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uplma
et
C o m m e r c ia l & f i ^ n c i A i
VOLUME
3
V E a i? c lx
W IL L IA M
tk
R
Da
W ILLIAM
2
° « m
L VI .
5
,
1
„V CO..
n a
Q
STREET
8
9
3
P ( B L L > if B B S
NEW
YORK.
T h e Investors’ Supplement is issued once in two months, viz,, on the last Saturday of
January, March, May, Juiy, September and November, and one copy c f each issue is fur
nished to every subscriber of the C O M M E R C IA L & F IN A N C I A L C H R O N IC L E ,
No
single copies o f this Supplement are kept on sale either for subscribers of the C H R O N IC L E
or to others, as only a sufficient number is printed to mail one copy to each regular sub
scriber of the C H R O N IC L E ,
S u b *r rip O o n
to
ll««* C f t R 9 W C f , * 3 ,
in c lu d in g
b o th
H
P l ' t B t f K V T S , In * 1 0 * 0 0 p e r > « : a r
in I In ; U n i t e d S t u f f n a m i * 1 2 - 0 0 in K u r o p e , i u r l u t l l n t ; p » f * t « g « .
p s n t tn w i * .
t « Aot a t r a t # * - . *
L:
la th.-
ra w I
t,T
V u u n
I t . I M S v A C o ., !n o r t l « o f tu e b M a u U n o f C o n « iv ft » , W a s h in g t o n ,» . C.J
INVESTORS’ SUPPLEMENT.
a t p a r, a th in g th a t a t th e t im e
of
th e
1890
is s u e
w as
w as
a ls o
n o t p o s s ib le .
T h e
N ew
a c tu a te d
m e n ts w ith
w h ile
to
s c a r c e ly
p a y in g
s to c k i f
N ew
H aven
d e s ir e
pow er
been
t in u e
th e
to
&
H a r tfo r d
p a y fo r e x te n s iv e im p r o v e
t h e p r o c e e d s o f s t o c k s a le s .
th e
have
Y ork
by
B u t in it s ca s e ,
s e ll s t o c k a t p a r e x is t e d , i t w o u ld
fe a s ib le
d iv id e n d s
fo r th e
at
th e
co m p a n y to
con
o ld r a t e o n it s c a p it a l
t h is b a d b e e n a t o n c e in c r e a s e d b y $ 1 5 ,0 0 0 ,0 0 0 ,
th e a m o u n t o f
th e n o w
d e b e n tu re s .
The
fo u r
tra ck s
a n d o t h e r im p r o v e m e n t s t o b e o b ta in e d b y th e e x p e n d i
tu re o f
b r in g
t h is l a r g e s u m
g r e a tly
m a y r e a s o n a b ly
in c r e a s e d
fo r th e o u tla y w ill n o t c o m e , as
a d a y o r a yea r.
t a in
th e
e x p e c te d
th ey
o n ly
on
needed
A p r il
t h e r e a ft e r , in t o s t o c k a t
th e m a n a g e r s k n o w , in
by
1,
p a r.
o ile r to s t o c k h o ld e r s a t t h e ir
to
th e fu ll re tu rn
O n t h is a c c o u n t t h e y a r r a n g e d t o
m oney
c o n v e r tib le
be
e a r n in g s , b u t
m eans o f
1 9 0 3 , a n d fo r s ix ty d a y s
Th ese
d e b e n tu re s
fa c e v a lu e , a n d so
th e y
g iv e to
t h e s to c k h o ld e r s a ll d iffe r e n c e in v a lu e w h ic h m a y e x is t
in 1903 b e tw e e n
t h e p a r v a lu e o f t h e d e b e n tu r e s a n d th e
m a r k e t v a lu e o f th e s to c k .
A s th e s to c k h a s b e e n q u o te d
r e c e n t ly a b o v e 2 5 0 , t h e r i g h t t o s u b s c r ib e t o t h e d e b e n
tu r e s w a s v a lu a b le , w h ile t h e c o m p a n y o n th e o t h e r h a n d
has
te n
yea rs
in
w h ic h
to p re p a re fo r
d i v i d e n d c h a r g e - w h ic h t h e d e b e n t u r e s
e n ta il.
T h e cases o f
th e
w ill
S t e e l d e b e n tu r e s n e e d n o t b e d e s c r ib e d a t
it
n eeds
no
d e m o n s t r a t io n
a s s e c u r itie s o f
le n g t h , s in c e
in d u s t r ia l c o r p o r a t io n s , a n d th a t- o f
r a ilr o a d
q u it e d is s im ila r .
w o rth
a
reeen t
T h e o n e in s ta n c e
lo a n
L et
th e W is c o n s in
us
o ffic ia lly
now
b o n d s , a re
m e n tio n in g
sto c k
s t ill
s e lls
l o w , is
C e n tra l Im p r o v e m e n t b o n d s.
c o n s id e r
th e te rm s o f
e x p re s s e d , t a k in g
b e tic a lly .
th e
g r a n t in g c o n v e r s io n p r iv ile g e s , a ft e r
t h e o ld t im e m e th o d , w h ile t h e
th a t o f
Illin o is
t o s h o w t h a t t h e ir p o s it io n
o ld -fa s h io n e d c o n v e r t ib le m o r t g a g e
of
in c re a s e d
e v e n tu a lly
th e G e n e ra l E le c t r ic a n d
F ir s t w e h a v e th e
up
th e
O. B .
c o n v e r t ib ilit y as
c o m p a n ie s
a lp h a
& Q.
CHICAGO B U R LIN G T O N & QUINCY.
This company has outstanding convertible debentures for
$15,378,700, one half of which were issued in 1890, the re
mainder in 1893. A ll mature, however, September 1, 1903,
and are “ convertible at their face value into the capital stock
of the company at par” at any time p rior to December 1,
1902, except at times when the books are closed. The official
circulars respecting the loans add :
“ A t the, t im e o f such co n v e rs io n , a ll co u p o n s w h ic h h a v e n o t th en
b ecom e d u e m u s t he a tta c h e d to th e B onds, a n d o n a l l B on d s c o n v e r t e d
d u r in g th e m o n th s o f D e c e m b e r, J a n u a ry , F e b ru a ry , J u n e, J u ly and
A u g u st, th e C o m p a n y w il l p a y in ca sli, as an a d ju s tm e n t o f in te r e s t,
tlire e m o n tlis ’ in te r e s t a t tire B o n d r a t e {fiv e p e r c e n t,)”
The present custom of the Chicago Burlington & Quincy is
to pay its dividends quarterly on the 15th of March, June,
September and December, and to close the books for a week
or ten days at about the end of the calendar month pre
ceding that in which the dividend is paid. Since, then,
the books may happen to be closed throughout the last
week of November, 1903, bondholders who wait till just
before the date of maturity of the debentures to make the
conversion stand a chance of being as badly disappointed as
were the owners of the Lacrosse Division bonds of the St.
T‘aul road, of whom we spoke at the beginning of this article
—for the debentures cannot be converted while the books are
1losed, arid the books are liable to be be closed just when, one
might wish to make the conversion.
C H IC A G O
M IL W A U K E E
&
ST.
holder to surrender his investment for conversion until the
date of its maturity is at hand. Consequently, conversions
are postponed as long as possible, and sometimes, as we have
seen, are postponed too long.
W e give below a table of the bonds convertible into pre
ferred stock. A ll these bonds, with the exception of the small
consolidated loan (for §186,000} due in 1904, are convertible at
par at any time “ within ten days after any dividend shall
have been declared and become payable ” on the preferred
stock. In other words, so long as dividends on the preferred
are payable semi-annually on or about the 30th o f April and
October, the only opportunity of making the conversion will
be during ten days at or toward the close of A p ril and Octo
ber. W e emphasize this fact lest any be misled, as were the
Lacrosse Division bondholders.
The following are the bonds convertible into preferred
stock :
ob
d e b e n tu re s
P A U L .
Tliiscompany: has been pre-eminent for its use of convertible
bonds. The Lacrosse Division issue which matured in January
ia,t was put out in 1863, the §1,268,000 remaining unconverted
at maturity being the residue of a loan that once
amounted to $8,600,000. To-day the company has over 36
mdlions of bonds convertible into preferred stock. As it
happens that the preferred and all the bonds convertible into
tire same—exet pting- one loan of 7*8 per cent bonds—vield the
same interest- there ia net great inducement to the band,-
[ Vol , L V I,
Bonds Convertible into 'preferred stock.
I o w a & M in n e s o ta 1 s t 7s o f 1 8 6 7 ..............
P r a ir ie D u C h ien 2d 7 '3 s o f 1 8 6 8 .............
I o w a & D a k o t a 1 s t 7s o f 1 8 6 9 ....................
S t. P a u l o r K i v e r D iv . 1st 7 s o f 1 8 7 2 .........
C h ic a g o & M ilw a u k e 1st 7s o f 1 8 7 3 ..........
H a s t in g s & D a k o t a 7 s o f 1 8 7 2 ............... .
CM . M il, & S t , P a u l co n so l. 7s o f 1 8 7 4 .......
“
“
“
c o n so l, 7s o f 1 8 7 5 .......
I o w a & D a k o t a E x te r n 1 s t 7s o f 1878___
Date when
principal
matures.
J u ly 1, 1897
F e b . 1, 1898
J u ly 1, 1899
J a n . 1, 1902
J a n . 1, 1903
J a n ., 1903
1904
J u ly 1 ,1 9 0 5
J u ly 1,1 9 0 8
Amount
outstanding
March. 1893.
$ 3 ,1 0 6 ,0 0 0
1, ’ 33,0.10
5 4 0 .0 0 0
3.8 0 4 ,5 0 0
2,39 bOOO
69 ,0 00
188.000
11,299,000
3,505,000
N o t e , —T h e s e b o n d s, w it h t h e e x c e p t io n o f t h e $ 1 8 6 ,0C0 co n so ls
o f 1 8 74 , a r e a l l c o n v e r t ib le a t a n y t im e w it h in ten d a y s a ft e r a n y
d iv id e n d s h a ll h a v e b e e n d e c la r e d a n d b e c o m e p a y a b le o n t h e p r e f e r r e d - t h e co n so ls o f 18 74 a r e c o n v e r t ib le a t a n y t im e w it h in 15 d a y s
o f t h e d iv id e n d .
The conversion clause as expressed in the consols of 1875,
one of the issues mentioued in the table, is this :
“ T h e o b lig o r a lso a g r e e s t o t r a n s fe r t o t h e h e a r e r a t h is o p t io n te n
sh a res o f $1 00 each, o f its p r e fe r r r e d s to c k , a t a n y t im e w it h in te n
d a y s a ft e r a n y d iv id e n d s h a ll h a v e b e e n d e c la r e d a n d b e c o m e p a y a b le
o n s a id p r e fe r r e d sto c k , u p o n t h e d e liv e r y t o t h e o b lig o r in th e c i t y o f
N e w Y o r k o f th is b o n d a n d t h e u n m a tu re d co u p o n s.”
Besides the above there are §1,680,000 “ incom e” bonds of
1886 |interest on which is now obligatory] which are con
vertible into common stock at par “ at any time within 60
days after any dividend shall have been declared and become
payable on the stock of the company.”
E D IS O N E L E C T R IC IL L U M IN A T IN G OF N E W
YORK.
This company has outstanding 3 ^ millions of first mortgage
5s that possess a conversion clause which is decidedly inter
esting in it3 provisions, and that bids fair to receive consider
able attention during the next three years. In fact on the
30th of this month the stockholders w ill consider a proposition
to increase the capital stock to $10,000,000, in order to make
ready for the conversions which it is expected w ill accom
pany the proposed advance in the rate of dividends from. 5 to
6 per cent. W e quote below what is said in the bond respect
ing its convertibility. The right of conversion, the reader
w ill observe, has less than three years to ran, and can be ex
ercised on the 21st days of January and July up to and in
cluding the year 1895, provided that Dinety or more days
notice be given the company, and the bond be officially
stamped with a statement indicating that the notice has betn
given and that conversion is to take place. A fte r giving the
ninety days’ notice the bondholder has no option other than to
present his bond for conversion on .the next succeeding Jan.
31st or July 31st,
Further, “ if on or ad any time after said
dates, and after such notice,” the company shall fail to make
the conversion, the bondholder may require payment of his
bond at 130, or may insist on the conversion being made.
A fter 75 per cent of the outstanding bonds shall have been
converted the company may require the holders of the re
maining bonds either to convert them or to accept for them
ill, 100 m cash. The mortgage also reserves to the company
the right of creating non-convertiole bonds, but none of these
have thus far been soil. Altogether the provisions with re
spect to conversion are worthy of carefuLconsiderati -n.
The bonds contain the follow ing :
“ O n t h e t w e n t y - fir s t d a y o f J a n u a r y o r J u ly in a n y y e a r a ft e r 1892,
in c lu s iv e , a n d u p to a n d in c lu d in g t h e y e a r 1895, th e h o ld e r o f this
b o n d h a s t h e r i g h t t o c o n v e r t t h e sa m e in t o c a p it a l sto c k o f th e I llu m i
n a t in g C o m p a n y , a t p a r . a ft e r h a v i n g g iv e n th e n o tic e , a n d s u b m ittin g
t h is b o n d f o r th o e n d o r s e m e n t, i n t h e m o r t g a g e p r o v id e d , a n d in case
th e I llu m in a t in g C o m p a n y fa ils , o r is l e g a l l y u n a b le , t o m a k e such con
v e r s io n . th e p r in c ip a l o f t h is b o n d a n d o f a ll o t h e r b o n d s o f th e se ries
th e n o u ts ta n d in g is l i a b le t o b e c o m e im m e d ia t e ly d u e a n d p a y a b le
w it h a p r e m iu m o f t w e n t y p e r c e n t i n g o l d c o in , as a fo r e s a id , a d d ed to
t h e p a r t h e r e o f, a ll as m o r e f u l l y s e t fo r t h in th e m o r tg a g e . W h e n e v e r
s e v e n t y - fiv e p e r c e n tu m o f th e b o n d s o u ts ta n d in g s h a ll h a v e e x e r c is e d
t h e r ig h t o f c o n v e rs io n , th e I llu m in a t in g C o m p a n y m a y r e q u ir e the
h o ld e r o f th is b o n d t o e x e r c is e t h is r ig h t o r to a c c e p t p a y m e n t o f th is
b o n d w it h t e n p e r c e n t p r e m iu m a d d e d to th e p r in c ip a l, o r a t a u y tim e
a f t e r S e p t e m b e r 1,19 00, w h s fi l e r su ch s e v e n t y l i v e l i e r c e n tu m s h a ll h a ve
e x e r c is e d s a id r ig h t o r n o t, th e I llu m in a t in g C o m p a n y m a y p a y this
b o n d in. ca sh , w ith , t e n p e r c e n t p re m iu im & a d s d to- th e p r in c ip a l, a ll a s
INDEX.
March , 1893. J
is m o r e f a t l y se t fo r t li la th e m o r tg a g e s e c u r in g th is h o e d , to w h ic h
m o r tg a g e r e fe r e n c e is h e re b y m a d e fo r th e te r m s a n d c o n d itio n s r e
s p e c tin g sa id c o n v e rs io n a n d p a y m e n t Ut a l l re s p e c ts .
G E N E R A L
E L E C T R IC .
The General Electric has ontstasding 10 millions of deben
ture*, the holders of which have the option " at any time in the
usual course of business,” on written request therefor to the
company, to have their bonds exchanged for common stock,
receiving however only $100 in stock for every $180 o f princi
pal represented by the bonds; A t the present time such an
exchange would not be advantageous to the bondholders, but
seme of these days the option may become highly profitable.
The terms o f conversion, as officially stated, are as follows :
“ In e o n s ia e ra tio B o f th e a c c e p ta n c e o r p u rch a se o f t h e w ith in d e
b e n tu re born! !>'. th e h o ld e r t h e r e o f f o r th e t im e b e in g , t h e G e n e r a l
g v c t r i c ' o ia o a n v h e re b y a g r e e * w ith su ch h o ld e r t h a t i t w ill « M t
tim e , m th e u su al c o a r s e o f b tisln — .-. o n w r it t e n n o t ic e o f h is d e m a n d
t h e r e fo r , sa m e c e r t fie a t e * f o r n on a - re s s a b le fa ll- p a id co m m o n sto c k
o f the so n :p a n s to p a y m e n t f » r a n d r e d e m p t io n o f th e w tih in d e b e n
tu re b o n d , u p on U s s u r r e n d e r w ith a ll c o u p o n s n o t to o n m a tttro d . a t
t b s r a t e o f o n e s h a re o f such s to c k , at th e p a r v a lu e t h e r e o f (n a m ely
$!GO> ter e a c h a n d e v e r r e l 20 re p re s e n te d a t t o e t im e o f su ch r e d e m p
tio n hs th e p iin e lp a l o f th e w ith in d e b e n tu re h ot-d . a n d w ill a t th e
* # • « « tu n e p a y 1a ca sh a ll In t e r e s t thou d u e a n d u m u d iL X.. a d ju s tm e n t
o f {m e t ie r al l a t e r e us 1 M o ck in v o lv e d i*. a n y ea c h c o n v e r s io n o f <leb e o t u r e b o n d *. this c o m p a n y m a y a t It* o p tio n s a t is fy th e g a m e e it h e r
b y d a sh p . y u e n t o r b y d e liv e r y o f fr a c t io n a l s c r ip , re d e e m a b le in
s to c k , w h en p r e s e n te d t a a m o u n ts e q u a l t o e n t ir e sh ares.”
IL L IN O IS
STEEL.
The Steel Company’s r> cently-authorize 1issue of debentures
will not be convertible, hut the $#,200,000of debentures issued
in 1890 may be converted at any time at par, except when the
stock transfer books are closed, as appears from the following
extract from the bond :
" U la u n d e rs to o d and a g re e d ih a t th e h o ld e r h e r e o f sh a ll h a v e tb s
r ig h t a t any tim e b e fo r e th e p a y m e n t h e re o f, e x c e p t w h en t h e s to c k
t r a n s fe r k o o k * a r e c lo s e d , to su b s c rib e a t p a r f o r a n a m o u n t o f the
o n lean ed c a p it a l sto c k o f th i* c o m p a n y e q u a l t o th e p r i o r ip > m i ®
1
h e re o f, a n d t o e r e tu r n e e <hi* b o n d a t p a r f o r each a n a m o u n t o f M i d
e a p lt a l sto c k : a r e ru e d In t e r e s t d u e a t th e t im e o f « a c b e x c h a n g e t<> be
p a id tu ca sh h j t b i* c o m p a n y .”
N E W
YO R K
N E W
H A V E S
A
H A R TFO R D .
3
RAILROAD AND OTHER MAPS IN THE
SUPPLEMENT.
T h e r a ilr o a d m a p s in th e S u
pple m e n t
c o a l c o m p a n ie s ’ p r o p e r t ie s m a y
in d e x b e lo w .
Ch
r o n ic l e
a n d m a p s o f c e r ta in
b e re fe r r e d
to
e a s ily b y th e
T h e s e m a p s a r e p r e p a r e d w it h m u c h c a r e in th e
o ffic e , a n d a x e in t e n d e d t o s h o w a s c le a r ly a s p o ss
ib le t h e p r e c is e lo c a t io n o f t h e v a r io u s
a n d t h e ir s tr a te g ic p o s itio n
r a ilr o a d s r e p re s e n te d
i n c o m m a n d i n g b u s in e s s .
Ma p .
P aok.
A t la n t ic & P a c ific . Sec A tc h is o n T o p e k a A S a n ta F a . . . , ___ 8 , 9 , 10, 11
A tc h is o n T o p e k a & S a n ta F e ........................................................ 8, 9, 10, 11
B a lt im o r e A O h io .............................................................................................. 14
B a lt im o r e A O h io S o u th w e s te rn . See B a lt im o r e A O h i o ..................... 14,
B u ffa lo R o c h e s t e r A P i t t s b u r g ...................................................................... 18
C a n a d a S o u th ern . See N e w Y o r k C e n t r a l................................................ 9 4
24
C e n t r a lla A C h e s te r ..................... ................................. ............................ .
C e n t r a l P a c ific . See S o u th e rn P a e i f l o .........................................................135
C e n t r a l R a ilr o a d o f G e o r g i a ......................................................................... 21
C e n tr a l H R . o f N e w J e r s e y .............................
23
_ ,, * a
CMe.*e« B u rlin g to n . A Q u in c y .......................................................................
C*h1* * ” o1 A E a - t o r n m ttno u
TU n ois....................... ....................................................
f ic a g
C h ic a g o G r e a t W e s t e r n .................................. ...............................................
C h ic a g o M il w a u k e e A S t. P a a L ......................................................................
C h ic a g o A N o r th e r n P a c if ic ....... ........................................................ .......
C Itfc a g o A N o r t h w e s t e r n ................................................................................
C h ic a g o R o c k W a n d A; P a c if ic ......................................................................
C h ic a g o St. P a u l A K a n s a s C ity . See C h ic a g o A G r o a t W e s t e r n ___
C in c in n a ti H a m ilt o n A D a y t o n . ................................................ ..................
-8
i3 0
n
32
33
35
30
38
32
40
C le v e la n d A k r o n A W otnm hna...................................................................... 4 2
C le v e la n d C a n to n A S o u th e r n ................................................................... 4 4
C le v e la n d C in c in n a t i C h ic a g o A 8 t. L o u i s . ................................................. 4 5
C o lo r a d o M id la n d - See A tc h is o n T o p e k a A S a n ta F c ............................
C o lu m b u s B o o k in g V a l l e y A T o le d o ........................................................
C o lu m b u s S h a w n e e A B o o k i n g ............................................................. .
D e la w a r e A H u d s o n C a n a l C o .'s L in e s ................ ......................................
10
47
48
50
D e la w a r e L a c k a w a n n a A W e s t e r n ............................................. .......... .
52
D e n v e r A R io G r a n d e ............................................................. ........................ 5 4
D u b u q u e A B ienix C lt r . See I llin o is C e n t r a l . . . . ....................................... 66
The company’s circular respecting its convertible debentures
E a s t s h o r e T e r m in a l........................................................................................ 5 5
o f 1893 for $15,000,009 states that they are exchangeable at E lg in J o h « t A E a s t e r n ,................................................................. ................ 5 7
option of bolder “ on April 1, 1993, or within 6 t days there- E v a n s v ille A T e r r e H a u t e ..................... ..................... ................................... 59
after, and no longer,” for the company's stock at par. I f not F lin t A P e r. M a r q u e tte ................................................................................ 61
then exchanged they w i l l mature and be paid in cash April I , ! Galveston H a r r t » t m r g A S a n A n to n io See S o u th e rn P a e iflo ......... . 135
G r a n d R a p id s A In d ia n a . See P e n n s y lv a n ia R R —
............................ 112
1908. The right of conversion is here limited to so bn f
p e r io d t h a t i t w ill b e n o s u r p r is e i f w h e n
th e s ix ty d a y s e n d - ;
iDg May 30 , 1003, a r e p a w 1 a considerable n u m b e r o f t h e
debenture hot lers shall be found to have neglected to make
the comer-ion.
P H IL A D E L P H IA & READING.
The third preference incomes for about $3,080,000 are en
dorsed with the following, making them convertible into
common stock ;
** This bo n d h a v in g b e en Issu ed ta e x c h a n g e fo r o nr » - t !1 d * b o n d * o f
th e P h ila d e lp h ia A R e a d in g R K . C o. m a y . a i th e « * M tt a f th e o w n e r
t h e r e o f, b e s o o v e r t e d In to t h e co m m o n s to c k o f th e P itla d o lp h ia A
R e a d in g R R On.. o p e n t h e s u r r e n d e r t h e r e o f, w it h a lt c o u p o n s , prov t d e d th a t stick c o n v e rs io n sh a ll n o t ho m a te in a n y I n t e r v a l o f t im e
a# w o u ld e n a b le t h e h o ld e r h e r e o f t o o b ta in I n t e r e s t o n th is b o n d a n d
a d iv id e n d o n th e s to c k in t o w h ic h i t m a y tu; p r o p o s e d t o h e sonv e r to u , fo r th e sa m e p e r io d o f p liu e .”
W IS C O N S IN
C E N T R A L .
The improvement bonds of 1891 made jointly and severally
by the Wisconsin Central Company and the Wisconsin Centr » l R a ilr o a d C o m p a n y , a re c o n v e r t ib le in t o c o m n o n s to c k
a n y cou p on d a y , as
m a k e e v id e n t:
the f o l l o w i n g
q u o te d fr o m
the
bond
on
w ill
n i l a o l . C o n t r o l..... ............................................. ................................ . . . . . . . 6 6
K . m » a * C ity A in d e p e n d e n c e A i r L i a o . . . . .......... ..................................... 71
K a n s a s C it y N e v a d a A F o r t S m i t h ............................................................. 69
K a n s a s f ' l t v S u b u rb an B e l t ........................................................................ . 71
K a n a w h a A M ic h ig a n . See T o le d o A O h io C e n t r a l...................... ......... 139
K a n s a s C ity W a tk in s A G u l f . .................................................................... 73
I j t k * E r i e A W e s t e r n ......................................................................................... 74
L a k e S h o re A M ic h ig a n S o u th ern . See N e w Y o r k C e n t r a l.................. 94
L o u is v ille E v a n s v ille A 8t. L o u is. See E v a n s v i l l e A T e r r e H a u t e . . . 59
L o u l - r i l l c A N a s h v i l l e .........................
77
L o u is v ille N e w A lb a n y A C h ic a g o ........................ .............................. ....... 7 9
L o u is v ille S t. L o o t s A T e x a s ........................................................................... 81
M e x ic a n C e n t r a l....... ........
83
M ic h ig a n C e n tr a l. Nee N e w Y o r k C e n t r a l ............................................... 9 4
M in n e a p o lis S t r e e t R a i l w a y (S ee T w in C it y R a p id T r a n s i t )................101
M in n e a p o lis St. P a u l A 8. S t * . M a r ie ........................................................... 8 6
M is so u ri K a n s a s A T e x a s ................................................................................ 88
M o b ile A O h io ................................................................................................... 9 0
N a s h v ille C lia t t a n o o g a A St. L « n J » .................................... ......................... 92
N e w Y o r k C e n tr a l A H u d s o n R i v e r ....................... - ................................... 94
N e w Y o r k C h ic a g o A S t. L o u is. See N e w Y o r k C e n t r a l...................
94
N e w Y o r k O n ta r io A W e s t e r n .......................................... ............................ 97
N e w Y o r k S u sq u eh a n n a A W e s t e r n ................... ........................................ 99
N o r fo lk A W e s t e r n ................................................................
10 2 -1 0 3
‘ T h is bo n d is, a t t h e o p tio n o f t h e h o ld e r . c e n v e r U M e , w h e n a n d
o e b e o a p o n m a tu re * , in t o trovtee-eeriiflesfea lo t te n s h a re s o f the
............... ..
e e m m e a sto c k o f th e W is c o n s in C e n tr a l > o m n » u v,,and l* exchangeable
N o r th e r n P a e iflo .......................... ............................................. ..........* .......... 10 4
i a t o a se c o n d m o r t g a g e h o o d a t p a r. I f a n d w h e n e v e r e lth r o tEsa b! com
p a n ic * s h a ll e v e r ptaee. u p o n its p r o p e r t y a se c o n d m ot t g a g e
| O h io R i v e r .....................................................................
100
I O h io S o u th ern . ....................................
108
In addition to the loans already mentioned, there are two . O re g o n S h o rt L in e A U ta h N o r th e r n . See O n io n P a e i f l o ...................... 143
110
or three convertible lotos to which we may give a word. The ' P a d u c a h T e n n e s s e e A A la b a m a .................
I P e n n s y lv a n ia ...................
112
Central of Kew Jersey baa outstanding $401,000 debentures, P e o r ia D e c a tu r A E v a n s v ille . See E v a n s v ille A T e r r e H a u t e ......... .. 59
the rem oart of a 5 million dollar loan, which are convertible '
FenniiylVllnia B* aroad....... “ ..............-?,1?
into *iock “ at any tim e” * * “ until Jan. 1,19 *7.” They P h ila d e lp h ia R e a d i n g * N e w E n g la n d .................................................... 110
P it t s b u r g C in c in n a ti C h ic a g o A 8t. L o u is ..................................................118
mature May 1, 1988. The Belvidere Delaware also has a P it t s b u r g F o r t W a y n e A C h ic a g o . See. P e n n s y lv a n ia R a i l r o a d .........112
! P it t s b u r g S lw n a n g o A L a k e E r i e .................................................................. 120
$1,000,000 six per cent loan that is convertible into stock at
i Richm ond A D a n ville..................................................... ................ - — 122
par at any time prior to the maturity of the bonds in June, ; R io G r a n d e S o u th ern . See. D e n v e r A R i o G r a n d e ................................... 54
1902. Tee debentures of the Milwaukee & Lake- W innebago .“ '"iStds AUon*AT>ree
fauthoTized issue $1,000,000) are convertible on any cw pon St. L o u is C a p e G ira rd e a u A F o r t S m ith ..................................................... 129
8 t. L o u is A b a n F ra n c is c o , See A tc h is o n s y s te m ................................... 11
day into stock ; but it should be noted that only Nos. 1 to St. P a u l C ity . See T w i n C ity R a p id T r a n s it ........................................... 161
San
A
s P
JgO
300 are convertible into preferred stock, the balance being S h e nA n toon io V aA r ayn s aSee a sosr....................................- ........................... ....... 102
and ah
lle .
N
fo lk A W e s t e r n ...........................................
exchangeable for common. The Delaware RR., the Rich S io u x C ity A N o r t h e r n ................................ ...................................................133
S o u th ern P a c ific C o m p a n y ..............................................................................18 5
mond Fredericksburg & Potomac, and some other companies, T o led o A n n A r b o r A N o r th M ic h ig a n ........................................................ 137
139
also have convertible loans, but they are too small to be of T o le d o A O h io C e n t r a l................
T o le d o A O h io C e n tr a l E x t e n s io n ............................................................... 140
public interest. The Toledo Ann Arbor < : Or .n l Trunk ft* of T o le d o 8 t. L ou ts A K a n s a s C it y .................................................................... 141
S
T w in C it y R a p id T r a n s it .................................................................................101
1881 and the Toledo Ann Arbor & North Michigan 6s of 1881 U n io n P a c ific ................
1 *3
were at one time coim rtible, but the right has expired by U n ion P a c ific D e n v e r A G u l f ................................................................ ........ 14 5
V ir g in ia M id la n d . See R ic h m o n d A D a n v ille — ........................... ........ } j 1
limitation.
W is co n s in C e n tr a l C o m p a n ie s ...........................................................- ..........1 “ O
INVESTORS’ SUPPLEMENT,
4
[VOL. LVI.
INDEX TO COMPANIES—CONSOLIDATED, &c.
The names o f companies not given in the S u p p l e m e n t tables in their alphabetical order w ill be found in the Index below.
M any railroads have lost their original title by foreclosure or consolidation, w h ile others have been practically merged by
lease or by purchase o f their stock ; the names o f such companies are g iven below, together w ith the title o f the present
organization under w hich their securities m ay be found.
ham e
.
w il l
b
»
found
under
—
A d iron d ack A St. L a w ren ce............. M ohaw k A M alone
A k ron A Chicago Junotion.............. B altim ore A Ohio.
A lab am a C entral.............................. East Tenn. V irg in ia & G eorgia.
A lb a n y F lorida A N orth ern ............. Savannah A m en cu s A M ontgom ery.
A lb em a rle ,t R a leig h ........................W ilm in gton & W eldon.
A lle y E le v a te d ...................................Chicago & South Side R a p id Transit.
A m erican Dock A Im provem en t Co..Central o f N ew Jersey.
A m ericu s Preston & L u m p k in ....... Savannah A m ericas & M ontgom ery.
Ashtabula A- P ittsb u rg ., ............... rittsb u rg Y o u n g sto w n & A s h ta b u la .
A tch ison A Nebraska........................Chicago B u rlin gton A Quincy.
A tchison A P ik e’ s P eak.....................C entral B ranch U nion Pacific.
A tla n tic Coast L in e .......................... W ilm in gton A W eldon.
A tl. C. L in e St. John A Ind. R iv e r .. Jacksonville Tam pa & K e y W est.
A tla n tic A G reat W estern ................N e w Y o r k P en n sylvan ia & Ohio.
A tla n tio A G u lf................................. Savannah F lorid a & Western.
A tla n tic Mississippi & Ohio..............N o rfo lk & W estern.
A tla n tic & N orth w est....................... Canadian Pacific.
A tla n tic A P a cific............................. See A tchison System.
Augu sta & K n o x v ille ........................P o r t R o v a l & W estern Carolina.
B a ltim o re & Cum berland................ W estern M aryland.
B altim ore A H a n o v e r....................... W estern M aryland.
B altim ore & H arrisbu rg...................W estern M aryland.
B altim ore A N ew Y o r k ..................... B altim ore A Ohio.
B a ttle Creek A S tu rgis.....................L a k e Shore A M ichigan Southern.
B a y C ity A B attle Creek................... M ichigan Central.
B elfa s t & Moosehead........................ M aine Central.
B eliefon ta in e A Indiana................... C lev. Cin. Chic. & St. Louis.
B e lle v ille A Carondelet.....................St. Louis A lto n & T e rre Haute.
B e lle v ille A E ld orad o........................ St. Louis A lto n & T e rre Haute.
B e lle v ille & Southern n iin o is..........St. Louis A lto n A T e rre Haute.
B ell's G ap.......................................... Pennsylvan ia & N orthwestern.
B e lt R R . & Stock Y a r d .................... Indianapolis Union.
B lack R iv er A M o rristow n .............. Rom e W atertow n & Ogdensburg.
B irm ingham Equ ipm ent................. Kansas C ity Memp. A B irm in g h a m .
B lu ff P o in t Im p rovem en t................ D ela w are A Hudson Canal.
B oon e y ille B rid g e ............................. Missouri Kansas A Texas.
B oon e ville St. Louis A Southern___ Missouri Pacific.
B oston B arre A G ard ner................. Fitchburg.
B oston Clin. Fitch. A N e w B ed.......Old Colony.
B oston Concord A M ontreal.............Concord A M ontreal.
B oston H a rtfo rd A E rie ................... N ew Y o rk A N e w England.
B oston H oosac Tunmel A W estern ..F itch bu rg.
B oston Providen ce A F islik ill..........N e w Y o r k A N e w En gland.
B oston W inthrop A Shore................B oston R e v e re B each A L yn n .
B rook ly n A M ontauk....................... L o n g Island.
B ru nsw ick A C billicoth e................. Wabash.
B runsw ick A W estern......................Savannah F lo rid a A W estern.
B u ffalo A E r ie ................................... L a k e Shore A M ichigan Southern.
B u ffalo N ew Y o rk A Ph iladelph ia.-W estern N ew Y o r k A Pennsylvan ia.
B urlin gton A Missouri R iv e r ........... Chicago B u rlington A Quincy.
B usk Tu nnel..................................... A tchison Sys.—Colorado M idland.
C airo Arkansas A T e x a s .................M issouriPacific—St. L . I. M. A So.
C airo A St. Louis ........... ........ .........St. Louis A Cairo,
C airo Short L in e ............................... St. Louis A lto n A T e rre H aute.
C airo Vincennes A C h ica g o .............C leveland Cin. Chicago A St. Louis.
C aliforn ia A O regon ......................... C entral P acific.
Cam den A A m b o y ............................ U nited N ew Jersey.
C anada C en tral.................................Canadian Pacific.
C ape Girardeau Southw estern........St. L. Cape G irardeau A F o r t Smith.
C arbondale A Shaw neetow n........... St. Louis A lto n A T e rre H aute.
Cedar Rapids A C lin ton ................... B urlington Cedar Rapids A N o rth ’ n.
Cedar Rapids Io w a F alls A N. W . . .B u rlin gton Cedar Rapids A N o rth ’n.
C edar Rapids A M issouri R iv e r ...... Chicago A N orth w estern.
C en tral I o w a .................................... Io w a Central.
C entral W ashington......................... N orth ern Pacific.
C h arlottesville A R a p id a n .............. V irg in ia Midland.
Chattanooga R om e A Columbus
S avannah A W estern.
C h e s h ire ............................................ Fitchburg.
Chicago A A tla n t io ...........................Chicago A Erie.
Chicago A Calumet T erm in a l.......... Chicago A N orth ern Pacific.
Chicago Clinton Dubuque A M in n .. Chicago M ilw au k ee A St. Paul.
C hicago A G reat E a s te r n ................ P ittsb u rg Cin. Chicago A St. Louis.
Chicago A G reat W estern ................Chicago A N orth ern Pacific.
Chicago & Indiana C oa l...................Chicago A Eastern Illinois.
Chicago Kansas A N eb ra sk a ........... Chicago R ock Island A Pacific.
C hicago A M ichigan Lake S h ore.... Chicago A W est M ichigan.
Chicago M ilw aukee A N. W ..............Chicago A N orthw estern.
Chicago <y M ilw aukee.......................Chicago A N orthwestern.
Chicago A N orth M ichigan.............. Chicago A W est M ichigan.
C hicago A P a c i f i c . . . . . . ........ ........... Chicago M ilw aukee A St. Paul.
Chicago Santa F e A C aliforn ia........A tchison Topek a A Santa Fe.
C hicago & St. L o u is......................... A tchison Topeka A Santa Fe.
C hicago St. Lom e A N ew O rlea n s.. .Illin o is Central.
C hicago St. Louis A Paducah.......... St. Lou is A lto n A T e rre Haute.
Chicago St. Louis A P ittsb u rg ........ P ittsb ’r g Cincinnati Chicago A St. L.
C hicago St. Pau l A Kansas C ity ... Chicago G reat Western.
Chicago f t P a u l A M u m .................Chicago St, Pau l Minn. A Omaha.
Chioago A Southwestern.................Chicago R ock Island A Pacific.
Chicago A S p n n glicld .......................Illin ois Central.
C hicago A T o m a n ...
.....................Chicago A N orthwestern.
C hicago W isconsin & M innesota— W isconsin Central Co.
C incinnati & B altim ore.. .............. B altim ore & Ohio Southwestern.
C incinnati H a m i’ton & Indianapolis.Cincinnati H am ilton & Dayton.
C incinnati Ind. St. Louis A Chicago.Cleveland Cin. Chic. A St. Louis.
C incinnati L a fa y e tte A C h ica g o ....C le vela n d Cin. Chic. A St. Louis.
ro ™ V ma , § icllm oud A Chicago
P ittsb 'rg Cincinnati Chicago A St. L.
C in cin n ati Sandusky A C levelan d. .C leveland Cin. Chic. A St. Louis.
o w < nna, - S o u t h e r n . .
o
t
............. C in cin n atiN ew Orleans A T e x . Pac.
r s o M o !!? !! w
* ™ o h ig a n ...... C leveland Cin. Chic. A St. Louis.
fn&SkSSni! ^
B altim ore.......... B altim ore & Ohio Southwestern.
S
,
1 Caro lin a ...... Richm ond A D anville.
p a r t e d & Jefferson-.; - - - ..............Pennsylvan ia A N orthw estern.
C lea rfield Bituminous C oal.............. Beech Creek.
/"•wl'ln!!!! ^ C a n t o n . .
. ... C leveland Canton A Southern.
C levela n d Columbus Cm. A in d .___ C leveland Cin Chic A s t Tonis
m™rawaa V - & w iiceling. C leveland Lora in A Wheeling.
A J rKV - .............................. Northern Pacific.
c ^ r ol
™ i ............................. U nion.Pacific D en ver A Gulf.
X o n m ia l, t
i ........................... Seo A tchison “ System .”
Colorado l t e b b ^ 1 ......................... Charlotte Columbia A Augusta.
C olora do b S
i ™ , ........................Internation al A Great N orthern.
1 ou ..........................Colorado F u el A Iron.
" ' V r ; ; .................Colorado F u el A Iron.
Columbus < H ockin g V a lle y ............ Columbus H ockin g V a lie v & Toledo
k
&
Concord & M ontreal.
8t “
Connecticut W estern ........... ............ H a rtfo rd & ConnecticutW estem .
NAME.
W ILL BE FOUND UNDER—
C onsolidated T e rm in a l R a ilw a y ...... K ansas C ity Suburban B elt.
Consolidated V erm o n t.....................C entral o f Verm ont.
C orning C ow anesque & A n tr im ...... F a ll B rook.
Coshocton & Southern...................... C leveland C anton & Southern.
C ovin gton & L e x in g to n ...................K en tu ck y Cent.—L o u isv ille & Nash,
C urrent R iv e r ....................................Kansas C ity F o r t S cott & M em phis.
D a k o ta C en tral.................................C hicago & N orth w estern .
D a kota & G reat Sou thern................ Chicago M ilw a u k ee & St. PauL
D allas & W a c o ................................... M issouri K ansas & Texas.
D anbu ry & N o r w a lk ........................ N e w Y o r k N ew H a ven & H a rtfo rd .
D a n ville & G rap e C reek................... Chicago & E a st Illinois.
D a n v ille & W e stern ......................... R ichm ond & D a n ville.
D a yto n F o r t W ayne & C hicago...... Cincinnati D a yton & Iron ton
D e B a rd e le b e n ................................... Tenn. Coal & Iro n (M iscelJ
D elano L a n d .....................................L eh igh V a lley .
D en ver P a c ific ................................. U nion Pacific.
D en ver & R io G rande W e s t e r n ...... R io G rande W estern.
D en ver T exa s & F o r t W o r t h .......... U nion P a cific D en ver & G ulf.
D en ver T e x a s & G u lf........................U nion P a cific D e n v e r < Gulf.
fc
D es M oines & M in n esota .................Chicago & N orth w estern.
D e tro it & B a y C ity ..........................M ich igan C entral.
D e tro it M on roe & T o led o ..................L a k e Shore & M ichigan Southern.
D uck R iv e r ........................................N a sh ville C hattanooga & St. Lou is
D u luth & M a n itoba .......................... N orth ern Pacific.
D uluth Short L in e ........................... St. P a u l & Duluth.
Dutchess C ou nty.............................. P h ila . R ead in g & N e w England.
E a s t L in e & R e d R iv e r ..................... M issouri Kansas & Texas.
E astern o f M assachusetts................B oston & Maine.
E astern o f M in nesota....................... G rea t N orthern.
E aston & A m b o y .............................. L eh igh V a lley .
E liza b eth to w n L ex in g . & B ig Sandy.Chesapeake & Ohio.
E r i e .....................................................N e w Y o r k L a k e E rie & W estern.
E scanaba & L a k e Su perior...............Chicago & N orth w estern.
E u ropean & N orth A m e ric a n ......... M aine C entral.
E v a n s v ille & C ra w fo rd sville........... E v a n s v ille & T e r re H aute.
E v a n s v ille H en derson < N ash ville. .L o u is ville & N ash ville.
fc
E v a n s v ille R o ck fo rd & E a stern .......L o u isv ille E v a n s v ille & St. Louis.
F a r g o & Sou thern............................. Chicago M ilw a u k ee & St. Paul.
F lo rid a R a ilw a y & N a v ig a tio n ........ F lo rid a C entral & Peninsular.
F lo rid a S ou thern............................... J a ckson ville Tam pa & K e y W e s t
F o r t Sm ith & V a n B u ren B rid g e ___ A tch ison Sys.—St. L o. & San F ran
F rem on t Elkhorn & M issouri v a l...C h ic a g o & N orth w estern.
F u lto n E le v a te d .................................Bangs C ounty E leva ted .
G ran d Rapids L a n sin g & D e tr o it___D e tr o it Lan sin g & N orthern.
G ran d R a pid s N e w a y g o & L . Shore. Chicago & W est M ichigan.
G rand R iv e r V a lle y .......................... M ichigan C entral,
G ree n ville & Colum bia.................... Columbia & G reen ville.
H a r le m & P o rtc h e s te r ..................... N e w Y o r k N e w H a v e n & H a rtfo rd .
H astings & D a k o ta ........................... Chicago M ilw a u k ee & St. Paul.
H elen a & R e d M ountain................... N orth ern Pacific.
H e r e fo r d ............................................ M a in e C entral.
H o lly W a yn e & M on roe................... F lin t & P e r e M arqu ette.
H o ly o k e & W estfield ..........................N e w H a v e n & N ortham pton.
H ou sa ton ic..........................................N e w Y o r k N e w H a v e n & H a rtfo rd .
H um eston & S h en an doah ............... Chicago B u rlington & Quincy.
H u n tin b u rg T ell C ity & C an n ellton .Lou isv. E v a n sv. & St. Lou is Consol.
H u n tin gton & B ig S a n dy..................Ohio R iv e r.
Illin o is M id lan d..................................T e r re H au te & Peoria.
Illin o is & St. Lou is _ ......................L o u isv ille E van sv. & St. L. Consol
_
In d ia n a B loom in gton < , w estern ___P e o ria & Eastern.
v
In d ia n a & L a k e M ich igan ................T e r re H au te & Indianapolis.
Indianapolis Cin & L a fa y e tte ...........C levelan d Cin. Chic. & St. Louis.
Indian apolis D ecatu r & Springfield ..Ind ian ap olis D ecatu r < W estern.
fc
Indian apolis & St. L ou is................... C levelan d Cin. Chic. & St. Louis.
jo n ia & L a n s in g ................................ D etro it La n sin g & N orth ern.
Io w a C ity & W estern ....................... B u rlin gton Cedar Rapid s & N orth ’ n.
Io w a & D a k o ta ..................................Chicago M ilw a u k ee & St. Paul.
jo w a F a lls & Siou x C ity ....................Dubuque & Sioux City.
Io w a M id lan d .................................... Chicago & N orth w estern.
jo w a & M in n esota ............................. Chicago M ilw a u k ee & St. P a u l
Ja ck son La n sin g & S a g in aw ........... M ich igan C entral.
J a ck son ville Sou theastern...............Chicago P e o r ia & St. Louis.
Jackson ville L o u is v ille & St. L ou is.C h icago P e o ria & St. Louis.
James R iv e r V a lle y .......................... N orth ern Pacific.
Jam estow n & F ra n k lin ..................... L a k e Shore & M ichigan Southern.
Jefferson M adison & In d ia n a p o lis ..P itts b u rg C incinnati Chic. & St. L.
J o lie t & C hicago................................ Chicago & A lton .
Junction & B rea k w a ter................... D ela w a re M a rylan d & V irgin ia.
K a la m a z o o A lle g a n & Gr. R a p id s ..L a k e Shore & M ich igan Southern.
K a la m a zoo & South H a v e n ............ M ich igan Central.
K a la m a zoo < W h ite P ig e o n ............. L a k e Shore & M ichigan Southern.
fc
K a n a w h a & O h io ............................. K a n a w h a & M ichigan.
Kansas & A rk an sas V a lle y ............. M issouri Pac. (St. L. I. Mt. <fe8o.)
Kansas C ity & B ea tric e...................K ansas C ity W yan dotte & N.
W.
Kansas C ity F o r t Scott & G u lf........ Kansas C ity F o r t Scott & Memphis.
Kansas C ity & M em phis R y . B ridge.K a n sa s C ity F o r t Scott & Memphis.
Kansas C ity & O m aha.......................St. Joseph & G ran d Island.
Kansas C ity St. Lou is & C hicago___ Chicago & A lton .
Kansas C ity Southeastern & M em p.K an sas C ity F o r t S cott & Memphis.
Kansas C ity < Sou thw estern...........A tchison Sys.—St. L. & San Fran.
fc
Kansas C ity Sprin gfield & Mem phis.Kansas C ity F o r t Scott & Memphis.
KansasC ity Top ek a & W e stern .......A tch ison T opek a & Santa Fe.
Kansas E qu ipm en t........................... Kansas C ity F o r t Scott < Memphis.
fc
Kansas M id lan d ................................. A tch ison Sys.—St. L. & San Fran.
Kansas & M issou ri.............................K ansas C ity F o r t Scott & Memphis.
Kansas P a c ific ................................... U nion Pacific.
K eith sb u rg B r id g e ............................Io w a C entral.
K e n tu c k y C en tra l............................. L o u is v ille & N ash ville.
K n o x & L in c o ln ................................M aine Central.
K n o x v ille & O hio...............................E a st Tennessee V irg in ia & G eo rg ia
K n o x v ille Sou thern......................... M a rietta & N orth G eorgia.
Lackaw ann a & Sou th w estern ..........C entral N . Y . & W estern.
L a ck a w a n n a & Susquehanna......... D ela w a re & Hudson.
L a n ca ster & R e a d in g ........................Read in g & Columbia.
L a w re n c e ............................................Pittsbu rg Y ou n g stow n < Ashtabula.
fc
L eeds & F a rm in g to n ......................... M aine Central.
L eh igh & Susquehanna.................... L eh igh Coal & N a v ig a tion .
L e r o y & C an ey V a lle y ..................... Missouri Pacific.
L in coln & N o rth w e stern ................... C hicago B urlin gton & Quincy.
L in coln P a rk & C h a rlo tte................ Buffalo R ochester & Pittsbu rg.
L it tle R o ck Ju nction........................M issouri P acific.
L it tle R o ck & F o r t Sm ith..................Missouri Pacific.
L o n g B ranch & Sea Shore................ C entral N e w Jersey.
L o n g D ock C om pany........................ N e w Y o r k L a k e E rie < W estern.
fe
L o n g Isla n d C ity & F lu sh in g.......... L o n g Island.
Lou isiana & M issouri R iv e r ............Chicago < A lton .
fe
I ou isville Cincinnati & L e x in g to n ..L o u is v ille & N ash ville,
INDEX.
Ms ROB, 18$8.J
S A J IS .
'T IL L BK FOUND tJSDEB—
L o u is v ille H a rd in s b u r g A W e s t e r n ..L o u is v ille S t L o u is & T e x a s .
L o u is v ille N e w O r le a n s * T e x a s -----U lln o te C e n tr o ).
L o u is v ifle A St. L o u is .......................... C h ica g o P e o r ia A 8 t. L o u is.
L o w e ll A L a w r e n c e . ............................ B oston & L o w e l l .
M a c o n A A u g u s t a ............................... G e o rg ia R R . A B a n k in g Co.
M a h o n in g C o a l..................................... L a k e S h o re A M ic h ig a n S o u th ern .
M a n ito b a Sou th w e s t 'tiC o io n ix a tio n .C a iiK U a n P a c ific .
M a r ie t t a C olu m b u s A N o r t h e r n ....... T o le d o A O h io C e n t r a l E x te n s io n .
M a r ie t ta M in e r a l................................. T o le d o A O h io C e n t r a l E x te n s io n .
M a p le E lv e r .......................................... C h ica g o & N o r th w e s te r n .
M a rq u e tte H o n g t o n A O n to n a g o n ... D u lu th S o u th S h o re i t A t la n t ic .
M a r y la n d C e n t r a l— ................... .B a lt im o r e A L eh igh .
M a s s a w lp n i......................................... Canueet-ient A P a ssu m p sle.
M a t i v U l e A L e x in g t o n ..................... K s u tu e k y C e n t r a l.—L o u is . A S a sls.
M c K e e s p o r t & B e l i e f e r n o u . . ...........f l a s h . M c K e e s p o r t A Y o u g h io g U a a y
M e m p h is C la r k s v ille & L o u is v ille . . D u G v ill© A N a s h v ille .
M e m p h is E q u ip m en t...........................K an sas C it y M e m p h is A B ir m in g 'm .
M e m p h is K a n sa s A C o lo r a d o ............ K a n s a s C ity P o r t S c o tt A M em ph is.
M e m p h is A O h io .................................. L o u is v ille A N a s h v ille .
M e rc h a n ts ’ B r id g e ............................... St. L ottie M e r e h 'U ' B r id g e T e r . R E .
M e n o m in e e R iv e r .................................C h ic a g o <k J M t n w t e n .
M e tr o p o lita n E le v a t e d ..................... M a n h a tta n E le v a te d .
M e tr o p o lita n F e r r y ..............................L o n g Is la n d .
M ic h ig a n A ir L in e ............................... M ic h ig a n C e n tra l.
M ic h ig a n <fc O h io ................................. C in cin n a ti J a ck s o n A M a c k in a w .
M id la n d o t I n d ia n a .......... ..................C h ic a g o .m d ffo u th e a -te rn .
M id la n d o t N e w J e r s e y ...................... X% .* Y o r k S u sq u eh a n n a * W estern .
.'
M ilw a u k e e A M a d is o n ...................... C h ic a g o A N o r th w e s te r n .
M ilw a u k e e A N o r th e r n .......................C h ic a g o M ilw a u k e e k St. P a u l.
M in n e a p o lis A D u lu t h ...................... . M in n e a p o lis A S t Lou ts.
M in n e a p o lis A P a e ifie ........................ M ia u eu p . St. p . A S a u lt a te . M a rie.
M iu n e a p . S a u l; Ste. M a r ie A A H ’ tte . M in n e.jp. St. P. A S a u lt S te. M a rie .
M in n e a p o lis U n io n .............................. G r e a t N o rth ern ,
M in n e s o ta C e n t r a !....... ....................... C h ic a g o M ilw a u k e e * S t P a u l.
M in n e s o ta A N o r t h w e s t e r a ,............. C h ic a g o G r e a t W e s te rn .
M in n e s o ta St. C r o ix A W is co n s in . .W isco n sin C e n tr a l C o m p a n y .
M in n e s o ta V a lle y .................................C h ic a g o A N o rth w e s te rn .
M D s isq u o i V a lle y ..................................C e n t r a l V e rm o n t,
M is sis sip p i R iv e r B r id g e ......... ..........C h ic a g o A A lto n ,
M is so u ri K a n s a s A E a s t e r n . ....... .. M is so u ri K a n s a s A T e x a s .
M is s o u ri V a lle y A B l a i r K B . B r id g e , C h ic a g o A N o r th w e s te r n .
M is so u ri A W e - t e r n ............ ......... ........Vt e h U o u S y s t e m —e t . L . A P. F ra u .
M o n o n g a tu d a R i v e r ............................. B a ltim o r e A O hio.
M o n ta n a C e n t r a l..................................G r e a t N o r th e r n .
M o r r is C a n a l...................... .................. L e h ig h V a lle y B E .
M u s k e g o n G r a in ! Rapid.-, A In d ia n a .G r a n d Rapid.# A In d ia n a ,
N a s h u a A L o w e ll................................ B oston A L o w e ll.
N a s h u a A R o c h e s te r ........................... W o r c e s te r N a s h u a & R o ch e ster.
N e b ra s k a ..................
C h ic a g o B u r lin g to n A Q u in cy.
x. ■ fa*! t.l ft . -te rn ....................
< .t, - c\.. .
,>
N e w A lb a n y B e lt A T e r m i n a l ......... K e n t u c k y A In d ia n a Bridge.
O ld C o lo n y .
N e w B r u n s w ic k —
....... .
.C a n a d ia n P a cific.
N e w b n r g & N e w Y o r k .......................N e w Y o r k L a k e E rin A W e s te rn .
N e w c a s t l e A s fh e n a u g o V a l l e y .........N e w Y o r k P e n it e y lv a u la A O h io.
g e * ' H a v e n A D e r b y ................... . . .N e w Y o r k N e w H a v e n A H a r t fo r d .
N e w J e r s e y M id la n d ....................... ...Sew Y o r k S u sq u eh a n n a A W e stern .
N e w J e r s e y S o u th e rn — .....................C e n tr a l o f N e w J e r s e y .
N e w M e x ic o A Soirtinsrn Paetfie........ A l e U a n T o p e k a A S a n ta Pc.
N o w O rlea n s A G u l f .............. ............ N e w O rle a n s A Sou th ern .
N o w O rle a n s a M o b ile . ...................... L o u is v ille A X a s h v flle .
N e w O rle a n s P a c ific ...........„ .............T e x a s A Pac’ liicN e w p o r t * R ie h fo r d ...........................C o n n e c tic u t A PtU M om ptlc.
N e w t o w n A F lu s h in g .. ............ ......... L o n g Isla n d .
N e w Y o r k E le v a t e d ....... ....................M a n h a tta n E le v a te d .
N o w Y o r k A M l .................................N e w Y o r k L a k e E rin A W e stern .
N e w Y o r k A L o n g B r a n c h ................. C e n t r a l o f N e w J e r s e y .
N e w Y o r k A M a n h a tta n B e a c h ......... X . Y . B r o o k ly n A M .vahat. B ea ch .
N e w Y o r k P r o v id e n c e A B o s t o n . . . . N e w Y o r k N e w H a v e n A H a r t fo r d .
S e w Y o r k A O s w e g o M id la n d .........N o w Y o r k O n t a r io A W e stern .
N e w Y o r k A R o c k a w a y ..................... L o n g Is la n d .
N . Y . W e o d h a v r n * i t o c k a w a v .........N e w Y o r k A R o c k s w a y B ea ch .
N o d a w a y V a l l e y ...................................K a n . C ity S t. Jos. a C o u n cil B lu ffs .
N o r fo lk A P e te r s b u r g ..........................N o r fo lk A W e stern .
N o r fo lk S o u th e r n ............................ . . .N o r f o lk A S ou th ern .
N o rth e rn I llin o is ................................C h ic a g o A N o r th w e s te r n .
N o r th M isso u ri ............... .............. ..W a b a s h .
N o r t h S h o re ....... ........................ .......... C a n a d ia n P a d tie.
N o r th W is c o n s in ............................... ..C h ic . St. P a u l M in n . A O m ah a.
N o r th e r n P a c ific A M a n it o b a T e r . , . N o r th e r n P a c ific .
N o r th e r n P a c ific A M o n ta n a .............N o r th e r n P a c ific
N o r th w e s t e r n G ra n d T r u n k ............C h ic a g o A G r a n d T r u n k .
N o r th w e s t e r n N o r th C a r o lin a .......... R ic h m o n d A D a n v ille
N o r th w e s t e r n U n io n .. . . . . . . — .. .. .C h ic a g o A N o r th w e s t e r n .
N o r t h w e s t V ir g in ia ............................. B a lt im o r e A M o .
N ew B e d fo r d R a ilr o a d .. . ........... .—
O c e a n S te a m s h ip ....................... .........C en t. R R . A R a n k in g C o. o f G e o r g ia
O w te n s ln ir g T r a n s it ........................... G g d r u s b n rg A L a k e r i m n ip la in .
O j " p m t t o l . ................................... T o le d o A Ohio c o n tr o l.
O h io In d ia n a A W e s te r n ____. . . . . . . . . P e o r i a A E a stern .
O h io A N o r t h w e s t e r n ......................... C in c in n a ti P o rts m o u th A V ir g in ia .
g>jio.A W e st V ir g in ia ................ . . . . . . C o l . H o c k in g V a lle y * T o le d o .
O m a h a A S o u th w e s te r n ......................C h ic a g o B u r lin g t o n A G o l f e r .
O n ta r io A Q u e b e c ...................... .........C a n a d ia n P a cific,
O r e g o n M i n t L in e ............................... <ir e g o n S h o rt L in e A U ta h N o rth e rn .
» * * < A R o m e . . . . . . .......... ........ .. .R o u t e W a t e r t o w n A O g d e n s b u r g
O t ta w a O s w e g o A F o x R i v e r . , . . . . . . < h ir a g o B w r t in g t o n * Q u in c y .
O ttu m w a C e d a r F a lls A St. P a u l... .C h ic a g o A N o r th w e s te r n .
O x fo r d A C la r k s v ille ........................... R ic h m o n d A D a n v ille .
P a c i f ic C o a s t............................. .......... O r e g o n Im p r o v e m e n t Co.
'
»< M is s o u r i.............................. M i-s o u ri P a c ific .
P a c ific S h o r t L i n e
................. . . S io u x c i t y O 'N e ill A W e stern .
P a d u ca h A K llx a t e d b t o w n ................. C te ivm p te& o O M o A. S o u th w e s te rn ,
............ ........ .C h ic a g o A N o r th w e s t e r n .
P e n in s u la r (M ic h ).
P e n n s y lv a n ia A N. 1. C a n a i............. L e h ig h V a lle y .
P e n o b s c o t S h o re IJ n e ........................ M a in e C e n tr a !
P e p « « l » A A t la n t ic ............ ............. L o u is v ille A N a s h v ille .
P h ila d e lp h ia M a r tto n A M e d fo r d .. C a m d en A A t la n t ic .
P itts b u r g C in c in n a ti A (R . L o u is .. .. P i t t s , d n n . C h ic. A St. L o u is.
S i t ! - i O o u n eU a vlIto ........... . . . B a lt im o r e A O h io.
Pittsfield : A N o r th A d a m s ..................B o s to n A A lb a n y .
P le a s a n t K i l l * D e fiO to . .................. K a n s a s C ity C lin to n A S p rin g fie ld .
r , ° n , n u n P « ^ N o r t h w e s t e r n ........... F lin t A F e r e M a r q u e tte
.........................M a in e C en tra l.
P o r t la n d A Q p t e n s t m r g ..................... M a in e O en te a t.
Pfu-tem onth (t r e a t P o lls A C o n w a y B o s to n A M a in e.
P r a ir ie d o C tiie n ....................................C h ic a g o M ilw a u k e e A S t. P a u l.
Q u in c y A lto n A Stt. Ig irii*..................C h ic a g o B u r lin g t o n A Q u in c y .
» o v C T ?w o o d B » « M » r A G le n v lilo ..O h io R iv e r .
g f f W S y ? ^ X v 7 ..... -L............. .
C h ic a g o B u r lin g to n A Q iilu o y .
1 * ■ * M» c b u « a t t » .........N e w Y o r k A N e w E n g la n d .
R ic h H ill. .
...................... ............... K a n s a s C it y F o r t B coM A M em p h is.
SXMS.
WILL BE FOUND tJNDEH—
R ic h m o n d A A l l e g h a n y ..................... C h e s a p e a k e & O h io.
R ie h m o n d Y o r k R i v e r A C h e s a p e a k e . R ic h m o n d A D a n v ille .
R o c h e s te r A P i t t s b u r g .........................B u ffa lo R o c h e s t e r A P it t s b u r g .
R o m e A C a r r o llt o n ................................S a v a n n a h A W e s te rn .
-S,.ialnaw a W e s t e r n ............................D e t r o it L a n s in g A N o r t l w r a .
S t. C h a rle s B r i d g e ............................... W a b a sh .
St. J o s e p h A I o w a .................................C h ic a g o R o c k I s la n d A P a cific.St. J o s e p h A W e s t e r n ....................... .. S t . J o s e p h A G r a n d Is la n d .
St. L a w r e n c e A O t t a w a ...................... C a n a d ia n P a c ific .
S t L o u is A l t o n A S p r in g fie ld ...........S t L o u is C h ic a g o A S t, P a u l .
S t L o u is A rk a n s a s A T e x a s .............. 8 t L o u is S o u th w e s te rn .
St. L o u is B r id g e A T u n n e l..................T e r m in a l A s s o c ia tio n o f St. L o u is
S t L o u is A C h ic a g o .............................. N o r th A S ou th R R . o f I llin o is .
St. L o u is C o u n c il B lu ffs A O m a h a .. .W a b a s h .
St. L o u is ir o n M o i t n f n A S o u th e r n ..M is s o u r i P a c ific S y s te m .
8 k L o u is J a c k s o n v ille A C h ic a g o ___ C h ic a g o A A lt o n .
S t. L o u is K a n «u s C ity A N o r th e r n .. .V a b a s h .
S t. L o u ts K a n s a s & S o u t h w e s t e r n .. .A t e li. S y s te m , S t. L o u is A S a n F r a n ,
St. L o u is S a lem A A r k a n s a s ............. A tab. S y s te m , S t L o u is A S a n F r a n
S t. L o u is A S a n F r a n c is c o ................ .S e e A t c h is o n “ S y s t e m ."
St. L o u is S o u th e rn ............................... St. L o u is A lt o n A T e r r e H a u te .
St, L o u is W ic h ita A W e s t e r n .............A t c li. S y s t e m ,S t L o u is A S a n F r a n .
St. P a u l E a s te rn G r a n d T r u n k ......... M ilw a u k e e L a k e S h o re A W e s t e r n .
St, P a u l M in n e a p o lis A M a u ito b a .. G r e a t N o r th orn .
S t. P a u l A P a c i f i c ................................ G r e a t N o r th e r n .
St, P a u l A S io u x C i t y .......................... C ld c , S t P a u l M in n , A O m ah a.
St. P a u l S t illw a t e r A T . r ................. C h ic. 8c. P a n ! M in n . A O m ah a.
S a n d u sk y D a y t o n A C in c in n a t i....... C in c in n a ti S a n d u sk y A C le v e la n d *
S a lem A L o w e l l ......... .........................B o sto n A A lb a n y .
S a n fo rd A L a k e E u s t is ......................J a c k s o n v ille T a m p a A K a y W e s t ,
Situ J o a q u in V a l l e y . . . ........................ C e n t r a l P a c ific .
s o u P a b lo A T u l a r e ..............................N o r th e r n (C a lifo r n ia ).
S a n d u s k y A C olu m b u s s h o r t L in © ..C o lu m b u s S h a w n e e A- H o c k in g .
S a u it S t . M a r ie A S o u th w e s te r n ....... t i t l e . St. 1*. M in n e a p o lis A O m a h a 1
’
S a v a n n a h A A t la n t ic .......................C o n tro l o f G e o rg ia .
S a v a n n a h A lb a n y A G u l f...................S a v a n n a h F lo r id a A W e s te rn .
S a va n n a h A C h a rle s to n .......................C h a rle sto n A S a v a n n a h .
S c h e n e c ta d y A D u a u e a b n r g .............. D e la w a r e A- H u dso n .
S c h u y lk ill R i v e r E a s t S id e —
.........B a lt im o r e A O h io.
S c io to V a lle y A N e w E n g la n d ...........N o r fo lk A W retu rn .
S eab o ard A tr L in - . —
...................S e a b o a rd A R o a n o k e .
S e a ttle A N o r th e r n ...............................O r e g o n Im p r o v e m e n t .
S h a w n e e A M u sk in g u m R R .............. C o lu m b u s .S haw nee A H o c k in g .
............. B ir m in g h a m S h e ffie ld A T eu u . R i v e r ,
Sln-flluM A B ir m in g h a m —
S h e n a n d o a h V a l l e y ............................. N o r fo lk A W e s te rn .
S h e rm a n D e n is o n A D a l l a s ............ M is so u ri K a n s a s A T e x a s .
s h o r t C r e e k A J o p lin ......................... K a u n a s C it y F o r t S c o tt A M e m p h is .
S to o x C ity A P a c i f i c ............................C h ic a g o A N o r th w e s te r n .
S h r e v e p o r t A H o u s to n .....................H o u s to n A S h r e v e p o r t.
so rd tk ta w n A P o r t J e ffe r s o n ............. L o n g is la n d .
8odu.. B a y A S o u th ern ..................... E lm ir a A L i k e O n ta rio .
S o n o r a ..................................................... A tc h is o n T o p e k a A S a n ta F e .
s o u th G e o r g ia A F lo r id a .....................S o v u n u a b F lo r id a A W e s te r n ,
S ou th S id e iV a .l .................................. N o r fo lk A W e s te rn .
S o u th ea stern A St. I-ottis................... L o u b v lU e A N a g h v iU e .
S o u th e rn C a lifo r n ia ........................... A tc h is o n T o p e k a A s a u t e F e.
s o jfth e ru .G eorgia a F lo r id a ....... . ..s .iv a -o n a h F l o r i d a A W estern ,.
S o u th ern K a n s a s ............................... A t c h is o n T o p e k a A S a n to Fc.
S ou tlvern K a n v a s in T e x a s .......... . . . . A t e b l s o n T o p e k a A Santo. F e,
S o u th ern K a n s a s A W e s t e r n ___ . . . . A t c h i s o n T o p e k a A S a u t e Pe.
K o a t h e m M in u c s o te ........... ................ C h ic a g o M ilw a u k e e A S t, Patti.
S o u th e rn P a c ific B r o s e l i . ............ .... .S o u th e rn P a c ific o f C a lifo r n ia .
S o u th ern P e n n s y lv a n ia ..................... C u m b e rla n d V a lle y .
S p o k a n e A P a l o u a c . . . ........................ N o r th e r n P a c ific .
S t e r lin g M o u n ta in U K ........................ S t e r lin g Ir o n A R 'y C o .is e e M ia c e l’ i )
S te u lm n v ilte A In d ia n a ...................... P it t s b u r g Ctn n. C h ic. A 8 k L o u is.
S to c k to n A O a p p e ro p o U a .................... s o u t l i f r o P » «- ific o f C a lifo r n ia .
S t u r g i* G o sh en A B L fx n i l s ,..............I,o k c S h o re A M lc h ig i’ l H o n th c ra .
S u g a r J ted u ertea ........................ ......... A m e r ic a n S u g a r R e n o lu g.
S a g e r T n w ........................................... A m e r ic a n S u g a r R e fin in g .
fiu u tra ry A- E r i e . .................................. P h ila d e lp h ia A E r ic .
S y ro ctto e N o r t h e r n ...............................R o m o W a te r to w n A O g d e n s b u r g .
fiy ra e n a e O n t a r io A N e w Y o r k . . . . W e » t S h o re .
T a y l o r '* F a lla A la t t e S u p e r io r ....... S t P a u l A D u lu th .
T u r k ic V a l l e y . . . . . . . . .......................... K a n . C it y S t. J o * . A C o u n c il B lu t fe
T c b o A N e o . h o ....... ............................. M ita o u rl K a n s a s A T e x a s ,
T e u b e m e e M id la n d ....... ..................... P a d u c a h T e n n e s s e e A A la b a m a .
T e r r e H a u t e A S o u th e a s te rn .............E v a n s v ille A In dln n ap oH a .
T e x a s M e x ic a n .....................................M e x ic a n N a tio n a l.
T e x a s A B t L o u i s ................................ S t. L o u is B o u th W M te rn .
T o iw lo A n n A r b o r A C a d illa c .......... T o le d o A n n A r b o r A N o r th M io h .
T o le d o A n n A r b o r A G r a n d T r u n k . .T o le d o A n n A r b o r A N o r th M ic h .
T o le d o A n n A r b o r A i. ik e M ic h ig a n ,T o le d o A t m A r b o r A N o r th M lch.1
T o le d o A n n A r b o r A Stt. P le a s siu t. .T o le d o A n n A r b o r A N o r th M ich .
T o le d o B e it ........................................... W h e e lin g A L a k e E rie ,
T o le d o C in c in n a ti A St. L o u i s , . . ___ T o le d o S t . te tu i* A K a n s a s C ity .
T o le d o C olu m b u s A C in c in n a t i.,. . . .T o le d o A O h io C e n tr a l.
T o r o n t o G r e y A B r u c e ........................ C a n a d ia n P a c ific .
T r o y A- B o s t o n ..................................... F itc h b u rg .
T u n n e l R R . o t Bt. L o u is .....................T e r m in a l A su 'n o f 8t. L o u is (M ie c e 1.
r u t o a ............................— . . . . ____ .. N o r t h e r n C e n tra ).
U n io n R a i l w a y o f C h a tt a n o o g a .. .. .C h a t t a n o o g a U n io n ,
U n io n E le v a t e d .................................... B r o o k ly n K ie v a te d .
U n io n A Ix ig a n s p o r t .......... ............ 1‘ lt t s im r g C in o ln . C h ic a g o A 8 k L .
t J n io n T c r . B y , o f K a n s a s C it y . K a n K a n s a s C it y S u b u rb a n lic it .
U p p e r C o o s .......................... ......... ....... M a in e C e n tra l.
U ta h A N o r t h e r n .................................O r e g o n S h o rt Lints A U t e li N o r t b %
U ta h S o u th e rn ..................................... O r e g o n S h o rt L in e A I 't e b N o r t h 's ,
U tic a A B la c k R i v e r . . . ........... ...... . . . R o m e W a t e r t o w n A O g d e n *b u rg .
V e n ic e A C a r o n d e ie t ..... .......... .........L o u is v ille E v a n s v i l l e A S t L o u is.
V e r d ig r is V a t todc-pcn d’ e e A W e s t .. M h n o u ri P a c ific .
V i c k s I m r g A M e r id ia n ................. . . . . A l a b a m a A V ic k s b u rg .
V ir g in ia A T e n n e s s e e .......................... N o r fo l k A W e s te rn .
W a c o A N o r t h w e s t e r n ........................ H o u s to n A T e x a s C en t ra !.
W a r r e n A F r a n k lin .............................. W e s te r n N o w Y o r k A P e n n s y lv a n ia
W a r w ic k V a l l e y ....................................L e h ig h A H u d so n R iv e r .
W a s h in g to n C ity V o . M i t t A G t. 0 0 . V ir g in ia M id la n d .
W a s h in g to n C ity A P o in t Im o k o u t .B a lt im o r e A O h io ,
W a s h in g to n O h io A W e s t e r n .............R ic h m o n d A D a n v ille .
W a y n e s im r g A C a n to n ........................ C le v e la n d C a n to n A S o u th ern .
W e s te r n M in n e s o ta ................ . . . . . . . . S t . P a u l A N o r th e r n P a c ific .
W e s te r n P a c ific .....................................C e n t r a l P a c ific .
W e s t W is c o n s in ..................................... C h ic. 8 k P a u l M tn n e a p . A O m a h a .
W ie h t t e A W e s t e r n ..............................A t c h is o n T o p e k a A B an ta F e.
W in o n a A St. P e t e r ......... ....................C h ic a g o A N o r th w e s t e r n .
W is c o n s in A M in n e s o ta ...................... W iscon sin C e n tr a l C om p a n y.
W is co n s in M in n e s o ta A P a c i f i c ..........M in n eap olis A 8t. L o u is.
W is co n s in V a U e y .................................. C h ic a g o M ilw a u k e e A 8 k P a n t
Y o r k A P e a c h B o t t o m ........................ B a l t i m o r e A L e h ig h .
Z a n e s v i l l e T e r m in a l........................... C o lu m b u s B h a w n ee A H o c k in g ;
STOCK
AND
BOND
TABLES
SO TES.
rhea* tables are expressly intended to be used in oonneotion with the information concerning investment matters published trom w eek
to week in the C hronicle . At the conclusion of the statement for eaoli company, therefore, is furnished a oomplete index of all ltem e p e r
taining to that oompany published in the C hronicle within the last eighteen months. Annual reports are in black-faced figures.
In case any company eaunot be found in its regu lar alphabetical order (the railroads bein g arranged togeth er first, and m iscellaneous
oom panles fo llow in g), reforenco should be m ade to the index to roads leased and consolidated.
Th e ••dividends " appearing in the te x t are those which have actu ally been paid du ring the calendar years nam ed, irresp ective o f when
th e y m ay h ave been earned; honee they often differ from the dividends rep orted w ith the earnings fo r the same years resp ectively.
By net earnings" as used in this S upplement is meant the earnings remaining after deducting operating expenses, hut not interest on
debt, rentals or other fixed charges. Some companies report net earnings before and some after deducting taxes.
Th e fo llo w in g w ill g iv e explanations o f each o f the colum ns o f the tables b e lo w :
D
escription.—Abbreviations
used arc: M. for “ mortgage;” gon. If. for “ general mortgage;” con. M. or consol. M. for “ consolidated m ort
gage;” lno. M. for “ income mortgage;” g. for “ go ld;” guar, for “ guaranteed;” guar. p. & i.
for
“ guaranteed principaland in
terest;'’ cum. for “ cumulative;” non-cum. for “ non-cumulative; ” conv. for “ convertible;” pref. for “ preferred;” s. f. for “ sin king
fund; ” L gr. for “ land grant; " r. for “ registered; ” c. for “ coupon; ” 0/ for “ coupon but may he registered as to principal; ” c. S
t
v. for “ coupon and registered;” hr. for “ branch;” end. for “ endorsed;” “ red.” for redeemable, meaning subject to call b e fo re
maturity (so “ rod. at 100” means subject to call at par); “ d’rn ” or “ drawn” for subject to call for the sinking fund from tim e to
time when drawn by lot; “ p. m." for "p e r mile,” thus $15,000 p. m. means $15,000 per mile.
D teof Bonds.—The date of issue on the face of the bonds is referred to in this column.
a
M o/R
iles oail.—
Opposite stocks, this means the miles o f road o w n e d ; opposite bonds, the m iles oovered by the m ortgage.
B or Par Value.—Shows (in dollars unless otherw ise m ark ed ), the denom inations or pa r valu e, “ 100, &c.,” s ig n ify in g $100 and larger.
ite
B te Per C ent—The interest per annum is g ive n fo r bonds, but unless oth erw ise in d ica ted th e per cent of last dividend for s to c k s ; g. means gold;
a
x, e x tr a ; s. stock o r s c r ip ; p e r an. means per annum, so 6 per an. (M. & N .) m eans 6 per cent yea rly, pa y a b le 3 p e r cen t in M a y and 3 per
cent in N ovem ber.
IFAen Payable.—J . & J. stands fo r January and J u ly ; F. & A ., F eb ru ary and A u g u s t; M. & S., M arch and S e p tem b er; A . & O., A p r il and O ctob er ;
M. A N ., M ay and N ove m b er; J. A D ., June aud D ecem b er; Q.--J., q u a rterly fro m J a n u a ry; Q.— F., q u a rterly from F e b ru a ry ; Q.— M,,
qu arterly from March.
Bonds, principal when due Stocks,
dividend.—The date in this column shows the period when the principal falls due of bonds, but the tim e
;
last
when the last dividend was paid on slocks.
S u b s c rib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Bonds—P rin o i
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
M iles D ate Size, or
pal,W hen D ue
A m ou n t
of
Par
of
R a te per When W here Pa yab le, and by Stocks—L a st
F o r explanation o f colum n headings, &c., see notes
Road. Bonds Value. Outstanding
Whom.
D ividend.
above.
Cent.
Pa y a b le
Adirondack.—1st M .t $2,000,000, g., guar. p. & i . . .
Alabama Great Southemr—Common " B " shares___
P referred “ A ” shares,6 per cent (cum. fo r 6 years)
1st m ortgage, g o ld .................................................e
Gen. M. sterl. £1,160,000, red. at 110 June 1, ’98 .c
Debentures, g o ld .....................................................
Incom e certificates sinking fu nd............................
1st M ort., guar, b y Sav. Fla. & W., gold .............. c
1st M., Sprague to Luverne, $15,000 p.m , g o ld .. cx
Preferred “ A ” shares, 6 p. c. cu m ulative..............
“ A " deben., income t ill N ov. 1895—See t e x t ...... c
“ B ” debentures,redeem able a fter 1910 at 1 1 5 ..c
“ C " debentures, income, subject to call at 100___
Alabama & Vicksburg—Stock ....................................
Vicks. < M erid. 1st M. gd., s u b j.to c a ll in 1897.
fc
A la. & Vicks, consol. Is t M ., ($1,800,000) gold ....
2d m ortgage, inc.for 5 years, non-cum., g o ld ...
Albany < Susy.—Stock, 7 p. c. rental D. & II. C a n a l..
!■
A lb a n y C ity loan (sinking fund, 1 p e rct. vea rlv i.e
Con.M. fennr. t>. &i. by D. & H . end. on bonds).c*Ar
57
200
290
290
290
1892
___
1878
1888
1886
1888
175
34
1888
1890
1890
1890
1890
143
143
143
143
1881
1889
1889
142
142
1865
1876
$1,000
$1,000,000
4^2 g.
£ 1 0 £1,566,000 See text.
£10
£676,070 6 per an.
$1,000
$1,750,000
6 g.
£100
£476,000
5 g.
£100
£134,000
6 g.
Various.
4
£53,257
$100
$2,625,000
$100
1,600,000
$1,000
2,800,000
5 g.
1,000
500,000
6 g.
£10
£2,500,000
£10
£ l'5 0 0 ,0 0 0
£100
£7481850
5 g.
£100
£1,048,390
5 g.
£100
£810,700
5 g.
100
$700,000
3
1.000
1,000,000
6 g100 &c.
516,800
5 g.
100 &c.
700,000
5 g.
100
3,500,000 7 p e r an.
1,000
1,000,000
6
1,000
10,000,000 6 g & 7
A d i r o n d a c k —Owns from Saratoga to N orth Creek, N .Y ., 57 milesStock authorised, $4,000,000; outstanding, $3,000,000; par, $100. The
bonds ca rry the endorsed gu aran ty o f th e D ela w are & Hudson as to
principal and interest; the $1,000,000 bonds unissued m ay be sold fo r
extensions at $20,000 per m ile o f com p leted road—trustee. D. S. Tru st
Co. In y ea r 1891-92 gross earnings, $161,786; n et o v e r ta x e s , etc.,
$38,274, against $46,275 in 1890-91. (V. 55, p. 588.)
A d ir o n d a c k Sc St. L a w r e n c e . —See M o h a w k & M a lo n e .
A la b a m a G re a t S o u th e r n .—( See M a p E a st Tennessee V ir g i n i a d
Georgia J.—Owns Wauhatchie, Tenn., to Meridian, Miss. 290 m ile s ; leases
Wauhateliie to Chattanooga, 5 m iles; total operated,'295 miles. A lso
tas trackage, Ga. Pac. K E ., W oodlawn-Bessem er branch, 19 m iles
Or g a n iz a t io n .—R eorganized as now N ov. 30, 1877, a fter fo r e
closure. An English company o f the same title owns a ll tlie stock aud is
itself controlled b y the E ast Tennessee V irg in ia & G eorgia R R . Co the
.attcr being now in receivers’ hands. A m ajority o f stock o f Chatta
nooga C uion—which see—w as purchased in 1891 b y A la. Gr. So.
St o c k .—Of the capital stock o f the English Company the East T e n
nessee A irguna & Ga. in A p ril, 1890, purchased £310,000 “ A ” shares
and £ 1 83,010 “ B " shares, and pledged them to secure its Cincinnati E x
tension bonds. V. 50, p. 560. The English and A m erican companies
own jo in tly $1.000,000 Cincinnati N ew Orleans & Texas Pacific stock
A lte r paym ent o f interest on bonds net profits are to be applied as
follow s: (a) to 6 per cent on preferred “ A ” shares; (b) to 4 per cent on
funded certificates; (c) to appropriation o f a sufficient sum to retire
funded certificates m 10 y e a r s ; (d) to dividend on “ B ” shares
,
“ A " assenting shares fo r period since D ecem ber 31,
1887: III 1889, 6 per cent; in 1890, 9 ; in 1891,6 per cen t; in 1892, 6.
On Class " B ’ 1*2 per cent w as paid 1891; in 1892, Decem ber, lb j p o
BONDS.—O f the general m ortgage bonds unissued £484,000 are in
rust to retire tlie 1st m orfeatre bonds nrui
Anfmmc
$296,331.
KI'0» T ;- F ls c a i yea r ends June 30. R ep ort f o r 1891-92
J?. T; 59. P- 7.21- .In y ea r 1391-92 gross earnings w ere $1,“ 81,931;
net $444,730; other incom e, $20,000 • interest on bonds, $248,220;
“““
I ncome tax, etc., $9,857; balance fo r stock, $206.653
l i 1890 91
r & id
iucome’
-<V- B8, P ? s 2 £
A la b a m a iti Id la n d . —Owns from B ain bridge, Ga., to M ontgom ery
A la., about 175 m iles; branch, Sprague Junction to Lu verne, 34 m iles;
total ow ned, 20.) miles, in terest on the llrst m ortgage due iii 1 9 •>8 has
been reduced to 5 per cent and the bonds stam ped pr Scinal and
S n n 'a,nte<id iu « ° ld b-11 1 Savannah F lorida & Western Th ere
(5
a re $8.>,000 bonds unassented. Iso arrangem ent was made w ith
V
«ne bo,1,d8*
h®ld b y the P la n t In vestm en t Co F o r 6
months en ding June 30, 1892, gross earnings $228,231; net o v e r bet
term ents, etc.. $4,496. In 1891 gross $539,290. Th e Plant Investm ent
^ (V .P5 3 fp . 186 , 256^
83 ° 0001111011 and $ 1 ,200,000 preferred stock?
A la b a m a N e w O r le a n s T e x a s & P a c ific J u n c t io n ( i i>ti
lle d . ) - l h i s is an English company controlling the A labam a & Vicks
M. & S. N. Y . Of. ,21 C ortland t St.
London.
M. & N.
do
J. & J. N .Y .,F a rm .L .& T r.& Bos
London, G lyn M ills.
J. & D.
F, & A .
do
do
do
do
M ar. 1, 1942
Deo.; 1892
D e o ,1892
Jan. 1, 1908
Deo. 1. 1927
A u g. 15,1908
B y sink’g fu nd
M. & N. N .Y .,M e t’p o lita n Tr.Co.
J. & D.
N o v. 1, 1928
Deo. 1, 1929
M. & N.
See rem arks.
M. & N.
See rem arks.
A . & O.
See rem arks.
Y e a rly .
Cincinnati, Office.
A . & 0. N. Y ., Central Tru st Co.
A . & 0.
do
do
A . & 0.
do
do
J. & J. N. Y . ,Del.&Hud.Can.Co.
M. & N.
do
do
A . & 0.
do
do
Nov.1,1910-40
N ov. 1,1910-40
N o v. 1, 1940
N ov. 17, 1892
A pr. 1, 1921
A p r. 1, 1921
A p r. 1, 1921
Jan. 2, 1893
1895-1897
A p r il 1, 1906
burg, 142 m iles ; V icksburg S hrevep ort & Pacific, 189 m iles ; N e w
Orleans & N o rth E astern, 195 m iles ; Spanish F o r t R a ilw a y , 13 m iles.
Or g a n iz a t io n .—R e org a n ized in 1891 b y plan in V . 51, p. 537,
fix ed ch arges bein g reduced fro m £130,000 per annum to £37,500.
B onds .—U n til N o v. 1, 1895, th e “ A ” debentures a re en titled to
rec eive in terest o n ly i f earned, but unpaid in terest is cu m ulative. Th ey,
as also the “ B ” debentures, are redeem able at the op tion o f the com
pa n y a fter N o v . 1,19 10, at 115. Th e “ B ” and “ C ” debentures a re
both incom es fo r th eir fu ll term , re c e iv in g in terest on ly i f earned, and
are a second and th ird charge on earnings res p ec tiv ely . Th e “ C ” deb
entures are subject to ca ll at a n y tim e a t par, on six m onths’ notice.
Coupons paid <*s fo llo w s ; On A debentures to and in cluding M ay 1,
1892, all coupons in fu ll to date. On B debentures : I u 1891 2 ^ p e r
ce n t; iu 1892, £ 2 10s.
Se c u r it ie s O w n e d .—Th e com pany holds tlie fo llo w in g secu rities,
viz.: O f A labam a & Vicksburg $30,000 1st m ortgage, $141,100 consols,
$387,700 2d m ortga ge incom es and $387,700 stock; o f Vicksburg Shreve
p o rt & Pacific, $3,692,000 1st m ortgage, $1,364,000 3d m ortgage,
$494,860 4 p, c. incom es and $1,594,000 s to c k ; o f N ew Orleans < N orth
&
Eastern, $4,900,000 1st m ortga ge and $4,320,000 s to c k ; o f N ew O r
leans Spanish F o rt & L a k e R R ., $300,000 first m ortgage and $200,000
com m on stock; o f Cincinnati Southern, $532,000 stock.
E ar n in g s .—See separate statem ent in this Su p p l e m e n t fo r each o f
the con trolled com panies, and earnings in C h ro n icle under Cin. N . O.
& 1 . P . F o r 12 mouths ending Dec. 31, 1892, receipts from in v est
m ents w ere £ 6 8,121 ; a fte r m eetin g general expenses (£3,998), incom e
ta x (£1 ,3 98), in terest on “ A ” debentures (£36,506), &cM there rem ained
a balance o f £28,050 (in clu d in g £1,832 surplus o f previou s y ea r) fro m
w hich paid 2 ^ per cent on B incom es, le a v in g £2,496 u nappropriated.
— (V. 50, p. 560; V . 51, p. 537.)
A l a b a m a A; V i c k s b u r g . —O w ns V ick sb u rg to M eridian, Miss., and
branch, 143 miles. It is m ain ly ow ned and controlled b y the A lab am a
N ew O rleans T exa s & P acific Junction Co.—w hich see. T h e Vicksburg &
M eridian w as sold Feb. 4,1889 (see V . 48, p. 190) ,an d reorgan ized as now.
D iv id e n d s .— From N ovem ber, 1890, to N ovem b er, 1892, both in clu
sive, 3 per cent yea rly.
B onds .—T h e new seconds are incom e (non-cum ulative as to earnings)
fo r five years, and are a first lien on the Vicksburg & M eridian lauds
(120,789 acres), interest, i f earnings fa ll short, being payab le from
land s a le s ; when in terest is paid from earnings land sales go to sinking
fund; trustees, Central Tru st Co.. A l l coupons on incom es have been
paid to Oct. 1, 1892. O f the $1,800,000 consols authorized, $1,000,000
are w ith tru stee to retire V. & M. firsts a t m atu rity.
E arning s .—F rom Ju ly 1, 1892, to Dec. 31, 1892 (6 m ouths), gross
earnings, $320,341, against $393,697 in 1891; net, $52,000, against
$110,972. Tn y ea r 1891-92 gross $692,741; net, $142,032; interest,
$120,702; dividend, $21,000; balance, surplus, $33.1.
In 1890-91
gross, $648,400; net, $149,905. (V. 53, p. 2 8 9 , 712; V . 55, p. 5 4 3 .)
A l b a n y <fc S u s q u e h a n n a .—(See Map Delaware d - R u d s o n . R o a d
O wns A lb a n y , N. Y ., to B ingham ton, N. Y ., 142 miles. Branches,
D uauesburg Junction, N . Y ., to Schenectady, 14 miles; CobleskilL
N . Y ., to C herry V a lley , 21 m iles; L ackaw ann a & Susquehanna R R .. 22
miles; East G len ville to Coons, 10 miles; to ta l operated, 209 m iles
March , 1893.J
KAILROAD
STOCKS AND BONDS,
7
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
R A IL R O A D S F o r explan ation o f o o la n m h e a d in g s , A c ., see. notes
o n fir s t p a g e o f ta b le s .
Allegheny A Kinsua—1 s t M -. f o r ,
Allegheny Talley—Common sto c k
P r e fe r r e d s to c k fo r $1 8 ,0 0 0 ,0 0 0 , „ tem ---1
,1
1st m o rt m a in lin e ( R iv e r D iv is io n )..................... c ‘
1st M ., E a s t e r n E x t ., p u rch a se g f . b y F en n . R B .C
M ort. t e s t a t e Pa., §100,1100 due Jan. 1, y e a r ly ..r
Gen. M. (§ 20 ,000.000) g., g u a r. » , A i. (en d -).o 'A r
30,000) g„ guar. f. J
__ ______ ^
.......
..
Allentown Terminal
SB,—lo t m ort.,, g u a r , g o ld .
Annapolis Washington A Baltimore...........................
Arcadia, Oulf. Coast, LaM 'd-StO C * (§1 ,5 0 0 ,0 0 0 ).
Arizona A S e i * Merico.- 1st m o r tk a g e , g o l d ............
Ark. Midland.—!* ’ M. < §6 ,0 0 0 p. » . ) * . , r e d .a t 110.0*
.
Asheville A Spartanburg --1* t m o r tg a g e , g o ld .
2 4 m o r tg a g e f t * § 5 0 0 .0 0 0 , g o ld .....................
Astoria A Portland.— 1st m o r tg a g e
Atehison Col, A P a cifle -U t M ..§ 1 6 ,0 0 0 p. m .) g o . . e *
Atchison Jewell Co. A W e s t . - I s t M . , gu a r. C. B . V. P .c
Atchison Topeka A Santa Fe—S t o c k ............ .................
Bonds—P r in c tIN T E R E S T O R D IV ID E N D S .
S ize, o r
D al, W h en D u e .
Am ount
Par
R a t e p e r W h e n W h e r e P a y a b l e a n d b y •Stocks—L a st
O u ts ta n d in g
V a lu e .
C e n t.
P a y a b le
W hom .
D iv id e n d .
M ile s D ate
of
of
Road. B onds
§1,000
1890
259
259
132
110
242
259
3
20 >
3
50
1866
1870
1870
ill!
"7 1
74
1889
66
66
1885
1887
1892
1879
1879
25 4
34
G u a r a n te e fu n d n o te * (e x t ’d e d in 1891) r e d .a t 100 471
C h ic a g o A Bt. L o u is 1st m o rt. (§ 1 0 ,0 0 0 p e r m ile ).
143
O id bo n d s n o t a s s e n tin g t o th e r e o r g a n iz a t io n .. .
G e n e r a l M .,g o ld (a s t o a m o u n t o u t * c e t e x t ) . . c * * r 6,619
d o . in c o m e s s o n -c a m .. g o ld , red . at p a r .......... e '. t r 6 .61 9
S e w 2 d m o r tg a g e g o ld , cla ss A ........................ c & r 6 ,6 1 9
do
do
c la ss B , s e e re m a rk s .............. c A r 6,619
E-ynip. T t„ S e r .A ,
§2 5 0 ,0 0 0 d m . y 'r i y a t p a r „ e . '
180 l
5.000
ill
1889
1839
1892
1392
1892
1.000
50 0
50 0
500
50 0
500
Atchison System.—Atlantic A Vtsnfte.—
G o a r , t r u s t m o r tg a g e g o ld , (r e d e e m a b le a t 1 0 5 ). <r
W e s t D iv is io n 2d M . g u a r .,* . i». f. d r a w n a t 1 0 5 ).C
In * . b o n d s, non-oum ., W . D . ($ 1 3 ,7 5 0 p .m .). . e 'A r
692
56 0
$ 4 8 5 ,0 0 0
10 ,5 44,20 0
50
15 ,6 46,50 0
1,000
4.0 0 0 . 00 0
'
1,000
10 , 000,000
100,000
1 .6 0 0 ,0 0 0
1,000
1.37 2.0 00
1,000
4 5 0.000
100
3 5 8.000 S e e
100
5 0 0 .0 0 0
.£200
£ 2 6 6 ,0 0 0
1.000
ffi
1.000
5 0 0 .0 0 0
2 1 5 .0 0 0
1,000
1,000
4 3 0 .0 0 0
1,000
4.0 7 0 .0 0 0
1,000
5 4 2 .0 0 0
100 102 , 000.000 S e e
ill? i
18 80 ;
A c.
A c.
A c.
A c.
A c.
5 g.
F. A A.
I n d e fa u lt
7*30 J. A J. N .Y .,P h lla . A P it t s b u r g . Mch. 1, 1896
A . A O. P h il., P a . R R . C o. A L o n . A p ril 1, 1910
7
J. A ,T. P h lla d e ip h la .P a . R R .C o 1 0 0 ,0 0 0 J a n . l
5
>1. A 8.
do
do
Mob, 1, 1943
4 1: J. A J. N e w Y o r k a n d P h ila . J u ly 1, 19 19
B a lt im o r e .
Jan. 1, 1893
t e x t J . A J.
A N L o n d o n .B r .L in e n C o .B k
A J. N . Y . , C e n t r a l T r . Co.
A O A p ril,'92, coup, last pd.
A J.
A N.
In d e fa u lt.
N .Y ,U n ,T r .C o .A B 08to n .
6
N .Y ,U n .T r .C o .A B o s t o u .
6
tex t
N .Y ., B o s to n A C h ioa go,
7.0 0 0 .
000 6
M A N . B o stn , K id d e r, P e a b o d y .
M. & S. N .Y ., F a r m 's L . A T r . Co,
1.50 0.0 00
6
1.5 7 7 ,9 1 0
4 g. !J. A J, ) N . Y , i fn i o n T r u s t , )
1 2 9,022 ,3 00
S ec t e x t
5 K. S e p t 1. i B o s to n a n d L o n d o n . 5
8 0 ,0 00,00 0 2 % to 4 g ,A . A O .
do
do
5 .0 0 0 .
000 4 g. A . A O.
do
do
5 g . J . A J. N e w Y o r k a n d L o n d o n .
2 .2 5 0 .0 0 0
1 .00 0
18 ,7 9 4 ,0 0 0 I
1.000 S e e re m a rk s 1
5 0 A c . 12 ,000,000
i I n s t a ilm 't * .
sTg-
\l
I 8'
M.
J.
A.
J.
M.
»
4 g.
6 g.
6
J. A J. N .Y .,.M e r c a n t ile T r . Co.
M . A 8.
do
do
A. A O
M a y 1, 1908
J u ly 1, 1911
A p r i l 1, 1925
J u ly 1. 1 9 3 7
1932
M a y 1, 1905
M a y 1, 1905
N o v . 1 5 ,1 8 8 8
N o v . 1, 18 93
M eh . 1, 1915
V a rio u s .
J u ly l , 1989
J u ly 1, 1 9 8 9
J u ly 1, 1989
J u ly 1, 1989
J a n .l '9 4-1 902
J a n , 1, 1 9 3 7
S e p t 1, 1 9 0 7
O c t 1, 19 10
U u s s p f o r 15 0 y e a r * fr o m F e b r u a r y , 1 8 70 , t o D e la w a r e A H u d so n 1 $1 6 3 ,2 9 3 , a g a in s t $ 1 3 0 ,1 1 7 In 1 8 8 9 -9 0 ; d e fic it u n d e r o p e r a t in g e x
p e n se s, $ 1 1 .692;
C a n a l C o., w h ic h D e c 3 1 ,1 8 9 2 , o w n e d $ 4 5 0 ,0 0 0 sto c k ; r e n ta l, 7 p e r * t
o n sto c k a n d In te re s t o n b o n d *. A d d it io n * a n d b e tt e r m e n t* c h a r g e d t o
A u h ts o n C o lo r a d o
P a c i f i c . — O w n s W a te r r t U e , K a n ., t o W a sh
lea se rs, a n d c o s t m a d e p a r t o f In v e s tm e n t. B o N t * —‘T h e c o n s o lid a te d In g to n . K a n .. 2 0 m ile s ; G r e e u le a f, K a n ., t o L o g a n , K a n ,, 155 m ile s :
m o r t g a g e is fo r $1 0 ,0 0 0 ,0 0 0 . o f w h ic h $ 3 ,0 0 0 ,0 0 0 a r e 7 p e r c e n t * , c u r L o g a n t o L e n o r a , K a n .. 2 9 m ile s ; D o w n s , K a n ., to B a ll C ity , K a n ,, 24
bu t m ile s ; Y u m a , K a n ., to SVarw iek, K a n ., 31 m i l e * ; t o t a l, 25 4 m ile * . A n
r e n c y ; th e p r in c ip a l o f th e 6 * is a ls o p a y a b le in " l a w f u l m on ey.
t h e in te r e s t in g o ld .
e x te n s io n o f t h e C e n tr a l B ra n c h O n io n P a c ific , w h ic h lea se d I t In 1879
E aju c lv o s .—F o r s ix m o n th s e n d in g D e c . 3 1 , 1892, s u r p lu s o v e r f o r 23 y e a r s , a n d g u a r a n te e d t h e b o n d s , p r in c ip a l a n d in te r e s t, b y ©nC o n t r o lle d b y O n io n P a e tlic , b u t o p e r a t e d b y M isso u ri
e h a r g e * w a s $ 5 0 8 ,5 3 5 , a g a in s t $ 3 0 0 ,9 8 3 in 1891. In y e a r e n d in g Ju n e d o rs e m e n t.
STOCK. $ 1 ,5 2 2 ,4 0 0 (p a r $ 1 0 0 ), o f w h ic h U . P. o w n s $ 9 3 0 ,3 0 0 .
3 0 ,1 8 9 2 , from $ 9 ,8 8 0 ,4 6 1 , a g a in s t *3 ,7 9 0 ,1 0 4 in 1 8 9 0 -9 1 ; o e t , $ l . « * l , - p a rtite.
072, a g a in s t $ 1 ,5 3 3 ,5 7 3 ; su rp lu s o v e r c h a r g e * , $ 5 0 5 ,0 5 5 , a g a in s t E b j i t m ., * 2 3 4 ^ 7 0 y e a r ly .
$ 3 9 6 ,3 0 5 .— (V . .->4, p. 2 8 9 , 8 0 0 ; V . 55. p. 2 0 9 . 8 0 6 ; V. 36, p. 2 9 0 .)
A t e k l s o n J e w e l l C o u n t y A W e s t e r n . —J a m e s to w n , K a n ,, t o
c
B a r r O a k , K a n ., 34 m ile * . U n d e r s a m e a u sp ices a n d c o n tr o l a « A tc h is o n
A l l e g h e n y A K l n z u a . — ! t o t t> ~ B r a d fo r d , P a . to R e d H o u s e , N,
c
Y „ 25 m i l e s ; G ilb e r t , P a ., to C o ffe r R u n , P a ., 12 m i l e s ; G ilb e r t , P a ., to C o lo ra d o A P a c ific , atoA k, * 2 0 2 .8 0 0 (ita r $ 1 0 0 ), o f w h ic h U n io n
P a c ific o w n * $ 1 0 5 ,0 0 0 . R e n t a l ' » $ 3 4 ,0 0 0 r e r a n n u m .
Z e r liff, N . t „ 0 m ile s ; t o ta l. 43 tu lle*, A . D. S c o tt, r e c e iv e r .
i t e h t s o n T o p e k a A S a n t a F o .—(See Vaps,)—R o A « . - T h e s y s
A l l e g h e n y V a l l e y H a l l w a y . —O w n * fr o m P it t s b u r g t o O il C ity . te m . w e l l s h o w n o n th e a d jo in in g m a p s , c o n s is t* o f t h e f o l l o w i n g :
P a , 13 2 m ile s ; b ra n ch es— R e d B a n k , P * „ t o D r ift w o o d , 110 m ile * ;
1teased and O-mtol. tines— Miles.
Owned jointly mth IT. P — Miles.
o th e r * , 17 m ile s ; t o t a l o p e r a te d , 25 9 m ile s
46
O SO A tO ZA H O X. A C .— R e o r g a n iz a tio n M a rch 1, 1892, o f th e A lle g h e n y C h ic a g o , III., t o D e a r e r , C o l . 1,21 0 Igsa ven w o r t h T o p . A 8 , W. R y .
L » J u n ta , C o L .to E l P a s o ,T o t . 601 M a n h a t. A lm a A B u rU n g a m o .
57
V a lle y BaUroad, w h ic h w e n t in to r e c e iv e r * ' h a n d s in M a y , 1884, and
w a * so ld in fo r e c lo s u r e <m D e c . IS , 1301. P la n o f r e o r g a n is a tio n , etc ,, B ra n c h es in K a n s a s , e t c . ____ 2 ,77 1
Jointly with St. L. A San. F.—
w a s in C n a o s t c i-K . V . 53, p. 3 2 4 , 3 6 8 , 5 2 0 ; V . 54, p. 409, 524. R o a d
I Lines praeUeally earned—
W ic h ita A W e s te r n R a i l w a y . . 124
C o n tro lled . a* m a jo r it y s to c k h o ld e r, b y th e P r n n x y lv a n la R R . Co.
G u l f C o lo r a d o A S a n ta F e R y . —
A t la n t ic A P a c ific (w h ic h se e) 94 7
S t o c k : a u t h o r iz e d $30,00»,00<J, o f w h ich $ 1 8 ,0 0 0 ,0 0 0 is c u m u la t iv e
G i d v i - t o n , t o P u r c e ll, f. T„ 518
3 p e r c e n t p r e fe r r e d sto c k . P e n n s y lv a n ia H R . Co, r e c e iv e d $10,000,B ra n c h e s t<> llo B e t o a , A c . . 54 0
T o t a l , in c h ta o w n e d j o i n t l y . 7 ,1 3 0
0 0 0 p r e fe r re d a n d $ 8 ,2 5 1 ,0 3 0 c o m m o n sto c k .
S o n o ra R a i l w a y —
Owned hut reported separately—
N o g a le s t o G u a y m a * . M e * . 263
B o x o s . —T h e g e n e r a l m o r t g a g e fo r $ 2 0 ,0 0 0 ,0 0 0 fo u r p e r c e n t b o n d *
88 S t. I s A San F ra n , (w h ic h s e e ) . 1 ,8 04
b a * p r in c ip a l a n d in t e r e s t u n c o n d it io n a lly g u a r a n te e d b y th e P e n n s y l N e w N ie x le o A A r u o n a R R . ..
C o lo r a d o M id la n d {w h ic h se e) 35 0
v a n ia R K , b y e n d o r s e m e n t . n ea ch t e n d . O f th e *e b o n d s $ 1 7 .10 0 ,0 0 0 S o u th e rn C a lifo r n ia R a il- ..
w a y — L in e s In C a l i f o r n i a ,.. 491
(b e in g t h e p r in c ip a l a n d 8 p e r c e n t a d d it io n a l o f th e p r io r lie n s n o t
Grand total J u n o3 0 ,1892..9,344
61
d iv e s te d ) a rc r e s e r v e d t o ta k e u p th e p r io r lien s as t h e y mature, a n d St. L . K a n . C ity A C ol. R R . . . .
• 1 ,0 0 0 ,0 0 0 a r e h e ld fo r t h e fu tu r e p u rp o s e * o f t h e c o m p a n y . T h e
* T ire - c o u r ttie * o f th e s e c o m p a n ie s , e x c e p t in g $ 3 ,0 2 5 ,2 0 0 So. C a L
F id e lit y T it le A T r u s t C o. o f P it t s b u r g is th e m o r tg a g e tru stee .
p rof, sto c k o r e p r a c t ic a lly a U h e id In t r u s t u n d e r A tc h is o n m o r tg a g e .
T h e P e n n s y lv a n ia R R . C o. g u a r a n te e * t o p u rc h a s e t h e in t e r e s t o n th e
In N o v e m b e r , 1890, u n d e r 1 tra tlle a r r a n g e m e n t w it h th e C h ic a g o
1
P e o r ia A S i. L o u is, a th r o u g h lin e b e t w e e n C h ic a g o a n d St. L o u is w a*
7 6 e r c e n t 1st m o r tg a g e o f 18 70 a n d th e b o n d * th em ,selves a t m a tu rity .
T b s F e o n s y lv a n ia R R . C o., th e N o r th e r n C e n tr a ! B y . a n d t h e P h ila d e l o p e n e d . S ec V . 5 1 . p. 608.
p h ia A E r ie R R . a r e g u a ra n to r# o s t h e 5 p e r c e n t io a n o f 1 8 0 0 .
O s o A ffik A B O x , U is T O K r , A c .—T h e A tc h is o n T o p e k a A S a n ta F e C o m
E A W I N e s ,— P r o m J a n . t t o J a n . 3 1 , 1993 <l m o n th ), g ro s s e a r n in g s p a n y w a * In c o rp o r a t e d M a rch 3 ,1 8 0 3 . T h e m a in lin o o f 471 m ile s w a *
* 1 8 0 ,7 6 5 . a g a in s ! $ 1 7 7 ,5 5 7 in 1 8 9 2 ; n et. $ 1 8 ,9 1 9 , a g a in s t $5 8,5 8 0 . o p e n e d D e e c r o b c r 2 3 ,1 8 7 2 . T h e w h o le s y s te m o u ts id e o f th is m a in l i n e
F o r th e 10 m o n th * e n d in g D ec . 31 , 1892, tin-re w a s a d e fic it a ft e r Is n o m in a lly u n d e r d iffe r e n t co rp o r a tio n s , w h o s e sto c k s a n d h in d s { e x
In t e r e s t o f $39,7-47. in 1082 n e w , $ 2 ,6 3 0 ,6 9 7 ; n e t. $1,033,65)6, In < c e p t in g th o s e o f t h e S i. L o t il* A S a n F r a n c is c o a n d the, C o lo r a d o M id
18 91 gross. $ 2 ,5 4 8 ,7 9 1 ; n e t. $ 1 ,0 2 6 ,8 8 8 . tV. 3 2 , p. 7 9 ,5 ; V. 5 3 , P. ; la n d ) a r e n e a r ly a ll d e p o s ite d lu t r u s t u n d e r th e A tc h is o n ’ s b la n k e t
824, 36 8. 52 0, 56 8, 9 2 1 ; V. 54, p. 3 2 8 , 4 0 9 , 4 0 9 , 524.1
m o r tg a g e . T h e s y s te m t* t h e r e fo r e in e ffe c t o n e lin e , a n d Is l a t r e a t e d
as f a r as p r a c t ic a b le in th e a c c o u n t*.
A l l e n t o w n T e r m i n a l , —O w n s 3 m ile * o f r a ilr o a d in A lle n t o w n , j
In M a y , 1890, c o n t r o l o f th e S i, L o u is A San F ra n c is c o R a ilw a y ' C o m
P a ., c o n n e c tin g th e E a s t P e n n s y lv a n ia (P h ila d e lp h ia A R e a d in g ; w ith | p a n y v.i-i .u-ijuln-d, $22,i'KK),(XK) o f A tc h is o n s to c k lu tin g iss u e d t o pure
t h e C e n t r a l o f N e w J e r s e y . L o w e d fo r 9 9 » y e a r s t o E h U n d e ip m a A- <ch a s e the Han F n »n e i»< -» C o m p a n y 's $ 2 5 ,5 0 0 ,0 0 0 co m m o n a n d p r e fe r r e d
B e a d in g a n d C e n tra l o f N e w J e r s e y (b y a * « ig n n »* n t fr o m Is -h ig h D i a l A 1sto ck . S e e V, 50 , p. 734. T h e e n t ir e c a p it a l s to c k o f th e 8 t» I - A S a n
N a v ig a t io n ) a t In te r e s t o n b o n d * a n d 5 p e r c e n t o i» $ 4 5 0 ,0 0 0 s to c k (p a r Ft . i* n o w o w n e d , g iv . n g fu ll c o n tr o l o f t h e A t la n t ic A P a c ific .
$ 5 0 ), b o n d * b e in g g u a r a n te e d , p r in c ip a l a n d in te r e s t, by P h ila d e lp h ia a In O c to b e r , 1890, t h e e n tir e c a p it a l d o c k o f th e C o lo r a d o M id la n d
R e a d in g a n d L e h ig h C o a l A N a v ig a t io n .— ( V . 5 0 , p. 422.1
($ 8 ,0 0 0 ,0 0 0 ) w » s p u rch a se d . S e e V . 51 , p . 608.
In A u g u s t, 1884, an a g r e e m e n t w a * m a d e th r o u g h th e A t l a n t i c & P a
A n n a p o l i s W a s h i n g t o n A* B a l t i m o r e . —O w n * r o a d fr o m A n
c ific fo r 1he c o n tr o l o f th e M o ja v e D iv is io n o f t h e S o u th ern P a c ific a n d
n ftp o iia t o A n n sp o U a J u n c tio n , 2 0 % m i l e *
O r g a u b e d in 1696. D ivs
d e a d s ; l o 1 8 8 6 ,2 p e r c e n t ; in 1 8 * 7 . 5 ; In 1888, 410; in 18S0. i ; in f o r tra tlle p r iv ile g e s o v e r th e S o u th ern P a c ific t o San F ra n c isc o .
1890. 4 4 , In 1 $9 1, 5 4 ; In 1902, 6 4 ; in 1893. J a n ., 3 p. c, N o b o n d *.
I in 1889 th e c o m p a n y w a * r e o r g a n is e d b y pla n » ! O c t o b e r 15, B e*
th e p la n In V . 49, p. 5 0 4 , a n d a r t ic le on pp. 4 8 3 , 5 9 7 : a lso p a r tic u la r s
A r c a d i a , t i n I f , C o a s t , L a k e l a n d H i t . — U n d e r c o n s tr u c tio n b e lo w . I n 1 8 9 2 th e in c o m e s w e r e m o s t ly c o n v e r t e d in t o s e c o n d m o r t
fr o m L a k e la n d . F m ., c o n n e c t tb g w i t h N o r t h e r n a n d W e s t e r # tru n k ' g a g e b o n d s, p a y m e n t o r in te r e s t o n w h ic h Is o b lig a t o r y — se e b e lo w .
lin e * , t o A r c a d ia , a n d th e n c e t o d e e p w a t e r on t h e G u l f o f M .-x jc o ; t o t a l 1 T h e C h ic a g o E le v a t e d T e r m in a l R a ilw a y C o m p a n y w a s o r g a n iz e d In
le n g t h , in c lu d in g b ra n ch es, a b o u t 20 0 m ile s , s te e l s t a n d a r d g a u ge. A u g u s t, 1890, to fu rn is h t o tills r o a d a n d o t h e r n iilr o a ils a b e t t e r
T r a v e r s e * th e p h o sp h a te d is tr ic t o f F lo rid a . L a n d grant. 3 .8 4 0 a c r e s p e r m ea n s o f e n te r in g C h ica g o , In M a r c h , 1392, th e r e a l e s ta t e o f th e
m ile . P r i v a t e e it ig e n s t o v e d o B a t e flla n d s s a id t o he o f c o n s id e r a b le r » i « e _
A tc h is o n In C h ic a g o w a s sold f o r $8 ,1 0 2 ,2 6 4 t o th is E le v a t e d T e r m in a l
S t o c k f o r $5 00 ,00 0 w a s o ffe r e d fo r s a le a t p a r in J u n e, 1891. s t o c k C o ., w h ic h 1» In no w a y a llie d t o th e A tc h is o n , b u t an e n t ir e ly s e p a r a t e
a a th o r U e d $1 ,5 0 0 ,0 0 0 ; p a r v a lu e $100. O ffice, 8$ L in c o ln S tre e t, B o s to n , c o m p a n y . <3©e V. 53 , p. 92 1; V . 54 , p. 158, 2 8 7 , 52 5.)
ST -c k .— Co m p a n y r e p o r t * $ 1 0 2 ,0 0 0 ,0 0 0 o u t s t a n d in g ; N e w Y o r k
) r i i » B « * N e w M e x i c o . — L o r d s b u r g , N . M.. t o C lift o n , A r iz o n a . S to c k E x c h a n g e , In J a n u a r y , 1893, $ 1 0 1 ,1 9 2 ,7 8 7 .
71 m iles 13 f t . g a u g e ). In y e a r e n d in g S ep t. 3 0 , 1991, g ro s s e a r n in g s
D t v r n B v n * —In 1879. 3 p e r ce n t; in 1 8 30 , 8>s; in 1881, 0 ca sh a n d 50
w e r e $ 2 4 4 ,7 0 5 ; n e t (a ft e r d e d u c t in g d a m a g e s b y flo o d ), $1 1 1 ,7 0 1 .
sto ck ; fro m 1832 to 1836, In c lu s iv e , 0 per c e n t; in 1 9 8 7 ,6 Ml In 1 8 88 ,
In 1889-00 g ro s s , $ 2 3 3 ,2 5 3 ; n e t, $1 3 7 ,7 6 9 . (V*. 54, p. 403.)
5'-i: in 1889 a n d sttice. n on e.
A r k a n s a s ’ l i d l a u d . —O w n s fr o m H e le n a , A r k ., to (T a r c iid o n , 50
P r i o r o p S t o c k .— I n 13'SO, 8 4 7« 9 9 9 * ; In 1887, 9 0 % 9 1 1 8 ^ f in
m ile s ; P in e C ity t o B r in k la y . A rk - . 24 m ile s ; t o ta l, 7 4 m iles
T o bo 1883, 5 3 % » 9 0 « s ; In 1 8 89 , 2 ( l 'a » 5 .3 ; in 1390, 2 3 3 )3 5 0 % : In 1891,
e x te n d e d to In d ia n B a y . 12 m ile * . S u cc ess o r In 1878 to t h e A rk a n s a s z i % » 4 7 « * In 1892, 3 2 % 4 4 6 % ; In 1803, t o M a r. 17, In ch , 3 0 % »| 3 6 % .
C e w tta i, so ld in fo re c lo s u r e . In A u g u s t, 1891, p u rch a sed th e B r in k le y
B o m > — T h e guarantee fund notes a r e se c u re d b y a se c o n d m o r tg a g e
s
H e le n s A In d ia n B a y R R ., 2 1 m ile s , w h ic h is to b e m a d e s ta n d a rd
g a u g e lik e th e r e s t o f th e rea d . S to c k , $ 1 ,5 0 6 ,0 0 0 ; p a r, *1 0 0 . M o r t o f th e A tc h is o n m a in lin e In K a n s a s and th e d e p o s it o f th e C h ic a g o
S a n ta F e it, C a lifo r n ia lin e a n d t e r m in a l s to c k * (in C h ic a g o ) w it h t il*
g a g e Is fo r * 510,000 -, bond.* a r e s u b je c t t o c a l! a t 1 1 0 « t t th r e e m o n th s '
n o tic e . I n y e a r 1992 g ro ss e a r n in g s w e r e $ » » , 6 I 7 : n e t. $ 1 3 ,6 1 3 . in B o s to n S a fe D e p o s it A T r u s t C o., tru stee .
T lio general mortgage 4s. U n io n T r u s t C o m p a n y o f N e w Y o r k ,
• w j j f l k * * * 9 5 ,2 3 5 ; n e t, $ 4 0 .8 4 ? j I n t e r e s t , *5 ,2 9 1 ; b a la n c e , su rp lu s,
T r u s te e , c o v e r th e e n tir e p r o p e r t y o f th e c o m p a n y , a ll sh ares o f
s to c k o w n e d o r c o n tr o lle d a n d n a m e d in c ir c u la r 03 (Y . 49. p. 5 0 4 ), a ll
A s h e v i l l e Ac S p a r t a n b u r g .—(See Map Richmond A Ikmville).— bo n d s o w n e d and p le d god u n d e r tru s t d e ed s, a m i a ll s e c u r itie s d e p o s ite d
SWhh tram, S p a rta n b u rg J u n c tio n , 8. C „ to A s h e v ille J u n c tio n , u n d er th e r e o r g a n iz a tio n . T h e is w e r e a u th o r iz e d t o a n a m o u n t n o t
N . < ..6 0 m iles . S o ld In fo re c lo s u r e A p r il. 1891, a n d re o r g a n lx e d . Con- e x c e e d in g $ 1 5 0 ,0 0 0 ,0 0 0 o n p r e s e n t p r o p e r t y , t o c a r r y o u t th e r e o r g a n i
t e w . f f R ic h m o n d A W e s t P o in t T e r m in a l, w h ic h o w n * *1 ,0 4 7 ,9 8 1 z a tio n plan, and a d d itio n a l a m o u n ts a t $2 0 ,0 0 0 n o r mi1o fo r e x te n s io n *
o f th e $ l,O Y f),0 O O sto o k , an d $ 2 1 5 ,0 0 0 se co n d m o r t g a g e bo n ds, a n d has o r d o u b le tra c k . In t e r e s t o n o ld In co m es w n » p a id as fo llo w s : I n 1890,
p le d g e d th em a il (e x c e p t a fe w sh ares o f sto c k ) n a ile r its c o lla t e r a l 2 % p e r c e n t ; In I 8 9 t , 2 p e r c e n t s In 1 8 9 2 ,2 % p e r c e n t .
Abstracts o f a ll the p r in c ip a l p r io r m o r tg a g e s o f the Atchison T opek a
t r u s t o f 1889, D e fa u lt o c c u rre d O c to b e r , 1892. on co u p o n s o f flrs t
m o r t g a g e see R ic h m o n d A D a n v ille , En 1890-01 g ro ss e a r n in g s w e r e A Hanta Fc R ailroad Com pany w ere published In the CmtoNICl.li, V. 49,
Ac
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A T L A N T IC & P A C IF IC
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ST. LOUIS & SAN FRANCISCO’
RAILWAY
A T C H IS O N , T O P E K A & S A N T A FE ^
R A IL R O A D
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RAILR 0A 1 SYSTEM.
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INVESTORS’ SUPPLEMENT.
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S u b s c r ib e r s w i l l c o n f e r » g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Bonds—P r in c i
IN T E R E S T OR D IV ID E N D S .
R A IL R O A D S .
pal,^When D u e.
M iles D ate Size, or
A m ou nt
Par
R a te per When Where P a y ab le, and b y Stocks—L a s t
of
of
F o r explan ation o f colum n headings, etc., see notes
Outstanding
W hom.
Cent.
P a y a b le
Bonds Value.
D ivid en d .
Road.
on first page o f tables.
A frA ifo n System.—Atlantic d Pacific.—(Concluded)
Central D iv., 1st land grant m ort., cu m ulative, .o’'
In com e bonds, non-cum. ($18,750 per m ile)..o *
—
Atchison System—Cerrillos Coal K R .—
le t M., gold, guar., s. f., subject to ca ll at p a r ..c *
....
Atchison System—Colorado Midland —
240
1st m ortgage, ($25,000 per m ile) g o ld ................o*
267
Consol, m ortga ge fo r $6,000,000, gold, g u a r .. . .c*
Equ ipm ent bonds, s. f., draw n at 105, g o ld ...... o*
Equ ip, bonds, B., dr’n a t 1 0 5 a fter 1894, g o ld ...c .
—
Busk Tunnel R ’ y 1st M .f gold, guar., red. at 105.C*
Atch ison System— St. Louis d San Francisco—
2d m ort. (now 1st), A , g o ld ) (Pacitic to Seneca,c* 294
294
Series B, g o l d .................. > M o., A branches, c*
294
Series C, g o ld .................. >
294 miles.
c*
82
Mo. & West. RK . 1st M ., g. ,$5,000yearly dr. a t 105. o*
103
8t. L. & San F. col. trust gold, sink. fd. not d ra w n .c*
964
Gen. M., g. (1st on 365 m.) $7,807,000 are 6s.c*
55
Oollat. T r .M . o n b r’clies ($20,000 p. m .),g o ld ..c *
Consolidated M. $50,000,000,gold, g u a r...o *A r 1327
Equip. M., gold, $80,000 dr. ann’lly at 105.0*
Equip. Trust, gold, $23,000 due each A . & O ..
8t. L. Wich. A W est. 1st M., red. a t 105, g., gu ar, .c*
145
62
K an. C. A S. W. 1st M., g., red. a t 110, int. guar..ox
8t. L. Kan. & S. W. 1st M., g., guar., red. a t 1 1 0 .c
70
8t, L. Salem A Ark. 1st M .,gold, guar.,red. at 1 0 5 .o*
54
K a n .M idland 1st M .,g o ld ,$1 5,000p .m .,g u a r ...c
107
Ft. 8. A Van Bur. B rid ge l e t M , g., dr. at 105, guar.
Atchison System—Southern California —P r e f. stock. 491
1871 $500Ac.
1,000
1882
$31,004,357
$4,842,149
2,670,736
12,334,867
1,072,634
$33,663,716
$5,074,672
3,399,204
14.482,151
1,087,142
A t Mat.
J. & D.
6
6
1892
1,000
1,000,000
4 g. J. A
1886
1890
1888
1890
1890
1,000
1,000
1,000
1,000
6,250,000
4,852,000
359,000
216,000
700,000
6
4
7
6
7
1876
1876
1876
1879
1880
1881
1887
1890
1880
1884
1879
1886
1886
1886
1887
1885
100 Ac.
500 Ac.
500 Ac.
1,000
1,000
1,000
1,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
p. 546-551, and o f the g e n e ra l m ortga ge in V . 49, p. 857,861, and o f the
n ew second m ortga ge m V . 55, p. 101
T h e second mortgage o f 1892 covers a ll the p ro p erty o f the A tch ison
nam ed in cirfialar 63 (see V . 49, p. 504), and secures $80,000,000 o f class
A &©nds,wliich w e re g iv e n in exchange d o lla r fo r d o lla r fo r the incom e
bondB, the class A bonds bearin g 2 hi per cent in terest till Oct. 1,18 93 ;
then 3 p e r cent t ill Oct. 1,1894; then 3 ha p e r cent t ill Oct. 1,1895, th ere
a fte r 4 p e r cent t ill m atu rity.
I t also secures $20,000,000 class B bonds, w ith in teres t a t 4 p e r cent
p e r a n n u m ; but n ot m ore than $5,000,000 o f these can b e issued in any
one year. T h e proceeds o f class B w ill be a pplied o n ly to sp ecific im
provem en ts (including equ ipm ent), on the m ileage o f th e A tch ison sys
tem as i t ex isted as o f Ju ly 1,1892, ex clu sive o f the St. Lou is A San F ra n
cisco and Colorado M idland roads. U nder the n ew m o rtg a g e the com
pa n y w ill h ave the fu rth er right, w hen a ll the class B bonds shall h ave
been issued, to pu t ou t 4 p e r cent gold bonds n ot ex cee d in g $2,500,000
p e r annum, fo r the sam e specific purposes on the sam e m ilea g e to a tota l
lim it o f $50,000,000. A ll the bonds to be issued under this m ortga ge
h ave the sam e lien, no one h a vin g p rio rity o v e r an y other. P r a c tic a lly
a ll the incom es h a ve been exchanged. See m ortg a g e abstract, w ith
pla n o f conversion in fu ll, V. 55. p. 101.
C u r r e n t L iabilities .—On June 30,1892, ffross cu rrent lia b ilitie s
em b racin g $6,525,000 bills pa yab le (w hich includes fin an cin g St. L. A
San F ran, and Col. M id lan d under bond issues o f those com panies and
fu lly p ro v id e d fo r) am ounted to $16,446,644, a ga in st $14,010,946
June 3 0 , 1891. Cash and cash offsets $17,912,030, o f w hich $4,471,352
in cash, $4,533,985 in bills, etc,, receiva b le, and $8,906,692 in securi
ties. See V. 55, p. 985.
F i x e d C h a r g e s , F i n a n c e s , A c .—T h e com pan y rec e iv e s $30,000 a
month fro m the Sonora subsidy, pa yab le in M exica n cu rrency. P a y
m ents began in Augu st, 1890, and w ill continue t ill $1,681,400 in a ll
has been paid. See V. 52, p. 49.
T h e fix ed charges ahead o f the stock, u nder th e in com e bond co n ve r
sion plan, supposing a ll the incom es to h a ve been co n ve rted in to second
m ortga ge bonds, w ill be as fo llo w s d u rin g the n e x t fo u r years: I n y e a r
1892-93, $10,200,000; in 1893-94, $10,700,000; in 1894-95, $11,300,000; in y ea r 1894-95, $11,900,000; th erea fter, i f no fu rth er second
m ortga ge bonds are necessary, $12,000,000. T h e charges as here
stated include taxes, rentals, ca r trusts and in terest, bu t no contin gent
chargee. See circular, V . 54, p. 887.
L a t e s t E a r n i n g s .—F o r 7 m onths en din g Jan. 31 results, including
Col. M id. and St. Lou is A 8an Francisco, w ere as fo llo w s , the balance
o v e r charges in clu d in g m iscellaneous incom e.
7 mos. Gross eam'gs.
Xet earnings.
In t., rents, dc.
Bal., sur.
1892-3. .$30,646,326
$10,075,422
$8,358,000
$2,242,422
1891-2.. 28,764,468
9,500,799
8,344,000
1,681,799
A n n u a l R e p o r t .— F iscal y e a r ends June 30. A n n u al m eetin g is
h eld on la st Th ursday in October. T h e annual rep ort fo r 1891-92 w as
g iv e n at len gth in the C h r o n i c l e , V . 959, 976, 986, s h o w in g :
OPERATIONS AND FISCAL RESULTS.
Year ending June 30.
1889-90.
1890-91.
1891-92.
7,110
7,114
7,130*23
M ilee op erated June 30......
P a ssen ger ea rn in gs.............
$6,610,034
$7,248,694
$7,377,995
F r e ig h t..................................
21,733,154
23,329,649
25,803,383
M a il.......................................
742,917
871,550
895,910
E x p re s s .................................
764,552
769,241
809,732
M iscellan eou s......................
1,153,700
1,444,582
1,551,167
T o ta l gross ea rn in g s....
M aintenance o f road, A c ..
M aintenance o f equipra’ nt.
T ransp ortation and traffic..
G en eral................................
$796,629
1,823,000
$36,438,188
$4,954,113
4,064,561
14,956,485
1,235,773
T o ta l op eratin g expen ses. $20,920,386 $24,043,169 $25,210,933
N e t ea rn in g s......................... $10,083,971
$9,620,547 $11,227,255
P e r c. o f oper. e x . to ea rn s..
67*48
71*42
69*19
INCOME ACCOUNT OF CONSOL. SYSTEM.
1890-91.
1891-92.
N e t ea rn in gs.................................................... $9,620,547
$11,227,255
A d d incom e from investm ents, A c ................
770,156
818,280
T o ta l n et incom e........................................ $10,390,702
$12,045,535
In teres t on guaranteed fu nd n otes..........
$420,000
$407,822
“
“ 4 per cent generals......................
5,024,286
5,102,182
4
4
4 5 p e rcen t incom es......................... (2)1,587,791 (212)1,992,160
4
4
4
4 other bds (incl share o f A . & P .).
4
478,255
470,902
R e n ta l o f tra ck and roilin g s t o c k ...............
614,979
619,820
R e n ta l o f M ojave D iv.,(o n e-h a lf)..................
218,133
218,133
T a x e s . . . . . ...........................................................
1,240,018
1,103,500
St. Lou is A 8au Fran, (agreem en t Oct., ’ 86 ).
260,302
323,309
M iscellan eou s..................................................
92,395
242,802
T o ta l d e d u ctio n s.....................................
$9,936,159
$10,480,630
B alance, surplus.............................................
$454,543 $1,564,905
— (V. 53, p. 21, 107, 125, 137, 474, 639, 898, 9 2 0 , 921, 9 2 3 ; V. 54,
p. 158, 202, 242, 287,525, 642, 886, 1029,1047; V .5 5 , p. 100, 101, 215,
297, 331, 421, 503, 722, 723, 765, 9 5 9 ,9 7 6 , 9 8 6 ,1 0 3 4 ; V. 56, p. 413.)
g.
g.
g.
g.
g.
J.
F.
M.
J.
j.
A
A
&
A
&
500,000
6 g.
2,766,500
6 g.
2,400,000
6 g.
1,055,000
6 g.
1,102,000
6 g
20,100,000 5 A 6 g .
1,099,000
5 g.
4 g.
11,610,000
201,000
7 g.
73,000
6 g.
2,000,000
6 g744,000
6 g.
890,000
6 g810,000
5 g1,608,000
4 g409,000
6 g.
See text.
M.
M.
M.
F.
F.
J
A.
A.
J.
A.
M.
j.
M.
J.
J.
A.
A
&
A
A
&
J.
N ov. 1, 1901
June 1, 1922
N ew Yorlc A gen cy.
D. N. Y ., C entral T ru st Co.
A.
do
do
8. N . Y .B a rin g,M a g’ n A Co.
J.
do
do
j . N . Y . , C ontinental Tr. Co.
N. N .Y .B a r’g.M agou n A Co
N.
do
do
N.
do
do
A.
do
do
A . N. Y ., U . S. T ru st Co.
A J. N . ) .B arin g,M a go’n A C o
A 0. N . Y ., U n ion Trust.
A 0. N .Y .B a rin g ,M a g o ’n A C o
A D.
do
do
do
do
A O.
do
do
A S.
& j.
do
do
A S.
do
do
do
do
& D.
do
do
AD.
do
do
A O.
Jan. 1, 1904
June
Feb.
Mch.
Jan.
J u ly
1,
1,
1,
1,
1,
1936
194©
1898
1900
1935
N o v. 1, 1906
N o v . 1, 1906
N o v. 1, 1906
A ug. 1, 1919
A u g. 1, 1920.
J u ly 1, 1931
Oct. 1, 1987
Oot. 1, 1990
June 1, 1895
A.AO.$23,00<>
Sept, i , 1919
Jan. 1, 1916Sept. 1, 1916
Dec. 1, 1936
June 1, 1937
A pr. 1, 191©
A t c l i i s o n S y s t e m . —A t l a n t i c Ac P a c i f i c . - C ^ e e lf a ] ) J .- L iN E o f
R o a d .—Ow ns W estern d ivision from Isle ta , N . M., near A lbu qu erqu e*
to B ig Colorado R iv e r, 560 m iles, w ith branch, 4 m iles, and C en tra l
D ivision , fro m Seneca, Mo., to Sapulpa, In d . Ter., 112 m iles. Leases
from B ig C olorado R iv e r to M ojave, Cal., 242 m iles; tra ck a g e A tch . T.
A S. F e to A lbu qu erque, N. M., 13 m iles ; branches to m ines, qu arries*
etc., 16 m iles; to ta l operated, 947 m iles.
H istory a n d Stock .—C hartered b y a ct o f Congress J u ly 2 7 , 1866*
an Im portan t lin k in the A tcliison system. A u th orized stock $10 0,000,000 (par, $100), o f w hich $79,760,300 lias been issued, $51,503,800 o f
this b ein g ow n ed b y the A tch ison T o p ek a A Santa F e and th e St. Lou ie
A San Francisco com panies eq u ally and deposited in tru st fo r th irty
years. Th e stock is classed thus: W estern D ivision , comm on, $78,281,600; M issouri D iv. p r e f., $78,700; C entral D iv ., p ref., $1,400,000.
B o n d s , A c.—T h e tru st bonds d u e in 1937 a re guaran teed s e v e ra lly
(but not jo in tly ) b y the A tch ison and St. Lou is A San Francisco, each com
pany gu aran teeing one-half o f each bond. T h e y are redeem able at any
tim e a t 105. T h e 2d m o rtg a g e bonds are n o w held b y th e guarantors.
[A b stracts o f a ll the m ortga ges in V . 49, p. 302.] D eferred lia b ilitie s*
bein g sums due A tcliison and St. L . A San F ran cisco, June 30,1892,.
w e r e $13,47 3,704.
P u r c h a s e f r o m S o . P a c .—I n 1884 the Southern P a c ific sold th e 242
m iles o f road from M o ja v e to Th e N eedles, to this com pan y fo r $7,271,100, payab le in A tla n tic A P a cific first m ort. bonds, issued on said 24 2
m iles to am ount o f $6,059,250, and $1,211,850 in cash. U n til clear t it le
to this p iece o f road is g ive n , the A tla n tic A P a cific has possession and)
pays 6 p e r cent p e r annum on the $7,271,000. T h e same n ego tia tio n
g a v e a r ig h t to run through trains to San F rancisco o v e r th e Southern
and C entral P a cific lines eith er on a m ileage basis or at 3 p e r cent p e ?
annum on $40,000 p e r m ile. See Y . 39, p. 208; V . 40, p. 50.
L a n d G r a n t .— Th e g ra n t claim ed under the o ld A . A P. ch arter o f J u ly
1866, is 25,600 acres p e r m ile in T e rritories and 12,800 acres in States*
On the W estern D ivis ion the com pany has earned under its gra n t 20,295,296 acres o f land, 5,330,296 o f w h ich w ere sold to June 30, 1892,
lea vin g 14,965,000 acres undisposed of. M ap o f la n d gran t w as publish
ed in C h r o n i c l e , V . 36, p. 468. T o ta l receipts y e a r 1891-92, $41,778.
E a r n i n g s .— In y e a r en ding June 30, 1892, gross w e re $3,361,400*
against $3,253,977 in 1890-91; net, $550,064, against $23,323;
fix ed charges, $1,711,524; deficit, $1,161,459, against d eficit in 1890-91
o f $1,793,730; in terest on u nfu nded debt due A tch. and St. L . A San.
Fran. $581,296. (V. 53, p. 603, 753, 793 ; V. 55, p. 638, 989.)
A t c l u s o n S y s t e m —C e r r i l l o s C o a l R R . - O w n s 26,000 acres o f
coal lands a t C errillos, N e w M exico. C ontrol acqu ired b y A tch ison in
January, 1892, and ab ove bonds guaranteed. Th e sin king fu n d is to
r e tire the en tire issue b y m atu rity. See V . 55, p. 983.
A t c l i i s o n S y s t e m . —C o l o r a d o M i d l a n d . - ( 5 e « Map .)—O w n s
fro m C olorado Springs to N e w Castle, Col., 234 m iles; A spen branch, 18miles; Jerom e P a rk branch, 15 miles; leases N e w C astle to R ifle Creek,
14 m iles; R io G rande Junction R R ., R ifle Creek, Col., to G rand Ju nction,
on the R io G rande W estern, 62 m iles; other, 7 m ile s ; to ta l, 350 m iles*
The B usk Tu n n el is s till u nder construction.
H i s t o r y a n d S t o c k .— C om pleted Oct. 15,1888, and in O ctober, 1890*
A tch ison purchased en tire ca p ita l stock o f $8,000,000. V . 51, p. 608.
B o n d s .—A b s tra c t o f first m o rtg a g e in V . 45, p. 540, and o f consol,
m o rtg a g e in Y . 51, p. 572. C entral Tru st C om pany is tru stee o f both*
T h e consols are guaran teed (b y endorsem ent on the bonds) as
to both p rin cip a l and in terest by A tchison. B oth issues o f equ ipm en t
bonds are redeem able by sinking funds a t 105, and a re to be paid a t
m atu rity a t sam e rate. Th e Busk Tu n n el bonds ($1,500,000 au th or
ized) are guaran teed p rin cipa l and in terest b y the M id lan d a n d areredeem able b efore m atu rity at 105. See V. 51, p. 142, 248. G u aran
tees jo in tly , w ith D e n v e r A R io G rande, th e $1,850,000 bonds o f the R io
G ran de J u n ctio n R y., w h ich see. D ue A tch ison J u ly 1,1892, $781,264.
E a r n i n g s .—F rom J u ly 1, 1892, to Jan. 31, 1893 (7 m onths), gross
$1,290,983, against $1,223,677 in 1891-2; net, $242,394, against
$327,797. In y ea r 1891-92 gross earnings w e re $2,103,600; n et*
$563,582; fix ed charges, $763,733; deficit, $200,150. I n 1890-91 gross,
$1,968,265; net, $581,367.
(V . 53, p. 256; V . 55, p. 551, 9 7 6 , 9 9 5 ;
V . 56, p. 164, 247.)
A t c l i i s o n S y s t e m . — S t. L o u i s Ac S a n F r a n c i s c o . — (See M ap.)
O wns St. Louis. Mo., to Seneca, 326 m ile s ; P ie rc e C ity to Wichita,.
Kan., 217 m iles ; M onett, M o., to Paris, T e x ., 303 m iles ; branches, 1 9 7
m iles; to ta l ow ned June 30, 1892,1,046 miles. Leases 282 m iles, a n d
h a lf ow ns th e A tla n tic A Pacific, 947 miles; W ich ita A W estern, 125
m iles; tota l (counting one h a lf o f m ilea g e h a lf ow n ed ), 1,864 miles.
O r g a n i z a t i o n , A c .—Th is com pan y w a s organ ized S eptem ber 20p
.
1876, as successor to the A tla n tic A Pacitic in Missouri. In M a y , 1890*
the A tch ison Top ek a A Santa F e assumed control. V . 50, p. 734,771.
W ith the A tcliison this com pan y guaran tees se ve ra lly , n o t jo in t ly ,
one-half the first and second m ortg a g e bonds o f the A tla n tic A P a cific,
o f w hose securities it ow ned on Ju ly 1, 1892, $27,931,450 stock, $777,000 C entral D ivision incom es, $331,500 W estern D iv is io n incomes^
and $2,293,000 second m o rtg a g e bonds.
C a p i t a l S t o c k .— Th e com m on stock is $35,500,000; p r e f e r r e d
(7 p e r oent non-cum ulative), $10,000,000; 1st p re ferred (7 p e r c e n t
non-cum ulative), $4,500,000—par, all, $100. T h e stock is a ll o w n e d
by the A tch ison Com pany. N o dividends since F eb ru ary, 1890.
B onds .—The consolidated 4 per cent mortgage of 1890 for $50,000,-
000 covors all the property, equipment and lands, subject only to-
Subscriber* w ill confer a great fav o r by giving In
R A IL R O A D S ,
o n firs t p a n e o f t a b ic *
p. c. r e n t R Ie h . A D.)
P r e fe r r e d m o r tg a g e , r e d e e m a b le M 10 0 ............. c*
1st m o r t g a g e .............. ....................................... ....... *
I n c o m e bo n d s ,u o t c u m u la t iv e ), g u a r a n t e e d . ... r
26 9
265%
265%
Atlanta A Ptorida-Btoek....
1877
1877
i8 6 0
....
18 89
.
1891
105
105
1 st m o r tg a g e i$ 8 ,0 0 0 p. in .)
A t la n t a A # e * t P o » U ~ S to c k
D e b e n t u r e c e r tific a te s .......
Attend ie City—
Common s to c k .
P r e fe r r e d s t o c k ....... .................... ................................
86
.
97
97
83
2 *3
150
63
76
103
00
...... ............c*
A D o «r «ft< — 1st tu ort. gal<l. $ 16 ,0 00 p . m . f
~
£ s o o r * n « - 8 t . w': , $* r e n 'ta l G r a n d T r |*
k , » re
i
M a pu a ta d Sanaa r a f t —S t o c k 7 * r e n t a l C e n tr a l G a ,
d a i ' i n d , v s r t « s m t - b t m e n . fo r $ 1 2 5 ,0 0 0 ...
Atlantis, A m.
M ott., $ 20,000 p.m., gold, ga. i>. 41 . So. Pac.e- At
Bald B a g U fa U e g — 1st tuort. ■* , f . . d r a w n a t 1001 . . r
S olti mars BeU-Sgg. B k tn m w n A O n t o .
Balt. A Batten .than- C o n s o L m o r tg a g e , g o ld . e * * r
1999
1987
1989
1.991
1880
...................
1892
1 9 ,0
189*3
1,000
1,000
1,000
1 ,0 0 0
IrQM
*3 6 ,0 7 7 .5 0 0 d ir e c t m o r t g a g e bo n d s o f t h e c o m p a n y o n it s o w n a n d
le a s e d lin es. S u ffic ie n t c o n s o l* w e r e r e s e r v e d t o r e t ir e th e s e p r io r B en *
a t m a t u r it y , a n d fu r th e r a m o u n t * w e r e a p p lie d t o p u r e h a * * o f A . 4
P m . g u a r a n te e d 2 d 6 » a n d t o to- r e t ir e m e n t a t p a r o f $ 1 ,5 6 6 ,0 0 0 o f
1 s t p r e fe r r e d s to c k . S e e V. 53. p. 297.
T h e c o n s o lid a te d b o n d * a re
(g u a ra n te e d , p r in c ip a l a n d In te r e s t, 'tor t h e AU*hi«**u C o m p a n y , b a d a r e
L a m m .— A M t t o w e r e e s tim a te d J u n e 3 0 ,1 8 9 2 , a t $4 49 ,30 3.
I u r a e r E * l o v i » o * . - j a l y 1, 1 * 9 2 , to J a n . I I , 1993 (7 m en t h a t grew*.
$ 5 ,7 6 6 ,9 6 0 . a « » L # 5 . 130,37 H a l -3 1 2 : n e t. SO, 17 8 ,6 4 « « * t . $ 2 .1 4 0 ,4 8 3 ;
- P t a ^ t a d t a g " 'h e r
A a g fia t . B a r o r r . — F to ea l y e a r e n d * J u n e 90. R e p o r t f o r 18 91-92 v u
t o V . 5 5 , p. 9 7 6 , 99 3 a n d th e fo llo w in g l* f o r th e ,«*t I,. A 8. F. p r o p e r .
rear, end June 3 0 1 R 3 *# 0 .
1890-91.
lJtB l-92.
G ro w earn ta g s..............................
$6,394,069
$6,746 AOS $7,053,228
K e t ea rn in g s .......................................$ 2 ,9 1 4 ,6 8 9
O th e r in c o m e ......... .............
100,933
$ 2 ,9 0 7 .0 3 ) $3 ,0 1 0 ,0 4 4
7 2 .9 3 6
156,992
T o t a l . . . . . . .................................... $3 ,015,621
'
C h a r g e * (t a d , Im p ta l a l - « > o t .
W M M
$2 ,9 9 0 ,5 7 8
3 .0 7 9 ,9 2 0
$ 3 .1 9 7 ,0 3 6
2.6 1 0 .4 1 9
U a la n r e . .......... ..................... ...* u r .«4 43.021 d * f$ O O B 4 4 .u r # S r o l,6 l$
— <V. 54, p. 24 4. 276. 1 0 4 8 . Y . 55, p. 1 0 0 .2 9 7 . » 7 0 , 9 9 3 .1
A t c h i s o n S y s t e m — S o u t h e r n C a l i f o r n i a ,—4Bat M a p ,.—O w n s
a l l th e C a lifo r n ia lin e * o p e r a t e d b y A tc h is o n , r e a c h in g B a r e to w . San
D ie g o , L e a A a * w te a , e tc .. 491 m ile * in a il. A tc h is o n o w n * a ll th e i d , 7 3 2 .0 0 0 cam. a n d $ 3 ,0 1 6 ,8 0 0 o f th e $ 0 ,0 7 2 ,0 0 0 p r e f. sto c k . B o n d ed
-d e b t OB * 7 5 m ile * J * « , j , I f f i y t In c lu d in g in c o m e * . $ 1 2,294 ,7 40. A n
n u a l Interest charge, In r ln d ln g ln c o m r a .$737,064, the bond* b e ln r all
M id p r a c t ic a lly a ll h e ld l a
t r u s t u n d e r t h e A X cb taon m o n g n g e a t
A tla n t a *
< b a r lo tte
U r L i n e . —O w n * from C harlotte, N , C.. to
Punned FehnM fy 27, 1*77, after foreclosure.
L l A M t t OB M a rch 2 6 .1 * 8 1 . to t h e K t e t a u m d A D a n v ille t o r mi y ea rs,
* » * t o fit a l o f * 4 6 6 ,5 0 0 p e r y e a r .
to t h e In t e r e s t o n d e b t a n d 5
® e r e e n t e n sta ck , i f grew * e a r n in g * * t r e e d $ l,5 0 (9 ,< **). d i v id e n d . t u b e d
p e r e a a l ; andM t h e y ex ceed r
,.kjii 7 <•*- ,, „ t
lin e iti. fet»»n ! A
fa rJ jU tta rn ts a t » . t a p e r t h a t c o m p a n y ', b a la n c e .b e e t o n J u n e
3 0 . 9 0 , * 1 ,2 2 0 .1 7 0 R ic h . A D an. w e s t In to r e c e iv e r '* b a u d * In J u n e . "92, l * ' ' b e s t * * b a s e b e e n - F r o m 1.981 t o 1 « * 9 , t a e i i u t v a , 3 p e r r e n t y e a r ly ;
l a 1 8 9 0 .5 1 * ; to 1 9 9 1 .8 ; in 1 8 * 2 , 6 ; In 1993, M a rc h , 3 /
1 to
, . 3 l . I 4 9 2 . i l* . . ,
.
w e r e $ 7 47 ,12 1, a g a in s t * * 1 6 ,6 2 0 in 1891. H)
i, w ta ia s t * l A l « . 4 1 8 t n
f M p o r t io n o f r a a d in « * e r * l a t e r r e a r e n d in g J u n * 3 0 . 1992.
ci
m r o la g s w e r e 8604.U 97; n et, $1 9 4 ,5 7 6 .
2918) g r o w w a o o s - s w t i r e r o a d w e r e
gr-.— r t lijj-.
A t l a n t a A F I _______ * _______o_ o _______ IHHMlH f t g i o F o r t Y a H r y
r i d * 7 0 * # * f 't I f l W I l M t t t t a
G a , on Central OeorgU Railroad. 105 mile*; ettenalon j t id e w a te r ■p u r
le e t r e l .E a rly la l i f a. ! -------B . w-eve IaH Otatad L V ,. 54., p 2* 7,
nwreivura’ e r o ppa S C
V 54 r.
S B 0 ® lfW ‘ S B # m T . B" . «,#mrre*i. ftjm r'm le m tte *mm m-m t-o imM# |s?a.rc!
*** ..a n
um»m t » '** *
*- w f l a r r o t t . e r n e e im u m « * l * * a * t o ta k e p ja e e
Fh
•>$ t9 9 &
^
u < fl « 9 n o * o o o t*
t
T nm t
C m ttrm iM , Jkm pmU
tm j m r « s d » s ^ J v m 30,
» £
3
S
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^
K
5
:
w e"
* M " * ‘ F o l n l . - O w t > * fr o m A t la n t a , < )• ,. t o » V . .- P o in t,
a r o n t r o l t i n g in te r e s t in t b t « e o m p a n r
* “ ? M 9 » ‘ red by the C e n tr a l G e o r g ia tarem gh p n re h a ** o f $ 1 — v « . s t , . , k
a n d th e tea se a t th e G e o r g ia R a ih n a d , u n d e r w b lr b le a s e $ 4 1 0 ,9 0 0 s to r k
a m t th e e a m e u m n a * o f debt. r e e B B e a tm a r e h e ld . A n y m o r tg a g e
t o n e d n . - . i b e .u te.rd in .v te In lien t o the d iv id e n d < * r t U I « » t e *
F rom
tar par f B ' yearly.
From !i ,s » * , 1 ,1 . 94, to July 1 ,1 893,0 m m e-eut1' ' * T « r r e n t p e r a nnu m .
Jaa. i# 9
K r a x t y o a — F ro m J a n - 1 t o A u g S i . I -;>■„• ) * m o u th .), g r o s . e a r n in g .
rear ending JuneJrt.
'
' 1 1849-‘ 9 0 . g r o w .
. . . .
» A a * J 3 S f ^ } ‘ » * 7 '^ ™ ‘* ™ t o A tU o t ir . C ity .54 mite-; w ith b ra m l „ 4, .
tod litero m ’ 1 r M
1! " 1
*** leaned, fiffisnlidatton In Issil o f the
£ hi •
k,,A *iaJ S c K R - 'iu,i n(h,:T "b*"*- • • • o tr o li.- l i.y r t m ,
Ita S ^ fiC a K^ ? m . u R , -,
R
n l, < " " * * * * ' ■ G « » < * • Trust * - l b .
, ' *■ o f Rhlltelelphla Floating .l. bt Jannart I i l *6 to .jro .
.1.-M ‘
In l.fbi SCT«*S . iri.iv.x. o r-' ¥903,845 ; net over «t|*eu..>., #133J5«7,
$.-u5,6
a e 's e v r o S n
Cter. o,?,o r.n
f
, » » n v l l l e . - C - u n p l e t o l F e b ru a ry , I - 1 0 . P o rts m o u th
V°
m,lM-and James R iver Junction to
1461' r
e
1 i’ o!
! * * 1 V * V ? -,I ” 2 « * v * •gPB’ fitod-
w » - e 'ratho^f.id' v“
r a
r e v s f r e t o
M
t o " * " 3 fo o t g a u ge.
Receiver
In J a n u a r y ,
i.» now A lfr e d
I*. Thom .
l $ » l . 9330.01)0 r>-.»lvt-r's eertlSeate*
e r - a
n
t t l e
Trust Co.
S lo e *
» u h o rtred . $ 2 0 ,0 0 0 p e t m ile ; o n s -ta n d in g . $ 5 ,7 5 4 ,9 9 0 , p a r. $ 1 0 0 ; e a r
e
.11. A S. N. Y .C e n t.T r .C o .,5 4 W a tl
A . A O.
do
do
do
do
J. A J.
do
do
A. A 0.
Mar.
A p r il
Jan.
A p r il
M. A X . M a y , 1 8 9 2 , c o u p o n s on .
A t la n t a , G a.
J. A- J.
J. A J.
A tla n t a , G a.
N o v . 1, 1939
(1)
C o 's o p tio n .
A N P h ilu ., 2 2 7 S o n th 4 th S t
A O. ... .T . V '. ,:•,.!!! :
A s. L o n d o n a n d P o rtla n d .
A D . S a va n n a h , C o .'s O ffice .
A J. N. Y ., A t l a n t i c T r . Co.
A J. X. Y - .S o .P . C o , 23 B r o a d
& A . P h fia .,P .ln * T r .A S .D e p .
M a y 1, 1919
O ct. 1. 19 17
M a r ., 1S93
D e e ., 1892
J a n . 1, 1899
J u ly 1, 1941
J a m 1, 1902
6,
1,
1,
1,
1S93
1897
1967
1960
—
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S
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7 per
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J u ly , 19 20
V a rio u s
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1932"
B a lt im o r e ,
J. A J.
J a n . 1, 1919
J* A D .
do
J a n e 1, 1939
M . A 'S\ B a lt . O ffic e . C en t. B ld g , N o v . 6, 1892
do
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J a n . 1. 18 93
do
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4
A t W ill
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do
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O e t 1, 1935
6 g. M A H. L o a d ’ u .B a r in g B ro # A O o M ob. 1, 1895
do
do
M ob. 1, 1902
B ft. M. A S.
M a y , 19 10
« S- M. A- X .----------o n J .S ,M o r g a i------J. A J.
J u ly , '9 3 -1 9 0 0
6
B a lt im o r e . O ffice,
F eb . 1, 1988
5 $• F . A A . N . Y ., C n io u T r u s t Co.
t r a c t * , f i t 13.900 J u n . 30, 1891?
ir r e n t lia b ilitie s . $ 6 2 7 ,1 7 3 . In J a n n a r y , 1 8 93 . a b o n d h o ld e r** o o m n u t u e w a v fo r m e d . A d d r e s s E H e r i" L o th b u ry , L o n d o n . <V. 5 0 , j>. n u .>
tag® , *
A u g u s t * A s a v a n n a h . —O w n s fr o m M ilie u t o A u g u s t a , G a .. 53
m ile * . L e a s e d in p e r p e t u it y t o C e n t r a l o f G e o r g ia f o r $ 7 3 ,0 0 0 p e r
a n n u a l. H u no b o n d e d d e b t F r o m M a r c h 4 to S e p t 3 0 ,1 9 9 2 . g r o s s
e a r n i n g , w e r e $.120,040; n e t, $ 3 8 ,2 3 5 . in y e a r 1890-91 g w . * , $2 32 -.
4 0 3 , to t. $ 7 2 ,3 1 0 . a g a in - t $ 0 3 ,4 5 2 la 1 8 8 9 -9 0 ; r e n t a l, 9 7 3 ,0 0 0 .
A u s t in A N o r t h w e s t e r n . —O w n * fr o m A u s t in t o G r a n it e M o u n t
a in , T e t * . . 74 m ile * , a n d fr o m F a l r l a o d t o L la n o , 3 0 in ties ; t o t a l, 103
m ile * , a l l s ta n d a r d gauge,. I n 1902 c o n t r o l w a * a o q u lr e d b y p a r t is *
In tel. . 1,6 in th e H o u s t o n A T e a s . C e n t r a l. S t o c k M U t o r t o e d . $ 7 5 0 ,0 0 0 : o u ta ta u d in g , $ 7 2 4 ,0 0 0 ; p a r $ 100. T h e la n d g r a n t » » > 0 0 0 ,0 0 0
a cre*
M o r r o a o * t r u s t e e A tla n t ic T r u s t <’« . T h e 5 p e r o e u ta h a v e
p r in c ip a l * i ,d in t e r e s t g u a r a n te e d b y th e S o u th e rn P a c ific C o m p a n y .
E a » s m » * — F r o m O c t o b e r 1 ,1 8 9 1 . t o J u ly 3 1 , 1 3 9 2 (1 0 m n a tlta l. g r o s s
e v r n t a g . w e r e $ 2 18 ,$ 3% n e t. $ 9 9 ,7 9 5 . ~ < V . 5 4 , p. 1000; V . 56, p. 3 3 1 .)
B a l d R a fif t e V a l l e y , —O w n . from . V a il S ta tio n . P a , t o L o c U t a y e n
F a ., a s t u lle * ; b ra n c h t o B e ile fo u te . P A , 3 m i l e * ; N i t t a n y b ra u e h 10
n ilie a ; M w w a h o e t o S u g a r C a m p . *21? a a p ; t o t a l o p e r a t e d , 9 0 m tle a .
l e a — t t - fV i i t , . y l v a :,i.» H R . C o. f o r 0 9 j ea r s fr o m D e c e m b e r 7 ,1 8 6 4 .
R e n t a l, 4 0 p e r r e n t o f g r o w e a r n in g * .
R e n t a l, to 1992. $ 2 5 8 ,0 3 2 ;
.t ir p iu * o v w fi x e d c h a r g e * , $ 2 2 9 ,6 2 5 , b u t o f w h ic h p a id d iv ld e m i* (10
p e r c e n t ) $ 1 * 0 ,0 2 5 , It e u t a l In 1891. $ 2 5 4 .9 0 $ . S to c k .1* # 1 ,4 0 6 ,2 5 0
ip a r # V i- , „ f w iu r b P e tiiM y lv a n ta H R own* $ 7 0 6 ,2 5 0 .
D iv id e n d *
a re pa id F e b r u a r y a n d A u g u s t a t T r e a s u r e r 's o ffic e . (V . 4 9 , p. 82.)
B a l t i m o r e B e l t . —e s c H t t r i M o a K A O H IO .
B a l t i m o r e A C u m b e r l a n d . —C h a r t e r e d in 18 93 t o b u ild fro n t
C a m b e r ia s d , M d .. v i a H a g e t v t o w u , t o B a lt im o r e , a b o u t 7 0 m ile * . C on s t r o e tto n It is sa id sriH b e g in d u r in g 1.993. S t o r k a u th o r is e d , e t o .o o o ,ooo. O r g a n is e d in th e f a w w r e t o f t h e M 'm t Y l n t l a u t C e n t r a l A P itto tr a r g .
H Q, D a v is , P r e s id e n t.
a a rS S rs v V S M iS ia «rs.*sri& »r—
Atlanta, G a , 269 taflet
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100
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421
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511
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$ 1 ,7 0 0 ,0 0 0
5 0 0 ,0 0 0
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379
379
L o a n . 1,870. sin k, la n d 4 1 6 ,6 0 0 y e a r ly , n o t d r a w n
M o r t g a g e 1 * 7 2 ,stale, fu n d 4 1 3 ,0 0 0 seral-attattaH y
M o r t g a g e 1 6 7 * . * i a t fo n d $ » . 0 0 o n.-mi^HBtaaUy.
B e a d to C ity B a lt im o r e >p a y a b le *4 0 ,6 0 0 y e a r ly ).
C o n ra ta la to d m o r tg a g e { t a r 8 2 9 ,6 0 0 ,0 0 0 ) g o l t e '
$100
1 ,0 0 0
1 .00 0
500
25
1 ,00 0
100
1,000
50
50
1,000
100
100
87
81
40
44
....
B e d tim sjr* A L e k tg k . - S t o c k ....................................... ..
Y o r k * P e a c h B o tto m , ser. A . A B. $ 1 7 ,5 0 0 U t M
M a r y la n d C e n tr a l 1st M „ l a g 4 p . r , t i l l J a n ,, 1809
G e n e r a l snort. f«r$ 3 „5 4 1 ,0 0 t> , g o ld (S e e t e x t ) , o '
■Baltimore A Ohio—f lt e d t t e e e r w n i r t a l ............
1st a n d 2 d p r o f. sto c k , c o m ., $3 ,0 0 0 ,0 0 0 *1 1 » t
D o a n d u e la I 8 6 0 , e x te n d e d , p a y a b le i t w i l l .
i - < •, •
Bonds— B r in e !
IN T E R E S T
pal, W hen Due,
Am ount
R a te p er W h en
W here P a y a b le and b y Sloe**—Last
O u ts ta n d in g
w hom .
P a y a b le
C en t.
D iv id e n d .
D a t e a ix e . o r
of
Par
E o a d . B a u d * V a lu e .
Atlanta A CharMte-Mogk <5 6
1st m., gold. gnar. trad.) by P . 1 B
le d la t e n o t ic e o f a n y e r r o r d ia e o v e r e d I n th e s e T a b le s .
MBm
ot
f o r explan ation o f colum n headings, 4c., I
;•
13
RAJLLJtiOAJJ STOCKS AND BONDS.
M K H iafcS.J
aC,
B a lt im o r e A
K s s r e r n S h o r e . —O w
m
C laib orne to O cean C ity,
M iL ., 9 9 jsSJass fr o m C la ib o r n e t o B a iU n to r * . 4 2 m ile - . l y * a * f e r l * m a d e
b y w a ter,
I l l s n .stt. —C o in p lr t is l l a D e c e w b e r . I8 6 0 , a n d Is A p r il,
I •‘ 91. Caps. W illa r d T h o m s o n w » * e p p o t a to d r e c e iv e r , i.-re- V . f t l . p .
719.1 Its 1901 r e c e i v e r * e a r t if ir a t e * f o r # 3 5 ,0 0 0 w w e la ra tgL STOCK
p a id to , # 3 0 0 .0 0 0 ! p a r, $ 8 0 . R A R M lN o a - F o r e ig h t nm nU re a n .) to n d a y s
e n d in g D w t 3 1 . 1 * 9 1 , g rew *. $ 7 4 .S § 8 , n e t. $ 1 7,71*9. In a d d it t a n f r r r y
to B a lt im o r e o p e r a t e d o n ly d u rS n * la s t 3-*, m o n th * h a d B> t e a r n in g s
ot $ 1 ,4 7 1 . w h ite t e r r y « i v d la e o n U n tie d ) t o B a y R td g o b a d a d e fic it
f o r fir s t 5 % m o n th s o r # 7 ,4 8 9
B a l t i m o r e A L e h i g h . — O w n * fr o m B a lU m n re . M .L . t«. Y o r k , P a ,
70 tu lle *, a n d b ra n c h t o P e a c h B o tto m , 5 m ile s ; t o t a l, 3 f t a * g a u g e
94 m iles . lu M a y , | 8 ! » . t h * M a r y ia u d (.’e n t o a l a n d t h e Y n r k A P e a c h
B o t to m r a ilr o a d * w e re D u osn U d a u # u n d e r th is t i t l e .
In J a m m r y ,
1893, eo n trn t w a s le t tar m a k in g ro,.d s t a n d a r d g a u g e , a n d th e )t o lt lI»..ri5 F o r w a r d !ax k B a U r >M C » w l > « n w b io h o w n s #3,t*M ),t«0Q o f t i n
9toe.lt. t o o * p o sse ss io n . T h e Issue o f te .».«l« a u d t-r t h e g e io - ia l tu ort g a g e
o f ) S 9 » h a * b e e n lim it e d u. $ 3 ,5 4 1 ,0 0 0 <th e b a t a u n e o f tt> 7 u tlllio n *
h a v in g l»e e a i-a n -eJ ed ] a o d o f title sttto # 1 .4 0 0 .0 0 0 a r e lo I d in t r o u t t o
r e t ir e th e p r i o r b o n d * a t m a t u r it y a m ! #41 fiW) tar Pt *.- 11s t to u t s to c k .
W h ile ¥ 2 ,0 4 1 .0 0 0 a r e b tfto g u sed fo r s t a n d a r d - g a n g in g . I m p r o v in g nu d
* -p tlp id u v t h * p n - ie r ty .
The M a ty la n d C e n t r a l fir e ! tu o r t . » * e b o n d s
h e a r 4 j w r e e n t l o t e r e - t t i l l 1.999: th rrM J tw r 5 p a r « t
lb 1 * »2 g ross
e a r n in g * w e r e $ 2 4 9 ,1 7 6 ; n e t o v e r t a x e s , $ 0 4 ,9 0 3 , a v a in t ¥ 3 4 ,0 2 8 l a
1991. Mr. J o h n H e n r y M iU e r t* P u -.u .-n ; o f th e I 'n r w a r d i n g C o m p a n y .
- ( V . 5 3 , p . 59.1
B a l t i m o r e A O h i o . — tHr, Map) . —O p e r a t e s fr o m B a lt im o r e t o P h ila
d e ip b ia a n d B a ilim o r e t o tffih; ..go, t a d h a s, v ia th e B a iU iu o ru A O h io
9 o u t h w r o te .r o ,» d ir e c t r o u te t o C iu e itm a tl. 3 9 3 tn flro , th e t o t a l m ile a g e
feswosl, o w n e d a n d o p e r a t e d r e x e iu d ln g t h e B a lt im o r e A O h io 8 o u th sresttora) ts -ia g o n J u ly . 1802, l . ’ ta 'i m ite *, o f w h ic h 73 3 m ile * » r «
w e s t a n d 1,3-44 m ite s oast rtf th e O h io R i v e r ; a ls o o p e r a t e * th o V & liftr
R a lir o a d o f V irg lD ta (w h ic h sets! 6 2 tuBes, a n d c o n t r o l* th e V a lle y o f
O h io , th e B a lt im o r e .V O h io s VV_, th e ;-tt«teU is la n d R a p id T ra n s it, B ad
i * I n t e r e s t e d In th e O h io A M is s is s ip p i arid th o W e s t V ir g in ia A P l i t * im r g ( * « « th o s e c o m p a n ie s !.
B l»w «f, U w b ,
< n »« c o r p o r a t io n w a s c h a r t e r e d w M a rT tan d F e h n a r y 28 ,1 9 3 7 , a n d In V it-glm -i M a rc ti 8. 1.927. F ir s t B cetion
O pen ed M a y * 4 . 1 9 3 0 . T h e B a lttn w r e A O h io T e le g r a p h C o m p a n y 's a to e k
o # n e d b y th e B a lt im o r e A O h io R a ilr o a d C o m p a n y w a s so ld ou t t o
W e s te r n C n io n fo r $ 5 ,000,000 W e s t e r n O n io n sto c k a t p a r and » re n ta l
o f $ 60,000 p e r y e a r fo r f i f t y y e a r *.
In 491.M) a s y u d lo a fe p u rch a se d fr o m t h e C ity a t B n ltM n orc (is
e n tir e h o ld in g * a t c o m m o n g i s t , a m o u n t in g t o $3,S50,OVO, a n d th is
" t o e * , t o g e t h e r W ith th at Held b y the. G a rr e tt i n t e r , - t <*-.!.<7&.0<8i in
a l l l b a * b een rt*-»>)«tted in t ru s t w ith t)>*- F u rtu m a ' I* »im A T ru st < <>.,
a n d yrtB .bc v o t e d o n u n tti J u ly 1 ,1 9 0 3 , b y M r. C . F . M a y e r , P r e s id e n t
o f t h e B a lt im o r e A U IU «, * m i id * t w o b o u tib e e *. See, V, p
p . 30 0.
A e a b t r a e i o r te n e e m a d e w ith rim Chiu. A N . P a r . Hi Dee... i s d i , « 1 vob
use o f a m p le t e r m in a l* In C h ica g o , row Ch. * N . V. an d V. 55 , p. h iik
a r e m lr o lltu g t u t o W t in t h e a to e k o f thu P it t s b u r g .* W e s te r n iw liir-h
*ee> Was a c q u ir e d m 1801 see iie fo w . F o r p o b t r a c t w ith A i r ; ; A
C h ic a g o J u n c t io n a n d B illllm o n ! H e ll r o a d * aee V , 3 1 , p , 314
'•INVESTORS’ SUPPLEMENT.
March, 1813. J
RAILROAD
STOCKS AK D
BONDS
ir »
S u b s c r i b e r * i r l l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n tjhese T a b l e s .
R A IL R O A D S .
M ile s
D a t e S iz e , o r
Am ount
Par
of
of
F o r explanation o f colum n h e a d in g s , A c , s e e n o tes
O u ts ta n d in g ;
R o a d . B o n d s V a lu e .
o n firs t p a g e o f tab lea .
Baltimare * Oht o —( Concluded..
263
L o a n , 1877 is. f. d rto a t lO O j(B .A 0.
K . W . V ir g in ia R K . 1st M. (e x t. i n :
104 |
B, A 0 . lo a n 1879 (P a r k e re b ’ g B r.
108
M o rt. on P U la .B r .. w it h B a lt. A P I
12
W ash C .A P . R l A l r x B r.) 1st M .g.s
149
P it t s b u r g A C o n u e lls v lU e 1 st m ot
149
j2 & 0 p e r y r .)C o n sol, m o rt., g o ld . gu a r. Is. t. Si,
149
B . A O. lo a n , 1885, g. (P it t s . A Conn. tids. a e e o l . ) ..
C a r tru st loa n , g o ld {$ 2 5 0 ,0 0 0 p d fr e a r ly J a n - lb c
E q u ip m e n t tru st tflO O .O O O p ald fy. a rty A p r il 1.
E q u ip , tru st, 8 «r .B „$ 2 0 0 ,0 0 0 due y ’r l y N o v . l . c
10
_ i I S efco yL R . E a s t S id e R R . 1st M „ g. (g u a r.)
32
e ? , M o u o n e a h e la R iv e r R K ., 1st M ., e , g u .. -C'
|3s i B a lt. A X . Y . R E ., 1st M .. g o ld . g u a r ...C A r . Ski
73
S s ! A 1 run A Chic. J u n e. 1st m „ g o ld , in t.g u .c”
.
Mtt l B a lt .B e lt .le t M .fo r $ 6 ,0 0 0 ,0 0 0 ,# , lo t , gtfcb* ;
s
5
BalL A Ohio .Southicest.— C in . A B a lt. 1st m o r tg a g e i
l e t M .,,g o ld (g u a r, p. ic i b y B a l t A O .. e n d ,!. .- c * ■ 281
281
1 st pref. in c o m e m o rt., n o t c u m u la tiv e , g o ld . ,.c "
281
2d rire l. in c o m e m o r t., n o t c u m u la t iv e , g o l d - . . c '
281
3d p r e f. In c o m e m o r t.. n o t e m n u t e t lv e , g o l d . . . « •
B . i O . 8 . W . T e r m . Co. 1st -M. g o ld , g u a r,, p A i . . ’
BcUi.it Poltrmae— l* t M . it u n . ig .,« . f.lp , e ., iio t d i" n .e
ls t M . ,r t » a d ,jr a a r „ g o ld , a. f. I p. r . . « » t d r a w n c ’
92
C o n s o lid a te d m o r tg a g e fo r $ 1 0 ,0 ix ),0 0 0 , g o ld , c
Bangor * A r . - l * t M ,# 3 .3 6 0 ,0 0 0 f# l0,000 p.m.1 $ ,«’ 219
Bangor S FUealaijnis—P n t w o r t . G r e e n E x t .........
h
B u n ds h eld b y C ity o f B a n g o r
132
u e k O r a fe —S t o c k ig u a n a s teed A p e
132
l o t m o r tg a g e , g o ld , g u a r. b y N . f . C e n t r a l . ... eA r
2d m ortgage fo r 51,01X1,0*81, g o ld , gu a r. p . * t e A r ; 132
C le a r fie ld B ila n * . Caul l rt M ..g n . b y lib . o r „ g o M - o .‘
...
S
1877
1855
1879
1 8 *3
1873
1308
1876
1385
1887
1S 89
im
£■200
$ 1 ,0 0 0
1 ,0 0 0
A 200
1,000
$1 ,0 0 0
£200
$1 ,0 0 0
1.000
1,000
1,000
1,000
1889
1 ,00 0
l.ooo
1980
1,000
1890
1,000
1890
1,000
1860
1389
l.ooo
l.ooo
1889
1 ,00 0
1889
1889
l.ooo
1,000
1892
1,000
1871
1 .00 0
1871
1890
1.000
1,000
1893
1383 50 0 A c .
1,000
1809
50
1,000
18 80
1,000
1892
1891 10O * * .
B a lt im o r e & O h io — (C o n c lu d e d .)
C i r m t STOCK.—C o m m o n s to c k M ated o n .V. Y . S to ck K x e h o n c e in
F e b ru a ry , 1892. S e e th e a p p lic a t io n f o r lis t in g In V . 51, p. 368. O f
th e co m m o n sto c k 88.975.iHK* is d e p o s ite d in t ru s t a * a b o v e s ta te d .
S e e fo r m o f t ru s t c e r tific a te s tn V . 5 1 , p. 36 9, P r e fe r r e d s t o c k c a r r ie s
0 jie r c e n t d iv id e n d * o n ly .
O n N o r . 11, 1891, th e D ir e c to r * vo te r! to In c re a s e t h e s to c k fr o m
$ 1 1 ,7 9 2 ,6 0 6 t o $ 2 5,000 ,0 00, p a y in g a 2 0 p e r c e n t s to c k d iv id e n d ,
a n d p a y in g $ 2 ,1 9 1 ,8 0 0 fo r t h e p r e r t o u * p a r c b a « i o f P it t s b u r g A
W e s te rn R ft. sto ck , le a v in g a b o u t * 5 .0 0 0 ,0 0 0 a p p lic a b le to Im p r o v e m erit*, w h ic h w a * so ld In J a n u a r y , 1892. Bee V . 55 , p, 809.
$ 7 ,0 08,32 0
,1 40 ,0 0 0
3 ,0 0 0 ,0 0 0
1 1 ,6 16,00 0
5 4 0,000
4 ,0 0 0 ,0 0 0
6,5 6 7 ,8 8 0
10 ,0 0 0 ,0 0 0
1,00 0,0 00
7 0 0 ,0 0 0
1,60 0,0 00
4,5 0 0 ,0 0 0
7 0 0 ,0 0 0
3 5 0 ,0 0 0
1,50 0,0 00
6,0 0 0 .0 0 0
3 3 3 .0 0 0
10 ,6 67.00 0
5,5 0 0 ,0 0 0
6,4 0 0 ,0 0 0
7 ,7 0 0 ,0 0 0
1 ,5 0 0 ,0 0 0
1,50 0,0 00
3 ,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
•225.UOO
30 0,000
9 2 5 ,0 0 0
5 ,5 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0
8 2 5 .0 0 0
IN T E R E S T O R D IV ID E N D S .
W h e r e P a y a b le , a n d b y
)
W hom .
Bonds—P r in c i
p a l,W h e n Due.
Stocks—L a s t
D iv id e n d .
L o n d o n , J .S J d o r g a n A C o J u n e 1, 1 9 2 7
B a lt im o r e , B . A 0 . R R . M o ll. 1, 19 02
N , Y „ D . M . A Co. A B a lt . A p r , 1, 1 9 1 9
L o n d o n , B r o w n . 8. A C o. A p r . 1, 19 33
B a lt im o r e , O ffice.
J u n e 1, 19 13
B a lt im o r e , B . A O. R R .
J u ly , 1S98
L o n d 'u .J .S .M o r g a n A C o .1 Jan. 1, 1920
N . Y . , Union T ru st Co. ! Feb. 1, 1925
IB aU ’ tn e, M e r e . T r u s t Co. 10 p. e. y e a r ly .
PhiU t., F tn 'ce C o. o f P a y 1893 t o 1899
do
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N v . l , ’ 93-1900
P jiU a ., S o lic ito rs ’ Co.
D e c . 1, 1935
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N . Y „ M r o w n B ro s .A B a l t N o v .
N . Y ., F a n n e r s ’ L . A T r . J a n .
do
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Jan.
N . Y . . F . L . A T r . A B a lt . J a n .
do
do
Jan.
N . Y . — W h e n ea r n e d .
Jan.
N ew Y ork .
M ay
B a lt. O ffic e a n d L o n d o n . J u ly
B a lt . O ffice. C a lv e r t St. A p r .
do
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N . Y ., G u a r. A In d . Co. J a n .
B o s to n . M a rch . N a t . B k . A p r .
B a n g o r , M e,
A p r.
N .Y ., G F u d C en t. D e p o t J a n .
do
do
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do
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N . Y . . K n lc k e r b ’ r T ru st- Ja.u.
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1,
1,
1,
1,
1,
1,
1,
1,
1,
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1,
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1,
1990
1900
1990
1990
1990
1990
19-12
1911
1911
1929
1913
1913
1899
1893
19 38
19 36
1940
-1 8 9 0 -9 1 .- 1 8 9 1 - 9 2 .Yarning* of—
(inn*.
Net.
Net.
M a la S l e w . A c .. „ ......... $ 1 2 ,0 3 1 ,5 8 2 $ 1 ,6 1 3 ,6 7 2 $ 1 2 ,3 4 2 ,9 9 0 $ 1 ,3 1 8 ,0 4 3
7(>0,48<J
2 0 5 ,4 2 5
W a s h in g to n B r i t f t h .......
7 2 6 ,4 1 9
190,767
8 5 6 .2 1 2
128,482
P a r k e rs b u r g B r a n c h ___
7 9 3 .2 9 5
ltX i,6 31
C e n tr a l O h io D iv is io n ...
1,365,564 1 8 7,542
1,419,931
2 8 5 ,9 9 9
1,0 3 2 .2 0 7
190,127
L a k e E r ie IM v ts lo n ......... 1,10 6,8 18
2 5 5 ,3 5 9
C h ic a g o D i v i s i o n . . . . . . . .
2 ,5 5 6 ,8 1 4 38 3,721
3 ,0 0 7 ,5 8 2
6 2 4,145
9 8 1 ,7 9 0
3 ,0 9 0 ,4 0 4
97 5,521
W b eeU n g A P t t l * . D l v . .
6 5 3 ,0 1 2
5 4 ,2 1 2
6 0 0 .2 5 5
72 ,9 86
2 ,0 5 0 .4 1 4
6 4 8 ,2 3 6
F U ta d el
la D iv is io n ...
1,89 9,0 38 5 5 6 .4 5 7
•
■
I1 V I2 0
2.116
149,978 d f. 10,625
C ol. A C i n e t o . M id la n d .
3 4 4 ,4 5 8
6 9 ,2 0 0
3 4 7 .6 4 6
22 ,7 6 9
A k r o n D t v .fr u m A u g.9 1
2 7 ,3 7 6 d e f. 3 .31 5
2 3 3 ,0 3 3 d f.3 1 ,7 4 2
D m oC KM «
C o m n o s St o c k -— I n 1.880, O i l s 1881 t o 18 8 5 , ta rlu sd v e,
10; in 1 8 8 0 ,8 ; hi 1 8 8 7 ,4 ; th en non e t ill 1 8 9 1 ,w h e n *20 p e r c e n t in s to c k
w as d e c la r e d , p a y a b le L e e . 3 1 ; la 1602 ren a m ed ea ch d lv ld e u -la , p a y
T o ta l ................... „$24J)30,395 $7,452,162 $26,034,108 $7,439,306
i n g 1 t y p e r m n t in M a y t o r th e q u a r te r en d e d L e e . 31 , 1891; N o v .,
2*4 p e r t e a l (s o m i-a n n u a l).
- ( V . S3, p. 59 . 2 2 3 . 56 9, 6 0 3 . 71 2, 7 5 2 . 7 5 3 , 7 5 5 , 70 3; V . 64 , p. 158,
P r i c k o r C o m m o n S t o c k . — ( I n B a lt im o r e t ill M a rch , 1892, th e n in 366, 3 6 * . 6 4 3 . 6 9 3 . 72 1; V . 55, p. 67 8; 8 7 8 , 8 9 3 , 89 4, 8 9 6 , 1077.)
N e w Y o r k )— In 1883, i : » 2 V * 2 0 5 ; in 1881. 1 6 7 * 1 9 9 ! in 1 8 8 5 ,l ( S « 4 * »
B a l t i m o r e A O h i o N o n t l t w e s l e m — * See Map o f Baltimore 4 Ohio)
1 8 5 ; 1 1 1 8 8 6 .1 5 0 9 1 9 1 ; In 1887. U H . * I s o ; In 1880, 8 0 ,* I O # V . tn - C in e n ia a M , O ., t o B e lp r e , O ., 19 3 m i l e * ; b r a u d iR s —M a r ie t t a t o B e lp re ,
1
1 8 8 6 .81 < *1 0 1 % In I 8 6 0 8 2 « * » 10 7% : In 1 * 9 1 , 9 4 ■„'» 101; In 18 82 84 A 11 U tile s; P o rts m o u th t o H a m d e n . 5 5 m it e * ; R ia n e h e a t o r t o H I lM t o r o ,
101
to 1893 t o M .ir. 17 to c h u iiv e , 90*1 »® 7 % .
22 m l l e » ; t r a r ih tg # t o C JnM itu att, t w U e ; t o t a l, 281 rattan. C o n n e c t in g
B o s » s . —In a d d itio n t o b o n d * g iv e n a b o v e n « o u ts ta n d in g th e B . & O . lin e to C lnem naU, etc., fo r B altim ore A O h io , which o w n * all com m on
elnWB.it fu n d * h e ld J u n e 30, 1892, ew n sol* o f 18 87 t o t h e a m o u n t o f • to o k .
$ 4 ,2 7 4 ,O 0 O (ln t e r »t o n w h ic h in p a id In e o o a o l* t h e n w l v e * * a n d o t h e r
P a o r o s K D C o s a o w o A T t o s . — K » r p la n o f e o n * o lld a tt o n w it h O h io A
nm -alsuse In te re s t-b e a rin g b o n d * t o t h e a m o u n t o f $ 3 ,5 5 9 ,9 7 2 .
M is s is s ip p i s e e O h io A M l .- 1 - 4 p p l a n d a n a d v e r tis e m e n t i u r i m o k l c L B O f
T h e co n s o lid a te d m o r t. o f 1887 (tru s te e . M e r c a n tile T r u s t A IKsp, C o d M a rch 18. 1893, O f th e i-o n s n liila te d co ra p a u y** s e c u r itie * . $ 1 1 ,0 0 0 ,c o v e r s th e m a in fin e , B a lt im o r e t » W h e e lin g , a n d b r a n d ie s , 444 a tlira , 0 0 0 n e w g u a r. 1*1 consults, w ill b e Issu ed o n ly t o r e t i r e an e q u a l
th e t w o O h io R iv e r b r id g e * , sto c k o f th e W u shlm rton t.ran ch fo r $1 ,0 28,
a m o u n t o f this B . A O . 8. W . firs t 4 % * o f 1889. A * rega rd -, t h e o t h e r
0 0 0 , a n d th e e n tir e iw to o o f firs t m o r t. b o n d * ($ 5 ,0 0 0 ,0 0 0 ) o n th e ro a d B. A 0 , 8 . W , a e e n rit ie * . th e fleet income hands w i l l r e r o t v o 18 p a r c e n t
b e tw e e n P it t s b u r g a n d W h e e lin g . T h e b a la n ce o f oom u jt* u n issu ed hi r e In n e w g u a r- tou t c o n * o l* o n p a y m e n t t o ca sh o f a p r e m iu m o f 5 p e r
s e r v e d t o r e t ir e th e p r io r b o n d * n o t h e ld b y t h e s in k in g fu n d *. A b s t r a c t c e n t a n d 42 p a r r e n t t o " A ” In c o m e b o n d * at- p a r,
Saeotul income,
at mortgage w « * t o V . 4 6 , p. 804.
txmd* w i l l r e c e iv e 10 p e r c e n t In " A " In c o m e b o n d -. 6 0 n o r e o n t t o * ' » ”
G » * « U » T t * * , —T h e b o n d * o f th e S c h u y lk ill R i v e r E a s t S id e R K . a re In c o m e b o n d s , 10 p e r r e n t In n e w 7 p e r c e n t p r e fe r r e d s to c k . Third
income bonds w i l l r e c e iv e 2 0 p e r c e n t in " R " In c o m e b o n d * . 2 0 p o r c e n t
g u a r a n te e d b y B a lt im o r e A O h io . B e t o o a r e th e M o o e n g a b e la E l v e r 5 a
w h ich c o v e r r o a d fr o m C la rfc*b u rg t o F a lrtn o n n t, W . V s ., a n d t h e B a lt )
In n e w 7 |>er c e n t p r e fe r r e d m o ck . Preferred stock w i l l r e c e iv e 6 2 la
m o r e A N o w Y o r k 5 *. c o v e r in g 5 *s m ile * o f ren d tram w e s t e n d o f th e p e r r e n t in n e w 7 p e r r e n t p r e fe r r e d o to c k .
A r t h u r K i l l b r id g e o f th e S ta te n Isla n d R a p id T r a n s it R K . to » J u n ction
f ’teiTM. Stock —8toek $5,000,000, of wliloh #2,500,0001* preferred.
W ith th e C en t, o f S ’. J e r s e y B R , n e a r B tw e lie , Bf„ J ., a n d 2 m ile s siding*.. 6 p. c „ non c u m u la tiv e ; com m on then g et* 0; then both share equ ally.
T h e A k r o n A C h ic a g o J u n c tio n 5 p e r c e n t b o n d * c o v e r r o a d c o m p le te d
BONOS.— M o r t g a g e a lw tr .te ls to V . 51, p. 2 4 5 , 246. In t e r e s t o n
tn J u ly , 1891, f w m A k r o n to C h ic a g o J u n c tio n , 7 3 m ile * . T h e y a re
gtuu-antoed m t o In te r e s t b y th e r e n t a l fr o m B a lt im o r e A O h io , tut a im tn eh ra e* a * fo llo w * . O n firs t I n c o m e * : In 1 8 9 ], M art*)), 4 p e r c e n t ; In
th e B a ltim o r e B r it b o n d * o n lin e b u ild in g th r o u g h th e C ity o f B a ltim o re . A p r il, 1 9 9 2 ,5 p e r c e n t ; In O c t o b e r ( f o r h a lf- y e a r ), 2>s p e r r e n t. O n
se c o n d I n c o m e * : I n 1892, l p e r cen t.
Bee V , 51, p. 34 4. 40 5, 829.
T h e o th e r b o n d * g u a r a n te e d a r e $ 1 1 ,0 0 0 .0 0 0 B a lt im o r e A O h io Sou th
E a r n i n g * . —J u ly 1 , 1992, t o D eo. 3 1 , 19 92 (0 m o n t h s ),g r o s s $ 1 ,4 0 7 ,W estern 8 r » t m o r tg a g e 4 * » p e r c e n t * ; $ 2 ,5 0 0 ,0 0 0 S ta to n Is la n d R a p id 5 7 6 , a g a in s t $ 1 ,4 1 1,922 ; n e t. $ 5 3 1 ,1 2 0 , a g a in s t $ 5 0 7 ,1 14.
T r a n s it 2d m o r t. ft* ; $ 3 2 6 ,0 0 0 V a lle y o f V * . 1st m o w . b o n d * (h e ld l a
A N H tixt R k c o x t .—F l*e a l yea r ends J line 30. R e p o rt fo r 1801-02 was
g fu n d ); $ 1 4 7 ,2 5 0 W ia o h e e te r A P o to m a c H a t m o r tg a g e 6*. to V , 55. p. 879, 89 0. a * f o l l o w s :
1.240.000 o f th e C olu m b u s A C in c in n a ti M id la n d ; a l* o In te r e s t on
Grots
Other
Filed
Balance,
1.000
P itts b u r g C le v e la n d A T o le d o firs t m o r t g a g e b o n d * a n d
Tears.
Burnings.
Net,
iw o m f.
Charge*.
surplus.
1,000,000 5 * W e st V ix g to la A P ltta h n rg R K ., W hich wic.
1 8 9 1 -0 2 .... $ 2 ,0 4 8 ,7 4 3
$ 0 9 9 ,2 1 4
$ 2 ,9 8 8
$7114,404
$ 1 3 7 ,7 9 8
O K H E K if. PIKAXCKJI. A c . —T b l * o o t s p a n y u p e ra te s o n e o f th e k a r t
18 90 -91.. . 2.3 2 6 ,6 7 1
8 0 9 ,8 1 0
3 ,6 8 2
5 0 1 ,5 8 9
2 5 1 ,0 0 3
in g tru n k lin e * t o C h ic a g o , a * w e l l a * a ito e tn C in c in n a ti. A f t e r h a v in g
p a id d iv id e n d * fo r m a n y yea rn t h e c o m p a n y p o s w d th e N o v e m b e r , 1887, - f V . 5 4 , p. 2 8 7 .4 9 5 ; V. 55, p. 2 9 7 , 5 4 2 , 63 9, 8 7 9 , 8 9 3 , 8 9 9 ; V , 5 6 ( r .
a n d * n b * e q w n l d iv id e n d * o n co m m o n e to c k u n til N o v e m b e r , 1891, 8 3 2 , 4 1 4 ,4 4 0 , 4 6 4 1
w h en 20 p e r c e n t Hi *to c k w a s d e c la r e d , an d t ill* w a * f o l l o w c l to M a y ,
B a l t i m o r e * P o t o m a c . — O w n s f r o m B » lt lm 0 T e ,M d ,, t a 8 (m t h E n 4
1 8 0 2 ,b y a q u a r te r ly d iv id e n d o f I H t o ca sh a n d a Sem i a n n u a l d i r t
B rid g e . V a .. 43 m iles ; a n d fr o m B o w ie t o P o p e ’ s C ro ck , 4 9 m ile * )
den d o f 2 % p e r c e n t t o N o v e m b e r . S tn e e 1987 t h e p r o p e r t y h a s bo eti
9 2 mtiew—in c lu d in g tu n n e l to C ity o f B a lt im o r e ; len ere h rnneh 4
• f M A t t f im p r o v e d an d e n la r g e d . S p e c ia l lo a n s and b tl& p a y a b le w e r e
t o ta l o jw r a t w l 9 6 m ile *. C o n t r o lle d b y th e P e n n s y lv a n ia R R . Co
$3,3*11,529 J u ly 1 ,1 8 0 2 . F o r o ffs e t* w o U a la n r * s h e e t, v . 55, p, 893.
BLOCK,—$ 4 ,9 1 4 ,2 5 0 (p a r $ 7 0 ), o f w h ich P e n n s y lv a n ia R R
ow ns
I t i* p rtijK m *! t o b r in g th e O h m A M b d -o ip td i n t o t h e s y s te m , th e # 1 ,0 8 1 ,1 0 0 a n d N o r th e r n C e n tr a l $6 2 2 ,8 5 0 .
BO NO*.— C o n s o ls a r e
B . A © , t o g u a r a n te e fiS.OOO.OOO n e w 4 % p e r c e n t b o n d *, t o bn n eed in r e s e r v e d t o r e t ir e a l l th e p r io r h o o d s a * t h e y m a tu re . T h * fir s t m o r t
r e t ir in g o ld Iren e * an d fo r Im p r o v e m e n t - . S e e O h io A M lre b isip p i.
g a g e b o n d * are g u a r a n te e d b y P e n n s y lv a n ia R R . and N orth ern C entral.
L a t e s t E * M r t y o s . - P t u m J u ly 1 ,1 8 9 2 , t o F e b , 2 8 ,1 8 9 3 , <8 m o n th * ),
E a h n i n o s .— Tn y e a r 1891 g ro ss e a r n in g s w e r e $ 1 ,8 0 8 ,2 4 5 : n e t (in c lu d
' r o « « oh a il lin e * ra s h a n d w e s t o f O h io R i v e r w e r e * 1 7 ,4 3 1,650 in g $ 1 6 ,5 2 6 o f •• o th e r In c o m e '’ ;, $4 7 5 ,4 1 0 ; In t e r e s t on b o n d s , $4 2 0 ,0 0 0 ;
a g a in s t $17,570,311 In 1891-92; n e t. $ 4 ,6 84,04 1 a ga ln -d $ 5 ,2 4 0 ,6 0 9 .
o th e r c h a rg e s , $3 5,3 5 2 ; lia ia n e e , $ 1 9,857 . In 1 8 9 0 g ro s s , $ 1 ,7 0 8 ,8 6 8 :
A ) W ® « R k t o u t .— F is c a l y e a r n o w e n d * J u n o 30. A n n u a l m e e t in g n e t, $1 0 2 ,8 4 8 : o t h e r In co m e , $1 „555.
to s till h e ld , n o t w ith s ta n d in g c h a n g e o f y e a r , a t B aW tm oro o n th e t h i o l
B angor A
A r o o * i o o k . — H a * t in d e r c o n s tr u c tio n r o a d fr o m
M o n d a y o f N o v e m b e r . T b e la e t r e p o r t w a * f o r n in e m o n th * e n d in g B r o w n v in e t o M o u lto n , M e ,, 0 3 m ile * , t o tic c o m p le t e d O c t o b e r 1, 3 8 9 3 ,
J u n e 30 , 1892, (S ec C H g o W c u t V . 5 5 . p . 878, 89 3, S 9 6», b u t i t g a v e and to 1891 w ilt tra ild fr o m B o u lt o n t o P r e s q u e Is le , e t c ., m a k in g 2 0 0
fig u r e s f o r y e a r e n d in g Bept 30 . 1892, a * l ) « l o w , t o c o m p a r is o n w ith m ile s to a ll. I t n o w o p e r a t e * u n d e r 9 9 9 -y e a r lc n * « (te r m s V. 56, p, 2041
p r e v io u s y e a r * . B ep to m b er, 1892, b e in g a p p r o x im a t e d .
th e B a n g o r A P is c a ta q u is R a ilr o a d , O ld t o w n t o G r e e n v i l l e (M o o s e h c o d
Year* ending fk.pt. 3 0 1089-90.
1 0 9 0 91.
1891-92.
U i k e l 77 m ile * , w ith It * le a s e d lin e to th e K a tn h d in Ir o n W o rk s, 19
G ross e a rn in g * ..........................$ 2 4 ,4 1 2 ,0 9 6 $ 2 4 ,5 3 0 ,3 0 5 $ 2 0 ,0 3 4 ,1 6 7 m ile * . S to ck a u th o ris e d a n d o u ts ta n d in g —C o m m o n , $ 1 ,0 5 0 ,0 0 0 ; p r e
fe r r e d , 5 p e r c e n t, n o n -c u m u la tlv e , 8 1 ,1 0 0 ,0 0 0 — p a r $ 100. S l'ir t v o g e
O p e r a tin g e x p e n s e s . . . ............. 1 6 .9 60,87 0
17.078.233
1 8 .5 9 5 3 0 1
tru s te e Is N e w Y o r k G u a r a n ty A I n d e m n it y T r u s t C o. S e e fu r th e r
$7 ,4 4 5 ,2 2 6
$ 7 ,4 3 8 ,3 6 7 p a r tic u la r s , V . 56, p. 204.
$ 7 ,4 5 2 ,1 6 2
1,509,837
1,80 6,0 00
1,25 9,8 77
B e e c h C r e e k . — R o a d —J e r s e y S h o re , P a ., t o O a x g a m , 104 m ile s ;
b ra n ch es, to P h tU p b n rg, t o m in e s . A c ., 33 m iles ; to ta l. 137 m iles : t r a c k
$8 ,9 5 5 ,0 6 3
$ 8 ,7 1 2 ,0 3 9
$9 ,3 0 4 ,3 6 7 a g e t o W illia m s p o rt, 16 m . E x te n s io n b u ild in g to M a h a fT ey, 2 7 m iles .
g e t ea rn s. W a sh in gto n B ran ch .
3 7 6,172
190,767
2 0 5,425
B i s t o r t a n d L k a s k — S u ccesso r t o th e B e e c h C re e k C le a r fie ld A
6,41 7,5 99
6,03 9,2 22
8.42 9.0 98
D fv a o n 1 st A 2d p f.'s i'k 'lS p .'c .)
3 0 0 ,0 0 0
3 0 9 ,9 0 0
3 0 0 ,0 0 0 S o u th w e s te rn , r e o r g a n iz e d to 1880. F r o m O e t o lie r l , 18 90, le a s e d t o
t h e N . Y , C e n tr a ) A H n d »o n R i v e r R R . f o r 9 9 9 y e a r * a t i n t e r e s t on
D iv id e n d * o n c o m m o n s t o c k ,,.
(11*1312,42*
b o n d s a n d 4 p e r c e n t on sto ck .
S u rplu s (o v e r d iv s . In ’9 1 9 2 ) . . 8 1 ,8 61,29 2
S t o c k a n d BOKO*. - E a o h s h a r e o f s to c k c a r r ie s t h e C e n t r a l's g iia r$ 1 ,7 92,17 4
$1 ,8 4 7 ,2 9 2
D e d u c t p a y m e n ts t o r e t ir e M s .
481,058
4 7 1,558
674,057 n r a n ty o f 4 p. c. d iv id e n d s y e a r ly , a n d th e b o n d s a r e e n d o rs e d w ith th e
C e n t r a l’ s g u a r a n ty o f p r in c ip a l a n d in te r e s t. S e c V . 52 , p. 670. I n
$1 ,3 80,23 4
$1 ,3 2 0 ,6 1 6
$ 1 ,1 7 3 ,2 3 2 June, 1892, stockholders authorized the Issue o f $1,000,000 new seoond
S
INVESTORS’ SUPPLEMENT,
16
|Vou LVI,
S u b s c rib e rs w i l l c o n fe r a g r e a t fa v o r b y g iv in g Im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d In these T a b le s .
Bonds—P rin o i
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
A m ou nt
pal. W hen Due.
Miles Date Size, or
O utstanding R a te per When W here pa pable, and by Stocks—L a st
Par
of
of
F o r explan ation o f oolnnin headings, Ac., see notes
Payab le
horn.
cent.
D ividend.
Road. Bonds Value.
on first p a ge o f tables.
BellaireZaneSviUed Cin .—P r io r lien m ort.,red .atl0 5
1st M. fo r $1,000,000 ($202,000 res.for pr.l’n lids.)
Bell RJt <f Slock Yard o f Indianapolis —1st m ort.
do
m ortgage fo r $1,000,000 g o ld —
Belvidere Del.—1st M., e x t ’ d in ’ 77, eonv., guar...... c
Cons. M. o f '76, guar, b y Un. (Jo's A 1’ a. RR.,s. f. .r
do
sinking fu n d .......................................... r
Bennington if Rutland— 1st m ortg a g e.....................
Bcrksh I re—Stock (7 p. o. perpet,. rental Housatonic)
B irm . She/. dTenn. K ir.—1st M „ $25,000 p.m., g.o*
Boston ,t Albany —Stock ($30,000,000 authorized)..
B onds o f 1875 not m o r tg a g e ............................ c&r
B onds (not m ort.) issued to State fo r its stock..
P ittsfie ld A N orth Adam s (leased) sto c k .........
W are R iv e r R R . stock, 7 p. c. ren ta l 999 years
Boston <t Lowell—S to ck .. 1
Bonds, not m ortg a g e..
Bonds,
do
do
Bonds,
Boston A M aine gives
Bonds,
do
a ren ta l guarantee
do
Bonds,
Bonds,
do
o*..
fo r 99 years.
L o w e ll A L a w .b o n d s..
8 alem A L o w e ll bonds.
Nash. A L o w plain b’ds
do
Do
Boston <f Maine —Stock, c o m m o n ..............................
P re fe rre d stock, 6 p e r cent, non -cu m u lative........
P la in bonds, not m o rtg a g e ................................cAr
Im p ’n t bonds ($1,000,000 due Fob., 1905) s. f ___
Do
do
.....................................................
B onds fo rim jjro v e m ’ts and refu n d g (see t e x t ).. c&r
Eastern R R .c erts .o f in d eb t.ls tM .. g .,s.f.,n otd m .o
102
102
64
67
67
59
22
119
389
19
1*9
1889 $1,000
1,000
1890
1876
1,000
1881
1,000
1867
1885-7 1,000
1,000
1893
1,000
1877
100
1,000
1889
100
1,000
1875
1882
100
100
100
1875
1876
....
1879
1883
1885-9
1892
1,000
__
__
1873
1880
119
100
100
1874 500 Ac.
1885-7 1,000
1887
1,000
1892 1000&C.
$ A £
1876
$250,000
738,000
500,000
500,000
1,000,000
1.250,000
600,000
475,000
600,000
2,975,000
25,000,000
2,000,000
3,858,000
450,000
750,000
6,229,400
500,000
750,000
620,000
250.000
3,675,000
1,000,000
200,000
226,900
200,000
100,000
18,737,626
3,149,800
2,000,000
1,500,000
1,919,000
2,500,000
9,041,875
j . & j . N . Y ., F an n ers’ L . & Tr.
6
4
j. & j .
6
6 g- M. A N . Ph ila., W. H. N ew bolds.
6
J. & D. Philad elph ia, Pa. R R .
4
Various Ph iladelph ia, Pa. R R .
J. A J.
4
do
do
M. & N. N.Y-., U nion Tru st O .
7
See text. Q.—J. Stockbridge .Treasurer.
5 g. •A . & 0.
8 per an. Q .- M . B oston,O f.K nceland St.
J O J■
f,
6
do
do
5
A . & 0.
do
do
5 p e r an. J. A J.
do
do
7 p e r an. j . & j .
do
do
See tex t. j . & j .
Boston a t Office,
M. A S.
do
7
do
j. & j.
do
6
do
5
do
j. & j.
do
do
do
4*2 M. A N.
4
Various
do
do
4
A . & 0.
do
do
A . & 0.
6
do
do
A . & O.
do
6
do
6
F. A A. Nashua, Co.’s Office.
do
do
5 g- j . & j .
See text. M. A N.
Boston, a t Office.
6 p e r an. M, & S.
do
do
7
J. A J.
do
do
4
F. A A.
do
do
4
do
F. & A.
do
4
F. & A .
do
do
6 g. M. A S. Bost.; Lond., B arin g Br.
_
J u ly 1, 1899
Jan. 1, 1940
Deo. 1, 1896
A p r. 30,1911
June 1, 1902
Sent., 1925-27
Jan. 1933
N o v . 1, 1897
Jan. 10, 1893
A pr. 1, 1929
Mar. 31, 1893
J u ly 1, 1895
A p r . 1, 1902
Jan. 1, 1893
Jan. 1, 1893
Jan. 1, 1893
Mch. 1, 1895
J u ly 1, 1896
J u ly 1, 1899
M a y 1, 1903
1905-6-7-9
A pr. 1, 1932
Oct. 1, 1897
Oct. 1, 1898
A u g. 1, 1893
J u ly 1, 1900
N ov. 16, 1892
M ar. 1, 1893
Jan., 1894
F eb.,1905A’07
Feb. 1, 1937
A ug. 1, 1942
Sept. 1, 1906
B o s t o n 6c L o w e l l . —R oad —O wns B oston to L o w e ll, 27 m iles
branches—Salem and L o w e ll, 17 m iles; L o w e ll and Law ronoe, 12 m iles
others, 32 m iles; M id dlesex Central, 11 m iles; leases—M anchester A
K e en e R R ., 29 m iles (ow n ed jo in t ly w ith Concord A Mon. R R .); C entral
Massachusetts, 104 m iles; Connecticut & Passum psic, 147 miles; to ta l
leased, 280 m iles; to ta l ow ned and leased, 369 m iles.
L e a s e s .— L ea sed in 1887 fo r 99 years to th e B oston A M aine a t 7 per
cent on stock till January, 1897, and 8 p e r cent thereafter.
B o n d s a n d St o c k —Stock authorized, $6,529,400. J u ly 1,18 92, loans
and bills p a y ab le $790,000. I n January, 1893, a ddition a l stock and
bonds w ere authorized.
D i v i d e n d s since 1880—In 1881 and 1882, 4 p e r cent; in 1883, 5; in
1884, 5*3; in 1885 and 1886, 6 ; in 1887,
; in 1888 and since at ra te
o f 7 p e r cen t y ea rly; but see term s o f lea se above. (V. 54, p. 78.)
B o s t o n 6c U l a i n e . —O wns B oston to Portla n d , Me., v ia D over, N .
H ., 116 m ile s ; B oston to N e w H am p shire S tate lin e (E astern R R .), 41
m iles; C onw ay Junction, Me., to N orth C onw ay, N. H ., 73 m iles ; nu
m erous sm all branches etc., 130 miles; to ta l ow ned, 361 miles. L e a s e s N e w H am pshire State L in e to Po rtla n d , M e., v ia Portsm outh, N . H .
(Eastern R a ilro a d in N e w H am pshire and Portsm ou th Saco A P o r t s
m o u t h )^ ? m iles ; B oston to Sherbrooke, Canada (B oston & L o w e ll,
Nashua & L o w e ll, N orth ern N e w H am pshire, C onnecticut A Passum psic
and M assaw ippi V a lley railroads), 290 m ile s ; W orcester, Mass., to R o
chester, N . H . (W orcester Nashua & R ochester), 94 m ile s ; N o rth Cam
b rid ge Junction to N orth am pton, Mass. (C entral Massachusetts), 99
m iles; branches, 344 m iles; to ta l leased, 850 m iles ; to ta l op erated
Oct. 1 ,1 8 9 2 ,1 ,2 1 1 m iles. T o this in F eb ru a ry, 1893, w as added the
C onnecticut R iv e r R oad , Springfield, Mass., to K een e, N . H ., w ith
branches, 80 m iles in all. F o r term s o f leases see each com pany.
O r g a n i z a t i o n , E t c . -In 1890 a consolidation w as m ade w ith th e
E astern R a ilro a d o f M assachusetts and the Portsm ou th G reat F a lls A
C onw ay, on term s in V. 50, p. 589. A u th o rity to con solid ate w ith its
oth er leased lin es w as g ra n ted in 1891. Com pany ow ns $2,264,400
M aine C entral stock. I n January, 1893, authority to lease or purchase
th e Concord A M o n treal w as sought fr o m th e Massachusetts L e g is la
ture. See V . 56, p. 205, 463. In F eb ru a ry, 1893, the C onnecticut R iv e r
R o ad w as leased fo r 99 years. See th at Com pany and V. 56, p. 245.
In O ctober, 1892, a la rg e in terest in the B oston & M aine was p u r
chased b y P h ila d elp h ia A R ead in g parties, M r. M c L eo d o f the R ead ing
becom ing P resid en t o f the B. & M. See V . 55, p. 723. A n agreem ent
w ith N . Y . N e w H a ven & H a rtfo rd w as m ade in 1893. V . 56, p. 464.
S t o c k .— On Oet. 1,1 8 9 i, com m on stock au th orized w as $21,819,300;
p referred stook, $3,119,800; outstanding, as in tab le above.
In
1891-92 $4,592,100 stock w as issued to stockholders at par. V . 52, p.
164, 349,) and in J u ly, 1892, $750,600 m ore w as authorized to r e tire
the stock o f the Chelsea Beach, A c., roads, m ostly ow ned b y B. & M.
C om m on stock w ith this ou tstanding is $18,533,000, o f w hich $945,200 h eld b y m ortg a g e trustees o f E astern R R .. draws no dividends.
D i v i d e n d s .— On com m on stock since 1880:—I n 1881 to 1885 in clu sive,
8 per cent; in 1886, 9 ^ ; in 1887,10; in 1888 and 1889, 9; in 1890, 9 ^ .
in 1891, M ay,
; N ove m b er 4 ^ ; in 1892, M ay, 4 ; N o v., 4.
B o n d s .—In 1892-93 issued $2,500,000 o f 4 per cen t bonds, o f w hioli
$1,500,000 to retire a lik e am ount o f 7 p e r cents due Jan. 1,1893, and
$1,000,000 fo r im provem ents, etc. T o refund the $2,000,000 7 p e r cents
due J an. 1,1894, a lik e am ount o f 50 yea rs 4s has been authorized.
T h ere w ere ou tstanding Sept. 30,1892, $594,800 4*s per cent Charles
tow n land m ortga ge notes due 1895 and $1,585,000 bills payable.
J o in tly w ith M aine C entral the B. & M. guaran tees $300,000 bonds o f
the P o rtla n d U nion R y. S tation Co’ s. T h e B. & M. in 1893 “ assumed ”
the Conn. R iv e r R R . Co.’ s $876,000 n otes payable.
L a t e s t E a r n i n g s .— F o r 6 m onths en ding D ec. 31 earnings w e r e :
6 mo8. Gross earns.
Net.
Oth. income. Charges.
Bal., surp.
1892 ....$8,93 8,5 00
$3,198,769 $310,535 $1,884,419 $1,624,885
1891 . . . . 8,328,357
3,030,528
230,440
1,938,831
1,322,137
A n n u a l R e p o r t .—F iscal y e a r changed to en d June 30. A n n u al
m eetin g w ill h e re a fte r be held on 2d W ednesday in October. F o r years
en ding Sept. 30 earn in g* h a ve been as below . R e p o rt fo r 1891-92 was
in Ch r o n ic l e , V. 55, p. 936.
Year Ending Sept. 30.
188S-90.
1890-91.
1891-92.
M iles o p erated ........................
1,210
1,210
1,210
. $7,347,201
$7,514,771
$7,951,561
Hal. fo r stock.
, 7,118,583
7,011,127
7,424,549
$699,978 M ail, express, A c.
625,907
656,764
700,742
161,629
V. 55, p. 254.
.$15,091,691 $15,182,662 $16,076,852
..*
. 10,567,213
10,728,685
11,387,875
1891-92
$9,803,316
$4,524,478
$4,688,977
$4,453,977
7,403,183
T o ta l net, includ’g oth er incom e) $4,963,978
$5,218,728
$4,951,311
. $2,576,381
$2,012,567
$2,018,090
$2,460,133 R en tals p a id .....................
In teres t on bonds............
580,544
982,224 | 1,160,412
$517,067 O ther in te re s t..................
150,757
181,077
78,000 Sinking fu nds...................
100,000
76,947
68,381
1,800,000
1,042.211
1,47S,132
1,329,030
R a te o f dividend..
. O ^ c .; 3 p f.)
(8c.; 6 pf.)
(9c.; 6 pf.)
$2,395,067
m o rtg a g e 5 p e r cent bonds and $1,000,000 n ew stook, both guaranteed
b y th e N ew Y o r k Central. These securities w ill be issued from tim e to
tim e to p a y fo r extensions o f the road through C learfield in a south
w esterly direction about 70 miles, reachin g u ndeveloped coal fields.
I n Septem ber, 1892, $500,000 o f these 5 per cents and $500,000 o f stock
w e r e issued to p a y fo r the extension about com pleted fro m Kerm oor to
M ahaffey, 27 m iles, Ac. (V. 55, p. 21.) Car trusts (5 p e r cents) $371,000,
p a r t due yea rly.
D i v i d e n d s — On p referred , 1886 to 1888, inclu sive, 5 p e r cent per
annum; in 1889, 2 “v; in January, 1890, 5 per cent; in 1891 stock was
a ll m ade comm on, and on th is dividends o f 4 p e r cent are guaranteed.
See gu a ran ty in V . 52, p. 570.
L a t e s t E a r n i n g s .— Ju ly 1,18 92, to Sept. 30 ,1 892 (3 m onths), gross
$288,681, against $301,183 in 1891; net, $133,575, against $156,119.
A n n u a l R eport .—F iscal y ea r ends June 30. R e p o rt fo r 1891-92
was in V. 55, p. 542, sh ow in g gross earnings $1,230,834, n e t $528,177;
first charges, $315,234: dividend, $200,000; balance, surplus, $12,943.
tn 1890-91 gross $1,101,237, n et $551,262. (V. 52, p. 80, 238, 321,
498, 570; V- 54, p . 328, 887; V. 55, p. 21, 542, 551; V. 56, p, 331.)
B e l l a l r e Z a n e s v i l l e A: C i n c i n n a t i . —Owns B ellaire, O., to
W ilh elm Station, O., 102 m iles, th ree fo o t gauge; leases Muskingum
C ou nty R a ilroa d , W ilhelm to M ill Run, 9 m iles; tra ck age B. A O . R R .,M ill
B u n to Z anesville, 9 m iles; tota l operated, 112 miles. P la ced in rec eiv
e r ’s hands in July, 1886, and reorgan ized in 1889. I t is proposed to
standard-gau ge the line. Stock is: Common, $832,000; preferred,
S795.910; par $50. In y e a r en ding June 30 .1 892 , gross earnings $97,©15, (agst. $88,931 in 1890-91);net o v e r expen ses and taxes, $10,291.
B e l t R a i l r o a d 6c S t o c k Y a r d o f I n d i a n a p o l i s . —Owns 14
jn iles o f b e lt road, etc., a t Indianapolis. Leased fo r 999 yea rs to In
d ia n a polis U nion— which see. Stock is $1,000,000, and 7 p e r cent d iv i
dends h a ve been paid.
B e l v i d e r e D e l a w a r e . —Owns fro m Trenton, N . J., to Manunka
Chunk, N. J., 67 miles; F lem in g to n R R .,A e ., 14 miles; op erated cut-off, 1
m ile; tota l operated, 82 miles. Leased to U n ited Companies, and trans
fe rre d to Peim . R R . M arch 7,18 76. N e t earnings paid as rental. Th e
first m ortga ge (convertible into stock) and th e $1,250,000 4 per cents o f
1885-7 are guaranteed b y the United Companies. In 1891, net, $370,330; surplus o v er in terest and dividends, $112,904. D ividends o f 6 per
je n t are paid. Stock, $1,150,000 (par $50), a ll held b y Penn. R R . Co,
B e r k s h i r e . — Owns fro m Connecticut State L in e to W est Stockbrid ge, Mass., 22 miles. Leased in perpetu ity to H ousatonic R ailroad
C om pany at 7 per cent on capital stock. In A p ril, 1893, road w ill be
teased fo r 99 years d ire ctly to the N ew Y o r k N ew H a ven A H a rtfo rd ,
i t is said, at 6 p r cent on stock, w ith an e x tra d ividen d o f 5 per cent
i o represent amounts th eretofore pa id in taxes. Stock in 1891 paid
5-30 per oent; in 1892, January, 1910; A p ril, 1%; July, 1%; in 1893,
January, $1-85.
B i r m i n g h a m S h e ff ie ld 6c T e n n e s s e e R i v e r . —R o a d — Sheffield
to Jasper, A la,, and branches, 119 miles. I n October, 1892, i t w as re
p o rte d th at an extension w ou ld be b u ilt at once from Jasper to B ir
m ingham , 42 miles, in connection w ith the Paducah Tennessee A Alar
bam a (w hich see) and other roads, there w ill then he a through line from
St. Louis, M o., to Birm ingham , A la. V. 55, p. 768. S t o c k — $3,275,000;
par, $100. M o r t g a g e trustee is K n ickerbocker Trust Co. E a r n i n g s —
F rom Ju ly 1 to Jan. 31,1893 (7 months), gross earnings w ere$153,156.
against $138,640 In 1891-92; net, $40,474, agst. $52,194. fn y ea r 189192 gross earnings w ere $227,311; net, $87,563; interest on bonds,
$148,750. Th ere are ca r trusts outstanding V. 55, p. 768.
B o s t o n 6c A l b a n y . —Owns from Boston, Mass., to A lbany, N . Y.,
202 miles; numerous branches, 104 miles; leased lines, 83 miles; total
a p e rated, 389 miles. A consolidation o f Decem ber, 1867.
Btock — In 1889 obtained permission fro m the Legislatu re to issue
$10,000,000 additional stock, $7,000,000 being fo r bonds due in 1892
a n d 1895 and the rem ainder fo r im provem ents. On Jan. 5, 1892,
$5,000,000 o f this now stock was issued to retire 7 per cents due Feb. 1.
D ividends —Cash dividends at the rate of 8 p e r cent y e a rly h a ve been
p a id for many years. Stock d ividen d of 10 p e r cent w as paid in 1883
a n d o f Ski per cent in 1886.
L a t e s t E a r n i n g s —F o r 6 m onths en ding Dee. 31 earnings h a ve been:
Gross.
Set.
In i., taxes, etc.
1 8 9 2 ...............$5,216,952
$1,540,699
$840,721
1 8 9 1 .............. 4,998,577
1,100,914
945,285
A n n u a l R e p o r t .— Fiscal y ea r ends June 30; rep ort in
Vp/ <->
ipc ending June 30— ’
p»
rm ©A_
w>
1O O AA
O
- AAA ill
»
Tears
1889-90.
1890-91.
O ross earnings......................... .$9,151,009
$9,210,222
O p eratin g expenses and taxes. (5,270,777
0,807,751
s 1r
ii 1t
N e t ea rn in gs......................$2,874,292
S x to res tp a id ............................. $002,900
R e n ta ls......................................
78,000
H tvidenda (8 per cen t)............. 1,000,000
$2,408,471
$602,900
78,000
1,600,000
A
-
T o ta l.................................... $2,340,900
$2,340,900
fe&httce, surplus....................... $533,392
$07,571
$65,0 30 Balance, surplus .
$514,085
$490,670
$372,509
- ‘V 1*2, p. 322. 718; V. 53, p. 187 2 5 5 ,2 7 0 ,0 7 4 ; V. 54, p. 243, 762; - ( V . 53, p. 21, 289, 793, 8 3 4 , 879; V. 54, p. 328, 762; V . 55, p. 21, 337,
\T :V*. \v 2 5 4 . 3 1 7 . 806; V. 56, p. 247.)
^ 1
’
462, 704, 722, 723, 894, 9 3 6 ,1 0 3 4 ; V. 56, p. 82, 205, 245, 289,463, 464.)
KAILROAD
Makch, 1893.]
STOCKS AND
BONDS,
17
$ n l> * c rlb e r» w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ie e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
RA1LR0AD 3.
For explanation of c o lu m n h e a d in g s , A c .. s e e n o te s
on firs t p a g e o f ta b les.
M ile * D a te
of
of
B Q ad. B o n d s
S o il. d M a in e -tC e m .l—PorXs.Q'X F . A C m . 1st M.e
.V. r . A t o - iin e — 8 t* k ,p r e f.(g u .N .Y . X . H . A f l . )
1s t m o r t g a g e . . . . . . . . . . . . . —
.. . 4.
c*
B
oston<
i
Boston <t Proe.
S t o c k , l o p . o. gu a r. 99 yrs., O ld C o L
B o n d s to p u rch a se b ra n ch es,co u p o n o r r e g is te r e d
F u n d in g b on ds, n o t m o r tg a g e , sin k , fu n d 1890..e*
Boston Revere Beach <t L y n n —S t o c k . . - i .....................
1s t m o r t g a g e ............................. - ................................e
B o s t o n W Lu tb rop A S h o re 1 s t m o r tg a g e , g u a r .
Brooklyn Bath d West End—1st m „ A . (S e e t e x t ) .
1st m o r tg .. se ries B , subj. t o c a ll a ft e r J a n . 1. '9 7 .
2 1 M.
,
ily 1 '9 0.
Brooklyn d Brighton Beach - 1 ,-t m o r t g a g e ............ c
Brooklyn Eteeatcd • l « t m . . « o k l , - . f . . n o t t t fa w n .. c
2d m o r tg a g e , g o ld , s in k in g fu n d , n ot d r a w n -----e*
U n io n E L , 1st M.,$550,OOO p. m ., eol<i,a*su,nied.e2d M ., t e e ., noB-cntu-, f 1 8 a ,0 0 0 pe r m ile , g o l d . o "
73
54
50
68
....
9
8
OH
6H
6%
7 !f
6
31
11
4
26
e
Buffalo Creek—1st m ortgage,.
C o n s o l, m o r t g a g e fo r $ 1 ,0 0 0 ,0 0 0 g o l d , ............... 0*
Buff. -V.
Erie - S t o c k (7 p. c. ren t. 8 . Y . L . E .A W .i
1st m o r t g a g e .................................. ...................... . . V
Buffalo Rochester d PUldntrg—S to ck — C o m m o n .----i
P r e fe r r e d 6 p e r c e n t u o ti-c n m u la tivi*......................
K . 4 P . 1st M , g o ld .R o c h e s t e r t o S a ia m a n , <t— c*
K . A P , eo n s o L m o r t., $ 2 0 ,0 0 0 p e r m ile , g o ld . g . e*
l e t g e n e r a l m o r tg a g e <$10 ,0 0 0 ,0 0 0 1g o l d -------- c"
K. A P „ c a r tru sts, .*232,000 a r e g o l d ........... e*
L in c o ln P a r - A C h a rlo tte j u m o r i.,g o !d ,g o a r ‘.ck ‘ ~
1st
.
Buffalod South if.— 1st M.. g o ld , ta t. gu a r, b y E r ie
Burlington Cedar Rapid* d Xorthern—S to ck .
1 s t m o r tg a g e
r. d
6
142
142
301
304
108
A ll
A ll
1877 $500Ac.
100
1 ,00 0
18 80
100
1,000
1873
1,000
1888
100
1 ,0 0 0
18 77
18S6
1,000
18 87
1,000
1887
1,000
1891
l.o o o
1887
1,000
1,000
1884
1885
1,000
1887
1,000
1,000
1887
1 ,00 0
1892
1 ,00 0
1865
1882
1,000
i.ooo
1801
100
1876
1 ,0 0 0
lo o
67
1881
1883
1887
V a t’s
1899
1877
300
1976
a
'
'"hi,> —P rin e t;•!.<
IN T E R E S - O R D IV ID E N D S .
T
S iz e , o r
p a l,W h e n D u e
Am ount
Par
R a t e p e r W h e n W h e r e P a y a b le , a n d b y Stocks— a s t
L
O u ts ta n d in g
C en t
P a y a b le
V a lu e .
W hom .
D iv id e n d .
100
1,000
1,000
1 ,00 0
1 ,0 0 0
1,000
5 0 *fe«.
100
1 0 0 AC,
81 ,0 0 0 ,0 0 0
2,09 8,5 00
5 0 0 ,0 0 0
4 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0
1,6 6 5 .0 0 0
8 5 0 ,0 0 0
3 5 0 ,0 0 0
2 8 9,000
2 5 0 ,0 0 0
2 5 0 ,0 0 0
52 ,0 0 0
500,000
3 ,5 0 0 ,0 0 0
1,25 0.0 00
6 ,1 5 0 ,0 0 0
2 .0 6 8 .0 0 0
1*500,000
5 8 0 .0 0 0
2 5 0.000
2 3 8 ,0 0 0
9 5 0 ,0 0 0
2 ,3 8 0 ,0 0 0
6.0 0 0 ,0 0 0
6,0 0 0 ,0 0 0
1 ,3 0 0 ,0 0 0
3 ,9 2 0 ,0 0 0
3 ,4 7 1 ,0 0 0
4 9 6 ,0 0 0
3 5 0 ,0 0 0
1,5 0 0 ,0 0 0
5 .5 6 0 .0 0 0
8 .5 0 0 .0 0 0
J. A D .
.A . & 0
F. A A .
Q .-J .
J. A J.
4
J. A J.
S ee t e x t . J . A J.
6
J. A J.
M . A S.
5
J . A J.
5
A . & O.
5
5
J. A D .
5
M . A B.
6 g. A. A O.
5 g- J. A- J.
6 g.
5 g. J. A J.
5 g. J. A J.
7
J. A J.
6
J . A J.
5 g . J , A J.
7 p e r a n . J. & D.
J. A D .
7
413
4 p e r an
5
1 0 p r .a n .
7
S ee t e x t .
6 g.
6 g.
5 g.
5, 6 A 7
5 sc.
6 g.
S ee t e x t .
5
B o s to n , 2 d N a t . B a n k . J u n e 1, 1 9 3 7
.N . H . . N . Y . N . H . A I I . C o .
A p r il, 1893
N .Y ., L in c o ln N a t. B a n k A u g . 1, 1 9 0 8
B o sto n , O ffice , P a r k Sq. J a n . 1, 1 8 9 3
do
do
J u ly 1, 18 93
do
do
J u ly 1, 19 18
B o s to n .
J a n . 1, 1 8 9 3
B o s to n , O f. A t l a n t i c A v . J u ly 1 5 ,1 8 9 7
do
do
S ep t. 1. 1 9 0 8
S e e o ffic e , B r o o k ly n .
J a n . 1, 1 9 0 7
do
do
J a n . 1, 1 9 1 8
J u n e 1, 1 9 1 1
S e p t. 1, 1 9 2 7
N . Y . , C e u L T r u s t C o.
O ct, 1, 1 9 2 4
do
do
J u ly 1, 1 9 1 5
do
do
M a y 1, 19 37
do
do
J a n . 1, 1 9 2 7
do
do
J u ly 1, 1 9 4 2
N . Y . L . E r ie A \V. R R .
J a n . 1, 18 96
N , Y ., F a r m e r s ’ L . A T r . J a il. 1, 1 9 0 7
do
do
J a n . 1, 1941
N . Y . L. E r ie A V . R R . D e o , 1, 1 8 9 2
do
do
J u n e 1, 1 9 1 8
Q .—F.
N . Y ., 36 IV a ll S t r e e t ,
F . A A . N . Y ., U n io n T r u s t C o.
J A 1>.
do
do
M. A 8.
do
do
V a rio u s N . Y ., G a lla t in B a n k .
X , Y „ C n to n T r u s t Co,
J. A J.
J . A J. N . Y „ F ir s t N ut. B a n k .
N . Y .,O f,,8 0 B r o a d w a y .
J. A D. N . Y ,. C e n tr a l T r u s t Co.
F eb . 1 5 ,1 8 9 3
F e b . 1. 1921
D e c . 1, 1 9 2 2
S e p t. 1, 1 9 3 7
V a r. to 1900
J o n ., 19 39
J u ly 1. 19 08
F ab . 1, 1893
J u n e 1, 1 9 0 6
l l a R 's l o B o r h e M o r A F i t t s b u r s H a l l w a y , — S e r l f « ) * . f — KOAD.
R n » t « n A N e w Y o r k A i r b l u r . — O w n * fr o m S e w H a v e n , C on n .,
t o W illla ia n tic , C on n ., 50 m ile * : lea ses T u r m - r v ille t o C o lc h e s te r , 4 *.»wn« It... host t .X . Y.. find Buffalo. N. Y . i*. W ill-ton. |-». (excep t Hi m ile*
m ile s ; t o t a l o p e r a t e d . 8 4 m ile * . F o r m e r ly th e S e w H a v e n M ld d lc to w v o f t r a c k a g e m e n t io w s d b e lo w a n d here d e d u c t e d ), 2<i l m ile s ; b r a n c h e s t o
A W iu im a n tii:. A le a s e w a s m a d e In O c to b e r. 1 8 9 2 , t o t h e S e w Y o r k m in es . 12 m ill--. P r o p r ie t a r y ro m ls n w m s l ; L in c o ln P a r k A C h a rlo tte
Sew H a v e n & H a r t fo r d R a ilr o a d f o r 9 9 y e a r s a t 4 j » ; r c e n t y e a r l y o n R a ilr o a d . 11 t u lle * ; F e r r y l i ft ., I m ile . T r a c k a g e — N e w Y o r k L a k e E r i e
t h e p r e fe r r e d s to c k a n d in te r e s t on th e bonds. C o m m o n sto c k a u t h o r A W e s te rn , M o u n t J e w e t t . P a ., t o C la rio n J u n c t io n . P a ., 15 m ile * ;
H o d * 1 ,0 o u .O o o ; o u ts ta n d in g (in c lu d in g a c rip i $ * 6 4 ,2 3 1 ; p a r, $ 100. B u ffa lo C r e e k R a ilr o a d , 1 m ile s ; t o t a l o p e r a t e d , 30-1 m iles .
T i l l M a r c h 1 , 1893, s to c k h o ld e r s b a d right, let e x c h a n g e f i v e s h a r e * o f
O n o A lH A A T to s , e r e . — F o r m e d t o M a t c h , 1887. a * s u c c e s s o r o f t h e
p r e fe r r e d f o r t w o s h a r e s o f le s s e e '* sto ck .
R o c h e s te r A P l t b b u r g . w h ir h w a s fo re c lo s e d in O c to b e r , 1885. In
B o s t o n A P r o v i t l e i n c . — O w e s fro m B o s t o n .M u * » „ t o P r o v id e d * * -, A p r il, 1 so n , ,* d o n tr o illn g i n t e r e s t In t i i « x t o c k w a s i«r r e h a s « d b y a
E . I „ 14 u t ile s ; b ra n ch es, 2 0 m ile s . le a s e ,, A tt le b o r o u g h t o N o r t h A t t le Buffalo syndicate, h.-oded by the B ell. L ew is A Y ates Coal M in ing
b o ro u g h , 4 m i l * * : t o t a l o p e r a te d , 09 m iles , L e a s e d fo r 9 9 y e a r s fr o m C o m p a n y , a c e r t a in o o a l t o a t ia g e b e in g g u a ra n te e *! t o th e r a ilr o a d t o r
A p r il 1 , 1889, t o O ld C o lo n y S B . a t 1 0 p e r c e n t y e a r ly o n s to c k a u d a fiv e y. ara. S e e V. *.n. n. 56 0. 580. T h e e n t ir e c a p it a l s to c k o f t h o
bo n u s «tf $ L 3 W .O O 0 cash , ou t o f w h ic h m e x t r a d lv h M n d ot $ 3 2 .5 0 w > » R o c lie s in r A P it t s b u r g ( v i a l A Ir o n U o tu p a n y I* o w n e d ,
a id M is t o o k M a y 2, 1898. O b i C o lo n y to J u l y 1 ,1 8 9 3 , b u d In v e s t e d
ro N T K A . T w i t h K i . i n t e ; . tiro .- In M a y , 1892, a t r a ffic c o n t r a c t w a s
1.671,838 In roa<l o n le a s e a n d Im p r o v e m e n t a cco u n t. ( V . 5 5 , p. 0 3 9 ,i ;ma*te w ith th e N e w Y o r k C e n tr a l ta s le s s e e o f t h e B e e c h C r e e k S R . )
B o sto n
R e v e r e B e a c h A I , j n t t . — O w n * n a r ro w g a u g e ro a d a n d th e riiSU wi.dphi i A t e t o l t n g . Tins c o n t r a c t is f o r t it t y y e a r * a n d
fr o m i.y n n t o E a s t B o s to n , M a c ,.. 9 m ile * , c o n n e c tin g w i t h B o s to n by in v o lv e s th e c a ito triic tto n o f t w e n t y - s o v e a m ile s o f v .c id fr o m D u
eo ra p a n y ** f e r r y b o a t s ; B o s to n W ln t h r o p A S h o re U K .. E a s t B o s to n to B ote o n th e B u ffa lo R o c h e s t e r A C itts b u r g to a c o n n e c tio n w it h t h e
W ln t h r o p , 5 m ile s , w ith b ra n ch es 3 tulles. O n J u ly 1, 1991, c o u t o l
B ee ch C r e e k r e a d a t C te a r fie ld , P e n n . T h e r o a d w i l l b e b u ilt b y t h e
td a tw l w ith th e B o sto n W ln th r o p A S h o re Roa>l. N o t e * p a y a b le w e re C le a r tic W A- M e h o B ln g H i t C o ., w ith a g u a r a n te e o f 5 p e r c e n t on l t »
O c to b e r , 1992, $ 3 0 ,0 0 0 . D iv id e i- d * t F r o m 1 8 * 8 t o 1891 In c lu s iv e . 7 h o o d s .Hid 0 p e r r e n t o n It* s to c k b y th e B u ff. B o e h , A P it t e , S e e V ,
p e r c e n t p e r a n n u m ; t o 1 8 02 , J a n ., 3 p . o,i J u ly , 2 « a ; In 1893, J a n .. 2 *9, 54, p. 7 9 9 ; V . 55, p. 8 5 8 , 804.
E a K in s cm .—F ro m J u ly 1, 1 8 9 2 .Hi D ee. 3 1 , 1999 III m o n th s ). « ■ * * ,
O m m o t o s . —O n p r e fe r r e d s to c k d iv id e n d # h e r e b e e n p a id a * f o l l o w s ;
$ 1 7 8 ,7 9 9 , a ga in s t $1 98 ,70 7 to 1891: n e t. *6 7 ,2 5 8 , a g a in s t esc?, 133. I n 1992, F eb .. 1M ; M a y , I M; A u g ,, I M ; N o v ., 1>«; in 1993, F e b ., l V i p . o ,
I n y e a r e n d in g J u n e 3 0 . 1 9 9 2 , a r e * * e a r n in g * w e r e $3 36 ,92 2 (a g a in s t
I t o v iH .—O f tin- g e n e r a ! m o r t g a g e / t m a t o e IThton T rttsC U o. o f N . Y .)
* 3 0 8 ,1 7 8 to 1890-911; n e t, 81 09 ,45 4 , lu w re/ it. *38.3(18; t a r e . , $ 1 9 ,
t o r $ 1 0 ,0 0 0 ,0 0 0 , th e r e a r e $ 6 ,0 0 0 ,* * K> r e s e r v e d f o r p r io r t)On«ls, B ee V .
33 6; d iv id e n d s , 6 % p. ct., 95 1,7 5 0 .
t v , 55. p. 2 9 7 ; V. 58 , p. 2 8 9 .)
5 L p. 2 0 3 . T h e r e a re .sis,. 84 ,0 0 0 in o o m e s. sine tu 1921, m o r t g a g e s .o n
B r o o k l y n A B r i g h t o n B e n c h . - O w n - d o u b le - t r a c k r o a d fr o m r e a l e s ta t e fo r 9 2 9 2 .5 0 0 , d u o In 18 95, and $ 2 0 ,0 0 0 l ’e r r y R a i l r o a d
A t la n t ie A v e n u e c o r n e r F r a n k lin A v e n a e , B r o o k ly n . t o B r ig h to n g u a r a n te e d 7» d u e 1902.
B e a c h , N . Y , 7 M m ile s . S u cc ess o r t o tlte B r o o k ly n F U d b o a h A C o n o v I
U K N K iu b F i x a x c k s . - T h e e b u n g c In th e o w n e r s h ip o f th is c o m p a n y ,
s o ld t o fo r e c lo s u r e in O c t o b e r , 1887. S to c k I* — c o m m o n , 9 5 0 8 ,0 0 0 ;
to 1890, m e a t t o n - l a b o v e , g r e a t l y I m p r o v e d I t * b u sin ess , a n d In
p r e fe r r e d , 99 9 0 ,0 0 0 . In y e a r e n d in g J u n e 3 0 , 1892, g r o s s e a r n in g s
M a y , l $ 9 2 ,I t b e g a n d iv id e n d s o n th e p r e fe r r e d sto ck . In J u ly , 1 8 9 2 ,
w e r e 9 1 1 3 ,4 0 0 ; n e t, 9 2 4 .2 7 7 : in t e r e s t. $ - t « , o o i ; te r m in a l p r o p e r t y . $ 1 0 0 ,8 0 0 g e n e r a l 5 * w e r e iss u e d a n d in F e b .. 1893, $ 6 0 0 ,0 0 0 m o r e
9 2 9 .7 5 6 ; d e fic it, $ t:i.4 S 0 , a g a in s t # 2 8 .1 8 2 in t #90 -91 . O n J u ly l . f o r n e w e q u ip m e n t, n e w r e a d fr o m H o w a r d J u n c t io n t o M o u n t J e w e t t ,
1 8 99 , th e r e w e r e lo a n * a n d b lits p a r a b le f o r $ 2 7 3 ,0 2 1 . P r e s id e n t, J.
P a ., a b o u t 21 m iles t o r e p ta c o B r io t r a c k a g e , e t c .
F lo a t in g d e b t J a n .
J o n rd a n , B r o o k ly n
(V . 55, p. SO*;.)
S
1. 1893. w as $506,440.
B r o o k ly n
B a t t i A W e s t E n d . — O w n * d o u b le -tra c k ro a d fro m
B r o o k ly n (U n io n D e p o t ), F ift h A v.-h u e a n d 3 « t l i .H r e e t i c e m l n u *
U n lfm E le v a t e d K .R .,. v ia B a th B e a c h an d lle n * o n !m r » t to C o n e y Is la n d ,
6*4 miles.a n h a s traekaum t o 3 9 tb S tre e t f e r r y
Ib-organ i.-. d j u 18s;,.
I n J a n u a ry , 1893, c o o tr * ,l a e q n tre d in in tern e t o f B r o o k ly n T r a c t io n
C o. S e e ** K fe e n o M o b s Companl*.'**."
C o m m on s to e k , 85 00 ,00 0 (p a r # 1 0 ® , P r e fe r r e d s to c k a o t h o r t e d ,
$ 1 0 0 J )0 © ; M K H ift d iS g , $ 5 2 ,(W d.
J u ly 1, i * » 2 , th e r e w e r e a ls o
lo a n *, b ills p a y a b le a n d m o r tg a g e s t o r 9 7 1 ,0 2 *.
T h e s ta te * A
bon d# a re su bject t o c a ll a ft e r Jan. 1, i*<>7. In y e a r e n d in g J u n e 30.
1892. m o w e a r n in g * w e r e 8 7 8 .2 7 4 , a g a in s t #103,0*1(1 In 1 8 9 0 -0 1 ;
d e fic it, $1,8794 In t e r e s t, .#31,094; d e fic it; * 3 2 ,0 7 3 . V . 5 5 , p. f t o c .
B r o o k l y n E l e v a t e d . —O w n s fr o m F u lto n F e r r y a n d B r o o k ly n
B r id g e t o E a st h e w 1 o rk , l i b m ile s : B r o a d w a y and L e x in g t o n A v e n u e
t o B r o a d w a y J e r r y , 24* m iles, and M y r t le A v e n u e t o A d a m * s t r e e t a n d
B r o o k ly n B r id g e , 4% ru.; b ra n c h t o G r e e n w o o d , 3 >9 m .; t o ta l, i s m iles.
H w r o a r . - t n O c to b e r , 1800. c o n s o lid a t e ! w ith th e U n io n E le v a te d
and in J u n e, 1892, sto c k h o ld e rs v o t e d t o c o n s o lid a te w it h t h e S e a s id e
A B r o o k ly n B r id g e E tevm ted R t t
O f t h e S e a s id e r e a d 1 % m il* * t o
£ ® K * “ 5 B C e m e te r y is u n d e r c o n tr a c t t o b e c o m p le t e d b y M a rch 1,
lo w ® , an d th e lin e t o u n til s t r e e t fe r r y b y J u n o 1, 1—
-i.;
S t o c k a s p it o s r * * — S to c k i - 9 1 9 .2 9 3 .a o o (p a r * l o » « .
I f n e t e a rn
iocs Kifflce, • Sinking fund of one per cent will purchase Brooklyn
E le v a te d 2d m o r tg a g e b o n d * i f o b ta in a b le a t 9 0 a n d t o t
bond* at 105—no imnd* drawn.
m o r tg a g e
T t e C ^ n E t e v a t e d t a r t m o r tg a g e is to r 9 7 .0 0 0 .0 0 0 ; th e s e c o n d t o r
92 .5 00 00 0, tru s te e o f b o th . C e n tra ! T r u s t C o m p a n y . A b s tr a c ts In V.
49, p. 583. S ee a ls o V, Vi. p. 1 2 9 ; V 4 9 , n. 47 1.
J ™ * * « » * « ' • C o m p a n y 's m o r tg a g e is fo r $ 4 ,0 0 0 ,0 0 0 , o f w h ich 93 ,00 . 1
,.
2 {£ I U,f ra iB sm ietlo u and e q u ip m e n t o f th e ro a d s n o rth o f s i j l y
fifth S tr e e t a m i 9 i ,000,000 fo r th o se * * « it h o f i t
V . 55 , p , 722.
S
f
L atest E ar m no s .—For 3 month* ending Dec. 31 earning* were:
't S if -
S r*”
1 | B 2 " 9 5 1 3 ,A » 5
1 8 9 1 ... 4 ,1 ,5 0 2
. YC.
#235,23*1
2 1 1 ,9 7 9
other
(n r
*1 ,!> ;«!
2 .0 9 3
Charge*.
Bat., ear.
9192,4118
1 6 0 ,7 6 4
*5I,7«M1
53,308
i M n S »Ai o )f r ’ i T " “ i‘ il,n “ 1 fi‘‘ r en4f. d u n e 3*>. A n n u a l s ta te m e n t to r
<
R
/
5 t e ? - 7 r In V. 5 5 , p. 121, S h o w in g g ro ss enm
m
w
i
l
( I ncl udi ng o t h e r In c o m e ),
f^ * »* * ® >
; Uikse?*',
'it n la ls , a tr,. $*2 5HH;
n * ^ . !V - 5 3 - A 2 * 8 , 8 0 3 , 7 5 1 , V. 5 1, p. 597,
7 6 1 ,9 2 4 ,1 0 4 $ ; > . „ 5 , p. 2 1 ,2 9 8 , 4 2 1 , 7 2 2 ; V . 5 0 , p. 12, 245.
}n ^ 'S ? u J k V o fanf't
, * * * * f*"t«l< B r a d f o r d A F l t t s b i i r a , — O w n s fro m C a r r o llt o n ,I f Y
>
Y n S 1 i 2 k i 1 F r i l t A 2 u -m ite s 1
*
In 1806. and le a s e d to S e w
S R g » a. . y * . * S ^ t e n i tuT i; >a t****- R e n t a l. 7 p e r c e n t o n out
s ta n d in g b o n d s, 9 4 0 ,6 0 0 a y e a r . C a p ita l sto c k , # 2 ,3 8 6 .4 0 0 ; p a r $ 100.
« » * * « « y/o' V “ r l r * C r t e . - O W
Z
v e a f ; Se m l " e o « n
,
1 *'“
m nv
R L t o f 2 g ? ? ' . » <be- V ’ r
L
i 5,,,r
o rg a n n a tio n expense*. Dividends and
D * fr o m B u ffa lo, S . Y „ to C o r
l ” M' n S e w V o rk A E r ie fo r 400
Xnf*
* « • * W c t e r a Com " n t nn sto c k and lejn d s. and
interest paid d irectly b y le «*e e «.
L a t e s t K t K v m o * . — F r o m J u ly 1, 1892, t o J a n . 3 1 ,1 8 9 3 , <7 m m it lj* ),
$1 ,9 1 3 ,9 3 1 , a g a in s t # 1 ,7 3 0 ,5 2 7 In 1991-92; n o t, $ 5 3 7 ,2 1 9 , a g » t .
# 5 5 3 ,3 6 0 . F o r s ix m o n th s e n d in g D ev. : u , 18 92, in t e r e s t, ta x i* * , r o n t n la
an*I im p r o v e m e n t , $ 3 5 0 ,2 7 8 , a g a in s t $ 3 5 7 ,7 8 1 ; b a h ra e e , s u r p lu a .
9 1 4 2 .4 0 9 , a g a in s t $1 2 9 ,2 9 2 . ( V . 5 6 . p. 2 0 7 3
V '
, K " 1
R k rs B iT .— F is c a l y e a r e n d s J u n o 30. T h o a n n u a l m e e t i n g is
b o ld a t N e w Y o r k o n t h e t h ir d M o n d a y in N o v e m b e r . T h e r e p e r t f o r
1801-93 in fu ll w;o* in V . 55, p. 8 5 5 . 85 8.
1
Tear ending June 30—
1889-90.
1 8 9 0 -9 1 .
1 8 9 1 -9 2 .
O rn ** e a r n in g * ...............................
$ 1 ,9 5 3 ,9 6 7
$ 2 ,5 1 1 ,4 8 4
$ 2 ,9 4 7 ,1 0 8
$ 5 4 7 ,2 9 9
$ 6 2 8 ,0 7 4
N e t e a r n in g s ........................ .........
$756,728
O ther Incom e.............................
25,657
30,874
5 2 ,5 5 5
feme,
T o t a l r e c e ip t s ____
In t e r e s t o n b o n d s . . .
I n k o n flo a t in g d e b t.
R e n t a l* ..........................
$ 5 7 2 ,9 5 6
$ 4 6 8 ,3 3 2
70 0
7 3 ,0 1 9
$ 6 5 9 ,6 4 8
$ 4 9 6 ,3 5 7
15,841
72 ,9 8 4
#809/281
$ 5 1 8 ,7 8 1
23,709
7 3 .1 9 5
......................
$ 3 0 ,9 0 4
# 7 4 ,4 6 5
$193 595
B a la n c e , su rp lu s
r IV- ••2.9. .239, 707 - V 5 3 . p. 224. t m .W s * . 7 5 3 * V 5 4 , p . ®
/ h i, » 6 . : % . a,., p . 2 5 7 , 8 0 6 , 8 5 6 . 89 1, 93 7; V. 5 0 , p . 2 0 7 , 2 4 7 .)
H u O h i o A S o u t h w e s t e r n . —O w n * fr o m B u ffa lo t o J a m e s t o w n ,
N \ „ 67 m ile *. r » J u ly , 1880, lea se d t o t h « S e w Y o r k L a k e B r i e A
” ,*, b*ri1 ™ r **9 y e a r s —a t 3;i p e r c e n t o f g r o - s e a r n in g * , b u t In t e r e s t o n
b o n d s g u a r a n te e d . R e n ta l In y e a r e n d in g J u n o 30, 18 92, $ 1 4 4 ,5 1 6 :
su rp lu s o v e r 'I n t e r e s t , $ I $ ^ 7 S : d iv id e n d * , $ 5 1 ,9 0 2 . S to c k — c o m m o n ,
'
A U a g iu u iy T a l l e y R a ilw a y o w n s $ 2 3 5 ,9 1 6 ), a * i {
# 1 1 1.833 o f , p e r c e n t p r e fe r r e d ; p a r, $ 1 0 6
C o m m o n s to c k s h a r e s
d iv id e n d s a ft e r , on p r e fe r r e d . D iv id e n d s —O n c o m m o n . In 1 8 8 9 .1 8 9 0
a n d 1 8 9 1 ,1 p e r c e n t ; to 1 8 9 2 , A u g u s t, 2 p e r ce n t.
B u r l i n g t o n C e d a r i t a p l d s A N o r t l i e r n . - H O A D . - O n J a m 1,
1 8 92 , o p e r a t e d I B M B u r lin g to n , Io w a , to A lb e r t L e a , M in n . (In c lu d in g 1 1
m ile * l e a » « l ) , 2,>3 m ile s ; b ra n ch es L in n , I o w a , t o P o s t v llle . I o w a , 9 4
m i l w ; M u s c a tin e , Io w a , to R iv e r s id e , Io w a , 31 m i l e * ; V in t o n , Io w a , t o
H o lla n d , to w n
18 m i l e * ; I o w a C ity to W h a t C h e e r a n d M o u te z n m a ,
*3 m ile s ; C lin to n D l v M o h . 81 m ile * ; D e c o ra h D iv is io n . 23 m i l e * ;
I o w a F a lls D iv is io n , 4 3 0 m i l e * ; W a v e r ly D i v i s i o n , 6 n » i l e » ; F o r o e t C it y
D iv is io n , 7 m iles ; D a v e n p o r t D iv ., 31 m ile.*; to ta l o p e r a t e d , 1 ,0 8 2
m ile * ,
of
w h ic h
414
m ile s
ow n ed
and
66 8
m ile s
le a s e d
A n e x te n s t o n I* b e in g
b u ilt
fr o m
F o r e s t C it y
and
E s th e r
v l l l e , l a . , o f w h ich 4 6 m ile s c o m p le te d in 1892.
J a n e 2 2 ,1
it 1>J lo w f
^ p fiis & CUut
__
__________ L _____ _
BTOCK.— A u fh o rix e d . S30.CWM>,mx>, OQtHtaiifiiiiff, $ 5 ,5 0 0 ,0 0 0 ; p a r , $ 1 0 0 ,
T h e Bock In la n d Co. Is u n fle rs to o d t o V ? a la r g e sto c k h o ld e r.
m
D i v i o r n d s - F lr-'f d iv iitf‘ D.d ( l % p e r c e n t ) w a s p a id in K e h r a a r y , 1893,
b o n u s ?.— I o w a C ity <fe W e s te rn b o n d s a r e g u a r a n te e d m t o tn tereu t
arid a r e mbjm t to e s u a t 10f». C e d a r H a p ld a I o w a F a lla & Ko rt-iiw e s t e r n
hm ida a re g im m n te e d , p rlp efp i.il a n d In te r e s t, a n d so en d o rse d ; t h e 69
a r e su b je c t t o c a ll a t 105. O f th e 5 p e r c e n ts $ 8 2 5 ,0 0 0 a r e r e s e r v e d to
eMre the 6s,
T h e C entral Tru st C om pany ia trustee o f the B u rlin g to n
[You LVI.
INVESTORS’ SUPPLEMENT.
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MAP OF THE
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BUFFALO, ROCHESTER
/Everson
VConnellsville
Som ersets
A N D
Rockwood.
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P IT T S B U R G R ’Y
Waynesburgh
M yersdale);
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RAILROAD STOCKS AND
M rch i m .]
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BONDS.
19
N u b w r l h - r * w i l l c o n f * * a g r e a t f t r n r h r e r 'T ln i I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b l e s .
_______
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S iz e , o r
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UN lE K J S S T U K
A m ount
D IV ID E N D S .
R a t e p e r When. W h e r e P a y a b le ; a n d by
P a y a b le
W hom .
C en t.
Burlington Cedar Rapid*
it Sorthfn - ( C o u r t tided. /
$384,000
1879 $1 ,0 0 0
7 K.
73
I o w a C ity A W e s t . 1st M .,g .,iu t.g u a r „r e d .!tt ll> 5.r
1880 : 1,000
■
55
8 2 5 .0 0 0
C e d . Ri<|>. I. F. A X . W .. I s t M . i t .. im a f .. r e d . a t 105
? *
1 .9 0 5 .0 0 0
1881
1,000
t> g.
C. R. 1. r . A S . W. d o . c o n s o l. 1st :»t.i c o ld . g u a r .. v 408
1884 ,1,000.2c
5.811.000
5 g,
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B .C .R .& N . COM. 1st M . A « o t t r u s t .g r id ........... e '& r
150.000
7 e.
12
M in u s ip o lts A S t.1 .o tlls.ls t m a rt..9 > ld (a sa itn ird li
i - 1377 50 0 A c.
21.140,400
6 g.
2100
Caianry ■ Edmonton.— 1st M .,rvd . a t 1 lO .J u iyl,0 O )| 300 1890
£
4% g.
1,000 $2,232,000
California Paei.de—1st nutrt., g o ld (g a t'd in 18 8 7 ).. 114 13117
4(32.
1,000,000
1,000
2a 51.. g o ld , e n d o r s e d b y C en . P a e .je x t o u , lu 1 8 0 1 1 111 1871
2.908.000 3 g . A 6 g .
1875 I
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1.25 8,1 50 3 o n p ro f,
78
30 !
Camden ,( Atlantic—S to c k ($3 80 ,25 0 o f It p r o f
6
1.000 1
407.000
1879
70
2 d m o r tg a g e ........................ ........ —i............... .— <
”
5 A 6
1 .00 0 | 1,000,000
1381
79
C on sol, m a rt, ($ 6 5 0 ,0 0 0 m -eS *; b a la n c e <>« co u p on .;
100.000
5
12
1301 . 1.000 1
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350,000
1807 j50 0 A-e.:
0
31
Canvlm <f Burlington County.—1st m o r t g a g e ... .0*
5 e.
1,0 00
3.450.000
Canada Atlantic— 1st m o r tg a g e , g o l d .............. ...... 0* 142 1889
Se
000 e t e x t .
.... I
100 I 1.3.000.
Canada Southern— .-dock ................. ....................... -136
5
18 78 , 1 ,0 0 0 : 13,933,600
40 4
1 st to o rt.. In te r e s t gu a r, b y X . Y .C . t i l l 1 3 0 8 — c
5
1883 1.O0O A.
5.650.000
404
2 d m o r tg a g e ........................................................ c * r
65.000.
000p e r an.
5
.... .
UK)
Canadian i'oritir — s t o c k (g u a r. 3 p. c. d i r . t i l l ‘ 83 )
....
2100 Ao
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1.8-23,333
C a n .G ent. R R . 1st s o d 2 d w o r ts .. 1st M -*.f ..d r.a t 105
5
7,18)0,000
82-,83
....
Q u eb e c P t w v . d u e o u Q. M , 0 . A O. a n d X . S. R R .
i 1SS1 1500 A c .
________ ..
3.426.000
5 g.
O u t. P a c ific , la n d w o r t , g o ld (r e d e e m a t l l o t —
18 85 |2100 A c 3 4 .0 9 8 .0 3 3
1st m o r tg a g e d e b e n tu r e s t e r lin g — ................... 2,350
1888 2 1 (H ) A c ,
3.1150.000
5 g.
183
1st m a r t o n A lg o m a B ra n c h , g o l d ............... e *,tr
1888 2 1 0 0 A c $ 1 5 ,0 0 0 ,0 0 0
L a n d g r a n t bo n d#, t o t g it. b y C a m G o v ’ t . . ,«*,fcr
3%g.
4
1880 .
....
i 2 7 .1 S 2 .1 2 5
C o n s o lid a te d p e r p e tu a l d e b e n tu r e s t o c k .............
5 R.
1884 1 1.000 1 $2 ,5 4 4 ,0 0 0
M a n it o b a H W. C d t J B 'f f 12,000 p. «>., list, g u a r .jj, 213
.
1837 2 1 0 0 A C 2 1 ,3 3 0 ,0 0 0
A t la n t ic A N o r t h w est— 1st snort, g o ld , g u a r ..e * .s r
32 5
1
....
|
2 »»,6 0 0
N o r th S h o re R a ilw a y — 1st. m o r tg a g e ....... .............
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1870 I 2 5 0 A c
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do
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F. A A . P i l l l n „ P e n n . R R . Co.
J. A J .i
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F. A A . X. Y „ G r’ d C en t. D ep o t.
J. A J. X . Y „ U n io n T r u s t Co.
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V a rio u s
M o n tre a l,
do
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A n . P a r . o ffic e , L o n d o n .
.1. A IS. M o n tr e a l jm d Ism dm t.
B'nuin— r rm o ip a l. W h e n D ue
Storks—hunt
D ivid en d .
S e p t. 1, 1 9 0 9
O.-t, 1, 19 20
O ct. 1, 1921
A pr. 1, 19 34
dim e 1, 19 27
J u ly 1, 1 9 1 0
Jan. 1, 1912
J a n . 1, 1911
J u ly 1, 1905
J a n , 1, 1941
D eo . 9, 1889
O ct. 1. 1399
J u ly i , i « u
J u ly 1, 1911
F eb . 1. 1897
.Tan. 5, 19 09
F e >. 1, 1 9 9 3
J a n . 1, 1908
M c h . I , 19 13
F ch . 17, 18 93
189!) A 1 9 1 0
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O ct. 1, 1931
J u ly 1, 1915
J u ly 1, 19 37
J u ly 1, 1938
ir r e d e e m a b le
J u n e 1, 1034
J a ll. 1. 1 9 3 7
A p r . 2 0 , 1904
J u n e 1 5 ,1 9 1 0
D eo . 1X92
<11 I t a d a S o u t h e r n ,—t See lla p Xeir York Central < Hudson River
£
C e d a r R a p id * & N o r th e r n c o n s o lid a te d m o r tg a g e , u n d e r w h ic h »u fflaletst b o n d s a r e r e s e r v e d t o r e t ir e . I f d e e m e d b , * t. a ll p r io r a n d d trt- Railroad j —Ro,u>— M a ta H ue fr o m C a n tllo v e i B r id g e to W in d s o r, O u t,,
•lo tta i bo n d*. B o n d s fo r e x te n s io n s m a y b e Issu ed u n d e r th is c o n s o li 2 2 6 m i l e * ; b r a n c h t o C o n r trig h r . O a t . e t c ., 2 1 0 m i l e s ; t o t a l. 4 3 0 m iles ,
d a t e d m o r t g a g e a t $ 1 5 ,0 0 0 p e r w i l e f o r s in g le tra c k a n d $ 7 ,5 0 0 p r o f w h ic h 105 m ile s a re a o u t ln a lly o w n e d b y p r o p r ie t a r y c o m p a n ie s .
tntln f o r se c o n d tra c k , t h e to t i l a u t h o r iz e d Iss u e d n o t b e in g lim it e d .
O a O A N t lA T IO ^ C 'o k T a x cT s. E r e , —T tio C o m p a n y w a s c h a r t e r e d In
lU a n e a p e lia A S t. L o u is b o n d s d u e J u n e , 1927, n u m b e re d from . 1,1(11
t o M o d . fo r $ 5 0 0 e a c h (.-*150,000 In a ll), w e r e a ssu m ed b y t h e B u r C a n a d a F e n t u a r y 2 8 .1 8 6 8 , an d d e b t t e a d in a te d lu 1873, In N o v ., 1882,
a o lo e e e o n tr a e t w a s m a d e w it h th e M ic h ig a n C e n tr a l f o r 21 y e a r *
lin g t o n C e d a r R a p id * A N o r th e r n R a ilr o a d . D u e ot> e q u ip m e n t J a n n a r y 1 , 1892. $2 5 5 ,0 5 7 . C o o s - ls fo r $,>28,000 w e r e iss u e d f o r net# fr o m J a n u a r y 1. 18x3, p r o v id in g fo r th e p a y m e n t t o C a n a d a S o u th e rn
o f o n e -(!ttrd th e j o i n t lii.x m te o v e r a l l fix e d c h a r g e s , b u t M ie h . C e n t r a l,
oon atru i U o n in D e c e m b e r , 1892.
b v r e d u c tio n o f It * in t e r e s t c h a r g e * , r e c e iv e d m o r e th a n tw o - t h ir d s .
I . a t k s t B a h m x t . s , —J an. 1 t o J a n . 31 in 1393 i t m o n th ). g r o w , 6 3 2 4 ,- T h e e o n tr a e t . h o w e v e r , p r o v id e d f o r ft to a p p o r t io n m e n t e v e r y f iv e
817, a g a in s t $3 31 ,81 1 In 1392; n e t $7 9,651 , a g a in s t $1 02 ,50 3.
y e a r *, a n d to D e c e m b e r , I8U 2, i t w a s a g r e e d t o g i v e t h e C a n a d a S o u th
AxNtrsr. HBMHtr.~Ft.snal you r ends Decem ber 31. A nna it m eetin g e rn 40 p e r r e n t a n d t h e M i d i , C e * l « 6 0 p e r c e n t o f th e H r -t $ R $ 0 0 ,000 o f n e t e a r n in g * , a n y a m o u n t o v e r t h a i to b e d iv id e d on th e 1 w l a
o
I* h o ld ou. t » « t T u e s d a y in >1a y .. R e p o r t fu r W 9 1 w a s in V . 6 4 , p. B i t .
o f o n e -tlp r d a n d t w o t >lt- !s . n* b e fo r e .
T h is a d d it io n ts> th n C a n a d a
181)2.
1890.
1889.
1891.
Ones* e a r n in g s .........*2 .9 B 6 .5 4 3
*3 ,8 8 6 .3 10 $ 4 .3 *0 ,5 9 9 S o n th e ru 's sh a re a m o m it * t o j u - t >» ps‘ r c o u t p e r a n n u m o n its c a p it a l
$ 3 ,3 0 3 ,9 8 2
$1 ,1 5 7 ,4 1 8 •to o k . V. 6 5 , p. 1078.
1 1 ,2 7 2 ,6 9 0
N e t e a r n in g * .......... #9 0 8 .6 0 9
$ 8 1 6 ,1 4 7
10 ,2 00
O th e r r e c e ip t s .........
96 ,3 09
105,2,50
2 4 ,4 1 0
S i n n t x M - I t u c 1 8 8 0 — tn 1 8 8 1 ,2 % p e r c e n t; in 1 8 8 2 ,n i l ; tn 1833
M , l I * X I , 2 ; In 1385 nud 1886, n i l ; In 1897. 1838 and 1889, 2 % ; la
T o t a l n et In c o m e ... $ 9 0 4 .9 1 7
$ *21,103
$1,107,*14* 1890, 3% ; In 1 x 9 1 .2 % ; In 1992. F eb . 1 H. o f w h ic h % e x t r a : In A u g ., I %;
$ l,2 f»7 ,l«fl
780.IK .0 tn 1993, F e b ,, 1 \ p e r c e n t, o f w h ic h % e x t r a .
In te r e s t o n d e b t .........
7 7 1 ,1 3 0
7 7 5 ,4 7 9
7 7 8 ,0 5 5
S u rp lu s o v e r in t . *1 3 3 ,7 8 7
A d d o n s b a s r o ts J a n . 1
D e d u c t eq u ip ., A c . .
i*>or; f i 4
$5 10,051
3 3 8 .8 0 6
632,871
$ 3 3 7 ,4 0 8
2 1 5 ,0 7 5
5 5 3 .1 3 0
!{•>*!>*.— l o t e r e - t o n th e l * t m ortg a g e is g u a r a n to o d b v th e N ow Y o r k
C e n t r a l R R . Co. t i l l 19 *8, b u t th p r in c ip a ! Is n o t g u a r s u t t x l
r T « x s .«.~ fT * i!n t 8 '.);’ . e:.rr
E.u t u t xra * . —F r o m 1s i i ; * e a r n in g * th e su rp lu s t o C a n a d a B o n th e rn
$ 1 9 ,4 1 3 1 w o* (a p p ro x im a tely ) ♦401.000, (a g a in s t $ 4 4 7 ,0 0 0 in 19911; o t h e r In| c o m e , 82 7,0 0 0 ; bai-,m -r in c o m e p r o v p itis y e a r s , $ 3 1 8 ,4 4 7 : t o t a l, $ 6 4 4 i
( 41 .
t s s 7;; d iv id e n d * e s a o a *0 0 ; t o ta l su rp lu s J a n . 1, 1993. $ 1 9 3 ,1 1 7 . (V .
u tv m e u a $ 1 5 0 ,0 * *
ta
c t t l z a r i A f d m n n i t i t t . - O w n s 3 0 0 m ile s o f t o a d o p e r a t e d b y ' 5 3 , p . 10773 F o r la te s t r e p o r t* at n a m in g * *o o M ic h ig a n O o n tro L — ( Y ,
. 5 3 . p. 96 8; V. 5 4 , p. 9 4 3 ; V. 5 3 , p, 21, 1077.1
C a n a d ia n P a c ific . See S C i t i -k m is k t o f J u ly . 1 8 92 ,
C a l i f o r n i a P a e l l l e . — O w n s fr o m V a lle jo , C a l., t o S a c ra m e n to , C al.. I C a n a d i a n P f t e t B w . — R o x t * — O w n - fr o m M o n tr e a l t o V a n c o u v e r on
6 0 tu lle * ; b ra n ch es t o C a lix to g s , A c .. 55 m ile s ; t o ta l, 11 5 m ile *, lu th e P a cin o C o a »t in B ritis h C o lu m b ia , 2 .0 0 5 m ile * . T h e r e a r e )>ra n ch e s
N o v e m b e r , 1886, lea sed fo r 5 0 y e a r * to S o u th ern P a c ific C o m p a n y . l a n d a u x ilia r y lin e * o w n e d o f P i l o t m ile * , a u d 2 ,0 2 0 m ile * o f lou sed
R e n ta l, $ 6 0 0 ,0 0 0 p e r a n n u m a n d tb r o e -fo u rth * o f n e t e a r n in g * w h e n lu : lin e *; 5 6 tulles u sed j o i n t l y ; 7 7 7 tu lle * o p e r a t e d I n ile p e t id n n t lv fo r a o * x p e * * o f t h a t a m o u n t. C apital, sto c k . $ 1 2 ,0 0 0 ,0 0 0 ; p a r, *\<HK In ; co u n t o f o w n e r * . In c lu d in g t b e C a lg a r y A E d m o n to n H i t , m a k in g Uto
1891 g ro ss e a r n in g * . $ 1 ,5 2 3 ,7 1 7 ; n e t, $7 5 0 ,5 2 5 . a g a in s t $5 0 , 7 3 0 In I w h o le s y e te m o n J a n u a r y I , 1893, In n ltn lln g t h « Sow R ru n »w li;k R a il
l $ M t t o M * . a t e * $ 4 6 ,1 5 5 ; w o t * ! . $ 0 0 0 ,0 0 0 ; su rp lu s t o les se e, S I 13,. w a y . 6 ,9 5 2 m iles , o f w h ic h 5,95.9 1D elu ded lu tra llio re tu rn s nnu 23 9
m ile * u n ite r a o n s t n ie tt o n . t 8 e o d e t a il* J a n . 1. 1902, V, 54 , p. 347.1
0 6 9 . t o u o f t a c c o u n t, r e n t tl. $ 600, 000; p a id ratere-st, » t e „
A lin e to N ia g a r a F a lls a n d b ra n c h fr o m l*u*<tna, n e a r R e g ln u , ■ eo n e x te n d in g 2d m o r tg a g e bonds, $ 1 0 0 ,1 2 0 ; s u r p lu s t o les so r, $170 ,75 9.
neettoM w ith the. M lu m -a p . S t P . A S a iilt .8to. M a r ie (w h ic h nr. j n t fo r d ln g
C a m b r i a A O l o a r t l ' - l i l . —T - ru n fr o m C ressn n o n th e P e n n s y l » dltxx-1 lin e fro m th e W e s t t o S t. P a u l a n 1 M in n e a p o lis , -are Hit te r non *
v a n ia R R . In t o th e ---tai fie ld * o f C a ta b riB . C le a r S o ld a n d la tU a ttB o n u a - stru e tto n . A ls o c o n t r o l* D u lu th S ou th S h o re A A t l a n t i e , a n d in Fobt le * . I'e n n s y lv a o t o j in o p e r a t io n fr o m C re*»< m to B r u h o lie r J u n c tio n , j ru u ry , 1893, a cq u ired . D u lu t h A W in n ip e g --*w h ic h see, V . 56, p , 24 5.
26 m ile *; B r u b a k e r J u a c tb m to L a J o s e , 9 m ile s : b ra n c h e s , 45 u tile ,;
t lls T o n v , ETC.— In c o rp o r a te * ! F e b . 1 8 , 18OT, u n d e r c h a r t e r fr o m D o
to ta l, 80 niHet.
.Stock -a u U m n o-t. 82,150.01)0 tpn r $ 1 0 ): p a id In
$ 1 ,1 75,65 0 a ll o t m « I b y th e f'e a u s v lv a u ta R K , C
’-c. W ld.di p a y - n e t m in io n o f C a n a d a , r e e e l v l n g $ 2 5 ,0 0 0 ,0 0 0 in cash as a m ih *h ly , n l»o
12 3 ,0 0 0 ,0 0 0 m ire* o f la n d , a lt t o h e l i t fo r s e t t le n ou t, t h e O n t a r io
e a r n it m s * ren ta l. A fu ll * b * ! n i r t o f t h e .......
w a * In V . 3 3 , p. 976.
A tju e iie c , M o n tr e a l t o T o r o n to J tm e M o n . 3:14 m ile s , w a s le a s e d In 1383
I n 1892 g ro ss e a r n in g s w t-re $ 1 5 9 ,1 4 6 ; n e t, S i l . T i l t .
f o r 9 9 9 - y e a r * , a n d It * s to c k an l n-itt l * g n a ru n to e-l. f a J u lv . 1390,
C a a td e n *
H l a n i i r , - O w n s fa t n d e n . X . J ,, t o A tla n t ic C ity , ttnd lea se d t h e N o w B r u n s w ic k R r . fo r 990 y e a r s . - (.see V . 5 1 , p. 1 13.)
branch , 62 m iles: A tla titlu C i t y 0.) L o t tg is ir t , 6 Http'*; P h ila d e lp h ia Jl .r!
S t o c k .— tn N o v ., 1883, t h e D o m in io n G o v e r n m e n t g a v e a m m r a n t e e o f
to n A M r d fiin l fL iiln m d — ib i'Id o n ile ld t o M e d fo rd . 12 m ile * ; C lto lsea
3 m-r c e n t d iv id e n d s p e r a n n u m t ill A u g u s t, 1. 03, In 1892 cm u p itu y ob3
B ra n c h R R ., 1 t u lle ; f- r r io * . 2 m i l e s ; to ta l o p e r a t e d , 83 m ile *.
i t a m e d a u t h o r it y t o Issu e stu ck f o r c a p it a l e x p e n d it u r e * , sh ou ld ' th e
S t o c k . ETO.— P r e fe r r w i s to c k is e n tit le d to 7 p e r c e n t I f e u rfu *l. and -h t fe b o ld e r * a t a n y t im e d o om i t n d v ls a h le . S eo V , 5 4 . p, 2 0 2 . 818. I n
t o t w M j$ u > |iaid t o co m m o n It m o re that* .7. P e n n s y lv a n ia U a lir o a d F e b ru a ry , 1893 F a r it « m s n t w .i* a s k e d fo r p e r m is s io n t o o->n vert th e
o w n s $ 2 3 1.100 Com m on a n l $ 1 5 1 ,9 5 0 p r e fe r r e d s t o r k , a u d tie -ro w a s
! o r d in a r y s h a res In t o r e g is t e r e d s t e r lin g -!-*ok, » ( o p tio n o f h o ld e r * , a n d
d o e th a t o o m p x u y J a a n ttry 1, 1.892, $ 2 7 5 ,0 0 0 ; b o n d s a n d r a » i t o ) i - « i t o re s to r e p o w e r tn i* * n o p r e fe r r e d »t**ck t o » n nmo.unt n o t e x c e e d in g
ontotauMitBg, $ 4
8 Dec . 31, 1892, $ lP 0 .t> o o i « t ? s m a t u r e d a m t
j o n e - h a lf thn sh a re o a p t ia l. V . 56 , p. 33 1.
W ere p ah l. a u d $ .00,000 co n so l. 9 * w e r e issued.
I P « » 0 K OP STOCK— In 1883, 4 3 % » 0 3 % ; In 1881. 39 9-58%; in 1 8 9 5 ,3 5 %
D f f W t u W sin ce I8 6 0 ; Ott c o m m o n . In 1 8 9 2 ,3 p e r c e n t, a n d n o n e J * * l% : In 1886,61 * 7 3 ; tn 1837, 4 » % * « 8 % ill 1 8 8 8 ,5 1 % * H 2 % ; In 1889.
* in c e ;o n p r e fe r r e d , hi 1 3 8 1 ,3 % in w r t p : In is m , 1: tit I S 3 1. 7; lit 1x87, ' 4 7 % * 7 5 ; in 1890. H 7 - - - I
In l - H . 72% -9 1 % : In 1892, 8 6 * 9 1 % ;
6 ; in 1 3 8 8 .3 *9 ; in ! « t i . :t; ...... . ...........1
:•
■
■ ■
! lu 1893 to M a rch 17. In t-h u lv a , 8 2 % a o o % .
E a b n i x o * ,—F rom J a n , 1 t o J a n . 3 1 . 1893 (1 m o o t In . b t » * » n a rn ln ea
D i v t p r n [18 p a id —t o 1 8 9 3 ,2 % p e r c e n t ; In 1 8 8 4 ,5 ; In 1 9 8 5 ,4 ; frm n
o n u ia la Hue a n d bram-Jp?* w o r e $ 3 9 ,4 9 6 . a g a in s t $ S 3 ,B 7 « is 1 8 9 2 ; 1980 t o 1989 In clu siv e, 3 p. 0. y e a rly ; in 1890. 5; In 1 8 91 , S i In 1892,
d e fic it. $ 1 7 ,2 4 0 , a g a in s t $ 2 0 ,3 6 !); in te r , st. r o n t n ls ,. to., $ 8 ,0 3 2 , a g a in s t j 5; In 1893, F e b ru a ry , 2 % p e r c o a t .
$6 ,3 03; b a la u c , itefird t, $ 2 5 ,2 7 2 , a g a in s t $211,072,
B o w * * . DKiiK.xTt.-Ki: 8T 07 K, o c a i m u t h b o B o x t ts , E r a —Tn M a y ,
O n m ain line and branches In 1.892 g r o — •■srnlng* w ere $807,921:
net, $ (3 7 ^ 5 3 aga in st ,$131,716 In 1881; Interest. $110,772; rental*. 1338, th e c o m p a n y re ltn o n U h e d it * e x c lu s iv e r ig h t to 0)*era to lu M a n ii t o b a lin e * t o tlm In t e r n a t io n a l B o u n d a r y , r e c e iv in g t h e D o m in io n O o v f l8 , 0 9 s i; ex tra ord in a ry Im provem ents, $114,155; miscellaneoua,
eru roettt guarantes* o f In t e r e s t ou $ 1 5 ,0 0 0 ,0 0 0 o f la n d g r u n t b o n d *.
♦lo>7 U ; b a la n c e , d e fic it, $10,051. (V . 94 . p. 7 2 0 . )
T h r e e im u d * a r c a Hen on 1 5 .1 1 1,200 a c r e * o f la u d *ui> n e t m ily t o #3,C a m d e n A B n r l t n z t a n C s » n n t y . — O w n s fr o m C a m d en . X . J ., to 4 2 0 ,0 :W la n d g ra n t b o n d * o f 1331. w h ic h a re r e d e e m a b le a t 110.
P e m b e rto n , N. J „ 23 m ile s ; bram -h. B u r iln g fo u , x . J ., t o Mount. H o lly ,
T im firs t i»* u o o f cm tsoiiila to ct ilo b e u tu r e s to c k w a s m a d e in O o to b o r,
7 a iito e ; to ta l, 3 0 nrUns. O p e r a t e d b y the, P e n n s y lv a n ia R a ilr o a d . 1889 (se e C it m is t c t .* , V. 4 9 , p. 1 16 ),
M a n e re n ta l, $ 4 4 ,4 1 *. y ie ld in g 0 p e r c e n t o n sto c k and bonds. 8tm-k.
In J u n e , 19))n, c o m p a n y a g r e e d to g tia ra n te n th o p r in c ip a l a n d in t e r
• 3 8 1 ,9 2 5 ; p a r $2.3. D iv id e n d * In J a n . a n d J u ly , (n 1892 im > *«, *23rt,- es t o f $ 2 0 ,0 0 0 ,0 0 0 4 p e r c e n t*, to b e Issu ed h r th e D u lu th S m ith S h o re
/ « ; n et, $ - 0,9.19, a gs t. .«03,78 7 in ’ 9 1 ; p ro fit t o le s s e e in '9 1 , $19,372. A A tla n t ic ; a im 4 p e r c e n t In t e r e s t o h b o n d s o f th e M ln tic a p o lls 8 t. P a u l
C a n a d a A t l a n t l r .— O w n s O t ta w a , C a n a d a , tn R o u s e 's P o in t, V t. A F au lt 8 te. M iH c. (S ee V. 50 , n. 871; V. 5 1 , p. 23 9; V . 52, p. 00 9.)
1 4 - m ites. W ith t r a c k a g e o v e r C e n tr a l V e r m o n t t o Ht. A llm n s , 21 m ile*.
T o t h e A tla n t ic & N o r th w e s t R a ilr o a d , c r o s s in g t h e S ta te o f M a in e .
la m e *
-- - —
- • t n « D o m in io n tto v e r n m o u t g r a n t * a su b s id y o f $ 186,006 p e r y e a r t ill
U I0 6 a m i C a n a d ia n P a c iilc g n a r a u t » “ * th e b a la n ce o f in t e r e s t m o n e y ,
Cat
84, L a w r e n c e A O t ta w a b o n Is a r e e n d o r s e d w ith th e C n n a iU a n F o o l d o ■
BuniW*! ..
.
M w e p t a n o n it f a 99 9 y e a r s ' le a s e a t a re n ta l su tlloh m t 01 p a y 4 n--r c e n t
to w n xt, P a r r y B etted. 200 m ile * , o f w h ic h 33 m ile s w . ~ t t o A r n p r to r ...J
In - e r e s t o n >«*nd*, a n d th e b o n d h o ld e r s ’ a g r e e m e n t t o accept, In te rn e t
rV "
ln 1392. T r u s t e e o f m o r tg a g e o f 1889 ! « F a n n e r * ’ L o a n
i t 1 p e r c e n t (In stea d o f ti p er c e n t a * fo r m e r ly ), a n 1 Pi r e fr a in fr o m
* T r a d OoupSItv-. r . . . t.ri t,o.
• rile 8t. 1. IWi " I .... > > C o m p le te d •tom an lin g paym ent- o f p r in c ip a l d u r in g c o n tin u a n c e o f lease.
».-»■
J " r V '- 1399. H tix m . $2,000,0|);1 w i- n n o n ou t $ 1 ,0 9 0 ,0 0 0 p r e fe r r e d .
T h e N e w B r u n s w ic k R a ilw a y c o n s o lid a te 1 d e b e n tu r e s to c k h a *
1" 122* e n d in g J u n e 30, 1 $1)2, w e re , g r o « . $ 5 7 0 ,0 9 7 ; n et, in te r e s t g u a r a n te e d b y C. P ,: In te re s t on th e fir s t m o r tg a g e b o n d * ,
♦0 1,4 8 0 , I f i I8 W M M KTO**, * 5 5 8 .8 3 1 . CV. 01, p 4 9 3 .)
1 th ou gh n o t g u a r a n te e d , Is p a id out o f r e n t a l u n d e r 9 9 0 y e a r louse.
C a s h aaoete D ec , 3 1 . $ 2 3 5 ,9 0 0
$ 2 3 1 ,6 0 0
$ 2 1 5 ,0 7 6
- { V . 52, p. 0 4 0 ; V . 54, p, 6 1 1 ; V . 55, p. 10 38 ).
20
INVESTORS’ SUPPLEMENT.
[V ol. l V£,
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n tlie s e T a b le s .
Bonds—P rin c iIN T E R E S T ^ O R ’ D IV ID E N D S .
R A IL R O A D S .
Miles
Par
of
of
F o r explanation o f colum n headings, Ac., see notes
Road. Bonds Value.
on first page o f tables.
Canadian Pacific — (Concluded.)—
Out. & Que. deben., interest guar. in perp etu ity..
T oron to G rey A Bruce, 1st M., gold, iut. as rental.
N ew B runswick R y .ls t M .,gold,int.from ren ta l.c*
Perpetu al consof. debentr stock, int. g u a r.........
Cape Fear rf Yadkin Valley—Stock fo r $3,000,000
1st M ortgage series A , gold ..............................o*.tr
1st M .t 8er. “ B ,” gold (i2d on 233 m .)..............c Ar
1st
series C, gold (2d m ort. on 225 miles.).o*«fcr
8. Car.Pno. (leased) 1st M .State lin e to Benne tts v.
Carthage c Adirond.—1st M. $1,600,000 gd.gu.p.&i.
t
Calaxrissa—Pref. stocks, 7 p e r cent. guar. P. & R . ..
1st m ortgage, assumed b y Philad elph ia & R e a d ..
Cayuga Stag.—Stock, 9 p. o. rental D. L. & W . ..
Cedar Falls <t Jfm n.—Bonds on 2d d ir. sink, fu n d. 0*
Cent. Hr. U. P.—1st M. A toll. A J'. P .B R ., g o ld ...... c
Fund lnt. (m ort.) bds. (coup, hold in trust) g o ld .c
2d m ortgage (G overnm ent su bsidy)......................
Central Massachusetts—1st, m o rtg a g e................... c*
Central .v. Y.dt Western—1st m ort. fo r $l,000,000.c*
Central Ohio—Stock ($411,350 o f this is preferred ).
Consol. 1st m ortgage (for $2,850,000) g o ld ........ c
Central Pacific —Stock.................................................
1st M.,ser. A to I, incl., gold (2 sink, fd s ) not dr'n
I s t M . S. Joaquin V a l.B r .,g .(8. f.) not d ra w n ........
A m ount
R a te per W hen W here P a y a b le, and b y * Stocks—L a s t
O utstanding
Pa y a b le
Cent.
Whom.
D ividend:
*4,007,381
£719,000
£600,000
£759,310
1,960,400
$ io o
338
1,500,000
1,000
150 1886
734,000
1,000
73 1886
1,000
820,000
82 1886
1,000
1,868,700
329 1889
104,600
1012 1884 100 &c.
1,200,000
276
1,000
2,000,000
240 1881
1,000
2,700,000
240
1881
1,000
375,000
25 1882
1892
2,000,000
1893
43
1,100,000
1,000
50
3,200,000
98
1,300,000
93 1870 500 Ac.
1882
230,500
34
' ’ 30
589,110
1,377,000
61 1866 500 &c.
1,000
100 1865
1.600,000
100
1879
1,000
630,000
100 ’ 66-7-8 1,000
1,600,000
1886
1,000
99
2,000,000
1892
1,000
(?)
50
2,860,048
1,000
137 1886
2,500,000
100
67,275,500
25,883,000
737 1865-8 1,000
1870
146
1,000
6,080,000
190
174
1883
1884
iio o
£100
J. A
5
4 g. J. A
F. A
5
4 g - J. A
6
6
6
6
6
D. London, M orton, Rose.
J. Toronto and London.
A.
London.
J.
do
do
g- J. A D. N .Y ., Farm . L . & Tr. Co.
do
do
do
do
A . A O.
gA . A O. N . Y ., 4th N. Bank, Ac.
e- J. A D.
S■ J. A D.
6 g6 g.
6 g4
4 g.
7 per an.
7
6
9 per an.
7
6 g.
7 g.
6
5
5 g.
6 per an.
41 g
q
2 per an.
6 g6 g.
.....
& j . B alt.,F ’m ers’ & Plant.B k
A J.
A N.
N ew Y o r k City.
A J.
N e w Y o r k City.
N e w Y o r k City.
m .’ a ’ n . Ph ilad elph ia Co.’s office
F. A A. Pliila., Ph ila.& Read.Co.
F. & A.
do
do
J. A J. N e w Y o rk , 52 W a ll St.
j . & j . L a st paid Ju ly, 1887.
M. & N. N .Y .,U n . Tr. Co. & B ost.
M. & N.
do
do
U.S. Treas., a t m atu rity.
A . A 0. B oston O fiice A In t. Tr.
j . & j . N . Y , C entral Tr. Co.
j . & j . B alt., at B. A 0. office.
M. A S. N. Y ., U nion Tru st Co.
F. A A. N .Y ., S.Pac.Co., 23 B r ’ d.
j. & j.
do
do
A. & 0.
do
do
j.
J.
M.
J.
....
Irredeem ab le.
J u ly 26, 2882
A ug. 1, 1934
Irredeem able*
June
June
June
Oct.
Oct.
1,
1,
1,
1,
1,
1916
1916
1916
1919'
1914
J u ly 1, 1920
1910 & 1915
N o v . 1, 1912-'
1942
1981
N ov. Iff, 1892'
A u g. 1, 1900
A ug. 1, 1902Jan. 2, 1893
Jan. 2, 1907
M a y 1, 1895
M a y 1, 1895
1 8 9 6 ,’9 7 ,’ 98
Oct. 1, 1906
Jan. 1, 1943
Jan. 30 ,1 893
Sept. 1, 1930
Feb. 1, 1893
1895/96/7 &’ 8
Oct. 1, 1900.
lease w as va lid . See Y . 51, p. 493. Case has been appealed to th&
U nited States Suprem e Court. In terest was d efau lted January, 1888,
and rental is p a id into court pendin g litiga tio n . Th e Dubuque A Sioux
C ity is co n trolled b y the Illin ois Central. Stock, $1,586,500, par $100.
E a r n i n g .— tn y e a r en din g June 30. 1893* .gross earnings w ere
$117,311; deficit, a fte r paym ent ox taxes, $16,991; rental,,.$113,370 ;
logs to lessee, 8130,362. J, K en n ed y Tod. President.
C e n t r a l B r a n c h U n i o n P a c i f i c . —O wns fro m A tchison , K a n ., ta
W a terville, K an., 100 m iles ; ?eases A tch ison Colorado A Pacific, 254
m iles ; A tchison J e w e ll County A W estern, 34 m iles ; to ta l operated,
388 miles. U nited States subsidy w as $1,600,000. C ontrolled b y U n ion
P acific, but leased to Missouri Pacific fo r 25 years from Sept., 18 85 ;
rental, net earuings. Stock is $1,000,000 (par, $100), o f w hich the
U nion P a cific ow ns $874,200. Accounts payab le, $1,052,845; in te re s t
on G overn m en t loan accrued and u npaid Jan. 1, 1893, $1,868,106..
D i v i d e n d s .— In 1885, 5 per cent; in 1886, 10; in 1887, 10.
E ar n in g s .—Jan. 1 to Jan. 31, 1893 (1 m onth), gross earnings
$104,143, against $115,501 in 1892; net, $44,375, against $55,418.
In y ea r 1892 gross, $1,319,890, against $894,160 in 1891; net, $494,080,
against $246,073. D e fic it under charges in 1891, $243,189.
$16,552,529 $20,241,096 $21,409,352
C e n t r a l M a s s a c h u s e t t s . —Owns N orth C am bridge to N o rth a m p
12,231,436
10,252,828
12,989,004
ton, Mass., 99 miles. F o rm erly the Massachusetts C entral, sold in fo r e
closure Septem ber 1, 1883. T h e stock is $7,419,202 (par $100), o f
$6,299,700
$8,009,660
$8,420,348
w hich $3,949,102 is p referred and controls the com p an y u n til 8 p e r
61*94
P e r ct. o f oper. exp. to earn’gs.
60-43
60-67
$4,246,617
$4,664,493
$5,102,018 cent dividends shall h a ve been earned thereon in an y one year. L ea sed
to B oston & L o w e llfo r 99 years from O ctober 1, 1886, a t a ren ta l o f 20
1,300,000
1,300,000
1,300,000
p e r cent o f gross earnings up to $1,000,000, but w ith a guarantee o f
Balance, surplus................
$753,083
$2,045,166
$2,018,330 sufficient ren ta l to p a y interest. N e w issue o f bonds proposed. I t is
said the roa d w ill b e double-tracked. (V, 53, p. 753-1
To surplus fo r 1892 as above add in terest on loans and deposits
C e n t r a l N e w Y o r k <fc W e s t e r n . —R o ad — B elfast, N . Y ., to Per($203,603» and surplus o f previou s years ($4,701,599), m ak in g to ta l
k in sville, 41 m iles; branch to H o rn e lls v ille , 11 m iles; A n g lica , N . Y ^
surplus Decem ber 31, 1892, $6,923,532.
— (V. 54, p. 202, 587, 799, 8 2 3 , 8 4 3 , 8 4 7 , 887; Y . 55, p. 100, 297; Y . to Oleau (narrow guage), 40 m iles; to ta l, 92 m iles, o f w hich o n ly a p a rt
in operation. Th e n arrow -gau ge d iv isio n is b ein g m ade standard.
56, p. 205, 245, 331, 414.)
Successor in Decem ber, 1892, to L a cka w an n a & Southw estern, sold in
C ape F e a r
Y a d k i n V a l l e y . —In op eration fro m W ilm in g foreclosu re in 1892. V . 55, p. 977. Stock authorized, $1,000,000.
ton. N. C., to Mount A iry , 248 m ile s ; F a y e tte v ille , N . C , to BenC e n t r a l O h i o . —Owns from B ella ire, Ohio, to Columbus, Ohio, 137
netteville. 8. C., 57 m iles; F a c to ry branch, 19 m iles ; M adison and
G ranite branches, 14 m ile s ; total, 338 miles, o f which 10 m iles leased. miles, o f w h ich N ew a rk t o Columbus (33 m iles) is ow n ed jo in tly w ith
P ittsb u rg Cin. Chicago A St. Louis; operates branch, 7 m iles. L eased
Sto ck authorized, $3,000,000; outstanding, as in tab le above, of which
to B altim ore & Ohio t ill 1926, w ith op tion o f ren e w a l; rental, 35 p e r
Ju ly 1, 1892, N orth Star Im p rovem en t Co. held $1,608,000.
B onds.—F irst m ortgage (trustee F arm ers’ Loan & Trust- Co.) is in cent o f gross earnings, w ith m inim um guaran teed o f $166,000.
three series, each a first lien on one d ivision o f the road and a second
D iv id e n d s on com m on stock since 1880 h a ve b e en : In 1881, 6 ^ ;
lien on the otner divisions. N orth State Im provem en t Co., v irtu a lly the from 1882 to Janu ary 3 0 ,1 893 , bo th inclu sive, 6 per cent yea rly.
owners o f the road, hold the $1,868,000 consols outstanding, and h ave
E arnings .— Tn 1891-92 gross, $1,419,931; net, $285,999, against
agreed not to draw in terest upon them unless fu lly earned.
$187,542 in 1890-91; a ll charges in 1890-91, $509,072; loss, $321,530.
A n n u a l R epo rt .— Fiscal year ends June 30. R ep ort fo r 1891-92 in
C e n t r a l P a c i f i c . —(See Map o f Southern Pa cific.)—L in e of R o ad .—
V . 55, p. 1034, showing gross earnings $550,552; not, $196,591; obli- —M ain L in e —San Francisco, Cal., to Ogden, U tah (includ ing 11 m iles
atory interest charge, $183,240. In 1890-91, gross, $589,829; net, leased), 883 m iles; L a th rop to Goshen, i4 6 m iles; R o s e v ille Junction to
239,458. (V. 53, p. 7 5 2 ; V. 55, p. It>3 4.
O regon State L in e, 296 m iles ; oth er lines, 35 m iles ; tota l, 1,360 m iles.
C a p e G i r a r d e a u S o u t h w e s t , — See St . L ouis Ca p e G. & F. S.
T he Ch a r t e r , L eases , A c.— A consolidation (A u gu st 22, 1870) o f the
C a r o l i n a C e n t r a l . —Owns from W ilm ington, N . C., to Ruther- C entral P a cific (organ ized O ctober 8, 1864), etc. In teres t is n ot p a y
Th e
fordcon, N. C., 267 miles, ex cep t 3 m iles lea sed ; branch, 9 miles. able on the G overn m en t subsidy loa n till the bonds m ature.
Soli i J ,foJ
.n rocl08Ure M ay 31» 188°- C ontrolled b y Seaboard A Roanoke “ T h u rm a n ” act o f M a y 8 ,18 78. p rovid es fo r paym ents y e a r ly to the
and R aleigh & Gaston. In y ea r ending June 30,1 892 , gross earnings G overn m en t sinking fund. See V. 50, p. 276. J anu ary 1,1893, on C. P.
w ere $505,634; net, $115,206; interest, rentals, &c., $163,218; bal- loan p rin cip a l due G overn m en t w as $25,885,120; in terest, $30,089,320;
ance, deficit, $48,012, against surplus in 1 890-91 o f $45,429. Th ere are on W estern P a cific loan, p rin cipa l, $1,970,560; interest, $2,722,984.
also $204,000 W ilm ington R a ilw a y B ridge bonds, guaranteed b y Car- P a r value o f securities in U. S. sin k in gfu n d Jan. 1,1892, w as $4,047,500.
In March, 1885, the C entral P a cific lines w e re leased to the Southern
oUna Central, W il. Col. & Aug. and W il. & W eldon roads. N e t current,
lia bilities Ju ly 1, 1892, $219,718
Pacific Company. T h e C en tral P a cific rec eive s a ll its n et surplus
Income ab ove annual charges o f e v e r y sort and betterm ents, and th is
C£ r * ? 1 * C o J o r a d o .- i(3 - fo o t guage.)— F rom M ound House, N ev.
,
1
to Candelaria, N ov., 158 m iles; Junction, N ev., to K e ele r, Cal., 141 net surplus incom e is gu aran teed to be n o t less than $1,360,000 yearly,,
142
m iles; total, 300 miles. Stock, $6,300,000 au th orized; $4,380,000 this sum being app licab le to the p a y m en t o f dividends.
D i v i d e n d s — I n 18 77 ,8 p e r ce n t; 1880, 6 ; 1881, 6 ; 1882, 6 ; 1883,
issued. R eorgan ized in 1892 as Carson & Colorado R a ilw a y Company.
H . M. Y erm g to n , President, Carson, N ev .
y 6 ; 1884, 3 ; from Feb., 1888. to Feb., 1893, in clusive, 2 p. et. y ea rly.
B onds .—Th e sinking funds are in vested m a in ly in bonds o f tribu
C a r t h a g e & A d i r o n d a c k . —Owns fro m Carthage to Benson tary lines and accu m u late; the bonds are n ot ca lled in. T h e sin king
?5nS8’vrN e ^ \ O£ ’ 43 lm iles- Stock, $500,000; par, $100. I n A p ril, funds am ounted January 1, 1892, to $8,979,391. Th e 5 p e r cen t m ortT
1893, N ew Y o r k C entral stockholders v o te on proposition to lease the g ag eb on d s o f 1889 a re guaran teed p rin c ip a l and in terest b y the South
road, p ra ctica lly in p erpetu ity, and to guaran tee its $1,600,000 o f ern P a cific C om pan y; the m o rtg a g e is fo r $16,000,000, th e M etrop oli
n ew 4 per cents, o f which $500,000 w ill be reserved fo r im provem ents tan Tru st Co. o f N ew Y o r k b e in g trustee. (V. 49, p. 340); o f the am ount
or extensions i f desirable, in y ea r ending June 30, 1892, gross earn authorized $2,250,000 a r • r. served to r e tir * a t m atu rity a n y land
ings w ere $122,224; net, $42,578. (V . 55, p. 5 0 2 .)
5
g ra n t bonds n ot redeem ed fro m land sales, and $2,750,000 can'be a p
p lie d o n ly to the im p rovem en t o r purchase o f prop r ty on w h ich the
m iles;
m o rtg a g e sh all have, a first lien. T h e land gra n t 5s o f 1900 are stam ped
irum «o v e m S 8 r 1 ,1872, ror 999 years to Philad elph ia w ith the Southern P a cific guaranty o f p rin c ip a l and interest.
& Reading. Rental, 30 p e r cent o f gross earnings and $8,000 a yea r fo r
T h e L an d G r a n t .—T h e to ta l land g ran ted the C entral P a cific and th e
com pany expenses. Funded debt was assumed by lessees. Th ere are C aliforn ia & O regon com panies w as about 12,000,000 acres, o f which
also chattel m ortgage 5s due 1900 824,500; 7 per cent construction about 2,812,000 acres had been sold to D ecem ber 31, 1891. Sales in
b o n is due Tune 1, 1917,$62,000, and other bonds. $185,000. Seven per 1891, 71,313 acres fo r $290,103. L a n d contracts on hand Ja n u a ry 1.
cent Is guaranteed on preferred stocks, o f which $2,200,000 is first n re f
1892, $1,187,802; cash, $366,562; notes o f Cent. Pac. R R ., $2,000,000.
Common stock, $1,159,500, par $50. tn 1890-91 rental $338,830.
E a r n i n g s .— From J anu ary 1 to O ctober 31, 1892 (10 m onths), grossearnings w ere $12,434,711, against $14,103,671 in 1891; net, $5,022,? 1 nq l l e 5 iu 1
1
1
wns from Susquehanna R iv e r to
Ith aca, N. Y., 34 miles. Charter expires in 1899. Leased till then to 225, aga in st $6,484,324.
In 1891 gross earnings $16,629,104 (against $15,937,004 in 1890);
D ela w are Lackaw anna A W estern at a rental o f $54,600 a year.
net, $7,417,354, against $6,061,986 in 1890; net p rofit under the lease,
r o i M a e s o t a . —° w n s from ju nction near C edar $2,144,425, against $999,223 in 1890; other incom e, $8,400; d iv id en d s
F alls, Iow a, to Minnesota State Line, 76 miles. Leased to Dubuque A p a id (2 per cent), $1,345,510; surplus, $807,315; Th urm an A c t req u ire
Si0,UXoS n y 10r 40 yea r?
Q
J a n u ,ry 1, L867, at m inimum rental o f m en t fo r fo rm e r years, $334,754. L a n d sales used fo r red em ption o f
$113,370 per nnum. In 188/ a suit was brought to annul the lease o f land bonds, $352,771. T o ta l surplus incom e to Ja n u a ry 1, 1892.
this road, and in October, 1890, the U nited States Circuit Court decid ed $3,407,858. (Y. 53, p. 604, 639; V . 54, p. 8 8 4 , 964.)
L a n d s .— Lands unsold D e c .3 1 ,1891, w ere 15,444,200 acres o f Can
adian P a cific gran t and 1,267,308 acres o f M anitoba Southwestern grant.
T o ta l sales in 1891, from both grants, w ore 97,240 acres fo r $414,945.
G e n e r a l F i n \ n c e s .— In addition to 3 p e r c e n t dividend gu a ran teed
by G overnm ent till August, 1893, 2 p. ct. has been paid out o f earnings
each year sjjico 1889. In 1892 com pany issued £2,984,125 consol,
debenture stock.
L a t e s t E a r n in g s .—January 1 to January 31 in 1893 (1 m onth), gross
$1,535,583, agst. $1,609,102 in 1892; net, $515,031, agst. $532,151.
A n n u a l R e p o r t .— Fiscal yea r ends Dec. 3 1. A n n u al m ee tin g is held
at M ontreal on the second W ednesday in May. Th e rep ort fo r 1891 in
fu ll in the C h r o n ic l e , V. 54, p. 823, 843, 847. A d va n c e statem ent fo r
J892 V. 56, p. 205.
1890.
1891.
1892.
5,678
M iles operated Decem ber 31..
5,568
5,958
$5,459,789
Passenger earnings.................. $4,774,714
$ ............
10,106,644
12,665,540
2,115,767
M ail,expr'ss and miscellaneous5 1,671,171
f
Franklin
SI
Corinth]
ElollySprs.
Kiriloy
T ,**
-LuailHsi
BoonovUlcj
[l«*per
Oxford
OttaimvJUt
!ou*ton
AND BONDS.
RAILROAD STOCKS
M.
* * g- A
A i^ .J ^ 'C A R R O tC .T O I
Fayotfio
^U CU ST,
BUrkylH^
V 7
r S
J
< & * «•
A
r
-*nc s
U
f
\
rKoDy Mm
- ^ R O * " £ « t t/%\ ,
CHARLESTON
N
ftrJcotn.1
iiidprdalf
COIUWb D;
TROYAL
VICKS
! nah
n
T 'e u s
As***
/ llllw llle
BijsW'
m&g*i
kng«*trt
• IISWTONjC
MAP OF TUB
RAILROAD SYSTEM
Sl.lUik
3t^w Mmjafy
CENTRA!. RAILROAD
B A N K I N G
f» I I W ito.,
a
'
AiW
ter
m
am
O F G E O R G IA
CO
INVESTORS’ SUPPLEMENT.
92
[VOL. LVL
M tib o riib e rn w i l l r o t i f e r a c r e a l f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In tlten e T a b l e * .
Bonds—P rln ciIN T E R E S T OR D IV ID E N D S .
R A IL R O A D S .
For explanation o f column headings, Ac., see noteiou flrst page o f tables.
Central Pacific—( *'oncl tided).—
Cal. A 0 .1 s t M i, ser. A , g. (ex te’ d) ( s. f. yearly,
Do
do
ser. B, g. (ex te’d) s not dra w n ..
Limit grant 1st M., gold, guar., extended in 1890.
Of
of
Road. Bonds
737
147
147
123
296
296
....
M ort. gol.r. 5b. 1939. ld ig r „g u a r ., «. f., not d r’n.e 1,261
....
N otes due land gia n t fund ($500,000 due yearly.)
Central 1;H .,t Hanking Co. o f Georgia—Stock........
G eneral m ortgage "trip a rtite ” bonds................. o '
Consol, mort. for $13,000,000, gold, red. at HO.c*
C ollateral trust bonds, gold, redeem able a t 110. c*
620
311
_
Equip, notes on Get. 1.1895, inel. hit. to m atu rity
Oeeaii 88. Co. 1st m ortgage, gold, guaranteed.,.c
Hoboken W lia rf notes, including int. to m atu rity
Savannah A A tla n tic 1st m ortgage, assum ed...o’ . 18
Cent, h'K. o f N. Jersey—Stock ($30,000,000 author.)
Bonds, secured by consolidated m ortga ge o f 1874
Consolidated m ortgage (now first m o rtg a g e).. c*
Convert, debentures, convert, into stock till 1907
6
L on g Branch A Sea Shore, 1st m ortga ge........... c*
78
N. J. Southern 1st m ortga ge.............................. e*
C en t.R R .of N.J., Gen.mort.for$50,000,000,g.,Cctr A ll.
Real estate bond and m o rtg a g e s ........................
Lehigh Coal A N av., m ortgage, gold, assumed—
....
Gutiranteed Bonds—
A m .D ookA Im p.O o.lst M .,gu., redeem , at llO .e ’'
N. Y. A I.’g B r ’b 1st M „ red. in 1899 at 110,g .. -C*
G eneral m ortgage, fo r $2,500,000.................
...
38
38
1865
1869
1869
1868
1872
1870
1886
1889
1872
1890
1887
1881
Am ount
R a te per When Where Pa yah ly, and by
Outstanding
Cent. P a y a b le
Whom.
Par
Value.
$1,000
i,o o o
l 'o o o
1,000
1,000
1,000
1,000
Too
1,000
1,000
1,000
100
1890
1,000
1890
500 Ac.
100
1,000
1,000
1,000
1,000
600
500 Ac.
1872
1874
1883
1869
1879
1887
1867 500 Ac.
1881
1882
1892
1,000
1,000
C e n t r a l vH a I I r o a d A: {t a n k in g ; C o m p a n y o f G e o r j r i a . (See SIupj—OTxiis from Savannah, C a „ to A tla n ta, Gn., 204 miles;
bianrh, i .onion to M illed g eville, 17 miles; Savannah A A tla n tic R R ., 18
n iles-leases in perpetu ity—Augusta A Savannah R ailroad, 53 m iles;
P a tm to u Branch R ailroad, 22 m iles; Southwestern R ailroad and
hiui ihes, 333 m iles; leases till 1085 M obile A G irard R ailroad and e x
tension, 122 m iles; controls by ownership o f stock—Savannah A West.
R R .,6 2 2 miles; operate- M ontgom ery A Etifaula, 80 m iles; Macon £
t
Northern, 305 m iles; 1ot.nl opernled directly June 30, ’92, 1,066
miles. A u xilia ry system (the earnings o f which are reported separ
a te ly) includes, Western Railroad o f A labam a, 138 m iles ; G eorgia
R ailroad, 314 miles; P o rt R o ya l A Augusta, 112 m iles; A tlanta A West
P o in t, 87 m iles; P o rt R oyal At Western Carolina, 227 m iles; W rightsy llle A T en n ille R R ., 35 m iles ; Upson Co. R R ., 16 miles; G a in esville
Jeff. At So. R R . 65 m iles ; em bracing in all 994 miles. Grand total
In 1892,2,660 miles. A lso Ocean 88. Go., estim ated as eq u iva len t to
300 m iles o f railroad. See separate statements fo r each.
H istory , R eceivership , A c.—This road w as w as opened in 184346. Tn 1886 the Richm ond A West P o in t Term in al Com pany became
t
the holder o f a m ajority o f the stock and thereby exercised co n trol
until A p ril, 1892, when the U. 8. circ u it Court at Macon decided
th at the Term inal Com pany as a com peting interest had no right to
vote, the stock which ft holds, and appointed receivers.
The per
manent rec eive r is I I. M. Comer. In J-muarv, 1893, the Presiden t o f
the Richm ond Tcrm ii al g a v e n otice that that com pany, as a m a jo rity
stockholder, would contest any reorganization o f the Cent’l o f Georgia,
action to recover $1,213,405 fo r sums advanced tow ards paym en t o f
Interest, etc. Bee V. 56, p. 82. Counter claim s are set up.
Coupons in D e fa u l t .—D efau lt w as m ade on Central o f G eorgia
coupons due Ju ly 1 , 1892, and on Septem ber 1 Savannah & W estern,
Chattanooga Rom e A t olumbus and Savannah & A tla n tic coupons
w en t unpaid. Tin* coupons on the C entral o G eorgia collateral trust
bonds, how ever, due Novem ber 1 w ere paid on demand. On January 1,
18‘ >3, P o rt R o ya l A Aiurusta coupons w ere paid bu t A ugu sta
t
K n ox
ville , Columbus A Rom e, Columbus A W estern, R om o A Carrollton
coupons w en t to default. M ontgom ery A E n fau la coupons due Jan. 1
w ere paid Feb. 1 5,1893. Ocean SS. coupons due Jan. 1, 1893, m ei e mud
Jan. . 0. (V. 56, p. 42.)
R eorg an izat io n P l a n —Plan o f Jan. 10 ,1 89 3.provides fo r a new conBoliflated com pany —,« » » •
1---**.......... ejm - -
mortgage
00O,
660 j-.r.i iiv u mil* - h - . io u cuujuiou w in ue reserve cl fo r reo rg a n ize
t
tion expenses and belt* nuents. The balance w ill be used in retirin g
old Rfi-untiep, each iefuic to receive the; percen tage o f its fa ce valu e In
stock and bonds th at is shown in the table below ;
„
...
,
Present New 4 s. Pref. Com.
Securities to or. retired—
J mount.
P. Cl. P. ct. P . ct.
Secured boating debt and equip, notes. .$ 7 ,500 ,00*0
120
40
G en eral trip artite m ortgage bunds........ 4,999,000
120
40
C ollateral trust 5 per cent bonds........... 4,880.000
100
25
*20
E atonton Branch s to c k ...........................
167.900
100
50
30
Ocean Steamship Co. 5 per cent bonds.. 1.000.000
100
30
30
Columbus A Western 1st 6 p e r cen t......
800.000
100
40
30
M ontgom ery A Enfaula 1st 6 per cen t.. 1,500 000
100
40
30
Augusta A K n o x v ille 1 st 7 per cent . . ..
63<V.000
100
50
Augusta A Savannah 7 p e r cent stock... 1,o * 2 900
j
100
*40
70
Certificates o f indebtedness..................... 4,600,000
50
70
40
Columbus A R om e 1 st 6 tier ce n t...........
20O.000
60
50
•10
Savannah A W est’ll 1st cons. 5 p e r cent. 6,127.000
50
80
5o
M obile A G irard 1st 6 p er c e n t ..............
200 ooo
60
70
50
D o 4 per ce n t..................
8 o o j)0 0
GO
50
5Southwestern R R . 7 per cent stock......... 5,047,100
100
60
40
Savannah A A tla n tic 1st 5 tier c e n t...
250 ooo
50
50
O eiT g ia Ceulral sto rk ........: .................... 7,480000
......
2*0*6
T lio now prefcrri d slock w ill lie en titled to m oive, i f earned 3 per
ei'Pt per annum, then enpimou to 3 per com . then Doth w ill "im re pro
ratn. It |h piuposi ii that the m ortgage shall g iv e the righ t to or ate
bondp, o f the Millie Relics w ith n like lion, to the addition. 1 ammmt ,Vf
! ° ,IC |SM
I<,|1 from tim e to tim e in amounts not to exceed
$25,883,000
6 g. j . & j . United States Treasury.
111,000
6 g. J. A D. N .Y., S.Pac.Co., 23 B r’d.
2,624,000
6 g. J . A J .
do
do
1,970,000
6 g. Various United States Treasury.
5,982,000
J. A J. N .Y ., S.Pac.Co., 23 B r’d.
5
4,358,000
5 g. J. A J. N .W , S.Pac.Co. A London
3,550,000
5 g. A . A 0 .
do
do
56,000
do
do
C g. A . A O,
11,000,000
5 g. A . & 0. N . Y . A San Francisco.
4
1,500,000
N e w ^ ork.
7.500,000 See text.
J a n .,’92, d iv . last paid.
4,999,000
7
J. A J. Jan.,*92,coup, last paid.
A s collateral
5 g. A . A 0.
4,880,000
5 g. M. A N. V Y ., Secu rity A T r. Co.
4,600,000
6
J. A J. Jan..’92,coup, last paid.
872,439
N. Y ., A tla n tic Trust.
1,000,(100
5 g. j . & j . N .Y ., Security A T r. Co.
287,935
250,000
M. A S. M ar.,’92,coup, last paid.
5
22,468,000 7 p e r an. <4—F. > N. ., Office, corn er (
1,167,000
M. A N. ( W est A L ib e rty Sts. >
7
3,836,000
7
do
do
Q .- J .
494,000
6
M. A N.
do
do
197,000
7
J. A I).
do
do
411,000
6
J. A J.
do
do
37,460,000
5 g. se etext.
do
do
218.522
J. A D.
do
do
5
2,310,000
6 g. V arious Pliila., Leh.C. A N a v . Co.
4,987,000
1,500.000
142,000
Storks—L a st
D ivid en d .
1895 to 1898
Dee. 1, 1895
Ju ly 1. 1899
1895 A 1899
Jan. 1, 1918
Jan. 1, 1918
Oct. 1, 1900
Oct. 1, 1936
A pr. 1, 1939
O ct.l ,’ 9 3 to ’ 95
Jan., 1892
Jan. 1, 1893
A pr. 1, 1937
M ay 1, 1937
A ft e r J u ly. ’ 91
1892 to 1897
Ju lv 1, 1920
1893 to 1899
Melt. 1, 1920
Feb. 1, 1 X 93:
N o v. 1, 1902
Ju ly 1, 1899
M a y 1, 1908
Deo. 1, 1899
July 15, 1899
Ju ly 1, 1987
Various dates
D ec. 15, 1897
T. A J. X. Y „ Cent. R R . o f N . J. Ju ly 1, 1921
5
do
do
5 g. J. A D.
Dec. 1, 1931
M. A S.
5
do
do
Sept. 1, 1941
D iv id e n d s .—I n 1882, 8 p e r c e n t; in 1883, 7 ^ ; in 1884, 5 ^ ; in 1885,
4 ; in 1886, 6 ; from 1887 to Decem ber, 1890, at rate o f 8 per cen t per
annum ; in June, 1891, 3 ^ : in 1892, January, 3*2; none since.
G e n e r a l F in a n c e s .—T his road w as lon g one o f the m ost prosperous
in the South.
A ft e r passing into the Richm ond T erm in a l system
it ran u p a considerable flo atin g debt fo r n ew construction oh the
Savannah A W estern , A c., and in 1892 receivers w ere appointed.
A n n u a l R e p o r t .— F iscal y ea r ends June 30. R e p o rt fo r 1891-92 in
V. 55. p. 805. g a v e operations o f the p ro p erty under the re c e iv e rs h ip
from M arch 4 to Septem ber 30,1 892 , as fo llow s.
March 4 to Sept. 30, 1892.
Earnings.
Expenses.
G entral R a ilro a d .............................................$1,260,735
$830,735
A u gu sta A S avannah...................................
120.040
81.805
Southwestern, G e o rg ia ..................................
470.533
484.928
M on tgom ery A E u fa u la ................................
138,968
337,579
M o b ile A G ir a r d ............................................
97,521
100,365
Savannah A W estern .....................................
651.454
680,366
Savannah A A tla n t ic ....................................
22,415
24.387
M acon A N orth ern ........................................
7.641
7.525
Steam ship s...................................................... 1,190,285
1,039,991
B unk................................................................
8,979
8,254
T o t a l............................................................$3,968,576
$3,395,937
N e t earnings, C en tral sy s te m ..........................................
$572,638
Loss on th ree a u x ilia ry roads (355 m ile s ).....................
$116,065
Th e fo llo w in g shows t arninvs fo r a series o f y e a r s :
Tear ending June 30.
1887-88.
1888-89.
1889-90.
1890-91vM ile a g e .............................
1,477
1.667
1.743
1.898
Gross ea rn in g s................. $5,606,825 $5,844,465 $6,817,997 $7,065,828
N et,incl.invest.A SS .earn. 2,869,417 2.553,638 2,400,536 2,263.687
F ixed ch arges................... 1.601,134 1,668,729 1,896,193 2,084,471
E stim ated tixed charges fo r y ea r 1892-93, $2,721,097.
— (V. 54. p. 3 2 . 33, 7 « , 443, 485. 525. 560. 844, 9 6 5 ; V . 55, p. 21, 22
58, 145, 503, 543, 8 0 5 , 937, 977,1110; V. 56, p. 42, 82, 205, 207.)
C e n t r a l R R , o f N e w .1 e rs e y ,~ (S e e Map ) —O perates 664 m iles o t
railroad, o f which 182 m iles are ow ned, the rem ainder bein g m ostly pro
p rieta ry lines or operated under 99 >-yeur leases. Thei e m e 24 9’m iles
o f second and 29 m iles o f fo u r tracks.
O r g a n iz a t io n , E t c .—Chartered in 1849. F rom M a y, 1883, to Jan.
1,18 87, leased to P h ilad elp h ia A R ead in g. R e ce ivers w ere in posses
sion from January 1,18 87, till January, 1888, w hen the road w ent back
to its owners. T h e term s o f reorganization, etc., w ere given in the
C h r o n ic l e V . 44, p. 714, 716. D ividends w ere resumed August, 1889,
and increased to 1 % q u a rte rly iu Augu st, 1891. Concerning the com
p a n y ’s coal properties see Lehigh A W illo sharre in “ M iscellaneous.”
Iu February, 1892, the P h ilad elp h ia A R e a d in g began o p era tin g the
C entral o f N ew Jersey, under a 999 yea rs lease, but. in A u gu st, 1892,
the Central resumed possession o f its prop erty, and in Feb ru ary, 1893,
the lease w as abrogated. See references below .
D iv id e n d s .—I n 1883, l'-v p e r ce n t; in 1884, 4hrt in 1889. 3; In
1890, 6; in 1891, 6hj; in 1892, 7: in 1893, F eb ru ary, 1% (q u a rterly).
P r ic e o f St o c k .— In 1883, 681
4'g)90; in 1884, 3 7 ^ 9 0 : in 1885. 31®
52 : iu 1886, 4 2 »*® 6 4 ; in 1887, 5 5 i8 @ 8 6 l4: in 1888, 7 3 ^ 9 5 * 4 ; in
1889, 92 3
4®131: in 1890, 9 0 ^ i2 8 io ; in 1891. 105i4®122% ; in 1892.
lllh j@ 1 4 5 ; in 1893, t«» M arch 17, in clusive, 114i4®132% .
B o n d s .—Of the g en eral m ort. o f 1887 (see abstract o f m ort. V . 45, p.
402) $8.428,100 ou Jan. 1,1 8 9 3 . w e re reserved fo r other issues, an d
$ o ,l 1 l,i 00 w e re a va ila b le fo r other purposes. In teres t on the g en e ra l
m ortgage coupon bonds is pa yab le J. A J., on the registered bonds
Q.—J. Tru stee o f general m ortga ge is th e Central T ru st Oo.J
G e n e r a l F in a n c e s , A c .—Th e earning ca p a city o f this com p an y has
S cJ ^ £ v L la r ? r !^ pi,u‘e the reorgan ization in 1888. In June, 1892,
$1,500,000 a dditional gen eral m ortga ge 5 per cent bonds w ere issued
to construct and equip the N avesin k R a ilroa d, m aking the total a m ou nt
listed $36,460,000, and in January, 1893, $ 1 .00<MH>0 m ore w ere sold
lo r purchase o f T om ’ s R iv e r A W aretow n R R . fo r betterm en ts, etc.
nnn.ooo in any year. Mr further ndeition^ Urtb^-nnents and ifn
p rov
. .vrnients: so tlmt the net earnings of the lien- company maybe de
voted immediately to tlie pavtt rut of int. reft upon the funded debt
Year ending Dec. 31.
1890.
and of dividends upon the ct,pltalstoi k of the eompanv It is the oh
, $6,691,568
jeet of tide plan that tile system shall be preserved in its irte'ritv
A n th ra cite c o a l..........................
6,703.813
Old securities assenting to plan ate to be deposited with tile Mereaotifc
Mail, express, e t c .......................
Trust. K V bee plan ip full In ClIJtONicu: of .1np. 21,1893, p v ]
2(8 .3 4 4
> o satisfaetmy terms cot,Id lie offered to Chattanooga Home & Cofurn- N . Y . A L . B. D iv is io n ..............
462,838
htiB and Macon & Not them bonds.
“
^ 0ium
T o ta l gross earnings........... $14,126,563
^ Sto c k .- O f the stor k $4,220,000 In held by the Richmond A
Point T< nmnal. $2'_o,o()0 in its own name and $4,000,000 in the name O perating expenses and taxes. 8,161,276
f
« * "« * of the latter being
N et earnings........................ $5,965,287
held by the Term in al. A suit
te J erm inal. A suit to cancel the agreem ent b v * hiVi he
T erm in al C.tme into possession o f this iff ,000.000 stuck a t ft price i t s Incom e from investm ents........
$837,293
©tainted, far exceedin g itst va lu e w as brought b v the R e ce iver o f the Prem ium account......................
322,753
ar
T erm in al in N ovem ber, 1892 Sec V. 55, p. 422, 938.
T o ta l net iu com e................. $7,125,334
1891.
$6,906,211
7,004,145
291.4 11
451,920
1892.
$7,310,422
6,556,993
351,133
497,689
$14,653,687
8,526,168
$14,716,237
8,821,009
$6,127,519
$844,628
52.648
$5,895,228
$856,774
127,755
$7,024,795
$6,879,755
RAIL .LOAD STOCKS AND RONDS.
....
\
\
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\
\ Kora.via
_......
1
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\
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/
t N. Scotland ^ — -< C iA
H
Jiaca
Hadson
linghunti
FhoefliciAAU
‘ mirn
A
\*
\\
Y\f
X
/
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Great Bern
------ -
j
\
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----
ft CartHralah
-
S iia ro ok in
PoMtvilf®
4i»v#a
Aabta;
fRttHOlfc ■ A
Xurffhej
SIL JloftyS
P H IL A O E t P H j
t&wny'nm
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^
i
FtffMdAgdi
S . XiaVoD
S
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W
rtm
f* 3 s JSw terf.'
w
r
W«se#»«si#wif < \ w
H
r%
_
.|
'Mmlfbrd ,ijttitmttfijr
>
A
5J
/A
k
V ? ^ ru a rrt*
* .* J
tCOk
BarnegaJZ
0%itm
wW
'initeJowSL
S»hm
rf A c d I * V .
«J* Gran
uJtk-l&ir
r.a CrJT f.<
ft
\TOCKE8T0M5. i i
tMtar'L.
Wgg Harbor'
*/
Atlantic CH'
Mt. PteW
M
SO«.f4W
toro
muor
•. *
MAP OF THIS
CENTRAL RAILROAD
NEW JERSEY
OF
A X I) CONNECTIONS.
94
INVESTORS’ SUPPLEMENT
[You LVI
KAILROAD STOCKS .AND BONDS.
March . 1893.)
2 5
S u b s c r i b e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b l e s .
R A IL R O A D S .
o n firs t p a g e o f ta b les.
Central of South C a r o lin a —1 s t m o r tg a g e , g o l d -----1
Central Vermont—C on solida ted. B R . o f Y t - 3s t M
40
185
.....
O llie r u n d e r ly in g s e c u r itie s a m i Ife iis ................
C e n t .V t .ls tc o n s o l.il::
$ 1,000
100 A c .
....
1881
1SS3
T. , .
1893
1989
* * w $151100,000..........
Centralia et Chester—1st Id. f o r $1 ,6 8 0 ,0 0 0 , g o l d . c '
Char. O.d Chic.—S to ck *->.'>,000 p e r B i l e ..................
,.
103
103
150
1890
191
191
....
23
1869
1872
1883
1871
IX
5)10 A c .
1,000
1,000
1,000
ZHshursements—
1890.
2.79 8,1 48
2,739, ,79
Dividends.......... ................. ..(8)1.1 S7,002 (6 "s* 1,455,431
T o t a l d is b u r s e m e n t* .. . . . . . . . $ 5 ,7 3 5 ,0 5 5
$6 ,0 02,78 1
B a la n c e , su rp lu s ................... $1 ,3 0 0 ,2 7 0
$03*2.014
~ < y . 5 4 , p . 28 8, 40 1. 0 6 7 . 8 8 1. 8 8 4 . 96 7, $97, 92 3; V . 55. p. 2 2 ,1 7 8 33*3, 3 7 3 ,3 7 4 , 0 9 0 ,7 2 2 , 85 7, 9 3 8 , 1110; V. 56 . p. 92, 217, 31 3, 3 3 0 . 333.
m
I
w
-_
If:
6,5 6 7 .0 0 0
7,3-15,000
1,4 6 7 ,0 0 0
2 ,000,000
2 ,0 8 2 ,0 0 0
2,57 8,0 00
2 ,000.000
500,000 1
5 0 0 ,0 0 0 I
5 0 0,000 1
1,4 4 0 ,0 0 0
200,000 ;
4 0 0 .0 0 0
1 5 0 .0 0 0 ;
8 7 5 .0 0 0
2 ,2 8 7 ,0 0 0
2,0 3 3 .7 2 9
2 , 000,000 f
142.000
23,33,-1,000
5 ,0 0 0 ,0 0 0
1,000,000
1.000,000
6 5 0,000
4 0 0 ,0 0 0 I
18 ,1 51.(99 )
3 .0 0 7 ,0 0 0
B on d s—P r in c i
p a l, W h e n D n e .
Stocks—
Last
D iv id e n d .
J. N . Y „ C u y le r, M o rg a n .
J, B o s to n . A m . L . & T r . Co.
J . B o s to n . A m . L . A T r . Co.
J .;N , Y ., F a r m . L . A T r . Co.
5 g.
J u ly 1, 1921
June 3 0 ,191S
1943
J u ly 1, 1 9 1 9
5 g. ! Q .— J.
O c t , 1 8 9 0 ,la s t p a id .
J u ly 1, 1 9 4 7
7 g. J . A J .; N . Y „ 1 2 W .2 3 A f'h a ’ St'n J a n . 1, 1 9 3 ©
Ir r e d e e m a b le .
7
i .......
i
.......................
6 g. ‘A . & 0 .
......... .............
A p r . 2, 1 9 1 0
J u n e 1, 1 8 8 9
7
:J, A
J .f
do
do
J a n . 1, 1 8 9 5
7
A. A
O.
do
do
Oct- 1, 1 9 1 0
J.
do
do
J u ly 1, 1 9 3 *
d S- J. A
A . A O. [P h ila d e lp h ia ,P e u u . R R . O c t. 1, 1901
0
tl
g. J.
J.
J.
6 g.
o
j.
5 g.
F,
0
J-
tr
6 g.
8 g.
0 g.
5 e.
2-1 g.
1 g.
•l g.
5 g.
5 e.
4<sg.
g.
A.
A.
J.
M
J.
A
A
A
A
A
J- &
J.
J.
M.
M.
M.
A
A
A
A
A
D. J u n e ,'9 1 ,c o u p .la s t p a id D e c . 1, 1 9 1 9
J. J u l y ,’ 91, co u p , la s t p a id J ’ y , ’0 5 -J a n .*0 7
J.
do
do
j J u ly I , 1 9 1 9
J.
do
do
!
19 20
A.
lu d e fa u lt.
I A u g . 1 5 ,1 9 3 7
J. N . Y .»D r e x v . .M o rg . A C o. J u ly 1, 1 8 9 S
O.
do
do
| J u ly 1, 1 9 0 9
do
do
J a n . 1, 1911
0.
do
do
: J u n e 1, 1922D.
do
do '
! M a y 1, 1 9 3 9
N
do
do
; Jau. 1, 1 9 8 9
J.
J.
do
do
: J a n . 1, 1 9 8 9
do
do
! J a n . 1, 1 9 8 9
.1.
J.
do
do
J u ly 1, 1 9 4 0
■s.:
do
do
M o b . 1, 19 41
do
do
1 M e h . 1, 1992
8.,
8.
do
do
! M eh . 1, 1 9 0 2
1892.
S era*
r tltlc .u * f o r $ 2 0 0 ,0 0 0 a u t h o r iz e d a n d m o s t ly u s e d t o p a y f o r t h e
$1 ,9 3 0 ,4 4 2 i ex t- t o d o n o f 18 w i l e * t o G ib s o n . o o m p H e d S e p t., 1892. K e o r g a u iz a t lo n
2,7011,928 In p r o g r e s s
M o r t g a g e t r u s t e e is A t la n t ic T r u s t C o. o f N e w Y o r k .
<T> 1,572,725 ; S to c k a u t h o r iz e d $ 12,000 p e r m ile ; o u ts ta n d in g , $ 1 ,3 8 0 ,0 0 0 ; p a r . $ 1 0 0 .
------------- F ro m J a n u a r y l t o Dee. 3 1 .1 8 0 2 (1 2 m o n th * ), g r o s s e a r n in g s w e r e
$ 6 ,1 2 2 ,0 9 5 $1 19,501, u m d o s t $ 1 3 7 ,6 0 4 Ml 1901. In y e a r 1891 g ro s s e a r n in g s w e r e
$757.01,9 8137
H -i
a
:V . 5 1 .p . I .Vs, lo 3 ,5 2 5 ,J
1891.
- ' E Y ; , -31
In t e r e s t o n d e b t ........................ .
C en tra l
! S-
8 a V a . s .m i A W u sT K E S .v
1,000
96
18 89
1.000
. . . . ’8 V 8 7
1,000
1883
C h at. U n ion co n so l, in e rt, fo r $6 0 0 ,0 0 0 , g o ld ., .c
U n io n D e p o t bo n d s .....................................................
1,600
Oha.S S<u/L—l* l M ..$ 2 5 ,0 0 0 p .m .jr .,A f..n o t tl'rn .o * j 35 1897
1,000
Chesapeake it Ohio—P a r c h , m o n e y fu n d in g , g o ld .c " 428 1979
1,000
1 503
1878
1 s t m o r tg a g e , g o ld , s e rie s " A ” ......... ....................c ‘
1 9 *1
1,000
75
1 s t m o r t g a g e .o f 1911, P e n in s u la r E x te n s .,g o ld .c 1882 500 AC.
8
1s t n w t t , o f t 9 2 2 ,o ii e x te n s io n , g o l d ............. . . o '
1,000
65 5 . 1889
250
1890
1,000
R i c h . * A l l D i r . 1st co n so l. S C ,g o ld , (S ee ren t.).«•
256
1890
1,000
Do
do
do
g o l d ___ . . . .
256
1SSK)
1,000
MMX>
m , 19 00
C r a ig V a lle y b r a n c h 1st m o r tg a g e , g o l d .............c
1.000
W a rm S p rin g s B r a n c h 1st m o r tg a g e , g o l d . ....... e*
22 1.800
0*5
1,000
1802
O e n e r a l m o r tg a g e (fo r $7 0 ,0 0 0 ,0 0 0 , e t c . ) g o ld , e
1872
1,000
s m»
E ilt a . L e x . A B ig S a m ir 1st m ..g .,g u a r , p .,4 l .c
Rentalsp-lid . . . . . . .
$ 3 0 0 ,0 0 0
7 ,0 0 0 .0 0 0
4 ,0 0 0 .0 0 0
IN T E R E S T O R D IV ID E N D S .
p e r i W h e n W h e r e P a y a b le , a n d b y
C eni t
[P a y a b le
W hom .
4
1,000
100
1,000
1.000
1.000
1,000
100
1897
O ld 1st M .. g o ld , ($ 2 5 ,0 0 0 p, to .) W lie r e t ir e d ..e *
($ lt 5 0 0 ,0 0 0 ),g ..e * i
1st a n d 2 d p re f, m e., $ 1 ,0 0 0 ,0 0 0 each, n o n -e m n ..
Charleston Sumter < Xorlh.—l s t M .$ 1 5 ,0 0 0 p .in .,g.c
&
Charlotte Columbia « f Augusta—S t o e k ........................
1 st m o r tg a g e c o n s o lid a t e d .. . . — ......... .................
2d m o r tg a g e .................................. ................. ............. ;
Charleston A Somanrulh—G e n .M .
Chatt. tiome Jr Cot.— b b
B
:
S iz e , o r
Am ount
Par
O u ts ta n d in g
V a in a
M ile s D a t e
of
of
R oad . B onds
*
,.
,
.
c h a r l o t t e * C o l u m b i a A A u g u s t * . — O w n s fr o m C h a r lo tt e , Bf. O .,
t o A u g u s ta , O * ., 191 t u l l e * ; le a s e s A t l a n t i c T e n n e s s e e A O h io R a i l
* * m ile . , C b e ra w A
44 ItJiSt s ; \ Ait l o w IV ’C >*" -AI* r, ** s ' tl i iles;.
h es te i , 2 0 m i 4t-VS
a „ d ( T , , - t . r A U sn o ir, 109 t n ile e i t o t a l o p e r a t e d (In c lu d in g 10 m ile s o f
. — ■ ; f C".V-4 . 4 .14(4 irlo * ( C 1" p tt a t e s * 14(1 ,
r o a d , C h a 1* * tte to S l l l ' A v ille
4 c r Ii t o « i t . - R 0 4 i , - O w n * W in d s o r P » t o m - * P o in t, l . ; *
mUe*; Essex Junction to Burlington. 8 mile*; Swanton Jane Ion to
W e ttm t y llrtb Carolina), 873 miles.
P r o v in c e , 11 m iles : M o n t p e l i e r t o W fU J « u « t o w n , 14 m ile * ; o t h e r , 2
, . . . . ................. .......... , ... « . . . ,000
L m s K i , t o R ic h m o n d A D a n v ille In M a y , 1886, fo r n et e a r n in g * . I n
mB&m t o ta l t>w:»ecl, % m m ite*,, h a , >i:s R u tla n d K U .— B e llo s s P a i ls t o
B u rlin g to n . 120 tu lles; A d d is o n K B .— L e ic e s t e r J u n c tio n t o .Tfeondewnga. e a s e o f a n y dftttn icn cyim n e t e a r n in g * t o p a y axed c h a r g e * th e le a s e *
tu ay a d v a n c e tit® fu n d s , *u c h a d v a n c e s t o lie s e c u re d t o i t b y a m o r t
15 m iles ; M o n tre a l A V e r m o n t J u n c tio n — P r o v in c e L in e t o S t. J o h n s, 23
m ile * ; 4. 8. A C h a m b ty U K , - 8 . 3, A C . J u n c tio n t o W a t e r lo o . 43 m ile * ; g a g e lien i n f e r io r o n ly t o t h a t o f e x i s t i n g m o r tg a g e s .
O g d e w b u w * la th e A u t n p la t o R K . - - R o » * c ‘* P o in t to O g d c n sim rjf, 11$
B r ia n * a x p a t o c a * —T h e c o n s o l* o u ts u ttid ln g a r e g u a r a n t e e d a s to»
mBest; N e w Iscoidoa A N o r th e r n R R .— S riM ile b o 'ro t o S e w L o n d o tt, 121 p r in c ip a l a n d In t e r e s t b y In d o rs e m e n t b y U. A D .; $ 2 ,5 0 0 ,00U o f t h l »
tu lles; B ra W le b o ro A W h it e h a ll R R ., 3 6 utile-*; B u r lin g to n A L ansotRc iss u e 1 r e s e r v e d t o r e t ir e p r io r is s u e * a t m a t u r it y . O f t h e s to c k $ ! , *
R R ., 34 t i t t e m t m g g n A V a l i e v R R . - 8 t A lb a n * t o R lc h fo r il, V t., 2 8 8 0 9 ,0 0 6 w a s d e p o s ite d b y R ic h m o n d A W e s t P o in t T e r m in a l u n d e r l t »
m iles ; M a i o n e A St. L a w r e n c e . M a lo n e , V . Y ., to B ea u h a rn o is J u n c tio n , c o lta trn a l tru st d e e d o f 189!>. D iv id e n d * In 1 8 8 9 .4 p e r c e n t ; ta 1 8 8 6 ,2 .
I n J u n e, 1902, th e R ic h m o n d A D a u v lU e a n d th o R lo b m n n d T e r m i n a l
tf-.tebec, 3 2 m i l e * ; t o ta l. 783 m iles .
S u r O M . —A c o n s o lid a t io n In J u n e . 1 8 92 , o f th e C e n t r a l V e r m o n t , w e n t in to r e c e iv e r * ’ b a n d s, b u t I n t e r e s t o n C . C . A A .*« b o n d s w a s p a id !
V e r m o n t & C a n a d a . M o n t p e lie r A W h it e R i v e r a n d C o n s o lid a te d R a il as visual J u ly 1, 1892, a n d J a n . 1, 1893. B ee t h o s e 00u>panics.
K * A ffix e s .—I a y e a r e n d in g J u n e 30, 1892, g ro s s e a r n in g s w e r e
r o a d o f V e r m o n t , C o m p a n y o w n * $ l , « « o , 0 O 0 » t — V o f th e O g d c n s b u r z
A L a k e C h a m p la in- R R . T h e ------ ---- ...... e S e w L o n d o n A N o r th e r n a n d . $ 8 6 5 ,3 0 6 : n e t, $ 2 3 4 ,6 9 6 ; »ut«........ $ 2 0 5. . 0 0 : r e n ta ls , A c ., $ 0 3 ,4 3 8 ; do............ ........ ....
, .......
... ------ -----— --- ----- ---- R u tla n d , t h —
in t e r e s t. „ .... ,0 . . .
th e O g d e im b u rg A L a k e C h a m p ln in a r c d e s c rib e d u n d e r t h e ir o w n title s . B elt, $ 3 3 ,7 5 2 . In 1860-91. g ro s s , $ 9 0 2 ,7 4 8 ; n e t, $ 3 0 6 ,0 0 3 ; s u r p lu *
S t o c k .— Be f o r e c o n M U d a tlo n C e n tr a l V e r m o n t h o d $ 1 ,0 0 0 ,0 0 0 s to e k a b o v e c h a rg e s , $ 3 6 ,6 1 2 , (V . 53, p. 943; V . 5 5 , p. 7 6 4 . )
a n d C o n s o lid a te d o f V e r m o n t $ 7 5 6 ,0 0 0 p r e f, a n d $ 3 0 0 ,0 0 0 c o m m o n .
f h a r t t e r s , —O w n * fr o m M a n s fie ld ,P a ., t o W a s h in g to n , P a ., 2 3 m il© .
B o tin s . - A c o n s o lid a te d m o r tg a g e f o r $ 1 5 ,0 0 0 ,0 0 0 o f 4 p e r c e u f* is 80M u n d e r fo re c lo s u r e e n d rem rm m lzed In 1 8 07 . la*.vscd fo r 09 y e a r *
a u t h o r ir c l, o f w h ic h $ 1 1 ,0 0 0 ,0 0 0 to t a k e n p p r io r s e c u ritie s and $ 1, fr o m J a m i w y 1 . 19|2> t o th e M t t s b n r g C lm u m m U A 8 t, la n tls n o w
00O.0..0 to 1.0 n s e d f p r t g r t v e m e n u .. .
p a y a b le w e r e $ 1 ,2 5 9 ,3 5 9 'J u iy 1 .1 8 9 2 , in e in d e d In $ 4 ,0 0 0 ,0 0 0 o f
u n d e rly in g B en * a n d s e c u r it ie s " i.» table miun'm.
285,
j! *?**y
dlvldm u Ts
(»
w
p e r c e n t ), $ 5 1 , 0 2 1 ; b a la n c e , $ 6 6 1 ,
C a p ita l
$ 5 0 ). o f w h ich th e P e n n s y lv a n ia R a ilr o a d o w n *
AffffCAl. R K ro iir.— Fis.ial yea r cuds June 30 R oport fo r 1891-92 |^ ^ ....... 'i............. *'^ h o o 18860a * fo l llow ss ; In 1 8 8 7 ,1 8 8 8 a n d i18 8 9 ,5
u f h l c S s Since 1 8 8 as fo l o w : I n '1887.1888 and r ~ ~ "
...... g ^
1In V . 5 6 , p. 4 1 , s h o w in g t o ta l r e c e ip ts . In c lu d in g s t e a m e r e a r n in g * . , tier c e n t; in I 8 6 0 , 5 % ; In 1 8 9 1 . 7h; In 1802, A p r il, 4; O c t o b e r , 4,
$5 ,4 50,58 3: n e t, $1,661,89(1. P a y m en t-*—1 a x e s . $1 3 0 ,5 0 0 ; In t e r e s t on
T
bo n ils, $ 3 5 7 .7 5 1; in te r e s t o n flo a t in g d e b t, $9 0,7 6 9 ; r e n ta ls , $ 9 8 1 ,2 6 1 ;
O g , T r a n s it Co.. * S o ,.Y ,l; t o t a l. •*1,0
B a la o e e . $ 1 3 4 ,6 4 0 , o u t o f
W h teli M i d e x t r a o r d in a r y expetw uw , $ 1 1 1 ,7 5 0 .— (V .;5 i, p. 6 8 0 , 7 1 5 ; V.
53, p. 7 1 2 , 980; V. 5 6 , p, 4 1 .1
C o n t r a l t o A C h e s t e r .—fSte M a p j - C h a r t e r e d t o b u ild fr o m Chewter, m , t o A lb u n o n t, l i L . w ith b ra n ch t o it p o in t o p p o s ite St. G e n e v ie v e ,
T o t a l d is ta n c e , 140 m ile *, in c lu d in g s id in g *. R o a d couvpiebsd a n d in
OpetwHon b e tw e e n S p a r ta a n d < ' n t r a lia , 4 5 m ile * . A t C e n t n d ia co n
n e e tia n 1* m a d e w ith th e B H a o is C e n tra l. B o n d * s u t lio r h e d , $ 1 2 ,0 0 0
p e r m ile , c o v e r in g r o a d b e d , eQ O lp m rh t a n d te r m in a l fa c i l i t i e s ; s to c k
Issu ed an d so h s e rib e d f o r tik e a i n w m
T h e tm o l i* . u n . l w d g a u g e n ix!
is to ld w ith no*p o u n d s te e l r o d * .
C h a r l e s t o n t I n . l n i m t l ,v C h i c a g o . — P r o je e t e d fr o m S u m ter.
8, C . to R fr iia r d s o n , K y „ 5 1 0 m ile * . O f w h ic h 175 m ile s b e tw e e n < am
d « a . S. c . . a n d M a r lo n , N. C „ 1» n o w In o p e r a t io n , fo r m in g a th ro u g h
lin e , to c o n n e c tio n w ith th e S o iilh C a ro lin a R R .. 2 9 0 tulU - in le n g th ,
b e tw e e n C h a r le s t o n .S . C .,a n d R u t h e r t o r d t o ii, N . I . R o a d is a ls o In
o p e r a t io n In T e n n e s s e e ttnm J o h n so n C ity to C h n k a S p rin g * . 2 0 m ile * .
I n F e b r u n r y , 18 9 1 , r e c e iv e r s w e r e a p p o in te d . B ee V. h i. p. 485.
A re o r g a n iz a tio n p la n o f A u g . 2, 18 92, s u p p le m e n ta r y t o t h a t o f
J u n e 1 8 ,1 9 0 1. has been a c c e p t e d b y th e s c o ilr it y b o U le rT e n tte s s e e
p o r t io n o f ress.1 wm b o u g h t by b o n d h o ld e r * a t fo r e c lo s u r e s a le In 1902,
a n d th e r e m a in d e r or th e p r o p e r t y w ill l « i s o ld cm M a y 2. 1893. Hoc
V , 5 6 , p , * 13. S ee r e o r g a miz a t io n p la n , V . ,>5, p, 462. R e c e iv e r 's c e rt;
n n tlo
,*>5. » .
. .1
1 r a te s f o r $ 2 6 0 ,8 9 7 w e r e o u ts ta n d in g J u ly , 1891.
E * * S iiff■:* — F r o m J o s u n r y 1 to J a n . 3 1 ,1 8 9 3 <1 m o n t h ), g ro ss e a r n
in g * w e r e $1 2,4 9 5 , a g a in s t $ 1 1,130 In 1892; d e ttr it u n d e r o p e r a t in g
e x p en ses , *1 0 .4 3 0 , a ga in s t d u flo lt o f $4 77,
in y e a r 1982, tfrn**, $ 1 5 0 ,3 7 9 : d e flo it D o n ) o p e r a t in g . $ 2 2 ,5 4 9 .
In
. . . i ___--.302
i ' f ' i ., „
' ' r , .......
G eneral oOtees o f th e c o m p a n y , 4 5 B r o a d w a y , N . V . (V . 53, p. 156.
1 8 8 ; V .5 4 , p. 287, 4 8 5 , 68 3, 7 9 9 , 9 6 9 ; V . 55 , p. 2 1 . 1 4 5 . 4 8 2 ; V . 56, l>.
C h a r le s t o n
C h a t t a n o o g a H o m e A C o l u m b u s . —8p,K SAVANNAH A WESTBhW.
C h a t t a n o o g a s o u t h e r n . — C o m p le te d i n J u n e, 1891, fr o m C h a t
tn iK w g a., . T . m .I, v ia . A lp in e , G o ,, t o G a d s d e n , . Ji d , P 8 6B m ile sq H —h I
......
. o .S
__ .... ____ ____ A H H
H M , w it
I h ra n ch e s, 10 m ile *. In F e b ru a ry , 1892, a r e c e i v e r w a s a p p o in te d , a n d
i tn M a rch a r e o r g a ttls a tk m p la n * » a d o, te d . M 5 4 , .p. 183. R c e e lv e r ia
pm
V, W
c e r title a to s f o r $-250,000 w e r e a u th o riz e d In M a y , l « » 2 . F o r e o lo s n r e
7«< d e.ta k e* p la c e F ell, 2 7 , 19W3, C o n w d ld a tlo n W ith M a r ie t t a A N o r t h
G e o r g ia - * w h ic h see— w a s p ro p o s e d in D eo etn lio r, 1892. B e e l v e r 1*
f 4 . W . Ito o r k * . S to c k a u th o r iz e d ($ 1 5 ,0 0 0 p e r m ile ). $ 2 ,0 0 0 ,0 0 0 : o u ts ta n d in g , $1 ,4 40,00 0. (V . 5 1 , p. 2 8 7 , 4 8 5 ,8 8 6 ; V . 5 5 , p. 722,1
C h a t t a n o o g a U n l o n . - O w n s 4 3 m ile * o f b e lt rn iir o n d In C h a t t o notuta, T«J>t»- . o o t m e e tin g th o to n lin e * e n t e r in g t h a t o i t y . In S e p t e m b e r ,
1991. $ 5 1 0 ,0 0 0 o f th e $ 1 ,0 0 0 ,0 0 0 c a p l t i l s to e k w n s p u rch a se d b y t h e
| A la b a m a G r e a t S o u th ern , a n d so Is h e ld in th e In t e r e s t o f th e E a s t
j T e n n e s s e e V ir g in ia A G e o r g ia . H . 8. L lia m h e r ia t n a p p o in t e d r e c e i v e r
lu F eb., 1392. .M ajo rity co n s o ls d e p o s ite d w ith W in . I f , B la c k fo r d , o f
j B a lt im o r e , H<L, a n d la r g e m itio rtty o f u n d e r ly in g issu es w it h I f , W .
B a r t e l, o f i'h lla d e lp it ia (D r e x e l B u ild in g ), p e n d in g fo re c lo s u re . F r o m
i J a n , 1 t o S ep t. 3 0 ,1 8 9 1 (9 m o * .), g ro ss ea rn Inga w e r e $7 4,8 6 0 , a g a in s t
1 $ 8 6 ,5 7 0 in 1 8 9 0 : n et, $ 2 2 ,0 0 9 , a g a in s t $ 3 3 ,7 8 9 . (V . 3 3 , p . 407.1
; < i i c a n p e a k e A O h i o , — ’ -See Map. ) — O w n s O ld P o in t C o m fo r t , V o . ,
v ia N e w p o r t N e w s a n d C h a rlo tte » v B le . t o B ig B a n d y R iv o r , W e s t V l r KlDlii, 311 i * H e « ; R ic h m o n d t o C lift o n F o r g e , v a ., 2 3 0 m ile s ; a ls o h o ld s
th e o w n e r s h ip (th r o u g h a ll th e b o n d * a n d th o b u lb o f th o s t o e k ) o f t h e
lin e fr o m Ashland, K y . , t o C o v in g t o n a n d t h e b r id g e b e t w e e n C o v in g
to n a n d C in c in n a t i; a n d h it* a b s o rb e d th e E H g ttb etb to w u L e x i n g t o n
A B ig d a n d y , th e O h io A. B i g B an d v R R . a n d t h e K e n t u c k y A S o u t h A t
la n tic K K ., 2 0 3 m i s * (o f w h ic h 21 m ile s le a s e d a n d 2 0 n a r ro w g n u g e .);
t o g e t h e r w ith v a r io u s b ra n ch es, th e w h o le o n J u ly 1, 1392, a g g r e i e a t in g 1,183 m ile * o f o w n e r s h ip a n d 115 m ile s o f le a s e h o ld a n d t f a „ *
a g e r ig h ts f o r le a c h in g W a s h in g t o n , (Wo.
HisTr.tiiV, A c .— T i l e fo r m e r C h e s a p e a k e A O h io w a s s o ld la fo r e i c lo s u re A p ril 2 ,1 8 7 8 , a n d tills c o m p a n y o r g a n iz e d . In 1 8 88 . u n d e r
A S a v a n n a h . —O w n s fr o m A s h le y R i v e r J u n c t io n , ; (lie d ir e c t io n o f D r e x o i, M o rg a n A C o., r e o r g a n iz e d w ith o u t fo r e c lo s u r e ,
S. C.. to Central R R . Junction, (in., 97 m ile*, and branch (1 m ile*. Opcrate-s A s h le y J u n c tio n t o C h a rle s to n , 9. C . 1 1 m i l e s ; a n d C e n t r a l J u n c
tio n t o t e v a n n a fc , G A , 7 tn lle a ; t o t a l, 121 m iles . B ra n c h fr o m G ree n
Po n d t o W a te r; •t » , 9. • ' . 1 s m ile *, is c o n tr o lle d lu sa m e in t e r e s t b u t
o p e ra te d s e p a ra te ly . F o re c lo s e d J u n e 7, '9 0 . a n d p r e s e n tc o m p a n y organ feed. B e lo n g * t o P la n t sy s te m . S ee 9 a v . F ia . A W e st. S to c k $ 500,000 .
| y o m J a n n a ry 1 to tteeern tier I I I , 1 8 9 2 (1 2 ro on th s), g r o s s e a r n in g * w e r e
f 09 8.5 2 8 , a g a in s t $ 7 1 9 ,3 7 6 in 1801. In c a le n d a r y « a r 1801. grem sra rn m g » w o re * 7 1 0 ,3 7 7 : n e t , $ 2 0 2 ,4 9 0 ; ffin ptu s o v e r C h arges, * 0 2 .1 0 8 , o u t
O f t e h ljh w a s p a id 6 p e r c e n t o n firs t p r e fe r r e d In co m e s. B ee V. 5 4 , p,
40o. P a id 1% p e r-cen t o n B rat in e o m e s in 1,999, a p e r c e n t tn 1800, 6
™ 1801. 0 In 1892 t o r y e a r 1991,
II. B . P la n t , P r e s id e n t , N e w Y o rk ,
— IV . 54, p. 40 5.)
, C h a r l e s t o n S u m t e r A N o r t h e r n . — O lw r o t e * fr o m P r e g n a lls ,
• f - « - » t e S iW w n S t a t io n , S. 0 ., o n t h e 8 - a b o a r d A i r L in e , 132 m iles , a n d
bra n ch es, 18 m iles. R e c e iv e r a p p o in te d J a n u a r y , 19 92. a n d r e c e lv -
and the road ex ten ded to Cincinnati. T h e consolidation w ith the Rich
tn on d A A lleg lia n y was co n s u m m a te d in January, 1890, T h e E liz a b e t h
L e x in g t o n A B i g s a n d y a n d o t h e r r o o d s w e r e p r a c t ic a lly a b s o rb e d i n
1802. a l l th e ir s e e n r ltle s h a v in g b e e n p la c e d u n d e r th o 0. A O . g e n e r a l
m o r t g a g e e x c e p t in g $ 3 ,0 0 7 ,0 0 0 K. L. A B. 3 , bo n d s a ssu m ed b y 0 . A O .
a t 5 p e r ce n t. In D e c e m b e r , 1892, th e C h e s a p e a k e A O h io S tea m sh ip -
C om pany (L im ite d ), was organ ized, this com pany tak in g a m ajority o f
Its Stock. See v . 55. p. 1078.
U n til J a n u a r y 1 , 1 8 04 , th e v o t in g p o w e r a n d c o n tr o l o f th e C. A O.
re m a in w ith th re e tru stee s, v iz .: J , P t e r p o n t M o rg a n . J o h n C r o s b y
B r o w n a n d G e o r g e B liss. T h e r o a d is t h e r e fo r e c o n tr o lle d In sa m e In
t e r e s t as th e C le v e la n d C in c in n a ti C h ic a g o A 8 t, L ou is.
C a p i t a !, sto c k .—C o m m o n s to c k Is $ 0 0 ,1 8 7 ,1 0 0 : in c re a s e d fr o n t
$ t s ,0 0 0 ,0 0 0 0 ) th is fig u r e In 1802-93 t h r o u g h e x c h a n g e o f p r a e iic a lly
a ll th e $ 25,000,000 o f p r e fe r r e d sto c k s fo r co m m o n s to c k a n d g e n e r a l
m o r tg a g e 4 5 p e r c e n t s In c e r ta in p r o p o r tio n s . O n ly a h o n t 2 p e r c e n t
s
ts
S.
T
INVESTORS’ SUPPLEMENT.
|Vo l . L V I.
RAILKOAD
March , ISk’S.J
STOCKS AND BONDS
27
N ilbscribcrs w ill c o n fe r a g r e a t fa v o r by g iv in g im m e d ia te n o tic e o f a n y e r r o r d isco v e re d i n th e s e T a b le s .
J(<m,(s—PrtDdIN TE R E S T OR DIVID E ND S.
Miles Date Size, or
pal. When Due.
Amount
When
of
Par
of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Boatl. Bonds Value.
Ceut.
Whom.
Dividend.
RAILRO AD S.
on ta rt page o f tables.
O K tea p ea k e i O h io.— ( C o n c lu d e d .)-*
Chre. & Oliio Equipment trust bosd-S role
A lle g e -:.: Car Trust. Series A B
■
Equipment notes................... .................
Elevator Co. 1st M_,gnld,p. A1 gsar. by C.
2d mortgage, for #o<M,000, impure, nonNew River Bridge Bouda, gold..:..............
Buokurn Br. RR. UtM.. $13,000 p.m.,g.gu.,
Obex. Ohio A South weMern.
Padre-. A Elir.,lstM..s. f „ dr*n at 100f$300,
C. O. A 8. W. 1st rnnrt.. gold ($19,000 per i
Chteuuo * Alum—Common S tu c k —
Preferred stock (7 percent yearly 0
General mortgage. sterling, for £9
&IJ
i City St. 1_ A 0. pref. stock, guaranteed.
Joliet A Clue™ 7 p.e. stock, petpetogmur. by C.AA,
8b iantls Jacksonville A Chic., 1st M., tuwmiwd
1st mortgage, endorsed by Chicago A A lto n ..
2d mortgage, endorsed far Chicago A A lton—
2d mortgage, assumed....................................
Louisiana Jk Mo., guaranteed preferred stock...
1st murt. bond*, aMiuned by Chic. A Alton____
1st atorf. {interest guarauti-t-d Ciiic, A Alton!'
2d mort. (interest guaranteed Chicago A Alton)
Miss. R iver Bridge, stock (7 pure?, guar. (C.A A)..
1st mort,, gold, assutjicd, sink, fund, dr’n at 100.
Var.
1.000
___
....
1888
1888
1888
1892
S i.ooo
1,000
1,000
1,000
186
352
352
T- T
T
....
1877
1881
1881
1.000
1,000
1,000
1,000
322
162
162
38
150
37
37
150
101
101
Dll
101
1873
1S78
___
. -♦
1804
1804
1868
1868
**■*:*
1877 | 1,000
18
1870
1870
1377
100
100
1,000
1,000
100
100
1.000
1,000
1,000
1,000
100
1.000
1,000
1,000
o f the preferred remain* oat. See terms o f exefeumte in V, 84, p. 812,
A ll the converted share- are deposited to trust and told alive to pre
clude any advantage to *harre not converting.
Piuck o r Sto c k .—Common stock (since renrganixatkm in 1988)8 In
1889, ISHvSM ; in 1890, 14%*--7>«: in 18S1,14<*«28; in 1892. 2 1 * *
28: in 1893 to Mar. 17 inclusive. 2 2 i* » 5%.
Bonus .—T he eantatiduted mortgage, due in 1930. I» for 830,000,000
(trustee. Central 'Trust Co.), -and eaftMent bonds are reserved to
provide for prior lien.. Tbie mortgage is also scoured by deposit in
trust of th» $1 l.ouo.uoO.faond*and two third- of t i n « i » t o f the May*viUe A B ig Kandy RR,, Ashiaud to Covington, Ky., and the Bridge to
Ctovlmiati. nil owned fay the Che*. A O . B A (See. abstract. V. 40, p, 147.)
O f the f l r t i e o n e o U d a i e d mortgage o i l tile R i c h m o n d A ) A l l e g h e n y divi■teb, #5.O0O.<*W carry 2 per cent interest till January, i s i)C and
thereafter 4 per cent, (toe abstracts o f mortgages. V, 61. p. 144.)
The general mortgage or 1892 <
central Trust Co. and !L T, Wickham
trust,-os) i* for 87O.OOO.0O0. but adiUUouni aim,utils at 823,000 per mile
may to tatted fur double-tracking. O f Die JJ7O.0OO.OOO a* above,
p»2,®»l.O0O beads were reserved to provide fur the $3o,9Otl.0Ot) con
sent of 1889, tailed or So t o issued, ere, t h e balance unissued may be
toW tor new aeoufadthru*. railing stock, etc., but not more than
$2,000,000 thereof, in any one year. Tin- mortgage covers the 983
tnilus o f toed » n a l by toe company as indicated s uite, the aecnritics
of the Big Sandy roads which it Iretde. and nil additional tailftage
acquired with the proceeds o f its twiMs,. Wbun the preferred stuck*
slim! have ft, e » entirely retired there will hefi«,!isS.OOO genera!- 4%«
ouictoisiiug. out o f which 8 1,600,000 are is-lng u » « l for Improvement* in
1892-93. S t* full abstract o f mortgage in. V. 64, p. 044; Abo V, 64. p,
842; V. A*,, p, 339.
Tim fUlmOethCn Lexington J Rig Sandy first mortgage bonds, interest
on which ha* been reduced to 6 per cent, have been endorsed with the
H t t O. guaranty o f principal aud tetore-t, atid general mortgage (muds
have toes set odd© to retire them a t nmtarity, There are also Mari
Chester City «* , #00,200, and 5s. #30.000.
OrutraTto.'*, R m s c e s , Ac.—8incc the rcorganitsMoo in 1888, when
the control o f the company w «» placed for rtve y,mm m the hands of
trustee*, the property ha* been greatly enlarged end Improved, i t i*
operated in haraumy with the Vanderbilt itn»w.
As In the earnings and expenses for the year 18924)3 the. managers
in their report tor the poet year (V. 95, !,. 33«i give in full their
reasons tor bettering that » substantial surplus w ill remain after par, » « » • o f all charges, in brief those tensea* are as fo llo w *: In the yc,tr
WiH-IKl neteomipps w***$2,275,O00; t»> this sum shouldboaddedover
R msi.is s i for extraordinary ex .cn*«». ttteind®,liB tlw year’s operating **ace*, o ve r and s to v e litoral allowance for tuaiutciiaucc. etc., and
M , W t o a minimum forth * n etearning* o f tin* BlgKaudyuiM; .romls.
Is would make a total o f over #3.f>0lM*»o net earnings for tlio yearjoxt
clu-H-d, against wu Interest and rents! charge for the CDS,ling year on
the entire systo n o f $2.Ss4,0tid The?,' is now isdMg expended for
dmilite tniek, hrencbe*. equipment, etc,, about #4.ou0,<>00. and all the
Inter,-st njsjii the lend s sold thereto? fatou; $li>o,yiii'i per nunmit) has
faccii included in the ii i,si chsrge.* tor the ensuing vear, while no allow*Bto ins* been made m the s to v e statciuent tor the increase in net
ewrtangs which should result.
Ltm w r Kar six u s .—J uly 1.1992. to Jan. ,41,1893 (7 montha), gross
K ,lt t 7 M U , against 8d.073.VdO in 1891-2; net, #2,036,001. against
8t.3e7.-B3.
A lfX fU t R ki *o rt ,—Fiscal rear cad* June 30. Annual meeting Is
belli St Richmond on the Tuesday pnwediag the last Tuesday In
October,
Report for 1H91-9-2 * « in V. 55, ». ; i i 8. ; « i , 3 34,
and Biwiwwl the following, there twin* intruded in opem Vag ex
pense* of each; year large ammiuts p d d fo r n w csuiimjcot aud otlu-r
additions, over #300,000 iielog
Instiude,! in 1801-92.
1889-90.
189001.
1891-92,
Miles operated.............
923
1,0-27
1,079
Passenger earn in gs.......
$1,471,436
$1,703,299
$1,913,197
In te W L ............. ...........
5,384,295
5,903,510
0,094,953
Express, mu Ii and lalscoi.
3<)<;,258
308,290
390,400
f
Tots! csm 'n g*..........
Oper. expenses and taxes.
#7.101.919
5,011.MW
$4,127,111
«,«83*513
$9,001,000
6,731.732
Other income. . . . . . . . . .
$1.519.941
19.900
$2,043,593
18,520
$2,272,868
$1 M A IM M
$1,603.(MI
41.101
#2.062,113
#1,715.129
11,600
10.419
69,115
#2.272.868
$1,;9«U)()5
10,910
8.165
64,372
Total net income.,.
Rental* « f tracks............
ls>«* i>u grain i-ievsSor . .
Discount and exch’ge, Ac.
1.628
Def.$13»,720 8nr.$210,$10 Snr.$30I.32O
—i f . 54, p. t )0 , 159. 242. Diu;. 4 4 1, 32, 5 97, 042. 043. A lt . 901, 1009;
3.
, 63, p. i.8 ,3 1 » . 3 3 1 , 4 3-1, 722. 937, 1078; V. 50, p. 403.
rTie.itp e a k * Ohio ,4 botMliwestern__Loulsvlile, Kv„ to Mem
phis, I. im.. 45,2 miles, and tiram-h Kliiaiudlitown to I.Vcitlun .Timet),,u
b allies, <t## miles ; of which !* leased fruio tou isrille A NasUviile their
$251,000
231,000
678,940
820.OO0
315,000
170.000
100,000
500,000
6,170.000
3,805.000
685,000
265.528
16,209.300
3.479.500
4,379.850
1,932.000
1,750,000
1,500,000
2,365,000
564,000
188,000
42.000
329.000
430,000
1,287.000
3«K».0<K)
3oo.O( s )
593,000
6
5
6
^
4
6
5
Various N.Y.,Drexel,Morg.ACo.
Various.
V arums
do
do
Various
do
do
Various.
k
do
do
Oct. 1, 1938
g- A. < O,
Oet. I.
Oct. 1, 19*8
ft. M. A N. N .Y ,, Drexel.Morg, A Co. May 1, 1898
Richmond.
g. M. A 8.
Sept. 1, 19-12
g.
F. A A.
N. Y „ 23 Broad St.
6 *8
do
do
« g. F, A A.
6
F. A A.
do
do
Scini-an
6
do
do
. .. .. .
.....
8 per an. Q .-M . ( N.Y., Onyler.Morg’ n )
8 per au.
} A On AChii-.Tr.Omee f
6 g. .1. A J. i ctmtl*11.J,S«M 0rira !uVCo.
6 g. M. A X. X. Y., Cuyler.Murg.ACo.
6 jw?r hh. q . - F .
do
do
7 per an.
N. Y „ U. S. Trust CM
.
A. A 0. N. Y.,Ouyler,Morg.ACo.
7
do
do
7
A, A O.
7
J. A J.
do
do
7
J. A J.
do
do
7 per an. F. A A.
do
do
7
do
do
F. A A.
7
K A A.
do
do
do
do
M. A N.
7
7 per an. I. A J, Chic.. Treasurer’ s Office
A. A O. X. Y.,Cuyler,Murg.A Co.
Pefa. 1, 1897
Aug. 1, 1911
AUK. 1, 1911
June, 1901
Mar. 1, 1898
Mar. 1, 1893
July 1, 1903
May l , 1903
Foil. 1, 1893
A pril, 1893
Apr. 1, 1894
Apr. 1, 1894
July 1, 1898
July 1, 1898
Fell. 1, 1893
Aug. 1, 1900
Aug. 1, 1900
Nov, 1, 1900
Jan.. 1893
Out. 1, 1918
1
Vcilian iirnneli, 4ii luUi-s. Alsu o}wratcx separately the Ohio Valley
Ry.. HupUiu.villo vU PrtiuM".ia to Kvnusvllle. K y„ tmuiches. eto., U10
m ile-.; m i tres the R>idgvii*vttle A E llialxiliitow ii and til* T ro y Tiptonv ill- r iii.-o .d-. IB 'nit.--, ia .11!. most or wliu.„ ........ ..— are owned.
Si;, ■ i ~Mn;‘to the Memphis Piulucah A Northern, which was sold in
tore,•
-Im-ure-tn 1881. ami nergeil witn the Paducah A Klixahcthtuwn.
L cvsku In Felimarv. !8 SO. to the Newport News A Mississippi Valley
( ’,1. for fitly year,, rental to to inter,-M O'! Im iu I* if eartiml, and not i *
cxt-,-«d 0 per ecu!, on stock, in 1891 $1,297,300 (80 per cent) at
the stock of tile Ohio Valley Rjillway wire pur-cUBxid, the Che*. Ohio
A faodthw. gimriintcidag its $1.1H2.0i « ) iniuds. See V. 52. p. 321, 718.
In August. 1802. a re»in*(iitlng Interest In the stock o f tile Owen sto re
Fail* o f Rii ich A ■reen R iver Hit. (which sec) was jiurchascd fay
p arp r- i-onucetod with tl«i Ches. O. A 8. A’ , it* 42 tulle* o f road w ill
be operated separately.
STOCK, 1; rc.—Com m on.$H,<lS0,OO0.itnrt prof. #3,8(10.000 (#101.000ad
ditional uutssiiaa), of which the S*W |«id News A Mississippi Valley l ‘o.
July 1,1902. owned #5,(108,700 common and #3,51 l.OOO pref. Unpaid
coupons were #591.910 July 1, 1802; dot- Newp’ t News Co.,#1,399.701.
JSABMNOA.—From July I to Dec. 3 1 .1902 W mmithsi, gros*. #1,248,ihXi. against #1,258,fl3«; net, $142,071. against $493,703.
AssOkt. R cism iT.—Vtaoal year changed to en,l June 30. Report for
year 1891-92 In V. 35, p. 83;,.
(Iro n
X tt
Other
I n ’rrent,
Tea,—
raroioff*. earning*, income, tn tee*te.
fiitlanee.
1891.02 .. ..#2.297.-825 #823.l.di #45.328 #8*9.303 def. #10.UI0
1890 01 ... 2.311.280
739,428 .............................
........
—(V. 60, p. 518 ; V. 52. p. 509, 718) V .5 3 , p. 150 j V. 55, p. 855.)
t lili-a g o A A lt o n . —L o t . o p R o t o —Joliet to East 8t.. Lnni*
(main), 2 i4 m ile-; Bruuchc,—Biooioiturt,,,)
Godfrey, 151 miles; to
Coal City, 21 tulles; D wigllt to Washington atnl ta w n , 80 miimi Hoodhoiise to Louisiana, 38 m il.-; Upp-i Alton linn, 7 miles. Total ow um L
544 rallcs. !s:u>e.t—
Chicago to Joliet, 37 mile*; Louisiana to C ctar
City, 101 m!l>™; Kansas City to Mexico. 10*2 miles. Total leased, £00
tnlii-s. Total operotM , January 1. 1893, 843 mile*.
H WTORV.—
Chart,-roil as the Chicago A Mississippi February 27,
1847; reorcaiiUed In 1857 as Chicago Alton A 8t. Louis, and again
■nder present title lu October, 1803; after foreclosure, in 1884 oonaolklated with the 8t. Louis Jacksonville A Chicago Rtt.
STOCK.—stock for 82.200.000 was sold to stockholder* at l i t, to
re tire #2,383.000 of 7 jw-r cent bonds due Jaimury 1 ,1893,
Tin* Chicago A Alton preferred stock has prior right to a non-c!mio!a.
tivc dividend not exceeding 7 per cent from net earning* and (after
payment o f 7 on com mom also shares with eummoti lu any aurplu*.
I>iviokvjjs since !*7 9 -In 1880, proferre*! 7, common 6% t I n 1881.
both 8 ; In 1MH2, isith « ; In 1883. both 8 : in 1881. both 10; from 1885
to March, 1893, both faicMwlve, both 8 (2 i » r cent quarterly,!
i’ KiCU o r iJ iv iio v stock .—In 1885, 128*140: in 1880, 1 38*140: In
1837. 130» 133; in 1H83, I 3 2 « l l » l « t In 1389, 126*140; In 1890, 123
*185: In 1391, !23»140>«; in 1892, 130*154; in 1893 to March 17,
Inclusive. 140*145*3.
L k asko LtNRA—T h « Kanina Cttg si. L a u ii * Chicago Is leawd in per
petuity from Nov. 1, i s , #, Ut rental o f 35 )s.:r cent o f gross ra n ;!i!gs.
If* iumd* am held fay the IT. 8. Trust On. as security for the Chics go
A Alton bond* o f 1378. which have a sinkingfnml o f #00.000 peTauuiuo.
Comim.n stock.$271.700. o f which $157,000 is owned fay the C A A.
l.
The Joliet J ch i.a g o t* leased from Jaunnry 1 , 1*04, (or tin* term o f
its Charter, and forms port o f the funbi Hue. Rental, 7 per cent on
stock. TJie iMuieuina <t IftHCoxiri /(.err R R . is ica-cd f „ r 1,000 years.
Rental, 35 per cent o f gross cnrulligs. after tuxe*. Ac., have hern
deducted from them, hut Interest guaranteed on fa,• !< ► and $320,000
><
preferred stock; Oilier tneierrnd stock is $1,010,000 and cm, (non
32.272,700, ncilhcr o f which have r i w paid dividends; rental to 1892,
#101,40$. again*! #167,13,8 in 1891
Tiie Jfouu-si/j/rf n,ere llridge is tensed In pcrpctnlty fremi Dec. 3, JS77,
at 7 p. 0, mi $300,000 stock (all owned iiy C. A A.) and 0 p. o. on Imnds.
CIBKKBxt. F ix ax tb s .—T lio CilicAgo A Alton Ruud has been particularly strong iu liavhig a jargt; local business iu-twecii Chi,-ago nnd
8f, 1,'Mii*. its Icase-I lines are as coiupictely contrOliiHl as if owned
and the system is compiict and very conservatively iminnged, m e x
>
tend,, os having liven built or new litres acquired o f recent years, Hince
1883 tie-re has been piMCilesliiy no im-re.!-,; in t re capital stock, except
that made tu January, 1893, to tel Ire. maturing hon l*. as above stated.
In tins period #2,17,3,870 Income has been expended ill flic purchase o f
addiihuiiii real est ate, rolling stock, etc,, and tin- bonded defat lms been
reduced fay tire purchase aud oaueeilatiuu o f #735,000 o f Imnds,
A s m : u . R k is ir t .— Fiscal year ends Oecoiiihcr 31. Tire min-nil meet
ing is held ill Chicago the ilret Monday in April. Aiiuuul report lo r
1892 Wire lu V. ,-t;. p. 329, 350,
Di$9,
1S90.
1S91.
1392.
Total gross earotoga$7^lii.til7 $7,065,754 $7,590,881 $7,730,(110
Net earnings,.........#2,914,881 # 2,683,754 $3,132,131 $2,922,811
Other receipts......... 273,875
373,497
272.567
272.800
Pretu’sou new stock.................
...... .
305.017
Total receipts...... $3,218,756
$2,057,231
$3,104.098
$3,301,594
c
INVESTORS’ SUPPLEMENT.
[V ol.
lvi,
M a r c h , 1893.]
KAILROAD STOCKS AND
BONDS.
•9
2
8al> »erlbers w ill c o n fe r a great ta v o r by g iv in g Im m e d ia te n o tic e o f a n y e r r o r d isco v e re d I n th e s e T a b le s .
Bonds— Frin e
IN TE RE ST OR DIVIDENDS.
R AILRO AD S.
Miles Date Size, or
pal, When Du©
Amount
of
Par
Bate per When Where Payable, and by Stock#—Lost
For explanation o f column headings, &*., see notes of
Outstanding
Whom.
Cent
Payable
Road. Bonds Value.
Dividend,
on flrst page o f tables.
363 1886 $500Ae,
Chicago Burl, < Northern..1st M .,s.f..Hd.at 103.t r
£
1,000
2d 31. ($10,000 p. in.) red. after May 31,1898..0* 363 1888
1,000
1886
Ten-year debentures.........................................c*
1888
1,000
Equipment mortgage—see te x t-----, .............
100
Chicago Burlington <f Quincy—Stockjsee text.
1,000
Con. M. eov’ agCh.Term .(now 1st Hen) seetext.o' 750 1873
1,000
1871
Plain bonds...................................................e"
1,000
Stating fund bonds, (1st M. as coll.) not dr’ll, o '
33 1875
1,000
Bint, fund bonds (1st 5f. as coll.) not dr’ n .e 't r 280 1876
B u rl & Mo. Riv. {InIow a) lstM .lgr.3-t,not d i'n .e ' 278 1863 50 Ac.
40 '69-*70 500 Ac.
1st mortgage convertible bonds-...................e*
Ch- Burl. i : Q. low a D iv., s.f. 5s. drawn at 103.. )
) 1879 1,000
Iowa Div., s. f. mortgage 4s, drawn at HXL&tr > 787 1 1879 1,000
1.000
Sink. fund -Is (for B. A ft. W.) drawn at 100.cA r'
1881
Denver extern (coflat. tr.i b’d9,s.f. dr1 at lOO.e' 415 1861
a
1,000
Ch. Bnrl. < Q. Debenture* for Han. A 8t. Jo stk.ek
1883
1,000
Nebraska ext.,$20,000 p.ni. (s.f., not dr'ui.e'Jtr 1,432 1687 l.OOOAC
Convertible debentures (See remark*).............
1890-2 100 Ac,
>1878 600 AC.
B’ rl.AMo.RB.lnb'«!b.con.M.l.gr.,3.tdr,n at 100.. )
Do
do
do
exempt (See remarks) — £ 561 I 1878 600 Ac,
1,000
B u rl A Mo. RR. in Xeb,, s. f . for At. AXeb.RR.afk..
46 HIS
1,000
Quincy Alton A St. L. (leased) 1st mortgage___c*
90 1879 600 Ac.
Repub.VaL R .,lst lL g.dd r.at 100 At.fUTOOO. <
:
1.000
70 1870
Ottawa Oswego A F o x River, 1st m ortgage----c*
Omaha A 8. V , 1st mortgage, guaranteed....... 0*
49 1871
1,000
1,000
Nebraska Railway consolidated w ort, guar........c 132 1877
Atch. A Neb., 1st M „ At. to Lin., Neb., oto., gunr.c
148 1678 100 Ac.
2d tnort. on Atch. A Xeb. RR- lis t M. on bridge)
148 1887
Llnc*n A jf .V . E R .lstM . guar., s.f. 1 p.e.,not d r'll..
73 1880
100
O hic.d Mmi. JUmois—iM m . stock ($15,000 p, mile)
Preferred stuck, 0 per cent ($10,000 per m ile)___
....
100
107 1877 100 Ac.
ls tm o r t <». t $20,000, no drawings)......... . ..o ’
1.000
Danville AOrupe Creek RR.—1st M-, assumed .c'
7 1880
1880.
Rentals paid............ *609,478
Coastroe.,equip.,Ac. 139,810
Interest on debt.......
823.495
Dividends................ 1,407,712
Miscellaneous.... .....
38.059
1890.
$652,411
184,271
810,161
1,407,000
189,227
1891.
$674,722
200.220
810,387
1,407,560
88,742
1892.
$674,053
238,841
804.108
1,407.500
169,986
Total disbar*em'ts$3.0»9,554 $3,249,030 $3,181,031 $3,294,548
Balance................sur.$ 120.202 def.$292.:i79 sr.$2J3,U«7 »ur.$2O7,dl0
(V, 54, Ji. 3 4 8 , 3 6 3 , 72 0; V 55, p. 1036 ; V
50, p. 3 2 9 , 3 5 0 .)
5
A. A O.
$5,522,500
2,213,000
6
J. A D.
935,000
6
J. A D.
940,000
5
F. < A.
fc
76,394,903 See text. Q .-M .
13,300,000
7
J. A J.
7
547,500
J. A J.
330,000
5
J. A D.
2,316.000
5
A . A O.
3,542,550
A. & O.
7
66,000
8
J. A J.
2,892,000
5
A. A 0.
4
8,152,000
A. A O.
4,300,000
4
M. * S.
7,968.000
4
F. A A.
9.000,000
5
M. A N.
27,246,000
M. A N.
4
15,278,700
M. A S.
5
7,894.200
6
J. A J.
6
5,000,000
J. A J.
J. A J.
3,347,000
4
5
840,000
F. A A.
1.078,000
0
J. A J.
1,070.000
8
J. A J.
069,000
8
J. A D.
7
349,000
A. A 0.
1,125,000
M. A 8.
7
901,280
6
J. A D.
600*000
J. & J.
7
7.746,000
4,830,700 0 per an. Q-—JJ. A I).
2,989,000
6
119,000
M. A N.
6
N.Y., F.L. AT.Co. & Bosh Apr. 1,
do
do
June 1,
do
do
Dee. 1,
do
do
Feb. 1,
N. Y.. Boston and Chic. Mar, 15,
S .Y ., Bk.of Com.ABost. July 1,
do
do
Jan. 1.
Boston, Co.’s Office.
June 1,
N.Y., Bk.of Com.ABost. Oct. 1,
N. Y ., F. I*. <fcT.Co. & Bost. Oct, 1,
Boston, Co.'s Office.
July 1,
N.Y., Bk.of Com.ABost. Oct. 1.
do
do
Oet. 1,
do
do
Sept. I ,
do
do
Feb. 1,
do
do
May 1,
do
do
May 1.
do
do
Sept. 1,
Boston, Bk. o f Com'ree. July 1,
do
do
July 1,
ao
do
Jan. 1,
X. Y „ F. L. AT. Co. A Bost. Feb. 1,
Boston, Bk. of Coin'ree. July 1,
N. Y., F.L.AT.Co.A Bost. July 1,
Boston, C'o.'s Office.
June 1,
do
do
Oct. 1,
Boston, Bk, of Com'rce, Meh, 1,
Boston.
Dec. 1,
Boston, Co.’s Office.
Jan. 1.
1926
1918
1898
1903
1893
1903
1896
1895
1901
1S93
1894
1919
1919
1021
1922
1913
1927
1903
1918
1918
1910
1896
1919
1900
1898
1896
1908
1927
1910
N.Y., Hanover Nat. B'k Apr. 1, 1893
N. Y.,4th Nut,Bit. A Bost. Deo. 1, 1907
Boston. Globe Nat, Bk. M ay 1, 1921
Burlington < Missouri In Nebraska 6s, duo In 1918, are redeemable u
1
l(W, but this for the "e x e m p t" bonds applies only after 1908.
O exbiisL F in a n c i .*.—T he Chicago Burlington A Quincy Railroad
ua.* been one of the most profitable in the country, as Its numerous
branches tributary to the main line were built Into choice agricultural
territory. Corn, however, being one of the principal articles carried
by it. Its earning* vary greatly according to the s ite o f the crop.
Debenture* for $7,639,400 were issued in 1892 for construction, etc.
In January, 1893, tin- company oil) red at par to stock holders o f Feb.
18 new capit*] *t«ck for $.'<,876,500, and the same amount of consol.
7 h due in 1903. the new securities to be issued on July 1,1893.
,
The proceeds will be used for new equipment. Improvements, constrttetlon, ftt. Loul* terminals, bridge aim s* the Missouri, aud for the
payment o f $3,542,000 Burlington A Missouri 7s due Oct. 1,1893. Tbo
jiayiiient o f the Ji. A M. 7s will free about 87.000,(6)0 o f bonds drawing
Interest In the sinking fund. »o that the net increase In charges ana
dividends will be only ubout $50,000. See V, 56, p. 104.
I,*Tl.sr E * k m vn* —From Jan. 1 to Jan, 31,1893 (1 month), eroga.
Including lo ir* controlled, were *3,052,293, against $<,008,799 In
1802; lu-t, $610,934. »e »t. $1139.589; .barge*. $830,000, agst. $8.15,075;
balance, *urplu*, $16,954, against $124,514 in 1892.
A s m vi. REPOST.—
-Fiscal year ends Dec, 31. Animal meeting is held
the third Wednesday lu May. R eport for 1891 was published at niueh
length in the OlROsncLK, V. 54, i>, 558,561, For the entire system
earning* were as follow * in years 1892 and 1891;
1'a ir.
(from.
N et
Charge*.
Bed. Surplus.
1802 ,..#40,412,401
$14,253,405
$9,720,000
*4.333,405
1091..
35.352,375
13,100,995
9,542,234
3,867,700
C h ic a g o » * u r j l t « ; l « t i A V n r i l i m i . —Owns from Oregon, 1 1
1.
to ftt. Paul, Mien.. 318 mil*.
Fulton to Savanna, 111., 17 utile-: branchis*
6 miles; trackage? to HitiueapolD, etc.,30 miles; total. 371 miles. Com
pleted AUK., 1886- Stock authorized $12,000,000; par, $100. The (!,
B. A Q, own* nearly all the stuck outstanding. (See V. 50, p, 390.)
BOMu s.-TIic C. B. A Q, and Chicago A Iowa give a traffic guarantee
fo r twenty years o f our-balfof their net earning* derived from latrine**
to and from, the Northern (to be not less than $1(8X000 per year)
for the retirement o f CiUeagu Burlington A Northern draw at 105; and
after March 31.1896, the whole i.v*uo may tie retired at 105,
The equipment bead* were called fur payment at 105 mi Feb. 1. 1893,
and bolder# given the privilege o f retaining their Uriel- upon agreeing
to 5 per cent interest and the w aiving o f the sinking fund proviso!!.
E aoxinos .—From January 1 to January 31, 1893 U month), grow,
$146,744, ague $150,078 in 1892; net, $18,618, ag*t. $31,024.
In 1892 grow earning* were $2,208,972; net, $807,938. Is 1601
grore $2,224,203; net, 923,6.83; rentals, *114-067; Interest, $700,030;
taxes, $83,909; balance, surplus, $26,508, ( V. 52, p. 6-tl; V 55, p. 213.)
C h ic a g o B u r l i n g t o n A Q u in c y . —l.'icc B a p .) - l&Oxn.-Ttie ac
The operation- and fiscal result* fo r the system proper, not Including
companying mop show* elearly the lines o f this system, which include
the line* controlled, have been a* fo llo w s ;
the follow ing:
Hoad owned d lfa ta l
Miles.
1888.
1889.
1890.
1891.
Conlroll'd—op.tcparaUlu. t Miles,
4.917
5,140
5,210
5,325
Chicago, v ia Pacific Junction
St. land* Keokuk A X. W ....... 220 Mile- operated..
P »**e tiger earn*.$6.146,121
$6,223,510
$6,309,646
*6,729,809
to Denver, Col....................1,024 Chicago B a ri A Kansas City . 105
RraBohi*#, and tea**! lines,
18,190,818
16.843.104 18,309,821
Freight..............15,484,035
Hume.*ton A Shenandoah, half
practically owned.............. 4,143
2.303,985
2,513,217
2,816,497
interest with W abash____ , ,112 M all,oxprej»,Ae. 2,159,011
Used jointly with other Co.'s. 158 •Chicago Burl. A Northern.. ,.371
"Hannibal A at. Joseph.......... 295 To, gro*»earn*.#23.789,l 67 $26,778,313 $27,725,907 $27,916,127
Oper. exp. A tax, 18,082,460
Tot. system proper, Jan,, '92,5,3
17,090,547
18,749,099
18,549,257
* Three properties, having scour;tie* o f their ow n held by the publi*.
Net earning*.... $1,906,707
$9,087,760
are separately A w n M in this 8 p i t Usuis at.
$8,970,268
$0,300,870
79-37
00-(>6
I O fth t* mileage 59 mile* are already included in the system proper P. e. op. ex. to
07-62
i-45
and 106 imlc* are trackage outside o f system.
The company's Income account. Including tho receipts and disburse*
In 1S92 Burlington A M. River, owned by C. B. A Q., was extended mont* on account o f lines controlled, ha* been as follows:
through Wyoming, 145 miles to Sheridan.
„ 1890.
1089,
1890.
1891.
$0,067,700 $9,976,268
$9,360,870
O M U B s t m i , Ac.—This was a consolidation to July, 1875, o f the hid earning*— $1,900.70?
169,001
«72,Hii3
800,035
1,371,627
Chicago Burlington A Quincy to Illinois and the Burlington A Missouri lilt. A excU'ge
408,555
291,443
178,455
156,848
R iver in Io w a la i860 the Burlington A Missouri In Nebraska was N. l l i. A M . l. gr.
absorbed. The leased line* are practically owned and there 1* no charge
$10,032,072 $3,900,758 5*10,895345
for rental* in the income account, except » » interest 00 bond*. Tlc- Total Income..„J$5,484,803
$192,119
$200,078
$230,280
vwficrship In the other roads above-mentioned is In the stock* and Iteutal* paid. . $193,709
Interest on debt 5,111.527
5.425,(111
3,491,!)!12
5,817,266
bond* thereof, and their account* are kept separate.
Dividend*......(fry 3,819,578 {4} 3,055,704 (5) 3.*l!M'.30(4>.i)3,24(;,e86
L and *.—T he lands have mostly boon ao!4, but 93,400 acres remain
Car. tostok'g Til
091,474
741,472
745,492
764,839
ing-, land notes outstanding. Including interest payable, * 4 «3 ,781.
Capjt * t. $ti.icK.—The stock ha* been Increased for the acquisition Balance, »drjlf..$4J)31.425
*ur.$034,160d e f $302,434 sur $830,274
o f w .v Use*, and in i860 a distribution o f 20 per cent was Made. Spick
j 0 F; 53, p. 325 ^ V ^
‘
54, p. 242, 5 5 8, 5 0 1,5 8 1,643, 1047; V. 55, p. 551,
for #5^76,500 was offered at pur to stockholders In February, 1803.
DrviDiarD#.—From 1661 to 1 * * 7 inelurivc. 6 ; In IS hm, 5; in
•
C h ic a g o A e a s t e r n I l l l i i o l . , —i,\'e Map.t—Own* from Dolton.
1689, 4; in 1890. 5; in ISOl, 4Q: In 1892, March, I Q ; June, 1 Q; Hept.,
Hi., to Danville, 111., 107 m ile*; Danville toSbolbyvtibi, 9 2 inlloa; SIo1%; Dec. IQ ; tn 1893, March, IQ p. c, (quarterly).
FKXCBOFSTCK-K.-Iu 1*84,107SH274H In 1885.115 V z 138% in 1*86, menoc to Indiana State Une (junetlon with tho Chicago A Indiana Coal),
T 2 « A - iz l «*;. iGTkFt O .tea*. * k: •* * . . •««&**-* « 16«.. . »* * < ». i.*130% ; In 1*89, *0** j I I I mile*; Clwua Junction, 111., to Cbema Park, l l miles. Leases—
a 1887,
in f * 08, 103V
O
*
**.#*.*
.
Chicago A Indiana Coal Railway, Brasil to La Crosse, Ind., 145
s l l l % to $
1890. 8 0 4 m t , ; in 1.891. T s V 'illO ; in . i$ 9 2 ,'9 S » U 01 ;
V
wiles, and branches. 29 miles; Evansville Terre Haute A Chicago Rafl.
1893,to Mar. 17 inclusive. 0 1 % » 103T
*.
road, Danville, 111.,to Otter Creek JuucUon. Iml., 49 miles; Indiana
DuiRtso Fn*ti*,—included lu the bonds outstanding in the table Block Coal Railroad, O iler Creek Jumdimi to Brazil, Did., 13 miles.
almye are sundry bonds o f tho company which, wtthotfier bomto. (tile, Traokagi.*—Otter Creek Junction to Terre Haute, Ind., (Kv. A T. H.) 0
whole representing a coat of $14,577,407) Wore On January 1.1892, miles; Dolton to Chicago (C. A W. L ), 17 miles. Total operated. 481 miles.
aliTe am! draiwing t& tem i rn tm i-m m i o f the varioua ninkmg fmuU.
Tlisroitr, I.BASKS, Ac.—Reorganized under existing title September
Bomm.~~T\w Sme.a
bond* cover the*main line hi Iow a from 1,1877. In February, 1889. abnorbcd the Chicago A Indiana Coal Rail
B o riin ^ m to J3a«t Plattemoutii on tlie Mo. Kiver, 279 mi lex, ami 16 wav, placing it* stock Is trust, for benefit o f Chic. A East, Illinois stookbraueliea, &I1 mllm . These Iowa honda have a «inkim< fund i holders, and In May. 1892, leased the road for 999 years, guaran
o f 1% per cent #203,800) yearly, for
which the U
are teeing it* bond*. Also own* control o f Evaiisv, Terre Hatito A Chicago
subject to caii at- i«xi, the r>« at 105, The D m *er Kxlem ion \mmU are RR. and$1,000,000 stock o f the Chicago A Western Indiana—w-hich eoe.
seeurea by deposit with the trustee o f ftrat mortgage 5 per cent bonds
In January, 1890, a ten-year traffic contract was made with the
Oimiteci to f20,000 |>er mile o f main track and
per mile of «e.> Evansville A Terre litnuto for tho operation of a through Une between
ond traek) apoo about 400 roiies of road, repr»>entiUK live different Chicago and Evansville, and in December, 1892, a still closer eon tract
lines, of which the most important is that from Colorado State Line was made for operating the road* as one line. V. 55, p. 995.
westerly to I»eover, 175 miles. They have a aieking fund o f 1 percent,
C apital Sto c k .—The common stock is entitled to all surplus after 6
for which they are subject to call at 100,
The collateral m m Nebraska extension
of 1887CNow Ensrland per cent on the preferred stock.
In VI UKMl* since 1881—On common, in 1882, 3 per cent; In 1886, 5 ;
Trust Co., of Miissachusetts, trustee) are Issued at $20,000 per mile for
In 1887, 0; none since. On new preferred in 1888, 7 hi; In 1889, 6; la
f° r f‘eC'" ml ,R“ 'k- 800 1890, December. 0 In preferred stock; lu 1891, 4** cash; In 1892. 6; la
Tlwi 5 J» r a n t debenture* of 1890 and 1892 arc conctHiMc into stock 1893, January, 1L; April, 1 % (quar./
at any time prior to DtceUibcr 1, 1902. except when book* nro closed.
Bonds . G o a r a n t ik s , A c .-T h e Chicago A Eastern Illinois guaran
Mirny o ftlie bonds are redeemable (may be drawit! before maturity at tees the intera*! on Evansville Terre Haitte A Chicago issues (see thK
varioa* price*, plus acerusd Interest, as stated In the table above. Tho company) and Interest on $150,000 Indiana Block Coal 1st 7s.
510
INVESTORS’
SUPPLEMENT.
[You LVI.
M a r c h 1818
_ _ i —— ,
RAILROAD STOCKS AND
RONDS.
S I
.Subscriber.-, w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In tlie s e T a b le s .
Bonds—Princi
IN TE RE ST OF DIVIDENDS.
RAILRO AD S,
Miles Bate Size, or
Amount Rate per When Where Payable, and by pal, When Due.
of
Par
Stocks—Last
For explanation of eoliunn headhivtuAc., see notes o f
Dividend.
Road* Ronds Value. Outstanding Cent. Payable
Whom.
on tlrst page of tables,
-r
Chicago & Eastern Illin o is—(Continued)—
Extension, 1st mortgage - ...... ...................... c*
Consol. mortgage (for $6.000,OOQ), gold a. f ..... c*
Collateral trust bonds, siukiug Bind................ e*
15
0*21
221
Ciuc.Ji la d Coal— 1st M. $25,Ooqjp.m. .jpuir.p * l.c
174
Chicago Kleoaled Kfy—Stock. $2X000.000 au tb ...
Chicago <2 Kne—Stock (all held 1 ’ E rie)...... .........
0
249
1st M., gold, interest guar, till principal t» paid, e
Income imud, for $ 10,O0O,ooaiuin*umuk,tlve .
249
Terminal 1st mortgage, iut. 4 p. e. till July, 1893.
Chicago f o r i Madison a Des Moines—Bonds..
Chicago If ra n d f r o n d —Slock............... ......
00
Northwtwil Grand Trunk.. 1*t mortgage.—
327
1st mortgage for #6,000,000, go ld .. . . . . . ---327
2d mortgage, # and A .................................
Chicago Ureal Western—8M lT*XT.
Chicago (treat West. System—Ch ic. St.
(
j
Clue. .It. P. & Kan, City—Stuck...................
315
Priority loan, sterling, redeemable at 105
Minn, a: Northwest. 1*t M.. g „ $20,000 p. m..e" 515
Cb.at- P. dt K .C .lst M..g.. (red-jam, 13»ti).c*.tr 815
General niort. gold (1st coup, due Jan. I, *93): 815
Income b*d* (eonv. into 5 p. «. prof, stock)..
.
Equipment lease warrants.........................
Chicago trnca < Dakota—stuck 1307,300 p ref.)___
2
26
1st mortgage, gold................ ..........................e
Chir. June, Mils. •( (fit. litk, yard—m o Mi'iULL-vy m m
Okie. Kata . n e e it Saginaw —
Stock (#2,000,000 an.) \ 45
Okie. Kan. city d Texas—that K ansan Crrr lumen. A Tn
1881 $1,000
1884
1.000
l,O0i>
1887
1887 l.oooA-e
1,000
1886
$103,000
2,788,000
42.000
6 ,447,000
4 ,537,000
100.000
1,000 12,0*K>,000
1890
1890 i.ooo&e 10,000.000
300.000
1888
169*2
(1
>
iiio
6.600,000
$558,000
1980 SOOJce.
1880 2 UK) Ac $5,442,900
1862 t,000<fee $6,000,900
100
1899
1,000
1834
1,000
1386
1889 loooAc.
1888 100 Ac.
. ...
1882
CoMi-A
1,000
14,802.000
2,823.1'Mi
9,6283)00
9.326,000
4,886.000
4.981.700
1.723,-12!
245,200
307,000
N'ifeA.
JUU*.A 1.
too
6
J. A- D. N'. Y ., Fourth Nat. Bank.
*.
6 g. A. & O. N Y\, Central Trust Ou.
do
do
0 g. F. A A.
5
M. A N
*.
do
do
J. A J. N. Y., -Met. Trust Co.
5
5 g. M. A
5
Get.
4 to 5 J. A
J. A
&
J. A
6
6 go J. A
5
J. &
Dec,
Oct.
Feb.
.Nov.
Jan.
1,
1,
1,
1,
1,
1931
193d
1912
1937
1936
N.
Mav 1, 1982
N . Y. to. K. A W.
T
Oct. 1, 1982
1.
N Y., when earned.
*.
J. N*.5*..Drexel.Mdrg,A Co. July, 1918
J. Boat., Ain. Loan A Tr. Co.
J. * N. Y. Agency, Bk. of Jan. 1, 1910
a
J. \ Mo at real & 1 »ndon. Jan. 1, 1900
Jan., 1922
do
do
J.
5 g. J. A J. N Y.Jmn. A Amstenlam
*.
5 g. J. 4: J.
See remarks.
do
5 g. .1. A J.
.1. A J. NolutorMt due till 1893.
4 g.
5
J. A J.
None paid.
___ .
7
Jan. 1, 1934
July 1, 1934
July 1, 1936
Jan. 1, 1939
July 1, 1936
1893-1901
0 6- J. A D.
Deo. 1, 1932
8C0 text.
!
T be general consolidated mortgage o f 1887 (trustee. Central Trust
Company? provides fo r the retirement o f 8d.ot2.ooi? prior bond* and
for Isaac of bonds ou now road at 8 is ,W o per mile for single track,
$7,000 per mile for equipment and #8:000 per mil,- r,.r double track.
i litoago at Indiana coat ttrst mortgage o f 1886 ttrtttlee*. M.dropolitao
Trust Company and 1 . 1 . K. 1'mruei Is for 8 1,‘ 100,000 on read (rein
4 1
Yeddo to em ail and #25,000 |e-r mile i87JHH>of t id* for eqiBpnieott
for extension*; second track, $3,000 per mile. The bonds are guaran
teed principal and interest under the lease. (V. ,11, p, Otli.)
OKMKKAi, F i .M.ncks.—T iii* rood tins a considerable coal traffic. In
December, 189*2. * « * » Issued $1,007,000 gem rai consols lor dr,tilde
Cruet, equipment, em.
toA tm t E aw»l-'0.«.—July l to Jan, 31,1893 (7 months), gross $2.080,•
W ll. wgatOM $2,211,8 11: net, »(>»«£ #09*vj27. against #922,024.
From July 1, 1892, to December J 1, 1893 (6 luouilis). result* were:
July l to flee. 31—
Cross.
Net,
Htedtcharges. Surplus.
$010,0*23
$629,15!
#2*«,*C 0
1 8 9 3 ...................$'2,3*2«,S14
1801 ............. ....... 1,001,0611
809,179
571,137
227.042
A s m u u K w i 'i s t ,—Fiscal year ends June .'10, Annual meeting Is held
In Chicago on tiio first Wedin” da.y in J u n e, Tim annual r e p o r t for
1891-9-2 *a s tu V. 50. p. 81, and stated t, at *• more) thno $100,000 were
expended ou mad and eq»lpm*HJt and charged t‘ . oper .Utlg expenses
during year over and a rave ordinary repair* " and Hurt lu 1*93 t»3 a
further $4.90,000fo r Bt® bxjpelbib* most « « charge ! to*Auie am-,mm.
1889-89.
1389-90
1800-01.
1*919*2.
OrMS fSSrtiniis.........$-2,710,932 $2.9 U ,, 23 $3,567,105 $1,775,546
tqwr. exp. A taxes.,, 1,721,517
1,731,369
1,016.490
2,503.523
Net earn in gs......... $993,3*5 $1,180,354 $ l,«2 o,«9 tf $1,272,023
Net (lucl.otli.lnootue).$l ,1X40,398 $1,212,346 $1,060,270 $1,340,987
internet p a id ............ $724,550
$771,514
$700,804
$937,340
HonUii*.....................
2-23,118
200,061
201.226
210.055
Div. ou prof, stock.. (U\l'2ts7,9l2 (3%) 133,056 (04,2733148 (6 1283,986
Total........................81,214,380 $1,103,531 $1,250,0® 1 $1,331,081
Balance................ dcf. $214,182 «r.$106,8l5 *r.$4lO,198 sur.$9,906
- ( V . 53, r- 407, 4 7 3: V. 54, p. 276, 964, 096, 1110, V, 86, p. 8 1.)
C h ic a g o Sc K r le .—Owns Dora Marion, Ohio, to Hainmoud, Ind.
2 ill miles, and (eases trackage over Chicago A Western Indiana to
Otitotgo, 20 mites. Connecting line for tin- New York Lake Erie A
Weston* and the N ew York Pennsylvania A Ohio to Ctiieago.
l i t t l W T an i, St u c k .—KeorgaitUatiori o f Chk. A Atlantic, sold In
foreclosure And, 12,1990. Tile N. Y. Cake Erie A West, owns tit®entire
Monk of $160,000 and gimrenUte* the Uitonsst o f the West mortgage
bonds. So® reorganisation plan tu V. 44, p, 369.
B onds .—Th etout mortgage (tram *** Central T ru stee, and Edward
Daniel*) bore 4 per cent interest till May 1, 1892. and thereafter
8 pec emit Tl:t» tntorest I* guaranteed by Erie, on said above, Both
t i e liras and the tttoonie mortgage* cover 249 in Has o f road, the
contract with the Chicago & Western Itidlaiia, #1,000,000 o f that com
pany's stock and $'216,006 stock o f lire Chicago Suit Hallway, Boo full
: t lM t a r t l of mortgage-, tu V. 51. p. 911 to 91.*. See also V. 5 1, p. 2iM,
A certain pereeutagn o f the gross vanilng* is each year to i»o npplied,
flrsC to payment o f Interest oti the first mortgage bonds, second to the
payment of Imerret on the im.-ome*. !f Hw rn w * ,-sniiinw In any year
amount to $2.'250,O0O or less, then this perveUtogo is to in* 22-4 per
sent; If to more tliuU $2,250,1X10 mid less than $2,750,000, then *2 jmr
.5
C«u:P, If to $2,750,000 or more, and less than #3*250,000, .then.*27% per
a®nu If to $3,250,000 or more, then 29 per emit, in ease the peroenlage
o f gnnse earning* is not eaiituienl to ueet interest on the ilrst mortgage
bond* ana the Erin hits to ituike up U:e ilodoienoy, then the amount o f
such dottcleiioy, with interest at 5 per rent,as payable to Erie in subse
quent year* prior to ton payment o f Interest ou the Income bends.
Interest on the incomes ha* neon paid as follow s: For year 1890-91,
souls for 1801*92, 3 per rent, pay aid® October 1,
I. atbst B ii: -.in
From July l to Nov, 80, 1892 (5 months), groas
Darnings were $1.i $0,569, against $1,'218.904 In 1801.
Orose earning* for tin- year ending Juu. 36, 189*2. (thn fiscal year of
ftmeompanyt, g t n $2.8$rt„i$3, 37% per cent o f wliloii was atipllcablo
for Interest on bond*, i-.nial to iuture-t on drat mortgage Imiids, ami 3
per cent Interest on tho no omit lomds, payabto Oct, t, 1893. see V .
35, p. D ll. For toll month* to Jntte 30, 1891, gross, $2,150,430, (V.
52, p. 428, 408; V, 53 y. 795: V. 54, p, 263; V. 9,5, p. 331,011.)
I h l r a j n F o r t H a .t l« o n A !>,-« n .
1
ft >ad o onpli'p-d
from Fort M.elnon to Ottumwa, [a . 72 tubes, lu December, 1892,
( ’t i l r n ; , , A 1 ra n d T r n n k . —Owns from Port Huron, Mich., to
1
Elso.o,, 227 miles, lenses (irund Trunk Juootiou Uniiiood. 4 miles,and
opefotos ., mites Chi. A West, IniL truckage; total. 333 ml)*;*. Stock,
$6,600,600 ,u #100 share*. Coutrollud by tin- (Hood rrunk of Canada,
. which iiy o s tram#gimrnntcc. o f Sit per ccnl-of Kloss eitrolovs,
Dorn January 1 to Nov, ;*o lu 1892 il 1 month*!, gross earning* were
#70*2,864, agnuist m W C M I 11 1891; net, *160,685. wralimt i l 6,610
1
to 1891, gross earnings, #3,726,106; net, 88 tU,67 J; surplus over elmrgoo,
$ tO,>240. vgbUUt $109,623-10 1800,
< lilr-a g o « ; r e « t \Vi * t c r o . —f$er M ap.l—O koasiz - vtiox —inoorpor
gted uuilt r laws o f Illinois In January, 1892, to taoilitatc reorgauuatiou or Win capital ucr .outs o f tin- hie i ; „ 8t. Paul A Kansas . tty Ky.
Co. It Is .aid i-irttoil to ls*u« ( l i #t5,t)JO,0 JOof 1 pur ueut debouturo
<toelt, (BW-re«t |i:«yabl® January and Inly in gu ll: ( i l $ t *,000,000 of 5
.
per rent preferred stock " A . " itlv U e n l eautlagcut upon earning*,
payable IiiiJf-yearlv in gold: <:(i $t i l l J >,k> > of t puroout preferred
stock •* B," iliv t .-u l oouUugBDC upon earntugs, » u i ( l i $Jij,Otio,i)0O
cumuiOQ stock.
r k iu w a n u a t iu n Pt,tx C m c to n sr. P itii. & K avsa * C trv.—In
August. I $93, tun follow ing plan for tin- neorganlx.itiouor the Ohio.
St. P, A K C. irithriHt forei'losuro was prt-seuto.l. The plan has lusira
as-i-otdi-d by » larre majority o f rac ; class o f securities, and w ill be
ymnpletss! as ««> n ns till- now soeittltlrrs ,-.m be prepared. Sue plan at
»<•
length in C u u n 'ictr. V. •’> p. s.",c. o f tin- neeutlth-* g vmti In
,
tn'ds aiiovo :i« out-ton ding the fo.towing hud been eXoltaumsu mulor
plan prtor to Foil. 2 !. 1893 : Stork. * t ( 971.3'(0; tlr»t m ortrogo tomdn,
$17,307,000; general tnnrigsgc, #»,83l.000s incomes, $ t.t)8 l , 5O0,
Tbe ' hluago (treat W e «u »h com pany n-suiuiM tae equipment lmue
warrants nmt Hut ortorlty loan, and oiler—
o. To iieldnrs o f Minne sota A V, W. itadCh. 81. i’ .A K.C. first mongag®—
$500 debenture 4 per rent stock bitterest from July t. 18.12), anu $600
o f 5 per rent preferred -tot-K • A " (lUvidond from July 1, 1*92.1
•
t> to Itohiers o f gruoroi mortgago bond» for each .$t ,(HI‘I bond having
,
January, i s33, coupon on. $ i .00 > o f 4 |wr rent preferred stork - U. ,
e. To hollers <>f m. .air- and stock, on payment o f a 10 ;o»r rent asadsament, a eoitalu amount o f preferred stock " a " and ouiumon atock.
T o those unt paying . , ...o.-ut a certain amount o f com.non stock
ouly will be given.
New Kk, t;gi 1 ik . .—T he securities to be a*.timed and issued are—
s
Equip, b ase Warranto #1,72,1.430 j r'rcforred stock ** A '*..$11,372,400
Priority lo in ......
2,823,150 Preferred stork *• i l "
',842.920
DebeuUit®stock......... 11,477,000 I Common stock............ 24,070,300
Prom n*M-44iucQb» anil Ml® of $2,000,000 debenture stock (bore In
cluded) ut 8.4 there Will bo available, for Unpru Vioueii t s, .00.. #3,078,480.
Huluem ef dobcuturu nod preferred A st-n-k Will appoint to® Ituaaoe
1 eoioiuttfee o f the r-oopooy,’* to oxorobst* gbueral stiporvlsiou o f
nnam es. B|wn default in payment o f interest on th « rteboutiire stock
o r o f dividends. If mimed, uu preferred A. holders of said swurltto* will
also have ton « d c right througM too Uuauo® commUte« and » rocnlvcr
to bo appoiuto 1 to direct the mauaginuont o f the property.
Additional sreurltio-s o f soi l Ponies can be put out, but only with
con-eut of ii iiudority o f both *:Hd elas-es of alack prnsout a t a
Hireling. Securities o f other iamte* to have * lien prior to preferred
A can be created only with consent of two-third* of b ito elmunM.
The sisvcrid e t a i n ease o f tiifii datiott w-ill have prinolpd paid lit
gold, according to tmdr priority right to dividends A uoed o f the
property to the Manhattan Trust D>. .secure* tin; right* of We deben
ture and preferre-t A st H kholder* in tbos® and other rospeot*. (V. 54,
p. 159. 307, 5*25, 720, 887, 923, licit; V. 55, p. 145, 0 JS, 705, 350).
C h ic a g o (t r e a t W e s t e r n S y s te m .—C h ic a g o St. P a u l A.
K u tiw a * C it y .—(S et M ap.)—EoAU—Owns main lines (alt steel)
Chicago to at. Paul and » t . Joseph, 096 mile*; HaytlolU to Manley
Junction, 47 mil®*; bn*ucUo»~-8ummer to Hampton, 64 mi lea; Co coal
mine*, Ac.. In Iowa, 10>® m ile*; other, 4 m iles; total owned, 815%
mile*; and ie.oo-a—at. Pam to Minneapolis, 10*1 mile*; Chicago tormiuals,
HI m ile*; Dubuque to Altken, id null's: De» Moiue* terminals, 2 70
mile*; 8 t Joseph to Kansu* City, 07-it mil®*; total leased, 10**
miles. Total operated, 022% mil®*.
lIt»T (is r, I,K *»i;t E tc,—Tlie Chicago St. Paul ik Kansas City was orf»n i*e d in May, 1#8», auo 111 Deoemlier, 1*87. wmnimtniatad with
Mmuesota A Northwestern, chartered in 1351. First niortgagooou|Mins
due from Jan. 1, 1890, t*> July 1, 1302, both Inclusive, wore funded into
priority loan for #2,823,150. On July 1, 1832, leased to Ctiieago Ureat
Western In furtherance o f a reorganisation plan. See Chicago Ureat
Weelorn above and V, 55 , p, 850. Three-year note*. # 120,000.
L vTU'T K 'U M M . s ,—F rom July 1 to Dec. 31, 189*2 <0 months), gross
earuhigs (osumated) were $2,323,314, against $2,782.810 lu 1891.
A n n u a l R kf hit .—F iscal year ends June 30. Report fo r 1891-92 was
In CmioNlci.K V. 55, p. 033.
1889-90.
1890-91,
1891-92.
A verago mileage owned and oper’d
84 5
887
922
Total gross eandugs .... .............. $1,‘2*25,663 $1,300,831 $5,021,740
Operating expenses, m-otr.. A c ___ 3.178,880
3,235.310
3,664.677
N et income,....................
Interest..................
Keu to is...... ...............................
T a x e s ....... ...................
$1,946,779 $1,075,511 $1,300,003
*54,590
$92,'278
$128,816
290,235
3.55.291
477,038
87,000
93,000
100,000
|Balance......................................... sr.$ti08,955 sr.#534,944 sr.#034,209
A. B. Stlekney Is Chairman o f the Board; J. M. Bran, President; W.
i to Boyle, Vluo-Preehleti!. New York ottlee, 47 Wall street,
f i h l e a g * K n lo m a z o f i A- s « - r l- la w —Under oon*trnction from
’ Kni lunzi-o, MUli., to Saginaw, Mleh., 125 mile*, o f w.iioh 43 miles,
. Kaltttoa/.oo to Wim lbUrK, in operation, Di February, 189J, no aeouriI tie* were outstanding.
39
INVESTOES’
SUPPLEMENT.
[VO LVI.
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34
INVESTORS’
SUPPLEMENT,
[Vol. LM
S u bacrtborN w i l l c o n f e r a s r e a t f a v o r b y t l v l i i i : I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
B d Prin cL
on s—
INTE RE ST OR DIVIDENDS.
RAILROADS.
pal,When Due
Miles Date Size, or
Amount
When
Far
to s
of
For explanation of column headings, <kc., see notes of
Outstanding Rate per Payable Where Payable, and by S ck —Last ’
Cent.
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
C iea o M a k < St. Paul—
h a ilw u ee £
Ontnmon stock.....
230
195
105
120
130
85
Iowa A Minn. 1st M. convert, into pf. stock..o*
Prairie du Chieu 1st M. (Mil. to i’r. ilu Cliien).0*
2d mortgage, convertible into pref. stock . ,c*
Inavi. A Dakota 1st M.,eonv. Into pref. stock, ,‘ c
River Div. (St.P.AC.) 1st M. eon. iutopf.stk.g.o'
Chic. A Mil. 1st mort. (com*, into pref. stock). .0*
Cldc. Mil. A M. P. con. mort.. corn*, into pf. stk..
Cii. Mil. & St. P. consol. M., corn*, intopf. stock.0* 1,435
1.AD.Ext. lstM.($l 5.000p.m.)cou. into pf.st’k.o* 234
8. W. Div. 1st mortgage western Union RR ..c‘ 212
80. Minnesota Div. 1st mortgage..................0* 419
Mineral Point Division 1st mortgage........... 0* 142
IluHt. A Dak.l)lv.,extens. lstM. ($15,000p.m.)c* 395
185
Lacrosse A Dav. biv. 1st mortgage..............c*
*
Wisconsin Valley RR. Co. 1st mortgage........c* 107
Win. Vai. Div.lst M. of 1880, b. f., not dr’n.o* 101
Dob. biv.iCU. Cl.D.AM.) lstM., s. f.,not dr’u.o' 372
Ohio. A Pac. Div. 1st M. (CUie. to Miss. Riv)..e* 120
Western Div. 1st M., $20,000 per m., gold, .c* 1,207
08
Cliic. A i.iikc Superior Div. 1st mort., gold...o'
Wis. A Minn. Div. 1st M. ($20,000 p. m.) gold... 230
119
Fargo A Southern 1st mort.. gold, assumed........
Fargo A South, iue. called for payment Apr. 1,’93.
Cb.Mil. A 8t. P. I crminal mortgage, gold....... o'
Dakotu A Gt. Soutb'n lstM. ($18,000 permile.lg.. 159
C'btr. A Mo. Riv. Div. 1st mort. ($20,000 p. m.) ,.o* 154
525
Iue. M..convert., s. f. $80,000 yearly (dr. at 105)o'
Gen. mort. (for $150,000,000), gold Scries A.o*&r All.
O ie. &North Pac.—Ch. &Gt. West. 1st M.g.iut.gu.c* 10
k
First mort. for $30,000,000, gold, int. guar.c'&r 65L)
100 $16,027,261 See text. A. & 0. N. Y., Office 42 Wall St. Apr. 19,1893
25,073,900 7 per an. A. & O.
do
do
100
A jt . 39,1893
3,100,000
7
J. & J.
do
1,000
do
1867
July 1, 1897
3,074,000
F. < A.
do
8
fe
do
1,000
Feb. 1, 1898
1868
F. «fe A.
do
1,233,000
73
do
1,000
Feb. 1, 1898
1868
1,000
540,000
7
J. & J.
do
do
1809
July 1, 1899
3,804,500
1872 $ & £
7 g. J. & J. London and New York. Jan. 1, 1902
J. < J. N.Y., Office, 42 Wad St. Jan. 1. 1903
fe
7
1,000
2,393,000
1873
180,000
7
J. & J.
do
do
1904
1874
J. & j.
do
do
1875
1,000 11,299,000
7
July 1, 1905
1,000
3,505,000
7
J. & J.
do
do
1878
July 1, 1908
1,000
4,000,000
J. & J.
do
6
do
July 1, 1909
1879
J. & j .
1,000
7,432,000
c
do
do
1880
Jail. 1, 1910
2,840,000
5
j. < j.
do
do
July 1, 1910
1,000
fc
1880
1,000
0,070,000
do
7 & 5 J. & J.
do
Jan. 1, 1910
1880-6
1,000
2,500,000
do
5
J. & J.
do
July 1, 1919
1879
1,100,500
500
7
J. & J. Boston, Lee Higginson. Jan. 1, 1909
1879
1,000
2,300,000
1880
6
J. & J. N. Y. Office 42 Wall St. July 1, 1920
1,000
6,505,000
do
do
J u ly 1, 1920
1880
J. <c J.
f
6
1,000
3,000,000
J.
do
do
Jan. 1, 1910
1880
6
j.
1,000
do
Jan. 1, 1921
25,340,000
do
1881
5 g. j . & j .
do
July 1, 1921
1,000
1,300,000
do
1881
5 g. J. & J.
1,000
do
do
.July 1, 1921
1881
4,755,000
5 g. j . & j .
1,000
1,250,000
Jan. 1, 1924
1883
fc
do
do
6 g. J. < J.
__
1885
200,000
A. < O.
do
do
6
te
Called.
1,000
1884
do
July 1, 1914
4,748,000
.
do
5 g. .1 A J.
1,000
do
Jan. 1, 1916
1886
2,856,000
fe
do
5 g. J. < J.
1,000
1886
3,083,000
do
do
July 1, 1926
5
J. <. J.
V
1,000
1886
1,080,000
do
do
Jan. 1, 1916
5
j.
j.
do
1889 1000&C. 14,029,000
do
4 g. j. < j .
May 1,1988
fc
i,ooo
1880
394.000
D. N. Y „ Office, 30 W all St. June 1, 1936
5 g. J.
1,000
1890
25,348,000
f
5 g. A . <c o. N.Y., London, Berlin,&c. April 1, 1940
C h ic a g o M ilw a u k e e & St. P a u l.—(S M
ee ap.)— ine of Road
L
—The company operates a great consolidated system of railroads in
Illinois, Wisconsin, Minnesota, Iowa and Dakota, which are well shown
on the accompanying map. The main through lines are from Chicago to
Milwaukee,’< 5miles; Milwaukee to St. Paul & Minneapolis, via La Crosse,
3
341 miles; Milwaukee to Prairie du Chieu, 194 miles; McGregor (oppo
site Prairie du Chieu) to Chamberlin, Dak., on the Missouri River, 442
miles; Chicago, via Savanna, on the Mississippi River, to Council Bluffs,
Iowa, 487 miles; Marion, Iowa (near Cedar Rapids), to Kansas City,
305 miles; Minneapolis to Aberdeen, Dak., 288 miles; trackage, (52.
Total miles operated, June 30, 1892,5,783. Second and third tracks
and connections, 181 miles.
Also owns tiie entire stock of the Milwaukee &Northern RR. Co., hut
operates it separately. See that company.
I E
rpcnses—
i Maintenance of w ay .......
Malut. cars and engines..
Transportation...............
Taxes.............................
Miscellaneous.................
Total expenses..........
Net earnings..................
Peret. of op. exp. toearna,
Other Income..................
1889-90.
$3,119,714
2,639,849
10,388,382
830,046
195,106
$17,173,097
$9,232,610
(65-04)
220,025
1890-91.
.$3,763,983
2,787,924
10,714,471
857,906
242,214
1891-92.
$4,235,514
3,884,373
11,515,811
933,148
246,158
$18,366,500
$9,137,724
(6H-7*-)
418,425
$20,815,004
$11,468,504(64-48)
237.354
$9,452,635
$9,556,149
7,214,155
7,237,251
(6)1,296,828 (7)1,532,152
.......
84,217
$11,705,858
7,161,736
(7)1,572,012
112,414
Total disbursements..
$3,510,983
$3,853,621
941,652
702,528
Surplus..........................
GENERAL BALANCE JUNE 30.
Cap ita l Stocks.—The preferred stock has a prior right over the
A s ts
se
1890.
1891#
common stock to a dividend of not over 7 per cent from net earnings in
$189,024,728
each year, but if not earned it has no cum illative right. After payment Road and equipment....... $185,031,301
1,233,388
7,337,244
of 7 per cent on preferred and 7 on common, both classes share prora . Bonds and stocks owned.
ta
214,957
250,914
Common stock authorized, $47,062,560. Preferred stock on July 1, Due from agents, <fco.......
247,858
270,251
1892. was $24,304,900, and it has been increased to present ligures by Due from U. 8. Govemm’t
Materials and fuel...........
2,407,309
2,313,223
exchange of convertible bonds for stock.
Bonds of comp’y on hand.
2,178,000
5,092,000
D ividends since 1878—On common in 1879, 2*s per cent; from 1880 Cash...............................
2,901,930
3,493,700
to 1884, inclusive, 7; in 1885, 4; in 1880 and 1887,5; in 1888.2^; Miscellaneous.................
1,449,498
2,020,284
then none till 1892, when 2 per cent was paid Oct. 20; in 1893, ApriL,
2 per cent. On preferred Trom 1879 to 1887 inclusive, 7; in 1888,6;
Total assets................ $196,324,301
$211,020,441
in 1889,4*2; from April, 1890, to Ap^il, 1893, 7 per cent per annum.
Liabilities—
Stock, common................ $39,808,961
$46,027,261
P rice of Stock .—Common stock—In 1883, 91%®108^; in 1884,
21,839,900
22,198,900
58*4^94%; in 1885, 64%®99; in 1886, 825s®99; in 1887, 693r® 95; Stock, preferred..............
Funded debt.................. 125,093,000
129,797,000
in 1888. 59*4 / 78: in 1889, 607
7
8®75%; in 1890. 44®793«: in 1891. 50%
2,880,278
2,780,778
-©82% in 1892, 755
R/$845fl; in 1893, to March 17, inclusive, 74*2®83*2 Pay-rolls, vouchers, &c...
3,529,492
3,540,775
Preferred stock—In 1883, 115®122»4; in 1884, 957
8®119 ; in 1885. Interest accrued, not due.
..........
3,477,228
102® 125• in 1880, 116® 125%; in 1887, 110®127%; in 1888,98*2® Loans and bills payable...
93,156
91,046
117; in 1889, 97®118; in 1890, 99*4®123*8; in 1891. 105*-2;$i237a. Miscellaneous.................
Income account..............
2,419,514
3,094,853
In 1892,119*2®1287 in 1893, to March 17, Inclusive, 121*2® 126.
8;
$8,846,762
2,859,096
<fcc.—The Milwaukee & St. Paul RR. Co. was organized May
5, 1803, and on Feb. 11, 1874, took its present name. The system has
aince been greatly extended bv the construction and acquisition of
other lines. The stock of the Milwaukee & Northern was acquired in
September, 1890, in exchange for common stock.
iliS T O R V ,
Total net income.......
Interest ou debt..............
Dividends oupref. sti ck..
Miscellaneous.................
1892*
$191,544,853
7,419,241
232,972
250,160
2,385,002
5,990,000
4,043,530
4,770
$211,882,528
$46,027,261
24,364,900
129,195,000
2,722,549
3,486,339
..........
217,269
5,869,209
B onds .—A bstracts of some of the principal mortgages were pub
Total liabilities..........$196,324,301
$211,020,441 $211,882,528
lished in the C hronicle , V. 45, pp. 85,114, 144, 212, and V. 48, p. 830
2.
53,
125, 157.
28
The con
solid ted m ge bonds of 1875, of which enough are -(555, p. 41.427; V. 419,p.422,1077;200. 222, 42, S, 2 9 1 J V. 54, p.443;
a
ortga
V.
p. 215, 392,
V. 56, p.
331.)
reserved to Dike up the prior bonds, may be stamped and discharged I
from the sinking fund provisions. The mortgage provides that the conC lilc a s o «fc N o r t h e r n P a c ific .— ee M
(S
ap)— rganizatio n ,
O
boIs which by >
heir terms are payable iu currency, shall be paid prin- I P roperty O w n e d , E tc.—This company was organized in 1889 in the
cipal and interest in gold coin iu case the U. S. shall at any time interest of the Northern Pacific Railroad to acquire the important
Increase the legal tenders to an amount exceeding $100,000,000
I terminal property at Chicago owned by the Chicago & Great Western,
The folio vying bonds are convertible into preferred stork at anytime' fc . The
covered by the mortgage includes the following;
within ten days alter a dividend shall have been declared and become < c acres property in the heart of the city), with 65*2 miles of track in
332
(46 acres
payable ou the preferred: Iowa & Minnesota 7s. due l s 9 7 . Prairie du operation; also a freight house with a capacity of 80,000 square feet;
Cliien 2ds. Iowa & Dakota 7s, Iowa & Dakota Extension 7s. River a new passenger station, which with its appurtenances is valued at
Division vs. Chicago & Mil vaukee 7s of 1HU3, Hasting &Dakota 7s of $1,500,000, besides valuable street ana dock frontage on the Chicago
1903 and Ch. Mil &St. P. consols of 1875. The consols of 1874 also River, round houses, etc. The company is also the owner by purchase
are convertible into preferred within 15 days after dividend dav
running from 40th Street in Chicago, through five
Term bonds of 1881 cover property iu Chicago and Milwaukee I of a surburban linedistance of 9 miles, and Oct. 7, 1892, completed a
inal
populous towns, a
subject to the lien ol the general mortgage ou part of the track and line southerly from Chicago to a connection with the Chicago & Calu
terminal*; but they °«ver also other property quite detached. On met Terminal at Blue Island. See full statement in V. 55, p. 58; also p.
Die in
com bonds of 1880 payment of interest is now obligatory 682. The Chicago & Calumet Terminal Railway, extending from Ham
e
They are convertible into common stock within 00 da vs after any
Ind., via Blue Island and Worth to La
dividend day, and have a sinking fund of 4 per cent. $80,000 of them mond, crossing 26 lines of railroad entering Grange, 33 miles of track
being drawn for payment yearly at 105. In addition to above bonds in all, by Northern Pacific in tlie interest of Chicago has also been ac
this company. Statement
there are $89,000 Hastings «fe Dakota 7s, due Jan., 1903, convertible quired property in Feb., 1893, was in V. 56, p. 363.
i,1 p r 1
t°
.r.
$ 12a,000 Minnesota Central 7s, due J u ly " ' “ Lei6 as to the
also $*22r>.0()0 5 per cent real estate mortgage* due in 1894
L ease , R ental E tc .—Leased to
Central for 99 years, and
Tlie general gold m
ortga of 1889 for $150,000,000 wa fully de- lease assumed by,Northern Pacific, Wisconsin earnings, and in addition
ge
rental net
as
senbed in tlie C hronicle , V. 48, p. 830; see also V. 50 u 205. Tlie thereto $350,000 per annum, payable in gold. If these t oget her do not
United States Trust Co. of New York is trustee.
* 1~
suffice to pay interest on bonds, rentals and organization expenses, the
G eneral I in a m .ls , A c.—A considerable amount of the stork Is ln»ld lessee shall make up the deficiency, but advances so made shall be
by parties also interested in the Chicago A Nort awestern, so that the repaid, with interest at 5 per cent, out of future earnings. See abstract
fe
two roads are operated as a rule In liarinom*. D1viri..,„i„
. of lease in V. 52, p. 408. The Baltimore < Ohio uses this company's
e
terminals under a lease or contract which it is said will yield over
$400,000 per annum rental Other tenants are the Chicago hit. Paul &
Kansas City.
B onds a n d Stock .—1 here is a purchase money mortgage to the City
T
of Chicago for $650,000, bearing 5 p. c. and due May 1, 1938. The con
sol. mort. (trustee. Farmers’ Loan & Trust Co.) is for $30,000,00
Of
L a t e s t E a r n in g s .- J u ly 1,1802, to Jan. 31,1893 (7 months) to ss
this amount $18,850,000 was to pay for property acquired; $05 .000
$7,738^431 ’ “SaUl0t
11 1391-93; not, $7,524,410, aglmst |is reserved to retire mortgage to City of Chicago; $399,000 to retii out
1
A n n u a l R eport .—Fiscal year ends June 30. Annual meeting is fitanding bonds of Chicago & Great Western; $1,000,000 were auth< ized
held in September. Report for 1891-92 was In V. 53, p. 392, 419, 422? to be applied to any deficiency of earnings to meet interest charges,
aud have been so applied; and $9,101,000 were reserved for improve
1889-90.
1890-91.
1891-92. ments, betterments, rolling stock, etc. See mortgage abstract V. 52,
Miles operated .Tune 30..
5 i02
. 5.721
p. 405; also see V. 54, p. 1047. Stock outstanding and authorized is
5.721
Passenger earnings........
$5,9 ■1.039
$6,277,774
$6,639,137 $30,000,000; (par, $10o), of which $15,010,000 is owned by the Nor.
Freight...........................
18.337,009
19.0)2,159
23.241.421 Pac. on Oct. 31, 1892, there was due the N. P. $376,398.
Mall, express, Ao...........
2,087.059
2,214,291
2,402,951
E arnings .—From July 1, 1892, to Dec.31, 1892 (6 months), net
after deducting taxes,
<V. 53. p. 040, 880}
$27,004,224
$32,283^508 earnings, 1047, 1048; V. 55, p. 21, were $612,817. p. 363, 403.)
Total earnings.......... $20,405,707
V. 54, p.
58, 082; V. 56,
KA1LR0AD
;
SLutCH, 1888.]
STOCKS
AND
BONDS,
as
~s
CHICAGO Tj m u H
------ft
L - ..T - a k e J L - ____ It
--imaamsai WCSinJw^l f
i—
MadlsotiJ
PAUt-s
1
-Wash 1
---- -—_! t
fJVAa -Bareni
,-d HARRISON. L
]I
CBAfJP CENTR
Vernon
; STATION
Park
, f \
M»fltrcs«
NOSTH'N'^'
Enlarged Scale Map Showing the Chicago and
Northern Pacific’s Terminal and Grand
Central Passenger Station in Chicago.
-PAUL
X Northern Pacific
W isconsin Central
B altim ore & Ohio
Chi. St. Paul is Kan. Cy.
t Cht & NarUWWcetam
5 lIHnoi* Central
i 'lev,-, trio, i l»i, * ss.
M ichigan t ,-iitra i
no
l
nr t
S Chi. Rock Wand A Pseiflc
Jjjfcc Share & Mich. Sou.
6 Atcb. Top. A Santa Pe
New York, Chi. A St. Loot*
C h icago A Trio
Ciiletoto A: ! aHorn III.
S Chicago * Alton
Chicago A (Irand Trank
chi, Burtington & Qnlncj
Chicago A \Y»tom hut.
Chi. Mii»aak.'C A St.Paiil
Lonlar New A R c A c M .
Pitta. ( in. Chi. A St. Lao!a
Wsbaab li. R.
Pitta. Ft. Wayne A- Chicago
L/ |H I j
I.
c I wtra C
J
*AS9jERGfR STij
C 1C E R
T\kv3( CartT”
/
JSCKSON
COLUMBIAN
, n.K
EXHIBITION
BELT
p T V f rilham
iu < r \
SOUTH
JekOtioni
ttrttti
Bike Ijlaiic
renMiAAt
.CENTQAI
M A P OF T H E
-
CHICAGO & NORTHERN PACIFIC RAILROAD
@ T E R M IN A L C O N N E C T IO N S .
M
9
^INVESTORS’ SUPPLEMENT.
v o l
.
lvi,
March , 1883,]
RAILROAD
STOCKS
A2STD BONOS.
37
f
9 u b «w r lb e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s ,
RAILRO AD S.
Far explanation of column, headings,
<m first page o f tables.
see notes
Mono*—Fnne»IN T E R E S T OR DIVID E ND S.
Miles Data Size, or
pal,When Due.
Amount
Par
of
of
Outstanding Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Road. Bonds Value.
Dividend.
4.250
$100 $39,054,383 6 per an.
100 22,335,100 7 per an.
Preferred stock (7 p. e. yearly, not (Cumulative).. 4.250
128,000
1,000
7
Peninsular RE. 1st M. on road and lands Uts-ume.d> 108 1863
1,000 12,771,000
7
1865
Chic. & N. W. consol, sink-fund, mart., not drawn. 788
1,700,000
1,000
7
Chic. A. M ill st M „ (talc, to MHwShkee (assumed)
85 1863
Cedar Rapids St Missouri R iv.—Bunds assumed,
582,000
7
54 1863 500 to.
lstm . 2d. Div., MarshTtn to Res. M. R ive r,to
7
2,332.000
1st mort. 3d Div., lies. M. R iver to Mo. R iver 149 1866 500 to.
769.000
124 1884
7
Mon., of 1884. Ced. R. to DeaM. R iver...........
1.000
1,350.000
iow aM idi'd 1st M., Lyons to Annmoaa •assumed)
71 1870
S
2,977,500
Madison extens.lst M.,g. <a-f. $23,000. not dr'll) 129 1871 500 to.
7 g.
500 Ac.
2,546.500
Menominee ext-lst M..g. (s.f. $20.000,not dr’ n, 114 1871
7 g.
3,365,000
7 g.
Northwest. Union 1st M. ,g.
Fond du-taic.
02 1872 500 to.
Chle. St N. W. general consol. M., g., s. f., not dr’n 1,058 1872 500to. 12,336,000
7 g__
560,000
7
Menominee R iver 1st M., two series (assumed)..
31 ’76-’80
1,000
M il A Mad. 1st M.. Mil. to Madison (assumed). .
1,600,000
6
82 1880
__
1.528.000
6
Chicago St Tomah 1st mort., guar, (assumed)... < 152 11880
6
>1882 ....
601,000
Chicago Milwaukee A N. W. conetrne. do
... {
1.000
43 1881
720.000
Esoanaba & Lake Superior RR. IstM ., (aasumeilj
6
1,000
600.000
7
Dee Motor* Si Minn. 1st M .Dcs M.to Jew ell J c.,to.
57 188*2
1,000
1,600.000
Ottumwa C. F. St St. P. 1st M.(#25,000 p.m.), guar.
64 1884
5
l.ooo
1,500,000
75 1835
5
Northern niinoi* 1st mort. ($20.000p. mile).guar.
C.<feN.W.9.f.b*dA of •79($15.000p.m.)red.art05.cAT 1,041 1379 1.000Ac 13,922,000
5 A 6
1,000
4%
71 1391
889,000
low aD iv, IstM . fo r #1,411.000 ($20,000 p .».ie *
1,000Ac
9,800,000
5
Sinking fund debentures of 1933 (not dPni.o-.4r ....
5
Debenture bond* o f 1909 (for #6.000,000>.c**r
i l l 1,000Ac 3,569,000
30-year debenture* fo r $10,000,000.......... c* xr
5
.... 1891 l.OOOto 9,000,000
4
Extension 4* ($20,000 per m ile)..................o tr
.... 1836 1,000Ac 17,689,000
OtheramallIssue* (see remarks)..................... .
250,000
7
1,592,000
7
Winona it 8L Peter 2d mortgage (now le t) guar.. 139 1870-1 r.ooo
4,067,500
1st mortgage ex ten t. goid.Uod grant,*, t .guar. 184 1371 100 to .
7 g.
60 1377
...»
402,500
7
Maple River 1st M , Br. to Mapleton, (assumed)..
Roch. ANo, Minn. l*tM.,gH.(u-simii-dhv.'l'AKt.P.)
200,000
7
*24 1878
— •
J. St D. N.Y..Go.’a Office.52 W all
do
Q.—M.
do
i£ A 8.
do
do
Q .-F .
do
do
J. St J.
do
do
Deo. 28,1892
Meb. 23,1893
Sept. 1, 1898
Feb. 1, 1915
July 1, 1898
F.
M.
J.
A.
A.
J.
M.
J.
J.
M.
M.
M.
J.
F.
M.
Feb. 1, 1894
May 1, 1916
June 1, 1909
Oct. 1, 1900
Apr. 1, 1911
June 1, 1911
June 1, 1917
Deo. 1, 1902
July 1, 1906
Sept. 1, 1905
Nov. 1, 1905
Nov. 1, 1905
July 1, 1901
Feb. 1, 1907
Moh. 1, 1909
Meh. 1, 1910
Oct. 1. 1929
Apr. 1, 1902
M ay 1, 1933
Nov. 1, 1909
Apr. 15,1921
Aug. 15,1926
Various, 1908
Nov. 1, 1907
Dec- 1, 1916
July 1, 1897
Sept 1, 1908
&
St
A
A
&
St
St
,t
A
N.
D.
O.
O.
D.
8.
D.
& J.
St 8.
St X.
& N.
St J.
St A.
&8
.
M St 8.
.
A. & 0.
A. & O.
M. & N.
M. & N.
A 1 5 *0
F 15AA.
Various
M. * X.
J. * D.
J. * J.
M. * 8.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
ao
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A S M 'u . RKrt.KT.—Fiscal year ends May 31. The animal meeting Is
C h ic a g o *
N o r t h w e s t e r n . —(See Mapt—L in e o r Rost> -Tbi*
•Company operate* 1,273 mile* o f It* own road* and control* Chicago held the first Thursday in June. The report for 1891-92 was to V. 53.
3t- Paul Minueapoli* .and Omaha (which see), 1,481 miles; Fremont Klk- p. 213, 217, See also article p. 199.
horn A Mi.wmri Valley, 1,300 mile*, and Stour City * Paciflc, 107
The surplus *>f the year 1391-92 from operations was as follows:
miles; total owned and controlled. 7,161 miles. The main line from From the Chicago St Northwestern Railway, $1,244,450; from the
•Chicago to East Omaha, la., i* 492 miles, and tills forms practically the Trans-Missouri lines, $1,196: from the land department, $568,752;
Southern boundary o f the whole system. The Sioux City * Pacific total. $1,314,333. available for improvement#. Ac.
and Fremont Eikhorn & Missouri Valley are operated separately
The follow ing statistic# are for the Chicago St Northwestern proper
' 1,107 miles), and their earnings not Included In those o f Chicago 1 the statistic* or the Trans-Missouri line* are given below.
Northwestern, but separately stated below. Their securities, erce.pt
Tear ending Mae 31. 1889-80.
1389-90.
1890-91.
1891-92.
"those held by Chic. & S. W „ are 11 table above.
1
Passenger earning*.. $6,261,27? #6,2.35,179 $6,700,351 $7,298,880
Hxsronr, Ac.—The Chicago * Northwestern Railway was organSrad Freight..................... 18,193,646 19,854,213 19,329.341 22,788.423
In 1859. and ha* since absorbed many other roads.
Mall, express, A c . ... 1,237.336
1,225,445
1,203,982
1,334,969
In December, 1882. a controlling interest w a» acquired in the stoek o f
the Chicago St. Paul Minneapolis * Omaha Co, by the purchase of
Total earning*. ..#25,692,259 $27,164,837 #27.793,674 $31,422,272
33.800 shares o f preferred and 93,200 shares o f common stock.
Maintenance o f way. $3,160,704 #3.680,497 $3,353,894 $3,920,697
In July, 1884. the capital stock* (except a few shares) o f the Fre
••are. Ac. 2.376,125
2,569.167
2,855,480
3,164,548
mont Eikhorn & Mo. Valley and the Sioux City A Pact Be were acquired Trnnsport'n Si mbuxd. 0,788,821 10,101,393 11,227,355 12,323,031
on the terra* stated to tiie Stfrrunncas o f June, 1885. and prior issues. T a x .# ........................
701,637
754,103
854,470
928,162
In December, 1891, the Milwaukee bake Shore A Western RK. was
bought by an exchange of C. A N. W. stock. It is operated separately.
Total exponm* .#16,027,297 917,405,105 $18,291,006 $20,336,438
See that Co. and V 55, j>. 218.
Net earning............. $9,664,972 #0.759,782 $9,502,663 #11,085.834
O a m a b 8to ck .~< m the common stock $2,331,983 remained to P. o.exp. to earning*.
(62-38)
(64'07)
(65*81)
(84*72)
the company’ s treasury in July, 1892, after the purchase o f the
235,377
340,739
259,585
317,736
Milwaukee. Lake Shore & Western stock. Preferred stock has a prior Investment*, etc......
righ t to 7 per cent; then common 7 per cent; then preferred 3 per neat;
Total receipts..
#9,950.349 $10,100,471 $9,782,253 $11,403,570
then common 3 per cent; then both ebu. «-* share.
$5,825,833
0 m »B 3 «»S —On common since 1981; From 1892 to 1884, inclusive. 7; Interact on debt_____..._________ #5,826,936 $5,830,390 $6,072,900
3,411,979
3,445,804
3,675,735
in 1883, 6%; from 1896 to Deo,. 1892, both inclusive., at rate o f 6 per Dividends................. 3,444,504
Staking fund. ..
58.000
202,870
201,301
410,125
cent yearly. On preferred in 1880 and 1891, 7; to 1882. 7 k ; to 1883
and 1884, 8; la 1885, 7% ; from 1886 to Mar.. 1993. inclusive. 7 yearly.
Total Ilisbursm'ts. $9,32.3,337 $9,474,485 #9,527,495 $10,159,120
PWCB o r Sto ck .—Common spick—In 1884, 8 1% al24: In 1*85,
$625,986
$234,758 $1,244,450
84%®11S%; in 1986. 104**<>1200*: in 1897. 104% *127%; io 1889, Balance, surplus...... #622,012
1<JB%®116; in 1989. 10 2 % » U 1V; in 1880.03*117: In 1891, 102
Titass-Mtssotmi River Links.- -The ennitagB o f theso roads have
11|%: to 1882,110*98121’ *; m 1893to Mar. 17 inclusive, ) 0 9 % * i 16%, been a* below :
Preferred stock -In 1884. 1178140%; In 1885. 119% #139V it,
SIOOX C ITY AND PACIFIC.
1880. 135*144; to 1887, 133*143%: to 1838, 1301**140; to 1989, e REM* .NT ELK HORS 4 MISSOURI VAL.
rr.cnfl, day 31. 1.391.
1892.
1892.
135*144% ; In 1890, 134*148; in 1891, 130*112% ; In 1882, IS O * Cross earn*..#! .310,239 *3.481.236 Tr.end. No;/ 31. 1891.
Cross earns, #501,383 $510,216
117%; to 1893 to March 17 inclusive. 139.1110,
Net earns.. .#1.051,612 $ 1,10-1,349 Net earns... #193,295 $130,330
Bosros.—The sinking f und bonds o f 1879 are secured by a deposit o f Tot. charges
900,411 1,031.477 Tot. Chargee.
202,543
202,066
mortgage bonds on mails acquired at the rate o f $ 1 5,000 per mile, and
tb* Minus under which these are issued were published In V, 29, p. 277. BaTnee.snr.
$61,201
$72,872 Bal'nce, def.
$9,250
$71,738
$0,303,000 o f them are «* , and the sinking fund is at tenet X per cent of
B alance Siibkt Tlie following is the Chicago * Northwestern'*
outstanding bonds, the bonds being drawn at 105. There are several
«m all tMuesof bonds to addition to th o*« to the table above, viz,: Min- balance sheet on May 31 o f each o f the years named:
? «£ *»» JfM or Railroad. #150.000 7* (April and October), due October 1,
A e te /r1890.
1891.
1892.
1908; Ftotovtow,$109,0007s (M a rc h * Septembers,diteSept, i, 1908; Road and equipment.........
$153,403,472 $157,193,271 $181,107,982
liloux City A Pacific ear trust 6s, March 1. 1996,0118,000.
Bonds owned.................. .
11,219,551
14.912,909 *14,892,419
In addition to the company's bonds, a* shown In the table above, Stocks owned........................... 12,151,500
11,968.500
22.051,957
t lw e were June l. 1892.81,912.500 alive to the sinking fnnd.
Land grant investm ent*.........
422,794
675,000
1,146,700
The Iowa DiHtiem bond* o f 1891 for #1.411.000 were authorized for Bills and accounts receivable..
1,825,439
1,751,022
1,994,771
toe retlreinent o f a like amount of bond* watering, including $592. Materials, fuel, t o ....................
1,978,007
2,026,245
2,143,382
<W0 Cedar Rapids & Missouri E lver second division first snort gage Cash on hand...........................
2,148,330
2,090,248
2,422,709
oonds, due Fubrnary 1,1804. They cover road from Wall Lake to Trustees o f stoking fund.........
4,747,071
5,600,101
6,129,701
Kingsley, lows, 71 miles. See V. 53, |. 217.
>
The Sinking fund debenture* of 1933 have a sinking fund o f 9200.000
Total assets.......................#187,897,614 $190,800,196 $211,889,801
per year, If they can lie redeemed at 105.
U a b tlitie *—
ftebenturesot 1834 and 1891 will lx* secured by any future mortgage
Stock, common and preferred,. #63,720.320 #63,720,323 }#63,723,320
exeerttog any mortgage *» for the enlargement, improvement or n 'c u
Stocks o f propriet'ry roads, t o .
579,110
----------------529,885
519,510
man o f the company’* property.”
a „ w CNcmo -* Northwestern retention bond* o f 1896 are secured by Bonded debt ........................... 104.985,500 112,570,500 114,235,500
Dividends declared, not dne...
1,332,075
1,332,078
1,501,997
deposit in trust o f first mortgage bonds o f roads constructed or acquired,
4,747.970
4,972,271
5,405,696
a t o rate not exceeding $20,000 p v mile. The mortgage U for #20,000,- Sinking funds paid............................
Accretion* to sinking fund....
...........
027,830
724,065
000, and the Lliion Trust Company o f New York is trustee.
Securities for cap. stock « * '.! .
10,009,823
, I ]! £
M k h o m it X inm uri Talley bonds have a first lien on Securities retired from income
335,000
, g eh- t0 Deadwood, D. T „ 557 mile*. and Current hills, pay-rolls, t o ......
1,940,001
2,470,10',
2,102,309
h m m m m ta
Albion, Ac., 743 raUea), bat bm ulm the amount
t o .........
176,327
177,131
104,8.6
e f bwae given as outstanding to the table $13,#35.000 are hold as part Uncollected coupons, ..............
Due to roads to Io w a
984,012
1,302,195
1,186. <35
S****Jerai f‘>r Chicago * Northwestern extension bonds o f 1996. The
125,000
128,520
Northwestern assumed $3,600,000 o f the Fremont Elkhom A Missouri Consolidation Coal C o.......... ..
Accrued and accruing Interest.
1.573,344
1,649,017
1,0-2,589
valley bonds and srnarauteea the remainder.
Miscellaneous.................... .
__ ____
244,049
120,087
100,580
Qft i y r ;~"TP® ref ort for 1891-92 showed that the total consider' I..uni income account..............
1,954,421
2,387,548
2,958,300
5 S f*L f4
?
lots sold in that year amounted to $903*83?. Railroad income account...... 5,371,977
6,715,188
5,470,733
•**I_c®*^,r' ’,‘elpts were $568,752. The statement of amount# Monred
to he M d to the company-by outstanding contract* o f sale to force at
Total liabilities...... ......... $187,897,014 $100,806,196 $211,889,801
™ 0 ? T °5
J
flsoai Tear showed a total of $1,404,017. Tho iamls
unsold and uucon traded for May 31,1892, were 772,907 acres.
* Includes #13,233,000bonds pledged as collateral.
* Including $2,345,164 common, and $2,284 prerdta. oo.’s treasury.
E *Rvrsos.-From Juno 1 to Jan. 31 i# months) to 1392-3
giOas earnings were $23,120,135. against $21,760,016 in 1891-02.
—IV. 52, p. 219,761,832, 802; V. 53, p. 156, 190. 2 22. 793. 922: V.
54, p. 225,525. 903.923; V. 55, p. 199, 213, ‘2 J 7 , 1036; V. 56, p. 226.)
etUbwlW
1802 aDrt 1801
ruing sworn as follow *-###
r
Iv r .—Line o f road
taetodt for interest (less credit#) #5,737,599. 80 iiie a jro .4 Oli In fItthoeDanville Olney &from Sidells, 111., to Olney,
mile*. Successor o
Ohio River, foreclosed to
g S ? o lo rS
®'4?8<*??^,,n 1791, and stoking fund #200.200. against February, 1880. Consolidation with Peoria Decatur St Evansville pro
M t o lik e m a re 'h^eml^payme.nt i» heavier because of acquisition of posed In March, 1893. 8eo V. 56, p, 207, 404. Coupons of the first
mortgage bonds to November 1, 1893, inclusive, have been funded.
1*0 0
J T il earns.
Charges.
Dividends,
Hal., sunt.- Stock authorized. >P ,D W W | ’JL V7 A 1 14 « UUO MVi A(J< A, qr*UO)OWW*
/
1MAI, $1,500,000; outstanding June 30, 1891, $438,800;
4 W |W V
A<W 1 U1 K
7
iS 8 ? "*§ S 2 2 J -8 B
•225'?20 $3,937,709 #3.000.0')$ •71,102,132 | par, $100. In 1890-91. gross $74,.012; net, $12,943; interest, $3,120;
1891,. 29.393,791
10,273,15«
0.139.023
3,145.800
083,329 I taxes, $3,615; other, $1,107. V. 56, p. 207, 464.
I!
_ ? ______ N
S YE W TO E
LLO 8 N
i N TIO A
A NL
varkI
tK»d>T
D
Duf Talo Gap <
G
3 akota. 3c\
INTESTOKS* SUPPLEMENT.
MAP OF THE
CHICAGO, ROCK ISLAND
PACIFIC R A ILW A Y SYSTEM
AND ITS CONNECTIONS.
.
[You L\I
AND
Marc h , 1888,]
RAILROAD STOCKS AND BONDS,
S u b s c rib e rs w i l l c o n fe r a gre at fa v o r b f g i v i n g Im m e d ia te n o tice o f a n y
R AILRO AD S.
un test page of tables.
In th ese T a b le * .
50163 Date Size, or
Amount
of
of
Par
Rato per When Wliere Payable, and by
Wliom,
Road. Bonds Value, Outstanding Cent. Payable
71
Dakota Cent. 3stM.. Watertown to Redfleld, gnar
1st mart. on SontUeast Div. {to Hawafden) guar. 125
Fremont E li. A Mo. Val. consol M. (see remarks). 1,300
«
Blonr c ity & Pae. pref. stock (1st moil »u 6 m.)
107
1st mortgage (assumed by C. & S. W.).............
107
2d M. Uoveruni’ t lieu (accrued in t F.’,145.n! 1).
Mo. V. A Blair RR. Bridge. 1st. retold after 1893
86
OKitagn A Ohio Riser— 1st mortgage (f»r $500,000)
Iot-otne b o n d s .............................................. .
error d is c o v e re d
INTE RE ST OR DIVIDENDS.
O M eagn <t S a r tk te a tte r n —<C a n e lw le th —
Chitagn Pmrnria A St. Louis—1st mnrtjedxe. od d . ,c'
1st eonanl.M.g. ($15,000 p. mM#300,000 are 09|.o'
39
ia o
170
170
112
Jacksonville Lonisv. A St ).. 1st M-.irotd, guar.e'
C/ut-uy* k>*-k Island A Rt.tr.—Stock (for s.->0.')()' s.OuO;
1st mort,. Chic.. 111., to Council I51ttt6.ibranchcs.c- 736
chie. A Smithw. 1st M. o f.I in car. by C .R .IA P .). 26H
1st M. ext. and c o l ($20,000 ri. tn.) red. aft. ’9 t.c.vr 2.062
Debenture bonds (redeemable at 105> ... . c\tr,
C*U. A m. (.. S trrtrU —Capital stock for $7,000,000. : :: :
248
l * t mortgage for #7.000,000. gold............. .........
CAttagt! St. 1‘ant A Kaunas < itit—ttHi. Chk . ago r, KK.lT
CAutagn St. I’aui MmneecpnttttA Om«ftri—Corn. * '
' ....
Preferred stock, non cans, (see,text)...... ...I
21
St. Paid Still water A Taylor*’ Falk* 1st mart. ...c
12
Hudson h River Fails 1st mortgage.................. e
177
Chicago ft. P a u l* Minn. 1st mortgage. g<*ld...c
S t P .A S fk C . 1stM.,g,(.*?.000.000i$10,000p.jn e ‘ 007
80
Consul, mutt.. f»r$3O,oo0,(KM) ($13,000 per oi.be* 1,374
37
Sanitate. Marie k 8m»t»iweatern l»t> I..in lsr.,.,c,
Ohie.nj: a- southeastern—Mid. o f Ind. 1st M., g o ld ..
91
fU
Consol, moncae.-.
*',(****»
,n , gabi . , .
$1,007,000
2,000,000
7,725,000
$ i ,ckk>
100
169,000
....
1.628,000
1869 500 &0.
<.
1,628.320
1868 500 & 1
18$3
809,000
1880 100 A-c.
250.000
....
1886
618.300
1HH3
1,000
1.500,000
1.IKK)
1HS9
1,041.000
1H91
1,000
850,000
1,000
] .680,000
1890
100 46.156.1X10
1877 1,000AO 12,100.000
5.000,000
1809 100 Ac.
1934 1,000Arc 3^,777,000
1891 l,000s%c
3,000.000
10
m
1,000 X ll.F e b ,,93.
1893
WE»TE R>\
100 lS.fi59.3fl0
100 11,259,913
500 Ac.
334.8<X>
1.000
125,000
M l
1S78 500 Ac,
3,0<M>,fM)0
1879
i.ooo
6*070.000
^fM>,000
1.000
1SH0
1.000 13,730.000
1380
1.ooo
1890
40O.WKI
1HH7
l.ooo
375,000
ta in
(H
1832
1832
1883
6
6
6
7 per an.
6
6
6 g.
6
5 R.
o A 6 g.
5 «.
5 g.
See text.
6
7
5
5
M. ,v- 8. N. Y „ Office, 52 Wall St,
M. & N.
do
do
A. & O.
do
do
A. A 0.
do
do
J. A J.
do
do
J. A J. TJ.S. Treas., at maturity.
J. A J. X.Y.,Xut.ParkRk.&Bos.
M. A N. Int. funded till Sov. ’93.
M. & N.
No coupons nald.
M. & S. X. A*., Auit-r. Eic. Bank.
M. A N.
do
do
J. & D.
do
do
J. A J. N, Y ., Dim riBros., I0W all
Q .-F , N ew York and Chicago.
J. A J. X. Y „ 13 William St.
do
do
M. & N.
J. A J.
do
do
m . & a.
do
do
i>tjtit tn—rriuoi*
Storks—East
Dividend.
S ept
Nov.
O ct
Oct.
1,
1,
1,
1,
1907
1907
1933
1892
Jan.
Jan,
M ay
May
Mar.
May
June
Jan.
Feb.
July
Nov.
July
S ep t
1,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1898
1923
1916
1910
1928
1939
1941
1940
1893
1917
1899
1934
1921
6 g. j . & j . X. Y „ Farm. L. ifeTr. Co. Dec. 31,1912
........
See text.
7
8
6 g.
C g.
6
0
5
5 e.
.5 *£
.
j.
J.
J.
M.
A.
J.
j.
M.
J.
&
A
A
&
A
A*
A
A
..................
j . X. Y., Office, 52 Wall S t
J.
do
do
J.
do
do
N.
do
do
do
do
O.
J.
do
do
n.
do
do
N.
do
do
J. X. Y „ Coffin A Stanton.
Jan. 20,1893
Jan. 1, 1908
July 1, 1908
May 1, 1918
Apr, l , 1919
Jan. 1, 1930
June l, 1930
N or. 1, 1915
Jnn. 1, 1917
O c t 1. 1921
C h ic a g o 1’ ,-ortn * <4t, I , o # l « . - O v o « from Pekin, 111., to Jackson
a s m t u . R kpob T.—The «*c a l year end* Miireh 31. Annual m eeting
ville, TIL, and Havana toSprltiybidd, 120 wiles, and Litoliheld to Enel is Isold In Oliic ig'i on tb« first Wo luesday in lane. Report forinsn .92
St. l»n l* .5 0 tulles; use* the Merchant-’ Bridge into St. Lout*. 2 miles, in full wa* lu V. 51, p. 911, 961. Odd. Earning*, Ac., have boon:
and leases Sprfuatietd to LitehlieUl, old .St. lam!* A Chicago RR-, etc.,
1833-90.
1890-Dl
191-92.
SO miles. Controls and operates the LI»oiifl*dtl Carrotltou«% Wretem. Mile*owned and operated...
3,456
3.403
3.030
Barnett to Columbiana, 52 miles; the Istal-vSTIe A St. Lo*tb*. Centralis Passenger earnings............. #t.(U'l,822
#1.7(12.391
$5,216,761
to Drivers, 17 mile-: and the Jacksonville Louisville A St. Louis, Jittsk- Freight...... ........ -................. 11.828.704
11.513.S45
12,289,638
•ttDVlUe to Centralla, HI., 112 m,; trackage 13 tu.; total sync, 410 tu. ■Stall, exprw s, rental*, e tc .,.,
1,190,445
1,196.895
1,183,078
H tsroar.—Organised in 14-7. With its allied lines forms tbe
$ 17,030.001 $17,473,634 $18,690,075
Grn*a earning*......
Jacksonville (S>u(beis*tem system.
In November, i-mo, under a
. 1*2.475,007
12.413.794
13,147,0.57
In dStakrtttiiM K with the At.eul-.ui Topeka A Santo Fa, a stiixntifii line
was opened b t t v m t fb im f lii and Ht. lends, (V. 51, p- 60S.) Ait ex*
#3.059,810
$3,513,018
$0,163,994
teusloa of 100 mile* to Rock Island is being built.
(70-72)
(71-011
. (70*341
** c. *»f o i » t . exp. to m m * __
S tock.-C a p ito l stock is #3„30O.OOO.
#‘18,050
#127.300
$ 70,000
From land department, e tc ..
1.2(19,010
1.210.002
52,200
Bourn. — h e now entn*»!ld«t«4 mortgage square* bonds M $20,000 Otic, Kau . A Nel>. interest -...
T
r m ile upon present niU,n*8e (svidlcicnt *e*r*g reserved to bet t-c pn**r
mb* yrljer, dim) and upon the Rock Island extension; also on a Hoe, if
$3,668,219
#0,375.152
Total tncstniR.................. $0,500,934
built, from Ditch Odd to ‘‘ prittgrt.-i-l, the Metropolitan Trti-t C ic.o fKent leaned road*................ #1,78 1,02 1
$1,872,113
$771,800
N V. , 1* i roster Tin* mortgage cover* S l ,730 ,1*10 Stock 1 1 the pnpInterest on debt ...............
1
2.025J130
2.711.9.50
2,813.325
prietarv line*, and all the equipment o f the read
188.338
143,858
Kbowntri R iver bridge* ......
195,580
The J:*ck*oiivin** Isiulsvtfhs a *t, b m l* 1» -ucce—oir to' the Jurku.n- D ividend*............................ (411.H 1(1.228 (411,840.232 (3) 1Jl$4,674
n ile Houthejiclern. which was sold in fotmrloanrn May I t . 1**!KJ Its
bond* are m .iraiiiccd prlneipu: anti interest h rth i* eontpapy, which Balance. *nn*bu.
#246,081
#548,556
#10552
owns $1,000,1100 o f tb * Jacksonville read's $1,500,000 stuck.
-|V . m , p. 119,597, 8 8 9, 0 4 1 ,9 0 4 ,9 6 6; V. 55, p. 462,551; V. 56.
EaRkWrs*__ From July 1 . IB!)**, to Dee. 31. 1992 (0 month*!, gross p. 247.*
earning* were 9714.814. against $(<70,095.
6 M c « f * A At. Ir o n ls K|eet*-lc —In March. 1898, this company
For year coding June 8". 1892, iftoa* earning* were .#1,288,093; net.
was repurted in have b-t contra*-!* tor Uieoonetmetlott o f Re entire line
$'180,100. Bgalust #272,-100 in 1891.
of .ton..!- track .-b-.-tRo railroad between Chicago and 3t. laiui*, a
C h ic a g o I t s c It in la n d A P a e lite ,.—t S t' ito/ij—LrvR o r 1t<i.vri. - di-iai.,-.- of -Jr* mdc<, iimtlvi' power to be gi-m*rated from threo
Owns from Chicago to Council Bluff-. 401) rnlb-s; Davenport, 1st, to u t i t l o n s . Weliinfftnn t d i i m * . (ie w r a l M u u u v r r . m l M k M o .
Atchison, Kan.. 342 m ile*; Elmwood, Kan., to Liberal. Kan., 440 in lle*;
C lt le a g o St. l,o u | * A t * u i« U u r g . —Bee F im *. Cn*. Chic . A- Ht . I *
Hcrtmrtnn, Kitu , to Mineo. 1 T.,217 m ile ; Horton, Kan., to Ru**c<-U,
.
C h ic a g o S t, P a u l A K a n . C it y .—B e e c i u e x o o o k k a t W k s t k i o * .
CoL, 599 miles: McFarland. Knn.. to Belleville, Kitu.. lr tl miles;
branches, 524 miles: grand total owned,2,723 mile*.
C h lr a - x o s t . P a u l »tloi»<-*i»**ll* A O i a n t t a , — /S e e M an C h im g o
Leasee; Peoria A Bureau Valley Railroad, Bureau Junction to Peoria, \ t v,,r//..s,s<,r,< ; —R otn . M iiu lino—Elroy, Wi*.. to Omaha, Nub., 593
47 m ile*: Keokuk A D «« M oinr, Raiironil. Keoktik to Item Moim *. Ilk ** ) imb-s; other lines. 883 ration total. 1.181 miles, o f wlii. U 1,370 mlm*
De<* Mol tic* a Fo rt Dodge RnUro.id. D r* Moines to Fort Ibsiyc and ! are own. d, 60 miles leased and 42 mtlee proprietary road.
RuUi. cn, 144 miles j total leasiul, 303 miles,
I tfw T im r.—'T his was a consolidation July, 1880. o f the Ciiloago 8t,
Leaeee trackage: Cameron to Kansas c ity . Mo. in te r Hannibal A 8 t Paul A Mtnimapoil*.the North tviscmsln and the ML Paul A Sioux City.
Joseph RiiUrwnl); Conm ll Bluffs to South Omaha, Lim olu. N.-i... to
In November, 1882. a controlling Interest In the slock was p ore line <d
BratOM, S i« l. Kansas Cftv to North Topeka, nod Linton. COL, to i for tin; Chicago A NortliwreterB Railway by the acqiifaltltra o f 93,2lO
Denver (over Union Pocitic rtr*Ur*w*d>; Denver to Pueblo (over Denver |shares o f tximmon and 53,300 shares ol preferred.
& RtoUramtei. total 3T.s ndlre; grand total April 1. I w L 3.4JM? nut***.
Exteuniou thHMffh Ind. Territory under eonstm nion. V . 31. p. 4 «2. I HfOCK.—AutlmrUod common. #21,403,293! preferred, $12,610,833.
- Preferred »t<irk bn* a prior right to mm cumulative dividend o f 7 in f
HwT.m t —Tlie Chicago A Rock Island Railroad wa* chnrtensl i cent; but wm iimn I* never t « receive more than 1* paid on preferred.
In Illinois Pe'urimry 7, LS5i,.aud oponed from Chicago to the M i..*..!ppt
River, July, 1S54. Tin* present Chicago Rock tstaml A Paclde was « • DivtfiKHiw. -On preferred stock: From 1331 to 1884, Inclusive, 7 per
eonmUdatioa June 4, I#S0, with #3®,p*>:».oot) stock aatborlxe*!. mid » ! .-cut: In 183-5, 4 :k ; from i« 8 (! to 1Sum, inclusive, 6 tier ren t: In 1H39. 3;
•toek dividend of 100 per coot to the holders o f Chicago 8 « « k island I to 1890. I; in 1891, i: to 1892. Jan., 3; July, 3»3: in 1893, Jan., 3>s p.o.
A P»c!He. -tock. The Cldcncn Knn.«t* A Netifaska thcretofure teasel | 8-<sns.—In 1892 consol* L«r $317,000 were i-sned. There are also
was purchased at foreclosure rule in April, 1801, and Is now owned iu i #73,000 Mioneapells Eastern l« t m.. guar., 7*. due July 1, 1909.
f « « simple. See V. 53. p. 223.
Lx HP*.—The land * » h - In 1892 were 22,875 acres, for #61,569, In
DiviOBKJ**.—In 1390. 8% cash and 1(X> r*er cent In stock; from cluding lo ts; land contract, and notes on hand December 31,1892.
1881 to 1887, toelm dro,?; 1u 1839, «> *; tn 1939,4; to 1890,4; In 1891, $61X1,313; lands m»dl*po*«d of, 474.797 sent*.
3; lu 1892, 4; in 1893. February. 1.
L atkst E u i vis-,,*.—From Jan 1 to Jan, 31.1893 (1 mo.), gross earn
P M C «O r « t .x :K ,- lB 1885.1 » 5 » l 3 « t lit 183(5, 120'<*»13t; lu 1887, ing* (partly v tlm a tc d ) were #631.728, against #630,029 1 1 1892.
1
109>140 ta : to 1383. SUV? t i t 's ; In LAW). » :')% * !rttA.; In
ANSI' vl RKPOBT —Report tor 1892 wa* iu CllkOXlCLK, V, 50, p, 461.
iu tR91,(J3Ass90*«; in 1892, 7j*s < »» I >« ! « I9!W, to .March 17.
1891.
1R00.
1892.
tnclnrtve. SON, 889%
Passenger earning*................ , fi, « 7 7 ftao
$1,950,982
$2,133,338
B e » w — The extension and collateral trust 5 per coot botwl* (trustee Frelsrtit........................ ........... , 4,813.392
0,089,915
5,718,281
o f murtgage United States Trust Cmnpaoyi are issued at the rate of Mall, express, &o................... .
372,389
340,040
325,798
#45,000 per in do for single (rack, # ‘,.IM« <jwr tail*! oddltlonttl for
Bleat and #7,500 fur second track. They are secured by the
$9,190,042
Total gross earnings.......... .#0.848,320
#8,021.312
direct! Hen o f a flr*t UKirlgftxc nr by dcisislt with the trust,*" o f an coaai Operating expenses and taxes . 4,788,509
5.440,114
0,368,296
amount of hretioort. d p. *i, bowl* o f branch U «— . After July 1. l * d .
they aro redTe at lOfi in the order o f tbelr numbers, lwglroiiug with th «
$2,828,010
Net earnings .................... .#2,059,751
$2,573,198
iowcet. On Feb. i, I 893,th ere were #33.777,990 o f t h e : bond* out Net rental-* paid .....................
02,072
85.422
80.021
stamltog, and #213,(M<0 bail i— n n atnM svl for (bn sinking fund: of Net Interest on debt............... . 1.280,228
1.340,827
1,346.782
t a « totol originally sold #;J«.933,0*W were Isaac*! at flS.oOO la rm ilc Dtv. on pref. stock.................. .(4)4.50,272
(7) 787,976
(3) 502,840
onfjo ttd m ttta at tnm kt #1,2(19,909 for Kansas U t r tcnulnal property Loss on prop, mails................
J0,072
34.524
7,309
and 8*;,*57.*!*>:) for eqnipioeirt, 8 ««u io rt»*g 3 abstract, V, 47. p. 200.
Tlic del.-rl«nr<,* o f i 34*1 (C 8. Trust Co., irusp-.u were (s*nWl to par Surplus o f RR. Co.... .............. #230,520
$500,692
$.559,538
f«r te rm lu »l« and betterment* » * needcil The Issue l« for #10,900,(WO Net from land sales ............... .
31-8,408
586,784
4*18,728
and the bonds are redeemable on notice any coupon day at 105.
GKVKitu. F i v a s c R s 'T he Burlington Cedar Rapids A Northern. «
$935,100
$1,028,200
Total surplus..................... #823,301
•Onstderable amount of whose < «« k 1* hold by fcmk iahtnd. b* an - ( V . 5 2 , p. 2 9 3 , 1 6 1 , 5 3 4 , 8 3 2 ; V. 5 4 , p . 5 S 8 ; V. 5 6 , p . 2 0 5 . 4 0 I.)
* sblcbds hi January. 18<*;t; see that company. The r«ifgtu i(*»tlou
rh le n s ro A- S o ilt lie a s le r n —Qiierntcs from Anderson, Ind., to
XiimeapoHs A St. Isulis -wbU-b ace—will also Increas*:: the I !<«•](
Islaad * nsitckasaeis. In 1**2 for the extension lu the Indian Terri- Urn.-it, Ind,, l<»fi mile*, of which 12 miles. Wnveland to Land Creclt, is
tory, » « d f.,r em im a«n t, #2,774,090 extension and mdutoral trust 5s trackage over 8t. L. Van. A T. 11., leaving 94 miles owned. Formed Id
were issued, while # t.lHKUIO*! debentitros wore sold for i-pprevu 1891 to succeed Midland o f Indiana, reorganised. The Midland of
ments. etc.
In kabruary. 189.1. #1.001.000 a Idltlonal extern aid ludiann mortgage (ttnaatned) has been llmlHwl to #375,000.
,lftt tenet ua were sold fur eipttpment and for new road from Lind i l e a g o A H oIIIII H ide R a p id T n * n « l t , —(“ V lle y K le x a t e d .n )
flolb. Neb., to Jansen. Nob., 52 mite*.
-O wns le.VMtod r<<ad hi operation tu CUIongo, extending from Con
R * Asian*. - From April 1. 1892. tn Fob. 2 «. 1893 (11 month*), pro
gress Street, through the alleys In tin* middle of each block, Wabash
A ve.. and State Sf,. etc., to 55th 8 t„ about 5 H miles, Tim road will run
S fS fl
tn tdB l1oil
• * * ,“ ** *be aatiuuited g ru * earning
to.tbe World’s Fair grounds. Stock, $7,500,000; par, $100. Mortgage
K
*
9
JNYESTORS’ SUPPLEMENT.
[You LVi,
March, 1893.J
RAILROAD STOCKS AND BONDS.
41
S u b s c rib e rs w i l l c o n fe r a great fa v o r b y g l r t a g Im m e d ia t e n o tic e o f a n y e r r o r d is c o v e r e d i n tliese T a b le s ,
" Bonds—PrlnolIN TE R E S T OR DIVIDENDS.
RAILKOADS.
Miles i Date Size, or
pal, When Due.
For explanation of column headings, Ac., see notes
of ! o f
fa r
nnr3£53ini» Rote Per When Where Payable, and by stocks—Last
on first page o f tables.
Road. . Bonds Value. Outstanding Cent. Payable
Dividend.
Whom.
Chic. AS. S.Hapid Tran.—la t M.,g.,s. f. Hcetext-e
General inert., $5,000,000, 1st on extensions —
Chic. U n.Trans.~Sfk i$1.0 0,000 is pf.}.5 p.e.,eoin.
Chic. i£ 1
fiat. Indiana—Stock..................................
1st M., gold, 3. f,, subject to cull at 105............. e*
General mort,, gold, slaking fund, red. at 10 >..(•'
Chicago <t West m ehm att—
SUwk.............................
Grand Rapids Newaygo 4 ta k e Sit. 1st M.2d Die.:
Chic. A West Mich, general mort. i$l J.tkXip.m.) ,e‘
Chic.A So. Mich, l i t M.,.guar.,*1 8,000permOe.e*
Chippewa ra U e y -U tS t..e .,$ A £ tor $1300,000 c*
Ohocictw Coed d TCy—1st St.,gold,$20,000 per mile.
Receiver's certificates....... .................................
Cin. Dayton & fronton—1st SC., gold, guar. p. A 1. c‘
Cincinnati Hamilton if Dayton—Slock , ................
Pr, ■
:
.
do
“ E a g le " .....................................
Consolidated mort. $ * £, sinking fund............. . c
do
do .....................
er
do
do
.....
..c '
-ei.oml i o M r i g o l d ........................
6*
General m ortgage,$7,800,000,gold... .......... e'
Cln. Ham. & t. (Junction! RR.. 1st St. guar. p. A 1
.
ObM. Jackson & ifu e k itu v c -i 'apital stock... ......
1st mortgage for $4,800,000. void. ... ...........e*
Oinemnatt Lebanon tt Northern—Stock ($1,000.000) ‘
1st mortgage.........................................
e
Consol, mortgage for $500.000........ ..............
Non-interest Sieartn.s certificate*.......... ..............
Cincinnati a M m klngum ralletf— lock ..............
S
1st mortgage.................
c
Cincinnati S a c Orleans .< Texas Pacific—Stock...... 1
■
Car trusts on duly 1. 1893..................................
... < 1889
. . . 1893
$1,000
llO
' i s : ;;;;
48 1879
48 1882
$7,500,000
...........!
5 g. A. A 0. N. Y ., B'k o f Commerce, O ct 1, 192©
19335
I ......
2 0 0 0 OOO i
5,’oo0,000 i Various .Various
1,000
1,828.000
6 g. M. & S. N. Y „ Drexel, At. & Co.
1.000
8,396,660 i
6 e . Q.—M.
do
do
io o
7,418,200 See text. F. A A. Boston Of.. 50 State St.
.. «..
10 1875 500 Ac.
19,000
;J. A D. N .Y ., Un. Tr. & Boston.
7
482 1881
5,75s,000 I
1,000
J. A D.
do
do
5
1,000
93 1891
1,667.000 .
M. A N. Bost'n, Nat.Webster Bk.
5
47 1888
1,000
. A J. N ew York and London.
f.
I g.
1,000 : hynotheo’t’d
65 1890
..............
A J.
6 «■
!J' 5t 10,000
97 j 1891
1,000 ! 3.500.000
140 1891
5 g. 51. A N. rar.Y.,i f easierACo54Wali
100 4.000.
000 text. Q.— F.
See
Cincinnati.
ioo | 1.000. 000 4 per an. Q.—J. I
do
100 .
595,900 4 per an. Q.—51. 1
do
60 1875
1.000
996.000
7
A. A O.N.Y.,KesslerACo54Wall
60 1873
1,000
1.371.000
A. A
<>
.
do
do
6
1,000 :
60 1875
133.000
A. A
O.
do
do
5
69 i " 7
1 ooo . 2, 000,000
J.
do
do
4»se. J. A
60 I
1,000
3.000.
000 5 « . J. A D. N .Y , Blail'A Co.. 33\Vail
99 ll7 3
1.900.000
1, I 10
7
J. A J. N.Y.,Ke#slerACo54Wall
100 16,000,000
331
1.000
1892
331
4 g. J. A D.
4.000. 000
New York.
100
992,(»00
i.ooo
38 1886
200.000
J. A J. Cinn., Fourth Nat. Bank
38
M i. 8ept.’92i
172,4 to
50
3,997,320
148 1870
1.500.000
7
J A J. Jan..’ 87, coup, last paid.
3.000. 000 8«e text, i ......
336
Cincinnati, Co.'s Office.
* «8
r.
351.696
..... 1
do
do
Aug. 1, 191S4
Dee. 1, 1932
Feb. 15,1893
June 1. 1905
Dee. 1, 1921
May 1, 1931
Jan. 1, 1929
Jan. 1, 1920
(!)
M ay 1, 1941
Feb. l , 1893
Apr. 5, 1893
Mar. 1, 1893
Oet. 1, 1905
O e t 1, 1905s
Oct. 1, 1905
Jan. 1, 1937
June 1, 19421
Jan. 1, 1903
June 1, 1991,
Jaii‘,1916.
Jan. 1, 1901
Oet. 19.1891
1894-7-6
of 1889) trustee, NnrthernTruM Co. of Illinois, was to cover road from trolls. Hu-nilton to Indianapolis, 99 m iles; Cin. A Dayton, Ham ilton
V
Can Bures Street to Blxty-asrontb S treet The bond* are redeemable • to Middletown, l-i4 m iles; Cincinnati Dayton A Chicago, Dayton to
after Oet. 1,1899. at 110 and interest when drawn by lot. On Feb. 16, Delphi)#, 95 miles; Trov A Pitjua, 8 nates: Columbus Fiuulay A
'
iles;
1893, stockholder* voted to issue $3. -06.000 bond* for extensions. Northern, DoMiIer to Findlay, 18 m....... Bowling Green R. It,,
IP
..........- .
There will bo a general mortgage on entire road and Brut lien on new ! Tontogany to North Baltimore. 21 miles- Total O il miles. Owns
lines. (V. 50, p, 331.)
i lolntly with Big Four the Dayton A t ’ nion—which see.
C h ic a g o A W e s t e r n I n d i a n a . —Owns from Dolton and Urn j IltivroKr. E t c .—Company chartered in 1846. Main Hn« opened i *
mend, 111., to Chicago, with a belt railroad and imtnohe*. with ware j 1851. Ls-asetl Hue# added at various times since.
houses, elevator, Ae.. four main track-, aggregating 100 miles, and with
In 1893 company w ill sequin- the. IndlanapoUs Deoatar A Western
tidings, 173 mites Of track in all, Including 2d. 3d, 4th and siding a t < ! Ruiln-art (which see), a large interest in the Cleveland Lorain A
(of which 86 r a t e are leased to Beit RaHwaY o f CfMeagoi and nootit Wheeling, 104 miles, was acquirwl in interest o f C. II. A 1). In March,
800 aeres at real estate. L ease* road and terminal facilities to the I 1693. V. 56. p. 463. Bee also Cincinnati Jackson A Mackinaw.
'->-..'.■8.'',.
.'IV . .V
.
1 ir.;;8 .
i A K r-t.-m Cliubt I Brook, Boxes, Ac,—In May, 1892, voted to Increase common stock
the Chicago A Erie and the Louisville New Albany A Chicago feoehof ; by $ 1,000,609 for extensions, double track, new equipment- and fund
which nve companies owns $1,600,000 *toeki, and also to the Atchison ing floating debt. Also to issue a general mortgage for $3,000,000; the
Topeka A Santa Fe and the Belt Railway ; the annual rental• provided • supplemental deed provide* for the i ssue under this general m ortgage
by the bsaeee are to exceed by at least 20 per rent tbo annual interest i o f f t . *00,000 additional bond* for the sole purpose o f retiring the
on bond* outstanding.
! prior ileus at maturity, a cl stipulate# that, at maturity the prior bonds
Ca p it a l Sto c k , $5,000,000, ail owned a* above stated. Dividends shall be paid and nut extended; trustee. Mercantile Tru-t Company o t
have been paid at irregular interval*, the rate in 1892 being 6 per eeot j New York. The m ortgage cover# tire perpetual lease o f the Dayton A
Bo.vos.—Sinking fund payment* (amounting in 1892toabout $125,000) ■Michigan, tic- profit# under which are large. V. 54,799; V. 55, p. 373.
In April, 1891, the Cl nciitnati Dayton A I run ton R.R, (which #ee>
annually retire a portion o f the first mortgage la nd* at 105 and inter
est, ami after they are $U drawn the, general mortgage bond* become was leased for 90 year*, it# bond# beltus guaranteed.
Company own* $700,000 Cincinnati Hamilton A IndlanapoUs boiida
subject to same sinking fund and will lx; drawn at mime price in «neh
annual amounts as w ill retire the debt at or before maturity. The not included In amount outstanding above.
bonds cannot be retired in any other manner or amount. In January,
D iviokjow on common stock since 1 8 8 2 -In 1883, 9 per omit; In 1884,
1893, $652,000 new bonds were issued for improvements, Ac. V. 54, 0; In 1885,6: In I860, 7; In 1887. 6: in 1888 and 1889. nil: in 1890,
p. 70I. R epo rt for 1891 was in V. 54, p 1009. (V, 53, p. 250; V. 54, 5 per c en t; in 1891, 5; In 1892. 5; in 1893, February, l>,i per cent.
p. 725, 701, 1008; V. 55, p. 373, 1030; V. 30, p. 373 I
Dividend* on preferred stock from January 1, 1883, to July, 1886, at
C h ic a g o A W e s t M ic h ig a n .—Owns from Lacrosse. Jnd„ to rate of 6 per cen t; from Dec., 1886, to date, at rate o f 4 per cent yearly .
Traverse City, 301 miles; Allegan to Pentwater. 98 miles; Big Rapids
A sttfA i, R e po rt .—Fiscal year end# Deo, 31. Income account for 189k
was In V. 54, p. 924. Earning* have Ixxsn as follows, tho interest on bon da
in 1891 including interest on the C. II. A IP's own bonds, $283,790;
on Dayton A Michigan bond*, $137,460; on Cln. Ham. A Bub bond*.
0KO A8I2AT1OK, SrtXK, ACe—Successor* o f Chicago A Michigan Lake $126,000; and on Cm. Dayton A I ronton bonds^ $39,200 1891.
Shore January 1, 1879. Consolidated in September, 1881, with the
$1,658,818
$3,808,451
Grand Haven Road and the Grand Rapids Newaygo A Lake Shore. OroM ea rn in g*..............
Stock Increased $725,000 in September, 1892, to purchase the stock o f Net earnings ...........................
$1,681,641
$1,519,812
the C h icago *N o rth Michigan—whose $1,675,000 first mortgage bonds Interest <>« bonds—.................................... $828*630
$566,450
are endorsed with a guarantee o f principal and Interest, m m V. 82, n. C, H. A D. dividends...................................
203,785k
200,874
427 and V. 55, p, 100, 297.
D. A M. dividend*...... .................................
175,339
180,786
Divtr.xwn* since 1886—In 1887, 2 H p ercen t; In 1988. 2; in 1889, 2 :
i
It, 1390,3; in 1891,310; In 1892, Feb., 2; Aug.. l>t. in 1803, Feb., l ‘< Balance, anrpltu.......................................... $554,909
,
$670,023
per pent.
- I V . 52, p. 534, p. 80, D39; V, 53. p, 125; V. 54, p. 287, 799, 924, 905,
L x tS jg R AB sm i*.—January 1 to January 3 i. 1893 ft month), gross 1017; V. 55, p. 145.215, 373, 639, 1110; V. 56, p. 81.240.)
$127,879, against $117,187 in 1892; deficit, $1,875, agulntt $18,198
C in c in n a t i In d ia n a p o lt a M . L o u t * A c h l r a g o . - t o Cleve
neb charges, $32,502. against 822.169; balance, doth-It. 8U.377, against land Cincinnati Chicago A 8t. Is)ul«.
deficit *3,971 In 1-992.
C in c in n a t i J a c k s o n A J ta c k l n s w , —Owns from Carlisle, O,,
A x s o a i . SttrokT.—Report for 1892 was in ( riaoswt.K March 25. '93, north to Addison, Mteh„ 190 miles; Allegan to Dundee, Mich,. 138
•how.tn'ggross carefags, $2,032,540; n et.$527,135; char m , $3Os.032; m ile#; branches. 3 m ile*; leases trackage Dundee to Toledo, 23 mile# ;
other payment#. 95.202; balance, sundus, $213,231; diyidends. totol operated, 349 miles.
$211,296. In 1891 gross earning.-, $1,737,553; net, $525,753; Interest
HisroRV.—Thl# railway company succeeded on April 1,1893, s rail
1 ---- - - 7 ;J
i.t„.
- • .. - .
- (v , ■
dividends, $232,337: surplus for Tear, $18,265. IV. 52, p, .»33; V. 53, road company o f same nanio. sold In foreclosure In 1891. !V. 53, p.
520, 753,922.1 Plan o f reorganisation wa# in V. 53, p. 125. Road was
p. 156, 187; V. 54, p. 6 42, 809; V. 55, p. 100, 255, 297.)
to be teased tor 99 years to the Cin. Ham. A Dayton, but an inlunoC h M t a w G o a l A R a i l w a y . —in operation from Wlsrer. fndlsn tlon lnterferred. 8eo V. 55. p. 1110. Case v m appealed In 1893 V.
Territory, on at. Lonta A San Francisco Railway, to South McAlester, 56, p. 2 t 6 ,463. The «ujpiiM o f $800,000 bonds would permit o f ex
Indian TerTitory,on M. K. A T . 6 » m iles; Fort Reno to Oklahoma City. tendon*.
32 miles; total, 97 miles. Holds valuable coal lease*.
E a k m s u s .— From July l , 1892, to Jan. 31. 1893 (7 months), gross
Bonds for about $2,000,000 were p le d g e d fo r loans. Stock outetand $445,406, against $129,509 In 1891; not, $120,729, against *113,575.
In?. $3,750.000—par. $50. Car tn w t 0 per cents, $200,000. E . P.
For year ending June 3 0 ,1892, gross earning* were $090,588: net*
'* bur o f Philadelphia was chairman o f reorganization committee.
*172.884; taxes. $44,400; rentals, $18,811. in 1890-91 gross, $724.On January 8,1891, Edwin 1). C'badlck and Francis f. Oowen were 972; net, $178,737. Walston H Brown. President, 20 Nassau Street,
appointed receivers, and $500,000 receivers' certificate* were issued. New York. (V. 54, p. 33, 119, 287, 133, 485, 1017; V. 55, p. 145, 639,
The receivers' report in May, 1891, showed total indebtedness $2,766,- 1110; V. 50. p. 240, 403.)
0 0 0 roa<t con stru ««d 103 mites; road operated 65 m iles; ,Vprtl gross
C in c in n a t i L e b a n o n A N o r t h e r n . —Cincinnati,0 .,to Dodds,O.,
earning* $56,947; n «t. $24,480: coal shipment# 000 tons doily. In 36 m ile*; branches. 2 miles; total, 38 miles. Tills company wo# form es
May growl earning* were $67,252; net $*29,207. tV . 56, p. 205.
In 1685 a# successor o f the Cincinnati Northern, soul In foreclosure.
C lo it im a t t I l i i f l m i A I r o u t o n .—' <tee map C incinnati Hamit Consolidated mortgage bonds for $600,000 were authorlrcd In 1891,
k m a D a y to n .) Operate* from Dayton t o fronton, Ohio, 162 m lb*. but none Issued to sep t 1, 1892, In 1891-92 gross earnings were
standard gauge, o f which 8 mUes la-tween Bakers and Byers and 12 I $132,040 (against $130,281 in 1890-91); net, $43,637; surplus o ve r
miles
I-V,,I frct.'oTi -(JrS-i
... : : :i! i,.v 1 charges, $28.30*. (V. 53. p. 569.)
;.«
tro m Wcltetos to Buekeyo Furnace. 12 miles, and coal branches, 10
C in c in n a t i A M u s k in g u m V a lle y , —Owns from Morrow, Ohio,
miles; total owned, 105 miles; total operated, 18-1 utiles.
to Trinway, 0 „ 14* niUm. Sold under foreclosure December 3.
IfrsTi.Kr.—Suceccdcd to a portion of the Dayton Fort Wayno A Chi i860, and reorganized as at present January, 1870. Gross earning*
cago sold in forertamtte Jan. 20, 1891 (m e V . 52, p. 164). L eabf.I) in I in 1892, $470,077; net, $59.503; Interest on bonds, $105.000; other
April, 1891. for no years (renewable forever) to the Cincinnati lluinll Charges, $23,205; dciic.it. *66,702. Amount, due Pittsburg Clnoiunatt
ton A Dayton, which guarantee# the bonds, principal and Interest, by I A St, Louis, former lessee, December 31,1892. $1,081,013, and for oouondorsemenf, and will turn over one-half tbo net income remalmnu . ons up to January, 1893. #631,505. In December, 1892, coupon dueafter the pay moot of ttpersttlng expense*, taxes and i.ritore*t. See V. j unitary 1. 18*7. was paid. Capital stock, $3,997.320—par. $50—O f
tt k iM E u tx ix .w for 8 in >nth«
which Penn Co. owns $2,430,900. Pennsylvania Railroad own* $754,0 * . P- ->34. 680. Stock, $ M M $
wer* $378,805-, operating expenses and taxes, ; Oiki o f tho bond*. (V. 55. p. 1078.)
*277,847; net, $101,047. Office, No. 80 Broad way. N Y. City.
C i n c i n n a t i N e w O r i c a o * A T c x a # D a c l i i c .—( NA M a p .J— 0 » f i n et n n o t I H a m i l t o n A t l a y t o n .— itfre M a p ,)—Owns from Cin j < vnizatii •*.—Company organised under laws o t Ohio Oct. 8, 1881, ana
i
oronati, O,, to payton. O,, 6<» iniics; leases Dayton A Michigan, Dayton j Operates under h- c-e tbo Cinolunati Srmtbcm. extending from Cmto Tolfsio, 143 irules, and Cincinnati Dayton A fronton, liavton To cfnnutl to Chattanooga, Term., 336 mile#. In April, 1891L the in e *
Irotifon and Wrahchbs 184 miles. ControW Cin. Hamilton A Indiana- i Tennessee Virginia ,V Georgia obtained voting power on $1,000,000
f
Wasepi
Adrian
CassopolJs
White PIg(
Ashtabula
Deerfield
.Goshen
Stillwell
Valparaiso
'Plymouth
Liiburnl
Holgate'
jlumbi'a Gy
[untington
'indlay <
Is
rr.
Mariol
E.\Blw ood
“
Frankfort
{
N. <
Red Key;
Alexandria /&
Minster
Ridgevjlle
Andersorr
sfiln.
\S
Guion
iringfield
'airland
Franklin
Rushville
Washington
Bellain
2 A N e s v ,t\ U
p i
>
rV
Waynesbur
*
H
Lancaster^
^6r^»**~%Washington
^X/Grcensbtitgh
/Mingo Jc;
Cadiz
d
Allentown
vShelbyville
llraington
Gosport,
t e
i
i
London
Connersyilh
s
Wheeling
South
lharleston
imbridge Cyj
a
I
0 \> ^
lichmondij/New Paris
IAN A PO LIS
L o « is
imberlan;
M ^ iy s 1 " I
^
’M t RINW AY »
Milfol
Centre
Xfrbana7
COLU M l
Piqua
Dunreith
f e
vV
New Castle'
Roachdal
Delaware;
^
^Troy
[Eugene
Brazil
H Layland
Bellei'diitaine^
l Quincy ( .
r
ersail]
Greencastle
Yellow (Jr.
.Canql Dover
^New'Phi 1
adelphla
-
Portlaudi
Hanford
Ndblesville
Gallon
Kenton;
iCelina
[avion
La Fayette
'Veedersburg
XYawferdsville’
Uppers” Bucyrui
Sandusky
Enterprise
[St.Johns
^Bayard
'eraon Jc!
Bluffton
Delphos
KingslaiuT
Delphi
Kokomo'
I New T
Leetonia »
AUiane^
v
Blufftoi
Attica
Plymoutl
INVESTORS7 SUPPLEMENT.
Wabash
P IT 7 8 ,
[Oxford
Ravenna,
U ke
Bolivar
Bradford
Loganspdrt
Wellington
/*
few London
NEW
LaketoiT
Norwall
Fostoi
Leipsicj Deshler
raven
Rochester
,Mercer
fBowlli
Greeil
IDefiance,
Warsaw
lence
Latimer!
Tontoj
Avilla
NoCdudsoiT
,Chajfrin Fall
Waterloo)
Milford Jc.
Goodlahd
Andover
Fayette
(South Bend\ ^
Lendvlllej
Idpesvllle
’alnesville
'M ariel
Clarksburg
-Pennsboro'
% Greenfield
Hamilton
^Parkersburg
Morrow
Bainbridge'W
Loveland
Columbus
Sullivan
Lawrenceburf
Worthington
>witz Cy.
Wemon
Sardinia
Newjtichmond.
?
«verto\
p
of
Georgetown
Mitchell
Gallipoli s*
K f p~
.Madison
Portsmouth^
.Sciotovil]
CLEVELAND, AKRON
m
COLUMBUS
R A IL W A Y & CONNECTIONS.
lronton
(The Mt, Vernon & Pan Handle Route.)
New Ab
is m tE
Johnson J
<
lvi.
MnyviUej
Washington
TH E
[V o l.
Bedford
OF
Pomeroy
Waverly
)vlngtoi
Seymour)
M AP
7 Hillsborough
Richmond Jc.
M arch, 1893.J
RAILROAD
STOCKS A N D
BONDS.
43
S u b s c rib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
RAILRO AD S.
For explanation o f column headings, &c„ see notes
on tlrst page o f tables.
Cincinnati Portsmouth d Virgin ia—Common stock
Preferred stock pare te x t)................. f .................
Cm. Richmond it FI. If.- 1st mort., gold, Int. gn.e*
Cin. Saginaw < Mackinaw—ls tM . for *2,009,000*.
C
Cm. S. t Cler, and Cin. d Sp r.—See Cl. C. Ch. dHt.L.
Cteeetand Akron it Colnmbus.—Stock',..................
General mortgage, gold {fo r $1,800.000).......... o:
Equip. Tr. A 2d JL, gold. red.beforotuaturlty...eCleee. Canton <t SoulA.—Common stork, $5,000,000
Preferred 6 imrcentstoek *10,000^000 (See text).
Cleveland A Canton 1st mortgage......................
Equip. Tr. A Improve. 2d M, <*2,000,000) gold o '
Coshocton A Southern 1st mortgage, gold..........
Wnyu«#burgh * Canton 1st mortgage, gold...... e
CL Can. & So., consol aiort., $26,000 per utile___
Car trust bonds.......................... ........ ............ ..
OUtx. Ctnn. V h .d S t.L.—Com. #t'k{$23,700,000au,j
Preferred stock, 5 per cent, non cumulative........
Indianapolis Ciuclu. A Laf. mortgage................ C
*
C. I- St. L. A C. eon. M.,rtrawnatio5. «.f 1 p. e.eGeneral U t M.. gold, &.f. 1 p.e., notdr*ti...... i.-.tr
Bet. & lad. 1st mortgage (partdue yearly)..........
Ctev, Col. Cln. A Inti. 1st M.. sinking fund..........
Con. mort. (see text) drawn at lot) if uust’mp’d
Gen. eumwri. mort, {$12,000,000} gold---- ,e* .fc r
Indian A St. I* 1st mort.. ia 8 ser. o f $667,000.c.
2d M. ($2,000,000}, gold, Indian;' p. to Terre II e.
IS.an.Cbie.A 8 t.L I d M.iCalro Vim A Chic.} g.c*
White Water branch. 1st mortgage, gold......e*
Spring. A Col. Div. (Col. Sp. A Cin.). 1st M .,«.c*
St. Louis Div-. (St. L. Alt. A T. H.) colt. tr..g..f,V r
Cin. Wall. AMfob. Div. 1st mortgage, gold— c*
Ponds— Princi
IN TE R E S T OR DIVID E ND S.
pal,When Due.
n m o m h L - B a t * Per " h e n Where Payable, and b y * stocks—Last
Outstanding Collt. p ayablu
Whom.
Dividend,
$1,566,000
594.000
1,800,000
1,680,000
7 s- J. A D. X. Y. Winslow, L. & Co. June 1, 1921
5 g. J. A J, N ew York and London Jan. 1, 1920
See
..........................
4.000.
000 text. Ann’ lly.1
1,76’.,000
5 g. M. a s. N. Y „ J, A, Horsey.
730.000
6 g. F. A A .'
do
do
4,151,200
8,643,274
A J. X.Y.,Knieherb.Tr. ABos.
2.000.
000 | g .
A O. Boston. Internut. Tr.Co.
1.065.000
5 sdo
do
A J.
600.000
do
do
A D.
200,000
do
do
A J.
do
do
„
6
M, A N.
* 134.371
28,000,000 See text. ! ’. A A. Drexel, Morgan & Co.
do
10,000,000 5 per an. Q.—J.
do
370.000
F. A A.
do
do
745.000
M. A X,
do
do
Q.~F.
7.790.000
do
do
* g‘ J. A .1.
1*29,000
do
M. A X.
3.000.
000 7
do
do
do
7 or
4.00
,ut)0 6 g* J. A D.
do
do
3.205.IHM*
J. A J.
do
Various
do
2.000.
000 7
6 g. M. A X.
do
do
500.000
do
do
5.000.
000 4
J. A J,
do
do
650.000
4 g. J. A J.
w
do
1.250.000
do
4 g. M. A 8c
do
do
M. A X.
lo.ooo.ooo
do
do
4.000.
000 4 gr J. A J2
t
8 J:
t
Oct. 3, 1892
Meh. 1, 1927
Aug. 1, 1930
July 1, 1017
July 1, 1917
1917
June 1, 1928
1942
Feb. 1, 1893
A p ril 1, 1893
Feb. 1, 1897
May 1, 1920
Aug. 1, 1936
Jan .'94 t o ’99
M ay 1, 1899
June 1, 1914
Jan. 1, 1934
July 1, 1919
Nov. 1, 1912
Jan. 1, 1039
July 1, 1940
Sept. 1, 19-10
Nov. 1, 1990
July 1, 1991
eluding Dresden branch) #887.945 net. #262.793; rentals, $39,583'
,
-** ' — - eud
i taxes, *35.851; Interval. *123,711; dividends, *50,000; capital expend '
......................
.
Itures, #10,813: BWanec, auridtt#, $8,835. In 1890-91 $902,336; net,
#239,380. ( V ,55, p. 5 88 , li l O ; V. 5 «, p. 87,331, 4X8.403.)
C le v e la n d ( a n i o n A S o u t h e r n .—f AYs Map.)—Owns from Cleve
land to Zanesville.O., 145 mites: Canton to SherttKlsvllle, 43 miles
Minerva Branch, 3 miles; Canton to Murks, O.. t! miles; chagrin Fall*
to Solon. 8 m iles; other, 5 m iles; total, 210 miles.
liis r o itr .—A eonseUilatlun in May, 1892 (V. 51, p. 844). T h e eon
-obduted eompsny comprise* 306 tulle* of main track, well equipped
with rolling *to<}k, aiiil Including all the terminal property a ; Cleveland,
Canton and Zanesville.
Bosns.—The consolidated company nssmued all ttie iiahiiiUes o f (lie
ConstUUoot companies, and has executed a eonoeUdated 5 per cent
mortgage for #26,000 per note covering i.ll the pretwny. In the
eompuny's tn-jumry July I, 1892, were #200,000 Cleveland Canton A
c
Soul hern l « t 5», $200,000 Ctevelaud Chagrin Falls A Northern 1st 5s
and $035,000 equipment trust uud improvement bond#, while bills
payable were * 8 «2 ),v ll, debenture bond* due 1806. $150,000, due on
Cleveland Wharf properly, payable In 1893, $"105,000. coupon notes
due ltt 1894 and 1896, #47,000. A funding plan was proposed lit Feb
ruary, 1893. (See V. 50, p. 246.)
BAUKIXO*.—From July 1, 1892. to Jan. 31. 1893 t7 months), gross
$575,809, against $447.121 In 1891-92; urt. $198,028 against #155,328.
*05.897
#398.031
t o o l .890 def.*46,i33
N et surplus......
a n n u a l Rf-POBT.—Fiscal year ends June 30. Report for 1891-93
was given at length to V. 50, p. 81, #7, showing g ro w earnings
—(V, 83, p. 288, 601,968; V. 85, p. 543.721,1034.)
$780,552. again-: .*660,668 In 1890-81; net, *263,611 l»g *t. $227,888)1
C in c in n a t i Ito r ts m o u lta Ac V i r g i n i a . —Owns from Idle wild,
<X, to Setotorllle, 107 m iles; trackage (Cln. Lebanon A Northern) Interest paid, *227,576: Imlanoo. surplus, #3«,03.‘>. (v . 51, p. 8 44 ; V.
to Cincinnati, 4 m iles; total. I l l miles. Ohio A Northwestern was sold 52. p. 350,939; V. 53, p. 250, 8 3C; V. 54,p. 844; V. 5(1, p. 8 1 .8 7,246.)
C le v e la n d C in c in n a t i C h i r a c s Ac H i. L o u U . —(S et M a p ,) —
to foreclosure March 13, 1» » 0, and reorganized. Preferred stock Is ee
tilled to 5 per vent dividends, then (summon u. 5 , thou both pm rata.
Tim lines o f thl* eouipany, elearty shown on the accompanying map.
From July i to Jan. 31, 1*03 (7 months;, gross uaruing* were $107.- are mode up a* follow *:
. directly ..........
Miles.
Owned . .
Miles.
121 .against #156,207In 1691-92; nut,#:»,209.against *27,437. In year
1891*92 gross earnings were *254,247; tic). #11,409; taxes, #5,925; Cleveland, O,. to Columbus, 0 .. 138 CHneimiatl A Bpringlteld Ity —
mlstellan on* payments, $9,054. In 1890-01 grogs. $234,192; net, Gallon, O,, to Indianapolis...... 203
Ltullow G rove to Daytou, O .. .48
Delaware to Springfield.......... 50 Celum. Hope AGrecush'gRR.-— 26
$24,600. (V. 52, p. 899; V. 53, p. 48; V. 55. p. 108 1.)
Trackage —
C in c in n a t i K l.h u r o n d Ac P o r t W a y n e . —Own* from Rich Cincinnat i to L a fa y e tte ______ 171
mond. tad., to Adam-, iml., 86 miles; leasee 5 mile* o f Pittsburg Fort Indianapolis to K. S t Louts .. 202 L.E.A w.,Laf.toTcm plct'n,Ind. 18
< Mubridge v. to N.Caetle.Iud, 14
7
Wayne A Chicago; total operated, ill milt*. Leased for 99 year* to Branch.....................................
Leased—e n tir e stuck ow ned —
B. 0 . 8. W. into Cincinnati.......
0
Grand Rapids A Indiana, the rental being not earnings. Interest la
naranteed by the leasees and by the Pennsylvania Company and Pitts rsn. in. Lafnyeao & Chic. By.— 50 Other track a ge.................... 5
Cairo Vincennes A Chic. Ry.—
urg Cincinnati Chicago A St. Louis Company jointly, tiros* curbing*
Total includ’ d in earn*.,. 1,852
la 1892, $406,602; net, #103.428; interest ou Imtirts, #120,000: rental, Cairo, III., to n ito n A Branch 207
Operated; earnings kept separate—
e tc .,#30,937; surpbl*. $5,491. Ih 1391 -gross, *452,066-. nut, $121,- Columbus Sprlugtleld A Cin.—
Columbus, O.. to BpriagtteW.. 43 Peoria A East'll Uy. (ft).—
840*
$1.70)1.313—par. #50, of which Penn. Co. own. *1,250,900.
White Water— H arflson, I mi., to
BprtTigtteld, O., to Pekin, 111..343
Total advances by guarantors to December 31, 1891, *1,172.247.
Hagerstown, ind.................. 62
Trackage to Peoria. Ill.......
9
C in c in n a t i S a g in a w Ac R a t k l r t a w Owns Dnrantl to West 011. Wabash A Michigan Ry.—
Kankakee A Seneca RR. (5)— 42
Bay City. Mtrti., 53 miles. Successor In 1m90 to th « Toledo Saginaw A
Benton liarb., Mich., to Rush.
Mt. Gilead Short Lino....... .......
2
Mackinaw. In October. !<;«>. leased till January I, 1920. to the
vlile, In d ..............
206 1 tun.t r ii. HR. (see that Co.). 4'
>ay
Chicago A Grand Trunk Railway Company. O f the $2,000,000 bonds Other line# m i.......................... 04 Truckage HL Cent. Iuto Chicago,
#32O,0o0 were reserved for new terminal-. extensions, Ac. In 1891
teemed and controlled,
gross m a d a m were #184.731; net. #-10,867; Interest on bond*. #84,- Ctnotn. giindnsky A Cleve. Ry.—
Grand total...........
...2,351
00O; dettelt ter year. #43.132. (V. 51, p. 645.)
SamTsky, O., to Dayl'n, O.eto.170 Double tr a c k ...........
C in c in n a t i S a n d u s k y Ac C le v e la n d ,—8« e C tevK L.tso CfN’cnr« a t i Chicago & St . Lotm .
o No debt, or iKtuds all owned by Clov. Cln. Clitc, A 8t, L
b Onc-hulf or more stock owned, or controlled.
_ C in c in n a t i A S p r ln a iic t d .—Operates from Cincinnati. O., to
The company is also one-fourth owner o f the Peoria A Pekin Union
Bpnugllcld, O., 80 Bille*, o f which 32 nithw arc leased from other tompanit-s. The whole t* learod and operated by Cleveland Ctmdtinatl Chi R y „ one-seventh owner In the Terminal Railroad Association of 64
cago A 61- Louis Company,„ giving them «..... into Onvinnutt and rtctmf Louis and t«ro-Ilfth« owner o f the Indianapolis Union Railway.
Hue ... _
aMMnrnttirufuflaM f
.... *■
*
B n r fm r , Etc .—A eon*o!ldatlon o f the Cincinnati Indianapolis Ht
Lout* A Chicago Railway Company, the Cleveland Coluuibus Cincin
nati A Indianapolis Railway company and the Indianapolis A 8t. lmnls
Shore A Michigan Southern. Stock I* $ l,lo 0 ,0 o o (par #50), vottng Railway Company, made in JuJy, 1889. It is mm of the so-called
w er on * b l 0,439 being held by trustee for < leveland Cincinnati Chicago Vanderbilt roads. Tius »t. Louis Alton A Terre Haute main Hue and
8t. U n it* . To Jan nary, 1890, the Cleveland Cincinnati Chicago & St. branch were purchased in 1990 for $10,000,000 o f 4 per cent bonds,
L«nl* hod advanced #2,951X1 4. In year ending Jui.e 30. l i l * , gross 1U 1880 m-(|Hired the entire stock o f thn Cairo Vinceuues A Chicago
Saniiogs. *1,190.410; net, #332.618; detlcit under Interest. Ac.. *13.137 and In 1890 l asrd the Peoria A Eastern (which see). In 1899 0)110
ractlcally absorbed tin- Columbus bpringtield A Clni liinBtl and the
,1 h r o i. A C n l i i m l . i l , H a l l w a y __ _ _ H op.) -O w n ,
Imdunati Sandusky a Cleveland The - ntirc common nock o f the
from l la iium. O., to Cclumbus, O., 144 miles; Dresden branch, Kllbuek
Cincinnati Sail nsfcy A Cleveland is owned and under a lease running
to Trio way ,34 mile*, and trackage, a rm . A Miwkinmtm V olley By.,
till 1969 interest is paid on its bonds uud dividends on its preferred
Trinway to ZanmvfQo, 10 tulle* 50 mile*; total, 194 miles.
stock. S e V, 51, p. 457, 608.
ijtrjo R T .—So]i\ In foreclo*nre in 1882, and reorganized under this
Ca p i t a l Sto c k .—T he consent o f a majority Interest o f (lie preferred
I ! l i 21 • ®n'*»ry, 1 M 0. In March, W92, persniw interc-ted in Ohio
,
M
stockholder* Is required before any new bonds can be issued or an#
soutuern ttctpjlrod control.
company has jin
It m o g s i,* —in 1888 and 1387. each 1% per cent; for 1888 and 1889. lease executed. According to Ohio statutes27.1892. On Jan.vllt-yeb!
retiring pnsfhrrcd stock at par after June
each 1 p. c.; in »890 1 p. c.; In 1.391 1 p. e, n, Nov.; to 1892, I ‘4 in Oct. th- common stock w «* * 20,500.000, atid it has h,;< 11 Increased 1,1890,
to pres
e-iS v f 's’~ T,,f B'lnlltoteirt bond* (authorized to a tots) o f #890,000, or ent llgnre to aeritilr stm-ks o f lim-s absorbed,, tc. Totul auth»rueu Ry
2
mortgage. They arc redeemable at 100 stockholders was #28,799,000 J uiy 1, 1892.
l^hmffrtter* art
nlft xy ° ' B ";-1 “ > » » » and interest on .my August
D iv iiis k im .—On preferred stock 1«* per cent- quarterly to date
i j j S S f^ U W B L g L
statement to S . Y. ktoek Kxchsngc On common, in 1890, 4 per cent (1 per cent being extra in .Tilly), in
1891,
in 1802. Jsro,, 1 >s p. e.; Aug,, 1%; in 1893,Feb., 1Hip. o.
o ? S o o w i r t i i S e d : V 56' p ' 87' ' »
‘ her’ 1802' « 130'000
PK1CEo p » t < ' k . ootunion—in )S89 5 8% to78i«;tn 1800.55*80Ml ti
h
A-1 ':i, ' ' :
.',f- 'o -T-m 3! 1 - - 7 n noth-.), cross. 1891. 56kt»74»a; In 1892,37 0 75; In 1»93 to Mar. 17 Inclusive, 46%
.
#090,409, against$502,072 In 1891-92; net, $134,436,agaln-t $151,133.
Preferred stork—In 1889,96 to 103J In 1890, 865*101: In 1891,
s;
. « K
, i !f ' T I r riic ,i i
ends June 30. Report for 1891-92,
with balance sheet, was m 1. 5 », p. f>88, showing gross earns, tin- 904 Us'a; In 1892, 01 k tt9 9 'i; In 1303, to Mur. 17 lnolaslve, 01 V#98%
■took, through purchase of a controlling interest In the Alabama Great
Southern, and company became a pari of the East Tennessee system
Bee Ciiaosicus, VoL SO, p. SCO; V. 51. p. 509. R e n ta l due th>
City o f Cincinnati, which owns the Cincinnati Southern. $812 000 til!
Oct. 12, 1891; *1,012,000 till G et 12. 1896. $1,102,000 till Oct. 12.
1901, and $1,202,000 till 1906. Claim* against the City are jwndtuv
See V. 55. i>. 721. Superior Court atcHnelnoatl in November. 1892, held
company liable for ilie par value and Interest of over $256,000 stuck
fraudulently loaned about lO yeur* before by * dishonest Secretary, On
March 19,1893,8. F . Felton, the President. v » » appointed receiver on
alleged insolvency. See Cukostcuc of March 25,18931 V. 53, p.
1034.
D iru w s o # since 188 i : In 1882. Ite p c r cent! In 1883, 3 i in 1889, 3;
in 1890, 6 per cen t; in 1891, 4 per cent.
L a t t e r E arnings .—J uly 1,1892, to Jan, 3 1 .1893 (7 month*}, grow
$2,469,829, agio. #2,600,258 in 1891-92; Bet, *583.264. ag«t. #773.f.03.
ANs ita l Repota*.—Fiscal year ends June 30. Report for 1891-92 was
in V. 55, p. 721
--------1889-90.
1800-91.
1*91 02.
1888-89.
G row earnings.......to ,653.359 *1,309. M l #4,379.143 #4JJ37,498
Net earnings....... .#1,145,250 -11.580,963 *1,334,640 81,137,6MB
#912,000 $1,124,121
Rental paid........... $012,000
*912,000
D ividend*...............
90, ooo
UO.OvO
00,000
180.000
Siuklng ftmd, etc
..77,35900.912
100,750
f
il
r
g
44
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MAP OF THE
CLEVELAND, CANTON & SOUTHERN
Railroad & Connections.
Hinton'
Geneva,
DixonI
3
Toted;
A m boy
Angola
^avenjjojy
JoHer
• SgOK
—
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'Galvft
N eelili
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llnonk
Mansfield
Wa b a s h
RAILROAD STOCKS AKD BONDS.
i f y\
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^ lE D IS O N
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/ Oliver
MARSHALL
v\ \ F E R rtE HA U T E
*b>Air ’k * r2 r
*
' N v J MART
®am*ey \
/ tv v nl,U)i
Wlnjfh&i
Aitftimnst
L«fc»>n
\
rSniiirtus
" f 7
WitmJ
'Chiiiicothe
ro\
j/
*\ C O L U M BUS
Worthi»ft*
TJonSHvule
iampoUr
'ort*mou!
Mltefeeir
C
entralis]
W 9irvlIU
M
»<
Greeoap:
flranh
Jjtt, Viera-*n
■
Potest
Pinckney
J v ffe m m V
isviitl
Du quoin
;Evan**iiie
Blmurck
i
s
Ironton
A,
> o
St»rln*tw <i
CLEVELAND, CINCINNATI,
CHICAGO & ST. LOUIS R Y
Point.
INVESTORS’ SUPPLEMENT
46
[Vou L.VL
S u b s c rib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
B d Princi
on s—
INTEREST OR DIVIDENDS.
Date Size, or
pal,^When Due.
Amount
Far
of
When
tock Last
s—
Outstanding Rate per Payable Where Payable, and by S
Cent.
Road. Bouds Value.
Whom.
Dividend.
RAILROADS.
on first page of tables.
1
C
levela d O C ic, d S Louis (Concluded)—
n in. h
t.
O b l i g a t io n s f o r P r o p r i e t a r y L in e s .
56
Cincinnati Lafayette A Chicago, 1st mort., golc
Cincinnati Sandusky A Cleveland— Pref. stock...
:
2d mortgage.......
t he
O ve Lor. < w e l.—
lepl.
e
Car trusts........................................... *......... .
C
levela ddM
n
ahoningY —1st inort.. e x t..... -C
al.
3d mortgage (now 2d).....................................o‘
Consol, mort. for $3,000,000, gold..............
O v d P .—Stock, 7 p. c. guar, by Penn. Co..
le c. ittsb
Consol, sink, fund mort. for $5.000.000,uot dr’n.c
Gen. mortg., gold (guar. Pa. RR.) series A , ..... o'
do
do
do
series B ..........
Constr’n and equip’t inc.,Ser. “A,” dr’n at 100 c
C
olebrookd le— mortgage..........................
a 1st
C
olorad M
o idland—see At. Top. A Santa Fe system.
C m d G ville— mortgage, gold........ <T
olu bia reen
1st
2d mortgage..................................................o’
C m A tch .£Laurens—
olu bia e .
lstM,for$12,000 p.m.,g
C mu dC
olu b s incinnati M
idland—Common stock..
Preferred stock (see remarks)....................
1st mortgage, extended, guaranteed..........
Debentures^ guaranteed............................
C mu H
olu b s ocking V lleyd T o
a
oled —Common stock.
Preferred 5 per cent stock, non-cumulative........
Columbus & Hocking Valley 1st mortgage......c*
Col. A Toledo 1st M. (Columbus to \Valbridge)..o'
170
js
48
158
1C4
i25
125
125
97
199
199
199
13
1871
....
1888
1871
1872
1878
1884
$1,000
50
1,000
1,000
1,000
1,000
1873 500 Ac.
1876 500 Ac.
1888 1,000Ac
1,000
1887
50
1867
1,000
1891
1.000
1892
1.000
1.000
1873
1868 100 Ac.
164
164
63
1881
1881
1887
1,000
1,000
1,000
71
1884
1890
1,000
12 i
118
'io o
100
1867 500 Ac.
1,000
1875
M.
M.
J.
A.
j.
A.
j.
2.000,000
6 g1,000,000
6
707,000
6 g2,000,000
1,000,000
2,000,000
4%
240,000
4*2
11.696.300
2.000,000 5 per an.
1.401,000
7
2,500,000
7
l.ooo
$792,000
7 g.
428,850 6 per an.
2,511,000
5 82,000,000
7
125,000
7
700,000
7
150.000
6
150.000
654,000
7 g487,900
7
1,500.000
5 g.
590,000
6 g.
11,236,850 7 per an.
1.645.000
7
3,000.000
4 ^ g.
436,000
4^2 g.
850.000
7
600,000
6
J. & J. N. Y., Cen. Tr.,54 Wall Jan. 1, 1916
A. & O Oct., ’92, coup, last pd. Apr. 1, 1923
.
J. & J. N. Y.; Balt.; Columbia. Jan., 1937
A S. N. Y „ Drexel, M. & Co.
A N. New York and London.
A J. N. Y., Drexel, M. A Co.
A O.
do
do
& j.
do
do
A O. N. Y., Un Tr. &Cleve’d
& j.
do
do
F. & A.
M. A 8.
See text
F. A A.
Q .-M .
M. & N.
J. A J.
A. <c O.
f
J. A J.
J. & D.
N.Y., Winslow,Lan.ACo.
do
do
do
do
N. Y., Cnyler, Morgan.
N. Y., Winslow, Lanier.
do
do
do
do
do
do
do
do
Phi la., Phil. &R. Office.
Sept 1, 1901
Nov. 2, 1892
Jan. 1, 1928
Apr. 1, 1901
Jan. 1, 1902
Oct. 1, 1898
July, 1895
Aug. 1, 1893
Sept. 15,1896
Jan. 1, 1938
Aug. 1, 1937
Mch. 1, 1893
Nov. 1, 1900
Jan. 1. 19-12
Oct. 1, 1942
Jan. 1, 1913
June 1, 1898
J. & J. N.Y.,Farmers’ L. AT. Co. Jan. 1, 1939
J. & J. Balt., B. &O. RR. Co. Jan. 1, 1895
J. i J.
N. Y., Co’s. Office.
Jan. 3, 1893
A. A O. N. Y.. Atlantic Trust Co. Oct. 1, 1897
F. A A.
do
do
Aug., 1905
B onds .—In 1891 $4,000,000 of 4 per ceuts were issued, secured by a cross earn in srs were $53,4.90. against $53,765 in 1891; net, $3,788,
mortgage on Cincinnati Wabash A Michigan. (V. 52. p. 718.)
against $11,840. In 189<K»1 gross $362,594, net $90,405. iu 1891-92,
There are $88,000 CoL Spring. A Cin "s still outstanding, for which gross $337,077; net, $79,320; interest, $45,606; rentals, $5,733;
s
$112,500 of the Springfield A Columbus Division 4s are reserved.
balance, surplus, $27,981. A. T. Wikoff, President, Cambridge, O.
The Cincinnati Indianapolis St, Louis A Chicago 4 per cent mortgage
C le v e la n d Sc P itts b u rg :.—(S
ee M Pennsylvania R
ap
fiitroad.
for $10,000,000 will retire all prior bonds as they fail due.
Cleveland, O., to Rochester, Pa., 124 miles; branches—Bayard, O., to new
Th. siuk.ng fund provision of the Cleveland Columbus Cincinnati A Philadelphia, 31 miles; Yellow Creek to Bellaire, 43 m.; trackage, Roch
Intdanapolis consolidated bonds of 1874 mav be canceled at option of ester to Pittsburg (Pittsb. Ft. Wayne & Chic.), 26 miles; total, 224 miles.
holders, ami the bonds so stamped. The principal of these bonds is
L ease —L eased for 999 years from Dec. 1,1871, to Pennsylvania RR.
payable in gold, but the interest is payable at option of lioldor either in
lawful motiey at rate of 7 per cent per annum or iu British sterling Co., aud lease transferred to Pennsylvania Co. Rental, 7 per cent on
existing capital (10 per cent on the old) and $10,000 per year for com
money at 6 per cent.
0,464.
Of the Indianapolis & St, Louis first mortgage bonds series “ A ” are pany expenses, the lessees assuming all liabilities. Scrip out. $ 1
J. A J.; series “ B,” M. & S.; series “ C,” M. A N.; and the $500,000 six
B o n d *.—The general mortgage is for $10,000,000. the bonds being
per cents are owned by the Pennsylvania RR. Co.
guaranteed principal and interest (endorsed) by the Pennsylvania RK.
The bonds of 1889 on the Cairo Vincennes & Chicago are nonds of the There is a sinkiug fund, but noue of this issue can be called for pay
Cleveland Cincinnati Chicago A St. Louis Co., but are secured by a mort ment. See V. 53, p. 639. 754. aud V. 54, p. 206. 1036.
gage made by the Cairo Vincennes & Chicago Company.
Iu rear 1891 the deficit to lessee was $14,795, against a deficit of
Of the $10,000,000 St. Louis Division bonds of 1890 issued to the St. $2,517 in 1390 and of $229,740 iu 1389-<V. 52. p. 80: V. 53, p. 639,
Louis Alton & Terre Haute in payment for its main line, bonds for 754; V. 54, p. 78, 202, 203, 206, 1036; Y. 56, p. 164, 332.)
6,700,000 are reserved to retire all existing liens on the road, and
250,000
bonds are held in a sinking fund tor the issue, bonds to be C o lo r a d o M i d l a n d . —See A tchison T o peka & Santa F e System .
purchased at or under 105 with the income therefrom—no bonds drawn.
C o lu m b ia Sc G r e e n v ille (S . C.)— eeM of R
(S ap ichm & Dan
ond
For full abstract of deed of trust see V. 52. p. 42-45.
ville.)—
company owns from Columbia to 'Greenville, 8. C.,
It is a question whether or uot the Cimiunati Sandusky A Cleveland 143 miles; branches to Abbeville and Anderson, 21 miles; total,
consols of 1888 are now a first lieu, certain persons claiming that the 164 miles. Also owns Laurens Railroad, 31 miles, and leases Blue
preferred stock is secured by lien of prior bonds iu trust.
Ridge Railroad, 32 miles, and Spartanburg Union A CoL R R , 69 miles.
G eneral F inance *.—On July 1,1892, there were outstanding $103,- Total operated, 296 miles.
425 bills payable and $360,000 equipment bonds. On Dec. 1, 1892,
H istory , Stock , Etc .—Sold in foreclosure April 15,1880, aud re
$294,000 Cin. A Ind. 7s matured aud were replaced by 4s of 1886.
organize1 Preferred stock, $1,000,000; common stock, $1,000,.
000; par of shares, $100. Due Rich, A Danv. Juue 30, 189 L, $492,604.
L atest E arnings .—For 7 months ending Jan. 3L results were:
All the common stock is pledged by the Richmond A West Point Ter
7 m .—
os
G s ea s. N ea s. Ini., rentals, d B surpl. minal Comuany, under its collateral trust of 1887, and in May, 1886,
ro s rn
et rn
c. al.
1892-93...........$9,002,881
$2,252,469
$L.545.070
$707,399
the road was leased to the Richmond A Danville RR. Co., whioli see.
1991-92........... 8,845,671
2,664,040
1,591,739
1,072,301 Interest due Oct. 1,1892, on the 2d mortgage was paid in January, 1893.
A nnual R eport.—Fiscal year ends June 30. Annual meeting is
E arnings .—In year ending Juue 30,1892. gross, $750,709; net, $153,held on last Wednesday iu October. See report for 1891-92 published 163; interest, $180,000; rentals, $77,987 ; balance, deficit, $104,823.
at much length with balance sheet, Ac., in V. 55, p. 57i , 589.
In 1890-91 gross $875,484; net, $223,984 (V. 53, p. 844; V. 55, p. 371 )
Y endingJune 3 0 ear
1889-90.
1890-91.
1891-92.
C o lu m b ia N e w b e r r y Sc L a u r e n * .—Owns from Columbia, 8. C.,
Mi les operated..................... .. 1,588
1,588
1,588
to Dover Junction, near Clinton, S. C., 63 miles. Lease to the receiver
Passengers earnings............ .$3,422,872
$3,824,201 of the South Carolina Railway having terminated, rosid is now operated
$3,649,505
Freight................................. . 8,598,838
8,608,219
9,129,417 by the Atlantic Coast Line. Rental, $3,993 monthly. Stock author
Mail and express..................
617,435
630,892
631,768 ized. $2,000,000 ; outstanding, $500,000; par, $25.
C o lu m b u s Sc C in c in n a t i M i d la n d .—Owns Columbus, O., to
Total earnings................. $12,639,145 $12,888,616 $13,585,386
Operating expenses and taxes . 8,739,182
9,193,992
9,838,542 Midland City, O., 71 miles. Opened in November, 1834. Affords the
Baltimore A Ohio a direct route between Pittsburg and Cincinnati.
Net earnings.................. .$3,S99,963
$3,694,623
$3,746,844 Stock, common, $2,000,000 ; preferred (non-voting), $1,000,000. In
Rentals..............................
265,513
245.S23
232,730 January, 1890, leased for 999 years to Central Ohio, by which assigned
Interest, & .........................
<
s
57,649
11,342 to Baltimore & Ohio. See V. 51, p. 718. The Baltimore A Ohio assumes
82,938
the Central Ohio’s guarantee of principal and interest of the bouds and
Total net income............ .$4,223,125
$4,023,384
$3,990,916 owns all the common stock. It also assumes the Central Ohio’s guaran
tee of 3 per cent per annum, payable semi-annually, commencing with
Interest on bonds................. ..$1,788,257
$2,123,303
$2,293,642 Jan. 1,1895, on the preferred stock, “ unless said stock be redeemed at
Rentals...............................
469,406
276,532 not less than its par value” at any time after January 1,1893. Gross
Dividends............................
1,318,322
1,340,000 earnings iu 1891, $343,003; net, $34,202; interest, $100,800; dettoit,
Miscellaneous...................... .
14,940
10,792
$66,598, against surplus in 1890 of $1,012.
t
Surplus..........................
$101,561
$S0,742
- ( V . 54, p. 276,444, 525,903; Y. 55, p. 374. 571, 589, 598.)
C le v e la n d L o r a i n Sc W h e e lin g :.—Owns from Lorain, O., to West
Wheeling, O., 158 miles, and branch to Bellaire, O., 6 miles,
and has trackage into Wheeling. Sold in February, 1883, aud
reorganized as Cleveland Lorain A Wheeliug. Stock .—Common, $1,000 c
000, and preferred $4,600,000; par, $H>0. In March, 1893. a large
Interest in the stock was sold to a syndicate interested in the Cincinnati
Hamilton A Dayton. Lake Shore & Michigan Southern owns $169,100
common and $774,400 preferred.
E arm ngs .—Jan. 1 to June 30, 1892 (6 months), gross $669,996,
against 8590,344 in 1891; net, $112,161, against $133,521. In
1891 gross earnings were $1,332,534; net. $323,363; interest, $58,000;
bal nee, surplus, $265,354, from wliich paid «m car trusts $76,000, and
for new equipment and improvements, $38,000.
Dividends on pre
ferred stock in 1887,3 per cent; in 1888, 2 per cent; in 1889 2 ner
cent. (V. 52, p. 830; V. 54, p. 923,1047; V, 56, p. 463.)
P
C le v e la n d dc M a h o n i n g V a lle y .—Owns from Cleveland, O., to
8haron, Pa., 81 miles; Niles, O., to New Lisbon, O., aud branches. 44
S‘
,‘,le?Aoti?
tl4l,operate?!
Lea®6*! t® tlie New York Penu. & oiiio
till 1982; tUe rental is $al4,180 per year, u f tile bonds of 1888 (trus
tee of mortgage Central Trust Company) $1,141,000 were reserved to
retire prior bouds m 1893 aud 1890. Coupon interest is J. w J. re-is/
“'oek is $2,759,200 (par $50), of wliieli $2,758,256 is held
V16 Atlantic First Leased Lines Rental Trust Co.,
Limited, of London, and dividends of from 11 to 12»s uer cent ner
annum are paid quarterly.
*
v
C le v e la n d & in a r ie tta .-O w n s from Marietta, O., to Canal
Dover, and branch, 9 , miles, and 8 miles, Valley J unction to Cana!
IHiver, leased. The road was foreclosed for the second time In May,
lo 8 'w
o“; ^ ^ ^ ^ t o c k . ^.ooO .O O O -par $100; ear trusts, June
SO, 1892, $1B0,( <9. From July 1, 1892, to Aug. 31, 1892 (2 mouths),
C o lu m b u s H o c k i n g V a lle y Sc T o le d o .— (S e M .)—Owns
e ap
main line from Pomeroy, O., to Walbridge, O., 250 miles, with trackage
(Northwest Ohio) Walbridge to Toledo, 6 miles; branches—Logan to
Athens, 26 miles; Logan to New Straitsville, 13 miles; Monday Creek
Junction to Nelsonville, 17 miles; others, 15 miles; total, 326 miles.
H is t o r y , Ac.—A consolidation in July, 1881, of the Columbus A
Hooking Valley, Columbus A Toledo aud Ohio & West Virgiuia. The
capital stock of $1,500,000 of the Hocking Coal A RR. Co., controlling
lo,000 acres of coal lands, was purchased in 1881 for $8,000,000. 'Jhe
company's guaranty of interest on the Toledo A Ohio Central 1st
mortgage was claimed to be void in September, 1891, by public notice
to the T.A O C See V. 53, p. 436.
. .
Stocks .—I n Dec., 1891, $2,500,000 i»ref. 5 per cent stock, non-cuitllative, was authorized, $2,000,000 being sold to old stockholders at
50; proceeds to pay $777,000 bonds due January 1, 1892, etc. The
preferred stock is redeemable at the option of the company at par at
any time after three years from its date of issue. See V. 54, p. 446.
Dividends .—On common stock since 1S81: In 1883, 2% per cent; in
1885, 13% in stock; noue since. Dividends on preferred: In 1892,
July, 2 ^ per cent; in 1893, January, 21
a.
P rice of Common Stock .—In 1885,183>43; in 1886, 267
8®451 in
«;
1887, 15 a
39%; iu 1888, 17 »3634 ; in 1889, ll@ 2 8 1 in 1890, 18^®
4;
323i : iu 1894-, 22a>34%; in 1892,27®40; in 1893, to Mar. 17, inclusive,
25a>32%.
B onds—Of the consolidated mortgage $6,500,000 was reserved to
meet the prior lieus; but iu 1392 $777,000 cousols reserved for same
amouut of ; per cents due Jau. 1,1892, were canceled, the 7 per oeuts
having been retired with prefsrred stock. The “ Hocking Coal A Rail
road” joined in luakiug these bouds. The Central Trust Company ie
trustee. The general mortgage of 1884 for $2,000,000 covers the road*
ami is also a mortgage ou the coal property of the “ Hocking Coal A
Railroad Company,” whose stock is owned by the C. H. V. A T.
EAJLEOAI> STOCKS A N D
/
BONDS,
l-* «i— f —
MAP OF T H E
'
.C O L U M B U S ,
Alexis,
HOCKING VALLEY
T O L E D O R’Y
Hum f
bx&orn
Lorivalk
Green Spring * AVC
Walker
Wellington
Republic
Slandcrf
^McCutebrnriUe
/Ottawa
€almnhmf
Gr m c A ^
\
fsiielby Jc..
Crestline1
w lc r ^ .
J lo r m l
Mercer
Cridemiile
j r - t r d
■ yA
»
yv^"
/
l W^MtoMU ^
SC
stjtor.l
y
1 S sm rw oir^tB
/
V : Kldifewav
y r
p
%
*
a^'.cton
/
\ Y
w\
\ /,
>
SdoavftldN
'
{ Uillerabarj
. /AKkenj-towB
/1*
^ M A R I O nW !!«,,
X l.v L .
/
T
Klllbueii
.1Fulton
& Mt-Vemoi
Belkfc-aEaim
\ U tm y
«* * ? * f«k
ferd Cws-
1*im Jc,
Janesville
Wataer*
<pri»gfi«ld
*
Parltngtoi
"* AiUonhamV^
ick>;yc'
inelvlllo
VoC
Alk-iH<
[ClflCkCVlLtC
lo g a
^ MUM ftAY CITY'
r P i
SOriilrton
'•BitmiU'l
CLSONVIkLC
tU rd p n vll
Onloe t arnicA
\
\
Sam lli
m
Surra
HtlUCOTMC
/
M cArlhu
MC AATMMfl&C
■/iron
C
ore
l
/Aibw r
H*mpAm 4c,
'.OCA.
averty
>% NH c*
POM EROY
x YVJ’AinLL.n
%VJntou
KhrrTk
LLI PO L la
SyBrightoa
.Leon
[Sctotovrite
_
¥ddkon v— r
•. PLEASANT
. f ail. **
Frankin f l
kFurnace § Calbei
%
Ltrbuckle
1 Grimm *8
I Landing
J Buffalo
Greenup*
Midway
►t e r s b u r g
c
^ eait
S
Grayson*
'
koion
Rlcbardacd
48
:INYESTORS’ SUPPLEMENT.
[V ol . L V I,
MiRCH, 1893 J
RAILROAD
STOCKS
AND
BONDS.
49
•subscriber-, w i l l c o n fe r a g re a t fa v o r b y giv in g: Im m e d ia te no tice o f a n y e r r o r d is c o v e r e d I n tbose T a b le s .
KA
i* ».
Bo»d.s~ITi«ol
IN TE RE ST FOR DIVIDENDS.
Amount
Miles Date Size, or
pal, When Due.
Outstanding Rate P er When W here Payable, and bv Stock#—Last
of
of
Par
For explanation of column headings, Ac.. see notes
Cent. Payable
Whom.
Road, Bonds Value.
Dividend.
on first page o f tables.
.
Columbus Hocking Talley t& Toledo—( Concluded) — ^
Got A To!. 2d mort. (Columbus to Walb rid g e)....
Ohio A West Va. 1st mort. (Logan to Pomeroy ) „ c
Consol, mortgage (for $14,500,000), go ld -.,....t"
Gt-n. mort.,gol(i,on road A HoegfegCoalA RB.Co.c
Oolnm. Shaw, d Boek.—Stock ($2,060,000 Is pnrf.)1st mortgage for $5,000,000, gold....................c*
Ea tniun't M-. sob. to call after ’i)fU $l ,000,000) g .c
Zanesville Tertu'l Co. 1st la. for $500,000,gold.c”
Sandusky * Columbus Short Line—1*t M „ gold.e*
Columbus Southern.—1st mtge., $12,500 pan. gold.
Columbia# <* Xenia—Stock, 8% per cent rental.......
Concord it Claremont (X . 11.)—1*1 mortgage....... e;
Concord <f Montreal—Stock. Class I. (B. 6. A it. p t);
Stock. Class II (B. C. A M. ne* •............................
Stock, Class III. tU. C . M . old stock)...............
Stock. Class TV. (Concord! $6,000,000. See text.
Best. Con. A Mon. eons, inert, <$475,300 are 6s,.e
Improvement mortgage.................................c
Concord * Montre«l«soiisoLmort.for$5,SOO.OOO.c'
Conn. £ Perms,*.—Pref. stock,5-6 p. c.ren’l,99yr*.o'
1st mort. (White Rlv-Juue. to Canada line) gokt.c j
Masaawlppl st’ fc, gnar.saa»e div. aa Conn. 4 Pass.:
Vcwjmrt * Riehfdrd 1st mort. guar, by C. & P c'i
Concord t Port#.—Stock,” p .c.n Pl.09 yr*.Conc’d .
Connecticut Btma— Stock ($2,070,000 autbortxtklL.
Scrip, redeemable In tea year* in cash or bonds. .
Connecting (Phila.y— 1st mortgage, endowed....... c
Cornwall it Lebanon.—Stock..................................
Old bonds nnexehanged......................................
New 1st mortgage tor $800,000........................ r
118
85
325
325
1880
1880
1881
1884
no
no
1890
1891
1890
1891
1889
4
no
88
55
71
....
1874
....
....
106
IMS
262
111)
37
22
47
so
1873
1881
1890
1893
....
1881
$1,000
i.ooo
1,006 .
1,000
1,000 ,
1.000
i.ooo
1,000
1,000
50
500 Ac.
100
100
100
100
200 Ac.
1,000
1,000
100
1,000
100
i.ooo
100
ioo
80
.1,000
7 1864
24
50
24 1882-9 100 Ac.
24 1891 100 Ac.
Company own* equipment coating over $5,000,000 free and clear of
oar trusts. A l«o equipment covered by ear trusts to a total of #457,000, interest B and 7 per c en t In November, 1892, company con
tracted for 1,600 coal ear*, 36 ton capacity, which will be charged to
-operating expense* daring 1893-3
A x *o a t. B epo kt ,—Fiscal year end* December 31. Annual meeting
w ill hereafter be held the third Tuesday in Starch. From advance
sheet* of the annual report the following lor 1892 U obtained.
1889
1h'M,
(k ill
l k()0
O ttm earnings...............#2,490,319 #3,056,752 83.263.554 83,372*509
Net earning*.... .......... ...$1,007,692 $1,308,200 $1,415,556 $1,402,142
28,335
32,147
40.371
10.000
Miscellaneous... ..............
Total receipts............$1,036,027 $1,340,347 $1,433,927 $1,492,142
tatereeton bond*............ $997,920
$977,420 #077.420 *923.030
Interest on ear trust*, etc.
12,950
38,205
60350
55,7*1
In t to Pa. PH.on leaee.Ac.
24,658
24,490
24.525
20,804
Dividend on preferred. .
......... .
......................
50.000
$600,000
1.584.000
8 , 000.000
1.618.000
4,000,000
3,199,003
443.000
450.000
2.400.000
1,087,500
1,786,200
500.000
800.000
540,400
•lfdVOO
1,717,300
500.000
2.457.000
2.500.000
1.900.000
400.000
350.000
350.000
2.580.000
1.390.000
901.000
800.000
81.900
718,100
7
7
5 g.
0 g.
M.
il.
M.
J,
&S. N.Y., Atlantic Trust Co.
A- N.
do
do
& 8.
do
do
& D.
do
do
5 g. J, A J.
0 g. .A. A O.
5 g. .1. A .1.
5 g. M. A N.
5 g. F A A.
See text,: Q.—51.
7
J. A J.
See text, M. A N.
See text.; ......
N. V., Hatch & Foote.
.V Y „ Metropol. Tr. Co.
.
See Hutch & Foote.
N. 5'.. Metro pol. Tr. Co.
N. Y., Central Trust Co.
Columbus,0 .,Treasurer
Boat., Treasurer's office.
Concord, Co.’s office.
do
do
Sept., 1900
May 1, 1910
Sept. 1, 1931
June 1, 1904
Jan. 1, 1940
Apr. 1, 1916
July 1, 1940
Nov. 1, 1941
Feb.. 1929
Mar. 10, 1893
Jan. 1, 1894
Nov. 1 , 1892
Oct. 1, 1892
Nov. 1. 1892
See text, 51. A N. Concord, Co.’s office.
6 *7
A. A 0. B’ ston.FaneuilHaUB’ k Apr. 1, 1893
Jan. 1, 1911
6
J. A J.
do
(lo
4
:J, A D. Boston Safe D. A TT.Co. June 1, 1920
5 per an. P.
A A. Boston, S. Den. A Tr. Co. I, 1893
Feb.
Apr. 1, 1943
4 k A. A O.
-.
do
do
5 per an. F.
A A.do
do
Feb. 1, 1893
Jan, 1, 1911
5
J. A J.
do
do
l p er an. ;J. A J. Bost.AManehester.N.H Jan. 1, 1893
See t e x t See text
Springfield, Mass,
Jan. 1, 1893
l per au. J.
A J.do
do
New.
6
51.15 AS, Philn., Penn. KR. Office, l90O-’l-*2-’3-’4
( p e r an. J. A J. Co.’s off., Lebanon, Pa.
(U
July 1, 1902
5
J. A J.
do
do
Apr. 1, 1921
5
A, A O .
do
do
tension. 4 m ile*; Pemlgowuaxet Valley RR-. Plymouth to North Woodstock, N. H., 21 m ile*: Manchester A North W eareRR., 9 miles; Nashua
Acton A Boston R R , Nashua to Concord, 24 miles; total leased, 136
tulles. Operates line* to Belmont, Jett'orson, Alum Bay.eto., 50 miles;
Xj Internet In Man. A Keene. 30 miles. Total operated. 425 miles.
In addition extensions to Berlin Falls, e to„ were completed In 1892.
OKOXVtxATIov. —Tile Concord and the Boston Concord A Montreal
railroads were con undated m fieptember, 1889, forming this company,
but the constituent companies retain a nominal existence to preserve
the legality o f certain Ictt*e». I n J amtary, 1893, Boston A Maine sought
authority from Massachusetts State Legislature to acquire tho Concord
A Montreal. See V 56, p. 205, 4b3.
*.
8
P K A .—The Boston Concord A Montreal preferred (Class 1) Is entitled
to « p.-r cent yearly: the Boston Concord A Montreal now stock (Class
11., and old stock (Class III . amouallng to $159.0001 are entitled to
not exceeding 0 per cent yearly out of any saving which may result
from the refunding of the present funded and floating debt o f the Boston
Concord A Montreal. The Concord stock (Class IV.) w ill receive such
dividend* a* may be declared after providing for tho dividend* on Class I.
Class IV. stock was Increased b f #1,200.500 to # t.200,000 la 1892-3.
Tim new eertltlouti, o f stock are dated M ay 1,1893, aad ca ll tied to
all subsequent dividends. Bee V. 55, n. 421. Class IV, is the only class
of stock that can be Increased, and of this the total amount authorized
by Act of Leg stature i* #6.000.000,
DIVIDKKPS.—In 1890. on class I. and ohms TV,. 0 per cent; In 1891.6;
In 1892, 0 p. c. On Class II. Dec., 1891, 2 per ct.; In 1992, O c t, 3 p. ot.
Boat.*, A c.—The consolidated mortgage was authorized to fund
tho floating debt (amounting t « $1,592,000 June 30, 1092), to provide
for reUnKsr ut o f prior bonds when <lne. and for Improvements. In year
1891-92 #747,000 consol. Is were sold. In addition to the consols
given above a» outstanding there were July 1, 1892, $336,000 pledged
as collateral. The Manchester A Lawrenne has instituted suit to
recover $1,000,000 claimed to be due from tho Concord Railroad. See
referee's report January, 1893, tn V. 50, p. 82.
R v i-o k t for 1891-92 was ia V. 55. p. 078. For fiscal year ending
.
June 30. 1892, g r o s s e a rn in g s $2,369,199; net, #727,040: taxes,
$102,426; rental*. #73.504 i Interest, $308.898: dividends, #238.808
balance, surplus, #4,211. tn 1990-91 gross$2,471,698. (V. 53. p. 6 0 2 ,
793; V. 51, p. 845; V. 55, p. 373, 421, 0,7 8 ; V. 56, p. 82, 463.)
Total disbursement*. .$ 1,035,428 $1,040,115 $1,002,703 $1,055,015
Balance, surplus.............
$599 #300.232 $393,132 -#1.1(4,527
* O f this amount $226,186 * » spent for construction. Me., and
$195,715 for equipment, leaving a surplus of $14,620. (V. 54. p. 2 4*2,
444, 446, $45, S87; V. 55, p. 589, 927; V. 56. p. HO. 161. 203, 4 62.)
C o lu m b u s S U a w n e e & H o c k i n g .—(See M ap.)—Line o f mad,
Columbus, O., easterly to Zanesville and southerly to tllouster, dhawneo
and Shawnee Junction, with branches; total. 161 milee, o f which
110 mile* are owned and 51 mile* leased. Will be. operated In d ose
connection with the eaudusky A Columbus Short Line, completed In
1892 from Columbus, Q., to Sandusky, O,, 110 miles.
B is t o u y ,—F ormed in November, 18*9, by consolidation o f the Colum
bus A Eastern (foreclosed In 1*88) and theShawnee A Muskingum River
Railroad, The Sandusky A Colutnmu Short Line Is controlled In the
Interest o f the Col. Shaw. A Hocking. (51, p, 486.)
S tock.—Authorized, $6,000,000 (halt preferred): outstanding, $1.
000,000. o f which $2,000,000 preferred.
. B osn*.—fir s t mortgage (trustee. Metropolitan Trust Company) lx for
#9,000.000, o f which $1,500,000 Is reserved for extensions at $30,000
|<er mile o f road completed and equipped. The equipment tmnd*
C o n c o r d A P o r t s r o o n lU . —Owns from Portsmouth, N. H.t to
a re # first Hen on equipment, a second lien on the road, and cover Manchester, N\ H., 411% miles, and branch to Buseook. 7 miles. The
#210,000 o f the company** first mortgage 5s, which can only be sold road was sold tn firet- mortgage. tHindholders In 1857, and leased to Con
for new equipment made subject to the equipment bonds. The cord Railroad in 1802 for 9fl years. l^ a «e rental la #25,000 a year,
Zanrevlile Term inal Railway Is teasel for 99 ya n s. and tt» hoods guar which give* 7 per cent a year to present stockholders.
anteed » * to lntere«t. This Terminal Company paid « dividend o f 2 per
t A
» lc . —Own* from White R iver Junction
fleet In August, 1892. The companies using the Term inal'* property V C o n n e c tic uLine, F * * s u r o p leases for 999 years MOaaawlppi Valley
t . to Canada
110 miles;
pay $ 2 00 per loaded car. Car trust. 8©pt 1, 1892, about #500,000, (Canada).37 miles; total operated, 147 miles. Tho M aswwipp! KR.
* » luting retired with equipment bonds.
stock
dividends a* the stock of the.
The Sandusky A Columbus Bhort lin e bond* arc not guaranteed, bat holds receives same»«*aw!ppi stock not included inlessee. The lessee
$400,Otto M
the amount out
there Is a traffie contract with the c, $, A H. that it is said assure* net standing, and
security for the 4
earning* sufficient to pay the interest on the bonds, the buxine** loan of 1893, this stock Is pledged a* partof 7 per emits due per cent
which replaces $1,500,060
April
arising under this contract being reported for 1*91 ns 661;7u!> tons From January 1. 1897, this road; was leased to the Boston 1.
A
eoaL yielding $396,1(33 in earnings, flee V, 5 1, p. 486. Mortgage !* for l o well for 99 year* on a basis to pay Connecticut A Pttiwurnpslo stock
#3,000,006. nt $20,000 p*-- m ile for conxtrtietton and #5,(KM) pay mile
annum for
per
fo r equipment. Metropolitan Trust Co., trustee. The short Lino Co's, 5 per cent perthe Boston .4 ten years and 0 tills cent thereafter. In
October, 1,997,
Lowell, carrying
road, was leased to
•toefc la $3,000,000; par, #100.
Boston .V Maine. Stock authorized, $3.000,000i outstanding, a * In table.
E a k x iso *.—From July 1,1392, to Fob. 2.8, 1893 (8 months), gross
Dividend*since 1880—In 1881, 5 per cent; tn 1882 and 1883,0; in
earnings were #545,585, ag*% #488.574 In Itffil 02. For 6 month* end- 1994, 5«*i In 1995 and since at rate of 5 yearly. Seo rental above.
.
iilglte. 3 1 , 1, 63. net #182.302, again*! #1 18.747 in 1891. In tho Average annual net earning* 1890-93, $219,883. Annual Interest
8
dsottlyear ending Juae 30. 1892, gross eartdngs wart- $723,647; net, after April 1, 1893, $76,000.
$245,087; rentals, $53,030; Interest. $164,933; balance, snndux,
C o n n e c tic u t H l v e r . —Owns from Sprlngfleld, Maas,, to Keene, N.
$27,104. In 1090-01 gross, #409,510. (V. 53, p. 604; V. 54. p. 486.)
H„ 75 miles; branches. 5 mile*; total, 80 uillc*.
C o lu m b u s S on t h e r n , - Completed in 1890 from Columbus,Oa„on
h r. out.—Leased for 90 year* from Jan.
Beaton A
Central o f Georgia Railroad, to Albany, Oa., on Savannah Florida A Maine, annual rental being #258,000 (equal 1. 1893, to theper annum
to to
Western, $0 miles. Stock, common, ##$0,OOO: preferred, 8440.000. on pre-ent capital stock), payable In semi-annualper cent
lnxt&lmeuia Jan. 1
Operated by fleorgla Midland A Oulf. For year ending June 30, 1 *92, and July 1. and in addition thereto interest on 4 per Cent scrip. Lessee
gross earnings were $98,648; net, #17.034. President; W. B. Lowe.
pays oil taxes, operatingexpeawx, etc , Imt lessor shall Issue Its stock
( ! o l « m b n « S p r ln a fic ld * O l n c l o u s t l , r t ) E I Cle v b la h d Cut or bond* to mi" ! th e o M to f per-ennent improvements. The leasee as
c ;* y * r i CmcAOo A St . Locffi.
sume I the #870,000 notes that were outstanding. Dividends from
C o la m b o x A X e n ia , —Owns from Columbus, Ohio, to Xenia, Ohio, 1876 to 1893 Inclusive were .9 percent per annum .' tn January, 1893,
So mile*. Operated a* a division o f the Little Miami, and lx leased for paid bj per cent extra.
99 year* from December, 1869, In connection with tliat road, to the Pitt*,
r.ARMVi;*.—in year ending June 30, 1992, gross earnings were $1,burg Cincinnati Chicago A v.|;. Ix'ills, which pay - H iwr cent on stock. 161.518. against #4,120,645 In 1890-91: net Income (applicable to
T'u- U-ns* j* guaranteed by -lie Peons', Ivania Railroad Company, The dividends!, over rentals, interest, &«., $206,611, against #230,400 in
g)lumi>ax A Xenia pays 8% p, r cent 'dividend per iinutlm, 2>n per cent 1890 91. (V. 53. p. I *7, 387, 67 t : V. 54. p. 202, 297, 782, 799; V. 55,
March 10 and September 10 and 2 per cent June 10 and December 10 41.256. 461,808, 1035, 1077,1110; V. 56, p.82, 245, 289.)
C o n c o rd ,V C la r e m o n t (V . I I . ) . —Own* rrom Concord to (3#reC o n n e c t in g (IM it ln d e lp h in ).—Own from Mantua Junction to
mont. N. H.. 56 miles; branch, Cootoocookid0e to Hlllsborongh. N. II., Frauktofsi I unction. Pa., 7 m iles; total mileage, including 2d, 3d, 4th
IS miles; leaww-Peterboro A Blltshoro HR,. 18 mile*; total oper .red, tracks and sidings, ( l miles. Leased to Philadelphia A Trenton for
# * Wide®. Controlled by Bbttea. A Maine, which, with Boston v Lowell, 999 years, and with that road operated by Pennsylvania Railroad.
guarantee* Interest under lease o f Northern RR. Stock. $112,100.
! Rental #139,903, which pays 6 per cent on #1.278,300 capital stock
C o n c o r d A M o n t r e a l.—Own* from Nstshno. S. fl., via Concord, j (par $30)—mostly owned by Pennsylvania Railroad.
to Wood*.,he incur WeiD River Junction), 12$ miles; Wood«vllH> to
C o r n w a ll ,v. L e b a n o n ,—Owns from Lebanon, Pa., to Conewago,
W W W Junetton, 53 miles; Wfngroad to ML Washington. 20 m iles; 22 mites; branches, 2 miles, in year ending June 30,1891. gross earn
Hootae. i'to io il. 3 miles; total owned, 204 miles. Ixuisos Concord A ings were #241,231; surplus over expenses and charges, $36,538.
Fortmnonth BP.. Manchester to portemonlb.N. f l „ 41 mile*, ami branch dividend,#28.000. in 1889-90 gross, $231,021. There are oar trust 6s,
to Simonov, 7 mtle*; Stmeu »V Valley RR.. 1$ m ile*; flnnconk Valley E x A.
0., payable at Philadelphia by Penn. Co. for lus„ etc.
00
INVESTORS’
SUPPLEMENT.
[Voi. LTI
RAILROAD
M arch , 1883.J
STOCKS AND
BONDS,
31
S u b s c rib e r* w i l l c o n fe r a g re a t fa v o r b y g iv in g Im m e d ia te n otice o f a n y e r r o r d is c o v e re d I n these T a b le s .
Bonds—Princi
IN T E R E S T OR DIVIDENDS.
RAILR O AD S.
Miles Date Sb.e. or
pal,When Due.
Amount
Par
Rate Per When Wliere Payable, and by Flock#—Last
of
of
For explanation o f column headings, Ac., see notes
Payable
Whom.
Road. Bonds Value. Outstanding
Cent
Dividend.
on first page o f tables.
29
Orcjson at Clearf. Co. <t X. T. Short Bonte—1st M.. g
57
CumOcHwut rallev—Stock ($454,900 is p referred).
82
1st and 2d ins., gold (2d $109,500 due Apr, 1908. >
D tm bm y at X ervm k —36© N e w Y o r k S ew H a v es A H a
D a n v ille <* B a s t /son.-1 st if., $35,000 p. m.. gold.
D a n v ille <t rejrfera—See R ichmond A D a s r o w . . .
Dayton a M ich.—Com. stock (3>ap.c. guar. C.H.AD.)
Preferred (8 per cent guar. C. II. & D.) endorsed
1st m ort, guar, princo & interest by C. B . A D.c, 142
Toledo Depot, 2d mortgage....................... ........ e
32
D a y to n * U n io n — 1st mort., sink, fund (notdxawn)c
32
Income mortgage bonds, sinking fund............. ,r;
Dayton d Western—1st M . guar. U M. and C. * X .e
37
Dee. Chew p. d S e v OH.—1*1 M „ 820,000 p. ro.,g.e#
100
Detateare—m o c i—6 p. c. guar, till 1898. P.W.AB...
85
Mortgage bonds, convertible, guar., P. w. A B <
•'
_ General mortgage for $ 2 ,000,000, gold............e\ 117
Del. d Bound Hr.—Stock—8 p. c. gu. Phila. & Bead.
le t mortgage..................................................
27
4
1st mort. on Trenton Br., 2d mort. on main line.
Delaware d f l tu t Jon C a n a l —Stock..........................
. .. .
Debentures secured by Penn. Division bonds . c
1st mort. os Pennsylvania Div, ($10,000,OOOicAr
14
.Schenectady A Duan. 1st mortgage, interest guar.
Bluff Point Land Improve. Co. 1st M.,gold,guar,c‘ . ...
Delaware Lackawanna <f ife jlrm —Stock..........
CosaoL mort. on roadwAequipra'nt ($10,000,000) 288
■ C u m b e rla n d ,l r m n m lv a n in — 1stfnort. gold. gnar.
1834 $500Ac,
1891
1,000
50
1856 ■500 &e.
RTFOR i>.
1,000
1391
50
50
1,000
(1)
2,403,243
1871
1,211,250
1831
2,675,000
1804
53,o00
1,000
1879
223,000
1.000
90,000
1879
1804
1.000
495,000
1.000
1889
m
25
2,196,982
1375 500 Ao.
551.000
1,000
1892
500,000
100
1,800,000
1,000
1,500.000
1875
1,000
1879
300,000
100 30,000,000
1874
1,000
4,829,000
1877 l.OOOAc
5,000,000
500,000
1874 100 Ac.
300,000
M90
1,000
50 20,200,000
3,007,000
1877
C re a s o n A C le a r tle ld C o u n ty & N e w P o r k S h o r t R o u t e . —
Owns from Creesou, Pa., to Irvona. Pa.. 27 mile*, and branch to KichSfcnd Mince, 2 miles. Leased for 99 years from Jan. 2, 1893. to the
Pennsylvania Kit. Co., which has purchased a m ajority o f the stock.
The road w ill be operated at cost. Stock, $1,000,000; par. $50. Car
trusts due Fet>, 1, 1900, #90,000, In 1890-91 gross earnings were
8119,684; net, $59,427; surplus above interest, $14,427; paid to sink,
fund, 810,000. V. 55, p. 1079.
C u m b e r la n d & P e n n s y l v a n i a . —Owns from Cumberland, Md.,
to Piedmont, Md.. and several branches, 57 miles. It Is owned and
operate'! by Consolidation COal Company, which gnarauttee* by en
dorsement the new first mortgage bonds, flee V 52, p. 890. Stock,
81,500.000; par. 8100,
$750,000
M. A N. PMla., Treas. Office.
. .
1,000,000
5 g. M. A N. N.Y.,Consol. Coal Office.
1,777,850 8 per an. Q .-J
Phila. A Chambersburg.
do
do
270,300
6 0. A. A O.
IV. >2, p. 390.)
N ew Y ork Agency.
July 1, 1921
Cincinnati.
do
N. Y., Reader A Co.; Cin.
do
do
N.Y., Am. Exeh.Nat.Bk.
Apr. 1, 1893
Jan. 2, 1893
Jau. 1, 1911
Meh. 1, 1894
Dec. 1, 1909
A fte r 1910
Jan. 1, 1905
July 1, 1921
Jan., 1893
July 1, 1805
July 1, 1932
Feb. 17,1898
Aug. 1, 1905
Nov. 1, 1899
Mar. 15,1893
Oct. 1, 1894
S ept 1, 1917
Sept. 1, 1924
Jan. 1, 1940
Jan. 20, 1893
Sept. 1, 1907
5 g. J. A J.
3in p. an. A. A O.
8 per an. Q.—J.
•J A J
.
5
M. A S.
7
J. A D.
7
6
J. A D.
6 A 7 J A J.
6 g. J. A J.
6 per an. J, A J.
J. A J.
6
4kjg. J. A J.
8 per an. Q .-F .
7
, F. A A.
6
M, A N.
7 per an. Q—Meh,
7
A. A 0.
7
M. A S.
M. A 8.
6
4 g. J. A J.
7 per an. Q .-J.
7
M. & 8.
M ay 1, 1904
M ay 1, 1921
Jan. 1, 1893
Apr. 1, 1904-8
N. Y., Bank of America.
Dover, Co.’s Office.
Phil., Fid. I.T. AS.D.Co.
Philadelphia.
Phila., 210 So. Third St.
Phila., Guar.T.A8,D.Co.
PhlU)., Of., 240 So.3d S t
X. Y.Of. ,21 Cort lim it 8t.
do
do
do
do
do
do
do
do
N. Y „ 26 Exchange PL
do
do
property » a s leased for 990 years to the Philadelphia & Reading R ail
road Company—the lessee paying Interest and 8 per cent on stock after
May, 1*8:1 Rental In 1891, #275,000. Gross earnings In 1891, $1,025,021; net, #5‘,'0,648
D e la w a r e A H u d s o n —( See Map.)—Own*canal from Handout, N.Y.,
to Honrodale, P a , 103 miles; completed In 1828. Also owns the follow
ing railroad*, vis,: Lackawanna A-Susquehanna—Nineveh.N.Y., to Jeffer
son Junction, Pa-,22 mile*; Valley R R .—Carbondaleto Scranton, Pm. 17
mile*; Gravity BR. ( i f r e l 3 Ineh gauge)—O lyphanttoHonoedale, 50 miles;
ftsiieneetady A Mechanic vllle-—East Oleavule to Coon#. N. Y „ 10 miles;
Cherry Valley Sharon .t Albany—CObblesfcill to Cherry Valley, N. Y., 31
mile*; Schenectady A Duaiuwburg—Seheuwtady to Duanosburg, 14
mllro; total owned. 140 mile*.
jbe-wro: Albany & Suantiehamia—Albany to Binghamton, 142 miles:
New York A Canada—Whitehall, N. ¥,, to Rouse'* Point, N. Y., 113
mllro, and branchro, 37 litilro; Rensselaer A Saratoga and leased line*—
Albany. It. Y ,,to I-ak*.- Champlain. S'. Y „ and branebro, 102 m iles;
UUca Clinton A Binghamton and Rome A Clinton, sublet to N ew York
Ontario * Western, 44 mllro: Union Railroad—Green Rldgo to Wllkesbarre. Pa.. 20 mile#; other lines, mile*, and Jefferson Railroad (traok-Jefferson Junction to Cartmndale, 33 mile*. Total oontrollod, 727
« , but only 630 operated in Delaware ,k Hudson aystem.
H istnuv, E tc .—T hl* company wa» chartered April 7,1823. U I*
among tin- largest miner* and candors of antbraetto coal. In May, 1892,
certain nffleer* o f the N. Y. Central entered the directory. See V. 54,
p. 799. In June, 1839. the Adirondack Railroad (00. mllro) was pur#
chased. Of the Rutland Railroad stock DelawareArHudson ovn »$ 3,000.000 preferred and $1,000,000 common, but the road Is leased to the
Central RR. o f Vermont.
DtVfokNtwMnee 1880: T n lS 8 1 ,4 »»; In 1882,7; In 1833,7; In 1884,
7; in 1895. « ; In 1996 and 1887,5: in 1888, « ; In 1899, 1800. 1891,
and 1892, 7 per cent; in 1893, March, IJ i per oent.
P rice o r ;
eoiairiOOM; ,
134 ;tn 1889.
1892,12278*1401*; in 1893, to March 17, Inclusive, 124*139.
BOND.*.—On January 1.1992, there were loans payable amounting to
#1.200.000. Adirondack Railroad bond* carry the endorsed guarantee
o f tins I). A H. as to principal and Interest. Bee that company.
The Pennsylvania Division bond* cover coal lauds, oolUerioa, rail
roads. canal, equipment and all other property In Pennsylvania.
A n n u a l R e po rt .—Fiscal year end* Dee. 31. Annual meeting Is hold
on the second Tuesday In May. Report for 1892 was In CffROKtOLK,
V. 50, p. 280,
ReeHptj—
1889.
1890.
1991.
1892.
From coal.............. $8,632,318 $7,300,207 $3,335,010 $9,629,333
From railroad *......
9,432,975 10,070,732 10,002,324 10,350,443
From miscellaneous,
822.300
911,963
711,309
452,705
C u m b e r la n d V a lle y .—Owns from Harrisburg. Pa., to Potomac
B lrer. K L 82 mile* (anil with leased lines operate* to Winchester, a
total distance o f I I S miles). It lease*—Cumberland Valley A Martin*burg Railroad, 34 miles; BHtsfburg A Meohaiiicabttrg Railroad. 9 mile*;
Southern Pennsylvania Railroad, 21 miles; control* Mont Alto Railroad,
18 relic*, bm account* are kept separate: total operated. 195 miles
Sto ck .—A uthorized. *3.000.000; outstanding, #1,292.950 common,
#241,900firstpref. and,#243,000second prof.; of this $075,800 com
mon and $2:17,200 preferred are owned i>y Pena»ylvanlft EB. Co. L a w
advance* have been made to branch road*. The Southern Pennsyl
vania la leased for net earning*; no interest paid on bond* since March,
1875.
D ivii.B X l.t.-rii 1980 to 1884, 10 per cent yearly; from 1885, to
January, 1893, both Inclusive, at rate o f 8 per cent yearly,
K abssxos . - ,*n year 1802 gross earning* wore 8943,073: act, #241,461; taxes, #12,833;-real rotate and conatraetton. #37,410; interest
paid on Volute, #21,040; dividend* paid (9 p. e,), 8142,228; balance, sur
plus, *27,311. In JS9I grant, 8803,298; net, 818!).108.
D a n b u r y & N o r w a l k . —Bek K r w Y o rk N ew H a v e * & U \ u t roHiJ.
D a y t o n & T l l c h l g a n , —Own* Dayton, 0., to Toledo, 0 „ 141 miles,
and lease# Profiler to Findlay, 11 miles. Is-arod May t, 1863, In perpetelty to Cincinnati Hamilton & Dayton. issaae amended January 23,
1870- The rental I* the Interest and sinking fund of debt, and 8 per
Sent on preferred stock and :i~i per cent on #2,396,760 common.
Guaranty of 8 per cent on preferred la secured by mortgage, but the
preferred carried no voting power. Profit to ieroee in 1885-0, $215,219; tn 1380-7.$270.562; in 1887-3,8303,933;in i #884),$313,008! In
M89-90, $379,494, Gross earnings in year 1891 (including Troy A
Plfiua branch. 8 m llr o ), $1,776,390: net, $710,611; surplus over inter
rot and dividends, #392,30.5. Current liabilities July 1, 1391, #333,721.
D a y to n tk U n i o n — Own* from Dodson, O., to Union City, Ind..
82 mure; team# Dayton to Dodudoo, 16 m llro; total operate,!. 47 mile*.
Operated by Cleveland Cinninnati Chicago A »t- Lout*. which, jointly
With the Cincinnati Hamilton A Dayton, own* tile capital *tocY All
(Undue earning* over Internet goes to a sinking fund for the redemption
of oonds at not above 100. Capita! stock #86,300. tn year ending
June 30,1892, gross earning*. $119,994: net. #73.933; surplus over
T o t a l.................#18,937,693 $19,382,907 $19,109,203 $20,438,541
# "0 000 Including interest on incomes, $39,233; Income# redeemed, Operating expense*. 12,092,868 13,303,234 13,511,778 13,977,757
S
A W r « l c r a . - O v T H from Dayton, 0., to State line. ln<L,
3, ante*. and leases 4 mllro to Richmond, tnd. Leased from January 1,
IfSBo, for 89 ye***, renewable t o w e r , to Little Miami, and carried with
mat road la th e .general lease to the Pittsburg Cincinnati Chicago A
3t. Louis. The lessee*. Little Miami and Pittsburg Cincinnati Chicago
* 8t- Ikrni*. are virtual owner* anil arc answerable tor all obliga
tions. Of above bond* #32,000 are 7a.
D e c a tu r C h e s a p e a k e * N e w O r le a n s .—Projected from Deeattir, Ala., to iih eib fv'ilK Tenu., 78 mile#, of which 34 uiilre from Ala
bama State lino northward are completed. Road w.i* sold in fore
s’ ' 1 .re J tn. 2, 1893, and company to lie reorganised as the Middle
'
Tennessee A Alabama. V. 56, p. 42. Claim# against the property ag
gregate, M M said. #710,000, and proposed compromise with credi
tor* iire-dde-. for a first mortgage for $3,50.000 to complete and equip
ShelbyvUle to Decatur, and for second mortgage bonds,
l £ s ,282®*®m^e* t0 take up present indeblodne**. Stock authorized,
$20,000 per mile. David Wilcox, Secretary, 20 Nassau Street, N, Y,
- ( V . 52, p. SO; V. 53, p. 58; Y. 50, p. 42.)
G D c l n w a r e .—Own* from Delaware Jnnotton(Philadelphl»WUmington
ABaiWiuowM, Del., to M o w (Maryland line), 84 miles; branches, 33
mile*; total operated, 117 mile*.
leased t i l ) ---- ,1897, to the Philadelphia Wilmington * Baltimore,
whKdi own* #1,181,323 o f the stock. Rental, 30 per cent o f gross
earning*, hut stock must hare 0 per cent; then any residue goes to
lessee for advances (if any), ana the balance to lessee and lessor
^ “ “ ‘ ‘y- In 1891 the New i.'mUn branches and cut-off were purchased
from the M aew for $410,875 stnek and a bond for $500,000. The now
mortgage tor #9)009,iNM) was authorised to take up present indebtedJ® ** for laying second track, Ac. In year ending Out, 3 i . L393, gross
®
wore #1,132,860: net, $309,467: interest, dividends, etc,,
$203,907: Mrplus. $165,490, against $208,804 in 1890 91.
D e la w a r e * B o u n d B r o o k . —Owns from Bound Brook (Centra 1
or New Jersey) to Delaware River, 27 mites; branch to Trenton, etc,, 7
miles. In connection with Central of New Jersey and North Penn*ytva
•ala forms a line between New York and Philadelphia, tn May, 1879, th
i
N e t ................... $3,064,725 $0,070,073 $3,597,427
Int., taxes A rental*. 3,426,829
3,511,333
3,303,377
$8,400,784
3,425,320
Balance for *te<*. $2,537,890 $2,568,310 $2,204,050 $3,035,404
—(V, 54, p. 3 45 ,3 6 1, 486, 500, 6 13,799; Y. 50, p. 1 03, 28 6.)
D e la w a r e L a c k a w a n n a 4: W e a t e r n .—(Bee Map),—This 00mny operates under lease an extended system o f roads in Now York ,
nn*y)vanSa and New Jersey. Own* from Delaware River (N. J, lino)
to New York State line, 115 mile*; branches—Scranton to Northumber
land, 80 mile*; branebro to Wlntou, storm, Keyner Valley, etc.. Pa,, 17
mUee; leased line* in New York—New York Lackawanna A Weetern
Railroad, 214 miles; Cayuga A Susquehanna Railroad 34 miles; Greene
Railroad, 8 miles; Oswego & Syracuse Railroad, 35 miles; Utica Chen
ango A Susquehanna Valley Railroad, 97 miles; Valley Railroad, 12
miles; control* and operates—
Syracuse Binghamton & New York, 81
miles; leased lines In New Jersey—Chester Railroad, 10 miles; Morris A
Essex, 120 mile*; Newark A Bloomffeld, 4 miles; Warren Railroad, 18
mllro; Sussex, 30 m ile*; Passaic A Delaware and extension, 22 mile#;
total operated, 900 miles.
K
H is t o r t , Etc .—T hl* is one o f the most important o f tho anthracite
coal roads. It w w originally the Llgotts Gap Railroad, chartered
in 1819; nano changed to Lackawanna A Western in 1851, and then to
present title in 1853, Its leased line* are mostly held under long
leases, and in several case* are also controlled by ownership of
stock, so that the system is compact. The more Important o f tho leased
line# are separately described in this S u I'I'I,k u k n t .
D iv id e n h *.—Formerly paid 10 per cent, hut In the dull times 1878 to
1880 no dividend# were paid: In 1880 3 per cent was paid; in 1881, 8%;
in 1882. 1883 and 1884. 8; in 1885,7 * ; from 1880 to January, 1893,
both inclusive, at rate o f 7 per cent per annum.
P rice o r Sto c k .—I n 1884,80%a 133%; :
115® 144; In 1887, 11.3%»13irts: in 1888.
*1 5 1 ; In 1890, 1 2 3 % »1 4 0 '*; in 1891,13C .
187*s; In 1893 to March 17, inclusive, 137MaiSOta.
IN V E S T O R S ’
SUPPLEMENT.
[Y o u l v l
M a r c h , 1893.1
RAILROAD
STOCKS AND
BONDS.
93
S u b sc rib e rs w i l l c o n fe r a gre at fa v o r b y g i v i n g im m e d ia te n o tic e o f a n y e r r o r d is c o v e re d i n th e se T a b le s .
RAILRO AD S.
on first page o£ tables.
Delaware Maryland 11 Virginia—8toe*..........
Junction A Breakwater—1st mortgage to S tate..
Junction A Breakwater 2d mortgage................ o'
Breakwater A Frankfort 1st mortgage to State.
Worcester BR. Is t M . (s.f. not in operat'n) gold.o'
Denver <t R io Grande—Stock, com., ($45,500,000)
F r e t stock, 5 per cent non-cam. ($28,000,000).
Consol mortgage (for $12,000,000) gold...... cte
Improvement Mort. ($5,000 per mile) gold.. .c*Ar
Dee Moines A Ft. Dodge—IstM ., Series A, tot. gu ar..
1st mort., Series B, Income, interest guaranteed..
Mortgage on extension, interest guaranteed.
Dee Hoinee A Kansas Oily—Stock.)..................
Dee Moines Mo. it West.—1st SI., g „ ($18,500 ri.m.lc.
Dee Moines CnUm—1st M. for $800,000, gold.----c ’
ip.—1st
Detroit Bay City A Aip. * ‘ mortgage, gold........e*
Detroit Grand Haven if M il,—1st equip, in. g. gu..o'
t "
Consol mort. gold, guar, by Gr. Trunk o f Can o*
i,
Detroit HMsdate <i S. W .S M k A p. 0. rent’LL.8. AMS.
Detroit Lansing <t Xarthem—Stock, common.........
Preferred stock....................................................
Ionia A Lansing 1st M.,e iter, tied in 1889,guar,o*
D . L 4 S . eonsbi. mort. (1st raorton 187 m.)...o*
Saginaw A West. 1st M., gold, guar..endorsed. ,c‘
Or. R L. A D. 1st M., !$20,000p.in.) endorsed.,e'
Miles Date Size, or
of
Of
Par
Rood. Bonds Value.
$25
1860
1979
1,000
1873
1876
Ac.
.... .... 500 100
100
295 1871 500 Ac.
1,610 1886 500 Ac.
1,610 1888
500
i,ooo
88 1874
88 1874
1,000
56 1881
1,000
112
100
112 1392
1.000
1,000
1 50 j 1992
3 1887
1,000
1883
1,000
1,000
189 1*79
189 1878 200 Ac.!
65
....
io o !
100 1
100
1,000
55 1869
222 1877 500 Ac.:
1,000 ;
43 1883
1 ,0 0 0 :
55 1887
....
44
44
19
35
IN TE R E S T OR DIVIDENDS.
Amount
Bonds—Prinol-
Rate Per When Where Payable, and by ' Stocks—Last
Whom.
Dividend.
Cent. Payable
$526,758
185.000
"T
250.000
4
200.000
3
400.000
$ e38,000,000
23.650.000 See text.
6,382,500
28.435.000
8.050.000
5g.
J.
F.
J.
A.
A
A
A
A
J. FhHa.,233 So.Fourth 8t. Jan. 1, 1932
do
do
Feb,, 1899
A,
J.
do
do
Jan. 1, 1932
do
do
0.
April, 1896
M.
J.
J.
J.
J.
J.
A
A
A
A
A
A
Office, 47 k ill, St., N. Y.
N. N. Y., FourthNat, Bank,
J.
do
do
D.
do
do
J. N,Y.,Chic.R.I.APac.Co.
J.
do
do
J.
do
do
Feb. 20,1893
Nov. 1, 1900
Jan, 1, 1936
June 1, 1928
Jan. 1, 1905
June 1, 1905
June 1, 1905
5 g. !J.
2.390.000 4 to 5 g. J.
5 g. M.
511.000
2.500.000
6 g. J.
2 , 000,000
6 g. A,
3.200.000
6 g. :A.
1.350.000 4 per an. J.
1,825,600
F.
2.510.000
. .. .
F,
770.000
5
J.
2.672.000
7
>J.
6 g. J.
566.000
5
M.
1.108.000 |
A
A
A
A
A
A
A
A
A
A
A
A
A
J.
J.
N.
J.
O.
0.
J.
A.
A.
J.
J.
J.
S.
Jan. 1, 1932
Jan. 1, 1932
Nov. 1, 1917
Jan. 1, 1913
Nov. 14, 1918
Nov. 15, 1918
Jan. 5, 1S93
Feb. 15, 1887
Feb. 15, 1888
July 1, 1899
Jan. 1, 1907
July 1, 1913
S ept 1, 1927
II
1.200.000
1,200,000
672.000
800.000
2%
4
Springfield.
N. Y., Metropol. Tr. Co.
N. A'.. Central Trust.
N. Y „ F a ro . L. A T r. Co.
< N. Y. Ag’ oy Bk. Corn.,)
( Canada A London, i
N. Y., Farm. L. A Tr. Co.
Boston.
Boston, OL. 50 State St.
Boston, 2d Nat. Bank,
do
do
do
do
do
do
G e n e k -u . FrasscB*.—On Dec. 31.1802, accounts receivable (includ - ( V . 53, n. 108, 1 2 5 .4 2 3 .4 3 5 .4 3 7 . 474,604 6 7 3 ,6 7 4 ;V . 54, p, 446.
ing cash and coal on hand, Ac.) were $0,189,258, against $8,825,922 701; V. 55, p. 233,251, 44 1, 4 60, 4 6 4, 679; V. 56, p. 42, 205).
Dec. 31, 1891; accounts payable $8,854,475, against $7,971,713.
D e n v e r T e x t s A F o r t W o r t h . —S ee U n io n P ao . D kxvbr A OtTLk
AkkC i t R epo rt .—Fiscal year ends Dee. 31. Annual meeting is held
D es T o l l i e s A F o r t D o d g e .—Owns from Das Moines to Fort
on the Tuesday preceding the last Friday in February. The report for
Dodge, la., 87 mile®, with an extension 56 miles to Ruthven, oonnoctlng
1892, with balance sheet, was in Ch b o x ic ik , V. 56, p. 163.
with Chicago Milwaukee A 8t_ Paul. Common stock, $4,283,100; pre
1889.
1890.
1991.
1892.
ferred, $7(3.500; par, $100. Leased from Jan, 1,1887, to the Chicago
T otal gross receipts.$38,247,822 $40,688.645 $41,849,754 $46,226,283 Bock Island A Pactilc for 19 years at a rental o f 30 per cent o f the gross
Operating expenses. 30.653.586 32,40t>,859 33.894.510 87.781,880 earnings, with a guarantee o f 4 per cent Interest on the first mortgage
223,577
2-10,019
121,474
464,540 and extension bonds, and 2% per cent per annum on the incomes.
Betterments, Ac.....
Tstal expenses... $30,877,163 $32,739,878 $34,010,065 $38,240,420
D es T « i n c s A K i a u u C it y .—Des Moines, T»., to CalnavUle, Mo.,
N et receipts.........
7,370.459 7.048.767
7,833.680
7,979,863 112 miles, 3-foot gauge. Successor to Des Moines Osoeola A Southern,
Interest and rentals. 5,222,375 5,328,494
5,418,220
5,360,406 sold in foreclosure in 1887. Under tho mortgage for $2,000,000
iMaeiavUusetls Safe Deposit Co„ trustee), $480,000 bonds are pledged
Balance, surplus.... $2,148,084 $2,620,273 $2,415,463 $2,613,457 as collateral for notes given for new equipments, repairs, etc. Under
Dividends (7 p. o) .. 1,834,000
1.834,000
1,834,000
1.834,000 this mortgage the authorixed Issue i* $8,000 per mile on narrow gauge.
$16,000 per mile on broad gauge road. Y. 55, p. 297. In year ending
Balance after divs...
$314,084
$780,273
$581,463
$779.45? June 30, 1892, gross earning* wore $118,357; net. $3,232. Tho capital
—fV. 53, p. 714: V. 54. p. 2 0 2 . 288, 366, 800; V. 55, p. 2 5 7 , 806; V. stock is held by the President, M. V. B. Edgerly, o f Springfield, Mass.,
a* Trustee. (V. 55, p. 297.)
56, p, 163.)
D es T o i n e s N o r t h e r n A W e s t e r n . —Owns from Des Moines to
D a ta w a r e T a r y l a n d A V i r g i n i a , —Road extend* from Harrmgam to Rehoboth, D e l, 44 miles; Georgetown to Franklin city, %a., 54 Fonda, town. 1 15 miles, and from CUve (7 miles from Des Moines) to
T
miiea; total, 98 imirw. In July, 1983, the company Passed into control Boone, 35 miles; total, 150 miles. A consolidation o f January 1, 1892,
3f the Philadelphia Wilmington A Baltimore Railroad, and became part o f the Des Moines A Northern and tho Dos Moines A Northwestern.
« f the Pennsylvania Railroad system. In 189i the mortgages to the Tho whole line hsw been made standard gauge. The bonds bear 4
State were extended at 3 per cent for 40 years, but redeemable at com per cent interest till January 1. 1897; thereafter 5 per cen t Mortgage
p *n y > option after January 1,1895. See v. 50, p. 498. In 1801-92 trustee Is the Metropolitan Trust Com puny o f New York. Stock
gross earns., $215,931; net, $20,471; deficit, $15,$78.-<V. 52. j» 498.) authorised. $15,000,000-. outstanding, $4,200,000; par, $100. In year
1892 gross $111,223 : net $192,913, against $122,023 in 189 L. Presi
D e n v e r A I I l o G r a n d e ,—/See Map) —R o a d —T he lines of this dent, V. M. Uubbell, Des Moines, la. (V. 53, p. 250.)
-company, well shown on the adjoining nmp, reach all the Important
D es T o i n e s U n io n . —A terminal road, 27m miles in length, in
points in Colorado, while it* standard gauge lin e from Pueblo westerly,
v l» Riflo Creek tonus a link in the trans-Continental route to Ogden, D «* Moines, Controlled by Des Moines Northern A Western-*which see.
Balt Lake City, Ac
Its total mileage Jane 30. 1892 (Including Klo The rentals and wheelage are in exeesaof fixed charges. Stock author
Grande Junction BE., etc,, 72 tulles leased), was 1,687 miles, of ised, $3,000,000; outstanding, $400,000—par $100. Due on real estate
Sept,, 1802, $56,775.
which a considerable part was standard or laid with a third ralL
HixriiKT.—The former Denver A Bio Grande Railway, Incorporated
in 1870, was foreclosed July 12. 1886, and rcnrsr.inttod as the Denver
& Rio Grande Railroad, The Rio Grande Junction ts leased Jointly by
tills company and the Colorado Midland, and Its bonds guaranteed.
D iv id e n d s .—On preferred stock; In 1887,2% per e t ; In 1888, 2% per
sent in cash and m In scrip, subsequently redeemed In cash; n 1889,
o il: February. 1890, 1 H j August, 1 -a; in 1891, February, 29) p. r ,
then none t ill 1893, when In February 1 p.c. was paid. See V.55,p. 805.
P a te * o r St o c k ,— Common: Tnl886,14%. 35% (assessment paid);iD
1987. 2 0 4 *3 2 % : in 1898, 15*23: in 1989.1 4 % »1 84 : in 1890, 1 4 4 *
21%: in 1891, i3 % »U l; In 1892, 153194; In 1803 to Mar. 17 Inclusive,
15 *18%.
Price o f preferred stock: In 1886.53%63%; lit 1887,52%a68%. to
1888, 4 0 *5 5 % ; in 1880, 4 2 4 9 5 2 % : in 1800, * 5 * 0 1 4 : In 1891,
40 *63% : in 1892, 45 954%} In 1893 to Mar. 17inclusive, 51957%.
Bonds .—Of the consolidated gold bonds (United States Trust Com
pany, trustee) $fi.382,500were reserved to retire the prior bonds when
due, and $o.fio<>,000 to acquire a line to Ogden. Those unissued may
be used with the consent o f a majority o f the preferred stock for ex
tension* at not exceeding $20,000 per mile. See abstract o f mort
gage in CiiEowicjg,, V. 47, p. 229.
United States Trust Co„ New York, is trustee o f tho improvement
m ortgageof 1888. Mortgage abstract la Cu h o s u a e . V. 47, p. 229.
G e n e r al F is a Ncbs.—T February, 1893, Mr. Coppell, Chairman o f
s
tho Board, stated in an official circular that "T h o company has dis
charged ail Of it* Mils payable and loans, and • * * 1* now able to re
sume payment o f dividends out o f earnings, with a reasonable hope o f
continuing the payment of them. V. 56, p. 42
L atest E ars two#.—For 7 months ending Jan, 31 results were:
7 moe,
Grose rnm'ns.
Set m rtt’gs,
In i., rents, *e
ItnL, rnr.
1802- 3 .,. .85,757,8 %
$2,573,554
$1,045,732
81,527,822
4891-2 — 5,344,761
2,310,761
674,103
1,636,658
A n n u a ;, K ki - r t - Fiscal year now ends June 30, Annual meeting
o
Is held at Denver the third Tuesday in October, Full report- for
T » r 1891 -92 was in V. 55,p, 411,460,464. Official statement for halfyear ending Dee, 31,1802, showed surplus tor period of $014,501,
against $.>72,60() in 1891. See V, 56, p. 205.
1801-91.
1888.
1889.
1890-91.
gross earning*,...... ..*7,668,654 $8,046,003 $9,850,921 $8,830,947
Net earnings............. $2,563,972 $3,332,410 $3,340,617 $3,709,354
Interest mi bonds..... $4,492,615 $1,654,675 .$1-944,805 $4,986,675
Taxes and insurance,,
3-15,550
320.068
319,192
362,127
Bettonnerifs...............
210,906
240,fH)0
259,818
240,000
Miscellaneous............
40,551
52,434
118,821
206.430
Dividend on pf. stock.
295,625
t...........
591,250
NIL
D e t r o it B a y C it y A A lp e n a , —Owns from Alger, on Michigan
Central Railroad, to Alpena, 105 miles; Loon Lake Branch, 32 miles;
Mud Lake Branch, 38 mile*; other branches, 49 miles; total road Jan,
1,1893, 224 miles Much o f tho liraiudi lino mileage is said to bo tem
porary, it having been built only to bring out lumber. Co. has a traffic
contract with Michigan Central Stock authorixed Is $2,000,000:
Issued, $1,670,000; par, $100. A dividend o f 4 per cent was paid
January 3. 1888, and o f 2% per cent February 1 0 ,1891, Loans and
hills payable Jan. 1, 1893, were $120,398. Jan., 1893, coupons were
paid as usual See V. 55, p. 995.
E arning *.—From Jan. 1 to Jan. 31 (1 month), in 1893 gross,
$37,754, against $29,080 in 1692; net, $18,451, against $11,430.
In 1092 gross earning*, $351,706: net, $95,506; interest on bonds,
L50,000; balance deficit, $54,494. ru 1891 gross, $-117,674; net,
132,819.—(V. 50, p. 174, 735; V. 51. p, 113; V . 52, p. 320; V. 55,
p, 905.)
f
D e t r o it G r a n d H a v e n A T i l w a u U e e .—Owns from Detroit,
Mich., to Grand Haven. Mich., 180 miles. Tills is u reorganization o f the
Detroit A Milwaukee, which was sold in foreclosure September, 1878.
The bonds are guaranteed by the Grand Trunk of Canada. Stook,
$1,500,000; par, $50. Rea! estate mortgages, $226,000.
From January I to Nov, 30, 1892 (11 months), gross earnings were
2330,019. against £225,067 In 1891: net, £54,012, against £58,946.
Gross earnings in 1891, $ 1.195,862; net, $301,906; deflei t under interest,
$50,816 against $82,205 in 1890)—paid by Grand Trunk Railway Co.
D e t r o it H il l s d a l e A S o u t h w e s t e r n .—Owns from Ypsilantl,
Mich,, to Bankers, Mich., 65 mil*-*. The Detroit Hillsdale A Indiana
road was «o!d in foreclosure Jan. 28,1875, and this company organized
by the bondholders. Leased In perpetuity from July 1,1881, to the Lake
8horeAMlohigan8outhernCo.; the rental Is $54,OOOpor year— 1 peroent.
D e t r o it L a n s in g A N o r t h e r n . —Owns from Grand Trunk Junc
tion, Mich., to Howard City, Mich., 157 miles; branches—Stanton Junc
tion to Big Rapids, Miob., 63 miles; Bidding Branch, 1h miles; total
owned, 222 mite*. Leases: Grand Trunk Junction to Detroit, 3 m iles;
Lansing to North Lansing, 1 mile; Saginaw A Western RR.—Alma to
Howard C ity,43 miles; Grand Rapids Lansing A Detroit Railroad—
Gr tnd Rapids to Grand Ledge, 53 miles, ami branch,2 miles; total, 323
m il-a; also operates Saginaw Valley A 8t. Louis, 45 miles, and pays
interest on Its debt, but reports earnings separately. The Detroit Lans
ing A Lake Michigan was foreclosed in 1870 ami this company formed.
Or VIOBND8.—On common stock since 1879—In 1880,6; in ’83,6; in ’84,
6; in 1887, 3; in 1888 and 1089. nil. On preferred stock in 1879,9%
per cent; from 1880 to 1884, inclusive,? per cent; in 1885,5%; in 1880,
8*a: ni 1887, 7; in 1888. 3%; in 1889 and since, nil. B onds .—T he
sinking fund holds $218,000 o f the Detroit I,arising A Northern 7« and
$20,000 of the Ionia A Lansing 5s given as outstanding in the table.
L atest E arvinoh .—January 1 to Jan. 31, 1893 (1 month), gross
'Total.................. $2,415,247 $2,267,177 $3,233,884 *2,795,241
$94,414, against $83,971 in 1892: net, $15,532, against $11,043; InterSurplus......... ............ $148,725 !$1,065,233
$106,733
$914,113 rest, rentals, Ac., $26,399, against $26,390 ; balance, deficit, $10,867,
1 From the soa-plus o f 1889 1% p. e, was paid on pref. In Feb., 1890 against deficit of $15,350.
.* _ -# .
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INVESTORS’
SUPPLEMENT.
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RAILROAD STOCKS AND BONDS.
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INVESTORS’ SUPPLEMENT,
[ V ol . L V I,
S u b s c rib e rs w i l l c o n fe r a g re a t f a r o r b y a i r i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e re d In th ese T a b le s .
Bond*—Princi
IN T E R E S T OR DIVID E ND S.
R AILRO AD S.
Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,^WhenLast
Par
Slocks—
of
of
For explanation of oolumn headings, die., see notes'
Outstanding Cent. Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
D
ubuque it B u c C —Stock................................
io s ity
524
43
1st mortgage 2d division............ ......................
General mortgage for $3,000,000, go ld ........ o&r! 143
Iowa Falls & Sioux City 1st M„ la. F. to S. City.. 184
Cher & Dak and Cedar Rap. & Ohio. 1st rnorts... | 197
Duluth < Iron R n 1st mortgage............... e&rj 139
e
a ge—
D R W
td. ed ingdSo.—
lstM.,g.,$20,O0 0 permile.c*&ri 25
Duluth S thS oreit Allaiuic—
ou h
78
Marq.H.&On.mort, red.at 105, to he paid Mayl5,
Gen. Mort.—1st. M. onMar. &West., 21 m......o* 156
Duluth South Shore &
Atlan., 1st inort., gold, .c&r 366
First consol, mort., gold, interest guar......cLfcrl 580
Duluth Transfer— mortgage for $‘2,000,000....
1st
Duluth it W
innipeg.-1 st M.for$7,000,000,gold..o* 100
Dul.4Winn.Ter. Co. 1 st M..$250,000,g.,guar.p.4i.
Dunkirk A egh.V it Pittsburg— mort., gold..o] 90
U
al.
1st
90
2d and 3d mortgages ($200,000 only are 3d M.).c|
E st B
a road Top—1st mortgage........................-r 30
E st Pennsylvania—
a
Stock6p gu.999yrs.Phil.&R. 36
.Q
36
1st mortgage, gold, guaranteed...................... e*
E Shore Terminal—1st mortgage, go ld ..........o*
ast
2d M. ($300,000), g., red. at 105&int. anyM.&S. . . . .
E T n e s e Virginiatt G
ast e n s e
eorgia
—Common stock.
1st preferred stock (5 per cent non-cumulative).. . . . .
2d preferred stock (5 per cent non-cumulative)..
Old IstM.s. f. (Bristol,Tenn.,viaChat.toDalton, Ga) 242
Divisional M., g.,(Bristol, Tenn., to Selma, Ala.).c* 552
95
Ala. Cent. 1st M., Selma to Meridian, gold, guar.c
E. Tenn.Va. &
Ga, oonsol. M., g. ($20,000,000) .c.fcr 1,083
1st extension mort. ($20,000 p. m.), gold..... car 273
Improvement and equipment mort., gold...... c.er 1,083
Cincinnati Extension Collat. Tr., gold, guar..... c*
......
N .Y ., Office, 216 B’ way.
$100 $8,000,000 See text.
7
J.
J.
do
do
586,000
1864 500 &c.
.
2,231,000
do
do
5 g. J. & D.
1888
A. & O.
2,339,500
7
do
do
1869 500 &o.
3,930,000
J. & D.
do
do
5
1888
A. & O. N. Y., Office, Mills Bldg.
5,209,000
5
1887 1,000Ac
New Y ork City.
1,000
500,000
5 g. j . & j .
1888
1,000
1883
1,000
1885
1,000
1887
1890 100 Ac.
1,000
1891
1,000
1889
1,000
1892
1,000
1870
1,000
1872
1,000
1873
50
1,000
1888
1,000
1890
1,000
1892
100
100
....
1870
1880
1879
1886
1887
1888
1890
1,000
1,000
1,000
1,000
1,000
1,000
1,000
6
1,500,000
1,400,000
6
4,000,000
5 g.
13,100,000
4 g.
600,000
6 g.
5 g.
2,000,000
in
6 g2 ,000,000
7 g.
900,000
7
4
500,000
1,730,450 6 per an.
495,000
4 g.
1,000,000
5 &
277,000
8 g.
27.500.000
2
11,000,000
18.500.000
7
3,123,000
3,106,000
5 g.
1,000,000
6 g12,770,000
5 g.
5,140,000
5 g.
6,000,000
5 g6,000,000
5 g.
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J.
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D. June, ’92, eou. last paid.
S. N. Y., Chase Nat. Bank.
A.
do
do
Jan. 18,
July 1,
June 1,
Oct. 1,
Deo. 1,
Oct. 1,
Jam 1,
1893
1894
1938
1917
1935
1937
1928
N. Y „ Third Nat. Bank.
do
do
do
do
N ew York or London.
N. Y., Metropol. Tr. Co.
Phil.Gua.Tr.ASafeDep.
M ay 15,1893
Apr. 1, 1925
Jan. 1, 1937
Aug. 1, 1990
Jam, 1921
July 1, 1929
July 1, 1922
..............
N. Y „ N. Y. Cent. & Hud. June 1, 1900
do
do
Oct. 1, 1900
July 1, 1903
Phil., Phil. & Read. RR. Jan., 1893
do
do
Mch. 1, 1958
N.Y.,DavisACo..44Wall Aug. 1, 1915
do
do
Mch. 1, 1902
N ov.,’91, div. last paid. Nov. 30,1891
July
July
July
Nov.
June
Sept.
Feb.
1,
1,
1,
1,
1,
1,
1,
i900
1930
1918
1956
1937
1938
1940
mortgage for $2,000,000 is to the Metropolitan Trust Co. of N ew Y ork,
as trustee, and provides for bonds at $50,000 per mile for road between
Ironton and Lake Avenue, Duluth, at $20,000 for additional single
track, at $13,200 for double track; and fo r $750,000 for bonds for
depot grounds, depot iu Duluth, wharves, freight houses, etc. Stock
authorized and outstanding, $2,000,000.
D u lu t h Ac W i n n i p e g . —Owns road completed in 1892 from N ew
Duluth to Deer River, Minnesota, 100 miles. Owned by North Star
Construction Co., Baltimore, control o f which in February. 1893, was
acquired by Canadian Pacific parties. Extensions projected. V. 56, p.
245. Stock authorized—common, $3,000,000; preferred, 5 per cent,
$ 2 , 000 , 000 .
B onds .—Trustee o f mortgage for $7,000,000 is the Guar. Trust &
Safe Deposit Co. of Philadelphia. E arning s .—In the fiscal year ending
June 30, 1892 (road still under construction), gross earnings were
$114,260; net over expenses and taxes, $40,202. (V. 53, p. 58, 368; V.
54, p. 597; V. 55,p. 297.)
E a s t P e n n s y lv a n i a .—Owns double track from Reading, Pa., to
Allentown, Pa., 36 miles. Leased for 999 years from May 1,1869, to the
Philadelphia & Reading RR. at a rental of 6 per cent per annum on the
stock and interest on the bonds.
E a s t S h o re T e r m i n a l.—(See Map.) —R o a d .—Owns terminal road
in Charleston, 8. C., 3 miles; second track, 3 miles; sidings, 4 miles;
private sidings, l i t miles. Gauge 4 ft.
in. Rail (steel) 60 lbs.
H isto r y .—Company owns 14 wharves, 30 warehouses, about 30
acres o f land, 4 cotton compresses, etc., on the w ater front of the city
o f Charleston and connects the same with the railroads entering the
oity by means o f three miles of double track. Business consists in the
transportation of freight between the railroads and the piers, a gen
eral wharfage business and the compressing and storing of cotton.
Road built in 1890 and 1891 and extended in 1892.
Se c u r it ie s .—Stock authorized, $5,000,000; outstanding, $1,120,000.
Other securities as in table. Mortgages cover entire property.
O pe r a t io n s .—N et earnings for 9 months ending December 31,1892,
$56,378 31.
D irecto rs , E tc .—Samuel D. Davis, Win. H. Male, C. C. Cuyler, C. B.
Van Nostrand, D. H. Houghtaling, New York, N. Y.; E . A. M. Smith,
C
W E. Huger, Cliarlesto u, S. C. Officers are—Samuel D. Davis, Presi
dent, 44 Wall Street, N ew York, N. Y.; Vice-President, Wm. E. Huger.
Charleston, S. C.; Secretary and Treasurer, John L. Nisbet. 44 Wall
Street, N ew York,
Prin cip al office and address, Chaileston, S. C.
—(V. 53, p. 407.)
E a s t T e n n e ss e e V i r g i n i a & G e o r g ia R a i l w a y . — (S ifap.)—
ee
Owns; Bristol to Chattanooga, Tenn., 242 miles; Morristown to Unaka,
44 miles; Cleveland to Selma, 264 miles; Selma to Lauderdale, 95 miles;
Elizabeth, Ala., to Akron, 53 miles; Rome, Ga., to Macon, 159 miles (18
miles join tly with Georgia Pacific); Macon to Brunswick, 190 miles;
branches to Savage Creek, Ac., 78 m iles; Rome to Attalla, Ga., 62 miles;
total owned, 1,187 miles; trackage (Mobile & Ohio) Lauderdale to
Meridian, 18 miles; leases the K noxville A Ohio Road, 66 miles, and
controls the Briarfield Blockton & Birmingham Railroad, Birmingham
Junction to Blockton, and branch to Bessemer, 52 miles; also owns the
Tenn. A Ohio, K noxville & Augusta and Johnson City & ■ arolina Rail
road, 48 m iles; total June 13, 1892, 1,371 miles. Controls also the
lines o f the Memphis & Charleston Railroad from Chattanooga to Mem
phis, Tennessee^ 310 miles, and the Florence and Somerville branches,
20 miles; the Mobile A Birmingham, 150 miles. Total East Tennessee
Virginia & Georgia, 1,851 miles.
Also leases the Louisville Southern RR, 130 miles, and is interested
in the Erlanger roads; the Cincinnati N ew Orleans & Texas Pacific,
Cincinnati to Chattanooga, Tenn., 336 miles; the Alabama Great
Southern, Wauhatchie, Tenn., to Meridian and branch, 295 miles, etc.
Or g a n iz a t io n , E tc .—Formed in 1886 as successor of the East Ten
nessee Virginia A Georgia Railroad, which was sold in foreclosure
May 25, 1886.
The Richmond Terminal held in November, 1892,
$8,783,200 first preferred, $6,536,000 second preferred and $5,880,000
oommon, o f which $8,283,200 first preferred and $4,225,000 second
preferred were pledged under its trust deeds. As to election in Novem
ber, 1892, see V. 55, p. 858.
The K noxville & Ohio was leased for 99 years from 1889 and its
bonded interest guaranteed by the rental.
In April, 1890, acquired an interest in the Alabama Great Southern
system by purchase o f stock. See Cincinnati New Orleans & Texas Pacifio, also statement concerning Cincinnati Extension bonds below, and
V. 50. p. 560. In July, 1890. Teased Louisville Southern for 99 years
guaranteeing 5 per cent on bonds. (See V. 51, p. 51.)
R e c e iv e r sh ip .—On June 24,1892, on aoconnt o f the embarrassment
of the Richmond & West Point Terminal Co., Charles M. McGhee and
Henry Fink were appointed receivers o f the East Tennessee Virginia &
Georgia Railway ■ ompany, including its leased lines. A li interest
obligations, however, due July 1,1892, were paid, except Memphis A
Charleston and Mobile k Birmingham coupons. General Thomas says
the property is sound and needs no reorganization aside from adjust
$ 2 ^ ; ^ T g S ; ! r t ag , i , ^ i ? r i n 3i1891i892 (12 mout,is)’
ment o f some of the later issues of bonds mainly held by friends of the
company, with whom some arrangement can be made
Tv:
®
54- 847- In Two committees ask the co-operation o f bondholders; without difficulty.
see V. 55, p. 21,
T r a n s fe r . - M ile a g e o f road in March, 1893, was 10 miles, 255. Default occurred December 1,1892, on the extension mortgage
o which was being added about ‘9 Lj miles now under contract. The 5s and the general mortgage 5s (V. 55, p. 938), but coupons due Jan.
A n n u a l R eport .—Report for 1891 was in V. 54, p. 682. Advance
statement for 1892 showed as follows :
1889.
1890.
1891.
1892.
T o ta l gross earnings. $1,131,986 $1,219,663 $1,254,100 $1,265,572
N et over exp. Ataxes.
325,062
392,797
375,446
341,502
Interest paid............ $331,774
$318,633
$316,587
$314,909
Balance.................... def. 6,712 sur. 74,164 sur. 58,859
26,593
Def. S. V. 4 St. L. RR.
3,369
Profit.
19,149
16,907
—(V. 52, p. 497; V. 53. p. 187; V. 54, p. 287, 6 8 2 ; V. 55, p. 255.)
D u b u q u e & S io u x C ity.—Owns from Dubuque, Iowa, to Iowa
Falls, 143 miles ; Iowa Falls to Sioux City, 184 m iles; Manchester to
Cedar Rapids, 42 miles; Onawa, Iowa, to Sioux Falls, Dakota, 155 miles;
tota , 524 miles. Also leases Cedar Falls & Minnesota, 76 miles. Total
operated, 600 miles. In April, 1887, a controlling interest in the stock
was sold to Illinois Central and in February, 1891, the road was leased
to that company, the rental being net earnings and the lease terminable
on 60 days notice. See V. 52, p. 350; V. 51, p. 493.
C edar F a ll s & M innesota L ease .—A suit to annul the lease of the
Cedar Falls & Minnesota Railroad has been appealed to the Supreme
Court o f the United States.
Sto c k an d B onds .—T he Illinois Central Railroad Company July 1,
1892, owned $7,917,800 stock and $1,907,000 5 per cents; also all the
Cherokee & Dakota and Cedar Rapids & Chicago 5s, due in 1935, which
are pledged as part security for its 4 per cents o f 1952.
D ividends —In 1888, % of 1 per cent; in 1891, June, 1; December, 1;
In 1892, June, about 15 of 1 per cent; in 1893, January, l i t per cent.
E arnings .—In year ending June 30, 1892, gross earnings were
$2,540,516 (against $2,447,489 in 1890-91); net, $793,405; loss from
operating Cedar Falls & Minnesota, $16,991; available net, including
82,113 other income, $778,526; rental Cedar Falls & Minnesota, paid
into Court, $113,370; interest, $503,335; dividends, $95,660; sinking
fund. $9,210; other payments, $56,951; balance, nil. (V. 54, p. 159;
V. 55, p. 542.)
D u lu t h Ac I r o n R a n g e .—Owns Duluth to Ely, Minn., 116 miles,
w ith branch to Mesaba Range, etc., 23 miles. This branch was com
pleted late in 1892, and in 1893 $678,000 first 5s were issued thereon.
Sto c k , E tc .—Stock authorized, $3,000,000; outstanding. $500,000;
par $100. Land grant from Minnesota about 506,000 acres. See V.
51, p. 875. The Minn. Iron Co. owns the stock, $3,500,000 income
certificates and $400,000 bonds. The bonds are authorized at the rate
Of $25,000 per mile for construction and $7,000 for equipment, the
Metropolitan Trust Company o f New Y ork being trustee.
E arnings .—In year 1892 gross $1,547,476; net, $853,631; interest
on bonds, $218,200; rentals, $3,767; interest earned on loans, $11,092;
balance, surplus, $642,756. In 1891 gross, $1,154,129; net, $618,321.
Pres’ t, J. L. Greatsinger, Duluth. (V. 51, p. 875; V. 56, p. 330, 332.)
D u lu t h J lls s n b e Ac N o r t h e r n __ Owns from Stony Brook Junc
tion, Minn., on Duluth & Winnipeg [38 miles from Duluth] to Mountain
Iron, 48 miles; branches, 23 miles. A lfred Merritt, President, Duluth.
W i n g Ac S o u th e r n .—Projected from Duluth via
Red vi ing, Minn., and Sioux City, Iowa, to a point opposite Omaha.
Neb. Iu operation from Red Wing, southerly to Zumbrota, 25 miles;
branches, 3 miles. Stock, $375,000. Trustee of mortgage is Central
,V lrtlb.0,Iliiaily‘
r\
year eudiug June 30,1892, gross earnings were
$59,026; net, $24,593. President T. B. Sheldon. (V. 56, p. 403.)
D u lu t h S o u th S h o re Ac A t la 11 tie.—Operates Duluth to Sault
Ste. Marie, 411 miles (of which 44 miles from Duluth to iron R iver is
used ill common with Northern P acific); “ Soo" Junction to St. Ignace,
43 miles ; other lines, 135 m iles; total, 589 miles. A t Sault Sto. Marie
connection is made by bridge with the Canadian Pacific. As to Duluth
dc Winnipeg, see that company.
Or g a n iz at io n , Ac.—In July, 1888, a controlling interest in this
company s stock was sold to Canadian Pacific parties. The Marquette
& Ontonagon 160 miles, was leased iu perpetuity, but in
1890 the lease was rescinded and all the property, except its franchise,
sold to the Duluth South Shore & Atlantic, which assumes its debt and
gives new cousols in exchange for its stock.
Ca p it a l Sto c k .—Common stock is $12,000,000 ; preferred. $10 000 OOO; par both $100. Preferred stock is 6 por cout, non-cumulative. ’
B onds , Ac.—Car trust 6s, Dec. 20, 1892, $280,175, due in instal
ments, last maturing Nov. 7, 1895. See abstract of first mortgage. V
4b, p. 274. Marquette A Ontonagon bonds and M. H. A O. 6s of 1878
to a total o f $1,930,500 were paid in 1892 and replaced by consol. 4s
and on May 15 1893, $1,500,000 M. II. & O. 6s of 1883 will be paid at
1U
<>. V. 5b, p. 4(33.
The first consolidated mortgage of 1890 has Interest at 4 per cent,
S m
rn i
unani Pacia° ‘ The amount authorized by it is
$20,000,000 on the 580 miles now or hereafter owned, and $20 000 ner
S 5 ^ K S “ “eCC 0 p 8 4 U8 °f ^ *6 0 ’0 0«■™erled
e Ve ,O.57 mC'
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INVESTORS’ SUPPLEMENT.
[VoL. L V I.
S u b s c rib e r* w i l l c u u fe r a rjreat fa v o r by g i v i n g im m e d ia te no tice o f a n y e r r o r d is c o v e re d In tUese T a b le s .
B d Princl on s—
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Rate Per When Where Payable, and by (S ocA
Par
of
For explanation of column headings, Ac., sec notes of
Y r*—Last
Outstanding Cent. Payable
Whom.
Road. Bonds Value.
Dividend.
on first page of tables.
E st T n e s e Virginia d G
a e ns e
eorgia (C
— oncluded)—
Gen. M. for $15,600,000 ($20,000 p. in.), gold.o&r
Knoxville A Ohio—1st M., gold, guar.by rent.c\tr
....
66
1890
1885
E s d Ws Ala.— cons. M., g. ($15,000 p. in.) c 116 1886
at et
1st
Sastem(X . II.)—Stock......................................... 16
94
E River—
el
Stock, 2*a to 3 p. c., guar, by Wabash...
Elgin Joliet dE stern
a —1st M. ($10,000,000) gold.c* 177 1891
E b tm Lex. d Big S n y See CHESAPEAKE A Oni 0.
liza eth en
ad—
Elm C
ira ortlandd N
orthern— pref. M., gold, .c* 120 1884
1st
120 1884
1st mortgage, gold...........................................
34 1884
Elm d La eO
ira k ntario—Sodus Bay &
So.—1st M., g. c
Elm d W sport—St’k, com.,5 p. c. ren’l,N.C. 751*2 ....
ira illiam
Preferred stock, 7 p. c. rental, 999 yrs.,No. Cent. 75ia
1st mortgage.................................................. r 75ia
_
Income bonds, 999 years to run.................... c*
85
E d Pitts.—
rie
Stock. 7 p. o. rental,999 yrs.,PennCo.
Consol, mort. free of State tax (for $4,500,000).c
81
81
Equipment bonds............................................c
General mort. for $1,500,000 series A, g., guar...
81
Erie d W in V
yom g alley— mortgage................ c ....
1st
E
ureka S gs— mortgage, gold................... c 19
prin 1st
2d mort. income bonds.........................................
E
uropeandN A erican— Maine Central.
orth m
See
E n
va svilledIndianapolis— H. A Southe.lst M.c*
T.
Evansville & Indianapolis 1st mort.. gold,guar..c*
Consoi. mortgage (for$2.500.000) gold, guar.c*
E n dliich— gen.M., $12,500 p. m.,g.,guar.c"
va s,
1st
E nsville d Terre Haute—Stock...........................
va
1st consolidated mortgage, gold......................c*
Mt. Vernon Branch mortgage, gold.................c*
Sullivan County Coal branch mortgage, gold...c*
1st general mortgage for $7,000,000, gold......c*
$1,000
1,000
1,000
100
100
1,000
A
&
A
&
A
A
D. June,’92, eou. last paid.
j . N. Y., Chase Nat. Bank.
D. Last paid Dec., 1887.
D. Boston, by Treasurer.
0. Boston, by Treasurer,
N. N. Y., Drexel, M. & Co.
Dec.
July
Dec.
Dec.
Apr.
May
1, 1940
1, 1925
1, 1926
15,1892
5, 1893
1, 1941
1879
1884
1886
1891
1881
1883
1890
1892
750,000
6 g- A. & O. N. Y., 192 Broadway,
1,250,000
5 g. A. A 0.
do
do
500,000
5 g. J. A J. N. Y., Nat. Bank Com.
500,000 ,5 per an. M. & N. Pliila., Penn. KK. Co.
500,000 7 per an. J. A J.
do
do
1,000,000
J. A J.
6
do
do
570,000
5
A. & 0.
do
do
1,998,400 7 per an. Q .-M . N. Y., Union Trust Co.
2,109,000
7
J. A J.
do
do
511,000
A. & 0.
do
do
7
775,000
do
do
4 g. J. & J.
3,000,000
•6
J. A J. Office, Dunraore, Pa.
500,000
6 g- F. A A. N. Y., Mercantile Tr. Co.
do
do
500,000
6
Feb’y 1.
Apr. 1, 1914
Apr. 1, 1914
July 1, 1924
Nov. 1, 1892
Jan. 2, 1893
Jam 1, 1910
Oct. 1, 2862
Moh., 1893
July 1, 1898
Oct. 1, 1900
July 1, 1940
July 1, 1913
Feb. 1, 1933
Feb. 1, 1933
1,000
1,000
1,000
1,000
50
1,000
1,000
1,000
1,000
__
1868
1870
1890
1883
1883
1883
144
25
15
182
J.
j.
J.
J.
A.
M.
1,000
1,000
1,000
50
50
1,000
500
50
1,000
1,000
1,000
1,000
1,000
500
1860
1863
40
55
135
112
$320,000
5 g.
2,000,000
6 g.
1,725,000
6 g.
738,750 3 per an.
3,000,000 2ifiperan
5,589,000
5 g-
251,000
M. A S. N. Y., Farm. L. ATr. Co.
7
653,000
do
do
6 g. j . & j .
1,596,000
do
do
6 g. j . & j .
1,400,000
5 g- M. A S. !N. Y., Farm. L. A Tr. Co.
3,000,000 See text. See text N. Y., Farm. L. A Tr. Co.
3,000,000
do
do
6 g. J. A J.
375,000
do
do
6 g. A. A O.
450,000
do
do
5 g. A. & O.
1,237,000
do
do
5 g. A. & O.
Sept. 1,
July 1,
Jam 1,
Sept. 1,
Jan. 25,
July 1,
Apr. 1,
Apr. 1,
Apr. 1,
1,1803, on 1st 7s, Divisional 5s, Alabama Central 6s, Knoxville & Ohio
6s and Louisville Southern 5s, were paid at maturity. On February,
1,1893, Cincinnati extension coupons were paid when due.
Ca p it a l Sto c k .—Both the first preferred and the second preferred
stocks are entitled to a non-cumulative dividend of 5 per cent.
D ividends have been: On first preferred stock in 1887, 4 per cent; ir
1888, 5; in 1889, 5; in 1890, 5; in 1891, 2.
B o n D8.—Besides the bonds of the Knoxville & Ohio in the table above
the company guarantees $3,000,000 Mobile A Birmingham 5 per cents
and $5,000,000 Louisville Southern 5 per cents—see those companies.
The trustee under the consolidated mortgage of 1886 and the first
extension mortgage of 1887 is the Central Trust Company of New York;
$7,325,000 consolidated bonds were reserved to retire prior bonds of
the Alabama Central RR. and the East Tennessee Virginia A Georgia.
The Cincinnati Extension bonds of 1890 were issued jointly by this
company and the Richmond A Danville, and are guaranteed, principal
and interest by the Richmond & West Point Terminal. They are further
secured by a deposit of £340,000 6 per cent preferred A shares and
£783,010 ordinary B shares of the Alabama Great Southern. There was
also to be deposited for them $500,100 stock of the Cincinnati New Or
leans A Texas Pacific, and pending such deposit $500,000 in cash. See
abstract of mortgage in V. 52, p. 83.
The issue of bonds under the extension mortgage of 1887 has been
limited by vote of the Board of Directors to $5,140,000. These bonds
are exchangeable for the get:era! mortgage bonds of 1890.
L atest E arning s .—From July 1 . 1891, to Jan. 31, 1892 (7 months),
gross earnings including the K. & O., the Louisv. South, and Mob. A
Bir., were: $4,695,986, against $5,168,485 in 1890-91; net over ex
penses and taxes,$1,279,126, against $1,502,381. For 2^months end
ing Mar. 7, 1893, gross, $1,112,676, against $1,188,521 in 1892.
A n n u a l R e po rt —Fiscal year ends June 30. Report for 1890-91 was
In V. 53, pp. 711, 714. The results do not include Knoxville A Ohio, etc.
1887-88.
1888-89.
1889-90.
1890-91.
Miles operated June 30___ 1,069
1,067
1,197
1,265
Total gross earnings...... $5,109,917 $5,301,624 $6,412,078 $6,718,730
Oper’ng expenses & taxes 3,393,238 3,508,610 4,338,838 4,644,289
Net earnings.$1,716,679 $1,793,014 $2,073,240 $2,074,441
Net, incl. mis. income...... $1,723,835 $1,809,770 $2,125,927 $2,200,745
Interest on bonds............$1,086,993 $1,223,852 $1,404,743 $1,855,243
Div. on lstpref. st’k, 5 p.c.
550,000
550,000
550,000 *550,000
Miscellaneous..................................
16,156
18,775
Balance........................ sur.$60,686 sr.17,143 sr.171,184 df.278,464
•This dividend was paid in the year out of previous income, but from
the earnings of 1890-91 only 2 per cent was declared, payableNov. 30,’91.
—(V. 52, p. 80, 83, 831,902; V. 53, p. 407. 7 1 1 ,7 1 4 , 922; V. 54, p.
643, 800, 924; V. 55, p. 21, 255, 856, 895, 938, 1110; V. 56, p. 206.1
Ea**t 6 W e s t R a i lr o a d o f A la b a m a .—Owns Cartersville, Ga.,
c
to Pell City, Ala., 117 miles; branch, 2 miles. Stock issued, $10,000
per mile; par, $100. Chas. P. Ball, Cartersville, Ga., Receiver. Cer
tificates for $649,863, bearing 8 per cent iuterest, were issued
5® put
road in thorough repair. Gauge changed to standard in
1890. In November, 1892, decree of foreclosure was obtained. (V. 55,
p. 938.) Litigation as to validity of $981,000 of the bonds pending.
Sale advertised for Apr. 10, 1893. No interest is paid on receiver’s certi
ficates. Tn year ending June 30,1892, gross earnings were $128.0301
net, $11,821. In 1890,91, gross, $133,479; not, $6,868. E. Kelly,
President, New York. (V. 55, p. 938; V. 56, p. 463.1
E a s te rn (M a s s .)—See B oston & M a in e
E a s te rn M in n e s o t a .—See G r e a t N o r t h e r n .
E a s te r n (N . H . ) —Owns trora Portsmouth, N. H., to Seahrook
(Massachusetts State Line). 16 miles. Leased to the Eastern E E (now
consolidated with Boston & Maine) from October 1,1878 for 60 years
and 2 months at $22,500 per year. In June, 1891, a stock dividend of 50
per cent was paid. Dividends till increase of stock were 4n> per cent
per annum, since increase, 3 per cent. The directors have been author
ized to arrange for a union with the Boston & Maine. (V. 52, p. 939.)
E el K lv e r .—Owns from Logausport, lnd.,to Butler. Tnd’ 94 miles
Tins was formerly the Detroit Eel Elver & Illinois Eailroad, sold under
foreclosure July 6,1877. Leased for99 years, April 1, 1887, renewable
u 'n "1
’
per cent, I'ftarl- ou the stock till April, 1892,
V
then 2ig till 1895 and 3 per cent thereafter. V. 53, p. 436. 1
°
ter. 1 1
1 .—32miles; branches, 11 miles; total,
1 Jrn t
a
belt line affording to roads approaching Chicago facilities for transfer
;h efcoLll«ehisSf°SnindV% n;nt ‘er W‘ tb° Ut breaJdn« b,l,k' A1™ “
,
t!s
s
Stock .—Stock, $6,000,000; par, $100.
Bonos .—First mortgage (trustees Central Trust Co. and J M Butler!
Is for $10 ,000,000; the balance unissued oan be disposed of forextenBions. betterments, etc. Bills payable were $120,000 July l is o !
L atest EARNiNos.-Froui July 1, 1892, to Jan. 31,1893 <7 months!
!m ,0 9 6 '
' a(fB
$482’9e2 1 18!U: bet. $154,462, a|j£lnst
,1
1909
1924
1926
1931
1893
1921
1923
1930
1942
A n n u a l R e po r t .—Report for 1891-92 was in V. 55, p. 677. In 189192 gross earnings, $815,134; net. $267,202 (against $195,834 in 189091); interest on bonds, $278,900; deficit, $11,698. President, 8amuel
8pencer. New York.—(V. 52, p. 350; V. 53, p. 6 0 3 ; V. 55, p. 677.)
E li z a b e t h t o w n L e x in g t o n 6 B i g S a n d y .—See Cu e s . A O hio
c
E l m i r a C o r t la n d 6c N o r t h e r n .—Owns Elmira, N. Y., to Cana"
stota, N. Y., 119 miles, and leases during corporate existence, Canastota
Northern Railroad, Canastota to Camden. N. Y., 21 miles. Sold in fore
closure in 1878 and again in February, 1884, and reorganized as at
present. Stock is $2,000,000; par, $100. From July 1,1892, to Sept.
30, 1892 (3 months), gross earnings were $125,867, against $111,244
in 1891; net, $57,137, against $44,942. In year ending June 30,
1892, gross earnings were $395,819; net, $115,990; interest on preferred
mortgage, etc., $46,400; rentals, etc., $18,000; surplus, $51,590. In
1890-91 gross $463,452. Austin Corbin, President, N ew York City.
E lm i r a 6 L a k e O n t a r io .—Owns from Canandaigua, N. Y., to
c
Chemung Junction, 64 m iles; Sodus Point to Stanley, 34 m iles; other 2
—total, 100 miles. A consolidation in December, 1886, o f the Sodus Bay
A Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all tlie $1,500,000 stock and $226,000
Sodus Bay bonds, including $164,000 in insurance fund. Lease may
be terminated on thirty days’ notice from either party. In 1892 the
gross earnings were $714,918; net, $5,774; interest, $25,000; other
charges, $15,938 ; deficit, $35,164, payable by lessee.
E lm i r a 6c W i lli a m s p o r t .—Owns from Williamsport, Pa., to E l
mira, N. Y ., 75*2 miles. This company was reorganized under the pres
ent name February 29,1860, and leased to the Northern Central Rail
way for 999 years from M ay 1,1863, at a rental o f $151,500 per annum
after January 1, 1880. The dividends on the common stock are 5 per
cent and on the preferred 7 per cent, less taxes, making dividend on
common 4*56 p. c. ai d on preferred 6*34 p. c. Gross earnings in 1892,
$1,135,940; net, $332,326; rental, $153,460.
E r ie & P i t t s b u r g . —Owns N ew Castle,Pa., to Girard, Pa., 82 miles;
branch, Dock Junction to Erie Docks, three miles; trackage (Lake
Shore & Michigan Southern); Girard to Erie, 17 miles; total operated,
101 miles. Road opened in 1865. I t was leased to the Pennsylvania
Railroad for 999 years from March 1,1870, at a rental of 7 per cent on
stock and interest on the bonds, and the lease was transferred to the
Pennsylvania Company.
In October, 1890, a new mortgage for
$4,500,000 was executed, $3,262,000 being reserved to retire prior
73,966and the balance for improvements, &c. The lease has been
bonds
quite unprofitable to tbe lessees, the deficiency paid by them in 1885
being $354,633; In 1886, $225,794; in 1887, $287,306 in 1888, $211.
063; in 1889, $290,734 ; in 1890, $267,705 ; in 1891, $201,724,
E u r e k a S p r in g s .—Seligman, Mo., to Eureka Springs, Ark., 181
*
miles; projected to Harrison, Ark., 50 miles beyond. Stock, $500,000;
par, $100. There is a traffic contract with St. Louis & San Francisco.
In year ending June 30, 1892, gross earnings were $76,112; net,
$41,619; interest 1st mort., $30,000; interest on incomes, $15,000.
Total surplus June 30,1892, $30,806.
E v a n s v ille 6 I n d i a n a p o l i s . — ( See M E
c
ap vansville& TerreH
aute)
—Owns Evansville to Terre Haute, Ind. (via Worthington), 138 inilesU
branch 6 m iles; leases branch to Brazil, 12 m iles; total 156 miles. A
consolidation in October, 1885, of three corporations, viz.: the Evans
ville & Indianapolis, the Evansville Washington & Brazil and the Terre
Haute & Southeastern RRs. Of the consolidated mortgage bonds,
$904,000 are reserved to meet prior liens. The consolidated bonds and
the bonds o f 1924 are guaranteed by the Evansville A Terre Haute Co.,
which owns entire capital stock, $2,000,000.
From January 1 to Dec. 31, 1892 (12 months), gross earnings were
$383,321, against $354,318; net, $196,785, against $174,398.
In year ending June 30, 1892, gross earuings were $368,795; net,
$179,210; fixed (marges, $168,514; surplus, $10,696. In 1890-91 gross,
$328,278; net $142,132. (V. 54, p. 13 9.)
E v a n s v ille 6 R i c h m o n d ,< See M E n d Terre H.)—Owns
c
—(
ap va s.
Elnora to Westport, Ind., 102 miles, and coal spuis 10 miles and
projected from Westport to Richmond, 65 miles. Controlled and
operated by the Evansville & Terre Haute, which guarantees by en
dorsement on each bond the principal and interest of the general mort
gage 58 and owns the entire capital stock o f $1,500,000. Tbe author
ized issue of these bonds is $2,000,000, o f which $1,4 00,000 were to be
used to retire the Eastern and Western Division bonds. Of the amount
given above as outstanding $122,000 were held in November 1892, to
retire a like amount o f Western Division gold 5s (M. & 8.) due Sept. 1,
1928, not yet exchanged. See V. 54, p. 366, 587, 643.
From Oot. 1 to Oct. 31, 1892 (1 month), gross earnings $14,285,
against $9,664 in 1891.
E v a n s v ille 6 T e r r e H a u t e .—(See M
c
ap.)—
Owns from Evansville
to Terre Haute, Ind., 109 miles; Fort Branch to Mt. Vernon, 37 miles;
other branches, 15 miles. Proprietary Lines—Evansville Belt Railway,
5 miles; total operated directly, 166 miles. Operates, keeping earnings
separately, Evansville A Indianapolis (which see), 144 miles,and leased
Line, 12 miles; Evansville & Richmond Railroad, Elnora to Westport,
102 miles, and coal spurs 10 m iles; total o f all, 430 miles. The Rock
ville Extension, 23 miles additional, is leased to the Terre Haute &
Logansport and Chicago & Eastern Illinois for $12,000 yearly. Also
owns entire stock of Evansville & Indianapolis, wkioh see.
SAILROAD
M a b c h , 1868.]
STOCKS A2TD BONDS,
H
59
mton Earbor
H
Jones V.
CH IC,
Aurora
Joliet
Bolivar
Fossilise
■abash
kifftcm]
Earlon
Eartford
[Alevan
Danville-
/LiHCOur
folosa#
;*-wCastle
KJ?E»fTO<
Himcht
S lC A T U
a ta v ftj
lOomwlMilte
-
tiaavtUtt
■
IlCtWJ
VandtiMa.
Ig jg g
e v a n s v iu I e
V
1
GffAVCVfLt.4
«Tfw#WT*tr&fci
Danville
XaHot
'Hncet^n
i m m l l v i te
’Adsirvl te
iiiton
Clarktvi!
MAP OF THE
EVANSVILLE 4 TERRE HAUTE R. R.
EVANSVILLE 4 INDIANAPOLIS R. R.
EVANSVILLE 4 RICHMOND R, R,
EVANSVILLE BELT RAILWAY.
PEORIA, DECATUR 4 EVANSVILLE RY.
Louisville, Evansville 4 St. Louis Consolidated.
lEMPms
INVESTORS’ SUPPLEMENT.
iv o u
L\I.
Snt>«criber» w i l l c o n fe r a g re a t fa v o r b y g i v i n g im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d i n th ese T a b le s .
Bonds—Princi
IN TE RE ST OR DIVIDENDS.
RAILROADS.
pal, When D u e .
Miles Date Size, or
Amount
Whon
Par
of
For explanation of oolumn headings, &o., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Dividend.
Cent.
Whom.
Road. Bonds Value.
on first page of tables.
Bvansvillt Terre 77. d C hic—1st M., g.,mt. guar..o*
2d mortgage, gold, int. guar, by Ch. A E. I l l — o*
Incomes................................................................
Fall Brook—C o t . Co w . A Antrim deb., red. at lOO.o*
Farm ville d Poxchalan—1st mort. for $550,000---Second mortgage for $500,000, incomes...............
Findlay Ft. Wayne d West.—lstM.,g.,$lS.0O0p.m.c*
Eastern extension 1st M. for $1,050,000, gold...
Fitchburg—common stock......................................
Pref. 4 per cent stock, non-cum............................
Bonds. $500,000 are Os, due Oct. 1, 1897...........c
Bonds, $500,000 yr’ly,’99to 1903 incl., bal.l908.o*
Bonds...................................................................
Bonds to State of Mass. (3*2 p. c. int. till Feb., ’97)
Bonds.............................................................. c&r
Bonds...................................................................
Bonds ($1,500,000 due 1907, interest A. A O )....
Bonds..................................................................c
Bonds for $1,791.000...........................................
Boston Barre A Gardnor 1st M., $91,300 are 7s..
2d A 3d morts., $95,700 o f 3 p.cts. are 2dm ort...
Troy & Boston 1st mold. (V. 53, p. 405)...............
Boston Hoosac Tunnel A W. debentures, see text
Cheshire RR. plain bonds, $550,000 due 1898..cy
Brookline A Peppered plain bonds, guar. (end)..
F lin t d Fere Marquette—Common stock ($3,500,000)
Pref. stock, non-cum illative (for $6,500,000)......
Holly Wayne A Monroe 1st M. guar.p.A i., end. .c
Flint A Pere Marq’tte mortgage 6s of 1920, gold.c.
Consol. M.,(for $10,000,000) $20,000 p. m., g.C'
Port Huron A Northwestern—1st mortgage...... o
1st M.on Port. Huron D iv.,for $3,500,060,gold.c*
Equipm’t bonds, $40,000 flue annually Nov. 1 e
49
49
60
1870
1872
1881
1883
1888
1889
1890
1893
$775,000
325,000
150,000
890,000
320,000
500,000
1,080,000
.$1,000
1,000
1,000
1,000
100
100
’74&’ 7 1,000
•80-’88 1,000
1889
1887
1,000
1887
1890
1,000
’84-’87 1,000
1890
1,000
1892
38 L 1873 100 &c.
>
1875
1,000
35 1874
1,000
1883
76 ’78 500 &c.
629
629
65
281
384
218
228
1871
1880
1889
1879
1889
1887
io o
100
1,000
1,000
1,000
1,000
1.000
6
6
6
6
6
6
5
5
g. M. A
g. j . &
M. &
M. A
M. A
F. &
g. J. A
g.
7,000,000
i7;ooo;ooo See text.
1 ,000,000
6A 7
4,500,000
5
750,000
5
5,000,000 3^3 to 4
4*2
2,250,000
500,000
5
2,500,000
4
4
500,000
j.
N. N. Y., Farm. L. A T r. Co.
j.
do
do
N.
do
do
N. Phila., Fidelity Trust.
N.
A.
J. N. Y., Washington Tr
& j.
A. A O.
Various
M. & S.
F. & A.
M. A S.
J. & D .
Various
J. A D.
Boston, Office.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
391,000
5 & 7 A. & 0.
do
do
153,000
3 A 6 J. A J.
do
do
577,000
7
j. & j .
do
do
M. A S. N. Y., Kountze Bros.
1,400,000
5
J. A J. Boston, Fitchburg RR.
800,000
6
100.000
J. A D.
do
do
5
3,298,200
6,342,000 See text. F. & A. East Sag., Mich., Treas.
1 ,000,000
J. & J. N. Y., Merchants’ N.Bk.
8
3,999,000
6 g. A. A O. N. Y.. Mer. Ex. Nat. Bk.
1,800,000
do
do
5 g. M. A N.
A. A O.
104,000
7
do
do
3,125,000
do
do
5 g- A. A O.
200.000
M. A N. Boston, Intern’l Tr. Co.
5
May 1, 1900
Jan. 1, 1900
May 1, 1920
May 1, 1898
May, 1922
July 25, 1923
July l. 1940
1943
Jan. 16, 1893
Ap.’94<teOe.’97
Var.’99 tol908
Mch. 1, 1899
Feb. 1, 1937
Sept. 1, 1897
June 1, 1900
1904-5-7
June 1, 1920
Apr. 1. 1893
July 1, 1895
July 1, 1924
Sent. 1, 1913
July l , ’96-’98
Deo. 1, 1911
Feb. 15, i893
Jan. 1, 1901
Oct. 1, 1920
M ay 1, 1939
Oct. 1, 1899
Apr. 1, 1939
N o v .l.’93to’97
F lt e lib iir s r .—Owns from Boston, Mass., to Fitchburg, Mass., 50
miles; Greenfield to Troy, N, Y. 85 miles; Vermont to Rotterdam Junc
tion, 61 m iles; Boston Barre & Gardner Railroad, Worcester to Winchendon, 36 miles; South Asliburnham, Mass., to Bellows Falls, Vt.,
54 miles; branches, 71 m iles; Monadnock Railroad, 16 miles; total
owned, 372 m iles; leases and operates—Vermont & Massachusetts R ail
road (which see), Fitchburg to Greenfield, 56 miles; other, 8 m iles;
total leased, 64 miles; total June 30,1892, 436 miles, of whioh 155
miles double track.
Or g anization —In 1887 the Fitchburg RR. Co. consolidated with the
Troy < Greenfield and purchased the Hoosao Tunnel RR. and Troy &
fe
Boston; on October 1, 1890, it consolidated with the Cheshire Rail
road and on October 1 ,1892, with the Boston Hoosao Tunnel & W., the
Troy Saratoga & North, and the Monadnock.
Sto c k —T he State of Massachusetts owns $5,000,000 o f the common
stock. The preferred stock is entitled to 4 per cent dividends, then
common and preferred receive dividends share and share alike. On
October 1,1892, the preferred stock was increased from $16,498,000
to $17,000,000 by consolidation referred to above.
D ivid e n d s .—On preferred stock: In 1887, 2 per cent; in 1888,2; in
1889, nil; in 1890, 2 p. c.; in 1891,3^ p. c.; in 1892, Jan., 2 p. o.; July, 2;
in 1893, January, 2 per cent.
B onds .—T here are also $48,000 Monadnock Railroad 5 per cent
bonds due July 1,1897; and a 4>4 per cent mortgage note o f the H.
T. D. & E. Co. for $500,000 due Ap ril 5,1893. On Deo. 31,1892, there
were outstanding loans and bills payable amounting to $700,000
(against $650,000 July 1, 1892). For Vermont & Mass, guaranteed
securities see that company.
To pay $1,400,000 Boston Hoosao Tum i-! & Western bonds subject
to call upon 60 days’ notice and $391,000 Boston Barre & Gardner
bonds du - April 1, 1893, th - directors were authorized in September,
1892, to issue bonds for $1,791,000. V. 55, p. 503, 544.
L atest E arning s .—For 6 months ending Dec. 31 earnings were;
6 Months.
Oross.
Net.
In t., taxes, dc. Bal.,surp.
$1,257,542
$725,206
$532,336
1892.............. $4,043,168
1891..............
3,815,467
1,273,882
714,954
558,928
A n n u a l R dpo rt .—Fiscal year ends June 30. The annual report for
1891-92 was in Ch ro n icle V. 55, p. 501.
Tear ending June 30.
1888-89.
1889-90.
1890-91.
1891-92.
Total miles operated......
369
369
436
436
$411,346 Total gross earnings........$5,747,985 $6,259,533 $6,851,002 $7,348,805
Op. expenses and taxes.. 4,390,792 4,525,605 5,133,465 5,336,778
$296,664
Or g a n iz a t io n , Contracts , E tc .—This was formerly the Evansville A
Crawfordsville RR. It belongs to the Mackey system, and is operated
in close connection with the Louisville Evansville A St. Louis and the
Peoria Decatur A Evansville—which see. In 1890 a ten-year traffic
contract V/as made with the Chicago A Eastern Illinois for a through
route between Chicago and Evansville, and in December, 1892, a con
tract was entered into for the operation of both companies as one line,
as far as traffio is concerned. (V. 55, p. 995.)
Stock .—A n increase of stock from $3,000,000 to $6,000,000 was
authorized by stockholders in October, 1892, but no further action
taken. (V. 55, p. 462, 679.)
D iv id e n d s since 1880.—rn 1881, 4 ^ per cent; in 1884, 5; in 1885,
3 ; in 1886, 4; from 1887 to 1890, inclusive, 5 per cent per annum; in
1891,7; in 1892, January, 2; April, 5 per cent in general mortgage
bonds; October, 5 per cent in cash (semi-annual); in 1893, January, 2 ^
per cent, (dividends changed to quarterly.)
B onds . G u a r an t ie s . E tc .—Evansville A Richmond bonds for $1,400,"
000 and certain Evansville A Indianapolis bonds are guaranteed. See
those companies. There are also $30,000 Evansville A Terre Haute
consols, due July 1, 1910, and car trust notes July 1, 1892. $689,217.
The Ev. A T. Haute general mortgage covers 182 miles o f road owned
and $3,500,000 o f stock o f proprietary roads, having a mileage o f 277
miles. Of the authorized issue $3,855,000 are held intrust to retire the
prior bonds at maturity, the mortgage providing that the prior liens
ehall be paid and not extended. A sufficient amount is also held to
Retire the car trust notes; $1 ,000,000 of the bonds were sold to provide
fo r double-tracking, etc., in preparation for the Chicago Exposition.
E arning s .—In calendar year 1892 gross earnings were $1,282,814,
against $1,212,788 in 1891; net, $685,881, against $624,139.
A n n u al R e po rt .—Fiscal year ends June 30. Annual meeting is held
a t Evansville the third Monday in October. Last report in V. 55, p. 854.
Tear ending June 30—
1889-90.
1890-91.
1891-92.
159
161
.
165
T o ta l miles operated...............
•Gross earnings....................... $970,551
$1,102,629
$1,225,413
Net earnings........................... 473,457
494,685
--------Other income.......................... 51,855
44,056
Tdtal net income............... $525,312
Interest on debt, etc............... $204,300
Dividends................................ 150,000
$538,741
$221,175
165,000
„ ,
$354,300
Balance, surplus.................... $171,012
$386,175
$152,566
V95, 165.) 672; V ’ 54’ p* 119» 587» 643; V - 55» P- 462> 639, 679, 854,
E v a n s v i l l e T e r r e H a u t e Ac C h ic a g o .—Owns from Terre Haute
junction, Ind., to Danville, 111., 49 miles; leases 6 miles; total operated,
55 miles. It uses 6 miles of the track o f the Rockville Extension into
Haute; also leases the Indiana Block Coal Road, 15 miles. On
188 », a lease to the Chicago A Eastern Illinois was made for
D99 years; terms, $75,000 per annum and the assumption by the Chi■cago & Eastern Illinois of all rentals and taxes paid by Evansville Terre
Haute & Chicago. Majority of tlie stock is owned by Chicago & Eastern
bonds8’ Wh 0h guarantees interest on the first and second mortgage
B ,ro o lf H a l l w a y . —Owns from Corning, N. Y., to Antrim,
Pa., j.1 miles; branch to Harrison Valley, Pa., 33 miles; Fall Brook
branch, , miles; leases Syracuse Geneva & Corning Ry., Coming, N. Y
' V,58 ‘ nii es’ uud branch, 6 miles; and Pine Creek Ry.
8tokesdale Junction to Newberry Juno., Pa., 75 miles; total, 232 miles
'V ’ hKTchi;n'im ie^ly. C?rnil1" Covmiesque & Antrim. Name
changed July i, 1892, and stock increased to $5,000,000. See V. 55 p
21. Dividends paid quarterly, March 31, etc. The coal line of P i.Sin
York Central is over the road of this company,
which Jointly with said companies guarantees the bonds of the Pine
Greek Railroad Company. For bonds called in 1893 see V. 56, p. 463
T. i TtfCT T > niTTvni.
.1
T«.. 1
n _ i nn .
_
v io -i oftK.
T ,n . r o » o ’ o:, ’ r , earmugR or tlie C. C. A A. were
$72-L285 , net, $193,209; surplus to lessee,$33,247. Geortre .1 Ma^ee
President, Coming, N. Y. (V. 53, p. 568 ; V. 54, p . 469? f 5 5 ,p 21.)
. F a r i n v i l l e A P o w h a t a n . —Owns from Bermuda Hundred. Va
’< >B arm ri lie, 89 miles, and branches to Eppes’ Falls, etc., 8 miles- total 97
x
miles. Coml’^ted March 3,1890. 8t.ock authorized: Common, $500 $o00,000; par, $100. From January 1 to March 31
J ™ 1 * 8* $18,729. against $16,055 in 1891; net'
1
$ 60.;, agst. loss of $1,745. In year 1890-91 gross, $93,018; net, $17,639’
•
■
UCf,
'
------- - W
, F * n d la - ” o r t W a y n e A: — e s t e r n . —
* i ,**n<
*5 F
*Owns road in oneration
from Find
line” U nillps’mlVimooni ll!^r'’ ’h19 constructed to Fort Wayne IndState
Line, 11 miles additional, l o be ruUe?’ aud completed to Indiana
21
® ^ e8-T
,-°5, JanUftry 2 4 ’ 1893’ stockholders voted to extend the road
from Findlay to New London, Huron County, 66 miles to increase
•capital stock from $1 440,000 to $3,090,000, in d to create on proposed
•easterly extension $1,650,000 first mortgage 5 per cent gold bonds
Trnatpoac/0
American Midland sold m foreclosure In §une, 1890
Trustees o f mortgage are Washington Trust Co. o f New York and Allen
Zollars o f Ft. Wayne. Stock authorized, $18,000 per mile
N et earnings.................................. $1,357,193 $1,733,928 $1,717,537$2,012
Rentals paid......................................
$281,280 $271,980 $274,980$260,9
Interest on debt................................
762,806
799,153
869,068945,27
Other interest................
27,875
8,264
20,21618,793
Dividends.......................
...........
261,835
562,749
649,238
Balance, surplus............
$285,232 $392,696 def. $9,475 $137,745
—(V. 53, p. 256, 4 05 , 714; V. 54, p. 243, 762"; V. 55, p. 256, 4 19 , 501
503, 544, 765, 806; V. 56, p. 247.)
F l i n t & P e r e M a r q u e t t e .—(See Map.)—Owns from Monroe, Mich.
to Ludington, Mich., 253 miles; 11 branches to East Saginaw, Fostoria,
etc., 135 'miles; Port Huron to East Saginaw, 90 miles; Port Huron to
Sand Beach (3 feet), 70 miles; Palm to P ort Austin (3 feet), 35 miles;
Port Huron to Altmont (3 feet), 34 miles; total operated, 629 miles, of
which 139 are 3 feet gauge.
Organization , Securities , E tc .—Sold August 18,1880, under the
consolidated mortgage, and reorganized. In 1889 consolidated with cer
tain branches (see V. 48, p.222) aud absorbed Port Huron & Northwest
ern (see V. 48, p. 260). The consolidated mortgage o f 1939 is a first
mortgage on l i d 1 miles of road. Trustee Central Trust Co. On Jan. 1,
*
1892, there were outstanding bills payable for $478,677. In Febru
ary, 1892, $150,000 Port Huron Division 5s were issued, and in May
$300,000 first consols.
D ivid end s .—On preferred stock since 1885—In 1886,4Lj; in 1887,5^;
In 1888, 7 and 5 e x tra ; in 1889, 6 ^ ; in 1890, 6 per cent; in 1891, 3>3;
in 1892, Feb., 21 Aug., 2 per cent; in 1893, Feb., 2 per cent.
?;
L atest E arnings .—From Jan. 1 to Jan. 31,1893 (1 month), gross
$230,291, against $242,108 in 1892; net, $50,786, against $61,445;
interest, rentals, >tc., $50,336, against $47,242; balance, surplus,
$450, against $14,203.
A n n u a l R e po rt .—Fiscal year ends Dec. 31. Report for 1891 in V.
54, p. 798.
Tear ending Dec. 31.
1890.
1891.
1892.
Total gross earnings........................$2,923,575 $2,900,624 $2,886,715
Operating expenses and taxes....... 2,042,409
2,039,411 2,024,754
Net earnings.............................. $881,166
$861,212
$861,961
Interest on debt..............................
558,104
581,771
607,943
Dividends...................................... (5) 317,100 (4)253,680 (4) 253,680
Bal. for the year............................sur. $5,962 sur. $25,761
sur. $338
—(V. 52 p. 350,428, 760; V. 53, p. 968; V. 54, p.328, 367,447, 798,889.
flavour
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INVESTORS’ SUPPLEMENT.
64
fVou LVI.
S u b s c rib e r s w i l l c o n f e r a g re a t fa v o r b y g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e re d In th e se T a b le s .
Bonds—Prinol
IN T E R E S T OR DIVIDENDS.
Date Size, or
pal, When Due.
Amount
Rate per When Wha**e P*vable, and by Stocks—Last
Par
of
of
For explanation of column headings, Ac., see notes
Outstanding Cent. Payable
Whom.
Koad. Bonds Value.
Dividend.
on first page o f tables.
RAILROADS.
Florida Cetdral <f fe n .- 1 s t M. $5,226 p. m, gold.o*
2d M. (1st on ext.. 92 miles) $5,226 per m „ gold.o'
Consol. m ort„ $7,800,000 ($10,000 p. m .), gold. .0’
Florida Central A Peninsular Terminal bonds---Fonda Johnstown it Glorerscille—lstM.,8.f.,notdn.c*
Cons. M. for $500,000 ($300,000 res’d for 1st M.)c
Fort Wayne <* Jackson—Common stook..................
Prof, stook (8 p. o.), 519 p. c. rental Lake Shore..
Fori Worth d Dear. City— 1st M .,g.,$18,000 p. m.c
Equipment bonds................................................c
Pan Handle RR. 1st mortgage.............................
Fort Worth <f Bio Or.—1st M., gold, $20,000 p. m.c*
Galveston Harrisb. it S. Antonio—1st M.,g.,land gr.o*
2d mortgage, Harrisb. and Houston to San Ant.c'
West. Div. 1st M., g., SanA.toElPaso.636 m.Abr.c'
2d mortgage (see remarks).............................o'
Galveston Houston it fiend. o f 1882—1st M., guar. .0
Georgetown rf- ID-sIrrii—1st mortgage, gold.......... 0
Georgia Carolina it Northern—1st M.. gold, gnar.c
Georgia Co —Tr'stb’ds,s.f.,dr.at 110aft.July,92,g.c
Georgia Midland it Gulf—1st M., gold (See text)o*r*
2d mort., lucomes, non-oum.. $7,500 per m ile— r
Georgia Pacific—1st M., $10,000 p. m.,gold.int. gu.
Con, 2d M. ($9,000 per mile) gold, interest guar.c*
Con. 2d income, non-cum,($9,000 p. m.), gold. .c,ter
Equii». morL, guar. R. & D., g., s. f., suty. to call.
Equip, M., g., p. A 1 gua. R. AD., subject to call..0‘
.
C&r trusts............................................ .
Georgia Railroad i Banking Co.—Stock................
Bonds, not mort. ($300,000 mature In 1922).c*&r
Bonds, notm ortgage...................................... -...r
575
666
780
1888
1890
1893
10 1870
26 1881
98
98
454 1881
15 1889
15
146 1888
. ... .’7 i-’ 80
225 1880
671 1881
671 1881
50 1883
36 1887
268 1889
1887
i'oo 1893
100 1893
566 1882
566 1888
566 1888
1889
1891
307
....
77A80
1887
$1,000
1,000
1,000
100 Ac.
100 &c.
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
500 Ac.
500 Ao.
1,000
1,000
100
1,000
1,000
F l o r i d a C e n tr a l Ac P e n in s u la . —Owns Jacksonville to Chatta
hoochee, 209 miles; Tallahassee to St. Marks, 21 miles; Femandina to
Tampa, 241 miles; Waldo to Cedar Keys, 72 miles; Wildwood to Or
lando, 53 miles; Hart's Koad to Jacksonville, 25 miles; Jacksonville
Belt Line Railroad, 3 miles; other, 42 miles; total, 666 miles. Also has
operated since Jan. 1,1892, under agreement, separately, the East
Florida A Atlantic RR., Orlando to Oviedo, 16 miles. See also below.
H is t o r t , L eases , Etc .—The Florida Railway A Navigation Com nany's
property was sold in foreclosure in 1888 and reorganized by plan in
V. 46, p. 289. 'Several extensions have since been completed, and in
September 1, 1892, leased for 99 years the South Bound RR.,
extending from Savannah, Ga., to Columbia, S. C., 136 miles. The
Florida Central lias under construction and will complete by September,
1893, a line from Hart's Roads to Savannah, 114 miles, to connect the
systems, and until that time the roads w ill be operated separately.
8ee. V. 55, p. 177, 215, 503.
Sto c k .—Common stock is $20,000,000, par $100; 1st preferred, 5 p. c.
cumulative, $1,582,000; 2d preferred, 5 p. c. non-oumulative, $4,500,O
OO. In March, 1893, the 1st preferred was being exchanged dollar for
dollar for new consol. 5s and the 2d preferred for new preferred stock,
4 per cent, cum illative.
B onds .—Car trusts 7s, June 13, 1892, $177,698, due in live years.
Under the consolidated mortgage for $7,800,000 (Trustee, N. Y. Guar
anty A Indemnity Co.) sufficient bonds were reserved to retire first
preferred stock and the prior bonds at maturity. Consols for $1,800,000
were sold in 1893 to build the Savannah extension. V. 55. p. 995. In
July, 1892, interest at 5 per cent was guaranteed from Oct. 1,1893, on
$2,033,000 bonds o f the,South Boimd RR. Co. See So. Bound.
E ar m n o s .—From July 1, 1892, to Sept. 30, 1892 (3 months), gross
$326,627 against $296,396 In 1890 91; not, $64,811, against $47,636.
In year ending June 30,1892, gross earnings on 660 miles were $1,645,655; net, $551,488; taxes, $64,500; interest, $163,714; balance,
surplus, $323,272. In year 1890-91 gross on 596 miles, $1,341,879;
net, $330,165. (V. 55, p. 22, 145,177, 215, 297, 995, 1034,10351; V.
56, p. 403.
F o n d a J o h n s t o w n Ac G l o v e r s v l l l e . —Owns from Fonda, N. Y.
to NorthviUo, 26 miles. The stock is $300.000; par, $100. In Novem
ber, 1892, purchased by N. Y. Central parties, and extensions' said to
be projected. V. 55, p. 856,1035. Loans and bills payable $62,196
July 1, 1892. In year ending June 30,1892, gross earnings, $229,383;
net, $88,257. (V. 53, p. 641; V. 55, p. 589, 856, 1035.)
F o r t W a y n e A: J a c k s o n .—Owns from Jackson, Mich., to Fort
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to
Lake Shore A Michigan Southern at a rental of $126,027, equal to 51
®
per oent on the preferred stock, and after 1887 any net earnings over 8
per oent on preferred stock to be paid as dividends on common stock,
cut not exceeding 2 per cent t. year.
F o r t W o r t h Ac D e n v e r C it y .—( See Map Tnuon Pacific Denver it
G ulf)—Owns from Fort Worth, Texas, to Texas State line, 454
miles, and operates Pan Handle RR., 15 miles. The Union Pac. Denver
A Gulf owns $7,766,000 o f this company’s $9,375,000 stock; par $100
See abstract of mortgage, V. 45, p. 440 (trustee, Mercantile Trust Co of
New York.) The stock of the Pan Handle RR. is owned, and Its bonds
(except $7,000) are held by trustee o f U. P. Den. A Gulf cons. mort°In year ending December 31, 1891, gross earnings were $2,014,720net, $592,946; fixed charges, $497,030; balance, $95,916. In 1890’
gross, $2,044,562; net, $795,359, (V. 51, p. 875; V. 52. d , 2 3T, 428.j
F o r t W o r t h Ac R i o G r a n d e .—In operation Fort Worth Tex to
Brownwood, about 146 miles; completed in August, 1891. The iine
Is further projected to Iron fields In Llano County. See V. 52 p 81
642. Mortgage trustee is Central Trust Company, New Y o rk ’ Stork
authorized, $3,500,000; outstanding, $2,923,300; par, $100.
In 1892, gross earnings were $388,628; net, $121,390. In 1891 gross
$330,075; net, $126,908; Interest, $137,084. (V. 51, p.569, 6 8 0 -V
52, p. 81,351,642.)
’
’
G a lv e s t o n H a r r i s b u r g Ac S an A n t o n i o . —(See Map o f Southern
ta c iflc .)—Owns from Houston, Tex., to San Antonio, Tex., 217 milesLaGrange Extension, 28 miles; branch, 8 miles; leases 12 miles • total’
86<-mlles. Western Extension, San Antonio to Rio Grande R iver 636
miles; Eagle Pass Branch, 35 miles. Grand total, 937 miles.
’
Or g a n iz at io n , Sto c k , Et c —Operated by the Southern Paciflo Com
pany, which owns all but $580, H 2 o f the $27,093,012 stock (par, $100).
B onds .—First mortgage covers 256 miles of road and 1,076,331 acres
of land valued at about $1,467,000. It has a sinking fund of 1 per cent
but it is optional with bondholders to surrender their bonds if drawn’
The Western Division second mortgage 6s are held by the Southern
Pacific Company and bylarge holdersofSoutheruPaciflcsecurities who
liabilities Jan. 1, 1892, $2,680,701; floating assets, $669,0§4. * lo,lt' uS
E arnings .—From January 1 to January 31, 1893 (1 month) gross
$360,474. against $359,427 in 1892; net, $73,818, against $91 425 In’
1892 gross earnings $1,556,424; net, $1,094,085. In 1891 gross
$4,51/,589; net, $1,247,369; surplus over fixed charges $94 6 8 3 ’
—(V. 54, p. 800; V. 55, p. 100, 146.)
M
lffl
B ’
’
$3,000,000
5 g. J. A J. N. Y., Am. Excli. Bank. July 1, 1918
428,000
do
do
5 g. J. A J.
Jan. 1, 1930
1,800,000
J. A J.
do
do
Jan. 1, 1943
40,000
7 g300,000
7
J. A J. N. Y., St. Nioh. Nat. Bk. July 1, 1900
200,000
6
A. A 0.
do
do
Apr. 1, 1921
436,132
2,291,416 5*2 p. an. M. A S. N. Y., Farm. L. & Tr. Co. Mch. 1, 1893
8,176,000
6 g. J. A D. N. Y., Union Tr. & Boat. Dec. 1, 1921
160,000
5
M. A S.
do
do
Mch. 1, 1899
225,000
5
J. A J.
do
do
July 1, 1929
2,923,300
5 g. J. A J. N. Y., H.B.Hollins A Co. July 1, 1928
4,756,000
0 g. F. & A. N. Y.,So. Pac. Co., &Bost. Feb. 1, 1910
1,000,000
J. A D.
7
do
do
June 1, 1905
13,418,000
5 g. M. & N. N.Y\,So.Pac.Co.,23 B ’rd May 1, 1931
6
6,354,000
J. A J.
July 1, 1931
2,000,000
5
A. A 0. N. Y., Mercantile Tr. Co. Apr. 1, 1913
200,000
5 g. M. & N. N. Y., Bk. of New York.
1917
J. & J. N. Y .,Merc.Tr. Co. & Balt. July 1, 1929
5,360,000
£ g’ J. & J. --------- coup, last paid.
4,000,000
5 g.
July 1, 1937
1,650,000
4 g. J. A J. N. Y., Central Trust Co. July 1, 1926
750,000
4
J. A J.
In default.
Jan. 1, 1926
5,060,000
6 g. J. & J. Jan. ’93 coup, bought. Jan. 1, 1922
5,002,338
5 g. A. A 0. Apr. ,’ 92, coup, last paid Oct. 1, 1923
5,042,338
5 g. A. A 0.
Oct. 1, 1924
1,273,000
5 g. F. A A. N. Y., Central Trust Co. Aug. 1, 1903
540,000
do
do
6 g- M. & N.
May,’92-1906
M. & S.
(?)
4,200,000 11 per an Q .-J . N.Y.,Am.Ex. B ’k & Aug. Jan. 15,1893
2,300,000
6
J. A J.
do
do
’97,1910,1922
200,000
5
J. A J.
do
do
Jan. 1, 1922
G a lv e s t o n H o u s t o n Ac H e n d e r s o n o f 1 8 8 2 .—Owns from G a l’
veston, Texas, to Houston, Texas, 50 miles. The road was sold in fo re ’
closure December 1, 1871, and again August 1, 1882. Control is
vested In the Mo.Kan. A Tex. Leased for 99 years to the International
A Great Northern and bonds guaranteed by that company. The lessee
it is said pays Interest and turns over to this company all surplus
earnings over expenses, taxes, etc. Stock, $1,000,000; par, $100 In
1891 gross earnings were $449,992; net, $63,621; taxes, $10,629.
G e o r g ia C a r o lin a Ac N o r t h e r n . —Owns road in operation from
Monroe. N. C. to Atlanta (Inman Park), Ga., 268 miles; completed
to Atlanta in April, 1892. The line is part of the “ Seaboard”
system, and the bonds are guaranteed (by indorsement on each
bond) by tbe lessees, the Seaboard & Roanoke and Raleigh A Gaston
RR. Cos. They cannot be redeemed before maturity. The Mercan
tile Trust & Safe Deposit Company o f Baltimore is trustee of the mort
gage; see abstract of same in V. 49, p. 239. Stock authorized, $1,000 000; outstanding and paid in, $527,126 (par $100), mostly owned by
the lessees. Loans and hills payable, July 1, 1892, $465,009. From
January 1 to December 31,1892, gross earnings were $292,597, against
$146,010 In 1891. R. F. Hoke, Athens, Ga., President. (V. 54, p. 889.)
G e o r g ia C o m p a n y .—This company was formed in 1887 to control
the Georgia Central Railroad A Banking Company, of whose stock it
owns $4,000,000, all pledged to secure its trust bonds. Its own stook
of $12,000,000 is all owned by Richmond A W est Point Terminal; which
has deposited it, together with $3,447,000 of collateral trust bonds, as
part security for its own collateral trust of 1889. In November, 1892,
the Richmond Terminal receiver brought suit to set aside contract by
which the securities o f this company were purchased. See V. 55, p. 938.
Interest is in default. See notice to bordholders in Ch r o n ic l e of
March 18,1893.
G e o r g ia m id la n d Ac G u lf . —Owns from Columbus, Ga., to McDon
ough, 100 miles. Completed in September, 1887. Operates Columbus
Southern, Columbus to Albany, Ga,, 88 miles. lucomes, 6 per cent
non-cumulative, $105,000. Stock authorized, $2,000,000; outstand
ing, $1,245,000; par. $100. Car trusts, $53,900. In 1892 practically
all the old 6s were exchanged for new 4s and incomes. For extensions
additional 1st 4s may be issued at $15,000 per mile.
In year ending June 30. 1891, gross earuings were $212,222; net
over expenses and taxes, $76,434; interest, $89,460. (V. 56, p. 42,164.)
G e o r g ia P a c i f i c .—(See Map o f Richmond it West Point Terminal ) —
Atlanta, Ga., to Greenville, Miss., 458 miles; Woodlawn to Bessemer,
Ala., 19 miles; small branches, 18 miles; Deer Creek branch (tliree-feet
gauge), 22 miles; other lines, 48 miles; total, 566 miles.
L ease , E tc .—L eased to the Richmond A Danville for 20 years from
January 1, 1889, (with privilege o f renewal) ; rental net earnings,
the Richmond A Danville agreeing to make up any deficiency in these
to meet fixed charges, all such advances, however, to be a preferred
charge next ahead of the income bonds (see V. 47, p. 744).
In June, 1892, the Richmond A Danville and the Riohmond Terminal
were placed in receivers’ hands. Interest due Oct. 1,1892, on the 2d
mortgage was not paid, and January, 1893, coupons on first mortgage
were bought by W. P. Clyde and G. F. Stone, who claim the road's in
come w ill soon suffice to pay first mortgage interest. (V. 56, p. 43.)
Sto c k .—Is $8,555,000 (par $100), and $4,378,432 of it is held by the
Richmond A West Point Term. Co., which owns also $1,397,621 inoome
5s of 1888, and has deposited them, as w ell as the stock, as seourltv for
its collateral trust of 1889.
B onds .—The second consolidated mortgage (trustee, Central Trust
Company of N ew York) secures $5,400,000 second mortgage bonds,
and also, subject to these, $5,400,000 second mortgage non-cumulative
incomes, both issued at $9,000 per mile. The equipment mortgage
bonds of 1889 and 1891 are payable by a sinking fund aud are guar
anteed as to principal and int. by endorsement on bonds bv Rioh.ADan.
There are also $109,000 2d mort. incomes. As to default, see above.
E a r n in g s —I n year ending June 30, 1891, gross were $1,889,315;
operating expenses, $1,902,132; deficit, $12,816; charges, $867,580;
improvements and betterment, $426,992; extraordinary expenditures
£ r?Bairs chargeable to previous years, $202,141; total deficit, $1.?.r„
509,531, In 1888-89 gross; $1,330,698; net, *147.244. (V. 53, p. 880.)
G e o r g ia R a i l r o a d Ac B a n k i n g C o m p a n y .—Owns from
Augusta, Ga to Atlanta, Ga., 171 miles; branches to Washington
and Athens, 58 miles; Macon A Augusta RR. (proprietary road), Camack,
Ga., to Macon, Ga,, 74 miles; trackage, 4 miles; total, 307 miles.
Or g a n iz a t io n .—Owns also one-half the stock of the Western Railway
of Alabama (tbe Central Railroad of Georgia owning tlie other half),
and has a one-fifth interest In the Port Royal A Augusta and a tliirtvHve one-hundredths interest in the Atlanta A West Point (which see)
This company, besides the railroad property Indicated above, has a
banking department. In April, 1881, it leased its own railroad (307
miles) and its interest in the other railroad cpmpanies for 99 years to
^ ; , M p'xvadieyt£nd associates, for the Central of Georgia and the Louis
ville & is ashville railroads, at $600,000 per year.
•
D iv id e n d s since 1880—In 1881, 9Lj per cent; in 1882, 1 0 V from
1883 to 1887 10; in 1888, 10%; from 1889 to January’, 1893, both
inclusive, at rate o f 11 per cent per annum (2% per cent quarterly)
Co^ ^ NY’s R e po r t .—In year ending March 31, 1892, rental etc
was $600,095; dimdend (No. 6) from Tiank, $50,000; total, $650,095;
deduot Interest, etc., $179,o l6 ; dividends paid (11 per oent), $462,000;
RAILROAD
M a r c h , 1898. J
STOCKS AND
BONDS.
S u b s t r i b e n w i l l c o n f e r a g r e a t f s r o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
RAILR O AD S.
Miles Date Size, or
For explanation o f column headings, Ac., see notes o f
of
Par
on first page o f tables.
Road. Bonds Value.
Georgia Southern <f Florida.—Stock...................
1 st mortgage <$12.000 p. to.), gold..................
285
Gettysburg * H a rris b u rg -............................. .
35
1st mortgage for $365.000..............................
Goueermur d OmeegaleMe—1st M.. gold, guar..
15
Brand Rapids of Indiana—Stock......................... e*
1st M., land grant, g., *. f. (guar, by Pa. RR.) c* 335
1st M_.g.,<$5O5.OO0 were land grant s.f.not drone’ 335
1st mort., extended, gold, guar, by Pa. R R ...... c* 335
2nd mortgage, redeem, at 105 till Aug. 1 ,1894-e* 367
General mortgage for $13,000,000................ c &r 367
Musk, G. R. A Ind. RE. 1st M.. golthtraf. guar.e*
RR.
M.
37
Or. Tower dt Cap Girardeau -Stk. §500,000 autli..
; Cape ~ '
1 st mortgage........................................
"29
■Grand Tower i Oartom date-Stock.........................
Qrmt .VorfAerw—stock. pref. (no corn, stock issued)
Collat Tr. mort., red. at 100 afterSept,.’93,«uM.e
St, P a « l Mia a. & Mao. —Stock (rental 5 p. c. in grold)
8t. P. Min. A lla n . l*tM .i.gr.,s.f.,g.,d rn a t 103.c' 620
2d mortgage, gold (does not eo ver lands). .... c* 620
Dakota Extension 1st mort. ($ 12,000 p.nte.gold 1 ,
,212
Consol.mort.,1.gr.($13,341.000are6ei.goId.cAr 2,
,467
Montana Extern IstM , ($23,000p. m.i.gold.chtr 411
Pacific Extension 11. for <t«,000,«00,*oM..a**r. 802
Mlnneap. L n. HE. 1st M.,gotd,gu.($05O,OOOare 5*)
East of Minn. 1st M. ($.,0,009 p. in.), , g u. c'.vr
70
M onuna CVn. 1st M .,g.($6,000,000 are « * ) * « . * » ! 201
Withnar ASlonx Palls— l*tM..g.^u.p.Al.(end/o‘ .tr' 117
1887
1891
1892
1869
1809
1891
lilt
1886
1889
1892
1879
1870
1880
1833
1887
1600
1682
1888
1687
1688
$100
1,000
50
1,000
1,000
100
1,000
1.000
Amount
$4,275,000
3.420.000
600,000
JioruJs—Prlnol
IN TE R E S T OR DIVIDENDS.
pal.When Due
Rate per When Where Payable, and by Slocks—Last
Cent. Payable
Whom,
Dividend.
6 8- J. A J. Jan. '92 conp. last paid
July 1, 19*7
A. A O.
Philadelphia
1926
5 g. J. A D. N.Y.,Gr'd CenLStation. June 1, 1942
" s '
300.000
4,986,081
fil 4,036,000
7 g.
1.0 00
1.339.000
4>*g.
1.000
2.975.000
6
1.000
3.745.000
5
1,000
750.000
5 g.
100
350.000
1,000
350.000
50,000
Too 20, 000,000 5 per an,
1,000 15.000.
000
.
4 g'
100 20 .000 .
000per an.
6
100 Ac.
2,769,100
1,000
8, 000.000
1,000
5.676.000
1,000 29,732,000 4 - a l f g .
1.000AO
7.616.000
4 g.
£K>0 Ac £3,000,000
4 g.
$1,000 $2,800,000 5 A 6 g.
1,000Ac
4.700.000
5 g,
1,000Ac
8, 000.000 5 A 6 g.
L,000
5 g.
2.625.000
It
J.
>1.
M,
'
A
A
A
A
A
A
'
J. N. Y ., Winslow, L. A Oo.
O.
do
do
J.
do
do
X,
do
do
8. Mar.’92, conp. last paid
J. IS. Y., Winslow, L. A Oo.
’
AD.
Q .-F . N. Y. Office, 40 Wall St.
M. A 3.
do
do
Q .-F .
do
do
J. A J. New York and London.
A. A O.
do
do
M. A K. New York, 40 W all S t
J. A J.
do
do
do
ib>
J. A D.
J. A J. ;N.Y.A Ism.,Baring Bros
J. A J. New York, 10 Wall St.
A O. N.Y.lOW all; Bos.,Lee,H
.1. A J. •New York, 40 W all St.
J. A D,
do
do
O ot
Oot.
July
Nov.
Sept.
July
1,
1,
1,
1,
1,
1,
1899
1899
1941
1899
1924
1926
Jan. 1, 1919
Fob., 1893
S ep t 1. 1902
Feb. 2, 1893
July 1, 1909
O c t 1, 1909
Nov. 1, 1910
July 1, 1933
June 1, 1937
July 1, 1940
July 1, 1922
Apr. 1, 1908
July 1, 1937
Juno 1, 1938
S
f
A
/
g
y
were m , 3 M , and
G r e a t N o r t h e r n . - * & • tf«p ./ -O p e r»te » under lease the S t P a u l
votal mutk sarpitt** A *v*h 31,189*. * m $ IQ d M 7 .
Minneapolis M Manitoba Railroad, operating 8,872 mile* o f road. Also
r . »BNIND8 ow R a mtOAm .—From July 1, 1808, to
31 1993 rr ow m the entire stock o f the following lines, imt irajm* thAir *uki>nfn<m
I Q f i l J l i U . iP W W b i P H S km lin ant re t
th a
n illa i. o , ! . .
......
i
~
o1 E * ralSbbtt’ were $348,OTs’, against
“
1391-93; net,
$236,605.
year
« , A — * * » « » « • » « net, $300,779, against $238,605. In vear omy as revenue onrom stock* and bond* owned or u* oilier receiptsh
1891-02 gross earnings $1,585,508; n e t $313,642; total* not including The Wiiltaar A Sioux Fall*. Willmar, Minn,, to Sioux Pail*, Dak., 147
f ? i , * ^ 1 ^ S a<I\ reo?lveil* * S 5' a2(S- « “ 1890-91 gross, $1,691,- miles: .the Duluth Watertown A Pacific, Watertown, Dak., to Huron,
i1
J
Dak., <0 miles; the Minncdpoll* Duion. -2-5 miles; She Eastern o f Minne*
mta, 72 mile*.- the Montana Genual, Ureal Fails, Mon . to Butte, Mon.,
253 mile*, including branch©*; total. 545 mile*. Total operated July 1,
ts& gs
uuc
juob * • » “ 1892. 3,417 mile*, against 4,254 miles in January, 1893.
Extension to Piu-irle Coast w..« completed euriv In 1693. Cotnpanr
ta M p filS ? b o 'r t 'v r n
A- P lo r ld a .- O w n * from
Macon, Ga.,
to Pab.U *, FJn., 265 miles, and operates the Manna A Birmingham 4**0 owns the Seattle A Montana, F a ir Haven A Southern and New
(w hlch ^ el.a r) mite*. Completed in January, 1890. In 1991 Mr. f Mis « fstminater. South. RE*., extending from Seattle, Wash., to S. West
, 8Pm k-, wrv, appointed receiver. The Jan.. 1892, coupon* were paid minster, 144 miles, and projected to (Portland, Ore.
llis n m v , Sto c k . L kabbb, E tc.—Thla corporation In February, 1890
l i 92- » ? «
JrtlT coupon went to d efau lt (Sec V. 52, p.
rntiitV'
1802, foreclosure proceedings in-ts- Icsst-.l the .si. ran i Minneapoll* A Manitoba for 999 years-, assuming Its
tuted.. V. no, p, o0S, 6,9. A bondhoSdcr*' committee lias been
funded debt
guaranteeing 6 per ren t per annum iu gold on its $20,rSuru6?«jf^?ith rhJ. Pl J?3’
aLl1 '* ,n%><>rity ° f the f,finds baa been 000,000 stock. Tin- Great Northern's authorixod capital l* $10,000,000,
o f Whteh $20,000,000 Is pnjterred 9 per cent non-oumulattve, and this
r V T f v u i th “ *•
nt a“>rt gage, Lie Mon-antilo Xrust A I.H-pu.n
Baitliiiort, n . M p. 93$., etuck 1* $4,275,0001 par. f 100.
only i* at pns«-nt outstanding. 1'tie Manitobastoaklioiders wennstTcrod
h 18 b‘ , to Jan. 31, 1803 (7 month*', x r a m ••iiruiiig* were tlie privilege o f taking It at 50, the remaining 50 per eeut being paid by
~
*117 ^ I 5
^
n*f,W 6r
2-56® ^ 18ul » ' * net,*133.639, again-t $169,962. a transfer to the Great Northern o f ail th# redorittre owned by the Man
sh ,M carolng* were $766,-117; not, itoba Company, amounting to over $22,000,000. The securities sumulred
f-43,661. In the year 18 9 0 -9 1 , $773,863; not, #240.501; surplus by the Great Northern nave been placed in trust to secure the unity o f
above chargee, $56,l20.-( V. 53, p. 303,679, 722,3sS; v.sa.p. 039 .
the system, (See V. 49, p, 435; v. 50, p. 205.) No Increase o f the procan bo ma»!e without the consent o f the holders of throe... “ •;" V r '< ' ' . ' l ' * « » « - untr> 1 C .W from Gouveroeor to K4- ferred Stockpreferred stock outstanding.
1
nfourth* the
W4fQi, a. Y., !•> miles. Stock. #350*000, Bond* giiarfteteed, ortiseJnai
An agreement with Fhita. A Beading for the consolidation o f lakn
and iatereet, by N. A. Central A Hudson R iver B i t gee V. 85, p. 810.
transportation companies was made In August, 1892. See V. 55, | . 332.
>
w" * Indlaua.-CA-rc Jfap o f I'e n n s y te a n m R l t . t L.iM>s,—St. P. Min. A Man. land grant was 3,848,000 acre*. Land
Owna hom Fort Wayne, Ind, to Mackinaw C ity , 307 mile*; Mftnlatee
Branca, . 5 ; other branches, 40 miles; total owned 432 uiib-s fcave* sales are applied t« the redemption o f 1st mort, bonds at or under 105,
Sale* for y o « ending Juno :s<», 1892, were 124,584 tieros, rot $1,022,and operate# Cincinnati Richmond A Fort Wayne KK., SB- miles - Tra768. and383 town lo ti, for $14,989. The net amount due on land oontractsjum -ao, 1802, was $1,372,67.1; land* unaold, 1,512,217 acres, of
which
Hi. P. A Northern
H ii^ ttr Akb STiKiK.-Oompanv formed In 1854. It is operated in 543,002118,000 acres tn odispute with with Government. Pacific, and
su re* in process f adjustment
rtoht^torate & m a jo2 ity *yJt?nw, w k o ot.il J u ly 1, 1941.
> ma)f r t“ o f th e n i* R?Hroad Company, which holds the
Minneapolis a m. Cloud grant was 476,864 acres; unsold July l,
r % a so v o te
1SUL, 419,000; sales in 1801-92, 3,173 acres, for $10,082.
Bonos.—Of the original $5,375,000 1 st mortgage 7 « $ 3 934 000 were
B w i d h o # Ac,—Dividend* ou Great Northern preferred stock; In
gimrontocd by the Feun. HE. and #4.439,000 w ^ h r o . S n t bonds
1891. th ;
1892,5
Id 1-991 the company agreed to extend ail Us 7 per cu t lir-t umrt. •Voy.-inner, 1690, 1 percent; iu have been in per cent per emit.
Dividends on Manitoba stock
8
yearly since 1880.
bondaat 4>a per emit for fifty year, from Jtiiv 1, The extended bond*
Put. Kill- P r k h ’.r r k b Sto c k .—I n 1890,80 * 8 6 ; In 1891, 72»124>*orecndorscil with the guaranty of the Beansyivanla Railroad Company
in 1692,1)9*144 ; In 1893 to March 17. inclusive, 132*s»142tj.
If not “S i hv° fiw,V fte “ ,U!fy
O
»»<1 “ « imnd Iteeif at n m l n r t t l
, P.-c'i-'. -tn 1692 the Great Northern Issued It* collateral trust tmud*
L ? ? n Z t i L % Ihe l a n T ^ n f 1 ' 1 * ',mpanJ'- Tilt: « « « “
" *
for $15,000,000, secured by demesit with the trustee o f *3,000,000 Pacific
J : i aS !,Vaatft K,“ '
!• 1892,owned the $2,075,000 2d mort- Extension t- of the 8L Paul Minn. A Manitoba Ry, Co, Any or ail of
tites© iKind* are subject to call for redemption nt par and Interest at
w y
a,‘ >'G' i " JdterBcpt. 1.1893. opon thn-c months' notice, v, 34, p, 525.
Whim
4 M“ ± S i *S?of >883 Is for $50,000,000, of
wtiich $19,426,000 wore reserved to p ar prior liens. The mortgage on
mord A Fort W ayne BR. and fr a v e w e City HE bond*, aeo those co.'a, , r -....... -- — .................. * ------------------ ---------- S L .„, $15,000 par mile
Montana EHentUm i« for $25,000,000 for extensions, ,,
1CW.1SO !•!.*>, Default w »* made Sept, 1.1802. on coupon, of gen-1 lieUlK
tnT • « » » • » Irack. Abstract V. 45, p, 342,
fu nd Cm
w mlr *" Mr,r« h- l f » 3 . tiic , omnauy offered to ,
extension mortgage lor 40.000,000 (truatee o f mortgnro Cene 11 *
^
* ' bonds iron* March 1, 1392, to March I, 19< , *rni I rust Company o f New York>, provid#-# for i»ond^ at £d <XK) tier
hi
nu11
1
rfI?!4
1L
? i e 1 H 1 b.
h$
e
»eud iumusiiy
Montana and £7,000 per mile west of Mmitaim; £3,Q0Qt$$0
iiabiml.-S
y**1 T ni S®4110® tbe
1
cur- ; « f l hU i^ u e ore Pledged to seouro the Great Northern’s collateral
runs uft&mtiea UU 1900 to $081,261. See plan V. 56# p, 413.
: tnmt bemda. See abstract o f mortgage, V. 52, p. 82,
I
’ 1, 1892, car triw tf w e re ^ 1 0 ,0 8 7 ;!
booth* cover the passenger terminals at Minne-
s u s f e M R . a r d a s t - ’ «•«•"( -...—
PS
btmpxmxj4^0/JM|*S,n5*mdr iM rig a g «a o n *rS r| j| S £ | $ S ^ ,1 8 6 r,^lle *oro«B t^lSSalSrtppl,0 1
1
sfcaah’
*'*«•
an4 * ,ub,e-ln ,lk sU>uc » - h ^
©ms*#« bu
{ )v " '
y ^ i * ***** *-*# w « . ; &oe Mauiwun mmm
I i8»u^, iitni the Great Northdru a#8iuoea the guaranty.
o f Uie^KhmiTav^dS./w*^.1
31' !8fl3 n month), gross earnings
Th<s Wff*mor <t M mu Falls bond* are endorsed with join t and several
$41378 a2,,iT?J. 4 IC^ 5 6 * 2 i8»4>8. against $217,051 In 18 0 I-02- net, ! (Omranly < f th« Manitoba and Great NorUteiu Compaule#. Further
,
>
, W ® '**3,
: K*S5? °4 tgw e may be made at $17,500 per mile for mldlUonai road.
r M ^ C41' P r-koRT.—^ eport for 1891 was Jn V. 54, p, 885 showing ' - ->9« P - 247.
R
Ilu d ln c i’uM l i o n
rentals and mlsccllam-ons in' 1891 in ! .
EAUttreOM— From July 1, 1802, to Feb. 28, 1893 (8 mouths)
the y 4 r 18914fbe0l*™V
!s !t“ ;> *;f>,372 f o r ' Xtcmtlng immis. in «hv wtlroabsl grow Of the St, Paid Minneapolis A Manitoba were
momi-ige iniTi-im-..|i
KR- f f- '“ der It* guaranty of first l ffl'iOO.f^d, agafiist.$0,069,958 1 1 1891-92, and for the entire Great
1
in T w 'J S s 8 t ^ ? * « ^ 3 '3%0 S0U? « u' thereon. See V. r, t. p. 406.
[ Northern system $11,514,819, 0gainst $10,798,028 Iu 1891-92.
*3.076,b-o iu 1*91 .
V--.6 ’ •
18,9 ’ s ’ 1« n „
409
I io s
1|8 y
Mile* operated..........
Gres* Interne............$2,232 768 * ’ 291 166 n m n .
Setovcrexp's A taxes *7ot till '*7 ««7 1 4
Dltep-st oil imnds ... * 7 1 ', «og
’S n - ’ iAJ
i ,e„te‘.!:r,?,V,’V leVl
,
® «3
s i 'M
^'i'mciipoHs A Manitoba Co., (2) the Gt, Northern luemm- aeeount,
! 3>thw ‘-'ar> .ngs of the Eastern of Minnesota, Montana Central, rite.
lS
n-> OPauaTtoS-M. PAtil, MtKNEAPOU* A HANtTOHA,
1
49® I 1car end. June 30. 1688-89.
1889-90.
1390-91.
1831-92
-777------- ------------------------- -----1 ; Fiwscascr earng's. $1,809,865 $1,774,588 $1,876,900 $2,028,949
.................. - * 7 g ^ 0 W
*795,1*9
$829,090 *1,012,54
^/elglit oaralngs .. 0,075,837 0,915,167
7,628,011
9,720,480
?a ■
;
•
<te/..«48. » * » »ur.$30,2<»S Itr.# n 7 ,7 8 *e M «>. exp., Fut*, Ac. 641,004
084,205
770,743
854,693
*, l>. 4 20,898, v. ,»4, p. 276, 8 8 S; y, 5 5 , p. 3 73 , 4 i 3 .t
Tot.grosseam ».$8,58«,566 $9,374,000 $10,281,711 $12,004,128
Total
-t
J-io-oT,
m m :S m
,»A ?Sp '^ ,KE, ; f t -_ K I T , ‘ ^ , <
k
’Ud? Juno3°- Annual meeting is held
Tile annual report
i-S !L
; tor 1891-92 w a » gnbltsued iu the Ciih o s ig l B, v . 55. p .078,1013,10 37.
_ A dA , , ,
The bdlowlng tablre shows (1) earnings of the lines leased from 8t.
MAP OP THE
t
Igreat
northern
RAILWAY SYSTEM.
INVESTOES’ SUPPLEMENT.
KAILKOAD
March , 1893.J
STOCKS
AND
65
BONDS.
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
IN TE RE ST OR DIVID E ND S.
RAILRO AD S.
Miles Date Size, or
of
Par
F o r explanation o f column headings, do., see notes ot
Road. Bonds Value. o S S S S f m
on Bret page o f tables.
Greta Bay Winona ,i St. f o u l—Common stock.
Preferred stock (see t e x t!.............................
Consolidated mortgage, gold............................. c no t
2d mortgage, income, non-eumulative................o 221
Gul f J Chicago— Stock.............. .............................
03
G u lf Watt. <t Texas.—IM M. ($20,000, p. m.) gold---- 111
22
Hancock J Calumet—Consol. M.. gold. red. tit 105..
Hannibal J St. Joseph—ConsoL mortgage.............e* 292
Harlem U tter ■» Porlehsxter—Soo N, V. N ew H a v e N A H
Harris!). Portmn’iA Ml. Joy Jr Lane.—Stoek,7p. e.gu.
54
1st mortgage text'd in 1383), Hit. guar. Pa. R R . r
54
Hartford ft Connecticut Western—Stoek......... ........
1st mort gage........................................................
itii
Hereford—Sea Ma in e C e n tu m ,
Housalonte—Bee S ew Y o k k S'Ew H i v t s A EEABTF
Houston Central Arkansas «f Wmrflttm—1st inert
Mortgage o f 1890......... .......................................
Boast. Hast ft West Texas—1st M.t$7,000 p.m.l.gold. 193
2d mortgage, laud grant , *©,000 per mile...... c* 192
B o u n d Tex. Cent. UK. - l e t M.Lgr.,g.,red. at I10.c'*r| 453
ConsoL M.Jand gr.. gold, int.guiir. by So. Pao.o'Ar 453
Gen. mart.. gold, interest guar, by So. i ’ ac— o*4r 453
Debent., p. and l. guar, by So. Pur. See text i M i i
D ebeat, a. and i. guar, by So. Pae. See text.o' dr.
Bud. Hus Bridge J X . E. By.—lstM.SlO.OOO.OOO.c'Ar
Tatrend. J « i « 3 0 . 1888-88.
M a fn t-o f w a y ,A c . .$1,133,372
Maint. of c a rs .......
424.426
Motive power _____ 1,330,231
Transportation...... 1,197,413
General...........
T a x e s .............. .
466,083
244,391
1889-90.
$776,506
497,517
1,479,640
1,242.490
531,020
274,351
8100
100
1392 500 do.
1892
1,000
100
1891
1391 ! 1,000
1881 1 1,000 I
a n r.
50 !
1833 :500 Ac.
100
1,000
1883
1339
1890
187.3
1383
1890
iiS
1890
1890
1888
1890-91.
$1,243,001
.513,670
1,628,845
1.302.052
476.597
299,031
1,000
1.000
1.000
1,000
1.000
1.000
1.000
1.000
Payable ~
Bond*—Prin ci
pal, When Due.
Stocks—Last
Dividend.
$ 8 ,000,000
3.000.000
2.500.000
5g.
3.781.000
400.000
0)
2 .220.000
5 g.
330.000
5 g.
8.000.
000 6
F.
F.
J.
J.
!J.
M.
A A. N.V., Farm. L.A Tr. Co. Feb.
& A. N. Y „ when earned.
Aug.
& D.
..............
A D . S', Y., Mills Building. Dec.
A J. N, Y., Third Nat. Bank. Jan.
& s. N,y.,Bk.ofNo.Am erica. Mob.
1.182,550 Tiveran.iJ. A J. Phila., Company’s Oflioe
700.000
4
J. A J.
do
do
2,635,700 2 per an. F. A A. N .Y .,C e n tN .E . A W est
Hartford.
d A J.
608,000 I
'
1.078.000
917,800
1.344.000
i
750.000
! 7.513.000
| 3.563.000 i
: 4.3112.000 »
1
705.000
4 i!,o o o ;
(ft
5
5
d
J.
M.
J.
^ g. J.
A.
A.
A.
4
A.
5 g. F.
lS
‘
8
A
A
A
A
S
i
A
A
A
A
A
D.
J.
N. Last coup, paid May,'30
d
J. N.Y.,OflieoM ilis Bulltlg
O.j
do
do
OH
do
do
do
do
do
do
8
A.
In default.
:
Jan.
July
Fob.
July
1,
1,
(ft
1,
1.
1,
1911
1906
1941
1931
1911
10, 1893
1, 1913
28,1893
1, 1903
July 1, 1920
1898
Jan.
July
Got.
Apr.
Oct.
Oct.
Fob.
1,
1,
1,
1,
1,
1,
1,
1913
1937
1912
1921
1897
1897
1938
1891-92. and 1882, 7; in 1883,3; in 1887, 7; In 1888, nil; in 1889,5; in 1890,
$2,243,513 nearly 2 per cent; la 1891 6'82 per cent. I n c o m e accounts
011,895 have shown as follow*: Surplus over charges: In 1891. $409,780; In
2,230,530 1890, $ 10 2 ,9 7 1 ; in 1889, $276,732. (V. 53, p. 325; V. 54, p. 888.)
i , 541,434
H arrisburg P orU m ou th M ount Joy A Lancaster.—Owns
505,876
367,551 from DtllerviUe, Pa., to Harrisburg, Pa., 36 muea; branch, Middletown,
Pa., to Columbia, Pa., 18 mile*; total operated, 54 mile*. Leased to the
Total expenses. $5,000,006 $1,791,124 $5,46.'!.600 $7,500,849 Penn*ylranin RR. Co. for 999 year* from January 1, 1861, the rental
being 7 per cent on the stock and Interest on the bond*, taxes and ex
S et earning* ....... $3,386,499 $4,592,876 $4,918,109 $5,103,279 penses ot organization. Stock, $1,182,550; par $50. Forma part of
P.c,of exp. to earns.
58-23
51 11
53 14
59-51 mala line of Pennsylvania RR.
<2i G R E A T S O U T H E R N R A I L R O A D I N C O M E A C C O U N T .
H a rtford Sc Connecticut W estern.—Owns from Hartford,
Tear ending June 30.
1890-91.
1991-92. Conn., to RblneeUff. N. Y., 108 miles. An extension from TarlflViUo,
Net earning* of 8t. Paul Minn. A M a n i t o b a . $4,918,108
$5,103,279 Conn., to Springfield. Mass., is proposed, RoorgtuiDedln 1881 andin 1888
interest on bonds owned...............
Dividend* on stock* o w n e d ......... .................
Rental* o f leaned Unee....................................
In tercet a n d e x c h a n g e ..........................................
B ill* receivable..............................................
Other in com e.................................................
285,704
21,036
183,705
1 18 ,586
199,480
114,424
Total receipt*............................. .............$5,742,043
340,187 a controlling Interest In the stock was purchased by parties Interested in
18,036 the Poughkeepsie Bridge. Lcam-d till August, 19*39, to the Central
178,256 New England A Western, now merged in the Philadelphia Reading
249,763
135,630
17,547
$1,0*2,698
$1,390,000 is owned by the leasee and pledged under Its mortgage.
H o u .a t .m lc .—See N e w Y o rk N e w H aven A H artford .
Bald rental of 8t. Paul Minn. A Man. RR.... 4.084,672
5,090,224
Ho
ast A W e s t T e
Dividend*........................ .....................(3%) 050,0X1 <511,000,000 from u s t o n HTexas, to Sabine x a s , —(Narrow gauge, 3 foot.)—Owned
Houston,
R
Miscellaneous................... ................... .
18,750
......... 73,800 acre*. In July. 1885, M.iver at Logansport, 192 miles. Lands
O. Howe was appointed receiver.
Total diabursementa............................ $4,753,422
*3,099,224
Surplus........................................ .......... $983,021
$943,474
(3) KASTERX M
INNESOTA, M
ONTANA CENTH ETC.
A!.,
Fear end. June S0,’02.
Gross.
Met.
Fixed charge*.
Balance,
Eastern Minnesota.. .$1,278,970
*780.388
*312,952 $467,436
Montana Central..... 1,205,809
520,900
443,100
83,800
Minneapolis Baton... 294,084
235,718
190,000
70,718
Wiilmar A Sioux Fait* 400,245
266.008
157,500
109,108
The net earning* here tncludn "other income," which for Eastern
Minn., was $155,524; for Mont. Cent, $.1,530; for Minn. Union, $1,850.
—(V. 53, p. 95, 126,156.368. 407, 474,777, 792,797, 880; Y. 54,
525, 683; V. 55, p. 59, 332. 975, 995, 1013, 103 7; V. 50, p. 42.1
Green Bay W in o n a A; St. P a n !.—Road owned from Green Bay,
Mia., to Marshland, WK, 209 miles; branches, 13 miles; trackage to
Winona, 4 miles; total, 226 mile*. Also lease* the Kewaunee Green Bay
4 Western RR., Kewaunee to Green Bay, 30 miles. The Winona 4
Southwestern (which see), Winona to Osage. U7 miles. Is operated In
the *ame Interest, Extrusion of the Winona A 8 . w. to Omaha, 238
mile* additional, and the building of the Green Bay St. F nul A Minne
apolis from Alma Centre to St Paul, 120 mile*, projected.
iiirroKT,—in August, 1992, reorganized without foreclosure by plan
of Feb. 24, 1892. See 80Fi-i.KMK.vr of July. 18»2. and V. 54. p. *43,
486.643. 800. Delaware Lackawanna A * extern parties are interested
Hi the property. Farmers’ l*«tn A Trust Company, trustee o t the
Brst mortgage, was still in pow*»i«n March 16. 1893.
In August, 1892, a traffic agreement was made for a through freight
llua so the cost over Hi. Toledo Ann Ariser A North Michigan via tne
Delaware Lavkawauuu A We»(eru. Connection with the X. A. A. A X.
B 1* made by ferry. Hen V. 35, p. 331.
The Green Bay at. Paul A Minneapolis was organized in July, 1892,
oy panics identified with the Green Buy Winona A St. Paul, to build
to st. Paul, I .() mile*. stock and tends to an aggregate a t $2,300,000
being authorized, See V. 55, p, 251.
Stock.—
The prwfcrr.Nl stock is entitled to 5 per cent, if earned, then
common to 5, then preferred to 2 p. c., and common to any balance.
EAiurtwo*.—From Ang. 1, 1892. to Jaa. 31, 1393 <6 month*), net
earning* were $00,02), against $18,120 in 1891-2. In year ending
LantG,!EH??..<
»»tulng».werg.g)l 1,336; net, $37,333. In year
188090 gross, $.!30..»19; net, $62,747. sawuol rtoun. President. (V.
53, p. 712, !«.;•»; V. 54. p. 113.496, 013, 800 i V. 55, p. 253.)
G u lf W estern A Texas— Port Lav,,,-., to Cucre, Texas, 50 miles;
Victoria to Beeritlc, 55 miles; total. 1 1 1 mile*, a Southern Pacific
SS3^r l ’ .
l
Moreau's Isnuatoua A Texas owning all but $3,300 or the
$600,009 stock. In 1891 gross earning*.-fa9,8U9; detlclt under oper
ating expense* and taxe*, $86 ,6 8 8 . See V. 53, p. 890.
Hancock a fu liim ct,—Own* narTow gaug,.- road from Hancock
s n n i l 11,
l » HHle*: branch. 3 mile*, stock, $.150,000; par,
«0O--;,f which $*» 9.000 i* owned ny Miner.| Range RR. Co. -Which
kuio h im •H«dend.a% Pwas paid Jan. 1 , 1893. Mortgage 1*for
“
ir< W " ®‘ 75’W26; '> P -ttn ,e X.
SP* J «* « Ph,-Owna from Hannibal, Mo., to St.
Lferao^c^-Cameron to K u m m City, 53 miles j
Kan • 20 niiles; Palmyra to q u tn e y , 111., 13 mile*;
lea- *• 4 im U’* *totaJ
295 m u m . Owns bridge at Kansas City.
Foreclosure sale took place Aug. 2, 1892, both mortgages being fo re
closed. Sale continued in November, 1892, and in February, 1893,
the purchaser wa» given till next term o f court to comply with terms
of sale, V. 55, p. 856; V. 50. p. 331.
R e o r g a n izat io n .-^The old Brets, principal and accrued interest, are
exchangeable at face value for new Bret mortgage forty-year gold
five* at $20,000 a ratio on the 192 mile*, making a total Issue o f $3,840,000. About $2,000,000 will bo used to settle the principal and intcrert on the old ttret* and $300,000 for prior judgments. The remain
der of the issue w ill bo reserved to standard-gauge the road. N ow se
curities will probably be issued in January, 1893.
V. 55, p. 856. In
year 1891-92 gro»* earning* were $.122,933 ; net, $77,037. In 1890-91
gross*I54 ,5t i; net, $118,024; taxes, $12,493; permanent Im p rove
ments, $10,104. (V. 51. | . 587; V. 55, p. 215, 850.)
>
H o u s t o n Sc T e x * * C e n t r a l,—t See Map o f Southern Paetflc) —Owns
from Houston, Texas, to Denison, Texas, 338 m ile s ; branches—
Hempstead, Texas, to Austin, Texas, 115 miles; total owned,458 miles.
Also Operate* Fort Worth A New Orleans R y „ Garrett to Fort Worth.
41 mlbr*; Central Texas A Northwestern. 12 mile*; Austin A Northwest
ern, 1 0 2 mile*; other. 4 mile*. The Waco A Northwestern, Bremoud to
Bo**, Tex., 57 miles, was -old In foreclosure Deo. 2$, 1802. Land grant
from the State o f Texas was 10.240 acres per mile.
Hts-roRT.—Foreclosure sale of the Houston A Texas Central
(excepting its Waco & Northw. division) was msido B
epfc, 8 ,
1888, to the reorganization committee, and this railr o o d company or
ganized. but the property I* *tili In the hand* of Charles Dillingham a*
receiver, suit t-. set aside the foreclosure decree having been long
pending.- In November, 1892. the li. 8 . Circuit Court for the Eastern
District of T,-r
dismissed the bill of complaint (see decision V. 55,
927). but ease appcal-d, (V. 55, p. 1035.) For plan of reorganize
n seo V. > 5 p. 792, 820.
4,
Stock.— he new stock i? $ 10 ,000,000 and the old stockholders paid
T
a co*h a*-, - .|jicnt ot $7! 40 per «hnrc to obtain their pro rata share of
the new Mock, (geo V. 51. p. 493.)
Bonds.—
The bonds are being gradually reduced with proceeds of
land sale.*. In December, 1.892, the Morgan's Louisiana A Texas
UR. A 88 . C brought suit to recover $1,313,538. There 1* a claim of
-o.
the State of Texas upon 75 miles of the road against which $899,000
tlrat mortgage bonds are reserved.
The Southern Fact H Company guarantees interest on till the bond*
e
and both principal and Interest of the debenture*. The Bret mortgage
bowls and the consolidated mortgage bonds may bo called for redemp
tion a t ) 10 with proceed* of land sales. See full abstracts of all the
mortgages in V, 52, n. 242. The Brat mortgage wh» a Bret lien on some
thing lc*s than 2 ,000 ,0 ' 0 acre* of land and the- consoil uted mortgage
a flret Hen on about 1 ,000,000 acres. Of the cup ol Idated 0* $1,140,000 (not included in the amount outstanding- above) are held us part;
security for the general mortgage 4s. Trustee of general mortgage is
Metropolitan Trust Co. of N. Y. There arc $29,000'tinton Depot bonds.
The debentures have Interest but not principal payable in gold,
E arninos.—'Til-.earning*, Ac., for year* ending June 30, 1.891 and
1882 were ;i* follow*. 507 miles being operated, this including the
Waco A Northwestern.
Y e a r e n d in g June. M l —
1890-91.
1891-92.
..or, mail, etc.................................... $1,024,959
$982,1 H
it
B a U n m it
L
Freight'............................................................
2,550,084
2,788,247
Total gross earnings...............
$3,575,043
Operating expenses........ ......................... . 2,610,134
$3,770,430
2,647,937
Net" earnings.............................................. .$904,880 $1,1.22,483
(V, 52. p. 51 ; V, 54,1> 287, 4.92, 1007 ; V. 53, p. 927,1035
.
66
INVESTORS’ SUPPLEMENT.
|Vou LVI,
M arc h , 1S&3.J
RAILROAD
STOCKS AND
BONDS.
97
s u b M r i b e n w i l l c o a l e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e ta b le t!.
Bonds—PrinoiIN TE R E S T OR DIVIDENDS.
RAILRO AD S.
Miles ! Date 1Size, or j Amount
pal, When Due.
F o r explxcaUc^o^coliinin henilings, Ac., see notes- ^
^ o f i Par ;Ou,standing R aw per When jWhere Payable, and by Stoeks—Last
Cent.
Payable
Whom.
Dividend.
iitgdon A Sraaa Top—Conn
■ :fc..........
Preferred stock. T iter cent, non-eumillative. ..
1 st iuort., extended in 1890 (tat. only in gold)
2*1 mortgage tint, only parable in gold)...........
3d mortgage, consolidated...... .......................
Z U iM p Ctndrat— Stock.
Leased line 4 per cent stock, guar, (see remarks. ;
1st ixiort. of i Sterling bonds o f 1895..............i
1 S 7 4 l o r Sterl. of '03. £10,000 lii’ n.yrLc i
■*15,000,0001 Sterling bonds of 1905............. >
secures all 4s of 1886, due 1951, gold— o* >
equally.......1.3%# o f 1886,due 1951. g o l d . e * )
Trust bonds sterl. (secured bv Cli. 9 L U 4 5 O.eons.)
1st M. on Cb. A 8p. IIR. (Gilman to Springfield).e
1st M.. Middle Div.,Otto to Norman June, i t e r
Collateral trust bonds, gold. $ , v f .................. c*
Cairo Bridge bonds, gold ssee remarks)— o**r..
COL trust. ^25,000,000. gold,on L. N. O. A T „ e * * r
Chicago St, Louis A New Orleans 1st mortgage...
2d m ortgage.......... ..........................................
Consolidated mortgage (SlS.OOO.ooOhgold.e'&r
Memphis Division mortgage, go ld ............... o'
IndCanop, Zkeatur <* Wegttrn—I . 1>, A Sp. IstM .,g.s. f.
tndlaaap. D e c a tu r* Western 1st mortgage, gold
2d snort, (income non-cam. till Jan,, 1893)— . .<
•
Income bonds, nan-cumulative, drawn at 100...r
indimiui JUmiH* J boro—1st M., gold, red.at pur .c'
1st and 2d lne.Ms.fi$230,600 each) 1p.e.oon-cam.1 j
Mortgage on extension for $500,000, gold........
Ziuitiaui -i M itta lt Southern—l sf mortgage ........ c.
....................................... i
Income bonds.......
htdianapolit t ’n —1st n\, g.. s. f. not subj.to call.c"
850 ; .91,371,750 See text. J. «fc J.!PM1.0f.,4tk&WalnutSt.
do
do
50 ! 2 ,000,000 7 per an. J. & J.
416.000
4 g. A. & O, :
do
do
500
7 g. F. & A .
do
do
500
367.500
5
A, A 0.
do
do
1.000 i 1.497.000
100 50.0iMl.0iK) See text, M. A S.iNew York, 214 B'dw&y.
do
do
10, 000,000 ip e r a u J J . A; J.!
100
6 g. A. A O.
London.
2200 : 2.500.000
1875
1874 ■ £200 ; 3.650.000
A. A O.iLondou,Morton,R.& Co.
J. A: D .;
do
do
1875
£200
1,000,000
A J. New York. 214 B'dway.
1.500.000
1886
1.000
1886 ] 1,000
2.499.000
& J. 1
do
do
5.200.1
><X
)
& J. London. Baring Bros.
1880
£200
A J. i New York, 214 B'dway.
1 .0 0 0 j 1,600,000
1878
do
do
968.000
1881 ! 1,000 I
do
do
<KX)
, 1888 .500 Ac. 15.000,
do
do
1890
1.000
3,000.000 !
do
do
1892 §00 Ac. I 20.000.000 :
do
do
1,000 , 1.365.000 j
1877
do
80,000
do
1877 . 1,000 |
do
11,281,000
1.000
do
! 1881
1969 ; 1,000 i 3.500.000 ;
do
do
See text.
1 1676 : 1,000 f 1.800.000
See text.
142.000 |
I 1888 : 1,000
i 1888
1.000 s 1,382,500
793.000
1.000
1896
1,000 f
Y., Metropol. Tr. Co.
800.000
1869
I
500
do
do
457.500
1889
1893
VhYo .oo O l
1896
1,000
739.000 |
1896
1,000
1,000
980.000 ;
4>sg. M. A S . Phila., Fidelity Trust.
1886
07 :
67
67 , 1854
67 1857
6 7 ; 1865
706
111
131
851
798
567
567
567
100
152
152
152
152
U8
118
M iln lia c ila ii A B ro a d T o p .—
*Own - from Huntingdon, Pa., to
'I
ut :
.
'
15
i
p
e«, 22 m ile*; toi ! operated, 61
mile*. Preferred Stock to 7 percent non-cumulative. Dec. 31, 1892, ear
tm-1:a were $144,637; bill* payable, $30,000, Bends due in 1895 and
1025have interest bnt not principal payable in gold. Dividends on p « famed Stock since 1983—In 1*84. l*o per cent; In 19*7.2; to 1 *** and
1S$0,5 yearly; in 1690,5%; in 1*91,7; in 1892.7; in 1893, J «u ..3 )». On
common stock in '9 l. 2p.
to '92, Jau.. 2; July, 2; In '93, Jan.. 2 1 I n
o
'92 gross earns., $678,122 ; n et.$365,712 : net from CMiSlertes, etc.,
*•4,526; interest,811.7,252; ear trout**, $116,643; dividends, common
and preferred $193,916. In 1891, gross, $6*4.057.
I l l i n o i s C e n t r a l.—(See Map.)—List; o r R o a d - C hicago to Cairo,
-365 miles; Past Dtibimuc to CentralJa, 341 m ile*; Memphis Div!»!i»n
Grenada to Memphis, Tenn. 100 mile*; Chicago fit. lamU A New Orleans
Baiiroad. Cairo, tit , to New Orleans, La., 547 mites: branches. 031
miles; total, 2,284 mile*. Also liases and controls bv ownership of
nearly entire stock Dubuque a (stems: City and teams! fine* 600 radio*;
total June 30,’92.2.884 mile#. in 1 8feae% lte^ (l»^ tll«T s»0 i*V tU eltew '
■Orleans & Texan, owning from Memphis, Teon.. to N ew Orleans, U . ,
456 mites; O M k flU , Miss., to Riverside Junction. 151 miles; other
branches, 52 miles; Natehex to Jackson, M l**. 91> miles; Ciarkedate to
U lster City. 40tn!i‘ «; total, 798 mite*, o f which 71 m ile* narrow-gauge.
liis u m r. L exses, Ac.—This company w » chartered in December,
1850, and organised In March, 1851, The land* granted were ujkj.i
i
the condition that the company should pay to tlie State 7 per cent of
gro w earning* yearly tn lieu o f taxes The company aeipured a controlling interest In the Chicago fit. Louts A New Orleans Railroad,
and leaned it from July 1, 188*2, for 400 rears, at 4 per cent per annum
on stock, and issued the above 4 per cent leased line stock iu exchange
tar a like amount o f the Ohio. St. L. 4 New Orleans stock (see below).
k
The stock at the Dunteith A Dubuque Bridge, $1,000,000, Is owned.
c
in i-802 practically all the stock and bonds of the Loulsv. N. O. A T*-x.
(which seel were urapUred tar $5,000,000 la cash and $20,000,000 in
4 par eeat bonds, part o f an tame o f $25,000,000, secured by deposit
o f the purchased securities. 8e« below, also advcrtliem ent OWKOSICLE,
June 11, 1892, and V. 54, p. 964. The 1„ N, O A T. was consolidated
with f t e Ysutoo A 9 t e d « M Valley RR. Co. in 1892. (V. 55, p. 679.)
la 1987 the Company acquired the stock* o f the teased lines in Iowa.
L in o *.—T he Louisville New Orleans 4 Texas on July 1, 1891, owned
k
579,645 acre* o f land, and there were land and town situ notes in
treasury fo r $758,783—alt subject to its income bonds.
f f i l R W l STOCK.—’The teased line stock l » *ectm d by deposit of
$t0»00O,0fX) ChlbaKo 6t. Lou 1* A New- Orirai; stock, and In case at
default for sixty darsitt the j*»yro«nt o f any *-' ini-;imiual dividend of 2
per cent the stookhobter 1* untltted to hi* share a t the stock pledged.
On'.October 12,1892, stosvkhobtera(voted to increase tie- capital stock
fro m ■$•45,000,000 to $50,000,000 for ImproveiBfiBW. See omtilai circul
ar tn V, 68, p. 253.
D tvn jesjis.—
On common stock since 1982—In 1883, $ and 17 per
cent fa Chicago St. Louis A New Orleans stock exchangeable fo r tesaod
Une certificates; in 1894,10: lu 1895,8; in 1*80,74; In 18*7 and 1989.
7 ; in 188 9.5 4; in 1890,6: In 1891.5; in 1892,3; in 1898, March. 2 4
per cent.
PaiC R or Sto c k ,—I n 1983,124*148; in 1894,1 H )*M 0 ; in 1993,1194
*1 4 0 ; In 1986.130*114.14. in 18-97. 114*138; In 1898, 113* 1 2 3 4 : in
1899, 106*118%; tn 1890.83a 120; in 1801,00* 108%; la » 892,934
*1 10 ; In 1803. to Mar. 17 inclusive, 9 7 % «fl0 4
B ombs,—Cairo Budge bonds are secured by deposit o f a like amount of
‘ Tnoago St. Louis A Sew Orlean* 1st mortgage Cairo Bridge3 percents
tew advertisement in CHKOki* l b . May 7, 1S92.
The tract bonds o f 1886 arc cecmred by dcti*** it o f $3,260,000 Chicago
« r L. A N. 0. c»n»ols. » a d « r e to lie lutnudml In buy new mortgage on
the Illinois Centred lines.
The collateral trust turnd* of 1032 are secured by pledge with the U. 8.
Trust C*! v t New York o f $16,360,000 3 per non! 1st mortgage gold
b «»d * o f eabtedtary railroad# tmvertng K t tulle*. See list, V. 35, p, 550.
Of the $23,000,000 collateral trust lionds Issued on pledge of the
tonisv. s. o. 4 TexM itetettH M purchased in 1802. $3,000,000 are to be
k
retoliaxl by the Illinois Central. Trustee of deed. ij . g. Trust Oompativ.
For the Chicago St. Loot* A New Orleans the lessee guarantee* tile
principal and interest of ;tfi tlie otttstanding bond* prior to the 3 per
sent bond.*, and by an endorsement on the latter baud* guarantees the
payment of the Interest or, the same until the principal 1* paid. Of
these consol. 3* $5,286,000 additional to the amount outsUnding
aijove are pledge*! a» security for the Illinois Central trust bond* of
1*25'
Citicagf) 8t. Louis * N ew Orleans first, mortgage 7s of
1 4 ,,, $>30,000 are a prior lien on that part o f the. road in Tennessee.
OBJtkKsi, FrsASCKS— The. Cairo Bridge bonds were mid in 1802
and $20,000,000 collateral t rust t» were issued to pay for the Loulsv.
N, Orleans A Texas, (See above.> The fixed charges incurred through
the purchase of the L. N. O. A T . will therefore ha $800,000, to which
sbmtld be added the interest on the $3.000,000paid to rash. Assuming
toi# at 5 per rent, the annual rent will I>e $1,050,000. Tills w ill be
n t f- prr « « » f o f the earnings at the road in the rear 1800 91. As
to Chicago ;ake front fleet*ton alMnned by V. 8. Bopreme Court lu
D w tu b er see V. 55 , p. 995,
’
Jan. 24, 1893
Jan. 24,1893
Sept 30,1925
Feb. 1 , 1895
Apr. 1, 1899
Mar. 1, 1893
Jan. 2, 1893
Apr. 1, 1S95
Apr. 1, 1903
Dee. 1, 1905
Jan. 1, 1951
Jan. l, 1951
July 1, 1950
Jan. 1, 1898
Aug. 1, 1921
Apr. l, 1952
Deo. 1, 1950
Nov. I, 1953
Nov. 1, 1897
Dee. 1, 1907
June 15,1951
Dee. 1, 1951
Jau. 1, 1906
O ct 1, 1947
Jim. 1, 1948
Dee. 1, 1939
Dee. 1. 1939
1943
1906
1906
M ay l , 1926
D e c . 31.—
1892.
1891.
—Ine.orDee.Gross receipts from operat'n.
r i u.! 7
IJ Inc. $2,939
i Net over oiier, erp. and taxes. 2,850.635
3,106,642 Dec. 256(007
■Fixed charge*
...................
2,088,999
3,040,001 Inc.
39.008
Land re*, nod toe. from invest,
333.166
341392 Inu. 211,774
Surp. dividend-fund July t. '92
230,1)50
216,550 Inc. 14,400
1,250,000
Dividend payable March 1. ...
1,125,000 In o. 125,000
’ Balance, #iti*plus,
" '
293.761
489,602 Dec. 193,841
ANNUAL itei'Oltr. - Fiscal year end# June 30. Annual meeting i» held
at Chicago the > <and Wednesday in Onto her, Roport f. ir 1891 -02 was
.«•
M
published at length-a CllR«.*lCLE. V. 55, p. 529, 542, 5 ill. The Lot
Lonigy.
N. O. A Texas earnings arc not hem included. See below.
T «« r etutlng Jun * 30—
1840-00.
1800-91.
1891-92.
2,875
2,875
Mites operated’ . . . ......-.............
2,888
Passenger earnings
.......... . $3,2*7,292 $3,812,340
$ 4 ,3 8 8 ,2 6 9
Freight earnings ...................... 11,333,366 12,180,600
12,809,973
Midi, express A misceUanceu# .
1.929,365
1,904,015
2,093,518
Total earning#...................... $16,462,022 $17,881,655 $19/291,760
Operating expenses........ ........ 11,153,419 12,761,046
11,070,020
Net earning#..........................
$3,204,603 $5,120,509
1,103,109
731,183
30,018
34,906
$.V2-iI.7-U)
913,733
61,038
Total receipt * .......
$0,050,406 *0,318, S 3
Internet en III. Centra! bond*.. $ 1,464,925 $1,482,425
1.217,010
IutonChtc.8t. !s)ui*4kN.O.bil».
1,106,065
Rental Dub. A S fep i C ity K B ..
413,629
829,169
2,250,000
Dividends on III. Cent nil stock.
2,400.000
Di rtdcnds an ls-ased Line stock.
400,000
400,000
Permanent Improvements_____
213,113
Miscellaneous...........................
50,000
130,027
$6,196,511
1,459,925
1.196,845
770,413
2,250,000
400,000
Net receipts from Interest, Ac .
Mlgcellaneous...........................
98,021
Dor. $113 8ur. $14,107
Balance......... ............... ........... 3ur. $8,882
IAHUSVILLB N e w UjtLKtsg A TBXSS.—For the year ending Juno 30,
1891. gross earning* on 70Om ilfr were $3,718,430; nut. euruinsH, $1,071.426: total charges, $754.2-15; balance, surplns, $317,181, (V . 83,
p, 1*0.370. 155, 4 7 2 , 4 7 0 ; V. 54. p. 159,265,939 964, 1048; V. 55,
p. 59, 256, 518, 5 42, .546, 639, 67«, 810, 91)5 , V. 56, p. 103, 127.)
I n d ia n a I l l i n o i s ,v I o w a . —o w n * from Strcator Junction. 111.,
to Knox. Itnl., 11* miles; tracing,* 1Wabash Railway) Into Strcator, 1-70
mile*; (Cb. A W. M.) La Crosse, lod., to N ew BulTiiin, Mich., 38 miles;
lOUIo. A E. 111.) When (field to La Crosse, ln ii, 13 miles; total operated,
171 mill's. Extension from K nox eastward to Mouth Bond. ln d„ pro
posed 50-yeat bonds for $500,000 to be imoed thereon. See V. 55, p.
331, 443. Stock. $3,697,800; par. $ 100. Car trusts July 1, 1892,
were $104,513, tn 1890 finances were readjusted. fSeo V. 51. p. 457.)
The 1st and 2d Incomes, a* well a* the 1st 4 k, are subject to call at par
and interest after 30 day's notice, tn year ending June. 30. 1892,
gross earning* wore $601,306; not. $150,650; interest. 1st M „ $112,000:
rentals, etc., $17,765; other payments, $40,096: balance, surplus,
$60,780. In rear ending June :«). 1891, gross $446,332. Balance
sheet, etc., tn V. 55, p. 1 iff. (V. 51, p, 966; \ 55, p. 146, 331; V. 56, p.
I n d ia n a & I i l l n o la S o u l l i . r u . —$u)U City, rnd., to Etllgham,
Hl.,90 miles. Capital stock, $1,400,000. B ill* payable wore $239,692
July, 1891.
Iiid ln u a p n ila D e c a tu r A W e s t e r n .—Owns from Indtanapoll#,
tod., to Decatur, til , 152 miles. On April 1, 1889, defaulted, and In
July the road was turned over to R, B. F. Pearce and B. A. Bands,
trustees o f the Indianapolis Decatur A Springfield mortgage, A de
cree o f foreclosure under this mortgage was confirmed by State
Supreme Court in November. 1892, sale to take place May 3, 1893.
Plan of reorganisation iu V. 36, p, 240, contemplates a control o f stock
and guaranty o f now 1st mortgage by the Cincinnati Hamilton A Dayton. A considerable majority of the junior securities has been depos
ited anti this plan it is said will go forward without delay. (See V. 53,
p, !tts« ; V. 54, | 013 ; V. 55. p. 938.) In February, 1893, the trustees
C
o f the Indtanapoll* Decntur A Springfield mortgage advertised to pur
chase coupons due from April, 1886, to April, 1889, both inclusive.
« 2U8.
From July 1.1892, to Jan. 31,1893 (7 months), gross eanilnga were
.$323,708, against $336,104 in 1891-92: not, $106,677, against $96,150.
In year ending June 30, 1893 gross earnings were $511,987: net,
*130.547. In 1391 gross, $178,4 19 ; net, $116,724. Now York offloc,
2 Wall 8t. (V. 53. p.T 26. 520, 8*0. 968 : V, 54. p. 242, 287, 4 44, 643 J
V. 55, p. 938; V, 56, p. 206, 2 16, 288,1
I n d l • mi p o ll* U n io n . —Owns 3 mites of track with terminals at. IndbuiaitolK Ind., and leaac-s for 990 yours the Belt RR. o f Indianapolis—
which nee—consisting o f 14 miles o f road running around the city,
etc. Formed in 1850 and furnishes terminal facilities to the several
railroads entering Indianapolis. ST kjk —'T lie Cleveland Oinoinnati
Chicago A 8t. Louis, tho Pittsburg Cincinnati Chicago A 8t. Louis and
the Terre Haute A Indianapolis are virtual proprietors, they having in
vested in i t $1,5:14,4.34 to Jan. l . 1892. No stock outstanding. Bonds
- T rustee of the Indianapolis Union mortgage is the Fidelity Ins. Trust
A Safe Deposit Co. o f Philadelphia. Bonds for $20,000 have boon can
etatetneat for (Imonths ended Dec. 31 (Dec, celed by the sinking fund, the issue being purchasable at par and inter
1.492. being estimated), is as follows—V. 5 6 . p. 103, 127:
est, If offered, but not subject to call before maturity.
68
INVESTORS’ SUPPLEMENT.
| V ou L V I.
j i a b H r i b m w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Bonds—Prinoi IN TE R E S T OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date
Amount
When
Par
of
For explanation o f column Leadings, &c„ see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
Whom.
Dividend.
Road. Bonds Value.
on first page o f tables.
F. & A. N. Y., Farm. L. & Tr. Co.
7
117 1867 $1,000 $1,700,000
M. & N.
1,402,000
6
do
do
1,000
117 1870
7,954,000
6 g. M. & N. N.Y., office, 195 B ’ way.
Jnltrnationiii it Great Northern—1st mort., gold .... 776 1879 500 &C.
fe
6,968,500 4^2 to5 g. M. < 8. N.Y.,Farmers’L.&Tr.Co
500 &c.
2d M. gold, tat. 41 P-C- till Ser>t.’97, then 5 p.o..c* 776 1881
a
2,605,000
See remarks.
4 g. M. & 8.
3d m. ($3,000,000) income till Sept. 1,1897, g..c* 776 1892 500 &e.
fc
631,335
5 g. M. < N. N. Y „ Central Trust Co.
Certificates of indebt. sec. by 1st in. coupons, gold. 776 1892 Various
M. & N. N.Y., office, 195 B ’ way.
1,000
225,000
7
1880
Colorado Bridge bonds, sinking fund...................
100
8,200,000
Iowa Central—Common Stock'..................................
100
5,543,736
1
N. Y. office, 11 Wall St.
Preferred stock (5 per cent non-com., see te x t)...
6,300,000
1,000
5 g. J. & 'd . N. Y., Mercantile Tr. Co.
1st mortgage, $15,000 per mile, gold................ e* 501 1888
fc
1,000
591,000
1885
6 g. J. < D. N. Y., Central Trust Co.
Keithsluirs Bridge 1st mortgage, gold, guar— 0*
100
yearly.
600,000
Boston.
20
i ^
Iro n Kail tray—Stock................. ...................
Jacksonville Louisville < St. Louts—See Chicago I EORIA * St . Louis.
£
(!)
Jaeksonr. St. A iiffustine d Indian R iv e r—1st M .. .c.
1,566,000
1,000
6 g- J. & J. N. Y., Mercantile Tr.Co.
Jacksonville Tampa d Key West—1st,g.,red.at 110.0* 1301a 1884
1,000
360,000
do
do
37 1886
6 g. M. & 8.
Atlantic Coast St.Johns & Indian R. 1st M.,gold.
1,000
290,000
29 1886
do
do
6 g. M. & S.
Sanford & Lake Eustis 1st M. ($350,000), gold..
6
1,000
M. & S.
do
do
(!)
J. T. & K. W. consol, mortgage for $4,000,0000.. 200 1890
1,000
2.905,000 4 to 4*2 F. & A. Boston, Am. L. &Tr. Co.
1888
Collat, Trust loan on Fla. So. bonds, Series A ......
1,000
4
900,000
F. & A.
do
do
1888
Do
do
do
stock, Series B
500
53,000
N.Y., Mercantile T r Co.
6
88-89
Equipment bonds, Series A and B ......................
do
do
285,500
48
8t.Johns*LakeEustis lstM.,gu.p.&i.byFla.So.Ky,
1,000
1,475,000
N ew York City.
59 1892
Jalisco Pacific—1st M., $25,000 p. in., gold, gu ar...
6 g. F. A A.
1,000
300,000 4% & 6 j . & j . Phila., Fidelity Tr. Co.
8 1867
Jefferson (F o . i - l s t and 2d Ms,extern (HawleyBr.).c
1,000
37 1889
2,800,000
1st M. Carbondaleto S. depot, gold, guar. p. * i ..c*
5 g. A. & O. N.Y., N.Y. L.E. & W.RR.
1,000
J. & J. N. Y., Farm. L. & Tr. Co.
45 1877
800,000
7
I n d ia n a p o l i s * V in c e n n e s .—Owns from Indianapolis, Ind., to
Vincennes, Ind., 117 miles; branches, Bushrod to Dugger, etc., 16 miles;
total, 133 miles. The Pennsylvania Company owns a controlling
interest in the 6tock and operates the road, advancing the deficiency to
pay interest on the bonds. The capital stock is $1,402,000; par, $50
o f which Pennsylvania Company on'Jan. 1,1893, owned $1,401,900.
Due Pennsylvania Company Dec. 31, 1892, for advances, $2,515,823.
In 1892 gross earnings, $533,362; net, $112,117; interest. $203,120;
rentals, etc., $3,563; deficit, $94,566, against $138,548 in 1891.
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 . —Owns Longview, Texas, to
Laredo, Texas, 496 m iles; and Palestine, Texas, to Houston, Texas, 150
miles; branches—Houston & Columbia, 50 miles; Phelps to Hunts
ville, 8 miles; Mineola to Troupe, 44 miles; leases—Round Rock to
Georgetown, 10 miles; Henderson to Overton, 16 miles; Galveston
Houst. & Hend., Galveston to Houston, 50 m iles; total, 825 miles.
Or g a n iz at io n .—Foreclosed in 1879 and reorganized. In 1892 the
M. K. * T. disposed of its interest in the stock to Mr. Gould. (See V.
50, p. 313; V. 54, p. 366.) Default was made in March, 1889, and
receivers were appointed Feb. 16, 1889. Reorganized without fore
closure in 1892 under plan of Jan. 27,1892. See plan m V . 54, p.
203, 366. Road was turned over to the company by the receiver on
July 11, 1892. V. 55, p. 100, 177.
Stock —Stock authorized is $25,000,000; outstanding, $9,755,000!
par, $100; controlled in interest of Missouri Pacific as stated above.
B onds .—T he first mortgage bonds remain unchanged. The second
mortgage interest is scaled to 4ia per cent from Sept. 1,1891, until
and including Sept. 1,1897; thereafter it will he 5 per cen t; hut in case
o f default the rate reverts to 6 per cent as formerly. There are $85,500
of 8 per oent incomes, to retire which a like amount of second m ort
gage bonds, additional to those above, are reserved.
The third mortgage 4 per cent bonds for $3,000,000, until after
Sept. 1,1897, draw interest only if earned, non-cumulative. See pro
vision respecting payment of interest in V. 56, p. 82. The certificates
o f indebtedness are secured by first mortgage coupons held in trust
and are payable $126,267 yearly. See V. 54, p. 203, 366.
The International & Great Northern guarantees $2,000,000 of Galves
ton Houston & Henderson 1st mortgage 5 per cent bonds.
State RR. Commission .—In August, 1892, the U. S. Circuit Court
granted an injunction to prevent the Texas State RR. Commission
from enforcing the low tariff for freight which they had established
about Sept. 1,1891, and which it is claimed caused a loss to this com
pany in the seven months ending March 31, 1892, at a rate equal to
over $200,000 per annum. See V. 55, p. 314, 332.
E arnings .—F rom Jan. 1 to June 30, 1892 (6 months), gross, $1,664,501, against $1,689,347; deficit under operating expenses, $59,311,
against $149,971. From Jan. 1 to March 7 , 1893 (21i months), gross,
$812,693, against $648,265 in 1892.
In calendar year 1892 gross earnings were about $4,152,761. In 1891
gross, $4,098,634; net, $618,713. In 1890 gross, $4,053,649; net, $545,746. (V. 53, p. 58, 569, 604 ; V. 54, p. 33, 78, 203, 243, 287, 329, 366;
V. 55, p. 100,177, 331, 462, 1036; V. 56, p 82.)
I r o n R a i l w a y . —Owns road, Ironton, O., to Centre, O., 13 miles,
and branches 7 miles. Dividend in 1891, 112 per cent. In year ending
June 30,1892, gross earnings, $32,909; net, $2,289; taxes, $3,754.
I o w a C e n tr a l.—Owns from Albia, la,, to Manly Junction, la.,
178 miles; Oskaloosa, la., to Iowa Junction, near Peoria, 1 1
1
(excepting Keltlisburg Bridge over the Mississippi, leased), 184 miles;
Grinnell & Montezuma Branch, 14 miles; Story City Branch, 35 miles;
State Centre Branch, 27 miles; Belmond Branch, 22 miles; Newton
Branch. 28 miles; Manly Junction, la., to Northwood, la., (leased to
Burlington Cedar Rapids A Northern) 11 miles; other, 4 miles; total
owned, 503 miles; leases Keithslmrg bridge over Mississippi R iver 3
miles; trackage, Iowa Junction, XU., to Peoria, 111., 3 miles; total, 509
miles, but of this 11 miles leased to B. C. R. & N „ as stated above
H isto ry .—'The Central Iowa, October, 1884, defaulted in pay
ment of interest, and in 1888, after foreclosure sale, was reorganized
under present title according to plan in Ch ro nicle , V. 44, p. 653.
Ca p it a l Sto c k .—Common stock authorized, $11,000,000; preferred
authorized, $7,400,000. The preferred is entitled to 5 p ercent (nontumulative), then common to 5, then both share pro rata.
D iv id e n d s .—On pref. stock begun In 1892; in Ap ril paid 1 per cent
B onds , ETC.—Trustee of first mortgage, Mercantile Trust Co. See
abstract V. 49, u. o82. Iu February, 1892, $400,000 five per cents of
1888 were issued for new equipment and improvements. On Julv 1
1892. $289,500 bills payable were outstanding.
y ’
L atest E arnings .—From July 1,1892. to Jan. 31, 1893 (7 months)
gross f 1.200,644. agst. $ i,200,075 in 1891-92; net, $338,466, against
Feb. 1, 1908
May 1, 1900
Nov. 1, 1919
Sept. 1, 1909
Sept. 1, 1921
Nov.l/93-’97
M ay i , 1920
Apr. 11,1892
June 1, 1938
June 1, 1925
July 10,1891
Jan. 1, 1914
.Tau. 1, 1906
Sept. 1, 1916
1940
Aug. 1, 1898
Aug. 1, 1898
$7,500 s.-an.
Aug.
July
Jan.
July
1, 1922
1, 1927
1, 1909
10,1907
The interest, rentals, &c., above in 1891-92 include: Interest on
funded debt, $308,692; on current liabilities, $22,731 ; rentals o f
bridges, tracks and tunnels, $50,760; miscellaneous, $17,347; total,.
$399,530. President, Russell Sage. (V. 53, p. 256, 3 6 7 ,4 0 7 ; Y. 54, .
p. 78, 243, 369, 648 ; V. 55, p. 420.)
J a c k s o n v i l l e St. A u g u s t in e & I n d i a n R i v e r . —Owns from
Jacksonville, Fla., via St. Augustine to Rockledge, Fla., 177miles;
brandies to Palatka, San Mateo and Tocoi, 22 miles. Extension o f
87 miles to Juno said to be projected. A consolidation in 1893 of sev
eral roads previously controlled in same interest, including the 70'
miles extension to Rockledge completed in January, 1893. H enry
M. Flagler, President.
J a c k s o n v i l l e S o u th e a s te r n ,
i See Ch icag o P e o r ia ,
J a c k s o n v i l l e L o u i s v i l l e < St. L o u is , i & St . Louis.
fc
J a c k s o n v i l l e T a m p a & K e y W e s t . —Line of road Jackson
ville, Fla., to Sanford, 125 m iles; Enterprise branch. 4 m ile s ; .
Deland branch, 6 m iles; Atlantic Coast St Johns & Indian R iver.
Enterprise to Titusville, 37 miles; Sanford & Lake Eustis Div., Sanford
to Tavares, 29 miles; total J.T. & K. W., 200 miles. Operates narrow
gauge lines as fo llo w s : Florida South., Palatka, Fla., to Brooks ville, .
and branches, 179 m.; and Bartow to Punta Gorda, 80 miles; leases St.
Johns & Lake Eustis, Leesburg to Astor and Lane Park, 48 miles—total •
operated, 507 miles, o f which 307 miles narrow gauge.
R e c e iv e r sh ip , E tc .—Opened March,1886, and consolidated with the
Palatka & Indian R iver RR. and the Sanford & Lake Eustas RR. In July,
1892, H. E. Howland was appointed receiver of the Florida Construction
Company, which owns most of this company’s stock. On Aug. 4,1892,.
Mason Young, o f New York, was appointed receiver o f the J. T. & K.
W. The purpose o f these receiverships is to secure an accounting be
tween the companies, their accounts being very much mixed. See V. 55,
p. 100,146, 679. The land grant was about 1,500,000 acres. I t is said •
the court has allowed receiver to expend $209,000 on standard gaug
ing Florida Southern from Arcadia south.
Sto c k —Stock July 1, 1891, was $3,010,000, of which it is said <
the Florida construction Co. claims the right to $2,715,300.
B onds .—The Jacksonville Tampa & K ey West first mortgage bonds
of 1884 are subject to call at 110. The consolidated mortgage is fo r
$4,000,000, of which $2,216,000 reserved to retire the prior bonds
when due. Certain of the consols bearing serial numbers higher than
2,216 are held by the former President o f the company, as collateral, .
as he claims, for a debt due him from the company. The receiver
warns all persons against these bonds, as the company w ill not recog
nize them, if at all, until after an accounting.
The company obtained control of the Florida Southern on Jan. 1,
1889, and issued a collateral trust loan (Series A) for $2,905,000 on
that company’s bonds, this loan bearing 3 percent interest till Aug. 1,
1890, 4 per cent till Aug. 1,1893, and 4*2 per cent for the remaining 5
years, and a collateral trust (Series B) for $900,000 on that company’ s
stock. (See V. 47, p. 531.) The Florida Southern Ry. was sold in fore
closure in March, 1892, and reorganized. (V. 50, p. 422; V. 53 p. 922.)
Receiver’ s certificates for $125,000 were authorized in August,
1892, to meet J. T. & K. W. interest payments. The first mortgage
interest due Jan. 1, 1893, was paid at maturity.
E arning s .—From July 1,1892, to July 31,1892 (1 month), gross o f
main line were $40,151, against $39,826 in 1891; net, $5,774, against
$12,841. In 1891-92 gross, $781,824; net, $341,709. In 1890-91 the
gross earnings on 200 miles were $705,267: net, $228,339; surplus over
interest, $95,379. N ew York office, 10 Wall Street.—(V. 53, p. 922; Y.
55, p. 100, 146, 177, 215, 256,679; V. 56, p. 206.)
J a lis c o P a c i f i c ( M e x i c o ) , —Projected from Manzanillo on the
Pacific Coast of Mexico to Guadalajara, 225 miles, o f which 59 miles
from Manzanillo to Colima are in operation, and 82 miles more about to
be built. The Mexican National Construction Company, which guar
antees the bonds, principal and interest, contracted to build the
entire line, 225 miles, for $5,625,000 first mortgage bonds, $4,500,000
preferred stock (entitled to 5 per cent if earned, cumulative after Jan.
1, 1895) and $5,625,000 common stock. The mortgage is fo r ■
$7,500,000 at $25,000 per mile o f completed road, and is payable in>
U. S. gold; trustee, State Trust Co. The bonds are redeemable at 110
before maturity on six months’ notice. (Y. 54, p. 1009.)
J e ffe r s o n .- O w n s from Susquehanna Depot, Pa., to Carbondale,
Pa., 37 m iles; branch, Hawley, Pa., to Honesdale, Pa., 8 m iles; total,
45 miles. Leased in perpetuity to the New York Lake Erie & Western
for $140,000 per annum for main line and $15,900 for branch. Mort
gage of 1889 is guaranteed principal and interest by lessee. The H aw
ley branch 2ds, $96,000, due in 1889, were extended at 6 per cent.
Capital stock, $2,096,050; par, $59. Gross earnings year ending Sept.
30,1891, $750,126; net, $191,876.
A n n u a l R e po r t .—Fiscal year ends June 30; report for 1891-92 was
In Ch ro n icle of Sept. 24,1892.
,
1889-90.
1890-91.
1891-92.
A v ’ge miles o f road operated.
504
492
497
$1,699,742
$1,888,260
Gross earnings....................... $1,588,963
J e ffe r s o n M a d is o n A: I n d i a n a p o l i s . —See P ittsburg Cin c in
Net earnings (o ve rta x es )....
369,408
410,887
475 491
Total net rec’ts (incl. rentals)
385,283
426,987
489’759 n a t i Chicago & St . L ouis .
Interest, rentals, A c..............
360,667
405,309
3991530
J o l i e t & N o r t h e r n I n d i a n a . —Owns from Joliet, 111., to Lake
Dividends................................................
...........
55)364 Station, Ind., 45 miles. Operated as part of the Michigan Central main line. Road opened in 1854 and leased to the Michigan Central. Stock*
Surplus............................
$24,616
$21,677
$34,865 ($300,000, par $100) carries dividends o f 8 per cent per annum.
RAILROAD STOCKS AND BONDS,
S U b c b , 1893.]
69
Eoberly
Atchfield
Mexico
iggins
P^odenee^
TOPE
G R A N D V IE W
OolumbI
BoonvilkJ
ose L t o n
>smdi 6nw
;dward.sville
(Tipton
JEFFERSON
CI TY
Union*
C ASXla^
ubay
Holla
^TON
•
Nevada
Bonne
Terre
FotosT Y
Bismarck5
Iron toni
Grove
Winfield
MarskGeM
^Sprin gfield
rweg&i
Charli
gNCOSHO
JMijEUuuu
Jwaoc
f Anderson j
|Rutledge j
TinltaJ
Poplar Bluff
West FIsdm
Maidenj
Sew M
iutri<
- S U L P H U R S P R 's '
Mimm,
Jvh-.»!*>rv>
T*m<*ta»b
LVynEC
Iw iM ro o
LITTLE ROC
£ £ U »U m
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M eK eU ^
jiCwiinigt
.Leland.
itwo-rtlie
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JfeyrOIe
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Winfield
M A P O F T IIE
KANSAS CITY, PITTSBURG
A 3 fO ~
C„. GULF RAILROAD.
Slaughter
Amite City
Covington
A BATON ROUGi
r^fake.
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Beanmonj
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^ ^ S A B I N E 0 ASS-V
a in n -
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70
INVESTORS’ SUPPLEMENT,
[V o l. L\ E
N u tm c rlb o r. w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
Bonds—Princi
IN TE R E S T OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par
Where Payable, and by, Stocks—Last
of
For explanation of column headings, &c., see notes of
Outstanding
Dividend.
Whom.
Road. Bonds Value.
on llrst page o f tables.
Junction ( Philadelphia)—1st mortgage (extended)
2d mortgage—
Kanawha <tilich.- -Stock, $16,066,060 authorized
1st mortgage, $15,000per mile,gold,guar. p.,fc i.o"
____
Kan City A r f. ANew (>rl.~ 1st.M.($20,000p.m.),g.e'
Kansas City Belt—1st ($534,000gu. K.C.F.8.AM.).c*
Kansas City Br. d T e r—1st M. for $1,500,000, g.c*
Kansas City Clinton d Spring.—1st M „ g., guar..c
Kansas City Ft. Scott d Memphis—Stock..................
Preferred stock contracts, 8 p ercen t................ •
K. 0. F. S. A G. 1st M., I’d. gr.,8. f., dr’n at 110.c
Mortgages, guaranteed (part drawn, at 105).c*
Kansas & Missouri RR. 1st mortgage............e*
K. 0. Ft. S. A G. Ten-year coupon n otes...........
Kan. City 8. & M. Plain bonds(red’ldeat 105)..c*
Consol, mortgage ($25,000 per mile) not dr’n..c*
Current Riv. RR. 1st mort., $20,000 p. m., guar.
Kan. C.A M. R’y A B ’dgel8tM.g.,s.f.,dr’n at 110.C*
Kansas Equip. Co. 1st M. guar., s. f., red. at 110.
Kansas City d lndep. A ir Line—l st M., gokl. . .c&r
Kan. City it lndep. Rapid Tr.—1st M. $l,000,000.c
Kan. 0. Memph. d B ir — 1st mort. (dr’n at 110).. c*
Coupon interest notes, subject to call at par.......
Birmingham equipment M.,g.,gu. (red. at 110)..c1
Memphis Equipment Co., guar., red. at 110...... c
Kansas City d Pacific—1st mort., gold, int. guar, .c
K. O. St. Jo.d Coun.Bl.—Con. M. (Nos. 1 to 500 pf.)*c
1st Ms. Nod. and Tark. Val. RRs. 8. f. (dr.at 100) .c*
Kan. City Suburban Belt—1st mortgage, gold— (
Consol. Terminal Ry. of K. C., 1st M., gold......c1
Union Ter. RR. Co. 1st M. ($2,000,000) g. guar.e
3-56
3-56
1882
1865
134
23
10
12
174
1890
1891
1886
1889
1885
$1,000
1,000
100
1,000
1,000
1,000
500
1,000
100
100
100 &c
1,000
1,000
5.000&C
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
160 1879
202 '80-’84
26 1882
85*86
1884
071 1888
81 1887
1889
1890
5b> 1892
1889
276 1887
1891
1,000
1888
1,000
1890
1,000
125 1890
274 1877 100 Ac.
1,000
61 1880
1,000
30 1890
1,000
1892
1,000
10 1893
J u n c t io n ( P h i l a d e l p h i a ) . —Owns from Belmont, Pa., to Gray’ s
Ferry, Pa., about 4 miles. It connects the Pennsylvania, the Philadel
phia A Reading and the Philadelphia Wilmington & Baltimore railroads,
coming into Philadelphia. Stock $250,000 (par $50), is all held by these
three companies,and pays dividends of from 20 to 50 per cent per annum
K a n a w h a Ac M i c h i g a n . —( See Map Toledo d Ohio Central.)—Owns
Corning, 0.,-.to Malden, &c., W. Va., 134 miles; trackage 19 m iles;
total 153 miles, o f which 11 miles leased to Tol. & Ohio Cent.
H is o t e y , E tc .—Foreclosed March 4,1890, and reorganized. (V. 50,
pp. 451, 483.) In October, 1890, a large interest in the stock was
acquired by parties interested in the Toledo A Ohio Central, which
company has guaranteed the bonds, principal and Interest. (See V. 52,
p. 165, 351.) An extension o f 30 miles from Malden to mouth o f Gauley
River, where connection w ill be made with the Chesapeake A Ohio, is
building, and sale of bonds to pay for construction has been negotiated.
L atebt E ar n in g s .—July 1,1892, to Jan. 31,1893 (7mos.),gross $219,
387, against $203,4-18 in 1891-2; net, $75,014, against $56,760. In year
ending June 30, 1892, gross earnings were $360,091; net, $110,233;
taxes, $15,755; interest on bonds, $56,227; other interest, $2,834;
rentalB, etc., $10,000; balance surplus, $25,416. In 1890-91, $342,815 ; net, $86,201. (V. 52, p. 165, 351; V. 54, p. 801.)
K a n s a s C it y A r k a n s a s Ac N e w O r le a n s .—Projected from
Missouri State line through Arkansas and Louisiana State line 300 miles.
Bonds for $276,Or0 have been issued on road from Hazen, Ark., to
Stuttgart, 26 miles. Capital stock, authorized, $6,000,000; issued,
$1,000,OOO. Mortgage is for $6,000,000 at $20,000 per m ile; trustees,
the Farmers’ Loan & Trust Co., New York. C. G. Stoddart, President.
Offices at 18 Broadway, N. Y., and Bartholomew House, E. C.. London.
K a n s a s C it y B e l t . —From Argentine to Washington Park, 10 miles.
Mortgage is for $2,500,000. Stock authorized $2,500,000 (par $100);
outstanding $100,000 (par $100); owned one-half by Atchison Topeka
& Santa Fe and three-tenths by Kansas City Fort Scott & Memphis and
two-tenths by Chicago Milwaukee & St. Paul. Double-tracked and used
for a terminal road at Kansas City. In 1891-92 gross earnings were
$208,298; net, $114,909; interest, $116,244; balance, deficit, $1,335.
K a n s a s C it y B r i d g e Ac T e r m i n a l . —Organized to construct a
railroad and carriage bridge over the Missouri R iver at Kansas City.
In August, 1891, Webster Withers and W. H. Holmes were appointed
join t receivers o f the Kansas City Bridge A Terminal Railroad and the
Chicago Kansas City A Texas Railroad, the latter extending from North
Kansas City, Mo., to Smithville, Mo., 20 miles, and having $425,000
bonds outstanding. Both the Terminal and the C. K. C. & T. RR. Co’ s,
property was sold in foreclosure Feb. 4,1893. See V. 56, p. 246; V.
55, p. 1034. Stock, $975,000; par $100.
K a n s a s C ity C lin t o n Ac S p r in g fie ld .—Owns from Cedar Junc
tion, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant Hill,
Mo., 10 miles; total, 174iniles, but only 163 miles operated. Built in
the interest of the Kansas City Fort Scott A Memphis RR., which com
pany guarantees the bonds. There are $58,000 Pleasant H ill A De
Soto 7 per cents due October 1,1907. Stock authorized, $2,500,000; par,
$100; issued, $1,775,400, of which one-half is owned by the Kansas
City Fort Scott A Memphis RR.; due that Co. July 1, 1892, $345,000.
E arn ^ gs.—From July 1 to Dec. 31, 1892 (6 months) gross earnings
were $1 /3,9/4, against $161,166 in 1891; net, $55,915, against $46,200charges, $81,830; balance, deficit, $25,914.
’
A n n u a l R epo rt .—F iscal year ends June 30. In 1891-92 gross
earnings, $317,543 ; net, $95,687; interest, $163,743; deficit, $68,056.
In 1890-91 gross, $385,622; net, $140,367. V. 56, p. 246.
K a n s a s C ity F o r t S c o tt Ac Ifle m p h is .—Owns main line from
Kansas City, Mo., to Memphis, Tenn., 485 miles, with branches, 186
miles; total owned, 671 miles; leases—Current R iver Railroad Willow
Springs, Mo., to Cairo, 81 miles; total operated, 752 miles. Also owns
°ne-lialf the capital stock of the Kansas City Clinton & Springfield and
^© K an sas City Memphis 6c Birmingham RR. (see those companies);
also 300 shares Kansas City Belt and $942,000 Current River.
ORGANizATiGN.-Fonned in April, 1888, by consolidation of the Kan.
Sc F£ Bco, t ^
and I^ lI1
.sa8 Ctty Springfield A Memphis railroads.
The Kan. City & Memphis Railway Bridge was completed m May 1892
$425,000
300.000
9,000,000
1,340,000
276,000
1,930.000
975,000
3,192,000
9,997,000
2,750,000
2,247,000
1,210,000
390,000
320,000
500,000
11,812,000
1,606,000
3,000,000
711,000
300,000
475,000
6,892,000
861,500
1,000,000
189,000
2,500,000
5,000,000
56 ,000
1,000,000
750,000
750,000
Pliila., 233 So. 4th St.
do
do
July 1, 1907
Apr. 1, 1900;
N. Y., Central Tr. Co. Apr. 1, 1990
Nov. 1, 1931
N. Y. City & London.
Boston, Of., 50 State St. July 1, 1916
Jan., ’91, coup, last pd. July 1, 1919
Boston, Merch. Nat. Bk. Oct. 1, 1925
Boston, Of., 50 State St. Feb. 16,1891
Feb. 15, 1893
do
do
Bost., Nat. Webster Bk. June 1, 190&
Sept. 1, 1910
do
do
Aug. 1, 1922
do
do
Boston, Of., 50 State St. Var. 1895-96
Boston, Nat. Union Bk. M ay 1, 1894
Bost., Nat. Webster Bk. May 1, 1928Boston, Nat. Union Bk. Oct. 1, 1927
N. Y., lln. Tr. Co. A Bost. Oct. 1, 1929
Bost., Nat.Webster Bk. Jan. 1, 1905
Phil., Pro v. ife A Trust Meli. 1, 1922
N. Y., Central Trust Co. Meh. 1, 1909
Mch. 1, 1927
Interest funded.
Boston, Of., 50 State St. Sept. 1, 1901
Boston, OldCol’nyTr.Co Mch. 1, 1903
Aug. 1, 1905
do
do
N. Y., Central Tr. Co. Aug. 1, 1990
Boston, 2d N a t ! Bank. Jan. 1, 1907
June 1, 1920
do
do
! Phila., Union Trust Co.' June 1. 1920
Phil.,Prov.Life A Tr.Co.' Feb. 1, 1922
Feb. 1. 1923'
Philadelphia.
as a whole at any time at 110 and interest, and is entitled to an annual
sinking fund of $12,000, for which the bonds may be purchased but
cannot be drawn. Also guarantees $534,000 Kansas City B elt and $3,192,000 Kansas City ClintonA 8pringfield bonds—see those companies.
On July 1,1892, bills payable for $606,070 were out.standing.
L atest E ar n in g s .—From July 1,1892, to Jan. 31,1893 (7 months)*
gross earnings $3,112,047, against $3,003,012 in 1891-92; net, $906,576, against $936,823; interest, rentals, Ac., $645,200, against $657,763; balance, surplus, $261,376, against $279,060.
A n n u a l R e po rt .—Fiscal year ends June 30. Report for 1891-92 was
in V. 55, p. 804. It is said that in the year 1891-92 some $215,000 ex
pended for improvements was included in operating expenses.
1888-89.
1889-90.
1890-91.
1891-92.
Gross earnings.......... $4,545,567 $4,937,431 $4,703,142 $4,991,278
Net earnings............. $1,518,057 $1,550,786 $1,313,924 $1,356,603
Interest and miscell..
994,537 1,042,549
1,068,846
1,111,644.
Bal., incl. other inc.. $606,578
Dividends paid..........
516,924
$569,161
566,414
$256,881
208,972
$244,959
219,984
Balance.................. sur.$89,654 def.$2,747 sur.$47,909 sur.$24,975
For 1891-92 paid deficits on the Current R iver RR. and the Kansas
City Clinton & Springfield R R amounting to $72,829 (V. 54, p. 410,
720, 965; V. 55, p. 2 5 4 , 8 0 4 ; V. 56, p. 246, 331.)
K a n s a s C it y Ac In d e p e n d e n c e A i r L iin e .—(See M ap.)—Oper
ates from Kan. City to Independence, Mo., 11 ^ miles, o f which 6 miles,
affording entrance into Kansas City, is over tracks o f K. C. A Suburban
Belt RR. Opened March 1, 1892. In January, 1893, entire capital
stock was purchased by the Kansas City Suburban Belt Co.—which see.
Stock paid in, $300,000 ; par, $100.
K a n s a s <^ity Ac I n d e p e n d e n c e B a p i d T r a n s i t . —Kansas City
to Independence, Mo., 8 miles; opened March, 1889. Capital Stock,.
$1,000,000. Mortgage trustee, Central Trust Co. On Jan. 1,1892, the
bills payable were $168,759. Earnings—In 1891 gross, $95,978; net,
$41,740; interest on bonds, $23,125.
K a n s a s C it y U le m p liis Ac B i r m i n g h a m . —Owns from Memphis
to Birmingham, Ala., 253 miles, and branches to Aberdeen, Miss., and
Bessemer, Ala., 23 miles; total, 277 miles; completed iu October, 1887.
Sto c k , T r a f f ic G u a r a n t y , E tc .—T he stock is $5,956,000; par, $100.
The Kansas City Fort Scott & Memphis owns half the stock and gives a
traffic guarantee o f 10 per cent o f gross earnings derived from business
to and from this road, to be applied to interest.
B onds .—First mortgage bonds are subject to call at 110 and iuterest.;
N ew England Trust Company trustee; abstract, Y. 46, p. 575. In
September, 1891, five first mortgage coupons beginning September 1
were funded into 10-year 6 per cent notes, secured by the coupons
deposited in trust. The equipment bonds are both guaranteed by this
Co., and are redeemable on notice at 110 and interest.
E ar n in g s .—From July 1 to Jan. 31, 1893 (7 months), gross $732,275.
agst. $749,017 in 1891-92; net, $145,213, agst. $181,275; Interest,
rentals, &c., $266,000, agst. $254,009, total def., $120,787, agst. deficit
of $72,734 In year 1891-92 gross earnings were $1,174,372; net, $215,591; total net, after adding traffic guaranty, $236,477; charges, includ
ing full amount of interest on first mortgage bonds, which has
been funded till September, 1893, $440,071; balance, deficit, $203,594.
See Y. 55, p. 254. In 1890-91 gross, $1,192,165. (V. 52, p. 39; V.
53, p. 186, 289, 325; V. 55, p. 2 54, 136.)
K a n s a s C it y P itts b u r g : Ac € iu \f.—(See M ap.)—Operates road
from Kansas City to Pittsburg, Mo., 136 m iles,of which 112miles from
Grand V iew to Pittsburg are owned, and the remainder operated under
lease. This road has been built and equipped by the Missouri Coal A
Construction Company, and paid for out o f the funds of said company.
No bonds have been issued, and none it is said w ill be until further ex
tensions are completed and net earnings sufficient to pay interest are
assured. Extension to Joplin, .Mo., under construction. Road w ill
eventually extend to Gulf. Stock authorized, $25,000 per m ile; par,
$100. N ew York office, 36 Wall Street. (V. 55, p. 297.)
K a n g a * C it y Ac P a c i f i c . —Line o f road, Paola to Stevens, 130
miles. Forms part of the Missouri Kansas & Texas main line to Kansas
City, having been leased to that company for 999 years from August 1,
r.l , J
^
IV/UIUIUJ, A, mult} H J C ,
11 R
Dividends on preferred since 1880—In 1881, 8^ ; from 1*882 to Feb 1890. The lessee guarantees by endorsement the interest on the new 4
ruary, 1891, both inclusive, at the rate of 8 per cent vearlv The Ansr- per cent bonds, and if prior to August 1, 1895, 30 per cent, and there
ust, 1891, dividend was deferred until the results or the calendar year after 33 per cent, of the gross earnings shall exceed the interest on the
1891 could he ascertained, and m 1892, February, 8 per cent was paid. bonds, taxes and corporate expenses, the amount o f such excess (all
In like manner the August, 1892. divin end was deferred, and 5 per cent advances by Missouri Kansas & Texas having been settled) is to be paid
paid tn February, 1893. (V. 55, p. 804.)
1
1 to the Kansas City & Pacific. See V. 51, p. 457. Stock is $2,500,000,
B onds .—Under thcconsolidated mort gage (trustee New England Trust of which $1,725,000 is owned by M. K. A T . (V. 51, p. 457, 494.)
Company of Boston) suflicient bonds are reserved to provide for all
K a n s a s C it y St. J o s e p h & C o u n c il B lu f f s . —Owns from Kan
pnmMmnds when due The Fort Scott Southeastern & Memphis, Rich sas City to Council Bluffs, 197 miles, branches 58 miles p ro p rieta ry
Hill and Short Creek A: Joplin roads have a sinking fund with which lines (Nodaway Val. and Tarkio Val. RRs.), 61 m iles; total operated, 316
bonds are bought at 110, or, if not offered, are drawn at 105 (of these miles. The capital stock of $5,262,600 was purchased by the Chicago
000 were on June 30,1891, held alive in the sinking fund) Burlington A Quincy in 1880, and the road is operated as part o f that
The Current R iver RR. bonds are guaranteed. 8ee V. 44, p. 246 system. Consols. Nos. 1 to 500, both inclusive, have a prior lien under
The Kansas City A Memphis Railway A Bridge bonds are guaranteed the mortgage. In 1891 gross earnings were $1,892,785; net, $860,258;
by endorsement as fo principal and interest and are subject to sinking interest, $392,310; rentals, Ac., $57,499; paid dividends, $388,950.
fund drawings, $9,000 bonds yearly at 110. See V. 54, p. 410,965 The
K a n s a a C it y S u b u r b a n B e l t . —(See M ap.)—This road extends
Kansas Equipment bonds are guaranteed, and the issue is redeemable from Second Street and Broadway around Kansas City, via the East
N O R T H
|K A N S A S
C IT Y
---—
F -
.,1
CO
Q
25
>' i i / . r m . v M i
a
25
<1
« (."in yu 'C t
O K A S"D
CENTRAL
!
rut? r o t : U f i d i B fiifcfcfc
ONION DEPOT
> VM J I I > 1 l i i
1
V
J' f e s i i
o ity ,
Kjwirivvi.K
>1 VI* O F T i l l ?
KANSAS CITY SUBURBAN BELT R. R.
KANSAS CITY & INDEPENDENCE AIR LINE
*N »
THE UNION TERMINAL RAILROAD.
S h o w in g T o p o g r a p h y anti R a ilr o a d
E n tran ces o f th e
C ity.
IN NESTORS’ SUPPLEMENT,
7«
[V o l. L S I.
N ilb a c rlb e r* w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s .
Bonds—Prinoi
IN TE RE ST OR DIVIDENDS.
pal, When Due,
Miles Date Size, or
Amount
Rate per When Where Payable, and by Stocks—Last
Par
of
of
For explanation o f column headings, &c., see notes
Outstanding Cent. Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
RAILROADS.
Kansas City Watkins d Gulf—1st mort., gold ...O'
A an. City Wyandotte d N. Iv.—1st mort., gold— cx
Kan. City A Beatrice 1st mortgage, gold, guar.c
Kearney d Black H ills—1st mortgage...................
Kentucky Central-Bee L o u is v il l e & N a s iiv il i .e .
Kentucky d Indiana Bridge—1st mortgage, gold..
Terminal bonds, gold..........................................
2d mortgage, gold.......................................... - New Albany Belt & Term. RR. 1st M. end., gold.
.
Ken t ucky M idl'd— 1st M., $25,000 p.m., red. at par. c*
Kentucky Union—1st mort. for $3,000,000, gold.c*
2d mortgage, income, bonds for $1,300,000......
Keokuk d Des Mo.—1st M., iut. guar. C.R.L&P. ..o'
Keokuk & Western—Common stock........................
K inder hook d Hudson—1st mortgage, gold..........
Kings County Elevated—Stock.......................... —
le t mort., gold, series “ A,” $550,000 per mile.-C*
2d mortgage ($7,000,000) gold, $550,000 p. m. .©*
Funded coup, scrip, bears op.o. int. after Apr.,’93
FultonElev.lstM .,Ser.A,$550,000 p.m.,g.,guar.c”'
Kingston d Pembroke—1st M.,gold,(redem. at 105).
Knoxv. Cum. Gap d Louis—1st mortgage, gold----c’
2d mortgage, gold............................................. o’
Bake E m Alliance d South.—lstM.for$l,250,000.c’
Inc. bonds, non-cum., g. (red. after 1897 at 106)c*
Lake Erie d Western—Com. stock, $20,000 per mile
Pref. stock, 6 per cent (not cum.) ($20,000 p. m ).
1st mortgage, ($10,000 per mile) gold............. c*
2d mort., for $3,625,000 ($5,000 per mile) £
100
134
20
66
2
92
92
162
148
17
6
6
6
334
113
70
70
36
36
725
725
725
725
1890
1888
1889
$1,400,000
3,750,000
400,000
(?)
$&£
500
1881
1886
1889
1890
1,000
1888
1,000
3888
1890
1,000
1878 100 &c.
100
1889
1885
1888
1890
1889
1882
1888
1889
1887
1887
1887
1891
To
o
1,000
1,000
1,600
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1,000
Bottoms and tbe valley of the Blue and Brush Creek. I t provides
terminal facilities for ‘the railroads centering at Kansas City, and
furnishes quick transit from the manufacturing suburbs along the
Blue Valley. By recent extensions, and in connection with the Union
Terminal Railroad, now under construction in Kansas City, Kansas,
this road also reaches the West Bottoms by a system of viaducts, and
here makes direct connection with everv road entering Kansas City
from the northwest, west and southwest. It also reaches the stockyards, packing houses, warehouses and manufacturing establishments
o f the West Bottoms and of Kansas City, Kansas. On July 25, 1892,
consolidated with the consolidated Terminal R ’y Co. of Kansas City,
and in January, 1893, bought the entire capital stock of the Kansas
City A Independence A ir Line Company—which see. (V. 55, p. 995.)
Stock, $2,750,000—par $100. Trustee of the Suburban Belt mortgage
is the Missouri Kansas & Texas Trust Co., of Kansas City. N. Y.
office, 36 Wall Street. (V. 55, p. 995.)
K a n s a s C ity W a tk in s . A: G u lf .—(See M .)—Completed in 1892
ap
from Lake Charles, La., northerly to Alexandria, 100 miles. Surveyed
50 miles northwesterly from Alexandria and also projected from
southern terminus to Calacieu Pass on Gulf o f Mexico, 25 miles.
See V. 54, p. 761. A t Alexandria road connects with Houston Cent.
Arkansas & Northern (Missouri Pacific), making through line to St.
Louis and points north; also with Texas < Pacific for New Orleans and
fc
the West. Bonds issued at $15,000 per mile, but this may be increased
to $20,000 for future requirements. Mortgage trustee, Fanners’ Loan
& Trust Co. Stock authorized, $10,000,000—par $100. Loans and
bills payable Jan. 1,1893, $17,172. From Nov. 1 to Dec. 31, 1892,
gross earnings, $29,088; net, $10,588. J. B. Watkins, President, No. 2
W all Street, New York. (V. 54, p. 525, 761; V. 56, p. 164.)
K a n s a s C it y W y a n d o t t e Ac N o r t h w e s t e r n . —Road from
Kansas City to Beatrice, Neb., 175 miles, of which Seneca to Axtell, 10
miles and Virginia to Beatrice, 14 miles are trackage, and 20 miles,
Buminerfield jso Virginia, are owned by the proprietary line, Kansas
City & Beatrice. Owns branches to Foyt Leavenworth, etc., 17 miles.
Trackage, Tonganoxie to Carbondale, 43 miles. Total, 235 miles.
Receiver was appointed in 1890. On June 18,1891, a decree of fore
closure was entered, but sale has not yet been ordered. In June, 1890,
a large interest in tiie road was purchased by Mr. Jay Gould, and in
May, 1892, this was increased to a majority interest in both stock and
bonds. It was expected Mr. Gould would proceed with the foreclosure
proceedings. Receiver’s certificates outstanding, ear trusts, claims
n litigation, etc., aggregate about $1,223,000.' V. 54, p. 889, 1017.
Stock issued, $2,973,000; par, $100. From Jan. 1 to Dec. 31, 1892,
<12 months), gross earnings were $339,442, against $305,083 in 1891.
In the year 1891-92, gross earnings were $345,881; deficit under oper
ating expenses, $22,586; taxes, $22,631. (V. 53, p. 880; V. 54, p. 889,
104 /; V. 55, p. 297, 895.)
K e a r n e y Ac B la c k H i l l s . —Owns road from Kearney to Callawa
xieb .,*60 m iles; opened in 1890. Belongs to Union Pacific system. ‘
K e n t u c k y C e n tr a l R a i l w a y . —See L o u isville & N a » iiv il l e .
K e n t u c k y Ac I n d ia n a B r i d g e . —Owns steel cantilever bridi
o ve r the Ohio R iver at Louisville and 5 miles of railroad bet wee
Louisville, Ky.. and New Albany, Iml.. and 5 miles of belt line ;
Louisville; operates New Albany Belt & Terminal RR., 2 mile
also o wns and operates the Louisville & New Albany Ferry Co andtl
N ew Albany Street Car Co. Capital stock $1,700,000 (par $100) T1
W
D
of
w Albany, Ind., guarantees the company’s first mortgai
toreet; e ll', $100 8 3l” ' ° 83 ear" lnS3 woro #175,574; net, $103,524® i
K r i i i i u k y m i d l a n d . —Owns road Frankfort, Kv., to Paris, K\
#? £\ne<mn)m8 i!£ f 1 ln f1890- ■ ? xt?.?s
A?£s Promoted. Stock authorize
Wl,250.000. i. irst mortgage is for $ b,000,000, trustee, Central Trust C
The Sinking fund begins Aug. 1,1893, and is to be sufficient to reti
entire issue by maturity, purchasing the bonds at or below 105 c
draw ing them at par if unpurchasable.
’
U n io n .—Owns from Lexington, K y „ to Jaokson, K
about pennies. R e c e iv e r s h ip .—In February, 1891, Mr. H. F. Kea
o f Mvw York, was appointed receiver, and in April, 1891 he w
permission to complete the road to Jaokson, 3 miles, and
issue 0 per cent recei ver’s certificates for $125,000. In December 189
d a ^ . WS ^ v ! 5^
1078“ £oreclosurc uuder drat mortgage within l i
- .° ,Y 1
TAL 8
,T:;CK issued, $5,000,000 (par, $100), o f which the count!
Fayette and city of Lexington subscribed $300,000
i 'u y M ortgage covers road and equipment. The bonds weregua
untecd Prtneipaland interest by the Kentucky Union Land Co which In
°,f *5,600,000, without mortgage debt. There are also $57,o!
o f 0 per cent car trusts outstanding, interest payable 0 —M at tl
Atlantic Trust Company. (V. 55, p. 146, 938, 1078.)
H
1 t
r„K fook u lf * ,D<' “ l l o i 'x - s . —Owns from Keokuk, la., to Des Moine
£a-',lrbd mdes. Leased for 45 years from October 1, 1878, to tbe Cliicai
Rock Island <t Pacific Railroad, the lessee to pav 25 per cent of ti
S
gross earnings, but guarantees the interest (not the princinal) on t
bonds. Thestock is $ 1,524,600 8 per cent preferred and $2 60(
common (p arof both $ 100), a majority of which isheldbytjVelesse
K i n d c r l i o o k & H u d s o n . —Kinderhook to Hudson N Y
l
lo
o
i’c 8 0 S o ’ $ 7 ’0 0 1 r »< * iJ fr]
o 9 - to k 1 0 0 ; ,a-
5 g . j . & j . N. Y. Office, 2 W all St. Jan. 1, 1930
5 g. J. & J.
lu default.
Jan. 1, 1938
In default.
July 1, 1939
5 g. J. & J.
Boston, Am. Loan & Tr.
1,000,000
5 g. M. & 8. N.Y.,B’k of Com.jLouls.
400,000
5 g. J. & D.
do
600,000
do
5 g. A. & O.
300,000
Louisville, Ky.
6 g- J. & D.
F. & A.
6
N. Y. & Frankfort.
(?)
2,500,000
o g. J. & J. Jan., ’91, coup.last paid
800,000
6
j. & j .
2,750,000
5
A. & O. N. Y., 13 William St.
4,000,000 2 per an. A. < O. N. Y., Cuyler, Morgan
fc
375,000
6 g. J. & D. N. Y., Atlantic Tr. Co.
3.250.000
3.377.000 5 e & 6 J. & J. N. Y., Am. Ex. Nat. Bk.
3,377,000
5 g. A. & O. Inter’st funded till 1893
434,700
5 to 6
A p ril 1
N ew York.
1,979,000
5 g- M. & 8. N. Y., Am. Ex. Nat. Bk.
572,000
6
j . & j . N.Y., R. P. Flower & Co.
1,650,000
5 g. J. & D. June ’92 coup, last paid
500,000
6 g- A. & 0.
366,000
g g- J. & J.
1,669,000
6 g.
11,840,000
11,840,000 See text. Q .-F . N. Y. Office, 80 B r’dway
7,250,000
5 g. J. & J. N. Y., Chase Nat. Bank.
1,500,000
.
do
do
5 g- J. & J.
Mar., 1911
Dec., 1916
April. 1919
June 1, 1920
Aug. 1. 1918
July 1, 1928
July 5, 1920
Oct. 1, 1923
Apr. 1, 1893
Dec. 1, 1909
Jan.
Apr.
Apr.
Mch.
Jam
June
Oct.
Jan.
Jan.
1.
1,
1,
1,
1,
1,
1,
1,
1,
1925
1938
1900
1929
1912
1928
1919
1917
1917
Feb. 15, 1893
Jan. 1, 1937
July 1, 1941
K e o k u k Ac W e s t e r n . —Owns Alexandria, Mo., to Van Wert, la.,
143 miles; operates Keokuk to Alexandria, 5 m iles; was formerly the
Missouri Iow a & Nebraska, part of the Wabash system sold in foreclos
ure August 19, 1886, and reorganized under this title.
M ortgage N ote .—A 6 per cent note for $200,000, secured by mort
gage, payable at will, is outstanding. D iv id e n d s —In 1888, 1 pe‘r cent;
in 1891, April, 1; Oct., 1; in 1892, April, 1 per cent; Oct., 1; in 1893,
A pril, 1 per cent.
E arnings —From Jan. 1 to j an. 31,1893, (1 month), gross $31,880,
against $37,437 in 1892 ; net, $10,865, against $17,536. In 1892 gross
earnings were $407,151; net, $135,373; interest, $12,710; taxes, $16,454; construction and equipment, $15,970; principal of note, $10,000;
dividends, $80,000; balance $239; balance Jan. 1, 1892, $41,276; bal
ance Dec. 31, 1892, $41,515. In 1891. gross, $414,274; net, $160,658.
G. H. Candee, 52 W illiam Street, N. Y., Vice-President. (V. 54, p. 524;
V. 56, p. 462.)
K i n g s C o u n t y E le v a t e d . —Owns road in operation through
Fulton Street, Brooklyn, to form er city line, 6*14 m iles; leases Fulton
Elevated, in operation from form er city limits to easterly line of
Montauk Avenue, 1% miles; projected to Jamaica, 125 miles.
Sto c k .—Stock authorized and outstanding, $3,250,000; par, $100.
B onds .—Interest on second mortgage bonds for 1890, 1891 and
1892 was funded into 10-year debenture scrip. Of the 1st mort
gage bonds $200,000 are 6 s ; trustee is Mercantile Trust Company
of New York. (See abstract of first mortgage in V. 49, p. 237.) The
Fulton Elevated Railroad is leased for 99 years, and its bonds guaran
teed, principal and interest. Bills payable were $308,667 July i, 1892,
against $153,000 July 1, 1891.
A n n u a l R e p o r t .—Fiscal year ends June 30. Annual statement for
1891-92, with balance sheet, was in V. 55, p. 421, showing gross earn
ings $879,887; net. $320,270; interest on bonds, $187,016; other
interest, $30,717; taxes, etc., $39,964; surplus fo r year, $62,573. In
1890-91 gross, $811,069. President, James Jourdan. (V. 52. p. 391;
V. 53, p. 256, 754; V. 54, p. 204, 924; V. 55, p. 4 21 ; V. 56, p. 83.)
K i n g s t o n A P e m b r o k e . —Owns from Kingston, Ontario, Can., to
c.
Renfrew on the Canadian Pacific Railroad, 104 miles; branches. 9 miles;
total 113 miles. Bonds are redeemable on notice at 105. In Decem
ber. 1892. company was proposing to issue 5 per cent first preferred
bonds. Company received nearly $1,000,000 in municipal bonuses.
Report for 1889 in V. 50, p. 390. Stock, $4,500,000; par, $50. Gross
earnings, 1890, $178,864; net, $44,435; surplus above charges,
$6,865. In 1889, gross, $182,875; net, $48,363; surplus over interest,
$14,043. See fu ll statement in V. 44, p. 402. (V. 50, p. 3 9 0 .)
K n o x v i l l e C u m b e r la n d G a p A: L o u i s v i l l e . —K noxville,Teim .,
with tunnel at Cumberland Gap, to a connection with the Louisville &
Nashville at Middlesboro, a distance o f 74 m iles; branches, 7 miles.
Consolidation with the Marietta & North Georgia—which see—was pro
posed in December, 1892. Default on 1st mortgage coupons occurred
December 1, 1892. Mortgage trustee Central Trust Co. The City of
K noxville subscribed to $225,000 stock. Stock authorized : Common,
$1,575,000; preferred, $1,380,000; par, $100; paid in $2,730,000.
E ar n in g s .— In year ending June30, 1891, gross earnings, $162,052;
net, $36,652 ; interest, $54,000 ; taxes, etc., $6,928 ; balance, deficit,
$24,275. New York office. 59 W all Street. (V. 48, p. 420; V. 51, p.
345 ; V. 55, p. 1078.)
L a k e E r ie A l l i a n c e & S o u t h e r n .—Owns from Bergholz, O., to
Alliance, O., 36 miles. H is t o r y .—Sold in foreclosure December, 1886,
and reorganized. In January, 1891, the portion o f the road extending
trom Alliance to Phalanx, 24 miles, v as sold in foreclosure under
the old Alliance & Lake Erie mortgage, and turned over to the Allianoe
& Northern Railroad Co. Sto c k is $3,000,000; par, $100. B onds .—
First mortgage is for $1,250,000, and the bonds unissued are reserved
for extensions at $25,000 per mile. E ar n in g s .—January 1 to Jan. 31,
1893 (1 month), gross earnings, $7,968, against $6,103 in 1892; net
earnings, $2,105, against $1,069. In 1892 gross, $83,659; net, $20,768.
In 1891, gross, $75,087; net, $14,141. (V. 52, p. 164; V. 53, p. 53.)
L a k e E r ie Ac W e s t e r n R a i l r o a d . —(See M ap.)—Owns from San
dusky, O., to Peoria, HI., 420 miles, and branch to Minster, 10 miles,
and from Indianapolis to Michigan City, 162 m iles; also Fort Wayne to
Connorsville and branch to Rushville, 133 miles; total, 725 miles.
H is to r y , E tc .—Company formed in 1887 after foreclosure (on Dec.
14,1886,) o f the Lake Erie & Western Railway. In Mar., 1887, purchased
the Indianapolis Peru < Chicago Road, 162 miles, and in June, 1890,
fc
acquired the Fort Wayne Cincinnati & Louisville. (See Ch r o n icle . V.
50, p. 590.) The terminals at Indianapolis, Peoria, Fort Wayne and
New Castle .are operated p artly under lease. This company contem
plates building in the future the Indianapolis & Northwestern, from
Muncie to a point on the Indianapolis Division, to make a direct line
from Sandusky to Indianapolis. See V. 52, p. 497.
D iv id e n d s —On preferred stock—In 1890, 4 per cent; in 1891, 4 In
1892, Feb., 1; May, l k ; August, 11*; Nov., I k ; in 1893, Feb., I k p. c.
P rice of Sto ck —Common stock in 1887,1 3 ® 2 4 k ; in 1888,12%®
19 *8; in 1889, 16®2038; in 1890, 1 0^® 1 9 7 in 1891. 12%3>24ki
8;
in 1892, 201
4'2>27%; in 1893 to Mar. 17 inclusive, 21®25k.
Preferred stock.—In 1887, 3 9 k ® 6 1 ; in 1888, 4 0k ® 5 5 7 ; in 1889,
e
5138®66k; in 1890, 44®68; in 1891, 53®70; in 1892, 69%a>80; in 1893,
to March 17 inclusive. 75®82.
RAILROAD
MiuBCB. 1888.]
STOCKS
AND
78
BONDS.
L IT T L E RO C
Alexander
Whittington
S W
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SwsuhLake
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T o r o n tir S ^ ^ T 5
^
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Gurdorsi
Kimasi
■Whelan
Watsonl
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Warren
Camdenl
Collins
.Fountain
it«»ow4
'.Hill
McNeil
0MU Holly
Hamburgh ©
MttpwUs
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Banitolomp\ypg i ‘^rhin\e
Martuti \ Tipton
K A N S A S CITY
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LAKE ERIE & WESTERN
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M arch , 1883.]
RAILROAD
STOCKS
AKD
BONDS.
7S
S u b s c r i b e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d 111 l lie s e T a b l e s .
\Sonds—Princi
INTEREST OR DIVIDENDS.
RAILRO AD S.
Miles Date ; Size, or
pal, When Due.
Amount
of
of
Par
Rato per When :Where Payable, and by Stocks—Last
For explanation ot eolumn headings. Ac., see notes
Payable
Whom.
Road. Bonds, Value. O u t s t a n d i n g ^ ^
Dividend.
on first page ot tables.
Lake Shore «# Michigan Southern—Stock................
Guaranteed 10 per cent stock...... ........................
Buffalo & Erie 1st m. (Buffalo,N.Y.,*0Erie, Pad.c.
Lake Shore div. bonds (Buffalo to Toledo, O .)— c;
Consol. 1st mort. sink,fund *250,000 yearly.CAr,
Consol 2d mort. {tor *23.000.000). do....... c*r;
Detroit Monroe A Toledo 1st mortgage, guar., c
Kalamazo & Whit* Pigeon 1st mort.. guar.........0*
Bat. Or. * Star. 1st M . , guar, p.A (.{see M.Ceu.i
Sturgis Goshen A St. L 1-t mort., g „ p. * 1 guar .
.
Kal. Allegan A Or. Rapids stock, 6 p. c. guar......
1st mortgage, guaranteed................................ cl
Jamestown A Franklin (leased) 1st mortgage— o
2d mortgage.................. ...................................C
|
Mahoning coal stock................................. ...........
Preferred stock, guaranteed 5 p. c. See te x t...
1st AL, Young.-, to A n d . etc., guar. p.AUoudj.e
Lear, Top. d S. if.—l 8tM ..lik5B»r.l>yAt.A%l>yCn.P.i
I^high d thuhnin K iter—1st M.,g.,lut.red’c'dto5p.c.
24 mortgage......................................... - ..............
Warwick Valley 1st A 2d Ms. (SSM0.00O2ds.ldl2!
Wawayanda RR. 1st m ortgage.......... ................
Leh. A H ud Elver Con.M.tor *3,0OO,OOO,goUl..c
Lehigh <i lAtckairaniui! -t mortgage.......................0]
Lehigh YaJlep—Stock ($100,300 is 10 p. c. prof.)..
1st mortgage, coupon and registered. - ..............
2d m ortgage................... ................................. i
Con. St., sterling, ff.,s.f.2 p.t-.y'rly. dr'n at pur.var:
dO
W m.... :regia., $.*<.098,000,» A1 ,ear!
coup, and t fc.... .
are ®)
do
annuity. $2,202,000 are 4U*.
io i
101
885
285
295
jjeh.Val. of N.Y . w .M .gold.go. p, A l.ieu d.ie'irj
Lehigh VaLT, rro l i s t M .giddguar.yJtL.ci»d-a*Ar
2*3
25
( I O M I » , t . M ..l»H ll!T (K - -
89
25S
801
961
62
37
11
29
58
58
51
51
13
13
43
16
u
03
22
63
25
F.
§100 $19,160,500 See t e x t 1 A A. N.Y,,Grand Cent. Office,
do
do
533,500 10 per an F. A A.
100
A. A O.
7
2.756.000
1963 500 Ac.
A. A O.
7
1,000
1.385.000
1869
Seerero.
7
15.389.000
1870
1,000
J. A D. C o u p o n s are paid
7
1,060 21.692.000
1873
F. A A.
by Treasurer at
7
921.000
1,000
1370
G ra n d C e n tra l
10 0.00 0
1890
1,000
t g. J. A D.
g- J. A J.
Depot, New York,
79.000
3
1880
and registered in
J. A D.
322.000
1889
.
3 gterest by Onion
610.000 6 per an. 'A. A O.
100
J. A J.
Trust Company.
5
810,000
1,000
1888
A J.
298.000
7
1.000
1963
1,000
A D.
7
500.000
1969
1.500.000 See text. F. A A. N. Y., Gr'd Cent, Stat’n.
50
A J. N. Y „ Union Trust Co.
661,850 ,5 per an.
50
do
do
1881 1 1,000
5
lx A
1.500.000
Boston,Am.L'n ATr.Co.
!J. A
1.380.000
1882 j 1,000
N. Y „ Nat. Exch. Bank,
i 8 J. A
800.000
; 1881
i.ooo
i
do
do
J. A
1887 ; 1,009
5
209,320
do
do
A. A
6
385,0<.10
j '79 *81 500 Ac.
1880
do
do
J. A J.
65.000
6
do
do
J. A ,T
.
1890
1,000
583.000
100.000
j 1877
? g‘ J. A D. Phila„Fid.r.&S.Dep.Co.
1,000
50 10,111,310 See text. ' Q .-J . Phila., 228 So. Third St.
3.000.
000 a
,r. a d . Regatoffice; c.p.Bk.N.A.
1308 1 1.000
I 1870
M. A 8. Phfla. Of., 228 So. 3d St,
7
1.000
6.000. 000
do
do
J. A D.
1,000
6
1.631.000
: 1873
1873
*
1,000 13.582.000 l 1 A 0 J. A 1). Reg.ut office;op.Bk.N.A.
1873
7.718.000 1 * 3 * 0 J. A D. PUBk. Of.,228 So. 3d St.
1.000
S:
1890
1991
1.000
1.000
15.009.000 t
10.000.000
Feb. 1, 1893
Feb. 1, 1893
Apr. 1, 1898
Apr. 1, 1899
July l , 1900
Deo. 1, 1903
Aag. 1, 1906
Jan. 1, 1940
Dec. 1, 1989
Deo, 1, 1989
Oct. 1, 1892
July 1, 1938
Var. to J'ly,’97
Jane 1, 1894
Feb. 1, 1893
Jan. 1, 1893
July 1, 1934
July 1, 1912
July 1, 1911
July 1. 1917
1900 A 1912
Jan. I, 1900
July l , 1920
Dec. 1, 1907
Apr. 15, 1S93
June 1, 1898
Sept, 1, 1910
Dec. 1. 1897
Deo, 1. 1923
Irredeemable.
l»*g . J. A J. N.Y.,Mercb.N. Bk.A Pli. July 1 , 1940
5 a. A A O.
do
dn
Out, 1, 1941
Bo n t>«. —Abstract of first mortgage (Central Trust Company and A. 1,
1989.
1890.
1891.
1992 tost.)
Mason, trustees), lu V. 46, p. 15.
Net, Incl. ollutue'me *7.022,285 $7,144,037 *7,254,333 $7,065,350
In June, 1800, It was Toted to authorize $3,623,000 o t 2d mortgage Rental* paid...........
$557,153 )
$507,645
*501,119
bonds ($5,000 per mile) o f which $1,500,000 have been issued. The I'ttterofit on debt,...,
3,201,370*; v* *-.000
3,245,015
3.225,723
trustees o f this mortgage are Cent. TrutstCo. o f If. Y. and R ob t C. Bell o f Dlvid's on guar. s'k.
53,350
53,350
53.350
.>3,350
lad. I»ua abstract o f second mortgage w » In V. 51. p, i l l .
Asxtbu. K b i - ik t .—Fiscal year ends December 31 Annual meeting Surplus tor dividend 83,210,275 $3,300,515 $3,439,160 $3,270,000
la hold at Peoria on first Wednesday (a October. Advance statement D ividend*-............ (5)2,173.325(6)2.907.990 (6)2.907,990 (0)2,907,990
for 1892 in V. 56, p. 330. Annual report for 1391 was m V. 51, p. 559.
Surplus.................
$712,950
$332,555
*171,150
*302,010
1889.
1890.
1891,
1892,
Oroee earning*.........68,839,278
63.071,138 *3,273,365 $3,53*, 182 -*V.52, p. 280, 321,710. 7(51,796.973: V. 53, p. 289, 798.968: V. 54,
Net earning* ____ §1,110.219 *1,275.656 f t , 147.897 *1,620,359 p. 307, 712. 760, 945; V. 55, p. 5, 21, 337, 895, 1076; V. 36, p. 375.
Intereol on bonds..,, 303.000
332,750
363.771
131.607
Tax** and rental* ..... 139,320
140,503
155.068
200,033
Leaven w orth T op ek a A 6 . w , —Onoi from Leavenworth to
D M ta d *..................(1)118,400 <1)473.000 (4)473.000 (5)592.01*) Meriden Junction, in Kan-.i-'. 17 miles. Operated, as part- of the St.
Joseph A Grand Island Division of the Onion Pontile, its stock ($4,Balance, sftrpltH. *555,510
*322.803
$155,479
$3!i:i,«59 380,000) being owned nm*-lnUf each by Union Pacific and Atchlsda
Betterment*---------*441,201
*223.250
>216.500
(!)
Topeka A Sonia ,Fe. Of the itouilo $090,C > are guaranteed by Union
KM
Calvin 8. Brice, New York, President. ~iV. 52, p. 197 ; V. 53, 407, Paeliie, the balance by Atchison. A.-iouiH* payable w e re *806,677
Jan. 1. 1-892. In 1692 gross *33,270; deficit from operating, *30,73(1
568. 604, 712; V 54, p. 443,1 t-l. 559; V. 56, p. 330.)
against *43,149 in 1891. Deficit under charges in 1891, *105,857,
L a k e M il,,re A" VI ir l i I g a n s,» it l h r i !
See Mifp Mem York Cm j
K t r e r . j —O w m from Buffalo. N. Y., to Chicago. Hi,, 510
L e h ig h A* H u d s o n K C v e r.—Owns from Oreyeofirt, on Erie Road
miles; brunettes, 319 miles; total owned, 859 miles. Proprietary line* i to B t lv H m , N. J.. tCt miles. Proprietary line -Hudson Junction to
(entire stock owned) Detroit A Chicago, e » mile*; Detroit Monroe A i Mayi*tttok. N. Y-, on Hue to Ok * Pougiikrerpsio Bridge, 1.1 miles ; track
Toledo. 02 mtlre: Kalamazoo A White Pigeon, 37 miles; Northern Cem age Pennsylvania RR., Bolvidere to PhUlliisburg, 13 m iles; other mll©trm (Mieti.j, 61 mite.*; Sturgis Goshen A St. Loire Ac.. J > mil.—; age, 3 miles; total oi«sratt"l, 90 miles. In August, 1888, tho Central
l
<
totai, 263 mile*. Leases Katemaroo Allegan A Grand Rapids, 56 mile*; I o f New Jersey (Htrchascd about oiKvtbird the contpimy’ s stock, and
Jamestown A Franklin, 51 mites; HalloaingCoal UK.. Youngstown to this, w ith the *i<H;*k held try the Lokigit Coal ANnvignDou Co., coutroia
Andover, o., and branches, 50mihw( Detroit Hillsdale A Southwestern, the road. Car trusts, 0 net cent, * 17, i30. Stock, *1,349,000; jntr,*10O.
(which see), 85 miles; Fort Wayno A Jackson (which *w>, 98 miles; total, j Tin* soiffirni mortgage fur $3,000,000, (trustee, Central Trust Company
32*2 miles. Total of ail January 1,1893. 1.415 mile*.
of New York), covers the stock o f tin* proprietary lino, amt #1,750.000
i r a l <t ll\ u l»o n
O b o a n izat io n , A c .—A I.insulidattou In Aug. JO. 1809. The Moliouinsr
Coal HR, Is leased in perpetuity at 40 per cent o f gross earning*, a i l
iM preferred stock and bond* guaranteed ; Isiko Shore owns $805,900
Of its common »n d $390,500 o t Its preferred stock. Tins N .Y . fin e. A
84. Louis (Nickel Plate) road has been controlled by ownership o f
stock slut* 1882. Lake Shore nnvr owning *0,240,000 o f its common,
*0,273,W)O o f lot 2d preferred and *22913,(810 o f its 1st preferred stock,
The Company owns u
'.-vn (besides the entire stock o f the proprietary
to es) $2,000,300 H m b tirg A Lake Erie stock and $169,100 common
and *7 7 1 ,it«) preferred Cleveland (gamin A Wheeling.
C * m » t Stock.—
The stock has remained at *50,000,000 since
1871. Tim guaranteed stock of*533.500 curries 10 percent dividend*.
Tin* Mahoning to., preferred sfock certificate* contain a clause making
them redeemable at p.tr at option of Company; tint It 1 understood the
*
company will not exercise the option.
Dwmmstss — common stock Since 1*76; In 1677, 2; lu 1878,1; In
On
1879, i)L; m 1880. 188 i . 1882 and 1863, 6 per cent each year; in I 6 6 4 ,
7; in 1885 and 1886, nil; In 1*87 and 18 6 6 , 4 percent; la ifWS»,»: In
1800.5; in 1691,6%; in 1892, Fob.,2%and i extra; Aug..3; in 1893,
February, 3 per cent.
i Isiil.i * are reserved for prior bond* when cine, Ixm m and bills pnvabls
were *293,913 December 31,1802.
j
I From July 1, 1*92, to Dee, 31, 1892 (<! months),gross earning* were
271,910, against *204.950 in 1891; not. *90,401, against $97,023
j
i Hurplii* over charges was *17.517, against *27,225 In 1801.
In year ending June 30. 1892. gross earnings were *391,343; not,
$185,078; Interest on bonds, $109,03t>; other interest, $18,349; cred it
Items, *3,199; bnluuce, surjdn-, * 02,006, in 1890-01 net, $143,435surplus over charges, $33,704. Griuncll Burt, President, 80 Broad
way, N. Y. City, (V. 53, p. 71 », 879; V. 54, p. 289, 888; V, 55, ft, 298.
5 4 3 , 935, 10 7 0; V, 50, p. 290.)
*
L e h ig h V a lle y , —Main line, Newnrk. N. J., to Buffalo, N. Y., 443
mites: branches to AMdenricd, TorntdOken, Harieton. Ac.. 450 miles;
Southern Central Kitiiroad. 114 m ils -; State U n e A Sullivan Railroad
24 mile*. Total system, November 30,1892,1,031 miles; second truck.
337 utiles. Trackage: Pennsylvania Railroad, 50 tulles; New Yorit
Central. 15 miles; Central o f New Jersey. 21 miles. Company opener!
a through line o f it* own from New York to Buffalo Sept. 1,1892. and
discontinued the trackage of 186 miles over the Eric.
L rask .—In 1892 the Lehigh Valtey was leased to the Reading
tor 999 years from December 1, 1691. the Reading guaranteeing
l Ji percent on the stock in July, 1892, 1 'a per ijotit Doth in O ctober
PaiC* o r Stu c k .—I n year 1884. 50%»1O4% s in 1865, 50% hR9V, 1892. and Jan., 1893, and thereafter 1% quarterly (7 p. e. yosriv), and
in 1886, 76%-noox.; )tl 1887, 89»08% ; In 1886, 8r.»4 » H M T in 1.690. agreeing to turn over to this company one-half the surplus ou'rntngs
s;
» 9 V » 10 6is ; )„ 1890. 1 0 t » U 4 < « ; in 1801. i0 5 % x rfl2 7 : in 1892. above the guaranteed 7 (air cent dividend* up tn l o per oont, after
which the Rending retains ail profits. ,8 V. 54. p, 288 and V. 50, p.
<*e
120® 110% ; in 1893, to March 17, inclusive, 121%® 132,
105. 288. In February. 1893. the Reading went Into receiver's bands
Host**.—Interest on this consolidated first m ortgage!» paid on coupon on account o f a large Moating debt -sue that company. In March. 1893,
bonds J. A J.. on registered bunds
J,
it wo- proposed that tin- rental payable to the Lehigh Valley should be
The first coowdldated mortgage bond* or the bonds prior thereto are reduced to t >r per cent quarterly i-5 per cent per annum) lor tw o yearn
redeemed each year by *250,000 contributed to the sinking fund. The ending March a t, 1895. tilt- stoekholdAm to receive at the end of thin
above bond* of ail classes outstanding are given less the amounts held time such additional dividends an may have been earnOil wit.ldn tho
to the staking Binds, which amounted to $"..500,000 .-.-i.t. 1 . 165)2. terms of th* original covenant A fte r March 31,1895, the original
Clev. Paines. A Ash. 7s for *309,000 were paid in 1892. and $319,000 coven -it w ill again bo In fu ll force. The April, 1893, dividend wtw
eonsoL 7* wore issued.
1 *4 i»cr ct r.'. See V. 56, p. 413, 463.
G r s r s a i , F b u n c w , A c .-T h is is one o f the so-called Vanderbilt
Co a l PnnpBBnrr. —
The Lehigh Valley Coal Company ow n* 22,723
US®** 14 ^
a large business bat is greatly dependent on through
acre** of anthracite total lands and leases 13,01)2 acres. It also owns m
traffic, or traffic from competitive points.
majority o f the stock In other eorporatiotht owning 14,259 acres. Tho
i
has Iwco charged to construction or equipment account since
Is-nigh Valiev Railroad Company owns 3,619 acres o f coal
I§A2'.th£ ,0}?tla,r“ therefor charged to operating expense* amounting in tin* stock of the Lehigh Valley Coal Company i» owned liylands. A ll
the Lehigh
1692 to #1,01.0,000, this iMSIng exeiusivn of expenditures for renewals.
Valley Railroad Co., !*nt its *500,000 of 5 tier cent bonds due January;
AsyoAi. R epo bt ,—F iscal year ends December 31. Annual meeting 1910, are not guaranteed by that company. On Nov. 3 0 ,1892, the sum
is held the first -Wednesday in May, at Cleveland. The annual report due from tin* i oal Company to tin* Railroad Company for advance*
fo r 1891 was published in V, 51, p. 790. H c also V. 54, p. 712. was about *1.1,500,000, and in February. 1803. a mortgage fo r
.
Advance statement for 1892, December partly estimated, wsis in v . 55. *12.000.000 of 3 per cent gold bond- dm* 1933 was filed lo represent
p. 1078. Report to (State Railroad CommiMoners in V. 5(1, p. 275, tire: indebtednre-. Tin- CnaiCo!rl|tnnv in 1892 sold 1,454,262 tons o f
showed actual gross earmaga for 1802 to lie *22.4 l.v.383.
coal. As tho stock o f the Coal Company was not included in the Read
*
,
1889.
1890.
1991.
1992 (cat.) ing lease, the Coal Company’.* income i* ftpnlieatde to puytuoirtot delitd
to the llailroml Cotnpidiy. Bee V. 56, p. 288.
Miles operated.......
1,110
1,145
1,415
Total gross earning* *19.187,190 *20,805.700*21,131,385 *22,4.50,000
DtvtitBkus.—On common stock since 1880—In 1861,5%: in 1882, 6>e:
Oper. exp, * taxes 12.847.452 14,220.481 14,032,675 15,620,000 to 1883 and 1884.8; in 1885. 6: in 1880, 4 ; in 1 x87, 41, ; from 1888
to July, 1*92, both Inclusive, at rate o f 5 per uent yearly; in Oct,, 1 kj
Net earning-* ... *0.039,7*14 *6.645,279 *0,796.710 *0.030,000 per cent; in 1898, Jan., 14, per cen t; April, 1 ‘ 1 |n*r cent. (Bee lease
P.e.of op,e x. to ear' gj»
65*93
68*15
09*27
above.)
70*47
Mahoning Goal common stork paid in 1889 4% per rent; tn 1890,5 !
in Feb., 1691.4*s; in 189*2, Feb, 5*#, August 3; in 1893, Fob., 5 p. c.
INVESTORS’ SUPPLEMENT,
76
rvoL. l v i .
* n b « e r l b e r » w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s .
Ronds—Princi
IN TE RE ST OR DIVIDENDS.
RAILROADS.
pal,^When Due.
Miles Date Size, or
Amount
Rate per When
Par
or
For explanation of column headings, Ac., see notes of
Outstanding Ceut. Payable Where Payable, and by Slocks—Last
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
Lehigh Valley—(Concluded.)—
Oen. mort.,$10,000,000, guar.prln. &int.(end.)i
Easton A Amboy, 1st M.gnar.Easton to 1'. Amboy
Morris Canal stock, 4 p. <•., guar. tl!)9 years.........
Preferred stock, 10 p. c.. guar. 99!) years.........
Litchfield Carroll.fW esi.—IstJl. ($10,000 p.m.),g.o*
Little l ulls f itodgecille.—1st mortgage, gold— c*
Little M iami—Sfk'. com., gu. 8 p. c. 99yrs.P.C.&St.L.
Street con. 1st A 2d Ms. (jtly. with Cm. A I . RRJ.o
Little Hock f Memphis—First mortgage, gold ....... e
Consol. M. g. ($1,390,000 reserv’d for prior b’ds)c*
General mortgage, gold.................................... c*
Metropolitan Ferry Co. 1st mort.,gold, red. at 110.
L. I. R R. mort. on ferry for $2,750,000. gold .-.c'
‘
New York & Flushing 1st mortgage, assumed—
Brooklyn A Montauk 1st M., $250,000 are 6s...c*
Second mortgage, gold, assumed................... c'
Long Island City A Flushing 1st M,. assumed, .c*
L. 1 C. A Flushing, con. mort., gold, assumed..cy
.
New York A Rockaway 1st mort., int. only guar..
Smithtown A Port Jeff. 1st M., guar. p. A i . (end.)
L.I.RR.NorthSh. Br. consol.M.$1,500,000,guar.c*
Los Angeles Terminal—1st mortgage, gold.............
Louisiana Western^—1st mortgage, gold..................
Lonisv. Evansr. <( St. L. Consol.—1st mort.E.R.&E.
105
105
105
60
1866
1866
1888
1880
1892
52
12
1886
1891
2 1864-8
84 1882
135 1887
28
94
158
180
180
2
76
76
23
23
19
19
51
112
72
1868
1878
1881
1888
1887
1892
1880
1881
1888
1881
1887
1871
1871
1892
1891
1881
1881
$1,000
1,000
1,000
1,000
1,000
100
100
1,000
100 &c.
50
1,000
1,000
1,000
50
50
500
100 Ac.
1,000
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
500
500
1,000
1,000
1,000
1,000
P rice of Sto c k .—Common, in Pliiladelpliia—in 1884, 5T@717 in
8»
1885, 541 @611 in 1888, 5514® 62; in 1887, 537
s
4;
8'®57%; in 1888,
51> -®577 in 1889, 52®55; in 1890, 4 7 ^ 5 4 * 8 ; in 1891, 457
s
8;
8@511
4;
in 1892, 50 j
4®621 ; in 1893 to Mar. 17 inclusive, 441
2
q®62.
B onds .—The consolidated mort. of 1873 (trustee, Fidelity Insurance,
Trust A S. D. Co. of Phil.) is for $40,000,000, of which $12,000,000.are
reserved to retire $11,000,000 prior liens when due. The bonds are
issued in three series, of which the sterling issue, “ class A,” is subject to
call at par in increasing amounts each year, $285,000 being the amount
payable in 1892. A second series is composed of the “ coupon and reg
sstered” bonds, which are not subject to call, but which prior to Nov.
13. 1893, may be converted at option o f holders into bonds of the third
series, these last being annuity bonds and irredeemable, never falling
due except in case of default. A ll these issues are equally secured.
L ehig h V a l l e y R a il w a y Co m pan y of N e w Y o r k .—Owns road
from Buffalo, N. Y., to Sayre, Penn., 283 miles double track. Stock all
owned by Lehigh Valley RR. Trustee of mortgage, Girard L ife Insur
ance Company, Philadelphia; abstract V. 51, p. 114, and V. 54, p. 203,
965.)
L eh ig h V a l l e y T e r m in al R a il w a y .—Owns the road from South
Plaiiitteld, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there and other property; its stock of $10,000,000
is owned by the Lehigh Valley RR. (See V. 53, p. 640, 880.) Central
Trust Co. of New York, trustee.
M orris Ca n a l .—L eased for 999 years and dividends guaranteed.
Bonds all owned by Lehigh Valley. Canal no longer used as such, but
water-shed supplies city o f Newark with water. See V. 50, p. 137.
P e n n s y lv a n ia A N ew Y o r k Ca n a l A R a il w a y .—L eased for 99 years
from December 1, 1888, to Lehigh Valley, which has assumed its debt
and owns all its stock. General' mortg. bonds of 1889 (trustee, Girard
L ife Insurance Co.) are reserved to take up prior bonds when due.
L atest E arnings .—Dec. 1,1891, to Oct. 31, 1892 (11 months), gross,
$16,735,274, against $15,590,116; net, $4,404,899, against $3,476,096.
A n n u a l R epo rt .—T he fiscal year ends November 30. The brief report
for 1891-92 was in the « C r o n ic l e , V. 56, p. 126, 288. No statement of
h
earnings, etc., was furnished, but the lessee reported that the
traffic earnings of the Lehigh Valley system increased by about $1,000,000 during the year. “ This includes less than three months of the
income derived from the new line to Buffalo since the diversion of the
business from the Erie Railway, early in September last. The saving
in rentals paid that company considerably exceeds the interest charges
$1^,000,000 Lehigh Valley Railway Company and the $10,\ alley Terminal Railway Company bonds.” In year
2§91-92funded debt increased $3,802,000 (net) and debt guaranteed
$8,0o0,000. 1 or previous years results were as below.
Year ending Xov. 30—
1888-89.
1889-90.
1890-91.
Gross receipts.....................$16,674,964
$17,432,007 $18,910,261
$5,480,235
$5,834;351
Total net income................ $5,255,581
Interest on d e b t . . . ..............$2,168,571
$2,651,120
$2,817,240
Gen’l expenses, inol. taxes.
945,768
694,258
723 510
Dividends.
2,018,202
2,027,370
2,070,370
Balance, surplus..........
123,040
107,487
266|231
-< y .5 4 , p. 33, 158, 203, 367, 761, 867, 889,965; V. 55, p. 178 216
256, 331, 678, 996 ; V. 56, p. 125, 288, 373, 413, 463.)
P
’
’
L i t t l e l l i a i u l . —Owns from Cincinnati, O., to Springfield, O., 84
mdes; branch, Xenia, O., to Dayton, O., 16 miles; leases, Columbus A
° i ’ t,° Columbus, Ohio, 55 miles; Dayton A Western
RR., Dayton, O., to Indiana State Line, 38 miles; Ohio State Line to
^ L U o p e r a te d ll 06 miles’ Cmciimati Streefc Connecting RR., 2 miles;
^ornfnety-nine" »
renewable forever. The Pennsylvania Railroad Company te a
i10 ottle COIlt5ai:t and guarantees its faithful execution.
Rental 1 8 per cent on $4,913,100 stock and interest on debt
8
In addition to above bonds there is $100,000 6 per cent permanent
■
capitalized debt; interest January and July. Lessee's report for this
road sliowsnet loss to leasee: lu 1880, $168,680; iu 1887, $298 405®
*37981o i * 'V he Little 'ilf188.9n ^ does not admit these losses. In 1891,
$373,301. T h A it « io Miami Co. 85’873: " ! 1890' $384,451;
vo, ed t0 authorize the issue of $3,000,t
OOO 7 per oent bonds (to be issued to the lessee from time to time in
£n.yi Ue,uh
a
$3,000,000 stock, into which the
haU beJ ,
u?Y?rtib,le; Negotiations with lessee are still pending
and uo convertible bonds had been issued prior to February’ 23 1893’
580,'789; V 's o l'p .
5 *V !«!S
reaoho<1— (V. 49, p. 300, 4 sl;
, L lil D K o<‘ k ^ M e m p h i s . —Owns from Little Rook, Ark., to Missis
,«e
sippi River, opposite Memphis, 135 miles. The Meinpli s & Little Rock
^ 0a<1.wa« . 8 t1 l m foreclosure in 1872, again in 1877 and again in 1887
0 .<
hee description of property, balance sheet, etc., in V 55 n
59. Interest due March 1 1893, was not paid, and it is proposed"
to
fund tbe coupons due in 1893 and 1894. (See V. 56, p. 463.) ‘
$3,25(1,000; par, $100. From January i to Aug. 3i,lL892, gross $35?*
$408,632 in 1891. In 1891 gross earnings were $709 os'4*
net. $186,345; surplus over charges,
Memphis. Teuu. (V. 51, p. 1048
$1,500,000
1,500,000
7,000,000
6,000,000
1,200,000
1,025,000
1,175,000
516,000
250,000
4,943,100
525,000
1,500,000
3,250,000
2,487,850
12,000,000
1,121,000
268,703
3,610,000
3,000,000
1,250,000
1,500,000
125,000
1,000,000
600,000
600,000
650,000
250,000
75,000
1,075,000
1,500,000
2,240,000
900,000
7
J. A D. Pliila., Bk. N. America.
J. A D.
7
do
do
4 A 5 A. A 0. Pkila., Lehigh Val. RR.
M. A N. Phil a., Of., 228 So. 3d St.
5
5 g. J. A J.
do
do
4 per an F. A A.
do
do
10 per an P. & A.
do
do
J. A J.
N. Y., Am. Ex. Bk.
6 g0
6 8- J . A J. N. Y., Metropolitan Tr.
8 per an. Q.—M. Cinn.,Ofiice, IstNat.Bk.
Various
do
6
do
5
M. A N. N. Y., Bank of America.
5 g. M. & S.
See text.
7 per an. J. & J. Phila., Of., 410 Walnut
5 per an. Q .-F . N. Y., Corbin Bank’g Co.
7
M. A N.
do
do
7
F. A A.
do
do
Q .-J.
do
do
5 g.
do
do
4 g. J. A D.
do
do
5 g- M. A N.
4 *2g. M. A S.
do
do
M. A S.
do
do
6
5 & 6 g. M. & S.
do
do
do
do
g g- J. A D.
6
M. A N.
do
do
do
do
5 g. M. & X.
A. & 0.
7
do
do
7
M. A S.
do
do
do
5 g.
do
Q .-J.
5 g. J. & J. N.Y. Cent. Tr.; St. Louis
6 K. J. A J. N.Y., 8. Pac.Co. 23 B’rd
6
IJ. A J. N. Y., Security A Tr. Co.
June 1, 1896
June 1, 1906
Apr. 1, 1939
May 1, 1920
Jan. 1, 1932
Feb. 1, 1893
Feb. 1, 1893
Jan. 1, 1916
July 1, 1921
Mch. 10,1893
1894-1898
Nov. 2, 1912
Sept. 1, 1937
Jan. 13, 1893
Feb. 1, 1893
May 1, 1898
Aug. 1, 1918
July 1, 1931
June 1, 1938
Nov. 1, 1937
Mch. 1, 1922
Meh. 1, 1920
Mch. 1, 1911
June 1, 1938
May 1, 1911
May 1, 1937
Apr. 1, 1901
Sept. 1, 1901
Oct. 1, 1932
July 15,1931
July 1, 1921
July 1, 1921
L o n g I s la n d . —Owns from Long Island City, N. Y., to Greeuport,
N. Y .f 95 miles; Long Island City to Great Neck, 14 miles; Bushwick
to Sag Harbor, 97 miles; branches, 82 miles; total owned, 28S miles.
Operates North Shore Branch road (form erly Smitlitown A P ort Jeffer
son RR.), 19 miles; leases—Stewart’s RR. to Bethpage, 14 m iles; Stew
art’s RR. to Hempstead, 2 m iles; N ew York & Rockaway RR., 9 miles ;
Brooklyn & Jamaica RR., 10 miles; N ew York Brooklyn A Manhattan
Beach Railway and branches, 20 m iles; total leased, 74 miles. Total of
all. 362 miles.
O r g a n iz a t io n , Sto c k , E tc .—Control was acquired in December,
1880, by the “ Long Island Company,” controlled by Mr. Austin Corbiu
and others, In July, 1881, the stock was increased from $3,260,700 to
$10,000,000, and afterward in 1889 to $12,000,000 in order to absorb
the Brooklyn A Montauk. Stockholders voted Jan. 24, 1893, to acquire
a controlling interest in the stock o f the Pros. Park & Coney I.—which
see—and V. 56. p. 42. In February, 1893, it was reported that the com
pany had bought, and would issue a mort. for $500,000 upon, the Stew
art RR., including the branch to Flushing, which needs re-building.
D iv id e n d s .—In 1882, 1; from 1883 to 1890, both inclusive, at the
rate of 4 per ceut per annum; in 1891, 4Lj; in 1892, February, 1*4;
May, 13 August, I I 4; November, 1*4; in 1893, February, 1*4 per cent.
4;
P r ic e of Sto c k .—I n 1887, 85®99%; in 1888, 8 7^^9 5; in 1889,
891
2®961 ; in 1890, 82@95; in 1891, 86®99*4; in 1892, 95®112; in
^
1893 to March 17 inclusive, lO S ^ 'S llS 1
^.
B onds .—The Central Trust Company is trustee of the general mort
gage of 1888. There are also $241,700 real estate mortgage 5s to 7s.
The ferry mortgage for $2,750,000 covers all the real and personal
property pertaining to the company’s ferries (34th Street and James
Slip); $1,250,000 bonds being reserved to retire the Metropolitan Ferry
mortgage. Trustee Central Trust Co. See V. 54. p. 597.
The L. I. RR. North Shore Branch Co’ s, bonds are unconditionally
guaranteed as to principal ami interest, and are so endorsed. Of the
$1,500,000 authorized, $400,000 were for the construction o f a twelvemile extension. V. 55, p. 322.
Ge n e r a l F inances .—The James Slip and 34th Street ferries were
purchased in 1892, aud debt increased by $2,750,000 therefor. Loans
and bills payable were $196,203 Dec. 31, 1892.
L ate st E ar n in g s .—For six mouths ending Dec. 31 earnings w e re :
July 1 to Dec. 31— Gross.
Net.
Other inc. Charges. Sal., sur.
1892...................$2,450,560 $906,229 $76,610 $477,868 $504,971
1891................... 2,351,189 905,969
31,729
445,632
492,066
A n n u a l R e po rt .—Fiscal year ends June 30. Annual meeting is held
the second Tuesday iu April. Report for 1891-92 was in V. 55, p. 502.
1890-91.
1891-92.
Gross earnings................................................... $4,061,899 $4,171,524
Operating expenses........................................... 2,529,239
2,734,416
N et earnings............................
Total net, including other income
Interest on bonds.........................
Taxes.............................................
Rentals.........................................
Interest and discount...................
Dividends......................................
.$1,532,660 $1,437,108
.$1,593,257
1,518,246
528,043
556,705
131,276
130,878
.
175,582
178,603
25,191
28,874
(4) 480,000 (5) 600.000
$23,186
Balance, surplus........................................... $253,165
- ( V . 53, p. 95, 368, 4 35, 714; V. 54, p. 289, 597, 846; V. 55, p. 22,146,
322, 502, 857, 1036; V. 56, p. 42, 164, 247.)
L o h An sceles T e r in it ia l. —Owns 51 miles of road connecting Los
Angeles, Cal., with Pasadena, East San Pedro, Verdu^o and Altadena,
and leases Los Angeles to Monrovia, 17 m iles; total, 68 miles, standard
gauge. Completed as now in 1891-92. Stock authorized, outstanding,
$3,000,000; par, $100. Mortgage is for $1,500,000 on 45 miles and
$20,000 per mile for additional ro ad ; it covers 60 acres o f terminal
lands in heart of. Los Angeles and 40 acres of w ater front and terminals
at San Pedro, the seaport of Southern California. Trustee, St. Louis
Trust Co. President, Geo. B. Leighton, St. Louis.
L o u is ia n a W e s t e r n , —(See Map o f Southern Pacific.)—Owns from
Lafayette, La., to Orange, Texas, 112 miles. Operated under lease by
the Southern Pacific Company, being part of the through line between
New Or.eans and Houston. The lessee pays all charges and turns over
to this company 7 per ceut of the total net profits of the Southern
Pacific Company, under the omnibus lease.
From January 1 to Jan. 31, 1893 (1 month), gross earnings were
$110,427, against $96,668 in 1891; net, $57,256, against $46,057.
In 1892, gross, $1,098,470 ; net, $549,073. Iu 189 L gross, $1,061,676; net, $457,815; surplus over charges. $308,554; amount o f net
profit due this company as per lease, $169,351. Stock is $3,360,000 (par
$100), all but $50,000 o f which is owned by Southern Pacific Co.
L o u i s v i l l e E v a n s v i l l e & St. L o u is C o n s o lid a t e d . —(See Map
o f Evansville d- Terre Haute Railroad.)—Operates from Louisville, Ky.,
to East St. Louis, 111., 275 miles, with branches to Evansville, Rockport, Cannelton, etc., iu Indiana, 93 miles; total, 368 miles, of which
353 miles owned and 15 miles trackage. Also owns Venice A Carondelet Railway, leased to East St. Louis Connecting Railway, 7 miles. Por
tions main line operated under trackage rights; Louisville to New
Albany, 6 m iles; Walnut H ill to Centralia, 7% miles.
RAILROAD
M^SCll- >&S.)
STOCKS AND
77
BONDS.
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LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
7S
INVESTORS’
SUPPLEMENT.
(V ol, L V I
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le * .
B o n d s — Princl
INTEREST' OK 1)1 Vi'DKNDS.
RAILRO AD S.
Miles Date Size, or
ion Due.
Amount
Rate per When Where Payable, and by Sto ck 8—Last
Par
of
of
i?or explanation of column headings, &c., see notes
Outstanding
Cent. Payable
Koad. Bonds Value.
Whom.
D iv idend.
on first page of tables.
6
A. & 0. N.Y., Security & Tr. Co.
■E, B d St. L , — ( O o n t ,) — lstM .,g.,(lB ton l8 2m .,2d o 182 1886 $1,000 $2,000,000
1,000
670,000
6 g. A. & o.
do
182 1886
do
2(1 ji'.irigitge, infill, imasamited-------------------- a*
300,000
6 S ’ A. & 0.
1,000
do
24 1887
do
Hunt. Tull. City & C. RR. 1st mort. gold, guar.c*
500
200,000
8
J. & D .
do
do
20 1875
Illinois & St. Louis 1st mortgage...................... o*
300,000
6
various
do
do
'Venice & Curondelet. mortgage, guaranteed— 0* r --- 1880-2 1,000
5 g. J. & J.
3,795,000
1,000
do
1889
L. E. & St. L. consol, mort., gold ($8,000,000). .c'
do
4
See te x t
M, & S.
1893
New York,
■Generai mortgage for $15,000,000, gold .............
52,800,000 See text. F. & A. N, Y., 120 Broadway.
100
....
itr in tts & U le d: N t w h v M e — S t o v .k ................. .— ... .. .
6
1,000
333,000
1863
do
do
Lebanon Br,, June, to Jeiiico, Louisville loan .. .e* 1 7 1
A - & O.
7,070,000
7
1,000
A. < 0.
fe
do
419 1868
do
Consol. 1st M. (prior liens are only $333,000)..«
7 S ’ J. & D. London and N ew York.
/£200
3,500,000
Memphis & Ohio 1st M „ Paris to Mom., g,,guar.. c* 130 1871
£200
2,015,660
6 S ’ F. & A. London and New York.
‘Mem.Cliirks.A-L.lsi M.,£,Guthrie to Paris,Temi.c'
83 1872
760,000
7
M. & S. N. Y,, 120 Broadway.
46 1877 $1,000
•Ceclllan Br,lstM.,Cecll.toLouts„s.f,,di"natlOO.e"
1,000
6 g- J. & D.
do
2,210,000
do
E.H.&N.lstM. .Henderson to Nash.,g,dr’n at llO .e* 135 1879
1,000
11,320,000
6 S ’ J. & D.
do
Louis. & Nash, general M., gold, drawn at 110.C” 802 1880
do
1,000
4,531,000
6 S ’ M,
j
S.
do
do
10-40 Adjustment Mort,, gold (red. aft, 1894).c- 785 1884
1,000
7
2,850,000
J. & j .
L. V . A Lex. latM .,s.f.(notdiJn)Louis.toNewp,t.e* 175 1867
do
do
892,000
A. & O.
7
do
2d mortgage, stoking fund, not d raw n ......... 0* 175 1877 100 &e.
do
1,000
1,960,000
6 S ’ A. < o.
I:.. A Nasli.bds.,8.AN. Ala. RR., 2dm. as eol.gold.c* 189 1880
&
do
do
1,000
580,000
6 s . M. &
45 1880
Pensacola Division 1stm.,gold (dr’n at 105)..e*
do
do
1,000
5,000,000
N. O. & Mob. Div. 1st M., N.O.to Mobile, gold.e* 141 1880
6 S ’ J. & J .
do
do
1,000
1,000,000
6 g- J. < J.
do
do
2d M „ N. 0. to Mobile, gold......................... e* 141 1880
&
1,000
3,500,000
6 S ’ M. & s.
-Southeast < St. L. Div. 1st Mort., gold,.......... G* 208 1881
fe
do
do
1,000
3,000,000
3
M. A
2d M „ gold. East 8t. L, to Evansville & br. .0" 208 1881
do
do
1,000
175 1881
-GeneralmortgageL. G. & L,» gold...........
50,000
6 S ’ M. & N.
do
do
1,000
1,764,000
5 S ’ M. & N.
1st M. (50-year 5s), $15,000 p .m „ gold.......... c1 118 1887
do
do
1,000
5,129,000
1T
S.
1st mortgage, eollat. trust, ($7,000,000), gold.e*
1888
5 S ’ M.
do
do
4 g. j . & j.
Unified mortgage for $75,000,000, gold— c*&r 1,079 1890 l.OOO&c 11,632,000
do
do
1,000
(Pensacola & Attain 1st mortgage, assumed........ 160 1881
1,970,000
F.
6
A.
do
do
1,000
(Kentucky Central—Coving. & L exin g.m o rt, ext.
80 1855
219,000
5
J.
D.
do
do
Maysville & Lexington UtR. mortgage..............
1,000
49 1876
400,000
7
j . & J.
do
do
1,000
N ew mortgage ($7t000,000) gold............. . ...o*
220 1887
6,523,000
4 S ’ J. < j .
fc
do
do
s
.
s
.
O rganization .—Tills company is a consolidation made in 1889 of t i e
'Louisville Evansville & St. Louis and several other companies. It
belongs to the " Mackey ” system.
C a p it a i , Stock .—Common stock issued, $3,790,747; preferred,
$1,295,262, 5 per cent, non-cumulatiye; par, $100. In March, 1893, ar
ranged to retire preferred stock—see below—and raised outstanding
common stock t«.present figure by paying with common stock prewkmsly in treasury a 7 per cent dividend on common. T. 56, c. 289,
-413.)
B onds .—Abstract o f consolidated mortgage in V. 49, p. 208. The
(second mortgage bonds bore 5 per cent interest in 1892 and 6 there
after, and carry voting power, ten votes for each bond.
In March, 1893, stockholders voted to execute a general mortgage
-Tor $15,000,000 of 50-year 4 per cent gold bonds. Of these bonds
:.$8,000,000 are to be deposited with trustee for retirement of prior
bonds at maturity, $3,550,000 to be reserved for terminals, equipment,
coal branches, etc., and the remainder to be used at once as follow s:
T o retire preferred stock, $1,300,000; to be taken by preferred stock
holders at 80, $650,000; to retire floating debt, $1,500,000. The in
crease in fixed charges w ill be $138,000, but this is partly offset by re
duction o f $60,000 in interest on floating debt. See V. 56, p. 289, 413.
E arnings .—From July 1 to Dec. 31,1892 (6 months) gross earnings
■were $945,334; net, $379,831; interest on bonds, $226,325; taxes,
(rentals, interest on floating debt, etc., $84,512; balance, surplus,
:$68,993.
A n n u al R epo i t .—Fiscal year ends June 30. 1890-91 report was in
'V. 53, p.878. S et earnings for 1891-92 were not published since for
ffikree months traffic was interrupted owing to the destruction o f the
Fatton tunnel by Are, while for six weeks floods interfered with trans
f e r business at East St. Louis.
Tears—
G ro s s e a r n s ,
N e t.
I n t e r e s t. Re n ta ls,< £c. B a l. S v . r p
.7891-92___$1,411,552
5.890-91.... 1,484,574
$484,920
$432,800
$44,808
$7,312
7.889-90___ 1,169,412
416,318
329,618
17,724
103,611
( V , 51, p. 679; V. 53, p. 474, 87 8. 968; V. 56, p. 289, 413.
L o u i s v i l l e & N a s h v ille . — (See M a p .)— L in e of R o ad .—Main line
— Cincinnati, O., to N ew Orleans, La., 921 miles; St. Louis to Junction
near Nashville, 308; Memphis to Memphis Junction, 259 (to Cincinnati,
-487); branches (incl. Ken. Cent. E E .) 1,089; total mileage June 30,
11892, 2,577 miles.
The above mileage (2,577 miles) is owned absolutely orthrough stock.
Jin addition leases the Nashville & Decatur RR. (Nashville to Decatur,
113 miles with other lines, 24 miles) 142 miles, and runs its trains over
ii" Birmingham Mineral RR., 22 miles. Also operates the South &
-North Alabama RR. (Decatur to Montgomery, 183 miles, and branch 6
m iles), for account of that Co., making total L. & N. system 2,931 miles.
Also operates under lease for account of various companies 87 miles.
•Controls by ownership of a majority of stock, the Nashville Chatta
n ooga at St. L. RR., 810 miles; the Nashville Florence & Sheffield RR.,
I.Co m iles; and Henderson Bridge and connecting track, 10 miles—
TbcaL 924 miles; also, as join t lessees with the Central o f Georgia is
Interested in the Georgia RR. and its auxiliaries, 721 miles Owns the
•3*eilian Branch (leased to Chesapeake Ohio & Southwestern), 46 miles
rend-tee Clarksville & Princeton branch, leased to Ohio Valley RR., 21
tomes. Grand total of roads owned leased and controlled by ownership
<M stack June 30,1892, was 4,731 miles.
1
(Org a n iz at io n , L eases , < c .—The Louisville &. Nashville was ohar&
riered March 2,1850, and opened between Louisville and Nashville
.November. 1859. The system has been increased to its present size bv
■leasing and absorbing other raads, and by building extensions. The
•liabilities for interest on the auxiliary roads are treated mostly as beL.ongvng directly to the Louisville & Nashville Co. A list of the secu
rities owned and in the sinking fund was in V. 55, p. 596:
A line connecting with the Clinch Valley Division of Norfolk & West•sro was completed in June,1891. The Alabama Mineral RR., 129 miles
-was taken into the system January 1, 1891. SeeV. 51, p. 460. In
.December, 1890, the stock of the Kentucky Central was acquired, eonassumed February 1,1891. See V. 51, p. 876 and V. 52, p
■939. For Henderson Bridge see Miscellaneous Companies.
■C p it a l Stock .— In 1889-90 the stock was increased $13,000,000
a
c m Dir. purpose of retiring the 6 per cent eoEateral trust bonds of 1882
fftas reduced the annual interest charge by $600,000, and the sinking
S-'urrn charge by $100,000, in all $700,(fOO.
s
• . - “ .& 5 & 1 ??1’ l t w ¥ ! v °tfid to increase the stock from $48,000,000 to
HSo..-,000,000 tor purchase oi Kentucky Central RR., Ac. Of tl!e new
0 Anlke* , b5i stockholders of July 21 at 70, leaving
■
July 1,1892, $2,200,000 yet to be issued.
D iv id e n d s since 1880.—Tn 1880, 8, and 100 per cent in stock- In
£881,6; in 1882 3; In 1888 and 1889, 5 in stockf in 1 8 9 o !V o f which
4 b°iSo8t?,c? : 1111SS1, 5 11 easl1’ 1893> February, 2 % cash; August, 2;
1
n 1893, February, 2 per cent.
P ric e of Sto c k . - I u 1884, 22%®51%; in 1885, 22®51%; in 1886
S3-fi®69; m 188/, 541b®701
4; in 1888, 50-%®64l4; in 1889, 56%
® S 7 D ,m 1890, 6512®92V; to 1891, 65TS®83%; in 1892, 64%@84Lj;
::n l8 9 3 , to March 17, inclusive, 713sS77'-<s.
BirnDS.—The 10-40 affinstment mortgage of 1884 (trustee, Central
vrukfc 09.) besides 783 miles of road covers $28,162,700 of stocks and
’•winds. See V. 39, p. 409, and V. 51, p. 463.
Oct. 1, 1926
Get. 1, 1936
Oct, 1, 1927
June 1, 1895
1900-1902
July 1, 1939
1943
Feb. 3, 1893
Oct. 15,1893
Apr. 1, 1898
June 1, 1901
Aug. 1, 1902
McK. 1, 1907
Dec. 1, 1919
June 1, 1930
Nov. 1, 1924
Jau. 1, 1897
O ct 1, 1907
Apr, 1, 1910
Mcli. 1, 1920
Jan. 1, 1930
Jan. 1, 1930
Mch, 1, 1921
Moh. 1, 1980
Nov. 1, 1931
May 1, 1937
Nov, 1, 1931
July 1, 1940
Aue:. 1. 1911
Jan. 1. 1906
July 1, 1987
The Evansville Henderson & Nashville bonds are drawn at 110 by lot
annually to October, for payment Dec. 1; $30,000 a year till 1895, then
Increasing each five years until $150,000 per year is finally reached.
The Pensacola Division bonds are subject to a drawing stoking fund
$5,000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds of 1880 are subject to a drawing sinking
fund o f 11-10 per cent o f all bonds issued, plus the interest that would
have accrued on all the bonds so drawn—about $190,178 to all in
1890-91.
In June, 1890, the “ unified ” m ortgage (trustee, Central Trust Com
pany) for $75,000,000 was authorized, $41,917,660 bonds being re
served to retire all prior liens (none o f the prior liens can be extended),
the balance for improvements, extensions (at the rate o f $32,000 per
mile, including equipment), and for other purposes. The mortgage cov
ers (besides 1,080 miles o f road and its equipment) $16,209,700 stock
of companies controlled, which is subject only to the 10-40 adjustment
mortgage, and $6,498,400 stock and $1,100,000 bonds free from any
lien. See abstract of mortgage to V. 51, p. 613.
Besides the bonds to the table the Louisville & Nashville Is responsi
ble for $2,100,000 bonds and dividends on $2,265,582stock of Nashville
& Decatur (which see); for $9,864,350 bonds South & North Alabama
(see that company) for $286,000 bonds o f Louisville Transfer Co., and
for $2,096,000 Nashville Florence & Sheffield bonds-see that company.
As to Kentucky Central mortgage (Metropolitan Trust Co. o f N ew
York, trustee), see abstract V. 4o, p. 372.
The Pensacola & Atlantic was purchased at foreclosure sale in 1891,
and its outstanding first mortgage bonds for $2,000,000 were as
sumed, L. & N. owning $1,000,000 firsts additional to this $2,000,000.
G e n e r a l F in an c es , &o.—T he Louisville & Nashville system has
been developed in its present extensive form since 1879; the 100 per
cent stock dividend was declared to 1880 and a few dividends after
wards to cash, but from 1882 to 1888 nothing was paid. From Febru
ary, 1888, to 1890 stock dividends w ere paid to represent surplus earn
ings. The August, 1890, dividend was paid partly in cash, and all since
that date in cash. The August, 1892, dividend, however, was reduced
to 2 per cent, and the February, 1893, dividend was at same rate.
In year 1891-92 company increased its bonded debt $8,675,000 net,
of which $7,142,000 was through purchase o f Kentucky Central,
248 miles, $847,000 unified 4s fo r new Chattanooga stock, $255,000
for sinking funds and $847,000 for improvements. Bonds canceled
were $271,000. Bills payable were $174,996 on July 1,1892, against
$3,294,574 on July 1,1891.
In December, 1892. company reported $11,632,000 unified 4s out
standing, against $10,571,000 July 1,1892. Stock Exchange March,
1893, reported $10,998,000.
L atest E arning s .—F rom July 1,1892, to Jan. 31,1893 (7 months),
gross earnings were $13,542,598, against $12,642,757 in 1891-92 ; net,
$5,198,943 against $4,460,618.
For the half-year ending Dec. 31 results w ere as follows. See V. 56,
p. 57, 83, 246.
■ Tidy 1 to Dec. 31—
1891.
1892
$11,061,172
$11,684,929
Gross earnings.................................
Net, inel. income from investments.
4,261,230
4,714,439
Interest and rentals........................
$2,428,566
$2,445,597
Taxes................................................
250,000
275,000
Loss on other r o a d s ........................
78,357
48,301
Dividends........................................ (21a) 1,320,000
(2) 1,056,000
Balanee after dividend................
$184,307
$889,541
A n n u a l R eport .—Fiscal year ends June 30. Annual meeting is held
m Louisville the first Wednesday to October. Report for 1891-92 was
given in fu ll in V. 55, p, 588, 591. See also editorial p. 570.
1888-89.
1889-90,
1890-91.
189192.
Average m ileage___
2,161
2,198
2,250
2,861
Gross earnings........$16,599,396 $18,846,004 $19,230,729 $21,235,721
Op. exp. (excl'. ta x ). 10,326,085 11,419,092 12,058,444 13,792,122
Net earnings............ $6,273,311 $7,426,912 $7,162,284 $7,443,599
P .ct.o fex p .to ea r’i’gs
62-21
60-59
62-74
64-95
Net, inch invs’ts....... $6,950,420 $8,065,598 $7,880160, $7,976,892
Taxes paid................
401,112
397.721
410,810
513,185
Interest and r e n t.... 4,605,493 4,524,694
4,207,629
4,860,873
Georgia RR. deficit..
23,376
90,339
H
124,695
Loss on other roads..
199,425
186,203
205,494
128,001
Dividends.................. t l , 594,800 12,405,367 112,400,000 *2,376,000
Total disbursements.. $6,824,206 $7,604,324 $7,223,932 $3,002,759
B alance..................... sr.$126,214 sr.$461,275 sr.$656,226 def.$25,867
t Stock dividends 5 per cent.
{ 4-90 per cent stuck and 1-10 cash,
* 2% January, 1892, and 2 per cent July, 1892, | 2% to January, 1891,
]
and 2 Jg July, 1891. f In 1890-91 there was a profit on the Georgia
Railroad o f $62,530.
—(V. 52, p. 81, 279, 427, 497, 498, 863, 899; V. 53, p. 21, 58,126, 256,
370, 498, 511, 5 2 1 , 520; V. 54, p. 78, 525, 643, 683, V 55. i> 39, 55,
.
5 70 , 5 8 8 , 590. 5 9 1 , 679, 723; V. 56, p. 57, 83, 165, 217, 246.
KAILROAD
a liS C B , 1863. j
STOCKS A N D
BONDS,
79
v u b w r i b e r * w i l l c o n f e r a a r e a l f a v o r by g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le * .
Botuls—P rin ci
1ST 1 REST OE DIVIDENDS.
5
R AILR O AD S.
Miles Date Sire, or
pal, When Due.
of
For explanation of column headings, Ac., see notes of
of
Par
, ,,T,??i’1
'?iit„„'B a te per When Where Payable and by ' St'oeJcs—Last
Road Bonds Value c ui..«nu ui0 cent. Payable
on ttrot page of table*.
Bond Bonds Value,
Whom.
Dividend.
$100 .
1,000
l i t M. X*>u.tDiv.- Xew Albany to Mich. C ity...c
288 1880
158 18.81
1,000
lst.M,, (M e. A Iiid’polisDiv.,CUw. to lnd.,gcdd-c
512 1880
1,000
Consolidated mortgage dor $10,000,000) gold.e
512 1890
1.000
General mortgage, #25,000 ji. at., gold..............c
UAL*
Louirvilie Sew Orleans * Texas—See I ll in o is C ent
. }
|
100
Louisville SL Louis t Texas—Stock..........................
....
1.000
13S7
1st mortgage, g o ld ...........................................v
1992
1.000
1st consol, mart.. $3,000,000, go ld ..................-C
100
LouuwUle Southern—S to ck ................................
12(5 1890 500 Ac.
1st M. $3,000,000, gold, guar...................-....... c*
21
20
Lakrns Valleu— t’tt, Hip.e.reatal, 090 jnt». Xor.Cent.
S
100
LyaeMnan < Diirhnm—Slock, $2.000,000.............
#
1,000
1st M. for $3,000,1 HW, $30,000 tier mile, gold. .< * 115 1890
5
97 1890
1,000
Macon <t Binmeu/ham—U t M.R>r$20,C00 p.ro.,gold
Macon <t S'arlhern—lm mort. gold, guar.p«.Si . <
•* 107 1891
1,000
100
Maine Central—Stock..........................................
72 1865 100 Ac..
Port. & Rennetwc con. M., Port, to Aug. A breb
Me. C. loan tor $1,100,000, Dane. Jr. to Bangor.e 109 1868 100 Ac.
19 1970 500 Ac.
Externum 1st M., gold, Cumber!, June, to Dan..e
30 1871 100 Ac.
Let*as * P a m . RR. 1st .M Leeds to ParrniDsrton.c
L,
100
U e.C . 1st M „ eon*.. A. B. C. D. (# *«»,5 0 0 •>*).
(304 1872 100 Ac.
1972
Ac.
Do
do
cici
_____
41 1683
1,000
Collateral tru*t bond* for Mt. Desert Branch
1,000
1885
Sinking fit. lo-aos.gold. red. on or aft. Feb. s.
188(5-7
Improvement bonds,“ A ” a n d -It." gold, not mort.
56 18(59 500 Ac.
1 European A north American (Bangor loantc.,
56 1892
1,000
> Me. Cent. Kit. A S o t. Am. refunding loan, gold
100
111
■European & X. Am. stock, S p. o. rental 999 year.
100
Portland A Ogdens, stock (2 p. c. rental,999 year*) 109 i *...
■ 62 1970 500 AC.
1st mortgage, gold, Interest guar .......... .
1,000
; 107 1888
COOcot. M. $29,000 p. m. uftiar. by end.) ..
3,000.000
2.300.000
1.700.000
2.800.000
0
J. & J .X . Y., Chase Nat. Bank
6 g.
P. A A,
do
do
6 g.
A. A O.
do
do
5 g.
M. A S .
do
do
July
Aug.
Apr.
May
1,
1,
1,
1.
1910
1911
1916
194C
"3,000,000
2 .5 0 0 .0 0 0
6 g. F. A A. N, Y., Office 12 Wall St,. Feb. 1, 1917
1.013.000
5 g. M. & S.
do
do
! Sept. 1, 1942
3.300.000
•1,310,000
5 k . J. A J. N, Y , Chase Nat. Bank. July 1, 1940
’
600.000 10 p. .Ul. Q.—J. X. Y „ Office, 13 Win. St. Apr. 1, 1893
1,870,500
2.012.000
Mercantile Tr.Oo. Jan, 1, 1940
| g- J. A J. X.
1.940.000
1910
5 «• M. A X.
2.200.000
4% g. M. A S. Sept.'9’J, coup, last paid. Mar. 1, 1990
Borland, Me., Office.
4.989.000 See text.
Jan. 1, 1893
6
1.168.700
a . a o. Bust., X.Kev. Bk., Port, Apr. 1. 1895
do
do
J. A
750,800
July l , 1898
7
490,500
do
do
O c t 1, 1900
6 g. A. A
6 3 3 .0 0 0
J. A
do
do
July 1, 1896
0
1.170.700
do
do
5 A 7 A. A
Apr. 1, 1912
do
do
Apr. 1, 1912
1.496.000
4>
4 A. A
5
687.000
J. A
Bust,, Am .L.ATr.; Port. Juno 1. 1923
Portland Tr. Co., Port. Fob. 1, 1905
600.000
F. A
6 S450.000
•f-f g. J. A J. Bust.. X .R ev. Bk.; Port.; July, '16 A ’ l?
8
J. A J. Boston, March. Nat. Bk. Jan. 1, 1891
905.000
A J. Boston and Portlam t ; Jan. 1, 1932
35,000
4 g.
2.188.700 6 iHiran, A. & 0. Bangor. Treas. OtHoe. Apr. 15,1893
1,381.883 2 per an. Q.—F. Portland. Me. Cent. Of. Feb. 31,1893
0 K. J. A J. Bust.. X. Rev.Bk.A Port. July 1, 1900
800.000
1.319.000
5
M. A X. Bos., X. Kev. Bk. A Bos. Xov. 1, 1908
l
L o u i s v i l l e N e w A lb a n y A C h ic a g o .—T8re M ap)—Owns from I are to to- equally di vided between the lessor and the lessee. See V. 51, p.
e
New Albany, Did. (opposite Louisville, Ky.», to Michigan City, lud.,2s9 j 51 , 612. Stock. *3.500,000; par, *460. See sUleuleivt to New York
Stock Exchange, CilBONlct.K. V. 49. p. 146; also abstract, o f mortgage
and lea.*.-. V. to, p, 312 and 343. The EastTcua. was placed in receiv
Ssrltf City. 43
er-' hand* in June, 1892, hut U S. coupon* due July, 1892, and Janu
Orleans, tnd., to French Ltck Spring*, 18 mile*; total owned. 510 miles. ary, 1993, were paid si* usual. See V. 55. t> 21, and East Tennessee.
.
Operates under eoutr. ct—Chicago to State line. 2i< mile*; New Albany
In . ir eliding Juno 90, 1892, grow* earnings were $632,732; net,
to Louisville, 5 m ile*; fa Indianapolis. to d«pe|, 2 mlice; total operated. *203,437; Interest ou bond*, #217,000; balanoe deficit, $13,863. (V.
537 mile*. A lease fur *.«;>:» year* with Chicago A Western tsinana. mi 51, p. 51, 276. 303. 457. 612; V. 52. p. 81; V. 55, p. 462.)
whose stock this company owns $1,000.090) at #127,000 per year
L ) k e n s V a lle y . —Owns from MlUerdiorg. Pa., to IVilltamatown, Pa.,
give* entrance to Chicago.
20 miles; branch. 1 m ile; total operated, 21 miles. I t is a ooal road,
OKlAXtAATtoa —The Lmtisvllie
Albany & Chleagb* » » opened in !ea*e.l and operated by the Northern Centnit Railroad since July, 1680
1352 and sold in fi>wein«ire Dev. 27,1872, and reorganirod. In A u gu s t; and previou-ly by Co* Summit Branch Railroad. The lease t« for 999
1381. consolidated with fliir . A Ind. Air'Mae. Tin Bedford A ISIwVuttthM ) years from March 1.1866, and the rental is $62,500 per annum.
BR. and I t e Orleans West Baden A Preach Dick Spring* Ky. have no f Front .Jan. 1 to Jan. 31,1893 (1 month), gross earnings from coal
debt. «0 d their capital »toek e l $230,000 1» dej*».ited as security lo r! ami mining operation* were $82,080. against $71,136 ir 1802; net,
the Louisville X «w Albany A Chicago cwus»ti«t«!fd .mortgage, m is abm .
' ■ .... i " is o - g r".*. * i . i H h i , n e t . $3ii,Dll, ugat.
'
the $1,000,000 o f Chicago A Went Indiana Railroad stock, and certain deficit o f *11.282.
stock of the Beit Railway o f Uhieugo..
I q n i - h b i i r g A D n r lia m . —Oompletod In 1890 (rom Lyuehburg
C ariTat STW K.—In 1801 stoek tor $3,200,000 w m sold tor rolling
•stock and improvement*, .ujil.m July 30,1*9 . S2,10f>,uOf) morr was . V'a., to Durham, X. C,, 1U mile*; mort» trustee. Mercantile Trust Co.
• I.irti. oitt-latidiog. *1.*76,.700 1par, $100).
offered to stocktoldcei a t 25, for terminal faciUtlc-. it; Chicago, ,-tr. V. 1
55. p. 100. 236. Stockholder* vote April 12, 18 *1, on proposition i* .»-*•! for one year from March 1. 1892, to Norfolk A West,, which haa
to classify the $12,900,000 o f stock now outstanding Into $9,000,00(1 j thi* optma to continue the lease i«'rmam»ntly at a minimum rental of
•o f common and $3,000(000 o f preferred. the latter to draw dividend* j $10*1.000 per annum, or to purchase $1,163,000 o f It* stock and all ita
quarterly from July 1, 1893. - .T rate o f 4 per cent per nanum. To pro- j Isold- for #1.433,836, Under the temporary Arrangement the lessee
>
vide tor future capital krtpiirayhento It is nropcwod to authorise the l agree* to operate the road and to turn o yer to this company 35 per cent
issue from tim e to time o f aa additional *4.000.000 of prsterred. 8e« of the grow earning-, front which taxes arc to lie deducted. Sea V. 54,
V, 36, p. 113. Thu new preferred wUl t«! entitled to 0 » « r eenldlvi- p. tori. Pkcaldent. tv. C. lion-Um, PhUadelphla. In year 1891 gross
earning* were $160,132. .V. 51. p, 84; V. 54, | . 159.)
>
dends, sou cumulative, the tajiumon to receive ail rcmalmug preto..*.
Bo si'*.- Eli April:, 1891, a syndicate- eoiujiosed Of Galvin 8. Brice.
U n r o ll A- B ir m i n g h a m , —Own* Macon Junction to La Orange,
Samuel Thoura*. John Grei-tmugh, and other*, advanced $1,960,000 to >(;•-. 07 mile*. Messrs, frill, bluiw.k OSier of Baltimore arc 11 bondtake up Use floating debt. etc., receiving to return $2,800,000 g.merul Jndderv committee Foreclosure proceedings were instituted In April,
mortgage bowls, and $1,400.000 » l new stock. The getjeral smtrtjraae i 802, by the mortgage trustee- Receiver * cerOaoatas for #30,000 u v «
o f 18901s for *25JKkl per mile, o f road and $ 1sl.OOci,0sxi bund* are Xn-nn awtiiorted. In year ending June 30, 1893, ktohs earnings, $79,■reserved to retire the 1st* a* they mature. Trustee i 'entrai Trust Co.
621; deilett under operating expenses, #088. (V.51, p. 633.)
Dvtkst EARSlvos.—Jnly 1 to Dec, 31, 1892
(6
month*), grogs, *1,.
801,toil, against $ '.« «8 b W « in 1*91: net, $372,050. against $473,097;
snrploa over ail charge*. $117,871.
A-NNt.'Ai. Rrviikc .—Ptseal year changed to end June 30. Report for
1891 9 2 In 3". 55, 119, Earning* have been a* follows tor the cAleti* l* r year*. 18$#, 1890 and tbe-new tt*«ai year ending June 30, 1892i
i«8 «
18PO,
1801-92.
Ore** earnings...................... #2,403.823
#2.030,132
$3,067.10$
Net rarniUK*.........................
$01,533
017.176
052,1 to*
Dividend* received ...............................
25.000
A5.000
Total net incom e.........
Interest on bonds, etc..........
Rentals..................................
#801,533
621,303
138.832
$912,176
651,781
155.207
$997,100
708,2 43
103,001
Balance, surplus ............ $101,399
$133,068
#03,910
Hamnc! Tnoma*. President, Sew York.—fV. 53, p. 520, 560, 673,713
830; V ,54, p. 203. 405; V 55, p. 100,256, 410,514. V. 3 «,p . 20*4.413.J
L o u i s v i l l e Nevv O r le a n s A T e x a s , —See iLLtkOW Gk n t r a I..
L o u i s v i l l e $ 1, L o u is A T e x a s . —t See Map.)—Louisville to Hen■derwm Ky., 1 42 miles, o f which It owns Henderson to West Point, 121
•glie* (completed April. 19891, and uses by contract with Chesapeake *
-Ohio Sooth western West Point to M n f l b , K y „ 30 miles; own* also
from Irvlmttou to Fordsvllle, Ky.. 14 iOlies, and branch 1 m ile; total
operated, 166 mittts. Extension o f 15 m ile* to a connection with the
i.oHiAvliie A Nashville, 5 toil'., from DottfevUle, is under ctm urni tien.
Close traffie c-Aintrnct with the L. A X. proposed. See V. 55, p. 256, 373.
Boxn*.—In August, 1892, was executed a consolidated mortgage
for $ .,fk*j,'MKi. o f which #2,8O0,Ot>0 Is reserved to retire the first mort
gage 6s at maturity. The consols cover entire, property and have first
Ben cu l t tuilti* from Irvington to Ford*vi!h\ Ky The weened mort
gage, the Louisville HardlnsTmrg A Western first mortgage and #33,000
car trusts have been canceled. See V. SS. p. 373. Feb. 0,1893. there
were outstanding $204.OiX) car trust hole* a;:d certificate*. Mortgage
trustee. Central Trust Co.
L atkst E.AiutiNns.-Jttly 1.1802, to Jan. 3 1 .18C3 (7 months), grow
#386,882, »*a iii*t $850,0**6 in 189i 92; net, *162,077, agaiiKl $1.72.201.
Interest charge for year ending June 30. 1893, about #816.000.
AWHUI. R epo bt .- Fiscal year ends June 30. Report for 1891-92 in
Xh?sJ * ' 1077, ftobWsd gross earnings #606,787, against #429,115 lu
1800-91; net. *220,770.
W. V. McCracken A Co.. 41 Wall Street, Saw York. Financial Agent*.
- ( I 53. y. 126, 407. V. , 5, p. 256,373. 723. 1 077; V, 56, p. 331,332.)
7
L o u i s v i l l e S o u th e r n ,—Owns from Louisville, Ky.. southwesterly
to Burgle, mi Cincinnati Bodthern Railroad, 93 miles, with branches to
lo rio g to n and Oeorgetow-n, 17 luiles; total. 130 miles. Lease to Igmisv ffle New Albany AChlcsgo was terminated in March, 1890, (See. V.
50, p, .83*,) In July, 1800, leased for 99 years to the East Temuwwee
Virginia A Omorria. which guarantee* principal and interest o f the, new
- 60-year >per cent >>o:r!*. A il net earning* after payment of fixed charge*
I f it c o n D u b lin A S a v a n n a h ,—Own* road noraplotod from
Mm ■on to Dobltn. 51 m iles; projected to 8avautmh. 99 mtleaadillttonal.
Built by tho Illinol* * Georgia Improvement Company o f Chicago. In
year ending June 30,1892, gross earnings wore $ 16,506; net, $13,689.
D, M- Uugliee, Vice President, Macon, U *
t ls e n n A N o r t h e r n . —Own* from Macon. Oa.. to Athm *. Ga., 105
mile*. Sueeeiwor to the Covington A Macon, which defaulted Sept. I,
181*0, and wa* odd In foreoliwutv May 21, 18:11. In 1.891 leased for 99
year*, renewabln forever, to tin- Richmond A Danville aud the Central
o f Georgia, th« lessees Jointly guaranteeing Interest and principal o f
the bonds. TM* guaranty is on each o f the bond*. See V. 52, n. 321.
V. 53, p, 223. The lessees having gone Into receiver's hands, the 5f, A X.
was also placed in the hand* o f a receiver, hut in September, 1892, the
U. 8. Circuit Court placed It under control o f Central o f Georgia. (V.
53. p. 421). Interest tine Match 1. 1893, w,«* not paid A oomnifttec was
appointed in August to represent btmdholdere. V. 55, p, 210. Tho
reorganization plan of the Cent, o f Ga. does not provide for th e *;
Itouds—see Cent, of Ga.
From Aug. 1. 1391, to May 10,1892 19% months),gross earnings were
$106,500; deficit uud r opcraGag expeniMss, $1,240.
In m oogru s* earning* wore f 150.730: net over expenses and taxes,
$21,71.7. (V. 53, (I. 223, 713; V. .7.7, p. 177, 210,112; V. 50, p. 403.)
M a in e Ci i i i r a l . —Line of road, Portland to Vanoeboro, Me., via
Augusta, 2.71 mile*; branctoM. Cumberland Junetion to Skowhegau,
91 mites; Bath to Lewiston and Farmington, 70 miles; branches—
B elfast. Dexter. Bnekaport and Mt, Desert Perry, 132 miles; Portland A
Ogdensburg Railroad, Portland, Me., to Lunentxsrg, 109 miles; smail
branches, 6 mile*. Upper f '00s and Hereford railways, Lunenberg, S ’. H.,
t< Lime Ridge, Quebec, 109 miles; Bath to Rockland (Includingsteam,
>
ferry,7 miles) 18 miles; total, 822 m iles,of which 315 miles are owned,
*29 mile* are operated under 090 year leases, and are practically
owned; 33 tulles are operated under 50 year leases, aud 15 miles are
ferry Hues.
OitOAittkATioy,—A oousolidation In 1882 o f the Androscoggin V Keunobec and the Penobscot A Kennebec railroad*, into which have siuoo
boon merged the Portland & Ketutehee, Somerset Kennebec A Leeds
and Is?e<l» A Farmington RR. Co. Mr. McLeod, President o f PUllalelphla A Reading, became a director in December, 1892.
STOCK.—O f the stock #2,284,100 was owned on Oct. 1. 1802, byBoston A Maine. In January, 1893, #500,000 new stock was offered at
par to stockholders o f Fob. 10, proceeds for double-tracking, etc
This
stock wilt be delivered April 15 and make* total $1,989,000, aa In
table. See V. 56, p. 164.
D m tm jtM .—In 1882, 2 per cent.; in 1883. 8**: from 1884 to August,
1892, both inclusive, :it the rate o f 6 per cent yearly, payable semi
annually. In Sept.. 1892, dividend* changed to quarterly, aud l<a per
cent declared payable Oct. I ; in 1893, January, 1*2 per cent.
Bovns. CHtak \n t y - - Tiic Enroiicaii * North Americati Bangor loan,
due Jaw, 1, 1891. will bo refunded into the Maine Central gold 1 per
cents, issued under mortgage made jointly with tlieK . A S . A. Consols
of 1972 are held in trust, to retire ail underlying bonds at maturity.
INVESTORS’ SUPPLEMENT.
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LOUISVILLE, ST. LOUIS
TEXAS RAILWAY
A N D C O N N K C T IO X 8,
8*2
INVESTORS’ SUPPLEMENT
[You LVI,
N u b ftcrlb om w i l l c o n f e r n g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
Bonds—
Prtnci
IN TE RE ST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Rate per Wli en Where Payable, and by Stoclcs—Last
Par
of
of
For explanation of column headings, &o., see notes
Outstanding Cent.
Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
Maine Central—(Concluded./—
Dexter A Piscataquis stock 5 p.c. rental 999years.
1st M., Dexter to D ovei, etc., guar, by end......
Hereford R’y stock (4 p. o. rental for 999 years)..
1st mortgage, guar. p. A 1 (endorsed)...............
.
Upper Coos RR. stock, 6 p. e. rental 999 years.
Extension M., $21,000 p. m., guar. p. A i.(cnd.)
Knox A Lincoln stock, guar., 5 p. c., 999 years.
1st M. Penobscot Shore Line RR. Co., assumed.
K. A I,. 2d mortgage (for $400,000) assumed...
Dexter A Newport, stock, rental 999 years........
Eastern Maine, stock,
p. ct., rental 999 years
Munches. <f Laic.—Stock, 10 p.e.ren’l till 1937,B.AM.
Manhattan Elevated.—Consolidated stock..............
Metropol. El. 1st mort., $600,000 p. m., gold..c2d mortgage (guaranteed by Manhattan)...... c*
N.Y. El. 1st M.ipayable at 105 aft. 1895)$A£. cai
N. Y. El. deb., secured by consol, mort. of 1890..
Manhattan Elevated consolidated mort., gold..cA
1st mortgage, gold.............................................. e
Co u. lst.M.,g.,!i4,500,000,s.f.$15,000 after 1897 c '
Marguettc Houghton d: Onion,—Bee D ui.uth South
Mason City <•Fort Dodge— lstm.$15,000 p. mile, g.
£
1st and 2d mortgages, extended..........................
2d mortgage, extended.......................................c
Consol., gold ($1,400,000 1st on 93 m. in Teim.)c*
General mortgage, gold.................................. c«frr
17
17
53
53
22
22
33
48
48
48
14
18
26
32
18
18
14
32
32
34
34
1889
1890
1890
1890
1890
1891
1878
1879
1876
1886
1890
1886
$100
1,000
100
1,000
100
1,000
1,000
100
1,000
1,000
100
100
100
100
£ A $
1,000
1,000
1,000
1,000
100
1,000
1,000
1881
224 1887
i;ooo
Shor E A A TLANTIC
92 1886
*2
*5
94
1,000
1854
1867
1,000
292 1876
1,000
292 1884
1,000
$ 110,000
175,000
800,000
800,000
350,000
350,000
547,000
200,000
1,300,000
80,000
122,000
200,000
1,000,000
30,000,000
10,818,000
4,000,000
8,500,000
1,000,000
12,080,000
600,000
540,000
1,560,000
383,000
3,821,000
5 per an. J. & J.
Dover, Me., Office.
4
J.
J. Bost N. Rev. Bk., Port.
fc
4 per an. M. < N. Portland, Me. Cent. Of.
4
M. < N. Boston, Mass. Nat. Bk.
fc
6 per an. M. A N. Portland, Me., Office.
M. & N. Bost., N. Rev.Bk.; Port.
4
4Lj M. & N. Portland, Mo., Office.
5 per an. r . & A. PortTd,Me.,Me.Cent.Of.
4
F. & A. Boston, Nat. Revere Bk.
5
F. & A.
do
do
fc
See text. M. < S
Dexter, Me., Office.
4Lj p. an. M. & N. Rockland, Me., Office.
10 p. an. M.
N. Manchester and Boston.
6 per an. Q-— J.
N. Y., 71 Broadway.
J. & J. N. Y., Mercantile Tr. Co.
§ «
M. «fc N.
6
do
do
7
* J. A J.
do
do
M. & 8.
5
do
do
do
do
4 g. A. & O.
Jau.
J nly
Nov.
May
Nov.
May
May
Feb.
Aug.
Feb.
Mar.
Nov.
Nov.
Apr.
July
Nov.
Jan.
Mch.
Apr.
15,
1,
1,
1,
1,
1,
1,
1,
1,
1,
5,
1,
2,
1,
1,
1,
1,
1,
1,
1895
192&
1^92
19.30
1892
1930
1930
18931920
1921
1893
1892
1892
1895
1908
1899
1906
1916
1990
6 g. M. & N. N. Y., Farm. L. A Tr. Co. Nov. 1, 1916
J. < J.
fc
9 g. J. &
1,380,000
5,312,725
7
J.
7
J.
7 g. J.
6 g. J.
do
6 g. J. & J.
2,155,000
105,000
2.264,000
1,000,000
do
A
&
&
<
fc
J.
J.
J.
J.
1, 1911
Jan. 1, 1937
July 1, 1926
July, 1892, last paid.
do
do
do
do
do
do
Jan.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1915
1915
1916
1924
There are also $58,000 5 per cent debenture bonds, due February,
Number of passengers carried and gross earnings have been :
1894: $42,000 Shore Lino 6 jier cents, due 1923; $25,000 Androseog- Year end.
Year end.
n RR. Co. Os, due April 1,1893; also $150,000 Belfast & Moosehead Sept. 30. Passengers. Earnings. 8ept. 30. Passengers. Earnings.
ake mortgage uonds, duo 1920, uot guaranteed, interest and sinking 188081...75,585,778$5,311,076
1886-87... 158,963,232$8,102,662
fund for winch are paid out o f the rental. Jointly with Boston A 188182...86,361,0295,973,633 1887-88...171,529,789
8,673,871
Maine guarantees $300,000 Portland Union Station bonds.
188283... 92,124,9436,386,506 1888-89... 179,497,433
9,080,881
F lo ating D ebt .—N otes payable were $378,000 Oct. 1,1892.
1883-84...
96,702,620 6,723,832 1889-90*..185,833,632
9,388,681
85... 102,354,7297,000,566
1890-91* .196,714,1999,959,710
D iv id e n d s on J.eased L ines .—I n addition to dividends on the stocks 188486...115,109,591
7,426,216 1891-92*.213,692,570 10,835,978
in the tabic above the company pays rental o f $18,000 semi annually 1885to the Belfast & Moosehead Lake under lease, which runs till May 10,
* Year ending June 30.
1921. A fte r Nov. 25, 1898, Dexter & Newport dividends w ill be 5 p. c.
A n n u a l R epo rt .—Fiscal year ends Sept. 30. Report for 1891-92 was - (V . 53, p. 224. 519, 713, 714, 968; V. 54, p. 203, 243, 846; V. 55, p.’
In V. 55, p. 976. New equipment costing $210,401 was charged to 639, 679, 806, 857,1035 ; V. 56, p. 127, 206, 289.)
operating expenses in 1891-92.
M a r ie t t a & N o r t h G e o r g ia . —Owns road completed in A u
1888-89.
1889-90.
1890-91.
1891-92.
gust, 1890, from Knoxville, Tenn., to Marietta, (la., 217 m iles:
Miles operated................
647
741
821
822
branch, 7 miles ; trackage, Western A Atlantic Railroad, Marietta, Os.,
Total gross earnings........ $3,828,162 $4,226,465 $4,324,905 $4,757,603 to Atlanta Ga., 20 m iles; total operated, 244 miles.
Net earnings...................................... $1,313,447 $1,367,798 $1,382,527$1,695,813 y , R e c e iv e r s h ip , Ac.—Completed in 1890 and consolidated
H is t o r
Other receipts...................................
18,592
43,765
39,07460,817 K noxville Southern. Interest defaulted Jan. 1, 1891, and J. B.
with
Glover appointed permanent receiver on Fell. 23. A foreclosure suit
Total net income.$1,332,039 $1,411,563 $1,421,601
$1,756,630 was instituted in April, 1892. The Atlantic Trust reorganization plan
Rentals paid................... $233,427 $284,655 $360,093 $480,887 has been declared operative. See the plan in V. 54, p. 887.
It is proposed to consolidate Marietta A North Georgia, 231 m iles;
Interest on bonds............
798,391
821,165
828,189
830,308
Dividends........................
215,616
215,616
215,628
268,485 K n oxville Belt, 4 m iles; K n ox ville Cumberland Gap A Louisville, 103
m iles; Morristown A Cumberland Gap, 40 m iles; Chattanooga South
Balance, surplus.............
$84,605
$90,127
$17,691 $176,950 ern, 96 miles—a total o f 474 miles o f constructed road. See each com
pany. Extensions to Bristol, Atlanta, Chattanooga and Birmingham
—(V. 53, p. 820, 9 2 0 ; V. 55, p. 976,1078; V.56,p. 161.)
involve the construction o f 174 miles o f road. (V. 55, p. 995.)
M a n c h e s t e r A L a w r e n c e . —Owns from Manchester, N. H., to
On l ig a t io n s .—In addition to bonds in table above the company on
Metlmen (State Line), 22M miles; leases Methuen Branch, 33* miles; Juno 1,1892, had the follow ing obligations: Receiver’s certificates for
total operated, 26 miles. Road in operation since 184!).
rolling stock, $246,000; Mar. A Nor. Ga. old 2ds, $6,000; accrued in
Leased for 50 years from September 1, 1887, to Boston A Maine at a terest on first and second mortgages to July 1, 1802, about $50,000;
rental paying 10 per cent, dividends, at which rate dividends had been do. on consolidated mortgage, $554,630; contractors' claims in litiga
paid for many years. Suit lias been instituted to recover $1,000,000. tion, $350,000; cash outlay needed to complete improvements deemed
said to bo due from Concord Railroad. See referee's report Jan., 1893, essential, $950,000. Receiver's certificates for $1,000,000 were au
In V. 56, p. 82, under item as to Boston A Maine.
thorized for putting road in good condition. Stock (including K nox
M a n h a tt a n E le v a t e d . —R o a d O p e r a t e d .— This company controls v ille Southern), $5,250,000.
E a r n in g s .—From A p ril 1, 1892, to Aug. 31 (5 months), gross earn
and operates all the elevated railroads in New York City. The main
track in its system aggregates 32 miles, besides which it owns and ings $87,449. (V. 54, p. 203, 887, 924; V. 55, p. 857, 995.)
operates the Suburban Rapid Transit RR., 3% miles.
M a r q n e t t e | H o u g h t o n & O n t o n a g o n . —See D u l u t h S. S. A AT.
H is t o r y , E t c .—Formed Nov. 24,1875, to lease and operate the two
elevated railroads in New York City. The original lease of May 20,
M a s o n C it y < F o r t D o d g e . —Owns road from .Mason City, la.
fc
1879, guaranteed 10 per cent per annum on the stocks. In June, 1884 to Lehigh, la., 88 miles, and branch, 4 miles. Stock authorized, $5,all liabilities were assumed and new stock was Issued by the Manhat- 000,000; outstanding, $920,000; par, $100. Interest due and accrued
tan Company, viz.: For Manhattan, 85 per cent in new stock; for New July 1,1801, $414,000; bills payable, $30,972. In year ending JuneNew York. 120 per ceut; for Metropolitan, 110 per cent, making the 3 0 ,1891, gross earnings were $112,231; detieit under operating ex
whole stock $26,000,000. In May, 1891, $ 1.000,000 stock was issued penses and taxes, $55,844. Total deficit to June 30,1891, $347,60S.
to acquire Ihe stock of the Suburban Rapid Transit Railroad, which
M e m p h is & C h a r le s t o n .—(See Map o f East Tennessee Virgin ia dl
owned a bridge across the Harlem River, and had a road in operation
to near 171st Street, N. Y „ 2 ^ miles. See V. 52, p. 642. Concerning Georgia.)—Owns from Memphis to Stevenson, Ala., 272 miles; branches
—to Somerville, 14 miles; to Florence, 6 miles; leases Stevenson to
proposed extension of company’s lines see V. 56, p. Iv7, 128, 206.
Chattanooga, 38 miles; total operated, 330 miles. Of the consolidated
B o n d s a n d L ia u ii it ie s .—There are considerable claims pending
by the old Tonnesse State lien for
against the elevated roads ror damage to property on their lines and mortgage. $1,400,000 are securedOn May 1,1892, there wero $108,124
$1,736,006, assigned to a trustee.
many of these are before the courts. Seo C h r o n ic l e V. 56 p 289 oar trusts outstanding, maturing 1892 to 1894.
The consolidated mortgage (trustee, Central Trust Company) i i limited
The
in
on present mileage to $40,000,000, and will provide for prior bonds placed East Tennessee Virginia A Georgia RR. the September, 1885,.
a majority of the stock (which it owns) in
Central Trust Co.
when due, for floating debt, Ac. Further amounts may lie issued for for control. The right of the East Tennessee to vote this stock is con
extensions if desired at the rate of $300,000 per mile of single and tested. (See V. 50, p. 703; V. 52, p. 831.) On July 14, 1892, Henry
$600,000 per mile of double track. (See abstract o f mortgage in V 51 Fink was appointed receiver, and on July 25 C. M. McGhee jo in t re
p. 248, and application to New York Stock Exchange m V.'52, p 353
ceiver in interest of the East Tennessee. V. 55, p. 100,177. Couponsdue July 1,1892, w ere paid with interest Jan. 3,1893, hut payment o f
January, 1893, coupons was deferred. See V. 55, p. 21,1110.
E a r n in g s .— Jail. 1,1892, to Dee. 31,1892 (12 months), gross, $1,462.264, against $1,631,769 in 1891.
I’ KICE ok Sto c k .—I n 1884, 64Lj®79; in 1885,65®123i«; in 1886 10‘»
In the year endiug Juue 30, 1892, gross $1,530,019; net, $305,787.
® 175; in 1887, 921
e®1617 in 1888, 77%®983 in 1889, 90S110 • in In 1890-91 gross $1,747,461; net, $462,850; surplus above charges,.
s;
s;
1890, 92® 117; in 1891.959109; in 1892,104®156%' in i8 9 A to Mar $96,163. in 1889-90 gross $1,783,729; net, $514,730; surplus over
17, inclusive, 153© 1744*.
charges, $130,331. (V. 51, p.276, 456, 612; V. 52, p. 831; V. 53, p.
iom^SKS AL» FlN a7JSA8’ l'TC; A ' aah <livi,,eI|ds were resumed In April, 835; V. 55, p. 21, 100, 177.)
1890, after four dividends of 1hi per cent each had been paid la serin
M e r id e n W a t e r b u r v A' C o n n e c t ic u t - —Owns from Cromwell,.
L atest E arnings .—T he report to the New York State Railroad Com
Conn., via Meriden to Waterbury, Conn.,30 miles. Leased for 99 years
missioners for the six months ending Dec. 31,1892, was as follows :
from Sept. 1,1892, to N. Y. A N ew England at $22,500 per annum,,
5**
dross
Net
Ollier
Interest,
Balance.
payable in semi-annual instalments directly to trustee of mortgage
"*»*•.
earnmgs.
earnings,
income, taxes, etc.
surnlus
1892.......... $..,130,331 *2,724,062 $70,000 $1,329,207 $1 465 55 (Farmers’ Loan A TrustCo.), to lie applied to interest on bonds. Stock,
1891.......... $5,229,110 $2,599,789 $70,000 $1,205,000 $1,464,789 $500,000; par, $100. (V. 54, p. 367, 648.)
g
M e t r o p o l i t a n W e s t S id e E le v a t e d (C h i c a g o ) . —Organized to
KK,'i Wednesday -ye?,r end? Jlme 30- Annual meeting is
c
held the second<uT r FlK, al in November.
®
build an elevated railway in Chicago, running from the Board o f Trade
Year ending June 30—
1889-90.
1890-91.
1891-92.
Building westerly about 4 miles, with branches; the total length to be
Gross earnings...........
$9,388,081 *$9,959,710 $10,835,978 lO ^ miles; first two miles to he four tracks, the resttw o tracks. The
N et over exp. and taxe*
4,081,552
4,504,080 4,912,705 right of way is to be bought and owned in fee, and w ill be mortgaged
a
Interest ami rentals___
1,597,880
1.907,194
1,917,052 to secure the bonds. Stock authorized, $15,000,000. Road is beta".Dividends....................
11,560,000
1 , 020,000
1,800,000 built under contract by the West Side Construction Company, and dur
ing construction the voting power on the construction company’s stock
Surplus over dividends.
w ill be in the hands o f G. 0. Clark, of Clark, Dodge A Co., N. Y . ; George$923,672
$976,586 $1,195,7
C. Allen, of Rusk AJevons, N. Y.. and II. L. Higginson, of Lee, Higgin* ln« 1lie s other income.
1 In cash and sorip.
son A Co., Boston. V. 55, p. 1035; V. 56, p. 206.
i
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MAP OF T H E
,
T
MEXICAN CENTRAL
R A I L WA Y
AND
ITS
C O N N E C T IO N S
* +
\■
BarMfysiv
f ’Kri»tL
T®m«4ji-ojr
iitm lfh
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tC
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i> s A
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•
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______________ _____
<S P ,--ft$uft11ftI l«W W »fi# s t
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S4
INVESTORS’ SUPPLEMENT.
[V ol . LV I.
S u b s c rib e r s w i l l c o n f e r a -trea t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In tlie s e T a b le s .
[Bonds—Prlnol
INTE RE ST
RAILROADS.
pal,Wlien Due.
Miles Date Size, or
Amount
When
Par
of
f o r explanation of column headings, -Sec., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Whom.
Cent.
Dividend.
Road. Bonds Value.
on first page of tables.
Mem. Little R ock d ln d . Ter.—1st M. for $1,200,000.
Meriden Waterbur. < Conn.—1st m ortgage.... ... .
C
Metropolitan West Side L im ited (o f Chicago)—Stock
l s t i l . ($15,000,000) gold...........................
Mexican Central—Stock, $25,000 per n n le....
ls t mortgage (uuassented)
30
1890
1888
1892
1881
1889
1889
1889
1881
1,832
1,832
1,832
Registered income bonds, unassented...............r . .. .
Mexican Rational—Stock................. - -— - - - -.......
le t M., subsidy, gold, eubject to call at 100. ...c 1,064 1887
2dM.,scr.“ A,” g., inc. aocum. (for $16,075,000)0 1,064 1887
2d M.,ser.**B,” g., inc. non-ac. (for $16,675,000).r 1„064 1887
1887
3d mortgage, deb.(income not cumulative) gold.r
83
Mexican Northern—Stock. ...... -— - - •••- - •— - 83 1890
let mortgage, U. S. gold coin, s. f. not called— c
HiefiMjun Central—Stock............. ................ - - ---Consol, inort.—now 1st M. ($2,000,000 are5s).c<fcr 270 ’ 72-’82
M. C. Michigan A ir Line, 1st mortgage........ c&r 115 1890
84 ’79-’86
M. C. 1st mortgage on Grand River Val. R R..c4r
39 1889
M. C. 1st mortgage on Kalamazoo & S. Haven.c&r
84
Grand River valley stock, 5 per cent rental.......
Detroit < Bay City 1st mortgage endorsed... .c&r 147 1872
fc
1873
Bridge bonds...................................................
147 1881
M. C. 1st M. on Det. & Bay City RR., coupon......
117 1881
do
do
registered—
Jack.Lans.A Sac. stock, 3 ^ p.c. y’rly, guar.by end. 295
Cons, mortgage, assumed, extended in 1891 .c&r 295 71&80
18 1889
Bay City & Battle Ci'eek 1st M., gold, gu. p. & i. .c
41 1889
Battle Creek «fc ttnrgis 1st M., gold, gu. p. & i...c
1,000
(0
1,000
100
1,000
1,000
1,000
1,000
1,000
100
1,000
500 &c.
500 &c.
1,000
100
1,000
100
1,000
i .ooo&c
1,000
l,OOOAc
50
1,000
1,000
l,000&c
l.OOO&c
100
1,000
1,000
1,000
M e x ic a n C e n tr a l ( M e x i c o ) . —(Sec M ap)—Mileage—Main line
M exico City north to El Paso del Norte, 1,224 miles, 412 miles on Tam
pico Division, 11 miles on Guanajuato Branch, 161 miles on Guadalamra Division and 17 miles on the San Bias Division, 44 miles on Paehuea Division, and branches 7 miles ; total Dec. 1,1892, 1,876 miles.
O r g an izatio n .—Incorporated February 25, 1880, under the general
law of Massachusetts, and also holds a charter from the Mexican Gov
ernment. Debt readjusted in 1889—see V. 48, p. 191, 292, 327.
Su b s id y .—In July, 1890, a contract was made by which all subsidy
payments on lines then constructed were discharged by the payment of
$14,900,634 in Mexican silver. The total subsidy collections from the
beginning, including this settlement, amounted to about $17,800,000
in American money. See V. 54, p. 765. By the construction of the
Pachuca Division the company earns an additional subsidy o f $8,000
per mile on 44 miles, payable in Mexican 5 per cents. The company
has received under the Tampico Harbor Concession $1,140,000 6 per
cent Government Bonds corresponding to a depth of 10 feet in the
channel. A t the present time there are 19 feet m the channel, which
entitles the Company to $1,545,000 more box.ds, and it will be entitled
to the balance o f the total amount of $3,000,000 o f bonds when the
•channel reaches a depth o f 22 feet.
The $7,000,000 priority bonds were paid off with proceeds of subsidy
collections, interest ceasing April 10, 1891. See Y. 52, p. 390. A fter
the payment of the priority bonds there was le ft of the subsidy
$4,832,570 to be put in trust and used whenever necessary for the pay
ment o f principal and interest of the consolidated mortgage bonds. On
Jan. 1,1892, there remained of the money so deposited $4,600,815,
$300,000 having been withdrawn in 1891, as provided for in trust in•denture—see income account below and V. 54, p. 765.
B onds .—The consolidated mortgage 4 per cents (trustee, Boston
Safe Deposit & Trust Company) cover the entire property, all old firsts
•deposited, and the subsidy earned and to be earned. (See abstract of
mortgage in C h ronicle , V. 49, p. 177.) Both series of incomes are
non-cumulative and secured by one indenture to the American Loan &
Trust Company. First consolidated incomes received 3 per cent inter•est July 10,1890, and 3 percent in July, 1891 and 1892 respectively.
L atest E arnings , &c.—From Jan. 1 to Jan. 31, 1893 (1 month),
gross in Mexican currency were $634,660 against $613,022 in 1892;
net, $160,267, against $211,859.
A n n u a l R epo rt —Fiscal year ends Dec. 31. Report for 1891 in V.
54, p. 745, 760, 763, gave a full account of the affairs of the company
and its prospects, with earnings, balance sheet, Ac. The gross earnings
below are Mexican currency, all other figures T S. currency.
J.
IN C O M E A C C O U N T — (U . S. C U R R E N C Y E X C E P T A S I N D I C A T E D .
1889.
1890.
1891.
1892.
A v. miles operated.............
1,462
1,527
1,665
.........
Gross earnings, Mex. cur.$6,337,225 $6,425,694 $7,374,539 $7,963,254
Net earns. Mex. cur....... $2,825,398 $2,424,524 $2,694,750 $2,961,469
Do do in U. S. cur--- 2,096,056 1,978,157 2,068,013
Subsidy acc’tin U . S. cur,. 812,912
601,127
300,000
Miscellaneous in U. S. cur.
22,542
17,953
........................ *’ *
Total net income....... $2,931,510 $2,597,237 $2,368,013
Interest on coupon notes.
$91,981
.......................
Interest on 1st mortgage. 1,767,595 2,406,114 2,3*21.,18*6
Interest on debentures...
180,067
28,467
Miscellaneous.................
105,881
261
39,374
Total U. S. cur., ........$2,145,524 $2,434,842 $2,360,554
Balance............ ...... sr.$785,986 sr.$162,395
H$7,4591
1 Balance to credit of income account Dec. 31.1891, was $503 238
1
-<V . 53, p. 21, 436; V. 54, p. 159, 745, 760, 763 ; V. 55, p 938.’)
M e x ic a n N a t io n a l R a i l r o a d (M e x ic o L - O w n s from Laredo
to City of Mexico, 812 miles; Acamburo to Ratzuaro, 96 miles* E l
Salto branch, *15 miles; Matamoras to San Miguel, 76 miles* small
branches, 5 miles; total owned, 1,064 miles; controls through ownerslup ot stock, Texas Mexican Kailway, Corpus Cliristi to Laredo
Texas, and branch, 163 m iles; other lines, 5 miles; to t a l'1,232 miles!
Obo A t-IZ A T IO N . T h e foreclosure of the Mexican National Railway
took place on May 23, 1887, and the present company acquired 716
miles of road. Also owns all the Texas Mexican Railway first and
second mort. bonds and $2,453,750 of its $2,500,000 capital stock.
.
™ b» i. y- see full particulars iu Supplement for Janud
aly*
Total autisiily applicable to the new first mortgage bonds
was $6,000,000, Mexican money, of which about half has been paid
Receipts are to be applied to interest on bonds, or to their payment
when drawn by lot. About $100,000 a uiontii is now being collected
Sto c k .—Stock, $33,350,000 (par $100), placed in trust with the
Farmers’ Loan & Trust Company, leaving the road in control of 1st and
2d mortgage bondholders until it earns and pays interest on both classes
o f bonds for two consecutive years, in which event the control reverts
to the stockholders. The Mexican National Construction Company owns
•over $17,006,000 of the capital stock and $7,000,000 o f 1 incomes
the
„ B o n o s - T h e first mort for $12,500,000 is a prior lien upon all the
Unos in Mexico, constructed or to he constructed, and upon the Texas
450,000
(0
10,000,000
47,841,100
769,000
56,894,000
17,218,000
11,216,000
587,200
33,350,000
11,876,000
12,265,000
12,265,000
7,040,000
3,000,000
1,660,000
18,738,204
10,000,000
2,600,000
1,500,000
700,000
491,200
274,000
150,000
j 3,576,000
2,000,000
2,234,000
250,000
421,000
M. & N.
May 1, 1940
J. < J.
fc
July 1, 1925
___
F. & A. N.Y., 15 W all St.& Chic. Aug. 1, 1942
5 g-
5
5
(7) 4 J. & J. Boston, SafeDep.&Tr.Co
do
do
4 g. J. & J.
3 g. July 10 Boston, when earned.
3
3
July 1
6 g.
6 g.
6 g6 g.
6 per an.
6 g.
See text.
7&5
4
6
5
5 per an.
8
8
5 5
)
5
3^2 p. an.
5
3 g.
3 g.
July 1,
July 1,
Jan. 10,
Jan. 10,
July 1,
1911
1911
1939
1939
1911
J. & D. N. Y., Nat. City Bank. June 1,
M. & S. Paid 2 p. ct. Mar, 1, ’93 July 1,
A p ril 1.
July 1,
May 1
July 1,
Q .-F . N. Y., office, 42 Pine 8t. Nov. 15,
do
do
J. & I>.
Dec. 1,
F. & A. N. Y. Gr’d Cent. Depot. Feb. 1,
M. & N. N. Y., Union Trust Co. May 1,
J. & J.
do
do
Jan. 1,
M. & S.
do
do
Sept. 1,
M. & N.
do
do
Nov. 1,
j. & j.
do
do
Jan. 10,
M. & N.
do
do
May 1,
M. & N.
do
do
May 1,
M. & S.
do
do
Mch. 1,
Q,—M. N.Y., Gr’d Cent. Station. Mch. 1,
M. & S. N. Y.» Union Trust Co. March,
M. & S.
do
do
Sept. 1,
J. & D.
do
do
Dec. 1,
J. & D.
do
do
Dec. 1,
1927
1917
1917
1937
1892
1910
1893
1902
1940
1909
1939
1893
1902
1903
1931
1931
1893
1901
1989
1989
Mexican securities. The bonds are redeemable on notice at par. Trus
tees Hugh M. Matheson andCapt. W. G. Raoul. On Jan. 1,1893, $78?,699 raised by sale o f first mortgage bonds remained unexpended; $734,786 o f this being in capital reserve fund, $141 in betterments fundand $48,913 held for debts o f old company. In 1891 first mortgage
bonds for $319,000, and in 1892 for $305,000, were called for payment.
On series “ A ” bonds from earnings o f 1892 2 per cent was paid
March 1,1893. Loans and bills payable on Jan. 1, 1893, aggregated
$119,132.
The 2d mortgage bonds, series “ A ,” are strictly cumulative, and not
foreclosable wnile stock remains in trust as above stated; the 2d mort
gage bonds, series “ B,” are non-cumulative; trustees, Lyman K. Bass
and J. A. Horsey. Third mortgage trustees, C. J. Canda and H. A. R is k y .
Of the 2d mortgage bonds, $5,000,000 [one-balf each series A and B]
entered into a special trust arrangement by which they are drawn for
payment with proceeds of certain subsidy certificates. See subsidy
above, also V. 56, p. 20, and F in a n c ia l R e v ie w for 1890, page 59.
L atest E ar n in g s .—From Jan. 1 to Jan. 31, 1893 (1 month), gross
$413,265 against $322,713 in 1891; net, $137,518, against $86,840;
after deducting other expenditures for repairs, replacements and gen
eral expenses, net earnings applicable to interest on bonds were
$52,360, against $62,024.
A n n u a l R e po rt —Fiscal year ends Dec. 31. Report for 1891, with
the balance sheet, etc., was given in V. 54, p. 596, 603. Gross earnings
below are in Mexican currency, all other figures in TJ.S. currency.
IN C O M E A C C O U N T — (U . S. C U R R E N C Y
EXCEPT
GROSS
E A R N I N G S ).
1892.
1889.
1890.
1891.
Miles operated...........
1,218
1,218
1.218
1,218
Gross earnings.........$3,660,124 $3,754,966 $4,206,422 $4,756,030
Net earnings............. $533,354
$661,604
$892,788 $1,360,490
Interest ana discount.
9,109
14,671
...........
Subsidy receipts........
194,425
305,314
112,500
Total net income..
lilt, on 1st M. bonds..
Misc., bet’m’ts, etc....
$736,888
$753,880
32,119
$981,589 $1,005,288 $1,360,490
$809,500
$738,835 $720,185
135,654
412,137
394,812
T otal.................... $785,999
$945,154 $1,150,972 $1,114,997
Balance................... df. $49,111 sr. $36,435 df1T$145,684 sr.$245,493
The payment from subsidy wipes out this deficit.
—(Y. 54, p. 596, 603, 762, 844 ; V. 55, p. 256; V. 56, p. 206.)
M e x ic a n N o r t h e r n .- —
Owns from Escalon, Mexico, on the Mexican
Central Railway, to Sierra Mojada, 83 miles, all steel, completed in July
1891. T he M ortgag e , o f which the State Trust Co. of N ew York is
trustee, is for $1,660,000, of which $58,000 have been purchased for
the sinking fund. This fund receives yearly 5 per cent of the gross earn
ings and the income from the investments o f the same. None of the
bonds are subject to call before maturity. D iv id e n d s from February,
1892, to November, 1892, both inclush e. 1^2 per cent quarterly (6 per
annum.) In February, 1892, an extra dividend of ^ per cent was paid.
M ic h ig a n C e n t r a l.—( Ste Map adjoining New York Central
page.)—L in e of R o ad .—M ain line—Kensington to Detroit, 270 miles*
and Windsor to Suspension Bridge (Canada Southern), 226 miles;
total main line, 496 miles. Branches owned and leased 1,128 m iles;
trackage 1 1 Cen., 14 miles; total January 1, 1893, 1,624 miles*
1.
There are 244 miles of second track and 810 miles o f side tracks.
Or g a n iz a t io n , L eases , &c .—The Michigan Central was chartered in
1846; the whole line, D etroit to Kensington, was opened in 1852. The
lines described above as leased are all held by the Michigan Central
nominally under leases at fixed rentals, but are practically owned.
In November, 1882, a close contract was made with Canada Southern
for working its road by the Michigan Central and for the division o f net
profits over all charges as follows—one-third to Canada Southern and
two-thirds to Michigan Central; but the Michigan Central was entitled to
an increase on this proportion as it diminishes its interest charge by
payment of bonds or otherwise, and hence latterly obtained more than
two-thirds o f the net income. The contract provided for a re-apportion
ment every five years and in the re apportionment December, 1892, it
was agreed that the Canada Southern should thereafter receive 40 per
cent and the Michigan Central 60 per cent of the first $1,000,000 of
net earnings, any amount over that to be divided as theretofoi e—onethird to C. S. and two-thirds to M. C. V. 55, p, 1078.
Ca p it a l Sto c k .—The Michigan Central stock has remained at the
same amount since 1873.
D iv id e n d s since 1882—In 1883, 5 ; in 1884, 3 ; in 1885 and 1886 »
nil; in 1887 and 1888, 4; in 1889, 4; in 1890, 5; in 1891, 5 ; in 1892,
February, 3 Lj; August, 2 per cent; in 1893, February, 3 ^ per cent, of
which lL j extra.
P rice of stock .—In 1884, 51%®94Lj: in 1885, 46*2®793i; In 1886,
61^^9834; in 1887, 80@ 95is; in 1888, 72'2>92J*8; in 1889, 84L3®991 ,
4
in 1890, 83©1043 ; in 1891, 87Lj®1097 5 in 1892, 102^117; in 1893;
4
8
to March 17, inclusive, 104 a 10631.
B onds .—The Jackson Lansing & Saginaw bonds were assumed by
Michigan Central, which also guarantees in perpetuity 3*% per cent on
the stock. The total issue o f Battle Creek & Sturgis bonds is $500,-
M AbCH, 1883. J
BAILKOAD
STOCKS
AM)
BCMDS.
RAILROADS.
-{ Miles ; Date Size, or
F or explanation o f column headings, Ac., see notes of
*
of
Par
on first page o f tables.
Road. Bonds Value.
MideUeeborough
snort, for $1 ,000,000___ .v
Middlesex Vul.—1st M.$600,000.g„($20,000 p.ni.)e
Middletown Cn. <* H. Cop—let M., ext. In '86.......c ’
£
2d wort. guar, interest, redtteed to 5 per cent..
Milwaukee la k e eihore dt Weetem—Common stock. .
Preferred stock. 7 per cent.................................
!
Michigan M y . 1 st wort, (for $3,000.00®, g o ll.e
16 : 1890 ' SI,OOO
32
13 1866 TOO AeJ
1871 300 A c.;
. ... E . ...
100 !
....
....
100
....
1881
1,000
85 1884
1,000
40 . 1885
1.000
16 1986
1,000
Corn-. debentures, (secured by rnort o f 1889, g. •[ 531 198?
1.000
331 1880
1,000
i ..__
1881
1.000
....
1883
1,000
Marshfield Ex. 1st M .for$600,000(8In.OOOp.wx1
40 - 1892
1.000
56 1883
1.000
65 . 1882
1,000
65 ! 1882
l.o o o l
1994
1,000
i 26 1880 • 1,000
Coax. S t ($17,000 tu n j.ls t M. Dorthof Gr.Bay'e
362 1884
i.o o o
Mine U M d SeAutilkiU B ate,,—Stock................ .
53
50
500 1
!
17 1891 i
Common stock...............................................
....
100
Preferred stock................. ......................
f . .. . 1
UK)
1st M.,Mu,n.t*>.M.rrt;im J r ................................
■ 27 ; 1877 j 1,000
Istmort., Merriaao Junction to State Line,gold c
93 1977 SOOAtv
1st M. MHm,AI)tii.3SUi.n.to Whlte B. L ak e.! ....... ■
15 1*77
1,000 s
lo w * ex ten. l* t At., g.<Al. Lea to Fort D odge),.e'
102 1879 , 1,000
Consolidated mortgage............................. ..........
Trap. A equip. M,, 1st A 2d m r., jun. lien on road.o* 360 1882 j 1,000 [
85
INTE RE ST OR DIVIDENDS.
r g j& j™ ” "
^
Bond*—Princi
pal, When Due.
H '^ g g j j j S
$124,000
0
J. A JjN.Y.,Atlantic, 't rust Co. July 1. 19 3 0
440.000
5 g.
—
X. Y „ Central Trust Co.
150.000
5 g. > t * N. N. Y „ N. Y. SUsq. A W. Nov. 1, 1911
250.000
5
J. A It.*
do
do
Dec. 1 , 1896
2.650.000 See text.
X. Y., Office 52 IVall S t Feb. 16, 1891
-5,000,000 7 per an F. & A.
do
do
Feb. 15,1893
5.000.000 j
6 g. ;>X. A N.
do
do
M ay 1, 1921
1.281.000
do
6 g. (J. A J.
do
July 1, 1924
1.000. 000
b g. -M. A 8.
do
do
Melt. 1, 1925
100,000:
)A. A O.
do
do
Apr. 1. 1896
500.000
do
I I : F. A A.
do
Feb. 1, 1907
4.500.000
F. A A.
do
do
1, 1929500.000
do
5 * M. A X.
do
1. 1911
200.000 I
6
.7. A J.
do
do
1, 1895
300,000
3
A. A O.
do
do
1. 1922
1.120.000
do
____ I 1Q13
do
6 ?• J. A J.
i ,430,000:
J. A J. X.Y.,36 WallSt. A B est July 1, 1912
5 g- J. A J-!
520.000
do
do
; July 1 , 1912
2 *• A. A O.
241.000
6 g.
0.1
do
do
i Apr. * ---*
1. 1904
2.155.000
6
A _ X .Y., Oh. MIL A, St. Paul5
p.
,
June 1 , 1910
6
4.003.000 ,
A I).
do
do
June 1, 1913
4,210,200 See text. J. A J.Thila.,Office, 1198. 4th. Jan. 16, 1893
000,000 ,
5 g. J- A J.'X, Y . , Third N a t.Bank. Jan. l , 1931
6 .000.000
4,000,000
455.000
950.000
280.000
1.015.000
108,000 i
3.887.000 i
2
?
7
7
6
6
8- J- A -> Lost paid July,
■
»• J. A D.iLast paid Jane,
g. M. A N. Last paid Mav.
g. J. A 1>, Last paid Dec..
J. A J. Last paid July,
J. A J. Last paid Jill; ,
1892.
1892.
1892.
1888.
1988
183s.
J sim.
June
-May
June
Jan.
July
1.
I,
1,
l.
1,
l,
1907
1927
1907
1909
1932
1922
OOO, but o f this $79.00(1 was mb-guaranteed by the Lake Shore A Mich- I wrest on them during first ten ve
cars after issue. Rental in 1891-92
1890, >199,372; in 1889, $180,689.
carry 1 guaranty, endorsed on the hoods, o f the Michigan C en tral.; . M ilw a u k e e dr N o r t h e r n . —-Sekwartkburg, Wi*., to Champion, 254
ho
In addition to bonds in tabic M. C. guarantees $600,000 Joliet A North mlle-s; brancli«ss--8Ulitaw* to Ontonagon, 17 m iles; branches, 61 miles;
ern Indiana 7s.
“ dab -162 miles, under conatnictlon from Cbanniug, on its mala line.
.
j R t '- J j t J * ! '. "
—
Opt:k vno-re, FjSAXCfcs, Ac,—The road lx operated under a close con till St'IClIISkW1 R iM litF -.1- i m i l 4**4 *<» i t r * #•»«»•« rale. »■#,.-1 i» * i u f%‘ i
o f Its con
tract with Canada Southern, and tins earning* of both roads arc iuciurl-d
m the statistics below.
:• *‘questl<
S'oU
in 1692coant
earnings were
terminal*.
agst. $-114,879.
.. .... ........ . _ ^
.
oof
004
Seen
........., ........
_ ......................
1892 by the purchase and'cancellation of forty Jackson I .arising
$ * I ^ 22a S $ f « , f 2 4 0 2 7 5 .
•W* U *
*
from- piposeeed.* <»f
A y x fiu , K hroR T.-Fiscal year end* I me. a t . Annual meeting is held
M in e r a l K a « W c . - n « i a t i » i i . MIrh.. »•> Calumet, 5t!ch.. 15 m iles;
on the Tbcrrday following the first Wednesday In May. Report f.»r branch, I ranktln button to Franklin, 2 m.: total, 17 mile* (3-foot gauge.
to v p- 760, See also V. 54. p. 742. Adven e* statement
U la r o n i, Erv.-O perated In close connect Ion with Hancock A Calumet
fo llo w ? ' l ’ * cember P *rt|y estimated, was in V. ft5, p. tu60. 107*, is, ( which sc... I Receiver spiHdnUatttt June, 1 > » , wan discharged Sov. 30,
1>>9, company reorgaolgcd In 1891. In December, 16ie.<. a controlling
nt. rest u, the dock .whole i« u e , SIW>.(KM>-par $100. » » purchnseS
„„
1939.
1890.
1891.
1892. iK«t.)
io (« (^ t « r t in Ui« Imiuth Boulii *lu>rv & AUantfr, V. 55, p , 110.
Stile* operated— .
1,540
l.mtu
1,609
Gross earning*.. .,$13,790,925 $14,400,711 *15,162.960 $ 15.300.000
*“ 0r*<m«c cover* all the property, including
Opapng expenses., t*.995.158 10,731.754 11,107,569
11.979.000
of Ilnncock A Calumet stock, which I- live sevenths of the
Whole l.xxite. un January ! , 1992.old bond.outstanding wcro$«f>.600:
Sot earning*___ 3,691.767
3.756,957
3,031,000 equipment notes. $142,500.
4,055,391
P. e. op. ex. to cam*.
71*77
74*06
73*25
75-18 j ..f.'VK, J “ " , 1 “ i Jane 30. 1893 itj month*), gross earnings were
MMs-inel'g other ta.e,$3,&38,433 *3,>16.150 $4,114,019
*3,070 000 i $8/,-1,^;.fu
fal,l" t ^ l >
‘>33; m t, *37.496, against $28,307 in 1891.
Rentals p »h l.......... $ 1s t,310
In 1H 2 gross nnnilngx, $129,163. Grow, earnings in 1891,*140,505;
I
$1*1.310
$184,310 ,
interest on debt___ 2,329.216
2,270,022
£.254.977'
2.402,000 2fi- f ^ l e f d - President, Charles Hard; Hccm ary, John Tally. 40 Wall
Miseelhim-nux .. ,..
7,73!
stree t. (V . 54, p. 657; V . 66, p. 1110.1
134.723
Can. Southern share 407,444
3ft 5,«33
446,776
401,000
r
lV s l -L < »u I*.-O w n « malaUttft Mtnnespou* U Angus,
>
Total payments, *8,927,701 $2,914,688 $2,386,063
• Paeifi® B l ™ a ,
Mortou, 9'J. mUml Ksdd
$2.803,(KH) I*** * 8 *
Branch, 2 m llc»; Lake Parti _______ _ . „ milt s ; total
limncJi, l% „
354%
Sttr^ta* ford iv'd *.,. $1,010,782
$971,76# $1,227,956
$1,173,000
1
V
'*•
in n e
M d l , to. S t Paul
.. ...
u tu <
huI « fe
(6) 930,910 (5) 936.910j5%) 1030601 fS ht) 1’,030,60! Nortliera I aellle Railroad; alsoM ownsj q from Mliineaimtls ov**r S t ,PBear,
to White
12 miles, Which Is leased to the st, Paul a Duluth Railreml.
___5 » » t o * ............
$73,822 (tet.jW5.148
$197^55
“^ U 2 ,3 O T
HtsTokv. IiKt-.u* tr, Kro.—This company wax organlxed in 1870. The
- BaEanee to credit o f income aecoun t Dee, 31.1891, was $2 290 747 “top-* >8 88 «»ni«H i on equipment bonds went to default. W. II. Tmead.dc. I resident, was ap[6>lntc«l reeolver In June, 1.886. in thu foreclosure
403'l53’ P' 9X1' ***** V' 54' ** 7<t2*
'*• 55- P. *1 31. 1076: V. 56. p. m l I imdtir ttoprovement m t i oa»ilpm6 *it niorfieaV’*
.
It
im — ....................
------------a
/1
1
1892, the
appotntml a cot
cormnlttcc consisting
« M id d le . e e.rgiii _ _______n t i c —In operation to o f F*
4
_
____ ,*t(*i*t ut'-M from Mnaebeit
B fU m n,t, W. A . lla tu l. W . I. Hull and J. KenG
A A t l a ____
........ ... L.
tnt,•rests, and deposited tholr stock
<am*t IS mlleA, & w i p m jm t a A tr # m Sa-ra»tmh to Aliantii otwmt “ MV *7®’?, u!
tlielr Inter..*
••
*
mtlm, Om m tnutlm i mutcnukmt \n tilt*. ^!*l*fn*r*l t* yrntmt
orai omiranv i » exchange for u.-go! table receipts.
,
, .......... — ........ commlUre were given a majority*
■
erdber, 1892, It was reported that the line would be at
eotn ready
590.
r*’»'YanU at!on 1* about
pleted to Covington, making 44 miles in an. <v. 53, p, 1 -.;.t
Bo
M id d le s e x V a l l e y , —opened for business in October, 1892, from 1 rw „,,n p - .E rr -T o ta l annual fixed Interest•charge Is fftCd.ooo, and $35,.
,
- .......... — ... — .
IFfep!c»j K, 1.. northward to Stanley, ,v. y „ 22 mile, .•s w „1 pro- 1 x,! ’ *H-H eniing yearly *-n thelnwJme Hands which maturedjun. 1 ,1891.
emo Iyearly OU theluwme bond* which matured.I an. 1,1891.
«
_............. ....... ....................I undewttKid to own a largo block
the * luemro Rock Inland * PanUo Is ____
a largo block
^ fllw « t ife « # i L a id * s h rtrr A U o n fo r.,
ck
« l tin- jmprov»-m.*ni !in»i equiprm.mt ixmiN.
Junction to A*hl and. W*.. 3*7 mile*; Mon[i”/T« Ilurlev 88 m S
\
i io iU r no1
tn
” Vlort. W c d,? Juno* l027, nan,,,f,rfyl from ,
e
tuned
h tm v h m to raevnn mtmlNan to *
Wmmmt R
f
mttet* by
ttHW‘ al,ove* Wr're
bramhcs to m m .., M i n l t e : spurara m t n ^ 4 9 m ile. ; W l »
| V lT r lS
r „ . „ applicable by order
............. ....... m u m , tmnds, due May l, 1907.
a*. IW,|ba fil -ar.nra iotlw,. leoiNwl*.797 i ....... bot affljy 756 iiip * o iw »r fty J x a i .«*.*I m O i l i*o »j,“ Atooir Supt, 28* 1892, two oouponfi were oaJd
v wwn-eti an<l
tm*M*M» i-»H
or
About
(
___
. ‘
'
inrtlYtvuM.c.t I
.
.. .
of
t » v m in m maittifoctar^pa.
" ' I ou fill* tinprovrauent htmtht, atwi in Jamjiirr. 1893. the' n ^ iv ft r {.aid
j*1
?
f r’ l% h rn*'
?
, A
»*h»nw*i tor #hto*?k of Uu Chicago ! !
“A Vef ‘ !
Tlit* la$t coupon paid m» each loan
* ^ ort5w/ * t4
:rn
on toriu« njFiitioncl in V, 55, t> 218.
.
j i#i-hovn in the ta»»J« above. In .January, 1893, the receiver was ex_ Z ? r ; ^iventnnh* are com <-rttMn into atoek
par » t any tim « [
ail ^wporiN in arrears would .wom be paid on Minn, & Mere
i
^.fo.n t»ii > ♦ - as,, t the daf^ fixed for payment ofdi\id*jidw ..n I'dramon fl?, a * rM to». Mj-rriain Junction A y Elite Jdnc, and I acilic Kxtenaion
i
d
75? ^aip t it s. flo fo n . > n fi ,.4 cw
ra >
ciit bonda o 188fi are m b ),ect to nail $100,000 *
per i nrovnmnilt. pn»bablyi rtnionf Ixr. r.,1more raicit ,. i ■ t a £xteheiou and Iraj IS.1 ! S111! in tt one or two _ x? K
on Iow
» Car at, lo.-,. s.nr!
t
-,T
-*.—.
~ ...... ....
,
i
>
*
1 *t
»
•
'*M vtnA--, tu i7iia* aiw will re
>.M
i% * f * * >
i thmta. bonda are not anhTect to e»li.'
Ttot .nnual report for 1891 « » in V. 54. p. 596.
J 3
" r e $ ‘ .221,945 : net. $1.030,651: interest
K i r ’. * * , ~ ‘ * % 1
» n« rnls,8‘ llancous, $11,1 ,li ; divS/len*! - (7 on
grrVifbf w'u ,’.'s m tii',"h ? " D x ie h a a .,— Own. .v.. >
,ith to BflMetalna S re ., ,
, '• 'bill,-*
fwtwwl for 99 year, to W -. rent, at 37% per
1
, r e n r n ,‘ r e a*
!‘h* »(>■-, $175,000 m r year 1* receivr-d. the balance o f net earning* 1* to be equally divided.
fn m m m t«e> '\~<h T,
" tor h- I - * '
> nmulatlv*, $780,000;
na?S ?,rrah ;
par
$100. Preferred regularly
’^ l5? * **3 P^r rerat, herhur rciruJar preference, of 8 pt»f
‘(■••rue.l
*r> additional •( .....
e e n ('_ * ,c, ' " " " r "
° f’ * r,'riieal back dividend i n ad.llrlnnsl 3 per
« per *;• nt t«*r attmtm in all.
Box lx,
^
into. 'p r It r r e d l ^ f . T '* , ^ v ‘ ' " I f ttr* vbhVerfJWeon any ernpon day
f
ri
, t k , a n d N o s, g o t u p in t o c o m m o n : th e ie - .e e p a ys in
$514.1117. ' T — —
1893 (7 months), cross,
— -JO.-WW, net, $481,394, against
A vN'P.u, Kr.poitT.—Fiscal year end* June 30. Report, for 1891-92 w a »
given Ih C h k o m c i a V. 55, p. 296.
,
1888-89.
1889-90.
1800-91.
1891-92.
$1,985,033
Grosx earning*........ $1,330,519>1 .507.124 $1,605,304
Oper. exp. and taxes.......
906.559 1.001.950 1,069.140 1,186,601
N et earning*..... $333,960
Total not Ineotiic. $431,865
Rental* paW
.......
$63,873
Interest paid during year
9,800
„ T o te *...... - .................
Balance,, snrjdng.............
$73,673
$357,992
8505,174
$612,041
$62,281
312,873
t 375,154
236.887
*586.218
$051,477
$65,025
217,860
8798.432
$025,035
$61,797
35,525
$282,885
$97,322
•$368,592 '$828,313
■Additinna) expenditures out- of income for Improvements, equip
inenf___ $260,2114 In 1890-91, and $255.27* in 1891-92.
~<v - 52, p. 321,608. 642, 681/718, 940; V. 53. p. 308. 430. 6 0 2 ; V .
54, p. 413, 721, 762, 064 ; V. 55, p. 256, 2 9 6. 298,373, 690, 806; V.
56, p. 127.164.)
D-.vn,
w £W
W i
T
f'
a
jiy n
anaigl
S At'
\\\\lj
k'™ \v\V
QKjrS i;'\S^A: V,Ml||)))) ] V
W
K
m
i
1
.m
INVESTOKS’ SUPPLEMENT.
Sa u l t St e . M a r ie
RAILWAY 4 CONNECTIONS.
[V o l. L ? l
MlNNEAPOLISjST. PAUL
M a r c h , is t& j
KAILEOAB STOCKS AND BONDS
87
S u b s c rib e r s w i l l c o a l e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
RAILROADS.
Bonds—Prinol
INTE RE ST OR DIVIDENDS.
i Miles Bate
pal. When Dae
“ r ; Amount
F o r explanation o f column headings, Ac,, see notes ol
ol
Rate per When Where Payable, and by Stock* —Last
Ascr
.1
I II*f,...
on v vcs t... in, o f tables.
first page ,11 in 1
Road. Bonds Value, i Outstanding Cent. Payable
Whom.
Dividend.
Mimteapelis < St. fjtmis.—/Cmeltidedj—
#
More,on southwestern extenglon(812,(>00 p.tn.Jo'
53 1S80
3d, M . income. gold (White B 'rto Ft. D odge)...o' 224 1880
Fuclllc extension. 1st mortgage, gold........... ..e*
92 1881
M inn. SI. Paul <f Sault Sie. Marie.—Common stock.
Preferred stock, 7 per cent, nou cumulative......
Minn. Sault Stc. Marie A Atlantic Is ! it. gold..O' 495 i
Minneapolis A Pacific. 1st M., 815,000 p. in., g ..c 286 ,
Consol. M. d o r 831,000,000). 820,000 p. m., g ..c* 879 1888
Income certificates..............................................
1890
Car trusts.................................... ........................
M im issqm i Valley—Stock, 4 p. c. rental Cent. Vt..
28 ;
M tnm trl Kanm*<t Teens.—Common stock............
.....
—
Preferred stock, 4 percent mm-eututilative.................
....
Tel«>. A Neosho 1st inert., gold,s. f „ red. at 100.. 100 1870
M, K. A T, 1st mortgage, go ld ...... ............ ........ 1,601 18UO
24 mortgage. (Income till Aug., 18951 gold...... 1,601 1890
V e t payments for ears, etc., 2 ser. (on J uly 1, '92);
Kansas City A Pacific 1st more., gold. tot. guar c
125 1890
Balias A Waco 1st M..830,000p.m.,g.,p.A 1 gu.e*
.
67 1890
Mo. Kan. A Eastern 1st M.,gold.gu. p.Ai. icnii.l.c'
166 1892
2d M. for 8500.000 gold. guar., p. A i. M ad.).
166 1892
M .K .A T . te Texas 1st M., $20,000p,m., gold, gam'I ., . 1892
BooneviUc fin.ire .least .1,1st M..g.,Ku..dr*nat too! ___ > 1873
8. W. Coal A Imp IstM.guar. p.A Lend. s .f.m ’99.|
...
1889
M itm u rt PaeiIfc—Stock, 855,000,000 authorized
___ _
Pao. KR. o f Mo. let m art, extended in 1888, gold 283
24 m o d , extended In 1891 In gold................ o': 283 i
1st snort-, real a f i f i g extended tn 1892, gold .. : ___
1872
le t M . t arondcirt Branch, gold, gu. p.A i.lend.)
13 1873
3d M. co v e i'g a ll property o f Pacific R K-of M a i
296 , 1876
Mo. Pa. me 1st mort. on 8t. Loul* a Lexington.
55 1880
Consolidated mortgage. *30.000.000, gold., c 1.076 1880
$636,000
81,000
i s - J. A D. Last paid Dec., 1887.
500.000
1,000 !
l e‘ J. A J. Last paid Jan., 1888.
1.382.000
1,000
e g- A. A O. Last paid Apr. 1 ,1892.
100 14.000.
000
100
7.000.
000
8.280.000 4 (sVg. J. A J. N. Y., Morton, B. A Co.
1.000
1.000
3.486.000 4 (5) g. J. A J.
do
do
10.831.000 4 (5) g. J. A J.
1,000
do
do
I
771.000
__
104,471
New York & Chicago.
500.000 4 per an. J. A J.
St, Albans, V t . "
000
100 47.000.
13.000.000
:
100
; 1,000
187.000
7 g. J. A 1J. X. Y. Office, 45 Wall St.
500 Ac. 39.813.000
do
do
4 g. [J. A D.
1500 Ac. 20,WO,000
4 g. F. A A. 2d coup, paid Feb. *93.
907,784
1,000
2.500.000
"'i 'g . i f . A A., X. Y., Central'Tr. Co.
1,000
1.340.000
5 g. M. A X. .V. Y. Office, 45 W all 8t.
i 1,000
5 g. A. A 0.
do
do
lit
1,000
(0
do
do
;
5 g. A. * O.
1,900
5 g. M. A 8.
do
do
696.000
7 g. M. A H . j
do
do
600.000
LOW
6
J. A J.
do
do
lOo 47,436,575 See text. Q. J. .V. Y., Mercantile Tr. Co.
7.000.
000 4 g. :f , A A.
1,000
do
do
2,573,0(K)
1,000
5 g. J A J..
do
do
500 Ac.
5 g. M. A N.|
800,000
do
do
245.000
500
6 g. A. A O.:
do
do
1,000
3.828.000
7
[M. A H.j
do
do
500 AC.
050.000
5
F. A A.'
do
do
1.000 I 14.904.000
6 g . :M. A N.f
do
do
ill |
If!
Dee. 1, 1910
Jan. 1, 1891
Apr. 1, 1921
July
Jan.
July
July
1896
Jan.
1, 1926
1, 1936
1, 1938
1, 1900
A 1897
1, 1893
June 1, 1903
June 1, 1990
June 1, 1990
to -98 A 1905
Aug. 1, 1990
Nov. 1, 1940
Apr, 1, 1942
Apr. 1, 1942
SopL 1, 1942
May 1, 1906
1929
July 15, 1891
Aug. 1, 1938
July 1, 1938
July 1, 1938
Oct. 1, 1893
Nov. 1, 1906
Aug, I, 1920
Nov. 1, 1920
M in n e a p o lis S i. P a u l A -vault s te . M a r i e ,—(See Map.)— renewal*, replacement-. Insurance and Interest on the first mortgage
©wan Mltamapolia to Sault 8te. Marie, Mich,, 401 utiles; brandies, 15 bonds.” On Aiur. 1.1908, no Interest was paid on 2nd mort*. bonds,
■ Ile a ; from Minneapolis northwest to Kuim. No, Dale., :)o« miles: shtee not earned la the six month- then ended, (3ee V. 55, p. 9 3 7 ), but
Hanklnson to Cathay, No. Dakota, 162 m iles: trackage in Minneapolis, to February. 1893, toe full 2 per cent was paid. (V. 56, p. 127.)
8t. Paul, etc;, 10 miles; total, 995 mile*. Extension projected in 1892 !
northwesterly from Cathay to the International Boundary. 180 miles,! O tU K A N f). Interest is guaranteed on $2,500,000 Kansas City A
to be eoropieted tn 1893, At the Boundary connection will 1* made! Pacific 4 per cent bonds and OH the Bonneville Bridge 7s. and prin
with A bpoieh o f the Canadian Pacific, affording a through line front - cipal and interest on B alia* A Waco bonds (Issue limited to $1,340,000),
1ho M uds Issued on the St. Louis Extension by the Missouri Kansas
the Pacific to St. Paul and the Bast. See V. 55, p. 297, 411.
A Eastern are guaranteed by the M. K. A T, The m ortgage Is fo r S I oregago is ror $4,
H is t o r y .—Formed May. 1889, by consolidation o f the Minneapolis j 000,000, See V. 54. p. 433, 887. See above.
8ao.lt Stc. Marts A Atlantic, the MtamsapolL A Partite, etc. (See V. ! Tie- M. K. A T. in Texas in August, 1892, filed a mortgage to scours
46, pp, 538.609.) Controlled in the interest o f the Canadian Pacific.
$10.00(1,000 o f bonds at $20,000 per mile for extension* in Texas
S lo e s .—After payment o f 7 pet cent on preferred, e-osnmoa and nrc- ; they are guaranteed principal and interest and are so (indorsed; trus
tee Central Trust Co. See above.
ferred share pro rata.
B o * tab—Can. P»c, guarantees by endorsement 4 percent Interest cm ;
the bond*. (Stoe V. 50, p. 794: V. 51. p. 239.; About one-half U m Minn
eapolis A Partfle M ad e and practically alt o f the other issues have
By,, 15 miles lu length, mines in active operation, ntc. The direct
assented to the redaction o f interest to 4 per cent, V, 54, < 79 9 .
>
A t t r a c t o f Minneapolis Sault Stc. M a rie * Atlantic mortgage to V. 45, tvveaijos ln year 1891-92, it I* sahl sufficing to meet th « interest on tho
bonds. The mortgage 1* for $1,000,000.
p 243. Under the m m a l mortgage of 1888 ttrttstee, Central Trees
Deferred payments due for cars, etc., on July 1,1802, were—payments
Company, mortgage abstract ClttuXlcUf, V. 47, p 1 12>sufficient bonds
were n w t e d to retire the prior bond* at maturity; toe V. 52. » 60S. extending till February, 1898. $605,388; payment* extending tlU
Bill* payable. Including ear trust* Nov. 1 , 1892, s V23.4S3; due Cana November, 1905. $302,396*. due reorgunlxatiuu com mittee,$1,173,044.
dian man account, $1,.592,793. See V. ’>5, p 723.
G e x k k a i . FtXASCBs. -In 1888, when raoalrers were appointed, the
B4AXW0S-—From Jan. 1 to Jan. 31.1993 (1 month), m * » . $236,589 f > « " ’as dismembered and In had physical condition. Stnoo then
large expenditure* Imre been mode for improvements, eonneetlng
against $225,285 In 1992; net, $14,602. against $05,002
In year 1893 gross earnings, $3,314,149; net. $1.240,94.0. In |MH, links have been luillt, Uie line to Kansas Ultv has been leased, and
gr.ws, $2 .:.«0,8U6; net, $1,026,171; taxes (,1c** credit*. $4,075), *36,- early in 1893 extension* will be completed to Ht. Louis and Houston.
L vtckt E sk sik u s .—F rom July 1 to December31, 1392 (6 months),
loW .IntorMton hood*, $846,036. rental*. Ac.. $115,364: balunee, mirpbto, 929.616. See %. 54. p. 917. (V. 51, p. 239, 416; V. 52, p. 280. gross (partly estimated) were $5,716,561, against $5,628,050 In t 89l
w s ij V. 55, p. 723, 995; V, 56, p, 414.)
A s s h a i . Kvi-oRT.-Fl-cal v.-ar ends June 30. Report for 1991-92
* “ In (.HROHICI.K. V. 55, p. 937, showing large amounts »pont for lmM l* « > u r l K * o h u A T e u a - d t e Map.) Kou>.—The Lines,
vemcnts. Larnlngs, etc., have been as W low , the R eceiver h avln *
Clearly shown on the map. embraced Jan. 1, 1893, the follow ing:
n In possession till July 1,1891,
*
Lin e* aimed a m i controlled. Mile*. U m sou m td and controlled. Mile*.
Year ending June 30.
1889-90.
1890-01.
1891-92.
Hannibal, Mo., to Denison,
Kansas Cl tv A Pacific By. •
Miles operated June 3 0 .......
1,774
1 724
Av. 1,674
T e x ........................................ 577
Stevens, I.T ., to Paolo. Kan, 130 Passenger...................
.... $1,757,666
$1,918,884
$1,870,269
Ooni*»a. Tex,, to Boggy Tank,
Sundry branches.......... ....... 321 froheht................................. 6.201,562
6,018,355
7,319,912
T e x ........................................ 349
Mall, express, e tc ................
586,547
515,252
560,382
Denison via
Greenville to
Total operated Jan. J, '03,1,708
H illsboro....... .................... 172 Under ooastiuetton—
Gross earning*.......................*9,515,775 $0,352,491
$9,750,563
Parsons, Kan., to J unction City,
St, Loots E xtension.......... 16« Otter, expenses and tox.-s
,, $6,747,803 $0,583,842
$7,317,493
K an...,................. .................... . Boggy Tank to Houston___
157
— ..........................
80 Net earnings................
1,797.972
9,768,649
2,433,070
Of the main line. 71 mile*. Fort Worth to Whitethorn, 1* operated Interest on twmd* A rental*. > Road operated by (
*,259,827
rw eiver.
I
io ir^ y with the Texas A Factor. The Holden Branch, 34 mile*, owned Renewals. A c ...................... )
94,300
oy
& T.y
to 4o. Pac., and qo( tael tided Hi sibov© aill0s#ce.
Total disbursement*.......................................... . . $ 3 3 5 4 1 2 7
The Ka*t Line * Red R iver R lt (Jefferaon, Tex., to UreeiivlUe, 12 1
mile*, nasrow gauge and branch to McKinney, 32 mites standard H u rpiu *.................. ....................................... * 7 l ;943
gongej who*e oeearttfeo are deposited In trust under the M. K A T - IV . S3, p. 21, 95; V. 54, p. 159, 288, 433, 441, 443, 441 844 845
mortgage# o f 185)0 was taken ont o f system in April, 1891. I t has 887, 1009, 1017: V. 55, p. 146, 177, 298, 590, 9 37; T. 58, p. 42, 373d ’
* • » * standard gunge and finned over to a new com natty
called the Sherman “ i.rev. i-.rt A Southern. The extension to H o i.to n
K oad —The' line* operated are composed o f the
w ill s * turned over to operating department in time fur summer bosl- toltow lm rr *
»
V. 36, |». 373.
h in t* owned and controlled. M ilt*. Id tu td line*’ and trackage. Mile*.
O fioxsiz .n o s . n 1ST..nr, Ac. -T h e Missouri Kansas A Texas Company St. Louie. Mo., to Omaha,
Boonvllie 8t. L. A Bouthern... 44
April, 1870 In May, 18« l , It was leased to the Missouri
Neb......... ......................
495 Osage Div. M. K. A T .............. 54
Pleasant IItit to Joplin, Mo.
133 Yerd. Valley Ind. A West....... 81
14 branches o w n e d ,............ 445 Leroy A fa n cy V alley...........
52
Froprtet try tinea (entire stVk
l " :'
.T, i ,
!tV
111 » - * » • P- / !», the old first mart
Kansas City A ft. W................ 4g
being paid o ff at par. The receivers were discharged July 1, 1*90.
owned; extending to Pueblo,
Trackage to St. Joaeph, etc___ 29
_____
Col., e tc ....... ......................1,833
- . g r x e i a
r ’ ro w * ‘ Ite requirements o f Texas laws, the
I.S K
T '* * * * ” w“ “ form«l,W Uh a capital of
**“ • p “ 0,a<! fiiK* branch lines Jan. 1,1893...................... 3,211
$8,000,000 to c o n «.!M a te «a this comptuiy'* rouii* In Texas. The entire
■ Leased tor specified sstn.
th 7 w V
To ‘ U
Truat Co. a* trustee for the benefit of
«&£*• K * T. security holder*. (V. 5 1.
W t7 ; V. 55, p. 398.1
.
Branch Union Paeifio, 388 mtles; Sedalla War)» * &
* Eastern (sec below) Is building from IhH.ovlUe *'** £ South western. Hedalta bi Warsaw. 43 m iles: 8 t Louie IronMounto at. lajale. 106 mlie*. Its stock Is all owned. See V, 54. p 887
lam A Southern and leased Unes, 1,770 mile*. Grand total Missouri Pa
IfT tit .:. * T ' own* tlS{iw i.b »p B »i Monk o f tile Galveston Hmarton A cttle mileage January i , 1 893, 5,415 miles.
Henderson, operated antfe-t lease by Intoraationni A Great Northern.
f
Lawn O r tort.—Land grant in Indian Territory 3.110.400 acre*. ««!► ro re^ to .u rel''’?' T xsra Acv - The Pacific RR. o f Missouri was sold in
foreclosure September (>, 18 <6. The present company was a oouaolida
|«ct to extinguishment o f tho Indian title, tV. 55, p. 9 3 7.)
» A u ^ » t 1880. embracing the Missouri Pacific and minor roads.
m no«B iR7 W
r£
r sSo‘i*i K » t ,vS t.he BoonvUlc HR, Bridge Co. has
proprietary lines are practically all pledged to secure
$l.O00D«o stook - p a r fltHK the Dallas * « > „ has $670,000 stock- Mo P X " ?
K
r
T*i n<» i * 1
I Hn- A Dallas *100,000, all included by M. K
T. in 1)# balance sheet In the outstanding capital.
xrf2fa*x
S r> Js-~ ' 9SPm?S
C
: ,n >892, 13 to 20A ; In 1893 to
The si. Louf# Iren Mountain A Southern stock Is mostly owned by the
w ?,! — 1 '“ ’mG Complete, control of the International A Great
S o them was secured in 1892. See V. 54, p. 360,
”f
,
was authorired in July,
^
H"Ck: 34'e33% ,u 1 0:1 u‘ 1890, and may be madeRf<’e,‘ Ui •SS.OOOVOO®time to time determine.
:
8
as stockholders from
, i?® flrrt mortgajtn o f 1800 (trustee. Central
‘
*.S" f
have bcon-: In 1881, 0; in 1882, 8 4 ; in 1883
T re.t rTr.? r \
!l
Bte second mortgage (trustee Mercantile
,n„ V ' 5 ! ' P'
Both mortgage* cover V l i S 'D e l u s i v e , y yearly; in 1888, 5 '4 ; In 1880, 4; la 1890, 4; In 1891,
January, I; April, 1; July, 1; none since.
^ i S r n T n f i n g ^ S ? * ^ a," “ '
weU « * «'> » » - '* owned directly.
• '"T fte r
rmy *' ° i T IM
;c?a<1 'nortgag* bondsia not obligatory
Prick o r * S ^ - ~ l p l S S 3 . 86 A t 06’ ,; In 1884,63«#®100j In 1886,80>r
rtr? m im i G V *. ’ ’
sn'1
cumoiaUvc, but ill February. 1892. itH u S o
,n >«87. 84h*/,112; in 1888, 66>*®80%;
+hc second
25nt * 'M P *W - f ' c agraament to pay coupons on
1
" I m o • 6 6 *7 9 M; In 1891, 5 4 ' ----' ----* ■ nctov rn n vl
h
^ V ' '• *895. I* * ...idiMoned " upon 53 - » 0 5 ;'i: in 1893 to March 17, Inclusive, 48*60.
1( .
r ** f,?-U
*'.C ..xpiraHon of each dx months V
The consolidated mortgage Is for $30,000.000-trusto«s John
m nr payment o f operating and maintenance expense., taxes, repairs,
- Dillon and Edward I > Adams. Of the consolblatxyl bonds the balance
.
LNYESTORS’ SUPPLEMENT.
88
[VOL. LVI,
iin r U n g to n 1
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H a rrin gton
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Mauniu'i
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P u r c e ll'
C laren don
ivanna.
vRusselvlll
M C A L L IS T E i
-C O A L M IN E !
^ M a n s fie ld
C on w ay,
L IT T L E HOCK
Dougherty*
B u tle r
K irk lan d
A n tie rs
Quanan
H olly
:iarend«>
H o t SpringsiPN.
A r k a d elp h ia
ia lv e ru N
ill e B lu lj
Gurdon.
W ic h ita Falis'ce
^A
rkansJ
HENRIETTA'
H ope
"■Camden
iwood
’e :\ ir k a n a .
T c h u la
Lauderdale
A lb an y
M e r id ia n /
V K.
IC S
\Colorado
C isco
Dublin^;
C olem an
(J a c k s on v ille
un/V
.N atchitoch es
P a le s ’
r ii
H a r r is o i
WACO*
,VTullei\GatesvnieQ
H a ttie s b u r g :
•emond.
A le x a n d ria
C henfcyville
ile a r a e
{
M ason o
Grun,
\ w„ r. V S 'B aton Rotjged/Baton Hon go
S
La F» * £ 6|
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fmpsteacl
Gofcsale^
d n g to n
.Hunts V .
\
T^ v t
•rgetow n q
F laton lu 1
§&hnrles
co-v
IM
L
Ilouma
P e a rs a ll.
K e n e d j'
Wictorlivl
Skldnn
MAP OF THE
Corpus C h r ls t r i
K ealitos
MISSOURI,
KANSAS & TEXAS
R A IL W A Y .
Mntamoj-ns
M a r c h , ls b 3 .1
JtiALLROAD STOCKS AND
BONDS.
S u b s c r i b e r * w i l l c o n f e r a g r e a t f n r W b y - r i v i n g i n m i c d i a t f n o t ! ••*■ o f n n v e r r o r d i s c o v e r e d i n t h e s e
8#
T ab les.
Bonds—Princi
IN TE RE ST OR DIVIDENDS.
Miles Date K z e .o r
pal, when Dre.
Amount
of
Par
When
F o r explanation ot column headings, 4c., see notea of
Outstanding Bate per *Payable Wliere Payable, and by Stocks—Last
Road. Bonds V alue.
Cent.
Whom.
on ttrst page of tables.
Dividend.
RAILRO AD S.
|
4fi»*>«rt Pacirio—(Concluded.)—
Gold collateral trust bonds ($15,000,000). ,,e 'k t 1,120 1887 $1,000 $14,376,000
1,000
9,636,000
1st collate cal mart. bonds for $1 0 ,000,000 gold.e* ■170 1890
400,000
1,000
41 1886
Boonville St. Louis 4 Southern RE. 1st mart......
1,000
520,000
52 I 1506
ter. 4 Caney Val.E R.lst M.,$10,000 p.m.bg.gu.c
1.000
SI j 1886
806,000
Verdigris V a t Inthsta-ddence 4 W. 1st M..g.,guar.
Missouri Pacific Smtem—St. Louis Iron. Ml. * So..
1,000
210 | 1867
4,000,000
8t. L. Iron M t.4 So. 1st M „ extended at 5 p,eJn’9&t
310 : 1872
;
1,000
6,000,000
2d mortgage, gold...................... ..... ............ .0'
99 i 1870
1,000
2,500,000
Arkansas Branch 1st mort., land grant, gold..
1,000
1,450.000
Cairo Arkansas 4 Texas l*tm ortga*«,«ndd.e**r
71 ! 1872
Gen. e*m~.i. and land gr. M, (fdO.OOO.iSH)), gold 1.272 •81,0 7 1,000 18,683,000
1,000
7,403,000
Do
do
gold, stamped, gusran. p. 4i..| 1.272 ! — •
2,260.000
Car m ists..........................................................
1,000
3,400,000
Kansas 4 Attain. Val. 1st M. $20,000 per in., g ... ice 1 1887
165 : 1875 500
Little Bock 4 Ft. Smith 1st M. land gr. sink. fund..
2,342,500
.
128,065
10-jearcoup.noti- iscp.,$80,205 da©July,1898i —
435.000
1.000
Little Bock June. 1st St., guar, p.4 U iy Iron Mt-.c*
2 ! 1891
100
3,000,000
Mobile it Birmingham.—Stock....... ......... ........... ..
—
— ■
1087
1,000
3.000,000
1st, ($20,000 per in lie* gold, guar................... cat 140
....
2d mortgage........................................................
140 1809
1,300,000
1,000
. 1077
1,000,000
Mobile 4 mrmnt—l i t mortgage !$200,000 are 6s). el
85
1.000
122 | 1891
Consol, mortgage for $1.000,000.........................
590,000
Mobile < O kfc-stock ($10,000,000 authorized,................
1
100
5,890,600
..
1st M., Mob. to Colaui., gold,...................... ..... «•
472 1879 500 Ac.
7,000,000
1,000
1883
1st mort.,exten..Ctduiu. to Cairo 4 brauelbgtd't.e*
55
1,000,000
'
8.219,430
General mart. for $10^00,000, land grant, s. f. c 527 ! 1088 500 Ac.
'8 4-’90 1,000
595,779
Equipment tKinds,
JfoAatrXd J b/o,o _ l , i M .$2.500.000,gold,gu.p.4i. 177 1893
W
Income bonds for $3,900,000, non-com,, 5 p r.ct..
” *' ]
MonongtiAela H itrr—S m BAfifiMOBJS 4 O h io .
1
f
Montana Central—Skis G bka T NoBTIU.itv.
<
*
>
5
5
6
5
5
g. M. A
g. IF. A
F. A
g. J. A
g. M. A
S. N. Y ., Mercantile Tr. Co.
A.
do
do
A. N. Y „ Am. Ex. Bank.
J. S .Y ., Mercantile Tr. Co.
do
do
S.
Jan.
Aug.
Aug.
July
Feb.
1,
1,
1,
1,
1,
1917
1920
1911
1926
1926
5
7
7
7
5
5
g.
g.
g.
g.
g.
F. A A. N.Y. Mercantile Tst Co.
M. ^ >*. New York or London.
J. A D. N .Y . Mercantile Tr. Co.
do
do
J. A D.
|A. A 0do
do
1 A O.
A.
do
do
Quar’ly .
do
do
da
do
0 g. J. * J.
7
J. A J.
do
do
J. A J. Boston. E. Atkins A Co
7
A. A o. n . y „ Mereantfle Tr. Co.
6
May
M ay
June
June
Apr.
Apr.
1,
1,
1,
1,
1,
1,
1897
1897
1895
1897
1931
1931
Jan. 1, 1937
Jan. 1. 1905
n j” 93-Jan ’94
Apr. 1, 1910
5 g. J, A J. JuUs,’i»2,eotui. last paid. Jan. 1, 1937
5
J une, 1939
4 A 6 J. A D. N. Y. Security A Tr. Co. June 1 . 1897
5
J. A D.
6 g. J. A D. N. 55. Farm.L. A T r. Co.
do
do
6 g. Q.—Jan.
4
>r. a 8. N. Y „ Gallatin Nat. Bk.
6
i Variu's.
New York City.
. . . . N.Y..N. Y.Lent.A IIud.R
4 g-
Dec. 1, 1927
July 1, 1927
Sept. 1, 1938
Var., ’94-1899
1993
a n tea ed i* in the hands o f trustee* to redeem prior bonds as they fail 1 14.52(1 acres for $314 per acre, Lunds In Arkansas unsold December
slue. Sec abstract o f mortgage in CHWMOCUC, V. 47, p. 207,
31, 1891,676,265 acres; lo Missouri, 86,761 acres; o f Little Rook &
The collateral trust bond- due 1917 (Union True* Company o f New ! Fort Smith RaUWUd, 523,168 acre*.
York, trustee, are t e e w d by mortgage bond* o f new road* at $12,000
Boxn*.—The general consolidated mortgage is for $45,000,000, bonds
o r $19,000 per mite. For securities pledged. 4c., tens V. 46, p. 678.
being reserved to retire all prior issues, these covering only 485 tulles.
As to collateral trust bonds due in 1920, see V. 50, p. 669, 874. f The mortgage I- r first lieu on the 737 mites In Arkansas aud on all un
*
The Leroy 4 Oaney Valley Railroad in Kansas, 80 tulle*, i* leased and ; sold lands, amounting to 765,026 acres on January 1,1892. Trustee o f
'bonds guaranteed by Missouri Tactile a* also the Verdigris Valley Indc- ; mortgage. Mercantile Trust Company o f New York. As indicated in
pcadence 4 Westers. The R cm cvilie St. Loti!* 4:8*mthem HR. (Bootle-1 the table above, part of the general mortgage 5s are endorsed with the
kin* to Versailles, Mo., 44 ntUenl is leased at $39,000 per atimtiu.
Missouri Pacific's guaranty of principal and Interest. January 1,1892,
© K k ik O , F t x . * - N ' At the meeting o f ttlrm tars in New York Sep-' there were still $153,359 old income* o f various tenues outstanding.
t ember 30.1891, the October dividend was passed and the stock fell on *• A.lvancrei by directors" January 1 , 1893, $776,417—sundry aecouate
October S to i l k . See V. 53,p . 471.
payable. $1,362,479.
The report for 1802 say* that ** during the year 1892 $800,000 o f 4 j The $1,900,000 first mortgage bomb* maturing August 1, 1892, were
extended at 3 per cent j«*r annum until May 1, ls97. V. 55, n, lo o .
S « r cent bt.. Louts City real estate mortgage bonds Of the Missouri
The Little Rock A Fort Smith Road w »* oMorbed by an exchange o f
Racine Railway Company were* extended ait 5 per cent, effecting a .««»fu g In Interest charges or $24,000 per annum ; and 81,000,000 o f 7 per Its stock (a 1887 <4 shares for 3 o f St. Loiite A Iron Mountain.) See Ut!e
« e n t teat mortgage > « « d * of the St. Isrmis Iron Mountain 4 Southern. o f that onttpany la t e m u m o f May, L8$8, anil previouRly.
Railway Company were extended at 5 per sent, oBectiag a saving «a
A-'vt xb Hxtsmr.—Report for 1892, CouoklCLk o t March 25,1893
interest chare- s o f $80,000 per annum; the aggregate reduction o f in- showed the fo llo w in g ;
detest charges amounting to $104,000 am annum. The cost o f the
T o ire iu H n tjlte e .il—
1890.
1891.
1892.
funding o f there. w eum tes, amounting t»$ 1 0 l,U r5 , was m id from cur M lia o perated........................
1.530
1,547
............
rent income. The total amount of Missouri Pacific an*! Iron Mountain Grows earning*........................ $10,359,173 $11,581,034 $11,689,780
securities funded front 7 and 8 per cent Into 5 percent bonds during
$3,877,034 $3,280,327
kite past two years .Muuuut* to $112173,000, effecting an annual re Net earning* .......................... $3,889,487
27,356
20,413
32,511
el action In infer* : charge* o f $291,000/' Advance, by directors Dee. Other receipts........................
131, 1892, were $ t, 100,658. The first OoUateml bond* of i tael ;u
Total net income............... $3,916,843
$3,897,447
$3,321,838
■creased $2,636,000 in year 1892.
$2,271,471
$2,259,103
EaAsfVG*.—Gross earning* o f Mo, Pacific and fit. L. I. H. 4 So. com Interest on bond*................... $2,414,506
798.979
1,586,229
977,535
bined for the sumth o f Jan. in 1893, $2,191,528, against $2,087,979 In Taxes, bridge exp., rent’ !-. Ac,
Dividend*................................
773.294
1892; net, *507.501. against $491,692.
A s v r m . R*:h,nf.—The Usea! year ends Dec. 31 Annual meeting is
def, $69,938 sur. #39,747 sur. $85,200
Balance for y e a r .........
h e U at St. Louis in March. The annual report at Missouri Pacific fo r
1992 was in the < ttttogfciA <*f March 23, ls93. The earnings o f alt - ( V , 53, p. 174; V. 54, p. 4 42, 762; V, 53, p. 100, 551; V. 56, p. 463.)
lln m operate*! hav e been a » follow s:
M o b ile Ac I t l r m i n z l i u i n . — See Map East Tennessee Virginia <t
tifn rjm i -M oliiio to Marion Junction, Ala., on the East Tennessee VlrA ll lines—
1889.
1890.
1891.
1892.
inia A Georgia Road, about 147 mites; trackage to Mobile and Selma,
A t . mile* open'd
5,019
5,109
5,293
.......
7 miles; opened In July. 1888. Abstract of mortgage V. 45, n. 274,
Total earnings.,. $2;s, 193,167 $25,370,341 $25,91*.106 $27,700,993
Total expense*
15.532.983
I “ ,002,729
18.495.337
20,100,2:19 K*t»t Teniic— Virginia A Georgia owns a Majority o f the stock and
guarantees principal and interest o f first mortgage, in June, 1892, the
Barplm ©arti'g* $74160,564 $7,367,615
$7,422,740
$7,600,753 East Tennessee having gone Into receiver's hands, Mr. T. 0. Mush, was
f iP O lr " ■
■
da* July 1,189
•Ratio op. ©xpeu's
to gross ©arn’g* 60-12 p. « .
7090 p. e.
71’36p. e,
........... 5 *. p. 2 1 ,5*1. Stock, $3,000,000 (par, $100*. In year ending June 30,
For the Missouri Pacino proper and branches (3,191 mile*), nut ln- 1892, gross receipts, $274,664, against $280,714 in 1890-91, falling off
■altiding Iroc Mountain and other auxiliaries, the report was as follow*, being due to depression throughout the South, In 1880-90 net, $61,199;
.Icficlt. $100,302, against $130,350
th e Item o f taxes, rentals, etc.," In 1891 being explained In a foot-note. interest, $150,000: taxes, $u,362;p. 21,59.)
for 1888-80. (V. 51, p 612; V. 05,
Tatar ending Dee. 31—
1890.
1891.
1892.
M o b ile A G ir a r d . —Own* from Oolmnbu*. 6 a . to Scaright, Ala,,
M ile* operafed December 31......
3,145
3,191
3,191 122 miles. A receiver was appointed on Nov. 11, 1892. See Central of
Passenger earning*.....................$3,712,808 $2,063,799 *2,641.084 Georgia respccsing proposed reorganisation and consolidation.
F re ig h t....................................... 9,174,427
------------ ------------9,866,315 10,301.203
June 1,
M ail, express and miscellaneous., 1,569,294
1,091,964
1,712,111 I. Lb 1 »B.—From$816,200 1886. teased to Central o f Georgia (which July
1892, owned
stock) for 99 year-, wltha guaranty of 1% per
cent per annum on $173,400 stock. Sto ck .—Common stock, $1,251,T otal earnings..................... $13,506,329 $13,221,097 $14.055,000
208; preferred *to*-k,8U,344, and $2,530 Pike Count y stock; par, $100.
Total operatingexpense**-........ 10,221.700
9.920,148 10,837,723
Bost/s.-TbotU'-t mortgage tioads, of which $200,000 are Os and $800.S e t earnings............................... $3,281,823
$3,300,049 $3,817,275 000 4s, are guaranteed, principal and interest- Consol*, a t $12,000 per
mile f'lr extensions were authorised, the total issue not to exceed
iJHrtdentte,interest, Ac.. received. 2,223,951
834,054
604,287
$4,000,000. Til© Central Of Georgia owns the $590,000 consols i.-auisi.
E»BM.«rs*.—In 1890-91
earning*, $205,145: not.
Total net Income— .........
$5,503,774 $3,935,003 $4,481,562 1889-90 gross, $274,002: gross $68,017, against $93,504 $4,815. In
net,
in 1888-80.
ffoterest on b o n d s .................... $2,598,143 $2,776,580 $2,734,850 Payments due by lessee In year 1892-93: Interest, $74,300; rent,
Dividend*..
.. ........................ 1,823,498
1,422.630
.............. 419.140; total, 093,446. See earnings for portion of 1892 under
T axes, rentals, A c ..............
38,0,187 11,024,796
1,028,095 Central o f Georgia.
M
Owns from Mobile, Ala., to Colum
Total disbursements.............. $5,009,828 $6,024,235 $3,702,945 bus, o b ile Ac O h io .—fSee ifn p .)—
Ky.,
miles, proprietary Une, Kentucky
Tounoasco Railroad
Raiaiue for year......................... * $495,946 —$2,089,232 -$710,617 to Cairo, 472 m iles. aLw* branches to Stark Vi ife,A Ac., 34 miles; total
21
t This item is marie up as follows : Interest and exchange, $194,231; owned, 527 m ite*; leases 8L Louis A Cairo (which see), Cairo to St. L.,
•discount and premium, $?67,003; extending second mortgage Imnds, 152 miles, and track to Miltetadt. 9 miles; total operated. 687 miles.
$128,650; tuxes, $3«7,4. 6; Western Association expenses, $27,773;
t
lltsro n r, Et c .— Chartered In 1010, main Une opened in 1861, reor
rentals, $139,662; total, $1,824,795.
ganised in 1879 without- foreclosure.
-■V. 3 S p. ? » , 4 12, 481s v, 56, p. 463).
.
L a s iw .—L ands June 3 0 .1892, were 614,58 4 acres, valued at $318,842.
Sto c k . Stock authorized. $10,000,000; outetanding, $5,320,600;
N l w e a r l P a c ific I n t e r n —<H, L e a l s I r o n
T lo o n t n ln A
S o n tb e r w .—(jwits hi. Lo ud to Texarkana, Texas Une, 4(6) miles; par, $100. Tho a-sonted stockhohlera claim that the holders o f old
'branches b* Belmont, Mb,, Bird’s Point, Mo. (Cairo), Camden, A.rk,, debentures, having accepted mortgage bond* fo r their holdings (ex
Helens, Ark.,< *,*s|jiiiun. Ark , Arkansas City, Ark.. Warren, Ark., Mem cept $63,000 which they offer to pay off), should no longer control tho
f hi*,Tenn.. Ac., 714 miles; total owned January 1, 1803, 1,237 miles. company by the voting trust. The question at issue is one of law and
.
L e a s e L illis Keek A Fort.Smith and Little Buck.Junction railroad*. decision la pending. 800 V. 51, )> 329, 683, 762. 800. 1035.
Bogus.—under the general mortgage of 1888 (trustee, Farmers’ Loan
172 Mites-, Rnnsa* * Arkansas Valley RE., (.70 tulles. Houston Central
Arkansas A, Northern. Railway, .McGohcc, Ark., to Alexandria, La.. A Trust Co.) there can lie no foreclosure till four coupon* are In default.
Of the $10,500,000 authorized there have been canceled by sinking
490 miles. Total opexated January 1, 1893, 1,770 miles.
Sto c k .—Stock *35.788,925. of which $25,716,10*5 July 4, 1892, was fund $64.0,500, there are held to exchange for debenture* not exchanged
$10,570, and the company holds in reserve in lt« treasury $1,899,500,
djf*‘l by the Ml'-uurl Paclilc Railway, most o f it having been retired in
In fiscal year 1891-92 $175,000 general mortgage bonds
M m , 1-881. by the issue of three shares o f Missouri Pacific stock for four $119,000 canceled. 800 mort.gag© abstract, V. 47, p. 83. wore sold and
of Iron MmiMam.
Ea b n ik o a —For six months ending December 31 earnings were aa
tejffim.—'Tn*- sail s of land in Arkansas for 1891 were. 39,361 acres at below, result* In 1892 being materially affected by serious Hoods, oto.
•f2’83 per acre, the total sales including town lot* lining $168,340 - In July l to Dec, I I I —
,
tiros*.
Set.
Interest, etc, Bul.,surp
Missouri a- 5.730 acrej* for $2’ <9 per acre, th>* total sales including 1892............
$1,685,830
$590,682
$516,511
$71,171
•t*wn lots being $16,(KM; from Little Rock A Fort Smith Railroad grant 1801 ........................ 1,793,703
663,004
511,870
151,815
f
INVESTORS’ SUPPLEMENT.
&.*»u in u n tV ^ ^
[VOL. L ' I.
M arch
1898. J
RAILROAD STOCKS
AKD BONDS.
01
*>ub*i fib e r * w ill c o n fe r a g re a t fa v o r by g iv in g im m e d ia te n o tice o f a n y e r r o r d isco v ered in th e se T a b le s .
Bonds—PrinoiIN TE R E S T OR DIVIDENDS.
.
_ _ ------------—
--------------------- - M iles ' Date ! Sire, or
Amount
For explanation o f column heading*, Ac., see notes o f
of
Par
Outstanding Rat# per When 'Where Payable, and by ’ Stocks—Last
on flrst page o f tables.
j Road. Bonds Value.
Cent. Payable
Whom,
Dividend.
.
Monterey t Hex.
M. $25,000 per ra., g.t'"
Monigom <t Eufauta—1st, s. f.. $15,000 not dr*n , v
Mont. Tuse. t Mem.—1st 51.. $18,000 per m .,gold.c
Morgan's La. t Tex.—IstM . CS. 0. to Morgan City)c‘
1st mortgage, Alexandria Extension, gold..........
N. O. Opel. & <3t. West, b s. ex. In ’ 89 (assumed).
M orris t Essex—Stock. 7 p. e. guar. D. I * & W .......
1st mortgage, staking fund..................... ............
Convertible bonds............ ....................................
Gen. M. A 1st on Boonton Br. Ac. (guar. ii.L .t'V .i
Consol. M. (for $25,000,000) guar. t>. L A W . r a
Special real estate bonds...... . ............................
Morris A Essex Extension stock, guar. 4 percent.
M orrisloirn t Cum. Gap—1st M.,$25,000p.m., irld.i"
Sathua <r Zencell—Stoek.9 p.c. rental,92 yrs. B.A-M.
Bond* not mortgage, gold................................ ..
Do
do
gold....................................
MasheUU Chattanooga it- St. Louis—Stock:.,...........
1st mortgage tfor $6,300,000).....................e »* r !
2d mortgage, gold or silver............................ e*.tr
1st M. on Payette, and MeMubrs. ($6,000 p.m.)c *Ar;
1st mortgage on Lebanon Branch............. ...<■•
1st if. on Jasper Br. ($90,000 are 8s, due 190t>V
1st mortgage on Cenireviile Branch, gold___ eftvr
1K M. on Tracy City Br, (Tenn. C. & I. K l U . c t r
1st M. on Bon A ir Br., red, at par oft. July ’97.... e '
Consol. M. <$20.000,i«Wi.$20,000 p .m .,gold...cDuek R iver RR. 1st M.. **s,000 p. ni.. a-.-mned.c2d mortgage, assumed................... .
......... e*
Mashrilte <f litm tu t— Stock, guar. 6 p. e. by L. A N,
1st m ore, guar., s. t. ($200,000 how in sink. fd,>
Math. Her. t Sheff.—1st if . ($2,500,000), gold, git c:
Masheille * K n o re M e -i-x omrt. for$2.(Vwi.<m>>
$1,000
1.000
1.000
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1.000
1.000
1.000
1.000
,500 Ac.
1.000
25
1,000
1.000
1.000
$9,727,000
5 g. M. A V. Nov.,*<n,eoup.last paid. Nov. 1, 1938
6
J. A J. if. Y „ Security A Tr. Co. July 1 , 1909
1.500.000
8*14,000
6 g. J. A J . J uly,’91, coup last paid. July 1, 1929
5.000.
000 7
A. A O. X.T.,S.Piie.Co.,23Broad Apr. 1, 1918
1.494.000 I
do
do
July 1, 1920
6 g- J- A j.:
5
.A. A O .
249,002
do
do
Apr. 1, 1899
7
15.000.
000per an. J. A J. N. Y., Del. Lack. A West. Jan. 2, 1893
5.000.
000 7
M. & N
do
do
May 1, 1914
do
do
7
J. A J.
281,000
Jan. 1, 1900
4.991.000
do
do
7
A. A O.
Oct, 1, 1901
do
do
7
J. A- D.
12,151,000 i
Jane 1 , 1915
do
do
.
2.795.000 4% & 5
Various.
221,000 4 per an. >1. A N
Nov., 1892
do
do
1.000.
000 0 g. J. A J.
Jan. 1, 1921
800,000 9 per an. M. A N. Nashua, 2d Nat. Bank, Nov. 1, 1892
200,000
do
do
6 g. F. A A.
Aug. 1, 1893
10*1,000
do
do
5 g. J. A J.
July 1, 1900
10.000.000 5 per an. Q. —F. New York A Nashville. Feb. 1, 1S93
6.300.000
7
|J^ A J. .N.Y.. Continental N. Bk. July 1, 1913
1, 000,000
do
6
:j . A J,
do
Jan. 1, 1901
750,00*)
do
do
6
;J. A J.
Jan. 1, 1917
300.000
do
8
J.
do
O ct 1, 1917
461.000 6 g. A 8 J.
do
do
Jan.,1906A’ 23
376.000
6 ,1 .
do
■lo
Jan. 1, 1923
560.000
do
!J.
do
Jim .l891to’ 17
130.000 1
6
do
do
July 1, 1917
i
do
4.696.000
do
Apr. 1, 1928
86,000
e l l J,
do
do
Jan. 1, 1896
ISL
24,000
do
do
6 gNov. 1 , 1909
Nashville,
2,265,582 ;tiper an. J.
Dec. 6, 1892
2.100.000 ;
7
j.
N. Y „ 120 Broadway. July 1, 1900
5 g, P.
2,006,000
N. ¥. and Louisville.
A )V
,81937
1,170,000 !
6
il.
N. Y ., Mercantile Tr. Co.
A s-sru. RxniBT.—Fiscal year ends June 30. Report for year 1891-92
N a s h v ille C lis U a n t io s * A x t. L o u t s .—(See Map.)—Owns from
in Y. 55. p. 764, a follow s:
**
Chattanooga, Tenn.. to Hictcnuui. Ky.. 320 miles; branches to Lebanon.
Ac., 352 mile*; teases Western A Atlantic, Chattanooga,Tenn.. to At*
1888-88.
1889-90.
189(M)I.
1891 92.
L is mile*; total operatoil June 30, 1392, 810 miles. In
Total gre-» famine' 82 ,8 s 1,473 $3,173,431 $3,559,! 38 $3,143,760 lanta. G
Net earnings
..... #934,780 $1,070,918 *1,215.712 $1,086,293 November, 139-.'. be.-an op**ratlng also the Tennessee A Coosa RR.,
Interest and rentals
709.SWH
954,329
1,03.8,261 1,044,131 tV jc th fitv to Gadsden, 37 miles. A oonuectiiii link o f about 48 mile*
between Huntsville on N. C. A 8t, L. and IVyet * City is under construeSurplus.................. $224,873
$116,589
$157,448
$12.1*52 U»u. In K*'U„ 1893. purchased 17 miles o f road, extending the Centre*
There -tumid be added to the 892.(62 surplus as above In 1891-92 the vote Branch to Allen'* Crock, Tenn. The Western A Atlantic Is leased
balance on bond June 30, 1*91, $17,415, itiul proceeds of bonds and for 29 years from December 2 7 .1890. at $420,012 per annum.
stock sold, making $ 2 0 6 ,4 8 7 expended for new equipment and addi
8Ti» !w A majority o f the stock C$5,077,500) la owned by the Lonls*
tion* to property, $218,070; balance, tb-iioR. $ U J 8 3 .
villi* A Nashville, and pledged for Its unified mortgage, etc.
- I V . 58, p 185. 5 8 4 .6 0 1 ; V. 54. n. 78. 366. 276. 328, 688, 768, 800;
tNcnuksiMslnee 1380-In 1831.3; In 1932, It s ; In 1883 and 1884,
V '
243, 704. 1035; V
~ 55, p. 2 33 . 253, 7 « 4 . 1035; V. 56, p. 200.)
2 ; in 19-5. nit, in 1886, l ; in 1987,4; in 1988,4**; In 1889,5; In
1800,5; in 1991. 5; In 1902, 5; 1 1 1-93, Feb.. 1 M percent.
1
J l o h s u k A ' I a lo w * .—O w n s fro m H e r k im e r , N. Y „ o n the S'. Y
-CentraT* main line northerly to Malone, on th» Central Vermont 177
Bosom -The Tracy P ity branch 0* fall due $20,000 yearly on Jan. 1,
m ile * . C o m p le te d in N o v e m b e r , 1 8 8 2 . 'Stum fo r m e r ly A d ir o n d a c k a
1394. to 1916 inclusive, and $100,000 on Jan. 1, 1917.
8 t 'IMmeme*. F u rn is h e s a c c e s s t o h e a r t o f A d ir o n d a c k * a n fl fo r m s
Of the consoHdatcd mortgage o f 1-93 (United States Trust Oo„ trus
link in a n # « through lin e fr o m N e w York City to Montreal. ' O n April tee), $10,807,000 bond* were reserved to retire all prior bonds.
19, 1:803, S. Y C e n tr a l s to c k h o ld e rs *vU! v o t e o n * p tb p o s iU n n to lease
(•kansnxi. F isvkck * . —I n May, 1391, $500,000 mlditlonal first eont h is to a d a n d g u a r a n te e it * « r * t man g a g e bonds, v . Y . C e n t r a l w ill
solldafcd mortgage 5 )w r cent gold bends were is*nod to acquire new
o w n tin- .r o c k
read, e tc , making the total amount listed $8,847,000; in June
M o n t e r e y A M e x i c a n G o l f . — Owns toad completed tn August, $W0,0oti more to ncaplre tke Tenn. A Coosa R R „ 37 miles in operation;
1891, from V.-naiUto (OB she Mexican International Railroad* via In Dm-crober *300.00*) on extension thereof, etc., and in February,
Monterey to Tampico, on the Gulf, about 3JM mite*. am V. 84, p. <
>
mu
1993. an additional $240,000, mostly for 17 mtlea extension o f Centro*
-On April 23, 1892, J. Robertson wit» appointed receiver In Mr-xlm In vflle B n iM k
March, 1993. extension was reported in pro/res* from Trevino toward
Bills payable were # i ,546,344 on July 1, 1392, against $3,164,138
Sierra Mojada. the S ilverregio n o f COahttl*. (See V. 54, p. 6 4 3 ; V. July 1. 18(11. As off*-1* W e r e held $1,057,000 Louisville A Nashville
5ft. p. 783; V. 56, p. 103,j The Central Trust Company o f New York In uulfii d 4s, etc. See full statement in CHROYtflbE o f Sept. 2 1, 1892.
trustee o f the mortgage. Mexico give* this road » subsidy of $ 14,222
L v t )> r K u ixino s From July 1. 1992, to Feb. 28. 1903 (3 months),
per mile lo 6 per cent silver bonds, d o c k $100,000,
In. 1802 gross canning* were $768,058. against $883,162 in b » l . grow s;i.510,687, against #,70 3.7 22 ; net, $1,393,886, against
*,
In 1890 on 242 miles gross earning* were $420,867; net. $284,018. #1,445,471; interest, rental*. •■ . $9*5,688, against #1,009,237: bal
General Trevino, President. Mexico; T, S. Bullock. Vice-President. 40 ance. surplus, $109,237, against $430,231.
W all Street, New York. , V, 54, p. 643. 961; V ft,5, p. 765 ; V. 56, p
Am ou r. B r p o r t .—Fiscal year ends June 30. The report for 1891-92
463.)
was riven at much length tn CHKO.vfCl* V. SB, p. 502, $04, too West
M o n t g o m e r y A K u f a t ila . —Owus Montgomery to Rufaula, Ala., ern A Atluntb- twiug Included for the first tint in 1991 92.
1« r r end* June an.
1888-88.
1899-90.
1890-91.
1891-92.
SOmlte* f k n o b w ii May 1,1879, and re-organired. Operated Binder
852
632
632
810
contract by Central o f Georgia, which guarantee* the principal and Mileage end o f year.......
Interest of the bond*. Stock 1* $620,000, all owned by Central Railroad Cross earning*..................$3,300,165 $3,550,460 $3,843,304 $5,353,288
Net Income. ................. 1.348.721 1.430,414 1.657,063 2.060,893
« f Georgia. In year ending June 3 0.1 991. gross earnings. #307,413;
Inter--: on debt and Ukxe* $869,686
*873.388 .*914,799 $950,515
net. $;>8,553, interest and sinking fund, $ 10ft,600. In 1-s‘ MW
...
420,012
$364,100; » « , *12$,73t. See earning* and reorganization plan under Rental W. A A. R R ......
Dividends....................... (5)333,420 (5)333,427 <5)333,427 (5)500,000
Central of Os. Interest due Jab. J, 1893, was paid in February, 1803.
Improvements................
60.903
85,881
142,617
118,111
k s M g o m r r ; T » » c a l « » » a A .M e m p h is ,—Projected from Montornery, Ala., on the Alabama Midland, to CobuBbib. Mb*.. 175 rath- Balance, surpiua..............
$84,606
$137,718 $266,220 $72,253
0 May, 1892, graded nearly to Tuscaloosa, AJ*„ about, too mile*.
A* to talked o f arrangement with Mobile A Ofcto. see V. 55, p. 765 - ( V . 53, p.21.95. 4 0 6 ; V, 55, p. 22, .502, SO I ; V, 56, p. 331.)
N a s h v ille A O c c a m r .—fSee Map Loniseille .( SathmUe.,)—Owns
S to c k antborixed—corntnon, $ 1 ,1 9 0 ,0 0 0 ; prof., $1,150,000: par, f i o o .
from Nashville, Toon., to Decatur. Ala., 118 mile*. The road was loosed
.M o rg a n 's l.o u is ia n a * T e x a s U a l l r o a d A S t c a m s b lp C o m - May 4 , 1.-7I, to the Louisville A Nashville Railroad for 30 years from
p a n y ,— See Map of Southern Pcieiflr.}—U t it it i- Own* from New ftp- July l , 1872, at n rental o f 0 per-cent p-r annum on the stock. The
SWM to COmneiMflle, 204 miles; branches, 8ft miles; trackage Ciiener- lessee assumed all the debt and o wns $823,300 o f its stock. In 1890-91
riile to Alexandria, 24 m iies; total, 2.83 miles,
gross earning*. #1.491,782; net. $306,897.
r “ clJk‘
» « Jan. 1 ,1892, held
N a s h v ille F lo r e n c e A k h e fllc id ,—f See Map LouiseUte. it Hash$14,904,000 o f the $15,000,000 stock and operated road under Icaw. r « e ,J —Own* from Columbia, Twin., to Florence, Ala., 79 miles, with
The lessee pays all charges and *l«o 2 3 t«-r cent, of the net prom - under branch Iron City, Tenn.. to Pinckney, Tenn., 12 miles, and bus trackage,
the ••omnibus lease." Company has 19 iron steamship*, of which 13 Florence to Sheffield (Memphis A Charleston Railroad), 3 m iles; oper
were owned, plying between New York and Sew Orleans and between ates Napier branch, 11 m iles; total, 105 miles. Operated by Lonfavllle
Sw oJR S& .;
*b *rv «> .'»*re b o n s «». and on Jan. 1, 1*92, owned & Nashville, which company guarantees the principal and Interest of
$3,980,000 stock o f tie- Houston A Texas Central tall way Company, Ac. the bonds by endorse,ment, and owns #729, too o f the stock, par $100.
lfe p J fc b ta O T 1 t.. January 31, 1893 H month), grow eanilura were In 1890-91 gross earning* were $230,058; net, $31,193; taxes, *6,201:
522,423, against $473,998 In 1892; net, *153M O . againat #129,143. Interest, etc., *101,009; defleit,$76,018. (V. S3, p. 783.)
»'.,7 4 ).3 2 I; net, *1,372.388. In 1*01, gross,
N a s h v ille A K n o x v illn . —Owns from Lebanon to 6 miles beyond
*5,688,432 ; net, *1 ,523,530; surplus over charges, *753,012; net Cookvilie, 65 mile*, and branch to Carthage. Tenu., 8 miles. Extension
ftrofits dne *otnpany under lense to Southero Padflc, *558,441.
under construction. Stock, authorized. $500,000; outstanding, $373,450; par, $100. Trustee o f mortgage. Mercantile Trust Co. of New
, M o r r is *
Map o f Delaware Laekmrann <* Western.)— York- In year ending June 30,1892, gross earnings w ere$71,890; net,
O w n s fro m H o b o k e n , N . J., to F h lU ip a b ttrg , N . J „ 98 rnlle*, b ra n ch ,
ItenvUle, N J „ v ia M o rris A E s s e x T u n n e l, to H o b o k e n . X . J ., 3 5 m ile s : $23,330; interest mi bonds, $54,900.
N a u g a tu c k ,—Own* from Naugatuck Junction, to Winsted, Conn.,
lea se s 16 m ile s ; t o ta l o p e r a te d , 130 m iles , in 186$ le a s e d in pc^
y to t o e O e io w a r e L o o k a w i t M A W e stern R B „ th e le s se es assttm- 56'a miles; leased, Watertown A waterbm y Railroad, 4 *s miles; total
liabiu tle*. and p a y in g 7 p e r c e n t p e r a n n u m o n th e c a p it a l sto ck . operated, 61 tulles. Leased for 99 years from April 1,1887, to New
m m a too a g r e e t o p a y 8 p e r c e n t I n c a s e JO p e r c e n t 1 e a r n e d o n th e York Now Haven A Hartford at $206,000 per year, earnings being in
*
cluded in those o f the lessee. Ill January and February, 1893, atoek**2 5 * t o * 0 * ,>n“ Tmr, Is-esee J u ly l , 1991, h e ld $ 5 0 0 ,0 0 0 stock.
Th.) M om s A Essex j* important to the Delaware Lackawanna A hoid-rs have right to exchange their stock for an equal amount o f tho
western •» » route with tormina] facilities on New York Harbor, but leasee's stock—which see.
toe actual caralngs on the road show a largo annual delicti for the
N< s q n c h o n in g V a lle y . —Owns from Nesquehoning Junction, Pa.,
to Tanu nend, Pa., 17mil* *; Tunnel Branch, IIauto, Pa., to Lunsford, Pa.,
ft
>0 1881. *095.890; In 1992. *'141.550; lnl8S3, 1 mile; total operated, 18 miles. Leased for 999 years to the Lehigh
*1,100,000; in 1895 and 1886, about Coal A Navigation Company. In 1884 the option to imrohaae tho stock
at par and Interest was suspended for 20 yoara, with a guarantee o f 5
per cent per annum on stock.
N e v a d a C e n t r a l. —Battle Mountain to Austin, 94 miles (3 Jt-gnage.)
^
N a s h u a * I.o w w lJ .-O w n s from Itowell, M iss . to Nashua. N. H „
cm October ». I860, aleaso for 99 year- to the Boston A Btoek. $750,000; par, #100. Road sold in foreolnsura June 21, 1887.
Above bonds wore Issned In exohange for $750,000 old firsts. For year
t e £ s c
11‘,t*' 1“
letiso was transferred to Boston A Maine
ending June 30,1892. gross, $30,089; deficit under operating expenses.
m S
s C T
T
» r':r" - '1« f $73,000 i!) porcenton stock)
r a e fiindcd dcbt o f $3*0,000, ponolpal and Interest, is assumed by$10,887. Cross earnings In 1890-91, $33,485; defleit under operating
tbs
expenses, $3,763.
j
?
.1
holds tho lessee’s ootss for the sam© amount
?
f
K
<0
INVESTORS’ SUPPLEMENT.
.
.RAILROAD
M arch , KB»3.J
STOCKS
AND
BONDS.
93
S u b » c rlb e r - w ill c o n fe r a g re a t fa v o r by g iv in g Im m e d ia te n o tice o f a n y e r r o r d isco v ered in tU ese T a b le s .
Bonds—Princi
IN T E R E S T OR DIVIDENDS.
pal,When Due.
Miles Date Sire, or
Amount
Rate per When TO ere Payable, and by Stocks—Last
of
of
Par
l Road. Bonds Value. Outstanding Cent.
Dividend.
Payable
w4pxi'.
on t o t page o f taWes.
Setqvekoniny Vat.—S to c k . 5
p.e. g o . t ilt 1 9 0 4 ...........
Sevula Central.-lex 31. e., in c o m e (s in k in g fund)..
-Vev. S o a / A .-ls t M .,.fl.s 0 0 ,0 0 0 ($ 1 5 ,0 0 0 p .tn .;«., '
55
18
04
6
Sem trk A Btutsan—1st mortgage....... -....... .
44
Vewar* Somerset < StruUsx.—1st M..ext.in S9,
1
geusbwy Ihilchtm «f Caunectieul—Income bom
New Castle <f Bearer Valle]?—Btock..................
15
Jfew Eaten t Derby—See H e w Y o r k N e w H a v e r & Ha
if. Eue.it Xorthu/Hp.—St*k, gu. 99 y ts .S .Y .S .R 4 H .
92
1st m o r t g a g e .............................................................. V
C on sol, s lu t , fu n d # 1 5 ,0 0 0 p e r y e a r n o t d r a w n . c ‘ I i n
27
Northern Extension bonds..............................o '
Bonds mot mortgage) convertible into stock...o'
17
Holy, a v.
,v * * M
..... .-u.j.o*
Hew Jersey Jim c'um —is t. M.,gttar. by N.Y.CenLcAr'
5
34
Sew Jenry <t Sew fo rk —1st M. (reorganization).o'
34
N. J- * N.Y.
1st M., int. t n r . . . .
121
Sew London SortHem—Stock.............
......
121
Consolidated M.. n o * 1st M. ($688,000 are -1*..o'
Sew Orleaut it Xorsh Eastern—Prior lien III., gold.o' 196
196
l o t m o r t g a g e ......................................................
77
66
60
1st inert, fo r $1,000,000. income for live ye ar*...
SewpotiSew* a Mieneriupi Vafiw —Stock....... .
14
A', f . Brooklyn •* Ita i,. Heath—N. Y. & M. B. 1st M..o'
Y. B. A M Is. 1st co)-. M., gold. guar, by
,
bo'
20
Sew Y orkd Canada—i-«t M.*ter.,gi!af.I).AEl.,Can.c' 150
___
Sew York Central d IImhwn H iter—Stock............
Debtcerrifi. -?*■* i v, V Central), gold, ext-lit '99,
$100 $2,000,000 lOperan. J. A J. New Haven, Cfc, Treas.
150,000
do
do
4
J, A D.
1383 IjOOO&o
50
.
1.418,600 5 per an. M, a ,8 Phfla., 2-26 So. Third St.
Ko coupons paid.
5 g. J, A J.
1,000
750,000
1888
1893
See text.
5 g. J. A J. N. Y., Metropolitan Tr.
1,000
1*7 L
1,000
250,000
7
M. A S. N.Y., L. E. A West. ER.
800,000
5 g. M, A X. X. Y ., Union Trust Co.
1869 500 Ac.
When earned.
1,164,500
1877
6
| ......
50
Newcastle, Pa.
700,000 See text.! Q.—J.
,
RXFOE D
2,460,000 See text. A. A O.
New Haven.
100
i .ooo
1809
1,300,000
7
J. A J. N.Har. .N.Tradesm'sBk.
1379
1.000
do
i , 2oo,ooo
6
A. A O.
1,000
do
1881
700,000
5
A. A 0.
do
1880
1,000
700,000
5
J. A J.
do
1370
1,000
260,000
4 A 6 A. A O.
1,000
1,700,000
4
F. A A. X. Y . Cent. A Hud. Riv.
1386
1880 500 Ac.
400,000
6
M. A N. N. Y . Mercantile Tr. Co.
1885 500 Ac.
5
J. A J.
do
do
1830
1885
1881
! S
1891
<*>*>■*
§ }S £
RAILROADS.
100
1,000
1 .0 0 0
1,000
1,000
loo
1877 S00 Ac,
18-35
1.000
1874 AloO A c
DJO
500 »*i\
N evada
. oa th em
h
t t u l i w a y e— L i m
O f B o A B .—C io if* (m iw
B la k e ) in C a lifo r n ia o n A t la n t ic & P a c ific to fl o o d S p rin g s , S e t , 100
m ile * , o f w h ic h 3 0 n o b - to b e c o m p le t e d a n d in o p e r a t io n A p r i l i .
1893, w h en r e m a in d e r w ill b e pu t u n d e r c o n s tr u c tio n . S to c k a u th o r
iz e d , fSf,0<X>,fKM.; par. j l W , M o r t g a g e tru s te e M e tr o p o lit a n T r u s t C o.
o f f f . V . -e-i.',<»,<)«*} b om b ) w ill b e Issued a b o u t A p r i l 1. 1893, w h en Brat
•3 0 m ile s a w c o m p e t e d , I s a a c E . B la k e , P r e a ia e n t , D e n v e r , C o l.— ( V ,
56, | . 464.)
>
N e w a r k A f i n d s o n .—Own* from Bergen Junction to Newark. N.
J.. 6 niiie.r. L, . -.d t o New York Lake Erie A Western a t » rental of
317.500 per annum. Erie pay* interest on bond* and Include* earning*
In i t * o w n » t s t » a i w » t » . S to ck , $ 2 5 0 ,0 0 0 : p a r , $ 100. in y e a r e n d in g
S e p t. 30 , lS h l. » • - * e a r n in g * , $8-4,327; n e t, 8 6 .8 5 0 ; d c r ic it u n d e r
in t e r e s t, $1 0,650 . C o r tla n d t P a r k e r, P re s id e n t, N e w a r k . Jf. J.
N e w a r k S o m e r s e t A M r » l i u l l l e — O w n * fr o m N e w a r k , 0 . . t o
B b a w n c v .O ™ 44 m ile * ; b r a n c h 3 m ile *, la -u -rd t « B . A O . t il!N O T . 1. 1029
(w it h right t v p e r p e tu a l r e n e w a l a t K. A O ’ * o p tio n ) a t 3 0 p e r e m it o f
g r iw * e a r n in g * and a m in im u m r e n ta l o f * 4 0 ,0 0 0 .in te r e s t o n d e b t ).
S to c k , co m m o n #7 9 5 ,6 0 0 , a n d p r e fe r r e d , # 2 3 0 ,9 0 0 (p a r b o m , $50'..
f
1,500,000
1,*220,000
5,000,000
See text.
200,000
ill
13,679.000
500,000
Jan., 1893
June 1, 1913
Sept. 1, 1892
July 2, 1938
Jan. 1, 1923
sept, l , 1901
Nov. 1, 1929
June 1, 1977
April, 1893
Jam, 1893
Jan., 1899
Apr. 1, 1909
Apr. 1, 1911
July 1, 1896
Apr.’98A1911
Feb. 1, 1986
May 1, 1910
Jan. 1, 198e
April, 1893
N ew London, Office.
8 per an. Q.—J.
4 A 5 J. A J. X. Y.. Bk. o f No. Amer, July 1, 1916
6 g. A. A 0. X. 5'.. Central Trust Co. Nov. 1, 1915
6
J. & J. X.Y.. Midler. SeliallACo. Jan., 1911
Jan. 1. 1940
5 g. J. A J.
In default.
Oct., 1931
5 g. A. A 0. N ew York Agency.
1931
6
(I)
7
J, A J. N. Y., Corbin Bank'g Co.
do
do
883.000
5 K A. A O.
.
4,000.000
6 g. M. A X. l.oudon, Baring Bros.
89,428,300 See text. Q.—J. N. Y „ Hr. Cent'l Depot.
«1a
do
«.WM'WW>
t e. M & N.
.
Jam
Oct.
May
Apr.
Muv
1,
1.
1,
15,
1,
1897
1935
1904
1893
1905
From July l . 1892, t o D e e , 3 1 .1 8 9 2 <<( month** g ro ss e a r n in g * w e r e
> 7 2 ; ; , ngai i t et $ 4 $ 6 .8 7 « ]n l '9 1 : o e t . $ l 2 4 . « 1 0 . a g a in s t $ 1 7 1 ,4 6 6 in
1*91,
in y e a r e n d in g J u n e 30 , 1 0 2 , gru *s ••am liurs w e r e $ 1 ,2 9 0 ,6 2 6 ;
n et, # 2 7 3 ,4 4 3 : in te r e s t <!«—
c r e d it - , $ 3 ,4 0 4 * $ 3 6 3 ,7 9 0 ; b a la n c e ,
d e n . It. .#90,3.53. ill 1 8 9 0 9 1 .rl,1 3 > ,5 2 9 ; net, $2 64 ,34 0. V.53, p .2 8 9 ;
V . 55 . p. 5 4 3 ; V . 5 0 . p. 33 2 .)
N ew - O r le a n s A
N o r t U w e a t e r i u — O w n s fr o m N atelM W , M is s .,
to R a v r i f l e . L a ., 7 7 m ile s . P r o j i s i c d to L i t t l e R o c k , A rk . S to c k ,
p a id (u, * 1.500,000. p u r * 100 . B o n d s fo r * 1 , 500.0(H ) a r c h y p o th e c a te d
f o r lo a n s
in A u g u s t, 1891, r e c e iv e r - w o re A p p o in te d a nil $ 3 0 0 ,0 0 0
r e c e i v e r * ' i-ortilb'-vto* w e r e a u th o r iz e d fo r r e p a ir * , etc. S id e r e c e i v e r
is a n * I . K . H y d e o f T lt t is v iU e , Pa. I t 1* *a ld file r e c e iv e r w i l l c o m pin t# Hit- ro a d fr e m Ru> vvilc t o C o lU n - o n th e M o . P e c ., r e c e i v e r '* eerUtii-ut—' h a v in g b w n a u t lm r lw d tb e r e fu r. In y e a r 1891-92 g r o s s e a r n
in g * , # 1 7 .3 3 9 ; net o v e r c ip c t e - r .i a n d ta x i;* , $ 1 1 ,0 4 4 . IV. IS. J e n k in s ,
U e a v r a t M a n a g e r , N a t c h e * , M iss.
N o w o r l e a n * A S o u t h e r n . — N e w O r le a n s vo u th a lo n g th e M lw ia *ippt R iver to Ijrilirim «. w ith ■ brunch, OBtulles in a il. sneemsor to th e
>
N e w O r ic a u * A O u lf. s o ld in f.irc c In s u re M a rc h 5, 1891. S e e V . 52 p.
rO.'.BftO of the first and $191,850 of the latter ludng owned by the 891; V. 53. P, 15*1. .Stock, *200.000; m*r $100,
aftimtire & Ohio. F lo a t in g debt July t, 1891. $653,803. In 185)1-92
iu 1 *9 2 gr.HW e a r n in g * w e re '1 4 8 .1 5 0 ; n e t. $ 5 ,5 8 3 , a g a in s t $ 9 ,4 8 2
gross i»arntBg». $149.978; deficit under operating expense*, $10,627, in 1891. (V . 51. p. 4 9 1; V . 52, p, 3 9 1 : V . 33, p , 150.1
against net tn 1891 of #2,116.
N e w p o r t N e w * A B l m l n i p p i V a lle y , —Om;vkrr.ATiON.—InS e w l m r » n t i t c l a e * * A C o n n e c t i c u t . —O w n s fr o m D u tch ess e n rp o r a te d under th e law - o f C o n n e c tic u t a n d o p e r a t e s underlease
J u n ctio n , N. Y „ t o M M e r to n . N . Y ., 59 m ile *.
B s o r g a n U e d a ft e r th e C h e s a p e a k e O h io A H o u th w e -te rn H K „ tmuisvlue, K y „ t o M e m p h is ,
fo r e c lo s u r e in J a n u a r y , 1377.
fn a d d itio n
to a b o v e
In co m e *
th e r e a r e $ 1 5 0 ,0 0 0 1st m o r tg a g e 7a, lin e in 1907. $ 1 5 ,IKK) o f 5 | «
c e n t m o r t g a g e r u d e - d u e $ 1 0 ,0 0 0 y e a r ly , J a n . 1, 1894, t o 1.897, a n d
$ 1 0 ,0 0 0 b ill* i«4 ya b le . In y e a r e n d in g J u n o 3 0 ,1 9 0 2 , cru s* e a r n in g *
w e r e $ 1 7 3 ,5 0 5 , a g a in s t $ 1 7 5 ,9 0 9 in 1800-91 n et. $ 4 1 ,1 2 8 : Stirploa
o v e r c h a rg e s , $ 1 7 ,5 9 7 , a g a in s t $ 8 ,9 6 4 iit
1890-91. rim c o m m o n
s to c k is * R w ,0 0 O a m i p r e fe r r e d s to c k $ 5 6 7 ,4 6 0 ; p a r $ 5 0 . J o h n S.
S c h u ltz s . P t , -..le n t, 59 W a ll S t r e e t , N . Y . (V. 5 3 ,p . 6 0 3 , V . 55 . p. 3 7 1 . )
N e w < a * t le A B r a v e r V a lle y . —Own* from Homewood, P i., to
N c » <\i-t ••. P » . . 15 ti.lies. L e a s e d 1.. pitttshurv Fort W a y n e A ( 't i i r . i . o
Railroad for 9b year* ai a rental of 40 per rent of gross earning-, and
tease
»}' Peitnsyivauiw Colt.puny. Dividends since 18*3
have been—m 1884. 19 per cent; in .1885,10 percent; in 1886 mid
1887, dporceart
; to 1.883 and i 989, to .per cent each: in 1890,11;
ta 1891, dote: In 1 1 2 6; in 1*9 * ....... i 4
88,
April. 14j p. e. quar
terly, Rental it. 1 8 0 2 won#83.41i. O n * earning* in 1891, $169,086;
n e t. $59,297; rental, received $67,62$,against $108,721 in 1890; U
hm
to i.-wsee, $-8,320.
T e u o .,a n d b ra n c h , 3 » 9 m ile * ; s u b s id ia r y H u e*. 16 m ile * .
T h e C. 0 .
A 9. W . c o n tr o ls U ie O h io V a lle y , H o p k in s v ille , v ia P r in c e t o n ,t o E v u n «v tllev A c * 1*30 m ile * , a n d t h e O w e n s b o r o F u ll - at R o u g h A Green B i v o r
K B ., 42 m ile s , s e e C beo. 0 . A 8, w .
8*;i r u m * -. E t c . —J u ly 1, 1 8 92 . •m in p an y o w n e d $ 3 ,6 0 8 ,7 0 0 C hesap ,- .ik e O h lo A 8 o tit h n <->t«ni c o m m o n a n d $ 3 ,5 1 1 .6 0 0 p r e fe r r e d s to c k , a n d
t h e r e w a * du e fr o m c lie s . O h io A - I V . , - jio r lw iliim i* slie et. # 1 ,3 9 9 ,7 0 0 .
In Fob., 92. t h e l e w a n d s to c k o f thu B U zu iH ith to w u Iswinginu A Big
H an dy w e r e t r a n s fe r r e d t o thu l V - » . A O h io. C e n tr a l P a e lK e o w n *
# 1 ,6 9 0 .0 0 0 o f th e -tu ck. L o a n * a m i b ill? p a y a b le w e r e # 8 1 8 ,1 3 5 J u ly
1, 1802. o ffic e s . N o . 23 B r o a d (street a m t N e w H a v e n , C on n .
N ew Y o r k B r o o k ly n A M a n h a t t a n B e a c h .—From Fresh
Pond Junction to Manhattan Beach, and branches t o Buy R id g e a n d
UrecDMtnt, 2 0 m ile *. T i l l * w a s a consolidation A u g u s t 27, 1865.
L e «.o j f « r 99
tr* from May 1, 1882, to Che Isiug Island HR. Co. as
35 tw r c e n t o f gross m ir a m * * bu t tin- rental guaranteed to lie a t le a s t
#95,990 in v e i l year; 1-t coiisoHliuied bonds ,ive en d o rse d by Long
l-lum! RaUruatl o n application,
stock i* $350,000 c o m m o n and
N e w f i n v e i l A D e r b y S e e N e w Y o r k N e w H a v e n A I f AST.
$ 0 5 0 ,0 0 0 non a u iii•dative preferred (pur, $ 1 0 0 ). 1)1vldeuds o n p r e fe r r e d
N ew
H aven A
N o r t h a m p t o n . —O p e r a t e * fr o m N e w H a v e n , from I860 to 1891. both Inclusive. 5 percent per annum, paid semi
O stm ., to C o n w a y J u n c tio n , M a e * ., 1)5 m i l e s ; b ru n ch es— T o W ilSiiiu i*- annually, A p r il and October, b y U m g Island itm lr o u d C o m p a n y . T h e
btzrg, M u **,. New- H a r t fo r d . C o n n ., T u r n e r '* F a il* , M e e . T a rU T vlIb * c o n s o lid a t o l m o r tg a g e o f 1 ~ - 5 ■- for #2 ,0 0 0 ,(KM), trustee is t te n tr a l
v o t in . . 32 b .lle * : tea se*— H o ly o k e A W e *U te ld H R 10 in fle * ; lo t ,,!. 137
-mile*. In Jam-. 1887, ktM ted-fdr 8 9 y e a r * in ( b e N e w Y o r k N e w H a v e *
* B a r t fo rd .9 l p e r s c u t o n sto c k t ill A p r il. 1690, th en 2 t i l l A p r il,
1 8 9 3 ; th en 3 t ill A p r il, 1890, m id t a ft e r w a r d .
N ew
J .r «e y
j n u e t i o n , —T e r m in a l
roa d
tiiru u gh
J ersey
C ity ,
Hoboken End Weehawken.c o n n e c tin g th e tru n k lin e * t e r m in a t in g a t
the-.*-- p o m )w uglh a b o u t 5 m ile s , L «»w e » i f o r 10 0 y e a r s fr o m J u n e
30. 1886. t o f iie New Y o r k C e n tr a l w h ich g u a r a n te e * th e b a n d s ub*oiu te ty a n d o w n * $ 1 0 0 ,0 0 0 s to c k . T h e m o r t g a g e is fo r # 4 ,00 0,0 00 .
N e w J e rs e y A N ew Y o r k . —Own* from Erie Junction, N ..I., to
•Uaraerviiie. v
29 miles: branches to Now City, etc., s mile*; oper•ate* to Have) straw, etc.. I t m ile*; total operated, 48 tnlto*. Boorguum * Mttet 1 trrm km m « in April. I860. Stock outstanding, $1,440,800
common $7M8.O00 preferred; par, 8100. Loan* and bills payable
w e r e $43.000 July J, 1892. Control o f road 1* with p r e fe r r e d stock, and
fires mortguge W ad* till 6 per cent dividends have W «n paid on pre
ferred stock for three years. In 1891-92 gross earnings. $304,460; net,
$36,740: in to f- d .#29,000'. rentals.#U.iuO; dnUctt,$ 3 ,««o . In 1890-91
gross $270,609; net, $31,987. (V. 54, p. 4 41 ; V. 5 5 , p. 8S5.)
N e w L o n d o n N o r t h e r n , —Owns fr o m New L o n d o n , C o n n ., to
B r a t tle b e ro , %'s . 121 m iles , a w l lea ses B r a t t f e b o r e * W U t e M I H R -,
B r a t tlo b o r o t.. B o o th L o n d o n d e r r y , V t ., 37 m iles. L b a s s — E n t ir e lin e is
teiw ed t o t 9 9 y e a r ) fro m D e c , 1. 1891, h i th e C e n t r a l V e r m o n t. T h e
r e n t 'd i * $ 2 1 0 ,0 0 0 f » r a n n u m , w h ic h le a v e * » s m a ll su rp lu s a f t e r pro-
pttlngyeany !•<; in
*--;- ■
* per rent dlvlden -
1■ - .
iru p n n etricM * and r e n e w a ls , a r e m et b y th e lessee, w ith o u t c la im o n th e
N ew L o n d o n N o r ih w n .
DivibEvr * - From t*? « to 1886. luclnsive. 6; in 1887. «%; from 1888
Jan,, 1802. inclusive, a t r a t e of 7 per cent per annum. Beginning
April '..1892, quarterly dividends of 2 per cent were payable under the
tease. Die consol mortgage 1m become a brat Hen. in year 1892 gross
s
earning.*. *681.329; net, $187,940. in 1891 gross, «OtS.H48; net,
#■210,12* . - A . 51, p. 241; V. 52, p. 301,761; V,53,p. 256,881.)
to
New* O r l e a n s A N o rth K a s t e r n . — New firleans, I .a., to Meridian.
Mi** Co; mi.es, stock is $.5,000,000 ipar. $100), o f which $ t.320,000
end $4,900,iJ0t» 1st mnttgsige lumds ere hebl t>y tbe Alabama New Or
leans tv Texas Pacific Jnnrtion Railway Company—which see—to which
was d u e July 1, 1892. $923,960 on coupon account and *710,768 on
other accounts. In February, 1893, $100,000 prim* n «n bond? were
s o la fo r Im p r o v e m e n t* , etc.
T ru st ( o m p a b j .
In v o a r e n d in g J u n e SO. 1992, r e n t a l w a s $ 1 1 0 ,8 5 0 ;
rtelicit under Interest onildlv tden<l-.$924. (V. 51, p. 494; V. 54, p. 10 48 .)
N e w Y o r k A C a n a d a ,—O w n s fr o m W h ite h a ll, X . Y ., to R o u s e 's
p o in t , X . Y ., 113 m iles ; b ra n c h e s t o B a ld w in , A u s & b ie a n d P r o v in c e , 37
u tiles; t o t a l o p e r a t e d , 15 0 m ile s .
L e a s e d In jie r p e t u it v a n d v ir t u a lly
o w m s l b y th e D e la w a r e * H u d , C a n a l C o., w h ic h g u a r a n te e s th e bom b),
a n d h a s $ 4 ,0 83,54 6 In v e a te d in it. Tin- .-took is # 4 .0 0 0 ,0 0 0 ; p a r, $100.
F o r n m o n th s e n d in g D ev i r u li.r 31 , 1992, su rp lu s o v e r c h a r g e s w a s
$ i 1,0 81 , a g a in s t a d e fic it o f # 1 2 ,7 6 3 in 1891. F o r y e a r e n d in g J u n e
30, 1*9 2. g r o » * e a r n in g * w o r e $ 9 5 4 ,3 8 5 , a g a in s t # 1 .0 2 6 ,7 6 1 in 1890-91 ;
m -t, # 3 1 8 ,3 2 $ , a g a in s t $2 4 1 ,4 1 1 ; d e n e it u n d e r c h a r g e s # 9 2 ,2 3 6 , a g a in s t
$ 6 3 3 2 8 .— iV , 5 1 , p. 2.89, 8 8 6 ; V . 5 5 , p. 2 0 8 , 8 0 6 ; \* 50, p. 29 0.)
N ew Y o r k C e n tr a l A H u d s o n K l v o r .—(M e Map.?—Own
from New York City to Buffalo, N . Y ., 1 12 miles; branches on N , Y .
Central division. 377 miles; total owned, 910 miles; linos leased—West
.shore RK. and branches, Wmduiwkeu to Buffalo, 495 miles; T roy A
Oreenbrndt. 6 miles; Spuyteu BoyvU A P ort Morris, 6 miles; New York
A Harlem, 136 miles; New J erw y Junction, 3 luHr*; Rome Watertown
A Ogdensburg. Buapenslon Bridge to Mu-rena Springs, and branches
629 miles; grand total, 3,090 mile*. About 300 miles o f the New York
Central Division lias (our tracks. Also operates the Dunkirk Allegheny
see). 131
will take
over X. Y. A Northern (which see), 01 miles.
On April 19, 1893, stockholders also vote on proposition to lease the
Mohawk A Malone RH. (which see), extending from Herkim er on the
Central's main Hue to Malone on the. Central Vermont, * distance o f
177 miles, completed In November, 1892. This will afford a through
line to the summer resorts iu the Adirondack*, and, via 100 miles of
connecting road, to Montreal. See C iib o sio lk of March 25. 1893.
H ibto bv , Ac.—Tills company was formed by a consolidation of
the N‘-v,- Y'ork Central and the Hudson Paver railroads October 1, 1869,
Tbe Now York central was » consolidation of several reads under a spe
cial law o f April 2, 1853. Tin; West, shore Railroad was leased in
Deo., 1885, for 475 years. The Rome Watertown & OgdenKburg, which
see, was leased in perpetuity in March, 1891, and the Beech Creek
KR. {which *co! in 1890 for 999 years. The New York & Northern,
Carthage ft Adirondack anti Gouverneur A Oswegatehie {see each com
pany 1 with a total mileage of 119 miles are to be leased practically iu
perpetuity and certain of thcirlsrciiritics.guaranteed. See ;Cu k o n ic lb
of.March 25,1893.
_
................... >
s.
8. Soo J(\
StC
VANDERBILT LINES between NEW YORK and CHICAGO.
TriuiWfqft
'
m
m
/puMngtai
INVESTORS’ SUPPLEMENT.
[Vou
lv i .
Ma b i
h,
1893.|
RAILROAD
STOCKS A N D
BONDS.
S u b oe rllw rii w i l l e o u fe r a g r e a t f a v o r b y g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e re d i n these T a b le s .
Bonds—Prin c '
IN TE RE ST OR DIVIDENDS.
pal, When Due.
Amount
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Whom.
Cent.
Dividend,
R AILRO AD S.
For explanation o f column headings, Ac., see notes
on first page o f tables.
yew York Central < Hudson Hirer— Continued—
t
>'■ Y. e. A XI., S $30,000,000 ) rmmon —
(
m ortgage...? £2,000,000 \ coupon o r re g .;
Debenture*................... .................................. cat
Debentures for $15,000,000 g., s. f. not dr'n Cftr
-Y. T. Chietujod St. Louis—Common stock......
3d preferred (5 per cent, non-oianolative).
1st preferred (5 percent non-ctunnlative).
1st mortgage gold, sinking fund not drawn____ c*
H. Y. Elevated—See M a x h a t t a s Dt.isr.tTEI>.
J . Y. 4 Oree-HKoml Bake- P r i o r lien M „ $500.000..
T
1st and 2d agort, income......................................
If. Y, 1 Harlem—Oom. and pref.atocfc, 8 p.e.Jf.Y.C.
1
Consolidated mortgage,coupon or registered., o'
if. 1". taekm nm na £ Western—Stock, guar. 5 p. ct.
l * t mortgage, gnar.by Delaware- Lack. & Weet-.e*
2d mortgage, guar. by Delaware Lack. & W est.c '
Terminal Improv. M „ (for $5,000,000) go. p. * i.
Setc York take Erie 4 Western—Stock, common___
Preferred stock, not cumulative-.........................
K .Y. ft E. :
■
■
-ml le Imr,s,Sri£,N.Y,,ext,e*
2 4 mortgage, (extendedfa 1870) g o ld .......... e*
3d mortgage, (extended in 1883) gold........... <•'
4th mortgage, (extended In 18801 gold......... V
5th mortgage u-xteode<t in I - * - . . gold........ c*
Krfe R’f.t a t M.JSoft Rr. Uom ellsv. to Attica, g.e*
l * t consolidated mortgage, gold, $ f t £ ___...e*
$1,000
1,000
. . 1 1,0004c
1890 |1,0004c
100
100
100
1987 | 1,000
1,000
100 Ac.
50
1,000
100
1.000
1.000
1,000
100 I
100 I
1.000 !
1.000
1,000 ;
1.000 !
8500 Ac.
100 Ac.
1,000
N e w Y o r k C e n tr a l A H u d s o n H I v e r . —(Concluded.)—
Oa i -it a i . Sto c k .—Stockholder* vote April 1 9 ,1893, on proposition to
Increase stock from $89,428,300 to 6100,000,000 for improvement*,
the new stock to be offered to stockholder* o f Juno 15 at par, payment
to be made 50 p. e. July 1,1893,25 p. e. Jan. 2, 1894, and 25 p. e. July
2,1604. See full statement V, 56, p. 463. Dividends on stock regis
tered in London are payable in gold »t49<*d, to dollar.
D iv id e *M k -F ren i I860 to 1884, inclusive, B percent per annum; in
1885.3% per cent. From 1886 t « 1889, iuelusive, 4 yearly; in 1890,
4 % in 1891.4%; to 1892, January, 1% April, l !*; July 1%; October.
1%; in 1893, January, 1 kg, April, 1 ‘ t (tercent (quarterly.)
PKIC* o r STUCK - I n 1884, 83%,,, 122; In. 1865. 81
187%; in 1880,
ilith k 117'V; In 16.87. 101
lid 's ; in 1886,102 Hi* 111: in l « s » , I Oik.
*110% ; in 1890, » 5 % « m : in 1,691. 98%,r 1195,; In 1892.1 0 7 *.*
119%; In 1893. to March 17, Inclusive. 1 0 3 > »a U l%.
Down*.— Under the tease of the West Shore RK *50,000,000 of 4 tier
cent* were guaranteed and 610.000.000 West Shore stock taken a* con
aide.ratton. Foor per cent per annum is guaranteed on the stork and
bonds o f the Beech Greek—see that company—and in 1691 Me debt o f
the Koine Watertown ft Ogdcusburg » » aeaumed. under the lease,
and 5 per cent yearly guaranteed on it* (Stock—see that w m n u i;.
@im rera em ft omregatehte bond* for 8300,000 are •>«» guaranteed. in
April. 1893. w ill guarantee $2,500,000 Mohawk ft Malone 4 per cent*,
*1,600,000 Chrtliage A Adirondack 4* and *5,000,000 N. Y ft Northern
4s. Sub each Company.
Of the $11,000,000 5 per cent debentures due 1904. #1,000,000 rcgMtewd bosoa. dated in 1889, have no mortgage privilege, but. have a
*toek convention privilege, while debenture* of 1884 have cot.
In June, 1*l*o, fl5.000.000 debenture 4 per cent* were wit.hortr.ctl
te r Improvement*. They ate to lie included in any now mortgage, and
have a Milking fund of $300,000 yearly—no drawings.
The debt certificate* tine May 1,1893, have been extended for tw elve
years at 4 per cent, inter**; and principal payable in gold.
gKSEKAt. Fix ,.h.
In May, 1692. an additional Issue of * 3 .000.
OOO o f 4 per cent debenture* wst* made. The bridge over the Harlem
W ver is to be raised 24 feet at an outlay of between *3.000,000 and
$4,000,000. Bee V. 54, p . 560.
L atrst KAKxtKOs.—The partly estimated earnings for the nine
month* ending March 31,1803, were 3* follows. See Vol. 50, p. 464.
Cross
Set
First
Balance.
Six m a a ^ naming*.
earning*.
charge*.
THeidend*. surplus,
1802 - ..834,607.275 *10,!I1N,840 *7,510,155 83,353,501 *16,130
1 8 9 1 ... 34,55d477
11,009*375
7,411,406
3,353,561 211,3)7
A.v n u a L RBrtiRT.-Fls.-al year ends Juno 30. Report for 1891-92
was in V, 55, p. 439,450. The figures below include the Rome
Watertown ft Ogd«n*bttrg after March 15,1891.
l e w m d . June 30,
1889-1)0.
1*99-91
1891-92.
G row earning*................... *37,<XW,403
*37.002,114
*15.176,625
Oper, exp., tnclnd. taxes. .
24,402,130
25,370,852
31,139,113
Net earn tags...................... *12,516.274
F. e. o f oper. exp. to earns
106-18)
Reb. State t'x prior y'rs
111,030
*12,531.262
f6 6 »4 i
88,740
$30,000,000
9,733.333
11.000,000
11.500.000
14.000.
000
11.000.
000
5.000,000 See
19.525.000
*14,339,312
ilrt-47)
77,351
Total met income.. .
*12,027,304 *12,620,002
*14,416,863
Rental* paid................
*4,053.393
*4,452.100
*5,303.704
Interest on debt .
..
3,590..-,35
3,954,968
3,997,819
T ax to o n ea ra.A c»p .»rk
209.984
274,896
214,359
Reserved for debture*.
..........
300,000
300,000
Dividends..................
(4%.) 4,024,273
(4)3,577,132
(6) 4.471.415
Miscellanea u*.............
...........
72,222
0,245
Balance........................
stir. $749.219
sur.$88,68t sur.*l 33.322
r J V . M . p . S i. 243, 486, 5*50, 845, 889; V. 55, p. 6. 21, 255. 4 39, 4.51 ,
544. 639. 765. 8 10. 857. 1110; V. 86, p. 93, 20<j. 403.
N e w Y o r k < iii i « i ; o ft St. U n til* .—
-(See Wap o f Sew York Cen
tral 4 Hudson Hirer.) —Owns from Buffalo. N. Y , in Illinois State Unr,
512 m iles; lease* to Buffalo, 1% miles; Illinois State Line to Chicago. 9
m il**; total. 923 miles,
H isto bt .—The former Hu it,m g Company was formed in 1981 and
hr,sure; known a* the "N ick el Plato,” Huh- in foreclosure took place
May 1 0 ,1887, and the present company wan formed in September 1887.
« S E S * -—t f ke Shore A- Michigan Sootbern owns *6,240,000 common,
*6,275.000 24 preferred and *2JM»3.000 tat preferred stock.
» ivhm W W .-O b firstpreferrred: In 1891,March,3% percent; in 1892,
March, 3 per M M ; in 181*3, March. 3 p e r« *-nt.
B oko *,—A sinking futnt r.f $100,00*1 per year is provided when net
sawings* »W$f»00,(8)w*jr inwards, i f bond* can lie bourn-, nt or bc.Jnw
102; if not. the sinking hind tap*** for that year, thus bon lug * 100,00*')
more for divldcniu. Tlie original Issue o f bonds was *20,000,000, and
if. lias Seen reduced to present- onmont by the sinking fund mtrehiises.
Bee abstract of mortguee (Central Trust Company of New York, trustee).
V, 45, p. o4t. Hold car trust*, for *600.000 bearing 5 per cent itiO.rest
t o l 9 f ^ '^ M n c I n * i ’'e iO'00W b* lB* p'lja ,,ie
1 Jf'ariY from 1893
. *'?*$£*■ RkPOg-t. H eportforyen r ] 891 « » in V. 54.p. 895. Figures
-or 1802 are from report to N Y. ktnfr KR. f'ommission. V.r.ii, p 290
J.
J.
M.
4 K- J.
7
! g-
ft
ft
ft
ft
J. N .Y ., Gr. Cent. Station.
J. London, Union Bank.
S. NY Y „ Gr. Cent. Station,
do
do
D.
1,
1,
1,
1,
1903
1903
1904
1905
X. Y „ Gr. Cent. Station, Moh. 1, 1893
text.
4 g. A. & O. N. Y „ Union Trust Co. Dot. 1, 1937
250.000
2.700.000
F. 4 A.
N ew York.
None paid.
10,000,000 'See text. J. ft J. N. Y „ Gr. Cent. Station.
7
SI. ft N.
do
do
12,000,000 I
10.000,000 5 per am Q .-J . N. Y-, by Del. Liiek.ft W.
12,000,000
6
J. ft J.!
do
do
5,000,000
1.350.000
77.427.000
8,538,600
2.-182,000
2.149.000
4.617.000
2.920.000
709,500
182.000
16.891.000
Jan.
Jan.
Sept.
June
5
IF. ft A.
SI, ft N.
7
5 g.
4Ug.
5 g.
4 g.
4 g.
7 it.
M,
M.
M.
A.
J.
J.
M.
ft
ft
ft
ft
ft
ft
ft
do
do
do
do
N. Y „ 21 Cortlandc St,
N.
do
do
S.
do
do
S.
do
do
0.
do
do
D.
do
do
J.
do
do
S. New York and London.
1942
Nov. 30,1908
Apr. 1, 1893
May l , 1900
Apr. 2, 1893
Jan. 1, 1921
Aug. 1, 1923
May 1, 1923
Jan. 15,
May 1,
Sept. 1,
Meh. 1,
Oet. 1,
June 1,
July i,
Sept. X,
1892
1897
1919
1923
1920
1928
1921
1920
1889.
1S90.
1891.
1892.
Gross earning*......... *5,090,329 *5,820,306 *6,171,068 *6,467,165
Oper.expen ft taxes. 1,003,544
4,678,251
5,056,082
5,332,904
Net earnings/___f 1.086,785 *1.142,054 $1,115,006 *1,134,261
Net ,lnc. other income *1,092,175 *1,154,828 *1.128,574 *1,144,179
*784.570
$780,122
*791,059
lutcre-t paid............ *791,680
Rentals....................
81,139
87,685
90,551
91,320
Sinking fund.............
99,954
93,748
99,940
100,000
Div. on 1st p n -f.......
....... (3*3)175,000 (3) 150,000 (3) 150,000
T o t a l.................. '$972,773 .«? A 4 M )o i *1,120,913 $1,132,379
Balance, surplus
$119,402
$13,826
$7,667
$11,800
- ( V . 53. p. 714; V. 54, p. 329, 800, 8 8 5; V. 56, p. 995 , V. 56, p 290.)
N e w Y « r l t f t iir w - n w o o d L a k e . —Owns from Jersey City, N, J,,
10 Greenwood luike, 18 mites, and branch to Itlngwood, 2 tuiles; oper
ates Watolmng R y . Woodidde to Orange, N. J., 4 m ik », and the Cald
well Ry., 5 miles; total, 59 mile*. The New York Lake Erie ft Western and
Cooper, Hewitt ft Ob. control tin- property. Btook, *100,000; par *100.
The Holder* o f the second mortgage *>t $ 1 ,800,000 Imre the right to
pay off the first mortgage Income* of *900.000 at 105.
K u t x i k l i n o s * earnings in 1891, *302,634; net. *43,481; Inter>-*t, *15.839; loss on Watchong HE., $1,882; interest on advances for
State taxes, an aeemnulatton o f 12 years, charged off, *24.711.
N e w Y o r k f t l i a r l c i u . —ow ns from New York O ty to (lulthani,
N, Y., 127 mile*. From Chatluun to Albany, 24 miles, the Boston ft
Albany Railroad is used. This company owns the Fourth A venue street
railroad. The property (except the tioree raUreaul) * » leased Ap ril 1,
1873, for 401 years to the N. Y, Cent, ft Hudson at 8 )M«r oent dividends
on the «t<H-k and the Interest on the tmnds. The preferred stock Is
$1,301,350; twlaneo,cetnnioti. Both stocks in nddltion to the 8 per
rent gtinrante.-d hy tlie N. Y. Central have received dividends out of
the earning* of the Fourth Avenue home railroad, annually In April, as
follow *: From 1982 to 1889, Inclusive, 2 per cent yearly; in 1890,
1891, 1802 and 1893,2*» per cent. A ll oiicrations included in New York
Central ft Hudson. IV. 51. p. 494; V. 55. p 372.)
N e w l u r k U f k s w a n i i s ft W e s t e r n . —fArc Map o f Delaware
Lackawanna 4 Western, ) —From Binghamton to Buffiilo and lutcrnatioimi Bridge and branches, 214 miles; Deiawnre Lncknwanim ft Weakera ha* » lease for 99 year*, givin g a guaranty of the bonds and 5 per
cent yearly on the stock, the guaranty being endorsed on the bonds and
•took eertiUentes. Due the lessee July 1,1892, *692,866. In year 1892
gross, *0,728,356. against *8,097,284 in 1991; net, $4,189,379, agulnst
*4,06.4,637 in 1891,
N e w Y o r k to ile r K r le ft W r a t e r n . —Main line Jersey City to
Dunkirk, N, V., 4tK) mis* -, with teranehe* 643 miles; total 1,102 miles,
made up a* follow*;
tines mened.
Mites.
Lines leased u-nntinwdt.
Wiles.
Plcnnnol, N. Y.. to Dunkirk,
Buffalo N ew York ft Erie H1C 140
N. Y ..............................
416
Mispen. Bridge ft Erie J. HR*
24
Blanche* to Attica, etc.... 105
Roohester ft Getteaee Val. RR* 18
Line*leased. f*8ee these com
Buffalo f t 8onihv,(0it«ra r r - . 60
Northern o f New Jersey Itlt-., 26
Jersey c ity to Hnffemi, N. Y.
N . Y. i„ K. ft W. C- ft RR
’
31
(several small roads)..........
31 Sundry short lines................ 144
Jeff reon H R-.................... 45
Buffalo Brartford ft Pitt*. RK- 26
Total N. V. L. E. ft W
.1,103
Also lemes New York Pennsylvania ft- Ohio and branche*, 596
mites, «n d owns the entire stock o f tlie Chicago ft Erie,, owning from
Marion, O., to Hatnmoud, Ind.,249 miles, and leasing truckage over
the Chicago ft Western Indiana, 20 miles, to Chicago, making grand
total Oct. 1, 1892, 1,968 miles,
llir r o itr , L kasks, ftc.—The New York ft Eric Railroad wa* chartered
April 24,1832, aud opened to Dunkirk April 22, 1851. Reorganized
a* Erie Railway Company in 1861, anil sold under tlie second consoli
dated mortgage in 18/8; reorganized as at present June 1, 1878.
The Long Dock Cotnp'y has stock o f *800.000. all owned by the New
York Bake Erie ft Western; it* property consists o f lands and lands under
water, about 577 acres, with piers, buildings, etc., and is leased to theErie nt *480,000 per annum, payable monthly in gold. Brio also to
cay all tax**, rentals, cost of maintenance, utot The New York Lake
Erie ft Western Coal ft Railroad Company is an auxiliary corporation
from which advances of *1,388,252 are due, as per balance sheet of
October 1,1892; In August, 1890, its bonds were guaranteed principal
aud Interest (by endorsement on bands), the property being leased till
July 1 ,1925, at. a rental equal to interest. See V. 51, p, 752, and de
scription of property In V. 52. p. 642.
In the reorganization o f the Chicago ft Atlantic (now Chicago ft Erie),
there wore issued *12.000,000 4-5 per cent 1st mortgage bonds, interest
on which is guaranteed. Erie holds $1,500,000 C. ft E. Incomes and all
the *100,000 stock. Pee CRBOKIOtB, V, 50, p. 021.752; V. 51, p. 911.
Road was turned over to Erie on September 1,1890.
Ca p it a l Sto c k ,—P referred stock has a prior right to 6 per cent
(non-cmnulatlve) from the net profits, " a s declared by the board of
directors," inti the U. 8. Supreme Court belli in 1886 that this stock has
no legal right to claim a dividend, though net carnlugR are sufficient.
INVESTORS’ SUPPLEMENT,
96
%r
--—
-----------S u b s c r ib e r * w i l l c o n f e r a
[Vou L^l.
r e a l fa v o r by g i v i n g im m e d ia te n o tice o f a n y e r r o r d is c o v e re d In these T a b le s .
Bonds—Prinol
IN TE R E S T OR DIVIDENDS.
RAILROADS.
pal,Wlien Due
Size, or
Miles
Amount
W hen
Par
of
For explanation of column headings, &e., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
whom.
Dividend.
Road. Bonds Value.
on ilrst page of tables.
Jfnc York Luke Erie. <t Western—(Continued.)—
N. Y, L. V.. U West, funded coupon bonds. gold.o'1
1st lieu inert.. gold, sink, fund (not drawn)... 0*
2d sonsolidated and funded coupon bonds, g..o*
Collateral trust bonds, s. f. drawn at 110, g..o*
Funded coupon bonds, gold (red. at 105)......e*
Income bonds (uou-cuniulative)........................
Old car trusts, ser. B. to G. inch, partpd. an n . o*
• N e w cai‘ and engine trusts......................
N. y. Car trust, 1888, ser. A . (guar', oy D. & H .).
TLong Dock Co. 1st mortgage,int. guaranteed...o*
Cons, wort., g .(ls t M. after June l,'93.(Seetext)
Newburg & N. Y. lstm ort., extended In 1889..o*
N. Y . L. E. A W . Coal& RR. IstM.gu.,endorsed.e*
N.Y.L.E. A W. D & T. Co. 1st M „ see V. 56, p. 82.e*
I f . X . & L o n g S t a n c h — See Central of N. J.
i f . !'■ d Massachusetts—Stock............................. .
1st mortgage...................................................
Consolidated mortgage, gold............................
A . r . < N. Eitglanit—Stock ($20,000,000 authoriz’d)
c
Preferred stock, 7 per cent cumulative..............
1st mortgage ($6,000,000 are7s)........................
2d mortgage ($998,000 were 5s till Feb.,’92) —
Consolidated mortgage for $25,000,000, go ld ...
Boston Terminal 1st mortgage for $1,500,000.c*
Real estate mortgage n ote...............................
do
do
Curtis’s W h a r f..................
Due on purchase Piper’s Wharf.......................
Mortgage notes on land at Springfield & Hartford
Notes securing equipment lease (see te x t).........c
526
534
1878 $500&c.
1,000
1878
1878 500 Ac.
1,000
1882
i,oo o
1885
1878 300 Ac.
1,000
1888
1863
1885
12 1868
1882
. ... (1883
1,000
1,000
1,000
1,000
1,000
1,000
40
113
100
1,000
1875
1887
100
100
1,000
1,000
1,000
321
321
1876
1882
1892
1889
....
1888
....
1890
1,000
$3,705,977
7 g. M. & S. N ew York and London.
2,500,000
do
do
6 g. M. & N.
33,597,400
6 g- J. A D. N. Y., Drexel, Morgan.
3,344,000
6 g. M. A N. N. Y., 21 Cortlandt St.
4,031,400
do
do
5 g. J. A D.
J. A D. Paid 6 p.c. Jan. 15,1893
508,008
6
3,794,000
Various N. Y., 21 Cortlandt St.
do
do
| 1,730,168 5 (?)
J. A J.
(
5
do
do
3,000,000
7
J. & D.
do
do
4,500,000
0 g. A. & O. N. Y., Drexel, Morgan.
J. A J. N. Y., 21 Cortlandt St.
250,000
5
3,075,000
6
M. A N.
do
do
4,000,000
6
J. A J.
do
do
1,014,000
24,000
7
F. & A.
(?)
5 g. A. A 0.
19,809,000
3,705,000 See text. M. & N. Boston,Of.,244 Fed’l St.
10,000,000
6 & 7 J. A J. Boston, 8. Dep. A T r. Co.
5,000,000
6
F. A A. Boston, 180 Sumner St.
(?)
5 g. J. & D.
1,386,000
4
A. A O. Boston, 180 Sumner St.
60,000
4hi F. A A. Lowell Inst, for Savings
80,000
5
A. A 0.
Boston.
200,000
M t’U y.
do
do
5%
34,300
410,910
6
F. A A. Boston,OldColonyTr.Co
Sept. 1, 1920
Dec. 1, 1908
Dec. 1, 1969
Nov. 1, 1922
Dec. 1, 1969
June 1, 1977
1900, ’02, ’05
By Aug., 1898
$63,000 Jan. 1
June 1, 1893
Oct. 1, 1935
Jan. 1, 1929
May 1, 1922
July 1, 1913
Aug. 1, i905
Oot. 1, 1937
Nov.
Jan.
Aug.
June
Apr.
2,
1,
1,
1,
1,
(?)
Oct. 1,
Mcli. 1,
1891
1905
1902
1942
1939
1893
1893
A u g.,’93 t o ’97
1889-90.
1890-91.
1891-92'
D ivid en d s on preferred stock from 1882 to 1884, 6 per cent—none
$120,239
$128,478
afterwards till Jan. 15,1892, when 3 per cent was paid; in Jan.,’93, nil. Taxes..................................... $119,875
55,692
51,955
89,375
P r ic e of Sto c k .—Common in 1884,11% @28 3a ; in 1885, 9H'3i 277 in Claims o f prior years............
8;
201,275
156,610
248,396
1886, 22%@383 in 1887, 24%®3558; in 1888, 22%®30%; in 1889, Other debit items..................
s;
253e@307 in 1890,16®29%; in 1891,17%®34%; in 1892, 23%@34%;
e;
Total debits........................ $7,178,644
$7,294,352
$7,574,539
In 1893 to March 17, inclusive, 19»8@265
8.
$1,005,378
$733,259
Balance, surplus................. $860,254
Preferred stock—In 1884, 20@71; in 1885, 18®57; in 1886, 50%®
81%: in 1887, 59®76; in 1888, 52%®67%; in 1889, 61®71%; In 1890, - (V . 53, p. 187, 754, 778, 792, 793, 794; V. 54, p. 288, 761, 846; V.
46®69%; in 1891, 47%®77%; in 1892, 53%@77%; in 1893 to March 17, 55, p. 161, 337, 920, 937, 938, 939, 1036; V. 56, p. 247.)
Inclusive, 44%®58.
N e w Y o r k Ac N e w E n g l a n d
Road extends as fo llo w s :
B o n d s .— T h e firs t lien b o n d s o f 1 8 7 8 h a v e a s in k in g fu n d o f $100,000
Lines Owned.
Miles. Leased. (* See separate statement.)
yearly a n d m ig h t b e c a lle d fo r p a y m e n t, b u t th e c o m p a n y “ h a s d e cid e d
•"Norwich A Worcester R R ...... 66
Boston, Mass., to Hopewell
that re d e m p tio n s h a ll b e b y p u rc h a se o n ly .”
Junction, N. Y .......................215 Rhode Island & Mass. R R ....... 14
The first consolidated funded coupon bonds are secured by lien of con
solidated mortgage. On the second consolidated mortgage (Farmers’ [Hopewell Junction to Wicopee
Rockville R R ........................... 4
trackage]
Boston A Albany RR., in
Loan & Trust Company, trustee) no foreclosure can take place till six
Springfield............................. 1
successive coupons are in default, hut all of one coupon must be paid Wicopee to Fislikill Lan din g... 2
before any part of a subsequent coupon is paid. The collateral trust Providence to W illiinantic...... 58 M ilford & Woonsocket, etc...... 20
bonds of 1882 (the United States Trust Company, trustee, see V. 38, p. Newton to Woonsocket, R. I . .. 29 *Pro vide nee & Springfield RR. 21
509), are redeemable at 110 on three months’ notice. The second East Thompson to Soutlibridge 17 Woonsocket A Pascoag K R — 10
consolidated funded coupon bonds of 1885 were issued to fund three East H artfort, Ct., to Springrd 27 *Meriden Waterbury A Con
necticut R iv e r ........................ 30
past-due coupons and the coupon of June, 1886, the coupons being de Other lines............................... 12
posited as security. These bonds are subject to call at 105 and interest.
Total leased lines operated. .166
The Long Dock bonds of 1885 for $7,500,000 (of which $3,000,000
Total main track owned........360
reserved to meet old bonds) by their terms are redeemable any time
The company lias trackage from H opewell Junction to Wicopee
a t 110, but only from sale of land not necessary for company’s use. Junction, 12 miles, and in Providence to station 1-10 miles, making
No land has been sold and none, it is said, can he, the company need total miles operated Jan. 1,1893, 538 mile.
ing more than the present amount. The bonds cover the Bergen tun
Its trains are also hauled by N ew London Northern, RR. Co. from
nel, 576 acres of land, docks, terminals, etc. Total Long Dock property Norwich to N ew London, 13 miles. Company controls, through lease
conveyed by mortgage is assessed at over 11 millions, and this amount of Norwich A Worcester, the Norw ich & N ew York Transportation
E rie officials say is not more than 70 per cent of actual value. The Co.’s line of steamers between Norwich, N ew London and N ew York,
Long Docks 7s due June 1, 1893, w ill be paid at maturity. Of the 125 miles.
4,000,000 Dock & Improvement Company’s bonds, $604,000 are
O r g a n i z a t i o n .— Successor in 1873 to the Boston Hartford & Erie
eposited under Erie’s collateral trust of 1882. As to Dock & Im prove
Railroad, which became insolvent. From Jan. 1, 1884, to Jan. 1,1886,
ment Company see full statement in V. 56, p. 82.
On Oct, 1,1892, the new car trusts amounted to $1,248,703, the new in hands of a receiver. In October, 1892, Philadelphia & Reading
engine trust to $481,465, and old car trusts, $3,794,000. V. 55, p. 940. parties bought a large interest in the stock. See Y. 55, p. 704, 723.
The N . \ . L. E. & W. Coal & RR. Company’ s bonds were described in and in March, 1893, Mr. McLeod, of the Reading, became President,
Y. 56, p. 464.
V. 52, p. 642. See also above imder “ Organization, Leases, etc.”
C a p i t a l S t o c k . —The preferred stock is 7 per cent cumulative, but
F l o a t i n g D e b t .— O n Dec. 31, 1892, loans a n l bills payable were
$3,702,585, against $4,014,671 Oct. 1, 1892; assets Oct. i , 1892, in without interest. In 1892, $405,000 preferred stock was sold.
cluded $1,500,000 Chicago A Erie incomes, quoted in Mar., 1893, at 38
D i v i d e n d s .— On preferred stock from 1886, when issued, to Nov.,
bid. See report, V. 55, p. 937.
1891, both inclusive, were 7 per cent yearly In 1892 a dividend of 3 h
L atest L a k m n g s .—F or the first three months and the first four per cent was declared payable M ay 2, but its payment was enjoined.
months c f the fiscal year the results were as follows, the three months V. 54, p. 964.
being as reported to the N. Y. State RR. Commissioners;
P r i c e o f C o m m o n S t o c k .— In 1887, 34%@66; in 1888, 29hj3>531 in
4;
^-3 mos. end. Dec. 31.— . -1 mos. end. Jan. 31.— 1889, 41%'S>53i8: in 1890, 28@52i4; in 1891, 31@43; in 1892 307
.
.
a
1891.
1892.
1891-92.
1892-93.
@59; in 1893 to March 17, Inclusive, 21@521
a.
Gross earnings............$8,199,732 $7,880,873 $10,386,301 $10,075,734
B o n d s , E tc .—Stock is reserved for $191,000 convertible Boston H art.
N etearnings............... $2,821,285 $2,851,273 $3,166,656 $3,279,673 & Erie Berdell bonds. Of the 2d mortgage bonds $998,000 bore 5 per
ITop'n due l ’sed lines..
716,942
722,197
897,514
919,640 cent interest to Feb. 1892—for balance o f term they bear 6 per cent.
In March, 1892, the stockholders voted to issue a consolidated mort
Balance................. $2,104,343 $2,129,076 $2,269,142 $2,360,033 gage. There is some opposition thereto, and the question o f its legality
■Other income..............
308,776
341,236
is pending. See V. 54, p. 443, 721, 800, 1047; V. 55, p. 177, 256, 331,
504, 639, 723, 895; V. 56, p. 83, 127.
T ota l..................... $2,413,119 $2,470,312
Equipment notes mature Aug. 1, 1893, to Aug. 1, 1894, $25,000
Deduct int., taxes, etc. 1,947,883 1,927,748
yearly; Aug. 1,1895 and 1896, $100,000yearly; A u g .l, 1897, $160,000.
F lo a t in g D ebt .—On Dec. 31, 1892, loans and bills payable were
Balance................. $465,236 $542,564
...............................
$442,853, against $331,303 Dec. 31, 1891; net floating debt, $380,353,
A n n u a l R e p o r t .— Fiscal year ends September 30. Annual meeting against $438,393.
is held on last Tuesday iu November. The annual report for the Year
L e ed
$750,000 Providence
1891-92 was published tn the C h r o n ic l e , V. 55, p. 920,937,939 The field a s perL i n e s .—Company guarantees of leases pays rental & Spring5
cents, and also under terms
equal to
gross earnings include the N. Y. Penn. & Ohio and all the leased lines.
interest and dividends on follow in g bonus and stocks: Meriden Water
Year ending Sept. 30.
1889-90.
1890-91.
1891-92.
bury & Connecticut 5s, $450,000; Norwich A Worcester 8 per cent
Miles operated Sept. 33......
1,638
1,698
1.968
stock, $2,640,300 and 6 per cent bonds, $400,000; Prov. A Springfield
Total gross earnings..........
$29,068,935 $30,090,699 $31,261,784 6 per cent stock, $517,450; Woonsocket A Pascoag 5 per cent stock,
Proportion paid leased lines
2,614,101
2,587,066
2,628,043 $200,000, and 5 per cent bonds, $100,000. See statement for each.
G e n e r a l F in an c e s .—On March 14, 1893, stockholders voted to
Leaving as gross revenue
$26,454,834 $27,503,633 $28,633,741 build the Suburban RR. and to guarantee its bonds ; also to purchase
Total operating expenses
19,505,951 20,243,936 21,466,784 Curtis wharf and to issue bala uce of terminal bonds thereon. Y. 56,p.464
t
A n n u a l R e p o r t .— Fiscal year en d s Dec. 31. Annual meeting is held
in Boston on second Tuesday iu March. Annual report for 1891 in V.
56, p. 411.
1890.
1891.
1892.
Total gross earnings........................$6,029,125 $6,229,030 $6,220,494
1891-92.
$7,166,957 Net earnings................................... $2,007,857 $1,915,684 $1,808,347
398,566 Other receipts...........
9,301
7,204
5,354
310,557
Total income............................ $2,017,158 $1,922,888 $1,813,701
431,718
Rentals paid...................................
$410,793
$460,240
$476,479
1,116,056 1,143,250
$8,307,798 Interest, etc.................................. 1,043,384
283,800
264,764
254,403
$327,922 Taxes............................................
189,000
210,000
.......
4,680,781 7 p. c. div. on p ref. stock...............
N etearn in gs................................ $6,948,883 $7,259,697 $7,166,957
P. e. oper. exp. to total gross earn’s.
S7'1024
67-2763
68 6678
PROFIT AND LOSS STATEMENT.
1889-90.
$6,948,883
360,557
454,589
274,870
1890-91.
$7,259,697
385,094
385,641
269,298
Total credits..................... $8,038,899
, Pavonia ferries—expenses.... $341,627
i. Interest on funded debt....... 4,693,021
v Weehawken docks—interest..
55,245
IjJ Interest on loans..................
164,750
t i Interest on mortgages, A c ...
6,787
¥ < Interest on equipment..........
•
319,488
'441 Bental* of leased lines.......... 1,220,884
$8,299,730
$323,962
4,688,880
18,415
114,592
7,175
294,438
1,518,086
N et earnings..................
Pavonia ferries earnings
Interest on securities___
Other credit item s.........
Total disbursements............... $1,926,977 $2,051,000 $1,874,132
176,803
$90,187 def.$128,172 df. $60,431
9,275 Balance, surplus.........................
303,836 —(V. 55. p. 21,106, 177, 256, 331, 337, 373, 419, 504, 639, 704, 723
1,609,673 806. 895, 935, 938, 996; V. 56, p. 83, 127, 164. 206. 3 3 1 .4 1 1 .4RAA
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INVESTORS’ SUPPLEMENT,
»8
[YOL. L V I,
in these T a b le s .
S u b s c r i b e r * w i l l c o n fe r a g re a t fa v o r b y s I v i n g im m e d ia t e n o t ic e
by
Bonds—Prin ci
pal,^When Due.
Milos Date Size, or
Amount j
Stocks—Last
Par
of
of
y o r explanation of column headings, &c.,see notes
Outstanding
Dividend.
Road. Bonds Value
on first page o f table.
Sec text. If i text. Q.—J. (New Haven, Co.’s Office. Apr. 1, 1893
$100
jieto York Netr Haven < Hartford—Stock................
£
4
J. & I).IN. Y., Cliera’alN at. Bk.l June 1, 1903
123 1883 l.OOO&c $2,000,000 ;
1st mortgage (for $5,000,000)............. '
4
A. A O.
New York.
See text.
1893 100 &c. See text.
Debentures ($15,000,000) exch. for stock m l903.
B o nd s o f P r o p r ie t a r y , e tc .. L i n e s :
5
F. A A. N.Y., Lincoln Nat. Bank Aug. 3, 1905
500,000
1,000
50 1880
B oh. A N Y . A irL . 1st M..N. H. to W illi man., Ct.o*
5 A 6 J. & J.
New Haven ,Conn.
1,000
500,000
July 1, 1920
36 1880
Danbury A Norwalk con. M. ($100,000 are 6s).c
150,000
5
A. A O.
do
do
100
Apr. 1, 1925
36 1883
Genl. M..Daubury,Comi.,to Wilson Point, &c.c‘
6 & 7 A. & O. IN. Y., ChenTal Nat. Bk. Oct., 1903
2,000,000
1,000
12 1873
Harlem *fe Portehester 1st mort. gu a r............ o&r
4
J. A D.
do
do
1.000
1,000,000
Juno 1, 1911
12 1881
2d mortgage, guaranteed............................0&r
4
A. A O.
New Haven, Conn.
100,000 i
Apr. 1, 1910
74 1880 500 &c.
Housatonic old consolidated mortgage..............
5
A. & O.;
do
do
61,000
1882
Oct. 1, 1912
Danbury Branch bonds, eubjeot to c a ll.....—
5 g. M. & N. N. Y., Farm. L. A Tr. Co. Nov. 1, 1937
1.000
2,839,000
80 1887
New consol, mortgage (for $3,000,000) gold-.o*
4
J. & D.INew Haven, Ct., Treas. June 1, 1913
150,000
55 1883 1 ,ooo&c
Naugatuck 1st M.t Nauga. June, to Wilisted, Ct.r
7
F. A A.
New Haven, Conn.
225,000
Feb. 1. 1900
13 1870 '500 &e.
New Haven A Derby 2d mort. (now’ 1st).......... o
5
M. A N.
do
do
1,000
575,000
May 1, 1918
13 1888
Consol, mort for $800,000.............................. °
6
F. A A.
do
do
71,900
Feb. 1, 1900
4 1888
Mortgage on Huntington Branch......................
1,000
6
F. A A.
do
do
480,000
Feb. 1, 1900
1888
Funded coupon certificates...............................
225.000
6
F. & AJ
do
do
Feb. 1, 1900
1888
Beal Estate Certificates.......................... -........
1,000
1,300,000
7
J. & J.'N.Hav.,N. Tradesm’ sBk Jan., 1899
92 1869
N Hav.& North. 1st M.,N. H.to Con way J.,Mass, c*
6
A. A O.
do
do
1,000
1,200 000
Apr. 1, 1909
Consol, sink. fd. $15,000 per year, not drawn.o~ 114 1879
1,000
5
A. & O.
do
do
700,000
Apr. 1, 1911
27 1881
Northern Extension bonds............................ c*
1,000
5
J. & J.
do
do
700.000 i
1886
July 1, 1896
Bonds (not mortgage) convertible into stock..CV
1,000
do
do
260,000 i 4 A 6 A. A O.
Apr.’98&1911
17 1870
Holy A W., leased, 1st A 2d M., ($200,000 gu.)c*
1,000
1,000,000
7
J. A J. N. Y., Central Trust Co. Jan. 1, 1899
50 1869
N. Y. Prov. A Boston lstM ., Prov. to Stou’gton.C i
1,000
4
A. & O.
do
do
300,000
Anr. 1, 1901
12 1881
1st mortgage (Stoningtou to New London)---- cxi
1,000
4 g. A. A O.
do
do
62 1892
1,000,000
Apr. 1, 19 42
General mortgage for $4,000,000, gold........ c&r
4*2 M. A 8. N. H., Nat. N. II. Bank. March, 1910
200,000
49 1880 l.COO&c
Shore Line 1st M., N. Haven toN . London, Ct---1,000
5 g. A. A O .N . Y., Oiiice, 32 Nassau Oct. 1, 1927
1,200,000
57 1887
jy. Y. < Northern—1st mortgage, gold.................. c
£
1,000
4 g. J. & D.
In default.
57 1887
3,200,000
Dec. 1, 1927
2d mortgage, gold (was income till Dec., 1891).. c
5,600,000
5 g. J. & D.jN. Y. Office A London. June 1, 1939
N .Y .Ont.d West.—Con. M., gold, red. at 105 in ’99.cJ 320 1889 $ or £
1892 1,OOO&C
4 g. M. & S. N. Y. Office, 56 Beaver. June 1, 1992
6,500,000
Refunding mortgage for $20,000,000, gold...c*<fcr 320
6 g. M. A S. N. Y., Farm. L. A Tr. Co.( Mc-h. 1, 1895
8,000,000
New York Penn. £ Oliio—Prior lien M., gold, $ A £.c.*' 427 1880 500 &e.
July 1, 1905
7 g. J. A J.
London.
1st mort., gold, $ A &................................ ....... c* 427 1880 500 &c. 44,335,000
IN TE RE ST OR D IVID E N D S
R A ILR U A I >s.
N e w Y o r k N e w H a v e n &: H a r t f o r d .—Owns from Woodlawn,
N. Y., to Springfield, Mass., 122 m iles; branches to New Britain, Middletown' New Canaan, etc., 27 miles; total owned, 149 miles; leases, and
for the most part practically owns, lines running to Providence, R. I.,
Winsted, Conn.. Turners Falls, Mass., Willimantic, Conn., Worcester,
Mass, (see Providence A Worcester), etc., 495 m iles; total July 1,1892,
644 miles, of whb h 22 miles had four tracks; also on Dee. 13, 1892,
began operating directly the Housatonic Railway, New Haven A Derby,
etc., 190 miles. On J u ly l, 1893, possession w ill be taken o f the Old
Colony, adding over 600 miles to the system, and affording direct con
nection with Boston and terminals in that city.
H istory .—A consolidation in 1872 of the New York A New
Haven and the New Haven A Hartford. The N. Y. Prov. & Boston
was leased from April 1,1892, and its stock exchanged for New Haven
stock. See V. 54, p. 721, 887. The Providence Company owns a
majority interest in the Providence A 8tonington Steamship Line,
with capital of $2,000,000.
In October, 1892, the Housatonic Railway, the New Haven & Derby
and the Danbury & Norwalk were leased for 99 years, and their stock
exchanged for stock of the New Haven company on certain terms. See
V. 55, p. 463, 501; also statements for absorbed companies in Supplement for November, 1892. In February, 1893, arranged to lease
and eventually to absorb the Old Colony road—which see. Also see
V. 56, p. 247. In March, 1893, an agreement for interchange of traffic
and division of territory was made with Boston A Maine. See V. 56,
p. 464.
C a p i t a l S t o c k .— Stock authorized, $100,000,000. It may be issued
for improvements, buying stocks and bonds of leased roads, &e.
On June 1, 1892, $5,000,000 o f stock, making the total outstanding
$28,375,000, was issued to retire the stock o f the N. Y. Providence
A Boston. In October, 1892, $799,000 more was authorized to retire
the stock of the Housatonic, etc., roads, and in January and February,
1893, an additional $5,734,000 was excliangable for stocks of the other
leased lin- s, whose bonds are in table above. Y. 55, p. 501, 810.
A ll the holders of stock in these leased lines not having made the ex
change, the total outstanding stock of the N. Y. N. H. A H artford on
March 17, 1893, was reported by the N. Y. Stock Exchange to be
$32,859,800 as against $34,548,000, the amount it would have been
had the exchange been complete. Authority to increase the capital
stock to $100,000,000 was granted by the Connecticut Legislature in
February, 1893. Of the increase about $22,000,000, it is said, w ill be
needed to retire Old Colony stock, and $15,000,000 to take up the
convertible debentures in 1903. (V. 53, p. 289, 373.)
D ivid end s .—From 1872 to April, 1893, inclusive, at rate o f 10 per
cent per annum.
P r i c e o f S t o c k — I n 1 8 8 9 ,2 4 1 ^ 2 7 9 ; in 18 9 0 , 2 4 4 V & 2 7 0 .; in 1 8 9 1 .
224^-3)271; in 18 9 2 , 224-3)255; in 18 9 3 , to M a r. 1 7 , in c l., 2 5 3 V 3*26:-*2B o n d s - The convertible debentures of 1893 for $15,000,000 are ex
changeable at option of bolder “ on April 1, 1903, or within 60 days
thereafter, and no loager,” for company’s stock at par. If not then
exchanged they will mature and be paid in cash April 1,1908. They
were offered to stockholders at par, subscription to be made during
month of M:ircli, 1893, payable in instalments of 25 per cent cash
on April 1,1893, Oct. 1, 1893, April 1, 1894 and Oct. 1, 1894, re
spectively. The proceeds w ill be held as trust fund and disbursed only
for completion of Jour tracks on N. Y. division, including Harlem R iver
branch, for completion of two tracks between New Haven and New
London, for terminals at Providence, New Haven. New York, etc., tor
equipment, block signals, elmiuating grade crossings, and for floating
debt incurred for above purposes. See V. 55, p. 1035.
Under the lease of the N. Y. Providence & Boston, the New Haven
road “ assumed ” the debt of the Providence road. Of the Providence
Co.’s $4,000,000 of general mortgage bonds $1,300,000 can be issued
only to retire prior bonds at maturity. (See Y. 54, p. 964.)
F inances.—On Dec. 31,1892, the outstanding loans and bills payable
were $4,852,500, including Housatonic, etc., floating debt. There were
also Dec. 31,1892, Houeatonlc Railway rolling stock certificates due
1899, $200,000, and certificates of indebtedness due 1893 to 1896,
$200,000. The $3,393,297 received from sale of stock in January, 1893,
was to go to payment of floating debt incurred for improvements, etc.
Interest paid......
R en tals..............
Dividends (io#j-.
1888-89.
$80,000
906,033
484,254
1,550,000
1889-90.
$80,000
982,888
552,868
1,705,000
1890-91.
$80,000
984,060
616,923
1,865,000
1891-92.
$80,000
981,685
605,962
2,103,750
Balance, surplus.
$126,644
$198,020
$37,097
$58,531
—(V. 54, p. 288, 542, 560, 721, 800, 924; V. 55, p. 331, 4 18, 463, 50*1,
679, 810, 895, 1011, 1035, 1111; V. 56, p. 42, 83, 127, 164, 227, 247,
263, 289, 373, 464.)
N e w Y o r k & N o r t h e r n .—Owns from 155th Street and 8th A ve
nue, N ew York City (terminus Manhattan Elevated), to Brewsters,
N. Y., 54 miles; double-track branch, to Yonkers, 3 miles; operates 4
miles; total, 61 miles. Sold in foreclosure August 17, 1887, and
reorganized. In March, 1893, control acquired by N. Y. Central, which
takes possession April 1. On Dec. 31,1892, equipment trust amounted
to $149,338; loans and bills payable, $70,894; interest on funded debt
due and accrued, $153,866.
St o c k .—Common, $3,000,000; preferred 5 per cent, non-oumulative,
$6,000,000; par $100. Interest on the second mortgage bonds became
a fixed charge in December, 1891. On April 19,1893. the N. Y. Cen
tral stockholders vote on a proposition to lease the road o f this com
pany, or o f a company organized in its stead, and to guarantee its
$5,000,000 in new 4 per cent 100 year gold bonds, o f which $4,000,000
to represent cost of acquiring control and $1,000,000 to be reserved,
for improvements,
L a t e s t E a r n i n g s .— From July 1, 1892, to Dec. 31,1892 (6 months),
gross $327,126, against $275,274 in 1891; net $64,255, against $53,802,
A n n u a l R e po rt .—Fiscal year ends June 30. Report for 1891-92 in
V. 55, p. 000, showed gross earnings $521,216; net, $83,623; deficit
under interest, rentals and taxes, $67,974; paid construction account,
$21,535. In 1890-91, $483,427; net, $90,417. (V.54, p. 243, 405, 721;
V. 55, p. 147, 374, 764, 8 03 , 806; V. 55, p. 996; V. 56, p. 165, 207, 373.)
N e w Y o r k O n t a rio & W e s t e r n . —(See Map.)—Owns Oswego,
N. Y .t to Cornwall, N. Y., 272 miles; branches to N ew Berlin, 22 m iles;
to Delhi, 17 miles; to Ellenville, 8 m iles; total owned, 319 m iles; leases
Randallsville to Utica, 32 miles, and Clinton to Rome, 12 miles; (in per
petuity) Ontario Carbondale & Scranton Railway, Hancock, N. Y., to
Scranton, Pa., 54 miles; Wharton Valley RR., 7 m.; trackage—West
Shore RR., Cornwall to Weehawken, 53 miles; total operated, 477 miles.
O r g a n i z a t i o n .— The N ew York & Oswrego Midland was sold in fore
closure N ov. 14, 1879. and tins company organized. A ll securities of
Out. Carb. & Scranton Ry. are owned and pledged under the mortgages.
S t o c k .— Stock is $58,119,982, (par, $100) , of which $6,000 is old p r e f.
P r i c e o f S t o c k .— In 1889,14U2@22'78; in 1890, 13@2234 ; in 1891,
14'S>233 in 1892, 17^@23i8; in 1893 to Mar. 17 inclusive, 16^©193.i.
8;
B o n d s .— For consolidated mortgage of 1889 see abstract V. 49, p. 238*
The refunding mortgage secures $20,000,000 o f 4 per cents, o f which
$5,500,000 to retire $4,000,000 sixes (paid Sept. 1, ’92), $7,000,000 to
retire $5,600,000 consol. 5s, balance fo r improvements, Ac. The mort
covers all the company’ s property, real and personal, acquired and to
be acquired; mortgage trustee The M trcantile Trust Co. The com
pany has agreed to redeem the 5 per cent bonds not later than the
year 1899 if practicable without increasing its interest charges. The
$6,500,000 o f new fours issued entails an additional charge of only $20,000 per annum, after making allowance for the saving in interest from
refunding the first mortgage 6s. See V. 54, p. 444,683, 721,954. There
aiv $75,000 Wharton Valley guar. 5s, due 1918.
L a t e s t E a r n i n g s .— July 1,1892, to Jan. 31, 1893 (7 months), gross
$2,149,681, against $1,875,139 in 1891-92; net $563,706, against$480,919. For 6 months ending Dec. 31, 1892, total net income was $622,978, against $552,457 in 1891; interest, taxes, rentals, etc., $409,788,
against $390,880; balance, surplus, $213,190, against $161,577.
A n n u a l R e p o r t .— Fiscal year ends June 30. Annual meeting last
Wednesday in September. Report for 1891-92 in V. 55, p. 529, 543.
Year ending June 30.
1890-91,
1891-92.
1889-90.
424
Miles operated (inol. trackage)
424
477
$2,809,702
$2,200,446
$3,265,417
2,155,372
1,768,042
2,461,136
L a t e s t E a r n i n g s ,— For six months ending Dec. 31 earnings were :
$654,330
Balance, net earnings.
$432,404
$804,281
Sixmos.
Gross.
Net.
Other Inc. Charges.
Bui., sur.
$432,404
$729,330
$879,306
1892....... $9,255,944 $2,963,970 $144,140 $1,458,000 $1,650,110
453,902
507,261
203,000
1891
6,188,219
2,185,701
76,366
840,500
1,421*567 Interest on mortgage bonds..
5,032
Miscell. interest and discount
4,212
Or. 11,559
A n n u a l R e po r t .—F iscal year ends June 30. Annual meeting is Rentals p a id .........................
169,956
78,750
176,585
held third Wednesday in October. Report for 1891-92 was in V. 55 p
418, 501. In 1891-92 $2,185,052 was spent for betterments. Earn Balance, surplus............
$146,442
$100,440
$207,019
ings of the N. Y. Providence A Boston (not included) below were in V —(V. 53, p. 21, 256, 4 7 3 , 754, 881 ; V. 54, p. 289, 444, 597, 683, 721,
55, p. 501, and report of Housatonic Ry. Co. in V. 55, p. 1109:
846,954; V. 55, p. 22, 256,374, 529, 543, 544, 5 52,891; V. 56, p. 290.)
Yr. end. June 30. 1888-89.
1889-90.
1890-91.
1891-92
N e w Y o r k P e n n s y lv a n i a & O h io .—Owns irom Salamanca, N.Y.,
Gross earnings..$10,094,487 $10,749,167 $11,323,617 $11,913,701
to Dayton, O., 388 miles; branches—to Oil City, 34 miles, other
N et earnings...... $3,004,548
$3,369,393
$3,394,715
$3,640,690 branches, 5 m iles; total owned. 427 miles. Leased lines—Cleveland &
Other incom e....
142,383
149,383
188,365
189*238 Mahoning Valley RR., 124 miles; Sharon Railway, 16 miles; New Castle
& Slienango Valiev, 17 miles; Youngstown A Austintown Ry., 10 miles;
Tot. net inoome $3,146,931
$3,518,776
$3,583,080
$3,829,928 Westerman RR., 2 miles; total leased, 169 miles; total operated, 596 m
l
lon M d ol*
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Sf5f.( in^Kruok
Milford o
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Pookudll
Warwick
YoeuliUbori
dWswooS
Meadow Tins
llUSlicA Rubgg »
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aConodrdfi*
'WdLii't.lc
GruMj'Potnf
iSloouburg
tiou’ldaiwjriOlltl-
,Huffmn»
IllHlflK
White Horen
Tipper Lehigh
Woodslde i
Lnitqu^o
Britton
Hickory Bub
Albright
ftgntfttsi Hie’
LonnenirtUeo
G R AVE L P L A C E - V
Stroudibory^i
*/} ADdci er
Belowore Water U
Portion;!
•ran Haven
Ht>p»o..n« Jit
B »» vflic,
louch Chunk
Mountain View
e / a i ’.oinucii:
' Woitatoiiji
idiU.i.rfu:
Montclair
BONDS.
OELAWfSE.STAl
AutkiinUi
iP \N LAKE
STOCKS AND
Ftauumt
Vollejr
HenrjvtUe
RAILROAD
.Lehigh
6 Highland
WU*
if
irtlni Cr.
.Lehigh flap
Iralaorrt*
Cbnptnai
NEW YORK,
x
SUSQUEHANNA & WESTERN
R A IL R O A D A N D C O N N E C T IO N S .
♦ / w n n s ie via
NEWARK
Cat iron
Sew Providence!
«y
Elizabeth
Allentown
«e
P
lOO
INVESTORS’ SUPPLEMENT.
iVol.
'
LVI.
S u b sc rib e rs w i l l c o n fe r a g re a t fa v o r b y g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e re d I n those T a b le s .
Bond*—Prinol
IN TE RE ST OR DIVIDENDS.
R AILR O AD S,
Date Size, or
pal, When Due.
Amount
Par
Rate per When Where Payable, and by Slocks—Last
of
F or explanation o f column headings, <fco., see notes of
Outstanding Cent.
Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
N . T. Penn, d Ohio — Concluded)—
k
(
2d & 3d M., ino., gold. $ & £ (3d M. $30.000,000)c*
Equip, trust bonds, sink, fund 3 p. c.(dr’n at 100)
Deferred int. warrants, eonv. into 1st M. bonds..
X . T. rh ilu . < Norfolk— I hi M., $16,500 p. m „ gold.c*
£
Midland RR. of N. J, lstm ort,, gold................ c‘
N. Y.Sus.& W . 1st M „ refdg.g. (2d M on73m .).c*
2d wort. ($1,000,000 Hold) 3d M. on 73 miles.c*
K. r. TexasctMa.—1st. M.,g.,$or Ji.gu.by So.Pae.c*
N orfolk J- Carolina—1st M. for $1,500,000, gold.e*
N orfolk iC Southern—Capital stock.........................
1st mortgage, $10,000 per mile, gold................ o*
Norfolk <f Western—Prcf. stock, 6 pr. ct„ non-cum.
N orfk A Petersli’g—2dM. (now 1st) Nor.to Pet'g.e
Soutli Side—Consol, mort., lstp ref., extended. ,o
Consol. M. 2d prof., gold, extended................. c
Consol. 3d prei., Petersburg to Lynch. & br’s-.c
Virginia & Tenn. enlarged M. (extend in. 1884)..c
4ill M. Lynchb’g to Bristol and branch, 214 m.c
Norf.&West.Gen.M..Norfolk to Bristol, etc. gold.c*
New River division 1st mortgage, gold.........c*
Improvement & Extension Mortgage, gold...c*
Adjustment Mort., gold (red. Oct.’94 at 110). .c*
Clinch Valley Div. 1st M., gold, $19,000 p. m c*
Convertible debent’res, subject to call at 100. c*
100-year mortgage, $45,000,000, gold......... cx
427
17
112
112
7
73
1
134
134
134
91
110
104
104
81
133
133
133
214
214
428
157
586
586
105
971
1880 500 &c. $44,500,000
£443,592
’ 88-’90 £100
19,104,259
250,000
1887 $1*000
1,000
1,848,000
1883
1,000,000
1883
1,000
772,000
1,000
1887
1,000,000
1,000
1887
100
8,000,000
3,500,000
1880 500&C.
1,000
250,000
1881
1,000
3,750,000
1887
1,000
636,000
1887
1,000
1890
1,250,000
500
1882
1,457,500
1,000
1,320,000
1889
100
2, 00,000
1,000
625,000
1891
100 43,000,000
1,000
496,000
1868
1,000
290,000
1868
270,500
1868 100 &c.
452,800
1868 100 &c.
1,000
980,000
1854
1,000
1,000,000
1866
1,000
7,283,000
1881
1882
1,000
2,000,000
1,000
5,000,000
1883
1,000
1884
1,500,000
1,000
1887
2,500,000
500
1884
525,000
9,265,000
1889 100 Ac,
Organization .—Formerly Atlantic & Great Western Ey.
g S- M. & N.
5 g. Various
1 g’
6
5 g5
See text.
0 g6 g.
5 g.
4h2g.
5 g.
4 g.
5 g.
See text.
5 g.
See text.
8
5& 6
5 g .A 6 g .
6
5
8
6 g.
« g.
6 g.
7 g.
5 g6
5 ?•
None paid.
London.
j . & j . N. Y., Farm. L. & Tr. Co.
J. & J. Phila., Penn. RR. Oilice.
J. & J.
do
do
M. < S. N. Y., Corbin Bank’g Co.
fe
Jan.
1
Various N.Y.,Of. 15 Cortlandt st
A. < 0. N. Y., Nat. Park Bank.
fc
J. & D. N. Y. Of.,15 Cortlandt S1
.
J. & J. N. Y., Nat. Park Bank.
F. & A. N.Y.Of.,15 CortlandtSt.
F. & A.
do
do
A. & O. N.Y..S.Pac.Co.; London.
A. & 0. N. Y., Central Trust Co.
Q .-J. N. Y., Atlantic Tr. Co.
M. & N.
do
do
A. & O. Phila., 333 Walnut St.
j . & j . N.Y.,Mero.Tr.Co.APhiL
J. A J.
do
do
J. & J.
do
do
J. & J.
do
do
J. A J.
do
do
J. & J.
do
do
M. & N.
do
do
A. & O.
do
do
F. A A.
do
do
Q .-M .
do
do
M. & S.
do
do
do
do
J 15& 1
16
J. A J.
do
do
May, 1910-15
190e A 1910
July 1, 1917
Jan. 1, 1923
Oct. 1. 1933
Sept. 1, 1927
Sept. 1, 1927
Nov. 10, 1892
Apr. 1, 1910
June 1, 1910
Jan. 1, 1937
Feb. 1, 1937
Aug. 1, 1940
Apr. 1, 1912
Apr. 1, 1939
Jan. 10, 1893
May 1, 1941
Oct., 1892
July 1, 1893
July 1, 1900
July 1, 1900
Jan. ’96-1900
June 30,1900
Mch. 1, 1900
May 1, 1931
Apr. 1, 1932
Feb. 1, 1934
Deo. 1. 1924
June 1, 1957
Jan. 15, 1894
Jan. 1, 1990
{New l o r k T e x a s Sc M e x ic a n .—Owns from Rosenberg to Vic
Foreclosed
July 1, 1871, and again Jan. 6,1880 ; reorganized, and again leased to toria, 91 miles. Stock, $630,040, and Southern Pacific Company owns
all but $22,040 of it. There are also $60,500 sixes outstanding. Is
E rie for 99 years from May 1, 1883.
Five trustees exercise the voting power of stock until tlie third operated by the Southern Pacific Co., which guarantees the 4p.o. bonds.
From January 1 to January 31,1893 (1 month), gross earnings were
mortgage bonds receive 7 per cent interest in cash during three years.
$18,765, against $18,531 in 1892; net, $3,935, against $5,189.
Sto c k .—Stock is $44,999,350—par $50.
In 1892 gross, $257,437; net, $88,014. In 1891 gross, $241,679; net,
L ease .—Rental is 32 per cent of all gross earnings until these reach $69,467; deficit under charges, $25,097, against $73,971 in 1890. Due
6,000.000, and this proportion decreases by 1-10 o f 1 per cent for each Southern Pacific Co., etc., Jan. 1,1892, $562,949.
100,000 of gross earnings above $6,000,000 until the gross earnings
are $8,000,000. I f earnings equal or exceed $9,000,000, the rental N o r f o lk Sc C a r o li n a .—Owns from Norfolk, Va., to Tarboro, N. C .»
shall be 28 per cent. But if 32 per cent o f the gross earnings should 101 miles; branches, 9 miles; trackage to Rooky Mount, 17 miles
e ver be less than a specified minimum sum o f $1,757,055 to be paid Successor to the Chowan < Southern; name changed in 1889. Opened
fc
yearly, then the deficit is to be made up without interest out of the April 1, 1890, and forms a part of the Atlantic Coast Line sys
tem. Stock, $1,500,000; par, $100. In year ending June 30, 1892,
excess in any subsequent year. See V. 49, p. 793.
Bonds.—The first mortgage bonds bear 7 per cent, whatever por- ross earnings were $310,625; operating expenses and taxes, $241,18; net, $69,007; interest on bonds, $66,000; balanoe, surplus,
Hon o f this that may not be earned to be payable in deferred warrants,
to be capitalized in bonds of the same class; payment of interest to $3,006.
become absolute not later than July 1,1895, and unto July 1,1895,
N o r f o l k Sc S o n t lie r n . —Owns Berkely, Va., to Edenton, N. C., 74
the right to foreclose the mortgage is suspended. On the second ana m iles; (ferry across Albemarle Sound to Mackey’s Ferry, 9 m iles;)
third mortgages there is no right to sue the company or to foreclose. thence road to Belle Haven, 30 m iles; total road owned, 104 m iles;
A nnual R eport .—In year 1891-92 gross earnings $7,262,386, against ferry, 9 miles. The N orfolk Southern was sold in foreclosure April 29,
7,151,265 in 1890 91. Rental received $2,236,813; other income, 1891, and reorganized as now after consolidation with the Albemarle &
4,767; total income, $2,281,582; taxes, etc., $143,370; rentals and Pantego RR. Co. Receiver discharged June 1,1891. Paid first dividend
other charges, $868,005; interest on prior lien bonds, $480,000; addi (1 per cent), in July, 1892; in October, 1 per cent; in 1893, Jan., 1;
tions and betterments, $116,197; dividends on first mortgage bonds, April 1 per cent. From Jan. 1 to >ov. 30, 1892(11 months), gross
$693,785; dofleit lor year, $20,575 ; total surplus, Sept. 30,1892, $95,- earnings were *393,030; net, $143,521. President, Watson B. Dicker677. (V. 53, p. 604; V. 54, p. 721.)
man, 74 Broadway, N. Y.; Registrar of Securities, Atlantic Trust Co.—
(V. 49, p. 719 ; V. 50, p. 771; V. 52, p. 463, 681; V. 54, p. 444, 889.)
N e w Y o r k P h i la d e lp h i a Ac N o r fo lk .—Operates from Delmar,
DeL, to Cape Charles, Va., 95 miles, and King’s Creek, Md., to Crisfleld;
N o r fo lk Sc W e s t e r n .—(See Maps.)—Owns from Norfolk, Va., to
17 m iles; total, 112 miles. Successor of the Peninsula Railroad Com Bristol, 408 miles; branches, 36 miles; N ew R iver Division
pany of Virginia. Has trafflo contract till January, 1895, with Penn [Radford to Powhatan, 83 miles; Cripple Creek Extension, 46
sylvania Railroad, wliioh company sets aside 10 per cent gross earnings miles; other, 44 miles], 173 miles; Clinch Valley Division. G raham . o
to purchase 1st mortgage coupons. See V. 47, p. 807. There is a six Norton, Va., and branches, 107 miles; Kenova to Columbus, O. (for
per oent bottomry mortgage for $225,000, duo January 1,1895. Stock, merly the Scioto Valley & New Eng. RR.) 137 miles; Maryland & Wash
$1,714,375; par, $100. In 1892 gross earnings were $795,881; net, ington Division, Hagerstown. Ma., to Roanoke, Va.. 238 miles, and
$156,447. against $155,739 in 1891.
branches 21 miles. Total operated January 1, 1892, 1,120 miles.
Ohio Extension, to Kenova on the Ohio R iver and branches, 184 miles.
N e w Y o r k P r o v id e n c e Ac B o s t o n .—See N. Y . N. H. & H a r t .
On March 1, 1892, began operating Lynchburg & Durham RR., Lynch
burg, Va., to Durham, N. C., 114 miles, and the Roanoke & Southern
N e w Y o r k Ac K o c k a w a y B e a c h .—Owns from Glendale Junction RR., extending from Roanoke, Va., to Winston, N. C., 122 miles,
to Rockaway Park, with branch, 12 m iles; trackage to L. I. City, Brook making 1,540 miles in system March 1,1892, of which Ohio E xten
lyn, Far Rockaway, etc., 18 miles; total operated, 30 miles. Stock au sion, 184 miles, was completed Sept. 27, 1892.
thorized and outstanding, $1,000,000; par, $100. Controlled by Long
O r g a n i z a t i o n , E t c .—The Atlantic Mississippi & Ohio Railroad Com
Island Railroad Company, whose endorsement is printed on tirst m ort
gage bonds. (Formerly New York Woodhaven & Rockaway.) In year pany was a consolidation o f Norfolk & Petersburg, South Side a n d the
ending June 30, 1892, gross earnings were $238,314; net, $46,671; Virginia & Tennessee roads; it was foreclosed February 10,1881, and
Interest, $38,600; rentals, etc., $1,583; balance, surplus, $6,487, agst. reorganized as the Norfolk & Western.
In June, 1890, purchased the Scioto Valley & N ew England Railroad
$8,463 In 1890-91. (V. 53, p. 568; V. 55, p. 5 4 3 .)
(formerly Scioto Valley). N ow that the Ohio Extension is oompleted
N e w Y o r k S u s q u e h a n n a Ac W e s t e r n .—( See M ap.)—Jersey City this road affords a through line to Columbus, O. The Shenandoah Valley
to Gravel Place, Penn., 101 miles; Two Bridges, N. J „ to Unionville, RR. was purchased at foreclosure sale Sept. 30,1890, and became the
N. Y., 21 miles; other branches, 12 m iles; leases—Middletown Union- Maryland & Washington Division. The connection with the Louisville
vUle & Water Gap RR. (which see), UnionviUe, N. Y., to Middletown, & Nashville was completed in June, 1891. See V. 54, p. 601.
N. Y., 14 miles; Pennsylvania Railroad trackage in Jersey City 3 miles;
C a p i t a l S t o c k .—Preferred stock is entitled to 6 per cent non
small branches, 6 miles; total, 157 miles. Consolidation in June, 1881,
cumulative. In April. 1892, the company voted to issue 100,00(
of the Midland of New Jersey and other railroads.
shares of preferred stock, making the total $50,000,000, of which nol
8to c k .—Common is $13,000,000; par, $100; for preferred see table more than 50,000 was to be issued during 1892; of this $3,000,00(
_ D ividends .—The preferred stock is cumulative 6 per cent, and the was taken in September, 1892, by a syndicate in accordance with s
first dividend ( l l j per cent) was paid in October, 1891; in 1892, May, previous contract at 47. The proceeds were applied towards the com
paid 1M,; November, It ). The accumulated dividends unpaid amount pletion o f the Ohio Extension. The sale o f any further shares has foed to 55 per cent in July, 1892. See V. 55, p. 1 4 7 .
the present been abandoned. V. 55, p. 544. Common stock is $9,500,000
B onds .—T he general mortgage 5s o f 1890, for $3,000,000, were
D iv id e n d s on preferred stock—In 1882, 4 p ercen t; in 1884, 3 ^ n
authorized for new equipment, double-tracking, etc., $1 ,000,000 being scrip; in 1888, l 1 in 1889, 3; in 1890, 3; in 1891, 3; in 1892, April, 1%
^;
reserved to retire the same amount of second mortgage bonas o f 1887 October, 1 per cent in scrip, convertible into 5 per cent debentures.
Bee mortgage abstract, V. 52, p. 84.
P r ic e of Sto c k .—Common in 1883, 10®18; in 1884, 10@121 ii
^;
The New Jersey Mldand junior securities were exchangeable into
4
stock of this company on certain terms, and have mostly been so 1885, 8@13%; in 1886, 8@27%; in 1887, 13®23%; in 1888. 151q@231
4'®221 ; in 1890, 13@2478; in 1891, 13®18%; m 189S
e
-exchanged. There are also $6,000 old firsts o f 1911 and. $93 50u in 1889. 141
9® 18; in 1893 to March 17, inclusive, 7/
S>9%.
debentures of 1897 outstanding, besides $75,000 Passaic A N. Y. RR. 6s,
Price of preferred stock—In 1883, 32-3)49% ; in 1884,173)42; in 188f
due 1910 (int. J A D); interest is guaranteed under 999 year lease.
143)341 in L886, 25@59%; in 1887, 341 3>557 in 1888, 411
2;
s
8;
a©585 i
8;
L atest E arnings.—From Jan. 1 to Jan. 31, 1893 (1 month) gross 1889, 47^3)61%; in 1890, 483)66%; iu 1891, 46^3)57^; in 1892
$114,598,against$113,932 in 1892; net, $47,156,against $50,168.
37x
43)56; in 1893 to March 17, inclusive, 311
s3>391
2.
A nnd ad R eport .—Report for 1892 was in V. 56, p. 462.
B o n d s .— Abstract o f Clinch Valley mortgage (Fidelity Insurance Tru?
& Safe Deposit Company of Philadelphia, trustee) iu V. 45, p. 541; tb
1889.
1890.
1891.
1892.
Gross earnings.
$1,402,466 $1,592,083 $1,656,522 $1,713,909 issue, exclusive of $500,000 for equipment, is at $19,000 per mile.
Net earnings...
The 100-year mortgage of 1889 (trustee Mercantile Trust Co.) provid*
$551,438 $670,946 $716,455 $730,504
Other income...
for the issue of $20,000,000 bonds, plus additional amounts not exoee
33,527
30,401
30,051
52,752
ing $25,000,000 to redeem by purchase or exchange (provided no i I
Total..............
$584,965 $701,347 $746,505 $783,256 crease in interest charges be thereby created) prior boiids on the 6 (:
Interest oh bonds
$441,120 $445,459 $469,586 $501,463 miles built and under construction,\vhich prior bonds must not be i i
creased to exceed $22,825,000 in all. A ll have the same lien and prn
.Rentals...............
26,491
26,446
26,446
26,725 lege and are equally secured, though issued for diiferent purposes. |
Miscellaneous......
12,955
25,776
14,993
2,906 full abstract of this mortgage was in the C h r o n i c l e , V. 50, p. 208.
Dividends............
100,000
200,000
The Scioto Valley < New England mortgage (trustee Central Tri j
fc
Company) has been limitedto $5,000,000, each bond being stamp
Surplus (over dividends
$52,169 with a statement signed by tlie Secretary of the Norfolk & Westei j
1891 and 1892)............ $104,398 $2o3,666 $135,480
certifying that this company “ has assumed and covenanted to pay 1
1
(V. 52, p. 84, 3 49; V. 54, p. 243, 365, 889; V. 55, p. 147; V. 56, p. 462. 1principal and interest o f this bond.” See V. 50, p. 452.
t
f
t
March , 1808.1
RAILROAD STOCKS JLNI) BONDS.
101
S u b s c rib e rs w i l l c o n fe r a g r e a t f a v o r b y g i v i n g Im m e d ia t e no tice o f a n y e r r o r d is c o v e re d I n th ese T a b le s .
R.A II,ROADS.
I„ „
I
L
....... ..... .........— --------- —----------- ------------------- . Miles ■ Date >Size, or
For explanation of column headings, Sic., see notes o f
of
Par
on tirst page of tables.
Hoad. Bonds Value.
Norfolk a Western—ICm icluded.)—
Scioto Valley St N ew England, 1st M., assmn..g.eSort. St West.—1st M. Maryland A Wash Dtv.,K.C
Deh. ($430,000) for dividend (subject to call)...
Collateral loan.
Equipment M., 10-208, g.,dr’n atlOO aft.May,’98
Car trust, principal ana interest.
Gold car trusts, guar, by EE. Equipment Co.-o!
Car trust of 1803, g o ld .................................. c*
Roanoke St So.lstM.,K.,$15,000p. in.,ffu.p.Ai.e*
Equip, trust, $210,000, guar. p.Ai. by X. A W.c*
Norik Carolina—Stock, 9j>. e, ttll 1001, Rich. A D.
North fari/ic aoast—1st JL, gold, sub. to call at 100.C
General M. for $1,.500,000, go ld ....................... c
1st raort North Pacific Coast KxteB*lonCo.,gold.c!
No. Peon.—Stock. 8 p. c. guar.990 yre.,PhiL St Bead.:
2d m ortgage..........................................................
General mortgage bonds............................... ear
Bonds secured by * 1,200,000 stock................... r
.Vo. <t So. o f I I I . - 1st M.for *600,000 (fl.0,000p.m.)g.
Northeastern (S. C./—stock................................
1st mortgage, provided for by consol, mortgage <
•
2d mortgage, provided for by consol, mortgage, c
Consol, mortgage, (for $1,836,000) gold............ c
Northern, (X . 11./—&tock, 5 p.e.rental till July,1897
Northern Ottliftnmiu—1st mortgage...... .................
Northern Ventral—Stock ($8,000,000 authorized)
1st mortgage, State o f Maryland Joan.................
2d mortgage.
Consol. M., gold, coup., fat. J & J; re g„ A & O.r.t r
Consol gen. M.. g.,s.i.,druwnat 100, f o r * AAB.r
do
do
gold, $, C Sc I ) ................... c
do
do
gold. K ............................ c!
129
255
----
122
___
223
76
91
5
80
50
86
. ...
102
102
102
83
54
188
138
13S
138
138
138
Bonds—PnnehIN TE R E S T OR DIVIDENDS.
pal,When Due.
Rat© pei* When Where Payable, and by Storks—L a s t '
outstanding Cent
Payable
Whom.
Dividend.
Amount
$1,000 $5,000,000
7.050.000
I 500 Ac.
I
500 i
. . .. . 1 2 ,000,000
4.279.000
1,000
j Various!
386,779
i 1,000
877.000
1,000
900.000
2,0-11,000
1,000
1,000
106.000
4.000.
100
1,000
1881
590.000
1.000 1
1892
750.000
1883 1,000
150.000
| .... ;
50 I 4,720,750
1806 500 Ac.
1.500.000
1878
4.500.000
; i 8 8 i - . ... i 1.200.000
, 1890
1.000
(t)
! .... I
so i
900.000
1369 !
500
820.000
1869 i
500
322.000
1883 ; 1,000
694.000
; . ... i
100
2,997,300
915.000
1889 ; ....
. .... j
50 j 7,518,150
1.500.000
1863 SOO'AC.
1.120.000
1868 i 1.000
2,801,000
1874-5! 1,000
1.8 3 5 .0 0 0
1876-7, 1,000
2.000.
1885 i 1.000
1.400.000
1889
1891
1892
1891
1888
---1892
1893
1892
1891
M. A N. N.Y.,Mer. Tr.Co, A Phil,
J. A J.
do
do
A. A O.
do
do
do
do
do
do
5 e- J. A D.
do
do
New York A Phtla.
5 sN. Y., Fid. Ins. A Tr. Co.
5 s- M. A 8.
do
do
l B J. A D. Balt., Mer. Tr. ADep.Co.
'
000 tin. M. A 8.
6 per
Burlington, N. O.
San Francisco.
6 g. M. A N.
5 g. J. A J. 8. Fr.Cal. Sfe. Dei>,ATr
J. A J.
aper an. Q.—F. Phila. Of., 240 So. 3d St.
0 s8
M. A N.
7
do
do
J. A J.
do
do
M. A S.
do
do
6
5 g. i
6 per an. J. A J.
Charleston, Office,
8
M. A 8.
do
do
8
M. A 8.
do
do
, e g., j . a j . X. Y., Cuyler, Morgan.
6 per and q .—j . l!o»t,,Corn'll or Leban'u
5
J. A D. X, Y., So. Pae.. 23 Broad
See text. J. A J. Bait. APhil.,233 S.-lthSt
Annapolis.
6
Q .-J ,
6
A. A O. Baltimore A Philadelp'a
6 g. Various Baltimore, Treats, Office.
6 g. J. A J. London and Baltimore.
000 0 g. |J. A J. Baltimore. Treas. Office,
•this. A. A 0.1
do
do
II:
5
6
£
Nov. l , 1983*
Jan. I , 1941
Oct. 1, 1912
Deo. 31,1893
June 1, 1908
Apr.’OStoOclBOS.
Apr 798-Jan..'0S
M et, 1, 1922
$21,000 Deo,1.
Sept. 1, 1892
Nov. 1, 1901
Jan. 1, 1012
Overdue.
Feb. 25. 1893
-May 1, 1896
Jan. 1, 1903
Sent. l . 1905
‘ 1940
Jan. 3, 1S93
Sept. 1. 1899
Sept. 1, 1899
Jan. 1, 1933
April 1, 1893
June 1, 1929
Jan. 16, 1893
Irredeemable.
July 1, 1900
July l , 1900
July 1, 1904
July 1, 1904
Apr. 1. 1925
Of the Maryland A Washington Division mortgage tor $10,000,600 | bonds are Invalid, In 1891 gross. $418,416; net, *118,360; other income,
82 ,500,000 bonds were reserved to extend the line Pi Washington, 1*22,054; Interest, tax, *, etc., *77,255; equipment.$44,133; permanent
D. C-, and 81,000.000 for other purpose.-. 6ee abstract V. 5 1. p. 2 0 1 i improvement*. H r,. $29,024.
.
The collateral loan for §2,000,000 w as obtained, by pledge o f 100
N o r t h F e tu iv y Iv u n t n .—Owns from Philadelphia. Pa., to Beth
year mortgage bonds, fur couatruoiion, etc- V'. 5-1, p, 600.
The gold ear trust- fo r *900,000 were issued fa 1892, each being in lehem. Pa.. 50 m iles; branch#-* to Delaware River, Ac*.. 30 miles. Leased
dorsed with a guaranty o f principal and interest by the Railroad for 990 years from M ay 1, 1879, to i ’ hiht. A Reading at 8 p. e. on stock.
N o r t h & S o u th o f U llu o ls . —Owns from .Springfield to LitchEquipment Company. These oar trusts are not subject to uall before
1 .,
maturity, but fall due in forty quarterly instalments o f about ($23,000 field. 1 1 t:t mites, and fr*>m Utvhih-ld to Mount Olive. 7 miles,
each, beginning Jan. 1 .1893. Thu equipment mortgage of 1892 has The St. land* A Chicago defaulted on January, 1889, coupon,
and foreclosure sale o f main line was made October -1. 1,889, and or
been limited to $900,000, and a ll too bond* deposited m security for
the present gold ear trusts. The Car trusts o f 1893 are also payable m the branch February 5. 1890. Litigation having been landing the re
ceiver hits not been discharged. In September, 1890.road win leased t »
to n y quarterly Instalments.
Roanoke A Southern bond* for $2,041,000 were guaranteed In Febru the Chicago Peoria A » L Louis at $40,000 per annum, lease to last dur
ary. l8 9 S ~ m e that company in stfm.ssMfisrc for January. 1893, also ing the reeeivershlp. Bee V. 51. p. 830, Stock—Common. $1,500,000;
V. 54. p. 6 01. 68 t, N. A W . owns 81,837,000 » f the P, A 8. stuck for preferred. $1,300,000, 5 per cent ami-emu.; par, $10o.
*2,396.400 and leases the road tor 999 ) ears. Bond- may in* Increased
.S o rth e a s te rn (s . C .)—Own* from Charleston, 8. 0., to Florence.
to 84,0-11,000 for additional mileage.
8. C „ 102 m iles: i.-ases Jointly, Lane. 8. C., to Sumter, 8. C., 38 miles;
F n u s e tt.—Tha strength o f this company lias been in Its local total operated, 140 miles. O f consolidated mortgage $1,142,000 wasbusts***. The uunorai section traversed by the line Is shown by a held to retire debt* o f prior lieu. Stock, *900,000; par, *50. In
special map on an adjoining page. The Ohio extension, 18,1 miles, was year ending June 30, 1892, gross earnings were $659256 (against
completed In September, 1802. affording direct communication by the ■*734,642 in 1890-91); net. $138,845; net Including other Income, $194,company's own line to Columtuts, Ohio, and thence by connecting 2 *9 ; interest paid. $133,000; dividends lilp ercen t), $54,000; balance,
road* to Chicago. In s e p t, IM n , company reported $0,205,000 o f the surplus. $7,289; total surplus June 30, 1892, *104,744. (V. 53, p.
106-year five* to be outstanding; on the N. V. stock Exchange in 9 2 1 ; V . 55, p.461, 1 034.)
March, 1893, were listed only $7,205,000.
N o r t h e r n (N e w H a m p s h ir e ). —O w n s from Concord, N. H., to
The October, 1892, dividend on tins preferred stock was reduce#! to West Lebanon, N. H.» 70 mil#-*; branch, Franklin. N, £
to Bristol,
1 per cent and paid in scrip convertible into debenture bond*, the net » • H-. 13 m iles; fetal, 83 mile*. A lease to Boston A Lowell for 90
totow n appllnaofe to dividends for the twel ve months ending Juno 30 , years from January 1 , 1890, was ratified in December, 1880, and then
1892, which equaled 2% per cent on the stock, having been largely
applied to ocmxtruction. dee V. 55, p. 544, also earnings below.
President Kimball In September, 1692, stated that no farther largo
Issue o f bonds fo r capital purposes woe contemplated and that •• the annum has been paid regularly from the oontlngcDt'fuml','^ wbich^on
capital expenditures after tlWMslose o f this year (1892) w ill be cottoned May 1,1891, amounted to $369,068. 8 e« V. 53. p. 95.
to mteii mndernte annual expenditures for equipment, additional side
N o r t h e r n C a lif o r n ia . —Owns from Knight's Landing to OrovtUe,
tracks, doable-tracking and terminal facilities a* tin- annually taCal.. 54 miles; completed In December, 1890. Leased to southern P a
oremsliut traffic w ill necessitate, from which ample returns may be o r
cific Company, width owns *1.277,800 of the $1,280,000 stock. In.
peetod * ' Bee V. 53, p. 523.
1891 gross earnings were $95,824; net. *3,333, against *20,362; dellott
h h t m r E-tK.vt.vos,—Jan. 1 to Jan. 31,1893 (1 month), gross. $063,747, under charges, $46,628,
against *700,262 fa 1892; net, *86,432, against *167,076.
N o r t h e r n C e n t r a l. —Owns from Baltimore, M d„ to Snnbnry, Pa.,
AkNttxt. RtsroBT.—Fiscal year ends Dec. 31.
Annual meeting Is 137 miles; branch—Hollins to Green Spring Junction ,9 miles; leases—
bebl at Roanoke. Va.. on t o t Wednesday in May. Report for 1691 ehamokin Valley A PoUsvtUo Ihdlroad, 30 miles; Elmira A Williams
was published In the d ta o x te u t, V. 54, p. 596, 599. Otoe also p. 582.) port Railroad, 76mUes; operates at cost—Elmira A Lakes Ontario R ail
The statement for 1891-92 below is an official report for the year end road. 100 miles; Summit Branch Railroad, 20 m ile; Pennsylvania
ing Ju s* 30, 1802, but the fiscal year still ends as heretofore Dec. 31, Rallroio.l, 3 miles; total operated. 375 miles. Also uses New York
For the calendar year 1892 gross earnings were *9,052382; net, * 2.- Lake Erie A Mcstorn trucks, 7 miles, and Philadelphia A Brie tracks
921,209, against *3,178,275 In 1891.
between Sunbury and Lewls|>ort, 40 in., and owns Union RR., 9 miles.
..
18891890.
1891.
1891-2.
ORiiANigATios.—Tills was a consolidation o f several roads In 1854.
Average mile* operated.
591
826
L09l
1,186
Controlled by the Pennsylvania R K „ which owns *3,488.950 stock.
-§940.303 *1,612,200 *1,810,593
Passenger earnings.......
* .........
BECOKiTfbs OwfiKp—On Jan. 1, 1893, company owned the following:
Freight earn in gs........... 4,417.313 5,636,218 6,980.130
B tfttm oreA F gtom ac stuck, $022,350; Elmira A Lake Ontario stock
Man, express, .A®..........
239,503
313,438
388.319
mil). $1,500,000: SUnmokln Valley A Pottsvtite stock, *019.400; Union
HR. stock (all), *1,200.000, etc. The income from investments In 1893 •
rotal grow earning*...... $5,597,125 *7.861.915 $9,198,042 $9,494,411
Oper.axpen.ilneL taxes). 3,483,352 4,638,610 0,009,787 6,388,028 was *296.059, of which *240,000 wn» from dividends on Union RR.
and gronnd rents on January 1 .1893, were
Net earning*................... $2,113,778 $2,723,305 *3.178,275 *3.106,383 *319,830; "oth er liabilities," $969,074.
I . c. o f op. ex. to earn gs
<82-o<>.
(64 00)
(65-41)
——O m i.K M is paid since 1 8 8 2 -From 1833 to 1880 inclusive, 8; in
tom m o from Invest., Ac. *144,148 *233.919 *196,643 $209,881
From BUen, Valley fund t
.............................
135,000
135,000 1 88 #,« ami xo stock ; ill 1888, 7 ; fa 1889. 8; in 1890, 8 p. c.; In 1891,
< p. o.; in 1892, Jan., 4 p. c,; July, 3 p. e.; in 1893, Jan., 0 p. o.
L a t k - t Etn.visns.—Jan, 1 t o Jan. 31. 1893 (1 month), gross, *021,Total net Income........ *2.257.921 $2,957,225 *3,409.020$3.451,26i
latorest on bond*. Ac —
1,451,265 1,814,008 2,266,130 2,333,223 718. against *540,910 In 1892; net, *109,470, against *132,03^.
R ei,U I« l.y„ch. A ln ir ..................
................... .........
19,960 . M S5,AI* R fa'oB t.-FH i-al year ends Dec. 31. Prostdent's report fo r
D iv id r u d o n p ra t, s t o c k , . (3 )6 0 0 ,« K > (3 )7 3 5 ,0 0 0 (3 )1 ,0 7 2 ,8 0 0 *1 ,0 3 0 ,0 0 0 1892, given at length in V. 66. p. 287, 335, showed the following:
M M e e U a s e o u a ..................
4 1 ,6 0 9
8 8 ,6 0 7
, .........
.....
„
,
^
1889.
1890.
1891.
1892.
_Balani-,., surplus.
~ ~ vsqvMpiMQ,.,,., *106,047 if.
~~
f,
.
*319,610 *131,290
§68,081 Gross earnings............. *6.060.950 *6,608.707 *6,820,568 *7,191,290
N et earnings............... 1,944,356
1,687,038 1,903.346 2,078,930
* J/ivid.mil 2% m t Cient, o f which l per cent in scrip cotirertiWo into
307,628
522,951
377,181
333,886
nonm.
f D w irm t from a special fund of $270,000 ereato<t under Other receipts.............
aiapre^raent with the Mhenamioah Vaiicy.
Total net Incom e.... $2,447,728 $2,209,089 *2,280,527 *2,412,816
5®-*'
464,870
475,572
440,461
442,140
W j ; V. 55, p, 100,403,544, 639; V. SO, p. 105.) 5» « * *9®. 845, 887, Rentals, Ac ...............
Interest, on debt..........
931,481
924,039
914,001
8691698
N o r th C a r o lin a ,—Owns from Goldsboro to Charlotte, N. C., 223 Dividends................... (8) 571.975 (7) 526,260 (7)526,263 (8) 601,444
I ! » 1H71- l"
Richmond A Danville for 30 Miscellaneous.............
293,828
226,654
229,558
129,341
* . . 1 ' ' ? * ° 1,, r Fpar- Dividends o f 6 per cent arc paid on the
stock, o f wbleb the state nt North Carolina holds *3,000,000, and the
Balance, surplus.... *185,573
$57,102
il7 0 J M X
*370,193
v f i S r-m* r w ”7^4 h* ‘ he Stole »re applied to her bonds Issued to - ( V . 50, p. 3 t l, 519; V. 52, p. 4 62 ; V. 54, p. 327, 844; V. 56, p. 385.1
the North Carolina Railroad.
N o r t h e r n o f N e w J e r s e y .—Owns from Bergen, N. J., to SparklU
N o r t h H u d s o n f o u n t } .—S er "M lM r.IXANKOR* COMPANIES.”
N. J., 81 mllea; leases Bparkul to Nyack, 5 miles; total operated, 26
. . ' ‘ •r***
Const (N a rro w - C a u * c ). —Own*San Francisco to ndle«; By contract of April, 1869, it is operated by New York Lake
• ; ‘ Tam-b,-. to San Rafael and Mill Valley, t miles; Erie A w astern at 35 per cent o f its gross earnings and five fifty-sixths
K J w k S s 8*?- Qbentin, 3 miles; total operated, 94 miles, iuchuUng of the balance. It is understood the contract Is terminable by ettbe
S ^ i i e
miles; also h»s ferry to Ban cjnentin, 1 1 mliesT nartv on Holloa. The stock Is *1,000,000; par, $100. In Jan., 189(v.
re tire ""^ £ ’ \ f',r:ivc* and general martgage issued for *1,500,- dividend o f 2 per cent- was paid. In 1801-92 rental received was
222*2
* ? * * " * '" « , . new steamers, etc. Stock auth- t 1. -?.-' I bet over expenses, *93,765; interest, rentals and ta x es,%
* 3,090.000; outstanding. *2,*00.000; par. *100. Suit to tom- *55,237; dividends (4 per cent). $-10,000; balance, delloit, $1,472.
* 'no/t'fbge fur *150,000 was Instituted in Fete DtvIUKNns. From 1884 to Jan., 1893, inclusive 3 to 4 per cent yearly.
rK*ry, 18<J3mmg%tkrm o f fFHiid arc? laade and II is claimed that the - ( V . 53,p- 6 0 3 ; V. 55, p. 461.)
102
IN VESTOKS’ SUPPLEMENT.
[You IAL
—
■
mtmri
NORFOLK &
WESTERN
R A ILR O A D
rflt, c
,— — T»
S t f e r a i F SH I
a
LEAD mi
_______
'b a
COPPER SsSSSS 3
s ic
,V|V» uc * iu «k)
RAILROAD
•DAW
^MW
Iv-uh*rf 'omwAin
H M ;.
C»
"
i l l
.... .
^ rT iu i'n n ^
» « ■ ■ » - - Thoi n’pt un^
" ItliOni;. l’ L'rKvaS^
STOCKS AND
<V’ VvV
NV | p p v «r
S" /
F
■
r s r ,c
SVrotuiii
I°r
U ’tmti
U
Ida
^TfOUlVUjB
A0» prtnoetots
m s r ,
r a nwe
ROAN OH
BONDS.
a u U ts to
xjnb Jack
woo
irium
tixtoknuol
KrnnkHn'
Claiktoir
|Juno.
^ -l»| U U glCBfS?)
tycfr^'Arii~xt<m 40**w'/
'.
V
'■
»»*• *£ # **
j^A t l I&OX! &
K s c r s .
i • r«t
'
mil pi*-—
111 jJ(Ji<Kky-^U,
;;
HNothitUe
Lentil# i
JI
i
M^iAyyiiurn rnlf^
tlf
r
r/
^Crystal o/
HUlv/
U AC
Mg t
_ TCOPPfcflAft HfL!
^G068AF®'
^
South Boston)
Dunvllk'
Dynnlstmij
ATJtfANTlO
,
103
Ri&gevmy
104
INVESTORS’ SUPPLEMENT.
March, 1863. J
KA IUtOAD
STOCKS A N D
BONDS.
105
S g b u c r lb e r i w i l l c o n fe r a g re a t f a v o r b y g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e re d In th ese T a b le s .
Bends—Trine 1
IN TE RE ST OR DIVIDENDS.
RAILRO AD S.
pal, When Due,
Miles Date Size, or
Amount
When Where Payable, and by Stocks—Last
of
Par
Far explanation o f column headings, Ac., see m les
id
of
Outstanding Rate per Payable
W hom.
Dividend.
Cent
on t o t page o f tables.
Road. Bonds Value.
A o rih e m Central --/ Court.)—
2d gen. mod., series " A " <s. f. $30,000 yearly) ,o* 138 1876 $1,000
1,000
1876
2dgen. mort., series “ B " .....................................c 13S
Union RR..1 sDoas'di$l 17,000end. byB aitC ity.e'
9 •67-’70 500 Ac.
1.000
9 1873
2d mortgage (assumed) $ or £, gold............... .0
1887 100&C.
Worth, o f New Jersey—3d 51,,now l9t(for$700,000).e
21
100
Sort/urn Pacific—Common stock.....................................
100
Preferred stock (8 per cent, not cumulative)— ...........
lstM.andid.gr. Missouri I.Uv.. ilrin at par.e'Ar 205 1S79 100 Ac.
lsiM.andid.gr. P. d’Or. Div., drawn atpar.e'Ar 225 1879 100 Ac.
Gen.lstM. Id. gr„ g.. $25.000p. ni.,dr. at U0c*Ja'.2,146 1881 l.OOOAc
Gen. 2d mort., gold,land grant, dr3i at 110.. <s*4r 2,146 1883 1,000Ac
Gen. 3d mort., goid, sinking fund, not drawn.CAr 2,146 1887 l.OOOAc
CouboI mortgage for $160,000.1)00, gold......WAr 3,476
1890 l.OOOAc
Dividend certificates, ert’d in ’88, red. after 1S92
18.88 500 Ac.
1899
Trust equipment
1892
One year note-*, secured by consols, etc......
1,000
64 | 1896
James River Valley RR. 1st M.. gold t r , 500
Coear d'Alene 1st M,, g „ not drawn...e* : . S § # ; 39 1886
49 1888
Gen. M „ $25,000 p. m,, s ................ .c* i i J i !
1,000
Spokane A Palo use 1st M., gold .........e* si-5 S 7 110 1886
1,000
S35"
1,000
Duluth A Manitoba 1st mort., gold___e* 2 « © *-<I n o
1886
l.oo o
96 j 1887
Dakota extension 1st raort.. gold.......
1,000
17 1887
Helena A Rod Mountain 1st 51.. gold c*
So. Pac. A Mon. 1st M .,g „n o t dr’ n
t-r * 2 i %
225 1888 1.OOOAc
i.
Cent. Washington i:H. 1st M. gold..«-*.*r 103 1888 l.OOOAc
i.ooo
1990
____
Nor. Pac. A Manitoba Term. 1st M.. gold ■ 'S J 3
Seattle halre8. A East, let M., gold, guar.........n- 227 1996
l.ooo
l.ooo
WarthemFue. J>r.C’o.— l*t M.. gold, red., at 110...O*
1983
1,000
Worthem Railway (• of.)— 1st M., int, guar., g o ld .. 149 1877
Consol. M. i$21,000,000),go!ii,l st M on 197 ni,c**r; 386 1888
1,000
100
goneieh <t Worcester—Brer. stock, 8 p. e. rental—
1,000
1st M „ principal and lot, guar, by N, Y. A N. K .c
1877
$2,621,000
5
J. A J. Baltimore,Treas. Office.
do
do
5
J. A J.
1,000.000
do
900,000
6
J. A J.
do
600,000
6 g. M. A N. X. Y., London A B a lt
625.000
J. A J. Jer. Citv, Hud’n Co. Bk.
6
49.000,000
N. Y., Mills Building.
36,298,650 See text
do
do
6
51. A N.
f A.i OtJjWU
6
M. A 8.
do
do
do
do
J. A J.
48,585,000
6
do
do
19.328,000
6 g. A. A 0.
do
do
11.461,000
6 k. J. A D,
(See text.)
5 g. J. A D.
do
do
do
do
519,500
6
J. A J.
do
do
3,000,000
7
Q.—J.
do
abt8,000000
6
do
(?)
do
do
963,000
6 g. J. A J.
6 g. >1. A S.
do
do
360,000
do
do
878,000
6 g. A. A 0.
do
6 g* M. A N.
do *
1,766,000
do
do
1,650,000
e g . J. A J.
1,451,000
do
do
6 g. J. A D.
400,000
do
0 g. M. A S.
do
5,381,000
do
do
6 g. M. A S.
1.7.50,000
do
do
6 g. M. A 8.
do
do
750,000
5 g. J. A J.
5,675,000
do
do
6 g. P. A A.
3,600,000
6 g. J. A J. N. Y., Winslow, L. A Co.
5,156,000
G g. J. A J. N.Y., So. Pac. Co.,23 fir'd
4.751,000
do
do
5 g. A. A 0.
2,640,300 8 tx^r an. J. & J. Boston, Second Nat. Bk.
400.000
M. A 8. Boston. X. E. Trust Co,
6
Jan.
Jan.
Jan.
5Iay
Apr.
1,
1,
1,
1,
1,
1926
1926
1895
1900
1917
April 15,1892
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921
Deo. 1, 1933
Dec. 1, 1937
Dec. 1, 1989
Jan. 1, 1907
Oct, 1, 1898
Ab’t Sept,, ’ 93
Jan. 1, 1936
Sept. 1, 1916
Oct. 1, 1938
May 1, 1936
July 1, 1936
June 1, 1937
Moh. 1, 1937
Sept. 1, 1938
S ept 1, 1938
May 1, 1939
Aug, 1, 1931
Jan. 1, 1933
Jan. 1, 1907
O ct 1, 1938
Jan. 5, 1893
Moh. 1, 1897
N o r t h e r n P a c ific . —! Site Jfxn.f—L iv e o r R ou s—Main line—Asu bees executed. Of these $44,064,000 were outstanding and bearing
land, Wta., to Portland and Walluia Junction, Ore., 2,137 mile*; Duluth interest; $3.34'5,000 were « t aside for preferred stock and $12,518,to Sorthern Pacific Junction (H interest), 24 miles: Northern Pacific A 000 belonged to company itself, a p a rt of these last being pledged as
Manitoba (connecting with Canadian Pact tic at Winn (peg and Brandon),1eolI&i«rah 8oe V* 55, p. H i 1,
264 m ile* ; various other lines and branches, 875 m ile s . Total owned, ] AII the issues of leased line bond* given tu the table, except the Cteur
3,354 miles. Leaaea—8 t Paul A Northern Pacific, BrainCrd to St. Paul, i'Aicnc 1 « its of 1886. the Northern Paeiflo A Montaua bond* and the
and branches, 182m iles: trackage—Si. Pan! Minneapolis A Manitoba,; Seattle lAke S h o r e * Eastern fia may be drawn and redeemed at 105
8t. Paul to Minneapolis, IS miles; Minneapolis Union terminals, 3 i .certain amount* peryeari. The sin king fund In most ease* com mending
m ites; other line*, 3 m ile*; total, 1$ mile*. The Northern Pacific also 1 'cn year* after the date o f Issue o f the respective bonds, the Northern
operate* the follow ing road* and guarantees a certain rental, sufficient Pac. guaranteeing payments suifloient to retire entire loan by maturity
to pay interest and staking fund*;
F lo a T iko D ebt .—Floating debt on Oct. 20,1892, wan $9,385,526, o f
Prom
To
Miles. which about $3,000,000 were one-year note*, secured by deposit of
James R iver Valley.............. Jamestown, Dak ...Oakes, D a k ...____ 64 consol* and other *ceur!ti-». V. 55, p. 723, Stockholders v o t- April
1-IUilittl .4 M illi tub.*................'H
I
> . I, : : ! X'.. : , I."
•
30,1393, on proposition to *«U the stock o f the 8t- Paul A Northern
“
’*
“
D a k. D iv O r a m f P o rk s . D a k . I n t i B ’ n d a r y .D a k . 97 racific iu order to pay off about 60 per cent o f the floating dobt. See
ftpokane A Palouse ............... M a rs h a l! J e ., W a sh G en ese e,M a h O p k e. 149 st. p. A Nor. Pac. a «d V. 56, p. 230, 364 Persons opposed to the sale
Selena A R e d M o u n t a in ........H e le n a , M o n t . . . ____ R im in i, M out ......... 17 o f the .31. Paul A Nor. Pac. stock have proposed a plan for funding the
Northera Par A M o n ta n a ----- N u m e ro u s t i n e * .........................
35-1 floating debt into collateral trust note*, similar to those ls.su*1 by the
Central Washington..............Cheney, W ash........Grand Coulee........109 Colon Pacific.
Also operate* th e lin e s o f th e W is c o n s in C e n tr a l C o m p a n y (w h ic h s e e ),
L a s w i .—'T he land grant o f the company was 12,800 acres per mile In
m aking grand t o t a l July l , 1892. 5 ,2 6 2 mite*. I n a d d it io n o w n * a con- States and 25,600 acre* per mile in territories, and the land* named by
trolling interest in t h e S e a ttle L a k e S h o re A Eastern. 240 m ile s , c o n eonstruetton to June 30,1892, wore estimated to he u lo u l 49,824,960
necting with t h e Canadian P a c ific .
acre*, o f which about 38,321,050 remained unsold. The lands eaat of
H irroair, E tc .—T1ii.« company was chartered b r a c t of Congress July Bismarck (Minn, and Dak. D iva ) are pledged to tho preferred stook,
2,1964. The road opened, 456 miles, to Bismarck, was foreclosed Aug. and that stock I* received in payment therefor.
For tho fiscal year 1891-92 total Land sale* were 553.879 acres for
12,1875, and reorganized September 29,1975. The Chicago A Northert
Pacific, with It* large terminal* at Chfkngo, 1* subleased from the W la $2,308,990. Total sales. Including town lot*. Ac., were $2,068,065;
total cash receipts for year, $2,770,019. For 7 mout its, July 1, 1892, to
oernsin Central and interest on it* bond* guaranteed. Cli. & Nor.
Pacific stock tor *15.016,(KK) (a minority !ntore»t» i« owned by the J an. 3 1 ,1893, total cash receipts, $891,815 rrom sales, notes paid, Ac.
Total deferred payment* m ot.*) against land sales on Feb. 1,
Northern Pacific, T h e Chicago A Calumet T e r m in a l Railway haa also
been acquired, ali It* stock and bond* being held by the Northern 1893, was $5,241,092, of which $708,311 was applicable to the retiref meat o f preferred stock. $1,826,214 to Missouri Division and to Pend
Pacific in the interest o f the Chicago Pet miaul System. See Chicago A
Northern Pacific. In February, 1SS3, it was proposed to sell the capital d’ Oretlle Dtrislon twinds aud $2,706,836 to the general 1st mort, bonds.
stock of the St. Paul A Northern Pactflo—*e e floating debt below.
• f,A T »T KUitKtxu.H.—The earning* o f the whole system, including the
C i r r i i t STOCK.— T h e p r e fe r r e d s t o c k h a * a p r e fe r e n c e f o r 8 p e r Wisconsin Central, fo r ? months ending Jan. 31 were as follow s: [Bee
cent to each y e a r I f e a rn e d , b u t is n o t c u m u la tiv e , D i e c o m m o n stock j article on half-year ending Dec. 31,1892, in V. 56, p. 266.)
th en take* 9 p e r c e n t, a n d a f t e r t h a t b o th s h a re p r o ra ta . T h e p r e fe r r e d 1
7 moi.
Orots earns.
Xct.
Oth. income. Fix. ch arges. Surplus.
stock's c la im o n n e t in c o m e is s u b je c t t o e x p e n d it u r e * fo r n e w e q u ip i 1892-3..... $19,121,210 $8,026,912 $1,255,881 $8,360,417 $922,376
m e n t P r e fe r r e d s to c k to r e c e iv e d in p a y m e n t fo r c o m p a n y 's la n d * rust , 1891-2..... 18,954,201 7,921,731 1,051.095 7,689,101 1,283,675
o f M is so u ri R iv e r a t p a r, a m i th e p ro c e e d s o f mui { g a d s s o ld g o t o it * r e
Or.N-KRU. FrvvseE*,—In
tirement. T h e p r e fe r r e d s to c k h a * th u s b e en r e d u c e d fr o m $.*>1,600,000 lifter examination o f the February. 1893, a stockholders' oommlttoo
road presented
report in which, while
to the present figure. T h e b a ck su rp lu s d o e th e p r e fe r r e d sto c k b y wav j making various criticism*, thwy stated that a the physical condition o f
"
o f d iv id e n d * if, « „ f o r d iv id e n d * e a r n e d h o t n o t d is tr ib u t e d , u n ea rn ed the property win found to bw excellent,” and its businosa "grow in g
d iv id e n d * tin t b e in g O B K iu bU lvc) a m o u n te d on J u n e 30, 1 *9 2 , to $2,reply to
844,429, In v e s te d in c o n s o lid a te d b o n d * o f t h e p a r v a lu e o f h iBlthfdlly." p.President Oakes' 354, 373. the criticisms was given in
full in V. 50,
362: see also p.
$ 3 ,3 4 7 ,0 0 0 . I n O c t o b e r , 1 8 92 . th e p r e fe r r e d s t o c k h o ld e r * v o t e d n o t t o
c e l l th r e e b o n d s , w h ic h a re h e ld b y t h e F a r m e r * ’ D oan A- T r u s t C o m
pany, u n til t h e y r e a c h 90. S ee V . 5 4 , p. # 7 9
In A n g u s i, ) * ( ) „ ’ . th e p r e fe r r e d s to c k a s s e t* tn e lu d c d tins f o l l o w i n g :
93347,009 OOflaois, e q u a l a t 7 0 t o $ 2 ,3 4 2 ,9 0 0 : la n d n o t e - - m i r e d on
lands sold to actual s e tt le r * a n d w o r th par $817.258; land in M in n e
s o ta , a b o u t i ^ 0 , M 9 acre*, and la n d in North D a k o t a , a b o u t 1,800,0 0 0 a .:re*, in a il a b o u t 3 ,0 0 0 ,0 9 0 a c r e * , w o r th , a t a l o w a v e r a g e , a c c o r d
in g to th e h a n d C om m U M om -r. r l p e r a c r e , o r $ 1 2 ,0 0 0 ,0 0 0 .
fa M a y , 1892, th e c o m p a n y w w iK -n ded q u a r t e r ly ca sh d iv id e n d s o n
the preferred s to c k , p n -w in g th e d iv id e n d d u e in J u ly .
0 r m > K * M < M p r e fe f t w l.— In 1 8 83 , 11 D o; fr o m 1884 t o 1 8 8 9 tfislu a tv e,
»1 I; in 1890 and 1891, ea ch 4; In 1892, J a n ., 1; A p r il, 1; sin ce, n on e.
P * K W o r S t u c k .--C o m m o n l a 1 .8 9 5 ,1 5 * 3 1 4 * ; to 1886. 2 2 3 3 1 % ; lu
1 3 8 7 . 2 9 * 3 4 % ; t o 1 8 8 8 ,1 8 % ® 2 9 % ; In 1880, 2 8 * 3 8 % ! in 1 8 9 0 ,1 6 %
* 3 9 % : in 1 3 0 !. 2 0 % * 3 0 % ; in 1 8 9 2 , 1 8 * 2 8 % in 1893 to M a r, 17 ,1 a•clnsive, 14%*18%.
Preferred stock In 18*5.36% *8 5 * ,; in 1886. 5 3 % * « f l « a ; in 1837,
*• '■
...... ■
>
% * 8 4 ; t o 1889, 5 8 % c
:.j.
in 1891. 58%*7M%-. in l « « 2 , 41 - • 472% In 1 *0 3 t o M a r. 17, tnclu-
*tve, 3 9 % * 50%.
B o s o e . —T h c g e n e r a l 1st, 2d a n d 3d m o r t g a g e * b a r e a firs t, se c o n d
a n d t h ir d lie n r e s p e c tiv e ly o n th e c o m p a n y 's m a i n l i n e a n d o n th e
ta n d e , e x c e p t a * t o th e p a r t* .subject t o th e t w o d iv is io n a l m o r tg a g e * o f
i s 7 i ) a n d tlie ia n d a e n t o f th e . ' ■ ! -o n ri t-Uver, w h ic h a r c ; t o th e pre* » l h . T h e g e n e r a l i - 1 a n d 2 d m o r t g a g e ito n d * a r e s u b je ct t o
e » l l a t 110 a n d a rc d r a w n a n d p a id o f f b y a s t o U l i g fu n d a m o n n tiu g
A s s p a i , R kpo rt .— Fiscal year end* June 30. Annual m e-tlng Is
! in id at New York on tb * third Thursday In October, Report for 1891I 92 was in V. 55, p. 658.677,081. The » Isoonsin Central does not figure
: In tile gross and net earning* below, but the net result from operating
its linos is added to got the year's surplus.
Y ri.enitingJunrliO . 1 88**9.
1889-90.
1890-91.
1891-92.
i Mileage, June3 0 ....
3,405
3,774
4,252
4,357
Pawengar earning*. $3,324,163 $6,107,702 $6,680,492 $6,296,285
I Freight earning*... 12,877,838 15,600,320 17,531.222 17,383,771
M ali,express.A c ... 1,005,467
842,481
939,830
981,401
Grow earn togs.. $19,797,468 $22,610,503 $25,151,544 $24,061,457
Operating expenses. 12,185,944 13.468,740 15,400.996 14.577,349
N et earnings........... $7,521,524 $9,146,757 $9,750,548 $10,084,108
Per ct. exp, to cam 's
81-83
59-54
0123
09-11
Other income, A c ...
$532,325 $1,341,172 $1,593,135 $1,064,204
Total net Inc.....
! Interest on bonds...
j Rentals...................
i Guarantees.. . . . . . . . .
i Pny'nt*, other lines.
Dividend*...............
! Sinking funds.........
j Mined, (gen. tot,A c.)
$8,053,849 $10,487,929 $11,343,683 $11,748,312
4,917.833
5,115,752
6,247,074
6,901,956
1,159,263
1,424,021
1,362,114
1,230,214
1,060,788
1,333,008
1,014,698
1,086,908
...........
144,630
387,365
394,953
.......... (311,112,732(4)1,472,466 *(2)731,862
343,309
301,918
73,000
1,188,018
91,228
108,708
348,078
111,375
yearty to 1 per cent o f total tiond* issued: hut all coupon bond* must i
Total payments. $7,572,371 $9,540,770 $10,905,395 $11,645,286
be p a id l»e fo r e r e g is t e r e d t o n : , a r e .c a lle d . D i e 3 d t n w t g a g o (s e e a b
$181,478
$947,159
$138,288
$103,020
stract, V. 47, n. 211 ha* an accumulating sinking fund to begin In 1394 : Balance, surplus....
e q u a l to l p e r c e n t o r e n tir e issu e y e a r l y fo r iU iret! 1 e o f botiii.', a t 105
o r f o r t h e ir re d e m p tio n a t m a tu rity , b u t n o b o n d * c a n be
* Dividend No. 9, additional, paid Oct. 1,1891, $366,191, waa charged
against surplus of June 30,1891.
<P. 54, p. 76. 159, 266, 328. 405, 441, 821, 968) V, 55, p. 58, 177,
D i e co n s o lid a te d m o r tg a g e f o r y s c o .o o o .o o o w a * Issued a c c o r d in g to
p la n t o O tin o N ic tt:, V. 49. p. 373. f t c-over*. su b ice t to p r io r lie n * , th e 297. 3.5.5. 421 , 501 , « S 8 . 6 7 7 . 679. 6 8 1 . 7 2 3 , V , n , 1 1 1 ] ; V . 56, p, 42,
m a t h lt a ® a n d b ritn e b e *, a o n e -h a lf u n d iv id e d in te r e s t fa 24 m ile s m o re , 260, 289, 332, 351, 362, 373, 403.)
a n d M l th e la n d .grant e x c e p t th a t ea st o f th e M is s o u ri B h rsr, w h ic h
is su bject t o th e p rc fc rrrs l sto ck . In w h litJ o n to this th e b o n d * a t presN o r t h e r n f a c t o r T e r m i n a l C o m p a n y .—Owns terminal facili
■ e n to iite s a n d ln g a re » fir s t H en o n 1.330 tiiile * o f b r a n e h e * which, n a v e ties on the Willamette River. Oregon, at Portland, East Portland and
n o p r io r m o r tg .ig c o n th em . T h e s e b o n d s a r e n l*b issu ed in p la c e o f ' Albina, comprising lauds 270 acres, trackage 21 mile*, buildings 30,
pn orboTsiisox, th e cm in bn- and d iv is io n - r e t ir e d b y s in k in g fu n d s, (S ec dock frontage 7,004 feet. They are leased for titty years from January
fu l! a i w g w * O f m ort, tru stee . F o r m e r * ' L 'n A T r . C o . - l n V' 50, p. 279.• 1 ,1883. jointly and severally to the Northern Pacific Railroad, the Ore
A * t o I he am oti n * o f c o n s o l* rm ta fn n d in g th e ■o m p a n f * T re a s u re r w » * gon Railway A Navigation Company and the Oregon A California Rail
41 n o ted tn D r e e m b e r . 1892, a * a ta tin g t h a t $ 5 9 ,9 2 9 ,0 0 0 o f t h e smme tout road, with a guaranteed rental sufficient to pay fntorost, sinking fund
INVESTORS’ SUPPLEMENT
1 0 0
M A P OF T H E
OHIO RIVER R. R.
AN D CONNECTIONS.
(V O L. L \ l ,
BAILKOAD STOCKS AND BONDS.
K aech , 1863,]
107
S u b s c rib e r !, w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
RAILRO AD S.
Miles Date Sire, or
of
of
Par
Road. Bonds Value.
For explanation o f column headings, Ac., see
on first page o f tables.
Oconee A W estern-1st 31., $9,000 t> m„ gold.........
.
Offdeneb. A Lake Champlain—Consol.M.fnow 1st M.)
income bonds, not cumulative.............................
Guaranteed debenture bonds.............................. r
OgilettsbTranaitCo. 1st MJCent.Vt.AOgdens.,gu.)
Saratoga A St. Law. 1st M „ for $200,090, gnar.. r
Ohu> A MUtissrippi -Bboek (-$4,030,000 is pref)........
1st consolidated mart. (©,445,000 are Blnk.fd.)e’
tat consolidated mort., sterling, s. f. not d r'll... e*
2d eonsoL mort. (sink, fund), no draw ing.. . .c '
Spring. Div. (3p. A I1L S. E.J 1st M. ($3,000,000) o'
1st general mortgage (for $16.000,000).............c*
R jo lp .T r.,3 series, 10 per et. drn. yearly at 100. e '
Chn. A Bedford 1st mortgage, gold............... ......
OAio M w r - 1st mortgage, $12,000 per mile, gold.e*
Gen. M. (for $3,000,000), void, 1st on 39miles. .o'
Ravenswood Spencer & Glen. 1stM „ goRUttar.o*
Huntington A BigS. istM . ($400,000), gold, gu.c*
Oh at Sou th ern - 1st mort. #15,000 p. in.) g o ld ....c
General mortgage, (for #2,3(»,0M>> gold...........c*
0 mo Yalta/, Kn.—1st mortgage, g o ld .................. c*
General consolidated mortgage, gold, guar......c
O Colony—Stock................................................. e»
s*/
Bond* (not mortgage; .................................... cat
Bomb*
do
.52, 000,000 F. A A ., A ug.'07) c* r
tsonaa
do
....... ............... . ....... „........
I
; -•
• V- Bonds not mort. (#750,000*84, due July, 1904)..
N ew Bedford RR. 1st mortgage..........................e
Boston / It it. F. A S , B. wort., list. goat. by rentiU.c
Omaha <t St, Louie—1st mortgage, gold...............c*
2d mortgage ($4,000 per u.ile, gbld............... . . 0*
Funded Interest certificates. redeemable at 100., I
Amount
40
118
1393
1880 500 Ac.
100 Ac,
1,000
9
028
393
393
393
222
1889
Bonds—Prinol
IN T E R E S T OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stocks—Last
Payable
Whom.
Dividend.
if
208
33
12
204
ids
108
58
125
145
145
1808
1S68
1871
1874
1883
’87-’91
i 1889
1836
' 1887
: 1890
> 1892
1881
100
1,000
£200
1.000
1.000
1.000
1,000
1,000
1,000
1,000
1,000
1.000
1.000
1.000
! i i l 1.000
1.000
j 1888
100
[ 1874
1.000
;'75-0-7 1.000
1882
1.000
1 1884
1.000
i'84-'88 1.000
1874
1.000
1880
1,000
1,000
■ 1887
1300 ; 1,000
i 1891 I
$360,000
5 g. M. A S.
N ew York.
6
3.500.000
A. A O, N. Y.Mer.Ex.Kk. ABost.
999,750
6
A. A 0.
4
350.000
J. A J.
St. Albans. Vt.
6
759,500
F. A A. Boston Security Co.
100.000
5
J. A D.
Ogdensburg, N. Y.
24,092,629
1 8.501.000
7
J. A J. N. Y ., Lfnion Trust Co.
112.000
6 g. J. A J.
London.
I 3.213.000
7
A. A 0. N Y „ Union Trust Co.
2.009.000
7
-M A N.
.
do
do
1 4.006.000
5
J. A D.
do
do
423.000
6
Various N. Y.BariugJlagoimACo
;
D g. M. »fe N.
135.000
do
do
2, 000,000 j
5 g. J. A D. N .Y , Central Tr. Co.
2.598.000
5 g. A. A 0.
do
do
300.000 1
6 g. F. A A.
do
do
;
300.000 1
6 g. J. A J. New York or Phils.
3.060.000
6 g. J. A D. N.Y.dinar. A Indem.Co.
; 2.520.000
do
do
4 g- M. A N,
j
100.000
3 g. J. A J. N.Y’ ., Central Trust Co.
2.029,260 1
5 g. J. A J.
do
do
13,567,500 7 per an. Q .-M .
Boston. Office.
i 1.692.000 1
M. A S.
7
do
: 3.600.000
6
Various
do
j
4% J. A D.
200,000
do
1
4h) A. A O.
•198,000
do
! 3.650.000
4
J. A J,
do
400,000
7
J. A J.
do
5
1.912.000
J. A J. Boston, N. E. Trust Co.
2.717.000
4 g. J. < J. Int. funded til! Jan..’93
fc
51,000
N ew Y'ork.
g* J. A D.
5
J. A J,
do
Mob,
Apr.
Apr.
Apr.
Aug.
June
1,
1,
1,
1,
1,
1,
1923
1920
1920
1920
1909
1919
Jan. 1, 1898
Jan. 1, 1898
Apr. 1, 1911
Nov. 1, 1905
Jane 1, 1932
10 p. 0. yearly.
Nov. 1, 1919
June X, 1936
Apr. 1, 1937
Aug. 1, 1920
July 1, 1922
June 1, 1921
M ay 1, 1921
July 1, 1926
July 1, 1938
Meh. 1, 1893
Mch. 1. 1894
1 8 9 5 -W 9 7
Deo. 1, 1897
Apr. I , 1904
1904 A 1938
July 1, 1894
Jan. 1, 1910
Jan. 1, 1937
May L 1940
Jan. 1,. 1937
2 * “ ®S ®
drawn at 110 and Interest
Theistock o f ^3,000,000 is owned by said three companies (40 per cent
are guaranteed j
gage 1* guarant___
$5,915,430; (par. $100; car trusts, principal and interest
$113.061; bill* payable were $73,500 on January 1. 1^92.
Afterpayments to
L atsst E a MffiUMt- - Prom Jan. 1 to Jan. 31, 1893 (1 month), gross
' >9.748 against $ 45,051 In 1892; net. 23.013. against $16,531. B
N o r t h e r n R a i l w a y C o . ( C a l i f o r n i a ) __ This was a consolida- J g a r n t o g a .
$704,186; net. $341,348. In 1891 gross,
V'-.V1 ^aC ’a1?88#^ °J ro^,390n^ le1i,f raUft,s‘1* leased for 99 years from ?708.90C; net. #204,715; Interest on bonds, $222,838; taxes; etc.,
?
*? **•, Bubtliern Pacific Co. Lesaee pay* fixed charges $18/33°: balance, surplus, $23,047. George W. Thompson, I-resident,
itM betterments and 6 p, e. on stock, It ea~“ed, and retains *orpla«. '
■
foam ~•* * - -•---- *--------- •-■■
Parkersburg, W. \ a. (V. 52. p. S3 1; V. 53, p. 408; V. 54, p. 1046.)
,
Xbe m pM U doclt aiithorteed U $21,0000bcklimed#12 ,890J )w !a B but
O h io S o u t h e r n .—/See J f«;o —Owns Springfield. O., to Weliston,
l f tro’
owned by Southern L w lilc Co. The consolidated 5» of 118 mile*, and branches. 22 mile*. E x te n s io n from S p r in g fie ld to Lima
» of
1888, issued under mortgage for $21,000,000, are a first Men on
■ —
'
a r ? * » '* r . ~ O w n A fr o m V,.r*lr!i, Conn , to Wares*.
’ 'ra n ch , N o r w ic h t o A l l y n '* P o in t, 7 r o l l s * : to ta l.
66 m iios. A ls o o w n * e n tir e c a p it a l s to c k ($ 5 0 0 ,0 0 0 ) o f th e N o r w ic h A
s o v Y o r k T r a n s p o r ta t io n C o m p a n y , o p e r a t in g b o a t tin e to .Vow T u rk
C ity . L e a s e d t o N c * V orle A N o w E n g la n d R a ilr o a d fo r 0 9 y e a r * fro m
F c b r-ia r y ! 1 s o n ; r e n t a l Is 8 p e r r e n t o n p r e fe r r e d sto c k . C om m on
• t o c k U #6,60 0. N o t . * p a y a b le S e p t., 1892, $290,060,
' ........
'
--------- «
?* fcHistee. In 190.5 $980,000 first 6* ■ " Issued for Lima extension.
were
On 1 ebruatr 13,1 *93, there were outstanding $125,000 loans and bills
payable and $305,000 ear trust Bs, due In one to five years.
I . » 11815(58,—From Jan 1 to Feb. 28, 1893 (2 months), gross $132,318,
against $ 1 1 , ,39s lu ls »2 . Report for 1892 m C m o x ic u t, V .5 6 ,p .4 6 3
gross earning* $711,541; net. $362,049; Interest onlmnds,
r — < so.); surplus. $135,319. Ill 1991 grass. $500,241; net. $287,007.
;
2 I1 ' M * 1 ° 13'
1
V- 55* P - 10' 5 S *
O c o n e e A W c « i e r n . —Owns road In operation from Hawkins W
L o t / * P «W ln . 40 milt-» . graded from UawktnsvlU* to Grenanu. 13 t o lib s V a lle y . —Completed from Evansville. Ky., v ia Princeton on the
S f i ? . S ^ y **0- . *?. E" ‘ P j n > - Dublin, sold In foreclosure SepL ,1.! Ghreapeako Ohio A Houtbwestom.to Hopkinsville, las) miles; branohes.
1
i ? u r- Btsrok m tfh o r ix w l, $ 4 7 7 ,0 0 0 ; outer.,n,||»g. # 3 « » .u o u ; par $ 1 0 0
M o.r t g a g e U f o r $ 1 77 ,Oslo. T r u s te e , M e r c a n tile T r u s t: Company,
C om pany
©ndenssburge A L a k e C h a m p la in .—Owns from Rouse's Point.
J u n i- l^ lS fi^ a s S fiif"
118 m® * * 'a,Hl I®**** branch. 9 roilee. On
Interest
•* "
*
Is owned
353, against $10-1,210; aurpitia over ctmrges* ^oilOS.'aKalnst
a o a i ^ f ® <Jlug , uH® 3®. *902, grow earnings wore $858,410: n.-t,
,n
J
O ^ l’bd-y Interest, etc. (Isms other Income, $3,017), $ ;2tt.«2rt; balanre
<V‘ S4' P' 4 l0 , ®88: v * 55t P- *47, 502, 935; V. 56.
m ° Y1 ^ 7
!?.
Pj >'
/t o' n Cincinnati, 0-, to East t, U n is,
lu.. 3.19 mils*. North ternou to JeffersonvlLle, lij<L. 43 mile*; Bscird*
town to 8hawnes*town. 1IL, 228 miles; New Albany A Eastern, 7 lo milesCincinnati * Bedford. ” 4 miles; total. 836 miles.^
’
2
P ua 5, -. In Febraary. 1893. a plan for consolidation
W ltb the Baltltoore A Ohio touthwretswn tBaltimore A Ohio system)
plan (see adv. In CaRogn tx o f March 18.1898),
provides, that lh « consolidated company shall hare the followlng.
w o j Sk i .ooo
F tm trrm i « t m k , * per mnt, mn-emmiSMh'e,.______ ........ 24>,fM OOO
X*
New 1st consol. 100-ycar gold,4>aa, guaranteed, p. A I ___ 36,000,000
B ^ tm o re A Ohio fionthwestern Terminal bonds____
1 ,500 iwxi
«ertee A A B 5 per cent 150-j ear non-cum. gold Incomes , 18,750,’000
S ™ * * W °y>»s to >*" guaranteed by the Baltimore A Ohio.
,n retlrtng Ohfo A Mississippi bonds of
V
, o*,arT),, ,'5^^ ^* w ! ! Ul> to Ohio a Mississippi preferred
" 111 remain In treasury for Iv n o v e in a a ts on
g^to A M ^ S m d . c t o and 811,000,OOP jr tll retire a like anmuntof
“ •Jf
ffifto; ? s toe Income* #8,750.000 will be scries •• A ."
The Ohio A Mississippi preferred stock Is to receive 25 per cent o f it*
J '- * !'L i'l
, nt:.w.
U 1"
"
or 5 per cent premium In
7 p «'teu ^ > reb fA ed stock
' nrnm,,‘' a'*'< 40 per cent in the new
The O. A M raimmon ts to receive 23 per rent of II* face value In " B"
22FS& ift bow 7 per cent preferred stock.
fj}
* 1 '} n rn r n- ral fives have the option up to
.’1
a ? ” 1 f15 to take 102% and interest tor thrtr bonds in Ueu of exchanging
them for the new 4% per cant first consol*.
8 8
to Jan- 31*
(7 month*), gross
$2,600,0 19, a m t 3
p2,04#>8$5 fa 1891-02; net* $807,635, ajpit. f7 $7$G35.
ANS04L Bg*X)W .—Flneal VMM- ends June 30. Report for 1891-02 In
Loans and bilU payable July I. 1802. were #300,000.
Tear mS. JuntSO. 1888-89.
1889-90.
1890-01.
13111 92
Ore— earn,n gs ..... $3,955,165 $1,214,747 # t. 108,974 $1,2287403
C h a £ »M *"**..........$1,302,274
31,172,412 $1,019,729
................. 1,193,048 1.210,845
1.210,054
1,237,519
Ealanre-----
. dcf.3 ) 73,2 i i snr.$82.429 def.$37,€.42 def.$217,791
°
9
....... * Princeton _
-------- . . _ . . .
m
ile-*; 'leases tre.— ,. ,™ .to „Uraeev, .21 miles; . . .. . . . uUUm.
total, 100 ..
p a o vNixAjitro Kt - -SfiK-k i, $2,163,000 (par, $100), o f which In
1891 $1,297,500 was purchased by the Chesapeake Ohio A Southweatern, which guaranu --* the bonds by endorsement. See guaranty in V.
o2, I> 9.4. Extension to Hopkinsville completed In August. 1892 and
on July 1,1802,leased the Louisville A Naabvllto's 1'rtowton branch
21 tulles Due C. O A H W. July 1, 1892, $254,103.
E s B x x o - .- I n year 1900-01 were #270.404; n et,$91,217 (against
$65,455 In 1830-00); fixed charges, $75,185; other Income. $5,Ol5; bnls *.f7 6 , against $33,938 lu 1880-90. ( V. 51) p. 607; V.
»3
52. p. 321, 719. 074: V. 53, p, 602, 641; V. 54, p. 800.)
, •&l d „ c ') , ?,rl5r CHaaa.)—Owns from Boston to Provlneatowu, Mass..
120 mile*; line* to Kingston. Plymouth, 8omcrs«t Junction, New Bed
ford, Lowell and Fitchburg. Mass., and to Newport, R. L, 249 miles, and
numerous branches 120 mile* In a ll; total owned. -195 m iles; leases—Bos
ton A Providence Railroad, Bo-ton to Providence,44 miles, amlbrauohea
2 0 mtle«; other
41 mlioii; total owaod and leaned, 8©i>tember.
1892, 603 miles. Middleborough A Plymouth RR., 10 m ltes.wwleAM dtn
1*02. and internet on It* $228,000 bonds guaranteed. See V. 55, p. 420.
<,(OiM,U[,»TP>)i.—In February, 1893, arranged to consolidate with
the New York New Haven A Hartford, road to be taten over July l.
1hb35, ***5? ahares o f New Haven stock, a 10 per cent dlvhfemf
security w ill be exchanged fo r ten share* of Old Colony. A leaeedating
from March l, 1*9.1, provide* tor dividends o f 7 per coot per annum
on stock not exchanged. Sea V. 56, p. 247, 374.
*
Increase o f stock from $12,000,000 to $15,000,000 was
authorized by stockholders In November, 1889, to pay for now oonnecttnn*, etc., and on Heptemher 27. 1992. a further issue o f (dock
wa* authorized In order to raise the grade o f Boston A Providence
.rJ!u,f” r 0,T 2 ® **;
"fife " * * to' k!,c Legislature, an I to subscribe to
additional stock of the Old Colony Steamboat Company, in which It
hold* a m ajority Interest. In August. 1802,#200.000 (took was Issued,
and In January. 1893. $200,000 more was sold at auction. Bills pare
able Oct. 1, 1892, 81,200,561; live per cent notes, $200,000.
't o v i f .-Jln- report for 1891-92 (mint* out that there wiU be a saving
o f $150,000 ye xrly In Interest charge* if the hon Is o f the system maturIng (irior to March 2 , 1M97. ore refunded, when due, at 4 per cent. •
.D'vinKXb* since 1 8 8 1 -In 1982,013; 1883 to July. 1891, both in
clusive, at the rate o f 7 per cent yearly ; in December, 1891 (dividends
changed to quarterly). 2 »l0 per cent; In 1892. March. I k ; Juno, 1 \;
September, 1 <i; December, l k ; in 1903, March. I k percent.
L atest b., a mnoh .—For six uionths ending Deo. 31 earnings were:
f i months— Or. eam 'gi.
,Vrt.
oth. income. Charges. Bat:, $urp.
* ^ f .......... *4.978.540 $1,487,007 #227,268 $898,876 $815,3&
*8 9 1 ......... 4.021,820
1,359,152 205,649
872,496 • 692,303
Asm iAL Rm'i.BT.—Report for 1891-92 was In V. 55. p, 420.
Tear enrl June 30.
'
1889-90.
1800-91.'
1891-92.
Gross earnings...................#8,020,205
$8,370,452
#8,74-1,812
Net earn in gs....................$2,059,855
$1,900,177
$2,050,426
Other receipts..................
135,723
239,054
159307
Total lnoome................ $2,195,578
EentaD paid...................
a M T O T ’ v-S
5'r-50- Dividends........................(7) $584,605
In terest............................
658.675
844,683
Wheeling’ "m il V*") *" Hn“ /,nrtom W i S r v l . 21 “ mtowT trackage^nto
$2,145,231
$.563,373
696.213
(7) 872,690
$2,210,233
* X i:»
(6*s) 827,611
Balance, surplus.......
$107,616
$12,955
$82,705
to K ':,»ova. West Va . on the Norfolk A - ( V . 54. p. 243,762,800; V. 55. p. 374. 420,806; V. 56. p. 247,2 »9 ,374.)
12 m1^ : bperatee Ravenswood gpoucer A GlcnO m a h a & St, L o u is . —Owns road from Council Bluffs la., to Pat} 1 ' ] ’* * f
« ;>cnrer. 33 miles; total. 25(1 miles.
Spencvr A O len n lle is building a in,.- In tire Intoreat of
company from Kavenswood, W. Va., to a oonnecUon with the West
r t fiT o S i J i t
108
INVESTORS’ SUPPLEMENT.
March, 1893. J
EAILKOAD
STOCKS
AND
BONDS,
109
S u b s c rib e rs w i l l c o n fe r a g r e a t f a v e i ,by g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d In th e se T a b le s .
Bonds—]
IN T E R E S T OR DIVID E ND S.
RAILRO AD S.
Miles Date Size, or
pal. When DueJ
Amount
of
of
T ar
Rate ^er Wlien Wliere Payable, and by Stocks—Last 1
For explanation of eolumn headings, dee., see notes
Whom.
Road. Bonds Value. Outstanding
Payable
Dividend.
on first page of tables.
>.tocail.o\tr
: in. gold..
153
.567
Oregon Improvement—See Mjscew .anf.obs Commas res.
Oregon PaMfie—Receiver's cert’ s (on July 1. 1892)
1st mors., land grant, s. L, g., 825,000 p. m----C**r . 136
t - .
Oregon Railway t Navigation—S t o c k .................
1st mort. bonds, gold, sink. M. (drawn at 100). .0 642
....
Consol. mortgage, gold, $25,000 per m ile........eAr
....
Collateral trust, gold, redeemable at 105......... e*
Oregon Short L. t V, Nor.—Stock, $27,000,000auth.
Ore.Short L. 1st M., gold (tnt. in •* lawful money"). 610
Utah Southern 1st mortgage, currency..........
105
Utah So. mort., S. lak e to Juab (for $1,950,000
138
Utah South. Extension., 1st M., Juab to Fri*c<
Utah A Northern le t mort., $12,000per m ile .. f : 462
Consol. JL.guar., 815,000p. to.A* L o o t dr'n.g.e*)! 466
Equipment bonds ($30,000 payable y e a rly )... ! „ .
19
Idaho Central 1st mort. Nampa to Boise City ..
Consol. M. (1st on 201 miles) gold, red. at 105. .< 1,425
•’
Collateral tni.-t, gold (redeemable at 105) guar.e’ :
Otwtgo * Romt—8kk Rome Waterto w n & Damn ammo
35
Oswego * A
’jfi-nrtwc-Stock. 9 p. c. guar.. D. L. & W.
35
Consolidated mortgage (guar. D . U A T . ) ........... ,!
35
Construction M., guar.prin..tint.(for $1,000,000) !
Owentb. Nails o ' Rough t O.Jlir.—iL , $20,000 p.nrg j —
88
Owensboro t Nashville— 1st mortgage, gold...
Oxford t O ta r k m lle S e s KiCHMosti A D anv
Paducah Tenn.£ Ala.—l~t M.,$20,000p. m., guide* ' 118
135
, 135
Oregon t Cfal.—lrtM.,g. ($30,000p.m.idr'u at 100. e*
18S7
1889
1887
$1,000
i .ooo
1,000
1880
1,000
100
1,000
1,000
1,000
100
1,000
1879
11
11
1832
1871
1879
1.379
1878
1886
1887
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1889 500 »ke.
till
.-**
50
1,000
i,ooo
1876
1883
1893
1881
1,000
1890
1892
1892
1,000
1,000
1.000
#700,000
17,045,000
Jan. 1, 1907
6 g. j . & j .
M. & N,
Nov. 1, 1919
6
5 g. J, & J. N. Y., South. Pacific Co. July 1, 1927
712,463
6 g. A. A O. Apr., ’90, coup, last pd. Oot, 1, 1900
15,000.000
24.000,000 6 per an. Q .-J . Boston, Office, Ames-Bld Apr. 1, 1893
5,059,000
6 g. J. A J. N.Y., Un.Tr.Co. A Bost'n July 1, 1909
do
do
12.533,000
June 1, 1925
5 g. J. A- D.
Sept, 1, 1919
do
do
5,182,000
5 g. M. & S.
..
26,244.853
6
14,931,000
F. A A. N.Y., Un.Tr.Co. A Bost’n Feb. 1, 1922
A t Co.’s option
424,000
7
J. & J.
None paid.
1,526,000
J. & J. N.Y.,Un.Tr.Co.ABost’n July 1, 1909
7
July 1, 1909
1,950,000
do
do
J. A J.
7
July 1, 1908
do
do
4,995.000
7
J. A J.
July 1, 1926
do
do
1,852,000
5 g. J. A J.
Apr. 1, yearly.
do
do
1 8,000
5
A. & O.
Jan. 1, 1917
6
J. A J.
do
do
13 ,000
Apr. 1, 1919
5 g. A. A O.
do
do
11,234,000
S ept 1. 1919
do
do
13,000,000
5 g. M. & S.
1,320,400 9 per an.
438,000
7
668,000
5
5 g.
(1)
2,000,000
6 S2,432,000
f 1,491,000
1,220,000
F. A A. N. Y „ Del. L. A W. RR. Feb., 1893
Mch. 1, 1907
M. A 8.
do
do
M. A N. N. Y., Farm. L. A Tr. Co. May^L923
M. A N. N. Y., 120 Broadway.
Nov. 1, 1931
5 g. J, A J. N. Y.. Central Tr.ASLL. July 1, 1920
5 g. M. A N. N. Y..Cent,Tr.A St.Lonls May 1, 1922
July 1, 1922
do
do
5 g. J. A J.
Sto ck . - P referred 6 pet cent uon-cumnlative, $2.220,500-, common j #151,737; rental received. *2,623,306; other expenses met by lessee
■
loss on water lin e* #80,630, Interest on North. Pac. Terminal bonds
$2,313,000 deposited in must tffl June 1, 1893; par, both, $100.
lessee, $1,126,948. V, 56, p. 165.
B o «* s .—Five coupons, from Jan. 1 , 1891, to Jan. 1.1993, both inclu ($105,000), etc., $268,688
sive, were funded into 5 per cent bonds, due 1937. but redeemable at
O r e g o n s h o r t L i n e St U t a h N o r t h e r n . —(Sec Map Union
option o f company, the new bonds being secured by the coupon* de Pteifle. t - ROAD. —Owns road from Granger, Wyoming, to Huntington,
noeited in trust (See V. 52, p. 81,391.) See abstract o f first mortgage. Oregon, 542 m iles; branch Shotbone to Ketchum, Idaho, 70 m ile*;
V. 45. p. 213. In June. 1892, Judge Thayer in the V. 8. District ( ourt, Ogden to MeCummon, Idaho, 111 mile* ; Foeatello to Silver Bow, Mon
in the ease brought to recover rental* fo r cars used under the Wabash tana, 258 m iles; Lehl Junction to Tintic, Utah, 54 mile*; Ogden, Utah,
receivership, awarded this company damage* at $83,613 with interest, to Frisco, *275 mile* : sundry branches, 117 mile* (e f which 40 mile*
aggregating about $16,000, from Jose, 18$0- V. 54, p. 968. Bills pay narrow gauge); total, 1,425 utile*. Also lease* and controls the Ore. B.
able July 1, 1892, #30,212.
A N *v. Co., which *eeabove,
ESKKIKC*.—For rear ending June 30, 1892. gross, $575,310; net,
O aox* 1XATIOK.—Pormod in 1889 by a consolidation of the Oregon
$59,280, In 1990-91, gross *525,487; net. *17.795. In 1883-90 gross, Short Line, the Utah Northern and other Unas. It is oontcoUed by the
$654.828. - (V . 51, p. 7 8 6 ; V. 52. p. 81, 391, V. 53, p. 9 2 ! . !
Union Pacific Railway Co, which operates it under a traffic agreement.
S tra n ge B e l t . —From Sanford, Fla., to $t. Petersburg, 153 miles, 3- ; and owns a majority o f the stock.
' foot gauge- Road was *old in foreclosure in March, 1893. Foreclosure i CAKTAt Sto c k .—Stock authorixed $27,000,000 (par, $100); outstand
proceeding* were friendly, and no recetfer was appointed- E. T. Btotes- ing *26.24 1.853, of which Union Pac. Jan. 1 .1892, owned $14,990,703,
bory. Philadelphia, President.
pledged as part security for the U. P. collate ml trust notes o f 1891.
O re g o n dc C a l i fo r n i a , —From Portland. Ore,, to California State fires* floating debt Jan. 1, 1892,85,427,314, o f which $4,639,531 due
Ihm,365 m ile*; Albany Junction to Lebanon, 12 miles: Portland to V. P. Asset*—Company’s bonds, $2,102,694; account* receivable,
Corvallis, 9 7 mile*; Woodtmrn to Natron, 93 miles. Total. 567 miles, j # 5 4 9 ,1 8 6 ; net floating debt, $2,775,435.
HtsTORT, L k * sb , E t c , — Reorganiser! in 1887. See V. 44, p. 118, 370. j BOM) > . —Consolidated mortgage dne 1919 (trustee, American Loan &
s
Road Is leased to the Southern Pacific Company for Mi years from Jana- ; Trust Co.) Is a first lien on 201 mile* and a second on 1,220 miles. Suf
ary 1 ,1887, the lessee guaranteeing interest ou tho bond., and the lessor ! ficient bonds are reserved to retire prior bonds when dne. and the total
receiving any net profit and being charged with any deficit after pay Issue on the road in operation is not to exceed, Inoludlng prior liens.
meat o f chargee and betterment*. The Pacific Improvement Company #25.000 per mile. Bonds may be issued for extensions at #25,000 par
owns the bulk o f its *19,000,000 stock, #12,000,000 o f which 1* 7 per mile (unless a m ajority o f the bondholders object) and additional amount*
cent preferred: par Is $100.
for terminal* and second track, but not exceeding in tho aggregate #35,B ono *,—Land grant was about 4,000,000 acres, part o f which 1« eov- 000 per mile of double track. The Issua is redeemable drat only an a
ered by the mortgage, proceed* of land sale* going to redeem bond* drawn whole) on any coupon day at 105 and Interest. There will be a sluking
at par, unices purchasable lower. Trustee o f martgage, Union Trust fund when earnings suffice, but for this no bonds can be drawn, Tire
Company, New York. The Southern Pacific Company’s guaranty of Union Pacific guarantees interest on this Issue under a tratfio agree
principal and interest 1* printed on each of the 5 per cents. In 1802 net ment. See abstract of mortgage V. 51, p. 242,
The collateral trust bonds o f 1889 are secured by deposit o f $13,toad safe* subject to mortgage were 42,224 acres fo r #242.809 j eaah
000.000 o f Oregon Railway A Navigation stock. There is a sinking
receipts, $53,478.
fund for tills issue, but not less than the whole amount can be caUed
E a k x i *®*.— In 1891 grass earnings were #2,134,349; net, $380,089 for payment, and that only at 105. The Union Paelfle guarantees both
(against #496,830 In 1890); total net Income, Including Interest re prtaeipal and Interest of the collateral Croat bond*. Trustee la Am eri
ceived. $4 1 1.311 . fixed d u n e s , $233,460; deficit for year. *180,147. can Loan A Trust Co. o f Boston, See mortgage abstract, V. 51, p. 243.
against deficit of $259.130 in 1890. -V . 53, p. 793: V. 56, p. 105.
E.uw w os.—January 1 to Jan. 31 In 1893 rl month) gross $433,152,
O r e g o n F a e lf le . —Projected from Yaquina, on Yaoulna Kay, Ore., against f t 83,748 In 1802; net. $117,246,against #152,142.
to eastern boundary o f the State, about 600 miles, of which 128 miles, to
ANSI 41. Ri:ii>BT.—Report for 1891 In V. 54. p. 719, showed tho follow
Habfted. are in operation, and 14 mile* have track laid but not In regu
lar operation. Company had a land grunt o f over0SO.no© acre* of land, ing. For 1892 taxc* are taken same as In 1891:
o f which 850,000 are. said to be subject to a lien o f *600,000,
1890.
1891.
1892.
1,404
1,422
1,424
HorroftT.—
ThM railroad was to !«« sold In foreclosure March 7, 1893, Average miles operated................
Oro-s earnings........................... $7,488,031
$7,574,458 $7,201,200
bm sale postponed till June 28, 1893. Everest W. Hadley, o f Cor
2,783,914
2,686,158
vallis, was made tvceiv. r tn February, 1893, in place o f Mr. T. II. Net earns, (niter deducting taxes). 2,334,047
8 8 4 ,1 6 5
1,035,652
........ .
Hogg, appointed Oct-20.1690. See V. 56, p. 414, 464. Reorganization income from Investments, etc..,.
plan (V, ,4, p. 78) offered In January, 1892, failed.
Total net Income................... #3,218,212 #3,819,566
Sto c k , Ere. —
stock t* #30,ooo per mile. Net current liabilities July Interest on bonds........................ $2,577,412 $2,840,854
1,1892, were #865,833, of which receiver's certificate* were *712,463. Sinking fund.................................
201,110
317,458
E a k n i n o a — I n y e a r e n d in g J u n e 3 0 ,1 8 9 2 . g ro ss e a r n in g s w e r e # 11 7,- Loss on i'sedUn’ slO.Ry.ikN.syit'tntl;789,190
1,120,949
# 8 0 ! d e fic it u n d er o p e r a t in g e x p e n s e s , # 8 0 .4 6 5 . O ffic e , 45 W illia m
34,411
Miscellaneous...............................
47,182
S tre e t, N e w Yuris. (V . 53. p. 5 9 , 5 7 0 ; V . 54, p . 78 , 159. 3 6 7 , 117.
8 4 5 ; V . 5 5 , p. 29 8, 42 1, 80 6, 0 3 8 , 1036 ; Y . 56 , p. 3 7 4 , 4 1 4 ; V . 5 6 , p.
4 6 4 .)
O re g o n R a i l w a y St N a v i g a t i o n , —(/'>.' Map Tfnton P a cific.)—
Roxr> —East Portland, Ore,, to Huntington, Ore., 403 m iles; branches
656 miles; total operrted July 1,1892,1,059 miles, of which 13 miles
narrow gauge. Ocean line Man Francisco to Portland. 670 mile*.
G e o a n i z a t s o s .— teased tor 99 years from Jan. 1 , 1887, to the Oregon
Short lin e A Utah Northern RB.; rental 6 per cent per an- on stock and
interest on bends. This lease (see abstract If, 45, p. 539) is guaranteed
by the Unto# Pacific, and the property is operated tn tho Union Pacific
system. in 1889 the Oregon Short Line Co. purchased a majority of
the stock, and on Jan. 1.1802. owned thereof $14,318,200, $13,000,000
being pledged to secure its collateral trust bonds.
D m M B ins since 1876—in 1879.2 per ren t: in 1880. 8 anil 10 scrip;
In 1881 and 188-2. 8; in 18*3.10; in 1884,6*3; In 1885, 4*3; In 1886.
7 ; in 1.887 and 1888, 6 ; In 1889,7 a per cent being extra out o f asset*);
from Jan., 1890, to April, 1893, Inclusive, 6 I*, e, per annum <1% p.
c. quarterly).
B oko #.—First mortgage has a sinking fund of $60,000 per year, pins
interest on tmnds canceled (*96,8SO in all in year 1888-89), to
buy bonds at or twlow HO. or else draw them at par on January 1,
bonds so paid being canceled. The, Fanners’ Loan A Treat Co. Is trustee
o f the 1 st r,od the. consolidated mortgages.
The collateral trust Baaed in 1890 (trustee American Loan A Trust
Company o f Diction >provide* for the Issue o f $25,000,000 bonds. The
entire issue «m t not lees) may be redeemed on seven month*' notice at
105 and interest. See abstract o f mortgage and o f the mortgages se
curing the bonds pledged In V. 51, p. 243.
B abketo *.—Jan. I to Jan. 31 in 1803 (1 mo.), gross earning* of
railroads were #289,08*. against $294,810 in 1892; net, $38,648
against #30,901. tn 1892 gross, $1,831,703; net before deducting
taxes. $1,511,073. In 1891 gross, $5,073,172; net, $1,856,784 ; taxes.
........
Balance................................... df,$l,396,682 df. #109,106
- (V . 9 2 , p. 679, 90 2 ; V . 54, p. 7 19 ; V . 5 8 , p. 24 7.)
O s w e g o & S y ra c u s e .—Owns from Oswego. N. Y., to Syracuse, N.
Y., 35 miles. Leased In 1868 during length o f charter and renewal
thereof to the Delaware Lackawanna A Western Railroad Company for
0 per cent per year on $1,320,409 stock and interest on bonds.
O w e n s b o r o R a lls o f H o u g h Sc G reats R i v e r , —Owns from
Owensboro. K y „ southeasterly to Horsebraneb on Ches. A O. 8. W. 42
miles. Extension to Middle.borough projected. In August, 1892.
Che*. * O. 8. W. parties bought a controlling Interest In the stock, and
road will be operated in connection with that line but as an Independ
ent property. Five per cent mortgage for $6,000,000 ($20,000 per
mile) w ill be issued,
O w e n s b o r o A; N a s h v ille , —Owns from Owensboro, Ky,, to AdalrVtile, Ky., 8 4 miles; Mud R iver Branch,4 miles. Operated by Louis
ville A Nashville Railroad, which owns the $1,156,518 stock
(par, $100) and $1,200,000 o f the first, mortgage bonds—ail these
bonds and most o f the stock being pledged under Its trust doeds.
Earning* now Included in those o f lessee.
P a d u c a h T e n n e s s e e St A la b a m a .—(See Map).—R o a d .—Own,
from Paducah. Ky., to junction with Tenn. Midland at Lexingtons
Tenn„ 118 miles, and operates the Tennessee Midland RR. from
Memphis, Tenn., to Ferryvtlle, on the Tennessee River, 136 miles;
total, 254 miles. Extension of Tenn. Midland to Nashville proposed.
H is t o e t ,—Connection with Tenn. Midland completed In Sep
tember, 1892, forming part o f a new through line between St.
Louis and Memphis, as well as between Paducah, K y „ and Memphis
and all Ohio River points. Sec. V. 54, p. 508, 801, 065, Tho T e n n e s s e e
Midland ia controlled in the Interest of this company, whtoh operates
It midor a 30-year traffic contract.
110
IN V E S T O R S ’
SUPPLEM ENT.
[V e t . L V I.
RAILROAD STOCKS ARD BONDS.
M
arch, 1898.]
I ll
Sabfrertberw w i l l c o n fe r a g re a t fa v o r b y g i v i n g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d In these T a b le s .
R AILR O AD S
Bonds—Princi
IN TE RE ST OR DIVIDENDS.
■
.I
---------— — i Miles Date , Sire, or
pal, When Due
Amount
For explanation o f column headings, A «., see notes
of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Bast
on ttret page o f tables.
B ead Bondsl Value.
Cent. Payable
Whom.
Dividend.
Panama -Stock......................................................
48
$100 $7,000,000 See text. Various N. Y „ 29 Broadway.
Jan. 3, 1893
General mortgage for *1.000,000 sterling........ e
48 1807
£200
£800,000
A. 10AO.
I g’ M. A N. N. Y. Office A London. Oct. 10,1897
Sinking fund subsidy bonds..gold, drawn at 1OO.e'
48 1880 $ 1,000 $2,242,000
N. Y., 29 Broadway.
Nov. 1, 1910
„
6 *•
Pattrm n * Hud.~8tk.,B p.c.perp.rent.N.Y.L.E.AW.
15
50
030.000 8 per an. J. A J. N. Y ., 120 Broadway, Jan. 2, 1893
P u » t TaUey—1st tuort., gold. 812.000 per mile..c*
89 1890 ; 1,000
987.000
5 g . A. A O. N.Y., Mercantile Tr. Co. O ct 1, 1920
Penneyieania—Stock...............................................
. ... ;
50 126,774,500 See text. M. A N.
Philadelphia, Office.
Nov. 29,1892
General mort. Ixrads, $1,000 and £200 each.. eAr 455 1867 $ or £
19,997,820
6
See text Phila. Office A London. July 1, 1910
,
Consol. M. fo r $100,000,000, s. fund, not drawn.r 455 1875 , 1,000
1.961.000
6
Q.-M. I Plifladclphia, Office.
June 15,1905
do
do ($1,000 and £200)...................
455 1873-41 $ or £
25,519,020
6
See text Phila, office and London July 1, 1905
do
do., gold. . . . ... ...................... .
Ci
tS
455 1879
1.000
4.998.000
5 g. See text Philadelphia, Office.
Sept. 1, 1919
Bonds IP. W. A B. stock as coliat.) not drawn
571 1881
1,000
7.909.000
4
J. A J. Phila..Pa.Co.for Ins. A c . ___ , 1, 1921
July
N a ry Yard mort. (extended 20 years in 1881).. .t
1881
5.000
1 . 000,000
5
J. A J.
Phila,, Co.'s Office.
Jan. 1, 1901
Collateral trust loan, gold, not d ra w n ............ e*
1.000
9.900.000
4'eg. J. A D. Phila.,Provid’tL.AT.Co. June 1, 1913
_
R jalp , Tr. gold bonds (s. t. 5 p.e.s not drawn_ o'
i l l
1,000
2.748.000
M. A 8, Phila., Glrid Life Ac. Co. S ept 1, 1914
" ................
Perns. Car Trust (in series payable i , „ yearly)___
1881-4 1,000
600.000
I 8' Quarily. Praia.,Pro vid'tL.AT.Co. 1893 to 1894
Penn. Kanip. Trust iin series payable l , 0 yearly).
’ 80-91 1,000
5.887.000
4
Piiila.,Tr.S. D ep.AI. Co. 1896 to 1901
Penn. Rolling Stock Trust 1 10 pay able y ea rly ).
1892
1,000
3,s 70,000
4
Qnar. Phila., (Sir'd L ife Ac. Co. 1893 to 1902
Del. Are. Market 1st mortgage....... .............
18-89
5.000
300.000
43.0 M. A 8. Phila.. 233 So. 4th St. Mar. 1, 3 909
Delaware A m Bloodgood property................ ,.r
1S92
1.000
200.000
M. A S.
Philadelphia.
Sept. 1, 1912
Pentutyitania Company—Stock................... .....
50 21,000,000 See text.
Pittsburg, C
’o.’a Office. Mar., 1893
Bonds.sec. by P.Ffe W, AC. stock (s. M r s at 105.r;
1877
1,000
1.168.000
6
Q .-J . Phila., Tr. 8. D. A I. Co. July 5, 1907
Bonils,gold, sec. by pl’ge A guar, (a « t driub.cMr
1881
1,000 19.467.000
J . 'A J. N, Y ./N at’l City Bank. July 1, 1921
Cartrust*................................... .
2,842,448 4, 4 + a Various
Various date®.
Penn. L tH g n < Em teris—1st M. $5,000,000. gold,
e
1889
1,000
„ 450,000
5 g. jA. A O. N. Y. Security A Tr. Co. Oct, 1, 1939
Ptnntyltania a .VbrfAKWVrn—Stock (see t e x t)......
62
50
2>?92'999 Se« text-1 J. A J. Phila., Guar. Trust Co. Jan., 1893
Bell’s Gap 1st mortgage, Bella Mills to Lloyds.c*
8 1873
500
166,000
J. A J. Phila,, 105 8, Fourth 8t. July 1, 1893
Extension 1st mortgage..................................e»
24 1875 , 1,000
91,000
;P. AA.| do
do
Aug. 1, 1905
Consol, mort. (for $550,000) s. fund not dr'n.e’
24 1883 500 Ac.
149.000
A. A- O. Phila., Guar. Trust Co. Apr. 1, 1913
Cleartseld A Jefferson I st m ortgage.................. o '
38 , 1886 500 Ac.
1,000.000
[J. A
J. do
do
Jan. 1, 1927
Penn. A N. W. gen. mortgage for $2.000.000_____
62 1890
1.000
004.000
J. A
J.| do
do
Jan. 1, 1930
Pennsylvania Po&ghkeepmt a Botl.—1st M.. go!d.c*
73 1389
1,000
1,500.000
J. A J. July,’90, coup, last paid Jan. 1, 1939
2d mortgage for $500,000. gold...........................
73 1390 ; 1.000
250.000
J.|
do
do
Jan. 1, 1910
Siatiugion Valley- KB. 1st mortgage___________
...
1886 500 Ac.
61.500
J.l
..............
July 1. 1916
a
432 000
outstanding. $2,in trti-*t$6 o f it1 three m artp ges.
1
latere*! I* guaranteed oa t b » Tennessee Midland bond*, and the bond*
“ « * * « * « > * Tenn. Mid. bond* are U n ited to
•BMWDtoow outstanding, but on any extension eastw ard!! from Ten
aessee River flrst mortgage bonds may be issued at $15,000 and second
mortgage at $5,000 per mile o f completed road. For Paducah bond*
see *dv. o f Jan. 21,1893. Car trusts Feb. 20, 1893, $85,609.
E abxtsos .—On Paducah road proper Cn>ffi April 1 to Dee, 31,1892
(9 months), gres*i earning* were $102,904; tu t earning*. $101,478.
p.n Tennessee Midland In year 1892. gross, $200,063, against9210.127
in 18?1; net,M O ,426. against $30-80. For Ten n is*** M lla n d '
• D o t . 5 1 .j..8:50 ,90 8: V. 53. p. 8 79; V. 54. n. » 9 , 684. 801,005; V.
55. p. «06. Car trusts, Os, April, 1892, $60,000.
P a n a m a , —Owns from Colon so Panama, 18 mile*. H i-Tony.—
Opened through January 28. 1853. inJim e. IS K l.m ost o f the stock
was sold to parties Interested In the D* Lefcwp* Panama Canal Co In
1892 the Pacino Mail d l*c«o tinned Its subsidy to till* rood, and in
1905 on June 15 and D e c e m b e r s ; on commit sterling bonds. January
1 sud In ly 1 ; oa rairfstered houiift ouarterlv Mawh l = fro interest m
*
consolidated 5* o f f 9 l9 is payable oa coupon Uon<H March l and BentwulmrXs onretfstcred ^ n ™ ! q u ^ l ? X r e h l & e
^
The eoUatenil trust ioaa of 1888 is secured by the. deposit of mortgage
bond* of subsidiary line* to the par value o f $13,H0O,0()0.
' **
The equipment tra*t bonds o f 1889 have a sinking fund o f 5 per cent
yearly, and If bonds cannot be bought at par the m m is to be invested
m new euuipu»ent to be subject to the trust
Its guaranteed *eattrttkw are bought up by the Pennsylvania Bailroad
Onmpony wlth I per (sent o f the net income yearly, and $8,279,630 so
pnreiiased were held on Jan. i. 1893. Sluicing fund for consols fan. 1,
1893, held—Consol*. #1.771,090; other securities and cash, $2,916,564.
KUU<1« ; « . FW *SC*», Ao.—Tlie total cost to the Pennsylvania Rail
road Company o f the stocks and bonds o f other companies hold in its
treasury was, up to Jan nary 1 , 1893. $114,648,704 (par value of the
same, 6166,095,53(), most o f which is represented oa the other side of
the balance sheet by b o n e o f Pennsylvania Railroad stock and bond*
A?6 j‘Hll’r debit item*. In 1892 company subscribed to an additional
$ 1,000,000 I enusytvanto Ornnpanu stock and received $840,000 from
dividends paid by said comp <ay. Mortgages and ground rent* Jan. 1,
189.1, amounted to $3,484,885,
t' l na\
1 W Jan. 31, 1893 (1 month), gross earnings on lines
*22* ” r r nj : l,'lr* nl'*! Ert* w * f* $-1,923,240, against $5,019,741 In
,
r
1891; net, $.500,306. against $1,074,552 In 1891. For same periods
on line* w est.of Pittsburg and Erie grow earnings in 189 > *how«d a
decrease o f $55,762 ootnnnred with 1892 and the not earnings a deereaae o f $254,269. See
56, p. 300.
sb RgpoKT.-—
Fiscal year ends Deo, 31. Annual meeting is held
a t Philadelphia on second T in -d ay in March. The report for 1002 was
ln the CUnokicue. V. 56. p. 393. 412,415, givin g full parUculars.
A summary o f the total business o f 189*2, compared with p reviow
year*, fa shown In the fo llo w in g :
tSXRMKOa OA AU, USE* BOTH EAST AND WEST O f PrrTBBtfBO AND EIUB.
„
,
1890.
1801.
1892.
Gross earning*................... $133,521,623 $134,251,013 $ 138 ,974,52 6
Operatingexpeuses...........
92,003,305
91,819,660
98,352,083
Imre been: In 1882. 12**; in 1 8 8 3 / lW ; In Yim, 16j in U 8 9 , l o f l n
inlS*o0<l l g S7-b£j tnlSSS, 26; in 1889. 9; in 1890.5; In 1991.5; In
1892, 2 p. c.; In 1893, January. 2 p. e.
B ond * . - T he sterling mortgage is for £1.000,000, and la fall o f 1992
the company waa proponing to issue £202,200 bonds remaining in the
treasury. When issued they w ill carry an endorsement certifying
that by vote o f the Board o f Directors the holder baa the option
of having his bond e* tended from Oct. 10, 1897, to Oet, 10, 1907.
« * & per cent Interest, upon notice to Die company ljefi.ro July 10,
1897, the bonds so extended to be subject to call for redemption at 105
arnd Interest any time after Oct. 10, 1902, on 90 days’ not ice. The subridy bonds are secured by a pledge of the ssm of $223,000 annual .sub
* * ? p159t« e tov-he
“ C Colombia by the company, and are drawn
au ilp a ld o ffo n N o vem b er!, yearly, with any surplus o f Ute subsidy not
needed for Interest, #85,000 tKinds Ix-ing paid Nov. 1, 1892. Of the
bonds given above as out*landing #273.000 of the 7* and $409,000 o f
the 6* were on Jan, 1,1892, held by the sinking fund o f the 7* o f 1867,
A iotcai, B b po u t . —The rraort for 1891 In Cubom iclk , V. 54. p, 596,
Net earnings............... $41,518,258
$12,434,953. #10,022437
showing net income was #062,234, against $922,500 in 1890, and a stir1 •»
*
account
as follow*, the ■
plK» ore r latere*t. sinking fund and other charges o f $323,801, against .J” tlrst < »« » «being the hae beenof Income after * not income " given In
the
line
amount
deducting Interest paid.
U l l V^’d p 2^’'375 i V 54' P‘ S0O : V ‘ 55’ p- 374’ j ° 3’ ” 337996,
INCOME ACCOIOrr OF 1’KJfSSTI.VAtflA BAILROAD COMPANY.
1890.
1891.
1892. m
1 'a te rs o n Ac l t u d s « n ,- O w n * frem Weohawken. N. J.. to Paterson. Net income Penn. ER. Div’n
$11,030,401 #12,257,432 $10,794,260
V
1 1 rea*! waa leased in perpetuity In 1852 at a rental Net lo«* or gain on N. J, Dlv.
3 ,5
+390,865
—270,456
—299,199
o f $48,400 per year, and Is operated by the New York Lake Erie A Low on Pitt*. A Erie D lv..
1.644
9,135 proflt 10,849
Westers as part o! Its mala Unc.
* * * « • V a lle y , —Projeoted from Peco» Q ty, Texas, on the Texas A
3SU* £ of,tlle Pecos River, to Albuquerque, New
Mexico, on the Atchison Topeka A Santa Fe. about 340 miles: completed
In January, 18m . from Fecos O ty to R idv, atKmt 90 m ile*.1 The
mortgage (trustee, Mercantile Trust Company of Sew York) l« for
v ‘
$27,137.
¥
t
f
1t[j
4
f
'ill f i
l.s
EM gtwoe.—In / ear 1892 * k h » earning* $123,737; ’ net)
In 1891, gross, i.7.778; net. #5,198. (V 51, p. 458.)
Balance o f Income........
Payments—T o trust fund .
Consol, mortgage redeem.*!.
Alieeb. Val. HR. Co,—Deilo’y
Penn. Canal, e tc .............
Extraordinary expenses___
$11,425,642
93,498
324,800
119,005
$11,971,841
98,622
324,780
274,002
$10,505,910
89.179
324,780
1,632,024
1,510,758
1,263,137
$2,109,327
Balance tD credit o f income
9,256,315
Dividends................
(5**)0,241,873
$2,208,222
9,763,619
(6)7,495,598
$1,077,096
8,828,814
(6) 7,006,456
P e n n s y lv a n i a — (Set iln p f—t.iXK o r R o v b -T h e I’eunsylvatjl.i rvs
tem embraces about 7,970 mile* o f railroad. Including all east and wret
hL?
1 892 the mileage op«.rate<l east o f Pitta To credit o f profit and loss.
$3,014,442
$2,208,021
$1,222,358
§ & * * Erj;'- on which earnings as reported were based, wan divided a* Bal.ln set’m’ t o f claims. Ac,
+49,019
+904,669
ra‘ I
Dtvbfcn and branches, 1,591; Philadelphia A Expenses of floods June,’ 89.
1,004,704
Railroads o f New Jersey and branches, 521;
total operated. New York to Pittsburg, with branches, 2,658.
$2,317,040
$2,127,027
OROxkfZATio.v, L kases , Ac.—The charter of the Pennsylvania Rail- Bal. profit and loss Dec, 31. # 12 ,017,794
$14,334,833 $26,461,860
fe o ie2,rewlU^iiAp,il W
84!5 T1' fl Harrisburg Portsmouth Mt, J ot A
«n«,c r*ie a »e tliough forming part o f main line.
9 iaP’ir2M inva7l,2i Ih 5 * • P - 480, 345,447.507, 665,702,’ 867; V
3
^
sndWrtL1S2TI- w ,-'W"|Mn.v controls all the lines west of Pittsburg 5o, p. 313,1061, 1078 ; V. 56, p. 43, 393, 4 12, 415.)
and Erie,the f enusyivanta Railroad Company holding all its slock. '
Company \ a eorr
^
mo*red.treS T C K k “ ’ ithorired by law #151,700,000; tlieamonnt u , . , " ’ . . . 1 I. ' 1 'J18 Pennsylvania Legislature, April 7. 1870, dls,'.1
° eL ^ f . b,w^ tacreaswl from time to time, chiefly by sale at Ibrns w fir
Rnliroad, and it operated all the leased
par to itowfakoldeirs, for new aoqitlwitfona, etc. {V, 54, p. 447 .j
Company * Pittsbur* ’ l u
owned by the Pennsylvania RR,
S fo M n ifa M T iA \aoa S1 * ln t8^ > 7: •“ 1385 a,Ml In 1888.5 ; In 1897,
*
Nov S fo-12
i'£ "r|y : la 1890, May, 3 per cent.
KMVre*SfJ p^r^nf l8°2' w 4 * *
hsn
Qtmh or non-tnterete boarfiur scrip, c e S r ^ i l M ^
convertible Into stock ; Nov., 3 cash; In 1992, May. 3; November. 3
P b ic is o f s t o c k
• —
* ■ ••
In Phtiadelphla Iprioejier $50rttarenot iwreontuin
.-kus
**........... J.tPvr.oniuni
The 8 percent bonds are eecornd by deposit o f $t,000,000 of PitfoS
n
* V ’ ^ k Q apeoial stock. The gold bonds of 1921 are
t t '! 1
*aHe’' nf the Pittsburg Fort Wayne
sive. 5 2% »55%
V
’ tf shucg rallrtnvls and are also guar?u‘l
by the Pennsylvania Railroad Oorar,h?r o ?? hb'Pn-sed; the trustees o f the Mortgage are V \ U.
V
Barnes, John P. Green and Hwnrv D. Welsh. In 1892 and 1893 the oompaS f
' ^ ‘ jo Pittsburg Cincinnati Chicago & 6t. l/tulslioSds
is t
m ile a g e o p e ra te d or contreUod by tills company
jJ n T a ^ ,^
ib ao
,Jy l> Pennsylvania Co. 1 .1 8 4 m iles. In y e a r
y
teras). on eotssoUdated 6« is payable on coupon dollar bond* o f July° 1 8 9 3 g r o s s , $ 3 2 3 0 6 ,6 5 6 ; n ot, $ 4 ,0 5 2 ,8 5 3 ; o h o rg e s, $ 6 ,8 2 2 ,3 7 9 ; b a l
L
a n c e , su rp lu s , $ 1 ,2 2 9 ,9 7 4 ; d iv id e n d s p a id 1 per ce n t), $840,000.
4
INVESTORS’ SUPPLEMENT.
[Vou
l v i.
RAILROAD
Marc h , 1893.]
S ib w r (b «r s w ill
c o n fe r a
STOCKS
A2LD
g r e a t fa v o r b y g iv in g Im m e d ia te n o tic e
BONDS.
o f an y
e rro r
113
d is c o v e r e d
in
th e s e
T a b le s .
Bond*—Princi
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Due,
of
Stock#—Last
Par
For explanation of column headings, Ac., see notes of
V hom.
v
Road. Bonds Value. Outstanding
Dividend.
on first page o f tables.
Cent. Payable
R AILR O AD S.
IN TE R E S T OR DIVIDENDS.
Pensacola A Atlantic—Bee L o u isv il l e A N ash v il l E.
47
Peoria <i Bureau Yal.—Stk,, 8 p. e. rent'l C. R .LA P.
1st mort.(Peoria Diy., Pekin to Mattoom) gold, o'
1st m. (Evansv.Div., Mattoon to Evansville,) g . c
Second mortgage, g o ld ..................................... e*
Ind. Bloom. & West. 1st M., pref., t a t guar, .ear
Ohio ludtanaA West. 1st M,, pref., gold, lnt.gu.oP. A E. c o n s o l . $10,000,000. interest guar..o'
2d codaijI. mortgage,Income, non-cumillative. ..c
Peoria a Pektn Union—le t mortgage, gold...........c
2d mortgage, gold............................................... e
Perkiom ai—l n M.,ser. I (1st i’n) gu. by P ,A R .,g.o'
1st >!.. ser, 2 (2d l*n) g., guar, by P. A R. (end-).e*
Petereburg—fSXoek............ .......................................
Guar. pevf. stock, 3 per cent, lien prior to mortg
1st mort. (payable $25,000, due yearly Jan. iH-.cr
Mort. bonds, class A,$200,000 reserved for 1st M.
Mortgage bonds, class B .......................................
Philadelphia < Baltimore Central—Stock...............
e
Gen.M. mow 1st M . -fo r$2.500,000,$!,200,0004 L.s
Phiia. d Erie—Stock ($2,400,000 is 7 p.e, special pr.)
Bunb. A F. 1st mort. (extended to 1877)......... CAT
Gen. mort., gold. guar, by Pa. KK ..................e
General mort., gold, guar. $5,263,000 are 5s— r
Phiia. derm. .# c t i t i n t d H i t t - l i t M., gu. by Pa. RR.r
Phiia. tierm. if Xorriet'n—Stock rental., P. A R. RR.
Phiia. Harrisburg d PUisburg—lm m ort* Kf>ld.e\*r
Philadelphia Newtown dt New York—
1st mold., gold, guar. p. A L (end.) by P. A R — 0*
no
1880
1880
1886
202
342
202
202
20
20
38
38
59
59
59
59
59
79
79
287
40
287
287
7
29
44
1879
1888
1890
1890
1881
1881
1887
1838
„ „ „„
....
1869
1881
1881
1890
$100
100
1.000
1,000
1.000
100
100 Ac.
500 Ac.
1,000
1,000
1,000
1,01X1
100 Ac.
1,000
100
100
500 Ac,
1,000
1,000
50
1,000
50
1,000
1,000
1,000
1,000
50
1.000
22
1892
1,000
128
244
1891
....
1857
1809
1869
1883
$1,500,000
8.400.000
1.287.000
1,470,000
2,088,000
10,000,000
1,000,000
500.000
8.103,000
4,000,000
1,495,000
1,499.000
799,600
1,125,000
900,800
323,500
124,000
718,000
800,000
2,495,650
2,200,000
10,385,000
976,000
8.680,000
10,018,000
1,000,000
2.246.900
2,000,000
1,600,000
8 per an. F. A A. N.Y.,Ch.R.I. A P ac.R R .
Feb., 1893
6 g. J. A J. N. Y . , Central Trust Co. Jan. 1, 1920
Sept. 1, 1920
do
do
6 g- M. A S.
Nov. 1, 1926
do
do
5 g. M. A N.
7
5 g.
4
4
6 g.
41. c.
2
5 S5 g.
See text.
Sec text.
3
5
6
J. A J.
Q.—J.
A. A 0,
April 1
Q .-F .
M. A N.
Q .-J.
Q .-J ,
,T A J.
,
J. A J.
J. A J.
J. A J.
A. A 0.
N. Y., Drexel, M. & Co.
do
do
do
do
N. Y „ when earned.
N. Y., Central Trust Co.
do
do
Phtla., Pa. Co. Ins. on L.
do
do
Richmond.
do
Rlehm'd and Petereb’g.
do
do
do
do
Jan. i , 1900
Apr. 1, 1938
Apr. 1, 1940
Apr. 1, 1990
Feb. 1, 1921
Feb. 1, 1921
Jan. 1 , 1918
Jan. 1, 1918
■Jan. 3, 1893
Jan. 3, 1893
Jan.,1894-'98
July 1, 1926
Oet. 1, 1926
Ha A 5
2 on com.
7
6 g.
4 g. A 5 g.
4Li
See text.
5g.
M. A N.
Phlla.. Penn. RR. Co.
Phiia. Of., 233 8 .4th St.
Phiia., Penn. RR, Co.
Phil.. Pa.RR. A London.
Phlla., Penn. RR. Co.
Philo., Penn. RR. Office.
Phiia., Treasurer of Co.
Phiia., Comp’y's office.
Nov. 1, 1911
Mob. 15,1892
Oet, 1, 1897
July 1, 1920
July 1, 1920
May 1, 1913
Men. -i, 1893
Oet. 15, 1925
A A O.
J. A J-.
A. A O.
M. A N.
Q .-M .
A A 015
5 §* A. A O. Phil., Phil. A Read. RR. Oct, 1, 1942
In c o m e a c c o u n t bus s h o w n after p a y m e n t o f a l l o b lig a t o r y c h a r g e s : road, and the stock of *1.000.000 van taken by tho different Peoria RR.
deficit in I 9 6 0 o f * 3 0 0 ,0 7 4 ; I d 1 8 8 7 . a c t p ro fit, $ 6 7 5 ,5 1 6 ; is 1 3 88 . t o w . companies, and they pur n rental and also terminal charges. See V. 36,
* 7 4 .8 0 1 ; to 1 8 ® . n e t p r o fit, 9 7 2 7 .8 0 2 ; In 1890. net p r o fit. 9 1 ,0 3 1 ,0 5 8 ; 1* 233. Receipts Is 1891-92. $598,086; net, $207,217; paid Interest,
in 1801 net profit. 81,725.038; in 1802, profit. 31.220.974. iV. 53, p. $137,155; dividends, 91 per cent) *40,000; betterments, *5,663.
81; V . 5-1, p. 3 8 7 . 4 04, 406, 4 4 4 , 525; V, 55, p. 5 7 , 161.1
P e r u lu m e n .—Own* from Perklomon Junction, Pa., to Emaus Junc
P « n n * f l v a n U L c l i t e l i Sc E a s te r n .—C h a r t e r e d to b ttlld fr o m tion, Pa.. 39 tulles. Stock subscription, $38,040. Reorganized in 1887.
T o m h ic k o w , L u xe ru e C o u n ty , P a ., in th e a n th r a c it e co a t d is tr ic t, t o There i* due Philadelphia A Reading RR. on loan account upwards of
Port Jervis, X . 5'., 100 t n lle s ; b ra n ch es, 2 5 m ile * . S t o c k a u th o r iz e d , *900.000. In year ending November 30, 1891, gross earnings wore
810,000,000; p a r , $ 3 0 . (V . 55, p. 463.1
*269,393; net, *101,324; interest, *90,230; surplus, *5,641,
P e n n s y lv a n ia Sc N o r t h w e s t e r n .—O w n s B cllw O O d, P a ., t o
!•«««• r s lx i r g . —Owns Petersburg, Va., to Oaryaburg, M. O., 59 m iles;
H o r a tio . 62 m ile * • to ta l, in c lu d in g b ra n ch es, 73 m ile * . A e o m o U d a t io il rents Garysburg to Weldon (Seaboard Sc Roanoke), 2 tulles; total. 61
„
J a n . 1 ,1 8 9 0 ,0 ! th e B e il* f l a p an d C le a r fie ld & J e ffe rs o n ro a d *.
miles. Reorganised In 1877 without foreclosure. Preferred stock te
Sto c k , B i c .. increased from $ l ,600,000 to $2,000,000 la 1891, and gu.mmie d 3 per cent y u t l. i, then common receives 3 per cent, then
In March, 1893, further increase to $2,500,000 was authorized, $250, but b stocks -bare pro rata. Dividend on common stock In January,
000 of this bring then offered at 90 to stockholder* Bee detail* V. 56, 1892,3 per refit; in July, 3 ; In 1893, January, 3 per cent.
P- 414. Dividends hare bean—In 1890, 5 p. c.; in *91, 5 ; in *08, Jan.,
From July t, 1892, to Jan 31, 1893 (7 months!, gross earning*
2%; J a ly ,3 ; ln ’98, Jan.,3 p. e. O f th e * 2,000,000 jmaerai mortgage were *285,473, agat. *276.240 in 1891-92; net, *123.223. against
Uo;m* authorized, sufficient are held to retire the prior issue*, when $132,442. In year enilinv June 30, 1892. gross earning* were *532,doc. Five per cent car trust* due 1683 to 1902, $473,000, due $60,000 462; net, *223,905. In 1890-91, gross $527,644. (V. 53, l>. 879.)
yearly on March 1.
P h i l a d e l p h i a Sc B a l t i m o r e C e n t r a !.—Philadelphia to Westr
E A im x O K .— I n y e w 1 8 9 3 g ro s s $ 8 8 6 ,2 8 2 a g a in s t $ 8 6 0 ,3 8 2 In 1 8 9 1 ; eheater. 28 m iles; Wawa toOctorare. Md.,4G m.; Brandywine Br., 1 in.-,
net, 9850.196; interest on bond*. 9114.370: dividend*. 912 0 ,00 0 ; bal leased Cheater Crock Railroad. 7 tulles; total operated, 80 miles, Tho
ance, surplus, $16,326. Total surplus Jan. 1,1883, $143,327. E. J. Philadelphia Wilmington A Baltimore Railroad holds practically all
Berwind. PreWt, PhUadclphia.-(V. 50, p. 37; V. 56, p. 414.)
the *2,495,650 stock, and operate* the road as part o f Its system, to
>
P e n n s y lv a n i a P o u g h k e e p s ie Sc Host< 11 .—Operate* from 1891-92 gross earnings. $1,026,302; not, $211,442; surplus above
charges, $87,903, Including Interest on deposits, etc., *24,164
81»tto*u»n, P a , to Campbell Hall, N. Y. 96 miles, o f which throe
section*, aggregating 44 tulles, belong to other companion. Con
P h i l a d e l p h i a Sc E r ic . —(Sts Slap Pennsylvania MK.f—R o x o —
nect* with line* running to the Poughkeepsie Bridge. ’ Completed in Owns road extending from Bunbury to Erie, Penn., 287 miles.
November, 1889. Trustee o f 1st mortgage o f 1889 te the Holland Trust
O r o a k iz a t io n , L eask , A c .—Formerly Bunbury A Erie. Leased to
06. Interest was defaulted January ! , 1891. and in February. H, II. Pennsylvania RR, Co. fur 999 years, and actual net receipts paid as
Kingston.of Philadelphia, was made receiver. Receiver's certificates rental Pennsylvania RR. owned Deo. 31, 1891, $3,501,800 common
July 1, 1892. were $239,000; ear trusw. $272,060; loans and hill* ami $2,400,000 special stock and $3,823,000 general mortgage bonds,
payable,$624,035; interest due and accrued. 8233,065. Capital stock, and city o f Philadelphia (sink, fund! $2,250,000 common stock.
92,000,000 ; par. $50. In April, 1892. operation of road was under
Sto c k .—Capital stock—Common, authorized, $1 0 ,000,00 0 ; outstand
taken by Philadelphia & Beading, which. It I* said, will ultimately con
trol or Vase it. In year ending June 30. 1892, crow earning* were ing, *7,975,000; preferred, special, 7 per cent, $2,400,000; par, $50
*197,984; deficit under operating expenses, 816,619; charges, $237,D ir a iJ O i. - O n co-nmon stock 2 per cent was paid In Maroh, 1892.
191; net loss, $253,820. Total deficit to Jane 30, 1892, $805,236.
B onus .—T he general mortgage Is guaranteed by Pennsylvania RR,
—(V, 51, p. 609; V. 52, p. 351; V. 53. p. 641.)
L atest E a REWOS.—Jan. 1 to Jon. 31, 1893 <1 month), gross, *321 j
P e n s a c o la A A t l a n t i c . —See I/.i isviu.F. A N a m i v il l i :.
404. agst. *359,675 in 1892; net, $33,190, agst. $88,203.
I
P e o r ia Ac B u r e a u V a lle y . —Own* from Bureau Junction to Peo
A n su At. R b po r t .—The report for 1892 In Ch r o n icle , V. 50, p. 287,
ria, i l l , 47 mile*. The road was leased in perpetuity April 1 i, 1854, to (see also p, 332), showed earnings as follo w s;
the Chicago Keek Island A Pacific at 0 rental o f $125,000 per annum.
1889.
1890.
1891.
1892. .
P e o r ia D e c a tu r Sc E v a n s v i l l e ,—cSee Map Eeantrille <* T a r t Grow earnings...............$4,6-89.137 $5,113,787 *5,201.381 $5,256,551
Battle.}-*-Owns from Pekin to Evansville, 235 miles; branch, 6 miles; Expenses tlncl. all taxes), 2,928,744 3,415,595 3,516,391 3,740.012
tease*. Pekin, 11 to Peoria, BL, 10 mile*; through Decatur, 3 mile*;
1.,
total, 254 mile*. Operated In harmony with the 'Evansville A Terre
Net earnings..............$1,760,393 *1,698,192 *1,684,970 $1,315,609
Haute, to which wavs due July 1. 1992. on loan »■ count, $352,122. On
same date bill* payable were $77,260 and •-aulpraent note* and con- Total net income............ $1,778,573 *1,716,440 $1,702,985 $1,535,563
true to $352,12’2, C“ ti-oUdalion with Chicago & Ohio Elver and issuing Interest on debt..............$1,034,470 $1,034,470 *1,042,470 $1,012,470
o f bond* hy consolidated company were to be voted on on March 14, Interest on special stock.
168,000
168,000
168,000
168,000
1893, tmt temporary injunction interfered, gee V. 56, p. 207, 404.
Interest on equipment...
174,920
183,614
156,003) , ,,,
U t M t EvKWsos, -From July 1 to Deeetnoer 31, 1892 id months), Extraordinary expenses . 323,331
......................... .
s ‘ *,s,zh »’
grew* earning* were $473.977; net, $239,877; charge*. $183,601.
Organization expenses
8,000
8,000
8,000
8,000
Alum AL ItBPOier.—Year ends June 30. Report for 1891-92 In V. 55,
p. 994, showed m g * earnings. $836,815; net. $340,73-1; total fixed Borpln a ...........................
$69,851 $322,356 *$328,512 $173,794charge*, *331,870; surplus, $8,864, against deficit o f $13,526 in
• A dividend o f 2 per cent on common stock was paid in March, 1892.
1890-91. (V. 53, p. 7 1 1 ; V. 55, p. 8 94 : V. 56, p, 207, 464.1
- ( V . 50, p, 274; V. 52, p. 27S; V, 54, p. 365, 400; V. 56, p. 287, 332.)
P e o r ia Sc E a s te r n .—Own- from Pekin Q )„ to Indianapolis. I ml.,
P h i l a d e l p h i a ( S c r m s n lo n n 4 C liM t n n t JII1 I.—In Phlladel
202 tone*, and ha* a lien o f *5,000.000 on Springfield Division. In'rom iGermantown Junotton. on Connecting Railway, to Chestnut
dianapoii* to Springfield, Ohio, 141 mile*-, trackage, Pekin to Peoria, 9;
r tnllos. From May 1,1883, leased for 30 years to the Pennsyltotal operated, 352 miles. Operated by Clave. Clheinnao Cb. & Bt. L.
Ratlroad Company, wldcli guarantees 419 per cent on the bauds.
B is t o r t , L ease , Etc .—The Ohio Indiana & Western was sold In fore
Rental, net earnings. Pennsylvania Railroad owns $999,750 of
closure Feb. 20, 1890. and reorganized per plan In V. 49, p. 616. Us the $1,009,000 stock (par, $50), Gross earnings In 1891, $248,754; net.
successor, the Peoria & Eastern, 1* teased till April 1 ,1910. to the Cleve over expenses and taxes, $83,917: tot., $45,000; rentals, etc., $1,330.
land Cincinnati Chicago A St. Loots, which guarantees the Interest, but
P i
n to w
t o w n . —Philadelphia,
not the principal, o f the first consols, and owns one-half th e*10.000,000 Pa.,htol a d e l p h i a G e r m a miles; n Sc N o r r i s Branch, 3 m iles; P ly
Germantown
stock, par $100, If the Peoria St Eastern’s earning* added to the net in mouth Norristown, Pa.. 17 4 m iles; total, 34 miles. Leased November
RR., 9 miles; other,
come top to *200,000) over operating expenses of the Springfield Divi 10. 1870, to
A Reading Railroad for
non of tiie Ohio Indiana St Western exceed the sum* necessary to o f $209,623 Philadelphia yearly for organization 099 years at a rental
and $8,000
Dividends
pay tke Peoria A Eastern's lived chargee and to reimburse the Big Four usually 3 per cent quarterly (12 per annum) wereexpenses. temporal fly
in 1893
for all advance* up to that time, the surplus i« to go to the second con reduced to 2 > per cent quarterly on account of certain losses sustaiued.
3
sol. Income*, and any surplus to the Peoria A Eastern itself.
P h i l a d e l p h i a H a r r is b u r g Sc P it t s b u r g , —Owns from Harris
Bonos.—The consolidated mortgage o f 1890 covers, beside* the road burg, Pa., to Shlppe ushurg,on the Western Maryland Railroad, 41 miles,
owned, the *5,000,000 purchase money lien on the Springfield Division, with blanch, 3 mile. Opened to April, 1891, and leased for 909 years
pee abstract* o f the consolidated mortgage and o f the consolidated
the Philadelphia A Reading, which by
on
income mortgage in v. 51, p. 246, and o f Ditto Indiana A Western mort to urantees the bonds, principal and endorsement The each bond,
interest.
rental i»
gage, V, 47, p. 2 0 1. Due lessee July 1, 1892, $199,062.
00,000, which pays interest on bonds and 5 per cent on stock. Stock,!
E akktnos.—From July I, 1892, to Jan. 31, 1893 <7 months), gross
,000,000; par, *50. (V. 51, p. 383. 459; V. 52, p. 124, 043.)
earning* were $1,052,257, against $1,128,066 In 1891-92; net, *222,P h i l a d e l p h i a ' e w t - i w n Sc N e w Y o r k , —Owns from Second
2*6, aaatMt *322,979; interest, rentals, etc., $257,610, against and Butler streets, Philadelphia,northerly to Newtown, with branch
*2b >.l55; balance, deficit, $35,074. against Karpins of $57,823. Hi under construction from Olney to connection with Tabor brunch o£
year ending June 80.1*92, gross earnings wen- $1,833,143; net, *523,- Philadelphia St Reading. 22 miles In all. Consolidated with Philadel
434 (against $235,206 in 1SSKMM); inter at on bonds, *419.120; phia A Newtown Connecting RR. to 1892, and above mortgage issued!
rentals, - to,, *35,399; surplus, *68.915. (V. 53, p. 3 24; V. 55. p. 401.) to retire $700.000 old Hu, anil to comfiteie and equip the lino. The first
P e o r ia * P e k i n E n io n , —Owns from Pekin to Peoria, 10 mile* on 5s are endorsed with Philadelphia A Reading's unconditional guaranty
eaoh side of Hwrioi* R iver; torsi operated 20 mile*. The road is a union of principal and Interest,
S
g
114
INVESTORS’ SUPPLEMENT.
I
M a r c h , 1M8.J
RAILROAD
STOCKS AND
RONDS
115
S u b s c rib e r* w i l l c o n fe r a g re a t fa v o r b y g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e re d i n th ese T a b le s .
Buu ds—jprmoi*
R AILR O AD S.
IN TE R E S T OR DIVIDENDS.
Miles Date Size, or
Amount
of
For explanation o f eoluran headings, Ac., see notes of
Par
When
Outstanding Rate per Payable Where Payable, and by Slocks—Last
Road. Bond* Value.
on first page of tables.
Cent.
VAiorn.
Dividend.
Fhtiatitlphla <* Reading—Stock..............
1st mortgage, $ and £ . ........................
Mortgage loans o f 18-14,1848 and 1843..............tMortgage loan of 1857 convertible....................c
Mortgage loan o f 1868....................................... <
■
COasn!. mortgage (-88,162,000 are gold 6si........ c
Im jir't M.. g . d r a w n at 100. See V. 48, p,260,e
General mortgage o f 1871 (see text)— .............
Consol M.of 1882, gold, statoped, pay. at- notiee.e*
General mortgage (81 (Kl.OOO.OOOl, gold_____e*Ar
1st pref, Inc. M „ not earn. ($24,400,0001 go ld ...c’
2 1 pref. tots. M „ not cum. (#22.500,000) gold...c*
<
Sri pref. tne. M., not cum, ($5,050,090 con v.) g..r*
Terminal >1.. gold. git. by P. & B. Term. 8 K . . f »
Ten-year sinking fund gold loan. red. at 100 ..c*
Delaware R iver Terminal Pur. Money M . gold eDelaware R iver Term. Ext. Pur. Mou. >1., goldLe*
Collateral trust bowl* i,$10,000,000} K»W-..........
Defected Income* (after stock).See V. 54, p. 230
Car tract, belies A , $100,000 due each P. I t A . .c *
1.000 due each M. A S___ c*
r trust. Series li.
Car trust. Sene* C, W.OUO due Q .- M .............. c*
5.000 due (J.-F.. gold___ c’
Car trust, Series D,
Equipment notes,.
Mortgages on real estate
V. A R. Coal 4 1. purchase money A real estate M
Do
do
guar, extruded In 1802. gold.
Do
do
guar, extended In 1803, gold.
. ...
. .. .
. ,
. .. .
. ...
___
327
327
327
327
....
. .. .
__ _
. ...
. .. »
. .. .
....
. ...
....
....
....
....
$30 $40,105,361
1843 $ & £
1,512,700
6
1844-9 1.000
954,000
6
1857 500 Ac.
70,000
I'll
1868
1,000
2,700,000
7
1871 200 Ac. 18,811,000 6 g. A 7
1873
1,000
9,36
6 S18-32 50OAC.
5,767,042
5 g18SS UOOO&t 41,353,000
4 g.
1888
1,000 23,971,000
5 g.
1888
1.000 10,176,413
5 «.
1,000
1888
See text.
5 g.
1891
1,000
6,000,000
5 g.
1892
1,000
2,000,000
5 g.
1892
1.000
700,000
5 g.
1 92
1,000
1,220,000
5 g.
1892
1,000 As collateral
5 g.
1882 50 Ac. 23,568.090
6
1883
1.000
100,000
6
1,000
153,000
6
1I I 7
1,000
540,000
5
1690
1,000
5 g.
2,00-5.000
1601
....
3,-185.306
tn
2,052,090
•72-’ e 4 500 &c. )
S
(5 ,6 4 7
. .. . 500 AC. [• 12X45.106 )
8 g.
500 Ac. s
(
6 g.
P h i l a d e l p h i a t H e a d in g . —(Src Map}—h a t* o r R oxb—O w n»
main line, Philadelphia to Mount Cartmu, Pa., 03 miles; branches
owned. 220 mile*; leased lines, 552 miles; rood* controlled, 293 miles;
total operated November, 1891,1,173 tulles.
I » September. 1892, the Port Reading RR. (which sees was completed.
I t extend* 20 miles from Bound Brook to Staten Island Sound (near
New York), where extensive terminals will he established.
Control o f the Poughkeepsie Bridge system « m aeoulred In FebruMT. 1892. Bee Philadelphia Heading 4 S ew England and V, 54. p. 203.
The Central HR. o f Sew Jersey and the Lehigh Valley K S. were
IWeed early la 1892, and on Sept. 1,1892, the I. high Valley open d a
n-w Hu- to Buffalo, but la August, 1892. t'nnC-ntral w,»* ordered by
the court to take possession of It* road, which It did.
A th r o u g h co n n c tb u i w it h th e Pm-itto v ia th e Jakes a n d th e O r a t
S o r t !) ru B B . w a s s e c u re d o n S e p t. 1, 1892. b y c o n s o lid a t io n o f t h e
L e h ig h V » U - y T r a n s p o r t a t io n C o m p a n y w ith tb- N o r th r a 83. C o .,
Bn- Or- a t N o r th e r n B y '* la k e c o n n e c tio n . S e e V. 5 5 , p. 33 2.
A large Interest f » the Boston A M ain* and New York * S ow Eng
land railroad companies passed under the control o f Reading parties In
October. 1892, See V. 55, p. 704. 723,
The Market street station la Philadelphia was opened In March, 1893.
J.
.1.
J.
A.
J.
A.
A
A
A
A
A
A
J. Philadelphia & London, July, 1910
J. Phila.,Of,, 227S.4U1 St. July. 1910
J.
do
do
July, 1910
0.
do
do
Oct, 1, 1893
D.
do
do
June 1, 1911
O.
do
do
Oct, 1, 189T
M. A N.
J. A J.
Feb. 1
Feb. 1
Feb. 1
Q .-F .
F. A A.
M. A N.
J. A J.
J. A J.
.....
F lw tA lt
M. A S.
a -M .
q ,-F .
do
do
do
do
5 p, ct. paid. Feb., 1893
5 p. ct, paid. Fell., 1893
5 p. ct. paid, Feb., 1893
Phila., Prov. L ife A Tr,
do
do
Phila., Guar. TrustPhiladelphia.
do
do
May 1, 1922
Jan. 1, 1958
Jan. 1, 1958
Jan, 1, 1958
Jan. 1, 1958
May 1, 1941
Feb. 1, 1902
Mav 20, 1942
July 1, 1942
Jan. 1, 1912
Irredeemable,
Phila., Union Trust Co. #200.000 y ’rly
do
do
102,000 y r iy
Philn., Fidelity Tr. Co. 120,000 y’rly
Phila., Prov't L ife A Tr, 300,000 y r j
Various Phila..Of., 227 8, 4thSt, 1892 to 1904
Semi-an
do
do
Various, 1897
do
do
Jan. 1, 1898
*11 sources, after paying operating expenses, taxes and existing rentals.
guarantees and Interest charges (but not fixed charges o f the same sort
mhseuneBlly oreatwit ; also, after deducting expenseaor “ renewing,
replaolug and repairing It*-a id property and premises, Including such
reasonable improvement* thereof and additions thereto a* shall be neosssary for the safe, projwr and economical operation o f the same.’*
(V. 47, p. 25b.)
The Diirtl rrtfertnee (neomr* m a yb e Increased to aur amount “ fo r
Value." The com puny on Doe, t, 1891, reported $17,974,090 out» tan-llng, but how many t o r e been sold since !-* not k tt. vn Tim float
ing debt statement, however, published In March, I$!);t, »Iunred $3,744,0001 >t«>pledged as oollaterai, while It Is said $3,000,000 more
are de|H»*it«d as ■ < nrlty for the Lehiglt Valley lease.
»,•
lu February, 1889, the first amt second preference bonds reoelved full
tntercat, and the third 2<s percent. I n 1890 only % o f 1 Per cent was
paid on the flrst itteome-. in Feb , 189!. nil; In Feb.. 1302, 5 per cent
on firsts anil 48) per rout on seconds; In February. 1893, full interest
on all three c!a*e«w.
The term inal mortgage batuU fo r the construction of the Terminal
RR. are the Beading’s own bond*, and are guaranteed by the V. A S.
r«n n ln «l RR, Co. They are also secured b.r a mortgage upon all the
Ptojierty o f the Terminal Company and by a trCHo nuttrwrt botweon
Reoiltug and the Terminal Co. The trustee Is the Provident Life A
Trust Co. of PUtla. Amount authorised. *3.500,(8)0. See V. 53. p. 391.
The lea-gear si,tkhuj fund fou n d lie 1902 I* secured hy $2,196.000
coal land mortgago tminls deposited witli the Feun. Co. for tipmrauoe,
4c,, the trustee. Thebond* are aufejeet to call at par and Interest.
As to the eollattral tru tl batult o f 1892 We V. 56, p. 43
B is t o r t , Leases, Ac,—The. Philadelphia A Reading Company was
chartered April 4, 1833. UtaM e* auumber o f rood* In Pennsylvania;
also, the North Pennsylvania Railroad and Delaware A Bound Brook,
forming the Hue tram Philadelphia to X tiv York,
to M an 1880, receiver* were appointed and held possession till May,
1883. in Jane, 1884. the oumpimy again went Into receiver*’ hands,
and m remained till January. 1888. in February, 1880, the DrexeiMontan syndicate effected a reorganisation Without foreclosure. (See
FMMTRto D ebt .—On Feb. 20,1393. the receivers’ statement showed
plan V, 43, p. 747). V oting trust expired Aug. 1 , 1802
floating debt -ocured by collateral $9,807,317; total floating liabilities.
O n Feb. 20,1893, receiver* were ouee more appointed, Ihe floating Including amounts due for coo!, rentals, supplies, wages, etc,, # 18,debt having becume unmanageable. The receiver* are A. A, McLeod. 472338. TI10 total current assets in the way or supplies, coal
B r i M n l o f the company; K p. WBbur. President of the Letogh snd money due for coni, freight, etc., was put at $15.779,7,34, leav
TBOey and Judge E. M. P assob . The stock sold Jan, 25 at 53flt, anti : ing • d-ffetency Of $2,693,013. In connection with 21.036 shares
on Feb. 28 after the receivers were appointed at 25. See V. 56 p. 311,1 o f Boston A Maine RR. stock and 11.0 00 stores o f New York A Now
>32,465.
England RR. stock, there were outstanding $783,000 collateral trust
Tt»« Lehigh Valley R a ilro a d 1* leased for 999 years from Doc. 1, 1891, bonds an ! * 1,541,000 3d pref ore nco Incomes. Included in the col lat
and dividend* on it* *>..ck m m l w 4 -s ee Lehigh Valley.
eral for loans, Ac,, were (he #l0.000.0o<> collateral trust bonds,
A traffic agreement with the Buffalo Rochester A Pittsburg wo* made $3,741,000 3d preference Income*, $1,100,000 Philadelphia Harris
lb May. 1892. Sec V. 54. p. 799.
burg A Pittsburg bond*. $600,000 PUtla, Newtown A N. Y. 5s, eta.
Cost. PsoPBBTIM —The I'ldladelphia & Beading Coal & Iron Co, was See full statement V, 56, p, 437, 404. Receivers’ certificates are
formed (Deo. 12,1871,1 for th# purpose o f owning and working the ex- talked of.
WsB*lv* en*J properties o f Ud* omit'imir The Philadelphia A Reading
OKVMtAL RBANCMte-In September, 1392, and January. 1803. #d,BB. Co. own* all the stock fgs.OOO.OOO) o f the Goal A Iron Co., and had
sold.
income account for
invested In it November 30,1891 (a* per balance sheet). #69,153,181 981,000 general mortgage bimds wore on all The preference lnoomea,
1391-92 showed full interest earned
the
over liabilities. In December, 1892. ft was #tim »aiw .l that arran gmeuts bad been made to have tbs Finance Company of Pennsylvania anti the full amount was paid, though the funds therefor Usd to he
become toe commercial agent* o f the Coal A iron (to. Beo V, 53, p, borrowed, the earnings having been expended on the property. This
ritl-ed the floating debt to an amount beyond the power o f the com
lift
The estate* o f the company aggregate upward* of 101,000 pany to carry and receiver* were appointed.
B n * , cii^wfled m follow s:
Coal land* uwued fM rm ).. ..95,1411 Timber lands owned (acre*) 70.189
L a t e s t K » ftvnms.—For tw o months ending Jan. 31 resnlts wore as
Coalland# leased ia c re *i.„. 7,439 f toon ore land* (acre*)........ 21,000 follows, the C tal Company report for 1892 93 Including the Lohlgh
Valley coal department. The combined results o f the railroad and
Total area (acres)....................... ................. ....................... 191,062 coal t-titiipanics It will be seen were a deficit In 1892 93 o f $175,645,
CsrrrsL St i K —Tiie dividends paid on Philadelphia A Reading aguinst a surplus o f $190,582 In 1891-92. (V.50, p. 374.)
7K.
stock from 1-870 to 1,875, Inclusive, wore 10 per cent each year; In 187(1
(a ) KAILSOAD COMI’ ASr.
2>» per tent was paid and nothing since. Third prefer, nov bonds for
2 mo*.
O ro u e a rm ,
A'et.
Other ine. Charge*, tfe.
Balance.
(5,050.000 w rr • conv. r tlb l. Into common stock.
1893-3 ...#3.474.148 #1,239.695 #91.088 $1,361,153 d-f. $30,370
Fmcr, o r STOCK.-In 1886, lSiaBW s; In 1887. 31*711,; to 1838,! 1801-2 ... 3,60.8,737 1.650,395 111,400 1,305,801 sur. 455,997
f * y » W : la t48». 30w
,50 la1890, aflha-wi,; In 1891, 23’ *B43%;
tb ) c o al c o m p a r t [inch Lelilgh V alley Coal in 1892-3.]
In 1892,38 *65; in 1893, to Mar. 17, inclusive, 2296953%.
|
2 mo*.
firoe* earn*.
Bet.
Charge*,tic.
Balance.
O V A * avti a* —
flee HcrcUMdif of January. 1*93.
18 92 -3...................... $ 8 ,0 3 6 .8 4 8
$ 1 3 5 ,7 5 5
$ 2 8 1 ,0 3 0
d c f.$ 1 4 5 ,2 7 5
B o v p s .— The general mortgage bond* of 1874 for $24,688,000 and 1891 2................... 3,310,104
2-15,525
294,940 del. 49,415
other prior hood* are held aiiv« as collateral security for t h e g e n ral
Avvt; At, R k w it
Nor. 30. Annual meeting Is
mortgage of £88$. The consolidated 3* of 1382 are payable at par at second Mondayuin .—Fiscal year ends for 181)1-92 lu V. 56. p. 59,80,held
January. Report
43.
a y tn m b
T o e general mortgage, and firs t, se co n d an d t h i r l p r e fe r e n c e In c o m e s
g r u s tc e <>f a ll, P e iitis y lv a ijt a ffo m p a n y fo r In su ra n ce o n L i r a * , e tc ., 01
rh U M M p tila j cover In a d d itio n t o th e 3 2 7 w ife** o f m a d o w n e d th e t itle
to tea sed lin e s (m o s t ly tea sed fo r s t t O y e a r * ) , a ft r e a l e s ta t e , ru ttin g stock
atttt T fo s e js o f th e c o m p a n y , * 3 ,0 0 0 ,0 0 0 P t iila ft ilp h t a A R e a d in g C o a l A
Uatt C o m p a n y s to c k , as w e ll a * tils r e a l e s ta t e o f t h a t c o m p a n y , and,
? ! f’W
" a m o r tg a g e t o P h ila d e lp h ia A R e a d in g R a ilr o a d C o m p a n y
oaissl J u ly 1, 1874, sto c k In o t h e r c « f l a n d Iro n c o m p a n ie s , A u uho f th e g e n e r a l m o r tg a g e w a s In th e C i)Ri>xn :i,B , V. 46 , p, 8 7 0 , and
« th e p r e fe re n c e In co m e m o r tg a g e s In V . 47, p. 111 and 1 12. C e r ta in
o f th e th ir d p r e fe r e n c e b o n d s are. tx rtm trtib ie a t o p tio n o f h o ld e r s In to
CBBoooo sto ck . See V . 5 0 . p. 276,
T h e l.o .1 tiutliort/cd l * „ i r o f ,,- n . r ' d 4 - I- # 1n o / " 111.
,.f tills
aatou nt $41.35:1.000 w a s o iix s ta n - fiiu 11 M a rch . 1 -!»:«. a n d o f th e b a l1
S ii-e tii-:---,- -*
r e - e r r e d fro- s p e c ia l p u r p o s e s a p p r o x im a t e ly th e fo l
f S I ’S i - T u r e t ir e im p r o v e m e n t b o n d * and b e n d * p r io r t h e r e to . #33 ,1 2 1 . f o r rea l r s t a t o m o r tg a g e * , #1,S0MX)O-, fo r C o a l A Iro n C om .
iH f t ™
H io rfg a g c s , # 9 , 11 2.(>00 ; f o r s e c u r itie s o f l i n o lea se d a n d
1)
co n tro l!.-d . $10,-555 ,()0 o . This lo s t a m o u n t Is to b e h o ld f o r t h e pu rpmto m on tfem ed t i l l J a n . 1, I8W8. b u t t h e r e a ft e r w in b e a p p lic a b le t o
bettertuorit-s, e q u ip m e n t a n d o tfo -r *flB foadt|H ired p r o p e r t y .''
t o itjo i »
k
mortgage* not e a r n in g * a re d e fin e d as fm> p r o fits o f the
r a u r o w l s o m p a u y f o r ea ch fls ca i y e a r e n d in g N o v . » > d e r iv e d fr o m
Year* touting Sot. 30—
Passenger traffic...... ......
Coat traffic_____________ _
Merchandise traffic.........
Misi-eUattenuS.................
United States mall...........
Income from stk*. A Ini*.,
from steam colliers, Ao.
1880-00.
$3,896,291
9.305,336
7,210,380
448,480
71,830
1,257,307
1.337,817
Total earn’ gs RR. Co..
Operating expenses. . . . . .
$22.16(1,480
lM to l,1 8 $
$23,111,109
13,176,631
$14,32 4,065
13,656,328
Not namings RR. Co..’
Net ear lings C. A L Co___
$8,365,2!) 2
f i t *.31,158
$,*,93 4,478
48*2.065
$10,667,237
1,273,143
$10,417,143
2,838,351
4,502,882
815,526
393,423
$ LI,940,385
2,810.098
4,6110,992
1,060.828
187,980
Total net both Co'»___
Rental* Rtt. Co.................
Interest RR.Co.,............
Interest Coal A Iran C o...
Sinking fund Coal A I. Co..
Total deductions.........
Balance, both companies.
1.231,063
$8,114,144
2.830.744
4,351,312
822,126
340,107
1890-91.
$4,045,862
17,250,083
482.604
75,162
1891-92.
#22,086,248
$3,758,80$
$8,352,182
$4,344,289
def.$230,155sttr.f 1,86 U W U u r.S JjlS l ,487
March , 1893.]
RAILROAD STOCKS AXD BONDS.
11? '
S u b s c rib e rs w i l l c o n fe r a g r e a t fa v o r b y g i v i n g im m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d In th e se T a b le s .
RAILR O AD S,
Miles Date Site, or
of
Par
For explanation of column headings, Ac., see notes o f
Road. Bonds Yalne.
on first page of tab.es.
Philo. Send. <t .Vetc Sng.—P m t. stock, 5 per cent
*58
1st M-, gold (See text.) guar. p. A 1 (end).........
.
58
Do (4 p.c. till SepL'95; then 5 p.e.) ffuar.p. A l.c*
58
lae. M, uon-ou., Ser. A,$1730.000:B,$2100,000.e12
Dutchrea County RR, 1st mort., gold. See text.c*
27
Phda. <t Trenh/n—Stock 10 p. c. rental, Penn BE
Swore—Stock.
Philadelphia Wilmington d )
iPlaUv.
" ‘ ........... '
Plain bonds, a. fond $16,000 yearly, not drawn.
....
Flail! bonds,*, fund$20,000 yearly.not drawn.
Plain bonds.......................................................
Plain bonds...........................................................r ....
Plain bonds,gold — ................
r
. .. .
P lato bonds, gold.......................
t
29
Piedmont <t OumberUmd—l s t mortgage, gold----e
75
Pine Creek—1st mortgage, gnar. priit. and tat — r
105
PUlstntrg Akron d V .—1st M. $3,630,000, gold., .c*
16
Pittsburg Churtiers & Youghioghrny— 1st mortgage
Gen. M. *1,000,000. gold, gu. p. AL (end.) See text. _ 10
Pittsburg Cincinnati Chicago <t Si. Xouir—Pref. »tTt:1,083
i CWri AOt. East. l.MM. (Lffilc, toLoir,insport)..ir 117
GoLAInd.Cent. 1st M (Colum. tafnd. A br.i.c"
187
I Col. A Indianapolis Central 2d mortgage...... e*j 208
i Union A Logtuusp't 1st >1. itT'u City to Logan sjc*; 93
C bic.S t.toA Pitts, eons. M. ($22,000,000) gold.c'i 580
Cincinnati Richmond A Chicago 1st mortgage.. .
36
JeatotriBe, Mad. A In. 1st M (a. t drawn at flO l.c 222
2d mortgage ....................................................e 222
5 Bteub. A In ti, 1st mortgage, extended In 1384. r 116
t Pitts. C. A St. to, 1st consol, mortgage....... eAr, 216
1892
■
1892
1890
. ...
1875
1880
1887
1887
1891
1892
1886
1985
1890
1882
1892
1 —
1863-5
' 1864
i 1864
| 1865
1 1883
! 1866
; 1866
i 1870
1864
I 1868
IN T E R E S T OR DIVID END S.
Amount
R at* per When Where Payable, and by
Cent. Payable
Whom.
$2,000,000
4 ft. F. A A. Phila. Of.,227 8. 4th St.
3.750.000
4-5g. M. A N.
2.500.000
do
do
1,000
3.850.000
5 g. Oct. I
Phila.—when earned.
1.000
350.000
6 g. J. A D, Phila., Phil. A Read. UK.
100
1,259,100 lOperan. Q .-J- Phila., Company's Office
50 11,819,350 see text. J. A J. Phila., 233 3. Fourth St.
1.000
800.000
A. A O. Phil.Of.;Bost„Kiil.Peab
0
1.0 00
5
1, 000,000
J. A D.
do
do
1,000
1,000,000
A. A O.
do
do
4
1,000
1,000,000
M. A V. Phila., 233 S. Fourth St.
4
930.000
1,000
J. A J.
do
do
1,000
A. A O.
do
do
1 ,000,000
1.0 0 0
A. A O. New York A Baltimore.
650.000
1.000
3.500.000
! g- A. A O. X. Y. Gd. Cent. Station.
1.000 . 2.450.000
5 g . F. A A.
Vow York.
500 Ac.I
J. A Da
Pittsburg Office.
320.000
1.000 !
4 g. A. A 0.1
do
do
380.000
100 22,485,049 See texVSetni-auX.Y.,Farmers' 1,'nATr.
223.000
1,000
A. A O. N, Y.. Onion Trust Co.
1,000
2.631.000
J. A
J.
do
do
1.000 I
780.000
M. A
N.
do
do
1.000
A, A
O.
do
do
715.000
1,000 1 1.506.000
A. A
O.
do
do
1.000
552.000
J. A
J.
do
do
1,000 | 2.493.000
A. A O. V. Y ., Farm, to A Tr. Co.
1,000 ! 1.995.000
J. A
J.
do
do
J. A J, X. Y.. Nat'! Citv Bank.
1.000 i 3,000,000
1.000 I 6.863.000
P. A A. Phila., Penn. E l i Office.
$1,000
1 ,00 0
if:
Stocks—Last
Dividend,
Nov. 1, 1942
Nov. 1, 1942
Oet. 1, 1952
June 1, 1940
Apr., 1893
Jan. 8, 1S93Apr. 1, 1900
June 1, 1910
Apr. 1, 1917
Nov. 1, 1922
Jan. 1, 1926
Oct. 1, 1932
Aug. 1, 1911
Deo. 1, 1932
Apr. 1, 1946
Feb. 1, 1902
Apr. 1, 1932
Apr. 17,1893
1893 A 1895
Nov., 1904
Nov., 1904
Deo., 1905
Oct. 1, 1932
July 1, 1895
Oet. I, 1906
July 1, 19)0
Jan, 1. 1914
Aug. 1, 1900
P it t s b u r g A k r o n A A V e v ie rn .—Owns Akron, O., to Deipboa, 165
A IR O N C O M P A N IE S .
mile* . coMpletod in 1992, Stock authorized, $4,230,000; par, $100,
Goal carried
\ Goal fro m
P i t t s b u r g C h a r t le r s A T o i l g h l o g e n y , —Owns from Chartiers
Tear
( km* o f
rthtmdxm ■
lands o f 0, & Gross r t- \Ke( e'rn ing* to Beectnnont and branidm*. IS miles in all. Sto c k authorized,
mifVg
2210 lb*.n |tu rn e d one /
tons ceipls both o f both com- $1,000,000; outstanding, $700,000, owned jo in tly by guarantors men
Km ,
one. mile, \
»*«**
i 22-id lb*. companies, j panics.
tioned lastow. T k ia n -i: of general mortgage tor $1,000,000 is FtdfiUty
TiUo A Trust O . of FttMtiorv. Of the 4 per cents i**ned, or to be
6.040,178 $34,343,501 $7,926,304 issued, one-half are to be endorsed with the guaranty o f the Fitts1885.. 005,019,573 359,526,194
6,209,202 35,683,006
7,335,603 batg Cincinnati Chicago A St, Louis, the other half with the guarauty
1866.. 737,179,462.308,862,487
6,901.407 41,188.737 12,430,054 o f the I'tttaburg A Luke Eric, They are nut subject to call before
1887.. 835,308,607 444.614,423
6,732,486 39.638,900
9,677.98$ maturity, K a WONCs in year 1892 were gresa, $159,191, aguiust
1898.. 848,257,471 135.904,463
85,690,228
6,614,127 38,355.601! 7,992.810 #133,053 in 1891: net, $58,494. (V. 56, p. 127.)
1880.. 879,717,468 i 1
7.338,472 4 i.i Fit;.22 1 8,114.104
1890.. 976,587,089 591,379,912
1.109.706,524 570,580,877
8,080.463 44,422,843 10,417,143 ; P it t s b u r g <1 ■■rln u k tl C h ic a g o A St. L o u is . —/Sec Map.)—
1- Columbus.
1892..
60.881329! U , 910,385 Own* Pittsburg, P eu n , via Oilielnmiti) 0., to Chicago, 111., 504 m iles;
Reudeomb Junction (near
to Anoka Junction, Did., 106
—(V. i-A, p. 1 13,203. 243, 276. 28$, 330, 3*5, 367. 410. 444, 188, 525, tall®*; LoganapOft, Ind.. to tUinot* State Line, 60 mills*; Bradford
398, 643, 665.701, 721, 732, 790, 867, 887, 906. 96.5,10D>. V. 35, p, Jmiction, 0 , to IndiahapoUs, Dm!,, 104 i n i l « ; iHdlaiiapoli* to Jefferson
100, 117. 161, 178, 216, 331, 332. 37 4. 121. 463, 545, 639. 640, 701, vllle fnppuslte M s v l u e , K y.i, 10$ m ile*; branches, m tulles; total
723. 8*7*927,996. 1111; V. 56. p. 12, 43. ,59, SO, 82. 63, 85. 163, 311, owned, 1,083 miles. Trackage: Lake Erie A Weete.ru, Indianapolis to
332, 373.374, 414, 437. 464.)
Kokomo, ind., 55 mile*: Louisville Bridge Co., 2 % mites; terminal
P h i l a d e l p h i a H e a d in g A S e w E n g la n d . —(3 k Map)—R o ad track* in Columbus and Indlanapoll*. 1 mile; Cb>. Ham. A Dayton BE.,
i
—T his oouipaor own* from Campbell Hail, erowsing the Hudson R iver I 1 H m ile ; tola! trackage, 60 milra. Total system proper, 1,143 miles.
at Pooghkeejf*!* by its own bridge, to Sllvem aii*. 5$ m ile*; and teaae* 1 Leases; Cbartier* Railway, 23 m iles; Little Miami and dependencies,
and eoiitrol* Hartford A Conn. Western, Hartford to Rhim-etlif, 10$ r Cincinnati, O., to Springfield, O,, 84 miles, and Columbus, O., via Daym ile*; total. Itsti mile*; also amatoed hsa*« o f Dutch*** Co. R lt„ from 1ton, to Richmond. Ind., 106 m iles; Pittsburg Wheetlng A Kentucky, 28
Poughkeepsie to western term inn* of the S , T . A New England KK. at miles; Ctnciunatl Street OonaeetUut Railway, 3 miles: Englewood
H opewell Jane., 12 mile*. but to January. 1803, the iw tohem Co. waa s Connecting Railway In Chicago. 2 mile*; other lines, 5 miles; also has
placed temporarily in r - e!veFa band* pending settlement o f certain a joint Interest witli Tern* Haute A Indianapolis in the at, Isjula Vanclaims, flee V. 56, p. 82.
d.dla A Terr.' Haute, Indiana State Line to E astflL Louts, 158 miles;
Or o a n k at to n .— A consol, in July, 1802, of the Central New England total leased. I l l miles. Oraud total, Jan, 1 , 1893, 1,354 miles.
A Wrate in and the Poughkeepsie Bridge companies, which went j OROANtZATlON, A c .—
This company was formed in 1890 by consolida
Into reresver'* hand* and were reorganlowl by plan to V. 54, j>. 597, i tion (perterm s in V. SO, p. 875) o f the Chicago 8t, Louis A Pittsburg,
the Poughkeepsie Bridge being first sold in foreclosure June 30, 1892. ; tbe Jeffersonville Madison A Indianapolis, the Cincinnati A Richmond
Bto c k —T he common stock u $4,600,000, all owned by the PHiladei and the ttttoburg Cincinnati A 8t. Isinis. Controlled by Pennsylvania
Co. and Penn. Rft. Co. through ownership o f stock.
pbia A Beading, which operate* the property.
Ca p i t a l Sto c k . The stools authorized Is: Common, $43,000,000;
Bond *.—T he first mortgage is for $7,250,000, both principal and
interest being guaranies*.! by the Philadelphia A R eadto*; or the preferred, $30,000.000; par, $100. Outstanding Jan. 31,1893, com
amount authorized, $1 ,000,000 five* are reserved for future use. and mon, $24,191,834; preferred, $22,485,040; also held in reserve fo r
o f the balance 38,730,000 are t per cent bonds and #2,500,000 bear stock* old com pan foe unexehanaed, common, $073,635 ; urefeirod,
4 per cent for first three year*, thereafter 0 percent. All the mortgages $633,974. Stock listed, common, $25,539,300, preferred. $24,000,000.
Guaranty Tr. A Bafe Deposit Co., trustee), oorer 61,390,000 Hartford
Tim preferred stock D “ non-eumulattve and entitled to a dividend
A Conn. Western stock, etc. The provisions o f the income mortgage o f 4 per cent per am m m o n to f the net earnings as declared by the
respecting payment o f interest were in V. 55, p, 463. The D ateac-i Board, with the right after 3 per cent has iwssn declared on the
Co. bonds were guaranteed principal and lutorest by P. R. A g . K., ' common to an Additional 1 per cent, making 5 per cent to a lt "
which own* a majority o f it* stock.
A fte r 5 per cent ha* been declared to any year on both common and pre
E a r vin *t* From July 1 to Dee. 31,1992 (8 mouths), gross earnings ferred, the two stocks share pro rata.
Div ik r v d s on preferred: In 1891, May, 1 p e rc e n t; November, 2
Were $649,389: net, #208,022; accrued Interest, etc,, #133,229; bal
ance, auipins, #72,793. Be# V. 56. p. 37.5, also p. *5.
percent; In 1892, March, 2 per cent; October, 2 per cent; to 1893,
- t v . 54, p, 867; V. 55 p. 177, 216, 403, 5 1S, (ISO. 724: V. 56, p. 207. April, 2 per cent.
875.)
P rick o r » t < h —Common stock: In 1890,12914; to 1801.1*% ®
m
P h ila d e lp h i a A T r e n t o n , —Philadelphia (Kensingtoni, Pa., to 29<s: In 1892,19*306* In 1993 to March 17, Inclusive, 17>s»21>*.
KorrievtHe, Fa., and branch, 27 miles. On December 1,1871, It was
Preferred stock: In lstk). 5 0 »5 5 ; In 1891. 4 8 d 68 \; in 1892, 57%
leased with the United Companies o f New- Jersey for 999 years to the 1 *67% ; In 1S93 to Mareb 17. lnoluoive. 55 »6 2 .
Pennsylvania Railroad, at 10 per cent on stock.
B x c iia n o k ( if St o c k .—T he consolldatlou o f coastibient companies
P h ila d e lp h ia W i l m i « £ * ( » ri A B a l t i m o r e , —Mileage m follows; i was on the following basis: Pittsburg Cincinnati A 8t. L. Railway first
s
PhlladelphlaVtinitoffton A Baltimore Railroad. 117 utile*; 'Philadelphia and second prof, and common receiving *100 o f new preferred for tw o
A Baltimore O n traf, 80 Miles; Delaware Railroad. 117 lutle*; Queen ! share* ($50 each) of old stock; Chicago St. Louis A P ittaburg Railroad
Anne A Kent Railroad. 26 miles; Delaware A Chesapeake, 5-t miles; preferred receiving $66 66 new preferred and $33 34. new common fo r
Cambridge A Stanford R ailroad,"? m ile*; Delaware Maryland A Virginia each $100 share o f old stock; Chicago St. Itoiits A Pittsburg old oom98 miles; Baltimore A 1
’otomae. 97 miles ; Washington Southern, 35; mon, exchanged for new common, share for share; Jeffersonville
total operate*!, 631 miles. Practically owns Phila. A Kaliimore Central Madison A Indianapolis Railroad stock #50 now preferred and $50 new
Dmiwonw.—A m 1868 to 1687,tneltislre. 8 per cent was paid: in common in exchange fo r each #100 old stock.
1888 and 1889, 7 ; in 1890, 6 ; in 1891,0; in 1892, Jan., 4 ; July, 3; f Unexnhanged Jan.31, 1893: Idttob. Cin. ASt. L, common, $470,650,
to 1893, Jan., 4 p. c. In April, i.331, nearly the Whole stock wu* pur- i Chic. 8 t igiuis A PttSsb., common, $638,267, and preferred, $98,003;
chased by Pennsylvania Railroad, which now bolds #10.*90,950.
Steubenville A Indiana, common, $92,239; other, $8,350,
Bow**.—The. $700,000 o f 6 per cent* due Oet. 1, 1392, were paid
.—T he consolidated mortgage
and $1,000,000 4 « issued fur re, rinding, etc.. The bonds are all to be i A B ondsCo. o f N. Y. anil W. N. Jacksonfor $75,000,000 (Farmers’ Loan
Trust
trustees) covers all the railroad
secured by any mort. which may be issued on the road.
properties and equipment acquired, or to bo ac(|uired,a»»eli as its fran
A wnoa I. R epo rt ,—Y ear ends Oet. 31. Report for 1391-92 in Y . 56, i chise*. Consol# for $20,913,000 arc reserved for the purpose o f retiring
p. 12B. showed gross earnings #9,437,802; oet, $2,162,627; surplus : all sectional bonds. The R ailw ay Company has agreed O u tfit will,
over eharge*, #1,033,183; dividends, 3827,355. (V .5 6 ,p . 1 2 6 ).
at the time of the maturity of the latter, pay them oil, to the end that
P ie d m o n t A C in m b e rla n d ,—Road extends from idedmont. West the consolidated mortgage may become the first lien on the whole prop
Ya., to C<itT,i„-ri ,n<i, Md., 29 miles. It connects the West Virginia erty. The remainder of the consolidated mortgage bonds are to he is
Central A Pittsburg Railroad, by which it is operated. In 1891 gross sued from time to time for Improvement o f the company's) property,
$212,757; n et$30,923; interest, etc., *39,705.
the pmcehaae and construction of additional railway and for other law
P in e C r e e k ,—Own* from Stokesdale Junction to Newberry Juno* ful purposes. The series A (Nos. 1 to 10,000, both inclusive) and series
Won, Pa., on the Pali Brook Road. 75 miles. Leased to the Fall Brook B No*. 10.001 to 18,000, both luclualvu, equaling $18,000,000 In ail,
B e !w a y Co., forming a eonueeiloa between Philadelphia A Reading arc guaranteed unconditionally as to principal and interest by the
tmm mad New York Central; bonds are gnaranteed by these coin panic* Pennsylvania Company, to accordance with the vote o f its Board o f
•»<*,*$« C o p in g 0»waite*i((io A Antrim (now Fall Brook By. Co,I on the Directors, and are so endorsed. Series B Nos. 18.001 to 20,000, and
tondition that guarani..re «baiS advance money for interest if needed series C, No*. 20,061 to 2*2,950, inclusive, had not been guaraateed a »
and
moond mortgage bonds tor knob advances. There are $142,000 late as March i, 1893. The three series are all equally scoured. See
teoo-nds dim in 193*2, and June 30. 1881, bills parable $357,658. adv. fhlKoMCl.K May 21, 1892.
Htor.ii,
(par, $50). o f which July I , 1892, N. Y. Central
E arning s , Kiv a n c k s , Ac.—The Interest charge for thoyear 1892 was
owned ^ee.^ ggi In 1890-iil lessee** report Showed gross earnings, #2,323.594, a saving o f $34,431 against 1891, a» a result of tho re
#770,006; net, $314003 rent of road, Ac.. *232,674; deOeit, $200,865, funding o f prior bonds Into consol. 4 >^s.
I'J W A r e T O r t in 1890-91; Rente!, Ac... *255,077; interest, Ac., #263,From January 1 to Feb. 28 (2 months) to 1893 gross earning* Bbowed
853 ; deficit, $7,(75, total delicit to July 1, 1 8 9 ’ ,$300,515.
a decrease o f $171,463 and net a decrease o f $324,716.
T R A F F IC A N D E A R N IN G * O F R A IL R O A D A N D G O A L
m
H
O
W
m
D
O
a
*d
►
d
tm
m
H
if
r
<
I"
RAILROAD
M abch , 1868.]
S u b s c rib e r#
will
STOCKS A M )
BONDS.
119
c o n fe r a g re a t f a v o r b y g i v i n g im m e d ia te n o tic e o f a n y e r r o r d is c o v e re d in th e se T a b le s .
RAILRO AD S.
Bourfx—Prinot
IN TE R E S T O S DIVIDENDS,
Mile# Date Size, or
pal, When Due,
Amount
of
For explanation of column headings, <5:0., see notes
of
Par
Bate per When Where Payable, and by Stocks—Itant
Road, Bond# Value. Outstanding Cent.
on first page o f tables.
Payable
Whom.
Dividend.
put*. Oivn. Chic. <t St. Louis—(Concluded).Pitts. CSn. C'u. & Bt. L. eons.
gold,
C1890 $1,000 $10,000,000
4k. g. A. A O. N.T.,Farmers' L ’n A T r.
do
do
•'B,"Kolrt.
1,083 3 1892 1,000 10,900,000
4>s g. A. & O.
do
do
do
do
gold. ,
(1892 1,000
2.956.000
ih tg . M. A N.
do
do
Car trusts (S per cents mature in 1893)......
■U9,4 SO 4 & 5
Pitlsb. • fere. <t Toledo—1st it., gold, tut. guar. B.AO.. *78 1882
::::
2.490.000
6 g. A. A O. N. Y „ Cent. Trust Co.
Pittsburg < onnelUnlle.. See Ba l t i **OKK < : OHIO.
£
5
100 .19.714,286 7 per an.; Q.—J. N. Y „ Winslow, L. A Co.
etlub.Pt. Warmed: < h ie —Stock. 7 p .etgu a r. Pa. KK.S 470
Guaranteed special hup. stock, 7 p. c. guar, by ei dj 470 1871
100 14,374,289 7 per an. Q. - J.
do
do
1st mortgage,aeries A t o F >sink. fund, ctuuula- > 408 1862 500 Ac.
5.350.000
7
: Various
do
do
468 1862 500 Ac.
2d
do
»erie*G to M j tlve, not drawn, e* j
5,160,900
7
; Various
do
do
3d m ortgage.................................. ....................... 463 1862 500 Ac.
2,000,000
7
A. & O.
do
do
8 1882
Pittsburg Junction—1st mortgage, gold .............. o*
1,000
1.440.000
6 g. J. A J. X. Y., 3d N. B. & Pitts.
__ _
Pittsburg d Lake Erie—Stock..................................
50
4.900.000 See text. F. A A. Pittsburg, Co.’ s Office.
1st mortgage, gold.................................. ........... e
71 1878
1,000
2,000,000
6 g. J. A J.
do
do
2d mortgage, gold. Series A. A 11
........................c
71 18.99
1,000
2,000,000
5 g. A. A 0. N. Y., Security A Tr. Co.
Pittsburg McK. < TanaA.—Stock guar., see text......
£
1884
f.0
4.000.
000 an. J. A J. N. Y., Union Trust Co,
6 per
1st mortgage, go a r. by P .4 L . E . and L. S. A II. S.e
57 1882
1,000
2.250.000
6
J. A J.
do
do
2d M-.guur.p.AL (end) by P .& L. E.and L.S .& M .8.
57 1884
1.000
900.000
6
J. A J.
do
do
MdCerepurt it Beileveruon, 1st M.. gold, assumed
28 1888
1.000
600.000
0 g. J. A J, PHtsb’g,Fidelity Tr.Co,
Pius. Ohio Vat. a Cm.—1st M. e.. s. 1 uotclrn___c*
.
15 1890
1.000
300.000
5 g. A. A O. P h il,P a.B it.,233 So.4tll
PUIsb. Patnarrtiistf Fuirport— 1st M., gold, ilit. gU.C’
63 1836
1.000. 000
1.000
5 g. J. A J.jN. Y., Mercantile Tr. Co.
Terminal mort.. Interest guar, by Pttteb. A 'Vest
....
1889
1,000
230.000
5
J. A JJ
do
do
Pitts. SAenango a Lake Brie.— 1st M „ gold....... ...c
143 1590
1,000
3.000. 000
5 g. A. A 0. N. Y.. Central Trust Co.
Mortgage on Erie Terminals for 81.79,000..........
4 1692
New York.
(!)
I
5
i ...... 1
Pittsburg Virginia d charleston—Stock...................
73
50
2,024,750 ,5 per an. May. : Pldlndelphla Office.
1»t mortgage, go ld ..................................... .
I 73 1882
1,000
3.000.
!000 5
A. A O.!
do
do
Pittsburg * Westent— 1st M ., Pi tts, Newcastle A L. E.
1878 500 Ac.
219.000
7
J. A D .1
Allegheny,Pa.,1stN.Bk.
1st mortgage for $10,000,009. gold....................ci 220 1887
1,000
9.700.000
4 g. J. A J, X. Y „ Druse!, >1. A Co.
2d mortgage for *3,500,000, g o ld ....................e*j 2-JO 1*91
l.OOO
5 g. M. A N.
do
do
(1)
. 1832
Foxburg Bridge Co, 1st mortgage, guaranteed,.. ’
6
M. A 9. N. Y., Union Trust Co.
109.000
Pittsburg Youngstown * Asbtabulu—Common stock 125
. . ..
50
1,333,342 ■See text. M. A 8. X. Y „ Farm. L. A Tr.Co.
Ml
O ct 1, 1940
Apr. 1, 1943
Nov. 1, 1942
Various dates.
Oct. 1, 1922
Apr. 4, 1893
Apr. 1, 1893
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1922
Jan 31, 1893
Jan. I, 1928
Jan. 1, 1928
July 1, 1892
July 1, 1932
July 1, 1934
July 1. 1918
Oct. 1, 1920
July 1. 1916
July. HU6
Oct. 1. 1949
1942
May 1 , 1892
Sept. 1, 1913
June 1, 1898
July 1, 1917
-May 1, 1911
Rapt. 1. 1902
Melt. 27, 1893
P ltta b t tr g « S fiu l■ n 11 C h lc a s > * b t. L o u l n . - (Cone tided.)— Pittsburg M K. A Y. paid to L ik e Shore A Michigan Southern. $.6,821
<
ANXtm. Kr.roirT. -Report for 1891 m In CmtoKieu!, V. 54, p. 885- dividends, *240,000; «nrpm «. *7,620. John Newell, President, Chiongo
, IU. (V 54, p. ( H I , 889: V. 50, p. 375.)
advance etatmuent for 1892 in V, 56, p. 461.
Year cutting tier. 31.
1890.
1991.
1,892.
P l t t - b u r g N I. K c c « | )« r t A Y o u a l t l o e l i e i t y . —Owns from Pitt#,
1 1 < Operated (system proper)
4 J -->
1,144
1,142
1,143
to X. Haven. Pa., 57 m.; MeKeesi«ort to Beileveruon,88 m.; bruuohe#, 5
Grom earplug*........................ $15,452,932 $14,995,591 $16,173,580
lease# 3 m.; total. 93 milts Road opened Noveiulier, 1883. and
-Operating expense#................ 11,40.5,489
IW.039,803
12.260.9S4 lu 1890 ctiit so ll<1
sited with McKeesport A Hi-llevt-nuii: and assumed its
debt- tensed to Pittsburg A L ik e Erie RR. fur 09!i years. Rental la 6
Net earnings----. . . . . . . . . . . . $3,987,443
$3,912,003 per cent on the Stock, principal and Internet or th e' Pittsburg McK. A
*3,955.783
YuUifh. ten d* being guaranteed by Pittsburg A Lake Erie and Lake
1890.
1891.
1802.
Net earnings, Inch other m e____ .$3,991,880 $3,961,946 *3,912,605 short- A Mich'ran Southern tstmpante#, tUeguhfantea# being endorkedon
the share t-«rtlfiv»te# and hond*. The guaranty o f the stock i» on the
N et earn#, o f I.. Mtauii A * ? profit#
387.185
Bt. I . V. A T . 11............. .
367,171
483,983 express I imitlilon that ; c holder shall accept ]tar for the aauio on July
1, 1931. Profit* to lessees In 1891, *13,613. o f which nne-tmlf to n
payable to the te k e Shore A Michigan Southern.—(V. 52, p. 126; V.
Total................................... *4.379,074 $42)29.117 f t
Intere-l on bonds.......... ............... $2,504,390 $2,358,028 $2 j i .•3.594 56, p, 41*3.)
Rental* paid ....................
833.035
80J.OH4
802.054
P it t s b u r g O h io V a l l e y A r i i i c t n n a t l . —Own# road from BellCar trttsls (toelading interest)........................ 155.412
144.82(1
1 0 . ,214 bite, O.. to Po t batten. O.. 15 m let. Operated fur cost by Pttuusvlvanla
Internet on E Miami wcuritle*....
79,444
71*. t U
I'uttipatty iu ri.uti. i tii'U with ( Icvcland ,v frilteburg front Dec, i, 1892.
Bt vtdeud* ot» preferred........................... ...... (3) 669.574 (4) 896.847
nutetandlng, Jan. 1. 1893, *;UK),000(
Miscellaneous..... .....................
71,199
7,736
5.082 btu. k anthnrixed $1,500,000; (for *1 ,.*>00,000), Fidelity Ins., etc., Co.
par, *50. 4 r m m o f mortgitgo
T o ta l...................................... .$3,704,100 $4,061.858 f M 3< M Ji o f Philadelphia.
Bah>no*vtur.(overdlr,ln ’91 and’92) $074,974
$207,459
* too, 107
P it t s b u r g P u ln i s v t lli. A' I 'n l r p u r t .—Owns from Fslrport, 0 .
—(V. 54. p. 4 «7. 561,587, 8 8 a , 889, 903; V. 59, p. 100, 2 3 7 ,1036 ; V. to 1 onug*sown, etc., O., 03 mites. Oju-rnted at eu#t by Piuatntrg A West
56, p. 207,461.)
ern, t<m Interest or bend* t» guaranteed. Coiuttntu stookJ*80o,9O0; preP i t t s b u r g C le v e la n d * T o l e d o . ---- Front Newcastle Junction. te rw l. * 2 MMKKi <por,$50) o f which In 1892 the Pittsburg A Western
Pa., to Akron, O.. 77 mile*. Stock. 8:1,000,000 <j«tr$So>, at which Halt, purehttsed all the eomtlluo and *160,000 preferreil. In voar oudine
A Ohio Btt. W t i* $1,50.3,000. 1streed In July, I ##4, f « r 99 years to March 31. 1*01, gross earnings, $293,578: net, *61,440; deficit under
PltW ittrg A Western. The Baltimore A Ohio guarantee# 1
utensst on the charges, $4,078, »g.du*l surphw o f *36,143 lu 1880-90. ( V.52. p. 79.5.)
betid* (see terms In V. 30. p. «W7.) la year ending June 3 0 ,1992. m e t
N M u i k h t i u n g o A i.iitiv K r l r .-fS e e M an.)—Own# from
-earning#, $585,163; net. $102.751; deficit under interred, $11,249. Butter, p »., to Girard. Pa., or Wallace Junction, 107 iitUm; hraticiiie to
Leans and M il* payable were *3.072.692 lit February, 1893.
Cotitic«uL«tc.,37 miles, to terminals.Erie, Pa..4 miles; loaww Meadvllle
Cnotjeaut Lake A LIuimvIHo Railroad, Ltocsvllio to MemD'lllo. 21 tulle#;
P i t t s b u r g A C a u u c l l s v l l l c . —( i k s B x l t iu o s x A O h io .)
P it t s b u r g P o r t W a y n e it. < li t r a g o . —(See Map Pennsylvania trackage, N. Y. O tic A St. L.. to Brie, 10 mile#; total operated, 178
X.H. Co.) B osb.—Owns from Pittsburg, Pa., to Chicago, 11!.. ami miu-s Kcortpinlxeil In Ootelter. 1890, after conanlhlatlnu with certain
other omtpante#- Tim Conueaut Termitml Co., with itnUtorixcd oabitiu
branch, *70 mile#.
of *l,(i50,i)'8>. WO* Ituxteporated in December, 1$02, in the Interest of
OKOsXOUTtoir, L k a . k , A c,—Foreclosed Oct. 24, 1861. and reor tht# company to tmtld extcnnlon to Lake Erie, etc.
s
ganized under this title Feb. 26, 1802. From July 1. 1869, the com
From J aft. t to Dec. 31, 1892 i 12 months), gross earnings, partly esti
patty leased all Its rend In perpetuity to the Penn. B i t st a rcural equiva mated. were *394.131, against $388,700 in 1891.
lent to Interest, sinking fund of debt au<l 7 per emit on $(9,714,296
In calendar year 1891 gros* enmttura were *336.935, against $202,btoek, which was Ukerewed at that time from $11,500,000. The lea 205 in 1890; set, $114,219, against *103,747. Stock, *3,000,000; par,
sees keep the road In repair and
pay taxes, expenses, etc. $50.—(V. 53, p. 969 ; V. 51, p. 120, 520, 598, 1048.1
T h e rental and interest charge U about *3.390.000 per year, aud the
P it t s b u r g A W e s t e r n .—
Map o f Baltimore < Ohio.)—R o t o —
e
Profit to lessee* ha# been large. The rowt Is now operated, by the
Pennsylvania Company. The Pittsburg Fort Wayne A Chicago teases Owns from Alleghany City, Pa., to New Castle. PA, Ot Uitle#-, (Jallery
Junction to Mount Jewett. 139 mile*, tnf which 124 mile# narrow
th e Newcastle A- Beaver Valtoy, 15 w ile*, and the Massillon A C leve
ga u ge); branches. 9 mile*; total owned, 212 mile#. Lenses for 99 years
land RR., 12 mile*, both operated In the Pennsylvania system.
Pittsburg Cleveland A Toledo, New Castle lunetidti. Pa., to Valley
Ca m t a l Sto c k .—T he special Improvement stuck 1* Issued to Penn- Junction, O., 77 miles. Proprietary line#, Pittsburg PalneaviUe <t Faireylvania RB. for UnpittventenU, Ac., under article 16 of lease, which port Railroad, NBe# to FatrjHtrt. in Ohio, 54 mile# and Windsor branch,
provides that the lessor may issue special Dumb, or stock. Bee V. 50, p. 9 mile#; others. 19 m iles; trackage, 26 miles; total operated, 398 otUea.
139. O f this stock the Pennsylvania RR. Go. on January 1, 1993,
OROIKIXATIOM, Etc .—sold in fotecloaure Juno 8. 1887; now company
owned *1.472,512. aiul the Penn. Co.. $7,543,176.
enmntzed Jane'JOacyonting to plan In V. 44, p. 370. In Feb,. 1891. the
m a m ,—The Brat mortgage Is to si t series, lettered A to P (nclnmve, of Baltimore A Ohio bought -flUBO,000 common stock, and t# preparing
, $875,000 each aerie*, the interest on " A " aerie* being parable January to use Hie road as part o f a through route to Chicago. Tne Allegheny
and July; on " B . " February and August; on “ C." March and * Lawrence RR. Co. t o organ Irest in August, 1892, In the interest of
September; on "1 )," April and (X-tolwr: on “ E ," May and the Plttsuurg v Wreteru to build from Bryant, to Moravia. Penn,, 40
November, and on “ F," June A December. Tit* second mortgage I* mile#, to shorten tills through route aud lessen the grade. V. 55, p. 237,
alar. In six aeries of $8(10:000 each, lettered < to M tnuhmivc (J omitted),
5
Stock .—Common, $8,500,000, and preferred, $5,000,000, 5 per cent’
and the interest t* payable January and July on “ f t " series; February
»n d August o n -TP ; March and September nn “ I” ; April and October non-cumulattve; both In $50 share#. Control hold by Baltimore A Ohio.
‘.'K ' ; May and November on ■•I.," and June aud December nn Common stock wa# Increased *1,500,000 In 1892 to purchase *960,090
M
lawwee pays 9104.1OO yearly to sinking fond, and If bunds stock o f the Pittsburg PainesviUe A Fuirport, $1,300,000 (of the .$1,500,cannot be pu relumed, funds accumulate. Of the above 1st mortgage 6001 stock of the Allegheny A Lawrence (see “ m ra iih w lo a " above),
tends, $2,262,300, and o f the second mortgage $2,585,590. and *1,569,- and $382,800 Trumbull A- Mahoning ftccurltUw. V. 55, p. 332, 680.
Btixiis.— For abstract o f first mortgage (trustee. Mercantile Trust
« 8 « cash, were hold iu the sinking funds Jan. 1, 1893.
Company) sec V. 45, p. 439. Second mortgage for $ 1,590,000 la a first
KABSTVps. - In 1892 grow, $ 12.769.932; net, $3,576,738 ; profit to Hen on property In Ohio. See V. 52, p. 236, 499, 762.
le w .e, *25*0.388. In 1891 grws. *11,659,144; net, $4,178,500 ; pront
In addition to the above indebtedness there were outstanding March
to lessee. $916,139. (V. 50* p, 139. 734; V. 52, p. 4 » V » 3 » . I
31, 1891, *81,000 o f old Pittsburg & Western first mortgage bonds,
dun 1900, real estate mortgages for $188,500; car trusts, *1,167,223.
Interest is guaranteed on *1,250.000 Pitt#, PaincsvUleA Fatrportbond*.
™
u, n uttii <*-'UjJ*illl
E a r x i . os .—From Jan. 1 to Dec. 3 t, 1892 (12 months), gross earn
v
Jnncttoti *2 fo r each ear parsing over Its road. ' lit 1890-91 gross
earning* *215,105; net. *119,990; surplus over lixed charges. *119.711. ings (partly estimated) were $2.395,117, against *2,285,350 lit 1892.
For year ending March 31, 1891, gross earnings o f the three roads,
Comiis.ti stuck l* *W<9),(MWt; preferred, $480,000; pur, $50. Dividend#
were $2,207,015; net, *718,579; surplus over charges. $30,744, against
o f < per cent have been paid on preferred stock.
*197,843 lu 1889-00. (V. 55, p. 100, 147, 257, 332, 080, 895.)
P it t s b u r g A L a k e U r ic .—Owns from Pittsburg, Pa,, to Youngs
P it t s b u r g Y o u n g s t o w n Sc A s h t a b u la . —Owns Kenwood. Pa,,
town, O., 08 m iles; branch tine to Newcastle. P a ,3 mile# ; total owned,
to Ashtabula Harbor, O., 99 miles; Niles to Alliance Junction, 0., 25
miles; Canfield Branch, i mile; trackage, 3 ratios; total operated, 128
Pittsburg to New Htivea, Pa.. 57 miles; McKeesport to Meilevcruou,
28 rntles; with (dWiches. 8 miles; total ojcrutwl. 161 mites. Otter- mile#. A consolidation of the Ashtabula A Pittsburg and other roads In
J l f i t t o f a * Mlclii^ati SoutUern,
owns 1887. Leased from December 12, 1887, to Pennsylvania Company,
JJlvWf'oda 1884 to February. 1Slf2, inclusive, 6 per which Jan. 1, 1,693, owned *375,000 common and *1,550,000 pre
ferred-tuck: rental neteam iuvs. Block authorized—Common, $2,000,cent yearly ; in August, 1892, 5 p.
in 1893. January, 5 p c.
000, and preferred, *2,000.(mo: both in *50 shares.
•;,n, J f ' " 18®3 rro-s earnlntnt were *1,350.126; net,
U m uK sos.—On preferred stock at rate of 7 per cent yearly since
W *1 gross caramga. $3,757,207; net, $926,830: inter f887; on common. In September, 1890, 2%per em it; .in September,
est, *203,362; rental to f'itts k McK. A Y., *409,027; uue-bali profit on 1891, 3 per bent; iu 1992, March, 3 ; S ept, 3; In 1893, Marolt, 3 p. c.
120
INVESTORS’
SUPPLEMENT.
[V o l. L V I.
RAILROAD STOCKS A H D
M aBCH. 1893. J
BONDS.
131
Snbw eriber* w i ll c o n fe r a g r e a t fa v o r by g iv in g Im m e d ia te n o tic e o f a n y e r r o r d isco v e re d In th ese T a b le s .
IBonds—P rin dR AILR O AD S.
IN TE R E S T OB DIVIDENDS.
Miles Date j Sire, or
;pal,WbenI>ue.
Amount
of
Par
For explanation of column headings, dec., see notes o f
B ats per When Where Parable, and by; Stocks—Last
Hoad. Bonds Value. Outstanding, Cent. Payable:
on first page o f tables.
Whom.
Dividend.
.
125
. ...
Pin t. Tmmg. <« Ata.—fCoa.J—Preferred stock.......
31.700,000 7 per an. M. 4 8. X. Y , Far. L i T r . Co. Mar. 27,1893
1? , 1S65
JS8
Lawrence RE. 1st mortgage............... -.............. c.
310.000
7
F. 4 A. X. Y , Window, L. 4 Co. Aug. 1, 1895
62
1STS
1.000
1.500.000
Ashtabula 4 Pittsburg 1st mortgage................ e '
6
F. 4 A. Phils., Fidelity Tr. Co. Aug. 1, 1908
1,000
Consol mot*, (for $4,000,000) s. £ 1 p. c., not d r.c ; 125 1887
.
1.562.000
5
M. 4 X. X. Y , Farm. L. & Tr. Co. Xov. 1, 1927
100
. ...
100
PonlU u Oxford A Sorthertu—Stock...................... .
..............
(f)
1,000,000 3 in 1891: ......
Ft. J erri, ManticcUo A .V. r . - l s t M.,gi#10.000 p.rn.i . .. . . 1397
1.000
361.000
6 g.
J. 4 B.
N ew Y o rk Agency. !
Dec. 1 , 1927
20 1991
Port B eatJingr-U t mortgage, gold, gear......... i - i r
1,000
1.500.000
5 g.
J. 4 J. PbH.,PennCo.forIns.4c Jan, 1, 1941
P ortP o ,u lA A u f f u t . - l - l M-»nd2dM.,end.byCfcn-Ga. 112 '7S_-S2,
362.000
500
6
J. 4 J. X. Y . Security 4 Tr. Co. 1898 4 1899
112 1979 100 Ac.
General mortgage Income bonds, gold...............e1.500.000
6
J. 4 J.
do
do
Jan. 1, 1899
P o ri JSot.nl A Wat C a rolin a - A ugn-ta 4 K nox. MLt". 69 1990
500
630.000
7
J. 4 J. July.'92, eonp.lasst paid Ju lr 1 , 1900
Consolidated mortgage, redeemable at 110......e*i 2 2 7 1687
1,000
1.870.000
6
M . 4 X.
T
May 1,1937
Portland A Ogdetaburg-S e e M u s e C uxta tt.
....
PorUamd Saco <*Portcmmilk—Stock (guar. by rental) • 51
100
1.500.000 6 per an, J. 4 J. Boston, T rrifu r. Office. Jan. 15,1893
11
....
PonrstunJM A Dotei— Stock, 0 p. c- guar. East. Mass.
100
769.000 6 per an. J. 4 J. Portsmouth, Treasurer, Jan. 1, 1893
Potomac TaUeg—1st M. $2,005,000, gt>M,guar~e’ 4r
15 1891
1,000
5 g. J. 4 J.
~
‘
500.000
Baltimore.
Jan. - - ■
1, 1941
Pretend A A raona Central—1st M., g, s.f. not drn.c
73 ; 1996
1,000
6 g. J. 4 J. X. Y , Atlantic Tr, Co. Jan. 2, 1916
. 775.000
2d
isconiE#-,
___ ..........
_. . . .. .. .
73 . 1986
1,000 !
775.000
6
J. 4 J. X. V , when earned.
Jan. 2, _ _
1918
Proepcd Park A Coney h i. —i n M..eonvertlble.c*Ar
10 1971
1,000 ;
500.000
7
J. 4 J. : St Nat. Bank Of B r kly n Jan. 1, 1895
1
10 1896
2d mortgage for $500,000— ...... ................ P i r 1,000
0
F. 4 A. Of., 4 C oon Sq. Br’kiyn.l Feb. 1, 1926
.(
420.000
10 1891
34 mortgage for $2®0,00® gold— ...... ......... e*4r.
1,000
96,000
6 g. M. 4 8.
do
do
„ _
: Meh. 1, 1931
Precedence A Springfield—Imt M. gold, guar., p i l e •:
23 1692
1,000
750.000
5 g. J. 4 J. Providence,GlobeX.Bk, July 1, 1922
Prmulenee A Woreetta— Stock (10 per cent rental).
51
....
100
Providence. Office.
3.500.000 10 per an Q.—M.
M ar.3 1 ,1893
1st mortgage.....................................................c*
51 1877
1,000
1.500.000
6
A. 4 O. Prov.,R.LHosp.4Tr.Co. Oct. 1, 1897
tfau-.cy Omaha A K a n m CUg—P r e t 1st morigage. 134 1887
1,000
250.000
5
J. 4 D. June'90 ooup. last paid. Dec. 1, 1917
134 1997
l * t mortgage.......................................................
1,469,240 3 ,4 ,5 J.
1,000
4 D.
...... .
Dec. 1, 1917
Raleigh A .lugutta—1st mortgage, funding.........e*
99 1886
1.000
1,000,000
6
J. 4 J. B aIt.4Phii.M ech.X Bk. Jam, 1926
97 1673
Maleigk A 0 s*«n t—1st m ortgage................... . . . . . . c
1.000
1,000.000
8
J,
4 J. K .v M Phn.Mech.X.Bk. Jam 1, 1898
Seal.. Air L in e Eq, bonds. Her. A4B, ■% Issue). .. . .. . 1990-1 1.000
212,500
5
J,
4 D. Balt.Mcrc.Tr.A Dep.Co. $25,000 J’ne 1
Beading A Columbia—1st mortgage (extended)..C
40 1962 1 0 0 AC,
5
M. 4 S. Fhila., PhlLABead. RE. Meh. 1, 1912
650.000
M mortgage, coupon (extended in 1884)...... ...c
40 1864
1.000
350.000
5
J. 4 D.
do
do
Jane 1. 1904
___..............__ _...._..._...el . ... 1977 1.000 1.000,000
6
......
..............
: Dec. 1, 1917
Lancaster & Heading 1st mortgage---------15 1673 100 Ac.
550.000
7
J. 4 J. P h ila -.F b il4 K ead .R R . July 1, 1893
Boxes,—Bond* o f 1887 trustee. Farmers' Loan 4 Trust Co.) are re
ferred to retire divisional bonds. A staking fund o f 1 per cent pur
chase* bonds o f 16.87 at p a r; othcrwi..- payment* lapse.
E ak x is cs .—From Jan. 1 to Jam 31, 1893 U month), gross #84,081, against r 60.4 88 in 1892; net. $19,373. against #23,869
1*1881. In 1.692 gross earning*. #1,453.335; act, #546.542; ;nte.re*t
* * bond*. # i S9.9O0; other charges #15,494; dividend* (6 per cent on
-----------* ----------f - ----*. #108,702; k .i— . ----- •— * < ■ »
on preferred),
balance, surplus, $142,546 In
P r o * p e c t P a r k Ac C o m e r I s la n d . —Owns from 9th Avenue and
20th Sweet. Brooklyn, to Coney Island, ■•to., 6 mile*. Leaaee to Coney
island Point.etc-, 2% m iles; other. 1 m ile; trackage, ParkvUle to Bay
Ridee, 3 t» mile* t total operated. 13 mUe*. Stock I* #250,000; par,
#100.. ThoLa* g f stand HR stockholder* voted January 24, 1892, to
accpBre eontroliln# Interest in stock. I t i* expected that the debt w ill
be readjusted, an new bonds, bearing tower rate o f latere*t, be issued
to retire old »*cari«e*_ Sec V. 56, p. 42.
1891, gross, $1^99,097; net, 6484.675.
la addition to bonds a* above there are #250,000 son-cumulative
6 per cent income* due May 1, 1920, which are not scoured bv
may l, i k m wui.-ti
ftcourea
P l a n t .s y s te m ,- 8 * 1 8 x r x s * * a F fo a ti** 4 WgSTkkX.
mortgage, aad on July 1, 1802, #155,800 loams and . .bill* pay*----.. ..
P o n t i a c O x fo r d 4
N o r t h e r n . - O p e r a t e * read fr o m Pontiac, • U *. The company *old
i ita hor*c-car property and franchises
M fch ., t o C ascviJle, M ic h .. 10O m ile s . S u cc ess o r t o P o n t ia c O x f o r d 4
to the Atlantic. Horae S E . C ______ I hold* a 5 per cent bond and raort_____
Go., and
P o tt . A u s tin K B . , so ld in fo r e c lo s u r e in 1889. I n y e a r 1891 g ro s s e a r n
in g * w e r e # 1 0 7 ,1 0 8 ; n e t , # 2 5 ,1 * 1 ; d iv id e n d * 3 p e r c e n t), # 3 0 ,0 0 0 ; 5 » « r of that company for #420,000. I a l«9i'-9 2 gress eaminga were
*159.387, again*! #158.267 iu 189991; net, #29.567; set including
b a la n c e , d e fic it, $4,6.5*- P r e s id e n t . Gee. W . D e b c v o te e . S e w Y o r k .
income from rents. §70,457: charge*. §90,218 ; deficit. #19.761. T o u l
P o r t R o y a l 4 A u g o a t a .—On a* from Port Koval. 6. C.. to Atipac d ean ; June 3 0 ,1892, #110,332.- ( V . 55, p. 372 ; V. 36, p. 4 2 .164.1
**, <?*.. 112 mile*. form erly Port Royal H R - told in forectoanr* June
P r o v i d e n c e dr S p r io g f le ia . —Providence. R L. to Paaooag, 23
6.1*78. Tbe Georgia UK tra* endorser on #.500.000 o f the old boosts.
The »tock is $T50,«W).. par #190. and Central Ga. July 1. 1802, owned mile*. Stock to #517,450 (par. §100), a majority o f which was acquired
#401.51*0 stock and #1.176.600 general mortgage bond* The t o t to July. 1890, to interest o f the Xew York 4 Xew England, and road
mortgage bond* are #250.000, redeemable at Ui.5; both orate and *eo- leased to that company for 99 year* from October 1 i t 6 per rent on
end* .6*t. have a ln k lc jr fuo-1*. The Central ..f Georgia Is it, reefctrer'e *toek. flee V. 51, p. 45#; V. 35. p. 177. O f tbe bond* to r §756.000
hand*, but m lerret on P . R A A. bond* due Joly, 1892. and Jam. 1899, §500.000 were tamed to retire oid a m mortgage due July 1 ,1802, and
era* paid at maturity.
§250,000 for an «x tension of 8 tatlre to East ThotapsomConm; they are
Press January 1 to Dec, 31. (12 month*. In 1692 gstxs* earning* were guaranteed by the S ew York 4 Xew England B R Xu year 1889-90
grow* earning*. #138.036; net. #48,422.
§238,718, again** #059.749 in 1SBL
*
la year ending Jane 30,1 6 9 1 . srro»* earaimra were #364.707; net.
P r o v id ace
from Providence, R L, to
§73,935. furpiu* ever internet and slaking fund, #36,215. ! V. 56. p. 207.. i worecster.e Mas.., Act W o r r r e t t r . - Owns ile*; total operated, 51 miles.
4 mile*: branch.-*. 7 m
P o rt R o ya l 4
W e a te r n C a r o lin a . —O v a Augiwta. O a , to
9part»n:. srg, 8. C , Lauren* to Greenvtiie. 8. C., and McCormick to
Anderson, g. C., 227 mile*. A coawlsdation in 1886 of the i o r w U
4 Knoxville. 4c. interest ea .Sara.;.. 4 K noxville bond* due Jam 1,
1893, w e s t t*> default. 3m Central o f 8 a Common stock o f §1.234,000
and 8 p er « n t aomcamulative preferred stock #1.94,000-par e f shares
#100. T be mortgage l» for #2.500.000- Central RK. o f Georgia July l .
) « owaed #1.767,000 o t the above bond*. #694.000 common stock
and all tbe preferred. From January 1 to Decs. 31,1892 {12 months),
grow earning. §297 167 avatust *301,764 to l w i l . In year anting
June. 30. ! 8&X #Pw» #428,428, *w »to*t #380,391 is 1839-90 ; net over
S l l e s o o t* * UT!saraU
t4« * ’ §7,153. against #•>.703; etmrge*,
( Us 1.889 leased to the Xew lo r k Providence 4 Boston for 99 years at 10
per rent per annum on the stock, and to June token with that road
■Bto tbe S. Y. X H. A Hartford system, a new tease for 99 years
against surplus of #193.483. <V. 48. p. 829; V. 51, p. 681; V. 56, p ’ 83.)
Q u in c y O m a h a 4 H a n s *.* c i t y , —West Quincy to Trenton, 111,
134 uiiie*; trackage >C R. 4 Q.i, to Quincy, 3 mil.-v This company is
s u «--»i< r to tiie Quiat-y Moutourt 4 Pacific - -M to foroclcwure ami reorgantecd. Default w »* made on Dec., 1890, o o - i it is proposed to
reorganize the company, ta ilin g #500,000 ot 5 per cent goSd bond* for
present preferred iwn.lr, fioattog debt, steel rn.l-, »)tc., an-i preferred
stock for ttapreferred l *t mortgage and « r ip . The stock is #1,489,240
{par #100). From J»n. 1 to Jan. 31,1893 (1 month), grow earning*
were #22,34.6, acatost #24.957 In 1832; net. §9,859, agatoet #9,25t».
In 1992 g n > « #279,735; net #65.744: take*. *10.895; interest, #7,150.
P a r t M c a d lH s .—Dis- rosopxnr was ergantred In November. 1890.
to the inter*- t o l the FW adeiph ta4 Reading BR, to build and operate
20 mHeaof road from EOaml Brook. X. X , to Staten fatoad (found.
y j j f f * MCeu:*Sv« term inal, wlB be established. Road completed to Sept.,
J89SL , ( l # * a stock aa th o rted #£.090.000—oototoodB l* *15960,000,
R aleigh 4. A n n u ls * —
Owns from Raleigh, X. <•. to Hamlet, X. C.,
pay #100. The Puiadciphia 4 K> adiog RR. Co, gamnatee* the bonds,
prtoctoai aad iisterest, by eswraemkSM o s each ta-,4 .
98 uaire: Bamiet to Oilwon, 10 mite*: teases'Monettro to Pitteboro, 10
to February, 1892, leased the Centra] K.R. o f Xew Jersey, but in “ i f ) Cameron to Carthage, 12ndlc-; total, 130 miles. Controlled by
55, p . Batesgh 4 Gaston, which July 1.1892, owned #742,700 stock, and so
b y Seaboard * Roanoke i*tock 1 #873,000; par. # 100 . In 1891 92
*
gn>*.« caning*. #281.368; not, #65.457; surplus (including other
receipt*) over fixed charger. #2,671, against #38,361 In 1890-91; net
current liabilities July 1,1892, #304.695.
*
R a leig h 4 Carton.—Own*from Raleigh to Weldon, X. C-, 98 mile*
*n-l Lmushur# branch. 10 mile. Control* Raleigh A Augusta P.R., 108
muce. and has large tntere-t to Durham 4 Northern RP„, Durham to
Portsm outh 4 Hover.—Portsmouth. X, H.. to .Dover, X H„ 10 Hendvrson, X. C,, 42 miles; and with Seaboard 4 Roanoke controls
Opeaci February 1,1.374. and teased tor fifty rear* tr. Eastern Carolina (.enirrtj; also control* Georgia Carolina 4 Northern and
hew Hanip*bire»t 6j«sr cent per aaunm on the ruWk, resutal gnaroxi- lolnHy guarantee* the bond*. Seaboard 4 Roanoke own* #742,200 of
toedhydfe Eastern ER of Ma.**, with which it to? b o m eosaolidatod. she. Raleigh 4 Gaston #1.3OO,O0O stock; par, #100. Semi-annual divi
Leaec a«UB)*d by Boston 4 Maine.
dend* are paid «t National Farmers' 4 Planter-’ Bank, Baltimore, April
P o t o m a c V a l l e y e—T ir- n m t . m y . c o n t r o lle d br tbe We-tern M a ry- land Oct. 1 . Dividends in 1869.1890 and 1891, 6; in 189*. 4 percent.
A -a p m t,. 18512.
the teas? » » . adjudged illegai. (V. r.i. p 762 ;
V.
545, 639. 680.)
P o r t la n d Ac O t i i r i u b e r g . - c - M i n t CkXrexL.
. . ^ f r C a n d % e o Ac P o r t s m o u t h . —Portland. Me., to Portsmouth,
1!
■
■ ■ ■■■■■■■
■
1- ■ ■• ' !i ;■ "1" 1
F ier:,
..S
BaitoMd. Xaaa. mow merged to Bcwiou 4 Main.-., at 19 per eeat on
•took. Lease roataJ efcaflged M ay 2 1 ,1 877, and now 6 p «r ceut
ian i. waa organ!-4ed in I'ixiu ,i.u -U i connecting link.* between that > rs
t « n a t# the fe »ia i»o r « A ' Oblo ami Phiiadel^ito 4 Readto^ (tan m d
K r "
:
M rv *«■! to toe P h a sd clp h il 4 itaudia.-
In year ending June 30, 1892, gros- earning* were #171,I t ) ; net.
91..1.-23, again*t #214.292 in 1890-91; income other sources, #49,825;
interest paid, #60,000; dividend* (5 per cent) $75,000; surplus, #18,547.
R e a d i n g Ac C o lu m b ia . —Own* from Columbia to Sinking Spring*,
m Bwf o ^ ta ^ k S ^ k D re c tto n t
o
e
’ S n S f to u d ^ m b x L
S l mUee.m aktag tteal miteagt- 63 mite*. Ail the aronritlc* o f the B 3i- but .........r t.-j.r separata.
account* kept
----- * '-'.-if - . I: ■
jr,
, r,
y,.v . l i i . t e t j . t r i t e t i r a '
timer- 4 H am *burg Xartern Extension .tr-* tiw n »-d b ythe ’—
" Potomac ‘tag* were $318,334; net. $#*.,i d ! - interest and rental*. #131.500: de- ...........*— .......
* -.
T a B e y a a»l p le d g e d tra der ita m o n r a p ; . T h e p r o p e r t y" i s teased to...........Belt for year. #19.036 Total deficit to Nov. 30, 1893. §1.283,85#
'* ..... ......... the
W e s te r s M a n :xn d. a n d tb. t a n , !* h a v e p rim ip a ! 'arid' in te r e s t g n a ra n
R e a n e l a e r 4 S a r a lo g a . —Owns Troy to Ballston N. Y „ 26 mfle*
M r a w n * I l t e m s !;.;- r R f t ..'!o " ,;,i:.- a r e *0 < ’d?,r‘,'4 . § & w 3 bi o a m
3.
' > « »
V e r m o n t im e . 1 I5He* ; Eagle B n o g e to Rutland
m u r e !„ t a g i e i t rid g» t o K u u a n d
BaYohi'-f.- 4 H 4r t ;- b o r v B R ( v - ; . r d
a !
« n d bv t ra ffic r o n t r i S * with
V f f W a W
,
V t * g “ « « S * » « ? * » « • W h ite h a ll. 3 9 m i l e * ? b ra n ch , 3 m ito e ; t o ta l
.
- .n ip a m te . (V '- ! > ■ 1 - i . i
o w n e d , 137 m U eL e a s e * ; A lb a n y t o W a te r fo r d Junction. 12 milec;
Albany to Waterford J u n c tio n . 12 m iteaPreweott A A rla o n a C e n tra l.—Own* from s*-l .'nan. on the Saratoga to Schenectady, 22 mile* ; Fort Edward to Caldwell, 14 mile*
c
14 mile*;
K-Iwurd to
A * " ® ? ? * PaeiSc RaUrttai. to Prre-.-*t. Artron*, 73 mile*. Stock,
total teased,56 mile*; total operated. 192
§1^00.000. Central Trr:*t t ,----------* — - —- - •
-
-
”
’ '"
‘ ‘ he Delaware. 4 Hudson
'Thm htpi& m&f
ilzi
OOOJKWstock; rental,
&Cft mmmzt im r a li^ l
.H ; t o e m in u s ,
.— ----------------- -.... .
aalu as £-, ..w*; in I 8;mi. 4 je-r tv-to; in J.reuury, 1891. 2% per cen t;
or six months ending Dee. 31, 1692. -orpins over charges was
In 1893.nil, Frwn Jancarv 1 to J ;d y 31, 1 1#92 7 nwintb*.
i ;«» » )y
n -#13*, i;
#138,430. agatast-#126,637 in 1891.
fo r the year ending June 30,
tng« were § 7 4 ,4 8 «,A g a ijf* t'# 7 5 .*' net. * 124172, againct #22^47. In 189*2. it
75,016, •'
again*! $2,572,192 in 1890-91;
18S>1 grm * «atfsisjgB w rr* •139.FJ2 : n*-t. ?60.f«»7, r.-r-,in»t #-2,269in net, • krere receipt- were #2,573,275. :licit trader charge*. $187,211,
_*,
-# 1.672, again*! #96.1.676; •)<
:
$:<n
^V fflS ^* S § ^a 1 ? t e f^ "r‘ 4r“ w
nrt#‘‘- •
' fitoPi"*- , against $136,209 <» 182041. (.V 33. p.22i. 568, 714: V. 54, p.289
'$00:
V.
35. p. 299, 806; V. 56, p. 320.)
&
H
c
o
H
O
W
CO
CO
a
i
3
o
t-
5
March , 1888,]
BATLKOAD
STOCKS A N D
BONDS.
123
S n b *c rH »e rs w i l l c o n f e r a g r e a t f a v o r b y g lv iiis r i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s ,
KALLROAD8.
on ffrst page o f tables.
jtentsclacr & Sara.—Stock,8p.o.gu.Del.AHud.)end.)
1st mortgage, consolidated............................ Cwr
SU him xulJ iHincille—Receiver's certificate*...---Consul. M., Riebmoud to Danville A brs.. gold—
Delwuture mortgage bunds, Income cumulative..
t'oneoL M. K. 1815,000 p.tu.)$ or £ {#14,500,0<H»c*
Equipment Trust bonds, gold, *,f.,subj. to call, .e"
Equip wen ts.f. bonds, #S,< oo.0OO,g.,sul>.tocall.c*
Northwestern. K. C „ 1st M. ($15,000 p. tail g.gu.e
Richmond York R iver * Chesapeake, 1st mortg
2d mortgage. Richmond to West Point, V a .—
Stock, guaranteed 6 tier cent...........................
Wssh.Oh.A West. 1st M. guur..Atexan.to R. Hill.o
Income mortgage,.............................................
Oxford A C lark -r. 1st SI., $15,000 p. m..gold. ...o
Clarksville & K. Carolina 1st m o rt, guar.......
D a n v ille * West. 1st SI. $15,000 p.m..goId,guar c
Mieh.Rred. et P o l—0fk.com .($1.071,100 div.,obtig.)
Stock, guar. 7 p. c „ except 819.300 guar. 0 p, c . .
1st mortgage, con rertlble.....................................
do
do
.....................................
do
coupon bonds due In London.......
do
do
due to U. 8 ...............
do
certificate)! of debt, due to 0. 8 ......
2d mortgage
do
do
.......
Consol, mortgage for #2,000.000, gold .........c'.tr
B u K Niehot. Ire. rf
1st mortgage, gold........... c*
Rtehmond d Petersburg - Stock.......................... .
Consolidated mortgage (#30,000 are 7 »)..............
Consolidated mortgage for #1,000.000, gold----c*
tI
—
— •
B rkmond * West p o inIt*
Terminal R. <f IT. Co.—Stock
PTef. 5 n. e. »tk.. cnmolntlve. subject to call at 1l o
Miles Date
or
of
F,i>uA Bonds
192
79
100
38
38
50
50
50
7
70
79
79
79
79
79
79
79
‘ 23
23
27
_____ |
IN TE R E S T OR DIVIDENDS.
When .Where Payable, and by
Payable]
Whom.
$100 $ 10,000,000 5 per au. J. A
7
iM, A
2 , 000.000
1,000
6
J. A
1.000,000
6 g. (J. A
5.997.000
i ’,6oo
6
A. A
3.368.000
1,000
5 g, A. A
3.041.000
1,000
1.000
5 g. IM. A
1.390.000
6 g. ;M, A
See text.
1,000
6 g. jA, A
1.500.000
1.000
8
;J, A
400.000
1.000
6
M. A
500.000
1.000
497,500 6 nor an. J. A
io o
4
|F, A
1, 000,000
1.0 0 0
1884
1884
625.000
e g. ;m ."a
A
750.000
1887
1.000
£
>
I f i.
6 ” IM. A
111.000
; 18*7
1,000
1,000
5 g. A A
500.000
1891
2.238.000 7 per au. J. A
io o
io o
500,400 7 per an. M, A
6 A 7 J. A
Various
35,370
185C
09,070
J. A
1856 Various
J. A
Various
43,687
1853
M. A
300.000
1870 Various
1858 Various
83,363
J: *
*44*00
53,511
4«sg.;A.
500.000
1890
6 g. 'J. A
2.375.000
1889
1,000,000 See text, J. A
100
6 A 7 M. A
380.000
1875 !500 AO300.000
1,000
4*ag. A. A
1890
100 70,000.000
IOO
5.000,000 Sec t e x t .1. A
1871
1892
1874
1882
1886
1889
1891
1888
1873
1830
J.
N,
J.
J.
O.
O.
8.
X.
O.
J.
N.
J.
.
A.
X. Y., Del. A H.Canal Co.
uo
do
Balt, and Philadelphia,
July '9 2 coup, last paid.
Apr.,'92, coup.last jiald.
Apr..'92.coup. lust paid.
Central Trust Co.
do
do
do
do
do
do
do
do
do
do
do
do
None paid.
:
N. May ,'92, coupdastpaid.
N. .May ,"J2, eo up. Iast paid.
O. A p r„’92,eoup.!ast paid,
J .: Phila. A KicUxuondu
do
do
do
do
f.
J.
do
do
J.l
do
do
X.l
do
do
do
do
do
do
O .N .Y ., Phila. or Rlohm’d.
In default
/.
Richmond, Office.
do
do
Y., Brown Brothers.
fj
&
J. Y
Ronds—Princi
pal, When Due.
Sloela—Last
Dividend.
Jan. 3, 1893
May 1, 1921
Ju ly,'93 A '94
Jan. 1, 1915
Apr. 1, 1927
Oct. 1, 1936
Sept. 1. 1909
M ay’93-1906
Apr. 1, 1938
Jan. 1, 1894
Nov. 1, 1900
Jan. 2, 1893
Feb. 1, 1924
May, 1924
Nov. 1, 1937
Nov. 1, 1937
O c t 1, 1936
Jan. 3, 1893
Nov. 1, 1892
July, 1895
1901
1901
1901
July, 1899
1901-1902
Apr. 1, 1940
July 1, 1919
Jam 3, 1893
May 1, 1915
Apr, 1, 1940
July 15, 1891
R i c h m o n d A D a n v i l l e . —/See Map.)—Owns from Richmond, Ya., Dividends o f 7 per cent paid on common stock and dividend
to Danville. Va_, 140 tulle*, with branches, Including piedmont KK-. Ac., obligations In 1383 and 1889; in 1890, fiig per cent; In 1891, 7 per
80 sillee; Richmond York River A Chesapeake K R „ 39 m iles; North cent: In 1892, Jan., 3>s; July, 3 h; In 1893, Jan., 3% p. o. From July 1,
Carolina RR., 223 m iles: Atlanta A Charlotte A ir U n e Railway. 269 1892 to Sept. 30, J 892 (3 month#), gross earnings wore $173,010, amt.
miles; total system proper 751 to lit - Operating
: Northwestern $165,199 In 1891; net, #31.029, again-t $53,073. In rear ending June
North Carolina, 100 m ilt*; Virginia Midland Railway, 408 m iles; Wash- 30.1892,gross earning# were $746.538; n et.$290,951; surplus over
togtou Ohio A Western R R , 50 m ile*; Western North Carolina K it . 309 Interest Hud dividend-, $19,834. against surplus of $52,084 In 1890;
miles; Charlotte Columbia A Augusta RR. and leased line*. 363 miles; bettertneuto, $17,896. (V. 52. p. 39; V. 53. p. 733; V .53,p. 977.1
Colombia & Greenville RR., leased lines ana branches. 296 m ile*;
R i c h m o n d N lr h o t a n v llle I r v i n e A l l c a t t y v i l l e , —IJno o f
Richmond A Mecklenburg RR,, 31 mile* ; Georgia Partite Railway, 567 road—Versailles, Ky., to iteattyvtile at the Three Fork# of the Kentucky
u i f ; State® vtllB A Western, 20 rotten; Oxford A Bciwterwa, J 3 mile*; River, 97 tnliea, o f which 62 latte# are lu operation, lu Deo,, 1891,
Oxford A Clarksville, 50 tulles: North astern RR. o f Georgia. 40 miles; John MoLrod was appointed receiver. The ol.i.m i against the ooinCUrkavtlle & North Carolina, 7 mile*; High Point Railroad, 28 miles
any-Were said early in 1892 to be not exceeding #*)()0,000 and the
Controls by ownership of stock, operating separately: Asheville A
>ud(v! debt *# show'll in the table, in August. 1392, stockholder#
Spartanburg. 70 m iles; Ettmrton Air Line. St m iles; Danville A
agreed to » plan for cotnpletlng the ro id to BeattyviUo at a oost of
Western, (narrow gauge! 7 0 m iles; other lines* Od m ile*; total ooxlll ■ front # 400,000 to $500,000-Si c V. 51, p. 257. Htoek ituthorlxed,
ary system, 2,560 m ile*; total Richmond A Danville system March 1, # 2, U »,0 0 0 ; par, 8100. lV. 5 1,p. 609; V 53. p.810; V .5 5 ,p .2 3 7 ,)
1892, 3,320 mile*. Also steamship linos reckoned at 200 taUe*.
i t l r h m a n d A P e t e r s b u r g . —Owns from Richmond to PetersburgSto c k .—T he stock Is f,,0 0 0 jm 0 im r #1001, o f which $4,976,100 l* ' Va.. 23 mile*. James R iver branch. 4 miles.
owned by Richmond A w est Point Terminal, and pledged under Its : Dtvtuexo#alum 1333—lu 1331. 1885and 1886,5 p erc e n t; In 1887,
collateral trust and preferred stock agreement*.
6; In 1383, 1#89, 1890 tnd 1891. 7; in 1382. 7 ; to »8 »3 . January. S'*.
®icc*fvy;*sim*.—On June 16,1802, on account * t the financial env ! L v n -r lUKatM l#.—
July 1, 1892, to Jan. 31, 1893 (7 mouth*), gro##,
barmastuent o f the Richmond A West Point Term inal, this mad w a r ; $199,735, against $183,735 to 1891 9 2 ; net. *61.681, rocUost $16,01$.
placed in hand* o f F, W, B Old*koperand Reuben Foster as receivers. I Avsuxt. Ksi-oiir.—Fiscal year ends Juno 30. Anrutal report for
A s to attachment of CentTal o f 0a. property In January, 1893, see V. 139192 In V. 55. p. 977 showed gross earning*. $3.17,839: mlsool56, p. Mr.
lanenit# receipts. $ <1,639: total receipts, $169,478; not, $126,329;
Interest on leased line bond* was paid as usual In ly 1, 1892,b et total tost Income, $135,347; Interest, $36,600; dlvldonds, $70,000.
there h a te since hern a number o f defaults a* indicated b e lo w .; - « V . 53, p. 8 TO; v. 55. p. 97 7.)
Coupon* o f R. A D, m iw l. f.s due July 1, 1892, width were bought
Ilk h m o n d A W e s t P o in t T e r m in a l H a llw a y A W a r e
at maturity were paid In full In January, 1893,
h o u s e C o .—The mileage controlled and operated wa# about
On Oct- i , 1892. default occurred <*u R. A D. debenture 6s and coc 8,816 miles (Including wutcr lines) iw follow#: lttehmotid A Dan
ao! 5», Colombia A Greenville second 6s, Georgia PaclBe second 5«, ville system, 3,320 tulles; Kast Totmcsaco Virginia A Georgia system.
Danvlil* A Western 5® amt A s *e »ltb A Spartanburg «* , Sec V. 55, p. j 2.318 mile*; AlabamaOrcat Southern, 296 mites; Central Railroad of
590.639. < n Nov, 1, 1892, Oxford A Clarksville and Clarksville A Georgia, 2 .6 S2 miles; W ater tlhos: Ocean Stnantshlp'Ontpan'y and
North Carolina coupon* went lo default.
Balttuiure Chc«, A Rich. 8. B.
On Jan. 1, 1893, the coupons of C o lu m b ia * Greenville bonds due;
Oct. 1 , 1892,w ete paid, but Ga. Pacilic 1st moitgngo coupon* due! JTiWogr, Etc .—I ncorporated act o f Va. LcgW.vturo lu Muroli, 1880,
and purchased a largo amount o f liouthcru railroad mumrilloa, which
Jan, J, 1893. were bought by Meestw. Clyde and Stone. V.SU .p.43, As i
to underlylngbomlhohii rs'com inlitfcsco V.55.p.bO«; V.fie.p. 207,247. enabled It to operate the system* above mimed. Messrs. Clyde, Strong,
etc., became director* In 8 p t„ 1892. (V. 55, p. 463.)
0 m u i > W since 187*—l o 1881, 5 percent; in 1882,7; In 1887.3; In j
RKCitiVKHsmr —On June 22.1892, W. O, Oakra tn, theretofore Presi
1888, 5; la 1889.10; la 1890, ICR in 1891, Jon., 5; July, 5; lu 189.', nil.
dent. wa* •npotohxl receiver.
Default on the Isolds took
B ostw ,--In addition to Imnd* In table above there were out us c o lla r ; place August 1 and September 1, The Central o f Georgia,
era! Dec. I, l85«i.#M 87.000 consol,ft*. #fXi9.iti*i equipment 6* lex.xpi the Richmond A Danville and the East Tonne-sec are also in the hand*
part in treasury) and $550,000 I anvllle A Western 5s.
o f receivers. Circular o f advisory committee o f seventeen was In
T h e "d eb en tu re’ * mortgage bond* have s Hen os the property ; Issue o f Aug. 27. 1392. Mr. t in ’ s fetter o f Jan., 1893, was In V. 56, p.
subject only to the consolidated mortgage o f 1874. and are entitled to 143, and President Oakntan’ s notice to Central o f Ga. a# to rcorgtinlxasuch Interest not exceeding 6 per cent per annum Icnmuiative) » * r e - ; tl«n V. 56, p. 82. A* to correspondence with Drcxel, Morgan A Co.,
s a in *o u t o f the caniinga o f the company after paying the Intermit on j see •* Heorganlxathui" below.
the eoo-ol 6s, the rentul o f all iflroncrtlesleAsMl f»y tins company a t the
In November. 1892, the receiver brnnvht suit to recover the moneys
tlln* the mortgage s iw t n t ls , and its oticniGog and renewal expeusee, paid by the Terminal for # 1,000.000 Central o f Georgia stock bought
liie man so to w paid to be determined by Die Board at Directors,
at a price it Is claimed far exceeding It* value. Bee V, 55, p. 422,938,
in 1690 the Richmond A Danville Untied s C.ouO.Oik i ImjuiIs join tly i
i
with the E, IVtin v » . A Ga. 0*H« Hast Tcmi.i A hill statsmnnl o f the i C a p it . i . Stock .—The preferred stock I# scoured by depo.de o f #2,500,100 Richtnnnd A Danville stook.
company’s obligations on It* teased line* was In V. 54, p. 488.
Dtvtt>R*T>» on preferred stock -rn 1387, 2hi p ercent; In 1888,5; to
FWIATWO DKlrr.—O f the floating nci.t a* It stood on Sept. 8, 1892- 1
$4,484,000 « M secured by cuUKcral. This coliat ml iuclurle* the |1889.5; in 1800.5; in 1891. Jatt,. 2>a; lo July, 2 ■*; since, none.
m o t valuable o f the sccurftlca form erly to th- It. A 1>. treasury and j P ric k o r SrreJK.—Common In 1388.1»a29-k; In 1399. t£>t*»27A: la
ewtuln *»curiU » borrow, d from th - tt. A W, P. Terminal, a* shown ; 1890, l3H r»29'*; In 1891.8 % »1 9 ‘ a; In 1392,«ti A17hi; in 1893 to Mar.
17 inclusive, 79 12. Preferred in 13.37, 13437hi. in 1333, 95*g7>«;
for that company. On th- same dat~ $797,000 not-« o f th- R, *
D bor the • ndorw m nt o f th 'I rmiiiul Company Th floating item In 1839.7 6 if91 A: In 1890, «0"g»87>at In 1891, 4 3 A70*iK In 1892,31**
was reported e,xt*g*teo In July, 1892, a i 6 p er cent interest and 2% per i a 79; in 1893 to Mar. 17 lucluahib 30®43.
rent commission. (V. 51, p.79; v . :,r>. p, f 17,257.)
FI.OATISO DKIIT, 8KCCMITIES O w s b o , E tc .—On Sept. 8, 1892. the
LaTaaT $A*viN0S.- From July l to July 31,1892 (t month), gross o f receiver rrpm red the company's flouting debt to bo $279,200, and the
tystcin *947,430, against $1,107,020 In 1891.
notes of the Richmond A Danville endorsed #797,000, To souu.ro float
AWS.VSI. RKVOKt.—Year cuds June 30. Report for year 1890-91 was ing debt o f the Terminal were pledged $230,000 o f Deeuriti a #howu
given to CtiMOMOt-R, V. 5a, p. 837, Ac. The net ampin* o f Rich befovr and $137,000 Chester A fsmoir and Cheraw A Ohostor bonds
mond & Danville proper above fixed charge# was $1,212,403; surplus borrowed from the Richmond A Duuville. The aeouritle# owned hr
• b other Mads e f the sysfeto. exeept Oetnrgla Paciflo, *111,707; deffeit the Terminal were On Jan. 10, 1893, as follows. In November, 1892,
on Georgia PaciBivincluding ttitprovemenu and betterment*, #1,509,- the receiver * a* granted permission to sell $702,Oi K) State o f On. 3 'as,
581 - result on whole system a deficit o f $185,421. The following anil on Jan, 1 0 ,1393, only #53,000 remained unsold, as shown below.
,
flguros are for Uie 77>1 roites o f the syetetu proper. (See V. 55. p .721). (V. 55, p. 933.)
Loaned R. d n. RR, On,
Securities in Go's, treasury.
1889-90.
1890-91.
1891-92,
$195,000
Gross earning#................... .#-'.,600,712
*5,947.359
$5$4 4.783 E. Toon, Va. AOa. com. $5,880,000 Oxford A Send, 1st H.
391.000 StateSVlUo A West. 1st.
Do
2d pref.
300,000
■Operafg expense* and taxc# 3,130.882
3,085,491
3,037,067
325.000
Oxfortl A Ilcntl. cum..
Total par vatue......
#195.000
68,610
N et earning#..................$2,413,831
$2,861,868
$2,907,716 Rich. A W. F. Ter. com.
600.000 Loanee) It. 1P I). and by them
Interest on bonda...............>
-95,3.80
874.195 Statesville A Wisrt.eom.
34,233
pledged on floating dent.
Rentals, Ac..........................( 1,062.907 j
7 5 4 ,1 1 5
1,135,316 Virginia Midland corn.
$726,000
121,997 Rich. ADnn. — nip. 6s.
Various other stock#..
Slnk'g fund for equip, bond#.
100,145
E.r.nu. Vn.AGa. Kx.Sa
020.000
160,000
Rich. A Meckleub. 2d - .
do
do tli-n, M. 5s.
230,000
Surplus...........................
#750,864
$1,212,403
$843,060
state o f Georgia 3%s.
53,000
Total par value....... $7,493,870
- (V . 51,p. 79, 120, 702. 1010; V. 55, p, 22, 257, 298, 590, 039, 721. Omne/t anet pteitgcit f o r R, f. (Jo. Virginia Midland OtHlt.
840,000
T « , 996; V. 60. p. 43. 82,807, 247.1
E .Tm ti. V. A G . Is tp f.
500,000
f l o a t i n g d e b t.
do
2d pr f.
1,820,000
R ic h m o n d F r e d e r ic k s b u r g Sc P o i e m t c , - O w n * from Rich Virginia Midland com.
$30,000
fnand, Ya., fa QUBnEteo,79 mib',. Jam— Hiv. r branch, 3 mites; lenses E. T hou. V, * O. 2d rtl.
346,200
100,000 R. A W, P. Ti-r, com ..
47.000
■W toth w ifii Jntii-tiiro, 2 hiilee. The fltvlrten.l obliva-ii.n-. reebive same Cliar. C l . A A tig, s r k,
60,000 Ga. Pao, Equip. 6#....
dlvMaods as common stock, but carry no voting power. O f consul#
Total par y a lu »...... $5,18 2,*00
•nfflmens »ro reserved to provide for prior bond# maturing.
T otal par value...... .
$230,iXK)
£
INVESTORS’ SUPPLEMENT.
m
[VoLo
liVI,
S u b s c r i b e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d i n t lie s e T a b l e s .
Bonds—Prine 1
IN TE R E S T OR DIVID E ND S.
pal,When Due.
Miles Date Size, or
Amount
Par
Rate per When ' Where Payable, and by Stocks— Last
of
of
For explanation o f column headings, Ac., see notes
Outstanding Cent.
Payable;
Whom.
Road. Bonds Value.
Dividend.
on tlrst page o f tables.
__________________R AILRO AD S._________________
R ic h m o n d d West P t. Ter. It. d T . C o.— C o n clu d e d .
F
Collate trust bonds, gold, subject to call at 105 -.
Consol, oollat, trust,gold, subject to call at lOO.c*
R io G ra n d e J u n c tio n —Stock ................................1st mortgage, gold, guar, join tly...................... c
R io G ra n d e S o u ln tn v —Stock, $25,000 per m ile......
1st mortgage, $25,000 per mile, gold............ o*&r
R i o G ra n d e W estern *
—Preferred stock...... ............. 1st trust mortgage, for $16,000,000, g o ld ........c
One-year notes........... .........................................
Roanoke d Southern—Stock.............................
-
1st Mortgage, gold, $15,000 p. m., guar. p. A l . .c*
Equip, trust ($210,000) guar. p. A l. by N . A \S- c
R och. (t Genesee Y a l. —Stock, 6% rental N .Y .L .E .A W .
R o ck Is la n d d P e o r ia —Stock....................................
1st mortgage........................................................ r
Consolidated 1st mortgage................................ --1
'
R o m e W atertow n d O gd ensbu rg— Stock, guar, (end.)
1st M.,Wat. A R.,Rome to Capo Vin.,s.f.,not dr’n.e*
Consolidated mortgage (See remarks)................ c.
Syracuse Northern 1st mortgage ...................... c*
Oswego A Rome—1st mortgage, guar..................
Oswego A Rome2a mtge. g., gu.by R. W. A O.c*..
Oswego Bridge and Syr. Ph. A Os. 1st mortgages
Norwood A Montreal 1st mortgage, gold ............
R. W. A Og.Term. RR. 1st M., gold, gu.R .W .A O.o
62
62
172
172
522
504
i ‘2‘2
122
*18
113
91
113
“7
9
409
45
28
28
18
13
14
$1,000
1,000
100
1,000
1889
100
1890
1,000
100
1889 1,000Ac
1892
Tod
1892
1,000
1,000
1891
100
. .. .
1887
1889
1878
1885
1855
1874
1871
1865
1891
1885
1886
1888
25,6*00
5,000
100
100 Ac.
1,000
1,000
1,000
1,000
i ’,6oo
R i c l i m o i i d & W e s t P o i n t T e r m i n a l . —(Concluded.)
B onds .—The 6 per cent trust bonds of 1887 (see abstract o f mortgage,
V. 45, p. 575) are a tirst lien on the follow ing:
Rich. A Dan. stock---- $1,760,900 We st N. C. consols---- $1,325,000
do
2 d m o r t ..
4,110,000
E.T.Va. A Ga. 1st pref. 6,000,000
Col. A Gr*-en. com...... 1,000,000
Total par value___$17,296,900
do
do p r e f___
1,000
Va. Midland stock...... 3,100,000
The consol, collateral trust 5 per cent mortgage bonds of 1889 (trus
tee, Central Trust Co.; see abstract of mortgage in Ch r o n icle , V. 49,
p. 115), are a second lien on the securities pledged for the 6 per cent
bonds and on $2,500,000 Richmond A Danville stock,pledged for the
preferred stock, and a first lien on the following:
$315,000
Char.C. A Aug.RR.st’k. $1,300,000 N ’east.RR.ofGa.g’n.M.
do
do stock.
120,000
Va. Midland Ry. stock.
470,000
300,000
Western N C.RR.,com. 3,160,000 Rich.AMeck.RR.stock
Rich. A Dan. RR.stock.
708,100
do
do
pref. 3,160,000
Ga. Pacific Ry. stock.. 4,370,000 E.Tenn.Va.AGa.lstpf. 2,283,200
do
do
2dpf. 4,225,000
do do income mort. 1.397,000
Ga. Co. 5 p.e. col. trust. 3,447,000 Central RR. A Banking
Ash. A 8part.RR.2d M.
215,000
Co. of Ga. stock.......
220,000
do
do
stock. 1,040,000 Georgia Co’y stock___ 11,990,000
Wash. O. A W. RR. in c..
625,000
T otal........................$40,845,300
do
do
stock. 1,500,000
In 1890 the company guaranteed $6,000,000 Cincinnati Extension
bonds, issued jointly by Richmond A Danville and East Tennessee, V ir
ginia A Georgia and secured by deposit o f the stock purchased in ob
taining control of the “ Erlanger” roads.
R e o r g a n izat io n .—A plan for readjustment of the Richmond T er
minal finances was issued in March, 1892, by the Olcott committee, but
the underlying securities failed to come in. See V. 54. p. 487. In
February, 1893, Messrs. Drexel, Morgan A Co., who had previously
been asked to undertake the reorganization and declined on the ground
that they could not secure the co-operation o f all factions, agreed to
re-consider their decision, all parties requesting it. See V. 54, p. 888;
V. 55, p. 23; V. 56, p. 207.
E arnings .—The Olcott committee presented the foliow ing statement
showing the result of operating the present system.
Gross earnings in year 1890-91 (including Alabama Gt.
Southern but excluding the Central of Georgia)............. $28,338,500
N et earnings over expenses and taxes...............................
8,744,736
Fixed charges.......................................................................
9,474,837
A n n u a l R e po rt .—For the year ending June 30 the earnings o f all
railroad lines then controlled were as follow s:
1888-89.
1889-90.
1890-91.
Miles operated November 30..
7,521
8,558
9,052
Gross earnings........................$35,596,983 $41,361,095 $43,849,344
N et earnings.......................... $11,699,512 $13,132,903 $13,968,464
Charges..................................
9,434,445
10,637,185
11,455,457
$5,500,000
11,065,000
2, 000,000
1.850.000
4.510.000
4.510.000
6.250.000
14,000,000
400.000
2,396,450
2.041.000
106.000
555,200
1.500.000
150.000
450.000
8,768,100
417,800
9.081.000
500.000
350.000
400.000
275.000
130.000
375.000
6 g. F. A A. Feb. ’ 92, coup, last paid. Feb. 1, 1897
5 g- M. A SJMar.’92, coup, last paid. Mcli. 1, 1914
5 g. J. A D. IN. Y., Maitland,"P.A Co. Dec. 1, 1939
. A J. N. Y., Maitland, Phelps July 1, 1940
5 giSee text. Q .- F N.Y.,otIice,32 NassauSt. May 1, 1893
4 g. ’. A J. N. Y., State Trust Co.
July 1, 1939
N. Y., Of., 32 Nassau St.
1893
6 per an.
5 i>er an.
10
6
5 per an.
6
5
7
. 7
5 g.
6 A 6 g.
g g‘
5 g.
M. A
J. A
J. A
.T A
.
J. A
J. A
Q
M. A
A. A
J. A
M. A
F. A
F. A
A. *
M. A
s. N. Y
D. Balt
J. N. Y.
j . N. Y
J.
J.
i\ N .Y
S.
0.
J.
N.
A
A.
o.
N.
. Ed. Sweet A Balt.
Merc. Tr. ADep.Co.
by N .Y .L.E.AW.Co
, Com Exch. Bank.
do
do
do
do
, Gr. Cent. Station.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Mch. 1. 1922
$21,000 Dec. 1
Jan. 1, 1893
Jan. 1, 1893
Jan. 1, 1906
Jan. 1. 1925
Feb. 15,1893
Sept, 1, 1910
July 1, 1922
July 1, 1901
M ay 1, 1915
May 1, 1915
Feb. 1, 1915
Apr. 1, 1 9 ie
May 1, 1918
interest charge on 112 miles operated during the year, $140,000;
balance surplus, $127,400.—(V. 53, p. 674; Y. 54, p. 160, 163, 444, 446:
V. 55, p. 463, 7 64, 1036.)
R i o G r a n d e W e s t e r n . —(See M ap.)— Lin e of R oad —Owns Cre
vasse, Col., to Ogden, Utah, 310 miles, to Alta, Bingham Coal Mines, etc.,
47 m iles; San Pete branch, Thistle to Manti, 61 m iles; Sevier Railway
(proprietary line—all securities owned), Manti to Salina, 26 m iles;
Tintic Range Ry. (proprietary line, all securities owned)—Springville
to Eureka, aud spurs. 52 miles; total owned, 496 miles. Leases Crevasse
to Grand Junction, 18 miles. Total operated, 514 miles. Also owns 11
miles o f tramways. The Rio Grande Junction Road, 64 miles, opened
in November, 1890, affords a through connection of standard gauge to
the Denver A Rio Grande and the Colorado Midl’ d. (See V. 51, p. 680.)
H is t o r y .—Formed in June, 1889, to succeed the Denver A Rio
Grande Western, by plan of March, 1889, for widening gauge and re
tiring old securities with new issues. See V. 48, p. 429; V. 52, p. 941.
Ca p it a l Sto c k .—Common stock authorized and outstanding, $10,000,000; preferred stock authorized, $7,500,000; outstanding, as in
the table; par, $100. Preferred stock is entitled to 5 per cent dividend,
non-cumulative, then common stock to 5 per cent, after which both
classes of stock share pro rata.
In June, 1892, common stock for $2,500,000 was sold to common and
preferred stockholders at 40, the proceeds paying fo r all the securities
of the Tintic Range Railway, completed in March, 1892. See V. 54, p.
526, 762.
An increase in preferred stock from $5,000,000 to $6,250,000 in
April, 1891, was taken by stockholders at $65 per share. See V. 52, p.
499.
D iv id e n d s .—Preferred stock—A dividend of 2 ^ per cent in preferred
stock was paid February, 1891, and the first quarterly cash dividend
o f 1 ^ per cent May, 1891; Aug. 1*4; Nov., l 3
^. In 1892, 5 per cent i
in 1893, Feb., 1 ^ per c e n t; May, l x
4.
P r ic e of Sto c k —Common—In 1890, 15'®247 in 1891, 233>44; in
8;
1892. 23®41; in 1893, to Mar. 17, inclusive, 16@22.
Preferred stock—In 1890, 40@55; in 1891,551
4'®757 in 1892, 63'2>74;
8;
in 1893, to Mar. 17, inclusive, 60® 62 *2.
B onds .—See abstract of mortgage (Central Trust Co., trustee) in V.
49, p. 237, and statement to N ew York Stock Exchange in V. 50, p. 73.
L atest E arning s .—From July 1 , 1892, to Jan. 3 1 ,1893 (7 months)»
gross $1,535,346, against $1,629,311 in 1891-92; net. $562,149 >
against $644,044.
A n n u a l R e p o r t .—Fiscal year ends J une 30. Annual meeting is held
on fourth Monday in Julv. ‘ Full report for 1891-92 with balance sheet,
etc., was in V. 55, p. 1063, 1077, 1079.
1889-90.
1890-91.
1891-92.
387
407
512
Mileage....................................
Gross earnings:........................$1,622,234
$2,346,130
$2,643,924
Total net income.....................
520,686
856,783
928,571
Tnterest paid on bonds.............
393,500
535,500
560,000
Rental and miscellaneous......
11,143
15,144
37,120
Dividends...............................
........
255,369
312,398
Surplus............................. $2,265,067
$2,495,717
$2,513,007
The company’s report for year ending November 30.1891, was given
Total payments................. $404,643
$806,013
$909,519
at length in V. 53, p. 878, and showed the following income account.
Sur. (overdivs.’90-91 A ’91-92.) $116,043
$50,770
$19,051
Revenue—
1890-91.
Expenses—
1890-91. - ( V . 52, p. 126, 499, 574; V. 53, p. 59, 187, 324, 408, 656, 6 72 , 6 7 4 1
Dive. Rich. A D an....... $467,620 Int. 6 per cent col. trust. $330,000
V, 54, p. 243, 526, 598, 762; V. 55, p. 100, 4 20 , 1 0 6 3 , li>7 7, 1 079.)
Divs. E. T. 1st pref......
175,664 Int. 5 per cent col. trust.
553,250
Diva. Cent. RR. o f Ga..
316,964 Interest on G a. Co. 5s...
27,650
R o a n o k e & S o u t h e r n . — See N o r f o l k A W e ste r n .
Int. E. T. 1st mortgage.
18,000 Divs. on pref. stock......
249,850
Various interest...........
281,685 Gen. and legal expenses
66,252
R o c h e s t e r < G e n e s e e V a l l e y . — Owns from Avon to Rochesterr
fc
N. Y., 18 miles. Leased July 1, 1871, in perpetuity, to Erie Railway.
T o ta l......................... $1,259,933
T o ta l..........................$1,227,002 Rental, $34,012. James Brackett, President, Rochester, N. Y .
Net for year.......................................................................
$32,931
R o c k I s l a n d A P e o r i a . — Owns from Rock Island, 111., to Peoria >
—(V. 54, p. 34, 79,120, 329, 410, 443, 486, 487, 560, 561, 598, 643,
A Mercer County Railroad, 22 miles
684, 762, 846, 888, 924 ; V. 55, p. 23, 59, 147, 178, 216, 257, 298, 332, HI., 91 m iles; Rock Island Rock Island was sold in foreclosure A:ptotal*
113 miles. The Peoria A
ril 4*
463, 504, 590, 724, 895, 938, 1078; V. 56, p. 43, 82, 207, 414, 465.)
1877, to the bondholders. In year 1889-90 gross earnings were $655.106; net, $345,321; surplus over interest, taxes, Ac., $285,584; d ivi
R i o G r a n d e J u n c t i o n . — Owns road from Rifle Creek, CoL, to a
connection with the Rio Grande Western at Grand Junction, 62 miles. dends, $75,000. In year 1890-91, gross $764,595. Semi-annual d iv i
This is a connecting link in the standard-gauge route between Ogden dends of 5 per cent per annum have been paid. President. R. R. Cable.
and Denver and Colorado Springs. Leased by Colorado Midland and
R o m e W a t e r t o w n A O g d e n s b u r g . — (See Map New York C en
Denver A Rio Grande at 30 per cent of gross earnings, which companies
jointly and severally guarantee the bonds, principal and interest tral d Hudson River R ailroad.)—Owns from near Niagara Falls to
Stock is $2,000,000 (par, $100), o f wjiick Colorado Midland (Atchison) Massena Springs, N. Y .f 299 miles, less 28 miles, Richland to East
Oswego, leased from the Oswego AR om eRR .; Richland tc Rome.41 miles;
July 1,1892, owned $737,150. (V. 51, p. 829, 830; V. 52, p. 204.)
branches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc., 109 miles;
R i o G r a n d e S o u t h e r n . — (See Map Denver d Rio Grande.) —Road total owned, 421 miles. Leases Utica A Black R iver Railroad. Utica to
oompleted Jan., 1892, from Dallas (new name Ridgeway), Col., on the Ogdensburg, and Clayton branch, 150 miles ; Oswego A Rome Railroad
Denver A Rio Grande, southerly to Duraugo, 165 miles, and branches as above, 28 m iles; Carthage Watertown A Sacketrs Harbor Railroad,
to Telluride and coal fields near Rico, 15 miles, all narrow gauge. Built Carthage to Sackett’s Harbor, 30 m iles; trackage—to Niagara Falls, 2
in the interest of the Denver A Rio Grande. Mortgage (trustee, Central m iles; Fulton to East Oswego (New York Ontario A Western Railway),
Trust Company o f New York) is for $5,000,000 at $25,000 per mile on 12 m iles; total leased, 222 miles Total operated, 643.miles.
In March, 1891, leased during the fu ll term o f its corporate existence
road and equipment. See abstract of mortgage V. 54, p. 163 and
and renewals thereof to the N ew York Central A Hudson R iver RR.
application to New York Stock Exchange in full in V. 54, p. 446. ’
Co., which assumes the debt and guarantees 5 per cent on the stock.
E ar n in g s .—July 1,1892, to Jan. 31, 1893 (7 months), gross $472 • The stockholders received a stock dividend o f 20 per cent. For wording
-382, against $216,713 in 1891-92; net, $239,903, against $141,272. In of guaranty see V. 52, p. 463. Stock authorized $10,000,000. Earn
year ending June 30,1892, gross earnings, $491,607; net, $267,400; ings are included in those of the lessee.
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INVESTORS’ SUPPLEMENT.
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[V O L .
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S n b « c r lb o r « w i l l c o n fe r a g r e a t f a v o r b y g iv in g Im m e d ia t e n o tic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
B o n d s — Princi
IN T E R E S T O K D IV ID E N D S .
R A ILR O A D S .
Miles Date Size, or
pal, When Due.
Am ount
Rate per When Where Payable, and by Stocks —Last
Far
of
of
For explanation of column headings, &o., see notes
Outstanding
Cent. Payable
Road. Bonds Value.
Whom.
Dividend.
on first page of tables.
M arne W a te r to w n <£ O g d e n s b u r g . —( C o n c l u d e d . )
Utica iV Bl. Kiv. st’k,? p. o. perpet. gu. by R .W .& 0.
Black River & Morristown 1st m ortga g e........o
Clayton A Theresa 1st mortgage..................... c
1st mol t, on 98 miles, 2d on 52 miles, g., guar.c
R u tla n d — Stock, preferred.......................................
General mortgage (8 per cent, reduced to 6 )......e
2d mortgage in exchange for equipm’t bonds, &c.,c
First consol, mort. for $3,500,000. gold...... c*.fcr
S a g. Tu s co la d U i u o n — 1st M., $15,000 p.m.,gold.C'
S a g in a w T a lle y j S t. L o u i s — 1st mortgage....... c.fer
S t. J o h u s h a r y d L a k e C h a m p la in — Common stock.
Preferred stock.....................................................
1st mortgage................................................. v c * r
Consolidated mortgage ifor $1,000,000), gold..c*
Bonds for $2,500,000............................................
Bt. J o s e p h <t G r a n d I s la n d —Stock...........................
1st mortgage, gold., interest guar, by U .P ........c*
2d mortgage, income, gold................................. c*
Kan. C. A O. HR. lstM.($15,000p.m.)g.,int,gu.c*Ar
150
36
16
150
120
120
120
120
67
36
131
131
131
$100
’68-71
1874 500 Ac.
1873 500 Ac.
1,000
1800
100
100 Ac.
1872
1878 100 &c.
1,000
1891
1,000
1891
1,000
1872
50
50
1,000
1880
1,000
1884
100
1,000
252 1885
1,000
252 1885
196 1887 500 &c.
B t. L . A l t o n d S p r i n g f i e l d . — See St . L ouis Chicago & St . P a UL.
100
81. L o u i s A lt o n J T e r r e H a u t e — Common stock.........
100
Preferred stock (7 cumulative) convertible.........
1.000
207 1862
1st mort., series A, sinking fund, not d ra w n ...e*
1,000
207 1862
1st mort.. series B, sinking fund, not d ra w n ...c*
1,000
2d mortgage, preferred, series C .................... c* 207 1862
207 1862
1,000
Do
do
Series I ) ................................. c*
1,000
2d mortgage, incomes...................................... e* 207 1862
1,000
....
1881
Dividend bonds, income (see V. 48, p. 389)........
$1,103,000 7 per an. M. & 8.
500,000
7
J. & J.
200,000
7
J. & J.
1,300,000
4 g. J. A J.
4,239,100 4 p er an. j . & j .
6
1,500,000
M. A N.
1,500,000
5
F. A A.
500,000
413 g. j . & j .
1,000,000
5 g. M. & S.
446,000
8
M. A N.
2,550,090
1,298,500
550,000
6
A. & 0.
91.000 5 g. A 6 Various
4
(?)
4,600,000
6,998,000
6 g. M. A N.
1,679,000
5 g. J. A J.
2,713,000
5 g- j . &
2,300,000
1,170,800 See text.
1,100,000
7
1,100,000
7
1,400,000
7
1,400,000
7
1,700,000
7
1,357,000
6
J. A J.
A. A O.
F. A A.
M. A N.
M. A N.
June 1
N. Y .,G r. Cent. Station.
do
do
do
do
do
do
Rutland, Clem. Nat. Bk.
Bos.,Globe NatBk.AR ut
do
do
N ew York City.
N ew York City.
Boston, Second Nat. Bk.
Sept. 30,1892
Jan. 1, 1894
July 1, 1898
July 1, 1922
Jan. 1, 1892
Nov. 1, 1902
a u k . 1 . 1898
July 1, 1941
Sept. 1, 1931
M ay 1, 190&
Boston, B. <fc L. KK. Of.
do
do
1910
Apr. 1, 1914
N. Y ., Central Trust Co. M ay 1, 1925
See text.
July 1, 1925
N. Y ., Central Trust Co. Jan. 1, 1927
N .Y .. O. S. Trust Co.
do
do
do
do
do
do
do
do
•Tan. 10 1889
July 1, 1894
July 1, 1894
July 1, 1894
July 1, 1894
July 1, 1894
A fte r Jan.,’94.
it
Dividends from 1887 to February, 1891, both inclusive, at rate of 6
S t. L o u i s A l t o n <fc T e r r e H a u t e . —f s M a p . ) — Proprietary line,.
'ee
per ceut yearly : March, 1891, 20 per cent in stock; in M ay and there East St. Louis to Belleville, 14 miles. Leases: Belleville A Southern
1 .,
after 5 per cent per annum guaranteed. The consol. 5s due 1922 have Illinois Railroad, Belleville to D u Quoin, 1 1 57 miles; Belleville A
Eldorado RR., from Du Quoin to Eldorado, 50 miles; Belleville A Caron
their interest payable in goldi but not their principal.
The Utica A Black River is leased in perpetuity, interest on bonds and delet RR., from Belleville to East Caroudelet, 17 miles; St. Louis South
7 per cent on stock being guaranteed. The consolidated mortgage ern, Pinckneyville to Carbondale, 111., 31 miles; Carbondale A Shawbonds of 5890 are guaranteed, principal and interest, by the Rome neetown Carbondale to Marion, 17 miles; Chicago St. Louis A Paducah,
Watertown & Ogdensburg. See V. 50. p. 771.
Marion to Paducah, and branch, 53 miles; total operated, 239 miles.
The Oswego A Rome road is leased in perpetuity, and the second This is the Cairo Short Line.
mortgage bonds guaranteed by Rome Watertown & Ogdensburg by
O r g a n iz at io n .—Successor to the Terre Haute Alton & St. Louis sold
endorsement, (V. 52, p. 39, 322, 463, 498, 796; V. 53, p. 713, 793.)
in foreclosure in 186L. In October, 1890, the main line from East
St. Louis, III., to Terre Haute, Ind., 189 miles, and branch, 4 miles,,
R u t l a n d . —Owns from Bellow’s Falls, Vt., to Burlington, Vt., 120
miles. This road has been through many changes. L eased in 1890 which had theretofore been leased to the Cleveland Cincinnati Chic
for 999 years from January 1, 1891, to the Central Vermont, the ago A St. Louis, were sold to that company for $10,000,000 of 4 p e r
rental being $345,000 per annum; this w ill be increased by $25,000 cent 100-year gold bonds. See below and V. 51. p. 52, 114, 383, 494.
per annum as new equipment and other permanent improvements are
D iv id e n d s on preferred stock since 1876.—In 1878,2 per ceut; inl881,.
put upon the property during the next three years, making the 3 aud 55 iu bouds; from 1882 to 1885, inclusive, 7; in 1886, 2 V in 1887,
rental $370,000 per annum, payable monthly in gold. The net in- nil; in 1888, I V in 1889,1; none since.
oonte w ill pay 4 per cent on the preferred stock uow, and after the
Sto ck a n d B onds.—The p re fe rre l stock has a prior right to a cumu
funding of existing mortgages may pay 5 per cent. See V. 53, p. 124, lative divideud of 7 per cent before any is declared on common and the
St o c k .—T he D elaw are & Hudson owns $3,000,000 of the preferred arrears accrued to Jan. 1,1891, amounted to 37*4 per ceut, or $944,and $1,000,000 of the $2,480,601 common stock, par $100. D iv id e n d s 163. The preferred stock is also convertible into common at p ir.
on preferred stock since 1880—In 1881, lk 2 per cent; in 1882, 2; in
The sale of the main line did not atfeot the status of this company’s
1884 and 1885. 1; in 1886 and 1887, lkj; in 1888, 1; in 1889, I V , in securities. Of the $10,000,009 bonds received, $250,000 were placed
1890, 3 ; in 1891, 2 ; in 1892. Jan., 2, July, 2; in 2 893, Jauuary, 2 p. c. in a sinking fund for the issue itself (bonds to be purchased, wot drawn,
B onds .—The second mortgage is a first lien on rolling stock .and per at or uuder 105), and $6,700,000 are reserved to retire the bonds ma’
sonal property. The consolidated mortgage (trustee, U. 8. Trust Co. taring in 1894. O f the bonds immediately at the disposal of the
of S . V.,) is r«»i* $3,500,000, but of this$3,oo0,000 can be issued only company, $2,500,000 were offered in exchange for the preferred
as prior bonds for like amount retired. V. 53, p. 124 ; V. 55, p. 2 5 5 . stock, being sufficient to retire all but $800,000 thereof, at the rate of
$150 in bonds for $100 of stock. To Sept. 1, 1892 $1,297,600 of
S a g i n a w T u s c o l a 6c H u r o n . —Owns from Saginaw, Mich., to
Bad Axe, 67 miles. Opened as a standard gauge road June 29, 1891. preferred stock and fra c tio n a l had been retired, leaving $1,813,000
Common stock authorized, $600,000; par $100. The first mortgage is bonds in the company’s treasury. See v . 52, p. 42 81, 351, 499, 720.
O f the $2,200,000 Series A and B bonds given in the table above as
to the Continental Trust Co. as trustee. From Jauuary 1 to Jan.
81, 1893 (1 month), gross earnings were $8,469, against $7,274 outstanding, $1,093,000 on Jan. 1,1892. were in the sinking fund. On
Jan. 1, 1892, there were $100,000 bills payable, issued in 1891 for im
in 1892 ; net, $2,692, against $2,267. In year L802 gross, $123,765;
s
net, $38,084, against $24,527 in 1891. Win. L. Webber, President, provement of terminals. 8t. Louis Alton A Terre Haute 7 per cent
bonds carry the right at stockholders’ meetings to 10 votes.
Saginaw.
St. L. Alt. A T. H. dividend bonds are not entitled to receive anything
S a g i n a w V a l l e y 6c St. L o u i s . —Owns from Ithaca to Paius, Mich., for principal or interest until all arrears of dividend upon the preferred
36 mfies, and leases ALma to St. Louis and Paius to Saginaw, 9 mile'*; stock and other prior legal claims shall have been adjusted, and a sur
total, 45 miles. Opened Jauuary, 1873. Stock authorized, $300,000: plus of annual earnings reached which w ill be applicable to such divl
outstanding. $264,804; par, $100. In 1892, gross, $94,063; net, $24,- deud bouds. See V. 48, p. 389.
272; other iuoome, $1,500; charges, $42,680; deficit, $16,907.
L eased L ines —The Belleville & So. Illin o is is leaded to this company
St. J o l in N b u r y 6c L a k e C h a m p l a i n . —Owns from Lunenberg, for 999 years from Oct. 1,1866. Lease rental 40 p. c. of gross earnings
Vt., to Maqiiau Bay, on Lake Champlain, 120 miles, aud branch from up to $7,000 per mile (except on coal, &c.), 30 per cent above $7,000
North Concord, Vt., to East Haveu, 11 miles; total, 131 miles. This was ami up to $14,000 per mile, and 20 per cent on any excess of $14,000^
the Portland A Ogdensburg, Vermont Division, reorganized under per mile. Interest and sinking fund $5,000 per year iruaranteed.
Common stock of Belleville A Southern Illinois is $430,000 and pre
present title in 1880. In September, 1890, $2,500,000 of 4 per cent
bonds were authorized to fund Heating debt, (which ou June 30, 1892, ferred $1,275,000, and dividends on preferred stock have been— 4k} in
4
amounted to $ l , 1 8 s,l 10 net, aud for other purposes, butnouehad been 1881; 5*2 in 1882 ; 6 A iu 1883 ; 5 ^ in 1884 ; 5 in 1885 ; 5 in 1886 ; 6 \
issued up to March 1, 1892. Operated by Boston & Maiue, which on in 1887; 6% in 1888 and 1889: in 1890. 8*s ; in 1891. 8*53; in 1892, 8.
The B e lle v ille <• CarondeleA is leased for 983 years from June 1,1883,.
£
Oct. 1,1892, owued $510,000 bonds.
Iu year ending June 30, 1892,
gross earnings were $391,468; deficit. $13,511: interest. A c.,$19,573; at a rental of $30,000 per year, which is a guarantee of interest on the
deficit, $63,084. Total deficit to Juno 30, 1892, $521,178.
(V. 51, p. bonds, the stock of $500,000 being owned by the St. L. Alt. A T. H.
The B e lle v ille & E ld o r a d o ifr leased for 985 years from July 1,1880,.
■
St. J o n e p li 6c G r a n d I n l a n d . — (S ee M a p o f U n io n P a c i f i c . ) — at a rental of 30 per cent of the gross earnings, but $15,400 per year
guaranteed. Stock, $1,000,000; par, $100. The St. Louis Southern
LINE o f R o a d —St. Joseph, Mo., to Grand Island, Neb., 252 miles; Kan
Railroad (including 'J a rb o a d a e <£ S 'la w u e e to w n t is leased for 980 years
s a s City A Omaha Railroad, Stromsburg to Alma, 151 miles, and McCool
Junction to Kansas City A Omaha Junction. 44 miles; total, 447 miles. for 30 per ceut of gross earnings, minimum to be $32,000, and interest
on bonds being guaranteed to that extent. Stock $500,000 (par $100),
H is t o r y , G u a r a n t y , E t c .—Successor of the St. Joseph A West., sold listed in N ew York in December. 1892. Dividend of 5 per cent was
in foreclosure iu 1885. Operated by the Uuion Pacific, which owns paid for year 1891-92, when rental amounted to $75,384. The Chicago
$2,301,500 of the $4,600,006 stock (par, $100), and guarantees the in St. L a m s if P a d u c a h R o a d is leased for 978 years from March, 1888, at
terest on the first mort gage bonds. July 1,1892. first mortgage bonds 30 per cent of gross earnings, with guarantee of principal, and rental
of constituent companies outstanding amounted to $20,005 aud second to pay first mortgage interest. (V. 47, p. 801.) The first mortgage
mortgage bonds to $22,409.
bonds ou this road are redeemable after September 1,1892, at 105.
In Jaumiry, 1892, a ucw adjustment was made with Union Pacific by
A n n u a l R e p o r t .—F iscal year ends Dec, 31. A n n ual meeting is held
which $35,000 is deposited monthly for interest on the 1st mortgage
bonds, and the St. Joseph A Grand Is’aud is not responsible for more at St. Louis first Monday in June. Report for *1891 in V. 54, p. 720.
Y e a r e n d in g Dec. 31.
1889.
1890.
1891.
1892.
than half the interest on the Kansas City A Omaha bonds. In June.
1892. all but $150,000 of the $1,679.Oou of the iucome bonds had Gross warnings.................$1,110,426 $1,336,910 $1,435,624 $1,531,861
assented to the agreement with the Union Pacific under which counon Net earning.....................
461,748
527,767
580,956
586,079
due July 1,1890. was to be paid. (V. 54, p. 79, 965.)
Rentals p aid ....................
332,095
362,149
393,911
417,282
K ansas C it y A O m a h a bonds have interest guaranteed by St
N et revenue............... $129,653
$165,618 $187,045 $168,797
Joseph A Grand Island and Union Pacific under a perpetual agreement
452,729 *440,412
"368,135 *351,573
for operating the road. The Uuion Pacific owus $1,182,500 bouds aud Add rental main line, etc.
$1,595,500 of the $4,410,000 stock of the Kansas City A Omaha
Total net receipts....
$582,3H2 $606,030 $555,180 $520,370
and S t Josenh A Grand Island owus $1,822,500 stock.
523,078
479.608
469,000
469,000
E arnings . From Jan. 1 to Jan. 31, 1893 (1 month), gross eamincs Interest, f unded debt, etc.
were $115,967. against $96,613 in 1892; net, $47,383, against $41 - Balance, s u r p lu s ...........
$59,304
$126,422
$86,180
$51,370
5*2. 1 1 1* 5,“ trro8K eHratotfs, including Kansas City A Omaha, $1.2 6 6 ’1
$40,000 $136,388 $161,505 $142,279
699 ; net. $467,813. In 1891 gross, $983,663 ; net. $252,761; total net N ew eq’pt. and bet’ments.
income (including amount received from Union Pacific under traffic
* Including interest on C. C. C. & St. Louis bonds in 1890,1891 and
agreement, etc.,) $424,835; interest on bonds, $420,000; corporate ex
penses. $3,725; due Kansas C n y A Omaha under traffic agreement 1892.
- ( V . 52, p. 42, 81, 351, 499, 7 1 7 ; Y. 54, p. 524, 7 2 0 .)
fe s ® .
8 t.
BT. P A U L .)
?fr&$?!£?7 1 1 9 Bo 8 *12 3 9 - ,1 8 0 r 8
5 -5 1
A l t o n & S p r i n g f i e l d . — (See S t . L o u i s
C h ic a g o
&
S t. L o u i s A r k a n s a s 6c T e x a s . — See St . L o u is South w estern ;.
St. L o u i s 6c C a i r o . —Owns Cairo to East St. Louis and branch, 161
miles. The form er Cairo A St. Louis made default A p ril 1,1874, aud
EAILROAti STOCKS AND
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138
INVESTORS’
SUPPLEMENT.
IV O U L.V I,
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Honda — Prlnol
IN T E R E S T OR D IV ID E N D S .
R A IL R O A D S .
Miles Date Size, or
pal, When Due.
Amount
Par
of
of
I or explanation of column headings, Sec., see notes
Outstanding Rate per When Where Payable, and by Stocks— Last
Cent. Payable
Whom.
Road. Bonds Value.
Dividend.
on first page of tables.
S t. L o u is A lto n d T e r r e H a u te —( C o n c lu d e d .)—
L e a s e d L in k s .
Belle. < So. n i.—1st M. (int.guar.) s. f., not dr’n.c*
fc
Belleville < Carondelet, 1st M.,Bello.toE.Caron.o'1
fe
BeUeville & El Dorado— 1st (iut’est guaranteed) c*
Bt Louie Southern—1st mort., gold, lilt. guar. ,e*
2d mortgage, income, lion-cumulative ...........c*
Carbondale Sc Shawneet’n 1st M., g..int, guar.c*
Chic. St.L.A Paducah 1st M., g.,rod at 105 guar.c*
56
16
50
50
31
31
17
53
1866
1883
1880
1880
1886
1886
1887
1887
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
$1,015,000
485,000
220,000
330,000
550,000
525,000
250,000
1,000,000
1,000
53 1887
2d mortgage, gold, income (uon-cumulative).c*
St. L o u is d C a ir o — 1st M., gold, int. guar. M. & O..C 161 1886 500 &c.
1880-5 1,000
SI. L o n . Cape G ira rtV n
F t. S m ith —Old div, bonds
102 1888
1,000
Cape Girardeau S.W. consol, mortgage......... gold
1,000
65 1890
Arkansas Extension 1 st mortgage, g o ld .. .c*&r
1892
1,000
87
S t.L(/ u is C h ic a g o d St. P a u l. —1st m.,$ 1,250,000 g.c
1,000
21 1891
St. L o u is R e n n e tt d S o u th e rn . —1st mort., gold. ..c*
1890 500 &c.
St. L o u is M e rc h a n ts ' B r id g e T e r m in a l. — 1st mort. .c
1,000
Merch. Bridge 1st M., red.after F eb.l, 1909, at 110 . ... 1889
S t. L . d S a n F r a t i,— See Atchison T. & 8. Fo system.
100
St. L o u is Southw esfe m — Common stock..................
100
Preferred stock (5 per cent non-cumulative).......
1,000
1st mort. certificates, $16,500 p. m., gold....... c* 1,222 1890
2d M. income cert., $10,000,000,non-cum.,gold.c’r 1,222 1890 500 &c.
1891 various
Car trusts July 1, 1892 ........................................
1,000
158 1867
St. L o u is V a n . d T e n 'e H .— 1st M., guar. s.f. not dr.c*
1,000
2d mort.. sink, fund, not dr’n ($1,600,000 guar.).c* 158 1868
100
fit. P a u l d D u lu th ,— Common stock.........................
. ...
__
100
Pref. 7 per cent stock and scrip subj. to call at par
167 1881
l.ooo
1 st mortgage..................................................... c*
1,000
2d mortgage.......................................................c*
167 1887
1,000
Taylor’s Falls & Lake Sup., 1st M. gu., 8. f. not dr.c*
21 1884
was sold in foreclosure July, 1881. Stock is $6,500,000. In January,
1886. a lease was negotiated till January 1,1931, to the Mobile & Ohio
K S. on the basis of a rental o f 25 per cent of 150-640ths of the gross
revenue o f the whole line, Mobile to St. Louis, this rental being guaran
teed by the lessee to amount to $165,000 per year. In year ending June
30, 1891, gross, $806,679; net, $177,424 (against $159,939 in 1889-90);
rental to St. Louis & Cairo, $191,914. Rentals in 1891-92, $185,790.
St. Iro n Is C a p e G l r a r d e a n Sc F o r t S m it h .—("See Map.,)—Owns
from Cape Girardeau, Mo., to Hunter, Mo., 94 m iles; leases branch to
Zalina, 9 m iles; total operated, 103 miles. Successor to the Cape Girar
deau Southwestern; name changed in May, 1891. On March 4,1893,
Louis Houck, President of the company, was appointed receiver pending
a reorganization. See V. 56, p. 465. Stock authorized, $2,000,000; out
standing, $1,150,000; par, $100. A general mortgage for $7,500,000 is
authorized, o f which $1,325,000 is to retire underlyingissues at maturity
and balance for construction of new road at not over $15,000 per mile,
and fo r improvements upon present line at not over $3,000 per mile.
None o f this issue had been put out prior to Dec. 10,1892. There are
also outstanding $150,000 7 per cent incomes. In 1891 gross earn
ings, $174,612 ; net, $80,847. In 1890 gross, $165,807; net, $85,677;
Receiver, Louis Houck, Cape. Girardeau, Mo. (V. 54, p. 4 41 ; V. 56, p.
465.)
St. G o n ls C h i c a g o & S t. P a u l . — R o ad —Owns from Bates, 111.,
to Alton, 111., 87 miles; uses Wabash tracks to Springfield, 13 miles;
I t is proposed to have the road completed from Bates to Springfield, and
from Alton to East St. Louis, making 120 miles in all, by Dec. 1, 1892.
Successor to the St. Louis Alton A Springfield, sold in foreclosure July
9, 1892. Sto c k authorized and outstanding, $2,000,000—par $100.
B onds —The new mortgage (trustee Atlantic Trust Co.) provides for
building the above-mentioned extensions, and covers all the road, its
equipment and terminals. E aknino s —In year 1890-91 gross earnings
of old St. L. Alt. & Spring were $108,480; net, $7,131; interest, $7,220;
taxes, $6,098; miscellaneous, $9,930. (V. 54, p. 204, 924; V. 55, p.
100.) Post, Martin & Co., 45 Wall Street, N. Y. Fiscal Agent.
S t. L o u i s I r o n M o u n t a i n & S o u t h e r n . —See M isso uri P a c if ic .
S t. L o u t s M e r c h a n t s ’ B r i d g e T e r m i n a l . —This company
has under construction a double-track railroad in the city of
St. Louis, extending from near the Union Depot on 12th Street, v ia Main
Street, H all Street, &c , to Ferry Street opposite the Merchants' Bridge
•etc. It leases the Merchants’ Bridge, agreeing to pay the interest on the
Bridge Co’ s $2,000,000 bonds; it owns and controls the Electric City &
UlinoiB RR., connecting the town o f Madison and East St. Louis; and
leases the Venice & Carondelet Belt RR., which forms an outside belt
around East St. Louis. Extensive yards and terminal facilities w ill be
maintained in St. Louis and East St. Louis. The mortgage of 1890 is
for $3,500,000 to the St. Louis Trust Company, and covers all the
property of the company. Both issues of bonds are subject to call
after 20 years at 110 and interest. In March, 1893, it was reported
th at a new depot to cost $500,000 or more would be built in St. Louis,
at junction of Broadway and Third street, by parties interested iu the
Merchants’ Bridge Terminal. See V. 56, p. 414. Stock authorized,
$3,500,000; par, $100. General office, St. Louis, Mo. C. C. Rainwater,
President.
S t. L o u i s Sc S a n F r a n c i s c o . —See A tchison T o p e k a & Sa n t a F e .
St. L o u i s S o u t h w e s t e r n . — Road extends from Bird’s Point, Mo.,
opposite Cairo, 111., to Texarkana, Tex., 418 miles, and thence by
the Texas road to Gatesville, 305 m iles; total, main line, 723 m iles;
branches, Mt. Pleasant to Sherman, 110 m iles; Tyler to Lufkin (narrow,
gauge), 87 miles; Corsicana to Hillsboro, Tex., 40 miles; Commerce to
F o rt Worth, 97 miles; Lewisville, Ark., to Shreveport, La., 60 miles;
Altlieim er to Little Rock, Ark., 42 miles; Malden, Mo., to Delta, 51
m iles; other branches, 12 m iles; total, July, 1892,1,222 miles
O r g a n iz at io n .—Successor to the St. Louis Arkansas Sc Texas, whose
road was sold in foreclosure iu October, 1890, the same property having
been previously foreclosed iu 1885-86 See plan of reorganization in
C h ro n icle , V. 50, pp. 141 and 561.
The organization consists of three co.-.n rations.—the St. Louis South
western Railway Co., the St. Louis Southwestern Railway Co. of Texas
and the T yler Southeastern.
B onds.—The first mortgage certificates are issued against a like
amount of first, mortgage bonds secured upon these lines at a rate not
exceeding $16,500 per mile, and the second mortgage certificates
against second mortgage bonds at $8,250 per mile.
•
The new incomes w ill receive from January 1,1891, such interest,
payable semi-annually, not exceeding 4 per cent per annum, as can he
paid out of net earnings of the railways during the preceding fiscal
year, after payment of operating expenses, repairs, renewals, replace
ments, taxes, insurance and interest, on prior liens. The issue of these
certificates may he increased up to $10,000,000, subject to restrictions
in the mortgages. Bills payable wore $270,261 July 1, 1892.
E arnings .—From July 1, 1892, to Jail. 31, 1893 (7 months), gross
earnings were $3,117.605, against $3,034,586; net, $709,241, aglinst
$726,863.
ANN UAL R epo rt .—Fiscal year ends June 30. Annual meeting is lield
at Texarkana. Texas, on the Monday preceding first Wednesday in May.
R eport for 1891-92 was in V. 55, p. 587, showing earnings as follows,
the road having been in the hands of the receivor until May 20,1891.
In the operating expenses are included in 1890-91 S I,089.100 for bet
terment*, against $129,267 in 1891-92.
1,000,000
4,000,000
1 1 1 ,0 0 0
889,000
175,000
750,000
180,000
<?
)
2,000,000
8
6
7
6
4 g.
5
4 g.
5
5
4
6
6
6
6
6
5
6
g.
g.
g.
g.
g.
gg.
g.
A. & o.
j . & D.
J. & J.
F. & A.
M. & S.
M. & s.
M. & s.
.
M. & s.
M. & s.
J. & J.
M. & s.
M. & s.
J. & J.
M. & 8.
F. & A.
A. & O.
N. Y., State Trust Co.
do
do
do
do
Pd.in ’91,coup. Feb.,’80
N . Y., State Trust Co.
do
do
do
do
do
do
Paid 2 p. c. Mar., 1892.
N. Y., Farm. L. & Tr. Co.
In default.
In default.
N. Y . Atlantic Trt. Co.
N. Y., Cent. Tr.& St. Louis
N .Y .,F ’rs L.&Tr. & St.L.
F. & A. N. Y., Farm. L. & Tr. Co.
Oot. 1, 1896
June 1, 1923
July 1, 1910
Aug. 1, 1920
Sept. 1, 1931
Sept 1, 1931
Mch. 1, 1932
Sept. 1, 1917
Sept. 1, 1917
Jau. 1, 1931
Sep. 1900-1-2-5
S ep t 1, 1908
Jan., 1910
Sept. 1, 1912
Feb. 1, 1921
O c t 1, 1930
Feb. 1, 1929
16,509,000
20,000,000
20,000,000
4 g.
8,000,000
521,688
1,899,000
7
2,600,000
7
4,660,207 See text.
4,962,210 See text.
1,000,000
2,000,000
210,000
5
5
6
M. & N. N. Y., Central Trust Co.
J. & j . A fte r ’90, when earned.
various N. Y.,Central Trust Co.
J. & J. N. Y., Central Trust Co.
M. & N.
do
do
N. Y., Of., 32 Nassau St.
M. & S.
do
do
F. & A.
do
do
A. & 0.
do
do
J. & J .
do
do
Nov.
Nov.
1893
Jan.
M ay
July
Mar.
Aug.
Oct
Jan,
1. 1989
1, 1989
to 1898
1, 1897
1, 1898
5, 1887
1, 1893
1, 1931
1, 1917
1, 1914
1890-91.
$4,323,656
4,849,654
Gross earnings.......
Operating expenses.
N et earnings.
Total net, inch other incom e...... .......
Taxes
.............................................
Interest on bonds................................
Rentals, e tc ........................................
1891-92.
$4,636,461
3,824,294
def.$525,998
$812,167
$937,268
107,326
800,000
10,248
Balance, surplus...........................
—(V. 54, p. 34, 846; V. 55, p. 463, 5 87 .
$19,694
St. L o u i s V a n d a l i a & T e r r e H a .u te ,—(See Map Pittsburg Cin
cinnati Chicago d St. Louis.)—Owns from East St. Louis to Indiana
State line, 158 miles.
Or g a n iz a t io n , L ease , E tc .—Road opened July 1,1870. Leased to the
Terre Haute & Indianap. RR. (for account of itself and the Pitts. Cinci qnati Chicago & St. Louis RR.) at a rental of 30 per cent of gross earn
ings, the profits and losses being divided between the lessees in the
proportion of five-sevenths to the Pittsburg Cin. Chic. & St. Louis and
two sevenths to the Terre Haute & Indianapolis. The U. S. Supreme
Court in May, 1892, upheld the lease. V. 54, p. 846. Due by T. H . &
I. Dec. 31, 1892, $152,495.
Ca p it a l Sto c k .—Stock, $2,379,358 common and $1,544,700 o f 7
per cent cumulative p re f.; par $100. The Terre Haute & Indian
apolis owns $326,000 preferred and $500,000 common stock, the Penn
sylvania RR. $837,000 preferred and $225,000 2d mort. unguaranteed
7s, and the Pennsylvania Company, July 1, 1891, $1,350,000 common
and $381,700 preferred. In October, 1891, the back dividends on the
preferred were paid for 1879 and 1880. In April, 1892, for 1881 and
1882, and in October, 1892, for 1883 and 1884, payments resulting
settlement with lessee.
B onds an d G u a r a n t y .— The first mortgage and $1,600,000 of sec
ond mortgage bonds are endorsed by the lessees, and also by the
Pittsburg Cincinnati & St. Louis (now the Pittsburg Cincinnati Chicago
& St. Louis R R.), with an agreement to purchase the bond and its
coupons as they mature, if not paid by the Vandalia. On Jan. 1,1893,
notes payable were $200,000.
E ar n in g s .—In year ending Oct. 31, 1892, gross $1,869,966; net,
$598,596; rental to St. L. V. & T. H., $560,999; expenses, $64,784; net,
$496,215; total net, including other income, $523,163; interest paid,
$314,930; balance, surplus, $208,233. General surplus Oot. 31,
1891, $531,417; dividends on pref., $432,516; general surplus Oct.
31, 1892, $307,134. Profit to lessee in 1889-90, $100,466 ; in 1890 91,
$62,430; in 1891-92, $37,598. (V. 54, p. 286; V. 56, p. 460.)
St. P a u l & D u l u t l i . —Owns from St. Paul, Minn., to Duluth, Minn
155 miles; branches to Cloquet, Grantsburg and Sandstone, 28 miles;
leases—Stillwater & St. Paul Railroad, 13 m iles; Minneapolis & Duluth
Railroad, 13 m iles; Taylor’ s Falls & Lake Superior, 20 m iles; Duluth
Short Line, Thompson to Duluth, 18 m iles; other, 3 m iles; total, 248
miles. Second track, 17 miles, July 1, 1892. Between North Paciflo
Junction & Duluth, 24 miles, road is owned join tly with the Nor. Pacific.
H is t o r y .—Sold in foreclosure M ay 1,1877, and reorganized.
Ca p it a l Sto c k .—From the earnings o f the railroad the preferred
stock has a prior right to 7 per cent yearly, then common to 6 per
cent, any surplus going to retirement o f preferred. The preferred
stock is also received in payment for lands at par, and is entitled to
receive from land sales any part o f its 7 per cent dividend yearly for
which railroad earnings do not suffice. A ll surplus land sales not
used fo r dividends on the preferred stock go to the retirement o f that
stock at or below par, the preferred stock being subject to call at par
when drawn b y lot, i f not purchasable below par in the open market.
In December, 1891. $182,000 preferred was purchased and retired
from land sales, and in Sepember, 1892, $226,600 was drawn by lot
and redeemed at par. Three shares of common stock have one vote,
and each share o f preferred has one vote.
D iv id e n d s .—On common stock: In 1887, 3 and 15 in common stock;
in 1888 and since, nil. Dividends on preferred since 1880: In 1881,10
stock ; in 1882, 3 ^ in cash; in 1883, 7 ; in 1884, 3 ^ and 7 in preferred
stock; from 1885 to 1888, 7; in 1889, 5 ^ ; in 1890, 6 ^ ; in 1891,
March, 2^3; Sept., 4%; in 1892, March, 3 ^ ; Sept., 3 ^; in 1893, March, 3*2.
L ands .—The company has a land grant, of which 1,104,144 acres re
mained unsold June 30, 1892, and 61,455 acres of the Taylor’s Falls
branch grant. In year 1891-92 sales from company’s grant were
5,670 acres for $36,894, and gross cash receipts were $149,290 (of
which $95,645 from stumpage); net cash receipts, $128,756.
E ar n in g s .—July 1,1892, to Jan. 31, 1893 (7 months), gross $1,409,318, against $1,203,028 in 1891-92; net, $569,775, against $486,445.
A n n u a l R e po rt .—Fiscal year ends June 30. Annual meeting at St.
Paul second Thursday in October. Report for 1891-92 in V. 55, p. 677.
1889-90.
1890-91.
1891-92.
Gross earnings............................ $1,410,527
$1,621,939 $1,934,510
Operating expenses and taxes ... 1,017,458
1,071,192
1,291,586
Net earnings...........................
Total net income...................
$393,069
$415,566
$550,747
$575,893
$642,924
$678,987
RAILROAD STOCKS AND
H a rc b , 1893.J
BONDS.
139
PvOCKlilOU
Mbberly
.itchfli
Bo!coir
m
'&allf
\ />'
Independence \
■PjhM
esent
YatmHa
P a c lfle ^ 'P o ’
♦ S '* •
JEFFERSO N CirtpN
W ersm&I
'^M^ernon
iarnett.
Im A m t
-Bolivar
pSfeW
t
E M '® " '®
‘arboudale c
tpSM
VsaortoJ
jbanoa
IrouJflll
^ 9 jr k o
ISifro" '*“
•
Urds V tM
.l«pUu
VrFuitoR
jJ
^ » / Sal|.i»»r S p “
M
pCtSMesm
M »M M O U T M S P R S .-V
Y Y
,
Kno^elj
wmiftra
iU N t * * *
7.
\
1
Glbt •
\
“ Tahi-ini^
j
Newport!
B*!4 K a .* 5
Ft, Smilf
i»©e*L
LiTTtE ROCK.
'iarastlW
AltMftF
“ k» Hmmm
m
U rn u m # -
AfiaeMpfcl
Atwrd
MuWon^
We»< Ptttini
\
Hamburg
_ r££ .uafKVsTc..<^_
Winona
Grr»n»<
■iLeiftii'-l.-
.UOIIIB*
ywk
B»*iro|i
MrridlAI
Co!um!>lf
Jarktos V.
SateMtwhei
Trinity
NATCHEZ
Broo^liarrn
EllUviHr
uirhwmmr-
Jewess
R«ttentre«s
Magnolia
Baaorrilkr
L vSv x
^
\ Waging i«im
»
La Fayette'
Ttr.rt AIS
. f<
4 Slaughter
ft
'b a t o n
ROUGE
St^Martlns V;
Trfbcw!
HO USTdN
iSfebnij
Houma
|S T . LOUIS CAPE GIRARDEAU^
•ft
F O R T * S M IT H
RAILW AY A CONNECTIONS.
| jg
Covington
Pearl
Elver
.
^pktlucab Jc.
Riv<«
130
INVESTORS’ SUPPLEMENT.
1V o l . L V I ,
RAILROAD
March. IK -3]
stocks
and
bonds,
131
£n few f i b e r * i r f l l c o n f e r a s r e a l f a f o r bj- i l Y f n g Im m e d ia t e n e t le e o f a n y e r r o r d b e n v e n - i) In th eN e T a b l e * .
R AILRO AD S.
Miles Date Size, or
Amount
For explanation or column headings, Ac., see notes
of
of
Par
Ko.ii! Bonds Value. Outstanding
on llrst page o f tables.
®. F old «t Duluth—tCom-1tided.
Duluth Short L. 1st >1. guar.,ouin.,s.f. not .Ir'n.c*
Stillwater A St. Paul 1st murt, «r. (not guar).......
SI. F u a t SI in n . <t J/a»t/o6a—-See Great Northern—
St. Fa,d , .Vo. (oW de—8to<k($lO.OOO.OOlhautImriPrt
Western RE. Minn. IstM . KB. cm etwl by sen. M.
General uiurtg., guar., land gr, i f 10.000,900).c 'i r
Sow <1
„l. a A m „xa* /’« « * —Stack................ ...........
le t M. for $-21.000.000 s.,smar. p, & L lend.). f'A ri
Sandusky & Cnlamha* Stuart Lin e.—SDK C o ix y fu :< Xttleen'k—Rt-orgum/a-d stock]
6
1st M. .hit. gn. under lease byB.A O.anrt Ceut-O. ,.o*
Sad h ;t„cisc„ .£ S oritu rn Fmeiiie.—sto ck ...___ ..1
■
l « t M art, sold ($4,500,000), t. red. at llO .V A -j
Santa F t (V-jt.rf PAorulx~] at M „ $25.0<K> p.in..gas*Ar,
BaouuHuh A mrric-ut& Vannjmocru—S to ck .............
Aim-rieus* Preston St LumpHn 1st mortgage#____|
Omcol. mot t . $1. lOO.OOO.goid. $12,000 per utik'.o'
Alb, Phir.-V> or. l * t M „ $o]d,$12.0nu p. m-.gnar.c*
Montgomery Tertulual Co. Jet m om. gold, guar.e
Sarutu.„h Florida A llVitem—stock.................... .
Atlantic A Gulf w a s .!, mortgage................ , „ o *
So. Hu. A n or., le t Ms., end by State o f Georg1a.iT
2d mortgage.................. .........................._____ P
8av.FJa.4t West.....m-LM. ($6.500,000)jrold.r*Jtr
Mnottrelln eat tension tamiU................................
Brunswick A W. le t M. Brno*, to Albany, g. gu.e*
25
1880 $1,000
1S70 500 Ae,
12
184
60 h)
182
100
1,000
1,000
300
1,000
1877
18S3
.....
$500,000
248,500
Rental* paid...............................
$#•_'.<« * i
Interest mt bonds........................
150,000
D ividend*................................. (21,} 134.117
Mueell.vueo.1* .............
20.912
1090-91.
$93,540
150,000
(61 -1 ,7 J
* )3 8 P
3 ,9 0
10
5
7
M. & S. X. T ., Of., 32 Nassau St, Sept. 1, 1916
J. & D.
do
do
Deo. 1, 1900
6,250.000 6 per an Q.—F. N. Y., Offioe, 35 Wall St. Feb.. 1893
438,000
M. & X.
7
do
do
May 1, 1907
7.085.000
do
do
6 g. See ram.
Feb. l . 1923
4.800,000
4 g. J. & J.
N. Y „ 23 Broad St.
(1)
i
Jan." 1,'1943
688
1893
3haw SEE & H ock in G.
1KJ
....
.">
0
1.068.832 :
116 1869
l.o o o
2,300,000 i
100
6,000,000 !
1889
io s
1,000
4.100,000 i
1>92
1,000
Hi
1
100
1,614.200
250,000
11885-6
500
1
1,000
3,350(006
1,000
35 1 1890
420,000
. 189*2
1
1,000
•208,(XK)
6.103, tot) i
100
347 1807 500 Ac.
1,780,000
58 1 1809
1.000
464,000
1 ,000
58 ! 1««®
200,000 I
545 i 1884
1,000
i,0S*:,,r,t. f
j 1889
290,J
h*t
171 18-88 ZOO AC,
3,'/P,,i*0<i J
Ino one b«uil«. tura-cmimltiUvc............„ ...... i
. ,000
1898
3,0*8 ,O00
Satan,.aA * Western—Coluinb. A West.let M-.gu,tr
1 IS dl i 1,000
800,000 j
|
1 klMiLUit
A m j lit* a — j f f i l l cl*
IN T LK E S T UR UIVIDKM JS.
.
pal , W
hen Due.
ate per When Where Payable,and by, Stocks—1
.aet
Cent. Payable
Whom.
, Dividend.
i text. Feb.
7
J. A
Moss N. Bit., Sand’kv, O. Feb. 1, 1898
N. Y., Union Trust Co Jan. 1, 1909
5 g. .T. A
5 { . M, A
N.Y.,4«W alLA Fr’nk'frt Jan." 1," i n i 9
N. Y.,M ereantlle Ir.C o. Sept. 1, 1942
7
J. A J. N.Y..Nnt.P'kB'kAAm er
6 g. J. A J. Balt. Mere. 17. A Aiucr.
6 g. J. A J. Balt-Mere.Tr.ADep.Co.
6 g.
M. A S.
do
do
> t e x t , ......
N. Y, H . B, Plant.
7
.J. A J. N .Y ..n .B ,l’htnt.A8uvao
7
M. A N.
do
do
7
>1. A N. N.Y..H.B.Plant ASavan
0 g.
A. A V.
do
do
6
A. A O.
do
do
4 g. J. A J. N.Y.,12 W.23d8t.ASav.
5
......
None potrt.
6
J. A J.; July ,’02, coup, last paid.
1905"A” i906
July 1, 1919
July 1, 1920
Meh. 1, 1932
Apr, 1, 1802
July 1, 1897
May 1, 1899
May 1, 1899
Apr. 1, 1934
Apr. 1, 1899
Jan, 1. 1938
Irredeemable.
Jan. 1, 1911
I
189*-92 i 8 i,n tu J'<- P T M e o lt A
$ “ *.49, I (ton from Ash For* on the
15O.0OO , Phoenix, Atitutm, about
(8) 423.001 Uere* utile Trust Co.. New
P h o e n i x . —Projected and under construe
Atlantic A . act tie Railroad, via Prescott to
200 tulle#. Mortgage is for $5,000,000—
York, trustee. A 30-year contract with the
G9.304 ■ Atchison Topeka A Santa Fe provides for paym ent of an arb itrary 5
——--------- per cent or the gross earning* o f the entire Sautu Fo system o f railroad*
Total payment*..... ......... .
$393,032
$024,197
$ .38.892 , Upon all business lute rr banged with 8. F. P. A P. Rv. to the tatstee o f
Hal, from UK. operation*.......*ur.$22,53 i def.fl0.3D t defJ$ >9.900 |toe llrst tunrtgtge bonds, to be applied to the payment o f luterest
•.49,546
3.207 accruing. (V. 55. p. 5iK)}.
Ent, fro to u p g a dla d
r s* n B n a e n n *.
12
9 .sin
0 a v a « i « t t h A i n e r l r u n Sc
o m t r o m e r v O m s from h y o m
Balance ...... .................. ..»nr.$2l5.3$2 *ttr.«201,242 au K flAJW l
west to MriUKimiery, Ala., 208 iinle«, and .A, F. Sc K- ( V . 53, p 157. 507; V. 51, p. 276; V. 55. p, 077.)
Railroad from Ccmlele to Albany, Ga„. 38
total o iw u te a 300
h i. P a u l v t i a n r a p o l U A M a n i t o b a . —r e * Oto: vr Nojtruiuts.
An ext<»0Afoik from Omaha to Montgomery, Ala., so miles, was
St.
Sc *i*»rtH **rn F a v l f l r , —?,n Map vm h tm P a H ttc)~ K (*A Z> ! 'd«*mVHn April* 1832. See V. 31f p. 08>$
L Coder a trsilHc emilmet irltli
Braiherd to St. Raul, M S mile.-*: R iffle ta il* to
M1U-, :u I
Hallt^twi at Oeor*rla* wl»i«U op era tee the Savannah * Western,
total, 1HZ miier*. tjw n- terminal- in
on 20 a a - , mwl ! thnoiith p
m d fndicht trains are rim via the Central, the a A
» ’' « « 400 Item* alwe.it .0R Paul and >Uwii»o4|w*ii*. T it« h m d rm s ita .S l,«7 i :
iu i* ilSH! between Savaotiiiii, G&„ and .Mont corner v, Ala.
***** otwiifl A«iOiwt 1 .1002.) tetietweeu Ural nerd and Hank Rapiilw; pn»- : „H is T o # y ,—T hb w ** formerly the Arnwneu* Frtwiou & Uimpkln. In
Umtw are hr^t apf»ii$wi to porvlm-e of WewUsm MiniiifayeUii s ^ov. *»twr» lsil2 . S II. Hawkins and T. E. Hniuldeton were appointed
toomU, Umu u> Keuend mortspi^e at 120 or under.
i receiver*, m the C4*mpany vem 1 neneiaDy emharm***d . A ll bond1
L * a «R~ ¥mrmprt*~~h*m*9& forOOO year* to the Northern Pacide at a I
ar^ u^ e4 U> iUT * :\ l
Co o f Haiti
net rental w,u»l to 40 ;s.-r rant uf the gra„. rradpu. but any ...rpius ,
- lwn,1,“ g rrargHniiati..ti. (V. 55, p. 927,1030; V 56 p. 280, 465.)
0« w « ' f rra ,a .H i «t..K* w.vs divided ,-,|Uaily betwmeu
»u>l tee-s-c. ' BoXt>«.—The txinsnlhUb-d mortgage Is for $1,100,000 (Mercantile
Ob April to, 1893, the Northern Pueifte
-*,|d»-s vote Oil j>n>;>-'-!- j Trust (smijwmy o f B»itb!i'*rv‘. trustee), and is a ttrst lieu excep t on 38
tmn to sell «a * S. F/* hoblmrs of 61. P. A N. P. stock #n>l to ..n cn t
mile*, upon whiei> there are outstanding $200,000 old (irsi wot tgaga
lease s-> to o t said stock w ill be guaranteed a fixed dividend o f « per ! iwnd*. to retire which a like amount » f consol* i* denusMod in trust,
rant for two y» ar* amt 7 per cent tiicrea/ter. an l all trio net earning* C ar trust* and note* July, tain}, $541,455 tluoludliig Intcrust), duo
of the rem0,»ft.-T paying ttxed ch a rge-and guur-jwaterai dividend, *haB |W»,rlv 1WS to 1898, pavabl* in monthly Instalment*. The consol,
be retained by the te*««®. See l , 56. p. 289.
| hotWaaru listed on N. V and Balt. Stock Exchanges. (V. 54, p. 120.)
Bonus.—The bond* are $narai>teed by Northern PadSe. Interest o n ' K u ts is o a .—From July l. 1802. to Oct. 31, 1892 (4 months), grass
eoujcu tMiadeto payable F. A A.; on ragisterad bonds, H — F ,
$184,452
net, *71,082,against
and*, u . - F .
j emjangs were $199,209, against $181,452 in 1891; net. *71,002,tumiiMt
eanung* w w $190,260.
- *180,700; STttcK,—Tito stock o f $6,250,000 la all owned bv Northern Pacific k$77,304. It; Je-ar 1801-92 ........ — » « » » - -net, - .....— - -intermit on
'
r“ ------ ------- * gross, *500,823;
l
3
*5 $136,800 In 1890-01 earning* on 175 miles, $101,499; net,
hut >en ob.iv-. DtviiUrnrt- (ram 1993 to Fob.. 1893. Inclusive 0 per cent !
sr annum, and In 1891 by division o f surplus H i « rant extra.
*.UsmtiK—ttt year ending June 30. ISiej. grass, $2,2«0,41tS. a g o , 270, 084.1048; V. 55, p. 027; V . 50, p. 280.)
S a v a titu .il F l o r i d a A W e s t e r n , —Owns from Savannah, fin... Us
S
d
'
^
(
l
!
^ • ° " ‘ t038
,89u91 Chattahoochee, Fla., 258 miles; 3 branches to Ba!abridge, As., f e ntll**.
ttmn A n t o n i o A A r s i i n ,
J f « p , - 0 » r o . from Kcm -lltc Dupont to Ouiuesvflp, 118 miles; Thouinaville to Albativ, 58 mile*m Houston, 309 mile*; Kenedy to Corpwt Chri.tl, T*x., 90 mile*-, Tboma*vtUe. <% , to MontfecUo, Fla,, 24 tulle*; Wayera.w to iiwfesonvlBe,
Y «a k m « to Waco, 1,2 tullee; wlcMwore to Alice. 43 m ile*; dhincr to ,5 miles; Fort White. t » I^ k e city, Fla.. 20 miles; total. 5 (i» miles.
ls3okk*rt, 54 miles; branches. 22 miles; total. 89® miles.
The Plant system, o f which till* road Is the principal member, nnlto*
I f Is F ik y .—Reorganized In 1893. rnsnasement pa-sing to tho Booth t iianeisrmj- 0. (*,, wfllt M**ntannery, AIsi., et«5,, and up»?n oompictfon o f
a tUort connecting link under cou^f rnetlou will Inolinlo n throuxb lino
ern PttWWe Company. STOCK, -s to c k 1- *i,%<MKQOO. >•( whielt suntfaern
Fao. « » . nmetye-1 $f.0O0.O>.tJ <or gnaranteei sg bond!. Hovtw.—First to Ifimpa ati«l other Florida p*iiutm. Beahtea the 5 **1) mllea rlwcrlbwl
mungsge i» for $21,u< ().000 (trustee. Central i m m o.i. and tbodonth- shove, the system include* the Charleston a Bavatmnii, l :rA mi lee; tho
Wn Pssiii CumiMiuy, by endorsement on each ---- - - irte ...... ........ * bond guarantees uu I i.tr?‘ n o!clL
l,
l,V',, rTin' V .1 I1, '0* ' ltl° A la- MidUwd. '209 miles: the
,
1
conditions
natty "t h e pnnetaal partuent o f the primdiHtl and interest • ^ 'd 'h Finridu. 251 mi!.-*-, the Silver hpringo Ocala A Gulf, 75 m ile*;
7:
I.
• .- ;
! . ! - - e r e > f" r .-mil roil) putty. DTOOpt
Of tho$2i ,>>v,,.v*> suiiiummi, e> j , i w '.0--> wo* u-o.l In the raorgan.w « i a
ixattoa. rl.8OO.0U0 was to he applied t „ Imptuvemcnts and equipment Brunswick A Western. wlr>ae hoods are given above,] Thera aro alio
on present uideage *u 1 $2,700,000 la reserved for extrusion*, limited 1,277 milts* or »teatner line*. Including lines to Havana. Mobile, etc.
to 100 tulles at e2 ,000 per tulle, constructed an-1 equipped. New
G 0Aitx.vm e.~ In addition to gmtrnnteelngilm Bran*wick A Wektern
aeeumte* about ready.
1 rl
homt* above this company guarantees the principal and interest o f
certain bond* o f the Alabama Midland und Sliver curing* Ooula A
1 f o i e r n1ln* , “ n'f 3'*- » « 3 , crus. *1.597,808; net. G ulf -see tiiosc companies.
f
SI41,r>90.
In b e l li gTi>., *1.726,082; t.-r *.M ;.:i7u <V. 5 3 . p
,
: V,
, p.
.
. I b id ; V, l o l
9 3 1011
6
3
5
42 85
2 9
p itS,
. DiYlbKNIta.-rn 1891.9% per rant; In 1982, (Jig; In 1883. 7 ; in 1884
4; lit 1887.1%; In 1889, i; in 1801, 2; in 1892, April. 5.
IM «4 H > k 7 A C o lu m b u s a b o r t I d o e . —Sec COUlIiBVa 8ir.(WE a b k ik o a —From January 1 to June 30, 1892 <0 month*), gross
v%p* m HUciyii#.
earning* were *1,633.896; n e t-$581,0 18.
In
in 1890
W ^ ! l s ,,?v,t>VT!,*n Tne,dl,A: N e w a r k — Owns from Battdnsky. o .. to gras*.1901 gross earning*. $3.288,802; net, $1,111,133; $101,802.
>
$-1,038,473: net, $015,036: *iin»tn* after charges,
Rework. Ik . l i t l mile*. Leased to <A*litr«l Ohio, gtsurum.-.-d by Haiti
morn A Ulrto. Pel... 23. 1880, rill It, ,- 1. u»2«. v iu, ..pti.m to the Halt. A Total surplus January 1. 1891. $110.217; deduct dividend (2 p ercen t).
.
8 S “ K*-.H renew for terms o f 20 y r ;.rs eoeli. It l« .qwrat.-d a* Lake $131,040; thOauee, $8,271. (V. 51, p. 441; V. 56, p. 43.)
"i.V m .“ *** "“ » » * Dhlo system. ibutl-.I is $201,850.
B a v n tin a h A W e s t e r n . —Owns from Birmingham. Ala., to Atncr: '
• “ ■!
>
3:. - ,5
Ictts, On., 221 m iles; Columbus to Greenville (narmw guttgol, 49
-oV -'.1 'I’n -bm n e ‘T i T ,U ttnm i
3
1" ' T : ‘ nWBkito i b m ^ J T mUeTl Eufauin bToziirk.* TO m “ Meldrtw
....... ...
p ra
r ^ m r i i o u J u V iu lV *l .^1 S i/ | ? V lIi.l" 6
K iJ M * ™ : '!
It- lsPi-itv gn>«*, $I,0.J2.--O7; net, 8199.12*
j n ls-Mgrti
1O0.81H; t«-t. 235,359; profit to F-w-u, $3 3 ,7 11
'
'*
•*/
1
r.--» i •— trv- 1 ip i tt 4 * 7
, 3 gi*
*>™s» Co,. Nt-w York; sinking fund,
drawn .„t port
at- 110 and tut.
*7ti,0U(T * u,tt* ct v - 49- 0- J41-J Bond* canceled to July 1, 1892,
sir.T v
l
M * iIIm «2 0 ,4 1 4 .1' *
•
J« *892. to F b. 28
^
0 r" " n
..................
' ' ,7
«'-4 '»»>«*•
gr„ , « * , .
H isroR r.—This wn* ueonssilldntlmt in August. 1888.o f tlinColtlnibn*
' A We*bu-ti and etttrr rotbls. H belongs to the (lent, uf Oeurcfat system.
'T h e " i-iUm! went mm receiver** hunds in 189 2, ami the luterrast on
I'd paid. Interest on OaL A
dlton bonds Wit* dofaultod
proposed plan o f reurgunlzatton
1803(8 months), gro**
in 1891-92; m t. $218,090,
vro**
o, i w 't i i ; “ *6, $.11 i,429, against earning, .$880,472 against $832,618
3
.
, ,
,
2. i uet M II t '2 .gainst $288,185;
eluding $->■, n u t; („ siumnv iT,
1"i
"
! eharge*. inl
V. 55, u, 10A (7 5 i
“ ' * " * * '* - • • 1' ->.i, p, 1 8 « ; V. .>5, p, 2 1 4 ;
by tho Central of Georgia.
Bovi,*.—Consolidated tnorfgug.s (trustee. Central Trust Co.. N. Y.j, 1
#
for mm. tmlly s
i
„
r which $ 1 ,000.0 0 .> held In trust for prior
M*us: ubwraet of martgium In V, 40, p. 210; priuolpni and interest, Is
gu iranteed by Central HR. & Banking Co. of On. See default above.
Cnidrai nf f i n . m, July 1. 1892. owned $1,028,000 eonsols.
in May, 1*91, the reudlmtl mid nil the ;i >h> t* or the Chattanooga
Floruit A (-obiiiitm*, Clutttmuiogii to Cnrralli-ui. 138 mllos, ware purelmsort. BtidltB #2.24().0<Hi llrst, mortgage bomls gimnuiteed lie endorse," • * " * thereon; $15<MHK)0f tli-se bomls urn held to redeem the Rome
A Cur. Imnd* at maturity. The «took ot the ft. u, A a . is mostly osvuo>l
.................. . « a . reow iu l/atm „ plan did not
■ provide for the Itond* o f ( ’ halt. Romo & Col., ami In March, 1893, th«
the
1C, 11. A ( ’, was placud In hum-s o f W, C. Bunn » * receiver.
* 3 2
1KVESTOKS’ SUPPLEMENT.
[V O L . L V I
S u b s c r i b e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d i n t h e s e T a b l e s .
Fer
B o n d s— Prenci
jNJ'Jtdt..HT OR DIVIDENDS.
RAILRO AD S.
Date Size, or
pal, When Due.
Amount
vVnen
Par
of
of
explanation of column headings, Ac., see notes
Outstanding Rate per Payable Where Payable, and by Stocks —Last
Lent.
Road. Bonds Value.
whom.
on first page o f tables.
Dividend.
S a c . 6 West.— ( C o n .)— Colum. & Rome 1st51., gu.c*
1st consol, mort. ($18,000 periulle), gold, guar.c*
Rome & Carrollton 1st mortgage, gold................
Cliatt, Rome & Col. 1st,gu.,$10,000 p.m .,gold.c*
S c h u y lk ill <f L e h ig h * - 1st in., guar. p. & i. by 1’. & R.
S eaboard itR o a n o k e — St’k ($244,200 is pf. gu. 7p.c.)
Debentures, registered....................................... r
1st mortgage tor $2,500,000.............................c*
Seaboard A ir Line Equ’t Tr. ser. A A B (L> each) .c*
S eattle L a k e S. <t E a s t.— 1st M., g., $25,000 p. m .c‘
S h a m o K in S u n b u ry ct L e ic is b u r g —1st mort----c‘ Ar
2d mortgage..................................................... 9*
S h a m o k in V a l. <* P ottscU le— Stock, guar, by Nor. C.
1st mortgage, gold, ou road and lands...............c
■Shore L i n e ( o h n .) —St’k^hjp.c.rent.N.Y.N.H .AH .
le t mortgage........................................................
S ilv e r Sp. O cala < G u lf— l t,L gr. ($15,000 p.m.Jg.O"
£
s
S il o e r lo n — 1st mort. for $500,000 gold............. c&r
S io u x L ily it N o r th e r n — 1st mortgage, gold.........0*
S io u x C ity O'N. It West.— 1st 51. ($18,000 p. m.) g.c’
S outh A t la n t ic <■O h io — le t mortgage......................
£
S outh B o u n d — 1st mort., $15,000 per milo, gold..c*
■South C a r o lin a —Various prior loans (part £ ) .......
1st mortgage dollar loan, extended.....................
1st consol, mortgage, gold....................................
2d consol, mortgage.......................................... c*
50
....
22
138
44
81
___
81
3i
31
29
28
49
49
74
17
96
130
70
136
247
242
247
247
247
S o u th F lo r id a — 1st mort. ($12,000 per mile), gold.c*
So. (£No. Alabama—lstM.,s.f.not dr’n; guar.byL.AN.
2d mort. gold, 8. f. $20,000 (owned by L. A N .)...
Consol, mortgage (for $10,000,000), gold, guar.c*
S. P a c ific l oust —1st M., g., guar. (s. i . begius 1912)c
189
189
189
104
1884
1889
$1,000
1,000
100 Ac.
1887
1,000
1872
io o
1886 100 Ac.
1886
1,000
1890-1 1,000
1,000
1880
1882
1,000
1890
1,000
50
1871 500 Ac.
___
100
1880 1,000Ac
1,000
1888
1,000
1888
1,000
1890
1891
1,000
1,000
1887
1891
1,000
’38-’ 68 Various
500
1808
1,000
1881
1881
1,000
1,000
1881
1885
1,000
1873
£200
1880 $1,000
1880
1,000
1887
1,000
jBSC
$200,000
7,755,000
i50,000
2,090,000
600,000
1,302,900
690,000
2,000,000
212,500
5,675,000
1,000,000
1,000,000
869,450
2,000,000
1,000,000
200,000
1,120,000
425.000
1,920,000
2,340,000
1,850,000
2,033,000
83,092
178,000
4,883,000
1,130,000
2,538,000
(?)
£909,000
$2,000,000
3,543,000
5,500,000
&
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
&
A
A
A
A
A
A
A
A
J.
8.
J.
S.
N.
N.
A.
J.
D.
A.
N.
J.
A.
J.
J.
S.
A
A
A
A
4 g. J. A
J.
N.
0.
A.
J.
6
5 g6 g.
5 g4^
See text.
6
5
5
6 g.
5
6 g.
6 per an.
7 g.
See text.
4*2
See text.
6 g.
5 g.
5 g.
6
See text.
5
5 g6 g6
6
6 g.
0 g6 g.
5 g.
J.
M.
J.
M.
M.
M.
F.
J.
J.
F.
M.
J.
F.
J.
J.
M.
,r.
A.
J.
A.
J.
A.
j.
J.
A.
j.
J.
M.
A.
F.
July,'92, coup, last paid.
Mch., ’92, coup, last pd.
July,’92, coup, last paid.
Mch.,’92, coup, last pd.
Phila., Phil. & Read.KR.
Balt., Farm. A Plant.Bk.
Portsmouth, Va.
N. Y ., Baltimore A Pliila.
Balt.,Merc.Tr. A Dep.Co
N. Y., No. Pacific RR.
Pliila.,Pliil. &Kead.RR.
do
do
Pliila., Perm. RR. Co.
do
do
N. H., Nat. N. H. Bank.
do
do
J.
New York.
o. Denver State Nat. Bank
J. N.Y., Manhattan Tr. Co.
o.
N ew York.
In default.
.1
.
o. Baltimore A Savannah.
J . July ,’91, coup, last paid.
.1. July,’ 91, coup, last paid.
o. Coupon Apr., 1891,paid.
J. Last paid July, 1888.
London, Baring Bros.
N. Y. Of., 120Broadw’v
N. Y., Office, 120 B’ way.
N. Y .. S. Pae., 23 Br’d St.
Jan., 1914
Mch. 1, 1929
Jan. 1, 1916
Sept. 1, 1937
Nov. 1, 1902
Nov. 1, 1892
A lt. July ,1910
July 1, 1926
$25,000 Junel
Aug. 1, 1931
51ay 1, 1912
July 1, 1925
Feb. 1, 1893
July 1, 1901
Jan., 1893
March, 1910
July 1, 1918
Oct. 1, 1908
Jan. 1, 1920
Oct. 1, 1921
July 1, 1917
Apr. 1, 1941
On demand.
On demand.
Oct. 1, 1920
Jan. 1, 1931
Jan.
May
Apr.
Aug.
July
1,
1,
1,
1,
1,
1915
1903
1910
1936
1937
E a r n in g s .— From March 4, 1892, to Sept. 30,1892, the receiver o f
the Central of Ga. reported gross earnings as $651,454; deficit, $28,912. See Central of Georgia. In 1890-91 gross earnings were $1,161,187 ; net, $90,828. In 1889-90 gross, $963,929 ; net, $208,086, against
$87,288 in 1888-89. Interest charge for 1892-93 w ill be on Sav. & W
proper $447,750, and on Chat. Rome & Col. $113,500; total, $561,250'
| S o u t h A t l a n t i c & - , h I o . — Owns from Bristol, Tenn., to Bigstone
Gap, Va., 70 miles. In 1892 John C. Haskell and D. H. Conklin were
appointed receivers. Stock is $1,110,000; par, $10 0. Car trusts about
$118,000. Loans and bills payable June 30, 1891, $61,888. In
1890-91 gross earnings, $144,375 ; net, $20,900; taxes, $8,254: in
terest, $107,681.
S c io t o V a l l e y A; N e w E n g l a n d . — See N o r f o lk A W e stern .
S o u th R o u n d . —Completed in Sept., 1891, from Savannah, Ga., to
Columbia, S. C., 136 miles. L ease .—In July, 1892, leased to the Florida
Central & Peninsula Railroad Co. for 99 years from October 1, 1893,
by which time the Fla. Cent. & Pen. is to complete a line o f 110 miles
in length connecting the systems. Rental equivalent to 5 per cent per
annum on $15,000 per mile, payable semi ann. V. 55, p. 177, 215.
Sto c k is $2,033,000.
B onds w ill have interest reduced to 5 per
cent, and, whenever the South Bound so demands, w ill be endorsed
by the Florida Cent. A Pen. with the contract as to rental. Mortgage
trustee is Mercantile Trust & Deposit Co. o f Baltimore. E a r n in g s .—
From Jan. 1 to Dec. 31,1892 (12 months), gross, $203,763. President,
Col. C. H. Pninizy, Augusta. (Y. 53, p. 157; V. 55, p. 145,177, 215, 503.)
S e a b o a r d A R o a n o k e . — Owns Portsmouth, Va., to Weldon and
branch, N. C., 81 miles; leases Roanoke & T. R. Railroad, 29 miles.
Also has a controlling interest in the Raleigh & Gaston Railroad, 109
miles, and thus in the Raleigh & Augusta A ir Line, 107 miles, and Caro
lina Central, 269 miles; also controls Pittsboro Railroad, 11 miles;
•Carthage Railroad, 11 miles; and the Georgia Carolina A Northern,
266mile8 (completed in April, 1892), affording a through line to A t
lanta; total o f all, 884 miles. This is the “ Seaboard A ir L in e ” system.
Sto c k .—Of the stock, $1,058,700 is common, $200,000 is 1st preferred
7 per cent guaranteed and $44,200 is 2d preferred guaranteed.
D iv id e n d s .—On common, formerly 10 per cent, were from Nov.,
1890, to May, 1892, both inclusive, 7 p. ot. per an.; in Nov., 1892, 3 p. c.
B onds.—The debentures are to be included in any 2d mortgage issued.
A fte r Aug. 1,1916, they are payable at will as a whole, or in 10 per cent
instalments. With Raleigh A Gaston guarantees the bonds of the Geor
gia Carolina A Northern (which see). Since June 30,1891, first mort
gage bonds for $1,200,000 have been issued.
E a r n i \gs.—In year ending June 30, 1892, gross on road proper, 114
miles, $705,469; net, $233,763; other income, $84,890; total net income,
$318,653; interest, rentals, taxes, Ac., $180,934; dividends (7 per
cent), $46,516; surplus for year, $60,182; in 1890-91, gross, $771,572.
J. M. Robinson, President, Baltimore, Md. (V. 53, p. 324.)
S e a t t le L a k e S h o r e A E a s t e r n . — Owns from Seattle, Wash., to
Surnas, 125 miles, and branches in Washington, 121 miles; total, 246
miles. Completed in 1891. The Northern Pacific guarantees by endorse
ment both principal and interest of the bonds, and owned July 1, 1892,
$3,162,650 of the $4,150,000 stock. See V. 55, p. 682.
S h a m o k l n S u n b u r y A L e w i s b u r g . — Line from Shamokin to
W est Milton, Pa., with iron bridge over Susquehanna, 31 miles. Leased
to Philadelphia A Reading till July 20, 2883, and used for coal traffic
northward. Stock, $2,000,000; par, $50. (V. 51, p. 21.)
S h a m o k i n V a l l e y A P o t t s v i l l e . — Line o f road, Sunbury, Pa., to
Mt. Carmel, Pa., and branch, 30 miles. Leased February 27, 1863, for
999 years to the Northern Central Railway Co., with a guarantee of
taxes, interest on the bonds and 6 per cent on the $869,450 stock (par
$50), o f which $619,400 is owned by the Northern Central. Pennsyl
vania RR. owns $605,000 7 per cents, aud $225,000 additional were
held January 1, 1893, in the fund to cover the depreciation in value of
the 3. V. A P.’s coal lands. Gross earns. 1892, $583,227; net, $359,732.
S h o r e L i n e ( C o n n ) . — Owns New Haven, Conn., to New London,
Conn., 49 miles. Leased to New York A New Haven RR. Co. in perpet
uity November 1, 1870, at $100,000 net per annum. Dividends usually
3*4 or 3^2 per cent in January and 4 per cent in July. Stock exchange
able during January and February, 1893, for stock of lessee, 4 shares
Shore line for 3 shares lessee.
S l i v e r S p r i n g s O c a l a A G u l f . — Owns from Ocala to Inverness,
with branch from Gulf Junction (near Dunnellon) to Homosassa, 74
miles. In January, 1893, a controlling interest in stock was acquired by
Savannah Florida A Western parties, and interest reduced from 6 to 4
per cent, guaranteed by endorsement. Stock, $1,500,000, par $100.
There is a land grant of 13,840 acres per mile, of which the mortgage
covers 4,000 acres per mile.
° °
S l l v e r t o n . — Owns from Silverton, Col., to Ironton, 22 miles, of
which 4 miles built with surplus earnings. Stock authorized aud out
standing, $.150,000; par, $100. Dividends of 10 per cent have been
paid. In 1892 gross earnings were $105,058; net, $50,036. In 1891
gross, $121,621; net, $65,388.
S i o u x C it y A N o r t h e r n . — (See M ap)—Owns road, completed
February, 1890, from Sioux City northerly to Garretson, So. Dak.,96mih
A t Garretson connection is made with the Great Northern, with whi
there is a traffic contract for thirty years. The road forms part of t
Great Northern’s through route from Sioux City to Duluth, a distance
43 d miles, llie mortgage (trustee, Manhattan Trust Company)
limited by supplemental deed to $1,920,000, the amount now oi
standing. Stock authorized, $10,000,000; outstanding, $1 440 000
1°,
5;,?1- “ SS <12 souths), gross earnings we
$192,692, against $44/,320 in 1891. In 1892 gross, $485 189 ■ m
$219,890. In 1891 gross, $447,320; net, $193,144.
*
’ 8 ’
'S i o u x C it y O ’ N e i ll A W e s t e r n . — Owns from Covington, opposi
Sioux City, to p N e ill. Nebraska, 130 miles. The Pacific (Short Li
(including in it the Nebraska A Western) was foreclosed Oct. 23 189
ana this company organized by parties interested in the Sioux Cit-v
Northern. Stock is S3,600,000 (par $100). The mortgage is limited
$2,340,000 (trustee Manhattan Trust Co. ol New York) and covers t
road, its equipment aud terminals and $2,000,000 stock of the Paci
Short Line Bridge Company, organized to construct a bridge at Sioi
City. Bridge reported under construction in Fobruarv 1893 See
56, p. 374. In 1892 eros*. $231,119; net, $137,833. (V. 52, p. 571;
53, p. 15/, 326, 436, 641.)
A
S o u th C a r o lin a . —Owns from Charleston to Augusta, S. C., 138
miles; branches to Columbia, 68 miles, and to Camden, 38 miles; exten
sion, 3 miles; total main line and branches, 247 miles. The Carolina
Cumberland Gap & Chicago Railroad, from Aiken to Edgefield, 24
miles, is leased by the receiver o f this road, and operated in connection
with it, making 271 miles operated. The Columbia Newberry & Laurens
is no longer operated in connection with this property.
F oreclo sure an d R e o r g a n iz at io n .—Sold in foreclosure July 28,
1881, and on January 1, 1889, the company defaulted again, D. H.
Chamberlain being made receiver in October, 1889. A t Charleston,
S. C., in November. 1892, the U. S. Circuit Court ordered a foreclosure
sale o f the road under the first mortgage of 1868, to take place A pril
11, 1893. Holders o f 1st and 2d consols, except certain o f the firsts*
sought the decree. Attem pt has been made to defer date o f sale.
When sold, road may be bought in under one of tw o plans. Of these
the Central Trust plan (V. 53, p. 969), changes the second consols into
preferred stock and creates $6,000,000 o f 5 per cent mortgage bonds
to take up first consols. The Fairchild plan (C h r o n ic l e Jan. 16, 1892,
p. vi. of adv.) preserves the lien o f the second consols. Y. 55, p. 895.
B onds an d Sto c k .—On July 1, 1891, the Receiver paid to date in
terest on all bonds having a lien prior to that of first consols and in
March, 1892, he paid the coupons duo A p ril 1,1891, on the first consols.
Stock Nov. 1, 1892, $4,204,160; par, $100; car trusts, $190,638; ma
tured interest unpaid, $717,852; 7 per cent bonds due 1902, $8,000.
E ar n in g s .—N ov. 1, 1892, to Jan. 31,1893 (3 months), gross $369,299, against $373,785 in 1891-92; uet, $115,745, against $110,867.
A n n u a l R e po rt .—Report for year ending Oct. 31,1892, was in V.
56, p. 162, as follows, the falling off in 1891-92 being due to cotton de
pression and competition o f South Bound, etc., roads:
1889-90.
1890-91.
1891 92.
247
310
M ileage.....................................
Gross earnings......................... $1,546,087
$1,771,159
$1,397,669
Operating expenses.................. 1,015,326
1,178.885
985,401
N et earnings....................... $530,761
$592,274
$412,268
Taxes and rentals.......................................
...........
85,160
- ( V . 54,p. 32,120. 329,968,1011; V. 55, p. 60,100, 895; Y. 56, p. 162.)
S o u t h F l o r i d a . — Road from Sanford to P ort Tampa, Fla., 124
miles; Bartow Branch, 17 m iles; Bartow to Inverness, 77 miles;
operates Sanford to Lake Charm, etc , 33 miles—total, 251 miles. The
road is part o f tbe Plant system —
see Savannah Florida & Western. The
bonds are held by the Plant Investm ent Company.
S o u t h A N o r t h A l a b a m a . - ^ e e Map of Louisville <• Nashville.) —
£
Owns from Decatur, Ala., to Montgomery, Ala., and branch, 188 miles
Controlled by the Louisville A Nashville R R. Co., which owns most of
the stock and guarantees the first and consol, mortgage bonds. In
year ending June 30,1890, gross earnings were $2,202,151; net, $637,247; deficit under interest, Ac., $60,279, against $225,536 in 1888-89.
—(V. 50, p. 314; V. 53, p. 370.)
S o u t h P a c i f i c C o a s t ( N a r r o w - « ; a u g e ) , - Owns from Alameda
to Santa Cruz, 77 miles; branches, 27 miles; total, 104 miles. The road is
leased for 55 years from July 1 , 1887, to the Southern Pacific Company,
which guarantees the bonds and owns all but $7,000 of the stock,
Trustee of mortgage is Farmers’ Loan A Trust Company. The stock is
$6,000,000; par, $100. In 1891 gross, $1,107,773; net, $393,807,
against $294,574 in 1890; surplus over charges, etc., $124,817.
S o u t h e r n C e n t r a l ( N . Y ) . — Owns from North Fair Haven, N. Y.,
to Pennsylvania State Line, 114 miles, and branch 2 miles. The Lehigh
Valley leased this road from January 1,1887, for 975 years, without
any guaranty of interest. There are $90,000 of 7 per cent prior bonds
due in 1899. Six coupons from August 1,1886, inclusive, were funded
into income bonds.
The overdue coupons, including those funded,
amounte l on Feb. 2,1892, to $1,235,095. In Aug., 1892, a foreclosure
suit was begun, but afterwards discontinued by consent. Stock,
$1,774,950; par, $100. In 1890-91 gross earnings were $521,919: net.
$71,546; charges, $199,312; deficit, $127,766. Thomas C. Platt, Presi
dent.—(V. 51, p. 715; V. 55, p. 257.)
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134
SUPPLEMEN T,
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\ o n d s — Prtnol *
B
IN T E R E S T OR D IV ID E N D S
------------------------------------------ — —• pul. When Due.
Miles Date Size, or
Am ount
Rate per When Where P arable, and by s to rk s —Last
of
Patof
T o r explanation of column headings, &o., see notes
Outstanding
H Ibom.
— -\ ......
V
Cent.
Payable.
Di vidend.
Koad. Bonds Value.
on first page of tallies.
R A IL R O A D S .
114
S o u th e rn C en t.— Consol. M. for $3,400,000 (oonv.) .0
Funded coupons consol, mortgage . . . . . . . . . . . ■■■■■
S o u th e rn Vact/te 1K IM V A A ! —8tock($lo0,000,000i 5,931
Steamship 1st luortgago bo n d s.............................
S o u th . V ac. o f A r iz o n a — tstM , ser. A&B, g., guar.c,tr
■Southern V a c ific t C a l . ) —Stock........ - ........ - — *
1 st mortgage,series A, gold— j land grant...c
388
Series B, gold..........................I sink'g flu id ..0*
1,042
Series C & D, gold................... f not subject..o*
Series E & F, g o ld ...................J to call. ....o *
93
So. Pac. Branch 1st M .sink, fund In 18! 7 .. . .. . . .
So. Pac. general nmrt. ($38,000,000), g o ld ...o Ar 1,430
45
Stoektou & Copperopolis IstM ., g. (guar, by C.P.)
S o u th e rn V a c ific o f A’etc M e x ic o —stock.................. .
167
1st mortgage, gold........................ - - - - - - - - ....... c* r
34
Southw est. ( F lu .)—1st M., $170,000 ($5,000p.m.lg.c
333
Southw estern (G a .)—Stock, 7 p. c., guar. Cent. G a..
89
Souliiw est P e n n sy lre n tia —Stock............- ..................
89
08
S jm rta n tm i'U U n io n d- C o lu m b ia —1st mortgage---S p o k a n e F u lls <c S o r t hern —Stock.............................
1st mortgage. $20,000 per mile, gold.. . . . . . . - - . . c* 131
0
S y u y tc n U u y v ilc i P ’/Jfor.-Stock,8p.c.gu. N .l.C en t.
S tale L in e <t S u l li v a n ^ S t o c k . ...................................
25
1st mortgage
13
S to le n Is la n d — l& t mortgage....................................
S ta te n Is la n d Ila p id T ra n s it— Stock.......................
All.
1st mort. gold, $ or £, sinking fund not d ra w n ... C
F.
5
1882 $200&o. $3,300,000
M.
475,740
4
....
1887
100 118,858,170
. .. .
"6*
1.900.000
1891
10,000,000
6 g.
’79-’80 1,000
65,135,300
.... I
100
f 1875 500 Ac.
’ 6*g.
, 1875 500 Ac.
0 g31,361,500
1 1876 500 &o.
<>#•
1882 500 ito .
3.578.000
6 g.
1887
11,375,000
1,000
1888
R g500.000
1875 500 Ac.
5 g*
100
6,888,800
4.180.000
6 g. J.
1881
l.ooo
170.000
6 g. J.
1892
1,000
5,191,100 7 per an. J.
100
1,499,900 See text. M.
50
900.000
7
iF.
1877
1,000
1,000,000
5
'J.
1888
2.500.000
ioo
2.620.000
6 g. ^J.
1,000
1889
989.000 8 per an. J.
100
990.000
50
300.000
1879 100 Ac.
300.000
1,000
A.
1873
500.000
100
1,000,000
1,000
6 g. A.
1883
S o u t h e r n P a c i f i c C O M P A N Y .—
(See Map).— r g a n iz a t io v .—
O
This corporation w as organized Aug. 14,’84, under the laws of Kentucky
I t has acquired a trails-Coutineutal system of railroads, with steam
ship lines from N ew Orleans to N ew York, etc. On Jan. 1,1892, it had
proprietary liues iu its Atlantic system aggregating 1,750 miles; in its
Pacific system, 2,581 miles; total proprietary liues, 4,332 miles; leased
lines (other than proprietary lines) in Pacific system, 2,129 miles; total
railroad lines, 6,461 miles.
P r o p r ie t a r y L ines .—These, with a total mortgage indebtedness Jan.
1, 1892, of $119,690,716, are all practically owned—only $2,334,477 out
of their total stock of $164,717,227 not being held on Jan. 1, 1892, by
the Southern Pacific Co. Five of the proprietary companies as below
designated are operated for 99 years from A p ril 1, 1885, under the
so-called omminis lease, under which the Southern Pacific Companv
agrees to maintain the roads, to pay all fixed and other charges, includ
ing interest on bonds and floating debt, and to divide the total net
pro tits from operating, after making these payments, among the several
parties to the lease, the Southern Pacific Company to receive 10 per cent
o f such profits, and each of the other five companies the percentage
Indicated below.
Proprietary lines operated under omnibus lease: Southern Pacific of
California, receiving 44 per cent of net profits; Southern Pacific of A ri
zona, 10 per cent; Southern Pacific of N ew Mexico, 6 per cent; Morg a u ’s Louisiana ATexas, 23 per cent; Louisiana A Western, 7 per cent.
Proprietary liues not operated under omnibus lease: South Pacific
Coast, Northern Railway, Northern California, Texas A N ew Orleans,
Galveston Harris. & San Antonio, G ulf Western Texas A Pacific, N. Y.
Texas & Mexican. For further i uformation respecting these companies,
see separate statement lo r each.
L eased L inks .—The leased lines other than the proprietary lines are:
The Central Pacific, the Oregon A California and the California Pacific
railroads. The terms on which these roads are operated are stated
under the head of each company respeeti vely.
Ca p it a l Sto c k .—Stock authorized, $150,000,000. See V. 48, p. 428P r ic k o f Sto c k .—Tu 1886, 301
4'®411 ; in 1887, 29% @363 in 1888,
s
4;
19 ^ 2 7 ^ ; in 1889,21L3 3 7 1 in 1890,22 l ?®3 7 ^; iu 1891, 233*44%; in
^
8;
1892, 3358^41
iu 1893 to Mar. 17, Inclusive, Sl-a-SSH.
G uar vnties .— In December, 1892, company agreed to guarantee San
Antonio & Aransas Pass new first 4s for $2 . ,600,000. Other guaran
teed issues are Houston & Texas Central bonds, Austin A N . W. 5s,
Oregon & Cal. 5s, N. Y. Texas A Mexican 4s, certain of the Central
Pacific's bonds, etc.—see those compani s.
E arnings .— From Jan. 1 to Jan. 31, 1893 (1 month), gross earnings
on the whole system were $3,794,604, against $3,516,640 in L892 ; net,
$1,220,564, against $990,225.
A n n u a l R e p o r t .— Fiscal year ends Dec. 31. Annual meeting is held
at San Francisco on first Wednesday following first M onday in April.
Report for 1891 was given at length in V. 54, p. 783, 802, 884, showing
fo r the whole system, including steamship lines, as below.
1890.
1891.
1892.
Average mileage operated......
6,053
6,376
........
Gross earnings........................$18,352,504 $50,449,816 $48,972,195
Operating expenses............... 31,155,103
31,163,612
31,288,199
A A/Ang., 1889, coupon on. Feb. 1. 1922
A N. May, 1890, coupon oil. Nov. 1, 1897
A J.l N. Y „ 23 Broad St.
.Tan. 1, 1911
A J. N. Y., H. Pac.,23 B r’d St. Mch., 1909-10
& O.'N. Y .,S. Pac.,23 Br'dSt.
A O .:
do
do
A O.
do
do
& O.
do
do
A O.
do
do
A O.
do
do
A J.
do
do
Apr.
Oct.
Oct.
Apr.
Apr.
Oct.
Jan.
A
A
&
A
A
&
Jan.
July
Dec.
Mar.
Feb.
Jan.
J. N ew York, 23 Broad St.
J. N. Y., Manhattan Tr.
D. Savannah and Macon.
S. Pkila., 233 8. Fourth St.
A.
do
do
J.
1,
1,
1,
1,
1,
1,
1,
1905
1905
1906
1912
1937
1938
1905
1, 1911
1, 1922
30,1892
31,1893
1. 1917
10, 1932
A J. N. Y ., Chase Nat. Bank. July 1. 1939
& J.iN. Y .. U r’d Ceut.Statiou
Jan., 1893
& J. N. Y., Union Trust Co. Jan. 1, 1899
& 0.;N . Y., foot Whitehall St. Apr. 1, 1893
A O.'N. Y ., foot Whitehall St. Jan. 1, 1913
charges, $118,294, against $25,576 in 1890; ;net profit due the com
pany under the lease, $241,930.
S o u t h e r n P a c i f i c ( o f C a l i f o r n i a ) . —(See M ap.)—A. consolida
tion of May, 1888, amended iu Novem ber, 1892, of several lines in Cali
fornia. M ileage completed Dt-c. 31, 1891 was 1,716, of which 242*5 miles
were leased to and operated by the Atlantic A Pacific RR. Co. Balance
leased to the Southern Pacific Co., which owns most of the stock, the
lessee paying the interest, fixed charges, betterments and additions, and
44 per cent of the surplus income under the ‘‘omnibus lease." Amended
articles of consolidation filed in November, 1892, included 36 com
panies with a mileage constructed and to be constructed of 3,39 L.
Sto ck and B onds.—The authorized stock is $90,000,000. par $100, of
which $65,135,300 is outstanding, all but $20,350 being held by the
Southern Pacific C o m p a n y . The first m ortgage bonds o f the several
series are all equally secured. They are being gradually retired with
proceeds of laud sales, Ac., but are not subject to call. There is also
a sinking fund of $100,000 per year. Of the mortgage for $38,000,000;
trustee is Central Trust Company. See abstract, V. 49, p. 509.
L and G r a n t .—The land grant was 12,840 acres per mile, and proceeds
of sales go to retire bowls. The total lauds unsold January L, 1892,
were estimated at 7,200,000 acres, but a large proportion of this is bar
ren and useless for agricultural purposes without irrigation. In 1891
the uet sales were 46,255 acres, for $204,794; interest on deferred
payments, $164,526; laud uotes outstanding Jan. 1, 1892, $2,879,416.
E arning s .— Jan. 1 to N ov. 30,1892, (11 mouths), gross, ${>.416,793,
against$8,I93,076in 1891; net, $4,050,052 iu 1892 against $3,571,024.
£u 1891 gross earnings of both divisions were $9,279,822; uet,
$3,851,547; adding reutal ($436,266) received from Atlantic A Pacific
RR.,ete., total uet income, $4,288,378 ; surplus over charges, $1,256,734, agaiust $689,839 iu 1890; uet profit due the company as per
omnibus lease, $1,064,496. (V. 52, p. 643; /. 55, p. 765.)
S o u t h e r n P a c i f i c o f N e w M e x i c o . —Owns Arizona State Line to
Rio Grande bridge, 167 miles. Operated under lease by Southern Pacifio
c o m p a n y , the lessee paying all charges and 6 per ceut of net profits
under tlie omnibus lease. Stock, $6,888,800 (par $100). all but $2,500
being held by South’ll Pacitic <’< . Sinking fund Jan. 1, 1892, $268,633.
>
From Jan /1 to Nov. 30, 1892 (11 mouths),gross earnings were $925,914, against $970,768 in 1891; net $442,989, against $438,100.
Gross earnings in 1891, $1,049,260; net, £452,910: surplus over
charges, $185,832, against $164,837 in 1890; net profit due company
under lease, $145,158.
S o u t h w e s t P e n n s y l v a n i a . —Greensburg, Pa., to Fairchanoe, Pa.
44 miles, and branches, 65 miles; total, 109 miles. Opened April 1,1873and leased to Pennsylvania Railroad, which operates it at cost, pay,
ing net earnings as rental. Pennsylvania R ailroad owns $1,057,250
of stock and $600,000 of bonds. An increase of stock from $1,000,000
to $3,000,000 was authorized in November, 1889. Tn 1892 gross earn
ings were $1,001,121 ; net, $356,108, against $373,752 in 1891.
S o u t h w e s t e r n ( G a . ) —Owns Macon, G a.,to Eufaula, 144 miles, and
branches to Columbus, Ac., 189 miles. Leased iu perpetuity August 1,
1869, to the Central Railroad of Georgia, which assumes the liabilities
and guarantees 7 per ceut ou tlie stock. Stock authorized by charter
as amended is $6,000,000. In year ending June 30, 1891, gross earn
Earnings over operating exp.. $17,197,401 $19,286,204 $17,683,995 ings were $1,161,133; net, $200,254, against $276,932 iu 1889-90 and
T rackage and rentals..............
509,606
564,193
786,984 $436,133 in 1888-89. R en tal is $363,422. See Central of Georgia,
S p o k a n e F a l l s & N o r t h e r n . —Owns from Spokane Falls, Wash
Total net Income............... $17,707,007 $19,850,397 $18,470,980 ington, to Nortliport, 131 miles. Completed to Little Dalles, 127 miles, in
T a xes........................................ $1,234,298
$1,261,984
$1,249,849 August, 1890. Extension of 9 miles to International bouudary to be
Betterments and additions----265,625
259.570
339,077 completed in May, 1893. A t boundary road w ill connect with the
Interest on bonded debt.......... 10.259,819
10,629,900
10,512,478 Nelson A Fort Sheppard Ry., which is to be built iu the interest of the
Rentals, A c ..............................
3,569,551
4,334,983
3,731,377 Spokane Falls A Northern to Kootenia Lake, British Columbia, 60 miles.
This latter extension has a laud subsidy from Canada of lo,240 acres
Total payme nts.................$15,329,293 $16,486,437 $15,832,783 per mile, and is to be completed in September, 1893. Manhattan
Trust Company, N ew York, trustee of Spokane Falls A Northern
8o rp in s............................. $2,377,713
$3,363,960
$2,638,197 mortgage. Stock authorized and outstanding, $2,500,000; par, $100.
O f the surplus here shown for 1892 there is due the proprietary com
S p u y t e n D u y v i l Jk P o r t M o r r i s . —Road is 6 miles in length and
panies for earnings remaining after payment of operating expenses, connects the N ew York Central A Hudson with the N ew York A Harlem
taxes and charges, the following amounts: To proprietary companies Leased to N ew York Central Novem ber 1,1871, till December 31,1970
under omnibus lease, $2,670,865; other proprietary” companies, Rental is 8 per cent on capital stock o. $989,000.
780,282; total, $3,451,147, which sum inures almost entirely to the
S ta te B i n e «fc S u l l i v a n . —O w n sfi om Monroeton, Pa., to Berenice
outheru Pacific Company as the principal owner of the stock of said
proprietary companies. To this should be added profit from operations Pa.. 25 miles, and operates extension o Lopez, 4 miles, stock, $990,
of leased properties other than Central Pacific, $98,508; income from 000 (par, $50.) Tlie m ortgage covers ,000 acres coal lauds. Roa<
Other investments, $215,482, making a total of $3,765,138. from leased till 1934 to the Pennsylvania A New York Canal A Raiiioat
which should be deducted deficit in operation of Central Pacific, $498,- Company; rental, $40,000 per annum.
126, leaving a net profit from openuion for the year of $3,267,011.
S t a t e n I s l a n d . —Clifton to Tottenville, 13 miles. Capital stoc
- ( V . 53. p. 59, 290,880; V. 54, p. 526, 5 9 8 ,7 8 3 , 801, 8 0 2 , 8 8 4 ; authorized, 60,000 shares of $15 per share; outstanding, 14,00<
V. 55, p. 23.'
shares of actually $15 per share, but since bought by investors fo
S o u t h e r n P a c i f i c o f A r i z o n a . —Tills is tlio connecting line oi $65 a share this is now taken as par value, and whole amount out a
the Southern Pacific of California, extending from Yum a to New $910,000. Leased to Staten Island Rapid Transit Co. for 99 years froi
Mexico bouudary, 388 miles. The stock is $19,995,000, all hut $2,400 July 31, 1884, at $80,600 per annum, which pays $4 per share on stoc
being hold bySouinern Pacitic Co. The bonds consist of series A, $6,000,- luterest on bonds and organization expenses.
000, line 1909, and Series B, $4,000,000, due 1910. Operated under
S t a t e n I s l a n d R a p i d T r a n s i t K K , - O w n s line of road arour
lease to Southern Pacific < o ., the lessee paying all charges and also 12 the Staten Island shore, east and north sides, from South Beach to
per oeut of the net profits under the omnibus lease.
point opposite Elizabeth port, N. J.; total owned 10 miles; leases State
From Jan. 1 to Nov. 30 (11 mouths), gross earnings in 1892 were Islam! Railway, 13 miles; total operated 23 miles. It has a 99 year1
$1,829,001, against $1,871,720; net. $528,251. against $575,876.
lease of the Stateu Island Railway and controls the ferries betwe*
In 1891 gross earnings were $2,028,689; net, $570,414 ; deficit under N ew Y c rk City and Staten Island and B a y Ridge, L. I.; alao the fen
t
A
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SOUTHERN PACIFIC
C O M PAN Y R A IL R O A D S
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INVESTORS’ SUPPLEMENT,
i :i 6
(V O L . L V I .
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
RAILRO AD S.
For explanation o f column headings, Ac., see notes
on first page of tables.
S ta te n In la n d R a p id T r a n s it— ( C o n c lu d e d .)
2d mortgage endorsed by B. A O., gold........... o&r
Incomes, gold (non-cumulative). . . . . ....................
S tu ttg a rt A A rk a n s a s R i v . - 1st M. for $500,000, g..c
Summit B r a n c h ( l* a .) —Stock..............................
1st mortgage, sinking fund, not d raw n ............
B u n b 'ry H azle. <£ iri7Ae«6.-l8t,8er.A&B.,dr. atlOO.c
Bo?ids—Princi
IN T E R E S T OR DIVIDENDS.
Date Size, or
pal, When Due.
Amount
Par
of
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
Road. Bonds Value.
Whom.
Dividend.
Miles
of
1886 $1,000 $2, 500,000
5 g.
1,000
1885
4.500.000 up to 6 g.
450.000
1,000
45 1891
5 g.
50
4,010,350
20
1,000
1.122.000
7
20 1874
1.185.000
5& 6
43 1878 100 Ac.
1.350.000
6
43 1878 100 Ac.
50
600.000 8 per an.
43
500.000
500
7
43 1876
1,000
1 , 000,000
7
23 1870
100
2.500.000 See text.
81
1,000
1.966.000
7
81 1876
798,200
57 1875 100 Ac.
7
1,000
600.000
57 1879
5
LABA MA.
50
1,988,150 6 per an.
1,000
125 1873
See text.
7
1,000
125 1885
1.900.000
5 g.
1,000
600,000
125 1892
5 g1,000
40 1889
480.000
1,000
93 1879
500.000
l g1,000
65 1883
1, 000,000
6
1,000
144 1887
1.800.000
§ £•
1,000
144 1892
(?)
o g.
2d mortgage, income....................................... c«fcr
S u n b u ry it L etcis to w n —B to c k .................................
1st mortgage........................ ..............................c
S u s p e n s ion B rid g e & E r ie J u n c tio n —1st M.gu.byErie
S yracuse B in g h a m to n <£ New Y o r k —Stock...............
Consol. M. (prin. and int. guar, by D.L.AW.).c*«fcr
S yracuse Geneva <£ C o m in g — 1stM., s.f.dr’n atpar.c
2d mortgage...........................................- ............c
Tennessee M id la n d — S e e P a d u c a h T e n n e s s e e A A
T e rre H a u te d In d ia n a v o lis —Stock........................ c
1st M. for $1,000,000, to be paid Apr. 1, 1893.cAr
Consol. M., $2,200,000, g.f 1st M. after Apr. 1/93
N ew cons. M., g., red. art. July 1,1902, at 105..c
Ind. A L. Mich. 1st m., $12,000 p. m.,gold,guar.,c*
T e rre H a u te <6 L o g a n s p .— l s j M., guar. byT.H .& Ind.
1st M. on Logans, to Soutn Bend (2d on 93m.)gu.
T e rre H a u te 4. P e o r ia — 1st mortgage, gold............ c
N ew mortgage for $2,500,000, gold, guar......... c5
Texas C e n tr a l ............................................................
104
Texas < New O rle a n s o f * 74—1st mort. land gr.c^&r
&
104
Sabine Division, 1st mortgage, gold..............c*«fcr
Debentures
Texas <t Part/?c-^5tock, $50,666,000....................... 1,497
524
1st M. (Eastern Div.), gold, s. f. red. at 100___ c
1875
1882
1883
1875
1,000
1,000
100
100
1,000
1,620*666
2.075.000
584.000
38,710,900
3.784.000
*7*
J. & J. N.Y., foot Whitehall St.
do
do
J. & J. N. Y., Farmers’ L. & Tr.
Phila., 233 S. Fourth St.
J. & J.
do
do
M. & N. Philadelphia, Penn. RR.
M. A N.
do
do
A. & O. Phila., Guar. T. A D. Co.
J. & J.
do
do
J. & J. N. Y. Lake Erie & West.
Q .-F . N .Y .,D . L. A W . RR. Co.
A. A O.
do
do
M l 5AN. N. Y., Farm. L. & Tr. Co.
M. & S. N. Y ., Gr’d Cent. Depot.
Jan. 1, 1920*
Jan. 1, 1946
1921
Feb. 16, 1876
Jan. 1, 1904
M ay 1, 1926
M ay 1, 1938
Apr. 1, 1893
July 1, 1896
July 1, 1900
Feb., 1893
Oct. 1, 1906
Nov. 15,1905
Mch. 1, 1909
F.
A.
J.
J.
M.
J.
J.
M.
M.
Feb. 1, 1893
April, 1893
July 1 1925
July 1, 1925
Sept. 1 1939
Jan. 1, 1910
Jan. 1, 1913
Mch. 1, 1937
Sept. 1, 194£
&
&
&
&
&
&
&
&
A
A. N. Y., Farm. L. & Tr. Co.
do
do
J.
do
do
J.
do
do
S. N. Y., Central Trust Co.
J. N. Y., Farm. L. & Tr. Co.
J.
do
do
S. N. Y., Union Trust Co.
do
do
S.
F. & A. N. Y., S. Pac., 23 Br’dSt. Aug. 1, 1905
do
do
M. A S.
Mch. 1, 1912
do
do
Dec., 1893
t e- J. & D.
' 6*g. M. & 8. N.Y.,Merc.Tr.Co.& Phil. Mch. 1, 1905*
between Tottenville, S. I., and Perth Amboy, N. J. The bridge over the I D iv id e n d s since 1876; In 1877, 6 per cent; from 1878 to 1884
Kills at Elizabethport was completed in 1890, and since July 1. I inclusive, 8; from 1885 to February, 1893, both inclusive, at the rate1890 the entire freight traffic of the Baltimore & Ohio RR. Co. to and of 6 per cent per annum, payable semi-annually.
from New York has been handled by this company. See V. 51, p. 718.
B onds .—The new consolidated m ortgage of 1892 is limited to $600,In November, 1892, the B. & O. was reported to be preparing to make 000. On A p ril 1 , 1893, 7 per cents for $1,600,000 w ill be paid. ' Five
extensive terminal and other improvements.
per cents of 1885 for $1,300,000 (m aking total outstanding $1,900.000)
Se c u r it ie s .—'T he Baltimore A Ohio guarantees the 2d mortgage and the $600,000 consol. 5s of 1892 replace them, making a net de
bonds arifi owns a majority o f the stock of $500,000 (par $100). The crease in annual interest charge of $17,000.
income bonds are held by the B. A O. and the Staten Island Rapid Tran
E ar n in g s — In year ending October 31,1892, gross, $1,283,307; net
sit, one-half each. Loans and bills payable, $419,023 Dec. 31,1892.
earnings, $348,333 ; other receipts, $21,867 ; Interest and 6 per cent
E a r n in g s .— From July 1, 1892, to Jan. 31, 1893 (7 months), gross dividends, $261,289; loss on Terre Haute & Logansport and Indiana &
earnings $657,903, against $642,885 in 1891-2; net, $237,202, against Lake Michigan was $25,962; surplus, $82,948. In 1891-92 heavy
$238,442. For 6 months to Dec. 31,1892, surplus over charges, $92,075, exp nditures for improvements charged to operating expenses de
against $84,803 in 1891.
creased net earnings. In 1*90-91 gross, $1,234,890; net, $409,083.
Fiscal year now ends June 30. In year ending June 30,1892, gross — (V. 54, p. 846; V. 55, p. 590, 766.)
earnings were $1,046,632; net, $354,242; interest, $196,832 ; rentals
T e rre
and taxes, $104,600; balance, surplus, $52,810. In year 1890-91 gross Rockville,H a u t e Sc L o g a n s p o r t . —Owns from South Bend, Ind., tO'
lud.,
$1,030,467; net, $346,326. (V. 54, p. 243, 888; V. 55, p. 257, 4 61 , total operated, 160 miles; leased Rockville to Terre Haute, 22 m iles;
183 miles. Leased by Terre Haute & Indianapolis
806, 898 ; V. 56, p. 207.)
RR. for 99 years from December, 1879, at 25 per cent of gross earnings,
S t u t t g a r t Sc A r k a n s a s R i v e r . — Stuttgart to Pendleton, Ark., 45
miles. Opened in 1892. Capital stock authorized and outstanding,
$500,000; par, $100. Mortgage Trustee, Farmers’ Loan A Trust Co.
S u m m i t B r a n c h ( P a . ) —This company’s business is almost
entirely in mining coal; it leases the Lykens Valley RR., Millersburg
to WilhamstowTi, Pa., 20 miles, and has a small branch of its own to
Summit Mines, 3* o f a mile. Operated by the Northern Central under
contract. Pennsylvania RR. owns $2,190,200 stock and $480,000 bonds.
From Jan. 1 to Jan. 31, 1893 (1 month), gross earnings (including
Lykens Valley) were $184,520, against $166,239 in 1892; net,
$17,720, against $2,668. In 1892 gross earnings were $2,398,390; net,
$156,427. In 1891 gross, $2,232,296 ; net, $20,180.
S u n b u r y H a z l e t o n Sc " W i l k e s b a r r e . — Sunbury to Tomliicken
Pa., 43 miles. Foreclosed March, 1878. Of 1st mortgage $1,000,000
is series A. Stock ($1,000,000) and $179,000 lsts (series B) and $488,600 incomes are owned by the Pennsylvania RR., which pays net earn
ings as rental, and agrees to purchase the Series A coupons if interest
is not earned, and to make payments to sinking funds. Sinking fund
for 1st mortgage now draws about $9,500 bonds yearly at par. Gross
earnings in 1892, $579,112; net, $267,822, against $230,393 in 1891;
interest, $142,100; dividends (6 per cent) $60,000.—(V. 54, p. 761.)
S u n b u r y & L e w l s t o w n . — Selinsgrove Junction to I^ewistown, Pa.*
43 miles. Leased for 99 years from July 1, 1876, to Pennsylvania Rail
road for contingent interest in net earnings, which in 1887 were
$156,709; in 1888, $123,619; in 1889, $154,179; in 1890, $224,967;
in 1891, $225,090; in 1892, $207,708. Dividends—From 1883 to 1889,
inclusive 6 p. ot. per an .; from 1890 to April, 1893, at rate of 8 p. c.
S u s p e n s io n B r i d g e & E r i e J u n c t o n . —East Buffalo Junction
to Niagara Falls and Suspension Bridge, 23 miles; Lockport & Buffalo
Railroad leased, 14 miles; total operated, 37 miles. Road opened Janu
ary, 1871. It is leased to New York Lake Erie & Western Railroad Com
pany at 30 per cent of gross receipts, which are guaranteed to be not
less than interest on bonds, $70,000 per annum. Lessees own $203,000
of the stock ($500,000).
& N e w Y o r k . — Owns from Geddes, N.
Y., to Binghamton, N. Y., 81 miles. Foreclosed and reorganized April 30,
1857, and controlled by Delaware Lackawanna A Western, which owns
$1,972,900 stock and guarantees, by endorsement on the bonds, both
principal and interest o f the first mortgage. For 6 months ending
31> *892, surplus over charges was $137,172, against $138,344 id
1891. In the year ending June 30,1892, gross earnings were $869,458.
183°-91 J Met $409,139; surplus overcharges
and dividends, $35,384, against $22,464 in 1890-91; dividends 8 p c
• dividends paid since 1887: In 1888, 8 p. c. and 4 extra; 1889,8;
in 1890, 8 ; in 1891,8 and 5 extra; in 1892,8; in 1893, Feb. 2 d c
—(V. 53, p. 568; V. 54,p.288; V . 55, p. 461,806; V. 56, p. 290./
S y r a c u s e G e n e v a Sc C o r n i n g . — Owns from Corning, N. Y., to
Geneva, N. Y., 58 miles, and Penn Yan to Dresden. 6 miles: total, fU
dividends, $190,306; deficit to lessee, $55,107! (V. 53, p 568.)
T e n n e s s e e M i d l a n d . — See P aducah T ennessee A A l a b a m a .
T ® ” **
^ I n d i a n a p o l i s . —Owns from Indianapolis to Illi
nois State line, 80 miles, with coal branches, 45 m iles; total 125 miles
Leases Terre Haute <t Logansport RR., 183 miles; St Louis Viiiirialla &
S
Ten-e Haute, 158 miles; Indiana At Lake Michigan RR.. South Bend
Ind., to St. Joseph Harbor, Mich., 40 miles; Terre Haute & Peoria [less
7 miles T. H. & I. trackage], 105 miles; total, 670 miles.
1
O r g a n iz a t io n .—Leases St. Louis Vandalia & T on e Haute E E (which
see) on Joint account with Pittsburg Cincinnati Chic. & St. L E E at 30
per cent of gross earnings, hut guarantees the 1st and 2d mortgage
bonds. Also owns $500,000 common and $320,000 preferred stock o f tko
Bt. Louis V andnl. & T. Haute. The Indiana & Lake Michigan is leased
for 90 years and its bonds guaranteed, principal and interest In Oc
tober commenced to operate the Terre Haute & Peoria (which see)
and first m ortgage bonds guaranteed by that company. Stock, $500,000; par $50. Rental in 1888-89, $142,284; loss to lessee, $26,894;
rental in 1889-90, $148,538; loss to lessee, $1,766; rental in 1890-91 _
$157,018; loss to lessee, $38,740; in 1891-92 loss to lessee, $8,018.
T e r r e H a u t e Sc P e o r i a . —Road operated from Terre Haute,.
Ind., via Decatur, to Peoria, I1L, 172 miles, of which 144 miles areowned and 29 miles is by trackage over other roads. Formed in Janu
ary, 1887, as successor of the Illinois Midland. In September, 1892,.
leased for 99 years to the Terre Haute & Indianapolis at rental of 30-per cent of gross earnings, with a minimum sufficient to p ay interest
on debt. See V. 55, p. 766. Stock is $2,160,000 preferred 6 per cent,
non-cumulative and $3,240,000 common; par, $100.
In Sept., 1892, a new m ortgage for $2,500,000 to the Union Trust
Co. as trustee was filed, for funding old bonds for n ew equipment, etc..
The new bonds carry the guaranty, endorsed on each, of principal andinterest of the Terre Haute & Indianapolis. In year ending Sept. 30,
1891, gross earnings $363,721; net, $112,568. (V. 55, p. 590, 766.)
T e x a s C e n t r a l . —Ross,in McLennan County, to Albany, Tex., 177 m..
This r a i l r o a d company w as formed in January, 1893, to take over the
r a ilw a y company’s main line sold in foreclosure A p ril 22, 1891. Thebraucli of 52 miles has been turned over to Mrs. H etty Green, and tliemain line w ill he extended 11 miles to Waco. V. 55, p. 1111. Stock
holders met A p ril 8, 1893, to authorize new securities. Temporary
loans were $350,000.
In the year ending Sept. 30,1892, gross earn
ings were $295,000; net, $35,000. In 1890-91 gross, $300,781; deficit,
under operating expenses $37,346.— (V. 48, p. 160; V . 52, p. 165, 204.„
499, 609, 681; V. 55, p. 23,766,1111; V. 56, p. 465.)
T e x a s Sc N e w O r l e a n s ( o f 1 8 7 4 ).—Houston, Tex., to Orange
(Sabine River), 104 m iles; and Sabine City to Rockland, 104 miles;
total, 208 miles. A reorganization in 1874. The stock, is $5,000,000, all
but $2,500 of it being owned by the Southern Pacific. In addition to
above bonds there are $422,651 Texas School bonds. Subsidy lands
Jan. 1, 1892, w ere 730,860 acres; other lands 114,481 acres.
From Jan. l t o Jan. 31,1893 (1 month), gross earnings were $153,782,
against $132,668 in 1892; net, $79,050, against $51,898.
Gross earnings in 1892 were $1,690,226; net, $$724,960. In 1891
$1,674,509; net, $735,072; surplus over oharges, $437,176.
T e x a s Sc P a c i f i c . — R oad : From Texarkana to Fort Worth, via.
Wkitesboro, 244 miles; Texarkana J unction to Fort Worth, via Marsh
all, 248 m iles; M arshall to Shreveport, 40 m iles; total eastern division,
532 miles. Other lines—Fort Worth to Sierra Blanco, 524 m iles; Sierra
Blanco to E l Paso (joint crack), 92 m iles; branch, 3 m iles; Shreveport
to N ew Orleans, and Baton Rouge branun, 346 miles. Total, 1,499 miles.
Or g a n iz at io n —The Texas & Paoific was built under act of Congress
of March 31,1871, and other acts 1872-74, and the laws of Texas.
In 1888 the company was reorganized pursuant to the plan in V. 43,
p. <64. and V. 45, p. 401, without having the Court confirm the sale in
foreclosure made in November, 1887, thus preserving the original Fed
eral charter. No interest was paid on the 2d mortgage inoomes in
1892. See provision below, and V, 54, p. 486. Land assets Jan. 1,1893,.
were 94,250 acres, valued with tow n lots at $500,000, and land notes
$T17,281. See also Texas Pacific Land Trust in “ Miscellaneous Cos.”
Sto c k .— Mo. Pacific July 1, 1892, owned $6,525,000 stoek.
P r i c e o k Sto c k .—In 1888, 187
e®26%; in 1889, 17>a®23; in 1800,
12®24ig; in 1891,10%® 16=8; in 1892, 7®14=s; in 1893 to March 17,
inclusive, 87
8®11.
B onds .—Trustee fif first mortgage of 1888 is Fidelity Ins. Trust & Safe
Deposit Co., of Philadelphia; of second mortgage of 1888 Mercantile
Trust Co., of N ew York. The 2d mortgage bonds contain the following
clause: “ On and after March 1,1892, the trustee of the mortgagesecuring these bonds, in case of non-payment of full interest at 5 per
cent per annum, shall, on request of the holders of not less than onethird of the bonds outstanding, enter into possession of the mortgaged
property and m anage the same under the direction of a committee ap
pointed by a majority of the bondholders, until paym ent of interest m
full.” (See mortgage abstracts, C h r o n icle , V. 47, p. 82.) There were
also Jan. 1,1893, a Texas school loan of $141,312, for wkioli $164,000consolidated 5s are reserved ; $89,000 old bonds unredeemed; interest,
scrip income and land gran t bonds (retirable under reorganization
____ ____rt
agreement), $307,242; other scrip, $15,912 30.
MAP OF THE
Two Harbors;
•C
■9
TOLEDO. ANN ARBOR
Duluth.
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INVESTORS’ SUPPLEMENT.
138
[Vox* LVL
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in tlie s e T a b le s .
[B o n d * —PrincI
IN T E R E S T O K D IV ID E N D S .
Size, or
,pal,Wben Due*
Am ount
Rate per When Where Payable, and by S locks —Last
Par
F or explanation of column headings, Ato., Bee notes
of I of
Outstanding
CenL
Payable
whom.
Dividend.
on first page of tables.
Hoad. Bonds Value.
__________________ RAILRO AD S.-----------------------1MUeg | Date
Texas dt V a c ific — (C o n c lu d e d ).
1st consul, mort. for $25,000,000, gold............ c 1.407
2d ©onsoL M. ($25,000,000), gold (see rem .)-----c* 1.407
r Oar trusts (as on Jan. 1, 2>93..............................
38
Texas S a b in e V al
Af. i r . - l s t M. $12,000 p.m.. g..c
T h ir d A v e n u e — See “ MISCELLANEOUS C o m p a n ie s .’
T io g a H U .—S ta c k '$180,700 Is preferred)...............
46
1st M.t due 1882 and extended, g o ld ....................
Third-rail m ortgage.............................................
46
Extension Iwuids...................................................
7
Elm ira State Line Railroad 1st mortgage, guar..
T o le d o A n n A r b o r d- N o r th M ic h ig a n ^-Stock..........
*63
Toledo Ann Arbor A Gr. Trunk 1st niortg., gold.
Tol A. A. A N. M. 1st M., liue to St.Louis.MicU.g.
*21
ToL A. A. A ML Pleasant 1st mortgage, goid-.o*
63
Tol. A. A. A Cadillac 1st mortgage, gold......... o*
40
Tol. A. A. A L . Micli. 1 st M „ Cadillac to Copemish..
Consol mortgage for $10,000,000, gold.............o* 278
Car tru sts..................................................... --- --T o le d o • o lu m b u s < C in c in n a t i— Se e T o l e d o A O hi o C en
t■
T oled o d O h io • en tra b —Common stock....................
Preferred stock......................................................
197
1st mortgage, for $5,000,000, gold.......................
81
Western Div. 1st mort. f«*r $2,500,000, go ld ....c*
Car trusts. Series 2, 3 and 4 ...............................
T o le ilo d O h io C e n tra l E x te n s io n —Stock..................
45
M arietta Mineral lRt mortgage, gold........... .—
60
Consol, mortgage for $1,500,000, gold.............. o’
230
T o l. B eorU t <£ West.—Stock......................................
230
1st mortgage (for $5,000,000), gold — .......... o’
230
Scrip for coupons in 1888 (payable at w ill).......
1888
1888
1888
$1,000 $21,037,000
1,000 23,158,000
332.899
475.000
1.000
50
1852 500 Ac.
1.000
1876
1,000
1875
1875 500 Ac.
100
1,000
188*1
1883
1,000
1,000
1886
1,000
1886
1,000
1889
1,000
1800
tr a l
.
1885
1892
'87-90
100
100
1,000
1,000
100
1885 100 Ac.
1,000
1888
100
1,000
1*8*87
1888 .Various
G e n e r a l F inances .—In August, 1892, the U. 8. Circuit Court
granted an injunction against enforcement by the Texa-» State RR.
Commission of the low tariff for freight imposed about Sept. 1, 1891.
See deoisiou V. 55 p. 314, 332. No interest was paid on s ccond mort*
gageincom es March 1. 1892. See provision above, and V. 54, p. 486.
On Jan. 1. 1893, besides car trusts as in table, there were outstanding
$323,280 bills payab'e. (See V. 56, p. 460.)
.Latest E arning s .— From Jan. 1 to Mar. 7.1893 (21 months), gross
*
earn mgs were $1,302,101, against $1,227,013 in 1892.
A n n e a l R epo rt .— Fiscal year ends Dec 31. Annual meeting is held
In New York on the third Wednesday in March. Report for 1892 was
In the Ch ro n icle , V. 56, p. 460.
1889.
1890.
1891.
1892.
Tot. gross earnings.$6,917,802 $7,327,711 $7,226,462 $6,987,701
N et earnings............ 1,671,744
1,467,006
1,510,741
1,309,492
Other receipts.........
178,909
151,156
96,151
115,920
580.900
239,500
125.000
265.000
160.000
6.500.000
1,2(50,000
2.120.000
400.000
1,260,000
600.000
725.000
148.000
J. & D. N.Y.M er. Tr. Co.,A Phil,
None paid.
£ g* Mch. 1.1
5 g*
June 1, 2000
Dec. 1, 2000
5'g. J. A J. N. Y . office, 15 W all SL July 1, 193®
M. A
A
A. A
A. &
I s- M.
7
7
” <Tg.
6 g.
6 g.
6 g.
J.
M.
M.
M.
J.
5 g. J.
See text. See text.
3.708.000 5 per an.
3,000.000
5 g.
1.200.000
5 g.
377,738
1.500.000
650.000
850.000
4,076.900
4.800.000
I 8135.000
if:
A
A
A
A
A
A
N. PhiL.Newbold’sSonACn Nov. 1, 1915
N. N. Y., N. Y. L. E. A W. Nov. 1, 1896
O. Elmira,ChemungCo.Bk. Oct. 1, 1905
0.1
do
do
OcL 1, 1905
J. N. Y ., Fann. L. A Tr. Co. Jan. 1, 1921
N. N. Y., Office, 29 B ’way. M ay 1, 1924
S.l
do
do
8epL 1, 1916
S.
do
do
Mch. 30,1917
J.
do
do
July 1, 1919
J. N. Y., Farm . L. A Tr. Co. Jan. 1, 1940
Q .-F .
Q.--j .
J. A J.
A. A O.
Quar.
N. Y., Central Trust Co. Nov. 25,1892
do
do
Jan. 25, 1893
do
do
July 1, 1935
do
do
OcL 1, 1935
Quar. instal.
M. A N. N. Y ., Coffin A Stanton,
M. A N.
do
do
May 1, 1915
Nov. 1, 3933
J. A J. N. Y., Moran Brothers. July 1, 1917
A pril. |N. Y .,F a rm . L. A T r . Co. A p r. 1, 18J3
O r g a n iz a t io n .— Formed after sale in foreclosure of the Ohio Central
main line on An ril 15, 1885. In October, 1890, a large interest in the
Kanaw ha A Michigan (which see) w as acquired. The Toledo Columbus
A Cincinnati w as purchased in 1892—see terms V. 55, p. 590.
C a p it a l Sto c k .—Common stock w as increased in February, 1891,
from $1,849,000 to $4,849,000, and on Sept. 29,1892, stockholder*
voted to increase it further to $6,500,000, for extensions, rolling stock
ami improvements. See below and V. 55, p. 322, 545, 590.
The preferred is entitled to 5 percen t uou-cumulative, then common
to 5, then preferred to 2, then common to 2, then both share, pro rata.
D iv id e n d s .—On common: In 1891, 2 p e rc e n t; in 1892, Feb., 1 ;
May, 1; Aug., 1; Nov., 1. On pref. 14* quarterly siuce Oct., 1890.
P r ic e of Sto ck .—Common : In 1890, 4 2 ^ ® 6 8 l >; in 1891, 44® 61j
in 1892, 45®52L2; in 1-93, to Mar. 17, inclusive, 50®50.
Price of preferred stock: In 1890,
iu 1891, 78® 88 ; in
1892. 75® 88 ; in 1893, to Mar. 17, inclusive, 79®85.
B onds .— First mort. is for $5,000,000, but no more than $3,000,000 can
Total incom e.,..$1,850,653 $1,618,162 $1,606,892 $1,425,412 be issued except by conseut of three-fourths of the present bondholders.
Paid rentals, etc...... $109,665
$94,978
$82,079
$*4,955 The Columbus Hocking Valley A Toledo in September, 1892, gave
Interest on debt....... 1,279,490
1,279,490
1,279,490
1,279,490 notice that its guaranty of interest on this 1st mort. would b « disre
garded as no consideration had been given. See V. 53, p. 436.
Surplus for year.
$461,498
$243,694
$245,323
$60,967
Western Division m ortgage for $2,500,000 w as authorized in Septem
N ew equip. Areal est.
174,164
390,383
212,302
204,424 ber, 1892, and covers the road purchased in 1892 from Toledo to
Ridgeway, 8 L miles, and the extension thereof to be built to Columbus,
Balance.............. $287,334def.$146,689 sur.$33,021 def.M 3.457 about 50 miles, and (also subject to the first m ortgage of 1885). the rest
— (V. 53, p. 257 : V. 54, p. 367, 410, 4 8 3 , *8 6 ; V. 55, p. 314, 332, 857; of the system; $500,000 bond* are reserved for terminals and extra
V. 56, p. 4 6 0 , 465.)
equipment. See V. 55, p. 322, 545, 590.
T e x a s S a b in e V a l l e y & N o r t h w e s t e r **.—Longview Junction,
The Toledo A Ohio Central guarantees the interest on $300,000 To
Texas, to Carthage, Texas, 38 miles. Extension of 30 miles proposed ledo A Ohio Central extension bonds, and principal and interest on
under charter of Texas A Sabine V alley RR. and in 1893 it w as pro- K an aw h a A Michigan bonds—see tho>e companies.
pos d to issue capital stock and execute new mortgage. In year 1892,
T oled o Columhus A C i n c i n n a t i .—E arnings from July 1, 1892*
gross, $51,348: net, $17,113, against $13,261 in 1891. Stock, $12,500 to Sept. 30, 1892 (3 months), gross $104,592, against $87,776 in
p er m ile: par, $100.
1891; net, $34,249, against $32,528. In year ending June 30,1892*
T i o g a . —State line junction, N . Y ., to Hoytville, Pa., 61 miles, and gross earnings on 72 miles were $328,132; net, $98,893; interest, 52,Blossburg, P a M to Morris’ Run, Pa., 3 miles, of which is leased State 500; rentals, 7,490 ; miscellaneous, $20,845; balance, surplus, $18,058.
Line, N .Y ., to Northern Central R ’y, 7 miles; and Arnot Junction to
L atest E arning s .—July 1,1892, to Jan. 31,1893 (7 months), gross,
Hoytville, Pa., 12 miles. Controlled by N. Y . L. E. A W. In year $1,297,727. agst. $1,159,072 in 1891-92 ; net, $472,803, agsL $399,423;
1891-92 gross earnings $350,041 (against $272,617 in 1890-91); net, earnings after Nov. 1 in both years include Tol. Col. A Cin.
$175,312 fixed charges, $71,067. (V. 53, p. 713 ; V. 55, p. 4 60 .)
A n n u a l R e po rt .— Fiscal year ends June 30. Annual meeting is held
T o l e d o A n n A r b o r & N o r t h M i c h i g a n , — (S e e M a p .)— Owns at Toledo on the first M onday in September. Report for 1891-92 was
from Toledo, O., to Copemish, 270 miles, and branches, 8 miles; in V. 55, p. 254, 677. Earnings on 235 miles have been as fo llo w s:
trackage, 4 miles; total, 282 miles. Proprietary line Frankfort A South
1888-89.
1889-90.
1890-91.
1891-92.
eastern RR., Copemish to Lake Michigan, 23 miles. Total 305 miles.
H is to r y .—This company is a consolidation of the several companies Gross e a rn in g s................$1,163,817 $1,388,749 $1,501,822 $1,561,339
$344,526 $545,639 $168,015 $506,306
whose bonds appear in its statement in the table above. In May, 1892, Net over op. ex.A taxes..
22,084
30,760
33,018
25,564
purchased the stock and bonds of the Frankfort A Southeastern. See Other income...................
V. 54, p. 763. In December, 1892, traffic contract was made with the
Total net income........... $366,610
$576,399 $501,033 $531,870
Green Bay Winona A St. Paul, which see. (V. 56, p. 247.)
$150,000 $150,000 $150,000 $150,000
B o n d s .—The tlrst mort. of 1881 covers the Southern Division, formerly Paid interest on bonds...
37,088
31,636
36.878
31,226
called the Toledo Ann Arbor A Grand Trunk Railroad, and the mortgage Interest on car tr u s t s ___
29,256
30,133
33,019
3 4,267
of 1884 covers road between Ann A rbor and St. Louis, Mich. Under R en ta ls............................
92,625
167,966
294.488
the consolidated mortgage of 1890 (trustee, Fan; ers’ Loan A Trust D iv id en d s..........................................
438
555
14,802
3,738
Company), sufficient bonds are reserved to replace di visional securities Miscellaneous .................
when due, and tl»e remainder are to be issued for new road at $18,000
$271,450
$98,368
$18,151
per mile of new lines, with $500,000 for terminals, Ac., but limited to Balance, s u rp lu s ............. $149,828
$10,000,000 in all. (V. 50. p. 423.)
— (V. 55, p. 2 5 4 , 322, 545, 590, 6 7 7 ; V .5 6 ,p . 71.)
In February, 1893, $300,000 stock and $300,000 consols w ere issued
for facilities for trans-lake traffio. See V. 56, p. 247. Car trusts Dec.
T o l e d o A O l i i o C e n t r a l E x t e n s i o n . —( See M a p .)— Ovn\9 from
31, 189*2, $144,407.
Marietta to Newton, Ohio, 45 miles, connecting with the ToledoA Ohio
L atest E a r n in g s .—F rom Jan. 1 to Mar. 7,1893 (2 ^ months), gross Central main Line; branches to Stewart, etc., 15 miles; trackage Marietta
to Moore’s Junction, Ohio, 3 miles. Total, 63 miles. In 1888 purchased
earnings $225,266, against $170,399 in 1892.
A n n u a l R epo rt .— Fiscal year cuds Dec. 31. Report for 1891 in V. the Marietta Columbus A Northern (form erly M arietta Mineral), and in
55, p.296. Approxim ate statement for 1892 with balance sheet of 1892 completed extension to Newton. Consolidated m ortgage issued
Dec. 31 was in V. 56, p. 247. Transport service across Lake Michigan to build extension and for equipment and $650,000 held in escrow tc
pay oil' the Marietta M ineral 1st mortgage at maturity. Of these
w as begun ubout Dec. 11,1892, and im reased earnings largely.
„
1890.
1691.
1892 (e s t.) bonds $300,000 (Nos. l to 300) have interest guaranteed by the
Toledo A Ohio Central RR. Co. In 1891 gross earnings, £196,978: net
Average mileage........................
2H4
284
Gross earn lugs............................. $1,127,208
$977,225
$1,122 448 $88,638; interest, $74,212; rentals, etc., $3,225; balance, sur., $9,201
Operating expenses.....................
712,008
579.353
667,448 In 1890 gross, $109,312 ; net, $58,036.
T o l e d o P e o r i a A W e s t e r n . —Owns from Indiana State iin*
to W arsaw, 1 1 220 m iles; branch, L a H arp e to Iow a, 1 1 10 miles
1 .,
1 .,
tjackage to Peoria and Burlington, la., 17 miles; total operated, 24'
miles. H is t o r y —Formerly leased to W abash; sold in foreclosin'
Surplus for year........................
$53,927
$1,275
$57,000
October 29, 1886. Sto c k , $4,500,000, of which $ 423,100 is iu tin
Janies M. Ashley, President, 29 Broadwav, N ew York. (V. 53. n.
treasury. B onds .— Abstract of m ortgage (Charles Moran, Thomaj
969; V. 54,763; V. 55, p. 2 9 6 ; V. 56, p. 81, 247.)
Denny and Cornelius B. Gold, trustees) V. 45, p. 242. The oompan
T o l e d o C o l u m b u s A C i n c i n n a t i . —Sec T o l e d o A O h io C e n t r a l . funded part of coupons in 1888 into 4 per cent scrip certificates du
T o l e d o A O h io C e n t r a l .— (S ee M a p )— Owns from Toledo. O to A p ril 1, 1893, but redeemable at option of the company.
Corning, 184 miles,including 12 miles leased; Thurston to Columbus
L atest E a r n in g s .—From July 1, 1892, to Jan. 31,1893 (7 months
29 miles, including 5 miles leased; total owned, 197 miles. Leases also, gross $605,756, agst $634,463 in 1891-2 ; net, $163,176, agst. $192,666
Corning southwardly, 13 miles; Glouster to Carrington, 1 1 miles*
A n n u a l R e po rt .— Fiscal year ends June 30. Report for 1891-92 i j
total leased, 41 miles; total onerated July l. 1892, 238 miles. On Nov*
1, 1892, began operating also from Tol. do, O., to Kenton, 7 i miles V . 55, p. 503, showed results as fo llo w s:
Earnings.
Net Revenue.
In t.A Taxes.
Surplu
(formerly T. C. A C j , making total operated 313 miles. Line is com
$227,635
$227,205
$1pleted from Kenton to I idgeway, 10 miles, but not iu operation
By 1889- 90.......... $938,830
243,566
230,263
13,3<
building from Ridgeway to Columbus, O., 50 miles, company w ill have 1890- 91......... 926.548
282,605
232,003
50,6
<
a double track from Toledo to Columbus and a short route to Chicago 1891- 92..........1,017,791
v ia the Chicago A Erie. V. 55, p, 590.)
6
— (V. 51, p. 303, 4 5 6 : V. 53, p 4 0 7 ; V. 54, p. 889; V. 55, p, 50
Net earnings.............................
Interest, taxes, etc......... ............
$415,200
361,273
$397,872
396,597
$455,000
398,000
BAII/ROAP
STOCKS AND
BONDS.
139
INVESTORS’
140
SUPPLEMENT
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INVESTORS’ SUPPLEMENT.
142
[V ol . L\ I.
S u b s c r i b e r s w i l l c o n f e r a e r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n tb e s e T a b le s .
R A IL R O A D S .
on first page of tables.
I o le d o St. L o u is £ K a n s a s C ity . —Common stock...
Preferred stock, 4 per cent, non cumulative......
1st mortgage, gold (redeemable at 105)...........c
Equipment contracts..........................................
l o l t a o S a g in a w a- M u sk e g o n —Stock.......................
1st mortgage, gold...............................................
To le a o £ S o u th H a v e n .............................................
T o le d o W a lh o n d in g V a lle y £ O h io — Stock..............
T o ro n to d re y £ B r u c e — See Ca n a d ia n P a c if ic .
T ra v e rs e C ity JtJt.—Stock.......................................
1st mortgage, rental guaranty, Gr. Rap. & Ind..
B o n d s —Princi
IN T E R E S T OR D IV ID E N D S .
Miles D ate Size, or
pal, When Due.
Amount
Par
Rate per When Where Payable, and by S loe s —Last
of
of
Outstanding
Cent.
Payable
Road. Bonds Value.
Whom.
Dividend.
451
451
451
1886
96
1888
$100 $11,250,000
100
5,805,000
1,000
9,000,000
397,805
1,600,000
1,000
1,560,000
1891
10 0
1,000
26
1883
100
1,000
78
1,000
1888
100
1893 500 &c.
125
125
T u n n e l R R . o f St. L o u is — S ee T e r m in a l A ssn , oi St . L „ in M is CELLAN
100
U ls te r £ D ela w a re —Stock ($3,000,000 authorized)..
Consol. M. for $2,000,000, gold ........................ c:
U n a d illa V a lle y — Stork..........................................
1st M., $250,000, $12,500 p. m.. gold, red. at 110
U n io n E le ra te tl— S ec B r o o k l y n E l e v a t e d .
U n io n Pa cific, —Stock................................................
.,
1st mort., Omaha to near Ogden, 1,035 m iles...... 1,035 1866-9
2d mortgage, currency (Government subsidy) — 1,035 1866-9
8. F. 3d M. on road (2d on land) g., $ & £ .........c»fcr 1,035 1874
4 1871
Omaha bridge bonds (s.f. drawn at 110).gold.c\fcr
4 1885
Renewal (sinking fund, not draw n), gold.
140 1865
Kansas Fae. Eastern Di v. 1st M. ,$16,000 p.m. .gold
Middle Div. 1st mort., $16,000 per mile, g o ld .. 253 1866
2d mortgage (toU. S. Gov.) ou394m .W . Mo. R. 394 1865-7
32 1866
Leavenworth Br., 1st M. (*582,000 in tru st)...
106 1869
Denver Pacific, 1st M. gold ($1,971,000 in trust)
100
1,000
1,000
1,000
£200
1,000
1,000
1,000
....
1,000
1,000
T o l e d c M . L o i u n Sc K a n s a s C f l y . — (S e e M a p ) — R oad —Owns
from Toledo to east St. L< uis. 451 miles (Olio lbs. steel); sidings, etc.,
72 miles, also has trackage to St. Louis and Toledo Union depots.
H is t o r y .—This company was formed June 12, 1886, by consolida
tion, ahB it took all the main line of the Toledo Cincinnati & St. L oris
■
narrow-gauge road, foreclosed December 30,1885. In June, 1890, the
work of standard-gauging the road v as completed.
Sto c k .—T he preferred is a 4 per cent coupon stock, non-cumulative,
and without voting power, but the certiticates contain the follow in g
provisions; “ This stock constitutes a lien upon the property and net
earnings o f the company next after the company's existing first mort
gage. The company will create no mortgage o f its main line other
than its first mortgage, nor of any part thereof, except expressly
subject to the prior lien of this certificate, without the consent o f the
holders of at least two-tliirds o f this stock present at a meeting.”
B o n d s .- The first mortgage, $20,000 per mile, covers the terminal
property at Toledo and E. St. Louis. The bonds are redeemable at 105
and interest upon six months’ notice, but not less than the whole issue
can be called for payment. Total authorized issue is $9,800,000, of
which $800,000 held' by the Fanners’ I oan
Trust Co. (with J. E.
McDonald, mortgage tmstee) are to be sold only on completion of cut
off from Dupont, O., to Decatur, Ind. Abstract of mort. in V. 45, p. 403.
On Nov. 14,1892. preferred stockholders voted down a proposition to
Issue a 4 *2 nor cent consol, m ortgagefor$ l 3,500,000. (See V. 55, p. 639,
857.) On July 1. 1892. there were outstanding $450,297 notes p ay
able, and $397,865 equipment contracts.
2,500.000
1,500,000
205,000
250,000
EOUS.
1,794,600
1,518.000
200,000
N il, Feb., ’93
60,868,500
27,229,000
27,236,512
5,419,000
732,000
889.000
2,240,000
4,063.000
6,303,000
18,000
4,000
6 g- J. & D. N. Y., Bk. of No. Amer. June 1. 1916
Monthly.
5
j.
&
j.
4b! g. j .
&
j
. N .Y ., Farmers’ L ’n A T r.
. &
j
. N. Y., W inslow ,L. & Co. Jan. i , 1 9 3 3
3
j
N. Y., Office, 271 B ’way. July 1, 191&
J u ly 'l',’ 1935
5 g. J. A D. N. Y ., Central Trust Co. June 1, 1928
5 g- J. A J.
134
6
6
8
8 g.
5 g6 g.
6 g.
6
7
7
N e w York City.
Jan. i , i9 3 £
Q.— J.
Apr. 1, 1834.
J. & J.
1806 to 1899
■ . A .J U.S. Treas., at maturity. 1896 to 1899
T
.
M. & S.
8ept. 1, 1893
A. & O.
Apr. 1, 1896
A. & 0. N.Y., Union Tr., «fc Bost. Oct. 1, 1915
F. & A.
Aug. 1, 1895
J. & D.
June 1, 1*96
1895 to 1897
M. & N.
Jan. 1, 1896
M. A N.
do
do
M ay 1, 1 8 9 »
road and the Kansas Pacific and D enver Pacific, made under authority
>t the acts of Congress of July 1, 1862, and July 2, 1864. The Union
Pacific Railroad w as chartered by Act of Congress of July 1, 1862,
which gave the company a lar.d grant of 12,800 acres per inile, esiiniatcd at a total of 12,083,227 acres, and a subsidv in United Staiee
bonds of $27,236,512 on 1.033 miles of road. The Kansas Pacific had
a subsidy 01 $6,303,000 and a land grant of about 6,000.000 acres.
Since the consolidation in 1h8<> much additional m leage has becii
built ami acquired through subordinate corporations, a controlling
interest in whose stock is held by the U. P. See separate statements
for companies marked with an asterisk in table of mileage above.
In Novem ber, 1890, there w as a change in the management of the
Union Pacific, Messrs. Sidney Dillon, Jay Gould, Russell Sage, H . B.
Hyde and A . E. O n becoming directors. SeeV. 51, p. 748; V.54, p .72 5.
Ca p i t a l Sto c k .—The capital stock issued and outstanding is $60,868,500, having been increased about $10,000,000 since 1880.
D iv id e n d s —Since 1879— In 1880, 6 per cent; in 1881, 6% ; in 1882„
7 ; in 1883, 7 ; in 1884, 3h*; none since.
P ric e of Sto c k . - In 1888,48@66L2; in 1 8 8 9 ,5 6 ^ 7 1 M : in 1890,40
® 6 8 ^ ; ju ]8 9 1 .321
4'S'521 ; in 1892, 35
2
50*4 ; in 1893, to Mar. 17,
inclusive, 35®425s.
D e b t to U . 8.— Interest on the U. S. loans is not obligatory till the
principal is due, but the Thurm an act of May, 1878, provi es that
25 per cent of the net earnings after deducting interest on the first
mortgage bonds and construction and equipment expenditures
L a t l s t E arnings .—From July 1 to Sept. 30,1892 (3 months), gross, shall be
applied
annually to
interest and sinking
fund.
$666,173, against $582,489; net, $205,975, against $184,057.
On January
1, 1892,
the
sinking
fund, invented in RR.
A n n u a l R e to rt .- Fiscal year end-* June 30. Report for 1891-92 and U.8. bonds, (par value) w as $10,361,500, and the premium paid on
with balance sheet w as in V. 55, p. 542, showing gross earnings $2,- bonds and cash uninvested w as $1,912,625 ; total, $12 274,125. The
078,416, against $1,672,781 in 1890-91; net, $480,315; interest,
debt to the United States on Jan. 1. 1893. was thus stated: Principal,,
$523,310: balance, deficit, $42,995. N. Y.office,44 W all Street.— (V. 53, $27,236,512; interest accrued and not paid, $817,095; interest paid by
p. 126, 368, 804; V. 54, p. 598,725; V. 55, p. 463, 54 2,639,766, 857.)
United States. $39,665,567; repaid by Union Pacific. $13.567,643 ;
T o le d o S a g in a w & M u s k e g o n .—
-From Muskegon, Mich., to Ash balance of interest paid by U. S„ $25,659,515. On Kansas Pacific
ley, Mich., 96 miles, connecting with the Toledo Ann A rbor & North there w as due the Government, Jan. 1, 1893. for principal, $6,303,000;
Michigan. On August 1,1888, the Grand Trunk of Canada purchased interest, $'>,432,676. A s to report of Government directors in Sept..
the $1,600,000 stock and above bonds were issued having a traffic guar 1892, see V. 55, p. 545; also ee V. 55, p. 895.
antee from that road and the Chicago & Grand Trunk. In 1891 gross
G u a r an t ie s .—The U. P. guarantees either as to principal and interest,
earnings were $114,143; net, $18,752 ; interest, $78,000.
or h►to interest only, certain securities of the following companies, full
T o l e d o AVa I B o n d i n g V a l l e y Ac O liio —Owns road in opera information concerning which will lie found -luder their respective
tion from Toledo Junction to Toledo, O., 80 miles, and extension heads Leavenworth Topeka & Southwestern; Oregon Short Line &
completed A p rli 1,1893, from Loudonville. to Coshocton. O., 45 miles. Utah N orthern ; Oregon R ailw ay & Navigation (through guaranty o f
A consolidation of the Northw. Ohio and the Wallion. Valiev Railways. lea se ); St. Joseph A Grand Islan d ; U nion'Pacifit D enver & Gulf, and
Leased for net earnings to the P» nnsylvania Company, which guaran Union Pacific Lincoln & Colorado.
tees principal and interest of the bonds. The mortgage is for $4,000,B onds .—Outstanding bonds above are given including the amounts
000; there is a sinking fund of 1 per cent, if bonds can be purchased at owned January 1.1892, and pledged as part security for collateral trust
par or less; otherwise it lapses, the bonds not being subject to call. notes ol 1891. The amounts so pledged were Omaha Bridge bonds,
In 1892, gross, $506,238; net. $97,625; hire of equipment, $23,658. $5 600; do. renewal, $145,000; equipment trust, Series C, $671,000;
In 1891 gross, $460,241; net, $88,001.
collateral trust, 4 his, $237,000; Kansas Division and collateral bonds.
U l s t e r Ac D e l a w a r e . —Owns from Rondout (Hudson River), N. Y ., $5,000,000; $1,000 Denver Extension bonds.
toStam foid, N. Y., 74 miles; branch to Hobart, 4 miles; leases D ela
The Union Pacific c o lla t e r a l tru s t 6? are limited to 80 per cent of the
w are < Otsego RR., Hobart to Bloomville, 9 miles; total, 87 miles. following bonds ; Omaha & Republican Valley RR., $911,000; Colorado
fc
In 1890 parties interested in the N ew York Central and Delaw are & Central RR. bonds, $1,845,000; U tah Northern RR., $2,093,000; total,
Hudson came into control. The balance of consols unissued is reserved $4,849,000. The c o lla te r a l tr u s t 5s of 1883 are secured by the following
for future extensions. Tue D elaw are v Otsego which is leased for 999 bonds; Colorado Central RR., $1,235,000; Utah Sc Northern RR., $ l tfc
years from Feb. 1. 1893, at nominal rental of $ 1 per annum is to i»e 974,000; Omaha & Republican Valley Railroad. $605,000; Omaha St
extended to Oneonta, 27 miles in all. To acquire this property stock Republican Valley R a ilw a y , $1,910,000; Utah Southern RR. extension.
w as increased $100,00< and consols $125,000.
>
$83,000; total, $5,807,000.
E a r n in g — - F rom July 1. 1892. to Jan. 31. 1893(7 months), gross
The c o lla te r a l tr u s t 4 ^ s of 1889 on Denver Leadville < Gunnison
fe
$274,855, against $248,693 in 1891-92 ; net. $97,658, against $9f,440.
In year ending June 30,1892, the gross earnings were $399,866 ; net, Railroad (formerly Denver South Park & Pacific) are secured by mort
$111,927; interest. $69,650; surplus, $42,277. In 1890-01 $ 3 76 144; gage bonds on that narrow-gauge road at $11,000 per mile, $22,200 p er
mile being authorized for extensions.
There is a sinking fund, but
net, $118,617. (V. 53, p. 6 0 3 ; V. 55, p. 597; V. 56, p. 403.)
bonds cannot be called. Company’s stock is owned by Union Pacific.
^ n l o n P a el fi c t R a J1w a y . - ( See M a p .)— Lines owned directly.—
The K a n s a s P a c i f i c b ond s above are given less the amounts of each,
class held by the trustees of the consolidated mortgage The con
solidated mortgage trustees w ere Jay Gould and Russell Sage, and
they held in trust on January 1, 1892. the following bonds of tlifr
Kansas Pacific, making $6,786,850 in all, viz.: Leavenworth Branch.,
$582,000; income (unsubordinated) bonds, $241,200; income (subordl
the following lines
nated) bonds. $3,992,650; Cheyenne Branch, Denver Pacific bonds, $1.L in e s ow ned £ c o n tr o lle d . M ile s .
L in e s ow ned £ c o n tr o lle d . M ile s .
Union Pacific.........................1,822 *Kansas City
Omaha......... 193 974,000. They also held $183,000 U. P. collateral trust notes and
Denv. Leadville & Gunnison 325 *U n ’n Pae. Denver & G u lf... 985 $1,980,500 of the stocks and $3,160,000 ol bonds of companies con
K ansas Central..................... 165 *Ft. Worth A Denver City___ 469 trolled by the Union Pacific.
The K a n s a s P a c ific c o n s o lid a te d m o rtg a g e covers the road from Kansas1
Omaha < Republican V a l___ 4*2 *U. P. Lincoln & C olorado... 225
fc
^Oregon 8. L. & Utali Nor..... 1,425 Six small roads....................
269 City to Denver, and branch, 673 miles, subject to the divisional bonds(to retire which sufficient bonds are held) and the United State- lien.
*Ore. R A N. Co.’s, rail lines.1,059
I 11
A pril, 1891, a new loan for $20,000,000 of 5 per cent bonds was
*8t. Joseph A Grand Isl’d___ 251
Total “ Un. Pnc. Sys.” .. .7,672
A
These properties, having securities o f tlieirown held by the public, authorized, to be called the Kansas Division and Collateral Mortgage*
but these bonds were only hypothecated as collateral.
are separately described in this Su p p le m e n t .
O f the $18,530,000 c o lla te r a l m i s t g o ld notes which w ere Issued
A lso controls the Central Branch Union Pacific and leased lines (388
in August, 1891, to fund floating debt $6,834,000 had been retired
j y j 1 cl,.+,are, , 01
1
'♦‘t'yfrd by the Missouri Pacific under an
through sale of collateral prior to Mar. 22, 1893. A full abstract of the
agreement with Union Pacific for twenty-five years from 1885
Also owns jointly with other companies the Leaven worth Topeka & trust deed was given in V. 53, p. 528-531. The stocks deposited carry
47_ r n
M*mhattan Alm a A Burlingame, 56 miles; the control of all the most important branches of the system. TheMoutaim Union, 72 miles; grand total of all lines, including one-lialf notes arc redeemable at the company’s option at par on 30 days notice,
Hues operated jointly, 8,147 miles.
d l A condensed list of the collateral as it stood Jan. 1, 1892, when
$18,293,000 of ihe notes were outstanding, was in S u p ple m e n t for
f A ^ E 0 V; <Vc-—
w
company, the Union Pacific B a il w ay, was September, 1892. Since then the reduction of the outfit mdiug note*
fOiHied by a consolidation, January 24,1880, of the Union Pacific R ail has been accompanied by diminution in the collateral. V. 55, p. I l l I X
149
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144
INVESTORS’
SUPPLEMENT.
fV o u
LTV I.
S u b s c r i b e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d i n t h e s e T a b l e s .
Bonds— raici
P
IN T E R E S T OR DIVIDENDS.
R AILRO AD S.
Miles Date Size, or
pal, When Dne.
Amount
Par
of
Rate per When Where payable, and by Stocks—Last
of
F or explanation o f column headings, Ac., see notes
Outstanding Cent.
Payable
Road. Bonds Value.
Whom.
on iirst page o f tables.
Dividend.
Thxum Pacific—(Concluded.)
Kan.Pao.Den.Ex. 1st M.,2,102,000 acres,g. .c*£r
Lnoome mortgage ($242,450 held in trust)......c
Income M., subordinated, $3,992,650 held in tr.
K.P.Cons.M. $30,000,000, l.gr. gold, notdr’n.c*
U. Pac. collateral trust, gold, s. f. drawn at 105.0*
Collateral trust o f 1883, gold, s. f. not dr’ n.........
Oollat. trust,Den. L. A Gun. ($3.250,000),g ....... c*
Kan. Div. and Col. Tr. M., g., red. at 110........ o*<fcr
•Collat. trust gold notes for $24,000,000........... c&r
Equip, bonds Series A, 110 due yearly in Oct . c*
Do
Series B, ljo due yearly in A p ril—
Do
Series C, f io due yearly in October.
-Vnion Pacific Denver <■Gwi/—
£
Stock for $36,000,000
Colorado Central 1st mort., $15,000 per m....... c
Denver Marshall & Boulder 1st mortgage..........
Denv. Tex. & Ft. Worth 1st M. ($20,000 p.m.)g.c
Denver Texas A Gulf 1st M. ($20,000 p. m.)g..c<fcr
U.P. Den. & Gulf con. M.,gold, sub. to call at 105.c:
Ft. Worth AD env. City 1st M., $18,000 p. m., g.c*
iUnion Pacific Lincoln < Colorado—Stock...............
£
1st M. ($20,000 per mile), gold, guaranteed— o*
United N. J. 11R. dt Canal Co.—Stock, 10 p. c. guar..
G e n e r a l ster. loan, s. f. $36,920 yr. not dr.,g.<
do do ’
Mortgage
of 1871
(now 1st loans of 1901, gold,
m ort) se loan o f 1908, gold.,
cures all loan of 1923, gold...
equ a lly.. J loan o f 1929, gold.
328
30
165
138
824
450
1869 $1,000
1866
50 Ac.
1866
1,000
1879
1,000
1879
1883
1,000
1,000
1889
1,000
1891
1891 l.OOO&c
1,000
1887
1,000
1888
1,000
1890
100
1879
1,000
1,000
1886
1,000
1887
1887 1,000*0
1,000
1890
1,000
1881
225
1888
236
661
661
675
325
767
'd
1869
1871
1871
Jj g
’73-’76
9 Tl 1878
1883
S “ 1889
1,000
100
£200
200
1,000
1,000
1,000
1,000
1,000
L a n d G r a n t .—The proceeds o f land sales on the Union Pacific main
line are applicable to th e sinking fund mortgage 8 per cent bonds. On
the Kansas Pacific the cash income from land belongs to to the consoli
dated and the Denver Extension mortgages. On January 1,1892, the
company had in cash and in land contracts from the Union Paciflo
grant aggregated $5,453,439, and the interest to accrue on land con
tracts was estimated at $1,150,000. On same date the U. P. lands un
sold were 2,986,000 acres, estimated at $2,344,000; the Kansas Pacific
lands unsold, 3,164,000 acres, estimated at $10,100,500, this last in
cluding 2,102,000 acres, valued at $5,340,000, covered by Denver E x
tension mortgage.
F i n a n c e s , A c .— 1 he company for a number o f years extended rapidly
T
and built and acquired much new mileage, but under the express
covenants o f the trust deed securing the collateral 6 per cent gold
notes no extensions can be made, no leases or guaranties o f any kind
assumed, no bonds issued, extended or endorsed upon any part o f the
system without the unanimous consent o f a committee consisting o f J.
Pierpont Morgan, John A. Stewart, Edward King, F. A. Ames and
A. E. Orr. V .55 , p.545.
L a te s t E ar n in g s .—From Jan. 1 to Jan. 31,1893 (1 month), the gross
earnings o f all lines operated were $3,163,222, against $3,214,128 in
1892 ; net, $956,123, against $999,328.
A n n u a l R e po rt .—Fiscal year ends Dec. 31. Annual meeting in Bos
ton last Wednesday in April. Report for 1891 at considerable length
in Ch r o n icle , V. 54, p. 719, 722; see article p. 705.
For the years 1892 and 1891 results were as follows, the net earnings
being given before deducting taxes.
/ Gross Earnings.---- .
---— N et Earnings.------»
Jan. 1 to Dec. 31.
1892.
1891.
1892.
1891.
Oregon S. L. A U. N . $7,201,200
$7,574,457 $2,902,549 $3,000,305
O. Ry. A N . rail lines 4,831,793
5,673,172 1,511,073 1,856,784
Un. Pac. Den. A Gulf. 5,885,526
5,746,964 1,466,689 1,462,492
St. Jo. A G ra n d ls l’d. 1,266,699
983,663
467,813
252,761
A n o th e r lines......... 23,949,880
22,721,332 9,570,737 8,458,349
Tot.“ Un.Pac.Sys.” .$43,135,098 $42,699,588 $15,918,861 $15,030,692
Cent. Br. A l ’ sed lines. 1,319,890
894,160
494,080
246,073
^sR’ds join tly own.
570,187
412,982
98,444
49,417
G ran d total of alL$45,025,176 $44,006,730 $16,511,386 $15,326,182
On the “ Union Pacific System” proper, operations were as follow s:
Year e n d in g Dec. 31—
1889.
1890.
1891.
A v erage miles operated..
7,389
7,562
7,668
Passengers carr’d one ml.
355,822,732 399,664,486
342,481,860
R ate per pass’gr per m l..
2*414 cts.
2*336 cts.
2*477 cts.
♦Tons carried one m ile ....1,950,241,673 2,115,988,741 2,192,287,955
♦Rate per ton per m ile...
1*405 cts.
1*381 cts.
1*343 cts.
G ross earnings............... $39,669,600
$43,049,248
$42,699,588
O perating exp and taxes.
26,013,551
30,811,164
29,160,278
$5,887,000
6 g- M. A N.
22,500
7
M. A 8.
19,000
7
M. A S.
11,725,000
6 g- M. A N.
3,827,000
6 g. J. A J.
4,875,000
5 g. J. & D.
2,044,000
d ^g. M. A N.
5,000,000
5 g. M. A N.
11,696,000
6 g. F. A A.
358,000
A. A O.
5
1,263,000
A. & O.
5
604,000
5
A. & 0.
31,151,700
4,701,000
7
J. A J.
226,000
5
J. & D.
869,000
5 g- M. & N.
1,153,000
5 g. A. A O.
15,726,000
5 g. J. A D.
8,176,000
6 g. J. A D.
2,184,800
4 ,479,000
5 S- A. & O.
21,240,400 10 p. an. Q .-J1,846,000
6 g. M. A S.
1,800,000
6 g. M. A S.
2,000,000
6
A. & O.
5,669,000
6 g. M. A 8.
841,000
M. * 8.
6 g.
1,824,000
^ S’ F. A A.
6,020,000
4 S’ M. & S.
=
N.Y.,Lond’n & Fran kft.
N. Y., Bk. of Commerce.
do
do
N. Y., Un. Trust & Boat.
do
do
do
do
do
do
M ay 1, 1899
July 1, 1916
J «ly 1, 1916
May 1, 1919
July 1, 1908
Deo. 1, 1907
Nov. 1, 1918
May 1, 1921
N. Y., D rexel, M. & Co. Aug. 1, 1894
$72,000 yrly.
do
do
do
do
210,000 yrly.
do
do
l io yearly Oot.
N. Y., Un. Trust A Bost.
do
do
do
do
do
do
do
do
do
do
July
June
Nov.
Apr.
Deo.
Dec.
N.Y., Union Tr. A Bost.
Phila. and N.Y., Offices.
Lond’n, J.S.Morgan A Co
do
do
Philadelphia, Penn. RR.
do
do
do
do
do
do
do
do
Apr. 1, 1918
Jan. 11, 1893
Mch. 1, 1894
Moh. 1, 1894
Oct. 1, 1894
Mch. 1, 1901
S ep t 1, 1908
Feb. 1, 1923
S ept 1, 1929
1,
1,
1,
1,
1,
1,
1909
1916
1937
1937
1939
1921
Or g a n iz a t io n .—Tills was a consolidation in April, 1890, of the Den*
ver Texas A Fort Worth and several Union Pacific lines. I t is con
trolled and operated under traffic contract by the Union Paciflo,
which guarantees the Denver A Gulf enough business to pay interest
and taxes. See V. 49, p. 720.
Sto c k .—Capital authorized $36,000,000, of which $31,759,082 had
been issued on January 1,1892, $13,251,882 of this being owned by the
Union Pacific Company and $3,406,800 by the company itself. In ad
dition the stock o f constituent companies outstanding on January 1,
1892, amounted to $2,078,010. In the table above the stock is given
as reported by the N. Y . Stock Exchange on March 17, 1893. The com
pany holds in its treasury $7,766,000 o f the capital stock o f $9,375,000
of the Fort Worth A Denver City R ailw ay Co., which see.
B onds .—The consolidated mortgage provides for bonds at $25,000 per
mile of single and $35,000 per mile of double-track o f completed ra il
way (and for further amounts on the pledging with the trustee o f cer
tain securities), sufficient bonds being reserved to retire the divisional
bonds at or before maturity. There is no sinking fund fo r the consols,
but the whole issue as an entirety is subject to call for payment at 105
on any interest day after six weeks’ notice. Consols are indorsed with
the U. P. guaranty o f interest. Abstract o f m ortgage in Y. 51, p. 244.
The amount o f consols outstanding in the table above is that re
ported by the N. Y. Stock Exchange in March, 1893. The Union Paciflo
report for 1891 gave the total outstanding January 1,1892, as $15,526,000, o f which the Union Pacific Co. held $7,330,000 and the com
pany itself $1,027,000.
See U. P. for the securities o f this company pledged as security under
U. P. trust deeds. The floating debt Jan. 1,1892, was $1,217,296.
L atest E a r n in g s .—Jan. 1 to Jan. 31,1893 (1 mos.), gross, $485,144,
against $443,044 in 1892; net, $139,213, against $83,371.
A n n u a l R e p o r t .—Report fo r 1891 was in V. 54, p. 719. The in
come from the Fort Worth A Denver City is not included in the gross
and net earnings in the table below, but the profit from its operations
is added to get the final result. For the year 1892 gross earnings, in
cluding the Fort Worth A Denver City, were $5,885,526, against
$5,746,964 in 1891; net, $1,466,689, against $1,462,462.
1890.
1891.
927
983
Average miles operated...........................
$3,732,244
Gross earnings........................................
$3,738,573
Year ending Dec. 31.
$809,901
$656,993
N et earns.,after deduct, taxes A oper.exp.
70,861
81,539
Add income from investments, A c .........
464,089
Total income.......................................
Interest on bonds....................................
Discount, interest and miscellaneous......
$880,762
$821,325
148,353
81,604
$1,202,620
$1,202,620
26,852
$170,521
$26,852
N et earnings (overtaxes).
$13,656,049 $12,238,084
$13,539,310 Balance, d eficit........................................
275,292
64,735
P. c. of op. ex to earn ....
65*58
71*57
68*29 Profit on Ft. W. A D. C. operations.........
The company’s income account, including results on all lines oper
Surplus for year.......................................
$37,883
$104,771
ated, w as as b e lo w :
__
_
. 1889.
1890.
1891.
—(V. 51, p. 143, 193, 244; Y. 52, p. 6 7 9 ; V. 54, p. 719.)
Net earnings.................... $13,656,049
$12,238,084
$13,539,310
U n io n P a c i f i c L i n c o l n & C o lo r a d o . —Owns from Salina to
Cent. B r’ch U. P net earn.
163,554
115,989
168,818
Investments out. of sys..
482,180
606,539
837,151 junction with the Kansas Pac. Ry. at Oakley, Kan., 225 miles. The bonds
Int. on S. F. 8 p. 0. bonds.
..............
...........
244,720 are guaranteed by Union Pac., by endorsement; trustee o f mortgage is
Lnt.on K.P.con.bds.rep’d .......................
381,300
377,100 the American Loan A Trust Co., of Boston; sinking fund o f 23 o f 1 per
M iscellaneous..................
145,855
93,946
172,955 cent yearly, but bonds cannot be drawn. Union Pacific owns all the
Total receip ts............ $14,447,638
Interest on bonds..............
$9,333,949
Sinking funds.....................
907,982
Div. on O. Ry. A N. stock..
1,095,114
D iscount and interest........
292,950
D iscount on bonds sold, Ac.
169,321
Loss on roads op. join tly..
96,042
Misc. incl. N. P. Ter. in t......
82,506
Pro fit an d loss....................
339,003
$13,435,856
$15,340,054
$9,604,496 $10,191,682
1,064,489
1,087,901
651,820
591,951
731,184
687,469
6 5 ,7 1 4
4,032
15,007
377,417
257,252
147,045
161,495
stock except what is held by certain counties in Kansas. In 1891 gross
earnings, $211,964; net over taxes, Ac., $107,509 (against $48,326 in
1890); traffic guaranty, $116,350; total net Income, $223,950; inter
est, $223,950, and sinking fund, $30,053; balance, deficit, $30,053.
U n i t e d N e w J e r s e y R a i l r o a d & C a n a l C o .—{See map Penn
sylvania R. R.) Controls an important system of roads in Northern
New Jersey, having a line from New York to Philadelphia, another
from Perth Am boy to Camden, opposite Philadelphia, and branches to
Long Branch, Berkeley, etc., N. J., and to Manunka Chunk, Pa. Total
mileage 450 miles. The principal lines owned directly are from Jersey
City to Trenton, 56 miles, and from Camden to South Amboy, 61 m iles;
T o ta l disbursements...
$12,316,867
$12,657,172 $12,981,782 9 branches. 29 miles ; total (owned directly) 146 miles. Also owns the
? Ur£ llJ8 : - Y ......... *..............
T
«
2,130,771
778,686
2,358,272 Delaware A Raritan Canal, 66 miles. Am ong the lines leased are the
U nited States requirements
1,155,007
1,053,723
1,293,230 Philadelphia A Trenton and the Belvidere Delaware—which see.
L ease . - Leased in May, 1871, to the Pennsylvania Railroad for 999
B a lan c e .............................. Sur. $975,764 Def. $275,037 Sur.1,065,042
years, at a rental of 10 per cent on the stock, besides interest on bonds.
- ( V . 53, p. 157, 187, 290. 368, 436, 475, 528, 570; V. 54, p. 526, 561, Pennsylvania Railroad owns $1,350,000 stock.
7 0 5 , 719, 722, 7 25, 1079, 1111; V. 56, p. 42, 84, 165.)
B onds .—The general mortgage o f 1871 is for $20,000,000 (trustee,
U n i o n P a c i f i c D e n v e r <fc G u l f .—(See Map.)—
This company’s Fidelity Insurance Trust A Safe Dep. Co. o f Philadelphia), and secures
road extends from Cheyenne, Wy., to Orin Junction, 154 miles; Denver equally all the bonds in the table, though issued at different dates. The
to Bessemer Junction, Col., 129 miles; Trinidad, Col., to Texas State 6s due in 1894 were plain bonds merely until secured by this indenture,
Line, Tex., 137 miles; La Salle, Col., to Julesburg, 151 miles; branches in 1889, $138,712; In 1890, $396,885. Sinking funds Dec. 3 1 ,1891,
(89 miles of which narrow gauge), 305 miles; total, 876 miles. Track held securities for $4,647,000 and cash uninvested $11,068.
age, Denver A Rio Grande, Gulf Junction to Trini bui, 92 miles, and
E arning s .—In 1891 gross $18,995,592; net, including income from
branches, 16 miles. Controls Fort Worth A Denver C ly RR., Texliue, investments, $4,587,220, against $5,134,976 in 1890. Net loss to lessee
Texas, to Fort Worth, 455 miles, and Pan-handle Railroad, 15 miles, in 1881, $302,864; in 1882, $568,759; in 1883, $635,914; in 1884,
making a grand total in system of 1,454 miles.
$593,536; in 1885, $159,496; in 1886, $179,016; in 1887, $227,991;
D ao«S S C ?‘oux
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145
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SUPPLEMENT.
fVoL. L V I.
S u b s c r i b e r * w i l l c o n f e r a irr e a t f a v o r b y s l v i n i r i m m e d i a t e n o t ic e o f a n y e r r o r d iw c o v e r e d I n t h e s e T a b l e s .
RAILR O AD S.
ou first page of tallies.
U tic a r h e n .d :S u sq . V a t.— Stock.fi p.c.gu. by D.L.&W .
U tic a C lin to n d l i i n g h 'tu n — IstM ., guar. O. &1I...C
V a lle y ( N . Y .) —Stock, 5 p. c. guar, b y 1>. L. & W ...
1st mortgage (for $500,000)................................
V a lie n ( O h i o ) — 1st mort., Cleve. to Canton, gold..c
Consol, inort. ($4,<M)O,OO0) gold, s.f.,not. dr’n.c*&r
V a lle y ( V ir g in ia ) — 1st mortgage for $1,000,000 ..t*
V e r m o n t dk Alans.—Stock, 6 p. c. guar, by Fitchburg
Bonds, not mortgage (guar, by Fitchburg RK.).c*
V e rn u m t V a lle - o f 1S71—Stock................................
1st M., with $500,000 Sul. Co. RR. stock as col. .c*
V ick s. S hrevep. d- P a c ific —Prior lien mort., gold, .c"
1st mortgage, gold............................................. c.'
3d M. and 1st M. on land, $2,500,000, gold....... e*
Ino. bds., non-cum. (there are also $127,000 old 6s)
V a. M id T d —St’ck ($4,524,233 owned by R.cfeW.P.T.)
Mort-, 1stser., IstM . Alex.to Gordonsv.&br.,97m.
2d series, 1st mort.. Chariot, to Lynch., GO m.).
3d series, 2d lieu on GO miles: 3d ou 97 m iles...
4tli series, 4 per cent till March 1,1901............
5th series, 1st on 115 miles..........................
6th series............................................................
Gen. mort., int. guar, by R. & D., $12,500,000.c*
General mort., prin. aud int- guar, (endorsed)gold
0harlotev.& Rapid.(l’sed) IstM ., s. f.,dr’n a t lOO.c*
V i r g i n i a d T ru e ee—Stock.......................................
Wabash R R .— 8 t. L. K. C. & No. 1st mort. (North Mo.)
St. L. K. C. & No. 2d M., real estate aud ra ilw a y .. c
St. (Charles Bridge 1st mortgage, gold............ oH
2d m ortgage.....................................................
Huik / — Priuoi
h
INTE RE ST OR DIVIDENDS.
Miles Date Size, or
pal. When Due
Amount
Par
of
of
When
forks— Last
Outstanding Rate per Payable Where Payable, and by H
Cent.
Road. Bonds Value.
Whom.
Divideud.
97
31
12
12
59
83
62
59
50
24
188
188
188
97
157
157
157
272
75
347
347
28
354
373
$100
1,000
1889
. .. .
100
1881
1879 100 &c.
1,000
1881
1,000
1881
___
100
1883
1,000
50
1880
1,000
1885
1,000
1881
1,000
1,000
1886
1887
100
1881 100 (fee.
1881 100 <fec.
1881 100 (fee.
1881 100 (fee.
1881 100 .fee.
1,000
1881
1,000
1886
1,000
1886
1879 100 &c.
1865
1874
1878
1878
1,000
1,000
1,000
100
$4,000,000
800,000
750,000
400,000
1,600,000
2,400,000
750,000
3,193,000
1.000.
1.000.
800,000
1,323,000
4,000,000
2,045,875
494,860
6,000.000
600,000
1,900,000
1,100,000
950,000
1,775,000
1,310,000
2,392,000
2,406,000
412.100
5,000,000
6.000,000
3,000,000
1,000,000
388,500
6 per an.
5
5 per an.
5
7 g.
e g.
6
G per an.
0(H) 5
000 an.
6 per
5
6 g.
6 g.
4-5 R.
4
6
6
6
4-5
5
5
5
5 g.
6
(«>
7
7
6 g.
7
M.
J.
J.
P.
.T.
M.
A.
A.
M.
J.
A.
M.
J.
J.
&
«fc
&
&
&
,fe
&
<
fe
«fe
&
&
&
&
&
N.
J.
J.
A.
D.
8.
O,
O.
N.
,T
.
O.
N.
J.
J.
M.
M.
M.
M.
M.
M.
M.
M.
J.
&
&
&
&
&
&
&
&
&
S. Balt., Nat. Meoli’ cs’ Bk.
S.
do
do
8.
do
do
8.
S.
do
do
8,
do
do
N. N. Y., Central Trust Co.
N.
J. Phila. Tr. & Safe Depos.
N. Y., Del. I,. & W. TtR.
X. Y „ Security ATr. i u.
N. Y., Del. Lack, (fe West.
do
do
Dec.,’9 1, coup.last paid.
Mar.,’92,coup.lastpaid.
N. Y., Merc. Tr. A Balt.
Rost., 53 Devonshire St.
Boston, Fitchburg RR.
Bellows Falls.
Boston, S. Den. & Tr.Co.
N. Y., Central Trust Co.
N. Y., Farm. L. & Tr. Co.
N. Y., Central Trust Co.
Noy. 1, 1892
July 1, 1939
Jau. , 1893
Aug. 1, 1911
June 15,1906
Sept. 1, 1921
Oct. 1, 1921
Oct. 8, 1892
May 1, 1903
Jan. 2, 1893
Oct. 1, 1910
Nov. 1, 1915
Jan. 1, 1920
Jan. 1, 1916
Jan. 1, 1920
Mch.
Mcli.
Mch.
Mch.
Mch.
Mch.
May
May
July
1,
1,
1,
1,
1,
1,
1,
1,
1,
(!)
J. & J. N. Y ., Bk.ol Commeroe. July 1,
M. & 8.
do
do
Sept. 1,
A. & O.
do
do
Oct. 1,
A. & O.
do
do
Oct. 1,
1906
1911
1916
1921
1926
1931
1936
1936
1913
1895
1895
1908
1903
in 1888. $160,501; in 1891, $276,455: in 1892. $299,198. N et profit |of which 51 miles, Strasburg Junction to Harrisonburg, is leased to th e
In 1889, $138,712, in 1890, $396,885. Sinking funds, Dec. 31, | Baltimore & Ohio (in perpetuity at B.& O.’s option foi $89,250 y e a rly ),
1892, held securities for $4,64 ,000 and cash uninvested $11,068.
and 9 miles to Chesa. & O., leaving 346 miles operated.
L e a s e .— In April, 1886, leased to the Richmond & Danville on the
(J tic a C h e n a n g o & S u s q u eh a n n a . V a l l e y . —Owns from Uticat
N . Y., to Greene, N. Y., 75 m iles; branch to Richfield Springs, 22 miles: basis o f a payment o f the fixed charges and the payment In the lessee
o f any balance of net earnings to the Virginia Midland Company. The
total, 97 miles. Road opened October, 1872. Leased to Delaware
lessee may if it chooses advance the money for interest on the six series
Lackawanna & Western at 6 per cent on stock. Has no bonded debt.
o f prior bonds, if earnings are insufficient, but guarantee* positively
C t ic a C lin t o n 6c B i n g h a m t o n . —Owns from Utica, N. Y., to the general mortgage interest. The Richmond Terminal Co. owns
Randallville, N. Y., 31 miles. Leased during continuance o f charter $4,524,233 stock, mostly pledged und-r trust deeds.
and renewals thereof to Delaware & Hudson Canal Company, which
In J une, 1892, the Richmond & D.m ville and the Richmond Terminal
pays rental o f $61,500 per annum. Operated by the New York Ontario were placed in receivers’ hands (see those companies), but interest on
& Western. The street lines owned by the company are leased to Utica the Va. Midland bonds has been paid on demand.
Belt Line Street Railroad Company for $15,000 per annum. Capital
B o n d s .— The fourth series bonds bear 4 p ero’ t till Mar. 1,1901, and 5
stock, $849,285 (par $100), o f which city o f Utica holds $200,000, with thereafter. Of the $12,500,000 general mortgage bonds, $7,635,000
interest guaranteed 5 per cent, the balauce paying 134 per cent.
were held to retire the serial bonds, also enough for the incomes. 8ee
V a l l e y (N . V . ) R a i l r o a d . — Owns from Binghamton, N. Y., to abstract o f mortgage, V. 47, p. 23. Part of the general mortgage bonds
State Line o f Pennsylvania, 12 miles. Opened October, 1871. Leased to bear the endorsed guarantee in gold as to principal and iuterest o f the
Delaware Lackawanua & Western at 5 per cent per annum on stock, Richmond & Danville. The unstamped bonds are eurreucy lniuds, but
the lessee assuming the Interest on bonds
u iiy be stamped payable in gold ou a paymeut of 2^3 per cent.
E a r n in g s .— For the year ending June 30, 1890, gross $2,271,383;
V a l l e y ( O h i o ) . — Owns from Cleveland, O., to Valley Junction, 0..75
miles, and 13 miles of small branches. In June, 1892, the company n^t, $719,219: surplus over charges $21,951. In 1890-91 gross, $2,being financially embarrassed, Henry M. Keim and J K. Bole were 395,929; net, $906,548; sur. over charges, $163,029.—(V. 53, p. 8 4 3 .)
appointed receivers. V. 5 4 ,p 1011; V. 55, p. 23. Of the $2,400,000
W a h a s li K a i l r o a d . —Owns and operates an extended system
consols, given above as outstan ling, $876,000 on March 1, 1892, were o f roads, clearly shown on the accompanying map, as follows, viz.:
pledged as collnteral for loans. This mort. is a first lieu on the Cleveland OWNED EAST OF MISSISSIPPI RIVER.
OWNED WEST OF MISSISSIPPI RrVER.
terminal proj>erty. On July 1, 1891, the report to the Ohio State RR.
Miles.
Commissioners showed funded debt $3,2'1,599; ouvreut liabilities, Toledo, O., to East Hannibal,Miles.
St. Louis to near Kansas City. 275
$1,390,263. Capital, $1,261,973; par, $50.
Control acquired in
Camp Pt. and Elvastou, Til. 536 St. L. Levee to Ferguson, Mo.
11
1889 by the Baltimore & Ohio. Earnings In 1891, $757,440; net, $216,- Decatur, 111., to E. St.
o ....
005, against $262,436 in 1890. Receiver's certificates f«»r $40 000 are Juno, near Chicago toLouis.. 110 M oberly to Ottumwa, M o___ 131
Effing
15
Salisbury to Glasgow, M
to be issued for betterments. In September, 1«92, certain o f the first
ham and
mortgage bondholders filed with tlic court a protest against fore Streator to Altamont, 111........ 216 LEASED WEST OF MISSISSIPPI RIVER.
Fairbury..............
31 Brunswick to Pattonsb’g.Mo.
80
closure. (See V. 55, p. 178; V. 54, p. 1011; V. 55, p. 23, 178, 422.)
Edwardsville to EdwardsCentralia to Columbia, M o...
21
V a l l e y ( V i r g i n i a ) . — Owns from Harrisonburg to Lexington, Va., 62
ville Crossing, 111...............
8
miles. By this and connecting lines under Baltimore & Ohio control, Delrey,near Detroit, to Butler 110
Owned & leased W. o f Miss. 533
the distance from Lexington is'243 miles to Baltimore aud 217 miles to
Wasnington. The Baltimore & Ohio owns $1,020,000 stocK and the
T otal.................................1,012
Tot. cov’ r’ d b y 1st & deb, M. 1,544
City of Baltimore $1,000,000 stock. Stock outstanding, $2,731,839
TRACKAGE, ETC.
(par, $100). In year 1890-91 gross earnings were $159,470; net, $42,- LE.ASED EAST OF MISSISSIPPI RIVER. Laketon June, to Chicago___ 123
185. In 1889-90 deficit under interest, $18,100.
Eel R iver RR. (which see),
8 short lines to Quincy, De
Butler to Logansport, Iu d ..
94
troit, (fee., (18 m.beiug own’d)
92
V e r m o n t 6c U l a s s a c l i u s e t t * . — Line o f road, Fitchburg to Green
Operat’ d for Purchasing Coin.
70
field, Mass., 56 miles; branch, 3 miles. The road is leased to the Fitch
The follow ing is a statement of Maysv.to Pittsfield (leased)...
6
burg RR. for 999 years at 6 per cent on stock. The lessee to September
lines owned and leased west o f the
30,1892, had invested $1,544,526 in improvements for this road.
Mississippi and o f trackage, <fec.
Grand total operated......... 1,930
V e r m o n t V a l l e y o f 1 8 7 1 .— Owns from Bellows Falls to BrattleH is t o r y , O r g a n iz at io n , & c .-T lie Wabash St. Louis & Pacific, which
boro, Vt., 24 miles; and by ownership o f stock the Sullivan County RR.
from Bellows Falls to Windsor, Vt., 26 m iles; total, 50 miles. Controlled was a consolidation in 1879 of the Wabasli Railway and the St Louis
in the interest o f the Connecticut River RR. The N. Y. N. H. < H art Kansas City & Northern, was sold in foreclosure in 1889, this company
fe
owns $249,700 stock. The Sullivan County RR. stock o f $500,000 is being organized on July 12, 1889. For outline o f reorganization plan
deposited as additional security for the above mortgage bonds. D ivi see I nvestors ’ S u p ple m e n t up to January, 1889.
The Boone Co. & Booueville RR. is leased till May, 1973. The Bruns
dends since 1880 liave been : In 1881, 4*2 per cent; in 1882, 4; from
1^83 to Jam. 1893, 6 per cent yearly In year 1892 gross earnings. wick & Chillicothe was leased to St. Louis Kansas City & Northern for
999 years. Its bonds bear 6 per cent iuterest till August 1, 1900, then
$202,290. against $188,632 in 1891; net, $81,691, against $72,677.
V i c k s b u r g : M i r e v e p o r t 6c P a c i f i c .—
(See Map (Cincinnati New 8 per cent till maturity. Ou April 1, 1887, the Eel River RR. was
Orleans d Texas Pacific.)—From Delta, La., on Mississippi R iver to leased for 99 years (Seetliat company). Entrance to Chicago is secured
West Indiana. o f whose stock this company owns
Shreveport, 170 miles, and extension to Texas State Line, 18 miles over the Chicago
$1,000,000. As to line under construction see below.
(the latter leased to Texas & Pacific); total, 188 miles.
C a p it a l Sto c k .—The capital stock is $52,000,000, o f which $24,000,O r g a n iz a t io n an d Sto c k .—Successor to Vicksburg Shrev. & Paci
fic sold in foreclosure Dec. 1. LS79. The stock is $1,601,500 (par 000 is preferred, having a preference of 7 per cent, per annum noncumulative, and $28,000,000 is com mon; par both, $100.
$100), of which the Alabama New Orleans & Texas Pacific Junctiou
P ric e o f St o c k .—Common in 1890. 81
8@15; in 1891, 838®16; in
Railroad Company holds a majority, together with $3,692,000 o f the 1st
mortgage and $965,500 3d mortgage bonds.
1892, 10@15%, in 1893, to Mar. 17 inclusive, 10© 123*.
Price of preferred— In 18v»o, 1 5»3 1 *2 ; in 1891, 167
s'®34i2; 1892,
B onds , etc .—Third mortgage carries 4 per ct. till 1894, thereafter 5.
4.
N et proceeds of land sales go to payment o f interest on these 22%©33*2; in 1893, to Mar. 17, Inclusive, 20%®261
B o n d s .—Abstracts o f the mortgages o f 1889 were in V. 49, pp.
bonds if necessary, otherwise to sinking fun d; no bonds drawn (see V
43, p. 104). Lands unsold June 30,1892, w ere221,888 acres. Trustees 270-273. The first mortgage covers lines both east and west of the
Of prior lien mortgage and o f 3d mortgage. Cent. Trust Co.; o f 1st mort.. Mississippi, and enough bonds are retained to retire the prior liens on
Farmers’ Loan & Trust Co. Car trusts Juno 30, 1892, $64,284 due roads west; but the second mortgage covers only lines east o f the river,
1894. Coupons due and unpaid to June 30,1892,1st mortgage $859 - as above, 1,012 miles. Of the debenture mortgage bonds $3,500,000
920 ; 3d mortgage, $233,452. Nov. 1891,final payment o f $5,000 was are series A (preferred in respect to interest payments only) and $26,made on coupon o f this mortgage due July 1 ,1888.
500,000 series B. Series “ A” received 6 per cent interest in 1890; in
L a te s t E arning s .—From July 1, 1892, to Dt c 31,1892 (Omos). gross, 1891, 6; in 1892, 6 ; in 189 L January, 3 per cent.
The Detroit d Chicago Extension, bonds cover 150 miles build
$314,409, against $3/6,397 in 1891; net, $85,000, against $125,358.
ing from Montpelier. Iud., to a junction with the Chicago A Western
c
A n n u a l R epo rt .—Fiscal year ends June 30. Report for 1891-92 Indiana Railway at Hammond, near Chicago. The company agrees to
was in V 55. p. 804, showing gr<»s.- $632,870; net, $153,883 ; income keep the earnings o f this division separately, and having paid there
from lavid s»les, etc , $14,741 ; interest paid, $309,557; miscellaneous from the interest 011 these bonds, to apply the surplus earnings in any
$5,410; balance, deficit, $199,933. In 1890-91 gross, $636,681- net year up to an amount equal to 2 per ceut o f the bonds outstanding, to a
$157,264. (\ 51, p. 303; V. 53, p. 6 3 9 ; V. 55, p. 543, 8 *»4.)
’ sinking fund for the issue, the bonds to bo purchased or drawn by lot
V i r g i n i a m i d l a n d .—(See Map of Richmond d Danville).— in e of and paid at 110; but no more than $70,000 bonds are to be redeemed in
.
L
R o a d .—From Alexandria to Gordousville, 88 miles; A arrei.ton Branch any one year. M ortgage is for $3,500,000. Trustee. Central Trust
\
9 m iles; Charlottesville to Lynchburg, 60 miles; Lynchburg to Dan Company. S e full abstract in V. 54, p. 1049.
ville, 66 miles; Pittsville Branch, 9 miles; Manassas Jam tion to Har
O i 'L tg a tio n s o n L e a s e d L in e s other than on the bonds in the table
risonburg, 114 miles (of which 51 miles leased to Baltimon & Ohio) above are; Eel R iver Railroad Co.—Annual rental charge, $60,000 per
small branches, 9 miles; total owned. 348 miles. Leases: Clmilottesviile annum, April 1, 1887, to April 1, 1892; $75,000 per annum, A p ril 1,
& Rapidan Railroad, Orange Court House to Charlottesville 28 miles- 1892, to April 1, 1895; $90,000 per annum. April 1, 1895, and there
Franklin & Pittsylvauia Railroad (3 feet). Pittsville to Rock! Mountain’ after. Also $500 per annum for organization expenses. Louisiana <
k
30 m iles; total leased, 58 miles. Total owned and leased*, 406 miles- Pike County Railroad—Annual rental charge, $800.
March , lfvS.j
EAILKOAD
STOCKS AND
BONDS.
147
S a b K r l b e r * n rtll c o n f e r » g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b l e s .
R A IL R O A D S .
For explanation ot column heading*, do., see notes
on first page o f tables.
Miles i Date Size, or
Amount
of I ot
Par
Bonds Value. Outstanding
W a bash-—■{ C & m l tid e d
Wabash 1st >1.. gold, s. t , not dr. ($34,000,000>.e 1.544
2d mortgage, gold.............................. ..c 1,012
Deb- m urt, tne., non-eum.. series A, red. at par. 1.638
Do. do. series B, red. at par . . . . . . . . . . . . . . . . . . . 1,638
Det. it Chic. Extcn. 1st M., gold, red. at U O .c ’ 150
U .t o :i. I.txr. B o s ijs—
flfc Louie Council Bluffs A Omaha 1st m ortgage..
42
Boone Co. A Boonevilte 1st mortgage, tat. gu a r..
22
Brunswick A Chtllicothe 1st mortgage, tut. guar.; 38
WabasA Chester J W estern- 1st m ortgage.......................
WaWciU Valine—le t mortgage............. .............
....
2d Diongaee.........-.............. — ....... .............. ---< . ...
Ware M re r-S E tt B ostg X & A l b v s y .
.
„
18
Warren tit. J . )~ Stock,7 p. c. perp,, guar. D. L.A »
18
2d mortgage, now 1st
18
1st eonsol&Uted m ortgage .
_ _____ _______ ____ - .
West Jersey—Stock,_ $120,000 is R p. c. “ special” .
1st M., cum.-ink. f<l 8! 2.500 yearly, not drawn.*-’
1st-consolidated mo-gage............................ <ff:
Consolidated mortgage...................................... r
38
63
128
Salem KB. and Octal* CUT SB. bond*............r*. ....
awed-fate-re Railroad bond*.......................... ..
11
Woodstos'h A Swedesboro 1st mortgage....... « ’
11
West J ersey A J tla n tie —Stock................................... !
1st M. KscStlil to Allan. C „ 33 to., dFn at 100.8*»
fill* Krill I H A Ocean C m i « wortgaw.....CAT)
I
Wist Short— 1st mortgage, guar, by N. Y.C.&BMdLc*rj
-----
33
7
448
Syracuse Ontario A New York 1st mortgage..... 1 45
4 F U U b m jj Stuck............. —
1st mortgage, (§25,00® per mile) gold.............e*i 112
West V ir g in ia C e n tra l
West Virginia A IHttsb.—l * t M.,». f. notdr’ n, gold, c’
We>Cn f j . l a . j - Cnn.M.,g-»gu.byC.Gft.a,nrt«a.KR.c»l
1UO
138
1889
1880
1839
1839
1891
$1,000 $22,581,000
14,000,000
1,000
1,000
3,500.000
1,000 26,500,000
1,000
3,500,000
1878
1,000
1873
1,000
1878 100 &e
1883
1977
1877
«—
1835
1870
1875
62(3,000
100,000
304,500
300,000
250,000
330,000
50
100
I.VTF.KKST
*& x r
Wlien Where Payable, and by
Wlioiii.
Payable
5 $• M. A- X. X. Y., Central Trust Co.
do
do
F. A A.
5
6
J. ,v J. X. Y., Company’ s Office.
J. A J.
6
5 % J. & J. X. YD, Central Trust Co.
■
M ay
Feb.
July
July
July
1,
1,
1,
1,
1,
1939
1939
1939
1939
1941
J. X. Y ., Bank o f Cmu’eree July
do
do
May
S.
Aug.
A.
July
J.
J. X.Y*..Of.,5VauderbUtAv Aug.
do
do
Aug.
J.
1,
1,
1,
1,
1,
1,
1908
1903
1903
1918
1917
1917
I-
6
7
6 to 8
5
7
7
J.
M.
F.
J.
J.
J.
A
&
A
AA
A
1,800,000 7 per an. A. A O.
750,000
do
do
A. A O.
7
7
do
do
600,000
M. A 8.
50
2,205,030 7 per an. M. A 8. PhUa,,Of.,233 S. 4th 8t.
do
do
1866 500 Ac.
1,000,00©
6
J. A J.
1869 500 Ac,
do
do
1,000.000
7
A. A O.
1979 300 Ac.
732,900
do
do
G
M. A X.
1,000
200,000
4A 5
Various
do
do
1868 100 & .
7
J. A D.
do
do
200,000
1.992
1,000
90,000
do
do
M. A X.
G
30
970,950 8 e« text. M. A 8. Phils., Of., 233 S. 4 th St.
1830
1,000
125,000
M. A 8. Pill la., Fidelity L T. Co.
0
1830 100 sic.
80.000
6
J, A J. Philat,Peim .RR. Office.
1883 l.OOO&o 50.000,000
J. 4 J. X. Y ., Gr'd O u t. Depot.
’
4
1.100,000
1893
l.oo o
J. A I).
6
100
5,300.000
Yearly. iBaltimore, Co.’s Office.
1
1.991
1,000
3.ooo.tx>o
« g. jJ. A J- X .Y..J. H. Davis,ABulL
1890
4.000,000
1.000
5
A. A n, :X. Y',, Farm, it A Tr. Co.
1,000
1883
1,543.000
4%sr. A. * O.. X.Y.rtuar, A Indem.Co.
OEXESAt F is a x c e a —T he company ta building a line from Montpe
lier, tart.,t« a iunction with the Chicago A Western Indiana at Hammond,
near ffiiicago, and ha* baaed $3,3OO,0OO bond* thereon. Tile annual
rental tor trackage between these points is now over SSXXOOO, without
the right to' iueai traffic. The now road, taking ideal business into ac
count will. It fa believed, earn more than it* trie rest charge. o f §175.000
i
per annum. This line fa to be completed early In 1993. See Y . 54, P280.104% v - 55, p. 50.
LA3X87 K *A S t*o*.—From July t, 1892, to Jan. 31.1893 (7 month*),
m om wtntlug* were §8,750,214. a m b u t §0,033,430 III 1891 02; net
w r i n g * , before deducting taxes, §2,107,312, against §2,423,330
a * » c a i . B * h *St .—Fiscalynnr end* June 30. Annua] meeting at St,
Louis second Tuesday in September. Report for 1891-02 at length in
CM OfftCta. V. 53, p. HP), ISO, showing result* a* fo llo w *:
te a r ending June 3 0 1880-00.
1800-01.
1891.92.
Average nsilcage.......... .
1.922
1.922
1,922
P w augger» carried one mil*. 149,183,000 HO.9<>1,203 170,201,007
Rate per pasto;.ng«t per mile
2 130 ct*.
2-178 et*.
2*037 ct*.
Freight (tons) ear'd one tulle. I ,430.1972132 1,209,179.055 1,390.310,l « l
Sate per ton per m ile ........
0*647 a*.
0733 ct*.
O 705 eta.
G rori (sxrniog*.................
§13,352,872 §13,028,248 §14,380,331
Bonds—P rto . "<
f
lml.Wh n D u e.
Stocks—Last
Dividend.
Oct., 1893
Oct. 15, 1900
Meh. 1, 1905
Mar. 15, 1893
Jan.. 1896
April, 1899
Xov. 1, 1909
1012 A 1925
Dee., 1898
May 1. 1912
Sept. 15,1390
Sept. 1, 1910
July 1, 1910
Jan. 1, 2361
1933
Meta. 1, 1893
July 1, 1911
Apr. 1, 1990
O ct 1, 1918
W e s t s h o r e , - ( See Map .Yew to r k Central g Hudson H irer.I—E.i'iS
of road from Weehawken. X. J„ opjxnlto Xew Y
’ork City, to Buffalo,
X. Y.sritb branches v> Albany City and Rochester City, about 418 miles
In all. Also leased, ttud afterwant* absorbed, the Syntmist® Ontario A
Xew York, Syracuse to M t i B A -1 mile*. Successor in 1883 to tits
5
Xew York West Shore A Buffalo, sold in foreclosure.
| L eo*#.—L eased la 1333 for 473 years to the Xew Y'ork Central A
Huds-oi and all oaralags, Ac., tnefoded In that company*® report. The
! §10,01X1,000 rif stock I* owned by the Sew Y’ ork CcutnU Conipttuy,
Bo.vtw.— The West Shore mortgage 1* made to the Onion Trust. Com
pany m trustee, and covers the tins « f road. Weehawken t o Buffalo,
with brancliv*, 448 mllos to ail, »n d also the tormiual* at Woohawken
hj ownership of all the stock and bonds o f the Tcnuionl Company.
; Tim guarantee o f the Xew Y'ork Central A Hudson 1* absolute tm to
Interest awl principal and Is endorsed on each bond. See abstract o f
mortgage In V, 42. p. 17«, (a the consoUdntiou with the Syracuse
Ontario A X, Y., that w a o M f i hood* " were not assumed s * part o f
: the West Shore mortgage. ’
W e s t V i r g i n i a C e n t r a ! * P i t t s b u r g . — V coal and railroad
rorapuny In Went Virginia In the upper Potomac region -th e Elk Garden
j Coal Field. Owns rood Su operation front jtmotion near Piodinout,
Maintenance of way.........
§1,720,231
§1,703,280
§1,930,903 I West YTnrtttiw, to Beverly, Randolph County. West Virginia, 90 miles,
Motive power................ ...
2.651.758
*.611,597
2.0*20.392 and Elkins to BredingtoQ on B. A 0. Railroad. 13 miles; branches to
Maintenance of cars .........
1,173,185
901,121
1.387,047 I MltievUIc, Elk Garden, fa t. 17 m ile*; total owned, 123 mile*. Operate*
Trmoeportattos and general
4,117,047
4,343.325
t,791.590 i piedmont A CumK-rtand RR. 30 miles; total operated, 155 rifle*.
H is t.iK r.-M a ln Has completed lo 1889. Company owns 32,244
Total oper. expense*___
§9,873,221
§9,363,223 910,932,327 , sere* o t coal and lumber lands covered by the first mortgage and bag
$3,403,063
$3,079,631
X « earning*............ ...........
$3,556,904 i mineral rights on 5,407 acre* more. Extenaitm* southerly to Iron bed*
! and Kistcrly ta Baltimore are projected. In 1892 the Baltimore A
T310
72*44
Per et. oper, egp. to corn'**.
72-3$
272,434
From rent ot tracks, A c ___ _
39-9,018 i Onmbcrland UK. w m organlrod to build from Cmiihcrhiml to ilnvc/*3r.*,740
i town, Md , 70 mile*. II t.* rcjmrtcd that construction will begin In
$3,932,033
§3,835.903
$3,915,423 i 1893. Au important traffic contract wa* mado with the Baltimore A
Total out income.. — ...
$396,491
$417,700
$404.5 49 i Ohio to 1991 by which, upon the completion o f connecting links, this
T a t r a ................... ..............
4 42.390
Track, bridge rout., t o ......
301,970
303.272 j road w ill have an outlet to the lakes and nil point* West. V. 52, p. 204,7981
2,632,920
Int’ st on bond* and rental*
2,60*1.83$
2,674.125
St o c k .—Stock author!red, §8,000,000, of which $500,000 was stSU
Dirind* on prof, debenture*
210.000
210,000
210,000 t In the treasury September 1, 1992. V. 52, p. 204,
Total...... ......
§3 ,7 0 1 ,9 0 1
§3,799,414 *3,853,9 Hi ! Bm ORnns.—From 1989 to 1893, both Inclusive, 1 p. e, yearly In Moh.
Set surplus .................
§2 3 0 .18 4
§30,291
891,476 ! Boxr>».—First mortgage Is for $3,800,000 to W. P. Whyte aud the
-or. 53. V 82. 499; V. 53,p. *2 , 324, 247.340. 3«7, 308, 36!#. 137; Metropolitan Trust Co., as trustees. In January, 1891, the stockhold
2
Y. 53. p. W3, 009; V. 34,0,34, 289, 90-8, 104*. low , Y. 53, p. 23, 00, ers authorised the Issue o f the balance o f the first mortgage bonds [as
also the Mock] tor attention*, ete.
a « V. 32, p. 204.
210. 333, 422. 440, 160, 406. 504, 1036.1
W stwsh f h c l c r A W estern.—Cb- -tot, lit., to Mt. Vernon. 1 I/ATKST E sk virus .—Frotu Julv 1,1893,to Feb. 29, ’93 (8 tnrm.l, groM ,
nL, 65 mile* (and branch. 1 rnitel, of which 22 stiles,Tamaroa to Mt. §704,032, against *726.670 in 1801-92; n et,$220,760,agtfXMt $255,300
VurtH». Is the Tatnaroa A Mb Verona HR, purchased In 1892. Stock
AvNt- ti. RtriiKT. —Fiscal year oh»ngc*l to end Juno 30. For HalfIncreased in 1893 from §230,000 to §1,330,OoO; par. §100.
year ending June 30, 1892. gross, $362,733; total not. $103,722; laW*c<> A worth w estern.—Breatniid to Rose, Texas, 56 miles. I terart. $83,816; tas-s. $10,173; halaaee, surplus, $63,730.
80W i»eo> 28 under decree of United States Q M t Court, to satisfy i In 1891 gross earrings o f ratlrea 1 were #591.0$4; net, $210,198;
claim of trustee, to K. H. R. Green, representing his mother, Mrs. Hetty I profit from operaOnjfV. A C . RR.. $1,923: profit o n c «a ! voles,$95.139;
Green, tor § 1 ,3 7 3 ,000 . Alfred Aiieel wa» appointed receiver Doc. 11, 1total n et earning.*, $ UO,159; bond intaro-t, $15 4,030; tates, $23,017;
balaneo. snridas, $131,093. la 1990 net profits (coal and railroad)
1802. (V. 56. p. 1111.1
W a rre rn , X . A,—Line of read, Xew Hampton Junction to Delaware : were $286,320; - in »l«* over file d ;charges, $101,323. II. (J. Daria,
r e n x. .r.— Uneof
Ham
Bridge., X. / , ! * us mile*. The read totew d In perpetuity to Delaware Baitimorr. Preattcat {V. 54. p. 4 95 V, 53, p. 723.1
l«‘
road I. ’
Lackawanna A Western at 7 per cent on stock and bonds.
raSna
W e e * V i r g i n i a A IM lts b il r g .—(See Map Haiti more J Ohio.)—
W e s t J e r s e y .— Mala line and branches -Camden t«, Cap* Slay,. Ro a d .—O pened In 1893 from Clarksburg, West Va., on the B, A O,. via
Weston, southerly to Camden-on-Gaalny, West Vis.. 101 mlloa, (o f which
Bridgeton, Rirtd&teo, Bea Isle, Ocean City, Ac., 223 miles; Wori Jeraey
1 tj milrn- Iwood by H Y (>.), with branch, 0 miles; also from Weston
* Atlantic Railroad. 40 miles; total, 203 miles operated.
via Bnekhannon to PiKtens, 50
total,
o wldch
*.8i. Stock.—Sinking fund tor bond* of 18901* Invested in com miles have been In operation sincemites: 1891, 1«0 miles, p,f 898. 109
July,
See V. 55,
.patsy's beads and bends of the Pennsylvania system, and §736.100 were
l.K use.—Leased to the Baltimore A Ohio for 999 year*, from Jan. 1,
•o held January 1. 1892, Stock atrtlwrUed, §3,330,-000. The sped*,
1890. The rental l* 82% per cent of the gro** rovonuo. The remaining
guaranteed stock 1* oxchangeablo tor common stork til! Dec. 31. 1893
a n p M s i n c e 1.880— 1881, 4; from 1*82 to 1881. InrJusIve, 3 and 37% ia to be applied by B. A O, to payment o f interest on bonds, the
In
3 scrip; from 4.933 to 1887, Inclusive,fl; in 18 8 *. 8%; from March, B. A G. agreeing to advatuw any m at* needed to pay this Interest in
full, kiioh advance* to be a dmrgu against future uut earnings. For
t»B». to March. 1*83, 7 per cent yearly (3% wml-annuatly.)
Lam *T £ a k x m « A —Prom January 1 to January 31.1893 { I mouth). first tw o year* of the operation at the road, i f 62% per cent o f the
mem. §93.765. against $00,360 in 1992; deficit, §27,179, against revenue, and for next throe yeans If 07% per cent o f the same, does not
suffice to pay operating espen-ses, the W- st V a A P. make up the do* c 8 ; ^ V i L u ' r M a b ; . % i ^ . * 1',':)6t'
* iG‘o i n - ba!ance’ ficienoy. -ee V. 51. p. 719. In 1903 aud sit end o f evory ton year*
,4**4 M EBroBT. —Fiscal year end* Dec. 31. Report for 1891 was in UserouJter rental may be altered by arbitration.
.
CWKoklot*, V. 54, p. 642, Earrings, Including leased lines, have been s BcsRtm.—The first mortgage for $4,000,000 (trustee, Mercantile Trust
Company o f Baltimore) covers besides the road and Its equipment
„
1889.
18JO.
1991.
1.992.
2 ^ 7 ’’ ’treJlIgs.......§1.526.169 *1.673,715 $1,038,090 $1,74«.322 134,842 acre* o f timber, coat aud mineral lauds in West Virginia. There
Total net income..,. 433,072
52.,91?
450.998
477,820 Is a sinking fund, but the bond* eannot be called. <8ec application in
Interest, rental*, * 0. 24.9,933
251,237
233,352
229.733 full for listing the bonds in V. 34, p. 725,) St o c k , common, §2,300,000;
Mridende............. (7)149,217 (7U #8,217 (7)150,8*0 (7)153,132 preferred, $900,000; pur, $100. Preferred is 3 p. ot., nou-eumulttUve.
KABRIV08,—From January 1 to Xov. 30 (11 monthsl, 1892, gross
Betonce, surplus..
§37,922
$1.3,4(21
§66,906
$94,!i35 $310,481, against $183,710 In 1891. In vci.r ending June 30, 1892,
- (V. »0,p. 3 3(1; V. ,32, p. 533; V,A4,p. 276, 042.1
gn u . earnings were 91-7,702; net, $159,117; taxes, $4,206. See V.
9
J e rs e y * 4 tla n t lc .- O w n s SewBeld. X J.. to Atlantic City, 56, p. 82. President, J. X, Camden. (V. 31, p. 721, 725; V. 55, p. 99. ;
X J.,33 mileei Plresaatvllto * Ocean City B 8 . 7 miles ; t-ui. 40 mile-. V. 5 «. p. 82.!
Oprncd June 17.1890, and operated by West Jersey UR. on a Joint
W e s te r n A la b a m a . —LtXB o r Road — Selma to West Point, 138
toaffic tigreem.cnt and 2c per cent ot gro** receipt* on West Jersey from mile*. Sold May 10, 1875, in foreclosure and purchased lolutiy by tho
traffic of this rood to be applied to, any W e l t in interest and then as Georgia Railroad and Central Railroad of Georgia, From January 1 to
rtnttng fund tor bund* pnrebaoable at 105, or drawn at 100, i f over 105. Aug. 31 (8 mouth*! In 1892. gross Darrins* vvere $303,334, against
Lari-dividend w * » 3 per eentln September. 1890. to 1.893 net earni 2.839 in 1891, In 1890-91, «urpovnr tivesl charges, §47,900, against
*tSL983; interest <te , §K>,3yH; baiaace. dodcit, f t 603. to
’
1.420 In 1990-90. Stock, $3,000,000 (par, $1001. of which Contra!
1W1 net earning* were $26,323. (V. 34, p, 273*, V. 58, p. 203.)
orgia and Georgia Railroad each owns $1,500,000,
g
148
INVESTORS’ SUPPLEMENT.
[VOL. L V I.
S u b s c r i b e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d i n t h e s e T a b l e s .
Bonds—Princi
R A IL R O A D S .
IN T E R E S T OR D IV ID E N D S .
Miles Date Size, or
pal,^When Due^
Am ount
Par
When Where Payable, and by Stocks—Last
of
of
For explanation of column headings, Ac., see notes
Outstanding Rate per
Cent.
Road. Bonds Value.
Payable
on first page of tables.
Whom.
Dividend.
W estern Maryland—1st A 2d pref. M ’s (1st M. end’d)
3d mortgage, endorsed by City of Baltimore.......
4th mort.. in return for City of Baltimore stock..
5th mortgage, held by City of Baltimore, sink’g f’d
City loan.................................................................
Balt. & Harris!). RR.; prior morts. see rem arks—
Mortgage (for $090,000), gold ....................... c*
1st m : West. Ext, ($16,000 p. m .) , gold, g u ar... c*
Balt. A Cumb. Val., 1st mortgages (see remarks)
W estern N. T. d Pennsylvania—
s
Stock ($30,000,000)
Warren A Franklin 1st mortgage ........................
West. N . Y. & Penn. 1st M.. ($10,000,000), gold.c*
2d mortgage (1st on equipment, etc.), g o ld .. .c*
2d mortgage.deb., inc.,non-cum., red. at option
Income sc’p, convert, into debent.,red. at option
West. No. Car.— 1st con. M., g.; ($1,273,000 guar.), o'
Western Pennsylvania— lstm ort. See V. 56, p. 248.
le t mortgage, Pittsb. Br., Freeport to Allegheny.
Consol. M. ($5,000,000),gold.guar. p .A i.Pa.R R .c*
Wheeling <t Lake Erie—Common stock....................
Preferred stock, 6 per cent, not cumulative.........
1st mortgage, Lake Erie Division, gold ............c”
1st M. Wheeling Div., $ A £ (2d on 187 miles)..c*
Toledo Belt R ailw ay 1st mortgage, gold, g u a r ... .
Exten. and Impr. mort. ($1,900,000), gold, $ A £ .c w
Consol, mortgage for $8,000,000, g o ld ..$& £ ---- c
Wichita Valley—1st M. subj. to call [at 105.g... c”A r
W illm ar rf- Sioux Falls.—See G r e a t N o r t h e r n .
Wilm. O o lu m . A Aug.—Stock, 6 p. e., guar. Wil. & Wei.
1st mortgage........................................................ c
90 ’58-’68 500 Ac.
90 1870 500 Ac.
90 1872
. ...
—
90 1887
. ...
. ...
___
’72-’79
32 1886
1,000
15 1888
1,000
34 ’79-’81
Too
670
50 1865 500 Ac.
1,000
630 1887
630 1887
1,000
Var.
. .. .
. ...
Var.
. ...
309
309
70
28
116
1884
1,000
1884
1,000
1863 500 Ac.
1865 100 Ac.
1,000
1888
187
50
6
1886
1888
1888
1889
1892
1890
254
51
___
___
116
1880
100
100
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
222,000
6
J. A J.
875,000
6
J. A J.
1,000,000
6
J. A J.
1,700,000
314 J. A J.
4
684,000
J. A J.
5 A 6 Various
162,000
528,000
5 g. M. A N.
240,000
g g* M. A N.
351,300
6
J. A J.
19,730,444
800,000
7
F. A A.
8,950,000
5 g. J. A J.
19,489,000 See text. A. A 0.
1,441,000
5
A. A O.
2,748,436
5
A. A O.
390,907
3,856,000
6 g. J. A J.
4,110,000
6
A. A O.
747,000
6
A. A O.
435.000
6
J. A J.
3,043,000
4 g. J. A D.
6,000,000
Balt., N. Mechanics’ Bk.
do
do
do
do
do
do
Baltimore, Co.’s Office.
do
do
do
do
do
do
Phila., Office, 242 S. 3d.
N. Y., Continental Tr.
Apr. ’93, coup, not paid.
None paid.
None paid.
1890 A 1895Jan., 1900
Jan. 1, 1902
Jan. 1, 1927"
July 1, 1925
1895 A 1899
Nov. 1, 193C'
M ay 1, 1938
July,1929A’31
Feb. 1, 1896Jan. 1, 1937
Oct. 1, 1927
A fte r 20 years
After 20 years.
1907
N. Y „ Central Trust Co. July 1, 1914
Oct., 1914
Philadelphia, Penn. RR.
do
do
do
do
Apr. 1, 1893-
Jan. 1, 1896*
June 1, 1928-
4,500,000 See text. Q . - F . N. Y „ Office, 40 W a n St.
3,000,000
5 g* A. A 0. N. Y . , Mercantile Tr. Co.
1,500,000
5 g. J. A J. N.Y ., Cent.Tr.Co.ALon.
381,000
5 g- M. A S. N. Y\, Central Trust Co.
1,519,000
do
do
5 g. F. A A.
600,000
4 g. J. A J.
do
do
769,000
.
5 g. J. A J. N.YT Mercantile Trust.
Feb. 1, 193a
July 1, 1992
July 1, 1940-
960,000 6 p er an. J. A J.
Wilmington, N. C.
6
1,600,000
J. A D. N ew Y ork A Baltimore.
Jan. 10,1893June 10,1910
Feb. 15,1893'
Oct. 1, 1926
July 1, 1928
W e s t e r n M a r y l a n d . — L in e of R oad —Baltimore to Williamsport*
Year ending June 30.
1889-90.
1890-91.
1891-92.
Mil., 90 miles. Leases—Baltimore & Cumberland Valley Railroad and Gross earnings...................$3,641,055
$3,562,669
$3,580,156extension, Edgemont to Sbippensburg, Pa., 34 m iles; Baltimore & H ar Operating expenses........... 2,642,590
2,485,782
2,398,360
risburg Railroad, Emory Grove, Md., to Ortanna, Pa., 59 miles, and
branches, 7 m iles; western extension, 15 m iles; Potomao Valley RR.,
N et earnings................. $998,465
$1,076,887
$1,181,796
Williamsport to Cherry Rim on the B. & O., 15 m iles; total, 221 miles. Total net income.................
999,626
1,080,961
1,181,796
Interest, rentals and taxes.
666,720
632,773
652,740
Sto c k .—
Common stock is $684,700; par, $50; six per cent first pre
ferred stock, $324,000. The company has been largely assisted by the
Surplus.......................... $332,906
$448,188
$529,056
eity of Baltimore, which, Jan. 1,1893, owned $200,000 o f its common — (V. 53, p. 224, 437, 6 72. 754; V. 54, p. 120, 289, 800; V. 55, p. 298,
stock, $4,263,000 of its mortgages and $2,924,850 overdue coupons. 785, 804, 806, 8 0 7 ; V. 56, p. 165, 217, 375, 414.)'
Washington County, Md., also in October, 1892, owned $110,000 com
W e s t e r n N o r t h C a r o l i n a . — (See Map o f Richmond. <t Danville.p
mon and all the $324,000 preferred stock. Of the thirteen directors
—Owns from Salisbury, N. C., to Faint Rock, Tennessee State linethe oity has appointed eight and the county two. V. 55, p. 545.
Various propositions have been made by different parties to purchase 185 miles; Asheville to Murphy, N. C., 124 m iles; total, 309 miles.
L eased —In May, 1886, to the Richmond A Danville for $134,980—inter
the city’s interest in this road. See references to Ch r o n ic l e .
est on bonds not held by Terminal Co. Sto c k —$4,000,000 common and
B onds .—Of the issue of $690,000 Baltimore & Harrisburg bonds, $4,000,000 pref.; par $100. B onds —T he 2d consolidated 6s for $4,110,$162,000 are held in trust to pay off prior mortgages, as fo llo w s : 000 and $1,325,000 of the 1st consols are deposited to secure the 1887
Hanover Junction H. & G. first 6s, due January 1, 1895, $42,000; Bal collateral trust of Richmond A West Point Terminal, while $3,160,000*
timore A Hanover first 6s, due January 1,1899, $120,000.
common and $3,160,000 preferred stock are deposited under its collat
On July 1,1892, the company resumed payment o f a portion of the eral trust of 1889. The 1st consols have become a first lien. The Rich.
annual interest due the City of Baltimore.
A Danv. RR. guarantee by endorsement $1,273,000 of the 1st consols.
The floating debt Oct. 1,1892, was as fo llo w s : First mortgage, over The Richmond A Danville was placed in receiver’ s hands in June, 1892,.
due, $43,500; bills payable (net), including long-time equipment and but the interest on this company’s first consols has been paid as usual.
rail notes, $318,658; funding certificates held by city o f Baltimore,
E a r n in g s .—In year ending June 30, 1892, gross $992,219; n et.
$226,530; other accounts, $10,481; total, $555,669.
$363,114; interest on bonds, $231,360; other Interest, $53,469;
L eased L ines .—The Baltimore & Harrisburg, which was leased in taxes, $21,192; other payments, $55,150; balance, deficit, $1,943.
November, 1886, for 99 years, is practically owned.
In 1890-91 gross, $1,013,043. On June 30,1892, due other comnanies.
The Baltimore A Cumberland Railroad and R ailw ay are leased for in $1,705,879. (V. 53, p. 8 4 3 .)
terest on $121,300 bonds, due July 1, 1929, and the Baltimore A Cum
W e s t e r n P e n n s y l v a n i a . — Owns from Bolivar to Butler, 71
berland Railroad extension is leased till November 1,1931, at $32,700 miles, and Butler Junction to Allegheny City, 27 miles; branch, 17
per annum, equal to 6 per cent interest on $230,000 bonds, due July 1, miles; total, 117 miles. Leased to Pennsylvania RR. for 50 years from
1931, and 7 per cent on $270,000 stock.
June 1,1883, rental being the net earnings. In 1892 rental $607,312 Potomac Valley RR. bonds are guaranteed by the Western Maryland interest, $192,640; dividends, $142,000. Penn. RR. owns $1,753,350
and the Baltimore & Harrisburg. See Potomac Valley and V. 52, p. 121. of the $1,775,000 stock. As to bonds due April, 1893, see V. 56, p. 248.
L atest E arning s —Oct. 1, 199 2, to Jan. 31,1893 (4 months), gross
W h e e l i n g A L a k e E r i e . — Owns Toledo, O., to Bowerston, O .,
$364,597, against $278,382 in 1891-92; net, $104,199, against $55,195. 174 miles, and branch to Huron, O., 12 m iles; Wheeling Division;.
A n n u a l R e p o r t .—Fiscal year ends September 30. Report for 1891- Bowerston to Martin’s Ferry, opposite Wheeling, 42 m iles; Steubenville
92 in V. 55, p. 892, showed gross earnings $1,083,321; net earnings, branch, 14 m iles; Toledo Belt, 5 miles, and coal branches, 8 miles.
$392,293 ; betterments, $86,236; balance, $306,067. In year 1890-91 Total, 255 miles. Owns large interest in Wheel. L. E. A Pitts. Coal Co.
gross, $904,378; net, Ac., $333,209; betterments, $81,770; balance,
H is t o r y a n d St o c k .—Sold In foreclosure A p ril 23,1886. Preferred
$251,439; in 1889-90, gross, $812,055. (V. 53, p. 845; V. 54, p. 78
stock is entitled to 6 per cent non-cumulative, then common to 6 per
204, 460; V. 55, p. 545, 639, 8 92.)
cent, then both share pro rata. In 1891 the preferred stock was in
W e s t e r n N e w Y o r k A P e n n s y l v a n i a . — Owns Buffalo to Em- creased from $3,600,000 to $4,500,000. Common stock is to be in
oriinn, Pa., 121 m iles; Buffalo to Oil City, Pa., 136 m iles; Oil City to creased from $6,000,000 to $10,000,000.
lean, 116 miles; branches, including proprietarv lines, 268 miles;
D iv id e n d s .—On preferred stock—From April, 1888, to February,.
total owned, 641 miles; trackage, 6 miles; total operated, 647 miles.
1891, both inclusive, at the rate o f 4 per cent per annum; in 1891,4%;
Or g a n iz a t io n .—Reorganization Nov. 22,1887, per plan V. 42, p. 242, in 1892, Feb., l t j ; May, 1 1 4 ; Aug., 1 M ; Nov., 1; in 1893, Feb., 1 p. c.
of Buffalo New York & Philadelphia; sold in foreclosure Sept. 15,1887.
B onds .—The improvement, and extension mortgage for $l,900,000(of
Sto c k .—In addition to stock outstanding there is $10,269,556 in the which $394,000 is reserved to retire the Toledo Belt bouds) covers,
company's treasury, $10,000,000 of which can be disposed o f only by subject to prior liens, all the property of the company, and is a first lienunanmous consent of stockholders present at a meeting duly advertised. upon the extension to Bellaire and upon the Steubenville branch.
In July, 1892, stockholders voted to issue a consolidated mortgage toB onds .—The second mortgage is a second lien on the railroad and first
“ on terminals, coal and equipment, subject to lease of terminals a.td secure $8,000,000 of 4 per oent bonds, of which $6,400,000 to be field-,
equipment to first mortgage bondholders if foreclosed.” T ill January to retire prior bonds at or before maturity, and $600,000 to be issued
1898, it bears 3 per cent Interest (or till December 1,1892, 5 per cent in at once to fund floating debt created against deferred freight earnings;
scrip ); after 1898 the rate is 4 per cent cash and, if earned the remaining $1,000,000 w ill be held in trust to he issued only fo r
7 per oent may he paid, hut after 3 per cent has been paid on property essential to conduct of the Co.’s business. See V. 54, p. 965.
L atest E ar n in g s .—From July 1 to Deo. 31,1892 (6 mos.), gross, $1,second mortgage bonds, the stock and seconds share alike. I t is especi
ally provided, however, that no sale under foreclosure proceedings 439,603, against $1,295,783 in 1891; net, $476,064, against $455,113.
A n n u a l R e p o r t .—F iscal year ends June 30. Report for 1891-92 was
shall take place under the second mortgage until Jan. 1,1897, unless
proceedings he sooner taken to foreclose the first mortgage. Trustee in C h ro n icle , V. 55, page 721.
Year ending June 30—
1889-90.
1890-91.
1891-92.
o f seoond mortgage, Fidelity Trust & Safe Deposit Company, of Phila
Gross earnings................................$1,047,419 $1,225,305 $1,430,128.
delphia. (See mortgage abstracts, Ch r o n icle , V. 47, p. 109.)
Net receipts....................................
398,088
452,535
513,005
Seeona mortgage coupons due from 1888 to October, 1892, both in
187,500
290,541
301,133
clusive, were paid in scrip. The right to pay said coupons in scrip hav Interestpaid...................................
Dividends on p ref. stock................
144,000
167,000
225,000
ing terminated Dec. 1,1892, the directors decided that the cash portion
761
19,782'
o f the ooupon due April 1,1893, should not he paid, the company hav Miscellaneous...................................................
in g no means o f making necessary improvements except from earn
Balance, surplus......................
$66,588 def. $5,768 sur.$32,910ings, and these not sufficing for botli improvements and 2d mortgage
interest. The directors ask that, the 2d mortgage interest be made —(V. 53, p. 835; V. 54, p. 162,965; V. 55, p. 60, 551, 639, 721, 724.)
dependent upon earnings. See full statement, V. 56, p. 375,414
W i c l i i t a V ii’ le y . —Owus from Wichita Falls to Seymour, Texas
N ew equipment notes Dec. 31,1892, $879,665; bond and mortgage on 51 miles; comp] .ed in September, 1890. Stock authorized, $6,000,000)
real estate, $272,804; second mortgage interest, payable In scrip outstanding, $1,020,000; par $100. Mortgage is for $6,000,000 at
$884,716; Kinzua Valley freight warrants, $97,000.
$20,000 p. m.; trustee, Mercantile Trust Co. In year 1891-92, gross ?
In January, 1893, Warren A Franklin 7s due 1896 were offered $94,299; net, $60,534, agst. $33,807 in 1890-91. Morgan Jones, Pres.
right of exchange for 5s of 1937 at par, receiving as bonus $15 in cash
W l l k e s b a r r e A E a s t e r n . — Under construction from Wilkesbarre,
per $1,000 bond. See V. 56, p. 165.
Penn., to Stroudsburg, Penn.,on N. Y . Susquehanna!* Western, 65 miles.
L atest E arning s .—July 1, 1892, to Jan. 31,1893 (7 months), gross
W i l m i n g t o n C o l u m b i a A A u g u s t a . — Owns from Wilmington*
$2,196,473, against $2,217,210; net, $749,562, against $719,795.
For 6 months ending Dec. 31,1892, net earnings were $675,549, against N. C., to Columbia, S. C., 192 miles. Leases joiu tly with Northeastern
South Carolina Railroad, the Central Railroad o f South Carolina, Lane,
$655,618; interest, rentals and taxes, $379,590, against $329,189;
S. C.. to Sumter, 8. C., 38 miles. Total operated, 230 miles.
balance, surplus, $295,959, against $326,429.
Sold in foreclosure Oct., 1879, and reorganized. In June, 1885, leased
A n n u a l R epo rt .—Fiscal year ends June 30. Report for 1891-92 for 99 years to the Wilin. & Weldon, the lessee to pay all interest and
given at much length in V. 55, p. 785, 804, 807, showed necessity fixed charges and 6 per cent dividend on the stock, payable semi-annu
of further large expenditures from net earningB for improvements the ally in January and July. In year 1891-92 gross earnings $846,287;.
surplus for recent years having been devoted to needed additions and net inoome, $205,024; balance to W. A W., $46,425, against $193,678.
improvements.
in 1890-91.— (V. 53, p. 835; V. 55, p. 9 77 .)
S
Habob, 1 S .J
88
RAILKOAD
STOCKS
AND
149
BONDS,
S n b t c r lb e r a w i l l c o n f e r a g r o n t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
IN TE RE ST
RAII,ROADS.
Miles Date Size, or
Amount
of
Rate per WTien
of
Par
F o r explanation o f column headings, Ac., see notes
Bead. Bonds Value, Outstanding Gent. Payable
on first page o f tables.
Wilmington .e Sari A.—1st M .,«»b .t« call in 1907.
General mortgage for $1,000,000, gold.
WUm. Onslow rf East Carolina—1st mortgage.
Wilmington <f Weldon—Stock
Certifi-of indebt.for dic'd in *37,non-otim., Income.
Sinking fund, gold, interest bonds........................
Gen'l m ore for $4,000,000 ($12,000 per m ile)..eNew equipment n o te s .........................................
Special trust certificates.......................................
Winona «f South If,—1st M., $18,500 p. m., BO'd..c*!
Wisconsin Cent, ''o .—Chippewa Falls & W est 1st it.
Wisconsin A .Minnesota 1st mortgage..................
U u . St. Croix A Wisconsin, 1st mortgage.........
Terminal mortgage notes..................................
Improvement mortgage notes......................... Wis. Cent. B. R.—Consol. M.. 1st series,gold— c,vi
Consol, i f . , 2d series, incomet not cam.)gold.e*x r;
Wisconsin < aatra!Co. 1st M.,$12,000,000,gc.ld.i -,
Income M,, non-com., $0,000,000, gold......... c'l
Win. Cent, Co.A UK. Iran, bonds, gold, converts •
' , rx» e i > L in k Bogus—
Chicago Wto. A Minn, (leased)—1st mort., gold v
Income bonds, 6 per cent, cumulative..............
itilw . A Lake Winnebago—See that company.
Woonsocket <t Faseoag—S%, 5 p .a rent. N. Y A N. E.
1st m ort. interest guar, by City of Woonsocket ,c
Worcester Nashua <t Rochester- Stock ($3,600.000,.
• ! Worcester A Nashua KK bonds. ,.e*
a t!
—I
do
do
do ...c*
m
. __ : a ? 2 « Wor. Nashua A Koch. RB. bonds.. .<•'
-ij
S
do
do
do . . . c i
5 e i ® 1 e l Nash. A R»ch. 1st mort. bond*..... o*
§
S a n t * , st O h io n ic e r — 1 st i f . . $ 1 5 ,0 0 0 p. ro .,g o ld . f
88
S3
oO
457
457
1837
1892
1891
. ...
___
1885
. ...
$500
1,000
....
100
lo o
1,000
1,000
....
...
416
416
AIL
Ail.
....
1,000
1883
1.074
1,000
1880
1804
183-5
1880
1879 500 Ac.
1079 500 Ac.
1387
1,000
18.07
1,000
1891
1,000
122
....
1885
1385
10
10
94
46
46
46
46
94
SO
1390
___
1873
1875
1806
1390
1874
1386
117
to
54
1,000
. ...
J00
1,000
100
500 Ac,
1,000Ac
1,000
500 Ac,
100 Ac,
Whom.
J A D.
$516,000
5
do
do
234,000
O g* Q .-F .
718,000
F. A A.
5
3,000,000 See text.
.... IWilm.. N.C., Co.'s Offioe.
2,500,000
A. & O.
do
do
7
936,000
7 g. J. A J.
do
do
3,000.000
5
J. A J.
450,000
Wilmington, N. C.
6
M. £ N .
380.000
2,118,250
e g- A. A 0. N. Y., J. Walker A Sons.
150,000
7
31. A N. Boston, 50 State St.
do
A. A 0.
810,000
7
do
M. A N.
180,000
G
do
400,000
F. A A.
8
do
215,000
M. A S.
8
5 g. J. A J. N.Y., 36 Wall, A Boston.
1,522,000
12,000
7 S- J. A J.
i .,ni* n au ni,.v i.oi:
11,265,000
5 g. J. A J.
No coupons paid.
7,527.106
5 g. A. A O.
2,637,877
5 g. M. A N.
2,860.000
1,040,000
6
to 6
200,000 3 per au.
100,000
5
3,099,300 6 per an.
250,000
5
335,000
5
150,000
4
80,000
4
5
523,500
2.000.000
6 s.
Bonds—Prlnolt
pal, When Dae'
Stocks—Last
Dividend.
1907-1927
Aug. 1, 1932
Feb. l , 1921
July 15,1893
Irredeemable.
M ay
1897
A t Co.'s option
Apr. 1, 1928
May 1, 1904
Apr. 1, 1910
M ay 1, 1915
Fob. 1, 1895
Sept. 1, 1906
Jan. 1, 1909
Jan. 1, 1909
July 1, 1937
July 1, 1937
M ay 1, 1931
M. A 8.
Moh. 1, 1916
Moh. 1, 1916
Providence, B. L
8emi-aii
do
do
A. A O.
Worcester, Offioe.
J. A J.
A. A O. Boston, Globe Nat. Bk.
do
do
F. A A.
J. & J.
do
do
do
do
J. A J.
do
do
A. A O.
F. A A. Last paid Feb. 1. 1889.
Oct*
Jan.
Apr.
Feb.
July
Jan.
Apr.
Fob.
(1)
1,
2,
1,
1,
1,
1,
1,
1.
1910
1893
1893
1895
1900
1930
1894
1916
W l lin in g to i< & N o r tli o r i i .—Owns from Wilmington, D e l, to
0TOCK&—The preferred stock (6 p ercen t cumulative) is $3,000,000;
Highs Junction, P a.,71 m iles; branches, 17 miles; total owned 88 common stock, $12,000,000. B onus .—'The first mortgage bonds of
>
tntteo; trackage, 4 m ilm t total operated. 82 mile*. Organised January i 1887 and (subject t< these) the Incomes cover all Interest In the
18, 1877, as successor to the Wilmington A Beading KK.; sold 1» fore- line- which at the time o f the making o f the mortgage were
-cW nrc i W 4 , 1878. Bonus— Under the general mortgage for $1,000,-! operated in the Wisconsin Central system, whether owned or leased,
COO sufficient bond* are reserved to retire present indebtedness a t : Tuey therefore cover all the seeurties o f said companies held
■maturity. Sto c k authorized. 81.300.000; outstanding. $1,278.050;! by the Wisooaain Central. There are also f’ enokee 1st 5a, due
par $50. Gross earns, in 1891. $444,628; net, $65,334;late.re»t, $23,- [ 1937, $110,000. The improvement bonds at 1891 (total authorized
046; surplus,$40,287. ( V. 53, p, 8 8 6 ; V. 55, p. 257.)
liwne $12,000,000) are the Joint and several obligations o f the
Wisconsin Central Co. and Railroad Co. and are further ooUateralty soW i l m i n g t o n & W e l d o n . —B oxu—Owns Wilmington to Weldon, cared by purchase money flrst-lien upon all property bough! with their
3f. C „ 162 mile*, and from South Carolina State tine to Crtnteutnca. proceeds. They have precedence in payment o f interest over the lnN. C „ 116 m iles; branches, Scotland Neck {H alifax to K in gston ),8 8 1 eoiiu-*, no new mortgage can be put ahead o f them, and if either com
miles; Tarboro, Nashville, Clinton, etc., 94; total owned, 437 mile*.
! pany hereafter issue* a new mortgage, the Improvement bonds w ill be
Operates Albemarle A Raleigh B it , Tarboro to Plymouth. S0 m iles; i exchangeable for bond* thereby secured at par. Full statement eonFlorence KB., 24 m ile*; Manchester A Augusta. 19 miles. Leases; eernlng these bonds w.-> m V. 53, p. 22, 757. On Doe. 31,1892, bills
Wltodngtoa Columbia A Augusta, 189 ro ll**; Central South Carolina ! pa> able, exelualve o f book acoonut*. were $700,000.
{jo in tly with Northeastern SouthCarolina KB.). 39 miles; Bartn rillei LvNO OBAVr.—The Wlseoiwln Central Railroad had a land grant of
RE., 10 Julies. Operated in same inter. *t: Wilmington Ch.uliu.ura k i
acres, of which on June
Conway, 50 miles; Cheraw A Darlington. 40 miles; Chsraw A Salis 930,348and $98,940 land contract* 30, 1992, 579,550 acres remained
unsold,
were outstanding.
bury, 23 mile*; Petersburg, 59 mile*; Richmond A Petersburg, 27; L vtkst KvaNiNos.—From July l to Dec. 31, 1892 (8 months), net
■miles; Norfolk A Carolina EE., 110 miles ; total, 1,151 ratios. T h e 1Northern Par I He rental for the 672 miles covered by the Wisconsin
road* of this system form the Atlantic Coast Line,
Central seeuritlo* was $702,330; I Doom- from aeouritlo*, $202,081;
O K O A R W *T!o».~O rg»ni««l In 1855. In June, 1883, leased for 99 f other Income. 040,690; total Inootue. $915,107; total charge*. $791,263;
year* the Wilmington Columbia A Augusta (which »«*).
balance, surplus, $123.841: total iiirpliis Dee. 31, 1892, $332,970.
D iviu b xo b . —From 1084 to July, 1891, both Inclusive, at rate of 8 j G k n k k u . F inancks .—Since the Wisconsin Central Company owns
practically all Urn securities o f the Wisconsin Central Railroad, the
per cent per annum , payable Jan. l and July 1; In November, 1891
gon $2 J50O,Ofg) stock. 4 per cent was paid, thus anticipating the Janu entire earnings .if both companies go into the Wisconsin Company’ *
treasury, from them being paid th e total charges o f both companies,
ary, 1892, dividend; In July, 1892, 4 per cent,
February, 1893. the President o f the Northern Pacific stated to
A v s t u i R * r o «T .—Fiscal year mnls June 30. Report for 1991-92 | l u P. stockholder* that "th e Wisconsin Central lines, Independentthe
X.
of
was In V. 53, p. 977, showing for roaii p roper:
the terminal* at Chicago and Milwaukee, which are chargeable to the
1888-99.
1809-00.
189091.
1891-92.
entire system, have ai wavs been profitable to you, and for the four
Gross earnings........... $1,224,014 $1,350,853 $1,533,714 $1,132,012 , months ending Oct, 31. 1892, show a net profit, ovon when all the
Expenses.... .............
691,172
<581,137
855,670
802,804 C h arges again-t th e terminal* at Chicago nud Milwaukee are Inducted."
(See V. 50, p. 363, 384.
Net earning*......... $532.87$
$669,716
$600,035
$649,128
ANNt ju. itgiM K T.-Fiscal year ends June 30. Report for 1891-92
In 1891-92 net earnings as above were $619,128; other Income. In- ■given at length In ClUtDNfCLB, V. 55, p, 783, 805, 808, showed:
defost, dividends, etc., $138,489; W. C. A A , lease, $16,435; premium i
ISC’ IUK ACCOCJiT IKtCU'OIN 'ii CHIC. A NOE, FAC.)
-on securities k m , $7&,100; total t - i income, $013,142. Deduct in - 1 Tear ending June 30—
1891-92.
1890-91.
tercet on bonds, ate,, $135,820; tax ». $21,304; dividends, $200,000 I Total Northern Pacific rental............
$1,834,155
balance, surplus, $256,037. (V . 5J,p. 5 34; V, 53, p, 9 n > .
Fur Mil. A L ik e tv and Oh, Wls. A Min.
597,002
W inona A South western.—Own* from Winona. MIrm,, to beyond ■
Rental to W in, Cent, proper, 072 miles. $1,208,508
$1,237453
Osage, 117 miles. Has traffic agreement with Green Bay Winona A
719,543
019,913
8t. Paul, the Winona KK. Bridge,completed In August, 1391.connecting t Net interest on bonds
3-1,740
Int. on debenture* of leased lin e*.. . . . . . .
35,370
the reads. See V. 52, p, 974. Trustee of mortgage (for $6,950,000) I
6,407
Farmers' I e m u A Trust Company. The bond* reserved to retire the Int., exchange and commission*............
25,074
Engine and ear rental ......... ...... .......
960,408
287,160
■autfttaiMling scrip are include*! 4a the amount out In the table above i
00,842
65,553
Stock authorized. $20,000,igM)nuuundimr, $3,290,000. par $100. Trackage right*.— ................................
111,603
In l£ft3 the Wlnomi Mur-bnlltown A Southern » » • organised to build i General expense*, e tc............ ................
105,491
from Osage via Marshalltown to roes Held* in southern Iowa,—(Sec V.
Balance surplus fo r the ye a r.......... .......
$64,983
$68,587
i t , p. 172; V. 63, p. 974 ; V, 53, p. 326.)
Add surplu s o f previous y e a r................ .
95,559
100,542
W isconsin Central Company.—( S e t M a p .)—Owns junction near
fit Paul to Ablmtteford, W
1A,, 1.57 rod,--, braaeU to Br.-eroef, 34 mi:.-*;
Surplus June 30............................ $100,542
$229,129
other branch** to Kan Claire, A*.. 12 mile*; spur*. 44 mile*. Lousm
Earning* of tho ’■Wisconsin Central Lines" (entire system, etc,),
Chicago Wisconsin A Minnesota, Chicago to86hlob*ln.g«rvill«, 112 miles, reported by the Northern Pacific Company lessee, are shown in the
anti spur-, 11 tulle*; trackage to Chicago, Miauenrsdi*. A*., d .'i m il**; following fabi«. Tho figures here given indicate the growth of the
’
Total, 395 mile*, f ’ouirol* Wisconsin Central Eajlrotd. owning from Wi*. Central'* business, but like the corresponding gross and not- earn
K&hasbis to Ashland, 233 mile*; Steven* Point to Portage City, 71 ing* which the Northern Pacific publishes from month to month they
eellWS: branch** and spurs, 03 mile*, and tetwteg Milwaukee A Lake include account* entirely independent of the Wisconsin Central sys
Winnebago (wbbU gee). Keenah to Behtetagervlllo, (1 mile*, spu; 3 tem, and hence are not a correct guide to tho value of Wisconsin Cen
4
(BUM* I'aekwaiUce* to HonteXIo. 8 mile*.; trackage. 1 mile. Total Wl»- tral acenritUu.
•eoti»tn Central k n U r w d , 493 mils*. Grand total, 803 mile*. Of till*
1889-90,
1890-91.
1891-92.
-67$ miles represent Wisconsin Central Company's stock.
$3,437,205 $3,743,347 $1,018,823
Freight earning- ............
1,357,196
0»<)A.v!g*Tif»y, F.TC.—
Organlre-l June, 1837, to gather into a single Passenger........................... ... 1,135,250 1,259,857
242,510
167,9-15
corporation the Wisconsin Central Assist;iaissl Lin**. Nearly all thoke- Mall, express and miscellaneous. 207,889
ountp- of the Wisconsin Central Railroad an* now owned. Suit for
Total gross earnings............ $4,780,3-41 $5,245,714 $5,543,904
legal resuuins It* separate corporate existence Is maintained.
L smsvs-—Leased for 99 year* from April 1. 1890, {n tli* Northern —{V.55, p. T83, 805, 808,1079 : V. 56, p. 303, 375,)
W o r c e s t e r N a s h u a A R o c h e s t e r . — Owns from Worcester to
Pacific, which pays all operating expense* and tote*, the Wisconsin Co,
fttrnishinc the equipment.
A* rental the Wisconsin CO receives Na-hua aud Nashua to Rochester, 94 mites. Consolidation. 1883, of
.
35 per cent of the gross earning* of that part of the road lying north of Worcester A Nashua and Nashua A Bocheater.
In October, 1885, a louse of this property for 50 years, from January
'thejunction with the Milwaukee A Lake Winnebago and 37% per cent
•of the psutn earning* of the Milwaukee A Lake Winnebago and tire Ohi- 1,18H6, was unde to the Boston A Maine Railroad Company at a ren
Owgo WikcOasifi A Mimu
If operating expenses are I*-.- than 59 tal of 0250,000 and taxes. The mortgage of 1879 sec,ares equally on
•Wepnt of gross earnings, the saving l* to be divided between the lessor tho road from Worcester to Nashua the dobcuturos of 1873 aud 1875,
end the lc-«s*e. Tlio leevec assumes »u ofw.raijng contracts, but the WIs- ami .ill the other bonds, Including tins Nashua A Roohester let
consia Compiny pay* all rcirtale aceruing under such contracts, ox- mortgage bond* of 1874. For 1991-92 rental $250,000; net over*'*
jept the renleU due the Chicago A Northern Pacific and the Chicago fixed charges, * ! 57,486; paid dividend of 0 per cent, $183,86 4 deficit
Mdwa;k' e A St, pnul, wh!< * rentals arc to be inct by tile lessee. Once charged to profit and loss, $29,378. Dividends: In 1094, Uajln 1885,
-n Bvc -.r leu years an ait--: .t-n tt in the percentage* is permitted by 3 and 17 stock; in 1**6, 3; from 1987 to Jan., 1893, both inclusive, at
arbitratlott.—is** v. 51, p, 713a
rate of 6 per cent yearly. (V. 52, p. 20 4 i
.
The Chicago A Northern Pa.-iflc (which seel was leased on May 1.1390,
Z a n e s v i l l e A Ohio U lv e r.—Owns from Zanesville, O., to Harv n 9 9 year*, the lease being then assumed by the Northern Paciiie.
mar, on the Ohio River, opposite Marietta, about 80 mile*, including
The tliieagotVisefmsin A Minnesota, from dchleislitgerville to Chicago branches,3miles, r , Aug,, 1889,Interest wa*defaulted. ForeohMiueanll
A North era BnetSe tenmnai* In Cook Ctnujfy. HI.. 122 mile*, Is lerouniln to progress. HeeV, 50.6. 140. on July 19.1892, J. Hope Sutor was
perpetiiily. Rental U 37 8j per cent of grosr earnings, less its propor- made receiver. See V. 55, p. 147. Current accounts .Time 30, 1891,
don of terminal charges ; but surplus rental over # 5 0.00 0 yearly Is $262,593, in year ending June 30, 1801, gross earnings $15L.251;
■divided equally with
As to Mil. A Lake Winnebago, * e that Co net ,.029,221; Lire-, 04,73* ; int. on bond*, $120,000. (V. 55.147.) j
150
INVESTORS’
SUPPLEMENT.
M A P OP T H E P IN E S
OF THE
WISCONSIN CENTRAL COMPANIES
860E? MILES
W is c o n s in C e n t r a l R a ilr o a d C o m p a n y , th u s
W is c o n s in C e n t r a l C o m p a n y ,
"
M ilw a u k e e a n d L a k e W in n e b a g o ,
"
zw & en
C h ic a g o , W is c o n s in a n d M in n e s o ta ,
“
mmmmmi
6 6 Si: // r ' 3arrtfu
' —2 IS
8 6 0 .3 S
& A fa us'
[ v ®l . i/VI,
C O M P R IS IN G T H E
MISCELLANEOUS STOCKS AND BONDS.
M
arch , 1898.]
131
s u b * e r l b e r » w i l l c o n f e r • g r e a t f a v o r b r g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b l e s .
IN T E R E S T OR DIVIDENDS.
MISCELLANEOUS.
Date Site, or
pal, When Due.
Amount
Qt
Par
When
For explanation of column headings, Ac., see note* on
Outstanding Rate Per Payable Where Payable, and by Stock*—Last
Bond* Value,
Cent.
Whom.
Dividend.
t o t page of tables.
M I * t £ I . L A N K O I S.
§100 § 12 , 000,000 8 per an.
New York. 59 Broadw’ y Mch. 1, 1898
100 17.500.000 See text. f c
Boston, Comp’ y ’s Office. Apr. 15,1893
7
2,000,000
do
do
Debenture*. subject to call at 1 1 0 .. . .. .. .. . ...... ....... eAr 1888 500 Ac,
25
1.500.000 6 per an.
American coal (M aryland} —S to c k ......................
. K. Y., Office, 1 B'dway.
1893
100 20,237,100
American Cotton DC-Common stock (see ^ . 34, p, , S U
io o
. f-i-Evd t o c k
. N. Y., Winslow, L. A Co. Dec. 1, 1892
10.199.000 See text .
ft e fe m d s stock six per cent son canmlattve
aon-euumlnUve...... . . .. .. .
1,000
5 g.
do
do
3.700.000
Nov. 1, 1900
Debenture* fo r «3,000.000. subject to can at 1 I0,jrold.e* 1890
100
3.825.000 Sec. text.
X. Y., Office, 9 Dey Bt. Feb. 21,1893
American IH e irie iT e i^ J -S lock. 81.000.000 sutlwrired...
ioo
! 000,000 6 per a n ..
>.Y.,Co.*sOf..65 B’ wav Jan. 3, 1893
American Sxpn&e—Stock....,,...... .......... ........................ .<
ioo
American Soda F m n ta in -C o m m o n stock.................... |
10
1 Company’ s Office,
1.250.000
Feb. 4, 1893
io o
do
do
1.250.000 tl per an.
Feb. 4, 1893
First preferred, 6 p ercent cumulative...... ...............
100
1.230.000 8 per an.
Bemad preferred. 8 per cent cumulative........................
Feb. 4. 1993
do
da
100
6.000,000 Sec text.
Mch. 21,1893
American 8 rauboant—Stock...... .......... ..... ....................
1.000
1st mortgage, gold, subject to call after Feb., 1901....
1891
6 g.
1.081.000
Boston, Internal Tr. Co. Feb. 1, 1911
IOO 30.773.000 See text.
American Suaar i.v/Ditug—-Common stock.......................
X .Y . Office, 117 Wall St, Apr. 3, 1893
100 38.773.000 7 per an.
do
do
preferred stock. 7 p er cent cu m u lative........................
Apr. 3, 1893
1.000 SBLPee.1 *92
6
. N Y „ Central Trust Co. Jan., 1911
1st mortgage tor S i 0,000,000............... ...............
100 14.000,000 5 per on.
American Tel. a CaMe—Stock, guar. 5 p,e. by » cat. Union
N. Y „ West. Union TeL .Mel*. 1, 1893
50 17.900.000 See text.
American 'tobacco Co.—Common stock .......................
N .Y .,F a rm . L A T r .O o . Feb. 1, 1803
Common scrip. *ubj. to call or cooveralon before Jan.,'94
150,000 See text.
Feb. 1, 1893
do
do
T oo
Feb. 1, 1893
I I1,935,000 8 per an.
do
do
Preferred stock.8 p ercent w m -cn m a laU ve............... :
Prcf. « r t p , subject to call or conversion before Jan.,1*4
100.000 8 per an.
do
do
Feb. 1, 1893
Too
American type Ffmftdere-Common stock....................... j
5.000.
000
.......
....... .
100
Preferred stock, 8 per rent, cum ulative,...................... 1
Fftb.
4.000.
0011 8 per an. FebN. Y.-Gimr. A Indcm.Co. 15. 1893
■ M lra n .B ell Teleph on e Co.—Dividend*—In 1831, 6 per stock. Clan*BpreokeU and A. B. Sprockets are
B. Sprockets arc
S to 1882. I t ; to 1883,12; to 1834, 15; from 1885 to 1837, iae&s-! Company, and own the other half of the stock.
officer* o f the Western
tve, J » j to 1888, I f ; to 1889. 13i to 1330, 18; to 1891. IS p . ju to . la January. 1893, Mr. tearfe* gave a U*t o f the nafluerfes In the
VS;
188s, W ; to 1833 m
1390. Is. In I h9I._13 .o.;
to January, 1393,
s «;irt«»
a list ,
!■ ** *
*
“
*
H i f l l 3: “ 1893,; United state* dffiM
. . . . . Sugar Trust and with which toe
1892, Jan., 3 p. c „ April, 3. July. 3 and 3 extra:.October. " to ’*833, } Unit * * * not controlled . by .the and 3 extra: April, 3 per cent. Stock to W imweteed }i tens* ha#no friendly aoder*t»nffla*. They are; Revere, of Boston.dally
wed tow
*‘
V. jJ.. , Jt
M p
jjk *
. ** *»*n 4 1 i'hfW Ik*wM MHenderson, n f S!'A«s Aelaona ilnilo capacity
**
i e mtta
r
No 830,000,000. to'1393
I capacity, 1.000 barrels; I7an*lia*«nn of Hew Orleans, daily oo „« alt tr
caps *l# ir
On January 1, 1992, the company had. 512,407 Instronteoi* It* 300 to 400 barrel*: Cunningham. .near Galvreton, Texas, 'about game;
*
Bee to band* o> licet* wcs. amt 306,4.56 mile* of wire, agalo.t 483,
MuUlummx,
IJrookl .
2
1,790 MuUlneattx. of Brooklyn, which claims dally capacity o f * ,000 barrels
<
Instrument* and 240,412 mite* of wire la January . 1*91
The daily capacity of.reltnerlc* operated or controlled h r the Sugar
"
'
*
,000
w*» about 40.0C barrels a day. gee hill
AjdlffiAt BkroitT.—Beport for 1991 Wa» to Ciutoxtci.x, Y. 54, p. 559. Refining Co , Mr. Meade*
•tubiueul as to properties Iti V. 58, p, 1 *6
.1 .
1888.
1889.
1890.
1891.
i A n tM
Total gross earnings ... *32*65.119 8t.O i4.7ut 94.375,391 94.736.007 , 5* to p n * ;«d to g * against the ooiupyny uqA-rtheShenaan Anti-Trust
Net earnings................
Total net Income............
Psid dividend*------' Extra dividend*.......
Depreciation reserve..
2.U4.266 2.058,738 2.X69.41B 3,120.s ix
2,436,464 3 jM 1^88 2.960,41* 3,1384*20
1
1,193,132 1,238,9 1 1 1,463.913 IS W A O O
597,720
*<K>o,t;*»
oooxm
750,000
to o ,tm
646.596
503.920
035.505
Law tore V. 51, p .7 8 £ j see \ 51,p. ,61 ; \ . S3, p. 177 and V, 50, p. 126.
8ro*:iC -*lo, * author!ted I* *73.000,000 (half preferred), of which
on Dec. 1,1*92, 8,27,800 common and tM n amount preferred W to
M t*
ats
Treasury. In X49J f23J>48.000. half each common and preferred,
»»» 1
word for the pur,
of the PhtladeipUta r> niu-rlo*. and a largo
proportion of the capital stock of the Baltimore Sugar Co.
Dmpcaiw.-Dividends «ltw>, reoreatiixation: On preferred s U to k in
full to date; in January, 1*83, dividend* changed t< attarteriy On
>
W M » » . to 1*91. July, 4 per rent; in 1*92. J»n., 1; July. 4s October,
idlrtdrnds rhanged toquartcrtl t. 2%. iu 1*93, Jan., 2% per cent squar.);
April, ft jwr lent, and 10 per real extra.
Fwcr. or H M K.-Common stock in 1882. Tili|JII5% to 1*93, to
tX
March 17, Inclusive. 9*2tax* 154 V Preferred In 1802, 900107%: to
1*113 to March 17, fneimdvr. Mat *104%.
Axxt xi. lUrtyitr -fl*e *i year ends Nov. 30. The lost report, which
was for II mouth* ending Nov. 30. 1*92, wr»* lu V. 50, a. 7 0 . and
stated that “ the net carttlo** of the cotajumy for the olcvon
month., acnordiag to the books, have boon ♦•i,6l3.#37, from which
•mount
dividends of 4 per rent on the ooiatnaa stuck
a»d :i*i twr ceot.oti U piofertnd were paid in July, and a (hartoriy
u<
dividend .4 *2 per rent on tb»common * « » on OcL 1. leaving a *ur-
Total..... ................ 2.438,484 2,538,913 2,809,418 3,128,820
- ( V . 52, p. 121 ; 53 2 ; Y. 54, p. 415, 459. V, 54 p. 403d
A m e r ic a n Coal.—Then- are mortgage bond* for #800,000 D lrl
of u p e t c e n t
per m m am
hays* bees paid «mt-nuuuaUy.
A m e r ic a n Colton i l l t o — H ',»x ir»rj< .» - U im rfrirn lm l tv t.
O
12
l$ $ 9 , under *h» law* of S a m J e t m y , to .<*.-.•»•»4 too American Cotton
00 T r u s t , o f which tt w*« a reoncMiuettee. Owm she fetewtng prop
ert>.«. mil'of which men free from mortgage t e a : 7 0 « » d e »8 tnllk. 14
faHnertc*. 4 lard plant*, 9 soap facturtca. 15 cotton gtunoria*. 1 cotton
© prewar* Mad# fcrtUDer tortnrtrw; to all 124 pTOperliM.of whtob 34
mb
were not active on Aug. 31.1*82. 8m V. 53. p. ,07.
87ocx
Pnf.*te4ic.feA p.ct„ iw»o-<ftasulatlvc, m d i.» sub
ject to call at any time at 1».*». Freferrcd stock tor *t.:W3,700 »»4
■ddittonai to the amount given to the tabic above aa owtotauAIn* I* In
V m a m t p a t t f a tesMaury, ami enmi^t tboreof most be held to exotango
...... .....
'-*
*i ,
.•,
: **, I •
7 t
i • ■
at s»r for the debmturM, which arc snhject to call at i 10. on two id'is >
awtothe* notice So mortgage Uen can bo* placed Mima the 'property , f* be dedm-ted the dividend paid oa Jen. 3 of *2,20(1.380, which would
Without the written consent of Hw holders of *0 i-w'-iH of these dr «*•*'• * »nrpl>i, of earnings for the eleven months of $2,732,157.**
k.-r.t»rr,-* Under ptou for gradual retirement of debenture tend-. , There was brought over from the ye.tr 1*91 » rarptu* of «1.837,§219,000 w«re drawn and ranceied Aug. 1 . 1892. B e , V, 5 p. TO .
.*.,
O
f - - wbleto with the addlllun of 1*92. H t h * the total snrptoa n« of
biviwtxixs.—
Oemi aiiimnl dlrtdemletttna the prefemsl stock at tte :
ree^'tovi’
rat.- of 8 per rent per annum were paid lu June and Deremter. 1892. |ffifu ’ in Xfereh 1^3 weS
F a ic n orMtocMs—Conanonetock In I k- i . I 5 w « 3 5 % in 1*92. rrj*,©
j
47V in 1st..!, to March 17, tocinaive, 4a»e#5l%
Preferred In 1891,
llo i a iu ft iiJ ^ n d ^ d llt o ^ l «
8 8 *s »6 5 ; in lUSrj, 8 3 > e »(»«7« In 1*93, to March 17, ln e !o .Ire ,7 »w 8 4 ;!
A n x c a i . R*rre>«rr.
Annual meeting o f
y B S - a —- jm
m
Fisea! year ends Amreat 31.
moekfcoMer. on ttw ------ .........
s
,
• « !«U s h « ! tn fell in s
g lW
b g Voltie Of property Auc. 31. to '*2, as follows kpprai f A a g . *.°°w:
l $ ' lN N r t't■ bm i
w
■ Ante, meehtoery, itc.. $9.567,531; cash to hanks, #2,185.333.f W te
*.
and account* receivab le,f 1^39/245; maritotobleptoduetaand snjmUtw
an k m f i f M M A U i total ruination, #7,113,33*. Nee * u * p. 746
For the year ending Aug. 31, t«9 3 . the preSts o f the whole begin**.*
waref'AJI27,«80,lossexpen>esof artndntstruttoti.tntereetoo bond*,*©..
8873,725s M w w . n e t Innetne. #1,*53,973, The preflt* from ail She
ppopenim . axciualve o f tntereat edmrgn* and geweml office e sfeu se .
.Saveboon M foO ew ortn ee lA k d : Year ending M ay S I, t8#7, #2,44#,*" “
| ® : year ending May 31, 1*8*, #2,459,132 fifteen months to Aug,
il? ™
‘ a,1 ,,?NrJ-rlNd Ir te T .lN iN e !
,
il.Z F
U b r *Wlt* * quarterly dividend of 3 per cent on tho common stock.
A eerie.
Liabilities,
#180,000
* ,!'*fln"< '** Ideal .......#41,250,000 Mortgage* ................
f l.iMh...........................
1.271.992 famns.... ................ .
7,438.916
1,813^00
' Ifcniarid i „ « n . ......
7,1*6,500 Unpaid b ill. ..............
Bomur,r»w»adn>8acd. 7,2*7,770 le tte r o f cresllt meet.. 3.898,449
M
ules account. ........ 4,609,52# Oiwn accou n t............
511.338
Boneblack A aoihlrtes. 1,584.0 to U n p a i d d i v i d e n d s . . . .
1*818
Addltiobnal property. 1,547,240 Sugar H of!eerie*C o...
811JI63
Itchnery iropmt aect.. 2.533.SMJ9 Males of rcalcstuto and
Investment account , 23.'.46,000
m alerial. .................
383.803
Treasury stock .......
838,879 C a p ita l....................... 73,548,000
Ntk. la other eorpor'n*, 3,438,190 Surplus.......................
8,578,300
t m n sef.mtit*. eto....
1,257,453
Total aaaefe........... #95,159.402
T ola! UabUiUtvs.,....#03,159.462
lim Bcrok*. —II. O. ifevenmywr. T, A, Ilavcm ercr, F, 0 . MatthlmeeOeo, c. Mssonn, J. 8. femrlra, J f „ Wni.IMek. J. B.Thotane. Treasurer,
B. Mason, fieorge A,, Me
Morrison, R.T. Wtloon, all of New y»rkC3ty: Juice
•Idlge. New Orfeaa*. 1 fUFs. Fntrbunk, Chicago, Hi.; M. Frank. John E. heartes. Jr., Sew York Office, 117 Wall street, tV. 54, p
...
a- 5,
Atlanta. Oa.; O. A. Hobart. Paterson. N. J.; E. Urspthart. I.lttle Rock. 1 I 9, 802, 469, 3— 781: V. 35, p. 177; V. 58, p. 10. 126. 413.)
Ark. Chairman of the Board of Directors. E dw ard D. Adama, Presi
A m e r ic a n T e le g r a p h Ac C a b le C o m p a n y .- O w n * two cable*
des;, John. B. Bartlett; Secretary and Auditor, Rob«rt E. Munro; between 8emt.ni Cove, England, and Dover Bay, N ora -Scotia Cables
leased to Western Union till 1932, with a guaranty o f 3 per coat per ab57
7
nutn oa the stock l*»ucd—#14,000,000.
A m e r ic a n D la t r t c t T e l c g r a p l . . —See S trrLEM gvT o f Jan., 1890.
A m e r ic a n T o b a c c o C o m p a n y .—Organired In 1890 under laws
o f State o f New Jersey to tuanufaetor® and sell toliacco ln all Its forma
A m e r ic a n K x p re a # .— Dividends, 6 percent yearly since 14*2.
8TOC*.—The stockholders on July 11. 1891, voted to iacreaso the
A m e r ic a n H o d , P o u n t . i n C o .-F o rm e d in 1891 under Saw* of
Hew Jersey to manufacture *o<la water apparatus and supplies.
co-ttronn stock to #21,000.090 (par #30) and the preferred stock t o f l i , -D ividend# on preferred stock have been vn k la full ap 000.000. See V. 53, p, 21. in 1892 the company h w d for purchare o f patent right* #100,000 prefcm sl scrip and $1.50,000 common
* * *
f
>were chantfVb— * ' »•?“ •crip, iw M tv tu rfm right to retire same on o r borore January. 1891, at
• to.jr.artrrty.
••d
■A.tofu at, KKtsMtT.—Flaeal year ends. Dee. SL Rci*.rt for IW2 tn < p.-tr. or eonvertittg <sm,' into the preferred and common stock o f the
*.
M, (. 304, abowed total sates of #1,116,7431 ___ ____________ ____ company. Preferred stock listed In Bept., 1990. Bee 5'. 51, p. 349,
43: net. #110,4*7, against
•419.46910 1*91
dividends. #300,000; balance. # 1 10.4S7; t o U l stir
Dtvi r»KWD«; On common stock for 199112 per cent was paid; tn 1892,
pin* Dec. 31.1*92. #220,956.
November, B per cunt, Id 1893, February, 3 per cent iqtxar.)
DtskcToiiA—James W. Tttfla, Boston. President; 1 . 0 , Lippincott,
1
ANNUAL ERPOkT.—Report for year 1892 was In V, 50, p. 163, show
fhilsdrtphia, JPttnt Vico President: John 1 , Matthcw»,N, Y .M-cond Vice1
N
ing set earnings after deducting all expenses o f $4,739,301; dividends
on preferred. #960.800; dividend* (12 per COhti on common, $2,100,000; balance, surplus, $1.612,50 1.
North, New Turk. Secretory, (V. 54, p. 396 . V, 56, p. 2 94 .)
Bal .m e sheet Dee. 31,1892. showed: Assets, real estate, stock, etc,,
A m e r ic a n N lr a w B o a r d . —fncorpnrnted under the l»w s o f Ull- #33*153,202; eash.*#910,28* ; bill* and account* receivable, #1,877,reN , p f^ F u lr 71 f f 9 3 M
' “ * P 'm * 9>mrtoriy dividend. 2 per poo. total, #3«.1?L,38<i. o o ffira -P to c k nod scrip (ere table above},
#30,oH5,(m>); dividends payable February. 1893. #782,200: accounts
A m e r ic a n S u g a r B e f l n i n g , —This new Jersey corporation be- and eemmlsainna payable, #-09.014; adrertu lftg fund, #380,881; stir
S f e j " •'? "f»?fT. 1*91. the owner of all tire properly theretofore plus. #4.107,895: tetel. #38471,390.
tetoogtng to the Sugar R. «lf,cd,-« Company, or so-called Sugar Trust.
D m eoroiis.—Lewi* fllntor, John Pope, Oeorgc Aronts, James B.
Its
("trehaaed the capital s t,«k of the four Philadelphia refineries Duke, Beniamin. N. Duke, Oeorge W. Watts, Francis 8. Kinney. W. 0.
*nd a esnfeolHng taSerretm the Baltimore refinery. Sprockets'* re- Btttier. Charles O. Emery, 5V. fCKitnbiUI, William A, Marburg, Oca. iV.
' t W fernto is now under « lease for ten years to the “ Western OffiL Pres., James B. Duke; Bee., Wtn. H. Butler; Treas., Oeo. Arents,
Sugar Be tiffing Company," of which the ** trust" owns o n aliall the N. Y, Office,45 Broadway (V. 53, p. 31; V. 54, p. 485 ; V, 56, p. 103.)
I n %k c t o
A.
"
■».—Ed ward D. Arlams, John It. Bartlett, T. R Ctowrey, W.
C.*•
Ewes, t. IsarUtffi, CiMrirw luenler. Mayer le-hman. Alfred
Jarnce A. ii
Er .*i,T 's p*x.-^? ’s Mr,*ii.rv > «■ *
B
r-
iS S fW
152
INVESTORS’ SUPPLEMENT,
[V ol . l v i .
S u b s c r i b e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b l e s .
Bonds—Princi
MISCELLANEOUS.
IN TE R E S T OR DIVIDENDS.
Date Size, or
pal, When Dne.
Amount
Par
of
Rate Per When Where Payable, and by Stocks—Last
<For explanation o f column headings, &o., see notes on
Value. Outstanding Cent.
Bonds
first page o f tables.
Payable
Whom.
Dividend.
$100 $1,000,000 See text. Annual. N.Y.,Guar. &Ind.Tr.Co. Deo. 31,1892
ba rn ey & Smith Car.—Common stock...............................
100
2,500,000 8 per an. Q.—M.
Pref. stock. 8 p. c. cum., pref. as to dividends o n ly .......
do
do
Mar. 1, 1893
1,000,000
1,000
6
1st mort., gold, subject to call at 110 after July 1,1902.. 1892
J. & J. N.Y.,Guar.&Indem. Co. July 1, 1942
100
6,000,000
B rooklyn Traction—Common, stock..................................
100
3,000.000
Preferred 6tock, 6 p. o. cum., sub. to call at 110 and int.
J. & J.
100
5 ,000,000
Brunswick Oompany—Stock..............................................
Feb. 25, 1890
1,000
160,000
Bonds, gold...................................................................... 1891
6 g. J. & D. N.Y., Knickerbocker Tr Dec. 1, 1896
100
3,431,500
Canton Oompany—Stock,............................. - -..................
100
6,500,000 7 per an. Q - J . N. Y., Office, 37' Wall St. Jan. 10, 1893
Central < South American Telegraph—Stock $8,000,000..
£
1,500,000
5
Construction certificates to be converted into stock...... 1892
F. & A.
do
do
eonv. into stk.
2,602,950
5
Chesapeake < Delaware Canal—1st M. (extended in 1886)r 1886 500 &c.
<
j . & j . Pbila.,Of.,528Walnut St July 1, 1916
1,000
924,800
Chicago < Atchison Bridge—1st M. for $1,000,000, gold-.c 1885
£
j . & .1. N. Y., W. & J. O’Brien.
6 g.
Jan. 1, 1915
100 24,885,800 See text. Quar’ly. Phila., Fidel. Insur. Co. Mck. 21,1893
Chicago Gas—Trust Co.’s receipts o f equitable interest...
500
2,100,000
6 g. M. & N. N.Y..Cent. Tr.tfc Lond’n. Nov. 1, 1904
People’s Gas Light & Coke 1st mortgage, g o ld ............ c 1874
500
2,500,000
2d m ortgage................................................................c 1874
6 g. J. & 1).
do
do
Deo. 1, 1904
1,000
2,000,000
Equitable Gas Light & Fuel 1st mortgage...................c 1885
6 g. .1. & j . N. Y .,Cent. T r.& Chic.Of. July 1, 1905
1,000
4,032,000
Consumers’ Gas 1 st mortgage, gold..............................c 1886
5 g. J. & I). Chicago, Union Nat. Bk. Deo. 1, 1936
1,000
1887
9,448,000
Chicago Gas Light & Coke 1st mortgage, gold.
5 g. J. & J. N. Y., Central Trust Co. July 1, 1937
*■. •_
T . . _J '
»
u . . . In
100
6,500,000 See text. j . & j . N. Y,, OlHce, 45 B’way. Jan. 5, 1893
Chicago ju n .ction rRailways C5TUnion Cfi .AA I. Yards—Stock..
< T .l /.A. Stock /i Al//
100
6,500.000 6 per an. J. & J.
Preferred, 6 per cent cumulative....................................
do
do
Jan. 5, 1893
1,000
10,000,000
Collateral trust bonds, gold, $ or £ ............................. e* 1890
0 g. J. & J. N.Y., Cent. Tr.; London. July 1, 1915
1,000
3 ,000,000
Income bonds, 5 per cent, non-emn. (See remarks)........ 1892
J. & D. N .Y. Of.—When earned. July 1, 1907
5
100
1,750,000
Citizens’ Gas Light o f Brooklyn—Stock for $2,000.000---1,000
Citizens’ Gas Light lstM.bds.,sub.to call a ft.A p r.l,’95.o 1885
250,000
5
A. & O.
Company’ s Offiee.
Ap. 1, '95-1905
1,000
500,000
Consol, mortgage for $750,000, gold........................o* 1890
fe
5 g. F. < A. N. Y., Central Tr. Co. Feb. 1, 1940
1889
1,000
250,000
Union Gas Light Co. 1st mortgage bonds.....................
6
j. & j.
do
do
Jidy 1, 1905
1,000
250.000
Consol, mortgage, gold................................................ 1885
5 g- J. & J.
do
do
Jan. 1, 1920
A m e r i c a n T y p e F o u n d e r s . — Or g a n iz a t io n , &c.—Incorporated
-in 1892 under laws o f New Jersey to acquire and carry on the business
o f twenty-three companies and firms, manufacturing and selling about
•85 per cent, it is said, o f the entire output o f type in the United States.
N e a rly all have been long established and, it is claimed, uniformly
prosperous. Total assets (exclusive o f good will) inventoried at $6,115,128. The company purchased its properties free and clear and
-started with a large cash surplus on hand. See advertisement C h r o n i
c l e of October 15, 1892.
Sto c k .—T he preferred stock is entitled to an 8 per cent dividend,
cumulative, and payable quarterly; is a prior lien on tne property and
assets, and is entitled to two votes for each share, as against one vote
fo r each share of common stock. No bonds are to be issued.
E arnings —E xpert accountants report the average annual net profits
fo r the last tliree years to be $659,496, the lowest for any one year
being $607,495. Expenses during the last three years have been ex
cessive, and there has been outtingin prices. (V. 55, p. 625, 638.)
D irectors .—Robert Allison (President), G. Frederick Jordan, John
Murder, Wm. B. M acKellar (Vice President), John J. Palmer, J. W.
Phinney, Cortland Parker, jr, Henry Barth, L. Boyd Benton, A. T. H.
Brow er [Secretary], George B. Turnbull [Treasurer], Office—See N. Y.
Guaranty & Indemnity Company.
B a r n e y Sc S m i t h . — Incorporated in 1892, under laws o f West
Virginia, to aucoeed a company established in 1849, and doing business
at Dayton, Ohio. Stock and bonds listed in N ew York in January,
1893. Dividends—Ou common stock in December, 1892,15 per cent.
B r o o k l y n T r a c t i o n . — Organized in 1892 and purchased the stock
o f the Atlantto Aveuue Street RR. Co. of Brooklyn at $125 per $50
share. The road w ill he operated with electricity. The Brooklyn Bath
& West End BE. (see Bailroads) has been bought in same interest. This
is not the company which controls the Brooklyn City ro a d ; for that
oompany, see Long Island Traction Co. The securities o f the Atlantic
Avenue Company are described at the hack o f this S u p ple m e n t in
table of N ew York & Brooklyn street railroads. See also earnings, etc.
in V. 55, p. 468. 856; V. 56, p. 245.
B r u n s w i c k C o m p a n y . — Owns real estate and w ater front In the
■city o f Brunswick, Ga., and stocks in local companies.
C a n t o n C o m p a n y . — See Su p p l e m e n t of September, 1892.
C e n t r a l Sc S o u t h A m e r i c a n T e l e g r a p h . —Owns cable line from
VeraC ru z, Mexico, to Valparaiso, Chili, 4,750 miles, and land lines
850 miles, etc. Also the Trans-Andine telegraph lines, 1,200 miles,
tmrohased in 1891, and connecting Valparaiso with Buenos Ayres.
Connects at Vera Cruz with Mexican Telegraph Company, and
owns an interest in the direct cable between Galveston and
Coatzacoaloos, 825 miles, etc. In June, 1892, $1,500,000 construction
certificates, convertible into stock, were sold at par to stockholders, to
meet the expense of duplicating the cable between Salina Cruz, Mexico,
and Chorillas, Peru. These certificates are to be converted into stock
within three years after the completion of the work. See V. 54, p.
1047. Increase o f stock to $8,000,000 was authorized Jan. 18,1893.
D iv id e n d s .—In 1885 and 1886,4 per cent; in 1887, 6 per cen t; from
1888 to January, 1893, both inclusive, at rate of 7 p. c. per annum,
payable quarterly; in March, 1890, a stock dividend o f 20 per cent
was paid for surplus earnings invested in plant.
E ar n in g s .—For 3 months ending Dec. 31,1892, gross earnings were
about $232,734; net, $160,734; dividend, $110,390; balance, surplus,
$50,344. Office, 37 Wall St., N ew York.—(V. 53, p. 880; V. 54, p, 1047;
V. 55, p. 1077; V. 56, p. 127.)
C h i c a g o Sc A t c h i s o n B r i d g e C o .— Owns and operates a railw ay
and highway toll bridge across the Missouri R iver at Atchison, Kansas
used by the Chicago Rock Island & Pacific, Hannibal & St. Joseph, Kan
sas City < Council Bluffs, Missouri Pacific and Atchison Topeka & Santa
fe
F e railw ay companies. In 1889 gross earnings, $122,817; fixed charges
and expenses, $100,246; surplus, $22,570. In 1890 gross, $118,429 •
fixed charges and expenses, $94,933; surplus, $23,495.
C h i c a g o G a s . — H is t o r y .—The Chicago Gas Trust Company was
Incorporated in Illinois in 1887 to acquire gas properties in Chi
cago. In April, 1890, its name was changed to the Chicago Gas Com
pany. and in April, 1891, the stockholders deemed it expedient to sur
render their charter, the courts having decided that the organization
was illegal. The F idelity Insurance Trust & Safe Deposit Co. of Phila
delphia, which held in trust all the securities helouging to the old
company then, upon request therefor, issued to the holders of Chicago
Gas certificates, trust receipts for an equitable interest in the securi
ties so held. See V. 53, p. 21. Dividend increased to l i g p. In Decem
ber, 1892.
T rust R ec eipts .—These certify that the holder is entitled to his
-ratable proportion o f tho ownership in all the stocks held by the
Fidelity Company (subject to the lien of the bonds), and has the righ t to
’ receive the dividends thereon and to vote the same as he may choose.
D ealin g s w it h Ci t y .—In June, 1891, a settlement was reached
b y the several companies on the basis of
the city get
ting 3 >2 per cent
o f tho
gross
receipts, or at
least
$150,000 per annum, and paying $1 per 1,000 fee t fo r its
as—the price o f gas to other consumers to remain at $1 25 until
893, when a reduction o f 5 cents in the price should he made each year
follow in g until $1 has been reached. SeeV. 52, p, 939. As to the
Economic Fuel Company see Y. 54, p. 366, 405, 799.
Se c u r itie s Ow n e d .—Company owned $14,887,625 o f the $14 984 “ 00
stock of the companies whose bonds are given in the table above ’and
this Btock was deposited in trust for the benefit, and security of the
.shareholders o f the Chicago Gas Trust Company, aud for the security
f
of the holders of the mortgage bonds that were then, or might there
after, be issued by any o f said companies. Through its interest in said
companies the company also controlled all but $15,800 of the $1,650,000
stock of four smaller companies, tliree of which have outstanding
the follow ing bonds; Lake Gas Company, $300,000 1st. mortgage
6s; Hyde Park Gas Co., $200,000 1st mortgage 6s; and Illinois Light
Heat A Pow er Co., $500,000 1st 7s; guaranteed by the Peoples’ Co.
B onds .—See application in full to N ew York Stook Exchange ill
Ch r o n ic l e , V. 47, p. 746. The guaranty of tho Gas Trust Co. on the
bonds has lapsed, the guarantor having ceased to exist.
D iv id e n d s .—I n 1889,4 p ercent; in 1890, 3; in 1891, Sept., 1>4; Deo.,
i M; in 1892, March, 1 !s; Ju n e,) m ; September, i M; December, 1 > in
•»:
1893, March,
per cent.
P r ic e of Sto c k —In 1888, 29%®44; in 1889, 34®62; in 1890 32®65;
In 1891. 34 ® 71%; in 1892, 71%®993s; in 1893 to March 17 inolusive
8 4 58 ® 9 4 i 2.
F in an c es .—In December, 1892, the dividend was inoreased to lto
per cent. In February, 1893. $540,000 Chicago Gas Light. & Coke bonds
were sold. O f the $25,000,000 trust receipts; $114,200 hare been can
celed.
E ar n in g s , E tc .—In March, 1893, the offloials stated that “ owing to
unusual expenditures the netearnings for 1892 were somewhat smaller
than was expected In pursuance o f the establish d policy of the man
agement these expenditures were charged to the profit and loss account
for the year. During the first three months of 1893 tho increased
amount of gas sold been about 16 per cent in excess of the amount sold
during the corresponding months o f 1892: and the mana gement expect
that the ratio of increase consequent upon the W orld’s Fair will he
still greater during the remainder of the current year.” The earnings
have been as folio /rs :
Year.
Net Earnings.
Interest..
Surplus.
1899..........................................$2,389,709
$1,035,100
$1,354,609
1891 ...................................... 2.787,835
1,044,250
1,743,585
1,087,508
1892 ...................................... 3,035,604
1,948,096
N ew York Office, 29 Broad Street.
—(V. 53, p. 59, 921, 753, 880; V. 54, p. 366, 405, 443, 485, 799; V. 56,
p. 331.)
C h i c a g o J u n c t i o n R a i l w a y * S U n i o n « t o c k Y a r d s . — Or
c
jompany, incorporated in 1890 under the laws o f New
Jersey, has purchased 98 per cent o f the stock of the Union Stook Yard
& Transit Company o f Chicago, which latter company owns tho entire
stock o f the Chicago & Indiana State Line Railroad Company. The
property thus controlled is situated in Chicago, and consists of 470
acres o f land (with one mile of water front) containing warehouses,
sheds and pens (to accommodate 25,000 head of cattle, 160,000 hogs,
etc.); also 130 miles o f steel-tracked railway, aonneeting with all the
railroads entering the city. See adv. in Ch r o n ic l e July 19,1890. and
V. 52, p. 203.
A greem ent w it h P ac k er s .—Under a flfteen-vear agreement dating
from July 1, 1891, the Chicago packers, Messrs. Armour, Morris and
Swift, and others, guarantee to give this companv tho business of pack
ing all live stock slaughtered by them within 200 miles of Chioago.
A ll this stock passes through the Chicago compauy's yards, and
pays the usual charges, which shall amount in the next six years to at
least $2,000,000. See V. 54, p. 328, 923; V, 55, p. 99, 297.
In July, 1892, a five-year oontract was made with the remaining
packers, the so-called Stickney packers. See V. 55, p. 99.
Ca p it a l Sto c k .—The common stock authorized is $6,500,000; pre
ferred, $6,500,000. The preferred stock is 6 percent cumulative), and
in case o f liquidation w ill have priority over common as to all assets.
D iv id e n d s .—On preferred, 6 per cent yearly to date. On common,
in 189110; in 1892, January, 4; July, 4; in 1893, January, 4.
B onds .—The collateral trust bonds are secured by deposit with the
Central Trust Company, trustee, of over 90 per cent if the stook of the
Union Stock Y’ ard Transit Company. The $3,000,000 income bonds
issued to the packers are 5 per cent non-cumulative inoomes, oarrying
interest after payment o f interest on the collateral trust bon is aud the
6 per cent dividend on the preferred stock; when earnings suffice
after payment of prior charges as aforesaid, the company will set aside
$200,000 yearly for their interest aud sinking fund, the inoomes being
subject to call at par. See V. 54, p. 328.
A n n u a l R e po rt .—Fiscal year ends June 30. Annual meeting In Jer
sey City first Thursday in July. Report for 1891-92 V. 55, p. 99.
This company owns 129,910 shares of the capital stock of the Union
Stock Yard & Transit Company of Chicago, purchased at a cost of $22,611,424. The gross and net earnings o f that company during tliethree
years ending June 30,1892 (estimating June, 1892), were as follows:
„
,
Gross Earnings. N et Earnings.
Year ending June 30,1890......................... $2,668,386
$1,717,809
Y e a r ending June 30,1891.......................... 2,863,633
1,800,458;
Year ending June 30,1892......................... 2,947,455
1,829,420:
The profits of the C. J. R. & U. S. Y . Co. have been as follow s:
,
1890-91.
1891-92.
Dividends o f U. S. Y. Co., int. on deposits, & c..$1,713,473 $1,706,440
Taxes, ordinary and extraordinary expenses,
legal, salaries, rents, &o................................
164,705
167 247
Interest on bonds................................................
500,000
500,000;
Dividends............................................................
988,117
889,204
g a n iz a t io n .—This
Total payments
Balance, surplus...
$1,652,822 $1,556,451
$60,651
$149,989
MISCELLANEOUS
arch, 1893, J
STOCKS
AND
BONDS.
153
S u b s c r i b e r s w i l l c o n f e r a grreat f a v o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b l e s .
MISCELLANEOUS.__________________ j Date
For explanation o f column headings, &e., see notes on
of
first page o f tables.
j Bonds
0Utt Suburban R 'g - l s t M. eonsoL $3,000,000, go ld .... 0*1
Olatlin tlt.J i.) Compuoy-Cotnmon stock ............. - - - - - 1st prei. 5 per cent, cumulative., j prt-f. as to print!- /
2.1 pr. f. 0 per cent, cumulative.... ) palanddiviileuds. >
Colorado Coal * Iro n Dceetopmrnl—Stock.......................
1st mortgage, gold, guar., redeemable at 105 . ........e 'i r
Collateral trust bones, gold, secured by land notes......
Colorado Fuel <t Iron —Common stock, 811,000.000.........
Preferred stock, 8 per c e n t............................ ...........
CoL Coal & Iron 1st consol S t, g old ,». L, not d raw n..e'i
Colorado Fuel Co’s gen. more, gold, s. f. red. at 110. eJDenver Fuel land notes...................................... .........
COLFuel * lr. con. SC (£6,000.000) g .s.fd., red. lOS.c’ .tr:
Grand R iver Coal & Coke 1st mortgage, gold,see text.. •
Columbus d Hock. Coaid Iron C o —Stock, *190,000 Is pref.
1st M., g. i t 3,351 acre#land.mines. Ac., s. f.,not dr'u o'
Commercial C a b le s tnck (£10.000,000)......................... .
Debentures payable £10,WX) lo £120,000 per antram.
Comstock Tunnel— In, *,me. r.oii OUP). ($3.000,000),goM.c’ ;
Consolidated Electric Light—Stock.................................... .
Debenture bonds, sinking fund.................................. c
....
Consol (dated Gas ( If, T .t—Stock............................
Knickerbocker Gaslight, 1st mortgage, slaking fund r*
Metropolitan Gaslight Co., 1st mortgiwte.................. ,e
Debentnrt e . . ...................... ....................................... —r;
Consol. Kan. City HmrlCg, f Ucfin'O—S t oek......................
■' l ,
1st M.. gold, subject to cull at 105 after M ay 1, 1895..C*!
1892
Bands—P rin ot.
IN TE R E S T OR DIVID E ND S.
Size, or
pal,W ien Due,
Amount
Par
When
Outstanding Rate per Payable Where payable, and by Stocks—Last
Value.
Cent.
Whom.
Dividend.
$
1,000
100
100
100
100
$1,380,000
5 g- J.
3,829,100 See te x t
2,600,300 ft per an.
2,570,600 6 per an.
6, 000,000
700.000
5 g- J.
630.000
6 g. J.
9.250.000
2 , 000,000 8 per an. F.
6 g. F.
3.004.000
1.030.000
6 6- M.
1889
1892
1,000
1880
1889
1.000
1.000
1893
1889
i",6«> m
1.000
1887
1889
1878
1881
1888
1990
1,000
100
100
12,000
M ar.’93.
“ ge708.000
6 g.
;
100 I 4.890.000 See text,
I 1,000 i
985.000
6 g.
100
7.716.000 See text.
£60,000
6
jftO Ac. 1.908.000
O
* g.
100 | 2.500.000 ; ee ’text.
S
163,100
6
1 T o o ! 35,-130,060 6 per an.
1.000
-100,000
6
500 Ac.j
6
658.000
1.000 i 1.500.000
5
25 I 2.500.000 See t e x t
1.000 i 1,000.000
6 K..
A D.
Baltimore.
N.Y. .Office— Church St
do
do
do
do
Jtrne 1, 19951
Jan. 15,1893
Fell. 1, 1893
Feb. 1, 1893
A J. N. Y., Company’s Office. July l f 1909
1807
A D. N.Y.,Real EstX.sk Tr.Co
& A. N. Y „ 18 Broadway Feb. 1, 189a
& A. N. Y.,Knickerbocker l r. Feb. 1, 1900
& N, N. Y., Atlantic Trust Co. May 1, 1919
N o t . 1, 189a
F. A A N.Y., Office 18 Br’dway Feb. 1. 1943
N ew York.
Apr. 1, 1919
A. A O.
F. A A. K- Y.» Office, 80 B’way. Aug. 2 0 , 1891
J. A J. N. Y .t Amer. Ex. Bank. Jan. 1. 1917
Q.—J. New York. 1 Broadway. Apr. 1, 1893
J. A J. New York and London. 1893 to 1900
M. A K. N. Y., Office, 115 B’way. S e p t 1. 1919
N.Y.,Co.’s Of.,3*2Nassau Oct. 1, 1890
1892-1895
X A J, N.Y., Am-Exob. Nat.Bk.
Q .-M . N. Y., Office, 4 Irv in g PI. Meb.Xo, 1893
do
do
J. A I),
June 1, 1893
F. A A, N. Y., Farm. h. & Tr. Co. Aug. 1, 1901
M. A X. N. Y., Office, 4 Irv in g PL May 1, 1908
N. Y. Of., 20 Nassau St. Men. 1, 1893
M. A X. N, Y., Of. 20 Nassau st. May 1. 1900
DlJM
sexoiM Cbfitt»e*y M. Depew (Chairman), John Quincy Adam# ^ w m published in the Ch e o n ic l l of February 26,1887, V. 44, p. 278*
k—<
flPrcKldesit). Edward J. Phelps, o f Burlington, Vt.; W. J. SewelL Cam*
den, N. J.; F. H. Prince, Boston; Fred H. Winston and Albert H. Veeder,
ft J. Marty a o f Chicago, H eghO . CWMew and Adolph You Andre, of
Loudon, England. O rncEES.-President, John Quincy Adams; VicePr* ddent, w m .J. Sewell; 8-eeretary, William C. Lane; Treasurer, Thomas
Stutgis. N ew York office. No. 45 Broadway.—(V. 53. p. 21, 125. 186.
435,l i f e ; V. 54, p. 328. 405, 92*3; Y. 55, p. 58, 99. 2973
citizen** O r » Co, (B ro o k ly n .)—Stock listed on New York Stock
Exchange In May, 1892. The official statement to the Exchange was
given in foil In V. 54, p. 883. On April 1, 1892, number of meters In
are. 6.931; street lamps, 1,380; m
ile#- of street mains, 70%. President.
T. K. Stillman.
The Central Trust Company o f New York m trustee of the mortgage"
3 A fte r May 1, 18-88, tw o cents on every ton o f coal from the mortgaged
j premise* goes to a sinking fund; bonds tendered may be purchased at not
I above 105. Dividends oh p referred: In 1891, February* 2 hi per cent;
s August, 2%; la 1892, none.
In fiscal year ending March 31,1891, gross earning* were $1,190,011;
Snet, $147,638 tagainst $121,225 in 1888-89); surplus over interest,
taxes and dividend on preferred, #31,012; from which paid royalties
on coal not owned !u#fee. #17,743; car rentals, $3,221; discount,
’ $18,255; improvement*, $8,220; balance, $13,572. New Y o rk office*
I #0 Broadway.(V. 52, p. 507, 643, 831; Y. 53, p, 187, 2 8 8 . i
C o m m e r c ia l C a b le C o m p a n y .—This l* popularly known as the
City 4k Sub urban. B e l t . —See 8WPB%. k e nt of January 1893.
m
j Macimy-Bennett Oahle Company, owning two ©holes from Nova Scots a
C lsflla (H . B .) Company*—Incorporated under the lawsofKew j to Irelan d; one front Ireland to Havre, France; one from Ireland to
Jersey In Mmy, 1890, to carry on the mercantile bim iu m m of the- firm of ; Bristol, England; also on© from Nova Scotia to New York and one to
H. B. CSfiftto «&Co., of New York City. T h e company’ll premises have a : Eookpoiit, Mxws., Ac, In September, 1887, the stock was raised to $6,frontage of 375 feet on Worth Street*, and with all «p»itrtena»»s are f 900,000, and in October, 1#.**, to #10f(MX),O00, o f which sufficient is revalued at #2,739,181, Its total assets Jan. 1, 1803, luelmlitig merehan- l served fcoT^icem tlm debenture-, Ac. Divideiids—In 1889, 1% t*. ©.; in
aoeonnt.f receivable, etc., being p m at #16,652,816. V. 56, p, 80. 1890, 8 per cent; In 189.1, 7; In 1892, 7 ; In 1893, January, 1%;
f April, 1%, On Jan* 15,1891, 1892 and 1893, company elected to pay
l)t?rr>rti>».“ Oii preferred stocks fall dividends to date. On common ! o f # 420,000 debesot.tires, being th e ma.vlmum amount payable par
stock In 1891,10 per cen t; In 1892, January*, 2 ; April, 2 ; July, 2 ; Oc |annum. In 1892 gtoss •artunv*. rl,8iM)j477; net, $1,099,578, against
tober, 2 : in 1893, January, 2% per cent, hiuar.j
In Septem [$1*085*324 in Is p i. >tr. J. S Mackav, President, 1 Broadway, N ew
S
ber, 1891, .ft w p decide*! to pay the d!rld«nd». on the first pro* I York.—CV. 50, p. 71,706, 735; V, 54, p. 525.)
ferred stock thereafter to gold.' The option of converting preferred
into common stock expired May 6,1892, and atmuni charge* for
C o m **fo rk T o n tie ! *’ o ,—Owns theSuiro Tunnel on Comatock Itod©
dividends ahead of common *toek are now fixed at 8281.251.
for facilitating gold and silver mining op«?ratlon!*. 'Fha pro|*crty wao
Pisorrr* applicable to fUrtdotida were: In 1892, $870,090; In 1891, |torcelosed January 14, 1880, find this company formed in September^
$058,096; In 1389, $784,000; In 1888, $706,000$ in .1887, $766,000. | 1889, with 2,0< >,000 share* o f $2 each, making $4,000,060 capital,
m
B lo ck
Total so rid us reserve for common stock $549,248.
See semi annual j agfilssf $20,600*000 o f the old Sutro Tunnel Oompauy. The company
report in V. 56, p, 80. Office corner Church and Worth street** Now j has c‘ontract* with m number o f mining companies for payments or toyYork. (V. 53, p. 94 ; V. 54, p. 203; V. 55, p. 99 ; Y. 56, p. 80.)
j a lly fit the rate o f 4 per cent on the bullion yield at market p rice InC o 1o r a d o f o a l 4k I r o n If*- v e I o p m e n I »—Th*?d oc k of t hi « com i gold. The n'organlxatiou plan provides tlust one-half the surplus itim
pany formerly held to the treasury of the Col. Coal A Iron Co. was in ! come fibove ljBtore*t shall 1 s applied to pureh&*rt o f tlie bonds if obOctober, 1892. upon formation of the Col. Fuel & Iron 0 ».— which «#*«• |taltiable at or below 75, and m March, 1891, about $90,000 waa det^low —
-distributed to the Coal A Iron Company ’* stockholders. At the ! toted U* this pur|M*Ae, thus reducing the- funded debt by $231,000. In
m u m time the Development Co. m m u m e4 the C, A I. Company’s hills | May, 1.892, no Interest was paid on incomes, and on. Nov, 1 ,1892,1%
payable, and to return received certain lands and land antes* The |per cent was paid.
total real estate owned on Nov. 1, 1892, was valued at $6,209,623 iln i a n im ja i , HaroRT.—Beport tor year ending August 31,1892, was in 7 .
eluding town lota in Pueblo, e tc.); land notes, $900.000; other assets,
| n. 599, showing how the m tm ** eamingi have bcoti altooted by
5fi,
m m
#220,377; total assets, $7*330.000* LlaJdUtie# m in table above* Bee l the tall S the price of silver and live ivdurtion in th© amount of or©
n
In year 1801-92 royalty renelved. was $71,4.01 {against
fall i'totement to N. Y. Stock .Exchange in December, 1892 in V. 55, p. t taken out.
1112. The company hop«ts that by Feb. 1, 1893, iland sales will have
$157,631 in 1 800*91); other earnings, $20,201; misctdhmeoua ro-
It to pay oir ail Its first mortgage bonis t$700*000|, the guar* I ccipts, $8,507; back royalty, #22,855 ; hfitono© per previous report,
anty on which wsm aastmioi by the Fuel Jk iron Company, N, Y. * #103,095; total rebelpto, $220*719. Diahursernoiitfi—
-Operating, ©to.*
Office. 45 W all Bt.
[expense*, $72,157; bond interest jm
-id. $34,300; extraordinary o.x-
r g a 30x a ?
lon a n d pEOr- • ponses, $42,000; balano© forward Aug. 31,1802, $78,082. The output
in O ct. 1892, b y coiim lldm km \per plan to Ciie o n d ' le , f o f ore by certain compaule* was' only 152,809 tons, valued at
F u e l Sc I **«n .— f$fc€ M a p ,} ..0
C o lo r a d o
V. 55, p. 373, 639,J of the Colorado Fuel and th»* Colorado Coal Ac Iron ; $2,427,000, in 1891*92, against 209,023 tons, valmM at $3,175,000, in
Cos., the foroiercontrolling theOrsto.d E lver Coal At Coke and the Heaver i 1891491, New York office, No. 115 Broadway. (V, 55, p, 590.)
Fuel eon pan ies and the Huerfano L au d Association. It thus became
C o n » o • E l f c t r l c L ig h t ,BtrrptCMXfiT January* 1893.
the owner of the follow!«ur properties-; 69,000 aerea o f land, eontoln tog,
it l* elatowHl. 490,1)00,00*) tons of proved coal deposits. Including steam,
t’ ofjiaoD elated G a s o f N e w Y «>r k Tills c*»mpany was organized.
domeetle coking, gas, amHMng and anthracite coal; 800 coke ovens; November 11, 1884, under chapter 367, laws o f New York, 1884. The
15 coal mine*, with daily capacity o f 12,000 tons o f ail. kinds o f c o a l ; companies merged in it were the New York Gaslight, the Municipal Oassteel work's at BMCttfecrr* Including 3 blast frinjiicc#, m psteitf 330 tons ight, the Metr*»j»oiitan Gaslight, the Man hattan Gas Iigh t, the Kniekerpig iron p e r d a y ; rail mill* capacity 500 tons per d ay; bar m ill; pipe ; bocker Gaslight and the Harlem Gaslight. The to ta l' stock waa $39,plant, 3u tons per d a y; Iron m ines; and cash and convertible asset* of f 078,000, o f which $3,647,940 was reserv e*! tor working capital and for
$283j>71. A* to Colorado Coal At Iron Itovelomnent Co* see that com* s indebtedness o f old companies. (V, 46, p, 418, 537.)
P**if above.
$m
apidkatlon to
N. Y.
Stock Exchange with balance
C o n s o lid a t e d K a n s a s C it y N m e lt in g Sc K lef 1n in g , —I c o o r
sheet on Nov, 1, 1892, to V. 55, p. 1040.
j porfitml In 1887 under laws o f New York* and owns extensive works at
Sto c k .—T he authorized capital stock t« $2,000,000 of 8 per cent j Argentine, a suburb o f Kansas City, for smelting and refining lc>ad,
eumnlative prefetTefi stock and #11,000,000 m n e f t stock. Of the I silver and copper orea. Also has smelting works near E l Faso, Texas,
hotomox) $1,750-,000 remains to Um treasury.
s
i and L fid ffit e , Colormdo, in M exico it own* three valuable mining
^ n pretorred; In 1803, Feb., 4 per cent.
O
properties. An Increase o f stock from $2,000,000 to $2,500*000 waa
Boifim.—
-The consolidated company a*sum the bonds of the Colo* j m itfw riim l in. January, 1892, for addttinnal copper smelting and reflne<n
fmdo Coal St Iron, the Colorado rue! ami the Ibaaver Fuel Company, I lag works. Dividends from August 1, 1887, to February, Y892, both
and ha* executed a m n m lldatod mortgage for $0,000,000 covering it* |inclusive, at rate o f 10 per cent per dm mm in cash, and in X89212%
tntlre property, $4,24-4,1)00 tM
Uids teeitred by wkton were reserved e r cent also In stock to represent earnings spent in improvements; in
to retire the prior Jmnds at or before maturity. The annual stoking larch, 1893,1.0 per cent In stock. See full description o f property in
fund for th«. eonsola fa 2 cents per ton of coal and 5 cents per ton of ! applications to N* Y . Block Exchange in Y. 48, p. 69, and Y. 54, p. 370.
iron mined, the
being subjeet to call for mdauiptlon .from this SIn 1.892 net earnings were $244,000. Mr. N, m tlietlll, Viee-ITesidenL
sto.kln# fund Cbnt not otherwise) on any interest date at 105. The [ 20 Nassau Street, N. Y . City, V. 56* p. 403,
Iron € ® also aasumoit the Col. Coal A lr»>n Company's guaranty
5.
C
Co
V. 56,
® Colorado find St Iron tte fite m o t bonds for $7O ,C .)0. The Theo is s o ifd a tto nfrom a l.—Report tor 1892 waa In1891. p. 373.
*.
O K
gross receipts
mines, railroads, rents.
1892.
J
Grand Elver Coal
A
Coke
Co/a
bond* are not guaranteed, but
Ac.(Including value o f stock o f
a majority of the «®ipftny‘i stock Is owned by the Colorado Fuel A Iron. Net receipts ................................. coal on hand).$2,581,338 $2,42^994
.
$384,885
$354,217
EkfiSttSfO
S,--fu 1891 the companies In the consolidation prwlucod
The interest In 1892 took $116, 90O; balance, surplus, for dividends,
pm® of coal and eoko—
two thirds of the prodfiction of the
entire State.
$237,817. Baltimore A Ohio Bail road owns $3,810,600 stock.
This company guarantee# $1,0 60,000 bonds o f the Cumberland Sc
6 per cento} Pennsylvania r k .. whose stock it owns. Dividends since 1883: for
preferred stock* at $785,300, 1884 and 1885* 1: for 1886, Hi tor 1887, 1%; for 1888, 2M; from 1889
to Feb., 1893. Inclusive, 2 p. c. yearly. (Y. 54, p. 524; V. 56, p. 373.)
The plan of consolidation on basts of present
placed the yearly surplus over interest fon $'1 ,2 4 4 ,m m a t
and dtvideod*
cm
$2,009*660' o f 8
per m m
operations
applicable todlvldsid# on common,.
miutoy0B9.-John C. Osgood, Henry K. Wolootc liermi* Pntlivan,
.toi>n u Jerotne. Cliarfes H. Toll, Wliliam II. James, J, A. Kebler, of
Lein-cr; Fan!
Morton, of Chicago;
J-
J.
Berwind, f .
F. Meek,
U e la w a v e D iv is io n C a n a l.—BeeLkHXOS COAL & N a v io a t io n .
D e n v e r C it y C a b le ,—Owns an extensive system o f cable lines in
Frnp«t Thalmfittn, of New York; W. If. Orahaxn, of Fuebio. J. 0, Deover, Col., and has the exclusive right to operate horse railways a
Office, 18 Broadway. New York.-fV, 53. p. 257. that city till 1962, Mileage owned: Cable lines, 30 miles single track *
F* 2J«* 659, 643; V. 55, p. 22, 100,145, 177, 331.373, 039, horse ear lines. 10 mil*'* tingle track total owned and operated May
07$, 079, 894, 193$, 1640.
1, 1892* 46 miles.
Stock authorized, $3,000*0001 outstanding
tiaUiiwbo* A: M ocking fo a l Sc I r o n ( o m p a n y - Organised at $2,770*000; par $160. See application to N. V. Stock Exchange Y, 50,
j p. 487. (V* 54, p. 203.)
COiitmhus, 0.» January 26,1883, and owns large coal and iron proper
extontlfc work* thereon, in Ohio, a toll description of which
D e n v e r C it y W a t e r , —See Su p p le m e n t of Janua
1803
i
IN VECTORS’ SUPPLEMENT,
154
[V ol. L I
S u b s c r i b e r s w i l l c o n f e r a g r e a t f a T o r b y g i v i n g I m m e d i a t e n o t ic e o f a n y e r r o r d l s c o v e r e
In t b e s e T a b le s .
Bonds—Princi
INTEREST OR DIVIDENDS.
Date Size, or
pal, When Du©
Amount
Par
of
F o r exjdanatlon of column headings, Ac., see notice on
Outstanding Pate Per When Whore Payable, and by Stocks—Last
Cent. Payable
Bonds Value.
Whom.
first page of tables.
Dividend,
!
MISCELLANEOUS.
C o n s o lid a tio n C o a l o f M a r y la n d — Stock.....................
1 st mort., consolidated, convertible into stock at par. .c
D e n v e r V ila Cable— 1st mortgage, gold.................. -■ .c'&r
D e n v e r C ity W a ter— G e n e ra l!!, for $7,000,000 g o ld ....c*
D e n v e r C o n s o lid a te d Oas —Stock........................................ ,
1 st mortgage, gold (see rem arks)................................c*j
D e n v e r T ra m w a y — 1st mortgage, g o ld .. . ......................
Consol, mortgage, for $2,000,000, gold ....................c .Vr
Met. St. KR. C o.IstM , fo r$1,000,000($20,000 p.m.)g.gu.
D e tro it M a c k .it M a rq u e tte L a n d C o.— M. (inc.) red. at 100.r
D ia m o n d M a tc h .— Stock— Listed in February,1893...........
D is t illin g a C a ttle F e e d in g - Stock............... .......... ...........
E a s t R iv e r (la s — 1st M. for $2,000,000, g.,red. at 110...0*
E d is o n E le c tr ic I l l u m in a t in g o f l ir o o k lg n —Stock............ |
IstM . ($2,500,000),g.,sub.to call a tllO a ft.O c .l.1900 e*&r[
E d is o n E le c tr ic Il l u m in a t in g o f New Y o r k —S to ck ............
IstM ($5,000,000)g.,conv.,red.atll0aft.sept.l,1900.c*
E q u it a b le Oas L ig h t Co. o f N ew Y o r k —Stock......................
First mortgage........................................... - - ...................
Consolidated mortgage for $4,000,000, gold ..................
E r i e T e le g ra p h <t Teleph on e —Stock ($5,000,000)...............I
Collateral trust sink, fund gold bonds, not subi. to call. j
F o r t El. U n io n D epot (Detroit) 1st mortgage, gold ........o',
G e n e ra l E le c tr ic —Common sto c k ........................................
Preferred stock 7 per cent cum. (not pref. as to assets).
Debentures, gold, convertible........................................c
T. H. El. collat.trust, g., red., at 105 aft. July. 1899___ c
1872
1888
1890
1891
1888
1890
1891
1881
....
1892
....
1890
1890
1892
1893
1891
1892
1889
$100 $10,250,000
1,100,000
1,000
1,000
3,397,000
1,000
1,288,000
1,500,000
1,500,000
100 &c.
498,000
1,000
1,000
1,219,000
1,000
621,000
1,000
3,143,000
100
9,000,000
100 35,000,000
1,000
100
2,506,6b‘6
1,000
500,000
100
6,500,000
1,000
3,250,000
100
4,000,000
1,000
1,000,000
1,000
1,730,000
100
4,800,000
1,000
500,000
1,000
1,000,000
100
30,395,600
100
4,235,300
1,000 10,000,000
1.000
500.000
D e n v e r C o n s o lid a t e d G a s C o .—OrganizedNov. 16,1891, to take
over the old gas company in Denver, Col. Capital stock, $1,500,000.
Mortgage covers all the corporate property, which includes valuable real
estate in Denver. The bonds are subject to redemption at 105 and
interest in case of any sale of property under the mortgage. Quarterly
dividends of 1 p. ct. paid in April, July and October, 1892; in 1893,
January, 1; April, 1 per cent. Gross earnings in year 1892, $37.8,685;
net, $197,211; taxes, $8,100; interest, $90,000; balance, surplus,
$99,112; year ending Jan. 20, 1891, gross, $358,918; net, $180,755.
Hon. J. B. Grant, Denver. President.
D e n v e r T r a m w a y . — Owns 18 miles of cable road and 35 miles of
electric railway in the city o f Denver, CoL, and leases the Metropolitan
8t. RR. 26 miles, guaranteeing its bonds principal and interest. See
advt. of bonds Ch ro n icle Oct. 22,1892. Full abstract of the consol
idated mortgage was in Ch r o n ic l e , V. 52, p. 354. Denver Tramway
stock, $1,000,000; notes and accounts payable were $881,208.Sept. 30,
1892. From Jan. 1 to Sept. 30,1892, gross earnings of both companies
were $737,790 against $611,548 in 1891; net, $216,233 against
$142,566. Offloe, Denver, Col. (V. 52, p. 350, 352; V. 55, p. 1036.)
D e t r o i t M a c k i n a c dc M a r q u e t t e L a n d G r a n t B o n d s . — Owns
about 1,300,000 acres o f land in Northern Michigan, along the line of
the Detroit Mackinac & Marquette RR. Lands are free from taxation
ilL 1895. Of the total issue of $4,560,000 bonds, $1,417,000 had been
purchased and canceled prior to July 21,1892, at prices ranging from
29 to 3 9^ per cent. In October, 1892,2 per cent interest was paid at
Central Trust Co. V. 55, p. 589. James Mo Millan, Detroit, President.
—(V. 54, p. 33, 328; V. 55, p. 589.)
D e t r o i t U n i o n K R , D e p o t & S t a t i o n . — See Su p p l e m e n t of
January, 1893.
D ia m o n d
M a t c k . —O r g a n iz a t io n , e t c .— Organized in 1889
under laws of Illinois. Owns factories at Boston, Mass., Akron, O.,
8t. Louis, Mo., Detroit, Miek., eto., nine places in a l l ; also store prop
erties at Baltimore and Philadelphia, and saw mills at Ontonagon,
Mioh., with extensive pine stumpage tributary thereto.
Sto c k .—I ncrease from $7,500,000 to $9,000,000 was made in Maroh,
1893, to pay for new plant, eto.
D iv id e n d s .—In 1893, In Maroh, paid 2ie per cent.
A n n u a l R e p o r t .—F iscal year ends Dec. 31. Report for 1892 in V.
56, p. 245, showed net earnings, $1,050,979, against $802,816 in 1891.
The balance sheet o f the company Is given b elo w :
BALANCE SHEET DEC. 31, 1892.
Realest.,m achin’y,etc.$6,285,469
Bills &aocts.recelvable.
644,089
177,814
Cash..................
Matches,raw mat'l, eto.
949,314
Pine lands and lo gs ___ 1,273,746
Capital stock...... $7,500,000
Accounts payable........
80,101
Bills payable.......
22,000
Surplus Dec. 31, 1891..
677,351
Prodt for 1892.... 1,050,979
Total assets..............$9,330,432
Total liabilities.......... $9,330,432
D irectors .—O. C. Barber (President), J. Hopkins, W. H. Moore, G.
T. Smith, J. K. Robinson (Treasurer). Main offloe, 504 Pullman Build
Ing, Chicago. N ew Y ork office, 88 Hudson Street. (V. 56, p. 2 45, 403.)
D i s t i l l i n g fk C a t t le F e e d i n g . —This company, Incorporated un
der the laws o f the State of Illinois, owns distilleries as fo llo w s ; In
Illinois, 29 (of these 8 in Chicago and 14 in P eo ria ); Ohio, 16 (of these
8 in Cincinnati); Indiana, 11; Missouri, 7 ; Wisconsin, 2; Minnesota, 1;
Kentucky, 7; Nebraska, 2 ; Iowa, 1; New York, 2; California, 2; total
distilleries, A p ril 1.1892, 80. Also one alchohol works in Illinois and
3 in Iowa. Stock listed on N ew York Stock Exchange in September,
1890. In December, 1892, acquired three other distilleries. The re
duction o f dividends, the President said, put the company in a
position to make these purchases without the issuance o f new stock or
the creation of any bonds. See V. 55, p. 856, 1035.
D iv id e n d s .—Dividends, previously % per cent monthly, were in June,
1890, increased to >4 per cent monthly, In October to % per cent, In
November to ^ per c en t; the dividends from December, 1890, to July,
1891, Inclusive, being at that rate; dividends then changed to quar
terly, and in October paid U s per cent and January, 1892, l>a per
cent; iu April, 1 per cent, and in July, *a o f 1 per cent, on account of
threatened legal proceedings; in Oct. h n( 1 per cen t; in 1893 Janu
ary, lia per cent. Dividends were temporarily suspended in January.
1893—see below, no dividend being paid in April.
G e n e r a l F in an c es .—I 11 January, 1893, Congress having failed to
pass the lull taxing spirits, the company’s stock fell in price from 663a
to 34, and at the directors' meeting o f January 28 the Treasurer is re
ported to have said that there was uo cash iu the treasury, and that the
company owed about $700,000, besides having used up the rebate
fuud, the warrants against which aro held by the customers o f the
company, aud which fund amounts to between $1,500,00) and $1,800 000. Iu these circumstances the directors resolved that no dividend's
be declared or paid until the floating debt be extinguished and the re
bate fimd made good. See lull particulars V. 56, p. 205.
A n n u a l R epo rt .—Fiscal year ends Maroh 31. Report for 1891-92
iu Y. 54, p. 682, shows as follow s:
Cush assets Apr. 1, ’91. .$2,069,079 Dividends paid.............$1,890,698
Earn, from op. plants.. 2,466,086 Expenses paid.............
442,306
Earn, from contracts...
137,415 Cash assets Apr. 1, ’92. 2,395,822
Earn, from rentals.......
5,577
Earn, from in terest___
50,668 „ Total..........................$4,728,827
Cash assets Apr. 1 , ’92. 2,395,822
Total receipts ’91-92..$4,728,827 Cash assets Apr. 1, ’91. 2,069,079
Sur. earn, for the year.
$326,743
See text.
6
6 g.
b g.
See text.
6 g.
6 g.
6 g.
« g7
See text.
See text.
5 g.
See text.
5 g.
See text.
5 g.
See text.
6
5 g.
4 per an.
6 g4 V?.
Ree text.
7 per an.
5 g5 g.
N.Y.,Co.’ sOf.,71 B’ way.
J. & J.
do
do
j . & .j . N. Y., Taiutor & Holt.
M. & N. In default - See text.
Q .-J . N.Y..Maitland, P. & Co.
J. & J. N. Y.,Atlantic Trust Co.
J. & J.
Denver.
J. & J.
New Y ork City.
J. & .1
.
do
A. & O.
See text.
Q .-M .
Q.—J.
Peoria, III.
J. & J.
New York.
Q .-J.
Brooklyn.
A. & O.
do
Q .-F . N.Y., Of.Pearl cor. Elm.
M. & S. N.Y.,Guar. A Indem.Co.
Q .-J . N. Y.„Office, 340 3d A t .
F. & A. N. Y., Central Trust Co.
M. & S. N. Y., Central Trust Co.
Q .-F . Co.’s Of., Lowell, Mass.
J. & J. Bost. SafeDep. &Tr. Co.
J. & J. N. Y. Central Trust Co.
Q .-F . Cos.Of.,N.Y. & Boston.
J. & J.
do
do
J. & D. N.Y.,Gu.&Ind.Tr.&Bos.
J. & J. N.Y., Holland Trust Co.
Jan. 1, 1897
Jan. 1, 1908
N ot . 1, l o i o
Apr. 1, 1893
N ot . 16,1911
July 1, 1908
Jan. 1, 1910
Jan. 1, 1911
Oct. 1, 1911
Mch 13,1893
July 1, 1942
Mch. 18, 1893
Oct. 1. 1940
Feb. 1, 1893
Men. 1, 1910
Jan. 16, 1893
Aug. 1, 1899
Mar. 1, 1932
Feb. 13,1893
Jau. 1, 1903
Jan. 1, 1941
Feb. 1 , 1893
Jan. 1, 1893
June 1, 1922
July 1, 1919
The follow in g is a comparative statement of sales of the company's
product, covering the last four fiscal years, viz.:
Sales for fiscal year.
Gallons.
Sales for fiscal year.
Gallons.
1888 89........................ 35,867,211 189091................ 44,738,171
1889-90........................ 40,832,220 189192................ 45,661,717
D irectors an d Offic e r s .—Directors are for one year, William N.
Hobart, Lewis H. Greene, Herbert L. Terrell; two years, J. B. Greenhut, W. H. Corning, Frank Curtiss; three years, P. J. Heuuessy, Nelson
Morris. Julius E. French. President, J. B. Greenkut; Treasurer, Wm.
N. Hobart; Secretary, P. J. Hennessy. Office, Peoria. 11L—(V. 53, p.
21; V. 54, p. 682; V. 55, p. 856, 1035; V. 56, p. 205, 463.)
E a s t K i v e r G a s . — W ill supply gas in N. Y. City through tunnel
from L. I. City; mnnel under contract to be completed A p ril 15, 1893.
Stock $1,000,000. Emerson McMilliu, President. Office, 40 W all St..
N. Y.
E d is o n E l e c t r i c I llu m in a t in g ; o f B r o o k l y n . —Stock and
bonds listed on N. Y. Exchange in September, 1892. wee adv. C hron
ic l e o f March 12,1892. St o c k increased from $1,500,0< 0 to $2,500,000 in March, 1893. D iv id e n d s —From June, 1891, to Nov., 1892,4
p. c. per annum: in 1893, Jan., llj. p. c.; Apr., 1 ^ p. c. quarterly.
Mortgag e—
Trustee Frankliu Trust Co. E arnings —In year 1892
gross, $231,001; net, $127,153; other income, $38,445; taxes, fixed
charges, etc., $64,317; balance, surplus, $101,281. In year 1891 net,
$59,232. Of f ic e —Brooklyn.—(V. 55, p. 551.)
E d is o n E le c t r ic I l l u m i n a t i n g C o . o f N e w Y o r k . —Listed
on N ew York Stock Exchange May, 1889. See in V. 50, p. 906.
Sto c k .—In May, 1892, an increase to $6,500,000 was authorized, the
final $400,000 of this having been issued m January, 1893, An
increase to $10,000,000 to provide for conversion of bonds as necessary
and for other purposes is to be voted upon on March 30, 1893. S^e V.
56, p. 463.
D iv id e n d s .—From 1885 to 1891, both inclusive, 4 per cent per annum;
in 1892,Feb., I V May, I V Aug., I V Nov., I V 1893, February, l 1
*
p. c. Directors advise increase to 1^2 p. c. quarterly hereafter, Lu 1887
an extra dividend of 7 p. c. and in 1891 of 5 p. c. was paid in scrip.
B onds .—rn 1892 $850,000 5 per cents were issued aud in Jan., 1893,
$150,000. M ortgage trustee is the Franklin Trust Company. By their
terms these bonds are convertible into stock on the 21st days of Janu
ary and July, up to and including tin* year 1895, on ninety days’ previ
ous notice. A fte r 75 per cent o f the outstanding bonds shall have
been converted, the company can require the ton version o f the
remaining bonds, or pay them off at 110, the who.e issue being redeem
able at same rate after September 1,1900. See Y. 56, p. 463.
E ar n in g s .—From January 1 to January 31, 1893 (1 month), gross.
$120,230, against $87,704; net, $66,200, against $46,767; accrued
interest, $13,208, against $9,375.
A n n u a l R e po r t .—Year ends Deo. 31. For 1892 fu ll statement was
in V. 56, p. 125. showing gross earnings $942,575; net applicable to
interest and dividends $175,137, against $347,229 in 1891. Spencer
Trask, President. General Office, Pearl St., corner Elm St.—(V. 54, p.
202, 366, 469, 1,048 ; V. 55, p. 256, 639, 723 ; V. 56, p. 125, 165, 463.)
E d i s o n G e n e r a l E l e c t r i c . —See the G e n e r a l E le c tr ic Co .
E q u i t a b l e G a s U i g l i t . — See S u p p le m e n t o f January, 1893.
E r i e T e l e g r a p h & T e le p h o n e C o .—This company owns 65 per
cent of the Cleveland Telephone Co.. 70 per cent of the Northwestern
Telephone Exchange Co., and 70 per cent o f the Southwestern Tele
graph & Telephone Co., operating in the States o f Ohio, Minnesota,
North and South Dakota, Texas and Arkansas, under licenses from
American Bell Telephone Co. On Jan. 1,1893, these had 15,070 sub
scribers.
Dividends have been—In 1883 (6 months) 1H per cent; in 1884, 2hs;
1885, is; 1886, 2 V 1887, 2 V , 1888, 4; 1889, 3%; 1890,4; in 1891.
4; in 1892, 4; in 1893, Feb., 1 per cent. Transfer office, Lowell, Mass.
For the year ending March 31,1892, the three companies controlled
report gross income of $866,334, (against $791,067 iu 1890-91); gross
expenses, including: dividends paid, $838,853; surplus, $27,481. For
the same period the proportion of dividends received from these com
panies by the Erie Tel. & Tel. Co. was $215,35 7; dividends paid by
the Erie Tel. & Tel. Co. (4 per cent) $192,000; surplus, $23,357; ex
pense account, $8,128; net surplus, $15,228. Office, Boston.
F o r t S tre e t U n io n D e p o t (D e t r o it . )—Owns depot property at
Detroit, M idi., which is leased in perpetuity to the Wabash, the Flint
& Pere Marquette, the Detroit Lansiug & Northern, aud the Canadian
Pacific. The lease provides for the payment of a net rent which shall
be equivalent to all the annual charges aud 5 per cent per annum upon
the total cost of all the property, to be paid by the lessees in monthly
Instalments. Capital stock, full paid, $1,000,000; par $100.
G e n e r a l E le c t r ic C o m p a n y .—O r g a n iz a t io n .—Organized under
the laws o f New York, Ap ril 15,1892, for the purpose of manufacturing,
using and selling all kinds o f electrical and other apparatus, with
power to acquire, hold and deal iu the stocks and securities of other
electrical corporations, and to carry on a general manufacturing busi
ness. It has acquired practically all of the capital stocks of the Edison
General Electric, the Thomson Houston Electric and the ThomsonHouston International Electric companies, but the separate organiza
tion o f these corporations is retained for the present.
Ca p i t a l Sto c k .—The total authorized capital stock is $50,000,000.
of which $10,000,000 may be pref. 7 per ceut cumulative, without
preference as to principal. In November, 1892, there was reserved
for stock o f the absorbed companies unevchanged common. $64,400,
and preferred, $16,700, leaving unissued and in the treasury of th©
company stock o f the issue authorized to the amount of $15,288,000.f
M
arch, 1 S ]
83
MISCELLANEOUS
STOCKS
AND
BONDS,
1 5 5
S u b sc rib e r* t r i l l c o n fe r a g re a t fa v o r by g iv in g im m e d ia te n o tie e o f a n y e r r o r d is c o v e re d I n th e s e T a b le s .
B o n d s —Prlnel
INTEREST OR DIVIDENDS.
MISCELLANEOUS________ Date ;Size, or
pal,When Due.
Amount
For eiptanatton of column headings, Ac., see notes on of ! Par Outstanding Rate Per When Where Payable, and by S tock s —Last
Bonds, Value.
Cent. Payable
Whom.
Dividend.
first page of tables.
G old df S tork Tel.— Stock.rentalguar.6p.e,99yir8.W.U.Tel..
Bond*, not mortgage......... ..................................... e
B e n d m o n B r id g e Co.—1st M„ gold, drawn at 105...... c*
B e r n n g H a l l ■ a r t i n — C o m m on stock.............. .
V
$100
500
1881
1,000
100
100
Preferred stork 8 per cent cumulative.......................
100
itteei—Stock..
........
............. .
Debenture*, snbj’t to'eallat 105. convertible into st'k.c" 1800 i 1,000
Non convertible debenture* for $7.000.000.......... ...... 3893
I n t e r i o r C o n d u it —Stock authorized. $50.000,000...........
l n t e m a r i 'M o a n T eleg ra p h — Stock,ep.c.99yrs.,W.Ciilon
I r o n St ra w tent i C o m p n n u —Stock................ ...........
1st mortgage for $500.000...... ................................. j 1881
t o o l e d * O u t l i g h t —S t o c k ($2,500,000 is pref.o p.c.cum.). .c
l*t mortgage. gold................................................ c 1889
L e h ig h t o o t A S a ria ttH im —Stock......................... .
1stM.. canal, 6,030acres c«aland76m. L 4 B . RR----r 1861
1st mort., Lch. ASua. RR.Manih Chunk to Easton..... r 1867
2d SI. Can. Coal A RE. and 1rt M. Nant. R K gold...... c* 1867
Cons. 3d M Canal, Coal A 122 m. EK.; 2d M. 26 in. RR. 1871
.
General mortgage lor$45,000,000.gold. ............. r, 1881
Delaware Dlv. Canal let M.. lot. guar. texfdin 1878). o 1858
l e h i g h t t W U k tt f t r * Cool -Leb.Coa!Ss Nav.M.e.,asaunted 1867
Lehigh Coal A Navigsrtionmort.eon vert, gold,assumed .: 1809
Sterling loan.slokltigfnnd, drawn at 100..................c. 1874
Consol, mort. ($0,116,000 Income held by Cent. N. J.t c 1875
Sundry real estate mortgage*............. ................... e
;
To
o
100
100
500
100
,100 Ac.
50
Various
■Various
500 Ac.
I 1.000
! 1,000
; i.ooo
!o00 Ac.
500 Ac.
£200
1,000
$5,000,000 6 per an. Q.-J. N. Y., West. Union TeL
M, A N,
6
500.000
do
do
1,810,000
6 e- M. A 8. N. Y., 120 Broadway.
1.500.000
1.800.000 8 per an Q .-M .
N. Y „ by check.
18,650,635 Sec text.
N.Y.,MetropolitauTr.Co
j .’ a ’ j . N. Y., C., Morgan A Co.
5
6,200,000
See text.
Semi-an
5
N. Y. City.
1.250.000
3.000.
000 an. Q .-J. N. Y „ West. Union Tel.
6 per
2.000.
000 text.
Bee
N. Y „ Pier 1, North Riv.
443.000
6
J / A J . N. Y „ First Nat. Bank.
10,000,000 See text.
N. Y.jH.B.Hollinss SttLv
5 g. 4 - f . N.Y..H.B. Hollins: St. L.
10,000.000
14,366,650 See text. M A N. Philadelphia, Office,
.
5.000.
000
do
do
F.
2.000.000
do
do
J.' A D.
1,842,500
do
do
2.466.000
do
do
7 S' J. A I).
3.656.000
do
do
4*ag. Q-—F.
J. A J. Pldla., 226 So. Third St.
8
494.000
.
500.000
fi s J. A r> Philu., L.Coal A Nnv.Oo.
- M. A 8.
049,500
do
do
986.000
M. A N. New York and London,
11,500,000
Q.-M.
do
do
7
205,6-16
New York.
6
r
£
: l g-
April, 1898
May 1, 1895
Sept. 1, 1931
New.
Mch.10, 1893
Ajtr. 1, 1893
Jan. 1, 1910
Apr. 1, 1913
Apr., 1893
Oct., 1892
July 1, 1901
Mcli.15, 189S
May 1. 1919
Nov. 25,3892
July 1, 1914
Feb. 1, 1897
Dec. 15, 1*97
June 1, 1911
May 1, 1924
July 1, 1898
Dec. 15, 1897
Sept. 1, 1894
May 1, 1899
June 1, 1900
J»«* it.K.vp*.—The General Electric on common stock paid In August, per cent stock; for 1301 none; in 1893, March, $13 51 in scrip, and in
April 5 per cert in cash.
1802, 2 percent; November, 2; in 1893, February, 2 per cent.
A VMM i. R eport. —
Annual report for 1892 in V. 56, p.287, showed
Price or Sto c k —General Electric common stock.—In 1892,104V *
net carnlnss from May 2, 1889, to Dec. 31, 1892, of $6,117,882, of
1197 In 1893. to Mar>’h 17 Inclusive, »8 A 114*4.
®;
Which $2,010,268 from operation* ot year 1892; dividends for year*
S t a t e m e n t ro N. Y. Stock E xchaU
CF..— he elaborate statement to
T
the N,Y. Stock Exchange,.dated May 31,1892, with balance sheets, 1889 and 1890 (7 p e. In cash and 5 la Stock). $2,129,318; aerip diridr ml Maivh, 1893, #2,510.701; e.iah dividend April. 1303, $931,532;
* 4 , wax to V. 54, jt, 1080, and,to this reference ahotdd be made,
balance undivided surplus Dee. 31, 1892. $536,331. In 1892 com
Tb«-c debenture* are ail convertible into stock at the rate pany received 3,601,004 t«.n» of raw material and shipped 784.733
of #100 in stock for #120 in bond*. (See V. 55, p. 1*6.1 A* to the ton, of finished product The total number of oars of material handled
Thomson Uotutan collateral trust bond*, see Sui i i i-utST for Junitary, was 113.534, and wage, and salaries were $6,532,352, Average num
1893.
ber of uieij employed per day 8,20s. Ba auec sheet Is as follows;
B ta o r OcNKBAt Et.KCTKlc.—Thi* eompKny o n May 1,1892, owned;
COSTlItSSlO Ba LAKCE SHEET nECEXlll.lt 31, 1892.
i Cap. «toek outstand’ g $18,650,635 Real estate, eqnipm't,
1 t> r. d*b. bond*
S .
etc., Jon. l , 1893....$18,184,816
MaUu lal», Ae.,on hand. 10,213,391
(8) tolls ri-rvivs;.;,-, * Oj.pl U ,, ,8 r... * 1I ,, * H..8; !. iMito-l a UP'I! a i r«M <, Hills payable............
>8
Cash on hand. ......... 1,011,830
and account* par able or #6,554,353. mortgage* on real estate of *205. ; Aeeountspayahle, etc.
Hill* n-cptvahlo........
824,915
OWh dlv Weadsunpaidof #301,606, and dt-prcclaUunac-'Ottnt of $686,033. ’ Reserve fo n d .............
Account* receivable.. S.264,727
The Edison Electric Light to., eoutrrdjcd by the l.tU-m Gen. Electric, lbv. M «r lOAAp,2,*63
* I'ndivided snrplos.,..
Securities, etc ......... 3,353,142
tzwne all the Edison patents for Incandescent electric lighting in North
and tsmtth America. It grant* exclusive license- for specified territory
Total liabilities ....$30,865,920
Total asset*.............$30,885,980
to local eompaole*, an< n o r m stock* ami bonds acquired therefor.
1
Treasurer’s office. Rookery Building, Cldcogo. (V. 56, p. 287, 402,
Report for the year ending Oct. 31,1891, showed » « « * corotmre, not
419.)
tStrtbdlng tho-e of the Edison Electric Light Co., of $10,942,640; net.
$1.74ii,.'>49; amount charged off on various account*. # •’>*,070; net
.'■
result, #1,191,479; surplus from prr reding year, $1,100,132; total
I n t e r io r < o m l » t « . —Bee 8ci'ri,KUKST o f January, 1893.
Iro n steam boat Company.—f*c« SOi t i kukst of Sept, 1892.
avails bis tor dividend*. $2,291,912; dividends paid $1,031,845. In
L a c le d e tens 1 .1 «l,t.—This St Loul* company was tentoporated In*
addition to the above earuf ugs the Edison Kteetric Light Go. received
b> 1600*91, as license fees, $631,072 ta slock mid bond*, estimated to 1857; lu 18H9 it cumc into control o f all the other gas companies In 81.
lg )«l». through ownership o f their mwurities. The towlcdu's onatraot
he worth $300,600, of which the General Electric share would be
with the city o f Ft. ls>ut», running to in to , penult* It to charge eon
about $485,000.
»umer* $123 per 1000 cubic feet. Tin-city sought to annul this oon
TMMaox-MopaTow Ei Kcrgie.—
This is » Connecticut corpora tract, but it was sustained In the court*. Pitt.rr.KKitt) S tock |« Sjict cent
tion engaged at Lynn, Mass., in the manufacture »f electrie lamps, cumulative, »n*i in May, 1892. there was 11 'a p* r cent of loctuuulatod
dynamo*, outfit* for electric railway*, etc. On January 1. 1892, there dividends unpaid. DiviugM ** on prefer. * d h iv e been.. in 1802, Murali,
ere 204 railway companies using ft* motor system, while 100,293 of «#; June, l **: ftept. t 1 Dec., l '-a In 1803. March. 1*4 p. c. Central
*;
;
>are light* and over 800,000 of it* Incandescent light* were In use by Trust Co. I* trustee under the mortgage. Sec application to Stock Kx
. rat companies.
change In V. 49, p. 657.
Floating debt Feb. 1 ,1802,82^16,300; stock, $10,000,000; surplus,
AritCAJ. R * r o « T ,—Statement for 1892 in V. 56, p. 126, showed net
$7,546,049; guarantee account, etc., $201,200; asset*. §20,2(13,448.
Floral year end# February !, Annual report for i 891 -9 2 , with bsl- canting* front gas $659,195: net from ( ’urondelet. etc., $38,895; total,
$69M,t)tM>, «g *!u t 8582,460 In 1891 and #313,749 in 1890; interest oh
sheet, w»» published at length in V. 54, p, 641. in 1891-92 the
bBslBCa* o t the Boston office amounted to #10,304,580, against Jbond*. #300,000. In 1892 the sales of gits to private eoMumer* (the
#10,217.041 it. 1990*01, The profit* applicable to dividend# In 1891 j contract with the city haring expired) were 929,011,400 eu ld cfcct,
92 were $2,760,780; dividend* paid, r 1.230,366; balance carried to SKidust 831,110,200 in to il! and 726.570,200 In 1890. New York
Office.40 Wall htreet,—(V. 52, p. 321, 498, 718,899.939; V. 36, 120.V
account, #1.524,414,
The Thomson Houston International Electric Company conducts the
1export business of the Thomson Houston Electric Co.
oustoa Efe
Agnesi.K o n g o I# held on second Tuesday In April.
DBtKcroE* of tlx* General Electric for the year 1892-63; II. McK.
Twotsbiy* Chgfrttotn of tie Board; F. L, h im :*. C . II. Coster, C. A.
Baffin,T. Jefferaou f’ooildge, Jr., T A. Edison, F. 8. Hasting.*, 1 . L.
1
Uiggin-oD, Eugene firltlln, D. (). Mills, J. Plerpont Morgan.
L a h l g l i C o a l A N a v ig a t io n . —Owns Citnal from Coalport to Kits
ton, Penn., 48 mile*, and teases Delaware Division Canal. 00 miles.
Also own* Isihigh A 8n*rjnchanna Railroad, Philllp«lmrg, N. J., to Union
J unction, pa., 103 miles, withbranches, 56 miles, and leases for ! Mid
year* Nc-jpii .inning Valley Railroad, 17 m iles; Trcseow Railroad, 7
’
mile*; other lines. 17mile*; total, 202 mites; lmt all these road* lire leased
for 099 year* from 1871 to Central o f New Jersey RR., rental hetllg
33*a per cent o f gross earning#, with a minimum rental o f $1.411. too.
officers.—RrrMder.t, C. A. Cufiib: Treasurer, A. 8. it*-vo; 8c**rclary,
Bushs.—
'The Cent. RR.. of
eqnlpE. L Garfield. New York; office Edison Building, Brand 8t_—(V. 54, p. menti $2,340,000 o f the goldNew Jer-ey assumed fin purahaseofWflkeeloan due 1897, and the Lehigh A
119, 242. 286. 297, 32*. 443, 597, 683. 701, 800, 845, 1047. 1050; barre Coal Oeuiiutny mummed $500,000 of the gold loan due 1897 and
V. 55, p. 146, 590. 1079, I I I 1: V. 56, p. 206.)
$649^500 (all) o f the convertible gold loan duo 1894, additional to1884
t i a l d A ktoe.k T e l e g r a p h C « e —Operated by Western Union amounts in table above. The general mortgage of , , . ,(trustee, Fldcl,
,,
, -.
,
T, legTnpti Company In . .mlra'-t for 99 y-ar* from January 1, 1892. at
6 per cent per annum on stock and bond*.
1
ll e o d e r s o n K r id g e Co,—
-Flock i* #1.000,000 (par, #100), of
which the Loulsvll'c A Nashville Co. bold* $501,000: the Bridge Co.
laguaranteedgras* receipt* of #200,000 per year by tin- several roads
using It and dividend* of fit* per cent are paid each r', A A.
Me r r l s g s l l a l b l i a r v l n C o m p a n y .-O n -, .vNKAWOJt, PKori rrrr,
ETC.—
OTganliol In May, 1802, to take over and carry on the business
of msimfarinriti* fire and burglar proof *afe» and vaults, which
formerly belonged to the Herring. Hall. Marvin, etc., companies.
Total asset* thus obtained were put at #2,003,071-ineludlng machinery,
pattern*, etc., $668,661 ; real estate nod leasehold Intcrcs 1-. $116,751;
balance, materials, MBs receivable, stock on hand. etc. Sec adv, in
CRM*ice* of Mu - 1.4,180S.
k.
pTcff T-, •: ] , l e i f' r, tin 1-1 i.-ret- a* wi ll as liiro m ".
Cnm-
tnon I* “ enlltled to the surplus earning*, when declared In dividends,
after the payim-H* of # per cent on the MUferrciL” No bond or mort
tty Insurance ( on,pany rd Philadelphia! cover* s.ibjee to Prior bands,
" '.<•460(stores coal land, 4 8 mj!e* r«n * l and 161 miles railroad, estimated
i in 4884 as together wort h $25,278,000; bond* are reserved to retire all
, prior issue* hot assumed by other eotnitanles. Becuritles owned by ooro( p osy are put in balance sheet a* equal to $3,978,962. BUI* payable
Jan, 1,1893, were $230,000; Central of N. J. loan account, 3101,880-,
! ground rents, mortgages, etc., $370,155,
: D ivrn E xits.-In 1881,2 percent; In 1882,4; to 1883,5%; tn 1884.
S6; In 1885,514; lu 1886, i h \ lit 1887,4 ; In 1888.41s; In 1889,5; tn
1890, June, 2>a; December. 2
In 1891, Jtoy, 2>s; November, 2 % In
! 1892, May, 2>y per eent; November, 3.
A VM At. R k i -o r t .—Report for 1892 w.a* In CttEOXICI.E, V. 56, p. 330
T ea r e n d in g Dee. 3\.
1890.
1891.
1893
From railroads and Nesqtte. Tsinttf-l $1,766,174 $1,835,754 $1,745,474
45,518
3h.UU
31,344
Canals................
Net profit on Lehigh Goal.................
148,040
158,837
343.077
Royalty on cool mined. &c................
105,308
00,808
104,817
gage ran in- created without consent of 90 per eent of prefer; • I
Total receipts...............................$2,063,040
DlVItot*be on preferred: in 1892, December. 2 per cent -jiiartcrly : Interest, rentals, tares, *<•................. $1,140,121 $2,120,560 $2,224,711
$1,147,223 #1,230,067
vi *3*.- Tit ;nI net profits of the consolldfttcd companies averaged l.es* sink. M. of 10 p.r. p. ton on coal.
90,150
96,790
90,857
|~f0,J20 In the three year* eiidlug tn 1891; net pro fits lu 181H, I Less depree’ u on ct>»liuiprav,nt't*,*c.,
107,533
100,680
50,058
It-h
IhSKTORs.-Edward C. Halt, President; John Panel. Willis B, Mar i Burplti* tor year.................
Tin Frank O. Herring, Wright D. PowuuB. Richard T. Pullen. WflUam Balance to credit of diVd fund Jam 1
Hall, all the foregoing baring been mctribcr* of the old companies;
Ri-;Mf<l nymonp. Joseph Ra-s son. Jr., and WiUi.iU! 8. Rowe. Cinciusati; John H. Davis, New York. Transfer office, 71 Broadway,
Illin o is steel,—’
ssiciTtos-Formcd May 1, 1899, by consol
idation of the Joliet Steel, Union Steel atol North Chicago KolHnc Mill
S'-e f«H statement to ft. Y. Stock Exchatige In March,
1893, lu Y, 56, p. 419.
s
>
>
BiCrimties.—in PciiTtiary, 1893, #7,000,000 non . orivertSMe deben
ture* were created for new mill*, etc. Bee V. 56, p. 2«9.
r»tvn>esta,—For I'Hkfi, 4 per cent; for 1890,3 percent Id cosh, 5
Bf
$718,445
803.513
$784,867. $844,729
897,274.
960,991
T otal..............................................$1,611,758 $1,682,141 #1,811,7*0
Dividends.............................................(5)714,484 (5)715,150(5*3)780065
Balance to credit Of dlv. fund Dec.. 31, $897,274 $000,091 $1,022,655
—IV. 50, p. 274 : V. 52, p 320 ; Y. 54, p, 30 1 330.1
L e t t is h A- l v i l k e s b a r r e C o a l.—This company. controBod by
the t ‘cntral RR. o f New Jersey through ownership o f $6,000,000 o f tbestock. owns 21,000 acres of anthracite coal lands and holds 3,000.
additional acre* under lease. It operates thirteen collieries and leases
about 4,000 aerc» 0f Ik* coal lands to various individuals, wlio operate.
15S
INVESTORS’
SUPPLEMENT.
[VOL. LY I.
S u b s c rib e rs w ill c o n fe r a a r e a t fa v o r b y g iv in g I m m e d ia te n o tic e o f a n y e r r o r d ls c o v e re d iln th e s e T a b le s .
MISCELLANEOUS-__________________ { Dat0
For explanation of column headings, &c., see notes on
of
flrst page of tables.
j Bonds
Lehigh(6W C (Oon.)— of 1912, ouin.s.f.(not dr.) .c 1888
il. oal—
5s
Inoome “ B ’’ bonds,not cumulative, held by Cent. N. J ..........
Long Island Traction— ...................................................
Stock
Lm
nsville W a C —Stock part prof. (See text)........ . ....
w y o.
B d —Prlnol
on s
INTEREST OR DIVIDENDS.
Size, or
pal. When Due.
Amount
Par
Rate Per When Where Payable, and by S
tock —Last
s
Value. Outstanding Cent.
Payable
Whom.
Dividend.
$1,000
100
100
Bonds of old co’s (of which $1,000,000 payable in gold) '64-88
1,000
Louisville Ky. consol, uiort. for $6,000,000, gold...... c*j 1890
1,000
M
adison Square G rd — mortgage, gold..----------<•'*■ 1889 500 &c.
a en 1st
M B ch H d Land—Gen. M. for $1,500,000 gold.c*; 1890
an, ea otel
100
M
aryland C l—Stock (see text)................................... * —
oa
1,000
1st M., drawn at 100 (s. f. has retired $164,000) — . -c ....
500
M ellLd. G Pr’rlienM.g.,red. at 100 (or 110 at raat.)o 1888
axw
r.—
£100
Inoome M. (£987,100 pledged under prior lien M .)...... 1880
100
M
etropolitan Traction—
Stock, $30,000,000 authorized... - - -M
etropolitanTel.d:Teleg. C 1stM.,gold, s.f. (notdr’n),c<&ri 1888 1,000
o.—
100
M
exicanTelegra —
ph Stock......................... . . .---------100
M
ichigan d Peninsular Oar-Common stock $3,000,000. | ---100
Preferred as to assets and dividends (8 p. c. gold, cum.) —
1,000
1st mortgage, gold................................................... c* 1892
100
M
innesota Iron G —Stock............................................ .....
o.
Morris C
anal— ee L ehigh V a l l e y R a ilr o ad —
S
100
National C a Common stock (see text)................... , .....
ord ge—
100
Preferred, 8 per cent, cumulative (see text)................. .....
Security Corporation bonds and notes—
|
Peering & Co. mortgage notes................................... 1891
1,000
Boston Cordage Co. 1st M. notes, gold guar. Nat. Cord. 1891
Various other 1st mortgages..................................... 1891
Sec*. Cor.lstoons.M.,g.,$6,000,000 (int.paid as rental).c_1891_ 1,000
oollieries thereon. The Central N. J. owns $6,116,000 of the consoli
dated mortgage bonds, which receive interest if earned, and $2,353,000
of the income bonds. Stock is $9,212,500 (par, $50); past due coupons
•of oonsols held by Central New Jersey, $3,630,107. A sinking fund for
bonds due 1912 is provided from sales of surface lands and from pay
ment of 10 cents for each ton of coal mined on property included in the
-flrst lien; no drawings. Only $54,000 of the company’s obligation are
guaranteed by the Central RR. of New Jersey.
The annual report for 1891 was in V. 54, p. 405, and showed total
receipts of $9,449,683; net over operating expenses and taxes, $1,015,282 (agst. $827,913 in 1890); interest and sinking fund charges,
$9S9,638; balance, surplus, $25,644. Included in operating expenses
In 1S90 was $116,191 for disasters at collieries. (V. 54, p. 405, 683;
V. 56, p, 42.)
L o n g I s la n d T r a c t io n .—Formed in December, 1892, to lease
through the medium of the Brooklyn Heights RR. [whose stock it owns]
•the Brooklyn City R*R., whose lines aggregate 84 miles of main track,
-and are being equipped with trolley. The lessee guarantees 10 per
cent on $12,000,000 Brooklyn City stock and is to pay all fixed charges,
etc. The Brooklyn City stockholders were given the option of sub
scribing to $27,000,000 of the Traction Company’s stock at 15. See
Brooklyn City among street railroads at back of this S u p p l e m e n t and
annual report for 1891-92 in V. 55, p. 214 ; also particulars as to lease
in V. 56, p. 42, 288.
L o u is v i lle R a i l w a y C o.—This company under a charter, which
has been extended indefinitely by the Legislature of Kentucky, has ac
quired by purchase all the railways, properties and franchises of the
several companies operating street railways in the city of Louisville
and its suburbs. The franchises so acquired are perpetual, except the
franchise of the Louisville City Ry. Co., which runs for 99 years from
A pril3,1886. The lines operated in 1891 and 1892 aggregated 112 miles
of double and 21 miles of single track, of which 47 miles of double and 3
miles of single track by electricity; the remainder by mules. The real
©state of the company is valued at $750,000. To equip remainder of
system witli electricity, it was estimated in February, 1893, would
tcost $1,200,000, of which $315,000 was available.
St o c k , E t c .—After April 1,1893, common stock will be $4,000,000;
preferred, $2,000,000. The consolidated mortgage bonds were listed
•on the N. Y. Exchange in June, 1892. D ivid e n d s .—On preferred in
1892 5 per cent. E a r n i n g s .—For year 1892 total gross earnings were
$1,270,827; net over operating expenses and taxes, $481,378 ; interest,
$314,036; balance, surplus, $167,342. In 1891, gross, $1,188,822.
J. B. Speed, President.
M a d is o n S q u a re G a r d e n .—Owns m fee the block of land in New
York City bounded by Madison and Fourth avenues and 26th and 27th
streets, together with building thereon, containing theatre, amphi
theatre, etc. Stock, $2,000,000; (par, $100), is deposited in trust for
five years with J. Pierpont Morgan, Charles Lanier and three as
sociates. There is a second mortgage for $750,000.
M a n h a t t a n R e a c h H o t e l & L a n d .—See S u p p l e m e n t of Sep
tember, 1892.
M a r y la n d C o a l C o.—Controls 6,000 acres of land in Alleghany
and Garrett counties, Md. In 1892 produced 286,213 tons of coal,
-against 406,464 in 1891. Net earnings in 1892 over expenses and
taxes were $96,948; dividends (2*4 per cent) $94,500. A readjustment
•of stock has been agreed upon, and till June 15, 1893, stockholders
can exchange their $4,200,000 stock for $2,000,000 preferred. This
preferred stock will be entitled to 10 per cent if earned, and upon it
the company proposes to pay for the present 5 per cent per annum.
See full particulars V. 56, p. 246. Dividends: In 1890, l 1 per cent; in
^
1891, July, 1 per cent; in 1892, Jan., 1*4 per cent; July, 1 per cent;
in 1893, Jan., 14* per ct.—(V. 54, p. 364; V. 56, p. 127, 245, 246.)
M a x w e l l L a n d G r a n t C o m p a n y .—Owns 1,714,764 acres in
Colorado and New Mexico containing coal, timber and land fit for
grazing and agricultural purposes. (See map in S u p p l e m e n t of March,
1889, and prior issues.) The prior lien bonds are payable at 110 at
maturity, or redeemable at par from proceeds of land sales. In 1891
Interest was defaulted and is now paid with prior lien bonds, or cer
tificates convertible into prior lien bonds* Stock, £950,000. In
1890 land sales 18,409 acres, for $151,938. In 1889, sales 26,399
acres, for about $170,818. (V. 53, p. 223; V, 54, p. 367.)
M e t r o p o lit a n T e le p h o n e & T e le g r a p h C o m p a n y .—This
■company has exclusive rights under a perpetual license from the
American Bell Telephone Company to the telephone business within the
city of New York and its suburbs, its territory having a radius of 33
miles from the City Hall in all directions. Stock, $3,500,000 (par, $100.)
M e t r o p o lit a n T r a c t io n C o.—Organized under laws of N. Y. to
control horse railroad companies in]N. Y. City. It controls by ownership
of stock or by lease the Broadway & Seventh Avenue, the Broadway
Surface, the 23d Street, Houston West Street &Pavonia Ferry, the 6th
Avenue, the 9th Avenue, the Metropolitan Crosstown, the Belt Line
and the South Ferry railways, all these, except the Twenty-third Street,
being leased for convenience in operation to the Houston West Street
& Pavonia Ferry. The funded debts, stocks, etc., of the several com
panies will be found on a page at the back of this S u p p l e
ment
under “ New Yrork aud Brooklyn
Street
Railroads.”
In 1891 dividends were 4 per cent; in 1892, January, 2 per
•cent; in July, 1 per cent. The company was reorganized in
September, 1892, under the laws of New York State, and stock
Increased from $20,000,000 to $30,000,000, Seo V. 55, 421. N. Y.
office, 761 Seventh avenue. (Y. 53, p. 325; Y. 54, p. 367; V. 55 n
167, 297, 421, 723.)
*
M e x ic a n T e le g r a p h .—Company organized in 1878 under laws of
New York State. Has a cable from Galveston to Tampico and Vera Cruz,
238 miles.; land line, Yera Cruz to Mexico City, 267 miles. Also direct
$2,872,000
2,353,000
30,000,000
6,000,000
1,400.000
4,600,000
1,250,000
1,300,000
See text.
86,000
3,000,000
£12,100
$30,000,000
1,962,000
2,000,000
2,000,000
5,000,000
2,000,000
16,500,000
5
M. & N. New York and London. Nov. 1, 1912
............
5 on pref
6
5 g.
5 £•
4 gSee text.
7
6 g.
A. & O. Louisville, Co.’s Office.
.
Various N.Y. Cont.Nat.Bk.&Lou
& j . N. Y.,Seligman<fcCo.&Lo
M. & N. N. Y., Merc. Trust Co.
M. & N. N.Y.,Corbin,Bkg.,192B.
New York, 1 R’dway.
M. & N.
do
do
J. & J. N. Y., Lond. & Ams’dam.
See text.
5 g10 per an
See text.
8 per an.
5 g.
6 per an.
J. & J.
M. < N.
fc
Q .-J .
A. & O.
Q .-M .
M. & S.
Q —J.
j.
20,000,000 See text. Q .-F .
5,000,000 8 per an. Q .-F .
250,000
675,000
373,000
4,466,000
N. Y., 18 Cortlandt St.
N. Y., Office, 37 Wall St.
N. Y. Guar. & Indem. Co.
do
do
do
do
N. Y., Mills Building.
Oct. 1, 1892
var.1894-1909
July 1, 1930
Nov. 1, 1912
Nov. 1, 1940
Jan. 4, 1893
Nov. 1, 1896
Jan. 1, 1913
July 16,1892
May 1, 1918
Jan. 17,1893
Apr. 1, 1893
Mar. 1, 1893
Sept. 1, 1942
Apr. 1, 1893
N. Y., 135 Front Street. Feb. 1, 1893
do
do
Feb. 1, 1893
6
M. & N.
by Nov.1,1901
Boston, Old Colony Tr. Au.l5,’93to’01
6 £•
6
Various
Var., 1893-96.
6 g. M. & N. N.Y.,Manhattan Tr. Co. Nov. 1, 1911
cable from Galveston, Texas, to Coatzacoalcos, Mexico, 825 miles, dup
licating the Mex. Tel. and Cen. &So. Am. Co.’s Gulf cable system. Has
exclusive right for 50 years for all foreign telegrams to Mexico,
except telegrams to and from a neutral zone on the United States
border 156 miles wide, between the Gulf and Pacific Ocean.
D ivid e n d s —In 1882 to 1886, inclusive, 8 per cent yearly; from 1887
to January, 1893, both inclusive, at rate of 10 per cent per annum.
E a r n i n g s , &c.—Company owns 1,362 shares of the Central & South
American Telegraph Co. Gross earns, for 3 mos. ending Dec. 31,1892.
were about $91,292; uet, $73,792; income from investments, $7,253;
dividend, $47,815; balance, surplus, $33,231; repairs, $4,094, J. A.
Scrymser, Pres’t, 37 Wall St., N. Y.
M i c lii f fa n - P e n i n s n la r C a r C o .—O r g a n i z a t i o n a n d B usiness .—
A consolidation in 1892 of several Detroit companies, with an aggre
gate capacity of 100 freight cars a day. Business established in 1864.
The real estate, working plant, machinery and appliances have been
appraised at $5,605,787, and the cash assets at $1,297,000. See adv.
C h r o n i c l e July 16, 1892. Stock and bonds listed in New York in
January, 1893 ; see application in full in V. 56, p. 208.
D iv id e n d s .—On common in 1893, April, 5 per cent.
N e t E a r n i n g s .—For quarter ended Nov. 30, fifteen days approxi
mated, were $227,000; surplus over interest and dividend on pre
ferred $102,000, applicable to dividends on common.
D i r e c t o r s .— Hon. James McMillan, Detroit, President; HughMcMil"
lan, Detroit; William C. McMillan, Detroit; Frank J. Heoker, Charles L.
Freer, Watson M. Freer; Edward F. Lawrence, Chicago ; Hon. Russell
A. Alger, Detroit; George R. Turnbull, New York; Matthew Addy,
Cincinnati. (V. 55, p. 86; V. 56, p. 165, 206.)
M in n e s o t a I r o n C o .—Owns about 14,270 acres of land and b I x
iron mines in St. Louis and Lake counties, Minnesota. Owns also $500,000 stock, $400,000 ls*t mortgage bonds and $3,500,000 6 per cent
income certificates of Duluth & Iron Range RR. Co. Dividends—In
1890, 3 per cent; in 1891, 6; in 1892, Jan., 1*2 per cent; April, 1^;
July, l 1 October, l 1 in 1893, January, l 1 April, 1*3 p. c. Stock
^;
^;
^;
increased by $2,500,000 in 1891 to acquire capital stock of Chicago &
Minnesota Ore Co. (owning 24,211 acres of mineral lands, etc.) Offices,
Mills Building, New York, and Chicago. (V. 54, p. 119.)
M i n n e a p o lis Street R a i l w a y . —See T w i n C i t y R a p i d Cit y .
N a t io n a l C o r d a g e .— O r g a n i z a t i o n .— Organized under t h e la w s of
New Jersey for the importation of hemp and the manufacture a n d sale
of cordage, controlling a large number of establishments in th is cou n
try and Canada. A rival company, the John Good Cordage & Machin
ery Co., was incorporated in October, 1892, with capital of $7,000,000.
S t o c k s .—Preferred is 8 per cent cumulative, and also h as p r io r it y
over the common stock in respect of all property and assets in ca se o f
liquidation or dissolution. After 8 per cent on the preferred, t h e c o m
mon is entitled to 6 per cent per annum, non cumulative; then the
directors may add to surplus such amount as they deem best, b u t a n y
further sum remaining for dividends shall be divided between the tw o
stocks in the ratio of one third to the preferred aud two-thirds to the
common. Both common and preferred have the same voting p o w er.
No mortgage or bonded debt can be created except with consent of 80
per cent of the preferred stock. See V. 56, p. 164; V. 52, p. 204, 279.
In Jan., 1893, company issued $10,000,000 common stock to co m m on
stockholders as a scrip dividend of 100 per cent, to represent assets
acquired by the company since its formation. The old stock c e r ti
ficates were then exchanged for new certificates, in wh ic h th e claim
for dividends is as indicated above, the terms in other re spects re m a in
ing as theretofore. V. 56, p. 164,
d i v i d e n d s .— On common stock; In 1891, 9; in 1892, Feb., 2 ^ ; May,
2 ^ ; August, 2^; November, 3; in 1893, February, 3 p. c. Dividends
on preferred 2 per cent quarterly (8 per cent yearly) to date. See above.
P r i c e of Stock .—Common in 1892, 91 *2 ® 142%; in 1893 to Mar. 17
inclusive, 57® 147, the former being for the new, the latter for the old
certificates.
Preferred in 1892, 100®1231 in 1893 to March 17 inclusive, lO Sk1
4;
®
118 %
.
Secur ity Corporation of N e w J ersey .—Organized Sept. 23,1891,
with capital of $350,000, to take over the several extensive cordage
works purchased in the interest of the National Cordage Company late
in 1891. Its entire property is leased till November 1,1911, to the Nat.
Cordage, which pays to the mortgage trustee in gold as rental $360,000
per annum for interest on the bonds and in addition $225,000 per an
num as sinking fund. The sinking fund increases with the payment of
the bonds, the interest on those canceled as well as tlic $225,000 per
annum being applied to the purchase of bonds at or under par and in
terest. Upon the payment of all the bonds the National Cordage will
own the property in fee. The bonds are not subject to call before ma*
turity. Mortgage trustee is Manhattan Trust Company. It is said the
Security Corporation earnings far exceed the interest on its bonds. To
Jan. 21,1892, $236,000 bonds had been canceled by the sinking fund.
As to bonds, see Y. 54, p. 647.
A n n u a l R e p o r t .—For the fiscal year ending Oct. 31,1892. The only
annual report issued was the following. (V. 56, p. 247.) [Balance
sheet of Oct. 31, 1891, was in V. 54, p. 247.]
“ Owing to the attacks made upon large corporations by competitors
it was decided to issue no more full report of the year’s business than
than the following:
Profit and loss accouut for the year ending Oct. 31,1892 :
Balance Oct. 31.1891. $106,313 Total profits............... $2,817,063
Profit in year 1891-92. 2,710.749 Dividends paid........... 1,450,000
Total profits
$2,817,063 Surp. carried forward..$1,367,063
MliOELLAJSfEOUS STOCKS AND BONDS.
Ma r c h , 18S8.J
I
S T
S u b s c rib e r* w i l l c o n fe r a g r e a t f a r o r by g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d i n these T a b le s .
MISCELLANEOUS.
'or explanation ot column headings, Ac., see notes
first page of tables.
is tonal
L ea d
B d i'riuci
on .i
INTEREST OR DIVIDENDS.
Date ; Size, or Amount
pal.When Dueof
When t\Tiere Payable, and by S tock s —Last
Far
Rate Per
Whom;
I Value. Outstanding Cent, Payable
Dividend.
Go.—Stock, common, $15,000,000 auth’d.
i; Preferred stock (7 per cent, cum.) $13,000,000Hath...
m
Debenture:*-............ ,........... ...........
ialU al Lin
m
seed
O il— Stock........... •;
r a t io n a l M a rc h —Common stock ($o , 0 0
..................
0 ,0 0 0 )..-
1st preference stock, cumulative, 8 p. cent {$3,00o,ooo>
I 2d preference stock, cumulative. 12 p.eent ($2,500,000)
H 1st mortgage,(for $4,500,000), gold............................. 1890
fTn» C e n tra l
A, . , .
••
t o u t —Stock................. ------................ .. -:
v -
.... c
- .......................... ..
' Bonds, 1st and 2d Series, each $500,000.................... c
I Bonds, 3d Series, subject to can After April 14901,at 102 1891
I Bonds, 4tb Series,soWeet to call after April 1.1902.at 102 1892
Vtmnrt News S h ip b u ild in g S D r y Doek.-l-t mort . .c m i 1890
* Cbeeapettke Dry Dock A Construction 1st mortgage... 1887
V«r T u rk H u u - d C o m p a n y — Stock,............................
■ first mort. gold, sinking fund.not subject to call— ear
r.T.Uulual T l.—Mutual t’n.Tel. 1st M.. g.,gu., notdr’n.c
e
Vrw York < Stic Jersey T
*
elejih e—Stock.....................
on
I First mortgage............................................................ j
I Gen. M .for$1,500,000. g.,s. f. $20.000y’rly.notdr’n. c'
V. r. 4 Drr> V l J Iron C .—Stock.............................
k e t oa
o
I 1st mortgage, gold, sinking fund—not subject to cnll <
•
p f,
Y.
4
T re a t l a n d { L i m U a i f —Stock............................
1891
1881
1890
1890
1 $100 $14,90S,.100
100 14,904,000
. ..
NilJan. ’93
100 18,000,000
xoo
4.450,700
100
2,219.400
100
1,846,800
1,0 0 0
3,837,000
100
5,000,000
100 10,394,600
1,000
1,000,000
1,0 0 0
500,000
500,000
1,000
2,000,000
100
800,000
1,000
9,000,000
1,000
1,447,000
1,000
1,978,000
100
2,535,000
100 AC,
472.500
1,000
824,000
100
3,000,000
1.000
000,000
50
1.500,000
See text.
N. A'„ 1 Broadway.
May 1.189S
7 per an. ( i — M .
do
do
Mar. 15, 1S9S
6
- -n-r In 30 years.
See text. Q.-F.
Otaoago, OlHee.
Aug. X 1891
.
See text.
N. Y.. Office, 29 B’way. Men. 15,1891
8 per an. 11. .X N.
do
do
■N 2, 1892ov.
1 per an J. & J.
*2
do
do
Jau, 1, 18931
6 e. 1 . & N. X. Y. .Chase NatkmalBk. May 1. 1920
New York Office.
See text.
Feb. 6. 1893
Boston, 125 Milk St.
Feb. 15.1893See text. Q.-F.
A. .x 0. Boston.Bank ot Repub, Apr. ’99-1900
0
A. & O.
do
do
Apr. 1, 1908
0
do
do
A. & 0.
Apr, 1, 1907
0
New York.
5
Apr. 15, 1990
15J.A-J.
5
J. & J.
New York.
Apr. 15.1937
i hicago, ill.
See text. Onar.
Dec., 1S92
6 g. XL & S. N. 1., Kountze Bros. Mob. 1. 1911
It. .X X. N. Y., West. Union Tel. May 1, 1911
0K
.
«>
6 per an. Q.-J. Brooklyn, 1 Smith St.
6
M. A S. v. V , Nat. Park Bank.
5 K M. A S. X. Y., Atlantic Tr. Co. . May 1, 1920
.
See text.
New York. 2 Wall St. Feb. 10, 1888
0 g. M. A N. Nov. 9 2 cotip, unpaid.
X,Y.,J.S.Wetiuore2Wall
«)
(»)
Naflonst! ar**!*,—
•Ineorpomtod inFohmnry, 1890, iifider the laws
all. John A .Tucker, G. Weaver Ig)per, E. M. Fulton, Jr., John C. Fur |of Kentucky, and owns properties capable of ppootieltig from 230 to 240
man, C. L. Atterbery, E. K. HrtnckerhoiT. President, James M. Water- I million prounds of starch yearly. The twenty concerns whose plants*
E , a r f , New York office, 134 Front Street. (V. 52, p. 204,279. 042. 899; |trade marks, paten to, business and good will it purchased were located
t
|;y, fy p 289,325.713; V. 34, p, 34, 243,843, 04,, 723, 990, 1033; V. j In the States o f New York, Ohio, Indiana, Illinois, Iowa and Kansas.
The preferred stocks have preference as to principal as well as dlyl' -.8, p. 127, U i, 217..
National brail Company.—‘ m.*; isi/iTKiN. -hr.-i*' :, •' under |dead*. The bonds were issue*! at a rate not ©xc&eoing 75 percent o f
I the company's real estate# The good will of the concerns, &o„ is reprepjhe laws of New Jersey on Dec. 7 ,1891, as successor to the National
[.Lead Trust. It controls 28 es tensive plants In different SUL . fur the setttsl by the common stock. On April 28, 1892, there wore in the
assanafaetnre of white tmul and other product.*, Be* V. 55, t> 482, coo* I ©ompany's treasury 8549,300 eotnmon stock. $780,000 first preferred
.
c«rnlng L'nckbs' suit Only $372,000 certificates of the old trust were |and f4l$3,200 second preferred, and f663fO00 first mortgage bonds*
iHTtbKKC# on prefemoi stock have been paid in full to date; c o m m o n
ntstandiug December 31, 1*02,
| B e n . i t t r i y r AlTHOkiKSb.—$$0,000,1)00 capita! and $3,000.1)00 of 0 I stock paid it* 1881* March, 1 p«r rent; 1802, March, none,
j ANNUAI* Me« t o « is held on first Wednesday In February,
.’per cent M -jre m r Jebentwe bond*. The preferred stock carries 7 per
cent dividends per annum, to be cumulative. The debenture lumiis j BtjRMrrevns,—
*W. F. Fkd. Jr., ITesident; William Buryea, Chester W.
-sere to lie used for working capita! In carrying on the various enter- |Chapin* Horace K. ThfirlM.-r, Charles C. Burns* Secretary and Treasurer;
,prises of the 'Intel, etc;, but none had been issued ap to Feb. 15, 1893. David A. Gcraty. John Duryt^a* I>.lg»r IL Duryea. JajtK'w K , 0. Shersee V. 53. p. 130. 290. W «, 980; V. 50, p. 287. Cotuoiltlatlon with the
Wilhdt H. € , Cole,
'National Linseed Oil Co. was talked of. V 55, p. 705,1035; V. 50, p. 42. Jwood, Martiu F. Houir,E Wright, Henry it dame?* A. Bumrill, Albert
.
|Brk*‘»broohtr, ifilffor*!
Wood, Martin. Outsingor,
i DtvibK.vfj*.—The lead Trust paid dividend* on lie $00,000,000of stock William F.F!el,,ilr.f Itlehard Johnson, a , B» Beardsley, Fred M. Oitbert*
Ian fc,nows; In 1«01. a prt!, % of l per c ut; July, *> of l i lx,.. |and oil*; r n r j t m y . New York office, No. 20 Broadway. {V* 54, p, 043 y
y30 cents per $100 share. The new conijwsnv ha* paid: On preferred V. M* p. 247.»
f a 1892. March. 1Si per ci. (quarterly); June, 1%; bepL, 1%; Dec., 1%;
N ew Ctetstral Coal (^ld.)«-**The aninial report for 1892, in V.
i d 1883, March, l % per rent
j p. 245, whowtNi net profits for year of $35,126 and balance to credit or
I On common to 1893, In May. 1 per cent.
f profit and tot* December 31, 1802, of $211,061. Dividends since 1880
I PntCR or ,%roc*.—Continon—In 1892 30-Vv 51’n; to 1893 to March { -la 18fftr t per rent; in 1882 and 1883, nil; In 1884, l ; in 1885, nil;
117, inrltisi vc. 35* 32be price of pruferred *toek—la 1898,81'*98%; to I from 1886 to 1888 inclusive*, i pmt rent yewrly; in 1801, l; in 1302,
11883 to .March 17. inclusive, TO«*•»«,
j March 1; In 1803, Fob., 1 per rent, (V. 32, p. 202 ; V, 50* p. 2-13d
| A x x v t t , BeroffT.—Fiscal year ends Dec. 31, Annual meeting la fee.4 j
Engisndi
Telectrmptt•—This company does a
on u T h r-oloy in Fi t.rnary. The hr, t annua’, statement of the I telephone till-1!c T e ls p lio iir Sc- H&inmitdre* Vermont ami Mitsianhu* i* in Maine, New
*
■ ’omf.iioy Issued in Kehru3
C
!ry, 1:893, was its V. 30, p, 287, and gave j setts under lieetise from the American Bell Telephone Co. On January
:naianee sheet as below. The President remarked that the Icompany I 1,1803, S had 20,721 sutmertbers and exchange offices in 0 9 cities or
was to be congratulated oil the liquidation a t the very large Indebted- j viliagrs. t8took $12*000,000, of which, on March 1,1892, $1,605,400*
; ness of too ’ National Load Trust and that the volume of bust- j was in the treasury. The bonds were issued for improvements, placing
; ness for the year exhibited a gratifying Increase over th,- pr> ceding Jth© wire# underground, etc. Dividends—From 1886 to Febmary, 1893,
years. The profit and loss account for the year 1892 show* net earn- |rate of 3% jser rent per annum, three dividends yearly being for 75 at*
, ns* $1,900,9*0, out of which were jraid four dividends on the preferred I rent#, and on© tenia February 15 io 1893) for $ tr25. In 1801 the n %
©
stock aggregating $1,043,280. leaving balance to credit of profit and |earnings over ail e*i»etise# and interest charge* were $369,<810,
loss $S8:l,7u*; The mortgage liability has heel* reduced during 1*32
'Organ: from $351304 to only $133,728. TliC general: account &n January I, | N ew port News N lilpbullifii*g A: Dry P o ck Co,—
j ired under mi net of Virginia of January 28, 1 8 5 m amemlod Fehrin
8 C,
: 1993, stood os follows:
ary 17, 1890. Th© stock Is $2,000,000, Th© company owns sixty
Btu.ii.i: siivi.r Jisrsnr t, 1893.
|acre# of land with water front, and. has large plant,'costing $501,954
Plant lnTe»‘tJan.t.*»3.f23,241,920 |Capital slock, eom’on $15,000,ooo ] for th© dry dock and ©rib work, and over $2,730,000 for the other
t il
do
prePil . . 15,000,000 ! property, as stated to th© Stock .Exchange. Th© Chesapeake Dry Dock
other Investment*___
Materials................. S, 192.999 ; surplus 1992 ............
883.706 |k Construction mortgage ©overs the dry dock as a first lien and th©
rrem ury stock..........
100,000 |Mortgage*.................
153,728 I Newport News Shipbuilding A Dry Dock mortgage is second to thfa
: Cash to bank .— . . . t-tt, i t i Account* payable.....
27:1.804 I 8re statement to New York Stock Exchange in CRBOSicu, V. S3, p*
Notes and m rec_
c’ts
_ 1.400.112 1
7D5. (V. 53, p. 713, 710.)
N ew York R tsru li Com pany —
-This company Is incorporate!!
m 1,21* 1,20§ J
T o ta l lU M lU tm ,, ,.$m ,201,29^ \ under the tow# of Iliinots, and owns ami leases property in New 3'ork
Total assets
DihEDfOUS.— r. P. Thompson, A. T. Go* o n , ¥, W, Kc*ekwrfl, L , a , f ( M g ', Chicago, t’a.tnhridgeiM
A
J.rt (Beatonj, B m Moines, In., Denver, Col.,
. Cole. B. B, t’ofgj in* A. IY T
**, ~ II,
lie ~
W. It . F je r a p ^ m , j Arc., 13 cities in all. The real estate, buildings, patent.#, machinery, etc,,
* ie»>rge O. Carp*- n t
ceawardl F- M h\ Jr„ John H. M Kelrr, J. L. were valued in batoare sheet Jan. 1,1693, at #8.037^32; construem
m
MeBfrney I K F, m
"
, OrFicK*^,— F. t & *»jmob,
W.
o
; j , I lion account at $1.726,007; iiicrehnnots© account# receivable, etc,, at
J tM r M lT firy , T;
U
Zl& D riw of $*w VortL. mmtnrfd S, I $1,25-1.637.. Trustee under the mortgage U the Central Trust Co. o t
rtm m tt,
T .t ir «f N
l m t 200, 604, 640, Bm>; V . 5. {*. I New York. Sinking fund, #50,000 m year, Dividends from October 1,.
462, 705, t
S, 0. 42, ft 81
j 1890, to Jan. 1, 1892, Imtli inclusive, I I p , c , per atmuin; in April, 1892,
> a it < m «l Ltn»FC4l o i l . —1
oratnl in 1809 J1; July, 1; October, 1; Iteeember, I per rent- Profits in 1802, $548,359^
against
in . 8 9 1 Interest on
1
! aad«T | f
,h
n
*f
r Of th© IJ0A©0«t I 303,654$433,101 of flour ;.were used. bond# will be $00,000. la 1801,
w rw
ro
barrel*
Treasurer. O, P. Johnson, 1Oil*
Ofi Tr»'*t,
,
of 52
0il Hfffi'i*
In 12
i of this tlaito [ tttti ? Ineteiing j A?e, and 15th 8t., N, Y* City. Main office., Sfficrican Express Budding,
-»,
SCliiciigo^ III,
t. 1 to*Mi
,0
It
ittilto
Oil
Qake-funm far
I
Ism frntmimt^aA it
A
wploy In its© N ew Y ork Jlattiial T«tegr»p l»4 —sun-e- wir to th© M n M fiafoa
ffiS fH
& ifftcfcurr o f the** *frcm do to 7© m
ft of IlM
’try*# tt&itt&tl I Tetegrapli Company. The ©tee* Carrie# dividend* of 6 per eent per an©rap (of ten to twenty lUimt luuihet of RftX8rr4.
I xm m under a lease for 09 year* from February 15, 1883, to Western
A.rSOAt Rkkokt,— >rsa year n . J Hiy ii 1 Report for l H9X S 4 1 |0ak*n Telegraph. Th© Western Union gives its collateral, trust bond#
u
.
1 n
Y % p. 244, g»ve tso eamtng*- tmt n tAln©4 th© following holatie© in exchange at par for th© stock and bonds of this company.
.,.
*h m t ; In the report i f ■Freahtesit r«tni
Ih
itientolfli tm
*ln©©4
N e w Y o r k A N e w J e rsey T e le pi* o n e , —Operates telcphon©
o f th f company,
an!; ItH vmt© profit, will *oo» giro the
the Bell Company in Staten Island*
adttttional working cn,ptiM i resniiited. min •ill, w« hop©, caim« divsdeod# lines under perpetual license from m New Jersey in counties of Bergen,
“
Igjng Island (Including Brooklyn),
to be remsmed at an ear1 date.”
f
! !>.«*.•x, Huds in, Mlfhlie*f*x. Monmouth, Morris, f'a-isaic, Hinnerset and
kN k # 1 W i s m
G 1R
Union, Its total stibscriber* on January 1, 1892, were 0,044 (of
984,22! which 4,487 In Io>ng Island), ngafnst k,091 on January 1,1891, Of
9»Ffiiat itnek.....__ -f:i 8,000,000 t Kc
the
m k ‘ nd ac'te
a
4,025,88111C
m
430,923 J1 general mortgage bond# soflletent- are reserved to take up th© first
mutu.rfty;
tieneral Mortgage,
Tru
BUD rcreivaide, etc .
t 215 584 mortgage at muturity; trustee General Mortgage* Atlantic Trust- Co,
{ stack .in trade
1% 2 *9 19 *2 9 5 11*1T«brJI.802 gross earnings were $1,050,125; net over expenses amt
*
I fifttsnoeHood w iff*ii- ’
taxes, $359,479 ; interest, $76,932; dividends, $152,100; balance,
terito, etc. ) . . . . . J. 9,469.950 |^orpins, $130,440. In 1890, gross. $979,044,
9,469,856
DivinkNPs.—
‘Dividends in 1892, Jan., 1% per cent; April, 1%; July,
Total itohl
22,025,891 )
Total a s s e t s $22,025*981 1%; October, 1%; in 1893, Jan., Ids per cent.
I® year t aw>
1 from operations was $20,462. After writing 1 H ew Y ork A Perry Coal A Iro n Com pany,—Owns 040 acres,
his hff and dm
ridsitd*, $720,000, t company' % f-153,294 in |controls 800 acres and leases 430 acres of coal and iron land in Hocking
^
d
1
3
earnings, an<i P s original capital fnta^f In year ending J one Valley region hi Shawnee, Ferry County. O, Hits five coal mines and
1800 , up! earning* were f l/20t,403. or equal to ’0-07 per cent on two blast fnrnaces. The November 1892, coupon « out unpaid. For
*teck. ^toeg listed in New York In ftept., 1990. He© full statement In full statement to New York $toek Exchange on Jan 22,1891, so© V.
• »l. p 348; V. 53, p. 223.
52, pi 206. Dividends—In 1H97, 4% per cent; in 1888, 1 Office, 2
.
Dnnutoxi*.-in IB 2 p m cfn(; to M M, F«K, 1; Mar. 1; An*., Wall street, N, Y. i V. 52, p . 204. 206; V. 53, p.21.)
StO
*$ of I per rent; since, prior to 8cpt. 10, 1802, none,
N ew York A Tcir«*» Dand,«-Thifl company took the lands granted
*
treat Northern railroads. About
m ^ A tovarsder Buston. President: H. I). Hubbard, W. V, to the International and Houston A <
fS * % o* Grove, A. C, Abbott, Marcus 8fmpson. A. O. Hall, J. A. Wil 5,000,000 acres. On Feb. 16, 1893, company had 2,107,778 acres un
P k F * .n an f,vn 1‘ T *
M ertiillo b . M ecrefn ry a n d T r e a s fir e r . X . Y. sold. and there was $802,080 of land scrip receivable for lands at 75 per
Office, $ i John S tr e e t, y r 5 3 , p 765,1035; Y, 56, p. 244, 414
cent of Its face.
- Dsheojiiks.—
danws M, Waterbary, Prank XI Wall, Chuunrey Marsh
1S8
INVESTORS’ SUPPLEMENT.
(V ol. LVI.
S u b s c rib e rs w i l l c o n fe r a g r e a t fa v o r b y g i v i n g im m e d ia t e n o tic e o f a n y e r r o r d is c o v e r e d i n tliese T a b le s .
W explanation
ot
MISCELLANEOUS.
Date Size, or
Par
of
of column headings, Ac., see notes on
Bonds Value.
first page of tables.
N Am
orth erican—
Stock for $50,000,000..........................
N H
orth udsonC . (St.) It'y—Stock authorized, $1,250,000
o
1st mort-'age..............................................................
Consolidated mortgage ($3,000,000)......................... o*
Debenture 6s..............................................................
N w E
orth est quipm Stock...........................................
ent—
N w
orth esternTel.—Stock, 4 rising to 6 p.c., guar. West.Un.
1st mort., sink, fund, bonds not drawn, interest guar.c’'
O Falls C M
hio
ar anufacturing Co.—Common stock.......
Preferred stock, 8 per cent, cumulative, gold..............
1st ML. gold, $20,000 per an., subj. to call at 105.. .c\fcr
O
regon Im
provem C —Stock, common......................
ent o.
Preferred stock, 7 per cent, non-cumulative.................
1st mortgage, gold, sink, fund 1 p c. yearly. See text
Consolidated mortgage for $15,000,000, gold........... cx
1888
1892
1874
1892
1880
1889
$100 $39,767,200
25
668,255 See text.
Hoboken, Co.’s Office.
1,000
620,000
6
j. & j .
do
do
1,000
2.378.000
j. & j . Hoboken,N.J. IstN.Bk.
5
1,000
500.000
F. & A. Hoboken, Co.’s Office.
6
100
3.000.
000 text. Q .-F . N. Y., Office, 36 Wall St.
See
50
2.500.000 See text. J. & J. N. Y „ West, Un. Tel. Co.
500
1.180.000
J. & J.
7
do
do
100
400.000
100
800.000
Q - J . N. Y., Maitl’d, Phelps.
8 g1,000
600,000
New York City.
6 g. A. & O.
100
See
7.000.
000 text.
100
327,800 See text. M. A S. N .Y . Of.,22 william St.
1,000
4.265.000
6 g. J. A D. N. Y., Farm. L&. Tr. Co.
1,000
6.468.000
do
-do
5 g- A. A O.
N o r t h A m e r ic a n C o m p a n y .—Or g a n iz a t io n .—Tills company
was organized in 1890 under the laws of the State of New Jersey, as
successor to the Oregon & Trans-Continental Company in liquidation.
It was to operate in two special fields—one that of railroad financiering,
the other that of promoting electric light and power enterprises. See
V. 50, p. 875. The company’s assets on May 31,1892, are shown below.
The annual report for 1890-91, extracts from which are also given
below, show the company’s operations thus far to have been principally
in the way of establishing a street railway system in Milwaukee and
electric lighting plants in Milwaukee and Cincinnati. The Northern
Pacific and similar securities were mostly acquired from the Oregon A
Trans-Continental. At the time of the Baring crisis the company’s hold
ings of such securities were much reduced.
Mil w a u k e e Str e e t R a il w a y a n d E lectric L ig h t in g .—The North
-American Company has organized the Milwaukee Street Railway Co.,
with capital of $5,000,< 00,~of which the North American Co. on May
31.1892, held $2,887,000, to control and operate all the street railway
lines in Milwaukee. Speaking of this company, and also of its electriclighting plans, the company’s annual report (V. 54, p. 1007) states
that: “ Exclusive licenses and patent privileges were acquired from
the Edison companies for the operation of electric railways and the
furnishing of electric light and power for Milwaukee and the adjacent
districts, and also city ordinances granting franchises covering all the
important streets and points in the city, constituting assets and conces
sions of great value. During the past year this company has con
tracted for the purchase of the remaining street railway lines in opera
tion in Milwaukee, including the West Side Street Railway—a road of
large earning capacity—so that the Milwaukee Street Railway Companv
and tills company together now own and control the entire street rail
road system in that city, embracing, at present, over 100 miles of
operated track. * * * It is confidently believed that the entire rail
way and lighting system as now planned will be completed by October
1.1892. * * * The company does all the street lighting for the city,
under a satisfactory contract entered into last November, which con
tinues for four years. * * * The entire railway system of the com
pany when completed will comprise not less than 140 miles of track.”
Cin c in n a t i E dison E le c tr ic Co m p a n y .—This company, the report
states, was organized under the laws of Ohio by a syndicate, of which
the North American Company is a member and the representative, with
a capital stock of $1,000,000, for the purpose of establishing an exten
sive central station electric plant and of securing a large electric light
ing business in the city of Cincinnati and its suburbs. The entire work
of establishing this plant was to be completed before Dec. 1st, 1892.
This company has secured the contract for the public lighting of the
entire city of Cincinnati for eleven years. This contract carries with
it also a valuable franchise for commercial lighting for the term of
twenty years.
Ca p it a l Sto c k .—The North American authorized capital is $50,000,000, of which only $40,000,000 has been issued, this having been ex
changed, share for share, for stock of the Oregon & Trans-Continental.
P rice of Sto c k .—In 1890. 7^4738; in 1891, ll%@21i8; in 1892,
O^'SJlSV. in 1893, to March 17, inclusive, S ^ 'S ll^ .
A n n u a l R e po rt .—Fiscal year ends May 31. Annual meeting is held
in Jersey City on third Wednesday in June. Report for 1891-92 in full
In V. 54, p. 1007, showed the following :
INCOME ACCOUNT FOR YEAR ENDING MAY 31, 1892.
Cash from interest, div’nds, commissions and all otli. sources $418,119
Payments for interest on loans.............................. $220,538
A ll expenses of administration, including taxes___
51,707
Total.
271,246
Net cash income............................................................. $146,873
A s s e t s a n d L i a b i l i t i e s .— The company’s assets, as reported on May
31, 1892, are given in the table below. The total value of these
assets, as estimated by the company, using Stock Exchange prices and
“ conservative” valuations, was placed at $10,718,512, against which
were liabilities of $2,846,822, leaving net assets of $7,871,690. The
bUls payable here included are in the form of long-time loans, carried
on fixed terms, against the security of Milwaukee Street Railway and
•other unlisted bonds.
S so n .
lock w ed
Par va e.
lu
Northern Pacific, com. .$7,450,200
Chicago & No. Pacific..
533,000
Wisconsin Central, pref.
32,500
Edison Gen’l Electric.. 216,200
St. Paul Edison Electric
90,100
Milwaukee Street R’y.. 2,887,000
Cm. Edison Electric &
Queen City Elec. Co’s.
333,300
B so n .
ond w ed
,
Par va e.
lu
Northern Pacific consols. $604,000
Chic. &No. Pacific ls ts.. 276,000
Wisconsin Cent, incomes
45,333
Milwaukee Street R’y 5s.3,276,000
Minn. Lyndale & Minne
tonka Street R’y 5s .... 699,000
Cicero A Proviso'R’y 6s. 145,000
M
iscellaneous A s ts
se .
B d - Princi
on s
IN I ERE8T OB DIVIDENDS.
pal,Wlien Due.
Amount
tock Last
s—
Outstanding Rate per When Where Payable, and by S
Cent. Payable
Whom.
Dividend.
West Side St. R’y, Milwau
Advan’s under contract
kee, paid on purchase..$301,350
with T. A. Edison and
Milw. St. R’y, advan’s for
Edison Gen’l Elec. Co.
construction............... 626,358
for inventions, etc___
$52,701
Secured accounts........... 753,186 Int. & dlv. acc’t, bal’ce.
184,207
Bills receivable.............. 175,151 Cash in bank & tr. co’s.
912,080
Miscellaneous securities.. 357,472
^
_
___
Tot. miscell’iis assets.$3,362 505
D i r e c t o r s .— Henry Villard; Georges. Jones; ThomasF. Oakes; C. W.
Wetmore; S. W. Burt; J. Hobart Herrick: D. 8. Wegg; Chas. A. Spofford;
Henry C. Payne. President, Henry Villard; Vice-President c?eo. 8.
Jones; Secretary and Treasurer, Edward Edes, New York Office. 15
Broad S t (V. 54, p. 845, 1007; V. 55, p. 1110.)
N o r t h H u d s o n C o n n ty (S tre e t) R a i l w a y .-O w n s 50 miles of
street railway and elevated cable lines, operated by steam, horse
(•
»>
Jan. l, 1914
July 1, 1928
Feb., 1902
Feb. 1, 1893
Jan. 2, 1893
Jan. 1. 1904
New.
Jan. 1, 1893
Oct, 1, 1922
Aug. 1, 1890
Meli. 1, 1893
Dec. 1, 1910
Oct. 1, 1939
power and electricity in Hoboken, N. J., and vicinity. Electricity /
being introduc ed on both surface and elevated roads. For the $620,000®
of 6 per cents due January, 1914, a like amount of consols is reserved.
Stock authorized. $1,250,000; outstanding, $668,255; par value, $25.
A stock dividend of 40 per cent was paid in July, 1892, to represent
surplus earnings expended on the property. Tn 1892 gross earnings
were $860,322; dividends. 8 percent.
In 1891 gross, $763,816; net,
$197,804; interest on bonds, $120,408; dividends, 8 per cent, $38,186;
balance, surplus, $39,210.
N o r t h w e s t E q u ip m e n t .—Owns railroad equipment costing $3,
000,000, leased to the Northern Pacific Railroad. The rental is 7 per
cent per annum on the cost of the equipment and 10 per cent yearly to
the sinking fund. October 1, 1898, when the lease terminates, the
Equipment Company will be paid out of this sinking fund the original
cost of the equipment, which will then become the property of the
lessee. See statement to New York Stock Exchange in full in C i i r o n i
cle , V. 50, p. 73. Stock paid in 1890 6% per cent; in 1891,7; in
1892, February, 2*4, May, l 1 August, l 1 November, l^j; in 189 3,
^;
^;
February, 2 ^ per cent. New York Office, 36 Wall Street.
N o r t h w e s t e r n T e le g r a p h .—Owns 8,000 miles of wire and is
leased to Western Union for 99 years, with guaranteed dividends, rising
*e p. c. a year to 6 in 1897 and afterward. Bond interest is guararanteed.
O h io F a lls C a r m a n u fa c t u r i n g C o .—Incorporated under the
laws of Indiana in 1892 as successor to Ohio Falls Car Co., established
in 1865. Located at Clarksville, near Jeffersonville, Ind. See adv.
C h r o n i c l e of Oct. 22,1892, and Maitland, Phelps &Co., 24 Exchange
Place. First dividend on preferred was paid in January, 1893.
O r e g o n I m p r o v e m e n t C o m p a n y .—This company controls the
Pacific Coast Steamship Company (owning its entire capital stock)
and operates five steamship lines running between San Francisco,
Portland, Victoria, Sitka, Fort Bragg, San Diego, Ac. Also in March,
1893, owned all the securities of the Columbia & Puget Sound Rail
road (narrow gauge), Seattle to Franklin, etc., mines, with sidings,
etc., 57 miles; and the Pacific Coast Railway (narrow gauge), Port Har
ford, Cal., to Los Olivos, 80 miles. The Seattle & Northern Railway.
Anacortes to Hamilton, Wash., 36 miles; the Port Townsend
Southern RR.; Port Townsend to Quilcene, Wash., 28 miles, and
Olympia to Tenino, Wash,, 15 miles; also operates the Seattle Coaldc
Transportation Co. with its New Castle mine, and the Franklin Coal
Co. owning the Franklin mine. (See V. 51, p. 570,747.) Company also
has some 3,688 acres coal land.
H is t o r y .—Defaulted in Dec. 1890, on 1st mort. coupons, and Joseph
8imon wras appointed receiver. A change in the management fol
lowed, Mr. W. H. Starbuck became President, the receiver was dis
charged, and the overdue coupons were paid. In March, 1892, dividends
were resumed on the preferred stock. See V. 52, p. 351; V. 54, p. 288.
Stock .—P referred stock was exchangeable for consol. 5 per cents
on certain terms, but right of exchange has expired. See V. 52, p. 321,
643.
D i v i d e n d s — On preferred stock (issued in 1888)—In 1888, 3*3; from
March, 1889, to September, 1890, at rate of 7 per cent yearly; then
none until 1892, when 3^2 in March and 3*2 in September; in 1893,
March, 3^ per cent.
On common—In 1883, 7*2; in 1888,1*2; in 1889, 4*2; in 1890, in
February, May and August, each 1 per cent; none since.
B onds .—U nder consol.mortgage for $15,000,000 (trustee, Farmers’
Loan & Trust Co.), bonds are reserved to retire the preferred stock and
the first mortgage bonds not in the sinking fund. See V. 54, p. 484.
The first mortgage bonds by their terms were subject to call ior the
sinking fund at par if not purchasable at 106, but in January, 1893, it
was proposed to cancel the sinking fund provisions. See V. 56, p. 42.
L atest E ar n in g s .—Dec. 1, 1892, to Dec. 31, 1892 (1 month),
gross, $301,645, against $297,838 in 1891; net, $44,681, against
$40,282.
A n n u a l R e po rt .—Fiscal year ends November 30. Adeance report
for 189192 was in V. 56, p. 331, showing:
e arning s and e xpen ses ( a l l c o m panies ).
,----------- 1892.----------- v
1891.
Gross.
Net.
Tear ending h . 30—
rov
Gross.
Pacific Coast SS. Co........................ $2,825,840 $2,585,105 $421,751
176,742
60,025
Pacific Coast Ry. Co........................
193,957
315,649
130.588
Col. A Puget Sound RR. Co.............
333,044
71.283
20,425
Seattle A Northern Ry. Co..............
62,307
23,613 lossl 1,237
Port Townsend Southern RR. Co---38,001
29,264 loss24,704
Steam Colliery A Steamship...........
206,141
632,937
174,681
Coal Department............................
598,345
41,231
Real estate and miscellaneous......................... 43,32557,382
Total earnings.......................... $4,300,960 $3,891,975 $812,560
I N C O M E A C C O U N T ( A L L C O M P A N I E S ).
1890.
Net over taxes and gen. expenses. ..$704,745
.. 136,563
Income from investments, Ac.......
1891.
$829,690
14,357
1892.
$759,948
25,370
..$841,308
..$332,303
.. 68,497
.. 50,000
$844,047
$553,793
75,344
50,000
$785,318
$623,400
22,946
50,000
Total charges......................... ..$450,800
Balance surplus........................... . $390,508
$679,137
$164,910
$696,346
$88,972
Net income.............................
Interest on bonds.........................
Other interest, &c.........................
Sinking fund................................
Makch , ISvS.J
MISCELLANEOUS STOCKS AND
BONDS,
13 9
su b M -rlb e ra w i l l c o n fe r a g re a t fa v o r by g i v i n g Im m e d ia te no tice o f a n y e r r o r d is c o v e r e d In these T a b le * .
" B o n d s —Prtnol INTEREST OR DIVIDENDS,
pa!,When Due.
--------------- : Date Sire, or Amount
lock —Last
Rate peri When Where Payable, and by S s
Par
For explanation of column heading*, Ac. see notes on of
Dividend,
Whom.
Bonds Value. Outstanding Cent. Payable
ilrst page a t tables.
MISCELLANEOUS.
^ '^
or^O O M ^> 7 *ttMeet to call at i i o and toi.o*. j|90
P e n n s y h a rn ia C a n a l —Gen. a., int. guar, by Penn.RR.o . I 8 1 O
4 5
^ lrtanoirtg“ gt,alt&'i‘n|7andI^O.WWyeMly.not d raW c' 1888
P . L o r i l i u r d Co,—Common stoek..................................
Stock, preferred. 8 per cent, cumulative....................
M a t T e le g ra p h Cable Co.—
Stock................-.............
P r o c t e r £ U a m h te.— Common stock-.-,.----.............. ....
Preferred stoek (8 per cent cumulative)......... -.... -First M.. gold, subject to call at 110 after July 1, 1900.C 1890
P u l l m a n Fu la ee C a r - S t o c k ......... ...............................
O u ie k s iH e r M in in g —Common stock........ ....................
Preferred stock.7 per cent,not cumulative
.......
J ta itw a g E q u ip m e n t C o m p a n y o f i t ’ n n e so la .—b t o e k
■
1st Mortgage, gold, 850,000 redeemed yearly at 100 .
_ h od e Is la n d P e r k' in s M orse Shoe— .....*
General (com.) stock..
M
Pi
"
Preferred, "p er cent cumulative............ ................
S t. P a u l C ilg S a ilw a y —S e e T win O n Bawd T basmt .
S o u l K e rn £ A t la n t ic te le g ra p h —Stock (guar. 5 percent).,
s o u th e rn C o lton 00-Stock (85.000.0W autbortied).. ..
S te r lin g I r o n * S ty .— Mort. bonds, iao.,7 p. e., series “B.” .c
Plain Income bonds, 6 per cent.......................... ......e
Sterling Mountain K'y.—1st mort. Income. 7 p. c. guar.
1891
Sept 15,1887
Aug. 1, 1908
July, 1910
Fob. 1, 1893
Nov. 1, 1919
Pittsburg,820 Penn Av, Deo. 31,1892
text.
7.500.000
J . & D. S. Y. City, .Marc. Tr. Co. Deo. 1, 1898
6
171.000
See
3.000.
000 text. F. A A. X. Y „ Baring, Magotm. Feb. 15, 1893
Apr. 1, 1893
do
do
. n.
2.000. 0008 p a n Q.-J.
10,000.000
Yearly. S. Y., A. M. Kidder A Co. Aug. 15,1892
2.250.000
12'
Jan, 15,1893
do
do
2.250.000 8 p. ann. Q.-J.
2,000,000 _
6 ft- J. A J. S. Y., Mercantile Nat.Bk July 1,1940
30,000,000 *8 p. ann. Q.-F. S. Y., Farm. L. A Tr. Co. Feb. 15,1893
June 1,1882
5,708,700 See text.
S, Y „ Of., 20 Nassau St. June 2,1891
text.
4,201.300
Nov., 1892
996,500 8 per an. M. * S. New York A London.
6 g. J. A I). S. Y„ Maitland, Phelps. Jun'93to 1901
713.000
Co.'s Office, Providence Jan. 14, 1893
1,000,000 See text .
Jan. 14,1893
do
do
1.750.000 7 per an.
§100 §20,000,000 See text
X. Y. Office,
F, A A.
1,000 NoneXov.'92
233 So. 4th St,
J. & J.
2.553.000
1,000
16 p.
5.000.
000 ann Q.—F. Sew York, 1 Broadway.
50
S. Y „ Atlantic Tr. C o.
1.251.000
1,000
6 g. M. A K .
S*
50
1,000
100
100
100
100
1,000
100
100
100
100
‘ioo
ioo
25
100
....
500 Ac
1880
1,000
1876
1,000
1881
DtAKCWrW—The directors are: W. H, Starbuek and C, B. Tedeaatle,
of New York; P. H. Prince, of Boston; C. A. Doipb, William M, Ladd,
Seattle, Wash. W. H. ritarirack. President; C. A. Dolpb, Vico
dent; C. J. Smith, General Manager. New York office. No. 22 William
Street, {V. 54, p. 288, 48 4. 643, 1043; V. 50, p. 42. 331-1
P ac ific .Matt -Steamship.—The transcontinental railroads gavi
to this steamship company a »sitMidy of §75,000 minimum pec month
but tbs was discooUamsf in 1892, neoeswitatJog a termination of th
>
arrangement with the Panama RR. C«.-~whk>h see. In year 1891-92
two vessels were fnSnilt and two new ones constructed. Ail the compatty's available funds and it» earnings for dve or six months of 1892-93
have been applied to these object*.
Bovr>A—Tin- mortgage fur §5,000.000 was authorized fur rooon
kiructlbs o f 3ec4 on the Chin* line; Trustee is Central Trust Co, The
mortgage severs all the company's franchises, shares of stoek In the
Chinaa . 8. Co. limited, and other property, red or personal. Including
tteprtaeutfleetof vessels and seven vessel* to be f-onstru,-Um aubse
I
qaeut to the making of the mortgage, and ail other property acquired
with the in-oneed* of the i.-onds. As a sinking fund for the first §3,
000,600 Of bonds td bn Issued. 3100.000 is to be paid to the trustee
each Feb. 1 »nd Aug. 1, and upon the Issue a t any W the remaining
§-'.000,000 o f sv'cU a further proportionate ram, »H to be applied to
fee pitrehMe of these bonds at or under 110 and interest or to their re
demption when drawn by lot at 1 10 and interest. The company has
the farther right to redeem any or ®B o f the issue at the same rwe.
D tvm ttM since 1880—Is 1881,3% pot veuk iu 1885, 5; In 1836,1 “
a:
In 1887,1; la 1888 and since, nil.
Axxoai. Ittsr-HX,—Fiscal year end* April 30s report for 1891-92 was
Is CusuMcu, V. 54, p. SSfl.
1888-89. 1889-90. 1890-91. 1891-92.
AllanUo line >
§777,43.5 8663,483 8697,291 8084,470
Panama lines...... ............2,006,8»4 2,180,352 2,262,638 2.363,013
TmnePaeitte Use..... ... 1,201,5-80 942,1-13 J,107.601 1,082.936
Sabstdtr*........................ 100,267 103,000
103.000 193,000
p n ..
ua
N. Y „ West, Union TeL
948,875 5 per an. A. A
From Camden-by eh'ek
4,000,000 See rent.
419.00<1
1
Feb. 1 S. Y., Office, 45 Wm, St.
495,575! ....
Feb. 1
N. Y„ Office, 45 Wm. St.
475,674 I
1
Apr, 1, 1893
Mob. 15,1893
Apr. 1, 1894
Oct. 1. 1896
July 7, 1895
P r o c te r A- fia m b le C o ,—This company was formed in 1800 under
city of Cinrimuitl, together with the 29 factory huUdimps thereon. Of
tbe common stock §1,000,000 is not to receive dividends until 12 per
i cent has been paid on the remainder of the common stock.
Divines us—On common stook—In 1801, August, S percent; In 1S92,
August, 12 per c e n t . ,
Rutxtxos—For year ending Jane 30,1892, uctproflU were §019,629,
(against 8601,031 in 1890-91); deduct Interest on bonds, $120,000;
dividend on preferred stock, $18 0 ,000 ; dividend (12 per cent) on
common stack, *270,000: balance carried to surplus fund. $49,908;
total surplus fund July 1, 1902, §250,000. See V. 55, p. 298; Office,
Ctnctnuati.
P u llm a n ’ * Palace Car Co.—Th« *t<sekh;ts been increased from
time to time to provide new capital, ax wanted, and $8,000,000 new
stock was lUtUoriied by stOCkhotucrs October 15, 1891 (V. 53, p. 570),
which l* included in the aramuit tn tattle. Eight pur cent bonds for
*820,006due August 15,1992, were paid in cash at maturity,
DivtbKStM rtnoe 1976—From 1977 to 1890 Inclusive, 9 per cent; from
1891 to 1893 iaultvdve. »ta: from 1884 to February, 1903, both Inclu
sive, at the rate of » per cent yearly.
A y n v x t RxPOHflf,—Fiscal year cud* July 31, Report for 1891-92,
with balance sheet, wo* tn V. 55, p. 078, showing the following:
I'Aii 90. 1890-01.
1801-92.
turning* (leae-d line* Included). ...*7.473,130 *7,871.146 *9.061,081
Patent rayattb'*, rnanof, protlu, Ac. 1,307,825 1,901.178
1,941,275
Total rei'enue.
............. *8,960,961 §9,772,324 $10,002,836
Operating expense*...... ...........*3,274.005 $ 3 , 569,081 *Sf,43 ..
947,5
Paid other slt-epitig-cur -.. -,aU;u; ". 1,022,625 1,00:9,324
65,0 .
Coupon Interest on bond*...........................
65,600
Dividends on capital stock............. 2,000,000 2,000,000 2,300,000
Repairs of cars to excess of (Mileage............. .
139.490
Interest acid dividends.....
32,138
17.094
33.463
25.7.".<
100,000
..........
MUcrUati-wus..................
42,743 133,591
94,578 149,111 Contingency account...... ........ .....
Total disbursements................ $0,402,830 $0,783,101 §6,751,067
Total........................ $-1,1(11,057*4,<«».«0* §1,298,571 §4,400.262
% xpeases,...............
£660,162 3,555.118 3,495,690 3.088.O5S Net result....,..............................$2,398,131 $2,089,223 $3,200,380
New York office, 15 Broad *troet.-iV. 51, p. 494, 535, 570, 719; V.
Netcarolng*............... §491.805 8510.350 §*02,921 *731,207 53, p. 570, 001, 039, 678 ; V. 30, p. 42, 71.)
U o u b io m o r , OrmrtM—
Colli* P. Huntington. Henry Hart, Isaac
Q u icksilver Tuning,—Own*(piickslivermines at Now Almadcn,
E. Oates, Calvin 8. Brio*, Samuel Thomas, Jay Oould, Russell Sage; Cal. The preferred stock I* entitled t« 7 i< cent per annum, non*-r
G»i, J tjmitd, I'n-vldeot; J. B. Houston, View-President: William II cumulative, and any -orpin* goes to tbe oommon and preferred equally.
Lane, Secretary ; jo*. Heiien, Treasurer, Office, Mills Building, New Fiscal year cuds April 30.
York titty.—
tv. 53, p. 608. 804; V. 54, p. 906; V. 55, p. 297, 374.
Th following table shew* the result of "poraUnna > f this company
>>
723, 806, U l l ; V, Mi, p. 373,1
for the past 0v», year*, the total quicksltver production of California
Pennsylvania Coat.—Dividends since 1940— 1891,13 per cent; having Jecrca-4-d from 33,760 liiPik* in 1887 to 22,904 flask* In 1891.
in
Bunt 1982 to FeUnttry, 1-893, Inclusive, ut rate ot 1ft per ®ent yearly, See V. 54, p. 307.
Quicksilver, Value
Total
Total
Flasks
A sjwdll divUleiul o t 12 per cent
paid in ®«e«niber,: IS92.
value,
perliitak. earning*.
proBt.
produced.
IV orla W ater.—Own* water works at Peoria. Ill-, purchased from Year.
*771,389 10 $34 72
$825,793 $345,411
1887........... 20,000
She city in 1980. os; the agreement that they should he enlarged and 1983.......... 18,060
078,143 61
3707
099.517
113,741
improve*!. see full statement In Ci!U;>MCt.K. V, 52, p. 305. The inert- 1489............ 13,100
575,757 00
1 95
3
595,004
104.059
gag*- is l o t §2,0)0,000, and id the bonds *299,000 ate held to retire 1890............ 12,000
020,007 90
5100
098,010
281,535
• ’.ike amount o t city water bonds, stock, $1,000,000: par, §100. IV. 1891
321.718 19 3900
- --------... 8.200
341,179 def.57,523
54, p. tffiS.i
D ividends—O n comm on, iri 1891,2*4 per c e n t; In 1392,
nothing
Ph ilad elp h ia Company.—In 1947 the Cliartb rs Company was
Ou preferred—In 1891, 9Q; hi
iea*M for w year* at a rental which is now 2 14 per c e n t of Phlladfil- since. 1395, nil; in 1886, 2%: in 1437, '1882. 6; in 1883, nUd’i" ISS-T,
3; In
3; In 1989.Oh; in 1889,3; in
phi* Company's net earnings monthly. TU»* Philadelphia Company 1890. February, 3. lb,: May 1, IQ ; August 1. 1Q-, In 1991, Jan. 2,
ennWcia tbe natural te ta prodncfSon abewt Ibttsburg and vicinity, t*»: June 2. 1Q. Now York office, 20 Nassau street. (V. 47, p. 49; Y.
owning or teabag 40,582 acres gas territory and 697 miles p t pipe*.
In >-or ending March 31.1492. grows earning* from g »» void. *2,227,. 40, p. 50; V. 54, p. 3tt7->
ItntHvny Equipm ent Company o f TIInnesota,—^ wns equip
O
453; 4l*|M
*Se«!
diviilmd.# reec'lv**4t % " Z i h total
ofNKr^tlost
in tim m t, i f ? e t c . , ipsil,* ment c itin g over §1,500,000, which Is loosed to the Chicago 86. Paul A
JOS; sondj anil accoaulsi p m .
new tin .«*.*, icm well*, etc., Kansas City Railway Company at ft rental which Is to bo more than
i; baianee. surplus. §713,994. DiVI sufficient to pay the Interest on the bonds, to retire $50,000 bond*
nitvfo. -The January. 1491. and suboespleni dividends were passed, yearly at t»»r and to redeem the balance of the issue nt maturity in
1901. Lessee is to keep the property In repair, Stock paid in $996,500.
but to 1892, p ud t hi per cent- -|V. 54, p. 1008,1
Dividend—3
f*. Lwrtllard
Incorporated under lews of New Ter CtiKoMCi-E ofper cent paid November, 1992, 8o« advertisement in
July 19.1891.
ney July t , ! - . for the purpose of carrying on the tobacco business of
lilio d c Is la n d - P c r itln s H o rs e
M lio e C o m p a n y . — O T h lv g tX tP. Lerulnrd A Co. in Jersey City. Dividends on preferred In 1892.
ft pec eetrt-j -1« 18»3. ianr;ar>. 2; April, 2 per rent. On etmirmm vios. -Manufiactnre* horse shoes and too cnlk-s at Valley Falls, R. L, 8
mile* from Providence, Commenced business in 1874 anu incorporated
t» 1892, 16 per cent; In 1893, February. 5 per cent. For
year 1861-92 ant pruflta applteabp* to dividend.* were *196,313; paid a* a joint-stock company July, 1991, under laws of New Jersey.
on preferred, 81 *.o,0*X>; on ........a. *130,006; balam siirpl«a,$t «<
*T"' K.—After payment of 7 per cent per annum on the ctnmilative
3i3. See report, V.
p. 373. Net prodts were rerwirtrd for 1-937 prderred the common -fork Is to receive up to 10 per cent; after that
*758.558; 1,984, *235,377; 1889, *380.750; IfttF). #559.!»60. Main noth share pro rata.
cffieA Jersey <tty, N .1 Baring, Magcttn A t o.,Transfer Agents. fV.
.
Eakshkos,—in year ending June 30,1892, net overall expenses, $316,53, p. Oil; V. 35, p, 373.1
902; -orpins after dividends, §94,40 •. In 1890-91 net. $268,960; In
FtsaVal Telegraph Cable,—This company Is *nre«*w>r to the '89 90, §205,448. For years 1
887to 1801, inclusive, net earns, averaged
w »W Telegraph CSaropany and Postal Tricarapb A Cubic Company. 1 §262.054 73—an amount sufficient to nay HQ percent on the prof, and
The 01J bond* to'-4 new stock for 35 per cent of their face, and the old ' 11Q per <-t on the common stock, leaving a surplus. Stock listed cm N.
stork r, per sent of It* ainoonlin new. Force-loanrc suit begun by Farm- j Y. Exchange In December, 1892. See advertisement in Cbboniole ot
ers" Low A Trust Corupany Noverolwr, 1893, and -sale took place Janu November 28, 1992.
ary 15.1380. StiKjk increased in 1390 to *10,000,000 for franchises. c.v- I DtvtDXXD*. —
On preferred 7
per
tensions, Ac. In January, 1893, it was reported that the Coramerclai July. 1492, 10 percent; In Oct.,per cent1393,annum. On common, in
2Q; In
January, 2Q.
w t«n T*Jegr*ph-Company's lines had been teased fur 99 years at tl
DlnicToi;*.-- F. W. Carpenter. R. IV. Comstock, C. H Perkins, O. P,
per rent on stock, V. Art. p. 4 3 , A. I’.. Chandler, Pi - sklent. New York.
,
—<V. 49, p. 633, V. SO p. 423, 703. V. 52. p. 230; V. 56. p, 43, 336, Wei more, O. L Hoyt, i f. C Larm-d, F. B. Perkin*. President, F. W.
,
Caris-Iiter, E-'i., Providence. K. I. Transfer Agents, Maitland, PUolpe
V. 55. p. 1036.
r » w c h f c e e p a * « B r i d g e C n . — ' « ! P W l t A O R i . f l l U B k U r f S O A S E W j A Co., New York.
Bwot.atrb KK, amongst •• Railroads
8t. P a u l C ity 14*11 w a y , —flE » T w ix G irr R a p ik TRAitarr.
INVESTORS’
160
SUPPLEMENT.
I Vol. LVL
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n tlie s e T a b le s .
MISCELLANEOUS.
For explanation of column headings,
first page of tables.
& see notes on
c.,
Sund C C l— M„ g., s. f., sulij. to call at 105.o*
ay reek oa 1st
Tenu. Coal &E R.—Tracy City 1st and-2d mortgages—
Consolidated mortgage.............................................
8outli Pittsburg Purchase, 1st mortgage.....................
Alice Furnace Co., Alabama, 1st mortgage............... e'
Pratt Coal & Iron Co., Ala., 1st M., s. f., not drawn....c*
Birmingham. Al«a., Div., con. M., g., s. f. 1%, not d’rn..c*
Tennessee Div. bds, gold, s.f. l 1 % yearly, not dr’n.. .cx
^
lie Bard. 1st M.,gold, guar.,8.f.$30,000 y’ly, not dr’n.c*
Cahaba 1st M., gold,guar., s. f., subject to call at 110.c^
Term R
inal ailroad A
ssocia —First mortgage, gold.. .c"
tion
St. Louis Bridged! Tun. 11K. 1st pref. stock, guaranteed.
2d preferred stock, guaranteed.................................
1st mortgage........................................................ cx
Tunnel Railroad of St. Louis, stock, guaranteed..........
T sV c. Land Tru “Certificates of propriet’y int’st” .
exa a
st—
Third A
venueB O Y.)—
y. f.
Stock, $7,000,000 authorized..
1st mortgage, gold.....................................................c
T om -H stoh Electric.—S e e G e n e r a l E l e c t r i c .—
h son o'u
Thurher-W y —Common stock for $1,500,000 ..........
h land
Preferred, 8 per cent cumulative................................
B d —Prill ci on s
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due*
Amount
Par
of
Rate per When Where Payable, and by S
tock —Last
s
Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
1892
1879
1881
1882
1882
1883
1887
1887
1890
1892
1889
1879
....
1887
$1,000
100
100
200 &c.
1,000
1,000
1,000
1,000
1,000
1,000
500 &c.
1,000
1,000
100
100
1,000
To
o
100
1,000
100
100
S ilv e r B u l l i o n C erti ftcates. — The silver bullion certificates
dealt in on the N. Y. Stock Exchange represent each 1,000 ounces of
fine silver bullion deposited with the Mercantile Safe Deposit Co. of New
York City. They are subject to a storage charge of one cent per day per
1,000 ounces. On Nov. 22,1892, the Safe Deposit Company reported
In its possession in trust for outstanding certificates 1,459,000 ounces
of silver bullion.
S o u t h e r n C o tto n O il.—This company is organized under the laws
of the State of New Jersey, and owns eight crushing mills in as many
cities of the South with an aggregate capacity of 1,600 tons of seed
per day; also owns 6 refineries, etc. In 1889 paid 12 per cent on stock,
in 1892, March, 2 ^ per cent; June, 2^; in 1893, March, 2 . See state
*2
ment to New York Stock Exchange in full in C h r o n i c l e , V. 49, p. 404.
President, Henry C. Butcher. Office, Camden, N. J.
S o u t h e r n & A t la n t ic .—Lines leased to Western Union and stock
guaranteed by the rental, 5 per cent per annum.
S t e r lin g I r o n & R a i l w a y . —The property of this company, in
Orange County, N. Y. (and a few acres in Rockland), consists of 25,000
acres of land, with furnaces, &c., having a capacity of 15,000 tons of
pig iron per year and 7 ^ miles of railroads, houses, &c. The company
endorses the $471,674 bonds of the Sterling Mountain Railway. Stock
Is $2,300,000—par, $50, New York ollice. 45 William Street, New York.
S u g a r T r u s t .—S e e A m e r i c a n S u g a r R e f i m n .; C o m p a n y .
S u n d a y C ree k C o a l C o m p a n y o f C o lu m b u s , O h io .—O r
g a n i z a t i o n , P r o p e r t y , e t c .— An Ohio corporation for mining and
marketing mineral coal, manufacturing coke, etc., its property con
sisting of about 14,000 acres of coal lands in Perry and Athens coun
ties, Ohio, with improvements thereon, including houses, also dock
property at West Superior, Wis. Has in active operation four mines,
having a capacity of 4,000 tons of coal per day.
S t o c k .—Preferred stock, $1,500,000, entitled to 5 per cent per
annum, paying 3 per cent per annum, last semi-annual dividend Feb.,
1893, l 1 per cent; common stock is $2,250,000; par, $100.
^
Operations .—Output has been—In 1888,585,103 tons; 1889, 581,501 tons; 1890,557,458 tons; 1891, 619,988 tons ; 1892, 648,172 tons;
Net income for 1892, after paying taxes, about $97,000; interest, $24,000. Average net earnings per annum for last five years about $78,000.
interest charge will be $24,000.
B o n d s .— The bonds are issued for refunding and for purchase o f docks
at West Superior costing $182,000. They are a mortgage on the entire
property, valued at $1,250,000, and have a sinking fund of 2 cents per
ton on all the “ royalty” coal mined after the 1st of January, 1895.
Stockholders are also individually liable under the laws of Ohio for
debts of company equal to par value of their holdings. N. Y. Ottice, 2
Wall Street.
T en n e ssee C oat I r o n Sc R a i l r o a d C o m p a n y .—This company
owns blast furnaces, coal mines, iron mines, foundries, &c., and coal
and iron lands in Tennessee and Alabama. The total area of mineral
lands and rights owned by the company in 1891 was 208,323 acres, of
which 81,998 acres are in Alabama and 126,425 acres are in Tennessee.
Of the latter 58,135*5 lie in Cocke and Green counties, in the eastern
portion of the State on the borders of North Carolina. See a full state
ment of the property in V. 44, p. 245.
On Dec. 19,1892, the Cahaba Coal Mining Company was absorbed,
its property consisting of some 44,000 acres of coal and iron lands
situated in the counties of Bibb, Shelby and Jefferson, Alabama, with
an output of about 800,000 tons of coal per annum. V. 55, p. 60, 463.
An amalgamation with the De Bardeleben Coal < Iron Company was
fc
consummated in September, 1892. The separate corporate existence
of the De Bardeleben Co., as also that of the Cahaba Company, is main
tained, but for legal purposes only, both properties being operated as
an integral part of the Tenn. C. & I.
The De Bardeleben Co. brings to the Tennessee Co. 150,000 acres
of valuable coal and iron lands in Alabama [including 93,199 acres
owned in fee simple and 43,856 acres of mineral rights, balance being
surface rights, water rights, etc.], seven new furnaces, all constructed
in the last four or five years, with a daily output of about 700 tons, six
coal and six ore mines so far developed and in active operation, with a
daily output of 3,000 tons each; about 20 miles of railroad with proper
equipment, 1,100 coke ovens, about 1,000 buildings from which annual
rental is received. The net earnings of the De Bardeleben Co., as shown
by its last annual report, was about $475,382, while its fixed charges,
Including interest on its bonds and sinking fund were $232,971. See
V. 54, p. 447, 486, 1011. Mr. T. C. Platt resigned presidency of the
Tennessee Coal in 1893. See V. 56, p. 465.
S t o c k . - Common stock authorized, $20,000,000. The amount out
standing was increased by $10,850,000 in 1892 to purchase the De Bar
deleben, Cahaba and Excelsior companies. (V. 55, p. 463.)
D i v i d e n d s .—On common in 1887,1 per cent, and none since. On pre
ferred in 1889, 8 per cent; in 1890, January 1, 2%; the remaining 1U
per cent being taken by State as tax under law now repealed.—(See V.
50, p. 72); in August, 1890, 4; in 1891, 8; in 1892, 8; in 1893, Jan., 4.
B o n d s .— The two Issues, known as the Birmingham Division and
the Tennessee Division bonds, are each a lien on their own prop
erty, as described in the mortgage, and a second lien on the property of
the other division. The total authorized issue of the Birmingham
DIv. loan is $5,000,000 [of which $540,000 bonds have be*n cremated]
and of the Tenn. Div., $1,400,000, of which $85,000 are in the sinking
fund. The Tracy City 1st and 2d mortgage 6s and the consolidated 6s
due in 1901 are all exchangeable at par for bonds of the Nashville
Chattanooga &St. Louis Railway Company held by the Central Trust
Company. The De Bardeleben bonds for $3,000,000 when fully issued
will constitute the only mortgage debt on that property. They were
assumed by the Tenn. Coal & Iron, under terms of purchase.
$400,000
19,850,000
1,000,000
148,000
29,000
120,000
300,000
675,000
3,490,000
1,283,000
2,940,000
1,000,000
7,000,000
2,490,000
3,000,000
5,000,000
1,250,000
9,193,500
6,000,000
5,000,000
6 g. J.
& D.
N.Y.8.D.Davis&Co40W Dec. 1, 1912
J. & J. N. Y., 4th Nat. Bank.
A. & O. N. Y., Mechanics’ Bank.
M. & N.
do
do
F. & A. N. Y., Fourth Mat. Bk.
A. & 0. N. Y., Mechanics’ Bank.
M & N.
.
do
do
J. & J. N. Y. Hanover Nat. B’k
A. & O. N. Y.,4th National Bank
F. & A. N. Y., Hanover Nat. B’k.
J. & D. N.Y.,4th National Bank.
A. & 0. N. Y., Drexel, M. & Co.
6 per an. J. < J.
fc
do
do
3 per an. J. & J.
do
do
A. & O. New York and London.
7 g3
,T & J. N. Y., Drexel, M. & Co.
.
Jan. 16,1895
Apr. 15,1894
Nov. 1, 1901
Feb. 1, 1902
1893-1902
Nov. 1, 1903
Jan. 1, 1917
Jan. 1, 1917
Feb. 1, 1910»
Dec. 1, 1922
Oct. 1. 1939*
Jan., 1893
Jan., 1893
Apr. 1, 1923
Jan. 1, 1893.
See text. M. & N.
New York.
5 g. J. & J. N. Y.,Farmers’L. &Tr.Co
Nov., 1892
July, 1937
8 per an.
6
6
6
7
7
6 g.
6 g.
6 g.
6 g.
1,000,000 See text. Feb.
N.Y.Office.116 ReadeSt,. Feb. 23, 1892
1,500,000 8 per an. F. & A.
do
do
Feb. 23,1893
L a t e s t E a r n i n g s .— From Feb. 1 to Nov. 30, 1892, estimated, n e t,
$761,300, against $561,500 in 1891; surplus over charges $229,300,
against $201,500; Bessemer Division (De Bardeleben Coal &Iron Co.)
being included only in 1892.
A n n u a l R e p o r t .— Fiscal year ends January 31. Report for 1891-92
in full in V. 54, p. 844. Reports have shown a-s follows :
1888-89.
1889-90.
1890-91.
1891-921.
Coal, output, tons .. 1,375,577
1,619,020
1,583,170
1,776,885
Coke,output, tons... 456,605
509,906
498,014
521,729'
Pig iron,output,tons
200,750
264,648
260,378
290,220
Iron ore, output,tons
126,271
124,574
109,508
117,160
Total net profits..... $666,092
$781,300
$663,890
$692,071
Interest on bonds...
322,291
351,484
355,956
351,19a
diseell. interest, &c.
14,406
22,243
18,033
8,885dividends...............
40,000
80,000
80,000
80,000'
Totl disbursem’ts. $376,697
$453,727
$453,989
$440,078'
Balance, surplus.... $289,395
$227,573
$209,901
$251,993
N. Y. Office, 49 Broadway.—(V. 54, p. 410, 447, 486, 801, 844, 8 5 1,
968, 1011; V. 55, p. 60, 257, 463, 551, 810; V. 56, p. 247, 403, 465.)
T e r m i n a l R R . A s s o c ia t io n o f St. L o u i s .—This company ac
quired October 10, 1889, the leases of the St. Louis Bridge and the
Tunnel RR. of St. Louis, and purchased the properties of the Union
Depot Company of St. Louis, and of the Union Railway A Transit Com
panies and Terminal Railroads of 8t. Louis and East St. Louis. It is
composed of the following proprietary companies, which are the sole
owners: The Cleveland Cincinnati Chicago &St. Louis, Louisville &
Nashville, St. Louis Iron Mountain & Southern, Ohio & Mississippi*
Missouri Pacific and Wabash. These companies have agreed unde?
contract to use this property forever and to pay as tolls a sum intended,,
under ordinary circumstances, to be sufficient to provide for interest
on these bonds, in addition to ta*tes, rentals and other charges, and if,
owing to any temporary unforeseen circumstances the net carningsshould not be sufficient to meet the fixed charges, each line will con
tribute its proportion to the extent of one-seventh of $1,000,000 to
make up any deficiency. Capital stock, $1,441,200.
L e a s e s . — The leases of the Bridge and the Tunnel are for terms o?
corporate existence, and were made July 1,1881, to the Missouri Pacific
and the Wabash, bv which companies they were assigned to the present
association. Under the lease the lessee guarantees 6 per cent on theBridge Company’s $2,490,000 first preferred stock, 3 per cent on it3
$3,000,000 second preferred stock and 6 per cent on the Tunnel Com
pany’s $1,250,000 common stock. The Bridge Co’s. $2,500,000 common
stock was held by the Mercantile Trust Co., with power to vote on it.
B o n d s , E t c . —The mortgage of 1889 (trustee, Central Trust Company)
was described in advertisement in C h r o n i c l e of February 13,1892.
On January 1,1893, there were $527,083 real estate notes outstanding.
A n n u a l R e p o r t .— Year ends December 31. Report for 1892 in V*
56, p. 462, showed:
Tear.
G
ross
earnings.
N
et.
earnings.
O er
th
incom
e.
Fixed
ch rges.
a
Surplus.
1892 ....... $1,908,001 $1,050,465 $142,375 $1,006,322 $176,518
1891 ....... 1,756,430
938,477 123,665
941,902
120,241
In 1892 out of surplus were paid: improvements, $60,011; interest
on real estate notes, $26,493. (V. 52, p. 680; V. 54, p. 277, 289, 444*
485 ; V. 56, p. 462.)
T e x a s P a c ific L a u d T r n s t .—The certificates of this Trust repre
sent the ownership of the lands formerly belonging to the Texas & P a
cific Railway. The trustees of the land trust are Messrs. Charles J.
Cauda, Simeon J. Drake and William Strauss, of New York, and the
lands received consisted of 3,450,642 acres and also $899,731 secured
by purchasers’ contracts. On Jan.l, 1893, there remained to the trust
3,360,667 acres of land, $376,270 deferred payments and $220,592'
bills receivable. Cash, $3,256. The liabilities w ere: Proprietary cer
tificates, $9,193,500; outstanding Texas & Pacific Railway, Eastern
Division, land securities, $342,884; due Central Trust Co., $68,000;
vouchers unpaid, $17,349. In 1892 there were sold 7,944 acres and 6(>
town lots for $24,413, against sales of $49,488 in 1891. Rentalsreceived from grazing lands, $19,658. See description of lands in V.
47, p. 344. New York Office, No. 11 Pine Street.
T l i i r d A v e n u e R a i l w a y , N . Y , —This company owns a street
horse railway from Park Row, New York City, via Third Avenue, to the
Harlem River, 8 H miles; and a cable road from Manhattan Street*
North River, to 125th Street, Harlem River, with branch 5% miles;
total, 14 miles double track. A cable is being laid ou the Third Avenue
line, and an increase of stock from $5,000,000 to $7,000,000 was
voted on January 18, 1893. See V. 56, p. 128. Paid dividends of
eleven per cent in 1889 and of 12 per cent in 1890 and 1891; in May*
1892,4; Nov., 3. In year ending Juno 30,1892, gross earnings were
$1,741,072 ; surplus over interest, &c., $318,096, against $351,413 in
1890-91; dividends, $240,000; surplus, $78,096,—(V. 53, p. 59, 714;.
Y. 54, p. 965; Y. 55, p. 461, 723, 857 ; V. 56, p. 128.)
T lt u r b e r - W H y la n d .—Organized 1890 under the laws of the State
of New Jersey to take over the entire property and to carry on the
business of the firm of Thurber,Whyland & Co., manufacturing, import
ing and wholesale grocers and dealers in general merchandise. See
V. 52. p. 121. Complete statements of earnings are published semi
annually. Average net profits of the old firm for ten years ending
January 31,1892, were $220,084; net profit for year ending February
4, 1893, $207,361, against $210,942 in 1891-92. D i v i d e n d s .— On
preferred from August, 1891, to February, 1893, both inclusive, 4 per
cent semi-annually (8 per cent per annum). On common stock—In
1892, February, 8 per cent (annual). In February, 1893, no dividend
was paid on common, the balance for 1892 ($87,361) after payment on
preferred being carried to surplus account. Office, 116 Reade St., N. Y j
MAP OF T H E
TWIN CITY RAPID TRANSIT CO
COMPUIS [SO TUB
MINNEAPOLIS STREET RAILWAY <’0.
.MINNEAPOLIS, I.YN'OALK A MINNETONKA KV. C .
O
ST. PAI L CITY RAILWAY ( 0.
O H O S T O N 'E
MISCELLANEOUS STOCKS AND BONDS.
U ffff N rt
•0 V
1
Kallromis
fort
161
Electrie A Cubic Lines
Proposed
163
INVESTORS’
SUPPLEMENT.
[VOL. LVI,
S u b s c r l b -rs w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
MISCELLANEOUS.
For explanation of column headings, &c., see notes on
first page of tables.
Trentoil Potteries.—Common stock.................................
Preferred stock, 8 per cent cumulative........................
Trow[>irectoryPrinting < B
£ ookbinding—Stock common.
Preferred, 8 per cent cumulative................................
Tw C R
in ity apidTransit—
Stock ($20,000,000 authorized)
Date
of
Minneapolis St. R’y Co. 1st M., gold, red. yearly at 105. 1880
Second mortgage, gold....................................... c*&r 1883
First consolidated, gold......................................c+«fe 1889
r
St. Paul City Railway Co., 1st consol, mortgage, gold... 1884
Cable consol., M.,gold,guar.by Twin City Rap.Tr.Co. c* 1887
Debentures, gold...................................................... 1890
U Ferry— M., gold, red. at 110 after Nov. 1,1895. 1890
nion
1st
U
nited S 'es B
ta ook—
Common stock................................
Preferred (as to assets and earns.) 8 p. c. cumulative.....
1890
1st mortgage, for $1,000,000, gold...........................c
U ited S te E ress—Stock...........................................
n
ta s xp
U
nited S tesR b ei'—
ta u b Common.....................................
Preferred (as to assets and earnings) 8 p. c. cumulative
W Fargo < C . E ress—Stock...................................
ells,
£ o xp
W
estern Union T
elegra h Stock....................................
p—
Real est. bds.,g., (lien on W.U.Bldg., N.Y.C.)s.f.(not.dr.). 1872
Debentures (if drawn, surrender is optional)......... c & 1875
r
Debentures, sinking fund 1 per cent, drawn at 100— c 1875
Collateral Trust bonds............................................. c* 1888
INTEREST
Size, or
Amount
Par
Outstanding Rate per When
Cent. Payable
Value.
$100
100
100
100
$1,7 50,000
1,250,000
750,000
750.000
15,000,000
1,000
380,000
1,000
600,000
1,000
4,020.000
1,000
080.000
1,000
2,986.000
1,000
1,000,000
100&C.
2,200,000
100
1,250,000
100
2,000,000
600,000
100
10,000,000
100 13,481,100
100 12,942,500
100
6,250,000
100 94,820,000
1,214,000
1,000
1,000
4,920,000
£100 &c
821,066
1,000
8,262,000
T r e n t o n P o t t e r ie s C o m p a n y .—Or g a n iz a t io n , E tc .—Incorpo
rated under laws of New Jersey in May, 1892, to tak^ ov r and con
tinue til - business of tiv • Tr nton, N. J.. pottery companies which
vpr-1then supplying, it was said, about 75 p r cent of th * country’s
total output of sanitary plumbing w a r », togrtli r with some toilet and
tabl* ware. R e a l E s tate , buildings, machinery, etc., so acquired in
fee simple w-i*' apprais d at $866,000; m rcliamlise, cash in bank,
» tc., at $524,000. St o c k .—Pr furred stock has preferential lien upon
all the prop rty and assets. No bond or mortgag • can b • cr »ated with
out cons-nt of 90 per cent of preferred stockhold -rs. Company started
without liabiliti s of any kind. D iv id e n d .—On commo i stock in 1893,
February, 5 per cent.
A n n u a l R e p o r t .— Fiscal year ends December 31. First report (for
7 months to December 31,1892), was in V. 56, p. 288, ana showed
*$
net earnings, $216,534; expenses of administration. $11,435; dividends
(4 p< r cent on preferred and 5 on common), $137,500; balance, surplus,
$67,599. N e t P r o f i t s of th i corapani s in 1891 were $401,000,
average net profits for thr e years 1888-1891 were $314,573. Profits
for 1891 equaled 8 per c nt on pref rr d and 16 per c nt on common.
See advertisement in C h r o n i c l e June 11, 1892. A. M. Kidder & Co.,
18 Wall Street, Fiscal Ag' nts. (V. 56, p. 288.)
T r o w D ire c to ry P r i n t i n g < B o o k b i n d i n g . —This company
fc
was organized in 1891 under the laws of the State of New Jersey to carry
on the business of the Trow Directory Co., which was established in
1786, and of Trow’s Printing & Bookbinding Company, established iD
1826—two companies heretofore conducted separately. The parties in
interest in the old companies and their associates retain the ownership
of $500,000 of the common stock. There will be no mortgage on any
of the property unless hereafter ordered by a vote of 90 per cent of the
stockholders. The registrar of the took is the Central Trust Company.
The average net profits of the two concerns for the five years ending
December 31,1890, after providing for cost of materials, labor, cost of
renewals and repairs, etc., as determined by public accountants, was
$132,282. Profits for 1890 were$143,736. See advertisement in C h r o n
i c l e of July 18. 1891. Q larterly dividends of 2 percent (8 per annum)
were paid on preferred stock regularly until 1893, when on account
® f certain uncollected claims the February dividend was omittsd.
Robert W. Smith, President, New York City.
T w i n City R a p i d T r a n s it .— (S M .)—This company, with a
ee ap
capital of $20,000,000, of which $15,000,000 has been issued and
$5,000,000 is still in the company’s treasury, owns, controls and oper
ates, under exclusive charters, all the street railway lines of the two
cities, Minneapolis and St. P a u l; the original compnn es being known
as the Minneapolis Street Railway Company, Minneapolis Lyndale &
Minnetonka Railway Comp my, and the St. Paul City Railway Com
pany. The above includes also the exclusive right to operate street
cars between the two citi s.
The entire system now consists of 211 miles of standard gauge road,
of which 200 miles is electric and 11 miles cable, all of which has been
recently built or rebuilt, and thoroughly equipped. A double track elec
tric line, 9 miles long, connects the business centres of the two cities.
B o n d s .— The Minneapolis Street R’y Co. jointly and severally w ith
the Minneapolis Lyndale & Minnetonka Railway Company has issued
$o,000,000 (which includes $980,000 held in trust by the Farmers’ Loan
A Trust Company to redeem the $980,000 prior lien bonds) 5 per cent 30vear first mortgage and first consolidated mortgage gold bonds under
a mortgage limited to $5,000,000.
The St. Paul City Railway Company has issued $4,203,000 5 per cent
50-year cable consolidated bonds (including $680,000 held by the Farm
ers’ Loan &Trust Company, trustee, to redeem the $680,000 prior lien
bonds above) under a mortgage limited to $5,500,000 bonds. Under
the mortgage these bonds can only be issued against the actual cash
cost of construction, under a mileage limit of $15,000 per mile. These
consols are endorsed with an unconditional guaranty of princiDal and
interest by the Twin City Rapid Transit Co.
The St. Paul Company has also issued, under a mortgage subject to
the above, $1,000,000 gold debenture 6 per cent 10-year bonds.
A c c o u n t s , e t c ., P a y a b l e . - O u January 1, 1893, the Minneapolis
Street Railway < orapany bad outstanding notes and accounts payable
aggregating $1,296,350, of which $391,967 were bills payable; current
assets, $4o7,944. on same date tlie St. Paul Company had notes and
accounts payable of $1,229,515, of which $921,456 were bills payable;
current assets, $176,791. There were also outstanding mortgage notes
of the Minneapolis Company lor $101,000 and of the St. Paul Company
notes for $17,500.
A s s e t s .— 1 he assets of the oompany, as shown by the last annual reT
th? franchise or right of way) is $14,093,232, of
which $2,556,906 is real estate.
A n n u a l R e p o jit — Report for 1892 in C h r o n i c l e V . 56, p. 461
showed results on the entire property as follows:
See text.
8 per an.
Q .-M .
See text. Q .-F .
7
6
5
6
5
6
5
g.
g.
g.
g.
g.
g.
S
-
|
Ponds—Princi
pal,When Due,.
Whom.
Dividend.
N. Y., A. M. Kidder < Co. Feb. 1, 1895
fe
do
do
Mch. 10,1895
New York.
M. & N. N.Y., Farm. L. & Tr, Co.
M. A N.
do
do
do
do
Jl5«fe Jl5
A.
O.
do
do
do
do
J154’ Jl5
M. & N.
do
do
M .& N. N. Y., H. B. Hollins.
See text.
Nov. 1,
Nov. 1,
Jan. 15,
Oct. 1,
Jan. 15,
May 1,
Nov. 1,
1910
1913
1919
1934
1937
1900
1920
fc
6 g. J. < J. N. Y., Cha.-r.eNat. Bank.
1910
See text. M. & N. N. Y., Office, 49 B ’way. Nov. 15,1892
New
8 per an. M. &N.
New
8 per an. j . & j . N. Y., Office, 63 B’way. Jan. 16,1893
See text. Q —J. N. Y., Office, 195 B ’way. Apr. 17, 3893
7 g. M. & N. N. Y., Union Trust Co. May l, 1902
7
M. & N. N. Y., Treasurer’s Office. May 1, 1909
6 g. M. & S. London, Morton,R.& Co Mch. 1, 1900
5
J. & J. N. Y., Office, 195 B ’way Jan. 1, 1938
U n it e d s ta te * E x p r e s s .—In September, 1887, tlie stock wan In
creased $3,000,000, raising it to $10,000,000, and the Baltimore &Ohio
Express was purchased. Business on the Lehigh Valley system was
acquired in February, 1893. See V. 56, p. 207. Dividends since 1880—
From 1881 to 1887 inclusive, 4 per cent; In 1888, 5; 1n 1889, 5 In
May, 1890, 2: in November, 2; in 1891, May, 2; then none till
November, 1892, 2 per cent. (V. 56, p. 207.)
U n it e d States R u b b e r . —O r g a n iz a t io n and P r o p e r t t —Or
ganized under laws of New Jersey In October, 1892, for the manufac
ture of rubber boots and shoes, etc. Either owns absolutely or per
manently controls nine out of the fifteen concerns then engaged in
this business, including the American Rubber Co. of Boston, the Candee Company of New Haven, the Goodyear Rubber Company of Nau
gatuck, etc.: it will also control three of the other establishments. Real
estate, machinery, lasts, etc., were appraised at $5,055,000; other
assets, manufactured goods, hills receivable, etc., at $6,491,900 See
full application to N. Y. Stock Exchange made in December 1892 in
V. 55, p. 1039.
S t o c k .— Preferredstoek has preference as to assets and earnings,
and no bonded or mortgage debt can be created without consent of
three-fourths of each class of stock. Common is entitled to all surplus
after eight per cent on preferred. Listed on the Stock Exchange in
December, 1892.
P rice o f Sto c k .—Common—In 1892, 38«t@483t; in 1893, to Mch. 17.
inclusive, 42®46hj.
E a r n i n g s .— Avei-age profits for the nine companies for ten years
were $959,499. Total profits in 1891, $1,181,186.
D i r e c t o r s .— Charles A . Coffin, Samuel P. Colt, James Deshler, Rob
ert D. Evans, James B. Ford, Charles R. Flint, J. Howard Ford, Robert
M. Galloway, William H. Hill, Henry L. Hotchkiss, H. B. Hollins.
George H. Hood, Charles L. Johnson, James P. Langdon, George A .
Lewis, Edwin A. Lewis, M. C. Martin, Frederick M. Shepard, Riohard
C. Sibley, J. Edward Simmons, William L. Trenholm, Joliu P. Town
send, Charles E. Thayer, John 1. Waterbury, Samuel N. Williams. The
officers are: President, Robert D. Evans; Treasurer, Charles R. Flint;
Secretary, John I. Waterbury. N. Y. Office, 22 William Street. (V. 55.
p. 1036, 1039.)
W e lls , F a r g o E x p r e s s .—No annual reports or information. In
March, 1888, this company bought the Erie Express of the New
York Lake Erie &Western Railroad Company. Dividends of 8 per cent
yearly have been paid for many years. (V. 46, p. 371: V. 48, p 172.)
W e s t e r n U n io n T e le g r a p h .—Chartered under the laws of New
York State on April 4,1856, with capital stock of $500,000. On July
1, 1869, its capital amounted to $41,063,100, having been increased for
the acquisition of new properties and by tlie payment of stock divi
dends. In June, 1879, a stock distribution of 17 per cent was made of
stock previously in the company’s treasury. On Jan. 19.1881, was dated
the grand consolidation, in which the Western Union raised its stock to
$8O,0OO,OOO, giving par, or $15,000,000, for the stock and bonds of the
American Union, 60 per cent for old At. &Pac. stock in new West. Un.,
and a stock distribution of 48 k! per cent to West. Union shareholders.
A scrip dividend was paid in April, 1886, and in 1887 this scrip con
verted into stock, increasing the company’s capital from $80,000,000
to $81,2 )0,000. which was further increased in November, 1887, by the
issue of $5,000,000 of stock in payment for the telegraph system of
the Baltimore &Ohio Telegraph Company.
In October, 1892, the stockholders voted to increase the stock from
$86,200,000 to $100,000,000, of which $8,620,000 was then paid a»
scrip dividend to represent surplus earnings expended on tlie property.
See V. 55, p. 463, 545, 724, 755, 806, and dividends below.
D iv id e n d s .—I n April, 1886, the quarterly dividend was paid in scrip
and no more dividends were paid till July, 1887, when cash dividends
were resumed at 1 per cent, afterwards increased to 1 '-4 p. e. quarterly.
In January, 1890, anextra dividend of % of one per cent was paid. On
Dee. 3, 1892, a stock dividend of 10 per cent was paid on $86,109,852
stock; in 1893, January, liq per cent in cash; April, I L per cent.
P r i c e o f S t o c k .— In 1884, 49®78k3; In 1885, 53k!®8138; in 1886,
60i8®80k!; in 1887, 67ks®817 in 1888, 703s®86?i; in 1889,
s;
815
8®S83 in 1890, 71%®87; in 1891, 76®8o1 ; in 1892, 82®100%;
4;
2
in 1893 to March 17, inclusive, 92k!®ioi.
B o n d s .—The collateral trust bonds of 1888 (trustee, Mercantile Trust
Company) are issued to retire an equal amount of stock and bonds of
various telegraph and cable companies for the interest or dividends on
which the Western Union Company is liable, these when so retired to
be held as security for the new bonds.
L a t e s t E a r n i n g s .—Estimated m t earnings for the nine months end
ing March 31,1893, com par ■with the actual results in the. same period
^tm9s.
g
N
et.
In
terest. R ta e B surp. of 1891-2 as follows. (See V. 56, p. 414.)
en ls, tc. al.
........... $2,187,580
$824,241 $474,360 $109,315 $240,567
Nine m
onths ending M 31.Actual, 1891-92. Estim.. 1892 93.
ar.
1891.... ...... 1,820,592
..........
..........
N' t r-venue.................
$5,628,037
$5,910,216
Fiscal Agents, .T Kennedy, Tod & Co., 45 Wall Street. (V. 56, p. 4 61.
.
Interest on bonds and sinking fund.......
727,569
730,005
U n i o n F e r ry .-T ills oompany operates Are ferry lines between
N t revenue.................................... $4,900,468
$5,180,211
New York and Brooklyn. Capital stock is $3,000,000: par $100. The
1
<3%%) 3,447,203
mortgage covers all the company’s property, including 10 ferrv- Less dividend.............................. (3 - 4%) 3,232,303
hoats, real estate, etc. President, George w. Qnintard.
Surplus for quarter......................... $1,668,165
$1,733,008
, , « » ? *
B ?,°H C o m p a n y . -A New Jersey corporation Add nominal surplus June 30................ 11,417,741
13,576,127
that in 1890 took over the business of John W. Lovell and other companics In February, 1893, Charles W. Gould was appointed receiver.
Total............................................... $13,085,906
$15,309,135
Bee V. 56. p. 207. Stock listed in June, 1891. As to bonds see adver Deduct stock dividend Dee. 3,1892.....................
8,619,317
tisement in C hronicle of January 9, 1892. New York Office' No 5
East 16th Street. (V. 52, p. 974: V. 56, p. 207.)
Nominal surplus Mar. 31................$13,085,906
$6,689,818
M a r c h , 1883.]
R ATT/RO M )
STOCKS
AND
3 63
BONDS.
su bscriber*, u t i l c o n fe r a g r e a t fa v o r b y g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d In tliese T a b le s .
B d Prineion s—
INTEREST OB DIVIDENDS.
Mf-CF.I.I.iNFOUS
Date Size, or
pal.Wlieo DueLast
axpiaoation of column beading*. Ac., see notes on of
Hit
oimtandLs
peri When Where payable mid by
'
.
Bonds Value. tmiaianaiBfc Cent. Payable
Wkoiu.
Dividend.
8272,550
5,727.450
*50
PtoftopAomt* E lectric d M a n u fa eta r’g . - O h l Com. stock.
Assenting stock................................................... - First preference stock. T per cent. com. (see remarks,.
Electric Light Co. bonds f*o0,000 paid yearly)...
Old scrip t o r d i v i d e n d , , v;
50
50
4.000.
050.000
101.362
'is . S.
c* 1880
1890
105.. w 1880
g h iicb re u M P u d — Common stock.
....
M. * S. X. Y.. 120 Broadway.
.
000 6 g J. & D. Dee. ’91 coup, last paid.
6 g. M, it S.
None jiaid.
1,500,000
5 g. J. & J. X. Y.. Centra! Trust
984.000
780.000 See text Seetext. X. Y., Office, 18 B'way,
do
do
520.000 8 per an. R & A.
6 g. J. ft D. X.Y., Atlantic Trust Co,
480.000
6 Z. .1 St D.
.
do
do
560.000
375.000 ,
5 g. if. A S. X. Y., J. Walker & Sou.
............
5.500,000! ....
..
2,000,000 7 per an. M. «fe X, X. Y . Guar. & hid. Co.
1,000
2.000.
1,000
1.000
100
100
Preferred stock
s r a - i o o w lit! zidd. s. /., 830,000, dm. M U g £ * r .
£
^ iJS S a a s S a « b t ~ *........
I> e. cuiu..
.
jier
000 an. J. ft J. if. Y , Office, 120 B’way Jan. 1, 1893
In 15 years.
....
............
0
1,000
1,000
1,000
loo
100
Sept., 1800
Dee. 1. 1939
Sept. 1. 1940
•Jan. 1. 1919
Oct, 1. 1891
Feb. 1, 1893
June 1 1908
June 1. 1920
Sept. 1. 1915
W h e e l in g I.a k e E r i e * P i t t s b u r g C o at.—Organised Aug.
AVMAL Retort .—Fiscal year end* June 30; report for 1891-92
7, 1888, to work the coal in Jefferson County, Ohio, adiueent to tli*
b at in Y . 55, p. 637.
X888.s91889-90.
1890-91.
1891-92.
W heeling* Lake Erie Railway, by wbicli company it is controlled.
Owns upward of 8,300 acres of cosu and 1m four mir.es in operation,
s
22.387,029 23,081.321 23.7mj.406 each thoroughly equipped. Capital stock la 8 1 ,000,000. of which
Jper ..jp-s,rent.,t’ xes.Ae. 14^05.153 15.074,304 10,428.746 16,307,857 0670.000 Is owned by the Wheeling .4 Lake Erie Rv. Co. There Is a
sinking fund 5 cents a ton for which the bonds may bo culled for pay
S',-: profit*......... .
6.218,011 7,312,725 0,605,585 7,398,547 ment at 105 and Interest. For six months ending Dec. 31,1891, outdividends paid............... 4,309^20 4,956.009 4,309,606 4.309,639 put of real was 302,755 ton.-, and net curnltig* were * 15,960. In
891.218 890.532 year* 189091 coal produced w s 301,757 tons : net Income, *43,415.
a
f t t t » r » t o n lumds.............
..tto.eso
8T a4 S S
39,991
39,991 —iV, 54. p. 367.)
baking fund............
39,982
40,000
oral disbursements. - 5,105,188 5,671,143 5.240,926 5,240,161
Wltltctireaat Fuel.—Own- 2,797 acres and leases 1n perpetuity
—Owns
Total db
e
Raton-e « f protits..... 1,112,853 1.441,582 1,364,759 2,158,185 ‘ 980 acre* coal land at Cleveland. in Lilv«« County, mid lit Marysville
Sar lidT 1•beginning y’r). 7.496,160 8.611,102 10,052,983 11.417,745 and Swan, Marion -County, Iowa. Alsu own, 10,500 acres coal land
in Bureau County. Hi.,« sa t tease.* for 17 rears the property
H Total non), s o r p . June
I " 30 (end of year)... 8,611,402 10,052,984 11,417,742 13.576,127 of (he Iowa and Illinois Coal Company i 10.801acres coal and 360
acres surfsicc) and guarantees Its hood*. Sec, application to
■ The following table shows the property and business of the company New York Stock Exchange in full. Ollllo.'b t.K V. 45, p. 676. The Iowa
'
.
st different period*:
A Hilled, Coal Co.'s bond* arc gunrantoed »- to Ixith principal and
■ j
Miles of Miles of So. of
intercet. They »rt> rr-bclnaldc 020,000 yearly at 110. and on June 1.
B Year. BWesdtCTbT*. Wire. Offices. Me«aze*.
Receipt*.
from*.
1907. the Whole issue may be paid, at same ran-. Repon for 18510-91
1866-07.. 46.270
85,291 2.565 5.879.282 86.56s.92582.621.919 was iu V. 53, p. 367 Total -took iidthoHr.il, *2,000,008),
•86(170
M.lir.i
ll.'.I'M 4.972
9.1 •.7.611. 7.n-.7.l7 2.227.965
Ea HM so* -July!, 180-', to Jan. 31, 185 1 i7 luonihm, net earning*
.
6
870-80 . 88,643 233,534 0,077 29,215.509 12,792,894 8,883/- “ Were #69,109. against *67,3411 In 1891 92. About *l,Jmo deducted
0-9!... 197.991 7X5.5!)) 20.09s 59.148.343 23.031.326 6,6"
from «arninzH In July awl August of 1892 and j,Luted m the equipment
1-92 .189,370 739,10520,701, 02,387,298 23,706.404 7.
nail real estate sinking fund*. To make n fair eoiujutrlsou It U said this
DiliBCToK-s for 1802-08.—XorvUs Drees,Thooia* i, Eckert, John T. should bo added to the net enmlnz* tor that year.
‘a r y , John Van Horne.----------- , Russell Sage. Alobw B Corwsli,
In
ending June 30. 1 * 9 2 , gross naming* wore f 1,004.639;
ainueiSloan, Robert C. dowry, Heorze J. <J*»)ld, Cdwitt fiould. John on. *165.721. 4 --.dost 8163.2-1 la 1 —0-01); intero-t, s-iJ.-Uh); sinking
S, Moore. Henry Weaver. Percy It , pync. Charles Lauder, A u s tin C u t fund. Ac.. *26.187; dividends, *91.000; surplus fur year, 810,134.
to. J. IHerpoBt Morgan. Frederick L. Ames. John H*y, William 1 —X- Y. Office, |h Broadway. (V. 53, p. 3«7. 881.;
>.
SDbop, P , Huntington, (leorgc ii, Roberts, Shiner Shepard, Krusto*
U lii.iua B ridge.— 'a ii * -ndge over the Mi- i-.ippt at Winona
si
1
’taja.u, Charie* F. Mayer, Cfoutscey M Dopew, Jiuue* » , rteudetiin,
..
ionri M. Flagler, Henry B, Hyde, W. MureayCraim. Office. 195 Bread Mina,: h-.t-cd in the ChlisMO Bnrlltizttm A Vui-theni, Winon» A south.
zav.'Xew York city.~(V, 53, p. 360. 567. -81: V. 54. p. 158.447.501. w su-rnaod On-cu Bay Winona .V nt. Paul. The sinking fund beg us
>65 . V. 55, p. 403, 545, 037. 72 1. 755. 800. -95, lo'Jb: V. 56, 331. Mur, 1, 1896. after payment of SHi p. re yearly on atonic. V. 53, p. -137.
W estlngltonac K ls r lr k * H s a u fs H a rla a Co.—O k o in n
H enry **. « ••rllilngtwn.—Organ i*t in 18 0 3 Bn lcr la w uf
toy.—
This company has a charter groat*! by tlw Mute » f I'ennzyl- New Jersey to take over aid carrv »n the extensive lro«in -s uf-'tiuiii
, ,•*»'». Its business c«n*t*t« of the inaoafacture and sals of dynamo* ufactuHu* steam pump* and pomiMUK engine* • csfaidWitsI su 18 4 5 i»v
•
(for Isolated and eentral station Hzhtlnz, tnotoro and geaerotore tor; Henry R. Wortluugtmi. The total » « « w are said to he nearly dimbio
]s»li:«»».ty work and street r*Hw»r», around inoai«i<«»firt lamps, and : theenilrct«su**of jar f. stwek amt tlu-pcattts tor throe v«i,r»iu»*t t<>fa»v«
ia amend W of amdiaaemmed In the commercial nppileotioM of ; avanurod 6486.078 por aimiun. Hie araonni * w -..«ir v m pay the dlviire
ielectricity tor iightiiiK and l-'wcr ptiriH.scs,
dead uisni th. |.rof. rnsl stock Ix-lng «1 Iu.ihsi rknnpauy lu-zan lmsiI The company owns a valuable factory plant in the city of l'lttshurz Ocs* without bonded or Hunting Indebtedness, and no mortguze can bo
Pig, on real rotate free and nnencttmbered, and employs aiiout 1.000, placed on the nreperty except by a vole of holder* of 75 percent of the
m ta tt» varbmsdepartments, and operates, underlease azreementa, cferred stock, igh-e ClIMuMi i t:, V. 50, p. '234.) Xew York office. 80
m
itha factories of the United 6tatc* Klectrtc Llghtluz Companv at Newhefty Street-
C
irk. X. J., sad the factory of the Consolidated Electric Light Company
lu W.-st Twenty-thlnl Street. Xew York City, in the name of the Sawyer-Mann-Electric Company, employing In troth of these factories an
average of some BOO employees.
-> r. It
YORK AND BROOKLYN* TRUST CO’S.
i'lMicr * rfsirganiration of the company, consummated in the latter
pari of 1891,6he *im*kbolder* of tbe ibore-nientioDwl comimnian were I <
^ee C iiW M n a a or Kobmarr. 1893. V. .vi. i> 200, for bolunce sheets,
.
allowed to e x c h a n g e tbeir stock fo r stock In the Wcstliighonse Electric
* » « »• OO, p. 80. 128, for natnes of offiors nud director*.
A Manufeetnritw Company, and 14.624 share* of the United States.
, Efccifte s—
— r«s- Lighting Company (outof a total of 15.000), and 23,771 -hare*
<uUttg
lout of »
15,000),
If the Consolidated Electric Light Company (out of a total of 24,264)
atfiQad tbenwol.vc* of Bits privilege to date.
C.srtrsL m ock.—The capita) stock of the company 1* *10,ooo.ooo.
of Which there I* preferred and aasentlnz stock of *0,727.450. and com-
•w stock OMtUtaodlozi, *272^80. All elawManf stock have same
on
voOng power, The first preference stock. MiMc* cwwdarive divi
dends of 7 per cent per adama. with right to participate equally with
irfb-r dock after the same shall have rccoi r«d 7 iwrccnt, ati-1 prefer
entlai as to principal.
DtvitiagBs.—On preferred stock an Interim dividend of 1 percent
w»» paid Feb. 1, 1892; In July paid 3% per emit; In 1803. Jam. 3>*.
C MA m
Q Vm,
Ca p it a l
Surplus* Dtvno-M.s lra|d i„ ),9fti a j892
I ii.liv',.1
;.uul date and amount
■ Frottt* r ---- ---- :----- , ----- — —*•
Par A mount. Dee 31,02, Period, 'hi. '92 ),;ist Paid. '<
»
AtiAotic
Brooklyn'
i«o; 500,,060 - *
7-9381
10l>: 1 .000.000 1,430,0151
If
Centrals-----too i .wn»,oou O,:ioo.02 Ill u.on 50
;i
( ottuneafai . loo
303,fit)'.
Farm, A Tr 25 t.fUKi.wai 1,017.617 q-i". as'
-
Apr..'63.
Apr..'1)3
Mur.,MU.
New.
Feb.. '93,
Apr.,*5)3.
Fob.. *03
Feb,, *03,
X-v.,'02.
Jim..".13.
3
5
5
5
Frabklla......400 1,000,ooo 732,490
2
Hamilton
500,000, 331,181 .
1h
i
The safes of the company, iiscludln* th* sate* of the Holland . . . . 1 oo 500,000 542,541 q . F. l<)
2%
i leased companies since they came under Its control, were: In year Kings County ion fgM.OOO 1-1.326 M A 5. 6
.
6
8
.
‘ I860,64380,0871 in I.H80, *3.019,370: In 189s, *1.26H,?«S9; iu I s -7 Knlt'keriamk’r 100 750,000 361,81)4 J A J.i ;» j I!
3
*874.657. The statement to the S Y stock Exchange, giving the Pal I ongi.DATr. 100 500,000 282,293 q, J. .
8
lun,. *01). 2
Manhattaii ,, 30I,000,00«» 280.164 .1 * .1 ... 5 Jan ' 'I*:; 2 i«
(isccdimcti , will mfound m V Si. p 70S
.
Mcretin"
“
--- --K) ■U
rn.. - 13 . 5
: DtaseroBA —iiraytoo Ire- [Ctudnuanof the Board). Charles Francis Mercantile... 100 j .ihki.ishi 1.758.17)1 J A ,1 lo
6 .inn.13,*03.3
Adams. Lemuel Bannister. August Belmont, A. M liver-. Charle. Fair Metropolitan 100 l.ooo.ooo -672)811 J A J 6
......... 100 500,000 1-1,-30 ...
...
(1
6 to n
3
4, Marccth** Hartley, (J. V . Ilcbarrt, Renrv R. Hyde and Ocorge S V.tioar.A I DXI 2,<«i....s*.
;
Jitu., TI3 6
. fretutgh.insc. Jr President, Ocorgc ttas.fmgho.is.-, Jr.. Vice Crest
:
.
' 30 Dei:.. '02.15
{dMUkbMMet Bantifstor. Btmnb W. Itebard; TreMnror.
F. Kob'bE N V Lf.t.ATr. 100:1,000,1X8) 2.262,;»p i J. .A. D
X. Y. See. A Tr. 100 1,000,000 P53.837
Xew.
N. Y. Office is at 12« Broadway. (V. 54. p. 763; V. 55, p. 551.1
People's........tOO 1,000,000 839,225 « . —F.
Fell., *93. 2
W h e e lin g It rid g e A T e r m in a l H a l l w a y — -This company RTRst. L. AT, loo 500.000 305,098
U 'lK n
.
. Feb , '93. 2>a
»>w a railway bridge at Wheeling. West Va.. roniplet. d In 1801, and Stale...
100 1,1)00,000 -t 1,662 K. A A
l ei...'63. 3
shoot 10 miles of terminal track, connecting with Cleveland A Puts Title au.ft.Tr, 100 2,000,000 701,081 J. ft J 5
.Lin.,'{>3, 3
e r e . > l e y , ,od I M B V Wtu t Um .li.tl It fc . ling * 1 >k, i.r < m oh » Futon ...... , 100-jI,000.(KKI 4,271.771 *1. - J.1. t o
20
"
*.# . i q
20
.lull.. *93. I,
Jan., 03. 6
o d e . ml Baltimore A Ohio, Ohio River Rallwav and Plttsb g Wheelng Foiled Stales'
' W> J.0OO.'X8> 8.520,775,1. ft .1,23 28>s J a n ..'03.1(1
® Kentuoky (Pennsylvania system) on the Wheeling side. Th- Marlln- Washington - 100- 500.000 103,756. ....
............. Ia n .'03 3
: ,^ 7 T-nnitial prop; rtv was purchased at tor. closure sale Dec. 12.
,U
•Sin , hj the W, Is, A T. fey, Co. and *111 be mad sutDc t to the wort
Dividend pariibl* Jan, 1,1803, not embraced ter tills company in
g » * U *e.Tlb d in the tal.l above. An ext nsion of 3 mil s from * surplus," etc.
•
* '<■
A.i-s dig to B nwarol, a her - there are Iron »)ol steel plants. Is under
r Dividend Ilf Jail. 1, 1803, charged to prollt and loss aud not cm-
'mthhtatkm. iV. 54, p . 162.1
brace*! in • surplus," et...
•
BANK, GAS, INSURANCE AND HORSE RAILROAD STOCKS.
104
NEW YORK CITY BANKS.
(* Indicates State banks.)
(See officers, V. 56, p. 84, 88 and 128.)_________
Ca p it a l .
Co m p a n i e s .
Par Amount.
$
America*.... 100
100
Astor Place' 100
Bk.ofDep’sit 100
Bowery* — 100
Broadway.. 25
Kutok’s’ADi 25
Canal St.*...
Central...... 100
100
Chatham ... 25
100
25
City........... 100
Clinton* .... 100
Surplus
D iv id e n d s .
at. latest
dates, t Period. 1891. 1892. Latest.
[V o l.
LVL
NE W YORK CITY FIR E INSURANCE COMPANIES.
Ca p it a l .
%
$
8 Ian.’93. 4
3,000,000 2,214.200 j. & j .
8
7 Nov.’92. 3*2
7
5,000,000 2,312,600 M. A N.
250,000 294,300
6
3
300,000
78,300
12 Jan.’93. 6
250;000 527,700 J. A J. 12
16 Ian.’93. 8
1,000,000 1,575,200 j. & j . 16
8
8 Jan. '93. 4
300,000 309,400 j. & j .
100,000
8,900
7
7 Jan.’93. 3*2
2,000,000 572,200 J. A J.
10 Jan.’93. 5
500.000 1,153,300 J. A J. 10
16
16 Jan.’93. 4
450,000 919,700 Q .-J.
Bi-m’ly. 150 150 Jan. ’93.25
300,000 7,119,800
.
7 fan,’93. 3*2
600,000 463,200 J A J.
7
10 Nov.’92. 5
1,000,000 2,754,500 M. A N. 15
5 Ian. ’93. 2
300.000
36,700
6
100.000
28300
6
8 Jan.’93. 4
Columbia*.. 100 300,000 285,300
8 Jan.’93. 4
8
100 5,000,000 3,550,600 J. A J.
.
7
7 Jan.’93. 4
Continental. 100 1,000,000 257,800 J A J,
12 Feb.’93. 6
100 1,000,000 1,297,700 F. & A. 12
8 Jan.’93. 4
.
8
East River.. 25 250,000 143,000 J. & ,J
.... Sept’92. 5
36,100
East Side*.. 100 100,000
.
8
8 Tan.’93. 4
lltli Ward*. 25 100,000 234,700 J & J.
94,600
Emp. State*. 100 250.000
6
6 lu ly ’92. 3
Firth.......... 100 200.000 306,600 J. A J.
75 100 Jan. ’93.25
Fifth Ave*.. 100 100,000 916,300 Q .-J.
O 100 fan. *93.25
100 500.000 7,194,700 Q .-J. LO
7 fan. ’93. 3*2
100 3,200,000 L,918,400 J. A J.
7
79,500
14th Street* 100 100.000
12 Oct. ’92. 6
Gallatin___ 50 i,ooo;ooo 1,605,000 A. & 0. 12
42,300
Gansevoort* 50 200,000
50 200,000 462,600
6
7 Feb. *93. 3 ^
Germ’nAm/ 75 750,000 299,400 F. A A.
12
16 May ’92.16
Gerui'n Ex.* 100 200,000 601,500 May.
10 Nov.’92. 5
Germania*.. 100 200,000 539,400 M. A N. 10
6 Nov.’92. 3
6
Greenwich*. 25 200,000 160,000 M. & N.
8,300
Hamilton*.. 100 200,000
100,000
21,300
HTl’m Riv.*
7 Jan. ’93. 5
Hanover___ 100 1,000,000 1,837,000 j . & j . 7
57,300
HrdeAL'tli’i 100 500.000
6
6 Nov.’92. 3
Home*...... 100 100.000 101,200 M. A N.
Feb. ’93. 3
Hud River 100 200,000 158,200
20 Jan.’93.10
Im p.* Trad. 100 1,500,000 5,721,300 J. A J. 14
8
50 500,000 333,600 J. A J.
8
10 Jan.’93. 5
Leather Mfr. 100 600.000 560,100 J. A J. 10
500.000
36,700
7 Feb.’93. 4
6
Lincoln..... 100 300.000 423,700
Madis’n Sq.: 100 500,000 193,500 J. A J.
Jan. ’87. 3
7 Feb.’93. 3is
Manhattan * 50 2,050,000 1,741,700 F. A A.
7
8 Jan.’93. 5
8
Mkt A Fult. 100 750,000 808,300 J. A J.
Mechanics’ . 25 2,000,000 2,051,500 J. A J.
8
8 Jan.’93. 4
8 Jan. ’93. 5
Mech. A Tr * 25 400,000 444.300 J. A J.
8
6
6 Jan. ’93. 3
Mercantile.. 100 1,000,000 1,087,200 J. A J.
.
7 Jan.’93. 3hj
Merchants’
50 2,000,000 996,600 .T A J.
7
6
6 Jan. ’93. 3
Merch. Ex.. 50 600,000 172,800 J. A J.
.
11 Dec. ’92. 6
Metropolis*. 100 300,000 739,700 J. &D 10
6
6 Jan.’93. 3
Mt. Morris*. 100 250,000 340,700 J. A J.
16
Murr’y Hill' 50 100,000 401,600 Q .-J.
16 Jan. ’93. 4
200,000
30,000
Nassau*___ 100 500,000 272,000 M. A N.
8
8 Nov.’92. 4
100 250,000 104,400
100 2,000,000 2,033,100 J. A J. 10
10 Jan.’93. 5
New York..
N. Y.County 100 200,000 556,400 j . & j. 8
8 Jan. ’93. 4
N. Y. N. Ex. 100 300,000 164,200 F. A A.
6
6 Feb. ’93. 3
100 750.000 217,700 J. A J.
3b>
Jan. ’91. 3*2
Nine’tli W ’d* 100 100.000
6 Jan.’93. 3
59,600 j. & j .
6
N. America. 70 700,000 617,600 J. A J.
6
6 Jan.’93. 3
Oriental* ... 25 300,000 430,900 j . & j . 10
10 Jau.’93. 5
Pacific* ___ 50 422,700 456,800 Q .-F .
8 Feb. ’93. 2
8
100 2,000,000 3,045.700 J. A J. 10
10 Jan.’93. 5
People’s* ... 25 200,000 326,600 J. A J. 10
10 Jan.’93. 5
Phenix...... 20 1,000,000 458,300 J. A J.
6
6 Jan.’93. 3
100,000
99,000
New.
Prod.Excli.* 100 1,000,000 284,100 A. A O.
6 Oct. ’92. 3
6
Republic ... 100 1,500,000 913,600 j . & j .
8 Jan.’93. 4
8
100 100,000
St. Nicholas* 100 500,000 142,100 J. A J.
6
6 Jan. ’93. 3
Seaboard ... 100 500,000 216,10t j . & j .
6 Jan.’93. 3
6*2
Second....... 100 300,000 507.00C J. A J. 10
10 Jan.’93. 5
Seventh___ 100 300,000 115,80C J. A J.
6
6 Jan.’93. 3
96.00C
10(1 200.000
Shoe A L’tlir TOO 500,000 264,900 j . A J.
8
8 Jan.’93. 4
8 ixth ........ 100 200,00C 339,20C J. A J. 12
12 Jan.’93. 6
South era .. 100 1,000,000 160,50C J. A J.
6 Jan.’93. 3
6
State*........ IOC 100,000
21.60C
8tateof N.Y* 100 1,200,000 500,000 M. A N.
6
6 Nov.'92. 3
Third....... lo t 1,000,000 108,900 J. A J. Nil.
July’90. 2Lj
2
Tradesmens 40 750,000 204,600 J. A J.
4 Jan.’93. 2
Twe’f.Ward* lot
200,OOt
93,700
23d Ward*.. 100 100,000
11.800
Union Sq.*.. 100 200,000 180,100
U. States... 100 500,000 537,000 Q .-J.
8
8 Jan.’93. 2
lot 2,100,000 ‘ 67,500
2
5
6 Jan.’93. 3
West Side*. 100 1 200,000 273,200 J. A J. 12 1 12 Jan.’93. 6
t March 6 for National banks and Dec. 15,1892, for State banks.
NEW YORK AND BROOKLYN GAS COMPANIES.
Com panies .
Par. Amount.
American...
Bowery......
Broadway . .
Citizens’ ___
Com’nw’lth .
Continental.
E agle.........
Empire City.
Farragut___
German Am.
Germania...
Globe.........
Greenwich..
Hamilton...
Hanover___
H om e........
Kings Co___
Man.ABuild.
Nassau.......
Niagara......
North River.
Pacific.......
reter Cooper
Phenix.......
Rutgers’ ....
Stuyvesant .
Unit’d States
Westchest’r .
Willi amsb’K
.
50
25
25
20
100
100
40
100
50
100
50
50
25
15
50
100
20
100
50
50
25
25
20
50
25
25
25
10
50
$
400,000
200,000
200,000
300,000
500,000
1 ,000,000
300,000
200,000
200,000
1 ,000,000
1 ,000,000
200,000
200,000
150,000
1 ,000,000
3,000,000
150,000
200,000
200,000
500,000
350,000
200,000
150,000
1 ,000,000
200,000
200,000
250,000
300,000
250,000
Net
D ivid end s .
Surplus,
Dec. 31,
1892.* 1890. 1891. 1892. Last Paid.
$
124,859
49,205
123,975
21,485
35,018
1,785,864
640,199
88,426
38,159
2,256,915
1,011,649
17,664
121,057
28,401
397,881
1,213,804
181,650
40,532
243,211
413,160
11,043
247,445
156,416
543,744
108,867
25,324
150,912
426,730
693,111
10
10
6
6
11
11
6^2
6^
3
14
14
12 hi 10
6
6
10
10
20
20
10
10
8
8
10
10
6
6
10
10
10
10
12
12
6
6
10
10
10
10
6
6
12
11
12
11
10
10
10
10
6
6 hl
ii
10
10
10
20
20
10
6 July. ’92
10 Feb., ’93 5
6*2
’93. 31
3
6 Jan.
14
’93. 7’"
12*2
71,
’92
’93
10 Jan., ’93
20
10
’93
8
10
’93
10
10
12
4*2
10
10
’93.
’93. 5
’93. 0
’92. li<
’93. 5
’93. 5
’92. 3
10
’93. 5
10 Feb., ’93. 5
10
’93. 5
10 JanM’93. 5
6
’93. 3
10
’93. 5
10 Feb. ’93. 5
20 Jan., ’93. 10
* Over all liabilities, including re-insurance, capital and scrip.
NEW YORK A ND BROOKLYN STREET RAILROADS.
F o r e a r n in g s , e tc ., s e e C h r o n i c l e in d e x .
Dividends and Interest.
Par.
$
{ Amount.
I
$
Period.
Rate.*
’91. i ’92
Date,
t
°
/
Atlantic Av.(B’klyn) st’k
50 1,195,450
Oct *92,13
500| 140,000 m : a n .
1st mortgage.............
May 1, ’9General mortgage...... 1.000 759,000 A. A O. 5g. 5 Oc. 1,190!
Cons. M., $3,000,000, g 1.000 1,405,0<)0 A. & O. 5g.! 5g. Oct. 1, *3
420.000
Prospect P ’k Div. mort
5
5 Jan. 1,
500 125.000 F. A A. 7 I 7 Aug. 1, ’9'
So. Brook. Cent. 1st M.
500 150.000 F. & A. 6 i 6 Aug. 1, ’9'
2d mortgage..............
100 900.000 J. & J. Ho 1*2 Jan.’93, 3
Bleecker Street—Stockll
1,000 700.000 J. & J.
1st mortgage............
Jan 1,190*
100 2 , 100,000 Q.-J.
B’way A7thAv.—StockU
Ap. ’93,2J
1,000 1.500.000 J. & D.
1st mortgage.............
June, 1901 , 00 © 500.000 .J & J.
.
2d mortgage.............
July, 191B’w ’y Surf.-1st M., guar 1,000 1.125.000 J. & J.
July, 192
2d M., int. as rental. 1,000 1, 000,000 J. & J.
July, 190.
So. Ferry RR. IstM.gu. 1,000 350.000 A. & O.
Ap.1,191!
100 525.000 Q .-F .
Broadway (Brooklyn)...
Aug.,’92,!.
1,000 250.000 J. & J.
1st mortgage............
Co’s opti’j
1st M., Yates Av. guar 1,000 1 0 0 .0 0 0 J. & J.
do
000
10 9.000.
Brooklyn City—Stocky..
Apr.,’93,
Q.-J.
000
Gen. M., red. in 1916 . 500 Ac 3.000.
J. A J.
July, 194
B’klyn Crosst’n 1st M. 1,000 200,000 J. & J.
July, 190:
Gr. St. & Newt’n 1st M 1,000 200,000 F. A A.
1906
Cal. Cem. G. P. &B, 1st M 1,000 200,000 J. & D.
Jnel,190’
New.Wmsb. AFl’t.lstM 1,000 200,000 F. & A.
1897
G.P. ALorimer St.lstM 1,000 125.000 M. & N.
1910
Q000 F
100 1.000.
Brooklyn City A Newt’n
Feb.,’93,
1,000 1, 000,000 J. & J.
Consolidated mort—
July, 193!
Br’klyn Heights 1st M.a. 1.000 250.000 A. & O.
100 6, 000,000
Brooklyn Traction.a—
000
100 3.000.
Preferred stock........
100 600.000 Q.-J.
Central Crosst’n—Stock.
Jan.93,1*
6 Nov., 192
1st mortgage............. 1,000 250.000 M. A N. 6
100 1.800.000 Q.-J. 4x 5 ^ Jan. ’93,
Cent, Park. N. AE. Riv.c
4
Dec., 190
Consol, mortgage...... 1,000 1 , 200,000 J. & D.
100 650.000 Q.—J.
Christopher A 10th St|..
Apr.,’93,
1st mort., 5s, 6s A 7s.. 1,000 180.000 A. A O. 7 Ac,7 Ac! Oct,. 189
000
100 1.000.
Nil. 4 Apr.,’93,
Coney IslandA Brooklyn
5 Janl,190
1st mortgage............. 1,000 300.000 J. & J.
20,000 F. & A.
6 Aug., 190
P. P. A FI. 1st M., ass..
100 1 , 200,000 Quar.
8 Nov.,’92,
D. D. E. B. & Bat.—Stock
500 Ac 840.000 J. & D.
7 JuncASO1
1st mortgage......
6 Feb., 191
Cert.of debt,sub.to call too > 1 , 100,000 ; F &A.
>F &A. ~ . 5 Feb., 191
'
Do
not s’bject 100 s
100 1 , 0 0 0 ,0 0 0 Quar. 10 10 'Jan.,’93,
Eighth Avenue—Stock. .
100 1 , 0 0 0 ,0 0 0 F. A A. 6
6 Feb., 191
Scrip...................
Feb.,’93,
100 748.000 Q .-F . 16
42d A Gr. St. Ferry—St’k
Apr., 189
1,000 236.000 A. & O. 7
1st mortgage.....
Nil.
100 2.500.000
42d St. Man. A St. N. Av.
Mch.,191
1 ,0 0 0 1.200.000 M. & S. 6
6
1st mortgage............
Jan., 191
2d mort. income 6s—
1,000 1,500,000 J. A J. 6
Nil.! Nil. Feb.,’86,
100 1,050,000
H. W. St.APav.F’y—St’k
500 500,000 J. A J. 7
7 July, 189
1st mortgage.............
20 197,480
Jamaica & 'B’klyn—St’k.
1.000 415.000 J. & J.1 5g.i 5g. Jan 1,193
1st mortgage, gold—
100 30000000
Long Island Traction.a .
G a s Co m p a n ie s .
Dividends an d Interest. Metropolitan Traction.a
100 3O000000 J. & J. 4
3 July,'92,
Brooklyn deal, se Par. Amount. Period.!
100 800,000 Q .-J . I l ^ 1 412 Jan. 93,1
Ninth Avenue—Stock...
Y. 56, p. 82.)
'91. ’92. *Date. %
41-2 .Tan.,*93,
100 1,862,000 Q.-J. ! 4
Second Avenue—Stock..
5 Nov., 19C
1st mortgage............. 1.000 1,600,000 M. & N. 5
Beckton Construct, i $100 $2,500,000
Debentures...............
1,000 150,000 J. & J. 5 i 5 Jan.. 190
Pref., (V. 56, p. 82)! 100 2,500,000
9 Ap. ’93,1
8
Sixth Avenue—Stock b
..
100 2,000,000 Q.-J.
Brooklyn G.-L.—Stk.l
25 2,000,000 Various 2
4
Nov., ’92.2
Nov. ,’92,
Third Avenue—Stock a
. 100 6,000,000 M. A N. 12
Central—Stock.......
50 [ 500,000 F. & A 4
4
Feb., ’93.2
5 J’y 1,198
1.000 5,000,000 J. A J. 5
1st mortgage............
Citizens’ G.-L. (B’kln)
100 600,000; Q — F. 10 10 Feb. 93,2
Twenty-third St.—Stock
Consolidated.......... /See Miseellanc oua Com pan ies.
1.0001 250,000 M. A N , 7 : 7 May, im
1st mortgage............
East River Gas.......
5 Jan., 19(
.
1,000 150,000;,T A J. 5
Debentures...............
’
1
5
Eq’tyCja8,B’krnlstM|.
B ’way, 1st M., gu ar... 1,000 375,000 J. & J. 5 - 5 July, 195
Fulton Munic.—Stk.. | i d o l 3 ,0 0 0 ,0 0 0 Q .-J.
9 ^ 8 Jan. 14, ’93.2 Union Railway—Stock.. ............... 12, 000 , 000 ; ........................
300,000 J. A J. 6
Bonds, red. at 100. 1,000
6 Jan. 1,1900
....... 2,000,000: F. A A. 5g. 5g. Ag. 1,19-!
1st mortgage, gold—
870,000 J.AD.30 5
Metrop. (B’kln)—Stk. 100
6 Deo.30’92.3
250,000 A. & O. 5
1st mortgage....... 1,000
5 Apr. 1,1898
* The figures in these columns represent for stock the rate per cent
Mutual (N. Y.)—Stk. 100 3,500,000 J. A J. 5
6*2 Jan., ’93.3
dividends, for bonds the rate per cent of interest per annum.
125,000 M. A N . 6
1st M., red. at 100. 1,000
6
1902
1 This column shows last dividend on s ck , and maturity of b n
to s
oa
25| 1,250,000, Q.—J.
6
Nassau (B’kln)—Stk.
6 Jan., 1893.1 hi
| Leased to Twenty-third Street.
|
700,000 M. A N. 5
Scrip.................... Var’st
5
Co.’s option.
; In June, 1890, leased to Central Crosstown at 8 per cent per annul
io| 1,000,000[ Q.—M. 6
People’s,(B’kln)-Stk.
6 Marl5,’93.11
2
H Leased to Houston West St. A Pavonia Ferry at 10 p. c. pe* annul
1,000
400,000 M. & N. 5
5
May, 1907
§ Stock authorized, $12,000,000. SeeL. I. Traction Co. inmiscellaneoi
Vftr’S
j
94,00< A . A O. 6
6
Apr., 1900
a—See “ Miscellaneous Companies.”
Standard, pref.—Stk. ....... 3,500,OOt Quar.
:« i C ! Apr., ’93.1
D
bLeased to Houston West Street & Pavonia Ferry Company, rental
Williamsburg..........
50 1,000,000 ! Q —J.
7
6 -Jan., 1893.1 hi per cent per annum from October 1, 1892—13 per cent quarterly.
4
1,O O 1,000,000| A A 0 1 6 ' 6 !Apr. 1,1900
OJ
1st mortgage.......
c Leased to H. W. S. A Pav. Ferry for 999 years. Rental 8 per ce
' This column sliow&la&t dividend on stock *and maturity of b d
s
on s. on stock for 5 years; thereafter 9 per cent. See V. 55, p. 89-4.
U
k c h
.
R A I L R O A D
1 8 9 3 .)
M O N TH LY
Feb.
Jan.
s s s s s
© M ft *©073,030]
A fcjLC
043,962
710,209
721,784
706,095
750,817
3,277.911 3.30S.655 3,319.143
3.394.809; 3,101.112 9.T7U.M0
............ ,
• • ........................
3,550,40*
3,780,645
3,054*878
3,839,471
3,866.370; 4.26-6,758
1,310.7«6j 4.018,312
1.893,4071 1.1144,181 .'.011.031. 12918,964 2,07#76i
.
1,315.180 i.U 1.1.310 1.965.300 1,999.803 2,210,077
n .Ml 3,041,805 <
-oi
aK ■
T >
ihtl. 1,439,0*0
liU iflU
t
©073,#63A .1 A4i C W 3.037,084! 2,160.-70*5 2 ,rm ,*5 6
............
2.251,037) 2.222,823
2.372,15V! 2,32#,«4$
2,415,111! 2.591,700
I*,A: Ohio
xouthw.-
l£Sjm
i85,»W6
sysL ..
(& H w-J , 23SJOO
*#1®
58$>'
?*i...............■
rl. €**d. It* Ac N o .- i
310,18$!
u*> . . . . . . . . . „ a , O 6 0 m .) i
#54,334!
m,„...A UH& t o 4.069 m .) (
........... ,a.f
>9Aot.> i §SUHM
f©M«7
.. ,
m |
*/.
,4'iSi tao
a a d la » F m c H ic i*§U, „1
M*U©7 to
ISs- -
-0 .w.5rt-t to ©731 au>1
H 82 , .„{3>,707 t o k V * * m . ) .
.......
m
t,0$4,V2§!
UMBM
*354,093i
087,630 j
m f‘
• M i ».* •
m i ISmiUte S t t i a l • —
,4#*1 ffi-l 1,251
1^80© m .i*^*8» Ss-i B u rt. A: Q u liic r ! m
£3
1 ..
gj#>........... 08,6s# s i.)
||g,.... ______ .,€8*^93 foui
i e . »fc F a s l . i l l i i i # * * -
?*m„.............. -,(4J8 m
.
'i l l ,
___ 4 ;s#s-1«-to©as,*
____ <4a J a , i
!
, ....... . ( t o o « l >
tc* 3 t i ! w , Ac- 6 t , ! V ~
S0 5,66© as**
«ta ,9 u i
654,6631
703,741!
737.V&0,
a.-;u.-4-<-
aa
15*7*1; « * o.-l
i {
»tc - Ac N t a r t h w r a i a - t
fA I* . ill* Sioatb^r-B-.....r# 9 5 ss.K
1 ym.
*''< 0
w
* m\
169,406
181,444
i93vS*15
104,086
219.00b
2R2,2.f7
j
212,707;
265,129
267,4741
§08.989
231.855
£*1.96*
MAS#!
288,340
237,186;
272,873;
315,055!
.. .. , 3,©4i|.**5,?
2/fTT m .i.
1991 .*. — ------- m . !
«*»»
! «»0 .
...... (407 n .i
I ®|I*« **.... - -* - 4 hlj .
i4 *7
19.
33
......... <«9; au*
S I M - _____ ______ .i *V#7 m .i
:: *».te# E rie Jb %%>«!**s ~
L
~
[ ©*0 ......(56# O 7£ itao.
.*
: *8 i* ...
B
i^ i.
10 .
83
.i o i i .
285,096’
330,75' :
352,729;
43.906,110
46,710.500
2,233,217
2.303,791
2,333,450
2,004,252
2.119.008
2,131,454
3,227,051
2.242,344
2,192,254
24,319,539
24.943.182
20.053,873
306,104
304.05*
418,355
3,803,982
3,886,340
4.351,790
U S3*960l 1,329,48V. 1^98,350: 1,403,0001 l , 5 l l , r O s 1,530,0001 1,007,715! 1.788.447 • 1.734,400
2,012.5* *2 2,031,0-0
1,510.03a# L,8O»,30^ USOi.tt*/ 1,801.482 1.IMMS9# 1.731,083|
1.5W.7W 1,871.317 1,703,824 1,703.277 1.708.005: I.H20.3BS 1,875.031 2,U2.7«W 2,088,45*
1,548,491
1,014,314
!,>9i,l2B
20.2U.O96
1.831.292j 1,178,897
1,40.1,412! 1.22l,47lj 1,155,403
1,2/1,708 l, l« » ,7 a 6 !
14,201,787
14.716,^16
66MM?
mjMOi
277,400
330.421;
m ,8 0 7 . 1,070,700 i,1 6 M |
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S r i ’pLEMEN T.
LV
(V O L .
MONTHLY EARNINGS OF PRINCIPAL, RAILROADS—(Concluded).
Jnn.
Feb.
.
S
I
M e x ic a n C e n t r a l—
569,507
587,045
I890e..................(1,527 m .).
538,129
533,770
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018,022
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n iu n e u p . & 8 1 . I jo n ls 101,270
104,785
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112,379
1891
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161,702
1892
(855m .).
*117,804
1893
........ (355 ra.).
01 o . K a n s a s & T e x u n 010,431
lb90................... (1,775 m .).
607.892
1891..
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025,096
1802..
.(1,672 to .708 m022.0541
.).
041,335
737,0331
893.................. (1,708 m .).
O lo . P a c . & I r o n M l . —
1,882.329
1891
.... (o,231 m .)2,087.978 2.200,062
1892
..... (5.372 m .)
2,128.072
1893.................. (5,372 m .).
H i b i l e a : O lito —
247,300
l890. .. ................ (687 xu.).
287,095
1891...
306,415
285.178i
1692... ................ (087 m .).
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1893 ..
< a * h v . C h a u . d c r-t. 1 ..279,315
308,580
i890...
292,523
357,713
1891a..____(652 to 810 m .).
397,878
434.707
1892a.. .................(810 ra.).
402,801
433,402
1893a.. ................. (810 ra.).
( . Y . C . Sc I I u d . K i v . (.890... .(1,420 to 1,465 m.). 2,923,406 2,708,853
1891...
3.318,83" 3,020,385
3.321,860 3.505.415
1892... ..............(2,090 ra.).
1893...
3,456,344 3,285,052
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2,155,785 2,056,487
.890...
1891...(1.637 to 1.698 r a j . 2,172,279 2,054,403
1892...
2.186,570 2,278,023
2,194,802
1893...
N . V . flr N e w E n g .
1890
........-.490 m .).
399,005
434,40’
1891 ........(490 to 508 ra.)
440.040
417,781
1892
........ (508 m .).
434,105
451,180
1893
........ (538 m.>.
N . Y . O u t . Sc W e s i ’ u 1890..........(424 to 47 8m .).
139,231
149,093
1891
........ (478 m.).
211,800
200,02n
1892
........ (477 m .).
217.821
201,289
1893
....... (477 m ).
207,488 *239,415
N . Y . S u s a . *fc W e s t . —
* 1890...................... (157 m .).
104,460
85,953
1891
........ (15? m .).
115,088
101.535
1892 ..................... (157 m .)
113.932
113,851
1893
........ (157 m .).
114,598
N o r fo lk & W e s t e r n —
1890
..................... (977 to 1,04? m .).
657,020
574,32?
1891. ...(1,077 to 1,105 m .).
695,503
025,634
1892..
..(1,105 to 1.349 m700.262
.).
770,012
1893................... (1,550 m .).
083,747
*705,748
N o r t u e r n C e n t r a l—
1890......................(377 m .).
494,082
559,118
1891
........ (377 m.)
473,580
495.501
1892
.........(377 m.).
549,910
576,044
1893 ...................(377 ilu) .
521,718
N o r t h e r n P a c ific —
t»90. ...(3,590 to 4,102 m .). 1,177,400 1.282,908
1891..
..(4,192 to 4,355 1,752,139 1,469,981
m .).
1892.. ..(4,332 to 4,379 m .). 1,447,834 1,538,018
1893...................(4,379 m .). 1,323,234 *1,130,980
O h io & M i s s i s s i p p i 1890
........ (623 m . ).
319,768
303,36“
1891
........ (036 in.)
328,213
305,964
1892 .................... (030 m .)
359.575
332.523
1898...................... (630 m.>.
308,39"
*352,967
P e n n s y lv a n ia —
( A ll lines east o f P . & E .)
1890+. .(2,390 to 2.435 m .). 5,142,311 4,851,091
1891+...(2,435 to 2,507 in .). 5,312,475 4,739,320
1892+...:2,507 to 2.592 m .). 5,019,741 5,207,097
1893-*../.............(2,592 ra.). 4,923,246
P h i l a . Sc R e a d i n g 1890
.....(l,lo 6 m .). 1,566,730 1,313,632
1891
..... (1,100 m.). 1,712,090 1.470,917
.....(1,173 m .). 1,727.214 1,788,774
1892
1893
..... (1,173 ra.)
1,505,781
C o a l Sc I r o n C o . —
1890
.................... 1,151,256
949,000
1891
.................... 1,443,701 1,145,047
1892 ................................. 1,532,041 1,778,028
1893
...................
5,319,113
T o t a l b o t h C o . ’ s—
1890.................................. 2,717,986 2,262,697
189 L.................................. 3,155,851 2,010,504
1892
.................... 3.259,255 3,560,802
1893
.................... 6,824,894
R i c h , tfc U a u v . s>ys.—
L890 ..(3,051 to 3.113 m .) *1,154,027 *1,003,400
1891
(3,113 to 3,154 ra.)
1,107,990
1892*.
(3,154 m .).
1,100,580
1893................. .v3,154 m .).
8
E. A . & T, » ).L890................. ...(242 m .).
89,004
1891
... ..(242 m . ; .
113,735
116,968
...(239 m .).
1892
113.831
122.449
(239 ra.)
1893.
*■123.410
8 t. i.o u in S o u th \ v e » t .1890.. ..............(1,222 m .).
305,244
1891. . ............... (1,22-2 m .).
347.040
1892... ...............( 1 , 2 2 2 in ).
371.799
1893* ..............(1,222 m .).
1 432.0) 0
S t. e a u l & D u lu t h —
1890 ..
77,354
1891...
95,140
1892 . .................. (250 r a .).
130,'; 88
1893..
* 112,86s
S o u t h e r n P a c ific C o .—
1890................... (0.052 m.).
2,979,952
1891... ,(G,226 to 0.401 m .).
3,312,309
1892...,.(0,4.5 to 6,514 in.).
3,420,870
1893...
T e x a s Sc P a c i f i c —
1890..
i
544,420
1891 . ............... (1.497 m.).
i
507,5s9
1892..
,
504,687
1893 . ................(1,497 m .)
*505,392
1! n fo n P a c i f i c —
1090.................. (n.0/5 m.)
2,729,521
1891.. ................(8,144 m.)
2,779,023
1892.. .(8,148 to 8.158 m.j
2,920.415
1893 . ............... (3,100 ra.),
W u bash —
1890.. ............... (1.921 m.).
9.30,839
1891.. .............. (1,983 in.),
944.036
1892.. ............... (1,933 ra.)
1,087,850
1893.. ............. (1,983 m .)
1,019,840
W is c o u s in C e n t r a l—
1890
..................... (828 to 867 m .).328,614
1891
................ (807in.).
326,502
1892
.................(867ra.).
408,307
1893 ............................ (807m .).
*330,338
M arch .
April.
M ay.
%
524,244
June.
$
573,335
558.010
035,005
$
515,264
591,840
051,849
571,495
670,832
$
439,050
544,089
019,970
130,114
139,13?
163.473
109,033
117,355
140,316
105.268
134,275
180,577
633,981
051,055
631,399
620,855
082,483
718.923
1,943,052
2,169,242
July.
%
451.503
Aug.
$
S e p t.
Nov.
Dec.
Torn
574,383
793,844
772,009
$
594,021
654,957
719,200
$
031.056
672,735
750,088
0,4"'“
7,37
7,90_.
O ct,
I
037,815
053,077
470,090
004,373
630,147
$
490,131
023,470
031,379
99,489
132,240
178,191
124,326
151,831
178,483
122,997
151,110
174,213
152,820
200,759
170,804
170,307
222,503
200,845
155,500
100,147
206,251
134,274
155,404
179.194
1.510..
1.822.,
703.240
708,780
746,824
046,875
737,499
770,018
083,620
795,820
850,452
753,774
785,858
901,090
802,392
1,039,753
998,090
1,062,707
1,149,818
1.040,374
805,174
953,400
905,843
898,279
904,402
954,700
9,(
9,731
1.929.375
1,958,429
1,910,490
1,910,912
1,800,588
2,050,747
1,951,271
2.129,206
2,314,115
2,662,818
2,464,118
2,781,751
2,735,288
2,782,333
2,479.829
2,526.759
2,401,095
2,497,029
25,8..
27,687
245,396
294,156
287.205
254,113
281,301
259,087
298,888
276,177
263,480
258,002
250,654
248,093
257,223
200,333
♦243,840
291,943
233,074
*244,532
281,539
277,075
•272,741
325,700
348,370
*297,480
343,352
327,583
*298,345
346,550
340,603
*321,934
3,44'
3,5"
C3.33.,.
271,182
300,995
419,498
277,144
299,337
410,964
29S.050
305,378
418,116
275.359
300.359
400,986
341,167
530,454
430,835
355,008
493,357
447,766
350,007
479,955
448,127
352.005
491,980
473,239
328,827
440,702
425,045
347,202
434,089
449,411
3,784,(
4,739
5,ir~
2,946,522
3,383.973
3,577,284
3.022.979
3,341,010
3,035.848
3,128,094
3,474,437
3,043,403
3,007.097
3,571,802
3,041,198
3,004,827
3,713,430
3,798,039
2.843.522 3,215,886
4,040,502 4,128,055
4,001,441 4,212,115
3,278,919 3,099.581
4,173.063 4.040,088
4,289,878 4,003,509
3,083,950
4,050,980
3,845,898
80,258.
44.204.
45,590
2,242,4.88
2.29L.280
2,472,480
2,345,757
2,234,032
2,495,235
2,497,070
2,449,436
2,617,506
2,426,790
2,584,494
2,742,729
2,504,124
2.818.892
2,784.659
2,798,618
2.940,208
2,077,501
2,569,783
2,935,317
2,806,689
2,712.738
2.89o,289
2,758,592
2,514,425
2,602,881
2,583,144
2,377,035
2,041,502
2,539,137
29,201,
30.085,
30,942,'
452,200
481,949
475,537
481,852
494,927
515,933
527,328
514,832
550,392
528,005
545,619
570,730
572,104
562,784
583,790
578,917
579,318
500,715
529,768
482,779
500.014
6,029,.
0,229.*
190,021
230,204
251,910
174,693
228,080
281.4S4
190,100
240,309
306,118
191.539
272,515
332.939
240,083
298,165
351,380
280,098
290.899
355,835
245,465
282,705
308,201
240,023
293,057
300,400
214,361
255,195
279,594
200,435
247,829
280,717
2,461,1
3,056.
3,473,'
102,722
108,302
120,759
122,095
1^0,933
134,939
144.471
145.747
151,591
150,054
155,373
155,002
149,799
157,705
100,436
147,812
149,743
102,557
145,716
158,124
163.932
163,228
159,151
108,484
145,119
143,792
149,819
130,048
13^.030
118,549
1,592,
1,050.0
1.713,fi
649,297
720,135
774.249
092,636
703.052
7.08,320
707,670
764,819
709,558
090,914
702,797
780,898
749,588
760,776
801,104
776,727
828,923
933,449
802,493
820,770
918,194
809,359
870.910
942,307
771,195
830,904
809,710
695,277
791.753
904,011
8,577,1
9,189,0
9,952,8
558.373
537,3o5
514,081
556,940
542,979
542,282
538,972
549,359
550,991
548,852
570,817
565,171
579,890
500,194
587,086
553,098
612,108
653,200
008,278
625,919
050,070
590,386
651,679
712,230
536,141
5 ‘ 5,408
623,008
483,460
613,598
630,018
0,603,7
6,820.5
7,191,2
1,676,531
1,777.946
1,878,678
1,923,073
1,005,201
1,761,451
1.904.771
1.902.772
1.724,375
1,930,404
1,895,832
2,060,009
2,015,316
1,900,470
2,196,298
2,120,600
2,054,297
2,228,005
2.508,222
2,718,888
2,609,239
2,923,820
2,993,3)10
3,948,286
2,599,311
2.530,000
2,392,042
354,703
348,427
338.989
314,650
309,242
297.373
362,001
332,703
310,117
305.905
304,927
302,017
320,410
850,388
329,540
411,104
418,238
422,344
392,380
408,008
410,328
396,408
401,958
393,691
328,005
322,211
326,064
330,525
378.U08
349,040
4,139,9
4.217.2
4.172.2
5.470,715
5,218.706
5,449,804
5,619,357
5,379,000
5,740,730
5,703,0:33 5,172,004
5,385,252 5.440,055
5,07h
,245 5.592,835
5,374,466
5,679,782
5,578,672
5,930,855 5,780,339
6,212,375 0,159,557
6,226,607 6,098,024
0,192,101
0,408,100
6,290,883
5.059.807
5.094,725
6,017,282
5,805,319
5,796,829
5,934.923
66,202,9
07.426.8
68.841.8
1,508,747
1,551,400
1,820,593
1,070,990
1,610,326
1,701,441
1,728,335
1.779,222
1.829,209
1.867.C87
1,82*),849
1,017,296
1,840,983
1,930,874
1,881,253
1,824.705
1,963,775
2,022,646
1,932,712
2.124.901
2,164,922
2,123,831
2,240,019
2,248,219
1,895,787
1,950,357
2,003,150
1,080,111
1,881.522
1,908,367
20,985,6
22.049,2
23.073,0'
1,204,027
1,354,963
1,750,906
1,395,577
1,305,690
1,030,304
1,490,071
1,523,333
1,641,002
1.002,400
1,003,421
1,851,606
1,795.841
1,879,403
1,835,499
1,747,847
1,947,729
1,971,337
2,097,110
2,348,209
1,902,048
2,151,900
2,673,133
2,076,804
1,969,472
2,419,943
1,606,377
1.784,423
3,317,735
19,161,5:
21,489,71
2,713,374
2,000,363
3,571,559
3,072,573
2.916,023
3,331,745
3,218,406
3,302,555
8,470,211
3,469,494
3,484,270
3,708,902
8,030,824
3,010,337
3,710,752
3,572,552
3,911,504
3,993,984
4,029,828
4,473,230
4,007,571
4,275,731
4,920,052
4,325,083
3,865,259
4,370,300
3,292,488
8,005,y45
5,288,102
40,127,2
43,535,91
*1,000,895
1,120,070
1.071,980
*945,300
1,083,545
987,420
1,001,460
1,053,725
942,325
923,949
963,931
900,844
1,021,580
1,107,020
947,430
1,131,611
1,115,355
1,195.071
1,175,514
1,379,354
l,396,8u4
1,211,020
1,210,020
l,l85,03o'
1,158.220
98,985
109.097
123,071
97.062
100,403
116,130
101,774
106,063
100,416
95,233
100.715
116,643
109,023
114,890
114,311
120,653
121,163
135,245
131,260
135,152
145, = 5
23
140,271
150,808
153,841
123,575
125,315
141,047
125,426!
135,190
143,818
270,911
336,418
031,973
259,873
287,950
302,078
290,927
2v
'5.374
303,382
262,292
270.045
292,043
307,441
322,510
*338,780
365,788
349,400
*394,116
386.639
4-47,131
*426,180
490,967
577,207
*513,300
423,059
505,755
*409,429
466,670
4S0,582|
*517,900
1
112,718
108,471
149,310
105,912
114,952
137,418
120,040
170,948
129,930
111,153
107,925
1.84,048
140,964
157,U3«
203,457
138.094
152,416
192,799
164,000
182,777
229,118
173,013
247,541
248,499
142,304
200,572
217,659
115,430]
141,282
186,292
3,552,032
3,709,440
3,658,420
3,850,508
3,743,327
3,752,620
4,154,857
3,941,225
9,602,598
3,895,742
4,051,980
3,900,473
4,079,519
4,288,917
4,132,297
4,483,770
4,516,257
4,593,055
4.705,800
4,892,207
4.700,051
4,900,950 4,385.626
5,238,654 4,767,908
4,860,95 L 4,487,700
4,010,695
4,134,280
4,085,423
48,352,50
50.449,81
48,971,S
S
504.457
505,454
532.458
525,681
531.903
471,277
502,904
400,040
411,042
467,100
493,348
418,265
514,904
514,461
502,307
574,817
530,70 ^
513,800
088,608
000,110
615,305
861,495
900,534
800,522
720,431
700,454
794,839
702,700
735,040
810,783
7,327,71
7,220,46
6,987,70
3,658.300
3.272,980
3,298, 01
3.081,207
3,325,810
3,218,242
4,167,541
3,419,427
3,400,915
3,910,077
3,524,741
3,920,413
3,949.335
3,580,289
3,750,150
3,984.309
3,82s,096
4,075,290
4,053,946
4,319,050
4,585,21s
4,436,022
4,714.032
4,6S1,511
4,102,053
4,376,434
4,235,233
8,295,942
3,750.807:
3,722,014!
...........
1,050,348
1,023,388
1,134,705
1,000,316
995,138
1,052,952
937,784
1,038,640
955,309
970,9^4
1,047,300
1,112,083
1,110,178
1,291,850
1,115.302
1,194.406
1,373,470
1,415,427
1,193,632
1.356.142
1.400.142
1,278,076
1.333,631
1,411,780
1,070.892
1,203,980
1,185,775
1,125,1911
1.318,190
1,151,958
390,983
406,576
490,486
394,207
404,018
431,009
452,495
390,705
440,796
442,717
420,527
517,832
483,730
181.078
521,987
502,351
494,827
554,0o3
508,170
492,389
562,022
537,001
500.014
574,070
457,745
451,041
507,379
t
2,022
........
• A p p ro xim ate flgures.
+ A n d 60 m iles o f canal.
I $253,232 deducted fro m earn in gs on account o f m all service n o t allow ed .
a W e s te rn & A tla n tic in clu d ed fro m J u ly l, 1891.
0 E m bracing corrections fo u n d necessary a fte r m onthly totals had been published,
s F ig u re s are giv e n In M ex ican ourrenoy.
0 , 220,
2,281,279 24,402,7
1,985,446 24.955.4
1,858,035 24.702.4
2,130,
430,007!
475,0251
435,3051
@FedFRASER