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Commercial
&
Jtinancial Qhronicle.
UVUay
26,
VOLUME
WILLiAM
102
R.
DANA
W11,LI A M
&
18BS.
X L V I.
CO., PUBLISHERS,
STREET, NEW YORK.
The Investors' Supplement is issued once in two months, viz., on the last
Saturday oi
January, March, May, July, September and November, and one copy of each issue is fur¬
subscriber of the CHRONICLE.
Extra copies are sold to subscribers of
CHRONICLE at 50 cents each, or to others than subscribers at $1 per copy.
nished to
the
every
Entered &oooi*dlmr to Act
of Congress in the year 188^
by Wiiajam B. Dana & Co., in the office of the Librarian of
Congress, Washington, D. C.}
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BANKERS,
i
-
#
A7assau
25
COR.
OF
CEDAR
Transact
.
4
'
y
Street\
ST.
NEW
YORK.
general banking business.
Receive deposits subject to check at sight.
Allow interest on daily balances.
Deal in railroad bonds, and
State, County and Municipal securities.
Make collection of drafts, notes, dividends and
coupons throughout the United States and Canada.
Give special attention to
consignments of bullion, and make liberal advances on same when desired.
And invite correspondence.
a
THE
OLDEST
AND
LARGEST
IN
AMERICA.
[ESTABLISHED 1872 ]
THE
OF
Cash.
Capital,
Assets
cl
and.
Bonds of
-
NORTH
-
AMERICA.
$300,000
-
Resources,
over
-
040,000
Suretyship for Officers and Employees in Positions
of Trust.
HEAD
Hon.
JAS.
FEBRIEP.
OFFICE, MONTREAL.
President.
Sir .ALEX.
EDWARD
RAWLINGS,
T.
GALT, Vice-President.
Managing Director.
NEW FORK DIRECTORS:
JOS
W.
DREXEL,
Late of Drexel, Morgan & Co.
LOGAN C.
JOHN
PATON,
John
MURRAY,
JAMES
Pres. U. S. National Bank.
\V. BUTLER DUNCAN,
Pr s. Mobile & Ohio Railroad.
New
York
I>. J.
Paton & Co.
E.
PULFORD,
GEN. E. F. WINSLOW,
Pres. St. Louis & San ETan. RR.
Office,
111
Broadway.
TOMPKINS, Secretary.
THE GUARANTEE COMPANY OF NORTH AMERICA
was
the
original
company
to introduce Corporate
Suretyship into the United Spates.
It is the only Company whose business is confined to gua anteeing officers and
employes of Banks, Railways,
Commercial and Financial Institutions, and whose capital and assets a*e not involved upon other classes of insur¬
ance, nor upon bonds of large amounts and indefinite duration requi ed by the courts.
It transacts the la’gest guarantee business in America, and offers the most favorable terms consistent with a
continuous and unquestioned security.
ANNUAL
REVENUE
OVER
$'170,000.
CLAIMS
PAID.
#567,6§§ 97
nbestars’
OF
$nplcmcnl
THE
Qowmercial~& Financial Qhronicle.
[Entered according to
VOL.
act of Congress, In the year
46.
1888. by Wm. B. Dana
NEW
INVESTORS’
YORK,
SUPPLEMENT.
MAY
published on the last Saturday of every other
month—viz., January, March, May, July, September and November;
and one copy of each issue is furnished, without extra
charge, to all
of
the Commercial anl» Financial chronicle.
any issue are sold to subscribers at 50 cents each,
subscribers at $1 each. No subscriptions arc taken
Supplement apart from the Chronicle Annual
subscription price to the Chronicle, including the Investors’ Supple¬
ment, is $10 20 in the United States and $1L 2a in
Kuiope; these prices
postage.
WILLIAM U. DANA At CO., Publialiens
102 William Street, New York.
roads.
growth and extension of the railroad system
country, and the increasing investments, in railroad
secuiities, the furnishing of frequent, prompt and regu¬
lar information
41
10 and 17
10
19
.
32
34
Cincinnati Jackson A: Mackinaw....
Cincinnati New Orleans As Texas Pacific.
Colorado Midland:
_*
.
Denver Texas As Fort Worth...
Duluth South shore As Atlantic
Fart Tennessee Virginia As Georgia.
Port Worth As Deliver City
'
Galveston Harrisburg As San Antonio. Sec Southern Pacific
Graud Rapids As Indiana.
See Pennsylvania RR
Gulf Colorado As Santa Fe
Houston As Texas Central. See Southern Pacific
Illinois Central
International As Great Northern. See Missouri Pacific
Jacksonville Tampa As Key West
Kansas City Wyandotte Ac Northwestern
Lake Erie As Western
Louisville Ac Nashville
Louisville New Albany As Chicago
Louisville Now Orleans As Texas...
;.
Marietta Columbus As Northern
Maxwell Land Grant
Memphis As Charleston. See Last Teun. Va. As Ga
Milwaukee As Northern
Milwaukee Lake Shore As Western
Missouri Kansas As Texas. See Missouri Pacific
Missouri Pacific..
Mobile As Ohio
Nashville Chattanooga As 8t. Louis. See Louisville As Nashville
Norfolk Ac Western
Northern Pacilic
Ohio River
Orange Belt
Oregon Short Line.
See Union Pacific
Pennsylvania
:
Philadelphia As Erie. See Penn RR
Philadelphia As Reading
Pittsburg As Western
Richmond As Danville.
See Richmond Ac West Point Terminal
Richmond Ac West Point Terminal
Rome Watertown Ac Ogdenshurg
Shenandoah Valley. See Norfolk Ac Western
St. Louis Ac San Francisco
St. Louis Arkansas Ac Texas
St. Louis Ac Chicago
St. Paul
Minneapolis Ac Manitoba
Seattle Lake Shore Ac Eastern
Shetlield & Birmingham Coal Iron Ac Railway Company
Southern Paeiiio..
Toledo Ann Arbor Ac North Mich
Toledo St. Louis Ac Kajfcias City
Texas Ac Pacific. See Missouri Pacific
Union Pacific
Vicksburg Ac Meridian. See Cinn. New Orleans Ac Texas Pacific
Western New York Ac Pennsylvania
WUcouain Central.
30
38
40
41
See Baltimore & Ohio.
Delaware Lackawanna As Western
Denver As liio Grande
Denver As nio Grande Western
21
28
lo
25
26
Ill
29
:■
with
regard to railroads Iras become a
great importance.
There are to-day in this
country over 150,000 miles of road, and the outstanding
stocks and bonds on this vast aggregate of
mileage can
matter of
millions
of
Moreover,
Page.
Chicago & Northwestern...
Chicago St. Paul Ac Kansas City
Cincinnati Indianapolis St. Louis & Chicago
Washington As Balt.
RAILROAD AFFAIRS.
thousand
million dollars.
The
nearly equally divided between the two
is to say, there are over 4,000
classes of securities—that
published in the Supplement
Map.
Alabama Great Southern. See Cincinnati N. 0. As T. P
Atchison Topeka <fc Santa Fe
Atlantic & Pacific. See Atchison Topeka & Santa Fe
Baltimore & Ohio
Buffalo Rochester At Pittsburg
Canadian Pacific
California southern. See Atchison Topeka Ai Santa Fe
Central KR. Ac Banking Co. of Georgia.
Central RR. of New Jersey
Central Pacific.
See Southern Pacific
Charleston Cincinnati Ac Chicago
Chicago Milwaukee Ac St. Paul
Cincinnati
TO
not be much less than
RAILROAD MAPS IN THE SUPPLEMENT.
now
AS
of the
investment is
The railroad maps
include the following
1888.
26,
With the
The Supplement is
cover
Co., in the office of the Librarian of Congress, Washington, D. C.]
INFORMATION
TERMS:
regular subscribers
Additional copies of
and to persons not
for the Investors'
<fc
19
43
45
47
49
54
50
52
54
Ill
92
50
Ill
58
70
00
02
04
07
09
70
72
127
52
75
73
70
76
79
07
84
80
89
90
117
^2
92
94
97
99
99
101
84
105
102
104
107
109
110
Ill
113
115
76
117
41
121
123
stocks
and
over
4,000
millions of bonds.
adding to this investment, even in the
times, at the rate of many millions a year.
Ownership in any property of course carries with it
the theory of a right to a full
knowledge of the condi
tion of that property—its income, finances, current
oper¬
ations, &c. Aside from that, however, full and regular
information in this case is especially necessary because of
the great and rapid changes that take place m the United
we are
dullest of
States from year to
The circumstances and sur¬
roundings of to-day may be entirely different to-mor¬
row.
Then, too, by reason of our position as a new
and
the
conditions
country
under
which
our
commerce is carried on,
trade and industry are sub¬
ject to sudden and wide fluctuations. Wo pass from a
condition of extreme buoyancy and elation to a state of
depression and despondency. Our legislatures prescribe
maximum rates to be charged, but never minimum.
They
make all sorts of regulations to govern railroad opera¬
tions, butdn only one or two States do they undertake to
regulate the introduction of rival and competing roads,
or
attempt to shut out speculative ventures whose
only object it is to prey upon existing corporations.
Tnere are many legitimate but mistaken ventures which
have the
same
year.
result.
Where the stockholder
or
bondholder has
no
knowieuge
represented oy his
investment, he is liable to become the victim of every
designing rumor put afloat with intent to deceive. ' If the
exhibit is good, he is entitled to know it.
if it is bad,
it will do more harm to conceal it than to publish it.
There have been repeated illustrations of the truth of
this.
Absolute concealment of course is impossible. The
facts and figures can be withheld from the great mass of the
public, but an inkling of their nature is pretty sure to
leak out, and with this as a weapon the fears of the timid
are
worked upon and uneasiness and alarm
produced,
quite frequently when there is no occasion for it. The
unfavorable circumstance is magnified many times.
The
investor may be suspicious of its correctness, and js k
cannot help feeling uneasy.
Rumor may be right— 'vhat
as
to
the
condition
of
the property
SUPPLEMENT.
INVESTORS’
2
unlikely he sells out, only to dis¬
cover afterwards that there was no real cause for alarm and
if it should be ?
So not
that he would have done better to have retained his
same criticism applies with regard
back of favorable facts and statements.
ings. The
hold¬
to the keeping
good deal about “ cooked ” reports. But
instances of that kind are comparatively rare.
It fre.
quently happens that the information is not as full as it
should be, or the report may lack clearness and distinct¬
ness, but deliberate and intentional deception is practiced
so seldom in official reports as to deserve very little place
in a discussion of this kind.
Besides, a “cooked’’ report
which bears on its face the evidence of its having oeen thus
treated, loses much if not all its capacity for evil. As re'
gards the positive falsification of accounts, that is hardly
ever resorted to.
In an experience extending over twenty
years, we do not recall half a dozen such cases.
The
speculative or designing railroad manager is far too clever
to permit or encourage tDat kind of thing.
He has more
subtle and insidious means for accomplishing his ends.
He seeks to work upon natural fears or to undermine
public confidence, or he will encourage false hopes and
expectations, always taking pains to keep within the law.
It is pleasing to state, however, that the number of this
kind of managers has never been large, and is now less
than ever; and that the vast body of our roads are to-day
honestly and fairly managed—solely in the interest of the
public and the road’s security-holders. Where damage is
done, itjfollows not from “cooked’’ reports, but from having
no reports at all.
It is to the credit of railroad managers, too, that as a
rule they are anxious and willing to meet this call for in.
formation.
The Chronicle has pursued the business of
collecting railroad information for nearly twenty-three
years, and can truthfully affirm that the right to a knowl.
edge of a road’s operations is to-day more generally recog¬
One hears
a
nized and conceded
than
ever
before.
Our constantly
expanding tables of gross and net earnings, as well as the
full and complete information contained in our Investors’
Supplement, attest that fact, for they indicate not only the
growth of the railroad system, but also an increasing dis¬
position upon the part of railroad officials to furnish
accounts of current operations.
There was a time when
some railroad
people were inclined to treat the rights of
security-holders in that respect with indilference, if
not
with positive contempt.
But that was- some
years
ago,
when
railroads represented
largely
speculative interests,
instead of
solid investment
interests, as now. With the growth of this investment
interest, autocratic and arbitrary practices have been in
great measure
also
one more
abandoned, a more enlightened policy,
as
befitting the times and present, requirements?
results
fVoL. XLVI.
monthly statements of esti.
issued from ten to twelve days
month, comprise from 105 to 115
roads, covering not far from one-half the mileage of the
country. In that tabulation we embrace chiefly roads
which furnish early preliminary figures.
In addition
there are numerous companies that give only figures of
actual earnings when finally determined—say from three to
six weeks after the close of the month to which they relate.
There are almost as many of this latter class as there
of the
The
labor.
mated gross earnings,
after the close of the
weekly
monthly statements of gross earnings from over 200
companies, operating, roughly, 115,000 miles of road. Even
our
monthly statements of net earnings cover between 70
are
of the
other
kind,
so
that altogether we get
or
and 80
roads, and there
in time for
some
net
that
are
statement.
others which do not report
In
other words there are
90 roads which furnish gross
earnings, expenses and
earnings monthly.
Of
course
these
statements differ in
value.
The most
give first weekly and
monthly approximate earnings, and later on full state¬
ments of earnings and expenses.
Then there are a few
which give along with the monthly earnings and ex¬
penses items of fixed charges, and these constitute, of
course, the
very, best statements of current informa¬
tion furnished to security holders and the public.
The
number of companies furnishing such statements, how¬
ever, is very limited.
The Nashville Chattanooga & St.
Louis, the Cleveland Columbus Cincinnati & Indianapolis
and the Cincinnati Indianapolis St. Louis & Chicago, and
one or two minor companies, are about
all there are that
supply these openly to the public.
It would be an excellent tuing if all companies could
be induced to make monthly exhibits of earnings, ex¬
penses and charges, but at least earnings and expenses
should be insisted on.
It is worth noting that consider¬
able progress has been made in this direction in recent
years.
For instance, the Baltimore & Ohio has lately
begun to make such returns, so that we now get monthly
statements from all the four leading trunk lines to New
York, though the New York Central does not publish ex¬
penses till at the end of the quarter. In the Northwest, the
Chicago Burlington & Quincy is the only road of promi¬
nence that issues monthly statements of net, though nearly
all, except the Rock Island, furnish figures of gross earn¬
ings. In the Pacific section, on the other hand, we have
almost every prominent company, such as the Northern
Pacific, Canadian Pacific, Oregon Navigation, Southern
and Union Pacific, besides the Atchison, Denver & Rio
Grande, &c. The Southern group of roads has an excel¬
useful
lent
exhibits
are
those
which
representation—embracing the Georgia Central, the
Richmond & Danville, the East Tennessee, the Norfolk &
Western, the Louisville & Nashville, and a host of others.
The sources of information at the present time may be The coal roads are represented by such leading carriers
briefly classified under four distinct heads. (1) Reports as Central of New Jersey, the Philadelphia & Reading,
being adopted.
„
earnings weekly and monthly, (‘2) annual reports in Pittsburg & Western and Western New York & Pennsyl¬
pamphlet form once a year, (3) annual returns to State vania. From the Middle Western section we have the
Railroad Commissioners, and (4) quarterly statements to Wabash, Cincinnati Indianapolis St. Louis & Chicago,
&c,
About the only part of the country from which no
the New York State Railroad Commissioners.
It is scarcely necessary to say that tbe first of these returns whatever—not even plain statements of gross
possess very great value,
it is chiefly owing to the sys¬ earniogs—can be. obtained, is the New England section.
tematic and untiring efforts of the publishers of
the The roads there are very conservatively managed, but the
Chronicle that these weekly and monthly reports now managers will not recognize the right of security holders
play such an important part in the every day business of to information oftener than once a year. It is to be said,
the investment world.
For 23 years the Chronicle has however, that the securities of these roads.are very closely
been devoted to obtaining and publishing these returns, held, and in many instances almost entirely by those in
As for the outside holders they seem content so
the publishers striving by every means at their command control.
to get statements from all the railroads in the country. long as the properties continue prosperous and earn their
It is easy to conceive that they might become
How well they have succeeded may be judged from the dividends.
of
INVESTORS’
May, 1888. J
clamorous for more frequent exhibits if by any mis¬
hap dividends should be interrupted or reduced.
very
It behooves those interested in railroad securities every¬
where to see that where
regular returns are being fur¬
nished, no lapse is allowed to occur, and that, on the other
hand, the companies now delinquent be induced to take
up the practice
There is danger, business being less
active and earniogs not so uniformly good as heretofore,
that some companies may fall back into old habits, and
again withhold tr e current statements. That is a step
backward which should not be permitted.
In fact, it is
just now that the returns will be particularly useful, when
there is considerable doubt
business.
as
As soon, iherefore,
to the course of
there
traffic and
SUPPLEMENT.
3
first
place the investor is furnished with accounts of cur
operations four times instead of only once a year,
and in the second place the returns throw much light upon
the operations of roads outside of the State, but having
some lines
projecting within the State and thus coming
within the Commissioners’ jurisdiction.
To this latter
class belong the Boston & Albany and New York
New
&
Haven
Hartford, from
which previously
no
could
obtained
once a
reports
be
except
year.
The Lake Shore, too, in this way supplies quar
terly statements. As these statements furnish such a de¬
sirable precedent for other roads and States to follow, it
is well to have an illustration of the form on which they
are modeled, and
accordingly we take from la9t week’s
Chronicle a copy of the Erie statement for the quarter.
The balance sheet is supposed to be a transcript of the
general ledger at the end of the quarter, but no compari¬
son with other dates is required, though such a compari¬
son is made in the following.
In the case of the income
statement, however, the comparison with last year is part
of the requirement.
rent
indications
it should if possible be
speedily checked. The usual course is to delay giving out
the figures for a time, claiming that there are some ntricacies of accounts that prevent earlier publica’ion, and then
finally to stop furnishing the statements altogether. It un¬
doubtedly takes several weeks to make up tie expenses,
since vouchers and bills come in slowly; but there is no
1887.
1888.
reason why actual figures of
gross earnings should not be Gross
$5,933,030
earnings
$6,068,881
3,914,770
4,013,542
ready within twenty days after the close of the month. The Operating- expenses
New York Central exhibit of gross earnings comes out
$2,018,260
Net earnings
$2,055,339
Less leased lines’ proportion
520,375
517,153
ten days after the close of the month, and the
figures are
Balance...
$1,497,885
$1,538,186
never
Income from other sources
167,640
155.082
subsequently changed.
Of course monthly statements of any kind should be
Total income
$1,665,525
$1,693,268
Deduct—
supplemented at least once a year by a full and complete Interest mi debt
$1,274,338
$1,273,464
604,367
571,615
Taxes, rentals,
exhibit of all the company’s operations.
It is here that
Total
$1,878,705
$1,845,079
the value of the annual reports comes in.
On account of Balance
def. $213,180
dcf.$151,811
the work involved in their compilation, these reports are
CONDENSED HALANCE SHEET.
necessarily somewhat delayed, but their issue should not
Assets.
he so long ..deferred as to make them practically useless,
Mar. 31. ’88.
Sept. 30, ’87Cost of road and equipment
$14,529,487
$14,138,568
except as a record, as so frequently happens. The opera¬ Construction of branch lines
825,631
836,705
3,124,935
3,423,035
tions of the Pennsylvania HR. are certainly as complex as Stocks and bonds of other companies
Amounts paid on account of equipment..
2,680.343
2,834,987
1,128,218
1,191,696
any in the land, and yet a full report of the work of the Supplies on hand
Bills receivable
195,437
40,031
1,557,108
calendar year is submitted to stockholders early in March. Due by agents and others, acc’t of traffic
1,953,472
Due by companies and individuals—(open
accounts)
1,327,527
1,273,087
On the other hand, some companies are only just now
362,672
Cash on hand and in London
265,429
he estate of the Erie Kail way Company. 146,276,776
146,375,689
issuing their reports for the calendar year.
2,214,683
1,844,970
'Chicago & Atlantic RR Co. advances
This is one of the objections to the annual returns re¬ N. Y. L. E. <fc W. Coal and RR Co. advances.
2,038,225
2,039,338
Advances to other companies
1,144.473
1,125,456
64,167
quired to be made to the State Railroad Commissioner Sundries
45,369
202,272
Erie Coal Cos. etc
The companies tarry so long in filing their exhibits, and
Total
$177,277,846
$177,781,942
then the printer takes so long to put them in type, that
Liabilities.
when the returns finally do reach the eyes of the public,
$77,363,200
Capital stock, common
$77,363,200
8,147,400
8,147,400
Capital stock, pref
they have lost all practical value, /file result is That, Funded debt.
78,550,865
78,550,865
1,571.905
151,156
except in Massachusetts and New York, no one but the Loans and hills payable due
130,033
Interest on funded debt
150,468
1,220,180
1,220.180
student of railroad history or the statistician looks for or Interest on funded debt accrued
5,592
Dividends unpaid
5,838
Due for wages and supplies
2,211,361
takes any interest in these annual returns to the State
2,127,324
Due companies and individuals
(open
Yet they corftain much information
364,392
Commissioners.
accounts)
362,257
Due companies and individuals (on ac¬
which if only furnished in time would be of great service
count of traffic)
427,32
913,123
Rentals of leased lines, «fcc
506,512
663,070
to the investor and the public.
Overdue coupons on 2d Con. Bonds out¬
22,308
standing
22,308
There is, however, one form of report required by law, Sundries
8,472
Profit and loss—surplus
7,260,871
7,592,185
which is exceedingly useful.
We refer to the quarterly
Total
$177,781,942
$177,277,846
reports enforced by our New York State Commissioners.
Similar reports should be required by every State in the
Thus these exhibits are useful, not only as showing curThese reports have now had a trial for several rent income, but as furnishing a full exhibit of debt,
Union.
years, and we think commend themselves to every finances, &c. Of course as far as the current operations go,
thoughtful person. It will be remembered that when the the quarterly return is not so good as the monthly return.
matter of requiring such reports was first broached, and
For instance, the first knowledge that the holder of the Lake
the railroads were given an opportunity to state their ob. Shore has had as to the course of business the present
jections, it was strenuously urged - that the idea was not year on that road came to him on Friday, May 18. It
feasible,—tbat it would involve a great deal of trouble for does not seem right that he should be compelled to wait
the railroads, while conferring little practical benefit upon so long.
Not that the quarterly return might have been
issued earlier, but simply that the results for each month
any one.
Yet the plan has worked well and gives a great deal of might have been given him as soon as ready.
Then with
a small compass,
information in
so that to-day even the the publication of the statement for the quarter, containing
think are ready to admit its usefulness. the balance sheet, and the full and detailed annual report
railroads we
Certain it is that through these returns we get much in¬ which the company issues, he would have absolutely no
formation which could be got in no other way, Jn the reason for complaint, and his cup of joy would be full
of
an
as
intention of that kind,
are
any
i
.
•
STOCK
AND
BOND
TABLES.
NOTES.
These tables are expressly intended to be used in connection with the information
concerning investment matters
week in the Chronicle—to which an index is furnished in the remarks on each
page. Annual reports are in black-faced
The following will give explanations of each of the columns of the tables below:
published from
figures.
we
Description.—Railroads leased
are sometimes given under the lessee’s name.
Abbreviations used are : M. for “mortgage;” s. f. for “sinking fund ”
1. gr. for “land grant;” r. for “registered;” c. for “coupon;” c." for
“coupon but may be registered;” c. & r. lor “ coupon and registered;” r.
for “branch;” guar, for “guaranteed;” en L for “endorsed.”
'
Date of Ponds.—The date of issue is referred to in this column.
,
Miles of
Road.—Opposite stocks, this means the miles of road operated; opposite bonds, the miles covered by the mortgage.
Size or Par Value.—These figures are dollars, showing the denominations or
The figures “100, &r\,” signify $100 and larger.
par value.
Rate Per Gent.
The interest
per annum is given for bonds, but the per cent of last dividend for stocks; g means gold; x, extra: s. stock or
scrip.
When Payable.—3. A J. stands for Jan. A July; F. & A., Feb. & Aug.; M. A 8., March A
Sept.; A. A O., April A Oct.; M. A N., May A Nov.; J. A JX,
June A Dec.; Q.—J., quarterly from January; Q.—F., quarterly from Feb.;
Q.—M., quarterly from March.
Bonds, principal when due ; Stocks, last dividend. —The. date iu this column shows the period when the principal falls due of bonds, but the time
when the last dividend was paid on stocks.
UNITED
Author¬
Size
STATES
INTEREST.
01-
Amount
581 8 1
DESCRIPTION.
izing
4s of
1907, coup, and reg., incl. refund, certfs
4*2H of 1 *91, coupon and registered
3 percents,
Navy Pension fund
Act.
1870 A ’71
1870 A ’71
July 1868
J’y’62A’01
Currency Os, reg
par
value,
j May 1, *88.
14,000,000
04,023,512!
$10,000, $29,(100 and $50,000. The United States currency sixes are all
registered, issued in pieces of $1,000, $5,000 and $10,000, are payable
STATE
Date of
Bonds.
Size or
par
Value.
Alabama—Substitution bonds (A) ($7,000,000).
1876
$100 Ac.
Sufc^titut’n b’ds for RR. (B) ($590,000)
1976
100 Ac.
do
for Ala. A Cliatt. (C) ($1,000,000)
1876
100 Ac.
Funding “obligat’ns” (tax-ree’ble 10-20 yrs.).
1880
Arkansas— Funding bonds of 1809 and 1870.. 1869 to ’70
1,000
Funding Bonds 1870 (Ilolford)
1870
1,000
Devee bonds (or warrants)
1871
loo Ac.
Old debt ineluding interest to 1*81
1838 to ’39
1,000
To Memphis A Little Rock Railroad
1869
1,000
To Little Rock A Fort Smith Railroad
1870
1,000
To Little Rock, Pine Bluffs A N. Orleans RR..
1870
1,000
To Miss., Ouachita A Red River Railroad
1870
1,000
To Arkansas Central Railroad
1870
1,000
California—Funded debt bonds of 1873
1873
500 Ac.
Connecticut—Bonds (sink, fd.) not tax able... twr
1883
1,000
Bonds, reg.
do
do
1884
1,000
Bonds, coup, or reg
1885
1,000
Bonds registered (redeem at will)
r
1887
1,000
Delaware.—Refund’g lids., Her. “A,” “ B” A “C”
1881
1,000
Bonds, redeemable after June 1, 1895.
1885
School bonds
.
....
Dist.of Columbia- Perm’.t imp’t, gold, coup
Permanent improvement bonds, coupon
Bds for fund’g (Act June 10,’79) coup, or reg.
Fund, b’ds (U.S.guar.,Acts June,’74 A Feb.,’75)
Market stock, registered and coupon
M.AN.,1902).
c
c
bds.,act of Sept. 15, 1870.e,tr
Bonds, act of Jan. 18, ’72
c.tr
Bonds to fund
coupons onendorsed bonds.c&r
Bonds exchanged for endorsed RR. bonds.c«fcr
Funding bonds, Act I>t>c. 23, ’84
c<fcr
State University Bonds
,.r
Indiana—Temporary loans held by banks
School fund bonds
(non-negotiable)
Kansas—Bonds, $574,500held in State f’ds
Kentucky—Bonds, gold
Military bonds
$6,747,900
539,000
953,000
954,000
1872
500 Ac.
1873
100 Ac,
1879
100 Ac.
1874
50 Ac,
187?
50 Ac.
1871 to’73
1,000
1872
100 Ac,
1871
100
1873
100 Ac.
1870
1,000
1872
500 Ac,
1876
1,000
1877
1,000
1885
1,000
1882 A ’83
1885 A ’87
1867 to ’87
1866 to ’75 100 Ac.
1884
1,000
1866
1,000
m
m
m
m
m
m
m
m
....
$654,990,072
688.311,102
664,509,568
739,980,601
Rate.
2,698,000
1,000,000
625,000
120,000
156,750
3,166.900
616,200
943,400
14,033,600
1 15,090
375,000
1,600,800
272,100
774,700
2,098,000
307,500
542.000
2.141,000
3,392,000
6
July 1. 1907
Sept. 1, 1891
do
do
Treasury.
1895-0-7-8-9
$P52
151,937,132
5-60
165,475,238
6*08
5’44
$200
discovered in these Tables.
Principal—-Whttu
Payable
Where Payable and by
Whom.
Due.
N. Y., Am. Exeli. Nat.Bk.
do
do
do
do
July 1. 1900
■
j
July 1, 190(5
July 1, 190(5
Jan. 1, 1900
1899
Montgomery.
6
1900
6
7
7
7
rj
4
7
6 g.
3
38s
4
4
6
6 g.
7
5
3-65
7
7
6 g7
6 g.
7 g.
7
7
6
4*2
7
254,000
2,025,000 1 3 A 38a
6
3,904,783
$166,614,631
171,201,282
When
A J.
J. A J.
J. A J.
J. A J.
J. A J.
500.000
1,000,000
1,740,000
any error
J.
4
5
4
7
1,200,000
1,000,000
1,200,000
600,000
1,350,000
349,725.773
1-25
The assessed valuation of real estate is about 70
per cento! the true value.
(Yol. 44, p. *08.)
Delaware. --1'hese refunding bonds issued July, 1881, take up outBMidjujf debt. Series “A” ftTP #£60,000, redeemable 1.886; series “B,
do
do
\J. S.
INTEREST.
6
Co imeeticut.—The debt of Connecticut was all created
originally for
purposes. Assessed valuation and tax rate per $1,000 have been ;
Years.
Real Est. A Personal.
Tax Rate.
—
Treasury A Sub Treas.
!
1,268,000
1.986,773
2,575,063
war
$349,177,597
U. S.
3, coin. |J. A J.
0
J. A J.
l.295,000
Arkansas.—The State Supreme Court decided Levee bonds of 1869
and 1870 invalid ; nor are the Holfordor the Railroad Aid bonds
recog¬
nized by the State. The State is in default for interest.
In Jan., 1883,
a
decision was made by the U. S. Circuit Court,
substantially holding
the railroad companies responsible for the State bonds issued to
them,
but this was reversed and the case appealed to U. 8.
Supreme Court.
The following are otlicial assessments and tax rate
per $1,000:
Real Estate.
Personal.
Tax Rate1384
$81,619,415
$50,403,842
$7
1985
82,273,095
52,133,530
4
18*8 (one county missing)..
85,531,485
53,775,852
5
—(V. 44. p. 421.)
CaliPorilia.—The State holds in trust for School and University funds
$2.3(54,000 bonds of 1873, leaving only $334,000 in private hands.
Assessed valuations and rate of tax per $1,000 have been:
Years.
Real Estate.
Personal.
Tax Rate.
1887
Q.-J.
tered holders.
Outstanding
Alabama.—The “A” bonds bear 5 per cent after 1896. Alabama
A Chattanooga endorsed bonds were exchanged
for $1,000,000 of
the new bonds, Class C.
In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “State obligations.”
Analysis of the
debt and funding of 1876 was given in the Chronicle, V.
24, p. 28.
For the $2,000,000 of State 8
per cent bonds issued to tiie Ala. A Cliatt.
RR. under act of Feb. 11, 1870, the State
gave the lien on the lands
granted to that railroad. 500,000 to 1,200.000 acres. The 10-40’s of 1880,
due in 1900, may be called at par after 1890. The assessed valuation of
real estate and personalty in 1883 was $158,518,157; in
1885, $172,528,933—tax rate $6 per* $1,000; in 1887, $214,925,869—tax
rate,
$5 50; in 1888. tax rate, $5.
1890
,
due.
in “lawful money,”
and mature as follows: $3,002,000 iu 1895,
$8,000,000 in 189(5, $9,712,000 iu 1897, $29,904,952 in 1898 and
$11,004,500 in 1899. The interest on registered bonds is mailed by
check directly'to the holders or to any address requested by the regis¬
Amount
,
g.
4, coin.
pay Tile
Where payable and by
whom.
SEC IT KIT1ES.
....
Georgia— Quar.
i
great favor by giving immediate notice of
DESCRIPTION.
Water stock bonds, coupon
Wash, fund’g, gld,($018,100 are
Florida—State bonds
Gold bonds
j When
Rate.
228,054,600:4 8j, coin.! Q—M.
All the Government bonds except the currency sixes
arq redeemable
in coin, the sort of coin not being specified. The fours and four ami a
halts are issued in bonds of $50, $100, $500 and
$1,000, both coupon
and registered issues, ami the registered bonds also in
pieces of $5,000,
con ter u
!
$50Ac.! fT31.380,350:
50Ao.
50Ac.
lOOOAc.
Principal—When
i-
outstanding.!
|
Subscriber* will
BONDS.
815.000
7
500,000
'4
174.000
6
J.
J.
A.
A.
A.
A.
A.
J.
J.
J.
A.
J.
A
A
J.
O.
O
O.
O.
O.
J.
J.
J.
O.
N.
J.
D.
A
A
A
A
A
A
A
A
A
M. A
J. A
J. A
J.
J.
J.
F.
J.
J.
J.
A
A
A
A
April, 19oo
do
do
do
do
Pliila., Phila.
do
do
do
do
do
Q.-J.
J.
J.
J.
J.
N. \\,
J.
A .T.
A IX
Jan. 1, 1903
Oct. 1. 1910
j
May 1,1*9 7
1891,19oi
1905
June i,
Jan. 1.
do
Jan.
1, 1901
Jan.cl, 1903
Fourth National Bk.
Oct. 1.
do
do
do
do
May 1, 1892
July 1, 189(5
do
do
'
New York A Atlanta.
do
N.
J.
Jam, 1903
1901
N. Y., U. S. Treas.
July 1, 1891
do
July 1, 1891
do
July 1, 1899
do
Aug. 1, 1924
do
July 26, 1892
' do
Oct. 1,1901 A ’03
do
1892 A 1902
do
Various
Various
A J.
do
do
do
do
Nat. Bank.
do
N.Y.,Purk Bk. A Tallahassee
J.
J. A
J. A
J. A
J
A
or
do
do
A J.
A J.
A
1893-94
Sacramento, Treasury.
J.
J.
A.
A J.
9.
*
1899
1900
1900
1900
J. Wash,
Jam 1
J.
1900
18(50
do
Jan. 1,
1890
1889
July 1, 1915
1932-33-31-35.
Y., Winslow, L. A Co.
April 1, ’90 A ’95
do
do
N. Y., First Nat. Bank.
New York City.
July 1.1988 to’99
Frankfort. Ky.
1905
189(5
$300,000, redeemable July 1896 to 1991 ; serin-* “O.” $165,000. redeem
able July, 1891 to 1901. In addition to above, $93,000 is due Delaware
College. There is no State tax levied, nor assessments made.
District ot Columbia.—The interest and sinking fund on the 3-65
bonds are provided for by Congress, and the amount is limited to
$15,000,000.
Real and personal estate, Ac., assessed as follows : ls*i,
real estate, $93,491,891;
personal, $12,715,68(5: tax rate. $15; 1836,
real estate, $96,054,301; personal, $12,532,997; tax rate, $L5; in 1897,
real estate, $112,300,000; personal, $12,000,000; tax, $15 per $1,000,
Florida.—The sinking funds Feb., ’88, held $229,200 bond-*. Or above
the
school, Ac., ,funds held $635,500, leaving outstanding
$411,300. Coupons of all bonds are receivable for taxes. Real and per¬
sonal property assessed iu 1893, $>5,009,560, tax rate $4 pc" $1,000; in
1884, $60,042,655: tax rate $4. Assessment in L89d, $76,011,409 ; tax
rate, $4. In 1887 tax rate $4*50 per $L,000.
Georgia.—Total debt Dec. 31,1887, $8,731,500. After 1*37 state
pays oil $100,000 annually.
The constitutional amendment m 1*77
declared void several issues of bonds and railroad endorsements.
The
482 p. o. bonds, of 1895 were sold to take up other bonds maturing in
1985 and 1886.
Tax rate in 1887 $3*77 per $1,000. Assessed valua¬
bonds
tions have been:
Years.
Real Estate.
$174,452,761
Personalty.
$120,432,609
179,946,059
Railroads
$22,189,901
119.200,739
23,009,291
127,6.(3,112
24,899,592
Indiana.—There are also outstanding $310,090 5 per eeur bonds
due 1901, held by Purdue University; $141,000 State
University bonds
held by Treasurer, and about $19,000 miscellaneous issues ot bond*.
Valuation for 1886, $793,526,079,
Valu ition for 138 7, $791,696 597
tax rare, $L-225: poll tax, $0-50.
Total debt Oct. 31,1887, $6,430,603
Kansas.-Kausas hasbiuasuiaUStatsdebt. bur theissueof municipal
bonds was about $19,397,851 Jan. I, 1887.
Population iu 1881, 1,135,614; in L897, 1,500,000. The valuations ((g of true value) have been ;
1837
Years.
1886
1837
188,912,217
Real A Per'
Rate ot Tax
Total
Property.
per $1,000.
Dem.
$277,113,323
$4 10
$330. >00
310,596.686
4 10
830,500
Kentucky.—Against the bonds as above the sinking fund held
$711,150,Sept.,’87. Valuation iuiSSi, $377,888,542; in 1385. personal ,
sonai
#96,838,919; real estate, $293,989,014; total valuation, $390,327,962
-
May,
STATE
1888.1
SECUKITIES.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Date of
DESCRIPTION.
Size
Value.
8.
explanation see notes on fire'- page of tables.
For
l.
Bonds in aid of various railroads
Bonds to Boeuf A Crocodile Navigation Co.,
1853
outstanding.
$500
1,000
When
Rate.
1870
1869
1857
1870
1871
1869
1,000
100 Ac.
“Baby” bonds, threes
1880
70,000
2,500,000
875,000
11,966,450
1,437,000
1,762,000
2,197,000
1,752,222
5756781 88811
c
1864
1869
1838
1838
0
Maine— Bounty loan bonds
1838-47
ca r
r
o
1,000
m
m
-
m
500 Ac.
100 Ac.
«...
^
-
»
1839
1837
Baltimore & Susquehanna Railroad
b
1839
B
1839
B
1882
b
1878
b
1886
r
1864
500 Ac.
Massachusetts—Bounty Fund Loan
do
do sterling
r
1864
£100 Ac
r
1869
£200
p 1858 to ’61 £200 Ac
1861 to’63 500 Ac.
1871
£‘200Ac.
sterl’g.
p
1875
£500
sterl’g.
11873 to ’74
1,000
1875
1,000
1877
10,000
1860
5,000
1868 to ’69
£200
1874 A’76
1,000
Danvers Lun.Hos. ($900,COO due ’94).c*ct! 1874 A ’77
1,000
Lunatic Hospital, Worcester
....c*«fei 1875-’76
1,000
1875
£500
1865
1,000
Michigan^—War Bounty Bonds.
1881
1,000
1872
1,000
a
m
m
m
m
mm
3,000,000
1857 to ’59
1859 to’60
1854 to '59
Paciflo Railroad of Missouri
c 1853 to '59
1874
Funding bonds
o
do
5-20 years
c 1886 A '87
1874
Hannibal A St. Joseph Railroad, renewal
c
1877
Nebraska—Bonds (act Feb. 14,1877)
c*
1864
New Hampshire—War loan, coupon bonds
1872
Municipal war loan
1879
Loan of 1879 for refunding
1879
Prison loan, $14,000 payable yearly
1863
New Jersey—War loan bonds, tax free
1864
do
do * taxable
1875
New York—
f
[
1873
Canal debt,-(
Under Art. 7, Sec. 3, of
1874
reg. stock. Institution.
(
1885
Niagara Park Loan bds. (held in trust funds).
•
Con-<{
In 1886,
1,898,829
4,379,500
4,022,649
1,005,419
568,538
1,366,500
3,618,242
1,506,182
300,000
1,300,000
370,000
200,000
3,618,729
300,000
1,500,000
1,100,000
1,299,355
231,000
3,965,000
185,000
24,000
1,000
1,000
449,000
1.000
246,000
1,000
1,000
1,000
1,000
1,000
428,000
143,000
143,000
617.000
7,000,000
1,000
1,000
1,000
100 Ac.
1,000
1,000
100
100
100
100
100
Ac.
Ac.
Ac.
Ac.
Ac.
659,000
449,267
150,000
2,206,100
400,000
42,000
702,900
593,400
473,000
4.074.200
1,998,000
1,000
personal. $95,654,572; real estate, $293,204,320; in 1887-
personal, $132,929,408; real estate, $351,519,622.
Louisiana.—1The Constitutional amendment passed Dec., 1879,
provided for a new bond in place of consols of 1874. bearing 2 per cent
for 5 years, 3 per cent for 15 years and 4 per cent afterwards. In
June, 1882, a constitutional amendment passed the Legislature and
was confirmed at the election in April, 1884, giving new bonds at 4 per
cent after Jan. 1, 1885, and doing away with the provision of 3 per cent
for fifteen years. There is considerable overdue interest of the years
1874 to 1880, inclusive. The constitution of 1879 limits the power of
taxation to 6 mills on the valuation, of which only 3 mills may be ap¬
propriated for interest on the debt; in 1884 lhj mills sufficed to pay 2
per cent, but for 1885 a rate of 2"s was made on a total taxable valuation
of $212,725,566.
A suit
Louisiana as assignee of her
the U. S. Supreme
by the State of New Hampshire against
bonds, was decided in favor of Louisiana by
Court.
Main©.—The debt January 1, 1888, was $3,959,000. Market value
of bonds in the sinking fund, $1,188,563. Duting 1887, in accordance
with a new law, all State of Maine bonds in the sinking fund were can¬
celled
Tax rate for 1880, $5-00 per $1,000 of valuation of 1870;
1881-82, $4-50; 1883-84, $4-00; 1885-6, $3*75 on valuation of 1881,
$235,600,000; in 1886-7 and 1887-8, $275 on same valuation.
Maryland.—Total funded debt Sept. 30, 1887, $10,960,535 ; sink¬
ing fund assets, $2,144,205. The State has largely assisted canals and
railroads, and holds $5,638,310 of stocks and bonds ranked as product¬
ive- the State also holds $28,268,781 in unproductive securities, which
includes $25,574,713 on account of Chesapeake & Ohio Canal.
The
State exchanges the “ Defense Loan ” at par for new certificates of in¬
debtedness, bearing interest at 3-65 per cent, redeemable in 15 years.
Assessed valuation, Ac., have been:
Ypars
1885
1886
Real A Personal. Tax per $1,000.
$473,452,144
.
-
476,829,611
485,839,772
$1 87^
T87hi
—(V. 43, p. 217.)
Massachusetts.—1The funded debt, Jan. 1, 1888, was $31,429,680;
sinking funds, $18,964,412. The Hoosac tunnel and connections, which
cost the State heavily, were sold in 1887 to Fitchburg RR.
Cities in
this State are allowed to incur permanent debt to the amount of 2^ per
cent of average
valuation of the three preceding years.
Real
Personal
Total
80,000
Sinking
800,000
July 1,1910
Aprils 1911
Aug. A Boston, Suffolk B’k.
Augusta and Boston.
London, Baring Bros,
do
do
do
do
do
do
do
do
do
A. A O.
& J.
A J.
& J&N
M. AN
J. & J
Varions
Various
J. & J.
J. & J.
J. & J.
J. & J.
M. & S.
A. A O.
J. & J.
J. A J.
Various
•65
Jan., 1914
1887 and 1914
June 1,1880
Oot. 1,1889
Jan. 1, 1880
Jan. 1, 1889
A Co
Q.-J. Balt., Farm. A Merck.
J.
J.
J.
M.
500.000
....
1854-58
O
J.
J. & J.
62,605
m
Bonds to North
D
Q.—J.
■
fundable,
per report of*
Jan. 1,1888.
New Orleans.
Quart’y
_
*
J.
269,000
_
m
1874
&
J. &
A. -&
J. A
298,435
m
•
Amounts not
2,500,000
A. & O
m
1872 to 1906
Jan. 1, 1890
1899
1897
875,000
309,485
31,069
e
due.
July, 1893
■&J N.Y., Winslow, Lanier
2,248,889
^
$11,000
105,000
80,000
260,000
48,000
70,000
A J.
J. & J.
M. A S.
Various
J. & J.
A. A O.
Principal—When
payable and by
whom.
Various
260,000
48,000
1874
J.
80,000
1,000
1,000
1,000
1,000
Where
Payable
$43,115
162,000
do
to Mississippi A Mexican Gulf Canal.
do
school, held by St. Treasurer
do
to N. Orleans, Mobile & Chatt. RR. ...
do
to N. Orleans, Mobile A Texas RR
N. O. Mob. A Texas RR. bonds, end. by Stat e
Consolidated funded bonds(stamped 4 per ct )
-
INTEREST.
Amount
or
par
1830
Bk.
do
do
do
do
do
do
do
April 1,1890
1890
Jan. 1,1890
April 1,1890
[Jan. 1, 1899
Jan. 1,1893
1900 & 1901
Boston, Treasury.
London, Baring Bros,
do
do
May 1, 1894
May 1, 1894
do
do
July 1, 1889
Oct., 1888 to '90
April, 1891 to '94
July, 1891
Boston, Treasury.
London, Baring Bros,
do
•Tan. 1. 1895
do
Boston, Treasury
London, Baring Bros
Boston, Treasury.
July 1,11894
July 1, 1895
Sept. 1,1897
April 1,1890
Jan. 1,1900
Sept. 1, 1896
Boston, Treasury,
Jan.l,’94-Sepl/97
do
do
do
do
do
do
do
do
Various
J. A J. London, Baring Bros. A Co.
M. & N. N. Y., Am. Exchange Bank.
J. & J. N. Y. City. First Nat. Bk.
J. & J. N. Y., Bank of Commerce.
do
do
J. & J
do
J. A J.
do
do
do
J. & J
do
do
J. & J.
do
do
J. A J.
do
do
J. & J
do
do
J. & J.
do
do
J. A
do
do
J. A
do
do
A
N. Y., Kountzo Bros.
A. A O.
M. & S. Bost.‘, Bk. Comw’lth A Con.
do
do
J. A J.
do
do
A J.
do
do
& J.
& J.
Jersey City and Trenton,
do
do
J. & J.
A. A O. N. Y., Manhattan Co. Bank.
do
do
J. & J.
do
do
A. & O.
J. & J. State Comptroller’s Office.
M’y l,95-Scpl/96
Jan. 1, 1895
May 1,1890
1911
July 1, 1892
April 1, 1895
April 1,1894
J’ne3toNov.l3,’8S
-
1889
1889 to '90
1889
1889
July, 1894 A ’9&
1906-7-8
1894-5-6
April 1,1897
Sept. 1, 1880
Jan., '92 to 1005
July 1,1880-'0S
Jan., 1889 to'Ol
Jan., 1889 to 'OS
Jan., '97 tol002
Oct., 1 1893
July 1,» 1891
Oct. 1,180*
$100,000 .yearly
Personal
property, 1882, $810,000,000, and in 1886 and 1887, $945.450,000; in '83, tax rate, per $1,000, $1’82; in ’84, $1-1045; la '85,
$2-04; in'86, $1*27.
Minnesota.—All the old State bonds formerly held by the permanent
school fund have been redeemed or exchanged for4*2S. Minnesota re¬
fused for some years to recognize the “ State Railroad Bonds” of 1858,
to the amount of $2,275,000, but a proposed compromise with the
holders was provided for in 1881, and was carried out by the issue of
the 4*2 per cent bonds.
Sinking fund assets Jan. 1, 1888, about
$1,675,000. Taxable valuations and State tax per $1,000 have been:
State
Years.
'
Real Estate.
Personal.
Tax Rate.
$80,298,879
$1*30
$307,859,774
310,781,118
80,300,000
1*80
83,000,000
1-30
380,000.000
391,723,360
94,846,600
1*90
Missouri.—The tax rate is $4*00 per $1,000. Bonds maturing are
fimd ed iu 5-20 year bonds. Total State debt Jan. 1, 1888, was $13,632,000,including school fund and University certificates of indebtedness,
$3,658,000. The Hannibal & St. Joseph RR. paid tne State $3,000,000
for its debt, but the State refused on Jan. 1, 1882, to pay the coupons on
its own $3,000, 000 of bonds. Litigation between the State and com¬
pany ensued, resulting in a judgment against the company for $476,049,
as due the State on May 11, 1883; an appeal to the U. 8. Supreme Court
is yet pending. The following is a statement of the assessed property
in this State on June 1,1884,1885 and 1886 (on whioh levy of 1887
was made):
1885.
1886.
$495,293,007
$518,803,118
$519,771,078
186,425,373
44,564,997
181,133.128
46,444,835
182,070,408
49,346,327
$751,387,813
1884.
Real estate
Personal property
Railroad property,
Ac.
Total
$726,283,378
$746,381,081
Nebraska.—The State school fund holds $326,267.
ation of real estate, personal, railroad,
and tax rate per $1,000, have been:
Years.,
1884
..
Assessed valu¬
Ac. (33^ per cent of true value,
Valuation.
$126,615,886
Tar Rate.
$7*69i«
133,418,700
7*72**
143,932,570
7*62>»
8121*
160,500,266
New Hampshire.—The debt of New Hampshire was created for war
purposes. The Municipal loan of 1872 was issued to cities and towns,
the proceeds to be applied to their war debts. Total valuation in 1883
1886
Debt.
Funds.
$1,258,452,712 $829,339,811 $31,423,680 $17,731,725
I
1,287 993 899 827,043,710
31,423,680 18,182,672 $227,914,543; in 1884, $231,340,088; in 1887, $241,843,617; tax rate
purposes nearly $1*66 on $1,000 of valuation; average tar
1886“
l|349,493,673 839,409,214 31,429,680 18,964,412 for Stateall
purposes, $13*80.
1887-V.*.’
1,407,660,086 904,865,934
31,429,680 25,151,517 rate for
New Jersey.—The debt was created for war •purposes. Valuation
Michigan.—The debt is oractically extinguished, as the sinkig fund of real and personal property (taxable) was $586,917,360 in 1887.
has sufficient assets to pay the bonds. Equalized valuation of real and
Estate.
Years.
1884
...
..
.....
! Property.
6
INVESTORS’
Subscribers will confer
a
SUPPLEMENT.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
Date of
Bonds.
For explanation see notes on first page of tables
North Carolina—Fund, b’ds (coups.tax-rec’ble).
Old bonds not funded
Bonds to North Carolina RR
fundable, old
Bonds for N. C. RR. issue (tax receivable ops.)
RR. bonds not fundable (Chatham and W.AT.)
Penitentiary bonds, act Aug. 24, 1868
Special tax bonds (in 3 classes)
Ohio— Registered loan of 1881
New 3% loan ($250,000 due yearly after ’89).
’’bie ’92).
Pennsylvania—Reg. bonds, tax fr. (red’l
Reg. bonds, tax rr., due 1904, red. after 1891.
afte
.
1879
....
..
....
1879
....
1868
....
1881
Size
par
Value.
outstanding.
$50 Ac.
$3,096,536
2,014,300
500 Ac.
1,000
1,000
d.,000
2,593,000
1,180,000
1.000
44,000
1,000
11,366,000
202,000
100 Ac.
600,000
by E. T. University (not to be funded)..
Compromise bonds (act of-RIav 20, 1882)
Settlement bonds, act of March 20, 1883
do
do
5 A 6 per cents.
....
1882
....
Texas—Funding State debt (act May 2, 1871)...
Frontier def’se, gold, act Aug.5,’70(red’ble ’91)
Revenue deficiency bonds, act Dec. 2, 1871..
Bonds, act Mar., 1874 (for paying tioat’g debt)
Redemption of debt, act Aug. 6, ’76
Bonds, act April 21,1879
Bonds, act of 1885
2,740,000
5,233,500
1,8 48,400
6,861,100
1,249,600
500,000
....
100
100
50
50
Ac.
Ac.
&c.
Ac.
....
1,000
1,000
1,000
609,000
732,000
152,463
24,050
51,000
13,000
50 Ac.
1,000
1,000
1,000
128,000
500 &C.
500 Ac.
34,900
34,200
320,223
6,139,954
400,000
....
500 Ac.
500 Ac.
1,000
1,000
1,000
|
500 Ac.
100 Ac.
100 Ac.
1883
1872
1871
1,000
1872
1,000
1874
1,000
1876
1,000
1879
100 Ac.
1885
1851 to ’66 500 Ac.
1851
£100 Ac
1871
100 Ac.
18 1
100 Ac.
1872
100 Ac.
1*72
1871
Various
1879
4,200,000
397,000
2,014,000
11,6 2*,400
1,355,300
65,200
499,000
467,000
....
288,000
1,647,000
1,068,900
200,000
....
Virginia— Old bonds, 23 fundable
Old bonds sterling % fundable
Consol, (act Mar. 71) coup, tax receivable
do
do
reg., conv. into coup...
do
(act 1872) “ Pealer,” cp. not rec’ble..
do
do
“ Pealer,” reg. and certifs
Deferred certificates (W. Va.)
1C-40s, act March 28, ’79
cAr
do
do
sterling
“
Riddleb’r” b’da, acts Feb.l4,’82.ANov.29,’84
.
.
....
....
1879
1882
....
100 Ao.
1,663,126
507,203
13.013.700
1,203,530
305,000
526,717
12,691.530
6,570.300
255,700
3,688,4 i2
§565,500,687 infor 1*87, $2 48 $1,000.
tate school tax
1885; $554,828,114 in 1884; $548,495,069 in 1883.
per
New York.—The financial condition of the State has been fortified
by
the payment of all debt except as above.
Niagara loan bonds are held
by State in its trust funds. The sinking funds October, 188 7, amounted
to $3,9c.2,129. The new Capitol building has cost the State thus far
$17,914,875, paid for by taxation. Valuations and State tax rate per
$1,000 in 188 / and for four
years
previous
were:
Real estate.
1880
Personal.
1884
Sfate tax.
$322,468,712
345,418,361
$2,315,400,526
2,669,173,311
$J\50
2'57^
1885
2.762,348,000
332,383,239
2-96
1886....
2,899,899,062
324 783,281
295
1887
3,025,229,788
335,898,389
2'70
North Carolina.—Interest was paid up to
January 188 2 on the
bonds issued to No. Car. RR., as the State holds $3,000,o00 stock and re¬
ceives dividends thereon. The old North Carolina RR. construction
bonds are exchangeable for the new 6s, due 1919 (see V. 35,
p. 132). and
many holders have already so exchanged. The fun ling law of March 4.
1879, provided for funding old ante-war bonds at 40 per cent of the face
value; “ New ” railroad bonds recognized as valid at 25 per cent; fund¬
ing bonds of 1866 and 1868 at 15 per cent. Nothing for overdue cou-
{>ons. Coupons of the new bonds are receivable for taxes. The term
funding ended; but has been continued till M.irch., 1889. If
or
all were funded the new 4 per cents would be $3,009,511.
Special
tax bonds were ignored; also bonds to Chatham RR., 1868,
$1,030,000,
and to Williamston ATarb. RR., $150,000, and for
Penitentiary under
acts of 1868. The special tax bonds are in 3
classes, class 1. bearing
the coupon of April 1869and since; class 2 of Oct. ’69; class 3 of
Apl ’70.
In June,’*7, U.S. Circuit Court decided the suit of
special-tax bondholdholders, ami the case goes to the U. 8. Supreme Court, and in ’87 Messrs.
Morton, bliss A Co. were negotiating a settlement on the basis of a new
4 per cent bond.
Assessed valuation of real estate is about 60 per cent of true value.
Valuations and tax rate per $1,000 have been:
Yeai s.
Real estate.
Total val’ation.Tax 33 $1,000
Personalty.
1882....
$108,988,184
$71,389,341
$180,377,525
1883....
124,135,377
77,037,346
201,222,723
1885....
126,955,679
82,613,417
209,569,096
1886....
120,883,3*2
20 2,4 44,733
1887
210,035,453
(V. 44, p. 744; V. 45, p. 53.)
Ohio.—Ohio has a State debt of only about $3,3 41,000, but
$2-50
2*50
2-50
250
2 00
—
large local
debts, amount ng in 1887 to $54,r,43,696, against $25,957,588 in 1875;
this increase being mainly in city debts.
Valuations in Ohio have bceu
as
follows
:
Real estate.
Real estate.
Personalty.
Personalty.
$663,647,542 $442,561,379
1,160,165,882 $509,913.986
1880. 1,102,049,931 456,166,03 4
1886. 1,173,106,705 515,569,463
1884. 1,145,475,210 528,298,871
1887. 1,185.010,625 520,172,094
—State tax rate per $1,000 for 1888, $2*90.
(V. 43, p. 775.)
Penusylvania.—Total funded debt Jan. 1, 1888 (including that not
bearing interest), W5is $15,692,600; sinking fund assets $10,329,'547.
Revenue is raised principally from corporations. Taxes are
levied on
personal property, which was valued in 1887 at $401,090,000. The
rate per $l,o00 in 1886 and 1887 was
$3.
1866.
Rhode Island. —The debt
was all created for war
purposes. In
net debt, less sinking fund, was $639,496.
The
State valuation of real property up to 1888 was
$328,530,559; tax rate,
in 1887, $1 40 on $1,000.
South Carolina.—The
law
Deo.
January, 1888, the
funding
of
23, ’73, provided for
scaling down the old debt 50 per cent. The consols were again “ re¬
adjusted ” in 1879. The several acts were passed Dec. 3,
1873. Dec. 24,
1878, Dec. 24, 1879, and February, 1880.
In July, 1887, there
were green consols not yet
exchanged, $826,171-; less amount invalid,
$631,373. The old issues yet fundable on Oct. 1, 1887, were
$452,549.
Valuations and rate of tax per $1,000 have been:
Years.
Real estate.
Personalty.
Railroads.
Tax rate.
$77,609,666
87,131,400
87,559,538
86.114,852
—(V. 46, p. 471.)
$41,785,768
48,249,939
46.904.705
42,836.288
$13,767,400
15,227,964
15,263,366
15,521,041
$5'00
5()0
5*50
525
INTEREST.
Amount
or
156182-354. 18.$ 837465.
....
1877
1879
1882
do(inl08er.)($360,000are'i^8,due’88-’89)
1882
Agricultural College laud scrip
1872
Rhode Island—War bonds
c*
1*63
War bonds
o*
1864
South Carolina—State House bonds
1853 to ’61
1
Funding bonds and stock...
1866
Blue Riuge Railroad bonds
1854
Funding bills receivable
1863
Payniont of interest
1868
Funding bank bills
1863
Conversion bonds
1869
J
Deficiency bonds & stock (act 1878)
1878
Consol, oonds and stock (Brown)
1874
Refunding bonds and stock
1838
Tennessee— Funding bonds, act of 1873
1874
Bonds registered, act of 1873
Various.
Held
[VOL. XLVI.
When
Rate.
Payable
4
6
6
6
6
6
6
4
3
5
4
3^ A 4
4
6
npaiPrincipal—When
Where Payable and by
Whom.
aue.
J. & J. N. Y., Nat. Bk. of Republic.
Various Cps. since July ’68 unpaid.
Various
Raleigh, State Treasury.
A. A 0. N. Y. Nat. Bk of Republic.
....
A.
A.
J.
J.
F.
F.
F.
F.
A
A
A
A
A
A
A
A
0.
O.
J.
J.
A.
A.
1909
1868 to ’98
1884 to .’85
April 1, 1919
Cps. since July’68 unpaid.
Coup, of Jan.’69Asinoe unp.
Cps. A A 0’69 A Ap ’70 unp.
N. Y., American Exoil. B’k.
N. Y., Nat. Bk. of Republic.
1868 to ’98
Oct., 1898
1898 to ’99
July 1, 1888
July l,’89-’99
Phila., Farm. A Meoh B’k. ’92
do
do
do
A.
A.
do
do
do
Harrisburg, Treasury.
J. A J. Providence, R.I.H. A T. Co.
....
6
6
6
6
6
6
6
g.
g.
g.
g.
6 g.
6 g.
6
6
4*2
C
6
) 5&6
6
F.
J.
J.
J.
A.
A
A
A
A
A
A. A
J. A
J. A
J. A
J. A
J.
J.
J.
J.
J.
J.
J.
A J.
A
A
A
A
A
J.
3, 4, 5, 6 J.
3
5 A 6
6
7 g.
7 g.
7 g.
6 g5
6
6
5
6
6
6
6
6
3 to 5
3 to 5
3
A.
do
do
J. Columbia, State Treasury.
J.
do
do
J.
do
do
O.
New York.
O. Columbia and New York.
J.
do
do
J.
do
do
J. Columbia, State Treasury
J. N. Y., Nat. P. Bk. A Colurn.
J.
J.
Various
M. A S.
J. A J.
J. A J.
J. A J.
J. A D.
J uly.
■T. A J.
J. A J.
J. A J.
J. A J.
J. A J.
J, & J.
J. A J.
J. A J.
J. A J.
J. A J.
Nashville, Treasurer.
to
Feb.1,1902
’94 to Aug. 1.1904
Feb. 1. 1912
Aug. 1, ’88 to ’92
Feb. 1, 1922
July 1, 1893
Aug. 1, 1894
1877 to ’89
1*87 A 1897
J’ly 1,1875 to ’79
July 1, 1888
July 1, 1888
July 1, 1888
July 1, 1888
July, 1888
July 1, 1893
July, 1928
July 1, 1914
1892, ’98, 1900
Nashville.
do
do
State Treasury.
New York, Bank of N. Y.
do ■
do
do
do
New York A State Treasury.
do
do
State Treasury.
Various.
Jan. 1, 1912
July 1, 1913
July 1, 1913
1891
1911
1892
March 1, 1904
July 1, 1906
July 1, 1909
1890
1886 to ’95
T
18861905
1905
-T.
Contingent
'
1919
1919
Richmond, Treasury.
Tennessee.—A funding law
was
July 1, 1932
passed (act of May 20, ’82> without
the tax-receivable coupon clause, and
giving new bonds at 60 per cent
of the principal and interest of old, the new
bearing 3 per eeut in 1882,S3, 4 per cent in 1884 and 1835, 5 per cent in 1886 and 1887, and 6
per
cent 1838 to 1912.
Exchanges were made in New York July, 1883,
and $3,224,351 of these
compromise bonds were issued. The Legisla¬
ture of 1833 repealed this law and
passed a new one adjusting the debt
on the basis of new bonds at 50
per cent of the face value of old, and
bearing 3 per cent interest; the old State debt proper of $2,1 L8,000 was
made au exception, aud new 5 and 6 per cent bonds were issued for
that
at the face value.
The compromise bonds of 1832,
being 3, 4, 5 aud 6
per cents, are fundable into the new settlement 3s, at five sixths of
the face and interest, up to aud inclusive of
July, 1833. oounous— thus
$1,000 compromise bonds receive $858‘33 in new 3s, and interest since
1883, pai l in cash. All the settlement bonds are redeemable at
July,
option of the State after July 1,1898. Assessed valuations aud
tax rate
per $1,000 have heeu as follows;
'
1884
1835
1*86
1887
«.
Real estate.
$200,212,900
201,097,500
209, L 18,265
214,000,000
Other property’.
$26,631,234
25,6 51,803
24,790,9 L 4
25,500,000
Railroad prop’ty.
Tax rate.
$34,350,170
31,547,582
31,547,532
32,361,000
$3-00
3*00
300
3-00
Texas.—The old liigh-rate bonds
were redeemed and lower interest
bonds issued. Total funded debt Aug. 31, 1837,
$4,237,700, of which
all but $1,245,830 is held by school,
college and asylum funds. Assessed
valuations and rate of tax (iucludiug school tax—$ L*25 in
1887) per
$1,000 have been:
Years.
Real estate.
Personaltv.
.Total val’ation. Tax rate
$347,846,953
37 '*,890,594
379,392.933
404,897,497
$255,213,964
245,121,395
25I,L32.135
245,514,904
$603,060,917
621,011,939
$3
3*75
3 75
3’75
630,525; 123
650,412,101
Virginia.—The old bonds two-thirds fundable and the sterling
bonds carry coupons from July 1869,
except the years 4372-3-4. The
consols, of 1371 carry coupons or Jan. 1375 and since. The 10-40s
carry
Jan. 1831 and since; but the consol, aud 10-40
coupons being taxreceivable, these bonds are generally sold with matured coupons
oil’.
The first funding law of
March, 1871, allowed holders of
bonds to fund two-thirds of their debt into new 6
percent bonds, bear¬
ing coupons receivable for taxes, and receiving for the other one-third
of their principal a “ deferred certificate,”
to he charged to West Virginia.
The act of 1372 repealed the, tax-receivable clause of the
law, aud the
bonds issued under it were called " Pealers.” The McCulloch law of
March 28, 1879. authorized the 10-40 year
bonds, bearing 3 per cent
for 10
years, 4
per cent
for 20 years and 5 per cent for 10
years, coupons tax-receivable.
In February, 1332, the
Riddleborger
law for re-adjusting tbe debt and the
laws familiarly known as
“Coupon killers,” were passed (see V. 3 4. p. 88. The Riddleber.ger
act provided for the issue of
new
bonds, dated July
1, 1882,
into whichali others could be fundedat specified rates below
par, varying
from 47 to 31 on the different classes. This law was also=
amended
aud all bonds offered for
funding after Jau., 1835, were required to
carry the coupon of July, 1835.
Tne Supreme Court of the United
States lias three times passed on the
Virginia laws, aud while sustaining
in theory the principle that the tax-roceivaole
coupon law constituted
(a con'ract with the bondholders, tii-5 court has so far upaeld the sub¬
sequent laws that the coupon clause has been practically defeated.
A
movement
was
begun iu 1835
to
procure an
adjustment of the
“Deferred” bonds or certificates by tlie Legislature of West
Virginia
and the holders of some $<, >00,000
deposited their bonds with the
Farmers’ Loan A Tr. Co., and the certificates of that Co. were listed at
the Stock Exchange.
The sinking funds hold $3,459,770, and the Board of Public Works
$163,200 Riddleborger bonds in addition to those given above.
Assessed valuations have been as follows:
Real Estate.
Personalty.
Years.
1884....
Total.
Tax Rate
$239,826,090
$ 48,974,040
$328,309,0 40
$4*00
256,9 L6,140
84,834.270
400
341,800.410
257,607,935
3 40,760,996
83,152,971
400
2d7,468,760
81,873,963
4*00
339,342,723
44, p. 451, 495, 527, 572, 627, 730 V. 45, p. 512, 768, 847.)
-(V.
1885....
1*86....
1387....
•
CITY
May, 1888.
Subscribers will confer
a
SECURITIES.
great favor by giving Immediate notice of any error discovered In tliese Tables.
DESCRIPTION.
Date of
bonds.
Size or
par
value.
Forexplanations see notes on first page of tables.
Albany, N. Y.—Purchase Congress Hall Block..
City improvement!
1866
1870-’71
1870-’82
Washington Park
1874
New Post Office site
Water debt <$400,000 due 1900-3, are 7s)...
1874-’88
1887-’88
Special Water Commission bonds
New City Hall
1882
Publio Market
1888
1865
Bonds loaned to Albany A Susquehanna RR..
Atlanta, Oa —Bonds for streets, floating debt... 1867-’72
Bonds for A. L. Railroad and State House
1869-’70
Bonds for West. RR. and floating debt
1870 A ’72
1874
Bonds, 1st and 2d series, waterworks
1877
Redemption bonds
do
$52,000 only due 1915 .... 1881 A ’85
Bonds to fund floating debt
1879
:
1884
Capitol bonds
1886 A ’87
Redemption bonds
A-uausta, Oa.—Bonds for various purposes
Various.
...
“
$1,000
$97,000
1,000
1,000
1,000
1,000
418,000
•
r
r
.
Water loan, stock, red. at will after 1916
Funding loan, stock, tax free..
Consolidated bounty loan
Exempt bounty loan
Public parks (Druid Kill)
.r
r
r
r
Park improvement loan
..r
Patterson Park extension
r
Five million loan to Baltimore A Ohio RR.._r
New City Hall
r
Paving loan
r
Funding loan
r
Western Maryland Railroad
r
Jones’Falls ($957,000 are 5sA$455,000 3’65s)r
do
($100,000 are 3?)
Water loan ($263,000 only are 6s)
...r
Harford Run Improve,$250,000 due af.l920.r
Western Maryland RR. loan
r
do
do
Endorsements for Western Maryland RIi....r
do
do
Union Railroad
r
Bangor, Me— City debt proper
.
1,000
145,000
185,000
858,000
349,000
400.000
....
1,000
500 Ac.
1,000
500 Ac.
1,000
318,000
427,000
77,500
120,500
335,000
55,000
500 Ac.
1,000
....
Water loan bonds, coup. (Act Feb. 22, 1875).
European & North American Railroad
Bangor A Piscataquis Railroad
are
1877
1878
1863
1865
I860
1863
1870-’74
1881
1870
1872
1872-’84
1885
1874
1880-4
1882
1887
100
100
100
100
100
100
100
100
......
Androscoggin RR. (guar, by Maine Cent. RR..
Knox & Lincoln Railroad ($23,750 each year)
do
do
(F.AA. and M.AS)..
RR, refunding, $100,0004^8 due 1907
Boston—City debt and Charlestown
City debt registered
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
....
100 Ac.
100
100 Ac.
100
....
1885
1885
1885
Citj'- debt
Suffolk County Court House
West Roxbury, $25,000 payable yearly
Burnt district, sterling loan
Consolidated street improvem’t, sterling loan.
Park bonds, $450,000 4s, duo 1918
Mystic water debt, assumed, part renewed...
Cochituate Water loan, 6 per cent
do
do
5 per cent
do
do
4 per cent
.'
do
do
Sterling
do
do
5 per cent gold
do
do
4ia
do
do
do
4
do
do
4 per cent
do
!.
do
do
3*a per cent
do
do
3 per cent
Stony Brook improve’t, secured byskg. fd...r
brouKiyn—Brooklyn local improvement loan...
Soldiers’aid fund loan
Various.
1»87
....
1873
1869
1887-’8S
1862 to’86
1867 to’76
1875 A ’78
1878
1872
1875-’7G
1879
1879-V80
1883 to’87
1884-85-8/
1887
1887
1861
1865
1866
1865
1863
|
1868 A ’69
1870
1875-’83
Gowranus canal improvement loan, local
do
Bushwick avenue
do
do
do
do
SoutliSeventh st.
do
Fourth avenue
do
do
do
New York Bridge loan, registered and coupon
Bonds for N. Y. & Brooklyn Bridge, cp. orreg.
1860 to ’73
Prospect Park loan, reg. A coup
..
..
1,000
500 Ac.
1,000
1,000
925,000
180,500
137,000
425,000
oi)4,ow
/
482.850
1860 to ’72
8,870,500
9,348,000
....
.
.
450,000
1,391.000
109,000
947,000
230,000
800,000
100,000
4,997,604
2,834,585
.
....
•
•
.
•
....
....
....
....
£100 Ac
£ 100 Ac
1,000
1,350,000
1,000
786,000
4,897,000
13,000
588,000
1,947,274
3,552,000
268,000
686,000
1,978,000
575,000
200,000
500,000
213,000
....
....
....
£100 Ac
....
....
....
....
....
...
1000 Ac
1,000
1,000
394.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
9,245,237
8,019,000
1,000
1.217.000
3,000,000
was $3,529,000, of which $1,434,debt; sinking fund assets (City bonds, etc.), $560,139;
debt, $1,534,861. The loan to Alb. A Susquehanna is secured by
first mortgage.
There are also $62,000 So. Pearl St. bonds due in Nov.,
1888. The valuation of Albany City in 1886 was: Real estate, $00,723,720; personal. $6,154,270; tax rate per $1,000, $18 40. In 1887 real
estate valuation was $61,245,455; personal, $6,326,900; tax ratelet rate, $17 60; 2d rate, $7 60. Pop’n, 90,758 in 1880; 69,422 in 1870.
Atlanta.—The total bonded debt Jau. 1 1888, was $2,220,000. As¬
sessed value of real estate in 1885, $21,023,370; personal, $7,889,269;
tax rate per $1,000, $15.
In 1887 real estate, $24,933,064; personal,
$7,304,703; tax rate, $15. Assessed value between 50 and 75 p.c. of real.
Population, 37,409 in 1880; 21,789 in 1870; about 67,000 Jau. 1, 1888.
Augusta.—Of this debt, $600,000 was issued for railroads, aud bal¬
ance for canal enlargement, waterworks, Ac. Sinking funds, Jan. 1,1888,
$70,000. Taxable valuation in 1887: Real estate, $11,618,175; per¬
sonal, $4,529,946; tax rate, $15 80 per $1,000. In 1885: Real estate,
$11,468,310; personal, $5,088,430; tax rate, $16 25 per $1,000. Pop¬
ulation in 1870, by U. S. Census, 15,389; n 1880, 21,891.
Baltimore.—The Balt. A Ohio RR pays interest on $5,000,000.
Water loan is paid by income of water works, and Public Park by City
Passenger Railway, and against a total debt of $36,369,176 the city is
chargeable with interest on only $18,593,392, and holds productive
assets, including the sinking funds, equivalent to $10,890,665, leaving
on Deo. 31,1887, only $7,707,727 debt over
interest-bearing assets.
The “productive securities ” here include $3,250,000 common stock of
B. A O. RR. There are also held $5,610,500
of unproductive securities.
Population in 1870, 267,354; in 1880, 332,313. Assessed valuation,
near the full cash value, and tax rate have been
was
water
net
Real
Years.
1883
Estate.
$189,913,494
195,416,894
200,775,614
201,339,615
Personal
Property.
$58,889,738
59,496,377
64,784,333
Total
Valuation.
$248,803,232
253,913.271
Rate of Tax
per
$1,000.
15
16
17
16
00
00
00
00
265,559,953
267,839,901
Bangor, Me.—1The loans to Eu. A No. Am. R. K. to Bangor A Pis. R.
R. are secured by first mortgages on those
roals, and interest fullv paid
from the earning,-. The valuations (near full
value) in 1886 were: Real
6 6,500,286
15,000
51,000
55,000
149,000
Albany.—Total debt Jan. 1,1888,
000
50,000
1,000,000
1,000
.
875,000
117,000
40,000
100,000
500,000
....
1878-’82
1879
496,700
684.000
1,704,000
....
500 Ac.
1871-’72
Payable
F.
M.
M.
M.
Due.
6
8
7
8
7
8
5
6
6
A. Boston, Merchants’ Bank. Feb. 1, 1889 to
’94
8
New York.
Mar. 1, ’89 to 1900
N.
New York and Albany.
1910-’21
N. N Y., Merchants’ Nat. Bk.
May 1, 1904
A.
do
do
1894 to 1912
do
do
A J.
do
do
July
1905 to’10
J.
M.
J.
J.
J.
J.
J.
J.
J.
J.
J.
4
Principal—When
Where payable and by
whom.
A
A
A
A
F. A
i,*
A
A
A
A
A
A
A
A
A
A
N. N. Y., Del.& Hud. Canal Co.
J.
New York, Park Bank,
J.
do
do
J.
do
do
J. New York, Fourth N. Bank.
J.
Atlanta.
J.
Atlanta or New York.
J.
New York, Park Bank.
J.
New York and Atlanta,
J.
do
do
Various
Q.-J.
M.
M.
M.
M.
A
A
A
A
1895-’97
J. A J.,
J. & J.,
Jan. 1,
Jan. 1,
Jau. 1,
1892
1890
1902
1904
1897
1911-1915
Jau., 1888-1896
Jan. 1, 1914
July 1, 1916
Augusta, Treasury.
1889 to 1917
Balto., Farm. A Plan. Bank. After July 1,1890
N. Balto., Nat. Mechanics’ Bk. After
July 1, 1916
N.
do
do
After July, 1916
S.
do
do
Sept. 1, 1893
S.
do
do
After Sept. 1,1893
do
do
Q.-M.
After Sept. 1,1890
do
do
Q.—.J,
Jan. 1, 1895
do
do
Q.—.T
Oct. 1, 1920
555,566
185,723
4
200,000
6 ’
5,000,000
Q.-J.
6
1,500,000
Q.-J.
4
500,000
M. A N.
6
800,000
Q.-J.
6
1,000,000
J. A J.
2,212,000 3*65,5A6 Q.-F.
260,000 3 A 3 *2
Q.-F.
4,900,000 4, 5 A 6 J. A J.
500 Ac.
1861
1869
When
4
4
6 A 7
6
5
5
6
6
6
6
2,211,068
410,353
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Various.
Various.
Various.
Various.
Various.
6
7
4^
5,000.000
1,000,000
Ac.
Ac.
1872
1885
1874
1875
1864 to’80
do
138,000
1,791,800
7,306,546
....
100
100
100
100
100
100
......
5s,’97, J.AJ.)
Prospect Park loan
1,000
......
1853
Knox A Lincoln RR.. for stock and coupons
do
do
do
do
....
1869
1869
Refunding bonds
Municipal loan
Bath,Me— Fund, debt ($78,000
Various.
Rate.
1,058,000 4, 5, 6, 7
7
115,000
1,184,000 4, 6 A 7
4
25°,000
6781 8 1
Baltimore—Consolidated loan of 1890.
INTEREST.
Amount
outstanding.
J.
A J.
4
Balto., Farm. & Plan. Bank.
Jau. 1, 1890
1900 and 1902
Balto., Nat. Mechanics’ Bk. After Nov. 1,1920
Balto., Farm. A Plan. Bank. After July 1,1900
Balto., N. Mechanics’ Bank,
Jan. 1, 1902
do
do
April 9, 1900
do
do
April 9,1900
do
do
Aft’r’94,192i&’26
do
do
1904 A after 1920
do
do
July 1. 1925
Balto., Farm. & Plan. Bank.
Jan. 1, 1927
Balto., N.Mechanics’ Bank.
Jan. 1, 1900
Baltimore, Franklin Bank.
Jan. 1, 1895
Boston, Merchants’ N. B’k.
1892
do
do
Nov.,1888 to 1891
do
do
Jan. 1, 1894
do
do
Julyl, 1905
do
do
Jau. 1, 1894
do
do
April 1, 1899
Bos.,Nat. ILAL. B’k A Port.
1897 A 1902
Bos.,Nat.B’k of Com.APort.
1898
Boston, 2d Nat. B’k A Port. Jan. to Oct. 1891
do
do
J. A J.
J. A J.
J. A J.
Various
4
M. A N.
6
J. A J.
6
J. A J.
6
J. A J.
6 A 7
A. A O
4*2 A 5 M. A 8
6
Various
6
A. A O.
J. A J. Bos., Nat. H. AL. B’k A Port. July 1,1888 to’99
$
6
Various •
do
do
l
6
1891 & 1902
4 A Us J. A J.
do
do
1902-1920 & 1907
6
Various Boston, Treasurer’s Offioe. June, 1888 to ’97
4
Various
do
do
Oct., 1888-1914
4 *2g. A. A O.
do
do
Oct., 1889
do
38,
Various
do
1896 to 1916
do
do
314
1895 to 1916
3
do
Various
do
1895 to 1906
5
Various
do
do
Various.
A. A O.
38i
do
do
April 1, 1937
7
do
Various
do
June, 1888 to 1891
5 g.
A. A O. London, Baring Brothers.
April, 1893
5 g- J. A J.
do
do
July, 1899
3A 4 J. A J. Boston. Treasurer’s Office.
1917 & 1937
do
do
3*4 to 6 Various
July, 1890 to 1916
6
Various
do
do
1897 to 1908
5
Various
do
do
1907-1908
4
A. A O.
do
do
1908
5 g.
A. A O. London, Baring Brothers.
Oct., 1902
5 g.
Boston, Treasurer’s Office,
1905-1908
do
do
412g. A. A O.
1909
4 g. A. A O.
do
do
1909-1912
4
Various
do
do
1913-1917
A. A 0.
do
38j
do
1914-1917
3
A. A O.
do
do
April, 1917
4
A. A O.
do
do
Oct. 1, 1917
7
M. A N.
Brooklyn.) ijjfe
1891
7
J. A J.
do
Jan. 1, 1889 to’94
7
J. A J.
do
July 1,1888 to 90
7
J. A J.
do
July 1,1888 to’90
7
J. A J
do
July 1,1888 to ’90
6 A 7
J. A J.
do
July 1,1888 to ’89
7
J. A J
do
1899-1924
si
do
4, 5, 6, 7 J. A J.
1905 to 1928
si v}*
7
J. A J.
do
1924
© *
6
J. A J.
i o
do
1915 to ’24
314
6
6
7
.
•
.
-
.
$6,693,650; personal, $2,831,765.
Municipal property, in¬
cluding water works, $810,000. In 1887, real estate, $6,770,998; per¬
sonal, $2,853,797; tax rate per $1,000, $22 50.
Population. u.,30i ia
1580, 18,829 in 1870.
Bath, Me.—The city holds a first mortgage on the Androsooggin roaa
for tne debt, aud first, second and third mortg’es on the Knox A Lincoln
for its proportion of $895,000 out of a total of $2,395,000 bonds issued
by
estate,
several cities in aid of the latter road.
Tax valuation in 1887-88 was :
Real estate, $2,370,415; personal, $3,226,245;
tax rate, $23 per
$1,000. Tax valuation in 1886-87: Real estate, $2,856,445; personal,
$3,390,195; tax rate per $1,000, $24.
Boston.—The population of Boston in 1880 was 362,839; in 1870,
250,526, against 177,840 in 1860. The gross debt on Dec. 31,1887,
was $48,682,429, aud the total sinking
funds, Ac., applicable to it
$21,034,840, leaving the net debt $27,627,589. The law of April 17, ’85,
limited the taxation in Boston for city purposes to $9 on the
average
valuation of five years preceding, to whicli is added the tax for
city debt
and for State purposes.
Up to Jan. 1, 1887, the debt was not to be over
2^ per cent of assessed valuation, and after that date 2 per cent.
Assessed valuation on May 1 for four years has been:
Real
Personal
Tax
Net Debt.
Years.
1884
Estate.
Estate.
Rate.
$488,130,600
517,495,200
$194,526,053
193,086,500
$17 00
547,170,300
200,454,600
13 40
-(V. 45, p. 727.)
Brooklyn,—The whole city debt
Permanent debt
Water loan
Debt payable from assessments
Tax certificates
Gross debt
Less sinking fund
Net debt
12 70
Deo. 31.
$24,766,064
26,354,395
27,627,589
was as follows Jan. 1,1888 and *87.
Jan. 1, 1888.
Jan. 1, 1887.
$25,807,543
11,073,500
483,000
2,500,000
$26,077,543
10,893,500
1,640,000
2,000,000
$39,364,043
7,349,541
$40,611,042
6,986,219
$32,014,502
$33,624,323
INVESTORS’
8
Subscribers will confer
a
SUPPLEMENT,
great favor by giving immediate notice of any error discovered in tbese Tables.
&■
Date of
Bonds.
DESCRIPTION.
For explanations see notes on
[Vo*.. XLVI.
Size or
par
Value.
first page of tables
INTEREST.
Amount
outstanding.
Rate.
When
Principal—When
Where Payable and by
Due.
Whom.
Payable
•
Brooklyn—( Continued,)—
1857 to ’75
Permanent water loan
Various.
Temporary tax certificates
Certificates of indebtedness
Bonds to pay arrears to county
Arrearage bonds, reg. (redeem,
Award bonds for lands taken
$1000 $11,073,500
2,500,000
....
1884
1884
....
1884
in 1894)
798,305
549,000
....
.
.
.
c&r
Waterworks bonds
Tax loan bonds
Cambridge, Mass.—City bonds
City bonds
c&r
c&r
do
do
do
do
c&r
c&r
c&r
c&r
Water loan
c&r
(only $12,500
do
do
are
5s)
c&r
3*2 &4
4
3 to 7
5,424,536
2,778,382
487,0^4
100,000
150,000
347,000
689,000
315,000
....
25,000
988,000
446,500
218,000
92,800
....
....
Charleston, 8. 0.—Fire loan bonds, coupon
Conversion bonds, to redeem past-due debt...
do
do
do
do
1866
m
m
m
....
m
coup, or reg
Chtltea, Mcuts—Sinking rund bonds
Funded debt, for wafer, $350,000 coup
500.000
....
1878
1879
100 &c.
~
1,000
notes
do
500,&c.
V iicago—Vt ater loan
Water loan
_
Water loan
(refunding)
Sewerage bonds
_
_
1,000
100, «fee.
.
1882
•
do
do
•
•
500 <feo.
•
1880
.
.
.
....
River improvement bonds
Municipal bonds
m
m
1,000
1,000
mm
Municipal and School bonds
500 <fec.
1881
Municipal bonds (refunding loan)
Cook County debt
1865 to ’80 500 <fee.
Cincinnati- B’ds for erection of a WorkhouseX
1868
1,000
Bonds for W ater Works
C3
1869
1,000
Bonds for Common School purposes
1863
P
1,000
Bonds to 0. &M. RR. to purchase whf. prop.. N
1855
1,000
Bonds for ext. and impr. Water W. .CJ, D. & E 1847 to’50 500 &c.
1,042,000
....
4,941,500
250,000
150,000
98,000
194,000
397,000
171,500
750,000
60,000
175,000
100,000
150,000
150,000
Bonds for funding floating debt
A&A2 1847 to ’48 500 <fec.
Bonds for new Hospital
S&S2 1867-’68
1,000
Bonds for funding floating debt
1853
L
1,000
Extension and improve. Water Works.. .K <fcF
1851-’53
1,000
Bonds to purchase Orp’n Asyl. grds. for park.O
1858
1,000
Bonds for sewerage
1869
1,000
#.R
Bonds for improving Gilbert avenue
1869
U
Bonds to build Eggleston avenue sewer... .B3
1869
Bonds for Water "Work purposes
C5 1871-’72
General improvement
1871
W2
Cincinnati Southern RR
1872
do
do
1876
($2,890,000 are gold 6s)
do
do
1878 & ’79
1874
Funding debt bonds, coupon
Park improvement (Q. $15,000 6s)
1875
1875
Water-works bonds
D1
Bonds for McLean Ave. sewer ($35,000 5e) U2
1879
1876
Hospital bonds
S3
1,000
1,000
100.000
1,000
300,000
1,000
600,000
500 (fee.
500 &c.
5
5 g6
6
4
3*2
6
4 & 5
3*2
7
7
6
4
6
6
4
4 to 7
7 3-10
7 3-10
6
6
6
6
7 3-10
6
6
6
7 3-10
7 3-10
7 3-10
7
7
7 3-10
8,190,000
4,825,000 6g. & 7-3
6 & 7
2,258,500
7
995,000
6 & 7
65,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
University
H2
1888
Various
Street bonds, 5 series, part each vear
Consol, s. f. bonds, 30-50 yrs. (Act Apl. 9, ’80, 1880 6c ’81
1,000
Assessment bonds
U3&U4
Work House and Infirmary ($19,000 4s).
1882
100
1881
100 &G.
Deficiency loan (redeemable after 1891)
1885-’86. Various
Deficiency and pavement bonds (10-20 yr.)
1887-’88
City Hall. $300,000 redeemable after 1897
1,000
Qlevelandr-Water works ($200,000 are 6 p. ct.). 1872 to ’84
1,000
Funded debt
1872 to’84
1,000
Lake View, Wade and Monumental parks
1872 to ’87
1,000
Canal and canal lock ($11,000 are 6s)
1874 to ’87
1,000
School
1871
1,000
General bonds, various purposes
1885-86
1,000
Viaduct (mostly F. & A., A. & O. and J. & D.) 1873 to ’78
Elevated Rc adway
1836 & ’87
1,000
Various.
Special bonds
1884-5-6-7
Kingsbury and Pearl Street Bridges
1,000
Dts Moines, Io'wa—2d renewed judg. bds. 5-20s
1885
1,000
Funding bonds, 10-20s
1878
1,000
Warrant funding bonds drawn at par
1886
3*2 to 7
3 & 4*2
109,500
3,414,100
404,800
1,092,000
160,000 4,4*2,5*2
6
132,000
7
3,490,000
3-65
333,000
7
1,675,000
4*2
489,500
4
458,000
7
2,608,000
6
186,000
7
2,029,000
....
...
4
4
200,000
5747656881188811
c&r
c&r
3*2
2,350,000
.
1883
1870 to’86 l,000&c
1870 to ’86 l,000&c
1880 to ’86 1,000&C
1864
1,000
1863
1,000
1870 to ’76 500 <fec.
1873-’74
500 &c.
1885-’87
1886
1868 to ’77 500 &c.
1878-’87
1,000
1886
....
Buffalo, A. T.—Funded debt bonds
3 to 7
.
..
..
....
.
200,000
175,000
50,000
76,000
28,407
2,137,000
64,706
79^000
499,500
2,473,000
363,000
1,775,000
2,088,000
87,000
275,000
35,000
225,000
2.138,000
660,000
7
5 & 6
7
7
J. & J.
J. <fe J.
J. <fe J.
J. & J.
J. & J.
J. & J.
Various
Various
J. <fe J.
A. & O.
J. & J.
Various
J. & J
....
Various
Various
J. & J.
J. & D.
Various
J. & D.
Various
4, 5, 6, 7 Various
6 & 7
Various
6 & 7
Various
A. & O.
7
4 & 4*2 Various
5, 6 & 7 Various
Various
228,000
4, 5, 7
4, 4*2, 5
4Lj
175.000
7
210,000
4*2
Various
Various
J. cfe J.
J. & D.
M. & N.
Valuation of
Real.
1
Personal.
$311,308,060
336,221,357
339,922,812
362,138,563
$19,375,702
$29 00
22,049,310
26 50
14,217,276
21,685,597
27 59*3
Rate.
The debt of Kings County, separate from the debt of Brooklyn, is
about $4,000,000, of which the city is responsible for I9n0ths.
Buffalo.—Total funded debt, Feb., 1888, $8,689,942; deduct water
; sinking fund assets, $208,273 ; net debt, $5,703,287.
Valuations and tax per $1,000 have been:
debt, $2,778,382
Years.
Real estate.
Personalty. Tax Rate.
$99,912,470
$8,461,675
$17 21
113,963,945
8,405,225
17 27
119,876,145
14 78
8,755,150
Buttalo also pays 77-100 of IOne county debt. The interest on different
bonds is 3*3. 4, 4*3, 5, 6 and 7. Population, 202,818 in 1885; 154,766
in 1880; 117,714 in 1870.
Cambridge, Itlass.—'The total funded debt, Jan. 1, 18S8, was
$3,441,500; deduct water debt, $1,825,500, and municipal sinking fund,
$428,565; net debt, $1,187,435. The investments are nearly all in city
bonds at par, and stamped “not negotiable.” Valuation, 1887, real
estate $46,344,700; personal, $13,358,910; total, $59,703,610; tax
rate,
$16 00 per $1,000.
Valuation in ’86, $44,955,200 real estate and $14,460,470 personal; total, $59,445,670; tax rate, $15 00 per $1,000.
Population, 62,669 in ’80; 39,634 in ’70.
Charleston, S. C.—The bonds of Charleston are mostly held within
the State of South Carolina. Conversion bonds of 1878 and 1879 are issued
In exchange for city stock. Valuations and tax rate
per $1,000 have been;
Years.
Real Estate.
Personal
Tax Rate.
1889 to 1905
1924
1924
t
July 1, 1893
1888 to 1926
June,1888 to 1909
July!,’88 to 1900
do
do
do
do
do
do
April 1, 1889
Jan. 1,1893
1890 to ’96
July, 1903-4-5
1895,’05,’07 &’17
Nov. 1, 1896
May, 1889 to ’97
1894-’98-1910
1906 and 1911
1890
1888 to 1827
Charleston, Treasury
do
do
do
Oct., 1898
July 1, 1909
1888 to 1908
Boston, N. Bk. Redemption Aug. 1,1891 to ’95
Sept. 1,1889-1890
N. Y., Am. Ex. Nat. Bank.
1897 <fe ’98
do
do
July 1, ’88 to ’95
do
do
July 1, 1902
do
do
July, 1888 to ’95
do
do
July 1, 1900
do
do
July 1, 1904
do
do
July, 1890 to ’95
do
July, 1895 <fe ’96
Op
do
do
July 1,1888 to ’99
do
do
April 1, 1901
N. Y., Metropolitan Bank.
1888 to 1908
N. Y., Am. Exch. Nat. Bank.
June 1,1888
do
do
do
June 15.1889
do
do
do
Pliila., Bk. of North Amer.
do
do
N.Y., Am. Exoh. Nat. Bank.
i
do
do
Phila.,
Jan., 1890
Nov. 1, 1890
April, 1895
Mayl, 1897
1897 & 1898
Jan. 1, 1900
Bk. of North Amer. June & Oct., 1900
Cincinnati.
Mar., 17, 1908
N. Y., Am. Exch. Nat. Bk.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Cincinnati.
N. Y., Am Exch. Nat. B’k.
Cincinnati.
Sept. 15,1899
Sept., 1899
Oct. 1, 1899
Aug. 1, 1897
Dec. 1, 1891
July 1, 1902
May 1, 1906
1902-1908-1909
May 15,1904
Jan. 1, 1890
Aug.,’90 .fe’95
May 1889-1909
May 1, 1906
Aug. 1, 1897
N.Y., Am. Exch. Nat. Bank.
Cincinnati.
1888 to 1898
1930 & 1931
1889 & 1890
1891 <fe 92
June 1,1901
N. Y., Am. Exch. Nat. Bk.
Cincinnati.
N.
Y.f Am. Exch. Nat. Bk.
N. Y., Am. Exch. Nat. Bk.
N. Y., Am. Exch. Nat. Bk.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N. Y,, Coffin & StaBton,
do
do
do
do
May & June. 1905
June 1, 1907
1892 & 1903
Sept., 1888 to ’97
Deo., 1889 to’92
1894 to ’98
Oot. 3, 1888
June, 1888-1895
1895-1907
1902-3
1888-’95
1899-1903
1905, payable ’90
July, 1888, or’98
1906,red.at option
850, and personal, $2,275,812; total, $18,806,662; tax rate, $17 80.
Population, 21,782 in 1880; 18.547 in 1870; 24,347 in 1884.
Chicago.—The city debt is limited to 5 per cent of the Illinois Stat e
valuation. Total funded debt January 1, 1887, was $12,589, 500, but
of this $3,955,000 was on account of the Water Works, which
yield an
income much above the interost charge on the debt.
Sinking fund in
1887 was $341,037. Valuations (about one-third true value) as follows:
fears.
Real Estate.
Personal. Tax per $1,000.
$105,606,743
$31,720,237
$35 48
property and tax rate per
Years.
i
do
do
do
do
do
do
....
4 <fc 5
4 & 5
4 & 6
4
4
4
3-65 to 7
j
.
f
Boston, Bank Redemption.
Boston, Tremont Bank.
Boston, Bank Redemption.
....
J. & J.
A. & 0.
A. & O.
J. & J.
Various
Various
Various
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
J. & J.
M. & N.
J. & D.
J. & D.
J. & J.
M. & N.
A. & O.
M. & N.
Various
J. & J.
Various
M. & S.
M. & S.
M. & S.
A. & O.
F. <fe A.
J. & D.
J. & J.
M. & N.
Various
M. & N.
J. & J.
F. & A.
M. & N.
M. & N.
F. & A.
July 1,’88 to 1916
3 years from date.
Buffalo and New Yoru.
do
do
do
do
Various
■
Population in 1870, 396,099, against 566,663 in 1880.
$1,000 have been:
-
do
do
do
do
do
Various
4 & 5
611,100
300,000
Brooklyn.'
1885
107,146,981
32,811.411
36*81
122,980.123
35,516,009
28.068.196
130,474,379
•
Population in 1870 was 298,977, and in 1880,503,185: The South Park,
West Chicago Park and Lincoln Park loans are not debts of the city.
Cincinnati.—Total funded debt Deo. 31, 1887, $25,829,207; de¬
duct $761,203 for Improvement bonds held as sinking fund for above
leaves net debt, $25,068,004, of which $18,577,000 is for Cin. 8outh.
Railway (pays city $9C0,000 till 1901, then $1,250,000), and $1,525,000 for water works (self-supporting); balance, $4,966,005. For action
taken in 1888 relative to Cinu. So. RR., see V. 46, p. 319. In 1870 the
population was 216,239, against 255,139 in 1880. The following table
from the books of the Auditor of Hamilton
County, Ohio, exhibits the
assessed valuation of the city of Cincinnati for four years:
Years.
Real
Estate.
$124,625,370
127,454,100
129,378,370
The
Personal
Estate
$44,903,822
42,632,868
42,571,661
Total
Valuation.
Tax per
$169,534,192
170,086,963
171,950,031
$1,000.
$25 5«
26 86
25 44
174,537,847
27 68
city owns the stock of Cin. S. RR., leased as per terms, V.33, p. 281.
Cleveland.—The sewer, street lmprovem’ts and street opening bond*
$16,753,760
$20 00 are for special local improvements, and redeemed bv assessments on the
16,933,565
20 00 property benefltted. Pop.,160,146in 1880; 92,829 in 1870. Assessed valu¬
14,221,290
20 00 ation. tax rate, lebt.andpar value of sinklne funds on Dec.31 have been:
—Population, 49,984 in 1880; 48.956 in 1870.
Years. Tax $ 1,000.
General Debt, f
Special Debt. Sinking Funds.
Chelsea, Mats.-Total funded debt Jan. 1, 1888. $1,661,800; de$14-35
$6,917,000
$703,000
$1,727,905
duot waier debt, $350,000; sinking fund assets,
13*15 '■/"
$406,137; net debt,
8,015,000 'JlfEW
695,900
VTF ** 1,733,724
$905,663. Va’uation in 1887, real estate, $17,087,150; personal
16-30
"
7,614,500
611.100 jJW 25^1,802,294
$2,317,702; tax rate, 1760. Valuation in 1886, real estate, $16,530,- -(V. 45, p. 743.)
W
Prop.
$8,138,153
7,809.212
7,290,912
N
•
CITY
May, 1888.]
SECURITIES.
9
Subscribers will confer a great favor by giving Immediate notice ot
Date of
bonds.
£ot explanations see notes on lirst page of tables.
W.Co., on city’s credit
1855 to’81
Size
Amount
or
par
value.
outstanding.
$500,Ac
$1,397,000
1868 to ’73
Public Building stock (City Hall) bonds
1.C00
public sewer bonds ($35,000 are 6s, due 1S97) 1872 to’77
public sewer bonds ($100,000 3*28, due 190t) 1886 & ’88 l.OOOAc
Bonds for purchase Belle Isle
Public Improvement
Market, Ac., b’ds ($30,000
3*2 p o.,due 1911).
Elizabeth, V. J.—Improvement bonds
Funded debt bonds
School House bonds
Market House bonds
Consolidated improvement bonds
Funded assessment bonds...
Tax arrearage bonds.
New Adjustment bonds and scrip
Erie (Penn.)—Water bonds, $42,000 July 1, ’88
Improvement bond6
Consolidated bonds, $35,000 are 6s, 1898....
Refunding bonds
Evansville, Indiana.—Series A, fund, debt loan.
1879
1886
1880 A ’86
1871 to ’74
1870 to’75
1872 to ’73
1865 to’66
1875-’76
1877
1876
217.500
291,500
300,000
100,000
....
1,000
370,000
do
do
do
do
Works loan
gall River, Mass—City notes($80,000 are 6s)..
do
do
do
do
($499,000
($50,000
c
1,000
1,000
1,000
435,000
48,000
41,000
764,000
260,000
1,000
1,000
1,000
are
are
gold)
c*
5s)
c*
c*
c*
do
(sewer)
'Water loan
c*
.
1.000
500 &c.
1868 to’73
1,000
1869 to ’73 100 Ac,
1874 to ’78 100 Ac.
1887
500 &c.
1887
1,000
1887
1,000
1887
1,000
1887
1,000
....
675,000
350,000
720,000
400,000
280,000
45,000
600,000
450,000
100,000
261,860
125,000
500,000
450,000
550,000
Large.
lOOOAc.
....
1,000
....
1,000
....
....
....
....
....
1,000
....
do
do
do
196,000
(?)
275,000
62,000
527,700
256,000
1882
....
....
....
....
1,000
1,000
1,000
-
....
1873
titehburg, Mass— City bonus
1,000
1887
Municipal bonds
2,000Ac
Water loan ($300,000 due July 1,1891)
1871 A ’75
1,000
do
$50,000 4 per cents are 10-2Os .r
1883-6
1,000
Galveston, Ter.—Limited debt bds. (sk’g fd. 2 %) 1877-8-9 100 Ac.
do
do
1880-88
100 Ac.
sinking fund
Galveston County bonds, G. C. A 8. F. RR
1882
1,000
1865-’81
Eartford, Conn.—Water bonds
1,000
1876
(hty bonds (H. P. A F. RR.)
1,000
Funded debt
1868
1,000
1872
Capitol bonds
1,000
Hartford town debts torailroads.10-25
1879-’80
1,000
v
do
1863
war
floating debt
Eoboiken, N. J.—Bonds
City bonds
....
1864-’79
City Hall and Engine House bonds
Solyoke, Mass.—City notes
City bonds, sinking fund
Water loan
Railroad loan
1,000
1,000
c*
c*
do
c*
do
($60,000
are
Indianapolis—Bonds to railroads
J.AJ.)c'
c*
Bonds to Un. RR. Tr. Stock Yard (mort.)...c*
Loan bonds, series A
c*
do
do
B
c*
do
do
C
c*
do
do
D
c*
Purchase-money bonds—Southern Park
Itrsey City—Water loan bonds, mostly coupon
Water loan bonds,mostly coupon..
Water loan
202,600
857,000
500,000
300,000
1,000,000
1,250,000
60,000
203,000
159,000
119,500
1,000
43,750
91,500
636,000
75,000
203,000
271,000
250,000
226,500
155,000
500,000
300,000
300,000
300,000
200,000
1,000
1,000
....
1,000
1,000
1,000
500
1,000
1,000
1,000
1,000
1,000
500
109,500
1,000
1,000
984,000
3,329,000
525,000
549,000
5,309,500
1872
1,000
1871 to ’74 500 Ac.
1870
Morgan street dock
o.tr
1,000
Funded debt bonds
1872
1,000
Old J.C.b’ds($206,000, Nov. l,’S9,M.AN.).c.fcr 1864-’65
1,000
Hudson City bonds ($50,000 dm; July 1, ’89)r
18G9-’70 Various
c&r
Bergen Sch’l loan b’ds ($50,000 due J’y l,’98).r
r
Bergen street improvement bonds
bounty loan
...c\fcr
A88e88’tfund.b’ds ($300,000, 1906,
J.AJ.).c-Ar
Temporary loans
1868-’70
1869
1865
1875-’76
....
Bonds to fund floating debt. Ac
c.tr
B’ds for mat’g b’ds,Acr($15(),000, 5s,AAO)c\tr
1879
125,000
500.000
558,000
100,000
150,000
400,000
41,000
1,000Ac
l.OOOAe
Vari
ous
900,000
....
1,000
1,353,000
600,000
1,000.000
.
390,000
....
250,000
....
Moines, la,—Assessed value of property $11,500,000, which is
about 20 per cent of true value. Populat ion in 1870,12,035; in 1880,
22,400: in 1887 (estimated), about 45,000. Sinking fund Jan. 1, 1888.
amounted to $18,450. There is a levy for sinking l’unl each year, and
n 1887 $170,000 bonds were redeemed.
Detroit, Mich.—Total funded debt July 1, 1887,
was $2,727,000;
deduct lor water works, $1,447,000; assets of sinking fund, $776,984*
net debt $508,015. There are also $10,000 House of Correction bondb’
due 1893.
The population in 1870 was 79,577; in ’80, 116,340;
in 1883, 130,000.
The value of water works is about $3,500,00.
The water works bonds are issued on a pledge of the city credit, and
$75,000 per year collected in taxes to pay interest on them. Popula¬
tion iu 1886 about 175,000. Valuations (based on true value) and tax
rate have been:
Years.
Real Estate.
Personal.
$82,793,115
1884
$27,928,880
33,427,589
36,:. 80,010
100.020,991
105,827,840
Elizabeth, N. J.—Default
Total.
Tax Rate.
^$110,721,995
$11*41
133,448,580
10*82
12*04
*
,
142,407,880
made in interest February 1, 1879.
A proposition to issue 4 per cent bonds at
Suits
was
on bonds are ponding.
50 per cent of the face value of old bonds was made, and a considerable
amount of the new bonds have been issued.
The Mercantile Trust
Company in New York
acts as tho agent.
The total debt, Jan. 1, 1888,
adjusted at 50 per cent, was $1,560,500 ; unadjusted, $1,677,000; sink¬
ing fund assets, $221,351. Assessed valuations and tax rate per $1,000
have been
471,115,
465,76o,
$I3,0o-7,
as follows: In 1882, $12,182,035, rate, $31*20; in 1883, $12,rate, $26*40; in 1884, $12,341,735, rate, $20*00; in 1885, $12,rate $26*40; in 1886, $12,628,710, rate, $27*20; in 1887,
.95, rate, $26*80. Population, 1880, 28,229; in 1870, 20,832 ;
estimated in 1886 to be 32,600. (V. 44, p. 211.)
Eyantiv,«lle> Ind.—There
was default iu
In 1887 the old debt was nearly
issues of bondJ above given.
Years.
Real Estate.
Personalty.
April, 1883.
*§84
|§85
*887
$13,527,090
13,666,645
15,184,693
“(V. 43, p. 607; V. 44, p. 335
$6,519,820
6,682,895
6.239,810
V. 45, p, 112.)
payment of interest from
all funded into the several
Tax.
$10 00
10 00
16 6623
Debt.
$1651,000
1,651,000
2,145,000
1892 to 1897
1906 A 1918
1899
Dec, 1916
Aug. 1,’88-92-1911
1879 to ’81
to ’95
to ’93
to’86
to ’96
1907
1882
1882
1882
1885
1886
July 1, 1912
July 1,1888 to ’92
1889 to
1894 to
1897 to
Jan. 1,
Jan. 1,
1893
1898
1907
1912
1912
July 1, 1912
July 1, 1912
July, 1888 A ’92
Apr. A Sept. 1891
Aug. 1,1894
May 1,1895
May 1,1895
1896-’97-’98
May 1, 1905
Boston, Bank Redemption. Feb. 1, 1900-1909
do
do
Nov. 1,1892-1906
M. A N.
do
do
F. A A.
Aug. 1,1899-1905
May 1,1908-1909
J. A J. Boston, Merchants’ Bank
July 1,1893
M. A N.
1838 to 1897
Fitchburg City Treasury.
J. A J. Boston, Merchants’ Bank.
ly 1, ’91,1905-6
A. A 0. Fitchburg City Treasury. 1894,95,98 A 1903
1893-1909
M. A S. Galveston, City Treasury.
_
6
5 A 6
6
6
6
4*2
6
6
6 A 7
7
6 A 7
5, 6,7
5 A 6
5 A 6
3 to 5
6
6
7
6
6
7*3
7*3
7*3
7*3
7*3
6
7
5
7
7
7
7
7
7
7
7
7
7
.
6
5 A 6
6
New York or Galveston.
1920-1928
J. A D.
1902
J. A J. N. Y., Bank of New York.
Various
1890-1906
City Treasury.
Suffolk Bank, Boston.
Jan. 1, 1891
J. A J.
Jan. 1, 1893
J. A J.
City Treasury.
do
Jan. 1, 1897
J. & J.
Town Treasury.
J. A J.
10 to 25 years
do
J. A J.
$10,000 yearly
do
J. A J.
Jan., 1900
1888 to 1905
Various First Nat. Bank, Hoboken
do
do
A. A O.
Oct. 1. 1892
do
do
Various
1892 to 1894
do
do
1890 to 1903
Various
do
do
Various
1898 to 1901
1902 to 1910
do
do
Various
1888 to 1889
Various
City Treasury.
do
A. A O.
Oct. 1,1889
do
Jan. 1,1900
J. A J.
do
Jan. A Apr.1,1894
A. A O.
Jan.
City Treasury.
N. Y., Winslow, L. A Co.
Jan. 1, 1897
J. A J.
do
do
J. A J.
July 1,1893
do
do
J. A J.
July 1, 1893
do
do
J. A J.
July 1, 1894
do
do
J. A J.
July 1, 1895
do
Jan. 1, 1899
do
J. A J.
J. A J. N. Y., Merch. Ex. N. Bank.
do
do
1889 to 1913
Various
do
do
Feb. 1, 1913
do
do
J. A J.
July 1,1913
do
do
1891 to 1906
Various
do
do
June 8, 1900
J. A J.
do
do
M. A N.
May 1,1897
do
do
A. A 0.
Nov.. 1889-1890
J. A J.
do
do
Julyl,1889 A190C
do
do
J. A J.
Jan., ’98 & 1900
do
do
J. A J.
July 1, 1889
do
M. A N.
do
May 1, 1890
do
do
J A D
1905-1906
F. A A. N.
J. A D.
A A O.
Y., Merck. Ex. Nat. B’k.
do
do
Demand.
Feb. 1,1909
1910-1911
April 1, 1904
New York, Ninth Nat. Bank L895 to ’98 A 1901
6, 7 A 8
8
June, 1889 to ’93
.
9 3 H, 000
....
1880-’!
1884
City of Jersey City loan
Kansas City, Mo.—Renewal bonds ($50,000 6s). 1875 to ’81
1873
Funding bonds, series “B”
Des
8
5
1,249,400
417,000
500 Ac
....
City government
Improvement bonds, Ac
do
31* A 4
Aug.,1888 to 1906
!
Various
City Treasury.
Various
do
Various
do
do
Various
A. A O.
do
J. A D.
do
M. A N.
do
J. A J. N. Y., Mercautile Trust Co.
Various
New York.
Various
do
do
J. A J.
do
J. A J.
N. Y., Winslow, L. A Co.
J. A J.
do
J. A J.
do
41.3
do
4
do
J. A J.
do
6
J. A J.
do
376, 4,6 Various
City Treasury.
do
6
Various
5 g. F. A A.
Boston, Revere Bank.
M. A N. Boston, Bank Redemption.
5 A 6
do
do
4
do
do
5 A 6
378 M. A N.
City Treasury.
104.500
1877-’79
Various.
Improvement bonds
N. Y., First Nat. Bank.
do
do
do
’
do
do
do
do
do
do
do
7
7
7
7
7
7
7
4
7
7
7 A 6
4
5
6
6
due.
payable and by
whom.
payable
3i* A 4
400,000
500 Ac.
500 Ac.
1878-’81
1880-’82
1871-’74
1874
1872
1873
1869 to ’70
1877
1873
1874
1874
1875
1874
1852 to’77
1869 to ’73
Where
Various
Various
F. A A.
3*2 A 4 J. A D.
4
F. A A.
J. A D.
3^2
6
4
6
1872
School bonds
Water bonds
When
4 to 7
7
6 A 7
200,000
400,000
22,500
.
do
do
Principal —When
Rate.
■
56,000
850,000
....
681 8 1
Series B,
Series C,
New Water
City bonds
discovered inftliese Tables.
interesTT-
DESCRIPTION.
Detroit, Mich— For Water
any error
....
j
do
do
May 1, 1893
Fall River* Mass,—1Total funded debt, Jan. 1, 1888, $3,901,745;
deduct water debt, $1,700,00'), and sinking funds, $l,090,29«j; netdebt,
$1,111,453. Population in 1885,56,863; 48.961 in 1880; 26.766 in 1870.
Valuation in 1885, $43,815,275; in 1887, valuation, $44,231,642.
Fitchburg, Mass.---Population 12,270 in 1889; 11,260in. 1870.
Assessed valuation of real estate ('about cash value) in 1886, $8,422,675; personalty, $3,071,886; tax rate, 18*2i) per $1,000; iu 1883, real,
$9,514,805; personal, $3,147,838; tax rate, $17*80.
Galveston, Texas.—Assessed value of real and personal property
(about 50per cent true value), 1888, $20,063,883; tax rate per $1,000,
$17*00 (of which $2 for schools). 1885, valuation, $18,588,196; tax
rate $15*00.
Population in 1870,13,812; in 1888, 22,218, 1888, esti¬
mated, 40,000.
Hartford, Conn.—Total city debt, April 1, 1888, $2,801,882; net,
deducting resources, $1,903,289; net town debts, Oct. 1, 1887,
after
$1,191,346.
Assessed valuation in 1886, $15,700,000; iu 1885, $15,
898,365. Population, 42,553 in 1880; 37,743 in 1870.
Hoboken, N. J.—Tho total debt May, 1887, was $1,279,187.
-
As¬
sessed valuations in 1884: Personal, $1,343,941; real estate, $14,672,700; tax rate per $1,000, $23*50; population, 35,000. Valuations in
1886-7:
Personal, $1,414,005; real estate, $15,326,700; tax rate
$27 00.
Holyoke. Mass.—Total net debt, $764,500. Valuation, 1885, $16,135,525; tax rate, $17*20. Valuation in 1887, $18,122,580; tax rate,
$17*00. Population, 21,915 in 1880; 10,733 in 1870; 33,000 In 1887.
Indianapolis.—Total bonded debt Jan. 1,1888, $1,405,000. The
School Board is a distinct organizat’n and levies its own tax ($2 20 for
1884), which is included in tax rates. There are a few other small issues
amounting to $50,000. Ponulation, 75,050 in 1880; 48,244 in 1870.
Valuation (one half real value) and tax per $1,000 have been:
Years.
Real Estate.
Personalty.
Total.
Total Tax.
$39,335,860
$13,792,290
$11*20
$53,128,150
40,149,950
13,891,650
54.041,600
12*20
1887
35,765,855
14,719,765
50,485,620
11*20
Jersey City.—One of the main causes of past trouDle in jersey City
flnanoes has been the failure to collect back assessments and the large
amount of railroad property exempt from taxation, hut RR. property
is now hearing a share or the taxation.
10
INVESTORS’
DESCRIPTION.
Date of
For explanations see notes on first page of tables
Kansas City, Mo.—(Continued.)
Floating debt bonds
Long Island City- General bonds
bonds
Louisville, Ky.—Water works ($187,000 due ’89) 1859
to’67
1866 to ’67
1883
1873
1871 to ’73
1868
1871
1868 & ’73
For improvement of streets
For municipal improvement
4681
outstanding.
1875
18:Oil-' 77
1885
1884
$500Ac.
1862 to’75 5000Ac.
1881 to ’87 lOOOAc.
1873-’75
500 Ac.
Various.
Various,
1833-’86
500
Funded debt
do
Water loan
Re-constructing street
^
Pub.bldg8.Ainstn8.$122,OOOof’91,pa.atS.F.of.
Funding loan, gold
Mississippi River Railroad bonds
|
•
(Flippen)
(not liable to be called in)
Bridge bonds
438.500
686,000
190,000
1,500,000
600,000
519,000
81,000
429,000
1,643,000
Corporate bonds,coup, or reg.(act Apr. 21,’76) 1878-’80
Sewer and improvement bonds (local liens).
’71-’79-’80
Aqueduct Board bonds($2,490,000due in ’92) 1867-86
.
1877-’78
.....11879 to’85
!
1886
-
f.).
;
s.
do
Sewer and Bridge bonds (part sinking fund)..
New Brunswick, N. J.—
1st A 2d mort. water works bonds
Water b’ds. of ’64,’73,’74 ($10,000 only are
City improvement bonds
Sinking fund bonds
do
Deo.
do
i
i
333,000
402.500
531,000
1,300,000
120,050
-
100.000
227.500
595.000
91,500
285.500
285,000
600.000
60,000
Nov., 1900
Charleston, S. C.
77.500
182.000
98.000
1885
1886
1888
1,213,000
008,000
248,000
610.500
422.000
2,195.000
1,585.000
2,250,000
1,394,900
1,000
80,000
450,000
425,000
1,000
1,000
550,000
580,000
400,000
1,200,000
2,450,000
3,497.000
476,000
1,114,000
97,000
232,000
284,000
620,000
363,000
490,000
200.000
130.000
1567-69
!
1873
1881-82
j
1882-85
do
A D. Mil. A N.Y.,
A J.
do
A I).
do
A J.
do
A J.
do
do
A, J.
A J.
do
A J.
do
July, 1872
1907
1913
do
Morton B. A Co.
do
do
do
do
do
do
do
June 1,1891
Jan. 1, 1901
June 1, 1896
July 1,1905A1906
July 1,1902
Jan. 1, 1902
1903 A 1906-’07
1903-1904
Various New York, Nat. Park Bank,
July 1, 1888-1905
Various
do
do
1893-1902
j Various
do
-do
1906 to 1915
,
500
100 Ac.
1875-87
Various.
1867 to ’76
1,000
1876 & ’84 5,000
1881-’S7
3 36,000
1,000
1,000
J.
J.
J.
J.
J.
J.
J.
J.
278,000
1,000
500 Ac.
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
N.Y., First Na. Bk.,A Memp.
2,400,000
6s), 1864-1874
...J
i
737.500
1,000
Waterworks iiuprovmt. ($300,000 due 1918) 1887 A ’88
Newark—War bds.,ttoat’g debt, Ac. (s.fd. of ’64)
Public school bonds
1868 to ’86
Clinton Hill bonds, coup. & reg. (s. fd. 3 p.c.).
1875
Intercepting Sewer bonds
New Bedford, Mass.—City improve, (part
Water bonds
1,000.000
472,000
350,000
l’ooo
Municipal Bridge bonds
Waterworks($50,000 due yearly after 1907)c*
■*
513,000
500,000
1,000
c* 1870 to’87
c*
1885
*-.
133,000
51,000
1,000
1,000
500 Ac.
1,000
18S3-’80 ’7
b’ds, $168,000, 4^, 1907
Tax arrearage bonds
do
do
do
do
Funded debt bonds
Annexation and City tax
Due.
A
1,000
1872
cAr
156,000
1,000
1883-’84
Minneajiolis, Minn.—City oonds
1870 to ’75
City bonds (only $40,000 6s—duo in 1899)...i 1871 to’81
do
($366,000 due 1912 are red. 1902).: 1881 to ’85
do
1886-*87
Mobile— Funding bonds, drawn at 100
1881
Nashville— City
Principal—When
J. New York, Ninth Nat.Bank
Aug. 15, 1895
do
do
1890 A’97
A J.
1905
A J.
Lawrence or Boston,
July, 1904
Various
Boston, Tremont Bank.
1890-1894
Various
Lawrence, Mass.
1891-95-1902
A. A O.
do
do
Oct. 1,’90. to 1906
Various
N. Y. City A L. I.
In instalments.
City.
Various
do
'
do
1889 to 1903
Various
N. Y., Rank of America.
1889 A 1897
Various Louisville Sink. Fund Office.
1896 A 1897
J. A J. New York, U. S. Nat. Bank.
1 92*3
J. A J.j N. Y., Bank of America.
July 1, 1903
Various;
do
do
1891, ’92 A 1903
J. A J. : Louisville Sink. Fund Office
July, 1898
J. A D.i N. Y., Bank of America.
June, 1901
Various
Oct. 1,1888 A1903
do
|
do
Various, Louisville and New York.
A. A O. Louisville Si uk. Fund.Office Aug.-15,1888 to’98
Oct. 1, 1898
J. A D.|
do
do
1889
Varioue, N. Y. Bank of America.
1894 A 1901
N. Y., Nat. Bk. of
1911
Republic.
M. A N.
N. Y., Bank of America.
May 1, 1920
M. A S.
do
do
Sept., 1891
J. A J.
do
do
July, 1901 A1903
Various New York and Louisville.
1 QQQ
Various j
City Treasury.
1888 to 1894
Various
do <51
1889 to 1903
Various
City Treasury
Dec..1888 to 1911
M. A N. Boston, Bank of
Nov. 1, 1890
Redemp’n.
Various
1888 to 1895
City Treasury.
Dec. 1. 1890
J. A J.
Boston, Bank Republic,
1891-1917
Various
do
do
1890-1897
Various City Treas’ry A Bk.
1888-1897
Repub.
Various
do
do
Nov. 1, ’88-1907
Various
City Treasury A Boston.
1893 to 1911
J. A J.
City Treasury,
1890 to 1907
J. A J.
do
July 1, 1911
1873 to 1902
J. A J.
Memphis.
1873 to 1900
M. A N.
225,000
1,300,000
911.500
1,000
1,000
1,000
1882-’83
Water bonds
do
coupon
Waterworks refunding
J.
354,000
1,000
500 &c.
1857
1877
1883
1861
1871
1876
1885-6
Milwaukee, fib's.-Re-adjustment bonds
General city bonds
do
do
Where Payable and by
Whom.
Payable
248,000
60,000
300,000
1,000
1870
Endorsement Memphis A Little Rock RR
do
do
Rate.
$142,500
Sewer bonds
do
1,000
Elizabeth A P. Railroad
1,000
Wharf properly
1862, 3, 8
1,000
Jail bonds
1869
1,000
For old liabilities
I860
1,000
do
do
$119,000 of 1901, pa atS.F.of. 1871 & ’74
1,000
do
do
1886
1,000
do
do
(half are 10-40 and half 20-40)
1880
1,000
Louisville, New Albany A St. L. Air Line RR.
1871
1,000
Road bed, Louisv. ^Cin. & Lex. RR
1871 & ’73
1,000
City bonds payable by Louisv. A Nash. RR...
1863
1,000
Lowell, Mass— City notes (various purposes)... 1862 to’84 Large.
Bridge bonds
1882-83
1,000
Water notes
1871 to’85 Large.
Water bonds
1870
1,000
Sinking fund
1883 & 85
Lynn, Mass.—Water note
1870
Water bonds
Various
Municipal loan
Various
500 Ac.
School Houses ($2,000 paid yearly)
Various
1,000
Engine House and sewer bds. ($1,500 pd.yrly.)!
1884
1,000
Manchester, N. if.—City bonds
1869-’85
Water bonds
1872-’74
100 Ac.
Bridge bonds
1881
100 Ac.
Memphis, Tenn.—School and pavin g bonds
j 1867 to ’68
Post bonds
500 Ac.
1867, ’8,
Compromise bonds, coupon
New compromise bonds
INTEREST.
When
—
Lawrence, Mass.—Sewer loan
or revenue
fVol. XLVI.
Amount
or
par
Value.
Railroad bonds
School bonds
Tax
Size
Bonds.
SUPPLEMENT
500
500
1,
1887, city liabilities were: For general debt, $5,727,083
assessment debt, $5,873,500;
temporary loans, $805,000; due State and
county.$1,293,060; making, with other items, $L5,614.820, and water
debt additional, $4,959,000. Resources: cash, $183,557; bonds in
sink¬
ing fund, $826,898; unpaid taxes, $5,652,842; unpaid assessments,
$2,849,261; city property, $1,426,500; with other items, total assets,
$11,384,828. Population in 3880, 120,722, against 82,546 in
’70;
in 1885 by the State census population was
155,300. Taxable valua¬
tions and tax rate per $1,000 have been :
Vears.
Real Estate.
Personal Prop.
Tax Rate.
$58,287,892
$4,664,390
$29 40
180.000
168.500
40.000
47,000
52,000
.
Various
do
do
J. A J.
New York and Mobile.
Various New York and Nashville.
a. a a N. Y., Chemical Nat. Bank,
do
do
New York A Nash.
Various
Newark, City Treasury,
do
T.
A
J.
j Various
4,412to7,M. A S.
i
Various
F. A A,
;f. a a
J. A J
F. A A
A.
A.
A.
A.
A.
A
A
A
A
A
do
Bank,
do
do
do
do
do
do
do
Newark, Nat. State
do
do
do
do
do
do
do
O,
O.
O.
O.
O.
.
Newark.
City Treasury,
do
do
do
M. A N.
N. Y., Nintli Nat. Bank.
M. A N. N. Bruns’kNat.
Bank.JN. J.
j. <fe J.
do
M. A S.
do
FM AS.
do
1916 A 1917
Jan. 1, 1906
1888 to 1907
Oct. 1, 1905
1908-1915
1907 A 1918
1891 A 1896
1887 to 1892
July
1, 1895
1909 A 1910
1893 A 1906-’09
1892 to 1909
1887 A 1888
1889-’95
July 1. 1896
1895
1906
Apr. 10,1908
1891 to 1910
Oct., 1888 to 1909
Oct. 1, 3 894
Oct.l,1888to 1906
1892-1904
July, 1888-1900
Jan. 1, 1889-92
Sept. 1, 1901-190S
1902-1903
Manchester, N. II.—Valuation in 1885, $21,137,464; tax rate,
$17 50 per $1,000.
Valuation in 1887, $21,905,476; tax rate, $17.
The net proceeds from the waterworks
more than meets the annual
interest charge. Population, 3*2,630 in
1880; 23,536 in 1870.
’te
g 1
Shelby
_
County”
organized.
Under the act of Teun. March 3, 1833. new
compromise bonds are issued,
bearing 4 per ceut till 1889, and 6 der cent thereafter. The total debt
when funded will be nearly $3,000,000.
In 1884 valuation of real and
personal property, $13,499,325; tax rate, $23 50. Population in 1870,
was
61,571,512
4,564,683
32 80
61,894,739
4,985,200
29 40 40.226; in 1380, 33.592; in 1884, 62,335.
Milwaukee. Wis.—The oity cannot issue debt
63,981,430
4,983.650
beyond 5 perct.of it*
average assessed valuation of real and personal
The value of railroad property, not included
above, is about $25,000,
property for five years. In
1884 valuation was $74,951,750; in 1885 real
000, which is subject to a tax rate of 1 per cent for city purposes.
estate, $61,445,921 and per¬
sonal, $17,415,415; in 1886, $82,641,743; in 1887, real estate,
Kansas City, Mo.—Total funded debt Jan. 1
$69,962,,1888, $1,045,121
865; personal,
deducting sinking fund assets, net debt, $705,121. In 1885 assessed bonds Jan. 1, 19,009,315: and tax rate, $17*50 per $1,000. Total
1883, $2,840,500, ot which $2,069,000 for water; sink¬
valuation was $31,678,520 and tax rate 15 mills. In 1886 real
estate ing fund, $389,065.
Sinking funds are provided, and all old issues ex¬
valuation was $36,833,550; personal, Ac.,
$9,553,240; tax rate per $1,- cept the general bonds due 1896
may be called in and paid by
000, $14 00. In 1887 real estate valuation,
$39,595,090; personal, etc., fund; holders were misled as this was not stated in the bouds. siuking
Popu¬
$13,422,300; tax rate, $14 00. Assessed valuation is one-third the real. lation, 71,440 in
Lawrence, Mass.—Total debt, Jan.
1. 1S38, $2,179,000.
Siukiug
funds, .$482,542. Tax valuation in ’85, $27,144,050; tax
rate, 16*60; in
’86, $27,165,590; tax rate, 16-40; in’87, $28,427,123; tax rate, 17*80.
Assessed valuation toward 90 per cent of real value.
Pop., in 1834
45,000; 39,151 in ’80; 28,921 in ’70.
Louisville.—The funded debt, Jan. 1,1888, exclusive of loans
paya¬
railroads, was $8,83 7,000 ($686,000 for water works), against
$9,352,000 Jan. 1, 1887. The sinking funds on Jan, 1, 1883, amounted
to $3,635,760.
Population by Census of 1870 was 100,753, against
123,758 in 1880. The following figures give the assessed
property
valuation: 1882, $70,029,724, of vThich
$52,269,684 was realty; in
1884, $63,927,077, tax rate, $21 00; in 1886, valuation,
$64,405,515,
tax rate, $23*00; in ’87, val’n real estate.
$59,496,697; personal propeity, $6,355,170, tax rate $20*40.
ble by
1870; in 1885 (estimated), 160,000.
funded debt March 1, ’38, $4,824,500;
sinking fund. $323,323; tax valuation (about 66 2-3
percent) in 1887;
real estate $38,496,763, and personal
$9,376,396—total, $107,873,159;
tax rate, $20 60 to $22 50; in 1885,
$77,500,000; In 1384*, $74,308,711;
tax rate 1885, $20 00.
Population, 46,887 in 1880;' 170.000 (esti¬
mated) in 1333.
Mobile.—Valuation oi real and personal property in 1833, $15,350,738; in 1881, $13,578,347. in 1885, $13,763,822; in 1837, real estate,
$3,154,489; personal, $5,235,822; and tax rate, $L3 50 per $1,000.
Population 35,000 iu J.835; 31,297 in 1830: 32.034 in 1370.
Nashville, Tenn.—Total bonded indebtedness Sept., 1837, was
$2,070,000; assessed valuation of all property in 1887 was $27,214,450;
tax rate per $1,000, $15; in 1831 valuation was
$15,249,575. Popula¬
tion. 43,350 in ’30; 25,865 in 1870.
Newark.—The bonds in the first line in the table are
payable out of
Minneapolis, Minn.—Total
-
"May,
CITY
1888.]
Subscribers will confer
a
tfeto
Date of
Bonds.
see notes on first page of tables.
Brunswick, N. J.—( Continued.)
Sinking fund bonds
do
do
Commissioners of streets and sewers
do
Sew Eaven,
1885-86
1887
Size
or
par
Value.
m
m
outstanding.
•
Conn—Sewerage
Bonds (10-20 b’ds) reduced to 4 p. c. in 1887.
Sewerage bds. (pay’le $15,000 y’rly from ’95).
Boul’vard sewer b’ds (pay. $25,000 from 1902)
1871
1877
1883
1887
1854 to ’84
Orleans— Consolidated debt
Consolidated debt, extended
1883
Ten year certificates to fund coupons
Railroad debt (all extended except $28,000).. 1854-75
1869
Seven per cent funding loan of 1869
1870
Seven per cent funding loan of 1870
1857
Jefferson City (debt assumed) extend’d
1875
Premium bonds (in exchange)
Water Works ($70,400 extended)
1869
Other old bonds ($305,500 extended)
'1857 to ’73
Newport, Ky.—Bonds $15,000 only, due 1894 .'1870 & ’74
Bonds ($700,000 fur water w’ks, 1901 to 1903) 1871 to ’74
Renewal 20-yr bonds, $20,000 are 5-20s
'l880’83’S4
1886
Bridge Bonds
j
Kew York—Accumulated debt bonds, city
1869-’ 70
Accumulated debt bonds, county
1869-’70
Sew
..
1,000
1,000
1,000
....
397,000
567,750
....
•
•mm
•
-
-
•
375,750
41,500
7,504,820
82,400
378,100
75,000
800,000
129,000
19856.781
Armory bonds
1884
Assessment bonds
1884 to’88
Assessment fund stock
1868 to ’83
Additional new Croton Aqueduct stock
1872 to ’77
1847 to ’52
Croton water stock
Additional Croton water stock.
1871 to ’87
Additional waterstock, red’m’ble after 1913. 1883 to’84
Additional Water stock
1885-8
Croton water main stock
1871 to ’81 j
Croton Reservoir bonds
1866
CentralPurk fund stock
1856 to ’58'
do
do
1865 to’711
City Cemetery stock
City improvement stock
do
1869
j
1869 to ’781
(cons., $687,803 red. aft.’96) 1876 to’80'
(cons, st’k), cp., exch. for reg.
1874
City impr. stock
City Lunatic Asylum stock
City parxs improvement fund stock
Consolidated stock, county, coup.,ex. for
do
city,
do
jl869 to ’70!
1871 to’80!
reg.! 1871 A '72!
1871 & ’72
1871
|
1872
city pks. impr. fd.st’k,do..
ret
Ml. aft. 1908, cp. ex. for rg
1878
!
city, coupon exch. for reg.. 1874-’75 |
1872 to’74!
city
1874
county' (A & B)
;
1874
city (B & C)
1876-’77 I
city (DE&FI
1877 to’84'
city (GKL&M)
1880
city
consol, st’k (Riker’s Isl’d)..
1884
(Harlem Rive Bridge).. .. 1886 to ’8
Book bonds
1870 to’88
1884
Consol, stock (Metropolitan Museum of Art)..
fire Department stock
1869-’70
Cansevoort Market cons, stock, rev. bonds... 1887 A ’88
Market stock
1867 to ’69
Museums of Art and Natural History stock.
1873 to’81
N. Y. City bds.for const.of bridge ov.HarlemR. 1879 to’84
N. Y. Bridge bonds
1869 to ’75
do do Consol, stock, redeem, after ’96.
1876
do do $500,000 af. ’96,$1,421,900 af 1900.'1876 to’80
do do $750,000 af. 1903, $416,666 af. 1905. 1880 to ’83
Ninth District Courthouse bonds
1871
Normal school fund stock
1871 & ’72
N. Y. Co. Courthouse st’k, Nos. 1, 3, 4 & 5
1862 to ’82
New York County repairs to buildings stock..
1870
N. Y. and Westchester Co. improvement bonds
1871
Public school building fund stock
11871 to’74’
School House bonds
j 1884-’8S !
do
do
'do
do
do
do
do
do
do
do
do
do
dock bonds
do
....
Street improvement bonds
Soldiers’ bounty fund bonds
do
do
1869 & ’70
!
1864
No. 3
Soldiers’ bounty fund red. bonds, No. 2
Tax relief bonds. No. 2, coup. exch. for reg
Third District Court-house bonds
Water stock of 1870
Debt of annexed territory of Westchester Co.
1865
1865
1870
1874 to’
1872
•
•
•
B
....
.
.
.
100
100
500
500
500
500
100
500
500
500
500
100
100
100
100
500
1887
1,300,000
1,200,000
1,172,000
3,948,000
1,393,650
1,331.300
321,400
6,259,000
445.000
18,945,000
5,196,000
1,766,600
75,000
7,977.515
701,419
500
100
820,000
700,000
4,799,000
8,885,500
4,252,500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
500
100
500
100
500
500
100
500
500
500
500
500
100
500
500
500
500
100
100
100
100
500
500
500
1,000,000
862,000
6,900,000
1,564,000
2,455,000
1,630,200
6,324,700
1,858,349
956,100
2,800,000
180,000
2,000,000
12,453,000
25,000
521,953
300,000
290,000
958,000
499,500
1,500,000
500,00C
1,921,900
1,166,666
300,000
200,000
1,273.000
20,000
30,000
636,000
1,600.000
606,900
1,500,000
745,800
376,600
3,000,000
398,000
475,000
662,500
500
the sinking fund of 1864, which amounted Dec. 31, 1887, to $550,471;
imblic school bonds out of public school fund, $488,265; Clinton Hill
Donds by sinking fund $263,560. The total debt, excluding water debt,
Jail. 1, 1888, was $7,379,000; sinking funds $2,726,206. The Aqueduct
bonds are not a direct liability of the city of Newark. Real and personal
property have been assessed at about two-tliirds of true value as fidlows: 1884, real estate, $72,456,775; personal, $18,524,775; tax rate
per $1,000, $20 30; 1885, real estate, $74,189,110; personal, $18,730,
160; tax late, $19 30. In 1887 total valuation was $9L090, 553, and
tax rat
$20-20. Population in 1870, 105,059, against 136,508 in
1880, and 155,000 in 1885.
,
New Bedford, iHass.-Population, 35,000 in 1886; 21,320 in
1870. Asf'essed valuations in 1887 were real estate, $17,372,600; per¬
sonal property, $15,309,694; tax rate. $17*40. Tu 1886 were real estate,
$16,7\ 8,900, and personalty, $15,416,686; tax rate, $16 per $1,000.
New Brunswick, N. J.—There are also $14,900 5s, due Oct. 1.
1888. The fiscal year ends March 31. On March 31, 1837, the assessed
valuation (of about 13 true value) of real estate taxable was $4,062,455 ;
personal, $1,325,850 ; tax rate, $4L*40 per $1,006. Bonds held by sink¬
ing fund March 31, 1888, amounted to $113,000. The city finances are
now under able and conservative
management, and the actual net debt
is
decreasing. On April 1 the statement was as follows for four years :
In 1885, net debt less cash and sinking’ funds. $1,561,100; in 1886,
$1,526,134; in 1887, $1,508,882
in 1888, $1,473,315.
Population in 1870,
50,840; in 1880,62,882. Assessed vaiuat’n (about 80 per cent of value),
tax rate per $1,000, Ac., have been:
Years. Real Estate.
Personalty. Rate of Tax. Tot. D’bt. 8kg.Fds.Ac.
1884....$36,298,114
$14,271,224
$1100
$714,000
New
42,000,000
1887
16,000,000
1100
43,500,000
17,500,000
11 00
New Orleans.—Total
11 00
.
819,000
$114,078
799,000
974,000
134,784
156,159
30, 1887, was $16,862,084.
new
to issue
6 per
cent
than premiums; the extended
bonds run till 1923, but are redeemable after 1895. Certificates were
issued for overdue coupons to Jan. 1, 1883, and though made for teu
M. A N.j
M. A N.|
A. A 0.1
J. A J.
F. A A.
J. A D
J. A J.
J. A J.
J. A J.
Various
M. A S.
J. A D.
Various
J.
.
.
May, 1897.
1894-1898
1898-1906
Oot. 1. ’91A1901
City Treasurer,
do
do
do
July 2, 1897
1895 to 1904
Dec.,1902 to 1908
1892 to 1934
1892 to 1923
Jan. 1,1893
1894 to 1923
1894 A 1922
1895 & 1922
1922 A 1923
When drawn.
1899 A 19231
1892 to 1923
1894 & 1900
1891 to 1903
1903 to 1906
New Orleans,
do
do
do
do
do
do
do
do
do
A J.
.
1905-1906
do
do
do
.
6
Nov. 1,1888 to ’92
1903 & 1910
Aug. 1, 1900
Feb. 1, 1890
1891, ’99 A 1904
Oct. 1, 1933
Oct.l, 1904, ’5 A 7
Nov. 1,1900-1906
Aug. 1,1907
July 1, 1898
June 1, 1895
Aug. 1, 1888
Nov. 1,1889A ’92
Q.-F.
5 A 6
6
7
July 1, 1911
Nov., 1888
Nov., 1888
Aug. 15, ’94, 1904
M. A N.
Q.-F.
Q.-F.
5,6 A 7 M. A N.
1900 A 1926
Nov. 1,1896
M. A N.
M. A N.
6 A 7
M. A N
5, 6 A 7 M. A N
0 g.
J. A J.
6 g.
J. A J.
6 g.
J. A J.
6 g.
J. A J.
5 g.
M. A N.
6 g.
M. A N.
M. A N.
6 A 7
7
J. A D.
7
J. A D.
M. A N.
5 A 6
M. A N.
4 A 5
M. A N.
4
3
M. A N.
M. A N.
3
3 to 7
M. A N.
M. A N.l
3
M. A N.(
6
3
M. A N.l
M. A N.
6 A 7
4, 5 A 6 M. A N.
3, 4 A 5 M. A N.
6
M A N.
M. A N.
6
5
Q.-F.
M. A N
4 A 5
M. A N.
7
M. A N.i
6
4, 5,6 A 7 M. A N.i
M. A N.|
6
M. A N.i
6
M. A N.i
6
3
M. A N.i
6
M. A N.l
M. A N.|
6
M. A N.
7
M. A N.l
7
M. A N.i
7
M. A N.i
5 A 6
M. A N.i
6 A 7
Various!
7
M. A N.
3
5 A 6
OK-
Aug. 1, 1889
1901-1904
July 1, 1901
July 1, 1901
July 1, 1901
Jan. 1, 1902
Nov. 1, 1896
Nov. 1, 1928
Nov. 1, 1894
Deo. 1, 1896
Deo. 1,1896
May 1,1916, A 26
Nov. 1/89, ’97’99
Aug., 1894
Nov. 1, 1910
Nov. 1,1906-1908
.
Nov. 1,1901-1918
Nov. 1,1905
Nov. 1,1899
)Nov. 1, 1907 & *8
May 1,1894 & ’97
May 1, 1903
Nov. 1,1891
Nov. 1, 1905
May 1, 1926
May 1, 1926
May 1, 1928
Nov. 1,1890
Nov. 1,1891
Nov. 1, 1888-’98
Nov. 1, 1888
Dec. 1, 1891
Nov. 1,1891
Aug. ,’94 ANov. ’97
Nov. 1, 1888
Nov., 1888-’90
Nov. 1,1895-’97
Nov. 1.1891
Nov. 1,1890
Nov. 1,1890
Nov. 1,1902
1888 to 2147
Nov. 1, 1903
1
years the certificates are payable at option.
The valuation of property,
real and personal, in ’84, $111,581,744; tax rate per $1,000, $20-000
in ’85,
$123,929,208; tax rate $25*40; in ’86, $127,765,853, tax rate
$20 20; in 1886-7, $125,096,250, tax rate $20*20. A scheme for settling
the debt by a bond premium drawing plan is in practice, and drawings
take place Jan. 31, Apr.15, July 31 and Oet.15. Popul’n in ’60, 216.090.
Newport) Ky.—Total funded debt Jan. 31,1838, was $1,071,000, of
which $icO.OOO was water debt; sinking fund assets Deo. 31, 1887,
$30,749. Assessed valuation (about two-thirds true value) in 1887—
personal property $605,710, rjal estate $7,023,840; tax rate 1882 to
1887, inclusive, $20 00 per $1,001; population 1880, 20,433 ; in 1887,
estimated 30,000.
New York City.—The total debt of New York, January 1,1837, was
$125,932,736; the amount of sinking funds, $41,205,470. The follow¬
ing statement shows the details of funded debt and the amount in the
city sinking fund at the dates named:
Description.
Jan. 1, 1886.
$125,475,240
Jan. 1, 1887
$125,982,736
Jan. 1, 1888.
$128,263,719
36,113,814
Total funded debt
41,205,470
39,522,484
$89,361,426
3,670,525
$84,777,266
5,618,368
$88,746,235
4,554,346
Sinking fund
Net funded debt
Revenue bonds
Total net debt
$93,031,951
$90,395,634
$93,300,581
1870 was 942,292 ,
the vacation, rate
been as follows:
Tax p. $1,000
Net Debt,
Personal
Deo. 31*
Estate.
State. City.
34 96 $24 94
$181,423,471
$35,973,597
The population of New York, by the U. S. Census, in
and 1,206,299 in ’80. Jan. 1, ’65, and since Jan.,’72,
of taxation, and net funded debt at end of year have
Real
Years.
1865
1872
18771
Estate.
$427,360,384
797,143,665
306,949,422
1882
*
Less
895,063,933
206,028,160
900,855,700
debt June
lh June, 1882,
a
law was passed
40 year bonds for all old bonds other
50,000
;
Haven, Conn.—Bond funds, $156,159.
A J. N. Bruns’k Nat. Bank, N.
Various
M. A N.
7*3
5
kJ A J.
4
J. A J.
M. A N.
7
7
M. A N.
3
M. A N.
M. A N.
3, 312
14,5,6 A 7 M. A N.
5, 6 A 7 M. A N.
5 A 6
Q.-F.
;3^to6,7 M. A N.
A. A O.
3, 31c
A. A O.
3, 3 ia
4,5, 6 A 7 M. A N.
20,000
674,300
500
500
Cons.stock, Improvement Morningside Park..
3-,000
....
6
6
6
6 A 7
6 A 7
6
5
5 A 6
6 to 10
8
due.
Whom.
;
3*2
3 1-3
5, 6, 7
Principal—When
lpai-
Where payable and by
payable
J.
4
1,651,000
2,649,000
2,127,360
1,000
....
6
7
499,000
150.000
150,000
175,000
1,000
1,000
1,000
5
7
374,500
B
6
45,000
434,100
....
When
Rate.
124,500
m
•
INTEREST.
I
Amount
500
•
do
do
11
great favor by giving Immediate notice ot any error discovered in tliese Tables*
DESCRIPTION,
for explanations
SECURITIES.
197,532,075
918,134,330
942,571,690
1,035,203,816
175,934,955
201,194,037
sinking fund.
198,272,582
5 20
3 78
23 81
22 72
3 56
3 43
21 94
113,418,403
22 37
3 12 22 13
-22 50—'
109,425,414
106,066,240
109,388,483
\ Annexed towns Included.
95,467,154
117,700,742
INVESTORS’
12
Subscribers will confer
a
Norfolk, Va
—
Size
Date of
Bonds.
Value.
Coupon bonds.
Funding and Sewer bonds.
Sewer bonds
Funded debt bonds.
1870-’84
1881-86
1872-’73
1887
1871
1869
1880-’83
1882-’87
1886
1859-’86
1871
1869-’82
1864-’65
INTEREST.
Amount
or
par
notes on first page of tables.
Coupon bonds of 1881
Trust and paving, coup....
Coupon bonds
outstanding.
$100
$860,200
100
100
500
100
660,000
290,800
37,500
640,000
50 &c.
162,850
266,160
877,000
100,000
61,000
1,000
....
1,000
500
500
6
-
4*2
4*2 &7
70,000
393,500
5,6,7
1877-’88
1888
7
Peoria, 111*—School loan.
War loan.
....
Water loan
....
....
Philadelphia—Consolidated city loan.
....
....
Peoria & Rock Island Railroad
....
....
Refunding
....
50 &c.
....
1855
1855 to’71
1859 to ’70
1868 to’70
1862 to 65
1860 to’70
1868 to’74
50 &c.
&c.
&c.
&c.
564,500
6,401,800
3,836,000
8,403.200
11,706,500
16,241,100
&c.
3,500,500
1879
&c.
1868 to’74
&c.
1878
&c.
Funded debt and other municipal bonds
1845 to ’72
&c.
Compromise railroad bonds
100 &c.
1863
1882-’83
100 &c
1885
100 &c.
1869-’70
1,000
Loan to Portland & Rochester Railroad
1872
500 &c.
do
Portland & Ogdeusburg
1872
1,000
Municipal—proper
1867-79
500 &c.
Funding loan (redeemable July, 1902)
1887
1,000
1863
lOOO&c.
Water loan bonds, gd. (£1,777,000 are 5s, cp.)
1872-74 lOOO&c.
do
do
1876
lOOO&c.
do
do
gold coupon
1836
1,000
1875
£100
do
1879
2000&C.
1879
Large.
Prov. & Springfield RR. bonds, guaranteed..
1872
1,000
1879
V arious
1866 to ’77
Miss. & Mo. RR.
1870
1886
6,243,975
4,282,500
for water works
do
for bridges
do
for park and Centennial
do
do
for war and bounty purposes,
do
municipal, school, sewer, &c.
Guarant’d debt, gas loans.$980,200 due ’99
,
..
,
50
50
50
50
50
50
25
100
25
500
Pittsburg-
&c.
&c.
....
....
....
....
Bonds, reg. and coup. ($213,500 are coup.)....
New fives, 10-34 years
r
Bonds ($276,000 due 1920)
r
Rochester, N.Y.—To Genesee Valley Railroad
1872
1,000
To Roch. & State L. and R. N. & P. Railroads. 1872 to ’74 lOOO&c.
...
....
....
....
....
..
For various city improvements
Water works loan, coupon and registered
1872 to’75 Various
1873 to’76 lOOO&c.
Funding loan
1875
1,000
Consol loan
1882
5,000
Local improvement funding loan
1885
5,000
Bt.Louis—Renewal bonds ($100,000 only are 7s.) 1868 to’79 Various
Ren’w’l bds, $&£ ($548,000 10-20s, int. J.& D.)
1880
1,000
do
$&£ (10-208)
1882-83-85
1,000
do
1837
do
$&£
1888
1,000
General purposes
1858 to’75 Various
Tower Grove Park bonds (gold)
1868
1,000
Sewer oonds ($336,000 are gold bonds)
1858 to’75
1,000
New water work bonds (gold)
1870 & ’72
....
Refunding water pipe, special tax, gold, $ & £
Floating debt
Real est., g. ($25,000 5s
’90,$245,000 6s 1906)
Bridge approach bonds (gold)
Bonds for St. L. Gas Light Co., judgm’t.£ or $
St. Louis County bonds—County Jail
do
do
General purposes, gold
do
do
Park bonds, coup., gold
8t. Josepn, Mo— Fundingbonds
Funding bonds
Real
Estate.
$1,119,761,597
1,168,443,137
1,203,941,065
Personal
Estate.
$218,536,746
.1874
1874
1866-75
1872
.1885
1868
1872
1875
1881
1883
1,000
1,000
1,000
300,000
2,179,223
1,480,000
3,734,700
308,000
416,000
1,200,000
335,000
(?)
300,000
4,000,000
1,500,000
483,000
1,397,250
600,000
596,000
500,000
18,438
1,442,700
100,000
150,000
2,346,608
1,179,700
1,478,550
428,700
128,000
428,700
-128,000
3,182,000
410,000
100,000
150,000
4,364,000
1,024,000
913,000
4,415,000
1,599,000
637,000
340,000
589,000
1,700,000
800.000
900,000
465,000
461,000
950,000
1,000
500
1,000
1,000
500,000
600,000
1.000
1,000
1,900,000
819,200
902,000
...
Tax p. $1,000
State & City.
Net Debt,
Dec. 31 *
$22 50
$94,406,228
202.673,866
217,027,221
253,148,814
24 00
93,031,951
22 60
90,395,634
1,254,491,849
21 60
93,300,581
The Legislature passed a law in 1885 that the indebtedness should
not exceed 10 per cent of the assessed value of real
estate, and this 10
per cent was construed by the Court of Appeals not to Include the bonds
in the sinking fund as a part of tho debt. (V. 43,
p. 41: V. 44, p. 204 ;
V. 45, p. 86, 541; V. 46, p. 60.)
Norfolk, Va.—The assessed valuations
Years.
Real Estate.
and tax rate per $1,000
are:
Personalty. Tax Rate.
$10,086,898
$1,494,483
20
12,307,131
1,899,550
18
11,963,450
1,739,630
18
12,094,205
1,642.820
18
—Population by U. 8. Census in 1870, 19,229 ; in 1880, 21,966.
Omaha.-Total funded debt May 1, 1888. $1,398,950., Assessed
valuation in 1887—Personal property, $3,716,625; real
estate, $12,798,119; total, $16,514,744; tax rate per $1,000, $46 50. Assessed valua¬
tion is remarkably low (treasurer says
one-eightli of true value), hence
tax rate appears high.
State taxes are levied on same valuation,
which explains the undervaluation.
Paterson, N. JT.—Finances are apparently in a sound condition,
The assessed valuations, tax rate per $1,000,
&c., have been:
Years.
Real Estate.
$18,521,342
19,205,501
19,549,111
20,467,176
Personalty.
Tax Rate.
$3,876,075
3,816,500
3,891,115
3.913,863
$25 00
25 00
25 00
25 00
Debt.
$1,168,500
1,168,500
1,165,000
1,167,000
—Population, 51,031 in 1880; 33,579 in 1870.
Peoria, Ill.—Funded debt Dec. 31, 1887, $635,000; deduct water
debt, $450,000; net debt, $185,000.
Population, 29,259 in 1880:
22,849 in 1870; in 1886 (estimated), 45,000.
Philadelphia.—Jan. 1, 1888, the funded debt was $57,967,395
(against $70,970,042 in 1880), of which $6,401,800 was for water debt;
sinking fund assets (City, State and Gov. bonds at par), $23,585,000.
Norfolk and Baltimore.
do
do
do
do
Norfolk.
New York and Norfolk.
N. Y., Chem. Bank.
Kountze Bros.
do
do
do
do
1894 to 1914
1911,1916*
Apr..’92, JuTv
Sept. 1,1917
1901,1914 &l9ix
Oot., 1889
1900 to 1903
do
do
do
^
1902-1907
Aug., 1906
1887-1904
City Hall, by Treasurer.
Various
J. & D.
do
1887 to 1900
do
1887-1902
do
do
do
1887 to 1900
....
6
6
6
6
6
6
6
4
7
6
&
&
&
&
J. &
J. &
J. &
.
„
.
do
do
do
do
do
do
do
do
,
do
>
do
>
do
do
do
do
do
do
)
>
s
'
413
5
7
413
6
6
4*2
.
.
D.
Pittsburg, Treasurer.
N. Bos., Maverick N.Bk.orPtld
J.
do
do
S.
do
do
Boston and Portland.
ru’nthly
J. & J.
J. & J.
Providence.
J. & J. Boston, Prov. and London.
J. & J. N. Y.. N. City Bank, & Prov.
M. & S.
N. Y., Bost. or London.
J. & J. London, Morton, Rose & Co
J. & D.
Providence.
J. & J.
do
J. & J.
do
Various
Boston and Providence.
J. & J.
New York,
J.
J.
J.
J.
6
8
5
4
7
7
7
7
7
4
3
6 & 7
5
.
&
&
&
&
&
&
&
&
J.
J.
J.
J.
.
4
3*2
4
1893 to 1912
1913
Pittsb’rg and Philadelphia.
-
.
1891 to 1905
1908
Various Pittsburg and New York.
J. & J. New York, B’k of America.
J.
M.
J.
M.
1889 to 1903.
1899 to 1905
1888 to 1904
1893 to ’98
A. & O. Pliila., Townsend, W. & Co.
J. & J.
do
do
4 & 5
5
4
6
6
6
6
4
5
5 & 6 g.
5 g.
3*2 g
5 g.
•
Richmond, Treasurer.
do
do
*
do
do
1912-1913
Dec.
Nov.,
July 1, 1897
Sept, l’ 1907
1891 to 1897
Jill v 1
July 1,1906
Sept. 1, 1916
July 1, 1895
June 1,1899
July 1,'99 & 1900
1892
May 1, 1889
1888 to 1899
Jan. & Julv, 1900
July 1, 1906
J.& J., 1888-1914
1904-1909
■
July, 1914-’21
J. & J.
F. & A.
Various
J. & J.
J. & J.
F. & A.
J. & J.
Various N.Y., Bk. Repub. & Bk.Com. July 1889 to’99
J. & J. N.Y.,Nat.Bk. of Com.&Lon. Jan. & June, 1900
do
Various
do
1902-’03-’05
do
do
1907
do
A. &O.
do
Apr. 10, 1908
Various N. Y., Bk. Com. &Bk.Repub. June, 188S& 1895
F. & A. N.Y.,Nat. Bk. of Republic.
Aug., 1898
Various N.Y.,Nat. Bk. of Commerce
1888 to ’95
Various N. Y.,B’k of Com.& St.Louis.
1890 & 1892
M. & N. N.Y., Nat. Bk of Com.&Lon.
July 1, 1894
New York or London.
July 1, 1894
do
M. & N.
do
1890-95 & 1906
J. & D. N. Y., Nat. B’k Commerce.
Dec. 10, 1892
J. & D. N.Y., Nat.'B’kof Com.&Lon.
June 1, 1905
M. & S. N. Y„ Nat. B’k Commerce.
Sept, 1, 1888
do
J. & I).
do
June, 1892
:
A. & O.
do
do
April 1,1905
F. & A. N. Y., Nat. Bk. Commerce.
Aug. 1, i901
F. & A.
do
do
Aug. 1, 1903
0 g-
6 & 6 g.
6 g.
3 g.
6 g.
5 & 6
6 g.
4 g.
7
6 g.
6 g.
following table the assessed value of real estate is
value, and debt includes outstanding warrants.
Years.
..,
1886
1 010
Jan.', 1893
July, 1900
1920 & 1921
N. Y.. Union Trust Co.
Jan. 1,’89 to 1903
New York and Rochester.
Feb. 1, 1893
do
do
Jan. 1889 to 1902
N. Y., Union Trust Co.
Jan. 1,1903
do
Jan. 1,1905
do
Aug. 1. 1912
do
1890, redeem.’87
in the
1878
1885....
1, 1915
1888
^
6
4
6
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
1,226,000 5, 6 & 7
...
*
Various
&O.
&O.
& S.
&N.
& 0.
Various
Various
F. & A.
J. & D.
J. & D.
251,000 4,4*2 & 6 Various
do '
19O1-190tT
4
125,000
A. & 0.
do
1908 to I9J2?
Various N. Y., Merch. Ex. Nat. Bk.
7
30,500
June 1, 1890
M. & N.
4bj
do
42,000
do
Mar. 1, 1902&’03
do
450,000 5, 6 g„ 7 Various
do
June l,’88-’89-’01
47,000
4*2
N.Y., Am. Exch. Nat. Bank.
1908
7
J. & J.
100,000
New York.
July 1, 1888
6
J. & J. Philadelphia, by Treasurer.
1,069,820
1888 to 1897
....
....
7
Due.
Whom.
A.
A.
M.
M.
A.
10
6 & 7
5
Principal—When
Where Payable and by
Pay’ble
5
8
5
5 & 8
291,500
.
500
500
500
500
When
Rate.
467811883-6745 81183-7654.
War bounty bonds
Renewal bonds, “B,” “C,” “D,” “E” and “F”.
Park bds., $25,000 pay£
Years.
L VOL. XLVl
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanations see
SUPPLEMENT.
Debt
on
Jan. 1.
$73,615,352
64,131,362
near
its cash
Real Estate.
Personalty. Tax Rate.
$586,988,097
$2150
587,749,828
10,035,600
18 50
601,001,971
18 50
10,307,644
62,589,679
618.059.987
59,840,046
10.619.325
18 50
1888
58,778,213
644,063,374
3,149,665
18 50
Assessed valuations of property for 1888 were: Full
city property,
$586,299,595 (tax rate, $18 50); suburban property, $42,222^940 (tax
rate, $12 33); farm property. $18,690,504 (tax rate, $9 25). Popula¬
tion. 1870, 674.022, against 847,170 in 1880.
Pittsburg.—Total debt Jan. 31, 1888, was $13,203,423; net,
$10,772,950.
The assessed valuation in 1884 was: Real property;
$105,404,720; personal, only $1,838,258; tax rate, 1884, $16 per $1,000
Valuation of real estate in 1885, $108,530,608; personal, $3,000,000;
tax rate, $13. Valuation of real estate in
1887-8, $132,266,000; personal,
$2,464,000; tax rate, $18. Population, 156,389 in 1880; 86,076 in
1870, and on July 1, 1887 ^estimated), 205,000.
Portland) Me.—The sinking fund and available assets March 31,
1887, were $147,627, not including $1,350,000 P. & Og. RR. bonds.
The city is protected by mortgages on Atlantic & St. Lawrence Railroad.
Population in 1880, 3^,810; 1870, 31,413; 1887 (est.), 40,000. The as¬
sessed valuations, tax rate, &c., have been:
Real
Personal Rate of Tax
Total
Sinking
Years.
Estate.
Property, per $1,000.
Debt- Funds, &c.*
$20,431,300 $12,598,720 $20 00 $4,371,000 $133,846
20,794,300
20 50
12,014,435
4,286,000
106,408
21,208,000
11,759,525
21 00
4,285,500
162,986
21,571,000
11,862,200
21 00
3,942,500
147,626
*
These do not include the sinking funds for railroad loans.
Providence, R. I.—Floating debt Sept. 30,1887, $839,429. The
sinking fund for bonds due in 1893 is $355,580; 1895-99, $813,072;
1899-1900, $166,550; 1900-06-16, water loan, $474,033. Sinking funds
are invested in the
city’s bonds and notes. Net expense for water
works in year 1886-7 was $11,887.
Population. 1870, 68,904; 1885,
118,070. The laws of Rhode Island now limit the debts of towns to 3
p. c. of their assessed valuation.
..
CITY
May, 188 V|
SECURITIES.
13
Subscribers will confer a great favor by giving immediate notice of any error discovered in tliese Tables*
DESCRIPTION.
1837645.
t'or explanations see notes
St. Paul,
Bonds
do
do
do
Date of
Bonds.
on first page of tables.
Minn.—Bonds
-
«•
—-
...
Waterworks coups, (acts Feb.,’81 A Jan., ’83).
Salem. Ifass.—City
Size or
par
Value.
debt ($302,000 6s)
Water oan
do
San Francisco— Cent. Pac. RR., coupon
Western Pacific Railroad,
do
(gold)..
do
..
School bonds
School bonds
Park improvement bonds
Hospital bonds
of Correction bonds
City Hall construction
Montgomery Ave (special tax)
House
1881-85
1870 to ’85
1868 to ’81
1864 to’78
1860 to ’79
1886
1882-4-5
100 Ac.
100 Ac.
1,000
100 Ao.
100 Ao.
1883
1876 to’85 Various.
1886 to ’88
1,000
Bonds
Soringfield, Mass.—City notes
City bonds
Water loan ($200,000 are 6 per cents)
....
1879
Savannah, Oa—Compromise bonds of 1879
Compromise bonds of 1883
Somerville, Mass.—Bonds ($10,000 o^s, 1904)..
Large.
1,000
1,000
1,000
....
c
....
c
c
....
Railroad loan
1875 to ’87
foledo, 0— General fund city bonds, coup
1874-’77
floating debt refunding bonds
1870
Toledo & Woodville Railroad, coupon
Water works ($3,000 only 6s)
’73,’74A79
L8S3-’84
Bridge bonds (redeemable after 1893)
Worcester, if.—City, ($500,000 o., $1,443,400 r.) 1861 to ’83 500 Ac.
1870 to ’86 500 Ac.
Sewer debt (all registered)
1870 to’85 500 Ac.
Water debt, reg
Years.
....
....
....
....
....
Real
Personal
Tax per
Property.
$31,722,000
30,854,400
31,314,600
32,281,500
34,021,720
$1,000.
$14 50
14
14
14
14
50
50
00
50
Total
Debt.
348,500
387,500
485,000
62,000
27,000
1,200,000
120,000
1,032,000
296,000
432,000
1,000,000
250,000
1,883.400
785,000
AssetsinSink.
Fimds, Ac.
$1,681,400
1,843,785
'1,438,328
1,701,985
1,815,811
$9,941,188
9,890,688
9,568,188
9,685,817
9,767,616
Quincy, Ill.—Total funded debt March 1,1888, $1,728,100. agst
$1,922,1 31 July 1,1881.
Assessed valuation in 1887 about $4,500,000-mucli below true value. Population in 1888 about 36,000. An
annual sinfcing fui d of $25,000 is rapidly reduoing the debt. There
are also $35,400 5 per cents (M. A 8.) due 1902.
Richmond, Va.—Total debt Jan. 1, 1888, $5,633 683. In 1887,
real estate valuation, $33,106,024; personal, $10,909,612; tax rate per
$1,000, $14. In 1886, real estate, $33,517,807; personal, $14,575,848:
taxrate per $1,000, $14. In 1885, real estate, $32,347,803; personal,
$13,751,666; tax rate, $14. Population, 63,600 in 1880; 51,038 in 1870.
Rochester.—Total funded debt, $5,309,000 July, 1887.
The bonds
•of Genesee Valley RR. loan, $132,000, are provided for by net receipts
from a lease of said road to Erie Railway. Population, 89,366 in 1880;
■62,386 in 1870; in 1882, estimated, 105,000. Assessed valuation (60
per ct. of true value), rate of tax, Ac., have been :
Real
Personal
Tax per $1,000
Total
Years.
Estate.
in old Wards.
Debt.
Property.
1883.... $36,166,200
27-65
$1,817,200
$5,354,000
32 22
1884.... 37.270,850
1,778,100
5,284,000
1885.... 38,563,020
30-98
2,389,050
5,399,000
1886.... 72,171,975
15-22
3,345,000
5,459.000
1887.... 72,860.900
16-45
4,529,000
5.309,000
In 1886 real estate valued at 80 p.c. Populationin 1887 about 125,000.
Rockland. Me.-Valuat’n of real and personal estate, 1885, about
$3,900,OOo; tax rate. $26 per $1,000; 1886 valuations, $3,788,780; tax
Tate, $22 50 per $1,000; 1887, tax rate, $24. Population, 7,599 in
1881; 7,074 in 1870.
St. Joseph, Mo.—Population in 1880. 32.431; in 1870, 19,565; in
1887, estimate 160,000. A compromise of the debt was made in new 4
per cent bonds, which are given for the full principal and interest of
old bonds. Dec. 31,1887, there were in addition to bonds given above
$28,450 small issues. Total fuaded debt Deo. 31, 1887, was $1,749,650;
cash in sinking funds, $44,093.
The assessed valuations (in 1887 one-half of actual valuation) and
taxrate per $1,000 for three years were as below:
Real estate.
Personal.
$7,586,650
|883
1884
$3,678,193
Tax rate.
$23
42
7,873,150
3,700,222
1887
'
21
15,000,000
8t. Louis.—Population by the United States census in 1870 was
310.864, against 350,518 in 1880. The city and county were merged
by law in 1877 and city assumed the county bonds. A claim of the
ot. Louis
Gaslight Company for gas furnished, amounting in all to
about $882,000, with interest to March 31, 1882, was decided against
tbecity in 1880 and paid. $548,000 renewal bonds, due 1900,are redeem-
fblein 1890: $913,000, due 1902-1905,
tne bonds as
are redeemable 1892-1895. Of
given above, $2,349,000, maturing in 1888, will be redeemed
proceeds of the $4,415,000 bonds of 1887. In addition to the bonds
given in above table, there are the following: $10,000 Hospital, 6s,
$44,000 Harbor, 6s, due 1898; $55,000 Caiondelet
with
uujebtedness 6s, due 1895, and $100,000 Fire Dept., 6s, due
Assessed valuation of
property and tax rate have been:
Rate of tax per $1,000.-
Real Estate
and Personal
_
Jews.
Property.
}884
$211,480,710
J886
214,427,690
207,526,000
*887
216,778,670
“(V. 44, p. 586; V. 45,#. 26.)
New
Limits.
Old
Limits.
$5 00
$17 50
5 00
5 00
5 00
17 50
17 50
17 50
1895.
Bonded
Debt.
$22,105,000
22,016,000
22,942,000
22,105,000
1870 was 22,300; in 1880, 41,498;
population is 148,017. Assessed valuaproperty and tax rate have been:
Personal
Real Estate.
Property.
$31,000,000 $12,000,000
47,000,000 14,263,565
|883
•UJao
/Valuation
~
V. 44,
p.
Rate of Tax
per
$1,000.
Total
Debt.
$24 50
$2,328,040
16 00
19 50
50,512,212
14,291,946
68 539 570
^
lol
17 50
x t
15,584,481
of real estate is about one-half of true value.
3,815.640
4,521,057
473.)
655,300
4^3
4 A 5
4 A 6
6
5
7 g.
7 g.
7 g.
6 g6 g.
6 g.
7 g6 g.
7 g.
5
5
5
t
When
Pay’ble
Where Payable, and by
Whom.
3,027,140
Principal—When
Due.
Various N. Y. Am. Exch’ge Nat. Bk.
1907 to 1912
Various
do
do
1897 to 1915
Various
do
do
Nov.,1888 to 1904
Various
do
do
Oct., 1895 to 1803
do
Various
do
1893 to 1904
do
do
1916
Various
do
do
1912 to 1915
Various
July 1888 to 1895
City Treasury.
A. A O.
do
do
Apl. 1,1893-1898
J. A J.
do
do
July 1, 1904
J. A J. San F. A N.Y., Laidlaw A Co.
July 1, 1894
M. A N.
do
do
Mayl, 1895
J. A D.
do
do
June 1,1890
J A J.
de
do
July 1, 1894
J. A J.
do
do
1897 A 1904
M. A N.
do
do
Nov. 1, 1891
J. A J.
do
do
July 1,1894
do
do
July 1, 1899
....
J.
A J. San.F. A N.Y.,LaidlawA Co.
1896
N. Y., Eugene Kelly A Co.
Feb. 1, 1909
do
do
July 1,1913
Various Boston, Nat. Security Bank
1888 to 1900
Various
do
do
1888 to 1907
Various Salem and Hampden Co.
4*8
1888-1892
6
Various Boston, First National B’k. Apr., 1889 to 1890
6 A 7
A. A O.
do
do
Apl. 1,’94, to 1905
7
A. A 0.
do
do
1888 to 1893
4 to 8
Various N. Y., Imp. A Trad. N. Bk.
1899 to 1917
6 A 8
Various
do
do
1889-1892
7*3
M. A N.
do
do
May 4, 1900
6 A 8
Various
do
do
1893 to 1899
5
A. A O.
do
do
Oct. 1. 1913
4, 5 A 6 Various C.Treas.ABost. Mehta.’ Bk. Jan. 1, ’89 to 1905
do
do
4, 44«, 5 Various
1899 to 1906
do
do
June 1,’88 to 1915
34, 4,5,6 Various
Q-F.
Q.-J.
Salem9 Mass.—In addition to the debt
as
above given there were
Jan., 1888, $97,207 trust funds, mostly payable on demand. The sinking
funds Jan., 1888, were $457,261, consisting
principally of City of Salem
bi nds.
Population, 27,563 in 1880; 24,117 in 1870.
Tax valuation,
1882, $25,528,242; tax rate, $15 50. In 1883 valuation, $25,614,115;
tax rate, $16.
In 1884 valuation, $25,360,772; rate of tax, $17 50. In
1885 real estate valuation, $12,831,300; personal, Ao., $12,234,830;
total, $25,066,130; taxrate, $16 50. In 1886 valuation of real estate,
$13,283,500; personal,$12,937,024; total, $26,220,523; taxrate, $15 50;
in 1887, real estate, $13,512,900, and personal Ac., $12,694,827; tax
rate, $L6 00.
San Francisco.—Population, 233,959 in 1880; 149,473, in 1870
Tiis Montgomery Avenue and Dupont Street bonds are special issues
chargeable only ou the assessment of property benetltted, and suits
are io progress to determine their legal status.
The decision has been
iu favor ot the bondholders, but the case was appealed to the U. 8.
Supremo Court and remains pending.
Sinking funds on hand Oct.
5,1887, $1,020,080; net funded debt Oct. 5. 1887, was $1,209,920. The
following valuations are made by the oity and county, the valuations
by the State being different, but the tax rate below includes that for
State purposes:
Total
Realtv.
Personalty.
Tax Rate.
$158,723,269
$62,272,534
$16 97^
164,495,888
59,013,672
15 75
15 95
171,416,426
56,192,922
175,409,145
'
54,741,864
15 71
191,608,444
17 56
60,127,957
Savannah. Ga.—Default was made on interest Nov. 1,1876, inconse¬
quence of yellow fever and non-collectiou of taxes. The compromise
gave new 5 per cent bonds for the face of old bonds; and for interest up
to Feb. 1, 1879, 58 per ceut of the face value in similar bonds. Assessed
value of real estate and tax rate each year have been as follows:
In 1881, $10,500,000, $25; 1882, $10,650,000, $30; 1883,$10,900,000,
$30; in 1884, $12,500,000, $30; in 1885, $13,000,000, $2L 25; iu 1986,
$13,400,000, $21 25: in 188 7, $L3,700,000, $21 25. Population in 1870,
28,235, against 30,709 iu 1880.
Somerville, Mass.—Total debt, May 1,1888, $872,500, of which
was water debt. The large reduction of debt iu 1888 to May 1
($652,500) w*8 accomplished by applying entire sinking funds to its
payment. Property valuation in 1882, $23,162,200; In L883, $23,812,900; iu 1884, $24,331,100; in 1885, $25,907,700; iu 1886, $26,003,200.
Tax rate in 1885 and 1886, $15 40. In 1837 real estate was
$25,219,900; personal, $2,251,909, and tax rate, $14-80. Property
is assessed at full value.
Population 29,992 in 1885 ; 14,685 in 1870.
$238. >00
Springfield., Mass.—Total funded debt, Jan. 1, 1888, $1,415,000?
deduct water debt, $L,200,090; net, $215,009; cash assets, $144,124*
The railroad debt falls due $20,000 each year.
Population in 1887
estimated at 40,000; 1870, 26,703. Tax valuation and rates have been:
Personal
Tax rate
Real Estate.
per $1,000.
Years.
property.
12 50
1881
$8,935,850
$23,795,920
12 50
1882
9,198,258
25,084,420
12 50
9,260,459
1883
25,676,800
14 00
1884
8,792,666
26,201,150
12 80
8,827,966
1885
26,969,800
12 80
1*86
9,143,442
27,638,760
13 80
9,416,384
1887
28,566,280
—Valuation of real estate is about 75 per cent
of true value.
$3,142,700.
Toledo.—Total funded debt, Jan., 1888, was
Minn.—Population
ASaQl> local estimate of in
™ 1887 the
w°ns of taxable
183-97564
374,500
1,579,000
919,000
3,301,000
....
Estate.
$90,143,400
91,642,100
92,887.400
97,975,900
99,754,040
4
5
6
7
8
901,600
468,000
507,882
263,125
425,000
1,500.000
539,500
200,000
398,500
161,000
87,000
285,000
200,000
475,000
210,000
150,000
1,000
l.OOO&o
1864
500 Ac.
1865
500 &c.
1870
500 &c.
1874
500 Ac.
1872 to ’75 500 Ac.
1871 to ’73 500 Ae.
1874
500 Ae.
1875 to’76 500 Ac.
Rate.
$81,000
1,000
500&C.
Various
Various
1873-74
1876
Dupont St. (special) (Act March 4,1876)
outstanding.
$1,000
Various.
1868-9
1878
INTEREST.
Amount
Of this
payable by special assessments was $25,709 Sink, fund assets,
$109,50o. In aldition to bonds as given above, there are $29,900 6s, due
1891 and 1892, and $60,000 5s, due in 1888, 1895 and 1905.
Taxable
valuation (tO per cent) oi real estate, 1885, $21,733,240; personal,
$8,157,060; total valuation, $29,930,300; tax rate, $28 per $1,000. Val¬
uation, 1886, real estate, $22,179,770: personal, $3,118,620; total val¬
uation, $30,298,399; tar rate. $28; 1887. real, $22,559,910; personal,
$8,212,390; total, $39,802,390; tax rate, $28 (city, $ 14 50; aenool,
Population, 50,137 in 1880;
$5 39; State, $2 90; county, $5 30).
31.584 in 1870; in 18S8, estimated, 73,000.
Worcester, Mass.—Total funded debt, Jan. 1, 1888, $3,383,700,
of which $65d,300 was water debt. Cash assets Dec. 1, 1837, $1,446.3 47, including $903,652 iu sinking fund.
Population, 80.0 JO, estimated
Jan. 1, 1888, 58,291 in 1880, 41,105 in 1870. Tax valuation m 4 882,
$45,504,512; tax rate, $L7 40 per $L,009. In 1883. $48,570,335; tax
rate, $17 20. In 188 4, $50,773,4.75; tax rate, $16 60. In l83o, *.>2,714910; rax rate, $18. In 1888, $5 4,566,389; tax rate, $18. In 1887, real,
$45,328,800; personal, $14,068,075; tax rate, $17.
the
SUPPLEMENT
INVESTORS’
14
Subscribers will confer a great favor
by giving immediate notice of any error discovered in these Tables
|
DESCRIPTION.
For explanation of column headings, &c., see
on first page of tables.
notes
Miles ! Date
of
.of
Road. | Bonds
233
Ala. N. O. Texas <t Pac. June.—1st deb.,red. at 115.c*'
2d debentures
c*
Ala. Qt. Soulh’n.—lat mortgage
c
Gen. M. redeem. June 1, i898, $20,000 per mile..
Albany <£ Susq —Stock, 7 p. c. rental D. 6c H. Canal.
1st mortgage
c
•
.
•
_
290
290
209
142
142
142
132
110
110
259
27
35
71
254
34
Albany City loan (sinking fund, 1 per ct. yearly)c
Consol, m., (guar. D. &H. endorsed on bonds)..c*
Allegheny Valley—General mortgage (Riv. Div.)..c*
Bonds to State Pa. (endorsed) 2d M., East ext..c*
1st mort.. East’n Extern, guar, by Pa. RR
c*
Funding income bonds, with traffic guarantee. c *
Amador Branch—1st mortgage
1882
1884
1878
1888
•
....
-
,
m
-
-
•
mmm
m
m
m
27
66
232
282
•
•
•
•
1863
1865
1876
1866
1870
1871
1874
1877
Arizona Mineral Belt—1st M., g. ($20,000 per mile)
AsheviUe dk Spartanburg— 1st mortgage, gold
c
Atchison Col. dk Pacific—1st mort., guar. C.B.U P..
Atchison Jewell Co. <£ West.—1st M., guar. C.B.U. P.
Atchison Topeka & Santa Fe—Stock
3,016
470
1st mortgage, gold, ($15,000 p. m.)
Land gr.M.^g. ,"($7,500 p. m.) pay. from land rec’ts
Consol, bonds, gold, ($7,500 p. m.)
5 p- c. bo .ids (drawn at 101) s. f. $34,250 yearly...
S. F. 5% bds,plain (red. at 101) s. f. $37,000 yearly
4*2%
f- bds. (dr’ii at 100) s. f. $78,000
c&r
6% s. f. secur’d, bds. (dr’ii at 105) s.f.$123.000 eAr
Collateral trust bonds., gold (V. 44, p. 245).. ..cAr
At. T. &S. FeinCkic. (terminal) guar. $10,090,000
Wich. &S.W., lstM.,g. ($15,090 p.m.), rental guar.
K. C. Top. & W.lst M., g. ($13,000 p.m.),rental gu.
inc. bds., ($4,600 p.m. guar.)
do
do
Pueblo & Ark. V., lstM.,g. $14,000 p. m. guar..c*
Pu.&A.V.,lst(<fc2donl48m.)$ 14.000 p.m. guar..c*
K. C. Emp. & 8o., 1st M $8,000 p. in., ed.. cuar.
[Vol. XLVL
64
•
•
•
•
1885
1879
1879
1869
1870
1873
1830
1380
1830
1881
1887
1887
1872
1875
1875
1875
1878
1879
INTEREST OR DIVIDENDS.
Size, or
Amount
Par
Outstanding
Value.
£100
$7,123,000
2,232,000
1,714,000
“34,000
£100
$1,000
£100
3,500,000
$100
1,000
1,000
1,000
1,000
100,000
1,000
998,000
1,000,000
9,769,000
4,000,000
2,100,000
10,000,000
100 &c.
9,726,300
675,000
700,000
1,000
1,000
1,000
1,000
1,000
500.000
4,070,000
542,000
75,000,000
100
500 &c.
500 &c.
500 &c.
7,041,000
2^411,500
108,500
974,000
3,481,000
1,000
1,000
1,000
l.OOO&c
4,610,000
14,422,000
11.649,000
4,009,009
412,000
854,000
100 &c.
....
1,000
1,000
200,000
....
1,000
1,633,000
2,082,000
$1,000
$532,000
1,000
Alabama N, O. Texas & Pacific Junction (Limited).—(See
Map Oinn. N.O. <£ T.P.)—This is au English Co. controlling the Vicksburg
& Meridian, 142 miles; Vicksburg Shreveport <fe Pacific, 189 miles; N. O.
& North Eastern, 195 miles; and Spanish Fort R’y, near New Orleans, 13
miles. It also controls the Cincinnati New Orleans & Texas Pacific
years,
Rate per
Cent.
Where Payable,
Whom.
Payable
When
A. & O.
6
J. & D.
6
6 g. J. & J.
5
J. & D.
J. <fc J.
7
J. & J.
6
M. & N.
6 g. &7 A. & O.
7*30 J. & J.
5
Jan’ary
A. & O.
7
A. & O.
7
6 g- J. & J.
0 g- J. & J.
6 g- A. & 0.
6
Q.—F.
6
Q.—F.
1^
7 g7 g7 g.
5
5
4^
6
5
5
7
7
7
7
g.
g.
g-
g.
gg-
7 g.
7 g.
and by
Stocks—Last
Dividend.
Last paid April, 1887.
Last paid Jan., 1887.
N. Y.,Farmers’ L. & T. Co
London.
N. Y., B’k of Commerce.
N.Y.,Del. & Sud.Can.Co
do
do
Bonds—PrincT .*
pal, When Due*-
do
do
April 1, 1907
June 1,1907
Jan. l, 1903
Dee. 1,1927
Jan. 1, 1885
July, 1888
1895-’97
April 1, 1903
NYY.,Wins. Lanier & Co. March 1,1890
Harrisburg, Treasury. 100,000 y’rly.
Philadelphia or London April 1, 1910
N.
Y., So. Pacific Co.
B jston.
N. Y. Companv’s Office.
N. Y.U.P.Of.&Un.Tc.Co.
Oct. 1, 1894
Jan. 1. 1907
1916
April 1, 1925
May 1,1905
N.Y.U.P.Of.&Un.Tr.Cj,
May 1,1905
Boston, N. Y. & Chio.
May 15, 1388
Q.—F.
J. & J. Boston, North Nat. Bk.
July 1,1899
Oct. 1.190C
do
do
A. & O.
do
do
A. & O.
April 1,1903
A. & 0.
Boston, BostonNat.B’k.
M.
A.
J.
F.
J.
J.
J.
M.
J.
J.
J.
do
Bost. Safe
<fc
&
&
&
&
&
&
&
6c
&
&
S.
0.
D.
A.
J
J.
J.
S.
J.
J.
J.
do
Dep. &Tr. Co.
N.Y.,B’kof Com.& Bost.
B jst.,Safe Dep. & Tr.Co.
do
do
Boston, North Nat. Bk.
Boston, Everett N. Bk.
do
do
Bost., N. Bk. of No. Am.
do
do
Boston, North Nat. Bk.
April 1,1909
Sept. 1, 1920
Oct. 1. 1920
Dec. 1, 1911
Feb. I, 1937
Jan. 1, 1937
July 1, 1902
July 1, 1905
Mar.
1, 1906
July 1, 1905
July 1, 1905
July 1, 1909
and guaranteed the bonds. The road is controlled, and the whol
system is virtually owned by Union
Stock. $1,522,400 (pir$100), of
Rental is $254,370 per annum.
Pacific, but operated by Mo. Pac.
which U. P. and C. P. own $920,300.
Atchison Jewell Co. Sc West.—Jamestown, Kan., to Burr Oak,
Railway Co. (lessee of the Cincinnati Southern Railway). The manage¬ Kan., 34 miles. Under same auspices and control as Atchison Colorado
ment of the company is the same as that of the Alabama Great Southern
6c Pacific. Stock,$202,800, of which Central Branch Union Pacifio owns
In
RR.
Nov., 1887, Francis Pavy was appointed in Lmdon $105,000. Rental is $34,000 nor annum.
leceiver of the English company in liquidation.
The preferred or
Atchison Topeka A Santa Fe.-(See Maps.)— Line of Road “A” shares are £1,500,000, having a preference for 6 per cent cumu¬
A complete detailed statement of the lines of roal operated on Deo,
lative, and the deferred or “B” shares £2,500,000; par value of all 31, 1837, was
given in the Chronicle, V. 46, p. 610. Tue totals of the
shares £10 each. The first debentures are redeemable any time at 115,
different systems are as follows: Atchison, 2,081 miles ; Southern Kan¬
The company holds the following securities, viz.:
on six months' notice.
Cin. N. O. & Texas Pacific $532,000 stock; Vicksburg <fc Meridian, sas, 935 miles—total, both systems, 3,016 miles; Sonora, 350 miles;
roads owned jointly with other companies (one-half of 229 iuiles-114
$245,000 1st mortgage, $105,000 2d mortgage, $416,500 3d mortgage,
miles); tata’, 3,-430 miles. The results on all these systems are included
$1,464,300 preferred stock and $363,000 common stock; of Vicksb. in the Atcli.
Top. Sc S. Fe report, lu aldition to the above, the Atchi¬
Shrevep. & Pac. $3,692,000 1st mort., $1,931,000 incomes and $1,594,- son Co. owns
exclusively the Gulf Col. & S. Fe RR 1,022 miles, and is
000 stock; of N. O. & North Eastern $4,900,000 1st mort. and $4,320,000 stock; N. O. Spanish Fort&L. RR. $300,000 1st mort. and $200,000 part owner of the California Southern RR., 211 miles, and the Atlantic
& Pacific RR.,
919 miles. Also owns entirely, or controls, the Chica¬
com. stock; Cincinnati Southern, $532,000 stock.
(V. 45, p. 52, 436.)
go Santa Fe & California Ry., 493 miles, the St. Joseph St. Louis & San¬
ta Fe RR., 96 miles, the Chicago Kansas Sc Western (all iu Kansas),
Alabama Great Southern.— (Sec Map Cinn. X. O. <6 T. P.)— From
903 miles, the St. Louis Kansas City & C ilorado RR., 61 mi’es, and Cal¬
Wauhatchie, Tenn., to Meridian, Miss., 290 miles; leased, Wauhatchie
ifornia Central Ry.f 184 miles. Total of all other lines, 3.89 4 miles. The
to Chattanooga, 5 miles
total operated, 295 miles. The Alabama &
operations of the-e roads are, however, kept entirely distinct
Chattanooga RR. made default Jan. 1,1871, and road was sold under fore¬ from those of the other
systems and are not given in the Atchison’s
closure Jan. 22, 1877. Present company organized Nov. 30, 1877, and is
controlled by an English company of -the same title. The English com¬ reports. Grand total owned and controlled, 7,374 miles. The California
Southern gives a through route to the Pacific coast at San Diego, via
pany has $670,000 debentures exchangeable for genl. mortgage bonds.
the Atlantic 6c Pacific RR.
Capital stock—common, $7,830,000, andpref. 6 p. c. cumulative for six
Organization, Leases, &c.—The A. T. 6c S. Fe. Co. was incorporated
years, $3,380,350; par $50.
In 1887 it was voted, subject to act of
Parliament, to issue for arrears of interest on preferred stock 4 per cent March 3, 1863, and includes the Atchison & Topeka RR., incorporated
certificates, redeemable by sinkg. fund in tan years. Toe genl. rnortg. Feb. 11, 1859. The land grant was received by Act of Kansas Feb. 9,
The main line of 471 miles was opened Dec. 23, 1872.
for £1,160,000 was authorized in 1888 to provide for equipment, im¬ 1864.
The
provements, &c.; sufficient bonds being reserved to retire prior mort* whole system outside of the main line is nominally under different cor¬
gage bonds and debentures. V. 46, p. 60S.
Gross earnings in 1887, porations, of which the ownership is vested in the A. T. AS. F.. and the
$1,575,993; net over expenses and taxes, $174,361. Gross in 1886, roads also leased to that Co., and interest on the bonds usually paid as
,
$1,215,195; net, $276,798.
(V. 46,
p.
608.)
Albany Sc Susquehanna.—Road owned from Albany, N. Y., to
Binghamton, N.Y., 142 miles; branches operated Duanesburg Junction,
N. Y., to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley. 21
miles; operates Lackawanna & Susquehanna RR., 22 miles; East Glenville to Coons, 10 miles; total operated, 209 miles. Leased in perpetuity
from Feb., 1870, to Delaware 6c Hudson Canal Co.; rental, 7 per ceut
on stock and interest on bonds.
Additions and betterments charged to
lessors, and cost made part of investment. The consol, mort. is for $10,000,000, of which $3,000,000 are 7 per cents, currency; the principal of
the 6s. is also payable in “lawful money,” but the interest in gold. Gross
earnings in 1887, $2,786,322; net, $939,944. (V. 45, p. 180, 614. 855;
V. 46, p, 228, 481, 610.)
Allegheny Valley.—Owns from Pittsburg, to Oil City, Pa., 132
miles; branches—Red Bank, Pa., to Drift wool, 110 miles; others, 17
m.; total operated, 259 m.
The stock is $2,166,500. Of the inc. bonds
the Penn. RR., No. Central and Phila. 6c Erie hold $6*087.000, the
Interest on which was paid altogether in bond scrip. The coupons of
guaranteed bonds held by the Pennsylvania Railroad for advances
amount to $6,2S3,935.
The Penn. RR. owns $1,250,000 stock and
$5,510,000 funding 7 per cent bonds. In May, 1881. receivers were
appointed at the instance of tlie Penn, and other railroads as plaintiffs.
From January 1 to Mar. 31 in 1888 (3 months) gross earnings were
$171,335, against $455,250 in 1887; net, $189,295, against $154,905.
In 1887 gross earnings were $2,029,103; nor. $797,769: deficit imd-u*
charges, $397,463. in 1886, gross, $1,812,729; net, $681,230; interest,
$1,115,604; deficit, $432.384.-(V. 44, p. 21, 612; V. 45.p.792, 886; V.
46, p. 480.)
Amador Branch,—Galt, Cal., to Tone. Cal., 27 miles. Leased till
Nov. 1, 1890, to Cent. Pacific, but in Nov., 1386. new lease to Southern
Pacific was made; rental $48,000 per annum. Stock, $675,000. Earn¬
ings in 1887, $52,819 gross and $25,oS8 net. In 1886 gross earnings
$39,443; net, $13,124. Lelaud Stanford, Pres’t, San Francisco.
Arizona Mineral Belt. — R >ad as projected from Fiagstalf. on the
Atlantic 6c Pacific, ft* Globe, Arizona, 180 miles, and completed to Ful¬
ton. 35 miles.
An important contract between this company and tire
A- 6c P. is in dispute, and work lias been suspended.
J. \\\ Eddy, Brest.,
Boston, Mass. —(V. 45, p. 112, 561, 612; V. 46, p. 2IS, 480.)
Asheville Sc Spartanburg—(See Map Richmond & TP.
From Spartanburg, S. C., to Asheville, N. C., 71 miles.
P. Term),—
Formerly
■Spartanburg 6c Asheville; sold in foreclosure April. 1381, and reor¬
ganized. Stock $1,050,000; par $100. Controlled by Rich. 6c Dan. In
3’ear ending June 30, 1887, total income was $52,840; deficit under
operating expenses ana taxes, $21,585.
In 1835-6, gross earnings
$29,583; deficit, $5,527.
Atchison Colorado Sc Pacific.—Watervillc, Ran., to Washington
Kan., 20 miles; Greenleaf, Kan., to Logan. Kan., 155 miles; Logan to
Lenora, Kan.. 25 miles; Downs, Kan., to Ball City, Kan., 24 miles; Yuma,
Kan., to Warwick, 31 miles; total, 254 miles. The road forms an exten¬
sion of the Central Branch Union Pacific, which leased it in 1879 for 25
rental. The Southern Kansas and the Sonora systems are not leased,
but are controlled by ownership of the stock.
In Aug., 1884, an agreement was made for the control of the Mojave
Division of the Southern Pacific auda right for traffic over the Southern
Pacific to Sau Francisco.
In 1886 the Atlantic & Pacific 1st mortgage
bond interest was reduced to 4 per cent and the bonds guaranteed onehalf each, severally but not jointly, by the Atchison and Sau Francisco
companies. See Atl. & Pac. and St. L. 6c San Fran, in this Supplement.
In April, 1836, the G. C. & S. F. was purchased by the Atchison Com¬
pany by the exchange of G. C. *fc S. F. stock for Atchison stock, $8,000,'
000 in all.
See official circular, V, 42, p. 630.
Tne fiscal year ends December 31.
Stock and Bonds—The stock has been increased from time to time
to present figures, for the acquisition of the auxiliary lines and by
way of stock dividends. Dividends have been—in 1879, 3 per cent;
1880, 8^3; in 1881, 6 cash and 50 stock; from 1832 to 1836, in¬
clusive, 6 per cent, and in 1887 6 4 per cent.
The range in prices of
stock iu Boston was—in 1881, 92a> 1544: in 1882. 7378#961s; iu 1883,
in
78a)864; iu 1334. 59H)#30; in 1835. 634®B9^; in 1*86, 797a# 100;
in 1887, 9J18#11978; in 1833 to May 13, inclusive, 8312®99r>8
Such bonds as are hsld iu the comp my’s treasury, or leased line bonds
held as collateral for any of its own bonds given above, are not included
in the above amounts outstanding.
Total of bonds redeemed in 1887
was $323,000.
Tue land grant bonds receive the proceeds of laud sales
in payment of interest and principal.
The sinking fuud 5 per cent bonds due Sept. 1,
1920, are plain bonds
(not mortgage) and oartLy secured by deposit of $630,0 )0 plain bonds
of Kansas City Topeka & Western RR. Sinking Fund is 1 per cent p-r
annum, with which bonds are drawn at 101.
The 4^ per cents due October, 1920, have $4,650,000 of the 6 p^r
cent mortgage bonds of the Rio Gr. 01 ex. & Pac. and $500,000 of the
RioGr. 6c El Paso roads as security, the sink. fd. being 18* p. ct. per an¬
num, rising to 3
by l!) 10. with which bon Is are bought or drawn at par
registered bonds for $5,000 issued for coupon bonds, aud are not re¬
deemable till after coupons.
The 6 percent bonds due Dec. 1,1911, have as security 1st or 2d mort.
bonds of a number of the proprietary or controlled railroads, at not
over $2 5,000 per mile, deposited in trust as collateral: they are re¬
deemed at 105 by the sinking fund, which is 1 p. c. ($123,0 >0/ per an¬
num till 1891 aud 2 p. c. thereafter;
reg. bonds fir $5,000 issued for
coup m bonds cannot be redeemed till after coupon bon Is. V.40. p. 38b.
Tne 5 per cent bonds, due April 1, 1009, aro secured by the N. Mex.
Sc So. Pac. 1st mort. 7s.
Tue collateral trust bon Is of 1837 are direct bon is of the Atchison,,
company,
against which are depodted in tru>t the bonds of bran
'h lines
constructed in California and Colorado, not exceeding $25,000 per
mil *. B ist. Safe Dep. 6c Trust Co., trustee. Se j V. 44, p. 245: V. 46, p.
Toe bonds oa Chicago property are secured on terminals. &c., m
385.
that city.
Interest on the Sonora RR. in Mex. (262 miles) 1st
teed ; these bonds are at $20,000 per mile, of which
M. bon is is guaran¬
$3,009 per mile are-
owned by the A. T. & S. F. Co.
The Cal fornii Southern 1st mortg bonds are guarantee! (by enlorsement oil the bonds) as ner Gie agreement of ro org mizatioa f >r tintcompany made in 1333. Tue first coapon oa the incoui} hoods wa£'
May,
RAILROAD
1888.]
=
=
—
Subscribers will
Aimlauation of column
y
on
i
T <£S
F
headings, Ac., see notes
lirst page of tables.
Western—1st mortgage coup
Pratt & West.,1st M.,g. ($15,000 p.m ).c*
Wichita A
DeavTop.AS.W.—lstm.,1«guar.byAt.&1flbyUn.P.
N Hex. A So. Pac —1st, g., ($15,000 p. m.). guar.
Sonora, 1st mort., gold, interest guaranteed
Cal.So.,lstM.,g.,gu. s.f.$25,000 yearly <dr.atll2)c*
bonds
Chic. Kan. A West.. 1st, g, guar, by A.T.A S. F.-c"
do
inc. bds., non-cum.($7,000 p. m.) .c*
Chic. Santa Fe A Cal., 1st mort., gold, guar..c\tr
Chicago A St. Louis—1st mortg. ($10,000 p. iu.).
Income
Southern Kansas—K.C. Law. A So., 1st mortgage
So. Kan. & West—1st,(s.f.$31,037y’rlydr.at 110)
Sumner Co. RR.—1st mort. (s. f. $9,900 yearly)
Ottawa A Burlington RR.—1st mortg
Kan.(Gulf Divis.)—1st. g’ld.guar.by A. T.AS.F.
Income bonds (not cumulative) $4,000 per mile)
Southern Kansas in Texas, 1st mort., gold, guar..
Atlanta& Charlotte— Stock(5p.c.rent’l Rich.A Dau.)
New pref. mort
fl
(not cumulative)
.r
Atlanta <£ West Point—Stoch
Debenture certificates
Atlantic t£ Danville— 1st mort. gold, $16,000 p.m.c*
Atlantic <£ Pac. -1st M. guarant’d, g. (red. at 105)..c*
2d mortgage ($10,000 per mile)
Incomebds., non-cum’tive, W. D. ($18,750 p.m.)c*
1st RR- A land gr. bonds on Cent. A Mo. Div — c1
1st land grant bonds on Central Div.. cum
c*
Income bds.fCent. Div.,non-cum. ($18,750 p. m.)c*
paid September, 1887, and
92
93
73
45
79
46
372
262
210
....
450
450
....
150
185
139
18
42
350
269
265*3
265 *s
....
*87
....
55
927
....
640
....
112
112
1879
1879
1877
1884
1882
1879
1880
1886
18S6
1886
1886
1887
1885
1879
1880
1880
1881
1886
1886
1886
6,379.000
15,350,000
1,000
1,500,000
2,940,000
1,659,000
500 Ac.
1,000
1,000
203.000
7 g.
7 g.
7 g6
6
4 g.
7 g.
7 g.
6 g.
G
5 g6
5 g.
6
6
7
7
6
5 g.
1.000
100 Ac.
100 Ac.
100 Ac.
100
500,000
4,336,000
1,480,000
1,583,000
6
5 g.
1,700,000
2Hj
1,000
1,000
500,000
4,250.000
750,000
1,232,200
7
7
500
100
....
Ill., about 160 miles, and then
2,081,000
3,505,000
12,753,000
l,000Ac
1,232,200
....
1,000
1,000
923.000
17,604,000
(b
12,000,000
....
50 Ac.
500 Ac.
500 Ac.
1.000
over
Chi¬
which there is a prior mortg. of $1,500,000, for which bonds of this issue
held toretiie them at maturity. Trustee of moitgage is Boston Safe
are
Deposit A Trust Co. of Boston. See V. 44, p. 148.
The Southern Kansas Gulf Division and the Southern Kansas in
Texas first mortgage bonds were issued as per circulars in V'. 42,
p. 462, V. 43, p. 431.
The bonds are guaranteed, principal and
interest, by the Atchison Topeka A Santa Fe. The Gulf Division bonds
cover the
road from Arkansas City south through Indian Teriitory
towards Denison, and also the branch from Kiowa on the Kansas
border southerly to Wolf Creek and the Texas border (in the Panhandle).
The Southern Kansas Railroad iu Texas was organized to build that part
of the line in Texas, and on both lines the bonds are at $16,000 per mile,
guaranteed by Atchison. The income bonds issued by the So. Kansas
Gulf Division are at the rate of $4,000 per mile and not issued till these
two divisions are completed.
Land Gkant.—The lands are practically sold out. No sales in 1837.
Set receipts from deferred payments in 1887, applicable to land bonds,
and interest. Dec. 31,
1887,$814,123.
Finances,
500,000
1,330,000
4,425.000
4.050.000
100 Ac.
100 Ac.
miles. Its bonds, ($35,000 per mile) are
guaranteed by the Atchison, and are a first lien on all but 90 miles, on
Operations,
761,000
1,000
1,000
1877
1377
1880
1881
1887
1887
18.88
1880
1871
1871
1882
Cent.
713,000
775,000
1,000
1,000
1.000
....
Rate per
$798,000 I
....
guaranteed by the latter company, and these, with the income bonds at
$7,000 per mile, wore issued as per the circulars in V. 43, p. 59 , V. 44,
p. 245. The roads covered by these bonds are about 903 miles of branch
lines in Kansas constructed in ’86 and ’87. Report of ’87, V. 46, p.608.
The Chicago Santa Fe A California Railroad is the company in Illinois
and Iowa forming the connecting line from Kansas City to Chicago,
about 450 miles—Kansas City to Fort Madison, la., on Miss. River,
Unpaid land contracts, principal
Outstanding
1,000
1,000
1,000
the second March, 1888. Sinking fund of
about 200 miles, then to Pekin,
cago A St. Louis (purchased) 90
Amount
$1,000
....
any error
Ac.—From Jan. 1 to Mar. 31 in 1888 (3
nm),gross earnings were $3,37 ',*41 on 3,011 miles, against $1,311,683 on 2,446 miles in 1887: net, $ <60,563, against $2.04;:>,3i9.
The report for 1887 was iu the Chronicle, V. 46, pp. 607 and 610.
Earnings ami operations and income account were as follows, these
statistics embracing the Atchison Topeka A Santa Fe and Southern
Kansas systems combined, but nothing of the Sonora, Atlantic A Pacirto,
1,189,905
796,629
1.^23,000
6
3
6
j
DIVIDENDS.
Bonds—Princi
i pal,When Due.
When Where Payable, and by I Stocks—Last
1
Whom.
A. A 0.
A. A O.
A. A O.
J. A J.
J. A J.
J. A J.
A. A O.
J. A J.
J. A J.
M. A S.
J. A D.
Boston, North Nat. Bk.
do
do
Boston, Nat. B. No. Am.
do
do
do
do
A
A
A
A
M. A
A. A
M. A
Mav
M. A
M. A
A. A
J. A
A. A
J. A
J. A
J.
S.
O.
J.
S.
O.
S.
1
S.
8.
O.
J.
0.
J.
J.
0.
J.
A
J.
A
6
6
A. A O.
M. A N.
At Mat.
J. A D
Dividend.
Oct.
Oct.
1, 1909
1, 1909
Aug. 1, 1907
Jan. 1, 1914
July 1, 1916
July 1, 1912
April 1, 1909
Jan. 1, 1910
Boston, Am.L’nATr.Co.
Boston, Everett Nat.Bk.
Boston, Nat.Revere Bk.
Bos., Mav. Nat. Bank. Jan 1, 1926
2d coup, paid Mar., ’88. March 1, 1926
Boston, Boston Nat.Bk. June 1. 1926
May 1
J
M.
A.
J.
A.
6
%
—
Pay’ble
6 g.
4 g.
6
"*
'
discovered in these Tables.
INTEREST OR
Date Size, or
of
of
par
Road. Bonds Value.
325,000 per year retires the first mortgage bonds at 112.
vThe Wichita A Western, Wichita to Collison, Kan., 100 miles, is owned
jointly with the St. Louis A San Frau., but bonds are not guaranteed.
The. Kingman Pratt A West. RR. bonds are guaranteed by the W. A
W, the road is an extension from Kingman towards Dodge City.
The Leav. Top. A So. RR. bonds at 4 per cent are guaranteed one-half
bvtheA. T. AS. Fe, and one-half by the Union Pacific.
‘The Chicago Kansas. A Western stock ($10,000 per mile) is held by the
A. T. A S. Fe, and the first mortgage bonds, at $14,000 per mile, are
$499,640.
15
—
Miles
(Con.)—C.S.AFt.Sm.,lst,$8,000 p.m.g.,gu.
$7,000 p.m., gd., guar.
($10,000 p. m.)
Incmue'bonds
BONDS.
—
Marion A McPherson, 1st,
Flor. El Dor. & W., 1st, g.
Kingman
AND
confer a great favor by giving immediate notice of
DESCRIPTION.
cat
K J
STOCKS
N.
Y., Boston A London.
N.Y., Farm’s L. A T. Co.
Boston, Union Nat. Bk.
do
do
do
do
do
do
Boston, Boston Nat.Bk.
Boston, Boston Nat.Bk.
N.Y. Central Trust Co.
do
do
do
do
do
do
Juno
Jan.
Mar.
Apr.
Jan.
1,
1,
1,
1,
1,
1915
1909
1910
Sept. 1, 1910
April 1. 1909
Sept. 1, 1926
July 1, 1927
Mar. 1, 1927
Mar. 6, 1888
April 1,
Jan. 1,
April 1,
Atlanta, Ga., atTreas’y. Jan. 10,
do
do
1897
1907
1900
1888
July, 1891
N.Y.,Green A Bateman.
N. Y., Mereau’ Trust Co.
Boston.
N.Y.,St. L. A S.F.RR.Of.
do
1926
1937
do
Boston.
Oct. 1,
Jan. 1,
1917
1937
Oct.
Nov.
1, 1910
1, 1891
Nov., 1901
June 1,
1922
1885.
1886.
1387,
Sinking funds
$299,525
$311,340
$303,955
46,093
25,000
73,227
Miscellaneous
257,377
$7,110,186
$7,459,356
$739,317
$8,592,233
$411,266
Paid to other roads..
Total disbursements
.
Balance, surplus t
$504,185
*
Includes net land receipts Southern Kansas Railway Co., sundry
profits, and balance ol general iuterest account.
t This surplus does not include the net profits of the Atcli. land depart¬
ment, which were in 1884 $829,101; in 1885, $1,303,847; in 1886,
1,126,752; in 1887, $310,886.
-(V. 44, p. 21, 59, 60, 143, 245, 362, 400, 466, 551, 564, 583,585,
586, 627; V. 45, p. 52, 142, ISO, 271, 340, 400, 472, 564, 612. 819; V.
46, p. 102. 133, 319, 353, 381, 385, 386, 448, 573, 595, 607, 608, 610.)
Atlanta Sc Charlotte Air Line.—Owns from Charlotte, N. C., to
Atlanta, Ga., 269 miles. The Richmond A Atlanta Air-Line was sold
under foreclosure Dec. 5, 1876, and the existing corporation was formed
Feb. 27, 1877. On March 26, 1881, tne road was leased to the Rich. A
Dan v. for 99 years at a rental of $162,000 per year, equal to the interest
on debt and 5 per cent on stock;
if gross earnings of A. A C. A. L.
exceed $1,500,000, dividends to be 6 per cent; and if they exceed
$2,500,000, 7 per cent. In 1886-7 gross earnings $1,202,598.
Atlauta Sc West Point.—Owns from East Point, Ga., to West
Point, Ga., 80 miles; leased. 6^ miles; total operated, 36 ^ miles. In
April, 1881, a controlling interest iu the stock was purchased for the
Central Georgia, and a stock dividend of 100 per cent was afterward
declared in debenture certificates. Gross earn’s in 1886-87, $394,640; net,
$160,586; surplus over dividends and interest, $12,721; in 1885-86,
gross, $397,259; net, $138,001.
(V. 45, p. 142.)
Atlantic Sc Danville.—In progress from Noifolk to Danville, Va.,
there to connect with the Richmond & Danville.
In operation—Clare¬
mont to Belfielfi, Va.. 55 miles, and Norfolk to near Franklin, 32 miles.
Tfie towns subscribed to capital stock
Stock authorized is $2,500,000 ;
outstanding, $800,500;
par, $50.
Atlantic Sc Pacific.—This corporation was chartered by Act of Con¬
gress July 27, 1866. The Western division is from Isleta, near Albuquer¬
que, on At Top. A Santa Fe, to Big Colorado River, 560 miles, with
Gallup Junction branch, 4 miles. At Big Colorado River it meets the
line to Mojave. Cal. (242 miles), leased by this Co. in 1884 from the
Southern Pacific of Cal. The Cal. Southern gives a through route to
Sail Diego on the Pacific coast. It leases also A. A P. Junction to
Albuquerque N. M., 13 miles; total operated, 819 m. Also the Central
Division is finished from Seneca, Mo., to Sapulpa in the Indian Ter¬
or roads" owned jointly, although the
interest on Sonora bonds is ritory. 112 miles, and operated by the St. Louis A San Francisco Rail¬
deducted here:
way Co.
OPERATIONS AND FISCAL RESULTS.
The 1st mortg. bonds due in 1937 are guaranteed severally d>ut not
1^85.
1886.
1387.
jointly) by the two companies, each company guaranteeing one-half of
2,397
each bond. These 4 per cents are redeemable at any time at 105.
2,526
3,016
Milesoper. At. T.AS.Fe- -S. Kan
Iu
1888 the 2d mortg. bonds were authorized for $10,000 per mile to re¬
Operations—
1,787,015
2,139,623 pay advances to the Atchison and San Francisco companies ami
Passengers carried, No
1,349.577
Passengers carried one mile
149,999,427 176,810,489 217,909.566 for other purposes.
Stock authorized is $100,000,000, and issued
2*277 ets.
Rate per passenger per mile
2*357 ets. $74,810,300 (par $100), of which $51,302,600 is owned by the At.
2*593 ets.
T. A S. F. and the St. Louis A S. F. companies equally, and deposited,
2.933,364
Freight (tons) carried.
2,602,056
3,839,578
Freight (tons) carried one mile.607,753,550 687,399,093 909,167,842 in trust tor thirty years. The stock is classed thus: Western Div., com.
Rate per ton per mile
1*615 ets.
1*3 47 cts. stock, $54,750,000; Cent, and Mo. divs., com. stock, $8,665,300; pref.,
1*789 cts.
Earnimis—
$
$
$
$11,395,090. The old pref. stock has uo preference over the A. A P.
4,026.004
Passenger
3,889,411
5,136,652 Western Division stock.
11,100,967
The Southern Pacific sold the 242 miles of road from Mojave toTlio
Freight
10,873,621
12,249,343
Mail express, Ac
857,336
1,076,371 Needles, on the Colorado River, to the A. A P. Company for $7,271.808,363
100, payable in A. A P. 1st mortgage bonds, issued on said 242 miles,
15,571,395
15,984,307
18,461,366 to amount of $6,059,250 and $1,211,850 in cash. Until clear title
to this piece of roid is given, the A. A P. takes possession and pays
Operate))</ expoises—
Maintenance of way, Ac
2,280,291
2,186,767
2,379,820 6 per cent per annum on the $7,271,000. The same negotiation gave
Maintenance of equipment....
1,409,732
1,395,719
1,618,152 aright by contract to run through trains to San Francisco over the
3,777,357
4,128,340
Transportation expenses
5,370,163 Southern and Central Pacific lines on payment of rental either on a
388,393
4s* 9,155 mileage basis or at 3 per cent per annum on $40,000 per mile. See V. 39,
Miscellaneous
410,129
Taxes
459.194
492,956
551,165 p. 208; V. 40, p. 50.
The land grant claimed under the old A. A P. charter of July, ’66, is
Total operating expenses ‘8,314,967
8,613,911
10,408,455 25,600 acres per mile in Territories and 12,800 acres in States.
On
Net earnings
7,256.428
7,370,396
8,052,911 the West. Div. upards of 18,000,000 acres in New Mexico and Arizona
P. ct. of op. expenses to earns..
53*40
53*89
56*38 have been earned by construction, and in the Indian Territory 2,600,000
into: HE ACCOUNT.
acres more, the best of these lands being well adapted for grazing,
The
1885..
1886.
1887.
Receipts—
proceeds of sales of the company’s lands have so far been applied to pay¬
Net earnings
$7,256,428
$7,370,396 $3,052,911 ment of interest on A. A P. bonds or the lands liave been pledtred and
Rentals
23.012
33,735
29,953 conveyed iu trust to the Atchison and San Francisco companies, and
Other receipts'1
149,743
623,859
751,153 nearly 6,000.000 acres have been so disposed of. For statement as to
From laud grant trusts
170,633
180,188
169,487 land sales, Ac., up to Jan. 1,1887, see Chronicle, V. 44, p. 751. A
36, p. 468.
Total income
$7,614,371
$8^198,673 $9,003,504 map of the land grant was published iu the Chronicle, V.operating ex¬
Gross earnings in 1886 were $1,624,649; deficit under
Disbursoncnts—
Rentals paid
$25,500
$20,400
•....
$15,300 penses, $41,364; received from A. T. A 8. F. RR. Co. and 8t. L. A S. F.
Int. on At.T.AS. F.andSo. K.bds
(V. 44, p. 21, 22, 148, 544, 751; V. 45,
1,930,664
2,004,679
2,200,406 R’v Co., to be repaid, $295,000.
Interest paid as rental
854,930
829,499
859.888 p. 340, 363, 612; V. 46, p. 288, 609.),
180.188
Interest on land bonds
Atlantic A: St. Lawrence.—Owns from Portland, Me., to Island
170,633
169,487
Interest on Sonora bonds
283,500
283,500
283, r 00 Pond, Vt. (and branch), 151 miles, there connecting with Grand Trunk
2nt. on Leav. To A So. VV. bonds.
27.tOO
27.600 of Canada, to which leased for 999 years, August 5, 1853, at a rental
Dividends
3,414,786
3,738.478
4,474.725 equal to bond interest and 6 percent on stock. There were Sept. 30,
Sate of dividend
(6)
(6)
1887, $303,COO bonds to city of Portland, provided for by accumula(6**2)
‘
INVESTOR’
SUPLEMNT.
Teluuna
^-v,,
'
\Clo'vorcl;ile
\x
RAILOD
STOCKS
YV
AND
BONDS
MAI* OF THE
ATCHISON, TOPEKA
AND
SANTA EE R. R.
WESTERN
Fernando
SECTION,
UBM
18
INVESTORS’
Subscribers will confer
a
explanation of column headings, Ac.,
on first page of tables.
see notes
Miles
of
Date
Size, or
of
Par
Road. Bonds Value.
Atlantic dk St. Lawrence.—Stock, 6% rental G’d Tr’k
151
Augusta cfi Savannah,—Stock, 7% rental Cent. Ga.
53
Bald Eagle Valleg—Gen’l mort..(s.f.$4,000 per yr.t.r
80
Baltimore <£ Ohio—Stock
1,756
Preferred stock
Loan due in 1880, extended
Loan, 1853, extended in 1885
'
do
1870,sink, fund £16,000 yearly
Baltimore loan, 1855-’90, sink, fund
,
Sterling mort, sink, fund,£12,000 semi-annually 4li
421
Sterling mort., sink’fund, £9,000 semi-annually
Purchase of Connellsv. RR (payable $40,000 y’ly)
Loan,8ter.,(s.f.£7,500)(B.O. ACh.bds collat’l)
collateral)....
yearly)
263
104
c
Sterling mortgage on Philadelphia Branch
Bonds, gold (Pittsb. A Connellsville b’ds collat’l).
Mort. on Schuylkill R. East Side RR., gold (guar.)
Consolidated mortgage (for $29,600,000), gold.c*
Baltimore <£• Potomac—1st M (tunnel) g., s. f. 1 p.c. .c*
1st mort., road, gold, s. f. I per cent
c*
2d mortgage, income, road and tunnel
r
Beech Creek—Stock ($1,300,000 is pref.)
1st mortgage, gold
c
Car trust lean, drawn at 100
Belleville & El Dorado— lst(int.guar.St.L.A.AT.H c)
2d mortgage
Belleville & South. III.—1st M. (int. A s. f. guar.)...e*
Bells Oap.— Stock
1st mortgage
c*
Extension 1st mortgage
". .c*
Consol, mort. (for $550,000) sinking fund
c*l
150
1%
90
92
130
129
52
52
56
....
$5,484,000
1,032,200
368,000
100
100
14,792,566
5,000,000
•
1870
1855
1872
1874
1875
1877
1879
1878
1887
1883
1885
1886
1887
1871
1871
1875
•
•
•
Has
no
•
....
....
185-76
1,710,000
1,669,538
2,575,000
6,872,012
8,072,096
520,000
7,744,000
3,000,000
£100
£200
....
£200
1,000
.
.
.
366,000
r
.
1,000
2,250,000
11,616,000
10,000,000
4,500,000
7,500,000
1,500,000
3,000,000
£200
1,000
1,000
1,000
1,000
1,000
1,000
2,000,000
50
•
•
•
....
1886
1387
1880
L880
1866
.
1873
1875
1883
5,000,000
5,000,000
1,000
250 Ac.
....
....
1,000
1,000
500 Ac.
bonded debt.
262,500
220,000
330,000
1,030,000
550,000
50
500
sinking fund. The Grand Trunk RR. holds the 2d and 3d
mortgage bonds, $2,213,000, overdue. The stock of $5,484,000 is
mostly £, with dividends paj able in London. In year ending Sept. 30,
1887, gross earnings were $1,076,682; net, $257,395.
AugUMta Sc Savannah.—owns from Milieu to Augusta, Ga., 53
miles. Leased in perpetuity to Central of
Georgia for $73,000 per
Bald
578,000
-
1853
tions of
annum
Outstanding
1,000
1880
25
.
INTEREST OR DIVIDENDS.
Amount
$100
100
.
Bonds (Parkersburg Branch bonds
Bonds to State of Maryland
Car trust loan gold ($250,000 paid
[Vol XLVI.
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
SUPPLEMENT
250,000
100,000
189,000
Rate per
When
Cent.
Payable
3
M. A S.
J. A D.
J. A J.
M. A N.
J. A J.
4
J. A J.
4
A. A 0.
6 g. M. A S.
6
J. A J.
6 g. M. A S.
6 g. M. A N.
6
J. A J.
5 g. J. A D.
6
A. A O.
6
J. A J.
4*2 g. J. A J.
4^ g. A. A O.
5. g. F. A A.
5 g. J. A D.
5 g. F. A A.
6 g. J. A J,
6 g- A. A O.
6
J. A J.
2*2 on pf J. A J
4 o*
(r
^
J. A J.
5
M. A 8.
7
J. A J.
6
F. A A.
8
A. A O.
5
Dec.
7
J. A J.
6
F. A A.
6
A. A 0.
6
4
3
Through merchandise—
Pa., 51 miles; branch, Milesburg, Pa., to Bellefoute, Pa., 2^2 miles;
Snowslioe to Sugar Camp, 26^ miles; total operated. 80 miles.
Opened
December 7, 1864, and leased to Pennsylvania Railroad
Company for 99
years.
The branch is the property of the lessors. Rental, 40 per cent
of gross earnings. Sinking fund draws
$4,000 bonds at par April 1 each
year. Gross earnings in 1887, $496,037; net, $270,524; rental, $197,297;
surplus over charges and 10 p. c. div., $81,202. Stock is $935,000 (par
$50), of which Peiiu. RR owns $468,350. In 1886 and 1887 paid 10 p. ct.
Baltimore Sc Ohio—(See Map).—Line of Road—The B.A O. system
embraces roads in Md., Va., Penn.,
Ohio, Tnu. and Ill., which are clearly
shown on the accompanying
map. By means of the Cincinnati Washing¬
ton A Balt, via
Parkersburg, the road has a direct route to Cincinnati.
The B. AO. mileage is: Main stem, Baltimore to
Wheeling, 379 miles;
Washington Branch, Relay to Washington. 31 miles; Parkersburg branch,
Grafton to Parkersburg, 104 miles;
Harpers Ferry to Harrisonburg, 102
miles; other branches. 141 miles; total, 757 miles; Central Ohio division,
Bellaire to Columbus, 137 miles; Lake Erie
division, Newark to
116 miles; Chicago division, Chicago
Junction to
Sandusky,
Chicago, 271 miles;
Pittsburg division, Cumberland to Pittsburg, 150 miles, and branches,
94 miles, total, 244 miles; Wheeling &
Pittsburg division, Gleuwood to
Wheeling, 66 miles; Straitsville division, Newark to Shawnee, 43 miles;
Philadelphia Division, Canton to P. A R. junction and branches, 122
miles; total operated, 1,756 miles. The Baltimore A Ohio
Philadelpnia
branch, connecting with the Balt. A Philadelphia RR., makes a line
from Balt, to Phila., and thence via the
Schuylkill Valley A East Side
RR. to a connection with the Phila. A Read, lines
to Bound Brook,
N. J. Thence the proposed route to Staten Island.
Organization, Leases, Ac.—The corporation was chartered in Mary¬
land Feb. 28. 1827, and in Virginia March
8,1827. First section opened
May 24, 1830. The company was assisted by loans from the City of
Baltimore.
Bonds—Prmc-ipal.When Due.
Stocks—Last
Dividend.
London and Portland.
Savannah.
3^
March, 1888
Dec., 1887
Phila.,F.Ins.Tr. AS. Dep.
Jan.
Baltimore, Office.
do
do
do
1,
1910
May 1, 1887
do
do
Jan., 1888
At will.
Oct. 1, 1936
Mar. 1, 1895
1890
Mch. 1, 1902
do
Lond’n.BaringBros ACo
Baltimore, Office.
Lond., Baring Bros. ACo.
London, J.S.MorganACo
May, j 910
Baltimore. Office.
1888-1900
London, J.S.MorganACo June 1, 1927
Balt. A N. Y., D. M A Co.
April 1, 1919
Baltimore, Office.
July 1, 1888
Balt., Mere. Trust Co. 10 p. c. yearly
London, Brown,S. ACo. April 1, 1933
New' York Agency.
Feb. 1,' 1925
Fhila., Solicitors’ Co.
Dec. 1, 1925
New York Agency.
London or Baltimore.
Feb. 1,
Baltimore, Ollice.
do
„
1988
July 1, 19li
April 1, 1911
do
Jan. 1, -1915
N.Y., Gr’nd Cent. Depot Jan. 16, 1888
N.Y., Kuickerb’r Tr. Co. July 1, 1936
do
do
$37,500 p. an n.
N.Y.St.L.A.AT.H.RR. July, 1,~1910
do
do
Aug.' 1,
do
do
Oct. 1,
Phila.. 105 S. 4th street. Dec.
31,
do
do
July 1,
do
do
Aug. 1,
1884-85.
1887
1893
1905
April 1, 1913
Phil.Guar.F.AS.Dep.Co.
1883-84.
1920
1896
1885-86.
1886-87.
East aud West
tons.
2,275,252 2,338,147 2,731,119 3,537,207
The gross aud net earnings of the main stem and its
branches and of the
other divisious for the last fiscal year, as compared with
/—Earnings,
Gross.
Main stem, etc
Eagle Valley.—Owns from Vail Station, Pa., to Lockhaven,
Where Payable, aud by
Whom.
Washington Branch...
Parkersburg Kfunnii
Branch...
Central Ohio Division.
Lake Erie Division..
..
Chicago Division
Pittsburg Division
Wheeling and Pitt. Div.
Philadelphia Division.
New’k Somerset A St’le
Totals
1885-36.
were:
1885-86.—^,—Earnings,T886-87.—X
Net.
Gross.
Net.
$9,846,613 $4,026,366 $11,201,348 $4,343,343
325,320
663,044
1,270,476
1,013,014
2,098,563
2,430,085
446,259
114,767
214,291
234,506
161,347
478.52 i
309.711
269,916
380,400
676,830
1,283,526
1,080,463
842,421
13,430
2,599,074 1,004,264
465.610 def 18.930
718,741 def. 76,220
183,010
2,575
15,246
35,208
2,070,033
291.561
88,957
530,364
291,868
81,122
$18,422,437 $6,386,694 $20,659,035
$6,533,904
Iu 1886-87 the net balance over all charges was
$36,258.
Results on all lines in five years have been:
Years.
Gross Earnings.
Operating Expenses.
Net
1832-83
1883-84
1834-85
$19,739,837
19,436,607
16.616,642
13,422,437
$11,034,014=55-89 p. c.
11.676,307=6007 “
10,973,585=66 03 “
12,035,743=65-33 “
Earnings.
$8,705,823
7,760,300
5,643,057
6,386,695
6,538,904
20,659.035
14,120.16 L=68'34
—(V. 44, p. 89, 343, 400, 433 ; V. 45, p. 13, 52, 112, 178, 304,
509, 641, 664, 692, 703, 805, 819, 824, 855; V. 46, p. 102, 368,473,
319 344
413, 510, 649.)
Baltimore Sc Potomac.—Owns from Baltimore.
Md., to South
End Long Bridge, Va., 43 miles; aud from Bowie to
Pope’s Creek, 49
miles ; total, 92
miles—including tunnel iu City of Baltimore. The road
is controlled by the Pennsylvania Railroad Co., and
.first mortgagebouds
guaranteed by Pennsylvania and Northern Central.
Capital stock,
$3,553,250 (par $50), of which Penn. RR. owns $3,541,100. In 1886,
gross earnings, $1,345,878; net earnings, $513,016; interest
charge,
$283,762; surplus $228,885. In 1887, gross earnings, $1,447,332; net,
$538,955; surplus over charges, $25 S842. Income bonds wholly held
by Penn. RR. Co. From Jan. 1 to Mar. 31, 1888 (3 months), gross earn¬
ings were $357,167, against $338,210 iu 1887; net, $109,373, against
This company guarantees bonds of "the Staten Island
Rapid
Transit Co., with which company it has an agreement for terminals.
(See S. I. Rap. Tr.) The B. A O. Telegraph Co. stock o wned by the B. A O. $109,358.
Railroad Co. was sold out to Western Union for
$5,000,0 >0 Western
Beech Creek.—Jersey Shore. Pa.,'to Gazzam, 104 miles* branches
Union stock at par and a rental of $60,000
per year for fifty years. to Phillipsburg, to mines, Ac., 26 miles;
The B. A O. Express was sold in
total, 130 miles. This is siicSept., 1887, to the U. S. Express Co. i cessor to the Beech Creek Clearfield A S. W.
The B. A O. Railway Co. had a nominal
reorganized in 1886. The
surplus to credit of income
j car trusts are not in form of obligations of the company. In 1887 gross
account Sept. 30, 1887, of
$48,083,720.
learnings were $786,823; not, $373,193; surplus, over fixed
Stocks and Bonds—The pref. stock carries 6
charges,
per cent dividends only. $130,847; dividend (5 per cent) on
The common stock has paid—in 1877, 8
pref. stock, $05.0.0.
Will. A.
per cent; in 1878, 8 in stock; in
Wallace. Clearfield, Pa., Pres.
(V. 44, p. 362, 459; V. 45, p. 13, 203; V.
1879, 4 stock and 4 cash; 1880, 9; in 1881, 1882, 1883, 1884 and 1885,
10; in 1886. 8; in 1887,4. Range in prices of common stock in Baltimore 46, p. 573.)
.in 1881 was 1830210; in ’82,
Belleville Se El Dorado.—An extension of Bellev. A So.
1900202; i-n ’83, 192^0205; in ’84, 167
Ill., from
®199; in ’85, 166ig®185; in ’86,1500191; in ’87, 1040180; in ’88, to Du Quoin to El Dorado, 52 miles, and leased, 1887, for 985 years to St. L.
Alt. a T. H. Rental 30 per cent of gross
May 18, inclusive, 80 0106 Lj.
earnings up to $2,500 per mile,
The Baltimore
and 15 per cent on all above that amount.
A
Ohio direct bonds of
Rental received for 1884,
1879 on
Parkersburg
Branch are secured by deposit of
$L5,171; for 1885, $15,463; for 1886, $15,707; for 1887, $15,400.
mortgage on that road. The 'sterling
mortgage of 1883 is made to William F. Burns, John Gregg and T. Har¬ Stock, $1,000,000 ; par $100.
rison Garrett, trustees, aud secured also
Belleville Sc Southern Illinois.—Owns from
by pledge of £1,000,000 1st
Belleyille, Ill., to
mort. bouds of the Balt. A Phila, RR.
(Md. State line to Phila.)
The Duquoin, Ill., 56 miles. Leased for 9o9 years to the St. Louis Alton A
bonds of 1877, due 1927, are secured
by the mortgage bonds of the B. Terre Haute Railroad Co. Lease rental 40 per cent of gross earnings
O. A Chic, roads deposited as collateral. The B. A O. bonds
of 1885 are
up to $7,000 per mile (except on coal, Ac.), 30 per cent, above $7,000 and
secured by $10,00o,000 2d consol, bonds of
Pittsburg A Connellsville i up to $14,000 per mile, and 20 percent on any excess of $14,000 per mile.
RR-> deposited with Union Trust Co. of N. Y. as trustee. The bonds of Rental for 1884,
$158,799 ; for 1885, $157,917; for 1886, $166,108 ; for
the Schuylkill Val. A East Side RR. are
guaranteed by B. A O.; the 1887, $178,837. Interest on bonds, and sinking fund $5,000 per year,
Pennsylvania Co. for Insurance on Lives, Ac., is the trustee.
guaranteed by lessees. Bonds cannot be drawn for sinking fund. ComOf the consolidated mort. for
$29,600,000 (MercantileTrust A Deposit .men stock. $430,000; pref. 8 per cent stock, $1,275,000, non-eumulaCo., Trustee), covering the whole property of the Co., $21,423,000 bonds five; par $100. Dividends on
preferred stock past seven years have
are reserved to retire bonds
of six; prior mortgages, and $8,177,000
may beeu 63| In 1887; 5 in 1836; 5 iu 1335 ; 5*2 in 1884; 61* iu 1883; 5*2
be substituted for bonds in the
iu 1332; 4^j in 1831.
sinking funds. V. 45. p. 368.
Operations, Finances, Ac.—After having paid dividends for
many
Bells Gap.—Owns Bellwood, Pa., to
years the company passed the Nov., 1887, and
subsequent dividends on leases for 99 years Clearfield A Jefferson Irvona, Pa., 26 miles, and
RR., Irvona to Punxutawcouuuon_ stock. The syndicate |transaction in September, 1887, by
ney, Pa., 37 miles; total, 63 miles.
which $5,000,000 of consolidated 5
Gross earnings in 1886-7, $180,495 ;
per cent bouds aud $5,000,060 of
net, $82,460; interest paid, $32,407; dividends, $27,500; surplus,
preferred stock were proposed to
$22,
pay off floating debt, was reported 553. Gross
In the Chronicle, V.
earnings iu 1385-86, $160,252; net, $78,230. Of the consol,
45, p. 3<)4, 368. and the financial statement at
mortgage $350,000 is reserved to retire prior issues. Chas. F. Berlength was oil p. 824. But in Jan., 1888, the company declined
to vote wind, Pres., Philadelpliia.
for the issue of the pref. stock.
From Oct. 1, 1887, to
Belvidere Delaware.—Owns from Trenton, N. J., to Mauunka
April 30 1888 (7 months), gross earnings on all
Unes were $1 1,475,226. against
$11,602,327 in 1886-7; net earnings, Chunk, ,N. J., 67 miles; Millham Cut-off, 1 mile, Flemington RR., 12
$3,026,592, against$3,415,787.
miles; total operated, 80 miles. Leased to United Companies, and trans¬
Fiscal year ends Sept. 30. The annual
ferred to Pennsylvania RR. March 7, 1376, by which operated as their
report for the fiscal year end¬
Belvidere Division, and net earnings paid over as rental. Penn. RR. owns
ing Sept. 30.1887, was iu the Chronicle, V. 45, p. 701.
The general trallie iu four years
past is shown bv the following table’; I most of the 7 per cent consol, bouds. In Feb., 1835, the Flemington RR.
1883-84.
1834-85.
‘1835-36. - 1386-37. ! Co. was merged in this. The 1st mort. and new 4 p.c. bonds are guarauCoal and coke carried...
6,392,677 6,400,746 7,430,367 7,873,608 | teed by the United Co’s. All mortgages except 1st have sinking fund of
Harried to Baltimore—
1 per cent, if earned; no bonds drawn. Iu 1887 net
earnings were $336,Flour.
bills.
717,258
766,163
752,150 1,274,542 509; surplus over charges, $121,221; dividends (6 per cent;, $69,000.
Wheat
In 1886, net, $454,252; int.,$263,341. Dividends of 6
bush. 6,415,550 3,200.025 3,437,159
per cent are paid,
6,600.027
Corn
bush. 3.472,940 8,383,359 9.474.275 5,223.770 j Capital stock, $1,150,000; par of shares, $50.—(V. 43, p.578.)
Total grain
bush 11,553,052 13,048,253 13,718,423
Bennington
Rutland.—Owns from Rutland to Bennington,
12,977,035 i
Live stoek
tons,
82,137
67,890
.Lumber
tons,
107,393
86,560
70,220
92,831
43,220 | Vt., 57 miles; branch. No. Bennington to New York State Line, 2 miles ;
1
Chartered as West. Vermont in 1845, aud consolidated
76,103 total, 59 miles.
■•a....
[Vol. XLVI.
.
Subscribers will confer a great favor
DESCRIPTION.
For
supplement.
mvESTOKS’
20
Miles
explanation of column headings, &c., see notes
on first page of tables.
Belvidere Del.—lstmort. due 1877, ext’d, guar— C
Cons. mort. of 1876, siuking fund, not drawn..'
Consol, mort., guar, by Un. Co’s & Pa. RR., s. f.. r
Flemington RR. M. bds., e. f., 1 p.ct. not drawn.. c
Bennington <& Rutland—1st mortgage
Berkshire—Stock (7 p. c. perpet. rental Housatonic).
Boston dk Albany—Stock..
c&r
Plain bonds
.c&r
Loan of 1875
r
Bonds issued to State for its stock
Boston Concord <& Montreal—Old pref. stock, guar.
183-7465.
by giving immediate notice of any error discovered in tbese Tables.
1877
m
m
m
m
m
1882
....
Improvement mortgage bonds
Boston <6 Lowell—Stock
..
Bonds
Bonds
Boston &. Maine gives
Bonds
a rental guarantees
Bonds
for 99 years.
Lowell & Lawr., bonds
Salem & Lowell, bonds
Nash. & Low., pl’n bds.
do
do
1
Boston <& Maine—Stock...
Bonds
Improvement bonds, sinking fund
Boston&N. Y. Air-Line—tit’k, pref.(gu.N.Y.N.H.&H.)
Jt
c
1st mortgage
Boston <t Frov.—Stock, 10 p. c. guar. 99 yrs.. Old Col
Bonds to purchase branches, coupon or registered
_
.
__
1858
166
166
632
1873
1881
1,000
1,000
-
'
....
100
100
100 &c.
200 Sco.
•••
.
,
m
m
m
m
54
50
68
....
....
....
1880
....
1873
1,000
100
2,933,500
,1,000
500,000
100
4,000,000
500.000
....
10,1877, the Vermont division
above) operated by tlie reorganized Bennington & Rutland. Stock,
$1,000,000 authorized (par $50), and .$502,000 issued. Gross earnings
in 1887 were $244,874; net, $69,291; surplus over interest;, $36,041.
Berkshire.—Owns from Connecticut State Line to West Stock,
bridge. Mass., 22 miles. Leased in perpetuity to Housatonic Railroad
Company at 7 per ct. on capital stock, $600,000. Lessors pay taxes, &c.,
and for this reason the quarterly dividend due in Oct. is usually omitted.
Albany.—Owns from Boston, Mass., to Albany, N. Y.j
202 miles; numerous branches, 102 miles; leased lines, 86 miles ; tota1
-operated 390 miles. The Boston & Albany was formed (Dec., 1867)
by the consolidation of the Boston & Worcester and the Western rail¬
roads. The five per cent bonds of 1882 were issued to the State of
Massachusetts in exchange for 24,115 shares of B. & A. stock held by
the State, and in September, 1883, out of this stock a stock dividend of
10 per cent was made to stockholders. In 1886 another 313 per cent of
«tock was given to stockholders.
From October 1, 1887, to March 31, 1888, (6 mos.) gross earnings
were *4,263,469, against $4,184,294 n 1886-7; net. $1,213,590, against
$1,261,998; surplus over fixed charges, $293,375, against $415,138.
Fiscal year ends Sept. 30; report for 1887 was in V. 45, p. 611.
Passenger Freight (ton)
Gross
Net
Div
Years. Miles.
Mileage.
Mileage.
Receipts.
Receipts.* ,p. ct384 167.402,441 374,347,455 $8,148,713 $2,362,836
8
384 167,097,784 398,862,058
7,637,982 2,344,305
8
384 177,787,439 390,464,378
8,298,733
8
2.488,345
390 191,843,184 406,030,750
8,925,744
8
2,552,108
Net receipts include income from rents, &c.
-(V. 44, p. 212, 586; V. 45, p. 180, 572, 611, 614,705; V. 46, p.
201, 610.>
Boston Concord Sc Montreal. —Owns from Concord, N. H., to
Woodsville, N. H., 93 miles; branches—Woodsville, N. H., to Groveton
Junction, 53 miles; Wing Road to Mt. Washington, 20 miles; leased
Plymouth to No. Woodstock, 21 miles; total operated, 186 miles.
In June, 1884, leased for 99 years to Boston & Lowell. Rental is 25
per cent of gross receipts of the Northern, the Con. & Clare, and Boston
Con. & Mont. RRs, less $200,000 per year, with guarantee of interest
on bonds and 5 per cent on preferred stock. Of the sink, fund bonds due
in 1889, there are outstanding in the hands of other parties, $202,000, on
which interest is paid; the trustees holding $306,000 and the corporation
bolding $116,000 on which no int. is paid. Fiscal year ends March 31.
—(V. 44, p. 525.)
Boston Sc Lowell.—Owns from Boston to Lowell, 27 m.; branches
Galem & Lowell, 17 miles; Lowell & Lawrence, 12 miles; others, 22
miles; Middlesex Central, 11 miles; leases—Nashua & Lowell, 15 miles ;
Stony Brook RR., 13 miles; Wilton RR., 15 miles; Peterborough Rail¬
road, 10 miles; Manchester & Keene RR., 29 miles; B. Con. & Mon.. 187
miles; Central Mass., 104 miles; Connecticut & Passumpsic, 14.7 miles;
total leaseo, 520 miles; total owned and leased, 619 miles; operates
*
Whitfield & Jefferson, 13 miles; total, 632 n iles.
In June, 1884, a lease of the North, of New Hamp. and the Bost. Con.
A Montreal railroads was made, and eontrol of those roads was then as¬
sumed.
In March, 1887, the Northern lease was held void, and the
company resumed possession.
In June, 1887, the Connecticut <fe Passumpsic Road was leased.
A
lease of the B. & L. and all its branches to the Boston & Maiuefor99
years was effected by vote of stockholders on June 21, 1887, and in Oct.
the lines passed to the Boston & Maine management. By the lease to
the B. & M. this road receives 7 per cent on stock till Tan., 1897, and 8
per cent thereafter.
Income was as follows in 1886-7 and 1885-6; no report was issued
for 1886-7:
1886-87.
1885-86.
Net earnings
$1,491,590
$1,273,741
Fixed charges
1,127,703
971,653
Balance
$163,887
$302,0s8
—(V. 44, p. 59,369, 458, 544, 751, 807; V. 45, p. 512, 538, 792; V. 46,
p. 37.
Boston Sc Maine.—Owns from Boston. Mass., to Portland, Me., 116
miles; branches, 8 miles; leases—Eastern RR., Boston to Now Hamp.
State line, 41 miles; Eastern N. H. RR., N. Hamp. State line to Maine
State line 16 miles; Port. 8. & Ports. RR., Maine State line to Portland,
51 miles; Ports. Gt. Falls & Conway, Con wav Junction to North Conwav, 73 miles; Worces. Nash. & Roch. RR., Worcester. Mass., to Roches¬
ter, N. H., 94 miles; numerous short branches of the foregoing, 210
miles; total operated Sept. 30, 1887, including Eastern, 609 miles. In
December, 1884, this company leased the Eastern Mass, on the basis
stated under title ot the “ Eastern” in this Supplement.
Tn June, 1887.
a lease of the Manchester & Lawrence road was made for 5 * years, anti
a lease of the Boston & Lowell for 99 years was also made, including tin;
lines controlled under lease by that company—tlie Boston Concord &
Montreal, the Connecticut Sc Passumpsic. Ac. 8 inking fund for improve¬
ment bonds amounted Sept. 30, 1887, to $111,461.
The fiscal year ends Sept. 30. Annual report in V. 45, p. 791.
The earnings and expenses below include the Eastern iu all the
7,000,000
3,500,000
2,000,000
as
years and the W. N. & R. in 1885-6 aud 1886-7:
200,000
100,000
100
500 &c.
F.
J.
A.
M.
&
&
&
&
Dividend.
Sept., 1925-27
Jan. 1, 1916
Nov. 1, 1897
J.
Sc J.
Mar.
Feb.
-
1888
1888
1892
1895
1902
1888
3*2
7
6
5
413
4
6
6
6
5
5
7
4
2
5
5
7
do
do
do
do
do
do
do
do
A. & O.
J.
F.
A.
F.
M.
J.
0.
A.
&
&
&
&
&
&
&
&
&
&
do
Jan. 1, 1911
Jan 2, 1888
1892 & 1895
Boston, at Office.
Various
J. & J.
J. & J.
M. & N.
Various
A.
F.
J.
M.
Jan. 1, 1889
Apr. 1, 1893
Boston, Office.
do
'
do
A. & O.
J. & J.
J. & J.
do
do
do
do
do
'
July 1, 1896
July 1, 1899
May 1, 1903
Oct.
Nashua, Co.’s Office.
do
do
J.
N.
Boston, at Office.
do
do
J.
do
do
A.
O. N.H., N.Y. N.H.& H. Co.
A. N.Y., Lincoln Nat. Bank
N.
Boston, at Office.
do
do
J.
584
$3,544,302
May 15,1888
Jan.,1893 &94
1905,’07 & ’37
Apr., 1, 1888
Aug. 1, 1905
May 2, 1888
July 1, 1893
1885-86.
492
Earnings—
Passenger
Freight
Mail, express, &c
1905-6-7
1, 1897
Oct. 1, 1898
Aug. 1, 1893
July 1, 1900
do
do
1884-85.
*
1886-87.
go9
2.435,401
252,393
$4,040,286
2,929,766
283,829
$4,374,581
3,207,062
310,989
$6,232,096
$4,753,409
$7,892,632
$5,268,831
$2,071 090
earnings
$7,253,881
$4,161,006
gross*earnings
Expenses
Net
1902
Jan. 1, 1916
April 1.
31,
do
1,
do
July 1.
do
April 1,
Bost. ,31 Milk St. &Plym. May 21,
AJ.
0.
N.
Miles operated
Total
Stocks—Last
Whom.
Q.—J. Stockbridge, Treasurer.
Boston, Office.
Q. -M.
6
6 & 7
6
226,900
....
1873-4
1885-7
2*3
200,000
....
Payable, and by
-
250,000
2,325,000
....
609
7
6
5
620,000
....
pal,When Due.
J. & D. Philadelphia, Pa. RR.
J. & J. Treasurer. Trenton, N. J;
Various Philadelphia, Pa., RR.
J. & J. Treasurer, Trenton,N. J.
M. & N. N.Y., Union Trust Co.
2
500,000
•
Where
When
Payable
1%
5,529,400
1,499,500
750'000
’85-6-7
r.
7
'202,000
1,947*400
100
in Harlem Extension in 1870. Since Sept.
Boston Sc
250,000
475,000
600,000
20,000,000
5,000,000
2,000,000
3,858,000
800,000
1,000{000
1,000
....
1872
1876
1879
1883
6
7
4
6
1,070,000
1,250,000
100
100
m
Rate per
Cent.
$1,000,000
1,000
m
m
186
Sinking fund bonds ($624,000)
Consolidated mortgage bonds (for $2,000,000)...
Outstanding
1877
$1,000
1876
1,000
1885-7
1,000
1876
1,000
1875
i.86
Amount
Par
Value.
1872
..
.
Size, or
of
of
Road. Bonds
64
67
67
12
59
22
390
Bonds —Princi¬
INTEREST OR DIVIDENDS.
Date
$3,500,472
$2,623,801
INCOME ACCOUNT.
Receipts—
Net
earnings
Rentals, interest, &c
Total income
Disbursements—
Rentals pain
Interest on debt
Dividends
Eastern (under lease)*
,
18*4-85.
2,071,090
279,463
1885-86.
2,509,472
289,809
$2,350,553
$2,790,281
$2,923,551
$1,225,526
$1,363,117
$1,451,075
266,424
255,440
(9^) 665,000
469,724
(10) 700,000
(8) 560,000
158,603
1886-87.
2,6.'3,801
299,750
260,609
510,846
Total disbursements
$2,755,281
$2,210,553
$2,922,530
$140,000
$35,000
$1,021
£, ciudes interest an 1 sinking fund for improvement bonds.
—(V. 44. p. 184, 369, 458, 544, 807 ; V. 45, p. 538, 612, 791. 819.)
Uonton Sc New York. Air LIue.-Owna from New Haven, Conn.,
to Willimantic, Conn., 50 miles;
leased, Turnerville to Colchester, 4
miles; total operated. 5 4 miles. Formerly the New Haven Middletown
& Willimantic. A lease was made in Oct., 1882, to the N. Y. N. H. & Hart.
RR. for 99 years at 4 per cent dividends per year on the pref. stock and
interest on the bonds; the common stock is $834,900.
Boston Sc Providence.—Owns from Boston, Mass., to Providence
Balance surplus
*
branches,20 miles; leased, Attleborough to North Attle¬
operated, 68 miles. In November, 1887, the
directors authorized $2,000,000 bonds to pay floating debt, and agreed
to a lease for 99 years to Old Colony RR. at 10 per cent yearly
on
stock and a bonus of $1,300,000 cash, out of which an extra
dividend of $32 50 was paid on stock May 2, 1888. Notes outstanding
R. I., 44 miles;
borough. 4 miles; total
$760,000. In jear ending Sept. 3< , 1887, gross in¬
$1,905,495; ner, $470,863: surplus over interest aud divi¬
dend (10 per cent), $48,873
T11 1885-86, gross, $1,784,805; net,
$399,-80.—(V. 45, p. 43S,.612. 627, 641, 672; V. 46, p. 4-iO.)
Bradford Bordell Sc Kinziia—(3-foot gauge)—Mileage from
Bradford, Pa., to Simpson, Pa., 15 miles; Kinzua Juuetion to Rew City,
2 miles; Rew City toEldred, 12 miles; Simpson to Smethport, 10 miles;
In Deo., 1884.
total, 39 miles. Stock is $500,000, par of shares, $100.
default in interest was made, and in Nov.. 1885, bondholders subscribed
5 per cent on their bonds to resume payments, lecciving certificates of
indebtedness to the amount paid. Of these certificates $ .2,95 * were
outstanding Dec., 1886. Gross earnings in 1887, $*0,737; deficit under
expanses and interest, $73,223.
Gross earnings iu 1836, $74,130;
net, $10,226, John .1. Carter. Titusville. Pa.. President.
«■
Bradford Eldred Sc Cuba.—Owns from Cuba to Ceres, N. Y.,
24 miles; operates. Wellsville to Little Gtneese, 21 miles, and Eldred to
Ceres, 9 miles; total operated, 54 miles. 8tock, $480,00'). There are
also 2d mortgage bonds for $60,000, 6s, which were due June l, 1885.
Foreclosure suit begun in February, 1885. Thos. C. Platt appointed re¬
ceiver in Oct., 1885, and $28,526 certificates authorized. In year ending
Sept. 3d, 1887,gross earnings were $34,020; deficit, $15,919; dcf. under
interest, taxes, etc., $49,519. Tli »s. C. Platt, Receiver, 82 Broadway,
N. Y.
(V. 46,p. 537.)
Brooklyn Elevated.—Lino of road from Fulton Ferry and Brook¬
lyn Bridge via Broadway, &o., to East New York, 6% miles. This
is the Brooklyn Elevated Railroad organized May 29, 188 4, as succes¬
sor to the Brooklyn Elevated Railway sold in foreclosure May 12. 1884.
The capital stock was increased in February, 1m83, from$5,000,000 (par
$ 00) to $10,000,0 >0; the 2d mortgage bears 3 per cent interest till July,
1888 and 5 per cent tuereafter.
After 1888, if net earnings suflioe,
a sinking fund of one per cent will purchase 2d raorrg. bonds at 90, and
after ’89 1 like siuking fund will purchase 1st mortg. bonds at 105—no
Sept., 1887, were
come
was
bond* drawn.
From Oct. 1, 1887, to
March 31, 1883 (6 mos.). gross earnings were
$3 49,073, against $ 507, s »7 in 1886-7: net, $127,893, against $103,644;
surplus over charges, $2,311, against deficit of $16,718.
For year eu ling Sept. 3* . 1387. gross earnings, $620,234; net. $229,200; netdetlcit uudei payments, $^2,49L. Henry W. Putnam. President.
—(V, 44, p. 242, 654; V. 4a, p. 212, 512, 538, 673,8 5; V. 46, p. 74,
90,201.610.)
Brooklyn Sc Montauk.—Brooklyn to Eastport, L. I., 67 milee;
branches to Fresh Pond Junction, 1 mile; to Rockawaj, 9 miles;
total, 77 miles.
This was first the South Side Railroad or Long
Island, which was foreclosed Sept. 16, 187 4, and reorganized as the
Southern of Long Island.
On June 3, 1879, the property was again sold
in foreclosure of the second mortgage, and this company organized.
The preferred stock lias a preference of 7 per cent, not cumulative.
It
is leased to the Long Island Railroad for 50 years, from October, 1879,
at 25 per cent of the net earnings of the whole Long Island RR. system,
including its leased lines. No rental has been reported as paid, and no
Mat,
1$8?.J
RAILROAD
STOCKS
AND
BONDS
21
Subscribers will confer a great favor
DESCRIPTION.
For
SUPPLEMENT
INVESTORS’
22
by giving Immediate notice of any error discovered in these Tables.
Miles
of
Date
of
41
24
6-9
6-9
77
77
77
171
26
142
142
All
108
258
o
Brooklyn Elevated— 1st mort., gold, sink’g fund, .c *
2d mort., 5 p. c. after July, ’88, gold. sink. fd..c *
Brooklyn dk Montauk—Stock ($1,100,000 is pref.) ..
First mort., guaranteed by Long
Second mortgage (for $600,000)
Island RR—o *
Brunsvo.dk IF.—lstM.($3,000,000)gu.byS.F.&W.c*&r
Buff.Brad.dk Pitts— Gen.M., (incl. 10,000 ac.I’d)..c
BuffaloN.Y.dk Erie—8tock(7 p.c.rent N.Y.L.E.&W.)
c*
1st mortgage
Buff.
Roeh.dkPittsb.—1st gen.M.,g.($10,000,000).c*
A P. 1st mortgage
R. & P. Consol, mortgage, $20,000 per mile
R. & P. Equipment bonds (car trust) in 5 series...
_
67
67
Buffalo dk Southwestern—Stock (one-half of it pref.)
gold, int. guar, by N.Y.L.E.& WT
c*
1,039
Burlington i1. Rapids dk Northern—Stock
1st mortgage, sinking fund
..c* 369
73
Iowa City & West., 1st M., red. after ’89. guar., c
1st mort.,
Ced.
Rap’'. I F.&N.W., 1st M.,g.,guar.,rcd.aft/90 t
1st
do
M., gold, guar
c S
$15,000 p.m. c\fcr
Minneapolis A St. Louis, 1st mort., (assumed)
Consol. 1st M.& collat. trust, g.,
Cairo Vincennes dk Chic. —1st M. bds.,
gold (Wabash)
California Pacific—1st mort., gold (ext’d’d at 4^)
2d mort., end. by Cent. Pad
3d, mort. guar, by Cal. Pao. ($1,000,000 are 3s)...
Camden <6 Atlantic—Stock ($880,650 of it pref.)—
1st mortgage (extended 20 years in 1873)
cv
2d mortgage, extended in 1879
c*
Consol, mortgage (thirty years)
c*
Camden dk Burlington Go.—1st mortgage
390
1882
1881
1884
1885
or
Par
Amount
500 &o.
1876
1887
1881
1882
1,000
1,000
1,000
1,000
Var’s
1,000
100
....
1877
1876
1879
f 1880
\ 1881
1884
1877
1881
1867
1871
1875
78
1853
1854
1881
...
31
....
1867
1,000
100
100 &c.
6,500,000
584,000
825,000
1,905,000
5,000,000
150,000
1,000
1,000
1,000
l.OOO&c
500 &c.
3,857,000
2,250,000
1,000
1.000
1,000
1,600,000
500
50
2.998.000
1,257,100
490,000
1,000
497,000
350,000
350,000
1,000
1.000
500&C.
Dividend.
D. BradFd, Pa., Co.’s Office
J. Last paid July, 18.34.
O. N. Y.. Cent. Trust Co.
J.
do
do
N.
3ifl
7
5 g.
6
6
6 & 7
2
6 g.
June 1, 1932
Jan. 1, 1932
Oct. 1, 1924
July 1, 1915
Y., Corbin Ban&’g Co. Mar. 1, 1911
J. &“j. N.Y., H.B.Plant, &Sav.
J. & J. N. Y. L. Erie & W. RR.
J. & D. N. Y. L. Erie & W. RR.
do
do
J. A D.
M. & S.
New York.
F. & A. N. Y., Union Trust Co.
do
J. & D.
do
Gallatin Bank.
Various
7
Jan. 1, 1938
Jan. 1, 1896
Deo. 1,
Dec.
1,
Sept. 1.
Feb. 1,
Dec. 1,
J.
U>
N. Y., 1st Nat. Bank.
<& J.
j.
M.
A.
A.
A.
J.
g- J.
4^ g. J.
6 g. J.
3 & 6
J.
2*2 on pf. A.
7 g. J.
6
A.
6
J.
6
F.
g.
g.
g.
g-
& b.
& 8.
& O.
& O:
& O.
& D.
& J.
& J.
& J.
& J.
& O.
& J.
& O.
& J.
<fc A.
1887
1916
1937
1921
1922
Various.
....
5’
7
6
5
5
7
5
Whom.
M."& *S.
4g.
2,380,000
1,000,000
1,300,000
3,9.0,000
760,000
943,666
1,500,000
5,500,000
&
&
&
&
J.
J.
A.
J.
5&6
580,000
950,000
1,000
100
•
Payable
6
6
6 g.
3-5 g.
3,500,000
1,250,000
2,000,000
1,000,000
0)
1,200,000
1,000
•
When
Cent.
$498,000
500,000
1888
1887
1865
All
12
266
114
114
114
79
....
$500
1,000
1,000
1,000
1881
•
Rate per
Outstanding
100
•
Bonds—Princi¬
pal,When Due.
Where Payable, and by Stocks—Last
INTEREST OR DIVIDENDS.
Size,
explanation of column headings, &c., see notes
Road. Bonds Value.
on first page of tables.
Bradford Bor dell dk Kinzua—1st mortgage
Bradford Eldred dk Cuba— 1st mort
[VOL. XLVI
N. Y.,
July 1, 1908
Central Trust Co. June l. 1906
do
Sept. 1, 1909
do
Oct. 1, 1920
do
do
do
do
,
do
do
do
Oct.
do
do
Jan.
1.
1921
April i, 1934
do
June 1,1927
Last paid, Jan., ’84
Oct. 1, 1931
N.Y.,So. Pac. RR. Office Jan. 1«? 1912
do
do
1, 1891
July, 1905
Phila.,Of.,233 So.4thSt. April 16, 1888
Phila., Farm. & M. B’k.
March, 1893
do
do
Oct. 1, 1904
do
do
July 1, 1911
Phila.. Penn. RR. Co.
1897
From Jan. 1 to Mar. 31 in 1888 (3 mos.), gross earnings were $638,856,
public reports are issued. L. I. RR. guarantees interest on $750,000
of tbe bonds, at 5 per cent, and both principal and interest on $250,000 against $703,021 in 1887; net, $134,605, against $221,593 in 1887.
Annual report iu V. 46, p. 649, gave net income, <fcc , as follows:
sixes
In June, 1888, a vote is to be given to ratify the issue of $600,000 2d mortgage bonds, and the payment of dividends of 30 per cent on
FISCAL RESULTS.
preferred stock and 20 on the common. (See V. 4G, p. 60d.) Daniel
1885.
1884.
1886.
1887.
Lord, President, New York City. (V. 44, p. 808, 609.)
990
990
Miles operated
1,039
1,046
Brunswick Sc Western.—From Brunswick to Albany, 171 miles*
$
$
$
$
Earnings—
and 83 miles projected to Columbus, Ga.
This was formerly the Bruns¬
691,174
666,922
662,485
692,129
wick & Albany. In Dec., 1S87, the control of the road was sold to the Passenger
2,174,174
2,284,542
2,141,646
2,024,175
Savannah Florida & Western, and new bonds were issued as above, Freight
117,797
129,178
139,659
105,362
guaranteed principal and interest by the S. F. & W Co ; $1,8<>0,000 bonds Mail, express, &c....
There are also $3,000,000 5 per cent
are reserved to retire old bonds.
Tot. gross earnings
2,796,459
3,093,513
3,005,962
2,933,309
income bonds. (V. 45, p. 512.)
2,225,906
1,917,769
2,132,404
2,189,543
Oper exp. and taxes
Buffalo Bradford Sc Pittsburg.—Owns from Carrollton, N. Y.
to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New Net earnings
878,690
903,970
800,905
780,056
York Lake Erie & Western for 499 years. Rental, 7 per cent on out¬
68-57
70-77
7269
P.c. op. ex. to earn’8.
74-04
standing bonds, $40,600 a year. Capital stock, $2,286,400; par $100.
.
Buffalo New fork Sc Erie.—Owns from
INCOME ACCOUNT.
Buffalo, N. Y., to Cor¬
Leased in 1863 to the New York & Erie for
and now operated by the N. Y. Lake Erie & West. Co. Rental,
ning, N. Y., 142 miles.
400 years,
$238,100—viz., 7 per cent on stock and bonds and $5,000 for organiza¬
tion expenses. Dividends and interest paid directly by the lessees.
Buffalo Rochester Sc Pittsburg Railway.—(See Map.) Owns
from Rochester, N. Y., to Clay ville, Pa., 229 miles; Buffalo Branch from
Ashford to Buffalo, 48 miles; other branches, 17 miles; total, 294 miles.
This company was formed in March., 1887, as successor of the Kochester .v Pittsburg and the Pittsburg & State Line RR., which were fore¬
closed in Oct. 1885 and purchased by Mr. A. Iselin.
The preferred stock of the consolidated company is $6,000,000 (en¬
titled to 6 per cent dividends, noil-cumulative), and common stock,
$6,000,000. In year 1886-’87 2^s per cent was paid on preferred stock.
In November, 1887, anew mortgage (Trustee Union Tr Co. of N. Y ) for
$10,000,000 5 per cent, fifty year bonds, was authorized, of which
$6,o0u,000 are reserved for prior bonds.
From Oct. 1, 1887, to Mar. 31.1888 (6 months), gross earnings were
f1,049,883, against $810,049 m and rentals, $17,655, against $32,345.
97; surplus over interest, taxes 1886-7; net, $251,i36, against $232,The income accounts of the R. & P. for the years ending Sept. 30 were as
follows :
Receipts—
1886-7.
1885-6.
Grose earnings
$1,916,361
$1,299,362
Net income (including miscellaneous)
$390,357
$594,734
Disbursements—
Interest on bonds
Eental and miscellaneous
68,505
352,106
56,128
sur.
$408,234
$172,319
def. $17,877
—(V. 44, p. 212, 309, 392, 402, 781; V. 45, p, 25, 240, 373, 400, 538,
613, 673, 705; Y. 46, p. 101, 201, 353, 610.)
Buffalo Sc Southwestern.—Owns from Buffalo to Jamestown,
N. Y., 67 miles.
Formerly the Buffalo & Jamestown; reorganized
in 1877, after foreclosure. In July, 1880, leased to New York Lake
Erie & Western for 99 vears—at 35 per cent of gross earnings, but
Interest on bonds guaranteed. Rental in year ending Sept. 30,1887,
$115,342; in 1885-86, $90,831. When earnings have been sufficient a
email dividend has been paid on pret. stock.
Burlington Cedar Rapids Sc Northern.—On Jan. 1 *88, oper¬
ated from Burungton, Iowa to Albert Lea, Minn, (including 11 miles
leased), 253 miles; branches-Linn, la., to Postville, la., 94 miles; Mus¬
catine, la to Riverside, la., 31 miles; Vinton, la., to Holland, la., 48
miles; Iowa City to What Cheer and to Montezuma, 73 miles; Clinton
Division, 81 miles; Decorah Division, 23 miles; Iowa Falls Division,
430 miles; Waverly Division, 6 miles; Forest Division, 7 mdo**; total
owned, 426 miles; total operated, 1,046 miles. This company has a per¬
petual lease of those lines (included above) built by tue Iowa City &
Western, the Cedar Rap. Iowa Falls &N W., the Oe<la»- Hap. & Clinton.
And the Ohio. Dee. & Minn. RKs. The Waverly Short Lino is operared
temporarily, and the Forest Division for live vears ending June 22,
1892. This company was formed as successor to the B. C. R. * Minn.,
foreclosed Juue 22, 1876. In May, 1885, a decision was obtained by
the holders of old equipment mortgage bonds of 1874, holding those
bonds to be good, but the m st r found only 513 bonds a valid
obliga¬
tion, and tue case is yet pending. (V. 46, p. 649.)
Towa City & Western bonds are guaranteed as to interest and are
redeemable after August 31, 1389, at 105. Bonds of the Cedar Rapids
,
Iowa Falls <fe Norm western road are endorsed (endorsement is on the
bonds); the 6 per cent bonds are redeemable at 105 after Oct. 1, 1890;
of the 5 per cents $325,000 are reserved to retire the 6
per cents. The
company guarantees the above bonds. It has also assumed $150,000 of
Mmneap. «fe St. Louis 7 per cent bonds due June 1, 192 7, hs commuted
rental for 12 miies or road leased for 999
years from Minneap.
8t L.
In April, 1884, for the purpose of issuing additional bonds for exteu
sions, the limit of authorized capital stock was raised to $30,000,000.
The consolidated bonds are dated April 1.1884, and issued at $15,000
per
mile to build new road, and secured by first
mortgage bonds on the
roads built, deposited with the Central Trust Co., trustee of this mort
gage.
They will alco retire all prior and divisional bonds.
1884.
$
Receipts—
878.690
Net earnings
1885.
1886.
1887.
$
903,970
83,798 -
$
800,905
780,057
63,252
95,789
$
Other receipts
31,108
Total income
909,798
987,768
864,157
875,846
573,663
742,275
749,898
767,127
103,169
137,775
5G.925
140,067
806,823
sur.57,334
907,194
def.31,348
Disbursements—
Interest on debt
Const’n., improvem’t,
equipment, &c....
Tot. dishursem’ts
Balance
681,832
880,050
sur.227,966 sur. 107,718
.
-(V. 44, p. 90,184, 494, 619; V. 46, p. 610, 619.)
Cairo Vincennes Sc Ckicago.—Cairo to Tilton, Ill., 258 miles;
branch, 8t. Franoisville to Vincennes, 8.; total, 266 miles. This was a
consolidation of tue Cairo & Vincennes, Danville <fc S. W, and St. Franolsville & Lawrence roads, forming the Cairo Division of the Wabash Si.
Louis & Pacific. In July, 1887. a decree was entered by consent releas¬
ing this road from liability on all Wabash claims. Receiver’s certificates
for $666,161 have been issued. All the above bonds have been deposited
with Anthony J. Thomas and Cnarle ■ E. Tracy, bondholders’ committee,
preparatory to reorganization. From May 1/87, to Mar. 31, ’83 (11 rnos.j,
earnings were $718,483, against $660,644 in 1886; net, $239,367,
against $159,603. In the year ending April 30,1887, gross earnings were
$710,66); net, $161,263. (V. 44, p. 494; V. 45, p. 214, 614, 819, 855.)
California Pacific.—Ownk from Vallejo, Cal., to Sacramento, Cal.,
61 miles; branches—Vallejo Junction to Vallejo, 2 miles; Adelante to
Calistoga, 35 miles; Davis to Knight’s Landing, 19 miles; total oper¬
ated. 115 miles. Leased for 29 years, from July 1,1876, to Central Pao.,
but. in Nov., 1836, new lease was made to Southern Pacific Co. Rental,
$600,000 per annum, and three fourths of net earnings when in excess
of that amount.
Capital stock, $12,000,000; par. $100. In 1886, gross
earnings were $1,233,641; net, $674,082. In 1887, gross, $1,207,372;
gross
353,910
$422,415
Balance
Walston H. Brown, N. Y., President.
.
net, $631,087.
Camden Sc
Atlantic.—Owns from Camden, N. J., to Atlantic
City, 60 miles; Atlantic City to Longport, 7 miles; Phil. Marl. A
Med. RR.; Haddontield to Medford, 12 miles; total operated, 79 miles.
Pref. stock, entitled to 7 per cent if earned, and to as high as paid to com.
if more than 7. Penn. RR. owns $234,100 com. and $451,950 pref. stock.
From Jan. 1 to Mar. 31, 1888 (3 mos.), gross earnings on main line aQd
branches were $99,707, against $90,452 in 1887; deacit, $15,lo8, against
$25,526.
On main lino and branches in 1887 gross earnings were $678,644; net,
; surplus over fixed charges, $56,539; dividends (5 per oent),
$43,988. In 1886, gross, $599,090, net, $129,775 ; surplus, $51,610.
—(V. 44, p. 494; V. 46. p. 218.)
Camden Sc Burlington County.—Owns from Camden, N. J.,
$13^,564
Pemberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden & Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad & Canal Companv’s lines.
Lease rental, $44,415,
being 6 per cent on stock and bonds, ami $500 for organizational*
penses. Capital stock $381,925 and funded debt $350,000. Dividends
in January and July.
to
Soutkern.—Line of Road—Main line from Cantilever
m.; branch, Amherstburg to Essex Centre,
16 miles; Fort Erie Br., 17 miles; Oil Springs Br., 3 miles; St. Thomas,
Ont., to Courtright, Out., 63 miles; Erie & Niagara, 31; Sarnia Chatham A
Erie, 7; Canada Southern Bridge & Ferry, 4; Toledo Canada Sontlieru A
Detroit, 56, and Michigan Midland <fe Canada, 15; total of all lines
Canada
Bridge to Windsor, Out., 226
operated, 436 miles, of which 105 miles are nominally owned by proprie¬
tary companies under separate organizations.
The Canada Southern Railway Company was chartered in Canada
February 28, 1868, and the main line opened November 15, 1873.
Default was made and debt readjusted by Act of Parliament in
1878.
Interest on the 1st mortgage is guaranteed by the New
York Central Railroad Co. for 20 years; but the principal is not guar¬
anteed. In Nov.. 1882, a close contract was made with the Michigan
Central for 21 years from Jan. 1,1883, providing for the operation
i
tab
MAP OP THE
CANADIAN PACIFIC
RAILWAY
AND CONNECTIONS.
BASOTNNODCSK
% *^>1 r\ M
I
f n\ ft
■.I'iis
..
r
UJ— L
l
Hi^<3>
r^vv*
/—<'0A?
w<*L r E
i
t'wan
vi
--f
1
•0,\l
K A T ?
®£/*r7r'%
RAILOD
ou
t
;
^Teliama
?
MaBaasgttii8Sfi«aBMaiSiM8imfisaasiayaaai^^
iUuiroada projected or m p^re&a
24
INVESTORS’
Subscribers will confer
a
SUPPLEMENT,
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
Miles
of
explanation of column headings, &c., see notes
on first page of tables.
Road.
Canada Southern—Stock
1st mort., interest guar, by N. Y. C. & Hud. Riv.c
2d mortgage
c&r
436
404
404
Date
of
Bonds
Q. M. O. Ac O. and N. 8. RR..
Land mortgage bonds, gold (redeemable at 110)..
ou
Par
Value.
-
-
-
....
....
—
....
....
....
....
....
$15,000,000
1,000
13.920,071
i,ooo&c
5,100,000
65.000,000
1,823,333
7,000,009
3,471,000
3 4.998,633
£750,00 )
....
’82-’83
1881
500 &c.
1885 £ 100&C
13«8 £ 100&C
1838
1887 £100 ArC
1836
1881
1881
1881
1881
1883
1,000
1,000
50
50
1882
1870
.
.
1866
1865
1879
’66-7-8
....
500 «fec.
30
500&C.
c
1,000
1,000
1,000
1872
1887
1881
1882
1879
1880
100
4,600,000
r
1,000
The Atlantic Ac Northwest Road across the State of Maine the Do¬
minion Government grants a subsidy to of $186,000 per
year till 1906
and Can. Pac. guarantees the balance of money necessary for interest.
The Canadian Pacific was incorporated February 18, 1881. under a
charter from the Dominion of Canada. The company had an important
contract in its charter, receiving from the Government $25,009,000 iu
cash as a subsidy, also 25.000,1)00 acres of land, all to be lit for settle¬
ment.
In Nov., 1883, the Dominion Government
gave a guarantee of 3 per
cent dividends per annum for ten years
on $65,000,000 of stock.
In May, 1888, the company voted to relinquish its exclusive
right to
build and operate in Manitoba, receiving the Dominion Government
guarantee or in:erest oa $15,000,000 of laud grant bonds to be issued
The lands in possession of the company are about
14,934,237 acres.
The land bonds of 1931 are receivable for lands and may be paid
off at
110.
There are also $43 ,03 5 Nort i Shote Railway 1st mort b mds.
From Jan. 1 to March. 31, 1888 (f mos.), g.oss earmuss were $2,607,722. against $1,873,304 in 1887; net, $238,199, against\$3,997.
The annual report for 1887 was published at length in the Chronicle.
V. 46, p. 608, 617:
OPERATIONS AND FISCAL RESULTS.
Passengers carried, No....
Passenger mileage
116,702,980
Rate per passenger pr mile
2*45 cts.
Freight (tons) carried
1,996,355
Freight (tons) mileage
406,822,166
Rate per ton per mile
J ’20 cts.
Earninqs—
Passenger
$2,859,223
4,881,866
Freight
Mail, express and rnisc’us.
627,401
1,899,3 L9
987,000
500<fec.
500 &c.
miles, and 1,129 miles of leased lines, making the whole system 4,960
fSee details iu Chronicle, V. 46, p. 619.) The road was opened
throughout the first of July, 1886.
4.464
589,110
1,377,000
1,600,000
630,000
1,000
1,000
miles.
1886.
1,300,000
1,600,000
7,500,000
4,999,000
5,000,000
100
....
Canadian Pacific. —(See Map.)—The main line extends from
Montreal to Vancouver on the Pacific coast in British Columbia.
2,906 miles. There are branches and auxiliary lines owned of 925
4,338
1,60 ),719
1,500,000
2,000,000
1,200,000
1,500,000
2,250,000
510,000
1,159,500
3,200,000
230,500
1.000
V.45.P. 5,25, 886.)
18*5.
....
$6,650,000
$1,000
1,000
1,000
of the Canada Southern by the Michigan Central, also for the placing of
the total earnings of both roads in a common treasury, out of which is to
be paid, first, the operating
expenses of both roads; second, the fixed
charges of both; third, the division of the remainder between the two,
in the rate of two-thirds to the Michigan Central and one-third to the
Canada Southern.
In 1886 the surplus to C. S. was $107,335; for 1887,
surplus, $540,870 and balance over dividend of 2^ per cent, $165,000.
For latest reports of earnings see Michigan Centrai.
(V. 44, p. 21, 534;
Miles operated Dec. 31
Amount
Outstanding
100
1837.
4,900.
2,057,089
174.687,802
Bmds—Princi pal.When Due.
INTEREST OR DIVIDENDS.
or
....
.
1st mort. debent, sterling
2,856
1st mort on Algoma Branch, £
c\fcr 183
L ind grant bonds ($15,00 >,000), guar. Can.Gov’t
Atlantic & Northwest —1st M., g., guar
c*&r 325
150
*Cp. Fear <£ Yad. Yal.—1st M.,ser. A $10,uo0 p.m o*£r.
Carolina Central—1st mortgage, gold, coup, or reg.
242
2d mort., gold, income, reg., non cumulative
242
3d mort., gold, income, reg., non cumulative
158
Carson & Colorado—1st mortgage. Series “A ”
153
Second Division mort., Series “B.”
44
Catawissa—Common stock
98
Pref. Btk. ($2,200,000 is old pref.),7 % gu. P. & R.
98
1st mortgage, assumed by Phila. Ac Reading
93
Mortgage bonds
34
Cauuya dk Susa.—StocK, 9 p. c. rental D. L. Ac W
Cedar Falls <£ Minn.—Bonds on 2d div.. sink, f’d.c*
61
Cenl.Br. (7.P.—IstM.Atch.&P P.RR ,g.,$16,000p.m.
100
Funded interest bonds (coupons held in trust).
2d mort. (Government subsidy)
100
Central R. R. <& Bank, Ga.—Stock
982
General mort. “tripartite” bonds,
620
c*
Collateral trust bonds, gold, drawn at 110
c*
Certificates of debt (for dividend)
Ocean SS. Co., guar., 1st mortgage
c*
-Central Iowa—1st mortgage
189
Debt certificates, issued for overdue coupons....
..
Size,
oo
1873
1883
Canadian Pacific— Stock (guar. 3 p. c. div. till ’93). 4,960
Canada Central RR. 1st & 2d mortgages
Quebec Prov. due
| Vol. XLYI.
3,700,000
629,000
Rate per When Where
Cent.
Payable
Payable, and by
Whom.
Stocks—Last
Dividend.
F. & A. N. Y., Grand Ceil. Dep. Feb. 15, 1888
J. & J. N. Y., Union Trust Co.
Jau. 1, 1903
5
M. & S.
do
do
Mar. 1, 1913'
F. Ac A. N.Y.,59 Wall St .& Lon. Feb. 17, 1883
1*2
5 & 6 Various
Montreal.
1899 & 1910
5
A. & O.
do
1902 Ac 1 )04
5 g.
A. Ac O. Montreal ,N. Y. orLondon
Oct. 1, 1931
5 g. J. Ac J. London, Baring B. & Co. July 1, 1915
5 g. J. & J.
do
do
July 1, 1937
3Lj
1938
5 g. J. & J. London,Baring Brs.&Co Jau. 1, 1937
6 g
J. & D. N.Y., Farm. L.& Tr*. Co. Juue 1, 1916
0 g. J. & J.
N. Y., Balt. & Phila.
Mch. 31, 2000
6 ft. J. <fc J.
July 1, 1915
A. & O.
July 1, 1910
J. & J.
New York.
July, 1911
6
J. Ac J.
do
July 1, 1913
1*4
5
S*
■
~3ifl
6
7
4^
7
6 g.
7 g.
6
4
7
5 g.
6
6
7
7
M.
F.
F.
J.
J.
M.
M.
&
&
&
&
&
&
&
N.
A.
A.
Philadelphia Co.’s office
Phila., Pliila.& Read.Co.
do
do
May 18, 1888
Feb. 1, 1902
Feb. 1, 1900
J. New York, 44 South st.
Jan. 3, 1888
J. Last pail Julv, 1837.
Jan. 2, 1907
N. N. Y.,195B’yikUu.Ti\Co May 1, 1895
N.
do
do
May 1, 1895
U.S. Treas., at maturity. 1896,’97, ’98
D.
Dec. 21, 1887
Savaunah, Ga.
J. N.Y.Nat.City Bk.,*&Sav. Jan. 1, 1893
N. N.Y.,H B. Hollins <fe Co.
May 1, 1937
J.
After 1891
Savannah, Ga.
J.
New York.
Jan. 1, 1892
J. Last paid Juiy, 1886.
July 15, 1899
O. No interest ever paid.
3 mos. notice.
....
J. &
J. &
M. &
J. &
J. &
J. &
A. &
98 miles.
Leased from Nov. 1, 1872, for 999 years to
Reading.
Rental, 30
Philadelphia &
cent of gross earnings and $8,000 a year for
company expenses. Funded debt is also'assnmed by lessees. Seven por
cent is guaranteed on the preferred stocks.
(V 43, p. 387.)
Cayuga Ac Susquehanna.—Owns froth Snsqueuanna River to Itha
ca, N. Y., 34 miles. Leased in perpetuity to Dela. Lack, Ac West, at a rental
of $54,600 a year.
Dividends o i capital, 9 to 9*a per cent per annum.
Cedar Falls Ac Minnesota.— Owns from O. F. & M junction on
the D. & 8. C. RR.. near Cedar Falls, la., to Minn. State Line, 76 miles.
Leased to Dubuque Ac Sioux City for 40 years from January 1, 1867,
at $1,500 per mile as a minimum and a contingent of 35 per cent of
gross earnings from $3,500 to $7,500 per mile and of 30 per cent oi
any excess over $7,500 per mile; minimum rental is $113,370 per annum.
The Dub. & 8. C. was acquired by Ill. Central through ownership of its
stock in 1887, and a suit is pending to annul the lease of this road.
In¬
terest was defaulted Jan., 1838. Capital stock, $1,586,500.
From Oct.
1, 1887, to Dec. 31, 1887(3 mos.), gross earnin is were $27,313; deficit
under expenses an i taxes, $8,923. J. Kennedy Tod, President, N. Y.
—(V. 45. p. 819, 855; V. 46, p. 74, 102, 199. 288.)
Central Branch Union Pacific.—(See Map Mo. Pac.)—Owns from
Atchison, Kan., to Waterville, Kan., 100 miles; leases Atchison Col A
Pac. 254 miles ; Atch. J. Co. & W., 34 miles; total operated, 388 miles.
The Un. Pac. Cent. Branch was formerly the Atchison & Pike’s Peak RR.,
and
was one
per
of the roads embraced iu the act of Congress
incorporating
The stock is $1,000,000, of which the Union
the Union Pacific RR.
Pacific owns $858,800.
of $1,600,000.
It is
The company received a Government subsidy
operated as a part of the Missouri Pacific
system under a 25 years lease,-made Sept., 1885, by which the net earn¬
ings are paid to Union Pacific as rental. In 1886 gross earnings were
$1,705,763; net income, $748,357; charges, $471,355; dividends,
$LOo,000 ; surplus, $177,002. Iu 1887, gross, $L,439,469; net income.
$383,579; deficit under charges and dividend, $162,802. Iu October,
1885. 5 per cent dividend paid; in 1883 paid 10 percent; iu 188 7,10
per cent —(V. 46, p. 321.)
Ceutral HR. Ac Banking Co. of Georgia.—(See Map.)—
Owns
from Savannah, Ga., to Atlanta, Ga., 294 in.; branch, Gordon to Milledge ville, 17 m.; leases in perpetuity—Augusta Ac Savannah RR., 53 in.;
Eatonton Branch RR., 22 m.; Southwestern RR. and branches, 320
miles; leaies till 1985 Mobile Ac Girard RR., 85 miles; controls by
own¬
ership of stock—Columbus & Western RR.. 89 miles; Montgomery
& Eufaula RR., 80 miles; Eufaula Ac Clayton, 21 miles; total
1*93 cts.
2-10 cts.
oper¬
2,046,195
2,144,327 ated and practically owned Aug. 31, 1887, 982 miles. Auxiliary sys¬
tem (the earnings of which are reported separately) iucl ides,
besides
555,438,159
087,786,049
other lines, Western RR. of Ala., 138 miles. Georgia RR.,
1 TO cts.
1*006 cts.
397miles;
Port Royal & Augusta, 112 miles; Atlanta & West Point, 87 miles, and
$3,453,8 L8 Port Royal & Western Carolina, 230 miles, and embraces in all, 1,252
$3,170,714
Also owns en¬
6,112,380
6,924,130 miles. Grand total of Central RR. mileage, 2 234 miles
798,710
1,228.465 tire stock of Oceau Steamship Co. In th i auxiliary lines the Ceutral
RR. owns part interests, either half or greater, represented Aug.
Total earnings
31,
$3,363,4^3
$lO,u-'l,-*u4
$11,606,413 1837, by $1,894,800 stocks and $i,304,000 bonds «»r
Operating expenses
5,143,276
6,378,317
8,102,2*5 In 1886 leased the Mobile & Girard RR., 8.5 miles.mortgage notes.
In 1881 the
lease of the Georgia RR. for 99 years was taken in the interest of this
Net earnings
$3,225,217
$3,703,487
$3,501,118 company and the Louisville & Nashville, which
operate it on joint ac¬
Per ct. of op.exp.to earu’gs
61*46
63*26
69*81
count. This company and the. Georgia RR. Co. arc
joint owners of the
INCOME ACCOUNT.
Western RR. of Alabama, 138 miles, purchased at foreclosure sale iu
1886.
1387,
April, 1875. The “ tri-partito” bouds were issued
Net earnings
$3,703,487
$1,501,118 pany, the Macon & Western and the Southwestern.jointly by this com¬
The certittoatesof
Fixed Charges.
3,033,042
3.250,264 debt of 188 L are in the nature of
guaranteed stock and arc payable at
Surplus
$633,445
$253,i option after July, 1891. The collateral trust bunds (Ceutral Trust Co.
-(V. 44, p. 59,184, 308, 343, 433, 525, 620, 65*2, 65 5; V. 45, p. 52, of New York, Trustee) were issued inls37; for abstract of deed and
securities deposited see V. 45, p. 242,
239, 400 ; V. 46, p. 38, 102, 448, 430, 608, 609, 61 7, 634.)
From Sept. 1, ’87, to Mar. 31, ’88 (7 mos.), gross earnings were
Cape Fear Ac Yadkin Valley.—Iu operation from Fayetteville, N.
$4,962,C., to Beunettsville, S. C\, 57 miles; Fayetteville, N. C., to Pilot Moun¬ ,846, against$1,312,721 in’36 87; net, $.’,149,099, against$1,838,011.
Fiscal year ends August 31; the report for 1886-7 was iu V. 45.
tain, N. C., 153 in.; Factory branch, 10 m.; total, 220 miles. Road is
p. 744.
1885-6.
1836-7.
projected some 220 miles additional, and is in course of construc¬
Gross earnings
tion by the North State Improvement Co., which Co. holds $750,000
$4,032,652
$4,421,630
2d mort. income bonds. Tne total stock is $798,925, of which $741,900
Expenses...
2,505.874
2,441,814
was outstanding April 1,1887.
From April 1 to April 30, in L*?83 (l
month), gross earnings were $.2,101, against $18,929 in 1887; net, Net earnings railroads
$1,576,778
$1,979,865
469,451
$3,879, against $8,193. In year ending March 31, 1*'88, gross earnings Net earnings steamship companies...
274,194
were $291,725; net, $142,362; iu 1886-37 gross, $236,066; net.
36,229
35,531
$111,- Net bauk and investments
685; surplus over rentals and interest, $46,797.—(V. 46, p. 319.)
Total net income of company
Carolina Central. —Owns from Wilmington, N. C., to Rutherford ton',
$2,082,450
$2,289,641
L-'ss interest and rentals
N. C., 267 miles. Formerly Wilmington Chat* & Rutherford, chartered in
1,3 11,037
1855. Succeeded by existing company after foreclosure May 3, 1873.
Defaulted, and receiver placed iu possession April 5, 1876. Sold iu fore¬ Excess of income over fixed charges
$928,554
closure May 31, 1880, for $1,200,000. From Jau. 1 to March 3 L, 18 38,
Dividend, 8 per cent; advances, $55,479, to Georgia RR.,
deficit on lease; sinking funds, $115,000
gross earnings were $150,031. against $140,651 in 1887; n jt $56,062,
770,479
against $55,715. In year ending March 31, 1888, gross earnings were
$527,190 ; net, $157,402; surplus over 1st mart, interest, etc., $5,967;
Surplus of the year
$153,075
in ’86-7, gross, $500,266; net, $183,773 surplus over interest, eto., $39,Dividend in 1832-83, 3 per cent; in 1883-84, 6; in 1884-5, 5 p. o.; in
190.
Wilmington Bridge bonds, $21.5,000, at 7 per cent, are guaranteed 1886, 6 p. c.; in 1836-7, 8 p. c.
by tills Co. and the Wil. Col. & Aug., and interest paid.
-(V. 44, p. 59, 134, 653, 631; V. 45, p. 84, 166, 173, 210, 242, 271, 400,
Carson Ac Colorado.—(3 foot gauge.)—From Mound House Nev., to
744; V. 46, p. 37.)
Candelaria, Nev., 158 miles; Junction, Mev., to Keeler, Cal., 141 miles ;
Central Iowa.—Owns from Albia, la., to Northwood,
la., 189
total 299 miles. Road follows the
valleys along eastern side of Sierra miles; Oskaloosa to I >wa Junction, 184 miles*; Grinnell & Montezuma
Nevada Mountains and may eventually join Southern Pacific at
Mojave. Branch, 14 miles; Story City Branch, 35 miles; State Centre Branch, 27
Stock, $6,380,040 authorized; $2,760,000 issued. No information fur¬ miles ; Belmond Branch, 22 miles
; Newton Branch. 28 miles; leased,
nished.
H. M. Yerington, Pres’t, Carson. Nev.
Manly Junction to Lyle, 20 miles, and tracks at Mississippi River, 3
Catawlssa.—Owns from Tamanend, Pa., to Williamsport, Pa., 94 miles; trackage, Iowa
Junction, III., to Peoria. III., 3 mdes; leases to
miles; branch, Summit Station to Silver Brook, 4 miles; total operated, B. C. R. & N. RR. Co., Manly Junction to
Northwood, 12 miles ; total
150,466,149
..
....
...
*
BSAOTONNCDKS
RAILOD
26
INVESTORS’
SUPPLEMENT.
[Vol. XLVI*
May,
Subscribers will confer a great
explanation of column
on
first page
discovered in tbese Tables.
Bonds—Pnnoi
favor by giving immediate notice ot any error
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
27
BONDS.
AND
STOCKS
KAILROAD
1888.]
headings, &c., see notes
of tables.
Miles
=of
Road.
Date
of
Bonds
-
pal, When Due.
Amount
Where payable, and by St ocks—Vast
Rate per When
Outstanding
Dividend.
Whom.
Cent.
Payable
Size, or
par
Value.
-
Iowa—(Continued)—
■Central
124
89
97
499
Consolidated mort., gold (for
Car trust certificates
$6,748,000)
Massachusetts—Stock ($3,852,088 is pref.) .
bonds, interest guar, by B. & L
o*
Central of New Jersey— Stock
General mortgage, gold(reg. Q.—J.)
c&r
■Central
Mortgage
1st mortgage bonds
Bonds (convertible Nov.,
1875 to 1877)
1882
1882
1882
1884
....
gold, Eastern Division
Ill. Division, 1st mortgage ($16,000 p. m.)
1st mort. on branches ($12,000 per mile)
1st mortgage,
....
104
124
648
•
•
•
•
74
....
Consolidated mortgage
Am. Dock <fe Imo.Co. M. bds., guar, redeem, at
Debenture bdsM conv. into stock till 1907
97
110.
....
....
137
Central Ohio—Stock ($391,700 of this is pref.)
137
1st mortgage bonds
137
Consol. 1st mortg. (for $2,850,000), gold
c
1,360
Central Pacific—Stock
737
1st mort., gold, (2 sinking funds, $50,000 each)..
138
Califor. State aid, gold (s. fund, $50,000) extend.
146
lstm.S. Joaq’n Val. Br., gld (s.f. $50.000)
737
U. S. Loan, (2d lieu on certain terms)
147
West. Pac., 1st in., s. f., (incl. $111,000 reserved).
West. Pac.,
123
152
144
Government lien
Cal.&0., 1st M.,g., guar, (extended in 1888)
Cal. & Oregon Cent. Pac., mortgage 8. f
Land grant 1st mortgage bonds
gold, bds , s.f.. ..c
■Central of Vermont—Cons. RR. 1st mortgage
Char. Cinn. & Chic.—1st M.,g., ($25,000 p. m.)..c*
Charleston <£ Savannah—Gen. M, $1,500,000, g...c*
Charlotte Columbia tfi Augusta— 1st mort. consol...
1st mort. &
land grant, 50-year,
2d mortgage
48*3
185
115
191
191
1.000
....
100
....
1,000
1886
100
500&C.
....
1887
1869
1872
1874
1881
1883
1,000
1,000
1,000
50
677,000
2,704,250
1,000
1,842,000
1,000
....
....
1,000
1,000,000
100
1886
68,000,000
25,883,000
....
1865-8
1864
1870
1,000
1,000
1,000
....
1869
1869
1868
1872
1870
1886
1883
1887
1*86
1869
1872
INCOME ACCOUNT.
6,000,000
1,000
1,000
4,261,000
12,200.000
6,000,000
5,865,000
100 &c.
follows:
1886.
1887.
$1,323,625
$171,196
563,687
**
Earnings from—
Passengers.
Freight and express
Authracite coal
U. S. Mail
Miscellaneous
Totals
Operating exp. & taxes.
Net earnings
Fixed charges
Surplus
Deficit
1887.
1886.
$2,211,405 $2,221,268
3,427,151 2,835,559
$591,591
5,468,253
5,180,590 287,662
24,047
23,533
421,808
481,424
$11,552,152 $10,742,891 $809,261
6,425^,772
$5,126,380
4,577,862
$548,517
6,284,098
$4,458,793
4,543,361
14',532
$649,781
5 g.
7 g.
7
7
1906
New York, Agency.
do
do
do
do
do
do
do
do
do
do
July* 1,'1987
U. S. Treasurv.
1895 to ’98
Feb. 1, 1890
1, 1902
July 1, 1899
Ndv.
July 1, 1921
May 1, 1908
Balt., at B. & 0. office. Feb. I, 1888
do
do
Sept., 1890
do
do
Sept. 1,1930
N. Y. & San Francisco. Feb. 1,1888
1895 to’98
N.Y., So. Pac. Co., Office.
do
do
July 1, 1888
Oct. 1, 1900
do
do
-
N.Y., So.Pac.Co., Office. July 1, 1899
1895 & 1899
U. S. Treasury.
N.Y., So.Pac.Co., Office. Jau. 1, 1918
Jau. 1, 1892
New York A London.
Oct. 1, 1890
do
<io
Oct, 1, 1936
N. Y. & San Francisco.
Bo8t.,Am. Loan A Tr.Co. July 1, 1913
Bust. Safe D. A T. Co.
July 1, 1947
Q.-J.
J. & J. Charleston & New York. Jan. 1. 1936
J. & J. N.Y., First National Bk Jan. 1, 1895
Jan. 1, 191p
do
do
A.
O.
Central Pacific.—(See Map of
—Main line—San Francisco,
Southern Pacific.)—Line of Road—
Cal., to Ogden, Utah,
(including 11 miles
Joaquiu Valley railroads. The act of Congress of July 1, 1862, granted
U. S. bond subsidies and lands to the Pacific railroads; the aot of July,
1864, made the lien of the Government subject to that of tho first mort¬
gage bonds, but authorized the Government to withhold one-half the
charges for transportation on its account, and also to receive 5 per cent
of the net earnings; the “Thurman” act of May 8, 1878, directed that
the other one-half of
charges for Government
transportation should be
yearlw to
withheld, and also that tho company should pay $1,200,000
the Government for the sinking fund of its debt or as much
thereof
as
transportation
the year. Dec.
31, 1887. accrued interest duo the Government amounted to $32,641,838. and par value of securities in U. S. Gov. sink. fd. was $2,811,906.
There was paid to the stockholders of the Oregon <fc Cal. RR. 80,000
shares of Central Pacific stock for their O. & C. stock, bringing that
shall make tho 5 per cent of net earnings, plus the whole
account, equal 25 per cent of the whole net earnings for
property into the Central Pacific in 1887.
Stock and Bonds—The following dividends on Central Pacific stock
were paid, viz.: In 1877, 8 per cent; 1880, 6 per cent; 1881, 6 ; 1882, 6 ;
1883, 6; in 1884, 3; and in Feb., 1888, 1 per cent. Prices of stock
since 1879 have been:
In 1880, 63a)971e; in 1881, 80^®10278;
in 1882, 8238a971e; in 1883, 615)88; in 1884, 30®67%: in ’85,26^349;
in ’86, 38^51; in 1887, 28^ «433e; and in 1888 to May 18, inclusive^
26^ 5)33^3.
Most of the issues of bonds have sinking funds, as
seen
in the table above,
and these sinking funds are
invested mainly
other Huntington lines and accumulate; the bonds
The sinking funds amounted Jan. 1,1888, to $6,241,are not called in.
663. The land grant bonds are retired with proceeds of land sales. Of
the Id. gr. mortg. of 1936 W. E. Brown and Frank 8. Douty are trustees.
The Land Grant.—The total land granted the Central Paoiflo and the
California & Oregon companies was about 12,000,000 acres, of which
about 2,470,OuO acres had beeu sold to Deo, 31,1887. In 1887 31,562
acres were sold for $105,324 and total cash receipts of Land Depart¬
in the bonds of
Jan. 1,1888, $1,117,408.
paying dividends
1884, till 1888. In 1885
rental guaran¬
the lessee com¬
ment were $495,916. Land contracts on hand
Operations, Finances, &c.—The C. P. stock, after
for a few years, ceased to pay after February,
the road was leased, as above, to the So. Pacilio at a net
teed of $1,200,000 per year, subject to the debts due
pany.
Later, the capital stock having
been increased to $68,000,000 to
nisod
rentals,
178, 179, 241, 340,
_34,501
571, t,09.)
$631,277
Central of
V.
—(V. 44, p. 21, 275, 362, 466, 525. 544, 620. 71 \ 714, 716, 781, 808 ;
45, p. 25, 112, 113. 1j5, 166, 271, 304, 402, 509, 572,
855; V. 46, p. 37. 41, 133, 609.)
Central Olilo.—Owns from Bellairo, Oliio, to Columbus, Ohio
613,696,705,
in 1854. Reorganized in
20 years, Nov. 11, 1866;
and in 1880 the lease was
renewing for terms of 20
years perpetually. The consol, mortgage (Mercantile Trust & Deposit
Company of Balt., trustee.) is for $2,850,000 at 4Vi per cent, running till
1930; the Baltimore & Ohio Company received $1,000,060 of these
bond for improvements on the Central Ohio.
In 1886-87 gross earnings,
$1,283,526; net, $53u,368. The road between Newark & Columbus
A 33
miles) is owned jointly with the Pittsb. Cin. & St. Louis RR. Co.
Oct. 1,
Boston Co’s Office.
complete the Cal. A Ore. Div., the minimum rental was
to
$1,360,000.
In 1887 the floating debt was wiped out, and first dividend under the
lease was paid Feb. 1, 18*8. The reduction of the floating debt, which
Jan. 1, 1885, stoou at $12,873,946, was accomplished by the sale of
materials to the So. Pac. Co. and the sale of bonds. (See report, Y. 46,
571).
$9,862 p. From Jan. 1 to Feb. 29 in 1888 (2 mouths), gross earnings on 1,410
miles were $2,185,294. against $1,519,403 on 1,377 miles in 1887; net,
514 799,115, against $555,743 in 1887; delicit under interest,
59,615 &c., $24,106 in 1888.
The annual report for 1887 (Ciironiclb V. 46, p. 571) showed gross
earnings $13,737,845; net profit due Central Pacific Railroad
733; balance due from So. Pacific (to make guaranteed rental)
_(V. 44, p. 59, 118, 148, 400 459, 553,781, 782; V, 45, p.52, 142,
$84,568
137 miles. Chartered in 1847 and opened
1865. Leased to the Baltimore & Ohio, for
rental, 35 per cent of gross earnings,
extended to Dec. 1, 1926, with the option of
1924
leased), 883 miles; Lathrop to Goshen, 146 miles; Roseville Junction to
Oregon State Line, 296miles; other lines 35 miles; total operated and
accounted for Jan. 1,1888, 1,360 miles; Stockton & 0 >pperopolis Rail¬
road, 49 miles, is leased to Central Pacific, but operations are reported
separately. In connection with the Union Pacific, the Central Pacific
forms a continuous line from San Francisco, Cal., to Council Bluffs,
la. (1,918 miles), which was opened May 10, 1869.
In March, 1885, the Central Pacific lines were leased to tho Southern
Pacific Company. The Cent. Pacirto receives all its net surplus income
above annual charges of every sort and betterment'!, and a minimum
rental of $1,200,000 and a maximum of $3,600,000 (payable annually
on
May 1), is provided for by the lease, but this rental is first applic¬
able to the payment of Cent. Pac. floating debt, if any, and no dividends
were paid under the lease on Cent. Pac.stock till Feb.,1888, when 1 per
cent w as paid.
The Charter, leases, &c.—The C. P. was a consolidation (Aug. 22,
1870) of the Central Pacific (organized Oct. 8, 1864), California &
Oregon, San Francisco & Oakland, San Francisco & Alameda and San
$1,352,52G
$323,894
June 1,
....
5 g- J. & J.
F. & A.
7
M. & N.
7
7
Q.-J.
J. & J.
5
M. & N.
6
F. & A.
3
M. & S.
6
M. & S.
4
g.
1
6 g. J.] & J.
7 g. J. & J.
6 g. A. & O.
6
J. & J.
6 g. J. & J.
Various
6
5 g. J. & J.
6 g. J. & J.
6 z
6 g- A. & O.
J. & J.
5
1,127,000
2,000,000
500.000
-
$174,373
720,275
Balance
Def. $239,792 Def. $549,079
—
-(V. 44, p. 117, 211, 551, 633, 712; V. 45. p. 142, 239, 303, 304, 373,
400, 437, 538, 641, 672, 696, 886; V. 46, p. 19 ), 228, 371, 649.)
Central Massachusetts.—Formerly the Massachusetts Central.
Sold in foreclosure Sept. 1, 1883.
Road from Boston to Northampton,
Mass., 104 miles. In Sept., 1886, leased to Boston & Lowell for 99
.years at a rental of 20 per cent of gross earnings up to $1,000,000, but
with a guarantee of sufficient rental to pay interest.—(V. 45, p. 642.)
Central of New Jersey.—(See Map)-Owns 269 miles, leases 264
miles and operates 116 miles ; total, 648 miles, not including the
Switch-back,” 18 miles. The princinal leased lines in Pennsylvania
.are the Lehigh & Susquehanna and the Lehigh <& Lackawanna, with
their branches, &c. Under the lease of 1883 to Philadelphia & Reading
the minimum rental of Lehigh & Susquehanna wa* made $1,414,400
and maximum $1,728,700 till 1888; then $1,885,800 till 1893, and
after that $2,043,000. A majority of the Leliign & Wilkesbarre Coal
Company’s stock is held by Central of New Jersey, and of the
$11,500,000 Lehigh & Wilkesbarre Coal bonds, $6,116,000 aro held
by Central of New Jersey and receive interest after all other bonds
are satisfied.
The entire capital of the American Dock & Improvement
Company is owned by the railroad company, and the right exists to
purchase the bonds by lot at 110.
On June 1, 1883, the road was leased to the Phila. <fc Reading RR.
Co., but on Oct. 15, 1886, Messrs. J. S. Kennedy and Joseph S. Harris
were appointed receivers, and took possession Jan. 1, 1887, remaining
in till Jan., 1888, when the road went back to its owners.
In June, 1887, a plan for complete readjustment of the debt was pro¬
posed, under which the gold mortgage for an authorized amount of
See abstract of mortgage V. 45, p. 402.
$50,000,000 was issued.
Trustee of consolidated and general mortgages is Central Tr. Co. of N. Y.
The full statement of the company’s proposal to each class of debt,
with status, &c., was given In V. 44, p. 714, 716, and the receivers’ re¬
port at length in Y. 46, p. 41.
From Jan. 1 to March 31, 1888, gross earnings were $2,723,975,
against $2.3*6,494 in 1887; net $1,138,195, against $953,081; surplus
over fixed charges $352,498.
Operations for 1887 showed the following earnings and fixed charges
<this is upon the basis of old fixed charges prior to the reduction of
about $335,000 per annum under the recent reorganization):
Increase. Decrease.
Net earnings
Int. on bonds, car trusts,&c
A. & O.
1924
1912
1*2
3,500,000
1,000
1,000
500 &c.
1,000
$1,307,371
earnings
1,970,000
....
1,000
1,000
1885.
Gross
25,883,000
2.725,000
1,000
of Iowa and opened in
1879, after foreclosure
sale under first, mortgage.
The stock is $8,080,800 common; 1st preferred, $881,700, and 2d pre¬
ferred, $1,080,900. First pref. has prior right to 7 per cent (non-cum.);
then 2d pref. entitled to 7 per cent.
In October, 1884, default was made in payment of interest.
In May,
18S7, a new plan of reorganization was made. See V. 44, p. 653. Fore¬
closure sale was made on oept. 17, 1887. of the Eastern Division and
branches; the main line was sold Nov. 9, and the Illinois division was
sold March 17, lbs8. Bonds are deposited with Mercantile Trust Co.
preparatory to reorganization as Iowa Central. Stock pays an assess¬
ment of 5 per cent on 1st pref , 10 on 2d pref. and 15 on common, and
the debt certificates 21s per cent.
(See V. 46, p. 649.)
In Dec*., 18^6, Mr. Ethelbert L. Dudley was appointed receiver.
From Jan. 1 to March 31 in 1888 (3 months) gross earnings were $330,.538, against $340,080 in 1887; net, $32,329, against $65,389.
ends Dec. 31. The income account was as
274,000
6,080,000
....
operated, 513 miles. Chartered as Central RR.
1871. Reorganized under present title June 18,
The fiscal year
28,812,500
5,000,000
1,283,000
4,059,000
5,000,000
1,000
April 1, 1912
O. Last paid April, 1884
D. Last paid June, 1884
Last paid April, 1884
O.
D. ’•a coups, pd. to June,’88
A.
J.
A.
J.
5
612,000
134.000
3,855,370
508,000
7,245,988
2,000,000
18,563,200
1,000
&
&
&
&
6 g.
6
6
6 g.
6
$622,000
$1,000
1,000
187 3, under a
4u0, 472. 613, 743,
$1,086.$113,267.
166,
819, 855; V. 46, p. 37, 38, 199,
Vermont,-This company was organized in April,
It has no road of its own, but
charter from Vermont.
Cousoliuated RR. of Ver¬
operates a large mileage under lease. The
mont was organized July l, 1884, embracing the former Vermont
tral and Vermont & Canada properties, and was then leased to the
Cen¬
Cen¬
Consolidated Vermont is $750,000 pre¬
tral Vermont. The stock of the
ferred
6 per
cent and $300,o00 common.
Central Vermont is $1,000,000.
and it openves
the
following roads: Consol. RR.
Point, 158 miles; Essex June, to Burlington,
Province Line, 11; Rutltnd RR.—Bellows
to
Addison RR.—Leicester June, to Ticonderoga,
The stock of the
under lease
of Vt.—Windsor to Rouse’s
8; Swantoa June, to
Falls
Bid lin^ton, 120;
16; Mon.real & Vt.
Clianably RR. —S. 8. <fc
Junction—Province Line to St. Johns, 26 ; S. 8.
C. June, to Waterloo, 4i; Ogd. & Lake Champlain RR.—Rouse’s Point
to Ogdeusburg, 118; New London <fe Northern RR.—Brattleboro to
BiWlPQRB
INVESTORS’
«8
SUPPLEMENT
[Vor. XLVI.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
explanation of column headings, &c., see notes
on
first page
of tables.
Charlotte Columbia <£ Augusta—( Continued)—
Columbia & Augusta 1st mortgage
...
Consol, mortg., gold (for $3,000.000)
Chatt.Romedk Col.—1st,g. ($2,240,000)$16,000p.m.c*
Chattiers—1st mortgage
c,
Chesapeake dk Nash- 1st in., g.,$25,000 p m. s f...c*
Chesapeake dk Ohio— Purch. money funding bonds...
let mortgage, gold, series “A”
do
do
do “B”
do
do
do
“B,” ext’d at 4 per ct
2d mortgage, cur. (interest in stock or cash)
1st mortgage, gold, of 1911, Peninsula Extension
1st
of 1922 on exten. (for $3,000,000)
mort?,gold,
Equipment trust bonds
- - - Ches. Ohio dk Southwest.—Ut M., g. ($19,000 p. m >. t *
($11,000 per mile)
c'
Paducah & Elizabetht’n, 1st M. ($300,000 are 8s)
Equipment trust bonds for $2,000,000
c*
Cheshire—Stock, preferred
2d mortgage
Bonds, not mortgage
c
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
140
23
35
428
503
428
423
428
75
....
353
351
186
....
64
....
Joliet A Chic., 7 per cent, stock, guar, by C. A A.
8t. Louis Jacksonville A Cliic., 1st M. assumed,
do
1st M. end. by Chic. A Alton
do
do
do
2d M. endorsed by C. & A.,
do
2dM., assumed (conv.) ...
do
La. Sc Mo., 1st M. ($439,100 assumed by C. & A.)
do
2d M. (int.guar. C. & A.)
849
849
322
220
38
150
37
37
150
101
101
do
guar. pref. stock
Sink. fd. bds. for K. C.St.L.A
162
Chicago dk A Iton—Common
stock
Preferred st’ck (7 p. c. y’rly not cumulative)
Gen. mortgage, sterling, for £900,000
New Lordon, 121;
....
C. (istM. as collat)
1865
1883
1887
1871
1^87
1878
1878
1878.
1878
1878
1881
1882
Var.
1881
1881
1877
1882
....
’76-’78
....
....
$189,500
1.000
Nil.
1,000
1,000
1,000
100 Ac.
100 Ac.
100 Ac.
1,000
1,000
100
500 Ac.
100
100
1,000
1,000
....
1878
10.106,289
500.000
1,000
100
....
10,-01,200
142,000
1,37 L.000
6,176.000
2,89.3,000
1,000
1,000
1,000
1862
(?)
500,000
875,000
2,2 37,000
2,000,000
4.073,910
2,000,000
1,000
1873
1864
1864
1868
1868
1870
1877
Outstanding
$--.
1,000
1,000
1,000
1,000
755,000
2,100,000
80O.000
14,112,000
3,479,500
4.379,850
2,383,000
1,500,000
2,365,000
Rate per
Cent.
7
6
5
7
5
6
6
6
4
6
6
6
6
6
6
6 A
6
3
6
2
2
6
7
188,000
44,000
1,785,000
300,000
100
2,417,000
Brattleboro & Whitehall RR.—Brattleboro to London,
derry, 36; Montpelier & White River RR.—Montpelier to Barre, 7; Mis.
sisquoi & Black River RR.—Eastmans to Bolton Centre, 10 ; total, 672 m
Where
Payable
J. A J.
J. A J.
M. A S.
A. A O.
F. A A
J. A J.
A. A O.
M. A N.
M. A N.
J. A J.
A. A O.
J. A D.
Various
F. A A.
F. A A.
F. A A.
J. A J.
J. A J.
J. A J.
g.
g.
g.
g.
gg.
g.
g.
g.
g.
8
New York, 1st Nat. Bk
New York Agency.
New York.
Jan.
Philadelphia, Penn R.R.
Oct.
N. x. Office,Mills
1937
B’ldiug July 1, 1898
July 1, 1903
May, ’87. last pd.i«* cash
July 1, 1908
N.Y., Company’s Office.
do
do
do
do
N.
Q. -M.
June 1, 1922
Various.
Y., 23 Broad Street.
do
do
do
Keene, N. H., Office.
?i
J.ily 1, 198B
July 1, 1918
Jan. 1, 1911
do
do
do
do
do
do
do
Boston, Office.
y N.Y.,JoliuPatonAOo
( and Chic. Treas.Offiee
Q.-M.
J.
J.
g.
1, 1890
July 1, 1933
1, 1901
N.Y.Office,Mills B’lding Aug. 15. 1937
■
329.100
1,000
When
A J. Lond’n,J.S.MorganACo.
A J. N. Y., John Paton A Co.
N. Y. U. S. Trust Co.
lh
Q.-J.
A. A O. N. Y., John Paton A Co.
7
7
A. A O.
do
do
7
do
i J. A J.
do
7
! J. A J.
do
do
7
F. A A.
do
do
7
M. A N.
do
do
do
do
312 I F. A A.
6 g.
do
do
M. A N.
564,000
.1,000
1,000
1,000
1,000
Bonds—Princi
pal,When Due
Payable, and by Stocks—Last
Whom.
Dividend.
INTEREST OR DIVIDENDS.
Amount
|
Aug. 1, 1911
Feb. 1,
Feb. 1,
1911
1897
Yearly to 1892
Jan. 10, 1888
July 1,’96A’98
June 1,
June 1,
1888
1888
July 1, 1903
Jan. 1, 1893
Apr., 1888
April 1.1894
April 1, 1894
July 1, 1898
July 3, 1898
Aug. 1,1900
Nov. 1, 1900
Keb. 1,
1888
May 1, 1903
for cue comn’ete reorganization of th > company an t the completion of
t'lb road to Cincinnati, together with a bridge tlipre over the Ohio
River. This plan was given at length in the Chronicle of February 11,
$4,481,607; net earnings, $1,318,675.’ 1888 (V. 46). "U p ige V. of advertisements, the main features being
iut,., #609,637; real estate purchased, $9,! that the simile*• issues of bonds remain intact; that the “B” bonds
669; balance, $86,835.—(V. 43, p. 274,308; V. 44, p. 433; V. 45, p. 512.> receive two-thirds of their fane in the new 5 per cent bonds and onethird in 1st pref. stock; the currency 6s to receive their face in 2d
Charleston Cincinnati Sc Chicago.—(See Yap.)—This road is M*et
stock; the 1st pref. slock to pay an assessment of $t per share,
bein0, built by the Mass. & 8 mtli. Construction Co. trom Charleston,
2U pref. $6 per share and common $8 per share, all receiving their face
S. C.. through the States of South Carolina, North Carolina. Tennessee.
v id tie, in new*
and
Virginia and Kentucky, to Ashland, on the Ohio River; 45 miles be¬ assessments. stock now also 1st pref. stock for the cash pa d5 on these
The
mortgage will be for $30,000,000 at
per cent
tween Rutberfordton, N. C., and Black Station-. S. C.. on the. R. A D.
(but the reorgan zation trustees may “capitalize” one-tilth of me inter¬
Air Line, were completed and put in operation on April 18, 1887, and
est for twj year*), and $5,000,000. will ho, teserved in the Treasury,
105 miles between Black’s Station, S. C., and Canid* n, S. C.. are under
making the whole fixed charges per year after reorganization about
construction. On Aug. 2, 18»7, the company voted to take up and
$1,300/ 00, with theltne completed into Cincinnati. Tlie new stock will
cancel the bonds issued under a mortgage dated Oct. 1, 1886, and to
be $40,000,000 common, $I2,000,u0u 1st pref. 5 percent and $.2,000,issue the above bonds, covering the whole line of road from Charleston
00<‘ 2d pref. 5 per cent.
to the Ohio River. The counties, towns and townships through which
The annual report for 1887 was in the Chronicle, V. 46, p. 411, con¬
the road runs have already voted aid to the amount of about $1,500,000, payable in their 6 and 7 per cent bonds, in exchange for an equal taining the following:
1885.
1885.
1887.
In 1886-7 gross earnings,
rentals and taxes. $612,5*2 ;
amount of stock. These subscriptions are payable as the road is com¬
pleted. Par of stock, $100. General ollices of the company, 45 Broad
way, New York.—(V. 45, p. 613; V. 46, p. 418.)
Charleston Sc Savannah.—Owns trom Savannah, Ua., to Charles¬
ton Junction, S. C., 104 miles; operates—Ashley River branches, 4 miles;
Charleston Junction to Charleston. 7 miles; total, 115 miles. This was
first the Chari. A Sav. RR.; reorganized in 1866 under name of Savan¬
c
Gross
earnings
Operating expenses
$3,361,235
2,3*4,159
Earnings over oper. expenses
Other receipts
$9o7,0 5
1.557
$9->8,633
Total
Taxes and rentals
91.6 2
$4,451,168
$4,096,048
2.867.981
$1,-^28,066
11.626
3.152,170
$1,298,998
7,081
$1~239,693 $1,306,079
109,22 7
110,878
.
Charleston, and opened March, 1870. Sold in foreclosure June
Balance net earnings
*896,981 $1,130,465 $1,195,201
7,1880. and present company organized.
Stock, $500,600. In addi¬
tion to the gen. mort. bends, there are $1,000,000 1st pref. income 7s -(V. 44. p.90, 91, 344, 465, 551. 781, 808; V. 45, p. 54, 112, 509, 572,
and $1,000,000 2d pref. income 7s. Earnings, gross in 1887, $ 195,762 ; 613, 641, b72, 792; V. 46, p. 171,199,227,254,280,319,353,411,
net over expenses and taxes, $82,610.
H.B. Piaut, President. New York. 448, 481, 537, 610, 649.)
Charlotte Columbia Sc Augusta. — Owns
from Charlotte,
ChesapeakeOliio Sc Southwestern.—Owns from Elizabetlit’wn,
N. C., to Augusta, Ga., 191 miles.
Leases Atl. Tenn. & O. RR., Ky., via. Paducah, to Memphis, Tenn., 352 miles; leased, Cecilian
Charlotte to Statesville, 44 miles ; Clieraw & Chester, 29 miles; branch of Louisville A Nashville, 47 miles.
Total operated, 398 miles.
In Feb., 1886. leas* d to the Newport News A Mississippi Valley Co. for
and Chester & Lenoir, 109 miles. The Charlotte Col. & Aug. was a consoli¬
dation (July 9,1869) of the Charlotte & South Carolina and the Columbia fifty years. The company purchased the Memphis Paducah A Northern
& Augusta. Tlie road lias been under tbe control and management of —Paducah to Memphis—and the Paducah A Elizabethtown, subject to
the Richmond & Danville since 1878, and in May, 18-<6, was leased to the $500,000 mortgage on the latter, and leased in perpetuity the
said company. There were a’so outstanding S. pt. 30, 1887, $90,252 Cecilian Branch of Louisville A Nashville, from Louisville to Cecilian
certificates of indebtedness. None of the new consol, bonds had been Junction, for $60,000 per annum, with option of purchasing it for $1,nah Sc
issued to Nov. 15,1887. From Oct. 1,1887, to Apr. 30, 1888 (7 mos.)
gross earnings were $605,826, against $523,097 in 188L-7: ncr, $3o2,-
781, against $261,480. In year ending Sept. 30, 1887, gross earnings
were $-26,116; net over expenses and taxes, $304.246; surplus over
interest and rentals, $13,'-54. Gross, 1385-80,$785,75H; net, $257,767;
deficit after all int. and rentals, $1,551. Stock, $2,578,000; par. $100.
Chartiers.—Owns from Mansfield, Pa., to Washington, Pa., 23 m.
Bold under foreclosure, and reorganized in 1867. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati & St. Louis; the
rental is net earnings. Gross earnings in 1886. $2 L7,044; net earnings,
$111,258. In 1887 gross $195,863; net, $75,848; surplus over fixed
charges and dividends (5 per ceut). $8,076. Capital stock, $645,300
(par $50), of which Penn. RR. owns $326,350. Dividends in 1887, 5 per
cent; April 2, 18S8. 2*2 per cent.
Chattanooga Rome A: Columbus.—Owns frem Rome to Cedartown, 22 miles; in progress, Chattanooga to Carrollton, 140 miles in
all. This company is successor to the Rome Sc Carndli on RR. There
are 6 per cent income bonds, uon-cuiuul itive. for $ i ,400,000, and stock,
$2,80o,00<>. Of the 1st mortgage bonds $150,000 are held to retire that
amount of R. A C. prior bonds.
J. C. Clements. President.
Chesapeake Sc Nashville.—Road owned from Gallatin to Scotts
ville, Tenu., 36 miles, and branch, Gallatin to Ilart^ville, 12 mites, in
progress. Construction from Scottsville to near Danville, Ky., IOj
miles, is proposed. 8tock, $1,050,out); par, $1.00.
Chesapeake A: Ohio.—Owns from Newport News, Va., to Big Sandy
River, W. Va.,503 miles; Newport News to Phoebus, 8 m.; total owned,
511 m.; operates only 502 m. Consolidation of Virginia Central and
Covington A Ohio, and opened through March 1. 1873. The present
company was
organized in July, 1878, as successor of the Chesapeake
A Ohio, which was sold under foreclosure April 2, 1878.
hi June, ’86,
this road was leased to the Newport News A Miss. Valley Co. for 250 yrs.
The stocks including scrip
outstanding are substantia ly as fol¬
lows: Commou„$15,5u4,205; preferred stock—first, $8,395.00 ; second.
$12,200,000. The second mortgage currency bonds took interest in
cash, if the earnings were sufficient, but “all interest not paid in cash
to be paid in 2d pref. stock.”
The holders of first mortgage “B ” bonds
cannot foreclose till six successive coupons are in default; the series
“A” bonds, secured under the same mortgage, have no legal preference
by it over the* B” bonds.
(See abstracts of the terms of all mortgages
in the Chronicle, V. 45. p. b4.)
From May. ’85, the company paid in cash apart of the coupons on
“B” bonus till Nov., 1887, when it paid nothing on unassented “B”
bonds
In August, 1886. Mr. Huntington issued a circular proposing that the
“B” bonus should have interest reduced to 4 per cent, Ac.. Ac.
On Oct. 28,1887, W. C. Wickham, the Vice-President, was appointed re¬
ceiver of tbe company on a suit by Mr. Huntington.
In February, ls88, Messrs. Drexel, Morgan A Co. issued a new plan
000.000.
Stock—Common, $6,030,600, and preferred, $3,696,000; par,
$H)0.
From Jan. 1 to Mar. 31 in 1838 (3 months), gross earnings were
$477.) 51, against $422,605; net. $ 150,163, against $159,951.
The annual report in V. 46, p. 448. showed the following :
-
earnings
Net earnings
1885.
1886.
$1,571,156
$502,531
Gross
Interest, rentals, taxes, Ac
$1,713,325
63 4,920
674.620
$656,525
def.$l32,389 def. $13,005
-(V. 44, p. 90, 2Li, 344, 750; V. 46, p. 134, 448.)
Balance.
-
‘1837.
$2,001,723
$809,867
713,620
Stir.
$96,247
Cheshire.— Owns from South Ashburnhain, Mass., to
Bellows
Falls, Vt., 54 miles; leased, Monadnock Railroad, Wmchendon to
Peterboro, N H., 16 miles; and 10 miles Vermont A Mass; total 80
miles; but the Monadnock, 16 miles, is not included in the Cheshiro
warnings, leaving 64 miles operated.
$51,000 rental paid to Vt. &
Mass, for leased portion of road. Capital stock—common, $53,300, and
pref., $2,lo0,000. Consolidation with Fitchburg was proposed in ’87 by
exchange of stock. In year coding Sept. 30, 1387, gross receipts
were $670,830 ; net. $168,190; deficit afterpayment of interest and6
per cent dividend , $5,511. In 188 i-86. gross $623,072; net. $234,439;
surplus over interest, rentals and 5 per cent dividend on preferred
stock $29,711. against $45,410 in 1884-85 over a 3 per ceut dividend.
—(V. 45, p. 672, 820.)
Chicago Sc Alton.—Line of Road—Joliet to East St. Louis
(main), 244 miles; Branches—To Coal City, 30 miles; Dwight to
Washington A Lae’n, 80 miles; Roodirouse to Louisiana, 38 miles,;
Upper Alton line, 8 miles. Total owned. 400 miles.
Leased—-Chicago
to Joliet, 37 miles; Bloomington to Godfrey, 150 miles; Louisiana
to Cedar City, 101 miles;,Kansas City to Mexico, 162 miles.
Total
leased, 450 milos. Total operated, Dec. 31, 1887, 849 miles.
Organization, Leases, Stocks and Bonds.—Chartered as the Chic.
A Miss., Feb. 27, 1847; reorganized under act of Jan. 21, 1857. as
Chic. Alton St. A Louis, and under act of Feb. 16, 1861, tbe present
corporation succeeded to the property, which was sold under fore¬
closure in the following year and transferred to new organization in
October, 1862. Fiscal year ends December 31.
The annual meeting
is held the first Monday in April.
Tlie Joliet A Chicago is leased from January 1,
1864, for the
term of its charter, and forms part of the main line.
Rental, 7 p. c.
an
stock. The Louisiana A Missouri River RR. is leased for 1,000 years.
Rental, 35 p. c. of gross earnings, but inteiest guaranteed on second
on
mortg. bonds and $329,100 pref. stock; tlie other pref. stock is $1,010.000 and common $2,272.7oo; rental in 1837, $200,716; surplus above
charges, $50,733, applied to floating debt; floating debt unpaid Jan. 1,
1888, $77,619. (See V. 46, p. 320.) The Kan. City St. Louis A Chic, is
leased to the Chicago A Alton company in perpetuity from Novem-
EAILEOAD STOCKS AND BONDS.
Mat, 1888.J
99
HI
City.
[X**
\t>
M
ar'oa
Seymour
\pa.
ArtJ
ion
VV
Cov'^>
)
Mitchell
OHIO
.,vA)UTg
sS*
Buekhannon
Madison*
-Masoi^J
/Maysvilltr^^
^Morgan
Jeffers,°U\
aV*1^
/«
'Jf
(|jr
'LubarKV1
Jy\N>Bai-clstown
Jt^v-^KlizaJjotli T.
^
C
Munfords
Bowling
.Lebanon^
J
V.
N
c!
Uicimiond
\\\c
y_/l
&
***»
Sonoo-sc.;
J5London “
1
\^tLh
Memphis Jc.
Crocketts
i,,
v
Vf
Mt.
1
nO-
3
C'°
\v
J MkeviJ]
Cumberland j
\ ^
^
.J
.
,
™
Pleasant^^
Gallatin
o
.•
Glen
Bo bantu;
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MAP OF
CHARLESTON, CINCINNATI
AND
\>
Branehvilb}0—^?.
41 Mile T. 0._
4
Louisville
.
CHARLEsj^
Mac^
CHICAGO
RAILROAD AND CONNECTIONS.
SAVANNi
2
INVESTORS’
30
Subscribers will confer a great
on
first page
see notes
of tables.
Miles
Date
of
of
Road. Bonds
Chicago dt Alton—(Continued)—
North Cross R. R. 2d. M (now 1st), g.,s.f.,$50,000
Trust mortgage (Burlington to Peoria)
cv
Plain bonds
c*
Sink. fd. bonds (for Albia Kiioxv. A D. M. road).c*
Nebraska ext., $20,000 p. m. (s. f. not dr.).. c\tr.
Dixon Peoria A Hannibal, 1st M
e*
Ottawa Oswego A Fox River, 1st M
c*
Illinois Grand Trunk, 1st mort., $20,000 p. m..c*
Quincy A Warsaw. 1st mort
c*
S. fund b’ds, not dr’n (St. L. R. I. A C. M. collatj.c*
Quincy Alton A St. L. (leased), 1st mortgage... cv
Burl.AMo. Riv., 1st inort. (cum. s. f., not dr’n) c*
do
1st M. couv. bonds, (5tli A 6th series). .0*
Bun. AMo.RR. in Neb. cous.M.l.gr.,s.f.dr’nat 100
Omaha A S.W., 1st M., guar, (drawn at 100)
0*
Burl. A Mo.RR.inNeb., s. f. for At. ANeb.RR.stock
Nebraska Railway consol, mort., guar
c*
Par
Value.
1,6*0*0
1,000
1,000
18*86
100
500 Ac.
1886
1888
1,00J
1,000
1*873
1,000
1,000
1,000
1,000
1,000
1*8*9
l66
1883
1860
96
*33
**45
70
48
40
270
46
281
40
628
49
1*3*3
100
130@146; in 1883,140@150; in 1884, 142@152; in 1885, 1473155; in
1886, 1503162; in 1887, 1553164; iu 1888 to May 18, inclusive, 158
@165. Common in 1881, 1273150; in 1882, 127^314512; in 1883, 128
@13714; in 1884, 118314014; in 1885, 1283140; in 1886, 1383146;
in 1887, 1303155; in 1888 to May 18, inclusive, 13531401a.
Dividends were as follows : prior to the current year : In 1377, both
stocks, 7*2; in 1878, both 7; in 1870, preferred 7, common 6 ; in 1830,
pref. 7, com. 6*2; in 1881 both 8; in 1882 both 8 ; in 1883 both 8; in
1884, both 10; in 1885, 1886 and 1387, 8.
Operations and Finances.—The Chicago A Alton road has been par¬
ticularly strong in having a largfc local business between Chicago and
St. Louis, so that it was less dependent on through business, which is
done at competitive rates. Its leased lines are as completely controlled
as if owned, and the system is compact.
Operations, earnings, Ac., have been as follows for four years past.
Fiscal year ends Dec. 31. Annual report for 1837 was in V. 46, p. 283.
INCOME ACCOUNT.
1831.
Gross earnings
P. cf. of op. exp. to earn.
Net earnings
Other receipts
.
Total
Dishursemen Is—
Rentals paid
Construct’n, equip., Ac.
Interest on debt
Dividends
Miscellaneous
1885.
$
8,709.274
$
7,993.169
1886.
$
8.060,639
1837.
$
8,911,386
58*94
5770
57*70
58*94
3,575,484
3,38-9,322
3,409,684
3,671,183
278,818
272,845
282,654-
269,239
3,854,302
3,653,167
3,692,338
$
$
$
823,565
704,473
292,221
770,683
1,646.810
88,263
380,702
839,307
1,409. 50
93,854
701.777
251134
836.3-1
1,407,224
102,116
3,940,422
$
710,608
657,444
831,031
1,407,644
92,672
Total disbursements.. 3,621, ,72
3*301*632 3,(599,399
3,42 8,086
390.706
232,730
241,023
225,181
Balance, surplus
-(V. 44. p. 275, 307, 32 7; V. 45, p, 25, 304; V. 46, p. 254, 272, *>S8,
320 (L. A Mo. Riv.).
.
Chicago & Atlantic.—Opened May 14, 1883, from Marion, O., on
line of N. Y. Pa. & O., to Hammond, 1ml., 249 miles, and thence over
the Chicago & West. Ind. to Chicago, IP miles. Built as a connecting line
for N. Y. P. A O. and N. Y. L. E. A \\\, and both these companies guaran¬
teed the gross earnings on business over their roads to and from the
Chic. & Atlantic, as security for interest on the bonds. Stock, $10,u00,000, of which $9,000,000 was deposited with H. J. Jewett (then President
of N. Y. L. E. & \Y\), in trust to hold and vote on it. On Nov. 1,1884, the
interest due on 1st mort. bonds was defaulted. The 2d mortgage bonds
were
largely pledged for N. Y. Lake E. A W. loans, partly to Grant A
Ward. In Feb., 1886, suit was brought by the Farmers’ L. A T. Co. to
foreclose the first mortgage.
An outline of proposed plan and arrange¬
ment with Erie was in Chronicle of March 19,1887, V. 44, p. 369, bj*
which arrangem’t the new issue of bonds will be $12,000,000, bearing 4 p.
cent for 5 years, 5 per cent thereafter, gold, guaranteed by N. V. L. E. A
W., and $100,000 only of stoek to be held by that company ; there will
also be $10,000,000 of 5 per cent nou-cumulatlve income bonds.
In the
year ending dune 30, 1887, gross earnings were $1,992,544; net over
expenses and taxes $511,687; deficit under rentals and all interest,
$81,236. (V. 44, p. 21, 173, 343, 369; V. 46,p. 537, 649.)
Chicago Burlington Ac Northern.—Owns rroin Oregon, Ill.,
to8t. Paul, Minn.,318 m.,and track from Fulton to Savanna, III., Ac.; total
365 miles. The road was completed Aug., 1886, under Chicago B. A Q.
auspices, as per circular of August 1, 1885 (in Chronicle, V. 41, p.
160). The Chic. B. A Q. and Chic. A Iowa give a traffic guarantee for
twenty years of one-half of tlieir net earnings derived from business to
and from the C. B. A N., to be not less than $100,000 per year, for the
purchase of C. B. A N. bonds at 105; and after 1896 the bonds may all
be retired at 105. Any 2 l mort. issue l must be limited to $10,000- per
mile* and shall provide that, out of the bunds issued thereunder, an
amount equal to the principal <»f the debentures then outstanding
shall be reserved and applied only to their pay me. ut.
From Jan. 1 to
Mar. 31 in 1888 (3 months) gross earnings were $317,282, against $621,503 in 18S7; net $82, against $185,843.
Tn 1887 gross earnings were
$2,276,199; net income, $480,628; rental and interest, $646,501;
deficit, $165,873. (V. 43, p. 125, 217, 308, 334, 516, 619; V. 45, p.
210, 436; V. 46, p. 227, 254 )
itncago Burlington & quincy, —Line of Road—TI13 C. B. A
Q. is one of the most complex railroad systems in the U. 8. It has a net¬
B.),
Rate per
Cent.
$1,750,000
300,000
595,000
6,500,000
2,500,000
9,000,000
9,000,000
2,250,000
940,000
76,392,505
13,986,000
12,094,000
7,968,000
4,300,000
1864
1*00*0
1872
1,000
1875
1,000
1887 1,000Ac
1869
500 Ac.
1870
1,000
1870
500AC.
1870
1,000
1876
1,000
1876
1,000
1863
50 Ac.
’69-’70 500 Ac.
1878
600 Ac.
1871
1,000
1880
1,000
1877
1,000
ber 1,1877. at a rental of 35 per cent of gross earnings. The bonds are
held by U 8. Trust Company as security for the Chicago & Alton
bonds of 1878 issued to build this road, and a sinking fund of
$60,000 per annum provided for their redemption. Should the 35 per
cent be more than sufficient to pay bond interest and 7 per cent on
the stock, the excess is to go to the lessees. Common stock, $271,700,
all owned by C. A A. The Mississippi River Bridge is leased in per¬
petuity from'December 3, 1877, at a rental equal to 7 per cent on $300,000 stock and 6 per cent on $700,000 bonds.
The Chic. A Alton preferred stock has prior right to a non-cumulative
dividend not exceeding 7 per ct. from net earnings, and (after payment
of 7 on common) also shares with common in any surplus.
Prices of
stock have been as follows: Preferred in 1881, 140S153; in 1882,
Amount
Outstanding
1881
1883
1879
1881
1881
Bonds—Prinol *
pal,When Due*
Where Payable, and by
Stocks—Last
INTEREST OR DIVIDENDS.
or
187*7
Miss. Riv. B’ge, 1st M.,assumed, g.,s.f. dr’n at 100
249
Chicago dt Atlantic—1st mort., gold, $ or £
249
2d mortgage (for $5,000,000)
365
Chicago Burlington dt Northern.—Stock
365
1stM.red. at 105 after Apl. 1,’96 ($25,000 p.m.)c*
Ten-year debentures
c*
Equip, b’ds,red. at 105; after’9310p.c. dr. yearly.
4,693
Chicago Burlington dt Quincy—Stock...
Consolidated mortgage (for $30,000,000)
c* 825
790
Trust mort. Iowa, dr. at 100 A105 (s.f. 1*2 p.c.).c«fcr
Bonds Denver extern, d awn at 1('0 (s. f. 1 p. c-)c'
Bonds forBur. A S.W., drawn at 100 (s. f. 1 p. c.).c*
Debenture bonds for Han. A St. Jo. stoek
c*
Size,
$100
Preferred stock, K. C. St. L. & 0., guar. C. A A—
Mississippi Riv. Bridge st’k (7 p. c. guar, by C. AA.)
Receipts—
[Vol. XLvr.
favor by giving immediate notice of any eaor discovered in these Tables*
DESCRIPTION.
^or explanation of column headings, Ac.,
SUPPLEMENT
9,000,157
341,000
653,000
1*2
3*2
When
Payable
Whom.
Dividend.
N. Y., John Paton & Co.
J. Chic., Treasurer’s Office
O. N. Y., John Paton A Co.
N. Last paid May 1, 1884
A.
None paid.
Q.—F.
J.
&
A. A
M. &
F. A
6
6 g.
6g.
May 1, 1888
Jan., 1888
Oct. 1,
Nov. 1,
Aug.
1912
1920
1,1923
-v
5*‘* A.* AO. N.Y.,F.L.'&T.Co.A Bost. April 1, 1926
6
7
1
7
4A 5
4
4
5
547.500
378,000
19,850,000
545.500
1,076.000
890.500
720,000
2,316,000
840,000
4,170,550
218.500
12,858,000
669.000
3,347,000
385,000
Q.—M.
lg7
5
4
8
8
8
8
5
5
7
8
6
8
4
7
do
J. A D.
F. A A.
&
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A. A
J. A
J. A
J. A
J. A
J.
O.
A.
S.
N.
J.
O.
J.
D.
N.
J.
J.
O.
J.
O.
A.
O
J.
J.
D.
J.
A. A 0.
J.
A.
F.
M.
M.
J.
A.
J.
J.
M.
J.
J.
A.
J.
A.
F.
do
Dec. 1, 1896
Feb. 1. 1903
June 15,1888
Boston, Chic. A N. Y.
N. Y.,Bk. of Com. ABost.
do
do
do
do
do
do
do
do
Frankfort, Germany.
N.Y., Bk.of Com.ABost.
do
do
Boston, Co.’s office.
N.Y., Bk. of Com. AB03
July 1,
Oct. 1,
Feb. 1,
Sept. 1,
May 1,
July 1,
Oct. 1,
1903
1919
1922
1921
1913
1890
1890
Jan. 1,
June 1,
1896
1895
May 1, 1927
July 1, 1889
July 1, 1900
Oct. 1, 1890
Boston, Co’s Office.
N.Y., F. L. AT.Co. A Bost. July 1. 1890
N.Y..B)r.of Com. ABost. Oct. 1, 1901
N.Y.,F.L.A T.Co.&Bost. Feb. 1, 1896
do
do
N.Y. F.L.& T.Co.A Bost.
do
do
Boston, Co’s Office.
Oct. 1, 18931889 A 1894
Boston, Bk. of Com’ree.
Boston, Co.’s Office.
Boston, Bk. of Coiu’rce
Boston, Co.’s Office.
July 1, 1918
work of lines in Ill., Iowa and Neb.
Ill., to Burlington, Iowa, 204 miles,
June 1,
Jan. 1,
Oct.
1,
1896
1910'
1896
The main line extends from Chic,
and thence to Pacific Junction, 276
miles, and from Pacific Junction to Denver. Col., 577 miles,making the
distance from Chicago to Denver 1,057 miles. From Pacific Junction,
to Council Bluffs is 18 miles (track used jointly with K. C. St. Jo. A C.
making the C. B. AQ. line, Chicago to Council Bluffs, 498 miles.
The Extens. to Denver was opened May, 1882, Besides numerous local
roads the company also has its line in Illinois to East St. Louis, and to
Quincy, connecting with the Hannibal A St. Joseph road (purchased by
C. B. A Q. in 1883) across Missouri to St. Joseph. The mileage reported
at the close of 1887 was 4,693, of which 122 miles were leased or oper¬
ated with other companies.
In addition to this the company con¬
trols and largely owns the St. Louis Keokuk A N. W. road, 181*2 miles ;
the Kansas City St. Joseph A Council Bluffs, 313 miles; the Chicago
Burlington A Kansas City, 153 miles; the St. Joseph A Des Moines, 50
miles; and a half-interest with Wabash in the Humeston A Shenandoah*
113 miles.
The allied road to St. Paul is the Chic. Bur. A Northern.
In
September, 1887, the Denver Utah A Pacific (narrow gauge), 43 uiiles^
Denver to Lyons, Col., was purchased.
Organization, Ac.—The C. B. A Q. was a consolidation in 1856 of the
Chic. A Aurora and the Cent. Military .Track railroads, and purchased
in lS60the Northern Cross IiR. and in 1862 the Peoria A Oqiiawka road.
The present company was a consolidation in January, 1875, of the
Chicago Burlington A Quincy in Illinois and the.Burlington A Missouri
River in Iowa.
In 1880 the Burlington A Missouri in Nebraska
was
absorbed.
The leased lines are practically owned and there
is no charge for rentals in the income account, except as interest on
bonds. The ownership in the other roads, above-mentioned is in the
stocks and bonds thereof, and their accounts are kept separate.
In
In August, 1885, the agreement was made with the Chic. Bur. A No.
for the line to St. Paul, and the Chic. B. A Q. owns $3,000,000 of the
stoek of that comptuy;. see circular in
ends Dec. 31. Annual election in April.
V. 41, p. 160.
The fiscal year-
rapidly increased for the
of 20 per cent in
stock was
9 per cent; in
1878, 10*2; iu 1879,8; in.1880, 9M cash and 20 stoek; in 1881. ic
1882,.in 1883, iu 1884, in 1885, in 1886 and 1887, 8 paid. The prices of
stock have been: In 1881, 1331e^>1821^; iu 1882, 1201c@141; in 1883,
115%@129ys; in 1884, 107@127%; in 1885, 11-5^2)133*3: 91 18^6,
1233*@141; in 1887,12378@156; in 1886 to May 18, incl., 112 & 130*2
The C. B. A Q. on many of its. branch lines gave a traffic guarantee of
40 to 50 per cent, which was used in purchasing their bonds. The
Kansas City St. Joseph A Council Bluff’s and branches was purc hased
(254 miles), and the Chic. Burl. A Q. stock issued therefor at $125 per
share, taking the St. Jo. stock at $72 50 per share. Enough of the C. B.
A Q. consolidated mortgage is reserved to take up prior debts.
The
bonds of 1876 are secured by mortgage bonds of like amount on St.
Louis Rock Island A Chicago road deposited with trustees. The collateral
trust Nebraska extension bonds of \37 (New Eng’d Tr. Co., of Mass., trus¬
tee,) arc issued at $20,000 per mile for single track and $10.0o0 per mile
additional for second tra *k. S *,e abstract of 111 >rtg. iu V. 45, p. 441.
Sum total of all sinking funds Dec. 31, 1887, excluding holdings of
bonds canceled, was $10,804,491; canceled bonds iu sinking funds
Stocks and Bonds.—The stock has been
new lines,, and in 1880 a distribution
made. Dividends have been:
In 1877,
acquisition of
cost$2,622,714.
Many of the bonds are redeemable (may be drawn) before maturity at
various prices, plus accrued interest, as above stated iu tue dable. The
Bur. A Mo. iu Nebraska 6s. due 1918, are redeemable at. 100, but thi3
for the “ exempt” bonds applies only after 1903.
Land Grant.—In Iowa only 6,500 acres remain unsold, and the con¬
tracts. Ac., outstanding Dec. 31, ’87, were for $312,600, principal andint.
Iu Nebraska the net sales for the year 1837 were 3,337 acres, for $29,404. Contracts, principal and int., on haud, $1,618,447; unsold lands*
77,500 acres, estimated at $4 per acre, $310,000.
Operations and Finances.—The Chicago Burlington A Quincy Rail¬
road has been one of the most profitable iu the country, as its numerous
branches tributary to the main line were built into choice agricultural
territory, where they enjoyed a monopoly of the local business at full
rates.
From Jan. 1 to Mar. 31 in 1838 (3 1110s.) gross earnings were $4,569,001,
against $6,735,302 in 1S37 ; uet, $720,475, against $3,356,197.
The annual report for 1887 was published in the Chronicle, V. 46,
(p. 478). Comparative statistics for four years are as follows :
1837.
113
1886.
3,914
122
3,6*7
4,036
4,693
1884.
Miles ow’d andleas’d
Miles o-per’d jointly.
Total
operated..
1885.
3,369
3,534
98
3,467
4,571
122
FISCAL RESULTS.
1884.
$
1885.
$
Earnings—
Passenger
Freight
Mail, express,Ac..
18.514.432
5,286,407
19,565,854
1,629,315
Total gross earnings
Oper. exp. A taxes..
Net earnings
P.C\ of op.ex. to earn
1886.
$
5,63 1,261
1887.
1,704,161
19,367,935
1,727,212
6,629.859
18,675,655
2,270,564
25,483,(513
26,556,425
26,723,408
27,576.078
14,090,745
14,405,763 14,491,633
16,097,913-
11,392.863
55 J
12,150.657
51*25
12,230.725
11,478,165-
5,339,806
51*22
58*38
Mat,
RAILROAD
1888.]
Subscribers will confer a
great favor by giving
explanation of column headings,
on
Chicago
lirst page
Burlington <£
of tables.
Quincy—(Continued)—
Nod. audTark Val. RRs. (dr. at 100) c*
A Shenand. RR 1st M.,$20,000 p. m..
Chicago & Canada Southern—1st M., gold, s. f
^7hie. <£ East. III.—Stock, new
Pref. stock, 0 percent
IstM., is. f. $20,000 after '85, no drawings). ..c*
Consol, mort., gold (for $0,000,000) s. f..
c*
1st Ms. on
Humeston
Collateral trust bonds, sinking fund
C. A E. Ill. Extension. 1st mortgage
General consol, mortgage
Dan. A Grape Creek RR.—1st mortgage
Strawn A Ind. State Line bonds, guar., s. f
•Chicago & Or. Trunk—IstM., $ A £ ($556,000
cy
o*
cAr
c*
c*
Size,
Par
Value.
Outstanding
1879
1878
1880
1877
1880
1881
1872
$1,000
$1,078,000
*15
277
7
13
330
330
66
10
res’d)
2d mort
Northwest. Grand Trunk, 1st mort
Chicago & Great Western—1st mort., gold
c*
$4,000,000, gold
c* 145
Chic. (£ Indiana Coal—1st M. ($25,000 p.m.)
c*
5,670
Chicago Milwaukee & St. Paul^-Com. stock
5,670
Preferred st’ek (7 p.c. y’rly, not cumulative)
Consol.M.(for $35,000,000) conv. into pref. st'k.c* 1,435
370
1st M. f Lacrosse Div.), convert, into pref. st’k.c*
2d mort., lor
1st mort. (Ia. & M.)
c*
1st mortgage (Minnesota Central)
c*
1st M. (Iowa A Dakota), conv. into pref. stock.c*
1st M., I. AD. Ext. ($15,000 p.m.)conv. into pf.st’kc*
1st M. (Prairie du Chien)
c*i
2d M. (Prairie du Chien), conv. into pref. st’k.c*
230
49
126
234
195
195
or
1,125,000
600,000
5,000,000
671,000
2,684,000
2,541,000
100
Receipts—
lOOAc.
..
,
Interest and exch..
Net B. A M. I’d gr’t..
Total income
2,703,000
400,000
112,000
2,518,000
121,000
150,000
5,444,000
6 g.
6 g.
A.
1,000
1,000
500 Ac.
1,000
1,060
1886
1,000
100
100
1875
1,000
1363
1,000
1867
1864
1869
1878
1868
1868
1.000
1,000
1,000
1,000
1,000
1,000
11,473,165
615,342
859,055
985,796
846,771
567,083
13,089,228
13,728,885
13,698,838
12,901,303
$
139,604
187,171
4,304,284
5,566.580
4,294,263
6,110,572
Disbu rsem ents—
•Rentals paid
Interest on debt
Dividends
Rate of dividends...
Carried to sink’ir f’d.
Carried to reuew’l f’d
8
646,430
500,000
1,000,000
$
198,168
4,587,762
6,111.064
8
8
938,064
153,215
4,391,004
6,110,722
>
8
670,295
1,000,000
500,154
11,443,532 12.233,436 12,325,236 11,397,148
1,507,155
1,373,602
1,490,449
1,640,696
Balance,surplus....
-(V. 44, p. 59, 90, 211, 343, 415, 432, 466, 518, 525 ; V. 45. p. 52, 210,
373, 441, 575. 792; V. 46, p. 133, 241. 254, 255, 4 78, 481.)
Total disbursements
Southern.—Owns from Grosse Isle, Midi., to
Fayette, O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore A Michigan So. It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, with a large amoun t of overdue cou¬
pons. It is a part of a projected line between Chicago and Detroit
River, but failed in 1873. On October 23, 1886, a suit in foreclosure
was begun, and road to be sold Aug. 8, 1888.
(V. 43, p. 515; V. 46, p.
Chicago Sc Canada
289, 413.)
Illinois.—Owns from Dolton, III., to Dan¬
ville, 111., 107% miles; Covington, Ind., to Coal Creek, Ind.. 9 miles;
Danville to Iuscola, 50 miles; uses track C. A W. I., 17 miles; Welling¬
ton Junction to Cissna Park, 13 miles; Evansville Terre Haute A C. RR.,
Terre Haute to Danville, Ill., 55 miles; Otter Crock to Brazil, Ind., 13
miles ; Danville, Ill., to Covington, Ind., use of track, 13 miles; total op¬
Chicago Sc Eastern
erated, 278 miles.
The Chicago A
East Illinois was chartered as Chicago Danville A
Vincennes iii 1865, and opened in 1872 and 1873. Sold under foreclos¬
ure Feb. 7, 1877, and reorganized under existing style Sept. 1,1877.
Under tlio terms of leases the C. A E. Ill. guarantees interest on $1,515,000 bonds of leased roads. There are $04,000 of 2d mort. incomes, due
1907, yet.
out.
April, 1887, a sale was made of nearly the whole stock of this com¬
pany at 110 to parties interested in the Chic. A Ind. Coal R’y (see V. 41,
p. 458>, and in Nov., 1887, a consolidation was made witii the several
branches. In Jan.. 1888, holders of $3,0U0,000 old common stock ex¬
changed this for $3,OuO,000 new common stock and $3,OoO,000 pre¬
6,000,000
556,000
4,000,000
1,000,000
3,689,000
39,680,361
21,596,900
11.486.000
5,223,000
3,198,000
123,000
541,000
3,505,000
3,674,000
1,241,000
6
5
6
6
6 g.
5
6
5 g.
5 g.
5
2%
3%
7
7
7
7
7
7
8
7-3
Stocks—Last
Dividend.
Jan. 1, 1919
Mar. 1, 1908
Jan. 1, 1910
Jan. 1, 1907
June 1, 1920
Mar. 31, 1911
April 1, 1902
Jane 1, 1888
New York.
D. N. Y.,4thNat.Bk. A Bost. Deo. 1, 1907
O. N. Y., Central Trust Co. Oct. 1, 1934
Feb. 1, 1912
do
do
A.
D. New York. 4th Nat. Bk. Dec. 1, 1931
Nov. 1, 1937
N. N. Y., Cent. Trust Co.
N. Boston, Globe Nat. Bk. Mav 1. 1920
A J. N. Y.. Central Trust Co. Oct. 1, 1921
A J. New York and London. Jan. 1, 1900
Jan., 1922
do
do
A J.
A J. N.Y., E.P.Beach.B’way. Jan. 1, 1910
June 1,1936
New York, Office.
AD.
June 1,1936
do
do
AD.
Jau. 1, 1936
N. Y.. Met. Trust Co.
A J.
A O.IN. Y., Office 42 Wall St. April 23, 1888
April 23, 1888
do
do
A 0.
do
do
July 1, 1905
A J.
do
do
Jan., 1893
A J.
do
do
July, 1897
A J.
1894
do
do
A J.
1899
do
do
A J.
do
do
July 1, 1908
A J.
1898
do
do
A A.
1893
do
do
A A.
Q.-M.
1,000
1,000
1,000
£100 Ac
J. Boston, Bk. of Com’rce.
do
do
S.
Boston. Co.’s Office.
J.
J. Boston, 2d Nat. Bank.
D.
A. A O.
J.
592.432
$
7 g.
1%
l,000Ac
1,000
Whom.
..........
-
pal,When Due.
Payable, and by
4
6
$
%
7
A
A
A
A
A
Where
rr
3.000.000
12,236,725
$
J
M.
J.
J.
J.
100 Ac.
12,150,657
$
6
7
7
7
When
Payable
3,000,000
1877
1884
1887
1881
1887
1880
1881
1880
1882
1880
1S86
11,392,868
566,769
1,129,591
$
Rate per
Cent.
3,000,000
lOOAc.
1837.
$
1886.
1885.
Amount
1,000
.
INCOME ACCOUNT.
Net earnings
INTEREST OR DIVIDENDS.
Date
of
Bonds
148
146
73
274
62
113
67
278
371
116
208
&c., see notes
31
BONDS
immediate notice of any error discovered In tliese Tables.
Bonds—Prinoi
Miles
of
Road.
Repub. Valley RR. (drawn at 100) s. f., $14,000.e
Atchison & Nebraska. 1st mortgage
cv
Lincoln A No* w’nRR. bonds, s. f. 1 p.c.. not drawn.
Kansas City St. Jo. & C. Bl., mortgage
c*
1884.
AND
*
DESCRIPTION.
For
STOCKS
F.
J.
M.
M.
J.
J.
J.
J.
J.
J.
J.
A.
A.
J.
J.
J.
J.
J.
J.
F.
F.
A
A
A
A
A
A
Chicago Milwaukee Sc St. Paul.—(See Map.)—Line of Road.—
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 Mil¬
waukee, 85 miles; Milwaukee to St. Paul and Minneapolis, via La Crosse,
341mile8; Milwaukee to Prairie du Chien, 194 miles; McGregor (oppo¬
site Prairie du Chien) to Chamberlain, Dak., on the Missouri River, 442
miles; Chicago, via Savanna, on the Mississippi River, to Council Buffs,
la., 487 miles; Mariou, Ia. (neur Cedar Rapids) to Kansas City, 305
miles; Minneapolis to Aberdeen, DaK., 288 miles. On Dec. 31, 1887,
the mileage in Illinois was 316; in Wisconsin, 1,305; in Iowa, 1,573;
In Minnesota, 1,120; in Missouri, 140; in Dakota, 1,215.
Total miles
operated, 5,670. On Nov. 1, 1887, the line to Kansas City was opened.
Organization, Ac.—The Milw. A St. Paul RR. Co. was organized May
5, 1863, and embraced a number of other companies, including the Mil¬
waukee A Miss., the Prairie du Chien, the Lacrosse A Milwaukee, and
otuers. The Milwaukee A St. Paul afterward purchased the St. Paul A
Chicago Road and others, aud built the line from Milwaukee to Chicago,
and on February 11, 1874, the company took its present name. The
The fiscal year ends Dec. 31. The annual meeting is held early in Jnne
The company
Stocks and Bonds.—The preferred stock has a prior right over the
stock to a dividend of not over 7 p. c. from net earnings in
each year, but if not earned it has no cumulative right. If a
was earned in any year.aud not paid, there might he a claim on
years for such dividend.
After payment of 7 on
on com.,
both classes share pro rata. Dividends paid since 1873 have been as
follows (prior to current year): In 1874, 7 on preferred
bonds; in 1875 no dividend; in 1876, 3% cash on preferred and
per
cent in bonds; iu 1877, 3% on preferred; iu 1878, 10% on preferred; in
1879, 2% on common and 7 on preferred; in
1884, 7 on both; in 1885, 4 on common and 7 on preferred; in
in 1887, 5 on common ami 7 on preferred.
The range in prices ot stocks since 1877 have been: Pref. in
common
dividend
pref. and 7
future
paid in consol,
14
1880,1881,1882, 1883 and
1886 and
1878, 64®
84%; in 1879, 74%®102%: in 1880, 99®124%; in 1881, 116%®140; in
1882, 114%®144%; in 1883, 115®122%; in 1884, 95%®119: in 1885,
102a>125; in 1886, 116® 125%; in 1887, 110®127l4; in 1888 to May
X8. inch,
1093*117.
Common—In 1878. 27%®54%; in 1879,
343s®
82%; iu 1880, 66%®114%; in 1881, 101%®129%; iu 1882, 96%®
128%; in 1883. 91%®108%; in %884, 58%®94%; in 1885,67378;
in 1886, 82%399; in 1887,69%®95; in 1888 to May 18,incl.,73%®78.
An abstract of the terms of some of the principal mortgages was pub¬
lished in the Chronicle, V. 45, pp. 85, 114, 144 and 212.
Of the consolidated mortgage bonds of 1875, enough were reserved to
be stamped and discharged
Paul A Chicago, the Chicago
A Milwaukee, the Consolidated, the Lacrosse Div., the Iowa A Dakota,
the
A
Extension, the Prairie du Chien 2ds,
Iowa
Dakota
and the Iowa A Minn. Div. bonds are convertible
into preferred
ferred stock.
Common stock authorized, $5,000,000. See Chronicle, stock. The terminal bonds issued in 1884 are secured by mortgage on
V. 46, p. 134, for complete status as given in the applications to the the terminal property in Chicago aud Milwaukee, subject to the lieu
of the general mortgage on part of the track aud terminals iu these
Stock Exchange.
The general consolidated mortgage of 1887 (Trustee, Central Trust cities; but it covers also property quite detached which cost about
Co.) provides for the retirement of $8,000,000 prior bonds and for i-sue $3,000,000 acquired some time after the general mort. was made; also
of bonds on new road at $18,000 per mile for single track, $7,000 per property to be acquired as needed to amount of $3,600,000 and
mile additional for equipment and $8,00 J per mile for double track.
depot in Milwaukee costing $1,000,000. Tho Income bonds of 1886
For the year 1887, gross income was $2,071,604; net (approximate), are for ail authorized issue of $5,600,000, and are convertible into
$818,601. * II. II. Porter, prest., Chicago. <V. 44, p. 433, 458, 553; V. common stock, on notice, 60 days after any dividend day. They
45, p. 142, 304, 340, 472, 508, 642, 767; V. 46, p. 102, 133, 134, 135, have a sinking fund of 4 per cent, beginning in 1889, and may
be drawn at 105. After ’88, if a majority of the bondholders so request,
171, 172, 227.)
a 2d mortgage shall be
made on' the line, Chicago to Kansas City,
Chicago Sc Grand Trunk.—Line of road from Port Huron, Mich., and a liist on tho Mo. River bridge and terminals in Kansas City.
to Chicago, 330% miles; also uses 4% miles of Chicago A West. Indiana In addition to above bonds there are $89,000 Hastings A Dak. 7s, duo
and 4 miles Grand Trunk Junction RR.; total operated, 339 miles. This in 1902; also $275,OoO 5 per cent real estate mortgages due in 1890
is a consolidation of roads between Port Huron and Chicago formed in and 1894.
April, 1880, under the control of the Grand Trunk of Canada. Stock,
Operations, Finances, Ac.—Tho mileage and also the stock and debt
$6,600,000 in $100 shares. The Grand Trunk of Canada gives a tratlic of this company increased very rapidly in six years, the miles owned
guarantee of 30 per cent of gross earnings, and takes up the bonds for being 2,359 on January 1, 1880, against 5,298 on January 1, 1887, and
which its 4 per cent debenture stock is issued. Gross earnings from Jan.
the stock and bonded debt, in round figures, $69,000,000 on January 1,
1 to Mar. 31 iu 1888 (3 months) were £158.466, against £162,601
1880,
in 1887: net, £35,499, against £38,136.
In 1887, gross receipts, nual against $180,500,000 January i, 1888. Tho most complete an¬
rep unissued fora number of years was that for 1888, which was
$3,478,696; net, $953,806. (V. 44, p. 400; V. 45, p. 52.)
given at length in the Chronicle V. 46, p. 414.
The annual report for 1887 was in V. 46, p. 411 and 414. The sta¬
Chicago & Great Western.—Owns a double-track road entering
Chicago from i lie west, aud terminating at Polk at., east of the Chicago tistics iu detail were given in the Chronicle, as follows:
OPERATIONS AND FISCAL RESULTS.
River,' with large terminal property. The interest on 1st mort. bonds is
guaranteed by the Wisconsin Central and its allied lines, which enter
1884.
1886.
1887.
1885.
Chicago over this road. Stock, $8,0t0,u00.
Miles operated
4,804
4,921
5,293
5,669
Chicago Sc Indiana Coal.—Line of road, Brazil to La Crosse, Ind.,
Operations—
145 miles. Iu May, 1887, leased 34 miles of the Chic. A West Midi,
Passengers carried..
4,904,678 4,319,187 5,481,400 6,144,068
road, La Crosse to New Buffalo. This company acquired at foreclos¬ Passenger mileage... 225,851,443 214,550,187 234,444,700 230,444,573
ure the former Clue. A Great Southern, and in April, i 887, parties inter
Rate per pass. p. mile.
2 55 cts.
2*56 cts.
2*42 cts.
254 cts.
ested in the C. A I. C. road purchased the stock of the C. A E. Ill. RR. at
Freight (tons) moved.
6,023,016 6,432,869
7,685,072 7,573,795
110. The stuck authorized is $6,000,000 common and $4,000,000 pref.,
Freight (tons) mil’ge. 1247737233 1337721453 1436509713 1629334501
of which $2,197,800 com. and $1,465,200 pref. have been issued.
Third Av. rate p. toup. mile.
1-29 cts.
1*28 cts.
117 cts.
1’09 cts.
dividend of 1% p. c. paid on pref. stock Juno 1, 1-88. Mortgage of
Earnings—
$
$
$
$
1886 (trustees Met. Tr. Co. aud R. B. F. Pierce) is for $10,000,000 on
5,766,843 5,499,737 5,661,690 5,849,261
road from Yeddo to Brazil and $25,000 per mile ($7,000 "of this for Passenger
16.128,964 17,101,742 17,358,294 17,742,142
equipment) for extensions; second track, $8,000 p. in. Gross earn¬ Freight
1,575,191
1,811,794
1,693,419 1,774,721
ings lor year ending June 30. 1887, $381,372; net earnings, $174,870; Mali, express,Ao
interest, $116,732; rental, $3,250; surplus. $24,888. II, H. Porter,
Total gross eara’gs 23,470,993 24,113,273 24,718,403 25,366,124
President. (V. 44, p. 458, 494, 495; V. 46, p. 171, 227.)
In
take up the prior bonds; these bonds may
from the sinking fund provisions. The St.
INVESTOR’
SUPLEMNT
RAILROAD
May, 1888 J
Subscribers will confer
a
;
explanation of column headings, &o., see notes
on first page of tables.
Date
Miles
Size, or
of
of
par
Road. Bonds. Value.
Chic. Mil.dk St P.-<Conl.’d)-mi.& W
c*
8t.P.AC.l8tM.(Riv."D.)$A£(conv.intopf.stock).c’
1861
1872
1873
1879
1879
1880
1880
1880
1880-6
1880
1880
1879
1880
1881
1881
1881
1886
1886
1884
1883
1885
1886
13*6
85
M., Chic. A Mil. (conv. into pref. stock)
o*
185
mort on Lac’se ADav. Div
o*
212
mort. on S. W. Div. Western Union RR
o*
119
mort. on Chic.& Pac. Div.,Chic, to Miss. Riv.c*
419
mort. on So. Minnesota Div. ($9,000,000) ..c*
Land grant income bonds, drawn at 105
c*
395
1st M.onHast.A Dak.Div.extens.($ 15,000 p.m.Jc*
1st M. on Ch. Cl. D. & M., s. f., not diawn
cv ♦372
1st
1st
1st
1st
1st
1st mort. on Wisconsin Valley RR
Prior mort.
do
c*
Terminal mort., gold
c*
Fargo & Southern , 1st mortgage, gold, assumed..
119
Dakota A Gt. South’ll, l.-t, gold ($18,000 per in.).
159
incomes.
gold, coup, orreg. ($48,000,000)
Winona & St. Peter, 2d mort., guar, by Chic. AN. W.
1st M. exten. gld., land gr., s. f..
do
Towa M'dland, 1st mort., guar, by Chic. A N. W..
mort.,
1,000
1,000
3,088,000
2,000,000
4,773,000
1,259,000
200.000
7 A
6
6
7
5
5
5
5
5
5
5
6
6
1.000
2,856.000
5
31,367, ICO
22,323,170
3
12,651,000
2.977,500
7
7 g.
7
6,670,000
1,000
6,565.000
2,466.000
1,106,500
2,840,000
1,360,000
4.755,000
25,340,000
1,000
500
1,000
1,000
1,000
1,000
1,000
1,000
25
120
1,058
137
175
75
1
i860
1871
1863
1876
1871
1872
1870-1
1871
1870
1,000
500 Ac.
1
•
•
•
1,000
8,102,608
8,646,132
2,327,875
8,675,045
$
2,871,902
2,342,314
9,190,986
150,658
156,017
154,516
767,026
14,512,471 14,560,264 15,320,694
9,900.*02 10,158,139 10,039.43*'
59 45
58 90
60 42
Includes renewal of track, t Including elevators, stock-yards, per¬
sonal injuries and damages to property, legal, insurance, rent of cars,
trackage, Ac.
Tot. operating exp.
Net earnings.........
Pr. ct.op.ex. to earns
13.859.629
9,611,369
59*05
*
INCOME
1884.
ACCOUNT.
1885.
$
9,900,802
105.939
$
10,158,139
10,006,741
$
$
5,918,608
6,096,573
3,321.167
2,394,039
10,302,<93
$
6,241,093
3,053,076
Receipts—
earnings.........
Other receipts
$
9,611,369
Total income
9,693,676
Net
....
Disbursements—
Interest on debt
Diva, on both stocks*
Rate of dividend
Tot. disbursem’nts
1886.
82.307
7 both
9,239,775
7 & 4
8,490,612
144.654
1887.
$
10,039,430
272.825
10,312,265
-7 A 5
9,294,169
$
6,456,637
3,257,523
7 & 5
9,714,160
598,095
1,516,129
1,008,624
actual dividends paid in the year, without regard to the
Balance for year
453,901
♦These are the
time wheu the^ were earned.
GENERAL BALANCE AT CLOSE OF EACH FI8CAL YEAR.
1884.
Assets—
,
$
1885.
1886.
18S7.
$
$
$
Railroad,equipm’tAcl49,426,734 154,228,775 165.898,616 177,37 4.430
St’ks & b’ds own.,cost
1,228,283
754,792
877,486
2,909,148
Co’s bonds in treas
BillsAaee’ts rec’able
3,365,<>00
1,452,309
768,782
1,140,909
Materials, fuel, Ac...
3,543,217
2,048,985
2,927,171
Cash on baud
4,262,378
4,682.434
2,716,319
Ill. & low a coal lands
617,026
583,526
546,65 4
Total assets
156,936,049 162,858,497 174,859,829 190,979,631
Liabilities—
$
$
$
$
Stock, common
30,904,261 30,904,261 30,904,261 39,680,361
Stock, preferred
16,540,983 21,540,900 21,555,900 21,596,900
Funded debt
100,254,000 101,470,000 111,658,000 119,236,000
All otherduesAacc’ts
2,093,163
164,956
431,825
3,494,910
Unpaid pay-rolls, Ac. 1,610,661
2,249,109
2,896.432
1,729,269
Income account
5,532,981
7,049.109
8.057,734
4,074,998
Total liabilities.. 156,936,049 162,858,497 174,359,829 190,979,631
-(V. 44, p. 22,117,149, 260, 275, 343, 392. 399, 526, 681, 712, 751; V
45, p. 85, 114. 144. 210, 212. 312,400,472,592,613; V. 46, p. 227, 255»
371, 401, 411, 414. 41*, 481, 537.)
Chicago & Northwestern.—(Sec Jfapj—Line of Road—The Chio.
A Northw. operates 4,101 miles of its own roads and controls 1,339 miles
of the Chic. St. P. Minn. A Ora., 723 miles of Fremont Elk. A Mo. Val.;
77ofWj ora. Cent, and 107 of Sioux City A Pac.; total controlled, 6,347m.
The mileage is extensive, and is shown clearly in the accompanying
map. The main line from Chicago to East Omaha, Iowa, is 492 miles,
and this forms practically the southern boundary'of the whole system,
the company having nothing to the south of that line, with the excep¬
tion of a few insignificant branches. At the end of the fiscal year, May
31, 1887, the Chic. A Northwestern mileage was made up in the annual
report as follows:Wisconsin Division, 549 miles; Galena Division, 400
miles; Iowa Division, 764 miles: No. Iowa Division, 385 miles: Madison
Division, 509 miles; Peninsula Division, 377 miles; Winona A St. Peter
Division, 448 miles; Dakota Division, 566 miles; total, 4,101 miles. In
July, 1884, the Blair roads, previously leased,were acquired by purchase,
but the Sioux City & Pacific and Fremont Elkliorn & Missouri Valley (in
eluding Wyoming Central) are operated separately (907 miles) and their
earnings not included in those of C. A N.W.. but separately stated in the
annual reports in the Chronicle onp. 130 of V. 43 and p. 178 of V. 45.
Organization, Ac.—The Chicago St Paul A Fond-du-Lac Railroad
1,146,059
1.483.365
2,971,133
680,475
which was a consolidation of several roads, was sold in foreclosure
June 2, 1859, and the Chicago A Northwestern Railway was organized
its successor. In 1864 the company absorbed the Dixon Rock. &
Kenosha, the Gal. A Chic. Union and tne Peninsular RR. of Michigan,
as
and has since absorbed
by consolidation a large number of other roads,
operated as “proprietary roads.”
In December, 1882, a controlling interest was acquired in the stock of
the Chic. St. Paul Minneapolis & Omaha Co. by the purchase of 53,800
shares of preferred and 93,200 shares of com. stock.
In July, 1884, the leased lines in Towa (Blair roads) were acquired
on the terms stated in the Supplement of June, 1885, and prior issues.
The fiscal year ends May 31. The annual meeting is held early in June.
8tock and Bonds.—Of the common stock, $10,009,701 was held in
the company’s treasury'ou May 31. 1887. making the whole common
stock $41,374,866.
Preferred stock has prior right to 7 per cent;
then common 7 ner eeut ; then preferred 3 per cent; then common 3;
then both classes share. Dividends since 1875 (prior to the current
year) have been: In 1876, 2*a on preferred; in ’77, 3*3 on pref.; in '78, 7
including those which
were
cr
g.
g.
g.
g.
7-
7*g.
2,549.500
12,343,000
1,592,000
4,079,500
100 Ac.
1.000
1887.
759,350
560.000
•
500 Ac.
500 Ac.
5
1%
1.700,000
1,000
$
2,641,977
733,515
7
5
6
6
6
7
1,236,000
...
1886.
702,060
140,829
Pay’ble
7
7 g.
1,000
$
2,551,327
2,430,809
Taxes
Miscellaneous
Cent.
2,500,000
4,000,000
3,000,000
7,432.000
1,000
1885.
Transportation exp.t
When
2,393,000
1,000
1,000
1,000
Operating expenses—
$
Maint’nce of way*...
2,339,635
Maint’nce of equip’t.
2,574,437
1884.
Rate per
$215,000
3,804,500
500&C.
1,000
p. c.
Menominee River, 1st mort., guar
Menominee extension, 1st mortgage, gold
cons
j Outstanding
166
4,101
y’rly, not cumulative)
776
Consol, sink. fd. M., purchasable (not dr.) at 105.
126
Madison extension, 1st mort., sinking fund, gold.
85
Chio. & Mil,, 1st mortgage ($20,000 per mile)
Gen
Amount
$1,000
Chicago dk Northwestern—Common stock
Preferred st’ck (7
33
Bonds—Princi¬
INTEREST OR DIVIDENDS.
J
100
...o*
161
107
142
68
230
1st mortgage, Mineral Point Division
c*
1st mortgage Chic. A Lake Superior Div.,
c*
IstM.Wis. & Minn. Div. ($20,000 p. m.)
1st M., g., on Chic. A Pac., W. Div., $20,000 p. m..c* 1,267
154
Chic. A Mo. Riv.Div.,lstmortg., ($20,000 p. m.).c*
Inc. bonds convert.,s.f.,4p.c aft.’88 (dr.at 105). ..
do
BONDS.
great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For
AND
STOCKS
7 g.
7
7 g.
8
1.350,000
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
Where
pal .When Due.
Stocks—Last
Dividend.
Payable and by
Whom.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
J.
New York, Office.
J. London and New York.
J.
New York, Office.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
do
do
J.
J.
Boston.
J.
New York, Office.
J.
do
do
J.
do
do
J.
do
do
J.
do
do
J.
do
do
do
do
J
do
do
J.
A. A O.
do
do
J. A J.
do
do
J A D W V r*n ’a rvffino ?V9W«»11
do
do
Q.-M.
do
do
Q.-F.
do
A. A O.
do
J. A J.
do
do
J. A J.
do
do
J. A D.
do
do
J. A D.
do
do
do
M. A N.
do
J. A D.
do
do
A. A O.
do
do
1891
Jan., 1902
Jan. 1,
1903
July 1,
July 1,
Jan. 1,
Jan. 1,
1916
1909
1910
1910
Jan.
Jan.
1890
July
July
Jan.
July
July
July
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1910
1920
1920
1909
1910
1921
1921
1921
July 1, 1920
July 1, 1916
July 1, 1914
Jan. 1, 1924
1895
Jan. 1. 1916
Dee 24 1887
Mar.
1886
Feb. 1, 1915
26,’
April 1, 1911
July 1, 1898
July 1, 1906
June
Deo.
Nov.
Deo.
Oct.
1,
1,
1,
1,
1,
1911
1902
1907
1916
1900
pref. ami 5 on com.; in ’79, 7 on pref. and 5 on com.; In ’80. 7 on pref.
on corn.; in ’81, 7 on pref. and 6 on com.; in ’82, 7% on pref. and 7
on com.; in ’*3 and ’84, 7 on com. and 8 on pref.; in ’85, 6*2 ou com. and
7*2 on pref.; in ’f6 and in *87, 6 on com. and 7 on pr ef.
on
ami 6
Prices of stock since 1877 have been as follows: Common in 1878,
32*9 05514; in 1879, 4958»94*3: in 1880. 87*8 0130; in 1881. 117 0136;
In 1882, 1249150%; in 1883, 115*49140*8: in 1884. 81*99124; in 1885.
81380115%; in 1886. 104*40120% in 1887, 104401*2758; in 1888 to
May 18, inclusive, 102%0112%. Pref. m 1878,59% 079*9 ; in 1879, 767a
0108; in 1880. 1040146*9; in 1881, 131*80147*9: in 1882, 1360175;
in 1883, 1340157; in 1884. 1170149*9; in 1885. 119%01397Q: in 1886,
1359144; in 1887, 137%01534; in 1888, to May 18, inclusive, 138 9
145*9.
The sinking fund bonds of 1879 are secured by a deposit of mort.
bonds, on the new roads acquired at the rate of $15,000 per mile, and the
terms under which these are issued were published In V. 29, p. 277.
Of these bonds so far issued, $6,305,000 are 6s and the balance
5s.
There are several small issues of bonds in addition to those in
the table above, viz.: Minnesota Valley RR., $150,000. 7s, due 1908;
Plainview, $100,000, 7s, duo 1908; Peninsula Railroad (Mich.), $152,000 7s, due 1898.
The $10,000,000 debenture bonds were issued to pav for the Chicago
St. Paul Minneapolis A Omaha stock; the sinking fund for these bonds
is $200,000 per yrear from May, 1888, if they can lie redeemed at 105.
I11 June, 1884, the new issue of $6,0u0.000 5 per cent debenture bonds
was
authorized, of which $1,966,500 went for the purchase of Blair
roads and the balance to be used for improvements as required.
Any
future mortgage on the property of the company owned at date of these
bouds, shall include them.
The C. & N. W. exten. bonds of 1886 are direct bonds of tlie C. A N.
W. Company, secured by the deposit iu trust of the 1st mort. bonds of
roads constructed or acquired, at the rate of $20,000 per mile. The
mortgage is for $20,000,000. aud the Union Trust Co. of N. Y. is trusteeIn addition to bonds in above table there were Live bonds in the sink¬
ing fund amounting to $1,116,500 May 31. 1887.
Land Grant.—The lands of the company have been acquired by the
purchase of the Winona & St. Peter and other roads that have been
consolidated. The Commissioners’ report for 1886-87 showed that the
total consideration for the lands and lots so*d in that year amounted to
Net cash receipts were $689,589. The statement of amounts
secured to be paid to the company by outstanding contracts of sale in
force at tho end of the fiscal year showed a total of $1,269,702-
$687,637.
table of lands
unsold for years ending
mat
1886.
1897.
626,811
574,362
461,847
443,296
308,723
303,165
420,428
299.011
373,819
379,299
297,708
1,456,147
1,373,272
1,293,831
1.050,826
Name of grant.
Minnesota
685,577
Michigan
Wisconsin
Total
1885.
1884.
Operations, Finances, Ac.—Tho Chicago A Northwestern Railway
has pursued the policy of extending rapidly its lines in the far WestL
The stock had not been much increased until the issue of new stook
for stocks of proprietary roads, and a largo nominal surplus had been
rolled up, amounting to about $32,000,000 in May, 1886, of which over
$21,000,009 was charged off in 1387. (See explanation V. 45, p 160.)
For tlie seven months ending Dec. 31,1887, an article in the Chron¬
icle or Feb. 11, 1833 (V. 46, p. 184), gave an claborat-3 statement of
gross and net earnings, showing net of $7,879,784 in 1837, against
$8,090,298 in 1886.
The latest annual
report issued (1886-87) was in the Chronicle, V.
45, p. 177, showing the following:
ROAD AND EQUIPMENT.
1883-84.
1884-85.
1885-86.
oper’d
3,763
3,843
3,948
4,101
Locomotives....
Passcng.Ac.cara
639
449
672
481
693
485
735
507
Freight cars
All other cars..
20,100
20,103
20,513
22,091
435
470
546
558
Tot. miles
1886-87.
operations and fiscal results.
Operations—
1883-84.
1884-85.
1885-86.
Pass’gers carr’d.
8,623,483
8,403,884
Pass’ger mileage 256,386,389
231,090,788
9,140,195
239,150,020
254,709,295
2-40 cts.
2*38 cts.
2-36.cts.
2*29 cts,
R’te p.pass.p.m.
1886-87.
9,709,934
8,453,994
8,235,127
8,494,239
9,737,312
Fr’ght(tns) mv’d
Fr’ght (tus) m’gel350,173,773 1416,789,205 1466,892,717 1754,593,596
1*24 ots.
1-15 ots.
1-31 cts
1*19 cts.
Ratepr.ton p.m.
$
$
$
$
Earnings
5,498,111
5,820,151
6,153,071
5,646,150
Passenger....
19,329,484
17,503,244
16,917,394
Freight
17,677,866
1.189.637
1.036.551
1.17L.68L
1,130,206
Mail, express,Ao
Grossearn’s.
Expenses—
Maint’ce of way
“
cars, Ao
Transp. A miscel
Taxes
Total
Net
earnings....
P.c. exp. to earn.
2o,020» oZ4
•$
23,002,006
$
2,939,253
2,193,224
7,970,502
24,279,600
$
672,621
690.928
15,140,956
13,793,907
2,951,889
2,048,6 3
8,156,221
702,452
13,859,226
9,879,668
60*51
9,708,149
10,420,374
3,590,917
2,418,297
8,429,124
58*69
5708
26,321,316
$
3,227,245
2,212,289
8,918,681
712,125
15,070.342
11,250,974
57*25
^.-7? yr&vm&v*
•Devil
Lake
c*
MAP OP THE
RAILWAY & CONNECTIONS.
NORTHERN
INVESTOR’
Si^ikyp^
hot
■
SUPLEMNT.
[Vol.
xlvi.
Subscribers will confer a great favor
explanation of column headings, &c., see notes
on
of tables.
first page
TV—f Cow.)—N. W. Union, 1st M., gold..
Rochester & No. Minnesota, 1st mortgage
Chio. Mil. A N. W., construction bonds
Chicago A Tomah, 1st mort., guar
Milwaukee A Madison. 1st mort., guar
Sink, fd.bdsd 1st M. as collateral) ($15,000 p. m.)..
S. f. debenture bonds (for C. St. P. M. A O. stock).
Debenture bonds of 1909 (for $6,000,000)
C.& N.W. Exten. bds. ($20,000 per M.)
e&r
Ottumwa C.F.& St.P., 1st M.f guar.($25,000 p.m.)
Des Moines & Minneapolis RR. 1st mort. Bonds...
Escanaba & Lake Superior RR., 1st mort
Dakota Central RR., 1st mort
do
1st M.. Southeast Div. (for $2,000,000).
North. Ill., 1st M. ($20,000 p. m.) guar. C A N. W.
Other small issues (see remarks)
Cedar Rapids & Missouri River, 1st mort
Okie. <& W.
1st mort
1st mort
do
do
Nebraska, mortgage
Maple River 1st mortg
Chicago Iowa A
Fremont Elkhom &
do
do
by giving immediate notice of any error discovered in tliese Tables.
Date
Miles
of
of
Road. Bonds
62
24
141
154
80
64
58
36
71
125
75
equipment bonds..
Mo.V.&Blair RR.Br’ge, 1st, red’ble aft.’93
Sioux City A Pacific, 1st mortgage
do
2d mort. (Gov’t subsidy)
do
pref. stock
Chicago <6 Ohio River.—1st mort. (for $500,000)
Income bonds, conv. into stock till May, 1891
Par
102
102
1,000
1,600,000
1,000
14,665,000
l.OOOAc
l.OOOAc
1,000Ac
1,000
1,000
10.000,000
86
...
2,000,000
1,500,000
1,000
700,000
582,000
2,332,000
7
7
6
6
6
6
7
402,500
....
1,000
7,725,000
360,000
....
1883
1868
1868
7
7
129,000
500 Ac.
500 Ac.
500 Ac.
500 Ac.
1861
1863
1866
1863
1877
1883
1.000,000
....
500Ac.
500Ao.
1,628,000
1,628,320
6
3ie
169.000
1886
IS 36
100 Ac.
1877
1869
1884
1,000Ac
6 g6
218,000
618,300
46,156,000
12,100,000
....
100
100 Ac.
1%
6
7
5
5.000,000
1,000Ac
21.960,000
Sept. 1, 1905
Oct. 1, 1929
May 1, 1933
Nov. 1, 1909
Aug. 15,1926
Mar. 1, 1909
Feb. 1, 1907
July 1, 1901
Sept. 1, 1907
Nov. 1, 1907
Mar. 1, 1910
Aug. 1, 1891
Aug. 1,
May 1,
Aug. 15,
July 1,
Oct. 1,
1894
1916
1892
1897
1933
Jan. 1, 1923
Jan. 1. 1898
Jan. l, 1898
April
May
May
May
July
5, 1888
1, 1916
1, 1916
1, 1888
1, 1917
Nov. 1, 1899
July 1, 1934
$9,132,449
$575,700
$9,033,867
$1,381,507
$8,638,702
$2,612,272
and 1887, 7.
11,250,974
$
$
4,527.235
5,536,363
5,136,198
2,939,469
*3,981,348
3,414,504
3,444,504
Dividends
8
7
8
7
pref....
Rate on comm’n
Bliscellaneous
..
GENERAL BALANCE
Assrts—
Chic. A N.W.-Road & equip.
Other companies
do
Bonds owned
Stocks owned
Land grant investments.....
Bills and accounts receivable
7
6
7
6
absorption of Iowa leased linos, rentals ceased
1 Less credit items.
dividend charges increased.
and interest and
AT CLOSE OF EACH FISCAL
1884-85.
1885-86.
YEAR.
1886-87.
$
$
127,101,024 ? ^144,161,050
35,539,234
30,028,824 > •6,082,295
360,242
934,482
12,282,159
12,2>2,159 1 12,282.160
•$
127,053,870
1,221,000
1,890,841
1,808,567
3,807,191
1.934,004
Materials, fuel, Ac
Cash on hand
Trustees of sinking fund
714,000
2,000,734
2,932,848
1,926,281
4,239,176
230,000
1,757,952
3,000,978
4,214,036
4,320,175
$185,897,103 $183,759,528 $176,048,646
Total
Liabilities—
$41,374,866 $41,374,866 £$41,374,866
22,325,454 22,325,454 £22,325,454
roads,Ac
11.220,000
11,230,000
11674,1*3
97,334,500
Bonded debt
91,460,500 H 90,511,500
Divid’ds declared, not yet due
1,544,221
1,331,600
1,331,600
Sinking funds paid
1.934,000
4,239,175
4,320,175
Current bills, pav-rolls. Ac....
2,251,206
2,721,369
1,690,680
Uncollected coupons, Ac
113,262
140,762
135,500
Rentals of roads in Iowa
31,044
316,814
Bonds unsold, Ao
537,000
37,000
37,000
275,000
Note of Consol. Coal Co
125,000
125,000
1,473,536
Accrued interest not duo
705,060
703,525
Miscellaneous
120,000
120,000
Land income account
2,954,246
3,194,071
714,104
Railroad income account
9,762,819
11,144,326
112,994,539
Stock, common
Stock, preferred
Stocks of propriet’ry
83} cash and 100 p. c. iu stock ; in 1881. 1882, 1883, 1884, 1885, 1886,
Range of prices of stock was as follows since 1876, viz.: in
1879, 8233«1053j; in 1873, 98^3>122; in 1879, 119tf>150L}; iu 1880,
to July, 1493>204; July to Dee. (new stock) 100^2^)143; in 1881,129
©1485,3; iu 1882, 1223)14014: in 1883, 116L2®127i4: in 1834. 100%©
126%; in 1885. 105^132; in 1886, 120is3)131; in 1887, 109© 1407a;.
in 1888, to May 18. inclusive, 10358®H412.
The road from Minneapolis west to the juno.’with Bur. C. R. A N. line
(205 miles) is built under the charter of the Wisconsin Minn. A Pao. Com¬
pany issued by the old Territorial Legislature. The W. M. A P. Co. issues
its bonds running for 50 years, beariug 6 per cent interest, at the rate of
$20,000 per mile, of which $5,000 per mile is for equipment. These
bonds are deposited by Rock Island with the United States Trust Co.,
and iu lieu or them the Rock Island issues its own bonds for $15,000 per
mile of road, but bearing 5 per cent. The difference in interest as it accu¬
mulates is to bo invested in Rock Island bonds; these bonds may be
redeemed at 195 after July 1, 1894. The St. Joseph A Iowa RR., Altamont, Mo., to Rushville, Bio., 64 miles, was completed Jan., 1886, aud
$960,000 iu similar collateral trust bonds issued.
The authorized issue in 1886 of similar collateral trust bonds for $10,000,000 (at $15,000 per mile siuglo track, $5,0u0 for equipment aud
$7,500 for second track), was for the construction of some 700 miles
under the name of the Chicago Kansas A Nebraska Railroad.
Stockholders ot Sept. 29, 1837, had the right to take at par 10 per
cent of their holdings in new stock—the total issue, $1,196,000, to be
used for extensions and
The fiscal year
712, also art. on
improvements.
ends March 31. Annual report for 1836-7 in V. 44, p,
p. 731.
The mileage, earns., Ac., have been as follows:
owned
and pledge t as coll, for extern 4s of 1836, $5,772,000; also, general con¬
sol. gold bonds, $37,000; consolidated sinking fund bonds, $115,000;
bonds of sundry proprietary roads, $156,295; Iron River Furnace
Includes F. E. A BI. V.
consols and Wyoming Central RR. lsts
bonus, $2,000.
t Includes Chic. St. P. M. A O. stock,
stock, $1,966,500. Also owns C. A N.
and preferred, $2,284. but those
on other side of the account.
$10,315,659; F. E. A BI. V. RR.
W. common stock, $10,007,416,
items are included in the amounts given
£ Including $10,007,416 common and $2,284 preferred stock in com¬
pany’s treasury.
|| Including live bonds in sinking funds, which amounted May 31, 1887,
$1,116,500.
items, p. 177.
177, 340, 575; V. 46, p.
Chicago Sc Oliio River.—Lino of road from S’dells, Ill., toOlnoy,
86 miles. This Co. was organized in 1886 as successor of the Danville
Olney A Ohio River, foreclosed in Feb. 1886. An extension to the
projected. Income bonds are convertible into stock for
Mav 1. 1886. Gross earnings m 1885-86, $61,767 ; net,
In 1886-*7, gross, $75,377 ; net over operatin ' expenses and
Ohio River is
five years from
$1,639. Austin Corbin, President, New
44, p. 21, ::89,308.)
Chicago Rock
York City.-(V.
Island & Pacific.—Line of Road— Owns
from
Chicago to Council Blurts, 500 miles; Davenport, la., to Atchison, Kan.,
345; Atchison Junction to Leavenworth, Kan., 21-5; Washington, la., to
Knoxville, 77-5; South Englewood to South Chicago, 7*5; Wilton to
Muscatine, 12*5; Newton to Mvmroe, 17 ; Des Bloines to Indianola and
Winterset, 47; Blenlo to Guthrie Centre, 14*5; Atlantic to Audubon,
24*5; Atlantic to Griswold. 14-7; Avoca to Harlan, 11*8; Avoca to Carson, 17 6; Mt. Zion to Keosauqua, 4-5 ; Wilton to Lime Kilns, 5. Leased:
Cameron, Mo., to Kansas City, 54; Bureau Junction to Peoria, 47 miles;
Keokuk to Des Moines. 162. Total operated, April 1, 1887, 1,384 miles.
The new mileage built and under construction was mentioned in V. 45,
p. 613.
Organization—The Chicago A Rock Island RR. was chartered in
1885-86.
Earnings—
1,384
1,381
1,384
$
$
$
3,023,881
3,313,443
8,056,316
1,165,750
8,141,142
1886-87.
1,384
$
3,127,258
7,713.659
1,163,131
3,097,916
8,037,453
1,1 83,681
Total gross earns.
Operating expenses
P.c.of op.ex.to earn.
1,038,835
12,206,911
12,001.348
7,160,324
7,166,893
12,319,050
7,504,809
5,237, o 12
BIail,expr’s, r’nts.Ao
5,046,587
4,837,455
4,814,241
58-22
58-65
5970
60-92
12,535,514
7,298,002
INCOME ACCOUNT.
1884-5.
Receipts—
Net earnings
From land departm’t
1885 6.
1886-7.
$
1883-4.
$
4,837,455
$
4,814,240
5,046,587
5,237,512
Rate per cent
Add’ii and imp.
..
470.000
330,000
310,000
230.000
5,707,512
$
301,121
5,147,455
$
301,995
1,213,250
5,044,240'
1,002,350
5,376,587
$
301,121
1,094,750
$
303,762
1,320,667
2,937,186
Disbu rse men ts—
Rent leased roads
Interest on debt
2,937,186
2,937,186
2,937,186
acc’t.
7
7
7
Miscellaneous
H See remarks in Chronicle regarding these
—(V. 44, p. 343, 621, 713; V. 45, p. 52, 159,
172, 184, 200.)
1881-85.
1
1883-84.
Bliles owned A oper..
$185,897,108 $188,759,529 $176,048,646
Total
1905
1905
$9,118,408
$761,260
$
10,420,374
$
*28,567
*5,064,534
1,568,704
$3,133.
fixed charges.
'
Nov. 1,
Nov. 1,
58,000
1886-87-
1885-86.
-$
*
-$
Disbursements—
to
1,007,000
....
....
1917
Sept. 1, 1908
58,000
9,708,149
Rentals paid....
Interest on debtt
*
7
6
6
6
5
720,000
1,000
June 1,
58,000
1884-85.
$
9,879,663
Net earnings....
On
4
5
A
A
A
A
83,000
1883-84.
*
3,869,000
11,852, (, 00'
1,600,000
600,000
M.
M.
M.
BI.
M.
A.
BI.
M.
F.
M.
F.
I.
BI.
M.
Illinois Feb. 7, 1851, and opened from Chicago to the Mississippi River
July, 1854. The extension from the Bliss, to the Mo. River was built
by the former Mississippi A Missouri RR. of Iowa, wbicli was foreclosed
under mortgage in 1866. The Illinois and Iowa roads were consolidated
August 22,1866, under the present title, and the main line was extended
to Council Bluffs June, 1869. The Iowa Southern A Missouri Northern
was formerly the Chicago A Southwestern, and was foreclosed and pur¬
chased by this company, and consolidated June, 1880. The present
Cldc. R. I. A Pacific was a consolidation Juno 4, 1880, with $50,000,000
stock authorized, and a scrip dividend of 100 per cent to the holders of
Chic. R. I. A P. stock. The annual election occurs iu June.
Stock and
Bonds.—Dividends have been paid as follows since
1876, viz.: iu 1877 and 1878, 8 per ceut; in 1879, 10: in 1880,
Receipts—
surplus
1,528.000
....
INCOME ACCOUNT.
Balance,
601.000
....
....
....
Tot. disb’m’ts.
200,000
....
S. N. Y.,Co.’sOftice,52 Wall
do
do
S.
do
do
N.
do
do
N.
do
do
A 8.
do
do
A O.
do
A N.
do
do
do
A N.
do
do
A A.
do
do
A S.
do
do
A A.
do
do
A J.
do
do
A 8.
do
do
A N.
do
BI. A S.
do
do
do
do
do
F. A A.
do
F. A A.
do
do
do
M. A N.
do
do
F. A A.
do
do
J. A J.
do
do
A. A O.
do
do
do
do
J. A J.
do
do
J. A J.
J. A J. U.S. Treas. , at maturity
A. A 0. New York, Co.’s Office.
M. A N.
.Boston, Treasury.
BI. A N.
New York A Chicago.
Q.-F.
N. Y., 13 William St.
J. A J.
do
do
BI. A N.
do
do
J. A J.
7 g.
7
6
6
6
5 A 6
5
5
$3,365,000
$500 Ac
1872
1878
1882
1880
1880
1879
1883
1884
1886
1884
1882
1881
1882
1882
1885
,
Chicago Rock Islands Pac—St’ck (for $50,000,000) 1,384
636
1st mortgage, coup, or reg
271
Chic. A Southw.. IstM.g. (g’d iu cur. by C.R.I.AP.)!
1st M. ext.aud col.($20,000 p.m.),red.aft.’94,e.Ar.!
on
Amount
Value.
.
Rate
Bonds—Princi¬
pal,^When Due,.
Rate per When Where Payable, and by Stocks—Last
Outstanding
Whom.
Dividend.
Cent.
Payable
Size, or
493,000
70
58
146
82
311
Mo.Val.,Consol.bonds
do
35
BONDS.
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
RAILROAD
1883.]
May,
1,200,000
750,000
177,784
196,344
5,279,401
97,186
164.784
7
463,000
170,922
4,732,537
5,080,215
67,240
89,071
Balance, surplus....
311,703(
08, 335, 495, 526. 712, 713,731, 752 ; V. 45, p.
1, 472, 512, 613; V. 46, p. 134,254, 353, 448.)
Total disbursements.
5.618.441
,
Chicago St. Louis & Pittsburg.—The mileage Is as follows
Columbus, O., to Indianapolis, hid., 187 miles; branches—Bradford June.*
O., to Chicago, Ill., 231 in.; Richmond, Tnd., to Anoka June., Ind., 102 m.S;
Logansport, Ind., to Illinois State Line, 61 m.; Indianapolis to Kokomo
(operated jointly with Lake Erie A West.) 54 m.; total operated, 635 m.
This is the reorganization (March 20, 1883,) of the Cohimlms Chicago
A Indiana Central road, sold in foreclosure on Jan. 10, 18 83.
Til©
C. C. A I. C. company was formed Feb. 12, 1868, by consolidation of
the Col. A Ind. Cen. and Chio. A Great East, railroad companies.
The
Penn. RR. and the Penn. Co. hold a large amount of the 1st consol,
mortgage and the stocks. The preferred stock is entitled to 6 per cent
yearly if earned, and is cumulative.
In 1889 the issue of debentures was authorized to fund back coupons
overdue on the 5 p?r cent mortg. bonds.
From Jan. 1 to Jan. 31, 1888 (l month), gross earns, were $4 52,715,
against $446,385 in 1887; net. $88,409,
against $125,303; deficit un¬
der charges, $2,322, against surplus, $24,388.
The annual report of tliis company for the year
lished in the Chronicle, V. 46, p. 536, to which reference
1887 was pub¬
should be made.
RAILROAD
May, 1888. J
Subscribers will confer
a
,
STOCKS
AND
BONDS.
great favor by giving immediate notice of any error discovered in tbiese
Tables.
DESCRIPTION.
Miles
For
explanation of column headings, &c., see notes
on
of
Road.
first page of tables.
Chicago St. Louis <& Pittsb.—Common stock
Preferred stock (6 per cent cumulative)
1st mortgage, consol, gold ($22,000,000)
c & r
1st M. Chic. A G’t East. (Chic, to Logansport)..o*
do
Col. & Indianapolis Central
c*
do
Union A Logansp’t (U’n City to Logans).c*
do
Cinn. & Chic. Air Line(Rich. to Logans.).c*
2d M. Col. & Indianapolis Central
c*
635
635
580
117
208
93
107
208
Debentures
296
Chic. St. P. dt Kan. City—1st, g’ld, $20,000 p. in..o*
514
Minn. A Northwestern—1stM., g., $16,000perm.
Income bonds (5 per cent non-cumulative)
Chic. St. Paul Min'polis & Omaha— Common stock.. 1,399
Preferred stock
1,399
Consol, mortgage ($15,000 per mile)
c*
177
Chic. St. Paul & Minn., 1st inort., gold
c*
120
North Wisconsin, 1st mortgage
c*
St. P. & Sioux City, mort., gold, for $7,000,000.c*
608
23
St. Paul Stillwater & Taylors’ Falls, 1st mort
Hudson A River Falls. 1st mort
c*
12
Minneapolis East RR., 1st mort., guaranteed...c*
48
Chicago <£ West. Indiana—lstM.,s.f.,dr’n at 105.c*
General mortgage, gold, sinking fund
c*
....
....
....
....
Chicago <£ West Michigan—Stock, new
1st mortgage, New Buff, to St. Jo
Gr. Rap. Newaygo & Lake Sli., 1st mort. coup
Gen’l M. ($12,000 p. mile)
Cincinnati Hamilton cC Dayton— Stock
Preferred stock. Series A & B.
Consol, mort. ($996,000 are 7s) $ A £, s. f
Mortgage bonds, gold
413
127
36
413
354
354
60
c*
c*
..
....
Cin. Ham. & I. (Junction) RR., 1st mort., guar
Cincinnati Indianap. St. Louis <£* Chicago—Stock..
98
411
Date
of
Bonds
m
m
m
Size,
or
par
Value.
$100
m
100
....
1883
....
....
....
1,800,000
8,302,000
9,628,000
6,981,700
18,559,593
....
100
100
1880
1878
1880
1879
1878
1878
1879
1879
1882
11,259,933
1.000
500 Ac
1,000
1,000
800,000
6,080,000
334,800
....
125.000
....
1,000
1,000
75,000
2,264,000
6,396,666
100
6,150,200
...
1,000
480.000
1,000
1,000
576,000
2,794,000
4,000,000
1,000,000
2,894,000
2,000,000
100
100
....
....
1875
1887
1873
3
6
6
6
6
7
8
7
6
6
1
8
8
5
2
1
12,742,434
3,000,000
....
1869
1871
1881
5 g.
7
7
7
7
7
5
5 g.
5 g.
5
715,000
103,500
780,000
1,000
1,000
mmm
Pay’ble
2,631,000
.
....
....
When
Cent.
223,000
1,000
•
Rate per
$9,010,021
17,497,975
13,771,000
....
1864
1883
1886
1884
m
1,000
Outstanding
....
1864
1865
1,000
1,000
1,000
1884.
1885.
635
635
Total gross earns
4,396,840
3,602,213
Netearnings
4.567,596
3,807,645
794,627
P.o.of op.ex.to earns.
1887.
635
4,842,316
3,966,301
5,887,180
876,015
1,576,015
81*91
73 33
759,951
83 36
81*93
4.311,165
INCOME ACCOUNT.
Receipts—
Net earnings..
Other receipts
....
1884.
$794,627
80,045
Total income....
Disbar sem ents—
Rentals paid
$874,672
Int., Ac.,
1,079,602
on
$21,224
debt..
Miscellaneous
1885.
1886.
$876,015
$759,951
$759,951
$1,576,016
$21,224
95.789
$21,918
1.068,775
145,324
$1,191,134
$1,236,017
1,074,121
17,565
-
Total disb’rsm’ts $1,100,826
$1,118,030
Balance
def.$226,154 def.$35S,079
1887.
$1,576,016
$876,015
$21,224
1,079,241
def.$315,119sur.$339,999
—(Y. 44,p. 369, 433, 525,526, 653; V.45, p.25,239, 400, 538,705,855;
V. 46, p. 133, 227, 371, 5 36.)
Chicago St. Paul Sc Kansas City.—(See Map).—Oelwein, la.,
Joseph, Mo., 286 miles; branches, Valeria to coal mines aad Wil¬
to St.
sons to
Cedar Falls, 10 miles; total, 296 miles.
Minn. & Northwestern
mileage-Chicago to St. Paul. 403 miles; Lyle branch—Hay field to
Mauley Junction, 48 miles; Waverly branch—Sumner, la., to Hamp¬
ton, la., 63 miles; total, 514 miles. Total of consolidated mileage, 810
miles. The road from Lyle to Ma lley June., about 2o miles, is leased to
the Cent. Iowa. In Dec., ’*7. the C. St. P. A K. C. acquired the M. AN. W.,
and this ( o. owns and operates the whole road. The Chic. St. P. A K. C.
bonds are $ or £ and are authorized to the amount of $16,000,000 at the
rate of $20,000 per mile on road and $5,000 per m. for terminals in cities
and for equipment; also, $8,000 per mile additional fox id mble track.
They are redeemable after 1896 at 105 and accrued interest. Trus¬
tees of mortgage are the Metro, olitan Trust Co., of New York, and
Robert H. Benson, of London. The M. * N. W. bonds are $1*6,000 per m.,
with $4,000 for terminals and $8,000 for second track.
Stock, $15,142,9.io.
A. B. Stickne>, President, St. Paul, Minn.
W. L Boyle.
Vice Pres’t. 40 Wall St., New York. - (V. 44, p. 627; V. 45, p. 642, 792;
V. 46, p. 200, 255.)
Chicago St. Paul Minneapolis Sc Omaha.—(See map Chicago
Northwestern.) Mileage: Eastern Div.—Elroy to St. Paul, 195 miles;
River Falls Branch, 25 miles; Stillwater Branch, 4 nines; South Stillwater
A
Branch 4 miles; Eau Claire Branch, 3 miles; Neillsville Branch, 16 in.; St.
Paul to Minneapolis, 11 m. (leased); total, 258 miles. Northern DivisionNorth Wisconsin Junction to Bayfield, 178 miles; Ashland Junction to
Ashland, 4 miles; Ashland Shore line, 1 mile; Eau Claire to Chicago
Junction, 81 miles; Superior Junction to Duluth, 73 miles: total,
337 miles. St. Paul A Sioux City Div.—St. Paul to Sioux City, 269
miles;
Minneapolis to Merriam June., 27 miles (leased);
Lake Crystal to El¬
more, 44 miles; Heron Lake to Pipestone 55 miles; Sioux Falls Junction
to Mitchell, 131 miles; Luverne to Doon, 28 miles;
total, 554 miles.
Nebraska Div.—Covington to Omaha, 126 miles; Coburn June, to Ponoa,
16 miles; Missouri River transfer, 2 miles; Norfolk Branch to
Emerson,
46 miles; Wakefield to Hartington, 34 miles; Wayne to
Randolph, 22
miles; total, 245 miles. Total, 1,394 miles (33 miles of which unde,
lease.)
Proprietary road, 5 miles. Total of all, Dec. 31,1887,1,399
miles. This was a consolidation July, 1880, of the Chicago, St. Paul A
Minneapolis (formerly West Wisconsin), the North Wisconsin, and the St.
Paul & Sioux City.
Preferred stock has a prior right to non-cumulative dividend of 7 per
cent from net
paid
on
earnings; but common is never to receive more than is
preferred* The Chic. St. Paul & Minneapolis 1st mort. is a 2d
the lands.
In November, 1882, a controlling interest in the stock was
purchased
for the Chicago A Northwestern Railway by the acquisition of
93,200
shares of common at an average price of 48*40, ana 53,300 shares of
preferred at an average of lo4*04—the total cost being $10,503,959,
Which stock is held as an asset of the Chic. A Northwestern
Company .<■
Report for 1887 was in Chronicle, V. 46, p. 411. The land sales in
on
1887
30,671
were
and notes
621,144
on
aores.
for $89,078,
including lots; land contracts
1887, $2,495,571; lands undisposed of,
Earnings, Ac., were as follows:
acres
hand Dec. 31,
A
&
&
&
&
&
&
&
&
Q.
-
F. &
M. &
J. &
J. &
Nov., 1904
Dec., 1905
Aug. 1, 1890
Nov., i904
Wall,A London
July 1, 1930
July'l, 1934 '
July 1, 1936
J. N. Y., Office, 52 Wall st. Jan. 20, 1888
D.
do
do
June 1, 1930
N.
do
do
May 1,' 1918
J.
do
do
Jan. 1, 1930
0.
do
do
April 1, 1919
J.
do
do
Jan. 1, 1908
J.
do
do
July 1, 1908
J.
do
do
Jah. 1, 1909
N. N. Y., Drexel, M. A Co. Nov.
1, 1919
do
M.
do
Deo. li 1932
A. Boston, 26 Sears B’ding Feb. 15,
1888
8.
do
do
Sept. 1, 1889
N. Y. Union Trust Co.
J.
July 1, 1891
D. Bost., Nat.Webster B’k.
Deb. 1, 1921
•-
May 1, 1887
.
4^jg.
1*4
& J. N. Y.,40
& J.
J.
J.
M.
J.
A.
J.
J.
J.
M.
g.
& A.
& N.
J.
J.
g.
& J.
* O.
Oct. 1, 1932
1893 A ’95
A. & O. N.
J. A J.
J. A J.
Q.-M.
Y., Winslow L. A Co.
do
do
do
do
Cincinnati, Treas.Office.
April 1.;
Oct.
Jan.
Jan.
Mar.
1887
1, 1905
1, 1937
1, 1903
15, 1888
OPERATIONS AND FISCAL RESULTS.
1886.
635
Operations—
1,186,779
1,061,091
Passengers carried..
1,0*5,448
1,182,099
Passenger mileage
48,891,744 46,810,896 44,970,677 48,656.5 *2
Rate $ pass. $ mile
2-21 cts.
2*32 cts.
2*30 cts.
2*38 cts.
Fr’glit (tons) carried
3,075,385
2.517.062
3,031,595
3,546,260
Fr’ght (t’ns) mileage 484,716,894 612,653,372 587,723,362 683,672,526
Ave. rate $ ton $ m.
0-60 cts.
0 52 cts.
0-59 cts.
0 (53 cts.
Earnings—
$
$
$
$
Passenger
1,134,689
1,036,077
1,036,165
4,3(4,564
2,902,433
Freight
3,418,447
3,159,887
1,157,822
Mail, express, Ac
359,718
37(,632
357,704
414,794
Op expa. and taxes.
J.
A.
F.
M.
«.
Dividend.
N. Y., Union Trust Co.
do
do
do
do
do
do
do
do
do
do
Various
g.
7
Where Payable
Whom.
A. A O.
5, 6,7
1,800,000
10.000,000
100
—
Bonds— PrincL
pal,When Due,
and by StocJcs— Last
INTEREST OR DIVIDENDS.
Amount
OPERATIONS AND FISCAL RESULTS.
Miles of r’d operated
3?
1884.
Miles operated
Earnings—
Passenger
Freight
1885.
1886.
1887.
1,318
1,340
1,365
1,399
$
$
1,305,515
4,255,398
Mail, express, &o
4,132,530
221,690
Gross
5,784,931
P.o. of op. ex. to earn.
4.007.022
1,777,909
69*26
earnings
Oper’g exp. A txs...
Net earnings
$
1,413,218
4,466,734
253,897
1,430,711
273,315
6,153,267
3.848,575
6,940,873
4,633.615
2,304,692
2.307,258
5,814,810
3.721,151
2,093,659
63*99
$
1,743,225
4,902,910
2-19,738
62*55
66*76
1885.
1886.
1887.
^
1,777,909
651,125
212,221
2,093,659
7*21,99)
2,304,692
2,307,258
741,065
33, 235
73.959
2,641,255
$
49,174
2,848,889
$
3,119,716
$
117,009
1,337,956
654,501
39,954
3,001,713
INCOME ACCOUNT.
1884.
Rccsijyts
^
Netearnings
Net from land grants
Other receipts
Total income
Disbursements—
Rentals paid
Interest, on debt
Div. on pref. stock..
Rate of dividend
Loss on prop, roads.
Tot. disbursem’ts
Balauce surplus
-(V. 44. p. 184,
1,320,146
62,982
1,334,324
787,976
(7)
13,065
675,408
(6)
12,524
675,408
(6)
$
82,288
1,337,956
675,408
(6)
9,624
8,409
2,085,238
2,139,997
2,104,061
763,6)1
979,719
897,652
V. 45, p. 492; V. 46, p. 302, 319, 411.)
2,170,361
470,891
263, 19 3
;
Chicago Sc Western Indiana.—Owns from Dolton and Ham¬
mond, III., to Chicago, with a belt railroad and branches, with ware
houses, elevator, Ac., 48 miles of reads and 132 miles of track in all
including 2d, 3d, 4th and siding traok (of which 51 miles were leased to
the Belt R’y of Chicago), and about 400 acres of real estate. This
company leases its road for right of way into Chicago and terminal
facilities therein to the Wabash, the Gr. Trunk of Can., the Chic. A E.
Ill., the Ohio. A Atl., the Louisv. New Alb. A Chic, and Chic. 8. Fe A Cal.
roads; the annual rentals stipulated exceed the interest charg econsiderably. The stock is $5,000,000 and bonds are limited to $10,500,000;
the bonds are liable to be redeemed at any time at 105 by a
sinking
fund, which is provided for by increased rentals to be paid for that
purpose. Sinking fd. payments in 1888 about $85,009, applying only
to Istmortg. bonds; payments increase yearly by interest on bonds re¬
deemed. See annual report V. 44, p. 780. In 1887 gross
receipts were
$699,501: surplus over fixed charges, $168,829. In 1886 revenue from
rentals, etc., was $700,928 ; interest,etc., $534,784; surplus, $166,144.
-(V. 43, p. Z2; V. 44, p. 751, 780.)
Chicago Sc West Michigan.—Owns from Lacrosse, Indiana, to
Pent water, Midi., 209 miles; branches—Holland Junction to
Allegan,
23 miles; Holland to White Cloud, 70 miles; Fruitport to
Muskegon,
10 miles; Kirk’s Junction to Piokand’s Junction, 3 miles;
Muskegon
to Port Sherman, 6 miles; Woodville to Muskegon River, 17
miles;
Mearsto Hart, 3 miles; B. R. Junction to Big Rapids, 51 miles; Wiiite
River Junction to Baldwin, 20 miles; total operated, 413 miles. In
1887 leased to Chicago* Ind. Coal RR., about 18 miles.
Organized as successors of Chicago* Mich. LakeShoreJan. 1, 1879,
and consolidated in Sept., 18S1, with the Grand Havon road, and
the Grand Rapids Newaygo & Lake Shore.
There are .yet outstanding $24,000 G. R. N. & L. S. 2d Div. bonds.
Earnings, Ac., have been as follows:
1884.
1885.
1886.
$
$
1,297,301
1887.
$
1,395,979
1,414,022
468,977
2,217
348,788
4,072
370,482
349,393
471,194
352,860
379,743
$
$
222,085
21.5,257
224,080
123,004
$
1,469,667
Net earnings
Other receipts.
Total income
Disbursements—
Interest on debt
Dividends
Total gross
earnings
Rcc&ijyts
9,261
$
225,024
153,755
$
220,209
123,004
Total disbursements.... 437,342
347,084
378,779
343,213
Balance
sur.33,852 sur. 5,776
964
-(V. 44, p. 525; V. 46, p. 199.) Cincinnati Hamilton Sc Dayton.—Owns from Cincinnati, O..
to
Dayton, O., 60 miles and McComb to Desiiler, 9 miles; leased—Dayton
Michigan, Dayton to Toledo, 142 miles; Cincinnati Hamilton *
Indianapolis, Hamilton to Indianapolis, 99 miles; Cincinnati Rich
mond * Chicago, Hamilton, O., to Indiana State lino (and leased road),
44 miles; total operated, 351 miles; eacli lease reported separately.
In June, 1887, authority to issue $10,000,000 pref. stock was voted
and part was issued under the Ives management, but was
contested;
in Jan., 1887, the stockholder voted to issue $2,000,000 bonds and
A
$500,000 common stoeK.
The bonds issued in 1887 are a second lien on the main line, 60 miles,
and also cover the road from MoComb to Deshlor, 9 miles, the perpetual
leasesof the Dayton & Michigan and Cinomnati Richmond A Coioago
roads and $1,366,653 of debt claimed to ba due from the GLaalnaati
Hamilton Ind. RR. Co.
38
INVESTORS’
SUPPLEMENT,
[Vol. XLVI,
RAILKOAD
1888.]
May
STOCKS AND
RONDS
39
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
explanation of column headings, &c., see notes
first page
of tables.
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Amount
LRate per
Cent.
Outstanding
When
Payable
Where Payable, and by
Whom.
pal,^When Due,
Stocks—Lust
Dividend.
;
on
Mile 8
Date Size, or
of
of
Par
Road. Bonds Value.
Cinn. Indian ap. St. Louis dk Chicago—(ConVd)—
Ind. & Cin. of 1858,1st mort
Indianapolis Cin. & Laf. mortgage —.
Cin. * Ind., 1st mortgage
do
2d M., guar., and funded coupons—
Gen. 1st M. gold sink, fund (for $10,000,000) .c&r
Consol, mort., drawn at|105,s. f. 1 per cent
c*
Cincinnati Lafayette A Chicago, 1st mort., gold ..
Cinn.Jack.dk Mack.—lst.consol., g. ($10,000 p.m.) cy
Cincinnati Van Wert A Mich., 1st mort
do
2d M., inc., payable at option.
do
Cincinnati Lebanon dk North.—1st m. (for $200,000)
Cincinnati dk Muskingum Valley—1st mortgage—
Cincinnati New Orleans dk Texas Pacific— Stock
Qin. Richmond dk Chic.—1st mort., guar. C. H. &D..
Cin. Richmond dk Ft. IT.—1st mort., gold, guar
Cincinnati Sandusky dk Cleveland—-Stock
Preferred stock.. .7
1st mort, Sand. Dayt. & Cin. (redeemable at 100)
2d mortg. Cine.. Sandusky A Cleve
Cincinnati dk Springfield—1st mortgage, guar— c
2d mortgage
.. c
CincinnatiWabash dk Michigan—Stock ($3,000,000)
CincinnaliWash. dk Balt— 1st M. gold (4^8 guarj.c
2d mortgage, gold
e
Prior lien, gold
c
3d mort., gold (3 pr. ct. for 10 years and 4 after) c
1st income mort., non-cumulative, gold
c*
2d income mort., non-cumulative
c*
Baltimore Short Line mortgage, assumed
c
”
Cincinnati & Baltimore mortgage, assumed
c
Scioto & Hocking Valley mortgage, assumed—c
Clearfield dk Jefferson—1st m.,g\i by Bell’s Gap..c*
95
151
20
20
All.
175
56
263
....
....
37
148
1858
1867
1862
1867
1886
1880
1871
1886
1881
....
1886
1870
1
$500Jco.
1,000
1,000
1,000
1,000
1,000
100 &c
....
1,000
5 g.
6
6
5
36
1866
1,000
100,000
1,500.000
3,000,000
560,000
91
1871
1,000
1.800,000
50
50
7 g.
4,003,330
428,850
538,000
1,100,000
2,000,000
2
3
6
7
7
7
336
190
190
1,000
100
.....
....
48
48
165
....
....
....
....
....
....
....
,
.
.
.
37
1866
1867
1871
1872
1,000
1,000
1883
....
1*000
1883
1883
1,000
1,000
1883
1,000
1,000
1,000
7
3
7
13,040,000
2,270,000
1883
1883
1869
....
....
651,000
(?)
500.000
3,214,000
4,000.000
750,000
500,000
300.000
1852
1886
j
7,500,000 j4i3g<fc 6g
1,000
1,000
50u Ac
1887, a controlling interest in tlie stock of tlie Terre Haute &
Indianapolis RR. was purchased; the stockholders voted to constructor
lease a line from Hamilton to Middletown, O., and issue $500,000 of 4*2
per cent bonds; also to authorize tlie $10,000,000 pref. stock (see V. 44,
808).
782,000
5,627,000
814,000
924,000
2,016,000
1,200,000
1,200,COO
1,000
A. & O. N. Y., Drexel, M. A Co.
Oct., 1888
F. & A.
do
do
Feb., 1897
D.
J. &
do
do
Deo., 1892
do
J. & J
do
Jan., 1892
Q.-F. N. Y., Central Trust Co. Aug. 1, 1936
M. A N. N. Y., Drexel, M. A Co. May 1, 1920
M. & S.
do
do
Sept., 1901
J. & D. N.Y., Central Trust Co. Dee. 1, 1936
J. & J. N.Y., Shel’n A Co.,4 Wall Jan. 1, 1901
1930
J. A J. Cinn., 4tli Nat’l Bank.
1916
J. A J. Jan., ’86, cp. last paid.. Jan. 1,19C1
Feb. 5, 1833
J. A J. N.Y., Winslow, L. A Co.
July, 1895
J, & D. N.Y., Winslow, L. & Co.
June 1,1921
M. A N.
May 1/ 1884
M. & N. Bos’n Office, 3 M6r.Row May 1, 1888
F. & A. Boston, Nat. Revere Bk. Aug. 1, 1900
J. & D.
Deo. 1, 1890
Boston, Office.
A. & 0.
N. Y., U. S. Trust Co.
April 1, 1901
J. & J.
do
do
Jan. 1, 1902
7
7
7
7
4 g.
6
7 g.
431,000
2^9,000
1000 &o
In June,
p.
$1,095,000
1,000.000
5 g.
m:*&
n. N.Y.,Farm’s’ L.&Tr. Co.
J. A J.
A. & 0.
F. & A.
do
do
do
do
do
do
4 ^g.
3-4
5
5
7
J. & D.
7
J. & J.
M. & N.
7
6
J.
do
do
do
do
April 1, 1893
do
do
Cin., C. W. & B. Office.
do
Nov. 1, 1931
1931
Nov. 1,
Nov.
Nov.
Nov.
Deo.
Jan.
do
1, 1931
1, 1931
1', 1931
1, 1904
1, 1900
May 1, 1896
& J. Phil.,Guar. Tr.& S.D.Co Jan.
1, 1927
'69, and reorganized as at present Jan.,'70. Road was leased for 99
years from Jan. 1, '73, to P. C. A St. L., but on Dec. 31, '85, the C. & M,
V. Co. resumed possession. A decree for the sale of the road was made
in 1887.
Gross earnings in 1886, $391,132; net, $74,511 interest,
The failure of II. S. Ives & Co., in August, 1887, placed tlie $105,000 ; deficit, $47,098. In 1887 gross, $441,054; net, $44,695; de¬
complicated situation. The securities in its ficit uuder fixed charges, $102,252. Amount due lessee Dec. 31. 1887,
affairs of this company in a
treasury had been used largely for loans, and preferred stock to an un¬
known amount had been issued and pledged by Ives & Co. The assets
of Ives <fc Co. were given in V. 45, p. 333, showing $4,689,600 of pre¬
ferred Cinn. Ham. & Dayton stock and $4,665,904 of common. The
stock of the Day. <fc Midi, was sold to David Sinton and Thos. J. Emery.
From April 1 to Sept. 30 in 1887 (6 mos.) gross earnings were $1,712,536 against $1,508,035; net, $754,593. against $608,586; surplus
over interest and pref. stock dividends, $235,248, against $166,880.
Fiscal year ends March 31. Income account for all the roads operated
showed the following;
1884-85.
1885-86.
1886-87.
Gross receipts
$2,865,933
$2,856,559
$3,122,141
Operating expenses and taxes.. $1,841,271
$1,813,899
$1,947,218
C. H. <& D. div., com. and pref..
236,940
236,940
325,259
Interest
490,718
503,266
507,443
D. A M. dividends
132,017
132,024
132,020
Miscellaneous
10.650
8,812
$2,673,577
$2,724,144
$2,920,756
$182,982
$201,385
surplus
$141,789
-(V. 44, p. 59, 90, 148, 211, 439, 526, 713. 751. 807; V. 45, p. 53, 210,
239, 333, 369, 437,472,572,613,672. 820, 855.)
Cincinnati Indianapolis St. Louis Sc Chicago.—(See Map.)—
Owns from Cin. to Lafayette., Ind., 174 miles; Lawrenceburg branch,
3 miles; Harrison branch. 7 miles; Fairland F. & M. Road, 38 miles;
and Cincinnati Lafayette & Chicago (leased), 76 miles; Vernon Green.
& Rush., 44 miles; Kankakee & Seneca (one-half owned), 43 miles; Col.
Hope A Green., 26 miles; total operated, 411 miles.
This company was formerly the Indianapolis Cin. A Laf., which road
was sold in foreclosure Feb. 2, 1880, and this company organized.
The new 4 per cent mortgage for $10,000,000 (Central Trust Co. and
Hervey Bates, trustees) will retire all other bonds as they fall due, and
leave a surplus of $1,000,000 for other purposes as needed. The sinking
fund for these bonds is 1 per cent yearly of the amount of outstanding
bonds; payments lapse when bonds cannot be purchased at 102*2 and
interest. In March, 1887, stockholders had the privilege of subscribing
to $3,000,000 new stock at 65.
(V. 44, p. 275.)
From July 1, 1887, to March 31, 1888 (9 mos.), gross earnings were
$2,027,215, against $2,046,547 in 1886-7;
net, $714,698, against
$771,^92; surplus (adding miscellaneous income) over fixed charges,
$414,701, against $340,267.
Fiscal year ends Juno 30; report for 1886-7 was in V. 45, p. 436, 433
INCOME ACCOUNT.
cf
Total
Net
1883-84.
Gross earnings
Net earnings
Disbursements—
Interest on bonds....
Dividends
Rate of dividends.
Miscellaneous
1884-85.
$
2,498,539
903,190
$
2,595,859
935,678
626,233
624,482
..
Total disbureein’ts.
5,254
631,487
29,045
653,527
282,151
1885-86.
$
2,526,934
986,872
624,234
210,000
(3 p. c.)
18.844
853,078
133,794
1886-87.
$
2,752,892
1,052,296
643,267
332,500
(4% p. e.)
15,582
1,091,349
271,703
60,947
Balance, surplus
—(V. 44 p., 59, 90, 244, 275, 343, 494,808; V.45, p. 112, 271, 436, 437
438, 509, 672,855; V. 46, p. 102, 254, 255, 352, 480, 609.)
Cincinnati Jacksonc & mackinaw.—[See Map.)—Owns from
Carlisle, O., north to Addison, Mich 188 miles; Allegan to Dundee, Mich.,
133 miles; total operated, 321 miles. This Co. was formed Feb. 12,1886,
by consolidation of the Cinoin. Van Wert A Mich. RR. and the Jackson
A Ohio RR. In 1887 purchased the Mich. A Ohio sold in foreclosure.
The bonds are issued at $10,000 per mile, covering also equipment
which cost about $1,000,000. thus reducing the lien on the road to near
$7,000 per mile. The authorized issue of 1st consol, bonds is $6,000,000; pref. stock 6 p. c.. non-cumulative, $7,350,000, and common stock,
$13,500,000, of which $10,850,765 common and $6,228,000 pref. were
outstanding Sept. 30, 1887. Of the 1st consol, mort., $1,200,000 will bo
,
used to retire the
same
amount of Cin. Van
Wert &
Micli.
1st mort.
bonds, due 1901, which are a first lien on 81*3 miles (called the Central
Division) between Cecil, O., and Greenville, O. See abstract of mort¬
(Central Trust Co. of New York, trustee) Vol. 45, p. 574.
year ending Sept. 30, 1837, gross earnings on average of 205
miles, $362,273; net over rentals and taxes, $122,590; surplus over
interest, $42,598; add received from local aid, $23,892; total surplus,
$66,490. J. M. C. Marble, Pres’t, Van Wert, O.; George R. Sheldon, VicePres’t, N. Y. City.—(V. 44, p. 608, 812; V. 45, p. 571, 574; V. 46, p.
38,134.)
Cincinnati Lebanon Sc Northern.—Cincinnati, O., to Dodds, O.,
36 miles; branches, 2 miles; total, 38 miles. This Co. was formed in
gage
In
1885,
as successor
$1,000,000.
of the Ginn. Northern, sold in foreclosure.
Stock is
Gross earnings for 17 months to Dec. 31, 1886, $176,691;
net, $45,969.—(V. 44, p. 243 )
Cincinnati «fc Muskingum Valley.—Owns from Morrow, O., to
Dresden Junction, O., 148 miles.
Sold under foreclosure Dec. 3,
$1,081,013, and for coupons
Capital stock, $3,997,320.
up to
July, 1887, not presented, $158,550.
Cincinnati New Orleans Sc Texas Pacific. - (See Map).—This is
the company organized under the laws of Oliio Oct. 8,1881, to operate
the Cincinnati Southern, and 51 per cent of the stock is held by the Eng¬
lish companies, the Ala. Great So. Ry. Co., Lim., and the Ala., New Or,
Tex. Pac. J. Co,, Lim. The Cincinnati Southern road extends from Cin¬
cinnati to Chattanooga, Tenn., 336 miles. The Ala. N. O. &T. P. also
controls the Vicks. & Mer., 142 miles ; Vicks. Shrev. A Pae., 189 miles;
N. O. A No. East., 196 miles; and Spanish Fort RR., 13 miles.
See
title in this Supplement. The rental duo the Cincinnati Southern i»
$912,000 till 1891, $1,012,000 till 1896, $1,102,000 till 1901, and
$1,262,000 fill 1906. For action of Ohio Senate relative to lease of
Cinn. Southern see V. 46, p. 319. The annual report for 1887 in V. 46.
p.
252, gave the following income account for four years:
1884.
Total
1885.
,
earnings
$2,658,184
Working expenses...
1,754,174
Net earnings
“$904,010
$2,681,546
1,616,735
$1,064,811
1886.
1887.
$2,882,172
1,753,879
$1,128,292
$3,377,552
2,034.572
$i,342,98<>
Deduct—
For
taxes
$82,800
$93,800
$79,700
For rental
812.000
812,000
834,043
$82,214
912,000
$894,800
$905^800
$913,743
“$994,214
Total
Surplus
revenue
$9,210
$159,011
$214,549
$348,766
-(V. 43, p. 125, 210,774; V. 41, p. 21, 243; V. 45, p. 819; V. 46,p. 252.)
Cincinnati Richmond & Chicago.—Owns from Hamilton, O.,
to Indiana State Liue, 37 miles; leased, Richmond, Ind., to Ohio State
Line, 7 miles; total operated, 44 miles.
Reorganized May 3, 1866, and
leased in perpetuity from Feb., 1869, to Cinn. Ham. A Dayton Co., this
Co. to receive all surplus after expenses and bond interest.
A 2d mort.
of $65,000 due 1889 is owned by C. H. A D. Capital stock, $382,600.
-(V. 46, p. 573.)
Cincinnati Richmond Sc Fort Wayne.—Owns from Rich
mond, Ind., to Adams, Ind., 86
miles;
leased, 5 miles of Pittsburg
Fort Wayne A Chicago; total operated, 91 miles. Leased for 99 years
to Grand Rapids A
Indiana, tlie rental being net earnings; in¬
terest is g uaranteed by the lessees and by the Pennsylvania Company
and Cincinnati Hamilton A Dayton Company, .joiutly.
Gross earnings
in 1887, $418,508; net, $100,492; loss to guarantors, $30,961. Gross
in 1886, $383,585; loss to guarantors, $68,166. Capital stock, $1,709,313.
Total advances by guarantors to Dec. 31, 1887, $1,037,593.
Cincinnati Sandusky A Cleveland.—Owns from Sandusky
Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Findlay, 16 miles;
leased. Columbus
Springfield & Cincinnati, 44 miles; total operated, 214
rnilos, less the division between Springfield & Dayton, 24 miles, whiob is
leased to the Clev. Col. Cinn. A Indianapolis. The preferred stock
has a lieu by deposit of old bonds in trust.
There are also outstanding
$350,000 Sandusky City A Cleveland 1st mortgage bonds due June,
1887. In April; 1881, a lease was made to the Indiana Bloom. A West¬
ern, but litigation ensued, and the I. B. A W. was sold in foreclosure
in 1887. (V. 44, p. 90; V. 45, p. 613.)
Cincinnati Sc Springfield.—Operates from Cincinnati, Ohio, to
Springfield, Ohio, 80 miles, of which 32 miles were leased from other
companies. The whole is leased and operated by Cleveland Col. Cin.
A Ind. Co., giving them a line into Cincinnati, and depot accommoda¬
tion. Lessees apply any excess over operating expenses and interest
Interest Is guaranteed on thajarst mortgage, one-half
by the lessees and one-half by L. Shore A Mich. Southern. Stook is
$1,100,000; par $50. To January, 1888,tne C. C. 0. A I. had advanced
$2,8L5,754.
Gross in 1897, $1,202,065; net. $192,321 ; interest,
$185,570 ; balance, $6,571.
Gross earnings In 1886, $1,130,324; net,
$116,001 ; deficit under interest, $69,570.
Cincinnati Wabash Sc Michigan Railway.—Owns from
Benton Harbor, Mich., to Anderson, Ind., 165 miles; uses 0. 0. C. A I.
tracks Anderson to Indianapolis, 37 miles.
Sold Nov. 5, 1879; for
account of bondholders. New company organized April, 1880. Total
stock authorized, $3,000,000. Gross earnings for 1886, $389,139; net,
over-charges $98,404. Gross in 1887, $453,585; net over charges,
$104,939. J. H.Wado. President, Cleveland, Ohio.—(V. 45, p. 341, 538.)
Cincinnati Washington Sc Raltltnore.—(See Map of Balt. dk
Ohio.)— Cincinnati, O., to Belpre, O., 193 miles; branches—Marietta to
Belpre, 11 miles; Portsmouth to Hamden, 55 m ; Blanchester to Millsto C. & S. stock.
boro, 22
m.;
total, 281
m.
The Marietta & Cincinnati Co., was sold in foreclosure Deo. 9, 1882,
and re-organization was made Feb. 7, 1883, under this name. The com¬
mon stock is $5,836,100; prof., $12,u93,200; par $L00.
Prior lien bonds were issued for receiver’s certificates. Of the first
mortgage bonds, $1,250,000 were issued for the Cincinnati A Baltimore
RR. stock, and boar 6 per cent, the balance bear 4*3 per cent and are
guaranteed by the Balt. <fc Ohio RR. Co.
The income bondholders have
Indebtedness to B. A O. RR for supplies and coupons
paid Dec. 31.1887. amounted with interest to $1,973,945.
Report for
1887 was in Chronicle, V. 46, p. 536
voting power.
*
40
INVESTORS’
SUPPLEMENT.
[Vol. XLVI.
INVESTORS’
*■43
Subscribers will confer a great
For explanation of column headings, Ac.. see note
first page
of tables.
179
1st mortgage bonds, gold
c*
General mortgage, gold (for $1,800,000)...
Cleveland <k Canton.—Stock ($2,800,000 is pref.)...
1st mortgage bonds ($12,000 per mile)
Cleveland Columbus Cincinnati <£ Bid—Stock
1st mort. Bel. & Ind. (about $21,000 red. yearly)
do
C. C. C. & I. sinking fund
144
179
161
161
Cons. M. (s. f. 1 p.c.) drawn at 100 unless stamp’d
General consol, mort., gold (for $12,000,000)
Clevel. Lor. <& Wheel.—Cl. Tusc. Yal. A W. 1st M..
Cleveland dt Mahoning Valley-Stock.
1st mortgage, extended
c*
3d mortg. (now 2d)
c*
New mort. for $3,000,000, (reg. int. Q J.).. ..cAr
Niles & New Lisbon, 1st mortgage
c*
Cleveland <6 Marietta .—1st mortgage
c&r
Oleve. <6 Pittsb.—Stock, 7 p. ct. guar, by Penn. Co..
4th mortgage (now 1st)
o
Consolidated sinking fund mort. for $5,000,000.c
Constr’n and equip’tinc. bds., Ser. *‘A” ) S.f.drn.c
do
do
Ser. “ B” j at lOO.c
Ooeur <PJ.£ene-Sfcock
j
1st mortgage, gold
c*j
..
Oolebrookdale—1st mortgage
c
Colorado Central—1st M., new, ($15,000 per mile)o’
Colorado Midland—1st in., gold ($25,000 p. mile)c*!
Columbia <£ Greenville—1 at mort., g’ld,coup. or reg. j
Columbia <£ Port Deposit—1st mortgage
Columbus dc Ginn. Midland—1st mort
Columbus Hocking Valley & Toledo—Stock
Consol, mortgage, gold (for $14.500,000)
c
c
*
738
119
391
391
391
158
125
67
67
All.
35
•
•
•
•
226
199
199
Outstanding
$100
Rate per When Where
Cent.
Payable
1*9
$4,000,000
500 &c.
500 Ac.
100
1887
1,000
2;ooo;ooo
100
14,991,600
1,000
1,000
1,000
254,000
3,000,000
....
1878
....
1873
1876
1888
1870
1887
1,000
1,000Ac
1,000
50
1862
1867
1873
1873
30
1886
30
13
1868 1
1879 1
323
250 ! 1886 |
164 ! 1831 !
164 | 1881 j
40 i 1868 |
71
1884 '
328 |
{
324 ! 1881 i
500
1,000
1.000
1,000
500
lOOAc.
1,000
1,000
1,000
1,000
1,000
1,000
100
7
i
8,000,000
$536,198
1,079,861
Passengers
Freight
238,249
Mail, express, Ac
Total
earnings.... $1,854,308
Oper. expen. & taxes.
Net eamiDgs
1,408.371
$445,937
Fr
M.
J.
J.
F.
1\
!
$570,957
1,427,953
_
239,094
$1,238,004
1.615,840
$622,164
,
1886.
1887.
$445,937
Net earnings
$240,440
$547,463
$692,072
$693,275
$693,175
$693,175
408
28,594
1,213
$720,667
$694,488
$693,583
$693,175
Balance, deficit
$274,730
$454,048
$146,120
$71,011
—(V. 43, p. 308, 398; V. 44. p. 60, 90, 494, 781; V. 46, p. 536.)
Clearfield Sc Jefferson.—From Irvona, Pa. (terminus of Bell’s Gap
BR.) to Punxutawney on Buff. R. A P.ioad,37 miles. Road opened Jan.
1888. Stock. $1,000,000; par $50. Bonds are guaranteed principal
and interest by Bell’s Gap RR. Co., which operates the road under lease
for 99 years from Oct. 18,1886.
Cleveland Akron Sc Columbus Railway.—Owns from Hud¬
son, O., to Columbus, O., 144 miles, and branch, Kilbuck to Dresden,
35 miles; total, 179 miles. Default was made July, 1874, by Cleve. Mt.
Total disbursem’ts
do
do
6
7
7
7
2
6 g.
6
7
6 g.
6 g.
6
7
6
Cleveland, Office.
July 1, 1917
Feb. 1, 1883
Until Jan.1899
May 1, 1899
June
1,1914
1, 1934
1, 1898
Mar., 1888
Aug. 1, 1893
Sept. 15,1896
Jan. 1, 1938
Jan.
Oct.
N. Y., U. 8. Trust Co.
A.
do
S.
do
New York.
J.
J. N. Y., Union Trust Co.
Jan.. 1890
A. N. Y., Metrop. Trust Co.
1937
Q.-M. N. Y., Farm. L. A T. Co. June 1, 1888
do
J. & J.
Jan. 1, 1892
do
do
M. & N.
do
Nov. 1, 1900
do
do
J. & J.
Jan. 1, 1913
do
J. & J.
do
Jan. 1, 1934
Q.-F. N. Y., Central Trust Co. May 1, 1888
M. & S. N.Y., Land&Sec Inv.Co. Sept. 1, 1916
In default.
J. & D.
June 1, 1898
J. & J. N.Y.U.P.Of.AUn.Tr.Co,! July 1, 1909
N. Y., Cent. Tr. Co.
J. & D.
j June 1, 1936
J. & J. N.Y.,Co.’sOffice,2Wallst! Jan. 1, 1916
do
do
A. & O.
April 1, 1923
F. & A.
Pliila., Penn. RR.
| Feb. 1, 1893
Jan. 1, 1914
J. A J. N.Y., Farm’s’
A
&
&
&
&
L.ATr.Co.j
....
5 g. 1 M. &
S. N. Y., Chase Nat.
Aug. 19, 1885
Bank.I Sept. 1, 1931
1884.
1885.
$
Receipts—
$
1887.
$
644,225
213,032
1,221,129
263,626
1,442,458
258,004
949,694
857,257
1,484,755
1,700,462
602,540
102,633
659,385
79,896
702,810
2,133
700,675
1,800
704,943
779,812
*997,987
Net earnings
Rentals and interest
Miscellaneous
724,493
Total income
Disbursements Interest on debt....
Miscellaneous
Total disbursem’ts
Balance surplus
244,521
...
18S6.
$
211,396
13,803
$622,164
/<?—
Int. on bonded debt..
Otner int. Amiscel
Jan.
INCOME ACCOUNT.
$533,797
$461,412
1,242,693
1,019,277
233,916
224,581
$1,705,270 $2,010,406
1,462,943
1,464,830
$240,440
$547,463
1885.
do
do
J.
N.
Q.-Mar.
1887.
1886.
’ 1885.
INCOME ACCOUNT.
1884.
do
do
6 g. J. & D. N.Y.Drex.M.ACo.A Lon
6 g. J. & J. N. Y.. U. S. Trust Co.
7
A. A O. N.Y., Union Trust Co.
EARNINGS AND EXPENSES.
1884.
Feb. 1, 1887
1, 1926
Mar. 1, 1927
Horsey.
or
2,000,000 j
1,000,000
1,882,000 !
2,000,000 !
11,696,300 1338 st’k!
1,000 l
N. Y., J. A.
do
do
Dividend.
J.;Bos. InterTTr.Co.AN.Y.
A.
N. Y., U. S. Trust Co.
2%
6,250,000 j
j
&
A
&
&
7 g.
7
5 g.
7
6
600,000 j
4,701,000 l
;
Stocks—Last
Whom.
.
1,000,000
360,000
....
J.
F.
J.
M.
pal, When Due
Payable, and by
•
(?)
500,000
600,000
11,247,036
1,104,844
2,054,000
1,589,000
404,000
500 Ao.
J. & J.
M. & S.
5
2
7
7
4,001,000
3,205,000
850,000
2,759,200
740,500
654,600
50
500 Ac.
500 Ao.
....
6 g.
5 g.
260,000
1,215,000
9,800,000
1,000
....
c*
Amount
1886
1887
1864
1869
1874
1884
[ Bonds—Princi
INTEREST OR DIVIDENDS.
Miles
Date Size, or
of
of
Par
Road. Bonds Value.
Cleveland Akron <k Columbus—Stock
Earnings from—
[Vol. XL VI.
favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
on
SUPPLEMENT.
.
Vernon & Del. Sold in foreclosure in 1882 to parties representing the
Holland bondholders. The company was rearganized under this title
in Jan., 1886. The 1st mort. bonds may be redeemed Jan 1, 1891, and
of the gen. mort. sufficient were held to retire the firsts. Gross earnings
in ’86, $542,915; net, $130,532; charges, $56,828. Gross in ’87, $609,530; net, $151,102 ; surplus over fixed cnarges, $66,387, out of which
paid dividend (lLj per cent) $60,000. Repoit for’86 in V. 44, p.433.
—(V. 44, p. 275, 369, 433 ; V. 45, p. 341, 792.)
Cleveland Sc Canton.—Line of road—Cleveland to Coshocton, O.,
115 miles; Canton to Slierrodsville, 43 miles; Oneida to Minerva, 3 miles;
705,173
*
739,281
117,976
*
702,475
From the surplus as here given each year, there was spent for addition
property: In 1885, $177,144; in 1886, $188,418; in 1887, $422,007
-(V. 44.p. 21. 59, 184, 308, 357, 368, 526. 621. 751; V. 45. o. 25, 84,
142, 437, 572, 743, 872, 886; V. 46, p. 220. 399, 410, 413, 537.)
Cleveland Lorain Sc Wheeling.—Owns from Lorain, O., to
West Wheeling, O., 158 miles. Chartered as Lake Shore & Tuscarawas
*
to
Valley in 1870 and opened in 1873. Sold under foreclosure Jan. 26,
1875, and reorganized as Cleveland Tuscarawas Valley A Wheeling. In
February, 1883, road sold and reorganized as Cleveland Lorain A
Wheeling. Common stock is $L,000,000 and preferred $4,600,000.
In
1887 gross earnings were $1,102,882; net, $366,021. In 1836 gross
earnings, $814,357; net, $257,403; interest, $49,000; surplus, $208.403: div. 3 p.c. on pref. stock May 12. ’86. (V. 44, p. 653; V. 46, p. 609.)
Cleveland Sc Mahoning Valley.—Owns from Cleveland, O.,
to Sharon, Fa., 81 miles; Niles, O., to New Lisbon, O., and branches,
44 miles; total operated, 125 miles. It was leased to Atlantic & Great
Western in perpetuity from October 1, 1861. A new lease was made
to the reorganized company, New York Penn. & Ohio, till Oct. 1, 1962;
the rental is $412,180 per year. Dividends have been paid at irregular
periods, and amount to 11 or 12 per cent per annum.-(V. 45, p. 472,)
Cleveland Sc Marietta.—Operated from Marietta, O., to Canal
Dover and branch, 99 miles, and 7 miles, Valley Junction to Canal
total, 161 miles. The Connotton Valley Railroad was sold in foreclosure Dover, leased. The Clev. & Marietta was successor to the M., Pittsb. &
May 9,1885, and this company was organized with an authorized capital Clev., foreclosed in 1877. The road was again foreclosed May 5,1886,
of $4,000,000 common and $8,000,000 pref. stock; par $100. The and reorganized, and $2,000,000 new stock was issued in June, 1887.
mortgage of $2,000,000 was issued to change the gauge to standard, In year endiDg June 30, 1867, gross earnings were $300.617; net,
Ac., and the bonds were offered in New York in Jan. 1888. See V. 46, p. $63,103 ; surplus over interest and rentals, $34,382. In 1885-6, gross,
125 and 481 (application to N. Y. Stock Exch.)
In Feb., 1888, stock¬ $293,8^)2; net, $62,813. A. T. Wikofi’, Pres’t., Cambridge, Ohio. G. H.
holders were offered a privilege on $600,000 of Coshocton A Southern RR. Caudee, Secretary and Treas., '52 William St., N. Y.—(V. 44, p. 653.)
bonds at 80. with $500 in stock. (8ee V. 46, p. 228 ) The gross earnings
Cleveland Sc Pittsburg .—(See Map Penn. RR.)—Cleveland, O., to
for year ending June 30, 1887, were $370,007; net, $73,278; From July Rochester, Pa., 124 miles; branches—Bayard, O., to New Phila., 31
1, 1887, to Apr. 30,1888 (10 months) gross earnings were $319,163, miles; Yellow Creek to Boll'aire, 43 miles; leased, Rochester to Pittsburg
against $307,082 in 1886-7; not over exp. and taxes, $101,531, against (P. Ft. W. & C.), 26 miles; total operated, 226 miles. The property was
$67,273. (V. 44, p. 120, 211. 275, 400, 433, 621, 75L; V. 45, p. 84, leased for 999 years from Dee. 1, 1871, to Penn. RR. Co., and lease trans¬
ferred to Penn. Co. May 1, 1872. Rental, 7 per cent oil existing capital
271, 292, 855; V. 46, p. 200, 227, 320, 448, 480, 481.)
Cleveland Columbus Cincinnati Sc Indianapolis.—Owns and $10,000 per year for company expenses, the lessees assuming all lia¬
from Cleveland, O., to Columbus, O., 138 miles; Gallon,O., to Indian¬ bilities. The terms of the lease were 10 per cent, but the old stock was
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles; subsequently converted into a 7 per cent stock by an increase in amount.
total owned, 391 miles. Leases: Cin. & Spring. RR., 80 in.; Levering
For the year ending November 30, 1887,. the gross receipts were
Station to Mount Gilead, 2 in.; Ind. & St. Louis RR., Indianapolis to $3,330,998, and the deficit to lessee after making all payments was
Terre Haute, 72 m.; St. L. Al. & T. H., East St. L. to Terre Haute, 189 $165,550, against a deficit of $161,482 in 1886.
Cceur d’Alene Railway Sc Navigation.—Road from Thomson’s
miles; Alton branch, 4 miles; total owned, leased and operated, 738
miles. This was a consolidation in April, 1868, embracing the C. C. & C. Falls, Mont., to CVeur d’Alene River in Idaho, and along the South Fork
and the Bellefontaine roads; subsequently leased Cinn. A Spring. RR. to Old Mission, 30 miles, then- having a steamboat line to Cceur d’Alene.
and St. L. Al. & T. H. RR., and purchased Ind. A St. L. RR.
The stock is $1,000,000, and 8 per cent dividends have been paid. In year
In 1882 the Co. acquired control of the Indianapolis A St. L., and made ending March 31, 1838, gross earnings were $202,104 ; net, $112,407;
a new lease of the St. Louis Alton A Terre Haute Railroad.
The sinking surplus ever charges and 8 per cent dividend, $16,207. Daniel C. Corbin,
fund provision of consolidated bonds may be canceled at option of President. A. C. Chapin, 115 Broadway, Secretary.
(Vol. 46, p. 191.)
holders, and the bonds so stamped.
Colebrookdale.—Owns from Pottstown, Pa., to Barto, Pa., 13 miles.
Range of stock prices since 1882 has been: In 1883, 542)84; in 1884, Leased for 20 years from Jan. 1,1870, to Phil. A Read., at 30 p. c. of gross
28'2>69L>; in 1885, 23®69; in 1886, <13^®75^; in 1887, 47^^68; earnings, but proposed changes in bonds given in V. 45, p. 143. Gross
In 1888 to May 18, inclusive, 421a2>5312.
earnings in 1885-36, $55,528; net earnings (30 p. c. rental), $16,658; in
From Jan. 1 to Feb. 29, 1888 (2 11103.), gross earnings (including 1886-7 rental was $19,859. Stock, $297,215; par $50.
(V. 45, p. 143.)
Cin. Sc Spring, and Ind. A St. Louis), were $1,097,514, against $1,077,Colorado Central—(See Map of Union Pacific)—Denver to Golden
172 in 1887; net, $239,633, against $297,795; deficit under interest 16 milos ; Golden to State liue, 106 miles; Denver Junction to La Salle,
and taxes, 75,951, against $44,314 in ’87; deficit after additions to prop¬ 151 miles; and narrow gauge line from Golden to Georgetown, 35
erty, $113,066, against $236,035.
miles, and Forks Creek to Central City, 11 milos; leases line from
The annual report for 1887 was in the Chronicle (V. 46, p. 410.).
Colorado Junction to Wyoming State line, 9 miles; total operated, 328
On the C. C. & I. C. proper, the results for four years were as follows ; miles. Chartered in I860, and main line opened in 1870. Tc is owned by
tlie Union Pacific, which holds $4,697,000 of above bonds. The new
OPERATIONS AND FISCAL RESULTS.
mortgage (trustees Fred. L. Ames and Jay Gould) was issued to take
1884.
1885.
1886.
.1887.
up the old 8 per cent bonds, of which $37,000 are yet out.
Stock,
Miles owned
391
391
391
391
Operations—
938,647
Passengers carried..
956, 591
820,607
1.008,031
42,176,610 38,145,360 39,496,055 43,453,750
Passenger mileage
surplus, $73,341.
Rate $ pass. $ mile.
2133 cts.
2-091 cts.
2 282 cts.
2-150 cts.
Colorado Midland.—(Ser Map)-This standard gauge road has
2,347,792
Freight (tons) moved
2,513,780
2,644,021
2,808,149
been completed from Colorado Springs to Newcastle, Colorado, 178
Av. rate $ ton $ mile
0 633 ets.
0-577 cts.
0 679 cts.
0-700 cts. miles; road was opened for operation Sept. 1, 1887, to Lead ville, 133
miles; branch to aspen, 17 miles. At Colorado Springs connection is
Earnings—
$
$
$
$
made with Denver A Pueblo over the Denver A Santa Fe road, which
Passenger
797,679
899,435
849,168
991,445
lias just been constructed in the interest of the Atchison Topeka &
Freight
2,518,873
2,471,863
2,877,157
3,170 564
Santa Fe. The mortgage upon the property is for $6,250,000, being at^
Mail, express, Ac..
182,038
136,865
196.380
194,165
the rate of $25,000 a mile, and the stock is $5,000,000. See abstract
Total gross earn’gs.
3,600,346
3,456,407
3,920,490
4,358.3*9 of mortgage (Central Trust Company of New York, trustee), in V. 45»
2.875,853
Oper. exp. A taxes...
2,812,182
2.699,361
2,915,931 p. 540.
Mr. J. J. Hagerman, Colorado Springs, is the President.—(V.
Net earnings
724,493
644,225
1,221,129
45, p. 304, 509. 540; V. 46, 289.)
1,442,4
..
..
BSAOTONNCDKS
RAILOD
44
INVESTORS'
Subscribers will confer
a
SUPPLEMENT.
great favor by giving immediate notice of any error discovered in ihdse Tables
DESCRIPTION.
Miles
Date
of
of
explanation of column headings, &c., see notes
on first page of tables.
Road. Bonds
Mortgage bonds
Massawippi st’k, guar, same div. as Conn. & Pass.
do
bonds, guar, by Conn. Sc Pass
Newport & Riohford bonds, guar, by C. & P
Connecticut River—Stock
Connecting (Phila.)—1st mortgage, endorsed
c
Corning Cowanesque d Antrim—Debentures
c”
Covington & Macon—1st M., gold (£12,<>00 perjm.)c
Cumberland d Pennsylvania—1st mortgage
2d m., sinking fund, (guar.) extended in 1888
Cumber Land Valley—Stock ($484,900 is preferred).
1st and 2d mortgages.
c*
Southern Pennsylvania, 1st mortgage, gold
c*.
Danbury d Nor—Stock, 5 p. e. gu. 99 yrs. Hous. RR.j
1st and 2d mortgages
0*
Consolidated mortgage
c*
General mortgage
c*
Dayton Ft. Wayne d Ch.— 1st M
327
121
121
118
85
45
60
55
55
172
71
1884
1867
1872
’75-’80
1880
1871
1881
or
Pai
Outstanding
$1,000
....
1874
41
....
147
110
37
37
22
80
7
78
72
38
38
125
52
24
....
1873
...
1870
1881....
1864
1883
1885
1866
1868
....
1,000
1.000
1,000
1,000
50
1,000
50
500 &c.
100
100
100 Sea.
100
1,000
37
....
33
’70-’72
1880
1883
36^2
777,000
3.100,000
1,584,000
1,000,000
800,000
1,786,200
302,000
1,500,000
500,000
350,000
2,500,000
1,500,000
400,000
1,000
400,000
350,000
100
2,370,000
1,000
1,000
991.000
1 000
1,250,000
940,000
1,000
1,000
300,000
803,500
50
1,777,850
270,500
625,000
600,000
500<fcc.
1870
Rate per
Cent.
$1,378,000
1,401,000
500&e.
1.000
....
1860
Amount
Value.
....
50
100 Sec.
100
400,000
100,000
150,000
6 g.
7
7
7
7
7
6
2
7
5
7
3
2ia
7
2ia
6 g5
2
6
6
6 g.
6
6
2
8
7 g.
2ia
7
6
5
When
Where
Payabl6
Stocks—Last
Whom.
& D. N.
J.
Payable and by j
A. & O.
Dividend.
Y., Chase Nat. Bank.
do
do
do
do
June
Oct.
Jan.
1900
do
do
do
do
J. Sc J.
Various
M. & N.
M. Sz S. Bost.,3 Merchants’ Row
J. & J.
N. Y., Nat. Citv B’k.
1, 1904
1, 1897
1, 1892
<fc 1905
May 10, 1910
Sept. 1, 1901
Jan.
1, 1911
Q.-M. Columbus, O., Treasurer March, 1888
& S. N. Y., Am. Excli. N. B’k Sept. 1, 1890
M.
M.
J.
J.
F.
A.
F.
J.
J.
<fe
&
&
Sc
‘Sc
Sc
&
&
N. Bost. &Manche8ter ,N. H.
J. Bost., Treasurer’s office
J. Bost.&Manchester.N.H.
A. Bost.Safe Dep.& Tr.Co.
O.
do
A.
do
J.
do
J.
do
Q.-J.
M.
M.
M.
M.
M.
& S.
& N.
& S.
Sc S.
Sc N.
May
1, 1888
1894
Jan,1888
Feb.
1, 1888
April 1,1893
Feb.
Jan.
Jan.
1. 1888
1, 1890
1, 1911
Boston, Springfield, &c. April 2, 1888
Phila., Penn. RR. Office. 1900-’l-’2-’3-’4
Phila. F. I.T. & S. D. Co. May 1, 1898
N.Y., Green & Bateman. Sept. 1, 1915
N.Y., Consol.Coal Olfice March 1,1891
do
do May 1.1891
Phila. and Carlisle. Pa.
Apiil 2,1888
<fc 0. Phila., T. A. Biddle & Co. 1904 Sc 1908
& 8.
Phil tdelphia.
Mar. 1. 1900
Sc A New York and Danburj- Feb. 15, 1888
Sc *L IToiiR.atonh*, RR., Bri’pt
1890-92
Sc J.
do
(lo
1920
A 0. N.Y., Bank of Republic.
1925
Q.-J.
A.
M.
F.
J.
J.
A.
r
....
|
....
!
Oolumb. Hocking Valley d Toledo—(Continued)—
Gen. M., g., on road & Hocking Coal & RR. Co...c
Col. <fe H. V. 1st M., (reg. $500,000 by TreasJ.c*
Col. & H. V. 2d mortgage bonds
c*
Columbus & Toledo, ist & 2d mortgage
c>
Ohio & W. Va„ 1st M. (s. f. $15,000)
c*
Columbus Springfield d Cincinnati—1st mort
c
Columbus d Western—1st M. (end. by Cent. Ga.) .c *
Columbus d Xenia—Stock C 8% p. c. r’l P. C. Sc St. L.;
1st mortgage
c* i Penn. RR. guar’s lease.
Concord—S took
Concord d Claremont—Bonds
c
Concord d Ports—Stock,7p.c. ren’l.99yrs. Conc’d
Conn. d Passum.— Stock, 5-6p c ren’l, 99 yrs, B. & L
1
Bonds—Princi*
; pal, When Due.
INTEREST OR DIVIDENDS.
Size,
•
or
[VoL XLV1.
Columbia & Greenville (S. C.)— (See Map of Kick. d IF. P. Term)
—The company owns from Columbia to Greenville, 8. C., 143 in.; brandies
to Abbeville and Anderson, 21 m.; total 164 m. Also owns Laurens RR.,
31 miles and leases Blue Ridge RR., 32 in., and Spartanburg Union Sc
Col. RR.. 69 m. Total operated, 296 miles. The Greenville A Col. road
was sold in foreclosure April 15, 1880, and
reorganization was made
under this name; preferred stock, $1,000,000; common stock, $1,000.000; par of shares $1(j0; certificates of indebtedness outstanding $161,-
773; due R. Sc D. Co., $174,726. A majority of the stock was held by the
Richmond Sc WestPt. Terminal Co., and in May, '86, this road was leased
to the Rich. & Dan v. RR. Co. From Oct. 1.1887, to April 30,U8-8 (7 mos.),
gross earns., $421,356, against $388,406 in 1886-7 ; net, $179,759, agt.
$153,893. In year ending Sept. 30, 1887, gross earnings on all lines
$559,468; net, $102,264; interest and rentals, $242,176; deficit
$139,912. In 1885-6, gross earnings, $655,831; net, $214,833 ; interest
and rentals, $251,418; deficit, $36,585.
(V. 43, p. 718.)
Columbia & Port Deposit.—Owns from Columbia, Pa., to Port
Deposit.Md., and branch, 44 miles. Operated by Pennsylvania' RR.Co. as
agent, but arrangement may be terminated on three months’ notice by
either party. Rental, net earnings.
Rental in 1887, $61,648; deficit
under charges. $70,103; in 1886. rental, $81,107; deficit under charges,
$47,782. Capital stock, $497,100, par $50; funded debt, $1,882,000,
and floating debt (coupons) $1,004,290 in 1886.
were
Columbus Sc Cinciun.ati Midland.-Line of road, Columbus,
O., to Clinton Val., O., 71 m. Opened in Nov., ’84. Stock, $2,000,000.
The company has a 50-years traffic agreement with the Baltimore A
Ohio andCin. W. & Balt, companies. Gross earnings in 1886, $320,259.
net, $112,795. Orland Smith, Pres., Cincinnati, Ohio. (V. 44, p. 495.)
Columbus Hocking Valley Sc Toledo.—Owns main line
from Toledo to Pomeroy, 256 miles; branches—Logan to Athens, 26
Logan to New Straitsville, 13; Monday Creek Junction to Nelsonville,
17; others, 13; total, 325.
This was a consolidation in July, 1881, of the Columbus & Hock¬
ing Valley, Columbus A Toledo, and Ohio <fc West Virginia. Of the
consolidated mortgage $6,500,000 was reserved to meet the prior
liens); the “Hocking Coal Sc RR.” joined in making these bonds. The
Central Trust Co. of New York is trustee. The general mortgage of 1884
covers the road, and is also a mortgage on the coal property of the
“Hocking Coal & RR. Co.,” whose stock is owned by the C. H. & T. The
divisional bonds originally had sinking funds, but uponfissue of consol,
niort. of 1881 sinking fund payments were discontinued.
A combination was made in 1885 with the reorganized Ohio Central
by which the company went under one management, as per the circu¬
lar in V. 40, p. 597, and the C. Sc H. V. guarantees the interest on the
T. A O. C. 1st mortgage bonds.
Range of stock prices since 1884 has been: in 1885, 18a>43; in 1886,
2678®4513; in 1887, 15©393i; in 1888, to May 18, inclusive, I7®2 57e.
Annual report for 1887 in V. 46, p. 351; income for four jrears was as
Railroad
Company, which owns $365,100 stock.
The Columbus &
8% per cent dividend per annum; 21^ per ceut March 10
and 2 per cent June 10 and Dec. 10..
Coucord.—Owns from Concord, N. H., to Nashua,N. H., 35 miles
Manchester & North Weare, 19 miles; Hookset Branch,7 miles; leased—
Concord Sc Portsmouth, 41 miles; Suncook Valley, 20 miles: Nashua
veton A Boston, 20 miles; Manchester Sc Keene RR., 30
miles; total
operated, 172 miles. Fiscal year ends March 31. Annual report, in V.
44, p. 652, Income account was as follows :
Xenia pays
and Sept. 10
INCOME ACCOUNT.
1884-85.
1885-86.
1886-87.
$1,142,894 $1,100,861
$176,190
$406,379
$1,0/1,963
$452,573
$1,166,847
$479,475
1883-84.
Gross earnings
Net earnings
Rentals
Taxes on stock
$144,593
$113,319
$112,532
37.360
37,755
36,872
143,236
150,000
104,091
150,000
152,314
150,000
$113,005
37,359
178,074
150,000
Total disbursem’ts. $475,189
Surplus
$1,(101
-(V. 43, p. 210; V. 44, p. Go t.)
$405,165
$451,718
$855
$478,438
$1,037
Improvements, Ac
Dividends, 10 per cent.
$1,214
Coucord Sc Claremont.—Owns from
Concord to Claremont,
N. H., 56 miles; branch, Contoocookville to
Hillsborough, N. H.,
15 miles; leased— Petorboro & Hillsboro BR., 18 miles; total operated,
89 miles. Capital stock. $412,400.
The lease to the Boston <fc Lowell
RR. having been held invalid, this road was operated
independently
until Nov. 1, 18 i7, when the Boston & Maine began to operate it under
contract with Northern RR.
(V. 45, p. 26).
Concord Sc Portsmouth.—Owns from Portsmouth, N. H., to
Manchester N. II.. 40hi miles.
The road was sold to first .mort¬
gage bondholders in 1857, and leased to Concord RR. in 1862 for 99
Lease rental is $25,000 a-year, which gives 7 per cent a year to
years.
present stockholders. There is no debt.
Connecticut Sc Passumpsic.-Owns from White River Junction,
Vt., to Canada Line, 110 miles; leased, Massawippi Valley and branch
(Canada), 37 miles; total operated, 147 miles. The lease of Massawippi
Railroad is at 6 per cent on bonds and same dividends as are paid on
the stock of the lessee. From January 1, 1887, this road was leased
to the Boston A Lowell for 99 years 011 a basis to pay C. & P.
stock 5 per cent per annum for ten years and 6 percent thereafter,
lu Oct., 1887, the B. A L.. carrying this road, was leased to Boston A
Maine —(V. 43, p. 308; V. 44, p. 400.)
Connecticut River.—Owns from Springfield. Mass., to South Ver¬
non, Vt., 50 miles; branches, 6 miles; Ashuelot RR., South Vernon,
Vt., to Keene, N. H., 24 miles; total operated, 80 miles. Consolida¬
follows:
tion with the Ashuelot RR. took place in May, 1888.
In year ending
INCOME ACCOUNT.
Sept. 30, 1887, gross earnings were $939,742 ; net income over rentals
and interest,
$219,599; in 1885-86, gross, $879,344; fnet income,
1884.
1885.
1S86.
1887.
$219,551. Pays regular dividends 011 stock and has no funded debt,
$
$
Receipts—
$
$
but notes payable Sepi. 30,1887, $150,000.
(V. 43, p.547; V. 45, p.
Gross earnings
1,842,473
2,311,003
2,361,403
2,595,583
572, 791 ; V. 46, p. 510.)
Net earnings
601,819
977,306
966,169
993,684
hmenus
Connecting (Philadelphia).—Owns from Mantua Junction to
11.841
38,485
Franltford Junction, Pa.,
A connecting link in Philadel¬
/
miles.
Total receipts
601,819
977,306
978,010
1,032,169 phia to the West and South. Leased to Phil. & Trenton for 999 years,
and with that road operated by Pennsylvania Railroad. Rental $139,Disbursements—
993, which pays 6 per cent on $1,278,300 capital stock (par $50)
Int. on bds. & car tr.
866,060
884,564
946,925
979,557 and interest on $991,000 funded debt. The bonds are issued in series
56,814
Int. on tloat’g debt..
61,586
42,832
18,629 ABC and D, maturing respectively
in lOOO-’l, ’2, ’3 and ’4. Penn. RR.
Int. to Pa.RR.on l’se
22,277
22,902
22,581
24,048 owns $1,277,700 stock.
MiRcAlbineous
1,490
18,750
Corning Cowanesque Sc Antrim.—Owns from Corning, N. Y.
Tot. disburse’ts.
945,151
970,542
1,031,038
1,022,234 to Antrim, Pa., 53 miles; branch, Lawrenceville to Harrison Valley
Pa., 32; total operated, 85 miles.
Consolidation (January, 1873>
def. 343,332
sur. 6,764
def. 53,078
Balance
sur. 9,935
of the Blossburg & Corning RR. and the Wellsboro RR. June 1, 1874.
—(V. 44, p. 90. 117, 148,211, 275, 400, 493; V. 45, p. 292, 856; V. 46, the
Cowanesque Valley RR. was absorbed. These lines are leased to ana
p. 74, 102,351.)
operated by the Fall Brook Coal Co., together with 7 miles owned.
Columbus Springfield Sc Cincinnati.—Owns from Columbus, Rental $150,000, equal to 6 per cent on common stock and 12
Ohio, to Springfield, Ohio, 44 miles. Lease to Indiana Bloomington & per cent on preferred stock; dividends paid quarterly, March 31, &c.
Western terminated March 10, 1888, and road has since been been Stock—com., $1,500,000, and pref., $500,000; par $50. The coal line of
operated by Cincinnati Sandusky & Cleveland. Capital stock, $1,000,- Phila. & Reading and N. Y. Central is over the road of this company.
000, par $50.
which jointly guarantee
the bonds of the Pine Creek Railroad
Columbus Sc Western.—Owns from Columbus, Ga., to Birming¬ Company.
Earnings in 1885-86, $614,688; net, $202,208; rental
ham, Ala., 159 miles, connecting with Kansas City Fort Scott & Mem¬ paid C. C. Sc A. RR., $150,000; surplus to lessee, $52,208.
Earnings in
phis# The Savannah & Memphis RR. was foreclosed June 5, 1880, and 1886-87, $651,36/; net, $174,376; rental paid C. C. <fc A., $150,000;
tliis Company organized.
Completed in spring of 1888. The bonds surplus to lessee, $24,370. George J. Magee, Prest., Watkins, N. Y.
are
endorsed
by Central RR. Co. "of
Georgia, which
oper¬
to Athens, Ga.,
Covington Sc Macon,-Line of road,
ates the road as part of its system proper.
There was due the Central 105 miles; in operation, Macon to Madison Macon, Ga.,
(on Georgia RR ) 72 miles.
RR. Aug. 31, L887, $1,546,132 for new construction, etc.
There are Extension in
progress.
Bonds are issued at the rate of $12,000 per
also $260,000 bonds at 8 p. c. due Oct., 1888, int. A. and O. In year
mile and capital stock $12,u00 per mile. Douglass Green, 10 Wall St., N.
ending Aug. 31, 1887, gross earnings were $192,337; net over expenses Y. City, is Pres’t. —(V. 46, p. 173.)
and taxes, $78,420. Gross earnings in 1885-86, $173,207; net, $52,127.
Cumberland Sc Pennsylvania.-Owns from Cumberland,Md.,
Stock, $1,750,000, owned by Cent. RR. of Ga. E. P. Alexander, Pres’t,
to Piedmont, Md., and several branches, 65 miles.
It is owned and
Savannah.
Columbus Sc Xenia.—Owns from Columbus, Ohio, to Xenia, Oliio, operated by Consolidation Coal Co., which guarantees second mortgage.
65 miles. Is operated as a division of the Little Miami, and is leased
Cumberland Valley.—Owns from Harrisburg, Pa., to Potomao
for 99 years from Dec., 1869, in connection with that road to the Pitts¬ River, Md., 82 miles; leased—Martinsburg & Potomac RR., 12 miles;
burg Cincinnati & 8t. Louis, which pays 8 per cent on stock and pro¬ Dillsburg& Mechanicsburg RR., 8 miles; Southern Pennsylvania RR.
vides for the bonds.
The lease is guaranteed by the Pennsylvania 23 miles; controlled, Mont Alto RR., 18 miles, but accounts kept sep-
..
,
Subscribers will confer a great favor
by giving Immediate notice of any error
Miles
of
explanation of column headings, Ac., see notes
Road.
on first page of tables.
Dayton dk Mich.—Cow., stock (3% % guar.C. H.AD.).
Preferred stock, (8 percent, guar. C. H. A D.) —
3d mortgage, to be retired with consols
Consol, mort., guar, prino’l A int. by C. H. AD...
Toledo Depot 2d mortgage
Dayton dk Union—1st M., sinking fund (not drawn).
Income mortgage bonds
...
Dayton dk Western—1st M., guar. L. M. and C. A X.c
Delawarer—Stock—6 p. c. guar, till ’98, P. W. A B
Mortgage bonds, convertible, guar. P. W. A B..o*
Del. dk Bound Br — Stock—8 % gu., Phila. A Read..
1st mortgage
2d mortgage debenture bonds, reg
Delaware Lackawanna dk Western—Stock
Consol, mort., on roads A equipm’t, ($10,000,000)
Plain bonds (hot mortgage) convertible
Del. Maryland dk Fa.—June. A B’kwater—1st mort.
Juno. A Breakwater, 2d mortgage
c*
Breakwater A Frankford, 1st mort , to State
Worcester Railroad, 1st mortgage
c*
Pref. stock, 5 per ct.. non-cuin.
1st mort., gold, sinking fimd
($28,000,000)
32
of
Bonds.
Par
Value
Amount
Outstanding
discovered In fbese Tables.
1,000
1,000
....
1,000
1,000
1,000
Bonds—Princi¬
.
•
•
....
•
1875
....
1879
....
50
■
886
288
....
1877
1872
1860
1879
1873
1876
44
44
19
35
500Ac.
100
100
500itee.
500Ac.
1,401
....
295
Denv.dk R.Gr. West.—1st, g. ($10,000 p.m.),cp.or reg.
Coup, certs, (see V. 41, p. 273) paj "able ar. will
Denver South Bark dk Pac— 1st M. gold, sinking fd.
Consol, mort. gold ($17,000 per mile);
Denv. Tex. dk Ft. Worth— 1st M. ($20,000 per mile).c *
Denver Texas dk Gulf— 1st M. ($20,000 p. m )...c*Ar
370
....
150
....
225
138
1870
1880
1688
1881
1885
1870
1880
1887
1837
1%
7
250,000
200,000
^
400,000
38,000,000
23,050,000
0,382,500
25,375,000
1,000
7 g.
4 g.
CO
l,00CAc
leases sev¬
$975,800 com¬
advances
$185,fixed
3,000,000
t
_
_
$142,228.
Danbury Sc Norwalk.—Owns from Danbury, Conn., to Wilson
Point, Soiitn Norwalk, Conn., 26% miles; branches to Ridgefield and
Hawleyvillo, together 10 miles; total operated, 36% miles. In July,
1886, a lease of this road was made to the lloueatouic for 99 years, the
lessee to pay interest and 5 per cent per annum on stock. (V. 43, p. 334.)
Daytou Fort Wayne Sc Chicago.—Road from Dayton,o.,to Ironton, 102 miles (the former Dayton Sc Ironton road); Dayton, O., toDelcharges, $165,411; dividends (8 per cent),
Fort Wayne.
Shos, 90 miles; total,This company was formed 43 miles from tho main
258 miles, and projected in June. 1887, by eon
ne to
solidation of the Dayton & Ironton and the
Ives party. Stock authorized, $15,000,000.
Dayton A Chicago by the
It was proposed to Issue
$4 ,500,000 bonds. In March, 1888, It. D. Marshall was appointed re¬
ceiver, and receiver’s certificates for $309,008 issued. F. B. Loomis.
President, N. Y. (V. 45, p. 13, 53, 768 ; V. 40. p. 102, 320, 371. 448.)
The report for
Dover, Co.’s Office.
Phil., Fid. I.T.A.S.D. Co.
Phila., 240 So. Third St.
June 1.1892
1890
1899
1698
1896
do
do
Pliila., 233 So.FourthSt
do
do
do
Jan. 12,1888
J. A J, Office, 47 Win. St,. N.Y.
M. A N. N. Y., 4th National Bk.
do
do
J. A J.
Nov. I,
Jan.
1900
1, 1936
Sept. 1, 1911
Sept. 1, 1895
May 1, 1905
Jan. 1, 1921
Nov. 1, 1937
S. N. Y., 4th National Bk.
do
do
S.
N. N.Y., LoudonA Frankf’t
J. N. Y.,Winslow. L. A Co.
M. A N. ,N. Y., Mercantile Tr.Co.
A. A O.
N. Y. Co.’s Agency.
1
M. A
M. A
M. A
J. A
April 1, 1937
j
1
arate; total controlled and operated, 143 miles. Owns or
eral factory roads, in all about 43 miles. Of the stock,
mon and $‘237,200 prelerred is owned by Penn. lilt. (Jo. Large
have been made to branch roads.
In 188G gross earnings on the main line were $733,708; net,
585; in 1887 gross earnings, $774,470; net, $187,051; surplus over
N.Y., Bank of America.
Jan. 1, 1911.
March 1, 1894
Dec. 1, 1909
After 1910
Jan. 1, 1905
•
2,925,000
1.000
A D.
6 g.
5
7
6-er.
5
5 g.
(?)
1,800.000
1,000
1,000
Am.Exch.Nat.Bk.
D.
J.
A J.
A J.
A J.
A A.
A J.
A. A O.
l%Ai*4S
6,900,000
....
D. N.Y.,
J.
J.
F.
J.
6
4
4
4
4
1,000
J.
S.
O.
A
A
A
A
A
A
Oct., 1887
Jan., 1888
Oct., 1888
April, 1888
July I, 1895
May 15, 1888
Q.-F
F. A A. Phila.,Guar.T. A S.D.Co.
May, 1905
M. A N.
Philadelphia.
May l, 1899
Q--J. N. Y., 26 Exchange PL April 20, 1888
do
do
M. A S.
Sept. 1, 1907
7
400,000
do
do
do
do
do
do
do
do
A.
J.
M.
J.
J.
J.
J.
J.
7
....
Y., Winslow, L. A Co
Q.—J •
7
5
7
7
6
6 A 7
3
6
2
3.074,000
600,000
1,000
•
2
Dividend.
Whom.
A. A O. N.
1%
26,200,000
....
pal,When Due,
Where Payable, and by Stocks—Last
Payable
1,553,714
642,000
1,742,000
1,500,009
242,000
500 Ac.
1875
When
Cent.
495,000
25
....
Rate per
$2,403,171
1,211,250
351,000
2,324,000
53,000
224,000
172,000
50
1864
37
100
85
31
27
c*
gold~(for $42,000,000)
Size, or
1871
1869
1881
1804
1879
1879
1,401
c*
Date
$50
141
141
142
142
1,457
Consol, mortgage,
[Vol. XLVL
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT,
INVESTOKS’
46
1887 was in Chronicle, V. 40, p. 253.
EARMSGS AND EXPENSES.
1880.
1885.
1837.
4^
31,311,992 31,091,077 32,342,805 39,84?,857
1881.
Gioss rec’ts all sources..
Operating expenses
23,003,147 23,220,572
Betterments, equip., Ac..
385,033
443,182
24,954,433 30,094.000
164,029
810,001
23,393.180 23.003,754 25,118,462 31.501,061
7,918,812 7,427,923 7,224,403 8,341,796
Total expenses
Net receipts
INCOME ACCOUNT.
1884.
1885.
,
1887.
1880.
Net receipts
Interest and rentals
7,427,923 7.224.403 8,341,790
5,113,322 5,187,089 5,180,711 5,203,419
Balance, surplus
Dividends
Rate of dividends
2,805,490
7,918,813
2,696,000
8
Balance after dividends.
709,490
2,240,834
1,905,000
7%
275,834
GENERAL BALANCE AT CLOSE OF
2.037,092 3,138,377
1,834,000
1,834,04 0
7
203,692
1,304,377
7
EACH FISCAL YEAR.
1885.
1880.
1887.
$
$
$
$
31,250,418 31,508,047 3 4,490,431 34,609.220
Dayton Sc Michigan.—Owns from Dayton, O., to Toledo, O., 141
miles. Leased May 1,1803, In perpetuity to the Cincinnati Hamilton A Stks and bds. own’d, cost.
5,449,713 5,374,918 4,770,0.54 5,735,779
Dayton. Lease amended January 23,1870. Tho rental is the interest Net casli and cur. acc’ts. *527,121 *357,562 *897,331 *1,037,985
ana sinking fund of debt, and 8 per cent on preferred stock and 3% per
Materials, fuel, Ac
1,049,712
941,372 1,221,174 1,240,976
cent on $1,003,000 common. Of the common stock only $1,003,000 is
fuaranteed 3% by C. H. A D. Profit to lessee $270,502. Due lessees
884-85, $190,387; 1885-0, $215,219; 1880-7, in 1883-84, $101,990;
March 31, ’87, $102,376. The lessees held $1,399,273 of
stock, but sold this in Juno, 1887- lY. 44, p. 751.)
for advances,
tho
common
Dayton Sc Union.—Owns from Dodson, Ohio, to Union
City, Lnd.,
32 miles; leases Dayton to Dodson, 15 miles; total operated, 47 miles,
The Greenville A Miami UK. was sold out Oct. 30, 1802, ind re-organ¬
ized as now Jan. 19, 1803. Operated by trustees since December 23,
1871. Capital stock, $80,300.
In year ending Oct. 31, 18-57, gross
Assets—
'
RR., buildings, equipm’nt,
coal lands, Ac
1884.
Liabilities—
Stock
Funded debt
26,200,000 26,200.000 20,200,000
4,044,900 3,074,000 3,074,000
Surplus account...
11,032,005 11,307,899 11,511,590
12,815,966
Total liabilities
41,270,905 41,181,899 41,385,590
42,689,966
20.200,000
3,074.000
liabilities and assets.
-{V. 45, p. 212, 643; V. 40, p. 133, 201, 253,
*
Net balance between
610.)
extends from Harring¬
Franklin City, Va., 54
$49,259.
miles; total, 98 miles. In July, 1885, the company passed into Control
Daytou Sc Western.—Owns from Dayton, O., to Stato Line, Ind., of the Phila. Wil. A Balt. RR. and became part of the Penua. RR.
37 miles, and leases 4 miles to Richmond, lnd. Leased in perpetuity
system. I11 year ending Oot. 31. 1887, gross earnings were $108,253 ;
from Jail. 1, 1805, to Little Miami, and carried with that road in the
net, $10,850; deficit under interest, $38,853.
In 1885-80. gross,
general lease to the P. C. A St. L. The lessees are virtual owners and are $149,357; net, $27,317; fixed charges, $50,600 ; deficit, $77,317.
answerable for all obligations. Of above bonds $32,000 are 7s.
earnings were $171,493;
net, $70,898; surplus over lixed charges,
Delaware Maryland Sc Virginia.—Road
ton to Rehoboth. Del., 44 miles; Georgetown to
feet.).—(See Map) -Owns from Denver
Pueblo, Salida, Gunnison, Montrose and Grand
Delmar (Md. Line), 84 miles; branches, 10 miles: total operated. 100 Junction, to the western boundary of Colorado, where it conneots
miles. The Dorchester & Delaware and Queen Anne A K. railroads with the Denver A Rio Grande Western, to Salt Lake City and Ogden,
now operated by P. W. & B. RR.
The Delaware Railroad was opened making the distance from Denver to Ogden 771 miles, and from Pueblo
to Ogden 051 miles. Branches run to Leadville, Dillon, Red Cliff, Crested
1855-00, and is leased for 21 years from 1870 to the P. W. A B.
Co.; rental 30 percent of gross earnings, but stock must have 0 per Butte. Silver CLiff, Chaffee, Aspen,Ouray and Hot Springs; also from Pueb
lo to Silverton, via Cuchara, Alamosa and Durango, with branches to El
cent.
I)i year ending Get. 31, 1886, gross earnings were $071,738; net,
$201,522; interest, and dividends, $130,734; surplus, $70,5 47. In 1880- Moro, Espauola, Del Norte and Wagon Wheel Gap; total Jan., 1838,
1,401 miles. The standard gauge and road with third rail will soon
87. gross, $730,055; net (30 per cent gross earnings as per agreement),
Denver Sc Itio Grande (3
Delaware.—Owns from Delaware Junction (P. W. A B.),
Del., to
$220.^17; intfciest and dividends, $131,550; surplus, $89,207, of which
$63,748 was repaid to lessee as per lease. Sinking fund Oct. 31, 1887,
amounted to
$41,310.
Delaware Sc llonnd Brook.—Owns from Bound Brook (Cent,
of New Jersey) to Delaware River, 27 miles; branch, main line to
Trenton, 4 miles; total operated, 31 miles.
In connection with Central
of New Jersey and North Pennsylvania forms a lino between New
York and Philadelphia. In May, 1879, the property was leased for
990 years to the Philadelphia A Reading Railroad Company—the lessee
paying interest and 8 per cent on stock after May, 1883. Gross earnings
in 1885, $089,432; net, $381,910.
In 1880, gross, $730,110: net. $397,-
829; rental $257,880; net protit to lessee, $139,949. (V. 44, p. 211.)
Delaware Lackauauna Sc Western.—(Sec Jfop).—This company
operates under lease an extended system of roads in New York, Penn¬
sylvania and New Jersey. Owns from Delaware River (N. J. line) to New
York State line. 115 miles; branches—Scranton to Northumberland,
80 miles; Greenville to Winton, Pa., 8 miles; to Storrs, 3 miles; Junction
to Keyser Valley, Pa., 5 miles; leased lines in New York—N. Y. Lack. A
Western RR., 214 miles; Cayuga Sc Susquehanna
RR., 3t miles;
Greene RR. 8 miles; Oswego Sc Syracuse Railroad, 35 miles; Utica
Chenango Sc Susquehanna Valley liR., 97 miles; Valley RR., 12 miles;
controlled and operated—Syracuse Binghamton A; New York, 81 miles;
leased lines in New Jersey—Chester RR., 10 miles; Morris Sc Essex, 118
miles; Newark Sc Jiloomtield, 4 miles; Warren RR., 18 miles; Sussex.30
miles; Passaic A Del., 14; total operated, 880 miles; tho Rome Sc Clin.,
13 miles, and Utica Clin. Sc Bing. . 31 miles, were surrendered April, 1883.
The Delaware Lackawanna it Westei 11 formerly paid 10 per cent on its
stock, but in the dull times 1870 to 1880 no dividends were paid: in
1880 3 percent was paid; in 1881. 0%; in 18s2, 1883, and 1884, S ; in
1885,7%; in 18S0, 7; in 1987, 7.
Prices of stock yearly since 1870 have been: 1371, 102®111%; 1S72,
91® 112%; 1873. 79*2 3100; 1374, 993112%; 1875, 100*23123; 1870,
64*2® 120%; 1877, 30%377: 1878.41301%; 1879. 43 39*4; 1880, 68%
® 110*4; 1881, 1073131; 1882, 110*43150*4: 1893,111%®131%; 1881,
86%®133%; in 1885, 82%®129%; in 1880, 1153144; in 1887, 123*93
139H; In 1888 to May 18, inch, 123%3133'4.
City, Colorado, via
exceed 500 miles.
The former D. A R. G. Railica// was foreclosed under the old consoli¬
dated mortgage, July 12, I860, and sold for $15,000,000. Reorganiza¬
tion was made under the title of Denver A Rio Grande Railroad Co.
Of the $-12,000,000 consol, gold bds. (U. S.Tr. Co., trustee) authorized,
$0,382,500 were reserved to retire the old bonds when due and $6,900,000 retained for acquiring the Denver A Rio Grande Western or to
extend the Denver A Rio Grande to Ogden. Of the $45,500,000 com¬
mon stock, $7,500,000 to bo held to acquire tho Denver A Rio Grande
West* re, or to build the line to Ogden, and $4,350,000 of prof, stock re¬
served for the samo purpose. The preferred stockholders have the right
till 1891 to elect two-thirds of the directors, unless dividends are paid
out of net earnings for two full years on the preferred stock, after which
the directors shall be chosen by all tho stockholders.
The dividend on
preferred stock paid for 1887 was 3% per cent in cash and 1*4 in
5 per cent scrip.
In May, 1888. the improvement mortgage for $3,000,000 was author¬
ized for laying third rail and other improvements.
(See V. 40, p. 510.)
The range i f sti ck prices since reorganization has been: Common in
1880, 143>353i (ass. paid); in 1887, 20%tf>3234; in 1888, to May 18,
15%®23, Preferred in 18sG, 53:J4<zG37e; in 1887, 527aS>68% ; in 1838
to
May 18, inch, 44®55.
The litst annual report of the t resent company was in
V. 40, pp. 572 and r>74), giving full accounts of the
status to Dec. 3?, 1987.
From Jan. 1 to March 31. 1888 (3 months), gross
the Chronicle
operations and
earnings were
$1,042,934, against $1,701,310 in 1887; net, $401,399, against
Earnings, expenses, Ac., for fou r years were as follows:
1884..,
Miles oper.
Dec. 31...
1885.
1,317
1,317
Net earnings
Other receipts
1,793,573
34.401
$
6,119,051
3,935,273
2,183,781
07,227
Total income
1,827,974
2,251,007
$
Total gross earnings..
5,552,103
Operating expenses
3.758.530
..
1880.
1,317
$
$08 1,991.
1837.
1,402
$
6,738,077
4.227,417
7,983,419
2,510,000
3,241,370
4.742.043
40.740
41,997
2,557,“405
3,283,367
AND
STOCKS
RAILROAD
1888.]
May,
47
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INVESTORS’
48
Subscribers will confer
SUPPLEMENT.
[Vol. xlvi.
ejreat favor by giving Immediate notice of any error discovered In these Tables.
a
DESCRIPTION.
For explanation of column headings, Ac., see notes
on first page of tables.
Des Moines <& Ft. Dodge—1st mort., coup., guar
1st mortgage, income, guaranteed by C. R. I. A
Date
Miles
of
of
Road. Bonds
P.
Mortgage on extension, guaranteed by C. R. I. A P.
Detroit Bay Cily&Alp — 1st mort., gold
.-...c*
Detroit Grand Haven & Mil— 1st equip, m., guar. ..c*
Consol, mort., guar, by Grand Trunk of Can
c*
Del. Hillsdale & S. 17.—Stock, 4 % rental, LS.AM.8.
Detroit Lansing <£ North— Stock, common
Preferred stock
1st mortgage
c*
Ionia A Lansing, 1st mort
c*
Saginaw A West, mort., guar,($15,000per mile).c'
1st M., Gr. R. L. A D. int. guar.’($20,0U0 p. m.).c*
Dubuque <& Sioux City—Stock
1st mortgage, 2d dfvision
Duluth & Iron Range—1st mortgage
Duluth South Shore <£• Atlantic -Stock
cAr
Stock, pref.,6 percent, non-cumulative
1st mortgage, gold ($12,000 per mile)
c&r
Dunkirk Aliegh. Val. <£ Pittsburg—1st mort., gcld.c
2d mortgage
c
3d mortgage
*.c
East Broad Top.—1st mortgage
r
Easi
88
88
56
218
189
189
65
268
268
222
59
42
53
143
43
97
or
Par
•
•
•
•
m
•
•
■
•
1877
1869
1883
1887
1,825,600
2,510,000
2,493,000
Pennsylvania—Stock, 6 % gu. 999 yrs.,Pliil. A R
New 1st mortgage
c*/
East Tennessee Virginia <£ Georgia—Common stock. 1,421
1st preferred stock (5 per ct. non cum.)
1,429
2d preferred stock (5 per ct. non cum.)
1,123
1,000
1,000
1,000
5 g•
7 g.
7
7
500.000
50
1,714.950
495,009
27,500,000
11,000,000
....
1,000
100
100
4
3
4 g.
....
J.
J.
A J. N. Y. Office,
io
Wall St.
A D. N.Y., N.Y. Cent. A Hud.
do
do
dodo
O.
J. Philadelp’a, Co.’s Office.
J. Pliila., by P. A R. RR.
S.
Phila., P. A R. office.
A. A O.
A.
J.
J.
M.
A
A
A
A
.....
*5 * £T.
3.100,000
3,123.000
1,000,001
1,000
1,000
Whom.
Stocks—Last
Dividend.
Office, 10 Wall Street.
Jan. 1,
June 1,
Oct. 1,
Oct. 1.
1937
1900
1900
1909
July 1, 1903
Jan., 1888
Mar.
1, 1958
Aug. 1, 1887
*
12,770,000
1,000
1,000
1886
1880
1870
1837
Consol, mort.. gold (for $20,000,000)
c&r 1,123
Cons. M.,‘*DivisT’g.( Bristol.Tenn.,to Selma, Alafe*
552
Old 1st m.s.f. (Bristol,Tenn.viaCliat.toI) ilton,Ga;
242
1st ext. M., g, ($20,0.0 p. in.)for $15,009,000.c&r
Payable, aud by
J. A J. N.Y.,Chic. R.I.APac.Co
Jan. 1, 1905
J. A J
do
do
June 1, 1905
J. A J
June 1, 1905
do
do
Jan.
J. A J. N. Y., Farm. L.A Tr. Co
1, 1913
Nov. 14, 1918
A. A O. NYAg.Can Bk.ComALo
Nov. 15, 1918
A. A O.
do
do
J. A J. N. Y., Farm. L. A Tr. Co
Jan. 5, 1888
Feb. 15, 1887
F. A A.
Boston.
F. A A. Boston, 26 Sears Bldg. Feb. 15, 1883
Jan. 1, 1907
J. A J. Boston, 2d Nat. Bank.
J. A J.
do
do
July 1, 1889
J. A J.
do
do
July 1, 1913
M. A 8.
Sept. 1, 1927
B’dway. Dec. 31, 1887
J. A J. N. Y., Nat. Park Bank.
July, 1894
Oct. 1, 1937
A. A O. N. Y., Office, Mills Bldg.
4
18,500,000
Where
pal,When Due.
N.Y.,Office,2*16
1
7
5
2,000.000
1,000,000
200.000
1,000
....
7
8
6
5
566,000
1,056,000
4,999,600
586,000
3,500,000
12,000,000
10,000,000
4,000,000
1,010
1883
3ia
770.000
l,090Ac
1887
1870
1872
1872
1873
m
4
6 g6
6
2
3
3,200,000
1,350,000
100
100
90
90
90
30
36
36
4
672.000
100
500 Ac.
....
Payable
2,500.000
2,000,000
1,000
1,000
1864
1887
When
Cent.
$1,200,000
1,200,000
200 Ac.
100
100
100
500 Ac.
1,000
•
Rate per
Outstanding
$1,000
1,000
1,000
1,000
1,000
mm
.
Amount
Value.
1874
1874
1881
1883
1878
1878
Bonds—Princi
INTEREST OR DIVIDENDS.
Size,
•5 g.
7
5 g.
M.
J.
J.
J.
A
A
A
A
N. N. Y., Central
J.
do
J.
do
D.
do
Trust Co.
Nov.
1,
1956
July 1, 1930
July 1, 1900
June 1, 1937
do
do
do
!
1884.
Disbursements—
Interest on debt
Ren’lof D.R.G.W. RR
Taxes and miscellan’s
*
§
1,405,775
( 677,097
)
572,364 <
>
(*520,928
572,364
1,678,643
307,542
1,198,625
1,358,775
225,2131
...
1887.
$
$
Total disbursements..
Balance, surnlus
188(3.
1885.
$
1,713,317
1,570,052
July 12 to Dec. 31 only in 1880.
$1,182,500 for dividends and
surplus for the year of $137,028.
—(V. 44, p. 21. 59, 117, 211,241, 466, 586, 652. 653. 803; V. 45, p.
538, 613. 696, 743; V. 46, p. 228, 254, 448, 510, 572, 5 74.)
Branch, 20
Out of tlie surplus for 1887 was paid
$250,524 for betterments, leaving
a
Denver Sc Rio Grande Western (narrow gauge).—(See Map.)
—The mortgage covered lines in Utah Ter. of about 469 miles in all, of
which there have been completed—Colorado State LinetoOgden, Ut., 311
m.; Bingham Junction to Alta, 18 m.; Bingham Junction to Bingham,
16 miles; P. V. Junction to coal mines 19 miles; other branches. 9
miles—total, 373 miles.
The stock issued
ou
469 miles is $7,500,000.
About $1,000,000 bonds were issued on road only partially completed.
Bondholders have generally accepted the proposal of August, 1885,
viz., that the coupons from Sept. 1.1886, to March 1,1889, inclusive,
shall be paid one-half in cash, lull interest being resumed with Sept.,
1889. Scrip bearing 5 per cent is given for these coupons. Of this scrip
$105 is paid by current payment of coupons and $195 matures Sept. 1,
1895, but it, may be redeemed at Co’s option by payment iu full, and no
dividend on stock can be paid till it is redeemed. The full interest, ou bonds
is $414,000, but under the plan it will be $263,925 in 1888, $428,283
in 1889, and afterwards $414,000 ou the bonds, and 5 per cent bn the
funding certificates amounting to $67,275, making the total interest
charge per year $481,275, as the principal of certificates will he $1,345,500, if all are then outstanding.
From Jan. 1, to Mar. 31, 1888 <3 inos.) gross
earnings were $28 1,412,
other branches 61 miles; total road 218 miles.
Has a
Sheboygan is pro¬
posed. Stock authorized is $2,000,000, issued $1,670,000; par, $100. A
dividend of 4 per cent was paid J m. 3, 1888. at the oflioe of H. B. Hol¬
lins A Co., N.Y. From Jan. 1 to Mar. 3i (3 mos.) in 1888 gross earns, were
$101,288, against $90,248 in 1887; net, $37,111. against $47,089. In
1887 gross earnings were $419,270; net. $205,430; surplus over charges,
$36,860; dividends (4 pe.r cent) $60,800.—(V. 4t, p. 308, 335, 343,
553, 621; V. 45, p. 85; V. 46, p. 74, 75, 199 )
m.;
i trallic contract from Mich. Central.
Detroit
Grand
Haven Sc
An extension to
Milwaukee.— Owns from Detroit.
Midi., to Grand Haven, Mich., 189 miles.
Tliis is
a
reorganization of
the Detroit A Milwaukee which was sold in foreclosure Sept.,
The bonds were guaranteed by the Great Western of Canada.
$1,500,000;
1878.
Stock
$50. From Jan. 1 to Mar. 31, 1888 (3 mos.), gross
£48,838, against £56,030 iu 1887; net, £6.815, against
Gross earnings in 1886, $1,241,033 ; net, $372,773. In 1887,
gross, $1,194,300; net, $323,771. Surplus over fixed charges, $74.
Stock is $1,500,000; par, $50.
irnings
£8,753.
e
par
were
Detroit
Hillsdale
Sc
Southwestern.—Owns from Ypsilanti,
Mich., to Bankers, Mich., 65 miles. The Det*H. A Ind. road was sold
in foreclosure Dee. 28, 1874, and this company organized by the bond¬
holders. In Aug., 1881, leased in perpetuity to'tlie Lake Shore A Mich,
Southern Go.; the rental is $54,000 per year -4 p. ct.
(V. 43, p. 3990
Detroit
Lansing
Sc
Northern.—Owns
from
Grand
Trunk
June., Mich., to Howard City, Mich., 157 miles; branches—Stanton June,
to Big Rapids, Mich., 63 miles; Belding Branch, l1^ miles; leased, Grand
Trunk June, to Detroit, 3 miles; Lansing to No. Lansing, 1 mile;
Alma to Howard City, 43 miles; total operated, 268 miles.
A con¬
solidation, April 11, 1871, of the Detroit Howell A Lansing, the Ionia
A Lansing and the Ionia Stanton A Northern railroads, under the name
of Detroit Lansing A Lake Michigan RR., which was sold in foreclosure
Dec. 14,1876, and new stock issued as above.
In July, 1S83, leased
the Saginaw A Western aud endorsed the bonds.
In 1837 gross earnings were $1,147,159; net, $451,015; interest, $273,696; dividends (7 per cent ou prof.), $L75,700; surplus, $1,649.
Gross
earuinss in 1836, $1,226,536; net,$498,717 ; interest, $265,985 ; div¬
ide nds (7 on pref., 3 on common), $230,465; surplus, $2,267.
(V. 44, p.
585, 713; V. 46, p. 171.)
against $226,822 in 1886-7; net, $19,768, against $36,234. The annual
report for 1887 was iu V. 46, p. 536.
In the year ending Dec. 31,1887, gross earnings were $1^181,324;
net $3 41,987 ; surplus over Year’s interest, $74,2^7.
(V. 44, p. 59, 60,
91, 211, 466: V. 45, p. 704 ; V. 46, p. 254, 413, 536.)
Denver South Park Sc Pacific (3 ft.)—(-See Map of Union
Pacific).—Denver, Col., to Baldwin M;nes 219 miles; Garos to London
Dubuque Sc Sioux City—Owns from Dubuque, Iowa, to Iowa
Junction, 16 miles; Como to Leadville, 63 miles ; Bear Creek Junction
Falls, 143 miles, aud leased Cedar Falls A Minnesota, 76 miles
The
to Morrison, 10 miles; other branches, L7 miles: total, 325 miles. Stock
former Dubuque A Paei tic was foreclosed in 1860, and present company
owned by Union Pacific is $6,135,100 out of $3,235,400, and consul,
organized. Iu April, 18S7, a controlling interest in the stock was sold
mort. bonds $2,797,000.
The U. P. operates the road, hut lias made no to Illinois Central. .Since Oct. 1,
1887, this road, previously leased by
guaranty of the stock or bonds; on May 1. ’87, t he interest was deiaulte'd, Illinois Central lias been
operated by its own oilicers, and earnings not
but paid in July. Di 1886 gross earn’s, $1,246,538 ; def. on operations,
included in those of the Illinois Central. A suit has been brought to
$46,304; def. under interest, Ac., '$347,804. "In 1887 gross earn’s, annul the Cedar
Falls A Minn. RH. leas*\ There are also $529,634 5‘s
$1,282,682; net $19,563; def. under interest, Ac., $289,430. (V. 41, p. per cent notes to I. C. RH. for
betterments, due Oct. 1, 1388, and
586, 627, 657; V. 45, p. 25.)
$295,000 other notes, bearing 5 percent, due Jan., 1839. From Oct.
Denver Texas A: Fort Worth.—(See Map of Ft. IT. <£ Den O.)— 1. 1387, to Dec. 31. 1887 (3 mos.), gross earnings of D. A S. C. proper
Trinidad, Col., to a connection with the Fort Worth A Denver were $213,318; net over expenses and taxes $105,96 5.
at the
Texas State lino, 125 miles, with third
Last report was in V. 46, p. 4i8, giving an account of the circum¬
rail over the
Denver A Rio Grande from Pueblo to Trinidad, 100 m.; total, 225 stances of the Cedar Falls A M. lease.
(V. 45, p. 472, 768; Y. 46, p. 38,
m. Of the 1st mortg. bonds
$1,000,000 will be issued to provide for con¬ 448'.
struction and equipment on the I). A R. G. third rail line Trinidad to
Dulutli Sc Iron Range.—Itoad from Duluth to Tower, Minn., via
Pueblo; $200,000 for terminals in Pueblo and Trinidad, and balance at
$20,000 per mile on new road. Capital stock authorized, $30,090,000; Two Harbors, 97 miles, and 21 miles to Chandler Mine; total, 118 miles.
issued $500,000. J. T. Granger, Treasurer, No, 1 Broadway, N. Y.
(V. Extension to Ely in progress. Sold to a syndicate in 1837, and above
mortgage was authorized. There are also $3,500,000 of income certifi¬
44, p. 499 ; V. 45, p. 642 ; V. 46, p. 413, 573.
cates aud the stock is $500,000. The mortgage authorized the issue of
Denver Texas Sc Gulf.— (Sec Map of Ft. T7 d Den. G.)—Denver to bonds for
extensions at the rate of $25,000 per mile for construction
Pueblo, 124 miles, and 13 miles branches.
On March 18, 1886, and $7,000
forequipment. The old bonds have all been canceled. Metro¬
the Denver A
New Orleans
road was sold and this company
politan Trust Co. of N. Y. is trustee of tue mortgage. There is a laud
organized. The company owns extensive terminal grounds in giant from Minnesota of about 506,000 acres. In 1837 trro-s earnings
Denver and coal lands at Francevillc, which are covered by the
were $590,145; net, $305,951.
H. K. Bishop, 15 Broad Street, N. Y.,
first mortgage.
The company has entered into a contract for President.— (V. 44, p. 653; V. 45, p. ±72; V. 46,
p. 218, 255, 371.)
consolidation with the Denver
Texas
with
the
Fort
Worth
A
Denver
Denver to
A
Fort
City
RR.
Worth
HR.
Co., and
forming a com¬
pleted through line from
Fort Worth, about 804 miles.
Whole line opened for business in March, lsS8. The stock issued is in
hands of
RH.
a
*■•■nd
trustee, to lx* held
till the road
is
Co.,
built to the Ft. W. A D. C.
$ 0,000 per mile and $240,OoO for terminals. Ac.
Trustee of mortgage is Mercantile Tr. Co. Juo. Evans, Pres’t, Denver.
—(V. 45, p. 642 ; V. 46. p. 413.)
Des JIoineM A: Fort Dodge.—Owns from Dos Moines to Fort
Dodiro.
-
are
Town, s'7 miles, with
an
extension 56 miles to
Ruthven,
con
necting with Chicago Mil. A St. Paul. First 87 miles originally a div¬
ision of the Des Moines Valley RR., built iu 1870 and sold ou
in
1873. Common stock, $4,283,100; preferred, $763,500.
In November, 1886, an agreement was made for lease to the Chicago
Rock Island A Pacific, for 19 years at a rental of 30 per cent of the gross
earnings, with
a guarantee of 4 per cent interest on the 1st mortg. and
extension bonds, and 2*5 per eeut per annum on the incomes, and road
was d« livered June 2, 188 7.
In 1886, gross earnings were $339,610, net. $87,395; surplus over
int.,Ac., $15,870.
In 1885, gross earn’s were $382,420: net, $120,420.
Charles K. Whitehead. Pres., 61 Wall St. (V. 43, p. 579,738; V. 44, p.
117, 308, 494. 681, 751, 808.)
Detroit Ray City Sc Alpena.—Owns from Alger,
RR., to Alpena, 105 miles; Loon Lake Branch, 24
on
in.;
Midi. Cent.
Mud Lake
Dulutli South Shore Sc Atlantic—(See Map). —Duluth to Sault
Ste. Marie, 401 m-les (of which 43 nines from Duluth to Iron River is
used iu common with Northern Pacific, and 46 miles from Nestoria to
Marquette is leased in perpetuity f om MarqueDe Houghton A Ontona¬
gon Railway) ; Soo Junction to St. Ignaoe, 43 miles, and M. H. A On.
lines not mdud *d in above, 114 miles; total, 566 mile.3.
At. Sault Ste.
Marie eon <eeti *n is made by bridge with the Canadian Pacific, and
with the Grand Trunk when it reaches the Sault. This company purcnased at judicial sale Oct. 20. 1886, the Detroit Mackinac A Marquette
Raiiroad and property. The D. S. S. A A. Company in December. 1886,
bought substantially .all the pref. and common tdocks of the Marquette
Houghton A Onton. RK. Co., operating 160 miles of railroad, and on
Feb. 15, 1887, the railroad and property of the M II. A O Co. was leased
in perpetuity to the D. S. S. A A.
R’wiiy Co. The first mort. bunds are
at $12,000 per mile (see abstract of mortgage, V. 45, ]>. 274).
J-mes McMillan. Detroit. President; C. S. Brice. New York, VicePresident.— (V. 44. p. 275,713,751; V. 45, p. 142, 274, 600, 856; V. 46,
p. 74, 320, 353, 537.)
'
Dunkirk
Allegheny Valley Sc Pittsburg. -rOuns from Dun¬
kirk, N. Y.. to Oil City, Pa.. 107 miles. A consolidation of the Dunkirk
Warren A Pittsburg and Warren A Venango in 1872. Leased for 400
years to N. Y. Central A Hudson River Co., but accounts are kept sep¬
arate.
Rental is interest ou bonds.
INVESTOR’
SUPLEMNT.
[Vol.
xlvi.
Subscribers will comer a great favor by giving
DESCRIPTION.
For
explanation of column headings, &c.,see notes
on first page of tables.
Miles
Date
of
of
Road. Bonds
East Tenn. Va.d Ga.—(Cont.)—Alsi. Centrist, gd.,op.
Knoxville A Ohio, 1st mort., gold
East d West Ala. -1st cons. M., gd ($15,000 p. m.).c*
Eastern (Mass.)—Stock
Preferred stock, 6 per cent
Essex RR.lst mort. (extended for 5 years in ’86).
Certs, of indebt.$.A £ (£398,4C0 at $4*87)
c
Debenture bonds (for $900,000), for refund
Eastern (N.H.)—St’k.J1*} p. c. ren’ltill 1938, E.Mass.
Eel River—Stock, 2 (to 3 p. c.), guar, by Wab. West.
Elizabeth. Lex. dBig Sandy—1st m.,g.,s. f., not dr..c
Elmira Cortland <£ Northern—1st pref. M., gold.c*
1st mort., gold
Elmira & Lake Ontario—Stock
Sodus Bay & Southern 1st mortgage, gold
c
Elmira d Williamsport—St’k, com., 5 p. c. reu’l, N. C.
Preferred stock, 7 p. o. rental, 999 yrs., No. Cent.
1st mortgage bonds
r
Income bonds, 999 years to run
ren’l,999yrs.,Penn. Co.
Erie d Pitts—Stock. 7 p. c.
2d mort., convertible
c*
Equipment bonds
Consol, mort. free of State tax (for
Eureka Springs—1st M.,
c*
$4,500,000). c*
o*
gold..
Income bonds, 6 per cent, not cumulative
EuropeandNo. Amer.—Stock, 5 p. c. rental, M. C...
Evansville d Indianapolis—1st mort., E. A I. gold..
Terre Haute & Southeastern—1st mort
Ev. A Ind. Cons.’M. (for $2,500,000) gold, guar.c*
Evansville d T. Haute—Stock
1st consol, mort., gold
e*
1st
mort., Mt Vernon Branch, gold
95
66
112
285
m
m
m
m
m
m
m
m
•
-
•
•
16
94
110
120
120
98
34
77
77
77
100
8IL2
100
100
•
.
•
■
....
114
54
40
135
156
144
25
1879
1885
1886
•
•
-
1886
1851
1876
1887
immediate notice of any error discovered in tbese Tables.
1884
1884
Outstanding
$1,000
$1,000,000
2,000,000
1,725,000
4,997,600
3,149,844
1,000
1,000
100
100
100 Ac.
1865
1870
1868
1883
....
3.282,000
750,000
1,250,000
100
500,000
50
500,000
500,000
1,000,000
570,000
1,998,400
50
1,000
500
50.
lOOAc
685,000
1,000
1,000
500
2,485,000
500.000
500,000
2,500,000
699,000
260,000
1,001,000
1,000
1,000
6
5
J.
M.
J.
J.
A.
A. A O.
7
7
6 g.
6
2*3
6 g.
7
A. A
J. A
F. A
Feb.
A. A
J. A
M. A
J. A
1881
2,900,000
6 g.
1883
1,000
375,000
0g.
1836-87.
$833,343
440,000
$1,273,343
Lawrence, 20miles; others, 22 miles; leased—Eastern RR. of N. H., 16
miles; Newburyport City RR., 3 miles; Portland Saco A Portsmouth, 51
miles; Portsmouth A Dover, 11 miles; Portsm. Gt. Falls A Conway, 73
miles; Wolfeboro Railroad, 12 miles; total operated, 285 miles.
A
lease
to
A Maine
was
Boston
negotiated on new terms
from Oct. 1, 1883, on the basis of combining the total earnings.paying
all charges, and dividing the surplus income as follows : 1. TosB. A M.,
$630,000 (9 per cent on its stock); 2. To Eastern. $100,000 for sinking
fund; 3. To B. A M., $70,000; 4. To Eastern, $336,000; balance to be
spent by lessee on both properties pro-rata. A consolidation is proposed.
J
N.
J.
J.
O.
Q.-M.
1*4
$4,368,180
$1,354,489
A
A
A
A
A
7
6 g.
Stocks—Last
Dividend.
and by
'
1%
3,000,000
Balance
sur. $81,146
The Knoxville A Ohio gross earnings in 1886-7 were $108,517 and
net $152,719. —(V. 44, p. 90, 119, 149, 181. 211, 343, 491, 621, 751; V.
45, p. 53, 271. 272, 304, 400, 564, 613, 671, 671, 743.)
East Sc West II11. Co, of Alabama.—Road is projected from
Gainesville, Ga., to Birmingham. Ala., and branches, 207 miles, completed
from Cartersville, Ga., to Pell City, Ala., 117 in. The above bond* were
issued in 1887 to take up $800,000 of prior 1st liiortg. bonds and $500,000 of debentures outstanding.
Stock (authorized). $2,000,000 (par
$100), issued at $10,0uo per mile of completed road. In April, 1888, the
management was reorganized and Mr. Prentice, of New York, made
Piesidont.
(V. 44, p. 621; V. 45, p. 211, 240, 573.)
Eastern (IHass.)—Owns from Bos^m, Mass., to Now Hampshire
State Line, 41 miles; branches—Salem to Marblehead, 4 miles; Bever
ley to Gloucester, 17 miles; Salisbury to Amesbury, 4miles; Revere
to
to East Boston, 3^ miles; Peabody to Wakelleld, 8 miles;
Salem
2^
3*2
Where Payable,
Whom.
pal,^When Due.
J. A J. N. Y., Central Trust Co. July 1. 1918
do
do
J. A J.
July 1, 1925
J. A D.
Last paid Dec., 1887.’ Dec. 1. 1926
Dec. 15, 1887
Boston.
Mar. 1, 1888
M. A S.
do
do
M. A 8.
Sept. 15,1891
Boston and London.
M. A 8.
Sept., 1906
M. A S.
Boston. Oilice.
Sept. 1, 1906
J. A D. Boston, by Treasurer. Deo. 15, 1887
A. A O. Boston, by Treasurer.
Apr. 1, 1888
Mar. 1. 1902
N. Y., Mills Building.
M. A S.
A. A O. 1L5 B’way, New York.
April 1, 1914
do
do
J. A J.
April 1, 1914
....
5 g.
50
1,000
INCOME ACCOUNT.
to
91,800
1,000
operations of the Knoxville A Ohio.
Total disbursem’ts
1
6 g.
6 g.
4 to 5 g.
When
Payable
1,500,000
1,000
$7,325,000 consolidated bonds were reserved to retire prior bonds of
the Alabama Central RR. and the E. Tenn. Va. A Ga. RR.
From July 1, 1887, to Mar. 31, 1888 (9 mos.), gross earnings (not in
eluding Knoxville A Ohio) were $3,944,631, against $3,318,747 in
1886-7; net, $1,432,947, against $1,316,353.
Range of prices of new stock has been as follows: Common, in 1886,
llS187s; in 1887, 91b«>17; in 1888, to May 18, inclusive, S^SGO^;
1st pref., in 1886, 67a8358; in 1887, 526/8212 ; in 1888, to May 18, in¬
clusive, 55a65; 2d pref., iu 1S86, 24a353j; in 1887, 18032; in 1888,
to May 18, 17 W24nj.
From July 1, 1887, to Mar. 31, 1888 (9 mos.), gross earn’gs of Knox.
A O. were $376,609, against $306,250 in 1880-7; net, $136,106, against
$126,070.
The liscal year ends Juno 30. The annual report for 1886-87 was
published in the Chronicle, V. 45. p. 671 and 674. The results do not
stock
6 g.
1,000
1,000
1,000
entitled to a non-cumulative
1885-86.
$3,778,291
$1,260,744
4*2
4*2
elect a majority of the Board of Directors of said company, unless be
fore that time the said company should payout of its net earnings 5
per cent dividends on such prefei red stock for two full successive years.”
Dividend of 4 per cent paid on 1st pref. stock in 1887.
In January, 1887, a sale was made of $0,500,000 of the first pref.
Stock to the Richmond A West Point Terminal Company thus giving
them control of the road for five yeais unless dividends of 5 per cent
are paid on pref. stock for two years.
(See V. 44, p. 119.)
The trustee under the consolidated mortgage of 1886 and the 1st ex¬
tension mortgage of 1887 is the Central Trust Company of New York
Total gross earnings
Net earnings
Disbursements—
Interest on debt
Dividend on 1st pref.
Other payments
3
2*4
dividend of 5 per cent, and lias “the right for five years (till 1891) to
Receipts—
4*3
492,500
2,792,800
Capital, $1,300,000; par $100. There is usually au annual deficit
the N. Y. Cent. A Hud. Riv. Co. holds
$2,920,000 of the securities, Tn year ending Sept. 30, 1887, gross
earnings were $217,507; deficit under operating expenses, $7,590.
In 1885-80 gross, $227,194; deficit under operating expenses, $8,847.
East Broad Top (Pa.)—Owns from Mount Union, Pa., to Robertsdale, Pa., 30 miles. A coal road, opened in 1874. The stock is $815,002;
In 1884-85 gross earnings were $89,070; net, $10,003. In
par $50.
1885-80, gross, $90,000; net, $5,223.
East Pennsylvania.—Owns from Reading,Pa., to Allentown, Pa.
30 miles. It is leased for 999 years from May 1,1809, to the Plriladel
pliia A Reading RR., at a rental of 0 per cent per annum on the stock
and interest on the bonds. Above bonds wore issued to retire those fall
ing due in 1888. Austin Corbin, Pres’t, Philadelphia.—(V. 40, p. 173.)
East Tennessee Virginia Sc Georgia Ilaihmi/.-f'&c Map .)—
Owns: Bristol to Chattanooga, Tenn., 242 miles: Morristown to Unaka, 44
in.; Cleveland to Selma, 204 m.; Selma to Lauderdale, 95 m.; Ooltewah
to Cohutta, 11 m.: Rome, Ga., to Macon, 159 m. (18 miles jointly with
Georgia Pacific); Macon to Brunswick. 190 in.; Cochran to Hawkinsville, 10 m.; total, 1,015 m. ; operates Lauderdale to Meridian, 18 m.;
total owned and operated June 30. 1887, 1,033 m. Controls the Knox¬
ville A Ohio road, 00 miles, the lines of the Memphis A Charleston RR.,
from Chattanooga to Memphis, Tenn., 310 m., and the Florence and
Somerville branches, 20 m., in all 390 in., making a total of 1,429 miles
This company, the E. T. Va. A Ga. Railway Co., was formed in 1880 as
successor of the E. T. Va. A Ga. Railroad, ivliicli was sold in foreclosure
May 25, 1880. The first prefem d stock is
6
6 g.
6 g.
100
100
100
1884
1879
183b*
Rate per
Cent.
Nil.
....
....
9,879,814
....
....
1860
1863
194.400
500 Ac.
....
1884
Amount
Par
....
1872
or
Value.
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size
below the interest charge, but
include the
51
RA1LK0AD STOCKS AND BONDS.
May, 1888.]
O.
Baltimore, N. Cent. RR.
N. Y. Pa. RR.
July 1, 1924
May 1, 1383
Jan. 1, 1888
Jan. 1, 1910
Agency.
Phila., Penn. R. R. Co.
do
do
do
do
do
do
J.
A.
1.
O. Bangor, Treas. Oilice.
J. N.Y.. Farm. L. A Tr. Co.
do
do
S.)
do
do
J.‘
Q.-J.
1. 2862
Mar., 1838
Mar. 1. 1890
Oct, 1, 1910
July 1, 1898
Feb. 1, 1933
Oct.
N. Y., Union Trust Co.
do
do
do
do
do
do
N. Y., Mercantile Tr. Co.
do
do
(1*
April 15,1888
July 1, 1924
Sept. 1, 1909
N.Y., Farm. L.&Tr. Co.
J. A J
A. A O.
do
do
do
do
Jan.
1, 1926
Apr. 17. 1838
July 1,
1921
ApriL 1, 1923
Mortgage notes for $634,300 are outstanding, secured by real estate.
In Dec., 188 7, paid a dividend of 4*a per cent on common stock, leaving
a
surplus of $75,382.
The annual report lor the year
following result <4 operation with
ending Sept. 30, 1887, gives the
Boston A Maine. Surplus income
divided, in accordance with the tonus of the lease, as follows:
To Bos. A M.
Boston A Maine Railroad
(9 p. c.)
Eastern Railroad, sinking fund
Boston A Maine Railroad (1 p.-o.)
Eastern Railroad, balance
$630,000
70,000
To Eastern.
$
100,000
336.000
$436,000
$700,000
45, p. 13, 705, 743, 820, 856.)
from Portsmouth, N. H., to Seabrook
(Massachusetts State Line), 16 miles, ft was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oct. 1, 1878, for 60 years and two months at $22,500 per year, equal to
4^ p.ct.por annum. M. Currier, Pres., Manchester, N. H.— (V. 45, p.612.)
Eel lttver.—Owns from Logansport., Ind., to Butler, Ind., 94
miles. This was formerly tlio Detroit Eel River A Illinois Railroad,
sold under foreclosure July 6, 1877.
A lease of the road from April
I, 1887, was made to Wabash Western on the basis of 2 per cent
yearly on the stock till April, 1892, then 2Lj till 1895 and 3 p. c. there¬
after—tills to be paid on $3,000,010 stock.
Elizabethtown Lexington Sc Big Sandf.-(See Map of New¬
port News d Mississippi Valley.)—Road owned Lexington to Junc¬
tion, near Denton, 102 miles; A. C. A 1. Junction to Big Sandy River,
7 miles; total owned 110 miles. Leased Junction with A. C. A I. Co.,
near Denton to A. C. A I. Juno., 21 miles.
West Side Big Sandy River to
Huntington, 9 miles; total operated, 139 miles. From Feb. 1, 1886,
tins road was leased for 250 years to the Newport News A Miss.
Valley Co. on the basis of paying the annual net surplus, if any. to
this companj\ Capital issued. $3,563,353. There are also $4h9,520
certificates of indebtedness; sinking fund is $25,000 yearly, but no
bonds drawn. From Jan. 1 to Mar. 31, 1888 (3 mo.), gross earnings
were $162,299, against $145,071 iu 1837; uet, $38,910, against $32,110.
For year 1886 gross earnings were $937,529; net, $333,616; rentals and
taxes, $48,266; interest, $196,920; surplus, $24,970. In 1837 gro.-s earn¬
ings were $1,115.073; net. $108,854. Surplus over rentals, taxes ami
int., $160,953. (V. 45, p. 642; V. 46, p. 289, 412.)
Elmira Cortland Sc Northern*—Elmira. N. Y., to Camden, via
Canastota, N. Y., 141 miles, of which Elmira to Horselieads, 5 miles,
and Cortland to Do Ruyter, 20 miles, are leased for 499 years, ami
Canastota RR., 21 miles, during corporate existence. Organized May
II, 1878, as successor of the Utiea Ithaca A Elmira RR. Co., foreclosed
April 30, 1878. Again sold in foreclosure Feb., 1884, and reorganized
as at present.
The 1st mort. for $1,250,000 bears 3 p. et. for 3 years, 4
p. ct. for 2 years, then ft p.ct. Stock is $2,000,000; par, $100.
In year
ending Sept. 30, 1887, gross earnings were $374,903; not income,
$56,323; interest, taxes, Ac., $93,686; detlcit, $37,362; total deficit,
$289,106. Austin Corbin, President, New York City.
Elmira Sc Lake Ontario.-Owns from Canandaigua, N. Y., to
Watkins, N. Y., 47 miles; to Chemung Junction, 17*2 miles; Sodus
Point to Stanley. 34 miles—total, 98 miles. This company was a con¬
solidation in December, 1886, of the Elmira Jeifersou A Canandaigua,
the Sodus Bay A Southern and the Chemung Railroads, with stock and
bonds as above.
It is leased at cost of operating to the Northern Cen¬
tral, which owns $1,498,000 of the stock aud $205,000 Sodus Bay
bonds. Lease may be terminated oil thirty days’ notice from either
party. In 1887 the gross earnings were $626,042; not, $22,150.
Elmira Sc
Williamsport.—Owns rrom Williamsport, Pa., co
Elmira, N. Y., 77 miles. This company was reorganized under the
present name Fob. 29, 1860, and leased to the Northern Central Rail¬
way for 999 years from May 1, 1863, at a rental of $151,500 per annum
after Jan. 1, 1880. The dividends on the common stock are 5 per cent
and on the preferred 7 per cent.
Gross earnings in 1887, $927,489;
net, $298,716; surplus to lessee, $147,216. Gross earnings In 1886,
$40,789; net $214,413; surplus to lessee, $162,943.
Erie Sc Eittsburjg.—owns from New Castle, Pa., to Girard, Pa.,
82 miles; branch, Dock Junction to Erie Docks, 3 miles; leased—
Girard to Erie, 15 miles; total operated, 100 miles. Road opened iu 1865It was leased to the Pennsylvania RR. for 999 years from March 1,
L870, at a rental of 7 per cent on stock and interest on the bonds,
and the lease was transferred to the Pennsylvania Co. The lease lias
been quite unprofitable to the lessees; the deficiency paid by them in
1881 was $233,522; iu 1882, $207,651: in 1883, $260,071: in 1881,
$307,841; in 1885, $354.633; in 1886, $225,794; in 1887, $237,306.
Total
-(V. 44, p. 149, 184, 275 ; V.
Eastern (IV. II.)—Owns
Eureka
Springs.—Road extends from Soliginau, Mo., to Eureka
Springs, Ark., 18*2 miles; projected to Harrison, Ark.. 50 miles beyond.
The capital stock is $500,000.
Since completion of the road iu Jan.,
1883, interest averaging over 4 percent yearly has been paid on income bonds.
There is a tratlie contract with St. Lmis A
raueisco,
Sail Franco
by which 15 per cent of freight earnings and 10 per cent of passenger
earnings on business over that road are paid to this company. In 1887
gross earnings were $96,278;
net, $61,958; surplus over interest,
$8,922. R. C. Kerens, President, St. Louis, Mo. (V. 45, p. 373.)
European Sc North. American. — Owns from Bangor, Me.,
to Vanceboro (State Line), Me., 114 miles.
On Aug. 3L, 1882, a lease
was made to the Maine Central for 99 years, for $125,000 per annum*
equal to 5 per cent per annum on the stock, aud assuming the bonded
debt of
$1,000,000, wliioh is given under Maine Central.
ft
RAILROAD
May, 1888.]
Subscribers will confer
a
Miles
explanation of column headings, &c.,
on first page of tables.
see notes
Date
of
of
Road. Bonds
Evansville Terre H. dk Okie.—1st M., gold.int. guar..
2d mortgage, gold
55
55
345
Fitchburg— Common stock
Pref 4 p. c. stock (T. & B. issue, see remarks)
Bonds to State of Mass. (3 p. ct. int. till 1892.)...
....
...
Bonds, coupons
Bonds
....
....
c*
Boston Barre 6c Gardner. 1st mortgage
2d 6c. 3d M, ($57,000 3d M. (conv into stock)
Bost. Hoosac Tunnel Sc. West, debentures
Flint dkPere Marquette—Pref. stock, iton-comulative
Reorganization mortgage, gold ($5,000,000)... .c
Equipment bends, $40,000 paid annually
Holly Wayne 6c Mott., 1st M., sink, fund, end ...c
Florida Railway dk Nav.—F. C. & W., 1st niort.. gold
Florida Transit—1 st mortgage
Peninsular of Florida—1st mortgage
Fla.Ry.ifc Nav., c< nsol. niort. gold
Fernandina & Jacksonville
Florida Southern--iBt in..gold ($12,000 per mile), c*
Char. IIar.Div.,1 st,g.,pay’leatll 0, $10,009 p.m.c*
Fonda Johnstown dk Oloversville—1st mortgage
Consol, mortgage
fort Madison dk Northwestern— 1st mort., gold
Fort Wayne dk Jackson—Prat, stock, (8 per cent)
Common stock
Fort Wayne Cincinnati dk Louisville—Stock
Fort Worth dk Denv. City—1st M., g., $18.00 ’ p. m.c*
Galveston Harrisb.dk S.Antonio—1st in., gold, 1. gr.e*
c”
1st mortgage, gold
do
2d mortgage
c*
c*
....
388*
....
....
3G4
302
....
65
234
155
50
530
24
180
81
10
20
45
97
97
128
449
250
220
071
071
Size,
1870
$1,000
1872
1,000
....
1887
’74-’87
1888
1873
1875
1883
.
_
1,000
100 6co.
1880
1,000
1887
1871
1882
1881
1870
1*84
1883
1883
1885
1870
1831
1880
1,000
285.0 )0
.
1.000
100
....
1,000
....
....
1881
’71-’80
1889
1331
1881
2,820,119
Net earnings
Rents and other income.
Total income
JJis bu rse incuts—
744,289
of dividend
Total disbursem’ts
Balance
And
1880-37.
$
4,373,439
735,624
101,253
890,785
195,882
839,877
1,080,007
256,480
200,011
209,703
423,228
264,331
(5)
306,488
720,709
<* i>
781.574
1,9 *a., 2 ,
sur.58,303 surp.39,949
35 VI A- per VUlit on XWjWV/ shares.
of 2
*■ cent
10,000
^
<*
44.p.59.119,148,421. 434,494, 544,081; V. 45, p. 178, 239,400,
o
u IX
705, 886; V.
WO •
40. p. 25 , 480.)
Flint Sc Perc Itfarquette.—Owns from Monroe,
Mich., to Lading'
ton, Mich., 253 miles: branches—Bay City to East
Saginaw, 13
miles; Flint Junction to Otter Lake, 20 miles; South Saginaw branch,
5 miles; Harrison
branch, 32 miles; Manistee branch. 20 miles;
Saginaw 6c Mount Pleasant Railroad, 15 miles; total operated.
364 miles.
The road was sold August 18, 1880, under the, consol¬
idated mortgage, and reorganization was made. The common
stock of
$3,500,000 was to be issued only after the preferred stockholders had
received 7 per cent yearly dividends for five
consecutive years.
But
in March, 1888, the Court held
they were entitled to have their stock
issued (gee V. 4 0, p. 371.), and a joint board of directors was e.ected in
May, 1888, representing all interests.
2,287,332
g-
g.
g.
g.
g-
g.
2%
431,747
4,000,000
Bond#— Princi¬
pal,When Due.
When
Where Payable, and by
Payable
Whom.
M. & N.
J. & J.
Slocks—Last
Dividend.
N.Y.,Fann. L’an
6c T.Co
do
do
M. & N
F. 6c A.
Boston, Office.
Various
May 1, 1900
Jan.
Boston, Office.
M.
A.
J.
M.
J.
A.
M.
J.
J.
M.
J.
it N.
<t O.
& J.
it S.
<t J.
A O.
it N
it J.
it J.
it S
& J.
May
1.
1900
if>7
1*8$
Feb. 1, 1937
1894 to 1907
do
do
do
do
May, 1909
do
April 1. 1893
do
July 1, 1895
N. Y., Kountze Bros.
Sept. 1, 1913
N. Y., Mer. Ex. Nat. Bk. Jan.
14, 1883
do
do
Oct. 1, 1920
do
do
Nov.l/88to’97
do
do
Jan. 1, 1901
Last paid, Jan., 1885.
April 1, 192 2
Last paid. March, 1885. Mar.
1, 191L
Last paid. Jan., 1855.
May 24, 1906
Last paid, July, 1885.
Q.-J.
July 1, 1924
J. & J. Last paid, Jan., 1885.
July 3, 1923
J. it J.
Boston. Oltice.
July 1, 1923
A. & O.
do
Oct. 1, 1925
J. it J., N. Y., St. Nich. Nat. B’k.
July 1, 1900
A. it O.l
do
do
May 1, 1921
A. it O.i Last paid
April, 1833. April 1, 1905
M. it S.| N Y.,Farmers’ L.&Tr.Co Mar.
1, 1888
'
6*g.
6 g.
7
5 g.
1,000,000
13,413,000
1,000
1,000
247,500
(5)
Dividends
-(V.
300,000
200,900
320,000
4,750.000
252,581
229,088
Interest on debt
Other interest
*
l,182
800,200
1,000
1,000
3,295,289
*
380,000
2,118,900
0,354.000
J.
F.
J.
M.
J.
it' b.
N. Y., Mercantile Tr. Co
it A. N. Y., S o.Pac.C .'o., 23 B r’d
it D.
do
do
it N.
do
do
it J.
do
do
Dec, 1, 1921
Feb. 1, 1910
June 1, 1905
May 1, 1931
July 1, 1931
On Jan. 1. 1888. the land notes
(principal and interest) on hand for
lands sold were $214,809, and lands
yet unsold 79,373 acres. Annua)
report for 1887. in V. 40, p. 572.
INCOME ACCOUNT.
1884.
1835.
1886.
Net earnings
Dish ursemen ts—
Interest on debt
Dividends
Miscellaneous
$
2,252,988
737,527
$
1,946,790
593,950
337,223
Total gross earn’s...
329,499
200,000
4,220
593.725
455,090
Total disbursem’ts.
1887.
$
$
2,100,771
049,669
322.910
325,990
2,572,937
757,654
329,194
422,500
792.223
047,919
751,69 4
Balance forthe year. def. 54.090 sur. 5,225
sur. 1.759
sur. 5.960
-(V. 45, p. 013, 096, 727, 850; V. 46, p. 200, 37 1, 418,
511, 53 7, 572.)
Florida Railway Sc
Navigation.—Miles owned in 1886.
Jacksonville to Chattahoochee, 209 miles, and branches
from Talla¬
hassee to St. Marks, 21 miles; and from Drifton
to Monticello, 4
in.;
Fernandina south, 179 miles; Waldo to Cedar
Keys, 72 miles; Wild¬
wood to Leesburg, 23 miles;
Hart’s road to Jacksonville. 25 m.;
total. 532 miles. In June, 1887, opened the extension to
Plant Citv.
making a short route from Jack-onville.
In March, 1834. the Florida
Central 6c Western, Florida Transit &
Peninsular, Fernandina <fc Jack¬
sonville and the
Leesburg 6c Indian River railroads were consolidated
under this name.
In Oct.i 1885, a receiver (Mr. II. K.
Duval) was ap¬
pointed for the whole, property, a id in Feb.. 1888, the
Florida Central
6c Western was sold in foreclosure to Mr. W.
Bayard Cutting,
York, for the bondholders. The Fernandina 6c Jacksonville was of New
sold on
April 2 and other roads on May 9 The plan of
reorganization was out1 med mV. 40, p 289.
In fiscal year ending Oe\ 31. 1887, gross earn¬
ings wore $1,000,018; net, $203,423. (V. 44, p. 49l.
808; V. 45, p.
042. 705; V. 40, p. 75, 133, 171, 201,
289, 448, 573,009.)
Florida Southern (Narrow-gauge).—Own* from
Palatka, Flu, tc*
m.; R icheile to Leo-burg to
Brookville, 100 in.; Bartow
to Puuta Goida, 81
m.; Leesburg to Astor, 50 in.; other
Branches,
23 m ; total owned, 310 miles.
Capital stock, $10,0o0 pi*r mil-\ There
are also $285,000 bonds of tbe St.
John 6c Lake Eustis RR., 50 m.,
guar¬
anteed by this Co. Company has a State lan l
grant of 13,3 40 acres per
mile. The proceeds of land sales
go to purchase Charlotte Harbor Div.
bonds at 110. J. W. Candler, Pres., Boston.
Fonda Jolinatoivn Sc
Gloversvillc.—Owns from Fonda, N. Y.,
to Northville, 20 in.
The stock is $300,000; p ir, $100.
Gross
Gainesville, 50
in 1880-87, $180.089; not.
$94,944; surplus over
cent dividend, $20,772.
W. J. Heacoek, President,
earnings
charges and 10 per
Gioversville, N.
Y.
Fort Madison Sc North western.—Narrow
gauge road from Fort
Madison, la-., to Collett, la., about 45 miles, .stock. $425,000.
Default
on bonds was made
October, 1884, and on June 30, 1335, a receiver took
possession, and it was proposed to issue new bonds and make, a
reorgan¬
ization, bat nothing was done and an or ler of sale in
foreclosure is
expected
C. A. Gilchrist, Receiver, Fort Madison, Iowa.
soon.
Wayne Cincinnati Sc Louisville.—From Fort
Wayne,
Ind., to Counorsville. Ind., 104 miles: branch to
Rushville, Ind., 24
miles: total operated. J2S miles. The Fort
Wayne Mancie 6c Cin. was
sold in foreclosure, July 27, 1881. and
reorganized under this name.
There arc $109,000 notes, due 1393. Gross
ivc*iptsiu 1330. $271,501net. $58,241.
Gross in 1387, $290,215; net, $53,908;
interest paicL
$7,000. Elijah Smith. President-, N. Y.
Fort Wayne A Jackwon.—Owns from
Jackson, Mich., to Fort
Wayne, Ind. 97 miles. Tin; former Fort Wayne Jackson Sc Saginaw
made
default on its bonds and was sold in foreclosure Dec.
3, 1879. On Sept.
leased perpetually to Lake Shore A Mich. Southern at a
rental of
$120,027, equal to 5*2 percent on the pref. stock, and after 1-387
any
Fort
net earnings over 8 percent
common
Rentals paid.
Rate
673,159
71,130
250,000
8,056.000
INCOME ACCOUNT.
$
6
5
8
5
6
7
6
6
6
6
7
6
7
4,042,000
1.000
the Boston Hoosac 'J unnel 6c Western road was
purchased lor t3.i>9:».000 preferred stock and $2,000,(»00 common
stock, subject ro debenture
bonds amounting to $1,400,0<»0. There is also
outstanding a 4 p. ct.
mortg. note of the IT. T. J>. <fe E. Co. for $500,000 due 1892.
l*rom Oct. 1,13-7, to Dec. 31. 1887(3 mos ).
gross earnings were
$1,400,409, net $132,597; surplus over charges, $141,853.
The fiscal y ear ends Sept. 30. The nnnu il
report was in V. 45, p. 885,
and gave an account of the transactions of i he
year.
1885-80.
3*2
2,808,000
1,000,009
1.000
100 &c.
100 Sec.
100 &c.
100 <fcc.
500*e.
loo
100
....
5 & 7
3 it 0
5
1,000.000
1,000
1,000
1,"00
1,000
0 miles of the track of the Rockville Extension into
also, leases the Indiana Block Coal road, 15 miles. On
April, 30, 1880, a lease to the Chicago 6c Eastern Illinois was made for
999 years; terms, $75,000 per annum and the
assumption by the C. 6c E.
I. of all rentals and taxes paid by E. T. II. 6c C.
Josephus Collett, Presi¬
dent. Terre Ilautc. Ind.
Fitchburg.—Owns from Boston, Mass., to Fitchburg, Mass.. 50
miles; from .Greenfield to T.oy, N. Y., 87 miles; Jolmsonville, N. Y., to
Rotterdam Junction, 30 miles; and B. Barre & Gard. RR., Worcester
to Winchendon, 30 miles; branches—Charlestown, 1
mile; North Cam¬
bridge to Waltham, 9 miles; South Acton to Marlborough, 32 miles;
Peterborough
Shirley, Ayer, Mass., to Greenville, 24 miles; Saratoga
.and Scliuylerville, 20 miles; Ashburnhaiu branch,
3 miles; total owned,
281 miles; leases and operates—Vermont Sc Mass.
RR., Fitchburg to
GreeDtield, 56 miles; Turners Falls Branch, 3 m.; Bennington, 5 m.; total
leased, 04 in.; total owned and operated. Sept. 30, 1887, 315 m.
The present company was formed
by eouso!id;«tion in 188 7 of the
Fitchburg RR.. Troy 6cGreenfield RR. and the Hoosac Tunnel, ami the.
urcliase of the Troy 6c Boston railroad.
Of the preferr d stock
1,333,300 was forTioy Sc Boston stock, Ac, and this stock receiveonly 2 2-5 per cent yearly till after March, 1891. ami then but 3 1-5
per
cent till after March. ’95, and in ca^e of
extraordinary expenditures on
the T. & B. beyond amounts provided tor, the dividends
may be with¬
held. Troy A Bo ton 7 percent bonds for
$l,20(K0O0 n ve relused to
come into consolidation agn ement, and the
question whether they are
due and payable is before the courts. The Iloo-ao Turn el
Dock <v Ele¬
vator Co. was also taken in lor. $1,512,500 of tlie
Fitchburg -to<-k, and
$
6 g.
6 g.
13.794.600
2
3 to 4
5,000.000
7.350,009 4,4^5 67
5
2,0'>0,0 >0
391,000
243,000
1,400,000
0,500,000
3,924,000
.
uses
1884-85.
Cent.
7,C0f),000
1.000
Terre Haute;
Receipts—
Gross earnings
33
INTEREST OR DIVIDENDS.
Rate per
325,000
100
100
....
Junction, Ind.,to Danville, Ill., 49 miles; leased, 0 miles; total operated,
55
Net
BONDS,
$775,000
Evansville Sc Terre Haute.— Owns from
Evansville, Ind., to
Terre Haute, Ind., 109 miles; Ft. Branch to lilt.
Vernon, 37 miles; New
Pittsburg bran eh, 10 miles; total operated. 150 miles. The Rockville
Extension, 23 miles additional, is leased to the Terre Haute & Logansport for 99 years from Nov. 1, 1879. Formerly the Evansville 6c Crawlordsville RR. Co. Annual report for 1880-7 in V. 45,
p. 537. Gross
earnings year ending Aug. 31. 1887. $831,771; net, $403,190; surplus
over all interest and dividends. $6,5-3.
In 1885-0, gross, $704,157 ;
net, $388,977. (V. 45, p. 20, 537, 538.)
Evansville Terre Haute Sc Chicago.—Owns from Terre Haute
It
Amount
Outstanding
Evansville Sc Indianapolis.—Own5* from Evansville, Ind..
,to
Terre Haute, Ind. (via Worthington), 135 miles; branch to
Lancaster, 3
m.; to Brazil, 12 in.; total, 150 miles.
In Oct., 1887, leased the branch
Brazil to Saline City, 3 2 miles. This Co. was a consolidation in
Oct.,’95,
of three corporations, viz.: the Evansville <fc Indianapolis, tbe Evansville
Wash. <te Brazil and the Terre Haute & Southeastern railroads. Of the
consolidated niort. bonds, $1,260,(HiO are reserved to meet
prior liens.
The consolidated bonds are guaranteed by the Evansville ifc Terre
Haute Co. Capital stock, $2,000,009. From Jan. 1 to
Aug. 31 in 1887
(8 inos.) gross earnings were $153,097. against $121,308 in 1880; net,
$64,114, against $64,843. (V. 45, p. 20, 509.)
miles,
or
Par
Value.
JE
2d mortgage
Western Division,
do
AND
great favor by giving immediate notice of
any error discovered lu these
Tables.
DESCRIPTION.
For
STOCKS
on pref. stock to be paid
stock, but not exceeding 2 per cent a year.
Fort
Worth
Sc
Denver
City.—(See
as
dividend
Map)—Owns
on
from
Fort
Worm, Tex., to Texas State line, d4 i miles, completed in
March, 1888.
Stock. $20 000 per mile. $3,985,000; par value of
shares, $100. Total
stork mitborized, $30,009,000.
Bonds wers authorized at $21,000
per
forthe 2i'U miles to near Quauali, but
beyond that point to he issued
$10,000 per mile, making the whole road average $18,900
per mile.
They were actually issued it the first rate only to HarroM, lt4
miles;
beyond at $16,009 per mile. See abstract of
mortgage. V. 45, p. 440
m.
at
(Trustee, Mercantile Trust Co. of N. Y ) Tbe road at the
State line
a junction with the Denver Texas
<fc Fort Worth, and
thereby
constitutes a throurii line from Denver via Fort Worth to
Galveston
forms
ami New
terest on
Orleans. 8 >4 miles.
the bonds till each
The construction company
pays in¬
piece of road Is turned over to the
company for operation ; hence the earnings on road operated have ex¬
ceeded considerably the interest charge (Hee annual
report for 1836-87
in V. 45, p. 819. >23 )
Range of stock prices since 18-4 have been as
follows: In 1885, 14®25; in 18s«, lb<£258»;
in 1*87, 2lt2^621a; in
1888 to May is inclusive, 32^s<»463s.
In 1836-7 gross
earnings,
$069,755; net. $296,353; surplus over Interest, taxes,
Ac., $49,167.
From Nov. 1. 18*7, to Feb. 2o. 1888 (4
month-), gross earnings were
2 82,712, agst $176,385 m 1880 7:
net, $111,968, agst. $34,992. Morgan
rones. Pres.. Fort Worth. -(V. 44. o. 60, 99, 184,
211.308.392,400,
*34. 49 \ 520, 551, 081, 808. V.4u P 25. 8>. 112, lh«.
272, 342.
437.
49, 575, 042, 708, 792, 819, 820, 823 ; V. 40, p. 75, 255 341
413.)
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SUPLEMNT.
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k^KSON
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y<>n
vc'’'
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yit
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MAP OP THE
v-*.
V
•
THE
-
DENVER
TEXAS &
FORT
.
iP
Ac^'U°
CITY.l,
DENVER,TEXAS & PORT WORTH,
DENVER,TEXAS & GULP.
COMPRISING
Ttoekland.
XimiiHSa.s’
XV Haskell
\i N'
PORT WORTH & DENVER
vGunymus
o'
WORTH
SYMTEM
:L :r^..
[Yol.
Austin!
.
Nel
C»-V'e
S.Murcos.
^
Presidio
v
T'
Ft. Beaton
.Wv°
A,
SP°'
Uvalde
X’loi
t's
V.
u (lOii/.iileH
ClGALV.ESXON;
XLTi
KA1LK0AD STOCKS AND BONDS.
May, 1588.
Subscribers will confer
a
great favor by giving immediate notice of any error discovered in these
Tables.
DESCRIPTION.
For
explanation of column headings, <fcc.,
on first page of tables.
Miles
see
note8
Date
of
of
Road. Bonds
Galveston Houston dc Hend. of 1882—1st m.,guar..e
Geneva Ithaca & Sayre— 1st M., (for $1.500,000)...r
Itliaca & Athens. 1st rnort., s. f., gold
e
Georgia Co.—Trust bonds, simf'd,aft.July,1892,g.c*
Georgia Midland <6 Gulf— 1st M. g,($15,000 p. m.).c*
Georgia Pacific— 1st mort., $10,000 per mile
2d rnort., income, cumulative ($15,000 p. m.)
50
....
35
98
357
315
1883
1885
1870
1887
1886
1882
Georgia Railroad <£• Banking Co.—Stock.
Bonds, not mortgage:
c
Bonds, not moil. ($300,000 mature in 1922). .efer
Bonds, not mortgage
r
Grand Rapids dc Indiana—Stock
C"
1st M., land grant, gold s. f. (guar, by Pa. RR)..c‘
1st mort., gold, ($505,000 are land grant s. l‘.)...c*
2d mortgage, redeemable at 105 till 1894
c*
Consol, mortgage for $13,000,000
c. As r
Mortgage (gold; on Muskegon Division
e+
Green Bay Winona <£ St. Paul— 1st mort. coup
Funded coupon bonds
2d mort. income bonds, reg.. non-cuinitiative
Gulf Col. •£ Sajita Fe—1st M., g. ($12,000 p.m.)
2d mortgage ($8,000 per mile), gold
559
335
335
367
367
57
219
....
Gulf t£ Ship Island— 1st M.. gold, $12,000 p. m...c*
2d mort. for $2,800,000 ($8,000 p. m.), gold
c*
Hannibal & St. Joseph—Consol. M. (for $8,000,0001.0'
1st mortgage Quincy & Palmyra RR
c
1st mortgage Kansas City & Cam. RR
c*
RartHsb. Portsm’th Mt. Joy <£ Lane.—Stock. 7 % guar.
1st M. (ext’d in ’83), int. guar. Penn. RR
r
Harrisburg <£• Potomac— 1st mortgage, coupon
Hartford dc Connecticut Western—Stock
;
....
219
c
c
or
Par
1,018
1,018
....
292
13
54
54
54
38
108
104
Amount
Value.
$1,000
1,000
1871
1,000
77&80
1887
R000
1.000
100
ioo
....
....
1853
1874
....
1883
Cent.
Payable
4,000,000
1,470,000
1,000
1,000
1869
1869
1884
1884
1886
1881
1886
1881
1879
1885
1887
1887
1881
1867
1867
When
$2,000,000
750,000
lOOefcc.
1,000
1.000
Rate per
Outstanding
307
....
INTEREST OR DIVIDENDS.
Size,
1883
Const !. 2d rnortg
1st mortgage
5$
5
6
7 g.
5 g.
6 g.
6
6
600,000
3,567,000
4,227,320
2,520,000
4,200,000
100,000
2.300,000
200,000
2%
6
5
3,934,000
1,000
1,000
1,441,000
2,700,000
3,267,000
1,000
1,000
500
1,000
1,000
1,000
750,000
1,600,000
280,830
3,781,000
12,216,000
7,494,000
1,000
1,000
(!)
(!)
1,000
6.643,000
1,000
433,000
1,000
1,076,000 |
50
500 &c.
100 &c.
100
1,000
Galveston Harrisburg 6c San Antonio.—(See Map
of Southern
Pacific.)—Owns from Houston, Texas, to San Antonio, Texas, 217 miles
LaGrange Extension, 28 miles; Harrisburg to Pierce Junction, 8 miles;
leased, Harwood to Gonzales, 12 miles; total, 266 miles. Western Ex¬
tension, San Antonio to Rio Grande River, connecting with Southern
Pacific, 636 miles; Eagle Pass Branch, 35 miles; total Western Exten¬
sion, 671 miles. Grand total, 937 miles.
The stock is $27,093,000. The 1st mort, covers 25G miles of old road
and 1,500,000 acres of land. It has a sinking fund of 1
per cent, but
it is optional with bondholders to surrender their bonds, if drawn.
There is also $182,034 Texas school debt
outstanding. The mortgages
T.
J.
J.
Payable, and by Stocks— Last
Whom.
|
&0.
Mercantile Tr. Co.
& J. Phila., Company’s office..
& J.
do
do
& J. N. Y., Central Trust Co.*
cfe J. N. Y., Central Trust Co.
& J. N. Y„ Central Trust Co.
& O. N. Y.,MetropornTr. Co.
Q.-J.
7
'Rowrfs-Prinol-
& J.
cfe j
& J.
.
1,182,550
700,000
I
i
507,200
2,600,1*00
610,000 j
7 g.
7 g.
6
5
5 g.
6
6
8
7 g.
6 g.
6 g.
6 g.
5 & 6
8
10
J.
A.
M.
M.
J.
F.
F.
M.
J.
cfe
cfe
&
&
cfe
cfe
<fe
&
cfe
A. &
J. <fc
J. &
M. cfe
F. cfe
J.
3*fl
4
7
1*2
5
!
&
J.
J.
J.
(fe
&
&
do
do
do
do
,
do
do
J. N. Y'., Winslow, L. & Co.*
O.
do
do
N.
do
I
do
S.
do
do
J.
do
do
1
A. N. Y.Farmers’ L.&Tr.Co
A.
do
do
N.
None ever paid.
J. N. Y.. Nat .City Bank.
O.
do
do
J.
N. Y., Agency.
do
J.
do
S. N.Y.,Bk.of No. America.
A.
do
do
!
J.
do
do
i
J.
Phila., Co.’s Office.
J.
do
do
J. Phila., Third Nat. Bk.
....
J.
&
J.
Dividend.
April 1, 1913
Jan., i9io~
July it 1890
JulV l' 1997
July l' 192ft
Jan.
Apr.
Am.Ex.Bk., N.Y.,&Aug, April
4,985,081
1,000
1.000
A.
J.
J.
J.
J.
J.
A.
\\ here
Hartford,
Jan.
1, 1922
1923
1'
i5, i8S8
1, 1890
’97.1910,1922
Jan. 1, 1922
Oct. 1, 1899
Oct. 1, 1899
Nov. l' 1899
Sept. 1, 1924
July 1, 1926
Feb.
1, 1911
Aug. 1, 1906
May 1, 1911
July l' i909
Oct, 1, 1923
Jan. 1, 1927
Jan. 1, 1927
Mar. 1,1911
Jan. 1, i892
Jan. 1, 1892
Jan. 10,1888
July 1, 1913
Jan.
Dec.
1, 1904
l'
1882
July 1, 190 3
bonds were guaranteed by that company, which ha3
bought the coupons
when any remain unpaid by the earnings.
First mortgage laud grant
bonds may be bought (not drawn) at 110 out of
proceeds of land sales,
there was in the sinning fund for them Jail. 1,
1888, $1,599,737 cash
and bills receivable.
They are replaced by 5 per cent bonds issued.
Tbe bonds on the Muskegon Division have a traffic
guarantee applicable
to their interest payment. Penn. RR. owns all 2d
mortgage and
consolidated bonds. Besides above Indebtedness there is The $419,000
so-called
Mackinaw loan for $275,000, and real estate
mortgage lor $56,000.
The Co. has a land grant, and sold in 1887 21,237
acres, for $411,218..
The lands unsold on Jan. 1, 1888, were 392,573 acres. The
assets were
$553,585 bills receivable and $1,046,151 cash.
The income accounts of Grand Rap. & Ind.
proper for four vears were
the Mexican Pacific extension cover 63G miles of road, from San
Antonio to El Paso, and the Eagle Pass branch, 35 miles—671 in all.
On Feb. 10,1885, this property was leased .for 99
years to the Southern as follows:
Pacific Company for interest on the debt and 161* per cent of the net
INCOME ACCOUNT.
profits on the whole Southern Pacific system.
1884.
1885.
1886.
From Jan. 1 to March 31, 1888 (3 mos.), gross
1887.
earnings were $938,$
*
970, against $698,240 in 1887; net, $222,526, against $7,998 in 1887.
$
$
Gross earnings
2,116,299
In 1887 gross earnings were $3,317,184; net, $682,947.
1,946,143
2,098,127
2,361,901
Net earnings
613,720
603,715
760,593
850,533
Galveston Houston 6c Henderson of 1882.—Owns from Gal¬ Total disbursemts...
567,602
744,413
746,406
722,246
veston, Texas, to Houston, Texas, 50 miles.
The road was sold in fore¬
closure Dec. 1, 1871, and again Aug. 1, 1882. It is now leased for Balance
sur. 46,118 def. 140,698 sur. 14,187 sur.
126,287
99 years, to the International <fc Great Northern Railroad
Company and —(V. 44, p. 22, 184, 235, 300, 434; V. 46, p. 134, 254.)
bonds guaranteed by that company.
Stock of the new company is
Green Ray Winona 6c St. Paul.—Owns from Green
$1,000,000. In 1886 gross earnings were $401,031; expenses, $395,355;
Bay, Wis.,
net, $5,676; interest and taxes, $118,467. In 1887 gross, $408,525; de¬ to Marshland, Wis., 209 miles; branches, 10 miles; leased—Plover
to Steven’s Pt., 6 miles; total, 225 miles. This was a
ficit under operating expenses, $63,383; interest and taxes,
$160,669;
reorganization in
1881 of the Green Bay cfe Minnesota, which
received from rental of track, $286,202.—(V. 44, p. 400.)
company made default and
the road was sold March 12, 1881.
Preferred stock is $2,000,000, and
Geneva Itliaca 6c Sayre.—Owns from Geneva, N.h., to Sayre,Pa.»
entitled to 7 per cent when earned, and common stock
75 miles; branch, Ithaca, N. Y., to
$8,000,000,
Cayuga, N.Y., 33 miles; Hayt’s Corners both stocks $100 shares. On Feb.
1,1835, default was made on the
branch
on
(leased), 3 miles; total operated, 116 miles; organized Oct. 2, ’76,
first
mortgage interest, and in 1886 bondholders consented to fund the three
of the Geneva Ithaca & Athens RR (sold in foreclosure
Sept. overdue coupons and the
company resumed payment of interest on
2, 1876). In 1880 absorbed the Cayuga cfe South. RR., 37 miles. The
August 1. For 1886-87 gross earnings were $424,131: net, $113,055 *
com. stock is $1,275,000; pref., $400,000. 8
per cent, cumulative; par taxes and
interest, $111,223. In 1885-86, gross. $341,470; net, $64,737^
both $100.
In year ending S«pt. 30, 1887, gross earnings were $424,454; net, $28,160; deficit under Interest, $60,754. In 1885-86, gross, Samuel Sloan, President, New York.— (V. 46, p. 254.)
$412,128; net, $46,122; interest payments, $81,630; deficit, $35,507.
Gulf Colorado 6c Santa Fe.—(Sec
Map)—Mileago as follows: Gal¬
Georgia Company.—This company was formed in 1887 to control veston to Purcell, 517 miles; Alvin to Houston, 26; Somerville to
and extend the -ystem of the
Georgia Central RR. <fc Banking Co., and Conroes, 74; Temple to Coleman and Ballinger, 198; Cleburne to Paris
owns 40.000 shares ($4,000,0 ’0> of the stock of that
and Dallas, 154; Cleburne to Weatherford, 42;
branch, 12; total
company, and this
stock is deposited with the Central Trust Co. of N. Y.
Dec. 31, 1887, 1,022 miles. Road was sold and
(trustee of mort
reorganized April 15,
gage) as security for the above bonds. After July 1, 1892, a sinking 1879. In April, 1886, the stock of this company was exchanged for the
fund of at least 1 per cent of outstanding bonds will
purchase or draw stock of the Atchison Topeka <fe Santa Fe RR. Co., and the two properties
bonds at 110. Stock authorized is $16,01)0,000 (par $100); outstand¬ thus consolidated. See V. 42, p. 630. Also abstract of
mortgages in
V. 45, p. 241.
ing, $400,000.— (V. 45, p. 792; V. 46, p. 4 of adv’ts, 353.
In 1887 gross earnings were $3,608,550; net,
$1,055,168; surplus
Georgia Midland 6c Gulf.—Road built from Columbus, Ga., to over lixed
charges. $32,443. In 1886, gross earnings, $2,556,461; total
McDonough, 98 miles. Stock, $12,000 per mile. N. Y. otlice, 7 Nassau St. net
receipts, $835,365; surplus over interest, $72,705.—(V. 44, p. 21,
-(V. 46, p. 133.)
201, 495, 526, 551, 553, 751; V. 45, p. 241, 342, 878; V. 46,
p. 134.)
Georgia Pacific.—(See Map of Richmond dc Banville.)— Atlanta,
Gulf 6c Ship Island.—This road is under construction
Ga., to Starkville, Miss., 317 miles; small branches, 14 miles; Green¬
2*3 miles
ville, Miss., to Jolm8onville and branch (3ft. gauge),pc miles; total, 357 west of Mississippi City at Gulfport, a new town owned by the com¬
miles. Branch to Bessemer, Ala., 19 miles, under construction. ThcGa. pany, to a junction with the Memphis cfe Charleston
just beyond the Mis¬
Pacific has been built by Richmond & Danville Extension Co., and
oper¬ sissippi line. The total length of the road, as projected, is 350 miles, of
ated in the R & D. system. The R. & D.
gives atratlie guarantee of 20 which 63 miles from Middleton, Tenn., to Pontotoc, Miss., is in operation,
and about 77 miles to connect with the New Orleans & Northeastern
per cent on joint business to pay coupons if needed, but the
at
coupons
may be held as a lien. The capital stock is $8,485,000; par $100. In¬ Ilattiesburgh is expected to be finished early in 1888. Both mort¬
terest on income bonds is cumulative, but it is convertible into income gages cover land acquired; trustee, Manhattan Trust Co. The
bonds
bonds. Sept. 30, 1887, there were also $237,171 non-int.
are held by the Construction Co. till road is finished.
bearing and
as successor
$348,000 6 per cent car trust notes and $246,668 other notes outstand¬
ing. A plan for changing the income bonds for new s-ourit es was
given in V. 46, p. 320. From Oct. 1, 1887, to March 31, 1838 (6 mos.),
gross earnings were $713,802, against $548,238; net
$184,581, against
$199,114. In 1886-7, gross earnings were $1,159,655; net over expenses
and taxes, $396,377;
surplus over interest, $134,817.—(V. 44, p. 499;
V. 45, p. 791; V. 46, p.. 320, 511.)
Georgia Railroad 6c Ranking Co.—Augusta, Ga., to Atlanta,
Ga., 171 miles; branches to Washington and Athens,60 miles; Warrenton,Ga.,to Macon, Ga., 76 miles; total owned and operated, 307 miles.
The Western Railway of Alabama is controlled
jointly with the Central
RR. of Georgia, this company
holding one-half the stock of $3,000,000.
The Macon cfe Augusta RR., 76 miles, is owned
by this company. The
Port Royal A Augusta RR. is owned one-fifth part
by this company ;
the Atlanta & West Point
thirty-live one hundredths by this company.
In April, 1881, a lease for 99
jTe;irs was made to W. M. Wadley and
associates, lor the Central of Georgia and the Louisville <fc Nashville
railroads, at $600,000 per year, payable semi-annually, and dividends
are 2*14 per cent
quarterly. Deficit to these companies in 1884-85 on the
lease was $98,599; in 1886 87, $110.959. In 1837-88 net income
from
an
sources, including bank, was $671,459, leaving a surplus of $75,500
above all charges, including 10 per cent dividends.—(V. 46, p.
245.)
Grand Rapids 6c Indiana.— (See Map of Pennsylvania RR.)—Owns
from Fort Wavnelnd., to Mackinaw
City, 367 miles; Manistee Branch,
22 miles; Missaukee Branch,
8 miles; Osceola Branch, 7 miles; total
owned, 404 miles ; leases and operates Cin. Richmond cfe Fort
Wayne
RR., 86 miles; Traverse City Railroad, 26 miles;
Bay View Little
Traverse cfe Mackinaw Railroad, 6 miles; Muskegon Grand
Rapids &
Indiana RR., 37 miles—155 miles. Total, 559 miles.
The Grand Rapids cfe Indiana Railroad is
operated in the interest
of the
Pennsylvania Railroad Co., and $4,000,000 of the first mortgage
Hannibal 6c St. Joseph.—Owns from Hannibal, Mo., to St.
Joseph,
Mo., 206 miles: branches—Cameron to Kansas City 54 miles; St. Joseph
to Atchison, Kans.. 20 miles; Palmyra to
Quincy III., 13 miles; leases,
2 miles; total operated, 295 miles.
The Bridge across the Missouri River at Kansas
City is owned.
The company received $3,000,000 in bonds from the State of
Missouri,
which loan was repaid in cash in Juno, 1881, but
litigation followed.
The U. 8. Circuit Court decided a further sum to be duo the
State, and
this also
was
paid.
Stock-Common, $9,168,700; preferred, $5,083,024; par $100. C. B.
cfe Q. RR. Co. owns the greater part of both classes of
stock, and also
$9,000,000 5 percent deoenturea.
Preferred stock has prior right to a non-cumulative dividend of 7
per
cent; then common to 7 ; then both share. In Deo., 1887, a 7
percent
dividend, the first for some years, was paid on pref. stock. Fiscal year
ends Dec. 31. The income accounts have shown a
surplus over all
charges of $397,562 in 1887; $68,210 in 1886; $506,152 in 1885.
Harrisburg Portsmouth mount Joy 6c Lancaster.—Own®
Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch, Mid¬
dletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for
999
years from Jan. 1, 1861, the rental being 7 per cent on the stock and
interest on the bonds. Stock $1,182,550; par $50.
Operated as a part
of main line of Pennsylvania Railroad.
Harrisburg 6c Potomac.—Owns from Bowmansdale to Shippensburg, Pa., 32 miles; branch to mines. 5^ miles; total operated, 37^
miles. Bonds authorized, $1,800,000. Stock
$379,165; par $100. Austin
Corbin, President, Philadelphia, Pa.
Hartford 6c Connecticut Western.—Hartford,
Conn., to Rhineclifi’, N. Y., 108. Foreclosure suit was begun in 1880 against the former
from
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[Vol.
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SYSTEM.
/
/
/
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Alamo /
E
C
o
xlvi.
RAILROAD STOCKS AND BONDS
May, 1888.]
Subscribers will confer
a
greatjfavor by giving immediate notice
DESCRIPTION.
Miles
For
explanation of column headings, Ac.,
on
first page of tables.
see
notes
Bousatomc—Stock
Preferred stock, 8 per ceut. cumulative
New consol, mort. (for $3,000,000)
Date
of
of
Road. Bonds
c*
164
1C4
164
r
74
74
2d mort. bonds of 1869
Bonds
Consolidated mort
Rolling stock certificates
Boust. East <£• West Texas.—1st M., gld ($7,000 p. m.)
2d mort., land grant
Houston t£ Texas Cent.—1st M., (main) gold, l.gr.,s.L
1st mort., 1. gr., West div. (Hempstead to Austin)
IstM., gold,Waco & N’west (Bremond to Ross)
Consol, mort., land grant, Main and Western Div.
Gen. mort., gold (for $18,500,000)
Buntingdon c£ Broad Top—1st mort., gold
2d mortgage, gold
3d mortgage consolidated
....
192
192
345
119
58
464
522
64
64
64
?
Illinois Central—Stock
Leased line 4 per ceut stock, guar
$ 1,953
Mortgage bonds, sterling
706
Sterling bonds, (s. fd. £20,000 drawn yearly) ..c*
706
Mortgage, sterling, bonds of 1905
706
Mortgage bonds, gold
e*
Mortgage bonds, gold
c*
Trust bonds sterl’g, (secured by CI1.S.L.& N.O. cons.)
Bonds, coup., mortgage onCh. A Sp. RR
Bonds, mortgage
on
Middle Div
r
Collat. tuv-t b’ds.gold (for$15,000,000) $ A £...c*
Chic.St Louis & N.O., 2d M. (N. O.J.A G. N.j....
do
do
1st mort
do
do
2d mort
do
do cons.M., gld. (for $18,000,000)
706
706
....
Ill
131
....
224
567
567
567
Size,
\
1,000
100
100
£200
£200
£200
----
1875
1874
1875
1886
1886
1886
1877
1881
18*8
1860
1877
1877
1881
1,000
1,000
£200
1,000
1,140,000
3,980,000
4,325,000
416,000
367,500
1.497,000
40,000,000
10,000,000
2,500,000
3,850,000
1,000,000
1,500.000
2.496,000
5,000,000
1,600,000
1,000
500&C.
1,000
1,000
1,000
1,000
968.000
5,000,000
1.480,000
1,397,000
80,000
15,037,000
1
Conn. West., and tlie State Treasurer took possession. On May 25,1881,
bondholders reorganized, and stock in new company issued for bonds.
In March, 1882, the purchase of the Rhinebeek A Connecticut Railroad
was made.
In August. 1887, Jas. W. Huated, of N. Y., was elected
President, and this road
was
reported then
as
probably lonning
a
part
of the loute to connect with the Poughkeepsie Undue and form an allrail route across the Hudson River.
Sept. 30, 1887, there were still
outstanding $119,000 C. W. RR. 7 per cent bonds, due 1900, convert¬
ible into stock at 00 per cent, on which no interest is paid.
In year end¬
ing Sept. tO, 1887, gross earnings were $350,434; net, $108,796;
surplus over charges, $65,848.
Gross in 1885-86, $348,964; net,
$93,975; surplus over interest, Ac., $55,027.
166, 212, 239, 642, V. 46, p. 228.)
(V. 44, p. 308
;
V. 45, p.
Housatonlc.—Owns Bridgeport. Conn., to State Line, Mass., 74
miles; Brookfield June, to Danbury, 6 miles; leases—Berkshire Railroad,
22 miles; West Stockbridge Railroad, 3 miles; Stockbridge A Pitts¬
field RR., 22 miles; Danbury & Norwalk RR., Danbury to Wilson, Conn.,
27 miles, and branches, 10 miles; total operatid, 161 miles.
The pre¬
ferred 8 per cent cumulative stock was Issued in 1845, and in Oot,
1887, the stockholders voted to settle past accumulative dividends by
an issue of new 4 per cent non-cumulative stock for the old,
together
with 160 percent in the same stock or a $100 bond, for the past-due
dividends. Common stock to be exchanged for the same new pref.
on
basis of three new for four old shares. A consol. 5 per cent mortgage
for $3,000,000 was issued to effiot these changve, retire old debt,
Ac.
There are also $70,000 5 per cent .Danbury branch bonds due
October 1, 1912, redeemable after 1892. In Sept., 1886, the Housatonic leased the Danbury A Norwalk RR. for 99 years.
Fiscal ye. r ends Sept. 30.
Operations and earns, have been as follows:
Passenger Freight (ton) Gross
Net
Div. %
Mileage.
Mileage. Earnings. Earnings. Rentals. Pref.
Years.
1884-85.... 8,835,567 14,890,424 $345,859
$249,632
$74,102
690.016
240.610
74,100
1886-87. ...15,737,214 21,757,014 9*2,550
380,253 170.022
-<V. 43, p. 334: 774 ; V. 41, p. 681; V. 45, p. 53, 472, 672, 856.)
1895-86.... 9.890,020 17,296,373
5
6
3
Houston East Sc West Texas.—(Narrow gauge, 3 feet.)—Owns
from Houston, Tex., :o Sabine River at Logausport, 192 miles, and
connects there with a line to Shreveport, La. The company had a Texas
land grant of 10,240 acres for eacn mile constructed and
equipped.
Bonds issued to the extent of $7,000 per mile first
$5,000
mortgage
per mile second mortgage, but the 2d mortgage bonds were not sold
and are held as collateral for the debt due Mr. Bremond, $750,000.
Stock authorized, $10,000,000 ; issued, $1,920,000.
In July, 1885, M.
G. Howe was appointed receiver.
Interest is in default, and several
propositions have been made to bondholder.-5. See V. 44, p. 244; V. 46,
In 1887 gross earnings were $361,820; net, $106,446.
p. 352 and 609.
-(V. 44, p. 244; V. 45, p. 792; V. 46. p. 352, 413, 609, 050.)
and
Houston Sc Texas Central. (See map of Southern Pacific )—Owns
Houston, Tex., to Red River City, Tex., 345 miles; branches
—Hempstead, Tex., to Austin, Tex., 118 miles; Bremond, Tex., to
Ross, Tex., 57 miles; total operated. 520 miles. Texas Central RR.
completed from Ross to Albany, 177 miles, with branch, Garrett to
Robert, 52 miles, is opeiated in connection with this road, but accounts
are separate.
The company has a land irrant from the State of Texas
of 10,2 40 acres per mile, amounting to about 5,130,720 acres; but the
lands are not on the line of the road. Mr. Morgan, of the Louisiana
Steamship Line, bought a controlling interest in the stock, and in
February, 1883, the Southern Pacific party purchased this interest
($3,985,500 of tHe stock) with their purchase of the Morgan property.
from
Total stock is $7,726,900.
The 1st mort. is a first lien on the main line at the rate of $20,000 a mile,
covering 345 miles of road; it is also a first lieu on ten sections of land
for each mile, or 2,20^,000 acres.
The second mortgage at 8 per cent,
is a second lien on 463 miles of road and also a first lien on six sections
of land for each mile of road,
being 1,777,920 acres in all.
In February, 1885, B. G. Clark and Clias. Dillingham were
appointed
recti vers.
Sale of the road is 10 bo made soon under a decree
granted May, 1888. and uud *r the propo ed plan of reorganization
interest charges wi 1 be about' $960,000 per year.
A 1 the exist¬
ing mortgages to
be
foreclosed and
a
new
company organ¬
ized.
The first mortgage
bondholders of all the d visions to
receive
$50 per bon l bonus
in cadi and payment of ba k
interest up to July 1, 1887, and
new
live
per ce t
50 year
god bonds secured bjr a sirgle mongige on the entire railroad
ami the lands now cov« red by the existrug first mortgages. The
consolidated or second mortgage bondholders to nceive $180 per
bond in 6 p« r c< nt debentures and new six per c<-nt gold bonds drawi
g
interest from October 1, 1*87, secured by a second mortgage. T m gen¬
eral mortgage bondholders to receive new geutral
mortgage gold bonds
four per cent intei est from October 1, 1887, and $120 per
bond la f. ur p r cent, debenture bonds. The geueral
mortgage is
to cover the entire
property and is to be iuither secured by the
denosit with its trustee of 1,149 of t ie new second c r consolidated
mortgage bonds. A.l mortgages to be guaranieod by the Southern
Pa itic Co.
bearing
The following is the statement of gross earnings, operating
expenses,
chargedto renewals and betterments, and gross interest charges,
in each of the past four
years.
6,154,000
2,271,000
1,000
Where Payable, and by
S t ocks—Last
Whom.
Dividend.
Hartford.
M. & N
J. A J.
4
A. A 0.
5
A. A O.
5
J. A J.
7 g- M. A N.
6
J. A J.
7 g. J. A J.
7 g.
T. A J.
7 g. J. A J.
8
A. A O.
6 g. A. A O.
7 g. A. A O.
7 g- F. A A.
5
A. A O.
M. A S.
3**
2
J. A J.
6 g- A. A O.
5 g- A. A O.
5 g. J. A D.
4 g. J. A J.
3ia g. J. A J.
31* g. J. A J.
6
J. A J.
5
F. A A.
4 g- A. A O.
8
A. & O.
7
M. A N.
6
J. A D.
5 g. J. A D.
300,000
200,000
1.344,000
750,000
1,000
1,000
1,000
1,000
1,000
1,000
500
500
Bonds— Princi
pal, When Due.
Bridgeport. Ottice.
5 g.
6
100.000
500Ac.
When
Payable
"3’
1,180,000
700,000
300,000
1,000
500Ac.
—-
X
Rate per
Cent.
$320,000
100
’
amounts
Outstanding
$100
1887
1869
1885
1890
1*81
1878
1883
1866
1870
1873
1872
1881
1854
1857
1865
discovered in tliese Tables.
INTEREST OR DIVIDENDS.
Amount
Value.
.
of any error
f
or
Par
57
N.Y., Farmers’ I..A T.Co
Jan. 10, 1887
Nov. 1, 1937
Bridgeport, Office.
July 1, 1889
do
do
do
do
do
do
Last coup’n
pd.May, ’86
Last paid July,
Last paid July,
Last paid July,
Last paid Oct.,
Last paid Oct.,
18^5
1885
1885
1894
1884
Philadelphia, Ottice.
do
do
do
do
1910
I
April 1, 1910
1889
1898
Jan. 1, 1913
July 1. 1891
July 1. 1891
July 1. 1901
Oot. 1, 1913
April 1, 1925
Sept. 30,1890
Feb.
N. Y., 214 Broadway.
do
do
London.
London,Morton R.& Co.
1,
April 1,
Mar. 1,
Jan. 1,
April 1.
April 1,
do
do
Dec. 1,
New York. 214 B’dway.
Jan. 1,
N. Y., 214 Broad way
Jan. 1,
London,Morton R.A Co.
July 1,
N. Y., 214 Broadway.
Jan. 1,
do
do
Aug. 1,
do
do
April 1,
do
do
Oct. I,'
do
do
Nov. i;
do
do
Dec. 1,
do
do
June 15,
1895
1895
1888
1888
1895
1903
1905
1951
1951
1950
1898
1921
1952
1890
1897
1907
1951
EARNINGS, EXPENSES AND CHARGES FROM 1883 TO 1886 INCLUSIVE.
1883.
1884.
1885.
1886.
Gross
earnings
$3,251,875 $2,547,817 $2,739,915 $3,080,796
Expenses—
Operat’g, incl’g taxes.$1,743,771 $1,578,190 $2,052,377 $2,311,205
Extraordin’yrep’s,&o
Equipment
687,392
95,393
549,699
92,221
77,192 ?
82,989 j
QQ.
Total
$2,526,562 $2,220,110 $2,212,559 $2,390,039
earnings
$725,313
$327,737
$527,356
$690,757
-(V. 44, p. 22.184,526.653,681,751; V. 45, p.437, 612, 727, 792,
820; Y. 46, p. 191, 299, 537, 573, 609.)
Net
Huntingdon Sc
Broad Top.—Owns from
Huntingdon, Pa., to
Mt. Dallas, Pa., 45 miles; brancues—Shoup’s Run, 9 miles; Six Mile
Run, 4 miles; and Sandy Run, 3 miles; Long’s Run Br.. 3 miles;
total operated, 64 miles. The capital stock is $1,369,100 common and
$1,985,600 7 per cent pref. stock; par, $50. There were also, Dec. 31,
1*87, $99,966 car trusts. In February, 1984, a dividend of 75 cents
per share was paid on pref. stock, in July, 1887, 2 per cent, and
Jan. 31, 1888, 2
per ceut.
There is outstanding $121,181 of 7 per
cent scrip due December, 1839.
In 1887 gross earnings $435,426; net,
$260,425. In 1896, gross, $379,975; not, $222,736. (V. 44, p. 184; Y.
46, p. 190.)
Illinois Central.—(See Map.)— Line of Road—On Dec. 31, 1887.
the mileage was: Chicago to Cairo. 365miles; East Dubuque to Central
lia, 341 miles; C. St. L. A N. O. RR., Cairo, Ill., to New Orleans, La.,
547 miles; branches—Otto to Normal, III., 79 miles;
Buckingham to
Tracy, Ill., 10 miles; Kempton Juuctiou to Kankakee June., Ill., 42
miles; Gilman to Springfield. Ill miles; Park Site to South Chicago. 5
miles; Champaign to Havana, with branch Monticello to Decatur, 130
miles; West Lebanon, Ind., to Leroy, Ill., 76 miles; Durant. Miss., to
Aberdeen, Miss., 108 miles; Jackson to Parsons, Miss., 115 miles;
Schula to Durant, Miss., 24 m.; total owned and operated Dee. 31,1887,
1,953 miles. Under construction: Chicago Madison & Northern, Free¬
port, III., to Madison, Wis., and Chicago to Freeport, about 170 miles;
Cherokee A Dakota, Cherokee, la., northward to Sioux Falls, and south¬
ward to Onawa, 155 miles; Cedar Rapids A Chicago, Manchester,
Ta.,
to Cedar Rapids, 42 miles: total, 367 miles.
On Oct. 1, 1987, the Du¬
buque A Sioux City and Cedar Falls & Minn., and the Iowa Falls A Sioux
City, leased roads, were surrendered, and their earnings no longer in¬
cluded in the Illinois Central’s.
Organization, Leases, &c.—This company was chartered in Decem¬
1850, and organized in March, 1851. The lands granted were
upon the condition that the company should pay to the State 7 per
cent of gross earnings yearly in lieu of taxes.
The leased lines in
Iowa were acquired in 1897 by purchase of a
controlling iutereat in
their stock. The company acquired a controlling interest in the Ohio.
St. Louis A New Orleans Railroad, and leased it from July 1, 1882,
for
ber,
400 years, at 4 per cent per annum on stock, and issued the above 4 per
cent leased line stock in exchange for the Chic. St. L. A N. O. stock.
Fiscal year ends December 31. Annual election held in March.
Stocks and Bonds—The 4 and 3*2 percent bonds due in 1951 are under
the old main line mortgage of 1874. On the Chic. St. L. & N. O. the lessee
guarantees the principal and interest of all the outstanding bonds prior
to the 5.per cent bonds, and by an endorsement on the latter bonds
guarantees the payment of the interest on the same until the principal
is paid.
Of the first mortgage bonds, $511,000 are a prior lieu on
that portion of the road in Tennessee. The trust bonds of 1896 are
seemed each one by a deposit-of a $1,000 bond of the Chic. St. L.&N.
O consol. 5 p. c. mort. and they also have the agreement that they shall
be secured by any future mort. that may be issued ou the Ill. Cent, lines.
The collateral trust bonds of
$15,0- 0,004, and
of $16,350,000 5
1952
are
for
an
authorized amount of
cured by pledge with the LT. S. Trust Co. of N. Y.
per cent 1st nortg. gold bonds of subsidiary rail¬
roads as follows: Canton Aberdeen «te Nashville, 89 miles,
$1,750,000;
Yazoo A Miss. Valley, 140m., $2,8u0,000; Chicago Havana & Western,
131m., 2,500,000; Rautoul, 75m., 1,000,000; Cedar Rapids & Chicago,
42m; $*30,000, Cherokee A Da kola, 155m., $3,100,000; Chic. Madi¬
si
Northern, 225 in., $4,370,000; total, 850 miles; $16,350,000.
Dividends paid since 1870 (prior to current year) have been: In 1871,
10 per cent; in 1872, 10; in 1873, 10; in 1874, 8; in 1875, 8; in 1876,
son A
8; in 1877, 4; in 1878, 6; in 1879. 6; in 1880, 6; in 1881, 7; in 1882,
7; in 1883, 8 and 17 per cent in Chic. St. L. A N. O. stock, exchangeable
for leased line certificates: in 1884, 10; in 1885, 8; in 1886, 7*2; in 1*87,
7.
Prices of the stock yearly since 1870 have been: in 1871, 132®139Lj;
in 1872, 119@140; in 1873, 90 ®12G*2; in 1874, 90® 108*2; in 1875, 88**
®106*2; in 1876, 6078®103%; in 1877, 40V®79; in 1878, 723s®87; in
1879, 79)4® 100%; in 1880, 99^®127^8; in 1881, 124®146*2; in 1882,
127%® 150*2; in 1883,124 ®148: in 1884, U0®140; in 1885. 119**
® 140; in 1886, 130®1431e; in 1897, 114®138; in 1*88 to May 18, inol.,
114® 123.
Operations
and
Finances.—The company, to extend its easiness,
acquired the line from Cairo to New Orleans, and invested largely in
improving the property, and in 1897 acquired the leased lines in Iowa
by purchase of iheir stocks.
RAILROAD STOCKS AND BONDS.
May, 1888.
Subscribers will confer
great favor by giving immediate notice of any error discovered In these Tables.
a
DESCRIPTION.
For
Miles
explanation of column headings, Ac., see notes;
on first page of tables. '
Illinois <& St. Louis— 1st mortgage
Venice A Carondelet mort., guar
Indiana Bloomington <£ West.—1st, pref., ep. or reg.
1st mortgage, coup., may be reg
Consol, income bonds for $6,000,000
2d mortgage, coupon or reg
1st mortgage, gold, Eastern Division
Sinking fund debentures
1st M.,for $1,042,000, g., ($1,800,000
2d M., (income non-cum. till Feb.,’93)
bds.,
non-cum.,
reserved).c
c
drawn at 100
r
Indianapolis & St Louis—1st mort., in 3 series
c
Mort for $2,000,000, gold, (end. by C. C. C. A I.)c
Indianapolis <£ Vincennes— 1st mortgage, guar—c
2d mortgage, guaranteed Penn. Co
e
Iowa Falls <£ Sioux City—1st mort
April 1, 1869
—
.,
Ithaca A uhurn d■ West.—1st mort.(for $500.000)
2d mortgage, (income for 3 years)
Jacksonville Southeastern—1st mortgage
General mortgage
Jacksonville Tampa d-. Key West—1st,gold,re.d.at 110
Jefferson (Pa.)—1st A 2d morts. (Hawley Branch)..
1st
mortgage (Susquehanna to Carboudale)
Jet Tersonrille Madison <£ Indianapolis—Stock
Jeff.Mad.& Ind., 1st M. (s.f. $15,00o, dr n at 110)c
do
do
2d mort
c
Jersey City d- Bergen— 1st mortgage
19
6
202
202
342
1,000
1.000
1883
500
1.000
1,000
1,000
1,000
1,000
1,213,000
117
184
38*2
38*2
54
112
130 l,
9
38
222
159
159
1876
1888
18-58
1888
1869
1882
1867
1870
1869
1876
1877
1880
18^2
1884
1867
1869
2,149
100 Ac.
500 Ac.
3.500,000
1,000
4,688,000
500 Ac.
1,000
7
5
5
10
7
6
7
6
7
7
7
6
6
6
2,000,000
500,000
1,700,000
1,450,000
2,800.000
400,000
498.090
300,000
1,115,000
1,000
1,000
1,000
1,566,000
1.000
100
2,000,000
2,000.000
2,550,000
1,995,000
258,000
186*6
300,000
1,000
1870
1873
1877
1 882
1865
1,000
1,000
1,000
5,312,759
6,112,110
1887.
"7
7
7
7
4*2
6
999.
The road is
6,919,852
8,145,920
1,62.,905
8,332,151
1,667,711
9,031,863
Tot.gross earnings.
1,726,017
12,190,333
12,621,264
12,529,494
13,546,288
Opera tin g expc n ses—
Maiut’ce of way, Ac.
1,384,553
1,407,696
Maint’ce of
1,209,079
1,371,330
1,116,187
4,053,187
1 56-,407
1,272,879
4,470,655
6,540,704
5,938,790
7,310.941
6,235,347
52 20
53 97
Total*
N*t earnings
P.c.of op.exp.to earn
6,128,512
1,062,321
50 27
4,009,854
6,626,629
5,994.635
52‘50
A
A
A
A
A
A. A
A. A
J. A
Oct.
O. Last paid April, 1886
D.
Last paid June, 1886
A.
N N. Y., Lo ck w ’d B ros. AII.
N.
None paid.
O.
0.
J.
1
Various
M. A N.
F. A A.
M. A N.
A. A O.
J. A D.
J. A J.
J. A J.
,T. A J.
J. A J.
J. A J.
J. A J.
A.
J.
J.
J.
J.
A-
A
A
A
A
A
A
N.
Y., 1st Nat. Bank.
Now York. Office.
do
do
N. Y., Union Trust Co.
N. Y.f Union Trust Co.
N. Y., Farm. L. A T. Co
do
do
N. Y., Nat. Park Bank.
N.Y., Hanover Nat. Bk.
do
do
N.Y. Am.Ex.Bk.A Phila.
do
do
N. Y. Merean. Trust Co.
N.Y..N.Y.L.E. AW.RR.
do
do
0. N. Y., Farm. L. A T. Co.
J.
do
do
J.
Jorsov City.
J. N. Y., Farm. L. A T. Co.
J. Phila., 233 So. 4th St.
O.
do
do
April 1, 1909
July 1, 1921
April 1, 1909
June 1, 1921
1903
At will.
Nov. 15, 1903
July 1, 1906
Oct. 1, 1947
Jan. 1, 1948
Drawn at 100.
July 1, 1919
Nov.
Feb.
1, 1912
1, 1908
May I,' 1900
Oet,
1.
1917
Dec., 1906
Jan.
1, 1907
1910
July 1,
July 1,
Jan. 1,
18Sy A'
Jan.
1912
1914
1927
1, 1889
Oct. 1, 1906
July 1, 1910
Jan.
1,
1903
July 10, 1907
July 1, 1907
April 1, 1900
only incidentally of advantage to Us owners as a
Operations and earnings for three years past were :
Passenge
Years.
Freight (ton)
Miles.
Mileage.
265
20,596,678
265
21,017,157
265
25.118,045
1885
1886..
1887
Mileage.
216,121,867
177,844,516
205,617,923
Gross
Earnings.
$1,855,903
1.876.495
2,237,551
Net
Earnings.
$249,249
444.513
538,338
Indianapolis Sc Vincennes. -Owns
from Indianapolis, Ind.
to Vincennes, Ind., 117 miles; branch, Bushrod to
Dugger, 12 miles;
total, 129 miles. The Penn. Co. owns a controlling interest in the stock
and operates the road, advancing the
deficiency to pay interest on the
bonds. The capital stock is $1,402,000; the debt due to Penn. Co. Deo.
31, 1886, was $1,513,007. In 188 L the net earnings were
$10,260; in
1882, $19,850; in 1883, deficit, $11,031; in 1884, deficit, $9,570; in
1885, deficit, $5,847; in 1886, surplus, $26,298; in 1887 deficit under
expenses. $20,828. Annual interest on debt, $206,000.
Iowa Falls A Sioux City— (See Map of Illinois Central).—Owns
from Iowa Falls, la., to Sioux City', la., 184 miles.
This road was leased
to the Illinois Central till Oct. 1, 1887,
when the Illinois Central ac¬
quired the property by purchase of the stock, of which the total is
The road has since been operated separately.—(V. 44, p.
$4,600,000.
Excluding rentals and taxes.
—(V. 44, p. 118, 149, 275, 291, 307, 310, 343, 494, 526, 539, 653, 808;
V. 45, p. 142, 509; V. 46, p. 368, 380, 382.)
Illinois Sc St. IiOuls.—Belleville to East St. Louis. Ill., 15 miles;
branches to coal mines, 4 miles; total, 19 miles. Leases Venice A Caron.
HR., 6 miles, and guarantees the bonds. Capital stock of Ill. A St. Louis
is $900,000 preferred and $617,000 common.
In year ending June 30,
1887, gross earnings were $204,406 ; net. $98,247; surplus over all in¬
terest, $48,984 ; in 1885-6 gross were $222,975; net, $38,667; surplus
over all interest, $33,751.
Jos. W. Branch, President, St. Louis.
Indiana Bloomington Sc Western.—Owns from Indianapolis,
Ind., to Pekin, Ill., 202 miles, and Indianapolis to Springfield,
Ohio, 142 miles. Leased. Pekin to Peoria, 9 miles.
Total operated, 353
miles.
The Cincinnati Sandusky A Cleveland and branch was sur¬
rendered March 10. 1888. The former Indianapolis Bloomington A
Western Company defaulted Oct. 1, 1874, and the road was sold in
foreclosure Oet. 30, 1878. The stock is $10,000,000 and there are
also $72,300 registered income bonds.
In July, 1886, a receiver was appointed for the I. B. A W.
On March
28, 1887, the road was sold at Indianapolis and will he reorganized in¬
dependently, witli modifications of the plan,
A.
J.
F.
M.
M.
June 1, 1895
1900-’02
Jan. 1, 1900
$'
2,355
7.902,043
1,538,850
1,127,074
3,616.385
g.
J. A D.
St. Louis.
Various
do
J. A J. N.Y., Corbin B'nk’g Co.
A. A O. Last coup.paid Apr.,’86
profits
Freight
Mail, express, Ac...
equipm’t
Transp’n Amiscel’a.
g.
7
route to St. Louis.
4,848,140
g.
£•
g.
4*2 A 7
800,000
425.000
300.000
1,000
1,000
Fr’ght(t’ns)mileage. 577,542,939 623,369,121 719,928,008 830.970,523
Ave.ratep.tonp.m.
1*37 cts.
1*31 ets.
1*16 cts.
1*09 cts.
Earnings—
$
$
$
$
Passenger
2,749,910
2,529.632
2,852,439
2,785,403
as
the proposed consolida¬
tion with Ciu. San. A Cl. failed (see circulars in V. 46, n.*191, 254).
No recent annual reports. For year 1887 gross earnings were $2,616,-
223, against $2,542,8o9 in 1886, on 532 miles each year. For the year
ending June 30, 1886, gross earnings $2,493,536; net, $839,783; dis¬
bursements, $919,497; deficit, $79,714.—(V. 44, p. 90, 184, 211. 434;
V. 45, p. 369, 401. 072; V. 46, p. 102, 171, 191, 254, 320, 4 80.)
Indiana Illinois Sc Iowa.—Completed and in operation from
Streator, Ill., to Knox, Ind., 120 miles. Stock, $3,598,000. Holders
of first mort. bonds due Nov., ’87. agreed to an extension, subject to
call.
In year ending June 30, 1887, gross earnings were $188,701; net,
$42,*93; surplus over charges and improvements. $1,052.
Gross in
1885-6, $123,089 ; net. $22,568. F. M. Drake, President, Centreville, la.
Indianapolis Decatur Sc Western.—Owns from Indianapolis,
Ind.. to Decatur, III., 153 miles.
It. is contemplated to extend the road
westward to a connection with other.important systems. This
company
is successor to tlie Ind Dec. A Spring. RR., sold in foreclosure May 25,
1887. The foreclosure sale was made in New York under tire 2d mort.,
and the old stock was assessed $2 50 per share. Tfie capital stock is $1 ,000.0* 0. Of the new 1st mort. bonds, enough are reserved to ictire the
old I.D. A S. lsts, which are subject to a sinking fund of $40.0u0
yearly,
dependent upon earnings. The 2d mort. 5s are non-mmulativc income
bonds for five years, interest payable only if earnings more than suffice
to meet prior interest charges and sinking fund payments of Ind. Doc.
A Sp. bonds. Trustee of 1st and 2d mortgages, Farmers’ Loan A Trust
Co. Tile income la nds are also subject to said sinking fund charge.
N. Y. Office. 2 Wall st.-(V. 44, p. 184, 211, 362, 682; V. 45, p. 239, 272,
856. 886; V. 46, p. 38, 404. 449, 538.)
Indianapolis Sc St. Liouis.—Owns from Indianapolis to Terre
Haute, Ind., 72 miles; leased line, St. L. Al. A T. II. and branches,
193 miles; total operated, 265 miles.. The old lease of the St. Louis
A. A T. H. was guaranteed by three other companies, and suit, lias been
pending as to the rental. The company was formerly controlled by
the
Pennsylvania and Cleveland Columbus Cin. A Ind. companies,
■who jointly owned the stock of $600,000.
Interest had not been
paid on the second mortgage and equipment bonds since July, 1878,
and on July 28, 1882, the road was sold in foreclosure for $1,396,000
(subject to 1st mort.) and bought for Clev. Col. Cin. A Ind. Co. and a
new company organized September, 1882.
Mr. J. D Layng is the
President. A new lease was made of the St. Louis Alton A Terre Haute
by which this company and the Cleveland Columbus Cincinnati A In¬
dianapolis are jointly liable for the rent of $450,000 per year as a mini-'
mum.
Of the first mortgage bonds series “A” are J. A J.; series “B,
M. A S.; series “C,” M. A N.; and the C. C. C. A I. RR.
guarantees
#750,000 of them. Stock, $500,000.
6
795,000
1,000
500 Ac.
1,000
500 Ac.
100 Ac.
100 Ac.
1,000
Passenger mileage.. 123,585,470 129,027,769 114.582,636 122,790,261
Fr'glit (this) moved.
3,354,085
3,587,270
4,051,823
4,910,218
*
8
6
7
5 to 6
6
5 to 6
6 g.
6
6
142,000
120
120
153
153
153
153
72
72
117
On:NATIONS ANl) FISCAL RESULTS.
1HS4.
1885.
1886.
Operations Passengers carried.
$200,000
300,000
1,000,000
1883
1882
For 18S7 the annual report was in V. 46, p. 368, 380, 382. The
the whole line are shown in the figures below :
2,066
$500
1,000
1881
3*(>
2,066
par
Value.
140
6
op’ratMDec. 31.
Amount
1.500,000
3,000,000
500,000
600,000
341,000
1,800,000
44
3-6
R’d
Ronds—Princi¬
pal,When Due.
Rate per When
Where Payable, and by
Stocks—Last
Outstanding
Cent.
Whom.
Pay’ble
Dividend.
INTEREST OR DIVIDENDS.
or
202
c
of
1875
1880-2
Size
1879
1879
1881
1S79
Joliet (£• Xorthcrn Indiana— 1st M.,guar. by M. C.. .c
Junction (Philadelphia).—1st mort. (extended)....
2d mortgage
Date
of
of
Road. Bonds
....
Indiana Illinois & Iowa—Bonds, extended
2d mortgage, reg
Indianapolis Decatur & Western—I.D.A Sp.lst.g.s.f.
Income
59
Itliaca Auburn Sc Western.—Ow'ns from Freeville to
Auburn,
N. Y., 38 miles. The New York A Oswego Midland RR., Western Exten¬
sion,
was sold in foreclosure, and tilts company organized
Sept. 20,
1876. The stock is $975,800. On April 1, 1883, was leased to South¬
ern Central of New York for the term of its charter,
at a rental of 3313
per cent of gross earnings, with guarantee that rental shall equal 4
per
cent on first mortgage bonds.
I11 Nov., 1886, leased to Lehigh Valley
RR. with So. Central, and with this road is now
operated by Penn. Sc
N. Y. Canal A RR. Co.
Foreclosure has been consented to by a majority
of bondholders in order to change the form of bonds to conform to the
terms of the lease.
Jacksonville Southeastern.—Owns from Jacksonville to Cent
ralia, Ill., 112 miles. This was the Jacksonville Northwestern A South¬
eastern RR., projected from Jacksonville to Mt.
Vernon, 125 miles. In
1879 the company' was reorganized by the bondholders under this
name.
Stock $1,000,000. I11 yrear ending June 30, 1887
gross reoeipts
were $171,719;
net, $82,390; interest on bonds, $71,716: surplus,
$10,613. Gross in 1885-6, $162,151; net, $57,780; interest on bonds,
$70,242 ; deficit, $12,463. W. 8. Hook, Presid’t, Jacksonville, Ill.
Jacksonville Tampa Sc Key West.—{See map)—Line
of road
Jacksonville, Fla., to Santord, 126 m.; Enterprise branch, 4*2 m. Deland
branch, 4m. Leased At. Coaca St. Johns A I. R., Enterprise to Titus¬
ville, 37 m.; operates Jaeksonv. St. Aug. A Halifax, 37 m.; Sanford A
Lake Eustis RR., Sanford to Tavares, 29m.; total operated, 237*2 m.
This road forms a link in the Atlantic Coast line running from Jackson¬
ville to Sanford. Florida, and via South Florida road to
Tampa, whence
steamers run to Havana.
(See full statement as to location, etc., in
Chronicle V. 44, p. 681.) The road was opened March, 1886, and in
the year ending April 30, 1887, the gross
earnings on mainline, 130*$
miles,
were
$422,333
;
net, $124,414.
The land grant is about 1,500,Stock
000 acres. The bonds may'ho redeemed before maturity at
110.
is $2,600,000.
N. Y. office, 10 Wall St, (V. 44, p. 681; V. 45, p.
V. 46. p. 320, 573.)
25,53;
Jefferson.—Owns from Susquehanna Depot, Pa., to Carboudale, Pa.,
Hawley, Pa., to Honesdale, Pa., 8 miles; total, 45
37 miles; branch,
miles. Leased in
perpetuity' to the Erie Railway' for $140,000
per
and now operated byr the N. Y. Lake Erie A West. Capital
stock, $2,096,050. Samuel Hines, President, Scranton, Pa.
Jeffersonville ITIadison Sc Indianapolis.—(See Map of Penn¬
sylvania RR.) Owns from Jeffersonville, I ml., to Indianapolis, Ind., 108
miles; branches—Madison, Ind., to Columbus, Ind., 45 miles; Colum¬
bus, Ind., to Slieibyville, Tnd., 24 miles; Jeffersonville, Ind., to New
Albany*, Ind., 6 miles; Shelby'A Rush RR., 18 miles; Cambridge Ex¬
tension, 21 miles; total operated, 222 miles. The road was leased to
annum,
Pennsylvania Company from
bonds and 7
1873, with
a
guarantee of interest
on
per cent on stock.
Lease was modified from January 1,
1880, the lessees to pay over all the net earnings of the J. M. A I.
Co. The Pennsylvania Company owns $1,981,600 of the stock. Divi¬
dends were at the rate of 7 per cent, per annum till Mayr, 1880. Sink¬
ing fund, $15,000 yearly, draws 1st mort. bonds at 110. In 1887 gross
earnings were $1,540,152; net. $408,443; surplus over fixed charges,
$83,082. In 1886, gross, $1,319,244; net, $357,775.
Jersey €Ity Sc Bergen.—Owns from Jersey City to Bergen Point,
28 miles.
I11188/gross earnings, $473,615; net, $88,277; sur¬
plus over charges, $25,190; dividends (9 p. c.), $45,000. In 1886.
gross, $411,062; net. $102,384. Stock, $500,000. Dividends 7 per cent
in 1886 and 9 in 1887.
C. B. Thurston, President, Jersey City'.
Joliet Sc Northern Indiana.—Owns from Joliet, III., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central
mainline. Road opened in 1854 and leased to the Mieh. Cent. Above
bonds definitely guaranteed were issued as a compromise in place of
N. J..
00
INVESTORS’
SUPPLEMENT.
[Vol. XLvr.
RAILROAD
Mat, 1888.]
Subscribers will confer
a
Miles
explanation of column headings, &c.,
on first page of tables.
see notes
Kanawha d Ohio— 1st mort. ($10,000 p. in.)
..C‘
Kansas Central—lstm.($480.000guar K.C F.S.&G)
Kansas CiiyBett—'i st,($488,000 $m. K.C. F.S.&G.) .c”'
Kansas City Clinton d Spring. 1st M., gold, guar...
Pleasant Hill & De Soto. 1st mort.. gold
Kansas City Fort Srott d Memphis.—Stock
do
Cons. M., $25,000p.m.)not dr..c'
K. C. F. S. & G., 1st M., land irrant, sink fund.c*
do
Mortgages guar. (dr. at 110)..c*
do
do
do
Kan & Mo. RR.
c*
Equip.b’ds,($70,000 ret’d an’lyc*
Ten-year coupon notes
Kan. City S. & Mem., 1st M (drawn at 110)..-.c*
do
do
do
Plain b’ds (red’ble at 105). guar,
Mem.equin.b’dsfgu.byK.C.S.&M)
Date
of
Road. Bonds
115
168
10
174
45
1886
1881
18-6
1885
1877
671
18-8
1879
’80-’81
1882
1883
160
202
26
....
....
282
....
....
81
276
Wyand’e d N. TV—M.$iiM 00p.m.,g.,$&.£.c*
Kentucky Central— Covington & Lex.,mort.,extend
Maysville & Lexington Rtf. mortgage
New mortgage, gold
c*
132
80
49
220
162
143
Memph.
do
Kan. C
Keokuk d-Des Moines— 1st M., int. guar. C. R. I. & P.
Keokuk d Wistern—Common stock
Kings County Elevated—1st mortgage, gold
o*
Kingston d Pembroke—1 st mort. (iedeeiu. at 105)
Lackawanna d Pittsburg—Mortg. (for $2,000,000)
....
....
134
.
....
Income bonds
....
Allegany Cent., 1st mort., gold, payable at 105...
2d mortgage, gold
do
Income mort., not cumulative
Lake Erie Alliance d South.—1st M.for$l,2n0.000.c*
Inc. bonds, non cum., g. (red. after 1*97 at 10 ).c\
62
62
uo
.
old 8 per cent bonds,
Stock
BONDS.
61
....
60
60
.
-
or
Par
1883
1884
1885
1*87
1-87
1883
18*8
1855
1876
1887
1878
When
Cent.
Payable
$727,000
1,348.000
1,5*0,000
1,000
1,000
1,000
1,000
(?)
2,247,000
1,000
1,000
2,815,000
390,000
420.000
320.000
....
....
1,000
1,0' 0
1,000
1,000
1,000
6,876,000
50*',000
892,000
1,620,000
6,259,000
600,000
2 J 00,000
219,000
1,000
1,000
1,000
1,000
100 &c.
6.037,000
2.750,00o
4,000.000
....
1,000
500 &c.
1,000
2,350,0*10
572,000
1,642,000
800,000
281,000
59,000
36,000
346,000
1,000
1.680.000
1,000
....
....
....
1,000
....
M. &
J. &
M. &
F. &
J. &
N.
D. Bost., Nat. Webster Bk.
S.
do
do
A.
do
do
D.
do
do
Stock, $250,000; par. $.; 0. Fiscal year ends Feo. 28. Surplus over ex¬
penses and int. in 1882-3, $123,919;
in 1*83-4, $130,731; in 1884-5,
$95,865; in 18*5-6, $131,212; in 18'6-7, $28,024; in 1*87-8, $107,$28. Large dividends are paid according to
receipts each year. In 1884
paid 40 p. c., in,18s5 20 p. c., in 1886 30 p. c., in 1887, 45 p. e.
Kanawha A Ohio.—Corning, Ohio, to Charleston. IV. Va., 115
miles, and to be extended to a point in Fayette Co., W. Va., in all 180
miles. The Ohio Cent. Riv. Div. defaulted en interest Sept, ’83. and
was sold Oct. 22,’85, and this
company organized and above bonds
issued.
Bonds and stock of old company were assessed.
(See plan, V.
40. p. 356.) $200,000 of the total of $1,800,000 1st mort. bonds are re¬
served toretire ihe loan on the Point Pleasant
Bridge, and $111,' Oo to
retire the Ohio Cent. Mineral Div. bonds.
Common stock author¬
ized $2,200,000; 1st pref., $6,000,000; 2d pref., $4,000,000. Oltiee, 2
Wall st.. Now York.
Nelson Robinson, President.
(V. 43, p. 132 ; V.
45, p. 135; V. 46, p. 218.)
J.
N. Y. Agency.
O. N. Y. Ofiice, 15 B’wav.
Jan.
J
Jan. 1, 1914
Oct. 1, 1925
Oct. 1, 1907
M.
M.
J.
A.
M.
g-
&
&
&
&
&
Dec.
1, 1893
1895
May 1, 1923
Mav
1, 1894
1-12th
yearly
Oct., 1927
Mck. 1, 1927
.....
6
g.
[A. &
J.
J.
g.
|A.
&
&
&
Jan. 1, 1938
June, 1890
1906
July 1, 1987
Oct.
J. & J.
M. & S.
J an’arv
J. & J.
g.
g.
Last paid July, 1884
Last paid Get., 1884
1325
1912
April 1, 1923
April 1, 1923
9
1886.
$
.$
109,625
116,951
475,576
336,156
21,176
964,461
sur.23,747
4
p.
133,703
99.018
429,120
41*
8
8
3,805
1,046,213
def. 4,068
$
103,250
405,880
22,300
384
1887.
111.177
2Hj
8
574, 613, 642; V. 46,
1, 1912
1, 1917
Jan. 1, 1917
1885.
5
8
1922
Jan.
.
102,661
Total disbursements.
1,
Sept., 1922
Agency.
,
76,212
pref....
Jail.
Jan.
N. Y\
....
com
1, 1923
April 2, 1888
j
K. C. 8. & M. proport’n.
et. Scott equip,
houds.
-( V. 45, p.
Sept. 1, 1910
Aug. 1, 1922
N. Boston. Nat. Union Bk.
N.
do
do
D.
do
do
O.
Boston.
S. Boston, Merck. Nat. Bk.
do
do
J. N. 5'., Western Nat. Bk.
I>. N, Yr., Office, 23 broad.
J N. Y., Morton. B. & Co.
J. N. Y„ Ofiice. 23 Broad
O. N.Y., 13 William street.
N. Y., John Baton & Co.
J. N. Y., Am. Ex. Nat. Bk.
J. N.Y..R. P. Flower & Co.
O. Last paid April, 1881
J. &
J. &
J. &
J. &
g.
6 g.
Sinking fund
Miscellaneous
May 1,1928
June 1, 1908
....
6 g.
Do
1, 1936
April 1, 1916
Boston, 26 Sears’ Bldg.
1884.
$
Dividends
Rate paid on
Dividend.
O. Boston, Merck’s Nat.Bk.
O.
do
do
($300,000) carries dividends of 8 per cent
(Philadelphia).—Owns from Belmont. Pa., to Gray’s
Ferry, Pa., about 4 miles It connects the Penna., the Phila & Reading
and the Phila. Wilmington & Baltimore RRs., coming into
Philadelphia.
Whom.
&
&
&
&
&
per annum.
Junction
Payable, and by Stocks—Last
J.
A.
J.
A.
A.
6
5
5 &
7
4
5
1
5
6
6
6
6
6
6
400.000
....
pal,When Due*
6
7
7
5
6
6
6
6
6
5
5
58,000
100 &e
Where
6 g.
6
6
5 g.
7 g.
3,192,000
500
1885
1882
Rate per
Outstanding
$1,000
....
1883
1881
1882
1882
l*-7
1887
Amount
Value.
•
Bonds—Prinoi
INTEREST OR DIVIDEND8.
Size,
of
Current Riv. RR., 1st mort.guar,
d Bir.—1st M. (drawn at liO)...c*
Bir. equip.guar, (redeem, at 105)
Kan. C.
AND
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
22,300
1.034.330
sur.31,991
22,300
1,076,552
6,710
sur.
199, 537.)
Kansas City Wyandotte A Northwestern.— (FeeMap.)—Owns
from Kans. City to St-neca, li7 m., and hranehes to Letven w’tli,
Kans.,
eie., 15 miles; total, 132 miles. Road opened for business Feb. 18,
1888. 6 ranch. 14 miles, under construction.
Mortgage of 1888 (trus¬
tee, Farmer*’ L, an & Trust Co.) provides for terminals and extensions,
at $16,000 a
mile, with $3,000 additional for equipment and $8 000
for second track. Stock is $2,000,600. Newman Lib.
Vice-President,
Kansas City, Mo.
Kansas Central.—Owns from Chic. R. I. & Pac. June, to Milton?
Kentucky Central Rail way.—Owns from Covington, Ky., to
vale, 166 miles; leased Leavenworth to Chic. R. I. & Pac. June., 1 mile: Roumistone (less 3 miles leased), 148 miles; Paris to Lexington, 19
Sold under foreclosure of Urst mortgage April 14, 1879.
miles; Paris, Ky., to Maysville, Ky., 49 miles; total owned, 217 miles;
Reorganized
April, 1879; on April 1, 1887, default was made. Gross earnings m leases Richmond to Rowland, 34 miles; Roundstone to Living ton,
1886. $217,673; def. $76,047; def. under imeresf, &c., $159 404. Gr ss 3 miles; total operated, 254 miles. This was formerly the Kentucky
earnings in 1887, $17*,650; def.. $33,614; def. under interest, &e., Central Railroad, which was sold in foreclosure April 23, 1887, and
$114,494. Stock, $1,348,000. Union Pacitlc holds $1,313,400 of the the present company organized, with stock of $7.000,009. Htock out¬
stock and $1,346,000 bonds.
standing, $5,297,000. See abstract, of mortgage (Metropolitan Trust Co.
(V. 44, p. 494; Y. 45, p. 53.)
of N* w York, Trustee), V. 45, p. 37 2. The Co.
leased or the Louisv. &
Kansas City Belt.—Fiom Argentine to Washiinrfon Park, 10 Nashville RR. its
Richmond branch for 99 years from Jan. 1, 1883, for
mile.-. Stock is $1 00,0( 0. Ow ned one-half by Atchison Topeka & Santa
$24,000 per annum, with a right
at any time for $400,000.
Fe, and one quarter each by Kans. City It. Scott & Gulf and (’hie. Mil- The Maysville Division is leased to purchase
for $28,000 per year, but the stock
<fc St. Paul. Double-tracked ami useel for a
terminal read at Kans.
City.
Kansas City Clinton A: Springfield.—Owns from Cedar June..
Kan., to Ash Grove, Mo., 164 miles, and branch Raynor Junction tor
Pleasant Hill, Mo., 10 miles; total, 174 miles. Road was built in the
interest of K. C. Ft. S. & G. RR., which company guarantees the bonds.
In Jan., 1885, the Pleasant Hill & De Soto road, 4b miles, was
purchase d
from A tell. Top. & S. Fe RR., the K. C. C. & S. Co.
assuming the bonds.
Stock authorized, $2,500,000; par, $10(; issued. $1,775,4. 0, of which a
majority ts owned by the Kansas City Fort Scott & Gulf RR. In 1*87,
gross earnings were $261,675; net, $99,456; def. under inr., $68,738.
B
Kansas City Fort Scott A: Memphis.—Ov ns main line from
Kansas City, Mo., to Memphis, Tenn., 487 miles, with branches, 265 m.;
total, 752 miles.
It was ft rim d in AprP, 1888, by consolidation of the
Kansas City Fort Sbott & Gulf anti Kansas Ciry Siring. & Memphis
railroads. The consolidated bonds of 18*8 will letire all the above
bonds except those on the Current River RR., 81 miles, wliie-li is Lot
covered by the morrg. See circular, V. 45, p. 642.
The Kansas City Fort Scott & Gulf Company was organized
April 1,
1879,
as successor to the Missouri Ki\ er Fort Scott & Gulf, foreclosed.
The guaranteed 7 per cent bonds due Sept. 1, 1910. are on the follow¬
ing leaded lines; Fort Scott Southeastern & Memphis, 103 miles, at
$15,000 per mile; Rich Hill Road, 28 miles, at $13,435 per mile; Short
Creek & Jopliu Road. 22 miles, at $14,200 per mile. These bonds are
guaranteed, principal and interest, and have a sinking fund of 1 per
cent of whole issue annually, with which bonds are bought at 110
or, if
not offered, are drawn at 105; also the houds of
Memphis Kansas &
Colorado RR.. 26 miles, at $15,000 per mile, without sinning fund. The
equipment bonds may be paid off at 105 on 60 days’ notice. The Kan¬
sas City Springfield &
Memphis 1st mortgage bonds may bo retired at
110; abstract of mortgage (New England Trust Co., trustee) V. 45. p.
The equipment bonds guaianteed by this company are retired
annually, and all may be retiled at any time at 105. The Current
River RR. bonds are guaranteed; they were issued as per circular in V.
575.
1-12
44, p. 246.
The Sptingfleld & Memphis bonds aie coming in lapidh for exoliange
into the consolidated sixes of the new Kansas
City Fort Scott & Mem.
Co., and there is every prospect that the exchange‘will hecomple ed at
an early day.
The Treasuier of the company, Mr. M-rriam, has also
offered privately to holdeis of the equipment bends of the Ft. Scott and
the Memphis Companies to exchange their bonds for the r ew consoli¬
dated sixes on ihe basis of 105 for the incomes and 112 for the consoli¬
dated, interest to be added in both cases. As tne equipment bonds are
subject to call at 105, the offer is decidedly favorable.
The annual report of Kansas City F< rr Scott & Gulf for 1887 was in V.
46, p. 199, showing the following earnings and income account for four
years:
1884.
Total grows earnings..
Total net income
Disbursements—
Interest on bonds
Leased lines interest..
1885.
$
2,422,443
1,042,145
$ ‘
166,081
204,123
$
2,516,525
988,218
<£
1886.
$
2,539,333
1.006,321
1887.
$
2,732,204
1,083,262
*
162,546
213,078
INCOME ACCOUNT.
1885.
$
177.236
214,187
$
176,4rO
215,1 21
1886.
Total gross earnings..i..
$817,071
Net receipts
$309,621
Disburse men ts—
Rentals* paid
Interest on debt
Taxes and miscellaneous
Total disbursements
Balance
$61,210
$55,045
$55,045
33,529
253,620
73,390
255,250
09,853
$386,313
1887.
$920,698 $1,067,468
$155,352
$332,325
$8^,574
$382,057
def. 76,692 sur.243,751 eur.$73,295
-(V. 45, p. 112,372, 373; V.40,p. 200, 412.)
Keokuk A Des Moines.— Owns from Keokuk, Ta., to Des Moines,
Li., 162 miles. This was a reorganization, Jail. 1, 1874, of the Des
Moines Valley Eastern Div., sold in foreclosure October 17, 1873.
The property was leased for 45 years froiu Oct. 1, 1878, to the
Chicago
Rock Island & Pac. RR. oil the terms following: that the lessee
pay 25 per
cent of the gross earnings to this
but guarantee the interest
company,
nor the principal) on the present bonds.
The stock is $1,524,600 of 8
perceuc preferred and $2,600,400 of common, a majority of which is
held by the lessee.
Keokuk A Western—Road owned from Alexandria, Mo., to Van
Wert, Ta., 143 miles; operates Keokuk to Alexandria, 5 miles: total,
148 miles; was lormerly the Mo. Iowa & Neb., part of the Wabash
sys¬
tem sold in foreclosure Aug. 19, 1886, and
reorganized under this
title.
Stock $4,000,000.
A 6 per cent note for $240,0 <0 seemed by
mort., payable at will, is outstanding.
In Sept., 1887, the Ctnterville
Moravia & Albiaroad was leaded. From Jan. 1, 1888. to Mar. 31, le88
(3 months), gross earnings were $78,030, against $77,2 ki in 1*87;
net earnings, $15,799, against, $23,312. In 13 months
ending Dec. 31,
1887, gross earnings were $363,387; net, $112,896. F. T. Hughes,*
Prew’t, Keokuk, la.; G. H. Caudee, 52 William Street, N. Y., Vice-Pres’t.
-(V. 44, p. 808 ; V.45, p. Ib6, 304; V. 46, p. 479.)
Kings County Elevated.—Line of road on Fulton Street, Brook
lyn, to city limit-’, about 6 miles, of which 2 miles are built and remainder
i'» progress. After
litigation, and a decision by Court of Appeals in its
favor, the work went on, aud bonds were offered for sale by Vermilye
& Co. in Julv, 1887. St x k paid in, $1,000,000. President. Jas. Jour-
dan; Treasurer, Jas. II. Frotliingkam.
(V. 45, p. 25, 600; V. 46, p. 93.
Kingston A Pembroke,—Owns from Kingston, Ontario, Canada;
on the Canadian Pacific RR.,
101 miles; branoues, 9 miles,
to Rentlew
total, 113 miles.
INCOME ACCOUNT.
Receipts—
is all owned.
Bonds
are
redeemable
on
notice at
105.
Offered in
New York, in 1887 by
Gross earnings, 1886,
surj
lus, $14,028.
iutere.-t. $16,784.
401, 402.)
R P. Flower & Co. Stock, $4,500,000; par $50.
$148,563; net, $18,348; fixed charges, $31,320;
In 1887 gross, $175,135; net, $51,104; surplus over
See full statement in V. 44, p. 402.
(V. 44, p. 392,
Lackawanna A Pittsburg.—A consolidation in April, 1883, of
the Allegany Central and tne Lackawanna & Pittsburg. Road operated
from Lackawanna Junction, New York, to Perkinsville, 41 miles
rNVESTOKS’
62
SUPPLEMENT
[Vol. XLYI,
Ripon1-
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X ^ Jws'
la
At
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NY
Lisbon^
° NX,
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Oakes.
X.t»^
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DavenporJ
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9Pelican
) Raps.
Milnor
Harlem
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Ellendale
?La Grace
Hills View
KvRei8S‘adt \^
Bowdle
A1 Le
Aberdeen!,;
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iiimar
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Dawson"
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Litchfield
ii'-itchinsoj
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Redwood Falls'
KX v*t0&
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Madison
Mitehelir^SHlem
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Jr
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T"6"^
A',-.
Larii
isou
MAP OF THE
fSAS
CITY, WYANDOTTE
Vinita
ChouteaU’
Sayettevi
NORTH WESTERN
ilLWAY & CONNECTIONS
TAHLEQCAII
EAILROAD STOCKS AisD BONDS.
May, 1888.]
Subscribers will confer
a
great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
on
llrst page
Miles
of
Road.
of tables.
Lake Erie <& Western—Com. stock, $20,000 per mile
Preferred stock, 6 p. c. (not cum.) ($20,e00 p. m.
1st mortgage, gold ($10,000 per milejlake Shoreoe Michigan Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, tund, $250,000 y’rly) ..(
do
do
do
do
do
do
..]
..]
Consol. 2d mort., do. (for $25,000,000) coup. A reg
•Lake Shore dividend bonds
3d mortgage (Clev. Pitts. A Ash. RR.)
i
Buffalo A Erie, mortgage bonds
Kal. Allegan AGr. Rapids, stock, 6 p. c. guar
Jamestown A Franklin, 1st mortgage
Jamestown A Franklin, 2d mortgage
MahoniDg Coal.st’k ($500,000 is pref. guar.5
do
p. c.)
..
2d mortgage
r
Consol, mort.,gold,$ A£ (s.fd. 2 p.c.y’rly)
c.tr
Easton A Amboy. 1st mort., guar.(for $6,000,000)
Delano Land Company bonds, endorsed
-Stk,c6m.,gu.8°6,99yrs, Pitt.C.ASt.L.
or
Amount
Par
592
$100
592
100
Rate per
592
1887
a
1,340
...
-
m
51
43
43
41
....
22
25
346
101
101
232
60
•
....
864
864
864
258
95
88
62
37
58
m
•
1S70
1870
1870
1873
1869
1867
186S
1876
1869
1868
864
m
•
•
....
1863
1869
....
1834
1881
1887
’79*’81
1877
....
193
84
1,000
.
.
.
7
5
7
7
7
7
7
7
8
3
7
7
24,692.000
1,356,000
920,000
2,784,000
924,000
400,000
840,000
610,000
257,000
500,000
1,773,0C0 2*a
100
1.000
1,000
50
1,000
1,000
500 Ac.
1,000
600.000
50
39,903,000
5,000,000
.
.
.
1,000
1,000
1.345.000
4,943,100
250,000
1,500.000
1,000
1,000
Peru A Chic, road, 162 miles.
Abstract of mortgage (Central Trust Co. and A. L. Munson, trustees),
In V. 46. p. 45.
Range of stock prices since reorganization has been as follows: Com¬
mon in 1887, 13<Z'241s; in 18s8 to May 18, inclusive,
12^W16. Pre¬
ferred in 1837, 3934«;6L; in 1883 to May 18, inclusive, 4014®471g.
From Jan. 1 to Mar. 31 (3 mos.) in
1838 gross earnings were
pf.
1*4
14,044,000
6,000,000
50
7
2
6
5
D.
0.
O.
O.
A.
J.
J.
0.
J.
D.
J.
$1,659,4 93
1,329,434
are paid by
Treasur’r at Gr’nd
Central Depot, N.
J.
J.
O.
D. Phil., Fidel.I.& S.Dp.Co.
Philadelphia, Office.
A D. Reg.atotHce: cp.B’kN.A
A 8.
Philadelphia, Office.
A D.
do
do
AN.
do
do
A J.
do
do
19,907
4,766—
trolling interest)
stock
was
were
purchased.
70,250 shares of pref. and 62,400 shares of common and an assessment
of 10 per cent eash paid on it, the company receiving
$2,503,000 1st
pref. stock ol N. Y. Chic. A St. L. for the assessment.
In 1886 the 1st consols for $349,000 wore issued, bearing only 5 per
cent interest, and these may lie redeemed by instalments on Oct. 1
each year till 1890.
For the quarter ending March 31, 1838, the results were a3 follows :
1887.
1888.
Gross earnings,
$4,198,556
$4,279,497
Operating expenses.
2,562,837
2,408,237
Net earnings.....
Other income..
$1,7163360
33,744
$1,750,401
1,061,035
The annual report for 1887 was published in V. 46, p. 570. containing
the tables below,
of 3'ears :
showing the earnings and income account for
Miles
and
braces the former roads of the Cleveland A Toledo and the'Cleve¬
land Painesville A Ashtabula railroads.
The
roads
leased at
.fixed rentals are the Kal. Allegan A Grand Rapids, Jamestown
<fc Franklin and Mahoning Coal.
The Detroit
Monroe A
Tol.
Kalamazoo A White Pigeon, and -the Northern Central of Michigan, are
proprietary road* controlled by ownership of their stock. The Mahon¬
ing Coal RR. is leased at 40 per cent of gross earnings, and its pre¬
ferred stock and bonds guaranteed. The New York Chicago A St. Louis
road is controlled by ownership of stock.
8TOCKS AND Bonds.—The guaranteed stock of $533,500 carries 10
per
cent dividends.
The ordinary stock has paid tlie following dividends
since 1870, viz.: In 1871,8; in 1872,8; in 1873,4; in 1874, 3*4: in
operated
1885.
1,340
1,340
1886.
1887.
1,340
1,341
1
Operations—
3.629,196
3,715,508
3,479,271
3,752,840
190,503,852 176,830,303 191,593,135 20 >,761,459
Pass’gcr mileage
Rate p. pass. p. mile
2-170 cts.
2 093 cts.
2-058 cts.
2 260 cts.
Fr’ght (tons) moved
7,365,688
8,305,597
8,023,093
9,326,852
*
1,410,545
1,592,044
1,602,567
Fr’ght (this) mileage
1,843,735
*
*
*
Av. rate p. ton p. m.
Earn inqs—
0 652 ets.
$
0 553 cts.
earnings
Operating Expenses
Mamt’eo of wav, Ac.
Maint. of equipment.
Transport’ll exp’nses
Taxes
Miscellaneous t
-..
Total
—
14,843,534
$
0-639 cts.
$
0-670 cts.
$
3,639,375
9,031,417
1,462,713
4,020,550
10,329,625
1,509,280
12,547,923
1,512,386
14,133,505
15,859,455
$
2,014,041
1,340,291
5,192,943
$
earnings
P.c.of op.ex.to ear’gs
$
1,614,777
1,347,379
5,277,444
518,663
529,269
1,532,252
1,111,329
5,380,166
521,543
583,231
9,133,521
Net
485,946
668,398
4,650,653
18,710,962
$
2,079,084
1,995,012
5,730,977
476,257
748,463
9,287,537
4,845,963
9,731,622
5,710,063
6,127,833
65-71
61-36
!.
11,029,798
7,631,164
61-53
-
58-95
*
Three ciphers omitted.
f Includes damage and loss of frei ght and baggage,
law expenses, rents payable and hire of cars.
personal injuries,
F
INCOME ACCOUNT.
Net earnings
....
$
•$
$
4,845,968
6,127.833
110,752
5,710,063
1836.
7,631,164
129,999
Interest, divid’s, Ac.
Total income....
!' j
1885.
1334.
$
Receipts—
1887.
V
■
(■'
;
|
:
J
5,710,063
4,845,968
6,233,585
7,811,163
446,450
439,168
443,900
|
3,220.870
53,350
3,374,938
3,326,480
449,313
3,276,140
53,350
250,000
53,350
250,000
53,350
e
Disbursements—
Rentals paid
Interest on debt
Divid’s on guar. s'k.
•
Sinking fund
,
!
■
i
Total disbursem’ts
Surplus for div’d....
Dividends
Rate of dividends...
Balance
1872, 834®98*4? 1873, 5714®9734: 1874,‘6778®8458; 1875, 51*4®
tiO1^; 1876, 4334@0858; 1877, 455 733e; 1878, 57e®713«: 1879, 67®
series
Pass, carried (No)..
..OANTZA
Shor
a
OPERATIONS AND FISCAL RESULTS.
553, 808; V. 45, p.572; V. 46, p.45, 447, 573.)
as follows : Detroit Mon. A Toledo. 62 miles; Kalamazoo A
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160
miles. Roans leased are as follows: Kalamazoo Allegan A Gr.
Rapids,
58 miles: Jamestown A Franklin, 51 miles; Mahoning Coal RR.,
Youngs¬
town to An lover, O, and branches, 42 miles; Detroit Hills. A South¬
west., 65 miles; Fort Wayne A Jackson, 98 miles; others, 8 miles; total,
315 miles. Total rolul owned, leased and operated, 1,341 miles.
$773,834
Surplus
]
‘
Total gross
lines owned
$1,808,834
1,035,000
$689,369
Total
$1,790,269
18,565
Charges
9,358,817
1,351,038
Lake Sliore Sc Michigan Southern.—Line of Road—Buf¬
falo, N. Y., to Chicago, III., 540 miles; branches owned, 319 miles. Other
Jan., 1892
Mar. 10,1888
1894
Nov. 2, 1912
This N. Y. C. A8t. L. (Nickel Plate)
4,133,729
Surplus to income account
$475,672
•C. S. Brice, New York, President.—(V. 44.p. 22, 90, 113, 211,40L,527.
1898 A 1923
1920
afterwards cut down one-half in the reorganization, viz., to
Passenger
296,007
April 18. 1888
June 1, 1898
Sept. 1, 1910
j. A J.
no
do
M. A N. N. Y., Bank of America.
Freight
Mail, exp., rents, Ac.
$271,333
1899 & 1911
Dec. 1. 1907
Q.-M. Cinn.Office,Laf’ette Bk.
$33u,Oo8
INCOME ACCOUNT.
earnings
Payments from net earnings—
April 1, 1899
1, 1892
April 1, 1898
Aug. 1, 1906
Jan. 1, 1890
July 1, 1888
April 1, 1888
Var.to J’ly,’97
June 1, 1894
Jan. 1, 1888
July 1. 1934
July 1, 1911
N. Y. Union Tr. Co.
do
do
N. Y. Nat. Ex Bank.
do
do
do
do
Q.-J.
1888
1900
1900
to ’90
1903
Oct.
Y., and registeredinterest by Union
Trust Company.
,
f
J.
$771,680
$747,006
Feb. 1,
July 1,
July 1,
Oct., ’88
Dec. 1,
Coupons
1884.
Net
A
A
A
A
A
A
A
A. A
J. A
J. A
J. A
J. A
J. A
J. A
A. A
,1. A
J.
M.
J.
M.
J.
The annual report for 1887 was m V. 46, p. 247.
$1,899,313
1,152.307
Jan. 1, 1937
Feb. 15, 1888
N.Y..Grand Cent.Office.
do
do
Operations, Finances. Ac.—The annual reports of this company are
models of clearness in all the statistical matter. The road is greatly
dependent on through traffic, or traffic from competitive points, and its
business is injured by any cutting of rates.
In 1882, 140,500 shares preferred stock and 124,800 shares of com¬
mon stock of
the New York Chicago A St. Louis Railroad (a con¬
$294,877, against $293,814 in 1887; net, $96,590, against $77,407.
Earnings and operations for the line from 8andusky, O., to Blooming¬
ton, Ill., Irom Fen. 1, 18H7, and from Indianapolis io Michigan City,
Ind., from March 15, 1887, to the close of the year, were as follows:
Earnings—
1887.
18J6.
Freight
$1,135,262
$1,000,736
Passengers
531,805
457,466
Mail, express, Ac
201.2*8
232,245
Dividend.
108; 1880, 95 ® 1395s; 1S31, 11258®1353i ; 1882, 98 ® 120*8 : in 1883,
9234® 1147e; in 1884, 59L>®1043t; iu 1885, 5034®897s; in 18*6, 76*8
,®10l)38; in 1887, 89®98:U: in 1888 to May 18, inclusive, 8514®95^.
The tirst consolidated mortgage bonds are redeemed eaou year by
$250,000 contributed to the sinking fund.
The above bonds of all
classes outstanding are given less the amounts held in the sinking
funds, which amounted to $4,250,090 Dec. 31, 1887.
Lake Erie Sc Western Railroud.—(See Pop)—Owns from San¬
dusky, O., to Peoria, Ill., and branch to Miuster, 430 miles, and from
-Indianapolis to Michigan City, 162 miles; total, 592 miles. This is the
new company formed in 1887 after foreclosure (on Dec.
14, 1886,) of
the Lake Erie A Western railway, which had been made up by a con¬
solidation. Dec. 12,1879, of the Lafayette Bloomington A Muncie and
the Lake Erie A Western.
I n March, 1887, purchased the Indianapolis
_
Stocks—Last
Q.—J.
6
7
6
5
6,000.000
1,000
1,000
1,000
Broadway, N. Y.
Interest on the inert mure bonds
Taxes
Rental of tracks
and by
J. N. Y., Central Trust Co.
A
J.
A.
A.
A.
F.
J.
J.
5
5
5
6
7
800,000
204,070
385,000
.
Lake Erie Alliance Sc Southern.—Owns from Bergholz, O., to
Phalanx, O., 60 miles. Formerly Cleveland Youngstown a Pittsburg,
sold in foreclosure Dec., 1886, in the interest of the bondholders and
reorganized Jan., 1887, under above Dame, It is proposed to extend the
road East and North to Fairport, on Lake Erie. Stock is $2,000,000;
par, $100.
The 1st mort. is subject to the lien of $150,000 bonds of the
Alliance A Lake Erie RR. on road from Phalanx to Alliance, 21 miles.
The balance of 1st mort. bonds is rtserved for extensions, at $25,000
per mile. The incomes were given for Clev. Young. A Pit's, bonds.
A. L. Griffin, President, Pittsburg, Pa.; L. M. Lawson, Treasurer, 102
‘
pal,When Due
1 Q--J.
on
1,500,000
J.
F. A A.
F. A A.
( LA J.
5
649,000
1,000
1,000
1,000
g.
2
533,500
500 Ac.
.
1864
1882
5
15,041,000
1,000 $
1,000
1,000
1,000
1,000
....
1868
1870
1873
1880
1872
Cent.
5,920,000
49,466,500
100
100
1000 ?
Swain’s to Nunda, 11 m.; Clean to Angelica, narrow gauge, 38 m.—
total, 90 miles.. Stock $5,000,000, of which $1,500,000 is preferred.
In 1884 Company became embarrassed and in Dec., 1884, a receiver
was appointed.
A plan of reorganization has been agreed upon, and
under it over 95 per cent of securities have been deposited with Mer¬
cantile Trust Co. (See V. 46, p. 200.1 Central New York A Southwest¬
ern will be the name of the new company,
rt is proposed to extend the
road 50 miles to Geneva. Earnings in 1885-6, $ •0,943; net loss, $17,859.
In 1886-7, net loss, $2,000.
Geo. D. Chapman, President and
Receiver, 48 Wall Street, New York.—(V. 40, p. 200, 228.)
Total
Where Payable,
Whom.
Payable
When
$11,840,000
11,840.000
with Gin. A Iud.RR.)...c
Operating expenses
Net earnings
Bonds—Pnnoi
INTEREST OR DIVIDENDS.
Size,
Outstanding
51
1st mort. bonds guar
Street con. 1st M. (jointly
Renewal mortgage
Date
of
Bonds
Value.
w
Lehigh & Hudson River—1st m.,g.,int.red*ced to 5 °c
2d mortgage consol, (for $500,000)
Warwick Valley,1st A 2d ms.($240,000 2ds, 1911)
Lehigh dt Lack— 1st A 2d M. ($100,000 are lsts)
Lehigh Talley—Stock ($106,300 is pref.)
1st mortgage, coupon and registered
Little Miami-
63
*
v
From this
3.720,670
1,989,393
2,473,325
(5)
4,117,456
728,512
4,073,730
2,164,855
989,330
(2)
3,778,803
4,032,360
1,978,660
(4)
def. 483,932 sur. 728,512 sr*l,175,525sr 2,053,700
surplus, $292,522 was applied to reduction of pay-rolls;
ouchers, Ac., at end of 1885.
f!
t
i
]
1 5
;
—
-s;-i
!
RAILROAD
May, 1888.J
STOCKS AND BONDS.
65
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tablet.
DESCRIPTION.
For explanation
on
if
of column headings, Ac., see notes
first page
of tables.
tittle Rock A Fort Smith—1st M., landgr. sink. fd...
tittle Rock A Memphis—First mortgage, gold
c
tittle Schuylkillr-titock, 7 p. c. rental, Phil. A Read.
tong Island—Stock
1st mortgage, Jamaica extension
c*
1st mortgage, main
c *
2d mortgage
c*
Consol, mortgage, gold (for $5,000,000)....
c*
New York &'Rockaway, guar. int. only
Bmithtown & Port Jefferson mortg., guar
Newtown A Flushing, guar, principal and int
Miles Date
of
of
Road. Bonds
165
133
31
360
•
•
•
•
95
156
179
9
19
3*9
1875
1887
•
•
•
»
....
1860
1868
1878
1881
1871
1871
1871
Size,
Par
Value.
Amount
Outstanding
$500Ac.
$2,342,500
3,250,000
2,487,850
10,000,000
168,500
1,121,000
268,705
3,437,000
250,000
1,000
50
50
500
500
100 Ac.
1,000
500
500
600,000
150,000
500
40.000
Equipment certificates
10%
Long Island City A Flushing—1st mortgage
c *
19
Consol, mort., gold, endorsed by L.*I
e *
27
Los Angeles A San Diego—1st M. (for $2,800,000)..
112
Louisiana Western—1st mortgage, gold
72
Louisv. Evansv. A St. Louis.—1st mort. E. R. A E...
255
1st mort., gold, for $2,000,000 (2d on 72 M.). .c*
255
2d mort., gold, for $ J,000,000.. —
c*
23
Hunt. TellCity & C. RR., 1st M., gold, guar
c *
Louisville A Nashville— Stock
1,955
840
General M„ gold, drawn at 110 ($20.000.000)... *
110
Lebanon branch extension, Louisville loan
Lebanon-Knoxville extension mort. ($1,500,000)
172
46
Cecilian Branch, 1st mort., sink, f., drawn at 100.
392
Consolidated 1st mortgage
130
Memphis & Ohio, 1st mort., sterling, guar
83
Memphis & Clarksville hr.. 1st mort., sterling
Mort. on Ev. Hen. & N., gold, drawn at 110
135
Collat. Trust, 3d M., gold, (payable at 110)
1,079
10-40 Adj. M., gold, coup, or reg. (red’ble aft. ’94)
783
1st mortgage on New Orleans A Mobile RR
141
.
1881
1887
1880
1881
1881
1886
1886
1887
600,000
1,250,000
556,000
2,240,000
1,000
1,000
1,000
1,000
1,000
900.000
2,000,000
3,000,000
1,000
1,000
300,000
30,600,000
12,202 000
1,000
100
....
1880
1863
1881
1877
1868
1871
1872
1879
1882
1884
1880
1,000
1,000
333.000
1,000
Pledged.
1,000
1,000
7,070,000
933,000
£200
£200
3,500,000
2,015,S60
1,000
1,000
1,000
2,340,000
9.H84.000
5,000.000
5,000,000
1.000
Rate per When Where Payable, and by
Cent.
Whom.
Payable
7
5 g.
3*
1
Q.—F.
sscfs
•
1885.
$
1886.
$
1887.
$
Railr’d, build’gs, Ac.
70,048,600
70,048,600
70,048,600
70,048,600
17,300,000
17,300.000
17,300,000
17,300,000
365,780
715,000
365,780
715.000
12,012,839
12,195,068
933,080
645,400
1,454,942
1,461,147
966,311
218,682
673,474
235,795
1,249,858
1,588,590
Materials, fuel, Ac...
Cash
on
hand
Uncollected earnings
Total assets
Liabilities—
Stock
Bonds
Dividends
Other liabilities
Profit and loss
354,167
715,000
12,113,700
674,400
1,525,859
596,430
2,559,928
1,216,840
352,618
729,970
14,039,982
Q.-J.
M. A
A
A
A
A
A
A
A
....
J.
A.
M.
M.
A.
J.
F.
J.
664.40; >
604.594
2,604,482
734,369
107,104,924 109,780,946
-(V. 43, p. 6, 23, 245, 634. 774; V. 44. p. 6, 22, 276, 401, 583, 693*.
714; Y. 45, p. 5, 25, 304, 743, 820, 872, 886; V. 46, p. 255. 570/610,
650.)
Lelilgli Sc Hudson River.—This road was opened from Grey
Belvidere, N. J-„ 63 miles, August, 1882.
Con'
solidation April, 1882. of the Lehigh & Hudson River and the Warwick
Valley roads. In addition to above there are $65,000 Wayawanda 6 per
cent bonds due 1900 and
$52,000 Lehigh A Hudson River 2d 6s,
due 1909. Stock, $1,340,000. Four coupons July, ’85, to Jan., ’87, in¬
court, on Erie road, to
clusive,
funded.
In Dec., 1885, a traffic contract was made with
In year ending Sept. 30,1887, gross earnings
were $244,431; net, $101,806: surplus over interest and
taxes, $7,159.
In 1885-86 gross earnings, $209,294; net, $81,993; interest
on bonds,
$84,674. Grmnell Burt, President, Warwick, N. Y. (V. 45, p. 856.)
were
Lehigh Coal A Nav. Co.
Lehigh Sc Lackawanna.—Owns from Bethlehem, Pa., to Wind
Gap, Pa., 25 miles; thence, In connection with the Wind Gap A Dela¬
Railroad, to Bangor, Pa., 32 miles. It is operated by the Central
Railroad of New Jersey under a special agreement. Opened in 1867.
ware
Of the
above
bonds, $100,000 are a 1st rnort., and $500,000 2d
Capital stock. $370,500; par, $50. Gross earnings in 1887,
$56,319; net, $14,765. In 1886, net, $13,860.
Lehigh Valley.—Owns "from Phillipsburg (Pa. Line), N. J., tr
Wilkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried
18 miles; Hazle Creek Bridge to Tomliicken (and branches), 32
miles;
Lumber Yard to MilnesviUe (and brandies), 23 miles; Black Creek Junc¬
tion to Mt. Carmel (and branches), 61 miles; Slatedale
branch, 4 miles ;
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wilkesbarre, 10miles; New Boston Junction to Hizleton, 14 miles;
State Line A Bull. RR., Monroeton to Berwick, 24 miles; also owns the
Easton & Amboy RR., Amboy, N. J., to
Pennsylvania Line. 60 miles;
total operated, 361 miles; also leases Southern Central
RR., operated
bv
Pennsjlvania A New York Canal & Railway, which latter road is
also controlled by Lehigh Valley. *
This is one of the most important of the coal roads
Dividends on the
ordinary stock have been as follows since 1870: In 1871,1872.1873,
lfi74 and 1875,10 per cent paid; in 1876, 9; in 1877, 5^; in 1878, 1879
4-: ln 1881’ 51» in 1882’ 61s; m 1883 and 1884, 8; in 1885, 6;
m 1886, 4 in
1887,4)3. Prices of the common stock in Philadelphia
1877 were as follows: In 1878, 32%®42i4; in 1879, 33^®55 ; in
1880, 46®57%; in 1881, 57^64%; in 1882. 58%® 67%; in 1883, 63®
78Jb 1884,o7®717b; in
53'7e®5734; in 1898 to
1885, 54)23,6114: in 1886,55%®62; in 1887,
May 18, inch, 5Hs®56io.
In March, lS-'S. it was
stockholders at par, the
«bouth Plainfield road,
(See V. 46,
^rru 0.000,
The fiscal
decided to issue 20 per cent in new stock to
proceeds to be used in pajing for the Roselle
for lands in Je sey City and for additional
p. 371.) The amount of new stock, about
is included in the table above.
year ends November 30. The last annual report was in the
CHRONICLE, V. 46, p. 101. It is one of the peculiarities of the company’s
animal report that, no general balance sheet, is
given. The earnings,
expenses and income account for the fiscal years ending Nov. 30, were :
1884-85.
Earnings—
$
Coal freight
Other freight
Total gross earnings
Operating
expenses
Net earnings
1885-86.
1886-87.
$
5,669,236
2,106,469
969,05 L
$
6,165,411
8,744.756
5,293,816
9,719.056
6.142,396
$3,450,940
3,576,660
'
Passenger, mail, express, Ac....
860,139
...
8,556,917
A
A
A
A
A
A
A
A
do
do
do
do
do
do
do
N. N.Y., Corbin Bank’g Co.
do
do
N.
J N.Y., So.Pao. Co.,23 Brd
do
do
J.
J. N. Y. Mercantile Tr. Co
0. Boston, Cont. NaLBank
do
0.
do
do
do
O.
N.Y.,50 Exchange PI.
do
do
do
do
do
do
D.
O.
S.
S.
0.
D. London,
do
A.
D. N. Y., 50
do
Q.—Mar
M. A N.
do
J. A J.
do
do
do
do
do
1, 1905
Bept. 1,1937
Jan. 13,1888
May 1, 1888
May 1, 1890
May 1, 1898
Aug. 1, 1918
July 1, 1931
April 1,1901
Sept. 1,1901
May 1, 1891
May T,'19*11
May 1, 1937
July 1, 1910
July 1, 1921
July 1, 1921
Oct., 1926
Oot., 1936
Oct. 1, 1927
Mar. 12, 1888
June 1, 1930
Oct. 15, 1893
March 1, 1931
Mar. 1, 1907
April 1, 1898
Baring Bros.
do
Exchange ph
1901
Aug. 1, 1902
Dec. 1, 1919
June 1,
Mar. 1,
Nov. 1,
Jan. 1,
do
do
do
1922
1924
1930
2,430.761
1,122,884
1886-87.
1884-85.
1885-86.
$
4,400.263
$
2,059,541
$
2,048,201
$
5,054,771
$
2,011,171
650,385
1,660,234
682,093
1,331.531
1,018,747
1,584,081
4,370.160
4,061,735
40,250
4.643,999
410,772
Total net income
Disbursemen ts —
Interest on debt
General, taxes, fioat’g int., loss on
Morris Canal, depreciation, Ac..
Dividends*
1,701,911
105,265,092 105,228,854 107,101,924 109,780,946
$
^
^
^
50,000,000 50,000,000 50,000,000 50,000,000
47,716.000 47,466,000 47,216,00) 46,766,000
26,675
26,674
1,016,005
1,016,005
2,975,161
1,131,670
839,148
911,469
8,033,771 10,097,472
4,547,256
6,604,510
Total liabilities.. 105,265.092 105,228,854
do
do
do
do
do
do
do
A. A O.
M. A S.
M. A N.
M.
J.
J.
J.
A.
A.
A.
Jan.
INCOME ACCOUNT.
Equipment
R’l est. A office prop.
Ch.& Can.8o.bds., Ac.
Stocks owned, cost..
Bonds owned, cost..
Advances
Stocks—Last
Dividend.
N.Y.,Corbin Bank’g Co.
M. AN.
M. & N.
F. A A.
7
7
7
5 g.
7
7
7
7
6
5 g.
6
6 g.
6
6 g.
2 to 6 g.
6 g.
2 scrip
6 g.
6
6
7
7
7
6 g.
6 g.
6 g.
6 g6 g.
pal,Wlien Dae.
T. A J. N.Y., Mercantile Tr. Co.
M. & 8. N. Y.. Central Trust Co.
J. A J. Phil. Office,4 LO Walnut.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
1884.
$
iSono*—Princi¬
INTEREST OR DIVIDENDS.
or
Total disbursements
Balance, surplus
iii 1885, 10 on pref. and 5
*
30,103
on com.:
4,101,986
$
in 1886,10 on pref. and 4 on com.;
44, p. 11 7; V. 45, p. 500,743 ;
in 1887, 10 011 prof and 4% on com.—(V.
V. 46, p. 101,344, 371.)
Cincinnati, O.. to Springfield, O., 84
branch, Xenia, O., to Dayton, O.. 16 miles; leased, Columbus A
Little Miami.-Owns from
miles;
Xenia RR., Xenia to Columbus, O., 55 miles; Dayton & West. RR., Davton, O.. to Indiana State Line, 38 miles: Ohio State Line to Richin’d, Ind.,
4 miles; Cincin. Street Conn. ItR., 2 miles; total operated, 198 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, bill
the portion between Xenia and Springfield is now operated as a branch.;
for the remainder of the main line, as given above, the Col. & Xenia
road (leased), is used.
On December 1, 1869, the Little Miami, with all its branches, Ac.,
was
leased to the Pittsburg Cincinnati A St. Louis Railroad Com¬
pany for 99 years, renewable forever.
The Pennsylvania
Company is a party to the contract and guarantees its faithful execution.
Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is 8 per cent on $4,943,100, interest on debt and $5,000 per
annum for Little Miami Company’s expenses of organization; tlie fullillment of the lessor’s lease obligation is also stipulated.
In addition to
above debt there is $100,000 6 per cent permanent capitalized debt;
interest J. & J. In 1886 net loss to lessee was $469,680. In 1887
net revenue to lessee was $142,254; against which paid rental, Ao.„
$740,659; net loss to lessee $293,405,
Railroad
Little Rock Sc Fort Smith.—Owns
from Little Rock, Ark., to
Fort Smith, 165 miles; branches, 5 miles; total, 170. In Dec., 1874,
the property (then 100 miles), including the land grant, was
In
foreclosure. There was outstanding. Jan. 1,1888, funding coupon sorip
for $449,103; lands unsold 581,536 acres, and land notes, $396,158.
In March, 1887, the proposal was accepted by stockholders to ex¬
sold
change four shares of stock for three of the St. I-rouis Iron Mountain
& Southern, and the road thus passed to the Gould interest and an ex¬
tension was put under way from Van Burea to Fort Gibson, in the
Cherokee Nation, and this company was consolidated with others.
(V. 44. p. 551.) In 1886 gross earnings were $723,348; net, $77,978;
int. on bonds, taxes, Ac., $270,708; balance, sur., $116,539. In 1887
gross $693,754; net $207,456; surplus over interest,etc. (adding profit*
from land sale-*), $41,699. Report in V. 46, p. 390.
(V. 44, p. 275, 308,
434, 494, 495, 551, 585; V. 45, p. 642.)
Little Rock A
Memphis-Owns irom Little Rock, Ark., to a
Miss. River, opposite Memphis. The Memphis & Little Rock
road was sold in foreclosure in 1872, again in 1877, and again in 1887.
The present company was organized Sept. 1, 1887 and ail the ola
bonds were to be retired with the above new mortgage bonds, making
the annual interest charge $162,500. Under the title Memp. A L. Rock,
in issues of the Supplement prior to Nov., 1887. an account of the road
point
on
Tenn.—(V. 45, p. 401.)
Sclinylklll.—Owns from Port Clinton to Tamanend, 28
miles; branches, 3 miles; total operated, 31 miles. Tlie East Mahar
noy RR., was leased Jan. 12,1863, for 99 years, and sub leased to Phila.
A Reading July 7,1868. Tlie Little Schnykill Railroad is leased to the
Philadelphia A Reading Railroad for 93 years from July 7, 1868
is
given.
Rudolph Fink, President, Memphis,
Little
Rental in
1987, $185,227.
Long Island,—Owns from Long Island City, N. Y., to Greenport, N. Y.. 95 miles; branches, 87 miles; total owned, 182 miles.
Leased-Rmithtown & Pt. Jefferson RR,, 19*0 miles; Stewart RR. to Bethpage, 14-5; Stewart RR. to Hempstead, 1*8; New York & Rockaway
RR., 8*9; Brooklyn & Jamaica RR., 9-6; Newtown A Flushing RR.,
3*9; Brooklyn & Montauk, 67; N. Y. Brook. & Man. Beach R’way and
branches, 20*4; Hunter’s Point A So. Side RR., 1*5; Far Rockaway
branch, 9*4 : L. I. City A Flushing RR.. 14 ; Whitestone Br., 4: Wuodside
Br., 3*9.
Total leased and operated, 178*4 miles. The total of all the
loads owned and operated is 360*4 miles.
The
Long Island Railroad went into the hands of a receiver
October,
1881 the company resumed possession.
The control of the company was sold to tlie “ Long Island Company,"
controlled by Mr. Austin Corbin and others, in Dec., 1880. In July,
1881, the stock was increased from $3,260,700 to $10,000,000.
Dirtd nds have been as f dlo^ssince 1881 .* In 1882, 1; inl88ito’87,
inclu-ive, 4 percent. Range of stock prices s nee 1882 has been ax
foUnws: In 1883, 58®8«%; in 1884, 62*78%; in 1885, 62®9078; in
1886, 80*100; in 1887, 85®99%; in 1888 to May 18, inch, 87*«®93%.
From Oct. 1, 1887. to March 31, 1888 (6 mos), gross earnings were
$1,242,560, against $1,162,288 in 1886-7; net, $3L6.7;-*5, agaiu*t$362r
102 ; surplus over fixed charges, $55,399, against $122,114.
Fiscal year ends Sepc. 3o; for 18 )6-7 report was in V. 45, p. 855.
1877, but
in
INVESTORS’
66
Subscribers will confer a great
Miles
141
189
RR
1830
1880
1881
m
m
m
m
m
m
,
Lykens VaL—St’k.lOp.ct. rental,999yrs. Nor.Cent.
Maine Central—Stock
1st mortgage, consol. Classes A, B, C and D
c*
Collateral trust bonds for Mt. Desert Branch....c
c
Sinking fund 10-20 gold bonds
m
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3,000,000 !
100 Ac.
1,000
1,000
100
1,000
8,117,000
1,000
10,000,000
-
-
.
500 Ac.
20
100
100 Ac.
$
100 Ac.
500 Ac.
100 Ac.
1886-87.
$
2,994,772 3,197,80S
1,872,325 1,899,206
970, L27
1,122,447
1,298,602
Interest, less int. received..
190,877
287,698
400,000
176,358
297,560
400,000
31,564
233,179
Rentals
304,063
400,000
203,195
412,372
878,575
905,482
937,242
400,000
48,198
1,063,765
64,645
185.205
234,837
There are also real estate mortgage, $238,000, 5s and 7s; time loans,
$200,000, at 6 per cent. (V. 44, p. 212, 586; V. 45, p. 142, 212,792,
18,152
#55
; V. 46, p. 171, 610.)
Lon!" Island City Sc Flushing.—Road from Long Island City to
Great Neck, 14 miles; branches, 4*8 miles; total, 18-8 m. This is a reor-
fanization of the Flushing & North Side road, foreclosed December 11,
88ft The stock is $500,000; par $100. The consol, bonds bear the print¬
ed endorsement of L. I. RR.; $600,000 of them are'reserved to retire 1st
mort. bonds. The company is liable for $25,000 of New York & Flushing
bonds, due 1920. Leased to Long Island RR. for 50 years, the lessee
•taking 60 p.c. of gross earn’s and $17,500 for fixed charges. In 1884-5,
rental $116,537; in 1885-6, rental $102,495; in 1886-7, rental $105,841,
and surplus over charges, $61,882
Austin Corbin, Pres., New York
•City. (V. 45, p. 53; V. 46, p. 228.)
Los Angeles Sc San Diego.—Florence to Santa Ana, Cal., 28
miles. Leased to Cent. Pac., and rental in 1887 was $33,384.
Capital
stock, $570,800. Clias. F. Crocker, Pres., San Francisco.
Louisiana Western.—(See Map of So. Pac ) - Owns from Lafayette,
La., to Orange, Texas, 112 miles, leases extension in Texas, 7 m.; total,
112 miles. Leased and operated by the South. Pac. Co., being part of the
through line between New Orleans and Houston. From Jan. 1 to Mar.
31, in 1888 (3 mos.). gross earnings were $>27,421, against $181, s65
in 1887; net, $u 8,91m, against $76,388.
In 1886 gross earnings were
.$644,689; net, $329,207. In 1887. gross, $843,794; net, $414,836.
StOCK is $3,360,000. (V. 44. p. 344, 369, 620.)
Louisville Evansville Sc St. Louis.—Line of road. New Albany,
Ind., to Mt. Vernon, Ills., 182 miles; branches to Jasper * Gentryville, 72
nines; trackage, Louisville, Ky., to New Albany, Ind., 6 m ; total oper¬
ated, 260 miles; opened Oct., 1882.
The road was formerly the
Louisville New'Albany & St. Louis, foreclosed in 1878.
In Oct.. 1881,
a consolidation was made with the Evansv. Rockport & Eastern, and the
$900;000 of E. It. & E. 1st mortgage bonds stand as a prior lien on that
division.
The foreclosure sale wTas made June 9, ‘l*86.
The 2d
mortgage bonds bear 2 per cent in 1888 and 1889, 3 per cent
tn lobO, 4 per cent in 1891,
5 per cent in 1892 and 6 per
oent thereafter.
Second mortgage bondholders
have the right at
stockholders’ meetings to cast ten votes for each of their registered
bonds. Trustees of both 1st and 2d mortgages are the Am. Lo rn & Tr.
Co. of Boston and Noble C. Butler of Indianapolis. Tue stock is $1,500,000 pref. 5 per cent, non-oumulative, and $3,500,000 common ; the par
of all shares is $100. The Iluutlnhurg Tell City * Cannellton RR. (24
•
earnings
were
,023,989;
net,
...
46,
p.
609.)
Louisville
1,100,000
496,500
756,800
450.000
S96,727
...
694,000
600,000
1,000
2,826,478
1,856,351
,
3,603,300
4,176,400
....
1,859,505
Surplus
(D
600,000
—
1885-86.
F.
& A.
I.
do
do
do
do
do
do
do
do
J.
i F.
A.
M.
M.
1,000
v
do
do
do
do
do
do
iM. A N.
xM. & S.
|M. & S.
6 g
1872
1883
1885
1860-3
1870
1868
& J. N. Y., 50 Exchange pi. Jan. 1, 1930
London, Baring Bros.
April 1, 1910
|M. & S. N. Y., 50 Exchange pi. March 1, 1921
March 1, 1980
do
do
M. & S.
Mar. 1, 1920
do
do
M. A S.
6 g
4,700,000
11,140,000
1884
1837
Stocks— Last
Dividend.
A. <fc O.
J*
6 S
<> g
83
21
527
304
41
Bonds—Princi»
pal,When Due.
do
May 1, 1931
Mar. 1, 1931
Aug., 1921
Jan. 1, 1897
Oct. 1, 1907
Nov. 1, 1931
May 1, 1937
5,000,000
1.000
6
1886
Whom.
* j.
A. & O.
M. & N.
xM. A N.
M. & N.
A. & O.
2,300,000
1886
1886
Where Payable, and by
Tables.
J.
6
7
7
6 g
3,000,000
Improvem’t, “A” * *B;” “A’* $200,000, due 1916
Total disbursements
50,000
1,500,000
3,000,000
480,558
1,959,000
g S
5 S
6
1,000
1,000
18
109
Miscellaneous
892,000
1,000
1,000
.
55
Dividends
2,850,000
|
1,000
c
c
Net earnings
Deduct—
Pledged.
2,000,000
1881
c
Expenses and taxes
,
1880
Bonds A. A. K. RR.
Gross earnings
590.000
Pledged.
6
6
6 g
3 g
158
520
513
513
Extension bonds, 1870, gold
Maine Central loan for $1,100,000
.2,7561232
1.000
238
2dmort. income bonds, cum. (payable at 105)..c*
Income bonds (not cumulative)
Louisville Southern — 1st mort., gold ($2,500,000)c'
1881-85.
$1,000,000 !
$1,000
When
Payable
Rate per
Cent.
Outstanding
1.960,000
3,500,000
539
Mort., gold, on Chic. & Ind’polis Div
c*
Consolidated mortgage gold (for$10,000,000)..c*
Louisv. N. O.
Tex.—1st M g., for $16,900,000..c *
1883-84.
Amount
1880
1881
1881
1881
1867
1877
1881
1887
1883
1882
1881
....
m
or
Par
Value.
1881
208
208
45
180
104
185
175
175
175
103
c*
1st mortgage
of
INTEREST OR DIVIDENDS.
Size,
Road. Bonds
pledge of 2d mort. S. A N. Ala.RR..
Southeast.* St.L.RR.,coup.orreg.
2d mort., gold, on Southeast. & St. Louis RR., cp.
Pensacola Div., 1st mort., gold
Mobile & Montg. Div., 1st M., ($>2,677,000)
Pensacola & Selma Div., 1st M., gold ($1,248,000)
Pensa. A Atl., m. gold, guar., $1,000,000 pledged.
Louis. Cia. A Lex., 1st mort
2d mort.,coup., for $1,000,000
ao
L. & N. mort. on L.C. * L., gold,$3,208,000 plagd
1st mort., gold, on branches, $15,000 per mile..c*
1st mortgage, collat. trust ($7,000,000), gold..c*
Car trust liens ($1,721 payable each month)
Henderson Bridge Co., 1st mort., gold
Louisville New Albany <£• Chicago—Stock
Bonds sec’d by
let M., gold, on
Date
of
explanation of column headings, Ac., see notes
on first page of tables.
Louisville <£ Wash ville - (Continued) —
2d mortgage on New Orleans A Mobile
[Vol, XLVI.
favor by giving immediate notice of any error discovered In these
DESCRIPTION.
For
SUPPLEMENT.
142, 304; V.
Sc
i*
6
6 g
2*2
3
A7
5
Is
6 g
7
4b?
do
N.
Nov.
1, 1931
Junel, 1888-89
Philadelphia.
Y., 50 Exchange pi. Sept. 1, 1931
& J. N.Y.,Nat.Bk.Commerce
& A.!
do
do
& O.i
do
do
& S.;N. Y., R. T. Wilson * Co.
& S.l
do
do
!M. A S.|
do
do
IM. A S.i
New York,
July 1, 1910
Aug. 1, 1911
Apr. 1, 1916
Sept. 1, 1934
Sept. 1, 1934
Sept. 1, 1934
Mar.
1, 1917
Q.—J. N.Y., office, 13 William. Apr. 2, 1888
Feb. 15,1888
!F. & A.! Portland. Me., office.
i
A. & O. Bost..2dNat.Bk..*Poit.
do
do
J. A D. j
do
do
IF. A A
do
do
iM’nthly
do
do
A. A O.i
do
do
J. A j:
do
do
J. A J.
!
June
Fel).
1890
Oct,
1, 1923
1, 1905
to 1891
1.
1900
July 1, 1898
1916 A 1917
March 2, 1850, and opened between Louisville and Nashville Novembo
1859.
" The liabilities for interest on the auxiliary roads are treated
mostly an belonging directly to the Louisville & Nasliv. Co. The South¬
east. A St. Louis RR., which was reorganized after foreclosure of the
St. Louis A Southeastern, Nov. 16, 1880, is leased to the Louisville A
Nashville for 49 years, and the L, A N. issues its bonds as above,
secured on the road, about 210 miles long in Indiana and Illinois,
There is also $999,500 of S. E. A St. L. stock. The fiscal year of L.
A N- ends June 30. Annual election is held early in October.
Stock and Bonds.—At the close of the fiscal year (June 30) 1880 the
capital stock was $9,059,361, and in Nov., 1880, the stock dividend of
100 per cent was made, raising the amount then to $18,133,513.
All the dividends paid since 1870 were as follows:
lu 1871, 7 per
cent; in 1872, 7 percent; iu 1873, 7 per cent; in 1877, l1^ per cent;
in 1878, 3 per cent; in 1879, 4; in 1880, 8, arid 100 per cent in stock ;
in 1881, 6; in 1882, 3; and Fob. 15,1888, 2 per cent in stock.
Prices of the stock from
1872
to date have been:
In
1873,
50®79; in 1874, 53®59; in 1875, 36^40; in 1876, none; in 1877,
26'<#41; in 1878, 35®39; in 1879, 35®89^; in 1880, 77® 174; in 1881.
79® 110*2; in 1882,46ie®100V, in 1883,4038®5312; in 1884, 22*c ®513g
in 1885, 22®5134; in 1886, 33*80)60; in 1887, 54*s 670*4; in 1888 to
M:iy 18vincl., 5058®6414The
general mortgage of 1880 is for $20,000,000, of
which the bal¬
unissued is reserved to payoff prior liens, and the mortgage covers
840 miles of road subject to such liens. The Louisv. A Nasliv. LebanonKnoxvilie bonds of 1881 coyer 110 miles, subject to prior lions, and 62
miles from Livingston to State line as a first lien. The Pen. A Atlantio
is a separate company and the bonds are not a direct liability of the
L. A N. Co., but principal and interest are guaranteed by L. A N. A
ance
sinking fund begins Feb., 1839. The P. A A. has issued to the L. A N.
$1,000,000 land grant bonds pledged for advances to the P. A A.
The third mortgage trust deed of 1382 is made to E. II, Green and
John A. Stewart as trustees, and has a sinking fund of 1 per sen.
annually, the bonds being purchased or drawn anu paid off at 110. These
bonds-are also redeemali'e at any time, at 110, and are convertible into
stock.
The bonds are secured by a 3d mortgage on-the road and by
pledge of a large amount of stocks and bonds (see V. 45..p. 475), the
par value of bonds being $9,633,000 and stocks $18,529,700 ; total,
$28,162,700.
The 10-40 adjustment mortgage bonds were issued in 1884, and
cover 783 miles of main line and branches, subject to tlie prior liens,
and are a second lien on the trust securities pledged under the trust
deed of 1882. See V. 39, p. 409.
The Henderson Bridge Co. bonds are not a liability of the L. A N. The.
bridge is owned by a separate company, with a stock of $1,000,000, of
which the L. A N~ Co. holds $501,000 ; the Bridge Co. is guaranteed
gross receipts of $200,000 per year by the several roads using it.
Tiie mortgage bonds of 1887 on branches are issued at $15,000 per
mile.
U, S. Trust Co. is trustee of the mortgage, and the lien covers the
Cumberland Val. Br.,the Ind. Ala. A Tex. RIi. aud others. (V.44, p.751.)
The 1st mortgage trust bonds, 1888 1931 (trustee. Farmers’ Loan A
Trust-Co ), are secured by bonds on the Birmingham Mineral RR. at
$25,000 per mile, and on the Owensboro A Nashville RR. at $20,000 per
mile.
(V. 46, p. 511.)
Operations, Finances, Ac.—The Louisville A
Nashville system has
been developed in its present extensive form since 1879; the 100 per
cent stock dividend was declared in 1880 and a few dividends after¬
wards in cash, but from 1882 to 1883 nothing was paid.
Pursuant to a
memorial from foreign holders, (V. 46. p. 45, 255) 2 p e. in st u*k was paid
in Feb., 1883, to represent surplus earnings, and rtiis policy was voted
to be pursued till July, 1890, but not to exceed an issue of $5,000,000
stock in all.
The annual report for the year ending June 30, 1887. was published
in the Chronicle, V. 45, p. 474, and gave full details of the year’s
operations. The surplus net income over annual charges was $1,832,253, and the advances to other roads during the year amounted to
Nashville.—(See Map.)—Link of Road.—Main
line—Louisville to Nashville, 185 miles; branches—Junction to Bards¬
town, Ky., 17; Junction to Livingston, Ky., 110; Livingston to JolIco, Ky., 61 ; Montgomery to Mobile, 179; New Orleans to Mobile. 141;
branch to Pontchartrain, 5; Paris, Tenn. to Memphis, 259; East St.
Louis, Ill., to Evansville, Ind., 161; June., III., to Shawneetown, Ill., 41,
Belleville, Ill., to O’Fallon, Ill., 6; Pensacola, Fla., to Pensacola Junction;
F1&., 44 ; branch to Muscogee dock, 1; Louisville, Ky., to Newport, Ky.,
109; Junction to Lexington. 67 ; Louisville H. Cr. A W’port. (n. g.), 11; $1,426,490.to Of this the advances to the old roads in the system
amounted
$97,527, which is a claim payable by these several com¬
Selma to Pineapple, Ala., 39; Henderson to Nashville, 135; Junction
panies. The balance of the advances was made to the Birmingham
to Providence, 16; Pensacola extension, 26 ; total owned, 1.612 miles;
Mineral Railroad Co.. Nashville Florence A Sheffield Railway Co., Cum¬
leased and controlled—Junction to Glasgow7, Ky., 10; Nashville to
berland Valley Branch, Bardstown Extension, and Princeton Branch,
Decatur, 119; Decatur to Montgomery, 183; Junction to Wetumpka, 6; and amounted to
$L,328,962, which was for now construction and is a
Junction to Shelby ville, 19; Louisville Transfer, 4; No. Div. Cuuib. *
strictly capital expenditure. To reimburse capital account for expen¬
Ohio, 27; Lebanon to Greensburg, 31
Elkton to Guthrie, 11; total ditures, the Louisville A Nashville RR. Co. issued and sold $1,350,000
leased and controlled. 410 miles; total operated June 30, 1887. 2.023
L. A N. RR. Co. first mortg. five per cent 50 year gold bonds, the mort¬
miles. After July 1, 1887, the earnings of 79 miles of the leased roads
ceased to be indu’d in L. & N. earns., and the Birmingham Mineral road, gage being at the rate of $15,000 per mile, and a first and only lien
on the Cumberland Volley Branch, the Prince toil Branch and tlie exten¬
11 m., was absorbed, making total mileage operated Oer., 1887,1,955 m.
sion of the Bardstown Branch.
Also owns the Richmond Brandi (leased to Kentucky Central). 34
A semi-annual statement to Jan. 1,1883 (V. 46, p. 75). showed net sur¬
miles, and the Ceciiian Branch (leased to (’lies. O. A So. W.), 46 miles,
and controls, by ownership of a majority of the stock, the Nashville plus income over all charges and advances of $669,985 for the half-year.
From July 1, 1887, to Mar. 31, 1SS8 (9 mos.), gross 'jarnings were
Chattanooga A St. Louis RR., 600 miles; the Owensboro * Nashville, 88
uifies; the Pensacola & Atlantic, 161 miles; the Nashville * Florence
"R., 56 miles ; Birmingham Mineral Railroad, 11 miles, and Henderson
Bridge and connecting track, 10 miles—total, 1.006 miles; also, as joint
lessees with the Central of Georgia, is interested in the Georgia Railroad
and its auxiliaries, 679 miles. Grand total of roads owned," leased and
controlled by ownership of stock,'June 30, 1887.
was
3.707 miles.
In
2-887 arrangements were made for extension of a line which will counec t
with the Clinch
Valley Division of Norfolk * Western,
to..Organization. Leases, Ac.—The Louisville & Nashville
was
chartered
$12,472,712, against $11,388,011 in 1886-7; net, $1,730,581, against
$4,037,384.
Fiscal year ends June 30.
For 1SSG-37 the report was in V. 45, p.
471, 474 for the Louisville A Nashville proper.
1883-81.
13M4-35.
1885-86.
1886-37.
Total gross earns
$14,351,093 $13,930,347 $13,177,018 $15,080,584
Oper g ex. (excl.tax.)
8,823,782
8.182.255
8,213.295 ^9.047.052
Net esynings
o,7o4,092
5,527,311
4,963,723
6,033,532
Per ct. of ex. to earn.
61*43
53*71
62-33
59*99
■
68
INVESTOKS’
Subscribers will confer
a
SUPPLEMENT.
great favor by giving immediate notice of any error discovered in tbese Tables*
DESCRIPTION.
For
[VOL. XLVI,
explanation of column headings, Ac.,
on first page of tables.
see
notes
Miles
Date
ol
of
Road. Bonds
Size,
or
Par
Value.
Bonds—Prinol
INTEREST OR DIVIDENDS.
Amount
Outstanding
Rate per
Cent.
When
pal,When Due
Where Payable, and by Stocks—Last
Whom.
Payable
Dividend.
Maine Omtral—(Continued)—
European & North American (Bangor loan)
c
56
c
Leeds A Farmington Railroad loan
Androscoggin Railroad, Batli City loan
36
30
71
26
32
IS
18
14
c
Portland A Kennebeo, consolidated mortgage...c
Manche8.dk Law.—Stock, lOp.c.ren’ltill 1937, B. AM.
Mannattan ( Elev.)—Consol, stock
Metropol. El.. 1st M., $600,000
do
p. m.,
$ A £
c*
2d M. (guar, by Manhattan)
c*
N. Y. Elevated, 1st M.(payable at 105 after 1896)
Consolidated mortgage (for $15,000,000)
Marietta Columbus <£• Ar.—1st M.,gold,(Mar.Mineral)
Marietta & Sorth Georgia— 1st M., gold, $7,000 pirn.
New 1st mortgage, gold ($17,300 per mile)
c *
Marquette H. <£ o.—Common stock
Pref. stock (6 per cent div. guar, by
D.8.S.AA.).c*
1st m., M.AO., s.f., redeem, at 110 (int.
guar.)..c*
M. H. A O. mo., s.f., redeem, at 110 (int.
guar.), c*
Bonds for extension, Ac., guar
ev
M. H. A O. 1st mortg. on Mar. A West.,
guar
c*
....
Memphis & Charleston—Stock
1st & 2d. mort. extension bonds, Ala. A Miss. Div.
2d mortgage, extended
Consol.,gold ($1,400,000 lstm. on 93m. in Tenn.j
General mortg., gold
Mexican Central(Mexico.1st
m,g.($32,00*0p'.ni)!c'
Income bonds, conv., not cum. ($6,400
p. m.) ...r
Coupon notes for interest funded, red. at 100
c*
Debent.(secu by colla t.) (V.39,p.733), red.at i Oo.c*
Mex. Nat.—1st M., g. ($9,000 p. m).),or’nat 100 ,c‘
1869
1871
1866
1865
$500Ac.
$1,000,000
100 Ac.
100 Ac,
100 Ac.
100
100
633,000
1878
'
45
113
1,000
1879
1876
1888
1885
1881
1887
1.000
156
156
50
90
21
1,000
lOOAc.
1.000
1,0 o
100
100
100 Ac,
1872
1878
1883
1,000
1,000
1885
1,000
5.527,311
272,833
1854
292
292
1884
1881
1881
1884
1885
18 ^7
1887
1887
.530
1,000
1,000
1,000
1,000
Interest
on
100, Ac.
1,000
1,000
500 Ac.
500Ac.
207,807
5,800,144
5,952.683
5,171,530
6,513,390
Balance.
379,845
370.814
3€5,317
4,207,223
58,333
4,026,543
113,090
116,242
11,000
117,095 j
44,815
10,297
49,299
8,377
Balance, surplus....
7,542
55,480
4,716,145
4,637,800
tl.116,337
4.643.727
4,681,137
11,356,890
11692,495
1,832,253
t $32,33b to be refunded, included in
surplus.
J $42,012 to be refunded, included m
surplus.
II $164,692 to be refunded, included in surplus.
.
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAH.
1883-84.
1884-85.
67,776,064
67,930,874
Assets
Boad,equipment, Ac.
Timber A quar. lands
688,024
Stocks owned
t6.904.853
Bonds owned
4,050,673
StkflAbds. held in tr’tfl 9.527,878
Bills A acc’ts. receiv.
1,922,803
Materials, fuel, Ac..
762.273
297,316
1.565,968
599,478
1,172,928
Caahonhand
Bo. A No. Ala. RR...
Nash. A Dec. RR....
Other roads §
C. C. Baldwin acc’tj.
1,005.929
50,000
Sinking fund
Profit and loss
689,911
2.005,590
4,249,861
9,527,878
1,771,487
726,624
404,714
1,733,805
603,250
1,567,793
850,809
Interest
Miscellaneous
1885-86.
1886-87.
*
68,433.991
598,746
1.298,3 47
68,936,640
4,435,098
9,527,878
1,9 55,654
926,262
303,976
2,071,723
618.148
635,978
6,262.598
9,527.878
850,808
94,591,970
$
93.705,275
$
$
30,000.000
61,355.254
30,000,000
34.933
June pay-rolls, Ac..
Front and loss
1,236,152
2,667,565
Total liabilities..
96.324,187
1,' 51,439
1.044,803
1,375,143
178,432
632,140
2,230.9»3
850,808
2,068.6 36
96,324,187
57,530,712
850,000
529,800
3,599,266
475,759
134,810
1.7>>*,98 i
50.000
2,479,344
Total assets
Liabilities—
Stock
Bonded debt*
Louisville bonds....
Debentures
Bills payable
30,000,000
61,95*,314
850,000
.
..
95,034,024
$
30,000.000
61,999,596
201,000
...
189.279
499,435
34,774
1,060,168
41,229
501,52*
34,327
1,571,937
377,796
504,929
327,918
1,287,874
535.911
94,591,970
93,705,275
95,031,024
*
The bonds deposited in tbe $10,000,000 trust have been deducted liere
t Includes $5,000,000 L. A N. stock unissued.
$ An open aeeoimt, the company claiming that Mr. Baldwin is indebted
to it in this sum
11 Less $8,633,000 bonds pledged and $3,070,960 incl. in cost of road.
£ Including construct inn of new roads.
—<V. 44, p. 59, Is5, 308,434,458, 586, 713, 751; V. 45. p. 26, 239, 304,
457, 471, 472, 474 ; V. 46, p. 45. 75, 255, 353, 481, 511.)
Louisville New Albany & Chicago —{See map) — Operates from
New Albany, Ind. (opposite Louisville, Ky.), to Michigan
City. Ind., 289
miles; Hovviaud Junction to Hammond, Ind., 160 miles; Bedford, Ind.,
to 8witz City, 43 miles: Orleans. Ind.. to French Licit
8pr., 18
miles; total owned, 510 miles; leased—Hammond to Chicago, 20 miles;
Howland’s Junction to Indianapolis,4 miles; New Albany to Louisville,
5 miles; total leased, 29 miles; total
operated, 539 miles. A lease for
•999 years with Chicago A Western Indiana at $127,000
per year gives
entrance to Chicago.
The Louisville New Albany A
Chicago was opened in 1852 and sold
In foreclosure Dec. 27, 1872, and
reorganized without any bonded debt.
In Aug., 1881, consolidated with
Chicago A Ind. Air Line, and stock
Increased to $5,000,000, giving 15 per cent increase to stockholders of
record Aug. 31.
The consolidated bonds of 1886 were made for the authorized amount
-•f $10,000,000, of which $5,300,000 was reserved for the
prior first
mortgages, $3,000,000 used to exchange for 2d mortgage bonds of
1883 and general mortgage bonds of 188 4 outstanding, and the balance
$1 ,700,000 used for building new road, for improvement.-, Ac. In June,
1887, all the ear trust certificates were j aid oil.
From Jan. 1 to Feb. 29 ia 1888 (2 mos ), gross
earnings were
-$299,944, against $288,616; net, *64.792, against $43,245.
Fiscal year ends Dec. 31. The annual report for 1887 was in V. 46,
p. 381. Earnings, expenses and charges have been as follows :
INCOME ACCOUNT.
1885.
Gross earnings
Operating expenses
Net earnings
c.
of op. ex.
to earns.
ou ear
Total
15,000)
4,085,706 l. 4,260,310
1*86.
1887.
$1,680,454
1,332,035
$1.9’9.1*9
1,278,528
$2,295,623
1,489,698
$343,418
$640,661
$805,925
79*27
66*62
6489
4 g-
3
10
10
6 g
<> g
b g
A
A
J.
J.
J. Bost., Merch’ts’Nat.Bk. Jan. 1, 1894
J. Bost. 2d Nat. Bk. A Port,
July, 1896
do
do
Q.-J.
July 1, 1891
A. A O.
do
do
April 1, 1895
M. A N. Manchester and Boston.
May 1, 1888
N. Y.. 71 Broadway.
Q.-J.
April 2, 1888
J. A J. N. Y., Mercantile T. Co. July 1. 1908
M. A N.
do
do
Nov. 1, 1899
J. A .1.
do
do
Jan. 1. 1906
J. A D.
do
do
1988
M. A N. N.Y., Farmers’L.AT.Co
May 1,1915
J. A J. N.Y., Smith,OakmanAR July 1, 1911
J. A J.
do
Jan. 1, 1937
In 1883
F. A A.
N. Y.. 10 Wiill St.
Feb. 15, 1888
J. A D. N. Y., Chase Nat. Bank,
June 1, 1892
M. A S.
do
do
Mar. 1, 1908
J. A D.
do
do
June 1, 1923
A. A O.
do
do
April 1, 1925
-
A J. N.Y..W. H.Brown A Bros,
A J.
do
do
A J.
do
do
do
A J.
do
A J.
Boston, Office,
do
July 1
J. A J.
do
A. A O.
do
J. A D. N. Y.office, 32 Nassau St.
M. A S.
do
do
April 1
J.
J.
J.
J.
J.
Pe> fuel—
Interest
Rentals, ins. A taxes.
Int.
Total disbursements.
p.
3,825,570
2,500,000
10.500,000
12,16 \0 0
12,165,000
6,033,532
479,858
Miscellaneous
6
6
4.963.723
Georgia RR. deficit..
8
6
7
198,591
Divid’son L. A N., N.
AD.andM. A M...
3
1,00 >,000
46,155,0.!0
9,741,* 00
5,754 09*2
debt
J*
2,264,000
1886-87.
Taxes...
Rentals
5 g.
7
7
67,000
Disbursements—
bg.
6
309,450
Incorne from invest’s
6 g.
6
7
5 g.
1,400,000
5.312,725
1885-86.
Receipt8-
l+j
2,155,000
25
INCOME ACCOUNT.
1884-85:
1.000.000
25,061,940
10,818,000
4.000,000
8.500,000
2,000,000
650,000
564,0.i0
8(>< *,nro
2,378,670
3,278,456
1,427,500
576,200
1,500,000
105,000
330
181
2dM.,ser.“ A,” g.,inc. accum (for$10,675.( 00).c*
2d M., ser. “ B,” g.,iuc. non-ac. (for
$16,675,000).r
1883-84.
$
425,000
1,166,700
6
6
6
6
5
Jan. 1. 1915
1915
Jan. 1, 1915
Jan. 1, 1924
July 1, 1911
July 1, 1911
July 1, 1889
.Tan. 1,
June 1,
July 1,
1895
1927
1917
July 1, 1917
1885.
charges
1887.
$161,538
217,951
50.000
trust bds..
1886.
$16'),300
223,8 ->9
$519,814
228,641
25,000
50,000
$637,251
—$288,832
$735,407
$'03,455
-$94,747
+$2,469
William. Dowd, President, N. Y.
(V.44,p. 59.90, 342, 401, 553, 584,
621,713: V 45, p. 437: V. 46. p. 102, 191, 381.)
Louisville New Orleans Sc Texas—(See map)— Lino of road
Memphis, Teim., to New Orleans. La.. 456 miles; Lelandto Huntington,
Miss., 22 miles; Washington Co. branch, 35 miles-total owned. 513
miles. Leased-Clinton to Port Hudson, La., 22 miles; total operated,
53 4 miles. This road was built in the inteiestof the Huntingdon sys¬
tem of roads, and forms the connecting Link in that syst-m across the
Continent from Norfolk to San Francisco. The income bond* are a first
mortgage on 750,000 acres of land in the Yazoo Delta. The second
mortgage bonds arc •* incomes.” receiving interest only wheu earned;
but. no interest is payable till Sept. 1, 1*88 ; unpaid iufei est is cumu¬
lative, and bears interest at the rate of 5 per cent; after Sept.., 1888,
these bonds may be paid off at 105.
Tbe Union Trust Co. of New York
is trustee of the 1st and 2d mortgages, and E lward H. Pardee and
Albert Crop us of a new land grant income mortgage which has been
executed to take up the old income bond*; but none yet issued.
From Jan. 1 to Mar. 31, in 1883 (3 months), gross earnings were
$649.6 45, agr.inst $565.1.45 in 1887;
net, $188,145, against $181,570.
report for 1887 was in Cuuomule, V. 46, p. 447:
1886.
1887.
earnings.
$1,803,784
$2,2i3,211
j| Annual
(-ross
Operating
Net
expenses
1.252+02
$>51,221
i
earnings
INCOME
ACCOUNT
1,521,128
$722,Oo3
18b7.
Net earnings
Taxes, reutal and mis. expenses
lntereston bonded debt
$722,083
$101,225 %
415,600 —548.825
Suip'us income...
Mr R.T. Wilson,Pres., N. Y. (V. 44,p.00, 185, 308,434;
V. 4 6. p.417)
$L73,257
V.45,p.5l2
Louisville Southern. —Owns from Louisville. Ky.. southwesterly
to llai rodsmirg .Junction on Cincinnati Southern RR., 83 miles. Com¬
plet'd in May, 1888. Stock, $2,560,000. (V. 46, p. 480.)
Lyken* Valley.—Owns from Millersburg, Pa., co Wiluamstown^Pa.,
20 miles; branch, 1 mile; total operated, 21 miles.
It is a coal road
leased and operated by the Northern Central Railroad siuoe July, 1880,
and previously by the Summit Branch RR. The lease is for 999 years
from March 1, 1866. and the rental is $62,500 per annum.
From Jan. 1 to April 30 In 1888 (4 mos.), gr si earnings
from coal aud
porations were $34+404, against $191,0j4 in 1887; deficit,
$20,534, against $74,863.
ITIaine Central.—Mileage as follows: Mainline, Portland to Ban¬
gor, Me., via Augusta, 136 0 miles; branches, Cumberland Junction to
Skowbegan, 90 7 miles; Bath to Farmington. 71*2 miles; Crowley’s
Junction to Lewiston, 4 7 miles; total owned. 303-2 miles. Leased—
Burnham Junction to Belfast, 33T miles; Newport Junction to Dexter,
14 miles; lirewer Junction to Bucksport, 1ST miles; Bangor to Vanceboro. 114*1 miles; Penobscot Switch to Mt. Desert Ferry, 41-7 miles ;
total leased, 221 miles
To-al operated Sept. 30, 1887, 527*2 miles.
There are also $58,000 5 per cent debenture bonds due 1894 and
$42,000 Shore Line b per cents, due 1923.
Fiscal year ends Sept. 30.
Report for 1886 7 was in V. 45 u. 854.
m nmg
t
FISCAL RESULTS.
1883-84.
18*4-85.
1885-86.
1886-87.
earnings
$2,316,373
Expenses and taxes.
1,750,710
$2,839,779
1,730,902
$3,001,076
1,820,740
$3,142,407
1,948,480
$1,065,663
$.1,108,877
$1,180,336
$1,193,927
Total gross
Net
earnings...
INCOME ACCOUNT
1883-84.
1884-85.
1885-86.
1886-97-.-
Net earnings
Other receipts.
$1,065,663
$1,180,336
$1,193,927
10,421
$1,108,877
7,828
7,400
3.370
Total income....
Disbursements—
Rentals paid
Interest ou bonds...
Dividends
$1,076,084
$1,116,705
$1,187,736
$1 202,707
$189,000
661,395
$189,000
$189,000
$130,000
Receipts—
215,532
701,767
215,541
•
707, ViO
21+:+
-
77 7,009
2LV>33
Total disbursed
$1,06+927 $1,106,308 $1,17
$1,1: ,666
Balance, surplus
$10,157
$10,397
$76'.<2*
f U,131
-(V. 43. p. 10-.217,334,458. 6:8,773; V. 45, p.820 +5 4: V »■
p.573.)
Ittaneiiester
Lawrence,—Owns from Maoviicsre^. N. H., to
Met linen (State Line), 22h miles; leased, Methuen Branch of the
Boston A Maine Railroad, 3% miles; total operated, 26 miles.
Road m
operation since 1849. Methuen branch in leased at a rental of $11,000
per annum. Company lays claim to a two-fifths interest in the Man¬
chester A North Weare RR which is operated by Concord RR.
fn June, 4887, the vf. A. L. voted to lease its road for 50 years to
e, 4837, tlie M.
roan ior ou
Boston A Malms at a rental Having 10 tier cent dividends. The fiscal
Maine
renral paying 10 per
dividends.
i March 31.
Gross earnings in 1885-84, $I77.56~, mt, $100,year e *ds
uuii.' In 18301836-7, gross, $172,524 ; net, $100,691. (V. 44, p. 807.)
.
,
May,
1888.1
RAILROAD STOCKS AND BONDS
69
68
INVESTORS’
Subscribers will confer
a
SUPPLEMENT.
great favor by giving Immediate notice of any error discovered In these Tables*
DESCRIPTION.
For
explanation of column headings, Ac.,
on first page of tables.
Miles
Date
Size, or
of
Par
ol
Road. Bonds Value.
see notes
Maine Central—(Conlbiuett)—
European & North American (Bangor loan)
Leeds & Farmington Railroad loan
c
1878
1879
1,000
1,000
25,061,940
10,818,000
4.000,000
1876
1898
1,000
8,500,000
7
....
2,000,000
1885
lOOAc.
650,000
1881
1887
1.000
564,0.i0
80o,Of 0
5 g.
o g.
9 g6 g.
4
3
8
6
6
6
LOO Ac.
100 Ac.
100 Ac.
100
100
.
„
156
50
90
21
TennV
....
Coupon notes for interest funded, red. at 100 * c
Debent, (secu by collnt.)(V. 39,p.733), red.at lOo.c
Hex. Nat.—IstM., g. ($9,000 p. m).),ur’nat 100 .c*
2dM., ser. “ A,” g.,iuc. accum (for $16.675.00
2d M., ser. “ B,” g.,iuc. non-ac. (for $16,675,0<
272,833
$
5,754.092
198,591
5,800,144
309,450
25
2,155,000
105,000
...
....
....
1894
1881
1881
1*81
1885
18^7
1887
1887
1,000
1,000
1,000
1.000
500Ac.
5 00 AC.
12,165,000
1,000
1.000
100, Ac.
1885-86.
$
4,963.723
.
5,952.683
5,171,530
6,513,390
379,845
58,333
370.814
3U5.317
4,026,543
116,242
49,299
7,542
15,000)
4,085,706 (. 4,260,310
117,095 j
44,815
55,480
10,297
Total disbursements.
4,716,145
4,637,806
Balance, surplus.... tl.116,337
*1,356,890
t $32,33w to be refunded, included in surplus.
4.643,727
11692,495
4,681,137
1,832,253
in
GENERAL BALANCE AT CLOSE OF
1883-84.
$
EACH FISCAL YEAR.
1884-85.
$
1885-86.
1886-87.
$
68,433.091
$
68,936,^40
431,816
Boad,equipment, Ao.
Timber Aquar. lands
67,776,064
Stocks owned
Bonds owned
Btka&bds. held in tr’tIT
Bills & aco’ts. receiv.
Materials, fuel, Ac..
Cashonhand
00. & No. Ala. RR...
Nash. & Dec. RR
Other roads §
C. C. Baldwin aco’t+
688,024
689,9 11
598,746
t6.904,853
2.005,590
4,219,861
1.298,347
4,435,098
9,527,878
1,9 <5,654
4,050,673
9,527,878
1,922,803
762,273
297,316
1.565,968
599,478
1,172,928
1,005,929
50,000
Sinking fund..
Profit and loss.
67,930,874
9,527,878
1,771,487
726,624
•104,714
1,733,805
603,250
1,567,793
850,809
50,000
2,479,344
926.262
1.7<*+98 i
6,202.598
9,527,878
1,-51,439
1.044,803
303,976
1,375,143
2,071,723
Bis. 148
178.-132
632,140
635,978
850,808
2,230.9)3
850,808
2,068.6 16
96,324.187
94,591,970
93.705,275
95,034,024
$
$
30.000,000
$
30,000,000
01,95+314
$
30,000.000
61,355.254
850,000
201,000
475,759
189.279
499,435
41,229
501,5 2s
34,933
Juno pay-rolls, Ac..
Profit and loss
34,774
34,327
1,236,152
2,067,565
1,060,168
1,571,937
Total liabilities..
96.324,187
94,591,970
Liabilities—
Debentures
Bills payable
Interest
30,000,000
57,530,712
850,000
61,999,596
529,800
3,599,266
Miscellaneous
377,796
504,929
327,918
1,287,874
535.911
93,705,275
95,03 4,024
*
The bonds deposited in tne $ 10,000,000 trust have been deducted here
t Includes $5,000,000 L. & N. stock unissued.
X An open account, the company claiming that Mr. Baldwin is indebted
to it in this sum
;
H Less $8,633,000 bonds pledged and $3,070,960 incl. in cost of road.
$ Including constructhm of new roads.
—<V. 44, p. 59, 1*5, 308,434, 458, 586, 713, 751; V. 45. p. 26, 239, SOI.
457. 471, 472, 474 ; V. 46, p. 45. 75, 255, 353, 481, 511.)
Louisville Ne%v Albany & Chicago-{Sec map)— Operates from
New Albany, Ind. (opposite Louisville, Ky.), to Michigan City. ind., 289
miles; Howland Juuctiou to Hammond, Ind., 160 miles; Bedford, Ind.,
to 8witz City, 43 miles; Orleans. Ind., to French Lick Spr., 18
miles; total owned, 510 miles; leased—Hammond t<> Chicago, 20 miles ;
Howland’s Junction to Indianapolis, 4 miles; New Albany to Louisville,
5 miles; total leased, 29 miles; total operated, 539 miles. A lease for
■999 years with Chicago A Western Indiana at $127,000 per year gives
entrance to Chicago.
The Louisville New Albany A Chicago was opened in 1852 and
in foreclosure Dec. 27, 1872, and reorganized without any bonded
Earnings,
debt.
expenses
and charges have been
as
follows
INCOME ACCOUNT.
1885.
Gross earnings
Operating expenses
Net earnings
p.
o.
of op. ex. to earn?.
"
A
A
A
A
A
J.
J.
J.
J.
J.
July
A
A
A
6 g.
J.
A.
J.
M.
6 g.
April
A
J. ST.Y..W. H.Brown A Bros.
Jan’ 1." 1915
J.
do
do
1915
J.
do
do
Jan. 1, 1915
J.
do
do
Jan. 1, 1924
J.
Boston, OHice.
July 1, 1911
do
1
July 1, 1911
J.
do
July 1, 1889
O.
do
Jan. 1, 1895
D. N.Y.oftlco, 32 Nassau St. June 1, 1927
S.
do
July 1, 1917
do
1
July 1, 1917
1885.
*369,300
1886.
1887.
$ 161,538
217,951
223,8 i9
50.000
Is 86.
1887
$1,680, 454
1,332,035
$1.91 9.169
$2,295,623
1,278.528
1,489,698
$348,418
$64<>.661
$805,925
79-27
66-62
Total charges
Balance
50,000
$549,814
228,641
25,000
$637.2U
$735,407
$-03,455
—$288,832
+$2,469
—$94,747
(V.44, p. 50.90, 342, 401, 553, 584,
William. Dowd, President, N. Y.
621, 713: V fi, p. 437: V. 46. p. 10.2, 191, 381.)
Louisville New Orleans Sc Texas—(See map)— Lino of road
Memphis, Tenu., to New Orleans, La.. 456 miles; Behind to Huntington,
Miss., 22 miles; Washington Co. branch, 35 miles-total owned. 513
miles. Leased-Clinton to Port Hudson, La., 22 miles; total operated,
53 4 miles. This road was built in the inteiestof the Iluutiugdoti sys¬
tem of roads, ami forms the connecting link in that sysc-m across the
Continent from Norfolk to San Francisco. The income bonds are a first
mortgage on 750,000 acres of land in the Yazoo Delta. The second
mortgage bonds are
incomes,” receiving interest only when earned;
no interest is payable till Sept. 1,
1*88 ; unpaid interest is cumu¬
lative, and bears interest at the rate of 5 per cent; after Sept ., 1888,
these bonds may be paid oft'at 105. The (Jnioa Trust <’o. of New York
is trustee of the 1st and 2d mortgages, and El ward H. Pardee and
Albert Crohus of a new land grant income mortgage which has been
executed to take up the old income bonds; but none yet issued.
From Jan. 1 to Mar. 31, in 1888 (3 months), gross earnings were
$6-49.615, aguinst $565,145 in 1887; net, $188,145, against $181,570.
j|Annual report for 1887 was in Chronicle, V. 4+ p. 447:
6489
$2,243,211
1.252,J62
Operating expenses
Net earnings
1.521,128
$>oi,22L
$722,0»3
...
INCOME
Net
1887.
1886.
$1,803,784
tfWfW
Cross earnings.
ACCOUNT
1887.
$722,083
%
earnings
$101,225
Taxes, rental and mis. expenses
415,600 —548.825
Sutp'us income...A
$L73,257
Mr R.T. Wilson,Pres., N.Y; (V.44,p.60, 185,308,434; V.45,p.5l2
V. 46. p. 447)
Louisville Southern. -.-Owns from Louisvdle. Ky.. southwesterly
to lla'rodsmirg Junction on Cincinnati Southern RR., 83 miles.
Compht* d in May, 1888. Stock, $2,5<‘0,0l>0. (V. 46, p. 480.)
LykeiiM Valley.—Owns from Millersburg, Pa., to Wiluamstown.Pa.,
20 miles; branch, 1 mile; total operated, 21 miles.
It is a coal road
leased and operated by the Northern Central Railroad since July, 1880,
and previously by the Summit Branch RR. The lease is for 999 year*
1 nterest on bonded debt
.
,
from March 1, 1866. and the rental is $62,500 per annum.
From Jan. 1 to April 30 iu 1888 (4 mos.), gr st earnings
,
from coal and
perations were $348,464, against $191,6o4 iu 1887; deficit,
$20,534, against $74,863.
Maine Central.—Mileage as follows: Mainline, Portland to Ban¬
gor, Me.j via Augusta, 136 6 miles; branches, Cumberland Junction to
Skowliegan, 90 7 miles; Bath to Farmington,-'71*2 miles; Crowley’s
Junction to Lewiston, 4 7 miles; total owned, 303• 2 miles. Leased—
Burnham Junction to Belfast, 331 miles; Newport Junction to Dexter,
14 miles; Brewer Junction to Bucksport, 181 miles; Baugor to Vnnoeboro, 114*1 miles; Penobscot Switch to Mt. Desert Ferry, 41*7 miles ;
total leased, 221 miles. Total operated Sept. 30^ 1887, 527*2 miles.
=•
There are also $58,000 5 per cent debenture bonds due 1894 and
$42,000 Shore Line 6 per cents, due 1923.
Fiscal year ends Sept. 30.
Report for 1886 7 was in V. 45, p. 854.
m mug
*
FISCAL RESULTS.
'
1883-84.
1864-85.
1885-86.
1886-87.
earnings
Expenses and taxes.
$2,816,373
$2,839,779
$3,001,076
$3,142,407
1,750,710
1,730,902
1,820,740
1,948,480
Net earnings
$1,065,663
$1,108,877
$1,180,336
$1,193,927
Total gross
INCOME ACCOUNT
1883-84.
1884-85.
1885-86.
1886-87-
Net earnings
Other receipts.
$1,065,663
$1,180,336
10,421
$1,108,877
7,828
7,400
$1,193,92/
8,970
Total income....
Disb a rse ments—
Rentals paid
Interest on bonds...
Dividends
$1,076,084
$1,116,705
$1,187,736
$1.202,797
$189,000
661,395
$189,000
$139,000
$139,000
701,767
215,532
215,541
707,170
215,
2i 5.59S
Receipts—
sold
In Aug., 1881, consolidated with Chicago A Ind. Air Line, and stock
Increased to $5,000,000, giving 15 per cent increase to stockholders of
record Aug. 31.
The consolidated bonds of 1886 were made for the authorized amount
•f $10,000,000, of which $5,300,000 was reserved for the prior first
mortgages, $3,000,000 used to exchange for 2d mortgage bonds of
1883 and general mortgage bonds of 188 4 outstanding, and the balance
91 ,700,000 used for building new road, for improvement.-, Ac. In June,
1887, all the car trust certificates were ) aid oil'.
From Jan. 1 to Feb. 29 in 1888 (2 mos ), gross earnings were
$299,944, against $288,616; net, *64,792, against $43,245.
Fiscal year ends Dee. 31. The annual report for 1887 was in Y. 46,
381.
3
10
10
6 g.
,
but.
.
J $42,012 totobebe refund* d,included m surplus.
$164,692
refunded, included surplus.
Louisville bonds....
g.
4 g.
Dividend.
J. Bost., Merch’ts’Nat.Bk. Jan. 1, 1894
J. Best. 2d Nat. Bk, A Port.
July, 1896
do
do
Q.-J.
July 1, 1891
A. A O.
do
do
April 1, 1895
M. A N. Manchester and Boston.
May 1, 1888
N. Y.. 71 Broadway.
Q.-J.
April 2, 1888
J. A J. N. Y., Mercantile T. Co. July 1. 1908
M. A N.
do
do
Nov. 1, 1899
J. A J.
do
do
Jan. 1. 1906
do
J. A D.
do
1988
M. A N. N.Y., Farmers’L.AT.Co
May 1, 1915
J. A J. N.Y., Smith,OakmanAR July 1, 1911
J. A J.
do
Jan. 1, 1937
In 1883
F. A A
N. Y.. 10 Wall St.
Feb. 15, 1888
J. A D. N. Y., Chase Nat. Bank.
June 1, 1892
M. A 8.
do
do
Mar. 1, 1908
J. A D.
do
do
June 1, 1923
A. A O.
do
do
April 1, 1925
1886-87. 1| Interest.
$
! Rentals, ins. A taxes.
6,033,532 Int. ou car trust bds..
113,090
11,000
8,377
Stock
Bonded debt*
6
Slocks—Last
A
A
J.
J.
479,858
Miscellaneous
Total assets
7 g.
1,00 *.000
46,155,090
9,731,* 00
3,325,570
2,500.000
10,500,000
l 2,10 ‘ ,0 0
207,807
Georgia RR. deficit..
Assets—
7
7
2,264,000
....
4,207,223
Taxes
Rentals
Interest on debt
Divid’son L. A N., N.
AD.audM. & M...
1,427,500
576,200
67,000
Disbursements—
3,278,456
6
6
6
6
5
I1*
6 g.
6
| ^Cednct—
1884-85.
$
5,527,311
Receipts—
Net earnings
Income from invest’s
2,373,670
1,500,000
1,400,000
5,312,725
INCOME ACCOUNT.
1883-81.
1.000.000
1,000
1,000
....
....
425,000
1,166,700
1,000
1854
292
292
l 530
633,000
100
100
100 Ac.
1872
1878
1883
1885
....
$1,000,000
1,0 0
156
330
181
Mexican Central (Mexico.) —1st m,g.($32,doo p.m)*c’
Income bonds, conv., not cum. (*0,400 p. m.)
]
$500Ac.
....
....
bonds, Ala. A Miss. Div
93m. in
.
_
45
112
Memphis dk Charleston—Stock
in. on
Rate per When Where Payable, and by
Cent.
Whom.
Payable
1869
1871
1866
1865
....
Marietta Columbus & N.—1st M.,gold,(Mar.Mineral)
Marietta <& Worth Georgia— IstM.. gold, $7,000 p.m.
New 1st mortgage, gold ($L7,300 per mile)
c *
Marquette H. <t (J.—Common stock
Pref. stock (6 per cent div. guar, by D.S.S. AA.j.c'
1st m., M.AO., s.f., redeem, at 110 (int. guar.)..cy
M. H. AO. mo., s.f., redeem, at 110 (iut. guar.j.c’
Bonds for extension, Ac., guar
c
M. H. & O. 1st mortg. on Mar. A West.,
o'
guar
mortgage, extended
Consol.,gold ($1,400,000 1st
General mortg., gold
Outstanding
14
Metropol. El., 1st M., $600,000 p. m., $ A £
c*
do
2d M. (guar, by Manhattan)
c*
N. Y. Elevated, 1st M. (payable at 105 after 1896)
Consolidated mortgage (for $15,000,000)
1st & 2d. mort. extension
INTEREST OR DIVIDENDS.
Amount
56
36
30
71
26
32
18
18
e
Androscoggin Railroad, Bath City loan
c
Portland A Kennebec, consolidated mortgage...c
Manches. <k Law.—Stock, 10 p.c. ren'l till 1937, B. &M.
Manhattan (Eler.)—Consol, stock
2d
[Vol. XLVI.
717,068
Total disbursed
$1,06+927 $1,106,308 $1,111.7'-s
-,666
$10,157
$10,397
j.it,131
Balance, surplus
(V. 43. p. 1*)
217, 334,458. 6 : 8,773; V. 45. p. 820 S5-1: V. 1 ,1+573.)
Manchester & Lawrence.—Owns from Maactiesrer. N. H., w
Methuen (State Line), 22*4 miles;
leased, Methuen branch of the
Boston A Maine Railroad, 3% miles; total operated, 26 mikes.
Read in
operation since 1849. Methuen branch is leased at a reutal of $11,000
—
Man¬
per annum. Company lays claim to a two-fifths interest in the
chester A North Weare RR , which is operated by Coueord RR.
In June, 1897, the M. A. L. voted to lease its roau for 50 years to
ue,
«v.
ns road lor ou .yeuuo w
Maine at
Boston A .VfiHno at, a rental paying 10 per cent dividends.
paving
The fiscal
ds
year e*ds March 31. Gross earnings in 1885-3;;, $777,85.-, n+, $100,oiiJ.
u 1836-7, gross,
In '
$172,524
;
net, $100,691. " (V. 44, p. 807.)
May,
1888.J
EAILEOAD STOCKS AND BONDS.
69
70
INVESTORS5
SUPPLEMENT
[Vol. XLVI.
Subscribers will confer a
great favor by giving
explanation of column
For
on
Mexican
first page
headings, Ac., see notes
of tables.
Nat.—(Con.)—3dM, deb (inc, not cum), g.
t.\
Texas-Mexiean, Corpus Ch.S.D.AR.G, 1st M, gd.r*
1st M., gold ($15,000 p. m.)
c*
do
Michigan Central—Stock
Consolidated mortgage ($2,000,000 are 5s)..c. Ar
c. A r
M. C. Michigan Air Line mortgage.
Michigan Air Line 1st M., assumed by M. C. .c A r
M. C. bonds, mort. on Grand River Val RR..e.
Kal.A S.H., 1st A 2d m., g.$70,0002dsdue’90 c.
187-2390. 183-45.
Ar
Ar
Grand River Valley, stock, guar
Detroit A Bay City 1st en’d. and
c. A r
bridge
'M. C. mort. on Detroit & Bay City Railroad..c. A r
Jackson, Lansing & Saginaw, consol. mort..c.Ar
Jackson Lansing A Saginaw consol, mort—o. &r
2£iddletownUn.<£W. Gap—lstm. ext. 25 yrs in ’86.c"
do
do
2d mort. guar
Mihv. Lake Sh ore cfi West—Common stock
Preferred st o ck
Consol, mort., gold
Income bonds (not cumulative)
.
immediate notice ot any error
c*
Date Size, or
Par
of
Road. Bonds Value.
Miles
of
165
1872
84
39
84
145
145
236
298
13
960,000
1,000
1,000
1,380,000
18,733,204
10,000,000
1,900,000
1.000
200.000
1,000
1,500,000
1872-3
1881
1871
1880
1866
1871
592
592
346
85
40
56
16
65
65
126
177
1881
1881
1882
1884
1885
1,000
710.000
100
r
Equipment bonds of 1882 ($30,000 red. yearly)..
Michigan Div., 1st mortg , gold (for $3,000,000)c*
Ashland Division, 1st mortgage, gold.
cA
•St. Paul Eastern Gr’d Trunk, 1st, gold, int.guar.c*
Funding notes
Equip, bds. 1885 ($100,000 red. yearly from ’90).|
Convert, debentures for $2,000 900 gold
c*
1st M. on IIarley & Onton. branches (dr. at 105) ..c
Milwaukee <£• Lake Winnebago— 1st mort., gold...c*
Income bonds, gold (cumulative)
c*
Debentures, gold
c*
ililicaukec <£• Northern—1st mortgage
c■
Consol, mortg. ($17,000 per mile)
c\
,
Rate per
Cent.
$7,040,000
1,000
1870 (
1870
’79-86
’69-70
10
(Outstanding
1,000
100
270
103
Amount
1,000
1887
1880
1881
1*6*1
discovered in these Tables.
Bonds—Princi¬
INTEREST OR
f
DESCRIPTION.
71
BONDS.
AJNTD
STOCKS
EAILEOAD
May, IS 88.]
491,200
1,000
424,000
3,576,000
1,722,000
1,087,000
150,000
250,000
2,000,000
5,000,000
4,350.000
1,000
1.000
1.000
100 Ac.
5 00Ac.
100
100
1,000
1.000
500.000
1,000
1,000
1,000
1,281,000
1,000,000
1883
1,000
973,000
1895
1885
1887
1886
1882
1882
1884
1880
1884
1,000
1,000
1,000
1,000
1,000
1,000
130,000
100.000
500,000
1,200,000
200,000
1,430,000
500,000
200,000
2,155.000
1,389,000
1,000
1,000
1,000
6
7
6
2
7 Sc
8
8
6
8
g.
5
8
5
8
6
5 g.
5
4
3h
6
6
8
6
6
6
7
6
A
Sc
F. Sc
M. Sc
J.
2%
g.
g.
g.
g•
Whom.
N. Y. Oiliee, 32 Nassau.
do
J.
do
J.
A. Grand Central Depot.
N. N. Y., (Juion Trust Co.
do
do
J.
do
do
N.
do
do
S.
do
do
N.
do
do
J.
do
do
N.
do
do
S.
do
do
S.
do
do
S.
N. N. Y„ N. Y. Susq. A W.
do
do
D.
May 1
J.
J.
Sc
M.
M.
M.
J.
M.
M.
M.
M.
M.
Sc
J.
A
A
A
A
A
A
A
A
A
Stocks—Last
Dividend.
1937
July 1, 1901
July 1, 1921
Feb. 15, 1888
Mav 1,1902
Jan. 1,1890
Nov. 1,
1890
Sept. 1, 1909
Nov. 1, *89-90
Jan., 1888
May 1,1902-3
Mar. 1, 1931
Sept. 1, 1891
Sept. 1, 1891
1911
1896
Yearly. N.Y., N. Bk. of Com’rce Jan. 14, 1888
Jan. 14, 1888
do
do
Sc
r.
May 1, 1921
do
do
M. A N.
do
do
May 1, 1911
M. A N.
1892
J. A J. N. Y., S. S. Sands A Co.
July 1, 1924
J. A J. N. Y. Bk. of Commerce
Mar. 1, 1925
do
do
M. A S.
J. A J. N. Y., 8. S. Samis A Co. Jan., 1, 1913
J.
J.
do
do
A D.
J.
A J.
do
do
Dec. 1, 1888
1890-95
Feb. 1, 1907
F. A A. N. Y., Bk. of Commerce
April 1, 1890
A. A 0.1 N. Y.. S. S. Sands A Co.
July 1, 1912
g. j J. A J.i New York A Boston.
July 1, 1912
do
do
g. J. A J.I
do
do
April 1, 1904
S- A. A 0.1
June 1, 1910
! J. A D. N.Y.,Merch.Exeh.N.Bk
June 1, 1913
do
do
* J. A D.l
5 g.
6
6
5
6
6
6
pal, When due.
Payable, and by
Payable
g.
g.
Where
When
j
DIVIDENDS.
g.
road for twenty years from July 1, 1877, but this lease was vacated
Elevated.—Road operated, 32-39 miles. This was a April 29, 1887. Of the consolidated mortgage, $1,400,000 are secured
corporation formed (Nov. 24, 1875) to lease and operate the two elevated by the old Tennessee State lien for $1,736,906, assigned to a trustee, and
railroads in New York City,
rts capital stock was $13,000,000, and thus staud higher in value. There are also $—- ear trusts.
the original lease of May 20, 1879, guaranteed 10 per cent per annum
The East Tennessee Virginia & Georgia RR. in Sept., 1885. placed a
•on the stocks, but this lease was amended in October, 1881, by agree¬
majority of the stock in the Central Trust Co. for control. The validity
ments among the three companies, which wer*» supplemented by an of this‘ownership of stock is contested by the minority stockholders,
agreement- of Nov. 14. 1881; but this was defeated by the Metropolitan and a smt is pending.
stockholders after litigation
In June, 1884, a new compromise agree¬
From July 1 to Moh. 31 in 1837-8 (9 months), gross earnings were $1,ment was made and afterward ratified by the stockholders of the three
410,582, against $1,259,068 in 1886-7, net, $411,114, against $425,780.
companies by which all liabilities were assumed, and new stock was
For the year ending June 30, 1887. gross earnings were $1,606,772;
issued by the Manhattan Company to the holders of stocks in the other net, $ 111,280 ; surplus over interest, etc., $20,021, and in 1885-86 $1,companies, viz: For Manhattan, 85 per cent in now stock; for New York, 323,529 gross and $386,315 not,—(V. 44, p. 22, 149, 300. 551, 713; V.
120 per cent: for Metropolitan, 110 per cent.
45. p. 26, 180, 239, 272, 304, 437, 613, 705. 727, 742; V. 46, p. 255.)
There are large claims pending against the elevated roads for damage
Mexican Central (Mexico).—In April, 1888, the mileage waa—
to property on their lines, and many of these are before the courts. The
Main line from Mexico City north, to El Paso del Norte 1,224 miles,
-Court of Appeals’ decision was against the Company in the Lahr and
112 miles on Tampico l)i\ ision.l 1 miles on Guanajuato Branch,160 miles
Wagner suiis referred to in V. 44, p. 173.
on Guadalajara Division, and 17 miles on the Pacific Division, and a
Dividends yricr to 1888 were: In 1884, 3 per cent; 1885 to 1S87, in¬
clusive, G percent. Range of prices of consolidated stock since 1883 branch, 7 miles, to stone quarry, made a total of 1,531 miles. Other work
in progress.
has been as follows : In 1884, 04q>®79 ; in 1885, 65© 123^ ; in 188G,
The company was incorporated Feb. 25,1880, under the general law
1205)175: in 1887,921s® 1617e; in 1888 to May 18. inclusive, 83b2o>98.
of Massachusetts, and by transfer the company holds a charter from
In 188G the debentures of the New York Elevated were issued for
the Mexican Government, granted Dec. 5, 1874.
The company has a
advances made by the Manhattan Co. for improvements, Ac., and in
1888 the authorized issue of $15,000,000 new bonds was intendedlto subsidy from the Mexican Government of $15,200 per mile on most of
payable
per cent of all duties. After
cover all these and to provide for future needs.
See V. 45, p. 85G ; V. the lines, payment with 8duties was resumed, and was suspension in
1885 the
1 p. ct. Jan. 1,
from
46, p. 75.
1887, and after that 1 per cent more every six months, till July, 1890,
From Oct. 1, ’87, to Mar. 31, ’88 (6 mos.), gross earnings were $4,336,
the full 8 per cent is reached. The incomes are convertible into stock
757, against $3,970,383 in 1886-87; net, $1,944,283. against $1,674,at par. The stock is $38,500,300.
<078; surplus over fixed charges, $976,348, against $633,890.
The above 10 per cent coupon notes are secured by deposit of coupons,
The reports for year ending Sent. 30 have shown the following income:
and by an amount ot Mex. Gov’t subsidy certificates equal to the prin¬
1883-4. ‘
1884-5.
1885-6.
1886-7.
1st mort.
Gross earnings
..$6,726,359 $7,000,567 $7,426,216 $8,102,662 cipal and int. of the coupon notes. Of the debenturebonds $2,500,000
additional are deposited as collateral for the
bonds.
Operating expenses... 3,884,949
3,967,983 3,960,191 4,970,450
In Dec., 1885, it was arranged to reduce the interest on 1st mortgage
$3,132,212 bonds to 4 per cent, with an agreement to pay the remaining 3
Net earnings....$2,841,410 $3,032,584 $3,466,024
1,554.080 per cent in any jrear when earned, but not to be cumulative.
1,806,393
1,459,013
Interest and rentals... l .381J713
From Jan. 1 to Mar. 31, 1883 (3 months), gross earns, were $1,544,$1,578,132 492, against $1,208,557 in 1887; net, $721,623, against $587,560 (In
Balance
$1,459,697 $1,573,541 $1,659,631
1,560,000 Mexican currency).
1,560,000
Deduct dividends
1,170,000 1,560,000
The annual report for 1887 in V. 46, p. 572, 576, showed:
MaiiLattan
$289,697
Surplus
$13,541
of
the
$99,631
$18,132
carried on
earnings, since the
The following is a statement of the number
passengers
the elevated rail roads in New York, and
gross
•completion of the roads :
Passengers.
46,045,181
00,831,757
75,585,778
86,361,029
Earnings.'
$3,526,825
4,612,976
5,311,076
5,973,633
Passengers.
96,702,620
103,354,729
1885-86,.115,109,591
1886-87.-158,963,232
Earnings.
$6,723,832
7,000,560
7,426,216
8,102,662
6,386,506
92,124,943
—(V. 44, p. 173, 244, 621, 654; V. 45, p. 272, 304, 611, 673, 727, S56
T. 46, p. 75, 228, 289, 511, 650.)
Marietta ColumbuwA Northern.—(See Map) -Road from Mari¬
etta, O.. to Joy, O., 41 miles; branch Big Run to Stuart, 4 m.
Formerly
the Marietta Mineral road, and name changed (no foreclosure). The bond
issue is limited to $650,000 on 45 miles of road. An extension North
to a connection with the Columbus A Eastern is under construction.
This company controls shipments Irom the Federal Valley coal mines
and coke ovens. In 1887 net earnings were $45,240; surplus over fixed
charges, $9,240. Walter Stanton, 11 Wall St., N. Y., Pres.—(V. 46, p. 38.)
Marietta Sc North Georgia-Narrow-gauge road from Marietta,
Ga., to Murphy, N. C., 112 miles, and from Atlanta, Ga., to Knoxville,
”enn., in all "220 miles, with branches 40 miles, is in progress.
ock is $1,560,000.
About $1,500,000 has been subscribed by
i. °rested parties, including $275,000 l*v the city of Knoxville.
The,
fral Trust Co.of New York is trustee of. the consol, mortg. After
$15,000 yearly will be paid to a sinking fund for these bonds. The
Gross
“oudholders can exchange for bonds of the. new issue.
•
:
gs in 1886-87 were $77,366; net, $40,203.
R. M. Pulsifer, Presiu
(V. 43, p. 547, 57S, 607; V. 46, p. 75.)
nston.
’
>
•
Houghton Sc Ontonagon.—(See Map Duluth South
r>
to—Owns from Marquette, Mich., to Houghton, 113 miles;
13 miles; total operated, 156 miles.
Has a land grant of about
;
.*»<••
s.
Business consists largely of transportation of iron ore.
60 yOu
86, a controlling interest was purchased by a syndicate in
Lu '
of the Duluth South Shore A Atlantic RR., with which
tie p;t e
r. ir-<l \
sc contract was made under date, of April 15, 1887, by
vb-cb
8. A A. operates this road and agrees to pay the interest
d one;
x per cent yearly' on the pref. srock as it stands above.
ear -:r.<bn
Feb. 15, 1888, gross earnings were $1,110,264; net,
above fixed charges. $195,954; dividends paid (6 per
*,ff 3
P
h. s to lessee, $754.
o
In 1886-7 net .income, $4-7,995.
C« '■■■■'' 8
I .e, '*re»t on debt. $305,552; dividends, $56,467; total
te
Di-b •:.«
U 2.019.
Balance, surplus, $65,976. (V. 43, p. 547;
disbl.. S une;'i -.
lr
142, 480.)
y. -----V. 44.1
Mem p hi* if, i h irleston.—(See Map of Easl Tennessee Yir<
ns from Memphis to Stevenson, Ala., 272 miles;
ffinia a
tranches- -: n‘s..n. 1 ■••lb..- 14 miles, to Florence 6 miles; leased, Stevenl > miles : total operated. 330 miles.
This road was
■son to CLatTitma,^
.y.s^sed Jinn* 2, i s7 /, to the East Tennessee Virginia Sc Georgia Rail¬
lief
uette
•
.
■
■
—
'
'
INCOME ACCOUNT.
1887.
1886.
1885.
$3,559,561 $3,857,706 $4,836,578
earnings, Ac. (U. 8.currency). $1,309,395 $1,102,072 $1,680,295
204,845
58,437
590,352
subsidy rec’d (U. S. currency).
Receipts—
Gross earnings
Net
Net
Total net income
Disbursements—
One year’s int. on cou. of ’39,
lilt, on 1st mort. bonds, cash
Int. on4dehemures, cash
Miscellaneous
$1,893,747 $1,160,503 $1,885,140
cash.
$334,027
$*192,013
731,480
167,500
122,571
736,710
187,500
84,850
$316,313
1,254,677
250,000
74,612
$1,425,578 $1,201,073 $1,895,602
$473,169 dcf.$40.564 def.$L0,462
—(V. 44, p. 22.149. 211,216, 275, 308. ?43, 466, 619, 625, 681; V.45,p.
53, 113, 437, 613, 820, 856; V. 46, p. 102,191, 537, 538,558, 572,576.)
Mexican National Railroad (Mex.)—The road was completed
from Corpus Christi to Laredo (Texas Mex. RR.), 161 miles; Laredo to
Saltillo, 237 miles; Matamoros Div., 76 miles; branches, 7 miles; total
Northern Division, 481 miles; City of Mexico to Paszcuaro, 273 miles:
Acambaro to San Miguel. 76 miles; El Salto line, 42 miles; branches, 13
miles; total Southern I)iv., 4o4 miles: total road finished, 885 miles,
leaving a gap of about 370 miles to be completed to connect the North¬
Total
Balance
ern
sur.
and Southern divisions.
The Texas-Mexican
belongs to this com¬
of its line, the Mexican Nat. owning $1,196,000 of
its whole stock of $2,500,000; also $248,000 of the
Corpus Christi bonds. The company received a subsidy of $11,270 per
mile of road, secured by 6 per cent of the Government receipts from
pany and forms pare
its bonds, and nearly
In July, 18^5, sub-idy payments were suspended, but resumed
graded scale in 1886. See V. 43, p. 103.
Foreclosure took place May 23, 1887, and a new mortg. at $9,000 per
customs.
on a
used
($12,500,000) w^is placed on the whole road, most of this to be
complete the gap of 370 miles ; these bonds may be redeemed at par.
The second mortgage bonds are incomes, series “ A” being cumula¬
tive (and the full interest being a charge ahead of series “B” bonds,
which are non-cumulative). Trustees of 1st mortgage are H. M. Matheson and Chas. Magniac, of 2d mortgage J. A. Horsey and Lyman K.
Bass and of Income mortgage C. J. Cauda and H. A. Risiey. The stock
is $33,350,000, and is placed in trust, leaving road in control of
holders until interest lias been paid for two consecutive years on both
classes of bonds.
(See V. 43, p. 598, and V. 44, Chronicle of March 19,
1887, p. V. of advts.)
From Jan. 1 to Mar. 31 in 1838 (3 mos.). gross earns, were $576,521,
against $487,759 in 18s
deficit, $46,445, agst. surplus. $
44, p. 275, 369, 401, 681.
Iu 1887 gross earnings, $1,798,915; net,
$194,727. In 1886, gross, $1,743,521; nst, $74,321. (V. 44, p.
mile
to
bond¬
369. 401,681 ; V. 45, o.
2.32, 537.)
17,696—(V.
275,
Road.—Main line—Kensington to
Michigan Central,—Line of
Detroit, 270 miles; and Windsor to
Suspension Bridge (Can. So.), 22®
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MARIETTA, COLUMBUS
t^vvsseirrvan
& NORTHERN R. R.
R.
S. Plymouth
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Mat, 1838, J
RAILROAD
STOCKS
AND
BONDS.
73
-
74
INVESTORS’
Subscriber* will confer
a
Miles
Date
For explanation of column headings, Ac., see notes
of
of
on first page of tables.
Road. Bonds
Mine Hill <£ Schuylkill Haven—Stk, 8«% rent., P. A R.
Mineral Range*—.Stock
137
Houghton extension, gold
Mortgage of October, 1886
Minneapolis db St. L — 1st M., Min. to Merriam Jcn.c*
1st mortgage. Merriam Junction to State Line..c*
1st mortg., Minneapolis to White B.Lake, guar.c*
1st mortg., gold, coup. (Al. Lea to Fort Dodge).c*
Imp. and equip. M., lst&2dser., jun. lien on r’d.c*
27
93
15
102
360
53
224
92
205
495
Minneapolis St.Pauldb Sault S'e.Marie—1st M.,g. c*
Minneapolis A Pacific— 1st M., $15,000 p. mile cx
286
Mississippi d: Tennessee—Gen. M., $2,500,000
1st consolidated mortgage, series “A”
ioo
1st consol, mortgage, series “ B,” (a second lien).
100
Missouri Kansas t£ Texas—Stock ($5,157 pref.)
1,435
1st m., gold, sink, fund, on road and land (U.P.S.Br)
182
1st mortgage, gold (Tebo. A Neosho)
100
Consolidated mortgage, gold, on road and land...
786
3d m., income, exchangeable for genl. m. 5 per ct.
786
Booneville Bridge bonus, g. guar., drawn at 100
General consol. M.,gold ($9,340,000 are 5s)
1,565
_
_
2d
do
Colorado Bridge
mortgage, gold
70
776
776
c*
bonds, sink’g f’d.
Outstanding
Rate per When Where
Cent.
Payable
$1,081,900
100
100 Ac.
1,000
198,000
1,000
500 Ac.
1.000
1.000
950.000
280,000
1,000
1,015,000
4,000,000
1,000
636,000
1,000
500,000
1.000
1,000
3,080,000
1,000
1,000
9,000,000
4,245,000
1,382,000
1,000
1.000
J. A D.
A. A O.
J. A J.
J. A J.
J. A J.
J. A D.
M. A N.
J. A D.
J. A J.
J
A D.
J. A J.
A. A 0.
A. A O.
J. A J.
J. A J.
J. A D.
A. A O.
J. A J.
g.
gg.
gg.
g.
g.
4
100
977,000
1,100,000
46,410,157
1868
1,000
2,054,000
1870
1,000
1,000
346,000
1871-3
1876
500 Ac.
1,000
_
J.
8
5
5
4
7
7
7
7
6
7
7
6
6
5
5
100,000
100,000
250,000
455,000
500 Ac.
100 Ac.
14,877,000
A
3i*
2i*
400,000
1877
1877
8
8
-
6 g.‘ J.
7 g. J.
7 g. F.
A.
6
7 g. M.
5 A 6 g. J.
6
J.
7 g- M.
6 g- M.
-
^
A
A
A
A
A
A
N.Y.Mor’n.Bliss, ALoud
N.Y., R. P. Flower A Co.
N. Y. Office, 214
La-t paid April,
Last paid Jan.,
J. N.Y.,
1,000
27,264,090
1,000
1,000
7,954,000
1881
500 Ac.
7,054.000
6
M. A
225,000
7
1880
....
A
A
Jan. 16, 1888
July 5, 1887
June, 1888
July 1, 1926
Jau. 1, 1936
B’way Dec. 1, 1952
1887. April 1, 1902
1887.
July 1, 1902
Mercantii^Tr.
do
do
do
do
M. A N.
....
696,000
Office, 119 S. 4th
Last paid June, 1887
Last paid April, 1887.
Oct.
1, 1915
Last paid July, 1887
Jan. 1, 1916
Last paid July, 1887
Oct, 1, 1926
N.Y., Bank ot No. Am.
Jan. 1, 1907
do
do
June 1, 1927
N. Y., Cent. Nat. Bank. May 1, 1907
N. Y., Bank of No. Am.
June 1, 1909
Last paid July, 1887
July 1, 1922
N.Y.,Bk.of No.America. Dec. 1, 1910
do
do
1890
do
do c
April 1, 1921
do
do
Oct. 1, 1934
D.
A.
1,000
A
Stocks- Last
Dividend.
*
1873
347,000
pal. When Due.
Whom.
J. Phila.,
1880-6
1880
1870
1879
....
Payable, and by
Q.-J.
581,000
823,000
.
East Line A Red River
Han. A Cent.Mo., lstA2dM. (2d M.,$32,000,1892)
Enternat. A Gt. North’ll, 1st mort., gold
Amount
Par
Value.
1887
_
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
$50
1873
1885
1886
1886
1877
1877
1877
1879
1882
1880
1880
1881
1884
1886
1836
.
Mort. on Southwestern extension ($12,000 p.m.)c*
^d. bds.,iuc.,5A 10yrs.(WluteBeartoFt.Dodge)c*
1st mortgage, gold, Pacific Extension
c*
Wis. Minn. A Paciiic.—1st mortg
c*
Size,
....
17*2
12i*
4i*
1st mort., coup
1st mort., gold, on Calumet extension
do
[VOL. XL VI,
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
J'
SUPPLEMENT.
0.
N.
D.
D.
N.
N.
S.
Jan., 1899
June 1, 1903
do
do
do
do
do
do
do
do
do
do
Co.
do
1904-1906
April 1, 1911
May 1, 1906
Dec. 1, 1920
Juue 1, 1900
do
do
‘
do
1890 A 1892
Nov. 1, 1919
do
Sept. 1, 1909
do
1920
.
miles; total main line, 406 miles.
Branches owned and leased—Midi.
Air Line RR.. 115; Jol. A No. Ind., 45; Grand River Valley, 84 ; Jack.
Lan.A Sag.. 295; Kal. A So. Ilav., 39 : Det. A Bay City, 152; Sag. Bay
A No. W.,64; branches 85. Tol. Can. So. A Det., 56;
Can. So. Br.
<3o., 4 ; Mich. Mid. A Can., 15; Canada So. branches, 99: Sarnia Chat. A
Erie, 7; Erie A Niagara, 31; total branches, 1,027 miles; total operated,
1,523 miles There are 121 miles of second t rack and 569 of side tracks.
Organization, Leases, Ac.—The Michigan Central was chartered in
1846 ; the whole line, Detroit to Kensington, was opened in 1852. The
Detroit A Bay City road was foreclosed Feb. 12, 1881, and pur¬
chased for the Michigan Central, which leased it and put a mortgage
on the road.
The other lines described above as leased are all held by
the Michigan Central nominally under leases at fixed rentals, but are
practically owned. The land grant came from the Jackson Lansing A
mginaw company as stated below.
in Nov., 1882, a close contract was made with Canada Southern for
working its road by the Michigan Central and for the division or
net pro tits over all charges as follows—one-third to Canada South¬
ern and two-thirds to Michigan Central; but the latter company is
entitled to an increase on this proportion as it diminishes its interest
charge by payment of bonds or otherwise.
8tocks~ and Bonds—The Michigan Central stock has remained at the
(Same amount since 1873.
Prior to 1873 it was a regular 10 per cent
stock. In 1872-73 paid 5 per cent and 4 in scrip, but afterward paid
mo dividend till 1878, and since then irregular amounts.
Since 1870
-dividends have been: In 1870-71, 10 per cent; 1871-72, 10; 1872-73,
5 and 4 in scrip; in 1878, 2; inl879, 31*; in 1880, 8; in 1881, 01*; in
SS2, none paid; in ’83, 5 ; in ’84. 3; in ’85 and ’86, nil; in ’87, 4 per cent..
The range in prices of the stock has been as follows: In 1871, 114®
126; in 1872, 1133120; in 1873,653111; in 1874, 68VS^1*; in
1875, 5338214; in 1876, 34^365^; in 1877, 35^37414, in 1878,
5812'3 75; in 1879, 73»4398; in 1880, 753130*0; in 1881,84^3120;
in 1882. 773105: in 1883, 77310010; in 1884, 5134394i*; in 1885,
46iu37934; i„ 1886, 61*239834; in 1887, 803951s; in 1888 to May
18 inclusive, 72387^3.
The Jackson Lansing A Saginaw e’ebt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000; the pro¬
ceeds of J. L. A S. lands go to pay bonds, and in 1887 sales amounted
■to 7,222 acres for $140,451 (including timber), leaving 296,924 acres
unsold; land contracts and other assets on hand, $473,353.
Operations, Finances, Ac.—The road is operated under a close
con¬
tract with Canada Southern and the earnings of both roads are included
.in the statistics below.
The annual report in V. 46, p. 571, gave the following:
OPERATIONS AND FISCAL RESULTS.
1881.
:Miles
1885.
1886.
1387.
1,505
operated
1,515
1,516
1,d3
/
Operations—
Passengers carried..
2,531,072
2,340,243
2,592,741
2,762,961
Passenger mileage.. 164,908.660 155,573,989 171,317,751 182.492,458
2-101 cts.
2-033 cts.
2*143 cts.
Ratep.pass. p.mile.
2-293 cts
5,141,597
Freight (t’ns) moved
5,236,276
5,345,570
6,014,233
Fr’glit (this) mileage *1,179,193 *1,232,477 *1,157,413 *1,340,673
Av. rate p. ton p. m..
0-616 ets.
0-560 cts.
0-686 cts
0*69 i cts
Ramin ys—
$
$
$
$
Passeuger
3,464,500
3,162,342
Freight
.Mail, express, Ac...
7,620,887
573,630
6,9u6,‘207
638,845
3,670,826
7,938,572
686,430
4,184,237
9,309,987
670,266
11,659,077
10,707,394
12,295,828
14,164,490
2,010,962
1,099,387
5,584,409
263,874
1,541,009
1,106,839
5,100,434
266,321
1,734,014
1,397,233
5,015,144
2,314,743
258.288
5,815,434
270,307
8,959,132
2,699,945
8,014,603
2,692.791
8,404.079
3,891,149
9,875,216
76-84
74-85
68 35
69-72
Tot. gross eanrgs.
Opera tiny expenses
Maint’ce of way, Ac.
Maint. of equipm’t.
Transpor. A miscel.
Taxes
Tot. oper. expens.
Net earnings
P.o.op.exp.to earns.
*
Three
,
—
1,444,712
4,289,244
ciphers omitted.
INCOME ACCOUNT.
1884.
Dish ursem e n (s—
Rentals paid
Interest on debt
Can. So (t;? of net)
3,891,149
72,216
45,190
52^718
2,765,007
3,936,339
4,341,962
184,310
2,454,292
..
2,692,791
79,858
$
184,310
Total income
$
2,779,803
.
1885.
$
2,699,045
Receipts—
Net earnings
Int. and dividends
2,482,443
20,448
8.679
1886.
$
$
$
184,310
2,392,674
407.335
Miscellaneous
tUurplus for div’ds...
Surplus'...
'•*
$
4,239,244
$
134,310
2,351,019
540,370
32,513
Total
Dividends
.Rate of dividends
1887.
2,659,050
120,753
2,675,432
89,575
_
T
T
2,984,319
952,020
374,764
(2)
..
120,753
89,575
577,256
3,109,312
1,232.650
749,528
(1)
483.122
The balance to crodlt of income account Dec. 31, 1887, was
$1,977,4_5. -(W 44, p. 6, 22, 5S3 ; V. 45, p. 5, 26, 872, 886 ; V. 46,
p. 571*)
Middletown Unionville Sc Water Gap.—Owns from Mid¬
dletown, N. Y., to Unionville, N. J. State Line, 13 miles.
Is controlled
by N. Y. Bus. A West, by ownership of stock. In 1886 extended first
mortgage bonds for 25 years at 5 per cent. In year ending Sept. 30,
1837, vross earnings were $44,903; net, $12,878; deficit under fixed
charges, $3,642. In 1885-86, gross, $39,590; net, $16,171; def. under
interest, Ac., $8,-931. Stock, $149,850.
Milwaukee Lake Shore A: Western.—(See Map.)— Owns from
Milwaukee to Ashland, Wis., 391 miles (4 miles leased); branches—
Hortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles ;
Eland June, to Wausau, 23 miles; Antigo to Malcolm, 11 miles; Monico
-to Rhinelander, 16 miles; Hurley branch. 13 miles ; branches to mines
Ac., 41 miles; Watersmeet branch, 5 miles; Ontonagon River branch
6 miles; total owned, 531 miles; leases, Milwaukee to Lake Shore
Junction, 4 miles: spur, 1 mile; Clinton to Oconto, 56 miles; total
leased, 61 miles; total operated, 592 miles This company was organized
in 1876 as successor to the former company foreclosed inl875. Pre¬
ferred stock has a preference to the extent of 7 per cent from netearnings. The debentures are convertible into stock at par at anytime
within ten days after the date fixed for payment of dividends on
common stock.
The equipment bonds are redeemable $30,000 per
year at par; tiie funding notes $100,000 per year; the equipments of
1885 at $100,000 per year after 1890. and the Ontonagon 1st
mortgage
$25,000 per year at par.
The annual report for 1887 was in V. 46, p. 3S0.
.
INCOME ACCOUNT.
1885.
Gross earnimts
Net
earnings
1886.
1887.
.$1,305,278
$420,890
$2,317,802
$3,180,681
$1,240,323
9.529
•130,419
312.618
24.197
Total net receipts
Interest paid (including incomes;.
Rental and miscellaneous
Total
Surplus.
Dividends
Rate of dividend
$995,200
36,181
1,031,381
480,271
26,910
1,288,056
517,687
31,307
366,845
507,21 L
524,170
548,994
739,062
.
Other receipts
.
.
63,514
47,733
175,000
430,000
4 cm.
Balance
3 49,170
63,574
*309,062
Of this balance $L55,000 was used for redemption of funding notes
and bonds, leaving $151,000 to be carried forward.
-(V. 45, p. 240, 820; V. 46, p. 134, 3SO.)
Milwaukee Sc Lake
Winnebago.— Owns from Neenali to
Scbleismgervillc, Wis. Built in 1882 and leased for 99 years to Wiscon¬
sin Central at 37per cent of gross earnings as
rental; but after
$175,000 per year is received the balance of net earnings is to be equally
divided. The $1,000,000 debentures were authorized to be issued as
required for improvements, and they are convertible on any coupon day
into prof, stock; the lessee pajrs interest on them till 1894.
Fret, stock,
6 per ct. cum., $780,000; coni, stock, $520,000; par of shares, $100.
Milwaukee Sc Northern—(Sec Map.)— Owns from Schwartzburg,
Wis., to Champion, 257 miles; branches—Menasha and Appleton to
Hillbert/Wis., 21 m.; Ellis June, to Menominee, 22 m; total operated,
300 miles.
Uses Chicago M. A St. Paul track, 9 miles, iuto Milwaukee.
See full statement in V. 44, p. 813.
The stock is $4,131,000. The con¬
solidated mortgage is for $3,000,COO, and $2,155,000 bonds are re¬
31*
on
pref. 7
on p.
served to retire lets of
net, $U9,573; surplus
In 1887 gross earnings were $976,137;
1880.
overcharges, $119,473. Gross earnings in 1886,
$646,226; net, $232,085. (V. 45, p. 53, 613, 672; V. 46. p. 75.)
Mine Hill A: Schuylkill Haven.—Owns from Schuylkill Haven,
Pa., to Locust Gap, Pa., with branches; 1371* miles. Road* was leased
May 12, 1864, to the Philadelphia v Reading Railroad Co. for 999 years
at a rental of $326,552 per year.
There is no debt, and regular divi¬
dends are paid. Operations are included in lessee’s returns.
Mineral Kauge.-Houghton,
Mich., to Calumet, Mich., 151*
miles; branch, Franklin Station to Franklin, 2 miles; total 17*2 miles.
Dividends had been paid from the opening of the road, until the fall
of 1887.
In 1886 gross earnings were $81,244; net, $40,522
surplus
over interest and dividends, $3,922.
In 1887, gross, $153,782; net over
expenses and taxes, $97,661. This road was under the H. S. Ives
management. The coupons of Oct. 1, 1887, and since have been passed.
Office. 96 Broadway. F. B. Loomis, President. (V. 45, p. 272, 538.)
Minneapolis A: St. Gouts.—Owns main line, Minneapolis to
Angus, Iowa, 259 miles; Pacific Division,Hopkins to Morton, 92 miles ;
Kaio Branch, 2 miles; Lake Park Branch, l1* miles; total operated, 3541*
miles. Leases trackage from Minneapolis to St. Paul over St. Paul A
No. Pacific RR.; also owns from Minneapolis to White Bear, 12 miles,
which is leased to the St. Paul A Duluth RR.
Of the bonds issued under the 1877 mort. due Juno. 1927, those num¬
bered from 1,101 to 1,400, for $500 each ($150,000 in all, in addition
to those above), were assumed by the Bur. Cedar Rapids A No. RR. The
bonds on the 15 miles were issued by the Minneapolis A Duluth Railroad
before it was absorbed by this company. Preferred stock of $8,000,000
is authorized and $4,000,000 issued; common stock, $9,000,000 author¬
ized and $6,000,000 issued; par of both $100 per share. Most of above
1st mortgage < are alse a second lien on more or less of the road.
The
Jan., 1888, coupon oil equipment bonds was not paid.
The Wis. Minn- A Pacific, Red Wing. Minn., to Eagle Lake, 84 miles, and
Morton to Watertown June., 121m., is leasedand operated by this coinp’y,
but the M. A St. L. has no obligation for the bonds.
Com. stock, $2,055,000; pref., $3,080,000. In 1836 gross earnings of Wise. Minn. A Pac.
RAILROAD
May, 1888.]
Subscribers will confer
a
explanation of column headings, Ac., see notes
on
first page
of tables.
Miles
Date
of
of
Road. Bonds
Missouri Pacific —Stock
3,226
1st M.,g.('Pac.RR.of Mo.) tobeext’d 50yrsat4 p.c.
283
283
2d mortgage (s. f. $50,000 per annum)
Real estate (depot) bonds
3d mortgage
Consol. M.. gold, for $30,000,000 (coup, or reg.)..
Collateral trust bonds, gold
c *
Carond. Br., 1st M. guar. ($1,000 reduced to $500)
Leavenworth Atcli. & N. W., 1st mort., guar
8t. Louis A Lexington, 1st mort
Ler. ACaney Yal.RR. IstM, g,gu.($10,000p m.)e*
Verdigris Vail. Independence a W., 1st M.,g., guar.
St. L.lron Mt. & So., 1st mort., coupon
do
2d M.. gold, coup., may be reg
do
Ark. Branch, 1st mort., gold, land gr"
Cairo Ark. A T., 1st, gold, cp.or reg
do
do
Cairo & Fulton. 1st, g., on road & land.,
do
Gen. consol, and laud grant M., gold. ?
do
do
supplemental, gold >
Bedalia Warsaw A Southern, 1st mort
Little Rock Junct’n, 1st & 2d M. ($ 15,000 are 2d)
Mobi'e <£• Jiirm.—1st, g.,guar. ($20,000 p. m.). ..c&r
Mobile c£ Dauphin Island—1st mort., gold
Mobile c6 Girard—2d mort., end. by Cent. Ga. RR..
3d mortg. bonds
•
Mobile (t Mont.—1st M. bonds by L. A N. RR. Co...
Bonds ($41,000 are 8s)
Mobile & Ohio—1st mortgage, gold
1st mortgage, extension,
General mortgage....
gold
Montyom. <£ Eujautu—1st, s. f., .*ri.>,ooO not d’wn.c*
Montgomery <£ Florida—1st mortga _e, gold
Monlvelier d Wells River— Stock’.
....
.
1,000
2,573,000
1,000
1,000
14,714,000
deficit
750.000
1.000
4,000.000
1,000
6,000,000
2,500,000
1,000
1,000
1,000
1,000
in
April, 1888, it was reported
April, 1888.
as
A leaseWas also made
]
,000
1.000
1.000
1,000
1,000
860.600
can
The Int. A G. N. roads had been sold in foreclosure July 31
in 1882. 26as&4212; in 1883, 1912?z>3478: in 1*84, 9^2^23%;
in i8*7,161^g3414; in 1888 to
May 18. inch, live 1^*3.
The consol, mort. 7s, due 1904-6, had a sinking fund of 1 per cent a
year, beginning in 1874. but the sinking fund ha* not been fulfilled.
The general consolidated mortgage of 1**0, with supplemental mort¬
gage in 18*6 enlarging tin* amount to be issued, is at $20,000 per mile.
Jan. 1,18*8, an analysis of the gem ral moitgnge showed: Reserved to
retire underlying bonds on old road, $L8,5:->5,0()0 sixes;
issued on
account of new ioad built or acquired, $17,9-4,000 sixes;
total sixes
;
g.
g.
g.
g.
6 g.
6 g4
6
6 g.
1.500.000
675.000
in income the lessee
g.
g.
6 A 8
1,000,006
50
g.
g.
8
10,500.000
1,000
1,000
g.
4
6
7,000,000
1.000
500 Ac.
ple dged to ihe Missouri Pacific for
ro the M. K. A T., but
abrogated in
in 18*5, 144>®371s; in lebG, 21s3:;14;
261.000
800.000
2,6-9.000
255.000
1.000
g.
g.
6 g.
1,506,000
1,000
and Oet. 14. 1879.
The I. A G. N. guarantees $2,000,000 of Galveston Houston A Hen¬
derson 1st mortgage 5 per cent bonds.
Stock ani> Bonds.—The stock has ranged as follows since 1877,
viz.: In 1878,.&®71e: in 1879,
: in 1880, 28V<2>49%; in 1881,
347e@54
1,450.000
7,333.000
10,231.000
7,507,000
338.01)0
435,000
3,0( 0,000
1.000
1,0c 0
1.000
else the Mo. Kan. A Texas
5
6
7
5
5
5
7
7
7
7
7
5
5
6
7
5
245,000
190,000*
650,000
5209 U)0
1,000
1,000
The International A Great Northern Railroad was acquired
by Mo.
Kan. & Tex. in May, 1881, by an exchange of two shares of Missouri
Kansas A Texas stock for one of International A Great Northern,
and the Int. A Gt. N. stock is held in the treasury of the M. K. A T., and
advances.
14,302,000
500 Ac
$117,754: deficit under interest $40,646. In 1885-6, gross $ I25,7i8 ;
net $97,358.
(V. 44, p. 211, 212;' V. 45, p. 768 ; V. 46, p. 75, 134.)
ITIfggoiirl Itausa* Sc Texas.—(See Map Mo. Pac.)—Line of Road
—Hannibal, Mo., to Denison, Tex., 575 miles; branches, Dallas A Green¬
ville ex eneion, 52 miles; Parsons, Kan., to Junction City, Kan.. 157
miles; Denison, Tex., to Taylor, 258 miles; Whitesboro to Henrietta,
Tex., 86 miles; Denison to Mineola, Tex.,- 103 miles; Denton, Tex., to
Dallas. Tex., 39 miles; Echo, Tex., to Belton, 7 miles;
Trinity to Ogden,
Tex., 67 miles; coal branches, 8 m.; Jefferson, Tex., to McKinney, lex.,
155 m.; Taylor Houston A Bastrop RR., 103 m. Total, Dec. 31, 1887,
1,610 miles. International A Great Northern, from Longview, Texas,
to Galveston,Texas, 282 miles (of w hich 50 miles leased from G. II. A
H.), and Palestine, Texas, to Laredo, Texas, 415 miles; branchesHouston to Columbia, 50 miles; Phelps to Huntsville, 8 miles; Miueola
to Troupe, 44 miles; leased—Round Rock to Georgetown. 10 miles;
Henderson to Overton. 16. miles; total operated 825 miles. Total mileage.
Mo. Kan. A Tex. and Int. A Great Nor. (including Gal. IIous. A Hender¬
son, 50 nfilest, Dec. 31. 1887, 1,435.
Organization, History, Ac.—The M. K. A T. Company was organized
April, 1870, and embraces by consolidation the Union Pacific Southern
Branch, the Tebo A Neosho and ot her minor companies. In 1874 the Han¬
nibal & Central Mo. was purchased. The company made default on its
consolidated bonds in Dee., 1873, and was operated by a Receiver from
Dec. 30,1874, to July 1,1876. when the Union Trust Company of New
York took possession. On Dec. 1, 1880, the company took possession
of its property, paying the overdue coupons. The company had a land
grant which has been practically closed our; also a grant iii the Indian
Territory of 3.622.400 acres subject to the extinguishment of the
Indian title. The Booncville Bridge Company is a separate organiza¬
tion, and earns interest and proportion for sinking fund.
At a meeting of stockholders May 18,1881, a lease to the Mo. Pac. for
99 years was ratified on terms following: That the lessee operate the
road and pay the obligatory mortgage interest, paying over the balance
a
8
7
6 g.
3,828,000
1,000
...
6 g.
7
800,000
500
the Illinois Central Railroad. There has been default in the payment of
interest, and at a meeting of stockholders Jan. 25, 1888. it was voted
to issue $2,500,000 of 4 p et. bonds to he used to exchange fertile 8 p. ets.,
and for improvements. Old bonds will receive inlerest to date and be
exchanged for new bonds with a bonus, the A‘s of $150 and B’s of $100.
In year ending Sept. 30. 18*7. gross earnings wore $502,800; not,
or
1*2
7.000,000
ItfisiBlKsippi Sc Teiine**ee.—Owns front Grenada, Miss., to Mem¬
phis, Tenn., loo miles. Capital stock, $825,455. A majority of stock
was sold in May, 1886. to E. II.
Hnrriman and others identified with
If there is
Rate per
When Where
Cent.
Pa j* able
Outstanding
1.000
500 Ac.
1,000
.
38
Amount
Par
Value.
against $103,150.
In 1887 gross earnings were $1,491,388; net. $428,147: deficit under
interest, $125,263. In 1886, gross earnings, $1,549,620; net, $4 i4,700.
rentals, Ac., received, $95,552; net income, $590,252; deduct rentals,
$45,6( 6, and interest, $552,slO, deficit, $8,163. (V. 44, p. 495: V'. 45,
p. 303, 856; V. 46, p. 320.)
DlinncapolfsKt. I’aul A Sanlt Ste. Ularle.—From Minneapolis
toSault bte. Mali*, Mich.. -491 miles, and branch. 4miles; from Minne¬
apolis noilhwest to Boynton, Dak., 2*0 miles; total completed. 781
miles.
In progress to Bismarck.
Connects with Canadian Pacino.
This company was formed May. 1888, (to be formally ratified by stock¬
holders in June), by a consolidation of the Minneapolis Manic St *. Mali
A Atlantic, tin* Minneapolis A Pacific, the Minneapolis A St. Croix and
the Aberdeen Bismarck A Northwestern.
(See V. 46, pp. 538, 609 )
A large bioek of the stock was sold to capitalists interested in the
Canadian Pacific, which company will thus vork with the consol¬
idated n ad. The first mortgage bonds of M. S. S. M. A A. were issued
in 1887 at $20,000 per mile, and out of the proceeds a sum was re¬
tained to pay coupons up to .Tuly, 1889. (Abstract of mortgage V. 45.
p. 243.)—(V" 45, p. 166, 179, 211, 243, 696, 856; V. 46, p. 38,53*, 609.)
resume
77
Ronds—Princi¬
INTEREST OR DIVIDENDS.
or
$228,186: net. $14,741: surplus over rental of equipment. $30,790.
From Jan. 1 to March 31 in 1*88 (3 mouths), gross earnings of the M.
& St. L. were $295,995, against $383,282 in 1887; net, $39,647,
interest,
possession of its road.
BONDS
$100 $43,974,850
18G3
1871
1872
299
1876
990
1880
1887
1513 1873
21
1870
1880
80
1886
75
1886
1867
210
310
1872
99
1870
71
1872
304
1870
5 1881
’81to’7
le80
2
18*4
150
1887
36
1887
85
1869
1877
1.79
1881
179
472
1879
55
1883
472
18*8
1879
81
45
1886
.
Size,
were
totlieMo Kan. A Texas Co.
may advance money to pay
AND
great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For
STOCKS
0
Q.-J.
r.
J.
M.
a
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
a.
pal When due.
Payable, and by
Stocks—Last
Whom.
Dividend.
N. Y., Mercantile Tr. Co. Aj r 1 16, 1888
do
do
Aug. 1, 1888
do
do
July 1, 1891
do
do
May 1, 1892
do
Nov. 1, 1906
do
do
do
Nov. 1, 1920
do
do
Jan. 1, 1917
do
do
Oct. 1, 1893
do
do
Oct, 1, 1889
do
do
Aug. 1, 1920
do
do
July 1, )926
do
do
Feb. 1, 1926
do
do
Aug. 1, 1892
New York or London.
May 1, 1897
N.Y.. Mercantile Tr. Co. June 1. 1895
do
do
June 1, 1897
do
do
Jan. 1, 1891
do
do
April 1, 1931
J.
N.
M.
N.
M.
N.
M.
S
A.
O.
A.
O.
F.
A.
J.
J.
M.
8.
F.
A.
M.
N.
J.
D.
J.
D.
J.
J.
A.
O.
A.
do
do
O.
M.
N.
do
do
do
A. A O.
do
J. A J.
N. Y.,Central Tr. Co.
M. A N.
New York Agency
J. A J. N.Y., H. B. Hollins A Co.
do
J. A D.
do
N. Y.. L. A N. Office.
M. A N.
N. Y. A Louisville.
Various
J. A D N.Y. Farmers’ L’n A Tr.
do
do
Q.—Jan
do
M. A S.
do
J. A J. N.Y.. Nat. City Bank.
M. A N.
New York.
Boston.
April 1, 1931
Mai
1,
1910
April, 1914
Jan. 1. 1937
M av 1, 1927
Jau. 1. 1*89
June 1. 1897
May 1. 1931
1830 A 1000
Dee. 1. i 927
July 1. 1 927
Sent., 19381
July 1. 1909
1926
authorized to date, $35,815,000. Fives issued for income bonds and
scrip, $9,310,000; total genl. consols, outstanding, both 5 and 6 per
cents, $27,264,000.
There has been some confusion in regard to the
number of bonds listed at the Stock Exchange and the amount actually
outstanding, since the numbers from 1 to 18,217 orlgina ly reserved to
retire prior liens, have been listed ev» r since 18*1; also the lives are
listed in the. same series of numbers with the sixes, embracing the 11 um¬
bers from
28,217 to 45.815 inclusive.
The M. K. A T. annual report for 1887, in
lowing:
1885.*
Miles of road operated Dec. 31...
1,386
Ear)iinys fi
1886.
1887.
1,3*6
1,611
$1,575,920
5,470,742
$1,654,270
5,29 J ,344
401.982
420,109
$7,366,723
5,f 00,140
$1,866,583
om —
Passengers
Freight
Mail, express and miscellaneous..
Total
V. 46, t>. 380, had the fol¬
$6,853,655 $7,451,044
4,22*.755
4.05 >.101
earnings.
Operating
$1,592.713
4.833,86J
427,682
expenses.
Net
$2,798,5.>4
$.>,2-2,800
59*1
earnings
Ratio of earnings
56*74
74*66
INCOME ACCOUNT.
$2,798,554
$1,866,583
41,874
#1,908,457
189.799
126.453
$3,349,343
$2,439,427
e
$2,483,363
*1,502,022
310,646
1887.
$3,222,890
$2,9c8,.>53
Dividends, Ac
Total net inco 1
DisbursementsInterest on bondTaxes, Centals, Ac
1886.
1885.
Receipts—
earnings
Net
$2,781,4 80
425,7*2
Total disbursements..
$2,750,073 $3,985,385 $3,207,202
Balance for year
+$238,280 —$6 6,0 • 2—$1,298,805
Of tIlia about $800.0 0 was paid to Int. A Gt. N., in settlement.
—(V. 44, p. 90, 211, 276, 36S 400, 495; V'. 45. p. 163, 292. 341. 613,
....
S20; V.46,p. 14*, 171,371, 380,413,511,521,538,543,573,609,650.)
Pacific.—(See Map.).—Line of Road—Operates main,
Louis, Mo., to Omaha, Men., 496 miles; Pleasant Hill, Mo., to
Missouri
line St.
Joplin. Mo., 133 miles; Verdigris Valley independence A Western Rail¬
way—Leroy 10 Winton, Kan., 75 miles; Leroy A Caney Valley—Roper
to Peru, Kin., 52 miles: small line-', principally in Kansas and Mis¬
souri. 517 miles: total Missouri Pacific system proper, Jan. 1, 1888,
l,*i73 miles. Also opera!es “Branch lines,” including the following—
The Council Grove O.-age City A Ottawa, 7o miles; Topeka Kalina St
We-di rn. 70 in les; Council Grove Smoky Valley A Western, 27 miles;
Colorado, 126 miles (with branch of 10 miles); Denver Mein..
We tern Div., 139 miles; and Pueblo A Stale Line, 151
niles;—which form a eominuous line from Ottawa. Kan., to Pueblo,
Col
540 miles, and have total mileage of 5*4 miles; Kansas Ft. Scott A
K
lisas
A
phis A At
,
Wichita—Ft, Scott to Kiowa, Kan., ai d blanches. 3«>4 mies; Denver,
ffemtdiis A Atlantic Fasti rn Div., Chetoka to Larned, Kan.. 272 miles:
other ln.es. 363 m.; total “Brineh lines,” Jan. 1. 1888, 1.52 i rn.; Mis¬
souri
Pacific and branch bins, Jau. 1, 1-88, 2,7c6 miles. Also the
Ceiitril Branch Union Pacific, 3*-* miles, is operated under contract,
and the ssedalia Warsaw A Southern, Sedafia to Waisaw, 42 miles, la
also operated, mak ng the total mileage op< rated Jan. 1, 1888, 3,226 m.
In addition leases or controls—St
Lmiis I on Mountain a Southern,
1,142 miles; Little Rock A Ft, Smith, 1/0 miles; MiHsoutl Kansas &
Texas, 1 611 miles; In ernat.ional A. Great No. them. 775 miles; Galvesion Houston A Henderson; 50 miles; total, 4.178 mile*.
Grand
total Missouri Pacific mileage, Jan. 1, 188*, 6,9.4 miles.
Organization. Leases, Ac.—The Pacific RR. Co. (of Missouri) was
incorporated under charter dated March 12, 1849, and road opened to
Kansas City in October. 1865. The company received a loan from the
State of Missouri. The Pacific Railroad of Mo. was sold in foreclosure
Sept. 6. 1876. The present company was a consolidation it. Aug., 1880,
embracing the Missouri Pacific and a number of minor roads.
The St. Louis Iron Mountain A Southern stock was taken up with
Mo. Pac. in May. 1881. on the basis of three shares of Mo. Pac. fo> four
shares of Iron ML. and the St. L. A Iron Mt. stock i» held by Mo. Pac.
Stock and Bonds.—Under the new regime the payment of dividends
on the present stock in 1880, in which year 1 ^2 per cent wa
Dividends since were as follows* in 1881, 6; in 1**2, 6%; in
1883 to 18*7 inclusive, 7. Range of htoek prices since, ^8*2 has been
as f l'ows: I11
18*3. *6S>lu67g; in ls8t. 63%@100; in 1885. 89^fP
111%: in 18*6. 1OO%0I19; ill 1887, 84%tfll2; in 1888 to May 18,
inch,' 70% (T'X9%.
The 1st mort. (Pac. of Mo.) bonds are to be extended for 50years at 4
p.c
The consol, mort. above is for $30,000,000—trustees John t Dillon and
was
begun
paid.
Edward D. Adams. Of the consol, bonds the balance unissued
($15,290,
000) is in the hands of trustees to redeem prior bonds as ibev tall due.
The collateral trust bonds (Union
1 rust Co. of N. Y., Trustee) are
cured
by
mortgage bonds of new railroade at $12,000 or $15,000 per
Leroy A Caney Valley Railroad, in Kansas. 30 miles, is leased
guaranteed by Missouri Pacific as also the Verdigiis Valley
Independence A Western.
Operations. Finances, Ac.—The earnings below are for the Mo. Pac.
and branches, 2.790 miles); for, not withstanding the merger of St. L. St
Iron Mt. stock and lease of Mo. Kan. A Tex the
operations of all the
roads have beer kept separate and are so reported.
The annual report or Mo. Pacific for 1*87 was published mthe Chron¬
icle, V. 46, p.307,378.
The earnings and income account have been
si
mile. Tin*
and bonus
.
as
follows:
Subscriber* will confer a great
explanation of column headings, Ac., see notes
on first page of tables.
'Morgan’s La.d Texas—Stock
1st mort., (N. O. to Morgan City)
c*
Alex. Extension, gold
Morris <& Essex—Stock, 7 p. c. guar. D. L. A W
1st mortgage, sinking fund
1st mortgage,
2d mortgage
Convertible bonds
Special real estate mortgage
i‘0'2
157
132
84
84
34
137
1878
1880
l’ooo
1,000
50
....
1864
1866
Var’us
1871
1875
500 Ac.
500 Ac.
1,000
1,000
1,000
....
Real estate terminal mort. (guar. D. L. A W)
1Nashua <£ Lowell—Stock, 9 p. e ren’l, 92 yrs, B. A M.
Bonds ($100,000 are gold 5s, J. A J., 1900)
c*
Nashville Chattanooga & St. Louis—Stock
c"
1st mort. (for $6,800,000), coup
2d mort.. gold or silver
c*
Bonds held by U. S. Government
1st M. on Fayette. A McM. brs. ($6,000 p. m )..cv
let mort. on Lebanon Branch
c*
1st M. on Jasper Br. ($90,000 are 8s, due 1906).c
1st M. on Centrevillo Branch, gold
C'
1st M. on Tracy C’ty Br. (Tenn. C. A I. RR.)....c*
1st M. on Bon Air Br., 10-30s. $20,000 p. m. ..c'
Consol. M., g. (for $20,000,000), $20,000 p.m..c
Duck River RR., 1st M., $6,000 p. m., assumed.c
2d mort., assumed
Nashville d Decatur—Stock, guar’d 6 p. c. by L. A
1st mort. guar. s. f
Xashville. Florence d ShejTield.- 1st mort., gold
N.
Colum.—lHt M.$12,500 p.m.,g. c*
Naugatuck—8t’k,10 p. c. ren’l, 99 yrs., N.Y.N.H.AII.
Natchez Jackson d
NesQuehon
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
Rate per When
Where Payable, and
of
of
Par
WTbom.
Cent.
Road. Bonds. Value. Outstanding
Payable
....
•Gen. m. & 1st on Boonton Br. Ac. (guar. D.L.AW.)
Consol, mort. (for $25,000,000) guar. D. L. A W\.
Bonds
r
-
Val— Stock,5p.c.guar.till 1904.L.C.AN.
1882
15
....
ifoob
100
....
’73-’80
650
....
25
....
340
1873
1,000
321
1881
187 L
1877
1877
’77-’3 3
1883
1887
1,000
7
1887
1,000
650
1888
1876
le81
1.000
500 Ac.
321
126
30
31
46
18
48
48
122
119
70
100
66
61
....
1,000
1,000
1,000
1.000
1,000
....
1883
1,000
100 Ac.
100
l,000Ac
50
18*5.
1886.
1887.
1,037
1,488
2,796
$2,004,578
$2,020,597
operated Dec. 31
Earnings—
Passengers
5,153,025
5,518,286
$2,845,458
8, .*37,017
785,959
1,106,127
6 g.
3^5
7
7
7
7
7
7
4^
6 A 5 g.
1
7
A
A
A
A
A
A
A
J. A
O.
J.
J.
N.
A.
J.
0.
D.
6 g.
1,900,000
2,500,000
1,250,000
2,000,000
150,000
1,400.000
M. A N.
F. A A.
Q.-J.
6
J.
A,
J.
M.
5 S6
5
F.
M.
J.
J.
M.
A 8
4
2^
Dividend.
N.Y.,S.Pac.Co.23 Broad April
do
do
■»
July
Jan.
N. Y., Del., Lack & W.
do
do
May
do
do
do
do
1918
1920
do
1,
1,
2,
1,
Aug. 1,
do
Jan. 1,
1900
do
do
1888
1914
1891
Oct., 1901
June 1, 1915
J.
J.
J.
J.
D.
J.
J.
N. Y.. Del. Lack. AW.
July 1, 1912
May 1,
Nashua, Co.’s Office.
do
do
1888
1900
New York A Nashville. Apr. 10, 1888
N.Y., Continental N.Bk. July 1, 1913
Jan. 1, 1901
do
do
do
do
June 1, 1891
Jan. 1, 1917
do
do
do
do
Oct. 1, 1917
J, A J.
6
5 g.
8
6 g.
3
7
6
6
pal, When Due
Slavics—Last
.
« S-
4
by
....
J. A
J. A
J. A
J. A
J. A
J. A
J. A
6
Bonds—Princi¬
Dec., 1884
A.
J.
J.
M
F.
J.
A.
4L}&5 J. A J.
140,000
1,000
18
"7*
1,642,557
....
1870
1887
1882
$5,000,000
5,000,000
1,477,000
15,000,000
5.000,000
2,999,000
281,000
4,991,000
7,707,000
2,795,000
2,220,000
800,000
300,000
6,668,531
6,300,000
1,000,000
500,000
750,000
300,000
461,000
376,000
600,000
130,000
1,500,(100
250,000
1,000
....
EARNINGS AND EXPENSES.
Miles
[Vol, XLVI.
favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
SUPPLEMENT.
INVESTORS’
V8
J.
do
do
do
do
do
do
1906 A 1923
Jan. 1, 1923
1892 to 1917
do
J.
1893 A
do
do
do
A J.
July 1, 1917
do
A O.
April 1, 1928
do
Jan. 1, 1896
A J.
do
A N.
do
Nov. 1, 1909
Nashville.
Dec. 6, 1887
A D.
A J. N. Y., 50 Excli. Place.
July 1, 1900
A A.
New York Agency.
Aug. 1, 1937
N. Y., Met. Tr. ( o.
A S
Sept. 1, 1912
A J. Ne w Haven, Ct., Treas. Jan. 3, 1888
A D.
do
June 1. 1913
do
A S. Pliila., 226 South 3d St. Mar. 1, 188 8
are pledged for the collateral trust bonds of that company.
In year
ending June 30, 1887, gross earnings were $1,122,463; net, $374,028;
surplus over interest and taxes, $166,183. In 1885-6, gross, $1,032,936; net, $246,011; int. and taxes, $212,643; iurplus, $33,367. (V.
46, p. 218.)
1,597,114
mobile 6c Ohio.—(See Map.)— Owns from Mobile, Ala., to Columbus
Kj\, 472 miles, and extension (by Ken. A Tenn. RR.) to Cairo, 21 m;
leases St. L. A C. RR., Cairo to St. Louis, 152 miles, and track to MillTotal earnings
$7,913,562 $8,615,020 $12,979,589 I stadt. 9 miles ; branches—Artesia, Miss, to Columbus Miss., 14 miles;
5,238,723
8,286,594 Artesia, Miss., to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen,
Operating expenses
4,338,319
Miss., 9 miles; total owned, 527 miles; total operated, 688 miles. In
1885, the gauge
changed to standard, 4 feet 8h
Net earnings.
$3,605,243 $3,406,297 $4,692,995 July, 1885, the lease of wras St. Louis a Cairo RR. (161 miles)inches. In
Dec.,
the
was taken
Batio of expenses to earnings
60‘59
54 61
63 84 for 45 years at a rental guaranteed to amount to $165,000 per year.
INCOME ACCOUNT.
A default wras made May 1, 1874, hut the company wras reorganized
without foreclosure. The stock is $10,000,000, but the holders of
Receipts—
1885.
1886.
1887.
Net earnings
$3,605,243 $3,406,297 $4,692,995 debentures have one vote for each $100, and each year they instruct the
1,360,832
3,014,262 Farmers’ L. AT. Co., trustees, howr to vote at the stockholders’ meetings
-Dividends, Ac...
792,835
upon the majority of the stock, having tills right until the extinguish¬
Total net income
$4,398,078 $4,767,129 $7,707,257 ment of said debentures. The debentures are secured by a deed of trust
it*—
of the land, about 1,143,222 acres, and receive 7 per cent, if earned.
Ynterest on bonds
$1,822,727 $1,875,470 $2,349,407 June 30. 1887, there were in the sinking fund $352,000 of the first
Dividends paid
2,098,000
2,531,770
3,008,174 debentures. The Car Trust debt is $532,000.
Kate of dividend
7
7
7
In August, 1881, 7 per cent was declared on 1st preferred incomes
Taxes, rentals, Ac
568,848
653,992
762,265 and 2 per cent on 2d incomes. In August, 1882, 2 per cent on the
first preferred incomes; in 1883, 3 per cent; in 1884,5 percent in
Total disbursements
$4,489,575 $5,061,232 $6,119,846 1885, 3 ^ per cent.
In March, 1888, a plan was proposed to create a new 4 per cent
^Balance for year
—$91,497 —$294,103 +$1,587,411
mortgage for $10,500,000, into which the debentures should be ex¬
Bt. Louis Iron Mountain & Southern.—St. Louis to Texarkana,
changed, the second, third and fourth debenture holders also paying
Texas Line, 490 miles; branch lines, Mineral Point, Mo., to Potosi, Mo., an assessment
amounting to $500,000 in cash, and stockholders paying
4 miles; Bismarck, Mo., to Belmont, Mo., 120 miles; Poplar Bluff, Mo.,
5 per cent; also to receive 30 per cent in new stock aud bonds for the
to Bird’s Point, Mo. (Cairo), 71 miles; Gurdon, Ark., to Camden, Ark., cash
payment. (See plan m V. 46, p. 289.)
34 miles; Knobel to Helena, 140 miles; Newport to Cushman, .40
Fiscal year ends June 30; the report for 1886-87 was in V. 45, n.
miles; Ncelyville to Doniphan, 20 miles; Alleuvillo to Jackson, 16 miles; 640.
Arkansas Valley Div. (formerly L. Rook. Miss. R. A Texas), 113 miles;
INCOME ACCOUNT.
Warren Brancn, 49 miles; Bald Knob to Wynne, Ark., 45 miles; total,
1895-86
1883-84.
1884-85.
1886-87.
Dec. 31,188 / ,1,142 miles.
There wen yet out Dec. 31,1887, $346,384 of old income bonds of the Total miles operated.
663
527
527
527
several D sues, and $73,000 of the Cairo & Fulton 2d mortgage bonds. Gross
12,101,025 $1,962,328 $2,431,381
$2,278,917
earnings
The Mwantile Trust Co., of New York, is trustee of the general
$547,726
$637,713
$731,450
$524,839
oonsol. faortgage. The stock is nearly all held in the treasury of the Net income
Disburse men ts—
Missouri Pacific Railway Co., having been retired in May, 1881, by the
Lit. on mort. bonds.....$171,200
$480,800
$431,600
$482,400
issue of three shares of Mo. Pac. stock for four of St. Louis A Iron
265,000
Mountain. The sales of land in Arkansas on which the Cairo A Fulton Interest on incomes..
128,863
38,636
bonds have a lien are given in the report for 1887 as 49.578 acres Rent to C. A St. L....
26,730
at $3 04 per acre. Lands in Arkansas unsold, Dec. 31, 1887, 847,270 Miscellaneous
acres; in Missouri, 108,600 acres.
Total disbursem’ts
$636,393
$520,236
$736,200
$482,400
The report for 1887 was published in the Chronicle, V. 46, p. 380,
Def. $4,750 Sur. $12,439 Sur. $27,490 Sur. $1,320
400, and the ine.j—* account was as follows: *
Balance
income account.
-(V. 45, p. 614, 640, 705; V. 46, p. 289, 449, 481, 511.)
' 1886.
Recct
1885.
1887.
Montgomery 6c Eufaula.—Montgomery to Eufaula, Ala., 80
.Net c. livings
$3,619,410 $3,443,281 $3,483,392 miles. The road was foreclosed May 1, 1879, bought by VV. M. Wadley,
‘Qtner receipts
44,741
159,800
118,502 and tlie present company organized.
Operated under contract by
Freight
Mail express
and miscellaneous
,
-
Total net income
$3,664,157
$3,603,681
$3,601,894
$2,215,304
397,522
$2,214,131
350,144
$2,358,397
1,692,052
$2,612,826
$2,504,275
$4,050,449
Disbursem en ts—
Interest on bonds
Taxes, br dge exp.,
dividends, Ac..
Total disbursements
+ $1,051,331+$1,038,806 —$448,555
—(V. 44. p. 212, 244, 313, 368, 370, 399, 621,681, 808 : V. 45, p. 240,
243, 369, 373, 538, 613. 642, 672, 727; V. 46, p. 352, (Iron Mt.) 353,
367, 378, 511, 524. 538.)
mobile 6c Ilirmingliain.-(See Map East Tenn. Ya. <£ Ga.)—
Mobile to Marion June.. Ala., on the East Tenn. Va. A Ga. road, about
150 miles, completed in Jan., 1888. Extension projected to Birmingham.
Abstract of mortgage V. 45, p. 274. (V. 44, p. 681, 701; V. 43, p. 274,
Balance for year
Y. 46, p. 320.)
mobile 6c Dauphin Island HH, 6c Harbor Co.—From Mobile
to Danpliin Island, Ala., 36 miles. This road is intended to form an out¬
let at deep water on the Gulf of Mexico for the railroads centering at
Mobile. Stock is $1,500,000. Robeit Sewell, N. Y., President.
mobile 6c Girard.—Owns from Columbus, Ga., to Troy, A!a., 84
miles.
Common stock. $985,415; preferred stock, $278,967, and $3,980
Pike Co. stock; par, $100. From June 1, 1886, road was leased to the
Central of Georgia for 99 years at a guaranteed dividend of ligper
cent per annum. The 8 per cents may be exchanged tor 6s or will be
paid off. There are $19,000 3d mort. 6 per cents, due 1897. (V. 43, p.
103,398.)
mobile 6c Montgomery-(See Map Louisville <£ Nashville) —
Owns from Montgomery, Ala., to Mobile, Ala., 180 miles.. The
Old road was, sold in foreclosure Nov. 16,1874, and purchased bv bond¬
holders. who organized this company on a stock basis. The stock is
$2,050,800, all owned by tbe Louisville A Nashville RR. Co., which
now operates it and pays dividends as earned.
The old mortgage
debt outstanding is about $230,000.
The Louisville A Nashville Co.
.has issued $2,689,000 bonds secured on this road, $2,677,000 of w hich
Cent. RR. of Georgia, and Interest paid
all owned by Central RR. of Georgia.
by the rental.
Stock is $620,000,
Florida.—Owns from Montgomery, Ala., to
towards Chattalioochie, Fla. This
formerly the Montgomery Southern road, and was foreclosed in
May, 1886, and reorganized. Stock, $1,000,000; par, $100. C. W.
Scofield, President, 44 Broadway.
Montpelier 6c Wells River.—Owns from Montpelier to Wells
River, Vt., 38 miles. Reorganized January, 1877.
D. R. Sortwell,
President, East Cambridge, Mass. Gross earnings in 1884-5, $'92,814;
net, $17,774. Gross in 1885-6, $94,747; net, $8,262. Gross iu 1886-7,
$95,112; deficit under expenses, $469. (V. 44, p. 717.)
Montgomery
6c
Live Oak, 45 miles, and in progress
was
Morgan’s Louisiana 6c Texas Railroad 6c Steamship Co.—
(See Map of So. l\ic. Co.)—The road owned is from New Orleans to Che-
neyville, 204 miles: branches, 55 m.; Cheneyyille to Alexandria (under
track agreement), 24 in.; total, 283 miles. In Feb., 1883, the stock was
sold to the South. Pac. parties, and the South. Pac. Company held (Dec. 31,
1836) $4,062,700 out of the whole stock of $5,000,000. This company’s
property consisted of seventeen iron steamships plying between New
York and New Orleans and between Gulf ports, also wharves, ware¬
houses. and terminal facilities, besides the capital stock of raiiroad and
other companies, including a majority interest in the capital stock of the
Houston A Texas Central Railway Co., Ac.
There are also $251,716 of old New Orleans Opelousas A G. W. bonds due 1889, assumed
by this company. In 1?*86 gross earnings were $1,138,525: net. $1,059,In 188.7 gross earnings were $4,642,087; net, $1,378,967. From
518.
Jan. 1 to March 31. 1888 (3 mouths), gross earnings were $1,371,440,
against $997,954 in 1887; net, $436,950, against $96,770. (V. 44, p.
344,431.)
Morris 6c Essex.—(See M*pof Del. L. & 1FJ—Owns from Hoboken, N.
J.,to Pmllipsbuig, N. J., 84 miles; branch, Denville, N. J., via Morris A
Essex Tunnel, to Hoboken, N. J., 34 in.; leased Dover to Chester, 10 m.;
Newark A Bloom. RR., 4 m.; total operated, 132 miles. In 1868 this road
was leased in perpetuity to the Del. Lack. A W. RR.
The lessees assume
all liabilities of the Mor. A Essex RR. and pay 7 per cent per annum on
Mat, 1888. J
RAILKOAD
STOCKS
AND
BONDS.
79
IN VESTORS’
80
Subscribers will coufer a great
Miles
Date
of
of
Road. Bonds
For explanation of column headings, Ac., see notes
first page
of tables.
94
5
44
Nevada Central^- 1st mort.. income (sinking fund'..
Newark <t Hudson^- 1st mortgage
c
Newark Somerset <& Strailsv., 0.—1st mortgage
Newburg Dutchess <2 Connecticut—Income bonds...
h zwburg <2 Neio York— 1st mortgage
New Castle <2 Beaver Valley—Stock
New Haven c2 Derby—1st A 2d mortgages
N, Bar. <2 Northamp —St’k,guar.99yrs.N. Y.N.H.A II.
Mortgage bonds
c*
Holyoke & W., leased, 1st Ma$200,000 guar.)...©*
Consol, sink, fund $15,000 per yr. not drawn c*
Northern Extension
Bonds convertible into stock
New Jersey Junction— 1st M., guar,
....
12
15
13
147
92
17
■
27
c*
c*
by N.Y.Cent.c&r
m
m
m
m
....
36
78
-Vein
Jersey db New York— 1st mort. (reorganization;
V J. Southern— 1st mort. (int. guar, by N.Y.A L.B.)
Long Branch A Sea Shore. 1st mort., guar
New London North'nr-Stock
2d mortgage
Consol, mortgage
e
c
($300,000 are 4s)
*
*
121
100
121
1883
1871
1869
1877
1863
G8A70
....
1869
1870
1879
1881
1886
1886
1880
1879
1869
1872
1880
”26
20
14
All.
150
m
...
c0up0
m
m
m
840
840
(
__
i
Debenture bonds (to be incl in any new M.)eAr
....
1886
1885
1877
1885
1874
1853
1873
1873
1884
250,000
800,000
1,164,500
250,000
700,000
525,000
....
1,000
500 Ac.
100
1,000
1,000
1,000
500&c.
600
$
663,618
1,559,765
Far rings—
Freight
Mail, express, rents,
Ac..
Total gross earnings
\otal operating expenses.
Net
earnings
649,737
1,435,878
148.703
155,104
1,000
9,733,333
10.000,000
in V. 45, p. 436
$
604,820
1,429.468
153,821
18S6-87
$
725.9G1
1,894.715
153,572
865,25 1
1,195,G37
1,097,712
$
662,320
206,802
106,077
Total disbursements.
Payable
Whom.
M. A S.
M. A N.
N. Y. L. E. A W. RR.
N. Y., Union Trust Co.
....
J.
A J. N. Y.,Office N.Y.L.E. AW
Q.-J.
Newcastle, Penn.
M. A N. N. Y. Nat. Citv Bank.
A. A O. N. Y., Central Trust Co.
il5
O. N. Y.,L. I. RR.,
Br’y
J. N. Y., Corbin Bank’g Co
do
do
O.
N.
London, Baring Bros.
Q.-J. N. Y., Gr. Central Depot.
M. A N.
do
do
do
J. A J
do
J. A J. New York and Loudon.
M. A S. N. Y.. Gr. Centr’l Depot.
A.
J.
A.
M.
A
A
A
A
-
earnings were $725,828; net, $246,664.
$704,336; net, $221,522. (V. 43, p. 718A
Stocks—Last
Dividend.
July 2, 1938
Sept., 1901
Nov. 1, 1889
June 1, 1977
Jan. 1, 1889
April 2, 1888
Various N. Haven, Mech. Bank.
A. A 0.
New Haven.
do
do
J. A J.
A. A O. N.Hav.,N.Tradesm’s Bk
A. A O.
do
do
do
do
A. A O.
do
do
J. A J.
F. A A.
New York Agency.
M. A N. N. Y., Mercantile Tr. Co.
J. A J. N. Y., 119 Liberty St.
do
do
J. A D.
New London, Office.
Q.-J.
J. A D. N. Y., B’k of N. America
do
J. A J.
do
1888 A
1900
Aj ril, 1888
Jan., 1899
Apr. 1’91 A’98
April, 1, 1909
April, 1911
July 1, 1896
Feb. 1, 1986
May 1, 1910
July 15, 1899
Dec.
1, 1899
April 2, 1888
July, 1892
July, 1910
Nov. 1,
Nov. 1,
1926
1915
April, 1883
Jail. 1. 1897
Oct. 1, 1935
May 1, 1904
April 16, 1888
May 1, 1893
Jan. 1, 1903
Jan. 1, 1903
Sept. 1. 1904
In 1885-86, gross,
Nesquehonlng Valley.—Owns from Nesquehoning Junction. Pa.,
17 miles; Tunnel Branch, Hauto, Pa., to Lansford
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
for 999 years to the Lehigh Coal & Navigation Co. at a lease rental of
$130,000 per annum. In Sept.. 1884. the lease was modified so as to
pay 5 per cent a year only, and the option to purchase the stock at
par and interest was suspended for 20 years, with a guarantee of 5 per
cent per annum on stock.
to Tamenend, Pa.,
Nevada Central.—Battle Mountain to Austin, 94 miles. Stock,
$750,000. Road sold in foreclosure June 21, 18s7. Reorganization
about completed. Above bo.ids are to be issued iu exchange for $750,000 old ists. N. Y. Committee. Messrs. D. B. Hatch, el at In 1887 gross
earnings were $70,816, net, $7,204; deficit under interest, $37,796.
Gross in 1886, $57,759; deficit, $2,624; deficit under interest, $47,624.
-(V. 44, p. 781; V. 45, p. 672, 743.)
Newark Sc Hudson.—Owns from Bergen Junction to Newark.
N. J., 6 miles. Leased to New York Lake Erie A Western at a rental
of $17,500 per annum, which pays interest on bonds. Cortlandt Par¬
ker, President,
Newark, N. J.
Newark Somerset
Straitsville.—Owns from Newark, O., to
was completed iu 1871. Leased to Sandusky
Mansf. A Newark for 14 years from Jan. 1, 1872. Operated by the Balt.
A Ohio, which pays 30 per cent of gross earnings, and advances any
additional amount necessary to meet the interest ou the debt. Capital
stock, common, $795,400, and preferred, $218,200.
Iu 1883-84 gross
earnings were $168,532: net, $757; loss to lessee, $19,802. In 188485, gross, $118,430: deficit. $29,102; loss to lessee, $64,631. In 188586, gross, $214,291; net. $35,208. In 1886-87, gross, $183,010; net,
Sc
Shawnee, O., 44 miles. Road
$2,575.
Newbur" Dutchess Sc Conuecticut.—Owns from Dutchess JunoN. Y., to Millertou, N. Y., 59 miles. The Dutchess A Col. RR. was sold
Aug. 5. 1876, ami this company was organized Jan. 8, 1877, by the pur¬
In addition to above incomes, there are $150,000
Iu year ending Sept. 30, 1887, gross earn¬
ings $144,726; net, $19,657; surplus over interest, $8,259. Iu 1885-86,
gross, $143,418 ; net, $28,276. Tne common stock is $500,000 and pre¬
ferred stock $587,450; par $50. John S. Sohultze, President, Mattea1st mort. 7s, due in 1907.
wan,
N. Y.
New York,—Owns from Vail’s Gate Junction to
Greenwood Junction, N. Y., 13 miles. Leased October 5, 1866, to Erie
RR., at $17,500 per annum (being interest on the bonds),and operated
Newburg Sc
by New York Lake Erie & Western.
Has
no
stock.
New Castle Sc Beaver Valley.—Owns from
’
Homewood, Pa., to
New Castle, Pa., 15 miles. Road in operation since 1860.
Leased to
Pit-tsb. Ft. W. A Chic. RR. for 99 years at a rental of 40 per cent on gross
1885-86.
18SG-87
$
865,251
$
1,195,G37
13,445
earnings.- Lease transferred to Pennsylvania Company. There is
948,064
865.251
$
58,401
45,221
1,209,082
$
709,834
266,741
119,480
ceived, $103,201
682,273
•$
675,096
11,947
1,035, *99
02,513
lessee assumed all the debt of the Nashville A Decatur Co. Silking
fund June 30, 1887, held $112,000 N. A D. and L. A N. bonds, iii
lhb5-86.j:roHS earnings. $989, lob; net. $399,670; int., taxes and divi¬
dends. $285,584: sur.. $114.0>6. In jear ending June 30, 1887, gross
earnings were $1.239 633: net, $549,196; surplus over interest, taxes
®jad guar dividt nds, $265,c29.
Nashville Florence A* Slif ffield.—Tn progress from Columbia,
Tenn., to Floiei.ee, Ala.. 70 miles. Completed over .r 0 miles, lobe
©1 eruted in connection w ith Louisville A Nash. Ollice Columbia, Tt nn.
Natchez Jackson Sc Columbus.—Owns completed road from
lfatcnez. Miss., to Jackson, Miss.. 100 miles. Stock. $2,028,850. The
alcove new ,6 per cent* mortgage at $12,500 per mile will retire all prior
llt-nsand provide for future iequirements. In 1887gross earnings were
$183,046; net over expenst s and taxes, $55,935.
Earnings for 1886,
gross, $184,325; net, *45,634. N. Y. Offict, 52 William Street.
Nang at nek.—Owns from Naugatuck Junction to Winsted, Conn.*
56*« miles: leased. Watertown & Waterbury RR.. 4^00168; total oper'
ated, 66 miles, 5 miles or N. Y. N. H. A H. being used between Namra*
tuck Junction and Bridgeport. Leased for 99 years from April 1, 1887tv N.Y. N. H.A H. at $20o,000 per year. In year ending Sept. 30,18V7»
pal, When due.
Payable, and by
^ross
now
740,674
720,317 1,096,055
207,990
144,934
113,027
-(V. 44, p. 118, 244, 370, 527, 653. 781; V. 45, p. 113, 239, 240, 369,
401, 436, 539, 672, 8-0; V. 46, p. 102, 228, 371, Oil, 600.)
Nashville Sc Decatur.—[See Map Louisville <fi Nashville.)—Owl8
from Nashvihe, Tenn., to Decatur, Ala., 122 miles.
The road was
leased May 4, 1871, to the Louisv. A Nasliv. RR. for 30 years from
July 1, 1872, at a rental of 6 per cent per annum on jthe stock. The
Balance, surplus
Where
chasing bondholders.
1385-86.
936,717
Total income
Disbursements—
Interest on debt A taxes.
Dividends
89,428,300
6,450,000
100 Ac.
1,069,640
$
936,717
7
5 g.
6 g.
1
5
7
6 g.
5
500,000
845,000
4,000,000
30,000,000
2,774,248
1,578,611
$
1,068,640
29,072
6 g-
878,000
350.000
650,000
1,000
2.188,109
1,322,858
Net Rereipls—
iffet eaimugsMiscellaneous receipts...
7
4 A 5
13,612,040
900,000
1,000.
2,240,719
1,304,002
1884-85.
1%
387,500
1,112,000
£100 Ac
100
500 Ac.
INCOME ACCOUNT.
Improvements
200.000
100
100
500 Ac.
2,372,086
1,303,446
1883-84.
6
5
5
4
6
6
7
1,500,000
1,000
EAKNINGS AND EXPENSES,
Passenger
6 & 7
260,000
1,200,000
700,000
700,000
3,00<\000
1,590,600
1,000
$2*3,480.
1884-85.
$
7
50c.
7
400.000
1,000
100
500 &c.
1,000
$2,610,675, agair.st $2,279,976 in 1886 7; net, $1,125,353, against $901,096; surplus over interest, taxes and improvements, $376,653, against
1883-84.
-
When
2^
1,300,000
1,000
1,000
$10,807,000 bonds are reserved to retire all prior bonds, and $1,500.000 bonds are issued to standard gauge the Duck River Valley RR. and
the Centreville branch; the remainder can only be issued ou vote of
the stockholdi rsfor extensions, etc.
From July 1, 1887, to Apr. 30, 1888 (lOmos.), gross earnings were
was
5
7
7 g.
6
7
2,460,000
1,000
majority of the stock ($3,385,000) is owned by the Louisville A
The report for 1886-87
Rate per
Cent.
$750,000
1,000
500 Ac.
Nashville RR. Company and pledged among the collaterals for the
trust loan of that, comnany.
Of the consolidated mortgage of 1888 (U. 8. Trust Co., trustee),
ends June 30
Outstanding
$1,000
$300,000, principal and interest, is assumed by the lessee, ami the lessor
holds the lessee’s notes for the same amount—$300,000. (V. 45, p. 143.)
Nashville Chattauooga Sc St. Louis.—(See Map of Louisville <&
iVat/lr.)—Owns from Chattanooga Tenn., to Hickman, Ky., 321 miles;
branches—Wartraoe.Teim.. to Shelby ville, Tenn., 8 m.; Bridgeport, Ala.,
to Inman, Tenn., 25 m.; proprietary lines—Nashv. to Lebanon, 30 m.;
McMinnville Branch, 61 in.: Decherdto Fayetteville, 40 in.; Centreville
Branch, 47 m.: Tracy City Branch, 20 in.; Duck River RR. (leased), 48
rn.; total operated June 30, 1887, 600 miles.
Small branches have since
teen comph ted. and tie Duck River RR bought, making 650 miles
owmd Apiil, 1888.
Fiscal year
Amount
Par
Value.
the capital stock, and they also agreed to pay 8 per cent in case the
Morris & Essex earns 10 per cent on its stock in any one year after the
year 1874. The Moms A Essex is important to the Delaware Lacka¬
wanna & Western as a route with terminal facilities on New York Har¬
bor, but the actual earnings on the road show a large annual deficit for
the lessee company after the payment of rental. The loss to lessee was
in ’80, $1,012,410; In’81, $085,890: in'82. $941,550; in ’83, $1,104,218;
in '84 about $1,100,000; in ’85 and ’86 about $900,000.
(V. 45, p. 13.)
Nashua Sc Lowell.—Owns from Lowell, Mass., to Nashua, N. H.
15 miles. On Oct. 1, 1880, a lease for 99 years to the Boston A Lowell
was made.
In 1837 lease was transferred to Boston A Maine RR. Co.,
which pays a rental of $73,OoO (9 per cent on stock). The funded debt of
A
Bonax—Princi¬
INTEREST OR DIVIDENDS.
or
100
68
New York Central <2 Hudson River—Stock
1,443
Piemium bonds (N. Y. Central) ext. 10 y’rs, '83..
H., J $30,000,000 )
mortgage
) £2,000.000 5
Size,
50
....
Newport News (2 Mississippi Vallty—Stock
New Oilcans <2 Cuff— 1st cornol. mort, gold
c*
New Orleans <2 Northeastern— Prior lien mort—c*
New York Brooklyn <2 Han. Beach- Stock, common.
Stock, preferred, 5 per cent, non-cumulative
N. Y. A Man. Beach RR.. 1st mortgage
c *
N.Y.B.&M.B., 1st consol. M., gold, guar by L,I..c*
#. F. <2 Canadar-l&t M., ster., guar. D. A H. Can. .c*
N. Y. C. &
[Vol. XLVI,
favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
on
SUPPLEMENT.
no debt.
Tn 1879. 13 per cent dividends were paid; in 1880, 13 p. c.; in 1881, 24
p. c.; in 1882.14 p. c.; in 1883, 29 p. e; in 1884, 19 p;c.; in 1885, 10 p. c.;
iu ls86 and 1887, 6 p. c.
Gross earnings in 1887, $258,003 ; rental re¬
; gross
in 1886, $207,214; rental received, $82,855.
New lla\reu A: Derby.—Owns from New Haven, Conn., to Ansonia*
Conn., 13 miles. Tu 1887 the road was sold to W. H. Starbuck in the
interest of New York A New Eng and, the purchaser assuming the
guarantee of New Haven City to the 2d mortgage bondholders. Gross
earnings iu 1886-7, $161,975; ne:, $07,931; surplus over interest and
taxes, $21,808. in 1885-86, gross, $162,678; net, $68,903. (V. 45, p. 84.)
New Haveu Sc Northampton,—Operated Irom New Haven,
Conn., to Shelburne Falls, Mass.. 100 miles; branches—Northampton to
Williamsburg, 8 miles; l-mmington Conn., to New Hartford.Conn., 14
miles; South Deerfield to Turner’s Falls, 10 miles; to Tai iff ville, Conn.,
1 mile; leased—Holyoke A Westfield RR., 14 miles; total, 147 miles,
in April, 1881, a controlling interest in the stock was sold to New York
New Haven A Hartford paities. and in June, 1»87, the road was leased
for 99 years to the N. Y. N. H. A II. at 1 per cent on stock till 1890;
then 2 per cent till 1893; then 3 per cent till April, 1896, anti 4per cent
afterward. In 1886-7, gross income, $825,232; net. $121,982; deficit,
under interest, $115,974. (V. 43, p. 132 ; V. 45, p. 13.)
New Jersey J unction.—Terminal road through Jersey City, Ho
boken and Weekawken, connecting the trunk lines terminating at those
points. Leased for 100 years Irom Juue 30, lsi8G, to the N. Y. Central
A II. R. RR. Co., which company guarantees the bonds absolutely
and
owns
the stock ($100,000) of the company.
The mortgage is for
$1,000,000. (V. 44, p. 781.)
New Jersey Sc New York,—Owns from Erie Junction, N. J., to
Stony Point, N. Y., 31 miles; Nanuet to New City, 5 miles. Leased—
Garuerville RR., 1 mile; total operated, 37 miles. The nresent com¬
pany was formed on reorganization after foreclosure in‘April, 1880.
Stock outstanding, $1,440,800 common; $787,800 preferred. Control
of road is with preferred stock and first mortgage bonds till 6 per cent
dividends have been paid on preferred stock for three years. Tnere are
also $56,000 second mortgage 5 per cent bonds due Jan. 1,1996. Gros*
earnings in 18&6, $185,406; expenses,$ 139.753 ; netearnings, $45,653;
V. L. Lary, President. (V. 43, p. 215, 597,753; V. 44, p. 62L)
Subscribers will confer a great favor
DESCRIPTION.
For
S.Y.Ohic.dk St. Louis— 1st mort, gold, sink fund..c*
If. Y. <£• Greenwood Lake.—1st Sc 2d M., income
B.'! -dk Harlem—Com. and pref. stock, 8p. c.N. Y. C..
Consol. mort., coup, or reg
If. Y. Lackawanna <£ Western.—Stock, guar.,
1st mortgage
2d mort., guar, by Del. Lack. Ac West
Hf Y. Lake Erie dk West.—Stock, common
5 p.ct.
c*
Dong
.
Dock Co., old mortgage
c
mort., coup.,gold (for $7,500,000;
do
1st consolidated mortgage, gold, $ Sc £
0*
do
do
funded coupon bonds.
N. Y. L. E. Sc W. reorg. 1st lien bonds, gold
0*
do
2d consol, mort., gold
c*
income bonds (non-cum.)
do
fund.coup.bds (redeem, at 105 Sc int.)
Collateral Tr. bonds, gold, red’hie at 110
Car trust bonds (*nly $600,000 are 6s)
N. Y. Car., trust, ’88. series A. (guar, by D. & II.)
If. F. dkL'q Branch—1st m. red. aft. ’98 at 110, guar.
JIT. r. dk Massachusetts—1st mort. (for $2,750,000)..
K.Y. dk N. England—Stock ($20,000,000 auth’rized)
Preferred stock, 7 per cent cumulative
do
Miles
of
Road.
Date
of
Bonds
513
1887
1875
40
156
132
214
200
200
....
1872
....
1880
1883
1,678
Preferred stock
1st mortgage (extended in 1867 to 1897)
2d mortgage, gold (extended in 1379)
34 mort., gold (extended 40 years at 4*2 p. ct),...
4th mort., gold, (extended in 1880 at 5 per cent)
5th M., to be extended for 40 years, at 4 p. e
Buffalo Branch Bonds
by giving immediate notice of any error discovered In these
'
....
....
....
....
....
....
....
....
....
....
•
m
m
m
....
Amount
Par
Value.
Outstanding
$1,000
1847
1879
1853
1857
1858
1861
1863
1885
1870
1878
1878
1878
1878
1885
1882
1,000
100
1,000
1,000
100
2,700,000
10,000,000
12,000,000
10,0^0,000
12,000,000
5,000.000
77,363,200
8,147,400
2,482,000
2,149,000
4,618,000
2,926,000
1,000
1,000
1,000
1,000
709,500
182,600
500 Acc.
100 See.
3,000,000
4,500,000
1,000
3 ,u00
1,000
500 Sec.
1,000
500 Acc.
300 Acc.
1,000
16.890,000
3,705,977
2,500,000
33,597,400
508,008
4,009,380
4,273.000
5,532,090
445,000
1,500,000
1,000
....
38
1888
1882
Rate per
Cent.
$20,000,000
100 Ace.
50
100
1,678
....
Size, or
...
1,000
m
471
....
*
•
*
*
New Jersey Southern.—The road extends from Port Monmouth,
Bandy Hook, to Atco, 70 miles, with branch froniEatontown to Pt. Monmoutli, 9 miles. The property was sold in foreclosure March 31,1879 (sec
Chronicle, V. 28, p. 352), and the present company was organized July
25, 1879. The capital stock is $1,590,600 pref. and $1,000,000 com., all
owned by Cent. KR. of N. J. The property is subject to a bonded debt
of $1,590,600, of which all but $112,800 is owned by the Cent. RR. of
N. J., and $200,000 on the Long Branch Ac Sea Shore Railroad. The
bonds N. J. Son. have interest guaranteed by the .New York Ac Long
Branch Railroad by endorsement of the bonds, and the Central of N. J.
agreed to assume those bonds. The road is operated as a part of the
Central N. J. system. Gross earnings in 1885 $1-8,574; net deficit,
$80,340. Gross in 1886, $481,908; deficit, $36,321. Gross in 1887,
$540,402; net, $6,917.
New London Northern.—Owns from New Loudon, Conn., to
Brattleboro, Vt., 121 miles, of which 100 miles leased to J. G. Smith and
ethers. This road has been operated since Dec. 1, 1871, under lease to
the Central Vermont Railroad; the lease was for 20 years at $150,000
510,000 and $15,000 for ending Sept. 30, 1887, gross
Ser year, per year. In year each additional $100,000 of
19,719,000
l,y50,000
100
100
earnings over
earnings were
$609,852; net, $189,246; rental and interest received, $24i,111: pail
interest, &c., $98,697; dividend (61* percent), $93,750; surplus,$48,995.
New Orleans & Gulf.—The line of the road is lrom New Or.cans
south along the Mississippi River to Bohemi *, with a branch, making
68^ miles in all completed in 1887. The bonus were offered in London,
Nov., 1886, by Messrs. Satterlhwait Ac Co. Capital stock authorized,
$300,000; issued, $240,760. (V. 43, p. 634 ; V. 45, p. 613.)
New Orleans 6c Northeastern.-Line of road from New Orleans,
Tables.
Bonds— Prrnel-
INTEREST OR DIVIDENDS.
.
explanation of column headings, Sec., see notes
on first page of tables.
81
AND BONDS
STOCKS
RAILROAD
Mat, 1888. J
4 g.
6
*2
7
1*4
When
A.
F.
J.
M.
Sc
&
Sc
Ac
0.
A.
J.
N.
Q.-J.
J. Ac J.
F. Ac A.
6
7
5 g.
M. Ac N.
M. Ac S.
Yearly.
4*2g. M.
g.
J.
J.
J.
g.
A.
M.
g.
M.
M.
J.
J.
J.
M.
g.
g.
g.
g.
S.
Ac
A. Ac O.
b
Ac
Ac
Ac
Ac
Ac
Ac
Ac
Ac
Ac
Ac
Ac
D.
J.
D.
0.
S.
S.
N.
D.
D.
D
N.
pal,When Dae.
Payable, and by
Whom.
Payable
6
5
5
7
7
7
6
7
7
6
6
6
5
6
6 Sc
5
5
Where
N. Y
Union Tr. Co.
.
Stocks—Last
Dividend.
Oct. 1.
1937
Nov. 30, 1908
paid.
N.Y., Gr. Central Depot. April 2,1888
do
do
May, 1900
N. Y. by D. L. Ac W.
April, 1888
None
Jan.
do
do
do
do
1, 1921
Aug. 1, 1923
N.Y., 19 Cortlandt St.
Jan. 15, 1884
May 1, 1897
Sept. 1, 1919
Mar. 1, 1923
Oct. 1, 1920
June 1, 1888
July 1. 1891
Juno, 1893
Oct. 1, 1935
New York and London.' Sept. 1, 1920
do
do
Sept. 1, 1920
Dec. 1, 1908
do
do
Coupon of June,’86, off. Dec. 1, 1969
June 1, 1977
Last paid Dee. 1883.
Dec. 1, 1969
Nov. 1, 1922
New York Ac London.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1888-1892
....
$63,000 p.ycar
J.
Ac D.
N. Y.,
1931
119 Liberty St.
>
.
....
3*2
M. Ac N. Bost’n
Of.,244Fed’alSt. May 1, 1888
Central stock and 85 per cent on the Hudson River stock.
1879. 250,000 shares ($25,000,0001 were sold to a syndicate of
In Nov.,
bankers
by Mr. W. H. Vanderbilt at the price of 120, and 100.000 shares sold
afterwards. In Dec., 1885, a lease of the West Shore Railway was
and the bonds of $50,000,000 at 4 per cent guaran¬
teed, by N. Y. C. Sc Hud., and $10,600,000 West Shore stock taken as
Dividends of 8 per cent per annum haa been paid
consideration.
since 1868, but in 1885 only 3^ per cent was paid, and in 1886 and
1887, 4. Prices of stock since 1878 have been: 1878, In 1033*0115; iu
1879, 112 <2139; in 1H80, 122015538; in 1881, 130*40155; in 1882,
123^2)138; in 1883,111*2 0129*8; in 1884, 83123)122: in 1885, 813*0
10714; in 1886. 9834 01173s; in 1887, 1013*011458; in 1688, to May 18,
inclusive, 102*2 0103*8.
Operations, Finances, Ace.—The New York Central Ac
Hudson
taken for 475 years
River RR. has an exceptionally rich local trallic, but the profits also
depend very much upon harmony among the trunk lines.
For the quarter and half-year ending March 31 otticial returns were
as
follows:
Quar. end. March 31.-n --October 1
1888.
earn’gs.. $8,152,796
Op. expenses. 5,802,027
Ex. to earns..
(71*16%)
Gross
Net earnings.
First charges.
$2,350,768
1,954,860
1888.
1887.
to
March 31.—.
1887.
$18,173,021
12,272,538
(67-53%)
$2,580,456
1,957,200
$17,110,607
$5,900,483
3,909,720
$8,089,351
5,508,895
(68*10%)
$6,142,962
3,914,400
10,967,644
(64-10%)
Profit
$623,256
$1,990,763
$2,228,562
$395,908
Dividend
1% 891,283 2% 1,788,566 2% 1,788,566
1% 894,283
Miss., 196 miles. Stock is $5,000,000. This road be¬
La., to Meridian,
longs to the so-called Erlanurer System,” and of the stock $4,320,600
Balance., def.$498,374
def.$271,02G
sur.$202,197
sur.439,996
and $4,900,000 of the $5,009,000 first mortgage bonds are held by the
Annual report for 1886-7 in Chronicle, V. 45, p. 854.
Ala. N. O. & Texas Paeinc Junction Co.
In 1887 gross earuitgs were
Year
Net Income, Divl$7il,782; net. $135.« 39; deficit under all charges, $2^5,214. Gross
Gross
over exp., donds,
earnings in 1886, $661,236; net, $105,611; deheit under interest, Ace., euding Passenger Freight (ton)
Sep. 30. Mileage.
Mileage.
Receipts. int.Ac rents, p. c. Surplus
$246,785. (See title of Ain. N. o. Sc T. Pac. June, in the Supplement.)
$179,024
Newport News 6c Miss. Valley.—This company was formed 1883.429,385,561 2,200,896,780 $33,770,722 $7,327,156 8
1884.387,829,886 1,970,087,115 28,148,667 4,668,759 8 *2.490,885
under the laws of Connecticut to lease and operate all the Huntington
1885.438,397,774 2,137,821.205 24,429,441 2,176,342 313*953,651
lines between Newport News, Va , and Memphis, Teun. On Jam 1., 1&88,
1886.476,128,720 2,414,266,463 30,506,362 4,650,100 4 1,072,968
the company owned $5,579,600 dies. Ohio Sc Southwestern common,
and $3,442,600 preferred stock. $1.05?,5oO Eiizabethtosvn Lexington Ac 1887.528,308,742 2,704,732,176 35,297,055 5,147,509 4 1,570,377
Deficit. In 1884-5 total deficit was $2,295,072.
Big Sandy RR. stock, $3,000,000 dies. Ac Ohio common, and $427,191
pref. stock and $1,704,500 dies. & Ohio bonds of 1918. Company -(V. 44. p. 22, 58, 212, 370; V. 45. p. 5, 26, 211, 456, 472, 696. 703.
leases the three roads mentioned, aggregating 1,040 miles, the former
792, 840, 854; V. 46, p. 38, 172, 200, 352, 610.)
for 50 years and the latter two for 250 years, agreeing to pay the ex¬
New York Chicago 6c St. Louis Railroad.—Owns from Buffalo
penses, interest and tixed charges so far as net earnings suffice, in' the N.
Y., to Illinois .State Lino, 513 miles; leases in Buffalo 1*« miles; lili
order of their priority, any surplus up to 6 per cent to be divided to
uois State I/.ue to Chicago, 9 miles; total, 523 miles.
lessor companies, and the excess retained by the lessee. Others of Co.,
The former company was organized in 1881 and became known as
No. 23 Broad at. and New Haven, Conn.-(V. 43, p. 547; V. 44, p. 90,
the “ Nickel Plate.” Sale in foreclosure took place May 19, 1887, and
344, 466, 780; V. 45, p. 211.)
the present company was formed in September, 1887.
The first pref.
New York Brooklyn 6c Manhattan Beach.—From Fresh
Pond Junction to Manhattan Beach, and branches to Bay Ridge and stock is for $5,u00.000. and has a 5 per cent prefetenoo, nou-cunmlalive, and the preferred stockl'or $11,000,000 has next preference for
Greenpoint, 20 miles. This was a consolidation Aug. 27, la85, of the N. 5
per eent, non cumulative.
The common stock is $14,000.OoO. A
Y. Bay Ridge Sc Jamaica RR., the N. Y. Sc Manhattan B. Railway Co.
and the L. I. City Sc Mam B. RR. Co. The railroads are leased for 99 sinking fund of $100,000 per year is provided when the net earnings are
$900,000 or upwards, if bonds can be bought at or below 102 ; ir not,
years from 1885 to the Long Island Rti- Co. at 35 per cent of gross the
sinking fund lapses,
for divi¬
earnings, but the renial guaranteed to be at least $95,980 m each year; dends. Like Shore Sc thus leaving $100,000 more per yearcommon,
Michigan Southern owns $0,240,000
1st consol, bonds are endorsed by L. f. RR. on application.
In year
ending Sept. 30,1887, rental received was $102,500; deficit under $ \275,0oo 2d pref. and $2,503,0- 0 1st pref. stock. See abstract of
interest, dividend (5 per cent; and miscellaneous expenses, $L,104. -iV. mortgage (Central Trust Company of New York, tiustee), V. 4 5, p. 541.
Large expend'turcH are bciur m ide from earnings for renewals. Sec.,
43. p. 125: V. 46, p. 3 .3.1
and charged to operating exp-use.-.
For six months, Oct. 1.1887, to
New fork 6c Canada.—Owns from Whitehall, N. Y., to Rouse’s
Apt ill,
Point, N. Y.t 113 miles; branches: Ticonderoga, N. Y., to Baldwin, 1880 7 1888, gross earnings were $2,728,032, against $2,460,368 in
; net earnings. $; 00,735, against $700,7o5; interest, taxes and
N. Y.,4 miles; Plattsburg, N. Y., to A usable, N. Y., 20 miles; West
rentals iu 1887-8, $±97,801; surplus over all diaries. $202,934.
Chazy to Province line, 13 miles; total operated, 150 miles. The road
For the year ending Dec. M, 1.8^7, the reports to the New York State
is leased and virtually owned by the Delaware Sc Hudson Canal Com¬
pany, which guarantees the bonds.
The stock is $4,000.000: par $100. Commissioners (V. 46, p. 200) showed: 1987.
1886.
Jn 1887 gross earnings were $828,970; net, $282,877; surplus over
Gross earnings
$1,792,352
$3,826,€08
interest, $47,081. (V. 45, p. 180, 614, 856; V. 46, p. 2. 8, 610.)
Operating expenses
3,508,388
2,552,192
New York Central 6c Hudson.—Line of Road.—Owns from
New York City to Buffalo, N. Y., 442 miles; branches on New York
Net earnings
$1,283,964
$1,274,416
Central division, 308 miles; total owned, 750 miles; lines leased-**4 4 >,631
*405,0£9
We?t Shore Rti., 426 miles, and branches, 22 miies; Troy Sc Green bush, Rentals, taxes, Ace
$8p8,d33
Surplus
$869,347
6 m.; Niagara Bridge & Canandaigua, 99 m; Spuyteii Duyvil & Port
Morris, 6 m.; N. Y. Ac Harlem, 127 in.; N. X June., 4 m ; Lake Mahopae, 7
includes $200,000 interest on bon is iu 1387, but none in 1886,
miles; total, 637 miles; grand total, 1,447 miles. The second track
D. W. Caldwi 11. Pre.-ident.
owned and leased is 882 miles; third track, 320 miles; fourth track, —(V. 44, p. 60. 118, 211, 212. 244,276,278,308,335.344, 466, 495,
299 miles; turnouts, 775 miles—making a total of 2,426 miles of track 527, 621, 653, 811: V. 4\ p. 53, 203. 240, 272, 292, 401, 425, 541, 642,
owned by the company, and 1,297 miles leased, 3,723 miles in all. 6 13, 673, 676 ; V. 46, p. 200, 480, 573, 650.)
Also operates the Dun. All. Val. Sc P. RR., 104 miles, but reported sep¬
New York 6c Greenwood Lake.—Owns from Jersey City. N. J.,
arately. The West Shore R’way was leased in Dec.. 1885, for 475 years. to Greenwood Lake, 48 miles; branches — Ringwood Junction to
Organization, Ace. -This company was formed by a consolidation
Ringwood, 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
of the New York Central and the Hudson River railroads October
miles.
This was the Montclair Railroad, opeued iu 1874. It was sold
1,1869. The New York Central was a ccusolidation of several roads and reorganized as Montclair Sc Greenwood Lake, and again sold
under a special law of April 2, 1853. The Albany Ac Schenectady Rail¬
October 12, 1878, and the present company organized. The New York
road, opened September 12, 1831, as the Mohawk & Hudson, was the
Lake Erie Sc Western purchased a controlling interest in the property
first railroad built in the State of New York. The Hudson River Rail¬
aud now operate it. The holders of the second mortgage of $1,800,000
road was chartered May 12, 1846, and road opened October, 1851.
have a right to pay off the first mortgage bonds of $900,000 at 105, and
Stock and Bonds.—The famous scrip dividend of 80 per cent on the
thus gain control of the property. The stock is $100,000.
Gross earn¬
capital stock of the New York Central was made in December, 1868.
ings in 1386. $228,169; net, $8,239 ;f pay meats, $17,895. Abram 8.
%nd on the consolidation with the Hudson River road (Nov. 1, 1869) a
Hewitt, President.
urther dividend of 27 per cent was distributed on the New York
*
*
.
..
S3
INVESTORS’
Subscribers will confer
a
SUPPLEMENT.
[VOL. XLVI,
great favor by giving immediate notice of any error discovered In these Tables.
-
DESCRIPTION.
For explanation of column headings, Ac., see note8
on
first page
of tables.
New York & New England—(Continued)—
1st mortgage ($0,000,000 are 7s)
2d mortgage ($4,002,000 are 6s)
Notes and debts for terminal property
321
321
c*
cat
....
1876
1882
Amount
Outstanding
$1,000
1,000
1882
Terminal bonds for $1,950,000
Bond #■—Prinei
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
Par
of
Road. Bends. Value.
Rate per
Cent.
When
Payable
Whom.
Dividenu.
6 A 7
J. A J. Bos., Safe Dep. A T’st Co.
$10,000,000
Jan., 1, 1905
5,000,000 3 to 5 A 6 F. A A.
Boston.
Aug. 1, 1902
4 A 5
Various
1,386,532
Boston.
Feb.7,1889-92:
....
'
New York New Haven & Hartford—Stock
-
Mortgage bonds, (for $5,000,000)
r
Harlem & Portcliester, 1st mortgage guar....c£r
do
do
2d M., coup, or reg., guar..
N. F. <£ Northern—1st mort., gold
c
2dmort., gold, (income till Dec., 1891)
c
New York Ontario db Western—Common stock
1st M., gold, for $4,000,000 (redeemable at 110)..
New York Penn. db Ohio—Prior lien.goid, $■& £...c*
1st mort., gold (no foreclosure till 1895,) $ A SL c*
2d mortgage, incomes, $ A SL
c*
3d mortgage,
incomes, $ A SL
c*
Equip, trust bonds, s. f. 3 p. c., cum. (dr’n at 100)
N. Y. Fhila. db Norfolk—1st mort.. g.. $16,500 p. m.
Income mort., non cumulative, $10,000 per mile..
N- Y. Prov. db Boston—(Stonington)—Stock
Fi rst mortgage
c*
Is t mortgage (Stonington to New London)
c*
tf.Y- dbRockaway Bcacn— 1st M.. g., enl’sed by L.I.c*
Income bonds, non-cumulative
r
N Y.Susqueh.db Western— 1st M., g., Mid. of N. J
c
Mortgage, gold, on Paterson Extension
First mort., refunding, gold (2d M. on 72 miles)..c
New 2d M. ( $1,000,060 gold). 3d M. on 72 miles..
F. Te-rcC If ex.—1st M.. g., $ or £, gu. by So. Pac.c*
NiagaraBridge db Canan'd—Stk, 6%rent.,N. Y. Cent
Norfolk Southern—1st mortgage, gold
c*
N2d mortgage, income (not cumulative)
c*J
.
.
266
123
12
12
54
54
417
320
432
432
432
432
.
112
•
•
•
•
82
50
100
1883
1873
1881
1887
1887
1884
1880
1880
1880
1880
1888
1883
1883
15,500,000
2,000,000
2,000,000
1,000,000
1,000Ac
1,000
1,000
1.000
1,000
1,000
.
•
•
500 Ac.
500 Ac.
500 Ac.
500 Ac.
£100
1,848,000
1,000,000
5,000,000
1,000.000
600,000
600,000
1,000,000
3,500,000
100
1,000
134
1887
1887
1880
1881
1887
1887
92
1882
....
73
l34
100
75
75
500 Ac.
1880
1881
1,000
250,000
1,000
1,000
3,750,000
636,000
500
100
1,442,500
1,000,000
900,000
1,000,000
1,000
1,000
<»■
6
6
7
5
5
5
6
6
£240,000
1,000
1,000
12
16
4-
14,500,000
30,000,000
1,000
1,000
•
4
5 g.
1,200,000
3,200,000
58,113,982
3,450,000
8,000.000
44,262,000
100
1869
1881
2*2
4
6 A 7
g.
gg.
g.
g.
£•
2*2
7
4
cs'
6 g.
6 g.
5 g.
Q.-J. New Haven,Co.’s Office.
J. A D. N. Y., Chem. Nat. Bank.
A. A 0.
do
do
J. AD.
do
do
A. A O. N. Y., Office, 6 Wall st.
None paid.
April 2, 1888
Juue 1,
1903
Oct., 1903
June 1, 1911
Oct. 1, 1927'
Dec. 1, 1927
A S. N.Y., Office i'8 Excli. PI Sept.
1, 1914
A 8. London and New York. March
1,1895
A J.
do
do
July 1, 1905
A N.
do
do
May 1, 1910
A N.
do
do
May, 1915
AN.
London.
May, 1,1908
A J. Pliila., Peun.RR. Office. Jan. 1, 1923
....
do
do
Oct. 1, 1933
Q—Feb. N. Y., Central Trust Co. May 10, 1888
J. A J.
do
do
Jan., 1899
A. A O.
do
do
April 1, 1901
M. & S. N.Y., Treasurer’s Office.
Sept. 1, 1927
M.
M.
J.
M.
M.
M.
J.
A.
A O.
J. A D.
J. A J.
4*2g. F. A A.
4 g. A. A 0.
3
A. A O.
6 g. M. A S.
6
Yearly.
N.
Y., Nat. Park Bank.
N.YkOilice, 15 Coitlandt
N.
Y.^Nat. Park Bank.
N.YT.Office, loCortlandt
N.Y. ,So.Pac.Co.;L>nd’u
N. Y., Cent. RR. Office.
Int. fund, till Sept., ’89
April 1, 1910
Junel, 1910
Jan. 1, 1937
Fel). 1, 1937
Apr. 1, 1912
Apr. 1, 1888
Sept, 1, 1920
Jan. 1, 1970
New York Sc Harlem.—Owns from New York City to Chatham,
COMPARATIVE STATEMENT OF PROFIT AND LOSS.
N. Y., 127 miles. From Chatham to Albany, 24 miles; the Bost. & Alb.
1884-85.
1885-86.
1886-87.
RR. is used.
This company owns the Fourth Avenue street railroad
Credits —
$
$
The property (except the horse railroad) was leased April 1,1873, tor
$
Earnings—Main line A brs.
18,934,573
22,500,048
401 years, to the N. Y. Central A Hudson River RR. at 8 per cent divi¬
24,210,359
Working expenses
.14,347,517
16,388,638
dends on the stock and the interest on the bonds.
17,390,673
The pref. stock is $1,381,500, balance common.
The Fourth ave. horse railroad was re¬
Net earnings
4,587,056
6.111,410
6,819,685
tained, and extra dividends are paid out of its receipts annually in Pavonia
286,5.88
ferries—earnings..
292,521
272,527
April. All operations are included in N. Y. Central A Hudson.
Interest on securities
455,421
424,829
401,508
New York Lackawanna & Western.—(Nee Jfojj of Del. Lack- Other credit items
260,683
229,109
266,623
& West.)— From Binghamton to Buffalo and International Bridge and
branches, 214 miles; built under the auspices of Del. Lack. & Western.
Total credits..
5,589,748
7,057,809
7,760,343
Opened Oct., 1882, and leased to Del. Lack. A West, for 99 years, with
Total debits*..
6,966,691
7,043,258
-
a
guaranty of the bonds and 5 per ceDt yearlvon the stock.
The latter,
A W. officials. Sept. 30, ’87, owed the certificates and signed by the D’
fuarantv is written across tl»e face of D. L. A W. for advances $1,169,951 j
.
New York Lake Erie Sc Western.—Link of Road.—Jersej’ City,
N. J., to Dunkirk, N. Y., 460 miles: branches—Pierment. 18 miles; New*
burg, 19 miles; Buffalo. 60 miles; Erie International RR.. 5 miles;
Rutherford to Ridgewood, 10 miles; leased—Montgomery & Erie RR.,
A Deckertown, 12 miles; Newburg A New York,
13 miles; Paterson Newark. AN. Y., 11 miles; Hawley A Ilonesdale, 24
miles; Jefferson RR., 37 miles; Buff. Brad. & Pittsburg and extension, 68
miles; Buff. N. Y. A Erie, 140 miles; Suspension Bridge A Erie Junction,
23 miles; Rochester & Genessee Valley. 18 miles; Avon Gen. A Mount
Morris, 18 miles; Pat. A Hud., 15 miles; Pat. A Ram., 15 miles; Lockport
& Buff., 15 miles; Buff. A Soutliw., 68 i dles; controlled—Newark A Hud.,
6 miles; Weehawken N.Y. A Ft. Lee, 4 miles Northern of N. J., 25 miles;
Middletown A Crawford, 11 miles; N. V.-Penn. A Ohio and branches, 573
10 miles; Goshen
miles; total operated, 1,678 miles.
On May 1, 1883, began to operate the New York Pennsylvania A Ohio
under lease; and on May 14, 1883, the Chicago A Atlantic road was
opened from Marion, Ohio (on the New York Pennsylvania A Ohio), to.
Cnicago, 268 miles, and under control of N. Y. Lake Erie A West, gave a
complete line from New York to Chicago; but in 1885, owing to dissen¬
sions, this was broken.
.
Organization, Leases, Ac.—The New York A Erie RR.
p
was
chartered
April 24, 1832, and the State of New York loaned the company $3,000,000; the road was opened to Dunkirk April 22, 1851. The company
was reorganized under the name of Erie Railway Co. June 25, 1861.
This Erie Railway was sold in foreclosure under the second consolidated
mortgage in 1878.
The present company was organized and took
possession June 1, 1878. The Long Dock Co. has stock of $800,000, all
owned by the N. Y. L. E. A W.; its property consists of lands and lands
under water, about 577 acres, with piers, buildings, Ac. The N. Y\ L. E.
A W. Coal A RR. Co. is an auxiliary corporation from which advances
of $2,039,338 are due, as per balance sheet of Sept. 30, 1887.
Stock and Bonds.—Preferred stock has a prior right to 6 percent
(non-cumulative) from the net protits, “as declared by the board of di¬
rectors,” but the U. S. Supreme Court held in 1886 that this stock has
no legal right to claim a dividend, though net
earnings are sufficient.
Prices of com. and pref. stock since June, 1878, have been as follows:
Com.—In 1878,in 1879, 21*83)49; in 18S0, 30@51*s; in 1881,
393j@5278 ; in 1882,33*i®43%; in 1883, 20V«4078; in 1884, ll*s@2838;
in 1885, 9*4'S'2778; in 1886. 22*43)38% in 1887, 24*2 33538; in 1888 to
May 18, inclusive, 22363)29*8. Pref.—In 1878, 21*s'338; in 1879. 37*2
/3>7818; in 1880, 47393*2; in 1881,80*2396*2; in 1882, 67388*4;in
1883.72383; In 1884, 20371: in 1885, 18357; in 1886, 50*2381 *2; in
1687, 59 376: in 1888 to May 18, inclusive, 53365*2.
The 1st consol, funded coupon bonds are secured by lien of consoli¬
dated mortgage. O11 the second consolidated mortgage (Farmers’ Loan
A Trust Co., trustee), no foreclosure can take p’ace till six successive
coupons are in default, but all of one coupon must be paid before any
part of a subsequent coupon is paid. In 1883 the collateral trust bonds
were issued (the J. 8. Trust Co. trustee; see V. 38,
p. 509), and redeem¬
able at 110 on three months’ notice. The 2d consol, funded
coupon bonds
of 1885 were issued to fund three past due coupons and the
coupon of
June, 1886, and the coupons are deposited as security. These bonds are
redeemable at any time at 105 and accrued interest. The Long Dock
mort. for $7,500,000 was issued in 1885 ($3,000,000 being
reserved to
meet the old bonds), and the bonds are payable at 110 fromlaud sales.
Operations, Finances, Ac.—The income account for several years
showed a considerable surplus over fixed charges, but in 1883-84 the
Income fell off largely, and there was a deficit below interest, and three
coupons, June, 1884, to June, ’85, on the 2d consol.bonds, were passed.
From October 1, 1887, to Mar. 31, 1888 (6 months),
gross earnings
were $13,241,936, against $12,820,674 in ls86-7; net, after
deducting
proportions due leased lines, $3,311,607, against $3,372,390.
The annual report for year ending Sept. 30,
1887, was published in
the Chronicle, V. 45, p. 740. The earnings include all the leased lines:
1884-5.
Total gross earnings
Proport’n paid leased lines.
Leaving as gross revenue...
Operating expenses
Net earnings
Per centof op. expenses...
-
pal,When Due.
Where Payable, and by Stocks—Last
1885-6.
18S6-7.
$
20,833,085
$
24,756.066
1,898,512
2,256,019
26,567,859
18,934,573
14,347,516
22,500,048
16,388,638
24,210,358
17,390,673
4,587,056
68 ‘ 8689
6.111,403
6-2005
6,819.685
_$
2,357,501
65*4575
7,158,544
Balance
df.
1,376,943
•sur.
14,611
601,799
paid or not.
-(V. 44, p. 22, 90, 149, 212, 308, 369, 401, 466, 551,602, 681; V. 45,
p. 26, 143, 211, 212, 305, 437,722,740,743;
V.46,p.228,371,538,650.)
*
Allowing for full interest
on
sur.
2d consol, bonds, whether
New York Sc Long Branch.—This
company was formed in 18S1
by consolidation or several roads extending from Perth Amboy to
miles. It i» operated .jointly by Cent. N. J. and Penn.
Bay Head, 38
RRs., at a guar, ren’l of $221,000 per annum. The Cent. RR.of New Jer¬
sey owns till of the stock, and under the reorganization $1,500,000 isheld as secuiity for the new mortgage. The bonds are
redeemable after
June 1,1899, at 110, and are guaranteed (endorsed),
principal and inter¬
est. by Cent. New Jersey.
In 1887 gross earnings were $652,039; net.
$96,570.- (V. 46 p. 172, 255.)
New York Sc Massachusetts.—Owns from
Poughkeepsie to
Boston Corners, 40 miies, and projected to
Chicopee, Mass. This road
embraces the former Poughkeepsie Hartford A Boston,
foreclosed in
1886, tmd is to be ext ended as a connection for the Poughkeepsie
Bridge. The bonds have not yet been issued.
Stock authorized.
$2,500,000; par, $100; issued, $1,0 L4,000. G. P. Pelton,
President,
Poughkeepsie, N. Y\
New York Sc New England.—The
mileage owned is as fol¬
lows: Boston to Hopewell Junction, 215 miles;
Wicopee to Newburg, 3
miles ; Providence to Willimantic, 59 miles ;
branches—Newton, Mass.*,
to Woonsocket, R. I., 28 miles; East Thompson,
Conn., to Southbridge, Mass., 17 miles; East Hartford to Springfield, 27 miles; other
small branches, 12 miles; total owned, 361 miles.
Leased—Franklin to
Valley Falls, 14 miles; Vernon to Rockville, 4 miles; B. A A. RR., 1
mile; Norwich A Worcester RR., 67miles; total leased, 86 miles; also
has running arrangements over 24 miles more. Total, 471
miles. Con¬
trols Norwich A N. Y. Steamer line.
The former Boston Hartford A Erie Railroad became insolvent
and
.
was
succeeded by this company, formed in 1873. In 1878-79 tiie
company
acquired the Hartford Prov. A Fishkill RR. Trustees of 1st mort. are
Boston Safe Deposit A Trust Co.; of 2d mort., W. T. Hart. E. C.
Fitz, and
F. J. Kingsberry. Terminal bonds to fund the terminal
indebtedness
were
authorized in Dec., 1887.
On
January 1, 1884, Mr. C. P. Clark, the President, was appointed the
receiver, and so remained till Jan. 1, 1886, when the road was returned
to its owners.
For the car trust bonds 2d
mortg. bonds were issued,
bearing 3
per cent to Feb. 1890, 5 per cent to Feb, 1892 and 6 for bal¬
term.
Range in common stock prices since 1882 has been: Tn
1833,
ance of
17*2®
52*4; lu 1884, 8o>17L>; in 1885, 12L>2>39%; in 1886, 30L2a>6838; in
887, 3434®66; in 1888 to May 18, inclusive, 29*e®46.
From Oct. l, 1887, to Mar. 31, 1883 (6
months), gross earnings were
$2,501,137, agst. $2,414,953 in 1886-7; net $780,90A agst. $851,326.
Annual report for year
ending Sept. 30, 1887, in V. 45, p. 704.
Operations, Ac., for four years past were:
INCOME ACCOUNT.
Rccci))ts—
Gross earnings
Net earnings
Other receipts
Total income
Disbursements—
Rentals paid
Interest on bonds*...
Int. on floating debt.
Int.011 car tr’st s A mis.
7 per cent dividend..
Tot’ldisb’ments.
Balance
1883-84.
$
1884-85.
$
3,337,901 :3,288,946
396,276
987,231
31,846
428,122
$
88,903
916,273
10,113
82,108
23,473
1,010.704
$
130,132
933,221
28,769
32,041
1885-86.
$
3,863,994
1,124,163
$
4,217,917
1,243,389
"35,411
1,233,603
1,278,800
$
66,235
964,629
94,269
1,299,371
$
9,507
8,543
135,975
133.000
1,097,397
1886-87
1,267,640
65,768
66,636
96R077
1,172,231
def. 669,275 def. 113,459 sur. Il,160sur.l27,140
*Includ. int. on cost of Boston Term, lands and full interest on bonds.
-(V. 44, p. 22,149, 185, 276, 308, 344, 525, 551, 682; V. 45, p. 614,
673, 704, 768, 820; V. 46, p. 171, 320, 538.)
New York New Haven Sc Hartford.—Owns from Harlem JuncN. Yr., to Springfield, Mass., 123 miles; branches to New
Britain, Middle-
town andSutlield, 18 miles, leased—Harlem A Portcliester
RR., 12 miles :
Shore Line RR., 51 miles; Boston A New York Air Line and
branch, 54
miles; Stamford A New Canaan Road, 8 miles—total operated, 266
miles. This was a consolidation July 24, 1872, of the New York A New
RAILROAD
May, 1888.]
STOCKS
9
Subscribers will confer a
great favoi by giving
DESCRIPTION.
Miles
explanation of column headings, Ac., see
on
first page
of tables.
of
notes
(for $11,000,000)
I
554
554
428
127
533
533
115
c*
Conv’ble debent’res (red’ble on 30 days’ notice).e*
Norfolk A Petersburg—2d mort
c
South Side—1st pref. con. M.(ext. in '95-’80-’Sf?).c
do
2d
do
guar. Petersb’rg.e
do
3d
do
....c
1881
1882
1883
1884
1887
Var’s
1884
1808
1808
1868
1808
1854
1806
214
214
223
223
223
76
300
100
100
1.000
1,000
1,000
1,000
1,000
500
1,000
1,000
100 Ac.
100 Ac.
1,000
500
’67-’68
1881
•
....
50
500 Ac.
1881
50
500
102
1809
102
1809
500
149
1883
1877
1,000
1,000
47
1878
1.000
The company leases the Harlem River A Port
large rent therefor.
Chester Rairoad, and guarantees the bonds. In July, 18*7, the New
Canaan road, the Naugatuck, the New Haven A Northampton and the
Hartford A Connecticut Valley weTe leased for 99 years.
From Sept. 30,1887, to Mar. 31, 1*8$, 0 mos., gross earnings were !
$4,000,909, against $3,024,6V9; net $1,452,409, against $1,298,278 ;
j
surplus over fixed charges $714,518, against $878,304.
Animal report for 1880-&7 was in V. 45, p.
$
1884-85.,
$
1885 80.
$
1S8G 87.
$
0,887,259
6,895,824
4,419,288
7,001,940
4,775,820
7,890.209
2,232,215
Total gross earn’gs
Oper, expen. A taxes.
Net earnings
Disbursements—
Rentals paid
Interest on debt
2,440,530
2,820,120
4,055,044
422,992
250.052
425,609
250,000
442,870
250,000
5.434,288
2,455,921
075,608
692,870
2,133,250
1,550,000
Balance
220,808
to
to
$484,380, against
211,
856;
N. Y.,
miles;
Ellenville,8 miles; total owned, 320 miles; leases I
Ontario Sc Western.—Owns from Oswego,
Cornwall, N. Y., 273 miles; branches to New Berlin, 22
Delhi, 17 miles; to
Randallsville to Utica, 32 miles, and Clinton to Rome, 12 miles. By contract has right ove r West Shore RR. from Cornwall to Weehawken. 53
!
July, 1871.
closure
New York Pennsylvania Sc Oliio.—Owns from Salamanca,
N. Y., to Dayton, O., 388 miles; branches—to Oil City, 34 miles;
other branches, 9 miles; total owned, 431 miles.
Leased lines—
Cleve.A Mahon. RR.,81 m.; Niles A New,Lisbon RR., 36 iu.; other small
branches, 27 m.; total operated, 575 miles. Changed to standard gauge
Formerly Atlantic A Great Western Railway
June, 1880.
1, 1871, and leased to Erie on May 1,1874, but lease not carried out.
Sold'July
Again sold Jan. 0, 1880, and reorganized by a London committee
of stock and bond holders. (See V. 30. p. 143.)
Five trustees exercise the voting power of the new stock until the third
mort. bondholders receive 7 per cent interest in cash during three years.
The first mortgage bonds bear 7 per cent, whatever portion of this that
may not he earned to he payable in deferred warrants, to be capitalized
tn bonds of the same class; payment of interest to become absolute not
later than July 1, 1895, and until July 1, 1895, the right to foreclose
the mortgage is suspended. On the second and third mortgages there
is no right to sue the company or to foreclose. Stock is- pref. $10,000,000; com., $34,999,350; par 100; the deferred warrants Sept. 30, '87,
were $6,859,304.
Bonds above are also secured on leasehold estates,
A lease toN.Y. Lake Erie A Western from May 1,1883, was moaified from April 1, 1887. The rental is 32 per cent of all gross earnings
•up to $6,000,000, and increased by 1-10 of 1 per cent on each $100,-
(V. 46, p. 228.)
Boston.—Owns from Providence, R.
a
li
aionty
in
interest
sold in foreclosure Feb. 21.1880, and
organized. The New York Susquehanna
in June, 1881, of the Midland of New
Stock common is $13,000,000; preferred
miles. In May, 1880,
$727,120, against $013,047 in 1880-87; net, $02,7oo, against $50,131.
In the year ending Sept. 30,18*0, gross earnings were $1,492,851;
net, $221,999. In 1980-87 gross, $1,480,504; net, $245,609; surplus
over interest, Ac., $72,810.
See annual report in V. 45, p. 818.
—(V. 44. p. 212, 270, 308, 434, 451, 654,713; V. 45, p. 26, 143, 240.
272, 437, 673, 792, 818; V. 46, p. 75, 255, 010.)
Delmar,
157 miles.
The New Jersey Midland was
the Midland oi New Jersey was
A Western was a consolidation
miles by payment of trackage; total operated, 417
made an agreement with the D. A II. Canal Co. for operation of the
U. C. A Bing, and the Rome A Clin, roads for 30 years on a percentage
basis.
This was the New York A Oswego Midland. Main line was opened
Default was made in 1873. The main line was sold in fore¬
Nov. 14, 1879.
Present company organized January 22, 1880.
Of the $4,000,000 of 0 per cent first mortgage bonds $2,000,000 were
used to retire the pref. stock. An important agreement witaNewYoik
Central «v Hudson was made in 1888. (V. 40, p. 75.)
From Oct. 1. 1887, to March 31, 1889 (0 mos.), gross earnings were
Plilladelplita Sc Norfolk.—Operates from
the Providence A Htonington
of $1,400,000. In Feb., 1888,
provide means for bridging the
Thames. In year ending Sept, 30, 1887. gross earnings were $1,276,
798; net, $408,358; add SS. dividends, $120,735. In 1885-80, gross,
$1,237,120; net, $376.073.-(V. 45, p. 819. 820; V. 40, p. 134, 5/3.)
NeAV York Sc Rockaway Beacli.—Owns from Glendale Junction
to Rockaway Beach. 1034 miles; leases trackage—Glendale Junction to
Long Island City, O1^ miles; Fresh Pond to Bushwick. 29a miles; Woodhaven to Brooklyn, 6 9j miles; total operated, 26 ^ miles.
i’he stock is
$1,000,000. Controlled by L. I. RR. Co., whose endoisement is printed
on first mortgage bonds.
Foreclosure sale of the N. Y. Woodhaven A
Roenaway road was made in June, 1887, and this compan., oiganized.
—(V. 44, p. 713; V. 45, p. 13, 341 ; V. 45, p. 572, 850).
New York Susquehanna Sc Western.—Jersey City, N. J., to
Gra\ el Place, Penn., 101 miles; Two Bridges, N. J.. to Unionville.N. Y.,
21 miles; other branches, 12 miles; leased—Unionville, N. Y., to Middletown, N. Y., 14m.; Penn. RR. trackage, 3m.; small branches, 0m.; total,
Owns
449.
New York
York
Steamship Line, which has a capital
$1,000,000 new stock was issued t>
$523,351 in 1880; net, $05,731, against $111,076.
(V. 44. p. 90,
235, 370, 499, 580,752; V. 45, p. 135,172, 240, 272, 512, 643, 820,
V. 46. p.
net, $547,861, against $535,408 ;
I., toGroton, Conn., 02 miles; Warwick RR., 10 miles; Pontiac branch,
4 9a miles; operates also Pawtuxet branch roads, 59s mile,s; total oper¬
ated, 82 miles . In Mav, 1888, took a lease of the Providence A Worces¬
ter Railroad for 99 years at 10 per cent per anuum on the stock.
New York: Sc Northern.— Owns from 155th Street and 8tb
Avenue, New York City (connecting with Metropolitan Elevated), to
Brewsters, N. Y., and branch, 54 miles; also double track branch from
Van Cortlardt to Yonkers, 4 mil s; total, 58 miles.
The former N. Y.
City A Not tin rn was sold in foreclosure Aug. 17, ’87, and this company
was organized with common stock of $3,0u0,000 and pref. 5 per cent
stock of $0,000,000. 'lhe following directors were elected: A. Baylis,
D. E. H. Bonner, H. F. Dimoek, .1. B. Erhardt, G. .T. Forrest, W. H. Hol¬
lister, A. Lichenstein, J. J. McCook, A. Marcus, W. Mertens, R. Randall,
G. W. Smith and G. L. Stone. Joel B. Erhardt, President.
Trustee of 1st mortg. is Central Trust Co.; of 2d moitg., Farmers’
Sept. 30,1887, gross earnings were
•
York Providence A:
New
(V. 44, p.
790; V. 40, p. 289, 050.)
Loan A Trust Co.
For year ending
fund, till Oct., 1889 Oct. 1, 1921
Yearly. N.Y., Mercantile Tr. Co. 1920 A 1921
....
Philadelphia.
583,250
203,893
58, 212, 495, 580, 653, 681, 782; V. 45, p. 53, 84, 240, 673
9.171
3^ to 6
Jan. 15,1884
22,000,000 39s scrip.
May 1, 1931
0 g. M. A N. N.Y’.Ccnt. Tr. Co.APhil.
0,912,000
do
do
April 1, 1932
6 g. A. A O.
2,000.000
Feb. 1, 1934
do
do
6 g. F. A A.
4,100,000
Dec. 1, 1924
do
do
7 g.
1,500,000
Q.-M.
June 1, 1957
do
do
5 g. M. A 8.
2,500.000
Various.
do
do
M’nthly
1,103,520
Jan. 15, 1894
J. A J.
6
Philadelphia Office.
525,000
J. A J. N. Y.Cen. Tr.Co. A Phil. July 1, 1893
8
490,000
1889 to 1900
do
do
503,000 5, 6 A 8 j J. A J.
1899 to 1900
do
do
J. A J.
5 A 6
395,300
Jan.1,’96-1900
do
do
J. A J.
6
452,800
June 30, 1900
do
do
5
J. A J.
985,000
Mch. 1, 1900
do
do
J. A J.
8
1,000,000
Mar. 1, 1888
3
M. A 8.
Burlington, N. C.
3,000,000
Mar. 1, 1888
do
do
M. A 8.
3
1,000,000
do
do
Nov., 1888
M. A N.
8
210,000
Nov. 1, 1901
6 S- M. A N.
1,090,000
Jan. 2, 1889
150.000
O.g. J. A J.
2
Q.-F. Phila.O., 240 So. 3d st May 25, 1888
4,556,550
do
do
May 1, 1890
7
M. A N.
1,500,000
Jan. 1, 1903
do
do
J. A J.
7
4,499,500
do
do
Sept. 1, 1905
M. A S.
6
1,143,000
Jan. 1, 1887
O
900,000
M. A S.
Sept. 1, 1899
Charleston, Office.
8
820,000
do
do
8ept. 1, 1899
M. A S.
8
322.000
0 g. J. A J. N. Y., John Patou A Co. Jan. 1, 1933
094,000
Jan. 1, 1907
6 g. T. A J. N. Y., Southern Pac. Co.
3,904,000
do
do
April 1, 1908
6 g. A. A O.
1.023,000
New
1,753,893
1,550,000
1,550,000
Dividend.
Del., to Cape Charles, Va., 95 miles, and King’s Creek, Md., to Crisfleld,
17 miles; total, 112 miles. Successor of the Peninsula RR. Co. of Va.,
Jan. 1, 1884, purchased the Eastern Shore (Md.) RR., Delmar to Crisfield, 38 miles. Capital stock, $1,714,375; par, $100. Gross earnings
in 1880 were $425,906; net, $01,118; deb it uuder all interest, $78,Gross iu 1887, $503,150; net, $93,007.
063.
A. J. Cassatt, Pres.,
702,028
1,770,868
1,550,000
Stocks—Last
A. A O. Int.
6
$563,083, against $548,334 in 1880;
250,000
073,044
Dividends paid,10 p.c.
Payable, and by
Whom.
surplus over charges, $220,895, against *200,067.
Earnings for year ending Sept. 30, 1896, $0,101,107; net, $2,011,522;
j rental to N. Y. P. A O., $2,001,401; surplus of N. Y. P. A O. after all pay! meats, $9,870. In 1880-87. gross, $0,365,127; net, $2,155,120; rental
N. Y. to P A O., $2,030,841; Surplus of N. Y. P A O. after all pay¬
(V. 44, p. 342, 370: V. 45, p. 84, 143, 211, 014, 673; V.
ments, $5,370.
40, p. 201, 320, 480.)
452,028
1,559,171
Total
Surplus
Payable
100 of gross earnings above $6,000,000 until the gross earnings are
$7,250,000, and then 33 per cent of all earnings. But if 32 per cent
of the gross earnings should ever be less than a specified minimum sum
of $1,757,055 to be paid yearly, then the deficit is to he made up without
i nterest out of the excess in any subsequent year. Out of the rental paid,
the N. Y. P. A O. has to pay its interest and rentals, and $331,746 oar
trusts. See V. 45, p. 211, 014.
From Oct. 1 to Dec. 31 in 1887 (3 months), gross earnings were
Hartford A New Haven railroads. The company uses
RR. from Williamshridge into N. Y. City and pays a-
the N. Y. A Har.
1883-84.
When
Cent.
o
i’4’0
mortgage
c
2d mortgage
c
Consol, mort., gold (for $1,830,000)
cj
Northern (Cal.)—1st mortgage ($0,300,000), gold;.
San Pablo A Tulare—1st ($3,750,000;, s. fd. 1 p.e.j
ends Sept. 30.
Where
Rate per
.
1,000
100
100
88
56
r
$250,000
345,000
7,000,000
$1,000
1883
1st
Fiscal year
790.
Amount
Outstanding
Value.
....
81
133
133
133
Virginia A Tenn.—Enlarged m. (extend’d in ’84).. c
do
do
4th mortgage
No.Cai'olina—Stock, com., G 96 till 1901. Rich. A D.
Pref. stock—6 p. c. rental till 1901.
Rich. A D..
Mortgage bonds
North Pacific Coast—1st and 2d M. (1st M. sink, fd.)
1st mort. North Pacific Coast Extension Co
No. Penn- -Stock, 8 °6 guar. 990 yrs., Phil. A Read.
Haven and the
pal,When Due.
j
Car trust
bonds
$1,200,000 stock
Northeastern (S. C.)—Stock
Bonds—Princl *
INTEREST OR DIVIDENDS.
or.
ouc:, ui
Par
1881
1884
div
c*
($8,000,000 author’d).c*
Adjustment mort., gd (red’ble after ’94 at 110).c*
1st M. Clinch Valley Div., gold;($15,000 p. m,).c*
2a mortgage
General mortgage
Bonds secured by
C?r,rt
of
Road. Bonds
Norfolk Southern— (Continued)—
2d mortgage debenture
c*
Funded lut. bonds ($270,000 secured by coup’s)c*
Norfolk te Western.—Common stock
Preferred (6 per cent) stock
General mortgage, gold
1st M., gold, on New Riv.
Improv. & Ext. m.,gold,
Date
discovered in these Tables.
immediate notice of any error
-
For
83
BONDS
AND
!
Jersey and other railroads.
(cumulative 0 per cent), $8,000,000; par, $L00. The New Jersey Mid¬
land junior securities were exchangeable into stock of this company
on certain terms, and the exchanges up to Jan. 1, 1888, left $1,442,940
oi the old stock, income bonds and scrip not yet exchanged.
Iu Dee., 1880, new 5 per et. bonds were ofiVred foi the first mort.
bonds and coupon scrip, and the exchange was generally accepted by
bondholders, though some few held out.
Annual report for 1887 was iu V. 40, p. 198, 250. Income account
has been as follows:
18S4.
188*.
1887.
1885.
$
$
$
$
Receipts—
1,034,208 1,092,355 1,129,411 1,395,185
Total
gross earnings
Net, earnings
Ollier income
Total net income
Disbursements—
Interest
Rentals
Car t. ust obligations
Total disbursements.
Balance
416,521
474,835
457,286
44,023
597,592
416,521
474,835
501,309
G24.751
411,000
25,000
*322.095
443,661
20,495
83,192
92,352
*327," 05
2i *,500
155,919
519,192
439,447
25,' 00
df. 102,671 sur.
35,388
27,159
470,156
513,184
ll,875Hur.l54,595
df.
>
Half interest only paid on N. Y. Sus A W. firsts and debentures.
-(V. 44. p. 22. 149, 308, 619, 752; V. 45, p. 143, 211, 500;
p.
134, 19S, 256.)
New York Texas Sc Mexican.-Line projected from Rosenberg
Junction, Texas, to Brownsville, 350 miles. Completed Rosenberg
Victoria, 92 miles. Stock, $043,040. There arc also $75,500 6s yet
outstanding. In September, 1885, sold to So. Devel. Co and is oper¬
ated by the So. Pacific Co., which guarantees the 4 p« r cent
From Jan. 1 to March 31, in 18fe8 (3 months), gross earn’#. * were $23,437, against $31,879 in 1887; deficit, $18,508. against $-,130
In
gro-s. earnings were $159,858; net, $9,006.
In 1887 gios*,
net $22,107.
(V. 43, p. 133, 103; V. 44, p. 335, 344. V p. 4a,
V. 46,
to
bonds.
1886
$170,526;
458.KdflCfc
INVESTOR’
SUPLEMNT.
[Vol.
xlvi.
RAILROAD
May, 1888. J
Subscribers will confer
a
explanation of column headings, Ac.,
on first page of tables.
see notes
Miles
Date
of
of
Road. Bonds
Northern. N. H.— Stock
Northern Central—Stock
1st mortgage, State (Maryland) loan
2d m< rt 'age
Consolidated mortgage, gold
83
361
138
138
138
138
138
e*
„
c
r
Consolidated mortgage, gold
Cons. gen. M.,g., s.f., d’wn at 100, £ or $ A A B..c
do
do
do
gold, SCAD
c
gold, E
c
2d gen. M., “A,” (sinking I’d $30,000 after ’87)c*
do
....
do
do
“ B ”
138
138
9
9
21
21
c*
Union RR.,1st (ass’d) $117,000 end by Bait City.c*
do
2d mortgage (assumed) $ or £
c
Northern of New Jersey— 1st mortgage, extended
3d mortgage (tor$700,000)
Northern Pacific— Pref. stoek(8 p. c., not cum’tive). 3,103
Common stock
3,103
1st M. and Id gr., Missouri Div., di’n. at par..c*«fer
205
1st M and Id gr., P. d’Or. Div., dr’n at par. c \fcr
225
Cons IstM Id gr ,g., $25,000 p.m., dr. atll0.c*Ar 2,134
d
2d m., gold, land grant
All
c*&r
Gen
M sink, f’d, gold (for $12,000,000)..c^Ar
All
Dividend certificates
Jas. Kiv. Val. RR. 1st M.. gold, guar., a. f
64
c*
73
Spokane A Palouse, 1st M., gold, guar., a. f
c*
Duluth A Manitoba, 1st M., gold, guar., s. f
110
c*
do
do
Dakota ex.. 1stM.,g., guar., s.f.
97
Helena A Red Mountain, 1st M., £d., guar., 8. f..c*
16
Helena Boul. Val. A Butte, 1st M., gd., gu., s. f.c*
30
•
Drummond A Pbilipslmrg, 1st M., gd., gu., s. f.c*
Helena A Northern, 1st M., gold, guar., s. f
c*
Missoula A Bitter R. V., 1st rnort, g,, guar., s.f.c*
No. Pne. La Moure A Mo. R.. 1st M..g.,guar.,s.f.c*
25-8
121*3
....
21
Size,
Outstanding
$100
7,150,000
1,500,000
1,126,000
2,599,000
205,000
....
....
....
1865
1868
1868
1874-5
1876-7
1885
1876
1876
500 Ac.
1,000
1,000
1,000
’67-’70 500 Ac.
1873
1,000
1878
100 Ac.
1887
100 Ac.
100
100
1879
500 Ac.
1879
1,000
1881 1,000Ac
1883 1,000Ac
1887
1,000
1883
500 Ac.
1886
1,000
1886
1,000
1886
1,000
1887
1.000
1887
1,000
1*87
1,000
1887
1,000
1887
1.000
1887
1,000
1*87
1,000
....
10@18; in 1881, 10®12*2; in 1885. 8®137s; in 1886, 8®27*4: in 1887,
13®23:1e; in 1888, to Mav 18, icclusive. 15*8Preferred—In
1883, 32®49:*s; in 1884. 17®42; in 1SS5, l
in 1886. 25®59-%;
in 1887, 3412®5578; in 1888, to May 18, inclusive, 411*2®49V.
From Jan. 1 to March 31 in 1*88 (3 months), gross earnings were
$1,147,911, against $901,107 in 1887 ; net, $471,284, against $364,472;
over charges
The animal report
$208,083, against $83,039.
for 1887 was published in the Chronicle, V. 46,
The earnings and expenses for four years were:
1885.
Freight
Mail, express, Ac....
521.192
2,025,087
164,875
$
458,445
2,138,120
174,5c 5
Passenger
$
1886.
$
480,231
1887.
$
174,998
685,2' 7
3,405,220
164,317
2,590,827
Total gross earn’s.
2,711,154
2,771,120
3,252,056
4,254.794
Operating expenses.
1,516.858
1,649,291
1,960,910
2,483,780
Net earnings
P.c. of op. ex. to earn
1,194,296
55-9
1,121,829
60*0
1,291.146
60 29
1,771,014
58 38
1886.
1887.
INCOME ACCOUNT.
1884.
Net income
Disbursements—
Inter, on bonds, Ac..
Miscellaneous
188?
$
1,194,296
$
$
1,121,829
1,291,146
1,771,014
953,436
1,139,991
1,184.547
1,237,134
7.8*9
^
'
55,699
9,239
Total disbursem’ts.
953,436
1,195,690
1,193,786
1,244,983
Balance for year
sur.240,860 def. 73,861 sur. 131,663 sur. 635.528
*
Includes income from investments, Ac,
-(V. 44.p. 22, 149, 212, 309, 335, 401, 434, 458, 4*2. 493, 496 586,
654, 751; V. 45, p. 113, 178, 541 614; V.46, p. 134, 199,353, 4 ,6, 509,
3
4
6
6
6
6
6
6
2,289,000
1,000
1,000
1,000
1,000
tain another connection to the West and South.
A full report of the
company was iu the Chronicle, V. 46, pp. 509 and 512.
Abstract of Clinch Val'ey mortgage (Fi.lelity ins. Trust A Safe D. Co
of Phila., Trustee.) in V. 45, p. 541.
The range of stock prices since 1882 have been as follows : Iu 1883,
1884.
Rate per
Cent.
$2,997,300
50
....
Va., 10 miles; Junction to Saltville, Va.. 10 miles; New River Division*
75 miles; branches to mines, 22 miles; Cripple Creek extension, 29
miles; total operated Dec. 31,1887, 554 miles; under construction,
Clinch Valley Extension, 115 miles; branches to mine, 11 miies.
The Atlantic Mississippi A Ohio RR. Co. was a consolidation of Nor¬
folk A Petersburg, South Side and the Virginia & Tennessee roads; it was
foreclosed Feb. 10,1881, and was reorganized as the Norfolk & Western.
The company has been progressive iu developing its business, partu ularly the local traffic; and also by its Clinch Val'ey Extension will ob¬
Earnings—
Amount
Value.
Norfolk 6c Western.—(See Map.)—Owns from Norfolk, Va.,to Pe'
tersburg, Va., 81 miles; Petersbniv Vi.. to Lynchburg, Va. 123 miles*
Lynchburg, Va., to Bristol, 204 miles; branches—Petersb’g to Cilv Point*
pp. 509, 512.
BONDS
85
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
Par
Niagara Bridge 6c Canandaigua.—Owns from Canandaigua to
Suspension Bridge, N. Y., and branch, 100 miles. The road is leased in
perpetuity to the New York Central & Hudson at $00,000 per annum,
with right of lessee to commute by payment of a gross sum of $1,000,000.
Norfolk Southern.—Formerly the Elizabeth City A Norfolk. Name
changed Feb. 1, 1883. Owns from Norfolk, Va.. to Edenton, N. C., 75
miles. Capital stock, $1,000,000; par, $100. The holders of 1st inert,
and debenture bonds funded their interest for live years. Sept, and Oct.,
1884, to March and April, 1889, respectively, until which dates the
funded interest bonds bear 3*2 per cent interest, payable yearly. After
that 6 per cent semi-annually.
Gross earnings iu 1887, including
-steamboats, $282,167; net, $77,233; surplus over all payments, $13."558. Gross in 1886, $210,200; net, $66,002; surplus over all payments,
$11,038.
surplus
AND
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
2,000,000
1,220,000
2,758,000
1,000,000
900,000
600,000
125,700
2-9,000
When
Where
Payable
pal,When Due,
Payable, and by
Stocks—Last
Whom.
Dividend.
Bo8t.,Conc’d
J.
A
or Leban’n
Baltimore A Philadei.
J.
Q.—J.
A. A O.
J. A J.
A. A O.
g*
g.
g.
g.
J.
J.
A
A. A
5
5
6
6 g.
6
6
J.
J.
J.
M.
J.
J.
Annapolis.
Irredeemable.
April 1, 1900
Baltimore A Philadei.
Baltimore, Treas. Office.
July 1, 1900
July 1, 1900
do
London A Baltimore.
J.
J. Baltimore, Treas. Office,
O.
do
J
do
J.
do
J.
N. Y. A Baltimore.
N. N.Y., London A Balt’re.
J. J. City, Hudson Co. B’k.
J.
do
do
A
412g.
Mav 1, 1888
Jan. 16,1888
A
A
A
A
A
A
37,634,169 lli10cert
49,00u,000
6
M. A N.
2,037,500
6
M. A S.
2,652,000
6 g. J. A J.
46,878,000
6 g. A. A O
20,000,000
J. A D.
8,000,000
J
A J
1,600,000
6 g. J. A J.
963,000
6
M. A N.
1,168,000
6 g. J. A J.
1,650,000
6 g. J. A D.
1,451,000
6 g.
M. A S.
400,000
6 g. M. A N.
600,000
•
8*
516.000
250,600
(?)
5
318,000!
5 g.
g.
5 g*
5 g.
J. A
J. A
J. A
J. A
I).
D.
D.
D.
(to
1904
July i; 1904
April 1, 1925
Jan.
Jan.
Jan.
1,
1926
1,
1926
1, 1895
May 1, 1900
Jiilv,
1888
In 7
Jan. 15, 1883
....
N. Y.,
1,'
July
Dee. 1, 1933
Mills Building.
May 1, 1919
Sept, 1, 1919
do
do
do
do
do
do
do
Jan. 1, 1921
Dec. 1, 1933
Dec. 1, 1937
1907
Jan. 1, 1936
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
May i; 1936
June 1, 1936
June 1, 1937
March 1, 1937
Mav 1, 1937
June 1, 1937
June 1, 1937
June 1, 1937
June 1, 193 7
authorized, of which $1,142,000 to be held to retire debts of prior
Stock, $900,000 ; par, $50
In the year emliug Sept. 30, 1887gross earnings were $554,253; net, $151,186; adding other receipts,
surplus ov-r interest and dividend (3 per cent) was $24,489; in 1885,
86, gross, $558,633; net, $121,765.
(V. 43, p. 717; V. 45, p. 401, 768.
Northern (California).—Owns from West Oakland to Martinez, 36
miles; Benicia to Suisun, 17 miles; Woodland to Tehama, 101 miles;
leased, San Pablo A Tulare RR.—Martinez to Tracy City, 47 miles;
total operated, 200 miles. Leased to the Central Pacific till Jan. 1,
1907, at a rental of $40,000 per month and guar, of principal and in¬
terest of bonds for Northern; and San Pablo "A T. leased till 1908 for
$13,800 per month and guar, of princ. and int. of bonds. In Nov.,
1886, new tease to Southern Pacific Co was made. Moderate dividends
have been paid. The Northern stock is $6,190,500, and San P. AT.
stock $1,861,000; par both $100.
Gross earnings iu 1886 were $2,762,750; net, $1,699,059; dividend, 2 per cent,
[n 1887 gross, $1,999,565; net, $1,113,376. W. V. Huntington, President. San Francisco.
—(V. 46,^p. 650.)
was
lien.
Northern, New Hampshire.—Owns from Concord, N. H., to West
Lebanon, N. H., 70 miles; branch. Franklin, N. H., to Bristol, N. H.. 13
miles ; total, 83 miles. Operated by Boston A Maine under an agree¬
ment for one year from Nov.--1, i8S7.
In 1886-7, net income from
rental and interest account was $210,275; dividends of 6 per cent,
$179,838. The only liabilities are a guaranty of $500,000 Concord &
Claremont Railroad bonds, of which the Northern RR. owns $200,500.
-(V. 43, p. 184; V. 44, p. 370, 544, 712; V. 45, p. 26. 612, 673.)
Northern Central.—Owns from Baltimore. Md., to Sun bury. Pa.,
139 miles; branch—Hodins to Green Spring June., 9 miles; leases—ShamoklL Valley A Pcttsville RR., 28 miles; Elmira A Williamsport Rail¬
road, 7s miles; operated at cost—Elmira A Lake Oi tario RR.. 103
miles; track of New York Lake Erie A Western used. 7 miles;
total operated, 364 miles. This was a consolidation or several roads in
Dec., 1854. The terms of the several leases wii) be found under the
names of the leased roads.
In February, 1882, purchased at par the
stock of Union Railroad in Baltimore, $600,000; in 1387 this was
increased to $1,200,000, and a dividend of ten per cent in Northern
Central stock was paid to stockholders July 15, 18*7. The consolidated
general mortgage (gold) t f 1874 was for $10,000,000 to retire all prior
bonds. Of the above bond* $2,366,000 are sterling or dollar, interest
payable in London or Baltimore, and the balance are dollar bonds,
interest in Baltimore.
The Pennsylvania RR. owns $3,322,800 of
above stock.
l lie 2d general mortgage
provides that $30,000 yearly shall be ap¬
plied to tlm “purchase and redemption ’ of series “A” bonds.
From Jan. 1 to March 31 in 1888(3 months) gross earnings were
$1,333,2.3, against $1,517,960 in 1887; net, $359,2*9, against $640,642.
The fiscal year ends December 31. and the report fui 1887 was in
the Chronicle, V. 46, p. 226.
INCOME ACCOUNT.
1884.
Receipts—
Gross earnings
Net earnings
Other receipts
$
5,521,876
2,053,482
263,829
1886.
1885.
$
5,490,923
2,235,309
254.070
$
5,474,017
1,931,949
277,348
2,209,297
Total income
Disbursements—
Rentals l’s’d lines,Ac*.
Interest on debt t
Dividends
Rate of dividend
Miscellaneous.-
2,317,311
$
461,761
935,014
520,000
2,489,379
8
46.511
8
53.690
Tot. disbursements...
1,963,286
354,025
1,947,too
$
442,203
931,272
520,000
$
1887.
$
6,212,926
2,073,484
251,125
2,324,609
$
446,997
460,819
903,041
520,000
545,946
8
951,107
8
44,775
1,914,813 1,957,872
542,214
294,484
366,737
North Carolina.—Owns from Goldsboro to Charlotte, N. C., 223 in.
includes rent of roads and interest on equip, t Includes car trusts.
The property was leased Sept. 11, 1871, to tue Richmond A Dan cille
Railroad for 30 years at a rental of $260,000 per year. Dividends of 6 -(V. 44 p. 83, 149, 273, 276, 401,782 ; V. 46, r. 226.)
Northern of New Jersey,—Owns from Bergen, N. J., to SparDer cent are paid on the stock, of which the State of North Carolina holds
$8,000,000, and the dividends thus received by the State are applied to hill, N.Y, 21 miles; leased Sparkill to Nyack, 5 miles; total oper¬
her bonds issued to the North Carolina RR. Rental, Ac., in 1885 86, ated, 26 miles. This road was opened October 1, 1859. By contract
$273,729; expenses, $24,322; balance, $249,407. Rental, etc., in ’86-7, of April, 1869, it is operated by New York Lake Erie A Western at 35 per
cent of its gross earnings.
It is understood the contract is terminable
$274,849; expenses, $24,660; balance, $250,189; div’s paid, $238,698.
The stock is $1,000,000; par $100. There
North Pacific Coast.—Owns from San Francisco to Duncans, Cal., by either party on notice.
also $35,000 2d mortgage bonds duo March, 1889. Dividends are
79 miles; branch to San Rafael, 2 miles; leased, San Ratael to San aie
Quentin, 4 miles; and Duncan’s Mills to Ingram, 7 miles; total oper¬ paid as earned on the rental. Rental received in 1886-87 was $102,666;
dividend paid 4 per cent. (V 44, p. 11$; V. 46, p. 255.)
ated, 92 miles. Stock, $2,500,000; par, $100. Iu 1886 gross earnings
Northern Pacific.—(See Map.)—Line of Roai>—On June 30. 1887»
were $311,769; net income, $55,072; deficit under llxed charges,
the mileage was made up as follows : Main line—Ashland, Wis., to Wal$19,867; in 1885, gross, $289,557; net, $54,998.
lula Junction, Oregon, 1,739 miles; Duluth to Northern Pacific Junction,
North Pennsylvania.—Owns from Philadelphia, Pa., to Bethle¬
24 miles; Portland to Tacoma. 1.43 miles; South Prairie branch, 10
hem. Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lanedale to Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; total miles; Pasco to east portal of tunnel, 174 miles; Tacoma to west
of tunnel, 78 miles; Switchback o^er Cascade Mountains, 7
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are portal
miles: Payallup Junction to Stuck Junction, 7 miles; Duluth to Supe¬
operated under contrac In May, 1879, was leased for 990 yeais to Phil.
rior, 7 miles; Spokane Falls A Idaho RR
14 miles; owrned, 2,202
A Reading at 6®7 p. e. on stock till t.1883, and 8 per cent thereafter.
miles. Leased and controlled—Brainerd, to St. Paul and branches, 147
Northeastern (S. C.)—Owns from Charleston, S. C., to Florence, miles: St. Paul to Minneapolis ami branches 16 mites; Little Falls A Da¬
8. C., 102 miles. Leased jointly, Lane, S. C., t« Sumter. S.C., 38 miles. kota RR., 88 miles; Nor. Pac.
Fergus A Black Hills RR., 117 miles; Fargo
Total operated, 140 miles. This company has earned the iuterest on its A Southwestern RR., 87 miles; San. Coop. A Turtle Mount. RR., 37 miles;
bonds, with a good surplus. In Nov., 1882, the above consol, mortgage Jamestown A Northern RR., 103 miles; Rocky Mount RR. of Montana
512,574.)
Balance, surplus
'
,
*
INVESTOR’
SUPLEMNT.
'
[Vol.
xlvi
RAILROAD
May, 1888.]
Subscribers will confer
a
Date
of
Miles
Size,
of
explanation of column headings, &c., see notes
Road. Bonds
on first page of tables.
Northern. Pac. Ter. Co.—1st M., g. ($5,000,000)...c*
Normeh a* Worcester—Stock, 8 % rental.N.Y.A N.E.
Bonds, coupon
Ojden&burg <£ Lake Champlain—Stock, common
•
•
1883
■
66
66
118
.
Sinking fund bonds.
Mortgage oonds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)
Income bonds, not cumulative
Ohio <t Mississippi—Stock, common
1877
1871
1877
1880
1880
....
616
....
c*
j
j
Spring. Div. (Sp.A Ill. S.E.) 1st M. (for $3,000,000b
Equipment Tr., 10 per ct. drawn yearly at 100.cJ
Ohio <£ Northwestern—1st mort., $12,000 per mile.. j
2d mort., $7,000 per mile
i
•Ohio River— 1st mort., gold ($12,000 per mile
c*l
General mort., gold (for $3,000,000)
c-*
Ohio Southern—1st mort. ($15,000 p. m.) gold
c*
2d mort.,income, non-cum. ($15,000 p. m.) g...c'
Mort. on Extension ($15,000 per mile)
j
Ohio Talley, Ay.—1st M.,gold ($15,000 p.m.),s.f..c*|
Old Colony-Stock
7
c*j
Bonds (hot mortgage) coupon and registered
]
Bonds
do
($2,000,000 F. A A.)
'
Bonds
do
i
coupon and registered
Bonds
do
Boods
do
Bonds for Framingham A Lowell bonds
Bonds of 1884
c
r
or
$3,000,000
100
2,604,400
400,000
3,077,000
1,000
380,000
1,000
600,000
2,529,650
999,750
20,063,670
1,000
500 Ac.
100 Ac.
100
100
1,000
1,000
1,000
132
132
1874
1887
1886
1886
1886
1887
1881
1881
i’oo
1886
1,000
483
....
....
10.1
103
169
209
1,000
112,000
3,715,000
2,009,000
505,000
1,000
1,000
1,000
1,000
.
.
«
1874
.
....
....
....
’75-6-7
1882
1886
1888
100
1,000
1,000
1,000
1,000
....
.....
1884
1,000
c|
....
1884
1,000
miles; James River
—
Moure A Missouri River RR., La Moure to
extension. Grand
Bitter Root Valley
miles, and the Nor. Pac.
Edgeley, Dak.
by act of Congress
marck, on the Missouri River—in 1873. Thecompany defaulted Jan..
1874, and the road was foreclosed August 12,1875, and reorganized by
the bondholders’ committee Sept. 29, 1875. New preferred stock was
Issued at the rate of $1,400 for each $1,000 bond and overdue interest.
In October, 1887, this company agreed to a lease jointly with the
Union Pacific of the Oregon Railway A Navigation Co.’s property. See
V. 45, p. 539.
Stocks and Bonds.—The preferred stock has a preference for 8 per cent
In each year if earned, but is not cumulative. The common stock then
takes 8 per cent, and after that both share alike. The pref. stock claim on
net income is subject to expenditures for new equipment. Pref. stock is
received in payment for company’s lands east of Missouri River at par,
and the proceeds of the lands sold go to the retirement of preferred stock.
Of the stock $6,233,000 pref. and $14,075,100 of com. in Oct,,
1887,) was held by the “Ore. & Trans-Con. Co.” (See V. 45, p. 539 )
In Jan., 1883, a dividend in certificates of 11*10 Per cent, amounting
to $4,667,490, was paid on the pref. stock, these certificates falling due
Jan., 1888; but in June, 1887. the company offered to fund these into a
5-20 6 per cent debenture bond, due 1892-1907.
Prices of preferred stock since’79 have been: In ’80. 39%® 67*2: in
’81,
in ’82, 6634®10038; in ’83, 49^®90*‘58; in ’84, 37bi@5758:
in’86, SSVtfOO1*; in’87, 41^^63^; in’88, to May
In’85,
18, Incl., 425k®541e. Common stock: In ’80, 20®36; in ’81, 323j®51; in
82. 28^^54^; in ’83, 23i8®53i8; in 84. 14®27; in ’85, 15'®3Lhi; in
*86, 22 3313s; in *87, 203345*: in 88, to May 18. incl 1978®2(rte.
The consol, first mortgage bonds arc a ffrst lien on the main line; and
on all the lands of the company except those subject to the two divisional
mortgages and those lands east of the Missouri River which are subject to
the preferred stock. The issue of bonds is limited to $25,000 per mile
The proceeds of land sales can be applied to t lie payment of interest on
bonds, instead of principal, if the earnings of the road are insufficient.
Central Trust Co. of N. Y. is trustee. The bonds are received in pay¬
ment for lands at 110 and interest, and proceeds of land sold must be
applied to redemption of these bonds at a price not exceeding 110 and
interest. Sinking fund of one per cent per annum of the total amo mt
of bonds issued began in 1886. and the bonds may be drawn at 110,
After 1888 a similar sinking fund begins for the 2d mortgage bonds.
The 3d mortgage for $12,000,000 was authorized Nov.. 1887; (see V.
45, p. 614) and an accumulating sink, fund begins in 1894 equal to 1 96
of entire issue yearly for purchase of bonds at 105 p. c., or for their re¬
demption at maturity. The total issue of the Mo. Div. (Bismarck on Mo.
Riv. to Yellowstone Riv. 205 miles) and Pend d’Oreillo Division (Junc¬
tion of Snake and Columbia rivers to Lake Pend d’Oreille 225 miles)
bonds was $6,480,300, against which are reserved a like amount of
the Northern Pacific first mortgage bonds; the proceeds of land sales
are applied to redemption of these divisional bonds at par.
The James River Valley bonds are issued at $15,000 per mile; Spokane
& Palouse RR. bonds are issued at $16,000 per mile; Duluth A Manitoba
and Dul. & Man. Extension bonds (trustees of latter mortg., Fanners’ L.
& T. Co.: see abstract, V. 45, p. 2 /3), and Northern Pacific La Moure and
Missouri River are issued at $15,000 per mile; Helena & Red Mt., nelena
Boulder Valley A Butte, Drummond A Pliilipsburg, Helena A Nor.
and Missoula & Bitter Root Valley 1st mort. bonds are issued at $20,000
per mile; all the foregoing roads are leased to No. Pacific at fixed rent,
als, providing for the interest of the bonds and furnishing sinking
funds beginning ten years after the date of issue respectively with
which the bonds are to be drawn for redemption at 105.
Other roads leased .and guaranteed sufficient earnings to pay interest,
•«re named imder Oregon Trans continental.
Lands.—The land grant of the companjr was 12,800 acres per mile in
States and 25,600 acres per mile in territories, and the lands earned by
construction to June 30, 1887, were estimated to lie about 46,758,400
acres, of which about 40,618,921 remained unsold.
The lands
east of Bismarck (Minn, and Dak. Divs.) are pledged to the pre¬
ferred stock, and that stock is received in payment therefor. The
general mortgage bonds cover all the other lands, the divisional mort-
For the town lots.
fages having prior liens on their respective divisions. including fiscal year
886-71ahd sales
310,355 acres for $1,052,796,
wrere
For six months July-Dacember, 1887, 187,124 acres W’ere sold fur
.^670,216; total sales, including town lots, were $820,144.
From July 1, 1887, to Mar. 31, 1888 (9 mo3.), gross earnings wrere
517,000
2,000,000
2,280,000
A.
M.
A.
J.
A.
5 g.
2,100,000
|J. A
5 g.
6 g.
6 g.
2,100,000
1.470.000
11,564,600
1,692,000
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A. A
J. A
J. A
5 g.
3^3
200,000
56,000
5
4
960,000
498,000
/ 50,000
!j. A J.
j J. A J.
4
Tr. Co.
Boston, Office.
do
do
do
do
do
A. A O.i
A J.
! A. A O.i
| J.
Stocks—Last
Dividend#
Whom.
N. Y., Central
!J.
4ia
J pal,When Due
Payable, and by
Mar. 1, 1876
June 1, 1932
Jan. 1, 1898
Jan. 1, 1898
S. N. Y., Union Trust Co.
D.
do
do
J.
do
do
J.
London.
O. N. Y. Union Trust Co.
N.
do
do
O. V.Y.Kiddor.Peab’yA Co
J
N. Y., 1st Nat. B ink.
O. First coup, due Apr , ’89
D. N. Y. Central Trust Co.
O.
do
do
D. N.Y., Corbin Bank’gCo.
do
D.
! M. A S.
i Various
412 -1 J. A J.
7
6
3,600,000
Tables#
| Bo »ds—Prlnol
J. N.Y., Winslow, L. A Co. *Jan. 1, 1933
J. Boston, 2d National Bk. Jan. 5, 1888
S. Boston, N. E. Trust Co. March 1, 1897
J.
Boston, Office.
July 10,1876
S.
do
Mar., 1890
do
1897
J.
do
O.
April 1,1920
O.
do
April, 1920
April, 1911
Nov. 1, 1905
Oct. 1, 1897
July 1, 1936
April 1, 1926
June 1, 1936
April 1, 1937
June 1, 1921
June 1, 1921
July 1, 1926
Jan. 1, 1888
March 1,1894
i*9.^ -6-7
Deo. 1, 1897
April 1, 1891
Jan.
1, 1938
April 1, 1904
July 1, 1904
do
do
A J.
034, against $9,470,123 in 1886-7; net, $4,734,573, against
Fiscal year ends June 30.
363, 3/0.
Report for 1886-87 was in V. 45, p.
1884-85.
Miles oper’d June 30
2,668
•$
JCaminys—
3,075,882
7,446,266
712,001
Mail, express, Ac..
Per ct. of oper. exp.
1885-86.
2,808
$
2,<597,218
8,189,614
643,695
192,
1886-87.
3,093
$
3,269,703
8,730.547
789,197
11,234,149
6,196,301
to earns
11,730,527
6,156,264
12,789,447
5,037,848
Operating expenses and taxes.
La
July
2,1864, to build from Lake Superior to Puget Sound and Portland, Or.
The land grant was 20 sections per mile in States and 40 sections in
Territories. The road was opened 450 miles west from Duluth—to Bis
Organization.—This company was chartered
950,<;00
Valley RR-,
Jamestown, Dak., to Oakes (junc. Chic. A N. W.), 64 miles; Spokane A
Palouse RR., Marshall, Wash. Ter., to Belmont, 44 miles; Helena A
Red Mountain RR. Helena to Rimini, Mon., 16 miles; Duluth A Mani¬
toba RR. Winnipeg June., Minn , to East Gd. Fork, 110 miles; total
leased and controlled June 30, ’87, 901 miles; total owned, leased and con¬
trolled, 3,103 miles. Thompson Junc , Minn., to Duluth, is owned jointly
with the St. Paul & Duluth. There have since been acquired the IN.
Boul. Val. A Butte RR., Jefferson City, southwestwardly, 30 m; the
Drum. & Philinsburg RR., Drummond, Mon., to Pliilipsburg, 26 m.,
the Hel. A Nor. RR., from near Birdseye Station, Mon., to near
RR., from Missoula, Mon., southward,
5
7
6 g.
7
7
6
6
5
A
A
M.
J.
J.
J.
3*fl
3,216,000
6,501,000
£200
1,000
1,000
J.
J.
M.
J.
M.
J.
A.
A.
6
2
8
6
6
3 A 6
(?)
....
m.; Duluth A Manitoba, Dakota
Forks to near Pembina, Dak., 97 in.; the Missoula <s
6 g.
4
4,030,000
1,000
i
Marysville, 12*3
.
100
1883
1868
1868
1871
624
393
393
393
222
Amount
Rate per When Where
0 utstanding
Cent.
Payable
$1,000
....
error discovered In these
INTEREST OR DIVIDENDS.
Par
Value.
....
118
118
1st general mortgage (for $10,000,000)
1st consolidated mort. ($3,445,000 are s. f.)
Consolidated mortgage, sterling, s. f
2d cons.mort., (cum. sink, fund.), no drawing
52 miles; Helena & Jefferson Co. RR., 20
•
87
BONDS.
giving Immediate notice of any
great favor by
DESCRIPTION.
For
STOCKS AND
5,574,263
5,616,427
55-16.
..
5248.
7,173,020
5600
>ME ACCOUNT.
1884-85.
.$
Adjustm’t of acc’ts A int. bal.
Dividends
on
investments....
General interest account
Total
Disbursements—
Interest on funded debt
Rentals
1885-86.
$
1836-87
$
21,310
243,319
52,578
5,616,427
12,938
374,549
86,879
5,231,070
5,890,098
6,090,793
4,123,949
4,339,094
581,144
352,154
670,748
673,650
55,633
39,774
4,456,536
752,757
696,650
112,698
6,445
5,037,848
24,553
147,359
Guarantee to branch roads
Contributions to sinkingfund..
Miscellaneous
1...
50,376
27,341
5,574,263
19,938
6,025,086
5,778,899
5,139,111
65,707
111.199
91.959
Balance, surplus
—(V. 44, p. 60, 90, 149, 162, 185, 212. 309. 434, 540, 551, 701, 713,
752, 782, 808 ; V. 45, p. 26. 55, 166, 192, 203, 211, 264, 272, 273, 341,
368, 369, 370. 373, 4>1. 437. 438, 472. 509, 539, 572, 614, 643, 688,
705. 820; V. 46, p. 38. 134, 146; 171,191, 574, 593).
Northern Pacific Terminal Co,-This company owns terminal
facilities on the Willamette River, Oregon, at Portland, East Portland
and Albina. They are leased for fifty yearsi jointly and severally, to
the Northern Pacific RR., the Oregon Railway & Navigation Co. and
the
guaranteed rental sufficient to pay
The sinking fund begins in 1893 ana
is to be sufficient to retire the bonds bv maturity, bonds being
drawn at 1 10 and interest. The stock of $3,000,000 is owned by said
three companies (40 per cent by Ore. Railway A Navigation Co., 40 per
cent by Northern Pacific and 20 per cent by Oregon A -California RR.),
and la id by Central Trust Co. of New' York, to be delivered after pay¬
ments to the sinking fund which is to cancel the bonds.
Norwich Sc Worcester.—Owns from Norwich, Conn., to Wor
cestcr, Mass., 59 miles; branch: Norwich to Allyn’s Point, 7 miles;
total, 66 miles. Opcrated*under temporary lease by N. Y. A New Eng¬
land Railroad.
In February, 1885, it was voted to reduce the rental
to 8 per cent. In the fiscal year
ending Sept. 30. 1886, the gross receipts
were $748,659; net, $274,377; payments for rentals, $40,475; interest,
$24,157; dividends (8 p. e.), $207,824; surplus, $21,921. In 1886-7
gross receipts, $781,979; net, $293,108; payments for rentals, $40,220;
interest, $27,165; surplus over 8 p. c. dividends,,$17,900. (V. 43, p. 607.)
Ogdciiftbnrg Sc Lake Champlain.—Owns from Rouse’s Point,
N. Y., to Ogdensburg, N. Y., 118 miles.
On June 1, 1886, a perpetual
lease of this road was made to the Central Vermont RR. Co., the lessee
to pay interest on the bonds.
lu year ending March 31, 1886. gross earnings were $562,772; net,
$223,445; surp. over int. charge, $12,362. In 1886-7, gToss earnings,
$683,213; net, $229,200; deficit under charges, $27,363. (V. 44, p. 212,
714, 808; V. 45, p. 272, 561, 887; V. 46, p. 255.)
Ohio Sc Mississippi.—1This company owns a direct line from
Cincinnati, Ohio, to East St, Louis, Ill., 338 miles; Louisville branch,
North Vernon to Jeffersonville, Ind., 53 miles; total Ohio A Miss, line,
391 miles; the Springfield Division, Beardstown to Shawneetown, DL,
225 miles; total operated, 616 miles. The Eastern and Western aivieions were sold in foreclosure and the Ohio A Mississippi Co. formed by
consolidation Nov. 21, 1867. The terms of preference in the preferred
Oregon & California RR., with
interest, sinking fund and taxes.
a
stock certificates read as follows:
“
The preferred stock is to be and
remain a first olaim upon the pro¬
perty of the corporation, afrer its indebtedness, and the holder thereof
shall be entitled to receive from the net earnings of the company 7 per
such interest paid
dividend
cent per annum, payable semi annual^, and to have
iu full for each and every year before any payment of
upo
the common stock; .and whenever the net earnings ”
*
*
*
shall be more than sufficient to pay both said interest of 7 per cent on
(lie pretv . <;d stock in full, and 7 per cent dividend upon the common
stock f r the year in which said net earnings are so applied,” then the
excess shall be divided equally, Ac.
Range of stock prices since 1882 has been as follows: Common—In
’83, 21®364i; in ’84, 146*925?*; in ’85, 10M@281e; in’86, 1938®358*;
in *87, 21/) 32is; in’88, to May 18, inch, 17^ t25.
Pref.—in’83, 96®
112is; in’84. 45®90; in’85, 71378; in ’86,79391; in ’87, 75393.
Fi-cal year ends June 30; report for 1886-87 in V. 45, p. 671.
SUPPLEMENT.
INVESTOKS’
88
Subscribers will confer a great favor
DESCRIPTION.
For explanation of
on
column headings, &c., see notes
of tables.
first page
Old Colony—(Continued)—
Bost. Clin. & Fitclib. mort. bonds 1869-70
Bost. Clin. A Fitchb., mortgage bonds
Bost. Clin. F. A N. B. mort. bonds
Omaha <£ St. Louis—1st M.,gold.
Orange Belt—1st M., g.,$5,000 p. m., red. alter
by giving immediate notice of any error discovered in tbese Tables.
43
58
o
c*;
1892
Oregon £ Cal — lstM.,g ($30,009 p.mjdr’n atlOO.c*
Oregon Pacific—1st mort., land grant, gold
Oreg on Railway <& navigation—Stock
Mort. bonds, gold, sink. fd. (drawn at 100)
c.
Consol, mortgage, gold, $25,000 per mile
c&r
OregonShortL — lst,gld.,int.gu.byU.P.($25,000p.ni)
Orcgondt Trans-Continental—St’ek(for $50,000,000) I
Trust b’d8,g.,$20,000p.m., (s.f.^p.c.) dr’natlOS.c*
Oswego <6 Rome—1st mortgage guaranteed
Income mortgage bonds
120
144
150
475
746
«...
749
010
100
....
497
28*2
....
Convertible bonds, 1,000 years to run
Oswego <£ Syracuse—Stock, 9 p. ct. guar., D.
Consol, mortgage (guar. D. L. A W.)
m
m
m
m
L. & W.
35
Construction M„ guar. prin. & int. (for$1,000,000)
Owensboro <£ Nashville— 1st mortgage, gold
Collateral trust (4u0,000.)
Panama—Stock
General mortgage, sterling, (£657,800)
c*
35
123
84
48
48
48
15
Sinking fund subsidy, gold
Paterson <GHud- Stk., 8 p.c. perp. rent.N.Y. L.E. AW.
2,316
Pennsylvania—Stock
Ger.. M., Ph. to Pitts., coup., J. A J.; reg., A. A O.
State lien (pay’biem annual inst’lm’ts of $460,000)
Consol. M., coup. J. A D., A reg. Q.—M. (S. f. cum.).
V
Consol, mortgage, gold
571
Bonds, reg. (P.W. AB. stock deposited as collat’l)
Collateral trust loan, gold, (s. f. 1 p.e.) not dr'ii.c*
.
•
.
•
•
....
....
....
1,000
1882
1865
1866
1866
1,000
1,000
earnings.
Disbursements—
Interest on debt
1885-86.
1,000
....
....
50
....
1,000
1870
4.998,000
8,174.000
9,000,000
....
1,000
1886-87.
$1,026,415 $1,024,716
49,000
53,000
57.000
$1,073,900
$1,079 415
$1,081,716
def.$99,169
1,522,071
27,482,930
1,000
def.$5,203sur.$256,237
The new general mortgage for $16,000,000 was authorized under
the plan of reorganization, by which $12,784,000 was reserved
to exchange for old bonds as they mature.
Cyrus C. Hines, of Ind., and
Union Tr. Co., of N. Y., are mortgage trustees.
From July 1. 1887, to Mar. 31.1888 (9 uior.) gross earnings were $3,-
6 g.
7
7
7
J. A
J. A
J. A
J. A
J. A
J. A
A. A
Where Payable, and by
Whom.
Stocks—Last
Boston, Office.
1889 & ’90
J.
D.
J.
J
J.
J.
O.
•
Dividend.
F. A A.
Q.-J.
M.
M.
F.
F.
F.
M.
M.
M.
F.
A
A
A
A
A
A
A
A
A
N.
N.
A.
A.
A.
S.
N.
N.
A.
do
N. Y. Union Trust Co.
N.Y.,Farmers’L.A T.Co.
Y., Central Trust Co-
N.
do
do
Feb. 1, 1922
Oct. 15, 1883
Nov. 1, 1922
May, 1915
Aug., 1891
2866
N.Y. Office, 96 B’dway.
N. Y., Del., L. A W. RR.
Feb., 1888
do
1907
7
do
5
N. Y.,Farmers.L.&T.Co
May, 1923
Nov. 1, 1931
6 g.
•New York.
6 g
do
Aug. 1, 1883
6
Jan. 16, 1888
New York, Office.
’88 to ’89 A’9?
7 g. A. A O.
London.
6 g. M. A N.
Nov. 1, 1910
New York.
Jan. 2, 1888
4
J. A J.
New York.
2 L>
M. A N.
Philadelphia, Office.
May 29. 1888
1910
6
Q.-J. Philadelphia A London.
5
A. A 0.
Annually.
Philadelphia, Office.
6
Q.-M. Philadelphia A London. Juno 15, 1905
Dee. 1, 1919
5
do
do
J. A D.
4
do
J. A J.
do
July 1, 1921
June 1, 1913
do
do
4Lj<r. J. A D.
4^
80,000
7,000,000
3.289,000
2,6 23,000
630,000
106,544,500
19,999,760
1.000
$1,024,900
Total
Balance
*
668.000
....
....
1873
1879
1881
1883
1*2
2,000,000
100
£200
1867
1880
6
438.000
$1,074,212 $1,337,953
Sinking fund
24,000,000
5.547,000
9,618,000
14,931,000
40,000,000
10;063,000
350,000
152,000
107,000
$974,731
1
25,000 p.m.
1,320,400
5,000
When
Payable
pal,When Due,
July 1, 1894
Boston, N. E. Trust Co. .Tan. 1,1910
Jan. 1, 1937
N. Y„ U. S. Trust Co.
g.
Jan. 1, 1907
N. Y., Farmers’ L. AT.Co.
g.
N. Y., South. Paciflo Co. July 1, 1927
g.
Oct. 1, 1900
N. Y.,45WiU’iuSt. A Lon.
g.
1*2
Q.-J. N. Y. Office, Mills Bldg. April 2,188S
6 g. J. A J.
do
do
July 1, 1909
June 1, 1925
5 g.1 J. A D.
do
do
14,254,000
1,000
1,000
....
7
7
5
1
5
5
6
400,000
1,912,000
2,717,000
700,000
1,000
1876
1883
1881
1883
Rate per
Cent.
$191,500
50
$3,645,467 $3,671,920 $3,988,433
Total gross earnings
Net
Outstanding
1,000
....
INCOME ACCOUNT.
18a4-85;
Amount
’69-’70 $500Ac.
1874
1,000
1880
1,000
1887
1,000
1887
1,000
1887
1,000
1,000
1880
100
1879
1,000
1885
1,000
1882
1,000
....
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Date
Miles
Size, or
Par
of
of
Road. Bonds Value.
c
c
[Vol. XLVI.
land to Corvallis, 97 miles. Total, 475 miles; completed to a junction
with Central Pacific at the California State line in Doc., 1887. The orig
inal Oregon A California was in default after 1873 and reorganized.
Of the old bonds $106,000 are yet out, and the balance of $8,499,000
deposited with trustee as collateral for the new bonds, but subject to
cancellation. The land grant was about 4,000000 acres, and is covered
by the mortgage, proceeds of land sales going to redeem bonds drawn at
par, unless purchasable lower. Trustee of moi tgage, Union Trust Co.,N. Y.
Tlie plau of agreemeut for reorganization was reported in the CiikonFCLE, V. 44, p. 118, 370. The road is leased to the South. Pac. Co. for 40
years from a an. 1,188 7, the lessee guaranteeing interest on the bonds.
The Pacific Improvement Co. owns the bulk of O. AC. s'oek by an ex¬
change v itli the holders for Cent. Pac. shares, as per agreement. In
1887, gross, $564,514; net, $183,451. (V. 44. p. 118, 370, 651; V. 46,
p. 321, 353.)
125,466, agst. $3,094,055 in 1886-7; net, $J ,050,144, agst. $1,052,854.
-(V. 44. p. 00,185,309; V. 45, p. 113. 539. 671; V. 46, p. 76, 173, 320.)
Obio Sc Northwestern.— Road from Cincinnati, O., to Ports¬
mouth, O., 103 miles, and branches 20 miles, and 71 miles more
under construction. The Cin. & Eastern, sold in foreclosure Jan. 5,1887,
was purchased by this company and changed to standard gauge.—V. 44,
Oregon Pacific.—Road in progress and 83 miles,from Albany, Or., to
Yaquina, on Yaquina Bay, completed. Land grant, over 900,000 acres,
and covered by first mortgage. In June, 18 87, a syndicate was reported
as having taken the balance of first mort. bonds "to complete the road.
Stock is $30,000 per mile. T. E. Hogg, President, Corva'lis, Oregon.
N. Y. Office, 45 William Street.
(V. 44, p. 752 ; V. 45, p. 613.)
Oregon Railway Sc Navigation.—Owns East Portland, Ore¬
The authorized 1st mortgage bonds arc $2,000,000 at $12,000
p. 59.
per mile, and seconds $1,200,000 at $7,ooO per mile. Stock authorized,
gon to Walluht, W. T„ 211 miles; Walla Walla to Riparia, 56 miles;
Belles Junction to Dayton, 13 miles; Pataha June, to Pomeroy, 30
$4,000,000; issued, $2,000,000. (V. 44, p. 421 ; V. 45, 673.)
Ohio River.—(See Map.)—Road extends from Wheeling. West Va., miles; Walla Walla to Milton. 13 miles; Pendleton to Centrevillc, 17
to Point Pleasant, West Va., 169 miles, and Huntingdon, West Va., 40 miles; Umatilla to Huntington, 217 miles; total owned, 557 miles.
miles; total, 209 miles. The stock outstanding is $3,290,700. The out¬ Leases— Palouse Junction to Colfax, 89 miles; Colfax to Moscow, 28
standing bonded debt is equal to $16,3u8 per mile, of which $11,834 is miles; Colfax to Farmington, 27 miles; Wa'lula to Walla Walla, 31
1st mort. and $4,924 general mort., the anuual int. charge in 1887 was miles; Blue Mountain to Milton, Ore., 7 miles; Cascade Railroad, 6
$151,000. The road was operated to Point Pleasant March 27, 1887. mile*; total operated June 30,1887, 746 miles. Ocean line between San
From Jan. 1 to Mar. 31, 1888 (3 mos.), gross earnings were $s0,958, Francisco and Portland, 670 miles; Puget Soimd lines, 275 miles;.
River lines, 363 miles; tofpl or water lines, 1,308 miles.
against $51,715 in 1887; net, $28,880, against $13,799.
In 1887 gross earnings on 172 miles were $371,192, against $195,463
Of the consol, bonds $6,000,000 are reserved to take up tlie old mort.
bonds. There is a sinking fund of over $60,000 per year, for tlie bonds
on 94 miles in 1886; net in 1887, $190,837; surplus over fixed charges,
issued in 1879 to buy bonds at or be’ow 110, or else draw them at par.
$55,605.
Geo. W. Thompson, President. Parkersb’g, W. Va. (V. 44, p. 434, 727; The Farmers’ Loan A Trust Co. is trustee of both mortgages. The Ore¬
V. 46, p. 171.)
gon Trans-Continental Company holds about $11,841,300 or the stock.
In April., 1887, a lease for 99 years from Jan. 1,1887, to the Oregon
Ohio Southern.—The road will extend from Springfield, Ohio,
to some point on the Ohio River. Length of road completed and in Short Line RR., guaranteed by Union Pacific, was made on the basis
operation Dec., 1887, Springfield, Ohio, to Wellston, with extensions of 6 per cent pet an mini on the O. R. A N. Co.’s stock, and in Oct., 1887,
and branches, 140 miles.
Stock (par $100), $5,500,000. having been the Northern Pacific agreed to join the U. P. ns lessee. (See terms Ac.,
raised to this amount by vote in May, 188 8, to provide additional funds V. 45, p. 539.) See abstract of lease, V. 45, p. 539.
From Jan. 1 to Mar. 31, in 1888 (3 mos.), gross earnings were $1,276>
required for extensions, equipment, (fee. (See V. 46, p. 538.) Gross
earnings in 1886, $514,189; net, $174,987. Gross in 1887, $599,584; 578, against $972,202; net. $394,450, against $296,205.
Annual report for the year ending June 30, 1887, was in V. 45, p, 742’,
net, $288,718; surplus over interest, taxes etc., $134,506. Alfred
the income account show ed net deficit of $67,258 under charges and 6^Sully. President. (V. 46, p 538, 650.)
Ohio Valley.—Completed from Henderson, Ky., to Princeton on the p centdiv. (V. 44, p. 60, 91,141, 204, 212, 276, 309, 392, 434.466,551,
Clies. Ohio <fe Southwestern. 89 miles; branches, 9 miles; total, 98 miles
621,752; V. 45, p. 84, 211, 473, 539, 614,721, 742; V. 46, p. 76, 102.1
Charter provides for sinking fund sufficient to redeem bonds at maturi¬
Oregon Short Line.—Road from Granger oil the Union Pacific
ty; no drawings. Stovk ($20,000 per mile) is $1,960,000. P. G. Kelsey, (156 miles east of Ogden) to a junction with the railroad of the OrGgon
President, Henderson, Kjr. (V 46. p. 191.
Railway A Navigation Co., at Huntington, Oregon, 512 miles, with Wood
Old Colony (Mass.)—Owns from Boston to Provincetown, Mass., River branch to Ketchum, 70 milest™ Total, 6L2 miles. Interest on the
120 miles, lines to Kingston, Plymouth, Somerset Junction, New Bed¬ bonds is
guaranteed by tlie Union Pacific. The stock is $14,073,600*
ford, Lowell and Fitchburg, Mass., and to Newport, R. I., 249 of which Union Pacific owns $8,015,600. In April, 1887, leased the
miles, and numerous branches 95 miles in all; total owned. 464 Oregon Railway A Nav. Co.’s lines for 99 years, agreeing to pay the
miles; leases—Fall River Railroaa, 12 miles; Nnntasket Beach RR., 7 interest on bonds and 6 per cent on stock; the lease is guaranteed by
miles; total owned and leased, 483 miles. In 1888 a lease of Boston «fe
Union Pacific and Northern Pacific.
Providence Road was made for 99 years. Report for 1886-S7 was in
Gross earnings in 1886, $1,942,107; net, $507,376; deficit under
V. 45, p. 612. Fiscal year ends Sept. 30 :
interest, etc., $395,101. Ill 1887 gross. $2,018,068: net, $628,727: de¬
INCOME ACCOUNT
ficit under charges, $281,406.
(V. 44, p. 149,185, 309.)
1883-84.
1884-85.
18S5-86.
1886-87.
Oregon A; Trans-Continental.—Company organized under the
.$
$
$
$
Receipts—
Laws of Oregon on June 27, 1881, and received from the “ViHard Pool”
4.251,186
4,528,032
Gross earnings
4,191,872
4,865,571
1,281,056
Net earnings
1,296,503
1,302,929
1,332,576 an assignment of the stock of the North. Pae. Railroad purchased by it.
The assets in Dec., 1887, included $11.78 5700 stock of O. R. A Nav. Co.
79,334.
68,998
89,931
Other receipts
95,215
$6,c03,60 > of N. Pac. pivf. and $13,915,100 of N. Pae. common. (See
Total income....
1,365,501
1,360,390
1,392.860
1,427,701
(V. 45, p. 820.) In Doc., 1885, the company arranged a new loan for
Disbursements—
$
$
$
$
$4,050,000, at 5 per cent, for three years, secured by collaterals. The
32.694
46,614
Rentals paid
45,594
16,131 balance of the unfunded debt, amounting to some $3,573,000, wms car¬
551,424
Interest on debt
556,866
582,53 L
597,897 ried on demand and short loans.
73.8,122
761.747
Dividends
723,989
788,616
Total authorized capital is $50,000,000. The bonds may be redeemed
7
Rate of dividend...
Improvem’t account
7
38,032
25.250
7
15,885
7
25,144
1,427,791
Total disburse’ts.
1,365,501
1,360,390 1,392,860
—(V, 45, p. 612, 705; V. 46. p. 481.)
Omaha & SI. Louis.—Owns road fiom Council Bluffs,la , to Patton*
burg. Mo., 143 miles. This company was formed in 18S7assuceei*Bortothc
Omaha Division of tlie Sr. Louis K. C. A Nor. (WabaslO, sold in
foreclosure.
Pref. 6 per cent stock, lion-cumulative, $2,220,509;
com. stock, $2,313,000, deposited in trust for three years.
See ab¬
stract of mortgage, V.
From June 1, 1887, to
45,
p.
213;
full statement in V. 44,
p.
812.
105; they are secured by deposit in trust of first mortg. bonds on
branch railroads, at $20,000 per mile; also secured by traffic con¬
tracts with the Northern Pacific RR. Co. guaranteeing a minimum not
annual income of $1,400 per mile, being equal to 6 per cent per an¬
at
new'
$20,000 per mile of bonded indebtedness, and a sinkingfund
The roads thus mortgaged are: The Nol Paci¬
fic Fergus A Black Hills RR. of Minn., 117 miles, $2,312,000; Little
Falls A Dakota RR., of Minn., 88 m., $1,757,000; Jamestowui A Nortlimn RR. of Dakota, 102 in., $2,050,000;
Fargo A Southwestern RR. of
Dakota, 87 m $1,748,000; Sanborn Cooperstown A Turtle Mountain
RR.', 37 m., $730,000; Rocky Mountain RR.. Montana, 52 m., $4,034,000; Helena A Jefferson County, zO m., $102,000; total. 503 milcsat $20,000 per mile—$10,063,000 In bonds. (V. 44, p. 118 ; V. 45, p. 272
num on
charge of one per cent.
,
Dec. 31, 18*»7 (7 mos.), gross earnings were
$264,737; net. $80,351. Office, 49 Wall Street, N. Y. (V. 44, p. 713.
808, 809, 812; Vol. 45, p. 213, 352.)
305, 509, 539, 572, 696, 820.»
Orange Belt.—(See Map)—From Monroe, on the Jacksonville Tam
pa A K. W. road, to Point Pinellas, 150 m.
Road now in operation to
Oswego Sc Rome.—Owns from Richland, N. Y.. to Oswego, N. Y.,
Tarpon Springs, 118 miles. The bonds are 5-20s, and may be i\ deemed 29 miles. R ad opened Jan. 1, 1886. It is leased to the Rome Water
after Jan., 1892. They are guaranteed by the Qrange Belt Investment
town A Ogdensbuvir RR.;
annual rental is 7 per cent on $325,000
Co., and the issue is at the rate of $4,666 p.m. (V.45 p.856; V. 46, p. 245.) I st mortgage bonds and $24,000 in cash; total, $ 16,750. Ol bonds due
Oregon Sc California.—From Portland, Or., to Cal. State line, 36 *1870 $62,100 are yet outstanding. Stock is, common, $225,000; pre¬
miles; Albany J unction to Lebanon, 12 miles; West Side Division, Port¬ ferred, $75,000; par, $100.
BONDS
KSAATILONECKDD
18 9.]
90
INVESTOKS
SUPPLEMENT.
[Vol. XLYI*
RAILROAD
May, 1888.J
Subscribers will confer a great favor
DESCRIPTION.
on
first page
•
....
....
1st mort., gold (Peoria Dir., Pekin to Mattoon)...
1st mortgage (Evansv. Div.)
P. D. & E. 2d mortgage, gold
c*
Car Trusts (payable $18,000 per annum)
Peoria d Pekin Union— 1st mortgage, gold
c
gold (issued for incomes)
e
Perkiomcn—1st mortgage
Consol, mort., gold, guar. P. ife R., (sink. fund).-...
Petersburg—Stock
Guar. pref. stock, 3 per cent., lien prior to mortg.
1st mort. bonds (payable $25,000 yearly)
1
1
i.
r
233
....
20
20
38
38
63
....
82
....
...r
Westchester & Pliila., 1st mortgage
c*
Philadelphia d Erie—Stock, common
Preferred stock, special
1st mort.. RunburvA E. (exte.’d 20v’rsin ’77b.e A r
Oswego Sc Syracuse. -Owns from Oswego,
79
79
27
287
287
40
|
1,000
1880
1880
1886
1881-4
1881
1881
1867
1873
1,000
1,000
1,000
100
100
50
....
....
1869
183 L
1881
....
....
50
1871
....
1857
1
1,000
1881
]
i
N.Y., to Syracuse,
100 Ac.
50
50
1,000
ST.Y
!
J.
Q.-j.
A
A
J.
A
6 g.
6
5 g.
7
G g.
J. A J.
M. A 8.
M. A N.
Various
F. A
F. A
Q.- F.
4%g M. A N.
j
2,495.650
1,000,000
Pittsburgh, Co.’s Office
A O.
A D.
N.
Y., Central Tr. Co.
do
do
do
N. Y., Central
do
Trust Co.
do
Norrrt’n,Pa Mont.N.B’k
do
do
A J.
A J. Ricli’nd A
do
A J,
do
A O.
! M.
A N. Phila. Company’s Office.
do
do
A O.
7
' A.
A
7,975,000
2.400,000
976.000
; A.
Jan. 1,1920
Sept, 1/ 1920
Nov. 1, 1926
Feb. 1, 1921
Feb. 1. 1921
Over due.
June 1. 1912
In 18S6-7
Jau. 3, 1883
Petorsb’g,Va .Tan., 1889-’98
do
July 1, 1926
Oct. 1, 1926
do
5
7
1,100,000
1891-94
1897
Jan. 1, 1901
For 1883
Pliila. Tr. S. D. A I. Co.
July 5, 1907
J. N. Y., Nat. City Bank.
July 1, 1921
I). Pliila.. B’k N. America. June 1, 1896
June 1. 1906
do
do
D.
Ow ned by Pa. RR.
D. Philadelphia, Penn. RR. Deo. 1, 1935
A. N. Y., Comp’ys Agency. Aug. 1, 1921
A. N.Y.,Chic.,R. I. A Pae.
Feb., 1888
T.
J.
6
A.
G g. | J.
3
1*2 j J.
.1.
8
5
; J.
6
A.
do
A J. Phil.,Pa., Co., for ins. Ac.
5
6
4
1,125,000
960,800
323,500
251,000
643,000
800,000
1,000
Philadelphia.
7
7
1,495,000
1,495,000
799,600
1,000
Q’rt'rly
4*2g. J. A
181,000
1.000
Whom.
5
4
6
20,000,000
2,032,000
14,467,000
1,500,000
1.500,000
6,503,000
6,500,000
3,000,000
1,500,000
8,400,000
1,287,000
1.470,000
2,088,000
254
Payable
Stocks— I.ast
Dividend.
Where Payable, and by
5,4
Em
(1,000,000
....
pal, When Dnc.
When
Cent.
,,
....
....
Bonds—Princi¬
Rate per
$9,692,000
....
....
Mortgage bonds, class A
Mortgage bonds, class B
Philadelphia d Balt. Central—Stock
1st mortgage (for $2,500,000).'.
Amount
Outstanding
1881-4 $1,000
1886-7
1875
1,000
50
1877
1,000
1881
1,000
1866
1,000
1866
1,000
50
1883
1,000
1881
i,0oo
100
• • •
....
Peoria Decatur d Evansville—Stock
01
RONDS.
INTEREST OR DIVIDEND.
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
of tables.
AND
by giving immediate notice of any error discovered in tliese Tables.
Ptnnsylxania—(Continued) —
Car Trust certs, (in series payable Goth yearly) ..
Equip.Tr.(ser.“A” to “E,” payable one-tenth y’rl}
Navy Yard bonds reg. (extended 20 years in ’81)
3,325
Pennsylvania Company—Stock...
Bonds, sec. byP.Ft.W.&C. stock (s.f .di’n at 105.r
Bonds, g., sec. bypl'ge and guar, (s.f.not dr.).o\fcr
105
Pennsylvania <£ New York—1st M., end. by Leh.V c*
1st inort., endorsed by Lehigh Val
c* 105
117
Pennsylvania Schuylkill Valley—Stock
117
1st mortgage bonds, sinking fund, 1 percent
r
All.
Pensacola d Atlantic—1st m. g, (guar, by L. A N.)..
47
Peoria d Bureau Val— Stk., 8p. ct.reut’IC.R.I.&P.
Second mortgage,
STOCKS
Phihuh lpliia, Pa.
RR.
O., Philadelphia, Pa. RR.
1, 1911
April 1, 1891
Nov.
Oct,
1886.
1885.
1.
1897
1887.
35 miles. Leased in 1808 during length of charter and renewal there
of to the Delaware Lack. A West. RIl. Co. for 9 per cent per year on
Net income Penn. RR. Division.
Net loss New Jersey Division ..
$8,153,685
159.497
$8,974,970 $10.411,287
227.991
179,016
(Vol. 10, p. 172.)
Owensboro Sc Nasiiville.—Owns from Owensboro, Ky., to Adair
yille, Ky., 84 miles.
Operated by Louis. A Nash. RR., which owns a
majority of the stock. Of the IstM. bonds $1,000,000 are pledged for the
collateial trust bonds.
Gross earnings for 1880-87, $204,203: net,
$65,549 ; deficit under interest and taxes, $1,317. Gross in 1885-0.
$169,376; net, $35,078; deficit under interest and taxes, $15,498. Stock
Balance
From t bis balance deduct:—
Advances to Penn. Co
$7,991,188
$3,795,954 $10,2lo,296
$1,320,100 stock and interest
on
bonds.
is $1,156,517.
Opened
through Jan.28, 1855. Of the general mortg. bonds $500,000 fall due in
five half-yearly payments beginning April, 18S7, and balance in Oct.,
1897.
The $2,687,000 subsidy bonds are secured by a pledge of the
sum of $225,000 annual subsidy payable to the U. 8. of Colombia by
the compauy.
In June, 1881, most of the stock was sold to parties
Panama.—Owns from Aspinwall to Panama,
48 miles.
interested in the De Lesseps Panama Canal Co. The report for 1887 was
In Chronicle, V. 46, p. 479, showing net income of $1,141,115,against
$64?,360 in 1886, and a surplus ovir charges of $619,902, against
$118,58 L. (V. 44, p. 212, 4G5 ; V. 46, p. 479.)
Paterson Sc Hudson.—Owns from Jersey City, N. J., to Pater¬
son, N. J., 15 miles.
The road was opened in 1834, and leased
In perpetuity September 9, 1852, to the New York A Erie, at a rental of
$48,400 per year, and is operated by the New York Lake Erie Si Western
as part of its main lino.
J. 8. Rogers, President. New York City.
Payments to trust fund
Consol, mortgage redeemed
Allegheny Val. RR.—Deficiency
Fred. A Penn. Line RR.
do
Am. 88. Co.—To meet int. guar.
Settlement of balances under
trunk line pool
For fire at N.
324.830
701.576
15,000
90,000
411,972
265,000
Brunswick, N. J..
Extraordinary
expenses
Balance to credit of income.
Dividends
Rate of dividend
To credit of profit and loss
Deduct settlem’t of claims,
Balance
Add profit and loss Jan. 1
Balance profit and loss Dec.
Ac..
$
78,624
324,800
352,835
90,600
167,183
175.000
1.211,115
$2,542,150 $2.42 >.557
$2,190,666
$5,803,522
4,738,892
$6,253,804 $7,783,739
4,738,392 5,418.702
(5)
(5)
(5%)
$1,064,630
363.355
$1,514,912 $2,365,037
$701,275
_$8917156 $l,98^,obo
623.756
381 437
14,734.193 15.625,347
14.032.918
31. $14,734,193 $15,625,349 $17,6. 8,947
-(V. 44, p. 149, 276. 288, 307, 312, 401,466 551, 621, 681, 694, *09,
V. 45, p. 13. 113. 143, 272, 437. 500, 572, 614, 705, 887; V. 46, p. 134,
289, 301, 3 1 8 3 22, 344, 413, 481, 538.)
,
Pennsylvania.—iSce Map)—Line or Road—TlioPennsylvania sys¬
5,671 miles of railroad, including all east aud west
Pennsylvania Company,—The Pennsylvania Company is a oorof Pittsburg, At the close of 1887 the mileage^ operated east of Pitts
burg & Erie, on which earnings as reported were based, was divided as poration chartered by the Pennsylvania Legislature, April 7, 1870, dis¬
follows: Pennsylvania Division and branches, 1,592; Philadelphia A tinct from the Pennsylvania RR., and it operates all the leased lines west
Erie Division, 288; United Railroads of N. J. and branches, 467; total of Pittsburg. The stock is owned by the Pennsylvania RR.
The registered bonds are secured liy deposit of $4,000,000 of Pittsb. Ft.
operated, New York to Pittsburg, with branches, 2,316.
\V. A Chic, special stock. The gold bonds of 1921 lire secured by a deposit
Organization, Leases, Ac.—The charter of the Pennsylvania Rail¬ in trust of the leases of the Pitts. Ft. W. A Chic, and the Clove. A Pitts,
road was dated April 13, 1846, for a line from Harrisburg to Pittsburg.
railroads and are also guaranteed by the Penna. RR. Co. The trustees
The line from Harrisburg to Philadelphia was under other organizations,
of the mort. are Wistar Morris, Edmund Smith and S. M. Felton. The
the State Railroad, and the Harrisburg Portsmouth ML Joy A sinking fund is 1 per cent per annum if the bonds can be bought at par.
Including
Lancaster is still operated under a lease though forming part of the
Tlio whole number of miles operated or in any way controlled
main line. Road opened in 1854.
The Pennsylvania Company was organized in 1870 as an auxiliary by this company is 3,325. The income account of the company showed
net profits over all liabilities, including fixed charges, of $1,867,883 in
corporation to control all tlio lines west of Pittsburg A Erie, aud the 1882; $872,829 in 1883; deficit in 188 t of $710,220; deficit in 1 8*5 of
Pennsylvania RR. Co. holds all the stock of the Pennsylvania Company.
$1,094,671; deficit in 1886 of $200,674; in 1887 net profits $675,516.
Stock and Bonds.—The Pennsylvania Railroad stock lias been in¬
Pennsylvania Sc New York (Canal and Kailway).—Owns
creased from time to time, chiefly by the sale of stock sit par to stock¬
holders, for the purpose of raising capital for new acquisitions or better¬ from Wilkesbarre, Pa., to N. Y. L. E. A \V. RR. near New York State
Line, 104 miles; branches to mines. Ac., 32 miles; total owned, 136
ments. The dividends paid each year since 1870 have been—in 1871,
1872, 1873 and 1874, 10 per cent each year; in 1875 and 1876,8 per miles; leases—State Line A Sullivan RR., Monroeton to Bernice. Pa.,
24 miles; Wilkesbarre A Harvey Lake RR.. Kingslon to Harvey Lake,
cent each year; in 1877, 4; in 1878, 2; in 1879, 4^; in 1880, 6 and 1
12 miles; other lines, 5 miles; total leased, 41 miles; total operated.
177 miles. Operated in connection with the Lehigh Valiev RR. as a
l
Eer1885 and in 1886, 5; in 1887, 5*2northern outlet, and annual report is embodied in the Lehigh Valley
The prices of the stock yearly in Philadelphia since 1875 have been—
Common stock $1,061,700 (par $50) and preferred stock,
In’76, 45058:%; in’77, 24%®49; in’78, 27035 4 ; ill ’79, 32^05130 ; report.
Tu year ending Nov. 30, 1886, gross earnings
In ’80, 48 0674; in ’81,59*2 070%; in’82. 53780654: in ’83’ MBs061%: $4,000,000 (par $100).
in ’84,494061: in ’85,45405618; in ’86, 51^80604 ; in s7, 534060; were $2,268,574; net,. $662,383. Gross in 1886-87, $2,695,013; net,
$650,590; due to Lebigh Valley Nov. 30, 1887, $879,999. 7 per cent
in 1888 to Mav 18, inch, 5240554.
This company owns 217,819 shares of the Pliila. Wilm.A Balt RR., and div. paid on prof, stock in ’85 and 8 in July, ’87.
the 4 per cent bonds of 1921 are purchased yearly if obtainable at not
Pennsylvania Schuylkill Valley.—Owns from Philadelphia to
over par with the surplus proceeds of Ph. W. A 9. dividends.
New Boston, Pa., 101 miles, and Frazer to Phoenixvillo, 1L miles;
The collateral trust loan of 1883 is secured by the deposit of mortgage branches, 5 miles; total: 117 miles. This is controlled by the Pennsyl¬
bonds of subsidiary lines to the par value of $12,500,000.
vania RR. Co
which leases it for 50 years from Dec., 1885. 1 ho
Operations, Finances. ac.~The total cost to the Pennsylvania Rail¬ bonds are owfted by the Pennsylvania RR. and issued in pieces of
road Co. of the stocks and bonds of other companies held in its treasury $100,000, convertible into $1,000 bonds. There is a sinking fund of 1
Gross earnings in 1887, $938,was, up to Dee. 31, 1887, $108,709,107 (par value of the same $142,- per cent, .stock is owned by Penn. RR.
687,806), most of which is represented on the other side of the balance 865; net over expenses and taxes. $153,916 : rental $91,120. Gross in
sheet by issues of Penn. Railroad stock aud bonds and other debit items; 1886, $532,143; net, $11,491; rental $13,870. J. N. DuBarry, Prcs’t.
the balance to credit of “ profit and loss” was $17,608,947.
Pensacola Sc Atlantic.—Pensacola, Fla., to River Junction,: Fla.,
A plan of buying the company’s guaranteed securities with
1 per 160 miles. Road completed Feb., 1883. Operated by Lou. A Nash, since
cent of the net income per year is in operation, and up to Jan. 1, 1888,
Jan.. 1885, and connects its system with the roads of Florida and So.Ga.
there had been purchased "for the fund securities of the par value of
Stock, $3,000,000. To June, 1.887, the company had acquired 1,860,425
$5,584,400, which yielded an interest of 6-91 per cent per annum uuon of the 4,000,000 acres of land granted by the State of Florida an l had
the purchase price.
sold 397,041 acres. In 1886-7 167,082 acres were sold for $152,093.
From Jan. 1 to Mar. 31, 18*8 (3 mos.), gross earnings on lines east of
I11 addition to the bonds above given there arc $975,000 6 per cent
Pittsburg and Erie were $13,119,995, against $12,27<>,992in 1887 ; net. land grant bonds issued to the Louisv. A Nashv. RR. In year ending
$3,854,816, against $4,030,449 in 1887.
Deficit on lines west of Pitts¬ June 30. 1886, gross earnings were $294,616; net, $33,679. In 1*86-7
burg and Erie, $153,295 in 1888, against surplus of $371,128 in ’87.
The report for 1887, was in the Chronicle, V. 46, pp. 318 and 322. gross, $312,152; net deficit on operating. $4,335; interest, $221,150;
other interest, $5,019; taxes, $17,069; deficit for } ear, $256,772.
A summary of the total business of 1887, compared
with previous
Peoria Sc Bureau Valley.—Owns from Bureau Junction to Poo
years, is shown in the following :
ria, Ill., 47 miles. The road was leased in perpetuity April 14, 1854, to
EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG A ERIE.
the Chicago A Rock Island Railroad at a rental of $125,000 per annum.
1885.
1886.
1887.
Peoria Decatur A: Evansville.—Owns from Pekin to Evansville,
Gross earnings
$92,994,549 $101,697,981 $115,515,506 235 miles; branch—StewartHville, fnd., to New Harmony, Ird.. 6
61,690,901
67,102,714
77,238,082 miles; leased, Pekin, Ill., to Peoria, Ill., 10 miles; through Ducat nr,
Operating expenses.
3 miles; total, 254 miles.
This road is a consolidation of the
Net earnings
:
$31,303,648 $34,595,267 $38,277,424 Pekin Lincoln A Decatur RR. and the Decatur Mattoon A So. and tho
The income account below embraces all receipts and expenses of the Gray ville A Mat. Tlio road is operated in harmony with the Evansville
Pennsylvania Railroad proper, but not including the roads west of Pitts¬ A Tene Haute. (See full statement of the Co. and balance sheet in V.
burg A Erie operated by the Pennsylvania Company. The account for 44, p. 552.) Annual report for 1887 in V. 46, p. 351. Gross earnings
in 1886, $814,744; net, $336,981; gross in 1887, $876,474; net, $351,the years 1385, 1886 and 1887 was as follows:
,
tem embraces about
'
$667,093
69,895
324,800
698,390
15,000
90,000
$1,000,639
58,621
cent in scrip; in 1881. 8; In 1882, 8^; in 1883,8*2; in 1884,7;
,
....
INVESTOR’
SUPLEMNT.
[Yol.
xlvi.
RAILROAD
May, 1888.].
Subscribers will confer
a
STOCKS
AND
RONDS
great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For explanation of column headings, Ac., see notes
first page
on
of tables.
Miles Date
of
of
Road. Bonds
Size,
INTEREST OR DIVIDENDS.
or
Par
Amount
Value.
Outstanding
$1,000
$3,000,000
1,000
1,000
1
Rate per When Where Payable, and by
Cent.
Whom.
Payable
13,943,000
Bonds—Prlnoi
pal,When Due.
! Stocks—Last
Dividend.
Philadelphia <£ Erie.—(Continued.)
2d M. (to be retired wirh 4 p. 0. gen. moit. bds.)c
Gen.
M.,g.,
by Pa. RR.($5,263,000 g. 5s)..eAr
Debenture bonds, s. f. $15,000 y’rly, dr’n at par .r
Phil. Germ. <6 Chestnut Hill— 1st M., gu. by Pa. RR.r
Phil. Germ. dCNorrist’n—Stk. 12 %rent.,Ph.AR. RR..
Philadelphia Newtown <£ New York—Stock
iftt mort., guar, by Phila. A Read., coup
Philadelphia d Read mgr—Stock (for |$39M74,911)..
Mortgage loan, sterling, coupon
guar
”
<io
21
21
Deferred income bonds.
Car Trust Certificates, Series “A”
do
do
“B”
do
do
*
“C”
P. A R. Coal A I., purchase money mort. bonds...
Phila. <£ Trenton—Stock, 10 p.c. rental, Penn. RR..
....
327
327
327
327
-
1843
1843-9
1857
1868
1871
1873
1874
1882
1888
1*88
1888
18S8 1
1
50
50
100 Ac.
50
£500
967,200
1,499,500
1,000
200 Ac.
1,000
1,000
500 Ac*.
1,0 30Ac
1,000
1,000
1,600
....
....
2,231,900
1,200,000
700,000
(?)
500 Ac.
1,000
....
....
7
J. A J. Philadelphia. Pa. RR.
5 A 6 g. Various Philadelphia A London.
F. A A. Philadelphia, Penn.RR.
4*2
M. A N. Pliila., Penn. RR.Oihce.
4^2
3
Q.—M. Phila., Treasurer of Co.
1,470,000
1,000,000
1,000
29
convertible, coupon
Mortgage loans, coupon
?
Consol.^mort. ($8,162,000 are gold 6s) cp. or reg.
Improvement mort., gold
Gen. mort.. gold, $ and £, cp.($5,000,000 are 7s).
Consol. M, of ’82, 1st ser., gold, $ A £
c*
New gen. mort., gold ($100,000,000)
c*«fcr
1st pref. income M., not cum. ($24.400,000/
e*
2d pref. income M,, not-cum. ($22,500,009)
c*
3d pref. income M., not-cum. (part convert.). ..c*
1868
1869
1885
1883
"7
dollars^ coupon
do
287
287
79.000
2,700,000
18,811,000
9,364,000
24,579,000
5,711.459
(?)
(?)
(?)
(?)
6,225.327
1,000,000
612 000
....
*6*
a.'ao.
*6*
July 1, 1888
July, 1, 1920
Feb. 1, 1915
Mav 1. 1913
Mar. 3, 1888
J.
Phila., 227 So. 4tli St.
Oet.
1, 1897
A *J.
^ondon.
July, 1910
6
J. A J.
Philadelphia, Office.
July, 1910
6
J. A J.
do
do
July, 1910
7
A. A O.
do
do
Oct. I, 1893
6 g. or 7 J. A I).
do
do
June, 1911
6 g. A. A O.
Philadelphia.
Oet. 1, 1897
7 A 6 g J. A J.
Last paid July, 1.881
July 1, 1908
5 S■ M. A N.
Last paid May, 1884
May 1. 1922
4 g. J. A J.
Jan. 1, 1958
5 g. Feb. 1. 1st coup, due Feb. 1, ’39
Jan. 1, 1958
5 g. I’M).
1.
do
do
Jan. 1, 1958
5 g. Feb. 1.
do
do
Jan. 1, 1958
6
Irredeemable.
6
F. A A. 1st coup, due Frb. 1, *S9 $200,000 y’ly.
6
M .AS
do
do
102,000 y’ly.
4*2
do
do
Q— M.
120,000 y’ly.
6 A 7
Various
1892 to 1894
....
'
1,080.000
....
*39
1872-4! 500
Ac.
100
12,825.805
1,259,100
!
2*3
Q.-J.
Philadelphia, Oflice.
April 10, 1888
1
807;
interest, $269,820; car trusts redeemed, $48,000; surplus,
$33,9S7. (V. 44, p. 149, 212, 276, 309, 342, 552; V. 45, p. 20; V. 46, p.
351.)
Peoria Sc Pekin Union.—Owns from Pekin to Peoria, 10 miles
each side of Ill. Kiver; total operated, 20 miles. The road is a union
on
road, and the stock of $1,000,000 was taken by the different Peoria
RR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p. 253. In 1887 gross
earnings were $384,872; net, $183,947; surplus over interest and
charges $175
Gross receipts in 1886, $226,352; net, $48,365; delicit
under interest, rentals and taxes, $23,977
A. L. Hop iins, President,
^Philadelphia Sc Reading.— (.S’cc Map.) Line of Road—Owns
Philadelphia to Mount, Carbon, Pa.,98 miles ; branches owned,
229 miles; leased imes.537 miles; roads controlled, 76 miles: total
oper¬
ated November, 1887. 911 miles. The Sliamokin
Sunbury A Lewisburg,
and the Jersey Shore Pine Creek A Buffalo and
other'liues, form the
connecting roads to the N. Y. Cent. A H. at Geneva and Lyons, N. Y.
main line
Organization, Leases, Ac.—The Philadelphia A Reading Company
chartered April 4, 1833. to build from Philadelphia to
Reading, and
on May 13. 1872, the Mount Carbon
Railroad was merged and became
part of the main line. Road opened Philadelphia to Pottsville in Jan.,
1842. The Philadelphia A
Reading Co. leases a number of roads in
N. Y.
Pennsylvania, including the Catawissa, Chester Valley, Colebrookdale,
East Pennsylvania, Little Schuylkill. Mine
Hill,-Schuylkill Valley, Phila¬
Perkiomen.—Owns from Perkiomen Junction, Pa., to Emails
Junction, 39 miles. The road was leased for 19 years from Aug. 1, delphia Germantown A Norristown, Philadelphia A Chester, Sliamokin
Sunbury
1868, to Phila. A Reading RR., and bonds guaranteed by the lessees; but the NorthA Lewisburg, Schuylkill A Lehigh aha some minor roads; also,
Pennsylvania Railroad and Delaware A. Bound Brook, form¬
the property was surrendered in May, 1879. stock subscription, $38,040. A proposed plan of reorganization provides for cancelling present ing the line from Philadelphia .to New York, and controls Reading &
Columbia. The fiscal year ends November 30. The annual election is
debt and issuing a new mortgage for 82,250,000. (8ee V. 45, p. 53.)
held early in January.
There was due Phil. A Read. RR. Nov. 30, 1887, on loan account,
The Philadelphia A Reading Coal A Iron
Company is a corporation
$781,120; on current aucoun\ $51,621.
Net earnings in 1883-84,
formed
$99,201; in 1884-85, $121,537; in 1885-86, $89,775; in 1886-7, $67,648; tensive (Dec. 12, 1871) for the purpose of owning and working the ex¬
coal properties of this company. The Pliila. A Read.KK. Co. owns
interest, $114,143. (V. 44, p. 335; V. 45, p. £3, 473, 705.)
all the stock ($8,000,000) of the Coal A Iron
Company.
The P. A R. RR. and the Iron Co. were in the hands of receivers from
Petersburg. — Petersburg. Va., to Weldon, N. C., 63 miles. In May
1877, a receiver was appointed, but steps were taken by second mort- May, 1880. to May, 1883. Again in June, ’84, receivers were appointed
and held the property till Jan. 1, 1888.
I'heP. A R. Riiiroad Termiuul-Comnany with $3,500,000 bonds and
323,500 preferred stock and $1,000,000 common stock. $440,000 Class
“A” bonds are still in hands of Central Trust Co., of which $350,000 are $3.5 jO.OJO stock was organized as per statement in V. 46, p. 413.
reserved to retire old 1st mortgage 8s.
Stock and Bonds.—The common stock remains of the same amount
In year ending 8ept. 30,
1887, gross ca llings were $351,889; net, $122,096; surpms over in¬ as before reorganization
The dividends paid on Philadelphia A Read¬
terest and guar, dividends on pref. stock, $7,817; dividend No. 1 on ing stock from 1870 to
1875, inclusive, were 10 per cent each year; in
common
stock (3 per cent), $28,824.
In 1885-86, gross earnings,
1876 2Lj per cent was paid and
nothing since.
$359,596; net, $160,934—tV. 43, p. 608 ; V. 46, p. 574.)
The range of P. A R. stock yearly m Philadelphia since 1875 has been:
in 1876, 18bsd>55; in 1877, 10^204; in 18<8, 1138@1934;
Philadelphia Sc Baltimore Central.— Philadelphia to West¬
in 1879,
chester, 26 miles; Westchester Junction to Octora.ro Md., 46 miles; 11 1s®3758; in 1880, 6M36l2; in 1881, 25^937H; in 1882, 23^s9
leased Chester Creek Railroad, 7 miles; total operated, 79 miles. This 336g; in 1883,2312@301^; in 1*84, 8Ja^30>4; in 1885. G38<7>12'7rt; in 1886,
was a consolidation, Oct., 1881, of the
Philadelphia a Baltimore Cen¬ 9 4j®27 : in 1887, 1714^357b; in 1888, to 31 «y 18 inch, 257s&337e.
The trustees of the general mortgage ol 1874 hold the bonds of the
tral and the Westchester A Philadelphia railroads. Of the new stock
Philadelphia Wilmington A Baltimore RR. holds nearly all and operates Coal A Iron Co., viz., $29,737,965 mort. of 1 871 and the Phila. A Read.
the road, paying over net earnings as rental.
In year ending Oct. 31, Co. also holds the $l0,000,00u mort. of the Coal A Iron Co. dated 1876.
1887, net earnings were $143,184;.deficit under charges, $1,830. In
Operations, Finances, Ac.—The Philadelphia A Reading Co. lias
1885-86, net earnings. $166,129; surplus overcharges, $20,859.
been the largest of tho anthracite coal carriers, and
through its auxiliary,
Philadelphia Sc Erie.—Owns from Sun bury to Erie, 287 miles. the Philadelphia A Reading Coal A Iron Co., became a large owner or
Formerly Suuhury A Erie RR. It was leased to Pennsylvania RR. for coal lands.
In May, 1880, receivers were appointed and held
999 years from Jan. 1, 1862, the lessees to pay 30
possession till May.
per cent or gross
Bui m June, 1881, the company again went into receivers'
receipts as rental, but modified January 1, 1870, so that actual net 1883.
reoeipts are paid as rental. The general mortgage is guaranteed by the hands, and so remained till January, 1888.
In Feb., 1886, the Drexel-Morgau syndicate of bankers was
Pennsylvania Railroad and the interest on the 6s is paid J. A J., oh the
formed,
5 per cents A. A O. The unpaid coupons are held bv the lessee for ad¬ with a proposed capital afterwards raised to $2
',000,000, lor effecting
re or ouiization.
Tho plan was published at length in the. Chronicle of
vances, and by terms of adjustment in Jan., 1885, made with the Penna.
Railroad Co. the P. A E. issued $1,500,000 debenture bonds at 4Lj per March 27, j8S6, on p. 394, Ac., and the complete plan, as
modified, in
cent, secured b}r the overdue coupons held as collateral. The Peun. RR. the Chronicle of Dec. 18. onp. 747 (V. 43. p. 717); and out of $132,Co. owns $3,501,800 common and $2,400,000 pref.
942,626 of bonds and stock of the Reading and its leased companies,
stock, $l,470,0oo
debentures and $3,680,000 6 per cent general mortgage bonds.
$125,360,725 assented to the reorganization scheme prior to Nov. 30,
From January 1 to Mar. 31, 1888 (3 mouths), gross
earnings were 18*7, while of the $5.76*,722 first series consol, fives not deposited, the
holders of nearly all had agreed to accept payment of their bonds at
$772,842, against $843,849 in 1887 ; net, $458,3 73, against $359,345.
Last report was in Chronicle, V. 46, p. 246, giving the
anytime. The general, and first, second and third preferred income
following :
mortgages (Trustee of all Penn. Co. for Ins. on Lives, etc., of Philadel¬
INCOME ACCOUNT.
was
.
fage bondholders to prevent a sale, and reorganization was made with
Receipts—
1884.
$
1885.
1886.
1887.
$
3,708,485
$
4,036,930
Total earnings
3,660,146
Net earnings
Rents
1.453,080
$
3,292,253
1,292,880
9,120
1,465,953
8,471
1,579,8*3
10,836
13,396
1,467,200
1,250,218
1,301,351
1,187,713
1,476,7 89
1,339,328
1,472,298
Surplus
216,982
113,638
-(V. 44, p. 273; V. 46 , p. 134, 226 371.)
137,461
120,981
Total income
Total diebursem’ts
1,593,279
phia) cover iu addition to the 3^7 miles of road owned, the title to leased
lines (mostly leased for 999 years), all real estate,
rolling stock and
vessels of the Company, $3,000,000 P. A R. Coal A Iron Co. stock, as
well as the real estate of tiiat Company, and
subject to a mortgage to
P. A R. RR Co. dated July 1, 1874, stock in other'coal and iron com¬
panies amounting to $7,448,975. The general mortgage is further se¬
cured by pledge of $39,266,820 P. A R. RR bonds,
being those which
assented to the plan of reorganization.
Third preference bonds for
$20,131,201 are to be issued only in exchange for certain outstanding
bonds, and $6,631,301 (being those given in exchange for P. A R. 7 per
cent convertible bonds) are convertible at option of holder into
pre¬
ferred stock.
No limit is set to issue of
bonds under this
mortgage, but
till 1893 the voting trust must give its conseut before the above amount
Sc Clicstnnt Hill.—In Philadel¬
phia from Germantown June., on Connecting Railway, to Chestnut Hill, of $20,131,201 can be increased.
From Dee. 1, 1887, to Mar. 31, 1888 (4
Bundles. From May 1, 1883, leased for 30 years to the Pennsylvania
mos.), gross earnings of P. A
HR. Co., which guarantees 4^ per cent on the bonds. Rental net earn¬ R. RR. were $5,331,561, against $6,425,374 in 1886-87; net, $1,896,859
Including Coal A Iron Co. net earnings were
ings. There is a sinking fund of $10,000; bonds purchased, not drawn, at .against $3,046,030.
par. Penn. RR. owns $999,750 of the $1,000,000 stock (par $50). Gross $1,551,814. against $3,095,852.
The liseal year ends Nov. 30; the report for 1886-7, in V.
46, p. 73,
earnings in 1887, $170,421; net over expenses and taxes, $25,161.
showed the following:
Philadelphia Germantown Sc Norristown. — Philadelphia.
1885-86.
1886-87.
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles; Ply¬ Net earnings RR. Co
$8,482,65*7
$10,981,572
mouth Railroad, 9 miles; total, 29 miles.
The property was leased Net earnings Coal A Iron Co
Loss. 1,147,055
Profit, 1,448,482
Nov. 10, 1870, to Philadelphia & Reading Railroad for 999
years at a
rental of $269,623 and $8,000
yearly for organisation expenses. Divi¬
Total net both companies
$7,335,602
$12,430,054
dends of 12 per cent per annum are regularly paid. Stock
Deuuct—
$2,246,000
—par, $50.
Rentals RR Co
$3,620,939
$3,300,383
Philadelphia Newtown Sc New York.—Owns from Erie Ave.» Interest RR.Co
6,222,863
5,478,132
Philadelphia, to Newtown, Pa., 21 miles. Capital stock, $1,200,000- Interest Coal A Iron Co
984,684
79^,272
The bonus were guaranteed by
the Philadelphia A Reading R R Co. The
road is operated by its owners and in connection with the
Total deductions
;
P.AR. system.
$10,828,4°6
$9,572,787
In 1885-86 earnings were
$80,450; expenses, $86,629; delicit, $6,179.
1 Balance, both companies.
Deficit. $3,492,884 Surplus. $2,837,267
Philadelphia Germantown
INVESTOR’
SUPLEMNT.
IVol.
xlvi
Subscribers will confer a great
Miles
Date
of
of
Road. Bonds
explanation of column headings, &e., see notes
on first page of tables.
506
Philadelphia Wilmington & Baltimore—Stock
Plain bonds, registered
do
do
do
do
p.
■
•
•
....
(for $1,000,000)
Piedmont <£ Cumberlandr— 1st rnort., gold
Pine Creek— 1st mort., guar
Pitts. 0.4 St. L.—1st M., consol
’2d consol, mortgage
1st mort., Steub. A Ind., extend, in 1884
c*
cAr.
r
c
Holliday’s CoveRR. mortgage bonds
c
B. AO.
not
C
Sl!J5‘cum'’ n°!E<
Pittsburg junction— 1st M., gold
Pittsburg <f Lake Erie— Stock
Pittsburg McK. cC Yough—Cons, stk., guar. I\ A L. E.
1st mortg., guar, by P. A L. E. and L. S. A M. S..
2d mortg
Pittsburg Painesville if Faii'port—1st M., gold
c*
Pittsb. Va. & Charleston—1st mortgage, gold
j
Pittsburg if Western.—1st M.,g.(for $10,000,000).e*!
1st mortgage Pitts. Newcastle & Lake Erie
I
70
70
65
62
62
62
70
226
RAILROAD
OF
AND COAL A IRON
f
\Coal carried |
Output of
IVrchundisc coal C. •£ I.
(tons of
2240 lbs.),
cur rial one
Co., tons
one
mile.
mile.
2240 lbs.
'
1,000
100 Ac.
£200
100 Ac.
100
100
500 Ac.
500 Ac.
500 Ac.
The average annual net earnings of
from 1880 to 1887 were $0,757,311.
5,250,000
5,160,000
2,000,000
1,440,600
2,050,000
2.000,000
1878
1,000
50
1884
1882
1,000
1884
1,000
1886
1,000
1882
1,000
1887
1.000
1878 | 500 AC.
3,000,000
2,250,600
850,600
1,000,000
3 000,000
9,350,000
219,000
A
A
A
A
A
-i
\ Bonds—Prinoi*
A
A
A
A
A
A
A
A
A
A
A
A
A
Where Payable, and by
Whom.
J.
0.
O.
0.
D.
N.
A.
D.
A.
O.
J.
J.
A.
ipal,When Due,
Pliil’delphia, Co.’s Office
do
do
New York.
Balt.. Balt. A Ohio RR.
Pittsb., First Nat. Bank
do
do
do
do
do
do
do
do
do
New York and Balt.
Phi la. P. A R. RR. Co.
Phila., Pa., RR. Office.
do
do
lhj
Y., Nat. City Bank.
Phila., Pa. RR. Office.
A.
J.!London. J.S.MorganACo
A.j
Now York
Agency.
! N. Y., Winslow, L. A Co.
do
do
Various j
do
do
Various
do
do
A. A O !
do
do
J. A J.) N.Y.,3dNat Bk.APitts.
J. A J.i N. Y., Chemical Nat. Bk.
J. A J.| N. Y., Phila. A Pittsb.
Q.-J.
6
6
•*> g-
5
4 g.
7
J.
J.
J.
A J. N.Y., Union Trust Co.
do
do
A J. i
A J.; N. Y.,Mercantile. Tr. Co.
A. A O.i
Philadelphia.
J. A J. N. Y.. Drexel, M. A Co.
J. A IX;
do
do
The statistics of the report
Jan.
2, 1888
April, 1917
for 1887
1884.
Total gross earnings.
Op. exp. and taxes..
4,045,257
Net earnings
P.c.of op.ex.to earn’s
1,313.297
2,731,960
are as
Oct.
1.
1892
April 1. 1900
June, 1910
Nov. 1, 1922
Aug. 1, 1911
Dee. 1, 1932
Aug. 1, 1900
April 1, 1913
N.
Q.-J.
7
7
7
6 g.
6
6 g.
Stocks —Last
Dividend.
do
O.
J.
Q.-J.
10,776,800
50
Jan.
Jam
Feb.
Oct.
1, 1914
1, 1890
1, 1893
1, 1922
July, 1898
Aug* 1, 1889
Jan.
Feb.
1, 1926
1, 1925
Apr. 3, 1888
April 2, 1888
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1922
Jail.. 1888
Jan. 1. 1928
April
July
July
July
April
July
1, 1888
1, 1932
i; 1934
1, 1916
1, 1912
1, 1917
June 1, 1898
below:
1885.
1887.
1886;
4,033,623
2,681,633
4,752,596
3,130,690
5,808,37*
1,351,990
6648
1,621.906
1,791,159
65*87
69*16
4,017,219
Net
Cross re-
e’rnings
of RR. and
Coal if Iron
companies.
companies.
4,696,106 $32,177,003( $8,861,138
5,422,600 35,286,463 10,051,888
5,624,789 37,300,162! 10,647,770
6,074,131 40,045,615 11,855,181
8,950,554
5,672,6-4 37,009,753!
7,926,304
6,040.178 34,343,501]
7,335,603
6,20 ->,202 35,083,096;
6,901,497 41,188,737; 12,430,054
1880... 518,859,348 253,309,495
583,689,725 303,460,473
628,975,470 327,347,373
713,984,492 305,87 L,807
588,980,525 319,279,871
665,018,573 359,526,194
727,179,462 39 8 v86*2,487
835,308,697 444,614,423
1881...
1882...
...3881
..4881
...5881
...6881
1887...
326,600
1,000
ccijtts both
i
1^
120,000
2,400,000
4,000,000
....
COMPANIES.
J.
A.
A.
A.
iL
M.
g. F.
J.
F.
A.
J.
J.
F.
g- A.
J.
F.
I.
g.
g. F.
19,714.286
6,863,000
2,500,000
3,000,000
134,000
The following talle shows tratlic and /joint earnings for eight years,
excluding the business under Central RR. of New Jersey lease:
DARNINGS
Payable
4
4
6
6
5
4
5
6
7
7
5
7
6
6
7
6
6
5
1,000
....
....
Cent.
251,000
650,000
3,500,000
1,000
....
When
6,292,000
10,000,000
1.000
1,000
1,000
1,000
1,000
1,000
1871
1862
1862
1862
1881
4^4
1st mortgage, gold, coupon
TRAFFIC AND
95
Rate per
$50 $11,819,350
1,000
1,000,000
700,000
1,000
800,000
1,000
1,000
1,000,000
1883
1868
1873
1864
1864
1863
1882
1868
1859
1876
1885
149
149
468
468
468
468
468
Amount
Outstanding
Value.
1886
10
1st mortgage Turtle Creek division
Consol, mort., guar. B. & O. (s. f. £7,200 pr. yr.)..
2d consol, rnortg., gold (pledged for B.A O. bonds).
Pittsb. Ft. Wayne <£• Chic.—Stock, 7 p. et., guar. Pa.Co.
Guaranteed special improvement stock
1st mort. (series A to F) i
k fnnd
pmn
2d
do
(series G to M) /
BONDS
INTEREST OR DIVIDENDS.
or
Par
....
199
199
125
33
7
78
149
c
Size,
1887
1872-4
1875
1880
1887
30
Col. A Newark Division bonds
.
•
....
^
Pittsb. Oleve. <6 Toledo— 1st M., gold.int. guar.,
Pittsb. (6 Gonnellsville.—1st mortgage
AND
favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
STOCKS
EAILROAD
May, 1888.1
the railroad and coal companies
The total lixed charges untier re¬
67*53
INCOME ACCOUNT.*
1884.
Receipts—
Net earnings
$
1,313,297
Rentals and interest
Net from l’sed roads.
Miscellaneous
Total income
Rentals paid
Interest on fund, d’bt
Other interest
Int.on C. AM.Val.bds.
Loss on St. L.V. AT. II.
Cin.AMus. V. RR.
Miscellaneous
1886.
1887.
$
1,621,906
1,791,159
$
4.624
4,835
4,974
5,778
423,531
373,330
432,897
654,955
1,735,744
$
2,059,777
$
2,451,892
830,881
646,990
178,615
52,500
931,518
04«,990
133,104
64,639
428,482
64,639
119,300
589
1,741,452
Disbursements—
1885.
$
1,351,990
$
849,920
646,990
183,850
105,000
33,011
42,003
27,888
$
938,683
646,990
150,054
organization (including $42 2,000 per year for car trusts) will be
$8,443,514 per year.
’
—(V. 44, p. 22, 61, 89, 00, 185, 212, 244, 276, 309, 344, 401, 431, 450,
466, 527, 544, 551, 586, 701, 714, 752, 7S2, 800; V. 45, p. 26, 54. 85,
143, 211,240, 272. 305, 341,438. 473, 509, 539. 572, 600, 705, 743,
66,917
792; Y. 46, p. 39, 73, 76, 134, 171,289, 413, 464, 538.)
14,172
113,217
Philadelphia Ac Trenton.—Owns from Kensington, Pa., to MorTotal
1,888,662
1,775,903
1,725,784
1,848,944
risville, Pa., 26 miles and Tioga Branch, 1 mile; leased—Trenton Bridge.
Connecting Rail road, 7 miles, and Fraukford A Holmesburg Railroad, 4 Balance....
def.147,210 def. 40,159 sur. 333,993 snr. 602,948
miles; total owned and leased, 39 miles.
On Dec. 1, 1871, it was
*
Exclusive of Col. Chic. A Ind. Cent.
leased with the United Companies of N. J. for 999 years to the Penn.
GENERAL BALANCE AT CLOSE OF EACH FI8CAL YEAR.
RR., at 10 p. c. on stock, and is operated as a part oi its N. Y. division.
1885.
1887.
1884.
1886.
Philadelphia WiluiiHgton A Baltimore.—Mileage as follows:
$
$
Philadelphia Wilmington a Baltimore RR., 122 miles; Philadelphia &
$
$
Assets—
Baltimore Central, 79 ; Delaware RR., 100 ; Queen Anne & Kent RR.,
RR.,equipment, Ac.. 20,798,277 20,870.740 20,965,392 21,202,077
26; Delaware A Chesapeake, 55; Cambridge <Si Seaford RR., 27; Del. Stocks owned, cost..
1,085,967
1,085,967
1,085,967
1,085,967
Md. A Va. RR., 98 miles ; total operated, 506 miles. Owns over half the Bonds
23,750
23,750
23,750
own°(l, cost
stock of the Phil. A Balt. Cent.
\
16,130
21,744
38,17
16,021
Betterm’tstol’s’dr’ds
From 1868 dividends of 8 per cent on the stock have been paid each
951,613
1,191,589
1,119,287
1,036,391
Bills A aects. reeeiv..
580,465
year. In April, 1881. nearly the whole stock was purchased and is held Materials, fuel,Ac...
389,995
330,697
292,014
by Penn. RR. Co.
293,843
Fiscal year ends October 31. For four years the Cash on hand
276,134
322,045
258,918
“
*
..
..
income account
was as
follows:
Cin. Str. Conn. Ry...
Profit A loss balance
INCOME ACCOUNT.
1383-4.
Cross
1885-6.
$
$
13S6-7.
$
6,004,764
1,862,630
6,007,805
1,471,028
1.855,178
1,783,810
133,496
122,373
146,378
1,988,674
$
1,911,189
$
386,634
2,009,008
$
1,625,816
$
331,338
Net earnings.....
200,000
47,697
204,172
47,698
Other receipts
Total net income...
Disbursements—
Rentals paid
Interest on debt
200,000
201,485
47,682
Taxes
943,604
Dividends, 8 per ct
.
14,543
Tot.dis’ts,iuc.Sp.e.div.1,538,653
450,016
Balance, surplus
—
5,678,588
5,320,323
earnings
Miscellaneous
1884-5.
$
47,686
.
945,548
11,674
1,591,542
319,647
367,650
945,548
13,605
1,574,501
434,507
154,788
374,852
945,548
44,284
1,616,554
9,262
V. 44, p.185.)
Piedmont Ac
Cumberland.—Road extends from
Piedmont, West
It connects the West Va. Central 6c
Pittsburg RR. with the Pennsylvania RR. system, and lias a tratlic con¬
tract guaranteeing 5 per cent of gross earnings to and fiom this road
over the Pennsylvania Railroad.
II. G. Davis, President.
Pine Creek.—Stokcsdale Junction to Newberry Junction, Pa., on the
Corning C. A A. Road, 75 miles. Formerly Jersey 8horc Pine Creek A Bull.
RR. It is operated by tbe Fall Brook Coal Co., and forms a connection
between Philadelphia A Reading lines and N. Y. Central, and bonds are
guaranteed by these companies and the Corning C. A A., on the condi¬
tion that guarantors shall advance money for interest if needed and
take 2d mortgage bonds for such advances. Stock $1,000,000; par $50.
Stock and bonds were largely held by Mr. W. II. Vanderbilt. Gross earn¬
ings in 1886, $470,188 ; net, $121,536; rent of road, $141,056; deficit,
Va., to Cumberland, Md.. 30 miles.
$19,520.
In 1887, gross, $312,844; net,
$187,777; surplus, $40,835.
$228,612; rental to P. C.,
Pittsburg Cincinnati Ac St. Louis.—Owns from Pittsburg, Pa..
to Columbus, Ohio, 191 uiles; branches, 15 miles; total, 206 milesTliis wrs a consolidation of several companies, May 1, 1868, in
eluding the Steubenville A Indiana and the Pan Handle roads. This com
pany
is controlled by the
Penn. Company, through the ownership of a
&St. L. also lias leases of the Little Miami
majority of itsstocK. The P. C.
dependencies. Common stock, $2,508,000; first nref. $2,929,200;
preferred, $3,000,000; par value of shares, $50. Penn. RR.
owns $3,000,000 pref. stock.
1st mort. *10,000,Authorized amount
000, of which $3,137,000 reserved. The Co. is liable for $262,500 Cinn.
Street Connection Ry bo.ids assumed
There are also ear trusts, which
called lor au outlay of $70,611 in 1687.
and its
second
24,060,720 24,214,263
$
$
2,508,000
2,508,000
Total assets
Liabilities—
Stock, common
Stock,
5,929,200
preferred
Bonds
All other duesA acc’ts
Due Little Miami RR.
Cin. Street Conn.bds.
Miscellaneous...
Profit A loss balance
Total liabilities
64,639
396,124
..
12,617,000
1,451,050
845,826
262,500
447,144
5,929,200
23,879,426 24,370,071
$
$
2,508.000
2,508,000
5,929,200
12,617,000 12,617,000
2,013,724
1,680,136
845,290
845,826
262,500
38,018
24,060.720 24,214,268
64,639
5,929,200
12,617,000
1,787,248
262,500
37,298
759,639
262,500
37,299
469,185
23,879.426 24,370,071
—(V. 42, p. 366, 547; V. 43, p. 245; V. 44, p. 342, V. 46, p. 172.)
PiUabmg Cleveland Ac Toledo.—(See llap of I’iltsb. if Western.)
—From Newcastle Junction, Pa., to Akron, O., 77 miles. Stock $3,OOQr
LOO, par $50. Leased iu July, l884.for99 years, to Pittsburg A Western,
which
was
controlled by Baltimore A Ohio, and the Baltimore A
Ohio
Company guarantees interest on the P. C. A T. bonds (see terms in V.
39, p. 607.) In 1388 road is to be sold under a judgment, but subject
to the mortgages and lease. From July 1, 1887, to Feb. 2K 1888, gross
earnings were $335,934; net $114,679; surplus over interest about
$18,679. In the year ending Juno 30, 1886, gross earnings were
$406,825; net, $132,462; interest, rentals, Ac.,
$128,340. (V. 45, p. 727.)
Pittsburg Ac Conuellsville.—Owns from
$260,802; deficit*
Pittsburg, Pa., to
Md., 147 miles; branch, 2 miles; leased lines, 22 miles;
total, 171 miles. Leased to the Balt. A Ohio Railroad since Jan. 1,
1876. The city of Baltimore transferred its interest to the Balti¬
more Railroad
for $1,000,000, and the consolidated sterling mort¬
gage was made and guaranteed by the Baltimore A Ohio, of which
enough is reserved to retire the prior bonds. It is operated as the
Pittsburg Division of the Baltimore A Ohio RR. In 1884 the Balt. A
Mt. Savage June.,
Ohio issued its bonds for $10,000,000 secured by pledge of the
consolidated mortgage of the Pittsburg A Councilsvillo Kit.
above 2d
Stock is
$1,944,400; par, $50. In year ending Sept. 30, 1887, gross earnings
were $2,599,074; net, $1,004,263.
Pittsburg Fort Wayne Ac Chicago. Owns from Pittsburg, Pa^
toChicago, 111., 468 miles. The company made default Oct. 1,1857. and
again in 1859, and was foreclosed Oct. 24, 1861, and reorganized under
this title Feb. 26, 1862. On June 27, 1869, the company leased all its
interest,
road in perpetuity to the Peun. RR at a rental equivalent to
sinking fund of debt, and 7 per cent on $19,714,286 stock, which was
increased at that ume from $11,500,000. The lease was transferred
subsequently to tbe
Pennsylvania Company. The lessees are to keep
INTESTOKS’
96
Subscribers will confer a great
explanation of column headings, Ac., see notes
on first page of tables.
Date Size, or
of
Par
Value.
Road. Bonds
Lawrence RR., 1st mortgage
Ashtabula A Pittsburg, 1st mort
cA r
New mort. (for $4,000,000). s. f. 1 p. e., not dr.c*
Fort Huron it Northwestern—1st mortgage
c
Consolidated mortgage
c
Pert Jervis Monlicello it N. Y.—Dt M. ($10,000 p.m.)
Fort Royal & Augusta—1st mort., accumulating s. f.
2d mort., endorsed by Central Ga., sinking fund..
General mortgage income bonds, coup
Port Royal A Wi st Carol.- < on. M., s.f , red. at 110.c*
Augusta A Knoxville mortgage
Portland it Ogdensb.—1st mort., gold
Consol, mortgage (for $3,300,000)
Portland <t Rochester—Stock ($600,000)
Portland Saco <t Portsmouth—Stock (guar by rental)
Portland d- Willamette Valley— 1st mort., gold
Portsmouth <t /lore/*—Stock, 6 p. c. guar. East. Mass.
Porte. 61. Falls <t Con.— Stock, gu. same div. as East..
1st mortgage
e
Prescott <P Arizona—First mort., gold, sink. fund..e
2d mortgage, incomes
Providence dt Spring/.—1st M. (end. by City Prov.).
Providence it Worcester—Stock
Bonds
c'
Quincy < rnaha <t Kan. 0.—Pref. 1st mort
1 frf mortgage
18465.
Raleigh it- Augusta.—Stock
Ist^noit., funding coup
Raleigh <t Quston—Ast mortgage
Reading <t Columbia—1st mort., (extended)
c
c*
(extended in 1884)
<
128
17
62
122
218
218
10
112
112
229
68
60
94
73
73
23
51
6
6
6
2,143,000
6
7
6 g.
6 g.
3
3
7 g.
3
4*2
4i«
J.
Mileage.
907,951,237
953,564,515
903,083,277
630,000
...
500 Ac.
100 Ac.
...
100
1,500.000
400,000
769,000
100
100
500 Ac.
•
....
1877
1886
1886
1872
1,000
1,000
1,000
775,000
500,000
136
136
108
97
40
40
6
....
....
(0
(?)
873,000
1,000.000
1,000.000
650,000
350,000
5
1,000
1886
1873
1862
1864
1,000
100
1,000
lOOAo.
1.000
$9,204,314
8.237,156
9,129,340
$2,907,465
2,411,451
3,083,012
p. ct.
7
7
7
to Youngs¬
‘interest of Lake Sli. A Mich. So., which
owns
$2,141,-
in trust but the Vanaerbdt interest was
V. 45. p. 540.
In ’86 gross
$1,376,861; net, $375,655. In 1887, gross, $1,560,301; net,
9280,308: surplus over interest, Ac., $52,878.
Jno. Newell, Pres't,
Cleveland. O.
(Y. 44, p. 91,541; V. 45, p. 540, 673.)
Pittsburg McKeesport Sc Yongliloglieny.—Owns from Pitts¬
burg to New Haven, Pa., 57 miles; branches, 8 miles; total, 65 miles.
Road opened Nov., 1883, and leased to Pittsb. & Lake Erie RR. for 99
years, 6 per cent on the $3,100,000 stock and principal and interest of
the bonds being guar, by P. A L. Erie and Lake Shore & M. So. Cos., the
tarns.,
guarantees being endorsed on the share certificates and bonds. Gross
earnings in 1887, $891,816; net, $500,111; surplus over interest, Ac ,
$132,614.
J.
2h
Revenue,
Gross earnings in 1886 $641,838; net, $367,042; paid in:
terest and dividend, $360,380; surplus, $661.
$50. W. C.Quincy, President, Pittsburg, Pa.
....
1.242.000
1888
Stock, $3,100,000; par
Pittsburg Paluesville Sc Fairport.—Owns from Fail-port. O.,
A D.
A J.
3, 4, 5
A
A
A
J.
J.
8.
A D.
Mar.
19,1888
Aug. 1, 1895
Aug. 1, 1908
Nov.
Oct.
Mar.
Dec.
Jan.
1, 1927
1, 1899
1, 1922
1, 1927
1, 1899
July, 1898
Jan. 1, 1899
May 1, 1937
July 1, 1900
Jan., 1900
Nov., 1901
do
Jan. 2. 1916
do
Jan., 1916
July 1, 1892
Mar. 31, 1888
A J. Providence,Am. Nat.Bk
Q-M.
Stocks—Last
Dividend.
Agency.
Providence, Office.
A. A O. Providence R. I.H.T.Co.
J. A D.
New York.
J. A D
J.
J.
M.
J.
6
8
5
5
do
New York
do
Bonds—Princi¬
pal,When Due.
Jan. 14, 1888
Jan. 16,1888
Jan. 1, 1906
Jan. 1, 1888
Dec. 15, 1887
June 1, 1937
Bost., Eastern RR. Co.
«...
J,
6
6
7
3,500,000
Earnings.
see
....
100
from Pittsburg to New Haven, Pa., 57 miles, with
the road;
....
1,000
....
branches, 5 miles. Scrip certificates for $615,000, bearing 6 per cent
interest and pavable at will, are also outstanding. This company is
111 stock. The stock was put
allowed to vole and control
1,150,300
1,000,000
775,000
7
6
5
7
6
1877
Pittsburg Sc Lake Erie.—Owns from Pittsburg, Pa.
managed m the
591,707
1,000
town, Ohio, 68 miles; branch line to Newcastle. Pa., 2 miles; total, 70
miles. Leased from Jan. 1, 1884, for 99 years, the Pittsburg McKeesport
,
800,000
2,377,000
.
Pittsburg Junction.—From Monongahela River to Allegheny
River, Pittsburg, Pa., 444 miles, including side tracks and branches.
Built under auspices of B. & O. and Pittsburg A Western, which compa¬
nies made an agreement to pay $2 for each car, and guaranteed (separ¬
ately) a minimum of $240,000 per annum. In 1886 gross earnings
were $176,000 and net $140,090. Common stock is $960,000; preferred
stock, $480,000; par $50. Dividends paid as earned. (V. 44, p. 1L8.)
Youghioghenv RR
2
....
-(V. 46, p. 538.)
&
121.000
100 Ac.
The rental and
profit to lessees
had been large.
The Pitts. Ft. Wayne A Chic, leases the Newcastle &
Beaver Val., which in turn is leased again by the Pennsylvania Co.
The first mortgage bonds are in six series lettered A to F, inclusn •
of $875,000 each series, the interest on “A” series being payable Jan.,
ana July; on “B” it is Februa ry and August;; on “C” it is March and
September; on “D” it is April and October; oil “E” it is May and Nov.,
The second mortgage is also in
ana on “F” it is June and December.
six series of $800,000 each, lettered II to M inclusive (J omitted), and the
interest is payable Jan. and July on "G” series, Feb. and Aug. on “ H,”
March and Sept, on •* I,” April and Oct. on “ K,” May and Nov. on “ L,”
and June and Dec. on “M.” Lessee pays $104,100 yearly to sinking
fund, at d if bends cannot be purchased, funds accumulate. Of the 1st
mortgage bonds, $1,684,500, and of the 2d mortgage $2,018,500, and
$1,029,853 cash, were held In the sinking funds Jan. 1, 1888. The
special improvement stock is issued to Pennsylvania RR. for improve¬
ments, Ac., under article 16 of lease, which provides that the lessee
may issue special bonds or stock.
Operations and earnings for three years past were a s below; in the gross
the net profits on leased lines are included, and in the net the earnings
paid to the C. & P. road are deducted.
Passenger Freight (ton)
Gross
Available Div’d
Miles.
Mileage.
468 110,639.940
468 134,613,104
468 104,370,187
920,000
....
....
73
N.Y., Farm. L.ATr. Co.
3*2
50,000
112,000
1.500,000
-
755,000
1,000
18&6
•
Whom.
F. A A. N. Y., Winslow, L. A Co.
F. A A. Phil., Fid. I.T. A S.D.Co
M. A N. N.Y., Farm. L. A Tr. Co
A. & O. N. Y., First Nat. BanK.
M. A S.
do
do
New York Agency
J. A J. N.Y., H. B. Hollins A Co.
do
do
J. A J.
do
do
M. A N.
J. A J. N.Y., II.B. Hollins A Co.
J. A J. Last paid Jan., 1888.
M. A N.
Last paid May, 1876.
J. A J.
Portland.
J. A J. Bost., Eastern RR. Co.
J. A J, N. Y., Farm. L. A Tr. Co.
J. A J.
Portsmouth, Treas,
....
....
•
310,000
1,500,000
1,3 5,000
Where Payable, and by
Payable
],000
1879
1882
1887
1878
1882
1878
1887
1880
1870
1871
.
$1,700,COO
Rate per
Cent.
When
100 Ac.
1887
51
73
Outstanding
$50
53
29
11
Amount
1,000
1,000
1,000
1865
1878
tile road in repair and also pay taxes, expenses, Ac.
interest charge is about $3,12*5,000 per year, and the
Years.
INTEREST OR DIVIDENDS.
Miles
of
Pittsburg Youngstown it Ashtabula—Pref. Stock
2d mortgage, coupon
[Vol. XLVL
favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For
SUPPLEMENT.
1897
1928
1928
Jan., 1926
N. Y., Phila. A Balt.
Phila., Co.’s Office.
do
do
Jan. i, 1898
Mch. 1, 1912
June 1,1904
1888, $81,000 Pitts. & West. 6 p. c. bonds due Oct. 15,1900, real estato
mortgages for $175,935, and car trust certificates $310,269. From July
1, 1887, to Mar. 31, 1888 (9 months), gross earnings were $1,521,479;
net over expenses, rentals and taxes, $422,260; surplus over interest.on
bonded debt, $128,260. Pres., Jas. Callery, Allegh" City, Pa.; V.-Pres.,
A. J. Thomas, N. Y.
(V. 44, p. 370, 544, 752 ; V. 45, p. 26, 113, 439,
614, 705, 743, 820, 887; V. 46, p. 171, 255, 289, 510, 610.
Pittsburg \oung8town Sc Ashtabula.—Owns Kenwood, Pa.,
to Wampum June., Pa., 13 mites (operates WamDum June to Lawrence
Juno., 6 milet>); Lawrence June., Pa., to Ashtabula, O., 80 miles; Niles to
Alliance June., O., 25 miles; Canfield Branch, 4 mile*; total owned, 122
miles; total operated, 128 miles. In July, 1887, this organization was
made by consolidation of the Ashtabula & Pittsburg with the Alliance
Niles & Ashtabula, the Lawrence and the New Brighton & Newcastle
roads, under the above title. Stock authorized, common, $2,000,000;
pref'., $2,000,000; outstanding com., $1,333,342, and pref., $1,700,000;
both in $50 shares. Bonds of tie mortgage of 1887 (trustee, Farm.
L. A T. Co.) are reserved to retire divisional bonds. A sinking fund of 1
p. c. of outstanding bonds will purchase bonds of 1887 at not above par;
payments lapse when bonds caunot be purchased. In 1887 gross earn¬
ings were $486,394; net $452,080;
over fixed charges,
surplus
$221.000; out of which paid dividend $50,002. (V. 45, p. 112 ; V. 46,
p.
173, 191, 481, 538.)
Huron Sc Northwestern.—Port Huron, Mich., to East
Saginaw, Midi., 91 miles; Saginaw Junction to Sand Beach, 58; Port
Austin to Palms, 35; Port Huron to Almont, 34; total, 218 miles.
There is also an < quipment mortgage of $135,000. In 1887 the road
was to be sold to the Flint & Pere Marquette, but the sale was delayed
by litigation. In 1887 gross earnings. $328,066; net, $114,308: deficit
under fixed charges, $136,857.
John P. Sanborn, President, Port
Huron, Mich. (V. 45, p. 696.)
Port Jervis Monticello Sc N. Y.—Owns from Port Jervis, N. Y.,
to MontiCello, N. Y., 24 miles.
Was sold in foreclosure July 16, 1875,
and again sold out in Nov. 1886, and then reorganized under present
title. Extension Huguenot to Summitville in progress to connect there
with the Poughkeepsie A Delaware Valley road to oxtend thence to the
Poughkeepsie Bridge. The whole issue of bonds on old road and exten¬
sion to Summitv’e will he about $500,000. II. R. Loxv, Middletown, Pres.
Port Royal Sc Augusta.—Owns from Port Royal, S. C., to Augus¬
ta, Ga.. 112 miles. Leased in Sept., 1883, the Augusta A Knoxville road,
Augusta, Ga., to Greenwood, S. C., 68 miles, for 99 years, at 4 per cent
on stock of $127,639, and assuming the bonded debt.
Formerly Port
Royal Railroad. Sold in foreclosure June 6, 1878, and bondholders
organized this company. The Georgia Railroad was endorser on $500,.
,000 of the old bonds. The stock is $750,000, and in June, 1881, a
controlling interest was purchased by Central Georgia RR. parties. Of
the above income bonds $900,000 are also owned by that company. In
year ending June 30, 1887, gross earnings were $316,304: net, $42,897; surplus over interest and sinking fund, $5,177. Gross in 1885-86,
$309,175 ; net, $35,420. (V. 45, p. 696.)
Port Royal Sc West Carolina.—Owns Augusta, Ga., to Soartanburg, S. (J., Laurens to Greenville, 8. <\, and McCormick to Ander¬
son, 8. C.( 229 miles.
A consolidation of the Aug. & Knoxv., Greenwood
Laurens A Spart., Sav. Val. ami Greenv. A Laurens in 1886 with com.
stock of $1,234,000 and 6 p. c. non-cumulativo pref. stock $184,000.
The mortgage is for $2,500,000. Central RR. of Ga. owns $1,578,000
of the above bonds. $694,000 com. stock and all the pref.
In year end¬
ing June 30, 1887, gross earnings were $273,446; net, $13,177; deficit
under interest, $32,88 4. See V. 45, p. 643.
Portland Sc Ogdensburg.—Owns from Portland Me., to Fabyans,
Port
to Youngstown. O., 62 miles. Leased in Dec.. '86 to the Pittsburgh
Western the 52 miles from Fairport to Niles, and in 1887 the remainder
-91 miles.
It readies the Vermont Division (now St. Jolmsbury & Labe
of the road was leased in perpetuity to The Trumbull A Mahoning,
which is controlled by Pi.ts. A Western, rental being commuted in ad¬ Champlain) by using 14 miles of the Boston Concord A Montreal RR.
and a 3-mile link of its own.
In June. 1*^86, after foreclosure reorgan¬
vance.
Opel a ted at cost, but interest of bonds-is guaranteed. The ized as the P.AO.
Railway Company. • The city of Portland owns $714,Painesvilie A Mahoning RR. was sold In foreclosure June 3,1886,and
3tQ stock, a controlling interest.
P. P. & F. Co. organized. Com. stock,$800,000; pref., $250,000.
In year ending Sept. 30, 1887. gross earnings $353,566; net over
Pittsburg Virginia Sc Charleston.—From South Pittsburg, Pa.,
to Uniontowu. etc.. Pa., 75 miles. The stock is $1,505,000; par $50.
The bonds and $1,251,050 of the stock are owned by the Penn. RR.,
vliich pays net earnings as rental. Gross earnings, 1886, $629,104;
net, $252,232. In 1887, gross, $656,137 ; net over taxes, Ac.. $192,267;
spent for betterments, $84,000; dividends (2l» per cent, A. A O.), 5 per
cent. Dividends are paid as earned.
Pittsburg Sc Western.—{See Map)—Owns from Alleghany City,
Pa., to New Castle, Pa., 64 miles : Callery June, to Mt. Jewett, 137 m.;
Duck Run Branch, 3 m.; Claiion Branch,.6 m.; other branches, 2 miles;
total owned. 212 miles. Leases for 99 years P. c. A Tol., New castle
Junction, Pa., to Valley Junction, O., 77 miles, and the Pitts. Paines. A
Fairport RR., Niles to Fairport, in Ohio, 54 miles; and uses 26 miles
of Cl. Mt. V. A Del. RR., Akron, O., to Orville, O.; also owns entire
stock of Trum. A Mahoning RR., Hazleton ro Niles, O., 15 miles; and of
Pitts. Northern., 4 miles; total operated, 398 miles. Sold in foreclosure
June 8, 1887, and bought by the N. Y. committee; new company organ¬
ized June 25 according to plan in Ciiromcle, V. 44,p. .CO. Stock
authorized is, common, $7,000,u00, and preferred, $5,000,000, 5 per ct.
non-eumulative; both In $50 shares; outstanding Dec., 1887. $6,975,000
common and all the preferred.
Voting power of stock will be exercised
till Jan. 1, 1892, by J. Pierpont Morgan, J. L. Welsh and James Callery.
For abstract of mortgage (trustee Merc. Tr\ Co.) see V. 45, p. 439.
In addition to the above indebtedness there were outstanding,Feb. 29,
expenses amt taxes,
$81,104
;
surplus
over
interest, $67,886. Gross in
1885-86, $361,376; net, $121,782. V. 45. p. 743; V. 46, p. 102, 573.)
Portland
Rochester.—Owns from Portland, Me., to Roches¬
ter, N. H., 53 miles. By a settlement in 1881 all the old stock and
bonds were converted into the stock of the new Co. In Nov., ’35, a
lease to the Boston £& Maine was made for 50 years. In year ending
Sept. 30, 1887, gross earnings were $197,597; net, $13,622; surplus
over 6 per cent dividend, $8,127.
Portland Saco Sc Portsmouth.—Portland, Me., to Portsmouth,
N. II., 51 miles,
rt was leased May 4, 1871, in perpetuity to the East¬
ern Railroad, Mass., at 10 per cent ou stock.
Lease rental changed
May 21, 1877, and now 6 per cent. The Boston A Maine Railroad
leased the Eastern in 1884 with all its leased roads till 1927.
Portland Sc Willamette Valley.—Line of road from Portland,
Or., to Dundee, 28*g miles, connecting with Oregonian Railroad, with
which it has a freight contract for 15 years.
Bonds may he redeemed
at 105. Stock, $150,000.
Portsmouth Sc Rover.—Portsmouth, N. H., to Dover, N. H., 11
miles. Opened February 1, 1874, and leased for 50 years to Eastern
of New Hampshire at 6 per cent per annum on the stock. Operated
now bv Eastern (Mass.)
Frank Jones. President. Portsmouth, N. H.
Portsmouth Great Falls Sc Conway.—Owns from Conway
Junction, Me., to North Conway, N. H., 73 miles. The Eastern Railroad
in Massachusetts has made a lease of the road for 60 years from Deo. I»
BONS
RSAATILONCKDD
1Ma8 y.,j;
INVESTOKS’
98
SUPPLEMENT.
[Vol. XLVI.
discovered in these Tables*
Subscribers will confer a great favor by giving Immediate notice of any error
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on
first page
of tables.
Columbia—(Continued)—Debentures..c
Reading dk
Reading, 1st mortgage
Rensselaer dk Sara —Stock, 8 p. e. guar. Del.A H.Can.
Lancaster A
consolidated (for $2.000,000)..c*Ar
Richmond & Alleghany—1st mortgage, gold. .
Second mortgage, gold
1st mortgage,
Richmond dk Danville—3d mort.
(consol, of 1867)..
General mort., gold (for $6,000,000)
Debenture mortgage bonds, cumulative
ConsoLM. g. ($15,000 p. m.),$or £ ($14,500,000)0*
Northwestern, N. C., 1st mort., guar
do
new bonds ($15,000 per mile)
Richmond York River A Ches., 1st mortgage
2d mortgage
Stock guar. 6
do
do
do
do
ct
....
....
29
52
82
82
....
....
in London.)
rental N.Y.L.E.AW.
1st mortgage
r
Consol. 1st mortgage.
r
mort.,gold ($15,000 p. m.)...
Home Watertown dk Ogdensburg— Stock
1st sinking fund mort., Wat. A R. (extended)
Rome dk Decatur—1st
.....
25
25
4,497
gold (payable at 105).... o *
Roch.dk OeneseeVal.—Stock, 6%
Rock Island dk Peoria—Stock
79
252
252
141
141
....
Consol, mortgage ($50,000 are 7s)
Richmond & West Pt. Ter. R. dk TF. Co.-Stock
Preferred 5 per cent stock, cumulative
Collateral trust bonds,
193
38
38
Wash. Ohio A ^Western—1st mort.. guar
Rich* it Fredericksburg dk Potomac—Stock, common.
Stock, guar. ($19,300 guar. 6 per cent)
Convertible bonds
Coupon bonds of 1890
Coup b’ds of 1901 ($57,327 are & pay.
Richmond, dk Petersburg—Stock
15
....
p.
....
18
113
91
113
35
642
97
1877
1873
Outstanding
Where
Rate per
When
Cent.
Payable
Payable, and by Stocks—Last
Whom.
Dividend.
paid*Dee., 1879.
Last
350,000
6
7
J.
8,442,400
4
J. & J. N.Y., Del.A H.Canal Co.
1871
1,925,000
7
1880
1,000
4,982,000
7g.
1,000
4,000.000
617,300
5,378,000
3,551,000
1,145,000
500,000
400,000
400,000
6
6
6
6
5
6
6
8
6
MJ.
M.
M.
J.
A.
A.
A.
A.
J.
M.
J.
....
1881
1867
1874
1882
1886
1873
1888
1873
1880
$1,000,000
lOOAc.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500,000
100
....
1884
100
ICO
....
1,250,000
1,035,100
....
....
•
1870
....
•
.
....
....
1887
....
100
500 Ac.
100
100
1878
1885
1886
....
1855
1,000
650,000
100
100 Ac,
miles. It was proposed to extend the road to Springfield, Mass., 80 miles.
Stock is $517,150. In year ending Sept. 30, 1887, gross earnings were
24. In net, $43,092; earnings, $102,563; net, $38,032.
t109,658;1885-86. grossInterest, $34,452; extraordinary expenses, $13,-
Providence Sc Worcester.—Owns from Providence, R. I., to
Worcester, Mass., 44 miles; branches, 7 miles; total operated, 51 miles.
In May, 1888. a lease of this road Avas made to the N. Y. Provicence
& Boston for 99 years at 10 percent per annum on the stock which was
also to to increased $500,000 for terminal improvements, &c.
In
1886-7, grofs earnings were $1,270,828; net, $438,977; surplus over in¬
terest and dividends (9*2 p. ct.), $107,267. (V. 45, p. 673; V. 46, p. 573.)
Quincy Omaha Sc Kan. C).—Quincy to Trenton, Ill., 136 miles.
is successor to the Quincy Mo. A Pacific sold in foreclos¬
and reorganized. The stock is $2,000,000 distributed pro rata to
he old bondholders.
(V. 45, p. 856.
Ralelgli Ac Augusta.—Owns from Raleigh, N.C., to Hamlet, N. C.,
98 miles; Hamlet to Gibson, 10 miles; leases Monteure to Pittsboro. 12
miles; total, 120 miles. Formerly Chatham Railroad, and is, controlled
by Raleiirh & Gaston. In 1886 bonds were issued to redeem preferred
stock. Gross earnings in 1885-6 were $220,015; net, $69,324.
italeigli Sc Gaston.—From Raleigh to Weldon, N. C.. 98 miles
and Louisbnrg branch 10 miles. The stock is $1,500,000. In April, ’84,
This Company
ure
3 in Oct., 1885, and 2 in April, ’86. John M. Rob¬
7
1,500,000
150,000
450,000
5,000
guaranteed rental of $45,000 a year, which pays 4*2 per
$1,000,000 bonds, and the stock is to receive the same dividend*
as the stock of the lessees.
Lessees own $551,300 stock.
If Prescott Sc Arizona Central.—Owns from Prescott Junction on
the Atlantic A Pacific HR. to Prescott, Arizona, 73 m les. Stock, $1,.
200,000. Central Trust Co. of N. Y. is mortgage trustee. Five p. c. of
net earnings each year accumulates as a sinking fund; bonds purchased,
not drawn, at 110. T. S. Bullock, President, 42 Wall Street.
^Providence A: Springfield.—Providence, R. I., to Paseoag, 23
Richmond, Office.
5,6.7
7,637.000
555,200
25,000
N.
do
do
J.
Last paid Jan., 1883.
N. Last paid Nov.. 1882.
N. N. Y. Office, 2 Wall St,
do
J.
do
0.
do
do
do
O.
do
do
do
0.
0. N. Y., Cent. Trust Co.
J. N. Y. Office,- 2 Wall St.
N.
do
do
do
do
J
do
do
....
40,000,000
5,000,000
1,000
A
A
&
A
A
A
A
A
A
A
A
A
3*3
M.
J.
J.
8
150,000
357,327 5 g. A 6 M.
J.
3*2
1,000,000
6 & 7
M.
384,000
....
....
g.
172,720
100
....
g.
500,400
• •
....
1875
g.
3
4
497,500
....
g.
Phil. Co’s Office.
A J.
7,153,300
418,100
6 g.
3
2*3
10
6
6 g.
3
6
J.
F.
J.
J.
J.
J.
J.
A
A
A
A
A
A
do
do
do
do
Richmond A Phil a.
do
do
N.
J.
J.
N.
J
N.
Bonds—Prinoi.
pal,When Due.
100 Ac.
100
1.000
1878, with a
perct. dividend paid,
Amount
$1,000
cent on
3
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
Richmond, Office.
do
do
Dec. 1, 1917
July 1, 1893
Jan. 2, 1888
Nov., 1921
July 1, 1920
May 1, 1916
May 1, 1890
Jan.
1, 1915
April!, 1927
Oct. 1, 1936
1902
April 1,1938
Jan. 1, 1894
Nov. 1, 1900
Jan. 2, 1888
1924
1, 1888
May 1, 1888
1895 A 1901
Jan.
1890
1901
JaD. 3, 1888
May 1, 1915
a”j.
A
A
A
A
A
A
F. A
M. A
N. Y., Central Trust Co. Jan. 3, 1888
do
do
Feb. 1,1897
A.
J. N.Y.,by N.Y.L.E.AW.Co
Jan. 2, 1888
J. N. Y., Com Exch. Bank.
Jan. 1, 1888
do
J.
do
Jan. 1,1900
do
do
J.
Jan. 1, 1925
None paid.
D.
Dec. 1, 1926
A. ! N. Y. Office, 5 Pine St. Feb. 15,1888
8. IN. Y., Central Trust Co.
Sept. 1, 1910
Richmond A Danville. The R. A D. stock ($5,000,000) was mostly
thus and held by the Terminal Co.
The interest on the Debenture bends was strictly cumulative and
taken
in ex¬
change for the overdue coupons new consol, mort. 5 per cent gold bonds
were given.
The consolidated gold mortgage of 1886 was issued for an
authorized amount of $11,220,000 to take up the gen. mortgage bonds,
the debentures and tlieir overdue interest, and the Northwestern N. G.
RR. bonds, guaranteed. Also further issues at $15,000 per mile can be
made to retire bonds of leased lines ; and $2,500 per mile for equipment.
(See V. 43, p. 275.)
From Oct. 1, 1887, to April 30 in 1888 (7 months), gross earnings were
$3,009,492, against $2,608,098 in 1886-7 ; net, $1,511,925, against
$1,285,766.
The annual report for the year ending Sept. 30.1887, was published
in the Chronicle, V. 46, p. 100, containing the following:
1886-87.
Total
Net
1885-86.
1884-85.
$4,355,161
2,287,857
receipts
$4,012,028
2,121,553
$3,999,147
2,231,486
$2,067,304
receipts
Operating expenses
$1,890,475
$1,767,661
INCOME ACCOUNT.
1886-7;
Net re venue for the year
Interest on debt, rentals,
$2,067,304
Ac... *1,482,517
18d5-6.
$1,890,475
*1,467,658
1884-5.
$1,767,661
*1,483,097
Balance over all charges
$584,786
*
The int. charge on debentures is included
-(V. 44, p.
$422,817
$284,564
here in full, though not paid.
185, 308, 335, 435; VMS, p. 821, 857;V.46, p. 100, 539, 574.)
Fredericksburg Sc Potomac,—Owns from Rich¬
82 miles. In November, 1881, there were
voted dividend certificates for $755,039 to be issued to holders of com¬
mon stock (70 per cent on each share), to represent money spent on
the property"out of earnings, and afterwards a similar issue on guaran¬
teed stock. The common stock is $1,030, 100; guaranteed stock, $500,400 (7 per cent except $19,300 guar. 6 per cent), and “ dividend obliga¬
tions”
$1,070,800. There are also $83,363 7 per cent debt certifi¬
cates due ia 1899, and $53,512 5 per cent certificates duo in 1902.
Dividends of 6*2 per cent paid on common stock out of profits of 1887.
In year endiug Sept. 30, 1886, gross earnings were $505,412; net,
$233,876; interest and guaranteed dividend charges. $85,204. In 1886Rlclimond
mond, Va., to Quantico,
Baltimore. Gross earnings for fiscal year ending Sept. 30,
886, $467,142; net, $100,582.
Reading Sc Columbia.—Owns from Columbia to Sinking Springs,
Pa., 40 miles; branches, 16 miles; Lancaster A Reading Railroad,
leased, 15 miles; operates Marietta Junction toCliiekies, 6 miles; totai
onerated, 77 miles.
Stock, $958,268 ; par $50. The road is controlled
and operated by Phil. A Reading (which holds the above debentures),
but accounts kept separate. In year ending Nov. 30, 1887, gross earn¬
87 gross earnings, $537,522; net, $253,636; interest and guaranteed
ings were $354,038 ; net, $84,854 ; deficit under charges, $25,146.
Rensselaer Sc Saratoga.—Owns Troy to Ballston, N. Y., 26 miles; dividend, $83,269; surplus, $170,336. (V. 45, p. 696, 855.)
Whitehall, N. Y., to Vermont line, 7 miles; Eagle Bridge to Rutland.
Rlclimond Sc Petersburg.—Owns from Richmond to Petersburg',
Vt., 62 miles; Saratoga to Whitehall, 39 miles; branch, 3 miles—total Va., 23 miles; branch, 2 miles; total, 25 miles. The road has earned
owned, 137 miles. Leases : Albany to Waterford June., 12 miles; Sara¬ moderate dividends and the debt account is very small, la year end¬
toga to Schenectady, 22 miles; Vermont line to Castleton, 7 miles; Fort ing Sept. 30, 1887, gross earnings were -224,339; net, $96,014; total
Edward to Caldwell, 14 in.—total leased, 55 miles; total operated, 3 92 net income, $104,927; surplus over interest and dividends, $21,317.
miles.
It was a consolidation of several lines, and the Delaware A In 1H85-86 gross earnings, $207,454; net, $95,598, (V. 45, p. 7U3.)
Hudson Cana) Co. leased the wholo March 1, 1871, at a rental of 8 per
Richmond Sc West Point Terminal
Ware*
ci ut on tli i stock and interest on the bonds.
In the fiscal year end¬ house Co,-(See Map.)—The mileage controlled Railway Sc In Nov.,
and operated
ing Sept. .
,1886, the payments by the lessee company for rentals were 1887, was as follows:
$885,187, leaving a surplus of $14,891. In 1886-87, gross, $2,400,307;
Richmond A Danville System.—Richmond A Danville and Piedmont
net, $808,588; deficit under fixed charges, $141,609. From Oct, 1 to RR. and branches, 208 miles; Riehm’d York River A Ches. RR., 39 m.;
Mar.31 in 1887-8 (6 mos.) gross earnings were $1,090,335, against Northwestern No. Carolina
RR., 25 in.; No. Carolina RR. and State Uni¬
inson, Pres’t,
"
$1,019,949 in 1886-7; net,
$367,340, against $325,145; deficit under
charges, $155,317, against deficit, $188,345. (V. 45, p. 180.614,857;
Y. 46, p. 228, 610.)
Rlclimond Sc Alleghany.—Owns from Richmond to Clifton Forge,
230 miles; branch to Lexington, 19 miles; dock connection, 1 mile,
leased, Buckingham RR., New Canton to Arvon, 4 miles; Valiev RR. con¬
nection, 2 miles; total, 256 milee. The company was chartered Feb. 27,
1879, and acquired by purchase the properties and francliises of the James
River A Kanawha Canal Co., and the Buchanan A Clifton Forge Rail wav.
The stock is $5,000,000, and car trust certificates for $331,000 and
Manchester City and improvement bonds for $107,000 were outstand¬
ing Sept. 30, 1887. In May, 1883, default was made, and on June 23
receivers wTere appointed. Decree of sale is expected soon.
The
jn
plan of
reorganization as changed in March, 1887, was published
Earnings for three years ending Sept. 30 were:
the Chronicle.
Gross
earn’gs, inch rents, docks,
Operating expenses
1884-85.
1885-86.
1886-87.
Ac. $589,591
$597,048
$615,850
404,918
438,350
$184,673
$158,698
$157,896
435, 495; V. 45, p. 791 ; V. 46, p. 481.)
Richmond Sc Danville.—(See Map Rich. dk W. P. Tenn.)—The
main line is from Richmond, Va., to Danville, Va., 141 miles; branches,
12 miles; Danville, Va., to Greensboro, N. C., 47 miles; Salem Junc¬
tion, to Salem, 25 miles. The whole system operated is given under the
Terminal Co.
1886, the Virginia Midland RR. was leased for 99 years, and
the Columbia A Greenville, Charlotte Columbia A Augusta, and Western
North Carolina also leased for 99 years. The Piedmont RR. is virtually
owned and the Northwestern North Carolina also owned. The Rich.
York R. A Chesapeake is leased in perpetuity.
In Nov., 1886, negotiations led to a sale of a large majority of the R. A
D. stock to the Terminal Company, wdiich then became the principal
m.:
Atlanta A Charlotte Air Line R’way and branches,
Virginia A Georgia lor details.)—Total East Tenn. system, 1,603 miles.
Grand Total of all Mileage, 4,497.
This company was incorporated by an act of the Legislature of Virginia
of March 8,1880. It was the auxiliary corporation of the Richmond A
Danville RR. Co.,.controlling several stocks by ownership of a majority.
In November, 1886, the Terminal Company purchased a large major¬
ity of the R. A D. railroad stock, and a new board was elected. It was
voted in December to issue $5,000,000 of pref. Terminal stock, secured
457,954 by
Net earnings
—(V. 44, p. 58, 119,
K. o: W. P.
In April,
versity RR., 232
288 in.; Virginia Midland R’way, 413 m.; Wash’ll Ohio A West’nRR..
50 m.; West’ll No. Car. RR., 290 m.; Char. Col. A Aug. RR. and leased
lines, 373 m.; Col. A Greenv. RR., leased lines and branches, 296 m.;
Asheville A Spartanburg RR., 70 in.; Knoxv. A Aug. RR., 16 m.; Rich.
A Mecklenburg RR., 31 m.; Georgia Pac. R’way, 401 in.; Northeastern
RR. of Georgia, 61 m ; Statesville A Western, 20 in.; Oxford A Hender¬
son, 16 m.; total Richmond A Danville system, 2,894 miles.
East Tennessee Virginia A Georgia System.—(See East Tenn.
the deposit in trust of 25,000 shares of R. A D. stock; and
afterward
the common stock was increased to $40,000,000. In Jan., 1887, $6,500,000 of the East Tenn. Va. A Ga. first pref. stock was bought, giving con¬
trol of that Co. for five years (unless 5 per cent dividends per annum
are paid on that stock for two years), and $1,760,900
of Richm. A
Danv. stock was taken. See terms of this negotiation in V. 44, p. 119
See V. 43, p. 635.
The report in Nov., 1887 (V. 45, p. 821), showed that this company
owned the following
then
securities (* indicates pledged under
the collateral trust mortgage),
viz.: Stocks—Of its own stock,
$28,633 pref. and $165,250 common; also, $4,261,000 of Richmond
A Danville RR. stock; $6,500,000 (*$6,000,000 pledged), of East Ten¬
nessee
Virginia A Georgia 1st pref.; $2,611,650 Richmond A
Danville
Extension Co..; $^5,000of Am. Construction Co.; $120,000 Northeastern
Railroad of Georgia; $3,168,300 Western North Carolina Railroad
common and $3,168,300 pref.; $100,000 Knoxville A Augusta Railroad;
corporation, and afterward, in Feb., 1887, exchanged its own stock for $1,302,400 Charlotte Columbia A Augusta RR.; $3,577,333 Virginia
stock in the proportion of four share* of Terminal for one of Midland Railway (of which $3,100,000 pledged); *$1,000,000 Colombia
the R. A D.
BONDS
RSAATILNOCDKD
1Mat8 .,]
100
IN VESTOES’
Subscriber* will confer
a
on
of colurnu headings, Ac.,
first pag*
see
notes
of tables.
Syracuse Northern (gold)
Og. Term. Co., 1st mort., guar
;..c"
Rutland—Stock, common
Stock, preferred
General mort. (8 per cent, reduced to 6)
New 2d mort. in exch. for equipment bonds, Ac.
Sacramcn. <6 Placer. -1st M. sink, f’d $20,000 n.d..
Saginaw Valley <£ St. Louis.—1st mortg., coup
St. Joh7isbury dtL. Champlain—1st M.,coup. orreg.
Consolidated mortgage (for $1,000,000)
St. Josephs Grand Island—Stock
1st mort., gold, interest guar, by U. P
2d mortgage, income
Kan. C. AOm. RR. IstM. ($15,000 p. m.), int. gu.c*
R. W. A
190
190
409
45
14
135
1861
1872
1874
1871
1888
....
....
...
120
120
48
36
120
.
.
1872
1878
1877
1872
1880
1884
....
....
....
252
252
135
381
381
207
207
207
207
1885
1885
1887
St. Louis Alto7i <t Terre Haute—Stock
Pref. stock (7cumulative), convertible
let Miseries A),cum. s.f. $25,000 y’rly, not dr.-c"
IstM. (series B),cum., s. f. $25,000 y’rly,not dr.cT
2d mortgage, preferred (series C)
c*
2d mortgage, preferred (series D)
c*
2d mortgage, incomes
c*
Dividend bonds, income not cumulative
Belleville A Carondelet, 1st mort
17
c*
Chic. St. Louis-A Paducah, 1st mort., gold, guar.c*
58
2d mortgage^ income (non-oumulative)
58
c*
St. Louis Arkansas c£* Texas—Stock
1,205
Isr M.,gold ($13,000 p. m.)
c* 1,205
2d M. (income till ’89), gold, ($13,000 p. m.)—c*
733
St. Louis <£ Cairo—1st M., income (not cumulative)
144
1st mort., int.guar., M. A O. (for$4,000.000), g..c
161
....
•
....
1,000
1,000
100
1,000
1,000
1,000
1,000
....
1,000
1,000
100
100
1,000
1,000
500Ac.
1,000
1,000
1,000
500 Ac.
A West. 6 per cent income
bonds; $85,000 Georgia Pacific equip, trust bonds; $195,800 Oxford A
Henderson 6 per cent 1st mort.; $300,000 Statesville A Western 1st
mort.; $160,000 Richmond A Mecklenburg 6 per cent 2d mort. Total
securities owned as above, $12,013,043 Ponds, $9,697,933 pref. stocks
and $2,115,570 common stocks ; grand total, $46,511,096. Of these,
$21,576,355 (including those marked with a sfar) were deposited with
the Central Trust Co. of N. Y. as security for the $8,500,000 of its col¬
lateral trust bonds outstanding; those bonds maybe redeemed on notice
at any time at 105. See abstract of mortgage. V. 45, p. 575.
In 1887 paid first dividend, 2*2 per cent, on preferred stock. The
prices of common stock have been as follows: In 1881, 122®1741g;
in 1882, 23®2G3; in 1883, 21®39; in 1884, 12®32: in 1885. 1838®
43*4 ; in lb86, 2714®7714; in 1887, 20%®53; in 1888, to May 18, inch,
19®265s. Pref. in 1S87, 43®87 *2; in 1888, to May 18, incl., 55®6914.
The net earnings of a large part of the system are given in V. 46, p. 648.
The annual report for year ending Nov. 30, 1887, was given at length
In V. 45, p. 821. (V. 44, p. 22, Hi, 119, 149, 2t 4, 212, 309, 343,401,435,
459, 752; V. 45, p. 575, 821, 857; V 46, p. 449, 511, 574, 579.)
Rochester Sc Genesee Valley.—Owns from Avon to Rochester
N. Y., 18 miles. This road was leased July 1, 1871, in
perpetuity, to
Erie Railway, and now operated by New York Lake Erie A; Western.
Rental. $34,012. James Brackett, President, Rochester, N. Y.
Rock Island Sc Peoria.—Owns from Rock Island, Ill., to Peoria,
Ill., 91 miles; Rock Island A Mercer Co. RR., 22 miles; total, 213 miles.
The Peoria A Rock Island was sold in foreclosure April 4, 1877,
the bondholders becoming the purchasers.
In year ending June 30,
1887, gross earnings were $457,606; net, $164,683; surplus over 5 per
cent dividend, $47,683; paid for construction and equipment, $33,528.
Gross in 1885-86, $495,867; net, $113,008; dividend paid, 5 per cent.
Rome Sc Decatur—Road in progress from Rome, Ga., to Attalla,
Ala., 65 miles, of which 35 miles are tinished.
It is bonded at $15,000
per mile standard gauge road. The bonds' were ottered in New York by
Grovesteen A Pell, and when they suspended in 1887 work ceased. K.T.
Dorsey, of Atlanta, is leceiver. Receiver’s certificates for $400,000 have
been issued to complete and equip the road, and it will probably bo fin¬
ished by June, 1888. Eugene Kelly, President, New York. (V.
45, p.
341.438,573,614,744,857; V. 46, p. 371.)
Rome Watertown Sc Ogdensburg.—(See Map.)—From
Niagara
Falls to Massena Springs, 301 miles; Lewiston Junotion to Lewiston, 3^2
miles; Syracuse to Pulaski, 37 miles; Richland to Rome, 41 miles;
Watertown Junction to Cape Vincent. 24 miles; DeKalb Junotion to
Ogdensburg, 19 miles; Kochi ster to Windsor Beach, 7 miles; Wood¬
ward’s to Oswego, 29 miles; Utica to Ogdensburg, 134 miles; Carthage
to Sacketts Harbor, 30 miles; Theresa Junction to Clayton, 16 miles;
total, 642 miles.
The R. W. A O. was a consolidation Oct.F 1861, of the Watertown A
Rome and the Potsdam A Watertown railroads. The Lake Ontario Shore
acquired January 15, 1875; the Syracuse Nort hern, Aug.
The Oswego A Rome was leased January 1, 1866, at 8 per cent
on stock and interest on bonds.
The Niagara Falls Branch road was
leased Nov. 1, 1881, at 7 per cent on its stock of $250,000.
There are
also outstanding $100,000 Oswego RR. bridge 6 p. c. bonds, due 1915.
The Utica A Black River road and branches were leased in
April,
1886, the R. W. A O. guaranteeing lixed charges and 7 per cent per
was
1, 1875.
In
the stock.
April, 1886, the income bonds
were offered an exchange of 40 per
cent consol, mort., due 1922, and 60 per cent in stock,
and the bonds have been about all exchanged.
From Oct. 1,1887, to Mar. 31, 1888 (6mos.), gross earnings,
including
the Black River, were $1,547,560, against
$1,422,5a0 in 1866-7; net,
$651,038 against $621,72 l.
Fiscal year ends Sept. 30. Report for 1586-7 in V. 45,
p. 886. Earn¬
ings were a-s follows:
1885-6.
1886-7.
Gross earnings
$2,406,793
cent in the 5 per
Net income
Interest and rentals
Dividends
$919,551
$693,480
$247,764
.
$1,196,376
$123,464
(V. 44, p. 91. 119, 244,752; V.45, p. 113, 212, 240, 401, 509, 540,
886: V. 46, p. 40; V. 46, p. 134, 201, 650.)
Rutland.—Owns from Bellow’s Falls, Vt., to Burlington, Vt., 120
miles; leases Addison RR., 15 miles; total, 135 miles. This road has been
through many changes. It was leased to the Cent. Vermont in Dec.,1870,
lor 20 years, but the lessee became insolvent, and finally a modification
—
..
6g.
2,556,000
2,300,000
A
A
A
A
A
.
F.
M.
F.
J.
M.
A.
•
«
Whom.
Dividend
D.
N. Y. Central Tr. Co.
J.
do
do
O.
do
do
J.
do
do
N. N. Y. Office, 5 Pine St.
A.
N.
A.
J.
N.
O.
Q-—J.
Bos.,GlobeNat.Bk ARut
do
do
M. A N. N.
J. A J.
J. A J.
Y., Central Trust Co.
do
do
do
do
1*4
J.
6
6
5
4
M. A N. N. Y., Central Trust Co.
1,000,000
15,356,000
15,675,000
9,529,000
2,600,000
1,400,000
g.
g.
g.
g.
July 1, 1922
July. 1901
May 1, 1918
....
A J.
A. A O.
F. A A.
M. A N.
M. A N.
Aug. 1,1887
Nov. 1, 1902
1898
Jan. 1, 1907
N.Y.,So.Pac.Co.,23 Br’d
Boston, C. Merriam, Tr. May 1, 1902
Bost., Am. L. A Tr. Co. Oct. 1, 1910
Boston.
April 1, 1914
7
7
7
7
7
6
6
5 g.
5
1,400,000
1,700,000
Dec. 1, 1891
Jan. 1, 1892
»
A
A
A
A
A
A
875,000
689,000
1,400,000
May 1, 1925
July 1, 1925
Jan. 1, 1927
N.Y.,Office 34Na8sauSt. April 10, 1888
do
do
July, 1894
do
do
July, 1894
June 1
J. AD
M. A S.
....
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1894
1894
1894
Jan. 1, 1894
June 1,
1923
Sept. 1, 1917
Sept. 1, 1917
F. A A. 1st coup, due Aug. 1889
A. A O. New York or Loudon.
J. A J. N. Y., Farmers’ L. A Tr.
May 1, 1936
May 1, 1930
1921
Jan. 1. 1931
of the lease was made, giving $250,000 per year as a minimum rental
and $8,000 for organization expenses. The 5 per cent 2ds are a
firs
mortgage on rolling stock and personal property. In Nov., 1887, the
Del. A Hudson Canal purchased control or the stock. The annual
report
for 1886-87 with income accoint was in V. 45, p. 112.
(V. 45, p 112,
643, 744; V. 46, p. 38.)
Sacramento Sc Placervllle.—Owns from Sacramento, Cal., to
Shingle Springs, Cal. 48 miles. This was a consolidation of the Sacra¬
mento Valley and the Folsom A Placerville
railroads, April 19, 1877,
Capital stock, $1,756,000; par $100. In 1886 gross
earnings were
$129,966; net income, $60,160; deficit under interest, $43,021. Leland
Stanford, President, San Francisco.
Saginaw Valley Sc St. Louis.—Owns from Ithaca to Pains, 36
miles, and leases Alma to St. Louis and Pains to Saginaw, 9 miles; total,
45 miles.
Opened January, 1873. Capital stock, $264,804. In 1886,
gross earnings were $90,131; net, $7,848.
In 1885, gross, $74,941;
net, $22,909 ; interest payments, Ac., $35,680. In July, 1879, manage¬
ment was transferred to the Detroit Lans. A No.
St. Jolinsbury Sc Lake Champlain.—Owns from
Lunenburg
Vt., to Maquam Bay, on Lake Champlain, 120 miles, ami branch from
No. Concord, Vt.. to East Haven, 11 miles; total, 131 miles.
This was
the Portland A Ogdensburg, Vermont Division, and wdS
reorganized
under this title in 1880.
Preferred stock, $1,298,500; common stock,
$2,550,000. In March, 1884, voted to issue the consolidated bonds, 01
which $600,000 are reserved to take
Tip its first mortgage bonds.
Operated by Boston A Lowell as its Vermont Division, and all but $41,000 of the 5 per cent bonds issued are held
by that company.
St. Joseph Sc Grand Island. - (See Map
of TJn. Pac.)—Line of road
8t. Joseph, Mo., to Grand Island, Neb., 252 miles; Kansas
City A Omaha
RR.. Stromsburg to Alma, 151 miles, and McCool June, to Kansas
City A
Omaha June., 44 miles; total, 447 m. Tins
company was organized in
June, 1885, as successor of the St. Joseph A Western, soldin foreclosure,
and includes also the Hastings A Grand Island RR. and the
bridge at
St. Joseph. Tlbe road is operated by the Union
Pacific, which company
owns $2,301,500 of the $4,600,000
stock, and guarantees the interest
on the first mortgage bonds.
Notes for $500,000 were
outstanding Dec.
31, 1887, representing sums advanced to Kansas City Wyandotte A
Northwestern RR. Co. Kansas City A Omaha bonds have a tratlie
guar,
from St. J. A Gr. I. and U. P. ’ The Union Pac. owns
$1,563,500 bonds
and $2,035,125 of the $2,698,700 stock of the Kansas
City A Omaha.
In 1886 gross earnings were $1,169,425; net,
$506,962; surplus over
charges, $9,172. In 1887 gross, $1,005,412; net, $337,516; deficit under
charges, $30,562. James H. Benedict, President, New York. (V. 44,
p. 23, 60, 185, 300, 466, 527; V. 45, p. 113; V. 45, p. 614, 673.)
St. Louis
Alton
Sc
Terre
Haute.—Owns from Terre Haute,
Ind., to East St. Louis, 193 miles; proprietary line, East St. Louis to
Belleville, 14; leased Lines—Belleville A Southern Ill. RR., 57; Belleville
A Eldorado road, from Du Quoin to Eldorado.
50; Belleville A Carondrlrii RR., from P.elleville to East Carondelet, 17; St. Louis
Southern,
Carbondale to Marion, 50; total, 381 miles. This
company was a reor¬
ganization, Feb. 18* 1861, of the Terre Haute Alton A St. Louis RR.
The Bellev. A So. Illinois is leased to this company for 999 j*ears from Oct.
1, 1866, and the Bellev A Carondelet for 983 years from Jan., 1883, at
rental of $30,000 per year, which is a
guarantee of int. on the bonds;
the stock of $500,000 is owned by the St. Louis A. A T. H. The St. Louis
Southern RR. and leased lines, 50 miles, was leased in Dec.,
1886, for
30 per cent of gross earnings, minimum
to be $32,000.
The main
line (St.L. Alton A T. H.) was leased Nov. 1, 1882, to the new
Indianap.
A St. L.
Railway and the Cleve. Col. Cin. A Indianapolis jointly. The
rent guaranteed is $450,000, unless the gross
earnings exceed $1,750,000 in any year ending Oct. 31, and then 20
per cent is to be paid of
the excess of gross earnings over $1,750,000.
The Belleville Branch and Extension are
operated separately by this
company. The BeLlevillo A Eldorado was leased for 985 years from
July 1, 1880, at a rental of 30 per cent on the gross earns., but $15,400
per year guaranted. The Belleville A Carondelet is leasod at $30,000
per annum. The Chicago St. Louis A Paducah road is leased for 980
years at 30 per cent of gross earnings, with guarantee of rental to pay
1st mortgage interest.
Deo. 31,1887, sinking fund held of the first
mortgage bonds $636,000
and $478,936 cash.
The preferred stock has a prior right to a cumula¬
tive dividend of 7 per cent before
any is declared on common. It is
also convertible into common at
par; but shall nor receive any dividend
as common stock for the time it was held as
preferred.
The annual report for 1886 was in V. 44,
p. 550.
The Cairo Shori Line Division, including the roads
directly operated
by this company, made the following exhibit:
a
276,825
Total
Surplus for 3Tear
$3,138,447
$1,319,840
$941,244
$693,480.
.
5
5
1,000,000
100
$315,000 Northeastern of Georgia general mort.; *$1,778,155
Georgia Pacific 2d incomes; $379,000 Georgia Pacific accrued coupons
$7,300 miscellaneous county
1,500,000
485,000
1,000
mort,;
J.
J.
A.
J.
M.
75 cts.
6
5
6 g.
8
6 g.
5
Where
Payable
....
1,357,000
....
1,000
1,000
058
Asheville A Spartanburg; $ >00,0u0 Statesville & Western RR.; $325,000
Oxford A Henderson RR.; $47,900 Green Construction Co.; other stocks,
$$251,100; and the following bonds: $100,000 Knoxville & Augusta
1st mortgage (5 per cents; $509,700 Spartanburg A Asheville 1st mort.
6 per cents; *$1,325,000 Western North Carolina 1st consol, mort. and
*$4,110,000 2d mort.; *$2,703,908 Virginia Midland 5 per cent general
2,480,600
4,000,000
1,500,000
When
2,468,400
1,000
A So. W. RR.; $300,000 Rich¬
Mecklenburg RR.: $103,900 Ralmu Gap Short Line: $4,048,Georgia Pac. Railroad; $1,500,000 Wash. O A West.; $1,045,229
7
5
7
5
1,680.000
500 Ac.
& Greenville RR.; $49,000 Dan. Mock.
1,000,000
7,060,000
500,000
1,404,000
446,000
628,000
400,000
4.600,000
6,965,000
500Ac.
1886
1886
1881
1886
$1,021,500
7
375 000
1862
1862
1862
1862
1881
1883
1837
58
Rate per
Cent.
'
100
lOOAc.
100 Ac.
mond A
annum on
Outstanding
1862
....
of income bonds; $299,000 Blue Ridge RR.;
and township bonds; $625,000 Wash. O.
Amount
$500Ac.
1,000
1,000
r
Ronds—Princi¬
pal,When Due.
Payable, and by Stocks—Last
INTEREST OR DIVIDENDS.
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
jRome W. <& Og.—(Con’d)—lst\f.,s.f. (2d M.on91 m.)
2d mort. (3d mort. on 91 miles)
Consol, mort., (extended July, 1882, at 5 p. c.).c'
Railroad
[VOL. XLVT.
great favor by giving immediate notice of any error discovered in tliese Tables.
DESCRIPTION.
For explanation
SU PPJLEMEN T
EARNINGS. EXPENSES AND RENT OF LEASED LINES.
1883.
Gross earnings
$832,468
Oper. expen. and taxes.. .425,635
1884.
1885.
1836.
$741,050
406,160
$766,316
397,347
$803,991
Net earnings
Rent leased roads
$334,989
203,971
$368,969
203,381
$395,095
214,482
Set revenue
-(V. 43.
p.
$406,833
200,897
408,896
$205,935
$131,018
$180,613
$165,587
719; V. 44, p. 560, 752; V. 45, p. 166, 273; V. 46, p. 537.)
10
SRATOONCKD.RAILSD.
18 8.J
102
INVESTORS’
SUPPLEMENT.
IVol* XLYI.
'May, 1888. i
Z
^
—■
■—
■■ —
——
Subscribers will confer a
■■
great favor by giving
DESCRIPTION.
explanation of column
on
first page
headings, Ac., see notes
of tables.
50
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent, not cumulative
293
293
293
293
(being retired)
Equip, mort., gold, $80,000 dr. ann’lly. at 105.c*
lstm. on Mo. A West.RR.,g. $6,000 yrly dr. at 105
Collateral trust bonds, gold, sink. fd. not drawn..
St. Louis Wichita A West., 1st mort., gold, guar...
Gen. M., g.(2don 330 miles) ($7,727,000 are 6s)c*
Collat.Tr.M. onbr’ches ($20,000 per mile). gold,c*
8‘i
104
145
366
55
Equipment Trust ($23,000 due each A. & O.)
Kan. C.&S.W„ 1 stM.,g.,red.at 11C ($12,000 p.m.)c*
St. L. Kan. A S. W.t 1st M., g.. guar.($15,000 p. m.)
Ft. S. & Van Bur.B’dge. 1st m.. g.drn at 1C5 guar.
62
48
54
107
33
33
158
158
230
230
161
21
25
St.L.Salem & Ark.,1st M.,guar.,redeem.at 105..c*
Kan. Midl’d, 1st M., g., $15,000 p.m., int. guar..c*
tSt. Louis Southern—1st mortg., gold
c*
2d mortg. income, non-cumulative
c*
St. Louis Vandalia <£• Tei'i'e Haute— 1st M. s. f. guar.
2d mort., sink, fund ($1,600,000 guar.)
&t. Paul <£ Duluth—Preferred 7 p. c. stock & scrip.
Common stock.
1st mort. bonds
c*
Taylor’s Falls & Lake
INTEREST OR DIVIDENDS.
Date
Size, or
Miles
Par
of
of
Road. Bonds Value*
St. Louis <£ Chicago— Old 1st mortgage
70
Consol, mort., g. ($20,000 p.m.)
^-.c*
85
;8L Lows dc Hannibal— 1st mortgage ($600,000)
1,323
St. Louis <£ San Lrandsco.—Stock, common
1st mort. (South Pac.), gold,
.2d mortgage bonds, A, gold
do
B, gold
do
do
do
C, gold
8up.,lstm.,gu.,s.f.not dr.e*
s.f. not drawn.cA
.Duluth Short L., 1st, guar., cum.
1885
1887
1886
Outstanding
Rate per
Cent.
1868
1876
1876
1876
1880
1879
1880
1879
1881
1887
1884
1886
1886
1885
1886
1887
18S6
18 S 6
1867
1868
_
_
^
9
.
•
•
•
1881
1884
1886
$500,000
1,000
900,000
and the Texas divisions.
370.000
i’oo
11,859,300
100
100
500 Ac.
100 Ac.
500 Ac.
500 Ac.
1,000
1,000
1,000
....
1,000
1,000
....
1,000
1,000
1.000
1,000
1,000
9^768,400
•
4,500,000
(l500,000
732,000
475,000
810,000
1,072,000
550,000
1,000
1,000
1,899,000
525,000
2,600,000
5,376,970
1.000
100
100
210,000
1,000
500,000
Supplements mortgages
M. A O.
3lap)—Owns from Springfield to Litch¬
Mount Olive coal fields, 10 m.; other
branches 10 m.; total, TO m. under construction to Eureka, III., to a
junction with the new Atch. line. From Litchfield to St. Louis trains
run over tin* C. C. C. A I. tracks 57 m., under a trallic agreement.
Total
operated, 127 m, The mortg. made in 1887 ( Trustee, Am. Loan A Tr.
Co., of N. Y.) was for $4,500,000, providing for an extension to Joliet,
Ill., and for the retirement of the old bon is of 1885. Stock: Common,
$1,200,000; preferred, $1,200,000 (V. 45,p. 705 ; V. 46, p. 255, 290.)
St. Louis Sc Hannibal.—Owns from Hannibal, Mo., to Gilmore, on
Wabash St. Louis A Pacitie, 82 miles; uses 2kj miles Missouri Pacific
track; total operated, 84^ miles. This company is successor to the
former St. Louis Han A Keokuk, sold in foreclosure Dec. 8, 1885. The
St. Louis Sc Chicago.— (See
field, Ill., 50 m., and branch to
Srincipal owners were Mr. llie purchasers. The estate is $1,000,000 au¬
New York, who became John I. Blair and the stock of Moses Taylor
A J. N.
A J.
A J.
2h
3%
A.
F.
J.
M.
M.
M.
J.
F.
F.
M.
J.
A.
&
A
A
A
A
A
A
A
&
A
A
A
A
A
A
A
A
A
A
A
A
A
A
6
g.
6 g.
g.
g.
g.
g.
g.
g.
g.
A.
g6 g.
6 g.
5 g.
4 g.
4 g.
5
7
7
J.
M.
A.
J.
J.
M.
M.
31*
$121,367; net, $50,130; surplus over
Blair, President
(V. 46* p. 413.)
St. Louis Sc San Francisco.— (See Map.)—Line of
were
Road—St.
Louis,Mo., to Seneca, 326 miles; Oronogo, Mo., to Galena, 18 miles;
Girard to Joplin, Kan.v 38 miles; Pierce City to Wichita Kan., 217 m.;
Monett, Mo., to Paris, Tex., 303 m.; Springfi’d to Chadwick, Mo., 35 m.;
Springfield to Bolivar, Mo.. 39 in.; Fayettevilie, Ark., to St. Paul, Ark.,
33 m.; Jensen to Mansfield, Ark., 18 in.; small branches, 17 m.; total
owned Dee. 31,1887, l,044miles. Leases, Cuba Junct’n to Salem and
branches, 54 m.; Beaumont to Bluff City, Kan., 110 miles; branch 2
miles; total owned and leased 1,211 miles; t lie tracks of the Atchison
Topeka A Santa Fe are used from Wichita to Halstead, Kansas, 25 miles.
This company also operates the finished portion of the Atlantic A Pacific
road. Central Division, from Seneca. Mo., toSapulpa, in the Indian Terri¬
tory, 112 miles; total operated, 1,323 miles.
Organization. Ac.—This company was
organized Sept. 20, 1876, as
Pacific in Mo. The latter
embraced the South
Southwest Branch of the Pacific RR. of Mo.,
chartered Dec. 25. 1852), which was consolidated with the Atlantic A
Paeillo road Oct. 25, 1870. The Atlantic A Pacific road and lands were
sold in foreclosure Sept. 8, 1876, and the St. Louis A Sail Francisco
foeoame possessor of the property.
This company is jointly interested in the Atlantic A
the Atch. Top. A Santa F'e, and guarantees one-half the
bonds severally, not jointly.
Pacific RR. with
1st mortgage
January, 1886, leased for 99 years the Kansas City A
RR., from Beaumont, Butler County, Kansas, to Cale,
In
ern
Stocks—Last
Dividend.
Southwest¬
in Cowley
M.
J.
Y.,F. C. Hollins A Co.
do
do
1936
N. Y.. Office 15
J.
N.
•
•
July 1, 1915
April 1, 1927
£0, 1.888
Broad St. April
Feb. 10,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1888
July, 1888
Not. 1. 1906
Nov. 1, 1906
Not. 1. 1906
June 1, 1895
Aug. 1, 1919
Aug., 1920
Sept., 1919
July I. 1931
Oct. 1, 1987
do
N.
do
N.
do
D.
do
A.
do
A.
do
S.
do
J.
do
O.
do
A.AO.Sp.c. ©a.
O.
Jan. 1, 1916
do
J
do
Sept. 1, 1916
8.
do
April 1. 1910
O.
Dec. 1, 1936
do
I).
June 1, 1937
do
D.
S. N.YT. St. L. A. AT.H.Co.1 Sept. 1, 1931
do
do
Sept. 1, 1931
S.
Jan. 1, 1897
J. N. Y., Central Trust Co.
May 1, 1898
N. Y., Third Nat. Bk.
N.
Jan. 5, 1888
J. N. Y., Fourth Nat. Bk.
do
do
July 5, 1887
•
do
do
do
do
Aug. 1, 1931
1914
Jau. 1,
Sept 1, 1916
County, 62 miles, at a rental guaranteed to pay the interest on the 1st
mortgage bonds. The bomis ore redeemable on notice at 110. The stock
of t lie St. L. K. AS. W. (Ark. City to Caldwell, Kan., 47 in.) is owned and
the bonds guaranteed.
Kansas Midland
R’way, Wichita, Kans., to a junction
with Union Pac.
miles) was leased for 97 years from Jan. 30,
1888, at a rental guaranreed to meet interest on bonds.
Stocks and Bonds.—The lirst preferred stock has prior right to 7 per
RR. at Elisworth, 107
then
cent (non-cumulative); then pref. entitled to 7 per cent;
common
entitled to 7; then all classes share in any surplus.
The terms of
the first preferred stock are stated as follows: “This stock is entitled
to a dividend of 7 per cent per annum *
* * and by resolution of the
company has priority of lien on net revenues for such dividend over any
mortgage bond that may be issued by the oompauy subsequent to the
creation of this stock.”
Dividends have been paid on first preferred stock in 1881 and since
at 7 per cent per annum ; and in 1887 2per cent was paid on pref.
preferred i*.
60^100; in
in 1884,
3120; in
The range of the stocks yearly since 1877 has been : First
1878 (4 months), 5kj® 11 %; in 1879, 9%«7812; in 1880.
1881. 903)11512; in 1882, 79%3> 106^; in 1883, 873)lOOkj;
70 3>96i2; in 1885, 79»99k>; in 1886, 97^118^; in 1837, 107
1888, to May 18. inclusive. lOSV^llG.
in 1879, 4is3)60i2: in 1880. 333
Preferred stock in 1878,
65; iu 1881, So^Sl^; in 1882, 433)66*2; in 1883, 4035912; in 1884,
24^5)50; in 1885, 30@497e; in 1886, 37^3)72^; in 1887, 61^384^;
in 1888, to May 18, inclusive, 635)733*.
Common iu 1878 (3 months),
in 1879, 3^en>53; in 1880, 25*4
3)48; in 1881,393)55; iu 1882, 3134678: in 1883.
; in 1884,
111232912; in 1885, 17V32412; in 1886, 17@36^; in 1887, 30344*;
in 1888 to May 18, inclusive. 24©301a.
The trust bonds of 1880 are secured by deposit of 7 per cent
mortgage bonds of the auxiliary roads constructed.
Difference be¬
tween interest of trust bonds and bonds pledged therefor (1 per cent)
goes to purchase trust bonds at 105, but bonds not drawn. The general
mortgage of 1881 (sujiplemented by that of June, 1882) for $30,000,000
is made to the U. S. Trust Co. as trustee, and enough reserved
to take up
all prior debt.
This general mortgage is a first lien on new
road, besides covering the mileage on
which are the prior liens.
bonds of 1887 (Union Truss Co., Trustee) are for
$50,000,000, at $20,00J per mile, and are secured by deposit with the
trustee of an equal amount of first mortgage bonds of branch lines.
Missouri A Western bonds to the amount of $5,000 a year are pur¬
chased or drawn at 105. St. Lou s Wich. A West, bonds are purchased
or drawn at 105 with any surplus rental over interest.
The St. L. Kan A So,Western bonds are issued at $15,000 per mile, and
are redeemable at 110 on any interest day, at four weeks’ notice.
The Fort Smith A Van Buren Bridge bonds are guaranteed by the 8t.
L. A S. F. Co., and have a sinking fund of 5 per cent yearly after 1839
to draw the bonds at 105; they are all redeemable at 110 at co.’s op¬
tion. The land department assets were estimated Dec. 31, 1887, at
$718,608, including 133,903 acres of land valued at $369,572, 1,156
town lots val’d at 43,928, $200,621 in land contr’ets and $104,486 cash.
Tiio 8t. L. Salem A Arkansas first mort. bonds (guar, absolutely by
St. L. A San F.) are issued at $15,000 per mile, aud are redeem, on
notice at 105. Kausas Midland first mort. bonds are at $15,000 per
mile, and Interest is guar, under lease of 97 years by St. L. A San F.
Operations, Finances, Ac.—The St. Louis A San Francisco bas been
one of the successful reorganized railroads of the Southwest, and has
The collateral trust
good progress in traffic and income, without very heavily
ing its annual interest charges.
The annual report tor 1887 was iu V. -16, p. 603 and 615.
made
INCOME
in 1885, $106,969;
Gross earnings in ’86
interest, $4,230. John I.
J.
0
A.
J. A J.
M. A 8.
6
5
i
thorized and $452,000 issued. Gross earnings
operating expenses, $216,049; deficit. $109,081.
•Successor to the Atlantic A
Pacitie RR. (originally the
Whom.
J.
J.
J.
•
1,000
dealt in at
statement (partly
$770,075; surplus over
V. 45, p. 644.
(V. 44, p. 91, 149, 459, 654, 681, 808; V. 45, p. 85, 211, 512, 540, 643.
673, 820; V. 46, p. 76, 191, 353, 418, 471, 574, 610.)
St. Louis Sc Cairo.—1This road extends from Cairo to East St. Louis,
152 miles, with a branch to High Prairie, 9 miles. The former Cairo A
St. Louis made default April 1, 1874, and was sold in foreclosure July,
1881. Stock is $6,500,000. In Jan., 1886, a lease was negotiated .till
Jan. 1, 1931, to the Mobile A Ohio RR. on the basis of a rental of 25 per
cent (i5064o)
the gross revenue of the whole line, Mobile to St.
Louis, this rental being guaranteed by the lessee to amount to $165,000
per year. The issue of $2,600,000 income bonds was retired with part
of the$4,000,000 mortg. bonds, interest on which is guaranteed by the
•
Payable ]
pal,^When Due.
Where Payable, and by
4,660,207 3 A 15 st
F. A A. N.Y., Central Trust Co.
5
1,000,000
1,000
extend lien to Little Rock Branch, These are the certificates
the Stock Exchange. Stock $15,356,000. For 1887 the
estimated) gave gross earnings $2,675,840; net,
first mortgage interest, $98,105. Abstract of mortgages,
•
When |
6
0 g.
7
6
6
7
6
6
1,213,000
6
2.000,000
14,798,000 5 A 6
5
1,099,000
6
303,000
6
744,000
2,766,500
2,400,000
533,000
1,080,000
1,000
Birds
miles, and
total, main line, 723
miles; McNeil
to Magnolia, 7 miles; Sherman branch, 115 miles; Tyler to Lufkin, in
Texas. 90 miles; Corsicana to Hillsboro, Tex., 45 m.; Commerce to Fort
Worth, 107 m.; Louisville, Ark., to Shrevepoit, La., 67 in.; Altheimer to
(Little Rock, Ark., 46 in.; total, Jan , 1888, 1,206 miles.
The road was opened in 1883.
The road in Texas was fore¬
closed December 1, 1885.
The Missouri & Arkansas Division was
sold on Feb. 27, 1886. The present organization, whiou was formed iu
1886 after the foreclosure of the Texas A St. Louis, consists of two
corporations, the one owning the road in Missouri and Arkansas and
the other the road iu Texas. The stock issued by the Missouri and Ar¬
kansas Company was transferred to the Texas Company, which latter
has issued its own stock for the same. Till 1891 the control of the en¬
tire road is to be vested in the committee, and for this purpose the stock
is deposited with a trust company.
For stock so deposited negotiable
-certificates are issued, and designated as “stock trust certificates.'’
The new companies issue six per cent 50-year first mortgage bonds
to amount of $13,000 per mile; six per cent 50-year second mortgage
bonds $13,000 per mile, the first coupon payable Aug. 1, 1889; and
Stock $13,000 per mile.
Bonds and stock on extensions are au¬
thorized at the same rate.
The first mortgages of the companies
in Missouri & Arkansas and in Texas are deposited with the Central
Trust Co.; the 2d morts. both divisions are deposited with the Mercan¬
tile Trust Co., and each of these trust companies has issued against
these mortgages so held its coupon trust certificates for $1,000 each,
entitling the holder of each class to the security of the mortgages on
'
Amount
$1,000
St. Louis Arkansas & Texas.—{See Map.)—Road fr«m
Point, Mo., opposite Cairo, Ill., to Texarkana, Tex., 418
thence by the Texas road to Gatesville, 305 miles;
miles; branches, Paw Paw Junction to New Madrid, 6
both the Mo. A Ark.
*
discovered in these Tables*
Bonds—Princi¬
immediate notice of any error
.
For
103
STOCKS AND BONDS
RAILBOAJL).
1884.
$
Receipts —
Gross earnings....-
4,643,596
2,508,218
Net earnings
Other receipts
14,83b
increas¬
ACCOUNT.
1887.
1885.
1886.
$
4,383,406
2,433,662
$
$
4,874,628
19.782
159,619
6.229,344
3,247 477
190,332
2,652.332
2,523,054
2,453,444
2,811,951
3,437,809
1,826,203
Total net income
Disbursemen Is—
Int.. sink. fd. A rents
1,751,215
1,950,323
315,000
315,000
2,219,901
565,000
315,000
Dividends
Rate of dividends..
Miscellaneous.
7
7
7
242
4,732
Total disbursem’ts
2,141,445
surplus...
381,609
2,070,947
382,497
2,271,297
540,654
7*
5,974
Balance,
2,784,901
652,908
And 2*2 per cent on pref.
—(V. 43 p. 24, 571, 579. 608;
*
V 44, p. 204, 435, 459, 466 551, 604,
619, 622, 654; V. 45 p. 54, 793 ; V. 46, p. 40, 76, 134, 255 449, 481,
608, 610, 615, 621.)
St. Louis Southern.—Owns road from Pinckneyville, Ill., to Carbondale, Ill., 33 miles, and leases for 980 years Carbondale A Sliawneetown road to Marion, 17^ miles; total operated, 50*2 miles.
This com¬
,
several others fore¬
pany was organized Ang. 3, 1886. as successor fo
closed. On Dec. 1, 1886, made a lease for 980 years to the St. Louis
Alt. A T. H., at a rental of 3o per cent gross earnings, and a guarantee
of interest on 1st mortgage bonds.
Rental in 1887, $32,894,
104
ST. LOUIS & CHICAGO
RAILWAY
AND ITS CONNECTIONS.
INVESTORS’
SUPPLEMENT
[VOL. XLVI,
Alanhattan
Le1
&
idependence.
S’
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Junction
c?
pac.
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roil
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MAP OF THE
ST. LOUIS & SAN FRANCISCO
RAILWAY
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BONDS.
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PAC.
R.
R.*
Texarkana]
AND ITS CONNECTIONS.
jJ*
Piedmont
Subscribers will confer a
discovered In tliese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
explanation of column Leadings, Ac., see
on first page of tables.
Date Size, or
Miles
Par
of
of
Road. Bonds Value.
notes
1862
1879
76
656
656
473
,
East, of Minn., 1st M , g , gu. ($50,000p. m.) c*
Montana Cen., IstM., g. ($40,000 p. m.), guar, c
St. Paul <£ No.Pac— Stock ($10,000,000
Gen. M.,guar, Id. gr.,($10,000,000) reg.
Western RR., Minn., 1st mortgage, RR
San Antonio <£ Aransas Pass—1st mort., gold
1st M.,ex., gld. ($12,000 p. m.). redeem, at
2d mort., income for 5 years, $8,000 per mile
JSan Pedro Los Angeles <£ Utah. 1st M., $20,000 p.
r|
&r|
authorized);
Q.-F.c*& r
j
110..cj
}
m.j
Newark,—Re-organized stock
1stM.,g.,int.gu.under lease by B.AO.andCcnt.O.c*
Sandusky Mansfield &
Savannah Florida tf- West. -At. A G. consol, mort..
South Georgia & Florida, 1st and 2d mortgages:..
Sav. Fla. & W., 1st mortgage
c*
Schenectady <£ Duanesburg—1st M., guar. D. & H.c*
Schuylkill Val.—Stock, 5 p.o.,guar. 999yrs., Pli.AR.
Scioto Valley— 1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per year)
Consol, mortgage
Seaboard & Roa'ke—Stk. ($244,800 is prf.
Debentures, redeem, at will after Aug.
1st mortgage for $2,500,000
Georgia Carolina A Northern Ry. gold
gua.7 p.c.)
1, 1916..r
c*
i52
$20,000,000
1,000
l.OOOAc
l,OOOAc
5,000,000
6,750,000
100
1883
1877
1885
1886
1888
1888
150
217
1,000
1867
1869
1884
1874
60*2
1,000
1,000
i869
152
500 Ac.
438,000
1,750,000
1,000
1,000
•
•
•
2,598,000
....
>
1,000
lOOAc.
50
500Ac.
.
98
124
1,000
1,000
100
100 Ac.
1886
1886
18S8
81
....
1,000
1,000
East St.
July 1, 1870.
St. Louis Vandalia Sc Terre Haute.—Owns from
Louis to Indiana State line, 158 miles. Road opened
It is leased to the Terre Haute & Indianapolis Railroad at a
of 30 per cent of gross earnings. In July, 1887, suit was
the lessor company in the U. 8. Circuit Court against the lessee
nulment of lease on the ground of its invalidity. Judge Gresham
decision, while admitting that under the rulings of U. S. Supreme
in similar eases the lease might be considered invalid, held that
sor could not avail itself of such Invalidity by reason of so many
Where
Whom.
Q.-F.
J.
J.
A.
M.
J.
J.
F.
J.
A.
J.
A
A
A
A
A
A
A
A
A
A
do
do
J.
J. New York and London.
do
do
O.
N. Y., 40 Wall St.
N.
do
do
J.
do
do
D.
do
do
A.
do
do
J.
do
do
O.
do
do
J.
Duluth.—Line of Road.—St Paul, Minn., to Duluth.
Minn., 155 miles; branches, 12 miles; leased: Stillwater A St. Paul RR.»
13 miles; Minneapolis A Duluth RR., 13 miles; Taylor’s Falls A Lake
■Superior, 21 miles; Grantsburg Branch. 17 miles; total, 231 miles.
Between Northern Pacific Junction and Duluth, 24 miles, the road is
owned Jointly "with the Northern Pacific. The Duluth Short Line road
from Thomson to Duluth, 25 miles, Is leased for 99 years, an l the bonds
of $500,000 guaranteed.
The Lake Superior A Mississippi RR. was sold in foreclosure May 1,
St. Paul A
is
stock
1877, and this company organized June 27. The preferred stock
received in payment for lands at par. Three shares of common
Preferred
nave one vote and each share of preferred has one vote.
May 1, 1888
July, 1892
1909
Oct. 1,
Nov.
July
June
Aug.
July
1909
1, 1910
l, 1933
1, 1937
1, 1898
1, 1922
April 1, 1908
July 1, 1937
N.Y., Company's Office. April 16,1888
F. A A. N.Y., Winslow, L. & ( o. Feb. 1, 1923
do
do
May 1, 1907
M. A N.
J. A J. N.Y.,S.M.Swenson&Son Jan. 1, 1916
Q.-J.
1*2
6 g7
6 g.
o g.
5
,
J.
July 1, 1926
do
A J.
....
■
M. A N.
6 g-
3
7 g.
7
brandies.
(See abstract of
Trust bonds due 1898 were
earnings
Stocks—Last
Dividend.
N.Y., 40 Wall St.
1*2
Moss N. Bk.,Sand’ky,0.
N. Y.. Union Trust Co.
N.Y..H.B. Plant, ASavau
do
do
do
do
Del. A Hud. Canal Co.
Phil.Offi’e, 407 Library.
1928
1928
Feb. 1, 1888
Jan., 1909
July, 1897
May 1,-1899
A pill 1, 1934
Sept. 1, 1924
Jan. 12, 1888
Jan. 1, 1896
paid July, 18*4.
paid April, 1884. April 1, 1894
paid July, 1884. r July 1. 1910
N.Y., Winslow, L. A Co.
Balt.,Farm.APlant. Bk. May i, 1888
!
Aug. 2, 1916
Portsmouth, Va.
New York, Balt. A Phila. July-1. 1926
........
rental
brouirlit by
for an¬
in his
Court
the les¬
years’
delay in seeking relief. The ease lias been appealed by the Vandalia
company to
the U. S. Supreme Court.
The annual report for
1886-87* was published in the Chronicle, V. 46, p. 133. The lirst mort.
and $1,000,000 of second mort. bonds are guar, by the lessees and also
by the Pittsb. Cin. A St. L. RR. The stock is $2,379,358 common and
f1,544,700 pref. $644,922;ending Octoberl>.31,1887,T. H., $527,111,were
1,757,004; net, In year rental to St.
Van. & gross
less
oharges $363,614, leaving surplus $163,497. In 1885-6 profit to lessee
was $23,687; in 1886-7 protit $117,821.
Thos. D. Messier. Pres.. Pitts¬
burg, Pa. (V. 45, p. 45, 85, 113, 540,855; V. 46, p. 76, 1 33, 172.)
pal, When Due*
Payable, and by
Payable
Feb. 1
J. A J.
J. A J.
1,780,500
M. A N.
7
664,000
A. A 0.
6
2,188,000
M. A S.
6
500,000
J. A J.
576,050
J. A J.
7
1,294,000
A. A O.
7
283,000
J. A J.
7
553.000
M. A N.
7
82,000
1,302,800 5 on com. M. A N.
F. A A.
6
690,000
J. A J.
5
500,000
5 g. |J. A J.
1,068,832
2,300,000
1,000
1.876
1879
1880
98
...
140,000
....
50
116
116
286
58
525
14
19
When
7
7 g.
4,991,000
6 g.
8,000,000
6 g.
5,676,000
24,444,000 4*2 & 6 g.
4 g.
7,000.000
5 tc.
8,000,000
6 g;
2,150,000
5 g.
3,500.000
6 g.
4,500,000
1.000
.
Rate per
Cent.
366,000
1,000
1,000
1,000
ljOOO&c
1£79
($13,344,000 are 6s), cp. orreg. 2,284
c*«fer! 280
lstM.,g., Montana Dlv. ($25,000p. m.)
Collateral trust bonds, g redeemable at par. ...1
Minneap. Un. RR.. 1st M., gold,guar.($3,000,000;!
Outstanding
100 Ac.
1880
1883
1887
1888
1882
1888
1887
Consoi mort.,gold
Amount
$100
1,000
2,611
8t. Paul Minneapolis <&. Manitooa—Stock
St. P. & Pac., 2d M. (1st on St. Paul to Watabl...
1st mort. land grant sinking fund, gold
2d mort., gold
Dak. Ext., 1st mort., gold ($12,000 per mile)
Equipment bonds
[Vol XLVI,
immediate notice of any error
great favor by giving
DESCRIPTION.
For
E UPPLE ME X T.
IN VEz TO RS
106
Last
Last
Last
1929
New York, Balt. A Lou.
mortgage in V. 45, p. 342.) The collateral
issued as per circular, in V. 4 6, p. 228. and
maybe paid off at par on three months notice; the Central Trust Co.,
trustee. The Eastern Railway Co. of Minn, issued its bonds in Jan.,
1888. to construct a line from Hinckley northward 70 miles, to a point
near Duluth, the mortgage being tor $5,000,000 at $50,000 for singleand
$60,000 for double track, covering also equipment and valuabl e termin¬
als and elevators. The St. P. Minn. A Man. leases the road for 90 years
from Sept., 1888, and guarantees prim and int. of the bonds. The Mont.
Cent, bonds are issued on several roads (V. 46, p. 125) and are iruar. prin.
and iuterest by the St. P. M. A M. Co., which owns the M. C. stock. Fiscal*
year ends June 30.
Report for 1886-87 in V. 45, p. 471. 512.
1885-86.
1886-87.
1884-85.
1883-84.
1,935
1,471
1,509
Miles operated.
1,397
$
earnings
Oper. exp. A taxes..
8,256,868
3,920,390
Net earnings
P.c. of op.ex. to earn.
4,327,478
Gross
47'59
$
$
3,500.927
7,321,736
3,8 iS,652
8,028,448
4,314,895
4.266,237
3,483,084
3,713,553
45 13
52'43
$
7.776,164
1883-81.
1884-85.
$
Receipts—
$
4,266,237
Net earnings
Rev.from L’ndDep’t
Other receipts
4,327,478
418,270
Total income
Disb ursemen ts—
Interest on debt....
4,960.182
....
Dividends
Rate of dividend....
5 3'74
income ACCOUNT.
214,434
1,949,690
1,600,000
8
1885-86.
$
,
1886-87.
$
131,292
66,284
350,114
171,116
3,713,553
415,782
514,447
4.463,813
$
1,980.200
1,300,000
4,004,314
4,643,782
$
1,999,820
1,200,000
2,170,409
1,200,000
6
6
6*2
3,483,084
$
-
415,782
350,114
131,292
prior right to 7 percent; then common to receive 6 per cent. tttnking fund
418,270
600.000
381,545
Important propositions were voted on at annual meeting June 20, Imp’ts A renewal fd.
1887.
iSoe V. 44, p. 809.) A dividend of 3 per cent in cash and 15
4,386,191
3,549,934
3,411,492
Tot. disburse’ts..
per cent in common stock was paid on common stock in July, 1887.
4,349,505
257,591
454,380
The company has a land grant, of which 1,110.394 acres remained un¬
1,052,321
610,677
Balance, surplus....
sold Dec. 31,1887, and 68,531 acres of the Taylots Falls branch. In 1887
(V. 44, p. 402. 681: V. 45, p. 55. 240, 257, 312, 471, 510, 512, 705,
net receipts from land ami stumpage sales amounted to $541,926.
For
V. 46, p. 134, 191, 22*, 255, 353.)
1886 and 1887 the income account, was as follows, and $568,315 for 820;
of
Brainerd
stock lias a
-
Improvements ” and “betterments” was
From
charged in oper. expenses.
1887.
1886.
$6u3,?S6
Balance
Income from lands
$442,880
$374,766
sur.
and stumpage
50,000
$553,786
Net income from railroad
Cash dividends paid within year:
7 per cent on preferred stock
3 per cent on common stock
$492,880
50,000
operation of railroad
Paid interest on bonds
$375,154
$179,020
$163,057
def. $53,233
120,960
$541,925
—(V. 45, p. 85, 143, 341; V. 46, i>. 201, 321, 381.)
St. Paul Minneapolis Sc Manitoba—(See Map)-—Owns from St.
Paul, via Barnesvilie, to Emerson, 392 miles; Minneapolis to Gretna
via Breckinridge, 413 m.; Minneapolis to Hinckley via St. Cloud, 132
m.; 8t. Cloud to Willmar, 55 in.; Elk River to Milaea, 32 m.; Botti¬
neau Branch, 39 m.; Sauk Centre to Eagle Bend,
36 miles; Fergus
Falls to Pelican Rapids, 22 miles; Crookstou Junction to Minot, 231
miles; Shirley to St. Hilaire, 22 miles; Wayzata to Spring Park, 6
River,
Hope,
Ellendale, lu4 miles; Rutland Junction to Aberdeen, 64 miles; Hutchinson
Junction to Hutchinson, 53 miles; small branches, 5 miles; total oper¬
ated June 30, 18*7, 1,935 miles. Newlines not included in the foregoing,
miles; Morris to Brown’s Valley, 47 miles; Breckeuridire to Park
168 miles; Everest to Portland (via. Mayvillo), 5o miles; Ripon to
30 miles; Moorhead to Halstad, 34 miles; Tintah Junction to
Minot to Great Falls, 5^0 miles; Evansville to Tintah Junction, 33 miles;
Benson to Watertown, 93 miles. Total mileage Nov. 1,1*8 7, 2,611 miles.
This
company was organized May 23, 1879, under the charter
of the St. Paul A Pacific Railroad, and embraced the St. Paul A Pacific
Railroad, the First Division of the St. Paul A Pacific Railroad, the Red
River Valley Railroad, and the Red River A Manitoba Railroad. The
oompany had a land graut of 3,848,000 acres, and acquired the Min¬
road
to Minneap¬
13 miles; totil, 152 miles.
This company was formerly the West. KR. Co. of Minnesota. The ter¬
minals at Minneapolis are on 20 acres, and in and about Minneapolis and
St. Paul a total of 400 acres is owned.
The land grant of the company
is located along the line of the road between Brainerd and Sauk Rapids,
and about 210,000 acres remain unsold.
The land proceeds are lirst
applicable to redemption of West. Minn, bonds, and then to the redemp¬
tion of the Gen. Mort. bonds; if obtainable at 120. The road, with itsterminal property, is leased for 999 years to the Northern Pac. at a net
rental equal to 40 p. c. of the gross receipts, but any surplus over 6 per
cent on stock is divided equally between lessor and lessee
The bonds
are guaranteed principal and interest.
The stock is placi d in trust with
Farmers' L. A T. Co., the power to vote being held by N< rthcru Pac. Co.;
St. Paul Sc Northern Pacific.—Line
olis, 139 miles, and branches to St. Paul,
are issued.
quarterly—Feb.,
May, Aug. and Nov. (V. 44, p. 22,90; V. 45, p. 401, 438 ; V. 46 p. 75.)
Sail Antonio «fc Araiiftus Pass.—Road extends from Kerrxilleto
Wallis, Texas, 264m.; Kenedy June, to Corpus Christi and branch, 99
The mortgage lirst
in.; Yoakum to West Point od m.—Total 413 miles.
given above covers the 150 miles from Sail Antonio to Arans is Bay. The
bonds alter that are Issued at $12,000 per mile on new road completed.
The Farmers’ L. A Tr. Co., of N. Y., is tiusteeot both mortgages. Ab¬
stract of 1st mort. on extensions in. V. 45, p. 372.
Capital stock issued,
$2,617,200. From July!, 1**7. to Dec. 31, 1887, (6 mos.). gross earn¬
ings were $384,467; net, $129,985; surplus over interest, $.>8,605. U.
Lott, Pres’t and General Manager. (V. 44, p. 495, 751, 809, V. 45, p.
but “beneficial certificates” entitling holders to dividends
The registered interest on the gen. mort. is payable
46, m 321, 418.)
Sandusky Mansfield Sc Newark.—Owns from Sandusky, O.. to
Newark, O., 116 miles.
A consolidation of several roads in 1856.
Leased Feb. 13,1869, to Central Ohio Railroad, guaranteed by Baltimore
A Ohio, and new lease made February 23, 1880, extending to December
1,1926, with option to the Balt. A Ohio Company to renew for terms
of 20 years each.
Rental is $201,850 annually. It is operated as Lake
Erie division of the Baltimore A Ohio system.
In 1885 86, gross
$1,013,014; net. $30 *,711; in 1886-87, gross, $1,080,463: net, $291,864.
San Pedros Los »ligeles Sc IJ tali.—In progress from Passadena, via cos Angeles to San lVdro Bay, California, 50 miles, of which
7 miles from Passadena to Altadema. is in operation.
372. 509. 512, 821; V.
neapolis & St. Cloud RR. grant, 476,*61 acres. The proceeds of land
sales are reserved by the lirst mortgage trustees as a sinking fund for
the redemption of the bonds at or under 105 and interest, and bonds
are called in yearly so far as the funds are in hand.
The second mort¬
gage bonds do not cover the land.
The land sales for year ending Juno
Savauuali Florida Sc Western,—Owns from Savannah, Ga # to
30, 1887, were 62,632 acres for $407,115, and 181 town lots for $10,Chattahoochee, Fla., 258 miles; branches—Bainbridge Junction to Bain854. The net amount due on land contracts June 30. 1887, was $191,bridge, 9 miles; extension to Savannah wharves, 170 miles; Junction
894, bearing 7 per cent interest ; lands unsold. 2,690,435 acres.
Dividends have beeu paid as follows since 1880 : In 1881, 3 per cent; Branch, 4 miles; Dupont to Gainesville, 118 miles; Thomasville to
Albany, 58 miles; Way cross to Jacksonville, 75 miles; Fort White.
in 1882, 9; in 1883, 8 ; in 1-84, 7*c; 1885 to 1*87, inclusive, 6.
Fla., to Lake City, Fia , 20 miles; total, 545 miles.
The capital
Ramre instock prices since 1882 has been: In 1883, 91'« 169*2 ; in.
stock is $5,340,300, and dividends are paid as earned. In 1887 gross
1884, 76*i=ito99; in 1S85, 79%®111; in 1886, 106V«>124*s; in 1*87,
earnings were $2,675,526; net over expenses and taxes, $ *77,719. In
Ply's’ll 07e : in 1888 to May 18, inclusive, 94'S>1 14*o.
The authorized amount of consolidated mort. bonds is $50,000,000, of 1886 gross earnings, $2,557,817; net, $434,741. H. B. Plant. Pres’t,
New York.
(V. 44. p 344.)
which $19,426,000 were reserved to pay prior liens. The mortg. of the
Schenectady Sc Duanesburg.—From Quaker Street Junction,
4p. c. bonds due 1937 allows $15,000p. m. to be issued lor second track, N.
Y., to Schenectady, N. Yr., 14 miles. Leased In perpetuity to the
and the mortgage (Central Trust Co. of New York, trustee) is for an
A Hudson Canal. Rental, $30,000 per year. Stock, $100,500.
authoriz3d amount of $25,000,000 to provide for future extensions and Del.
ibaoonndrs.
sraitloodc-k
m VESTOKS’
108
Subscribers will confer
a
[Vol. XLVI,
great favor by giving immediate notice of any error
explanation of column headings, Ac., see notes
on first page of tables.
Seattle Lake 8. dk East.—1st M., g., $25,000 p. m..*c
Shamokin Sunbury dk Lew is burg—1st mort., coup.
2d mortgage
Shamokin Val. dk Pottsville—Stock, guar, by Nor.JC..
1st mortgage, gold, on road and lands
o
Shenandoah Valley— 1st m (Hag. to Waynesbo.) —
General mort., gold
3d mortgage income bonds, registered, non-cum..
Car tmifi,-, nertitteates
Miles
Date
of
of
Road. Bonds
59
31
1886
18821884
29
28
255
255
255
...»
Size, or
Amount
Par
Value.
Outstanding
Sheffield dkBirm.—lstM.,g.($15,000p.m.)
c* Ar
2d mort. ($10,000 per mile), gold
c
1st M. on lands, furnaces, Ac., sink fd nut dr’n..o*
Shore Line <Conn.) -St’k^^p.ct.rent.N. Y.N.H. AH.
$1,475,0 <0
1,000,000
6 g.
500,000
50
869,450
2,000,000
2,270,000
4,113,000
1,650.000
♦ 20,109
1,30 »,000
6
3
7 g.
7 g.
6 g.
6
1871
1880
1881
1883
500 Ac.
1886
1886
1888
,
Shreveport dk Houston—1st, g.. guar, by H. E. A W. T.
Silver Sprinas Ocala dk Qulf— 1st M, g.($!3,000 p.m.)
South Carolina—Stock
let mortgage, sterling loan
1st consol mortgage (for $5,000,000)
2d consol, mortgage
Income mortgage bonds (not ciuuulative)
South Florida— 1 st mort. ($12,000 per mile.)
c*
So. d: No. Alabama—1st M., endorsed by Alabama.
87
87
1,000
1,000
1,000
1,000
1,000
is 80
1881
1885
50
40
247
247
247
247
1868
1881
1881
247
1881
18*5
189
1870
182
183
1873
183* 18*0
1886
iio 1887
Sterling mort., s. fund, guar, by L. A N
2d mortgage bonds (owned by L. A N.)
Consol, mort. (for $10,600,000), gold
o'
South Pacific Coast— 1st mort., gold, guar. s. f
c
South Pennsylvania—Stock (for $20,000,000)
1st mortgage (for $20,000,000)
114
Southern Cent. (N. i.)—Consol, mort. convertible.c
Southern Pacific COMPANY— Stock ($100,060,006) 5,110
1882
5
100 Ac.
1,600,00)
1,000,000
200,000
lOOOAc.
1,000
1,006
400,000
360,000
4,204,160
100
Various
114.539
1,000
1,000
-
4,850,000
1,130,000
6
6
5
4 g.
J. A J.
do
do
Yearlv.
J. A J.
J. A J. N. Y., 50 Exchange PI.
M. A N. London, Baring Bros.
A. A O. N. Y., 50 Exchange PI.
F. A A. N. Y., 50 Exchange pi.
J. A J.
New York Office.
5
F. A A.
1,000
2,256,000
1,000
391,000
6
8 g.
£200
4.620,110
1,960,000
200AC.
100
Schuylkill Valley.—Owns from Palo Alto to Reevesdale, Pa.f
miles; branches, 8; total, 19 miles. Leased to Pliila. & Reading RR.
lor 999 years from Sept. 1, ’61, at 5 p. ct. on stock. Has no bonded debt
Scioto Valley.—Owns from Columbus, O., to Petersburg, O., 131
miles. Stock is £2,093,350. Coupons of 1st m. and cons. m. due July 1,
’84, and of 2d m. due April, lb8±, were purchased in interest of Mr.
Huntington, and are held as liens.
Receiver (Jas. Robinson) was appointed in June, 1885, on a judgment
ofC. P. Huntington for $639,305. Foreclosure is pending. (V. 45, p. 673.)
Seaboard & Htoanoke.—Owns from Portsmouth, Va., to Weldon,
N. C.. 81 miles; leases Roanoke & T. RR. 30 miles, and has a controlling
interest in the Raleigh A Gaston R <. 109 miles, and thus in the Raleigh
A Augusta Air Liue 107 miles and Carolina Central 269 mile*.
Also
controls Pittsboro RR. 11 miles and Carthage RR. 11 miles; tota1, 618
mile<. Of the stock, $1,058,700 is common, $200,000 is 1st 7 per cent
guar.p and $44,200 is 2d guar. The debentures above are to be included
in any 2d mort. issued. They are payable at will as a whole, or in 10
per cent instalments after Aug. 1,1916. The bonds of the Georgia Caro
Iina & Northern Railway Co. (building from Monroe, N. C., to Atlanta,
Ga., 2*5 miles), are issued at $l8,00u p *r mile, and are guaranteed as to
interest by the Seaboard & Roanoke till the road is in running order. In
year ending February 29, 1888, net earnings, $329,075; surplus over
fixed charges, $246,;t61; from which paid dividends (10 per cent),
$L 14,4^0; surplus over dividends and interest, $131,841.
J. M.
Robiuson, Pres., Balt., Md. (V. 4 >, p. 539.)
Seattle Lake Shore & Eastern.—(See Map.)—Main line com¬
pleted and in operation, Seattle to Gilmau, 42 miles. Ten miles more
of the main line to Raging River are graded and will be in operation
July l. The Northern branch froii Suokomish Junction to a connec¬
tion with the Canadian Pacilic is in progress; 14 miles of this branch
to Snokoinish are completed and in operation.
Oilier branches, 3 miles.
Total completed mileage, 59 miles. The whole main line. Seattle to
Spokane Fai s, over 30 ) miles, is under contract, of which 40 miles
3,299,800
89,027,770
on
the western end and 45 miles
on
the eastern will be
com¬
pleted and in operation this year, and the remainder of the main lino is
to be completed Sept. 1, 1889.
Construction work on 40 n.iies more of
the Northern branch is about to begin, and it is very probable that the
whole of this branch to
a
connection with
the Cana
iian
Pacilic may te
completed during the year 1888
Sheffield A ttirniiiiglium Coal, Iron & Railroad Co.-fffcc
Maj).)
Road completed between Sheffield and Jasper, Alabama,
87 miles.
In Sept., 1887, Sheffield A Birmingham
Railroad was
consolidated w'ith the Alabama
Tennessee Coal A Iron Co. The
new company owns the railroad, 70,000 acres of coal an l iron lands in
Alabama and 60 acres of land in Sheffield. Five blast furnaces are in
course of c< nstruction, each having a capacity of 140 tons
daily. Stock
is $7,200,000 pref. Mortgage of 18s8 covers 3 furnaces, 70,000 acres
of mineral l inds, Ac. Sinking fund of 4 cents per ton of coal mined
lion the lands and 10 cents per ton of iron male at the furnaces, is
put at interest to redeem the bond-*. See V. 45, p. 441. E, W. Cole,
President, Nashville. New York, office, 10 Wall Street (V. 45, p. 441 >
Shenandoah Valley.—From Hagerstown, Md., to Waynesboro and
thence to a connection with the Norfolk A Western road at Ro noke,
239 miles and branches 17 miles. A close contract for working and an
exchange of stock for Norfolk A Western stock was made in 1883. In
March, 1885, Sidney F. Tyler wTas appointed receiver. In June,
18b7, the plan of reorganization proposed was in Y. 44, p. 782, but in
Dec., 1887, the suit for foreclosure was up again, .and Judge Blair,
at R» anoke, Va., decided that the holders of general ruoitgage bonds
had a valid claim on $1,566,000 of 1st mort. bonds in the hands of trus¬
tees, hut that the 1 st rnorr. was a first lien on the whole road. The stock
Is $3,696,200, of which $3,057,100 is held by the Norf A West RR. Co.
From Jan.l to Feb. 29 in 188b (2 mos.). gross earnings were.$l08,56 2,
against $114,908 in 1887; deficit, $2,705 in 1888, against ’surplus of
$8,905 in 1887.
In 1886 gross earnings were $740,655; net, $116,659. In 1887 gross
earnings were $9e 2.862; net, $129,316. (V. 44, p. 23,150,309. 495,
497, 680,782; V. 45,p. 143,401, 438, 473, 614, 643, 744, 857, 887; V.
46, p. 40.)
Shore Line (Conn.)—Line of road, New Haven, Conn., to New
London, Conn., 50 miles. Leased to New York A New Haven RR. Co. in
perpetuity Nov. 1, 1870, at $100,000 net per annum. Dividends 3*2 in
an. and 4 in July.
Opera ions and earnings are included in the reports
of the lessee.
Shreveport dc Houston.—From Shreveport, La., to Logansport,
La., 4<> miies; connects with Houst-n East. A W. Texas road, forming
with that a narrow gauge line of 230 miles from Shreveport to Hous¬
ton. E. L. Bremoud, President.
Silver Springs Ocala Ac Gulf.—This road is projected from Sil¬
ver Springe, Fla., to Point Piueilos on Tampa
Bay, about 175 miles,
and t otnpleted io Duaellon, 34 miles. Capital stock, $1,560,000. There
is u land grant of 13,846 acres per mile, of which the mortgage covers
4,666 acres pe^. mile. The proceeds of land sales up to $106.00 ».
yearly go to retire the bonus .at 110 and accrued interest. Thus. C.
Hoge. I resident, 56 Wall St.
South Carolina.—Owns from Charleston to Augusta, 8. C.. 137 in.,
braueiu s t > Colima ia, 68 in., and to Camden, 38 m.; extension. 4 miles;
total mam Hue and branches, 247 in. Default was made and the road
sold in foreclosure July 28. '81. and the company was reorganized.
There were on Dec. 31,1887, $178 000 old 5 per cent 1st mort. extended
bonds, p*y%ble 1887 to 1892 in addition to those above.
N. Pliila., Phil. A Read.RR.
do
A.
do
A. Philadelphia,Treasurer.
do
J.
do
J. Last paid Jan., 1885.
0.
Last paid Oct., 1884.
1
None paid.
A J.
6
1.000
N.Y., Union Trust Co.
A,
6 g.
The annual report
J. N. Y. Office, 10 Wall.
do
do
J.
J.
do
do
J. N. H., Nat. N. H. Bank.
S.
do
'
do
J.
(?)
J.
N. Y., Agency.
London.
A. A O. N.
pal,^When Due.
Stocks—Last
Dividend.
J.
2,538.000
2,971,000
5,500,000
(?)
(?)
and by
5 g6
6 g.
6 g5
1,000
1.000
1,060
F. A
M. A
F. A
F. A
J. A
J. A
A. A
Feb.
Where Payable,
Whom.
A
A
A
A
A
A
A
41*5
jL
When
Payable
Y., 68 William street.
Aug. 1, 1931
May 1, 1912
Feb.
Feb.
July
Jan.
April
Jan.
1, 1924
1, 1888
1, 1901
1, 1903
1, 1921
1, 1923
Jan. 1, 1926
Jan. 1, 1926
Jan .1, 1908
Jan. 8, 1888
March,
July 1,
July 1,
Feb. 1,
1887
Oct.
Jan.
Jan.
Jan.
Jan.
to 1888
1, 1920
1, 1931
1.
1931
1,
1915
1, 1890
May 1, 1903
April 1, 1910
Aug. 1, 1936
July 1, 1937
Feb. 1,
(?)
1910
1914
1915
1883
1922
for 1886 was In the Chronicle, V. 44, p. 807.
11
more
Bonds— Princi¬
J.
T.
J.
J.
M.
J.
J.
6 g.
6 g.
6
3^
865/00
100
50
Rate per
Cent.
$1,000
1,000
1,000
c
1st mortgage
discovered In the»e Tables.
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
SUPPLEMENT.
INCOME ACCOUNT.
1884.
1883.
Receipts— 7
Total gross earnings..
Total net income..
$
$
1886.
1885.
$
1,120,060
$
1,326,969
1,233,292
1,151,840
449.894
2,472
382,722
374,524
8,020
446,765
388,604
159,853
358,427
jTtichi/pop yyi fi'n /t»___
Interest on debt
Miscellaneous
Total disbursem’ts..
Balance
452,366
def.
5,601
252
386,437
813
382,544
387,250
5,630 def. 24,117 def. 227,392
332,974
sur.
—(Y. 44, p. 807.)
Sontli Florida.—Owns from Sanford to Tampa, Fla., 115 miles;
Bartow Branch, 17 miles; Pemberton Ferry Branch, 56 miles; oper¬
ates Sanford to Lake Charm, 18 miles—total, 207 miles.
The road is
part of the Savannah Florida A Western system.
South 6c North Alabama.—(Sec Map of Louisville dk
ville.)—Owns from Decatur, Ala., to Montgomery, Ala., 182
with a branch of 6 miles from Elmore to Wetuinpka.
controlled by the Louisville A Nashville RR. Company,
Nash¬
miles,
The road is
which owns a
majority of the stock and all of the second mortgage bonds, $1,960,000,
due 1910, which are pledged with the Union Trust Co. as security for
the Louisville A Nashvilo bonds, dated June 1, 1880. Common stock,
$1,469,082; preferred stock, $2,000,000; par $100. In year ending
J une 30, 1887, gross earnings were $1,871,323; net, $584,131; interest
and taxes,
$459,542.
South Pacific Coast (Narrow-gauge).—Owns from Alameda
to Santa Cruz, 87 ir>.; branches, 23 in.; total, 110 m. The road is leased
for 55 years to the Southern Pacific Company, which company guaran¬
An accumulative sinking fund of $220,000 per year
tees the bonds.
will begin Julyl. 1912; bonds bought at or below par. otherwise sink¬
ing fund
is
invested.
Trustee of mortgage is Farmers’ L.
A Tr. Co.
The stock is $6,0u0,000. Gross earns.’86, $870,157; net. $303,284.
1887 gross earnings were $521,639; net, $230,563,
(V. 45, p. 113.)
In
South Pennsylvania.—The line was m progress between Harris!).
A Pittsb., 223 miles, making a western extension of the Pliila. A Read¬
ing system.
In July, 1835. it was agreed that the Vanderbilt interest
should ho transferred to the Pennsylvania Company, and that com¬
pany offered $6,500,000 3 i>. e. bonds of the Bedford A Bridgeport RR.,
guaranteed by the Penna. RR. Co. But the Attorney-General of Penn¬
sylvania brought a suit to enjoin the transfer, and this suit in Oct.,
1886, was decided by the Supreme Court of Pennsylvania against the
transfer. In 1888, a new arrangement was proposed for complet¬
ing the roa'i.
See V. 46, p. 201, 5 *0, 621. (V. 44, p. 23; V. 45, p. 85,
113, 143; V. 46, p. 201, 581, 590, 621.)
Southern Central (N. Y.)—Owns from Nortu Fair Haven, N.Y.,
to Pennsylvania State Line, 114 miles. Leases the Ithaca Auburn A
Western, Freeville to Auburn, 38 miles; State Line to Sayre, 2 miles.
Total operated. 154 miles. The Lehigh Valley leased this road from Jan.
1, 1887, for 975 3 ears, without any guaranty of interest, and it is
operated by the Pa. A N. Y. Canal Co. The consol. 5s are convertible
into stock at option of holders with n ten years, and $100,000 are held
in trust to retire $90,000 of 7 per cent prior bonds due in 1899.
Six
coupons from Aug. 1, 1886, inclusive were funded into income bonds.
Stock, $1,774,950; par. $100. Inl885-86, gross earnings were $467,068;
net. $51,452; in W-87. gross, $482,482: n it, $23,394; deficit, under
interest, taxes and rentals, $182,827. (V 44, p. 23.)
Southern Pacific COMLP A NY..—This corporation was organised
Aug. 14,1884, under the laws of the State of Kentucky. It holds most
of the stock of the Southern Pacific of California and the other railroad!
connecting with it to New Orleans, and leases each of those roads; also
has a lease of the Central Pacific for 99 years. The stock of each of
the said companies owned by the Southern Pacific Co. Dec. 31, 1887,
and the percentage of net profits of the whole system payable under
the lease to the several lessor companies are as follows:
lotal stock
P. c. of
of company, profits.
Stock owned.
Name of corporation.
26*!
$44,039,100
So. Pac. RR. Co. of California..
$43,997,900
12
19,995.000
So. Pac. RR. Co. of Arizona
19,995,000
4
6,883,800
So. Pac. RR. Co. of New Mexico
6,688,800
...
Mor. L. A Texas RR. & 88. Co
Gal. Harris. A San An. Ry. Co
Texas A New Orleans Ry. Co
Louisiana Western RR. Co
Mexican International RR. Co
New York Texas A Mexican
Total stock and bonds
From Jan. 1 to March 31,
3,360,000
4.172,100
605,000
$120,15.-),900
DiV., 6s.
from
221*
16H
7i*
31*
4,922,100
814,800
$117,104,900
1.11 u.000
$121,269,900
in 1888 (3 mos.), gross earnings on the
whole
against $7,778,515 in 1887
$2,382,451; adding rental!
leased lines and other receipts, the total net income was $3,6oo,under fixed charges, construction, improvements, Ac.,
deficit
system (5,584 miles) were $10,602,445,
(5,465 miles); net, $3,433,621, against
724;
5,000,000
27,085.100
5,000.000
3,360.000
6.000,000
South Pacific Coast
Total
Galv.Har. A San Ant.,West.
4,062,700
26,278,400
5.000,000
$196,679.
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-Baker
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LNYESTOES’
[Vol. XLVI
SUPPLEMENT
MAP OF. THE
.
SHEFFIELD & BIRMINGHAM
COAL, IRON & RAILWAY CO.
IBSAROATIlNLCDOKSD.
1MaS8y.J,
112
INVESTORS’
Subscribers will confer
a
SUPPLEMENT
(Vol. XLVI.
great favor by giving Immediate notice of any error discovered In these Tables.
DESCRIPTION
For
explanation of column headings, &c.,
on first page of tables.
Miles
Date
of
of
see notes
Road. Bonds
Size,
Bonds—Princi¬
INTEREST OR DIVIDENDS.
or
Amount
Par
Value.
Outstanding
Rate per
Cent.
When
Where
pal,When Due.
Payable, and by
Stocks—Last
Dividend.
Whom.,
Payable
’
South. Pac. of Arizona - 1st mort., gold,c,p. or reg...
South. Pac. (Cal.)—1st M., ir.,land err., cp. or reg., s. f.
Monterey, 1st M.. sink. f<i. $5,000 yearly
r
Smithern Pacific of N. Mexico—Mort., coup. or reg..
Southwestern (c/aj—Stock, 7 p. c., guar. Cent. Ga...
Southwest Pennsylvania—Stock
1st mort. sink, fund, $50,000
yearly, not drawn r
Spuyten Duyvil dk PH Mor.—Stock, 8 %, gu. N. Y.Cent.
State Line dk Sullivan—1st M., couv. (red’bleaft.’88)
Staten Island— 1st mortgage
Staten Island Rapid Tran.—lstM.,$ or £, cp.or reg.
2d mort. guar by B. & O. cp. or reg.. gold
384
15
167
321
81
Sunbury Hazletondk Wilkesb —1st, $5,000 dr. atlOO.c
2d mortgage, income
Sunbury & Lewistown—1st mortgage
c*
Suspension Bridge dk Erie Junction—Stock
c
1st mortgage, principal & interest guar, by Erie.
Syracuse Binghamton dk N. Y.—Stock
Consol, mortgage (guar. D. L. & W.)..
Syracuse Geneva dk Coming—1st mort., s.f. lp.o..c
2d mortgage
.
45
mort
43
ti S6 g5
6 g.
1,000
230,000
4,180,000
100
50
5,099,400
998,850
1,000
900,000
5
7
989,000
4
200,000
300,000
1,000,000
2,500,00)
7
7
6
5
6
5
.
100
100. &c.
,
1879
1873
1883
1886
.1885
1875
1,000
1,000
1,000
1,000
500,000
641,865
(?)
....
1,000
r
1874
1878
1878
1876
50
1.000
100 &c.
100 &o.
500
1870
4,010,350
1,185,000
1,185,000
1,350,000
500,000
500,000
1,000,000
2,500,000
1,966,000
ioo
'
1,000
100
1876
1875
1879
1883
1883
3^
4 500,000
500 Ac.
1886
20
20
43
43
43 h
23
23
81
81
57
$10,000,000
33,303,000
1,000
....
c
Syracuse Ontarxo dk New York—1st
2d mortg., income (for $500,000)
1880
1881
1877
6
24
13
All.
Incomes, gold (uon-cum.)
Stockton dk Copperopolls—1st mort., (guar, by C. P.)
Suburban Rapid Transit—Stock ($6.600,000)
1st mortgage bonds (for $6,600,000)
Summit Branch (Pa.)—Stock
1 st mortgage bonds, sinkiug fund
’79-’80 $1,000
1,022 ’75-’82 500 &c.
1,000
100&C.
1,000
880,000
600,000
1,000
900,000
Nil.
-
g.
g.
g.
g.
6
3
7
5 & 6
6
7
7
7
2
7
7
5
6
6
J.
&
J. N.Y.,8o.Pac.Co., 23 Br’d Mar., 1909-10
1905-6 & 1912
do
do
do
do
April 1, 1900
J.
do
do
Jan 1, 1911
D. Savannah,Cent.RR. Bk.
Dec., 1887
8.
Mar. 30, 1888
Philadelphia Office.
A.
do
do
Feb. 1, 1917
J. N.Y., Gr.Central D_pot.
Jan., 1888
J. N Y., Union Trust Co. Jan. 1, 1899
O. U. Y., S. I. Rap. T. Co.
April 1, 1893
O. N. Y., Loud. & Glasgow. Jan. 1, 1913
J. N. Y., Company’s Office. Jan. 1, 1926
Jau. 1, 1946
do
do
J. ST.Y.,So.Pac.Co.,23 Br’d
Jan. 1. 1905
A. & O.
A. & O.
J.
J.
M.
F.
J.
J.
A.
&
&
&
&
&
&
&
A. &
J. &
J.
&
M.‘&
N.
F. & A.
J.
& J.
M. & N.
M & N.
J. «fc J.
1936
Feb. 16, 1876
Jan. 1, 1904
Phila.,233 So. 4th St.
do
do
Philadelphia, Penn. RR.
do
May 1, 1938
Pkila., Guar. T. & D. Co July 1, 1896
& J. N. Y. Lake Erie & West.
J.
May 1, 1928
do
Q.—Mar N.Y., D. L.&W. RR. Co.
July 1, 1900
Mar. 9, 1888
A. & O.
do
do
M. & N. N.Y.,Farmers’ L.& T.Co.
M. & 8. N. Y., Gr. Cent. Depot.
J. & D.
None paid.
Oct. 1, 190b
Nov. 15,1905
Mar. 1. 1909
1933
1983
«
.
i
The annual report for 1887 (V. 46,p. 649, 651), showed the net earnings
of the whole system (5.576 mi es and steamship lines) for the
year to have
been $L5,217,963, plus rentals of $374,691, and interest, &c., received,
$652,914;
total. $16,415,598; interest on bonis. $9,364,504; ren¬
paid, $1,911,643; taxes, $1,022,263; interest on notes. &o.,
$219,487; betterments and additions, $497,683; C. P. sinking fund4,
$711,137; C. P. laud department expensjs. $64,253* payable ti C. P.
KR., $1,200,000; dne leased lines for 1985,1896 and 1897, $117,274;
miscellaneous, $97,930; total deductions, $12,562,268, less $85,534 due
from lessor properties under lease, $12,476,73»; surplus,
$1,031,960.
—(V.44. p.344, 435, 527,654, 782; V. 45, p. 113,210,273, 369, 509,
643, 821; V. 46, p. 76, 201, 539, 648. 650, 651.)
tals
Southern Pacific of Arizona.—This is the
connecting line of the
South. Pacitic of Cal., extending from Yuma to N. Mexico boundary, 384
miles. The stock is $19,995,000. The b mds consist of Series A
$6,0 >0,000, due 1909, and Series B, $4,000,000, due 1910. Operated under lease
to Southern Pacific Co., the lessee paying all charges and also 12
per cent
of the net profits of the whole Southern Pacitic system.
In 1887 gross earnings were $1,756,519; net,
$702,787. In 1886,
gross, $1,525 221; net, $647,592.
(V. 44, p. 370.)
Southern Pacific (of California). (See
Map.)—Line of Road.—
The road in California is in two divisions—the North. Div. from San Fran,
to Ties Pinos, 100*2 miles; Carnadero Junction to
Templeton, 139
miles; and leased line, Castroville June, to
Monterey, 15 miles; Santa
Cruz
KR., 26 miles;
Hillsdale to
Almadeu,
8
miles;
total
in Northern Division, 288 miles;—the Southern Divisi
»n, Huron
via Goshen to Colorado Riv., 529 miles; Los
Angeles via Wilmington to
San Pedro, 25 miles; total South. Div., 554 miles; total South. Pacific in
Cal., 842 miles. At Goshen the Southern Div. meets the San Joaquin
Branch of the Cent. Pac., by which it reaches San Francisco and the
main line of Central Pacific. At Yuma, eonuects with its
closely affili¬
ated lines extending to Galveston and New Chileans. The Colora lo
Div. of 242 miles is leased and operated by ihe Atl. & I’ao. Railroad.
Organization, &c.—The Southern Pacific was a consolidation Oct. 12,
1870, of several lines in California. The Central Pacific RR leased
the southern division, but m March, 1885. this lease was annulled and
the whole line was leased to the Southern Pacific
Company on the basis
of lessees paying all charges, and giving to tliis
company 26 Lj per cent
of the annual net profits of the whole S. P.
In October.
system.
1884, leased to the A. & P. the 242 miles of road extending from tlio
western terminus of the A. & P. to Mojave, and right of
way over the bal¬
ance of the lino to San Francisco, at a fixed rental.
(See V. 40, p. 591.)
Stock
and
Bonds.—The authorized
stock
$45,994,800 has been issued and is hold
The bonds above
are in
m
is
$96,000,000,
of which
vstl.v.by the So. Pacific Co.
series A, B, C. D, E and F, of which A Included
$15,000,000 and B, C, D and E each $5,000,000, the balance beiug in
aeries F; the bonds are issued at tiio rate of $40,100
per mile on
road and lands, except the Colorado Di \ ision, which is bonded at
$ 10,060 per mile. The series A, B, C and D mature in 1905-6, the series E
and Fin 1912.The bonds are a
mortgage oil the lands, and as proceeds
of lands come into the hands of the trustees, bonds are
purchased and
retired. There is also a sinking fund of $100,000
per year.
Land Grant.—The land grant was 12,840 acres
per mile, and proceeds
of sales go to retire bonds. The total
grant
estimated to furnish
10,445,227 acres, bat
useless for
a
is
large proportion of the lands is barren
and
In 1886 the sales
agricultural purposes without irrigation.
313,634 acres for $887,393 ; laud bonds redeemed, $917,000;
land notes outstanding Dec. 31, 1896, $2,253,822.
In 1897 gross earnings of Northern Division were
$1,727,245; net,
$782,445. In 1887 gross earniugs of Southern Division were $3,885,483; net, $1 268,667.
In 1886 gross earnings of both divisions were
$4,943,955; net,
$1,879,939; in 1987, gross, $5,977,218; not, $1,971,373.
were
Southern Pacific of New Mexico.—Road extends from AriLine to the Rio Grande at El Paso, Texas, 171 miles.
Operat d under lease to Southern Pacific
Company, the lessee paying all
char-res and 4 per cent of net profits of the whole So.
Paeifio
system. Stock, $6,888,800. Gross earnings in 1886, $667,196; net,
$310,131; in 1987, cross $735,736; net. $313,498. (V. 44, p. 370.)
fona State
Southwestern (Ga.)—From Macon, Ga., to Eufaula, 144
miles;
branches, the main one being from Fort Yralley to Col
unibus, 71 nries. Extension to Columbia, Ala.. 13 miles, in
progress.
Leased in perpetuity Aug. 1, 1869, to the Central RR. of
Georgia, which
assumes the liabilities and
guarantees 7 per cent on the stock, bui 8
per cent is to be paid if 10 per cent is paid on Central stock.
jilas 177 miles of
Southwest Pennsylvania.—Greensburg, Pa., to
Fairchance, Pa.,
44 miles, and branches, 37 miles; total, 81 miles.
Opened April 1,1873,
and leased yearly to Pennsylvania RR.. which operates it at
cost, pay¬
ing net earnings as rental.
P. nu. RR. owns $704,850 of stock and
$600,000 of bonds.
In 1887 gross earning! were $314,437; net,
earnings, $422,720; surplus over fixed charges, $352,125; dividends
(10 percent), $90,903. In 1896 gross. $756,139; net, $399,330.
Spnyten Puyvii Sc Port Morris.—Road is 6 miles in length and
connects the New York Central & Hudson with the New York & Harlem.
Leased to New York Central November 1,
1871, till Dee. 31, 1970,
Rental is 8 per cent on capital stock of $989,000.
State Line Sc Sullivan.—Owns from Monroeton, Pa., to Berenice?a., 25 miles. Stock, $990,000 (par $50). The mortgage covers 5,000
acres coal lands.
In May, 1884, this road was leased to the Penn. & N. Y.
Canal & RR. Co. for fifty years; rental, $40,000 per annum.
Staten
Island.—Clifton
to
Totteuville, 13 miles.
Capital stock
originally $210,000,
par $15 per share, but being bought by company
for $65 a share this is now taken as par value, and whole a nouat as
$910,000. Leased to Staten Island Rapid Transit Co. for 99 yea *s from
Jcly 31, 1884. at $80,600 per annum. Dividends in 1835 86 and in
L836-87 6 percent o i $65 shares.
Staten Island Rapid Transit RR.—The line of road is around
the Staten Island shore, east and north sides, from Vanderbilt Landing
(junction with the S. I. Railway) to a point opposite Elizabothport, N.
It has a 99 years’ lease of the S. I. Railway and controls the Ferries,
N. Y. City. In November, 1835, the agreement with B lit. & Ohio
was reported for making the terminals of thac RR. Co. at St. George
by means of a bridge over the Kills at Elizabothport. The bridge Is
to be completed by Ju le, 188 L
The B. & O. guarantees the 21 mort.
bonds of this Co., and owns a majority of its stock of $500,000. The
income bon Is are held by the B. & O. and S. I. R. T. C >s., one-half each.
From Jan. 1 to April 30 in 1838 (I mo iths) gross earnings wore
$181,332. against $L73,015 in 1887; net, $5,333. a rainst deft sit, $2,721.
In year ending September 30, L8S7, gross
earnings of ferries and rail*
road were $342,278; not, $22 3,957; surplus over interest, taxes, ren¬
tals, esc., $ 152. See annual report, V. 46, p. 10i. (V. 4 4, p. 495; V. 45,
p. 212, 643, 696; V. 46, p. 101. 102, 610.)
Stockton Sc Copperopolls.—Stockton to Milton and Peters to*
Oakdale,Cal., 49 miles. Leased to Central Pacitic Railroad Company for
thirty years from Jauuary 1, 1875. By the terms of the lease the les
see agrees to pav principal and interest of the bonds.
Capital stock,
$234,500. In 1837, gross. $1L8,637; net, $55,240.
Suburban Rapid Transit.—This company has built a bridge
across the Har e n River, N. Y. City, and is in operation to 16Lst Street,
N. Y.,
miles. Tue line as latd out is 14*90 miles Iong. Little informa¬
tion has yet been obtainable eonoerning its finances.
In July. 1386.
JT.
so
the Manhattan Elevated
stock Holders
taking its sto k ami bonds,
ennt ed to take 7 shares
In vear ending Sept. 30,
under operating expenses,
as follows:
S. R. T. Co.,
offered the privilege or
Each 100 shares of Manhattan
and 7-10 of a $1,0,K) bond.
were
1337, gross earnings were $43,244; deficit
$19,254. Samuel R. Filley, President, N. Y.
Summit Branch (Pa.)—This company’s buaiaess is almost entiivl.v in mining coal; it leases the Lykeus VaLle> RR., Millersburg to
Williamstowu, Pa., 20 m l“3, and has a small branch of its own to Sum¬
mit Mines, %of a mile
The road is operated by the Northern Central
under contract. Penn. RR. owns $2,190,lu0 a to *k and $500 000 bonds.
From Jan. 1 to April 31, 1883 (4 months), gross earnings from coal
and mining operations of Summit Branch proper were $479,298,
agninst $36 L748 in 1887; net, $81,217, against deficit of $11,919.
The annual reports for 1886 and 1897 ga/’e the following:
„
Gross
earnings
Net earnings....
Interest charge.
Surplus
Lykeus Valley deficit
Profit and loss debit balance
1387.
1386.
$1,358,814
$123,260
82,950
$731,12 3
$12,732
_
82,950
$45,310
100,361
def. $70,163
def. $55,051
def. $167,359
97,192
-(V.4 4, p. 185; V. 46, p. 173, 223.)
Sunbury Hazleton Sc Wllkesbarre.— Sunbury to Tomhicken.
Pa., 43 miles. Foreclosed March, 1878. Stock, $1,000,000, all owned
by the Penn. Railroad, which pays net earnin gs as rental. Sink, fund
for 1st mort'. draws $5,000 yearly at par.
Gross earnings in 1887,
$154,699, net, $221,024; surplus over charges, $77,725 ; dividends (5
percent), $50,000 J. N. Dt;Barry, President, Philadelphia.
Sunbury Sc Lewistown.—Selinsgrove Junction to Lewistown,
Pa„ 43 miles. Leased for 99 years from July' 1,1876, to Pennsylvania
RR. for contingent interest In net earnings, which in 1834 were $105,855; in 1885, $168,268: in 1836 $123,536; in 1837, $156,709. Stock,
$600,000 (par $50); and dividends of 6 per ct. a year have been paid.
Suspension Bridge Sc Erie Junction.—East Buffalo Junction
Niagara Falls and Suspension Bridge, 23 miles; Look. & Buff. RR.
leased, 14 miles; total operated, 37 miles. Road opened January, 1871.
to
It is leased to New York Lake Erie & Western Railroad Co. at 30 per cent
of gross receipts, wliich are guaranteed to be not less than $105,000 per
annum.
Lessees own all stock except 297 shares.
Syracuse Binghamton Sc New York. — Owns from Geddes,
Y., 81 miles. Chartered as Syracuse & Bing*
18, 1854; foreclosed and reorganized Aprfl
N. Y., to Binghampton, N.
hamton and opened Oct.
30, 1857, and controlled by Delaware Lackawanna & Western. In year
gross earnings were $807,096; net $353,278;
premium on bonds, $54,680; surplus over interest and 6*4 per ot. divi¬
dend, $109,043. In 1885 86 gross earnings, $74‘g,024 ; net, $307,418.
ending Sept. 30, 1887.
-(V. 45, p.212; V. 46, p.610.)
Syracuse Geneva Sc Corning.—Owns from Coming, N. Y., to
Geneva, N. Y.. 58 miles, and Penn Yan to Dresden, 6 miles; totaL 84..
miles. This road was opened December 10, 1877, and is leased
ee
teYr-X'-"
MAP OF THE
TOLEDO, ST. LOUIS
AND
KANSAS CITY
RAILROAD AND CONNECTIONS.
Bedlord
.,iliina.<V
S*\
^Hillsboro
fORTJ/Fun3V
o\
MtiSnvage,
^——QHlO^EdoLl
--^■‘"‘alorehead^l
St. SfeVlLugv/^
jster
^
*
^o French burg
lUohmol
June.
\f
oP'5^-'*S CentralCS
\ (>.. x)k^-v/^»r
.
.(5.
^Norton vX'^'
Eddyville
\
\
y tf.v f0
r
Martin
Powhatan Tv.
PAragould
Cj'X^JIoxie
Livingston
o
London
Mayfield
GuthrieV5^
Fulton
^
KingsMt
.
Glasgow
}ootvt
^Vup11(4
lord
Greensburg
/ U\u
Bowling Greei
W
W^'~
c Ilurso
A.———•
Cy
’Lilian
v
franklin
Oelina
Paris
Umbering,
X>icksoii__—^^^ASHVILLEg
^HuntliiKdonC^ " " av criy j"
j
_
rfGaiiicsbUro
Cookvillo °
Clinton
S
Crossvillo
o
So
NeinoN
Kno
/
^Hazard
Manchester
/
Subscribers will
confer a great favor
DESCRIPTION.
For
explanation of column
on
first page
headings, Ac., see notes
of tables.
by giving immediate
Miles
of
Date
of
Size, or
Road. Bonds
[V0L. XLVT;
SUPPLEMENT.
INVESTORS’
114
Par
Value.
Amount
Outstanding
Rate per
Cent.
When
($1,988,150) —
cnfcr
Ind’napolis
1st inorigage. extension (2d on 93 miles)
Terre Haute <s: Peoria— 1st mortgage, gold
1st mortgage, guar,
by Terre Haute A
Texas Central— 1st mortgage, gold
N. E. Div., mort., gold (2d on 177 miles)
General mortgage/ (pledged)
Texas A N. Orleans of ’74—1st mortg.
Sabine Division, 1st mortgage, gold
-
land gr., coup
Debentures
Texas A Pacific—New
stock, $50.000,000
gold
oc
$25,000,000, g.c*
Extension bonds
Elmira State Line
.
Railroad mortgage
(T. A. A. A G. T.)
let mort., gold
c*
1st M. T. A. A. A Mt. Pleasant R’y, gold
let mort., Cadillac Br.. for $1,260,000, gold—c*
Toledo Ann At'bor A
N. Mich.—1st
Toledo A Ohio Central—1st mort. gold,
Tol. Peoria A West — 1st M., new (for
1873
$50
1.000
1,000
182
93
65
173
177
52
228
105
104
524
(E. Div.)
due 1882 and extended
....
50
1879
1883
1887
1879
1881
1884
1875
1882
1883
1,000
1,000
1875
1888
1888
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,487
1st mortgage, gold, coup.
1st consol, mbit, for $25,00>).0u0,
2d consol. M., inc., non-cuin. for
Texas A Pacific l and Trust—Stock
Tioga RR— 1st mortgage,
Consolidated mortgage
113
Dividend.
Whom.
Pay'able
interest guar
$5,000,000).e*
1,487
1,487
54
54
20
7
61
106
....
196
230
1,000
1,000
1852
1876
1875
1875
1881
1884
1886
1837
1835
1887
Brook Coal Co. at a rental of 33is per cent of its gross
ings. Stock is $1,325,000. In 1884-85 gross earnings were
net, $163,611; rental, $223,897; taxes, $10,559;
to
$70,844. In 1885-6, gross, $638,921; net,
the Fall
•
•
.
•
....
.
.
.
a
....
1,000‘
1,000
1,000
1,000
1,000
1,000
earn¬
$671,690:
lessee.
$167,434; rental, $212,974;
loss to lessee, $45,540.
Syracuse Ontario Sc New York.—Owns from Syracuse, N. Y.,
to Earlville, N. Y., 45 miles. The road was twice sold in foreclosure
and reorganized under present name in 1883. The West Shore acquired
control of the property. Stock, $404,600—par, $100. In year endiDg
Sept. 30.J1887, gross earnings were $98,941; net, $9,540; deficit, $44,461.
Earnings in 1885-86, gross, $88,505; deficiency under interest and taxes,
$47,811.
Terre Haute Sc Indianapolis.—Owns from IndianapoliS to Illi¬
nois State Line. 79 m., with coal branches, 34 in.; total, 113 in. The road
opened in 1852 (as Terre Haute & Richmond). The company leases
and operates the Terre Haute A Logansport RR., also the St. Louis
Vandalia & Terre Haute Road on joint account with the Pittsb. Cm. A St.
Louis RR., at 30 per cent of gross earnings, but guarantees the first and
second mort. bonds. In June, 1887, a controlling interest in the stock
deficit
was
was
sold to II. S. Ives and others in
In 1885-6 gross earnings
the Cincinnati Hamilton
A Dayton
$1,053,090; net earnings and other
receipts, $366,672; interest and 6 per cent dividends, $246,289; loss
onT. H. A L. lease was $89,482.
In 1884-85 gross earnings, $1,060,631;
Income, $358,470; interest and 6 percent dividends, $231,289: loss on
T. H. A Logansport lease, $70,634; betterments to T. II. A L. road,
$45,202 ; surplus for year, $5,345. (V. 44, p. 714, 751; V. 45, p. 85; V.
Interest.
46, p. 321.)
Terre Haute
to Rockville, Ind.,
Sc
Logansport.—Owns from South Bend,
Ind
159 miles; leased, Rockville to Terre Haute, 22 miles’
operated, 182 miles. Formerly Logansp. Crawlordsv. A Southw.’
Total
which was sold in
and reorganized under
& Indianapolis Railroad for 99
of gross earnings, and first
mortgage bonds guaranteed by that company.
Rental in 1885-86,
$119,759; loss to" lessee, $89,482. Rental in 1884-85, $108,562; loss
to lessee, $121,836.
Terre Haute Sc Peoria.—Road operated from Terre Haute, via
Decatur, to Peoria, 173 miles. This is the new company formed in Jan.,
1887, as successor of the Illinois Midland, sold in foreclosure Sept. 30,
1886. That road embraced by consolidation tlie Peoria Atlanta A Dec¬
atur, Paris A Decatur and Paris A Terre Haute. The stock is $2,160,000 pref. and $3,240,000 com. The bonds were issued to pay off receiv¬
er’s certificates and to furnish money' for steel rails, equipments, Ac.
In New York, Mr. Simon Borg and associates were largely interested
In the property. (V. 43, p. 217, 431, 738 ; V. 44, p. 184, 495.)
Texas Central.—Line of road from Ross, in McLennan Co., to
Albany, Texas, 177 miles; Gairett to Roberts, 52 miles; total, 229
miles. Is controlled in Houston A Texas Central interests, by' which
company it is operated; but accounts are kept separate. The authorized
stock is $1,000.000; total issued. $200,265, of which II. A T. 0. holds,
$50,000; Morgan Co., $75,000; directors, $5,300. Defaulted in interest
in 1885, and road was to be sold June 29, 1887, but delayed by' an ap¬
peal. In 1886 gross earnings were $254,892; deficit under expenses
and taxes, $13,553. (V. 44, p. 495.)
Texas Sc New Orleans (of 1874).—Houston, Tex., to Orange
(Sabine River), 104 miles; and Sabine City' to Rockland, 104 miles;
total 208 miles. Belongs to the Huntington Southern Pacific sy stem,
together with the Louisiana Western. This was a reorganization, 1874,
of the old Texas A New Orleans RR. The stock is $5,000,000, and
controlling interest is owned by the Southern Pacific. In addition to
above bonds, there are $462,663 Texas School bonds. From Jan. 1 to
Mar. 31, in 1888 (3 months', gross earnings were $340,251, against
$266,987 in 1887; net, $93,881, against $108,30>.
For year 1886 annual report was in V. 44, p. 620.
Gross earnings in
1887 were $1,267,563; net, $563,353. In 1886 gross earnings were
$998,169; net, $482,136; surplus over charges, $114,989. C. P. Hunt¬
ington, Pres’t, New York. (V. 43, p. 133, 163; V. 44, p. 344, 370, 6:20.)
Texas Sc Pacific.—(See Map Missouri Pacific.)—Eastern Division From Texarkana to Marshall and thence to Fort Worth, 253 miles;
Texarkana Junction to Whitesboro, 239 miles; Marshall to Shreveport,
40 miles; total eastern division, 532 miles. Rio Grande Divis’on—
Fort Worth to Sierra Blanco, 524 miles; Sierra Blanco to El Paso(joint
track), 92 miles; Gordon Branch to coal mines, 3 miles; total Rio
Grande division, 619 in. New Orleans Division—(Formerly' N. O. Paciflo’fRR.) Shreveport to N. O. and Baton Rouge Branch, 336 miles.
Total of all, 1,487 miles.
The Texas A Pacific was built under act of Congress of March 3, 1871,
and other acts in 1872 to ’74, and the laws of Texas. This company' suc¬
ceeded to the right of the Memphis El Paso A Pacific Railroad and other
A consolidation with New Orleans Pacific, share
companies.
for share, was voted in May, 1881.
In 1888, the company was reorganized pursuant to the plan assented
to by stock and bondholders, without having the Court confirm the sale
in foreclosure made in Noav, 1887.
The plan of reorganization formed by the Junction of the two
committees provided that the old first mortgage duo 1905 should
stand, and all others should bo foreclosed. A" new 5 per cent first
mortgage, “A” (subject to the old morts. and Texas lien, $3,951,
000 in all), was made for. ^$25,000,000, and a new 5 per cent
foreclosure Sept. 10, 1879,
present-name. Leased by Terre Haute
years from Dee., 1879/ at 25 per cent
a
239,500
125,000
265,000
160,000
1,260,000
2,120,000
409,000
(?)
3,000,000
4,500,000
.
■
Feb., 1888
July, 1893
July 1, 1925v
F. A A.
A. A O.
J. A J.
N.Y.,Farmers’ L. ATr.Co
6
6
5 g.
7 g.
7 g.
J. A J.
J. A J.
M. A S.
N.Y.,Farmers'L. ATr.Co. Jan. 1, 1910
6
M.
F.
M.
J.
3
$1,401,880
1,600,000
300,000
500,000
500,000
1,000,000
1,800.000
2,145,000
1,254,000
2,286,000
1,620,000
2,075,000
584,000
38,706,700
3,784,000
21,049,000
23,227,000
Bonds—Princi¬
pal,When Due
i Where Payable, and by
Stocks—Last
!
Terre Haute A Indianapolis—Stock
Bonds or 1873
Crnifiol. mortgage for $2,200,000
Tables.
notice of any error discovered in tliese
INTEREST OR DIVIDENDS.
7
5
.
7
6 g.
6
« g.
5 g.
5 g.
5
7
7
7
6
«
6
6
g.
gg.
g.
5 g.
4= g.
A N.
M. A N.
.
A
A
A
A
N.
A.
S.
J.
do
do
do
do
Jan. 1, 1913
do
do
Mar. 1, 1937
N. Y., Union Tr. Co.
Nov. 1, 1909
Last paid Nov., .’84.
May 1, 1911
Last paid Nov., ’84.
Nov. 1, 1934
None paid.
N.Y.S'xPac. Co.’s Office. Aug. 1, 190R
March 1,1912
do
do
1893
do
do
M. A S. N. Y.„Farm. L. AT. A Phil March 1, 1905
J. A D. N.Y.,Mer’leTr.Co.APhil .Tunc 1, 2000
Dec. 1, 2000'
March 1
N. Phil.,Newbold Sons ACo
N. N.Y., N. Y. L. E. A W.
O. Elmira,ChemungCo.Bk.
do
do
O.
J. N.Y.,Farmers’ L.&Tr.Co
N.Y., Central Tr. Co.
N.
A S, NT.Y., Ainer. L. A Tr. Co.
N. Y. Agency.
M. A S.
J. A J. N-. Y., Central Trust Co.
New York Agency.
J. A J.
M.
M.
A.
A.
J.
M.
M.
A
A
A
A
A
A
Nov.
Nov.
Oct.
Oct.
Jan.
1, 1915
1, 1890
1, 1905
1, 1895
1, 1921
May 1, 1924
eept. 1, 19161917
July 1, 1935
July 1, 1917
$25,000,000, non-cumulative.
old bonds as stated
on new first
mortgage bonds shall begin June 1, 1888, and the first coupon be pay¬
able Dec. 1,1888. As compensation, the holders of each consolidated
six per ceDt mortgage bond on tlie Eastern Division receivell5 35 per
cent In the new first yiortgago bonds, instead of 112 per cen t.
Holders
of each New Orleans Pacific bond receive 61*80 per oent in new first
mortgage bonds, instead of 60 per cent. The holders of the Rio Grande
Division bonds receive 41*20 per cent in new first mortgage bonds, in¬
stead of 40 per cent, as in said agree ment provided. The holders of
Terminal
bonds receive 25*75 per cent in new first mortgage
’ncome
second
mortgage,
“ B,” for
These -were to be distributed to the holders of
in the modified plan Sept., 1887, viz.:
The interest
bonds, instead of 25 per cent.
,
is $50,000,000 authorized, and was Issued share
The new stock
for share to old stockholders who paid the *10 per share cash
assessment.
A Land Trust was formed, and its stock issued to
holders of the land scrip and the income land mortgage bonds as fol¬
lows: Scrip holders 125 per cent for their scrip and interest to
1,
1885; bondholders received for their bonds 100 in this
stock, and also 60 per cent 2d mort. income bonds. The lands are about
July
Land Trust
3,890,000 acres, mostly in Western Texas.
Trustee of first mortgage of 1888 is Fidelity
Tns. Tr. A Safe Dep. Co,
of 1888 Mercantile Trust Go. of
income bonds after March 1, 1892,
the income bondhold* rs may take control.
Range of stock prices since May 9, 1883, have been, of new stock:
of Philadelphia; of second mortgage
N. Y.
Unless full interest is paid on
to May 18, 1888. 1918@22i8.
In 1885 the gross earnings were
In 18s6, gross earnings were
44, p. 119, 150. 276, 309,
643, 821 ; V. 46, p. 134. 171,
$5,826,401. and the net, $1,095,619.
$6,042,305; in 1887, $6,200,000. (V.
495.(782; V. 45, p. 240, 303, 401, 614,
321, 539, 610, 621.)
Tioga.—State lino junction, N. Y., to Hoytvillo, Pa., 61 miles, and
Blossburg, Pa., to Morris’ Run, Pa., 3 miles, of which is leased Elmira
State Line Railroad, State line New York to Northern Central Rail¬
way'Junction. 7 miles; and Arnot A Pino Creek RR., Arnot to Hoytville. Pa., 12 miles. Controlled by N. Y. L. E. A W. fnl887groPS
earnings were $363,044; net, $127,851; surplus over interest, rentals,
Ac., $57,845. The stock is $391,200 com. and $189,700 pref.; par $50.
Toledo Ann Arbor Sc North ITUcliIgan.—(See Map.)—Owns
from Toledo, O., to < adifiac, Mich., 235
miles, which carries the
road into the heart of the lumber region of Michigan; and branches
to South Ly'on and Macon Stone (Quarry, 10 miles;' total, 245 miles.
In December. 1887, the connecting road to Muskegon was opened.
Capital stock is $4,040,000; car trust debt, $92,364. The old first mort
gage on 61 miles covers the Southern Division, formerly' called the Tol.
Ann Arbor A Grand Trunk RR.
The $2,120,000 mortgage covers road
between Ann Arbor and St. Louis. Mich.
The annual report for 1887
was in V. 46, p. 537.
Gross earnings were $535,753; net, $193,i47;
surplus over interest, $8,347. James M. Ashley, President, 150 Broad¬
way. N. Y.
(V. 43, p. bOS, 635 ; V. 44, p. 401, 527, 584; V. 45,p. 768;
V. 46, p.
537.)
O., to Corning, 184
Columbus, 29 in., In¬
Jacksonville, 12 m. leased; total
operated, 225 m. rffliis company was formed after sale in fore¬
closure of the Ohio Cent, main line on April 15,’85. Tlie preferred
stock is $3,108,000 and common $1,592,000; the first mortgage
is for $5,000,000, but no more than $3,000,000 can he issued
except by consent of three-fourths of the present bondholders. Car
trust warrants were outstanding June 30, ’37, to the amount of $744,988. The bonds have their interest guaranteed by the Col. A Hocking
Valley RR. Co., and by' an agreement with that company the stock or
Col. A H. V. was offered in exchange for three-fourths of the new stock
of Tol. A O. C., in the proportion of one share of C. A II. V. for one of T.
A O. C. preferred, and one share of C. A H. V. for two shares of X. & 0.,
C. common; the remaining one-fourth of T. A O. C. stock, together with
all that acquired by C. A H. V. by' the exchange, were deposited with
trustees. Afterward the trustees, on the request of three-fourths of the
C. II. V. A T. stockholders, divide! the T. A O. C. stocks as a dividond
on Nov. 17, 1885.
(See agreement in V. 40, p. 597.) From July 1, 1887*
to Mar. 31,1888(9 mos.), gross earnings were $905,554, against $733,175
in 1886-7: net, $338,364, against $262,485. The gross earnings for
fiscal year ending June 30, 1887, were $961,406; net over expenses and
taxes, $288,803; surplus over interest and all charges, $98,532 (V.
43, p. 24, 548; V. 44. p. 91, 210,341, 466, 682 ; V. 45, p. 240, 341, 572.)
Toledo Peoria Sc Western.—Road owned from Indiana State
line to Warsaw, III., 220 miles; branch. La Harpe to Iowa, Ill., 10 miles*
tracks leased to Peoria and to Burlington, la., 17 miles; total operated!,
247 miles. This was formerly the Tol. Peoria & Warsaw, then the Tol.
P. A Western, and as such was leased to and virtually merged in the
Wabash St. Louis A Pacific. After the Wabash default in July, 1884*
foreclosure proceedings were begun, and a sale was reached Oct. 29,
1886. The reorganization plan gave to each of the old first mortgage
bondholders one new $1,000 bond and 10 shares now stock; all other
stocks and bonds extinguished; stock. $4,076,000. Abstract of mort¬
gage (Charles Moran. Thomas Denny and Cornelius B. Gold, trustees)
V. 45. p. 242.
The accident at Chatsworth, III., in August, 188/
by which 79 lives were lost, has caused many suits for damages against
this company. From July 1, 1887, to January 31, 1888 (7 mos.), gross
Toledo Sc Oliio Central.—Owns from Toledo,
miles, including 12 m. leased; Hadley’ Junction to
cluding 5 m. leased; Corning to
May, 1888. J
RAILROAD STOCKS AND BONDS.
115
t
h
\
g.
$
.
^
LN VESTOKS’
116
Subscribers will confer a great favor by giving
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on
first page
of tables.
Miles
of
Road.
Date
of
Bonds
SUEPLEMENT.
[VOL. XLVI.
immediate notice of any error discovered in these Tables.
Size,
Bonds—Princi¬
INTEREST OR D1VIDEN DS.
or
Amount
Par
Value.
Outstanding
Rate per
Cent.
pal/When Due.
When
Payable
Where Payable, and by
Whom.
Stocks—Last
Dividend.
-
$100 $12,250,000
Toledo St. L. <6 Kansas City—Stock
Pref 4 per cc. coiipou stock, uon-cumulative
let mortgage, gold (redeemable at 105)
c*
Toledo Sip. d: jluskcyon—1st M.,g.. $16,000 p.m..c*
Tonawanda Valley <6 Cuba—1st inert. ($50u,000>..
Tyrone & Clearfield—Stock
1st rnort ($100,000 cumulative), siuking fund
100
4,805,000
4
1.000
1,000
1,0.0
9,00-»,000
1,600,01*0
6 g.
6 S6
50
1,000,000
1,000
100
1,000,1*00
200,000
1,342,600
21,342,400
1883
1873
1,000
1,824,000
1.000
1871
1,000
£200
5,669,000
2,000,000
1,846,000
1,800,000
....
1886
1886
1881
-
.
r
74
"Ulster <6 Delaware—1st mortgage
2d mortgage income bonds
467
United N. J. UR. <k Canal Co’#.—Stock, 10 p. c., gu.
Gold bonds
238
General mortg.,gola and currency
c
Uni tea Co.’s mortgage, sinking fund $40.000 . r
do
sterling mort, sinking fd. $ i6/*20..
do
do
sinking fd. $36,000..
do
gold loan
r
Joint Co.’s plain bonds
do
consol. M. (sink’g fd. $150,000)..c*tr
Union Pacific—Stock
;
1 4,764
1,038
1st mortgage, gold, on road and equipment
2d mortgage currency (Government subsidy) — 1,038
3d
do
on road (2d on land), sink, fund.c&r 1,038
Land grant bonds
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).
do
renewal
do
Collateral Trust bonds, drawn at 105
Collateral trust oonds of 1883, gold, sink, fund
Equipment notes
hums. Pac., cons. M., g., sink, fund, coup, or rear.,
do
1st M., on 140 m. west Mo. Riv., gold.
140
-
.
1882
1875
1875
....
1871
1871
1878
1854
1862
...
*
1866-9
1866-9
1874
1867-9
1871
1871
1879
18 S3
1888
1879
1865
1,000
500 Ac.
2<>0
841,000
866,000
5.000,000
$1,600
1,000
100 Ac.
100
60.868,500
27,229,000
27.236,512
14,217,000
1,095.000
1,110,000
1,000
1,000
....
1,000
£200
211 00<*
....
1,000
4,309.000
1,000
5,450,000
(?)
13,655,000
2,240,000
....
1,000
1.000
earnings were $607,074; net over expenses and taxes, $) 50,000. (V.
44.p. 399 ; V. 44, p. 4?5 : V. 45, p. 23 ', 24i, 573; V. 40, p. 5394
Toledo St Louis Sc Kansas City.— (Sec Alar-)—From Toledo to
St. Louis, 451 miles. On June 26, I8s7, the road was Trades andard
gauge on tlie Toledo Division, 206 ui’es, and the balance to East St
Louis is to be made standard duiing 1SS8. This company v as formed
12, 185*6, by consolidation, and it took all the main line of the
Toledo Cin. A St. Louis narrow gauge road, forec osed Dec. 30,1885.
The present common stock and the first, mortgage bonds were issitea
for the purchase of the property, payment of receiver’s liabilities,
broadening the gauge, Ac., Ac., and $4.< 00 per mile of said mortgage
bonds were reserved for obtaining standard gauge equipment. The
June
prefemd stock ’8 a coupon stock, non-cuuiuiutive, and without voting
power; the bonds may be p*id off a*. 10 > on notice to the holders. Pro¬
vision has been made for the payment of interest till 1889 incase
earnings are nsufficieiit. All the securhles are yet held in trusr except
$2,000,000 or the bonds, $4,805,000 pref. stock and $2,50 dKJO com¬
mon stock.
See full statement as to this company in V. 4 3, p. 74; V. 41,
p. 754. Abstract of mortgage (American Loan A Trust Co. of N. Y
and Joseph E. McDonald, trustees), in V. 45, p. 403.
The status or i he Tol. Cm. & St. L *uis from time to time was given in
the Supplement up to June, 1886. The only stock or bond holders of
the Tol. ('in. A; St. Louis who received anything for rlieir ho'dings were
the first mortgage men, who took 150 in new pref. stock for Tol. Delolios
(V.
<fe B firsts and 100 in new pref. stock for St. Louis Division firsts.
44, p. 459, 499, 714, 752, 754, 782, 809; V. 45, p. 26, 393,403,472;
V. 46, p. 77 )
Toledo Saginaw Sc Muskegon.—From Muskegon to Ashley,
Mich., 96 miles, connecting with the Toledo Ann Arbor A N. Mich. D.
Robinson, Jr., President, Muskegon, Mich. (V". 45, 7« 8.)
Tonawanda Valley Sc Cuba.—Owns from Attica, N. Y. to Cuba*
N. Y., 60 miles.
Stock $587,100. $113,000 of 1st mort. bonds were re’
served to redeem same amount of 6 p. c. bonds due 1910. Mr. Bird We¬
aponeer was appointed receiver in 15*84 and reorganization spending.
In year ending Sept. 30. 1S87, gross earnings w< re $15,375 ; deficit nil
der expenses and debt ot' receiver unpaid, $3,836.
Gross earnings in
1885-86 (8 Hum., closed during rest of fiscal year; $10,624; delicit, $3,195.
(V. 44, p. 235; V. 45, p. 7e8.)
Tyrone Sc Clearlield.—Vail, Pa., to Curwensvillo, Pa., 46 miles;
branches. 53 miles; total, 99 miles.
This company was leased to
the Pennsylvania Railroad for 50 years in 1882 at $112,400 per annum.
The bonds have a sinking fund of $10,000 per year if they c m bn pur¬
chased at, or below par. All stock and bonds are owned by the Penn.
RR. Dividends of 5 per cent are paid yearly’. J. N. Du Barry, Presi¬
dent, Philadelphia. Pa.
Ulster Sc Delaware.—Owns from Rondout (Hudson River), N. Y.;
to Stamford, N. Y., 74 miles; branch to Hobart, lea-ed, 4 miles ; total,
78 miles. This was the Rondout Sc Oswego in 1876, reorganized May 28,
1872, as New York Kingston A Syracuse, and again after foreclosure,
May’ 1, 1875, as Ulster Sc Delaware. The stock is $1,152,100. There
are also $50,0e0 real estate mortg. bonds.
In year ending Sept. 30, ’87
the gross earnings were $353,535; net earnings $130.~ll
surplus
over interest, taxes, etc., $68,963.
Tn 1^85-86, gross, $339,566; net,
$140,471. Thomas Cornell is President, Rondout. N. Y.
United New Jersey
500,000
Railroad Sc Canal Co. —Lines of Roai».—
New York to Philadelphia and branches. 135 miles; Camden to Amboy
and branches, 247 miles; Trenton to Manunka Chunk and brandies,
85 miles: total operated,467 miles. DclawareA Raritan Canal. 66 miles.
This company was formed by a consolidat ion in 1867 of the Del. Sc Bar.
Canal Co., the Camden Sc Amboy KR., and the N J. RR. A Transp. Co.
Tlie United N. .T. KR. Sc Canal Cos. were leased in May, 1871. to the
Penn. RR. for 999 years, at a rental of 10 p. e. on the -tuck, besides in¬
terest on bonds. The smaller leased roads were takyn with their several
contracts. Tue lease has not been directly profitable <n cash receipts to
the Penn. RR., and the net loss in 1879 was $939,889; in 1880. $1,035,
308; m 1881, $302,864; in 1882, $568,759; in 1883, $635,914; in
1884, $593,536; in 1885, $159,490; in 1886. $179,016 ; in 18^7, $227.991; but the connection with New York was indispensable. Operdions
and earnings are included in the .Penn. RR. report. Sinking funds Dec.
31, 1Ss7, held securities of par value of $4,464,100, and cash. $^0,151.
There are also $154,000 bonds due Feb. 1, 15*88, sii 1 outstanding.
Union JPacilic Railway.—(Nee Map.)— Lines of Road.—Main
One—Council Hiatts to Ogden and branches. 1,049 miles;
other
branches—Kansas City to Denver. 643; Denver to Cheyenne, loO;
Leavenworth to Lawrence, 34; total owned, 1,824 miles; controlled
and operated in the Uuion Poetic system January, 1888—Omaha Sc
Repub. Valley RR.. 470 m.; Colorado Central RR., 327; Echo Sc Park City,
RR., 31; Utah Sc Northern RR., 4o6, «rf which 5** m. are leased to Mon¬
tana Union RR ; Lawrence Sc Emporia RR.. 31 (leased—not operated);
Junction City’ & Ft. Kearney. 8*; Solomon RR., 57; Salina A Southw’n.
35: Kan. Cen 167; Deu. A Boulder Valley., 27 ; Oregon Short Line and
,
branch, 611; Greeley Salt Lake Sc Pacific, 63; Denver South Park A
Pacific. 325; salt Lake A Western, 57; Georgetown Breekenridge Sc Lcad-
Sc Middle Park. 4 miles; Dcnve- Marshall Sc Bould¬
Park A Pa**., 14 miles; Salim* I/neoln A West¬
Sc Northern, 123 mile-; Oak ey A Colby, 22
miles; total thus controlled, 3,029 miles, of which only 2,940 are oper¬
ated. T t il operated in the U. P. system Jan 1. 18Hs. 4,704 miles.
The lines of tlie Oregon Ity. A Nav. Co. (752 tildes) and of the St.
Joseph A Grand Island (44/ mites), though leased respec ively by’ the
2*a
54
7
7
2*a
4
6
6
6
6
6
6
6
g.
g.
g.
g.
1%
6 g.
6
8
7
8 g.
8 g.
6
5
_
J. A J. First coup.due July, ’88.
J. A D. N. Y., Bk. of N. Amcr
M. A N. N Y., Central Trust r’o.
M. A 8. Last paid, March, 1884
J. A D. Phila.. 233 South 4th.
J. A J.
Philadelphia.
J. A J. Rondout, Co.’8 Office.
F. A A.
New York.
Q.-J. Phila. and N. Y. Offices.
F. A A.
Philadelphia Office.
M. A S.
do
do
A. A O. Phila., Pennsylv’a RR.
M. A S.
London.
M. A S.
do
M. A S. Phila., Penn. RR. Office.
J. A D.
Princeton, N. J.
M. A N.
Philadelphia Office.
Q.-J. New York and Boston.
do
J. A J.
do
J. A J. U.S. Treas., at maturity.
M. A 8. New York and Boston.
A. A O.
do
do
A. A O. London A New York.
A. A O.
J. A J. N. Y., Union Trust Co.
J. A D. Boston, N. Engl’dTr.Co.
Deo., 1887
Jan. 1, 1912
July 1, 1905
July 1, 1905
Apr. 10, 1888^
Feb. 1, 1923
Mch. 1, 1901
Oct. 1, 1894
Mch. 1, 1894
Mch. 1, 1894
Sept. 1, 1908
Jan. 1, 1889
Nov.
6 g.
6 g.
M. A N.
F. A A.
1896 to 1899
1896 to 1899
Sept. 1, 1893
1888-’89
April, 1896
1896
July 1, 19C&
Dec.. 1-
May 1, 1919
Aug. 1, 1895
do^
<9
1907
1898
N.Y., 40 Wall Street.
do
1, 1889
April 1, 1884
_
*
Oegon Short Line and the Union Pacific, are not included in abov^
mileag each having an independent management. *
1'he Central Branch
Union Pacific and leased lines
(388 miles)
are
operated by’the Missouri Pacific, under an agreement with Union Pacific
to twenty-five years from 1885, and not included in the mileage oper
ated by Union Pacific. The U. P also has large interests in the Utah
Central. 2s0 m.; Leavenworth Topeka A 8. W., 47 in.; Manhattan Alma
Sc
Burlingame, 56
in.
and Nevada Central, 93
in.;
Monta .a Union, 73
Montana. 19 m.; Utah A Nevada. 37 miles; South Park & Leadville
Short Line, 8 m., Ogden & Syracuse, G in. Total of all lines which are
m.;
operated separately, 2,236 miles.
In 1886 a b ase of the Oregon Railway A Navigation Company to the
Oregon Short Line, guaranteed by’ Union Pacific was negotiated.
Organization, Ac.—This company’, the Union Pacific Railway, was
formed by a consolidation, Jan. 24, 1880, of the Union Pacific RR. and
the Kansas Pac. and Denver Pac., made under
authority of the acts of
Congress of July 1, 1862 and July 2, 1864. The Union Pac. RR. was
chartered by Act of Congress of July 1, 1862, which gave the company a
land grant of 12,800 acres per mile, estimated at a total of 12,083,227
acres, and a subside in U. S.bonds of $27,236,512 on 1.033 miles of road.
The Kansas Pacific was organized as “ Leavenworth Pawnee A West
era" in 1861; then changed to “ Union Pacific, Eastern Division,” June
6, 1863, and to “ Kansas Pacific” on March 3, 1869. The Pacific Rail¬
road acts of 1862 and 1864 applied to this road, and gave it a subsidy
of $6,303,000 and a land grant of about 6,000,000 acres.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kansas Pacific).
As to the debt of the Pacific railroads to the United States Govern¬
ment a decision of the U. S. Supreme Court settled the point that the
payment of interest on the loans was not obligatory on the companies
till the principal of the bonds became due. Afterwards Congress passed
the Thurman Act, May 7, 1878, which, for the Union Pacific, provided
that 25 per cent of the net earnings, after deducting interest on the
first mortgage bonds and construction and equipment expenditures,
should be paid annually to the Government as follows:
FirstApplied directly to interest account, one-lialf of Government earn¬
ings and 5 per cent of
net earnings, after deducting interest on
first mortgage bonds.
Second—To be placed in the sinking fund—
the other half of the Government earnings and so much of $850,000 aa
may be necessary to make all the payments by the company equal 25
per
cent of its net earnings.
On Dec. 31, 1887, this sink, fund invested
in U. S. bonds (pur value) was $6,27«,650, and the premium paid on
bonds and cash uninvested was $1,620,154; total, $7,893,804.
Stock, and Bonds.—The capital stock issued and outstanding i§
$60,868,500, having been increased about $10,000,000 since the consoli¬
dation in 1880. Dividends since 1879 have been as follows : in 1880, 6
per cent; in 1881,6%; in 1882, 7; in 1883,7; in 1884, 3^; none since.
The yearly range in prices of the stock lias been—In 1880, 80®113\;
in 1881, 105^^131^; in 1882,9843)119%: in 1883. 70^3)104%: in
1884,283>845s: in 1885,413 62%: in 1*86, 4443684; in 1887, 44363%;
iu 1883 to May 18. inclusive. 48®58R8.
Of the Union Pacific collateral trust bonds, the first issue Is limited to
80 per cent of the following bonds: Omaha A Republican Valley RR-r
$1,010,000; Colorado Central Railroad bonds,$2,051,000; Utah North¬
Railroad, $2,326,000; total, $5,387,000.
The collateral trust
bonds of 1883 an* secured by the following bonds : Colorado Central RR.
$1,36 <.000: Utah A Northern RR $2,178,000'; Omaha A Rep. Valley
RR. $668,000; Omaha A Rcpub. Valley Hailway, $2,108,000; Utah
Southern RR. extension $91,000: total, $6,408,000*.
The outstanding bonds of Kansas Pacific above are given less the
amounts of each class held by the trustees of the general mort.
The con¬
sol. mortg. trustees are Jay Gould and Russell Sage, a nd they held hi
trust on Jan. 1, 1888, the following bonds or the Kansas cPaeiflc, making
$6,799,150 in all, viz.: Leavenworth Branch, $582,000; income (unsubordinated)bonds. $217,750; income (subordinated) bonds, $3,948,400;
Cheyenne Branch Den. Pac. bonds, $2,051,000. They also held $1,997,500 of the stocks and $3,160,000 of the bonds of other companies
ern
controlled by the Union Pacific.
Land Grant.—The proceeds of land sales on the Union Pacific main
line are applicable to the principal ot the land grant bonds, and after
tli-t to tlie sinking fund mortgage 8 per cent bonds. On the Kansas
Pacific the cash income from land is applied to the general mortgage. On
Deo. 31 ’87. the com pail}’had in cash from the Un. Pacific grant the sum
of $5,973,485. and in land contracts (with accrue 1 interest), $7,922,<84: which sums are applicable first to the payment of the land grant
bonds, and then to the paj ment of tlie 8 percent sinking fund bondsdue
in 1893.
On Jan 1, 18*8 the U. Pac. lands unsold were 3,120,355
acr**s..estimated at $2,340,355; the K. P. lands unsold, 3,365,5»6 acres,
estima ed at .$10,171,379.
Tin* sales iu i»85, 1886 and
1887
Union Pacific—
Acres sold (net)
Amount
ville. 8 miles; Denver
Average price on gross sales...
er, 27 miles: Laramie No.
ern, 73 miles; Cheyenne
Kan. Pacific—
Acres sold
Jnne 1, 1916
Not. 1, 192$
Sent. I, lux*
Amount
Av. price (discountsdeducted)..
Total acr. s sola
Amount
were aa
follows:
1885.
1886.
743,704
$1,223,227
146,189
$178,326
$1 65
$1 22
690.294
225.623
$2,817,159
$1,049,122
$t 08
1,+33.999
$4,040,386
b
$4 68
371,819
$1,228,225
1887.
43,297
$43,263
$1 44
511,170
$2,514,643
4 93
554,467
$2,55/,906
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INVESTORS’
118
Subscribers will confer a
Union Pacific— (Continued)—
Kansas Pac., 1st mort., 140th to 393d mile, gold,
do
2d M.(to U.S.Gov.) on 394m,W. Mo.R.
do 1st,394th to 639th m., l.g., 3,000,000 acs
Income
bds, 3d M.on 427 miles, coup.
Utah Central—Stock
1st mortgage, gold
Utah Southern, general mortg. (for $1,950,000)..
Utah South. Exten., 1st M., Juab to Frisco
Utah <& Nor.—Cons.M., $15,000p m.,s.f.,uotdr.,g.c*
1st mortgage, $12,000 per mile
Equipment bonds (l-10th payable yearly)
Utica A Bl.'Riv— 8t’k,7p.c.perpet. guar.byR. W.&O.
Mortgage bonds
c
Black River & Morristown, 1st mortgage
Clavton & Theresa, 1st mortgage, guaranteed
Ogdensburg & Morristown, 1st mortgage
Utica Chen. ASusg. Val.—SVk, 6 p. c. gu. byD.
Utica Clinton A Binghamton—1st mortg
Talley (N. YJ—Stock, 5 p. c. guar, by D. L.
1st mortgage (for $500.000)
c
L. & W.
& \V...
Bonds of 1883
m
m
m
•
1,000
1,000.000
1,950,000
1,000
1,000
1,000
1,950,000
1,359,000
5,543,000
1,000
355.000
....
100
500 Ac.
500 Ac.
500 Ac.
50
2,223,000
1,107,000
500,000
200,000
143,000
4,000.000
790,000
750,000
400,000
1,600,000
1,700,000
750,000
3,193,000
1,000,000
1,000,000
1,000
800,000
1,000
100
500 Ac.
....
....
1881
1879
1881
1881
....
100, Ac.
1,000
1,000
100
....
1,000
1883
....
6,131,000
109,200
4,225,000
50 Ac.
100
’66-’72
m
6,303.000
1,000
....
50
24
Termont Talley of 1871—Stook
1st mortgage
.
$4,063,000
....
1871
1874
1873
1883
59
91
113
59
(guaranteed by Fitchburg RR.).c*
$1,000
....
12
Talley (Ohio)—1st mortgage, Clev. to Canton
Consol, mortgage gold (for $4,000,000)
o*
c
Talley (Ya.)—1st mortgage
Termont A Mass— Stock, 6 p. ct. guar, by Fitchb...
•
Outstanding
1870
1879
1879
1886
1878
1887
180
87
36
16
10
97
31
12
c
c
...
•
Amount
Par
Value.
1866
1865-7
1869
1866
253
394
245
427
280
36
105
138
466
462
.
1880
in these Tables*
Bonds—Princi¬
INTEREST OR DIVIDENDS.
Size, or
Miles Date
of
of
Road. Bonds.
explanation of column headings, Ac., see notes
on first page of tables.
do
IVol, XLvr.
great favor by giving; Immediate notice of any error discovered
DESCRIPTION.
For
SUPPLEMENT,
Rate per When
Where
Cent.
Payable
.
6
g.
6
6 g.
7
1
6 g.
7
7
5 g.
7
5
3b*
7
7
7
5
3
6 A 7
2^
5
7
6
6
3
5
3
5
J.
A D. New
Payable, and by
Whom.
York, 40 Wall St.
pal,When Due..
Stocks—Last’
Dividend.
June 1, 1896.
1895 to ’97
M. A N. N. Y., Lond. A Frankf’t. Sept. 1, 1899
M. A S. N. Y., Bk. of Commerce July 1, 1916
Oot., 1884.
Q.~J. New York, 40 Wall St.
Jan. 1, 1890
do
J. A J.
do
do
J. A J.
do
July 1, 1909
do
*
do
J. A J.
July 1, 1909
J. A J. New York, 40 Wall St.
July 1, 1926
do
do
J. A J.
July 1, 1908
1 -10th yearly
do
do
N. Y., R. W. A O. Co.
M. A S.
March, 1888
Jan. 1, 1891
N. Y. Cent, Trust Co.
J. A J.
Jan. 1, 1894
do
do
J. A J.
do
do
J. A J.
July 1, 1898
Jan. 1, 1891
do
do
J. A J.
M. A N. N. Y., D. L. A W. RR.
May 1, 1888Jan. 1, 1890
J. A J. Utica, Oneida Nat. B’k.
N. Y., D. L. AW.
J. A J.
Jan., 1888
do
do
F. AA.
Aug. 1, 1911
J. A D. N.Y., Drex., Mor. A Co. June 15, 1906
do
do
M. A 8.
Sept 1,1921
Oct, 1, 1921
Balt, and New York.
A. A O.
A. A O. Boat., 47 Devonshire St. April 7, 1888M. A N. Boston, Fitchburg RR. May 1, 1903
Jan. 2, 1888
Bellows Falls.
J. A J.
A. A O. Bost., SafeDep. ATr.Co Oct.
1,~1910
'
The Kansas Pacific lauds, from the 380th mile
first by the Denver Division mortgage, and all the
westward, are covered
lands of the Kan. Pae.
by the consol, mortgage.
Operations, Finances, Ac.—The company*
has sxtended rapidly and
mileage, of which the Utah Northern and
Oregon Short Line are two of the most import uit branches.
From Jan. 1 to Mar. 31, 1888 (3 mos.), gross earnings were $6,158,878,
against $5,984,632 in 1887; net, $2,034,229, against $1,969,730.
The annual report for 1887 was in the Chronicle, V. 46, p. 535, 510,
and the following figures were given for the whole sytem operated:
built and
acquired much
new
OPERATIONS AND FISCAL RESULTS.
1886.'
4,594
1885.
Miles operated Deo. 31
Passengers carried one mile
1887.
4,519
4,764
188,237,416 248,523,010 262,913,074
Average rate per pass, per mile.. 3-05 cts.
2 45 cts.
•Tons freight carried one mile.. .994.780,223 1114102852 1350525946
Average rate per ton per mile
1*62 cts.
1*46 cts.
Earnings front—
$
$
$
Passengers
5.809.01S
6.096,237
6,595,779
Freight
18,193,255 18,588.744 19.956,467
Mail, express and miscellaneous... 1,922,S99
1,918.815
2,005,519
26.603,796
Net earnings
Not
17,667,732
8,995,177
10,890,034
9,767,451
Per cent of expenses to
*
28,557,766
17,608,619
Total earnings
25,925,172
Operating expenses and taxes—-.16,157,721
earnings...
61*87
63*19
62*32
including company’s freight.
INCOME ACCOUNT.
1887.
1886.
$
1855.
Receipts—
Net earnings
$
9,687,441
8,995,179
$
10,890,034
Income from Investments
Miscellaneous laud sales
1,382,811
10,335
890,020
13.015
1,030,552
15,904
207,110
670,341
1,113.600
17,850
Investments, premiums, Ac
From trustees K. P.
Profit and loss
con. mort
101,927
Total income
11,287,697
11,784,082
11,954,340
5,336,267
356,138
5,197,731
5,134,566
67,224
160,153
113,490
587,670
Expenditures—
interest on bonds
Discount and interest
Losses on invest., prem.,
Ac
Sinking fund, company’s bonds
Interest—auxiliary lines
Land taxes. Ac., Union Div
Loss
Leav. Top. A
Profit and loss
on
93,945
593,605
1,191,010
591,965
1,331,372
62,640
11,722
53,653
39,920
21,579
8. RR
.
1,298,399
198,050
7,632,461
7,229,681
7,578,954
Surplus income of the year
3,655,233
4,375,386
Deduct U. 8. requirements
1,184,053
4.554.401
808,033
Total expenditure
Total surplus income
1,205,656
2,471,180
3,746,368
The condensed balance sheet for three years is as follows:
GENERAL BALANCE AT CLOSE OF EACH
3,169,730
YEAR.
1.885.
A.ssels
1886.
1S87.
8
$
161.2S3.6SS
162,522,403
35,529.187
42,241,161
755,750
5,697,670
2,889,218
1,351,190
4,570,428
1,632,105
638,639
759,043
68,818
3,217.250
18,599,519
3.217,250
19,742,124
226,279,509
230,030,959
235,961,586
60,868,500
81,957,682
33,539,512
60,868.500
81,969,127
33.539,512
60,86S,500
80.180.655
33,539,512
15,167,214
;i,861,445
15,670,753
16,363,744
774.104
758,493
13,827,456
3,568,599
19,828,519
Road, equipment, Ac
159,298,919
Stocks and bonds owned, cost.. 39,233,527
Miscellaneous investments
680,891
Advances
3,415,280
Materials, fuel, Ac
1,6S3,132
Cash and ca<li resources
Denver Extension sink’g fund.
522,480
Trust 5 per cent, Ac..sink. fund
70,440
Bonds and stocks held in trust.
3.215,250
Land department assets.
18,159,290
Total
Labilities—
Stock
Funded debt
United States subsidy bonds...
Acerued int. on subsidy bonds.
Floating debt
Interest accrued not due
General income (profit and loss)
Income used for sinking fund..
Land ami trust income
Total liabilities
tl0,493,284
2,976,634
18,641,134
226,279,509
751.098
401,689
124.285
Utah Central—(-See Map Jin: Pacific)—From Ogden, Utah, toFrisoo,
280 miles. A consolidation July 1, 1881, of the Utah Central, Utah
Southern and Utah Southern Extension. Union Pacific owns $1,886,900“
stock and $982,000 Utah Southern bond-*.
For 1887 gross, $797,343;
net, $333,625; fixed charges, $338,184; deficit, $4,558. In 1886, gross,
$771,800; net, $312,965; charges, $355,996 ; deficit, $43,031. (V. 45,
p. 203.)
Utali Sc Northern—(See Map Union Pacific)—From Ogden, Utah,,
to Garrison, and the line of Northern Pacific, with branohes to Butte
City and Anaconda Mines ; total, 466 miles (153 miles narrow gauge),,
but 58 miles, Silver Bow to Butte and Garrison, are leased to Montana
Union. This road forms a connection between the Northern Pacific at
Garrison, Montana, and the Union Pacitto at Ogden. Stock $5,543,000,
and 6 per cent dividend paid in 1884, and 1 per cent Jan , 1885. The
road was built by Union Pacific, which owns $4,816,400 stock and $4,968,000 7 per cent bonds, and all the consolidated bonds. For the year
1887, gross earnings, $1,868,990; net, $260,211; deficit under charges,
$111,711. In 1886, gross, $1,805,592; net, $350,561; deficit uuderinterest, $14,565.—(V. 43. p. 125.)
Utica Sc Black River.—Utica, N. Y., to Ogdensburg, N. Y., 134
miles; Carthage to Sackett’s Harbor (leased), 30 miles; Clayton to
Theresa, 16 miles; total, 180 miles. A consolidation with leased lines
was made in Mar., 1886, embracing this mileage. Iu April, 1886, the road
was leased in perpetuity to the Rome Watertown A Ogdensburg RR.
Co. at a rental guaranteed to pay fixed charges and 7 per cent yearly
on the stock, and in Jan., 1888, stockholders were notified that they
had the option of exchanging their stock on the basis of 100 shares
($10,000) for $6,500 in R. W. A O. 5 per cent consol, bonds and $7,500
in R. W. A O. stock.
(V. 41, p. 276; V. 46, p. 76.)
Chenango Sc Susquehanna Valley.—Owns from Utioa,
Greene, N. Y., 75 miles; branch to Richfield Springs, 22 miles;
total, 97 miles. Road opened October, 1872. Leased to Del. Lack. &
Western at 6 per cent on stock. Has no bonded debt.
Utica
N. Y., to
Utica Clinton Sc Binghamton.—Owns from Utica, N.Y., to
Randallville, N. Y., 31 miles, and leases Rome A Clinton Railroad, 13
miles.
Total, 44 miles. Opened June 22, 1872, and leased to New
York A Oswego Midland Railroad.
The lease was transferred to
the Delaware A Hudson Canal Co., which pays rental of $70,500 per
annum for U. Cl. A^B. and $25,500 for Rome <& Clinton.
The road is
operated by the N. Y. Ontario A Western. Gross earnings in 1886-87,
$207,530; net, $74,800; surplus over rentals, $4,840. Gross in 188586, $229,400; net, $105,660. Capital stock. $849,285, of which city of
Utica holds $200,000, with interest guaranteed 5 per cent,
James 1.
Scollard, Pres., Clinton, N. Y.
Valley (N. Y.) Kailroad.—Owns from Binghamton, N. Y., to State
line of Pennsylvania. 12 miles.
Opened October, 1871.
Leased to
Delaware Lackawanna A Western at 8 per cent per aunutn on stook,
($750,000; par, $100), which was reduced in 1882 to 5 percent,the
lessee assuming the interest on bonds.
Samuel Sloan, Prest.. N.Y. City.
Valley (Ohio).—Owns from Cleveland, O., to Valley Junction, O.*
16 miles of small branches. Of the consol, mortgage
$1,600,000 is held in trust to retire the first mortgage When due. The
consol, mortgage is a first lien on the Cleveland terminal property
Capital, $1,257,397, par $50.
Earnings in 1886, $628,450;
net, $303,857.
In 1887, gross, $651,395; net, $275,314; surplus
over payments, $35,793.
(V. 43, p. 572 ; V. 44, p. 527.)
Valley (Va.)—Owns from Harrisonburg to Lexington, Va.. 62 miles.
By this and connecting liues under B. A O. control, the distance from
Lexington is 243 miles to Baltimore and 217 miles to Washington. The
Baltimore A Ohio has a large interest iu its securities.
Stick out¬
standing. $2,731,839; par $100.
In year ending Sept. 30, 1887, gross
earnings were $122,272; net, $43,369; 1885-86, gross receipts, $125,667; net, $37,303. (V. 43, p. 608; V. 45, p. 673.)
Vermont Sc Massachusetts.—Line of road, Fitchburg to Green¬
field, Mass., 56 miles; branch, 3 miles. The road is leased to the Fitch¬
burg RR. for 999 years at 6 per cent on stock. (V. 43, p. 636.)
Vermont Valley of 1871.—Owns from Bellows Falls to Brat»
tleboro, Yt., 24 miles, and by purchase of stock the Sullivan County
RR. from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles. Con¬
75 miles, and
trolled in the interest of the Connecticut River RR. The Sullivan
Countv RR. stock is deposited as collateral security for the above
uiort. bonds.
Earns., Ac., for whole line in years ending Sept. 30, were t
’
727,469
16,826,177
4,156 269
23,299,260
230.030,959 235,961,586
compared with
t Alter deducting deficit of V. S. requirements, as
accrued interest on U. 8. bonds Feb. 1, 1880, to date,
t Not including 916,704 due to U. 8. under Thurman
16, 1885
$
-(V. 43, p. 50, 164, 192, 245, 275/309, 353, 366, 548, 608, 672, 738;
V. 44, p. 22, 23, 60, 1L8, 149, 212, 344, 413, 432, 435, 4 36, 586, 621,
782; V. 45, p. 53, 142, 203,539; V. 46, p. 38, 321,525, 535,539, 540.>
Act, paid April
Tears.
1884-85
1865-86
L886-87
Miles.
50
50
Passenger
Mileage.
4,246,085
4,559,950
4,633,481
Freight (ton)
Mileage.
20,199,299
26,093,466
25,333,474
Net Divid'd,
Gross
Earnings. Earnings. Perot.
$373,598 $110,747
402,427
125.540
126,370
406,349
Vicksburg Sc Meridian.— Line of Road.—Vicksburg to Meridian,
Miss., and branch, 143 miles. In Oct., 1885, the gauge was changed to the
standard 4 feet 8^ inches, and the transfer across the Mississippi at
Vicksburg was completed. It is mainly owned and controlled by theAla. N. O. Tex. A Pac. June. Co. The company was unable to earn full
Interest, and reorganization was made iu 1881. Preferred stock, $1,940;*
50
May,
Subscribers will confer a great
favor by giving immediate notice of any error discovered in tliese Tables.
!
DESCRIPTION.
For
explanation of column headings, Ac., see notes
on first page of tables.
Vicksburg & Meridian—1st mortgage
2d mortgage, 1st on lauds
3d mortgage income (not cumulative)
Vicksb. Shrevep. <£ Pac.—Prior lien mort., gold . ..e*
1st mortgage, gold
e*
3d M., and 1st M. on land, g., for $2,500,000...o*
Virginia Midland—Stock
Miles
Date
of
of
Road. Bonds
140
140
140
189
189
189
3t 2
Bonds, 1st series
do
do
do
do
do
Income
2d series
3d series
4tli series, 3 per
m
cent for 10 years
5th8eries
6th series, 4 per cent for
8 years
mortgage bonds strictly cumulative
Gen’lmort., iht. guar, by R. A D., $12,500,000.cJ
Virginia dt Truckee— 1st MJpay’ble $100,000 a year)
Wabash St. Louis <2 Pacific—Stock, common
Preferred stock, 7 percent (not cumulative)
1st mort., gold (Chic. Div.)l
gold, Detroit Division
Wabash, 1st mort. (Toledo A Illinois)
do
1st mort. (Lake Erie Wab. A St. L.)
do
1st mort. (Great Western of 1859)
do
1st mort. (Quincy A Toledo)
do
1st mort. (Ill. A So. Iowa) extended
do
2d mortgage (Toledo A Wabash)
2d mortgage (Wabash A Western)
do
do
2d mortgage (Great West, of 1859)
Tol. W. A W. Con. M., (on all but Dec. A E. St.L.)..
1st mort.,
119
RAILKOAD STOCKS AND BONDS.
1888.]
m
m
m
•
•mm
•
•
•
•
•
•
m
•
....
347
52
956
262
112
75
167
180
33
29
75
167
180
490
1881
1881
1881
1885
1881
1886
or i
1874
1880
1881
1853
1853
1863
1365
1862
1853
1858
1865
1867
Amount
Par
Value.
$1,000
$1,000,000
1,000
1,100,000
1,917,000
500 Ac.
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 Ac.
250 Ac.
100 Ac.
1,000
1,000
6
6 g.
7
6 g.
l,323j)00
Where
When
Rate per
Cent.
Outstanding
100
1881
1881
1881
1881
1881
1881
1882
1886
Bonds— Princi¬
INTEREST OR DIVIDENDS.
Size,
pal,^When Due.
Payable, and by Stocks—Last
Dividend.
payable
Whom.
A. A O. Last cp.
M. A N. Last cp.
paid Nov., 1884
i
paid Apr., 1885 April 1, 1921
May 1, 1921
June 1
M. A N. N. Y., Central Trust Co.
J. A J. N. Y., Farmers’ L. AT. Co.
3-4-5 g. J. A J. N. Y„ Central Trust Co
4,000,000
2,100,000
4,940,363
600,000
1,900,000
1,100,000
943,800
1,775,000
1,309,000
251,000
4,095,000
200,000
(?)
(?)
4,500,000
2,052,000
900,000
6
6
6
3-4-5
5
4 A 5
6
5
10
5 g.
6 g.
7
7
7
7
6
7
7
7
7
2,500,000
2,496,000
500,000
300,000
1,000,000
1,500,000
2,500,000
2,610,000
S. N.Y.,Rich A D., 2 Wall.
do
8.
do
8.
do
S.
do
8.
do
S.
Last paid Julv, 1884
J.
N. N.Y., Central Trust Co.
Q.-F. San Fran., Bank of Cal.
A
A
A
A
A
A
J. A
M. A
M.
M.
M.
M.
M.
M.
j!
J. A J.j 1
J. A J. 1
F. A A.
;F. A A.
Interest oncertifiF. A A.j 1 cates for bonds asM. A N.j ) seating to the plan (
F. A A.j
was paid to May 1.
M. A N.
1838.
M. A
M. A N.
1
N.|
Q.-F. |
i
1921
Nov. 1, 1915
Jan. 1, 1920
Jan. 1, 1916
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Jan.
Mav
Aug.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1906
1911
1916
1921
1926
1931
1927
1936
1839
July 1, 1910
July 1, 1921
Aug. 1, 1890
Aug. 1, 1890
Aug., 1888
Nov.
1, 1890
Aug.
May
May
May
1,
1.
1,
1,
Feb.
1, 1907
1912
1893
1893
1893
1
burg; the sixth series is a first lien between Lynchburg and Danville,
Including Pittsville Branch and lease of Franklin A Pittsylvania RR.,
and a sixth lien on lease of Charlottesville A Rapidan Railroad.
The income mortgage bonds were issued to retire 1st and 2d preferred
stock; the interest is' strictly cumulative, and secured by the mortgage,
and iu July, 1885, the coupon due July, 1884, was paid. These bonds
are exchangeable Into the general mortgage bonds hearing 5 p. o. inter¬
est, and guaranteed under the lease by the Rich. A Danville RR. Co.
Of the general mortgage bonds of 1886, $7,635,000 are held to retire
1888.
1887.
1836.
1885.
the serial bonds, also enough for the incomes. There was due the R. &
143
143
140
140
Miles road operated
D. Co. Hepr. 30, 1887, $304,632.
Earnings—
From Oct. 1, 1887, to April 30, 1888 (7 months), gross earnings were
$169,162 $164,818 $155,903 $16 *,072
Passenger
351,736 $996,514, against $899,855 in 1886-7; net, $416,436, against $333,798.
307,609
345,268
296,973
Freight
Earnings for the years ending September 30 were :
13,106
13,105
11,927
13,089
Mail
11,100
10,303
6,445
7,467
Miles.
Gross receipts.
Express
Operat’g exp’ses. Net receipts.
8,747 1881-82
10,320
11,095
7,191
Miscellaneous
$546,804
$1,491,921
$945,116
354
1882-83
956,19 4
708,009
1,664,204
$547,761 1883-84
Total
626.612
354
$495,603 $503,304 $531,772
1,625.830
999,217
423,413 1884-85
484,362
426,498
443,939
354
990.432
563,943
1,554,375
Operating expenses
1885-86
354
1,551,703
1,032,431
519,272
$47,409 $124,348 1886-87
Net earnings
$76,806
$51,663
367
533,929
1,051,739
1,635,667
Chargeable against revenue
New York Office, 2 WalFStv (V. 43, p. 488 ; V. 44, p. 204, 681; V. 45,
$16,741
$18,285
$18,134
For taxes
$17,550
126,000 p. 85; V. 46, p. 418.)
114,083
125,083
For interest on oouds
104,000
41.7L1
Virginia Sc Truckee.-Reno, Nev.. to Virginia, Nev., 52 miles.
15,894
14,232
Forint, on floating debt
7,633
4,632 The bunds are payable $100,000 per year. Stock, $5,000,000; par$100.
4,298
4,416
For expenses of land dep’c...
4,477
Gross earnings in 1886 were $702,894; net, $353,544; dividends,
In 1887, gross,
Tot. paym ts charg’bleto rev.$133,660 $151,135 $161,899 $190,478 $270,000; interest and bond payments, $303,170.
$720,428; net, $358,999; iuterest paid, $22,575; dividends. $273,750;
Net deficit
$66,130 bonds
$74,329 $114,489
$81,997
redeemed, $100,000 ; deficit, $37,326. D. O. Mills, President.
-(V. 43, p. 636; V. 44, p. 586, 680, 714; V. 45, p. 54,113; V. 46, p.228,
Wabasli St. Lonis Sc Pacific.—The roads East of the Mississippi
■649.)
River (operated by Receiver John MoNulta, except the Detroit Division)
Vicksburg Slireveport Sc Pacific.—See Map Cincinnati Xew embrace the following pieces covered by the sevetal mortgages; Toledo
Orleans <£ Texas Pacific. From Delta, La., on Mississippi River, to A Illinois first mortgages—Toledo to Indiana State line, 75 miles; Toledo A
Shreveport, 169 miles, and extension to Texas State Line. 20 miles Wabash, second mortgages -Toledo to Indiana Srate line, 75 miles; Lake
(the latter leased to Tex. A Pac.); total, 189 miles. The old Vicksburg Erie Wabash A St Louis, first, mortgages—Ohio 8tate line to Illinois State
Shreveport A Pacific road was sold in foreclosure Dec. 1,1879, and line, 166 miles; Wabash A Western, second mortgage, Ohio State liue
reorganized under present title. The stock was $3,000,000, but was to Illinois State line, 166 miles; Great Western of 1859, first and second
reduced to $1,650,000, of which the Alabama New
Orleans A mortgage —Indiana State line to Meredosia and Naples. III., 180 miles;
Texas Pacific Junction Railroad Company
holds a majority, and Illinois A Southern Iowa, 1st mortg*ge—Clayton to Carthage, III., 29
controls this company, also holding $3,692,000 of the 1st mortg. bonds miles; Quincy A Toledo, 1st mot t gage—Clay to n to Meredosia, Ill, 33
and $1,931,000 incomes.
In 1885 it was voted to issue the above prior miles; Decatur A East Sr. Louis, first mortgage—Decatur to E. St. Louis,
lieu bonds lor improving the road bed, completing the transfer across 108 miles; Hannibal A Naples, 1st mortgage-Hannibal- Mo., to Naples,
the Miss. River, occ.
In 1886 the old income Donds of $3,500,000 and Ill., 50 miles; Wab. St. L. A Pacific (Chicago Division), 1st mortgage—
the stock were exchanged for 3d mortgage and land bonds (see V. 43, Streator, Ill., to Effingham and Altainont and Strawn to Chicago, 263
p. 104).
Tne annual report was in V. 45, p. 537. Trustees of prior miles; Wab. St.L. A Pac. (Detroit Div., operated by Wab. AW.) 1st mort.—
lien mort. and of 3d mort., Central Trust Co,; of first mort., Farmers’ Detroit to Butler, Ind., 114 miles. The total mileage opt rated is 956.
Loan A Trust Co. In year ending June 3»), 1887, gross receipts were
Organization, Leases, Ac.—The Wabash St. Louis A Pacific was
$564,317; net, $144,899; in 1885-86 gross $484,811; net, $90,454. (V. formed Nov. 7,1879, by a consolidation of the Wabash and the St. Louis
43, p.104; V. 45, p. 53 7.)
Kansas City A Northern roads and their branches. The Wabash Com¬
Virginia Midland.—(Sec Map of Richmond t£ IT. F. Term.)—Line pany had been organized Jan. 1, 1877, as successor of the Toledo Wab.
A West., which company was formed June 25, 1856, by a consolidation
of Road.
From Alexandria to Gordonsville, 88 miles; Warreuton
Branch, 9 miles; Charlottesville to Lynchburg, 60 miles; Lynchburg of several companies, and defaulted bn its iuterest in 1875 and was fore¬
to Danville, 66 miles; Pittsville Branch, 9 miles; Manassas Junction closed June 10, 1876. The St. Louis Kansas City A Northern was
to Harrisonburg, 114 miles (of which 49 miles leased to Baltimore A formed in 1871 as successor of the North Missouri Railroad, which was
Ohio; small branches,18 miles; total owned, 347 miles. Leased, Orange sold in foreclosure August 26, 1871.
In April, 1883, the Wabash St. Louis A Pacific was leased for 99 years
C. H. to Charlottesville, 28 miles; Pittsville to Rocky Mt., 30 miles;
Sotal leased, 58 miles. Total owned and leased, 413 miles, of which 51 to the St. Louis A Iron Mountain (and thus to the. Missouri Pacific), on
miles, Strasburg Junction to Harrisonburg, is leased to the Balt. A Ohio, the general basis of paying over to the Wabash its net earnings each
year.
leaving 362 miles operated.
In May, 1884, Messrs. Solon Humphreys and Tlios. E. Tutt wero
The Washington City Virginia Midland A Great Southern was a con¬
solidation (November, 1872) of the Orange Alexandria A Manassas and appointed receivers on the company’s own application in view of the
Lynchburg A Danville railroads. The Orange Alexandria A Manassas prospective default June 1 on the general mortgage bonds. Receivers,
certificates were issued fur about $1,400,000 and notes for $2,183,000.
was a consolidation (June 1, 1867) of the Orange A Alexandria and the
Manassas Gap. The Washington City Virginia Midland A Great South¬ to take up notes endorsed by Messrs. Gould, Humphreys audothers-but
these were finally taken up by leaving to the said endorsers the $2 70 V
ern was put into the hands of a receiver July 1, 1876, interest being in
default, and was sold in foreclosure May 13, 1880, and after litigation 000 of collateral trust bonds held by them as security.
The plan of reorganization under which the properties were sold in
eold again Deo. 20, 1880. Reorganized as Virginia Midland, ana bonds
1886 was published, as modified, in V. 41, p. 300, providing for the
tud stock issued as above.
In April, 1886, a lease of this road was made to the Richmond A Dan¬ issue of $30,000,000 new debenture bonds, to be disposed of as there
ville on the basis of a payment of the fixed charges and the payment stated; also the following points were embraced in the plan:
The whole property to be foreclosed under the general and collateral
by the lessee of any balance of net earnings to the Va. Midland Co. The
lessee may if it chooses advance the money for interest on the six trust mortgages, and upon receipt of the new debenture bonds, the hold¬
•erles of prior bonds if earnings are insufficient, but guarantees posi¬ ers of general mongage and collateral trust bond certificates to pay
two per oent In cash on the face of the new bonds, for which they would
tively the general mortgage interest.
Of the above bonds, tile first series is a first lien between Alexandria receive debenture bonds or scrip.
After the formation of the new company, the Purchasing Committee
and Gordonsville, including lease of Charlottesville A Rapidan Railroad
and the Warrenion Branch; the second series is a second lien between to offer the new stock to the stockholders of the Wabash St. Louis A
Alexandria and Gordonsville, including Warrentou Branch and lease of Pacific Railway Company, at the rate of eight dollars per share on pre¬
Charlottesville and Rapidan RR.,and a first lien between Charlottesville ferred, and six dollars per share on common stock, who, for the amount
and Lynchburg; the third series is a third lien between Alexandria and so paid, to be entitled to debenture bonds, or scrip, dollar for dollar,
Gordonsville, includiug Warrentou Branch and lease of Charlottesville in addition to the shares in the new company.
The bondholders agree to take any stock and debenture bonds not
A Rapidan
RR., and a second lien between Charlottesville and Lynch¬
burg; the fourth series is a fourth lien between Alexandria and Gordons- accepted by stockholders, upon the same terms, pro rata, the amount,
ville, including Warrentou Branch and lease of Charlottesville A Rapidan however, not to exceed five per cent on the face of their bonds.
The decree of foreclosure was made in January, 1836, and the road
KB., and a third lien between Charlottesville and Lynchburg; the filth
■series is a first lien between Manassas Junction and Harrisonburg, in¬ sold April 26, 1886, to the purchasing committee, who were the only
cluding Front Royal Branch and lease of road from Strasburg to Harris b dders, the price for all the properties sold being $625,000. (See
eouburg to the B. A O. HR.', and a fifth lieu between Alexandria and V. 42, p. 537.) But there was some delay in the continuation of
■Gordonsville, including Warreuton Branch and lease of Charlottesville sale, the floating liabilities including receivers’ debt, Ac., being
<x Rapidan
RR., and a fourth lien between Charlottesville and Lynch¬ about $4,000,000, and there .vet remained a large amount of over
612; common stock, $3,962,100. A receiver was appointed in 1885 and
outline of the proposed plan of reorganization was given in the
Chronicle, V. 44, p. 714, and modifications in V. 45. p. 113. Fore¬
closure proceedings under 2d mort. are in progress, and road is to be
sold Sept., 1888. Second mortgage is a first lien on 133.069 acres of
land. Annual report for year ending March 31, 1888, in Chronicle,
V. 46, p. 649.
RECEIPTS AND EXPENDITURES FOR YEARS ENDING MARCH 31.
ail
....
.
....
‘
....
....
....
....
—
.
•■•
•
INVESTORS’
12®
Subscribers will confer
For explanation of column headings, &c.,
first page
[Pol. XLVf.
great favor by giving immediate notice of any error discovered in these Tables.
a
DESCRIPTION.
on
SUPPLEMENT.
of tables.
Bonds—Princi¬
pal,When Due.
Rate per When Where Payable, and by Stocks—Last
Outstanding
Cent.
Whom.
Dividend.
Payable
INTEREST OR DIVIDENDS.
Date Size, or
Miles
of
of
Par
see notes
Road. Bonds Value.
Amount
Wabash St. Louis <6 Pacific—(Continued)—
2.Bonds
109
do
Fund, debt bds. & sc, certs, (seeremarks.)
do
Mort., gold, sink. fd. $25,000 after ’82..
Hannibal A Naples, 1st mortgage
50
Wabash Western - Stock
1,004
354
8t. L. K. C. A No., 1st mort. (North Missouri)
do
real estate derail way 2d mort....
354
do 1st & 2d M.on St. Char.Bridge,coup.or rg
42
St. Louis Council Bluffs & Omaha—Stock
42
1st mort. on St. Louis Ottumwa & C. R
115
Des Moines & Northwestern—1st mort
49
Ware River—Stock, 7% rental guar.999 yrs.B. AAlb.
18
Warren (N.J.)—Stock, 7 % perp. guar. D. L. & W...
18
2d mortgage, now 1st
18
1st consol, mortgage
12
Washington City <k Pi. Loolcout— 1st M. bonds gold.
209
West Jersey—Stock
let mortgage loan, cum. sink. fd. $12,500
38
c*
63
1st
do
consolidated
.c*
Consolidated mortgage
128
.r
Ocean City RR. bonds
c*
. „
1869
1877
1879
1879
Wabash, 1st mort., (Decatur A E. St. Louis)
m
mmm
....
1,000
1,000
1,000
6,000j000
1874
1,000
1878
1,000
3,000,000
1,388,500
626,000
322,500
135,000
750,000
1,800,000
750,000
600,000
540,000
1,784,850
1,000,000
1,000,000
748,500
100,000
200,000
....
....
1887
....
1,000
....
....
1855
1870
1875
1873
100
50
100
....
....
50
...
1866
1869
1879
500 Ao
'1.000
....
.
500Ac.
500 &o.
100 Ac
11
40
34
7
*c
c&r
1882
100 Ac.
789,700
393,000
80,000
l,000Ac
50,000,000
....
....
1880
1,000
....
478
1885
possession of the lines yet remaining in the Wabash system west of
the Mississippi River and organized the Wabash A Western. Suits to
foreclose the 111. A So. Iowa mort. and the Great Western of 1859, also
the consol, mort. of 1867, were begun in Jan., 1887.
PROPOSED SCHEME OF CONSOLIDATION, NOV.
1837.^^^^.
21,1887, a plan of settlement and consolidation was pub¬
lished by the purchasing committee and the bondholders’ committee
which embraced the following salient points.
1. Cash for all overdue coupons of the first mortgage and funded debt
bonds or scrip, except the Detroit Division, with interest on same to
Novem her 1, 1887, upon deposit of bonds under this agreement.
of the new first mortgage for overdue coupons of the second
On Nov.
mortgages and funded debt
bonds or scrip, and the Detroit Div,,with
and for overdue
coupons on con¬
solidated mortgage, funded debt and scrip of same, and the Wabash
mortgage sevens of 1879.
3. Foreclosure of the mortgages was deemed necessary for the
organization of a new company or companies, and the consolidation of
the company or companies so organized with the Wabash Western Rail¬
way
Company.
'
<
creation of a new first mortgage by the Consolidated Company,
payable in fifty years from November 1,1887, bearing 5 per ceut interest
m semi-annual coupons, principal and interest payable in gold.
Into
this all the old first mortgage bonds, funded debt and scrip pertaining
thereto, to be convertible to the amount of principal thereof.
5. A new second mortgage upon the lines east of the Mississippi
River, payable fifty years from February 1,1888, bearing 5 per cent
interest in semi-annual coupons, principal and interest payable in gold.
Into this the principal of the bonds of all of tue old second mortgages,
the consplidateds of 1867 and the sevens of 1879 to be convertible.
4. The
The
were
charges on all lines as they would stand after this reorganization
given briefly on p. 744 of V. 45, and the earnings below for the
whole sjr8tem in 1887.
8tocks and Bonds.—The old pref. stock
&
&
&
&
A.
A.
1
0.
D.
f senting to the plan)
*
3**
7
7
6
3
6
7
6
6
7
G
2ifl
j wasp’dtoMay 1,’88 [
J. & J. N.
M. & S.
A. & O.
A.
J.
J.
A.
A.
M.
J.
M.
J.
A.
M.
F.
J.
M.
M.
M.
J.
&
&
&
&
&
A
&
&
&
&
&
A
A
&
&
&
&
O.
J.
J.
O.
0.
S.
D.
S.
J.
O.
N.
A.
D.
4
Aug., 1889
Feb.
1, 190?
April 1, 1909
June 1, 1909
Y., Bk. of Commerce. July 1, 1895
do
do
Sept. 1, 1895.
do
do
do
.
do
do
do
1903-1908
Oct., 1937
Boston, Bost.& Alb. RR
N.Y., Del., L. & W. RR.
do
do
do
do
July 1, 1899
Jftn.j lo88
Apr., 1888
April 1, 1900
Mairchl, 1905
1903
Baltimore,Balt. A O.RR.
Phila., Office,233 So.4th Mar. 15 1888*
do
do
Jan., 1896
do
do
Oct., 1899
do
do
Nov., 1909
N.
S.
S.
J.
^
do
do
do
do
do
do
Aug., 1925
1898
May 1. 1912;
Mar. 15,1888
Phila., Fidelity I. T. Co.
Phila., Penn. RR. Office.
New York,
J. A J.
6
6
Cooley did not take.
Interest on certi- f
1 fleates for bonds as-)
Sept. 1, 1910
Jiffy 1, 1910
Jan. 1, 2361.
The total mileage operated Jan. 1,1888,
was re
«
ported hy the Wabash Western as 1.004 miles, made up as follows:
Western Div.—St. Louis to Kansas City, 277 miles; Vine St. to Fergu¬
son, 12 m.; Centralia to Columbia, 22 m.; Glasgow to Salisbury, 15 m.;
Moberly to Des Moines, 212 m ; Brunswick to Pattonsburg, 80 m.; Albia
Harvey, 23 m.; total, 641 miles. Eastern Div.—Detroit to Clymers,
Laketon June, to Chicago (C. & A. B.R.), 123 m.; Attica to
Covington, 15 in.; Sidney to Champaign, 12 in.; tota', 363 m.
Total
to
213 m.;
mileage operated, 1,004 miles.
The St. L. Ottumwa & C. li. RR. was taken in by consolidation in Nov.,
1887, and bonds were issued on the road bearing 7 per cent, interest
till Oct., 1889, then 6 till 1892 and 5 per cent thereafter. The Des M»
& N. W. bonds are not guaranteed, the road being merely leased and
operated by W. W. Annual report for 1887 was in V. 46, p. 319.
The annual report for 1837 was in V. 46, p. 319, and gave the follow¬
ing :
1887.^
Oross earnings
$6,518,061
Gperating expenses
4,680,12 4
Net
earnings
$1,8 37,937
52,979
Miscellaneous receipts
Net revenue
$1,890,917
1,310,743
Taxes, rentals, interest, &c
$580,173
only the nine months of its corpor ate
existence, and a balance of $450,816 is the actual net prottit of the
lines operated during the period named, over and above all expenses
and fixed charges. The operating expenses include all expenditures
for new rolling stock and improvements,
no construction account;
having been opened on the' hooks of the new company.
-(V. 44, p. 344, 370,466,713; V. 45, p. 744, 887; V. 46, p. 319, 351,352.
Ware River.—Palmer, Mass., to Winohendon, Mass., 49 miles. It
is leased for 999 years to the Boston & Albany Railroad at a rental of 7
per cent per annum. J. A. Rumrill, President, Springfield, Mass.
Surplus for 1887
The interest account embraoes
Warren, N. JT.—Line of road, New Hampton Junction to Delaware
Bridge, N. J., 18*4 miles.
The road is leased in perpetnity to Delaware
cent on stock and bonds. John I.
Lackawanna & Western at 7 per
Blair, President, Blairstown, N. J.
had
a
prior right to 7 per
cent (non-eumulative); then common to 7.
Prices of stock since 1879 have been: Common in
1880, 26hj@48
;
1882, 235s®3978; in 1883, 15®36i4; in 1884,
4-3)19^; in 1885, 2,»151s; in 1886 (pur. com. receipts), 12 324% in
1887,131sa»2238; in 1888, to May 18, inclusive, 12ft'16. Preferred in
1880, 51*4^88% in 1881. 64*4@96i4; in 1882, 45Va>71% in 1883,
2918/3>5712; in 1884, 9® 32; in 1885, 61s@25; in 1886 (pur. com.
receipts) 233ga/4178; in 1887, 23%S>38X4; in 1888, to May 18, inclusive,
in 1881, 33*4^60; in
213 30.
Operations, Finances, Ac.—1The Wabash St. Louis A Pacific extended
its lines very widely in the years 1879 to 1882 (under the presidency of
Mr. Solon Humphreys), by the acquisition ot branch and connecting
roads, and thereby assumed heavy liabilities.
Although the earnings
the annual liabilities were still far in excess
of the net profits. The road was operated in close connection with the
Gould Southwestern system running into St. Louis, and the formal lease
increased
7
7
6 & 7 g.
6
7to6to5
7
90i000
1,000
due interest on the prior mortgage liens. The Committee of Reorganiza¬
tion in June, 1886, proposed to the holders of all mortgages on the road
east of the Miss. River that their future interest should be reduced to 5
per cent and overdue interest funded to 1886, (see proposal in V. 42,
p. 695). Some bondholders made opposition to this, and after litigation
the receivers Tutt and Humphreys were removed by an order of judge
Gresham, and Judge Thos. M. Cooley was appointed receiver of most of
the lines east of the Miss. River, and lie was succeeded by Mr. McNulta.
The order made by Judges Brewer and Treat for the surrender of these
lines was in Vol. 44, p. 10. The purchasing committee afterward took
interest thereon to November 1, 1887,
500,000
F.
F.
A.
J.
30,000,000
I
|
Swedesboro RR. bends
Woodstown A Swedesboro, 1st mort
West Jersey <£ Atlantic— Stock
1st mortgage, drawn at 100
Pleasantville & Ocean City, 1st mort
West Shore—1st M., guar, by N.Y.C.A Hud.,
7
6 & 7
7 g.
7
$2,700,000
3,009,850
2,000,000
500 Ac.
1865
....
.
$1,000
largely,
to the St. Louis & Iron Mountain Company placed the Wabash in com-
?lete control of the Missouri Paciflo prior to the appointment of receivers
the Wabash.
or
Washington City & Point Iiookout.—Hyattsville, Md., to
hepherd. Mu., 13 miles. This road was opened in 1873.
It is leased
to the Baltimore & Ohio for $36,000 gold per annum. The stock paid
in'is $1,000,000.
lu 1381 it was proposed to extend the road and a,
new issue of $2,000,000 bonds was authorized, duo 1900.
S. T. Suit,
President.
West
Jersey.—Main line and branches—Camden to Cape May,
Bridgeton, Riddleton, Sea Isle, Ocean City, Ac., 169 miles; West Jersey
A Atlantic Railroad., 40 miles; total, 209 miles operated.
Sinking fund of $12,500 yearly for bonds of 1896 is invested iu com¬
pany’s bonds and $556,250 were so held Feb. 1, 18s8, including the
$100,000 Ocean City RR. bonds above and $100,000 of Salem RR.
In August 1887, 20 per cent new stock was issued to stockholders, at'
par, to provide acquisitions and improvements, and a further issue was
made later to consolidate several of the branch roads into the W. J. Co.
From Jan. 1 to Mar. 31,1888 (3 mos ), gross earnings were $272,642,
against $255,085 iu 18*»7 ; net, $61,999, against $61,531.
The annual report for 1887 was published in the Chronicle, V. 46*
p. 509. Income account has been as follows;
On the Wabash, from Jan. 1 to March 31,1888 (3 inos.), grossearnings
of lines east ot the Mississippi were $1,385,277, against $1,517,149 in
1887; net. $253,504, against $539,415.
In the Wabash A Western report for 1887, the following statement is
made of the income account of both systems for that year :
income account.
1884.
Receipts—
Net earnings
Other
receipts
1885.
1886.
1887.
$
503,305
11,966
$
$
503,274
21,350
492,958
524,624
513,815
4R745
180,174
90,081
89,140
182,343
90,652
476,627
14,008
$
20,857
RESULTS of operation of combined lines for the YEAR 1887.
Wabash
Western
Total all
lines East
Wabasli
and West.
Rail at ay.
Co.
$6,51 S,061
$6,518,061 $6,902],100
4,781.,358
4,680,124
$13,420,171
$1,837,937
$2,117,,751
$3,055,688
52,9 T9
7 ,232
60,262
$1,890,917
$2,125 ,033
502 ,357
$4,015,950
086,363
R* way
Grossearnings
Operating expenses
Received from rent of track, Ac.
.
Taxes, rentals, car trust int., Ac-
394,005
0,464,483
applicable to int. $1,496,911 $1,532,675
$3,029,587
—tV. 44, p. 10, 60,119, 173, 185, 212, 235, 369, 344, 401, 435, 621, 654,
682, 714, 717, 782, 808; V. 45. p. 166, 403, 438, 473, 509, 540, 573, 643,
696, 744, 793, 821, 847. V. 46, p. 105, 134, 201,277, 511, 539, 621.)
Net revenue
Wabash
Western.-The road
owned
includes
those
parts of
the former Wabash St. Louis & Pacific west of the Mississippi River that
remained in the system when the purchasing committee took possession
lx March, 1887; also certain lines cast of the Mississippi that Judge
Total income
Disburse m cuts—
Rentals paid
Interest on West Jer. debt..
Net earn.of W.J.AA.RR.,Ao
Dividends
Rate of diAddend
515,271
41,270
175,174
90,668
87,788
6 p. c.
490,625
$
39,098
175,174
81,990
89,113
6 p. c.
6 p. c.
Total disbursements.... 394,900
385,375
401,140
120.371
123.484
105,250
Balance, surplus
-(V. 44, p. 494, 782; V. 45 p. 473, 614; V. 46. p. 191, 509.)
39?154
89,142
6 p. c.
401,291
112,524
N. J.,to Atlantic City,
miles ; total, 40 miles
Opened Juno 17, 1880, and operated by West, Jersey Railroad on a
joint traffic agreement and 25 per cent of gross receipts on West
Jersey from traffic of this road to be applied to any deficit in interest
and then as sinking fund for bonds purchasable at 105, or drawn if
over that.
In 1887 net earnings Avere $78,456. Stock is $789,700>
West Jersey &-Atlantic.—Owns—Newfleld,
N. J., 33 miles; Pleasantville A Ocean City RR., 7
1BAO2NDS.
SRTAOILCOKD
Subscribers will confer a great
Miles
of column headings, Ac., see notes
on first page of tables.
Cent.dk Pitts.—1st M.,g. ,$25,000 p.m.c"
Western (Ala.)—Western KR. bonds, before consol.c
2d M.,guar. by Cent, of Ga. and Ga. RR.
Western dk Atlantic (Ga)—Income bonds
&B.Co...c
Maryland—3d M., endorsed by Baltimore.
do
4th
endorsed by Baltimore
5th mortgage, to the City of Baltimore
Baltimore A Harrisburg RR., M.(for $690,000)..
Western N. T. dk Pennsylvania— Stock ($30,000,000)
1st mortgage ($10,000,000), gold
c*
2d mortgage (1st on equipment, etc.), gold
c*
Warren & Franklin, 1st mortgage
Western Nor in Carolina—1st mortgage
c
1st consol, mortgage, gold ($12,500 per mile)..c*
2d consol, mort. ($15,000 p. m.)
183-6745
sink’g fund..
1st mortgage, Pittsburg Branch, sink’g fund...*.
Consol.M. for $5,000,000 g., guar., by Pa. RR. .c*
Western Pennsylvania—1st mortgage,
'
White Water—Stock ($325,000 of it pref.)
Wheeling dk Lake Erie— Pref. stock
1st mortgage, gold
1st M., Wheeling Div., gold $&£
e*
c v
Wilm. Colum. dkAug.—Stock, 6 p. c., guar.Wil.&Wel.
1st mortgage
Wilmington dk North.—1st M., 20-40’s ($1,000,000).
Wilmington dk WeIdon—Stock
Binking fund bonds, gold
Gen. mortgage for $4,000,000 ($12,000 per mile).
Cert, of indebtedness, non-cum., income
Wisconsin Cent. Co.—1st mort. (for $12,000,000).c*
Income bonds, non-cum. (for $9,000,000)
c*
Merrill Wausau & Alb. RR., 1st M., int. guar
do
do
income bonds, $8,000 p. m...
of
Road.
60
44
160
138
90
90
659
630
630
50
130
189
Date
Size, or
Par
of
Bonds Value.
i’oo
1863
1865
500 Ac.
100 Ac,
l 98
1888
1,000
1886
1888
1,000
3,000,000
1,300,000
3,600,000
3,000,000
1.000
500
100
....
68
1885
1887
1887
1888
1888
1,000
1,000
•
1,724,000
2,500,000
6,106,000
5,713,000
1,500,000
545,000
1,000
1,000
Ala., 116
Point, 22 miles; total, 138 miles.
Jointly by the Georgia Railroad and Central Railroad of Georgia. The
old stock and income bonds were wiped out in the foreclosure, and the
property is represented by the bonded debt and $846,000 due each of the
above companies. In year ending Aug. 31, 1887, gross earnings were
$462,529; net, $163,911; surplus over interest, $40,471. In 1885-86
gross earnings were $465,235; net, $165,160; deficit under interest and
Ha per cent dividend, $3,280. Stock, $3,000,000; p*r,-$100.
Chattanooga, Tenn., 138
Built by State of Georgia and opened in 1850, and by an act of
October 24,1870, was leased to a company for twenty years at a monthly
rental of $25,000. In July, 1887, the lessee company put in a large
claim for betterments. Sec V. 45, p. 85.
Western A Atlantic.—Atlanta, Ga., to
miles.
Western Maryland.—Line of Road—Baltimore to Williamsport,
Md., 90 miles; Emmitsburg Branch, 7 miles; Edgemont to Shippeusburg, Pa., 34 miles; total, 131 miles. The Baltimore & Harrisburg,
leased in Nov., 1886, comprised78^ miles. The stock is $683,750; par.
$50. Tne company was largely assisted by the city of Baltimore, and
was unable to pay all
its interest.
In 1886 the company proposed
that Baltimore city should pay off the $1,800,000 bonds embraced in the
first and second mortgages and take a mortgage on the railroad prop¬
security; this was accepted by vote of the city, and on Jan,
1, 1887, all the said bonds were retired, and the city' now holds a fifth
mortgage for $1,800,000 agabist the company.
The Baltimore A Harrisburg RR. was formed by consolidation of
several small roads in 1886 and leased to the Western Maryland, which
also owns a large amount of the stock; of the issue of $690,000 bonds,
$207,000 are held in trust to pay off prior mortgages. The Western
Maryland operations for four years have been as follows:
erty as
Gross
500,000
2,500,000
936,000
....
m
m
5
5
3
6
5
4
7
5
7
5
5
5
5
g.
g.
g.
g.
g.
do
do
do
J. A
A. A
A. A
J. A
J. A
J. N.Y., Office, Mills Bldg.
do
do
O.
do
do
A.
N.
Raleigh, N. C.
J. N. Y., Central Trust Co.
O.
O. Philadelphia, Penn. RR.
do
do
J.
D.
Philadelphia.
A
A
A
A
A
A
A
A
A. A
J. A
0.
J.
J.
D.
D.
J.
J.
J.
O.
J.
A.
J.
J.
J.
J.
J.
J.
J.
Bonds—Prinoi
pal,When Due.
Stocks—Last
Dividend.
Tuly 1, 1911
Oct. 1. 1888
Oct. 1, 1890
Oct. ’88 to ’90
Jan., 1900
Jan., 1902
Nov.
1, 1936
mmmmmmmm
-
g.
g.
do
mm
1
1,500,000
960,000
1,600.000
227
J.
J.
a
6 g.
6
6
6
4 g-
790,000
435,000
100
consolidation in 1870 of Montgomery & West Point and West¬
of Alabama. Sold May 10, 1875, in foreclosure and purchased
N.Y., Office, 2 Wall St.
N.Y., Mercantile Tr. Co.
N.Y ,Cent.Tr.Co.ALond
Jan.
Oct.
Feb.
1, 1937
1, 1927
1, 1896
May 1, 1890
July 1, 1914
Oct., 1914
April 1, 1893
Jan. 1, 1896
June 1, 1928
May 15, 1888
Oct. 1, 1926
July 1, 1928
Baltimore.
Jan., 1888
N. Y. and Baltimore.
June 10, 1910
Co.’s Office,Wilm. A Del.
1907-1927
Wilm., N.C'., Co.’s Office. Jan. 14, 1888
N. Y.,Bost., Loud., Frank
1896
1935
N. Y. Balt. A London.
N.Y., 36 Wall A Boston
....
....
....
July 1, 1*937
July 1, 1937
1938
1938
provided for out of the $10,000,000 new first mortgage bonds), all but
$800,000 Warren A Franklin bonds are retired. There were also $20,000,600 second mortgage bonds issued for all other bonds on certain
terms; and $30,000,006 of new common stock. The old stock paid an
assessment of 8 per cent on the pref. and 12 per cent on the common,
each receiving the new 2d mort. bonds at par for the assessment paid,
and share for share in the new stock.
2d mortg. bonds are a second
lien on the railroad and first “on terminals, coal and equipment, subject
to lease of terminals and equipment to 1st mortg., if foreclosed.”
Till
Jan., 1898, they bear interest at the rate of 3 per cent, but till 1893
interest may be paid wholly or partly in scrip.ou a graded higher rate,
and if paid all lu scrip the rate is 5 l>er cent; after 1898 the rate is 4 per
cent and, if earned, 7 per cent may lie paid, but after 3 per cent has
been paid on second mortgage bonds, tlie stock and seconds share alike.
TheJ scrip issued for interest bears 5 per cent interest, non-cumula-
tive, payable„only if earned, is secured by the coupons placed in trust
therefor, and is due 20 years from date, but redeemable at option. It is
convertible into income debentures, also nou-cumulative, and payable
at option. Trustee of 1st mort., Mercantile Trust Co., of N.Y.; of 2d
mort.
Fidelity T. A S. Dep. Co., of Philadelphia.
From Oct. 1, 1887, to Mar. 31,
1888 (6 mos.), gross earnings were
$1,387,066, against $1,222,137 in 1887; net, $307,246, against $51,507.
The annual report for the year ending Sept. 30, ’87, was in the Chron¬
icle, V. 46, p. 198, and contained the following :
Receipts1884-85.
1885-86.
1886-87.
Gross earnings
$2,335,514
$2,56.8,217
$2,687,755
Net earnings
$154,847
$373,007
$297,176
Other income
57,924
55,853
40,813
Total income
$428,860
$337,989
$512,771
—(V. 44, p. 89, 184, 210, 276, 433, 551, 652, 654, 681, 781, 807; V. 45,
p. 142,271, 272, 369, 400, 573, 641, 689. 705, 768; V. 46, p. 76, 173,
198, 201, 245, 353, 413, 538, 539.)
Western
North
Carolina,—(See map of Richmond dk TT. P.
Salisbury, N. C., to Paint Rock, Tennessee
State
line, 190 miles; Asheville to Jarretts, 100 miles; total,
290 miles.
The
road
was
financially embarrassed,
and was
purchased April 17, 1875, by commissioners for the State of North
Carolina, and subsequently finished by the Richmond A West Point Ter¬
minal Railway & Warehouse Co. In May, ’86, it was leased to the R.&D.
Company. From Oct. 1, 188 7, to April ,i0 in 1-88 (7 mos.) gross earnings
were $372,760, against $354,975 in 1836-7 ; net, $57,433, against $61,047.
In 1885-86 gross, $523,740 ; net. $85,384; deficit under charges,
$53,340. In year ending Sept. 30. 1887, gross earnings were $660,599;
net, $84,350; interest (not including any on bonds held by R. A W. Pt.
Term.), $160,741; deficit, $76,392. Stock, $4,u00,000 common and
$4,000,000 pref. The second cons, mortgage for $1,110,000 is held by
the R. A W. P. Ter. R. A W. Co., and also $1,325,000 of the 1st consols,
Term.)—Owns from
given above : $850,000 of same bonds are reserved to retire the lsts.
Certificates of indebtedness Sept. 30. 1887, $156,760; due other coin-
panies, $537,803.
Western Pennsylvania.—The road runs from Bolivar to Alle¬
gheny City, Pa., 70 miles; branch to Butler, Pa.. 28 miles; total, 98
miles.
Completed in 1865 and branch in 1870. a new lease to the
Pennsylvania Railroad for 50 years was made in 1883. Rental net
earnings. The Pennsylvania Railroad, lessee, owns $1,278,350 stock.
The consolidate l mortgage bonds of 1888, guaranteed by Penn. RR.,
replaced old five percents; $1,225,000 bonds are reserve l to provide for
prior bonds. Gross earnings in 1887, $1,434,655; net, $528,241; sur¬
plus over charges and 3 per cent dividend, $284,500. Gross in 1886,
$1,347,565; net, $607,542. In Dec., 1886, paid 3 percent dividend.
—(V. 46, p. 481.)
Net
Earnings.
Earnings.
13,114,956
$665,995
$258,245
131
131
16,512,178
14,602.158
11,670.486
619,217
232,135
131
131
15,946,659
16,156,507
10,878,194
617,561
239; 137
12,523,320
.659,434
Cambridge City, Ind., 65
Valley, sold in foreclosure
May 2,1878, and reorganized under this title. Gross earnings in 188687, $95,567; deficit, $5,498. Elijah Smith, President.
White Water.—Valley Junction, O., to
miles. This was formerly the White Water
261,109
—(V. 45, p. 696, 793.)
Western New York A; Pennsylvania.—(See Map) - Line of Road
-Buffalo Division-Buffalo, N. Y.. to Emporium, Pa., 121 miles., Larabees.
Pa., to Clermont, Pa., 22; Pittsburg Division—Buffalo, N. Y., to Oil
City, Pa., 138; Titusville, Pa., to Pioneer. Pa., 9; Olean, N. Y., to
Oil City, Pa., 116 miles; Oil City to New Castle, Pa., 66; Tryonville
to Union City, 17 miles. Rochester Division—Rochester, N. Y., to Hins¬
dale, N. Y., 99; Olean, N. Y., to Bradford, Pa., 26; Bradford. Pa., to
Kiuzua, Pa., 26; Eldred to Tarport, 18 miles; Genessee Valley Ter. RR.,
3 miles; total operated, 659 miles, of which 40 miles are leased. The
Swain’s Branch, owned 11 miles, is leased to L. & P. RR.
This company was organized Nov. 22, 1887, as successor to the Buf¬
falo New York A Philadelphia (a consolidation of 1883), which became
•embarrassed in 1884 and was sold in foreclosure Sept. 15, 1887.
The
plan of reorganization dated Feb., 1886 (sec V. 42, p. 242), provided
that there be issued $10,000,000 first mort. 5 per cent bonds for the
several issues of old first mortgages and the B. N. Y. A P. 2d mortgage,
-the balance for reorganization expenses and for future use. Of the
.underlying $6,073,000 bonds of the old company (which were to be so
Balt.,Company’s Offices.
70
28
a
Freight
N.
4,110,000
(V. 46, p. 4 80, 610.)
Mileage.
M. A
5
483,000
20.000,000
5 g. J. A
7,700,000
20,000,000 3g.or5se. A. A
F. A
7
800,000
M. A
7
850,000
2,583,000
Western Alabama.—Line op Road—Selma to Opelika,
Mileage.
Balt.,N. Mechanics’ B’k
1,000
total net revenue, $123,376; interest paid, $68,560; surplus, $60,635.
See report, V. 46, p. 480. Stock, $5,500,000.
H. G. Davis, Baltimore,
Passenger
J.
J.
1,000
222
A J. N\ Y. Ofiiee, 1 Br’dway
J.
A
A
875,000
1,000,000
1,800,000
1884
1880
1887
Payable
Atlanta, Co.’s Office.
500 Ac.
65
186
186
Whom.
Q-J.
243,000
...
1,000
1,000
Payable, and by
N.Y., H B. HollinsACo.
1887
1887
1865
1875
1884
November, 1884, in operation from Piedmont, W. Va., to Davis, W. Va.,
58 miles; Branch, 8haw. W. Va., to Mineville, 2 miles; total, 60 miles.
Extensions in progress. Owns 32,244 acres of coal and lumber lands
covered by the first mortg., and has mineral rights on 5,407 acres more.
In 1887, net profits on coal sales, $51,982; net from railroad, $71,394 ;
Miles.
6 g.
8
8
10
6
6
Where
When
A. A O.
A. A O.
100
West Va. Central Sc Pittsburg—A coal and railroad company in
West Virginia in the upper Potomac region—the Elk Garden Coal Field.
ern
Rate per
Cent.
$1,650,000
340,000
1,171,000
1,000
the line of road, Weehawkon to Buffalo with branches, 448 miles in all;
and also the terminals at Weehawken by ownership of all the stock and
bonds of the Terminal Company. The guarantee of the N. Y. Cent. A
Hudson is absolute as to interest and principal and is endorsed on each
bond. A review at much length of the status of the now West Shore
bonds was in the Chronicle, V. 42, p. 176.
Was
Outstanding
1,000
500 Ac.
he mortgage is made to the Union Trust Co., as trustee, and bonds.
fiarautee of the principal and interest of the $50,000,000 of new covers
President; 8. B. Elkins, Vice-President.
Amount
$1,000
1881
1868
1870
1873
1870
1872
West Shore.—Line of road from Weehawken, N. J., opposite N. Y.
City, to Buffalo, N.Y., with branches to Albany City and Rochester City,
about 448 miles in all. This company was organized in December, 1885.
ae successor to the N. Y. West Shore A Buffalo, sold in foreclosure.
Immediately on its organization the new West Shore Company issued
*10,000,000 of capital stock, and made an authorized issue of $50,000,000 of 4 per cent bonds. A lease of the West Shore property to the New
York Central Company for 475 years was executed in compliance with
the plan of reorganization. The $10,000,000 of stock is owned by
the New York Central Company in consideration of that company’s
miles; branch, Opelika to ^West
discovered In these Tables.
INTEREST OR DIVIDENDS.
For explanation
Western
[VOL. XLVI.
favor by giving Immediate notice of any error
DESCRIPTION.
W. Virginia
SUPPLEMENT,
INVESTORS’
12*
Wheeling Ac Lake Erie.-*• Toledo, 0.,to Bowerston, O., 174 miles,
12 miles. The road was sold in foreclosure
and branch to Huron, O.,
April 23, 1886, and purchased by trustees of the reorganization com¬
(See V. 42, p. 537.) New company organized in July, 1886,
with stock of $3,600,000 ($100 shares), wi.ich by vote in March, 1888,
was made preferred.
Mortgage of 1888 for $1,500,000 was issued to
extend the road to Wheeling.
In 1887. gross earnings were $743,843;
net, $237,521; surplus over interest, $97u 21. Gross earnings in 1886,
mittee.
.
$5S8,099; net, $129,113. Goo. J. Forrest, President, 2 Wall St., N. Y.
—(V. 44, p. 118, 149; V. 45, p. 26, 85, 371; V. 46, p. 371, 538, 650.)
Wilmington Columbia Sc Augusta.—Owns from Wilmington,
C., to Columbia, S. C., 189 miles. Leases jointly with Northeast¬
ern S. C. RH., the Central RR. of South Carolina, Lane, S. C., to Sumter,
S. C., 38 miles. Total operated, 227 miles.
Road was sold in foreclosure, October, 1879, for $860,500, and com¬
pany reorganized under present style.
In June. 1885, the road and property of this company were leased for
99 years to the Wilmington & Weldon, the lessee to pay all interest and
fixed charges and 6 per cent dividend on the stock, payable semi-anuuN.
ItAlLKOAD
124
Subscribers will coufer
a
AND
headings, &c.,
of tables.
see notes
Wisconsin Central RR.—Consol. M.,pref. landgr...
Consol mort. 1st series, gold
c,tr
Con. M, 2d ser’s, income mot cuimila’ve)gold.e\tr
Mort Minn. St. CroixA Wis. RR
Penokee RR.—1st mort
Wisconsin & Minnesota—1st mortgage
Chic. Wis. A Mmu.—1st mort., gold
Worcester Nashua <t Rochester—Stock
c*
c*
c*
c*
Bonds, mortgage
Bonds, mortgage
Miles
Date
of
of
Road. Bonds
326
326
326
104
50
54
122
94
c*
Nashua Sc Rocli., 1st mortgage
W. N. Sc K.—Mortgage
Zanesville <£ Ohio—1st M.,e.f., gold
•
c*
....
c*
C*
($25,000 p.m.)c*
Maryland loan, sinking fund
Maryland loan, guar., sterling
Bonds having next preference
Repair bonds, Act 1878
Delaware Division—1st M. (ext’d 20
yrs.
Delaware d$ Hudson—Stock
1st mortgage, registered
•
•
•
48
....
....
14
14
14
184
184
184
184
in 1878).c
60
595
....
Debentures secured bv Penn. Div. bonds
c*
1st ,M. on Pennsylvania Div. ($10,000,000).. c&r
Xtthigh Coal Navigation—Stock
Loan, eonv., coup., gold (assumed L. A W. Coal Co)
1st mortgage, reg. (extended at 4^)
1st mort gage, registered, railroad
1879
1879
1879
1884
1887
1880
1885
1,000
1,000
.
-
_
1873
1875
1874
1884-5.
$373,141
29,937
Total
$313,573
Disbursements—
$403,078
1886
....
....
339
....
....
....
1879
1886
1858
1,000
1871
1874
1877
When
Where Payable, and by
Bonds—Princi¬
pal,'When Due.
Whom.
M.
J.
g. J.
M.
M.
J.
M.
J.
A.
F.
A.
J.
S- F.
g.
5
6
5
6
6
6
1*2
5,549,000
4,829,000
5,000,000
12,799,250
7
7
7
2
6 g.
....
1869
1864
1867
1,000
lOOOAc.
50
500 Ac.
Var.
Var.
1886-7.
*$398,312
158,773
$477,282
$557,085
$245,957
$338,353
$527,708
$157,121
$138,929
$29,377
Company.—(See Map.)—This company was
organized in 1887 to gather into a single corporation the ownership
and control of the Wisconsin Central Associated Lines, viz.: Minne¬
sota St. Croix A Wisconsin, 110 miles; Wisconsin A Minnesota, 54 miles;
Chippewa Falls A Western, 10 miles; St. Paul A 8t. Croix Falls, 5 miles;
Penokce, 50 miles; Paekwaukee A Montello, 7 miles; Wisconsin Central
-RR., 344 miles; and the leased lines, Milwaukee A Lake Winnebago, 65
xuiles and Chicago Wisconsin & Minnesota, 122 miles; total 767 miles.
The Wisconsin oentral Company now owns substantially all the stock
of the six first-named roads, and about seveu-eighths of the stock
of the Wisconsin
It thus
Central RR. Co.
acquires complete
control also of all the leased lints.
It has bought about $8,500,000 first
mortgage bonds of these different companies with its own bonds.
It
has exchanged for its own Income bondH all the income bonds of the six
first-named roads and about $3,800,000 s« cood series bonds of the
Wisconsin Central RR. Company. Its ownership of about two-thirds of
the Wisconsin Central RR. first mortgage bonded debt gives it a corre¬
sponding interest in the land grant and iron mines and sinking fund of
that company. It proposes at an early day to consolidate into itself the
six first-tamed roads. The exchange of securities is progressing so
rapidly that all the bonds and stocks of the Wisconsin Central allied
lineH (excepting those of the leased lines) will soon be retired into those
of the Wisconsin Central Company. Its total capitalization is as follows:
First mortgage bonds, $12,000,000 at 5 per cent; income bonds, $9,000,000 at 5 per cent, non-cumulative; preferred stock, $3,000,000 at 6
per cent, cumulative; common stock, $12,000,000. Trustees for mort.
for b(.tli firsts and incomes, John A. Stewart, of N. Y., and Edwin II.
.Abbot, of Milwaukee.
Its total is-ue up to March 27,1888, is as fol
lows: $6,106,000 first mortgage bonus, $5,713,000 income bonds,
23.849*2 shares pieferred stock, 110,662 shares common stock. The
remaining bonds ano stocks are available for further exchanges and the
inq rovemont of its property.
In F< 1)., 188*', the Merrill Wausau & Abbotsford RR., 68 miles, was
proposes to be built, with $-‘18,000 6 per cent cumulative stock ; $>45,000 common stock and bonds as above, the road being leased to Wiscon¬
sin Central Co., and interest on first mortgage bonds guaranteed,
255.
Central Railroad.—(The property of this road
under the Wisconsin Central Company’s control, and wiil so
Wisconsin
the Surn.EMEST hereafter.)
800,000
7
24,500,000
Wisconsin Central
Owned on Dec. 31, 1886, the
line and branches Menasha. to Ashland, 253 m.; Stevens Point
to Portage City. 71 m.; branches and spurs, 25 m.; total owned, 349 m.
Leased: from Neenah to Schleisingerville, 64 miles; Paekwaukee to
mam
Montello, 7 miles;
operated under contract, Milwaukee to Sclileisin-
xerville, 33 miles.
Total operated, 450 miles'
[Vol. XLVI.
Payable
g.
1,000
receipts include those from the W. C. A A. lea^e
and the interest payments, $175,000, paid on certificatess of indebt¬
edness.
(V. 43, p. 636.)
has g( ne
5
5
7
6
5
7
6
3
5
5
5
4
9
100
....
1885-6.
$374,100
103,182
*
500,000
2,079,213
2,602,950
3,851,593
2,000,000
4,375,000
1,699,500
500,000
50
500 Sec.
25
500 Sec.
500 Ac.
500 Ac.
In 1886-87 the net
appeal in
150,000
1,700,000
1,000
$80,698
$79,365
$138,353
$327,708
Dividends... .(8%) 166,592 (8%) 166,592 (8%) 200,000 (8%) 200,000
of circular, V. 46, p.
400,000
575,000
100 Sec.
Interest
ee terms
2,860.000
3,099,800
250,000
1,000
....
INCOME ACCOUNT.
Receipts1883-4.
Net earnings
$294,631
Other receipts....
23,942
„
810,000
a
100
500 Sec.
lOOOAc.
500 Ao.
....
Rate per
Cent.
$360,000
3,800,000
5,700,000
2,600,000
1,500,000
1,000
follows:
$247,290
$71,283
Outstanding
500 Ac.
500Ac.
Sept. 30, 1887, net receipts
interest and dividends was
$2,753; in 1885-86 net re¬
interest and dividends.
Wilmington Sc Northern.—Owns from Wilmington Del., to
Birdsboro, Pa., 64 miles; branches, 24 miles; total owned 87 miles;
trackage leased, 5 miles; total operated, 92 miles. This company
was organized Jan. 18, 1877, as successor to the Wilmington & Reading
RR. Co., which defaulted on its interest and was sold in foreclosure Deo.
4, 1876. The mortgage for $1,000,000 was authorized to cancel exist¬
ing debts and to pay for improvements; but only $500,000 can be issued
on. piesent mileage.
Gross earnings in 1886, $384,237 ; net earnings,
$54,272; other leceipts $1,680. In 1887 gross $383,336; net over
expenses and taxes, $49,075; surplus over fixed charges. $36,347. Paid
interest, $12,570; bonds redeemed, $2,400. (V. 45, p. 614.)
Wilmington Sc Weldon.—Road extends from Wilmington to
Weldon, N. C., 162 miles; branch to Tarboro, 16 miles; Scotland Neck
Branch, 20 miles; also operates Midland N. C. RR., Goldsboro to Smithfield, 21 miles; Wilson to Fayetteville, 71 miles; Nashville branch to
Spring Hope. 20 miles; Clinton branch, 13 miles; total, 323 miles.
Was leased November, 1872, to Wilmington Columbia A Augusta Rail¬
road for 99 years., The lessees made default December, 1877, and the
lease was surrendered April 13,1878. In June, 1885, this company
took a lease for 99 years of the Wilmington Columbia A Augusta. (See
that company above.)
There v as Sept. 30, ’87, $1,871,478 to the credit of the sinking fund.
The certificates of indebtedness, $2,560,000, were distributed to
stockholders in January, 1887, as a scrip dividend.
The fiscal year ends Sept. 30. The income account for four years was
Total
Amount
$1,000
ally in January and July. In year ending
were $200 144; the surplus income over
$15,544; paid deficit Central KK. of 8, C..
ceipts were $176,478; surplus $22,872 over
Balance, surplus.
BONDS
N.
A S.
A J.
A J.
A N.
A S.
Stocks—Last
Div idend.
Y., 36 Wall St.
do
Boston, 50 State St.
N. Y., 36 Wall St.
5 p. ct.
Jan. 1,
yearly
1909
Jan., 1909
May 1, 1915
A
A
A
A
A
A
A
A
do.
do.
1937
J.
do.
do.
Jan. 1, 1910
do.
S.
do.
March 1, 1915
J
Jan. 2, 1888
Worcester, Office.
O. Bost., Globe Nat. Bank. April 1, 1893
A.
do
do
Feb. 1, 1895
O.
do
do
April 1, 1894
J.
do
do
July 1, 1906
A.
N. Y., H. B. Hollins.
Feb. 1. 1916
A
&
A
A
J. N. Y., Union Trust Co.
D.
Philadelphia, Office.
J.
do
do
J.
*
Albemarle & Chesapeake—Mortgage bonds
Chesapeake dk Delaware—Stock
1st mortgage (extended in 1886)
Chesapeake <£ Ohio—Stock
as
AND
INTEREST OR DIVIDENDS.
Size or
Par
Value.
CANALS.
'
STOCKS
great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column
on first page
CANAL
I
|
685,500
5,000,000
4*2
2,000,000
6
J.
J.
J.
J.
July 1, 1909
July, 1916
Q- J.
Q—J.
J.
J.
J.
1870
1890
1885
1898
A J.
A J.
A J.
Balt;., Fflrm.A: Meeh.Bk,
Pliila., 226 So. 3d st.
July 1. 1898
Y.Of., 21 Cortlandt. Mar. 15, 1888
Q-Mch.
N.
J.
A.
M.
J.
M.
A J
A O.
A S.
A D.
A S.
do
do
do
Philadelphia, Office.
do
do
do
do
'
do
do
Q-J.
Q-F.
There was aland grant of
been sold to Dec. 31, 1886.
do
do
do
1891
Oct. 1, 1894
Sept. 1, 1917
June
9,
1888
1894
July 1, 1914
1897
831,700 acres, of which 177,816
acres had
the second series of bonds is
payable January and July, but dependent each time on the net earnings
of the half year
Interest
on
ending six months before.
The stock of $2,000,000
preferred and $9,435,500 common was deposited In trust with Stewart
and Abbot, Trustees, to be voted on until all interest should be earned
and paid on bonds. Trustees’ certificates for new stock (without voting
power) were issued to the old stockholders, which pass as a delivery on
sales. Proceeds of land sales go
no
drawings.
to sinking fund for oonsolodated bonds;
The Milwaukee A Lake Winnebago RR., from Neenah to Schleisingerville, is leased for 99 years; the rental is 37^ per cent of gross earnings
up to $175,000 per year, all surplus to go equally to lessor and lessee,
and the bonds are issued subject to this, lease. From Milwaukee this
company makes use of Chic. Mil. & 8t. Paul tracks 24 miles; an extension
from Schleisingerville to Chicago, 116 miles, is known as the Ckio.Wis. A
Minn., and is a close connecting line of the Wis. Central, though the latter
is not responsible for its obligations.
In July, 1887, the control of allied roads under one management
through the Wisconsin Central Company (which see above) was pro¬
posed, according to the terms given in V. 45, p. 54, which had been car¬
ried out to a large extent by tne close of the;year. The exchange of
stocks and bonds by Wisconsin Central holders was quite optional, and
those not exchanging would be entitled simply to their old rights
according to the Wisconsin Central RR. earnings, which would be kept
separate.
In V. 44, p. 807, is an abstract of the annual report for 1886. For
four years the earnings, Ac., were:
1883.
1884.
1885.
1886.
Gross earnings
...$1,447,798 $1,429,075 $1,461,004 $1,565,313
Operating expenses...
973,732
957,745
941,881
1,182,080
Net earnings ......
Rentals,carserv., Ac..
$474,065
351,405
$471,330
319,650
$519,123
310,406
$383,233
386,559
Balance
$122,660
$151,679
$208,716 def. $3,326
-(V. 43, p. 48, 309, 432; V. 44, d, 682, 807, 809; V. 45, p. 26, 240,
573; V. 46, p. 228, 471.)
Wisconsin Sc Minnesota. -Owns from Abbotsford, Wis., to Chip¬
pewa Falls, 54 miles.
Leases Chic. Wis. A Minn. RR., Schleisingerville,
Wis., to Chicago, 122 miles, and branch 8 miles projected.
These
roais form the Cliicago division of the Wisconsin Central, and enter
Chicago
bonds
over the Chicago A Great Western.
owned by Wisconsin Central Co.
All the stock and income
are
Worcester Nashua Sc Rochester.—Owns from Worcester to
Nashua and Nashua to Rochester, 94 miles. This consolidated company
was formed Deo. 1,1883, l>y a merger of the Worcester A Nashua and its
leased line, the Nashua Sc Roohester.
lease of this property for 50,yoars. from Jan. 1,
made to the Boston A Maine RR. Co. at a rental of $250,000
and taxes. A financial statement of Jan. 1, 1887 wTas in V. 44, p. 91.
Zanesville Sc Ohio.—Line of road in progress from Zanesville, O.,
to JIarmar, on the Ohio River, about 80 miles, of which 51 miles to
Waterford is in operation. Wnole line to be in operation early in 1888.
The mortgage is for $2,000,000; the Mercantile Trust Co. of N. Y. is
In October, 1885, a
1886,
was
trustee.
A
sinking fund will oorno into operation in 1891, bonds being bought
market at par and accrued interest; in lieu of this, fuuds
in the open
are invested.
CANALS.
Albemarle Sc Chesapeake.—Canal between Chesapeake Bay
and Albemarle Sound, N. C., 14 miles.
Gross earnings 1884-85, $70,000; surplus over interest, $5,000. Pres’t, Marshall Parks, Norfolk, Va.
Chesapeake Sc Delaxvare.—Delaware City to Chesapeake City, Md.
1886, a heavy defalcation by the Treasurer and an over-issue
was discovered, amounting to $609,200, and in Sept., 1886, it
was proposed by the company to retire old bonds and issue $2,602,950
of new 5 per eeiir bonds maturing in 1916, thus covering the over-issue.
(See V. 43, p. 367.) Iu the year ending May 31, 1887, gross receipts
were $199,212 and net $145,184; surplus, $14,805.
(V. 43, p. 22, 49,
367; V. 45, p. 52.)
Chesapeake Sc Ohio.—This company was assisted with loans by the
State of Maryland. It has long been unable to meet its interest, except
on the Repair bonds of 1878.
In a suit against the company the Court
(January, 1881) declined to appoint a receiver, but ordered the com¬
pany to report at stated times its receipts and payments.
In addition
to the above indebtedness, the company owed Jan., 1888, $1,600,500
in the shape of small issues of bonds, debt certificates, pay roll ac¬
counts, etc. In 1887, gross earnings were $129,207; expenses. $174,294.
In 1886, gross earnings were $94,138;
expenses, $223,415.
(V. 16, p. 38.)
Delaware Division.—Leased to Leliigh Coal & Navigation Co. at
interest on bonds and 4 percent a year on stock (payable, Q—F.).
29,711 shares have been converted into Lehigh Coal A Navigation
stock, leaving only 2,956 shares unconverted.
Delaware Sc Hudson.—The Delaware & Hudson Canal Co was
chartered April 7, 1823, and the canal from Rondout, N. Y., to Honesdale. Pa., 108 miles, was completed in 1-828. The company owns the
In July,
of bonds
Subscribers will coaler
a
see notes
Lehigh Coal <& Navigation—(Continued)—
Mort. loan, g. ($2,810,000 assumed by other co’s.)
Consolidated mortgage loan
Greenwood 2d mortgage, reg.
Extended, 1877..
General mortgage
:
Jforrw—Stock, consol., 4 p.c. gu. 999 yrs. by LehighV.
Preferred stock, 10 p. c. gu. 999 yrs. by Lehigh V.
Newmortgage (for $1,000,000)
c
Preferred stock scrip dividend.....
Miles Date
of
of
Canal. Bonds.
125
1867
■
•
•
m
m
m
guar’dfey Penn, RR,,o*
Schuylkill Navigation—Stocky common
FrcJo'rreu. otocx.
or
Par
m
103
103
103
$500&o.
’76-’85
1,000
1869 various.
316
1870
m
m
684,912
3,288,050
1,691,730
3,990,392
1,200,000
228,000
756,650
50
....
1,000
extended
1,000
....
Mortgage bonds, coup, (payable by P. & R.)
Improvement bonds
Boat and car loan, (payble by P. & R.)
Boat and car loan (
)
do
do
....
Susquehanna—Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 3d mort
pref. bonds, 1st mort
pref., 1st T. W. priority b’ds.
bonds of 1872,4th mort
....
1870
1863
1864
1839
1859
1884
1884
1872
7
2,775,000
50
1
7
6 g.
1,000 j
1,000
1,000
2
5
7
7
6
35c.
70c.
J. & J.
6
6
6
6
6
7
6
6
6
6
7
1,000
227,500
97,810
250,000
500 1
500 !
do
Q.-M.
1,000,000
1,326,000
...
Philadelphia, Office.
do
do
do
do
Q.—F.
do
F.
A. Leh. Val. RR. Co., Phila.
F. & A.
do
do
A. & O.
do
do
F.
A.
do
do
4!g
628,100
1,000
Where Payable, and by Stocks—Ijist
Whom.
Dividend.
J. <fe D.
J. & D.
F. & A.
4.501,200
1,000
108
Payable
103.164
50
....
Cent.
2,035.000
1,025,000
1,175,000
1,000,000
100
100
m
When
643,000
1,000
m
....
pal,When Due.
Rate per
$4,653,000
2,466,000
1,000
1,000
mm
....
mm
Amount
Value. Outstanding
1884
•
Bonds— Princi¬
INTEREST OR DIVIDENDS.
Size,
1871
1872
....
316
Pennsylvania—Stock
Gen. mortg., s. f., interest
do
do
do
BONDS
'
explanation of column headings, &c.,
on first page of tables.
let mortgage,
2d mortgage
AND
great favor by giving immediate notice ol any error discovered in tbese Tables.
DESCRIPTION.
For
STOCKS
CANAL
May, 1888.]
....
Phila., 233 So. 4th St.
Philadelphia, Office.
do
do
do
do
do
do
do
....
J.
J.
M.
M.
M.
J.
J.
J.
J.
J.
& J.
&
&
&
&
&
&
&
&
&
J.
N.
N.
N.
J.
J.
J.
J.
J.
do
do
do
do
do
do
do
April 1, 1906
Feb., 1889
July, 1910
Feb. 15, 1884
Feb. 15, 1884
March, 1897
1882 to 1907
1895
May, 1880
May, 1913
Phila. and Baltimore.
do
do
do
do
1897
June 1. 1911
1892
1924
Feb. 7, 188$
Feb. 7. 1888
do
do
do
do
May, 1915
Jan., 1885
Jan. 1, 1918
Jan., 1894
Jan., 1894
Jan., 1902
i
following railroads, viz: Lackawanna & Susquehannah, Nineveh, N. Y.,
to Jefferson Junction, Pa., 22 miles; Valley RH., Carbondale to Scran¬
ton, Pa.. 17 miles; Gravity RR., Olyphant to Honesdale, 56 miles; total
owned, 95 miles ; operates Union RR., Green Ridge to Wilkesbarre Pa.,
20 miles; Jefferson RR. (trackage) Jefferson to Carbondale, 35 miles;
other lines, 4 miles; total operated in Pennsylvania, 154 miles.
In
New York leases : Albany & Susquehanna RR., 209 miles; New York &
Canada RR., 150 miles; Rensselear & Saratoga RR., 192 miles; Utica
Clinton & Binghampton RR., 44 miles: total, 595 miles; total of all
canal and railroad, 857 miles. This company is among the largest
miners and carriers of anthracite coal,
The debentures are secured by an equal amount of Pennsylvania
Division bonds, reserved.
The stock was increased to $30,000,000 to pay off the bonds due in
1884 and 1891. The remaining $5,500,000 in treasury will be issued in
1891, to take up an equal amount of 7 per cent bonds.
The annual report for 1887 in V. 46, p. 132 and 170, had the following:
“The earnings of the company and its strong financial position have led to
many requests on the part of stockholders for enlarged dividends. Your
managers to meet such wishes, but in a way not to endanger the plan
adopted by the stockholders for retiring the bonds as they come due,
have therefore determined to make the cash dividend for the year 1888
at the rate of six (6) per cent per annum, payable in quarterly dividends
of one and one half (lLj) per cent each. Beyond this, they propose to
appropriate, from >time to time, from the surplus or dividend fund,
amounts not to exceed in the aggregate twenty-five (25) per cent of the
five millions five hundred thousand ($5,500,000) dollars of bonds to be
retired during the year 1891, a.id to credit such appropriations as cash
nayments on the stock to be issued therefore to stockholders of record
at the time when notice is given of their right to subscribe.”
Tills
proposition was submitted to stockholders at the annual meeting in
May, and approved by them.
Dividends have been paid as follows from 1881, when they were
resumed: In 1881. 4^3; in 1882: 7 ; in 1883, 7; in 1884, 7; in 1885, 6;
in 1886 and 1887, 5. Range of stock prices since 1882 has been: In
1883, 1021e®1121s: in 1884, 67® 114; in 1885, 66i2®100Lj; in 1886,
87kal0812; in 1887, oe^jSGOe^; in 1888 to May 18 inclusive, 103®
112.
Comparative statistics for four years:
PROFIT AND
1884.
$
Receipts—
Sales of coal
1885.
47,240
486,929
284,464
892,804
Interest
on investments...
hand (Dec. 31)....
Railroad earnings in Penn.
Total
Disoursements—
Coal on hand Jan. 1
Trans.totidew’ter via Erie
Transportation expenses,
Termin’lexpense «femiscel.
Taxes
Loss on leased railroads...
Balance
Total
,
792,716
633,867
395,001
649,905
4,549,480
557,500
3,975,297 4,239,907
592,803
873,547
5,019,147
1,159,114
1,455,805
1,198,885
341,026
Mining coal
Interest
|
183,697
332,653
830.542
694,941
841,662 1,147,134
10,755,136 9,393,162 9,265,687 11,892,457
$
$
$
$
892,804
745,436
649,905
332,652
on
canal, lease, &c
1887.
$
1886.
$
$
7,201,049 7,399,095 10,100,118
66,505
54,551
58,410
8,213,157
Canal tolls
Miscellaneous profits
Coal
LOSS.
'
826,987
767,151
1,082,768 1,069,067
300,453 - 285,230
885,810
973,571
402,656
171,577
244,420
222.323
183,699
174,490
313,330
21,695
37,622
1,186,396 1,175,485
2,910,305
1.488.094
10,755,136
9,393,162
9,265,687 11,892,457
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.
AS8Ct8—
Canal
Railroad and
Real estate
1884.
$
Mineimprov’ts, flxt’es, &c.
Coal-yard, barges, &c
Lack. & Susquehanna RR.
6,339,210
6,468,684
9,325,365
2,792,417
790,779
1,022,938
New York & Canada RR..
3,597,074
Cherry Val. & Sharon RR.
300,000
equipment..
Meehan. & Ft. Edward RR
Schen. & Meehan. RR
hand Dec. 31
Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
Coal
on
51,928
211,527
892,804
1,502,789
698,125
Telegraph and Car Co
Supplies,tools,&c.,on hand
3,372,061
43,035
1,611,254
Cash and bills receivable..
2,823.813
Total assets
1885.
1886.
$
$
6,339,210 6,339,210
1887.
1,022,938 1,022,938
$
6,339,210
7,276,629
10,787,387
2,815,844
893,723
1,022,938
3,597,074 3,597,074
3,878,724
300,000
59,131
300,000
59,972
300,000
59,972
211,765
649,905
212,993
332,652
861,729
212,993
7,134,018 7,257,329
9,628,325 9,725,394
2,795,576 2,792,511
934,856 1,007,821
330,737
183,697
404,864
756,040
766,149
720,055
2,740,040 2,586,396 *2,604,359
43,035
14,735
14,735
1,185,028 1,135,412 1,200,174
3,964,939 4,459,007 5.255,912
41,843,804 41,656,642 42,461,213 44,017,310
1884.
1885.
TjifihiJi
a*
Stock....
1886.
1887.
aj
23,500,000 23,500,000 24,500,000 24,500,000
Bonds
....15,378,000 15,378,000 15,378,000
Miscellaneous accounts...
778,072
812,002
694,392
Profit and loss
2,187,732 1,966,640 1,888,821
15,378,000
651,134
3.488,176
Total liabilities
41,843,804 41,656,642 42,461,213 44,017,310
These miscellaneous assets include the following: Sundry bonds,
$47,415; 6,500 shares Albany & Susquehanna RR„^$650,000; 16,001
shares Rensselaer <fe Saratoga RR., $1,600,009: sundry stocks. $306,941
-(V. 43, p. 163, 398, 635; V. 44, p. 184, 210, 212, 2 43, 335; N. 46,
p. 38, 132, 170, 609.)
Lehigh. Coal Sc Navigation.—Owns canal from Coilport to Easton, Penn., 48 miles, and leases Delaware Div. Canal, 60 miles.
Also
owns Lehigh & Susquehanna RR.,
Phillipsburg, N. J., to Union June.,
Pa., 105 miles, with brauclies, 50 miles, and leases for 999 years Nesquelioniug Val. RR., 17 m., and Trescow RR.. 7 m.; but all these roads were
leased for 999 years from 1871 to Central of N. J. RR., rental Dei
ng 33^
per cent of gross earnings, with a minimum rental o- $1,414,400.
*
The Central Railroad of New
Jersey
assumed (in purchase of equipment)
$2,310,000 of the gold loan due 1897 aud leases the Lehigh & Susque¬
hanna Railroad. The Lehigh A Wilkesbarre Coal Companv assumes
$500,000 of the gold loan due 1897 and $771,000 (all) of the convertible
gold h>an due 1894. The modifications of lease under the new arrange¬
ment with Central of New Jersey are referred to in V. 45, p. 113. The
Board of Managers’ report for 1887 in V. 46, p. 253, had the
following
statement of receipts and disbursements:
Receipts—
1885.
1886.
1887.
From railroads and Nesque. Tunnel. $1,459,035 $1,464,381 $1,533,184
Lehigh Canal, incl. water powers
65,971
50,220
33,562
Delaware Division Canal
11,038 def. 1,995
16,686
Net profit on Lehigh Coal
396,108
135,104
148,452
Royalty on coal mined by lessees,
revenue from rents, &c., &o
52,524
80,797
71,302
Total receipts
Disbursements—
$1,984,676 $1,728,507 $1,803,186
General and legal expenses
Rent and taxes NesquehoningVal.RR
Rent and taxes Delaware Div. Canal
Taxes
Interest account
Total disbursements
Balance of earnings..,
Less sink. fd. of 10 p. c. p. ton on coal
Less deprec’n on coal, impr’v’m’ts.&c.
Total
8urplus for year
Balance to credit of div’d fd. Jan. 1..
$59,454
73,081
61,965
80,039
844,488
$58,948
$63,318
75,526
75,689
39,509
85,574
367,420
39,581
89,739
844,692
$1,119,027 $1,108,486 $1,131,510
$865,649
$620,021
$671,676
$93,558
$61,597
$89,419
86,869
93,009
$180,427
$685,222
679,936
$89,419
$530,602
683.843
$159,606
$512,070
644,037
$17365,158 $1,214,445 $1,156,107
Total
Dividends
Rate of dividend
681,315
6
570,408
509,362
4Lj
4
Balance to credit of div’d fund Dec.31
$683,843
$644,031
$646,745
—iV. 43, p. 634. V.44, p. 274; V. 45, p. 113; V. 46. p. 253.)
I?IorrIs.—Leased April, 1871, to Lehigh Valley Railroad for 999
years.
The lessees assume bonds and scrip, and pay 10 per ceut per
annum on pref. stock aud 4 per cent on consol, stock.
Pennsylvania..—Worked in interest of Pennsylvania RR., which
guarantees interest on bonds and owns $3,517,150 stock.
Earnings in
1886, $281,385; net, $79,537; interest, $170,640; loss,$91,103.
In
1887. gross, $300,072; net, $75,322; interest, $168,571; def., $93,249.
Schuylkill Navigation.—Leased from June 1, 1870, to Philadel¬
phia & Reading for 999 years. The unpaid rental by P.
R. to Deo.
31, 1886, was $1,287,993. The P. & R. has paid some of the cou¬
pons and purchased others, but in Dec., 1886, interest was not paid,
and in March, 1887, the P. & R. threatened to relinquish the canal
and withdraw its boats.
By assent of nearly all the holders,
ment of the debt has been made under
the Phil. & Reading
an
adjust¬
reorganiza¬
tion plan. The report for 1886 (V. 44, p. 210) gave a statement of the
company’s relations to the P. & R. company and a history of its pros¬
perity in former years. The loss to the Reading in 1886-37 was $289,493: in 1885-86 was $477,614; loss in 1884-35, $-144,292.
(V. 44, p.
752, 782, 809; V. 45, p. 143, 573; V. 46, p. 219.)
Susquehanna.-Leased and operated by Philadelphia & Reading
Railroad for interest
on
bonds
and half of net earnings.
Under4the»
Reading plan, the stock aud bond holders have generally assented to an
exchange of securities.
Loss to Reading in 1886-87, $135,159; in
1885-6, $239,784; loss in 1884-5, $230,657. (V. 44, p. 809.>
Subscribers will confer a great
favor by giving
explanation of column headings,
first page of tables.
J^ypreas—Stock
tUymp
immediate notice of any error
&o., see notes on
Date
Size, or
Par
of
Bonds Value.
American (Inal (Maryland)—Stock...
Acan flntlnn Oil Trust—Certificates
A merirart ETprpfs—Stock
.Cdtnernu. Irnn. ft-, final. (In
fd. not drawn..c*
f’d
(on"l3,351
aere3
I’d, mines & b’d’gs)—c*
41,726,200
18,000,000
3,000,000
719,875
10,000,000
[VOL. XLVI.
discovered in these Tables.
1887
1,000
100
Ponds, Metropolitan Gaslight Co
Ponds Knickerbocker Gaslight Co
Debentures for $3,000,000
Detroit Mack. A Marquette Land Co.— Bonds
1881
100
ponds
Gold A Stock Tel.-Stock, rental guar. 6% 99 yrs.W.Un.Tel.
Bonds, not mortgage
c
IntemaVl Ocean Telegraph—Stock, 6% 99 yre., W. Union..
frntt Sttffirnhnat Company—Stock
Ronds
1,000
100
500
....
....
500
1881
r
Y., Company’s Offioe. June 1, 1888
Boston, Compy’s Office. April 14, 1888
do
do
Aug. 1, 1898
F. & A.
Deo. 1, 1887
Q.-M. N. Y., West. Union Tel.
Mar. 10, 1888
N. Y., 1 Broadway.
New York Office.
Aug. 1, 1887
July 2, 1888
J. & J. N.Y.,;Co.’s Office, 65 B’y
....
....
Uj
April 7. 1888
Ne\y York Office.
Q.-J.
Feb.
Y., Office, 41 Wall St.
N. Y.,
Jan.
Central Trust Co.
1, 1900
1,1917
:
;
6
6
1,000
1,000
r 1888
(income)
Equitable Gas Teight fin nf Npw Ynrk—Stock
N.
hi
6
....
Dividend.
Q.-J-
6g-
10,250,000
1,100,000
35,430.060
....
Stocks—Last
Whom.
6g.
658.000
631,000
1,000
1872
Q.-M.
Bonds -Prinol*
pal,When Due.
and by
Where Payable,
F. & A. N.
6,000,000
100
Consolidatin'*1 final nf Maryland—Stock
mortgage, consolidated, convertible
l!fl
3,499,000
4,700,000
1,000,000
100
When
Payable
....
4,000,600
1,000
1880
~
lst M.- g., 8.
16^4
...........
1*4
3
1
3
1,500,000
100
100
100
....
.............
w
2
3
7
(1)
14,000,000
100
100
.....
Rate per
Cent.
$100 $12,000,000
9,802,100
.....
....
Amount
Outstanding
100
AYtfll Tf.lp.ph/yttA—Stock
............
Debentures ($2,000,000) red. at 110 aft. Aug.l, 1890.c&r 1898 500,&c.
100
Airier. Tel. A Cable—Stock, guar. 5 by West. Union
25
Colorado Cnal A Iron—Stock
1st consol, mort., gold, accum., sink.
BONDS,
AND
INTEREST OR DIVIDENDS.
DESCRIPTION.
For
STOCKS
MISCELLANEOUS
126
0
5
650,000
4,550,000
3,( 00,000
1,000,000
5,000,000
500,000
3,000,000
2,000,000
500,000
7
2
6
1^
6
1^
2ia
6
N.Y., Co.’s Office, 71 B’y Jan. 31, 1888
Jan. 1, 1897
do
do
J.
D. N.Y., Office,4 Irving PL Dee. 15,1887
do
do
A.
Aug. 1, 1901
do
June 1, 1898
do
D.
do
do
N.
May 1, 1909
Oct. 1, 1911
0.
Q.-J. N.Y. Office, 340 3d Av. April 16, 1888
F. & A. N. Y., Central Trust Co. Aug. 1, 1899
Q.-J. N. Y., West. Union Tel. April, 1888
do
do
M. & N.
May 1, 1895
Q.-J. N. Y., West. Union Tel. April, 1888
Nov. 1, 1887
J. & J. N. Y., First Nat. Bank.
July 1, 1901
J.
&
J. &
F. &
J. &
M. &
A &
...
.....
’
•
Adams
Express.—No definite information.
American Bell Telephone Co.—See report for the year ending
Deo. 31, 1887, in Chronicle, V. 46, p. 412. In 1886 paid 16 per cent
dividends, including an extra dividend or 4 per cent. The debentures
issued in 1888 to provide funds for the construction of the long¬
distance telephone f>ystem.
In 1887, gross earnings were $3,453,028;
net, $2,2.0,592; dividends paid (16 per cent), $1,568,336. (V. 44, p.
433; V. 46, p.412.)
were
American Coal.—There are mortgage
bonds for $200,000.
The
In the real estate department the earnings are
houses, lauds, <fcc., containing no receipts from
wholly from rentals of
land sales. (V. 44, p.
400; V. 46, a. 386.
Columbus Sc
Hocking Coal Sc Iron Co.—The company was
organized at Columbus, O., Jan. 26, 1883, and its general ottices are at
Columbus, O.; Mr. Percival Farquliar, President. Tho N. Y. office is at 10
Wall St.
Ttie Central Trust Co. of N. Y. is trustee of tho mortgage.
After May 1,1888, two cents on every ton of coal from the mortgaged
premises goes to a sinking fund; bonds tendered may be purchased at
not above 105.
The company owns large
coal and iron properties, with
annual report for 1887 in V. 46, p. 253, gave the following information: extensive works thereon, in Ohio, and a full description of these was
Income, 1887, $652,237; total expenses and interest to March, 1888,' published iu the Chronicle of Feb. 26, 1887, V. 44, p. 278. The total
$567,414; balance, $84,423.—(V. 44, p. 274; V. 46, p. 253.)
property and assets on Jan. 1, ’87, as per balance sheet, were $5,657,535.
American Cotton Oil Trust.—This is a “Trust” formed to conThe gross earuings. operating expenses and net earnings of the com¬
trol a large proportion of the cotton seed oil mills of the United States. pany from April 1, 1884, to April 1, 1883, were as follows :
The Board of Management consists of nine trustees, of whom three are
Gross earn’gs.
Oper. Exp. Net earn’gs.
elected each year. The title deeds of the several properties owned are
^
^
^
deposited with the trustees, who issue their trust certificates of $100
each, and these are dealt in at the Exchanges. Up to the close of the
year ending May 31,1887, the net earnings were $2,439,720, and the
balance of unsold products at close of the year were $3,878,660; cash on
hand, $757,819. Dividends of 1 per cent quarterly for the ensuing
year were declared, but in Oct., 1887, the company announced that
dividends would be suspended. N. Y. Office, 18 Broadway, N. Y.—
(V. 45, p. 25, 538, 564, 696.)
American Telegraph Sc Cable Co.—Owns two cables between
Bennon Cove, England, and Dover Bay, Nova Scotia. The stock of
$20,000,000 was 70 per cent paid up, and in April, 1882, a pooling ar¬
rangement was made with the other cable companies for 38 years, by
which this company receives 22Lj per cent of combined revenues while
both its cables are working and 12*9 per cent if only one is working,
whioh percentages hold good for one year after any breaking of the
cables; if not repaired within that time the percentages are reduced
according to the time that the cables remain broken. Then this com¬
pany’s cables were leased to Western Union for 50 years, with a guar
anty of 5 per cent per annum on the stock issued—$14,000,000.
Cameron Iron Sc Coal Co.—This company was organized by let¬
ters patent of the State of Pa., and tiled its certificate Dec. 7, 1886.
The lands and propei ty are near Emporium, Pa., and formerly belonged
to the Cameron Coal Co. Nicholas C. Miller, President, N. Y. See V.
44, p. 117, 149, 184.
Canton (Improvement) Company (Balt.)—The capital stock,
by changes made subsequent to tho original issue, became prac¬
tically only $16 25 par per share, and was reduced by purchase
The company owned the stock of
guaranteed its bonds, but sold this stock ($600,000) to the Northern Central RR. in April, 1882, for $594,000. The
Union RR. sinking fund of $689,885 remained the property of Canton
Co., but is held by the trustees till bonds have teen paid off at matu¬
rity. The last of Cauton Co. bonds weie paid July, 1886.
Central Sc South Am. Telegraph.—Line from Vera Cruz, Mexico,
to Cliorrillos, Peru, with branches, 3,u>0 miles of cable and 335 miles of
land lines.
Completed November, 1882.
Connects at Lima with West
Coast Tel. Co. of America, having 1,700 miles of cable to Valparaiso,
and at Vera Cruz with Mexican Telegraph Co. Stock is $5,000,000; no
bonds.
In 1w87 gross earnings were +451,603; net, $315,638; surplus
and cancellation to 41,300 shares.
hhe Union KR. Co. and
over
divi
ends (6 per cent),
$75,242.
Total surplus Dee. 31, 1887,
James A. Scrymser, Pres’t, N. Y. (V. 44, p. 274.)
Colorado Coal Sc Iron.—This company, with headquarters at Col-,
orado Springs, Col., was a consolidation Dee. 13, 1879, of the Central
Colorado Improvement Co., the Colorado Coal <te Steel Works and the
fiontnem Colorado Coal & Town Co. Stock is non-assessable. In Nov.,
1887, a decision in regard to certain land titles was made in favor of
$201,001.
this Co.
An abstract of the report of 1887 was in Y. 46, p. 386, showing gross
earnings and net income as below stated.
EARNINGS AND EXPENSES.
>
1886.
Gross
\
Net
—
Net
Earnings.
$323,531
24,953
5,140
$285,400 $1,391,057
35,749 1,392,149
loss 976
8,308
29,143
5,140
6,527
$1,917,449
$333,611 $2,818,876
$548,581
$1,197,270
690,086
Iron and steel dep’t
Iron mines dep’t
Beal estate dep’t
Miscellaneous earn’gs
Total
1887.
Gross
Earnings.
Earnings. Earnings.
Coal & coke department.
/■■■■
209,410
loss 236
9,350
6,526
INCOME ACCOUNT.
1886.
1887.
Add income from i nvestmeuts, &c
Total
Less interest on bonds
Less premium on bonds
Surplus...,
Increase over p--t*' \o is year
Royalties earned, included in oper. expenses...
$333,611
8.650
$548,581
4,433
$342, Z61
$553,014
$209,940
$209,940
$209,940
Net earuings
$210,720
780
$132,321 $342,294
$106,577 $209,973
$60,657 $96,019
1, ’84, to April 1, ’85..
800,584 90
700,041 91 100,542 96
I, ’85, to April 1, ’86.. 1,220,924 37 1,060,505 88 160,418 49
1,’86, to April 1.’87.. 1,442,295 00 1,278,075 00 164.220 00
April 1, ’87, to April 1, ’88... 1,320,553 00 1,148,046 00 172,511 00
-(V. 44, p. 278, 553; V. 46, p. 172, 573.)
Commercial Cable Co.—This is popularly known as tho Maokay
April
April
April
In September, 1887, the stock was raised from
Bennett Cable Co.
$4,000,000 to $6,000,000.
Consolidated Gas of New York.—This company was organized
Nov. 11,1884, under chapter 367, laws of New York, 1834. The com¬
panies merged in it were the New York Gaslight, the Municipal Gas¬
light,the Metropolitan Gaslight, the Manhattan Gaslight, the Knicker¬
bocker Gaslight and the Harlem Gaslight. The total stock was $39,078,000, of whioh $3,647,940 was reserved for working capital and
for indebtedness of old companies.
(V. 46, p. 418,537.)
Consolidation Coal.—Annual report for 1887 was in V. 46, p. 253.
The gross receipts from mines, railroads, rents,
1887.
1886.
«fcc. (inel’g value of st’ok of coal on hand), were.$2,039,427 $2,373,083
Tot. expen’s of every kind (excl. of int. &sink. fd.,
but incl. steel rails & all extraordin’ry outlays). 1,783,442
1,949,253
Net receipts
$423,829
$255,985
The int. and sink. fd. in 1887 took $162,138; balance, surplus, $261,690.
This company guarantees also 2d inortg. bonds of the Cumberland &
Pennsylvania RR.. which it owns, and assumes $135,000 of the Union
Mining Co.’s bonds. Total bonded debt on lauus and railroads is $2, 326,500. (V. 44, p. 210; V, 46, p. 253.)
Detroit Mackinac Sc Marquette Laud Grant Bonds.—Owns
about 1,300,000 acres of land in Northern Michigan, along the line of
the D. M. *fc M. RR., which road was sold in foi ©closure Oct. 20,1886. The
land grant bonds retained their lieu upon the lauds coveivd by their
mortgage. Tho boi dhoklers received a bonus of 35 per cent iu com¬
mon
stock of the Duluth South Shore & Atlantic RR. Co. in March,
1888. On June 1, 1888, tho trustees offer to purchase $100 000 bonds
pursuant to the mot tgage. Lamls are free from taxation till 1895. Jas.
McMillan, Detroit, President.—(V. 46, p. 320, 573.)
Equitable Gas Liglit Co.—Incorporated March 9, 1^82. Owns
three him ks between 39th and 42d St*.. First Ave. and East River; also
32 lots between 58th and 59th Sts. and 10th and 1 ltli Aves. Total assets,
Jan. 1, 1888, $5,536,714; mains about 95 miles; gas works valued at
$2,076,447; real estate at $1,159,265. There were also Jail. 1, 1888,
$750,OoO 6 per cent certificates of indebtedness, redeemable 1891, due
1896.
It was voted in December, 1887, to issue $1,000,000 new stock,
included above.
International Ocean Telegraph Co.—The Western Union Co.
operates the line oy contract for 99 years from Jan. 1, 1882, paying 6
per cent per year on stock.
Gold Sc Stock Telegrapli Co.—Operated by West. Un. Tel. Co. by
contract for 99 years from Jan. 1, '82, at 6 per cent per annum on stock
and bonds.
Iron Steamboat Co.—Property consists of seven iron steamboats.
Bonds and stock listed in June, 1882. Stock, $2,000,000. Iu year end*
but this amouut is not
ingSept 30, 1887, gross receipts were $365,808;. net, $30,017; divi¬
dends, 2L> ptr cent, (V. 43 p. 452; V. 45, p. 642.)
Leliigli Sc Wilkesbarre Coal.—This company was organized Feb.
6, 1874. It is controlled by the Central RR. of New Jersey through
ownership of a majority of the stock, and the Central of New Jersey
owns $6,116,000 of the consol, mortgage bonds and $2,353,000 of the
income bonds. The L. & W. Coal Co. also assumes and counts as part of
its funded debt $685,500 bonds due 1894, and $500,000 bonds due 1897,
of the Lehigh Coal & Nav. Co. The company was iu re<- iver’s hands
with Central of New Jersey, and in March, 1882, the receiver was dis¬
charged and property returned to its stockholders. Bonds (1838-1912—
Trustee, Fidelity Insurance Company of Philadelphia) were issued to
retire others maturing. They are a 1st mort. except as to one piece of
property. A sinking fund for their redemption at maturity is provided
from sales of surface lands and from payment of 10 cents for each ton
of coal mined on property included in the first lien. Tho annual report
for 1887 was in V. 46, p. 227, and showed total receipts, $9,370,271;
net over operating expenses, $1,556,580,—(V. 44, p, 274; V. 46, p.
227, 537.)
Logan.
\Eaile
Pulaski,
N
Chios a!
nra
T^^Moro
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TRINIDAI
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Cr.
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mmm mmmmm m
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emmmm■ • ■■■• • mmm m mmmmmmm
m wmmm m mmmmm mmmmm*
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—!—
H
R
MAP OF THE
"O/;-
.Sapel
A.
I
Tipton^ille
MAXWELL LAND GRANT
k'x^i Romero
nvpt>
COMPANY ESTATE
'SS
M
.;l
G
U
!N
vr*
NEW
MEXICO
&
COLORADO
Garrison 'Mt.
CO
Shaded Section indicates Maxwell Land Grant
/
CD
Xos Cecilia?
Ortiz''
Area
/
San Miguel/
C&L
~
^uLT
S
N
•
/■Wagon
.Mound
\
Rinconoi
/y
L
r
fCe.bollas
AityWq, -M% XYTezttque
*
MatTb{A^O
|
a •w
i
i
’Kv*^
■
'Wi
(o\1
\
\L
SW?ar.\vcll
■
£«Ay’
■p.
<J5>1
Jui
w
1,71JAcres.
Mi
m
■;]! I
Subscribers will coufer a
great favor by giving
explanation of column headings, &c., see
page of tables.
notes on first
Lehigh dS Wilkesbarre Goal—Stock
bterliug loan, sinking fund, drawn at 100
Mortgage loans
Consol, mort. ($6,116,000 of this held by Cent,
Sundry mortgages
New mort., cumulative sinking
Marivosa Land db Mining—Stock
Telegraph—Stock
1875
.
e
c
1888
100
100
bonds, gold
c
4,400,000
1888
1881
1,000
100
50
'*50
6p. c., guar. West. Un.
Too
.«••••••••••
liel'd in s. f., but draw int... c
Philadelphia Company—(Natural Gas) Stock
Postal Telegraph Cable Go—Stock
Poughkeepsie Bridge.— 1st mort., gold, for $5,000,000...c*
J.
250,000
100
1.000
500
100
100
25
100
1880
1,000
100
50
50
1886
1*000
-
J.
2,500,0( 0
1,434,400
5,000.000
2,500,000
5,000,000
3,000,000
1,500,000
1,006,103
2,500,000
1,180,000
7,000,000
850,000
5,000,000
20,000,000
5,000,000
13,333,000
5,000,000
5,000,000
New York & London.
May 1, 1899
N. Y., 119
do
do
do
N.
Liberty Sr.
June
i*35
N.Y.Office,1 Broadway.
New York, Office.
*AJ.
N. Y., West. Un. Tel. Co.
M. A N. New York, 1st Nat. Bk.
N. Y.t 52 Broadway.
Q—F.
J.
New York Office.
J.
J.
*A**J.
& J.
N. Y. West. Un. Tel. Co.
do
do
J. AD. N.Y., Company’s
1,
*1912
1,*
N. Y.,
Broadway.
A J. N.Y. Lond.A Amst’dam.
i, *1*900
Nov.
do
do
do
New York.
N.
Q.- J.
Stocks—Last
Dividend.
&**J.
M.*&
152,000
pal,When Due.
Payable, and by
Whom.
Payable
M.*&
5,000,000
1,000
Where
When
Q.-M.
2,900,000
10,000,000
1,000
1875
•«.••••>••••••
...
discovered in tliese Tables.
Bonds—Prim i-
M. & N.
331,711
Co.—Stock
Preferred stock
1st M., g., sink. id. j $343,000
Fad tic Mail Steamship—Stock
Pennsylvania CoaL-Stock
Rate pei
Cent.
1,673,000
259,999
11,500,000
1,000
of N. J.)c
sink.fd.
Oregon Improvement
Outstanding
£200
2few Central Coal—Stock
N. Y. Mutual Tel—Stock, guar. 6 p.c.,99yrs.,byWest.Un
1st mort., gold, guar, by W. Un., $50,000 cum.
.c
Yew York <k Perry Goal <& Iron Co.—Stock
New York & Texas Land (Limited)—Stock
Land scrip receivable 75 per cent for lands
Northwestern Tel—Stock, 4 rising to
Bonds, interest guaranteed
Amount
$8,700,000
1874
Preferred stock
Mexican
Immediate notice of any error
Date
Size, or
Par
of
Bonds Value.
c
c
fund (not drawn)
Mortgage bonds
Maryland Coal—Stock
Bond, drawn at 100
Maxwell Land Grant Co.-Prior lien
[VOL. XLVI.
INTEREST OR DIVIDENDS.
DESCRIPTION.
Yor
SUPPLEMENT.
INVESTORS’
128
1886
Jan.
Jan. 1,
Nov. 1,
Jan. 1,
1876
1906
1913
Apr. 14, 1888
Apr. 10, 1888
Jan., 1888
May 1, 1911
10,1888
Aug. 9, 1887
Feb.
Jan.
Jan.
*1, 1888
1, 1904
Sept. 15, 1883
Office. Dec! ’ 1,
*1910
Sept. 15, 1887
N. Y., 1 Broadway.
May 1,1888
Q.—*F.
M’thly Pittsburg, 935 Penn Av. May 25r 1888
6 g.
City*'Mei c* Tr.
F. A A. N. Y.
Co.
Aug.'i;
1936
/
Mariposa Land Sc Mining.—There are outstanding
shares, the balanoe being owned by company. Litigation
progress many years and nothing done on the estate.
Maryland Coal Co.—No late
only 15,000
has been in
reports.
Maxwell Land Grant Co.—(See Map).—Owns 1,700,000 acres in
Colorado and New Mexico containing coal, timber and land fit for
EXPENSES.
1884-85.
...
1885-86.
1886-87.
$579,028
1,100,506
$608,065
1,080,241
737,392
194,718
Atlantic Line
Panama Line
Trans-Pacitie Line
Australian Line
714,100
149,490
$690,166
1,357,949
682,S21
413,185
*457,367
4*35,83*8
184,309
Agencies
Miscellaneous expenses.
170,191
171,064
agricultural purposes. The estate is traversed by the
Atchison Topeka A Santa Fe Railroad from north to south, and the
Total
$3,209,138 $3,179,454 $3,337,838
Denver A Fort Worth Railroad.
The prior lien bonds are authorized
Net earnings
$1,617,055 $1,300,485
$295,533
for $3,000,000, payable at 110 at maturity, or redeemable at par from
No balance sheet to April 30, ’87, was given in the annual report. Geo.
proceeds of land sales. The inc. mort. bonds are deposited as collateral J. Gould, President. (V. 43, p. 368 ; V. 44, p. 212, 680; V. 45, p. 240,
security for the 1st mort. bonds. The management of the property, un¬ 272,473,727.)
til the date when all prior lien bonds will be paid eff, is placed in the
Philadelphia Company.—The edmpany was incorporated by
hands of a board of trustees. President Board of Trustees, R. V. Martinsen, 46 Broadway, New York.
The advertisement in Chronicle of special act in Pennsylvania, March 20, 1871, as the Empire Contract
Company, and toon the present name June 11, 1884.
In 1887 the
March 3, 1888, gave much information concerning the company.
Chartiers Company was leased for 99 years at a rental of 30 per cent of
Mexican Telegraph.—Company organized in 1878 under laws of Philadelphia company’s net earnings monthly. The Philadelphia com¬
New York State. Has a cable from Galveston to Tampico and Vera pany oontrols a large share of the natural gas production about Pitts¬
Cruz, 738 miles; land line, Vera Cruz to Mexico City, 267 miles. burg and vicinity, owning or leasing a large quantity of gas territory
Has exclusive right for 50 years for all foreign telegrams to Mexico,
and 700 miles of pipe*. The company began to pay dividends in Oct.,
except telegrams to and from a neutral zone on the United States 1885. Geo. Westinghouse, Jr., President, Pittsburg. (V. 44, p. 744 ; V.
border 156 miles wide, between the Gulf and Pacific Ocean.
Company 45, p. 292, 438; V. 46, i>. 76.)
owns 1,362 shares of the Central A South American Telegraph Co. Rev¬
Postal Telegraph Cable.—The name of the Postal Telegraph Co.
enues in ’87, $268,167;
expenses, $60,679; dividends, 10 p. c., $143 ,
was changed November, 1883.
(See V. 37, p. 564). The Postal Tele¬
440; surplus, $64,047; total surplus Dec. 31, 1887, $132,793. Capital
graph Company sold all its property and franchises to the Postal Tele¬
stocK is $1,500,000. Jas. A. Sorymser, Prest.. N. Y.
(V. 44, p. 274.)
graph Cable Co., which was organized under the laws of this State
In May, 1885, receivers were appointed,
New Central Coal (Md.)—The annual report for 1887, in V. 46, p. expressly for this purpose.
174, showed net profits for year of $38,668 ; and balance to credit of and a scheme for reorganization of the Postal Telegraph Cable Co. was
profit and loss Dec. 31, 1887, of $241,353, against $252,681 Dec. 31, proposed, as stated in V. 40, p. 626, 645, by which this company has no
1886; dividend 1 per cent ($50,000), paid March, 1887. (V. 44, p. 274; bonded debt, and stock for $5,000,000 ouly. The old bonds took new
stock for 35 per cent of their face, and the old stock 5 per cent of its
V. 46, p. 170.)
grazing and
amoiu
t in now.
Foreclosure suit begun by Farmers’ Loan & Trust
Telegrapli.—The Mutual Union Telegraph Cn. Nov 1885, and sale cook place Jan. 15, 1886. A. B. Chandler,
organized under New York State laws. Stock wa $600,000 and President, New York. (V. 43, p. 125.)
afterward increased to $10,000,000. In Feb., 1883, a lease to Western
Poughkeepsie Bridge Co.—Chartered in 1871 to build a railroad
Union for 99 years was agreed, to at l1^ per cent yearly dividends on
bridge across the Hudson River at Poughkeepsie. Active operations to
the stock and interest on tlie bonds. The organization was changed to
the New York Mutual Telegraph Company and tiie stock was reduced to complete the work were begun iu 1886, and contract made with Union
Bri ige Co., the bridge to be ready for traffio in 1888. Capital stock,
$2, 500,000, carrying dividends of 6 per cent per annum. After 1885 a
value.
sinking fund of $50,000 yearly purchases bonds, if possible, at 110; $5,000,000; parVol. 45, $100. Abstract of mortgage (Mercantile Trust
Co. Trustee) in
p. 275. N. Y. Office, 15 Broad Street.
(V. 45, p.
New York
Mutual
,
Co. was
otherwise is invested.
organized
N. Y. Sc Perry;Coal Sc Iron Co.—This company was
ander the laws of New York in June, 1885, as a reorganization of the
N. Y. A Btiaitsville Coal & Iron Co., which was foreclosed. The assets,
$3,476,468, and stock was
iu the Chron¬
(V. 44, p. 744;
Griggs, Brest.
as per balance sheet on June 20,1887, were
Increased to $3,000,000. A full exhibit was published
icle, V. 45, p. 81. Dividends of 4*9 percent paid in 1887
V. 45, p. 55, 81.) Office, 52 Broadway, N. Y. city; C. R.
New York Sc Texas Land—This company took the lands granted
to the International and Houston A Great Northern railroads, about
5.000,000 acres, which were given in settlement to the holders of con-
rertible and 2d mort. bonds.
June 30,1887, had 2,303,971 acres unsold.
-(V. 44, p. 527.)
Northwestern Telegraph.—This company owns 8,000 miles of
wire and is leased to Western Union for 99 years, with guaranteed divi¬
dends of 4 per cent at first, rising one-eiglith per cent a year to 6 in
la97 and afterward. The bond interest is guaranteed.
275, 401, 473.)
Pullman Palace Car.—Thestock has been increased from time to
time to provide new capital, as wanted, since the price, ruling above
par. gave a bonus to stockholders when subscribing for new stock;
an increase of 25 per cent was voted at the meeting in Oot., 1887, and
is included iu the amount out.staudiug above.
Fiscal year ends July, 31; report for 1886-7 was In V. 45, p. 538.
INCOME ACCOUNT.
18S4-85.
Revenue—
1886-87.
$
4,946,151
included)
667,477
royalties, inaniif. profits, Ac..
5,075.383
548,139
5,621,018
819,914
5,613,623
5,623,513
6,440,932
1,949,655
2,057,627
2,224,807
Earuings (leased lines
Patent
1885-86.
$
$
Total revenue....;
Disbursements—
Operating expenses, including legal,
general taxes and insurance (leased
i
lines included)
Paid other sleeping-ear
associations
Co.—This company owns $3,000,0: >0 stock
802,176
969,896
708,005
controlled and operated
Co.; $575,000 stock of the Coin-tibia & Rentals of leased lines
162,529
66,000
66,000
Puget Sound RK.; $1,9-0,000 stock of the Pacific Coast S. S. Co. Coupon interest on bonds
168,050
159,150
171,453
The $2,000,000 pref. stock to pay for improvements, Ac., was ottered to
1,273,962 1,274,028 1,274,176
Dividends on capital stock
stockholders in June, 1887, and again in January, 1888, but onlv about
210,018
Repairs of cars in excess of mileage..
one-half was taken. For year ending Nov. 30, 1886. gross earnings,
100,000
100,000
Contingency account
$2,946,107; net, $725,434. In 1880 7, gross, $1,060,971; net, $1,131,.
Oregon Improvement
of the Seattle Coal A#Transp.
........
19
From Dec. 1, 1887, to Feb. 29, 1888 (3 mos.), gross earnings were
$i.098,>-29, against $760,411 in 1S86-7; net, $180,459, against $105,il). See annual report in Chkonijle. V. 46,p. 4is.
(V. 44, p. 91, 212,
154, 752, 809 ; V. 45, p. 53, 84, 211, 369, 509 ; V. 46, p. 70, 41 8.)
Total disbursements
Net result
-(V. 45, p. 509, 538, 696.)
Pacific Mail Steamship.—The Pacific Railroads give tothesteamfiiip company a guaranty of $65,000 minimum net earnings per month
per annum,
4,365,604
1,248,034
4,467,881
1,155,631
4,904,047
1,536,885
Quicksilver Mining.—The preferred stock is entitled to 7 per ct.
not cumulative, and any surplus goes to the common and
preferred equally. See annual report for 1886-87 in V. 45, p. 83, show¬
on competitive business.
ing net income for the year of $178,448; (V. 43, p. 72; V. 45, p. 83,
Prices of stock yearly since 1S80 have been:
In 1880, 2713®62 ; in
8t. Louis Bridge Sc Tunnel Railroad.—The railroad and tunnel
1S.81,39S»62*4; in 1882. 32^0483*; in 1883, 28<2>U-%; in 18-4, 31® were sold under the mortgage of 1873, July 1, 1878. Foreclosure under
57*e; in 1885. 46^®70; in 1886, 45-\®07; in 1887, 32>4^58^; in
the first and second mortgages on the bridge was made Dec. 20, 1878.
lb"8 to May 18 inclusive, 2819^38%.
On July 1, 1881, the bridge and Tunnel Railroad were leased to the Mo.
Fiscal year ends April 30; report for 1886-7 was in V. 45, p. 680.
Pacific and Wabash St. Louis A Pacific for the term of their cor¬
EARNINGS.
porate charters, on the terms following, viz.: Of the stock $2,490,000
1884-85
1886-87. first preferred, by the terms of the lease, is guaranteed 6 per cent;
1885-86.
$957,K10
Atlantic Line
$1,016,172
$766,080 $3,000,000 second preferred is guaranteed 3 per cent per annum.
1,848,781
1.308,882 The railroad stock of $1,250,000 is guaranteed 6 per cent a year.
Paiiiiina Line
1.603,536
Trans-Pacific Line
1,547,225
1,534,272
1,282,317 The whole annual charge for rentals is $670,000, one-half payable by
Missouri Pacific and one-half by Wabash. The common stock was held
Australian Line
159,066
166,414
fcuosidles and other sources
254,949
217,906
216,092 by the London Reorganization Committee, and under the lease was
transferred to Mercantile Trust Company of N. Y. with power to vote
Total
$4,826,193 $4,479,939 $3,633,371 thereon. In che year ending Dec. 31,1887, gross earnings were $1,714,-
DESCRIPTION.
explanation of column headings, Ac., see notes on
page
of tables.
first
Date
Size, or
of
Par
Bonds Value.
Sterling Iron <£ Raihcay.—Stock
Mortgage bonds, income, series “B”
Plain income bonds
Sterling Mountain RR.—1st mort. income guar
•
•
c
•
•
1879
c
Telegraph—Stock (guar. 5 per cent.)..
.....c
c
•
....
Tennessee Goal Iron tfi RR. Co —Stock
Pratt Coal A. Iron Co., Ala., 1st mortgage, sink, fund—
Alice Furnace Co., Ala., 1st bonds
Birm’m, Ala., Div., cons. M., g. s. f. 1 p. c. not drawn..o*
Tennessee Div. bonds, gold, sink, fund l^p. c. yearly.c*
United Lines Telegraph—Stock
Payable
of $300,000)
c
•
1,000
1,000
1865-972403./
(?)
10,000,000
6,250,000
86,200,000
ioo
100
100
^
1,000
1,000
£100Ao
1888
surplus over interest, guar, dividends, etc., $49,336.
earnings, $1,564,23 2; net, $836,799; charges, $859,027;
deficit $22,228—caused by Southwest strike. (V. 46, p. 255, 471)
592; net, $903,962;
In 1886 gross
Southern Sc Atlantic.—Lines leased to Western Union and stook
guaranteed by the rental, 5 per cent per annum.
Railway.—The property of this company, in
25,000
Orange County N. Y., (and a few acres in Rockland) consists of
acres of land, with furnaces, Ac., having a capacity of 15,000 tons of
pig iron per year, and 7 k miles of railroad, houses, Ac.
company
endorses the $471,674 bonds of the Sterling Mountain Railway. Inter¬
est of 3 per cent was paid on the income bonds of the Sterling Mo.
Railway and the Sterling Iron A Railway Cos. Feb. 1, 1883. A. W.
The
J.
7 g.
3
2k
pal,When Due.
and by
Where Payable
Whom.
Stocks—Last
Dividend.
L. A T. Co. May 15, 1888
do
Aug. 15, 1892
Oct. 15, 1888
do
May, 1882
N.Y.,Office,20Nassau?t. April 1, 1888
N. Y., Farm
do
do
J. N. Y., Drexei, M. A Co.
do
do
J.
O. New York and London.
J. N. Y., Drexei, M. A Co.
0. N.Y., West, Union Tel.
Feb. 1
7
6
7
997,863
10,000,000
715,000
300,000
3,403,000
1,160,000
1,000
Western Union Telegraph—Stock
1872
Real estate bds.,g.,(lien ouW.U.Bldg.,N.Y.C.) s.f.(not dr.)
1875
Bonds, sinking fund 1 per cent, drawn at 100
c & r 1875
.
A
A
A. A
J. A
A. A
J.
1*3
Jan., 1888
Jan., 1888
April 1, 1928
Jan. 1, 1888
April, 1888
N.Y. Office 45 William st
April 1, 1894
N.Y.Office 15 William at
July 7,1895
Oct. 1. 1896
...
Feb. 1
20,000,000
1,000
1885
Q.-F.
A. A O.
3
i
M. A N.
7
7
A. A O.
6 g.
J.
6 g.
3,000,000
1,200,000
Express—Stock
ct., drawn at 100
2
8
7
40o.
2
495,575
475,674
ioo
1883
1882
1887
1887
.
Sterling Iron Sc
Cent.
418,000
1,000
United States Express—Stock
New consol, mort
’When
■
500 Ac.
1,000
1880
1876
1881
1877
Sterling bonds, sinking fund lp.
•
10
Tunnel—Stock
Mortgage (no bonds)
Wells, Fargo «£ Company
Outstanding
Rate per
$100 $19,909,000
820.000
1,000
955,000
1,000
100
5,708,700
100
4,291.300
100
2,500,000
100
2,490,000
100
3,000,000
5,000,000
1,000
1,250,000
25
948,875
50
2,300,000
1872
1878
Quicksilver Mining—Common stock
Preferred 7 per cent stock, not cumulative
8t. Louis Bridge dt Tunnel RR — Bridge stook, common
1st preferred stock, guar, by Mo. Pac. and Wab
2d preferred stock, guar
1st mortgage, new, sinking fund
Tunnel RR. of St. Louis, stock, guar
1st mortgage (subject to old lien
2d mortgage (for $3,600,000)
Amount
.
Pullman Palace Gar—Stock
Bonds, 4th series
Bonds, debenture
Qutro
B onds—Prinol -
INTEREST OR DIVIDENDS.
'
\
discovered in tbese Tables.
by giving immediate notice of any error
Subscribers will confer a great favor
Southern <£ Atlantic
129
MISCELLANEOUS STOCKS AND BONDS
May, 1888.]
A. A O.
A J.
Jan. 1, 1891
London.
N. Y. Fourth Nat. Bank May 14, 1887
Nov. 1,1903
do
do
1892 to 1902
do
do
Jan. 1, 1917
do
do
Jan. 1, 1917
do
do
6*
1*4
4
1915
duo July 1, ’87
Y., Office, 82 B’way. May 15. 1888
1st coup,
3, 4,5
Q.-F.
N.
A J. N. Y., Office. 63 B’way. Jan. 16,1888
New Yoric, Office.
April 16, 1888
May 1,1902
M. A N. N. Y., Union Trust Co.
May 1,1900
M. A N. N. Y., Treasurer’s Office
M. A S. London, Morton, R. A Co March 1,1900
J.
Ik
1,336,000
4,876,000
7 g-
881,324
6 g.
5
rr
4
Q.-J.
March, 1887
per cent in scrip, as per statement in Y. 42, p. 339, aud in
voted to issue $1,200,000 stock to take up this scrip, and new bonds
to retire the stocks of several of the leased liues having guar, rentals.
Cash dividends were resumed at 1 per cent quarterly in July, 1887.
In October, 1887, the Baltimore A Ohio Telegraph Co. was
puroliased
by the W. U. <$3,875,000 of its stock) for 50,000 shares of W. U. stock
and $80,000 per annum as rental for 50 years. The mileage of wire
transferred by B. A O. to W. U. Tel. Co. was as follows:
Owned, 52,603
miles; leased. 1,504, controlled, 4,480. Number of offioes taken over
about 1,000, of which 250 were not duplicated by the W. U.
The statement for the quarter ending March 31,1888 (partly estimated)
was as follows, compared with the actual figures for same quar. iu 1887:
Smarter ending March 31
1887.
Estimated, 188 8. ».
William Street, N. Y.
$1,250,000
$787,583
Net revenue
Tunnel.—Tunnel on Comstock Lode for facilitating mining
Deduct—
operations. Receipts in 1887-8 $268,147; expenses, $119,056 ; interest Interest on bonds
$123,470
!$122,652
paid, $118,947. Receipts in 1886-7 $266,553; expenses, $76,715; in¬
20,000
19,991
terest paid, $13,964. Suit for foreclosure is pendiug the total claim Sinking fund
142,652
143,461
with interest, being over $2,000,000, but the managers obtained an
offer to settle for about $L,000,000, and offered mortgage income bonds
$1,107,348
at 50 in payment for an assessment on the stock. See references below. Net income
$644,122
1,077,351
-(V. 43, p. 191; V. 44, p. 91; V. 45, p. 8 4, 509, 696, 8 47 ; V. 46, p. 125.) Less dividend (lk per cent)...
Tenn. Coal Iron Sc RR. Co.—This company, organized in 1881,
$29,997
$614,122
acquired the properties of the Sewanee Mining Co., the Southern Balance for quarter
7,393,714
States Coal Iron A Land Co., m Tenn., the Pratt Coal A Iron Co. in Ala¬
Add nominal surplus ou Dec. 31
6,171,810
bama, and other valuable properties consisting of blast furnaces, coal
Humphreys, President, 45
Sutro
mines, iron mines,
foundries, Ac., and large tracts of coal and iron
in Tenn. and Alabama. See a full statement of the property
245. Of the Birmingham Division bonds $1,000,000 are
retire prior issues at maturity.
The prior
on
of the property arc about all refun led into the above new
Div. bonds, due 1917. There remained
lands
in V. 44, p.
reserved to
the Tenn. portion
bonds
issue of Tenn.
outstanding Dec. 31, 1887,
$176,000 in bonds of small amounts, and sinking funds tl.en held
amounted to $688,808. To stockholders of June 27, 1888, the company
offers the privilege of taking 10 1-10 of their holdings in new 8 percent
pref. stock at 90 and selling to the company 8 4-10 of their holdings at
30, this being equivalent to a contribution of $6 57 per share. In year
ending Jan. 31, 1888, gross receipts were $765,376; surplus over
charges, $87,097; dividends (1 p. ct.), $100,300. (V. 44, p. 91, 245,
204, 235, 245, 401, 499, 809; V. 45, p. 105, 273, 643 ; V. 46, p. 134,
245, 510, 539, 574.)
formed
in
Tel., sold in
'foreclosure July 31, 1885, subject to prior mort. of about $300,000. See
account of sale and list of property sold in Chronicle, V. 41, p. 122.
In
Nov., 18S6, C. P. Farrell of N. Y. was appointed receiver of the B. A M.
property in Penn., and afterward appointed for N. J. and Conn.
The Bankers’ A Merchants’ was sold in foreclosure
(see V. 41, p. 122), and the plan of reorganization
July 31, 1885
embraced the
following points: The formation of a successor company with a capi¬
tal stock of not more than $3,000,000. First mortgage by the new
$1,200,-
company on all of the property under which not more than
000 of bonds aro to bo issued, with interest thereon at 6 per cent.
Second mortgage by the new company on all of the property
which not more than $3,600,000 of bonds are to bo issued; the interest
on these second mortgage bonds, however, did not begin to run until
the 1st of January, 1887, aud then for the first two years only at 3 per
under
cent, for the next two years at 4 per
cent, and thereafter at 5 per cent.
general mortgage bonds outstanding were to receive a now $500
bond for each $1,000 bond, being scaled one-half. The stock to receive
one new
share in
plement of
$6,815,932
Nominal surplus March 31 ...
Fiscal year ends June 30; report for 1836-87 was m V.
1884-85.
1885-86.
$17,706,834
$8,544,554
1,822,543
1,146,871
301,732
190,210
Equipment of offices and wires.
exchange for four old shares.
Dec., 1886, and prior issues, for
(See Investors’ Sup¬
further information.)
Everything lias been held in check by litigation, aud the lines have
been operated under contract by the Postal Telegraph Co.—(V. 43, p. 66,
164, 264, 387, 488, 546. 608, 693.)
$3,510,658
1,892,347
Operating and gen. expenses
Lake Erie A West. RR. Co.
(V. 46, p. 371.)
Western Union Telegrapli.—On the practical consolidation with
the Atlantic A Pacitic in 1878 the Western Union had a monopol v of tele¬
graphing business in the United States. In 1879 the American Union
opposition liue was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stock, making a scrip dividend
of 17 ner cent to stockholders of record June 20, 1879.
On Jan. 19,
1881, was dated the grand consolidation, in which the Western Union
raised its stock to $80,000,000, giving par, or $15,000,000, for the stock
and bonds of the American Union; 60 per cent for old Atlantic A Pacific
stock was given in new Western Union; and a stock distribution of 38
per cent to Western Union shareholders. An injunction was obtained
against the stock distribution and litigation ensued, and the stock div’d
w»s finally held to he legal by the N. Y. Court of Appeals in Oct., 1883.
The Mutual Union Telegraph made an opposition line, but in Feb., 1883,
alease was agreed upon. The Westren Union also leases the Am. Cable,
'•with a guarantee of 5 per cent per annum on its stock of $14,000,000.
In March, 1886, the company decided to pay the April dividend of lk
..
Rentals of leased lines
Maintenance A reconstruction.
Taxes
Disbursements—
$9,077,445
1,899,954
1,673,670
278,594
224,965
1,273,125
499,592
203,061
$4,999,325
39,991
Surplus July 1 (begin’gof yr.)..
Balance of profits for year
June
493,074
39,991
494,461
$3,934,025
$166,536 def. $14,169
$4,324,004
$4,157,469
def. 14,169
166,535
$1,344,929
$2,692,353
$4,309,835
$7,002,188
$5,534,389
Total disbursements
Balance of profits
$811,884
$3,399,573
495,072
39,992
For dividends
For Interest on bonds
For sinking funds...
Total nominal surplus
30 (end of year)
1886-87.
$17,191,910
$12,005,910 $12,378,783 $13,154,628
$3,919,856 $4,037,282
$5,700,925
Total expenses...
$4,324,004
$4,309,835
2,692,353
Sinking funds June 30, 1887, contained $364,893.
The range in prices of stocks for a series of years has been: In 1881,
77®94; in 1882, 76%3>933s; in 1883, 71ka>3Sk; iu 1881. 49®78k;
in 1885, 53^^8138; in 1886, 60k®80k; iu 1887, 67k3817e; in 1888,
to May 18, inch, 70^8
7938.
The following statement shows the mileage of lines and wires, number
of offices, and traffic of the company, for each year from June 30, 1866,
to June 30, 1887:
Miles of Miles of No. of
Year. Poles A C’bi’s. Wire. Offices.
37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
71,585
72,833
73,532
76,955
81,002
1873-79.. 82.987
.
Express.—In Sept., 1887, the stock was increased
$3,060,000, raising it to $lo,( 00,000, and the B. A O. Express was pur¬
chased. (See V. 45, p. 305, 341, 438 )
Wells, Fargo Express.—No annual reports or information. In
March, 1888, this company bought out the Erie Express of the N. Y.
United States*
$7,423,711
45, p. 508.
$16,298,639
Revenues for the year
Expenses—
Profits
Liues
United
Telegraph.—This company was
August. 1885, as successor to the Bankers’ A Merchants’
The
,
1S79-80..
35,645
1880-81..110,340
1881-82..131,060
1882-83..144,294
Messages.
Reoeipts.
$
2,250
6,568,925
5,879,282
2,565
7,004,560
6,404,595
3,219
7,316,918
7,934,933
3,607
7,138,737
9,157,646
3,972
7,637,448
4,606 10,646,077
8,457,095
5,237 12,444,499
9,333,018
154,472 5,740 14,456,832
9,262,653
175,735 6,188 16,329,256
9,564,574
179,496 6,565 17,153,710
183,832 7,072 18,729,567 10,034,983
9,812,352
194,323 7,500 21,158,941
9,861,355
206,202 8,014 23,918,894
211,566 8,534 25,070,106 10,960.640
233,534 9,077 29,215,509 12,782,894
327,171 10,737 32,500,000 14,393,543
374,368 12,068 38,842,247 17 114 ^$5
432,726 12,917 41,181,177 19,454,902
450,571 13,761 42,076,226 19,632,939
462,283 14,184 42,096,583 17,706,833
489,607 15,142 43,289,807 16,298,638
524,641 15,658 47,394,530 17,191,910
75,686
85,291
97,594
104,584
112,191
121,151
137,190
145,037
1884-85.-147,500
1885-86.-151,832
1886-87.-156,814
-(V. 44, p. 344, 495, 553, 752
Profits.
•$
2.624.919
2,641,710
2,748,801
2,227,965
2,532,661
2,790,232
2,757,962
2.506.920
3,229,157
3,399,509
3,140,127
3,551,542
4,800,440
5,833,937
5,908,279
7.118,070
7,660,350
6,610,435
5,700,924
3,919,855
4,037 281
V 45, p. 69, 473, 508, 509, 643, 811.
V. 46, p. 352)
t
BANK, GAS, INSURANCE AND CITY RAILROAD STOCKS.
130
Capital.
Dividends.
Surplus
Companies.
Capital.
at latest
Companies.
dates.t
Par Amount.
.
J. & J.
M. & N.
8
7
j.
10
20
8
7
6
14
100
7
15
12
16
8
8
6
12
100
7
15
J.
J.
J.
J.
J.
A
A
A
A
A
J.
J.
J.
J.
491,100 Q,—J.
450,000
300,000 5,557,000 Bi-m’ly.
365,900 J. A J.
600,000
100 1,000,000 2,279,000 M. & N.
30,500
200,000
Chatham.... 25
Chemical... 100
Citizens’.... 25
City
Columbia*-
Commerce.. 100
COTnmfiT*r*ial.
5,o66’66o
3,214,900
j.
&
j.
Jan. ’88.
8
8
6
644,800
100
100,000
100
566,666 5,611,100 Q.-J.
100 3,200,000 1,395,100 J. & J.
50 1,000,000 1,209,000 A. A O.
203,100
50
200,000
75
198,400 F. & A.
750,000
100
337,300 Q.-F.
200,000
321.500 M. A N.
100
200,000
75,200 M. A N.
Greenwich*. 25
200,000
969,100 J. & J.
Hanover.... 100 1,000,000
Jan., ’88. 3b
May, ’88.10
Jan.,’88.
Jan.’, ’88.
Feb., ’88.
Jan. ,’88.
Jan.,’88.
Jan., ’88. 3
40
8
10
Apl., ’88.10
Jan., ’88. 4
Apl., ’88. 5
6
6
12
9
6
7
3
3
9
6
7
Feb., ’88
May, ’87.
5
May, ’88.
May, ’88. 3
Jan, ’88. 3ia
100,000
Leather Mfr.
Lenox Hill*.
T.inpnln
Madis’n Sq.*
Manhattan *
Mkt & Fult.
Mechanics’. 25 2,000,000 1,574,200 J.
131,700 J.
Mech. A Tr* 25
200,000
563,200 J.
Mercantile.. 100 1,000,000
790,000 J.
Merchants’. 50 2,000,000
141,000 J.
Merch. Ex..
50
600,000
Metropolis *. 100 300,000 380,100 J.
156,200 J.
Mt. Morris*. 100
100,000
234,800 Q.-J.
100,000
Murr’y Hill* 50
Nassau*
N. Amst’m*.
New YorK
N. Y. County
N. Y. N. Ex.
Ninth
..
500,000
148,700
250,000
100
Jan., ’87. 3
Feb.,’88. 3*a
3
7
8
8
6
7
8 r
8
8
6
7
6
J.
A.
J.
J.
J.
J.
J.
J.
J.
J.
Jan., ’88. 7
Jan., V.8. 4
Jan., ’88. 5
14
8
10
& J. ,14
8
& J.
& J. 10
&
&
&
&
&
&
&
A
A
A
Jan.,’88.14
Jan., ’88.
Jan., ’88. 3
Jan., ’88. 3ia
6
7
6
8
7^2
M. A N.
8
10
Jan., ’88, 4
Jan., ’88. 3
Apl.,’88. 4
8
j.
Jan.,’88. 3
6
16
10
8
1,800
&
8
67,000 J. A J.
200,000
6
116.700 F. & A.
100
300,000
7
100
263,700 J. A J.
750,000
Ninth Ave.*.
100,000
7,200
Nine’tliW’d*
100,000
6
325,200 J. A J.
N. America’' 70
700,000
8
101,700 J. & J.
North Riv’r* 30
240,000
331,100 J. & J. 10
Oriental*... 25
300,000
8
50
282,700 Q.-F
Pacific *
422,700
8
100 2,000,000 1,799,000 J. A J.
Park
185,300:J. A J. 10
200,000
People’s*... 1 25
6
Phenix
| 20 1,000,000 517,500 J. A J.
7
124,000!A. A O.
Prod. Exch.* 100 1,000,000
0
Republic.... 1 100 1.500,000 772,300 J. & J.
2.800
River Side*.
100,000
6
223,900 J. A J.
8t. Nicholas* 100
500,000
5
100
130,200 J. & J.
Seaboard..
500,000
100
83,900 J. A J. i
Seventh
0
300,000
194.500 J. A J. !
100
Second
300,000
8
Shoe A L’thr 100
500,000 ! 237,100 J. A J.
8
100
70,100 J. & J.
Sixth
200,000
8
State of N.Y* 100 1,200,000
442,600 M. A N.
6
100 1,000,000
214.700 J. A J.
Third
6
Tradesmen’s 4011,000,000
233,700 J. A J.
i
100.000'
24.600’
Twelf.Ward*
4
9^ Jan.,’88. 5
6
16
ioo 2,000,000 1,549^900 jr.
Americanf...
Bowrery
Broadway...
Brooklyn (J).
Citizens’
t
...
City
Comm’nw’th
Continental t
Eagle
Empire City.
Exchange...
Farragut
Fire Ass’n...
Firemen’s
German Am.
...
Germania..
.
Globe
Greenwich
Guardian....
..
Hamilton..
Hanover
Home
Howard
Jefferson. ..t
.
....
40
8
10
....
Irving
4
3
4
5
4
4
-
Fifth Ave*
First
Fourth
Gallatin
Garfield
Germ’nAm.*
Germ’n Ex.*
Germania*..
Imp. A Trad.
3
3
IApl.,’88.
May, ’88.25
7
10
8
8
6
68j
.
49,700
100 1,500,000 3,678,100 J.
50
263,400 J.
500,000
100
600,000
518,300 J.
1,200
100,000
100
300^000 164,600
10,800 j.
100
200,000
50 2,050.000 1,090,700 F.
623,000 J.
100
750,000
Jan., ’88. 6
Jan.,’88. 8
Jan., ’88. 4
Jan., ’88. 4
Jan., ’88.
10
4
100
May, ’88.
4
Kings Co.(J)
Knick’bock’r
Lafayette (t)
Long Isl.(I) -t
Mari.A Build.
Mercantile
Merchants’..
..
Nassau(t)....
6
7
50
25
25
17
20
70
100
100
40
100
30
50
100
17
100
50
50
25
100
15
50
100
40
30
20
30
50
50
100
50
50
50
50
25
North River.
25
Pacific
100
Park
50
People’s
20
Peter Cooper
Phenix(t).... 50
25
Rutgers’
50
Standard
Stuyvesant.. 25
Unit’d States 25
10
Westchester.
W’msbg C.(t) 50
Niagara
Jan., ’88. 5
Jan., ’88. 4
Feb., ’88. 3
Jan., ’88. 3ia
*
Dividends.
1885. 1886. 1887.
Amount.
1888.*
$
304,352 10
191,855 12
328,036
84,480
170,346
160,459
19,233
10
12
12
13
15
15
6-50 6-50
8
9
200,000
41,433
7
1,000,000 2,112,137 14
1,000,000 672,142 10
107,385 10
200,000
448,355 10
200,000
200,000
§8,972 6
90,352 10
150,000
1,000,000 428,928 10
3,000,000 1,375,691 10
1,292 none.
400,000
54,069 10
200,010
150,000
175,064 20
70,847 6
210,000
40,267 8
150,000
32,430 10
300,000
167,144 6
200,000
200,000
6,188 6
-
200,000
200,000
200,000
210,000
200,000
500,000
350,000
200,000
200,000
6
12
10
10
12
10
10
7
9
10
8
12
10
10
59,829
338,430
10,676
150,000
208,710
143,687
154,434
140,196
200,000
73.5U9
250,000
300,000
Over all liabilities,
8
10
51,004
1,000,000
255,297
250,000
10
20
6
8
7
335,938 10
168,087
62,055
304,039
54,194
200,000
200,000
3
9
10
8
12
200,000
.
Feb. ’88.
6b
282,705 10
584,270120
>
Jan.,’88. 3b
Feb.,’88. 4
Jan., ’87. 2
Jan.,’88.5-95
Apl., ’8b. 5
Jan.,’88. 3%
Feb.,’88. 3ia
Jan.,’88. 5
Jam,’88. 6
Jam,’88. 3
Jan.,’88.10
Jan.,’88. 5
Jan.,’88. 5
Jan.,’88. 5
Jan., ’87. 3
Jau.,’88. 5
Jan.,’88. 5
Jan.,’88. 5
Jan., ’87. 3
Mch.,’88. 5
Jan., ’88.10
July,’87.
Jam,’88.
Jau.,’88.
Apl.,’88.
Jan., ’87.
Jam, ’88.
Jau.,’88.
Jau.,’88.
8
10
8
12
812
7
10
10
10
20
3
3
5
Apl., ’88. 4
Jan.,’88. 6
July,’87. 3b
Jan.,’88. 5
Jam,’88. 6
July,’87. 5
Jan.,’88. 5
Jam,’88. 3b
Jan.,’88. 3
Jam,’88. 5
Feb.,’88. 5
Jam, ’88.10
10
12
10
10
7
10
10
3
4
3
li£.
4
Jan.,’88. 5
Aug.,’87. 4
Jan.,’88. 5
11
12
6
Jan.,’88. 7b
7
20
10
10
10
3
10
10
10
3
10
20
6
8
8
8
3
6
10
8
3
7
10
8
12
8
52,003
•
8
15
10
10
10
6
10
10
10
Last Paid.
Jan.,’88. 5
Jan., ’88. 6
43,423
204,000
v
10
12
12
15
8
2
917,238 15-40 15-40 15-40
15
15
642.265 15
6
7
80,107 6
7
7
87,015 7
10
10
89.498 10
200,000
National....
37*2
N.Y. Eq’table 35
N.Y. Fire.... 100
..
Net
Surplus,
$
400,000
300,000
200,000
153,000
300,000
210,000
500,000
1,000,000
300,000
200,000
200,010
Par.
May, ’88. 3ia
8
8
46,800
300,000
283,100 J. & J.
Continental. ioo 1,000,000
Com Exch.*. 100 1,000,000 1,083,300 F. A A.
25
121,200 J. A J.
East River
250,000
128.700 J. & J.
11th Ward*. 25
100,000
100
Fifth
237,300 J. & J.
150,000
FT mi if**
Jan., ’88.
8
7
LIST.
J dll.
Latest.
Period. 1886. 1887.
$
$
America*... 100 3,000,000 1,756,200
Am. Exch.
100 5,000,000 1,465,600
16,800
Rk,nfDep’Hit, 100 300,000
Bowery.... 100 250,000 363,300
Broadway.. 25 1,000,000 1,546,700
282,200
Butch’s’ADr 25
300,000
Central
100 2,000,000
567,500
100
496,100
Chase
500,000
STOCK
INSURANCE
LIST.
STOCK
BANK
[Vol. xlvi,
8
11
10
20
including re-insurance, oapital and scrip,
5 Impairment.
(1) Brooklyn.
t Surplus includes scrip.
....
....
....
500,000 i
...
499,700 1 Q.-J.
170.900
3,500,000
....
200,000 |
I
Jan., ’88.
May, ’88.
8
O
Jan.,’88. 3
Jan., ’88. 3
1
r
!
6
8
|
Jan., ’88. 3
Jan., ’88. 5
Jan.;
8
Jan., ’88.
io
’88.
May, ’88.
0
i
8
Jan., ’88.
0
Jan., ’88.
i
4
4
3
3
3
.
1
8
April, ’88 _2
10
Jan., ’88. 5
(
1
176,300 J. A J. t io
i
for National
*
t April 3.0, 1888
These are not National banks.
banks and December 17, 1387, for State banks.
The f allowing is a list of the stocks aud bonds of gas companies in
New York aud Brooklyn, with details of iutorost, dividends, Ac.
Quotations for these will be found in the Commercial and Financial
Chronicle each week.
Brooklyn Gas-Light
Citizens’ Gas-Light
Bonds
Consolidated Gas
(Brooklyn)
Jersey City A Hoboken
Metropolitan Bonds
Mutual (N. Y.)
Bonds
Nassau (Brooklyn)
Scrip
People’s (Brooklyn)
Bonds, 7 per cent
Bonds, 6 per cent
William sburgli
Bonds
Metropolitan (Brooklyn)
Municipal Bonds
Fulton Municipal
Bonds
Equitable
Bonds
.
Dividends and interest.
Par.
Gas Companies.
..
1
I
I
t
Amount.
Par.
Railroads.
Period.
25 2.000,000 Various
20 1,200,000 Various
1,000
250,000 A. A 0.
100 35430000 J. A D.
20
756,000 Qu nr.
700,000 F. A A.
1,000
100 3,500,000 J. A J.
1,000 1,500,000 M. A N.
25 1,000,000 Various
Var’s. ! 700,000 M. & N.
10 1,000,000 Quar.
1,000
400,000 M. A N.
Var’s.! 100,000 A. A 0.
50 1,000.000 Quar.
1,000 1,000,000 A. A O.
100 1,000,00C J. & J.
750,000 M. A N.
1,000
100 3,000,000
1 300,000 j. A j.
100 2,000,000
1.000 1.000.000 P. A A.
Atlantic Avenue (Brooklyn)..
Bonds
Bleecker St. & Fult. F.—Stock.
1st mortgage:
Broadway A 7th Ave.—Stock.
1st mortgage
2d mortgage
Broadway (Brooklyn)
•
1st mortgage
2d mortgage
Amount.
Rate.J
(Brooklyn)—Stk
Dec. 15,’87
2ia May 1, ’88
3
2
3
1902
Jan.10,’88
1902
lia Apl. 1, ’88
2ia May 1, ’88
2ia Mcn.15,’88
5
3
2
3
1908
Apr. 1, ’88
Apl. 24,’88
1899
3
Jan. 1, ’88
1899
3ia
Q’rt’rly.
700,000
100
2,100,000
J.
525,000
Q.-J.
Q.-J.
r
....
1,000
3d mortgage
J.
250,000 J. A J.
100,000
10 3,200,000 Q.-F.
1,000- 800,000 J. A J.
100 1,000,000
400,000 ::::
1,000
100
200,000 A. A O.
1,000 400,000 J. A J.
100
500,000 Q-F.
1,000 400,000 J. A J.
100
600,000 Q.-J.
1,000 250,000 M. A N.
100 1,800,000 Q.-J.
1,000,
Bonds
Coney Island & Brooklyn
A
1,000 1,500,000 J. A D.
1,0001 500,000 J. A 'J.
100'
100
100
1,000
1,000
mortgage, consol
100
500 Ac
Scrip
Eighth A venue—Stock
Rate.
J.
A D.
650,000 Q.-F.
100,000 A. A O.
500,000
75,000 J. A ,T.
125,000 J. A J.
1,200,000 Q.-F.
900,000 J. A D.
Date.
*
o
Jam, 1888
5-7 1885 A’94
% Jam, 1888
900,000 J. & J.
1,000
1,000 1,200,000
mortgage bonds
Christopher A 10th St.—Stock.
7
3
July, 1900
Jan., 1886
June, 1904
5
5
3
1914
May, 1883
rr
1889
1889
4
6
2
5
1L>
7
4
7
2
6
May, 1888
Jan., 1902
1890
Apr., 1888
1888
Feb., 1838
1902
ls4 Apl., 1888
6
Nov., 1922
1
7
b Apr., 1887
Dec. 1902
1% May,
7
3
7
5
1888
1898
Aug., 1884
1887
1903
May, 1888
100
D. D. E. B. A
Battery—Stock..
mortgage
mortgage
1,000
Ferry—Stock.
Grand St. A Newtown (Bk’lyn)
1st
June,1893
100|1,200,000
Scrip
1st
7
F. A A. 6
Feb., 1914
lb Apr., 1888
1,000,000 Q.-J.
1914
lOOj 1,000,000 F. A A. 6
100
748,000 Q.-F.
May, 1888
Apr., 1893
1,000 236,0001 A. A O.
42d A Grand St.
5
100
500,000
Consol,
1st
3ia May 7, ’88
2ia jau 1888
2
mortgage
Central Crosstown—Stock
1st mortgage
Cent. Park N. A E. Riv.—Stock
1st
Consolidated
Date.
1,000;
Period.
l,000j
Brooklyn City—Stock
1st mortgage
Brooklyn City A Newtown....
1st mortgage.:
Brooklyn Crosstown—Stock...
1st mortgage bonds
Bushwick Av.
LOCAL GAS COMPANIES’ STOCKS AND BONDS.
j
Dividends and interest.
3
1
1
HORSE RAILROAD STOCKS AND BONDS.
Jan., ’88. 5
6
5
i
.
250'000
Jan.,’88.
CITY
4
6*£ Jan., ’88. 3ia
.
Union*
ioo
U. States
Western
West Side*.. i 100
Jan.. ’88. 3
Jan , ‘88. 4
Jan., ’88. 5
May, ’88. 2
6
8
10
8
8
10
6
5
Houst. W. St. & Pav.
Second Avenue—Stock
....—
.
Twenty-Third Street—Stock...
1st mortgage
Jan.,
170,000,
100
500,000
800,000
Feb., 1886
July, 1894
100'1,862,000
1,000; i,ooo,oo(y
100 1,500,000
1,000
100
1,000
100
1,000
500,000
2,000,000
2,000,000
600,000
250,000
1886
1896
175,000
250,000
500
100
F’y—Stk.
1st mortgage
Ninth Avenue.
1st mortgage
Sixth Avenue—Stock
1st mortgage
Third Avenue—Stock
Bonds
100
Q.-F
J.
& J-
Q.-F.
J.
A
J.
F. A A
M. A N.
Nov., 1887
Jan., 1887
1909
May, 1888
July, 1890
May, 1888
Jan.,
1890
Feb., 1888
May, 1893
2ifl Apl. 15,’88
1899
6
2
May 1. ’88
6
1900
*
This column shows last dividend on stocks, and date
of bonds.
of maturity
478888111
7588 1185.;
May,
1488 1188540..’
Alabama
MONTHLY
Feb.
Jan.
$
90,157
97,303
98,839
89,270
98,450
90,390
88,313
104.791
(296 m.)..
(290 m.)..
(290 in.)..
94,153
119,213
May.
(
85,306
82,831
88,872
110,954
RAILROADS.
PRINCIPAL
OF
March. April.
(
Great Southern—
1888
EARNINGS
131
EARNINGS
RAILROAD
1888]
Jane.
$
79,749
68,011
88,345
117,008
I
73,900
70,092
82,004
$
80,087
77,35i
97,750
115,973
129,017
109,751
80,739
97,459
92,614
%
83,543
08,224
78,275
114,789
97,212
85,079
99,950
99,974
124,231
348,187
299,198
410,900
415,33a
Nov.
Oct.
Sept.
Aug.
July.
Total.
$
$
9.1,270
Dec.
f
90,523
104,428
137,803
109,734
104,273
124,072
153,792
123,688
98,637
131,878
105,106
149,079
115,700
129,523
153,545
1,105,103
1.070,186
1,215,195
1,575,810
149,950
142,044
124,254
121,370
154,391
147,943
133,305
128,073
122,190
123,940
123,845
138,592
118,297
1,448,258
127.497 j
1,307.373
134,518
1,352,532
303,103
309,097
3&8,99 i
270,181
307,430
372,as 1
412,349
270,079
808,912
3,588,005
284.080
314,195! 3,301.235
358,551
403,365
340.181 i
69,574
70,932
71,228
08,291
90,074
112,035
89.858
57,732
80.840
700,467
937,529
110,034
99,321
1,115,073
753,857
733,038
758,417
801,880
092,712
8,709,275
(290 m.).. 127.791 124.505 127,002 110,067
(290 m.).. 130,749 128,707
Atchison Topeka Sc Santa Fe—
1,513,040 1,742,000 1,401,922 1,235,082 10,291,888
1,404,050 1,306,000 1,343,362 1,254,029 1,301,039
;.
(2,259 to 2,840 m ).
1884.
1,395,585 1,070,075 1,003,413 1,253,374 15.571,398
1.1S 4,080 1,218.772 1,181,784
1885
(2,375 to 2,390 m.).. 1,1 L5,098 1,057,407 1,340,135 1,297,825 1,198,173 J.252,754 1.303,110
1,406,240 1,087,348 1,719,355 1,524,029 15,984.307
1,309,352 1,201.479
802,203
(2,404 to 2,437 m.).. 1,312.592 1,230,403 1.762.028 1,084,358 1,553,719 1,541,870 1,534,902 1,501,370 1,500,201 1,074,100 1,657,078 1,495,954 18,401,360
1880
(2,445 to 2,993 m.).
(2,993 to 3,020 m.).. 1,071,483 1,009,123 1,233,23s
274.132
Burlington Cedar Rap. & No.—
288,415 2,796,459
261,100 291,413
195,970
210,590
200,418
221,573
217,570
1884
(713 to 889 m.).. 213.803 201,964 217,349 245,457 239,385 230,451 224,381 225,824 299,973 349,503
200.909 3.098 514
313,000
223,719 202,537 272,309
a >0,779 2,983 3C9
1885
(938 to 990 m.)..
290,070
218,124
209,735 240,435 297,853 316,204
209. LuO
211,355
207,548
(990 to 1,000 m.).. 177,503 195,933 241,943 235.210 216,788 217,446 202,103 237,634 209,002 319,008
1880
290,589
305,375 3,005,902
280,875
(1,029 m.).. 220,208 221,014 209,597 193,170
(1,046 m.).. 208,245
84765457881110.
5.781
Central Iowa—
1888
Chesapeake Sc Ohio-
109,440
98,272
.Elizabeth. Lex. Sc Big
Chicago Sc Alton—
1884
1980
1887
1888
Chicago Milwaukee
58,050
52,701
07,411
74,850
58,050
95,846
83,172
02,932
93,744
98,980
100,050
70,252
72,519
95,802
109.707
607,2.8)
591,037
052,001
591,091
593,505
021,019
008,070
591,200
037,484
730,944
008,393
715,100
717,190
817,641
859,904
720,005
741,252
804,901
916,904
755,825
777,414
842,002
70,051
S?,8l)0
060,042
573,2.84
097.919
640,835
537,322
542,137
584,40;!
080,851
612,047
715,755
273.241
55,041
59,278
557,84 L
072,509
570.034
054,04;
94,018
1,048,220 1,971,013 2.103,028 1.832,451 1,981,127
1.992,484 1,001,915 2.039.110 2,005.070 2.081,904
1,380,903 1,830,275 2.229.172 1,953.740 1.901,077
'
2.953.0v3 2,19 7,900 2.152,072
1,985,385
1,211,188
1,071,294
322.799
,
(fc St. Paul.-
(4.700 to 4,804
(4,804 to 4,932
(4.932 to 5,298
(5,298 to 5,508
(5.021 to 5,670
m.).,
m.).
m.).
m.).
m.).
(4,101 to 4,194 m.).
1898
(4,203 m.).
Chic. St. Paul Minn. Sc Omaha—
1.884
(1,307 to 1,318 in.).
1885
(1,318 to 1,325 m.).
(1,339 m.).
1880
(1,305 to 1,393 m.).
(1,399 m.).
Cin. Ind. St. Louis Sc Chicago(342 in.).
(342 m.).
(342 to 297 m.).
1887
(297 m.).
(297 m.).
Cincinnati N. O. Sc Texas Pac.—
(330 in.).,
(330 m.).
1830
(330 m.)
(330 m.).
(330 m.).
Clev. Col. Cin. Sc Ind.—
(391 m).
(391 m.).
91,028
889,037
707,047
808,942
903,372
120.737; 1,323,025
300,576
4,090,048
4,451,109
65,584 -
702,027
703,920! 7,993,170
737,121 i 8,000,043
740,599; 8,941,380
2,148,532 2,330,741
2.140,831 2,107,801
7,023
108,547
110,000
135,537
154,202
152,438
134.285
108,973
1,970,177 2,027,982 2,340,914 2,523,843 1,990,509
L,997,079 2,030,803 1,922,235 2,552,324 2,878,409 2,259,541
2,740,150 2,810,900 2,302,000
2,118.448 2,146,493
2,853,042 2,780,216 2.050,100
2, L00.217 4,249,484
1,951,746 23,491,898
1,071.397 24,301,058
1 998,275
444,190
405,811
503,490
702,189
599,410
5,784,933
5,814,810
0,153,200
0,043,438
241,145
220,200
247,953
242,173
196.313
236,482
237,453
250,988
219,259
245,523
255,208
203,003
205,700
240,977
237,507
2,434,780
2 373,407
2,001,508
2,092,754
220,702
222,929
230,451
242,797
250,900
278,001
309,917
231,130
252,070
272,584
324,110
239,030
261,710
259,751
269,153
241,225
256,310
242,38)
257,163
289,920
328,542
2,058,185
238,185
309,078
287,934
348,131
383,291
344,482
341,101
408,538
437,191
339,92'
300,209
442,956
459,139
372,907
320,301
320,305
374,12 4
424,437
325,125
410,077
4,184,118
4,010,393
494,230 >1520,477
525,311
405,326
51O.O03; 555,380
077,2 41
011,241
433,119
470,350
502,734
014,639
734,035
521,957
568,094
640,034
753,551
567,285
462.459
572.983
048,0 »7
421,359
5,552,104
504.179
0,119,054
015,215
750,428
714,134
0,738,078
7,983,420
295.461
270,871
284.152
3 73,300
307.810
274,470
278,037'
380,180
400,781
370,803
408,554
3,993,023
4,120,430
331,016
424,215!
309,311
379,424
394,380
504,481
412,289
320,398
312,723
320,249
304,811
441,798
424,373
555,212
515,621
420,019
503,2-88
4,283,213
5,329,469
217,000
108,812
203,101
223,298
179,343
101.100
174.328
155,007
172,190
174,04 I
190,670
188,007
180,800
171,844
177,591
193,509
228.9 73
230,973
I *207,558 *220,150
220,982
158,315
177,00s
177,810
217,564
2,252,988
1,946,790
2,100,773
2,572,937
121,070
120.285
133,637
125,504
120,432
93,014
85,130
110,103
120,420
139,430
140,909
189,658
100,007
100,843
520,053
479,187
540,175
458,923
502,301
197,822
180,99i
193,831
202,74::
205,195
193,175
191,098
233,273
232,282
243,870
210,820
194,008
2 72,258
240,523
224,937
187,247
193,084
201,754
290,593
273,007
316,147
290,145
285,733
314,280
314,332
400,96 )
204.032
309.324
294,490
335,741
374,448
313,430
343,000
(1,317 m.).
(1,317 m.).
(1,317 m.).
(1,317 to 1.401 in.).
(1,401 m.).
430,302
480,101
449,039
484,054
1885
(1.093
m.).
m.)
in.).
m.).
Flint Sc Pere Marquette-
(301 m.).
...(301 in.).
(301 m.).
(301 in.).
(303 m.).
Gulf Colorado Sc Santa Fe—
(530 m.).
(530 to 590 m.).
1880
(025 to 729 m.).
1887*
.(835 to 1.012 m.).
1888
(
m ).
Ill. Cent.—III. Line Sc So. Div.—
(1,520 to 1,000 in.).
1884
1885
1880
(1,000 in.).
(1,000 to 1,953 m.).
(1,953 m.).,
(1,953 m.).
1887
1888
Lines in Iowa-
(402 in.).
(402 m.).
1880
(402 m.).
(402 m.).
(402 m.).
‘Indiana Bloom. «fe Western—
(532 m.).
1887*
(532 m.).
(532 m.).
(532 m,).
1888*
(532 m.l.
?
Louisville & Nashville—
(2,005 m.).
(2,005 to 2,0^3 m.).
(2,023 m.).
..(2,023 to 1,973 m.).
(1,973 to 2,124 m.).
Memphis <fc Charleston—
1880
1880
1888
201,150
221,180
190.671
234,712
202,274
212,984
228,209
104,371
200.291
190,079
252,849
278,281
277,759
490,2 ;i
192,438
179,270
191,007
217,720
217.707
20 4.917
427,747
390,873
491,463
497,183
552.29
003.370
580,437
514,701
212,051
200,380
232,007
270,458
180,792
143,850
152,094
172,904
194,390
291,519
270,698
277,370
414.382
302,706
218,759
158,108
201,677
330,013
551.003!
010.082!
078,170'
298.824
415,370
782,830
789,700
094,799
793.701
.*877,000 *859,196
782,749
959,948
957,803
882,980
118,57L
727,059
130,703
125,778
134,191
133,291
109,111
109,892
174,483
178,708
1
134,332
173,085
100,600
193,222
104,877
227,0^
203,877
243,511
109,772
1
:
298,097
2,081,547
2,882,172
3,377,551
302,084
408,033
454,218
020,363
7«
13,200
797,50 3
345,088
38 2.458
3,811,743
3,009,439
411,380
456,017
167,754
179,155
223,833
219,098
185,271
211,001
186,394
208.087
131,052
150,963
209,645
378,797
877,015
883,360!
100,650
243,064
*292,031
387,200
142,048
1,727,595
200,732
1.849,429
*234.089
2,288,023
350,270
2,928,277
910,005 1,078,544
1,112,7191
l, 138,3851
975,099 1,099,73- 1,258,104
1,099,074
1,059,505 10,478,442
1,000,300
1,038,599
1,120,400 10,942,920
1,112,721 10,770,187
1,101,228
1,150,304 11,808,030
837,443
723,007!
845,5381
!
304,773
211,103
*210,902 *261,094
|
130.040 !
130,780
142,095 j
126,519 j
129,480
160,020
184,867'
152,109
150,541
1.712,389
107.288
190,033
100.681
103,090
149,353
108,793
1,078,330
1,753,300
153,879
178,708.
203,893 j
180,110
107.4)0
155,590
122,774
120,349
157,603
140,080
173,188
107,665
228,851
242,800
245,220
242,401
224,500'
227,110
218,240
257,522
250,705
253,303
2j3,408
234,259 02,412,078
209.973' 2,542,811
248,2S1
253,143
185,046
207,397
227,339
218,048
1,145,300 1,291,714 1,199,590
1,148,214 1,203,4091 1,129,894
1,292,127 13,002,447
1,104,212 13,072,044
1,253,9*>0 1,379.828
1,437,908 1,538,700
1,281,907
1,278.717 13,978,543
1,501,898
1,449,502 10,044,473
127,718
134,110
123,055
1,078,250
|
173,071 1
107,544 i
!
180,080
190,911
193,572
197,99d i
i
245,340
167,943 c2,302,023
207,502
2,010,233
-
1.187,7:38 1,125,291 1.150,109 1,032,359 1,000,104
1,280.523 1 1,158,699 1,101,403 1,030,578 1,057,332
1,039,317 1,
1,170,749 1,
1
1
967,740 1,037,714 1,121,192 1,257,207
1.327,519 l,17J.74:i 1,254,002. 1,200,829 1,320,003
1.103 935
1,201,202
lll,010!
141,306!
(330 m.).
(330 m.).
(330 m.).
108,925
704,233
187,305
(330 m.).
(330 m.).
271.105
.....
764,007 |
793 075
822,385
774,140
127,329
154,082
123,200
157,774
1 113,5.33
144,197
*149,322 *124,833
103,003
85,480
118.300
109,713
225,234
7.88,809
112,159
131,512
172,853
151,702
179,730
223,103
153,101 *101,358 *19L,933 *178.703
175,220 209,087 234,898
155,395
974,800
820,810
956.897 1
915,957
l.050.680 l,
194,078
208,429
220,182
j
......
844,009
820,572
1,227,709 l,
1,300,817 1,
206,847
444,067 *403,891
138.414
92,297
154,223
189,031
178,702j
202,000;
50.5.744
331,109
324,400
344,023
324,032
422,487
409,444
244,117
—
541,840 *303,700
427,885
593,339
......
403,341
40 4,903
545,0oO
317,99s
527,884
000,905
618,411
409,130
470,229
209,515
177,087
213,031
214,384
300,049
(391 m.).
(391 m.).
(391 m.).
294,113
257,2-^5
281,588
331,298
301,520
302,200
287.001
122,690
172,54 4
199,109
499.037
460,700
472,523
493,340
561,480
550,218
199,715
205,194
277,027
2,191,502 27,140,724
540,959
588,58 T
030,122
718,033
307
188,230
201,647
2,174,554 25,348.847
042,400
699,884
052,050
770,070
579,735
500,341
m.).
2,218,998 23,470,998
2,517,709 25,300,124
371,459
324,935
(1,093
(1,093
(1,093
(1.093
2,308,877
2,638,420
1,540,115
1,073.942
1,782,200
2,071,005
2,330,256 24.413.273
2,250,241 34,718,404
339,521
East Tcnn. Va. *fc Ga.—
132,985
104,005
107,027
184,009
101,011
104,330
200,337
2,640,218
420,514
470,508
1888*
135.400
2,400,313
513,349
478,152
170,318
203.414
195,995
210,108
204,932
2,000,290 25,483,013
2,329,9 <5 20,550,42?
1,931,000 L,623,000
1,760,940 1,822,105 2.076,829
1,980,542 1,7 70,829 1,932,750
1.980,025 1,720,017 1,947,902
2,334.783 1,839,334 2,102,149
1.8!) 7,532 1,934,885
350,293
331,452
150,514
140,730
100,196
183,980
128,392
114,053
141,249
170,315
123,577
110,812
112,309
126,510
115,133
155,953
507,998
404,892
Denver Sc llio Grande-
2,318,05 4
156,577
175,901
178,737
2,539,790
2,892,474
2,798,077
2,800,089
135,833
155,003
1,407,097
1,517,397
1,445,174
1,490,234
2,233,891
2,724,588'2,776,774 2,250,340 2,303,131 20,728,408
2,4 34,924‘2,774,922 2,346,834 2,103,388 27,570,078
2,201,241
1,317,004 1,788.720 1,948,030 1,983,708 1,919,902 1,949,545
1,893,970
1,345,400 2,081,071 1,927,204 1,875,231 1,803,419 2,030,727 1.971,599 2,273,278
•2,553,971
1,503,901 2,031,014 1,703,890 1,707,069 2,004.222
2,359,02 4
l,52i.t*72 2,312,087 1.979,001 l,S00,OOu 2,120,000 1,840,485
109,252
129,142
141,289
159,200
15
2,077,182 1,735,199 2,447,495 2,707,110 2,083,597
2,6 40,035'2,858,258
1,992,485 1,812,834
463,952
458,824
1880
150,240!
115,107
157,940
111,925
109,252
115,171
*
1160 4 40
100,557
98,994
90,287
127,81(i
117,29;:
124,010 *120,445
101,023
78,844
77,297
118,447
Approximate figures.
Embracing corrections found necessary after montVy
A Including (135,000 traffic balances. ^ ~Z&
4t0,328
203,971
111,048
140,720
113:023
109,342
103,853
107,407
127,034
1887
c
113,505
117,022
112,809
153,874
169,714
171,629
183,421
125,425
Chicago Sc Northwestern—
1884
(3,701 to 3,843 m.).
(3,843 in.).
1880
(3,891 to 4,037 iu.).
*
57,646
49,939
03,120
84,704
45,949
48,082
03,031
08,420
74,499
(278 ru.)
1888*
.
50,403
55,688
05,743
78,584
47,338
(251 m.)..
(247 m.).,
(251 in.)..
1887
1884*
1885*
1880*
57,519
53,307
74,284
81,038
(139 m.)..
(139 m.)..
(139m.)..
(139 m.)..
(139 m.)
Sc Quincy-
1880*
-
385,832
320,938
280,214
405,50a
389,081
295,500
(3.322 to 3,407 m.).
(3,407 to 3,040 m.).
(3,040 to 4,030 m.).
(4,030 to 4,093 m.).
(4,093 to 4,702 m.).
Chicago (fe Eastern lllinols(251 m.).,
1880
257,202
249,522
310.592
...
1880
1837
287,497
247,112
307,293
301,925
200,072
218,094
88,777
108,49 i
(849 m.).
Chicago Burlington
1885
1880
1887
1888*
300,211
290,002
317,102
344,700
280,621
292,910
201,169
(502 m.)..
(502 m )..
(502 m.)..
(502 m.)..
(502 m.)..
Sandy—
1880
188?
1888
1885
121,890
313,542
208,775
338,154
355,496
102,357
97,289
107,954
85,993
(849 m.)..
(849 m.)..
(849 m.).,
(849 m.).
1880
1887
*
122,700
92,152
lll.OiS
95,003
89,824
133,345
*101,828
124,312
114,726
127,397
99,154
82.9 >7
(490 m.)..
(512 m.).
(512 m.)..
(510m.)..
1880
1887
'
113,702
80,247
(401 to 490 m.)..
1884
totals bad been published.!
105,471
117,705
81,721
84,s5:.
111,981
83,810
95,403
127,89 7
1
......
114,00.3
95,824
110,384
105,195
119,375
120,080
139,087
158,499
120,245'
1:83,7951
100,909;
178,549'
142,185
150,901
175,408
191,023
174,634
158,933
1,428,682
1,339,849
177.797
1,444,638
190,354
1,740,500
MONTHLY EARNINGS OF
Jan.
Milwaukee Lake S.
1884
1885
*
73,214
Sc West.—
74,209
97,079
149,080
133,434
(480 to 551 m.)..
1880
1887
(592 m.)..
Minneapolis & St. Louis—
133,428
(351 m.)..
(351 m.)..
(351 m.)..
1884
1886
1880
1887
1888
122,562
73,095
117,845
80,600
(351 m.)..
Mobile & Ohio—
90,491
113,162
120,092
103,306
109,234
144,018
104,213
142,712
102,071
100,161
151,801
151,255
110,519
113,552
161,283
185,275
190,950
100,152
(580 m.)..
(580 to 000 m.)..
(600 to 627 m.) .
...
210,495
,184,052
249,401
174.919
(3.277 m.)..
l.
571,421
..
.
295,219
(810
(373
m
1
...
(355
260,889
325,053
389 759
09,742
59,791
57,248
78,882
00,487
01,4 57
207,559
322,691
m.
>
454,749
450,01C
411,397
518,500
218,190
182,116
210,580
192,805
203,737
191,840
224,487
223,311
270,148
213,200
272,481
205,024
!
306,476
288,904
270,198
300.294
03,114
1,784,639 i1,861,214 2,104,375 1,807,857
1,501,722 '1,737,458 1,835,064 1,980,648
1,985,360 2,051.095 2,239.877 2,234,859
2,131,200 2,180,075 2,183,057 2,309,215
2,400,771
275,482
3,055,917:
1,570,385
1,872,887
1,985,1+9
2,029,935
20,363.320
19.559.05*
23,002.507'
24,404^36
j*
• • , - t .
*
300,734
339,905
381,180
469,883
254,420
309,743
347.703
803,314
373,024
86,781
85,294
87,20+
107,770
95,417
105,354
102,817
131,023
99,059
105,087
109,868
131,469
97,275
97,344
107,735
228,408
250,190
287,407
385,032
270,01C
207,374
319,225
404,721 |
1
288,495
285,981
244,810
270,030
334,712
433,851
337,708
410,211
510,427
476,811
504,751
472,941
452,632
519,795
474.805
5:34,011
516,825
501,291
483,594
493,150
542,458
1,236,56( 1,401,511
1,110,379
1,224,95511.522,285
1,372,673:1,443,007
1,408,21011,674,881
1,299,900
S54.S8C
305,003
307.747
413,137
270,033
301,961
325,054
337,328
283,070
312,904
290,918
345,919
3,702,959
3,679,015
3,827,832
4,128,365
4,447,547 3,950,937
4,359,174 3,971,539
4,737,351 4,347,218
4,989,521 4,735,154
3,769,328
4,040,082
4,428,210
4,892,954
50,379,068-
270,217
295,907!
327,248
345.502
379.544
403,90S
408,773
82.970
90,222
84,057 i
100.284
200,305
97,017
100,090
105,828
97,841
118,908
239,050 3,240,713
311,010 3,449.404
281,638
351,011
390,772
477,132
300,794
283,531
271,057
314,316
396,110
273,702
f
183.801 !
191,7671
202,430
192,827
235,701
321,814
228.126
334,200
185,824
210,470
250,280
334,704
...
101,353
94,840
131,475
3,950.311
1,034,210
247,103
249,428
207,337
400,428
2,711,152
2.771,121
3,252,058
4.254,794
442,269
507,6v>9
457,809
490,286
129,904
320,780
425,857
87,080
80,405
112,545
135,645
*
448,405
.
.
.
i
416,635
410,219
432,530
554,404
477,848
454,917
447,236
495,670
477,510
411,723
449,401
530,336
451,370
502,027
008,028
1,143,123 1,022,438 1.032,602
971,289
1,012,507 1,000,011
1,077,350 1,100,020 1,220,358
1,149,102 1,202,570 1,299,580
312,756
275,480
298,035
296,102
282,2 OSr 353,709
334,313
281,7 9V
378,10(
335,43
409,911
322,092
357,152
344,619
393,261
406,054
3,906,171 3,989,085
3,735,038 3,685,105
4,330,101 4.356,677
4,911,858 4,054,370
4,617,894
3,956,300
4,585,390
5,022,012
4,458,871
4,270,628
4,674,052
5,000,568
54,783
53,799
73,343
00,205
81,202
81,015
90,778
80,036
257,135
264,201
308,119
297,924
50,509
5,521,878
5,490,922.
5,474,010.
5,023,421
1,092,354
1,129,440
1,395,184
6,212,927
758,229 12,613,305
775,371 11,349,669
899.065 12,329,552.
1,249,358
1,181,773 13,854,320
1,040,140
48,500,911
45,615,027
55,671,303
t
i
» •
759,767
730,985
814,747
57,055
62,343
77,955
*77,177
69,522
07,919
80,093
*80,907
57,139
64,202
04,130
*64,709
2,148,704 2,707,792 3,299,015 2,870,451 2,940,541
2.428,294 2,041,852 2,940,750 2,800,388 2,878,370
1,084,957 1,832,075 1,801,207 1,834,114 1,961,070
1,775,912 1,824,057 2,055,764 1,908,012 2,085,(91
2,554,133
2,066,450
2,034,084
2,098,095
429,179
425,516
425,721
504,817
371,270
305,998
421,974
445,887
360,710
348,132
340,148
413,007
84,558
83,096
74,929
70,349
07,304
51,881
47,945
50,921
02,120
59,767
69,020
80,017
00,873
78,527
.
83,002
50,148
57,900
69,829
119,363
121,135
109,590
97,905
105,0 P
103,720
129,914
122.041
134,704
133,803
74,696
79,157
90.481
78,402
858,540,
102,990
45,728
39,481
41,003
30,049
35,884
30,637
35,017
29,316
27,503
28,148
30,974
24,052
25,039
130,841
125,190
120,327
121,438
144,983
93;675
108,712
00,878
74,227
42,308
94,007
38,299
42,745
44,489
50,834
104,912
95,745
86,534
99,020
34,574
49,949
97,207
48,241
40,28(6
47,877
49,327
125,129
113,951
95,742
131,121
(274 m.)..
50,074
54,810
52,828
53,802
54,089
57,470
49,537
56,891
132,157
99,790
299,329
292,077
250,923
272,277
280,598
305,370
293,147
322,961
331,088
358,059
337,387
381,172
305,397
439,427
40,879
48,070
50,259
51,573
00,703
64,270
96,753
45,982
49,240
55,223
80,080
61,380
80,931
95,477
91,972
30,880
31,082
28,219
37,879
41,327
37,547,
51,130
03,400
41,840
50,720
40,683
56,807
46,901
29,940
37,854'
109,228
1,715,650 21,903,073
85,101;
93,675
65,525
58,202
58,181
74,085
73j)38
6i;i87
60,840
08,058
00,410
76,502
137,362
126,770
122,580
139,677
128,433
131,300
118,993
132,081
121,908
137,008
125,521
133,797
29,629
35,102
35,719
38,833
44,028
43,008
55,990
59,951
72,740
107,595
122,715
152,939
104,014
161,500
130,501
137,087
08,050
104,431
104,320
55,416
47,790
54,000
67,045
350,809
621,167
489,542
433.402
78 ON0
74 780
313,759
302,780
275,313
359,172
322,805
300,822
427,533
89L220
307,803
359,062
554,407
392,693
390,944
450,287
339,003
352,493
352,209
473,261
415,272
452,570
(1,475 m.)..i 402; 125
405,539
(1,475 to 1,800 m.)..
.(1,850 to 2,051 m.).. 459,250
.482,4*1
407,446
702,041
576,011
001,910
679,803
736,7*9
789,502
712,408
010,750
080,057
810,859
285;544
395,217
410,157
434.809
555,015
.(4,256 to 4,476 m.)..!]1,531,094 1,540,754
(4,476 to 4,519 m.). I 1,074,949 ;508;949
(4,519 to 4,594 m.)..j]L,428,029 .035,141
.(4,594 to 4.771 m.).. 1,737,353 L,075.914
(4,771m.).. 1,727,832! 1,917,938
1,590,098
I
149,890
144,753
155,023
151,894
170,268
173,356
171.266
172,770
48,794
40,821
49,189
03,795
42,879
47,600
00,360
08,555
81,725
87,050
93,162
102,182
90,095
87,438
105,029
115,914
120,405
120,170
113,807
138,420
113,230
123,389
127,236
157,050
44.801
47,534
53,270
63,000
44,596
52,817
07,183
69,102
58,267
60,007
72,000
84,700
62,191
75,309
78,695
94,975
144,250
41,513<
40,771
52,757
l
50,535
137,258
131,504
132,702
102,770
75,509
80,377
88,773
106,130
3*3.607
354,809
481,072
580,510
359,11l|
462,943
527,372j
433,428
308,445
400,048
587,370
005,150
550,387
571,526
021,344
571,702
525,009
627,764
0S4.934
365.873
339,377
419,467
315,924
4O5,207|
39.575!
42,105!
479,772
712,165
511,015
479,694
013,080
2,417,710
1,905,497 2,116,520 2.099,898 t1739453 3,375,899\i2,331,130
1,975,517 L,987,191 2,007,528 ,955,390 2,304,990 2,587,731
1,954,208 2,113.440 2,211,448 2,203,821 2,442,05842,530,599
2,571.305 2,342,155 2,188,27'’ 2,500,828 i 2,479,372 1 5
2,513,108
512,758
477,8641
104,557|
114,801j
117,568
139,925
}
1
.
95,108! 1,323,920
112,950! 1,209,712
113,732
145,8951
1,<£78,340
1,508,32^'
1
00,854
69,735:
80,440
93,138
1
61,453!
72,284
88,002
741.150
760,310
803,991
S9.35S
902,480
352,017
372,542
504,041
540,747
4.043,596
j
390,9571
519,494
619,181
032,209
738.587 1,014,802
747,578 1,004,789
819,799 950,057
847,800 1,001,933
879,440
859,007
810,514
4,383,400
4.874,0»J
6,229,340
819,439! 8.314.1W
680,8501
700,101!
1,169,843;
I
S1,480,827 2,049,214
i 5,518,122 2,708,027
S5,517,793 2,755,154
S v74o,9o0j(C,9o4,46bi
082,781
52,541'
!
406,824
459,748;
394,805
479,505
593,490
435,720
477,960
535,605
37,240!
44,399
48,277
62,304
1,553,509
1,558,892.'
1,053,123
1
|
38,639
T
§ Including Central of N. J. from June 1, 1888, to Dec 81,1885;
* After deducting f444,380 charged off by Mr. Adams on assuming office
after deducting proportions due to leased roads operated on a percentage basis.
+ And 06 miles of canal.
not included in any of the years.
From October 1st earnings are given
688,321
095,550
010,324
523,934
i
104,847
78,931
783,444
870,416-
I
32,124
30,437
32,713
57,334
775,527
808,100
115,614
123,270
113,075
141,340
100,801
.
71,434
55,099
41,238
70,207
02,728
74 800
8t. Louis Sc San Francisco—
1884
(770 to 815 m.)..
(815 m.)..
1885
(815 to 930 m.)..
1880
...(903 to 1,190 m.)..
1887
.(1,212 t> 1,310 m.)..
1888*
gt. Paul Minn. Sc Manitoba.—
(1.327 to 1.471 m.)..
1884
4,000,225
4,447,900
83,397
75,734
54,893
61,278
88,162
76,919!
i
11. Branches—
3,873,724
3.971.020
85,835
98,019
88,737
73,140
*
•
2,815,503 30.972,101'
2,592,529 29,230,543
1,576,714 19,700,815
349.583
31,054
37.972
45.837
55.483
52 853
35,083
33,010
114,443!
300,290
33,834
37,273
29,212
33,805
(200 to 274 m.)..
281,114
314,90+
68,232
75,578
82,100
70,865
71,92+
70,311
107,115
100,004
93,832
110,281
125,832
320.797
251,819
200,294
209,834
290,501
317,181
801,097
79,630
92,359
53,714
44,383
57,804
Carolina—
Approximate figures.
2.134,527
229,940
*270,521
850,129
800,502
392,514
364,378
432,010
08.570
84 257
11. Main Line—
.
2,358.682
-
333,755
309,890
340,513
303,401
421',705
82,931
81,093
84,912
05,376
80,494
(290 m.)
...
258,877 j
257,173
58,408
1884
1885
1880
1887
386,372
341,591
305,759
390,097
292,920
57,354
55,532
(290 in.).
Union Pacific-
1,509,568
1,451.933
1,887,505
2,006,573
56,523
74,820
..
1885
1886
1887
0
1,015,304
1,481,014
1,951,877
2,098,955
51,207
(290 in.)..
(290 ill.)
1885
1880
1887*
1888*
215,250 1
230,714
....
59,188
l
Virginia Midland—
pany are
514,022
50,640
m
174,350
194,075
I
62,555
53,438
72,343
Bt. L. Alton & T
![
2,160,412
2,045,951
2,251,380'
242,182 2,517,282:
4,193,979 4,379,455 4,520,501
(373 m.)..
1KHH
1,703,338
1,912,520
2,048,512
2,183,249
241,071
4,207,173
3,890,409
4.178.58C
4,805,040
Greenville^-
8t. L. Alt. dLT.
1884
1886
1880
1887
1888*
197,512
193,327
253,201
245,733
257,133
03,508
1880
1887
190,001
181,488
213,709
259,025
174,300
|
3,574,233 3,420,733 4,002,627 4,150,309
3,277,522 3,075,700 3,035,374 3,704,890
3,421,530 8,549,475 3,901,855 3,802,617
3,851,771 3,988,788 4,410,433 4,342,834
<,797 m.)..
...
254,781
271,281
222,720
187,350
290,078
1885
1880
Western North
1884
1885
234,410
287,024
147,700
178,131
311,028
Charlotte Col. Sc Augusta—
(337 to 373 m.)..
1884
..
284,037
278,839
167,495
172.33C
231,023
207,879
274,430
341,039
.
253,332
235,240
105,381
172,812
302,145
300,301
274,180
278,527
.
212,459
223,590
-
936,085 1,207,170 *1412700
Richmond Sc Danville—
(757 to 774 m.)..
1884
.
100,669
158,045
123,330
155,535
187,475 !
105,007 i
2,195,801 2,002,342 2,188.144 £855.073 2,827,942
1,840,306 1,794,045 1.919,502i2,343,973 2,377,424
1,304,178 1,255,389 1.479,735! 1,359,315 1,042,771
1,670,021 1,518,250 1,759,584 1,751,844 1,778,081
930,240 1,106,357 1,579,308
...
1884
1885
1880
1887
1887
143,600
101,957
703,007
64,590
61,275
54,921
Philadelphia Sc Reading—
1888
147,084
190,751
520,085
978,950 1,441,514 1,287,805
509,904
091,012 877,005 901,100
993,484 983,731
594,240
858,110
525,728 1,030,079 1,121.000 1,049,218
(254 m.)..
1887
140,017
188,167
206,819
18(5,737
614,103
553,582
480,330
70,039
Columbia &
129,720
145,381
130,488
149,18+
120,414
170,891
to 2,453 m.)..
to 2,091 m.)..
to 2,892 m.)..
to 3,277 m.)..
Evansville—
..
149,527
171,555
101,854
426,081
304,827
1885
1880
1887
1888
172,410
150,911
170,911
454,751
Pennsylvania—
(All lines east of Pittsburg & Erie)—
1884
.(+2,036 to 2,202 m.)..
(+2,202 to 2,250 m.)..
1885
(t2,250 to 2,322 m.)..
1880
(+2,322 to 2,340 m.)..
1887
18885
100,192
193,008
452,441
(010 m.)..
(016 m.)..
(010 m.).
18845
18855
18805
1887
1,734,02?
1.714,752
1,549,020>
1,491,38a
100,118
135,557
154,025
159,095
.(323 m_)..
1888*
1.305,27?
2,817,802'
3,180,081
138,004
132,270
126, S82
105,900
149,772
154,407
189,406
*202,300 *109,174
402,504
483,360
400,147
1884
1885
1880
1887
*
1,114,310
181,323
360,906
108.785
144.505
398,613
889,049
430,901
488,990
m
-
293,310
129,323
109,892
140,030
142,774
122,053
128.428
409,840
404,210
400,123
(+2.340
160,284
254,976
150,004
131,331
118,394
100,083
416,342 *373.03(
2884
1885
1880
1887
1888
•
118,077
514.947
Peoria Decatur Sc
134,221
251,450
95,215
132,994
204,799
227,142
320,214
118,788
113,459
121,804
350,768
Ohio Sc Mississippi—
1884
1885
1880
1887
1888
151,000
277.307
322.47C
1884
1885
1880
1887
1888
116,272
248,44+
103,837
99,208
148,605
248,140
334,075
1
221,789
299,304
Northern Central—
1888
90,031
Total.
$
87,588
107,248
107,224
1
.
(533 m.)..
..
1
90,898
151,010
138,883
153,947
218,907
279,305
380,801
1886
1887
1888
1KKH
98,438
199,032
302,432
167,790
232,203
(027 to 050 m.)..
270,800 248,835
Erie Sc West.—
1,507,211 1,490,394 1,495,541 1,727,434
(1,022 m )..
(1.022 m.).. 1,315,44a 1,371,024 1,508,523 1,409,012
(1,022 m.).. 1.531,004 1,551.480 1,793,221 1,741,350
(1.622 m.).. 1.705.07C 1,701,182 1.910,403 1,80?., 12*
18870
....(1.022m.).. 1,890,183 2,048,280 2,180,419
Hew York & Sew England—
259,471 275,507
243,047 252.603
(384 m.)..
1884
202,102
220,090 203,934
230,42C
(384 m.)..
1885
314,504
320,832
270,924
206,934
v384 m.)..
1880
407,207
304,518
430,097
357,787
1887
(4+7 m.)..
391,539 386,953 378,440
1888
New York Susq Sc West.—
82,278
64,140
71,704
04,055
1884
90,331
91,098
68,505
70,065
1885
74.882
89,179
87,31 (
81,050
(157 m.)..
1880
107,171
98,341
112,538
84,59(5
1887
110,804
106,1U4 110,381
(157 m.)
119,527
1888
Norfolk Sc West
211,522
210,298
225,857
213,02C
1884
206,484
220,4 le
100,281
229,255
(502 m.)..
1885
Northern Pacific—
(2,449
1884
1885
..(2,453
..(2,741
1880
..(2,895
1887
S
*118,650
Hew York Lake
1884
1885
1880
.
*
Dec.
Nov.
Oct.
188,808
104,494
167,139
200,499
211,811
.
1884
1886
1886
1887
107,931
Sept.
$
*
90,583
108,480
230,132
353,239
$
95,634
*
97,383
111,570
100,850
241,590
Aug.
July.
June.
May.
March. April.
f
100,357
100,771
149,138
247,795
184,980
185,519
242,094
Nashville Chatt Sc St. Louis—
[VOL. XLVI
PRINCIPAL RAILROADS—(Concluded).
1
78,368
72,179
100,532
157,509
144,225
180,992
(087 m.)..
(087 m.)..
(087 m.)..
lRft8t/7
Feb.-
179,228
201,681
184,263
230,015
202,137
(528 m.)..
1884
1885
1880a
1887a*
1884
SUPPLEMENT
INVESTORS’
133
905,264! 8,745,++<
......
2,414,288' 2,319,580125,057,290
2,429,279! 2,848,487!25,925,V(+
2,351,431; 2,343,543! 20,0
5£,t)97,«!)85 j 2,«4o, »<+;<
*
>
*
*
-
the earnings of the Coal &Iron Com*
a Includes St. Louis & Cairo.
May,
133
INDEX.
1888.]
INDEX
TO
NAMES
OF
RAILROADS.
changes which are constantly taking place in the titles of various railroad companies by reason of
consolidations, &c., it frequently occurs that much difficulty may be experienced in looking up the name of a
former company in the tables of the Supplement. To obviate this difficulty, and to facilitate reference to any name, whether
new or old, the following index has been prepared :
With the numerous
foreclosures,
ilabama Central
East Tenn. Virginia & Georgia.
Albia Knoxville k Dea M'oinea
Chicago Burlington k Quincy.
Lackawanna ifc Pittsburg.
Allegany Central.
American Dock «fc Imnrovem’t Co...Central of New Jersey.
Maine Central.
Pittsburg Youngstown k Ashtabula.
Chicago Burlington k Quincy.
Central Branch Union Pacific.
New York Pennsylvania k Ohio.
Savannah Florida & Western.
Norfolk k Western.
.Canadian Pacific
.Port Royal k Western Carolina.
Androscoggin k Kennebec
Ashtabula' k Pittsburg.
Atchison & Nebraska
Atchison & Pike’s Peak
Atlantic & Great Western
Atlantic k Gulf
Atlantic Mississippi k Ohio
Atlantic <fc Northwest
Augusta k
Knoxvilie
Baltimore Short-Line
Beliefoutaine k Indiana
Cincinnati Wash, k Baltimore.
Cleve. Columbus Cin. k Ind.
Sr. Louis Alton k Terre Haute.
,...Chicago Northwestern.
Missouri Kansas k Texas.
Fitchburg
Belleville & Carohdelet.
Beloit k Madison
Booneville Bridge
Boston Bnrre k Gardner
Boston Clin. Fitch, k New Bed.:...Old Colony.
New York it NcwEugland.
Boston Hartford k Erie
Boston Iloosac Tunnel iV Western . . Fitchburg.
Boston Providence & Fisbkill
New York it New England.
Brunswick it Albany
.....Brunswick it Western.
Buffalo it Eric
Lake Shore it Michigan Southern.
Buffalo New York it Philadelphia...’. Western New York it Pennsylvania.
Buffalo Pittsburg it Western
..Western New York it Pennsylvania.
Chicago Kurlington it Quincy.
Burlington it Missouri River
Burlington it Southwestern
Chicago Burlington it Quincy.
Missouri Paeitic, St. L. I. M. it Ho.
Missouri Pacific, St. L. 1. M. it So.
st Louis it < ’airo.
Cairo Vincennes it Chicago.
Central Pacific.
California Southern
Atchison Topeka it Santa Fe.
Caiudcn it Amboy...
..United New Jersey.
Canada Central
..Canadian Pacific.
Cayuga Soul hern
Geneva Ithaca k Sayre.
Cedar Rapids A Clinton
Burlington Cedar Rapids A N.
Cedar Rapids Iowa Falls it N. W
Burlington Cedar Rapids it N.
Cedar Rapids it Missouri River ...Chicago it Northwestern.
Chicago Clinton Dubuque it Minn ..(’hie. M. it'St. Paul. "
Chicago A Great Eastern
Chicago St. Louis it Pittsburg.
Chicago it Illinois River
Chicago k Alton.
Chicago Iowa it Nebraska
Chicago it Northwestern.
Cairo Arkansas it Texas
Cairo k Fulton.
Cairo it St. Louis
Cairo it Vincennes
California it Oregon
Atchison Topeka k Santa Fe.
Chicago it West Michigan.
Chicago it Northwestern.
Chicago Kansas it Western
Chicago it Michigan Lake Shore
Chicago Milwaukee it N. W
Chicago it Milwaukee
Chicago it Northwest.
Chicago it Ohio River
Chicago it Northwestern.
Chicago <t Pacific.
Chicago Milwaukee it St. Paul.
Chicago it Iowa.
Chicago Rockford it Northern
Chicago Santa Fe it California
Atchison Topeka it Santa Fe.
Chicago St. Louis it New Orleans.. .Illinois Central.
Chicago St. Louis it Paducah
Sr. Louis Alton k Terre Haute.
Chicago St. Paul it Minn
...Chic. St. Paul Minn, it Omaha.
Chicago it Southwestern
Chicago Rock Island it Pacific.
Chicago it Springfield
Illinois Central.
Chicago it Tomall
Chicago it Northwestern.
Chicago Wisconsin it Minnesota
Wisconsin Cent. Co.
Cincinnati it Baltimore
Cincinnati Wash, it Baltimore.
Cincinnati it Chicago Air Line
Chicago St. Louis it Pittsburg.
Cincinnati it Eastern
Ohio <v Northwestern. .
Cincinnati Hamilton it Indianapolis. Cincinnati Hamilton it Dayton.
Cincinnati it Indiana
Cin. Indianapolis St. Louis it Chic.
Cincinnati Lafayette k Chicago
Cin. Indianapolis St. Louis k Chic.
Cincinnati Southern
City of Cincinnati.
Cincinnati Van Wert it Michigan
.Cincinnati Jackson it Mackinaw.
.
Cleveland Mt. Vernon it Delaware..Cleveland Akron it Columbus.
Cleveland Painesvilleit Ashtabula..Lake Shore it Michigan Southern.
Cleveland it Toledo
Lake Shore it Michigan Southern.
Clevel. Tuscarawas V. it Wheeling..Cleveland Lorain k Wheeling.
Columbia it Augusta
...Charlotte Columbia it Augusta.
Col. Chicago it Indiana Central
Chicago St. Louis it Pittsburg.
Columbus it Indianapolis Central...Chicago St. Louis it Pittsburg.
Col. Hocking Valley k Toledo.
Columbus it Toledo
Connecticut Western
Hartford it Connecticut Western.
Conuotton Valley
Cleveland
Canton.
Consolidated Vermont
Central of Vermont.
Corpus Cliristi Sail I). & Rio G
Mexican National.
Covington it Lexington
Kentucky Central.
Cowley Sumner k Fort Smith
.Atchison Topeka it Santa Fe.
Current River..
Kansas City Fort Scott k Memphis.
Dakota Central
Chicago it No. West.
Dakota k
Chicago Milwaukee k St. Paul.
Great Southern
Danville it Grape Creek....
Danville Olney it Ohio River
Danville it Vincennes
Davenport it Northwest
Dayton
it Imnton
Decatur it East St. Louis
Denver Memphis it Atlantic
Denver k New Orleans
Denver Pacific
Denver’Western k Paeitic
Dea Moines k Minneapolis
Detroit it Bay City
Detroit Mackinac & Marquette
Detroit it Milwaukee
Detroit Monroe k Toledo
Dixon Peoria it Hannibal
Drummond A Philipsburg
*Dubuque Southwestern
Duck River
bnluth it Manitoba.
Duluth Short Line
Chic, it East Illinois.
Chicago it Ohio River.
Chicago k East. Illinois.
Chicago Milwaukee k St: Paul.
Dayton Fort Wayne it Chicago.
Wabash St. Louis it Pacific.
Missouri Paeitic.
Denver Texas it Gulf.
Union Pacific.
Union Pacific.
Chicago it No. Western.
Michigan Central.
Duluth South Shore k Atlantic.
Detroit Grand Haven it Milwaukee.
Lake Shore k Michigan Southern.
Chicago Burlington it Quincy.
Northern Pacific.
Chicago Milwaukee <t St. Paul.
Nashville (’hattanooga k St. Lotus.
Northern Paeitic.
St. Paul <t Duluth.
Missouri Kansas <t Texas.
£ast Tennessee. <t Georgia
^ast Tennessee & Virginia
East Tenn. Virginia k Georgia.
East Tenn. Virginia k Georgia.
St. Paul Minneapolis k Manitoba.
pastern of Miuuesota
tem
Eauto.
£{izab
.
shore (Mdd
;
Amboy
City Norfolk
£hnira State Line
"hmra Jeff. k Canandaigua
tv»oaj?aba & Lake Superior..,..
/t.
N. Y. Philadelphia k Norfolk.
Lehig-h Valley.
Norfolk Southern.
Tioga.
Northern CentraL
Ohioago k North western
Eastern (Mass.)
Maine Central.
Essex
European k North American
Evansville <t Crawfordsville
Evansville it Terre Haute.
Evansville Henderson it Nashville..Louisville it Nashville.
Evansville Rockford k Eastern
Louisville Evans ville k 8t.
Fargo & Southern
Florence El Dorado & W
Florida Central
Florida Central it Western
Florida Transit
Fort Smith k Van Buren Bridge
.
Louis
Chicago Milwaukee it St. Paul.
Atchison Topeka it Santa Fe.
Florida Railway it Navigation.
...Florida Railway it Navigation.
Florida Railway k Navigation.
d
St. Louis it San Francisco.
Framingham it Lowell
..."
.Od Colony.
Fremont Elkhorn it Missouri Val. ..Chicago it Northwestern.
fialena k Chicago
Chicago it Northwesters
Union
Seaboard it Roanoke.
Chicago <t West Michigan.|
Georgia Carolina it Northern
Grand Haven
Grand Rapids Lansing it Detroit
Detroit Lansing it Northern.
Grand Rapids Newaygo it L. Shore.. Chicago it West Michigan.
GranciRiver Valley
Michigan Central.
Wabash St. Louis it Pacific.
Great Western of 1850
Green
?
Green Bay Winona A St. Paul.
Bay it Minnesota
Greenville it Columbia
Columbia it Greenville.
Hannibal k Central Missouri
Hannibal it Naples
Harlem it Portcliestcr
Hastings k Dakota
Helena Boulder Valley it Butte
Helena it Northern
Helena it Red Mountain
Henderson Bridge Co
Missouri Kansas k Texas.
Holly Wayne it Monroe
Holyoke it Westfield..’.
Wabash St. Louis it Paeifie.
New York New Haven it
Hartford.
Chicago Milwaukee it St. Paul.
Northern Pacific.
Northern Pacific.
Northern Pacific.
Louisville it Nashville.
,
Houston it Great Northern
Hudson it River Falls
Humeston it Shenandoah
Flint it Pere Marquette.
New Haven it Northampton.
Missouri Kansas A Texas.
.(’hie. Sr. Paul Minneap. it Omaha,
Chicago Burlington it Quiney.
Louis.
Huiitinburg Tell City it Cauiiellton .Louisville Evansville it St.
I'linois Grand Trunk
Illinois Midland
Illinois it Southern Iowa
Chicago Burlington it Quiney.
Terre Haute it Peoria.
Wabash St. Louis it Paeifie.
Indianapolis (fin. it Lafayette
Cin. Indianapolis SC Louis k Chio.
Indianapolis it Cincinnati
Cin. Indianapolis St. Louis k Chic.
Indiananolis Decatur it Springfield.Indianapolis Decatur it Western.
International it Great Northern
Ionia it Lansing
Iowa
Iowa
Iowa
Iowa
Iowa
Missouri Kansas it Texas.
Detroit Lansing it Northern.
Burlington Cedar Rapids it North’ll
it Dakota
Chicago Milwaukee it St. Paul.
Midland
Chicago it Northwestern.
it Minnesota
Chicago Milwaukee it St. Paul.
Southern it Missouri North ...Chicago Rook Island k Pacific.
City it Western
Jackson Lansing it Saginaw
Janies River Valley
Jamestown it Franklin
Michigan Central.
Northern Pacific.
Lake Shore it Michigan Southern.
Jersey Shore Pine Creek it Buffalo.Pine Creek.
Joliet & Chicago
Chicago it Alton.
Junction it Breakwater
Delaware Maryland k Virginia.
Kalamazoo Allegan it Gr. Rapids ..Lake-Shore it Michigan Southern
Kalamazoo it South Haven
.Michigan Central.
Kalamazoo it White Pigeon
Lake Shore it Michigan
Kansas City it Cameron
Hannibal it St. Joseph.
Kansas City it Eastern
Missouri Pacific.
Kansas City Emporia & S
Atchison Topeka it Santa
Kansas City Lawrence it So
.Atchison Topeka it Santa Fe.
Kansas City Memp. it Birmingham.Kansas City Fort Scott it
Kansas City it Omaha
St . Joseph it Grand Island.
Kansas City St. Jos. it Council B
Chicago Burlington it Quincy
Kansas City St. Louis it Chio
.Chicago <t Alton.
r'"T:F
Kansas City Southeastern it Memp.Kansas CPv Fort Scott k Memphis.
Kansas City it Southwestern
...St. Louis it San Francisco
Kansas City Springfield it Memphis.Kansas City Fort Scott it
Kansas City Topeka it Western
Atchison Toneka. it Santa Fe.
Kansas Midland
St. Louis it San Francisco
Kansas it Missouri
Kansas City Fort S«,ott k Memphis.
Kansas it Nebraska
St. Joseph it Grand Island.
Kansas Paeitic
Union Pacific.
Southern.
F6.
Memphis.J
Memphis.
Kingman Pratt <t Western
Knoxville it Ohio
Atchison Topeka k Santa Fe.
East Tennessee Virginia it
luifayetto Bloomington it Muncie ..Lake Erie k
Georgia.
Western.
Lake Erie Wabash it St. Louis
Wabash St. Louis .t Pacific.
Lancaster it Reading
Reading it Columbia.
Lawrence
Pittsburg Youngstown & Ashtabula,
Leavenworth Atchison it N'west
Missouri Paeitic.
Leavenworth Lawrence it Galv
Atchison Topeka it Santa Fe.
Leavenworth Topeka & Southwest.. Atchison Topeka it Santa F6.
Leeds it Farmington
Maine Central.
Lehigh <t Wilkesbarre Coal Co
Leroy k Cane.v Valley
Lexington <t Southern
Lincoln k Northwestern.
Little Rock Junction
Long Dock Company
Louisiana
Louisville
Louisville
Lowell &
Central of New Jersey.
Missouri Pacific.
Missouri Pacific.
Chicago Burlington it Quincy.
Missouri Pacific.
New York Lake Erie it Western.
Chicago it Alton.
Cincinnati k Lexington..Louisville it Nashville.
N. Albany it St. Louis
Louisville Evansville it
Lawrence
Boston it Lowell
it Missouri River
Mahoning Coal
Marietta & Cincinnati
Marietta Mineral
Marietta Pittsburg
k Cleve
Maple River...
Marquette k Western
Massachusetts Central
Massawippi
Mays ville k Lexington
Memphis Kansas & Colorado
Memphis k Ohio
Memphis Paducah k Northern
Menominee River
Metropolitan Elevated
Michigan Air-Line
St. Louis.
Georgia RR. it Banking Co.
Central Railroad it Bank. Co., On.
Macon <t Augusta
Macon it Western
Marion <t McPherson
East Line it Red River
UNDER—
WILL NOW BE FOUND
FORMER NAME.
WILL NOW BE FOUND UNDER—
FORMER NAME.
Lake Shore it Michigan Southern.
(Mncinnati Wash. <t Baltimore.
Marietta Columbus k Nortiiera.
Cleveland it Marietta.
Chicago k Northwestern.
Atchison Topeka k Santa F6.
Marquette Hougton it OntonagonCentral Massachusetts.
Connecticut <t Passumpsic.
Kentucky Central.
Kansas City Fort Scott k Memphis.
Louisville k Nashville.
Chesapeake Ohio k Southwestern,
Chicago k Northwestern,
Manhattan Elevated.;
Michigan Central.-
INVESTORS'
134
FORMER NAME.
Michigan A Ohio
Michigan So. A Nortb’n Indiana
Midland of New Jersey
Milwaukee & Madison
Milwaukee A Western
SUPPLEMENT
Chicago A Northwestern.
Chicago Milwaukee & St. Paul.
Minneapolis Eastern
Chicago St. Paul Minn. & Omaha.
Minneap. St. P. A Sault Ste. Marie.
Minneapolis A Pacific
Minneap. Sault Ste. Marie A Atl’tic Minneap. St. P. & Sault Ste. Marie.
Minneapolis Union
St. Paul Minneapolis A Manitoba.
Minnesota Central
Chicago Milwaukee A St. PauP
Minnesota A Northwestern
Chicago St. Paul A Kansas City,
Minnesota St. Croix A Wisconsin... Wisconsin Central.
Minnesota Valley
Chicago Sr Northwestern.
Mississippi Central
(Chic. St. L. N. O.) Illinois Central.
Missoula A Bitter Root Valley
Northern Pacific.
Missouri River Fort Scott & Gulf ...Kansas City Fort Scott A Memphis.
WILL NOW BE FOUND UNDER—
FORMER NAME.
WILL NOW BE FOUND UNDER—
Cincinnati Jackson A Mackinaw.
Lake Shore A Michigan Southern.
N. Y. Susquehanna & Western.
[Vol. XLVI,
St. Louis Iron Mount’n A Southern.Missouri Pacific.
»t. Louis Jacksonville A Chicago
Chicago A Alton.
Missouri Pacific.
St Louis Kansas A Arizona
St. Louis Kansas City A Northern...Wabash Western.
St. Louis Kansas A South western... St. Louis A San Francisco.
St. Louis A Lexington
Missouri Pacific.
St. Louis Rock Island AC
Chicago Burlington A Quincy.
St. Louis A San Francisco.
St. Louis Salem A Arkansas.
St. Louis Salem a Little Rock
(St. L. Salem A Ark.) St. L.A S.Fran.
St. Louis A Southeastern
Louisville A Nashville.
St.
St.
St.
St.
St.
St.
St. Louis A San Francisco.
Louis Wichita A Western
Paul A Chicago
Paul Eastern Grank Trunk
Paul A Pacific
Chicago Milwaukee A St. Paul.
Milwaukee Lake Sli. A Western.
St. Paul Minneapolis A Manitoba
Chic. St. Paul Mmn. A Omaha.
Chic. St. Paul Minn. A Omaha.
Paul A Sioux City
Paul Stillwater A T. F
Missouri River RR
Missouri A Western.
Montana Central
Montclair
Missouri Pacific.
St. Louis A San Francisco.
St. Paul Minneapolis A Manitoba.
New York A Greenwood Lake.
Nashua A Lowell
Nashua A Rochester
Nashville Florence A Sheffield
Nebraska
Newark A New York
New Bedford Railroad
New Jersey Midland
New Mexico A So. Pacific
New Orleans Jackson A G. N
New Orleans A Mobile
New Orleans Pacific
Newport A Richford
Newtown A Flushing
New York Elevated
New York A Manhattan Beach
New York A Oswego Midland
New York A Rockaway
N. Y. Woodliaven A Rockaway
Niles A New Lisbon
Boston A Lowell.1
Worcester Nashua A
Cincinnati Sandusky A Cleveland.
Cincinnati Sandusky A Cleveland.
Cincinnati Sandusky A Cleveland.
Sandusky A Cleveland
Sandusky City A Indiana...
Sandusky Dayton A Cincinnati
San Pablo A Tulare
Savannah Albany A Gulf
Savannah A Charleston
Savannah A Memphis
Scioto A Hocking Valley
Sedalia Warsaw A Southern
Short Creek A Joplin
Nodaway Valley
Rochester.
Nashville Chattanooga A St. Louis.
Chicago Burlington A Quincy.
Central of New Jersey.
Old Colony.
New York Susquehanna & Western.
Atchison Topeka A Santa Fe.
(Chic. St. L N. O.) Illinois Central.
Louisville A Nashville.
Texas A Pacific.
Connecticut A Passunipsic.
Long Island.
Manhattan Elevated.
N. Y. Brooklyn A Man hat.
Beach.
New York Ontario A Western.
Long Island.
N. Y. A Rockaway Beach.
Cleveland A Mahoning Valley.
Chicago Burlington A Quincy.
Norfolk A Western.
Norfolk A Petersburg
Northern Illinois
Chicago * Northwestern.
North Missouri
Wabash Western.
North Wisconsin
Chic. Kt. Paul Minn. A Omaha.
Northern Central (Mich.)
Lake Shore A Michigan Southern.
Northern Cross
Chicago Burlington A Quincy. «•'
Nor. Pacific La Moure A Mo. Riv.. .Northern Pacific.
Northwestern Grand Trunk
Chicago A Grand Trunk.
Northwestern North Carolina
Richmond A Danville.
Northwestern Union
Chicago A Northwestern.
Ohio Central
Ohio A West Virginia
Omaha A Southwestern
Orange A Alexandria
Ottawa A Burlington
Ottawa Oswego A Fox River
Ottumwa Cedar Falls A St. Paul
Pacific of Missouri
Paducah A Elizabethtown
Painesville A Youngstown
Faris A Decatur
Tekin Lincoln A Decatur
Peninsular of Florida
Peninsular (Mich.)
Penokee
Pensacola A Atlantic
Peoria Pekin A Jacksonville
Toledo A Ohio Central.
Col. Hocking Valley A Toledo.
Chicago Burlington A Quincy.
Virginia Midland.
Atchison Topeka A Santa F6.
Chicago Burlington A Quincy.
Chicago A North west ern.
Missouri Pacific.
Chesapeake Ohio A Southwestern.
Pittsburg Paiuesville A Fairport.
Terre Haute A Peoria.
Peoria Decatur A Evansville.
Florida Railway A Navigation.
Chicago A Northwestern.
Wisconsin Central.
.Louisville A Nashville.
Wabash St. Louis A Pacific.
Pittsburg Bradford A Buffalo
Pittsburg A Connellsville
Pittsburg A Western.
Baltimore A Ohio.
Pittsburg A State Line
Buff. Rochester A Pittsburg.
Atchison Topeka A Santa Fe.
Maine Central.
Pleasant Hill A De Soto
Portland A Kennebec
Port Royal
Prairie du Chien
Pueblo A Arkansas Valley
Quincy Alton A St. Louis
Quincy A Palmyra
Quincy Sc Toledo
Quiucy A Warsaw
Port Royal A Augusta
Chicago Milwaukee A St. PauL
Atchison Topeka A 8anta Fe.
Chicago Burlington A Quincy.
Hannibal A St. Joseph.
Wabash St. Louis A Pacific.
Chicago Burlington A Quincy.
Sail Francisco Oakland A
San Joaquin Valley
Sioux
Sioux
Sioux
Alameda.Central Pacific.
City & Dakota
City A Pacific
City A St. Paul
Smith town A Port Jefferson
Sod us
Bay A Southern
Sonora
South Georgia A
St. Joseph A Grand Island.
St. Joseph A Grand Island.
St. Louis Council Bluffs A Omaha...Wahasli Western.
.Savannah Florida A Western.
St. Louis A San Francisco.
Brooklyn A Montauk.
Norfolk A Western.
Louisville A Nashville.
Savannah Florida A Western.
.Atchison Topeka A Santa Fe.
Atchison Topeka A Santa Fe.
Atcidsou 'Topeka A Santa Fe.
Chieago Milwaukee A St. Paul.
southeastern A St. Louis
Southern Georgia A Florida
Southern Kansas
Soul hern Kansas in Texas
Southern Kansas A Western
Southern Minnesota...
Southern Pennsylvania
Cumberland Valley.
Asheville A Spartansburg.
Northern Pacific.
Central of Vermont.
Sterling iron a: M y Co. (see Miscel’s)
Spartanburg A Asheville
Spokane A Palouse.
SianstoadS. A Chambly
Sterling Mountain lilt.
Pittsburg (fin. A St. Louis.
Steubenville A Indiana
Sumner County....
Atchison Topeka A Santa Fe.
.Philadelphia A Erie.
Sunbury A Erie
Taylor’s Falls A Lake Superior..
Tarkio Valley
..
St. Paul A Duluth.
Chieago Burlington A Quincj.
Missouri Kansas A Texas.
Evansville A Indianapolis.
Tebo A Neosho
Terre, Haute A Southeastern
Texas Mexican
I
Mexican National.
’Texas A St. Louis
St. Louis Arkansas A 'Texas.
Toledo Ann Arbor A Mt. Pleasant..Toledo Ann Arbor A North Mich.
Toledo Cincinnati A sr. Louis
Toledo St. Louis A Kansas Cny.
Toledo Dclphos A Burlington
Toledo St. Louis A Kansas City.
Toledo A Illinois
Wabash St. Louis A Pacific.
Toledo Logansport A Burlington
Chicago St. Louis A Pittsburg.
Toledo Peoria A Warsaw
Wabash Western.
Toledo A Wabash
Wabash St. Louis A Pacific.
Troy A Boston
Fitenburg.
Union...
Union A Logansport
Utah Southern
Northern Central.
Chic. St. Louis A Pittsburg.
...Utah Central.
Venice A Carondolet
Illinois A St Louis.
Verdigris Val. Independ’ce A West.Missouri Pacific.
Vernon Grceusburg A Rushville....Cincinnati Indianap. St.
L. A Chlo.
Waco A Northwestern
Warren A Franklin
Houston A Texas Central.
Western New York A Pennsylvania.
Warwick Valley.
Lehigh A Hudson River.
Washington City Va. Mid. A Gt So.. Virginia Midland.
Washington Ohio A Western
Richmond A Danville.
West Chester A Philadelphia
Philadelphia A Balt imore
A Sheuango
St.
Joseph A Pacific
Joseph A Western
Kansas City Fort Scott A Memphis.
Chicago Milwaukee A st. Paul.
Chieago A Northwestern.
Chic. St. Paul Minn. A Omaha.
....Long Island.
Elmira A Lake Ontario.
Atchison Topeka A Santa Fe.
Florida
Western Union Railroad
Wichita A Southwestern
Wichita A Western
Winona A St. Peter
Wisconsin Minnesota A Pacific
Wisconsin Valley...1
St.
Cincinnati Wash. A Baltimore.
Missouri Pacific.
(Mo.)
South Side (L. I.)
South Side (Va.)
Republican Valley
Chicago Burlington A Quincy.
Kansas City Fort Scott at Memphis
Richmond York Riv. A Chesapeake. Richmond A Danville.
Rochester A Pittsburg
Buffalo Rochester A Pittsburg.
Savannah Florida A Western.
Charleston A Savannah.
Columbus A Western.
South Pacific
West Pennsylvania
West Wisconsin
Western Minnesota
Western Pacific
Rich Hill
Central Pacific.
Northern (California)
Shenango A Allegheny.
Central
Chic. St. Paul Minneap. A Omaha
‘.St. Paul A Northern Paoific.
...Central Pacific.
Chicago Milwaukee A St. PauL
.Atchison Topeka A Santa Fe.
Atchison Topeka A Santa F6.
Chicago A Northwestern.
Minneapolis A St. lamia.
Chicago Milwaukee A St. raul.
ALEXANDER BARING,
H. 0. NORTHCOTE.
J. KENNEDY TOD.
Member N. Y. Stock Exchange
KENNEDY
J.
TVo.
WILLIAM
03
&
TOD
CO.
STKEET,
BANKERS.
Act as Agents for Banks,
Issue commercial credits,
Bankers and Railroad Companies.
also foreign and domestic travelers’ letters of credit in pounds sterling and
INVESTMENT
OIMR
dollars.
SECURITIES.
Buy and sell bonds, stocks and secuiities in all American, Canadian, British and Dutch markets.
Collect dividends, coupons and foreign and inland Drafts,
tsell Bills of Exchange on
Melville, Evans & Co., C. J. Hambro <fc Sou, LONDON; 11. Oyens & Son, AMSTERDAM; llottingiier & Co., PARIS.
BROWN BROTHERS & CO.,
WALL STREET, NEW YORK.
59
Chestnut Street, Philadelphia.
209
66 State Street, Boston.
AND
B RO W IV
ALEXANDER
Cor. Baltimore and Calvert Streets,
SONS,
&
Baltimore.
BUY AND SELL BILLS OF EXCHANGE
ON
Great Britain and. Ireland,
France, Germany, Belgium, Switzer¬
land, Holland, Norway, Denmark,
CO NUMERICAL
ISSUE
UI
AND
TRAVELERS’
FOR USE IN MARTINIQUE AND GUADALOUPE
Telegraphic Transfers of Money Between this Country and Europe.
ill A K E
Abroad
Drawn
on
all
Points in
tlie United
j And their London
States
Slates
on
and Canada, and
CHAPEL
of
Drafts Drawn in tile
Foreign Countries.
House, Messrs. BROWN, Sill PEE V dk CO., receive accounts ol American
Banks, Firms and Individuals upon Favorable Terms.
BROWN, SHIPLEY & CO.,
BROWN, SHIPLEY & CO.,
26
DRAFTS
OF
COLL E C T IONS
United
No.
CREDITS
STIMILINCI,
AVAILABLE IN ANY PART OF THE WORLD, AND IN FilANCS,
Make
Sweden and Australia.
STREET,
FOUNDER’S COURT, LOTHBURY, LONDON.
LIVERPOOL.
ESTABLISHED
BANKING
GEO.
1« &
K.
I IV
HOUSE
1820.
OF
SISTARE’S
18 BROAD
SONS,
STREET, NEW YORK.
a General Banking business and deal in first-class investment securities.
Government, State, County, City and Miscellaneous Bonds.
We allow interest on daily balances at tlie rate of 3 per cent per annum, and render accounts current
We transact
path month.
For parties keeping regular deposit accounts with us we collect and credit United Slates,
in this
city, without charge make careful inquiries and give the best information we can
financial interest to them ; and in general serve tlieir Interests in any Way in which we can be of use
All deposits are subject to Cheek at Sight without notice.
One of our firm is a membe. of tlie New York Stock Exchange, and we give particular attention
and credit Interest on the last day of
Railroad and other Coupons and dividends payable
obtain respecting investmehts or other matters of
to them in our line of business.
the purchase or sale, on Commission, of Bonds and Stocks.
A portion of your business is respectfully solicited.
to orders by mail, telegraph or m person, for
GEO. K, SISTARE’S SONS.
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