed Interest, such Interest being
paid. If earned, by the company. A bondholders' protective committee
(F. J. Lisman, Chairman) was formed in Aug. 1915. Oct. 1 1915 to Apr. I
1917 (incl.) interest was paid at maturity. V. 101, p. 527, 1092. Her­
bert II. Clark, 66 B’way. N. Y.. represents stockholders, com. and pref.;
suit V. 104, p. 1801. J. E. Gorman is chief executive officer. See V. 101,
p. 1014.
DIVS. \ '02, ’03. '04. ’05-'07. '08. '09. ,10-’12. T3. '14. 1915. None
On pref.% I 1 2 1M None IK 1 2 K y'ly 3 K 3 K Apr,2K since.
Year ended Dec. 31 1916, gross, $671,024; net, $203,407; Int. on bonds.
$137,500; chargos, $188,980; bal., def., $117,686.—(V. 104, p. 1801).
KEOKUK

& H A M IL T O N

B O N D H O L D E R S ’ C O .—

Incorporated In May 1914 with $100,000 authorized stock, of which only
a nominal amount to be Issued at present, to acquire (per plan V. 99, p.
1920, the bonds of the Keokuk & Hamilton Bridge Oo.. which owns bridge
across Mississippi River at Keokuk, la., used by Toledo Peoria & Western
and Wabash RRs. and foot passengers, and assist It in rebuilding the bridge.
Reconstruction has commenced.
The $1,000,000 30-year convertible non-cum. Income debentures, to bear
Interest at not to exceed 2M% per annum, have been exchanged $ for $ for
the Bridge Co. bonds. Holders of Bridge bonds subscribed for an Issue of
$400,000 of 30-yr. 6% secured notes secured by the bonds, the proceeds of
which are being used to rebuild the bridge.
The Income of the new co. is to bo applied, first, to payment of Interest
on the 6% secured notes; second, to a special Interest fund on the non-cum.
Income debentures, and, third, to retirement of the notes by lot at par and
Int. or by purchase at less than par (these by increase In traffic it Is expoctod
to retire in a reasonable time). Upon such retirement the notes of the
Bridge Co. will be returned to the debenture holders. The dobonture cou­
pons for $15 each are paid whenever the special interest fund is sufficient.
EARNINGS of Keokuk & Hamilton Brldao Co. year ending Doc. 31
1916, gross, $60,671; net, $40,179; interest, $42,735; taxes, $4,972. Pres.,
Andrew Carnegie; Treas., Theodoro Gilman, 55 William St., New York.—
(V. 95. p. 818; V. 99, p. 120.)
LA C R O S S E & S O U T H E A S T E R N R Y .— Owns La Crosse and Southeast­
ern Jet. to VIroqua, Wls.. 40.81 miles: trackage La Crosse and S. E. Jet. to
La Crosse. 1.8 miles; total. 42.61 miles. Stock authorized. $1,000,000;
outstanding, $955,000; par, $100. Bonds. $1,000,000; auth.; outstand­
ing, $300,000. Wisconsin Trust Co. of Milwaukee, trustee. Juno 30
1915, loans und bills payable outstanding, $91,115. V. 80, d. 222.
Year ending Juno 30 1916, gross, $90,187; net, $25,189; Int. on bonds
$15,000; taxes, $4,026; bal., sur., $6,163. Pres., John II. McMillan,
Minneapolis, Minn.; V.-P., A. S. Cargill, Milwaukee, Wis.; Sec. & Troas.,
Jas. B. Taylor, Minneapolis, Minn., and Aud., S. J. Lennon, La Crosso.
Wis. Office, 300K Main St., La Crosso, Wls.—(V. 80, p. 222.)
L A C K A W A N N A R R . OF N E W J E R S E Y ,— {S ee D . L . A

W.

M a p .) —

Owns from Hopatcong, N. J., to a point near Portland, Pa., 27.44 miles,
opened Dec.1911, D.L. &W.leases the road lor a guaranty of 4% on the
stock. V. 93, p. 1324. 1786; V. 92. p. 656; V. 90, p. 557; V. 88. p. 558;
V. 86, p. 543. Stock outstanding, $10,760,000, was distributed in Deo.
1911 as a dividend to the D.L. & W.stockholders.— (V. 93, p. 1786.)
L A K E E R IE F R A N K L I N & C L A R I O N R R . — O w n s S u m m o r v lllo t o
C la rio n . P a ., 15 m iles; b ra n ch , S tr a tto n v llle co Mill C re e k , P a ., 3.10 m.:
o th e r b ra n ch . 2.80 m.; tra ck a ge , S u tto n t o F ra n k lin . Pa.. 47.9 in .: to ta l,

trusts Dec. 31 1916, $117,500; loans and bills payablo, $90,500. For yoar
ending Dec. 31 1916, gross, $153,345; not, $56,713; other income, $5,583;
int., taxes, &c.. $59,063; bal., sur., $13,232. Pres., Gen. Charles Miller,
Franklin, Pa.; V.-Pros., T. J. Odell, N. Y.; Treas., H. II. llughos.
L A K E E R IE & P I T T S B U R G R Y .— Owns 27.76 miles between Marcy
at a connection with Cleveland Short Lino Ry. (now N. Y. Central RR.)
and Brady Lako Jet. on Penna. RR.; was opened Oct. 15 1911. V. 98,
p. 1241. Jointly owned by N. Y. Central RR. and Pennsylvania Co.,
which have trackage rights over tho road, rental providing for interest and
5 % on stock.
Stock auth.. $6,000,000, as increased In May 1911; outstand­
ing, $4,300,000, of which the Pennsylvania Company and New York
Central Rlt. each owned on June 30 1916 $2,150,000. Under date of Nov.
30 1915 tho 1st M. bonds outstanding, amounting to $4,300,000, were
cancelled. In lieu thereof there was authorized an issuo of $3,540,000 of
1st M. 50-year 4K% bonds and a liability sot up on the books for that
amount. In June 1917 the new bonds had not as yot been Issued. If sold
they may bo guaranteed by the proprietary companies. See V. 101, p.
694; V. 103, p. 320.—(V: 103. p. 320; V. 104, p. 1801.)
L A K E E R IE & W E S T E R N R R .— ROAD.—Owns Sandusky, O.. to
Peoria, 111., 413 miles; branch to Minster, 10 miles; branoh, Indianapolis to
Michigan City, 159 miles; Fort Wayne to Connersvllle and branch to Rushvlllo, 128 miles; total owned, 710 miles; leases Northern Ohio RR., Akron
to Delphos, 162 miles: trackage, 28 miles; total operated. 900 miles.
HISTORY, &c—See V. 60. p. 690; V. 85, p. 600. N. Y. Central RR.
owns $5,940,000 com. and $5,930,000 pref. stock. V. 71, p. 1269.
DIVIDENDS.—U99. '00. ’01-'03. ’04. '05. '06. '07. '08. ’09toMay’ 173 3 3
1
Nono
On preferred__ %/ OjJ 2 4 yearly 3

.June , 1917. J

RAILWAY STOCKS AND BONDS

R AILR O AD C O M PA N IE S

[For abbreviations, A c . , see notes on fir st page ]

M iles
Road

D a te
B onds

Par
Value

Am oun t
Outstanding

Rate

%

W h en
Payable

73
Last D ivid en d
and M a tu r ity

Places W h ere In terest and
D ividen d s are Payable

710
Lake Erie & Western—Common stock $20,000 p m_S100 $11,840,000
Preferrcd stock 0% (not cum) ($20,000 per mile)..
710
100 11,840,000
J & J Jan 15 1908 1% Office, Gr Cent Ter, N Y
710 1887
1st M ($10,000 per mile, see V -10, p 45) g-.Ce.xc*
1,000 7.250.000
5 g J & J Jan 1 1937
Chase National Bk, N Y
2d M (V 54, p 444) $3 025.000 ($5,000 p m) gCe.xcf
710 1891
1.000 3.625.000
5 g J & J July 1 1941
do
do
Equip trust duo $110,000 yrly begin Jan 1 1918-CP
1917
1.100.000
414 J & J Jan 1 1918 to’27
Centr
al RR.
Lake Shore & Michigan Southern—See New York
24 1911
Lake Super St Ishp— 1st M $1,400,000 ser redlOl.xc*
100 &c
890, 000
6 g F & A Feb ’18-Feb ’31 Clt Sav ft Tr Co, Cleve
Lake Talioe Ry & Fr Co—1st M g $500,000 s t beg 1005
17 1901
1,000
500, 000
6 g A & O Oct 1 1931
Merc Trust Co. San Fran
Lansing Manufacturers—1st M serial Interest rental.'
8 1905
1.000
5 g J & J July 1 1920-30 Union Trust Co, Detroit
60, 000
Laramie Hahn s Peak & Pacific Ry—See Colorado Wyom tag Sc Eastern Ry
V
Las Vegas & Ton—B. & G . 1st M g s f d calU02>* FP
1906
182, 000
1,000
6 g J & J Jan 1 1922
Fidelity Trust C , Phila
2d M (held by Las Vegas & Tonopah) gold-------1914
1,000
68, 000
6 g J & J July 15 1921
_
do
do
3 1893
1,000
Leavenworth Terminal Ry & Bridge— 1st M g s f.Cex
530 ,000
& J Jan 1 1923
5g
Central Trust Co, N Y
100 1,340 .000 See text
Lehigh & Hudson River—Stock $1,340,000-----------& D Decl5 1916 6% Warwick, N Y
63 1887
Second mortgage gold_______________________ z
164 ,000
1.000
5g
& JJuly 11917
llrvNat Bk.N Y.and 1st
74 1890
Leli & Hud HIv gen M $3,000,000 g (see text)Ce.xc*
1,000 2,687 ,000
5g
&
J July 1 1920
/ Nat Bk, Warwick, N Y
__ 1907
Debentures $400,000 red 105 since Nov 1911------ x
1,000
400 ,000
& N July 1 1920
4
Irving Nat Exch Bk N, Y
Lehigh & New England—Stock------------------------50 6,000,000 See text --------!Nov 28 T6, 4% Philadelphia office
First mortgage $1,000,000 gold----------------- FPx All
1895
1,000 1,000 ,000
Jjuly 1 1945
5g
437 Chestnut St, Phila
Genoral mtge $15,000,000 g red 105-----GuP.kc*
196 1914
1,000 4.000 ,000
J July 1 1954
5g
__ 1908
Equip tr ser A g gu red 102 K due $30,000 yrlyQuPx
1,000
4H g
180 ,000
D To June 1 1923 Guar Tr & S D Co. Phila
__
do
ser B g gu red 102 H due $45,000 yrlyOuPx
1911
1,000
430,,000
414
N To May 1 1926
do
do
__ 1913
do ser O guar gold rod 1021$ $35,000 yrly.QuPx
1,000
410,,000
A To Feb 1 1928 „
4H
do
do
do ser D duo $40,000 yearly guar--------PeP.xc*
1914
1,000
S To Mch 1 1929 Penn Co for Ins. &c. Phil
480 ,000
414
do ser E duo $55,000 yrly (guar) (V. 103,p. 1405) PeP
1916
1,000
745,,000
_ O To April 1 1931
414
do
do
__
,_
Lehigh Valiev—Common stock $80,000,000--------Op
60 60,501, 700 10 in T5 Q—J July 14 T72>4% Checks mailed
__
Preferred stock 10% (V 79, p 151, 269)-----------OP
50
106, 300 10
Q—J July 14 ’ 172J4%
do
do
First mortgage extended In gold In 1898.0P.xc&r
285 1868
1,000 5,000, 000
4 g J & D June 1 1948
Consolidated Ml coup* reg $4,762,000 4 Hs ..xc&rl
1,000 10,400, 000 414 & 6
1 1873
& D Dec 1 1923
$40,000,000 /annuity $2,538,000 4Hs-----FPx/ 315 f 1873
1,000 12,600, 000 414 & 6
& D Irredeemable
Co’s office, 228 So 3d St,
General Consol mtgel $150,000,000 gold._QPxc*&i
315 1903 1,000 &c 26,639, 000
4g
& N'May 1 2003
1 hll, and J P Morgan
do
do
/
315 1903 1,000 &c 20.697 000
& N May 1 2003
414 g
& Co, New York
Coll trust bonds $500,000 due s a, see textGP.xc*&r
__ 1905
1,000 7.944, 000
4g
& A Aug'17-Feb 26
Equip trusts Scries J g due $250,000 s-a__ Usm.xo*
. . . 1907
1.000
250, 000
& S Sept 1 1917
414 g
Co’s office. Philadelphia
Bonds o f Controlled Properties —
Lehigh & N Y lst M gold guar p & 1___ Mp.xc*&r
115 1895
1,000 2,000,000
S Sept 1 1945
4g
Of.Phll.&JPM&Co.NY
Lehigh Valley Ity 1st M g gu p & I (end) GP.xc*&r
614. 1890
1,000 15,000,000
JJuly 1 1940
414 g
do
do
Lehigh & Lake E 1st M $3,000,000 g Usm.xc*&r._
11 1907
1,000 3,000,000
S Mch 11957
414 g
do
do
BONDS.—Guarantees 5s Nor. Ohio, which see. Equip. 4 jXs, V. 104,
p. 256.
EARNINGS.—4 mos.,/1917............ Gross, S2,605,■437; not, $665,696
Jan. 1 to April 30. \1916---------- Gross, 2,246,238: not, 670,582
REPORT.—Report for year end. Dec. 31 1916, Issue of June 30.
Yea r —
G ross.
N e t.
Other I n c .
I n t ., A c .
Balance.
1916............ $7,404,184 $2,410,960 $126,438 $1,017,431 sur.$l,519,967
1915 ____ 6,239,647
1,445,241 126,562 1,055,253
sur.516,550
1914.......
5,602,771
867,402 123,474 1,218,750
def.227,873
— (V. 100, p. 1341; V. 102, p. 609, 1436, 1535: V. 104, p. 256, 1591.)
LAKE SUPERIOR & I S H P E M I N G RV.—Owns Presque Isle (Mar­
quette) to Ishpemlng, Mich., 26.30 miles; branches, 10.07 miles; total,
36.37 miles. Also owns largo docks at Presque Isle Harbor. Controlled
by Clevoland-Cllffs Iron Co. Stock, SI,000.000: par. $100. Of the serial
6 s of 1911 ($1,400,000) $70,000 mature yearly; they are redeemable, all or
any, on any Int. day In reverse of numerical order at 101. V. 92, p. 1636;
V. 93, p. 229. For year ending Juno 30 1916, gross, $802,590; net, $292,­
352; other Income, $14,255; int. on bonds, $68,130; rental, &c., $9,683;
bal., sur., $228,794. Car trusts out Juno 30 1916, 8250,000; loans and
bills payable, $132,000. l’res., Wm. G. Mather, Cleveland, Ohio.—
(V. 96, p. 790.)
LANSING MANUFACTURERS’ RR.—Leased to Mich. Cent. RR.
LAS VEGAS & TONOPAH RR.—Owns Las Vegas. Ncv.. to Beatty
117 2 inllos. In June 1914 an arrangement was made with the Bullfrog
Goldfield RR., under which the road between Boatty and Goldfield Is to be
practically ro-constructed. The Las Vegas Sc Tonopah RR., in return for
Its guaranty of the $199,000 Bullfrog-Goldfield 1st M. bonds and transfer
of part of Its line between Beatty and Goldfield, received 51% of tho Bullfrog
company’s stock ($1,640,000 as reduced), per plan, V. 99. p. 1538. Stock
auth.. $4,000,000; outstanding. $1.500.000; par $1 0 0 . Working liabilities
Juno 30 1916. $1,648,771. No bonds.
’
E A R N IN G S .— 6 mos.,f 1916---------- Gross, S62,471; net loss, $6,012
July 1 to Dec. 31. \1015---------- Gross, 71,513;
net, 13,134
Four Months.—
/1917-------- Gross, $33,886; net loss, $2,171
Jan. 1 to Apr. 30. 11916-------- Gross, 47,128;
not, (>,880
For year endtag Juno 30 1915-16. gross, $142,108; not, $34,399­
1 9 1 4 - 1 5 ( 1 1 8 miles), gross, $134,959: net, $20,125; other income, $7,331:
charges, $49,539; bal., dof., $9,037. Pres., J. Ross Clark; V.-Pros.’
C. O. Whittomoro; Sec. & Troas., W. II. Comstock. Office, 583 Pacific
Electric Building, Los Angeles, Cal.
BULLFROG-GQLDFIELD RR.—Beatty. Nov., to Goldfield. Nev. 80
milt's. In Juno 1914 control was obtained by Las Vegas & Tonopah RR
duplicate lines being abandoned. See above; V. 99, p. 1536. Yoar 1915­
16, gross, $142,516; net, $38,708. 1914-15, gross, $126,596; net, $25,326;
other Income, $7,413; tat., taxes, &c., $26,556; bal., sur., $6,183 —(V
98. p. 1918; V. 99, p. 1536.)
’ *
1
LEAVENWORTH TERMINAL RAILWAY & BRIDGE.—Owns high­
way and railroad bridge (opened Jan. 1 1894), 1,140 ft. long, over Missouri
River at Leavenworth, Kan., and valuable terminal property in that cltv'
In July 1910 the Chicago Great Western acquired the entire stock, but does
not guarantee or assume bonds. V. 91, p. 214, 397. Kansas City St.
Joseph <SoC. B. (Chicago B. & Q.) and Chic. It. I. & P. use the bridge at an
annual rental of $16,000 each, under a 30-year contract from 1,894 with
option of 30-year extension. Chicago Great Western RR. also uses tho
bridgo under a contract expiring in 1924, tho annual rental being S12 000
Stock. $600.000.—(V. 9 , p. 397.)
’ uu
LEHIGH & HUDSON RIVER RY.—Owns from Maybrook on Centra
New England Ity. to Belvldcre, N. J., on the Penn. Itlt., 7 3 .9 miles- and
from PhUUpshurg, N. J., to Easton, Pa., .70 miles; trackage, Penn R R
Belvldere to Phllllpsburg, 13.3 m.; D. L. & W. trackage, Andover jot to
Port Morris, N. J., 8.7 m.; total operated, 96.6 miles. V. 79. 0 269- V 94
p. 416. Dividends., 4% 1912. 1913, 1914; 8 % in 1915 4% &4% extra June
1916. and 4% and 2% extra in Doc. 1916.
/0 xlra Juno
BONDS.—Of the $2,587,000 gen. mtge. bonds out, $1,062,000 are guar
Jointly, n. & I.. by Central lilt, of N. J-and Leh. Coal & Nav. Co and
$165,000 aro reserved to tako up prior liens. V. 92, p. 5 9 5 1 7 0 1
foiro of guaranty. &c.. In V. 67. p. 788: also V. 85. p. 15137
’ 1' Ul* Meo
EARNINGS.—4 mos.,/1917------- Gross, $702,652;
net, $202 323
Ja n . 1 to April 30.
11916------- Gross, 632,482;
not, 22t’,732
ANNUAL REPORT—For year ending Doc. 31 1916, V. 1 0 4 , p. 22257
D e c . 31 Y ea r.
Gross.
N e t.
Oth. In c . I n i ..T a x .,A c . D iv id 'd s Bal Si/r
1916
$2,143,597 $796,044 $7,331 $377,810 (14)8187 600 $23^ 975
2 006.429 7 9 5 .8 5 9 3 ,2 7 7 3 8 2 .8 0 0 (&T1 0 7 2 0 0 i i l . i l l
Lewis A. Riley, Pres., Phila., Pa.—(V. 104, p. 3225.)
’
LEHIGH & NEW ENGLAND RR.—Operates road from Hauto. Pa.,
to Campbell Hall, N. Y., 127 miles; Hainesburg Junction, N. j. to
Edgowater, N. J., 60 miles; Bethlehem, Pa., to Benders Jet., Pa., 19 miles:
Bath. Pa., to Martin's Creek, Pa., 18 miles, and branches, 72 miles; total
Dec. 31 1916, 296 miles, of which 9 m. arc leased and 96 m. operated under
trackago rights, leaving 192 miles owned. V. 95, p. 1 4 0 3 . Lehigh Coal &
Nav. Co. owns majority of stock. V. 78. p. 1781. 1962; V. 91. p. 1386
SECURITIES.—Stock auth.. $7,500,000: outstanding, $6.000,000? of
which $5,997,500 Is owned by Lehigh Coal & Nav. Co.; par, $5 0 .
DIVIDENDS.—
11913. 1914.
1-R6- f
1916 (cal. yoar).
Per cent------------------- 4
8
8% & 3% extra 8% & 2% extra
B on d s, A c .—Of the Gen. M. 5s of 1916 ($ 16.000,000 auth. issue), $4 .­
000,000 Serios A were sold to retire $2,650,006 old bonds, called for payment
Oct. 1 1914 and Jan. 1 1915, and for additions and Improvements, $1 000 000 wore reserved to retire tho 1st 5s and $10,000,000 for future purposos.
V. 102. p. 976, 1060; V. 99, p. 49, 674. Lehigh Coal & Nav. Co. (V. 9 1 p
1386) guarantees car trusts A and B. V. 86, p. 1343, 1409; V. 96, p. 63.
EARNINGS.—4 mos.,/1917.
___ Gross, $1,650,378; not, $$33 101
Jan. 1 to April 30. \1916
..Gross, 1,043,256; not, 407 877
REPORT.—For year ending Dec. 31 1916, V. 104, p. 2005.
Gross
E a rnin gs.

N e t , after
Taxes.

Other
Interest,
In com e. R e n t s ,A c .

D ividen d s
P a id.

B alance,
S u rp lu s.

1916----- $.3,046,332 $1,116,762 $61,202 $480,193 (10)$600,000 397,771
1915 ----- 3,074,265 1,395.569 23,598 470,029 (11)660,000 289,138




Pres., Samuel D. Warriner; V.-P. & Gen. Mgr., R. II. Wilbur- V -P Sc
Gen. Counsel, Wm. Jay Turner; Soc. & Treas., Henry II. Pease; Co'mnt
2156?VR!o4°ldS2005 )CheStnUt St” Phila” 1>a —(v - 103- P- 1405, 2078’.
LEH IO H VALLE Y RR. — (See M a p . ) — Oper. Dec. 1916, 1,443 miles,viz:
Main Line (fee, or all stock owned), ] Leased
14 3
Jersey City to Buffalo---------- 445 Trackage ...1111
...........
Branches (fee or all stock own’d) .809! (2 d track 5 9 7 miles)
HISTORY, ETC.—The Drexel-Morgan interests, It Is understood, have
a preponderating voice In the management. A syndicate represented by
Kuhn, Loeb & Co. In July 1910 acquired a large Interest. V. 91 p. 276 *
The LotagtaBuffalo Terminal Ry. Corp., all of whose securities ($50 000
stock and 33,740,000 5% debentures or 1st M. 4s arc owned, is building a
now passenger terminal at Buffalo. V. 102, p. 153; V. 99, p. 467- V 10 0
P- 397, 733, 1257, 1672; V. 101, p. 455; V. 103, p. 2341; V 10L p 1263 )
Lehigh Valloy Harbor Terminal Ry. was incorporated in N j on
March 10 1916 with nominal ($100,000) capital stock, to establish an ex­
tensive terminal development with piers. &c., on some 400 acres of water­
front and underwater land at or noar Jersey City. All its obligations
($3,562,740 5% notes) were held Dec. 31 1916 by Leh. Val. RR v 103
p. 587; V. 102. p. 1060, 2166; V. 101, p. 2351.
"
*
nrv&O A Ij PROPERTY.— The Lehigh Valley R R . Co. owns all the ($1 965 000) stock of the Lehigh Valley Coal Co. (V. 81. p. 1726). Annual renor’t
for 1916 in V. 104. p. 2339. Purchase In 1905 of Coxe Bris.. see “ Bonds ”
The Coal Co. shipped from collieries owned and controlled 7 074 765 tons
of anthracite coal for the 6 mos. to Dec. 31 1916, against 7,254,367 tons for
DocC3ri&1916d^^wasP8r6°92 0761915: t0taI C°a‘ and C°k° tonnaK°- 6 mos. to
In Jan. 1912 the Lehigh Valley Coal Sales Co. was Incorporated. See
w & .'S r - t S v :

ssr

On Doc. 21 1914 the lower Federal Court dismissed the suit brought by
the Government against the company and Its subsidiaries and the Lehigh
Valley Coal and Coal Sales companies for alleged violation of tho anti-trust
law and commodities clause of the Inter-State commerce law. V 98 n
912, 1920: V. 99, p. 1910. Also see Central RR. of N. J. in V. 101 n 1465’
V?V102,mp?609? 16§efl896V’ 103' P' 1118: V’ 102' P’ 1346: V‘ 101’ p’ 2145=
’94’ ’°5’ ’°6’ ’° 7-'10- 'H-T3. '14. 1915 to July 141917
Since 93 (%)) None 1 4 4 6 y’ly. lOyrly Below 10(214%O-F)
In Feb. 1912 also an extra cash dividend of 10%, applicable if ripsirod to subscription for stock of new Leh. Val. Coal Sales Co V 94 d 123
In Jan. 1914,5% (semt-ann.): April, 2 1 $% (quar.); July ando’et..244%’.
BONDS.—Gen. Consol. Mtge. of 1903 is for 3150,000.000 bonds bear-'
not to exceed 5% int.. covering tho entire road, tho stock of tho Lehigh
Valloy Coal Co. and other stocks owned. On Dec. 3 1 1 9 1 0 there were
outstanding In tho hands of tho public, $20,697,000 4V4s and *26 6 39
000 4s; in treasury, Sl.000,000 4^s and $13,000,000 1 s; rasorvod (a.)
to retlro underlying bonds. $76,664,000. and for additions See 8 1 2 0 0 0 ,0 0 0 , those last being issuable at not exceeding S2 .0 0 0 0 0 0 a vear or
larger amounts as may be authorized by stockholders. Old bonds mav
however, be extended, if necessary, for not over two years Provision mav
bo mado at time of issue of bonds thereunder for right to convert Into stock

v:

1
:8: S

f e V l i . V W ’ ;o ' ” ,642; v - » •

v-A M S ;

Tho purchase of stock of Coxe Bros. Sc Co. ($2,910,150) (V 103 n
2' 1' 1 ofTDela. S,',lsq- & Schuylkill RR. in 1905 was financed by an Issue of
$19,000,000 coll, trust 4% bonds, to bo retired bv 3500,000 semi-annual In­
stallments beginning Aug. 1907 and secured by deposit of thoso stocks with
trustoo. Bonds subject to call as a whole at 102H. beginning Aug. 1912 or

& VM

m - ,Ma- 1376: v - « • »• “

on

. *».

000: It.1 $2,400,000. V. 103. p: 5S7. 588.
5J.0U0.GUARANTIES.— Lehigh Valley R a ilw a y C o .—Owned Buffalo N Y
to near Sayre, Pa., 174.48 miles, double track, and branches. 339 7 4 miles
In all 614.22 rn.. covered by $15,000,000 mtge. of 1890 but In 1903 and
1905
the
T
.,9ItP consolidated
l<.t*1
1* k tA01rwith
t 11 /other
.4*» (\l1sub.
/1 oil cos.
/\muand
A KIn
•« T1907
^l. I absorbed
tt . 11
—
. .Lehigh
- ® *
n
V a lley R R . C o . o f N ew J e r s e y .~ r Owned double-track road from
Phllllpsburg, N. J., to Jersey City, and branches, with about 125 acres at
Jersey City and a largo water front. See. Total mileage, 122 miles. Stock
outstanding, $12,506,000, all owned by Lehigh Valley R R ., which In 1914
p°.a703‘ v?98? r i8 4 5 .V1920.P- ^ ^ 53’ P' 64° ’ 88°= V*8 l*P’ 784:
M o r r is C anal .—-Stock and bonds mostly owned by Lehigh Valley RR
See Issue Oct. 1912 and V. 92, p. 527. 1109: V. 93. p. 8 1 1 1 1 0 6 - V 04 n
419;V. 95. p. 488: V. 97. p. 373. In Nov. 1915 the lease was held taxable!
V. 101, p. 1807. Ownership of basin in Jersey City, V. 102, p. 1060.
. ffn n .A N . Y . C anal A R R .— L ea sed for 99 years from Deo. 1 1888 to
Lehigh Valley, which has assumed Its debt and owns all Its stock Cmisoi.
Include $4,000,000 5s. $3,000,000 4s. $1,500,000 4 Hs V. 62. p! 950
Seneca C ou n ty R y . . $500,000 gu.bds.: none sold June 1916 V 79 n 1 2 7 1
Lehigh A La ke E r ie mortgage ($3,000,000) covers 11 m. double-track ter­
minal road at Buffalo, V. 81. p. 211: V. 83. p. 702. Now a part of the
Lehigh Valley Ry. Go. V. 84. D. 1248; V. 85. p 312; V. 87?p. 817? 818
EARNINGS. 4 mos.,/1917---- Gross, 315,377.005; net, $2,045,054
Jan. 1 to April 30. \1916---- Gross, 14,593,996; not, 3[460[448
ANNUAL REPORT.— Tho report for 1915-16 also for Lehigh V n llev
p.°2337? i339, 2350.P
“ 5' F" 6
“ D“ ' 31 »"«■ v T ®

RAILWAY STOCKS AND BONDS
[V o l . 10 4.




June, 1917.J

RAILWAY STOCKS AND BONDS

RAILROAD COMPANIES
[For abbreviations, Ac., see notes on first paoe]

M ile s
Date
R oa d B on d s

Par
V a lue

Am ount
O utstanding

Rate
%

W h en
P a ya b le

75
La st D ividen d
and M a tu r ity

Lehigh Valley RR—(Concluded )—
Lehigh Val Term 1st M g guar p & I end..Ce.xc*&r
28 1891
$1,000 $10,000,000
5 g A & O Oct 11941
East & Am 1st M Phlll N J to Perth Am &c guar.xr
69, 1880
1,000 6,000,000
M & N May 1 1920
5
Easton & Nor 1st M g guar by Leh Val-GP.xc*&r
13 1895
500 &c
51,000
4)4 g M & N Nov 1 1935
Middlesex Valley 1st mtge $600,000 gold__ Ce.zc*
29 1892
1,000
200.000
5 g M A N Nov 11942
Pa & N YOan&RR—Cons gu (text) (end)-.GP.xr
137 1888
1,000 8,500,000 4. 4)4, 5 A A O Apr 1 1939
Morris Canal consol stock 4% guaranteed perpotual
— ____
100 Sec text
4
F A A Aug 6 '17. 2%
Proforrod stock 10% guaranteed perpetual_____
— ____
100 See text
10
F A A Aug 6 '17, 5%
L V Coal Co 1st M $12,000,000 g s f not dr__xc*&r
__ 1892
1,000 10,114,000
5 g J A J Jan 1 1933
do
Interest reduced__________________ r._x
__ 1892
1,000 1,400,000
4 g ,1 A J Jan 1 1933
do
debentures______________________ x
___ 1912
M & HMch 1 1962
7,500,000
4
Delano L'd 1st M g gu s f (V 90, p 1617)___ GP.x
1891
1,000
326,000
5 g .1 & .1 Jan 1 1932
Wyoming Valley Coal consol (now 1st mtge)____ x
__ 1887
1,000
200,000
6
J & J July 1 1917
—
Cons Real Est 1st M $2,600,000 (V 83. p 702) ..Usm
1906
1.000 In treasury
4
F & A Feb 1 1956
___ 1915
Lewiston Nez Perce & Eastern—1st Ref. M text—
100 A c See text
A & O Apr 1 1940
6g
Nez Perce & Idaho 1st M red part yrly 105-CCxc*
15 1911
600 &c
J & J To Jan 1 1925
105,000
6
g
Lexington Union Station—Preferred stock (see text)—
____
100
388,000
4
■J A J July 1 1917 2%
Llgonler Valley RR—1st M $300,000___________x
16 1913
1,000
300,000
M <& N May 1 1943
6
Lime Rock—Consolidated refunding mortgage gold..
12 ____
1,000
400,000
4 e ,1 A .1 July 1 1929
Litchfield & Madison—First mtge $1,000,000 gold.x
44 1904
1 000 1,000,000
5 g M A N Nov 1 1934
Little Miami—Stk original gu 8% 99 yrs P C A St L._
— ____
50 4,943,100
8 3-5 Q--M 10 JunelO T7 21-5
•Special guaranteed betterment stock ($5,000,000)-.
— ____
50 4,546,650
Q—M 10 JunolO 1917 1%
4
General mortgage $10,000,000............................ z
1912
1.000 1.070.000
M A N Nov 1 1962
4
Little Rock & Hot Sp West—See St Louis Iron Mtn & Sou.
Little Schuylkill Nav RR & Coal—Stock (rental guar)
32 ____
50 2,487.950
J & J July 14 ’ 17 2)4
5 g
Live Oak Perry & Oulf RR—First mortgage--------x
81 1912
1,000
A & O Junel 1942
789,000
5
Long Island—Second (now first) mortgage--------- xc‘
155 1878
100 &c
268,537
F & A Aug 1 1918
7
Consolidated mortgage (gold) ($3,610,000are5s)Ce.v
156 1881
1,000 4,731,000 4 &5g
Q—J July 1 1931
General mortgage gold_________________ Ce.vc*
163 1888
1,000 3,000,000
4 g J & D June 1 1938
Long Island RR M on ferry for $2,750,000 g .Ce.zc*
— 1892
1,000 1,494,000
M
&
S Mch 1 1922
4)4
g
Stewart Line mtge of 1932 for $500,00O gold__Cev
18 1892
1,000
332,000
4 g J & D June 1 1932
Debenture ($1,500,000) gold not subject to call__ z
1894
1,000 al,135,000
5
g
J
& D June 1 1934
New York & Flushing first mortgage assumed..Cez
2 1880
1,000
125,000
6
M
S Mch 1 1920
Bklyn&Mont 2dM assu BusSta to E’tp't A brsCe.zc*
76 1888
1,000
600,000
5 g J A D June 1 1938
Long Island & Flushing M gold assumed.Ce.vc*
19 1887
1,000
650,000
M
A N May 1 1937
5
g
New York Bay Extension 1st M ass $200,000____ z
6 1893
1,000
alOO.OOO
5
J A J Jan 1 1943
Montauk Extension $600,000 1st M assumed__ z
21 1895
1,000
a315,000
J A J Jan 1 1945
6
Unified M gold callable at 110------------ Usm.xc&r
316 1899
$1,000 $5,660,000
4 g
M A S Mch 11949
a'In hands of public; total Issue shown in left-handle olumn ; balan co under unified mtg e.
—Six M o s . to D e c . 31------- Y ea r ending J un e 30—
Revenue fr o m Oper. —
1916.
1915.
1916.
1915.
Coal freight.................... $9,345,640 $9,825,860 S18,811,099 $19,195,756
Merchandise freight----- 11,317,769 10,202,599 20,363,251 16,005,501
Passonger----------------- 2,599,694
2,301,665 4,300,183 4,043,799
Mail, oxpress, &c-------- 2,455,453
1,911,093 3,908,037 3,280.906
Total oper. rovonuo..$25,718,557 $24,241,217 $47,382,570 $42,525,962
Net, after taxes............. $6,358,396 $6,653,332 $12,574,714 $10,871,803
Other income.............
1,360,562
730,346 1,626,229 1,942,212
Total n et.................. $7,718,958 $7,383,678 $14,200,943 $12,814,015
Bond Interest............ $1,917,434 $1,706,662 $3,500,437 $3,459,738
Lease other roads_____ 1,071,295
1,071,295 2,142,589 2,142,589
Other rents, &c............. 727,585
764,409
891,477
889,243
(5)5,315 (10)10,630 (10)10,630
Preferred dividends___ (5%)5,315
Common dividends..(5%)3,025,085 (5)3,025,085(10)6.050,170(10)6,050,170
Balanco, surplus____
$972,245
$810,913 $1,605,640 $261,645
Chairman, E. II. Thomas, 143 Liberty St., N. Y.; Pres., E. E. Loomis;
V.-Pres., J. A. Middleton, F. L. Blondingor, T. N. Jarvis, L. D. SmithTrcas., C. J. Kulp; Sec., D. G. Baird, 228 So. 3d St., Phlla.; Executive
Committee: Chairman, E. B. Thomas, Goo. F. Bakor, E. T. Stotesburv
Wm. P. Clyde, W. II. Mooro and Daniel G. Reid.
Directors—Edward T. Stotesbury, \V. R. Butler, Fred. M. Kirby
Wm. II. Mooro. Daniel G. Reid, E. S. Mooro, James McLean, Samuel T
Bodlne, Geo. F. Baker, Henry B. Coxo, E. B. Smith, Morris L. Clothier —
(V. 104, p. 764, 863, 1263, 2118, 2337. 2553.)
L E W I S T O N N E Z P E R C E & E A S T E R N RR.—Projected from Lewiston
Idaho, to Nez Perce 74 miles, or which 25 miles from Lewiston was partlv
•constructed In Juno 1917, Including 13.8 miles Vollmor to Nozperco I d a
In operation. Stock outstanding, $562,700, par $100. Bonds a u th o r ’’
izod, $5,000,000 First and Refunding gold 6s at $25,000 per mile- Snr>kano & Eastern Trust Co., trustee. Of the bonds, $150,000 are WuU
ble to retire the $125,000 Nez Perce & Idaho 1st 6s,$200.000on account of
work done and $275,000 when first 25 miles are completed. V. 100 r> 9085
For year ending June 30 1916, gross, $37,752; net, after taxes S17 978int., taxes, &c., $6,012; bal., surplus, $10,548. Pres., Z. A J o h n s o n 1
V.-P., D. S. Wallace; 2d V.-P. J. P. Vollmer; Sec.. A. II Alford all of
Lewiston, Ida.; and Treas., I.II. Jorgons, NezPerco, Idaho_( V inn n
1592, 1832. 2085.)
w.iuu. p.
L E X I N O T O N & E A S T E R N R Y . — See Louisville & Nashville
L E X I N G T O N ( K Y . ) UNION S T A T I O N CO .— Owns passenger station
Common stock, $15,000, owned equally by Loulsv. & Nasliv Clics ' A
Ohio and Lexington & Eastern. There has been authorized $500 000 of 4<v
cumulative (non-voting) preferred stock, secured by intge. and rentals n-dd
by above-named roads on basis of passenger cars. Pres., W. A. McDowellL I G O N I E R V A L L E Y R R . —Latrobo to Llgonler, Pa., 10.3 miles- Ligonlor to Fort Palmer, Pa., 5/7 m.; total, 16 miles.
’ "
Stock. $500,000; par $50. Dividend, 25% in stock paid Mav 1 1913
In year 1913-14 6% deferred dividend and 6% regular woro paid) Bonds'
see table abovo. For year ending Juno 30 1916, gross, $290 340• net’
$175,154; 1914-16. gross, $213,029; net.$103,423. l>n£ [ jT r MolionSec., A. W. Mellon; lreas., It. B. Mellon. Office, Pittsburgh, Pa.
’
LIA1E R O C K RR—Owns road In and around Rockland, Me’ 11 m trackage, 1 m.; total. 12 m. Stock, $450,000; controlled bv the RnrkinmiRookport Lime Co. of Maine (V. 92. p. 900). Dlv. in 1905-06 V" ■ion
07,
5%, of whichu 3%
from accumulated
surplus; 1907-08
1 9 9 8 no:
K o r • tono-to
m • io m .il
■ x u o / .- i o i i . i o
o i / m .0 ,.v,n .4 'i
LITCHFIELD & MADISON R Y —Owns Litchfield Jet. to Madison Til
44 m.; trackage. I in.; total, 45 m. Stock, common, S500 non- nr»f 4%
non-cum., $500,000; par, $100. Car trusts Juno 30 19l(j «'io qsq1 -1915-16, gross, $249,401; not, $83,724; other inc., $23,22o’; int &c Year
361; sur., $55,231. Pres.,
l>r<« .Tam
nn Duncan,
Giinran Alton,'
Allrn Til
James
III.—(V7 79,”p' 1256.’)
LITTLE KANAWHA RR.
. . -Parkersburg, W. Va., to Owensnort to
m. Stock, common, $359,500; prof., $150,000; par, $ioo Controlled
by Pittsburgh
Lake Erief linPennsylvania
Co. 4
and
Balto.
ch
___
***irr» i r\
r\of
„i»A il,„
t«.. ai
. road.&asOhio
» wb
>»U1
LU
own
$478,100
the finnlr
stock, the lcuf_naimvl
last-named At\nnr.
operating
the
agent
V
86. p.„98ij V. 82. P- 628;„V. 86. P.- OSU V. 102, p. 66, For yel? ending
a a

to Columbus. O., 55 m.; Cln. St. Con. RR.. 2 m.; Richmond & Miami RR-’
Indiana State line to Richmond, 4 m.; total, 199 miles.
"
LEASE.—On Deo. 1 1809 leased to Pittsburgh Cincinnati & St Louis
(now Pittsburgh Cin. Chicago & St. Louis RR.) for 99 years, renewable for­
ever. The Penna. RR. Co. Is a party to the contract and guarantees Its
faithful execution. Rental Is 8% on $4,943,100 orlrdnal stock. 4°-r, on b e t­
terment stock and int. on debt. V. 84, p. 51, 815; V. 86, p. 857; V. 104, p.
7o*
*
.
Koneral 4s of 1912 ($10,000,000 auth. issue; Cent. Trust
*%?aC6.Pop- c ° - of Cincinnati, trustee) are to boar not over 4% int with
a first lion; remainder $8,930,000 issuable only for betterments when ar>proved, but nono until all the special bettermont stock authorized undor
tho loaso has been Issued. V. 95. p. 750, 1331: V. 96,p. 420.
Lessees ronort shows results to losseo: In 1909, profit, $67,171; In 1910
Prom5,$Tl9!?£8:,ln 19U- Profit, S189.539: In 1912. loss, $28,188: in 1913'
l°,SnA f, ?2’19?; n
loss, $218,712; 1915, loss, $22,588; 1916, profit,
$196,704. Stock auth., $10,000,060. Beginning Doc. 1899, 1-5% extra
paid on com. stock each Dec. and Juno, and with 1912 1-5% also in Sept,
from surplus invested funds, making div. 8 3-5% yearly.—(V. 104, p. 2010.




Places Where Interest and
Dividends are Payable

Of.. Phil, & J P M , N Y
Office, 228 So 3d St, Phil
do
do
Of. PhU,&J P M &Co ,NY
Lehigh Valley RR. Phlla
Office, 228 S 3d St, Phlla
do
do
/ J P Morgan & Co. N Y,
1 and Drexel & Co, Phil
Company’s office, Phlla
Co’s office, N Y & Phlla.
Fidelity Tr Co. Phlla.
New York and Spokane
Chicago
Office. Lexington, Ky
Mellon Nat Bk, Pittsb
Portland, Me
Central Tr Co, N Y
Office, Fosdick Bldg, Cin
do
do
ers’Ln&TrCo, N Y
Office, 410 Walnut,Phlla
Safe Dep & Tr Co, Balt
m s Penna RR Co
do
do&Lon
do
do
do
do
do
do
do
do&Lon
do
do
do
do
do
do
do
do
do
do
do
do

LITTLE SCHUYLKILL NAVIGATION RR. & COAL—Owns from Port
Clinton to Tamanend and Reevesdale, 31.44 miles; 2d track, 26.47 m.; total,
91.71 miles. Re-leascd on Dec. 1 1896 to Phlla. & Read. Ry. for 999 years
and rental reduced from 7% on stock to 5% gold from Jan. 1 1907
DIVS.— 1 ’0 6 .'0 7 .’0 8 .’0 9 .’ 10.’ ll. *12.’13. *14. ’15. '16. 1917.
Since 1903 % / 5 5K 5M 5 5H 5
5
5
5
5
Lessee pays taxes and organization expenses.—(V. 98, p. 1845.)
LIVE OAK PERRY & GULF RR.—Owned Live Oak to Econfenia,
Fla., 62.85 miles; Mayo Jet. to Alton, Fla., 14.41 m.; Murat Jet. to Murat,
3.74 m.; branches, 2.88 m.; total, 83.88 miles. Stock auth., $2,000,­
000; outstanding, $600,000; par, $100. Bonds, see table. Car trusts
Juno 30 1916, $35,000. For year ending June 30 1916, gross, $235,273;
not, $119,063; charges, &c., $66,621; bal., sur., $54,951. Pres., J. H.
Powell; Sec. & Treas., R. Hopkins. Office, Live Oak. V. 104, p. 2452.
LONG ISLAND RR. Operates the steam surface roads of Long Island.
Owns—
Miles.
.............
Leases—(‘ Which see.)
Miles.
Long Island City to Greenport__94 N. Y. Bklyn. A Man. Bch.‘ ....... 16
Long Island City to Montauk__ 115 Other _____________________ 2
Sundry branches_____________ 114 Trackage—
Penna. Tunnel & Terminal_____ 4
Leases (‘ which see)—
Nassau Electric RR ___ . ___ 9 Total Jan. 1 1917________ ..397
Long Isl. RR. No. Shore Brch__ 30 Oper. electrically (miles trac)._188
N. Y . & Rockaway Beach Ry.*._ 12 Double track________________ 150
Also owns the Huntington RR Northport Traction, Nassau County
Ry., Glen Cove RR. and Ocean Electric Ry., having combined mileage o'f
34 44 miles, and through the Long Island Consolidated Electrical Companies
a one-half interest in N. Y. & Long Island Traction Co., 42 m.. and Long
Island Electric Ry., 26 m. V. 89, p. 598; V. 90, p. 1040. In March 1917
rate of mileage books increased from 2c. to 2>4c. per mile. V. 104, p. 1263.
Other rates, V. 104, p. 2343.
PLAN.—In Jan. 1917, on condition that the minority shareholders would
surrender their holdings, the Pennsylvania RR. Co., in order to strengthen
tho credit of the Long Island RR., agreed (a) to accept from the latter in
settlement of tho approximately $30,000,000 of indebtedness due It by the
L. I. RR. Co. (consisting chiefly of 4% debentures), $5,202,100 new 5% 20year debentures, and for the remainder capital stock at par; (b) to give the
$5,202,100 now 5% debentures in exchange for the minority stock, S for $.
See V. 104, p. 361.
Tho now debentures will be secured by any future mortgage on the
property. With the debt to the Pennsylvania RR. discharged as above pro­
posed, “ the amount of earnings of 1916 applicable to the payment of interest
on tho $5,202,100 of new debentures would have been about five times the
amount of such interest." Only about $500,000 minority stock had
not assented in May 1917. V. 104, p. 663,!863,1146,1263, 1899, 2235, 2452.
STOCK.—In April 1917 the auth. capital stock was increased from
$12,000,000, par $50, of which Penn. RR. owned $6,797,900, to $40,000,000.
Stockholders not assenting to tho aforesaid plan were entitled to subscribe
at par till May 22 1917 for 184H % of new stock, tho total outstanding
boing increased to $34,110,250. V. 104, p. 1899.
DIVIDENDS.
82. ’83-’90. '91. '92. ’93. ’94. ’95. ’96.
None
Per cent______
since.
{ 1 4 y’ly. 4K 5 5 4)i 4 4
BONDS.—The Refunding 4s of 1903 ($45,000,000 authorized Issue) are se­
cured by a lien on the entire road, subject to the $21,992,000 outstanding old
bonds, to retire which an equal amount Is reserved; remainder, $24,008.­
000, guar, as to prln. and lnt. by the Penn. RR., were sold, the proceeds to
be used for various Improvements and additions In connection with the
Pennsylvania tunnels to and through New York City, principally for addi­
tional terminal facilities at Bay Ridge and Long Island City and for a double­
track connection with the New Haven road, for additional freight and pas­
senger terminals, tracks, equipment, and to retire old bonds. V. 78, p.
583. 1549; V. 79, p. 2796; V. 80, p. 1111; V. 81. p. 211; V. 82, p. 868; V. 92.
p. 527.
Equipment trusts Dec. 31 1916, $2,360,000. In March 1917 $940,000
4>4% equipment trusts were authorized. V. 104, p. 559, 1263.
The U n ified M ortgage Is limited to the amount now outstanuing. Bonds
are subject to call at 110 in whole or In nart on any Interest day. V. 68.
p. 618. Mtires on real estate *1,767.680. V. 70. n 206; V 85, n 100;
V. 89. p. 529, 1411; V. 90. p. 698, 1040; V. 93. p. 1022; V. 102. p. 609: V.
103, p. 2079. D ebentures of 1917, see “plan” above and V. 104, p. 2452.
GUARANTIES.—In addition to guaranteed bonds In table above, guar­
antees 5% on $650,000 New York Brooklyn & Manhattan Beach pref stock
as part rental; also 6% on $50,000 P. P. & So. Br. stock and 10% on
$82,500 of the New York & Coney Island stock.
The shareholders voted March 14 1906 to guarantee, principal and Inter­
est, an authorized Issue of $10,000,000 4)4% 40-year collat. trust bonds of
the Long Island Consolidated Electrical Companies, a holding company, all
of whose stock Is owned, for the trolley lines owned and controlled. Sec
V. 82, p. 100, 864: V. 84, p.S65: V.86. p. 1157. No bds.sold to Dec. 31 1912
EARNINGS.—4 mos.,/1917.........--Gross, $4,215,395; net, $357,802
Jan. 1 to April 30. \1916---........Gross, 3.985,727; not, 539,416
REPORT.—Report for year 1916. V. 104, p. 1257:
1916.
1916.
' 1915.
1915.
Oper. rovenuo 14,971,839 13,553,780 Hire of equip't 204,169
11,715
Not (aft. tax). 4,156,845 3,486,602 Joint facilities 486,190
457,362
Rents, &c___
452,812
442,768 Miscell. rents. 200,615
204,451
Unfund, secur.
Bond interest- 2,710,242 2,471,049
& accounts . 227,379
290,857 Other interest. 296,551
518,298
Miscellaneous.
29,171
54,237
Gross income. 4,837,036 4,220,226
- <Deduct —
Total deduc. 4,595,564 4,381,377
Loaso oth. rds. 668,625
664,265 Balanco____ sur.241,472def.l61,150
Pros., Ralph Peters, Penn. 1IR. Station, N. Y. City; Treas., James F.
Fahnostoek, Broad St. Station. Phlla.—(V. 104. p. 1899, 2235.2343, 2452.)

76

[Vol. 104

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[F o r abbreviations, ifee., see notes on fir s t page]

M ile s
Date
R oa d B on d s

Par
V a lue

Am ount
O utstanding

Rate
%

W h en
P a ya b le

L a st D ividen d
and M a tu rity

Long Island (Concluded )—
4 g M & S Mch 11949
$500 &c $24,008,000
316
Refund mtge S45.000.000 gold gu p & 1_-Eq.xc*&r
1917
100 &c 5,202,100
5 g M & N May 1 1937
Debentures call aft 5 yrs 102 H -----Usm.yyxc*&r*_
Lea sed and Controlled L in e s , P rin cip a l or Interest Guara nteed.
1,000 al,262,000
30 1892
5g
C—J Oct 1 1932
L IR R N o Sh Br cons M $1,425,000 gu p&LCe.vc*
1,000 a1,601, OIK)
5 g A & O Oct 1 1935
19 1885
N Y B & Man B 1st cons M $1,726,000 gold gu.-Cev
1,000
a883,000
1887
5 g M & S Sept 1 1927
N Y & Rock Beach 1st M $984,000 guar p & 1___Ce
Various 1926-1931
10 '86-'91
1,000 11436,000
P P & C 1 1st and 2d ($96,000 seconds) guar____ v
4 )4
Los Angeles & Salt Lake RR—
_
1,000 57,053,000
4 g J & J July 1 1961
San Pedro Los A & Salt Lake 1st M $70,000,000- Q 1,024 1911
Sep 15’ ll I H %
273
100 52)00,000
Louisiana & Arkansas—Stock $7,000,000 authorized
1,000 5,196,000
5 g M & s Sept 1 1927
273 1902
First mortgage $7,000,000 gold (text)-----G.xc*&r
A & o 1923
1,000
20,000
6
1914
Equip notes S8.000 due annually---------------1,000
100,000
5 g J & ,1 Jan 1 1945
35 1895
Louisiana & North West RR—Underlying M go
115 1905
1,000 2,150.000
5 g A & () Apr 1 1935
First mortgage $10,000,000 gold------------AlSt.xc*
1,000 10,545,000
Louisiana Ry & Nav—First M gold (see text).." * • 334 1903
4H g J & J July 1 1953
250,000
5 g M & s Mch 11950
45 1897
500
Louisiana Southern—'1st M g red at 105--------105 1881
1,000 2,240,000
6 g J & J July 1 1921
Louisiana Western—First mortgage gold.........Ce.zc*
182 1896
5 g J & J July 1 1946
500 2.500.000
Louisv Hend & St Louis—1st M $2,500,000 gold-.G.J
Oct 1 1965
182 1915
700,000
5g
First Consol M $5,000,000 gold-----------------------4 g M & s Mch 1 1945
1,000 4.500.000
1895
Louisville & Jeff Bridge—$5,000,000 g gu p &1— xc"
100 72,000.000 6 in 1916 F A A Aug 10 1917 3 X
Louisville & Nashville—Stock $72,000,000 -----------155 1879
1,000
450.000
E H & N 1st M Hend to Nash g drawn 110-_Ce.xc*
6 g J & D Dec 11919
J & 1) June 11930
1,000 ill,590,000
803 1880
6
Louisville & Nashv Gen M gold drawn 110.Ce.xc*
1,000 3,258,000
176 1881
L C & Lex Gen mtge gold (V 63, p 1010)-----G.xc*
41 4 g M & N Nov 1 1931
45 1880
1,000
113.000
6 g M & S Mch 11920
Pensacola Dlv 1st M gold (drawn at 105)--F.zc*
141 1880
1,000 b4.991,000
6 g J & J Jan 1 1930
New Orl & Mob Div 1st M N O to Mobile g.F.zc*
141 1880
1,000 1,000,000
6 g J & J Jan l 1930
Second mortgage gold_________________ xc*
Southeastern & St Louis Dlv first mtge gold__ xc*
208 1881
1,000 3,500,000
6 g M & S Mch 1 1921
1,000 e2,997.000
208 1881
3 g M & s Mch 11980
202 1887
5 g M & N May 1 1937
1,000 f 1,749,000
5 g M & N Nov 11931
1888
1,000 g4,705,000
First mtge collateral trust ($7)000,000) gold._F.zc'
4 g J & J July 1 1940
Unified mortgage for $75,000,000 g__ Ce.xc*&r> Text 1890 1,000 &c h64,768,000
4H g M & S Sept 1 1945
179 1895
1,000 4,000,000
FOOT-NOTES—b to h See next page.

LORAIN & WEST VIRGINIA RY.—See Wheeling & Lake Erie Ry.
LOS ANGELES & SALT LAKE RR.—(See M a p U n ion P a c ific .)—
From Salt Lake City, Utah, to Los Angeles, on the Pacific Coast, 811 m.
of main line, with branches, aggregating in all 1.154 miles; from Daggett
to Riversido, 111 miles, is trackage over A. T. & S. Fo and Sou. Pac. Has
steamship connection via Hawaiian Islands to China, Japan and Manila.
V. 81, p. 1551; V. 82, p. 1323; V. 91, p. 590. Salt Lako City terminals.
V. 76, p. 920, 1193, 1356; V. 77, p. 38, 148, 695; V. 78, p. 1393; Y. 79. p.
1024. Las Vegas & Tonopah RR., allied, runs from Las1Vegas, Nev.. to
Beatty, 119 miles. V. 81, p. 1175; V. 98. p. 1920. Construction of a lino
from Pico Station to Santa Ana, 24 miles, was In progress in Jan. 1917.
Name changed from San Pedro Los Angeles & Salt Lake RR. in Aug.
1916. V. 103, p.759.
Stock auth., $25,000,000; par, $100: all issued; held in voting trust for
5 years (from 1903) by Farmers' Loan & Trust Co. in joint interest of Union
Pacific and Wm. A. Clark. In Dec. 1912 the U. S. Supreme Court held
valid control by Union Pacific. V. 95, p. 1542.
BONDS.—The mortgage of 1911 is for $70,000,000; $28,526,000 wore
held Juno 15 1917 in the Union Pacific (Oregon Short Line) treasury. V.
90. d. Ill; V. 94. p. 124, 490, 699: V. 96. p. 1703; V. 98. p. 1538. 1994:
V. 100, p. 1833; V. 101, p. 132. The Calif. RR. Commission in May 1917
authorized tho issue of $1,969,000 additional 1st 4s of 1911 on account of
improvements, &c., making, it is understood, whon sold, $59,022,000 out­
standing.
EARNINGS.—4 mos.,(1917......... Gross, $3,900,482; not, $1,196,698
Jan. I to April 30. 11916_____Gross, 3,602,021; not, 1,175,097
REPORT.—For years ended June 30 and Doc. 31 (V. 103, p. 1888):
Y ea r—
G ross.
N e t.
O th er I n c . C h a rn c s.
B a t..S ti r .
Dec. 31 1916-$11,656,885
$4,843,876SU3.856 $3,432,271 $1,525,461
Juno 30 1916. 11,244,355
3,987,292 109,648 2,807,828 1,289,112
Juno 30 1915- 9,497,896
2,796,523 97,319 2,797,283
96,559
Pres., W. A. Clark; V.-P., H. V. Platt; Treas., \V. U. Leeto.—(V. 103.
p. 759, 1888.)
LOUISIANA & ARKANSAS RY.—Owns from Hope, Ark., to Tioga,
La., 192.89 miles; Packton to Wlldsville Jet., La., 53.32 m.; Mlndon, La.,
to Shreveport, 27.15 m.; trackage, Vldalia to Black River, La., opposite
Natchez, 25 m. (St. L. Iron Mt. & So. Ry.); Tioga to Alexandria, La., 7.33
miles; trackage near Shreveport, La., 2.01 miles; total, 303.72 miles. On
Jan. 1 1917 was to begin sending trains by ferry across tho Mississippi River
and thence under trackage agreement over 25 miles of tho Iron Mt. (Mo.
Pac. Ry.) to a connection with tho Illinois Central and Mississippi Central
RR., facilitating through traffic to and from tho East. V. 103, p. 1888.
Rock Island Co. uses 36 miles, Packton, La., to Plnevllle, La., under track­
age contract, and St. Louis Southwestern passenger trains the Shreveport
terminals under a 25-year lease. V. 93, p. 527.
,
t
In Apr. 1917 took over tho Black River Branch (St. Louis Iron Mtn. &
So. Ry.) for exclusive operation between Wlldsville, La., and Concordia,La.
DIVIDENDS.—1906 to 1909, 3% y'ly; then to Sept. 15 1911,2 ) 4 % y'ly.
Nono since to Juno 1916, the surplus funds having boon applied to better­
ments and sinking fund. V. 102, p. 153.
BONDS.—The unissued first 5s (total limited to $7,000,000) are reserved
tor betterments, equipment and extensions, of which $1,000,000 reserved
for bridges across Black and Red rivers, and the balance limited to $20,000
per mile of completed railroad. The entire amount outstanding, but no
part, is subiect to redemption at 110 and Interest on anv Interest date
Annual sinking fund $75,000 por ann. to buy bonds at 110 and tnt.. or under;
otherwise, to bo invested. Of tho $5,196,000 issued Juno 15 1917, $851,000
wero held alive in tho sinking fund. See V. 101, p. 2071.
EARNINGS.—4 mos., f 1917- ............ Gross, $448,846; net, $58,567
Jan. 1 to Apr. 30.
\1916 .......... Gross, 507,224; net, 129,380
EARNINGS.—For six months ending Dec. 31:
S ix M o n th s —
G ross.
N e t.
C harges.
B a l.,S u r p .
1916
_________ $760,205
$180,033
$138,155
$ 41,878
____ ______ 8 9 9 .2 6 9
3 0 3 ,5 5 6
1 6 2 ,5 4 7
1 4 1 ,0 0 9
1 9
1 5
REPORT.—For year ending Juno 30 1916, see V. 103, p. 1787.
Y ea r —
G ross.
N et.
Other I n c . C h a r g e s.A c .
Balance.
1915-16 ..-$1,652,091 $489,915
$47,884
$315,147
$222,653
1914-15___ 1.679.951
483,574
43,726
334.060
193,240
P r e s ., Wm.Buchanan .Texarkana, Ark.—(V. 103,p.666, 1687,1787,1888.)
LOUISIANA & NORTH WEST RR.—Owns Magnolia. Ark., to Natchi­
toches, La., 115 m.; trackage. Magnolia to McNeil, 6.4 m. On Aug.22
1913 Geo. W. Hunter was appointed receiver. V. 97, p. 521, 595.
Stock out, $2,300,000; par. $100. Of 1st 5s of 1905 ($10,000,000 auth.
lasuo), $150,000 Is reserved to retire the old bonds. V. 82. p. 628; V. 85.
p. 1462. Car trusts outstanding Juno 1917, $9,174; loans and bills
payable, $750,853. For year onding Juno 30 1916, gross, $273,137; not,
$21,937: 1914-15, gross. $245,039: opor. def.. $17,147: int., taxes, &c.,
$151,076; bal., def., $168,223. Receiver, Geo. W. Hunter, St. Louis;
Attorney, John A. Richardson, Homer, La.— (V. 97, p. 521, 595.)
LOUISIANA RY. & NAVIGATION CO.—Owns New Orleans to
Shreveport, La., 303.90 miles; Aloha to Winnfield, 27.60 m.; McNoely’s to
Gravel Pit, 2.84 m.; total, 334.34 miles. Stock auth., $12,000,000; out­
standing Dec. 31 1916, $8,131,000; par, $100. In Juno 1917 company had
been paying original 1% Federal incomo tax, but was doubtful about
further amounts boyond tho 1%. Jan. 1 1917, equip, obligations, $26,300.
EARNINGS.—4 mos., (1917-........... Gross, $734,295;
net, $140,38i
Jan. 1 to Apr. 30. 11916.............-Gross, 646,302; not, 124,739
Y ea r ending —
G ross.
N et.
O th erln c. I n t ., A c . B a l.,D e f.
Dec. 31 1916_______$2,142,164 S673.983 $14,023 $700,309 $12,303
June 30 1916.........
2,180,030 667,245 12,969 746,149 66,936
Juno 30 1915_______ 2,023,698 487,968 .......................- ...............Pres., Wm. Edenborn, Hlbornia Bldg., New Orleans: V.-P., II. B. Helm,
Treas.. L. M. McFarlln. Shreveport: Sec., J. J. Tippln.—(V. 99, p. 1748.)
LOUISIANA SOUTHERN RY.—Owns New Orleans, La., to Polnte-a-laHache, La., 45 m.; Poydrasto.’Shell Beach, 16 m.; total, 67 m. Steam
for freight and gasoline motor cars for passenger service. In Feb. 1916 was
being operated for account of owners by New Orleans Texas & Mexico. In
Jan. 1901 the United Ry. & Trading Co. of England acquiree! over 95% of
the stock and bonds, that company also owning the IConilworth Sugar
Estates, 10.000 acres. V. 76. p. 706. Stock, $300,000; par, $100. Dlvs. In




P laces W h ere Interest and
D ivid en d s are P a yab le

Treas Penn RR Co, N Y
do
do
Treas Penn RR Co, N Y
do
do
do
do
do
do
Guaranty Trust Co, N Y
Checks mailed
Guaranty Trust Co, N Y
Boody, McL & Co, N >
See text
R WInthrop & Co, N Y
S P Co, 120 B'way, N V
Bk of Amer. NY;& Loult
Now York
J P Morgan & Co, N Y
71 Broadway, New York
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
71 Broadway, New York

1900-01,7%: 1901-02, 7 4 % : 1905-06. 414%. Year ending June 30 1916.
gross. $127,650; net, $18,893. Pres.. B. A. Hopkins, New York; Sec.,
S. Gibbs. Loudon, Eng. Office, New Orleans, La.—(V. 95. p. 618.)
LOUISIANA WESTERN RR.—(See M a p oj Southern Pacific) —Owns
from Lafayette, La., to Sabine River. 105 miles; Abbeville to Mamou, 68 m.;
Mallard Jet. to Lako Arthur. 34 m.; total, 208 mllos. Operated indepen­
dently. Southern Pacific owns all tho $3,360,000 stock. Dividend on
stock in 1905-06 and 1906-07. 10% yearly; in 1907-08, 85%; in 1908-09,
20%; 1909-10 and 1910-11. 15%: 1911-12,10%; 1912-13. 10%: 1913-14.
10%; 1914-15, 10%: 1915-16, 15%. In 1915-16, gross, $2,441,952; not
income, $930,717; dividends (15%), $504,000; charges, $249,704; surplus,
$177,014. In 1914-15, gross, $2,186,500.—(V. 103, p. 1210.)
LOUISVILLE BRIDGE CO.—In 1916 Penn. RR. Co. acquired praotically all stock not already owned.—(V. 102, p. 609, 800.)
LOUISVILLE HENDERSON & ST. LOUIS RY,—ROAD.—Louisville
to Henderson, Ky., 144 miles (Including 6 miles trackage); Irvington to
Fordsville, Ky., 44 miles; L. & N. trackage, Henderson, Ky., to Evans­
ville, Ind., 12 miles; total, 200 inilas. Louisv. & Nashv. on Doc 31 1916
owned $1,524,662 of the $2,000,000 5% non-cuin. prof, and $1,724,662 of
the$2,000,000 com. (par$100 . V. 94. p. 207; V. 95, P-1274; V 96. p. 653.
In Oct. 1915 filed a 55,000,000 1st consol. M. bond, $2,710,000 reserved
to retiro 1st M. 5s at maturity; $700,000 sold forthwith and $1,590,000 re­
served for future extensions and additions. V. 103. p. 1882; V. 101, p.
1370. There aro $180,000 414% equipment notes of 1912. Scries A, due
$30,000 yearly Sept. 1917 to 1922 and (Dec. 31 1916) $110,000 misc. oblig.
EARNINGS.—4 mos., 11917 ........Gross, $670,761; not, $242,731
Jan. 1 to Apr. 30.
11916______ Gross, 554,632; not, 163,189
REPORT.—For year ending Dec. 31 1916, V. 104, p. 2445.
C al. Y e a r s.
G ross.
N e t.
Other In c . In t.,R e n ts,A c .
S urp lus.
1916____ SI,751,114
S528.730
$11,748
$282,717
5257,731
>1915 .......... 1,447,836
294,166
5,689
249,955
49,900
Pres., R. N. Hudson.—(V. 103, p. 1301, 1882; V. 104, p. 2235, 2445.)
LOUISVILLE & JEFFERSONVILLE BRIDGE CO.—One-half mile long
approaches 2 miles; overhead viaducts 1H miles, with connecting lines In
Louisville; 40 acres in Louisville and about 60 acros In Jeffersonville.
Stock, 51.425,000: mtge. for 55,000.000: bonds for 5500.000 are reserved
for future construction, &c.; the bonds are guaranteed Jointly and severally
by the Chesapeake & Ohio and Cleveland Cincinnati Chicago & St. Louis, In
whose interest the stock is owned, and any deficit is payablo in tho propor­
tion of ono-third and two-thirds respectively; see V. 60, p. 130; V. 61. p.
327, 559; V. 62. p. 84.— (V. 89, p. 529.)
LOUISVILLE & NASHVILLE RR.-(See M a p . ) — ROAD.—Operates
main lino, Cincinnati. O.. to New Orleans, La., 921 m.; branches to St.
Louis. Memphis, &c., 4.150 m.; total. Dec. 31 1916. 5.071 mllos, viz.:
M ile s.
M iles.
Owned, proporty deeded_____ 4,222 Operated under contract-------- 39
Entiro capital stock owned___ 450 Under trackago arrangements __ 221
do
(owned but loasod).
5
Operated under loase_______ 134
Reporting Separately {M a k in g 7,647 M ile s Owned and Associa ted J an . 1 1917).
Other
lines__________________
1
Nashville Chatt. & St. Louis___983
♦Georgia Railroad System_____571 Owned but loased to othor cos__ 21
do Paducah * Mem. Dlv— 248
♦Louisville Hend. & St. Louis__ 182
___ ___________________
♦Chic.
Indianapolis* Louisvlllo-622 Deduct (incl. in trackago abovo) 59
* Seo separate statements for these companies.
In Oct. 1915 merged tho Lexington & Eastorn Ry. (211 miles), and also
minor subsidiaries with itself. V. 101. p. 1272: V. 91. p. 1447; V. 92, p.
1701; V. 97, p. 1029; V. 100, p. 901. See Bonds below.
In 1913 purchased South & North Alabama RR. V. 97, p. 729, 1287.
Control b y A tlantic Coast L i n e . —Late In 1902 the Atlantio Coast Line RR.
acquired $30,600,000 of the (then) $60,000,000 stock and owns $36,720,000
of tho present $72,000,000 stock, but the roads are operated Independently.
V. 74. p. 830, 1038; V. 75, p. 733. 1399.
„
DIVS. / '99. '00. ’01-’04. 05-’07. 1908. '09. '10 to '14. ’ 15. 10, 17.
Since 18931 3 H 4 5 y’ly 6 y’ly 5H 5H
7 y ly
5 6. 7
In Fob. 1916 paid 2 ) 4 % : August, 314%.
A
nnn , 01
Also in Feb. 1908 1% in LouisvilloProperty Co. stock. V. 86, p.229, 421;
V. 102, p. 2341.
BONDS.—E v . H e n d . A N a sh . 6s are drawn at 110 annually In amounts in­
creasing each 5 yrs. until $150,000 per year Is reached; 1916, 5150.000
Pensacola D lv . bonds are now called 536,000 yearly.
V. 81. p. 265, 726>
The General M ortgage bonds of 1880 are called at 110 In increasing amounts
each year; $688,000 was paid Juno 1 1917- V. 104, p. 1264.
" U n i f i e d " mortgage, $75,000,000, of which $41,917,600 was reserved to re­
tire all prior liens (none of tho prior liens can bo extended), tho balance for
Improvements, extensions (at tne rate of $32,000 per mile, Including equip­
ment). and for other purposes. The mortgage covers (besides 1,994 miles
of road and equipment), $26,473,606 stock of companies controlled and
$3,150 000 bonds free from any lien. See abstract of mortgage In V. 51,
p. 613; also V. 72. p. 1034. 1188; V. 77, p. 968. In Jan. 1917, of $64,768.­
000 outstanding. $2,155,000 was In treasury and $18,000 In sinking funds.
M o bile A M o n tgo m ery— Louisville A N ashville Joint mortgage Is for
$5,000,000; 51,000,000 reserved for Improvements. V. 61, p 196,750.
K e n tu c k y Central mtge. abstract. V. 45, p. 372.
L ou isville A N ashville Term inal 4s.—Jointly guaranteed, prln. and Int..
by L. & N. and Nashv. Chatt. & St. L. See form, V. 88. p. 1313.
In 1902 the Louisville & Nashville and the Southern Ry. acquired 59.­
796,900 of the 510,500.000 Chic. Indianapolis & Louisv. common and
*3.873.400 of the $5,000,000 pref. stock In exchange for their Joint 50-year
4% bonds. V. 74. p. 1138: V. 76. p. 593. Of the $15,500,000 1oInt bonds
secured by doposit of this stock, $31,000 aro in treasury; $1,563,000 aro
reserved to*acquire remaining “ Monon" stock and $2,079,000 tor impts.,
&CThe Atlanta Knoxville & Cincinnati division 4s ($50,000,000 authorized)
cover 870 miles. Of the bonds, an equal amount were reserved to retire
at maturity underlying bonds, viz.: Kentucky Central 4s, $6,742,000:
Atlanta Knoxv. & North, bonds, $1,500,000. The line from Livingston to
Jellico. 61 miles. Is subject to prior lien of unified mtge. V. 80, p. 872: V.
84. p. 1428; V. 92. p. 1178. 1311. 1565; V. 96. p. 716, 1022.







J u n e , 1917.]
I For

Miles Date
Road Bonds

RAILROAD CO M PAN IES
abbreviations, &c., see notes on first page]

Par
Value

Amount
Outstanding

Rate

6 . b $ 9 ,0 0 0 .

d $ 1 1 ,0 0 0 .

e $ 3 ,0 0

?

G r o s s e a r n i n g s ...................... .......................$ 0 4 ,9 2 8 ,1 2 0 $ 6 0 ,3 1 7 ,9 9 3 $ 5 1 ,6 0 6 ,0 1 5
O p e r a t in g e x p o n s o s _______________________ 4 2 , 0 4 2 ,1 1 1
3 9 , 7 9 6 ,4 8 1 3 9 ,4 3 1 , 7 8 9
N e t e a r n i n g s ........................................... . . $ 2 2 , 8 8 6 , 0 0 9

S 28 ,13 0,11 4

$ 2 0 ,5 2 7 ,5 1 2 $ 1 2 ,1 7 4 ,2 2 6

$2 4 ,9 8 3 ,6 8 1 $ 1 5 ,6 0 3 ,8 2 2

T a x e s , & c ..........................
2 ,4 4 6 ,1 4 4
2 ,2 6 1 ,6 0 6
2 ,1 4 2 , 7 7 8
I n t e r e s t a n d r o n t __________________________
8 ,5 5 7 ,9 3 0
8 ,6 8 2 ,9 4 4
8 ,5 0 9 ,2 8 0
S in k in g f u n d p a y m e n t s -------------------------1 6 9 ,2 3 0
8 5 ,2 8 1
9 1 ,6 2 2
D i v i d e n d s -------------------------------------------------( 7 ) 5 , 0 4 0 , 0 6 0 (6 ) 4 , 3 2 0 , 0 0 0 ( 5 ) 3 , 6 0 0 , 0 0 0
S u r p lu s o v e r d i v i d e n d s ------------------------- $ 1 1 ,9 2 2 ,8 1 1 $ 9 , 6 3 3 , 8 4 9 $ 1 , 2 6 0 , 1 4 2
O F F I C E R S . — C h a ir m a n , H e n r y W a l t e r s . B a l t . ; P r e s ., M . H . S m i t h ,
a n d 1 st V . - P . , W . L . M a p o t h e r . I .o u t s v illo ; 2 d V . - P . , E . L . S m it h e r s , N . V .
O f f i c e , 71 B ’ w a y , N . Y . — ( V . 1 0 3 , p . 1 6 8 7 , 2 4 2 9 ; V .1 0 4 . p . 1 2 6 4 , 1 3 8 1 , 1 4 8 9 .)
L Y K E N S V A L L E Y R R . & C O A L C O .— O w n s f r o m M llle r s b u r g , P a ., t o
W l ll la m s t o w n , P a . , 19 m ile s .
N e w le a s e t o N o r t h e r n C e n t r a l f o r 9 9 y e a r s
f r o m J u l y 1 1 9 1 0 p r o v i d e s f o r a n n u a l r e n t a l o f $ 2 4 ,0 0 0 ( e q u a l t o 4 % o n
s t o c k ) o r g a n i z a t io n e x p e n s e s a n d t a x e s .
V . 92, p. 527.
M A C O N & B I R M I N G H A M R Y . — O w n s S o f k e c J e t . t o L a G r a n g e . G a .,
9 6 .8 7 m ile s .
P a s s e n g e r t r a in s a r e o p e r a t e d b e t w e e n M a c o n a n d L a G r a n g o .
G a . , 1 0 5 m ilo s .
7 .0 3 m il e s o f G . S . & F . R y . a n d 1 .1 0 m ile o f O . o f G a . R y .
b e t w e e n S o f k e o a n d M a c o n o p e r a t e d u n d e r t r a c k a g e r ig h t s .
V . 101,
p. 449.
I n 1 9 0 8 a r e c e iv e r w a s a p p o i n t e d ; n o w J o h n B . M u n s o n .
V . 86
p . 337.
I n y e a r 1 9 1 5 -1 6 , g r o s s , $ 1 4 8 ,4 5 1 ; n o t , S 8 .7 0 4 ; o t h e r i n c o m e , $ 9 5 4 ;
f n t . , h ir o e q u i p . , & c . , $ 1 4 ,6 3 1 ; b a l . , d o f . , $ 4 , 9 7 3 . — ( V . 1 0 1 , p . 4 4 9 .)
M A C O N D U B L IN & S A V A N N A H R R .— O w ns roa d fro m M a con to
V ld a lia , G a ., 9 2 m ile s .
S t o c k , $ 3 ,2 0 0 ,0 0 0 a u t h . ; o u t s t a n d i n g , $ 2 , 0 4 0 , 0 0 0
( p a r $ 1 0 0 ).
S e a b o a r d A i r L in e R y . g u a r a n t e e s b o n d s , p r ln . a n d I n t e r e s t.
B o n d s , S c r ie s 1 5 0 6 t o 1 5 2 9 I n c l., h a v o c la u s e 'F e d o r a l i n c o m o t a x , i f a n y
o n s a m o , is t o b o p a i d b y p u r c h a s e r .
V . 8 9 , p . 43; V . 8 4 , p . 102, 450 .
F o r y o a r e n d i n g D e c . 3 1 1 9 1 6 , g r o s s , $ 4 9 0 ,6 5 .); n e t , $ 1 5 6 ,9 7 6 : i n t e r e s t ,
r e n t a l s , A c . , $ 1 1 2 ,7 9 3 ; b a l . , s u r . , $ 2 6 ,6 9 0 .
P r e s ., J a m e s A . B la ir J r ..
N . Y . ; S e c . Sc T r o a s . , J . R . F r i n k . — ( V . 1 0 0 , p . 1 0 7 8 .)
M A C O N T E R M I N A L C O .— B u ild in g , tr a c k s , A c . , a t M a c o n , G a ., c o m ­
p l e t e d a n d Is u s e d b y C o n t r a l o f G e o r g i a , G e o r g i a S o u t h e r n & F l o r i d a a n d
S o u t h e r n R y . (a ll lin o s o n t o r in g M a c o n ) , w h ic h o w n t h o $ 1 0 0 ,0 0 0 s t o c k a n d
g u a r a n te e t h o b o n d s , p r ln . a n d ln t ., b y o n d o r s o m o n t.
R e n t a l o n w h o o la g o
b a s is c o v e r s l n t . o n b o n d s a n d a ll c h a r g e s .
O f t h o 1 st 5 s ( $ 3 , 0 0 0 , 0 0 0 a u t h
I s s u e ), $ 1 , 6 0 0 , 0 0 0 h a s b o o n s o l d .
V . 1 0 1 , p . 1 8 8 6 .— ( V . 1 0 1 , p. 1 8 8 6 .) '
M A H O N IN G C O A L R R .— O w n s fro m Y o u n g sto w n to A n d o v e r , O
and
b r a n c h e s , 71 m ilo s .
I n D e c e m b e r 1 9 0 7 p u r c h a s e d a o n e - h a l f i n t e r e s t in
t h e L a k o E r i e Sc E a s t e r n R R . In Y o u n g s t o w n , A c .
L e a s e d in p o r p o t u i t y f o r 4 0 % o f g r o s s e a r n in g s t o L a k o S h o r e ( n o w N Y
C e n t r a l ) , w h ic h J a n . 1 1 9 1 7 o w n e d $ 8 6 5 ,9 0 0 c o m . a n d $ 3 9 9 ,5 0 0 p r o f s t o c k '
D I V S . — F 9 2 . '0 3 . '9 4 . '9 6 - 0 6 . '0 7 - 0 9 . '1 0 . ' l l . '1 2 . '1 3 . '1 4 . l f i • }«
O n c o m . / 8 >i 8
8 1 0 y r l y 12 y r l y 66 7 0 2 0 7 0 6 0 6 0 5 0 t e x t
I n 1 91 5 a n d 1 9 1 6 . w it h r e g u la r 2 0 % p. a . ( F . & A . ) p a id in J u n e 3 0 % o x t .
I n 1 9 1 7 , F e b . a n d A u g . , e a c h 1 0 % a n d 3 0 % e x t r a in J u l y .
/0
T h e p r e fe r r e d s t o c k c e r t lflo a t e s a r e 5 % g u a r a n t e e d a n d c o n t a i n a c la u s e
m a k in g t h e m r e d e e m a b l e a t p a r a t o p t i o n o f c o m p a n y .
Y e a r e n d i n g D e c . 31 1 9 1 6 , r e n t a l a n d o t h e r i n c o m o , $ 1 , 7 2 9 , 4 1 0 ; s u r p lu s
o v e r l n t . a n d 5 0 % o n c o m . a n d 5 % o n p r o f . , $ 8 6 8 ,3 3 8 . — ( V . 1 0 4 , p . 1 5 9 1 .)
M A I N E C E N T R A L R R . — (SeeMap . ) — P o r t l a n d t o V a n c e b o r o , M e . , v ia
A u g u s t a , 2 6 7 m . ( in c l . t r a c k a g e P o r t l a n d t o F a l m o u t h , 7 m . ) ; b r a n c h e s .
R o y a l J e t . t o S k o w h e g a n v i a L e w i s t o n . 9 0 m .; B a t h t o L o w l s t o n a n d F a r m ­
i n g t o n , 7 9 m . ; O a k la n d t o I l i n e o S t a . , 91 m . ; P o r t l a n d a n d R u m f o r d F a lls
S y s t o r n , 1 0 3 m . ; O q u o s s o c t o I C e n n o b a g o , 1 1 m . ; B a t h t o R o c k l a n d . I n c l.
f e r r y ( 0 .6 0 m . ) , 4 9 m .; B e l f a s t , H a r m o n y , F o x c r o f t . B u c k s p o r t a n d M t .
D e s e r t , i n c l. f o r r y ( 7 .7 m . ) , 1 5 7 m . : W a s h i n g t o n C o u n t y , 1 3 9 m . ; P o r t l a n d
t o S t . J o h n s b u r y . V t . . 1 3 8 in . i n c l. t r a c k a g e , 0 .1 I r a . S t . J o h n s b u r y S t a . .
a n d 8 . 2 7 i n . f r o m P o r t l a n d U n io n S t a . t o W in d h a m L i n o , M e . ; Q u o b o c
J e t . , N . I I . , t o L i m e R i d g e , P . Q . . 1 0 8 m .; t o t a l , 1 ,2 3 0 m il o s , o f w h ic h
6 5 6 o w n e d , 6 5 1 o p o r a t e d u n d e r le a s e e , 16 t r a c k a g e a n d 8 f e r r y .
A l s o lo a s o s
f r o m J a n . 1 1 9 1 5 p a r t o f S t . J o h n s b u r y Sc L a k o C h a m p la in R R . f r o m S t .
J o h n s b u r y t o L u n e n b u r g , 2 2 m ile s .
V . 1 0 1 , P- 8 4 6 .
I n A u g . 1 9 1 1 p u r c h a s e d e n t ir e s t o c k o f S a n d y R i v e r Sc R a n g e l e y L a k e s
R R .. a 2 -ft . g a u g o r o a d e x te n d in g fro m F a rm in g to n t o R a n g e le y M e .
4 7 m ile s , a n d S t r o n g t o B i g e l o w , M e ., 3 0 m ile s , w it h b r a n c h e s , a t o t a l o f
1 0 4 m ile s .
V . 93, p . 408 , 689 . 940: V . 94, p . 098.
In O c t . 191 2 a c q u ir e d
e n t i r o s t o c k o f B r i d g t o n Sc S a c o R i v e r I t R . , 2 1 m i l e s , 2 - f t . g a u g e , v . 9 5 ,
p . 176.
P u r c h a s e R a n g e l e y L a k e s Sc M e g a n t i c R R . . V . 9 5 , p . 1 2 0 2 .
S T O C K . — T h o s t o c k h o l d e r s In 1 9 1 5 a u t h o r i z e d r o t lr i n g $ 1 0 ,0 0 0 ,0 0 0 o f
t h e o u t s t a n d i n g s t o c k a n d I s s u in g i n p l a c e t h e r e o f $ 3 ,0 0 0 , 0 0 0 5 % n o n - v o t i n g
c u m . p r o f , s t o c k a n d $ 7 ,0 0 0 , 0 0 0 1 st Sc r e f. 2 0 - y r . 4 4 $ s .
V . 101, p . 923 ,




F
M
F
F
F
A
J
A
J
J
M
M
J
J

A
A
A
A
A

A
S
A
A
A
O
J

&
A
P
&
A
A
A
A
A

O
J
D
S
N
D
D

Sc

J
J
J
J
F
J
J

&

J

&

A
A
&
A
A
A
Q— J
Q— M
A
J

J
J

K

F
J

J

,T
J

A
A
A
A

A
A

&

A

J
J
J
J
A
J
J

D
D
,T
J
A
A
J
,T

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Aug 11921
71 B r o a d w a y , N Y C it y
S e p t 1 1931
do
do
Aug 11937
do
do
F eb 1 1940
do
do
Aug 11936
do
do
O c t 1 1963
do
do
J u ly 1 1945
do
do
J u ly 1 1952
J P M organ A C o, N Y
A p r 1 1905
J u ly 1 1987
71 B r o a d w a y , N ew Y o rk
D eo 1 1940
do
do
M ch 1 200 2
do
do
M a y 1 1955
do
do
D ec 1 1952
do
do
D e c ’ 1 7 -J u n e '2 3
do
do
J u ly 2 1917 2 %
J u ly 1 1946
J a n 1 1947
J u ly 1 1965
A u g 1 1917 1 0 %
J u l y 2 ’ 17 2 b %
J u ly 1 193 4
J u l y 2 1 9 1 7 14$
J u n e 1 1917 1 4 i
June 1 1 9 2 3

D ec
J u ly
Jan
Aug
F eb
Jan
J u ly
.12 J u l y
J J u ly

1
1
1
1
1
1
1
2
1

1935
1 91 7
1933
1920
1921
1954
1917
1950
1955

O f f i c e B r o a d S t S t a .P h l l a
N o c o u p o n s e v e r p a id
N ew Y o r k T ru st C o, N Y
C o lu m b ia T r u s t C o , N Y
G ra n d C en t T e r m , N Y
U n io n T r u s t C o , N Y
do
do
O f f i c e , P o r t l a n d , Me
A m e r ic a n T r u s t ,

B oston

N Y , B o s t o n Sc P o r t l a n d
do
do
do
do
N Y , B o s to n A P o r tla n d
do
do
N Y , B o s to n A P o r tla n d
N at Shaw B a n k , B oston
do
do
A m er T ru st C o. B oston

0 . f$l 5 , 0 0 0 g $ 4 2 4 ,0 0 0 h $ 2 . 1 5 6 ,0 0 0 i $ 3 8 ,0 0 0 n $ 1 5 ,5 0 0 r $ 2 1 7 , 0 0 0 t $ 7 0 8 ,0 0 0 u $ 1 , 2 4 9 . -

O f t h e S o u t h Sc N o r t h A l a b a m a R R . g e n e r a l c o n s o l . 6s ( $ 2 5 , 0 0 0 , 0 0 0 a u t h .
I s s u e ), $ 7 , 4 0 0 , 0 0 0 h a v e b e e n s o l d , g u a r . , p r l n . Sc l n t . , b y t h e L . & N . ;
$ 1 0 ,0 0 0 ,0 0 0 a r e r e s e r v e d t o r e t ir e t h e 1 s t 5 s o f 1 8 8 8 ; r e m a in d e r f o r I m ­
p r o v e m e n ts , e q u ip m e n t, A c .
V . 9 8 , p . 4 54 , 150, 1001.
T h e s u b s i d i a r y L e w i s b u r g Sc N o r t h e r n R R . In S e p t . 1 9 1 5 m a d e a m o r t ;a g o t o s e c u r o $ 1 5 ,0 0 0 ,0 0 0 5 0 - y e a r 6 % b o n d s , o f w h ic h $ 8 , 2 5 7 , 0 0 0 t o p a y
o r c o n s t r u c tio n a n d $ 6 ,7 4 3 ,0 0 0 fo r fu r th e r c o n s t r u c tio n a n d I m p r o v e ­
m en ts.
I n J a n . 1 1 9 1 7 n o n o h e ld b y p u b l i c .
V . 101, p . 8 4 6 , 1272.
L e x i n g t o n & E a s t e r n R y . 5 s w e re f o r m a l l y a s s u m e d in A p r . 1 9 1 7 ( a u t h .
Issu e $ 2 0 ,0 0 0 ,0 0 0 ) .
See V . 100, p . 1438; V . 101, p . 1272; V . 102 , p . 1163;
V . 104, p . 1489.
F I N A N C E S .— In J u n o 1916 t h o d lv id o n d ra to w a s re sto re d t o 7 % .
V.
102, p . 2341.
D I v . o n N a s h v . C h a t t . & S t . L o u is R y . s t o c k ( $ 1 1 ,4 8 4 ,1 0 0
o w n e d ) w a s r a is e d f r o m 5 % t o 6 % b a s is F e b . 2 1 9 1 6 . V . 1 0 2 , p . 2 5 1 .
E A R N I N G S . — 4 m o s ., J 1 9 1 7 ____ G r o s s , $ 2 3 ,2 0 2 , 2 7 6 ;
n o t , $ 0 ,3 1 7 ,2 1 3
Jan . 1 to A p r. 30.
\ 1 9 1 6 ____ G r o s s ,
2 0 ,6 1 7 .0 1 8 ;
n et,
6 ,3 0 6 ,1 5 5
R E P O R T . — F o r n e w f is c a l y e a r e n d i n g D e c . 3 1 1 9 1 6 In V . 1 0 4 , p . 1 3 9 3 :
Year ending — Years end. June 3 0 —
Dec. 3 1 ’ 1 6 .
1916.
1915.
A v e r a g e m ll o a g o __________________________
5 ,0 5 8
5 ,0 7 1
5 ,0 3 7
F r e i g h t e a r n i n g s .................................................$ 4 7 ,7 2 7 ,9 7 5 $ 4 4 ,6 5 8 ,8 6 0 $ 3 6 ,9 5 3 ,7 9 4
P a s s e n g e r e a r n i n g s _______________________ 1 2 ,7 0 9 ,9 7 4
1 1 ,4 8 8 ,0 8 6 1 0 ,8 5 9 ,0 4 7
M a i l , e x p r e s s , & c ......... ..................................
4 .4 9 0 ,1 7 1
4 ,1 7 1 ,0 5 3
3 ,7 9 3 , 1 7 4

G ross in c o m o _____ __________

When
Payable

%

L o u i s v i l l e & N a s h v i l l e (Concluded) —
160 1881
P e n A A t 1 s t M g o l d d r a w n 1 1 0 a s s u m e d ----------- x c *
$ 1,0 0 0 $ 1 , 3 6 3 , 0 0 0
6 g
10 1 88 1
n e n d e r s o n B r id g e C o 1 s t M g o l d d r a w n 1 0 5 .C e .x c *
1,0 0 0
8 0 2 ,0 0 0
6 g
105 1887
N a s h v F l o r A S h e d 1 st M g a s s u m e d In 1 9 0 0 . C c . z c
1 ,9 9 6 ,0 0 0
5 g
1,0 0 0
254 1890
P a d u c a h A M e m D i v 1 s t M $ 5 ,0 0 0 ,0 0 0 g o l d . B a .x c *
4 g
1,0 0 0 r 4 . 6 1 9 . 0 0 0
202 1 8 8 6
5 g
1,0 0 0 t 9 . 2 9 2 ,0 0 0
S o u & N o r A l a 1 st M ( V 9 7 . P 1 2 0 4 , 1 4 2 6 )g g u C e . x c *
202 1 9 1 3 1,0 0 0 & c
7 ,4 0 0 .0 0 0
5 g
G e n c o n s M $ 2 5 ,0 0 0 ,0 0 0 g g u a r ------- U s .x c * A r *
N e w p A C ln B r 1st M g s f a ssu m gu b y P e n n C o .F .x
1895
1 ,3 7 1 ,0 0 0
1.0 0 0
4 b e
—
4 g
1 9 0 2 1 .0 0 0 Sec n 5 , 8 9 8 .5 0 0
L & N - S o j ’ t M $ 7 ,7 5 0 ,0 0 0 r e d 1 0 5 s i n c e ’ 0 7 - O . x c ’ A r
2 1 1 1915
L e x i n g t o n Sc E a s t 1 s t M $ 2 0 ,0 0 0 ,0 0 0 a s s u m e d N .y c *
1,000 v 7 . 5 0 0 ,0 0 0
5 g
247 1887
1,0 0 0 i 6 , 7 0 3 ,0 0 0
4 g
K e n t u c k y C e n t r a l 1 st M ($ 7 ,0 0 0 ,0 0 0 ) g o l d _ _ A l p . z c *
228 1896
5 g
9 9 9 ,0 0 0
A t l a n t a K n o x v i l l e & N o r t h e r n fir s t m t g e g o l d . C e . x
1,000
228 1902
5 0 0 ,0 0 0
4 g
A t l K n o x v & N o r c o n s o l M g o l d $ 1 0 ,0 0 0 p m . U s . x
1,0 0 0
L & N — A t l II & C D i v M $ 5 0 ,0 0 0 ,0 0 0 . _ U s .x c * A r *
870
1 90 5 1 ,0 0 0 Sec u 2 4 7 4 5 ,0 0 0
4 g
___
2 ,5 0 0 ,0 0 0
L & N T e r m M $ 3 , 0 0 0 ,0 0 0 g o l d g u a r J o in t ly . B a . x c *
1902
1,0 0 0
4 g
1913
3 ,9 0 0 , 0 0 0
6 g
E q u i p t c e r t s g s o r A d u o $ 3 2 5 ,0 0 0 s - a ----------F L .x c *
1,0 0 0
L o u is v i ll e N e w A l b a n y & C h ic a g o — S e e C h ic a g o I n d i a n a p o l f s & L o u l s v ille .
19
5 9 9 ,1 2 0
4
20
L y k e n s V a il R R & C o a l C o — S t o c k — R e n ta l p a y s 4 %
97 1 8 9 6
1,0 0 0
5 0 0 ,0 0 0
5 g
M a c o n & B i r m in g h a m — F ir s t M $ 5 0 0 ,0 0 0 g — O B .x c
M a c o n D u b lin & S a v — 1 st M $ 1 ,8 4 0 ,0 0 0 g g u . . . N . c *
93 1907
1,0 0 0
1 .5 2 9 .0 0 0
5 g
,
Macon Terminal— 1 st M $3,000,000 g gu.ColC*Ar*
1915
1,0 0 0
1 ,6 0 0 ,0 0 0
5 g
71
1 ,5 0 0 ,0 0 0 S e e t e x t .
50
M a h o n i n g Coal R R — S t o c k , C o m m o n ....................................
___
71
6 6 1 ,3 6 7
5
50
• P r e f e r r e d s t o c k (s e e t e x t ) ---------------- ---------- ------------------1 . 5 0 0 ,0 0 0
5
F irs t M Y o u n g s t o A n d & c g u a r n & 1 ( e n d ) - - U n .z c
63 1 8 8 4
1,000
...
—
100 1 4 ,9 0 7 ,6 1 7 6 In 1 9 1 6
M a in e C e n t r a l— O o m s t o c k a n d s c r ip ( $ 1 5 , 0 0 0 , 0 0 0 ) .
100
5
P r e f s t o c k 5 % c u m n o n - v o t i n g , $ 3 , 0 0 0 , 0 0 0 ---------------3 ,0 0 0 ,0 0 0
C o lla t e r a l t r u s t b o n d s fo r M t D e s e r t B r a n c h . A B . z c
41 1 8 8 3
1,0 0 0
6 4 8 ,0 0 0
5
1 s t & R e f M $ 2 5 ,0 0 0 ,0 0 0 ( $ 6 ,0 0 0 ,0 0 0 c a l la b le J ’ n o 1
,
T 8 Sc $ 7 , 0 0 0 ,0 0 0 D o c 1 T 8 a t 1 0 2 & i n t . _ . c * A r *
1 9 1 5 1.0 0 0 & c 1 3 ,0 0 0 ,0 0 0
44$
___
1887
1,0 0 0
I m p r o v e m e n t b o n d s " B ” t o b e p a i d o f f J u l y 1 '1 7
2 5 0 ,0 0 0
4 b
M a in e C e n tr a l E u r A N o A m r e fu n d i n g m t g e g o l d . z
66 1 8 9 3
1,0 0 0
1 , 000,000
4 g
F ir s t M P e n o b s c o t S h o r e L in e R R C o a s s u m e d ___ z
48 1890
1,0 0 0
1 ,3 0 0 .0 0 0
4
K & L 2 d M ( fo r $ 4 0 0 ,0 0 0 ) a s s u m e d ------------------ B B z
48 1891
1,0 0 0
4 0 0 ,0 0 0
5
W a s h i n g t o n C o u n t y 1 st M p e r m ile g g u r e d . C e . z o *
139 1904
1,0 0 0
2 ,5 0 0 ,0 0 0
3 b (
42 1 8 8 7
S o m e r s e t R v 1 st M t o b o p a id o f f J u l y 1 1 9 1 7 ------600 A c
2 2 5 ,0 0 0
5
C o n s o li d a t e d m o r t g a g e $ 4 2 0 ,0 0 0 g o l d -------------- _z
42 1 9 0 0
500 A c
4 g
1 7 2 ,5 0 0
F ir s t a n d r e fu n d i n g m t g e $ 1 , 5 0 0 , 0 0 0 g o l d . . A B z
94 1 9 0 5
1,0 0 0
8 6 4 ,0 0 0
4 g
A l s o in t r e a s u r y D e c . T
000.
v $ 2 ,3 2 3 ,0 0 0 .

79

RAILWAY STOCKS AND BONDS

1370, 1465.
T h e s e s e c u r it ie s h a v i n g b e e n u n d e r w r it t e n w e r e o f f e r e d t o
s h a re h o ld e rs .
T h e c o m m o n s t o c k w a s t h u s r e d u c e d t o $ 1 4 ,9 0 7 ,6 1 7 .
See
b o n d s b e lo w .
V . 101, p . 1628, 1714.
T h e m a j o r i t y i n t e r e s t in t h e s t o c k
f o r m e r l y o w n e d b y t h e B o s t o n Sc M a i n e w a s a ll d i s p o s e d o f in 1 9 1 4 -1 6 ,
t h r o u g h th e M a in e R a ilw a y s , a n d tru s t w o u n d u p .
V . 9 8 . p . 312 , 1071;
V . 102, p . 1250; V . 103. p . 1407.
D I V I D E N D S — / ’ O 4 -’ O 0.
’07.
'0 8 - T 0 .
'l l .
191 2 t o J u ly 1917
O n c o m m o n s t o c k - \ ;7 y ’ l y .
7
8
y ’ly .
74$
6 y e a r l y (1 4$ Q -J )
B O N D S . — T h o 1 s t Sc R e f . M . m a d e in 1 9 1 5 (s e e a b o v o ) is l im i t e d t o
$ 2 5 ,0 0 0 ,0 0 0 ; $ 6 , 0 0 0 , 0 0 0 w e r e is s u e d t o r e t ir e $ 6 , 0 0 0 , 0 0 0 n o t e s o f 1 9 1 9
( c a ll e d a n d p a id o f f a t 1 0 2 4 $ M a y 1 1 9 1 6 ); $ 1 , 7 0 0 , 0 0 0 a r e r o s e r v e d t o r e t i r e
o t h e r u n d e r l y i n g b o n d s ; $ 5 , 3 0 0 , 0 0 0 w e r e i s s u a b le f o r a n y l a w f u l p u r p o s e ,
a n d t h o r e m a in in g $ 5 , 000,006 m a y b e is s u e d o n l y f o r i m p r o v e m e n t s w h e n t h e
o a r n ln g s a r o 14$ t im e s a ll i n t e r e s t c h a r g e s , i n c lu d in g t h e b o n d s t o b e i s s u e d .
A f ir s t m o r t g a g e o n a b o u t 3 2 0 m il e s o f r o a d . I n c lu d in g t h e l i n e r u n n i n g f r o m
P o r tla n d t o B a n g o r a n d o n e n tire s t o c k o f P o r t la n d T e r r a . C o . , a n d a
s e c o n d m o r t g a g e o n a b o u t 88 m il e s .
A m o u n t o u t s t a n d i n g w a s in c r e a s e d
in A p r i l 1 9 1 6 f r o m $ 7 , 0 0 0 , 0 0 0 t o $ 1 3 ,0 0 0 ,0 0 0 t o r e t ir e a f o r e s a id n o t e i s s u e .
V . 102, p . 9 7 6 . 1163. 1250.
A l l b o n d s d u e J u l y 1 1 9 1 7 w il l b e p a i d o f f .
T h e r o a r e a ls o $ 1 0 2 ,0 0 0 M a i n e S h o r e L i n e 6 s a s s u m e d , d u e 1 9 2 3 ; a ls o
$ 3 3 ,6 0 0 B e l f a s t Sc M o o s e h o a d L a k e m t g e . 4 s ( n o t t a x - e x e m p t ) , d u e 1 9 2 0 ,
n o t g u a r a n t e e d , l n t . a n d s k . f d . p a i d o u t o f r e n t a l; A n d . Sc K e n . s t o c k
b o n d s , $ 1 1 ,0 0 0 , e x c h a n g e a b l e f o r M . C . s t o c k ; t h e A . & K . s t o c k b o n d s a r t
i n c lu d e d In t h e a b o v e o u t s t a n d i n g s t o c k .
V . 9 5 , p . 1332.
G u a ra n te e s b o n d s o f P o r tla n d T e r m in a l C o .
S ee th a t c o m p a n y .
E A R N I N G S . — 4 m o s . , / 1 9 1 7 ................. . G r o s s , S 4 ,3 6 3 ,3 1 9 ; n o t , $ 7 5 6 ,1 5 8
3 ,8 6 7 ,2 5 8 ; n o t,
9 4 0 ,3 7 9
J a n 1 t o A p r 3 0 ______ 1 1 9 1 6 .................. G r o s s ,
A N N U A L R E P O R T .— R e p o r t fo r c a l. y e a r . V . 10 4 , p . 189 9:
1916.
1915.
_____
1915.
1916.
Cal. Years—
$
$
3 ,5 4 5 , 2 3 5
G r o s s e a r n s . . 1 2 , 8 2 4 , 6 7 6 1 1 ,4 2 5 ,1 3 5 G r o s s i n c o m e . 4 , 0 2 2 , 8 3 7
1 ,3 0 3 ,2 1 0
O p e r . i n c o m e - 3 ,4 0 2 , 5 9 7
2 ,7 9 4 ,9 8 3 R e n t s , & c _____ 1 ,7 7 5 ,8 1 3
5 1 2 ,0 9 5 I n t .o n f d . d e b t
8 4 8 ,9 9 2
5 7 5 ,6 7 1
O th e r in c o m o .
3 9 6 ,9 2 9
2 3 8 ,1 5 7 D i v i d e n d s . . .
8 7 2 ,3 8 2
1 ,4 1 3 ,7 9 3
R e n t s , & c _____
2 2 3 ,3 1 1
G ro s s I n c . . 4 ,0 2 2 ,8 3 7
3 ,5 4 5 .2 3 5 i
B a L .s u r p ..
5 2 5 ,7 4 3
2 5 2 ,5 6 1
P r e s . , M o r r i s M c D o n a l d . D ir e c t o r s , V . 1 0 3 , p . 1 6 8 7 .— ( V . 1 0 4 , p . 2 5 5 3 .)
M A N C H E S T E R & L A W R E N C E R R .— O w n s fro m M a n ch e s te r, N . H .,
t o M e t h u e n ( S t a t o l i n e ) , 2 3 . 4 m .; s id e t r a c k 9 .2 m . , t o t a l , 3 2 . 6 m .
L ea sed
fo r 50 y ea rs fro m S e p t. 1 1887 t o B o s to n & M a in e a t re n ta l p a y in g 1 0 % d iv .
I n 1 8 9 5 a d i v . o f 5 0 % p a i d f r o m p r o c e e d s o f C .& M .s u i t . — ( V . 7 3 , p . 1 2 6 4 .) 1
M A N H A T T A N R Y . ( E L E V A T E D ) . — O w n s a ll t h e e l e v a t e d r a i lr o a d s In
b o r o u g h s o f M a n h a t t a n a n d t h e B r o n x , N . Y . C i t y , m a in lin e a n d b r a n c h e s ,
3 7 44 m ile s , d o u b l e - t r a c k e d , w it h 4 2 4 4 m ile s a d d it i o n a l t h i r d t r a c k , s id in g s ,
A c . ; t o t a l t r a c k , 1 1 8 m ile s ; 3 d r a il e l e c t r i c .
T h e 2 d , 3 d a n d 9 t h A v e . lin e s ,
u n d e r a g r e e m e n t w it h t h o c i t y m a d e in M a r c h 1 9 1 3 , h a d in J a n . 1 9 1 6 b e e n
l a r g e ly 3 - t r a c k o d .
S ee I n te r b o r o u g h R a p id T r a n s it C o .
L E A S E . — T h e I n t e r b o r o u g h R a p id T r a n s i t C o . le a s e s t h e r o a d f o r 9 9 9
y e a r s f r o m N o v . 1 1 8 7 5 , g u a r a n t e e in g 7 % p e r a n n u m o n t h e s t o c k .
V. 75,
p . 1202, 1302; V . 7 6 . p . 212; V . 7 9, p . 2456; V . 9 0 , p . 791 .
G u a ra n ty , V .

‘ B O N D S . — C o n s o ls b e y o n d $ 4 0 ,0 0 0 ,0 0 0 m a y b e Is s u e d f o r e x t e n s i o n s a t
$ 3 0 0 ,0 0 0 p e r m ile o f s in g le a n d $ 6 0 0 ,0 0 0 p e r m ile o f d o u b l e t r a c k .
O f th e
b o n d s , $ 1 2 ,7 1 2 ,0 0 0 a r e t a x - e x e m p t .
A f t e r a ll t h e $ 5 ,4 0 9 , 0 0 0 2 d M . b o n d s
h a v o b e e n is s u e d , a ll f u r t h e r c a p i t a l e x p e n d it u r e s m u s t b e f i n a n c e d b y t h e
In terb orou gh R . T . C o .
T h i s m o r t g a g e is m a d e s u p e r i o r in l ie n t o t h e
le a s o .
V . 103, p . 1118.
V . 51, P. 248; V . 87 , p . 285.
I n F e b . 1 9 1 6 8 4 ,5 2 3 ,0 0 0 4 % 2 d M . b o n d s w e r e s o l d t o r e im b u r s e t h e I n t e r ­
b o r o u g h R . T . C o . f o r im p r o v e m e n t s a n d a d d it i o n s f u r n is h o d u n d e r le a s e ,
& c.
T h o 2 d m t g o . is m a d e s u p e r io r in lie n t o t h e le a s o t o t h o I n t e r b o r ­
ough.
V . 1 03 . p . 1118; V . 102 . p . 6 0 9 . 712 . 800: V . 9 7 . p . 111 5. 1504.
T o 1 8 9 8 c la im s a g g r e g a t i n g $ 8 ,8 4 7 ,8 5 4 h a d b e e n p a id a s d a m a g e s t o
a b u ttin g p r o p e r t y ,
i n 1 9 0 7 -0 9 p a id f r a n c h is e t a x 1 9 0 0 t o ’ 0 8 ( $ 4 , 8 7 6 , 5 4 5 ) .
R E P O R T ( Y e a r end. June 3 0 ) —
1 9 1 5 -1 6 .
1 9 1 4 -1 5 .
1 9 1 3 -1 4 .
G r o s s o p e r a t i n g r e v e n u e ________________ S 1 6 .5 3 4 .2 7 6 $ 1 5 ,5 8 9 ,9 4 8 $ 1 5 ,9 5 4 ,8 3 8
N e t , a f t e r t a x e s ...............................
7 ,5 6 3 ,3 2 4
7 ,1 6 0 ,0 9 8
7 ,5 2 8 ,8 4 3
G r o s s i n c o m o ______________________________
7 ,6 7 6 ,7 0 5
7 ,2 9 9 ,2 2 3
7 ,5 8 8 ,5 5 6
I n t e r e s t a n d r e n t a l p a i d _________________
2 ,0 8 3 ,4 7 5
1 ,6 8 2 ,6 5 7
1 , 6 8 2 ,6 5 7
4 ,2 0 0 ,0 0 0
4 ,2 0 0 ,0 0 0
4 ,2 0 0 ,0 0 0
D i v i d e n d s ( 7 % ) .......................
B a la n c e , s u r p l u s ______________________ 8 1 , 3 9 3 , 2 3 0
$ 1 ,4 1 6 ,5 6 6
$ 1 ,7 0 5 ,8 9 9
P r o s ., E d g a r L . M a r s t o n ; V i c e - P r e s .. J o h n H . M c C l e m e n t ; S e c . a n d
T r e a s ., D . W . M c W illia m s ; A s s t. S e c .-T r e a s ., P . V . T r a in q u e .— ( V , 1 0 3 ,
p . 1 1 1 8 , 1 2 1 0 .)
iM A N I L A R R . — (Gauge, 3 ft. 6 in . ) — T h is c o m p a n y , o r g a n i z e d In N e w J e r ­
s e y In 1 9 0 6 , h a s t a k e n o v e r a n d Is o p e r a t i n g t h e o n l y s t e a m r o a d o n t h *
I s la n d o f L u z o n , P h ilip p in e I s la n d s , 5 5 0 m ile s ( V . 88 . p . 1 3 1 3 : V . 9 1 . p . 2 1 5 .)
I n o p e r a t i o n S e p t . 1 9 1 6 , 3 1 5 m ile s o f N o r t h e r n lin e s a n d 2 7 9 m ile *
S o u t h e r n lin e s .
A d d i t i o n a l m ile a g e h a s b e e n u n d e r c o n s t r u c t i o n .
I n J a n . 1 9 1 7 t h o p u r c h a s e o f a ll t h e o u t s t a n d i n g s t o c k b y t h e P h il ip p in e
G o v t , fo r $ 4 ,0 0 0 ,0 0 0 c a s h h a d b e e n c o n s u m m a t e d .
V . 103, p . 9 39 , 1031;
V . 1 0 2 , p . 6 0 9 , 2 5 1 ,2 1 6 6 .
B O N U S . — T h e M a n ila R R . (S o u t h e r n L in e s ) 1 st g o l d 4 s o f 1 9 0 9 , g u a r ­
a n t e e d a s t o I n t e r e s t b y t h e P h ilip p in e G o v e r n m n t u n d e r A c t o f U . S . C o n ­
g r e s s , a r e l im i t e d t o $ 3 0 ,0 0 0 ,0 0 0 . o f w h ic h $ 1 0 ,5 7 5 ,0 0 0 h a v e b e e n is s u e d .
T h e b o n d s a r e r e d e e m a b l e a s a w h o le a t a n y t im e a t 1 1 0 o r b y l o t f o r a s in k ­
in g f u n d o f Yi o f 1 % y e a r l y f r o m M a y 1 1 9 1 9 t o A p r . 3 0 1 9 2 8 , a n d 1 % y e a r l y
th e re a fte r.
V . 91, p . 215, 276. 717: V . 91, p 1711; V . 9 3, p . 45.
In M a y 191 7 th o c o m p a n y w a s e x te n d in g th e s e b o n d s f r o m M a y 1 1 9 3 9
u n t il M a y 1 1 9 5 9 , w i t h a s in k i n g f u n d s u f f i c i e n t t o p a y o f f t h e e x t e n d e d
b o n d s a t m a t u r it y .
H o ld e r s w e r e r e q u e s t e d t o d e p o s i t t h e i r b o n d s a t t h o
F a rm e rs’ L o a n & T r u s t C o .— V . 104, p . 1801.
I n J u n e 1 9 1 6 , u n d e r a g r e e m e n t f o r s a le o f t h e c a p i t a l s t o c k t o t h e P h ilip
p i n e G o v t . , It w a s a g r e e d , w it h o t h e r p r o v i s io n s : (1 ) T o c a n c e l t h e N o r t h ­
e r n D i v . ( $ 4 , 3 3 0 , 0 0 0 ) 6 % 1 s t M . b o n d s a n d ( $ 7 ,7 1 6 ,0 0 0 ) 7 % 2 d M . b o n d s
( p le d g e d a s p a r t s e c u r it y f o r t h e “ A ” a n d “ B ” d e b e n t u r e s t o c k s a n d b o n d s
o f M a n i l a R y . , L t d . ) a n d t o i s s u e in l ie u t h e r e o f $ 1 3 ,2 3 6 ,0 0 0 n e w 1st M .
5 % 4 0 -y e a r b o n d s.
(2 ) T o a p p ly n o t o v e r j£ 5 9 0 . 0 0 0 o f t h e $ 4 ,0 0 0 , 0 0 0 p u r -

Miles Date
Road Bonds

RAILROAD COM PAN IES
[For abbreviations, A c . , see notes on first page. ]
M a i n e C e n t r a l ( Concluded)— Guaranteed Issues—
P o r t l a n d & O g d e n s b u r g s t o c k ( 2 % r e n t a l 9 9 9 y r s ) ...
1 s t M g u a r p r in & In t e n d ( V 8 6 , p 1 2 8 5 ) -------------- z
D e x t e r tc P i s c a t a q u i s s t o c k 5 % r e n t a l 9 9 9 y e a r s . .
F ir s t M D e x te r t o F o x c r o f t & c g u a r b y e n d . .B B z
H e r e f o r d R y s t o c k ( r e n t a l 9 9 9 y e a r s ) ------------------------F ir s t m o r t g a g e g u a r p r l n a n d l n t ( e n d o r s e d ) — z
U p p e r C o o s R R s t o c k 6 % r e n t a l 9 9 9 y e a r s . . . ............
1 s t M a n d E x t e n M ($ 6 9 3 ,0 0 0 4 ) 4 a ) g u a r p Sc l . z
D e x t e r & N e w p o r t s t o c k 5 % ------------------------------------------F ir s t M ( o ld 6e r e fu n d e d In 1 8 9 7 ) g u a r p & l e n d z o *
E a s t M a in e s t k 4 )4 % r e n t a l 9 9 9 y e a r s ......................... ..
P o r t l a n d U n io n R y S t a s e r ie s " A ” & “ B ” ( t e x t ) . s f z
P o r t l a n d T e r m n e w M $ 1 0 ,0 0 0 ,0 0 0 g g u x c * & r ( t e x t )
P o r t l a n d Sc R u m f o r d F a lls R R — S e e t h a t c o m p a n y
M a n c h e s t e r & L a w r e n c e — S t k 1 0 % r e n t t ill ’ 3 7 B & M
P l a i n b o n d s ( n o t m t g e ) In t g u a r b y B & M ------------z c
M a n h a t t a n ( E l e v a t e d ) R y . N Y — S t o c k $ 6 0 ,0 0 0 ,0 0 0
M a n h a t t a n E l e v c o n s ( n o w 1 st) m t g e g o l d . C e . x c ’ & r
2 d M $ 5 , 4 0 9 , 0 0 0 g c a l l a t 1 0 5 ( s e e t e x t ) ------------ E q
M a n ila — 1st M S o u L i n e s g l n t g u s f r e d 1 1 0 F - - x c * & r»
do
do
s in k in g f u n d ___________________
N e w 1 s t M o n N o r L i n e s $ 1 3 , 2 3 6 , 0 0 0 ---------------------C e
M a n i s t lq u e & L a k e S u p — I n c M 4 % n - c $ 1 ,3 0 0 , 0 0 0 _z
M a n is t & N E— 1 s t M g d u e 4 0 M y ’ l y r e d t e x t .C C . x o *
M a n it o u & P i k e ’ s P e a k R y — 1 s t M $ 5 0 0 ,0 0 0 g - . F . x c *
M a n it o u lin & N o r t h S h o r e — S e e A l g o m a E a s t e r n R y . .
M a r l o n & R y e V a l l e y R y — F i r s t m o r t g a g e ................. 3
M d D e l & V a — 1 s t M $ 2 , 0 0 0 , 0 0 0 a u t h g o l d g u a r ------- j
M a r s h a ll & E a s t T e x a s — 1 s t M g o l d c a ll l Q 2 - . S S t . x c
M a r y la n d & P e n n s y lv a n ia — Y o r k & P e a c h B o t M . _ :
F ir s t m o r t g a g e $ 1 , 2 0 0 , 0 0 0 g o l d c a l l a t 1 0 5 .M e B a .x c '
I n c o m e m o r t g a g e $ 9 0 0 ,0 0 0 4 % c u m c a l l p a r . . M eB i
N o t e s $ 5 0 0 ,0 0 0 g o l d r e d 1 0 2 ) 4 - ............_ _ . M e B a . x c
M a r y l a n d & P a T e r 1 s t M $ 2 0 0 ,0 0 0 g g u r e d l l O - . x :
M a s o n C i t y & F t D o d g e — 1 st M g ------------------ . C e , x o &
M a s s a w ip o i— S t o c k g u a r s a m e d lv as C o n n & P a s s . .
M c C lo u d R i v e r — F i r s t m o r t g a g e $ 1 . 2 0 0 , 0 0 0 ---------------- :
M e a d v i l le C o n n e a u t L a k e & L in e s v ille — F i r s t m t g e . .
M e m D a l & Q — l s t & r e f M $ 3 .6 0 0 .0 0 0 g r e d t e x t M S t x c
• M e m P a r is tc G u lf— 1 st M g o l d r e d 1 0 3 b e g i n 1 9 1 9 .:

110
110
17
17
53
53
55
65
14
14
19

1908
1889
1890
1890

Par
Value
$ 10 0
1,0 0 0
100
1,0 0 0
100
1,0 0 0
10 0

1892
37
37
37

68
9

1890
1913
1909
1917
1916
1909
1909
1908

500 &c

18 1902
7 7 1905
92 1911
4C 1 8 8 2
8C 1 9 0 1
8C 1 9 0 1
1913
1906
371 1 9 0 5
37
1907
22 1 8 9 1
1913
1908

Gross.

Net.

$ 9 8 ,1 4 3
6 3 ,6 2 3

Charges.

$ 6 7 ,8 8 3
7 1 ,7 0 2

Oth. Inc.
$652
2 ,3 7 4

1 7 5 ,0 0 0

1,000
1,000
10 0 & c
1,000
1,000
100
1,000
1.000
l.O O O & c
1 .0 0 0

Balance.

MANISTIQUE & LAKE SUPERIOR RR.— M a n i s t lq u e , M i c h . , o n L a k e
M ic h i g a n , n o r t h e r ly t o E v e l y n , 4 2 m . ; b r a n c h t o D o y l e s , 1 5 m .; V . 8 1 , p
975; V . 87, p. 97: V . 89, p. 470.
T h e A n n A r b o r R R . In A p r . 1 9 1 1 a c ­
q u ir e d t h e e n t ir e $ 2 5 0 ,0 0 0 s t o c k .
V . 92. p. 1109.
B o n d s a u t h ., S l .3 0 0 .0 0 0 2 5 -y e a r 4 % n o n -c u m . in c o m e s .
O n D e c . 3 1 1 9 1 6 , g r o s s , $ 1 4 2 ,9 0 4 ; n e t ,
$ 3 7 ,7 2 4 ; o t h e r i n c o m e , $ 7 3 5 : t a x e s , r e n t a l s , & c . , $ 1 8 ,0 6 6 ; b a l . , s u r ., $ 2 0 , ­
393.
P r e s . & G e n . M g r . , A l f r e d W . T o w s l e y , T o l e d o , O . — ( V . 9 2 , p . 1 1 0 9 .)
MANITOU & PIK E’ S PEAK RY.— M a n i t o u , C o l . , t o s u m m it o f P i k e ’s
P e a k , 8 . 9 m ile s ; s t a n d a r d g a u g e .
O p e ra te d fro m A p ril t o N o v e m b e r y r ly .
S t o c k , $ 5 0 0 ,0 0 0 ; p a r o f s h a r e s . $ 1 0 0 .
D l v . , 4 0 % p a i d in 1 9 1 3 -1 4 ; 1 9 1 5 ,
S o p t ., 1 0 % ; 1916, n o n o .
I n t . o n b o n d s p a i d r e g u l a r ly t o d a t e J u n o 1 1 9 1 7 .
F o r y e a r o n d . D e c . 3 1 1 9 1 6 , g r o s s , $ 6 1 ,8 1 2 ; n e t , lo s s , $ 7 1 0 ; o t h o r i n c o m e ,
$ 1 , 3 9 9 ; i n t . , $ '2 5 , 0 0 0 ; t a x e s , $ 4 , 3 2 3 ; b a l . , d e f . , $ 2 8 ,6 3 4 . P r e s . . O . W . S e l l s ,
M a n i t o u , C o l o . — ( V . 8 9 , p . 8 4 7 .)
MARION & R YE VALLEY R Y .— O w n s M a r l o n t o S u g a r G r o v o , V a . .
1 8 m ile s .
A r e o r g a n i z a t io n In J u n e 1 9 0 0 .
C o n t r o l l e d b y U n it e d S t a t e s
Spruce L u m b er C o .
S t o c k , $ 1 0 0 ,0 0 0 , p a r , $ 1 0 6 .
D iv id e n d 1 9 1 5 , 6 % .
B o n d s $ 1 7 5 ,0 0 0 6s , s e e t a b l e a b o v e .
V . 9 6 , p . t4 7 2 .
Y e a r e n d in g J u n e 3 0
1 9 1 6 , g r o s s , $ 8 6 ,1 3 8 ; n e t . $ 3 3 ,2 9 1 ; i n t . , & c . , $ 2 2 ,3 9 2 ; b a l . , s u r ., $ 1 0 ,8 9 9 .
P r o s . & G o n . M a n . , J . O . C a m p b o ll ; T r e a s . , L . A . A m s l e r ; A u d . , B . S .
C h a r l t o n , M a r l o n , V a . ; O . H . M i l l e r , F a i r m o n t , V a . — ( V . 9 5 , p . 1 4 7 2 .)
MARSHALL & EAST TEXAS R Y — O w n s f r o m E l y s l a n F ie ld s . 1 8 m ile s
s o u t h o f M a r s h a ll T e x . , o n T e x . tc P a c . . t o W l n n s b o r o , o n M . K . & T . 9 2 m .:
2 b r a n c h e s , 4 m il e s .
O n J a n . 2 5 19 1 7 B r y a n S n y d e r w a s m a d e r e c e iv e r o n
a p p l i c a t i o n o f S t . L o u is U n io n T r u s t C o . V . 1 0 4 , p . 4 5 2 .
F o r e c l o s u r e s a le
s e t f o r J u l y 3 1 9 1 7 ; u p s e t p r i c o , $ 5 0 0 ,0 0 0 . V . 1 0 4 , p . 1 8 9 9 .
C o n t r o l l e d b y I n t e r e s ts r e p r e s e n t e d b y S t . L o u is U n io n T r u s t C o .
S uooe sso r t o T e x a s S o u th e r n R y ., fo re c lo s e d A u g . 4 190 8.
V . 87, p. 416, 481.
S t o c k o u t s t a n d i n g , $ 2 0 0 ,0 0 0 .
l » t M . 2 0 - y e a r 5 s ( $ 5 , 0 0 0 ,0 0 0 a u t h . ) , s e e
V . 93, p. 589. 1787.
L o a n s a n d b i ll s p a y a b le J u n e 3 0 1 9 1 6 , $ 3 1 6 ,7 9 7 ; c u r
tr u s ts , $ 2 ,3 7 5 .
F o r y e a r e n d i n g J u n o 3 0 1 9 1 6 , g r o s s , $ 1 8 8 ,3 5 7 ; o p e r . d e f . ,
* 1 7 , 4 9 1 ; t a x e s a n d r e n t a l s , $ 9 , 9 8 9 ; b o n d I n t ., $ 5 9 ,0 0 0 .
P r e s ., A lb o r t T .
P e r k i n s , S t . L o u i s , M o . ; V . - P . Sc A s s t . S e c . , O s c e G o o d w i n , D a l l a s , T o x . ;
S e c . . B r y a n S n y d e r , a n d T r o a s . , E . K e y , M a r s h a l l , T o x . — ( V . 1 0 4 , p . 1 8 9 9 .)
MARYLAND DELAWARE & VIRQINIA RY.— O p e r a t e s L o v e P t . . M d . .
t o L e w e s , D e l. , 7 2 m ile s ; Q u e e n s t o w n J e t . t o C e n t e r v ille , M d . , 5 m .; t o t a l .
7 7 m .; a n d L e w e s t o R e h o b o t h , 5 m . . Is t r a c k a g e o v e r D e l. M . & V lr .
A ls o
o w n s 1 0 8t e a ip o r s o n t h e P o t o m a c R i v e r . & c . , b u t o n A u g . 2 0 1 9 1 4 w a s
o r d e r e d t o d i s p o s e o f p r a c t i c a l l y a l l it s w a t e r lin o s ; in F e b . 1 9 1 7 m a t t e r w a s
n o t d e f in it e ly d e c id e d .
V . 101, p . 694.
S t o c k , $ 3 , 0 0 0 , 0 0 0 . o f w h ic h o n e - h a l f e a c h o f c o m m o n a n d 4 % n o n - c u m .
p r o f . ; p a r o f s h a r e s , $ 5 0 o a c h ; 1 st M . 5 % b o n d s d u o F e b . 1 1 9 5 5 , $ 2 ,0 0 0 ,0 0 0 ;
lo a n s a n d b i ll s p a y a b l e D e c . 3 1 1 9 1 6 , $ 7 6 1 ,7 5 0 .
B a lt . C h e s . & A t l a n ­
t i c R y . ( P e n n s y l v a n i a R R . s y s t e m ) In D e c . 1 9 1 6 , o w n e d a l l t h o c o m m o n
a n d $ 3 0 0 ,0 0 0 p r e f . s t o c k , a n d g u a r a n t e e s b o n d s .
In
1916, gross,
$ 9 2 4 ,2 8 7 ; n e t , $ 3 3 ,4 2 4 ; o t h e r I n c o m e , $ 1 , 4 2 4 ; c h a r g e s , $ 1 6 7 ,5 6 4 ; b a l . , d o f . ,
$ 1 3 2 ,7 1 6 .
Y e a r 1 9 1 5 , g r o s s , $ 9 0 4 ,1 5 5 ; n o t , $ 4 8 ,0 5 4 . — ( V . 1 0 2 , p . 1 3 4 6 .)
MARYLAND & PENNSYLVANIA RR.— B a lt i m o r e , Md , t o Y o r k . P a . .
7 8 .9
m ile s . V . 7 2 , p . 3 3 9 . I n 1 9 1 0 o b t a i n e d r ig h t t o b u i l d t o t id e w a t e r .
S T O C K A N D B O N D S . — S t o c k a u t h o r i z e d , $ 3 ,6 0 0 ,0 0 0 , o f w h ic h $ 1 , 9 9 7 . ­
6 0 0 r e s e r v e d f o r c o n v e r s io n o f n o t e s (s e e b e l o w ) a n d f u t u r e r e q u ir e m e n t s .
I n 1 9 0 2 t h e a u t h o r i z e d Issu e o f t h e f ir s t 4 s w a s r e d u c e d f r o m $ 2 ,7 0 0 , 0 0 0 t o
$ 1 , 2 0 0 , 0 0 0 , o f w h ic h $ 2 0 3 ,0 0 0 a r e r e s e r v e d t o r e t ir e t h e Y o r k & P e a c h
B o t t o m 5 s a n d $ 1 0 0 ,0 0 0 a d d it i o n a l f o r f u t u r e p u r p o s o s , & c . V . 7 4 , p . 9 4 .
427; V . 79 . p . 2205.
O f t h e 6 % n o t e s o f 1 9 1 3 ( $ 5 0 0 ,0 0 0 a u t h o r i z e d is s u e ) ,
$ 3 0 0 ,0 0 0 h a v e b e e n s o l d .
T h e y a re c o n v e r t ib le In to c o m m o n s t o c k a t
$ 5 0 p e r sh are u p t o J u ly 1 192 3.
N o m o r tg a g e c a n b e m a d o w it h o u t p r o ­
v id in g fo r th e n o te s . V . 9 7 , p . 111 5 , 9 5 1 .
M a r y l a n d Sc P e n n s y lv a n ia T e r ­
m in a l g u a r a n t e e d b o n d s . V . 8 2 , p . 1 0 4 1 , 1 1 0 2 .
E q u ip m e n t n o te s J a n .
1 9 1 7 , $ 4 4 ,0 0 0 .
V . 96, p . 203.
P a id o n In co m e s , 1 9 0 1 . 3 % : 190 2 t o A p r .
1 9 1 4 , I n c l . , 4 % y e a r l y ( 2 % A . Sc O . ) ; n o n e s i n c e t o a n d i n c l . A p r . 1 1 9 1 7 .
E A R N I N G S . — 1 m o s . , / 1 9 1 7 ......................... G r o s s , $ 1 6 2 ,2 4 9 ; n e t , $ 4 0 ,9 2 8
h a .J a n . 1 t o A p r i l 3 0 .
1 1 9 1 6 - 1 ................... G r o s s , a . 1 4 9 ,6 5 8 ; n e t , .. 4 1 ,9 0 1

When
Payable

4 *
5
to
5 g
5 g
6

M
J
A
J
M
M

4 M
J
A
J
F

3“

Places Where Interest and
Dividends are Payable

3 1 '1 7 ) 4 %
1 1928
1 T7 2H %
1 1929
1917 2 %
1 1930
1917 3 %
1 1930
1917 2 )4 %
1 1917
1917 2 « %
'2 7 - J a n ^29
1 1961

M a in e C e n t O H , P o r t l a n d
N Y , B o s to n A P o r tla n d
O ffic e , D o v e r , M e
B o s S a fe D e p A TT C o
T re a s o ffic e , P o r tla n d
N Y , B o s to n A P o r tla n d
O ffic e , P o r t la n d , M e
N Y , B o s to n A P o r tla n d
T rea su rer’ s o ffic e , P ’t l’d
N Y , B o s to n A P o r tla n d
O ffic e , R o c k la n d , M e
F id e lit y T r C o , P o r t la n d
do
do

& N M a y 2 1917 5 %
&
J Jan 1 1922
Q— J
J u ly 1 1917 1 H
& O Apr 11990
& D Ju n e 1 2013
A N See te x t
& N M a y 1 1959
J u ly 1 1956
&
S A u g 1 1934
A
J |Jan 1 9 1 8 -1 9 3 9
A
O O ct 1 1928

M a n ch ester, N ew H a m p
B ost A M e R R , B oston
165 B r o a d w a y , N Y
do
do
do
do
S peyer & C o , N ew Y o rk
do
do

28 M a y
N 'N o v
J J u ly
J u ly
M ay
M ay
& N M ay
& N M ay
J u ly
&
.
&
S Sept
& N M ay
&
J J u ly
Sc J J u l y

1 , 1 8 0 ,0 0 0
fe
2 0 2 ,4 5 0
M
4 g
8 9 7 ,0 0 0
9 0 0 ,0 0 0 S e e t e x t A
J
3 0 0 ,0 0 0
6g
M
200,000
5 8
J
1 2 , 000,000
8 0 0 .0 0 0
6
1 , 200,000
5
200,000
S ee tex t
6 g
4 2 0 .0 0 0
6g

1*

Last Dividend
and Maturity

— F

4g

10
4
7
4 g
4 g

2 , 000,000

50 & c

n e t , $ 1 4 ,7 4 9
E A R N I N G S . — 4 m o s . , / 1 9 1 7 . . ...................G r o s s , $ 1 6 7 ,2 7 4 :
5 8 .1i2 3
ill!
|Jr1.• O
-------- vorj, G r o s s . 1 9 8 ,9 4t1li; n e t , i;".
Ja
n .• 1L tID
o fAip
3U
0»
.
1( 11.1
9 11U
6 _____________
P r e s ., E d w . B u c k le y , M a n is t e e , M i c h .— ( V . 1 0 2 , p . 1 4 3 6 ; V . 1 0 4 , p .1 4 8 9 .)




2 7 4 ,0 0 0
6 0 ,0 0 0 ,0 0 0
4 0 ,6 8 4 ,0 0 0
4 ,5 2 3 , 0 0 0
1 0 ,5 7 5 .0 0 0
S oo toxt
P le d g o d
1 , 100,000 U p
1 . 212 ,0 0 0
5 0 0 ,0 0 0

500

s u r .$ 3 0 ,9 1 3
d e f . 5 .7 0 6

%

1 . 000,000

1,0 0 0
1,000

R E P O R T .— F o r y e a r e n d in g D e c . 31 191 6— se e V . 1 04 , p . 1 4 8 9 .

1 9 1 6 .........................$ 5 1 7 ,3 0 9
1 9 1 5 _____________ 4 6 9 .7 9 7

1 7 5 ,0 0 0

3 0 0 ,0 0 0
4 .5 0 0 , 0 0 0

1,0 0 0
1,0 0 0
1,0 0 0

M A N IS T E E & N O R T H E A S T E R N R R — O w n s fr o m M a n is te e , M ic h ., t o
T r a v e r s e C i t y , 71 m . ; S o l o n t o P r o v e m o n t , 1 5 m . ; P l a t t e R i v e r t o E m p i r e ,
J e t . , 17 m . ; o t h e r , 8 0 m . ; s id in g s a n d s p u r s , 5 3 m . ; l e a s e d , 1 m . ; o p e r a t e d
u n d e r c o n t r a c t , 6 m .; t o t a l , 2 4 3 m ile s .
S t o c k , $ 2 , 0 0 0 ,0 0 0 .
O f t h e b o n d s ( $ 1 , 5 0 0 , 0 0 0 ) , $ 4 0 ,0 0 0 m a t u r e J a n . 1 y e a r l y f r o m 1 9 1 2 t o
1938.
S in k in g f u n d o f 5 0 % o f s u r p lu s I n c o m e , b e g i n n i n g J u l y 1 1 9 1 0 , Is
t o b e u s e d t o c a ll b o n d s b v l o t a t 1 0 2 )4 a n d I n t e r e s t u n t il $ 1 , 0 0 0 , 0 0 0 h a v e
b e e n c a n c e le d . V . 88, p . 3 7 5 , 8 2 3 ; V . 9 0 , p . 1363.

2
4M
5
4
4
4
6
4 & 4 )4
5
4
4 )4
4

122 ,0 0 0

Scc

R E P O R T . — R e p o r t f o r c a l . y e a r 1 9 1 4 , In V . 1 0 1 , p . 8 4 2 . s h o w e d : G r o s s .
$ 2 , 4 9 6 , 3 6 7 ; n o t , a f t e r t a x e s , $ 1 , 0 1 1 , 4 3 0 ; o t h e r i n c o m e , $ 1 5 7 ,1 8 8 ; c h a r g e s .
$ 1 , 2 2 7 , 0 6 1 ; b a l . . d e f . , $ 5 8 ,4 4 4 .
E u g o n e E . R e e d is P r e s i d e n t a n d L . F . G o o d a l e S e c r e t a r y , b o t h o f M a n i l a ;
N . Y . r e p r e s e n t a t iv e , O . A . D o W i t t , c o u n s e l, 4 5 N a s s a u S t.
O ffic e , 45
N a s s a u S t . — ( V . 1 0 4 , p . 3 6 2 . 5 5 9 , 1 8 0 1 .)

$ 4 ,3 9 2 ,5 3 8
2 ,1 1 9 ,0 0 0

200,000

10 0
1,0 0 0
100
1,0 0 0 & c
1 ,0 0 0

Rate

1 7 5 ,0 0 0
8 0 0 ,0 0 0
8 0 0 .0 0 0
3 5 0 ,0 0 0
1 ,0 4 3 ,0 0 0

100
1.0 0 0
100
1,0 0 0
’S 7 -’89
...
1 9 1 1 1,0 0 0 & c
22

Amount
Outstanding

122 ,0 0 0

1897

c h a s e p r i c e t o p a y m e n t o f l o a n s o f M a n i l a R y . ( t h o E n g li s h c o . ) , c a n c e l in g
t h e A & B d e b . s t o c k p le d g e d t h o r e fo r a n d s o r e d u c i n g t h e n o m i n a l is s u e s
o f Its d o b . s t o c k ( a n d b o n d s ) t o t h o a m o u n t s h e r e t o f o r e s o l d , v i z . , £ 2 , 000,000
C la s s A 4 % a n d £ 1 , 8 8 0 , 0 0 0 C la s s B , t h e I n t e r e s t r a t e o n t h e l a t t e r t o b o r e ­
d u c e d fro m 4 % t o 3 ) 4 % .
T h e A a n d B is s u e s w ill t h e n b o f ir s t a n d s e c o n d
c h a r g e e , r e s p e c t i v e l y , o n t h e $ 1 3 ,2 3 6 ,0 0 0 n e w 1 s t M . 5 % 4 0 - y o a r b o n d s o f
t h e A m e r ic a n c o . a n d o n a b o u t $ 2 ,0 0 0 ,0 0 0 S o u th e rn L in o s 1st M . 4 s .
See
a ls o V . 102, p . 2 1 6 6 ; V . 1 0 3 , p . 145 , 4 9 3 , 103 2; V . 1 0 3 , p . 18 8 8 .

Cal. Year—

[Vol. 104

RAILWAY STOCKS AND BONDS

80

&
A
*
A
A
&
A
A

J u ly
Feb
Jan
Apr
M ch
Apr

Oct

M ay
June
Aug
Apr
J u ly
J u ly
Jan

1 1922
1 1955
1 1931
1 1932
1 1951
1 1951
1 1923
1 1936
1 1955
1 1917, 3 %
1 1937
1 1921
1 1943
1 1928

D e tr o it
N Y A G ra n d R a p id s
N e w Y o r k a n d C h ic a g o
B a n k o r M a r io n ( V a .) .
T r e a s u r e r ’ s O f f i c e . P h lla
See te x t
S ee T ie . A T r .C o . Y o r k .P a
B r o w n -B r o s . N Y A B a lt
1 9 1 4 t o J u n e ’ 17 n o n o p d
A le x B r o w n A S o n s , B a lt
do
do
J P M org a n A C o. N Y
S a fe D e p A T r C o , B o s t
A le r c a n t lle T r C o , S a n F r
M e rch N a t B k , M e a d v .P a
M i s s V a il T r C o , S t L
M e r c T r C o . L i t t le R k . A r

K J S r U K T . — f o r y o a r e n d in g u r e . o i
s s iu m ,
8 0 2 ; I n t ., t a x e s , & c . . $ 1 1 5 ,0 8 2 ; b a l . . s u r .. $ 5 0 ,1 4 9 .
In 1 9 1 5 , g r o s s , $ 4 8 0 ,­
084.
P r e s . . O . H . N a n c e . — ( V . 1 0 0 , p . 3 9 7 : V . 1 0 1 , p . 1 0 9 2 . 1 9 7 3 .)
,
M A S O N C I T Y & F O R T D O D Q E R R . — (S ee Map Chicago Great West.)—
O w n s r o a d f r o m O o lw e in , l a . , t o C o u n c i l B l u f f s , 2 5 9 m ile s ; I l a y f i o l d , M i n n . ,
t o C l a r i o n , l a . , 1 0 0 m . ; b r a n c h e s t o L e h ig h a n d C o a l v i l l e , l a . , 19 m . ; t r a c k ­
a g e , C o u n c il B lu ffs t o S o . O m a h a , 8 m .; t o t a l, 3 8 6 m . T h o C h ic a g o G r e a t
W e s t e r n o w n e d D e c . 3 1 1 9 1 6 e n t lr o o u t s t a n d i n g c o m . s t o c k ( $ 1 9 , 2 0 5 , ­
7 5 2 o f t h e $ 1 4 ,0 0 0 ,0 0 0 a u t h . ) , a n d o p e r a t e s t h e r o a d a s p a r t o f Its m a in lin e
t o O m a h a u n d e r a 1 0 0 -y e a r a g r e e m e n t d a t e d A p r . 3 0 1 9 0 1 , a n d m o d lQ e d
J u n e 1 9 0 4 , M . C . & F t . D . r e c e i v i n g 6 0 % o f e a r n s , o n b u s in e s s I n t e r c h a n g e d .
T h e a c c o u n t s s h o w e d a d e fic it J u n e 3 0 1 9 1 6 .
See V . 9 5 , p . 1274.
I n 1906
$ 1 2 ,0 0 0 ,0 0 0 4 % b o n d s w e r e s o l d .
C o m p a re C h ic . G re a t w e ste rn R y . a n d
V . 7 3 . P . 566 . 6 1 6 , 722 ; V . 7 7 . p . 640: V . 7 8 . p . 1782; V . 8 0 . P .2 0 2 1
E a r n s . I n c l. in t h o s e o f O . G . W . s y s t e m . — ( V . 9 5 . P .1 2 7 4 ; V . 9 9 , p . 1 4 5 1 .)
M A S S A W I P P I V A L L E Y R Y . — P r o v i n c e L i n e t o L e n o x v i l l e , Q u e ., 3 4
m ile s , w it h b r a n c h , 3 m ; t r a c k a g e t o S h e r b r o o k e . Q u e . 3 m . ; t o t t S . 4 0 m .
L e a s e d f o r 9 9 9 y e a r s f r o m J u l y 1 1 8 7 0 t o t h e C o n n e c t i c u t & P a s s u m p s io
R iv e r s R R .
S t o c k . $ 8 0 0 ,0 0 0 ; p a r o f s h a r e s . $ 1 0 0 ; d i v i d e n d s p a y a b l e l e b .
a n d A u g . 1.
D iv i d e n d s , f o r m o r l y 5 % , 6 % s in c e J a n . 1 9 7 .
O f th e stock ,
$ 4 0 0 ,0 0 0 o w n e d b y t h e C o n n . & P a s s . R i v e r Is d e p o s i t e d u n d e r it s m t g e . a n d
$ 5 0 ,0 0 0 r e p r e s e n t e d b y C o n n e c t i c u t T r u s t & S a f e D e p o s it C o . o f H a r t f o r d
5 % t r u s t c e r t i f ic a t e s w a s p u r c h a s e d F e b . 1 1 9 1 0 u n d e r Its o p t i o n a t p a r .
I n A p r i l 1 9 1 1 B o s . & M a in e r e c ’ d a u t h o r i t y t o p u r c h . s t k .
V . 92, p . 1108.
M c C L O U D R I V E R R R . — O w n s f r o m S i s s o n . C a l. , t o M c G a v I c , 5 0 . 6 m ile s .
S t o c k , $ 1 ,2 0 0 ,0 0 0 .
B o n d s ( $ 1 , 2 0 0 , 0 0 0 a u t h . ) . M e r c a n t ile T n i s t C o . . S a n
F ra n cis c o , m tg o . tru ste e .
V . 85, p . 1005.
F o r y o a r o n d ln g J u n e 3 0 1 9 1 6 .
g r o s s . $ 3 1 9 ,7 4 6 ; n e t , $ 5 9 ,5 1 2 : 1 9 1 4 -1 5 , g r o s s . $ 2 9 5 ,2 2 9 ; n o t , $ 3 9 ,7 0 1 ;
o t h e r I n c o m e , $ 6 ,8 3 4 ; l n t . , & c . . $ 6 8 ,8 8 1 : b a l . , d e f . , $ 2 2 ,3 4 6 .
P r o s .. J . I I .
M c Q u e a l , S a n F r a n c i s c o . — ( V . 8 5 . p . 1 0 0 5 .)
MEADVILLE CONNEAUT LAKE & LINESVILLE.— M e a d v i l l e t o L i n e s
v l ll e . P a . . 2 0 . 5 m ile s , a n d b r a n c h e s , 1 m ile ; t o t a l , 2 1 .5 m ile s ,
le a s e d
t o J u l y 1 1 9 9 0 t o P i t t s b u r g h B e s s e m e r Sc L a k e E r ie R R ^ r e n t a l . 2 5 % o f
g r o s s e a r n in g s .
S t o c k . $ 2 0 0 ,0 0 0 ; p a r , 5 5 0 . . R ^ ^ e n d ln l O l S t o A p r i g W ,
4 % ( 2 % A . S c O . ) . F o r y e a r e n d i n g J u n e 3 0 1 9 1 6 , g r o s s , $ 2 8 ,0 9 1 , n e t , $ 2 7 .7 6 5 ,
b o n d i n t . , $ 1 0 ,0 0 0 ; d l v s . ( 4 % ) . $ 3 , 0 0 0 ; b a l . , s « r . , $8,795.
Y e a r ra id in g
D e c . 3 1 1 9 1 6 , g r o s s , $ 3 2 ,4 7 0 ; n o t , $ 3 1 ,1 8 3 ; b o n d l n t . , $ 1 0 ,0 0 0 ; d l v . ( 4 % ) .
$ 8 , 0 0 0 ; b a l . , s u r ., $ 1 3 ,1 8 3 . — ( V . 9 6 , p . 7 0 9 .)
M E M P H I S D A L L A S & G U L F R R . — O w n s from A s h d o w n t o H o t
S p r i n g s , A r k . , 1 1 4 m ile s ; A s h d o w n t o T e x a r k a n a , 2 0 m .; G r a y s o n i a t o
L e a r d , 6 m . ; D a le v i l le t o D a la r k . 11 m . ; t o t a l . 151 m ile s .
E x te n s io n s p r o ­
p o s e d n o r t h t o M e m p h i s , T e n n . , 2 5 5 m ile s , a n d s o u t h t o D a ll a s , T o x ^ 1 8 6 m .
S t o c k a u t h o r i z e d , $ 3 ,6 0 0 ,0 0 0 ; p a r , $ 1 0 0 ; o u t s t a n d i n g S l . 0 2 7 , 0 0 .
Of
t h e 1 s t a n d r e f. 3 0 - y e a r g o l d 6 s ( $ 3 , 6 0 0 , 0 0 0 a u t h . I .p u e ), $ 1 , 0 1 5 , 0 0 0 w e r e
I s s u a b le a t o n c e , $ 4 2 0 ,0 0 0 a r e r e s e r v e d t o r e t ir e t h e $ 4 2 0 ,0 0 0 M e m p h i s
P a r i s S t G u l f 6 s , w h ic h a r o g u a r a n t e e d p r i n c ip a l a n d i n t e r e s t b y N a s h ­
v i ll e ( A r k . ) L u m b e r C o . , a n d $ 2 ,1 6 5 ,0 0 0 f o r r o a d a c q u i r e d o r c o n s t r u c t e d
a t $ 1 8 ,0 0 0 p e r m ile In 5 - m lle s e c t io n s ; t h e y a r e r e d e e m a b l e a t 101 a n d l n t .
t o J a n . 1 1 9 1 8 a t 103 a n d in t . t h e r e a fte r ; o u t s t a n d in g J u n o 3 0 1 9 1 5 , $ 5 5 8 .­
000.
V . 96, p. 237. 887.
C a r t r u s t s M a y 3 1 1 9 1 4 . $ 1 5 ,6 6 9 : lo a n s a n d b ills
p a y a b l o , $ 7 7 2 ,7 9 2 .
I n S e p t . 1 9 1 6 m o r t g a g e t r u s t e o a p p li e d f o r a r e c o iv o r .
F o r y o a r e n d i n g J u n o 3 0 1 9 1 6 , g r o s s , $ 3 3 6 .8 6 o : n o t , $ 5 8 ,8 1 4 , 1 9 1 4 -1 5 ,
g r o s s , $ 2 7 0 ,4 3 9 : n e t , $ 4 2 ,9 0 9 ; I n t o r o s t , & o . $ 4 5 5 7 1 ; b a L , d o f . , $ 2 , 6 6 2 .
P r e s ., W . W . B r o w n , C a m d e n , A r k .; V .- P . & G o n . M g r ., O . O . H e n d e r ­
son - V .- P .. A . O . R a m s e y ; S e c .. J . W . B is h o p ; T r e a s .. W . II. T o la n d .
— ( V . 9 7 . p . 8 8 7 .)
M E M P H I S U N I O N S T A T I O N C O .— O w n s u n i o n p a s s e n g e r s t a t io n a t
M e m p h i s , T e n n . , u s e d b y L o u l s v . tc N a s h v . , N a s h v . C h a t t . oo S t . L o u t s ;
S o u t h e r n I t y . , S t . L . I r o n M t n . Sc S o . a n d S t . L o u i s S o u t h w . , u s e d s i n c e
A p ril 1 19 1 2 .
In te re st c h a rg e s a n d e x p e n se s a re a p p o r tio n e d a m o n g th e
lin e s o n t h o u s e r b a s is .
S t o c k . $ 1 0 0 ,0 0 0 , o w n e d e q u a l l y b y f i v e r o a d s
nam ed.
In N o v . 1909 m a d e a m tg e . to th e B a n k ers T ru s t C o . o f N . Y . .
a s t r u s t e e , t o s e c u r e a n Issu e o f $ 3 , 0 0 0 , 0 0 0 5 % g o l d b o n d s , g u a r . J o in t ly
b y fiv e roa d s n a m ed .
V . 9 7 . p . 1025; V . 9 3 , p .1 3 2 4 ; V . 8 9 . p . 1 4 1 1 . 1542;
yf. 9 0 . p . 2 3 6 : V . 9 1 . p . 9 4 .— ( V . 9 7 . p . 1 0 2 £ )
M E R I D I A N & M E M P H I S R R . — M e r i d i a n , M i s s . , t o U n i o n . 3 3 m il e s ,
c o m p le t e d D e c e m b e r 1 9 1 3 .
H a s la r g o t e r m in a ls a t M e r i d i a n ( u s e d b y
N . O . M o b . Sc C h . )
S t o c k a u t h . , $ 5 0 0 ,0 0 0 , a n d b o n d s , $ 6 7 5 ,0 0 0 ( c l o s o d M . )
3 0 - y o a r 5 s a r o o w n e d b y t h e c o m p a n y t h a t f i n a n c e d t h o o n t o r p r ls o a n d a r e
p l e d g e d t o s e c u r e t h e n o t e s s h o w n In t a b l e a b o v e , s a id n o t e s h a v i n g b e e n
i s s u e d b y a v o l u n t a r y t r u s t in 1 9 1 6 , s e e o f f e r i n g .
V . 103, p . 1118.
In
D e c . 191 6 t h o M e r id ia n & T o m b ig b e o R iv e ? R y . w a s I n c o r p o r a t e d a s s u c ­
c e s s o r o f t h e M e r id ia n & D e e p w a t e r R y . , p a r t ly b u ilt , fr o m M e r id ia n w e s t
t o T o m b i g b e e R i v e r , 4 7 m il e s , o f w h i c h 2 7 m il e s , f r o m M o r i d j a n t o a p o i n t
o n t h e A l a . T o n n . & N o r t h e r n R R . , is o x p o c t e d t o b e c o m p l e t e d d u r i n g 1 9 1 7 .
Earnings.— F o r y e a r e n d i n g J u n o 3 0 1 9 1 6 : G r o s s e a r n in g s w e r e $ 1 3 2 ,5 1 2
a n d n e t e a r n in g s $ 6 3 ,1 6 5 ; f o r c a l o n d a r y e a r 1 9 1 6 e s t im a t e d $ 1 5 5 ,0 0 0 a n d
5 7 P r e s ? ,’ J ^ r 0.0 S c h l e y ; S e c . , E . B . M c R a v e n ; T r e a s . , O . W . S c h a m b e r .
O f f i c e , M e r i d i a n , M i s s . — ( V . 1 0 3 , p . 1 1 1 8 .)
M E R I D I A N T E R M I N A L C O — O w n s p a s s e n g e r s t a t io n s a t M e r id i a n .
M is s ., o p e n e d S e p t . 1 1 9 0 6 , a n d u s e d b y S o u t h e r n R y . . M o b i le & O h i o , N e w
O r le a n s & N o r t h e a s t e r n R R . . A l a . & V i c k s b u r g a n il A l a . G r e a t S o u t h e r n ,
w h ic h o w n o n e - f i f t h e a c h o f t h e c a p i t a l s t o c k ( $ 1 0 0 ,0 0 0 ) a n d g u a r a n t e e t h e
b o n d s J o in t ly a n d s e v e r a l ly b y e n d o r s e m e n t ; f o r m . V . 8 5 . p . 6 0 1 .
F r e s ..
R . V . T a y l o r ; S e c . , G . A . C o o k e . — ( V . 8 5 , p . 6 0 1 , 1 4 0 2 .)
M E X IC A N N O R T H E R N R Y .— O w n s fr o m E s c a lo u , M e x ic o , o n th e M e x i­
c a n C e n t r a l R y . . t o S ie r r a M o j a d a , 8 3 m ile s , a ll s t o o l.
See V . 6 4 , p . 6 1 9 .
B o n d s , s e e V . 8 8 . p . 1 4 3 7 . 1 5 0 0 ; V . 8 9 . p . 10 4 : V 9 1 p . 1 0 2 6 .
D I V S . — f ’ 9 3 . ’ 9 4 . ’ 9 5 - ’ 9 9 . '0 0 . ’ 0 1 . ’ 0 2 . ’ 0 3 . ’ 0 4 - ’ 0 8 . '0 9 . ’ 1 0 - ’ 1 2 . 1 9 1 3 .
P er c e n t
(6 X
6 4 y ’ly .
5
4 ) 4 2 ) 4 1 ) 4 N o n e . 13
4 y r ly
1 )4 ,0
— ( V . 9 1 . p . 1 0 2 6 ; V . 9 6 . p . 1 6 3 5 : V . 1 0 3 . p . 7 5 9 .)
M E X I C A N R Y . . L T D . — C i t y o f M e x i c o t o V e r a C r u z , 2 6 4 m ile s ; P u e b la
b r a n c h , A p l z a c o t o P u e b la . 2 9 m .: P a c h u c a b r a n c h , O m c t u s o o t o P a o h u c a ,
2 9 m . ; Z a c a t l a n b r a n c h (n a r r o w g a u g e ) . 3 3 m .; H u a t u s c o b r a n c h ( n a r r o w
g a u g e ) . 2 0 m . ; H u a j u a p a n b r a n c h n a r r o w g a u g e , 2 8 m ile s ; t o t a l J u n e 3 0

J u n e , 1917.1

RAILWAY STOCKS AND BONDS

RAILROAD COM PANIES
lFor abbreviations, &c., see notes on first page]

Miles Date
Road Bonds

M e m p h i s U n i o n S t a t i o n — 1 st M g g u a r - _ B a . x c * r *
1913
M e r i d i a n & M e m p h i s R R — 1 st M $ 8 0 0 ,0 0 0 r e d 1 0 5 . .
1913
C o l l a t t r u s t n o t e s ( o r v o l u n t a r y t r u s t ) c a ll 1 0 1 - C C . c
33 1916
M e r id ia n T e r m in a l— F ir s t jv! 5 2 5 0 ,0 0 0 g g u _ - G x c * & r
1905
3 .2 7
M e x ic a n C e n t r a l— M e x ic a n I n t e r n a t io n a l — S e e N a t io n al H a ll w a y s o
M e x ic a n M in e r a l— 1 s t M 5 5 0 0 ,0 0 0 g r e d 1 1 0 s 1_____ G x
16 1 8 9 9
M e x ic a n N o r t h e r n — S t o c k , $ 3 , 0 0 0 , 0 0 0 __________________
F ir s t m t g e U 8 g o l d r e d 1 0 5 s f e x t In 1 9 0 9 - G . x c * & r
"8 3
1890
M e x ic a n R y L i m it e d — O r d in a r y s h a r e c a p i t a l s t o c k . .
F ir s t p r e f e r e n c e s t o c k 8 % ____________________________
S e c o n d p r e f e r e n c e s t o c k 6 % _________________________
P e r p e t u a l 0 % d e b e n t u r e s t o c k .........................................
403
2 d d e b e n s £ 1 , 0 0 0 , 0 0 0 a u t b r e d p a r s in c e 1 9 1 2 s f
1909
M e x ic a n S o u ’n R y — 1 st M 4 % d e b s t k r e d a t p a r 9 0 y r s
1896
P r i o r lio n b o n d s ___________________________________________
1913
M e x N o W e s t — P r i o r lie n b o n d s £ 2 ,5 0 0 ,0 0 0 r e d 1 0 2 H
1913
1 s t M g o l d r e d t e x t ______________________________________
1909
C o n v I n c o m e b d s £ 1 ,0 0 0 . 0 0 0 6 % c u m r e d p a r s f . c
1912
E q u ip m e n t g o l d b o n d s £ 4 8 0 , 0 0 0 _____________________
M ic h ig a n C e n t r a l— S t o c k ---------------------------------------------------R e f u n d i n g & I m p t M t g e $ 1 0 0 ,0 0 0 ,0 0 0 _______________
1 ,2 0 0 1 9 1 7
Underlying Donas to be Refunded—
F ir s t m o r t g a g e $ 1 8 ,0 0 0 ,0 0 0 g o l d ____________ G .x c » & r
270 1902
M C M ic h i g a n A i r L in e fir s t m o r t g a g e _____U n .x c & r
115 1890
1 s t M o n D c t & B a y C i t y __________________________ l i n . z c
171 1 8 8 1
do
do
b o n d s w it h o u t c o u p o n s ___ z r
171 1 8 8 1
D e b e n t u r e s g o l d _______________________________G .x c * & r
1909
M C n e w M o n G r R I v V a l $ 4 ,5 0 0 ,0 0 0 , g t e x t .G x c & r
'8 4
1909
M C fir s t m o r t g a g e o n K a l a m a z o o & S H a v e n , x U n .r
39 1889
M ic h C e n t 1 s t M o n J a c k I .a n s & S a g in a w g _ _ x c * & r
37 9 1901
M C 1 st M o n J o l ie t & N o r I n d i a n a $ 3 , 0 0 0 , 0 0 0 g . x
45 1907
E q u ip . T r . $ 4 , 5 0 0 ,0 0 0 ($ 3 0 0 ,0 0 0 d u e s - a ) g u a r , g y c *
1915
do
$ 9 ,0 0 0 , 0 0 0 d u o l - 1 5 t h y e a r l y ________________
1917
B a y C it y & B a t t l e C r 1 st M g g u p & 1 e n d . M p . z c *
1889
B a t t l e C r & S t u r g is 1 s t M g g u a r p & 1 e n d . M p . z c *
1889
T o l C a n S o & D e t l s t M $ 4 ,5 0 0 ,0 0 0 g g u ( e n d l G . x c '& r .
1906
D e tr o it R iv T u n n e l C o
See th a t c o m p a n y
a E x c l u s i v e o f $ 3 1 ,0 0 0 h e ld b y s in k in g f u n d ,
b $2
c O f w h ic h $ 1 6 ,8 1 9 ,3 0 0 h o ld b y N Y C e n t r a l H U C o .

Par
Value

Amount
Outstanding

ll.O O O & c
1 .0 0 0

$ 2 ,6 0 0 , 0 0 0
See tex t
2 6 0 ,0 0 0
2 5 0 ,0 0 0

1,000
1,000 & c

t M e x ico

100
1 ,0 0 0
£10
£10
£10
£10
£100
£100
£100

£20 &o
$100

1 8 ,0 0 0 ,0 0 0
2 , 6 0 0 ,0 0 0

1 .0 0 0 & C

7 .6 3 4 ,0 0 0
1 .5 0 0 , ,0 0 0
700, 000
1 .7 0 7 , 0 0 0
1 .5 0 0 . 0 0 0
3 , 9 0 0 ,000
8 ,0 0 0 , 0 0 0
49, 000
X 4 2 1 ,0 0 0
3 .1 0 0 , 0 0 0

1,0 0 0 , 4 , 0 0 0 ,0 0 0
1.0 0 0 &c

1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 & c

D 1 V S . (iSOice’ 0 4 .) 1 0 0 5 . 1 9 0 6 .

1 90 7

1 90 8

1909.

1910.

1911

8

8

7 3-16

8

8

191 3
8
6
2H
2H
T h o h o ld e r s o f t h e p e r p e t u a l d e b . s t o c k a n d 4 Vi % 2 d d e b e n t u r e s o n J a n . .
! 9 1 5 v o t e d (a ) t o d e f e r u n t il 1 9 1 7 t h o p a y m e n t o f t h o in t o r o s t d u o in 1 9 1 5
a n d 1 9 1 6 a n d t o i s s u e c e r t i f i c a t e s f o r t h o s a m e b e a r in g 6 % a n d 4 1 4 % i n ­
t e r e s t . r e s p e c t iv e l y ; a n d ( 2 ) t o o m i t t h o s i n k , f u n d f o r 2 d d e b . in 1 9 1 5 a n c

First p r e f------ % ]

5 * 4 7 1-16

...
I Vi 4 1 3 -1 6 3 H I 5 -1 6 4 7 -1 0
6
....................................................................
1 9 -1 0

1912.
8
6

E A R N I N G S . — F o r 6 n j o s . e n d e d D o c . 31 1 9 1 4 , g r o s s ( M e x
cur )
$ 4 ,3 2 2 0 9 5 , a g a i n s t $ 4 , 9 6 8 , 0 3 6 In 1 9 1 3 ; n o t , $ 1 ,4 5 6 .3 9 1 a g a in s t $ 2 ,4 5 4 ,7 7 7
In 1 9 1 3 ; t o t a l n e t r e v e n u o , £ 4 1 ,0 6 6 ; d e b e n t u r e , & c . , i n t . , £ 7 4 ,3 9 0 : d o f l c l t
c h a r g e d t o r e s e r v e , £ 3 3 .3 2 4 .
O ff ic e , F in s b u r y C o u r t . F ln s b u r v P a v e m e n t
L o n d o n , E . C . — (V . 9 9 , p .,1 6 7 3 ; V . 1 0 0 , p . 2 2 9 1 ; V . 1 0 4 , p . i4 8 9 .)
M E X I C A N SOUTHERN R Y., L T D . — P U e b la t o O a x a o a , M e x . , 2 2 8 m ile s
all n a r r o w -g a u g e ; b r a n c h , 31 m . , T e liu a c a n t o E s p e r a n z n ; O a x a o a t o Sari
P a b l o , 16 m .; O a x a c a t o T l a o o l u l a , 2 0 m .. o p e n e d J a n . 1 9 1 2 ; o t h e r 7 tn
t o t a l , 3 0 2 m ile s ; s id in g s , 19 m ile s .
T e l i u a c a n tr a m lin e s . 5 rn
sta n d a rd
g a u g e , a n d O a x a c a t r a m lin o s , 7 i n . , n a r r o w g a u g o . O r d . s t o c k £1 0 0 0 0 0 0
T h e r o a d p a s s e s J u n e 8 1 9 9 0 t o t h e S t a t e w it h o u t p a y m e n t e x c e n ’t fo r
s t a t io n s , r o llin g s t o c k , & c .
V . 79. p. 2642.
L e a s e d f r o m J a n ’ 1 1 9 1 0 to
I n t e r o c e a n lc R y . o f M o x t c o .
S ee th a t c o m p a n y .
T h e r e n t a l d u e Tunp 'tn
J u ly 2 8 a n d D e c . 31 1 9 1 4 a n d J a n . 2 8 a n d A p r i l 2 7 1 9 1 5 a r e t o h e sa tisfie d ’
b y 5 % d e b . c e r t i f ic a t e s r e d e e m a b le f r o m e a r n in g s .
A s n o r e n t a ls h a v e b e e n
r e c e iv e d f r o m I n t e r o c e a n lc R y . f o r p e r io d s u b s e q u e n t t o J u n o 3 0 1 9 1 4 an
e x t e n s io n o f t h o m o r a t o r i u m f o r 2 y e a r s t o M a y 2 9 1 9 1 7 w a s atrrned’ tn
V . 10 1 , p . 130; V . 9 9 , p . 4 8 . 6 7 4 .
M agroea to .
I n t . o n 2 d d o b s , ( n o w 1 st) p a y a b le o n l y o u t o f p r o f it s o n F e b . 1 & A u g . 1
O F F I C E R S . — C h a ir m a n , S ir E r n e s t P a g e t ; S e c , T h o s L i n t o n fit n .. w
B r o a d S t . . L o n d o n . E . O . — - ( V . 8 0 . p . 2 2 2 : V . 1 0 1 . p . 1 3 0 .)
M E X I C O N O R T H W E S T E R N R Y — O w n s a n d c o n t r o l s 5 4 0 M m ile s
C iu d a d J u a r e z t o T a b a l a o p a
L a J u n ta to M In a oa __
'
n 14
( C h i h u a h u a ) .................................4 7 5 .7 8 [ C u m b r e t o C h u lch u p a "(b u "lfd 'ln e 4 .ifi’n 2
S a n A n t o n i o t o C u s lh u lr la o h lo . 1 3 .0 5 1
n a t u u u u i n g j.i p .u *
O w n s o v e r 3 , 0 0 0 ,0 0 0 a c r e s o f t im b e r la n d s , w it h 2 m ills a t M a d e r a w ith .
c a p a c i t y o f 1 7 6 ,0 0 0 ,0 0 0 f t . p e r y e a r , a n d 2 m ills a t P e a r s o n w it h a c a n i c l t v
o f 2 5 0 ,0 0 0 .0 0 0 f t . p e r y e a r .
C o n t r o l s f in i s h i n g , & c . , p la n t a t E l P a s o T n /
c a p a c i t y 1 0 0 ,0 0 0 ,0 0 0 f t . p e r y e a r .
S ee V . 88. p . 749: V . 8 9 . d 3 4 8 47n’
V . 9 4 . p . 1627: V . 9 6 . p . 287 .
P<
470
S t o c k . $ 4 0 ,0 0 0 ,0 0 0 (p a r $ 1 0 0 ; . o f w h ic h $ 2 5 ,0 0 0 ,0 0 0 I s s u e d .
B O N D S . — P r e s e n t lim it 1st M . 5 s , £ 8 ,4 5 9 ,7 0 0 ; I s s u e d , £ 5 ,6 0 0 0 0 0 - m a v
b e I n c r e a s e d f o r e x t e n s io n s , t e r m in a ls , d o u b le - t r a c k in g a n d o t h e r s n o c ia i
p u rp oses; N a t. T ru st C o . o f T o r o n t o , tru stee.
B o n d s a r e r e d e e m a b l e at
p a r M a r . 1 1 9 5 9 b y a n n u a l p a y m e n t s , c o m m e n c i n g In 1 9 1 9 .
V . 88 n 7 4 0 •
V . 9 3 , p . 2 8 , 1 32 4, 1463; V . 9 5 , p . 176.
V. 97, p . 521, 595.
1
’
, A s t o 6 % c u m u l a t iv e c o n v e r t ib le i n c o m e b o n d s , s e e V . 9 4 , p . 15 2 7
T h e Issue o f 1 5 -y e a r p r io r -lie n 6 % b o n d s is lim it e d t o £ 2 ,5 0 0 ,0 0 0 , s e c u r e d
b y a p r io r lio n o n t h o o n t ir o p r o p o r t y .
R o d . a t 1 0 2 H a n y t im e o n 6 m o n t h s ’
n o tico .
T ru stoo, N a t. T ru st C o ., T o r o n to , L td .
V . 9 6 , p . 2 8 5 , 1229
T h o p a y m e n t o f c o u p o n s w a s d e f o r r e d , o w in g t o f in a n c ia l c o t u lit io n s * ’ in
E u rop o an d M e x ic o .
V . 99, p . 674.
R E P O R T . — R e p o r t fo r c a le n d a r y e a r 191 1 In V . 9 5 , p . 4 7 8 , s h o w e d
G ro s s I n c o m e (A m e r ic a n c u r r e n c y ) , $ 9 6 1 ,4 6 8 ; n o t I n c o m e , $ 4 6 0 ,5 8 1 : o t h o i
I n c ., $ 2 5 3 ,2 3 1 ; b o n d I n t .. $ 8 4 0 ,1 6 2 ; g e n . e x p . . $ 1 8 9 ,4 3 8 : b a L . d e f . , $ 3 2 4 ,7 8 8 .
O F F I C E R S . — P r e s ., R . H o m e S m it h . T o r o n t o ; V - P s . , H . I . M il l e r
N . Y . ; M il l e r L a s h , T o r o n t o , C a n .; T r e a s . , U . d o B . D a l y , T o r o n t o - S e c ’
A . M . Trueb, N . Y .
O f f i c e , 115 B r o a d w a y , N . Y . — ( V . 1 0 3 , p . 9 3 8 ’. )
’’
M I C H I G A N C E N T R A L R R . — (Bee Maps New
York central Lines)
— L IN E
OK
ROAD
-Main lint; — Kensington
D “ ttO *C 2 7 2 m iles’ .
a n d W in d s otr
r t o S u s p e n s io n B r id g e ( C a n a d a S o u t h e r n ) , 3 8 1 m .;
B ra n ch es
o- w n o- d a n d- lo a s e d , 1 ,1 0 8 m .; t r a c k a g o (111. C e n t . ) i n t o C h i c a g o u n d e r p e r ­
p e t u a l lo a s o , 14 m .; o t h e r t r a c k a g o , 86 m .; t o t a l J a n . 1 1 9 1 7 , 1 ,8 6 2 m ilo s
w it h 6 6 3 m . o f 2 d t r a c k a n d 1 ,5 6 9 m . o f s id o t r a c k s .
C h lc u g o K a la m a z o o & S a g in a w I t y ., P a v ilio n t o W o o d b u r y , M ic h .. 55 rn
a n d E a s t J o r d a n B r a n c h , F r e d o r lc t o E a s t J o r d a n , 4 3 m , a r e c o n t r o ll e d
b u t o p o r a t o d I n d e p e n d e n t ly .
V . 84, p. 50.
S h a r e h o ld e r s v o t e d J u n o 8
1 9 1 6 t o p u r c h a s o t h e s o a n ti 15 o t h o r s u b s id ia r ie s , in c lu d in g a ll t h o s e m e n ­
t io n e d In t a b l e a b o v o o x c o p t D e t r o i t R i v e r T u n n e l C o .
V . 1 0 2 , p. 2 2 5 4 .
T h ir d - r a il e lo c t r lc D e t r o i t R iv e r T u n n e l , 2 .4 2 m . l o n g . Is le a s e d f o r y y q v r s
S ee b e lo w ,
v . 9 0 , p . 710; V . 9 1 , p . 276; V . 9 2 , p . 1499; V . 9 8 . p . 236 .
C O N T R O L . — T h e N . Y . C e n t . & H u d . R i v e r R R . C o . In A p r il 1 8 9 8 g a v e
$ 1 1 5 In Its 3 Vi % 1 0 0 -y e a r g o l d b o n d s fo r $ 1 0 0 s t o c k , a n d s o h o ld s $ 1 6 ,8 1 9 8 0 0 o f t h e $ 1 8 ,7 3 8 ,0 0 0 s t o c k Is s u e d .
S e e t h a t c o m p a n y ’ s s t a t e m e n t (a ls o
V . 9 3 , p . 1 7 8 7 ; V . 9 6 , p . 1 4 2 4 , f o r p r o p o s i t io n lo o k in g t o u l t im a t e m e r g e r
D I V I D E N D S .— f ’9 1 . ’9 2 -’9 4 .
S in c e 1 8 9 0
\ 5 5 M y ’ ly .
I n 1 9 1 5 p a id 1 % J a n . 2 9 , 2 %
Ja n an d J u ly 2 9 . 2 % ; 1917. J a n
in g d i v i d e n d s , s e e V . 1 0 1 , p . 4 8 ,

’ 9 5 - ’ 0 5 . ’0 6 . ’0 7 . ’ 0 8 . 0 9 - ’ 1 4 . ’ 1 5 . l o t a
4 y ’ ly .
5
6
8 6 y ’ ly
4
4
J u l y 2 9 . 1 % s p e c ia l D o c . 2 8 .
I n 19 10
a n d J u ly , 2 % . A s t o m e th o d o f r e p o r t­

B O N D S — T h o $ 1 0 0 ,0 0 0 ,0 0 0 R e f u n d in g & I m p r o v e m e n t m o r t g a g e o f
1 9 1 6 , Is t o c o v e r a b o u t 1,20 0 m ile s o f d i r e c t l y o w n e d r o a d , a l s o l e a s e h o ld s
& c.
T h o n o w b o n d s w il l b o Issu ed In s e r ie s , a ll e q u a l l y s e c u r e d , a n d a b o u t
$ 4 0 ,0 0 0 ,0 0 0 t h e r e o f w ill b o r e s e r v o d t o p r o v i d e f o r r e fu n d i n g t h o u n d e r ­
l y in g b o n d s s h o w n In t a b l e a b o v e , a f t o r $ 1 0 ,0 0 0 ,0 0 0 o f t h o n o w b o n d s h a v e
b o o n Issu ed f o r o t h o r t h a n r e fu n d in g p u r p o s e s , b o n d s t h e r e a f t e r p u t o u t
u n d e r t h o m o r t g a g e f o r a d d it i o n s a n d I m p r o v e m e n t s m u s t n o t e x c e e d 7 0 %
o f th e c o s t o f su ch o u tla y s .
T h o d e b e n t u r e s o f 1 9 0 9 w il l b e s e c u r e d b y t h e
n o w m o r t g a g e o n a p a r i t y w it h t h e b o n d s I ssu e d t h e r e u n d e r .
V . 1 0 4 , p. 1 6 0 0
Battle Creek & Sturgis b o n d s f o r $ 5 0 0 ,0 0 0 , b u t o f t h is $ 7 9 ,0 0 0 w a s s u b g u a r a n t o e d b y t h o L a k e S h o r o & M ic h i g a n S o u t h e r n (n o w m e r g e d I n t o




5 8

2S

M
J
J
M

&
&
&
&

F

&

J

&

N
J
J
N

Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
N ov
Jan
J u ly
M ay

1
1
1
1

1959
1943
1919
1955

B a n k ers T ru s t C o , N Y
U n B k & T C o .J a c k s ’n .T e n
C h ic a g o a n d N e w Y o r k
G u a ra n ty T ru st C o , N Y

A Aug 11919
M ay 1 T 3 lH %
D D eo 1 1930
N o v 6 ’ 1 3 ,1 H %
N ov 6 ’ 13. 4 %
N o v 6 ’ 13, 3
‘ %
J
&
J P erp etu a l
A
& O D ec 1960
F & A See te x t
1928
1928
M &
S M ch 1 1959
M & S15

&

2%

S e p t 1914 c o u p d e fe rre d
S e p t ’ 13 c o u p d e f e r r e d
1st c o u p M ch 1913
See te x t
G r a n d C e n t T e r m ’ l, N Y

1 1952
1 1940
1 1 93 1
1 193 1
1 1929
1 1959
1 1939
Sept 1 1 9 5 1
J u ly 1 0 1 9 5 7
O c t ’ 1 7 - O c t ’ 31
M a r ’ 1 8 - M a r ’3 3
D eo 1 1989
D eo 1 1989
Jan 1 1956

R eg at G C T ; e p a t G Tr
U n io n T r u s t C o , N Y
do
do
G ra n d C e n tra l T e r m , N Y
do
do
do
do
_
do
do
R eg at G C T ; cp at G Tr
G u a ra n ty T ru st C o, N Y
N e w Y o r k a n d P h ll a
N ow Y ork
U n io n T r u s t C o , N Y
do
do
G ra n d C e n tra l T e r m , N Y

J J u ly 2 8

3H g M &
4
J
&
5
M &
5
Q—
4 g
A
&
M &
M &
&
3 m e M
4 g
J & J
A
&
5 g
4H
3 g
3 g
4 g

i‘

82 B ea ver S treet, N Y
O ffic e , 8 2 B e a v e r S t, N Y
do
do
G ly n .M I lls .C u r r le & C o .L o
do
do
do
do
See te x t
See tex t

T7

M ay
Jan
M ch
M ch
Apr
Sept
N ov

4 ,0 0 0 a d d lt lo n a l In sin k in g f u n d .
x A n a d d it.io n a l $ 7 9 .0 00 Is g u a r b y N Y C e n t r a l R R

1 9 1 4 ,4 0 3 m ile s .
J o i n t ly g u a r a n t e e s d e b e n t u r e s o f V e r a C r u z T o r m l n a l C o .
O n N o v . 18 191 4 t h e m ilit a r y a u t h o r i t ie s t o o k o v e r t h e lin e a n d n o r e t u r n s
w o re r o n d o r o d t o th e c o m p a n y .
In S o p t. 1916 th o C a rra n z a G o v t , su r­
r e n d e r e d p o s s e s s io n , b u t in A p r . 1 9 1 7 a g a in t o o k c h a r g e .
V . 1 0 4 , p . 1 48 9
V . 103, p . 991.

S econd p r c f--% >
C o m m o n ........... % J

When
Payable

%

b 3 2 6 ,0 0 0
6 g
3 ,0 0 0 ,0 0 0
a 7 0 8 ,0 0 0
6 g’
£ 2 ,2 5 4 ,7 2 0
£ 2 .5 5 4 ,1 0 0
£ 1 ,0 1 1 ,9 6 0
£ 2 ,0 0 0 , 0 0 0
6
£ 4 8 0 ,7 0 0
4 «
4
£ 8 6 4 .0 0 0
S ee tex t
6
£ 1 ,6 7 1 .0 0 0
6
£ 5 ,6 0 0 ,0 0 0
5 g
£ 7 5 0 ,0 0 0 U p t o 6
(7)
5
C $ 1 8 7 3 8 0 0 0 Seo te x t
(?)

1 .0 0 0 & c
1.0 0 0 & c

l.O O O & c
1 ,0 0 0

Rate

81

t h o N e w Y o r k C e n t r a l ) . 7 m ile s o f t h e B a t t l e C r e e k & S t u r g is b e i n g o p e r ­
a ted b y th a t c o m p a n y .
T h e $ 1 ,7 0 8 ,0 0 0 3 J ^ s o f 1901 a r e a f ir s t m o r t ?raf?43„ o n 1,10 J a c k s o n L a n s in g & S a g in a w R R . , 3 7 9 m ile s ( V . 7 3 , p . 1 0 6 1 )'
V
1
.0 2 7 '
° f t h e $ 1 8 ,0 0 0 ,0 0 0 3 H s o f 1 9 0 2 . t h e fin a l $ 4 . 0 0 0 . 0 0 0 w a s
s o l d In F e b . 1 9 1 5 .
V . 7 4 . p . 7 2 8 : V 7 6 . p . 102; V S 3 , p . 1 2 2 9 .
F ir s t 4 s .
o n J o lie t. & N o r t h e r n I n d i a n a , s e e V 8 4 . d . 1 3 6 7 . 1 4 2 8 : v . 1 0 0 p. 5 5 6 . 6 4 2 .

Toledo Canada So. & Del. 4 s , V . 1 0 4 , p . 1 6 0 0 ; V . 8 2 . p . 9 3 0 ; V . 8 5 , p . 4 0 6 .
I n A p r il 1 9 0 9 a n Issu e o f $ 2 5 ,0 0 0 ,0 0 0 4 % 2 0 -y e a r d e b e n t u r e s w as a u t n o r I z c d , o f w h ic h $ 7 ,6 3 4 ,0 0 0 s o ld t o o r o v l d e f o r a d v a n c e s t o D e t r o it R iv e r
0 1 th e * 4 . 5 0 0 . 0 0 0 a u t h o r iz e d 4s o n G r a n d R i v e r V a ll e y R R . .
$ 1 ,5 0 0 ,0 0 0 a r c r e s e r v e d fo r d o u b le - t r a c k in g . & c . . a n d $ 1 ,5 0 0 ,0 0 0 f o r fu t u r e
r e q u ir e m e n t s .
V . 88 . p . 9 4 5 . 1 0 0 2 . 1 0 6 1 . 1 2 5 4 : V . 0 0 . p 1 5 5 4 : V . 8 9 .
p . 1 70 ; V . 9 0 , p . 6 2 7 .
S 4 ,0 0 0 ,0 0 0 4 'A% n o t e s d u e M a r c h 1 1 9 1 7 w e r e p a id
a t m a t u r it y .
V . 104, p . 1045.
A s t o g u a ra n te e d b o n d s , seo C a n a d a S o u th e rn a n d D e tr o it R iv e r T u n n e l.
E q u ip m e n t b o n d s o f 1 9 1 5 . s e e V . 1 03 , p . 145; V . 10 2 , p . 1447
T h e M ic h i g a n C e n t r a l R R . E q u ip m e n t T r u s t o f 1 9 1 7 ( V . 1 0 4 . -p. 1 7 9 4 )
p r o v i d e s f o r a n Issu e o f $ 9 , 0 0 0 , 0 0 0 o r 4 , 4 % e q u i p m e n t t r u s t c e r t i f ic a t e s ,
b u t n o t in o x c o s s s o f 8 0 % o f t h o c o s t o f t h e e q u i p m e n t t o b o fu r n is h e d t h e r e u n d o r , p a y a b l e in 1 5 a n n u a l in s t a llm e n t s , t h o fir s t in s t a llm e n t M a r . 1 1 9 1 8 .
o n A i ? v - 15 1 9 1 6 t h o b o a r d a u t h o r i z e d t h o is s u a n c e o f $ 8 , 0 0 0 , 0 0 0 o f t h e s e
c e r t i f ic a t e s o n a c c o u n t o f t h o p u r c h a s e o f 6,000 f r e i g h t c a r s a n d 5 0 p a s s o n gor an d b a g g a g e cars.
t h f o u r o t h e r r o a d s , c o v e n a n t s t o p a y N e w Y o r k C e n t r a l L in es
$ 6 2 ,2 0 0 ,0 0 0 c a r t r u s t s o f 1 9 0 7 , 1 9 1 0 . 1 9 1 2 a n d 1 9 1 3 , t h e c o m p a n y ’s s h a r e o f
e q u i p m e n t t r u s t s o u t s t a n d i n g D e c . 31 19 16 b e in g $ 1 , 5 6 2 , 5 5 3 , $ 3 , 1 5 1 , 6 8 3 :
$ 1 ..)1 < ,1 0 9 a n d $ 2 , 0 9 3 , 8 1 9 . r e s p e c t iv e l y .
V . 8 5 . p . 1402: V . 8 6 . p . 168;
V . 8 8 . p . 761 : V . 9 0 . p . 1677; V . 9 2 . p . 8 07 .
EARNINGS — 4 mos., (1917--------- Gross, $16,072,582; net, $2,750,232
Jan . 1 to A p r. 30.
1 1 9 1 6 -----------G r o s s .
1 4 ,1 6 5 ,6 8 8 ; n o t ,
4 ,0 0 3 ,7 2 8
A N N U A L R E P O R T . — R e p o r t f o r 1 9 1 6 in V . 1 0 4 , p . 1 6 0 0 , 1 7 9 4 .
Year ending Dec. 3 1 —
1916.
1915.
1914.

Railroad rovonuos...............

$46,418,790 $36,540,665 $33,464,968

O p o r a t m g i n c o m o a f t e r t a x e s ___________
O t h o r i n c o m e ----------------------------------------------

1 4 ,0 7 6 ,1 6 9
9 3 6 ,8 9 4

9 ,2 8 5 ,6 0 1
9 2 8 ,4 8 3

G r o s s c o r p o r a t e i n c o m o ................. - - - S 1 5 . 0 1 3 . 0 6 3 $ 1 0 ,2 1 4 ,0 8 4
R o n t a ls l e a s e d l i n o s . ______ ________________$ 3 ,2 5 9 ,9 0 7
$ 3 ,4 4 4 ,6 5 1
I n t o r o s t o n b o n d s , & c _______________
1 ,9 9 3 ,9 4 2
1 ,7 0 6 ,3 9 5
O t h o r r o u t s a n d m is c e l la n e o u s _________
6 4 7 ,4 2 5
5 6 9 ,5 8 1
I l i r o o f o q u i p m o n t . ......................... ..
. .
2 ,2 7 4 ,3 5 2
1 ,5 6 6 ,5 0 1
D e p r e c i a t i o n -------------------------------------------5 0 0 ,0 0 0
A c q u is i t io n s , A d d it i o n s , & c ____________x l , 7 0 0 ,9 8 4
1 1 3 ,1 7 6
D i v i d e n d s .........................................................(4 % ) 7 4 9 ,5 2 0
(5 )9 3 6 ,9 0 0

6 , 6 8 1 ,7 9 6
9 2 6 .3 6 3
$ 7 ,6 0 8 ,1 5 8
$ 3 ,4 0 2 ,1 8 7
1 ,8 2 9 ,0 3 0
5 9 7 ,6 7 3
1 ,3 6 4 ,8 4 9
(4 )7 4 9 ,5 2 0

B a la n p o , s u r p lu s o r d e f i c i t .............. s u r .$ 3 ,8 8 6 , 9 3 2 s r $ l ,8 7 6 ,8 8 1 d e f .$ 3 3 5 ,1 0 0
x I n c lu d e s s t o c k p u r c h a s e d J a c k s . L a n s . & S a g . R R . , $ 1 , 1 5 1 ,1 5 0 ; G r a n d
R i v e r V . R R . , $ 4 0 5 ,3 7 5 ; a d d it i o n s , & c . , $ 1 4 4 ,4 5 9 .
P r o s . , A . I I . S m i t h , N . Y . — V . 1 0 4 , p . 1 0 4 5 , 1 5 8 5 , 1 7 9 4 , 1 8 9 9 .)
M I C H I G A N E A S T & W E S T R Y . — M a n i s t e e t o M a r i o n . M i c h . , 7 2 m .;
F ile r C i t y t o S a n d s , 2 r a .
S u c c e s s o r o f M a n i s t e e & G r a n d R a p id s R R .
V . 9 1 , p . 8 8 7 , 3 6 5 ; V . 9 8 , p . 7 4 . S t o c k , $ 1 ,0 0 0 ,0 0 0 : o u t s t a n d i n g , $ 2 0 0 ,0 0 0 :
par, $100.
N o b o n d s t o 00 Issu ed a t p r e s e n t .
F o r y e a r e n d in g J u n e 30
1 9 1 5 , g r o s s , $ 7 8 ,1 7 0 ; o p . d o f . , $ 1 6 ,1 0 6 . P r e s . , J . S . J o y c e ; T r e a s . , F . P .
L o f f ln g w o l l, b o t h o f C h i c a g o . O f f i c e , M a n i s t e e , M i c h . — ( V . 9 8 . p . 7 4 , 2 3 0 .
A 1 ID D L E T O W N
&
U N IO N V IL L E
R R . — M id d le t o w n , N . Y . . to
U n lo n v ll l o , N . Y . . 1 3 .6 5 m ile s .
H a s a n a g r e e m e n t w it h t h e N . Y . O n t a r io

& W e s t e r n R y . f o r t h o u s e In p e r p e t u i t y b o t h o f t h e t e r m in a l In M i d d l e ­
t o w n a n d o f t h e m ile o f t r a c k u s e d In e n t e r in g t h a t c i t y .
I n c o r p . In N . Y . N o v . 14 1 9 1 3 .
S u cce sso r, p er p la n , V . 9 7 , p . 8 8 7 ,
O e c . 1 1 9 1 3 t o M id d l e t o w n U n lo n v il l e & W a t e r G a p R R . , f o r e c l o s e d O c t . 2 5
1 9 1 3 , w h ic h w a s c o n t r o ll e d b y N . Y . S u s q . & W e s t . R y . , b u t r e o r g a n iz e d
I n d e p e n d e n t ly .
S t o c k , $ 1 5 0 ,0 0 0 , h e ld In o - y e a r v o t i n g t r u s t , w it h a u t h o r ­
i t y in m a j o r i t y o f t r u s t e o s t o s e ll s a m e .
A d ju s t , m o r tg a g e c o u p o n N o . 4 .
f o r 6 m o s . e n d in g O c t . 3 1 1 9 1 6 w a s p a i d M a y 1 1 9 1 7 .
V . 104, p . 1702.
F o r 12 m o s . e n d in g D e c . 31 1 9 1 6 , g r o s s , $ 8 3 ,2 >8 ; n e t , $ 2 7 ,9 0 8 ; I n t . o s
b o n d s , $ 2 1 ,3 2 0 ; r e n t a ls , & c . , $ 4 , 7 6 4 ; b a l . , s u r .. .$ 1 ,8 2 1 . C h a ir m a n , N o w m a n
E r b ; P r o s . , C h a r le s I . H e n r y , 21 S t a t e S t . , N . Y . ; V . - P . & G e n M g r . ,
J . A . S m ith ; T r e a s ., G a r re tt T . T o w n s e n d : S e c ., F ra n k H . F in n .— (V . 0 8 .
p . 3 87 ; V . 101, p . 1371; V . 103, p . 1593; V . 104, p . 1702.
M ID L A N D

C O N T I N E N T A L R R . — ( V . 1 0 2 , p . 6 0 ; V . 1 0 3 , p . 2 3 9 .)

A 1 I D L A N D P E N N S Y L V A N I A R R . — U n d e r c o n s t r u c t i o n f r o m M ll l e r s b u r g . P a . , t o A s h la n d , 4 4 m ile s .
S to c k a u th o riz e d a n d o u t s t a n d in g , $ 2 ,­
0 0 0 .0 0 0 .
B o n d s a u t h o r i z e d , $ 2 ,0 0 0 ,0 0 0 .
A b o u t $ 8 1 2 ,3 0 0 b o n d s is su e d
t o F e b . 1 9 1 6 a c c o u n t c o n s t r u c t i o n 15 m ile s , M U le r s b u r g t o G r a t z c o m p le t e d
in 1 9 1 6 .
I n t . d e fa u lte d J u ly 1912.
P res , W m
J L a t t a ; S e c - T r e a s .,
J o h n II W i ll ia m s , P o t t s v i l l o , P a . — ( V . 9 5 , p . 2 9 8 : V . 9 9 . p . 4 6 7 .)
M I D L A N D R A I L W A Y . — S a v a n n a h , G a . , t o M i d v i l l e , 9 0 m ile s .
V.
105, p . 1118.
F o r m e r ly S a v a n n a h A u g u s t a & N o r t h e r n R y . , s o l d in 1 9 1 0
b y r e c e iv e r f o r $ 2 5 0 ,0 0 0 t o W . J . O liv e r .
V . 101, p . 450 , 1372.
In F e b .
1 9 1 7 w a s g r a n t e d a u t h o r i t y b y t h o G e o r g i a R R . C o m m i s s io n t o is s u e $ 4 2 3 ,­
6 0 0 m o r e s t o c k a n d a ls o t o c r c a t o a 1 s t m t g e . s e c u r in g a n is su e o f $ 1 , 000,000
b on d s.
T n e p r o c o o d s f r o m t h o s a le o f t h e s e b o n d s w ill b o u s e d t o r e fu n d
o u t s t a n d i n g o b l ig a t io n s a n d t o a c q u i r e p r o p e r t ie s , & c .
V . 1 0 4 , p . 7 6 4 ,1 4 8 9 .
Y e a r 1 9 1 0 -1 1 , g r o s s , $ 2 3 ,1 9 2 : n e t , $ 6 , 9 7 9 . — ( V . 1 0 1 , p . 4 5 0 , 1 3 7 2 ; V . 1 0 2 ,
p . 2 5 1 ; V . 1 0 3 , p . 1 1 1 8 ; V . 1 0 4 , p . 7 6 4 , 1 4 S 9 .)
A llD L A N I ) V A L L E Y R R .— O w n s a n d o p e ra te s fro m E x ce ls io r A r k .,
s o u t h t o I l o y e , A r k . , a n d n o r t h t o F i d e l it y , A r k . ; a ls o f r o m E x c e l s i o r w e s t
t o S l l v e r d a le , K a n ., a n d fr o m J e n k s , O k l a .. t o G le n n P o o l , O k la ., a t o t a l o f
3 0 4 m ile s ; a ls o o p e r a t e s u n d e r t r a c k a g e f r o m M a n e y J e t . , A r k . , t o F t . S m i t h .
1 6 m . , a n d S ilv e r d a lo t o A r k a n s a s C i t y , K a n .. 9 m ile s ; le a s e s W i c h it a &
M id la n d V a lle y R R . , A r k a n s a s C i t y t o W i c h it a , 51 m ile s , f o r 6 0 y e a r s fr o m
J u l y 2 9 1 9 1 0 , f o r 2 5 % o f t h e g r o s s e a r n in g s (a n d a n y d e f ic i e n c y n e c e s s a r y
t o m e e t t h o b o n d I n t. a n d t a x e s ) ; t o t a l o p e r . , 3 8 0 m . V . 9 2 . p . 4 6 2 , 7 9 6

RAILWAY STOCKS AND BONDS
IVol . 104.




J une 1917.

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
IF or abbreviations, & c ., see notes on fir st page]

M ile s
Road

Date
B on d s

Middletown & Unlonv RR—1st M $500,000.. Ba.y
14 1913
Second M 6% non-com adjust Inc bonds rod par_.y
1913
Midland Pennsylvania— 1st M $2,000,000 gold red s £.
1910
1st consol M SI,000,000_____________________
1917
Midland Val RR— 1st M g rod 102« beg '16 GPxc*
299 1913
Adjustment mtge (2d Income) gold red par FP. xc*
299 1913
Wichita A Midland Val 1st M g gu red par____ xc
1911
Mill Creek & Mine Hill Navigation & RR—Stock___
Milwaukee Lake Shore & Western— Milwaukee Sparta & Nor th Wes
Milwaukee & Northern—See Chicago Milwaukee A St Paul
Mine Hill & Schuylkill Haven—Stock (6 % rental) —
37
Mineral Point & Northern—1st M $450,000 gold.F.x
26 1905
Mineral Range—Consol mtge (text) gold red at 105.zo
16 1891
General mtge Interest guar by Canadian PacIQo.Fz
73 1901
Hancock A Cal cons mtge gold red at 105 assum_.z
34 1891
Equipment Trust notes Scribs 1________________
1910
uo
do
Series 2________________
1913
do
do
Series 3________________
1916
Minncap Red Lake & Manitob—-1st M $700,000 g-F.xc 33 yi 1905
Minnenp & St L—Stock, all of one class, $26,000,000
First mtge Merrlam June to Albert Lea g__ F.zc*
109 1877
Paciflo Extension first mortgage gold_____Ce.zc*
103 1881
First Consol Mclosed M g (V 59, p 1145).Cc,xc* Ar
502 1894
First A Ref M $13,244,000 gold ($18,000 p m) __Ccx
779 1899
Refund andExtenM $75,000,000 g red 105.(Jxc* Ar* 1,409 1912
Car tr ser A g due $60,000 yly (V 8 8 , p 1373) PeP.xc*
1909
Car trust ser B gold due $18,000 yearly__ PeP.xc*
1910
do
Ser C part due yearly__________PePx
1912
do Ser D duo S170.000 yly Feb 1 call 102 H PePc
Equip tr duo $40,000 each Nov 1; call 1021$__ PeP
1915
Locomotive trusts due $6,250 quar V. 100, p 556..
1915
Iowa Central 1st M g (V 41), p 582)------------ Ba.zo*
502 1888
1st ref mtge $25,000,000 g (se«* text)._Un.xc* Ar
539 1901
Car trusts ser A due 332,000 yrly ____ PeP.xo*
1909
Car trusts ser B due $16,000 or $15,000 yrly Pep.xo*
1910
American Locomotive Co notes________________
1915
Des Moines A Ft Dodge gold guar p A l__Ce.xc*Ar’
138 1905
Hock Coal Co 1st M $600,000 gu red 105sf._Fm.xc*
1912

Par
V a lue

Am ount
Outstanding

Rate
%

W h en
P a yab le

83
Last D ividen d
and M a tu r ity

P laces W h ere Interest and
D ividen d s are Payable

$100 Ac

$200,000
6 g
M A
Nov 1 1933
Empire Trust Co, N Y
250.000 4 15-17 M A
Nov 1 1933
Bankers Trust Co, N Y
812.000
5g J A
July 1 I960
July 1912 coup not paid
See text
1,000 5.224.000
A & O Apr 1 1943
New York and Phila
68
100 Ac 5.512.500 „Upto5%
Sept. 1 Apr 11953
Fidelity Tr Co, Phila
1,000 1.025.000
6 g
A & O Jan 1 1931
Office, Philadelphia, Pa
323,375 10
25
J & J July 1917 5%
Reading Term, Phila, Pa
tern —Se e Chicago A North W estern
50 4,210, 200
5 « J & J July 14 ’ 17 3% Office 119 S 4th St, Phila
1,000
450, 000
5 g M & N May 1 1925
Farmers L A Tr Co, N Y
500 Ac
593, 000 g & 5 g J & J Jan 1 1931
55 Wall St, New York
100,000 1,000, 000
J A . J Jan 1 1951
All owned by Can Pacific
1,000
325 000
5 g J & J Jan 1 1931
55 Wall St, New York
311 ,070
4a
Monthly Oct 1 1920
Marquette, Mich
29 ,989
6X
Aug
Q—F —
Montreal, Que
„ 1 1918
80 ,000
5
M & S Mar 1 1921
Marquette, Mich
700 ,000
1,000
5 g J A D 30 June 30 1925
First Trust & S Bk, Chic
100 25,792 .600
New New in 1916
600 Ac
950 000
J
&
D June 1 1927
do
do
1,000 1,382 000
6 g
A & O Apr 11921
do
do
1,000 5,282 000
M A N Nov 1 1934
do
do
§
*
1,000 13,244 000
4 g M A S Mch 11949
do
do
1,000 Ac 4.085 .856
Q—F Feb 1 1962
do
do
f g
1,000
120 0 00
6
g A & O To Apr 1 1919 Penn Co for Ins.Ao.PhlJa
1,000
54, 0 00
5g A A O To Oct 1 1920
do
do
1 .0 0 0
5
110 000
M & N To Nov 1 1922
1 ,0 0 0
1,700 000
5
F & A Feb 1 ’18 to ’27 Penn Co for Ins, Ac, Phila
1,000
360 000
6 g
M A N May 1 ’17 to ’25
do
do
250 Ac
193 750
0
Q—J July ’ 17-Jan ’25
1 ,0 0 0
7.650 095
5 g J A D June 1 1938
25
Broad
St,New
York
1 ,0 0 0
7,150 000
4 g M A S Moh 11951
do
do
1 ,0 0 0
64, 000
5 g M A N To May 1 1919 Penn Co for Ins. Ao.Phila
1.000
45, 0 00
A A O To Oot 1 1920
do
do
206 250
6*
To 1925
New York
1,030 3.072 ,000
4g
Jan 1 1935
25- Broad St, New York
1.000
196 000
July 1 1932
do
6 8
do
1 0 0 &c

ORGANIZ'N.—In 1913 readjusted without foreclosure, V. 96, p. 554.
<S/vS9nn“ A..ut#” comrnon- fl6.000.q00; prof., 55,000.000; outstanding.

STOCK.—The new consolidated company has an authorized capital
stock of $26,000,000 (par $100), all of one class, of which there was Issued
forthwith $25,792,600, tho remainder to bo reserved for future needs.

ot i*' n»*rtt ■ t
vutum trustees; nuwara 1 . atotesDury
•Tyler J. R. .McAllister, Lloyd W. Smith and Francis I. Gowen.
The pror. stock Is redeemable at par on any dlv. date after July l 1916 on 30
.n°l,‘ce>
subject to the right of the Cherokee Construction Co.
which owns all of tho com. stock) to purchase as follows: During 1914 and
1918 " n<l
rr
Rrs$, 6 s and adjustment M. (Income) 5s, Issued per plan
V. 96 o. 554, are a first and second lien, respectively, on (1) the entiro
property; (2) the leasehold Interest In tho Wichita A Midland Valley HR.
and all tho $1,025,000 1st M. bonds of tho lattor and $460,000 of Its $503,300
common stock; (3) all of tho $250,000 stock and $1,250,000 1st \1. 5s of the
Sebastian County Coal A Mining Co. owning about 18,500 acres of semi­
anthracite coal lands. Of the first 5s, $5,000,000 havo been Issued on
account of retirement of outstanding bonds and other Indebtedness and
Impts., Ac., of tho remaining $10,000,000 resorvod for $85% of tho cost of
impts., oxtens., Ac., under careful restrictions. $224,000 havo boon Is­
sued, making $5,224,000 outstanding. See V. 96. p . 1423, 1489.
The Interest on tho adjustment M. bonds Is to be paid annually, if earned
but Is not to become a fixed charge, and Is not to be cumulative unless the
Cherokee Construction Co. shall oxerclso the option to purchase the nref
Tho $3,512,500 Serins A bonds havo priority both as to lien and
payment of Interest over the $2,000,000 Series B bonds.
LATEST EARNINGS.— (1917.............Gross, $846,933; net $205 405
4 mos„ Jan. 1 to Apr. 30.(1916-----------Gross, 618,516- not 109 272
For 6 months July l to (1916--------- Gross, $1,177,452; net, $342|578
Dcc- 3111910--------- Gross,
918,892; not, 253,108
Report for year ending Juno 30 1916, In V. 103, p. 1788 showedJune .10.
Gross
N e t (after
Other
In terest,
B alance,
Year —
Earnings.
T a xes).
In c om e. R ents <tc
i»rnlu<
1915-16..................$ 1.862,008 $467,935 $67,774 $335793 s q f o f l
1914-15 .................. 1,392,739 241,430 151 187 .331 7 5 9
Rosas
Pros., O. E. Ingersoll; Sec. A Treas., J. R. K. Delanv Office T ihertv
Building, Phila.—(V. 103, p. 1032, 1788; V. 104 p 163 )
’ Llbcrty

DIVIDS.
) ’97. ’98. ’99. ’00. ’01. ’02. '03. '04. ’05to Jan.’ lO.
Preferred........) 3
3)( 4M 5 5 5 5 5
5 yearly
None
Common......... J---- None---- 1M 4 5 5 2M
0
since
BONDS AC.—Bonds due 1927, Nos. 1,101 to 1,400. for $500 each, addi­
tional to those above, were assumed by B. C. R. A N. (now C. R I A P )
F ret Refunding mtge. of 1899 is limited to $13,244,000. The mtge. is a
1st lien on 2<7 miles of road, Ac., and a blanket lien on rest of property.
s m

. B fc ’ & v f c . v J f v - » • - « » > v -

»• ■ « « * • * * • »■

The “ Refunding and Extension" 50-year bonds, dated Jan. 11912 ($75 auth. issue) are secured by a general lien on properties now owned’
subject to existing Hens, and, through the retirement of the bonds of the
Minnesota Dakota A Paclfio Ry., became a first lien on the property of said
*„pconstituting the recent extension to the Missouri River.
229.6 mllcs; they will also be a first lien on contemplated extensions:
$2,500,000 were sold In 1912, and $5,500,000 deposited under the notes
due Feb. 1 1916. Tho $2,500,000 notes wero paid off Aug. 1 1916.
Of the remaining bonds, $39,891,000 were reserved to retire a like amount
SnA1-der, y,ng
$1,036,0(90 to retire equipment obligations, $11 073 °°0 for Improvements, 2 d track, Ac.. $3,000,000 to purchase rolling stock
and 310.000.000 for additional road, or terminals. V. 93. p 1688- V 94
p. 279. 487, 631; V. 96. p. 136; V. 98. p. 1316.
The $3,072,000 Dos Moines A Fort Dodge 4% bonds dated Jan. 1 1905
were guar. n. A 1. V. 79, p. 1704, 2696. Tho $200,000 Hocking Coal Co.
1st 6 s ($600.000 auth. Issue) are also guar. V. 96. p. 360.
In Feb. 1917 Issued $1,700,000 equipment trusts covering 1.000 40-ton
box cars and 500 50-ton coal cars. V. 104, p. 952. Equip, trust ctfs. of
1915, see V. 101, p. 1714, 1629.
EARNINGS.—4mos.,/1917.......... Gross, $3,297,191; net, $719,481
Jan. 1 to Apr. 30.
(1916.......... Gross, 3,508.778; net, 945,478
ANNUAL REPORT.—Report for cal. year 1916 in V. 104, p. 2224, 2240.
— Y ea rs ending D ec. 31------ Y ea rs ending dune 30—
„
,
1916.
1915.
1916.
1915.
Gross earnings............. $10,995,223 $10,319,210 $10,721,512 $10,111,975
Net, after taxes----------- $3,198,632 S3.030.925 $3,229,511 $2,743,203
80,627
100,858
98,002
94,434
leaso assumod In 1896 by Phila. A Roading R ailw a y, rontai, $3.3,000 A taxes! Other income...............
Total net Income-----$3,279,259
$3,131,783 $3,327,513 $2,837,637
MINE HILL & SCHUYLKILL HAVEN RR,—From Schuvlklll Haven to
Ashland and Enterprise Jet., 36.72 m. 2d track 18 85 m - total trnck Interest on funded debt. $2,092,504 $2,143,803 $2,149,928 $2,139 649
129.91 m. In 1897 rental reduced to 6 % on stock’ uruler new' lease for*000 Hire of equipment........
145,547
42,659
354,481
392 684
years from Jan. 1 1897 to Phila. !fc Read. Ry. Co •2
D nMd In Tan and
501,523 g 170,859
118,699
3% In July, K % being deducted for taxes.—(V. 96, p. 1365,1423 0 ’ * d Miscel. deductions-------- 291,090
MINERAL POINT & NORTHERN RY.—Highland to Highland let
Balance, surplus........ $750,118
$443,798
$652,245 $186,604
Wls., 26.4 miles; trackage Highland Jet. to Mineral Point 4 2 m - total’’
Chairman, Chas. Hayden: Pres., W. II. Bremner, Minneapolis; V.-P. A
Treas., F. II. Davis, N. Y.; V.-Prcs., F. B. Townsend; V.-P. A Gen. Mct
*550 0oif-SDa/n$?00°raifmids nraCt^L?n (vCt' 1 7 1809- Stock, all Issued! J.
Russell, Minneapolis; V.-P.. J. S. Bacho, Now York; Sec. A Asst. Treas.
1916.’ ^ . 3120.858; n e ° t ? O S ^ n
“t* s M - A. O. Doan, New York. Office, 25 Broad St.
’
hit., taxos, Ac., $39,312; bai., def., $25,341. PrS’ Thos D Inn™ OhI
D irectors. —H. E. nuntlngton, F. H. Davis, Charles Hayden. J. S.
cago; V.-P., A. P. Cobb, Now York.
’ Ulos’ l}’ Jonos’ thl
Bache,
J.
J.
Slocum,
Chas.
F.
McElroy,
E.
V.
P.
Thayer,
W.
H.
Bremner
MINERAL RANGE RR.—Houghton. Mich to Calumet Mfeh ism • J. A. Spoor, O. Bernard November and F. P. Frazier. N. Y.—(V. 104 n’
’
k
P‘
M S 5 & « %•;
8& 952, 1045, 1387, 1899, 2224.)
0 0 0 ,0 0 0

MINNEAPOLIS ST. P A U L & SAULT STE. M AR IE R Y .— Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North Dakota,
at International boundary line, there connecting with Canadian Pac., 1,040
miles; branches, Hankinson, N. D.. to Max, 305 miles; Glenwood, Minn., to
tho remaining $254,000 (which are 4s) and the $ 1 '( m < )0 gen mtve 4 s Noyes, 265 miles; Thief River Falls, Minn., to Kenmare, N. D.. 296 m.:
noth of which It guar, as to lnt. V. 75. p. 554 See V 73 n 5$fi ft{n-Kv 7 g‘ Fordvllle, N. D., to Drake, N. D., 131 miles; Moose Lake, Minn., to Plum­
mer. Minn., 193 m.; Wishek, N. D., to Pollock, 70 m.; Brooten to Duluth.
Priist
o! 6
u.*'\r.no
or,93
antl
m in ing Interest.
p r o d u c ts . E q u ip !
trust ^notes'
n otes June^K)
Juno 30 Vl.)1
$ 50 2 ,6 0 7 , '■vaSi
In clu
din g
d eferred
Minn.. 188 m ; Lawler to Ouyuna, 36 m. (V. 91. p. 912, 787); other
branches, 598.45 miles; spurs, 7 m.; Fairmont A Veblon Ry., Fairmont to
EARNINGS,—For 6 months ending Dec. 31:
Grenville, S. D., 87 m.; total operated June 30 1916, 3,13!) miles; also track­
Sf* Months
csor?S9 i-i
<ti¥telAnn 0 l*l ‘ Die. Charges. B a l.,S u r. age to Minneapolis, St. Paul, Sault Ste. Mario. Duluth, Superior and
}9}6...................S'r'rn’nm
s l''? 5
33,612
$.59,658
Ironton, 30 miles; leases Wisconsin Central Ry. (which see), 1,127 milesig i^ ----------- 550-904 . S180.800
3.450 $78,4.53
86,540
97,710 less
joint trackage, 6 8 m.; total operated, 42.28 miles. Owned but leased
F or the 4 months 11917................... Gross, $39.5,863; not dof., $12,827
Minnesota N. W. Elec. Ry.. Thief River Falls to Goodridgo, Minn..
Jan. 1 to Apr. 30.(1910................... Gross. 336.050: not
15,160 to
18 miles. Late in 1916 became interested In Spokane International Ry.;
R E P O R T .— For year 1915-16, gross. $1,073,472; not, $253,832; other Edmund Pennington being now Pres, of both cos. V. 104, p. 1S99.
Inc., $7,122; charges, $186,270; sur.. $74,684.—(V. 97, p. 176.)
HISTORY.—A consolidation In 1888 of Minn. Sault Ste. Marie A Atl..
M IN N E A P O L IS RgD L A K E & M A N IT O B A RY.—Bemldjl to Redby.
Minn. A Pac., Ac. See V. 46, p. 538. 609; V. 77. p. 628.
Minn., 33 H miles, btock, $100,000, bonds (see tabic). For year ending
In 1909 51% of Wisconsin Cent. com. stock was purchased, affording a
Dec. 31 1916. gross, $65,026; oper. exp., $55.3.55; not, $9,671; taxos, rentals Chicago connection, the road being leased for 99 years from April 1 1909;
and fixed charges, $725; lit- on bonds, $35,000; ~bai.,'"def” ”SS5.763” $11,176,800 4% leased line ctfs. were Issued (to June 1917), secured by the
Pres . ,C.
). A. Smith; Sec., A. Uoland; Treas.. A. L. Molandcr, Bemldjl. Wisconsin Central pref. stock. V. 8 8 . p. 232, 564, 6 8 6 : V. 98. p. 1668.
Int.on Wise. Cent.Jst A ref. 4s ($5,816,000out)Is guaranteed. V. 9 5 , p. 968.
MINNEAPOLIS & ST. LOUIS RR.—(See M a p .)—Road Includes:
The Chicago Terminal Ry., organized in 1911, on Apr. 1 1914 opened a
Road Owned— '
M ile s
Road Owned (C ontinued )— M ile s .
now Chicago terminal to replace the facilities leased from the Illinois Central.
Minneapolis to Angus, la------ 260
Branches ________________ 129
See BONDS below. V. 93, p. 1463, 1387. 871, 285: V. 95, p. 745.
Dos Moines to Ruthvon, la— 137
Lea ses (A ll Stock Owned) —
Hopkins. Minn., to Leola, S.D.330
la. C. A W.,Belmond to Algona 37
STOCK.—Canadian Pacific In Jan 1 l917owned $12,723,500 common and
Conde to Le Beau. S. D-..........115
T r a c k a g e ........... ............. -.109
$6,361,800 preferred. Preferred stock has a prior right to 7% (non-cum )•
Iowa Jot., 111., to Northwood--375
Total ownod and oporatod Dec. 31 1916_____________________ 1,647 then com. to 7%; then share pro rata. V. 75, p. 549; V. 92, p. 882.
DIVIDENDS.— 1 ’03. ’04. ’05. ’06. ’07. ’08. ’09. 1910 to Apr. 1917
Leases to O. R. 1. A P.. Albert Lea to Iowa Line. 13 m.. Incl. above.
7 yearly
ORGANIZATION.—Incorporated In Iowa Juno 30 1916 (V. 103, p. 145) Common...............%J 2 4 4 4 4 6 6
M .^consolidation of Minn. & St. Louis RR. of Minn, and Iowa (V. 50.
BONDS.—Can. Pac. guarantees 4% lnt. on all old bonds assenting to a
?o.« 1:
P3-^- 1(508). and Iowa Central A Western liy., per plan of Feb.
of lnt. to 4%: also on consols of 1888. (See V. 50. p. 784; V. 51,
1916. This plan (V. 102, p. 522, o29) provided, through subscriptions by reduction
p. 239.) , About one-half Minn. A Pac. bonds and practically all other Issues
®Laroholdera (underwritten) of $4,530,200, cash to retire on Aug. 1 1916 assented.
Abstract of Minneapolis Sault S te. Marie & Atlantic mtge. In
$3,o0().0()0 6 % gold notes duo Feb. 1 1916. and all outstanding bills payablo, V. 45, p. 243.
The Consolidated mortgage of 1888. abstract V. 47. d . 142
the reduction of accounts payablo to normal amount and for about $500,000 Was for 521.000,000
on 800 miles Sufficient of this reserved to retire prior
now working capital. V. 103, p. 2163; V. 104, p. 2240,
bonds) and for $20,000 per mile on all additions. Outstanding amount la

none since.

Stock, $1,500,000; par, $100.




l»J7. 7%, 1898, 3V5/0.

84

RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S

[For abbreviations. & c., see notes on first paneJ

Minn St Paul & S Ste Marie— Com stock $42,000,000 . .
Preferred stock 7 % non-cum $21,000,000_________
Wisconsin Cent leased line ctfs $12,500,000 auth_„
Minn Sault Ste Marie & Atlantic 1st M gold.Ce.zc*
Minneapolis & Pacific first mortgage_______ Ce.zc*
1st cons M g. lnt guar (end) ($2,637,000 5s)_Ce.xc*
Second mortgage $5,000,000 gold lnt guar___ Cc.x
Chicago Terminal joint 1st M g red text-Q.xc* Ar*
Car trust Ser B due $61,000seml-annuallly___ Ce.x
do
SerCgolddue $60,000 semi-annually.Ce-x
do
Ser D g due $51,000 s-a (V 95, p 750)__ x
do
Ser E g $159,000s-a (V. 96,p.203) — Q .ic
do
Ser F duo S64.000 s-a (V 97. p 1663). GPc*
do
Ser G due $75,000 s-a (V 103 p 1888) .Em.c
Fairmont A Veblin Ry 2d M bonds________________
Minnesota Transf— 1st M g call 102 H 1922sfc*A r*
Miss Cent— 1st M $10,000,000 g gu red] (text)-.(I.xo*
Miss Riv & BonneTer Ry— IstM $2,500,000 g red 105x
Mo A III Br & Belt— StCM & St L B 1st M red g.SSt.zo*
Consolidated mortgage $2,000,000 authorized g__ x
Missouri Kansas & Texas— Common stock_________
Preferred stock 4% non-cumulatlve_______________
1st M g(in T6 Cent Tr Co resigned as trustee).Us.z
Second mortgage g o ld ______________________ Ba.z
First Extension mortgage gold $3,254,000.. Ce.xo*
St Louis Division First Refunding mortgage.F.xxo*
Missouri Kansas A Eastern IstM gold assumed__ xx
Second mortgage guaranteed, being retired__ xx
Sh Sh A So 1st M ($20,000 p m) g ass______Cc.xxo*
Kansas City A Pacific 1st M gold assumed ..P r.xo*
M K A Okla 1st It $5,468,000 g assumed__ Ce.xo*
TexasAOkla 1st M $2.3*7,000 gold assumed.Ce.xo*
First A Ref mtge $40,000,000 gold (see text)__ F.x
Gen M $20,000,000 gold sink fund red at par.N.xo*
S W C & Imp 1st M assumed sink fund call 125._Fx
Consol mortgage $125,000,000 gold authorized__ x
Two-year secur g notes ext, In 1915 red 101.-Ce.xo
Equlpt trust notes gold $95,000 due s-a call par.Cex
do
do
Series A $34,000 due s - a ________ CP

M iles Date
Road Bonds

495
286
3,158
3.158

1886
1886
1888
1899
1911
1910
1911
1912
1913
1913
1916
. . . 1913
1916
164 1909
65 1911
1901
1904

1,599
1,599
163
162
162
182
130
227
117
__

1890
1890
1894
1901
1892
1892
1893
1890
1902
1903
1904
1908
1889
1910
1913
1913
" -- 1914

Pa>
Valus

Rate
%

W h en

Payable

L a st D ividen d
and M a tu r ity

Places W h ere Interest and
D ividen d s are P a yab le

$100 $25,206,800 7 In 1916 A A O Apr 16 1917 3 >4 Minn office; cheeks mal>
1 0 0 12.603,400 7 ln 1916 A A O Apr 16 1917 3H
do
do
1 0 0 11,176,800
4
A A () Apr 12008
1 ,0 0 0
8.136,000
4g J A J'
Bank of Montreal, N Y
1 1926
1 ,0 0 0
286,000
4 (5) ■r A ,T
do
do
1 1936
1 ,0 0 0 59.500.000 4 2 A 5 g J <fc J
1 1938
do
do
1 ,0 0 0
3.500,000
4 2 J A J __ 1 1949
do
do
1 .0 0 0 &c
6 .0 0 0 .0 0 0
4 e M A N Nov 1 1941
New York A Londo ■
1 ,0 0 0
366.000
4)4 A A () Oct '17-Apr ’20
do
do
1 ,0 0 0
380,000
4 A e M & S Sept' 17-Mch’21 New York
1 ,0 0 0
561,000
4H gJ A n Dec’17-June '22 Bank of Montreal, N Y
1 ,0 0 0
1.908.000
4>$ g J A j July T7-Jan’23
do
do
1 ,0 0 0
832,000
5 g J A D Dec '17-Doc ’23 Girard Trust Co., Phila.
1 ,0 0 0
1,425.000
4 A g M A N15 Nov ’ 17-May’26 Now York
1 ,2 0 0
A A o Apr 1 1928
6
1 ,0 0 0
2.213,000
5g F A A Aug 11946
N Y and St Paul
500 Ac 3.804,000
N Y, Callaway, Fish & Co
5 2 J A J July 1 1949
1,000 2.500,000
1st N Bk, N Y A StLoula
5 2 A A o Oot 1 1931
1,000
758,500
St. Louis, Mo.
4 2 J A J Jan 1 1951
1,000
737,000
St Louis Union Trust Co
4 g J A J Jan 1 1951
100 63,283,257
100 13.000,000
Nov Vo"'13 2% Checks mailed
500 &o 39,999,500
Dec'16 lnt pd May 31 '17
4 2 J A D June 1 1990
500 Ac 20,000,000
4 g F A A June 1 1990
Feb 1916 lnt unpaid
1,000 3,253,000
Nov 1915 lnt not paid
5 g M A N Nov 1 1944
1,000 1,924,000
Apr 1916 lnt unpaid
4 2 A A O Apr 1 2001
1,000 4,000,000
5 2 A A o Apr 1 1942
Apr 1916 int unpaid
1,000
58,000
Apr 1916 lnt unpaid
5 2 A A o Apr 1 1942
1,000 1,689,000
Doc 1915 int unpaid
5 2 J A D June 1 1943
1,000 2.500,000
Aug 1916 paid Jan 1917
4 g F A A Aug 11990
1,000 5,468.000
5 2 M A N May 1 1942 • Nov '16 intpd Apr '17
1,000 2,347,000
52 M A S
March T6 lnt unpaid
100 Ao 9,992,000
March '16 lnt unpaid
4 g Vf A S
\ 1,000 10,421,000
4H g .1 A J
1 1938
Jan 1 1916 Int unpaid
1,000
743.000
8
J A J
Jan 1 1916 lnt unpaid
See t e x t . See text A A o
1.000 19,000,000
\r A N
Nov 1915 lnt not paid
6 2
1,000 1,235,000
5g J A D
1916 prin A int paid
l.ooo
6
J A J
610,000
Jan 1917 p & lnt paid

however, restricted to three times the stock. In 1915, $2,637,000 5s were
Issued. V. 94. p. 351; V. 73, p. 185; V. 78, p. 820; V. 79. p. 1332; V. 80,
p. 651; V. 87, p. 1011, 1664: V. 89. p. 779; V. 91, p. 1026; V. 95, p. 544
V. 98. p. 1316; V. 100, p. 812; V. 103. p. 321. As to 2d 4s. see V. 6 S. p.
669. 771. 977; V. 71. p. 845; V. 85. p. 1646; V. 96, p. 1089.
The Chicago Terminal 1st M. 30-year gold 4s ($20,000,000 auth.) are se­
cured under a Joint mtge. with Central Terminal Ry. on the terminals for
the Minn. St. P. A S. S. M. and Can. Pac. system lines. They are subject
to call on any Interest date beginning Nov. 1 1916 as a whole at 105 and
must be called yearly, beginning Nov. 1 1916, at 102 H by a sinking fund suf­
ficient to retire Issue at or before maturity if not purchasable for less. The
$6 ,0 0 0 ,0 0 0 bonds sold represent cash Investment equal at least to their par
value, the remainder being reserved for not exceeding 80% of cost of exten­
sions and Improvements. V. 93, p. 1463; V. 95, p.745
EARNINGS (Consol.) (1917........... Gross, $9,692,211; net, $2,458,607
4mos., Jan. 1 to April 3011916.............Gross, 10,635,234; net, 3,980,516
REPORT.—Report for year ending Dec. 31 1916, V. 104, p. 1893.
—]Vf. S t. P . A S. S . M . --------W isc o n sin Central----1916.
1915.
1916.
1915.
Aver, miles operated__
3,168
3,100
1,126
1,122
Operating revenues___ $21,576,320 $20,179,111 $12,895,764 $10,682,248
Net earnings....... .......... $9,518,175 SS.822,005 $5,712,317 $3,931,128
Other incomo............... 1,103,252
990,973
59,334
50,383
Gross income.............$10,621,427 $9,812,978 $5,771,651 $3,981,511
Int. on Wis. Cent, leased
lino certificates______ $446,894 $446,784
'Other fixed chgs., taxes
A terminal rentals... 4,915,938 4,726,498 $3,259,188 $3,166,170
Pref. dividends..............(7)882,238 (7)S82,238 (4)450,612 (4)450,612
Common dividends_(7) 1,764,476 (7) 1,764,476
$1,992,983 $2,061,851
$364,729
Balance, surplus....... $2,611,881
Substantially tho entire amount of pref. dlvs. of the Wisconsin Central
are paid to the “ Soo” company proper and included in its “ other income.’’
—(V. 103, p. 145,321, 1119, 1207, 1888, 1981,2238; V. 104, p. 1893, 1899.)
MINNESOTA TRANSFER RY.—Union road owning 13.54 miles, ex
tending ftom junction with Chic. Mllw. A St. Paul at Merrlam Park to Frid­
ley (with stock yards, Ac.); side tracks, 89.53 miles; total, 103.07 miles.
V. 104, p. 1045. Stock, $63,000, equally owned by Chic. Mllw. A St. Paul,
Nor. Pac., Chic. St. Paul Minn. & Omaha, Minn. & St. Louis, Chic. Burl. &
Quincy, Great North., Chic. Great West , Minn. St. Paul A Sault Ste. Marie
and Chic. Rock Island & Pacific. In July 1916 made a now 1st M. for
$3,500,000, callable all or part at 102)$, beginning Feb. 1 1922; soml-ann.
sinking fund from 1917, 'A of 1% • V. 104, p. 1045.
MISSISSIPPI CENTRAL RR.—Owns from a point 14 miles south of
Hattiesburg, Miss., to Natchoz, 164 miles. Stock auth. and outstanding
July 1916, $3.940,00(r, par, $100. Dividends of 6 % yearly paid to Oct. 1
1907: 1913, 1%: 1914 to Fob 1917, 2% (1% F. A A.).
B on d s. —1st M. bonds dated July 1 1909, limited to $10,000,000, are Issu­
able at $25,000 p. m.; they are subj. to call by lot at 110 for yearly sinking
fund of $49,200: also as an entire issue at same price. They are guar.,
p. A 1., by U. S. Lumber Co. V. 8 8 ,p. 1561.
EARNINGS.—4 mos.,/1917-................ Gross, $228,689; net, $37,895
Jan. 1 to April 30. (1916........... .......Gross, 266,824; not, 78,413
REPORT.—For cal.ycar 1916 and years ended June 30, V. 103, p. 2073:
Gross
N e t, after
Other
In t. A
D iv s.
Balance,
E a rn s.
Ta res.
In com e. S in k. F d .
(2%)
S u r .o r D e f .
---------- $78,740 sur.$34,535
1916........$823,365 $255,991 $109,475 $249,531
1915-16 ..$812,696 $269,851 $84,207 $254,200 $78,715 sur.$21,l43
_______
M M der. 13,681
254,200 78,660
1914-15
-- _______
771.427 240.615 78.564 ______
Pres., F. L. Peck; Sec., G. F. Royce. Office. Ilattiosburg. Fiscal
agents. Calaway, Fish A Co.. 37 Wall St.—(V. 104, p. 2452.)
MISSISSIPPI RIVER & BONNE TERRE RY.—Owns Riverside, Mo.
on Mississippi River, to Doe Run, Mo., 46.44 miles, with branches, 18.10 m.
also 43.44 miles of industrial tracks; total traoks about 108 miles.
8 TOCK.—Stock auth. and outstanding. $3,000,000: par $100. Diva
paid from 1900 to 1910. 6 %; 1910-11. 7%; '11-'12, 6 %; '12-’13. 5%.
BONDS.—The $2,500,000 1st M. gold 5s of 1911 are secured by a closed
first mtge. on the property owned and hereafter acquired except about onehalf In value of the equipment, and further by deposit of a $2,500,000
20-year 5% note of the St. Joseph Lead Co. They are redeemable at 105
as a whole or by lot for a sinking fund of $25,000 yearly for first 5 years and
$50,000 a year thereafter. V. 93. p. 589, 871.
EARNINGS— 6 mos.,(1916................. Gross, $468,411; net, $171,977
July l to Dec. 31. \1915.................. .Gross, 405.655: net, 176,936
Four months.—
(1917.................... Gross, $319,320; net, $95,566
Jan. 1 to April 30. 11916.................. Gross, 284,804; net, 106,698
EARNINGS.—For year ending June 30 1916, gross. $844,940; net,
$336,437. In 1914-15, gross, $693,685; net. $310,923.
.
Pres., E. O. Smith; V.-P., F. J. Thomure; Treas. A Sec., F. H. Dearlng.
N. Y. ofrico, 61 Broadway.—(V. 101. p. 48.)
MISSOURI & ILLINOIS BRIDQE & BELT RR.—lias bridge 2.100 feet
long across the Mississippi River at Alton, 111.; also 2 miles of road. Owned
by Cleve. Cine. Chic. A St. Louis, Louisville A Nashville, St. Louis Iron
Mtn. A South.. Balt. A Ohio, Missouri Pac., Wabash, Chic. Rock Island &
Pac., Chic. & East. 111., Mo. Kan. A Tex. and St. L. Vandalla & Terre
Haute (Penn. RR. system). Incoro.l n 1904 as successor of tho St. Clair
Madison & St. Louis Belt RR. V. 79. p. 1642, 681; V. 103, p. 2156. Stock.
$2,500,000; outstanding, $187,000. Pres., Henry Miller; Sec. & Treas.,
W. F. Bender, Railway Exchange Bldg.. St. Louis.—(V. 103. p. 2156.)
MISSOURI KANSAS & TEXAS RY.—Operates a line with north
ern terminals at St. Louis, Kansas City, Junction City and Hannibal
Mo., extending southerly across the Oklahoma and the Texas cotton belt
to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio
Tex., and Shreveport, La., with branches.




Amount
Outstanding

[Vol. 104

M . K . A T .R y .— Owned (1663 m.) M ile s.
Jet. near St. Louis to Red River 629
Hannibal, Mo., to Franklin Jet. 105
94
K. C., Mo., to Parsons, Kan__
Parsons, Kan., to Okla. City.. 203
Junction City to Parsons, Kan. 158
86
K. C. Juno, to Paola, Kan____
Oklahoma City to Atoka......... 132
Osage June, to Verdark, Okla.. 79
Fallls to Guthrie. Okla...........
2,3

M . K . A T .o f T e x .-O p e r . (345 m.)—
•Tex. Cent.(99% stock owned). 309
•Wichita Falls Ry___ INot
18
Wascom to Shreveport;owned. 19
Op. J oin tly ( a . ) ~ M . K . A T .R y (81 m.)
St. Louis to Machens, Mo____
27
Kansas City to Paola________ 43
Dewey to Bartlesville________
4
Moran to Plqua............
7
Wichita Falls Lines________
418
Other branches.......................... 154 (b) M . K . A T . o f T e z .(1 5 5 m .) —
Whltesboro to Fort Worth___
71
M.
K . A T .o f T e x .-O w n e d (1.153
m .) — to Galveston.............
Houston
50
Red Rlv.to Houston,via Ft.W. 357 Sou. Pac Connection. San Ant.
^
Denison to Hillsb., via Dallas.. 172 Austin to San Marcos (see Int.
Whltesboro to Henrietta_____
87
A Gt. Nor.; V. 94. d . 416) . 31
Greenville to Shreveport_____ 150 Beaumont Sc Great Northern.. 48
Othor branches_______________ 387
(♦See this company.)
Total operated June 30 1916.................... ..................................3.865
ORGANIZATION.Ac.—Reorg. In 1890 without foreclosure. V.49.P.719.
As to Wichita Falls A Northwestern Ry. (placed In hands of receiver in
June 1917) and Wichita Falls A Southern Ry., see separate statements for
each, also committees below. V. 95, p. 1057.
RECEIVERSHIP.—Pres. Charles E. Schaff was on Sept. 27 1915 ap­
pointed receiver for the company by tho U. 8 . Circuit Court at St. Louis.
Hallgarton A Co. and J. A W. Seligman A Co. are continuing the prepara­
tion of a reorganization plan. V. 102, p. 8 8 6 . In Doc. 1915 Contral Trust
Co., mtge. trustee, filed suit to foreclose Consol. Mtge. or 1910 (bonds all
pledged as collateral) for default Oct. 1 1915. In April 1916 Farmers' Loan
A Trust Co. brought suit to foreclose the First A Ref. Mtge. V. 103, p.
1119. In Feb. 1917 suit was brought to foreclose tho $20,000,000 2d Mtge.
(See bolow and V. 101. p. 1973) and in March 1917 to foreclose M. K. A
T. Ry. of Texas 1st M —V. 104, p. 664, 1045.
In March 1917 $1,566,000 5% receiver’s certificates woro outstanding,
on M. K. A T. Ry. of Texas, ranking ahead of its $4,505,000 first mortgage
bonds of 1892; $3,000,000 auth. V. 104, p. 764, 2343, 2452.
A report of consulting engineers submitted In Oct. 1916 (see V. 103, p.
1977) estimates the amount required for now working capital and to clear
the property (exclusive of bills payablo, defaulted Interest and expenses of
reorganization) at $9,636,000. and recommends a two-year rehabilitation
and betterment program Involving furthor expenditures of $17,000,000;
total, $26,636,000. A 50% reduction In fixed charges was also advised.
An elaborate roport made by Expert J. W. Kendrick to Speyor A Co.,
dated Jan. 22 1917, confirmed the receiver’s estimate as to tho neods of tho
property for rehabilitation, now rolling stock, A c.,and estimated that,
through these expenditures and improved methods of operation, a very con­
siderable saving may bo mado in working cost. A roport by Receiver
Schaff in Marc hl917, less optimistic, recommends tho oxpondlturoof$l6 .000,000 on the property in tho next four yoars. V. 104, p. 1592, 664, 656.
Default —Interest P a ym en ts. —On June 30 1916 tho interest matured since
Sept. 27 1915 remaining unpaid aggregated $3,594,262, out of $6,585,127
accrued: sinking fund paymonts in default, $482,080. V. 103, p. 1795.
The earliest coupon unpaid on each issue, and tho date of paymont of
deferred interest, may be learned from table at head of page as roportod
(comparo V. 103, p. 1792; V. 104, p. 1702).
PROTECTIVE COMMITTEES (seo V. 101, p. 1903, 1189, 1272):
T w o -Y e a r Secured Gold N otes (Extended and U n extend cd). —Willard V.
King. Chairman; C. A. Austin. Sec.. 60 Broadway. N. Y. Oltv: Central
Trust Co., depositary. Of the $19,000,000 notes issued, $9,176,000 had
been deposited. V. 101, p. 1093, 1553, 1973; V. 102, p. 1250, 1436.
First M . 4* due J une 1 1990.—William Church Osborn, Chairman; Paul
G. Tomlinson, Secy.; U. S. Trust Co.. N. Y., deposit,ary. V. 102. p. 67.
Dec. 1916 coupon was paid May 31 1917; V. 104, p. 2010.
Dutch Com mittee fo r 1st 4s.—Chairman Dr. A. F. Van Hall of U. Oyens
A Co., Amsterdam. V. 102. p. 154.
Second M tae. B on ds. —E. G. Merrill, Pros. Union Trust Co.. Chairman;
G. K. B. Wado. Sec., 80 Broadway. V. 101, p. 1189, 2145: V. 102, p. 522.
2077, 2254: V. 103. p. 239, 579. $4,978,000 deposited Juno 1917.
Dutch Committee.—Dr. II. K. Westendorp, Amsterdam. Chairman.
V. 102. p. 154.
First Extension 5s o f 1894. John W. Flatten, Chairman; Ohauncey H.
Murphey, 55 Cedar St.. N. Y., Sec. V. 101, p. 1272; V. 102, p. 345.
St. L ou is D iv isio n , First M ta e . R ef. Gold 4s.—Edwin S. Marston, Pres.
Farmers 'Ln. A Tr. Co., Chairman; Augustus V. Heely, 22 William St..
N. Y.. Secretary. V. 102, p. 67.
First
Ref. M . 4% B o n d s. —Alexander J. Hemphill, Chairman; W. O.
Cox. VIco-Pres. of Guaranty Trust Co., as Sec. v. 103, P. 1508; V. 101.
p. 1093, 1189: V. 102, p. 522. $6,386,300 deposited Juno 1917.
General M tg e . 4>$*.—Otto T. Banuard, Chairman: Herbert W. Morse,
Sec., 26 Broad St., N. Y.; N. Y. Tr. Co., depositary. V. 101, p. 1093:
V. 102. p. 253, 1436, 1626, 1989. $5,185,000 deposited Fob. 1917.
P ref. Stock and C om . Stock. —Alvin W. Krech. Chairman; Equitable
Trust Co., depositary. V. 101, p. 1274.
M is s o u r i K a n sa s A Eastern R y. 1st M . 5% B on d s. —Chairman, John W.
Stedman; Sec., George E. Warron, 60 Broadway, N. Y. Depositaries:
Columbia Trust Co., N. Y.; Conn. Tr. A Safe Dep. Co., Hartford. Ma­
jority deposited. V. 102, p. 8 8 6 ; V. 103, p. 1210, 2238; V. 104, p. 2010.
K a n sa s C ity A Pacific 1st M . 4s.—Chairman, L. Edmund Zackor, Hart­
ford. Conn.: Sec.. J. C. Traphagon, 46 Wall St., N. Y. Depositary, Frank­
lin Trust Co.. N. Y. Over 70% deposited. V. 102, p. 1163, 1346: V.
103. p. 844. V. 104. 256.
Sherman Shreveport A Southern R y. 1st M. 5s.—-R. Walter Leigh, Chair­
man; Joseph S. Dalo, 52 William St., Sec. Depositary, Columbia Trust
Co.. N. Y. V. 101, p. 1274; V. 102, p. 713.
AT. K . A Oklahoma 1st AT. 5s.—John W. Flatten, Chairman; U. S. Mtge.
A Trust Co.. N. Y.. depositary. V. 102, p. 800, 1346; V. 103, p. 60, 1687;
V. 104, p. 1702. To Juno 17 1917, $2,849,000 had boon deposited.
Boonville Bridge 1st AT. 4s.—Chairman, Robert Struthors Jr.; Sec.,
Emerson W. Judd, 37 Wall St. Depositary, Metropolitan Trust Co.,
N. Y. V. 102, p. 1625. Majority deposited. V. 103. p. 320.

J une , 1917.

RAILWAY STOCKS AND BONDS

R A IL R O A D C O M P A N IE S
[P ot abbreviations, & c ., see notes on fir st page]

Missouri Kansas & Texas—(Con)
Securities o f A llie d C om pa n ies —
Dallas & Waco 1st M 520,000 pmggu p Al.Ce.xxo*
Receivers’ certificates $3,000,000 authorized_____
'A K & T of Tex 1st M 520.000 pm___Ce.xxo*(Gu.p.
Boonv Bridge IstMg sfd V.73,p.494.Cc.zo*j & 1
Katy Office Bldg Co 1st mortgage.......... .....c*&r*
Tex ContlstM$2,000,000g rodl 10($150.0004s) F.xc*
Wichita Falls & N W 1st M g rod 105___ FC.xc&r
Pan Handle Div 1st coll lion M gold s f __ FC.xc
WIch.&N. W First St Ref M gold red 105 Usm.xc*
Wichita Falls & So 1st M $780,000 g gu s f..FC.xc*
Beau & Gt No 1st M g $17,500 p m red 1 0 2 ___ G
Mo & N Ark RR—Roc ctfs $2,500,000 red par______
Mo Okla & (lull RR—1st M $20,000,000 (text).SSt
Mo Okla & Gulf Ry—Receiver’s certific's $1,750,000
First M $10,000,000 gold......... .................. SSt.c*
Second M gold______________________________
Mo Okla & Gulf Ry or Tex 1st M $1,000,000..SSt
do
do
series A due $34,000 s-a..GP
Missouri Pacific RR (Now Co), as nor modified plan:
Common stock (auth $200,000,000)________
Prof stock 5% convert cum 1918 call 107 ' A __
First & Rof Mtgo gold________________ G.c*&r*
Series A callable (all) par & lnt_____________ x
Series B callable (all) par & infc---------------------x
Sorios C callable 1921 107M & int---------------- x
Gen Mtge $53,000,000 g call par aft 1920 Ba-C*&r*
(1) M is s o u r i P acific Railway Securities Undisturbed
Pacific RR of Missouri 1st M ext in 1888 gold__ Ba
Second mtge oxt in 1891 In gold St L to K C.xc*
First mtge St Louis real estate oxt in 1892 gold.x
First mtgo Caron Br g gu p & i (end) ext 1893__ z
Third M oxt 1906 rod 105 (V 83, p 492, 1348) Ce.z
Missouri Pac consol mtgo gold______________zc*
Equip notes series 2 duo $147,000 s-a red par__Ce.x
Equip notes serios 3 gold $14,000 s-a______
(2) Form er St. L ou is Iron M l . A S o ., A c .—
Gen Cons & L’d Gr’t Mtge ($45,000,000) g Ba.zc*
do
do
gold stamped guar prin & int. zc*
Unifying & Refund M gold $40,000,000_ Mp. xc *&r

M ile s
R oad

Date
B on d s

Par
V alue

A m ount
Outstanding

Rate
%

W h en
P a yab le

85
L a st D ividen d
and M a tu r ity

Places W here Interest ana
D ividen d s are Payable

1890
$1,000 $1,340,000
5 g
M A N Nov 1 1940
Nov 1916 int paid Apr '17
1917 1,000 &c 1,566,000
5
F & A Li Aug 15 1918
National City Bank, N Y
1892
1,000 4,505,000
5 e M A S Sept 1 1942
Sept
1916 int unpaid
1901
1.000
4 £
947.000
M A N Nov 1 1951
Nov 1916 int paid Apr’ 17
1912 500 &c
200,000
J
I) Dec 1 1932
5M
g
Dec'
1916
int. paid
1893
1,000 2,000,000 4 & 5 g A
O Apr 1 1923
61 Broadway, N Y
1909
1.000 2,142,000
5 g J & J Jan 1 1939
Jan 1917 int paid
1910
1,000
843,000
5g J
J Jan 1 192.6
Jan 1917 int paid
1911
1.000 3,569.000
5g J & J
Jan 1917 int paid
1908
1,000
729,000
5g J
J Jan 1 1038
July ’16 int paid Dec 28
1909
1.000
883,000
J & J Julv 1 1939
5 g
61 Bway, NY, Jan’ 17 p’d
1915 250 &c 1.950,000
6
M & N May 1 1918
Merc Trust Co. St L, Mo
too 10.655.200
1911
5
M & N Nov 1 1961
Nov 1913 coup not paid
1915
1.000 1.500,000
6 g F & A 20 Feb 20 1917
Fidelity Tr Co, Kan City
1904 100 Ac 7.007,000
5 ft M & N Nov 1 1944
Nov 1913 coup not paid
1.467.000
5 g
M & N June 1 1925
do
do
1911
5
1041
do
do
350,000
5 g M & N Nov 11944
do
do
__ ___
100 $82,839,500
— —
100 71.S00.100
6,691 1917 500 &c 24,238,000
5 g F & A Jan 1 1923
6,691 1917 500 &c 13,611,000
5 g F & A July 1 1926 ■
do
do
6,691 1917 500 &c 9,041,000
5 g F & A Jan 1 1965
do
do
6,691 1917 500 &c 51,350,000
4 g M & S Mar 1 1975
do
do
285 1868
1,000 6,996,000
4 g F Sc A Aug 1 1938
do
do
— 1871
1,000 2,573,000
5 g J & J July 1 1938
do
do
— 1872 500 &c
800,000
5 g M & N Mayl 1938
do
do
13 1873
500
237,500
do
4M g A & O Oct 1 1938
do
— 1876
1,000 3,828,000
M & N July 1 1938
4
do
do
755 1880
1,000 5,899,000
6 g M Sc N Nov 1 1920
do
do
— 1911
1.000 1,323.000
M & N To Nov 1921
5
. . . 1914
1,000
210,000
5 g J & D To Dec 1 1924 Girard Trust Co, Phila
1,498 ’81-’87
1,000 37,168,000
5 g A & O Apr 1 1931
Co’s office,120 Bway.NY
1,498 ___
1,000 5,994,000
5 g A & O Anr 1 1931
do
do
611 1899
1,000 30.551.000
4 g J & J July 1 1929
do
do
Dallas A W a co R y. 1st M . 5s.—Theodore II. Banks, Chairman; Martin
Festus J. Wade of St. Louis Is now sole receiver. V. 94, p. 983.
S. Watts. Secy, 115 Bway, N. Y. V. 104, p. 559.
In April 1915 $2,500,000 6 % 3-year receiver’s certfs. secured by a f.rst
M .
l<. & T . R y. o f Texas Is! M . 5% B on d s. —Chairman, Jules 8. Bache:hen on the properly were authorized, of which $2,062,750 were sold to retire
depositary.
Empire Trust
Co., N.
N. Y.:
Broad the outstanding $1,472,000 certfs. duo May 1 and for lmpts..&c.V.100,p.2010
nary empire
i rust tJo..
Y S eSec.,
c . , Edward P. Gootz. 42 Broadway. N.
Y
”
'
------------N’ I - V:1°2.P. 1060. 1540: V 103. p. 61.844.
Stock authorized, $25,000 per mile. In Aug. 1906 mortgage was hied
Texas
as & Oklahoma R y. Is! M . 5s.—F. N. B. Closo, Chairman: Perry B.
secure an Issue of $11,500,000 50-year 4% gold bonds (St. Louis Union
Bogue 16 Wall St., Sec.: Bankers Trust Co., depositary. V. 101, p. 1189: to
Trust
Co., trustee). Issuable at $25,000 per mile. Entire stock and bonds
V. 102. p. 154. 801. 887.
are pledged to secure $6,000,000 5-year 5% gold notes of the Allegheny
W ichita Falls A N . W . R y. F irst A R ef. M . 5s.—Elisha Walker, Chair­
Improvement
Co. V. 85, p. 99. In Feb. 1917 suit was brought to fore­
man; G. N. Lindsay, Sec., 25 Broad St., N. Y. Deposits asked in Jan. close on the notes.
V. 104, p. 664. Outstanding June 30 1916, $8,340,000
1917. Depositary, U. S. Mtgo. & Trust Co., N.Y. V. 104, p. 73,2453. each of stock and bonds.
Car trusts outstanding Dec. 31 1916. $45,201.
W ichita Falls A Southern R y . 1st M . 5s.— (a) Robert Elliott, Milwaukee;
88,115
LATEST
EARNS.—
11917_____Gross, $467,049; net,
Wm. M. Buchanan, BenJ. F. Taylor (Sec.). Depositary, First Trust &
Savings Bank, Chicago. Y. 102, p. 977. (5) Truman II. Nowberry, 4 mos., Jan. 1 to April 30.(1916.........Gross, 375,927; net, loss, 18,637
EARNINGS.—
Gross
N
e
t
after
Other
In
terest,
B
alance,
Detroit, Chairman; James R. Coulter, Sec., 804 Union Trust Bldg., Detroit;
Y ea rs ending — E a rnin gs.
T axes.
In c om e . R en ts, A c . S ur. or D e f .
depositary. Security Trust Co., Detroit. ’
Dec. 311916.......$1,310,935 $217,420 $96,404 $262,696 sur.$51.128
LAND GRANT.—The U. S. Supremo Court on Nov. 9 1914 decided June 30 1916------ 1,199,987
12,174 89,728 257,983 def.156,531
against the company the suit to recover the value of the land grant In former
Chairman, D. R. Francis; Pres., John Scullin; V.-P., Geo. L. Sands.—
Indian Territory (now Oklahoma), 3,110,400 acres, subject to Indian title. (V. 94, p. 1566; Y. 100, p. 1592, 2010; V. 104, p. 664. 952.)
V. 99, p. 1451. See V. 79, p. 903. 1281: V. 81, p. 668, 1042; compare
MISSOURI OKLAHOMA & GULF RY.—Owns and operates 205 3
V. 67. p.222; V. 55. p.937; V. 61. p. 1155; V. 77. p.2339; V. 82, p. 1102: miles
of main track and 41.3 miles of sidings, extending from Wagoner to
V. 84, p. 508, 1248: V. 85. p. 736.
Red
River, via Muskogee and Henryotta; Dewar to end of track, 9 m., and
DIVIDENDS.—On prof., 1906 to Nov. 1913, 4% yrly.; none since.
Junction to Lowerree, 2.4 m.; Junction to Bromido, 4 m.; Mo. Okla. &
BONDS.—M. K. & T. 1st and 2d mtges. of 1890 (abstracts In V. 51 Gulf R R . (V. 96, p. 1022), Wagoner, Okla., to Baxter, Kan., 98.6 miles,
p. 495) cover, besides right to land grant, 1,599 miles of road, Including line completed Dec. 1912 and projected to Oklahoma City. Dallas and Fort
Hannibal, Mo., to Boggy Tank (except 71 miles trackage), sundry branches Worth. V. 93, p. 469; V. 97. p. 887. In Aug. 1915 the Mo. Ok & Gulf
Ry. of Texas arranged for trackage from Denison, Tex., to Dallas and Fort
and Sherman Shreveport A Southern, but see below.
Worth, and now owns and operates 9.1 miles Red River to Denison.
M is s o u r i K a n sa s A Eastern bonds were assumed In June 1896
(V 6 3
P; 30.) J4.076.000 St. Louis Div. 1st ref. bonds reserved for retirement
On Dec. 11 1913 receivers were appointed for tho Mo. Ok. & Gulf Ry.
of both Issues. V. 72, p. 1034: V. 75, p. 608.
M. O. & G. RR. of Okla. and M. O. & G. RR. of Kansas. Alexander New
Sherman Shreveport A Southern mtge., limited to $3,689,000 ail issued of
of Kansas City and Henry C. Ferris of Muskogee, Okla., are now receivers.
which $2,000,000 pledged under M. K.T. & mortgages. Bonds were’as­ V. 100, p. 1257. All Nov. 1913 coupons were defaulted. V. 97, p. 1823 :
sumed on consolidation in 1901. V. 72. p. 1034. 1115.
V. 98, p. 236. In Feb. 1915 authority was given to issue $1,750,000 prior
The Missouri Kansas & Oklahoma and Texas & Oklahoma bonds Issued lien receiver’s certificates for improvements, additional engines, re-ballast­
at S20,000 per mile, guaranteed, have been assumed V 74 n 1 0 3 8 ­ ing and better terminals,of which $1,500,000 Is outstanding. The certifi­
V. 75. p. 185. 733: V. 77. p. 252; V. 78. p. 48: V. 79. p. 968’ V 102 n 800 cates cover both railway and railroad. Y. 1 0 0 , p. 734, 901; V. 99. p. 1366.
Tho First and Refunding 4s of 1904 are a second lienon 507 miles of
BONDS.—Railway 5s of 1904, $25,000 per mile. V. 8 6 , p. *1043; in
road and on the first mtge. bonds of Donison & Washita Yalloy Ry 4 7 July
S7,007,000 had been sold. V. 8 8 . p. 6 8 6 ; V. 90, p. 977, 1171,
miles, and a first lien on terminals and equipment of estimated value of 1363. 1912
Mo. Okl. & Gulf RR. 5s of 1911 are limited to $20,000,000 at $27.­
$24,380,000. V. 79. p. 968, 1281, 1332; V. 80, p 222 712-V 81 n 613­ 500 p. m.,
which $10,000,000 offered in France in Mar. 1912, sold $6,692.­
V. 82, p. 987, 1497; t . 86, p. 1101; V. 88, p 158, 295
’1
’ 000. V. 97.ofp.
444, 487. 698. Tho M. O. & G. Ry. of Texas 5s ($1,000,000
Gen.4H% mort. sinking fund. 2% of bonds yearly from 1911 V 82 auth. issue), are
secured on the line between Red River and Denison, Tex.,
p. 218. 334. 692; V. 84. p. 1551: V. 85. p. 346. 654-V 88 p 101 158
miles. V. 91, p. 1327; V. 93, p. 1022. Equipment notes Feb. 1 1917.
Consolidated mortgage of 1910 Is limited to 5125.000 000- 566 000 000 re­ 9
Railway
Co.,
$589,530;
Railroad Co., S168.282.
served primarily for refunding and the remainder ire Issuable only under
restrictions. Ihe bonds were on June 30 1915 secured bv the nledve of
EARNINGS.— 6 mos., (1916..................Gross, $894,694; sifr, $118,102
$13,073,000 bonds and $6,509,600 stocks. Including $4 77^000 M K & T
July 1 to Dec. 31.
(1915---------------Gross. 708,840: def, 34,015
Term. Co. of St. Louis 1st 5s $6,830,000 M. K. & T. gen. 4 44s $1 305 000
$39,878
For 4 months—
(1917---------Gross, $600,714; net,
Texas Central pref. and $2,002,300 common stock, and by a lien on the
Jan. 1 to April 30. (1916---------Gross, 464,357; net, loss, 54,438
property of tho M. K. & I. subject to existing lions On Tune 30 1015
For year ending June 30 1916, gross, $1,416,301, agst. $1,174,210;
$30 ,292,000 of tho Consolidated bonds had been issued of which $25 825 000 in 1914-15; op. def., $88,726, agst. def. $177,112 in 1914-15.—(V. 100.
were pledgwl to swuro^the^S 19.000,000 two-year notes due as extended p. 1257: V. 101, p. 449, 923.)
May l 1916, and $4,467,000 were pledgod as security for bills payable.
A1ISSOURI PACIFIC RR.— (See M a p . ) —Operates an important sys­
As to foreclosure suit, see above. V 92. p. 725. 795: V. 90. p. 1491; V. tem
extending from St. Louis, Mo., to Omaha, Neb., and Pueblo, Colo.,
91, p. 336, V. 92, p. 1179, 1375, 1500. Tho $19,000,000 Secured gold via Kansas
City, Mo., and also to Texarkana, Ark., Lake Charles, La.,
and Johnston City, 111., and comprise about 6,793 miles of first main track,
located as follows:
m. IColorado_______ 152 m.JLouisiana______ 571 m.
/tft r\r\r\ ruww A/Xl>nrc
i
, x~1 ~
UCGgUtirtlDteCCl. Mort* Missouri_____1,444
Kansas______2,211 m. IIllinois-------------194 m. (Oklahoma______162 m.
gage if UOOO.OOO) covers coal lands In Indian Territory; the company also Nebraska___
348 m. |Arkansas_______171 m. |
owns 2,350 acres additional. Den. & Wash. Ry. 4 7 ndles mines
In
so owns all, or substantially all, of the capital stock of certain other
May 1913 sold $1.900.000 5% equipment n o te s . V. 96 ml489 In Auk
railway companies which own in tho aggregate 107 miles of first
1915 purchased rolling stock for $895,475, of which $'50,000 paid In cash and subsidiary
main track. Also has trackago rights over about 193 miles of the main lino
remainder duo In yearly rental payments. V. 1 0 1 . p. 694.1
of the Tex. Pac. Ry. in Louisiana which affords it an entrance to New Orl.
LATEST EARNINGS.— (1917---- Gross, $12,687,318; not, $1,414,148
ORGANISATION.—Incorp. in Missouri March 5 1917 and about June 1
4 inos., Jan. 1 to April 30.(1916---Gross, 10,353,198: not.
329 189
succeeded to tho properties of Mo. Pac. Ry. and Its subsidiary, the St.Louis
6 M o n th s ending
Gross
N et
Charges A
Balance,
Iron Mt., foreclosed per plan in V. 101, p. 130; V. 103, p. -106, 493, 579;
Dec* 31"““
E a rn in gs.
E a rn in g s .
Taxes
S htt)Ih
V. 104, p. 863, 1899. (As to K. C. & N. W. RR.,see V. 104, p. 1591,2010.)
1916..................*21,005,091
$4,664,493
$3,480,783
$1,1^3,710 The
now securities arc expected to be ready on or about July 1 1917.
3,958,lb6
3,513,239
444,927
1915..................16,75b,916
Tho Missouri Pacific RR. Co. owns about 30% of the stock of the
ANNUAL REPORT.—Annual meeting first Thursday after first Mon­ Denver & Rio Grande RR. Co., tho latter extending from Pueblo to Salt
day In April. Report 1915-16 was cited in V. 103, p. 1785.
Lake City. It also owns $23,703,000 2d mtgo. bonds of the Texas & Pacific
Ry. These are p edged as part security for tho Unifying & Ref. Mtge. 4s
1 9 1 5 ^5k1914-15.
1913-14.
1912-13.
of
tho former St. Louis Iron Mtn. & Southern Ry. Co.
Average miles..................c „ x » r ’?ni ...o J '8 6 5
3.825
.>.677
Gross earnings................$32,48o,o03 $32,898,759 $31,317,924 $32,346,258
OLD BONDS, ALL ISSUES.—See issue of June 26 1915.
Operating exp. & taxes. 27.144.513 24,295,463 24,726,353 24,096,316
STOCK.—The new stock issues (compare V. 101, p. 131) embrace:
(1) N e w Convertible 5% P ref. Stock (p. & d.)—Cumulative from June 30
Operating Income___ $5,010,995
$8,603,296 $7,191,571 $8,249,942
Not incomo__________ 5,405,805 $8,818,130 $7,408,849 $8,916,554 1918. Convertible at holders’ option at par into common stock at par,
Interest on bonds, &C-- $6,58o,127 $6,480,465 $6,319,872 $5,978,194 subject to adjustment of dividends. Callable by company as an entire
10743% and div.. subject to conversion privilege. Full voting
Mlscoll. rents, &c.........
24,345
219,124
25,943
55,626 Issue atAuthorized,
$100,000,000. Presently issuable not over.$71,800,100
Rentals (road, &c.)___
669,750
643,556
523,807
565,748 power.
(2) N e w Com m on Stock, auth., $200,000,000: presently issue.$82,839,500
All the common and prof, stocks issuod will be placed in a 5-year voting
Balanco, sur. or def.df.Sl ,873,417 sr$l,474.985 sr.3539,227 sr$2,316.985
trust. The voting trustees will be Otto H. Kahn, James N. Wallace and
OFFICERS.—Pres., Charles E. Schaff, St. Louis; V.-I\, C. Hallo and Robert Winsor. V. 104, p. 2343.
C. N. Whitehead, St. Louis, and W. A. Webb, Dallas, Tex.; Sec., E. P.
BONDS.—Tho new bonds are briefly described as follows:
Broomhall, Parsons, Kan.; and Comp., Geo. T. Cutts, St. Louis.
(1) First and Refunding M t g e . B onds —Total issue, including amounts
reserved for refunding, improvements, extensions, &c., under restrictions,
Directors.—W. V
is limited (except with further consent of a majority in amount of the stock­
Faust and Charles
Harry S. Black,
holders) to $450,000,000 and further limited so that tno total at any time,
_______
^ , including amounts reserved for refunding bonds and equipment trusts
A. J. Miller, II____________________ ________
Frank P. Frazier, Chicago; Edward S. Rea, Coffoyville,*kan?; David Mul- (together aggregating $135,945,500 in June 1917, exclusive of the equipment
trust maturing prior to July 1 1918, which are provided for under plan):
vano, Topeka, Kan. Office, 61 B’way.—(V. 104, p. 2343,, 2452.)
shall never exceed three times the capital stock at the time outstanding,
MISSOURI & NORTH ARKANSAS RR.—Joplin, Mo., to Helena, Ark ’ nor shall issues above $450,000,000 exceed 80% of the expenditures for im­
3b5.24 miles,of which Neosho, Mo., to Joplin, 19 miles, and Sellginan, Mo- provements and additions. The $46,923,150 bonds issuable under the
to Wayne, 9 miles, arc trackage. V. 8 6 , p. 168; V. 82 p. 569.1269; V.83,p,39)
plan bear 5 % interest and mature and are callable (as an entirety only) in




66
—
225
- -—
309
154
57
378,
52
49
—
—
—
350

86

[Vol. 104.

RAILWAY STOCKS AND BONDS
R A IL R O A D C O M P A N IE S

M ile s

Date

P ar

Am ount

Rate

W h en

L a st D ividen d

Places W here Interest and

D ividen d s are Pa yable
Pagable
R oad B on d s
V alue
Outstanding
and M a tu rity
(F o r abbreviations, & c ., see notes on fir st page)
%
Missouri Pacific RR (C oncluded )—
Co office, 120 B’way.NY
4 g M & N May 1 1933
772 1903 $1,000&'J S34.548.000
River & Gulf Divs 1st M $50,000,000 g.Ba.xc*&r*
do
do
84 1886
1,000
806,000
Verdigris Val Indep & W 1st M g guar assumed__ z
5 g M & S Mar 1 1926
do
do
1,000 1,648,000
4 g J & D June 1 1948
Central Branch U P 1st M g assumed_____ Un.x
100 1898
do
do
880,000
44 1903
1,000
5 g A tSc O Oct 1 1923
Pino Bluff & West 1st M assumod rod 10 years 105- St Louis Union Tr Co
1,000 1,140,000
4 g J & J July 1 1939
; Little Rock & Hot Sp W 1st M gold assumed-_SSt
57 1899
223,000
1913
1,000
5
Iron Mt car trusts ser V, part yearly__________
Q—M To Juno 1922 Townsend, Whelen, Phlla
M & N.To Nov 1 1921 Central Trust Co, N Y
1,000 1,305,000
1911
5
do
Ser 2 due $145,000 s-a red par__ Ce.x
M & S To Sept 1 1923 Phila Trust Co
322,000
1,000
5
1914
do
Ser 3 duo $25,000 somi-ann__________
J & D To Dec 1924
Girard Trust Co, Phila
300,000
1,000
5
do
$20,000 duo somi-annually-____ - -.
1914
Am Refrig Transit equip notes gold not guar—Soe “ Iudu strial Cos” and V 92, p 883; V 95, p 1747.
J A J July 1 1917 2% JPMorganACo.NY.&Lon
$900,000
4
$100
Mooile & Birmingham RR—Prel stock ($9011.01)0)----J P Morgan Sc Co, N Y
600,000
Prior lien gold $600,000_________ _____ Ce.c
150 i§95 200. 1000
5 g J Sc J July 1 1945
J Sc J July 1 1945
do
do
4
150 1895 200,1000 1,200.000
First mortgage $1.200,000______________ Ba.c
100 6.016.800 4 in 1916 Yearly June 29 T6 4 % Washington, D C
Alobile & Ohio—Stock__________________ . ..
Farmers L & Tr Co, N V
j & D Dec 1 1927
First M Mobile to Columbus (principal gold). . F.zo*
472 1879 500 Sec 7.000,000
6
do
do
1.000 1.000.000
First M exten Columbus to Cairo & brand) g. F.zc
6g
625 1883
Q-—Jan July 1 1927
Hanover Nat Bank, N Y
General mtge for $10,500,000 (now gold) s f.F zc*
525 1888 500 &c 9,470.000
4 g M & S Sept 1 1938
do
do
189 1.897
l .000 4.000.000
Montgom Div 1st M $4,000,000 g(V60,p 1045>Ce.ze*
5 g F & A Feb 1 1947
First Nat Bk, Mobile, Ala
200.000
46 1899 600 Sec
Mobile Sc B Sb 1st M $200,000 assumed gold-F.zc*
5 g M Sc N May 1 1949
1911
480.000
1st term and coll tr M$1,200,000 g due $60,000 s-a .x
5 g F & A 15 Augl917 to 1921 Guaranty Trust Co, N V
Hanover Nat Bk, N Y
1.000 2.500,000
6 g J & D Dec 1 1927
M & O St Louis DIvM $3,000,OOOgred 102 !4 Cexc*
159 1913
Farmers Loan & Tr, N Y
159 1886 600 Sec 4.000.000
St Louis Sc Cairo 1st M gold assumed.......... .
zc
4 e .1 Sc J Jan 1 1931
Farmers L & Tr Co, N Y
498,000
M Sc N May 1 1919
1899
Equip tr Ser ‘‘A” sinking fund.......................... .x
1,000
5
do
do
1899
499.000
A Sc O Oct 1 1919
do
Ser “ B” sinking fund................... ........ x
1.00')
5
1.006
1912
225.000
do
Ser “ F” $22,000 and $23,000 s-a. . ,.x
4)4 VI Sc S Sept'17-Mch ’22 Bankers Tr Co, N Y'
do
Ser “ G" $32,000 s.-a.—last 3. $31,000Ba.x
1913
1.006
413.000
6 g M & N Nov '17-Nov '23 Bankers Trust Co, N A
do
do
do
Ser "H" $50,000 s-a. last three $53,000. .
1914
1.006
759.000
5 g J & J 15 July ’ 17-.Iuly "24
do Ser "J” duo s-a $47,000 Doc, $48,000 J'ne Ce
1916
1.000
856,000
4)4 J & D Doc '17-June 26 Now York
Mobile Terminal & Ry—See Ala Teun Sc Nor Ry...
Mohawk & Malone—See New York Cent Sc H R RR.
1915
1916___
Monongahola RR 1st M $1,500,000 joint guar___ k
1,000 1,235,000
Treas. office, Pittsb, l’a
37 1902
3H g A Sc O Got l 1942
Monongaheia River RR—Ilomls—See B Sc O RR
Empire Tr Co, N Y
Montana Wyom & Sou —1st Mgred 110 text--Einxo»
1.00C
881.10C
3J 1909
5 g M Sc S Sept 1 1939
i .dor
Vf Sc N May 1 192n
Goshen, N Y
Montgomery & Erie Rv—1st M (old 7s extended ln'86)
130,OOC
1866
6
1.00C 2,695.00C
Union Tr Co, Pittsburgh
M ontourR R —lstMg$2,750.000redl05sftext UP.xc*
5 K F Sc A Feb 1 1963
57 1913
London and Montreal
J & D June 1 1964
1914 £25, &c £1,028,80C
5
M ontreal Central Terminal Co—1st M red 105-Clearfield (Pa) Trust Co
1908
1,00<
Morehead & Nor Fork—1st M g trust Clearf Tr Co.i
373.OOC
5 g F Sc A Feo l 1958
S P Co, 155 B'way, N Y
l ,()0( 4.935,OOC
7
A Sc C Apr 1 1918
Morgan’ s La & Texas—First M (N O to Morg C)F.zo*
95 1878
do
do
127 18KO
■non i 404 OOO
First mnrttrajrf* Alexandria Rxtension erold
Pz
•i r J * 1Julv 1 1090

series as shown in tablo above; future issues must not carry over 6% inter­
est nor mature earlier than June 1 1948, and if desired may bo made con­
vertible. Now issuable (see tablo above)________________ 840,923.000
M ile a g e , 0,690.06, Securing First and R ef. M . and Sub). Thereto the G en. M t g e .
First main track upon which First & Ref. M. is a first lien______ 1,958.62
First main track upon which First & Ref. M. is a direct 2nd, &c.,
mortgage subject to less than 8133,500,000 outstanding prior
bonds and subject as to 14.70 miles to a lease thereof--------------4,189.47
Lines in Nebraska and Illinois (subject to prior mortgages) to be
covered directly or through collateral_____________________ 542.57
And all mileage hereafter built or purchased with theso bonds.
(2) N e w General M ortgage B onds —Total auth., 853,000,000, to boar 4%
nt. and inaturo 1975, but redeemable as a whole (but not in part) at par
and lnt. on and after March 1 1921. A junior lien upon all property at any
time subject to the now First and Refunding Mtgo. Reserved $1,902,000
issuablo only from time to time upon retirement of following bonds; Central
Branch Ry. 1st M. 4s, $169,000; Central Branch LT. Pac. 1st 4s, $1,648,000;
Kansas & Colo. Pac. 1st Ref. 6s, $85,000. Now Issuable___ $51,350,000
EARNS.—4 mos.J 1917.-Gross, $24,387,941; net, aft. taxes, $6,158,553
Jan. 1 to Apr.30.\1916-.Gross, 20,834,097; net, aft. taxes, 3,684,212
ANNUAL REPORT.—Fiscal year now ends Dec. 31. Report of old
company for year 1916 in V. 104. p. 2112; V. 103, p. 1406, 1503.
C om bined Results o f M o . P ac. and St. L ou is Iron M o u n ta in & Southern.
— Six Alon ths E n d in g ---------- Calendar Y ea rs -----June 30 T6. D e c . 31 '16.
1916.
1915.
Gross earnings.............$31,852,850 $38,119,962 $69,972,812 $59,500,591
Operating exp. & taxes. 26,835,915 27,610,244 54,446,159 46,105,587
Not, after taxes....... $5,016,935 S10,509,718 $15,526,653 $13,395,004
Other income...............
787,018
656,854 1,443,872 1,195,658
Total......... ............. $5,803,953 $11,166,572 $16,970,525 $14,590,662
Total deductions, incl.
lutorest unpaid-------- 7,840,826 8,170,691 16,011.517 15,717,191
OFFICERS (new company).—B. F. Bush, Pres.; F. J. Shepard, VicoPres.; A. Robertson, Vice-Pres. in charge of operation; J. G. Drew. VicoPres. In charge of accounts; E. J. White, Vico-Pres. and General Solicitor;
II. M. Adams, Vice-Pres. in charge of traffic; O. B. Huntsman, V.-Pres.,
Asst. Sec. & Asst. Troas.; II. L. Utter, Sec. and Treas.
DIRECTORS (new company).—Nicholas F. Brady, Harry Bronner,
Carl R. Gray, Alexander J. Hemphill, John II. McClomont, Edgar L.
Marston, Finley J. Shopard (V.-P.), Cornelius Vanderbilt, Albert tl. Wiggin and William II. Williams, New York; B. F. Bush (Pres.), William II.
Lee, John T. Milliken and Edward C. Simmons, St. Louis; Chas. E. Ingorsoll, Phila.;*C. Minot Weld, Boston, and R. Lancaster Williams, Baltimore.
N. Y. office, 120 Broadway.—(V. 104, p. 2235, 2112, 2118, 2452.)
MOBIL!! & BIRMINGHAM RR.—(See M a p Southern U v J — Mobile to
Marlon Junction, Ala., with branches, 150 miles. Leased to Southern Ry.
from March 1 1899 for 99 years, the latter agreeing to meet the interest on
bonds and to guarantee a dividend on the $900,000 pref. stock of 1% for
first year, 2% for secoud year, 3% for third year and 4% for fourth year
and thereafter. Of the $900,000 common stock. $894,900 Is owned by
Southern Ry., and voting power on pref. assigned to Southern Ry. during
l:ase. V. 68. p. 429. 1134; V. 69. p. 391: V. 71. p. 1013.—(V. 72. p. 137.)
MOBILE JACKSON & KANSAS CITY.—See New Orl. Mob. & Chicago
MOBILE & OHIO RR.— (See M a p Southern R y .)—Owns from Mobile.
Ala., to Columbus, Ky., 472 m.; Cairo to East St. Louis, 151.6 m.. with
branch to Mlll.stadt. 7-23 in.; proprietary lino, Kentucky Sc. Tennessee RR.
to East Cairo, 19 in.; branches to Columbus, Miss., &c.. 42 rn.; Columbus,
Miss., to Montgomery, Ala., 167 m.; Mobile & Bay Shore Branch, 38 m.;
with Warrior Branch, 9 m.; Warrior South. Ry. (all stock and bonds
owned). Tidewater. Ala., to Kellerman, 14 m.; Blocton Branch, 13 in.; total
owned, 920 in.; trackage, 189 m.; total Juno 30 1915,1,122 miles. Mis­
sissippi anti-trust suit, V. 95. p. 1403.
STOCK.—Stock authorized, $10,000,000; outstanding, $6,016,800; par
$100. The voting power on $4,984,200 of the stock Is exercised by the gen­
eral mortgage bondholders by virtue of deposit of old debentures of 1879.
DIVS, (Since 1910-11 f T1-T2. T2-T3. T3-T4. T4-T5. '15-T6. ’16-T7.
June 30 years_________ \ 4
4
4
4
4
4
In 1915 the Southern Ry. had acquired $8,261,000 of the $9,472,000
general 4s and $5,670,200 of the $6,016,800 stock, issuing, $ for $, its col­
lateral trust 4% gold bonds In exchange for the M. tc O . general 4s, secured
by a pledge of the latter and had also Issued stock trust certificates for stock,
dividends being payable (A. & O.) at 4% In perpetuity thereafter.
BONDS.—General mortgage of 1888 abstract, V. 47, p. 83. V. 60, p. 967The St. Louis DIv. 5% gold bonds (limited to $3,000,000), dated Aug. 1
1913, are secured by a mortgage on the former St. Louis & Cairo RR., sub­
ject to St. Louis & Cairo 1st M. 4s, due Jan. 1931, the latter of which have
been assumed. V. 96, p. 554, 1022. 1365, 1773. 1840. and V. 70, p. 632.
Stockholders Feb. 7 1917 authorized the creation of a mortgage to secure
not exceeding $50,000,000 bonds, whenever the board of directors may deem
it advisable. V. 104, p. 452; V. 102, p. 251; V. 100, p. 253.
First Terminal mtge and collateral trust 6s of 1911, see V. 92, p. 119.
Equipment bonds series “J,” V. 102, p. 1718. There is no series “ I.”
EARNINGS.—10 mos., (1917....... Gross, $10,422,994; not, $2,102,239
July 1 to Apr. 30.
\1916.......Gross, 9,762.494; net, 2,298,616
REPO’RT —Report for 1915-16 In V. 103. p. 1789 (oper. independently)
Years ending J une 30—
1915-16.
1914-15.
1913-14.
Total operating revenue . . . . . .$11,868,038 $10,982,149 $13,002,583
Net over taxes...................... 2,925,200
2,660,762 2,463,919
Net. including other Income______ 3,182,4 >1
2.727,708
2,571,863
Interest, rontals, &c . . . . ____ _ 2.329,36 ) 2,399,040
2,486,752
Dividends paid......................(4)240,672
(4)240,672 (4)240,680
Additions and betterments . . . . .
5,391
3,238
23,738
Balance, surplus or deficit . . .sur.$607,067 sur.$84.758 def.$179,309
Pres., Fairfax narrison — (V. |.o3, p. 1789; V. 104, p. 452.)




“ MONON.” —See Chicago Indianapolis Sc Louisville Ry.
MONONGAHELA RAILWAY.—Brownsvillo Junction, Pa. (connection
with Ponn. RR. and Pitts. & Lake Erie RR.) to Fairmont, W. Va.. 69 miles,
with branches aggregating 39 miles. In Nov. 1915 operations extended
from Ponn.-W. Va. State lino to Fairmont, W. Va., 33 milos. A consolida­
tion July 1 1915 of Monongahola R R . and Buchannon & N. Soo particulars
Pitts. & L. E. report, V. 102, p. 1535. Stock auth., $10,000,000; par $50.
Outstanding Dec. 31 1916. $5,000,000. of which Pitts. & L. E.(N.Y. Central
System) owned $2,500,000 and the Ponn. System, it is supposed, the re­
mainder, the Penn. RR. Co. itsolf owning $1,676,500 on Jan. 1 1917.
Bonds auth., $15,000,000; none issued to June 7 1916. Pitts. Sc L. E. and
Pittsb. Virginia & Charleston (Penn. System lines) guarantee tho 3)4s.
RESULTS.—For cal. year 1916, gross earnings on 108 miles of road,
$2,024,939; not, after taxes, $932,155: total net, including "other Incoino,"
$959,374; int. on bonds, rontals, &c., $503,504; divs. (4%), $200,000; bal.,
sur., for year, $255.870.—(V. 102 ,p. 1546.)
MONTANA WYO.MINa & SOUTHERN RR.—Owns from Brldger, Mont.;
on Northern Pacific, to Belfry, and westerly to Bear Creek, about 33 miles,
serving a coal district. Stock outstanding, $1,000,000. Additional bonds at
$25,000 per mile. V. 89. p. 470. Equip, bonds Juno 30 1916. $10,000;
equip, trust notes, $13,980. Year 1915-16, gross, $230,868; net, $117,999;
lnt., taxes, &c., $89,620; bal., sur., $25,888. Pres., Frank S. Gannon,—
(V. 89, p. 1281: V. 101. p. 1189; V. 103, p. 1210.)
MONTGOMERY & ERIE RY.—(See M a p E r ie R R .) — Owns Montgomery
to Goshen, N. Y., 10 miles. Leased In 1872 to Erie RR. Rental now
$16,000 per an. Stock, $150,000. Divs. (4)4% per an.) paid May 10 and
Nov. 10. S. fd.. $6,500 per an. There are $40,500 2d M. 5s due Oct. 1 1927.
MONTOUR RR.—Owns Montour Jet. to the Mifflin Yards of Bessemer
& Lake Erie RR.. 56 miles. In Oct. 1916 the Northern Montour RIt. Co.,
with S350.000 of auth. cap. stock, was incorporated by the same interests.
Stock $1,500,000, owned by Pittsb. Coal Co. V. 96, p. 286, 861.
In Feb. 1917 was reported to have arranged to increase tho authorized
capital stock from $1,500,000 to $5,000,000 to provldo tor readjustment of
finances of tho road, as recently rebuilt and oxtondod. V. 104, p. 764.
Bonds, originally $2,750,000 1st 50-yr. 5s; retired by sinking fund to
June 1916, $585,000; redeemable at 105 as a whole on and aftor Fob. 1 1924,
or at 102)4 for a sinking fund of $55,000 yearly. Equip, trust gold 5s
dated Apr. 1 1913, $961,000, due Apr. t 1938, and $917,361 Apr. I 1923.
For year ended Juno 30 1916, gross earnings were $660,077; deficit, aftor
oper. expenses, $51,345; other income, $359,541; balance, surplus, $135,240.
—(V. 104, p. 764.)
MORGAN’S LOUISIANA & TEXAS RR. & STEAMSHIP CO.—Sea M a p
of Southern P a c ific .) —ROAD.—Owns Algiers to Cheneyvllle, 205 miles;
branches. 119 in.; extensions to Port Allen. La., &c., 63 m.: trackage to
Alexandria, &c., 25 m.; total, 401 m.; ferries, 3 miles. Sou. Pac. Co. owns
the $16,000,000 stock. Div. 1906-07. 10%; 1907-08, 25%; 1908-09, 4%:
1909-10 , 6%; 1910-11. 6%; 1911-12. 4%; 1915-16. 2%.
EARNINGS.—6 mos.,11916............. Gross, $2,913,128; not, $912