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V O L U M E
nVLay
LVI.
27,
1893.
WILLIAM R DANA & CO.. PUBLISHERS
102 W ILLIAM
STREET
NEW
YORK-
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i
(
I
or to others, as only a sufficient number is printed to mail one copy to each regular sub
scriber of the C H R O N I C L t .
S iih «crt| iil«n
l o th e 4 I I R O \ I C I . F , In c lu d in g b o th l U P P L E K E S T S , l« 8 10-00 p e r y e a r
In th e t 'n lt e d M u le * a n d * 12-00 In R n r o p e , In e lu d ln g p o s ta g e .
(I.nf. rr.l according to Ant o f OQagraa* In the jroar 180:', by WlIXlAJf n. D a * * A Co., In oiflco o f ttio Ulrrortnn o f Oongrc**, W»«hln»f»on, D. a )
JOHN H. DAVIS & CO.,
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lO
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C ommercial & F i nanci al [ hronicleT
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Briber o f the CHROSICUL
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ear one file cover I* supplied at the office without charge . i*.stage oa
he file la 13 cent, when mailed.
T K II n h O F M I B t C R I P T I f i R l
For One Year......................................................................f l O 00
For S it M on th............................. .............................. .
0 00
Kuropran subscription line lulling p ortage)...................... 12 00
European Subscription Bit Month. (Including pnatagei . 7 00
Annual Buhaetiptlon la London (Including poelagei ... 1 2 10a.
Six M o.
do
do
do
. . . . 1 1 10a.
W IL L IA .n
It.
DANA
A
C O ., F a h lla h e r a ,
102 Willtam Strtrl. .Yew Tor*.
P. O Box 933
PREFERRED
STOCKS OF IN D U S T R IA L
COM PA NIES.
Recent fluctuations in the prices for industrial stock*
rt»j properly lead the holders of preferred shares to a
onsiderution of their rights. Are their dividends, if
mpaid, to be cumulative ? Does the preference extend
o principal upon final distribution of asset* a* welt as
o dividends from earnings ? Has the preferred stoekloltler any special voting power, and what right has he
o say whether or not bonds shall be issued ? Such
uestions assume a high degree of importance in times
ike these when prices have had a considerable fall.
To shed light on the w bject we furnish below
struct* from the preferred certificates of nearly all the
imminent companies, arranging the names of the
ompanies alphabetically. We must caution the reader,
lowever, against assuming that we recommend these
locks for investment or intend to classify them among
uvea uncut, securities The purpose of this article is
imply to bring together in convenient shape a
ummary of information in regard to the preferred
locks of these corporations whose total capitalization
nns up into very high figures, and whose common
tocks are dealt in so heavily at the Stock Exchange.
Since the preferred certificate contains the chief
videtice of his contract possessed by the preferred
toekholder with the company, it should bo full and
xplicit in all matters pertaining to his right*. To be
ore, in determining these rights the courts may and
!o consider besides tho certificate the terms of the
Mtatnte under which the stock was issued, the com
pany • charter or certificate of organisation, its by-laws,
iho minutes of its meetings, and so on. Hut to remove
27,
1893.
as far as possible all danger of dispute with reference
to statements in any of these, the certificate of pre
ferred stock ought to define clearly the rights and priv
ileges of the holder. An illustration of the doubts
that arise where certificates are not thoroughly explicit
came to notice while preparing this compilation. It
is looked upon as a settled principle of law that pre
ferred shares have.no preference as to assets upon
liquidation unless such preference has been expressly
contracted for or is given by statute. Finding mauy
of the certificates lacking in details, and thinking
preference a s to assets and in other matters might be
granted by articles of incorporation or in some other
way, we applied to officers of certain companies for
further information.
Two New Jersey corporations
whose certificates say nothing as to a preferential claim
on assets, but whose preferred shares would appear to be
on a par in this respect, send replies that are
quite different. The Secretary of one of these compa
nies says: “ It is not claimed that ths stock of the com
pany has preference except in the matter of dividends.
There is no prior lien on the assets of the company to
the preferred stock holders.” On the other hand, an
officer of the other company write*: *‘ \Ve are ad vised by
connssl that the rights of preferred stock holders are
statutory and do not need to be defined in a charter,”
and he then refers to a section of the Now Jersey law
and to a decision based thereon which go to show
that “ in the final distribution of capital the preferred
stock is entitled to preference." According to this
interpretation the preferred share* of all New Jersey
corporations have preference both as to assets and divi
dends unless the contract provides otherwise, which in
some form or another it may do in the case of each
company.
The section of the Now Jersey law upon which this
decision rests, speaking of the final distribution of
assets, says : "A n d the surplus funds, i f any, after pay
ment of the creditors and the costs and expenses a*
aforesaid, and the preferred stork-holders, tnay be
divided and paid to the general stock holders propor
tionately,” etc. As already said, it is stated that the
courts have held that this establitbes for preference
shares in New Jersey a preferential claim on assets
above those of common shareholders. The statutes of
different States, of course, differ materially, aud articles
of incorporation may be open to various constructions ;
hence we present a plea for comprehensiveness in the
text of the preferred certificates.
The following are the extracts from the preferred
certificates of which we have copies. T o each extract
we have added, when it has seemed desirable, some
additional data obtained from certificates of organiza
tion, prospectuses and other official sources:
INVESTOKB’
AM E R IC A N COTTON O IL COMPANY.
In c o rp o ra te under the laws o f the State of New Jersey.
The preferred certificate contains the following provisions:
"T h e holders o f the preferred stock o f this company are entitled to
receive, and this company hinds itself to pay a fixed yearly dividend
thereon at the rate of 6 per cent per annum, payable semi-annually at
such dates as shall he determined from time to time by the hoard of
directors o f the company, before any dividend for such year shall he
set apart or paid on the common stock of the company; hut such pre
ferred dividend shall not he cumulative nor accumulate as a charge
upon the future earnings or income o f the company.
"Such dividends on the said preferred stock are secured by a deed of
trust, executed by said company to the Central Trust Company of New
York, as trustee, to which deed reference is hereby made as a part
hereof.
“ The preferred stock is subject to redemption at one hundred and five
dollars per share on and after January 1, 1891, at the option o f the
company, as provided in said Deed o f Trust.”
[The company’s annual report for 1891 says the preferred stock is
entitled to non-accumula tive dividends at the rate of 6 per cent per
annum, its participation in the profits being "thus limited in consid
eration of the security and income given by its preference in dividends
and in final liquidation.” The preferred stock lias like voting power
with the common stock.]
A M E R IC A N SODA F O U N T A IN COMPANY.
Incorporated under the laws of the State o f New Jersey.
Both the first and the second preferred certificates contain the follow
ing agreement:
"T h e holder hereof agrees with said American Soda Fountain Com
pany and its stockholders to the fo llo w in g:
"Th e first preferred stock is entitled, from and after February 4,1891,
to a dividend at the rate of six per centum per annum, payable out
o f the earnings o f the corporation before any dividend is set apart or
p
’aid on the second preferred stock or on the general stock. In case of
the non-payment of such dividend, it shall remain, until paid, a charge
against the net earnings o f the company, prior to all rights of the
second preferred stock and of the general stock. The first preferred
stock shall be entitled to be first paid at its face value out o f the prop
erty and assets of the corporation upon dissolution. The second pre
ferred stock is entitled from aud after the said date 1 a dividend at
o
the rate o f eight per centum per annum, payable out of the earnings of
the corporation after the payment of the aforesaid dividend at the rate
o f six per centum per annum on the first preferred stock, and before any
dividend is set apart or paid on the general stock. In case of the non
payment of such dividend, it shall remain, until paid, a charge against
the net earnings o f the company, subsequent to all rights of the first
preferred stock and prior to all rights of the general stock. The second
preferred stock shall bo entitled to be paid at its face value out o f the
property and assets of the corporation upon dissolution, after the p ay
ment at its face value o f the first preferred stock, and before the pay
ment o f the general stock. The general (common) stock shall be en
titled to the surplus earnings o f the companv, when declared in d iv i
dends, after the aforesaid dividends upon the first and second preferred
stook are paid, and shall also be entitled upon dissolution to whatever
property and assets of theeorporation remain after the payment o f the
first- and second preferred stock as aforesaid. This certificate w ill not
be valid until countersigned by the Registrar.”
The following also appears on the certificate:
" A by-law of the company provides that no bond, nor any mortgage
upon any of the property o f the company, shall be created without
consent o f the stockholders holding 90 per cent of all the preferred
stook of both olasses outstanding. The by-laws further provide that
said by-law cannot be altered, amended or repealed, except by a like
affirmative vote.”
AM E R IC A N SUGAR R E F IN IN G COM PANY.
Incorporated under the laws of the State of New Jersey.
The preferred certificates embody the fo llo w in g:
"T h is preferred stock is entitled in preference and priority over the
common stock o f said company to quarterly dividends to be paid out
o f the net profits of the company on the second days of January,
April, July and October in each year, at the rate of seven per cent per
annum. Such dividends are to be cumulative and this stock is en
titled to no other or further share of the profits. The holders o f this
stock are entitled to vote at all meetings of the stockholders, and at
all elections of the company, in the same manner as the holders o f the
common stock.”
A M E R IC A N TOBACCO COMPANY.
Incorporated under the laws o f the State of New Jersey.
The preferred stock certificate states that:
" This preferred stock is entitled to dividends not exceeding eight
per cent for each year, payable quarterly before any dividends on the
general or common stock out of the net profits of the company for
such year (but such dividends shall not be accumulative), and is also en"
titled to preference on the assets of the Company on the final distribu
tion or disposition thereof.”
[Each stockholder is entitled to one vote for each share held by him.]
A M E R IC A N T Y P E FOUNDERS’ COMPANY.
Incorporated under the laws o f the State of New Jersey.
The preferred stock certificate states that_
_
"T h e owner of the stock represented by this certificate as entered
upon the stock transfer books o f the company is entitled at any stock
holders’ meeting to two votes for each share o f stock represented
hereby. The preferred stock of the company is entitled to an annual 8
per cent cumulative dividend from November 15,1892, and in case o f
the dissolution of the company, to be paid at par before any sum can
be applied towards the payment of the common stock. No mortgage
or other lien in the nature of a mortgage on the assets of the company,
*-**> «»■ than real estate; can be authorized «*««*»♦• b 7 a nine-tenths vote
>
SUPPLEMENT.
[VOL. LVI.
o f the stockholders at a meeting called fo r the purpose, at which meet
ing at least nine-tenths of the full number of shares o f said corpora
tion is represented.”
B A R N E Y < SM ITH CAR COM PANY.
fc
Incorporated under the laws of the State of West Virginia.
The preferred certificates state th at:—
" The preferred stock of this company is entitled to an 8 per cent
cumulative dividend before tbe payment of dividends on common
stock, and is subordinate to an issue of bonds amounting in the aggre
gate to $1,000,000 and secured by mortgage on the property o f said
company. Bonds for an amount exceeding $1,000,000 and so secured
shall not be issued except upon consent o f three-fourths in interest of
the holders o f said preferred stock.”
According to statement made to the N ew Y o rk Stock Exchange the
preferred and common stocks carry same voting power, and upon dis
solution of the company w ill share equally in the distribution o f assets.
CHICAGO
JUN CTION
R A IL W A Y S & U N IO N
COM PANY.
STOCK
YARDS
Incorporated under tbe laws o f the State of New Jersey.
The preferred certificate embodies tbe follow ing :—
" Tbe holders o f preferred stock are entitled to receive in each yeai
out of the net earnings of the company a fixed yearly dividend of 6 p«
centum, payable half-yearly, before any dividends shall be paid upoi
or set apart, for tbe common stock.
" The dividends on the preferred stock are cum ulative; and if in au,
year dividends amounting to 6 per cent are not paid on said preferre*
stock, the deficiency is to be a charge upon the net earnings of tli
company, payable subsequently before any dividends are paid upono
set apart for the common stock. The holders o f preferred stock wil
in case o f liquidation or dissolution o f the company, be entitled to b
paid in full both ibe principal of their shares and the accrued dividen<
charge before any amount is paid to the holders o f the common stock.
*
H. B. C L A F L IN COM PANY.
Incorporated under the laws of the State o f New Jersey.
Both the first and second pi ef erred certificates contain the folio win,
agreem ent:
"T h e holder hereof agrees with the H. B. Claflln Company and it
stockholders to the fo llo w in g : The first preferred stock is entitle'
from and after June 15,1890, to a dividend of five per cent per annua
payable out o f the earnings of the corporation before anypajm ent i,
made on the second preferred stock or on the common stock. In cas,
of the non-payment o f such dividend it shall remain until paid a charg
against the net earnings of the company prior to the claims of tb
second preferred stock and of the common stock. In case o f liquids
tion, the first preferred stock shall be paid in full, both principal an :
accrued dividend charge, before payment is made on the second pr
ferred stock or on the common stock. The second prefer] ed stock ip.
entitled from and after June 15, 1890, to a dividend o f six per eentu .i:
per annum, payable out o f tbe earnings o f the corporation before ar u
payment is made on the common stock. In case of the non pajme-i
of such dividend it shall remain, until paid, a charge against the u
earnings of the company prior to the claims of the common stock. 1
case o f liquidation the second preferred stock shall bo paid in full, hot
principal and accrued dividend charge, before payment is made ou tl
common stock. The common stock is entitled to the surplus earning
after the claims of the first prererred stock and of the second pr
ferred stock have been paid, and in case o f liquidation is entitled
the total remaining assets after the claims of both classes of prefers
stock have been satisfied.
" The dividends on the first preferred stock are paj able in gold cr
of the United States of the weight and fineness of the year 1891.”
COLORADO FU E L & IR O N COM PANY.
Incorporated under the laws of the State o f Colorado.
The preferred certificates state that:
"T h e shares o f preferred stock shall be entitled to a cunuilati
3
dividend of 8 per cent per annum and no more, payable out of thei
earnings o f the company before any dividend shall be paid upon 1
common stock.”
[The articles of incorporation say that, "in determining the net ea
ing o f the company from which dividends on the preferred and co
men stock may be declared, a sum sufficient to provide for ibe reiliu
value of the lands or improvements by reason o f the mining out
deposits of coal or iron ore, or sufficient to replace lands so exlnutf
or improvements so depreciated shall be deducted from tbe gross ea
ings of the company.” Each stockholder is entitled to one vote
each $100 o f stock owned.]
G E N E R A L E LEC TR IC COMPANY.
Incorporated under the laws o f the State of New ^ ork.
The preferred certificates make the follow ing declaration:
“ This preferred stock is entitled in preference and priority over
common stock of said company to dividends to be paid semi-anna
out o f the net profits c f the company, at the rate o f seven per centum
annum. Such dividends are to be cumulative, and this stock is cp*1 j
to no other or further share of the profits, and is without prelWJ®0,1j ,
to principal. The holders of this stock are entitled to vete at all a M
ings of the stockholders.”
H E R R IN G -H A LL- M A R V IN COM PANY.
Incorporated under the laws o f the State o f New Jersey.
The preferred certificates contains this agreem ent:
r
"T h e holder hereof agrees with the said Herriug-Hall-Marvim
pany and its stockholders to the follo w in g: The preferred stock lfl j <
titled from and after the first djay o f June, 1892, to a cumulative !
ferential dividend or 3 per cent- p e l aunum payable out of the earn
o f the corporation before any dividend is set apart or paid or i
general stock. In case of the .iMflS-pfayinent of sueli dividend it vn. , ■
main until paid a charge again, ft fe e net earnings o f the Company)
vr
to all right of the general stock, Iftc&s# o f dissolution frt# pV * j,;
j
May,
18tS.J
INVESTORS’ SUPPLEMENT.
S
Stock shall bo entitled to be drat paid At its facejvalu e out of the and May in each year. Said stock is cumulative as to dividends and
propertv o f the corporation, The general atook is entitled to a U sur preferential as to principaL”
The second preferred share contain the follow in g:
plus earnings. when declare*! in dividend* after the dividends upon the
“ This stock is part o f un issue of two million five hundred thousand
preferred stocks hare been paid, and la entitled upon dissolution o f the
company to all the assets that remain after the payment o f the pre- dollars second preferred stock o f said oompany, issued pursuant to the
resolution endorsed hereon. Said oompany guaranteees the payment
ferret stock at It* face value."
o f dividends thereon at the rate o f 12 per centum per annum, payable
The certificate also makes this statem ent:
“ The charter o f the company and its by laws provide that no bond (for eight months) on the first day o f January. 1891, and semi-annually
aor any mort^at-e upon any o f the property of the company shall be thereafter on the first days of July and January tn each year. Said
created without the consent o f the stockholders holding 90 per cent stock is cumulative as to dividends and preferential as to principal,
o f all the preferred stock outstanding. The charter and by-laws but subordinate both as to dividends and principal to the first pre
further provide that this provision cannot be altered, amended or re ferred stock o f said company."
pealed except by the Uke affirmative vote.”
PROCTER A G AM B LE COM PANY.
Organized under the laws o f the State o f New Jersey.
LAC LED E G AS-LIG H T COM PANY.
The preferred certificate makes the follow ing statement:—
Incorporated under the laws o f the state o f Missouri.
"T h is preferred stock ls entitled to cumulative dividends o f 8 per
The preferred certlfieato* embodies the follow ing elauso:
■"The preferred stock is entitled to receive cumulative dividends lim cent for each and every year, payable out of the surplus or net profits
lied to r> per oent per annum from May I. 1939. before any dividend in arising from the business o f this company for such calendar year
any year is made upon the common stock. AU earnings In excess o f before any dividend shall be set apart or paid upon the general or
such 3 per cent are divisible among the holders o f the common stock common stock."
exclusively."
TENNESSEE COAL, IR O N A R A IL R O A D COM PANY.
P. L O R IL L A R D COMPANY.
Incorporated under the laws of the State o f New Jersey.
The preferred certtScate says th at;
“ The holders of this preferred slock are entitled to receive a cumn
stive dividend o f eight per centum per annum, payable quarterly from
the surplus or net profits arising from the business o f the company,
>efore any dividend shall be set apart or paid on the common or gen
Mat stock: this preferred stock also has priority over the common or
general stock In respect to all property am! asset* o f the company In
rase of liquidation or dissolution ”
(The application to the N. Y. Stock Exchange states that the creation
>f any bonded or mortgage debt. “ except with the consent o f holders
•f ro o m ! o f at least 75 per cent o f the preferred stock,” l* prohibited
•y charter ami by-law. Both common and preferred stocks In other
-aspects have same voting power.)
Incorporated by the state o f Tennessee. I860.
The preferred certificate* contain the follow ing:
"Said stock from and after July 1. A. I). 1833. Is entitled In pref
erence to the common *tock o f the com puny, to receive annually from
the net earnings o f the company applicable thereto, dividends of 8 per
cent per annum, which In case o f non payment shall bo cumulative,
and to have such dividends with all arrearages. If any. paid In full be
fore the declaration or payment o f any dividend upon the common
stock, and whenever the net earnings o f the company applicable to
the payment o f dividends shall be In excess o f the snm required to pay
a dividend o f 9 per centum, both on the preferred stock for the cur
rent year itogether with all arrearage* of dividends thereon. If any),
and on the common stock, such execs* may be divided pro rata be
tween the holders o f the preferred and the holders o f the common
stock.
M lC H lO A N - P E N IN s r H R CAR COM PANY.
Incorporated under the laws o f the State of Illinois.
The preferred stock certificates embrace the follow tag:
"Dividend* payable In gold coin o f the United State* o f America o f
ho standard current September 1,1392. or its equivalent.”
“ The holder o f said shares Is entitled to a cumulative dividend
lereon equal to 3 per cent o f the par value o f aald shares for each
ear from the net profits o f said company, after deducting from Its
Income, taxes, assessments, the eo»t of operation, maintenance,
uorance, repairs, renewals and Improvements, Interest on Indehtadneeessary working capital, and before any dividend can lot
aid to the holders o f the common stock o f said company, and upon
ny distribution o f the assets o f said company to receive the pardue o f »ai<l shares before payment o f the common stock, at Its face
sloe, can be made.
T H U R B K R -W H Y I.A N D COM PANY.
Incorporated under the law * o f the State o f New Jersey.
The preferred certificate state* that—
•■The holder hereof agTee* with the said Thnrher-Why land Company
and It* stockholder* to the follow in g: The preferred capital stock Is
entitled from and after Jan. 13,1301. to a dividend of eight per centum
per annnm, payable out o f the earnings o f the corporation before any
dividend shall be set apart o r paid on the general or common stock. In
ease o f the non payment o f said <Uvldead It shall remain until paid a
charge to the surplus earn legs when declared tn dividends, after the
claims o f the preferred stock have been paid."
The certificate also says that " A by law o f the company provides that no bond nor any mortgage
upon any o f the property o f the company shall bo created without
consent o f the stockholders holding 90 per cent o f all preferred stock
outstanding. The by-laws further provide that said by-law cannot be
altered, amended or repealed except by the Uke affirmative vote."
N A T IO N A L CORDAGE COM PANY.
Incorporated under the laws o f the State of New Jersey.
The preferred certificates contain these words:
“ It lo agreed between the holder hereof and the National Cordage
fo ta p a n y . and Its stockholders, a* follow s: The preferred stock Is en
! tied, from and after the first day of November, 1392. to a cumulative
' elder*'1 of eight per centum per annum, payable out of the net earno f the corporation before any payment la mule on the common
•took. In ease of non-pa< meot In fnl! o f any such j early dividend, the
diion unpaid shall be a charge against earnings of the company
: rtoe to the claim* o f the common stock. In ease o f liquidation the
eferred stock shall be paid tn full a* It* par. with all accrued and uudiv idend charges, before any payment is made on the common
oek. No bonded or mortgage debt shall be created by the company
•tthoot the consent in writing o f the holders o f 90 per centum o f the
-eferred stork, and without the Ilk* consent preferred slock shall at no
' ma be Issood for other than cash, or exceed an amount equal to onevlf of the common stork then outstanding. The common stock is
•■titled from and after the first day o f November. 1392. to non cumn
I ftlvfi dividends op to d per centum per annum, payable out of the earng* o f the company after the claims o f the preferred stock have been
Jd and before payment of any other dividends upon preferred stock
■ tM M h e payment of 8 per centum dividend upon the pre ferred stock and
per centum dividend upon the common stock, anil the reservation of
1eh surplus a* may be determined by the board of directors o f the
>mpany. any farther or other dividends shall be shared by the two
"* * • * * o f • * '* * la the ratio o f one-third to the preferred stock and
to the common stock. In case o f liquidation the common
•i 'Ck shall i>e entitled to the entire remaining assets o f the company
ter the claims of the preferred stock have been satisfied.”
N A T IO N A L L E A D COM PANT.
Incorporated under the laws of the State o f New Jersey.
, The preferred certificates contain this clause:
‘ rha holders o f this preferred stock are entitled to receive a rnmu,
t iv * « » id * n d o f seven per centum per annum, payable quarterly,
"i the surplus or net profit* arising from the business o f the company,
any dividend shall be set apart or paid on the common or
1stock.”
n a t io n a l s t a r c h m a n u f a c t u r in g c o m p a n y .
Incorporated under the law* o f the State of Kentucky,
be first preferred shares contain the follow in g:
, - I ? * *tT k ls p“ rt nt * n u' nn of ,hroB millions o f dollars first pro
J ' 1 Mn®,‘ of * * M ™ p * " f Issued pursuant to the resolution endorsed
oeon, Said company guarantee* the payment of dividend* thereon at
•
efrht p*’ r
l**r annum, payable on the first day of
• 7 , 1891, and semi annually thereafter on the first days o f November
TR E N TO N PO TTER IE S COM PANY.
incorporated under the law * o f the State o f New Jersey.
The preferred certificate states that—
''This preferred stock Is entitled to cumulative dividend* o f 3 per
es nt for each and every year, payable ont o f the surplus or net profit *
arising from the business o f this company for such calendar year
before any dividend shall be set apart or paid upon the general or
common stock."
The company’s prospectus stated that the preferred stock "w ill have
preferential lien upon all the property and assets o f the oompany. No
bond o r mortgage can be put upon the property exoept by consent o f
90 per cent o f the preferred stockholders."
TROW D IR E C TO R Y P R IN T IN G A BOOK B IN D IN G COM PANY.
Incorporated under the laws o f the State o f New Jersey.
The preferred certificate* contain the follo w in g!
“ The holder hereof agrees with the said Trow Directory Printing
A Book Binding Company and its stockholders to the follow ing: The
preferred stock is entitled from ami after July 15.1891. to a cumu
lative preferential dividend o f 3 per cent per annum, payable out o f
the earnings o f the corporation before any dividend Is set apart or
paid on the general stock. In ease o f the non-payment o f such dividend
It w ill remain nntll paid a charge against the net earnings o f the
company prior to the right* o f the general stock.
In case o f
dissolution the preferred stock will be entitle*! to bo first
paid at It* face value out of the property o f the corporation. The general
stock Is entitled to the snrplns earnings when declared In dividends,
after the dividends upon the preferred stock hare been paid, and Is
also entitled upon dissolution o f the company to all the assets that re
main after the payment o f the preferred stock at its face value." - uufi
The certificates also bear the following:
t
" A by-law o f the company provide* that no bond or any mortgage
upon any o f the propertr o f the company shall be created without the
consent of the stockholders holding 90 per cent o f all the preferred
stock outstanding. The by-laws further provide that said by-law can
not be alte.red, amended or appealed except by a like affirmative vote.”
U N ITE D STATES RUBBER COM PANY.
Incorporated under the laws o f the State o f New Jersey.
The preferred certificate contains the follow ing agreement:—
•• I t I* agreed between the holder hereof and the United States Rub
ber Company and Its stockholders a* fellows : The preferred stock shall
receive as semi-annual dividends all net earnings o f the company de
termined and declared as dividends by the directors In each fiscal year
up to hnt not exceeding an amount equal to 3 per cent o f all outstand
ing preferred stock before any dividends shall bo set apart or paid on
4
INVESTORS’
w
..
- — ■— ■ ■ ■
«
■1
~
1
the general stock. Such dividends’upon the preferred stock shall not
ho cumulative, and the preferred stock shall not be entitlod to partici
pate in any other or additional earnings or profits. In case o f liquida
tion or dissolution of the company, the preferred stock shall be paid in
full at its par value before any payment is made upon the general
stock, and shall not thereafter participate in any of the property o f the
company or proceeds of the liquidation.
“ No bonded or mortgage debt shall be created by the company, with
out the consent in writing first obtained o f the holders of at least
three-fourths of all general stock as well of at least three-fourths of
all preferred stock o f the company outstanding at the time. The total
amount of preferred stock at any tim e outstanding shall not exceed
one-half of the entire outstanding capital stock of the company.”
TH E U N ITE D STATES L E A T H E R COMPANY.
Incorporated under the laws of the State o f N ew Jersey. Capital
stock $120,000,000, of which $60,000,000 is preferred stock.
The preferred certificates state that —
“ It is mutually agreed between the holder hereof and the United
States Leather Company and its stockholders as follows: The pre
ferred stock is entitled from and after the first day o f May, 1893, to a
cumulative dividend of 8 per cent per annum, payable out of the net
earnings of the company before any payment is made on the common
stock, and in case of nonpayment in full of any such jrearly dividend
the portion unpaid shall be a charge, without interest, upon the earn
ings o f the company prior to the claims o f the common stock. In case
of liquidation the preferred stock shall be paid in fu ll at its par, to
gether with all earned and unpaid dividends, before an v payment is
made on the common stock. No bond, no debenture except those
hereinafter mentioned and no mortgage shall at any time be made,
assumed or guaranteed by the company or by anv company the ma
jority o f the capital stock of which is owned or controlled by this com
pany, without the consent o f the holders o f record of 80 per centum of
the preferred stock then outstanding. The common stock is entitled
from and after the first day o f May, 1S93, to all dividends declared
and payable out of the net earnings o f the company after the divi
dends have been paid upon the preferred stock, and in case of liquida
tion the common stock shall be entitled to the entire assets of the
company remaining after the payment in full at its par or the pre
ferred stock then outstanding together with all dividends thereon
earned and unpaid. The stock of this compan • is subject to the rights
»
of the holders of the 6 per cent sinking fim d debentures dated May 3,
1893, issued or to be issued by this company to the amount of ten
million dollars ($10,000,000).”
W ESTINGHOUSE E LEC TR IC & M A N U FAC TU R IN G .
Incorporated under the laws of the State o f Pennsylvania.
The preferred certificates s a v :
“ This stock is a first preferred stock and the holders thereof are en
titled to a seven per cent annual preferential cumulative dividend
payable at the option of the directors annually or at intervals during
the year and also to a pro rata share of dividends declared in anv one.
year after seven per cent dividends shall have been paid in that
year upon the other stocks o f the company outstandieg and also to a
preference over all other stocks in the assets o f the company.”
[A ll classes o f stock have same voting power.]
H E N R Y R. >VOhTHINGTOX.
Incorporated under the law3 o f the State of N ew Jersey.
The preferred stock certificate recites th at—
“ The preferred stock is entitled to a fixed cumulative dividend at
the rate o f 7 per cent per annum for each and every fiscal year, p a r
able semi-annually at such dates as shall be from tim e to time fixed
by the board o f directors o f the company, before any dividends for
such fiscal year shall be set apart or paid upon the general or common
stock of the company, and is also entitled to priority and preference
over the general or common stock in respeet to all property or assets
o f the company in the event of liquidation or dissolution.”
The trust company offering this stock states that no bonded debt
“ can be created except b / vote of holders of 75 per cent of the pre
ferred stock.”
RAILROAD AND OTHER MAPS IN
SUPPLEMENT
TH*
The railroad maps in the Su p p l e m e n t and maps of certain
coal companies’ properties may be referred to easily by the
index below. These maps are prepared with much care in the
CHRONICLE office, and are intended to show as clearly as poss
SUPPLEMENT.
[Vol. I/VI,
ible the precise location of the various railroads represented*
and their strategic position in commanding business.
Ma p .
P age.
Atlantic A Paciflo. See Atchison Topeka A Santa F e..... 10,11, 12, 13
Atchison Topeka & Santa F e ................................ ........... 10,13, 12, 13
Baltimore & Ohio................................................................................. 15
Baltimore A Ohio Southwestern. See Baltimore & O hio.................. 15
Buffalo Rochester A P ittsb u rg............................................................ 19
Canada Southern. See New Y ork Central.......................................... 95
Centralia A Chester............................................................................. 25
Central Paciflo. See Southern P a c ific ................................................ 135
Central Railroad of G eorgia..............................................
22
Central RR. of N ew Jersey.................................................................. 24
Chesapeake A Ohio............................................................................... 27
Chicago Burlington & Quincy............................................................. 29
Chicago & Eastern Illin ois...............................................................
31
Chicago Great W estern....................................................................... 33
Chicago Milwaukee A St. P au l............................................................. 34
Chicago & Northern Pacific................................................................ 36
Chicago A Northwestern...................................................................... 37
Chicago Rock Island & Pacific............................................................ 40
Chicago St. Paul A Kansas City. Sec Chicago A Great W e s te rn ___ 33
Cincinnati Hamilton A Dayton........................................................... 42
Cleveland Akron & Columbus............................................................. 44
Cleveland Canton A Southern............................................................. 45
Cleveland Cincinnati Chicago A St. Louis........................................... 46
Colorado Fuel A I r o n ..........................................................................153
Colorado Midland. See Atchison Topeka A Santa F e ........................ 12
Columbus Hocking Valley & Toledo................................................. 48
Columbus Shawnee A H o ck in g.......................................................... 50
Delaware & Hudson Canal Co.’ s Lines................................................ 51
Delaware Lackawanna & Western..................................................... 53
Denver A Rio Grande......................................................................... 55
Dubuque A Sioux City. See Illinois Central....................................... 67
East Shore Term inal............................................................................ 56
Elgin Joliet & Eastern......................................................................... 58
Evansville A Terre Haute................................................................... 60
Flint & Pere Marquette....................................................................... 62
Galveston Harrisburg A San Antonio. See Southern Pacific............ 135Grand Rapids & Indiana. See Pennsylvania R R ............................... 113
Great Northern................................................................................... 65
Houston A Texas Central. See Southern Pacific............................... 135
Illinois Central..................................................................................... 67
Kanawha & Michigan. See Toledo & Ohio Central............................139
Kansas City & Independence A ir L in e ............................................... 72'
Kansas City Pittsburg & G ulf............................................................ 70
Kansas City Suburban B elt................................................................ 72
Kansas City Watkins & G ulf.............................................................. 74
Lake Erie & Western............................................................................ 75
Lake Shore A Michigan Southern. See New York Central............... 95
Louisville Evansville & St. Louis. See Evansville A Terre H au te... 60
Louisville & Nashville......................................................................... 78
Louisville New Albany & Chicago....................................................... 80
Louisville St. Louis A Texas................................................................ 82
Mexican Central.................................................................................. 84
Michigan Central. See New Y ork Central......................................... 95
Minneapolis Street R ailw ay (See Tw in City Rapid Transit)............. 161
Minneapolis St. Paul A S. Ste. M arie.................................................. 88
Missouri Kansas & Texas.................................................................... 89
Mobile & Ohio...................................................................................... 91
Nashville Chattanooga A St. Louis..................................................... 93
New York Central A Hudson R iv e r.................................................... 95
New York Chicago A St. Louis. See New York Central.................... 95
New York Ontario A Western............................................................. 98
New Y ork Susquehanna A Western.....................................................300
Norfolk & Western........................................................................ 102-3 03
Northern Pacific.................................................................................. 105
Ohio R iver............................................................................................ 107
Ohio Southern.......................................................................................109
Oregon Short Line & Utah Northern. See Union P aciflo.................. 142
Paducah Tennessee & Alabam a......................................................... I l l
Pennsylvania.......................................................................................113
Peoria Decatur & Evansville. See Evansville & Terre Haute......... 60
Philadelphia & Erie. See Pennsylvania Railroad......................
113
Philadelphia & Reading.......................................................................115
Philadelphia Reading A N ew England...............................................117
Pittsburg Cincinnati Chicago A St. Louis........................................... 119
Pittsburg Fort Wayne A Chicago. See Pennsylvania R a ilro a d ....... 113
Pittsburg Shenango A Lake E rie......................................................... 121
Richmond A D anville...................-...................................................... 12g
Rio Grande Southern. See Denver A Rio Grande.............................. 55
Rio Grande Western..................................................................... ...126
St. Louis Alton A Terre H aute....................................................
128
St. Louis A San Francisco. See Atchison system............................... 11
St. Paul City. See T w in City Rapid Transit......................................361
San Antonio A Aransas Pass................................................................130
Shenandoah Valley. See Norfolk A Western......................................102
Sioux City A Northern......................................................................... 133
Southern Pacific Company................................................................... 135
Toledo Ann Arbor A North Michigan..................................................137
Toledo A Ohio Central......................................................................... 139
Toledo A Ohio Central Extension........................................................340
Tw in City Rapid Transit..................................................................... 16l
Union Pacific........................................................................................ 142
Union Pacific Denver A G ulf............................................................... 144
Virginia Midland. See Richmond A D anville......................................123
Wisconsin Central Companies................................................................149.-
5
IN D E X
M a y , 1898 ]
IN D E X
TO
C O M PANIES— CONSOLIDATED,
Ac.
The names of companies not given in the S u p p l e m e n t tables in their alphabetical order w ill be found in the Index below.
Many railroads have lost their original title by foreclosure or consolidation, while others have been practically merged by
lease or by purchase of their stock ; the names of such companies are given below, together with the title of the present
organization under which their securities may be found.
KAMEL
WILL BE FOUND UNDER—
Adirondack A St. Lawrence............ Mohawk k Malone
Akron k Chicago Junction.............Baltimore k Ohio.
Alabama Central............................ East Tenn. Virginia A Georgia.
Albany Florida k Northern........... Savannah Americus k Montgomery.
Albemarle k Raleigh...................... Wilmington * Weldon.
A lley Elevated ............................... Chicago k South Side Rapid Transit.
American Dock k Improvement Co..Central of New Jersey.
Am erica* Preston k Lum pkin....... Savannah Americus k Montgomery.
Ashtabula k Pittsburg. ...............Pittsburg Youngstown A Ashtabula.
Atchison A Nebraska.......................Chicago Burlington A Quincy.
Atchison k Pike’s Peak................... Central Branch Union Pacific.
Atlantic Coast Lin e........................ Wilmington A Weldon.
Atl. C. Line St. John A Ind. River. .Jacksonville Tampa A K ey West.
Atlantic k Great Western...............New York Pennsylvania A Ohio.
Atlantic A G ulf............................... Savannah Florida A Western.
Atlantic Mississippi k Ohio.............Norfolk A Western.
Atlantic A Northwest..................... Canadian Pacific.
Atlantic A Pacific...........................See Atchison System.
Angusta A K n o x ville...................... Port Roval A Western Carolina.
Baltim ore Belt...............................Baltimore A Ohio.
Baltimore A Cumberland................ Western Maryland.
Baltimore A Hanover..................... Western Maryland.
Baltimore A Harrisburg................. Western M an land.
Baltimore A New Y'ork...... .............Baltimore A Ohio.
Battle Creek A Sturgis...................Lake Shore A Michigan Southern.
Bay City A Battle Creek................. Michigan Central.
Belfast A Mooaehaad...................... Maine Central.
Bellefontainr A Indiana..................Clev. On. Chic. A St. Louis.
Bollerllie A Carondelet................... SL Louis Alton A Terre Haute.
Belleville A Eldorado...................... SL Louis Alton A Terre Haute.
Belleville A Southern Illinois......... St. Louis Alton A Terre Haute.
Bell’ s Gap....................................... Pennsylvania A Northwestern.
Black R iver A Morristown............. Rome Watertown A Omlensburg.
Birmingham Equipment................ Kansas City Mcuip. A Birmingham.
Bluff Point Improvement............... Delaware A Hudson Canal.
BoonevlUe Bridge............................ Missouri Kansas A Texas.
Boonevilit* st. Loot# A Southern___Missouri Pacific.
Boston ftarrr a Gardner................Fitchburg.
Boston CUn. Fitch. A New Bed...... Old Colony.
Baaton Concord A Montreal..........Concord A Montreal.
Boston Hartford A E rie................. New Y'ork A New England.
Boston Uooaac Tunnel A W eatem.. Fitchburg.
Boston Providence A FtshkiU......... New Y'ork A New England.
Boston Wtnthrop A Shore...............Boston Revere Beach A Lynn.
Brooklyn A Montauk .....................lx*ug Island.
Brunswick A ChlUirotbe.............. .Wabash.
Branswlrk A Western................... .Savannah Florida A Western.
Buckingham R a ilro ad ...............C h esap ea k e A Ohio.
Buffalo A E r ie ..................... .......... Lake Shore A Michigan Southern.
Buffalo New Y'ork A Philadelphia.. Western New Y'ork A Pennsylvania.
Bnrtlngton A Missouri R iver...........Chicago Burlington A Quincy.
Busk Tunnel................................... Atchison Sya.—Colorado Midland.
Cairo Arkansas A Texaa ................ Ml«*j>ur1 Pacific—8t- I* I. M. A So.
<hdro A St. L o u U ............................ St. Louis A Cairo.
dBiro Short Lin e............................. St. Ixiul* Alton A Terre Haute.
Cairo Vinvrtines A Chicago............Cleveland a n . Chicago A St. Louis.
California A Oregon........................Central Pacific
ObBMSen A A m b o y .......................... United New Jersey.
f p » *da C entral...............................Canadian Pacific.
Wipe Girardeau Southwestern....... St. L Cape Girardeau A Fort Smith.
Oarbondale A Shawneetown...........8t. Louis Alton A Terre Haute.
Gedar Rapid* A Clinton ................ Burlington Cedar Rapid* A North’ n.
Cedar Rapids Iowa Fall* A N. W Burlington Cedar Rapid* A North'n.
Oftdar Rapid* A Missouri R iver......Chicago A Northwestern.
Central Io w a ............... .................. Iowa Central.
O iotral Washington ..................... Northern Pacific.
Charlottesville A R apldan............. Virginia Midland.
Chattanooga Rome A Columbus___Savannah A Western.
m m k ir ti..........................................Fitchburg.
W e a g o A Atlantic ..........................Chicago A Erie.
<*toago A Calumet Term inal......... Chicago A Northern Pacific.
Chicago Clinton Dubuque A Minn .Chicago Milwaukee A St. Paul.
Jm aagoA Great E astern ...............Pittsburg d o . Chicago A St. LouJ*.
Chicago A Great Western...... ........Chicago A Northern Pacific.
Chieagn a Indiana Coal................ Chicago A Eastern Illinois.
Chicago A I o w a ................. ....... ..Chicago Burlington A Quincy.
<tok>ago Kansas A Nebraska.......... Chicago Rock r*land A Pacific.
A Michigan Lake sh ore... .Chicago A West Michigan.
Chicago Milwaukee A N. W.. . . . . . . ..Chicago A Northwestern.
£ “ « • * » * HUwwiluw................. »..,C (ilc**o A X R U iV M to n .
Jirf®**® * North M leh ln o . ........C bieoico A W e.t Mtrhltran.
* F h U c ............................ CUOMO Milwaukee A St. Paul.
taueMO Santa F* A CaUforula....... Atchison Topeka A Santa Ko.
S®*®**® * 8t............-........... Atohlwn Topoka A Manta Fe.
c g e a fo St. Umi* A Now Orlean*.. llllnot* Central.
CMea*o a t Bont* A Paducah......... St. LouU Alton A Torre Haute.
a s ? * ® St. LcmU A Pittsburg........ P itu V r * (TnctnnaU Chicago A St. L.
J?,1
®®*® 8L Paul A Kanaaa C ity... Chicago Groat Wmtern
thlCMo 8 t Paul A Minn
......... Chicago St. Pan! Minn A Omaha.
tJ U M o A Sonthweetern..............C h icago Bock I.lnn.i A Pacific.
JAicaao A Sjirin(rhel4...................... QHnoU Central.
A Tfunah,............... ......... Chicago A Xofthweatern.
wiaconaio A Minnesota .. Wlacoaatn Central Co.
tABCInnan A Baltimore .................. Baltimore A Ohio Southwestern.
ttnelnnatlHamCt."1A Indlanapolljt.flnclnnati Hamilton A lMvton.
UBelnnatl tint St. LouU A Chicago, Cleveland O n. Chle. A St. LouU.
Lafayette A Chicago... Clcceland O n. Ohio. A S t Lou la
2 lr,l" 1 ‘! " i * Chicago .. PltUh'ntCincinnati Chicago A Sc L.
'
ITncinnatl Samlmkr A Cleveland. Cleveland ClB. chic. A SL Ixjui*.
a y ! 1 1 1 Southern ..... ............... Cincinnati New Orleans A T er. I nc.
" " 1
* Michigan......Cleveland O n. Chle. A St. LmiG.
Wash, A Baltimore------ Baltimore k Ohio Southwestern.
8 2 2 l 8 f ® . ‘k 2 ? ,t* C a ro lin a ........ Richmond A Danville.
.
c is n e 1
X ..................Pennaylvanla A North weatem.
c u ? !? . “ tnmlnmia Coal............. Beech Creek.
m
n e « 2 i2 2 S ‘ -antoti. .................. Cleveland Canton A Southern.
>*sl... flevelan d (In . Ohio A SL Louis.
V * w >**J«n* Cleveland Lorain A Wheeling.
fn in Sati. u i a .
c i S v ! Cr?.tral. .......................... '«»•* n Paelfle Denver A Gulf.
,
....................Cnlr n ra n nr
................... Hsa Atchison “ System.
VWUTO ii..ft A A u g u sta ...................... Charlotte I Oiumiua .* augusiA.
fVilnnwrirTtt.ci_
...................... t n i r w i n Columbia A Augusta.
International k Great
Cilf.r»Mi« r E i 1 f i . l L : ..............**•••-International A Great Northern.
l>k »r«4 n Fuel k
C.
,
p,n .....................Colorado Pool A Iron.
. f y 1 --..
.................Colorado Fuel A Iron.
Col ^ n ! ton n ertln * A Terminal Norfolk A Weatem.
Colnmhna i l l f i * ° *
...... ...
Hocking Valiev A Toledo.
C olon . T i
Central. Plttah. Cincinnati ( ’hie. A St. LouU.
Colon,hu* * R'-me.......................... Savannah A Weatern.
NAME.
WILL BE FOUND UNDER—
Columbus k Toledo......................... Col. Hocking Valley & Toledo.
Omnibus k Western......................Savannah k Weatern.
Concord.......................................... Concord k Montreal.
Connecticut Western......................Hartford & Connecticut Weatern.
Consolidated Terminal R ailw ay......Kansas City Suburban Belt.
Consolidated Vermont.................... Central o f Vermont.
Corning Cowanesque k An trim ...... Fall Brook.
Coshocton k Southern.....................Cleveland Canton k Southern.
Covington k Lexington.................. Kentucky Cent.—Louisville k Nash.
Current R iver.................................. Kansas City Fort Scott k Memphis,
Dakota Central............................... Chicago k Northwestern.
Dakota k Great Southern............... Chicago Milwaukee k HL Paul.
Dallas k Waco.................................Missouri Kansas k Texas.
Danbury k Norwalk...................... N ew Y’ ork New Haven k Hartford.
Danville k Grape Creek..................Chicago k East Illinois.
Danville k Western.........................Richmond k Danville.
Dayton Fort Wayne k Chicago...... Cincinnati Dayton k Ironton
De Bardeleben.................................Tenn. Coal k iron (Miscel.1
Delano Land.................................. Lehigh Valley.
Denver Pacific............................... Union Pacific.
Denver & Rio Grande W estern ..... Rio Grande Western.
Denver Texas k Fort W orth .......... Union Pacific Denver k Goif.
Denver Texas A G ulf.......................Union Pacific Denver k Gulf.
Dea Moines k Minnesota.................Chicago A North western.
Detroit A Bay a t y ..........................Michigan Central.
Detroit Mackinac A Marquette...... See Miscellaneous Companies.
Detroit Monroe A Toledo................ Lake Short* k Michigan Southern.^
Duck R iver..................................... Nashville Chattanooga A Si. Louis
Duluth A Manitoba.........................Northern Pacific.
Duluth Short IJne.......................... St. Paul A Duluth.
Dutchess County...... ......................Phila. Heading A Now England.
Ka*t Llue A Red R iver................... Missouri Kansas A Texas.
Eastern o f Massachusetts...............Boston A Maine.
Eastern o f Minnesota......................Great Northern.
Easton A A m b o y.............................Lehigh Valley.
KUxabethtown Lexlng. A Big Sandy .Chesapeake A Ohio.
E r ie ................................................. New Y ork I-ake Erie A Western.
Escanaba A I*ake rtuperior............. Chicago A N*orthw« ot* n.
European A North Am erican......... Maine Control.
Evansville A Craw fords v l l l e .........Evansville A Terre Haute.
Evansville Henderson A Nashville. Louisville A Nashville.
Evansville Rockford A E astern___ Louisville Evansville A 8t. Loui*.
F argo A bouthern ......................... Chicago Milwaukee A St. Paul.
Florida (tailway A N avigation.... . Florida Central A Peninsular.
Florida Southern............................ Jacksonville Tampa A K ey Wert.
Fort 8mlth A V an Buren Bridge___Atchison 8ys.~St. Lo. A Han Fran
’
Frankfort A Houtheastcrn.............T o led o Ann Arbor A No. Michigan.
Fremont Elkhom A Missouri Val.. Chicago A Northwestern.
Fulton Elevated
........................... Kings County Elevated.
Grand Rapid* Lansing A Detroit .. .Detroit Lansing A Northern.
Grand Rapid* Newaygo A D Hhore.Chicago A West Michigan.
Grand R iver Valley........................ Michigan Central.
.
Greenville A Columbia....................Columbia A Greenville.
Harlem A Portchester................... New York New Haven A Hartford.
Hastings A Dakota........................ Chicago Milwaukee A St. PauL
Helena A Red Mountain................Northern Pacific.
H ereford .................................. . . . . Maine Central.
Holly Wayne A Monroe.................. Flint A Per© M arquette
Hol vokc A Westfield...............
Nf N Haven A Northampton.
ilousatonlc...................................... New York New Haven A Hartford.
Haineston A Shenandoah ................Chicago Burlington A Quincy.
HuntinburgTrl! a t y A Cannellton. Louisv. Evansv. A St. Louis Consol.
Huntington A Big Handy................ Ohio River.
Illinois Midland.............. ............... Terre Haute A Peoria.
Illinois A HL Louis ........................Ix»ni*rlUe Evansv. A 81. L. Consol
Indiana Bloomington oe western___Peoria A Eastern.
Indiana A Lake Michigan^.............Terre Haute A Indianapolis.
Indianapolis a n A Lafayette..........Cleveland Cln. Ohic. A HL Louis.
Indianapolis Deeatur A Springfield..Indianapolis Springfield A West’ll.
(ndlatiApoll* Decatur A Western .Indianapolis Springfield A Wost’n.
Indlananoli* A 8t. Louis................. Cleveland Ctn. Chic. A 8t. Loula.
Ionia A Lan sin g......................... ..Detroit Isinslng A Northern.
Iowa a t y A Western...................... Burlington Cedar Rapids A North's.
Iowa A Dakota ............................. Chicago Milwaukee A 8L Paul.
Iowa Fall* A Sioux a t y .................. Dubuque A Sioux a t y .
Iowa Midland.................................. Chicago A Northwestern.
Iowa A Minnesota.......................... Chicago Milwaukee A 8t. Paul
Jackson I^ansing A Saginaw.......... Michigan Central.
Jackson vllle Southeastern............. Chicago Poorta A St. Louis.
Ja4*ksonviUe Ixiulsville A 3t. I»uis.Chicago Peoria A St. Louis.
<r Valley ....................... Northern PiiHtir.
Jamestown A FranklJn................... I>«ke Shore A Michigan Southern.
Jefferson Madison A Indianapolis.. Pittsburg Cincinnati Chic. A S t L.
Joliet A Chicago............................. Chicago A Alton.
Junction A Breakwater..................Delaware Maryland A Virginia.
Kalamaxoo Allegan A Or. Rapids. .Lake Shor<* A Michigan Southern.
Kalamazoo A South Haven.......... Michigan Central.
Kalamazoo A White Pigeon............ Lake Hhore A Michigan Southern.
Kanawha A O h io ........................... Kanawha A Michigan.
Kansas A Arkansas Valley........... Missouri Par. fHt. L. I. Mt- A So.)
Kansas City A Beatrice................. .Kansas a t y Wyandotte A N. W.
Kansas City Fort Hcott A G u lf....... Kansas a t y Fort Scott A Memphis.
Kansas a t y A Memphis Ry. Bridge..Kansas City Fort Scott A Memphis.
Kansas a t y A Omaha....... ...........HL Joseph A Grand Island.
Kansas a t r SL Louis A Chicago___Chicago A Alton.
Kansas City Southeastern A Mcuip. Kaunas City Fort Scott A Memphis.
L.i nsas City A South western.......... Atchison Hys.—St. L. A San Fran.
Kansas City Springfield A Memphis.Kansas City Fort Scott A Memphis.
KunsasCity Topeka A Western...... Atchison Topeka A Santa Fe.
Kansas Equipm ent........................Kansas C ltf Fort Scott A Memphis.
Kansas Midland............................ ..Atchison Hys.—8L L. A Han Fran.
L ;insas A Missouri.......................... Kansas City Fort Scott A Memphis.
Kansas Pacific................................Union Pacific.
Keithsburg Bridge......................... Iowa Central.
Kentucky cen tral........................... Isiuisviilc A Nashville.
Knox A Lincoln ............................ Maine Central.
Knoxville A Ohio............................ East Tennessee Virginia A Georgia
K noxville Southern..................... ..Marietta A North Georgia.
Lackawanna A Southwestern.........Central N. Y. A Western.
Lackawanna A Susquehanna.........Delaware A Hudson.
Lam a*ter A Beading...................... Heading A Columbia.
Ioiwrenee........................................ Pittsburg Youngstown A Ashtabula.
I,eed* A Farmington....................... Maine Central.
I>ehigh A Susquehanna...................Lehigh Coal A Navigation.
I^ ro y A Caney Valley.................... Missouri Pacific.
6
INVESTORS’
SUPPLEMENT.
NAME.
WILL BE FOUND UNDER—
Lincoln & Northwestern.................. Chicago Burlington At Quincy.
Lincoln Park & Charlotte...............Buffalo Rochester & Pittsburg.
L ittle Rook Junction...................... Missouri Pacific.
Little Rock & Fort Smith................ Missouri Pacific.
Long Branch < Sea Shore............... Central New Jersey.
fe
Long Dock Company...................... New York Lake Erie At V estern.
N
Long Island City & Flushing.......... Long Island.
Louisiana & Missouri R iver............Chicago At Alton.
Jouisville Cincinnati & Lexington..Louisville & Nashville.
Louisville N ew Orleans At Texas... .Illinois Central.
.
Louisville & St. Louis...................... Chicago Peoria At St. Louis.
Low ell At Lawrence........................ Boston At Lowell.
IWIacon At Augusta...........................Georgia RR. At Banking Co.
Mahoning Coal................................ Lake Shore At Michigan Southern.
ManitobaSouthwest’n Colonization. Canadian Pacific.
Marietta Columbus At Northern..... Toledo At Ohio Central Extension.
Marietta Mineral........................... Toledo At Ohio Central Extension.
Maple R iver....................................Chicago At Northwestern.
Marquette Hougton & Ontonagon...Duluth South Shore & Atlantic.
Maryland Central...........................Baltimore & Lehigh.
M assawippi..................................... Connecticut At Passumpsic.
Maysville At Lexington................... Kentucky Central.—Louis. At Nash.
McKeesport At Bellovernon........... Pittsb.McKeesport AtY'oughioglieny
Memphis Clarksville & Louisville. ..Louisville & Nashville.
Memphis Equipment...................... Kansas City Memphis & Birming’m.
Memphis Kansas At Colorado.......... Kansas City Fort Scott & Memphis
Memphis < Ohio............................. Louisville At Nashville.
fc
Merchants’ Bridge...........................St. Louis Merch’ts’ Bridge Ter. RR.
Menominee R iver............................ Chicago At Northwestern.
Metropolitan Elevated................... Manhattan Elevated.
Metropolitan F erry......................... Long Island.
Michigan A ir Lin e........................... Michigan Central.
Michigan Equipment..................- . .Chicago & West Michigan.
Michigan At Ohio............................. Cincinnati Jackson & Mackinaw.
Midland of Indiana.........................Chicago and Southeastern.
Midland of New Jersey................... N ew York Susquehanna & Western.
Milwaukee At Madison.................... Chicago & Northwestern.
Milwaukee & Northern................... Chicago Milwaukee & St. Paul.
Minneapolis At Duluth.....................Minneapolis & St. Louis.
Minneapolis At Pacific......................Minneap. St. P. At Sault Ste. Marie.
Minneap. Sault Ste. Marie At A tl’tic.Minneap. St. P. At Sault Ste. Marie.
Minneapolis Union......................... Great Northern.
Minnesota Central.......................... Chicago Milwaukee & St. Paul.
Minnesota At Northwestern.............Chicago Great Western.
Minnesota St. Croix At Wisconsin.. .Wisconsin Central Company.
Minnesota V alley........................... Chicago At Northwestern.
Missisquoi V alley............................Central Vermont.
Mississippi River Bridge................ Chicago & Alton.
Missouri Kansas At Eastern............. Missouri Kansas At Texas.
Missouri Valley At Blair RR. Bridge. Chicago At Northwestern.
Missouri & Western........................ Atchison System—St. L. &J9. Fran.
Monongahela R iver........................ Baltimore At Ohio.
Montana Central............................ Great Northern.
Morris Canal.................................. Lehigh Valley RR.
Muskegon Grand Rapids At Indiana.Grand Rapids & Indiana.
Nashua & L ow ell........................... Boston & Lowell.
Nashua At Rochester....................... Worcester Nashua & Rochester.
Nebraska......................................... Chicago Burlington At Quincy.
Nebraska & Western........................Sioux City O’Neill At Western.
N ew Albany Belt At T erm in a l....... Kentucky At Indiana Bridge.
N ew Bedford Railroad....................Old Colony.
N ew Brunswick............................. Canadian Pacific.
Newburg & N ew Y o rk .....................New Y ork Lake Erie & Western.
N ew Castle & Shenango V alley....... New York Pennsylvania & Ohio.
N ew Haven At D erby...................... New York New Haven & Hartford.
N ew Jersey Midland........................N ew York Susquehanna A Western.
c
New Jersey Southern...................... Central o f New Jersey.
New Mexico A Southern Pacific...... Atchison Topeka & Santa Fe.
c
New Orleans & G ulf......................... N ew Orleans & Southern.
N ew Orleans At M obile............r...... Louisville At Nashville.
New Orleans Pacific............... . ...... Texas At Pacific.
Newport At Riehford....................... Connecticut A Passumpsic.
c
Newtown & Flushing..................... Long Island.
New York Elevated........................ Manhattan Elevated.
N ew York & E rie............................ New York Lake Erie A Western.
c
N ew York At Long Branch...............Central of N ew Jersey.
N ew York At Manhattan Beach....... N. YT. Brooklyn A Manhat. Beach.
c
N ew York Providence A Boston___N ew York N ew Haven At Hartford.
c
N ew York At Oswego M idland.........New York Ontario At Western.
New York At Rockaway.................. Long Island.
N. Y. Woodhaven & Rockaway....... New York & Rockaway Beach.
Nodaway V alley..............................Kan. City St. Jos. A Council Bluffs.
c
Norfolk & Petersburg...................... Norfolk & Western.
Norfolk Southern............................Norfolk & Southern.
Northern Illinois.............................Chicago & Northwestern.
North Missouri................................ Wabash.
North Shore..................................... Canadian Pacific.
North Wisconsin..............................Chic. St. Paul Minn. & Omaha.
Northern Pacific At Manitoba T e r.. .Northern Pacific.
Northern Pacific At Montana...........Northern Pacific.
Northwestern Grand Trunk........... Chicago & Grand Trunk.
Northwestern North Carolina.........Richmond A Danville.
c
Northwestern Union....................... Chicago At Northwestern.
Northwest V irginia......................... Baltimore & Ohio.
Ocean Steamship............................Cent. RR. A Banking Co. o f Georgia
c
Ogdensburg Transit........................Ogdensburg At Lake Champlain.
Ohio Central................................... Toledo A Ohio Central.
c
Ohio Indiana & Western................. Peoria A Eastern.
c
Ohio At Northwestern...................... Cincinnati Portsmouth A Virginia.
c
Ohio At West V irginia...................... Col. Hocking Valley < Toledo.
fe
Omaha At Southwestern.................. Chicago Burlington A Quincy.
c
Ontario & Quebec............................Canadian Pacific.
Oregon Short Line.......................... Oregon Short Line & Utah Northern.
Oswego A Rom e..............................Rome Watertown A Ogdensburg.
c
c
Ottawa Oswego & Fox R iver.......... Chicago BurlingtonAc Quinev.
Ottumwa Cedar Falls At St. Paul___Chicago A Northwestern.
c
Oxford A Clarksville....................... Richmond & Danville.
s
P acific Coast................................... Oregon Improvement Co.
Pacific o f Missouri.......................... Missouri Pacific.
Pacific Short L in e...........................Sioux City O’Neill & Western.
Paducah At Elizabethtown.............. Chesapeake Ohio & Southwestern.
Peninsular (Mich)........................... Chicago At Northwestern.
Pennsylvania At N. Y. Canal........... Lehigh Valley.
Penobscot Shore Line..................... Maine Central.
Pensacola A Atlan tic................ — Louisville & Nashville.
c
Philadelphia Marlton & Medford...Camden < Atlantic.
fc
Pittsburg Cincinnati At St. Louis___ Pitts. Cinn. Chic. At St. Louis.
Pittsburg At Connellsville............... Baltimore & Ohio.
Pittsfield At North Adams...............Boston At Albanv.
Plant System.................................. Savannan Florida & Western.
Pleasant H ill At Do Soto.................. Kansas City Clinton A Springfield.
c
P ort Huron At North western.......... Flin t At Pere Marquette.
Portland At Kennebec......................Maine Central.
Portland At Ogdensburg................. Maine Centaal.
Portsmouth Great Falls At Conway .Boston At Maine.
Prairie du Chien..............................Chicago Milwaukee & St. Paul.
Quincy Alton At St. Louis............... Chicago Burlington A Quincy.
t
[V ol. LVI,
NAME.
WILL BE FOUND UNDEfi—
Ravenswood Spencer At Glenville..Ohio River.
Republican V alley...........................Chicago Burlington At Quincy.
Rhode Island At Massachusetts........New Y ork A N ew England.
s
Rich H ill..........................................Kansas City Fort Scott At M em phis
Richmond At Alleghany.................. Chesapeake At Ohio.
Richmond York R iver At Chesapeake. Richmond At Danville.
Rochester At Pittsburg..................... Buffalo Rochester At Pittsburg.
Roanoke At Southern........................Norfolk At Western.
Rome At Carrollton...........................Savannah At Western.
Saginaw A Western....................... Detroit Lansing At Northern.
s
St. Charles B ridge.......................... Wabash.
St. Joseph At Io w a ............................Chicago Rock Island At Pacific.
St. Joseph At Western...................... St. Joseph At Grand Island.
St. Lawrence At O ttaw a...................Canadian Pacific.
St. Louis Alton At Springfield......... St. Louis Chicago At St. PauL
St. Louis Arkansas At Texas............ St. Louis Southwestern.
St. Louis Bridge At Tunnel............... Terminal Association o f St. Louie7
St. Louis A: Chicago......................... North At South RR. of Illinois.
St. Louis Council Bluffs At Omaha...Wabash.
St. Louis Iron Mount’n At Southern..Missouri Pacific System.
St. Louis Jacksonville At Chicago— Chicago At Alton.
St. Louis Kansas City At Northern...Wabaeli.
St. Louis Kansas At Southwestern... Atch. System, St. Louis At San Fran,.
St. Louis Salem At Arkansas........... Atch. System, St. Louis & San Fran
St. Louis At San Francisco............... See Atchison “ System.”
St. Louis Southern........................... St. Louis Alton At Terre Haute.
St. Louis Wichita & Western...........Atch. System, St. Louis At San Fran..
St. Paul Eastern Grand Trunk........Milwaukee Lake Shore At Western..
St. Paul Minneapolis At Manitoba..Great Northern.
St. Paul At Pacific............................ Great Northern.
St. Paul At Sioux C ity...................... Chic. St. Paul Minn. At Omaha.
St. Paul Stillwater & T. F ............... Chic. St. Paul Minn. At Omaha,
Salem At Low ell............................... Boston At Albany.
Sanford At Lake Eustis................... Jacksonville Tampa At K ey West*San Joaquin V a lley.........................Central Pacific.
San Pablo At Tulare......................... Northern (California).
Sandusky At Columbus Short Line..Columbus Shawnee At Hocking.
Sault St. M arie At Southwestern...... Chic. St. P. Minneapolis At OmahMv
Savannah At A tlan tic.....................Central o f Georgia.
Savannah Albany At G ulf.................Savannah Florida At Western.
Savannah At Charleston................... Charleston At Savannah.
Schenectady At Duanesburg............ Delaware At Hudson.
Schuvlkill R iver East Side...............Baltimore At Ohio.
Scioto V alley At N ew England......... Norfolk At Western.
Seaboard A ir L in e.......................... Seaboard & Roanoke.
Seattle At Northern.......................... Oregon Improvement.
Shawnee At Muskingum R R ............ Columbus Shawnee At Hocking.Sheffield At Birmingham.................. Birmingham Sheffield At Tcnn.RiveK.
Shenandoah V a lley.......................... Norfolk At Western.
Sherman Denison At Dallas...........Missouri Kansas At Texas.
Short Creek At Joplin.......................Kansas City Fort Scott At M em ph is
Sioux City At Pacific........................Chicago At Northwestern.
Sioux City At St. P aul...................... See Miscellaneous Companies.
Shreveport At Houston................... Houston At Shreveport.
Smithtown At P ort Jefferson............Long Island.
Sodus Bay At Southern..................... Elmira At Lake Ontario.
Sonora.............................................. Atchison Topeka At Santa Fe.
South Georgia At Florida..................Savannah Florida At Western.
South Side (V a.)............................... Norfolk A Western.
c
Southeastern At St. Louis.-............... Louisville At Nashville.
Southern California........................ Atchison Topeka At Santa Fe.
Southern Georgia & Florida............ Savannah Florida At Western.
Southern Kansas.............................Atchison Topeka At Santa Fe.
Southern Kansas in Texas.............. Atchison Topeka At Santa Fe.
Southern Kansas At Western........... Atchison Topeka At Santa Fe.
Southern Minnesota........................ Chicago Milwaukee At St. PauL
Southern Pacific Branch................. Southern Pacific o f California.
Southern Pennsylvania...................Cumberland Valley.
Spokane At Palouse..........................Northern Pacific.
Sterling Mountain R R .....................Sterling Iron At R ’ y Co. (see Misoel
Steubenville At Indiana................... Pittsburg Cinn. Chic. & St. Louis.
;
Stockton At Copperopolis................. Southern Pacific of California.
Sturgis Goshen At St. Louis............. Lake Shore At Michigfti Southern.
Sugar Refineries..............................American Sugar Refining.
Sugar Trust..................................... American Sugar Refining.
Sunbury At E rie............................... Philadelphia At Erie.
Syracuse Northern.......................... Rome W atertown At Ogdensburg.
Syracuse Ontario At New Y o rk ___West Shore.
T a y lo r’s Falls At Lake Superior...... St. Paul At Duluth.
Tarkio V a lley.................................. Kan. City St. Jos. At Council BluffB'
Tebo At Neoslio................................. Missouri Kansas & Texas.
Tennessee M idland......................... Paducah Tennessee At Alabama.
Terre Haute At Southeastern..........Evansville At Indianapolis.
Texas M exican................................Mexican NationaL
Texas At St. Louis........................... .St. Louis Southwestern.
Toledo Ann Arbor At Cadillac......... Toledo Ann Arbor At North Mmh.
Toledo Ann Arbor At Grand Trunk.. Toledo Ann Arbor A
t
Toledo Ann Arbor At Lake Mickigan.Toledo Ann Arbor At North Mich*!
Toledo Ann Arbor At Mt. Pleasant. .Toledo Ann Arbor At North Mien.
Toledo B e lt...................................... Wheeling At Lake Erie.
Toledo Cincinnati At St. Louis.........Toledo St. Louis At Kansas City.
Toledo Columbus At Cincinnati....... Toledo At Ohio Central.
Toronto Grey At Bruce.................. . .Canadian Pacific.
Troy At Boston.................................Fitchburg.
.
,
Tunnel RR. of St. Louis.................. Terminal Ass’n of St. Louis (MiseeU n io n .............................................. Northern CentraL
Union R ail wav of Chatt anooga......Chattanooga Union.
Union E levated............................... Brooklyn Elevated.
T
Union At Logansport...................... Pittsburg Cincin. Chicago & St. u
Union Ter. Ry. o f Kansas City, Kan. Kansas City Suburban B e lt
Upper Coos...................................... Maine Central, . w .y .
Utah At Northern.............................Oregon Short Line & Utah NortJr%
Utah Southern.................................Oregon Short Line At Utah North n
Utica At Black R iver........................ Rome Watertown At Ogdensburg.
Venice At Carondelet...................... Louisville Evansville & St. Loute.
Verdigris Val. Independ’ce At West. .Missouri Pacific.
Vicksburg At Meridian.................... Alabama At Vicksburg.
Virginia & Tennessee......................Norfolk At Western.
W a c o AtNorthwestern..................... Houston At Texas Central.
W are................................................Boston At Albany.
.
Warren At Franklin..........................Western New York AtPennsylvanst
Warwick V alley............................... Lehigh At Hudson River.
Washington City Va. Slid. At Gt. So.Virginia Midland.
Washington City At Point Lookout.Baltim ore At Ohio.
Washington Ohio At Western...........Richmond At Danville.
Wavnesburg At Canton.................... Cleveland Canton &
Western Minnesota..........................St. Paul At Northern Pacific.
Western Pacific............................... Central Pacific.
nmah*
West Wisconsin................................Chic. St. Paul Minneap. At Omaha
Wichita At W estern...........................Atchison Topeka At Santa re.
Willmar At Sioux Falls................... Great Northern.
Winona At St. P eter..........................Chicago At Northwestern.
Wisconsin At Minnesota................... Wisconsin Central Company.
Wisconsin Minnesota At Pacific....... Minneapolis At St. Loam.
Wisconsin V a lley............................. Chicago Milwaukee & St. vaiu.
Y o rk & Peach Bottom ................... Baltimore & Lehigh.
Zanesville Term inal....................... Columhus Shawnee & Hocking
STOCK
AND
BOND
TABLES
XOTES.
These tables are expressly intended to be used In connection with the information concerning investment matters published from week
week In the C h ro n icle . A t the conclusion o f the statement for each company, therefore, is furnished a complete index of a ll items per
ming to that company published in the Chronicle within the last eighteen months. Annual reports are in black-faced figures.
In case any company eannot be found in its regular alphabetical order (the railroads being arranged together first, and miscellaneous
les following), reference should be made to the index to roads leased and consolidated.
•*dividends" appealing In the text are those which have actually been paid during the calendar years named, Irrespective of when
»y have been earned; hence they often differ from the dividends reported with the earnings for the same years respectively.
R
"n e t earnings” as used in this Bcpi 'LEREnt is meant the earnings remaining after deducting operating expenses, but not Interest od
ntals or other fixed charges. Some companies report net earnings before and some after deducting taxes,
following will give explanations o f each o f the columns o f the tables below :
w a —Abbreviations used are: M. for •• m ortgage: ” gen. M. for " general m ortgage: ’’ eon. M. or consol. M. for “ consolidated mortg e ; ” Inc. M. for “ income m o rtg a g e ;" g. for " g o l d ; ” guar, for “ gu aranteed;" guar. p. A i. for "guaranteed principal and inreet;” cum. for "c u m u la tiv e ;" noa-cum. for “ non-cumulative;” conv. for “ con vertib le;” pref. for "p r e fe r r e d ;” g. f. for "s in k in g
a d ;” 1 gT. for "la n d g r a n t;" r. for " registered; " o. for •• coupon; ” e.* for “ coupon bat may be registered as to prin cip al;” c. A
.
for "coupon stands for January and J ly F. c ;” end. for "e n August; "r e 8., for redeemable, meaning subject and October ;
Men Payable.—J. A J. and registered;” br. foru "b;r a n A hA., February and d o rs e d ;” M. A d ."March and September; A. A O., April to call before
sturity (so and at 100” means D., June call at p a ri; " 'r n ” or “ draw n” for January; call for the sinking February; Q.—M ..
M .A N ., May "red . November; J. A sahject to and December;d Q.—J., quarterly from subject to Q.—F., quarterly fromfund from time to
| time when drawn by lo t; " p. m ." for " p e r mile,” thus $15,000 p. tn. means $15,000 per mile.
quarterly from March.
Mfc o f Bonds.—The date o f Stock*, lost dividend.—The date In this oolumnthis column.
ds.principal teben due; issue on the face o f the bonds is referred to in shows the period when thsjirtncJpal falls due o f bonde. but the tim e
« o f Hoad.—Opposite stocks, this means the miles of road ow n ed ; opposite bonds, the miles covered by the mortgage.
when the last dividend was paid on stocks.
t or Par Value.—dhows (In dollars unless otherwise marked), the denominations or par value, “ 100, Ac.,” signifying $100 and larger,
i !e Per Cent.—The Interest per fannum r e a t f a v o rbonds, ibut unlessm e d ia t e n o t ic e o f a n y e r r o r fd is cdividend for stocks; T a b le s . gold?
S u b s c r ib e r * w i l l c o n e r a g is given for b y g v i n g Im otherwise Indicated the per cent o laet o v e r e d In th e s e g. means
x, e x tra ; a stock or scrip; per an. means per annum, so 6 per an. (M. A N.) means 6 per cent yearly, payable 3 per oeut in May and 3 per
Bonds—Prlnci
RAII.ROAD8.
INTE RE ST OR DIVIDENDS.
cent in November.
Mile* Date Sixe, or
pal,When Dne
Amount
9 explanation of column heading*, Ac., see note* of
of
Par
Rate per When Where Parable, and br Stocks—I m X
Bow! ttoudu Value. OuutJtndlng Cent.
above.
Dividend.
Payabli*
Whom.
{
d iro a d oe k .-ls i M $2,000,000, gold. gu. p. * I.
57
Atximm (treat Southern—Common " B ” shales....(
red " A ” shares,*; per cent (cum. for 6 years) 2ifO
•rtgage. gold..............................................c
tS te rl £1.1 60,000.red.at I I 0 June 1,’9 8 .c 200
tnrea, gold..................................................
e certificates sinking fund.........................
> Midland—Common slock......................... i . . . .
“ ■eferrM stock. 0 per ceut, non .cumulative.......
t M art. guar, by 8av. Fla. A W., gold.............e
175
t M..Sprague to I.uveme, $15,000 p. m.gold. f
33
•T 0. Tee. d Par. June.—Deferred " B ” share*.
eferred " A ” Shares, 6 p. e. cumulative............
... “ ebem. income till Nov. 1895—Bee te x t......c
t debentures,redeemable after 1010 at 115. .c!
debenture*, inoomc, subject to call at 100
m a d Vicksburg—8tock..................................I 143
)ka- A Merld. 1st M. gd., subj. to call lili 1897
143
» * • A Vicks, consol. IstM .. ($1,800,000) gold..
143
1 mortgage, Inc.till Apr., 1891, non-cum., gold. 143
. M n y d Susg - Stock, dlvt'd* guar. b yD .A R.(end).
• m a y City loan (sinking fund, 1 perct. yearly).? 142
i , T M. (guar, p. A1 by p, A ff. end, on bonds).c*at
1
1l J
1892
....
1878
1-H 8
H
1**6
1H«H
....
lt»n*
1890
....
1890
\HiH)
1890
1881
1889
1880
...
1865
1870
$1,009 $1,000,000
4 4 g.
410 4 1,506,000 8#^ trxt.
410
4676.070 6 tier an.
•1.000 #1,7.50*000
6 4*
4100
4 476.000
5 4.
£100
413l,ixto
U g.
V»riou*.
4
£53,237
♦100
$2,623,000
• U ni
1.600,000
#1.000
2,H«K),(K8I
» f600,000
1,‘ SS)
8 6*
410 42.500.000
410 41.600.000
£100
4746,^50
5 44 UX> 4 1.048.300
5 k.
4 100
4810,70<J
410O
$700,000
3
1.000
l.ooo.ooo
a k10O Ac.
516,800
5 g.
100 Ac.
700.000
5 43,500,000 See text100
1.000,000
1,000
6
1,'KKI 10.000,000 O g A 7
d lr o n d a e k —Owns from .Saratoga to North Creek. N.Y.. 57 miles,
w l authorised, $1,000,000; outstanding. ♦2.600,000; par. $ loo. The
•Bit carry the endorsed guaranty o f the Delaware A Hudson as to
W ' tpai and interest; the $1,000,000 bonds unissued may
sold for
Unstons at $20.1* 8) jier mile o f completed roa<i—trustee, V. 8. Trust
Cgtn year 1891 92 gross earnings, $181,786: net over taxes, etc.,
•$•-'74, against $46,275 tn 1890-91. (V. 55, p. 588.)
- ilr o n d a r k A *1. L a w r e n c e , —8E*MOHAWK A M a lo ne .
t s b s m a G r e a t N o o I h r r i i . —f Her Map East Trnncssrt Virginia d
$ *!(«/ .—Own* WanhAtciile. Tenn., tn Meridian. Miss.. 290 miles ; leases
wthatshle to Chattanooga. 5 miles; total operated. 295 miles. Also
• kk rsekage, H a Par. RR., Woodlawn Bessemer branch, ID miles.
g .C ’-axixatio n .--Reorganised a* now N or. 30, 1877, after fore
a J P re. A n English company of the same title owns all tlie stock and Is
f. ^ “ “ "lled by the Hast Tennessee Virginia A Georgia Kit. Co . the
• ” r being now in receivers'hand*. A majority o f stock o f Chatta
an a Unlon-whlch sec—was purchased In 1891 by Ala. Or. So.
_ J iC «c -O f the capital stock o f the Kngilsh Com pa nr the Hast Ten
* G»- ,n April. 1*90, purchase,! £$40,000 " A ” shares
7„ *783.010 ” B“ shares, and pledged them to secure It*Cincinnati KxMkqnbonds. V. 50. p. 580. The English and American companies
W lo ln tly $1,000,000 Cincinnati New Orleans A Texas Pacific stock.
Interest on bonds net profits are to la- applied as
M(> ® i” "r *9911 on preferred •• A ” shares . On to 4 t>er cent on
J rertjfieaU s ; (e) to appropriation of a sullicient sum to retire
tm -d certlSeates In 10 years; idi to dlrldend on " B " shares.
“ A ” n****>tlng shares for period alnoe December 31,
fo
P*rwrat: in 1890.0; In 1891,0 per cen t: tn 1892,6.
wnusa B It* per cent was paid 1891; In 1892, December, 1 ** p. c.
tre o fz S i* ***? general mortgage bonds unissued 9484,000 are in
n s . J f i . c 1 V1 . ’ "* mortgage Imnd* and debenture* at maturity,
™ *
airusl Jane, 1892. Inrludlnglnterest, $192,863.
1 »0 «.-J a ly 1 1892. tn Mar. 31,1893 (9 months), gross *1,102,
atost *1.483,988 In 1891-92 ; net. $275,296. against $164,618.
°u‘'s 5 * P,'JJr - f,|'*ral year ends June 30. Report for 1891-92
- i n * ! ? 1’ 10 8 “ 1891-92 gross earn in g.w ere*1 ,-s 1.931;
44.739; other Income, 930,000; interest on bonds, $218,220;
!* « )* _ ! ! * * • • * ■ *9.857; balance for stock, *206,653. fn 1890-91
i l l ,
m
Ml V M
T l t T i ln'y,Cn' ’ 9620,751.—(V. 53. p. 324,
41a
Owns from Balnbridge.Ga., to Montgomerytob.
branch. Sprague Junction to l.nverne. :i?l miles;
S s J **- f 98 tnn«k. Interest on the first mortgage due In 1928 tins
i t s e l f V5 " l ”‘T fea t and tbe twsnd* stamped principal and
ire •
' n *°b l by Hie Savannah Florida A Western. Tliere
lie ,n c h iiJ lfn da uuaasentcl. No arrangement was made with
nno. . * if?r bands. mostly held by the Plant Investment Co. For 0
• i u lb 1 / iS
VS?/ 8™** comings *221.23 t; net over bet
•
f ™
? o’. i ? 1* ’< * rfM $»30,29O. The Plant Investment
1
”
*8 *
con,n,on * n'1 tl«0 0 .0 O 0 preferred stock
SI. A 8. N.Y.0f.,21 OonlaodtStl»n<lon.
do
M A N
J. A J N .Y.,Fan u.I.A Tr.A Bo.
J. A 1
> London, (ilyn Mill*.
do
do
F. A A.
do
do
....
Mar. 1. 1942
Dec., 1892
Dec .1892
Jan. 1, 1908
I>e«x 1. 1927
Aug. 15.190 i
By slnk'g fund
M A N N.Y .Met’ poiitan Tr.Co.
J. A D.
....
..........................
Nov. 1, 1020
Dec. 1, 1929
M. A N.
See remark*.
W * remarks.
r$
M. A N.
Her remark*.
A. A O.
Y early.
Cincinnati, onice.
A. A 0. N. Y „ Central Trust Co.
A. A O.
do
do
A. A O.
do
do
J. A J. N.Y..Dcl.AHud.Can.Co.
do
do
M. A N.
A. A O.
do
do
Nov. 1,1910-40
Nov. 1.1910-40
Nov. 1, 1940
Nov. 17, 1892
Apr. 1. 1921
Apr. 1, 1921
Apr. 1, 1921
Jan. 2. 1893
1895-1897
April 1. 1906
A la b a m a N e w O r le a n s T e x a s A P a g in g J u n c t io n ( L t m • le d .)—This Is an Kngilsh company controlling the Alabama A Vicks
burg, 142 miles; Vicksburg Shreveport A Pacific, 189 miles; N e w
Orleans A North Eastern, lOS'mllea; Spanish Fort Railway, 13 m iles.
OttOAsnxATlos.—Reorganixcd In 1891 by plan in V. 51, p. 537,
fixed charges being reduced from 4130,000 per annum to 437,500.
Bonds .—Until Nov. 1. 1805, the " A ” debentures are entitled t o
receive Interest only If earned, but unpaid Interest is cumulative. They,
as also tbe " B ” debuntnres, are redeemable at the option o f the com
pany after Nov. 1,1910, at 115. The --B ” and " C ” debentures ares
noth Incomes for tlielr fnll term, receiving Interest only If earned, and
arc a seeoiid and third charge on earnings respectively. The “ C ” dob
entures are subject to call at nay time at par, on six months'notioe.
Coupons paid ss follows: On A deheninrea to and including May 1,
1893, all conpons In full to date. On B debenture* : In 1891 2*» per
cent; In 1892, 13 10*.
WkCCitiTins O w n e d .—'The rouiimny holds the follow ing securities,
vix.: O f Alabama A Vicksburg $30,000 1st mortgage. $141,100 consols,
$387,700 2d mortgage Incomes and $187,700 spick; of Vicksburg Shreve
port A Pacific. *3.692.(88) 1st mortgage, $1,361,000 3d mortgage.
$-191,800 4 p.c.Incomes and $1,591,000stock; o f New Orleans A North
Eastern, $t.90O.OOO 1st mortgage and $1,320,000 stock; of New Or
leans Bpanlsb Fort A I.aks RR., $300,000 first mortgage and $200,000
common stock; o f Cincinnati Houthern, $532,000 stock.
K arnino s .—8 «e separate statement In this S ui-p l e r e n t for each o f
the controlled companies, and earnings In CllRoNICI.fi under Cin. N. O.
A l . P . For 12 months ending Dec. 31, 1892, receipts from inveetmenta were 468.121; after meeting general expense# <g3,998). Income
tax (k 1,398),Interest on " A ” debenture# K36.506I. Ac., there remained
a balance of £28,050 (Including £1,832 surplus o f previous year) from
which paid 2 >* per cent on B incomes, leaving £2,496 unappropriate a.
A la b a m a A V ic k s b u r g . —Owns Vleksbnrg to Meridian. Miss.,a*gl
branch, 143 miles. It is mainly owned and controlled by the Alabama
New Orleans Texas A Pacific J unction Co.—which see. The Vicksburg A
Meridian was sold Feb. 4,1889 (see V.48,p. 190),and reorganized as now.
D iv id e n d s .—From Nov., 1890, to Nov., 1892, lncl., 3 p. c. yearly.
Bonds .—The new seconds are Income (non-cumulative as to earning*!
till Apr. 1. 1891, and are a first lien on the Vicksburg A Meridian landn
(120,(89 aeres). Interest, If earnings fall short, being payable from
land sales: when Interest is paid from earnings land sales go to sinking
fund; trustees. Central Trust Co.. A ll coupons on incomes have been
paid to Apr. 1. 1893. Of the $1,800,000 consul* authorized, $1,000,000’
are with trustee to retire V. A M. firsts.
E srninos .—From July 1, 1892, to Dee. 31, 1892 (6 months), gros»
earnings. $120,341, against $193,097 In 1891; net, $52,000, against
$110,972. In year 1801-92 gross $192,741; net, $142,032; interest,
$120,702; dividend, $21,000; balance, surplus. $331. In 1890-9*
gro**, $618,400; net, $149,905. (V. 55, p. 543; V. 50. p. 500.)
A Ib a n y A fio a a a c h a n n a .—( She Map Delaware dHudson.I—R o A »
Owns Albany, N. Y., to Binghamton. N. V., 142 miles. Branches,
Dnanesbnrg Junction, N. Y , to Bchenectady, 14 miles; Ooblesklll,
N. Y.. to Cherry Valley, 21 miles; Lackawanna A Susquehanna RR., 22
miles; East GlcnvIUe to Coons, 10 miles; total operated, 209 m ile *.
INVESTORS’ SUPPLEMENT.
8
|V o l , L V I .
S u b s c r ib e r * w i l l c o n fe r a g re a t f a v o r l>y g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d i n th e se T a b le s .
IN TE R E S T OR DIVIDENDS.
RAILRO AD S.
Miles Date Size, or
Amount
Par
When
of
of
For explanation of column headings, «fcc., see notes
Outstanding Rate per Payable Where Payable and by
Cent.
Road. Bonds Value.
Whom.
on first page o f tables.
Allegheny < Kinxua—1st M., fo r .$500,000, gold..c*
£
Allegheny Valley—Common stock for $12,000,000..
Preferred stock for $18,000,000, 3 per cent cum.
1st mort main line (R iver D ivision)..................c*
1st mort., Eastern Ext., guar, by Penn. R R ...... c
Mort. to State Pa., $100,000 due Jan. 1, yearly..r
Allentown Terminal R R — 1st mort., guar, gold
Annapolis Washington rff Baltimore................
Arcadia, Gulf, Coast,LakeVd—Stock ($1,500,000)..
Ark. M idland.—1stM. ($6,000 p. m .)g.,red.atll0.c*
Asheville < Spartanburg—1st mortgage, gold.
£
1890
259
259
132
110
242
259
3
20*2
1866
1870
1870
1892
1889
254
34
1891
1885
3887
1892
1879
1879
471
143
1888
1885
6,619
6,619
New 2d mortgage gold, class A ...................... c&i 6,619
do
do
class B, see remarks............ c&i 6,619
Equip. Tr., Ser.A, g., $250,000 drn. y’rly at par..c.
....
Atchison System.—Atlantic < Pacific.—
£
Guar, trust mortgage gold, (redeemable at 105) .c’1 692
West. Division 2d M. guar.,g. (s. f. drawn at 105).c” 560
Inc. bonds, non-cum., W.D. ($18,750p.m.)..c\fci
1889
1889
1892
1892
1892
Astoria <•Portland.—1st mortgage.........................
£
Atchison Col. it Pacific—1st M.($16,000 p. m.) g
Atchison Jewell Co. <• Wes/.—1st M., guar. C. B.
£
Atchison Topeka & Santa Fe—Stock................
Chicago & St. Louis 1st mort. ($10,000 per mile)
Old bonds not assenting to the reorganization...
74
66
66
1887
1887
1880
$1,000
$485,000
5 g.
50 10,544,200
50 15,646,500
1,000
4,000,000
7-30
$&£
10,000,000 6 g. or 7
100,000
1,600,000
5
1,000
1,372,000
4 g.
1,000
450,000
4 g.
100
358,000 See text.
100
500,000
1,000
6 g.
0)
1,000
500,000
6 g.
1,000
215,000
6 g.
1,000
480,000
6
1,000
4,070,000
6
1,000
542,000
6
100 102,000,000
5,000
7,000,000
6
1,000
1,500,000
6
1,577,910
500 &c. 129,922,500
4 g500 &c. See text.
5 g.
500 &c. 80,000,000 2^2 to 4g
500 &c.
5,000,000
4 g500 &c.
2,250,00»>
5 g.
1,000
18,794,000
1,000 See remarks
50 &c. 12,000,000
F. & A.
J.
A.
j.
M.
J.
j.
&
&
&
&
&
&
In default.
Stocks—Last
Dividend.
In installm’ta,
J. N.Y.,Phila. & Pittsburg.
0. Phil., Pa. RR. Co. & Lon.
j . Philadelphia,Pa. RR.Co
S.
do
do
J. N ew York and Phila.
j.
Baltimore.
Mch. 1, 1896
April 1, 1910
J. & J. N. Y., Central Tr. Co.
A. & 0. April,’92, coup, last pd.
J. & J.
M. & N.
In default.
Q .-F . N.Y.Un.Tr.Co.&Boston.
Q .-F . N.Y.Un.Tr.Co.&Boston.
July 1, 1911
A p ril 1, 1925
July 1, 1931
1932
May 1, 1908
May 1, 190*
Nov. 15,1888
Nov. 1, 189?
Mch. 1, 191,
Various.
July 1, 198
July 1, 198
July 1, 199
July 1, 198
Jan.l ’94-19(
M. & N. N. Y., Bank o f N. Amer.
M. & S. N.Y., Farm’s L. &Tr. Co.
J. & J. 1N. Y . Union Trust, >
Sept. 1. 5Boston and London. >
A. & 0.
do
do
A. & 0 .
do
do
j . & j . New Y ork and London.
Mch. 1, 1941 J
July 1, 191? !
Jan. 1, 189?
4 g. j . & j . N. Y., Mercantile Tr. Co. Jan. 1, 1 1
9do
do
Sept. 1, 19(
6 g- M. & S.
A. & O.
6
Oct. 1, 19:
L eased for 150 years from February, 1870, to Delaware & Hudson I A t c h is o n C o lo r a d o Sc P a c i f i c . —Owns W aterville, Kan., to Was
Canal Co., which Dec 31,1892, owned $450,000 stock. Lessee guaran ington, Kan., 20 miles; Greenleaf, Kan., to Logan, Kan., 155 mile
tees 7 per cent per annum on stock till the Albany City loan for $1,000,- Logan to Lenora, Kan., 25 m iles; Downs, Kan., to Ball City, Kan.,!
000 is paid by sinking fund, thereafter 9 per cent. (See wording of miles; Yuma, Kan., to Warwick, Kan., 31 miles; total, 254 miles. ^
guaranty in V. 56, p. 774.) The Albany sinking fund receives $10,000 extension of the Central Branch Union Pacific, which leased it in Iff!
fter annum and interest on investments, the latter in June, ’91, amount for 25 years, and guaranteed the bonds, principal and interest, by e.
ing to $474,275. Additions and betterments charged to lessors, and cost dorsement.
Controlled by Union Pacific, but operated by Missou
made part of investment. B onds—The consolidated mortgage is for Pacific. Sto c k , $1,522,400 (par $100), of which U. P. owns $920,30
$10,000,000, of which $3,000,000 are 7 per cents, currency; the princi R e n t a l , $254,370 yearly.
pal of the 6s is also payable in “ lawful money,” but the interest in gold.
A t c h is o n J e w e l l C o u n t y Sc W e s t e r n . —Jamestown, Kan.t
E arning s .—For nine months ending March 31, 1893, surplus over
charges was $649,189, against $389,093 m 1891-92. In year ending Burr Oak, Kan., 34 miles. Under same auspices and control as Atckis
June 30, 1892, gross $3,880,464, against $3,790,164 in 1890-91; net, Colorado & Pacific. Stock, $202,800 (par $100), of which Uni*
$1,681,672. against $1,533,573; surplus over charges, $505,055. (V. 54, Pacific owns $105,000. Rental $34,000 re r annum.
.289, 800 ; V. 55, p. 298, 806 ; V. 56, p. 290, 774, 793.)
i t c l i i s o n T o p e k a Sc S a n ta F e .—(See Maps.)—R oad .—The 8j
A l l e g h e n y Sc K i n z u a . - R oad —B radford, Pa., to Red House, N. tern, w ell shown on the adjoining maps, consists o f the following:
Y., 25 m iles; Gilbert, Pa., to Coffee Run, Pa., 12 m iles; Gilbert, Pa., to t Leased and C >nsol. Lines— Miles.
Owned jo in tly with T P.— Mil
J.
Zerliff, N. Y., 6 m iles; total, 43 miles. A. D. Scott, receiver.
Chicago, 111., to Denver, Col. .1,210 Leavenworth Top. & S. W. Ry.
A l l e g h e n y V a l l e y R a i l w a y . —Owns from Pittsburg to Oil City. La Junta, Col. ,to E l Paso,Tex. 601 Manhat. Alm a & Burlingame.
Pa., 132 miles; branches—Red Bank, Pa., to Driftwood, 110 m iles; Branches in Kansas, etc....... 2,771
Jo intly with St. L . < San. F.—
£
others, 17 miles; total operated, 259 miles.
t Lines practically owned—
Wichita & Western R ailw ay.. 1
Or g a n iz a t io n , &c.—Reorganization March 1 , 1892, of the Allegheny Gulf Colorado & Santa Fe Ry.—
Atlantic & Pacific (which see) 9
Valley Railroad, sold in foreclosure Dec. 15,1891. Plan of reorganiza
Galveston, to Purcell, I. T., 518
P
tion, etc., was in V. 53, p. 324, 368, 520; V. 54, p. 409, 524. Road con
k fr
Branches to Houston, &c... 540
Total, incl.
owned jointly.7,1
trolled, as majority stockholder, by the Pennsylvania RR. Co.
Sonora R ailw ay—
Owned but reported separately•
Sto c k authorized $30,00®,000, o f which $18,000,000 is cumulative
Nogales to Guaymas, Mex. 263
3 per cent preferred stock. Pennsylvania RR. Co. owns $9,653,800 New Mexico & Arizona R R ...
88 St. L. & San Fran, (which see).l,£
common and $10,411,350 preferred stock.
Colorado Midland (which see) c
Southern California Rail-..
way—Lines in California.. . 491
B onds .—The general mortgage for $20,000,000 four per cent bonds
Grand total June 30,1892..9,J mi
61
has principal and interest unconditionally guaranteed by the Pennsyl St. L. Kan. City & Col. R R ....
vania RR. by endorsement on each bond. Of these bonds $17,100,000
t The securities o f these companies, excepting $3,025,200 8o. (
(being the principal and 8 per cent additional of the prior liens not pref. stock are practically all held in trust under Atchison mortgage
divested) are reserved to take up the prior liens as they mature, and
In November, 1890, under a traffic arrangement with the Cliics
$1,000,000 are held for the future purposes of the company. The Peoria & St. Louis, a through line between Chicago and St. Louis t
Fidelity Title & Trust Co. of Pittsburg is the mortgage trustee.
opened. See V. 51, p. 608.
The Pennsylvania RR. Co. guarantees to purchase the interest on the
O r g a n iz a t io n , H is t o r y , &c.—The Atchison Topeka & Santa Fe 0
$10,000,000 loan o f 1870 and the bonds themselves at maturity, the pany was incorporated March 3,1863. The main line of 471 miles;
interest ou these bonds being, at the option o f the holder, either 6 per opened December 23,1872. The whole system outside of this main
cent in sterling in London or 7 per cent in United States currency in is nominally under different corporations, whose stocks and bends
Philadelphia; they have first lien on eastern extension and second on cepting those o f the St. Louis & San Francisco and the Colorado J
R iver division. The Penn. RR., the Northern Central Railway and the land) aiM nearly all deposited in trust under the Atchison’s War
Phila. & Erie RR. are guarantors on the 5 per cent loan o f 1870.
mortgage. The system is therefore in effect one line, and is so tree
E ar n in g s .—From Jan. 1 to Mar. 31,1893 (3 mouths), gross earnings as far as practicable in the accounts.
$612,189, against $573,543 in 1892 ; net, $165,667, against $197,978.
In May, 1890, control of the St. Louis & San Francisco Railway t
For the 10 months ending Dec. 31, 1892, there was a deficit after pany was acquired, $22,000,000 of Atchison stock being issued to
interest o f $39,747. In 1892 gross, $2,636,697; net, $1,033,696. In chase the San Francisco Company’s $25,500,000 common and prefe
1891 gross, $2,548,794; net, $1,026,853. (V. 52, p, 7 9 5 ; V. 53, p. stock. See V. 50, p. 734. The entire capital stock of the St. L. &
324, 368. 520, 568, 921 ; V. 54, p. 328, 405, 409, 524.)
Fr. is now owned, givin g full control o f the Atlantic & Pacific.
In October, 1890, the entire capital stock o f the Colorado Mia
.\ lie m o w n T e r m i n a l . —Owns 3 miles of railroad in Allentown,
i., connecting the East Pennsylvania (Philadelphia & Reading) with ($8,000,000) was purchased. See V. 51, p. 608.
In August, 1884, an agreement was made through the Atlantic <
s
the Central o f New Jersey. Leased for 999 years to Philadelphia &
cific forth e control of the Mojave Division of the Southern Pacific
Reading and Central of New Jersey (by assignment from Lehigh Coal
for traffic privileges over the Southern Pacific to San Francisco.
Navigation) at interest on bonds and 5 per cent on $450,000 stock (par
In 1889 the company was reorganized by plan ot October 15,
$o0) bonds being guaranteed, principal and interest, by Philadelphia &
line
Leliie-li Pnnl
V a riM tin n _i\r 50,
the plan in V. 49, p. 504, and article ou pp. 483, 597; also partici
Reading and Lehigh Coal & Navigation.—(V. ^ p. 422.)
below. In 1892 the incomes were m ostly converted into second r '
A i n i i t p o l i , W a s h i n g t o n A: B a llt t n o r e , —Owns road from An gage bonds, payment of interest on which is obligatory—see below
napolis to Annapolis Junction, 20J-2 miles Organized in 1886 DiviThe Chicago Elevated Terminal Railway Company was organiz* _
'i™ !!* •, m. 1886. 2 per cent; in 1887, 5 ; in 1888, 4Dj; in 1889, 4 ; in August, 1890, to furnish to this road aud other railroads a o ;
*
1890, 4%; m 1891, 5%; m 1392, 6%; in 1893, Jan., 3 p. o. No bonds.
means o f entering Chicago. In March, 1892, the Atchison contn
A r c a d i a , G u lf, C o a s t, L a k e l a n d K I l . —Under construction to sell its real estate in Chicago for $8,102,264 to this Elevated •
from Lakeland, Fla., connecting with Northern andT7estei'n trunk minaJ Co., which is in no w ay allied to the Atchison, but an em >
lines, to Arcadia, and thence to deep water on the Gulf o f Mexico; total separate company. (See Y. 53, p. 921; Y. 54, p. 158, 287, 52o.)
length, including branches, about 200 miles, steel standard gauge.
Sto c k .—Company reports $102,000,000 outstanding; New
Traverses the phosphate district or Florida. Land grant 3,840 acres per Stock Exchange, in January, 1893, $101,492,/87.
,m
$101,492,787
mile. Private citizens havedonatedlands said to be o f considerable value
1
in 1881, 6 cash ai
D ivid en d s —I n 1879, 3 per cent; in 1880,
STOCK for $500,000 was offered for sale at. par in June, 1891. Stock
2 to 1886, inclusive, 6 per cent; in 1887, 6^; in •
'
authorized $l,o00,000; par value $100. Office, 88 Lincoln Street, Boston, stock; from 1882
5X iu 1889 and since, none.
4;
A r k a n s a s M i d l a n d . —Owns from Helena, Ark., to Clarendon,
P r ic e of Sto c k .—I u 1886, 84?8® 9 9% ; in 1887, 903s®1187 *
m iles; Pine City to Brinkley, Ark., 24 miles ; total, 74 miles To
1888, 5338®99%; in 1889, 2 6 % ® 5 8 ;in 1890, 23%®50%; m I1
'
n vtatlil an +n T.wlir.v. D or, TO ... : 1 .. . . • _ ...... .
_
extended to Indian Bay, 12 miles. Successor in 1878 to the Arkansas 245g®47i2; in 1892, 32%®465s; in 1893, to May 19, incl., 23aa»-h
Central, sold 11 foreclosure. In August, 1891. purchased the Brinkley
1
B onds—The guarantee fu n d notes are secured by a second mot Ijj
Helena & Indian Bay RR., 24 miles, which is to be made standard of the Atchison main line in Kansas and the deposit of the u ,
gauge like the rest ot the road. Stock, $1,500.000; par, $100. M o rt Santa Fe & California line and terminal stocks (in Chicago) Bn
gage 1 for $516,000; bonds are subject to call at 110 on throe months’
3
& Trust Co., trustee.
notice. In year 1892 gross earnings were $99,617; net, $43 613 • In Boston Safe Deposit bonds $638,000 are reported to be Chicago U
Of the unassented
■
1891 gross $95,255; net, $40,848; Interest, $5,291; balance, surplus, Fe & California guaranteed 5s, due January 1,1937.
j*
The general mortgage 4s, Union Trust Company of
l.
A s h e v i l l e A: S p a r t a n b u r g .—("See Hap Richmond <• Danville).— Trustee, cover the entire property o f the company, o1 anft
£
1
ow n s from Spartanburg Junction, 8. C., to Asheville Junction, stock owned or controlled and named in circular 63 (V
_
£ I ., 6b miles. Sold 11 foreclosure April. 1881, and reorganized. Con- bonds owned and pledged under trust deeds, and all securities
•■
1
trolled by Richmond & V est Poiut Terminal, which owns $1,047,981 under the reorganization. The 4s were authorized to an an
o f the $1,050,000 stock, aud $215,000 second mortgage bonds, and lias exceeding $150,000,000 on present property, to carry out the rec
pledged them all (except a few shares o f stock) under its collateral zation plan, and additional amounts at $20,000 per mile for exte
trust of 1889. Default occurred October, 1892, ou coupons of first or double track. Interest on old incomes was paid as follows: n f
mortgage see^ Richmond tic D anville. In 1890-91 gross earnings were j 2% p ercent; in 1891, 2 per cent; in 1892, 2 h per cent.
r^
$163,293, against $130,117 iu 1889-90; deficit under operating ex
A bstracts of all the principal prior mortgages of the Atchison . ■.
penses, $11,692.
°
Company i
were published in the Chronicle
& Santa Fe Railroad Company
R
Ma t ,
RAILROAD STOCKS AND
1 3J
BK
BONDS.
9
S u b s c rib e r* w i l l c o n fe r > g re a t fa v o r by g i v i n g Im m e d ia te n o tice o f a n y e r r o r d lu c o v e re d In I Irene T a b le s .
R AILR O AD S.
on t lm page o f tables.
Income bonds, non-eum. ($18,750 per m ile!..o'
Atchison System—Cerrilloa Coal HR.—
1st M-, gold, guar., s. f.. subject to call at par. .o*
Atchison System—Colorado Midland
:
Ronds—Prin ci
IN TE R E S T OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
of
Par
Rate per When Where Payable, and by Stocks—Last
Road. Bond* Value. Outstanding
whom.
Cent. Payable
Dividend.
—
1871 $500Ao.
1,000
1882
$796,629
1,823,000
6
6
—
18C2
1,000
1 ,000,000
A K- J. A J.
240
267
1886
1890
1888
1890
1890
1,000
1,000
1,000
1.000
1,000
6,250,000
4,852.000
359,000
216,000
700,000
6 g.
1876
1876
1876
1879
1880
1881
1887
1890
1880
1884
1879
1886
1886
1886
1887
1885
. .. .
100 Ac.
500 Ac.
500 Ac.
1.000
1,000
1,000
1.000
100 Ac.
1,000
1.000
1,000
1.000
1,000
1,000
1,000
1.000
100
Consol, mortgage for $6,000,000, gold, guar___0"
Equipment bonds, s. f., drawn at 105, gold...... c*
Equip, bonds. B.. dr’ n at 105after 1894. gold...®.
B m l Tunnel K'y 1st M-. gold, guar., red. at 105.C"
tchison System—St. Louis A San Francisco—
294
2d mort. (now 1st), A, g o ld ! (Pacific to fteneca.c
294
Series B, g o ld ................ J Mo.,A brancbes, e'
294
Series C. g o ld ................ 1
294 miles.
c’
82
Mo. A West. KK. 1st M., g.,$5,000yearly d ra t 105. e’
103
St. L. A San F. col. trust gold, sink. fd. not drawn c’
Gen. M., g. (1st on 365 m.) $7,807,000 are Ba.e* 964
55
Collat.Tr. M. onbr’ches ($20,000 p. m.),goltl c’
Cons.M. $50,000.000,gold,guar.p.Al.by At-C’ A r 1327
Equip. M., gold, $80,000 dr. aun'lly at 105.o’
Equip. Trust, gold, $23,000 due each A. A O ..
145
St. L-Wleh. A W. 1st >1., red. at 105,g., guar p.Al.c’
62
Kan. C. A S. W. 1st M-, g., red. at 110, mi. guar.o*
70
St. L. Kaa. A S. W le t M., g., guar., red. at 110.c
54
Bt. 1-Salem A A. 1st M.,g.,guar.p.Al.,red. at 105.o’
Kan. Mid. 1st M..gold, $l5,0OOp. m., guar. p.Al c 107
Ft. . . AV.B.Bridge 1st M.at .dr.at 1O’ .guar p.Al.c*
8
■ tthison System—Southern C alifornia—Fret, stock. 491
7 g.
5 *■
7 g-
500,000
« g2,766,500
g g2,400,000
6 g1,055,000
g g6 g
1 ,102.000
A 6 g.
20,100,000
1,099.000
5 g11,610,000
201,000
7 1:
50,000 1
0 g.
2,000.000 !
2 «•
744,000
2 *•
890,000 !
810,000
5 g.
1,608.000
* g.
409,000
6 g.
See text.
Nov. 1, 1901
June 1, 1922
A t Mat.
J. A D.
A
A
A
A
A
New Y ork Agency.
D. N. Y., Central Trust Co.
A.
do
do
6 . N.Y.Baring.Mag’ n A Co,
J.
do
do
J. N.Y.,ContlnentalTr.Co.
X. N.Y.Bar’ g.Magoun A Co
N.
do
do
N.
do
do
A.
do
do
A. X. Y „ l T S. Trust Co.
.
.
J. ,N I . Baring, Mag^'n A Co
O. X. Y., Union Trust.
Barlug.ilaeo'i
O.
do
do
D.
do
do
do
do
do
do
do
do
do
do
A D.
do
do
A D.
do
do
A O.
A
A
A
A
A
a
A
A
A
Jan. 1, 1904
June
Feb.
Mch.
Jan.
July
1,
1,
1,
1,
1,
1936
1940
1898
1900
1935
Nov. 1, 1906
Nor. 1, 1906
Nov. 1, 1906
Aug. 1, 1919
Aug. 1, 1920
July 1, 1931
Oct. 1, 1987
Oct. 1, 1990
June 1. 1895
A.AO. $23,010
Sept. 1, 1919
Jan. 1, 1916
Sept 1, 1916
Dec. 1. 1936
June 1, 1937
Apr. 1, 1910
1. 546 551, and o f the getter. I mortgage In V. 49, p. 857,861, and o f the
A t e lils o n S iy s irn i.— A t la n t ic A P h c M c . —CSee M ap).—IA *B OF
ew second mortgage In V. 55, p. 101
j Itoau.—Owns Western dtv8~!on from Isleta, N. M., near Albuquerque,
The second mortgage of 1892 covers all the property of the Atchison i to Big Colorado River. 560 miles, with branch. 4 miles, and Central
amed in circular 63 (see V. 49, p. 504), and secures $80,000,000 o f doss Division, from . oheoa. Mo., to Sapulpa, Ind. Ter., 112 miles, tenses
8
bonds.which were given in exchange dollar tor dollar for the Income j from Big Colorado River to Mojave, Cal,. 242 miles; trackage Atcli. T.
)Bd», the class A houds bearing 2** per rent Interest till O c t 1.1893 ; A 8. Fe to Albuquerque, N. M . 13 miles; branches to mines, quarries,
eu 3 per cent till O c t 1,1894; then 3by per cent till O c t 1,1895, there- etc.. 16 miles; total operated, 947 wiles.
ter 4 | t cent till maturity.
s
II ibtout Ann STOCK.—Chartered by act o f Congress July 27, 1866,
It also secures #20,000,000 class If bonds, with Interest at 4 per cent
r annum: bnt not more than $5,000,000 o f these can be Issued In any an important link In the Atchison system' Authorized stock $100,000,l ie year. The proceeds of class B will be applied only to specific tm- 000 (par, $100), o f which 879,760.300 baa been Issued, #51,503,800 o f
___......___ ___________________________ __ . . ___ _____ _
« » » « » *>T the A tch isonToiaka A B anteFe and the St, Douls
I -oremeuts (Including equipment!, on the m ileageof._ u » Atchison sysmas it e tuusl as o f July 1)1892. exclusive of the 8t. l-nnl* A ran Frau * a* B rg n e is c o companies equalljr nod dew olted |„ trust h r thirty
SC and Colorado Midland romta. Under the new mortgage the c m
O
Lr1 T \ „Th*’ » * ' ' *
S
I»y will have the further right, when all the class B bonds shall have "00; Missouri Dlv. p ro f .$78..00; Ccutral Dtv., prof., $1,400,000.
eo tamed, tu put out 4 p rr cent gold bonds not *xroeding #2,50»u>0o
Bo m * , Ac.—The trust bond* dtu? tu 1037 urv guaranteed severally
r * muni i. for the *amcspc«-lflc purpose* on the same mileage to a total (but not Jointly) by the Atchison and St. I$rml* A San Francisco. each coinc
utt o f 950,000.000. AU the bond* to be tamed under this tnortgag* puny guaranteeing one-half of each bond. (See guarani y V. 50, p. 050.)
1re the name lien, no one having priority over any other. Practical!* They are redeemable at any time at lo5. The 2d mortgage bond* are
the iDconiM Lave l**-n exchanged. See mortgage abstract, with now hejd by the guarantor*. [Abstracts o f all the mortgages In V. 41),
o f conversion in full. V. 53. p. 101.
p- 302.1 Deferred liabilities [due Atchison and St. L- A S. F .]t June 30,
|'CRHE.vT LtABii.rrxBa. —
On June 30, 1S92, irro** current liabilities, f 1892. were f l 3,473,704.
|i racing ^>,525,000 hilta payable («rhirh ineludea Ananclnj? et. i
P i kCHAor. r mmm H . I’ ao.—In l * 6 the Southern Pacific mold the 242
o
*!
I d Fran, ami CoL MMiland under leiud iMtiea o f Umw eompaniea and mile* o f nmd from Mojave to The Needle*, to thl* company for 97,271,jtiy prorldwl for) amounte-1 to 9l»b446.r>44. ttirainj*t «14,010.940 10O, payaide In Apr.. 1905,in ,4. A P. fli>t mort. ImitcU. l**u«d on *abtt'42
c
jne 30, 1*91. Caah ami eaah ofTm U 917.912.030, of which *1.471.332 mile* to amount o f ijMl,039.250.aiid #1.211.950 In caah. Until clear title
Icnab. 94,533,945' in biliU, etc,, rec«ivable, and 90.900,092 in arcun to thl* piece o f road I* given, the Atlantic A Pacific ha* |Hnm«K*|iin and
c
1\ Sec V. 53, p. 985.
pay* 0 per cent jut annum on the 9f7.271.OcM). The name negotiation
tXED CiiaROK.A, F ixaxck *. Ac.—The company reeeir®* 930,000 a gave a right to run through train* to San Fram-Uco over the Southern
»nth from the Sonora -mlmidy, payaide in Mexican currency. Pay- and Central Pacific line* either on a mileage ha»i* or at 3 per ceut per
nU »»*Mfan in Auiruat, 1090,and w ill continue till #1,0*1,400 In ail annum on 940,000 per mile. See V. 39. p. 20*; V. 40, p. 50.
-j been paid.
V. 1 ., p. 49.
*2
Lx x ii O kajtt.—T he grant claimed under the old A. A P. charterof July,
*
*he Axed ehar*r*** ahead o f the *tock. under the Income bond eonver- lsdd. 1* 25.000 acre* per mile In Terr!tort** and 12,900 acre* In state*.
1 n plan, AtipteiMin* all the Income* to have hern converted Into second O B t t lV t lU 'n i Division the company hM W M f B t t t l r t t i f l l f t l W c
l-rt«r«M *' burnt*, a ill !>e a# followA during the next four year*: In year 293.296 acre* of land, 5,330,296 of vrhlchwere *ohl to June 30, 1892,
C
H K $ 10.20*).tJ00; in !-■»;
- m. ; i » mhhi .
rIl.hX>. leaving 14,t>ti5,000 acre* uudl*|M»Ae«l of. Map o f land grunt wa* pnldlah
rJ; la year
911 ^OOOfiOOl the realtor. If no further Meofta ed In CtiJto.N ICLE, V. 36, p. 46*. Total receipt* year 1891-92, #41,778.
f f l l i j a bonih are neee«eary. # 1 1 harge* aa bare
K arrimi)*.—In year ending June :t0. 1 8 9 2.0 0** were #3.361.400,
kt*a include ta ze t, rentaU. car truAta and interewt, but no contUiKcnt , againet #3,233.977 In 180091; net. 9550,064, agalnat #23,323:
«*rge*. See dreuiar, V. 54, p. H*7.
1 fixed charge*. 91,711,321; deficit, f 1.161,459. against deficit in 1*90-91
aTrat F armiroa -For 9 month* ending Mar. 31 reunite, liuliidlmr o f 91,793,730. lutereat on unfun«ie<l debt due Atcli. and 8 t, L. A San
1 Mid, and St. L ou Ia A Ana F n io d s w , were a* follow a, the balance i Frau. #581,296. <V. 5.3. p. 003, 753, 793 ; V. 35. p. 638, 989.)
4 ~ charge* Including mlAcellaneoiiA Income.
A
n Myntcm—4 > v i l l a *
oal
26.000 acre* o
O ron ro ra’p*.
Xet ramin/jn.
Jnt., rm l*, dt,
JUtl., ru r ! coalt e h U oat CerrllloA, New rM#>xlco. C Coutnd acottlrtMl by Atchison inf
land*
f rf m . . 1 6--------3e.
.748
9 12.002. lv o
9lo.740.ooo
91.931.170 January, 1H92, and aiM»Te Ixmd* guaranteed. The linking fund i» to
-—
----#10.746.000
Il.m s w
tO .T tS M O
1,'J26.3’J » I rettrtTtto entire Issue by uisturlty. m-o V. 55, p. 083.
_ RRUal kKiM.RT.—Fta-al year eml* June 30. Annual mending l*
. . . .
^
_
t i on l**t Thursday in October. The annual report for 189192 wa*
A t c h is o n
A fc r u .- C o lo r n d o n i d l a n d . w & e J/ao >—Own*
i « n » t length in the C iikosuclr . V. 55. p. 959.976, 986, Allowing ;
■fro«» CMW tdo Spring* to New CaMJe. Col.. 234 nillee; A*|»en branch. 18
n n * i T t n « . K*r. «H iA t
1 »»dle*; Jerome Park branch. 15 mile*; 1 a * ca New t'a*tle to Hide Creek,
*
"
1 r FISCAL R i w i A
14 mile*; k! < r.ir .. i.u •.
!;!: i:
< n-ek. Col., to Grand Junction,
ar 'tid in g J u n t 30—
1H90.
1691.
i ° n tll,! Klo Urande Wratern.62 m ile*; other, 7 uiUe«; total, 350 mile*,
a**op «‘ rate«l J u n e3 0.....
7,110
7.114
*tl *y “'*l I Tiie Uu*k Tunnel 1* Atlll under courtnictton.
#7,377,995 j IIiAtoKT Ago *TuCR.—Completed Oct. 15, 1888, and In October. 1890,
97.2 t8.»J94
s ^ 1 earning*.
..........
96.610.034
...........
21.733,154
*• • Atchlron purohaaed entire capital «t*M-k o f #8,000,000. V. 51, p. 608.
*
23,329.043
0-...........................
742,917
*9 5,9 11
)
*71.550
BORO*.—Abstract o f flr>t mortgage In V. 45, p. 540, and o f consol,
*■*..............................
764,552
769,241
809.732
lUaneoiut.......
1,153,700
1,551,167 mortgage in V. 51, p. 572. Central Trust Company Is trustee o f both.
1,444.582
The consol* are guaranteed (by endorsement on the bond*) as
ItTbtal groAAeaniingA___ #31,004,357 #33,663.716 #36.438.18* to both principal and intereet by Atchison. Both Iwue* o f Miiiipmcnt
tmnda are rede«-malde l»y sinking fund* at 105. and »r** to Im paid at
»
wntenmkceof road, Ac
#4.842,149
#4 J) 54,113 maturity at «ame rate. The Busk Tunnel inind* (#1.500,000 author
#5,074.672
S&Umance o f eqntpin'nt.
2,670,736
4,004.561 ised) are guaranteed principal and Interval by the Midland and are
3,300,204
T ^.rlatlon and traffic..
12J134.W67
14,956.485 redeemable before maturity at 105. See V. 51, p. 142, 24*. Guaran
14.482.151
1.072.«534
1,087,142
1.235,773 t y * jointly, with I>cnver A kioGrande, the? #1.850,000 bond* o f the Rio
1 210 9*n i 0rmrM*® Junction Ry., which see. Due Atchison July 1.1892, #781,264.
5
operating■ xpenae*.p #20.920.386 #24.043,169
e■ M y
■
S m p s
1 227 255
E arring s .—From July 1, 1892, to Mar. 31, 1893 (9 months), gross
4n«*......................
$ 10.09424am
m e m zn g s ....................... a 10,0*3.971 #9,620,547
69*19
1 #1,597.400. against #1.544,996 In 1891-2; net, #258,500, again*!
n 0* of oper. ex. to earn*..
67*46
71*42
#404,727. rn rear 1891-92 gr*»-». #2,103,600; net, #563,582: fixed
^IRCOMIS ACCOUNT o r C O M O I. UTATKU.
charge*. #763.733; deficit,#200,150. In 1890-91 gross. #1,968,265; uet,
. ctr ending June 30—
1891.
#581,367. (V. 55, p. 551, 9 7 6 . 9 9 5 . V. 56, p. 164, 247, 834.)
* + ru ia m ............................................. #9,620.547
* ineume from investment*, A c ...............
770,156
A t c h i s o n S y s t e m . —Ml. L o u i s A San F r a n c i s c o .—fSet M op.)
Owns 84 Louis. Mo., to Beneca, 326 m ile*; Pierce City to Wichita,
#10390.702 #12.045^535 K an„ 217 mile* ; Monett, Mo., to I*ari*. Tex., 303 miles ; branches, 197
Total net income...............................
f W J ® gnarantee*! fund notes.........
#*420.000
#407,821' miles; total owne<l June 3<i, 1892, 1.046 mile*. Leases 282 miles, and
•
to ^ per cent general*.. . . . . . . . . . . . . .
5,024,286
n ,ivA ,ir^ nan owns iuf Atlantic A Pacific, 947 mile*; n in u ia «k western, u o
v
6402,182 i half mwun the a u » uuc < ran u r, va« inuc**; Wichita oc Western. 125
,
0® f® w ..................... (2)1,587,791 (2 4 ) 1 ,992,160
miles; total (counting one half of mileage half owned), 1,864 miles.
ts
o'Son ! O r o a x iz a t io r , Ac.—This company wa* organized September 20,
R*fa) l i f track and rt!nin
U 1of Mojave DiJ
S i o ' i S L®76* ^ JMtocsMor to the Atlantic A Pacific In Missouri. In May, 1890,
21*483 the Nt< I !-*.n Topeka A Rants Fe assuim d control. V. 50, p .734.771.
ft-r:----------------------------------------218,133
s M
1,240.018
1,103,500
With the Atchison this company guarantees severally, not Jointly,
JJ ' 8ns St Ban Fran, (agreement OcrL, '86).
260302
323,309 |one-half the first and second mortgage bonds o f the Atlantic A Pacific,
■Sellanerms .......................................
92,395
242,802 of whose securltlek* it owned on July 1. 1892, $27,931,450 stock, #777,Central Division Income*,
#9,930,159 $10,480,630 |000 $3,203,000 mh oml inortttHKe #331.500 Western Division incomes
^•nal deductions ............ ..................
BIHj
bcltfiV
■ » nce, anrplns.........................................
#454.543
$ 1 ,564.005 | c' a n T * i. S t o c k .— The common »to ;k i«
500,000; preferred
7&,Sfe
2 i aj
625, w a , « k« . l o w , 1047; V. 55, p. 100. ’ (7' ia*r cent non-cumulative). # 10,000.000; 1st preferred (7 i»er cent
|« r
non-cumulative). #4 4 0 0 ,000—par, all, #100. The stock Is all owned
s»>
' n ‘ 723> 7 6 3 ,9 S ®’ u 7 “ - 9H0’ 1034; v -1 r i ? " Atchison Company. No dividends sin ce February, 1890,
I by the
heyenne
___
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PRCfCOT
STOCKS AND BONDS,
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MAT o r THE
FL Stock ton o
Carmen
OJtt
ATCHISON, TOPEKA
SANTA FE R. R.
W ESTERN SECTION.
0FtDntcta
Caltrntc I
AND
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RAILROAD
V \ _
ST. LOUIS & SAN FRANCISCO*
E n11
to 1*
RAILWAY
C»im«u
A TLANTIC & PACIFIC
AND CONNECTIONS.
i?yii)«'>'! ftab
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00
l£LD
PACiFli
Ft. BUI
WESTERN DIVISION V
00
A T C H IS O N , T O P E K A &. S A N T A FE „cs'
Hru.ur
SpodoroVe?
Eagle Pm I ^
r«luckl«y
Cueru
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6
Clarks V
X
A
.* PA , W ••
Q
8 Truarkaoij
RAILROAD SYSTEM.
u
14
INVESTORS’
SUPPLEMENT.
[V ol. LVI,
S u b u c rlb e rs w i l l c o n fe r a g r e a t fa v o r b y g i v i n g im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d i n these T a b le s .
Bonds—Prlnci
IN TE RE ST OR DIVIDENDS.
RAILRO AD S.
Miles Date Size, or
pal, When Doe.
Amount
Par
When
of
For explanation o f column headings, &c., see notes o f
Outstanding Rate per Payable Where Payable and by Stocks—Last
Cent.
Road. Bonds Value.
whom.
on tlrst page ol tables.
Dividend.
$100 $1,700,000 See text ,M. & B. N. Y. Cent.Tr. Co.,54Wall Mar. 6, 1893
Atlanta it Charlotte—Stock (5-6 p. o. rent. Rich. & I>.) 269
1,000
500,000
7
A. & 0.
do
do
April 1, 1897
Preferred mortgage, subject to call at 100...... c* 265*2 1877
1,000
4,250,000
7
J. & J.
do
do
Jan. 1, 1907
1st M.[carries voting power 10 votes forea. bonder 265*2 1877
500
750.000
1880
6
A. & O.
do
do
Income bonds (not cumulative), guaranteed....!'
Anril I, 1900
25
1,115,000
105
Atlanta d Florida—Stock.........................................
1,000
105 1889
840.000
6 g. M. & N. May, 1892, coupons on. Nov. 1, 1993
1st mortgage ($8,000 p. m.) gold....................... c’
100
1,232,200 See text. j . & .r.
86 .....
Atlanta, Ga.
Jan., 1893
Atlan ta <t West Point—Stock....................................
1,000
1,232,200
1881
6
j. & j .
Atlanta, Ga.
Co’s option.
Debenture certificates..........................................
50
*97
1,200,000
Atlantic City—Common stock..................................
50
97
1,000,000
Preferred stock.....................................................
1,000
83 1889
2,200,000
5 g. M. & N. Pliila.,227 South 4th St. May 1, 1916
1st in., gold, guar. p. and i. (end.) by P. & R — o'
1,000
4.952.000
Atlantic d Danville—1st niort. gold, $16,000 p. m.c* 283 1887
6 g. A. & 0. Oct., ’ 90, coup.last paid. Oct. 1, 1917
100
. ...
5.484.000 6 per an. M. & 8. London and Portland.
Mar., 1893
A tlantic d St. Lawrence—Stock, 6* rental Grand Tr’k 150
100
53
. ...
1,032,200 7 per an. J. & D. Savannah, Co.’s Office. Dec., 1892
Augusta d Savannah—Stock 7% reutal Central Ga..
76 1889
1,000
104,000
J. & J. X. Y., Atlantic Tr. Co. Jan. 1, 1899
6
A u stin d Northwestern—1st mort. fo r $125,000—
1,000
1,920,000
5 g. J. & J. N. Y., So.p. Co, 23 Broad July 1, 1941
llort., $20,000 p.m., gold, gu. p. & 1 So. Pac.c*&r 103 1891
.
1,000
90 1880
348,000
F. & A. Phila., F.Ins.Tr.&S.Dep. Jan. 1, 1910
6
Bald Eagle Valley— 1st mort. (s. f., drawn at 100)..r
Baltim ore Belt—See Baltimore & Ohio .
1,000
87 1890
1.450.000
J. & J.
Balt, d Eastern Shore—Consol, mortgage, gold, o*Ar
In default.
5 g.
July, 1920
84
100
3.375.000
Baltim ore d Lehigh.—Stock.....................................
40 1882 50,&c.
250,000
York & Peach Bottom, ser. A. & B. $47,500 1st M.
Various
York, Pa.
5
1932
44 1889 500 &c.
850,000 4—5
Maryland Central 1st M., int. 4p. c. till Jan., 1899
J. & J.
Baltimore.
Jan. 1, 191
1,000
1889
2,400,000
General mort. for$3,541,000, gold (See textj.C'
do
5 g. J. & D.
June 1, 193
....
100 25,000.000 See text. M. & N. Balt. Office, Cent. Bldg. May 17,189:
Baltimore d Ohio—Stock (see remarks)................
_
100
1st and 2d pref. stock, cum., $3,000,000 is 1st pre:
5,000,000 6 per an. J. & J.
do
do
Jan. 1, 189
Loan due In 1880. extended, payable at w ill......
379 1853 500 &c.
579,500
4
J. & J.
do
do
A t will.
379 1853 500 &o.
A. & 0.
do
do
Loan, 1853, extended in 1885, gold..................
1,709,500
Oct. 1, 193
4 g£200
Loan, 1870, sink, fund £16,000 yearly, not drawn 379 1870
3,454,792
6 g. M. & S. Lond’n,Baring Bros&Co Mch. 1, 189
£100
Mortgage 1872, sink, fund £12,000 semi-annually 421 1872
9,301,512
do
do
Mch. 1, 19C
6 g. M. & 8.
£200
Mortgage 1874, sink, fund £9,000 semi-annually. 421 1874
9,634,504
6 g. M. & N. London, J.S.Morgan&Co May, 1910
320,000
Bond to City Baltimore (payable $40,000 yearly). 379 1875
6
J. & J.
Baltimore, Office.
July, ’ 93-19C
511 1887
1,000 10,100,000
Consolidated mortgage (for $29,600,000) gold.c*5 g. F. & A. N. Y., Union Trust Co. Feb. 1, 198
B onds .—T he consolidated 4 per cent mortgage o f 1890 for $50,000,- trusts, $313,960 June 30, 1891; current liabilities, $627,172. In Jai
OOO covers all the property, equipment and lands, subject only to i uary, 1893, a bondholders’ committee was formed. Address H. Hei
$36,077,500 direct mortgage bonds of the company on its own and tage, 7 Lothbury, London. (V. 56, p. 164.)
leased lines. Sufficient consols were reserved to retire these prior liens
E arnings—In year ending June 30,1892, gross earnings were $545
at maturity, and further amounts were applied to purchase o f A. & 087; net over operating expenses and taxes, $22,256. In 1890-9.
Pae. guaranteed 2d 6s and to the retirement at par of $4,500,000 of gross, $197,169; deficit, $115,987. (V. 52, p. 80, 462; Y. 56, p. 164.)
1st preferred stock. SeeV. 55, p. 297. The consolidated bonds are
A u g u s t a «fc S a v a n n a h . —Owns from M ilieu to Augusta, Ga., £
guaranteed, principal and interest, by the Atchison Company, and are
so stamped. See full abstract in V. 54, p. 244. On July 1, 1892, con miles. Leased in perpetuity to Central of Georgia for $73,000 pi
sols outstanding were $11,489,600; demand loans due Atchison se annum. Has no bonded debt. From March 4 to Sept. 30, 1892, grc>!
earnings were $120,040; net, $38,235. In year 1890-91 gross, $235
cured by consols (additional), $874,205; bills payable, $100,000.
405; net. $72,310, against $95,452 in 1889-90; rental, $73,000. Lessc
L auds .—A ssets were estimated June 30,1892, at $449,303.
is in receivers’ hands, but December, 1892, dividend was paid as usug
L atest E aknings .—For 9 months ending March 31 earnings w e re :
A u s t in Sc N o r t h w e s t e r n . —Owns from Austin to Granite Moud
9 mos.
Gross.
Net.
Charges. Bat.incl.otherinc- ain, Texas, 74 miles, and from Fairland to Llano, 30 miles; total, 1
C
1892-3....... $7,214,029
$2,608,427
$2,475,000
$133,427
miles, all standard gauge. In 1892 control was acquired by parti
1891-2....... 6,757,240
2,558,291
2,475,000
83,291
interested in the Houston & Texas Central. Stock authorized, $75<
A n n u a l R e po rt .—Fiscal year ends June 30. Report for 1891-92 was 000; outstanding, $724,000; par $100. The land grant was 600,(X
in V. 55, p. 976, 993 and the following is for the St. L. & S. F. proper.
acres. M ortgag e trustee Atlantic Trust Co. The 5 per cents ha
Tears ending June 30.—
1890.
1891.
1892.
principal and interest guaranteed by the Southern Pacific Compan
.Gross earnings.................................$6,394,069 $6,748,508 $7,053,228 E arning s —From October 1, 1891, to July 31,1892 (10 months), gro
R e t earnings....................................$2,914,688 $2,907,650 $3,040,044 earnings were $218,238; net, $98,795. —(V. 54, p. 1009; V. 56, p. 33
O ther income...................................
100,933
72,926
156,992
B a l d E a g le V a l l e y . —Owns from Y a il Station, Pa., to Lockhan
Pa., 51 m iles; branch to Bellefonte, Pa., 3 m iles; Nittany branch,
Total.........................................$3,015,621 $2,980,576 $3,197,036 m iles; Snowshoe to Sugar Camp, 26 m iles; total operated, 90 mil
Charges (incl. imp'ts in 1890-91) .. 2,512,000
3,079,920
2,610,418 Leased to Pennsylvania RR. Co. for 99 years from December 7 ,18(
Rental, 40 per cent o f gross earnings. Rental, in 1892, $258,6.'
Balance................................. sur.$443,621 def.$99,344sur.$586,618 surplus over fixed charges, $228,625, out o f which paid dividends (
.—(V. 54, p. 244, 276, 1048; V. 55, p. 100,297, 9 7 6 , 9 9 3 .)
per cent) $140,625. Rental in 1891, $254,866. Stock is $1,406,2
A t e ll Is o 11 S y s te m —S o u t h e r n C a l i f o r n i a . —("See M ap).—Owns (par $50), o f which Pennsylvania RR. owns $706,250. Divider
A ll the California lines operated by Atchison, reaching Barstow, San are paid February and August at Treasurer’ s office. (V. 56, p. 625.)
Diego, Los Angeles, etc., 491 miles in all. Atchison owns all the $6,B a l t i m o r e B e l t . —See B altimore & Oh io .
■732,000 com. and $3,046,800 of the $6,072,000 pref. stock. Bonded
B a l t i m o r e Sc C a m b e r la n d . —Chartered in 1892 to build fre
deb t on 475 miles Jan. 1,1892, including incomes, $12,284,740. A n Cumberland, Md., via Hagerstown, to Baltimore, about 70 miles. C
<
nual interest charge, including incomes, $737,084, the bonds being all struction begun in May, 1893. Stock authorized, $10,000,000. Org;
6s and practically all held in trust under the Atchison m ortgages; ize d in th e interest of the West Virginia Central & Pittsburg. T.
net floating debt Jan. 1, 1892, $965,188. In year 1891 92, gross earn Davis, President.
ings, $2,187,627; net, $717,137, against $511,764 in 1890-91.
B a l t i m o r e & E a s t e r n S h o r e .—Owns Claiborne to Ocean C
i
A t l a n t a Sc C h a r lo t t e A i r L i n e . —Owns from Charlotte, N. C., to Md., 89 miles; from Claiborne to Baltimore, 42 miles, transfer is m
;
Atlanta, Ga., 269 miles. Formed February 27,1877, after foreclosure. by water. H is t o r y .—Completed in December, 1890, and in Ap
L eased on March 26,1881, to the Richmond & Danville for 99 years, 1891, Capt. W illard Thomson was appointed receiver. (See V. 51
A t a rental of $466,500 per year, equal to the interest on debt and 5 718.) In 1891 receiver’s certificates for $35,000 were issued. Sk
per cent on stock; if gross earnings exceed $1,500,000, dividends to be 6 paid in, $500,000; par, $50. E ar n in g s —For eight months and ten (1
per cent; and if they exceed $2,500,000, 7 per cent. Due Richmond & ending Dec. 31, 1891, gross, $74,288; net, $17,799. In addition fe
Danville for betterments, as per that company’s balance sheet on June to Baltimore operated onlyduring last 2 »« months had net earni
30, ’90, $1,220,170. Rich. & Dan. wentinto receiver's hands in Juno, ’92. of $1,474, while ferry (now discontinued) to Bay Ridge had a del
D iv id e n d s have been—From 1881 to 1889, inclusive, 5 per cent yearly; for first 5*2 months o f $7,488.
Jn 1890, 5 L j; in 1891, 6; in 1892, 6; in 1893-, March, 3.
B a l t i m o r e Sc L e h i g h . —Owns from Baltimore, Md., to York, 3
E arning s on portion o f road in South Carolina were from Jan. 1 to
S>ec. 31,1892, (12 months) were $747,125, against $816,620 in 1891. In 79 miles, and branch to Peach Bottom, 5 m iles; total, 3 foot ga
1890 gross earnings entire road were $1,687,335, against $1,516,416 in 84 miles. In May, 1891, the Maryland Central and the York & re
3.889. On portion of road in Georgia for year ending June 30,1892, Bottom railroads were consolidated under this title. In Janui
1893, contract was let for making road standard gauge, and the B;
■gross earnings were $604,697; net, $194,576.
more Forwarding & Railroad Company, which owns $3,000,000 of i
A t l a n t a & F l o r i d a . —Owns from Atlanta southerly to Fort Valley- stock, took possession. The issue o f bonds under the general morh »
Ga., on Central Georgia Railroad, 105 miles. Earlv in 1892 receivers o f 1889 has been limited to $3,541,000 [the balance o f th# 7 m ill)1
were appointed. V. 54, p. 287. Sole receiver now is T. W. Garrett. having been canceled] and o f this sum $1,100,000 are held in tru? 1
Sold at auction May 2,1893, for taxes due the State. Reorganization retire the prior bonds at maturity and $41,000 for Peaoh Bottom 8t pending. M ortgag e trustee Ceutral Trust Company. Car trusts while $2,041,000 were to be used for standard gauging, improving
August, 1890, $64,000. In year ending June 30, 1892, gross earnings equipping the property. The Maryland Central first mortgage
*
were $103,324 ; deficit under operating expenses, $229. From Jan 1 bear 4 per cent interest till 1899; thereafter 5 per ct. In 1892 g *
to Apr. 30,1893 (4 months), gross, $29,233, against $26,980 in 1892. earnings were $219,176; net over taxes, $64,993, against $24,0* »
In year 1890, gross, $128,842; net, $7,550. (V. 54, p. 287; V. 56, p. 578, 1891. The Forwarding Company made an assignment May 17,18.
'792.)
B a l t i m o r e Sc O h io .—(See Map).—Operates from Baltimore to P
_
P o i n t . —Owns from Atlanta, Ga., to West Point, delphia and Baltimore to Chicago, and has, via the Baltimore & <J
-Ga., 86^2 mdes. In April, 1881, a controlling interest in this company Southwestern, a direct route to Cincinnati, 593 miles, the total mm 3
svas acquired bv the Central Georgia through purchase o f $188,500 stock leased, owned and operated ('excluding the Baltimore & Ohio So *
<md the lease of the Georgia Railroad, under which lease $440,900 stock western) being on July, 1892, 1,999 miles, of which 755 mile: e
v&ud tli© same amount of debt certificates are lield. Any mortgage west and 1,244 miles east o f the Ohio R iv e r ; also operates the V: I
Sfiflued must be subordinate in lien to the dividend certificates.
Railroad o f Virginia (which see) 62 miles, and controls the Vail* *
D iv id e n d s begun in 1855 were for many years 8 percent per annum. Ohio, the Baltimore & Ohio 8. W., the Staten Island Rapid Transit £
5From Jan. 1,1884, to Jan. 1, 1893, 6 per cent yearly.
is interested in the Ohio & Mississippi and the West Virginia & J **
J
. a£- * J^ar. 31, 1893 (3 months), gross earnings
were ^121,°15, agamst $119,285 in 189*; net, $39,185, against $41,- burg (see those companies).
H is t o r y , L eases , &c.—The corporation was chartered in 5 r
^90. In year ending June 30, 1892, gross earnings were $475,802:
net, $160,436; in 1890-91, gross, $483,054.
S
?
’ land February 28. 1827, and in Virginia March 8,1827. First se
opened May 24, 1830. The Baltimore & Ohio Telegraph Company s •
_
A t l a n t i c C it y .—Camdento Atlantic City,54 miles; with branches,&c. owned by the Baltimore & Ohio Railroad Company was sola o
o t 43 miies, of which ld miles leased. Consolidation in 1889 o f the Western Union for $5,000,000 Western Union stock at par and a i
Philadelphia & Atlantic City RR. and other lines. Controlled by Phila of $60,000 per year for fifty years.
„ rJ
delphia & Reading R R Trustee of mortgage, Guarantee Trust & Safe
In 1890 a syndicate purchased from the City of Baltunor
Deposit Co. of Philadelphia. In 1892 gross earnings were $81s,861; entire holdings o f common stock, amounting to $3,250,000, am
n e t over expenses, $166,422.
^ 0>
’
stock, together with that held by the Garrett interest ($8,975,0
A t l a n t i c Sc D a n v i l l e . —Completed February, 1890, Portsmouth all) has been deposited in trust with the Farmers’ Loan & Trus •
near Norfolk, to Danville, Va., 204 miles, and James R iver Junction to and w ill be voted on until July 1, 1893, by Mr. C. F. Mayer, Pre*
•Claremont (3 feet gauge) 51mtle8; branches, 28 miles; trackage, 2 of the Baltimore & Ohio, ana his two nominees. See V. p,.54, P j™
miles; total, 285 miles, of winch 56 miles 3 foot gauge. In January. A contract or lease made with the Chic. & N. Pac. in Dec., 1891,
1891, receivers were appointed. Receiver is now A lfred P Thom use o f ample terminals in Chicago. See Ch. & N. P. and V. o5, p-' v
&ee. V. 52, p. 80. In March, 1891, $250,000 receiver’s certificates
A controlling interest in the stock of the Pittsburg «&Western ('
were authorized. Trustee of mortgage, Mercantile Trust Co. Stock see) was acquired in 1891—see below. For contract with Ain
authorized, $20,000 per mile; outstanding, $5,754,890; par $100- car Chicago Junction and Baltimore Belt roads see V. 51, p. 344. j
6
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MAP OP THE
lASMVlLLE
Knoxvil
Columbia
BALTIM O R E & OHIO
Urwnabvrv
RAILR OAD
‘Mlnnvfllo
Goldal
mphis
iharlotio
Fayetteville
N
AND CONNECTIONS.
O
g
CO
INVESTORS’
16
SUPPLEMENT.
[Voi* LVI.
S u b s c rib e r* w i l l confer a g r e a t f a v o r by g i v i n g Im m e d ia t e n o tic e o f a n y e r r o r d is c o v e r e d In th ese T a b le s .
Bonds—Prm oL
IN TE R E S T OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Par
of
of
Outstanding Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Road. Bonds Value.
Whom.
Dividend.
RAILRO AD S.
on first page o f tables.
Baltimore .t Ohio—(Concluded.)—
Loan, 1877 (s. f. ilr’n at 100) (B.& O. ACh.bds.col’l)e
N. W. Virginia RR. 1st M. (ext. in 1888) assiun.c)
B. A 0. loan 1879 (Parkersh'g Br. bonds collat.) f
Mort. on Plula.Br.. with Balt. APhila. bds.aseol.c
Wash C.& P.L.(Alex.Br.) 1st M.g.s.f.$36,000p.an
Pittsburg & Connellsville 1st mortgage...............
Consol, mort., gold, guar. (s. f. £7,200 per y r.).
B. AO. loan,'85,g.(Pitts. A Conn.bds. ascol.).c*Ar
Car trust loan, gold ($250,000 pd.yearly Jan. l).c
Equipment trust ($100,000 paid yearly April 1)
Equip, trust, Ser.B.,$200,000 due y ’rly Nov. 1.0*
_ a I Scbuyl. R. East Side RR. 1st M., g. (guar.)
Monongahela R iver RR., 1st M., g, gu...o*
< Balt, A N . Y. RR., 1st M., gold,guar...cAr
5 a Akron A Chic. June. 1st in., gold, Int. gu.e*
l Balt.Belt.lstM .for $6,000,000,g.,int.gu.e*
Balt, if Ohio Southwest.—Cin. A Balt. 1st mortgage.
1st M., gold (guar. p. & i. by Balt. A 0.. end.). . . c”
1st pref. income mort., not cumulative, gold...o*
2d pref. income mort., not cumulative, gold...c*
3d pref. inoorne mort., not cumulative, gold...c*
B. A O. S. W. Term. Co. 1st M. gold, guar., pAi..*
Ball. < Potomac—IstM . (tun.) g., s. f.lp.c.,n otdr’n.c"
e
1st M., road,guar., gold, s. f. 1 p. c., not drawn. ,c*
Consolidated mortgage for $10,000,000, gold..o*
Bangor if A?-.—1st M.$3,360,000($16,000p.m.) g.c*
Bangor <t Piscataguis—Prei. mort. Green E x t.......
Bonds held by City o f Bangor..............................
Beech Creek—Stock (guaranteed 4 per cent by end.)
1st mortgage, gold, guar, by N. Y. Central___c,tu
2d mortgage for $1,000,000, gold, guar. p. A 1 cAr
.
ClearHeldBitiim. Coal 1st M..gu. by Bh. Or., gold, c
263
108
12
149
149
149
10
32
5ns
73
8
5
281
281
281
281
1^
90
92
210
165
165
165
. .. .
£200
1877
1855 $1,000
1,000
1879
£200
1883
1,000
1873
1868 $1,000
£200
1876
1885 $1,000
1,000
1887
1,000
1889
1,000
1890
1,000
1886
1,000
1889
1,000
1889
1,000
1890
1,000
1890
1,000
1869
1,000
1889
1,000
1889
1889
1,000
1,000
1889
1892
1,000
1,000
1871
1,000
1871
1.000
1889
1,000
1893
1883 500 Ac.
1,000
1869
50
1,000
1886
1892
1,000
1891 100 &c.
B a l t i m o r e A O h io —(C o n c lu d e d .)
Ca p i t a l Sto c k .—Common stock listed on N. Y . Stock Exchange in
February, 1892. See the application for listing in V. 54, p. 368. Of
the common stock $8,975,000 is deposited in trust as above stated.
Bee fofm o f trust certilieates in V. 54, p. 369. Preferred stock carries
6 per cent dividends only.
On Nov. 11, 1891, the Directors voted to increase the stock from
$14,792,566 to $25,000,000, paying a 20 per cent stock dividend,
and paying $2,161,800 for the previous purchase o f Pittsburg A
Western RR. stock, leaving about $5,000,000 applicable to improve
ments, which was sold in January, 1892. See V. 55, p. 899.
D iv id e n d s on Common Sto c k .—In 1880,9 ; in 1881 to 1885, inclusive,
10; in 1886, 8; in 1887, 4; then none till 1891, when 20 per cent in stock
was declared, payable Dec. 31; in 1892 resumed cash dividends, pay
ing l t i per cent in May for the quarter ended Dec. 31, 1891; Nov.,
2t3 per cent; in 1893, May, 2 > per cent (semi-annual).
-j
P rice of Common St o c k .—(In Baltimore till March, 1892, then in
New York)—In 1883,1921 205; in 1884, 167®199; iu 1885, I66I2®
a®
185; iu 1886,150® 191; in 1887, 104@180; in 1888, 80®106Lj; in
1889, 81S101L; in 1890 92ia®107'2; in 1891, 847
a@104; in 1892 84®
1 0 1 in 1893 to May 19 inclusive, 773t®977
s.
B onds .—In addition to bonds given above as outstanding the B. A O.
sinking funds held June 30, 1892, consols of 1887 to the amount of
$4,274,000(interest on which is paid in consols themselves) and other
flrsLclass interest-bearing bonds to the amount of $5,558,972.
The consolidated mort, of 1887 (trustee, Mercantile Trust A Dep. Co.)
covers the main line, Baltimore to Wheeling, and branches, 444 miles,
the two Ohio R iver bridges, stock of the Washington branch for $1,028,000, and the entire issue o f lirst mort. bonds ($5,000,000) on the road
between Pittsburg and Wheeling. The balance of consols unissued is re
served to retire the prior bonds not held by the sinking funds. Abstract
of mortgage was in V. 46, p. 804,
G u a r an t ie s .—The bonds of the Schuylkill R iver East Side RR. are
guaranteed by Baltimore A Ohio. So too are the Monongahela R iver 5s,
which cover road from Clarksburg to Fairmount, W. Va., and the Balti
more A New York 5s, covering 5 4 miles of road from west end of the
Arthur K ill bridge of the Staten Island Rapid Transit RR. to a junction
with the Cent, of N. Jersey RR. near Roselle, N. J., and 2 miles sidings.
The Akron A Chicago J unction 5 per cent bonds cover road completed
in July, 1891, from Akron to Chicago Junction, 73 miles. They are
guaranteed as to interest by the rental from Baltimore A Ohio, as also
the Baltimore B elt bonds on lino building through the City of Baltimore
V. 51, p. 344, 405, 829. Bait, Belt guaranty was quoted in V. 56,p. 695.
The other bonds guaranteed are $11,000,000 Baltimore A Ohio South
Western first mortgage 4Lj per cents; $2,500,000 Staten Island Rapid
Transit 2d mort. 5 s; $326,000 Valley of Va. 1st mort. bonds (held in
sinking fund); $147,250 Winchester A Potomac first mortgage 6s,
and $2,240,000 oi the Columbus A Cincinnati Midland; also interest on
2,400,000 Pittsburg Cleveland A Toledo first mortgage bonds and
4,000,000 5s West Virginia A Pittsburg RR., which see.
G e n e r a l F inances , Ac.—This company operates one of the lead
ing trunk lines to Chicago, as w ell as a line to Cincinnati. A fte r having
paid dividends for many years the company passed the November 188L
and subsequent dividends on common stock until November 1891
when 20 per cent in stock was declared, and this was followed in Mav’
1892, by a quarterly dividend o f 114 in cash and a semi-annual divi
dend of 2Lj per cent in November. Since 1887 the property has been
reatly improved and enlarged. Special loans and bills payable were
3,361,529 July 1, le92. For offsets see balance sheet, V. 55 p 893
It is proposed to bring the Ohio A Mississippi into the system, the
B. A O. to guarantee $25,000,000 new 4 4 per eont bonds, to be used in
retiring old issues and for improvements. See Ohio A Mississippi.
L atest E arnings .—From July 1,1892, to Apr. 30,1893, (10 months)
gross on all lines east and west o f Ohio R iver were $21 705 137
against $21,721,854 in 1891-92; net, $5,774,468 against $6,407,358.
f
f
ANNUAL R e po r t .—Fiscal year now ends June 30. Annual meeting
is still held, notwithstanding change of year, at Baltimore on the third
Monday of November. The last report was for nine months ending
Juno 30, 1892, (See Ch r o n icle V. 55, p. 878, 893, 896), but it gave
figures for year ending Sept. 30,1892, as below, in comparison with
previous years, September, 1892, being approximated.
Tear ending Sept. 30—
1890
1891
1892
Gross earnings ....................... $24,412,096 $24,530,395 $26 034 167
Operating expenses................. 16,966,870
17,078,23313Ji9.L801
N et earnings............................ $7,445,226
Add income from othersources. 1,509,837
$7,452,162
1,259,877
$7,438,367
Total not income................ $8,955,063
Net earns. Washington Branch.
376,172
Fixed charges........................... 6,417,599
Divs.on 1st A 2d pf. st’ k (6 p.o.)
300,000
Dividends on common stock...
...........
$8,712,039
190,767
6,429,098
300,000
$9,304,367
205,425
6,639,222
300,000
<14)312,428
Burplus.................................... $1,861,292
Deduct payments to retire bds.
481,058
$1,792,174
471,558
$1,847,292
674,057
Leaving a balance o f......... $1,380,234
$1,320,616
$1,173,232
1, 866,000
$7,008,320
140,000
3,000,000
11,616,000
540,000
4,000,000
6,567,880
10,000,000
1.000,000
600,000
1,600,000
4,500,000
700,000
350,000
1,500,000
6,000,000
333,000
10,667,000
5,500,000
6,400,000
7,700,000
1,500,000
1,500,000
3,000,000
3,000,000
(!)
300,000
925,000
5,500,000 4
5,000,000
500,000
825,000
5 g.
6
6
413 g.
6 g.
7
6 g.
5 g.
4hs g.
5
5
5 g.
5 g.
5 g.
5 g.
5 g.
7
413 g.
5 g.
5 g.
5 g.
5 g.
6 g.
6 g.
5 g.
5 g.
5
6& 7
per an.
1 g.
5 g.
4 £.
J. A D. London, J.S.Moi'ganACo June 1, 1927
J. A J. Baltimore, B. A 0. RR. Mch. 1, 1902
A. & O. N .Y..D . M. A Co. A Balt. Apr. 1, 1919
A. & 0. London, Brown, S. &Co. Apr. 1, 1933
J. & D.
Baltimore, Office.
June 1, 1913
J. A J. Baltimore, B. A 0. RR. July, 1898
J. & J. Lond’n,J.8.Morgan&Co. Jan. 1, 1926
F. < A. N. Y., Union Trust Co. Feb. 1, 1925
fe
J. A J. Balt’me, Merc. Trust-Co. 10 p. c. yearly.
A. A 0. Phila., Fin’ce Co. of Pa. 1894 to 1899
M. A N.
do
do
N v . l , ’ 93-190©
J. & D. Phila., Solicitors’ Co.
Dec. 1, 1935
F. & A. N. Y „ Central Trust Co. Feb. 1, 1919
M. A N. N.Y., Drexel-M.; &Balt. May 1, 1939
M. & N. N. Y., Merc. Trust Co. Nov. 1, 193©
M. & N. N.Y.,Brown Bros.ABalt1 Nov. 1, 199©
J. A J. N. Y., Farmers’ L. & Tr. Jan. 1, 190©
J. & J.
do
do
Jan. 1, 199©
A. A O. N .Y ., F. L. A Tr. A Balt. Jan. 1, 199©
Nov. 1
do
do
Jan. 1, 1990
Dec. 1 N. Y .—WTien earned.
Jan. 1, 1990
M. & N.
New York.
M ay 1, 1942
J. & J. Balt. Office and London. July 1, 1911
A. & 0. Balt. Office, Calvert St. Apr. 1, 1911
J. & J.
do
do
July 1, 1929
J. A J. N. Y., Guar. A Ind. Co. Jan. 1, 1943
A. & 0. Boston, Mereh. Nat. Bk. Apr. 2, 1913
A. A O.
Apr. 1, 1899
Q.—J. N.Y., Gr’nd Cent. Depot Apr. 1, 1893
J. & J.
do
do
July 1, 1936
J. & J.
do
do
July 1, 1936
.T. & J. N. Y., Knickerb’r Trust. Jan. 1, 194©
-1892_________ ,
-1891.Earnings of—
Cross.
Net.
Gross.
Net.
Main Stem. A o.............. $12,031,582 $4,613,672 $12,342,1
,990 $4,318,043
Washington Branch......
726,419
190,767
768, 489
205,425
Parkersburg Branch___
793,295
160,634
856, 212
128,482
Central Ohio D ivision... 1,365,564
187,542
1,419, 931
285,999
Lake Erie Division____
1,106,818
255,359
1,032, 207
199,127
Chicago Division........... 2,556,814
383,721
3,067, 582
624,145
Pittsburg Division....... 2,880,391
981,796
3,000,,404
975,521
Wheeling A Pitts. D iv ..
653,012
54,212
669, 255
72,986
Philadel ,ia Division... 1,899,638
556,457
2,056, ,414
648,236
149, 978 df.10,625
New’k Somerset A St’le.
145,026
2,116
Col. A Cincin. Midland.
344,458
69,200
347,,646
22,769
Akron D iv.from Aug.91
27,376 def. 3,315
233 ,055 df.31,742
T o t a l......................$24,530,395 $7,452,162 $26,034,168 $7,438,366
—(V. 53, p. 58, 223, 568, 603, 712, 7 5 2 , 753, 755, 793; V. 54, p. 158,
366, 368, 643, 683, 721; V. 55, p. 678; 8 78 , 8 93 , 894, 8 96, 1077.)
B a l t i m o r e & O ltlo S o u t h w e s t e r n —( See Map o f Baltimore & Ohio)—Cincinnati. O., to Belpre, O., 193 miles; branches—Marietta to Belpre.
11 m iles; Portsmouth to Hamden, 55 m iles; Blanchester to Hillsboro,
22 miles; trackage in Cincinnati, 1 m.; total, 281 miles. Connecting line
to Cincinnati, etc., fo r Baltimore A Ohio, which owns all common stock.
P roposed Consolidation .—A s to proposed consolidation see Ohio
A MississippiandV. 56, p. 504. Of the consolidated company’s securi
ties. $11,000,000 new guar. 1st consols, w ill be issued only to retire an
equal amount of the B. A O. 8. W. first 4*23 o f 1889. A s regards the other
B. A O. S. W. securities, the first income bonds w ill receive 18 per cent
in new guar, first consols on payment iu cash of a premium o f 5 per
cent and 82 per cent in “ A " income bonds at par. Second income
bonds V ill receive 10 per cent in “ A ” income bonds, 60 per cent in “ 6”
income bonds, 10 per oent in new 7 per cent preferred stock. Third
income bonds w ill receive 20 per cent in “ B ” inooine bonds, 20 per cent
in new 7 per cent preferred sroek. Preferred stock will receive 8213.
per cent in new 7 per cent preferred stock. More than a m ajority of
securities o f both companies, it Is stated, has assented to plan. V. 56,
p. 580, 669.
Ca p ita l Sto c k .—Stock $5,000,000, o f which $2,500,000 is preferred,,
g p. c., non cum ulative; common then gets 6; then both share equally.
B onds.—M ortgage abstracts in Y . 51, p. 245, 246. Interest on
incomes as follows. On first incom es; in 1891, March, 4 per cent; in
April, 1892, 5 per cent; in October (for half-year), 2fis per cent. On
second incomes: In 1892,1 per oent.
E arnings.—July 1,1892, to Mar. 31,1893 (9 months), gross $2,053,279, against $2,076,097 in 1891-92; net, $750,112, against $804,454.
A nnual R eport .—Fiscal year ends June 30. R eport for 1891-92 was
in V. 55, p. 879, 899, as follows :
Gross
Other
Fixed
Balance*
Years.
Earnings.
Net.
income.
Charges.
surplits.
1891-92....$2,648,743
$999,214
$2,988
$564,404
$437,798
1890-91.... 2.326,671
809,810
3,682
561,589
251,903—(V. 54, p. 287. 485; V. 55, p. 297, 542, 639, 8 79, 893, 899; V. 56, p,
332, 414, 440, 464, 504, 580, 669.)
H u ll i m o r e & I*o 1o m a c .—Owns from Haiti inore, Md., to South End
Long Bridge, Va., 43 miles; and from Bowie to Pope’s Creek, 49mileBi
total, 92 miles—including tunnel in City o f Baltimore; leases branch 4
miles; total operated 96 miles. Controlled by the Pennsylvania RR. Co
Sto c k .—$4,914,250 (par $50), of which Pennsylvania RR. owns
$4,081,100 and Northern Central $622,850.
B onds .—Consols ar*
reserved to retire all the prior bonds as they mature. Th* first mort
gage bonds are guaranteed by Pennsylvania RR. and Northern Central.
E arnings .—In year 1891 gross earnings were $1,808,245; net (includ
ing $16,526 of “ other income” ), $475,410; interest on bonds, $420,000;
other charges, $35,552; balance, $19,857. In 1890 gross, $1,708,368;
net, $462,848; other income, $1,555.
B a n g o r A A r o o s t o o k . —Has under construction road from
Brow nviile to Houlton, Me., 93 miles, to be completed October 1,1893,
and in 1894 w ill build from Houlton to Presque Isle, etc., making 200
miles in all. I t now operates under 999-year lease (terms V. 56, p. 204)
the Bangor A Piscataquis Railroad, Oldtown to Greenville (Moosehead
Lake) 77 miles, with its leased line to the Katahdin Iron Works, 19
miles. Stock authorized and outstanding—Common, $1,050,000; pre
ferred, 5 per cent, non-eumulative, $1,100,000—par $100. Mortgage
trustee is N ew York Guaranty A Indemnity Trust Co. See further
particulars, V. 56, p. 204.
B e e c li C r e e k .—R oad —Jersey Shore, Pa., to Mahaffey, 129 miles;,
branches, to Philipburg, to mines, Ao., 36 miles; total, 165 miles; track
age to Williamsport, 16 miles. Extension to Mahaffey, 27 miles, com
pleted 1892-93.
H istory and L ease—Suocessor to the Beech Creek Clearfield A
Southwestern, reorganized in 1886. From October 1,1890, leased to
the N. Y. Central A Hudson R iver RR. fo r 999 years at interest on
bonds and 4 per oent on stock.
Sto c k an d B onds .—Each share o f stock carries the Central’s guararanty o f 4 p. 0. dividends yearly, and the bonds are endorsed with the |
Central's guaranty of principal and interest. See V. 52, p. 570. In !
June, 1892, stockholders authorized the issue o f $1,000,000 new second
Ma y , 1888.]
KAILKOAD
STOCKS AND
BONDS-
17
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
Bonds—Princi
RAILROADS.
IN TE RE ST OR DIVIDENDS.
Miles Date Siae, or
pal,When Due.
Amount
of
Par
Outstanding Rate per When Where payable, and by Stocks—Last
,For explanation of column headings, Jtc., see notes of
Road. Bonds Value.
on iirst page of tables.
cent. Payable
IN horn.
Dividend.
B ellairt Zanesville dt Oin.—Priorlien mort-.redat 105
IstM . for $1,000,000 ($262,000 res.for pr.l’ n bds.)
Beit RR < Stock Yard o f Indianapolis— 1st m ort..
£
do
mortgage for $1,000,000 gold ......
Btleidere Del.—1st M., e xt’d in ’77, eonv., guar.___e
Cons. M. o f ’76. guar, by Un. Co's A Pa. RR.,s. f. ,r
do
sinking fund.
Bennington 4 Rutland— 1st mortgage...................
Berkshire—Sb>ck 6 p. c. (reutal X. V.'ST II. A Hart.)
.
Btrm. Shef. t£ Term. Rie.—1st M.. $2r».00O p.m., g.c'
.Bouton d Albany—Stock <$30,000,000 authorized)..
Bonds of 187-6 not m ortgage........................... cat
Bonds (not mort.) issued to State for it* stock . r
PittMtiell A North Adams (leased) stock.............
Ware R iver RR. stock, 7 p. c. rental 999 re a rs . .
B aton t£ Lo vell—St<*-k .
Bonds, not mortgage..
.Bonds.
do
Bonds.
do
Bonds,
do
Boston A Maine give*
Bond*.
do
a rental guarantee
Bond*.
do
e*..
for 99 years.
Bond*,
do
c*..
L.AL. andS.AL. bond*.
Nash. A Low plain b’ds
Do
do
Boston j Maine—.Stock, common ..........................
Preferred wtock, 6 per cent, nou cumulative.......
Plain bonds, not m o rtg a g e ............................ car
im p'nt bond* (sl.oOO.uoO due Feb., 1905) s. f ___
Do
do
.......
Bonds forimprovem'ts and refundg (see text). .CAr
Eastern KR.certs.of indebt.IstM., g.,*.f.,notdrn.c
102
102
64
67
67
59
22
119
389
19
49
1889 $1,000
1890
1,000
1876
i .ooo
1881
1,000
1867
1885-7 1,000
1,000
1893
1,000
1877
100
1,000
1889
100
1,000
1875
1882
....
100
100
100
1875
1876
1879
1883
1885-9
1892
1,000
1,000
1893
....
1873
1980
io o
lo o
1874 500 Ac.
1885-7 1.000
1887
1.000
1892 lOOOAc.
119 1876 # A S
mortgage 5 per cent bond* and #1.000,000 new stock, both guaranteed
by the S ew Y ork Central. These securities will be issued from time to
time to par for extensions of the road through Clearfield in a south
westerly direction about 70 miles, reaching undevelojied coal lielda.
In September, 189*2, #500,000 of these 5 per cents and #500,000 of stock
were Issued to pay for the extension from Kcrmoor to Mahaffcy, ‘27
miles, dec. (V. 55, p. '21.i Car trusts 15 per cents) #371,000.
D m o t t M —On preferred, 1880 to 1888, Inclusive, 5 per cent per
annum: In 1889,2** In January, 1890, 5 per cent: In 1891 stock was
all made common, and on this dividends o f 4 per cent are guaranteed.
See guaranty In V. 5'2, p. 570.
L atest E » kvivos . —Jan. 1,1893, to Mar. 31,1893 (3 months), gross
•378,521, against #307,476 In 1892; net, #'2*26,487. against #104,233.
ANNUAL R e po r t .—Fiscal year ends June 30. Report for 1891-9*2
was In V. 55, p. 542. showing gross earnings #1,230,634, net #328.177:
first charges, #315.231; dividend. #200,000; balance, surplus, #12,943.
Ia 1890-91 gross #1.101.237, net #551,262. (V. 52, p. 60. 238, 321.
- 498, 570; Y. Vt, p. 328, 867; V. 55. p. 21, # 4 2. 551; V. 50. p. 331.)
$250,000
738,000
500.000
500,000
1,000,000
1.250,000
600,000
475,000
600,000
2,975,000
25,000,000
2,000,000
3,858,000
450,000
750,000
6,229,400
500,000
750,000
620,000
250.000
3.675,000
1,000,000
400,000
426,900
200,000
100.000
l 1,738,425
0
3,149,800
2,000,000
1,.500,000
1,919,000
2,500,000
8.9.54,994
6
4
6
6 g.
6
4
4
7
See text.
5 g.
8 perau.
6
5
5 per an.
7 per au.
See text.
7
6
5
41*
4
4
4
6
6
5 g.
See text.
6 per an.
4
4
4
6
J. A J. N. Y., Farmers’ L. A Tr. July 1. 1899
J. A J.
Jan. 1, 1940
...
Dec. 1, 1896
M. A X. Phtla., W. H. Newbolds. Apr. 30, 1911
J. A D. Philadelphia, Pa. RR. June 1, 1902
Various Philadelphia, Pa. RR. Sent., 1925-27
do
do
J. A J.
Jan. 1, 1933
M. A N. N.Y., Union Trust Co. Nov. 1, 1897
Q .-J . Stockbridge Treasurer. Apr. 10, 1893
A. A O.
Apr. 1, 1929
Q .-M B&stomOf. K neeland St. Mar. 31, 1893
do
July 1. 1895
J A J.
do
do
do
Apr. 1, 1902
A. A 0.
do
do
J. A J.
Jan. 1, 1893
do
do
Jan. 1, 1893
J. A J.
Boston at Office,
J. A J.
Jam 1, 1893
do
Mch. 1, 1895
M. A S.
do
do
do
J. A J.
July 1, 1896
do
do
July 1, 1899
J. A J.
M. A N.
do
do
May 1. 1903
Various
do
do
1905-6-7-9
A. A O.
do
do
Apr. 1, 1932
do
do
F. A A.
Feb. 1. 1913
A. A O.
do
do
Oet.l897A*98
F. A A. Nashua, Co.'s Office.
Aug. 1, 1893
do
J. A J.
do
July 1, 1900
See text
Boston . at Office.
May 15, 1893
M. A 8.
do
do
Mar. 1, 1893
J. A .1
.
do
do
Jan., 1894
F. A A.
do
do
Feb.,1905A'07
F. A A.
do
do
Feb. 1, 1937
F. A A.
do
do
Aug. 1, 1942
g. M. A 8. Boat.; Lond., Baring Br. Sept, 1, 1906
Keene RR-, 29 miles (owned Jointly with Conconi A Mon, RR.); Central
Mus-uchusctts, 104 miles; (Sinnectlcut A Passuiupsle, 147 miles; total
leased, 280 miles; totul owned and leased, 309 miles.
L eases .—Leased In 1887 for 99 years to the Boston A Maine at 7 per
cent on stock till January, 1897, and 8 per cent thereafter.
Bond * a x b St o c k —Stock authorized, #6,329,400. July 1. 1892, loans
ami bills payable #790,000. In February. 1893, $100,000 o f 4s duo
1913 and #200,000 stock were sold for new terminal.
D iv io e vd s since 1880—In 1881 and 1882,4 percent; In 1883, 5; In
1884, S **; In 1885 and 1886, 0; In 1887, 6>*; In 1888 and since at rate
o f 7 per cent yearly; but see terms o f lease above. (V. 54, p. 78.)
B o s t o n A W a ln e .—R o a i > he system Oct 1,1892, consisted of
—T
the fo llo w in g :
L in e * owned.
Mites
Line* leased.
Miles.
Boston, Mans., to Portland, Me. 116 Boston to Sherbrooke, C a n ___290
Boston to N. ft. State Line
41 Other branches........................560
Conway June., Me., to Surtti
Conway, N. H ........................ 73
B e lla lr e Z a n e s v i l l e A C in c i n n a t i . —Owns Be Hairs. O., to Small branches.........................130 Total opera ted Oet. 1, 1692.. 1,210
Double track ...................... 225
Wilhelm Station, O., 102 miles, three foot gauge; Muskingum County
Controls Me. Cent, (which sec).822
Railroad, Wilhelm to Mill Ruu,9 miles; trackage II. AO . KK.. Mill Run to
To this In February, 1893, was added the Connecticut R iver Road,
Zanesville, 9 miles; total operated, 112 miles. Reorganized In 1889.
Stock Is: Common, 8832,000; preferred, #795,910; par #50. In year j Springfield, Maw., to Keene, S. H., with branches, 80 miles In all
ending June 30, 1892, gross earnings #97,015. (against #88,931 In ; The leased lines Include ; Boston A Lowell. Central of Mass. Nashua
| A Lowell, Northern o f N. H., Worcester Nashua A Rochester, etc.
1890-91); net over expenses and taxes, #10,291.
For terms o f leases sec each company.
B e lt B a l l r o a d A S to c k Y a r d o f I n d i a n a p o l i s . —Owns 14 j O r g a n i z a t i o n , Etc . -In 1890 a consolidation was made with the
miles of belt rood, etc,, at Indianapolis- Leased for 999 years to In |Eastern Railroad o f Massachusetts and the Portsmouth Great Falls A
dianapolis Union—which see. Stock Is: Common, #1,<KH1,000; pre Conway, on terms In V. 50, p. 589. Authority to consolidate with its
ferred 6 per eent (1>* per cent quarterly), #500,000; par,#50. In 1892 other leased lines was granted In 1891. Company owns #2,284,400
the company stated that the " common stock had not paid less than 3
Maine Central stock and Is Interested In St. Johusbury A Lake Champ. c. semi-annually (J. A J.i and at times more for past fifteen years.”
plain. In January, 1893, authority to lease or purchase the Concord A
B e lv ld e r e D e l a w a r e . —Owns from Trenton, N. J., to Man links Montreal was sought from the Massachusetts Legislature. See V. 56,
Chunk, N. J., 67 miles; Flemlngton UR.,Ac., 14 miles; operated cut-off, 1 p. 205, 463, 068. I n February, 1893, the Connecticut R iver Road was
mile; total operated, 8*2 miles. Leased to United Companies, and trans leased for 99 years. See that Company aud V. 56, p. 245.
In October, 1892, Mr. McLeod became President, and In May, 1893,
ferred to Penn. RR. March 7, 1876. Net earnings paid as rental. The
first mortgage (convertible into stock) and the #1,250,000 4 per cents of resigned, the Reading having sold Its stock. See V. 55, p. 723. An
1885-7 are guaranteed by the United Companies, their guaranty having agreement with N. Y. New Haven A Hartford was made in 1893,
been assumed by the Pena. RR. under its lease. In 1892, net, #210,- (V. 56, p. 464.)
141: Interest on bonds. # 160,248; Interest on rolling stock, #26,784.
Sto c k .—On Oct. 1,1892, common stock authorized was #21,819,300;
Dividends of 6 per cent are paid. Stock, #1,150,000 (par #50).
preferred stock, #3,119,800; outstanding, as In table above,
in
1891-92 #4,592,100 stock was
52, p.
B e r k s h ir e . —Owns from Connecticut State Line to West Stock- 164,349,1 and in July, 1892, Issued to stockholders at par. (V. retire
#750,600 more was authorized to
bridge, Mass., 22 miles. Leased from April 1,1893, for 99 year* to the the stock o f the Chelsea Beach, Ac., roads, mostly owned by B. A M.
Sew York Sew Haven A Hartford at 6 per cent on stock, which will be
stock #945,200 held by mortgage trustees of Eastern
exchangeable for stock o f lessee at rate of five shares of Berkshire for Of the commondividends.
three o f lessee daring six months some time prior to Jan. 1,1900. Les RR.. draws no
DrviDEXDS.—On common stoekslnce 1880:—In 1881 to 1885 Inclusive,
see pays taxes. Old lease to Housatonic Is suspended but not canceled.
B ir m in g h a m S h e ffie ld A T e n n e s s e e l t l v e r . —Rost)—Sheffield 8 per cent; In 1886.91*; In 1887, 10; In 1888 and 1880,9; In 1890,961.
In 1891. 9; In
4; in 1893, Slav, 4
to Jasper, Ala., and branches, 119 miles. Sec V. 55. p. 768. Sto c k — dends changed1892, May, 4; Nov., to be paid Aug. 1. p. c. In 1893, d iv i
to quarterly, first
#3,275,000; par, 8100. Mortoaoe trustee Is Knickerbocker Trust Co.
B onds .—I n 1892-93 Issued #2,500.000 o f 4 per cent bonds, o f which
i. VRvivos—From July 1 to Mar. 31.1893 (9 mouths), gross earnings were
$197,465, against #170,108 In 1891-92; net, #57,125, sgsv #67,131 In #1,500,000 to retire a like amount of 7 per cents due Jan. 1,1893, and
ear 1891-92 gross earnings were #227,311; net, #87,563; Interest on #1,000,000 for improvements.etc. To refund the #2.000,000 7 percents
ends, #148,750; taxes, #13,863. There are car trusts outstanding. due Jan. 1, 1804, a like amount o f 50 years 4s has been authorized.
There were outstanding Mar. 31, 1893, #3.105,000 loans and bills
V. 55, P.768. Matured coupons unpaid on June 30, 1892. amounted to
payable. Karly in 1893 B. A M. ** assumed ” the Conn. R iver Co.’e
#364,880.
#876,000 notes payable. Charleston land mortgages are #584,900.
B o s to n A A lb a n y . —Owns from Boston, Mass., to Albany, S. Y..
Central the B. A
202 miles; numerous branches, 104 miles; leased lines, 83 miles; total Jointly with Maine Ry. station Co's. M. guarantees #300.000 bonds of
the Portland Union
operated, 389 miles. A consolidation o f December, 1807.
L atest E a k . in i ; s.— For 9 months ending Mar. 31 earnings w e re :
v
Sto c k —In 1889 obtained permission from the Legislature to issue
Met.
Oth. income. Charge*.
BtU., surp.
#10,000,000 additional stock, #7,000,000 being for Imnds due In 1892 9 mos. Gross earns.
..#12,462,439
and 1895 and the remainder for improvements. On Jan. 5, 189*2, 1892..
#4.230,032 #119,218 #2,850,158 #1,799,092
1 8 9 1 ..
. 11,693,774 4,093,867
#3,000,000 o f this new stock was Issued to retlre7 per cents due Feb. 1.
390,017
2,901,373
1,582,541
A x x d a l R e to rt .—F iscal year changed to end June 30. Annual
OrviDRSDs—Cash dlvtdemls at the rale o f 8 per cent yearly have been
>
paid for many years. Stock dividend, lo p .o . In 1883 and 3 i* p. c. in 1886. meeting second V ednesday In October. For years ending Sept. 30
L atest E a r . i . os—For 9 months ending Mar. 31 earnings have been: earnings have been as below. Report for 1891-92 was In V. 55, p. 936.
v v
Tear Ending Sept. 30.
1800.
” mo*.
(fross.
Ns/,
Ini., tare*, etc. Bat. for Block.
1891.
1892.
Mile* operated.........................
1,210
1692 .............#7.5*28,559
#2,338,368
#99-1,037
$1,364,331
1,210
1,210
Passenger earnings.................. #7,347,201
1691............. 7,320.030
*2,011,182
1,006,001
915,181
$7,514,771
$7,951,561
7,118,583
7,011,127
7,424,549
A xxt’ At, R epo rt .—Fiscal year ends June 30; report In V. 55, p. 254. Freight.....................................
Mall, express, Ac.....................
625,907
656,764
700,742
Tear ending June 30—
1890.
1891.
1892.
Gross earnings...................... #0.151.069
#9,216,222
#9,863,316
Total gross earnings.......... $15,091,691 $15,182,662 $16,076,852
Operating expenses and taxes. 6.276,777
6,807,751
7,403,183 Operating expenses and taxes. 10,567,213
10,728,685
11,387,875
Net earnings............. . ...$2,874,292
•2,408,471
#2,460,133
Net earnings...................... #1,524,478
#4,453,977
#1,688,977
Irtcrest paid........................... #662,900
#4,951.311
#662,900
#5,218,728
#517,067 Total net.lnclnd'g other Income #4.963,978
Rental, .................................
78,000
$2,018,090
#2,012,567
78.000
78,000 Rentals paid............................ $2,576,381
580,544
Dividends (8 per cent)............ 1,600,000
982,224
1,600.000
1,800,000 Interest on bonds....................
| 1,160,412
Other interest.........................
150,757
181,077
1(H),000
76,947
68,381
#2,340,900
#2,395,067 Sinking funds...........................
Tot» 1................................ #2,3-10,900
1,329.030
1,478,132
bainnse. surplus.................... #533.392
#67.571
#65,066 Dividends................................. 1,042,211
Rate o f dividend...................... (9**c.; 3 pf.)
(9s.; 6 pf.)
(8o.; 6 pf.)
—(5. 54. p. 2-13, 762; V. 55, p. 25 1. 3 17, 806; V. 56, p. 247, 754.)
#514,085
B o s to n A L o w e l l . —Road —Owns Boston to Lowelb 27 miles! Balance, surplus.....................
$372,509
#490,670
branchea-Balem and Lowell, 17 miles; Lowell and Lawrenoe, 12 miles) - ( V . 54, p. 328, 762; V. 55, p. 21, 337, 462, 704, 722, 723, 894, 9 3 0 ,
-other*, 32 miles; Middlesex Central, 11 miles; leases—Manchester A 1034; V. 56, p. 82,205, 245, 289,463,464, 668, 835.)
S
INVESTORS’ SUPPLEMENT,
18
[V o l. L V I.
S u b s c rib e rs w i l l c o n fe r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o tic e o f a n y e r r o r d is c o v e r e d In th ese T a b le s .
RAILRO AD S.
on first page o f tables.
Bost. d Maine—( C on.)ls t mortgage.
Bonds—Princi
IN TE R E S T OR DIVIDENDS.
Miles Date Size, or
pal,When Due
of
of
Par
OutKLandino' Rate Por When 'Where Payable, and by * Stocks—Last
Whom.
Dividend.
ROad. Bonds Value, outstanding Cen£ Payable|
73
54
50
08
....
....
Boston Revere Iieach & Lyn n —Stock.
Boston Wlnthrop & Shore 1st mortgage, guar .
B rooklyn Bath d west End—1st m., A. (See te x t). .c
1st mortg.. series B, subi. to call after Jan. 1, ’97.
2d M. for $100,000, subj. to call after July 1 ’96
Brooklyn d Brighton Beach—1st m ortgage.........c
Brooklyn Elevated—lstm ., gold, s. f., not drawn...c'
2d mortgage, gold, sinking fund, not drawn----c*
Union El., 1st M.,$550,000 p. m., gold, ass umed.c*
2d M.,lnc., non-cum., $185,000per mile, gold.c*
Seaside & B ’klyn B. 1st M. gold, guar, p.and i.c&r
Buff. Brad, d B ills —Gen.M. (10,000acres lam3'
Buffalo Greek—1st mortgage...........................
ConBOl. mortgage for $1,000,000 gold..........
Buff. N. ¥. d Erie—Stock (7 p. c. rent. N.Y. L. E.&W.)
1st mortgage................................... .................C
Buffalo Rochester d Pittsburg—Stock—Common___
Preferred 6 per cent non-cumulative..................
B. & P. 1st M , gold, Rochester to Salamanca___ c’
R. < P. consol, mort., $20,000 per mile, gold, g. c’
fe
B. R. »feP. 1st general M. ($10,000,000) gold___c’
R. & P., car trusts, $675,000 are gold............ c*
Lincoln Park & Charlotte 1st inort.,gold,guar.c’
Buffalo d South w.—1st M., gold, int.guar. by E rie.c’
Burlington Cedar Rapids d Northei'n—Stock.........
1st mortgage.............................................c* & R.
8
6*2
6L>
6 5
*1
7*2
6
6
11
11
4
26
6
6
142
142
304
304
108
A ll
A ll
1877 $500&c.
1880
1873
1888
1877
1886
1887
1887
1891
1887
1884
1885
1887
1887
1892
1865
1882
1891
1876
100
1,000
100
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
100
100
1,0 00
1,000
1,000
1,000
1,000
11
67
1881
1882
1887
V ar’s
1889
1877
50 &e.
369
1876
lOO&c.
100
B o s t o n Sc N e w Y o r k A i r L i n e . —Owns from N ew Haven, Conn.,
to Williinantie, Conn., 50 m iles; leases Tum erville to Colchester, 4
m iles; total o p f’■ated, 54 miles. Formerly the N ew Haven Middletown
& Williinantie. A lease was made In October, 1882, to the N ew York
New Haven & Hartford Railroad for 99 years at 4 per cent yearly on
the preferred stock and interest on the bonds. Common stock author
ized $1,000,000; outstanding (including scrip) $864,231; par, $100.
On A p ril 14,1893, lessees owned $1,572,500 of the preferred stock.
B o s t o n < e P r o v i d e n c e . —Owns from Boston, Mass., to Providence,
S
R. I., 44 m iles; branches, 20 m iles; leases, Attleborough to North A ttle
borough, 4 m iles; total operated, 68 miles. Leased for 99 years from
A p ril 1,1888, 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 o f $32 50 was
paid on stock M ay 2, 1888. Old Colony to July 1,1892, had invested
$1,671,938 in road on lease and improvement account. (V. 55, p. 638.)
B o s t o n R e v e r e B e a c h Sc L y n n . —Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 inileB, connecting with Boston by
company’s ferry boats; Boston Winthrop & Shore RR), East Boston to
Wlnthrop, 5 miles, with branches 3 miles. On July 1, 1891, consol
idated with the Boston Wlnthrop & Shore Road. Notes payable were
October, 1892, $20,000. D ividends: From 1888 to 1891 inclusive. 7
per cent per annum; in 1892, Jan., 3 p. c.; July, 2 V ; in 1893, Jan., 21 .
®
E ar n in g s .—From July 1, 1892, to Mar. 31,1893 (9 months), gross,
$228,162, against $246,992 in 1891-92; total net income, $81,137,
against $100,789. In year 1891-92, gross earnings w ere $336,922
(against $308,178 in 1890-91); net, $109,454; interest, $38,368; taxes,
$19,336; dividends, 6*2 p. ct., $51,750. (V. 55, p.297; V. 56, p. 289,754.)
B r o o k l y n Sc B r i g h t o n B e a c h . —Owns double-track road from
Atlantio Avenue corner Franklin Avenue, Brooklyn, to Brighton
Beach, N. Y., 71 miles. Successor to the Brooklyn Flathush & Coney I
o
sold in foreclosure in October, 1887. Stock is—common, $500,000;
preferred, $500,000. In year ending June 30, 1892, gross earnings
were $113,406; net, $24,277; interest, $38,001; terminal property,
$29,756; deficit, $43,480, against $28,182 in 1890-91. On July 1,
1892, there were loans and hills payable for $273,021. President, J.
Jourdan, Brooklyn (V. 55, p. 500.)
B r o o k l y n B a t h Sc W e s t E n d . —Owns double-track road from
Brooklyn (Union Depot), Fifth Avenue and 36th Street (terminus
Union Elevated R.B.), via Bath Beach and Bensonhurstto Coney Island
61 miles, an has trackage to 39th Street Ferry. Reorganized in 1885.
!!
In January, 1893, control acquired in interest of Brooklyn Traction
Co. See “ Mieellaneous Companies.”
Common stock, $500,000 (par $100). Preferred stock authorized,
$100,000; outstanding, $52,000. July 1, 1892, there were also
loans, hills payable and mortgages for $71,028. The series A
bonds are subject to call after Jan. 1,1897. In year ending June 30,
1892, gross earnings were $78,274, against $103,066 in 1890-91:
deficit, $1,879; interest, $31,094; deficit, $32,973. Y. 55, p. 506.
B r o o k l y n E l e v a t e d . —Owns from Fulton Ferry and Brooklyn
Bridge to East N ew York, 63 miles; Broadway and Lexington Avenue
a
to Broadway Ferry, 2% miles, and M yrtle Avenue to Adams Street and
Brooklyn Bridge, 4% m.; branch to Greenwood, 3ig tu.; total, 18 miles.
H is t o r y .—In October, 1890, consolidated with the Union Elevated
and in June, 1892, stockholders voted to consolidate with the Seaside
< Brooklyu Bridge Elevated RR. Of the Seaside road lfi> miles to
fc
Cypress H ill Cemetery was under contract to he completed by March 1
1893, and the line to 39th Street ferry by June 1,1893.
’
Sto c k and B o n d s —Stock is $13,283,600 (par $100). I f net earn
ings suffice, a sinking fund of one per cent w ill purchase Brooklyn
Elevated 2d mortgage bonds if obtain able at 90 and first mortgage
bonds at 105—no bonds drawn.
D
The Union Elevated first mortgage is for $7,000,000; the second for
$2,500,0Ou; trustee of both, Central Trust Company. Abstracts in V
4 9 ,p.583. S eealsoV . 48, p. 129; V. 49, p. 471.
The Seaside ■ompauy’ s mortgage is for $4,000,000, o f which $3,000 000 for the construction and equipment of the roads m.rth of Sixtvflfth Street and $1,000,000 for those south of it. V. 55, p. 722.
L atest Ea r n in g s .—For 3 months ending Dec. 31 earnings were:
3 mos. Gross ear’s.
.let.
Ollier hie.
(Jharaes.
Bal sur
1892.. .$513,245
$235,236
$1,936
$182,' 66
$54 706
1891.. . 471,502
211,979
2,093
160,764
53’308
A n n u a l R e po r t .—Fiscal year ends June 30. Annual statement for
B u f f a l o B r a d f o r d Sc E Itts b u ra :.—Owns from Carrollton, N Y „
OileBville, Pa., 20 miles. Completed in 1866, and leased to New
York Lake Erie & Western for 499 years. Rental, 7 per oent on out
standing bonds, $40,600 a year. Capital stock, $2,286,400; par $100.
niXLKi
ye a rs ,---- —
.
---------------------panv. Renta), $238,100—viz., 7 per cent on stock amt bonds, and
organization expenses. Dividends and interest paid direetly by lessees.
$ 1,000,000
3.000.
500.000
4.000.
500.000
1.665.000
850.000
350.000
289.000
250.000
250.000
52,000
500.000
3.500.000
1.250.000
6.150.000
2.068.000
1.500.000
580.000
250.000
238.000
950.000
2.380.000
6.000. 000
6 , 000,000
1.300.000
3.920.000
3.971.000
939.000
350.000
1.500.000
5.500.000
6.500.000
4*2
4 per
000 an
5
10
000pr.an.
7
4
See text.
6
5
5
5
5
5
eg5 e6 8§ g-
? g'
6
„
5g7 per an.
7
See text.
6 g6 &
5 g5 ,6 & 7
5 86 gSee text.
5
& D.
& O
& A.
-J .
& J.
June 1, 1937
April, 1893
Aug. 1, 1905
Apr. 1, 1893
July 1, 1893
July 1, 1918
Jan. 1, 1893
July 15,1897
Sept 1, 1906
Jan. 1, 1907
Jan. 1, 1916.
June 1, 1911
Sept. 1, 1927
O c t 1, 1924
July 1, 1915
M ay 1, 1937
Jan. 1, 1927
July 1, 1942Jan. 1, 1896
Jan. 1, 1907
Jan. 1, 1941
June 1, 1893
June 1, 1916.
Q .-F .
F. & A.
J. & D.
M. & 8.
Various
J. & J.
J. & J.
Feb. 15,1893
Feb. 1, 1921
Dec. 1, 1922
Sept 1, 1937
Yar. to 1900.
Jan., 1939
July 1, 1908
Feb. 1, 1893
June 1, 1906
Boston, 2d Nat. Bank.
•N.H., N.Y.N.H. & H. Ck).
N.Y., LincolnNat. Bank
Boston, Office, Park 8a.
do
do
do
do
Boston.
Boston, Of. Atlantic A v.
do
do
& J. N. YT Seligman & Co.
.,
& O.
do
do
& D.
& S.
& O. N. Y., Cent. Trust Co.
& J.
do
do
& N.
do
do
do
do
& J.
& J.
do
do
& J. N. Y . L. Erie & W. RR.
& J. N. Y., Fanners’ L. & Tr.
& J.
do
do
& D. N. Y. L. Erie & W. RR.
& D.
do
do
N. Y., 36 W all Street.
N. Y., Union Trust Co.
do
do
do
do
N. Y., Gallatin Bank.
N. Y\, Union Trust Co.
N. Y., First Nat. Bank.
N. Y.,Of.,80 Broadway.
J. & D. N. Y., Central Trust Co.
B u f f a l o R o c h e s t e r & P i t t s b n r j; R a ilw a y . - f ^ e e lf a jp . )—R oad ,
Owns Rochester, N. Y., and Buffalo, N. Y., to Walston, Pa. (except 19 miles
o f trackage mentioned below and here deducted), 2G1 miles; branches to
mines, 12 miles. Proprietary roads ow n ed: Lincoln Park & Charlotte
Railroad, 11 m iles; P erry RR., 1 m ile; Clearfield & Mahoning RR., Du
Bois to Clearfield on Beech Creek, 27 miles. Trackage—Clarion Junc
tion. Pa., 15; Buffalo Creek RR., 4 m iles; total operated, 331 miles.
Organization , etc.—Formed in March, 1887, as successor of the
Rochester & Pittsburg, which was foreclosed in October, 1885. In
April, 1890, a controlling interest in the stock was purchased by a
Buffalo syndicate, headed by the Bell, Lewis & Yates Coal Mining
Company, a certain coal tonnage being guaranteed to the railroad for
five years. See V. 50, p. 560, 589. The entire capital stock o f the
Rochester & Pittsburg Coal & Iron Company is owned.
In May, 1893, the Clearfield & Mahoning RR. was completed and
leased to this company at 5 per cent on its $650,000 first mortgage,,
and 6 per cent on same amount of stock. The road was built under a
fifty-year traffic agreement with the N. Y . Central and Philadelphia &
Reading, and w ill afford outlet for coal to seaboard. See Clearfield A
Mahoning statement.
Dividends .—On preferred stock dividends have been paid as follower
In 1892, 5 ; in 1893, Feb., 1H p.c.; May, none.
B onds.—Of the general mortgage (trustee Union Trust Co. of N. Y.>
for $10,000,000, there are $6,000,000 reserved for prior bonds. See V.
54, p. 203. There are also $7,000 incomes, due in 1921, mortgages on
real estate for $326,500, and $20,000 Perry RR., guar., 7s due 1902.
General F inances .—The change in the ownership of this company,,
in 1890, mentioned above, greatly im proved its business, and in
May, 1892, it began dividends on the preferred stock. In July, 1892,
$100,000 general 5s were issued, in Jan., 1893, $600,000 more
for new equipment, new road from Howard Junction to Mount Jewett,
Pa., about 21 miles to replace Erie trackage, etc., and in Feb., 1893,,
$500,000 more on same account. Gold car trusts for $443,000 were
issued in 1892-3. Loans and bills payable Mar. 31, 1893, $499,933.
L atest E arnings .—From July 1,1892, to Mar. 31,1893, (9 months),
ross, $2,420,969, against $2,190,932 in 1891-92; net, $662,079, agst675,090; interest, taxes, rentals and improvements, $543,518, again6t
$544,979; balance, surplus, $118,560, against $130,109.
A nnual R eport .—Fiscal year ends June 30. The annual meeting isheld at N ew Y'ork on the third Monday in November. The report for
1891-92 in fu ll was in V. 55, p. 855, 858.
Year ending June SO—
1890.
1891.
1892.
Gross earnings..........................
$1,953,967
$2,511,484 $2,947,106
Net earnings.............................
$547,299
$628,974
$756,726
Other income............................
25,657
30,674
52,555
f
Total receipts---Interest on bonds....
Int. on floating debt.
Rentals.......................
$572,956
$468,332
700
73,019
$659,648
$498,357
15,841
72,98*
$809,281
$518,781
23,709
73,195-
$30,904
$74,465
$193,595
Balance, surplus ....................
- ( V 53, p. 224, 673, 752, 753; V, 54, p. 203, 243, 761, 887; V. 55, p*.
257, 806, 8 5 5, 894, 937 ; Y. 56, p. 207, 247, 502, 668, 752.)
B u f f a lo & S o u t liw e s t e r ii. —Owns from Buffalo to Jamestown,
N. Y., 67 miles. In July, 1880, leased to the N ew York Lake Erie <
f
e
Western for 99 years—at 35 per cent of gross earnings, but interest on
bonds guaranteed. Rental in year ending June 30, 1892, $144,516;
surplus over interest, $48,375 ; dividends, $51,902. Stock—common,.
$471,833 (of which Allegheny Valley R ailw ay owns $235,916). and
$471,833 of 7 per cent preferred; par, $100. Common stock shares
dividends after 7 on preferred. Dividends—On common, in 1889,1890
and 1891,1 per cent; in 1892, August, 2 per cent.
B u r l i n g t o n C e d a r R a p i d s & N o r t h e r n . —Operates as follows
Lines owned in fee—
Leased—A ll slock owned—
Burlington, la., to State Line,
Io w a City A Western RR.,
Minn, (including 11 miles
Io w a City to What Cheer,Ac.
leased)....................................241 Cedar Rapids, I. F. A N. W.,
State Line to A lb ert Lea, Minn.
Holland, la., to Watertown,
(leased).................................. 12
So. Dak., A c....................... 493:
Branches owned to Postville,
Ced. Rap. & Clinton RR., Ac. 111
Riverside, Holland and D av
Total operated Jan. 1,1893.1,134
enport.................................... 204
Forest City to EstherAn extension is being built from
ville, la., of which 46 miles completed in 1892
H is t o r y .—Foreclosed June 22,1876. Leases in perpetuity the Iowa
City & Western and Cedar Rapids Iow a Falls & N . W., etc.
St o c k .—Authorized. $30,000,000; outstanding, $5,500,000; par,$100The Rock Island Co. is understood to be a larg. stockholder.
Dividends —First dividend (1*2 per cent) was paid in February, 1893.
Bonds.—Ioioa GHty d Western bonds are guaranteed as to interest
and are subject to call at 105; see guaranty V. 56, p. 695. Cedar
Rapids I. F. d N. W. oonds are guaranteed, principal and interest,
and so endorsed: the 6s are subject to call at 105. Of the o
per cents $825,000 are reserved to etire the 6s and $4,188,000
are deposited as collateral under the B. C. R. & N. consol,
mort. The Central Trust Company is trustee of the Burlington
RAILROAD
Ma y , 138ft. J
STOCKS AND
BONDS.
19
TORONT
[iltOQ
Kendall
Albion
b fudge
\
us
LIN c q ,
1— T*mo
St. Catharii
Falrport
liapltw<
fokdale
ivllle
C«led<
Canfield
ivllte
fr *
0 :0 WyoralnLjy
i
2c
Rock G if 0
\
\
L /j5l t .Murria
# r s iu V e R sRfirMc
V a c h ia s
iim i/
z
if o r 6
DMeAurtia
lAjetUe’
loroclla V.
SALAM ANC,
Port Altofhesy
Sheffield Jc.
.Coat*Ho
IR m m Ui
Clarion Jc.
lOHNtONIURO
Marfoovflle,
Collin*
North Point
Xmnberry
iriW 4 y iii« ^
;
^UfOCKWAJ^VT*^
%CCCM Tl$CC JC
fmwy Shore
Karthaua J
Haven
ttA R F IE tO
tw
c u an o ^1
* d hi» n w
Pcrae
rUNX»UT*WNCYl
COAL Mint a^ A !
Mlkwburf
sBeliefcote
Boring Ma. K **.
W ALSTO N
libra i
m n iM
Oaccola /
Tyrani
fkllwood
■U?r»burg
,Rih.W«u
Arnold*
Kaluburg
ITTSBURG
Huntington
BlaJr*y|Jl^<BtAirivm#* Dr.
Honidajr»bar^h
'''Brook* Mill*
Mt.Untou
J o h m to * n
OF THE
BUFFALO ROCHESTER
ConnelUvilln
Cumberland
INVESTORS’ SUPPLEMENT.
20
[VOL. L V I ,
S u b scrib er** w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s .
Bonds— Princi
IN TE R E S T OR DIVID E ND S.
R AILR O AD S .
Miles Date Size, or
pal, When D ueAmount
of
Par
Rato per When Where Payable, and by Stocks—Last
For explanation o f column headings, Ac., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page o f tables.
Dividend.
B urlington Cedar Rapids <t North’n —(Concluded.)
73 1879 $1,000
$584,000
Iow aC itv & West., le t M.,g.,lnt.gu.,red.at 105.c*Ar
55 1880
1,000
825,000
Ced. Rap. I. P. &N. W.. IstM . ft., guar.,red. at 105
1,000
1,905,000
C. R. I.F . A N . W. do. consol. Is tM .. gold,guar..o 493 1881
A ll 1884 1,000Ac
5,841,000
B.C.R.&N. con. IstM . A col. trust,gold......... c*&r
12 3877 500 Ac.
150,000
Minneapolis & St.Louls,lst uiort.,gold (assumed)
*100 £1,140,400
Calgary < Edmonton.—1st M.,red. at 110,Julyl,96) 300 1890
b
1,000 $2,232,000
California Pacific— 1st mort., gold (ext’d in 1887).. 114 1867
1,000
1,600,000
2d M., gold,gu.p.Ai., end. by Con. Pac., ext. in ’ 91 114 1871
500
2.998,000
3d mort., g., guar.by Cent. Pac. ($1,000,000 are 3s) 114 1875
1,000
1,174,000
80 1891
Cambria < Clearfield.—1st M. ($2,000,000) gold.c“
£
50
79
1,258,150
Camden d- Atlantic—Stock ($880,250 of it prof.)....
1,000
79 1879
497,000
2d mortgage...................................................... o*
1,000
1,000,000
79 1881
Consol, uiort ($650,000 are 5s; balance 6s coupon.
12 1891
1,000
100,000
Phil. M arl.& M ed. istM .gu .rod. aft. July 1,’96.c
31 1867 500 Ac.
350,000
Camden d Burlington County—1st mortgage----c*
1,000
142 1889
3,450,000
Canada Atlantic—le t mortgage, gold..................e*
100
436
15,000,000
Canada Southern—Stock........................................
1,000 13,923,600
1st mort., interest guar, by N. Y. C. till 1898— c 404 1878
1,000Ac
5,650,000
2d mortgage....................................................c&r 404 1883
100 65,000,000
Canadian Pacific—Stock (See te x t)........................
Pref. stock for $8,000,000, non-cum. (See te x t)...
(!)
£100 Ac
1,823,333
Can. Cent .RR. 1st and 2d mort s.,1st M. s. f .,dr. at 105
’ 82-’83
7,000,000
Quebec Prov. due on Q. M. 0. A 0. and N. S. RR.
Can. Pacific, land mort. gold (redeem at 110) —
1881 500 Ac.
3,426,000
1st mortgage debenture sterling...................... 2,856 1885 £100 Ac 34,998,633
3,650,000
1st mort. on Algom a Branch, gold............. cw
«fcr 183 1888 *100 Ac
1888 £100 Ac $15,000,000
Land grant bonds, int. gu. by Can. Gov’t . . ,c**r
Consolidated perpetual debenture stock..........
1889
34,953,008
1,000 $2,544,000
Manitoba S. W. Col. R ’y $12,000 p. m., Int. guar.g 213 1884
Atlantic A Northwest—
-1st mort. gold, guar..c*<fcf 325 1887 £100 Ac £1,330,000
North Shore Railway—1st mortgage..................
£99,600
£200,000
St. Lawrence A Ottawa—1st mort., gold, see text
58 1876 £50 Ac
Cedar Rapids A Northern consolidated mortgage, under which suffi
cient bonds are reserved to retire, if deemed best, all prior and divi
sional bonds. Bonds for extensions may be issued under this consoli
dated mortgage at $15,000 per mile for single track and $7,500 pijr
mile for second track, the total authorized issued not being limited.
Minneapolis <• SI. Louis bonds due June, 1927, numbered from 1,101
£
to 1,400, for $500 each ($150,000 in all), were assumed by the Bur
lington Cedar Rapids A Northern Railroad. Due on equipment Jan
uary 1,1892, $255,057. Consols for $528,000 were issued for new
construction in December, 1892.
L atest E ar n in g s .—Jan. 1 to Mar. 31 in 1893 (3 months), gross, $972,885. against $1,032,846 in 1892; net $260,664, against $350,139.
A n n u a l R e po rt .—Fiscal year ends December 31. Annual meeting
Is held on last Tuesday in May. Report for 1892 was in Y. 56, p. 791.
Year ending Dc<
1892.
1890.
1891.
1889.
Miles operated.
1,046
1,046
1,083
1,090 Avg.
$2,9.86,543 $3,303,982 $3,886,340 $4,3^4,789
. $808,609
$816,147 $1,272,696 $1,161,648
Other receipts.
96,308
22,922
105,256
24,410
. $904,917
. 771,130
Add cash assets......
Deduct impts., A o ..
$921,403
775,479
$1,297,106
778,055
$1,184,570
788,180
$133,787
$145,924
235,990
150,314
$519,051
328,896
632,871
$396,390
332,259
811,634
$231,600
$215,076 ’ def.$82,985
Cash assets Dec. 31.
^ * There was received from sale of bonds $514,000; deducting the
$82,985 deficit, leaves $431,015.
- ( V . 52, p. 640; Y. 54, p. 641; Y. 55, p. 1036; V. 56, p. 791.)
C a lg a r y
E d m o n t o n . —Owns 300 miles o f road operated by
Canadian Pacific. See Su p p le m e n t of July, 1892,
C a li f o r n i a P a c i f i c . —Owns from Vallejo, Cal., to Sacramento, Cal.,
60 miles; branches to Calistoga, Ac., 55 miles; total, 115 miles. In
November, 1886, leased for 50 years to Southern Pacific Company.
Rental, $600,000 per annum and three-fourths o f net earnings when in
excess of that amount. Capital stock, $12,000,000; par, $100. In
1891 gross earnings, $1,528,747; net, $759,525, against $544,780 in
1890; taxes, etc., $46,455 ; rental, $600,000; surplus to lessee, $113,069. Lessor's account, rental, $600,000; paid interest, etc,, $328,820;
extending 2d mortgage bonds, $100,420; surplus to lessor, $170,759.
C a m b r ia «fc C le a r fie ld .—To run from Cresson on the Pennsyl”
vania RR. into the coal fields o f Cambria, Clearfield and Indiana coun"
ties, Pennsylvania; in operation from Cresson to Brubaker Junction,
26 miles; Brubaker Junction to La Jose, 9 miles; branches, 45 miles;
total, 80 miles. Stock—authorized, $2,150,000 (par $50); paid in
$1,175,650 all owned by the Pennsylvania RR. Co., which pays net
earnings as rental. A full abstract of the mortgage was in V. 52, i>. 976
In 1892 gross earnings were $159,146; net, $31,764.
C a m d e n & A t l a n t i c . —Owns Camden, N. J., to Atlantic City, and
branch, 62 miles; Atlantic City to Longport, 6 miles; Philadelphia Marlton A Medford Railroad—Haddonfield to Medford, 12 miles; Chelsea
Branch RR., 1 m ile ; ferries, 2 m iles; total operated, 83 miles.
8to c k , E tc .—P referred stock is entitled to 7 per cent if earned, and
to as high as paid to common if more than 7. Pennsylvania RR owns
$234,100 common and $451,950 preferred, and to it was due Jan. 1,
1892, $275,000; bonds and mortgages outstanding, $88,300.
D ivid en d s since 1880: On common, in 1882, 3 per cent, and none
since; on preferred, in 1881, 3 ^ in scrip; in 1882, 4; in 1884, 7; in 1887.
5; in 1888, 2*a; in 1889, 3; none since.
E arning s .—From Jan. 1 to Mar. 31,1893 (3 months), gross earnings
on mam line and branches wero $118,969, against $112,199 in 1892;
deficit, $25,033, against deficit $29,658; interest, rentals, etc., $25 580
against $26,843; balance, deficit, $50,613, against deficit $56,501.
On main line and branches in 1892 gross earnings were $807 9f>4IAt
SI '.V I
QO-oitict ail Fil
' 71
1 0 A1 . J
__ enn •. .-v
_
*
C a m d e n * B u r l i n g t o n C o u n t y .—Owns from Camden, N. J., to
Pemberton, V J., 23 m iles; brunch, Burlington, N. J., to Mount H olly
7 miles; total, 30 miles. Operated by the Pennsylvania Railroad;
rental, ^-1,4X5, yielding 6 ner cent on stock and bonds. Stock.
8381,925; p arf25 . Dividends in Jan. and July. In 1892 gross, $286.765; net, 8'0,939, agst. 863,787in ’ 91; proii 1 to lessee in ’91, $19,372.
,
A t l a n t i c . —Owns Ottawa, Canada, to Rouse’s Point, Vt.
142 miles, with trackage over Central Vermont to St. Albans, 24 miles
i Glen
Parry
moi? tinPiaa5oSnJ!!iajn <it’ V,lle,' ’i”v wl' ' c!135 mile8 we8t to Arnprior'was
built m 1892 and 4.0 miles additional to Eganvilie under contract
was in 1893. Trustee o f mortgage o f 1889 h ,F a im e rs ’ L ? a n &
7 g.
6 g.
5 g.
5 g.
7 g.
6 g.
4ksg.
4igg.
3 g .A 6 g .
5 g3 on pref.
6
5 A 6
5
6
5 g.
See text.
5
5
5 per an.
4 per an.
5 A 6
5
5 g.
5 g5 g.
3>ag.
4
5 g.
5 g.
5
(6) 4
M.
A.
A.
A.
J.
J.
J.
J.
J.
J.
A
A
A
A
A
A
A
A
A
A
A.
J.
J.
F.
J.
F.
j.
M.
F.
A
A
A
A
A
A
A
A
A
8. N. Y. Central Trust.
0.
do
do
o.
do
do
o.
do
do
D. N.Y. Continental Trust.
J.
London.
J. N.Y., S.Pac.Co.,23 Br’ d.
J.
do
do
J.
do
do
J. Pkila., Of., 233 8.4th 8t.
Pkila., Of., 233 S.4tkSt.
o.
do
do
J.
do
do
J.
do
do
A. Pkila., Penn. RR. Co.
J.
N ew York City.
A. N. Y „ Gr’ d Cent. Depot.
j . N. Y., Union Trust Co.
S.
do
do
A. N. Y., 59 W all St. A Lon.
Various
Montreal.
A. A o.
do
A. A O. M ontreal.N.Y.orLond’n
J. A J. London, Baring B. A Co.
J. A J.
do
do
J. A ,J
.
do
do
.J & j . London, Comp’ys office.
.
J. A J. N. Y., 59 W all A London
J. A J. London, Baring B. A Co.
A. A O.
do
do
15J.AD. Can.Pac. office,London.
Sept 1, 1909
Oct. 1, 192<kOct. 1, 1921
Apr. 1, 1934
June 1, 192T
July 1, 1910'
Jan. 1, 1912'
Jan. 1, 1911
July 1, 1905
Jan. 1, 1941
Dec. 9, 1889
Oct. 1, 1898
July 1, 1911
July 1, 1911
Feb. 1, 189T
Jan. 5, 1909Feb. 1, 1893
Jan. 1, 1908
Mch. 1, 1913
Feb. 17, 1893New.
1899 & 1910
1902 & 1904
Oct, 1, 1931
July 1, 1915
July 1, 1937
July 1, 1938
Irredeemable
June 1, 1934.
Jan. 1, 1937
Apr. 20, 1904
June 15,1910
Trust Company. The bridge across the St. Lawrence was com pleted:
Feb. 15, 1890. St o c k , $2,000,000 common and $1,000,000 preferred.
E arnings in year ending June 30,1892, were, gross, $570,697; net,
$201,420. In 1890-91 gross, $558,831. (V. 51, p. 493.)
C a n a d a S o u t h e r n .—(See Map New York Central < Hudson River
£
Railroad.) —R oad —Main line from Cantilever Bridge to Windsor, Ont.y
226m iles; branch to Courtright, Ont., etc., 210 m iles; total, 436miles,
o f which 105 miles are nominally owned by proprietary companies.
Or g a n iz a t io n , Contracts , E tc .—The Company was chartered in
Canada February 28,1868, and debt readjusted in 1878. In Nov., 1882,.
a close contract was made with the Michigan Central for 21 years
from January 1,1883, providing for the payment to Canada Southern
o f one-third the join t income over all fixed charges, but Mich. Central,,
by reduction of its interest charges, received more than two-thirds.
The contract, however, provided for a re-apportionment every five
years, and in December, 1892, it was agreed tn give the Canada South
ern 40 per cent and the Mich. Cent. 60 p ercent o f the first $1,000,000 o f net earnings, any amount over that to be divided on the basis
of one-third and two-tbirds, as before. This adds to Canada Southern’s
share just *2 p. c. per annum on its capital stock. V. 55, p. 1078.
D iv id e n d s since 1880—In 1881, 2 ^ per cent; in 1882, n il; in 1883and 1884, 2; in 1885 and 1886, n il; in 1887, 1888 and 1889, 2%; in
1890, 3 ^; in 1891,2^; in 1892, Feb., 134, of which ^ extra; in Aug., 1%;
in 1893, Feb., 1% per cent, of which *2 extra.
B onds .—I nterest on the 1st mortgage is guaranteed by the New York
Central till 1898 but the principal is not guaranteed. V. 56, p. 696.
E arning s .—F rom 1892’s earnings the suiqilus to Canada Southern
was $380,712, (against $447,000 in
1891) ; other income,.
$27,000; balance income previous years, $218,417; total, $646,417; dividends $450,000; total surplus Jan. 1, 1893, $196,417. (V.
55, p. 1077.) For latest reports of earnings see Michigan Central.—(V.
53, p. 968; V. 54, p. 9 2 3 ; V. 55, p. 21, 1077.)
C a n a d ia n P a c i f i c . —R o ad —Owns from Montreal to Vancouver on
the Pacific Coast in British Columbia, 2,905 miles. There are branchesand auxiliary lines owned of 1,186 miles, and 2,085 miles of leased
lines; 56 miles used jointly; 777 miles operated independently for ac
count o f owners, including the Calgary A Edmonton RR., making the
whole system on January 1, 1893, including the N ew Brunswick Rail
way, 7,009 miles, o f which 6,015 included in traffic returns and 217
miles under construction.
Also controls the Minneap. St. P. & Sault Ste. Marie (991 miles com
pleted and 287 under construction, which, when connecting link is
completed, w ill afford a direct route from the West to St. Paul an(L>
M inneapolis; also controls Duluth South Shore A Atlantic, 584 miles,,
and in February, 1893, acquired Duluth A Winnipeg—which see. (V.
56, p, 245.
H is t o r y , E tc .—I ncorporated Feb. 18,1881, under charter from Do
minion o f Canada, receiving $25,000,000 in cash as a subsidy, also
25,000,000 acres o f land, all to be tit for settlement. The Ontario& Quebec, Montreal to Toronto Junction, 334 miles, was leased in 1883
for 999 years, and its stock and bonds guaranteed. In July, 1890,
leased the N ew Brunswick Ry. for 990 yeai*s.—(See V. 51, p. 113.)
Sto c k .—In Nov., 1883, the Dominion Government gave a guarantee of
3 per cent dividends per annum till August, 1893. Preferred stock for
$8,000,000, to bear 4 per cent interest and be non-cumulative, was
authorized by stockholders May 10, 1893. See v. 56, p. 336, 578, 792.
P r ic e o f Sto c k —I n 1883, 4 8 ^ 6 5 ^ ; in 1884, 39@581 in 1885,35%
4;
-@63*4; in 1886, 61©73; in 1887, 49^@683s; in 1888, 5U4'S)62^4i in 1889,
47VS>75; in 1890, 67@84i4; in 1891, 72^®91i2; in 1892, 86@94V,
in 1893 to May 19, inclusive, 731
2'8>901
4.
D iv id e n d s paid—In 1883, 2*2 per cent; in 1884, 5; in 1885, 4; from
1886 to 1889 inclusive, 3 p. c. y e a rly ; in 1890, 5; in 1891, 5; in 1892,
5; in 1893, February, 2 ^ per cent.
B onds , D ere n tu r e St o c k , G u a r an t e e d B onds , E tc .--In May,
1888, the company relinquished its exclusive right to operate in Mani
toba lines to the international Boundary, receiving the Dominion Gov
ernment guarantee o f interest on $15,000,000 of land grant bonds.
These bonds are a lien on 15,444,200 acres o f land subject only to $3,426,000 land grant bonds o f 1881, which are redeemable at 110.
The first issue of consolidated debenture stock was made in October,
1889 (see Ch r o n icle , V. 49, p. 116).
In June, 1890, company agreed to guarantee the principal and inter
est of $20,000,000 4 per cents, to be issued by the Duluth South Shore
& Atlantic; also 4 per cent interest on bonds o f the Minneapolis St. Paul
A Sault Ste. Marie. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608.) Ofr
the Dul, S. S, A At. bonds it owned $9,734,000 Jan. 1, 1893.
To the A tlantic < Northwest Railroad, crossing the State of Maine,
£
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest money.
St. Lawrence d Otta wa bonds are endorsed with the Canadian Pacific s
acceptance of a 999 years’ lease at a rental sufficient to pay 4 per cent
interest on bonds, and the bondholders’ agreement to accept interest ;
at 4 per cent (instead o f 6 per cent as formerly), and to refrain from
demanding payment of principal during continuance o f lease.
The New Brunswick Railway consolidated debenture stock lias
interest guaranteed by C. P.; interest on the first mortgage boudSy
though not guaranteed, is paid out of rental under 990 year lease.
Ma y
RAILROAD
18S3.]
STOCKS A-ND BONDS,
91
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
Bonds—Princi
IN T E R E S T OR DIVIDENDS.
Miles Date Size, or
Amount
of
of
Par
Rate per When Where Payable, and by * Stocks—Last
T o r explanation o f column headings, Ac., see notes
Road. Bonds Value. Outstanding
Cent Payable
WTiom.
Dividend.
on first page o f tables.
RAILROADS.
•Cancutian Parifie—( Concluded.)—
Ontario A Quebec stock guaranteed in perpetuity
Ont. A Que. deben.. interest guar, in perpetuity.
Toronto Grey A Bruce, 1st M., gold, int. as rental.
New Brunswick Ry. 1st M.,gold.int.from rental c*
Perpetual consol, debent- stock, int. guar........
Cape Fear 4 Yadkin Valley—* I oc)l for $3,000,000
1st Mortgage series A, gold............................C a r
1st M., 8er. “ B,” gold (2d on 233 m .).............c'Ar
1st ., series C, gold (2d mort. on 225 miles.).c*AT
Consolidated mortgage $15,000 per mlle,gold.c*Ar
8. Car.Pac.(leased) IstM.Btate line to Bennettsv.
1st mortgage, gold. (WUm. to Shelby. 240 m .). .o*
Carolina Cumb. Gap 4 Chic.—1st M., gold...... c*ar
Carm/n 4 Coloratlo— 1st M. fur $3,500,0d0,g..s.f.c"£r
Carthage i Adir.— 1st M. $1,600,000 g..giLp.Ai.c*Ar
Caiatrissa—Pref. stocks, 7 per cent. guar. r. A R . ..
Mortgage bond* ......................... ..................... c
1st mort., assumed by Philadelphia A Read. . r
Cayuga 4 .•fuse.—Stock, 9 p. c. rental D. L. A W .. ..
Cedar Falls 4 Minn.—Bonds on 2d dlv. sink, fund .c*
Cent. Hr. V. P .—U t M. Atch. A I*. P. KK . gold......c
Fund Int. (mort.) bds. (coup, held in trust) guid e
Centrat \lattach usetls— 1*t m ortgage................. e*
Central .V. Y.4 Western—l * t mort. for $l,000,000.c*
Central Ohio—Stock ($411,550 o f this 1* preferred).
Con. 1st M. (for $*2,850,000) now 1st lien, gold.
1st M .ser. A to I. inch, gold (2 *luk. fd s ) not dr'n
1st M. 8. Joaquin Val. Br.,g.(s. f.) not drawn.......
334
$2,000,000
£4.007,381
£719.(.XX)
1883
iio o
1884
£100
£600,000
£759,310
$100
1,960,400
338
150 1886
1.000
1,500,000
73 1886
1,000
734,000
1,000
820,000
82 1886
329 18»9
1,868,700
1.000
10*9 1884 100 Ac.
104,600
276
1,200,000
240 1881
1,000
2.000,000
240 1881
1,000
2,700,000
1,000
25 1882
375.000
300 1892
2.000,000
1,000
43 1892
1,000
1,100,000
50
98
3,200.000
93 1870 500 Ac.
1,300,000
500
1882
230,500
30
34
589,110
61 1866 500 Ac.
1,377,000
1,000
100 1865
1:600.000
100 1879
1,000
630,000
1(N) •66-7-8 1,000
1,600,000
1,000
99 1886
2.000,000
1,000
1892
<
*>
50
2,800.048
2,500,C N
N)
1.000
137 1886
to o 07.275.500
737 1865-8 1,000 25,883.000
1.000
146 1870
6.0*0.000
.
190
174
....
....
8100
6 per an. J. A D. Montreal and London.
J. A D. London, Morton, Rose.
5
4 g. J. A J. Toronto and London.
London.
5 8- F. A A.
4
do
do
J. A J.
J.'
J.
J.
A.
A.
A
A
&
A
A
D. N.Y., Farm. L. & Tr. Co.
D.
do
do
D.
do
do
O.
O. N. Y., 4th N. Bank, Ac.
J.
J.
M.
J.
J.
M.
F.
F.
J.
J.
M.
M.
A
A
A
A
A
A
A
A
A
A
A
A
J.
J.
S.
J.
D.
N.
A.
A.
J.
J.
S.
N.
5
A.
5 g. J.
6 per an. J.
4*, K M.
2 per an. F.
6 g. J.
6 g- A.
A
A
A
A
A
A
A
O.
J.
J.
8.
A
J.
O.
6 g.
6 g.
6 g.
6 g.
6
g‘
6 S6 g.
4 g.
4 g.
7 per an.
7
6
9 per an.
7
0 g.
1 *■
June, 1893
Irredeemable.
July 26. 2892
Aug. 1. 1934
Irredeemable.
June
June
June
Oct.
Oct.
1,
1,
1,
1.
1,
1918
1918
1916
1919
1914
Balt-.F’ mers’APlant.Bk July 1, 1920
1910 A 1915
N o t . 1, 1912
New York City.
1941
N ew York City.
Dec. 1, 1981
Philadelphia Co.’s office May 19. 1893
Phila.. Phila.A Read.Co. Aug. 1, 1900
Aug. 1. 1902
do
do
New York, 52 Wall St. Jam 2, 1893
Last paid July, 1887. Jan. 2, 1907
N.Y.,1 n. Tr. Co. A Boat May 1, 1895
do
do
May 1, 1895
U.8. Trea#., at maturity. 1896, ’97, ’98
Boston Office A Int. Tr. Oct. 1, 1906
N. Y , Central Tr. Co. Jan. 1, 1943
Balt., at B. A O. office. Jan. 30. 1893
N. Y „ Union Trust Co. Sept. 1, 1930
N Y ., 8.Pac.Co.. 23 Br*d. Feb. 1, 1893
do
do
lg g s . ^ e . ^ A ’a
do
do
Oct. 1. 1900
C e d a r F a lls A T IIt iiir s o t a . —Owns from Junction near Cedar
Falls, Iowa. to Minnesota State Lin**, 70 miles. Leased to Dubuque A
81oux City for 40 jear**fr'*m January l, 1867, at minimum rental of
f l 13.370
nnum. Fn H *7 a suit was brought to auuul the lease o f
this road, but In October, 1890, the United Htata* Circuit Court decided
lease wo* valid. See V. 51, p. 493. Case has been appealed to the
United Htate* .8unreiiie Court. Interest wivs defaulted January, 1888,
an i rental is paid into court pouding litigation. The Dubuque A Biour
City Is controlled by the Illinois OmtraL Stock, $1,586,500. p »r rlo u .
E arnings .—In year ending June 30. 1892, gross earnings were
$117,311; deficit, after payment o f taxes, f 16.991; rental, $113,370 ;
loss to lessee. 8130.362. J. Kennody Tod. President.
C e n tr a l B r a n c h d o to n F a c lllc . —Owns rrom Atcntson. Kan., to
Watervllle, Kan.. 100 m iles; leases Atchison Colorado A Pacific, 254
miles; Atchison Jewell County A Western, 34 miles; total operated,
388 miles. United States subsidy was $1,600,000. Controlled by Union
Pari fie. but leased to Missouri Pacific for 25 years from 8ept., 1885 ;
rental, net earning* Btock is $1,000,000 (par, $100), of which the
Union Pacific owns $874,200. Accounts payable. $1,125,132 ; interest
on Government loan accrued and unpaid Jan. 1. 1893, $1,904,307.
D iv id e n d *.— In 1885,5 percent; In 1886, 10; In 1887. 10.
Total earnings.................. $16,552,529 $20,241,096 $21,109^52
E arn in g *.—J an. 1 to March 31. 1893 (3 months), gross earning#
Operating expense*................ 10,252,828
12.231,436
12,989.004 $304,808. against $317,873 In 1892; net. $124,243, against $142,289.
In year 1892 gross. $1,319,890. against $89 4,169 in 1891; net. $19 4,080,
Net earning* .......................... $6,299,700
$8,009,660
$8,420,348 agst. $216,073; deficit under charges $16,66 4, agsL $243,189 lb 1891.
Per et. o f oper. exp. toearn’ gs.
60* 43
61*94
60*67
Fixed charge*........................ $1,246,617
C e n tr a l fla s a a r h u a e tt a .—Owns North Cambridge to Northamp
$4,661,493
$5,102,018
Supplementary dividend*......
1,300,000
1,300,000
1.300,000 ton. Mass., 99 miles. The stock is $7,419,202 (par $100). o f which
$3,949,102 Is preferred and controls the company until 8 per
Balance, surplus...............
$2,045,106
$753,083
$2,018,330 cent dividends shall have been earned thereon in any one year. Leased
T o surplus for 1892 as aimve add interest on loans and deposit* to Boston A Low clifor 99 years from October 1,1886, at a rental of 20
<$203,603) and surplus o f previous years ($4,701,599), making total per cent o f gross earnings up to $ 1 ,000,000, but with a guarantee of
•orpins December 31, 1892. $6,923,532.
sufficient rental to pay interest. New issue of bonds proposed.
—<V. 54. p. 202, 587. 799. 823, 8 43. 8 47. 887; V. 55. p. 100, 297; V
C e n tr a l O h io . —Owns from Bellalre. Ohio, to Columbus, Ohio, 137
66. p 20o, 245, 331, 414; V. 56. p. 578.621.710, 792. 810, 8 3 3 ,8 3 7 .j
miles, .»f which Newark to Oohmibtte <88 miles) is owned iolntly with
C a p e F e a r A Y a d k i n V a lle y . —In operation from Wllmlng Httsburg (Tn. Chicago A 8L Louis: operates branch, 7 miles. L kambd
ton. N. C., to Mount Airy, 248 miles; Fayetteville. N. C , to Heu- to Baltimore A Ohio till 1926, with option o f renewal; rental, 35 per
'aettsvllle. 8. C., 57 miles; Factory branch. 19 m ile*; Madison and cent o f grt»ss earning*, with mini id mil guaranteed of $166,000; rental
Granite branches. 14 miles ; total. .*438 miles, o f which 10 miles leased. in 1892 being $474,092. against $475,042 in 1891.
STOCK authorized. $3,000,000; outstanding, as in table above, of which
D iv id e n d # on common stock since 1880 have boon: In 1881, 6 4 ;
July l , 1892, North Star Improvement Co. held $1,608,000.
B o s!>*.—First mortgage (trustee Farmers* Loan A Trust f*i.) Is In from 1882 to January* 30,1893, both inclusive, 6 per cent yearly.
three series, each a Bint lien on oue division o f the road and a second
E a r n in g #.—In 1891-92 gross, $1,419,931; not, $285,999. against
lien on the otner divisions. North state Improvement Co., virtually the $187,542 In 1890-91; all charge* in 1890-91, $509,072; loss. $321,530.
owners o f the road, bold the $1,969,000 consols outstanding, and have
C e n tr a l P a c if ic . —(See Map o f Southern Pneille.l—L in k of R oad .—
agreed not to draw Interest upon them unless fully earned. In March.
Ban Francisco. Caf.. to Ogden. Utah (Including 11 miles
1893, stockholder* authorized the directors at their discretion to build —Main Line—
extensions, to consolidate with any other road, and. If deemed advisa leased). 883 miles; Lathrop to Goshen, 140 miles; Roseville Junction to
Oregon State Line, 296 miles; other lines, 35 miles; total, 1.360 miles.
ble, to execute a new 5 per cent consolidated mortgage to pay for new
construction and prior bonds at maturity.
O r g a n iz a t io n .— A consolidation (August 22, 1870) o f the Central
L atest E a r n in g *.—From Jan. 1 to March 31, 1893 (3 months), gross Pacific (organized October 8. 1864), etc.
$149,062, against $133,469 In 1892 ; net *59.132. ag»t. $50,414 In 1892.
L ease . — In March. 1885, the lines were leased to the Southern
A n n u a l R epo rt .—Fiscal fea r ends June 30. Report for 1891-92 in Pacific Company. The Central Pacific receives all Its net surplus
v. 53. p. 1034. showing gross earnings $550,552; net, $196,591; obil- Income above Annual charge* of every sort and betterments, and this
gatory interest charge. $183,240. In 1890 91, gross. *599,829; not, net surplus Income Is guaranteed to be not loss than $1,360,000 yearly,
$239,156. (V. 53. p. 7 52; V. 55, p. I <»S4.
this sum being applicable to the payment o f dividends.
C a r o lin a C e n t r a l.—Own* from Wilmington, N. O., to Ruther*
SrasiDT.—Interest Is not payable on subsidy lo in till the bonds
fordcon, N. C., 267 miles, except 3 miles leased; branch. 9 miles- mature, but the “ Thurman” act provides for payments yearly' to the
Bold In foreclosure May 31, 1880. Controlled by Seaboard A Roanoke «tnktng fund. Bee V. 5o, p. 276. January 1,1893, principal due Govern
and Rabigh A Gaston. In year ending June 30, 1892. gross earning* ment onC. P.loan w as$25,885,120; Interest,$30,089,320; on Western
were $505,634; net. $115,206; interest, rentals. Ac., $163,218; bal- Pacific loan, principal. $1,970,560; Interest, $2,722,984. Par value o f
•nce^, deficit. $48,012. against surplus in 1890-91 of $45,429. There are securities In U. 8. sinking fund Jan. 1.1892, was $4,047,500.
also $204,000 Wilmington Railway Bridge bonds, guaranteed by Car
D iv id e n d s —In 1877,8 per cent; 1880. 6; 1881, 6; 1882, 6; 1883,
OUMCnktraL Wll. Col. A Aug. and WU. A Weldou roads. Net current 6; 1884, 3 ; from Feb., 1888, to Feb., 1893, inclusive, 2 p. ct. yearly.
liabilities July 1, 1892. $219,718.
Ho n d a —T he sinking funds are Invested mainly in bonds o f tribu
C a rs o n A C o lo r a d o . —(3-foot guage.)—From Mound House, Nev., tary lines aud accumulate; the bonds are not called in. The sinking
to Candelaria, Nev., 158 miles; Junction, Xev., to Keeler, Cal . 142 funds amounted January 1, 1892. to $8,979,391. The 5 per cent mort
rnilss; total. 300 miles. Btock. $6,300,000 authorized; $4,380,000 gage bonds o f 1889 are guaranteed principal and Interest by the South
Issued. Reorganized in 1892,
ern Pacific Company; the mortgage Is for $ 16,000,000, the Metropoli
C a r th a g e A A d i r o n d a e k . - d v n * from Carthage to Benson tan Trust Co. of New York being trustee. (V. 49, p. 340): of th amount
“ "5 *
York, 4:1 miles. Block. $500,000; par. $100 In April, authorized $2,250,000 ar * reserved to retlr at maturity any land
‘” ®ir York Central stockholders voted to lease the road, grant bond* not m i s filed from land sab s, and $2,750,000 can be ap
practically In perpetuity, and to guarantee Its $1,600,000 o f new plied only to the improvement or purchase of prop rty on which the
4 per cent*, o f which $500,000 will be reserved for Improvements mortgage shall have a first lien. The land grant 5s of 1900 are stamped
or extensions if desirable, fn year ending June 30, 1892, gross earn- i with the Southern Pacific guaranty o f principal and interest.
logs were $122.22-4; net, $42,578. (V. 55, p. 502; V. 56, p. 502.)
L and G rant .—T he total land granted the Central Pacific and tbo
C u ta w ta M «—Owns from Tam anend. Pa., to Williamsport, Pa., 93 California A Oregon companie* was alxjut 12.000,000 acres, of which
miles; branch, Summit 8tat ion to Silver * rook. 1 miles; total operated, 1slHMit 2,812,000 acres had been sold to December 31, 1891. flalos lx
98 miles. Leased from Novem »*r 1.1872, for 999 years to Philadelphia
71,313 acre* for$29o,103. Land <
t-. on band January 1,
A Reading Rental, 30 per cent of gross earning* and $8,000 a year for 1892. $1,187,802; cash. $366,502; notes o f Cent. Pac. RR., $2,000,000,
company expenses. Funded debt wavs assumed by lessee*. There are
E arnings .—Jan. 1 to March 31, 1893 (3 months), gross $2,958,933,
abrj chattel(mortgage 5s due 1900 $24,500; 7 per cent construction against $3,061,793 in 1892; uet, $947,036. against $1,079,436.
bonis due lime 1,1917.$62,000, and other bonds, $185,000. Heven per
In 1892 gross $14,612,990; net. $5,707,579: net profit under the
cent is guaranteed on preferred stocks, of which $2 ,200,000 t.« tir^t prof. lease, $1,360,000; other Income, $22,0-47; dividends paid <2 percent).
Common stock, $1,159,500, oar $50. In 1891-92 rental $338,830.
$1,345,510; surplus, $36,537. lan d sales nsed for redemption o f land
r+f
,.dc H o a q iie h a n u a .—Own* from Susquehanna River to bond*,$121,148. Total surplus income to January l. 1893 $3,444,tujaea, A. Y.. 34 miles, (b a rter expires In 1899. Leased till then to 396. In 1891 gross. $10,629,404; net, $7,417,354. (V. 53, p. 604,
la ware Lackawanna A Western at a rental o f $34,600 a year.
039; V. 54, p. 88 1,964.)
L ands.—Land* unsold Dec.31, 1892, were 15,964,231 acres of Can
adian Pacific grant and 1,108.063 acres o f Manitoba Southwestern grant.
Total sales In 1892, from both grants, were 392.167 acres for $1,355,618;
net from town sites, $344,552. See V. 56, p. 838.
O r h k r il F i n \xces.—In addition to 3 percent dividend guaranteed
by Government till August, 1893, 2 p. ct./early ha* l»eca paid out o f
earnings. In 1893 It was decided to place # 1,000.000 on special deposit
with the company's bankers to meet any po**lble deficiency at any time
in maintaining dividends at 5 per cent on the ordinary atoek. Bee V.
56, p. 810. In 1892 burned $15,182,516 consol, debenture stock.
Latest Ha r m nos. —J anuary 1 to March 31 In 1893(3 months), gross
$4364.:i'i8, agst. $4,653,270 in 189*2; net. $1,262,141. ag*t. $1,437,717.
A n . a l R rihirt .—Fiscal year ends Dec. 3 L Annual meeting is held
m
at Montreal on the second Wcdn -sday in Mar. The report for 1892 in
ta ll in the C B S o v icU , V. 56, p. 810, 833, 837.
Year ending Dee. 31.
1890.
1891.
1892.
Mllrx* operated December 31..
5.95*
5.568
5,678
Paawmger earning................. $1,774,714
$5,550,31*
$5,459,789
Freight ......
............... 10,106,644
12.665,540
13,330.540
MaU,expr'**and miscellaneous 1.671,171
2,115,767
2,522.496
i? # "J? i £
B
£ a e ’ 'Z r z f S 'S . 'W m &
M
J
J
Ma y , # 8
RAILROAD STOCKS AND
BONDS.
SS
S u b s c rib e rs w i l l c o n fe r a g re a t fa v o r by g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e re d iu these T a b le s .
________________ R A IL R O A D S.------------------------
ju ie g ! Date
For explanation of column headings, Ac., see notes of
on Unit page o f tables.
Rea
of
Bonds
Bond#—P rin ci
INTE RE ST OR DIVIDENDS.
Size, or
pal,^When Due
Amount
Par
When
Outstanding tRate perl Payable Where Payably, and by Stocks—Last
Value.
Whom.
Cent.
Dividend.
Central Paei/le—/Concluded).—
$25,883,000
6 g. |J. A J. United States Treasury.
737
C. 8. Loan (2d lien on certain terms) gold..........
111,000
117 1865 $1,000
Western Pucilic, old Issue, gold............................
6 g- J. A D. N. Y ., S. Pae.Co.. 23 B r ^
1.OOO
2,6*24,000
6
J. A J.
do
do
Western Faeifle 1st mortgage, series A A B., gold. 147 1869
1,970,000
6 g. Various United Btates Treasury.
123 ! 1869
Western Pacific, Government lien, gold...... ........
1.000
5.982,000
C a L A O . 1st M., ser. A . g. (exte'd) i s. f. yearly, 296 1868
5 g- J. A J. N.Y., 8. Pae.Co.,‘23 Br’d.
1,000
4,358,000
5 g. J. A J. X. Y.,8. Pac.l’o. A London
Do
do ser. B. g. (exte’d) 5 not draw n.. 296 1 1872
1.000
1870
3,550,000
do
do
5 g. A. A O.
Land grant let M., gold, guar., extended In 1SU0.
1,000
•56,000
ilo
do
6 g. A. A 0.
KB- land grant bonds, gold..................................
1,000
11,000,000
Mort. gold. 5a. 1939, Id. gr.,gu»r.. s. f.. not tlffn c 1 261 1849
^ g- A. A O. N. Y. A San Francisco.
New York.
1,500,000
4
Note* doe land grant fund ($500,000 due yearly.)
io o
7,500,000 Sec text.
Jan., '92, div. last paid.
Central It B. d Banking Co. o f Georgia—Stock.......
1 ,ooo
4,999.000
620 1872
7
J. A J. Jan.,’92,coup, last paid.
General mortgage "tripartite" bonds....... ........ c
1.000 As collateral
Consol, mort. for $13,000,000, gold. red. at 110.c
311 1890
5 g. lA. A O.
1.OX)
1887
4,880,000
5 g. M. A N. N\ Y.. Secmritv *t: Tr. Co.
Collateral trust bonds, gold, redeemable at 110.e*
100
I 1881
4,600,000
G
J. A J. Jan..’92.coi*i», last paid.
Certs, o f debt, payable at option...........................
972,439
Eqnlp. notes on O c t.1 ,1892, tncLlnt. to maturity
j 1890 1,000
1,000,000
Ocean 68. Co. 1st mortgage, gold, guaranteed, e
5 g- J. A J. N. Y., Security A Tr. Co.
287,935
Hoboken Wharf notes, including int. to maturity
250,000
5
M. A S. Mar.,*92,coup, last paid.
Savannah A Atlantic 1st mortgage, assumed, .o’
18 1890 500 Ac.
100 22,488,000 7 per an. Q .-F . 1 N. Y.. OtHce, corner /
Cent. BE. o f S. Jersey—Stock ($30,000,000 author.)
1,000
1.167,000
1872
M. A N. ) West A Liberty Sts. {
Bonds, secured by consolidated mortgage o f 187*
7
1,000
3,836,000
1874
do
do
Consolidated mortgage (now tlrat m ortgage)...«•
7
v - j.
1,000
474.900
6
M. A N.
do
do
1883
Convert, debentures, convert, into stock d ll 1907
1,000
197,000
J. A I).
do
do
7
Lang Branch A Sea Shore, 1st mortgage.......... o '
a 1 1869
600
411,000
6
do
do
J. A J.
S. J. Southern 1st M. (assumed bv Cent. N. J.) e*
78 1879
1887 500 Ac. 37.*60.0tX)
do
do
Cent.RR.of N J., Gcu.mort.for $50.000,000,g..ear All.
ft g- flee text.
218,522
5
J. A I).
do
do
Beal estate bond and m ortgages......................
2.310,000
1807 500 Ac.
Lehigh Coal A Nav., mortgage, gold, assumed...
e g . Various Pklla.,Leb.C.A Nav. Co.
fletiMsasi t m
l
l.f ir u i* —
AsxDexkA Itup.Co.lst M , gj( . redeem, at 110.. v
N. Y . * L ’ gB r’ h lstM .,red .fn lfl9 9 a t llO.goh! c ’
General mortgage, for $2,500,000, gold.........c‘
38
| 1881
1882
1891
1,000
1,000
1,000
4.987.000
1.500.000
142,000
1895 to 1898
Dec. 1, 1895
July 1, 1899
1895 A 1899
Jan. 1. 1918
Jon. 1, 1918
Oct. 1, 1900
O c t 1, 1936
Apr. 1, 1939
Ooi.l,*93to’95
Jan.. 1892
Jan. 1, 1893
A nr. 1, 1937
May 1, 1937
A fter July. ’91
1893 to 1897
July 1, 1920
1893 to 1898*
Mch. 1. 192C*
May 1, 1993
Nov. 1, 1905;
July 1, 1999
May 1. 1900
Dee. 1. 1999
July 15, 1999
Jnly 1. 1987
Various dates
Dec. 15. 189T
J. A J. N. Y .Ceut. R R .o f N J. July 1, 1921
.6
5 g. J. A 1).
do
do
Dee. 1, 193S
M. A 8.
do
do
Sept. 1, 1941
5
A fte r passing Into the Richmond Terminal ay-tom
Ur
C e n tr a l R a i l r o a d A R a n k i n g C o m p a n y o f G e o r g ia . — In the South.
(See i f ops—Owns from Savannah, Ga., to Atlanta. O x , 29* miles; It ran op a considerable floating debt for new construction on the
\
:h.
branch. Gordon to MllledgevlUe, 17 miles; Savannah A Atlantic RR-. 18 Savannah A Western, Ac., and in 1892 receivers Were appointed.
miles; leases in perpetuity—Augusta A Savannah Railroad, 53 miles;
A x x c a i . R epo ut .—Fiscal year ends June 30. Report for 1891-92 In
Baton ton Branch Railroad, 22 miles; Southwestern Railroad and V. 65. n. 805, gave operations of the property under the receivership
branches, 833 m iles; leases till 1985 Mobile A Girard Railroad and ex from March *T o September 30,1802, as follows.
tension, 122 miles; controls by ownership of slock- Savannah A West.
Ifarrh * to Seat. 30, 1892.
Earning«
Bxpenoto.
R R .,622 miles; operates Montgomery A Kufaula. 80 miles; Macon A
$830,785
Northern. ltd. miles; total operated directly Juae 30. '92. 1,666 j Central Railroad.......................................... $1.260.TO6
120,0*0
81.306
miles. Auxiliary system (the earnings o f which are reported separ ' Augusta A Savannah.................................
470.533
*64.928
ately! includes. Western Railroad o f Alabama, 138 miles; Georgia . Southwestern. Georgia ..............................
138,966
137.578
Railroad. 31* miles; Port Royal A Augusta, 112 m iles; Atlanta A West Montgomery A Kufaula...............................
97,521
100,806
Point. 87 m iles; Port Royal A W estern Carolina, 227 miles: Wrights i Mobile A G ira rd ................
651,45*
680,366
Tills A Tennllle RK., 35 miles ; Upson Co. RR., 16 miles; GaInrsvIUe I Savannah A Western..................................
i Savannah A Atlan tic.................................
22,415
24.387
Jeff. A So. RR 65 miles : embracing In all 99* miles. Grand total
7.641
7,525
in 1892. 2.660 miles. Also Ocean SS. Co,, estimated as equivalent to Macon A Northern.....................................
• Steamship*......................................
1,190,285
ld»39.m )l
300 miles o f railroad, flee separate statements for each.
| Rank.......................................................
8,979
8,25*
HW Togr, RkCktv k k s iii r. Ac.—This road was was opened In 18*3
* 6. In 1896 the Richmond A West Point Terminal Company became
T o ta l.......... .......................................... $3,968,57*)
$3.39'.937
the bolder of a majority of the stock and thereby exeretsed control
»72.638
until April, 1892, when the U. S. circuit Court at Macon decided ; Net earnings. Central system ......................................
l id . 065
that the Terminal Company aa a competing Interest had no right to Loss* on throe auxiliary roads (355 m iles)................ “ M
vote the stock which It holds, and appointed receivers. The per
The following shows ■aratnga to r a series o f yea rs;
manent receiver Is H. M. Comer
Tear ending June 30.
1887-88.
1888-89.
1889 90. £ 1*491.
C o r to s s nr D e f a u l t . - D efault was made on Central o f Georgia Mileage...............................
1.177
1,667
1,7*1
1,898
coupons due July 1, 1892. and on September 1 Savannah A Western, Gross earnings ..............$5,606,825 $5,844,465 $6,3*7,997 *7.065.83*
Chattanooga Rome A Columbus and Savannah A Atlantic coupons Net.lncl. In vest. A88.earn. 2,809.417 2,553,688 2,400,536 2.263,687
w ent unpaid. The coupons on the Central or Georgia collateral trust Fixed charge#................... 1,601,13* 1,663,729 1,890.193 2,084.471
bonds, however, due M ay 1, 1893, were paid. On January 1, 1898,
Kstlmaled tlxed charges for year 1892-93, $2,721,097.
Port Royal A Augusta coupons were paid but Augusta A Knox
rtllc, Columbus A Rome, Columbus A Western, Rome A Carrollton - t Y . 54. p. 32. 33. 78, 4*3. *85. 525, 560, 8*4, 965 : V. 55. p. 21. J2,
coupons went to default. Montgomery A Kufaula coupons due Jan. 1 53,1*5. 503, 5*3, SOS, 937, 977. 1110: V. 56, p. *2. 82, 126, 206. 207,
were paid Peb. 25,1.893. OceanSS. coupons due Jau. 1. 1893, were paid 537. 578.)
Jan. .0. (V. 56, p. *2.) The December, 1892, dividend on Southwest
C e n tr a l it it . o f N e w J e r s e y .—(Nrc B api Operates 66* mile* o f
ern o f Georgia stock went to default.
railroad, o f which 182 tulle* nro owned, the remainder being mostlv pro
prietary lines or operated under 999-year lease*. There ure 3*9 tulle*
R e o k o a k i /:t n o » P u ts.—Plan *>f Jan. 10, 1*93. provides for a new eonsolldaled company which shall issue ( l i $40,000,000o f * p. c 100-year of second and 29 miles o f four track*.
mortgage gold bonds; (2i $25,000,000 preferred stock, and (3|
OanaxtiATioji, E tc .—Cltart4)nul In 18*9. From May, 1883. U Jan.
000,000 common stock. O f these amounts $3,7*1300 bonds, $t,53o.
1,1887, leased to Philadelphia A Reading. Receivers were In pof ses
560 preferred and $112,130 common will be reserved fur 11-,'rguniz.v sion from January I, 1887, till January, 1.838, when thc rued went I aok
Won expenses and betterments. The balance will lie used In retiring to It* owner*. The terms o f reorganisation, etc., wore given la th *
old securities, each Issue to receive the iierrentage o f its face value lu CtlBojrtcLE V. *4, p. 714. 716, Dividends were resumed August, 1889,
Stock and bomb that la shown in the table below;
and Increased to 1 \ quarterly In August. 1891. Concerning the com
Present
’# » 4*. t Y t f . Com. pany's coal properties see Lehigh A wOTrrobarrc In “ Mlatiellaneous."
te e n r U ie e to he r e t ir e d
.1 mown/.
P. et. P. n . r . el.
In February, 1392, Ibe Philadelphia A Reading l-cgan operatii)2 th*
Secured Moating debt and eqnlp. notes $7,500,000
no
40
Central o f New Jersey, under n 999 years lease, but In August, 1992,
General tripartite mortgage hotels ___ 4,999.000
120
iO
the Central was ordered by the court to resume possession o f Its prop
Collateral trust 5 per cent bonds .........*,880,000
100
•25
30 erty, ami In Feb., 1893, thc lease was abrogated. See reference* below.
Eateuton Branch sto ck .......
1 trr.fxxi
100
50
90
D tvit.rvtie.—In 1883. 1% per ren t; In 188*. * V in 1889, 3; in
Ocean Steamship Co. 5 per cent bonds 1, 000.000
100
30
30 1890, 6; In 1891. G V In 1892. 7: In 1893, February, 1 * ; May. 1», per
Columbus A Western 1st 6 percent ..
100
40
800,000
30 cent (quarterly)
Montgomery A Kufaula 1st'6 per cent 1.500.000
100
40
30
P hice o r Stock — Iu 1883, 68>4 a 90; in 1884.37V<*90: In 1 8 8 5 .3 1 *
Augusta A Knoxville 1st 7 per cent H
630,000
100
50
4
Augusta A Savannah 7 per cent stuck
7o
100
1,022,900
40 52: In 1886, 42'4 a l l * ; In 1887, 5 5 >e*86> ; In 1888, 78>*»961ai In
1889, 9 2 *»*1 3 1 . In 1990. 9 0s 1 28V in 1891, 10.6>* a 12 2 %; In 1892,
_
I Q jA M a a te s o f In d e b te d n e s s ......................... - , W — _
1.600.000
50
70
40
Cohim bus A Rome 1st 6 per rent
20O,«ts)
HO
50
40 1 1 1 4 *1 *5 ; In 1893. to May 19, Inclusive, 10*43132% .
Savannah A West’ n 1st cons. 5 per cent, O.i 27,o<X>
50
80
50
Bonus .—'Of the general mort. o f 1887 (see abstract o f mort. V. *5, p.
Mobile A Girard 1st 6 per c e n t.........
200,ooo
60
50 *02) $3,428,100 on Jan. 1, 1993. were reserved for other (same, and
70
Do 4 per c e n t ................................
8OO.0OO
00
.50
54* $5,111,900 were available for other puri’ose*. Interest ou the general
Southwestern RR. 7 per cent stock.........5,0*7.100
lo o
60
40 mortgage coupon bond* l* payable J. A J.. on the registered bond*
Savannah A Atlantic 1st 5 per rent ..
250,000
50
50
#
• a. Q.—J.: trustee o f 1 the Central Trust Co. Of the N. Y A Long B ran di
Georgia Central stock..............................7,480.000
200 general 5s $1,500,000 a.e reserved to retire the 6s of 1882.
—
The new preferred stack will 1 » entitled to receive, if earned, 3 per
G e k k b a l PtNANCE*. A c.—The raining capacity of this com pen ha*
cent per annum, then common to 3 per cent, then loth will share pro Increased largely since the rroroaiu/atton in 1888. In June ’ 3922
rata. It Is proposed that Ihe mortgage shall give the right to ervate $1,500,000 additional general mortgage 5 per cent bonds were . - nom
* " " * "erte* with a like lien, to the additional amount of to construct and equip the NaTeslnk Railroad, making the totalAUjounfl
! K ’SSx’22? ’ *° h*- •*n,« d from time to time in amounts not to exceed listed $36,160,000. and In January, 1893. $1,000,000 more were sold
$1,000,000 in any year, for further additions, betterments and Im for purchase o f Tom's R iver A warotown RR. for betterment,, etc.
provements so that the net earning- o f the new company may be de loans and bill* payable were $550,000 In March. 1893.
vn ted lm rW la U l j to tile payment o f interest upon the funded debt
L atest
Mar. 31,1893 (3 months), groee.K,
and o f dividends upon the capital stock of the company. It la the ob 127. ag«t. E aknixo s .—Jan. 1 to net, $1,216,005. agst. $1.362,49<T 488.$3,288,468 In 1992;
ject of this plan that the system shall tie preserved tn it* Integrity.
AFNrAT. REroirT— Fiscal year ends Dec. 31. Annual meeting Is held
Old aeenrtUes mwentlng to plan are beta* deposited with the Mercantile
Trust, N Y. flee plan In rail In OflUOWK I.E of Jan. 21. I893,p. v l.o fa d v on Friday next preceding second Monday In May. The report tor 1892
~
sSSsiSil ’ " V. ~~
313.)
No satisfactory terms could be offered to Chattanooga Rome A Coimu In full, was In V. 56, p. .130, 333. (flee also editorial, " 56, p. g f "
DusandMaes.IT A Northern bonds. A large amount of securities has
Tear ending Dee. 31.
1890.
1891.
1892.
M*+iift*ri to plan.
Passenger and freight........... 66.091,568
86.906,211
$7,310,422
Anthracite coal......................
7,004,145
6,703.813
6,556.<»93
'* h''ld bI thc Richmond A West
268.344
291,411
351,133
. I?* Terminal $220,000 in It* own name and #t,0oo,nn© in the name Mall, express, cto...................
4G2.H3W
451,920
497,680
-L i. u..,:.< a ,n m P" " »• the entire capital stock o f tlie latter being N. Y. A L. B. Division........
’r£
' A ” ‘.U *« cancel the agr.-ement by which Ihe
Total grossearnlngs......... $14,126,563 $14,653,087 $14,716,23T
Terminal same tatn possession of this $4,000,000 -took at a price, it t.
8.161.270
8,526,168
8,821,009
T ? * 2 £ ’ i,?r
* » * brought by the Receiver of the Operating expenses and taxes
T-nntnal )a November. 189-2. dee V. 55. p. *22. 038.
85.905,287
86,127,519
$5,895,229
. ^ "'O N W w .-In 1882, 8 percent; Inl883,7>s: tn 1881. 5 V in 1885 Income from Investments......
8837,293
$8*1,628
$856,774.
innnm ^ln’
1
1 ™tr n’ 8 per e. id per’ Premium account...;...............
,1
322,753
52,648
127,755%nnum , In June, 1 3 9 1 . ; Is 1992, January, 3*9; none nine*.
f
G sssasi F r v x a c M T h is road was long one o f the most prosperous
87,125,334
87.024,795
$6^79,756
INVESTORS’
SUPPLEMENT.
EAILKOAD
M a t , 1893.]
STOCKS AND
BONDS.
2S
H c n e rti
Padua
iWellinj
Av/ Cissna*
/ Park
Colfax
Canton
Hoopeston]
Gibson
Taxton
[oward
Le Roy'
C N AL
E TR
<Hey worth
Alvinl
Wesj/
Lebanon
.tlanta
linton
* f
Charopaigfb
/
r P\V h iu* Heat]
Monticello
/
Tolono
irginia
Westville^
Sidney
Hume/^v
Brocton
neater
Berlin
TINftt
[treckenridge.
facon v
Lovingtod
H
*VTe"
r
Areola
'Burton
Stonlngti
Auburn
W a v e rlj
Sullivan
Taylor V
Kansas
Assumption
M
attoon*
Girard,
Charleston
Marshall
Hanrcl
Toledo'
Xokomia,
'C a rlin V
Litchfield'
Sullivj
^ffingham
Staunti
A Bright*
N
’ewtoni
'G *dfrey j
St Jam
e
Lcogoote
Greenville.
Wcot Libert;
Oondaa
Edwardsville
Oakdale
Louisville
VI n V
Lawrcnccville]
Flora
Carlyle!____
St Franc ie V.
R inard
O H l O f V ''
CENTRALlA
!Il£h4*rairte
^ J r O ilb ifi
C^OaWdaU
F^uddy Creek
OULTERS V.
A ehley
:v a n «|4
Carmj
Benton
Ikville,
,4 V
AV
/
<V
6 V
*
V,
XV
V
C
Omaha
J1-J* ■! - H
• ’1
G a lla tia ^ -
vV
a
Vp
.Xorrie
“tt Pantsh
o
-/* 1
M orphy » b o ro \
*• Ja
!Iarri«burg
^Biil^Alarion
v.
Mskanda
' v
l
*
Dc Koven
/ B a ru M t
.Tunnel Hill
Cobdeti
El Lutbeih
pesboro
Vienna
Daafola
Be Iknap
MAP OF THE
/*
CENTRALIA & CHESTER
RAILROAD COMPANY
l 7
j 0 GncuiiBe
\
/
cit,
Eaat
- S tr
3
P a d u c a h /* * - ^
7
—
—
*2 6
INVESTORS* SUPPLEMENT.
[V o l . L
Vi.
S n b » c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
RAILROADS.
of
P er explanation o f column headings, Ac., sec notes of
Road. Bonds
on first page o f tables.
Central o f South Carolina—1st mortgage, gold— e
Central Vermont—Consolidated RR. o f Vt. 1st M ..
Cent.Vt. 1st consol. M. #r>r $15,000,000, gold.c<fcr
Centralia <t Chester—1st Si. $12,000 perm., gold.c*
Char. 0.<t Chie.—Stock $25,000 per m ile................
Old 1st M., gold, ($25,000 p, m.) to lie retired ,.o*
Charleston & &arannah^~Gen. M. ($1,500,000),g..e*
1st and 2d pref. inc., $1,000,000 each, non-cum..
Charlotte Columbia <■Augusta—Stock.....................
£
40
185
. ...
50
103
103
150
191
191
__
23
Bonds—PrinolIN TE R E S T OR DIVIDENDS.
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
Value.
Cent. Payable
Whom.
Dividend.
1881 $1,000
1883 100 (fee.
1,000
1892
1,000
1889
100
1,000
1887
1,000
1886
1,000
1886
1890
1,000
100
1869 500 Ac.
1872
1,000
1,000
1883
1871
1,000
OhartUrs—1st mortgage........................................ c
Ohalt. Borne tt Col.—See Sa v a n n a h & W estern .—
Chattanooga South'n—1st M. ($15,000 p. m.) gold.c*
Chattanooga Union—Union Railway mortgages . ..
Chat. Union consol, mort. for $600,000, gold.-.c*
86 1889
.... ’85-’87
1888
Ches.<£ Nash!—1stM.,$25,000p.m.,g.,s.f.,not d’rn.c*
Chesapeake < Ohio—Purch. money landing, gold.c*
4
1st mortgage, gold, series “ A ” ......................... c
1st mortgage, of 1911, Peninsular Extens.,gold.c*'
1st mort., o f 1922, on extension, gold............... e*
1st consol, mortgage for $30,000,000, gold ,.c*&r
Rich. A A ll Div. 1st consol. M., gold, (See text) .o'
Do
do
do
g o ld ................ c*
Do 2d consolidated mortgage, gold..................
Craig Valley branch 1st mortgage, g o ld ...........c‘
Warm Springs Branch 1st mortgage, gold....... c*
General mortgage (for $70,000,000, etc.) gold..c*
Eliza. Lex, & B ig Sandy 1st m.,g.,guar. p. <fel_.c*
35
428
503
75
8
655
256
256
256
26
22
985
109
1887
1878
1878
1881
1882
1889
1890
1890
1890
1890
1890
1892
1872
$300,000
6 g- J. A J. N. Y „ Cuyler, Morgan.
7,000,000
5
J. A J. Boston, Am. L. A Tr. Co.
(D
4 g- J. A J. Boston, Am. L. A Tr. Co.
600,000
5 g- J. A J. N. Y., Farm. L. & Tr. Co.
6,567,000
7,345,000
5 g.
Oct., 1890, last paid.
Q-—J1,467,000
J. & J. N. Y.,12 W.23 & Clxa’st’n
2,000,000
v 2,082,000
....................
6 g. A. A Q.\
2,578,000 See text.
N.Y.,C.Tr. Co., 54 Wall.
2,000,000
7
j. & j.
do
do
7
500,000
A. & O.
do
do
500,000
do
do
6 g. J. A J.
500,000
7
A. A O. Philadelphia,Penn. RR.
1,440,000
200,000
400,000
150,000
1,000
875,000
1,000
2,287,000
1,000
2,033,729
1,000
2,000,000
500 (fee.
142.000
1,000 23,333,000
1,000
5,000,000
1,000
1,000,000
1,000
1,000,000
3,000
650,000
1,000
400,000
1,000 18,187.000
1,000
3,007,000
1,000
1,000
1,000
6 g6
6 g.
6
5 g6 g.
6 g.
6 g.
6 g.
5 g.
2-4 g.
4 g4 g*
5 g.
5 g.
4*2 g.
5g.
J.
J.
J.
J.
F.
j.
A.
A.
J.
M.
J.
J.
J.
j.
M.
M.
M.
A D. June, ’91,coup, lastpaid
A J. July,’ 91, coup, lastpaid
& ,T
.
do
do
A J.
do
do
A A.
In default.
& j . N. Y.,Drexel,Morg. A Co.
< 0,
fc
do
do
& O.
do
do
A D.
do
do
A N.
do
do
A J.
do
do
A J.
do
do
A J.
do
do
& j.
do
do
A S.
do
do
A 8.
do
do
A S.
do
do
July 1. 1921
June 30,1913
........
Jan. 1, 1943
July 1, 1919
July 1, 1947
Jan. 1, 1936
Irredeemable.
Apr. 2, 1910
June 1, 1889
Jan. 1, 1895
Oct 1, 1910
July 1, 1933
Oct. 1, 1901
Dee. 1, 1919
J’y,’05-Jan.'07
July 1, 1918
1920
Aug. 15,1937
July 1, 1898
July 1, 1908
Jan, 1, 1911
June 1, 1922
May 1, 1939
Jan. 1, 1989
Jan. 1, 1989
Jam 1, 1989
J 'd v 1, 1940
Mch. 1, 1941
Mch, 1, 1992
Mch. 1, 1902
C h a r le s t o n S u m t e r Sc N o r t h e r n . —Operates from Pregnalls,
Disbursements—
1890.
1891.
1892.
Rentals paid................................ $1,819,815
$1,897,771 $1;839,442 8. 0., to Gibson Station, N. C., on the S aboard A ir Line, 132 miles, ana
Interest on debt......................... 2,798,148
2,739,579
2,709,928 branches, 18 miles. R eceiver appointed January, 1892, and receiv
Dividends..................................(6)1,117,092 (6^)1,455,431 (7)1,572,725 ers’ c^rtiticat s for $200,000 authorized and mostly used to pay for the
extension of 18 miles to Gibson, oompl ted Sept., 1892. Reorganization
$6,122,095 in progress. Mortgage trustee is Atlan tic Trust Co. of New York.
Total disbursements.......... $5,735,055 $6,092,781
BiJance, surplus................ $1,390,279
$932,014
$757,669 Stock authorized $12,000 per mile; outstanding, $1,380,000; par, $100.
From January 1 to Dec. 31,1892 (12 months), gross earnings were
—(V ,5 4 ,p . 404, 667, 681, 6 84, 867, 887. 923; V. 55, p. 22, 178, 332, $149,501, against $137,661 in 1891. (V. 54, p. 158, 403, 525.)
373, 374, 680,722, 857. 938,1110; V. 56, p. 82, 247, a 13, 330, 333, 538.)
C h a r lo t t e C o lu m b ia Sc A u g u s t a .—Owns from Charlotte, N. C.,
C e n tr a l V e r m o n t . —R o ad .—Owns Windsor to Rouse’s Point, 158 to Augusta, Ga., 191 miles; leases Atlantic Tennessee A Ohio Rail
jniles; Essex Junction to Burlington, 8 miles; Swanton Junction to road, Charlotte to Statesville, 44 m iles; Cheraw A Chester, 29 miles:
Province, 11 miles; Montpelier to Williamstown, 14 miles; other, 2 and Chester A Lenoir, 109 m iles; total operated (including 10 miles of
miles; total owned, 193 miles. L eases Rutland R R .—Bellows Falls to Western North Carolina), 373 miles.
Burlington, 120 miles; Addison RR.—Leicester Junction to Ticonderoga,
L eased to Richmond A Danville in May, 1886, for net earnings. In
15 miles; Montreal & Vermont Junction—Province Line to St. Johns, 23
miles; 8. 8 . A Chambly RR.—8 . S. & C. Junction to W aterloo, 43 miles; case o f any deficiency in net earnings to pay fixed charges the lessee
may advance the funds.
Ogdensburg & Lake Champlain RR.—Rouse’s Point to Ogdensburg, 118
miles; New London & Northern RR.—Brattleboro to N ew London, 121
B onds a n d Sto c k .—The consols o f 1883 are guaranteed as to
miles; Brattleboro & Whitehall RR., 36 miles; Burlington A Lamoille principal and interest by indorsement by R. A D.; $2,500,000 of this
RR., 34mile8; Mississquoi Valley RR. —St. Albans to Ricliford, Vt., 28 issue is reserved to retire prior issues at maturity. Of the sfcook $1,miles; Malone A St. Lawrence. Malone, N. Y ., to Beauharnois Junction, 300,000 was deposited by Richmond A West Point Terminal under its
Quebec, 32 m iles; total, 763 miles.
collateral trust deed of 1889. Dividends in 1888,4 per c en t; in 1889,2.
In June, 1892, the Richmond A D anville and the Richmond Terminal
H is t o r y .—A consolidation in June, 1892, of the Central Vermont,
went into receivers’ hands, hut interest on U. C. A A.’ s bonds was paid
Verm ont A Canada, Montpelier & White R iver and Consolidated R ail
road o f Vermont. Company owns $1,591,000 stock of the Ogdensburg as usual July 1,1892, and Jan. 1 and Apr. 1,1893. See those companies
& Lake Champlain RR.; $400,500 o f the $800,000 stock o f Ogdensburg
E arnings .—In year ending June 30, 1892, gross earnings were
T ran sit Co.; all the securities except £79,300 bonds o f the S. S. A $865,306; net, $234,686; interest, $205,000; rentals, Ac., $63,438; de
■Chambly RR. [St. Johns to Waterloo, 43 miles], etc. The Rutland, the ficit, $33,752. In 1890-91, gross, $992,748; net. $306,003; surplus
N ew London A Northern and the Ogdensburg A L. Champlain are de above charges, $36,912. (V. 53, p. 843; V. 55, p. 7 6 4 .)
scribed under their own titles.
C h a r t ie r s . —Owns from Mansfield, Pa., to Washington, Pa.f 23 mile*.
Sto c k .—B efore consolidation Central Vermont had $1,000,000 stock Sold under foreclosure and reorganized in 1867. Leased for 99 years
*n d Consolidated o f Vermont $750,000 pref. and $800,000 common.
from January 1, 1872, to the Pittsburg Cincinnati A St. Louis (now
B onds .—Of the consolidated mortgage fours for $15,000,000 [trusteo Pittsburg Cincinnati Chicago A St. Louis); the rental is net earnings.
American Loan A Trust Co. of Boston^ $7,000,000 are reserved for the In 1892 gross $262,394; net, $104,839; surplus over fixed charges $52,- ,
retirem ent at maturity of the $7,000,0**0 lives due in 1913, and, if the 285; dividends (8 per cent), $51,624; balance, $661. Capital
trustee so requires,an additional$700,000 for same purpose; $1,488,- stock, $645,300 (par $50), o f which the Pennsylvania Railroad owns
000 were to replace certain temporary bonds and $2,500,000 to pay $333,850. Dividends since 1886 as fo llo w s : In 1887, 1888 and 1889,5
floatin g debt, the balance being issuable for permanent improvements per cent; in 1890, 5 ^; in 1891, 7*2; in 1892, April, 4; October, 4; in
on the system, etc. The mortga covers the road owned and all interest, 1893, April, 5 per cent.
leases and securities owmd.
C h a t t a n o o g a R o m e A: C o lu m b u s .—See Sa v a n n a h A W estern .'
A n n u a l R e po r t .—Fiscal year ends June 30. Report for 1891-92
C h a t t a n o o g a S o u t h e r n .—Owns road, completed in June, 1891
was in V. 56, p. 41, showing total receipts, including steamer earnings,
from Tennessee State line to Gadsden, Ala., 86 miles; branches, 3 miles;
$55,450,583; net, $1,664,896. Payments—Taxes, $120,590; interest on
oonds, $357,751; interest on floating debt, $89,768; rentals, $881,294; trackage to Chattanooga, 5 miles. In February, 1892, a receiver was
O g- Transit Co., $80,551; total, $1,529,955. Balance, $134,940. (V. appointed, and in March a reorganization plan was adopted. V. 54, p.
485. Receiver’s certificates for $250,000 were authorized in May, 1892,
51, p. 680, 715; V. 53, p. 712, 880; V. 56, p. 41.)
Foreclosure sale postponed till M ay 22, 1893. See V. 56, p. 710.
C e n t r a lia & C h e s te r.—(See M an.)—Chartered to build from Ches Consolidation with Marietta A North Georgia—which see—was pro
ter, ELL, to Altamont, HI., with branch to a point opposite St. Genevieve. posed in December, 1892. R* ceiver is J. W. Bourke. Stock authorized
T o ta l distance, 140 miles, including sidings. The section between ($15,000 per mile). $2,000,000; outstanding, $1,440,000. (V. 54, p.
Sparta and Centralia, 50 miles, was completed and put in operation in 287, 485, 886; Y. 55, p. 722: V. 56, p. 578, 710.)
spring o f 1893. A t Centralia connection is made with the Illinois
C h a t t a n o o g a U n i o n . —Owns 43 miles of belt railroad in Chatta
OentraL Bonds authorized, $12,000 per mile, covering roadbed, equip nooga, Tenn., connecting the ten lines entering that city. In September,
m ent and terminal facilities; stock issued and subscribed for like 1891, $510,000 of the $1,000,000 capital stock was purchased by the
amount. The road is standard gauge and is laid with 56-pound steel Alabama Great Southern, and so is held in the interest o f the East
rails.
Tennessee Virginia A Georgia. H. S. Chamberlain appointed receiver
C h a r le s t o n C in c in n a t i Sc C h ic a g o .—Projected from Sumter, in Feb., 1892. Majority consols deposited with Wm. H. Blackford, of
.
S. C., to Richardson, K y., 510 miles, of which 175 miles between Cam Baltimore, Md., and large m ajority of underlying issues with H. W
den, S. C., and Marion, N. C., is now in operation, forming a through Bartol, of Philadelphia (Drexel Building), pending foreclosure. From
Jan. 1 to Sept. 30,1891 (9 mos.), gross earnings were $74,860, against
Sine, in connection with the South Carolina RR.. 290 miles in length,
betw een Charleston, S. C., and Ruth erf ordton, N. C. Road is also in $86,570 in 1890; net, $22,099, against $33,789. (V. 53, p. 407.)
operation in Tennessee from Johnson City to Unaka Springs, 20 miles,
C h e s a p e a k e Sc O h io . —(See Map.)—Owns Old Point Comfort, Va.*
jin February, 1891, receivers were appointed. See V. o4, p. 485.
via Newport News and Charlottesville, to B ig Sandy River, West Vir
A reorganization plan of Aug. 2, 1892, supplementary to that of ginia, 511 miles; Richmond to Clifton Forge, Va., 230 miles; also holds
Jhrne 18, 1891, has been accepted by tbe security holders. Tennessee the ownership (through all the bonds and the bulk of the stock) of the
•portion of road was bought by bondholders at foreclosure sale in 1892, line from Ashland, Ky., to Covington and the bridge between Coving
and the remainder of the property on May 2,1893. See V. 56, p. 413, ton and Cincinnati; and has absorbed the Elizabethtown Lexington
*752. In May, 1893, a syndicate made an offer to security holders A Big Sandy, the Ohio A Big Sandy RR. and the Kentucky A 8outh A t
whieh is under consideration. See V. 56, p. 668. Receiver’s certifi lantic RR., 203 miles (of which 21 miles leased and 20 narrow gauge.);
cates for $276,897 were outstanding May, 1893.
together w ith various branches, the whole on July 1, 1892, aggro- j
E arntngb .—T he Receiver’s report for year ending March 31,1893, gating 1,183 miles o f ownership and 115 miles o f leasehold and track
showed gross earnings $155,425, as against $170,245 in 1891 92; and age rights for reaching Washington, etc.
a defloii from operating of $25/ 02, as against $15,096 in 1891-92.
H is t o r y , A c .—T he former Chesapeake A Ohio was sold In fore
Now York oflices, 45 Broadway. (V. 54. p. 287, 485, 683, 799, 968, closure April 2,1878, and this company organized. In 1888, under
V. 55, p. 21,145, 462; V. 56, p. 413, 668, 752.)
the direction of Drexel, Morgan A Co., reorganized without foreclosure,
C h a r le s t o n Sc S a v a n n a h .—Owns from Ashley R iver Junction, and the road extended to Cincinnati. The consolidation with the Rich
8. C., to Central RR. Junction, Ga., 97 miles, and branch 6 miles. Oper mond A Alleghany was consummated in January, 1890. The Elizabeth
ates Ashley Junction to Charleston, S. C., 11 m iles: and Central Junc Lexington A Big Sandy and other roads were absorbed in 1892. in
tion to Savannah, Ga., 7 miles; total, 121 miles. Branch from Green Decomber, 1892, the Chesapeake A Ohio Steamship Company (Limited), j
_
Pond to Waterooro, S. C., 14 miles, is controlled in same interest but w as organized, by this coinpanjr (V. 55, p. 1078.)
Until January 1,1894, the voting power and control of the C. &U.
operated separately. Foreclosed Juue7,’80, and presentcompauy organ
ized. Belongs to Plant system. See Sav. Fla. A West. Stock $500,000. remain with throe trustees, viz.: J. Pierpont Morgan, John Crosby
From January 1 to December 31,1892 (12 months), gross earnings were Brown and George Bliss. The road is therefore controlled in same in
$596,528, against $719,376 in 1891. In calendar year 1891 gross earn terest as the Cleveland Cincinnati Chicago A St. Louis.
Ca p ita l Stock .—Common stock is $60,187,100; increased from
ings were $719,377; net, $202,496; surplus over charges, $62,108, out
o f which was paid 6 per cent on first preferred incomes. See V. 54, p. $45,000,000 to this figure in 1892-93 through exchange of practically
4-05. Paid I* * per cent on first incomes in 1889, 2 per cent in 1890, 6 all the $25,000,000 of preferred stocks for common stock and general
cn 1891, 6 in 1892; in April, 1893, 5 per cent. (V. 54, p. 405.)
mortgage 4% per cents in certain proportions. Only about 2 per cent
M A r OF THE
CHESAPEAKE & OHIO
RAILWAY
AND
IT S
C O N N E C T IO N S .
yt. ..:;k
Now
^
[\
V&itMr
RAILROAD STOCKS AND
BONDS
[okom
i
Colum bia
M t.P U a ttM
^Weshingtoti
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tch
*
O >w
W «’UW
hrwwttiW
.
Arming
mftMi
T^b.Je
' v-^Spr1 nrM_
n*
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.OeAtnl C
y.
f f i '£ W f P * k f
Orwi
(N>rM
n
(J k >
U *W w
A<t«lm
y|l|
krrtU#
rin<i»Il
•ehetlbe
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o tfo»n
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MMP
Lebanon
1ASNVILLK
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52
Columbia
A ih tv il
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28
INVESTORS’ StL r'LEMENT,
[V o l . L Y I.
S u b sc rib e r# w i l l c o n fe r a g re a t fa v o r by g i v i n g im m e d ia te n o tiee o f a n y e r r o r d is c o v e r e d In these T a b le s .
Bo7ids—Princi
IN TE R E S T OR DIVIDENDS.
R AILRO AD S.
Miles Date Size, or
pal,^When Due.
Amount
When
Par
of
of
For explanation of column headings, &c.( see notes
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
Whom.
on first page o f tables.
Dividend.
Chesapeake < Ohio.—( Concluded.)—
£
Ches. & Ohio Equipment trust bonds, gold ...... c*
Allegheny Car Trust, Series A, B and C ...............
Equipment notes..................................................
Elevator Co. 1st M., gold,p. & i. guar, by C. & O.c*
2d mortgage, for $500,000, income, non-cum.c*
New R iver Bridge Bonds, gold.............................
Buck’am B r.R R .l stM., $15,000 p.m.,g.gu.,p.&i.c*
Ches. Ohio < Southwestern.
£
Padue. &EUz.,lstM.,s. f., dr’n at 100($300,000 8s)
C. O. & S. W. 1st mort., gold ($19,000 per mile).c*
2d mortgage ($11,000 per m ile)....................c*
Equipment trust bonds, not drawn............... c*
Equipment trust notes July 1, 1892................
Chicago < AIton—Common stock............................
£
Preferred stock (7 per cent yearly not cumulative)
General mortgage, sterling, for £900,000....... c*
8. f .bonds (K. C. St. L. &C. 1stM. col.), gold, no t dr’n . e
Kansas City St. L. & C. pref. stock, guaranteed..
Joliet & Chic., 7 p.c. stock, perpet.,guar. by C.&A.
St. Louis Jacksonville & Chic., 1st M., assumed
1st mortgage, endorsed by Chicago & A lto n ..
2d mortgage, endorsed by Chicago & A lto n ..
2d mortgage, assumed....................................
Louisiana & Mo., guaranteed preferred stock..
1st mort. bonds, assumed by Chic. & A lto n ...
1st mort. (interest guaranteed Chio. & Alton)
2d mort. (interest guaranteed Chicago & Alton)
Miss. R iver Bridge, stock (7 per ct. guar. (C.&A)..
1st M.,gold, assumed, sink, fund, ar’n a t 100. .c*
Yar.
i,000
18
1888
1888
1888
1892
$1,000
1.000
1,000
1,000
186
352
352
1877
1881
1881
1,000
1,000
1,000
1,000
....
1870
1870
1877
100
100
1,000
1,000
100
100
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1877
1,000
....
322
162.
162
38
150
37
37
150
101
101
101
101
1873
1878
____
1864
1864
1868
1868
____
251,000
231,000
678,940
820,000
315,000
170,000
100,000
500,000
6,176,000
3,865,000
685,000
265,528
16,269,300
3,479,500
4,379,850
1,932,000
1,750,000
1,500,000
2,365,000
564,000
188,000
42,000
329,000
439,000
1,287,000
300,000
300,000
593,000
6
5
6
4
4
6
5
Various N. Y., Drexel,Morg.&Co.
Various
do
do
Various
do
do
do
do
g. A. & 0.
Oct. 1.
g. M. & N. N.Y., Drexel,Morg.&Co.
Richmond.
g- M. & S.
g.
6&8
6 g.
6
6
8 per an.
8 per an.
6 g6 g.
6 per an.
7 per an.
7
7
7
F. & A.
F. & A.
F. & A.
Semi-an
Q .-M .
Q .-M .
J. & J.
M. & N.
Q .-F .
Q.-JA. & O.
A. & O.
J. & J.
J. & J.
7
7 per an. F. & A.
F. & A.
7
F. & A.
7
M. & N.
7
7 per an. J. & J.
6 g- A. & 0.
Various.
Various.
Oct. 1, 1938
Oct. 1, 1988
May 1, 1898
Sept. 1, 1942
N. Y., 23 Broad St.
do
do
do
do
do
do
Feh. 1, 1897
Aug. 1, 1911
Aug. 1, 1911
June, 1901
SN. Y „ Cuyler.Morg’n }
\ &Co &Chic.Tr.Office ]
Lond’n,J.S.Morgan&Co.
N. Y., Cuyler,Morg.&Co.
do
do
N. Y., U. S. Trust Co.
N. Y. ,Cuy ler.Morg. & Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Chic., Treasurer’s Office
N. Y.,Cuyler,Morg.& Co.
June 1, 1893
June 1, 1893
July 1, 1903
May 1, 1903
May 1, 1893
April, 1893
Apr. 1, 1894
Apr. 1, 1894
July 1, 1898
July 1, 1898
Feb. 1, 1893
Aug. 1, 1900
Aug. 1, 1900
Nov. 1, 1900
Jan., 1893
Oct. 1, 1912
of the preferred remains out. See terms o f exchange in V. 54, p. 642* Ry., Hopkinsville via Princeton to Evansville, Ky., branches, etc., 160
A ll the converted shares are deposited in trust and held alive to pre m iles.; so too the Hodgensville & Elizabethtown and the Troy Tiptonclude any advantage to shares not converting.
ville railroads, 16 miles in all, most o f whose securities are owned
Successor to the Memphis Paducah & Northern, which was sold In
P rice o p Sto c k .—Common stock (since reorganization in 1888): In
foreclosure in L881. and merged with the Paducah & Elizabethtown.
1889, 151
8'2>28 ; in 1890,14*2'®271 in 1891,141
8;
*'S>28; in 1892, 21%®
L eased in February, 1886, to th8 Newport News & Mississippi Valley
28; in 1893 to M ay 19 inclusive, 17 *2-a
*26.
Co. for fifty years, rental to be interest on bonds if earned, and not to
B onds .—The consolidated moi'tgage, due in 1939, is for $30,000,000 exceed 6 per cent, on stock. In 1891 $1,297,500 (60 per cent) of
(trustee, Central Trust Co.), and sufficient bonds, are reserved to the stock of the Ohio Valley R ailw ay was purchased, the Ches. Ohio
provide for prior liens. This mortgage is also secured by deposit in & Southw. guaranteeing its $2,162,000 bonds. See V. 52, p. 321, 718.
trust of the $11,000,000 bonds and two-thirds of the stock of the MaysIn August, 1892, a controlling interest in the stock o f the Owensboro
ville & Big Sandy RR., Ashland to Covington, Ky., and the Bridge to Falls o f Rough & Green R iver RR. (which see) was purchased br
Cincinnati, all owned by the Ches. & O. RR. (See abstract, V. 49, p. 147.) parties connected with the Ches. O. & S. W. Its 42 miles of road will
O f the first consolidated mortgage on the Richmond & Allegheny divi be operated separately. On June 13,1893, stockholders vote on propo
sion, $5,000,000 carry 2 per cent interest till January, 1894, and sition to purchase the Hodgensville & Elizabethtown RR. b y guaran
thereafter 4 per cent. (See abstracts o f mortgages, V. 51, p. 144.)
teeing its bonds or otherwise, and to consider building extension to or
The general mortgage o f 1892 (Central Trust Co. and H. T. Wickham toward Scottsville.
trustees) is for $70,000,000, but additional amounts at $25,000 per mile
St o c k , E tc .—Common, $6,030,600,and pref. $3,860,000 ($164,000ad'
may be issued for double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds were reserved to provide for the $30,000,000 con ditional unissued), o f which the N ewport News & Mississippi Valley Co.
July 1, 1892, owned $5,608,700 common and $3,511,600 pref. Unpai i
sols of 1889, issued or to be issued, etc. The balance unissued may be
sold for new acquisitions, rolling stock, etc., but not more than coupons were $591,910 July 1, 1892; due New p’t News Co.,$l,399,70L
$2,000,000 thereof in any one year. The mortgage covers the 985
E a r n in g s .—From July 1,1892, to March 31,1893 (9 months), gross
miles of road owned by the company as indicated above, the securities $1,868,771, against $1,794,217; net, $661,115, against $676,282.
of the B ig Sandy roads which it holds, and all additional mileage
A n n u a l R e po r t .—Fiscal year changed to end June 30. Report for
acquired with the proceeds of its bonds. When the preferred stocks year 1891-92 in V. 55, p. 855.
shall have been entirely retired there will be $18,988,000 generals 4 ^s
Year—
Gross earns.
Net
Other ine. Int.,eic.
Balance.
outstanding, out o f which $4,000,000 are being used for improvements in 1891-92....... $2,297,825 $823,156 $45,528 $889,303 def. $18,619
1892-93. See full abstract o f mortgage in V. 54, p. 644; also V. 54, p. 1890 91 ........ 2,311,280
.........
739,428 .............................
642; V. 55, p. 335.
—(V. 50, p. 518 ; V. 52, p. 5 69, 718; V. 53, p. 156; V. 55, p. 855.)
The ElizabethVn Lexington & Big Sandy first mortgage bonds, interest
C h ic a g o & A l t o n . —L in e o f R o ad —Joliet to East St. Louis
on which has been reduced to 5 per cent, have been endorsed w ith the
C. & O. guaranty o f principal and interest, and general mortgage bonds (main), 244 miles; Branches—Bloomington to Godfrey, 151 miles; to
have been set aside to retire them at maturity. There are also Man Coal City, 24 miles; Dwight to Washington and Lacon, 80 miles; Roodhouse to Louisiana, 38 miles; Upper Alton line, 7 miles. Total owned,
chester City 8s, $60,200, and 5s, $36,000.
544 miles. Leased—Chicago to Joliet, 37 miles; Louisiana to Cedar
Ope r a t io n s , F inances , &c.—Since the reorganization in 1888, when City, 101 miles; Kansas City to Mexico, 162 miles. Total leased, 299
the control of the company was placed for five years in the hands of miles. Total operated, January 1,1893, 843 miles.
trustees, the property has been greatly enlarged and improved. I t is
H is t o r y .—Chartered as the Chicago & Mississippi February 27,
operated in harmony with the Vanderbilt lines.
As to the earnings and expenses for the year 1892-93 the managers 1847; reorganized in 1857 as Chicago Alton & St. Louis, and again
under present title in October, 1862; after foreclosure. In 1884 con
in their report for the past year (V. 55, p. 334) give in full their
reasons for believing that a substantial surplus w ill remain after pay solidated with the St. Louis Jacksonville & Chicago RR.
ment of all charges. In brief these reasons are as fo llo w s : In the year
Sto c k .—Stock for $2,200,000 was sold to stockholders at 114, to
1891-92 net earnings w ere$2,275,000; to this sum should be added over retire $2,383,000 of 7 per cent bonds due January 1, 1893.
The Chicago & Alton preferred stock has prior right to a non-cumula
$500,000 for extraordinary ex senses included in the year’s operating ex
penses, over and above liberal allowance for maintenance, etc., and tive dividend not exceeding 7 per cent from net earnings and (aftei
$250,000,as a minimum for the net earnings of the B ig Sandy,etc.,roads. payment of 7 on common) also shares with common in any surplus.
This would make a total o f over $3,000,000 net earnings for the year just
D iv id e n d s since 1879—In 1880, preferred 7, common 6 ^ ; in 1881
closed, against an interest and rental charge for the ensuing-year on both 8; in 1882, both 8 ; in 1883, both 8 ; in 1884, both 10; from 188!
the entire system of $2,880,066. There is now being expended for to June, 1893, both inclusive, both 8 (2 per cent quarterly.)
double track, branches, equipment, etc., about $4,000,000, and all the
P rice o f Common Sto c k .—In 1885,128®140; in 1886, 138'3>146; k
interest upon the bonds sold therefor (about $200,000 per annum) has
2
been included in the fixed charges for the ensuing year, while no allow 1887,130®155; in 1888, 132®140L}; in 1889, 125® 140; in 1890, 1 1
ance has been made in the above statement for the increase in net ®135; in 1891, 123^140^; in 1892, 139®154; in 1893 to May 19
inclusive, 140® 145 ^
earnings which should result.
L eased L in e s .—The Kansas City St. Louis d- Chicago is leased in per
E ar n in g s .—July 1,1892, to March 31,1893 (9 mos.), gross $8,509,499*
petuity from Nov. 1,1877, at rental of 35 per cent o f gross earnings
against $8,336,639 in 1891-2; net, $2,788,726, against $2,073,582.
Its bonds are held by the U. S. Trust Co. as security for the Chicag1
A n n u a l R e po r t .—Fiscal year ends June 30. Annual meeting is & Alton bonds o f 1878, which have a sinking fund of $60,000 per annum
held at Richmond on the Tuesday preceding the last Tuesday in Common stock, $271,700, of which $157,600 is owned by the C. & A.
October.
Report for 1891-92 was in V. 55, p. 318, 331, 334,
The Joliet & Chicago is leased from January 1,1864, for the term c
and showed the following, there being included in operating ex its charter, and forms part o f the main line. Rental, 7 per cent o
penses of each year large amounts paid for new equipment and other stock. Tlie Louisiana eg MissouH River RR. is leased for 1,000 year.
additions, over $500,000 being so included in 1891-92.
Rental, 35 per cent o f gross earnings, after taxes, &c., h a v e bee
Year ending June 30—
1890.
deducted from them, but interest guaranteed on bonds and $329 ,u
<
1891.
1892.
preferred stock; other preferred stock is $1,010,000 and coni ro(
Miles operated................
923
1,027
1,078
$2,272,700, neither of which have ever paid dividends; rental in 189
Passenger earnings.........
$1,471,436
$1,765,299
$1,913,187 $161,468, against $162,138 in 1891.
Freight............................
5,384,255
5,963,516
6,694,953
The Mississippi River Bridge is leased in perpetuity from Dec. 3,187
Express, mail and miscel.
306,258
398,296
396,460 at 7 p. o. on $300,000 stock (all owned by 0. & A.) and 6 p. o. on bond
G e n e r a l F inances .—The Chicago & Alton Road has been pe
Total earnings..........
$7,161,949
$8,127,111
$9,004,600
Oper. expenses and taxes.
5,611,968
6,083,518
6,731,732 ticularlv strong in having a large local business between Chicago a
St. Louis. Its leased lines are as completely controlled as if ownt
system is
and
N et earnings.............
$1,549,981
$2,043,593
$2,272,868 and the having beencompact new very conservatively managed, flo e
tensions
built or
lines acquired o f recent years. 8m
19,969
18,520
1883 there has been practically no increase in the capital stock, exce
that made in January, 1893, to retire maturing bonds, as above stab
Total net income___ _
$1,569,950
$2,062,113
$2,272,868 In this period $2,153,870 income has been expended in the purchase
$1,663,641
Interest on bonds............
$1,745,129
$1,798,095 additional real estate, rolling stock, etc., and the bonded debt has be
Rentals of tracks............
44,401
11,609
10,916 reduced by the purchase and cancellation o f $735,000 o f bonds.
Loss on grain elevator_
_
16,419
8,165
A n n u a l R e p o r t .—Fiscal year ends December 31. The annual me
Discount and exch’ge, &c.
1,628
69,145
64,372
ing is held in Chicago the first Monday in April. Annual report ;
1892 was in V. 56, p. 329, 356.
Balance...................... Def.$139,720 Sur.$219,810 8ur.$391,320
1895
’* "
1890.
Tear ending Dec. 31— -----1889.
1891.
—(V. 54, p. 119,158, 242, 366, 441, 525. 597, 642, 643, 644, 964, 1009; Totalgrose earnings$7,516,617 $7,065,754 $7,590,881 $7,730,f
V. 55, p. 58, 318, 331, 334, 722, 937, 1078; V. 56, p. 403.
$2,683,754 $3,132,131 $2,922,£
Net earnings.......... $2,944,881
272,$
272,567
C h e s a p e a k e O h io & S o u t h w e s t e r n . —Louisville, Ky., to Mem Other receipts........
273,497
273,875
305,(
phis. Tenn., 392 miles, and branch Elizabethtown to Cecilian Junction Freni’s on new stock.................
6 miles, 398 m iles; of which is leased from Louisville & Nashville their
Cecilian branch, 46 miles. Also operates separately the Ohio Valley
Total receipts..... $3,218,756 $2,957,251 $3,404,698 $3,501,!
Orton T.
A
e»
MAP OF THE
CHICAGO,
BURLINGTON & QUINCY
DEAD W O O D
RAILROAD S Y S T E M .
^ppWtoo
^VjloOtaTt
t^lllmar M lHNi
Wmiihu
LitchflaM^---- —
L.Mln i
ElllaJc,
V
Abbotafc
.Eland gtllosj
C U n io n
Eleven* rt.
\
y 5 Howard;
*.
K.LondonV e._—■ 3
—
O
Nmii*!
Berlin
Chambarlaii
M in n J c .T a r !
Armour
a*
Q
55
O
03
Algoi.n'
[etirofot
Pino RUIrw
oAnentxf
'uawarden!
.Vorm
iU'.ou
-v
I,“
u
Creighton
Ilch V
tTu r^k
fjar«laniim_yr'y
| Glrnrxm^
Q
1
kb*
4£
a
Hartl ngton
Randolph
JaQ v ■ v. r ’ I
Lc F ^
^
V Yr
*
a^k _e .dj*
IngalUton,
Borea^
Wendovor
7 JaneeW
C
*>./ e V -----
l Q.
r 7
il l r A A ^
T
ly ila m m
03
M
Q
'W
atertown
T rlp iA T
Rum i
Midrale
i »UI ANCl W
PrrVf nV ^•l^niroe
RtmoR >
Sllawortli^
A a h b j^
Whitman*
Wauke?^
5
H
Q
Q
9
Worth Plal
o
a
jt«pwm<«,
r % t.
M o b e r ly ’
Rapid*
Netawaka
UmoId4
— JtMai
Croe by
OafwCy. A,*xy
■Moral
'an trail a
ICurhara Ji
3
INVESTORS’ SUPPLEMENT.
[V ol L V I
S u b sc rib er!* w i l l c o n f e r a g r e a t t a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in tlie s e T a b le s .
Bonds—Princi
IN TE R E S T OR DIVIDENDS.
RAILRO AD S.
pal,^When Due.
Miles Date Size, or
Amount
Rate per When Where Payable, and by Stocks—Lost
of
Par
F o r explanation o f column headings, &c., see notes of
Outstanding Cent. Payable
Whom.
Road. Bouds Value.
Dividend.
on first page o f tables.
5
Chicago Burl. < Northern—lstM .,s.f.,rod. at 105.o* 363 1886 $500&o. $8,522,500
£
6
1.000
2,215,000
2d M. ($10,000 p. m.) red. after May 31,1898..c* 363 1888
1,000
935,000
6
1886
Ten-y ear debent tires......................................... c*
940,000
5
1,000
1888
Equipment mortgage—see te x t............................
100 76,407,000 See text.
Chicago Burlington rf* Quincy—Stock, see te x t.......
18,300,000
7
1,000
'Con. M. cov’ng Ch. Term .(now 1st lien) see text.c* 750 1873
1,000
547,500
7
1871
Plain bonds....................................................o*
1,000
330,000
5
Sinking fund bonds, (1st M. as coll.) not dr’n.c*
33 1875
2,316.000
5
1,000
Sink, fund bonds (1st M. as coll.) not dr’n .o*«fer 286 1876
3,542,550
7
Burl. & Mo. Kiv. (Inlowu) lstM .lgr.s.f.,notdr'n.c" 278 1863 50 &c.
66,000
40 ’69-’ 70 500 Ac.
8
1st mortgage convertible bonds.....................c*
2,892,000
) 1879 1,000
5
Oh. Burl. A Q. Iowa D iv., s. f. 5s, drawn at 1 0 5 ..)
787 $ 1879 1,000
4
8,152,000
*
Iow a Div., s. f. mortgage4s, drawn at 100.cat $
4
1,000
4,300,000
Sink, fund 4s (for B. & S. W.) drawn at 100.o&r* ___
1881
1,000
7,968.000
4
Denverexten. (oollat. tr.) b’ds, s.f. dr’ n at lOO.c* 415 1881
1,000
9,000,000
5
Ch. Burl. & Q. Debentures l'or Han. &St. Jostk.o*
1883
4
Nebraska ext.,$20,000 p. m. (s. f „ not dr'u).c’ .tr 1,432 1887 l.OOO&c 27,246.000
1890-2 100 &c. 15,264,300
5
Convertible debentures (Seo remarks).............
B'rl.&Mo.RR.inNob.con.M.l.gr.,s.f.dr’n a t 100.. )
7,894,000
6
(1878 600 &C.
561 ( 1878 600 &c.
5,000,000
Do
do
do
exempt (See remarks)— s
6
1880
1,000
4
B u rl & Mo. RR. In Neb., 8. t. for A t .&Neb.RR.st’k ..
3,347,000
46 1876
1,000
840,000
5
'Quincy Alton & St. L. (leased) 1st mortgage— c*
90 1879 600 &c.
Repub. Val.R .,1st M.g.,(iU\ at 100) s.f., $14,000...e
1,078,000
6
1,000
70 1870
1,076.000
Ottawa Oswego & Fox River, 1st m o rtgage___e*
8
80 ’69-’ 71 1,000
1,750,000
Chicago & Iowa 1st and 2d mortgages................
8
Chicago Rockford & Northern 1st mortgage.......
24 1875
250,000
8
i,oo*6
Omaha & S. W., 1st mortgage, guaranteed....... c*
49 1871
669,000
8
Nebraska Railway consolidated mort, guar........c 132 1877
1,000
349,000
7
Atch.& Neb., IstM ., At. to Lin., Neb., etc., guar.o* 148 1878 100 &c.
1,125,000
7
2d mort. on Atch. & Nob. RR. (1st M. on bridge) 148 1887
901,280
6
Linc’n & N .W .R R .lstM . guar., s.f.l p.o., not dr’n..
73 1880
600,000
7
Chic. <t East. Illin o is—Com. stock ($15,000 p. mile).
Too
7,746,000
Preferred stock, 6 per cent ($10,000 per m ile)___
100
4,830,700 6 per an.
A. & o.
J. & D.
J. & D.
F. & A.
Q .-M .
J.
J.
J. & J.
J. & D.
A. & 0.
A. & o.
J. & J.
A. & 0.
A. & 0.
M. & 8.
F. & A.
M. & N.
M. & N.
M. & S.
J. & J.
j . & J.
J. & J.
F. & A.
J. & J.
J. & .i.
J. & j .
A. & o.
j . & D.
A. * o.
M. & 8.
J. & D.
j . & J.
Q .-J .
N.Y., F.L.&T.Co.&Bost.
do
do
do
do
do
do
N. Y., Boston and Clilc.
N.Y., Bk.of Com.& Boat.
do
do
Boston, Co.’s Office.
N.Y., Bk.of Com.&Bost.
N. Y „ F.L.&T.C0.& Bost.
Boston, Co.’s Office.
N. Y . , Bk.of Com. & Bost.
do
do
do
do
do
do
do
do
do
do
do
do
Boston, Bk. o f Com’rce.
do
do
do
do
N. Y „ F.L.&T.Co.&Bost.
Boston, Bk. o f Com’rce.
N.Y., F.L.&T.Co.&Bost.
do
do
do
do
Boston, Co.’s Office.
do
do
Boston, Bk. of Com’rce.
Boston.
Boston, Co.’s Office.
Apr. 1, 1926
June 1, 1918
Dec. 1, 1896
Feb. 1, 1903
June 15, 1893
July 1, 1903
Jan. 1, 1890
June 1, 1895
Oct. 1, 1901
Oct. 1, 1893
July 1, 1894
Oct. 1, 1919
Oot. 1, 1919
Sept. 1, 1921
Feb. 1, 1922
May 1, 1913
May 1, 1927
Sept. 1, 1903
July 1, 1918
July 1, 1918
Jan. 1, 1910
Feb. 1, 1896
July 1, 1919
July 1, 1900
1900 & 1901
Oct. 1, 1895
June 1, 1896
Oct. 1, 1896
Moh. 1, 1908
Deo. 1, 1927
Jan. 1* 1910
N.Y., Hanover Nat. B ’£ Apr. 1, 1893
Many o f the bonds are redeemable (may be drawn) before maturity at
1892.
Rentals paid............
$674,053 various prices, plus accrued interest, as stated in the table above. The
&
Construe., equip., &c.
238,841 Burlington < M issouri in Nebraska 6s, due in 1918^ are redeemable at
Interest on debt.......
804,108 100, but this for the “ exempt ” bonds applies only after 1908.
Dividends................
1,407,560
G e n e r a l F inances .—The Chicago Burlington & Quincy Railroad
169,986 has been one o f the most profitable in the country, as its numerous
Mtecell^peous..........
branches tributary to the main line were built into choice agricultural
Balance................ sur.$120,202 def.$292,379 sr.$223,067 sur.$207,046 territory. Corn, however, being one o f the principal articles oarried
- (V. 54, p. 348, 363, 720; V. 55, p. 1036 ; V. 56, p. 3 2 9 , 3 5 6 .)
by it, its earnings vary greatly according to the size of the crop.
Debentures for $7,639,400 were issued in 1892 for construction, etc.
C h ic a g o B u r l i n g t o n & N o r t h e r n . —Owns from Oregon, 11
1.
to 6t. Paul, Minn., 318 miles; Fulton to Savanna, 111., 17 miles; branches In January, 1893, the company off* red at par to stock holders o f Feb.
6 miles; trackage to Minneapolis, etc., 30 miles; total, 371 miles. Com 18 new capital stock for $5,876,500, and the same amount o f consol.
pleted Aug., 1886. Stock authorized $12,000,000; par, $100. The C. 78, due in 1903, the new securities to be issued on July 1,1893.
B. & Q. owns nearly all the stock outstanding. (See V. 50, p. 390.)
The proceeds w ill be used for new equipment, improvements, con
B onds .—The C. B. & 0. and Chicago & Iow a give a traffic guarantee struction, St. Louis terminals, bridge across the Missouri, and for the
payment of $3,542,000 Burlington < Missouri 7s due Oct. 1,1893. The
fe
fo r twenty years of one-lialf of their net earnings derived from business
to and from the Northern (to be not less than $100,000 per year) payment of the B. & M. 7s w ill free about $7,000,000 o f bonds drawing
interest in the sinking fund, so that the net increase in charges ana
fo r the. retirement o f Chicago Burlington & Northern firsts at 105; and
dividends w ill be only about $50,000. See V. 56, p. 164.
a fte r March 31,1896, the whole issue may he retired at 105.
The equipment bonds were called for payment at 105 on Feb. 1,1893,
L atest E a r n in g s .—For 3 months ending March 31 earnings, includ
an d holders given the privilege o f retaining their bonds upon agreeing ing lines controlled, w e r e :
rio 5 per cent interest and the waiving of the sinking fund provision.
3 mos.
Cross.
Net.
Charges.
Dal. Surplus.
E arning s .—From January 1 to March 31, 1893 (3 months), gross, 1893.. .. $9,402,088
$2,917,552
$2,490,000
$427,552
••$515,477, agst. $496,959 in 1892 ; net. $160,925, agst. $172,622.
1892.. .. 9,329,940
3,200,708
2,445,225
755,483
In 1892 gross earnings were $2,208,972; net, $807,938. In 1891
A n n u a l R e po rt .—Fiscal year ends Dec. 31. Annual m eeting is held
jffross $2,224,203 ; net, 923,683; rentals. 15111,087; interest, $700,059; the third Wednesday in May. Report for 1892 was published at much
'.Saxes, $83,969; balance, surplus, $28,569. (V. 52, p. 641; V 55, p. 215.) length in the Ch r o n ic l e , V. 56, p. 667, 669.
C h ic a g o B u r l i n g t o n
Q u i n c y . —(See M ap.) - K o a d .—T he acThe operations and fiscal results for the system proper, not including
.-soinpauying map shows clearly the lines o f this system, which include the lines controlled, have been as fo llo w s :
She follow ing:
1892.
Year end. Dec. 31— 1889.
1890.
1891.
Road owned’ & leased.
Miles.
Controlled—op.separately. \Miles. Miles operated..
5,556
5,216
5,325
5,140
Chicago to Denver, Col......... 1,024 St. Louis Keokuk & N. W .........220 Passenger earns.$6,223,510
$7,223,143
$6,369,646
$6,729,809
Branches, .and leased lines,
Chicago Burl. & Kansas City ..195 Freight.......... ..18,190,818
18,369,821
22,768,007
18.843,104
practically owned..............4,374 Huineston & Shenandoah, half
3,011,244
2,513,217
2,816,497
Mail,express,&c. 2,363,985
Used join tly with other Co.’s. 158
interest with W abash........... 112
^Chicago Burl. & Northern...... 371 To. grossearns.$26,778,313 $27,725,967 $27,916,127 $33,002,394
System proper, Jan.,’93.. .5,556 . *Hannibal & St. Joseph...........295 Oper. exp. & tax. 17,690,547
18,749,699
18,549,257
22,469,011
Second track, 297 m iles; third track, 30.
* These properties, having securities o f their own held by the public, Net earnings..,.$9,087,766
$8,976,268
$9,366,870
$10,533,383
a re separately described in this S u p ple m e n t .
P. c. op. ex. to e..
66-06
67*62
66*45
68*08
t Of this mileage 59 miles are already included in the system proper
The company’s income account, including the receipts and disburse*
an d 106 nriles are trackage outside o f system.
ments on account o f lines controlled, has been as follows:
In 1892 Burlington & M. River, owned by C. B. & Q., was extended
1892
1890.
1891.
1889.
through Wyoming, 145 miles to Sheridan. The St. Louis Keokuk & N et earnings_ $9,087,766
$9,366,870 $10,533,383
_
$8,976,268
IN. W., whose st ek is owned, is being extended so as to afford entrance Int. & oxch’ge..
1,281,818
806,035
1,371,627
672,863
in to St, Louie. See V. 56, p. 671.
188,572
178,455
156,848
N et B. & M. 1 gr. 291,443
.
Or g a n iz at io n , & c —This was a consolidation in July, 1875, o f the
■Chicago Burlington & Quincy in Illinois and the Burlington & Missouri Total incom e..$10,052,072$9,960,758
$10,895,345$12,003,773
R ive r in Iowa. In 1880 the Burlington & Missouri in Nebraska was Rentals p aid .... $192,119
$206,078
$230,280
$314,573
absorbed. The leased lines are practically owned and there is no charge Interest on debt 5,425,6115,491.992
5,817,266
6,113,738
?or rentals in the income account, except as interest on bonds. The Dividends......(4)3,055,704
(5)3,819,630 (4%) 3,246,686 (5) 3,819,922
ownership in the other roads above-mentioned is in the stocks and Car. tosink’gFd.
744,472
745,492
764,839
765,186
fronds thereof, and their accounts are kept separate.
L ands .—T he lands have mostly been sold, but 64,100 acres remain Balance, sur..sur.$634,166 def. $302,434 sur.$836,274 sur.$990,354
in g ; land notes outstanding, including interest payable, $525,729.
—(V .53, p. 325 ; V. 54, p. 242, 55 8, 5 6 1 ,5 8 l, 643, 1047; V. 55,p. 551,
Ca p it a l Sto c k .—The stock has been increased for the acquisition 1077; V. 56, p. 164, 646, 6 67, 669, 834.)
^of new lines, and in 1880 a distribution o f 20 per cent was made. Stock
C h ic a g o Sc E a s t e r n I l l i n o i s . —(See M ap.)—Owns from Dolton,
;-:or $5,876,500 was offered at par to stockholders in February, 1893.
111., to Danville, 111., 107 miles; Danville to Shelbyvillo, 92 miles; MoD iv id e n d s .—From 1881 to 1887 inclusive, 8; in 1888, 5; in mence to Indiana State line (junction with the Chicago & Indiana Coal),
1889, 4; in 1890, 5; in 1891, 4*4? in 1892, March, 1%; June, 1*4; Sept., 11 miles; Cissna Junction, 111., to Cissna Park, 11 miles. Leases—
Chicago & Indiana Coal Railway, Brazil to La Crosse, Ind., 145
2.Q; Dec. 1*4; in 1893, March, 1*4 p. c.; June, l^ ip . c. (quarterly.)
PRICE of STOCK.—In 1884,107® 127%; in 1885,115^® 138*2; in 1886, miles, and branches, 29 miles; Evansville Terre Haute & Chicago Rail
1L26%®141; in 1887, 1237 ® 156; in 1888,103% ®130^; in 1889, 897 BlockDanville, 111., to Otter Creek Junction, to Brazil,miles; 13 miles.
q
a road, Coal Railroad, Otter Creek Junction Ind., 49 Ind., Indiana
-* >
22.11*2 ; in 1890, 80®111L2; in 1891, 75%®110; in 1892, 95®1105 in
s;
Trackage—Otter Creek Junction to Terre Haute, Ind., (Ev. & T. H.) 6
7.893,to May 19 inclusive, 81 %® 1037
8.
miles; Holton to Chicago (C. & \V. I.), 17 miles. Total operated, 481 miles.
•Sin k in g F unds.— Included in the bonds outstanding in the table
In April, 1893, a contract was awarded for an extension from Koss.above are sundry bonds of the company which, with other bonds, (the ville to Bidell, 35 miles. Y . 56, p. 578.
whole representing a cost o f $15,257,731) were on January 1,1893
H is t o r y , L eases , &c .—Reorganized under existing title September
held alive and drawing interest for account of the various sinking funds.’
1,1877. In February, 1889, absorbed the Chicago & Indiana Coal Rail
B onds .—’T he Iowa Division bonds cover the main line in Iow a from way, placing its stock in trust for benefit of Chic. & East. Illinois stock
Burlington to East Plattsmouth on the Mo. River, 279 miles, and 16 holders, and in May, 1892, leased the road for 999 years, guaran
branches, 511 miles. Tliese Iowa bonds have a sinking fund teeing its bonds. Also owns control of Evansv. Terre Haute & Chicago
*of 1*2 per cent ($203,800) yearly, for
which the 4s are RR. and$1,000,000 stock of the Chicago & Western Indiana—which see.
subject to call at 100, the 5s at 105. The Den ver Extension bonds are
In January, 1890, a ten-year traffic contract was made with the
►secured by deposit with the trustee of first mortgage 5 per cent bouds Evansville & Terre Haute for the operation of a through line between
(limited to $20,000 per mile ol main track and $10,000 per mile of sec Chicago and Evansville, and in December, 1892, a still closer contract
ond track) upon about 400 miles of road, representing live different was made for operating the roads as one line. V. 55, p. 995.
SiRes, o f which the most important is that from Colorado State line
C a p it a l St o c k .—The common stock is entitled to all surplus after 6
westerly to Denver, 175 miles. They have a sinking fund of 1 percent
per cent on the preferred stock.
fo r which they are subject to call at 100.
D iv id e n d s since 1881—Ou common, in 1882, 3 per cent; in 1886, 5;
The collateral trust Nebraska extension bonds of 1887(N e w England
Trust Co., o f Massachusetts, trustee) are issued at $20,000 per mile for in 1887, 6; none since. On new preferred in 18S8, 7^*; iu 1889, 6; in
single track and $10,000 per mile additional for second track. See 1890, December, 6 in preferred stock; in 1891, 4^3 cash; in 1892, 6; in
1893, January, 1L>; April, l^ j (quar.)
.abstract of mortgage in V. 45, p. 441.
The5 p r cent debentures of 1890 and 1892 are convertible into stock
B onds , G u a r an t ie s , &c.—The Chicago & Eastern Illinois guaran
a t any tune prior to December 1. 1902, except when books are closed. tees the interest on Evansville Terre Haute & Chicago, issues (see that
S ee terms o f conversion ou page 2 of the S u p ple m e n t for March, 1893 company) and interest ou $150,000 Indiana Block Coal 1st 7s.
1889.
$669,478
159,810
823,495
1,407,712
38,059
1890.
$652,411
184,271
816,161
1,407,560
189,227
1891.
$674,722
200,220
810,387
1,407,560
88,742
RAILROAD
M a y , 1888. J
STOCKS AxND
BONDS
M
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PERCY JC.
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Lochlel
Milford
5 W A N IN G T O N
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INDIANA I
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Paducah
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INVESTORS’
S3
SUPPLEMENT
[VOL. L V I.
S u b s c rib e r* w i l l c o n fe r a g re a t fa v o r b y giv in g: im m e d ia te n o tice o f a n y e r r o r d is c o v e re d in these T a b le s ,
RAILRO AD S.
ou first page of tables.
Chicago d Eastern Illin o is —( Continued)—
1st mort. (s. f. $20,000, no drawings)................cA
Danville & Grape Creek RR.—1st M., assumed., o*
Extension, 1st mortgage................................. o*
Consol, mortgage (fo r $6,000,000),gold s. f ...... o*
Collateral trust bonds, sinking fund................o+
Bonds—Princi
IN TE R E S T OF DIVIDENDS.
Mile s Date Size, or
pal,^When Due,
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
of
Cent. Payable
Road. Bonds Value.
Whom.
Dividend.
107
7
15
221
1877 $100&c.
1,000
1880
1,000
1881
1,000
1884
1,000
1887
1887 1,000Ac
1,000
1886
$2,989,000
119,000
103,000
2,788,000
42,000
6,447,000
4,587,000
100,000
1,000
12,000,000
1,000Ac 10,000,000
300,000
l.ooo
(1)
100
6,600,000
500Ac.
$558,000
£100 Ac $5,442,000
l.OOOAe $6,000,000
221
174
Cbie.A Ind.Coal—1st M. $25,000 p.m.,guar.p«fci.c’
Chicago d Erie—Stock (all held by E rie)...............
1st M., gold, interest guar, till principal is paid, .o’ 249 1890
Income bonds for $10,000,000 non-cumulative .. 249 1890
Terminal 1st mort., gold, int. 4 p.c. till July, 1893. __
1888
1891
Chicago Fort Madison d DesMoines—1st mortgage.
Chicago & Grand Trunk—Stock...............................
66 1880
Northwest Grand Trunk., 1st mortgage...............
327 1880
1st mortgage for $(>,000,000, gold........................
2d mortgage, $ and £ ......................................c«fcr 327 1881
327 1893
3d mortgage for $0.000,000..................................
100
Ch. Ot. Western—Deben. stk. $15,000,000 gu. 4 p.c.
100
Prcf. stock A, 5 per cent, gold, $15,000,000.......
100
Pref. stock B, 4 per cent $10,000,000..................
100
Common stock, $30,000,000...............................
Chicago Great West. System—Chic. S t.P .d K . City—
100
Chic. St, P. & Kan. City—Stock............................
815 1889
Priority loan, sterling, redeemable at 105.......
1,000
Minn. & Northwest. 1st M.,g., $20,000 p. m..o* 515 1884
1,000
Ch. St. P. & K. C.lstM.,g., (red.Jan., 1896).c*<fcr 815 1886
General mort. gold (1st coup, due Jan. 1, ’ 93). 815 1889 lOOO&e.
Income b’ds (conv. into 5 p. c. pref. stock ),... __
1888 100 Ac.
Equipment lease warrants............................
Chic. June. Rys. d Un. Stk. Yard— See M isc ellan EOUS Co Ml'A NIE8.
Chic.Kalamazoo & Saginaw—Stock ($2,000,000 an.)
__
100
45
The general consolidated mortgage of 1887 (trustee, Central Trust
Company) provides for the retirement o f $6,042,000 prior bonds and
for issue of bonds on new road at $18,000 per mile for single track,
$7,000 per mile for equipment and $8,000 per mile for double track.
Chicago & Indiana Coal tirst mortgage of 1886 (trustees, Metropolitan
Trust 'Company and R. B. F. Pierce) is for $1,000,000 on road from
Yeddo to Brazil and $25,000 per mile ($7,000 of this for equipment)
for extensions; second track, $8,000 per mile. The bonds are guaran
teed principal and interest under the lease. (Y. 54, p. 964.)
G e n e r a l F in an c es .—This road has a considerable coal traffic. In
December, 1892, were issued $1,007,000 general consols for double
track, equipment, etc.
L atest E a r n in g s .—July 1 to Mar. 31,1893 (9 months), gross $3,394,690, against $2,837,617; net, about $1,237,893, against $1,102,740.
From July 1,1892, to December 31,1892 (6 months), results were:
July 1 to Dec. 31— Gross.
Net.
Fixed charges. Surplus.
1892...................... $2,326,544
$916,022
$629,156
$286,866
1891...................... 1,904,060
808,179
571,137
237,042
A n n u a l R e po r t .—Fiscal year ends June 30. Annual meeting is held
in Chicago on the first Wednesday in June. The annual report for
1891-92 was in Y. 56, p. 81, and stated that “ more than $300,000 were
expended on road and equipment and charged to operating expenses
dining year over and above ordinary repairs,” and that in 1892-93 a
further $300,000 for like expenses must be charged to same account.
Year end. June 30.
1889.
1890.
1891.
1892.
Gross earnings......... $2,719,932 $2,911,723 $3,567,195 $3,775,546
Oper. exp. & ta x es... 1,724,547
1,731,369
1,946,499
2,503,523
N et earn in gs......... $995,385 $1,180,354 $1,620,696 $1,272,023
N et (incl.oth. income).$1,000,398 $1,212,346 $1,660,279 $1,340,987
Interest p a id ............ $724,550
$771,514
$769,904
$837,340
Rentals.....................
222,118
200,061
204,226
210,655
Div. on pref. stock.. (6%)267,912 (3%)133,956 (6^)275,949 (62)283,986
Balance................ def. $214,182 sr.$106,815 sr.$410,198 sur. $9,006
—(V. 53, p. 407, 4 7 3 } Y. 54, p. 276, 964, 995,1110; V. 56, p. 81, 578.)
C h ic a g o & E r i e , —Owns from Marion, Ohio, to Hammond, Ind.
249 miles, and leases trackage over Chicago & Western Indiana to
Chicago, 20 miles. Connecting line for the N ew York Lake Erie &
Western and the New York Pennsylvania & Ohio to Chicago.
H is t o r y a n d Sto c k .—Reorganization of Chic. & Atlantic, sold in
foreclosure Aug. 12,1890. The N. Y. Lake Erie & West, owns the entire
■took o f $100,000. See reorganization plan in V. 44, p. 369.
B onds .—The first mortgage (trustees Central Trust Co. and Edward
Daniels) bore 4 per cent mterest till May 1, 1892, and thereafter
5p. ct. This interest is guaranteed by Erie. See V . 56, p. 695. Both
the first and the income mortgage cover 249 miles o f road, the
contract with the Chicago & Western Indiana, $1,000,000 o f that com
pany’s stock and $240,000 stock o f the Chicago Belt Railway. See full
abstracts of mortgages in V. 51, p. 911 to 913. See also V. 54, p. 203.
A certain percentage of the gross earnings is each year to be applied,
first, to payment of interest on the first mortgage bonds, second to the
payment o f interest on the incomes. I f the gross earnings in any year
amount to $2,250,000 or lees, then this percentage is to be 2 2 ^ per
cent; if to moro than n2,250,000 and less than $2,750,000, then 25 per
cent; if to $2,750,000 or more, and less than $3,250,000, then 2 7^ per
cent; if to $3,250,000 or more, then 29 per cent. In case the percentage
of gross earnings is not sufficient to meet interest on the first mortgage
bonds and the Erie has to make up the deficiency, then the amount of
such deficiency, with interest at 5 per cent, is payable to Erie in subse
quent years prior to the payment of interest on the income bonds.
Interest on the incomes has been paid as follo w s: For year 1890-91,
none; for 1891-92, 3 per cent, payable October 1.
LATE6T E ar n in g s .—From Jan. 1 to Mar. 31, 1893 (3 months), gross
earnings were $752,642, against $728,879 in 1892.
Gross earnings for the year ending June 30, 1892, (the fiscal year of
thecompany), w ere $2,886,583, 27*2 per cent of which was applicable
for interest on bonds, equal to interest on tirst mortgage bonds, and 3
per cent Interest on the income bonds, payable Oct. 1,1892. See V.
55, p. 941. For ten months to June 30,1891, gross, $2,159,430. (V
62, p. 428, 498; V. 53 p, 795; V. 54, p. 203; V. 55. p. 331, 941.)
6
J. A D.
6
M. A N.
6
J. & D.
6 g. A. & O.
6 g. F. A A.
M. A N.
5
5
J. A J.
5 g.
5
4 to 5 g.
5
M. &
Oot.
J. &
J. &
N.Y.,4tli Nat.Bk.&Bost.
Boston. Globe Nat. Bk.
N. Y., Fourth Nat. Bank.
N. Y., Central Trust Co.
do
do
do
do
N. Y „ Met. Trust Co.
Dec.
May
Deo.
Oct.
Feb.
Nov.
Jan.
1,
1,
l,
1,
1,
1,
1,
1907"
1924
1981
1934
19121
1937
1936
N.
N. V. L. E. & W.
May 1, 1982.
1.
N. Y.,when earned.
Oct. 1, 1982
J. N.Y.,Drexel,Morg. A Co. July, 1918
J. Boat., Am. Loan ATr.Co.
1911
6
J. & J. ( N. Y. Agency, Bk. of Jan. 1, 1910
6 g. J. & J. ^ Montreal ALondon. Jan. 1, 19005
J. A J.
do
do
Jan., 1922
9,052,000 4 per an. J. & J. London, Robt. Benson.
10,S63,400
do
do
7,441,310
19,630,995
14,892,900
2,823,150
9,628,000
9,326,000
4,886,000
4.981,700
1,524,313
5
5
5
4
5
7
See text.
....
g.
g.
g.
g.
J.
J.
J.
J.
J.
&
&
&
&
&
J. N. Y .,Lon. & Am sterdam
J.
See remarks.
J.
do
J. No inter’st due till 1893.
J.
None paid.
Jan. 15, 1893-
Jan. 1, 1934
July 1, 1934
July 1, 193&
Jan. 1, 1989
July 1, 19361893-1901
__
C h ic a g o G r e a t W e s t e r n .—(See M ap.)—Or g a n iz a t io n —Ineorpor
ated under laws of Illinois in January, 1892, to facilitate reorganiza
tion of the capital accounts o f the i hicago St. Paul A Kansas < ity Ry.
Co. It is authorized to issue (1) $15,000,000 of 4 per cent debenture
stock, interest payable January aud July in gold; (2) $15,000,000 o f 5
per cent preferred stock “ A ,” dividend contingent upon earnings,
payable half-yearly in gold; (3) $10,000,000 of 4 per cent preferred
stock “ B,” dividend contingent upon earnings, and (4) $30,000,000
common stock,
E x c h an g e of Se c u r it ie s .—Under the plan in V. 55, p. 856 the fol
lowing amounts of Ch. S. P. A K. C. securities had been deposited prior
to A p ril 24,1893, in exchange for Chic. Gt. Western stocks. Slock,
$14,118,850; first mortgage bonds, $17,853,000; general mortgage,
$4,841,000; incomes, $4,047,000.
The Chicago Great Western Company assumed the equipment lease
warrants and the priority loan, and offered.
a. To holders o f Minnesota A N . W. andCh. S t.P.A K.C. first mortgage—
$500 debenture 4 per cent stock (interest from July 1, 1892), and $600of 5 per cent preferred stock *-A ” (dividend from July 1, 1892.)
b. To holders of general m ortgage bonds for each $1,000 bond having:
January, 1893, coupon on, $1,000 of 4 per cent preferred stock “ B \
c. To holders o f incomes and stock, on payment o f a 10 per cent assess
ment, a certain amount of preferred stock “ B ” and common stock.
To those not paying assessment a certain amount of common stock..
N e w Se c u r it ie s .—Securities to be outstanding under the plan were—
Equip, lease warrants.$1,723,430 Preferred stock “ A ” ..$11,372,400
Priority loan................ 2,823,150 Preferred stock “ B ” . s,842,920
Debenture stock.......... 11,477,000 Common stock........... 24,676,300
From assessments and sale at 85 o f $2,000,000 debenture stock
(here included) there was to be available fo r improvements, etc.,
$3,678,460.
'
Holders o f debenture and preferred A stock appoints “ the finance
committee o f the company,” which exercise general supervision of
finances. Upon default in payment of interest on the debenture stock
or of dividends, i f earned, ou preferred A, holders o f said securities will
have the sole right through the finance committee and a receiver for
them appointed to direct the management o f the property.
Additional securities o f said issues can be put out, but only with
consent of a m ajority of both said classes o f stock present at a
meeting. Securities o f other issues to have a lien prior to preferred
A can be created only with consent of two-thirds of both classes.
The several classes in case o f liquidation w ill have principal paid in >
gold, according to their priority right to dividends. A deed of the
property to the Manhattan Trust Co. secures the rights of the deben
ture and preferred A stockholders in respeot to dividends.
D iv id e n d s .—On preferred A i n 1893 dividend was to be paid but
legal matters prevented.
E a r n in g s .—For half-year ending Dec. 31,1892, gross earnings were
$2,911,748; net, $760,664; taxes (e s tj, $54,000; rentals, $190,985; in
terest on priority loan, rolling stock warrants, and threo-year notes,.
$135,033; balance for stocks, $380,645; interest on debenture stock,
$189,540; dividend on pref. “ A ,” $190,688; balance, surplus, $417.
—(V. 54. p. 159, 367, 525, 720, 887, 923, 964; V. 55, p. 145, 638, 765,.
856; V. 56, p. 700.)
*
C h ic a g o G r e a t W e s t e r n S y s te m .—C h ic a g o St# P a n l &
K a n s a s C it y .—( See M ap.)—R oad — Owns main lines (all steel)
Chicago to 8t. Paul and St. Joseph, 690 miles; Hayfield to Manley
Junction, 47 m iles; branches—Summer to Hampton, 64 m iles; to com
mines, Ac., in Iowa, 10^ miles; other, 4 m iles; total owned, 815^
miles; and leases—St. Paul to Minneapolis, lO 1 miles; Cliieago terminals,
^
10 m iles; Dubuque to Aitken, 16 miles; Des Moines terminals, 2*70’
miles; St. Joseph to Kansas City, 67% m iles; total leased, 10^
miles. Total operated, 922^ miles.
H is t o r y , L ease , E tc .—The Chicago St. Paul & Kansas City was or
ganized in May, 1886, and in December, 1887, amalgamated with
Minnesota A Northwestern, chartered in 1854. First mortgage coupons
due from Jan. 1,1890, to July 1, 1892, both inclusive, were funded into
priority loan for $2,823,150. On July 1, 1892, leased to Chicago Great
Western in furtherance o f a reorganization plan. See Cliieago Great
\ estern above and V. 55, p. 856. Three-year notes, $120,000.
\
L atest E a r n in g s .—From July 1 to Apr. 30,1892 (10 months), gros?
earnings (estimated) were $4,188,918, against $4,252,839 in 1891-92.
A n n u a l R epi > t .—Fiscal year ends June 30. Report fo r 1891-92 was
r
in Ch ro nicle V. 55, p. 638.
Year ending June 30.
1890.
1891.
1892.
Average mileage owned and oper’ d
845
887
922
Total gross earnings..................... $4,225,665 $4,360,851 $5,024,74t Operating expenses, insur., A c ___ 3,178,886
3,285,340 3,664.677
C h ic a g o F o r t M a d is o n & D e s M o in e s . —Road completed
from Fort Madison to Ottumwa, la., 72 miles, in December, 1892.
Capital stock June 30, 1892—authorized, $5,000,000; outstanding.
$1,250,000; par, $100.
C h ic a g o Sc G r a n d T r u n k . —Owns from P ort Huron, Mich., to
Elsdon, 327 miles; leases Grand Trunk Junction Railroad, 4 miles,and
operates 5 miles Chi. & West, Ind. trackage; total, 335 miles. Stock,
N et income............................ $1,046,779 $1,075,511 $1,360,063
$6,600,000 m $100 shares. Controlled by the Grand Trunk of Canada,
In year 1891-92 net income as above was $1,360,063; taxes paid,
which gives a traffic guarantee of 30 per cent of gross earnings. Third $100,000; rentals, $477,038 ; interest, $128,816.
mortgage for $6,000,000 was authorized in April, 1893.
A. B. Stickney is Chairman of the Board; J. M. Egan, President; W.
From January 1 to Mar. 31 in 1893 (3 months), gross earnings were L. Boyle, Vice-President. N ew York office, 47 W all Street.
£172,573, against £204,626 in 1892; net, £17,054, against £48,011.
C h ic a g o K a l a m a z o o Sc S a g l it a w . —Under construction from
Tn 1892, gross earnings, £773,459; net, £168,253, against £174,590; Kalsmazoo, Mich., to Saginaw, M idi., 125 miles, of which 45 miles*.
deficit after charges, £7,585, against surplus in 1891 of £8,222. (V. 56. Kalamazoo to Woodburg, in operation. In February, 1893, no securi*
p. 621.)
ties were outstanding.
KAILKOAD STOCKS AND BONDS.
M a y 1888.]
33
M A P OF TH E
C HIC A G O G R E A T W E S T E R N
OPER ATING
2
TH E
CHICAGO, ST. PAUL @
KANSAS CITY RAILWAY
lu m e l
K. P. Jane
Marque!
A siilan(3 .J n
u>
Middle
River
i
bGordon
B rtinei
/
S ta zu b a u g h
Butternut
•yaltoa
Grant shurg
'superior
Chicago Ja ^
Rhinelander
Philip*
jp ld a
?C a n ih r id g e
Monico
MontlreUo*
Merrill
A b o tw fo rd
O r a n Co
.Eland
Xcw^ondoi
iRaplU*^^.
[wood Jl
Cryauj
omab
ilk h o n ii
Beloit]
[4Tc fiftnO^uTT
1*0 N8
W
E ld o n
.Toledo
Fulton
bXrwt'iirgh^^ ,
Xtirlnnel
T.l '•'<!
/ C *}
JolletP
P M i. A 3C. Jc.
*
qma
S.l>rw^iharun
by tljN
’« heart o f tl
irfleld
> c n o * l T<
Centre V\
[raffcdd
'a r m d a l
i u _h
'Keokl
CUt
[’hampnlyn.
' 1:1•-‘ !
. 1'
Ajulnry
JOSEPH
O e c a ti
‘ajlor V
Wl.lt. l/all
•He City %
•
AVEKWOR
Central!
W r, y
Toet*A
fexlco
Green
W a r t e n »T.in
G ilm o r e
Mutt *on
*
IN V E S T O R S ’
SU PPLEM ENT.
[^ ol. LVI,
M a y . lH 3.i
RAILROAD
STOCKS AND
BOtfDS
93
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In tlie s e T a b le s .
Bo »id^—P rin ci
IN TE RE ST OR DIVIDENDS.
RAILRO AD S.
Mile* Date Slie, or
pal, When Due
Amount
of
When
Par
able,
For explanation of eolumn headings, Ac., see notes of
Outstanding 'Rate per Payable Where l'n\ 10m. and by Stocks—Last
Road. Bond* Value.
Cent.
on first page o f table*.
Dividend.
100 #46.027.261 See text. A. *fc 0. N. Y.. Office 42 W all 8t. Apr. 19,18 9 *
Okifnao Milwaukee < St. P a u l—Oomiuon stock
4
100 25,767.900 i7 per an A. & O.
do
do
Apr. 19, 1893
Preferred *tock 7 per cent yearly, not cumulative. . .. .
3.012,000
do
1,000
do
7
J. A j .
July 1. 1897
Iowa A Minn, l i t M. convert. Into pf. stock , a* 230 1867
3,674,iK)0
1,000
do
do
Feb. 1. 1898
8
F. & A.
Prairie du Chlen 1st M. (MIL to Pr. du Chlen).e* 195 1868
1,000
7*3
F. A -A.
do
do
2d mortgage, convertible Into pref. stock . .c* 195 1863
1,233,000
Feb. 1. 1898
do
Iowa A Dakota 1*t M.. conv. into pref. stock ,‘ c 126 1369
1.000
540,000
7
J. A j .
do
July 1. 1899
RtverDtv. lS t-P .i(' i IstM . con. Intopf.Mk.g c* 130 1872
9A £
3,804,500
7 g. J. A j . Loudon and New York. Jan. 1. 1902
85 1873
1.000
2,393.000
Chic. A Mil. 1st mort. (conv. into pref. stock c7
J. A J. N\
Office. 42 Wall 8t. Jan. 1. 1903
do
. ...
do
1874
186.000
7
IJ. A J.
1904
Chle. MIL A St. P prior lien consols, convert--1.000 11,299,000
do
do
Ch- MIL A 8 t. P. consol. M.,eonv. intopf. stock.c* 1,435 1875
7
J. A j .
July 1. 1905
1,000
do
do
I.AD.Ext-lstM.i#15.000p.m.icon.lntopf.st'k c
234 1878
3.505,000
7
J. A j.
July 1. 1908
4.000.000
do
8 U I>lv. 1st mortgage Western Union RR c* 212 1879
1.000
do
6
!J. A J.
July 1. 1909
1.000
do
do
Jan. 1. 1910
go. Minnesota Dlv. 1st mortgage................... c"
7.432,000
6
J. A J.
1111 1880
1.000
do
Mineral Point Division 1st m ortgage............e'
142 1880
2,840,000
do
July 1. 1910
5
J. A j .
6,670.000
do
do
Hast-A-Dak.I>lv.,extens. l*tM igl.7,000p.ni.lc" 39.5 1880-6 1.000
7 A 5 !J. A j .
Jan. 1. 1910
do
Lacro**e A Dav. Div. lat m ortgage...............o*
185 1879
1,000
2,500.000
A j.
do
July 1, 1919
5
500
Wisconsin Valley RK. Co. l* t mortgage........ c ’
107 1879
1,100.500
7
'J. A j . Boston. Loe Higcinson. Jan. 1, 1909
2,366,000
Wta. V
raL D lv .I*t M. of 18^0, *. f., not drin c '
1.000
161 1880
6
J. A J. N. Y. Office. 42 W all St. July 1. 1920
do
Dub. DlT.(Ch.CLD A M .ils tM . s. I .notapn o’ 372 1880
1.000
6,565,000
6
jj. A j .
do
July 1. 1920
do
Chle. A Pac. Dlv. 1st M (Chic, to Mis*. R lvl. c* 120 1880
1.000
3,000,000
do
6
J. A j .
Jan. 1. 1910
1,000 25,340.000
do
do
Western Dlv. 1st M „ #20,000 per in., gold ,e* 1,267 1881
Jan. 1. 1921
5 K- J. A j .
Chic. A Lake Superior Dlv. 1st mort.. prold e '
68 1881
1.000
1,360,000
do
do
July 1. 1921
5 g. J. A j .
Wl*. A Minn. Dlv. 1>t M. (#20,000 p. in.) cold
230 1881
4.7.55,000
do
do
1,000
July 1. 1921
5 g. J. A j
Fargo A Boutheru lat mort .gold. a*Mum«d.........
1.250.000
do
119 1883
1.000
do
Jan. 1, 1924
6 g. J. A j.
Ch MIL A St. P. Terminal mortiraxe, gold ....... V
l.ooo
4,748,000
do
do
1884
July 1, 191*
5 K- J. A j.
Dakota A Gt. gouth n 1st M i#lS,(XXiperin.ikold. 159 1886
1.000
2,856,000
do
Jan. 1, 1916
do
1 If. J. A J.
Chic. A Mo RJv. Dlv. Utm ort. '$20,000p. m.) .c* 114 1886
1.000
5
J. A J
do
do
3,083,000
July 1, 1920
5
!J. A j .
do
Inc. M.,convert., a. f. $*o.ono yearly (dr at 105>c'
525 1886
1.000
1,680.000
do
Jan. 1. 1916
Gen. mort (for #150,000.0001. *old Series A . c 'ir
All. 1899 looOAc. 14,629,000
do
do
| May 1. 1989
4 g. J. A j .
394.000
0\ir. d SortA. J a r.-C b . A Gt. West. 1st M if.ln tx u e '
10 1336
1,000
5 g. jj. A I) N. Y.. Office 36 Wall 8t- June 1, 1936
1,000 25.348.000
First mort. for #30,000.00<J. gold, InL guar.CAT 65i* 1890
5 if. A. A O. N.Y.,London,Berlln.«fcc. April 1, 1940
C h ic a g o M ilw a u k e e A St. P a u l . —/See Hap. )—LINK o r R o»D
—The company operate* a great consolidated system o f railroads In
minoU. Wisconsin. Minnesota, Iowa and Dakota, which are well shown
on the accompanying map. The main through line* are from Chicago to
Milwaukee, #& miles; Milwaukee to ML Paul A Minneapolis, via La Crosse,
341 miles ; Milwaukee to Prairie da Chlen, 194 m iles; MrfSregor loppu•lie Prairie du Chleni to Chamherlln. Dak., on the Missouri River, 442
mile* i Chicago, via Savanna, on the Mississippi River, to Council Bluffs,
Iowa. 487 miles; Marlon. Iowa inear Cedar Rapids). to Kansas City.
305 miles; Minneapolis to Aberdeen. Dak., 288 miles; trackage. 02.
Total miles operated. June 30. 1892, .1,783. Second aad third Cracks
and connections, 181 miles. Also owns the entire stock o f the Mllwatikee A Northern HR. Co., bat operate* It separately. See that company
HMTOkT. Ac.—The Milwaukee A St. Paul RR. Co. was organised May
3,1863. and on Feb. 11, 1874. look Its present name. The system has
since been greatly extended by the construction and acquisition of
other line*. The stock of the Milwaukee k Northern was acquired In
September, 1890. In exchange for common stock.
Cs m t s l (fro ck a —The preferred stock ha* a prior right over the
common stock to a dividend o f not over 7 per cent from net earnings in
each year, but If not earned It ha* no cumulative right. A fter payment
j f 7 percent on preferred and 7 on common, both classes share pro rota.
Common stork authorised, #47.062.560. Preferred stock on July 1,
1892. wsa 824.364.900, sod It ha* been Increased to present figure* by
exchange of convertible hood* for stock.
DlTtonvn* since 1878—On common In 1879. 2 1 per cent: from 1880
*
to 1884. Inclusive. 7 ; In 1885, 4 ; In 1886 and 1887.5; In 1888. 2><;
then none till 1892, when 2 per cent was paid Oct. 20; In 1893, April,
2pcrc*at- On preferred from 1879 to 1887 ln closlve.7; In 1888.6;
la 1889,419; from April, 1890. to April, 1893, 7 per cent per annum.
Erp+nMts—
Maintenance o f w a y.......
Maint. car* and engine* .
Transportation.......... • . . .
T a x e*».............................
MUcellaneou*..................
1889-90.
#3,119,714
2.639,849
10.388.382
830,046
195.106
1891-92.
#4.235,51*
3.884.373
11.515.811
933,148
246.158
#17.173.097
$9,232,610
♦65*041
220.025
#18.366,500
#9,137.724
1
66-78)
418,425
#20,815.004
$11,468,50$.
(64*48'
237,354
$9,452,035
Total net Income ......
Interest on debt ............
7.214.155
Dividend* on pref. *U»ck
(Oi 1.296,828
Miscellaneous..................
I
1890-91.
$3,763,983
2.787,924
10.714,471
857,900
242.214
#9.556.149
7.237,251
(7) 1.532,152
84.217
#11.705.859
7.161,736
(711,572,612:
112.41 A
Total expenses____. ..
Net earn in g*...................
Paret. of op. exp. to earns
Other In c o m e ................
#8.510.983
#8.853.621
#8.840.762
Total disbursements..
2.859.096
Surplus............................
941.052
702.528
O C IU IL B IU K C I JCPK 30.
A iw t»—
1891.
1890.
1893.
1 Road and equipment ...... #195.631,301 #189,624.728 $191,544,853
1,233.388
Ronds and stocks owned.
7.337,244
7,419,241
|Due from agenta. A c .......
214,9.57
256.914
232.972
I Due from u. S. Oovrrnra't
276.251
256.100
247.858
Material* and fuel ..........
2,407,369
2.313.223
2.3853X12
5.692.000
Bonds o f comp'y on hand.
2.178.000
•,996.000
2,961,930
3.493,760
4.043.530
I Cash ...............................
MUcellaneou*..................
1.449.498
2,026,284
. 4.770
|
Total M *cU .............. $196,324,301
*211,020,441 *211.882,52*
LimHUtim
Stock, common ............... *39,868,961
*46,027,261
$40,027,261
Block. preferred................
21,839,900
22,198,90«
24,364.900
Funded debt................... 12.5.69.3,000
129.797.000
129.195.000
Pay-roll*. Toucher*, A c ...
2.880,278
2,786,778
2,722,549
! Intercat accrued, not clue.
3,529,492
3..546.T75
3 486.339
Isoana and bills payable...
...........
3,477,228
...........
Mlacellancou*..................
93,1.56
91,646
217.269
Income account...............
2,419,514
3,094,863
7,869.209
P a irs o r 9 tv> k .—Common stock—In 1883. o n » » 10n%; In 1884.
c
18<*894Vs; In 1881. 64 * 099; In 1886. -2SA 9V ; la 1887. 6 9 *0 9 1 ;
In 1*88, 59% • 78: In 18h« . 00% , 75%; in 1890.44 0 7 9 *; la 1 89 1,1 0*
• B * In 1 8 9 2 .7 1 *0 8 4 *; In 1893. to May 19, Inclusive, 6 6 * 0 8 3 * .
Preferred stock—In 1883, 1 1 3 0 1 2 2 *; In 1 88 4 ,9 5 *0 1 1 9 ; In 1881,
1020125- in 1886. 1 1 6 0 1 2 5 *: In 1887. 1 1 0 0 1 2 7 *; In 1 8 8 8 .9 8 *0
117; In 1889.970118; In 1890. 9 9 * 0 1 2 3 * : in 1891. 105 * 0123%:
In 1892.1 1 9 * 0 1 2 8 % ; in 1893. to May 19.1
actual ve. 1150126.
Bovds . Abstracts o f some o f the principal mortgages were pub
Total liabilities...........*196,324.301
$211,020,441 $211,882,528
lished in the C n n s i n t , V. 45. pp. 81,114. 144.212, ami V. 48. p. 830.
The eowsolldaud mortgage hood* of 1875. o f which enough are - (6 2 . p. 41. 427; V. 53, p. 125. 157. 200. 222. 2 8 8 , 2911 V. 54, p. 443:
reserved to lake up the prior binds, may be stamps. 1 and discharged T. .55, p. 215, 392. 4 19. 422, 1077; V. 56, p. 42, 331.1
from the staking fund provisions. The mortgage provide* that the conC h ic a g o
A
N o rth e rn
P a r I lie .—/Sr* Jla p )—OkOA)Vt£ATIO)f»
net*. which by ih rlr terms sre payable la currency, shall be paid prin P r o p k r t t O w **n . Etc —Thin company waa organized it* 4889 in tho
cipal aad Interest in gold coin In caw. the U. 8. shall at any time tntaraal o f the Northern Pacific Railroad to acquire th* Important
Increase "t h e present lawful money commonly called legal ten terminal property at Okie*go owned by the Chicago 4c Om ni Western,
ders " to an amount exceeding #4<«>.oo6.o<n)
Ac. The property covered by the mortgage Include* the follow ing:
The following bonds are rone* ruble into preferred e'oek at any time .332 acre* (46 acre* In the heart o f the city), with 6 5 mile* o f track in
within ten day* after a dividend shad have been declared and become operation; also a freight house with a capacity o f 80,000 square feet;
payable on the preferred : Iow a A Minnesota 7*. due 1897. Prairie du a new passenger station, which with it* apnurtenaueee U valued at
(Mien 24s, Iowa A Dakota 7s. lo w * A Dakota Kxtenslou 7*. R iver *1,.500,000. be«lde* valuable atreet ana dock frontage on the Uhlcajri*Division 7s, Chicago A Milwaukee 7* of 1903, Hasting A Dakota 7* o f River, round bmiaca, etc. The company la nUo the owner by purchase
1903 aad Ch. MH. A 8t- P. consols o f 1875. The consols o f 1874 also o f a nurbnrban line running from 40th Htreet In Chicago, through five
see convertible Into preferred within 15 day* after dividend .lay. The poimlotia town*, a distance of 9 mile*, and Oct. 7, 1892, completed a
convertible bonds were fully described in 8 i r n . x x . v r for M ar.'93, p. 2. line southerly from Chicago to a connection with the <T
l»Ioago A ruin
Terminal bonds o f 1884 cover property In Chicago and Milwaukee met Terminal at Blue Island. 8ec full atatement in V. 55, p. 58: also p.
•object to the lien of the general mortgage on part o f the track and 682. The Chicago 4c Calumet Terminal Railway, extending from Haro
terminals; but they cover also other property quite detached. On roond, Ind.. via Bine Inland and Worth to l a Orange, 33 mile* of track
the “ Ineome " bonds of 1896 payment of Interest l* now obligatory. In all. croaalng 26 line* o f railroad entering Chicago ha* alao been ac
“ >ey a n convertible Into common stock within flo days after any quired by Northern Pacific In the Interest o f this company, .statement
mvtdand day. and have a sinking fund o f 4 per cent. 6* 0,000 of them a* to the property In Feb.. 1893. waa In V. .56, p. .363.
being drawn for payment yearly at 105. In addition to above bond*
L casr . It KMTa i„ E tc .—L eased to Wisconsin Central for 99 year*, and
there a n 689,000 Hastings A Dakota?*, du* Jan.. 1903, convertible
•ktopref Stock; 6 123.18si Minnesota Central 7*. due July 1. 1814: lea*e a**nmed by Northern Pacific, rental net earning*, and In addition-,
thereto $350,000 per annum, payable In gold. If these together do not
*•** *225.000 5 per cent real estate mortgages due In 1804.
Tim general gold mortgage of 1889 for 6110.000,000 was fully de suffice to pay interact on boadiL rental* aad organisation expense*. the
ahall make ni> the deficiency, but advance* *o made ahall be*
scribed In the C m n s tf i.r. V. 48. p. .830; see also V. 50. p. 205. The j I
repaid, with Internal at 5 per cent, out of future earning*. See abstract
Catted Mates Trust On. o f New York Is trustee.
o f leaae In V. 52, n. 468. The Baltimore A Ohio uae* thla oompany'a
® D s x u . Presents, Ac.—A considerable amount of the stock Is held terminate under a !•'«*«• < r contract which It la aald will yield "\f>r
>
by parties also Interested In the Chicago A Northwestern, so that the $400,000 per annum rental Other tenant* are the Chicago HL Paul A
two roads a n operated as a rale In harmony. 18 vide ml* on common Ken* a * City.
*">rh were resumed In October, 1892. after having 'wen suspended
Boffbe a m d S t o c k . — There I* a purchase money mortgage to the City
since 1888. Lacrosse Dtr. 7* for 61.218,000 went paid lit maturity
,.an- 1 . 1893. Of the f 14,629,000 general 4s Issued #->,996,000 were In of Chicago for $650,000, bearing 5 p. c. and duo May 1, 1938. The eonaol. morL (trustee. Fanner** I/mn A T n i*t Co.) la for $30,000,00'
Of
the treasury July 1 . 1892. against 62,823,000 In February. 1893.
thla amount $18,850/100 wa* to nay for property .acquired; $65 .000
. ’i'TXST E* avisos. —July 1.1892, to Mar 31.1893 (9 month*!, gross. la reserved to retire mortgage to City o f Chicago; $399,000 to retb out
5 5 0 ^ . 24. ^ - 6 * 2 5 ,019.090 In 1Hill-92; net, $8,900,698, against standing bond* o f Chicago a Great Weetarn; $1,000,000 were uuth< IzeA
to be applied to any deficiency o f e a r n i n g * to meet Interest chargee,
/ear end* Jnn* .30. Annual meeting l« and have been to applied; and $9,101,000 were reserved for Improve
M A In Beptember Report for 189192 :
merit*, l»ettenne.nt*. rolling stock, etc. Hoe mortgage ab*tract V. 52*
In V. 53, p.
n. 405 ; also aee V 54, p. 1047. Block outstanding and authorised la
*.
Ml.
,_____ __ _
1889-90.
1890*91.
1891-92.
$30,000,000; (par, $100), o f which $15,010,000 1* owned by the Nor.
operated June 30 .
8 702
5,721
5.721
Pac. On Oct. 31. 1892, there wa* due the N. P. $376,398.
«amlnin».........
$5,9-1.639
8.277,774
*6.639.137
Fraim . . . , . .....................
18.337,009
E armiko *.—Jnly 1, 1892, to March 31, 1893 (9 months), gross*
9.012.159
2.3,241.421
eipre**, A c ..........
2.087,059
2.214.291
2,402,951 $1,076,255; operating expenses. $185,205 ; taxes, $27,478 ; balance,
net earning*, 9863,672. <V. 54, p. 1047, 1048; V. 55. p. 21. 58. 6 «2 ; V .
Total earning*
*26.406.707
*27,504.224
*32.28.3.508 50. p. 36.3, 463.)
?
3«
[Vol. LVI,
INVESTORS’ SUPPLEMENT.
-Washing!
t Jefferson
HARRISON.
GRAtfD CENTRn
■^ASSENGE
Vernon
— 'r P
r-f
“I f
c\
i
M
Enlarged Scale Map Showing the Chicago and
Northern Pacific’s Terminal and Grand
Central Passenger Station in Chioago.
1 Northern Pacific
W isconsin Central
B altim ore & Ohio
CM. St. Paul & Kan. Cy.
4 Chi. & North-W estern
5 Illin o is Central
Cleve. Cin. Chi. & St, L .
M ich igan Central
2 Chi. R o c k Island & Pacific
L a k e Shore & Mich. Son.
6 A tch . Top. & Santa F e
N e w Y o r k , Chi. & St. Louis
Chicago & Erie
3 Chicago & A lto n
Chi. Bu rlington & Q uincy
Chi. M ilw au kee & St. Pau l
P itts. Cin. Chi. & St. Louis
P itts . F t. W ay n e & Chicago
C h ica go & Eastern Til.
C h ica go & Grand T ran k
C h icago & W estern Ind.
Lou isv. N e w A lb. & Chi.
W abash R. R.
. COLUMBIAN
.CENTRA! '
M A P OP T H E
CHICAGO & NORTHERN PACIFIC RAILROAD
@ T E R M I N A L CONNECTIONS.
.Fork*
MAP OP THE
N
lU jT lI
CHICAGO & NORTH WESTERN
\
R A IL W A Y SYSTEM.
A
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STOCKS
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FR E M O N T, C LKM O R f
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M , 1893.]
at
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forth 1'l A i t c
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R * d C lo u d
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LN VESTORS’
3 *
SUPPLEMENT.
fV o u L V L
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
RAILRO AD S.
For explanation ot eolumu h ea d in g s, Ac.,
on first page of tables.
boo
notes
Chicago <t Northwestern—Common stock................
Preferred stock (7 p. c. yearly, not cumulative)..
PeninsularRR. 1st M.convertible (assumed).......
Chic. A N. Vf, consol, slnk.fund, m „ not drawn, .c"
Chic. A Mil. 1st M. Chicago to MU. (assumed).
Cedar Rapids A Missouri Ri v.—Bonds assumed.
lstm .2d . Div., MarshTtu to Dos. M. R iver,Ac
1st mort. 3d Div., Des. M. R iver to Mo. River
Mort. o f 1884, Ced. R. to DesM. R iver..........
Iow a Midl'd 1st M „ Lyons to Anamosa (assumed)
Madison extens. 1st M.,g. (B.f. $23,000, not (lr’n)
Menominee ext.lst M .,«. (s. f. $20,000, not dr'n,
Northwest. Union 1st M.,g.,Mil.to Fondolu-Lae.
Chic. A N. W. general consol. M., g., s. f., not dr’n
Menominee R iver 1st M., two sories (assumed)...
MU. A Mad. lstM ., Mil. to Madison (assumed) .o*
Chicago A Totnah 1st mort., guar, (assumed)... )
Chicago Milwaukee A N. W. construe, do
... 5
fiscanalia A Lake Superior RR. 1st M., (assumed).
Des Moines A Minn. 1st M.,Des M to Jewell Je.,Ac.
Ottumwa C.F. A St. P. 1st M.($25,000p.m.), gu..c‘
Northern Illinois 1st M. ($20,000p. m ile),guar..c‘
C.&N.W.s.f.b’ d sof '79($15,OOOp.m.)red.atl05.cAr
Iow a Div. 1st M. for $1,411,000 ($20,000 p.m.Jc*
Sinking fund debentures o f 1933 (not dr’n).o'Ar
Debenture bonds o f 1909 (for $6,000,000) .c*Ar
30-year debentures for $10,000,000...........c'A r
Extension 4s ($20,000 per m ile).................c*r
Other small issues (see remarks).........................
Winona A St. Peter 2d mortgage (now 1st) guar..
1st mortgage extens., gold,land grant,s.f.,guar.
Maple R iver 1st M., Br. to Mapleton, (assumed)..
Rock. ANo. Mlun. lstM.,gu.(assumed by. WASt.P.)
Roudo—Princi
IN TE R E S T OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
Par
of
Rate per When Where Payable, and by Stocks—Last
of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
4,250
4,250
108
788
85
1863
1865
1863
$100 $39,054,383 6 per an.
100 22,335,100 7 per an.
1,000
128,000
7
1,000 12,771,000
7
1,000
1,700,000
54 1863 500 Ac.
149 1866 500 Ac.
. ...
124 1884
1.000
71 1870
129 1871 500 Ac.
114 1871 500 Ac.
62 1872 500 &o.
1,058 1872 500Ae.
___
31 ’76-’80
82 1880
1,000
(1880
152 ( 1882
1,000
43 1881
1,000
57 1882
64 1884
1,000
1,000
75 1885
1,041 1879 1,000Ac
1,000
71 1891
1883 l,OOOAo
1884 l,000Ac
1891 l.OOOAc
1886 1,000Ac
139 1870-1 1,000
184 1871 100 Ac.
___
60 1877
24 1878
. ...
7
582,000
2,332,000
769,000
1,350,000
2,977,500
2,546,500
3,365,000
12,336,000
560,000
1,600,000
1,528,000
601,000
720,000
600,000
1,600,000
1,500,000
13,922,000
829,000
9,800,000
3,569,000
9,000,000
17,689,000
250,000
1,592,000
4,067,500
402,500
200,000
7
7
7
8
7 g.
7 g.
7 g7 g.
7
6
6
6
6
7
5
5
5 A 6
4*2
5
5
5
4
7
7
7 g.
7
7
J. A D. N.Y.,Co.’s Office,52 Wall
Q .-M .
do
do
M. A S.
do
do
Q .-F .
do
do
do
do
J. A J.
Dec. 28,1892
Moll. 23,1893
Sept. 1, 1898
Feb. 1, 1915
duly 1, 1898
F. A A.
M. A N.
J. A D.
A. A O.
A. A O.
J. A D.
M. A 8.
J. A D.
J. A J.
M. A S.
M. A N.
M. A N.
J. A J.
F. A A.
M. A 8.
M. A S.
A. A O.
A. A 0.
M. A N,
M. A N.
A 15 AO
F 15AA.
Various
M. A N.
J. A D.
J. A J.
M. A 8.
Feb. 1, 1894
M ay 1, 1916
June 1, 1909
Oct. 1, 1900
Apr. 1, 1911
June 1, 1911
June 1, 1917
Deo. 1, 1902
July 1, 1906
Sept. 1, 1905
Nov. 1, 1905
Nov. 1, 1905
July 1, 1901
Feb. 1, 1907
Mch. 1, 1909
Mch. 1, 1910
Oct. 1, 1929
Apr. 1, 1902
M ay 1, 1933
Nov. 1, 1909
Apr. 15, 1921
Aug. 15, 1926
Various, 1908
Nov. 1, 1907
Dec. 1, 1916
July 1, 1897
Sept. 1, 1908
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
C h ic a g o Ac N o r t h w e s t e r n . —(See M ap)—L is e of R oad —This
A n n u a l R e po rt .—Fiscal year ends M ay 31. The annual meeting Is
Company operates 4,273 miles of its own roads and controls Chi, ago held the first Thursday in June. The report for 1891-92 was in V. 55.
8t. Paul Minneapolis and Omaha (which see), 1,481 miles; Fremont Elk- p. 213, 217. See also article p. 199.
horn A Missouri Valley, 1,300 miles, and Sioux City A Pacific, 107
The surplus o f the year 1891-92 from operations was as follows:
miles; total owned and controlled, 7,161 miles. The main line from
Chicago to East- Omaha, la., is 492 miles, and this forms practically the From the Chicago A Northwestern Railway, $1,244,450; from the
Trans-Missouri lines, $1,136; from tho land department, $568,752;
Southern boundary o f the whole system. The Sioux City A Paciiio
and Fremont Elkhorn A Missouri Valley are operated separately total, $1,814,338, available for improvements, Ac.
The follow
statistics are for the Chicago A Northwestern proper
(1,407- miles), and their earnings not included In those of Chicago & the statisticsing the Trans-Missouri lines are given below.
of
Northwestern, but separately stated below. Tbelr .securities, except
Year ending May 31.
1889.
1890.
1891.
1892.
those held b v Chic. A N. W.. are in table above.
H is to r y , Ac.—The Chicago A Northwestern Railway was organized Passenger earnings.. $6,261,277 $6,285,179 $6,700,351 $7,298,880
F re ig h t.................... 18,193,646 19,654,213 19,829,341 22,788,423
in 1859, and has since absorbed many other roads.
1,225,445
1,263,982
1,334,969
In December, 1882, a controlling interest was acquired In the stock of Mail, express, A c ___ 1,237,336
the Chicago St. Paid Minneapolis A Omaha Co. by the purchase of
Total earnings. ..$25,692,259 $27,164,837 $27,793,674 $31,422,272
53,800 shares o f preferred and 93.200 shares of common stock.
In July, 1884, the capital stocks (except a few shares) o f the Fre Maintenance o f way. $3,160,704 $3,680,437 $3,353,694 $3,920,697
“
cars, Ac. 2,376,125
2,569,167
2,855,480
3,164,548
mont Elkhorn A Mo. Valley and the Sioux City A Paoifle were acquired
on the terms stated in the S u pplem en t of June, 1885, and prior issues. Transport’n Amiscel. 9,788,821 10,401,398 11,227,355 12,323,031
In December, 1891, the Milwaukee Lake Shore A Western RR. was Taxes........................
701,637
754,103
854,476
928,162
bought by an exchange o f C. A N. W. stock. I t is operated separately,
but formal merger proposed. See V, 56, p. 792, also that Co. and V.
Total expenses .$16,027,287 $17,405,105 $18,291,006 $20,336,438
55, p. 218.
N et earnings............ $9,664,972 $9,759,732 $9,502,668 $11,085,834
Ca p it a l Sto c k .—Of the common stock $2,331,983 remained in P.c. exp. to earnings.
(62-38)
(64-07)
(65-81)
(64-72)
the company’s treasury in July, 1892, after the purchase of the
285,377
340,739
259,585
317,736
Milwaukee Lake Shore A Western stock. Preferred stock has a prior Investments, eto......
right to 7 per cent; then common 7 per cent; then preferred 3 per cent;
Total receipts..,. $9,950,349 $10,100,471 $9,762,253 $11,403,570
th en common 3 per cent; then both classes share.
D ivid en d s —On common since 1881; From 1882 to 1884, inclusive, 7; Interest on debt........$5,825,833 $5,826,936 $5,880,390 $6,072,960
-n 18S5, 6*s; from 1886 to Dec., 1892, both inclusive, at rate of 6 per Dividends................. 3,444,504
3,444,979
3,445,804
3,675,735
cent yearly. On preferred in 1880 and 1881, 7; in 1882, 7%; in 1883 Sinking fund.............
58,000
202,570
201,301
410,425
and 1884, 8; in 1885, 73 ; from 1886 to Mar,, 1893, inclusive, 7 yearly.
e
Total disbursm’ts. $9,328,337 $9,474,485 $9,527,495 $10,159,120
P r ic e of Sto c k .—Common stock—In 1884, 8H2®124; in 1885
8439-®115%; in 1886, 104%®12038; in 1887, 104H®1275b; i n 1888, Balance, surplus......
$622,012
$625,986
$234,758 $1,244,450
lO gJ ys n G ; in 1889, 102Lj®1147e; in 1890, 98®117: in 1891, 102i«®
T r ans -M issouri R iv e r L in e s .—The earnings of these roads have
1 18 % !1111892,110%®1217 ;in l8 9 3 to May 19 inclusive, 105®116% been as b e lo w :
s
Preferred stock—In 1884, 117® 1 49 ^; in 1885, 119%®139is; in
FRESH>NT ELKHORN & MISSOURI VAL.
SIOUX c i t y a n d p a c i f i c .
} § ? b\ .? ? ® 144; in 1887’ 138 31451a; in 1888, 136i4®146; in 1889,
1892.
Yr.end.Hay 31.1891.
1892.
I S g f l M i s ; In 1890, 1348148; in 1891, 130® 1 4 2 ^ ; In 1892, 139® Yr.ena. Hay 31. 1891.
Grossearns.$3,310,239 $3,481,236 Gross earns. $501,383 $510,216
147ia; In 1893 to March 17 Inclusive, 138®146.
N et earns...$1,051,612 $1,104,349 N et earns... $193,295 $130,330
B onds .—T he sinking fu n d bonds o f 1879 are secured by a deposit of Tot. charges
990,411 1,031,477 Tot.eharges.
202,545
202,066
mortgage bonds on roads acquired at the rate of $15,000 per mile, and
under which these are issued were published in V. 29, p. 277 B al’nce, sur. $61,201
$72,872 Bal’nce, def.
$9,250
$71,736
$6,30o,000 of them are 6s, and the sinking fund is at least 1 per cent of
outstanding bonds, the bonds being drawn at 105. There are several
B a la n c e Sh e e t . --The follow ing is the Chioago A Northwestern's
em ail issues of bonds in addition to those in the table above, viz • Min- balance sheet on M ay 31 of each o f the years nam ed:
?n?.ota Valley Railroad, $150,000 7s (April and October), due October 1,
Assets—
1890.
1891.
1892.
1908 ; Plain view, $100,000 7s (March A September), due Sept. 1,1908; Road and equipment.............. $153,403,472 $157,193,271 $161,107,982
Sioux Cltv A Pacific ear trust 6s, March 1, 1896, $119,000
Bonds owned........................... 11,219,551
14,912,909 *14,892,419
lu addition to the company’s bonds, as shown in the table above Stocks owned........................... 12,151,500
11,966,500 22,051,957
there were June 1,1892, $1,912,500 alive in the sinking fund.
grant investm ents.........
422,794
675,000
1,146,760
division bonds of 1891 for $1,411,000 were authorized for Land and accounts receivable..
Bills
1,825,439
1,751,922
1,994,771
the retirement o f a like amount o f bonds maturing, including $582.Materials, fuel, A c....................
1,978,007
2,026,245
2,143,382
000 Cedar Rapids A Missouri R iver second division first mortgage Cash on hand............................
2,148,880
2,680,248
2,422,769
S
i » U M "i1Sr?i * ’
fn
o°ver road from Wall Lake to Trustees o f sinking fund..........
4,747,971
5,600,101
6,129,761
Kingsley, Iowa, 71 nules. See V. 55, p. 217.
The sinking fu n d debentures of 1933 have a sinking fimd o f $200 000
Total assets....................... $187,897,614 $196,806,196 $211,889,801
per year, if they can be redeemed at 105.
Liabilities—
01 4??4 an<l 1891 w ill bo scoured by any future mortgage
excepting any mortgage for the enlargement, improvement or exten Stock, common and preferred,. $63,,720,320 $63,720,323 :$63,723,320
sion o f the company s property.”
•
Stocks of propriet’ry roads, Ac.
579,110
529,885
519,510
The Chicago A Northwestern extension bonds o f 1886 are secured bv Bonded debt ...........................104, 985,500 112,570,500 114,235,500
332,075
1,332,075
deposit intrust of fh;st mortgage bonds of roads constructed oracquired Dividends declared, not due...
1,561,997
4 , 747,970
4,972,271
5,405,696
?i0t exceeding $20,000 per mile. The mortgage is for $20,000,- Sinking funds paid..................
Accretions to sinking fund.....
...... .
000, and the Union Trust Company of N ew York is trustee
P
627,830
724,065
Securities for cap. stock iss’d ..
10,009,823
1 io n J n I ‘n’f L Elkh<V i £ Missouri Valley bonds have a first lien on
^
1,300 miles (Fremont, Neb., to Deadwood, D. T., 557 miles and Securities retired from income
335,000
2,102,309
1,946,601
2,470,107
branches to Hastings, Albion, Ac., 743 miles), but besides the amoimt Current bills, pay-rolls, A c......
A c .........
176,327
177,131
164,8/6
table $13,235,000 are held as part Uncollected coupons, ..............
Due to roads in Io w a
984,612
collateral for Chicago A Northwestern extension bonds o f 1886 The
1,186-/35
1,302,195
125,000
Northwestern assumed $3,600,000 of the Fremont Elkhorn A Missouri Consolidation Coal Co..............
128,520
Aocrued and accruing interest,
1,573,344
Valley bonds and guarantees the rest. See guaranty V. 56, p. 650
1,649,017
l, 6 r 2,589
Miscellaneous..........................
244,649
100,580
120,087
re§ ° r t for 1891-92 showed that the total consider- Land income aocount..............
1,954,421
2,956,300
2,387,548
S2 ?1,
?
tbe lands anti lots sold in that year amounted to $903,837. Railroad income accou n t.......
5,371,977
6,715,183
5,470,733
^ e ^ t^ k ricclplH were $068.752. The statement o f amounts secured
60 be paid to the company by outstanding contracts of sale in force at
Total liabilities................$187,897,614 $196,806,196 $211,889,801
like end of tne fiscal year showed a total of $1,404,017. The lauds
ansold and uncontracted for May 31,1892, were 772,967 acres.
S
Includes $13,235,000 bonds pledged as collateral.
L atest E ar n in g s .—From. June 1 toM arch 31 (10 months) in 1890-3
I Including $2,345,164 common, and $2,284 pref’d in co.’a treasury.
gross earnings were $27,585,302, against- $26,530,268 in 1891-92
— (V. 53, p. 156, 199, 2 2 2 , 793, 922; V. 54. p. 225, 525, 903, 923; V.
<s<Utoriaiev U56l<p ^ale*™ 189' a“ d 1891 earnluS8 were a8 follow s—see 55, p. 199, 2 1 3, 2 1 7,1036; V. 56, p. 226, 792.)
IS?/ -°“te ( < 5 nI*1
u tanl-n . 6
,
C h ic a g o A O h io R i v e r . —Line o f road from Sidells, Hi., to Olney,
86 miles. Successor o f the Danville Olney A Ohio River, foreclosed in
February, 1886. Consolidation with Peoria Decatur & Evansville prot e
Z
posed m March. 1893. Sec V. 56, p. 207, 404, 622. Couponsof the first
mortgage bonds to November 1, 1893, inclusive, have been funded.
_
Gross earns. N ■L earns.
Charges.
Dividends
Rot
Stock authorized, $1,500,000; outstanding June 30, 1891, $438,800;
lo o ? '
if 11.006,329 $5,937,799 $3,906,098 $1,162 442 par, $100. In 1890-91, gross $74„012; net, $12,943; interest, $3,120;
1891 . 29,395,791
10,273,156
6,139,023
3;445;806
688,329
taxes, $5,615; other, $1,107. V. 56, r. 207, 464, 622.
f a
6“
l 2 T s l l f ^ d S E E ? mnd°$20^2005' 78g a ! ^
t t Tm" t l ! l l “ V to because o f acquisitfon of
Ma t , 1893.]
RAILROAD 8T0CKS AND BONDS
39
A
S u b s c rib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s ,
ifotui.-IM ntttIN TE R E 8T OR DIVIDEND©.
RAILROADS.
Miles Date 8lzc, or
pal.Wben Dne.
Amount
of
of
Par
When
For explanation of column heading. Ac., see notee
Outstanding Rate per Payable, Where Payable, and by Sfooto—Last
Road. Bonds Value.
Cent.
whom.
on first page o f tables.
Dividend.
Chicago d Noriktsestem—f Concluded)—
71
Dakota Cent. 1st M.. Watertown to Redfield, guar
1st mort. on Southeast Dtv. (to Hawarden) guar. 125
Fremont Elk. A Mo. VaL consol M. (see remark*). 1.300
6
Sioux city A Pac. preL stock (1st mort. on 6 in.)
107
l* t mortgage (assumed by C. A X. W .)..............
107
2d M. Gorenm i't lien (accrued int. 92.145,911).
Mo. V. A Blair RR. End**-, 1st, re'ble after 1893.
Chicago d Ohio Biver— 1st mortgage (for 9500,000)
t
86
Income bonds...................................................... .
....
120
Chicago Teona d Ft. Louis—1st mortgage, gold . ,c*
U t eonsoLM g. <915.000 d. m) <9300,060 are 6s).c* 170
171
Consol. mort. for 920.000 per mile, gold............c 171
Jack. L. A St. L —
Jack. 8. K. 1st m ortgage.........|
54
Jack. L A St- L cons. M.. gold. guar.p.AL, end .c* 112
Chicago Bock Island d Par.—Stock (for 950,000,000)
1st mort.,Chic., 111., to Council BlnffsAbranche^.c* 736
Chic. A Southw. 1st M. (ic'd in cur. by C.R.I.AP.). 268
1st 3 ext. and coL (920.000 p. m.) red. aft. ’O-t.cAr '
L
2.062
Debenture bonds (redeemable at 105)........ c*.tr.
Chic, d Ft. L. Electric—Capital stock for 97.000.000.
248
UK AT
Chicago Ft. Paul Minneapolis d Omaha—Mom. stock.
Preferred stock, non cum. (see te x t).............
St. Paul Stillwater A Taylors’ Falls 1st mort
21
Hud. A R iver Falls 1st M.,Hudson to R iver FaJ
12
Ch-fit. P.AMlnn. l* t M..g.. Elroy to L. fiLC.ass’d.c*
177
St. P. AS I’ x C. 1St M .c (97.000.000)910.OOOp. m c GOT
North Wls l*tM . I^ikeHt. C. to Bayfield aas'ined.e'
80
Ch-fit. P.M. AO.con.M .93O.0OO.IKX ><915.000p.m
1.374
Saolt Ste. Marie A Southwestern 1st M., guar.
37
Chicago d Southeaster r*- Mid, of Ind. 1st M . gold. c
94
1882
1882
1883
#1,000
100
1S68 500 tte.
1868 500 Ac.
1883
1880 100 Ac.
1886
1,000
1888
1.000
1881*
1.000
1891
1.000
1880
1.000
1890
100
1877 l.OOOAo
i860 100 A c.
1884 l.OOOAc
1891 1.OOOAc
10
1.000
1893
W estk RN.
100
100
1878 500 Ac.
1,000
1878
1878 500 Ac.
1.000
1879
1.000
1880
1 .0 0 0
1-ifiO
1.000
1890
1.000
1887
C h ic a g o P e o r i a A Ht. L o a l » . - O v n i from Pekin, III., to Jackson*
rtlle, I1L. and Havana to Springfield, 120 miles, and Litchfield to East
fit, Louis. 50 mllee; u*e* the Merchant*' Bridge into BL Louis, 2 miles,
aa«l leases Springfield to Litchfield, old St. Louis A Chicago RR.. etc..
SO miles. Control* and operates the Litchfield Carrollton A Western.
Barnett to Colnrobiana. 52 miles- the Louisville A St. Loul*. O n tra lla
Drivers. 17 mile’s; and the Jacksonville Louisville A St. lxwls. Jack
sonville to Ccntralia. 111., 112 m.; trackage 13 m.: total eysL, 416 m.
H isto ry .—Organized in 1887. With Ita allied lines forms the
Jacksonville Southeastern system.
In November. 1890. under a
traffic agreement with the Atchison Ttopeka A Santa Fe, a through line
wa« opened between Chicago and SL Louis. (V. 51, p. 60S.) An ex
tension id 100 miles to Rock Island is being built, and the Litch. Car. A
W. (which see) w ill be extended to Quincy. 28 miles. V'. 56, p. 668.
Brock.—Capital stock. $3,500,000.
BONDS.—The new wmnol(dated mortgage secures bonds at 920.000
r mile upon present mlleagr (sufficient owing reserv ed to retire prior
nds when dno and upon the Rock Island extension; also on a line, if
built, from Litchfield to Springfield; the Metropolitan Trust Co., of
N. Y., is trustee. The mortgage covers 8 1.75o.noo utock In the prwprietary line*, and all the equipment of the road Of these )>ood« out
standing, f - ’ *
0.000 were sold for improvements on road In operation,
balance for Rock Island extension.
The Jacksonville Louisville A Ht. Lout* la successor to the Jackson
ville Southeastern, which was sold in foreclosure May 11. 1890. It*
bond* are guaranteed principal arul Interest by this company, which
own* 9l.OOOJ.too o f the Jacksonville road’s 91*500.000 stock.
B aantho*. - From July 1, 1692. to April 30.1803 (10 months), gross
earning* were 91,1 55.394. against $1.0* 1.090.
For rear ending Jane 30. 1*92. gram earnings were 91,248.095; net.
•386.400, against 9272.400 in 1891. (V. 56, p. 668.)
C h i r a g o H o r k Is la n d A P a r lflr .w it n r Map)— Ro a d .—The sys
tem. as will be seen on adjoining map. includes ;
Lines owned—
Miles.
Lines leased, c/c.—
Miles
Chic.. III., to Council Bluff*, la. 490 Peoria A Bureau V alley......
47
Davenp’t, la . to Atch’ n.Kan. 342 ’ Keokuk A Des M o la r * ........ 1«2
Elmwood Ye Liberal. Kan
140 i •D n Moines A Fort b w lfp . 114
Herington.Kan .to Miaeo.l.T. 247 Trackage to Knn«a* city,
Horton. Kao . to Roswell .Col. 560
Lincoln. Neb., D earer, CoL.
BrancbeM .......... ........ ..... 628 I Pueblo. CoL,etc . . . . . . . . . . . 378
K
Total owned Apr 1. 1693
\ j.r l . l * ! » j :i .
Extension to Fort Worth, T n . f under construction. V. 54, p. 46-*.
* (toe separate statement for these companies.
H isto ry .—'The Chicago A Rock Island 'Railroad was chartered
tn Illinois February 7. 1651,and opened from flilca go to the Mississippi
River, July. 1854. The present Chicago Kook lalaod A Pacific was a
annsolMation June 4. 1880. with fSO.OW.Oix) stork authorized, and a
■dock dividend of 10O per cent to the holders o f Chicago Rook Island
A Pacific stock. The Chicago Kansas A Nebraska theretofore leased
was purchased at foreelosure sals in April. 1891. and is now owned tn
flee simple.. See V. 53. p. 223.
Dit id r s d s . —In 1980, 9 4 rash and 100 per cent to dock , from
1861 to 1987. Inclusive. 7; In 1888.64; In 1889. 4; In 1990.4; tn lnttl,
3; la 1892, 4: la 1993, February, 1; May. 1 ja*r rent.
Pltica o r B ro c a .-In 1885,105 #132; In 1886. 1 2 0 4 *1 8 1 1 in 1887,
109# u n % ; m 1888.94%# 1114; In 1669. 80 4 # 1044; to 1800,014#
9 8 V to 1891. ftaVfrOOV In 1 8 0 2 .7 5 4 *9 4 4 ; tn 1893, to Mar 19.
•■elusive, 6**99% .
Bovne —The extension and collateral trust 5 per rent bonds (trustee
e< mortgage United States Trust Company) arc Issued at the rate of
•15,000 per mile for single track. $5,000 per mile additional for equip
ment and 97,500 for second track. They am scoured by the
direct lien of a first mortgage or by deposit with the trustee of an oqnal
amour.; ef Brst mort. 6 p. c. bonds o f branch lines. After July 1. 1894.
they are red’)* at 105 In the order o f their numbers, lteginning with the
lowest On Apr. 19. 1893. there were 930,00 t.noo of fhesc bond* out
standing, and $213,000 had been canceled for the dnktng fund; of
the total originally sold $30,933,000 were issued at 815,000 per mile
on 2.062 miles of track ; $1,200,000 for Kansas <5ty terminal property
»n<I $7 174.000 for eoniomen t. flee mortgage abstract. V. 47, p. 280.
The neben tores o f 1991 (U. 8. Trust O l.. trustee) were issued to pay
foe terminal* and betterments as needed. The Issue Is for $10,000,000
aod the bonds are redeemable on notice any coupon day at 105.
G ek k r al Fis a s c e *.—1 he Burlington Cedar Rapids A Northern, a
T
■nastderabie amount of wbn»w stork is held by Rock Island, began
dividends in January. 1893; see that company. The reorganization
• f the Minneapolis A fit. Ism is - which see—will also increase the Rock
Island’ s quick assets. In 1892 for the extension 1n the Indian T erri
tory, and for shipm ent. $2,774.000 extension and collateral trust 5s
e e ie issued, while $1,000,000 debeuttiros were sold for Improve
ments, etc.
In February. 1893. $1,094,000 additional exten. aod
eoliat trust 5s were sold for equipment and for new road to Jansen,
^eb., 52 miles, and In April $317,000 for equipment.
Ea ay isos. —From Jan. 1.1893. to April 30, 1893 (4 months) gross
(estimated), ware $5 666,635. against the estimated gross earning*,
$0,353,792 In 1991-92.
$1,007,000
M. A 8. M Y „ Offloe. 52 Wall St.
6
2,000,000
M. A N.
do
do
6
do
do
7,725,000
6
A. A 0.
do
169.000 7 per an. A. A O.
do
do
do
1,628,000
6
J. A J.
1.628.320
6
J. A J. U.8. Trees., at maturity.
809,000
6
J. A J. N. Y. .N at. Park Bk. ABos.
M. A N. Int. funilwl till Nov. '93.
250,000
6
618.300
M. A N.
No coupons paid.
6
1.500.000
5 g. M. A 8. N. Y ., Amer. Ex. Bank.
1,041.000 5 4 6 *. M A N.
do
do
do
863.000
do
5 £• J. A D.
300.000
6
J. A J. N.Y.Am .Ex.Bk.APhlla.
1,380,000
\
5 g. J. A J. N Y..DunnBrw.. lOWall
46.156,000 See text. ti.—F. New York and Chicago.
12,100,000
8
J. A J N. Y.. 13 William fit.
do
do
7
M. A N.
5.000,000
39,094,000
do
do
5
J. A J.
do
M. A fi.
do
3.000.000
5
(1)
M l. Fob. ’93.
J. A J. N. Y.. Farm. L.ATr.O o.
«
18.559.360
11,259,913 » « text. J. A J. S. Y . Offloe. 52 Wall St.
33 4.800
do
J. A J.
do
7
do
125,000
do
8
J. A J.
3.000,000
do
do
6 t. M A N.
6,070.0(8)
do
do
8 g. A. A O.
800,000
6
do
do
J A J.
13,730.000
do
do
J. A D.
6
do
do
406,000
5
M A N
375.000
5 g. J. A J. N. Y.. ColUn A fit an ton.
8ept.
Nov.
Oct.
Apr.
Jan.
Jan.
Jan.
May
May
Mar.
May
June
July
Jan.
May
July
Nov.
July
Sept.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1.
1,
1.
1.
1,
1.
1,
1,
1,
1907
1907
1933
1893
1898
1898
1923
1916
1916
1928
1939
1941
1910
1940
1893
1917
1899
1934
1921
Dee. 31, 1912
Jan. 20.
Jan. 1.
July l.
May 1,
Apr. 1,
Jan. 1.
June 1,
N o t . 1,
Jon. 1.
1893
1908
1908
1918
1919
1930
1930
1915
1917
A jtkual Ram sT. -The fiscal year ends March 31. Annual meeting
is held In Chicago on the first Wednesday In Jane. Report for 1891-92
In fall was In V . 54. p. 941, 961.966. Earning*, Ac., have been:
1890.
Tear ending MarcA 31—
1891.
1892.
3.408
3.339
BClies owned and opefwlcd
3.456
94.703.894
Passenger earn in gs............ .. *4.613.822
*5.216,761
11,513,845
F r e ig h t............................... . 11.828.794
12,289,636
1.196.895
Mail, express, rentals, e tc .....
1.196.445
1.183.678
Gross earning*............. . . $17,639,061
Operating expenses............. . 12.475.007
$17,473,634
12.413.794
918,690,075
13,147,057
*5,183,994
(70*72)
$127300
1.209,640
*5.059,840
(71-04.
*98.650
1.216.682
*5.543.018
(70-34)
*70.000
52.200
. 96.500,934
Rent leased mads............
. $1,784,024
2.025.550
IntenMt on debt...................
195.580
Mlaaourl R iver brideea ___
Dividends ......................... .(4)1,848.228
$6^75,152
*1.872.113
2.714,950
188.538
(4)1,946.232
*6.666.219
*771,806
2.813,825
143,858
(3) 1,364,874
Net earning*................
P. e. o f oper. exp. to earns ..
From land department, etc
Okie. Kan. A Neb. interest ..
Balance, surplus..................
*49.552
*246,881
*548.558
V 54.
119,3971 Hs 9, 9 4 1 , 9 6 4 , 960; V. 55. p. 462.551; V. 56,
p. 247. 700.)
C h ic a g o A Ht. L o u t s F l e r t r f e . —In March. 1893, this company
let contract* for the construction o f It* entire line o f double track electween Chicago and 8 t Louis, a distance o f 2s 8
motive iw>wcr to lie generated from three stations. Wellington Adams,
General Manager, fit. Louis, Mo.
C h ic a g o 81. L o u is A P I t t a h u r g .—8e<> P i m Cnt. Cmo. A fiT. U
C h ic a g o Ht. P a u l A K a n . r i t f . - 6 w Ch ic a g o G r e a t WtsTmur
C h ic a g o h i . P a u l MH n n e a p o lt * A O m a n **.—4Fee Map Chicago
d Sarthieesiem.)—Ro a d .—Main line—Klroy, Win., to Omaha, Neb., 593
miles; other lines. 88m miles; total, 1.481 miles, of whloh 1.370 mile*
are owned. 69 miles leased and 42 miles proprietary road.
n isT ou r.-T h l# was a consolidation July. 1880, o f the Chicago fit.
Paul A Minneapolis, the North Wisconsin and the fit. Paul A filonx City.
In November. 1882, a controlling tnterest in the stock was purchased
for the Chicago A Northwestern Railway by the acquisition of 93,200
shares of common and 53,800 shares of preferred.
fiTOCK.—
‘Authorised common. $21,403,293 ; preferred. $12,046,883.
has a prior right to non cumulative dividend of 7 per
cent; but common is never to receive more than is pakl on preferred.
DrviDgwue.—On preferred stock : From 1881 to 1884. inclusive. 7 per
' rent; in 1885, A\ ; from 1886 to 1888. Inclusive. 6 per cent; tn 1089,3 ;
|tn 1890.4; in 1691, 4; tn 1892. Jan.. 3; July, 3 4 ; In 1893. Jan .,3 4 p.e.
BnWML—In 1892 consols for $317,000 were issued. There are also
$75,000 Minneapolis F.as tern 1st m.. guar., 7*, due July 1, 1909.
L ards .—T he land sales in 1892 were 22,875 acres, for $61.509, in
cluding lots; land contracts and notes on hand December 31, 1892,
$600,313; lands undisposed of, 474,797 acres.
L atest E a r n is o s .—From Jan. 1 to Mar. 31. 1893 (3 mo*.). gross earn
ings (partly estimated) were $1,973,817, against $2,015,505 in 1892.
A.VX0XL R s r o r r .—Report for 1892 w m In Cnnoincui, V. 56, p. 461.
Year ending Dee. 31—
1890.
1891.
1892.
*2,135,338
Paiwenxer oarnlDK* ................ *1.677.130
*1.956.982
Freight.................................... 4,845.392
5,718.281
6,689,915
Mall. cxDreee. Ad..................
325.-798
340.049
372,589
Total gross earning*......... .*6.848.320
Operating expenaoe and taxea . 4,788.569
98.021,312
5,446,114
$9,190,942
0^68,290
.$2,059,751
Net rentals paid.....................
85,422
• rest on debt............... . 1.280.228
Dlv. on prof, stock.................. .(4)450.272
7,309
I o m on prop, road*........... ..
$2,575,198
89,021
1,340,827
(5) 562.810
16.972
$2,828,016
92.072
1.346,782
(7) 787.976
34.524
finrplu* o f RR. Co.................. . $236,520
Net from land sales................
586,784
$559,538
4HH.728
$566,692
368,468
$935,160
$1,028,260
Total aiirplna................... . *823.301
- ( V . 52, p. 293, 461, 534, 832; V. 54, p. 5 58; V. 50, p. 205, 461.)
C h ic a g o A N o iith r a a t c r n —Operates from Anderson, Ind., to
Brazil. Ind., 106 miles, o f which 1 miles, Waveland to Land Creek, is
*2
trackage over fit. L. Van. A T. II.. leaving 94 miles owned. Formed in
1891 to succeed Midland o f Indiana, reorganised. TI10 Midland of
Indiana mortgage (assumed) has been limited to 9375,000.
C h ic a g o A S o u th H i d e I t a p ld T r a n s i t . —( “ A lle y K le v a t e d . ” )
—
Owns *levated road in operation in Chicago, extending from Con
gress Street, through the alleys in the middle o f each block, Wabash
Ave. and State fit., etc., to 55th 8t., about 5% miles. The road also runs
to the World’s Fair grounds. 8took, $7,500,000; par, $100. Mortgage
*
e
1N YESTO ES’
SU PPLEM ENT.
M AP OF THE
Chicago , R ock I sland
LVi,
A D D I T S C O N N E C T IO N S .
[V o l,
P acific r a il w a y System
RAILROAD STOCKS AND BONDS
Ma t , 1893.J
41
S u b s c rib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s .
RAILRO AD 8.
on tlrat page o f tables.
Date Size, or
Amount
of i Par
of
Road. Bonds Value. Outstanding
1
94
N .....
[hie. d Watt. Indiana—Stock.................................
let M., gold. a. L , subject to call at 105............. o'
Genera! more, gold, sinking fund, red. at 105..c
Hiicago d Wet! Michigan—Stock............................
48
48
48
10
482
93
1891
1889
1893
1879
1882
1875
1881
1891
1892
1890
1891
1891
65
'koctaw C oaid Sty— 1st M.,gold,$20,000 per mile
97
Receiver's certificate*........................................
140
Hit. Dayton d Iron ton —1st M „ gold. guar, p . i i .c'
Cincinnati Hamilton d Dayton—Stock...................
Preferred stock, Series A A B, $500,000 each —
do
“ Eagle” ....................................
00 1875
Consolidated mort. $ A i , sinking fund............c
60 1875
do
do ...............e*
60 1875
do
do .......................
69 1887
Second mortgage, gold....................................... c*
60 1892
General mortgage, $7,800,000, gold..................
99 1 1873
Cln. Ham. A I. (Junction) UR., 1st M „ guar. p. A l.
331
linn. Jackson <f Mackinaw-C apital stock............
1st mortgage for $4,800,000, gold..................... o* 331 1892
Hnemnatt Lebanon dX orthem —Stock ($1,000,000)
38 1886
1st mortgage................................................
ol
Hon-tnterret bearing certlflcates................
'(scinnu.u d Muskingum Valley—Stock........
....
1st mortgage....................................................... e 148 1870
‘■.neinnati Sew Orleans d Texas Pacific—Stock
336
—
Car trusts on July 1,1802.............................j
$1,000
(!)
$7,500,000
in
.Ronds—Prill olIN TE RE ST OR DIVIDENDS.
----------------------------------------------- jpal. When D ue.
When [Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
5 g.
5 g.
5 g.
Various
6 g.
6 g.
..............
i .....
A. A O. N .5 ., B ’k o f Commerce.
J. A J.
..............
Various
M. A N. N. Y „ D reiel, M. A Co.
| Q.—M.
do
do
A A. Boston Of., 50 State St.
A D .N . Y.,U n. Tr. A Boston.
AD.
do
do
. A N. Bost'n, Nat.Webster Bk.
Boston.
5,000,000
1,764,000
1,000
1,000
8,.396,666
7,448,200
100
500 Ac.
19,000
1,000
5.758,000
1,000
1.667,000
1.000 i
322,000
1,000 I lypothec't'd
...
500.000
1,000
3.500,000
5 g. J
S N.Y,KesslerACo54W all
'.
100 1 4,000.000 1
Cincinnati,
100
1,000,000 .
do
100
59.5,900
do
1.000
996.000
N.Y.,Ke«slerACo54Wall
1,000
1.371.000
do
do
1,000
435.000
do
do
1 ooo
2,000,000
do
do
1,000
3,000,000
D. N.Y.,BlairACo.,33W aU
1, > »0
1,800,000
~ N.Y.,KeaslerACo54Wall
100 16,<*K>.OO0
1,000
4,000,000
New York.
ioo
992,000
1,000
200,000
J. A J. Cion., Fourth Nat. Bank
172.440
50
3.997.320
1.000
1,500.000
v
j . « j . Jan.,’87,coup, last paid.
3,000,000 8
100
See text. ...... [Cincinnati, Co.'s Office.
—
1
351.688 1
do
do
Oct. 1. 1921
Oot. 1, 1929
Jan., 1933
(1 )
Nov. 1, 1919
Dec. 1, 1932
Feb. 15,1893
June 1, 1905
Dec. 1, 1921
M ay 1, 1931
June 1, 1902
Jan. 1, 1920
(1)
M ay 1, 1941
M ay 1, 1893
Apr. 5, 1893
Mar. 1, 1893
Oot. 1, 1905
Oct. 1, 1905
Oct. 1, 1905
Jan. 1, 1937
June 1, 1949
Jan. 1, 1903
June 1, 1991
Jan., 1916
Jan. 1. 1901
Oot. 19.1891
1893-7-6
>f 1889) trustee. Northern Trust Co. of Illinois, was to cover road from | ironton and branches 184 miles. Controls Cln. Hamilton A Indianaan Buren Street to Sixty-seventh Street. The bonds are redeemable I polls. Hamilton to Indianapolis, 99 miles; Cln. A Dayton, Hamilton
fterO et 1,1899. at 110 and intercet when drawn by lot. On Feb. 16, to Middletown, 14 miles; Cincinnati Dayton A Chicago, Dayton to
898, stockholders voted to Issue $5,000,000 bonds for extensions, Delphns, 95 m iles; Troy A Ptqua, 8 m iles: Columbus Flnalay A
tits trill be a general mortgage on entire road and drat lien ou new Northern, Deshicr to Findlay, 18 m iles; Bowling Green R. R.,
Tontogauy to North Baltlf.mre, 21 mile*. Total 641 miles. Owns
nee. (V. 56, p. 331.)
| (olntly with Big Four the Dayton A Union—which see.
C h ic a g o A W e s t e r n I n d la u a .—Owns from Dolton and Han
H is t o r t , Et c —Company chartered lu 1846. M ainline opened la
toad, rX, to Chicago, with a belt railroad and branches, with wareoases. elevator, Ac., four main tracks, aggregating 100 miles, and with j 1851. Leased lines added at various times slnoe.
In 1893 company will acquire the Indianapolis Decatur A Western
idiogs. 173 miles o f track In all. Including 2d, 3d, 4th and siding track
it which 66 miles are leased to Belt Railway o f Chicago) and aoont Railroad (which seel. A large Interest In the Cleveland Lorain A
00 acres of real estate. L ease * road and terminal facilities to the Wheeling, 164 miles, was acquired In Interest o f C. II. A D. In March,
/abash, the Chicago A Grand Trunk, the Chicago A Eastern Illinois, 1893. V. 56, p. 463. See also Cincinnati Jackson A Mackinaw.
he Chicago A Erie and the Louisville New Albany A Chicago (eachof
S t o c k , Bust**, A c.—In May. 1892. voted to Increase common stock
rhleh live companies owns $1,000,000 stock), and also to the Atchison ' by #4,<sr ), ooo for extensions, double track, new equipment and fundopeka A Santa Fe and the Beit R a ilw a y; the annual rentals provided i lug floating debt.
y the leases are to exceed by at least 20 per cent the annual .interest
The general mortgage I* for $7,800,000, o f which $4,800,000 bonds
are reserved to retire tbe prior liens at maturity. It being stipulated
n bonds outstanding.
C t f R l t STOCK, $5,000,000, all owned as above stated Dividends that at maturity the prior bonds shall be paid and not extended;
.are been paid at Irregular Intervals, the rate In 1892 being 6 per cent. trustee. Mercantile Trust Company o f New York. The mortgage
covers the perpetual lease o f the Dayton A Michigan, the profits un
BOBSS.—Sinking fund payments (amounting In 1892 to about $125,000) der which are large. V. 54,799; V. 5 j. p. 373.
nasally retire a portion o f the first mortgage bonds at 105 and In ter
In April. 1691, the Cincinnati Dayton A Ironton R.R. (which see)
st. and after they are all drawn the general mortgage bonds become was leased for 99 years, Its bonds being guaranteed.
object to same sinking fnnd and will be drawn at same price in such
Company owns $700,000 Cincinnati Hamilton A Indianapolis bonds
aanal amounts aa w ill retire the debt at or before maturity. The [ not Included In amount outstanding above
>onda oann.it be retired in any other manner or amount V. 54, p.
D iv iiik v iz s on common stock slnoe 1882—In 1883, 9 per oent; In 1884,
81. R e p o r t for 1*91 was In V. 54. p. 1009. (V .53, p 256; V. 54, 0; In 1885, 6; In 1886. 7; In 1887, 6 ; In 1888 and 1889, nil; In 1890,
• 725.761,1008: V. 55. p. 373, 1036: V. 56, p. 373.1
5 per cen t: In 1891. 5; In 1892. 5 ; In 1893, Feb.,l>«; May, 1 4 percent.
C h icago A W e s t M ic h i g a n . —Owns from Lacrosse. Did., to
Dividends on preferred stock from January 1,1883, to July, 1886, at
taverns City, 301 mile*: Allegan to Pentwater. 98 miles: Big Rapids rate o f 6 per cen t; from Dec., 1886, to date, at rate o f 4 per oent yearly
motion to Big Rapids, 52 miles: other branches. 31 miles; proprietary
A v st's i. R e po rt .—Fiscal year ends Dec. 31. Income account for 1891
die, Chicago A North Michigan (opened In July,1892),Traverse City to was In V. 54, p. 924. Earning* have been as follows, the Interest on bonds
:ik Rapids ami Bay View, 93 miles; total o f all, 575 mile*.
In 1691 including Interest on the C. IX. A D.'s own bonds. $263,790;
OROa r ix a tio *. S to c t. A c.—Successor* o f Chicago A Michigan la k e on Dayton A Michigan bonds, $137,460; on Clu. Ham. A Ind. bonds,
here January 1, 1879. Consolidated In September. 1881, with the $126.000; and on Cln. Dayton A Ironton bonds, $39,200:
(rand Haven Road and the Grand Rapids Newaygo A Lake Bhore.
Year ending Dec. 31.
1890.
1891.
•teck increased $725,000 In September. 1892, to purrhaae the stock of Gross earnings................................... ........ $3,896,451
$4,658,818
he Chicago A North Michigan—whose #1,675,000 first mortgage bonds Net earnings................................................$1,519,812
81,681,648
re endorsed with a guarantee o f principal and Interest- See V. 52, p.
$566,450
27 tn.l V. 55, p. 100. 297. The equipment lam,1s ,#500,000 author i Interest on b on ds...................................... $528,630
260,874
263,782
eed) and $570,000 o f general 5* were Issued In 1892. Bills pay able I C. II. A D. dividends...................................
D. A M. dividends........................................
175,339
180,786
rere$135,000 Jan. I, 1693
DmORTO* since 1886—in 1887, 2*» p. c . ; in 1888,2; in 1889,2: In Balance, surplus........................................... $554,969
$670,623
696,3; in 1891,3>s; In 1892,Feb.,2; Aug . 1% in 1803. Feb., 1 4 p .e.
- IV . 52, p. 534. p. 80. 939: V. 53, p. 125 ; V. 54. p. 287, 799, 924, 965,
L atest E s avisos.—January 1 to March 31, 1893 (3 months), gross 1047; V. 55, p. 145, 215, 373, 639.1110; V. 56, p.81,246.)
434,810. against $428,115 In 1892; net, $43,561. against $97,272.
C ln e in n a t i I n d ia n a p o lis St. L o u t s A C h ic a g o .—Bee Cleve
harms, *37,843. against #68.029; balance, deficit, $54.2.52. against
land Cincinnati Chicago A St. Louis.
lupin*, *29.242 in 1892. V. 56, p. 505.)
C in c in n a t i J a c k s o n A M a c k i n a w . —Owns from Carlisle, O.,
A vars! Ren>ST.—Report for 1892 was in Citnomci-E V. 56. p. 505'
hovtnr cross earnings. #2.032..540, not. $627,155; char es, $30*1,632; to Addison, Mich., 190 miles; Allegan to Dundee, Mich., 133 miles;
branches, 3 m ; trackage to Toledo. 23 m.; total operated. 349 miles.
'-her payments. $5,292; balance, surplus. -*213.231 , dividends.
211,298 In 1691 cross ••srnings. #1.757,-553; net. $525.<53; Interest
H i s t o r t —This railway company succeeded on April 1,1892, a railharms. $272,832; other payments, $2,319: balance for stock, #250,602; rood company of same name, sold In foreclosure in 1891. (V. 53, p.
ivhfcnds, $2.12.337; surplus for year, $18,26.5. (V. 52. p. 4 33 ; V. 53. 520,753.922.) Plan o f reorganisation was in V. 53. p. 125. Road was
> 156,187; V. 54. p. 642. 889; V. 55, p. 100, 255, 297; V. 56, p. 400.
to be leased for 99 years to the Cln. Ham. A Dayton, but an injunc
(h e r la s s C o a l A R a i l w a y . —In operation from U lster Indian tion Interferred. Bee V. 55. p. 1110. Case was appealed In 1893 V.
srrttorv, on Bt. Louis A San Francisco Railway, to 8outh MeAloster, 56, p. 246,463. The $800,000 bonds would permit o f extensions.
adlaa Territory, on M. K- A T.. 85 m ile *; Fort Reno to Oklahoma City,
E ars isos.—From July 1, 1892, to Mar. 31, 1893 (9 months), gross,
2 to ss ; total, 97 tulles. Holds valuable coal leases.
$567,219. against *537,664 in 1891-92; net. $156,583, against $140,422,
Bond* for a considerable amount were pledged for loans. Block outFor rear endln gjun e 30.1892. gross earnings were $696,588 ; net,
Isndtag. $3.750,000-par. $50. Car trust 8 per cents, $200,000. K P. $172,824; taxes. #44,406; rentals, $18,811. In 189091 gross, $724,-,
ulbor of Philadelphia was chairman of reorganization committee, 972; net. $178,737. Walston H. Brown. President, 20 Nassau Street
s* to new plan, see V 56, p. 710.
New York. (V. 54. p. 33. 119, 287, 433, 485, 1047; V. 55, p. 145, 639,
On January 8,1891. Edwin D. Cbadick and Francis I. Gowen were 1110; V. 56, p. 246,463.)
spooned receivers, and $500,000 receivers’ certificates were Issued,
C in c in n a t i L e b a n o n A N o r t h e r n . —Cincinnati,0., to Dodds, O.,
he receiver*’ report In May. 1691, showed total Indebtedness #2.756.- 36 miles; branches, 2 miles; total, 38 miles. Buccessor In 1885 to
00; road constructed 108 m iles; road operated 85 miles; Ap ril gross Cincinnati Northern, sold In foreclosure. Consolidated mortgage bonds
srnings #56,947; net. #24,480; eoal shipment* 800 tons dally. In for $500,000 were authorized In 1891. In 1891-92 gross earnings wore
l»7 gross earnings were $67,252 net $29,207. (V. 56. p. 205.)
$132,640 (against $136,281 in 1890-91); net, $43,637; surplus over
C in c in n a ti D a y to n A I r o n t o n . —' See map Clneinnati [Tamil- charges, $28,308. (V. 53, p. 569.)
f* i t*, V'nn ' Operate* from Dayton to Ironton. Ohio. 162 miles,
C in c in n a t i A M u s k in g u m V a lle y . —Owns from Morrow, Ohio,
’•Ahdard gauge, o f which 8 mile* between Baker* snd Byers and 12 to Trlnway, O.. 148 mile*. Bold under foreclosure Deoember 3,
25*w ’y'n Oeans and Ironton under trackage contracts; also owns 1869. and reorganized as at present January, 1870. Gross earning*
T.™ "ssleton to Buckeye Furnace. 12 miles, and coal branches, 10 in 1892, $176,077 ; net, $59,503; Interest on bonds. $105.000; other
ule*; total owned. 165 m ile*; total operated, 184 miles.
charges, $23,205; deficit. #68,702. Amount due Pittsburg Cincinnati
B isto rt .—Succeeded to a portion of the Dayton Fort Wayne A Chl- A Bt. Louis, former lessee, December 31,1892, $1,081,013, and on oon*4® sold in foreclosure Jan. 20, 1891 (sec V. 52, p. 164). L eased In pons up to January, 1893, $631,505. In December, 1892, coupon doe
pru. 1891, for 99 year* (renewable forever) to the Cincinnati Hamll- January 1, 1887, was paid. Capital stock, $3,997,320—par, $50—o f
>n * Dayton, which guarantees the bonds, principal anil interest, by which Penn Co. owns $2,430,900. Pennsylvania Railroad owns $754,odorsement, and will turn over one-half toe net Income remaining 000 o f the bonds. (V. 55, p. 1078.)
In 1893 certain bondholder* brought suit to compel the payment o f
Rer the payment of operating expenses, taxes and Interest. See V.
2. p. 534. 680. Stock. $5,00o,(«O; owned by C- If. A I>. G ross overdue oonpone and the enforcement o f the old lease.
-AWOro* for 8 munth* ending Dec. 31, 1891. were $378,895; oper
C in c in n a t i N e w O r le a n s A T e x a a P a c llt c . —(See. M ap.)—O r a -g expense* and taxes, $277,847; net. $101,047.
OARUATtON.—Company organised under laws of Ohio Oot. 8,1881, and
operates under lease the Ctnolnnatl Southern, extending from Cin
C in c in n a ti H a m i l t o n A D a y t o n .—(Acs Mop ) —
Owns from fin
■ v.V'z0 "
O., «0 mile*; leases Dayton A Michigan. Dayton cinnati to Chattanooga, Tenn., 336 miles. In April, 1890, the East
’ Toledo, 142 miles, and Clneinnati Dayton A fronton. Dayton to Tennessee Virginia A Georgia obtained voting power on $1,000,000
MAP OF THE
*
(6
CINCINNATI, HAMILTON
AND
DAYTO N R A ILRO A D
A N D C O N N E C T IO N 'S .
V.:ilf V
Ij
•
W ^i
INVESTORS’ SUPPLEMENT.
[You lvi.
Bismarck
4U*.
im ]
RAILROAD
STOCKS A N D
BONDS.
43
M u b M r ib c r * w i l l c o u f i- r a. g r e a t f a v o r b y g i v i n g i m m e d i a t e n o t i c e o f a n y e r r o r d i s c o v e r e d i n t h e s e T a b l e s .
JiOTtrfjf--Princi
IN TE R E S T OR DIVID E ND S,
RAILROADS.
MUea Date Six®, or
pal, When Due,
Amount
of
Par
When
a-ctdanstion o f column headings. Ac., see note® Of
Onbstanding Rate per Payable Where Payable, and by Stocks—Last
Hoad. Bonds Value.
Whom.
Cent.
1
on aw t page of tables.
Dividend,
107
107
Preferred stoet (see te x t).
86
53
27
lle tila n ii A kron * V a lu trilm *.-Ste«jE...................
178
17S
.
Qtneral mortgage (for 81300.000), »> M ..........
E <tK lp .T r.A 'ia.M . gold. *ub. t o c a ll (dec t e x t ) ..<
litre. Canton A cgmcin.—Common stock. .$5,0O0,OC
d eferred 6 percent steel; (See text)..................
101
I Cleveland & Canton I h mortgage, assumed—
161
Bqolp.Tr. A improve. 2d M. $2 ,000 ,000 ) geld t
30
1 Coshocton A Southern 1st inert,, gold, assumed
0
1 ■»M-BMbur8J»'ASantob 1st 11,.sold.assumed ...
C t Caa. & So.. consol mort.. 826.000 per m ile..
Cor trust bonds.................................................
litre. » « . CA. S 8 t . L . ~ C«u». st'k($3S,7OO,0OO a it)
Preferred stock. 5 per cent. non-eumulattve.
154
. Cndlasapells Ctecia. A I x t . mortgage......... .
175"
C, L rt. I - A C. eon. M. .drawn at 105, s .t l p . c r
. ...
flea . M l ML, f 10,000,000 fo ld , At. not dr'll
119
Bet A
.. a C ot Oln. S H O T ------1 ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ! 391
Con. mort. « e e text) drawn at 100 if unaPxnpM 391
391
Gen- emtooL snort, i812.900.000) gold...... e- X t
72
Indian A 8 t L 1st inert., !n 3 ser. o f f««7 ,0 0 0 .c,
72
34 M.c$2,.000,000), void. Indianap.toTerre B e.
69
<X O n.O tASt-Is, White Water branch. 1st, gold, c'
coirimbtts 0»ringttetd & Cincinnati 1st mart
. 45
spring. * C o l l>tv. .CoL bp. A Cto.1. 1st M.. g.c*
267
Caste Vm. A Chi.- D tf. 1st mortewee, gold
104
9 t beta* D ir . iS tL. Alt. A T. H.i coil. tr.,g.,c
203
fsa. Wah. .1 Mich. Dir, 1st mortgage, g old ..
__
$1,566,000
594,000
1.800,000
7 g. J. A D.
1,000
1,690.000
5 g. J. A J.
1,000
5 g. J. A J.
650.000
100
4,000,000 See t e x t Arm’tlr.
1887 500 Ac.
1,763.000
5 g. M. A 8 .
1,000
730.000
1890
6 g. F. A A.
....
100
4,151,209
100
8ee text1.000
1867
2 ,000.000
J. A J.
5
1.000
1891
5 g. A. A O.
0185,000
1,000
1867
600,000
5
J. A J.
1988
1,000
200,000
5 gs J. A D.
1892
5
J. A J.
M. A N.
134,371
«
100 28,000,000 See te x t F. A A,
100
10 ,000,000 5 per an. Q.—J1,000
7
F. A A.
:1867
379.600
736,(> h>
•1880
l.ooo
6
M. A N.
7,790.000
4 g.
Q ,-F .
1896 t.OOOAc
16AI
1,000
120.000
7 ‘ J. A J.
1800
7
1,000
3.000,000
M. A N,
1874
1,000
4.0« ,000 7 or 6 g. J, A D.
1-864
1.000
3,206.000
0 g. J. A J.
1.0(81
2 *000*000
7
Various
I860
1.000
1882
500,000
6 g. M. A N
eso.wK)
1800
1,000
4 «. J. A J.
1671
1,000
88,000
7
M A 8.
1890 500 Ac,
1.138.500
4 g. M. A 8.
5 .000,000
1.000
1800
4 g. J. A D.
1«90 1,000.4$ 10 ,000,000
4 g. M. A N.
i.ooo
4 g. J. A J
1891
4.1X10,18)0
1871
1890
1893
SI .000
, through purchase o f a controlling interest la the Alabama tire*!
____ era . and eemtwaw beeame a part o f the E w t Tennessee system
e « CtntOHICta. VoL 50. p. 500; „V. 51. p. 569... E k x t i l duo th.
, „
.
,
I s?' of CUwsiBhati, which «m u * the CtnetanaM Southern. #812 000 t i l
7 . 12
,12, 1891; *1.012.000 till e t . 12. 1800 ; $1,102,000 HU Ort. 12
vt. i . 18911 81,012.000 W i pO c t 12. ls .% . O t t W M O O BU O e t 12
001. and 61,262.000 tin 1906. In November. 1892. company was
wld liable for the par value and Interest of over 0250.000 stock
raodalrutly Issued about 10 years before by a dishonest .Secretary. On
larch 19. 1993, 9. T . Pel ten. the President, v i a sppotnted receiver on
i'UMCd lasolvesmy. Sec CUMMIttUK V . 50. is 500; V. SO. p, 1034.
DtvtDSXM since 1981: In 1882.14 per cent; in 1893.3: in 1889. 3.
a 1890,6 per cen t; In 1801. 4 per cent.
i , ____Kskxntoa.— -J a lv 1 W to Mar. 31. 1893 (9 » months), gross
_ m r F sK sn iM LJuly 1,1892, to Mar 31 1893 i months), m w *
*3,163,781, a«a4. #32117.304 fa 199102; net, #765.184,*«»<• O O M S ) .
1901 -92; M t.:#765.18 u S S ^ #068.M8.
H m w Rei-Okr.—Flecal year ends Jane 30. Report for 1991-03 wn»
a T. 55, p-731
1892.
1801,
1890.
i r«rM 4 J «w m
1889.
ft t j7 9 ,1 4 3 *1,337,489
12109,1 U
item earnings . .. . .*3.655,859
IJ5W.963 #1,354.640 91,137.688
■sstesrnlsjr*......... Jl,143,356
#1.124.121
w itM o
0912,000
tests! M i d ,. .. . . . . . #012,000
t»,ooo.
ao.ooo
180,000
dvtdends..............
90,000
100,750
!«).:>! 2
toad. w e . ..
-77.359
t
4-in
*398.051
0291.890 d -f
*65.807
Net surplus
?
p. 543. T l 1. 1031; V. 56, p. 500 >
-iV, S3, p. 280, 6 0 1,9418; V
g
} C la e ln n a tt Pc*rt»;»iic*«ii4* St V l r _ l n l e . —owns from Idle -.ltd.
Mtumt®. h
X, t*> Sctbtovi lit, 107
^ 'O M humU. 4 m ile*; total, i l l
Ohio h Sfwtktemfem
mm
Mf*rch 13. i f&O* m id rw r^ m ilz ^ L Ptof^rrr*-| #to«?k U vn
o 5 p t t e*tst 41f14e&4*, thru roranioii to 5, tiwa h<*U» pro rata.
July I to M*r. ;i|, I8i#3 tOtKtmit&K). m tvm m tm in m
fm*>.
»7M g>iairl919].085»a
WM,43 » f i 3 » ,» c » l« » * t 434 888 t i n y ta r
i*
.
„
- ,
. ......... .
ens payments. fOdhst. In ls9i> i)i gr,«s. #-—14,19.; net.
IV 52, p. 8001 t . 53. p. 48; V ,5 5 ,p 10$* 1.1
suit**!;
(Cla. i
Sw Umstb!
Ns Y. Winslow, L, A Co.
New York and LondonNew York City.
..........
N. Y.. J. A, Horsey.
do
do
Juno
Jan.
Jan.
O ct
M olt
Aug.
N\Y ..Knlokeri'-Tr.ABos,
Boston, InternatTr.Co.
do
do
do
do
do
do
do
do
Drexei, Morgan A Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 1,-1917
July 1, 1917
1917
Jane l, 1928
1942
1,
1,
1,
3,
1,
1,
1921
1920
1943
1893
1927
1930
Fob. 1. 1893
April l, 1893
Feb. 1, 1897
H ay 1, 1920
Aug. 1. 1038
Jan. '94 to ’99
May 1, 1899
Juoo 1, 1914
Jan. 1. 1934
July 1, 1919
Nov. 1, 1913
July 1. 1940
SVpt 1, 1901
S ep t l, 1940
Jan. 1 , 1939
Nov. 1, 1990
July 1. 1991
I 1 thereafter prior to 1930. See full statement dated Dee. 23, 1892. in
I V. 56, p. 87. In D ee* her, 1802, 0130,000 tie of 1890 w ere issued.
L atest R sa stxo A —July 1. 1892, to Mar. 31,1893 (9 months), gross,
0702J123, against0700.20* m 1801-92; net, #lim,073. against 9100,313.
x% m U i
ends Juno 30. Report fo r 1801-99,
with balance sheet. w «a In V. 55, p, 588, showing grsssa earns. (In
cluding Drc-.u-n nraneh) #967.945; net, $202,793; rentals. #39.583;
t;»t<ss. $25,851; interest, $123,711; dividends. $50,000; c,,pit„l expend
iture*. $19,813; bulane®, surpm*. $3,.835, In 1690-01 0OO2,ft3t>; net,
$2:i9.:isi>. (V. 55, p. 588, 1110! V. ;>ti, p 87. 331. 413, 463,1
C le v e la n d C a n t o n A S o u t h e r n .—;S «> lla p . >—Owns Cleveland
toXauwvtUe, O.. 145 m iles; Canton to Sherrodavlile. 4.3 miles; other
branch,-.32m.; total,2t0m iles. A cnoolldatlon M ay,l«92 (V .5 4 ,p .g4).
BtOcit.-MEl# M areb2 0 , 1893.0i>,lOO.OOO*f'O p ercen t non-ctimnlative
I st preferred stock was author!/-.! to bo used tn retiring a par the old
enmuiattre prefem sl. Tb*> holders of the old preferred paid $10 per
•Bare f‘ »r pr-.vii-.-e o f making the etchange, the proobcdn going to pay
noatfngdeht, wuh the Aoating d-bt out of the way, the maii»gi>rs
hoped to p,< v dlvld-nds o f 2 f«-r cent js-r annum mi the now sLwk. Iteo
V. 56. p. 240. 539. 57$,
Bonus.—The consolldatnl mortgage o f I8*rj for 026.000 jmr mile
covers alt the praiwrty. but no consuls were ouUtondlng July 1,
Is'.cJ. fa the eotnpan.t's t r s t e 't y July l, 1892, were al-o #200,000
■' ii-v.-lm.! Canton A .-smlb-rn , - 1 5s. .0*50.000 Ci.-v,-lutel Chagrin
Fall* A Northern 1st 5s and #035,000 cqnipmcnt trust and Improve
ment bonds, while hills p>>-,v-lo worn 0s.,5 .-. | |, dciwnture Is,mis dun
:«150,000, due on Cleveland Wharf property, payable in 1805,
#105,000, coupon notes due m 1004 and 1896, #47,000. fo e above.
K vgvtxn *.—From July l, 1802, to Feb. 28. 1893 (s months], gross
$032,893, against #403,290 sti 1$91 92; net. #217.222, against $171.03
AJC.r u R uroitr.—Fiscal year ends Jnuo 30. Report for 1801-02
was given at length in V, 56, p. 81, $7, showing gras* earnings
#786.‘>53. a v a l n a t I n 18004) 1; net. $ 2 t « . « l l (a g s t 02«7 ^88 ]i
Interest pat-1, #227,57)1; balance, surplus, #16.035. V. 52, p. 360, 03ft
V. 53, p. 2 5 6 ,1 2 6 ; V. 54»p. 644; V. 5tl, p. 8 1 , » 7 , 346, 538, M % 1
* V 5 8 C ln 5 * iS 3 * % J
< • > «- »* »- > , n m l « » a c M ? « . * l f c l r , . - a » e J fn p .)S«5Se * LDtewte; total operate.!, A imtes, D * - . l ter 00 years to Tim sy-t- m .. I. arty shown on n otn pu n yin g map. Is madeupaefoUowt*:
t r ia d HapM *1
I q i II a o * . t h f n*nU il
. |Vt.' *.;
: twjt. f
n»*t ^Arnlnjni.
h f th# ie*»*r* an.I- f»y
‘
“
1 *urT4fi4.
* , #l,7u** :u ?
i
In t^ rr ^ t U
0 * rn *d d i r f e lly
M ile *. |
ivajttlJb<'««»|>aojr m 4 i “U U ; Clavet«i4t* O-.to Cm lnm bm t O , l ‘ $
A
h tx m d a m i eonirttUrd.
* « toiitjviny join fly.
earning*
<»., m In tiftruii»>iU ... j<*.i i « tncln. Miimlu*»lry A (.’l*»v6.Rjr.—
VZ3- nf#*r» -t on
f 126*000;
to HprtiaicfMwd..,.4.,*, 50 j 5«iidVlty» 0**60 Oayl^iaO.^tOsiTO
In l w
'>!
; n^t,
- ( ’ItuAimmU u*
. . . . . . . IT-i ]
At
R j r l i i - 18
i*mr.
i»jr
&t wfal u I v a n * **
to
31, I
h»
8* # !
f2, -ft. 172.717.
4100
faftbiM ipolt* to E M # SJemli
-.-4.
? Bran
iW 'i ! C^l<tai..
K li*~- 2H
*
Tra*ka&<? la w Otn«inmktl, Ao. 48
" l r '.
,,
t l n e S f i M t i . S a s ln a w 4e t I « e h l « i * w . - 0 ns Durand t » West \
T^taJ liifliid d in m r n a . 1,8.52
'« • ') ) i-vterette.*C h lr. U y .- 56
jr. Ml* - , 53'm f!**- ®nc »-• *$«*»r i ti 18i«. to the Tnleda Rtettnaw Sc
feu
*(yprrntfrt; fitr*t*inux k tp i /«.«■«•i fr —
*ry 1. t 02 tV to the I
v *SK*,“ 0 ‘S .*
tn Ot'toherv 180*>, UfioM UU $
Hi
1
Oitroy III-, to TtJto-?! Si bmitch 247
h Mart’ll lly,
.*i;>2
ml- f*: 4wrwA$tog®
■Tronic i o d €l3, 'P#sfo 4c t »niu 4 T ftin lf f
K «B la l»e A
R ft —
4S
tor a® tormfruiO Coionibon iprlnifflcld A t3n,—
Odtmdmm,
4 ML tiilrxivl Short L ith*. . . . . . . . . . 2
4c. to I8i*2 «#*•«#» pBrninr* wrre
483t n It* #48,61*3
Wh I?o Watm - It a m -*c.»o* tad., to
] f hivt*>n A lln . UK.
t
that Co.). •*T
,306—pa|*l b y
t t.O>»» ;
■»■
i « ® p#sn»
tor
I I am r*t*rw a# trsd....___ . . . . . . 62 \ Tmc*ka*f<* HI.f>-TtL IntiK-luaaKo. r»8
CrnsSf, ft?®cke$1 , * > * * '
*V. 5»I, p, (>454
CM Wm ir**h& Miehljpiti a y .—
ii.
I
iMt ®^S ,0 0
h G,
000 0
O.* to op-Hnct(cbl.. f»;
#
320,000 w rr trr »
rre ** m
to.&ST, L.
Bori'fc»to Mart*,. Mink* to fiu*t**
I Oraml total, June 3 0 ,1802.2#SI'» l
Ill* 0*, t«3
!»% r » 4 ,. ......,206
if alibi© t r u e k ................
44
■ ciaM rin fi»tf 4r % p r ififfiir l4 y--><b * ruto
*#4
**tli cr coni’ I O f hr litim os#____
64 J
'prtc^flet4 pO., oo m ilii. of whirl* 32 utiles
10*1 C4nt*itonsil Chi' ..
Tti® wb
41
D «W
W
4cht, or bond* all n w n 4 by CH
©*r. f in . CWo, A 84. 4
:tt»d-lt»Oti 3 .1 4dopot I I, 4 i wojparato *tot-<*tn©tt4 for till* e o ia p n y .
11
mm &, SL ton?*
■c** c»-rr.r
®s |»© ^«s.e e *
Tim co?|jp$*oy la alto
owner o f the Pahrta A Poidn thaiton
ttoMfift. frttonswt i» ; £Tijir$».i*to«4 : a y.4«itMMb'Vttfiih
s
•a4 htotT©*# o* Cuiei
tt,i the Tcrmitoal RjMIrosid, A*wictatb»*i o f « t ,
s
mm**** an#!
by toskc Itoolst jitod l
o thf Ir^t nwrtiw-;'
nw m *t of tin* Iwli»n#i>oIis 11talon Haltoay,
I I ,IO0.€*C*O yn#r
votiu *
•botS A Mi-r* ->
—A cotinolbljiMoa of the <0»tdnnji4l fadhiniipoMa 8f
m m tMU.tr KT€s
r Clc t c lafirt O ihjInoat! ClWeako
<*rwmm #*» i *i, i Ao j >-•
h.
.■
: i t . ; Itoill?* # di.Ie»Mp> Railway ('aifitjtftoy, the O ^ re k a d OolbtnbUH Cfeacln* 84 lo o n , ti
itati Jr Ia4lni$«i«tti* Italtway Cotam-oy n.tid lit© la4ISItasa>I n .v 8t» .Louis
.'* . In rr•ar ending JU
Sm , §m g* *
h r**
iti. July. 1889. ft
flic
$net,
$
dclicit underifttof© WC* ^ . BiiBwa? OotttpsMijr* tnawbi J^oii# Alton A TarrwMl lotiit oo fmain *«*ijad1i'6
f U ' i ifl,.
© ^ a # «!
Vstodorhlft riowl**. Th©
» t
lino
f Ir a r fb M A M
it* B »* »t? f% « /Itoj-Otat brhucta wppb pumba**m|»8t,. 181*0 for f lo.OOO.OO*) o f 4«per <w#tit ixiatbi.aioi
. #
r*l»•
& */
to
ti libill, Iiw s Silt#
*k « .# In Ixwf#
to, Irom Ito Itol
oade ©omidcto d to
th»* mitlrc M
tonclt f tho (
Cliictuio
;Itecch itmk H ., m , Lw ill dstring ruT to, ami la 189'» ioi**>4 th© f*c«»ria A oRs*tom%iin» VlriooiiatHInA l him# ol.-o
porw
ilW
B
fwhich
;n--:
to # Piitobiirg-^' praoticfttly ‘oh^wtrb rl the Coitimhtas w
i> iJ NPf t#
MBn
:'|#jitoirltoM A Glridnnntl and tho
V
*hlch * r r - » t I rthtol paynbln In gojtil and ccpN 0 d | ,* cen on Ulndnaati 8;it»dti«ky * f*!*‘v-iand Tim ■ritire common 8-rmdf of tbo
w.f tIK
!
^65H
5yp6N t Bf k m hpereO i on to n a, th tolli to■ i« jR
0i»
d
to * g iar#ntcorl» Cinoitirmtl Ban «*fey A %
H
> d **
Cl«irf»iat»4 t* ow nol and under a
A A is. by mo- to
f»| , .
; on each. {V , p. p V l» >p. , ; till 11**19 ititcrejit in poidem It© imxida and dividend* on but*© running
*
Ua preferred
ttoek, ifife c V. 5.1# p. 4.77,. 0#y§.
,Uror*d cm i*mbft«
c
*ft.aflwair,w « IfayJ —
#
Owns *’ AS’fTAi.
T !i« eo!i«rot o f a tn^Joiity* Interest, o f the preferred
tots ll (uiiofi, ' ,f to € Wb s, * ., Ml h -I^
«IW S u >
illeft fo m * Kliiclr «<ff’W!k:lirddera fa mtuirtnl
h ;
tm U
*
>
j 4 m
i tilw
*and trm
fkagc, C f*. r M
y.#
•in
*telfftigun* Valley B 1ea*e e.rcentod. Aeoontlluj?before any no a* boodaean b « latmod or an* to Ohio “ tntttbw eomfmny htm prtvlldf.c o#
to*vtlte. Id miW—»)m w total* H a.
MftSrnf to
iiin
“< ilE :
retlrtritr preferred stock at par after .I tine 27, J*9*2. On Jan, l, 1896
to In friftolm nB tn i| *stn r# filza*! u loi* ttji# th i-ommmi afoek w»m
and it ha* b-*» n inerea o l to prt#
■l
m
HjSfonr.—8old
m
d
itfei In January. 18^6. In March. 1092, p *r *>».« hTt^rc#to4 in Ohio I * n.1 I f p t t to fteqtiir stock* o f lto**« absorbed, * te. Totalsmlionia*u By
fttoekooldcto was ,f28.7(to,0<M> July l , 1892*
ontftern Mqnired c*mtr>l.
nfRrnr#, V. 5#», p.
DtftM S'tt' — i •*ku and 1887, »m * h S per cent: fo r 1888 an4 1889. ! 0 rrti>r.»fe*.— O n p r e f e n w l sto«dc l M p e r c e n t q u a r te r ly to d a te
-In
"
tk'fe. 4 p. c*;te *«fw> i p, ii»; in 1001 I p,
ito K o v .; in 1.092, I H la Oct. . On common, In 1890, 4 per eettfe (1 p**r cent tmltisr «^*ftrn m July), n
y
_ Boitom,—The wjttipmftut bond* (authorized to a < tal o f ,«-0!MVX*Ov or : 1091, 3 p, a.; in 1802, Jan., i *« p. e,; A ujl, 1 ls; tu 1803, Feb.. 15 p, o.
t t fi, to
Mo
,|,0 1 4 4
|2 5 1
410
8
11
8
27
30 1
0
0
1
54
4
0
ikj tot©Tc«t
7
5
858 894
8
4
12
8
^»fp|p rm
e il*
4 97
aa e n
sod
art* .*%
ocn«?t I ,
1
94
Te a
hy n
n>4sef»sl>l« at iO O ;
PBtCg<*y STOCK.— ' OTiimoito*In 100058% to 78%; to 180O,s*»?>M»8OMd4
and af 10 3 rind Int ••"O on a tty An.git«tj 190T, T ^ x u ” 4% ; M 1892, 3 7 ^ 75 ; tn 1893 to May 19 1 0 0 1 .^ 59 60 ^
$
lb
INVESTORS’ SUPPLEMENT.
M AP OF THE
lvi.
(The Mt. Vernon & Pan Handle Route.)
[V o l.
CLEVELAND, AKRON
"> COLUMBUS
RAILW AY & CONNECTIONS.
M ,
at
RAILROAD STOCKS AND BONDS
1898. J
45
c
Jacksonxf
\Ibion.
■htabula
Union
►rtngboro
I Cambridge.
Jefferson
linetville
Andover,
.Carlton
,CH AGR
F'ranklii
lOLOH
.Sharpe V.
•rafton
Grange
»lleo
Mercer
Md a
e in
Akron
’Canfield
Suffu-Id
Mh
k lrr
Ilart Vilk
rr
ala
J Alliance'
Wilmington*
y
Jc.
J
^/fow Cattle
\
/
Coaltown Jc.
£ew Cajttle Jc.
0 rn» ilj
/$
//
Gallon
A?
Gam bn
2»ew Lie bon
Rttp
JUSTU%^
N AVA RR E/
ftaUaertlle
Beach « ltyA % o
I)u d
n«
Independence
MlUerabcrj
VIL k l
>"
Jeddo
Danvine,
Ml. Vo,
Do (aware
X-allery
{ Jc-
Bart> M ill*|KP '
K
It. Gilead
\B
earar^
Ba a Ar*liaa
a v n Hc e u
oh
"Cadiz JcN.
p .st.iL p
.c
c
Xe*n Cumberland
J |
Imperial
E
BuW
_
Ung Jc.
■
COSHOCTOI
B th
o?
Cambridge^
SiC iaJnV .t
ftX lalr* V Jc.
j WMEELI
Beo«ood
Z A N E S V IL L E
v
„ Darlington
Mounds V
^ mr t
m efied
/‘S—
r -.*?
WtOCortCrO
W ^M KH U g
Clarington
Martin* V.
Manning; on
Fanning
•Falrmoni
A1hens
Flrmlngton
a
*
XNYE8T0 KS’ SUPPLEMENT.
[Vol. lvx .
J
Rj
LLLXw
UAD
J U T , 1898.]
stocks
and
bonds.
4 7
6 u b a c r lb e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t i c e o f a n y e r r o r d i s c o v e r e d I n th e .s e T a b l e s .
RAILRO AD S.
■' . ' . -------------------------------— ----------- —
■
----— : Miles ; Date Size, or
For explanation o f column headings, A c , see notes o f
of
Par
on t o t page of tables
Road, i Bonds Value.
Amount
ife m fe -IT ffig r.
IN T E R E S T OR DIVIDENDS.
pal, When Dm*.
When Where Payable, and by Stack.-, -Last
K ? £ n f r Payable
Dividend.
Cleveland Oik. Okie. d* St. L o u is f C oncluded)—
1GO year mortgage for $50,000,000 go ld ......c'.vr
$1,000 $5,000,000
4 g. J. St D. K, Y. Drexel, M. & Oo. June X, 1993
OBUOATIOXS FOK PaorKtKTAKf LINKS.
G notim atiLafayette A Chicago,1st m ort, gold.ts
792.000 *
7 g . M. A 8.
do
do
Sept. 1, 1901
Cincinnati Sandusky A Cleveland—Pref. stock
428,850 b Der an. M. & N. New York and London. M ay 1, 1898
Consol, mort. ($3,000,000) gold (See te x t)....... a
2,511.000
J. & J. N. Y., Drexel, M. A Co. Jan. 1. 1928
Cincinnati A SprtagSieM—1st mort.. In t guar.. ..a
2,000;000
! g* A. & O.
do
do
Apr. 1. 1901
2d mortgage.......................................... ......... <
_
•
125.000
7
J. & J.
do
do
Jan. 1, 1903
Qlexei. L or. .< Wheel.—CL Tusc. Val. A W , 1st mort
•
700.000
7
A & 0. N. Y „ Un Tr. & Cleve'd O ct 1, 1898
Cleveland Lorain A Wheeling 1st m ortgage...... c
150.000
do
do
July, 1895
6 J. & J.
Car trueis .......................... ......................... . ...
OUseland 4 M o tio n in g Pal.— 1st mort., e x t........ e*i
n rc
P. A A. N .Y .,Wi nsi o w , Lan. A Co. Aug. 1, 1893
p *
______________ ______ I
3d mortgage (now i d ) .
f
487,900 :
51. A 8.
do
do
Sept. 15,1896
ConsoL mart. fo r $3,000,000, gold ................. e.tr
1
1.500.000 i
i
do
do
Jan. 1, 1938
1
5 «■ See text
Oteeebtiut A M arietta —1st mortgage, g o ld ............
590.000 :_
b g. F. A A. N. Y., Cuyle.r, Morgan.
Aug. 1. 1937
OHM. if P titib .—Stock, 7 p. c. guar, bv Penn. Co___ !
11.230.850 7 per an. Q.—M. N. Y „ Winslow, Lanier, June 1, 1893
Consol, sink. fund mort. for $5,0O0,OOO,at>l dr’ n . e
1.645.000 1
M. A N.
7
do
do
Nov. 1. 1900
Den. mortg.. gold tgnar. Pa. EJK.I series A ....... <r
3,000,000
J. & J,
do
do
Jan. 1, 1943
do
do
(lo
199 . I 89 g
series B . . , ___
436.000 i
!
A. A 0.
do
do
Oct. 1, 1942
Constr'n and equtp’ t toe,, 3er. " A , " t o n a t 100 ..
850.000
.1 A J.
.
do
do
■Ian. 1, 1913
C oM trookd att- 1st mortgage-......... ....... ................
600.000
6
J. A D. Phil a., Phil. & B. OHiee. .1une 1 , 1898
Colorado M id la n d —bee At. Top. A Santa Fe system
Ccium M a 4 OretneiUe— le t mortgage, gold....... .«*
0 g. J. ,fe J. N. Y., Cen. Tr., 54 Wall. Jan. 1. 1916
2d mort gage. . . . . . . 1..,
. .,
<
,
6 " -A. & O. Oct., ’92, coup, lost pd. Apr. 1. 1923
Columbia its wft. A Laurm tt - D K M J o r f 12*000 p j n , e
6 s. ,J. & J. N. Y .I Balt.; Colttmbia A m . 1937
Cotumtms 4 C in c in n a ti M id la n d —Common stock
Preferred stock (sets remarks)........................
. .. .
le t mortgage, extended, guaranteed ............ ,
18S.1
1,000 ! 2,000,000
4%
J. A J. N.Y.,Farmers’ L.AT.Co. Jan. 1, 1939
o rte a u u w , guaranteed.................................
1800
240,000
J. A J. Balt., B. A 0. RR. Co. Jan. 1. 1895
Columbia! H ock in g Valley rf Toledo— Common stock.
100 f 11,096.300
Preferred 5 per cent stock, nan cumulative.........
100 j
>3 per an. J. A- J.I
X. Y „ Co's. Offlee.
July 1. 1893
Ooiambue & Hocking Valley 1st m a r tenge... <c: 121 1867 '500 Ac.
/
A. A O. N. Y., AttanHe 'lYust Co. Get, 1, 1897
d o t * Toledo 1st M. (Otom im s to WaU,ridge...c' 118 1875
1.000
2,500.000
7
P. A A.
do
do
Aug. 1. 1905
P0 iso8 «s: to 1892, 9 1 % « » « t t ; in
, . t o . b » y in tortus!ve.
j 250 is held by the '‘ Atlantic First Loosed Lines Rental Trust Co'..
SosfPA—Tile C in c in n a ti In it ia l ________H-om * _ C ......
A
r i$ $t, L ___ _ & hicago 4 p ercent j w o ite d ,” o f Loodoo. Dl^deuds are 11 to-12% per cent per aanam.
a ortgace for S10,000.0*X> ’prill retire ail prior bonds as they falfdoeT*4
1
C le v e la n d Ac J Im rf© ifii. —O w m from Marietta, O., to Canal
T-- stakaig fund prevision o f the C U tela n d Colum bus C in c in n a ti 4
M e a n a p o U s consolidated bonds o f 1871 m ay !«• oatwnfled at option o f Dover, aad braneh, 07 Ballet, and 8 miles, Valley Junction to Canal
koMere, aod die bonds so stamped. The principal o f thn«o bonds Is Dover, leaned. The t#ad was foreclosed, for the second time In May,
.salable in gold, bat the interest 1* payable at option o f holder cither in 1886. and Jttorgan1sod. Stock, ^ r J*00O.0OO~par $100: ear trusts, June
$l$0,770s From Jua. i,_lS93. jto Fefe. 28, i893 (2 months).
lawful money at rate o f “ p ercen t per annum or In British sterling 3-0,
money at < per cent,
5
® the LtufianeepolU <f St. Ltm i* Srst snOrte-ag® be rule senes? > y ”
,J. & J.i series ' ‘ B,” M. A 8.; series# - C ,” 51. A S'.-, and the 8500,000 six
per cents are owned by the Prtmsyivnnla i;L i
The bonds of 1889 on the C a in , V o «-.«.«/ »
Chicago are bond* o f the
C le v e la n d Ac W *ittmbu e$£,~-{J$ec Map P m m $ i0 m n ia R a ilro a d .
Vteyeland Cincinnati Chicago A m . Lanin Co.. but are rtwitfed by a mort
veiana,p,., to Eotihe^ter, Pn., 124mllc«it branches—Bayard, 0 „ to n ew
gage made by the Cairo VItK»sna«*«lA CUleago Company,
P h il <telphia.31 mil,**; feUo*.v creek tu Ikdiaire, 43 m.: tradkMtc* RoohOf the 910,000,000 St. I.o n i. IH u itio n boasts o f 1890 feaned to Uie «t. enter to Pittsburg (Pltisl). Ft. Wayne A Quo.,. 26 miles; total, 224 m ile*.
fc.’! 1 * " ® * * * Terre Haute in payment for Ha mala to e , bond* for
;
hi. v« b
1671, to Pennsylvania S R .
jto .o 0.000 are. reserved to retire all existing lien* on the road and Ohs. -vn.i— leitwsl for 909 yours from Dee. 1 , Co. Rentel,
lease tnnj<ferte«i to Pennsylvania
cent on
$230,000 bonds are held to. a stoking fund ?<«r the issue, bond* to be existing capital ( 1(1 per cent on the old) and $ 10,000 per 7 per for oomyear
parehaaed at or under 10,
w i o e there.frwai—-no bon*!* draw n. pany axpetiso*, the lessee* .v.-muing all liabilities. Scrip out. $10,464.
For fan abstract o f deed of m m .
V. 52, p. 42-15,
A » to the C in c in n a ti Wabasft ./ M U h I ^er cent#, *«# V . 52, j». f t * ,
Bosrps,—The general mortgage 1 for $ 10,000 ; 000 . the bonds being
*
Thu 100 year m ortgage ..f l s ; « i.« ii iP ‘-d D $50,000,000, e f which :»U .'Vitally w a r d and guaranteed principal and Interest (endoreed) by
>
#29,252,0«jO reserved
retire .it
•! *
r mat* u,<- Penii?) Iran ia KR. There b a sinking fund, hut none o f Mile issue
fffaiMlinif on the various ,U <^i .-exeluMt1
b
on the Cairo division, c.iu be called for payment, See V'. 63. p. 639, 754, and V. 54, p. 206.
s-uaiarit). V. 5(1, p. tan.
the Peoria diviaion, the Michigan < ivii4su and the Sl« Jhauis dlvhilna 1036.
lk
\
mm% o f Terre liaate>. Of the balance $ 5 ,000,000 w m e m M at once
In year 1»',»2 rite profit to lessee was $110, against a toss fit 1801 Of
m
fo r d o u b le -tr a c k , e q u ip m e n t, ric,. « i the remadniiij? $15,740,000 can $14,795. against a detieit ut $2,517 in 1.890 and o f $229,740 In 1889
■
fee- !«e,a#d o n iy a f t e r J u l y i ’ l$ 0 4
new cnsAtnicfion, etc*, at the —tV. 34, p. 78, 202, 203, 206, 1036; V. 5(1, p. H ji, 332 , 601.)
m rn o f 0 X jf m tQ W a year. See V 50, p, 578,. 7P2
*.
C o lo r a d o 71 Id I a n d .—See A tchikox T o i -kka A S anta P e S teve * .
H In m QO t.ion whether o r sot Um C in c in n a ti S a m im k u •* C irrH a n d
ftw
C o lu m b ia A G r e e n v ille <s, C .)o -tS e e M a p o f fliehm m u l 4 D a n mrkwm o f m m are now a find lien, certain p rm m m elaitnin# that the
riffe., -T!»- company owns from Columbia to Greenville, 8 a .
preferred eteek U secured by execuKHl lien of prior bond* In fcnmt.
143 mure; tunnel!,", to Ablmvllle and Anderson, 21 miles; total.
stolgf o f Afv
*i'-^7 l * 1.802* there were outetaodin^ $103,- H U m » « . Also own* Laurens Railroad, 31. miles, and lease* B in e
payahic and $;iw),000 c<cfD
:ipsrM -f boitd«. Oh .Dec, 1, 1892, Hldgc Knilrond, 32 m lk », ami Spartanburg Union & Cot. U R , 6i* ml tee
m
f d m & r n p m . & In,C 7a m atum l ami -we,re m ta e e d by 4 « of
' aa
H teron r, Sto c k . Brc.—Sol4 In foreclosure Ap ril 15,1880, and r&lo the 100 year f&ionrtgftge eAecvtfed is l BBB «ee above.
organise 1 frefbrred stock, $ 1 ,000 ,0 0 0 ; common stock, $ 1 0 0 0 .
i je m m JEAiotuPcsa—For 9 moo the- mAXast March 31 rceulta w e re :
900; par o f -hares. $100. Due Rich. A Danv. June 30, 18)11, $ 192,604
f n i.t rental*, tic,
Jtal. m rp , All tlu- common Stock I* pledged by the Richmond A West, Point T er
1>502-93...... 9 11.11 *2f20
>
$2, g92,304»
B1,985 *>»;»)
minal cornoany, under its collateral trust o f 1887. and In May 1886
$806,
----- 11,130,^63
.'*,*250,356
2,04-1,475
1,214,983 the road w&« teased to the Richmond A Danville RR, Co., which u t !
. -A n u a l Rk roitr,—
n
year etiile June 30. Animal meeting ia Interest due Oct, 1.1 $02, on the 2d mortgage was paid in J tumary, 18 93,
E a r n is o a —In year ending Juno 30,1802. gross, $750.709; net, $153,report for 1991-02 pablUned
at much Imscth w ith balance aheet, A fc .t n v. 55, p, 571, 580.
16 3 * interest, 8 I 80 .IMK); rental-. $77,987; I,alanee. deflclt, #104.823
In ISIKbOl gross $873,484: net, $223,084 (V . 53, p. 941; V. 55, p. 371.)
Tear end ing Ju n e 30-—
is m
1891.
1992.
wf ,................. «A C in c in n a t i .H id la u d .—Owns Columbus, O., to
*, t & m
1.53.3
1,588
,.... ,,,,
.,*3,422,973 ■ *3,649,505
$3,8-2-4,201 , Midland City,O.. /I miles. Opened hi November. 1884. Affords the
0 120 )1 7 toUumore A Olito
.. 8 J W $ S M
8,606,219
0,129,417 ! bt.'K-k. common. $ 2a dlreet0 route between Pittsburg and Cincinnati.
... .. .... .
.000 .0 0 ; preferred -non-voting}, $1.000,000. In
8*7,433
630.692
631,768
.......... ...... , . . . .
. ..
,
to Central Ohio, i,y whioli aMdgned
$13 585 380
*
812,639,145 $12.868,616 $13,385,380 ’ f'* Haltbuore A tlluo. Heo V. 51, p. 718. The liniMmore A Ohio assume*
O p y m in g Bxpem w * a a d
9336,542
5f
* guartmbic of principal -ml Interest o f thti bonds and
.. 8.739-162
9,103.993
9338,343 Ul® 1 ‘
B e t * * r a ia g » . . . . . . . . . . . . .
R e n t a l* __ . . . . . . . . . „
.............. .
. ,$J,«•>•.),903
..
206,51,3
57,019
$3,694,623
245,823
82,038
.$4,223,125
. .81.783,257
..
9m +m &
. 1,320.0110
1 1,940
*4,023,334
*2,123,303
469,400
1,318,322
10,702
*3.746.944
232,730
11,342
earning* m i f . n .
net. $114,202; interest, $100,800; dStolte
*3,990,016 *06,098. against surplus in i8 60 o f $ 1,012 .
toterewtou t»m ,U
C .,1 I I m b " . H o i k in g V a lle y A* T o l e d o , — IKee Jfap .)-O w ns
*22293,643
276,332 | main line from Fomnroy, <>., to Walbridgc. O.. 250 mile.-, with track* ga
1,340.000 (bcrthwirst U jd ") Mjalhndge to Toledo. 6 miles; branches to Athens,
g
New titratteviDe, Belsouville, etc.. I i tmire; total, 328 miles.
_
.
1 H sstoet , A c ,—A consolidation In July, 1881, o f the Oolumbna &
_ _
.
BvSfptsa
Btunii..
.
$163,311
$101,5(11
*90,743 Hocking Valley. Uolomuus <t Toledo and Ohio A West Virginia. T h e
s o o 'v54. p, - , v • 'M4, 52-> 1K,!: v *
m *-■?.:’
'
I*- 374, 371. .isii, 598; V. 66. p. 1capital stock „r $1 ..-,110.000 of the Hooking dual A KR. Co.. coutroUl ng
590,.a m . 792.)
r u 57b ,
j lo.QOO&cresof coal lamia. *>a* parohasodtu 1861 f o r #$,060 ,000 . T h e
of iutenMt fm Tolwlo A Olii«i O-utnu 5s waa disciaimed in
A"hoc line,
” *. i m i , fey pauiio uotiw. gee V. 54, p. 436.
*JB llk
(J iM
-In Dee., 1891, $*2,500,000 prof, 5 per cent stock, non-cram&marphtkicrdu
"UW M UK. o iu fjiy —4 . e i i i i u o i , , ^ i i
.
v»»s iuithort3k5d, $2,000,000 feeing sofa to old st-ookholdera at
U ’7 ™ !
td.WMJ Ouo; par. #loo. in March. Is iu , a Urge I ••»>. pnumeda t" pay $ , , 7.000 bond* due January 1. 1692, eto. The
B
Uj? r !:*
->>■
too
,I.,| it, the Cumin nut! - I'fO T r c l stock „ rwloomabte tit tlioopUon of the company at par at
o w n ed *!!"* n S 1" 0'
”kke
* Michigan Southern Jan. 1,
i any time after three years from its date o f issue. See v. 54, p. 446.
owned e lb u . lis ) comm on »n .l $ 77 4 ,4 0 0 preferred.
UIVIDKM'H.—Oil common stock since 1881: In 1863, 21* per o a n t; in
M&imtMim.—j & l ~
i
"Jte
I
:w * ? '~ <« month*), gross $669,996.
[*sl la stock; none since. Dividends
afatosi $.»J0..«4 to to, 2 , V " hot, l #112,161. against $133,321. j „ 1July, 2 ‘s per cent; in 1893, January, 26l; July.on upreferred; I n 1892.
1891:
->
- 2 i>rr cent.
me.. $623,3 >3; » ■
tuten-st, $59,OiHh ! Bntic k o r Common Sto c k .—I n I860, 20•«*45% . in 1887, 15W3 9A;
* * « | r r oK
...
* » «* wv > ; to I W h 11 * 28H; in a fj W ) 1-§ ^ n i3*j% I In j, 8 9 L
* , in
cm.
in 1890, i r «,«8 2 "4 ; in 1
t
to » f V w 2 ?
»
M rn i ate- L Z m e .fre m ,ft( ;. r ! » f-Mit, ote,
i vj - a 1 p fo ,! " .
its
Dividends ' why 2 2»3 44 m in fnilo 2 7*40; in 1893, to May 19. laolusivo, 2l®32%
ma h
*
. ■
Dividend* on lire- P/JlscAi'-kt 1 7 »3 «.k nn d io - i«% io iw ia \r».* to i. 1 *(«>a o iia o o i. .
to 1692.
fe rre d stun* tu i $ $ 7 ,3 p er
a t. in 1888 , 2 per c en t! in I 860 , 2 per
ce n t. IV. 52, p, *305 v . 5 _ ___________ V, SB, p. 463.1
(V , 62, p.
Bosre— O f the consolidated mortgage $0,300,000 was reserved to
.»4. p. 92.4,1017;
meet the prior Ileus; but in 1892 $7/71)00 consols reserved fur sam e
« * | » o n j M5 v » U * y 4
J
*~ow o* fr m n Vtmrrimmh (>.. to amount of
jn-r vent* due Jan. 1. 1892. were canceled, the 7 per c enta
. .
.
havliie been retired with preferred stock. T h » “ Hucklug Oiml * Kalfe
m t& m
- l^ ^ 1 U) t*»« . w Varic IV,,u. At O ltio j road** Jotoxt ia making iihmc minds, i lie Central Trust Com pany 1»
to tno
I ork I’ enu. « onto |
te i
l f
t e m i - i . i m per year. O f t n » UmuU of i h* h (tnh- 1 trustee. The general mortgage o f 188 4 for $2,000,000 covers t-h« road,
r tfim 2 S T c MmM J ™ * } p tmP*ny* $1 - i l l ,»nmi w ere r*-^ -rw i to ’ and is also » mortgag on the coal pnipertv of the •• Hooking C o a l &
0 prior iwudg in 1803 ami 189G. Coupon luiere^i i» J. ac J.f rog.s- Railroad Company," win se stock ia owned by the C. H. V. A t :
48
INVESTORS’ SUEELEMENT,
[V o l . L V I .
M a y , 1868.J
RAILROAD
STOCKS A N D
BOKDS.
40
S u b s c r i b e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d i a t e n o t i c e o f a n y e r r o r d i s c o v e r e d I n t h e Bc T a b l e s .
R A IL R O A D S .
Bonds —Prinol
IN TE R E S T FO R D IVID E ND S.
Miles
Date Size, or Amount
pal, When Dne
For explanation of column headings. Ac., see notes
of
of
Pax
Outstanding Rate Per When Where Payable, and by Stocks—Last
on first page o f tables.
S o ad. Bonds Value.
Cent Payable
Whom.
Dividend.
Colum bus K e e k in g Valley <t Toledo—( Concluded)—
CoL A T o l. 2 d m on. (Columbus to Walbridge)
Ohio A West Va. letraort. (Logan to Pomeroy)..e'
Consol mortgage (for $14,500,000), gold.........o*
Gen. mort. .gold,on road A Hocking CoalA RR.Co.e
Col urn. Shaw. <f Hock. Stock ($2,000,000 Is p ref.), I
l e t mortgage for $5,000,000, gold.................... e*
Eqnipn. t.M.. sub. t< call afte r’96,($1,000,000) g.e*
>
Zanesville Term 'l Co. 1st m. fo r $500,000,gold.c'l
Sandnsky A Columbus Short Lin e—1st M,, gold.o'
Colum bus Southern.—1st mtge., $12,500 p.m. gold,
Columbus *f Xenia—Stock, 8% per cent rental, t ___
Concord 4 C larem ont I S . U . ) ~ 1st mortgage.......o
Concord ct M ontreal—Stock. Class L (B. C. A M. pf.i
stock. Class n (B L C .A M .o e w i..................... .
Stock, Class H I. (B. c. A M. old stock)................
Stock, Class TV. (Concord) $0,000,000. See text.
118 flSSO
S5 1880
323 1881
325 1884
iio
no
4
no
88
55
1890
1391
1890
1891
1889
1874
,.71
I” *
166 1881
Concord A Montreal consol.mort,for$5',500.000.c'. 262 1890
Ootm . <t Possum .— Pref, stock,5-6p,e.renT.99rrs.e*
1st mort. (White Rlv.Jimc. to Canada line) gold.e* 110 1893
Maasawtppi afk . gnar.same div. m Conn. A Pass..
37
Newport A Richford 1st mort. guar, by C. A P.e*
22 1881
Concord * Porte.—Stock, 7 p.e. ra'l, 90 yrs. C on ed ..
47
Connecticut Hirer—Stock ($2,670,000 anthodxed)..
80
Scrip, redeemable in ten years in cash or bonds..
so 1893
Connecting (P h ila .)— 1st mortgage, endorsed....... e
7
1864
C ornw all A Lebanon .,—Stock.........................
24
Old bond* unexchangod................ ..............
24 1882-9
S ew 1st mortgage for $$00,000......................... r
24 1891
$ 1,000
$600,000
1.584.000
1,000
1,000
1,000
8,000,000
l',000
1,000
1,000
1,000
1.000 i
50 :
>00 Ac.i
100
100
100
100
1.0 00
1,000
100
1,000
100
1,000
100
100
1.000
50
M.
M.
5 6- M.
6 *■ J.
7
7
A
A
A
A
8. N.Y., A tlan tio Trust Co. S ept 1,
N.
do
do
M ay X,
S.
do
do
S ept 1,
D.
do
do
June-1,
1.618.000
4,000,000
3,499,693
| g- J. A J.
445.000
6 g. A. A O.
450.000
5 e ' J. A J.
2,400,000
5 g. M. A N.
1,087,500
5 «■ F A A.
1,786,200 See text. Q .-M .
500.000
7
J. A J.
800.000 See text. M. A N.
540,400 See text.
459,600
4,200,000 See text. M. A N,
500,000
6
|J. A X
4.174,300
,
4
;X A D.
2.500.000 5 per an. F, A A.
1.900.000
4 g. A. A O.
400.000 5 per an. F. A A.
350.000 j
5
IX A J.
350.000 i t per an. IX A J.
2.580.000 (See text. See text
1.390.000 4 per an. J. A J.
991.000
6
-M.tsAS.
800.000 4 per an. X A X
81,900.
5
X A J.
718,100 I
5
A, A 0.
1900
1910
1931
ISO*
N. Y „ Hatch A Foote.
N. Y., Metropoll Tr. Co
See Hatch A Foote.
N. Y., Metropol. Tr. Co.
N. Y „ Central Trust Co.
Columbus, O., Treasurer
Bost., Treasurers oflice.
Concord, Co.'s office,
do
do
Jan. 1, 1940
Apr. 1, 1918
July 1, 1940
N ot . 1, 1941
Feb., 1929
June 10,1893
Jan. 1, 1894
M ay 1, 1893
M ay 1, 1893
Concord, Co.’s office.
B’ston, Faneuil H allB 'k
Boston Safe D. A Tr.Co.
Boston, S. Dep. A Tr. Co.
do
do
do
do
do
do
Bost-AManchester.N.B
BpringUeld, Mass,
do
do
Phila., Penn. KK. Office.
Co.'s off., Lebanon, Pa.
do
do
do
do
May 1, 1893
Jan. 1, 1911
June 1, 1920
Feb. 1, 1893
Apr. 1, 1943
Feb. 1, 1898
Jan. 1, 1911
Jan. 1, 1893
Jan. 1, 1893
1903
1900-'l-’2-’3-*4
(f)
Jnly 1, 1902
Apr. I , 1921
Company own* equipment costing over $5,900,000 free and clear of tension, 4 miles; Pemlgevrasset Valley RR., Plymouth to North Wood« « * * » « * • Also equipment covered by ear m ists to a total o f $457,- stock. N. H., 2 1 m iles; Manchester A North Wenre RR., Omlles; Nashua
OOO, interest 6 and 7 per c en t In November. 1892, company con Acton A Boston RR., Nashua to Concord. 24 milCH; total leased, 136
tracted for 1,800 cool cans, 30 ton capacity, which will be charged to
Belmont,
Operating expenses during 1893-5. Bibs payable Jan. 1, 1893, $321,700. miles. Operates lines toKeene, 30 Jefferson. Alton Bay. etc., 50 miles;
H Interest In Man. A
mile*. Total operated, 425 miles.
From Jan. I to Feb. 28, 1803 (2 months), grow. #526 - In addition extensions to Berlin Fall*, etc., were completed in 1892-3.
995, against $460,229 in 1892: net, $208,272, against $176,897. ’
O R ru su u Ttoy.vrU e Concord and the Boston Concord A Montreal
.I* ? c
K ki-.-kt , - F iscal year ends December 31. Annual meeting railroads were consolidated in September, 1889. forming this company
w ill hereafter be held the third Tuesday la March.
but the constituent companies retain a nominal existence to preserve
the legality o f certain tea w *. in January, 1893, Boston A Maine sought
T e a r e n d in g Dee. 31—
1889.
1890.
1891.
1892
authority
Oroea earnings................. $2,496,319 $3,056,752
$3,263,554$3,372,595 from MiMsachusett* State Legislature to acquire the Concord
A Montreal. steo V. 5 6 , 2 0 5 , 483.
$1,415,556*1,482,141
Net earnings.................... 31,007,692 $1,309,200
S to
Miscellaneous..................
26.333
32,147
40,37110,000 ck .—'The BosPm Concord A Montreal preferred (Class 1) Is entitled
to 6 per cent yearly; the Boston Concord A Montreal new stock (Claes
Total receipt*............. $1,036,027 $1,340,347 $1,455,927 $7,492,141 II., and old stock (Clast* I I I , amounting to $459,800) are entitled to
L ite rest on bond*....... .
$997,820 $977,420 $077,420 $023,030 not exceeding 6 per rent yearly out o f any saving which may result
from the refunding o f the present funded and floating debt of the Boston
Interest on car trusts, etc.
12.950
38.205
60,850
55,782 Concord * Montreal. The Conooni stock (Class IV.) will receive snob
"Ink to P *. HR. on ieascukc.
24,658
24,490
24,525
26,804 dividend* a* may !> declared after providing for the dividend* on f7 a *» I
*•
Dividend on preferred. .
. . . . ___
50,000
'
!}
***** '» * « increased from $3,000,000 to $4,200,000 In
Balance, surplus
$599 *300.2:53 $393,132 •$»36.S!K> !h.>.-J. See V. 55, p. 421. class IV. is the only class of stock that can
J iite re a -d , and of this the total amount authorized by A ct o f Lci-ls**1
’ O f this amount $226,185 was spent for
■
■
•tudm cUon. A c., sad Uture 1* $6,000,000,
? } ? 5 '7,i5
*9«|p«ient. leaving a surplus of $14,033. ty . 34 . p; * 4 *
DtvttjE.vps.—in 1890, on class L and class IV., 6 p e r cenf; In 1891 6444. 440, 8 * 0 , 9S/J V. 55, p. 569, 927; V. 56, p. 80, tiH , 205, -ttt't.i
In IfttW. 6: in 1893, May. 3 p. c. On Class I I Dec., 1891,2 per cent- In
^ O w liim b tts M i . w u m a H o o k i n g . - -re H u p p -U m e o f rood,
Out, 3; in 1893, May, 3 p. 0,
1
’ 11
1
0o»«m b,i*,O.. ea*>.-rty to Zaiwamlt*. and southerly totMotreter,Shawnee
reiisoiniated mortgage was authorized to fund
6hawnee Junction, with branches; total. 181 mile*. o f which
the floating debt (amounting t « $1,592,000 Juno 30, 1892 ), to provide
110 miles arc owned and 51 mile* leased. Operated in close connection
with the Sandusky A Columbus short Line,opened to 1893 from Coiuni for retirement o f prior bond* when due, and for improvement*. As to
Manchester A JUwrenre suit to recover *1,000.000, « « * V. 56, p 82.
bus, 0 ., to Sandusky, 0 „ n o mile,.
On April 1, 1893, *1,717,300 B. C. A M. 6s and 7s matured and w ere
"* Sororeber, 1849, by consolidation o f the (M a s e r replaced by C. A M. eonsol. -is.
bn* A •’- astern (foreetoajal In 1888) and the Shaw nee A Mtudringura R iv er
J 1 , ? ? ! * ,k * * Colum ba* Short L in e is co n trolled In the
*
(54 , p. 4. 6.1
8
interest o f the Col, sthaw, A Hooking.
*•102.420; rentals, $73,564 : Interest, $308,898; rttvtUemls, $238,808 s
V 'o t n m d i ; ouUtoroUug, $»,- balanre. surplus, * l , 2 U
In 1* 1*0 91 gre s *$2,471,69s. (V. S3, p. 6 0 2 .
000,000, o f which $ 2,000,000 preferred.
793; V. 54, p. 845; V. 55, p. 373, 421, 6 78 ; V. 50, p. 82 , 463, M S . )
- B o * t V k - n m m ortgage 0/ 1890 (trustee. Metropolitan Trust Co.) I* for
C o n c o r d A P o r t s m o u t h , —Owns from Portsmouth, N. I ! . , to
( #30,000
to Simoouk, 7 miles. The
t n i tmndiI M a n ch e s te r, N, B., 40** miles, ami branch in 1857, and leaned to Con
rmsi was sold to llr-t, roertgago bondholder*
. m
______ ____ . »!M l
in 1862 for
year*. L e a s e r e n ta l
a
'
Sint
£•» wMefo e is o n ly has m id cord Railroad per cent a year99 present stockholder*.Is $26,000 a y e a r ,
to
fo r new equipment m *d e aatyect to tl*e cqtiiptmmj bemd*. The which gives 7
C o n n e c tic u t A P a s s n m p s ic .—Ownafrtnn White R iver Junction
U ******* ttof W y-m m i stM iln I hm<U m m ry
Term inal Coropany paid a dividend of 2 per vt.. to C'anada I.lno. 110 miles; leases for 999 years Mruwawtppi V alley
37 m itre; total operated, 147 miles. The Mussawlppi RR.
o^vl *2
Tb«rem|KWiic»< using the Terminal's property "
pay $2 00 per loaded ear. Car trust* ‘•opt. 1, 1892, *t>out *700000 stock receives same dividends a* the stock of the lessee. The ! » « « * *
are
retired w ith equ ipm ent bonda.
hold* #100,000 M s *«w lp p l dock not tnelndedl In thTlim ourit o X
T ae
*§ tkdmmbuM MhnH L in e t#m4* a r« not (niamiit-r-ed hut standing, and this stock is pledged im p art security for the 4 per cent
with the C. 8. A H. that it is said assure* net loan of 1893, which replaces $1,500^00 of 7 per cents duo A p ril 1.
* ° , W the intereal on the bonds, the !m*in—*
LKASK.~Fn.m January 1, 1887,
leased to the Boston A
r e il f u n u l l L e 1
risp-.rted for 1891 a » 661,709 ton# Isswell for m> year* on a basis to pay Connecticut A Passumpslo stock
A M L y M M U n g ^ d .io it .m earnings, bee V. 5 * . p. 4S0. Mortgage to for 5 per ••••at jw r annum for tea years and 6 p ercent thereafter In
Sm.OOO.OOU, at $20,000 p<!r mile for construction and $5,000 wr mile October, 1*87, the Boston A Uiwcl.l, carrying thl* road, was leased to
C o .,trt,*to ro T l t o S .
Boston A Maine. Stock authorised, $3,000,000; outstanding, as In table.
store 1880-tu 1881, 5 per w rit; in 1882 and 1883, 6 ; In
® * » w o a , — From Judy 1. 1892. to April 30, 1893 (10 months), gross
ly
1884. Ah,; in 1885 and since at rate o f 5 yearly. $<•« rental above.
earntaga were $658,937, ak*t. # 's7 , »4i m 1891 92. For 6 mouths end - 1 Average annual net earnings year- 1890 to 1992, $219,883. Annual
ag*t.
In 189192.
month*
.
.* .*
""
tag Dee. 31, 1892, net $182,362, against, #11.8,747 in 1* 91 . in tip,! Interest after April 1, 1893, $76,060.
& % *ZS S r Bn* “ f J ob * 30. 1892. gross earnings were $723,647: net, •
o n n e c tic u t H i r e ,
from Springfield. Mass., to Keene, N
S% >i -w7
S'
:
> ' « « • * #164,953; t>atoncc. surplus. I tC 75 inQes; branches. r5 —Ownstotal, 80 mile*.
“
,
m iles;
#27,194. In 1890-91 gross, »40i),.340. (V. 53, p ( » t ; V. 54. p. 480,1
L raSB.—L easer! tor 99 years from Jan. 1, 1893, to the Boston A
for
year*
Co la m b u s Stou t b e r o . —T o tn id e d In I860 from Columbus On o n 1
leased
rental 9 f'“ *
10 p ercent por annum
Central o f O m n ia Railroad, to Ali.anv O a ! o “ ” « S ^ l l i r i d a a 1 totue, annual «>«»•“ being #238,000 (equal to 10 per cent :
Vi esterr;, 88 tulle,, — —k. common. # ** 0 0 0 0 - nreferrwl *-it<i ooo 1" u
- f., , common. # - *0,0*10: nr-ferred. - * 1 1 lent \
/
eat*ital stock),
,
..............—.—
capital stock). payable in semi-annual Instalments Jan. 1
Opcr.,te.l by Georgia Midland A Gulf. For rear eoS u gJ im e 30 189*'' » D * » } / * . *n d In addition thereto intereston 1 per rent scrip, le s s e e
“
* * * * * earnings were $08,638; net. $17,034 President W ft
---- l ' « f * »** taxes, operating expenses, etc... but lessor shall issue its stock
C o lu m b u s k s r i n v i s i s .
,,
, ‘
|or Ismdato meet the cost o f permanent improvements. T h eleM eaa s*
CWSXT, f;MtoVe.PA
Cl
1
CtKVKt-xsr, Cts Minied the #876,0*8) uou-, that were outeUndtn*. Dividends from
r u . i , , , „ h „ S. ,
,
r
' ,
, 18/6 to 1892 IneliislvewBre $ percent iw r annum. In January, 1893,
k
A X e n ta .—Own* from Oolumbus, Ohio, to Xenia, Ohio. P*M ** P »r cent extra,
an
"f
I # * 1 » » ■ " > . *n** leased for
*
F u ts is 0 « .- F o r 9 mouths ending March 31. 1803, net, $248,397,
<~v “
■ Iti ( " h i , «b9.1n . , _
burg ctnrlnn Deeorooer.-IV
, connexion with that i r o a to .the PItto ; against #301,147 In 1892. In year ending June 30,1892, gross earnings
p a road, u t © » •«**- agwuii**. #.>01,1 w m 1saz. in year ending June 30 ,1 N»2, gross earnings
The
l ^ m i a n ^ b - t k £ " " K ? h,c^ P S n * P ? r nt '«• stock, were $1,161,318, against $1,120.645 in 1890-91; net inm.me (amiHuColumbiw A
ilia
wf
5 1 (![I1
r
*.,ttaUroad Company. The able to dividends), over rentals, interest, Ac., $206,644, against
» i - r h ' a m i s ,1 , i
dividend per annum. 21* per cent 400 to 1890-91. (V. 53, p. 187, 367, 674; V, 54 n 202 287 76% 79^JHarch 10 soil Septem ber l*i and 2 per cent Jam
Hi and D e c il it e r 10
V
,5 . 1, 256 i n
am:
i n v v 'i i r e i . u
S ou a r e Woo Jos ? '
...
In yearen ditig.Tu iio3 0 ,1891, gross earnLenses Concord A tags were $241,231; surplus over expenses and charges, $36,538,
t o 5 r K i , h7
B,s*.M“ ? p u r i s m m . ' i h j . 1 t i i s s
i
branch ! dlvidendjas.OOO, In 1889-90 gross. $231.021. There are car trust Os!
:h
to 8 u n *«o k ,7 m iles; guncook V a lley RR ., 1 1 m ile , ; Suucook V ol
00 k Valley E x- 1 A. A 0., payable at Philadelphia by Penn. Co. for Ins., etc
INVESTORS’ SUPPLEMENT.
30
MA1> O F T H E
COLUMBUS, SHAWNEE & HOCKING
AND
SANDUSKY & COLUMBUS SHORT LINE
»
R A IL W A Y S .
[ V o l , L V I.
Ma t ,
RAILROAD
1893.]
STOCKS AND
BONDS,
51
MAP OF THE
Waterloo
DELAWARE & HUDSON
CANAL COMPANY’S
RAILROAD & CANAL SYSTEM.
St.Johns'
Sutton. Jo.
J
ROUSE’S
M O O E R S JC.
Ft.OovIngtoxT
Kewport-
CO ®
lY tC
W A2VW
.CH
Beekroomowtir
PLA TTS BURG’
IG D EH SBU R*
Lyon Mt.
vyoh J
Brock *ill
, —
— Sussex Junc
ISABLE-
[B u r l i n g t o n
BLJohnsburyy
PAUL SM
ITHS©
U
kfceihtew ©.^
n
V
JL
a sr-rflle
M O UNT,
Westpo
J : j P o rt H ertryS'
...1
•TfowoPoto*
r
FT.TldoHOESOGAj
s u w a * BALDWIN d
JC O NO I
Lltteford
White It.June
ttn&
m
Th#
RU TLAN D
ifjtGrtfrg
’
th urm anI
jOiwego
.Ludlow
’© n y cnct»*4p
CALD^j
M
aolc y O
J
fsup-sfL^oSg
I
f G k rl
,
Stotl&
Yfifck: « Sjberintha
/ \J
a
_ pfmmtteitiX
S*»A T O C A
®*«w „ i
G aisettiV ^
\
kf
I#
uj
fg , Lc*nOot>il>frry
♦
V
BELLOWS FALLS’
\ _ — . m dtikM
_
%8p$**f*
HERRyVALLfYga
Brmltlehoroi
South Vernonl
TROV
musnrn
r
Hi*f»eld
ifm m rme
Hunilngtoii
Bam
J vw .
k im
Q*w«g
P a l;m *r
We*tffekf
RONDOU
Wtn«*«a'
Rhlni
j
i
Gomf*mrnS:
ia r t f o t
ftehfleldp fLrada^u
H O RE SpALE
V . . U — •'
.Whit* Biwea
V
|
«m a »V K
Hl^aa B ast
itw
I c v c h Chunk
’crbmtL
>
wrrtafowar
'Bm&mg
I I I i |\ r ^ z
^igjBrbhbh
A2
INVESTORS’ SUPPLEMENT.
[Vou L V I
S n b * * r lb e r * w i l l c o n fe r a g r e a t fa v o r b y g i v i n g Im m e d ia te n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s .
Bonds—Princs IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
Miles D ate Size, or
pal,W hen Due.
A m ou nt
Par
of
R a te P e r When W here Pa yab le, and by Stocks—Last
of
F o r explan ation o f oolumn headings, Ac., see note O utstanding
Road. Bonds Value.
Cent.
Payable
W hom.
ou first pa ge o f tables.
Dividend.
29
Ores 90h < O lca rf. Oo. «£ N . Y. Short Routes- 1st M., g.
ft
57
Cum berland < Bcnnsulrania— ls tm o r t. gold, guar.
6
....
Cum berland Valley-^Stock ($484,900 is preferred ).
82
1st and 2d ms., gold (2d $109,500 due A p r, 1908.)
D a n b u ry d N orw alh—See N e w Y o r k N e w H a v e n «fc H a
D a n v ille rf East Tenn.—1st M., $25,000 p. m., gold.
D a n v ille rf Westons—See R ic h m o n d & D a n v il l e ...
Dayton & M ich .—Com. stock (3% p.o. guar. C .H .A D .)
P referred (8 per oent guar. C. H. A D .) endorsed.
142
Consol. M., guar, princ’l & int. b y C. H. < D ---- o
fc
To led o Depot, 2d m o rtg a g e...................................c
32
Dayton dt U nion— ls tm o r t., sink, fund (n o td ra w n )c
32
Dayton & Western—l e t M., guar. L. M. and C. & X .o
37
Dec.Ohesap. d New Orl.—1st M., $20,000 p. m., g.o*
D elaw are—Stock—6 p. 0. guar, till 1898, P .W .A B ...,
io o
85
M ortgage bonds, convertible, guar., P. W. A B .c*
G eneral m ortg a g e fo r $2,000,000, g o ld ............. 0*
117
D el. < Beund B r.—Btock—8 p. 0. gu. Phlla. At Read.
6
27
1st m o rtg a g e.............................................................
4
1st inort. oh T ren to n Br., 2d m ort. on m ain line.
Delauxtre dt Hudson Canal—B tock.............................
D ebentures secured b y Penn. D ivis ion bo n d s.. .c*
ls t m o r t. on P en n sylvan ia D lv. ($10,000,000)c&r
Schenectady & Duan. 1st m ortgage, in terest guar.
14
B lu ff P o in t La n d Im p rove. Co. 1st M .,gold,guar.c*
Delaware Lackaw anna d Western—Stock ................
Consol. M, on roads & equipm ’n t ($10,000,000).. c 288
__
__
1884 $500&o.
1,000
1891
50
1856 500 Ac.
RTFOR D.
1,000
1891
....■
1871
1881
1864
1879
1879
1864
1889
1875
1892
1875
1879
1874
1877
1874
1890
1877
50
50
1,000
....
1,000
1,000
1,000
1,000
25
500 &c.
1,000
100
1,000
1,000
100
1,000
l.OOO&c
100 &c.
1,000
50
1,000
$750,000
6
1,000,000
5
1,777,850 8 p e r
270,500
8
(D
g. M. & N. Ph lla., Treas. Office.
M ay 1, 1904
g. M. A N. N .Y .,C odro 1. C oal Office. M ay 1, 1921
an. Q .- J . Phlla. A Chambersburg. A pr. 1, 1893
do
do
A pr. 1, 1904-8
g. A. & O.
5 g.
2,403,243 3 ^ p. an.
1,211,250 8 p e r an.
2,675,000
5
53,000
7
7
225,000
6
90,000
495,000
6& 7
6 g.
2,196,982 6 per an.
551,000
6
500,000
4% g.
1,800,000 8 p e r an.
1,500,000
7
300,000
6
30,000,000 7 p e r an.
4,829,000
7
5,000,000
7
500.000
0
300,000
4 g26,200,000 7 per an.
3,067,000
7
J. & J.
N e w Y o r k A gen cy.
Jn ly 1, 1921
A. & 0.
Q-—J.
J. A J
M. & 8.
J. A I).
J. A D.
j
& j.
j. *
j.
J. A J.
j. & j.
j. & j.
Q .- F .
F. & A .
M. & N.
Q—Mch.
A. A O.
M. A S.
M. & 8.
J. A J.
Q .- J .
M. & 8.
Cincinnati.
do
N .Y ., K essler A Co.; Cm.
do
do
N .Y ., A m . Exch.N at.B k.
A pr. 1, 1893
A pr. 2, 1893
Jan. 1, 1911
Moh. 1, 1894
D ec. 1, 1909
A ft e r 1910
Jan. 1, 1905
J u ly 1, 1921
Jan., 1893
Ju ly 1, 1895
J n ly 1, 1932
M a y 17, 1893
A u g. 1, 1905
N ov. 1, 1899
Mar. 1 5 ,1 8 9 3
O c t 1, 1894
S e p t 1, 1917
S e p t 1, 1924
Jam 1, 1940
A p r. 20, 1893
Sept. 1, 1907
N . Y ., B an k o f A m erica.
D over, Co.’ s Office.
Ph il., F id. I.T . &S.D.CO.
Ph iladelph ia.
Ph lla,, 240 So. Th ird St.
P liila ., Guar. T. A S.D.Co.
Ph ila,, O f., 240 So.3d St,
N .Y .O f.,2 1 C ortland tSt.
do
do
do
do
do
do
do
do
‘
N. Y ., 26 E x ch a n g e PI.
do
do
C r e s s o n At C l e a r f i e l d C o u n t y At N e w Y o r k S h o r t R o u t e . — nia form s a lin e betw een N e w Y o r k and Ph iladelph ia. In M ay, 1879, th#
O w ns from Cresson, Pa., to Irv o n a , Pa., 27 m iles, and branch to R ich p ro p e rty w as leased fo r 990 years to th e P h ilad elph ia & R ead in g R a il
la n d M ines, 2 m iles. Leased fo r 99 years fro m Jan. 2, 1893, to the road Com pany—the lessee p a y in g in terest and 8 pm- cent on stook a fte r
P e n n sylvan ia R R . Oo., w hich has purchased a m a jo rity o f th e stock. M ay, 1883. R e n ta l in 1891, $275,000. Gross earnings in 1891, $1,025.T h e road w ill be op erated at cost. Stock, $1,000,000; par, $50. Car 0 2 1 ; not, $520,648
trusts due Feb. 1, 1900, $90,000. In 1890-91 gross earnings w e re
D e l a w a r e & H n d s o n —(See M ap.;—Owns canal from R ondout, N. Yr.,
$119,684; net, $59,427; surplus above in terest, $14,427; paid to sink,
to Hone8dale, P a ., 108 m iles (com pleted in 1828), and operates r a ilro a d
fund, $10,000. Y . 55, p. 1078.
lines ex te n d in g fr o m W ilkesbarre, Pa., . ia A lb a n y , N . Y „ to Rouse's
C u m b e r l a n d At P e n n s y l v a n i a . —O w ns fro m Cumberland. Md.. P o in t, on Canada lin e, w ith branches, 683 m iles in all. Th e system is
to Piedm ont, Md., and several branches, 57 miles. I t is ow ned and w e ll shown on the adjoin in g m ap, and includ es:
operated b y Consolidation Coal Com pany, w hich guaran tees b y en
L in e s ow tied—
M iles.
L in e s leased^-* See these cos. Miles.
dorsem ent the new first m ortga ge bonds. See V 52, p. 390. Stock, L a ck a w an n a & Susquehanna.. 22 * A lb a n y A Susquehanna
142
$1,500,000; par, $100. (V. 52, p. 390.)
V a lle y R R . o f P a ....................... 17 *N e w Y ork & C a n a d a ................150
G r a v ity R R ................................ 56 ‘ Rensselaer & S a ra to g a ............ 192
G n m b e r l a n d V a l l e y . —Owns from H arrisbu rg, Pa., to Potom a c
R iv e r , Md., 82 m iles (ana w ith leased lines operates to W inchester, a Schenectady & M e ch a n ic vllle. 10 U n ion R R .................................. 20
to ta l distance o f 116 m iles). I t leases—Cum berland V a lle y A Martins- C herry V ail. Sharon & A lb a n y . 21 I Jefferson R R . (tra c k a g e )........ 35
4
burg R ailroad, 34 miles; D illsburg A M eehanicsburg R ailroad, 9 miles; Schenectady & D u an esb u rg___ 14 | O ther lin e s ..................................
Southern Pen n sylvan ia R ailroad, 21 m iles; controls M ont A lto R ailroad,
T o ta l o p e r a te d ..................................................................................... 683
18 m iles, but accounts are kept separate; to ta l operated, 165 miles.
A ls o leases U tic a C linton & B ingham ton and R o m e & C linton R B .
St o c k .—Authorized, $2,000,000; outstanding, $1,292,950 comm on,
$241,900 first p ref. and $243,000 second p ref.; o f this $975,800 com 44 m iles, sub-let to N e w Y o r k O ntario & W estern.
m on and $237,200 p referred are ow ned b y P en n sylvan ia R R. Co. L a rg e
H i s t o r y , E t c .—T his com pan y w as ch artered A p r il 7,1823. I t i »
advances have been m ade to branch roads. Th e Southern Penn, is am ong the la rg e st m iners and ea rn ers o f anthracite coal. In M ay, 1892.
certain officers o f the N. Y . C en tral en tered the d irectory. See V . 54,
leased fo r net earnings; no in terest paid on bonds since Maroh, 1875.
D iv id e n d s .—I n 1880 to 1884, 10 per oent y ea rly; fro m 1885, to p. 799. In June, 1889, the Adirondack* R a ilroa d (60 m iles) w as pur
A p r il, 1893, both inclusive, at ra te o f 8 per cent yearly.
chased. O f the R u tlan d R a ilroa d stook D ela w are & Hudson ow ns $3,E a r n i n g .—J an. 1 to M arch 31, 1893 (3 m onths), gross $201,266, 000,000 p referred and $1,000,000 comm on, bu t th e roa d is leased to t b »
C entral R R . o f V erm ont.
against $200,839 in 1892; net, $53,311, against $71,402.
In y ea r 1892 gross earnings w ere $845,073; net, $241,461; taxes,
D iv id e n d s since 1880: In 1881, 4 ,h ; in 1 8 8 2 ,7 ; in 1883,7; in 1884*
$12,832; real estate and construction, $37,419; in terest paid on bonds, 7 ; in 1885, 6; in 1886 and 1887, 5 ; in 1888, 6 ; in 1889, 1890. 1891>
$21,640; dividends pa id (8 p. c.), $142,228; balanco, surplus, $27,341. and 1892, 7 p e r oent; in 1893, M arch, 1% p e r cent.
In 1891 gross, $863,298; net, $189,108.
P r ic e o f St o c k .—I n 1 8 8 3 ,1021 1 1 2 1 ; in 1884, 67 ® 1 1 4 ; in 1885,
o@
s
D a n b u r y Ac N o r w a l k . —S e e N . Y . N e w H a v e n A H a r t f o r d .
66ks®100k!; in 1886. 87J4® 108V, in 1887, 96kl®106ka; in 1 8 38 ,10 3®
D a y t o n At M i c h i g a n . —Owns D ayton, O., to Toledo, O., 141 miles, 134; in 1 8 8 9 ,1 3 0® 15 6; in 1890, 12 0® 17 5; in 1 8 9 1 ,1 1 8 >4®141ki; in
8®149ki; in 1893, to M a y 19, inclu sive, 120® 139.
and leases D eshler to F in dlay, 11 miles. Leased M a y 1,18 63, in perpe- 1 8 9 2 ,1227
B o n d s .—On Janu ary 1,18 92, th ere w e r e loans pa yab le am ounting t o
to Cincinnati H a m ilton & D ayton . Lease am ended January 23,
1870. T h e ren ta l is the interest and sinking fu nd o f debt, and 8 per $1,200,000. A d iron d ack R a ilroa d bonds ca rry the endorsed g u a ran tee
«®nt on p referred stook and 3 ^ per cent on $2,396,750 common. o f th e D. & H . as to p rin c ip a l and interest. See th a t eom pany.
G u aranty o f 8 p. c. on p referred is secured b y m ortg a g e o f 1871, but the
Th e P e n n s ylv a n ia D ivis io n bonds c o v e r ooal lands, collieries, r a il
n® n otin g p ow er. V . 56, p. 813. P ro fit to lessee in roads, canal, equ ipm ent and a ll oth er p ro p erty in Pen n sylvan ia.
n fc f21(5' 2, lcin1 i 8l,o 'jA $276’ 562; ln 1887-8, $363,933; in 1888-9,
1
^
A n n u a l R e p o r t .—F iscal y e a r ends Dec. 31. A n n u a l m eetin g Is held
$348,068; in 1889-90, $379,494. Gross earnings in y ea r 1891 (in o n th e s e o o n d Tu esday in M ay. R e p o rt fo r 1892 w as in C h r o n ic l e ,
clu din g T r o y & Piq n a branch, 8 m iles), $1,776,380; net, $710,611; sur- V . 56, p. 286.
T e a r en d in g Dec. 31.
1889.
1890.
1891.
1892.
? 8 M ° $ l3 3 1 2 1 Bt 1 1 4 dlvldend8' $392>
7
11
365- Current lia b ilitie s J u ly 1,
R eceip ts from coal.
$8,652,318 $7,800,207 $8,335,010 $9,629,33$
& U n i o n — Owns fro m Godson, O., to U n ion C ity, Ind..
R a ilr o a d s .............
9,482,975
10,670,732 10,062,324 10,350,443
82 m iles; leases D a yton to Dodsdon, 15 m iles; to ta l operated, 47 miles.
M iscellaneou s.......
822,300
911,968
711,869
452,765
O perated b y C leveland Cincinnati Chicago & 8t. Louis, which, jo in tly
w ith the Cincinnati H a m ilton & D ayton, ow ns the ca p ita l stock. A ll
T o t a l .................. $18,957,593 $19,382,907 $19,109,203 $20,438,541
•undue eannngs o ve r interest goes to a sinking fund fo r the redem ption O perating expenses. 12,992,868 13,303,234 13,511,776 13,977,757
o f bonds a t not above 100. C apital stook $86,300. In yea r en ding
earnings, §149,994; net. $73,833; sS?plus ovo?
N e t ..................... $5,964,725 $6,079,673 $5,597,427 $6,460,784
chargee, including in terest on inoomes, $39,233.
In t., t a x e s * rentals. 3,426,829
3,511,333
3,393,377
3,425,320
tfroni ,D a yten , O., to State line, Ind.,
B alanoe fo r stook. $2,537,896 $2,568,340 $2,204,050 $3,035,464.
oo^ *ea8es 4 m iles to Richm ond, Ind. Leased fro m January 1.
♦u t A
9? 5
I?,arB’ renew able forever, to L ittle M iam i, and carried w ith — (V . 54, p. 345, 3 6 4 , 486, 560, 643,799; V . 56, p. 1 6 3 , 2 8 6 .)
K
™
‘ SJ-1 *; general lease to the Pittsb u rg Cincinnati Chicago &
1
D e l a w a r e L a c k a w a n n a Sc " W e s t e r n . — I See M ap).—R o a d —
St. Louis. T h e lessees, L ittle M iam i and Pittsb u rg Cincinnati Chicago O perates m ain lin e fro m Jersey C ity , N . J., opposite N e w Y o r k C ity, to
hre ^ r tu a l owriBrs and are answ erable fo r a ll ob liga B uffalo, N. Y ., 409 m iles, w ith branches to ooal region , etc., 491 miles.
tions. O f ab ove bonds $32,000 are 7s.
®
Th e system , as cle a rly in d ica ted on a cco m p an yin g m ap, includes :
T 1 e s Din D0 1 _
O
/
IDiles.
1,'., e s teased—
L inUO owned—
’
M /
L in nn
M iles.
,
& N e w O r le a n s . - P r o je c t e d fro m Deca®^elb y ™ le , Tenn., 78 m iles, o f which 34 m iles from A la- N . J. State lin e to N .Y . l i n e ___ 115 ^Syracuse B ing. A N . Y ............. 81
S o w f l a n v i Ho’f l " ’ a " 1 are com Pleted. R oad w as sold in fore- B r ’ n c b es to N ’rthum berl’nd, Ac. 97 *U tioa Chenango & Susq.......... 97
L in e s leased—
1393> an3 com pan y to be reorgan ized as the M id dle
* V a lle y R R . o f N . Y .................. 12
T m m e s ^ & A la b a m a . V .5 6 , p. 42. Claims against the p ro p erty ag- *M oiT is A E s s e x .........................120 * W a rre n ...................................... 18
*N .Y . L a ck a w an n a & W e stern .214 Sussex, A c .................................. 77
8,
$710,000, and proposed com prom ise w ith oreilia ,?,r8F m ortg a g e fo r $350,000 to oom plete and equip * 0 a y u g a A Susquehanna.......... 34
S r^ / w -P 1 1 3be lb y v ille to Decatur, and fo r second m ortgage bonds *O sw ego A Syracu se.................. 35
1
T o ta l o p era ted ..................... 90©
* See these com panies fo r term s o f leases, etc.
H is t o r y , E t c .—T his is one o f the m ost im p ortan t o f the an th ra cite
ooal roads. I t w as orig in a lly the L ig e tts G ap R ailroad, chartered
in 1849; nam e changed to L a ck a w an n a A W estern in 1851, and then t e
presen t t itle in 1853. Its leased lin es are m ostly held under long
tlU ■jrTi F?97v t<’ „tb e Ph ilad elph ia W ilm in gton & B altim ore leases, and in several cases are also con trolled b y ow nership o f
w hich ow ns $ l,i8 1 ,3 2 o o f the stock. Rental, 30 per cent o f gross stock, so th at the system is compact.
earnings, bu t stook m ust h a ve 6 per oent; then anv residue "o es to
D iv id e n d s .—F orm erly paid 10 per cent, b u t in the dull tim es 1876 vs
lessee fo r advances (if any), and the balanoe to le s s e e a n d l e L m
1880 no dividends w ere paid; in 1880 3 p e r oent was paid; in 1881. 6%;
equ ally. In 1891 the N ow C astle branches and out-off wore purchased In 1882, 1883 and 1884, 8; in 1885, 7%; from 1886 to A p ril, 1893,
from the 1 « ) fo r $410 ,675 Btook and a bond fo r $ 5 0 0,000 .1 Th e new both inclusive, at ra te o f 7 per oent p e r annum.
ohb
m artgm to fo r $2,000,000 w as authorized to tak e up present in d eb ted
P r ic e o f St o c k —I n 1884,
in 1885, 82&8'd>29%: in 1886,
ness, fo r la yin g second track, <kc. In y ea r ending Oct. 3 1 , 1892 " t o s s
115@ 144; in 1 8 87 ,11 3% ® 1 3 9 ^ ; in 18 88 .12 3% ® 145%; in 1889. 1346b
Were $1,152,650; net, $309,457; interest, dividends’ ^ t c
$203,907; surplus, $105,490, against $208,804 in 1890 91.
’
’ ’ ® 1 5 1 ; in 1 8 90 ,12 3% ® 149%; in 1891, 1303q® 14558; in 1892, 138%®
167% ; in 1893 to M a y 19, in clusive, 134% ® 156%.
* ® p u n « l B r o o k . —O w ns fro m Bound B rook (Central
G e n e r a l F in a n c e s .—O n Dec. 31,1892, accounts r ec eiva b le (includ
o f N e w Jersey) to D elaw are R iv er, 27 m iles; branch to Trenton eto 7 in g cash and ooal on hand, A c.) w ere $9,189,258, against $3,625,922
miles. In oonneotion w ith C entral o f N ew Jersey and N orth P o n n svlva
Dec. 31, 1891; accounts pa y a b le $8,854,475 .against $7,971,713.
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MAP OP' THE
DELAWARE, LACKAW ANNA
@ WESTERN R.R,
AND ITS CONNECTIONS
w rshinotoi
INVESTORS’ SUPPLEMENT.
54
[ V o l . L V I,
S u b s c r ib e r s w i l l c o n f e r a t r e a t f a v o r b y g i v i n g I m m e d i a t e n o t i c e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b l e s .
Bonds—Prin ci
IN T E R E S T O R D IV ID E N D S .
RAILRO AD S.
pal,^When Due.
M iles D ate Size, or
A m ou nt
When W here P a y ab le, and b y Stocks— Last
Par
of
of
F o r explanation o f column headings, dec., see notes
O u tstanding R a te P e r Pa y a b le
Whom.
D ividend.
Cent.
Road. Bonds Value.
on first page o f tables.
D elaw are M a ryla nd i£ V irg in ia —Stock.....................
Junction A B reakw ater—1st m ortga ge to State..
Junction A B reakw ater 2d m ortga ge................. o
B reakw ater A F rankford 1st m ortgage to 8tate..
W orcester RR . 1st. M. (s.f. n o tln o p e ra t’n) gold.c*
D enver d R io Grande—Stock, com., ($45,500,000) .
Pref. stock. 5 per cent non-cura. ($28,000.000)...
1st mort. $1,000 gold or £206 sinking fu n d ..o ’*Ar
Consol, m ortgage (fo r $42,000,000) g o ld .....c *& r
Im provem ent Mort. ($5,000 per m ile) g o ld .. .c*«fer
Dee Moines d FI. Dodge—1 stM., Series A , int. g u a r ..
l e t m ort., 8eries B, income, interest guaranteed..
M ortgage on extension, interest guaran teed........
Dee Moines d Kansas O ily—Stock........................
1st M. funding and imp. ($2,000,000), g o ld ..c *A r
Des Moines No. d West— Is t M ., g., ($18,500 n.m.)o.
Des Moines U nion— l e t M. fo r $800,000, gold ...... c*
D etroit Bay City d A l p —1st m ortgage, g o ld ........ c*
Detroit Grand Haven d M il.—1st equip, m. g. gii-.o*
Consol, m ort. gold, guar, b y Gr. Trunk o f Can.c*
D etroit H illsdale d S. TT.—8t'k,4p. e. ren t’ l,L.S.AMS.
D etroit L a n s in g d N orthern—Stock, com m on..........
Preferred stock........................................................
Ionia A Lansing 1st M .,extended in 1889,gu ar.c*
D .L . A N. consol, mort. (1st m ort.on 167 m .)...c *
Saginaw A West. 1st M., gold, guar.,endorsed. .0*
G r.R . L. A D. 1st M., ($20,000p.m .) en dorsed..c*
44
44
19
35
295
,610
,610
88
88
56
112
112
150
3
189
189
65
55
222
43
55
$25
1860
1,000
1879
1873
1876 500 Ac.
100
100
1871 500 Ac.
1886 500 Ac.
500
1888
1,000
1874
1,000
1874
1,000
1881
100
1,000
1892
1,000
1892
1,000
1887
1,000
1883
1,000
1878
200 Ac.
1878
100
100
100
1,000
1869
1877 500 Ac.
1,000
1883
1,000
1887
E a r n in g s .—T he leased lines fo r 3 months ending M arch 3 1 ,1 8 93,
had surplus o v erch a rg es o f $1,581,088, against $1,328,104 in 18 92.
A n n u a l R e p o r t .— F iscal y ea r ends Dec. 31. A nnu al m eetin g is held
on the Tu esday preceding the la st F riday in Febru ary. The rep ort fo r
1892, w ith balance sheet, w as in Ch r o n ic l e , V. 56, p. 163.
Y ear end. Dec. 31.
1889.
1890.
1891.
1892.
T o ta l grown receip ts.$38,247,622 $40,688,645 $41,849,754 $46,226,283
O perating expenses. 30,653,586 32,4uy,859 33,894,519 37,781,880
223,577
240,019
121,474
464,540
B etterm ents, A c ......
T o ta l expen ses... $30,877,163 $32,739,878 $34,016,065 $38,246,420
N e t receipts.............
7,370.459
7,948.767
7,833,689
^,979,863
Interest and rentals. 5,222,375
5,328,494
5,418,226
5,366,406
B alance, s u rp lu s.... $2,148,084
D ividends (7 p. o ). ..
1,834,000
$2,620,273
1,834,000
$2,415,463
1,834,000
$2,613,457
1,834,000
Balance a fter d iv s ...
$314,084
$786,273
$581,463
$779,457
- ( V . 53, p. 714; V. 54, p. 2 0 2 , 288, 366, 800 ; V. 55, p. 257, 806; V .
56, p. 163, 793.)
D e l a w a r e M a r y l a n d & V i r g i n i a . —Road extends from H a rrin g
ton to Rehoboth, Del., 44 m iles; G eorgetow n to Franklin C ity, Va., 54
m iles; total, 98 miles. In July, 1885, the com pany passed into control
M the Philadelphia W ilm ington A B altim ore R ailroad, and becam e part
o f the Pennsylvan ia R ailroad system. In 1891 the m ortga ges to the
State w ere extended at 3 per cent fo r 40 years, but redeem able at com
pany’ s option a fter January 1, 1895. See V. 50, p. 498. In 1891-92
gross earns., $215,931; net, $20,471; deficit, $15,978.— (V. 52, p.49 8.)
D e n v e r & R i o G r a n d e . - f S e c M a p )—R o a d —1 h e lines o f this
T
com pany, w ell shown on the adjoinin g m ap, reach a ll the im portan t
points in Colorado, w h ile its standard gau ge lin e from Pueblo w esterly,
v ia R ifle Creek form s a link in the trans-Continental rou te to Ogden,
Sa lt Lake City, Ao.
Its to ta l m ileage June 30 ,1 892 (including R io
G rande Junction R R ., etc., 72 m iles leased), w as 1,687 m iles, o f
which a considerable p a rt w as standard or la id w ith a th ird rail.
H is t o r y .—T he form er D en ver A R io Grande R a ilw ay, in corp ora ted
In 1870, w as foreclosed Ju ly 12. 1886, and reorganized as the D en ver
A R io G rande Railroad. The R io Grande Junction is leased jo in tly b y
tills company and the Colorado M idland, and its bonds guaranteed.
D iv id e n d s .—On preferred stock: In 1887, 2*2 per et.; in 1888, 2*2 per
cent in cash and 1 ^ in scrip, subsequently redeem ed in cash; u 1889,
n il: F ebruary, 1890, l H ; August, 1*2; in 1891, F eb ru ary, 2*2 p. c.;
then none t ill 1893, w hen in F eb ru a ry 1 p.c. w as paid and in M ay 1
per cent. See b elow and V. 55, p. 805.
P r ic e o f St o c k .—Com m on: In l8 8 6 ,1 4 % < 35% (assessment paid); in
1887, 20*2®32%; in 1888, 15®23; in 1 8 8 9 , 1 4 18 V , in 1890, 1 4 V ®
2178; in 18 91 ,13 V ® 21 ; in 1892, 1 5 2 )1 9 ^ ; in 1893 to M a y 19 inclusive,
14,@183
s.
P ric e o f preferred stock: In 1886, 53%6378 ; in 1887, 5278®6838 «n
1888, 40@55% ; in 1889, 42*4®5278 ; in 1890, 45@ 611 ; in 1891,
2
402>6378; in 1892, 45©54% ; in 1893 to M a y 19 inclusive, 4 7 14, 5 7 14 .
2>
B o n d s .—Coupons o f the fir s t m ortgage are payable a t op tion o f
holder either in N. Y. C ity $35 U. 8. gold, in London, £ 7 4s. 5d. sterling,
or im Am sterdam 86 florins free o f U. S. taxes. O f the consolidated
gold bonds (U nited States Tru st Com pany, tru stee)] $6,382,500 w ere
reserved to retire, i f deem ed advisable, the p rior bonds when
due, and $6,900,000 to acquire a lin e to Ogden. Those unissued m ay
be used w ith the consent o f a m ajo rity o f the p referred stock fo r e x
tensions ac not ex ceed in g $20,000 per m ile. See abstract o f m ort
g age in C h r o n ic l e , V. 47, p. 228.
U nited States Tru st Co., N ew Y ork, is tru stee o f the im provem ent
m ortgage o f 1888. M ortgage abstract in Ch r o n ic l e , V. 47, p. 229.
G e n e r a l F in a n c e s — In Febru ary, 1893, Mr. Coppell, Chairm an o f
the Board, stated in an official circular th at “ The com pany has dis
charged all o f its bills payable and loans, and * * * is now able to re
sume paym ent o f dividends out o f earnings, w ith a reasonable hope of
continuing the p aym en t o f them. V. 56, p. 42.
L a t e s t E a r n in g s .—F or 9 months ending M arch 31 results w ere:
9 mos.
Gross earn'gs.
Net earn'gs.
In t.. rents, dc.
B a l.. sur.
J § 9 2 -3 ---- $7,159,906
$3,168,664
$1,964,691
$1,203,972
1 8 9 1 -2 .... 6,74o,487
2,896,024
2,117,403
778,620
A n n u a l R e p o r t .—Fiscal year now ends June 30. A n n u al m eetin g
Is held at D en ver the third Tu esday in October. F u ll ren o rt fo r
yea r 1891-92 w as in V. 55, p. 441,460, 464.
*
1888.
1889.
1890-91.
1891-9 >
.
Gross earnings........... $7,668,654 $8,046,603 $8,850,921 $8,830,947
N e t earnings...............$2,563,972 $3,332,410 $3,340,617 $3,709,354
In terest on bonds...... $1,492,615 $1,654,675 $1,944,805 $1,986,675
T a x e s and insurance..
345,550
320,068
319.192
362,127
B etterm ents................
240,906
240,000
259,816
240,000
M iscellaneous.............
40,551
52,434
118,821
206,439
D ivid en d on pf. stock.
295,625
t ...........
591,250
N il.
T o t a l.................... $2,415,247 $2,267,177 $3,233,884 $2,795,241
Snrplua....................... $148,725 ! $1,065,233
$106,733
$914,113
t From the surplus o f 1889 1 L» r . c. w as p a id on pref. in Feb.. 1 *9 '',
$526,758
185.000
3
.T.
250.000
4
F.
J.
200.000
3
400.000
^ g. A .
38,000,000
23.650.000 See te x t.
6,382,500
7 g. M.
28.435.000
4 g- J.
8.050.000
5 g- J.
J.
4
1. 200.000
1, 200,000
2*2 J.
672.000
j.
4
800.000
5 g. j .
(?)
2.390.000 4 to 5 g. J.
511.000
5 g« M.
2.500.000
9 g. J.
2 , 000,000
6 g. A.
3.200.000
9 g. A .
1.350.000 4 p e r an. J.
F.
1,825,600
2.510.000
F.
J.
5
770.000
7
J.
2.672.000
566.000
9 g- J.
M.
5
1.108.000
&
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A
&
J. Phila.,233 So.F onrtli St. Jan. 1, 193!£
Feb., 1899
(lo
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A.
Jan. 1, 1938
do
do
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A p ril, 1898
do
do
0.
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Office, 47 Win. St., N. Y .
N. N. Y ., Fou rth N at. Bank.
do
do
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J. N. Y ., C liio.R .I.& P ac.C o.
do
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do
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M ay 15,
N ov. 1,
Jan. 1,
June 1,
Jan. 1,
June 1,
June 1,
1893
1900
1936
1928
1905
1905
1905
&
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Springfield.
N. Y ., M etropol. Tr. Co.
N . Y ., C entral Trust.
N. Y ., Farm . L. A T r . Co.
s N .Y .A g ’ cy B k . Cora. , }
\ Canada A London. $
N . Y ., Farm . L . A Tr. Co.
Boston.
B oston, Of., 50 State St.
Boston, 2d Nat. Bank.
do
do
do
do
do
do
Jan. 1,
Jan. 1,
N ov. 1,
Jan. 1,
N ov. 14,
N ov. 15,
Jan. 5,
Feb. 15,
Feb. 15,
J u ly 1,
Jan. 1,
J u ly 1,
Sept. 1,
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1932
1917
1913
1918
1918
1893
1887
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1907
19131927'
- (V. 53, p. 108, 125, 423, 4 3 5 , 4 3 7 . 474, 604 673, 6 7 4 ; V . 54, p. 44$
701; V . 55, p. 233, 254, 4 4 1 , 4 6 0 , 4 6 4 , 679; V . 56, p. 42, 205).
D e n ve r| T e x a s &| F o r t W o r t h . —Se e U n i o n P a c . D e n v e r & G u l f
D e s IT Io in e s Sc F o r t D o d g e , —O w ns from Des M oines to F ort
D odge, la ., 87 miles, w ith an extension 56 m iles to R u thven, connecting
w ith Chicago M ilw aukee A St. Paul. Com m on stock, $4,283,100; pre
ferred, $763,500; par, $100. Leased from Jan. 1,18 87, to th e Chicago
Rock Island A P a cific fo r 19 years at a rental o f 30 per cent o f the gross
earnings, w ith a guarantee o f 4 per cent interest on the first m ortgage
and exteusion bonds, and 2 ^ per cent per annum on the incomes.
D e s M o i n e s Sc K a n s a s C i t y . —D es M oines, la ., to C ain sville, M o.,
112 m iles, 3-foot gauge. Successor to D es M oines O sceola A Southern,
sold in foreclosu re in 1887. U n der the m ortg a g e fo r $2,000,000
(Massachusetts Safe D ep osit Co., tru stee), $480,000 bonds are pledged
as co llatera l fo r notes g ive n fo r n e w equipm ents, rep airs, etc. Under
this m ortg a g e th e a uthorized issue is $8,000 p e r m ile on n a rro w gauge,
$16,000 p e r m ile on broad gau g e road. V . 55, p. 297. In y e a r 1891 92.
gross earnings, $118,357; net, $3,232. Stock held b y Presiden t, M. V .
B. E d g erly , o f S prin gfield. Mass., as Trustee. (V. 55, p. 297.)
D e s M o i n e s N o r t h e r n Sc W e s t e r n . —O w ns from Des M oines to
Fonda, Iow a, 115 m iles, and fro m C live (7 m iles from D es M oines) to
B oone, 35 m iles; to ta l, 150 miles. A consolidation o f January 1, 1892,.
o f the D es M oines A N orth ern and the D es M oines A N orth w estern.
Th e w h ole lin e has been m ade standard gauge. Th e bonds bear 4
p e r cent in terest t ill J anu ary 1 ,18 97; th erea fter 5 p e r cent. M o rtgage
trustee is the M etrop olitan Tru st C om pany o f N e w Y ork . Stock
authorized, $15,000,000; outstanding, $4,200,000; par, $100.
E a r n in g s .—F rom Jan. 1 to M arch 31, 1893 (3 m os.), gross, $94,642,
a ga in st $100,382 in 1892; net, $36,911, aga in st $48,131. In y ea r 1892gross $411,223 ; n et $182,813, against $122,623 in 1891. President, F M. H u bbell, D es M oines, la . (V . 53, p. 256.)
D e s M o i n e s U n i o n . —A term in al road, 2710 m iles in len gth , in
Des Moines. C ontrolled b y D es M oines N orth ern A W estern—w hich feetT h e rentals and w h eelage are in e x ces so f fix e d charges. Stock author*
ized, $2,000,000; outstanding, $400,000—p a r $100. D ue on rea l estate
Sept., 1892, $56,775.
D e t r o i t B a y C i t y Sc A l p e n a . —O wns from A lg e r, on M ichigan
.Central R ailroad, to A lpen a, 105 miles; L oon Lake Branch, 32 miles;
Mud L a k e Branch, 38 miles; other branches, 49 m iles; to ta l road Jan.
1, 1893, 224 miles. Much o f the branch lin e m ilea ge is said to b « tem
p o ra ry, h a v in g been b u ilt on ly to b rin g ou t lumber. Co. has a traffic
con tra ct w ith M ichigan Central.
Stock authorized is $2,000,000;
issued, $1,670,000; par, $100. A d ivid en d o f 4 per cent was paid
January 3, 1888, and o f 2*2 p e r cent F eb ru a ry 10,1891. Loans and
b ills pa yab le Jan. 1, 1893, w ere $120,396. Jan., 1893, coupons w ere
pa id as usual See V. 55, p. 995.
E a r n in g s .— F rom Jan. 1 to M arch 31 (3 m onths), in 1893 gross,
5118,153, against $92,768 in 18 92 ; net, $60,321, against $39,303.
In 1892 gross earnings, $351,706; net, $95,506; in terest on bonds,
$150,000: balance deficit, $54,494.
In 1891 gross, $417,674; net,
$132,819.— (V. 51, p. 113; V. 52, p. 3 2 0 ; V. 55, p. 995.)
D e t r o i t G r a n d H a v e n Sc M i l w a u k e e . —Owns from D etroit,.
Mich., to Grand H aven , Mich., 189 miles. This is a reorganization o f the
D etroit A M ilw aukee, w hich w as sold in foreclosure September, 1878.
T h e bonds are guaranteed b y the Grand Tru nk o f Canada. Stock,
$1,500,000; par, $50. R e a l estate m ortgages, $226,000.
From January 1 to M arch 31, 1893 (3 m onths), gross earnings w ere
£51,187, against £5 8,477 in 1892; net, £3,583, against £8,856..
Gross earnings In 1892, £252,414; net, £58,687; deficit under interest,
£14,968 against £1 1,674 in 1891—p a id by Grand Tru nk R a ilw a y Co.
D e t r o i t H i l l s d a l e Sc S o u t h w e s t e r n . —O wns from Y p silan ti,
Mich., to Bankers, Mich., 65 miles. Th e D etro it H illsd ale A Indiana
road w as sold in foreclosure Jan. 28,1875, and this com pany organ ized
b y the bondholders. Leased in p e rp etu ity from Ju ly 1,1881, to the Lake
Snore A M ichigan Southern Co.; the ren ta lia $54,000per year—4 p ercen t.
I n y ea r 1892 gross earnings w e re $44,937. a ga in st $41,840 in 1891.
D e t r o i t L a n s i n g Sc N o r t h e r n . —O wns from G rand Trunk Junc
tion, Mich., to H o w a rd C ity, Mich., 157 m iles; branches—Stanton Junc
tion to B ig Rapids, M i oh., 63 m iles; B eld in g Branch, 1 ^ m iles; tota l
ow ned, 222 miles. L eases: G rand Tru nk Junction to D etroit, 3 m iles;
Lan sin g to N orth Lansing, 1 m ile ; Saginaw A Western R R .—A lm a to
H o w a rd C ity, 43 m iles; G rand Rapids Lan sin g A D etro it R ailroad—
G ran d R apids to G rand Ledge, 53 miles, and branch, 2 miles; total, 323 •
m i l ‘8; also operates Saginaw V a lle y A St. Louis, 45 miles, and pays
interest on its debt, but reports earnings separately. Th e D etro it Lans
ing A L a k e M ichigan w as foreclosed in 1876 and this com pany form ed,
D iv id e n d s .—On com m on stock since 1879—In 1880, 6 ; in ’ 83, 6 ; in ’84,
6 ; in 1887, 3 ; in 1888 and 1889, nil. On preferred stock in 1879, 9 V
per cent; from 1880 to 1884, inclusive, 7 per cent; in 1885,5 V in 1886,
ni 1887, 7 ; in 1888, 3 V in 1889 and since, nil.
B o n d s , E t c .—T he sin king fund holds $233,000 o f the D e tro it L a n
sin g A N orth ern 7s and $20,000 o f the Io n ia A L a n sin g 5s g ive n as out
standing iu the table. On Jan. 1, 1893, bills p a y a b le w e re $95,000.
L a t e s t E a r n in g s .—F or 3 m onths en din g M arch 31 earnings w e r e :
3 mos.
Gross earn'gs. N et earn''gs. Interest, dc.
Balance.
1893.................... $287,369
$14,838
$78,88 L
def. $34,043.
1892.................... 274,754
51,637
78,88 L
def. 27,244
ss
RAILROAD STOCKS AND BONDS.
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MAP OF
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MAP OF
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CH ARLESTO N
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Map Showing the Property of
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MAP OF
C H A R L E S T O N ’S
Railway Connections,
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rARLESTON
RAILROAD
M a y , 1-S9SJ
STOCKS
ARD
ar
BONDS.
S u bscribers w i l t c o n fe r a g re a t fa v o r bjr g iv in g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e re d In th ese T a b le s .
R A IL R O A D S .
M iles
Oubvefue dt Sioux City—Stock............................ . ...... 524
1st m ortga ge 2d d iv isio n ....................... . ...............
43
G eneral m ortga ge fo r §3,000,000. g o ld .......... c a t 143
Io w a F alls * Sioux C ity 1st SI., Ia. F. to 8. C ity ..
184
Cher & D ak and Cedar Rap. A Chic. 1st m o rts...
197
Ovluth it Ir o n Range—1st m o rtg a g e..................CAT 139
9it!.Red W ingitSa.— 1 « M .^.^lO .O O O perxntle.C 'A r
25
OvlutA South Shore ,f Atlan'iie—
Marq. H. A On. Gen. M .— 1 st. M. on Mar. A W e s t.e '
156
Duluth South Shore A A tla n ., 1st m o re, gold. cA r 366
F irst e o n s o L m o r t, gold. Interest g u a r...... c*A r 580
Ouluih Tra'O tftr—l e t m o rtg a g e fo r §2,000,000------iyuluth of W innipeg. —1at M .for$7.000.000,goM , c ’
100
| D n l.A W ton .Trr.C o. 1 *t M ..$250.000,g.,gnar.p.A 1
...........
tfiu nkirk A ilegh. Tat. i t Pittsburg— 1st m o r t, g old -.e
90
' 2d and 3d m ortgages (§200,000 o n ly are 3d M .i.e
90
last B road Top— 1st m o r tg a g e .................... . . . . a r r
30
ia tt Pennxyieania—B lock 0 p.c gu.999 yrs.P h ll.A R .
36
j 1st M-, gold. guar. p. At. b y Ph il. A Read, (end.) ,e*
36
' t u t Shore T e rm in a l—1st m ortgage, g o l d ........... C* ----2d M. (§300,000), g „ red. at 105 A t o t any M .A8...........
ta il Temneetee V irg in ia <t Georgia—Common stock.
___
1st preferred stock (5 p e r cen t non-cam alati v e )..
___
2d p re ferred stock (5 p e r cen t non-ctunnlad v e )..; ___
Old lstM .s.f.(B rU to l.T en n .,vla C h a tto D alton.G a)
242
D ivisional II,, g.,(B ristol. T e n s .. to Selma, A laJ.c*
552
Ala, Cent. 1st M., Selma to M eridian, gold, guar e
.
95
E. T e a m V a . A Ga. oonsoL M-, g . (§20.000,000) cat
273
lrte x te n s io n m o re (§20,OOOp. m .l, gold ..... c.‘. r
Im p rovem en t and equ ipm ent m ort.. g o ld ....... oAr 1,083
O n d u n a tl B xtenxiou O o lla t T r ,, gold, g u a r...... e4 ___
Bonds—P rin c i
IN T E R E S T O R D IV ID E N D S .
D ate Size, o r
pal, W hen Due,
Am ount
of
Par
R ate per When W here P a ra b le, and b v Stoeks—L a st
Bonds Value. Outstanding
Cent. Pa y a b le
D ivid en d .
w hom .
1864
1888
1369
is 8 s
1SS7
1838
§100
500 Ac.
1.OOOAc
500 Ac.
1 .OOOAe
1,0 0 0
1885
1,0 0 0
1837
1.0 0 0
1890 HK> Ac.
1891
1,000
1889
1.000
1,000
1892
1870
1,000
1372
1,000
1973
1,000
....
50
1,000
1898
1390
1 ,1 10
x
1892
1.000
100
100
1870
1380
1879
1386
1837
1883
1890
1,000
1,000
1,000
1,0 00
1,0 00
1,000
1,0 00
AsoseaL R r r o R T .—R e p o rt fo r 1892 was In V . 56, p. 537, s h o w in g :
1892.
1891.
Tea r end. Dee. 31.
1899.
1890.
Otal groee earnings. §1,131,936 §1,219,663 §12254.100 *1,265,572
341,502
375.446
fet o v e r exp. A taxes.
325,062
392.797
*314.909
§316.587
§331,774
§318,633
nterest p a id ............
26,593
talance...................... def. 6,712 sur. 74,164 sur. 58.859
19.149
16,907
ief. 8. V . A St. L . RR3,369
Pro lit.
. -IV 53, p. 187; V. 54, p, 287, 8 8 2 ; V. 55, p, 255; V. 56, p. 5 3 T .)
D u b u q u e A S i n u s C i t y . —O w ns from Dubuque, Iow a , to Iow a
,'alls, 143 m iles ; Io w a Falls to S loox C ity. 184 tntles; M anchester to
ed a r Rapid*. 42 m iles; Ottawa. Iow a , to Sioux F all*. Dakota. 155 miles;
Ota , 524 miles. A lso leases Cedar Falls A M innesota, 76 miles. T o ta l
ip e ra to l. 600 miles. In A pril, 1887. a co n trollin g Interest In th e stock
ras sold to tUlnots Central and In F ebruary, 1891, the road was leased
• > that com pany, the rental being net ea rn in g* and th e lease term inab le
a 60 'la ys notice. Bee V. 52. p. 350; V. 51. p, 493.
, C e d a r F a i l s a M i s s m o t a L e a s e .—A suit to annul the lease o f the
ed. F a ils A M innesota RR . has been appealed to U . S. Suprem e Court.
I S to c k a n d B o r o * .—T h e Illin ois Central R ailroad C om pany J u ly 1,
892. ow ned § 7 ,9 ! 7,800 stock and §1,907,000 5 per cents; also a ll the
hero Itee * Dakota and Cedar Rapid* A C hicago 5s, dua la 1935, w hich
.,*» pledged as pa rt secu rity fo r Its 4 per rents o f 1952.
I D m o E x p e — In 1898, v, o f 1 p e rc e n t; In 1891. Jone, 1; D e e e m b e r .l;
a 1892, Jane, about >z o f 1 p e r cent: In 1893. January, 1 >4 p e r cent.
I R a k s ix o s . - I n y e a r en ding June 30, 1892, gross earn in g* w ere
2J140A16 (against §2.447.189 In 1890-91); net. *793.405: loss (rout
p e r ilin g Cedar F alls A M innesota, *16.991; a va ila b le net. Including
2,113 o ther Income, §778,520; r e n ta l C ed ar F alls A M innesota, paid
ate Court, f t 13,370*, Interest. *503.335; d ivid en d *. §05.060; sta kin g
and, *0,210; oth er paym ents, *56,951. (V. 51. p. 159; V. 55, p. 3 4 2 .)
D n l u t h & I r o n R a n g e . —O w ns Duluth to E ly, Minn , 116 m iles,
rjth branch to Mesaba Range, etc , 23 miles. This branch w as co m
isted la te In 1892, and In 1893 $673,000 Bret 5s w ere Issued thereon.
1 * r o c x . E T C —Stock au thorired . *3.000 .0 00; ou tstanding. *500,000;
a r *100. Land gra n t from Minnesota about 50 6.0 0 0 acre*. See V.
1, p. 875. Th e Mian. Iron Co. ow ns the stock. §3.500,000 Income
ertfflrnte* and *400,000 twnds. T h e bonds are authorised a t the rate
f #25,000 per m ile fo r construction and § 7,0 0 0 fo r equipm ent, the
Metropolitan Tru st Com pany o f N ew Y o rk being trustee.
E a e s is o *.—Jan. 1 to M arch 31, 1893 (3 m on th *), gross. §109,937,
g a lf i.t *91,552 In 1992; rtcBelt. $17,763. a ga !n *t net o f #12,462.
In yea r 18l<2 gros* $1,547,476; net, *8 5 3 ,6 3 1 ; interest on bonds,
.8,200: rental-. §3.767; Interest earned on loans, §11,092; balance,
fas, *642.756. In 1891 gross. §1.154,12$). net, *618.321. Brest
sat, J. L . O reatslnger, Duluth
( V. 51, p, 875; V. 56. p. 3 3 0 , 332.)
D a l a t l s M U s a b c A N o r t h e r n * —O w n * from Stony B rook Junelon, Minn., on D nluth A W in n ipeg 138 m ile* rrom Duluth) to M ountain
ton, 48 m iles; branches, 23 m flrs. A lfr e d M erritt, President, Duluth.
D u l a t h R e d W i n g A S o u t h e r n . —Projected from Duluth v ia
ted W ing, Minn,, and eio u x C ity , Io w a , to a po in t op posite Omaha'Sb. In op eration from Red w in g . southerly to Zum brota. 25 miles;
ranches, 3 miles. Stock. §375,000. T ru stee o f m o rtg a g e is Central
’ rust Com pany. Di y ea r en ding June 3 0 , 1992, gross earnings w ere
*59.026; net, <842593. President T . B. Sheldon. iV . 50. p. 403.)
D n l a t b S o u t h s h o r e A A t l a n t i c . —O perates Dnluth to 8ault
It* Marie, 411 m iles (o f w hich 44 m iles from Duluth to Iron R iv er 1*
tsed In com m on w ith N orth ern P a c ific ); “ 800" Ju nction to S t Ignace.
3 m iles; Other lines, 1X5 m iles ; total, 589 miles. A t Hault Ste. M a ri*
•oancctlon Is m ade by bridge w ith the Canadian Paeltlc. As to Dnluth
k W innipeg, *ce th at com pany.
OaoAHrxATlost, A c .—In Ja ly. 1889. a co n trollin g interest In this
om pony’s stork * * - sold to 'Canadian Pactdc partle*. The Vlarqoette
roaghton A O ntonagon 160 miles, w a* I e a s e l in perpetu ity, but In
990 the lease was rescinded and all the prop erty, ex cep t It* franchise,
old to the D nluth South Shore A A tla n tic, which assumes it* debt and
rive* new consols In exch an ge fo r It* stock.
CArrTAt. R roctt.—Common stock Is § 1 2 .000,0 0 0 ; p referred , $10,000,>00; par both §100. Preferred stock 1* 6 per cent, Don-cumulative.
Bojtns. A c —C ar trust 6s. [n r 2i). 1892. #280,175. d o e In instal
sent*, last m atu rin g N o r. 7, 1895, Bee abstract n f Bret m ortgage, V.
;o ,p . 274. M arquette A Ontonagon bond* and M. B . A O. 6* o f 1978
0 * tota l o f $ 1,930.500 w ere paid to 5892 and replaced b y consol. Is.
On M ay 15, 1893, §1.500,000 M. II. A O. 6s o f 19*3 w ere paid at
05. V, 56, p. 463.
th e 8r * t consolidated m ortg a g e o f 1990 has Interest a t 4 per cent,
maranteed by Canadian Pacific. T h e amount authorised by It Is
120,000,000 on the 380 m iles new ot h e re a fte r ow ned , and $20,000 per
oUe o f new lines to execs* o f 580 miles. O f this §5.400.000 is reserved
'i t prior bond*. 8« f , 50. p. 874. Can. Pao ow ns §9.731,000 consols.
R l i m v o s .—January 1 to A p r. 30, 1893 (4 m onths), gross earn in g*
*606,815. against §600.930 In 1692.
1 I f 1894 g r o w §2,245,7.16; lo 1891 gross w ere §2,160,118; net, $827,«**• In 18 9 0 . §2,241.097; net. § 8 1 8 ,3 9 3 . IV. 55. p. 765, 1 n o . )
D n l u t h T r a n s f e r . — M ileage o f road In M arch, 1893, was 1 II miles,
0 c >!■-)! - * * , being added about f)'a m iles now under contract. The
§ 3,000.000 See t e x t
.......
N . Y’ .. Office. 216 B ’ way.
536.000
do
do
7
J. A J.
2.231,000
5 g. J. A D.
do
do
do
do
2,339,500
7
A . A O.
do
do
3,930,000
5
J. A D.
5,209,000
5
A . & 0. N . Y „ Office. M ills Bldg.
500,000
N e w Y o r k City.
5 g. J. A J.
Jan. 18,
J u ly 1,
June 1,
Oct. 1,
Doe. 1,
Oct. 1,
Jan. 1,
1,400,000
6
4,000,000
5 g.
-4 g.
14,600,000
6 g.
800,000
5 g.
2 ,000,000
Hi
6 g.
2 ,000,000
7 g.
900,000
7
500,000
4
1,730,450 6 per an.
495,000
4 g.
1.000,000
5 g.
277,000
8 g.
27.500.000
11,000,000 See t e x t
13.500.000
7
3,123.000
3,106,000
5 g.
1,000,000
6 g.
12,770,000
5 g.
4.740,000
5 g.
6 ,000,000
5 g.
6 ,000,000
5 g.
J u ly
July
Ju ly
N o v.
June
Sept.
Feb.
A
J.
F.
J.
J.
J.
J.
A.
J.
J.
M.
F.
M.
A
&
.fe
A
A
A
A
A
A
O.
J.
A.
J.
J.
J.
D.
0.
J.
J.
A S.
A A.
A 8.
.......
J.
J.
J.
M.
J.
M.
F.
A
A
A
A
A
A
A
J.
J.
J.
N.
D.
8.
A.
189S
1894
1938
1917
1935
1937
1 9 28
N . Y ., Th ird N a t Bank. A pr. 1, 1925
Jan. 1, 1937
do
do
A n g. 1, 1990
N ew Y o r k or London.
N . Y „ M etropol. Tr. Co. Jan., 1921
Ju ly 1, 1929
Ph tl.,G ua.Tr.ASafeD ep.
Ju ly 1, 1922
N . Y „ N . Y , Cent.A Hud. June 1, 1 9 0 0
Oct. 1, 1900do
do
J u ly 1, 1903
PUD., Ph lL A Read. R R . Jan., 1993
Meh. 1, 1958
do
do
N. Y .,D avisA C o ..4 4 W a ll A u g. 1, 191EMen. 1, 1 9 02
do
do
N ov., ’91, d iv . la st paid. N o v. 30 ,1 8 9 1
N. Y ., Chase N a t Bank.
do
do
do
do
do
do
Jane, ’92, con. la st paid.
Sept., 1892, last paid.
N. i ’ „ Chase N a t Bank.
1,
1,
1,
1,
1,
1,
1,
1900
19 30
1918
1956
1937
1938
1940
m ortgage fo r §2,000,000 U to the M e tro p o lita n T ru st Co. o t N e w Y o r k ,
as trustee, and p rovid e* fo r bonds at §50,000 per m llo fo r road betw een
Ironton and I . « * « A ven u e. Duluth, a t §20,000 fo r a ddition a l s in g le
track, a t §13.200 fo e double track ; and fu r §750,000 fo r bonds fo r
depot groun d*, dep ot to Dultith. w harves, fre ig h t bouses, eto. St o c k
a uthorired and ou tstanding, §2,000.000.
D u l u t h A W i n n i p e g . — Owns road com pleted to 1892 from N ew
Duluth to D eer R iv e r , Minnesota, 100 miles. O w ned b y N orth S t a r
Construction Co., B altim ore, control o f which In Feb ru ary. 1893, w a *
acquired by Canadian PaciBc parties. E xtension s projected. V. 56, p .
245. St o c k a u th orired —com m on, $3,000,000; p referred , 5 per c e n t,
§ 2 ,000,000.
Bo v d * .—T rustee f f m ortga ge fo r §7,000,000 Is the Guar. Tru st A
Safe D eposit Co. o f Ph ilad elph ia. K a r s ik o s .—F rom Jan. 1 to Feb. 28
(2 mouths), to 1893, gros* $33,327, against §22.633 to 1892. In the
fiscal y e a r co d in g June 30, 1892 (road s till under construction ), gross
earning* w ere §1142160; net o v e r expenses and taxes, §40,202. (V . 53 .
p. 58. 308. V. 54, p. 597; V. 55,p. 297.)
R a * i P e n n s y l v a n i a . —O w n - double tra ck from Reading, P a ., t o
A llen to w n . Pa., 36 miles. Leased fo r 999 yea r* from M ay 1,1889, to th e
Philadelphia A R ead ing R R . at a rental o f 6 per oent per annum on th o
stock and Interest on the bonds.
P a s t s h o r e T e r m i n a l . — (See M a p .)—R o a d .—Ow n * term inal road
in Charleston, 8. C., 3 m iles; second track, 3 m iles; sidings, 4 m iles;
p riv a te aiding*, l 1 miles. G au ge 4 ft. 8 >a to. R a il (steel) 60 Iba.
*
B i s t o r t . - C om pany ow ns 14 w harves, 30 w arehouses, abou t 30
a cre* o f land, 4 c itton com presses, etc., on the w a te r fr o n t o f th§ c it y
o f C harleston mud connects the som e w ith the railroa d s en te rin g th e
c ity by m ean* o f th ree m ile * o f double track. Business consists In thetransportation o f freigh t betw een the railroads and the piers, a gen
era l w h arfag e b u *ln c»* and the com pressing and storin g o f c o tto n .
R oad b u ilt tn 1890 and 1801 anil ex ten d ed in 1892.
S s erK lT fE *.—Stock authorised. $5,000,000; ou ts ta n d in g ,§1,120,000.
O ther secu rities as In table. M o rtg ag e* co v e r e n tire prop erty.
O p e r a B o s s .—N e t earnings fo r 9 months to D ec. 3 1 ,1 892 , §56,378.
D ir e c t o r s , Et c .—Sam net D. D avis. W m . IT. Male. C. C. Cuvl-T, C. B .
Van N ostrand, D. H. B ou gh taU n g, N ew Y o rk . N. Y .; II. A M. Sm ith,
W E. H uger. Charleston, 8, O. OM w n are—Hnmm-1 D. D a vU , (’ reel
dent, 44 W a ll Street, N ew Y ork . N . Y .; V ice-President, Wm. E. H u ger.
Charleston, 8. C.; Secretary and T reasu rer, J obu L. N lsb et, 41 W all
Street, N ew Y ork .
P rin c ip a l office and address, Chat lesion, 8. C.
— <V. 53, p. 407.)
P a s t T e n n e s s e e V i r g i n i a A G e o r g i a R a i l w a y . —Tbla com
pa n y’ s lin e* are as fo llo w s ;
M a in lin e *.
M iles, Branches, A .
i t lire
B ristol to C hattan ooga, Tonn. .242 I t b ra n c h e s ____ 298
C levelan d to Lau d erdale .. .. ... 3 5 9 T ra ck a g e to M eridia n . . . . . . .
18
A tla n ta June., G a . to Brun*
w lek, G a ............................. .*348
T o ta l o f a ll........................... 1,285
• Line betw een A u stell, Ga., and A tla n ta . 18 m ile*, is ow n ed Jointly
w ith G eo rgia P acific.
Com pany Is also Interested In the Mem phis A Charleston R a ilr o a d .
C hattanooga tn Memphis, Ten n ., etc,, 330 m ile*, and the M obile A
Birm ingham , 150 m ile*. A lso lease* the L o u is v ille Southern R R , 1 3 0
m ile*, and Is Interested In the E r ls n g rr roads; tho Cincinnati N e w
Orleans A T e x a s Pacific, Cincinnati to C hattanooga, Tenn., 338 m iles ;
tho A lab am a Great Southern, Wanhate.hle, Tenth, to M eridian and
branch. 295 m iles, eto.
OBOAjftZATtoK, Et c .—Su cre .-o r o f the E ast Tennessee V irg in ia A
G eorgia R ailroad, sold to foreclosure M ay 25, 1886. T h e Rlcbm du A
Term in al held to N ovem ber. 1892. §8,783,200 first preferred, $6,536,000
second preferred and §'>.860,000 common.
Th e K n oxT llIe A O hio was leased fo r 99 years from 1889 and I t*
bonded interest guaranteed b y the rental.
In A p ril, 1890, acquired » n Interest In the A lab am a G rea t Southern
system by purchase o f stock. See Cincinnati N e w O rleans A T e xa s Pa
cific, also' statem ent concern ing Cincinnati Extension bond* below , and
V. 50. p. 560. In Ju ly. 1890. leased tgnUsvtllo Southern fo r 99 yours.
guaranteeing 5 p e r cent on bonds, (gee V . 51, p. 51.)
Sto cks O w n e d ,—O n J u l y l , 1802. com pany ow n ed the following
*t>u-k«: Mem phis A Charleston. $2.774,025; K n o x v ille A Ohio, $767,CRW (out o f $1.122.2(b)): A labam a G rea t Southern. §5,6 35,50 0; Olnoln)
n a tl N ew O rleans A T e x a s Pacific, $250,300; Richm ond A W e st P o in t
T erm in al. §2,900,000,
R e c e iv EHSHIP. -O n June 21 ,1 892 , on Recount Of the embarrassment;
o f tbe Richm ond A West P o in t T erm in al Co . Charles M. McGhee and
H en ry Fluk w ere appointed receiver* o f the E ast Tennessee V irg in ia A
G eorgia R a ilw a y < om pany. Including It* leased lines. A ll lulercell
obligations, h ow ever, flue Ju ly 1 , 1892, w ere paid, e x c e p t Mem phis A
Charleston and Mobile k H lrm lngliam ro ll (ions. G eneral Thom as sayn
the prop erty Is sound and needs no reorgan ization aside from ;mBu * 6m ent o f some o f the la ter issues o f homls m ain ly held by friends o f the>
com pany, w ith whom some arrangem ent can bo made w ithout d iffic u lty .
T w o com m ittees a*k the comperntion o f bondholders; see V. 55, p, 2 1 .
255. D efau lt occurred D ecem ber 1,1892, on the exten sion m o rtg a g e
5s and the general m ortga ge 5s fV. 55, p. 938), but coupons dno Jau
38
INVESTORS’ SUPPLEMENT.
("VOL. L V I
MAP OF TIIE
ELGIN, JOLIET
A N D
EASTERN RAILWAY
Ma y , 1893.]
RAILROAD
STOCKS
AND
BONDS,
39
S u b s c r ib e r * w i l l c o n fe r a g r e a t fa v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in t b e s e T a b le s .
Bonds—P r in c i
R A IL R O A D S .
IN T E R E S T O R D IV ID E N D S .
Miles D a te Size, or
pal,^When Due,
A m ou n t
of
of
R a te P e r W hen W h ere P a y ab le, and by Stocks—L a st
Par
For explanation o f column headings, A c., see notes
O utstanding
Road. Bonds Value.
on first page o f tables.
Cent. P a y a b le
Wnorn.
D ivid en d .
East Tennessee V irg in ia dt Georgia—{ Concluded) —
Gen. M. fo r $15,000,000 <$20,000 p. m .), gold .eA r
K n o x v ille A Ohio— 1st M-, g old , guar.by ren t. C i r
ga d <t Went A la .— 1st eons. M., g. ($15,000 p. m.) o '
S altern GY. f f . ) —S tock ................................................
gel River—Stock, 2*a to 3 p. c., guar, b y W a b a sh ...
Mlain Joliet dt Eastern—1st M. ($10,000,000) gold.c*
MtsabethUnen Lex. < B ig Sandy— See CHESAPEAKE
£
E lm ira Cortland < N o rth e rn —la t pref. M., gold-.o*
6
1st m ortgage, g o ld ..................................- ...............
M m tra c Lake O ntario—Sodus B ay A B o.— 1st M .. g. o
E lm ira d W illiam sport—Bt’ k, com., 5 p. o. ren’ l, N.C.
>
Preferred stock , / p .o . rental, 999 yrs.,>’ o. Cent.
1st m ortga ge...... ............ ....................................... r
Income bonds, 999 years to ru n ........................ e*
t r i e 4 P iU i.—a took, 7 p. c. rental.999 yrs-Pen n C o.
Consol, m ort. free o f State ta x (fo r $4,500,000).c
Equipm ent bonds................................................... c
General mort. fo r $4,500,000 series A , g., gu a r.. Erie, J W yom ing Talley— 1st m o rtg a g e........... .......c
Eureka Springe— 1st m ortgage, g o ld ...................... 0
2d mort. Income bonds.............................................
European dl N orth A m erica n —B cc M a i n e C e n t r a l .
Evansville dt In d ia n a p o lis —T . H. Ac Southe. 1 M.o*
E van sville A Indianapolis 1st m ort. gold.guar-.o'
Oon. M. (#2.500.000>g.,gu.p..ti. (end.) K v .A T .il.o '
Evanf. d R ic h .— 1stgea.M ., $12,500 p. m., g ,guar.o*
Evansville •£ Terre Haute—6 t O u ......................... .
1st consolidated m ortgage, g o ld ......................... o '
Mt. Vernon Branch m ortgage, g o ld ............. ...... o '
Sullivan County Coal branch m ortgage, g o ld .. c '
1st general m ortga ge fo r #7,000,000, g o ld .......o*
1,247
66
116
16
94
177
A OKI
120
120
34
75%
75%
75%
85
81
81
81
19
1890
1885
1886
1891
o.
1884
1834
1884
....
1860
1863
1863
1870
1890
1883
1883
1883
40
55
135
112
1979
1884
1896
1891
114
25
15
182
1881
1883
1890
1892
$1,000
1,000
1,000
100
100
1,000
D.
J.
D.
D.
0.
N.
J u n e,’ 92, cou. la st paid. Deo. 1, 1940
N . Y ., Cliaee N at. Bank. J u ly 1, 1925
Last paid Deo., 1887.
Dec. 1, 1926
Boston, by Treasurer.
Dec. 15,1892
B oston, b y Treasurer.
A pr. 5, 1893
N . Y ., D rex e l. M. A Co. M a y 1, 1941
1,000
1,000
1,000
50
50
1,000
500
50
1,000
1.000
1,000
1,000
1,000
500
750,000
6 g. A . A 0 .
1,250,000
5 g. IA. A O.
500,000
5 g. J. A J.
500,000 5 per an. M. & N .
500,000 7 p e r an. J. Ac J.
6
J. A J.
1,000,000
5
A . A O.
570,000
1,998.400 7 p e r an. Q.— M.
7
|J. A J.
2,109,000
511,000
7
A . A O.
775.000
4 g. J. Sc J.
3,000,000
6
J. & J.
500,000
6 g. F. A A.
F eb ’y 1.
500,000
6
N . Y ., 192 B road w ay. A p r. 1, 1914
do
do
A p r. 1, 1914
N . Y ., N at. B an k Com. J u ly 1, 1924
Ph lla., Penn. R R . Co.
N o v . 1, 1892
do
do
Jan. 2, 1893
Jan. 1, 1910
do
do
do
do
Oct. 1, 2862
N . Y ., U n ion Tru st Co.
June, 1893
do
do
J u ly i , 1898
do
do
Oct. 1, 1900
do
do
J u ly 1, 1940
Office. Dunm orc, Pa,
J u ly 1, 1913
N. Y ., M ercan tile Tr. Co. Feb. 1, 1933
do
do
Feb. 1, 1933
1,000
1,000
1,000
1,000
oO
1,000
1,000
1,000
1,000
251,000
7
M. A S. N . Y . , F arm . L . A T r. Co.
653.000
6 g. J. A J.
do
do
do
do
1,596,000
6 g. J. A J.
M. Ac S. N . Y ., Farm . L .A T r, Co.
1,400,000
5 g.
3.000,000 See text. See t e x t N. Y ., Farm . L . A T r. Co.
do
do
3,000,000
6 g. J. A J.
do
do
375,000
6 g. A . A O.
do
do
450.000
A. A O.
5 g.
do
do
1,237,000
5 g . ( A. A O.
1.1893, ob 1st 7s. D ivisional 5». A lab am a C entral 6a, K n o x v ille A Ohio
6* am LLouisvU le Southern 5s, w e re paid at m atu rity. On Febru ary,
1.1893. C incin nati extension coupons w ere p a id w hen due. I s A p r il,
1893, foreclosure suits w ere brou ght under both the Im provem ent and
equipment m ortgage and the gen eral m ortgage o f 1890. V. 56, p. 579.
C t r t M St o c k .—B oth the Brat preferred and the second preferred
stocks are en titled t o a lion-cum ulative d ividen d o f 5 per cent.
D tvrbuxtw h a ve b e e n : On drat preferred stock In 1887, 4 per c e n t ; It
1S88, 5 : In 1889. 5 ; In 1890. 5 ; In 1891. 2.
B o nd s .— Besides the bonds g ive n In t >e table as oatstan d in g, th ere
w e In the treasury extension bonds # 20 0 ,000, and g en e ra l m ortga ge
heeds #1,830,000, In addition to the K n o x v ille A Ohio bonds toe com
pany guarantees #3,000,000 M obile A Birm ingham 5 p e r cen t* and
H & 0 OO.OOO Bools vllle Southern 5 tier ce n t*—see those com panies.
The trustee Under the cemmltaUUeei m ortgage o f 1886 and She first
■ a te n icn morlgeige o f 1887 is the Central Tru st Com pany o f S e w Y ork:
e
#7,325,000 eonmdutatrd bond* w ere reserved to retire p rio r b o n is o f
the A labam a C entral R K . and th e East Tennessee V irgin ia A G eorgia.
The C in c in n a ti H xlcntim t bonds o f 1890 w ere issued Jointly by thl*
company and the Richm ond A D an ville, and are guaranteed, principal
ahd Interest by the Richm ond A W est P o in t Term in al. They are fu rth er
secured b y a deposit o f .*3-10.000 6 per cen t preferred A share* and
*783.010 ordin ary B shares o f the A lab am a G reat Southern. T h ere was
Also to be deposited fo r them $500,100 stock o f the Cincinnati S e w Or
leans A T e x a s Pactflc, and pending such deposit #500,000 in cash. Bee
’abstract o f m ortga ge In V. 52. p. 83.
The Issue o f Winds under the re te n tio n m ortgage o f 1887 has been
lim ited by v o te o f the Board o f D irector* to #5,1*0,000. Theae bonds
*30 exchangeable fo r the gei oral m ortgage bonds o f 1890.
J f i x u n i t i j D k k t ,—O n June 30, 1892, loa n * and bills p a y a b le
amounted to $1,826,897,In clu din g $339,375 car trusts.
L a t e s t E a r x ix o s — From Jan. 1, to A p r. 21,1993 (3% m onths). gross
St,800,260, against #1.890,886 In 1892.
A jvkcai. R * r o a r — F iscal y ea r ends June 30. R ep ort fo r 1891-92 was
In V. 56, p. 537. Th e results do not Include K n o x v ille A Ohio, etc
Tear end ing June, .'to 1889.
1890.
1891.
1892,
MHe* operated June 30.
1,067
1,197
1,265
1,205
Total gross earnings____ $3,301.024 #6,412.078 $6,718,730 #6,048.804
Oper'ng expenses A taxes 3,508,610 4,338.838 4.644.289 4,850.491
$230,000
5 g.
2,000,000
6 g1,725,000
6 g.
738,750 3 p e r an.
3,000,000 2% peran
5,589,000
5 g.
J.
J.
J.
J.
A.
M.
A
A
A
A
c
Ac
A
8ept. 1,
J u ly 1,
Jan. 1,
Sept. 1,
A p r. 24,
Ju ly 1,
A pr. 1,
A pr. 1,
A pr. 1,
1909
1924
1926
1931
1893
1921
1923
1930
1942
A jrs r.u . R e p o s t .—R e p o rt fo r 1891-92 w as In V. 55. p. 677. In 189192 gross earnings, #815,134; n et. $267,202 (again st $195,834 in 18909 1 ); Interest on bonds, #278,900; deficit. $11,698. President. Sam uel
Spencer. S e w Y o rk — (V . 52, p. 3 5 0 ; V. 53, p. 6 0 3 ; V. 55, p. 67 7.)
E l i z a b e t h t o w n L e x i n g t o n A B i g S a n d y .—See CnES. A O m o
E l m i r a C o r t l a n d t l N o r t h e r n . —O wns E lm ira, N . Y „ to Can o’
* to t«. 5". Y ., 119 tulles, and leases du rin g corp orate existence, C anastota
N orth ern R a ilroa d, C anastota to Camden. 5*. V., 21 miles. Sold In fo r e
closure In 1878 and again in F eb ru a ry, 1894, and reorganized as a t
present. Stock is $2 ,000.000; par. $100. F rom Jan. 1, 1893, to M ar.
31. 1 8 93 (3 m onths), gross earnings w ere $89,835, against $80,282
In 1892; net, $22,130, u g»in *t $10,134.
In y ea r en ding June 30,
1802, gross earnings w ere #395,810; net, #115,990; In terest on p re ferred
m ortgage, etc., #46,400; ren tals, etc., $18,000; surplus, $01,590. In
1890-91 gross #463.452. A ustin Corbin. President, N ew Y o rk C ity.
E l m i r a A L a k e O n t a r i o . —O wns front C anandaigua, If. Y ., to
Chemung Junction, 64 m ile s ; Sodus P o in t to S tan ley, 34 iolle a ; oth er 2
—to ta l. 100 m ile*. A consolidation In D ecem ber, 1886, o f the Smlus B a y
A Sou thern and oth er railroads. Leased at cost o f op erating to the
Northern Central, which ow ns a ll the #1,500,000 stock and $226,000
Sodus Bay bonds. Inclu ding #164,000 In Insurance fund. Lease may
be term in ated on th irty da ys' n otice from either pa rty. In 1892 the
gross earning* w ere #714.918; net, # 5,77 4; Interest, #25,000; oth er
chargee, $15,938 j deficit, #35,164, pa yab le b y lessee.
E l m i r a A W i l l i a m s p o r t . —O w n * from W illiam sport, Pa., to E l
m ira. N". Y ., 75% m ile*. T h l* com pan y was reorganized under the pres
ent name February 29, 1860, and leased to the N orth ern C entral R a il
w ay fo r 999 y ea r* from M ay 1,1863, a t a ren ta l o f $151,500 per anunm
a fte r January 1,1880. T h e d ivid en d * on the com m on stock are 5 per
cent and on the p referred 7 per cent, less taxes, m ak in g d ivid en d on
com m on 4 56 p. e. a i d on p referred 6'34 p. c. Gross earning* In 1892,
#1,135,940; net, #332,326 ; ren tal, $133,460.
E r i e A F H « * b u r g . —O w n * N ew Castle, P a , to G irard , P a , 82 m ile*;
branch, Dock Junction to E rie Docks, three m ile*; trackage (L a k e
Shore A M ichigan Southern); G irard to Erie, 17 m ile*; tota l operated,
101 m ile*. Itoad opened In 1865. I t waa leased to the P en n sylvan ia
R ailroad fo r 999 year* from M arch 1, 1870, a t a rental o f 7 per cent on
stock and Interest on the bonds, and the lease w as transferred to the
In O ctober, 1890, a new m ortga ge fo r
S e t ea rn in g s.............. #1,793,014 $2,073,240 $12,074,441 $1,198,310 P en n sylvan ia Com pany.
$4,500,000 w as execu ted, #3,262,000 being reserved to re tire p rio r
Yet, tool. mis. In com e.......#1,909,770 #2,125,927 $2,200,745 C l ,456,420 bonds am i the balance fo r Im provem ent*. A c. T h e lease ha* been
Interest on bond*.............$1,223,852 #1.404,743 #1.855,243 #1,907,785 ? ulte unprofitable to the lessees, the deficiency paid b y them being In
886. #225.794; In 1887, $287,306 In 1888. #211 0 6 3 ; In 1889. $290,Dtv. on 1st prof. * r k , 5 p. e. 550,000
550,000
220,000
M s c e lla m w i,...................
18,775
............
73,960
64.566) 7 3 4 ; In 1890, #267,705 ; in 1891, #201,724; In 1892, #206,430.
B a la n c e............................ »r.# 1 7 ,U 2 »r.$ 1 7 1 ,1 8 4 sr. #51.536 df. #015,931
—(V. 53, p. 407, 71 1 . 7 1 4 , 9 2 2 ; V. 34, p. 6 4 3 ,8 0 0 ,9 2 4 ; V. 55, p. 21,
155, 8 5 6.895 ,9 38, 1110; V. 56, p. 2 0 6 ,5 3 7 ,5 7 0 1
E a s t A W e s t R a i l r o a d o f A l a b a m a . —O w n * C artenrvtlle. G a.,
*> Pell C ity. Ala., 117 m ile * ; branch. 2 m ile*. Stock Issued, #10.000
Xir m ile; par, #100. Cba*. P. B all. C artarevllle, G a . Receiver. CerstScate* fo r #640.863, bearin g 6 per cen t Interest, w ere Issued
to put the road In thorough repair. Gauge changed to standard In
1890. In N ovem ber, 1*02, decree o f foreclosure was obtained. (V . 55,
p. 938.1 L itiga tion a* to va lid ity o f #981,000 o f the bondspen ding.
i«de postponed till M ay 29,1893. N o in terest 1* paid on receiver's eerti#«ates. In y ea r ending Jnne SO, 1892. gross earnings w ere #128,030;
set. #11.821. In 1300-91, gross. #133,479; net. #0,368. I I K e lly ,
President. N ew Y ork . (V . 55, p. 038; V. 56. p. 463.)
E a s te rn ( M a s * .>
—S e e R o s t o v A M a i n e
E a s t e r n T il l i n e s o l a . —S e e G r e a t N o e t k e s x .
E a s t e r n <N . I I . ) — Ow n* from Portsm outh, N , H -, So Seabrook
Massachusetts 8t »* e Line). 16 m ile*. le a s e d to the Eastern RR . Inow
»s *o lld a te d w ith Boston A Maine) from O ctober 1.1878, fo r 60 year*
tad 2 month* at $22,500 per year. In June, 1891. a stock d ividen d o f 50
yer rent w »* paid. Dividends till Increase o f stock w ere 4% per cent
?er annum, since Increase. 3 p e r cent. P rop osition to consolidate w ith
be Boston A M aine under consideration
J R e ) R i v e r , —O w ns from Logansport, Ind,, to B utler. Ind., 94 m ile*,
la l* w » » form erly the D etroit Eel R iv er A Illin ois R ailroad, sold under
oreelosure Ju ly 6,18 77. Learned fo r 99 year*. A p r il 1, 1887, ren ew able
arever, to Wabash, at 2 per ren t y ea rly on the stock till A p ril, 1892,
ben 2% till 1895 and 3 per cent thereafter. V . 53, p. 436.
E l g i n J o l i e t A E a s t e r n . —(See M a p)—O w n* from W aukegan IlL,
tw o m iles east o f E lg in ), v ia Spaulding and J o lie t, to McCool, Ind,,
25 m ile*,and branches A urora to N'ormantown, 9 m iles—W a lk c rto Coser, Etl— 32 m ile * ; branches, 11 m ile*; tota l, 177 miles. This 1* a great
l « t lin e a ffording to road* approaching Chicago fa cilities fo r transfer
» f freigh t from one lin e to another w ithout b reak in g balk. A ls o reaches
he coal Sold* o f Grundy County.
STOCK.—Stock, #6,000,000; par, $100.
B o n d *.—F irst m ortg a g e (tru stee* C entral T ru st Co, and J. M. Butler)
» tor $ 1 0 ,000,0 0 0 ; the balance unissued can be disposed o f fo r extern
lon«. betterm ent*, ete. B ills payable w ere #120,000 Ju ly J, 1892.
L a t e s t E a k jh k o *.—Ju ly 1 , 1892, to Mar, 3 1 .1893 (9 m onth*), gross
'695,138, against 1621,389 In 1891-92; n e t,$197,470,aga ln *t#2 2 1 ,027
E u r e k a S p r i n g * . —Seligm an. Mo., to Eureka Springs, A rk ., 18%
miles. Stock. $500,000; par, $100. In yea r en ding Juno 30, 1802,
gross earn in g* w ere $76,112: net, $41,610 ; In terest l * t m ort., $30,OOO; in terest on Incom e*, $15,000. T o ta l surplus Ju ne 30, 1892,
$30,806.
E v a n s v i l l e A I n d i a n a p o l i s .— ( ftee Map K r a m r ilU A Terre. H a u te )
—Owns E v a n sville to T e r re H aute, Ind. (v ia W orth in gton ), 138 milcsjt
branch 6 m iles; lea »c * branch to B razil, 12 m ile s ; total 156 miles. A
consolidation In O ctober, 1885, o f th ree corporation*, viz.: the Evans
v ille A Indianapolis, the E v a n sville W ashington A B razil and the T e rre
Haute A Bouthea*tcrn RR *. O f th e consolidated m ortgage bond*.
fiK H .0 0 0 are reserved to m eet p rio r lien*. T h e consolidated bond* and
th e bond* o f 1924 a re guaranteed by the E v a n sville A T e r re H a u te Co.,
which ow n * en tire capital stock, #2,000,000.
From Janu ary 1 to M ay 7, 1893 (4% m onths), gross earnings w ore
#124,015, aga in st #116,846 In 1892.
In y ea r en din g June 30, 1892, gross earnings w ere $368,795; n e t,
$179,210; fix ed charges, $168,514; surplus, $10,696. In 1890-91 gross,
#328,278; net $142,132. (V . 54, p. 119.1
E v a n s v i l l e A R i c h m o n d .—<Set H a p E tn a *. <* Terre, H .)—O w ns
E ln ora to W estport, Ind., 102 m ile*, ana coal sputs 10 m iles and
projected from W estp ort to Richm ond, 65 m iles. Controlled and
operated by the E v a n s v ille A T e r re H aute, which guarantees b y en
dorsem ent on each bond the principal and Interest o f the gen eral m ort
gage 5* and o w n * the en tire ca p ita l stock o f 81,500,000. T h e author
ized Issue o f these bonds 1* $2,000,000, o f which #1,400,000 w ere In be
used to retire the Eastern and Western D ivision bonds. O f the am ount
given ab ove as outstanding $122,000 w ere held in N ove m b er 1892, to
retire a lik e am onnt o f W estern D ivision gold 5s (M. A S .) due Sept, 1,
1928, not y et exchanged. See V, 54, p. 306. 587, 643,
From Jan. 1 to M ay. 7 , 1893 (4% m onths), gross earnings #46,802,
against $36,853 In 1802.
E v a n s v i l l e A T e r r e H a u t e . —f# re M a p .)—O w n* from E v a n sville
to T e rre H ants, Ind., 109 m ile s ; F ort Branch to Mt. Vernon, 37 m iles j
oth er branches, 15 m ile*. P ro p rieta ry Lines— E v a n sville K elt R a ilw ay,
5 m ile*, tota l operated d ire ctly, 166 miles. O perates, keep ing earnings
separately, E van sville A Indianapolis (w hich see), 144 m iles ,and leased
line, 12 m ile * ; E van sville A Richm ond R ailroad, Elnora to W estport,
102 m ile*, and coal spur* 10 a llies; to ta l o f all, 130 m ile*. T h e Rock
v ille E xtension. 23 m ile* additional. In leased to the T e rre H au te A
Logannport and Chicago A Eastern Illin ois fo r $12,000 y ea rly. A ls o
ow ns en tire stock s f E v a n s v ille A Indianapolis, w hich see.
INVESTORS’ SUPPLEMENT.
RAILROAD
iU l, 18 a.]
S
STOCKS AND
BONDS.
61
S u b * e r ib e r » w i l l c o n f e r a. g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n tb e s e T a b le s .
Bonds Princi
IN TE R E S T OR DIVID E ND S.
1MD«a Date Slie, or
pal,When Due,
Amount
) of
of
Far
Outstanding Rate per When Where Payable, and by Slacks—L a st
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
R AILRO AD S.
on first page o f tables.
S ro n tv u U Terre 11. 4 Chic.
-----2d mortgage, gold, t o t guar, by
19
19
. ...
....
....
guar..o*
; <i Pow hatan— 1st tnort. fo r $550,0<X>.
Second mortgage for $500,000, Incomes..........
Eastern extension 1st >1. for $ 1,050,000, gold..
ttU M > *rg —Common stock.....................................
F ret * per cent stock, non-oum...................... .
Bends, $500,000 are 6s, due Oct. 1, 1307.......... .
Bc®d«j500,000 yp ly,’99t*> 1003 taeL. bal.l908.«r
Bond*-................................................................
Bonds to State of Mass.(3 % p. c, t o t a ll Feb., '07
Bonds............................... .............................. cAi
j
SO
i . ...
!
I
!
}
1870
1872
1881
1883
1888
1889
1890
1893
....
. ...
....
....
. ...
71 A T
‘30-’88
1883
1837
1887
. ...
'81-’S7
1390
- ............................... ................ . . . . . . . . ........... . . . . . . . . . . . .
Bond* ($1,500,000 due 1907, Interest A. & O h-.
Bond*...... ........................................................... <
Bonds for $1,791,000 (Sec. text.)........................
Boston Karre A Gardner 2d A 3d mortgagee .. 1
Trey A Boston ls tm o r t (V. 53, p, 40ft)..............
Boston Bom & c Tan, A
debenture*. see toxt.e*
Cheshire RR. plain bonds, $5.50.000 due 1393. ,c'
Brookline A Peppered plain bonds, guar. (end!..
H in t 4 P m Marquette —Common stock ($3,500,000)
F re t stock, Don-cumulative (for $6,500,000).....
Holly Wayne & Monroe 1st M. gusr.p, A i , end. .e
Fttat-A Pere M arotte mortgage 6s of 1020, gold.o
Coasoi M.. Ifor $10,000,oSO) $20,000 p. m „ g.c* ,
Port Boron A Northwestern—1st mortgisge......e
F. A P. M. 1st M. Fort IT. Die. i$3,500.000i.goM.C
Efjalpm t bond*. $10,000 doe annually Nov. I c*
i
....
3o
....
.. ..
1,000
100
100
1,000
1.000
. .. .
....
1,000
i.o o o
1,000
1,000
1875
....
1,000
1374
1883
1,000
76-'78 500 *0.
. ...
261
3#4
$1,000
1,000
. ...
1,000
....
1871
1880
1889
1879
1899
1387
100
100
1,000
1,000
1,000
.....
1,000
1,000
P eoria Decatur A Evansville—which, see. fa 1390 a ten-year traffic
,
,
. ...
wmtraet was made wltb the Chicago A Eastern Illinois for a through
route between Chicago and Evansville, and in December. 1897, a contract was entered la w for tlie operation of both companies a* one line,
•a far M traffic Is concerned. (V. 55, p, 995.)
Sto ck .- a a Increase o f stock from $3,000,000 to $6,000,000 w a*
aatboriaed by stoekho;
Mere In October, 1992. bat no further a
action
taken (V. ;-i. p. 4 82 ,679.)
I D rm u a n n s since 1 8 8 0 .-tn 1381, t h par Cent; In 1884, 5 : In 1985,
3; In 1866, L; from 1887 to 1990, tnclnalve, 5 per cent per annum; in
1891,7; to 1892, January. 2 ; April, 5 per cent to general mortgage
bond*; Oetober, 5 per cent in cash (eerof-annuals: to ! “ 93. January, 2*»
! perron* (dividend* ehanged to qitfwtiwly.); April, 2% p er cent.
! B o w * . O O aRM firea. E tc .—K t a iw v m * & Richm ond bond* fo r $1,400,j 000 and certain E v a n sville A Indianapolis bond* a rc guaranteed. See
• thoee MHO panics. Th ere are also $30,000 E v a n sville A T e rre H aute
I etmeols, due July 1. 1910, and ear trust notes July 1. 1**2 $6*9,217,
’• The Bv. A T, Haute general m ortgage cover* 182 mile* o f road owned
i * # * * > % ? * ? 0 0 * * * * * * o f p rop rlota n - roads, h a vin g a m ilea ge-of 277
f " t t k k < M tb « authorised ! * » « » $3,855,000 a re held in tru st to retire the-
maturity, the mortgage providtsg that the prior Iton*
.sh a lllw p a M a h d n o t e ito a d c «l A .-nffieteat amount i» also held to
J**A*
*CF“ " O ^
wer'8 " ? «» * » provide
; lOT dowWe-tracking, etc.. In prepare .mo for the-Chic ago I.tpc-itton.
! U t m t B axhtskmi.—From Jan. I to M ay 7 .1898 <4H months), g ra m
; earnings were $444.13-1, against $M $. 06 u in 1992.
■ A awxis
l
Hs.i-t.ur
H u e*! y e a r end* Jane 3t>.
Annual m eetin g 1* hold
. «$Btnwam'Ue the third Monday In October, Last report in V. 55, p. 854.
Y ta r m ttiinf) Ja n e 30—
1890.
18*4.
1892.
Total mU*« operated . . . ______
150
161
105
Gross earnings ........................ $9702151
$1,102,629
$1,225,413
Net earnings ......................... 473,457
494.035
607,777
h w M u i . . . , ......
t ijit
100,233
44,000
Total net income.
<m debt, eto.
$526,312
$7<>1.3<X)
, 150.000
*538,741
m m , 175
105.000
$775,000
325,000
150,000
890,000
320,000
500,000
1,080,000
6 g. M,
« . J.
M.
6
M,
6
M.
6
F.
§ g. J.
e
6
o g.
& N. N. Y „ Farm. I . A Tr. Co. May 1, 1900
&
A
A
A
A
J.
do
do
N.
T
do
do
N. Phlla., Fidelity Trust.
.........
N,
A.
& J. N. Y „ Washington T r
7,000,000
16,910,000 See te x t J. & J.
Boston. Office.
A. A 0,
1,000,000
6 i7
do
do
1,500,000
5
Various
do
do
750.000
5
M. A S.
do
do
5,000,000 3H to 4 F, A A.
‘ do
do
2,250,000
51. & 8.
m
do
do
5
500.000
J. & D.
do
do
2,500,000
4
Various
do
do
4
500,000
J. & D.
do
do
See text.
.......
153,000
3 *6
J. & J.
do
do
577.000
7
J. A J.
do
do
5
M. & 9. N. Y.. K.inmti:c Bros.
1,100,000
800.000
6
J. & J. Boston, Fltchburc RR.
100,000
5
J. i D.
do
do
3,298,200
6,342,000 See textJF, * A. East Sag., Mloh., Tress.
1,000,000
8
J. A J. N Y „ Merchants’ N.Bk.
3,999,000
6 K. A, & O, N. Y „ Mer. Ex. Nat. Bk,
1,900,000
5 it. M- A N
\
do
do
lo i.o o o
A. A O,
7
do
do
3,125,000
do
do
5 g. A, A 0.
200,000
5
M. A N\ Boston, Intern’ ! Tr. Co.
Jan. 1, 1900
May 1, 1920
M ay 1, 1898
May, 1922
July 25,1923
July 1. 1940
1943
Jan. 16, 1893
Ap.’9AAOc.’97
Var.’99tol908
Meh. 1, 1899
Feb. 1, 1937
Sept 1, 1997
Jane 1, 1900
1904-5-7
Jane 1, 1920
July 1, 1896
July 1, 1924
Sent 1. 1918
July 1 '9o->98
Deo, 1, 1911
Feb.
Jan.
G ot
May
O ct
Apr.
15,1893
1, 1901
1, 1920
1, 1939
1, 1899
1, 1939
; ohendoa, 36 miles; South Ashlniruhatn, Mass., to Bellows Falls, V t „
i 54 miles; branches, 71 tnUea: Monadnock Railroad. 16 miles- total
1owned, 372 miles; 1 uses—Vermont A Mas*. BR. (which see), Fitchburg
to Greenfield, 56 miles; other, 8 m ile*; total leased. 64 miles- total
Jane 30, 1892. 436 miles, o f which 155 miles double track.
0*
Oct. 1,1890,consolidated with
■road «).M X »n ..\ .- O n1,1892, with the Boston Hoosacthe Cheshire Rail
and on October
Tunnel A W „ the
T roy Saratoga A North, and the Monadnock.
sto ck . T he State o f Massachusetts own* $5,000,000 o f the common
—
stock. The preferred stock 1* entitled to 4 j>cr cent dividends, then
common and preferred receive dividends share ami share alike. On
October 1, I -02. the preferred Stock -mu Inrr n«e<l from $16,498,000
to $17,000,000 for consolidation referred to above.
1»1V|!>KM,«. On preferred stock: in 1887, 2 p ercen t; fa 1888. 2 ; In
1889, nil; to 1890, 2 p. a ; In 1*91,3 *, p.
m 1892, Jan., 2 p, o.; Jn!y,2:
n 1893, January, 2 per cent.
_
__
it, ,»(,* .-T h ere ago also $43,000 Monadnock Railroad 5 tier cent
r..,.., -----------a 'a
- in rtgagn uote o f too H.
■b o n d * d o e J u ly 1, 1907; a n d . .i.l.l — 7 'c tm t “ - «rts
wT. D. A E. t •«. fo r fSW M N M due A p ril
1«f» l. o n Dec. 3 1 ,1893, Diore
D«
w cr» oittsUndlug loan* and bills payable amounting „ $1,300,000.
payable amtin......„ to
j For Vermont A M:m. guaranteed securities w o that comnanv
T o pay $1,400,000 Boston Doosj.e Tmm 1 A W n t m b o n L snbleot
to tsB upon CO day-' notice and *391,000 Boston Barrc A Gardner
bond* ‘ .........*
1893, th "
*'*“ '* <ln- fend paid) April i, * ...* " -' directors w ere' auttMM%ed~is
September, 161)2, to w a , band* for $1,791,000. V, 55, p. 503. 544,
I, Ateat E vRM Xi;*—
-For 9 months ending March 31 earnings w ere;
9 M onth*.
Orem .
| W * - f .........
; 1891*2 .........
A s . v !
;
S t t.
tn t., lares. 4 c.
B a l..tu rw
$5,740,880
*1,588.203
$1,096,918
$ 4 w l,2 (i»
5,503,457
1,741.204
1,081,910
659,294
!ti. F;-.-a) year ends June 30. The annua! report fo r
I 1891-02 w as la C n n o s ic t a V. 55. p. 501.
j
Tear end ing J w «e 30.
1889.
1890,
1891.
1892.
389
360
430
430
*708,010 |T ® $ w m ilm op «*rat© d .....
$231,346 j T o ta l gitM * e a r a fo ir * ..... $5,747,985 $6,259,533 $0,851,902 $7,349,805
Op. «xp€saiM^*ad m x m * . 4,390,792 4,525,605 5.133,465 5,338,778
180,000 j
N > t^ n d 'M g ?»............ $1,357,193 $1,733,928 $1,717,537 $2,012^027
T o tw p m jm e n t* . ............... $354,300
$646,175
$411,346
. « « r p i u « , ., , ................$171,012
Rentals p a i d . . . . . . . . ......... $281,280 $271,980 $274,080 $260,080
$1.52,566
’—I f * p . lie*-, 507, 643; V. 55, p. 46*4.« 3 9 , 879, 8 5 4 , 995 165.)
In terest on d e b t ..
799,153
869,008'
945,271
27.875
8^*64
Whrmnmt-i 11 ■ 'F e r r e l l a t i t c A l h I r « £ o c * O w t a from T e m- H aute Other in teres t,, , . , «
20,210
18,793
4s
-w
4 T*
$<
.
* (*« -1*
I . . —« * —p ... * .
,- sa
Htyidend#,
261,835
562,749
8-49,238
f&W&B&ami Is 4 ., to
tlL , 41* s i l k « ; \emt4m 6 a f l a i ; t H a lo p e n t e
I t nmm 6 talks* o f thm traeit o f tii# ttMtertOM M % trnm sn tut#
$143,232 $302,696 d e l $0,475 $ 1 3 7 ,7 4 5
ja im t e ; aluo tentMm tlus tn&imsxm Bloelt C oal Eoa4, %5 m O m . On B alanee, p ir p iim ,. . ........
IBB*-,
to ih € 47bie*$&& Ejwtens liliu o i* w a » matte fo r —I f . 53, p. 256, 4 0 11 714; V. 54. p, 043,762; V, 55, p. 2 5 6 ,4 1 9 , 501
»
.
p P P B w ; term*.. $75,000 per smtwm a b 4 tb * rn tm avtlm t b y the f'M - 500, 544, 765, 80*1; A . 56, p. 217, *54.)
m%is A
I f i M s o f a ll rental# amt taifM paid by fevaMYttU* T»*rre
F l i n t Sc P er*- TIa r q n e t t e .—f Sec Map . O w i i a from Monroe, Mloh.
M m U m Chicago. .Majority o f the *torfc u ow n ed b y r*hica.^*o A E m te m
rhteii | B a n u ito «« l a t « r w t on the ttrsf and aecond tnort$i»j?e to IjU diogton, M l h-. 254 m lle«; 13 branches to E »et Bugiimvc. Foatoria,
ete., 150 mil-ee: 1**rt Huron $o Kr-tet Saifinaw* 90 milea; Port Huron to
F a l l HI r o o k I I a 11 \c a y , —■ >ww mm Mffttetf, IT. Y ., tty A n trim , ? Buna Beach 13 feet], 70 mites; Palm to Port Austin, etc, 0 fee t), 40
*
'?»*. 53
braurb to flmrrU*nt \ idley Pa., 33 mile# ; F a ll B rook ; ndks**; Port Huron to Altiuont (3 feet), 34 m ite*; trackage to D etro it
mwadk* 7 m U m : ie .w n g jm w w a * if tif a A Ottrum g Rjr„ OmUnsc, Of, Y „ • and R oaf ora, 17 mile#: total, Jan. 22, 1893,655 oillo*. o f which 139
producing branches mot bonded)," 142
?k? O enera, K . V ., 5$ <oUe«, and b rm - h 6 mhee; and F in e Creek B y , , ; were .Meet *auire ; •*
ntilee; spurs auad ildfu ge, 154 mile*,
tB&ikm&nl® Junction to Xe wi»e.rrjr J tin . P a , 75 tnOeA; total, 232 mile-*.
080*3*04110*, S tc O K itiis, E tc .—Sold in forocloaiire A u p s t 10*
K in * J i f f E tc , —Form or fj C om tek
|tie A A ntrim , H am e { i m o . and reoriraoDM. In im & ataorhed Port Huron & North weatern.
•«ht»«w3 July l, 189.:. nnd #tw-.k U > m
to $5,000,000. See V, m , j». I
21* Wtrtdtflii* paid quarterly, Marei t l , ete. T h e coal *Uue o f P h lla .! etc. (»t*v v, 48, p. 22V, 260*. The conaolldatctl morticajte of 1939 I* a
) S r * mort«aca' on 114*4 mite* of road. Tnietee Central Trust Co. Port
A Eeadirig ami New York Ceutrai V v .,r
*
.'
^ H '^on DU tejon rnortk' ige i* for $3,500,000, of which $125,000 re*ervtkl
Jointly w it h m itt pompaniea ^
fj* * , *v .
1
_ *hde o f tbfy lm * ' i for $104,000 P. H. A N. W. 7*. Uu Jan. I , 1803, there were outatanrl•
iroacl Company* For bond.% .-.(♦*1 In 1893 sec \ . Ob, p. 463s Jtnar Mil* payable for $505,700. Land grant w »e 513,000 acres, of
, Ea t **7 E&mtutOi%—.5rn. I to M arrh K 189313 month;*), jero** on 03 <w-bmb 04,350 aero* unsold Jan, 1. 1893; «ale* in 1892—5,617 acres for
mflea, $179,95] ; net. $-19,834 ; other
’
&orQn
fir e d ch arge* $13,240; idils roet-i Table Jan. i, 1893, $80,310.
#19e511 ; tuftlase#, mjrpl u.», $ 9 ] ,701
D r v O n preferred stock since 188,5— in 1886.4%; in 1887,5**;
In y ea r end lu g ■June 30, l$ 9 1 t fff&am es m ln sS o f the 0 , f\ A A w ere
n 1888, 7 and 5 extra; In 1889, 6%; in 1890, 0 per cent; in 1891, 3 V,
E 2 « ® * a *1 9 3 .2 0 9 ! KMjrtu* tolf*e*.-e,$a-i,247. i ; , w r » J. Mage*-,
n 1802. Fei»., 2%* Attn., 2 per co at; in 1803, Fob,, 2 p e rc e n t.
Frwddente C orning, N. 5 . tV. 63, p. S « k ; V. 54. p. 16<>; V. 58, p. ^1.)
L atest K auninoh .—For 3 month# ending March 31 earnings w e r e ;
. F s r w j v i U * ' A P s w h s t a n . —O w a s fro m B
la I tiim im i, Ya.,
3 Months.
Gross.
Yw.
TnVsi.cte.
Bat.. m trp,
;JoFarmefile, 8 9 otilee, and hraurbee to Kppea* Fa!
_____
l , S m ile*; total 97
|1 8 9 3 ,.. .* .. ...
$71«;,778
$130,249
$153,245
def- $2 ,9 0 0
1 ^ 0 * Com pleted March 3, 1890. btoek author
Crutmion, $500,805,024
231,526
9 0 ^ .pm fm rrw l, r
Frnm J%; ary 1 to March 31, 1 8 9 2 . . . . . . . . . .
146,325
aur, 85 ,2 0 0
7 a , $500,000; par, f t 00. p »v ia ^ iimin
*«•*»
*2 ?f
fTOii* earning*. $18,720. ngntnat $
-fid/>55 In 1891; n »i ! AjssftfAL R e p o r t ,— F iccai y e a r end* D ec, 31. R e p o rt fo r 1892 to Y .
a «* «, lo w o f $1,745, In y e a r 1890-91 grn**,$9 .018; net, $17,639' j 56, p. 667.
F fm d fa y P o r t W a y n e Ac W e s t e r n . - CNruii road In of*eration
Trstr e n d in g B tc. 31.
1890,
1891.
189 2.
'Ttsn F indlay, o ,, to HavHand, id m ile*, and f nxtfdeled to Indiana Flare ( T o ta l mO-m earn in g*___ ____. . . . ___ $2,9211,575 $2,900,624 $2,886,715
U
adtlN Jonal. T o »e construct^*: k> F o rt W ay to*. I net, 21 O peratin g t f tp m s m a n d taxe#___ _ 2,042.409
2,039,411
2.024 ,754
4w68* _On J a tiu a r y 24 , 3893, utodtcioM er* nted to extend the road
rom Find la ■ t o
>
w)Bfwo, H uron C ounty, « 1 m ites, ta }aerea*o
>
N et e a n dries-...
.. $881,100
$801,212
$8 61 ,96 1
apiial steek
40.0W) to $3,090,000, and to create <»« pr*tr,*o^*«1 Interest on d e b t..,
53 8,104
581,771
607, 943
a^terly e.riei
IfdhfKJO firot mnrteMfl 5 jmr cent Kohl bond*. D ivid en d s.. . . . . . . . .
. 43) 317,100 (4) 253.680 14) 253, 680
;ti#eiswM»r to
’i!' ® M idland sold in foroclostire in June, 1890,
'T aster* o f m
ro
T ru st Co. o f Mew Ifo tk and A lle n f B-ftE fo r the fe a r , ,
, . m r . $5,902 ftiir, $25,701
anr. $3 38
o f Ft.
m$*M. iMltft-urf*<*«!, $18,000 p e r mile.
i M iy ^ V- 90S ; V. 54, p. 32$, 307, 447, 7 0 $ , $ 8 9 ; V. 36. f . 067.)
(9
Cavour
Powers
{
RAILRO AD,
in River
eto8kcyJ|
e
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Burke’s Falls'
Clarion
Wolverine
Coleman
Elmira
c^qicano
^$0fffiarry Sound
Gaylord
[ancelona
Trading'
lakcfgS
ZBlack River
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Tjv})MAhnapet
Graylinj
IMayfleld V
fXrRoscommon
ZFort Howard
Alton
Norwich
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Malijlowoi
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West Branch
'Mngwooi
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’Jackson's P A
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ru r r r
.Chilton;
Zarriston
'\SKetourne
‘'Palmerston
m
White Cloud
Addison
:Mitchell
xf\Uolion /
"Waukesha,
Howard Cltyi
_Ashland 9
/
Jthaca
Jtoarta
Sheridan
•eenvu
Thedford
.O D
ftAN
Grand
Owasso Jc
Tortland
• ZBnflingtoJ
Geneva tdJCe
'Glencoe^
Charlotte
Welland
'ilsonburgh
KT C
G?ya‘ !
WhianO
LANSING'
lonteith
Caledonia,
INVESTORS’ SUPPLEMENT.
^ Cadillac
s I
,
“
it. Thomas
Howell"0 [ton Rapids
^Angola'
mkirk
mnstom
Hartford
Suhptfxraft
ILawton
'alam'azoo
'
\Bos^D
l
Tecuvix
ZLittleWdUey
cVidtaJ*
G
i?;.m
{.
A d ra in ,
7iree Rivers
Geneva
lurgis
A n g o la / j
Elkhart
jFayel}
leaver Centy
TOLEDO
ronJpeh'er
Chardo1
)
Samius^
’arreD
lvi.
rW a usei
JBowliiW
Auburn
lherma\
[Vol.
dtoTigcon
A u ro ra
Kensh
•rocton
W id e n l
/fW altz1
XVicksburgh
A \ ,t a 8
epJ>^
'indsor
Ma t
RAILROA D STOCKS A KI) BONDS.
>3 |
fit
Subscribers w i l l c o n fe r a g re a t fa v o r b y g iv in g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e re d In th ese T a b le s .
R AILRO AD S.
Ear explanation of column headings, Ac., see notes
on first page of tables.
F lorid a Centra! it P e n 1st M. $5,226 p. m, gold.0'
2d H. (1st on ext., 92 miles; $3,226 perm.. eold-C
Consol, mort., Sg7.800.000 ($10,000 p. n u , goUL.c !
Florida Central A Peninsular Terminal bonds___j
fa n d a Johnstown & Gtoeersrilte —latM. ,s.f.,not dn.c*
Cons. M. for $500,000 ($300,000 re-’d for 1st M.)c|
T o rt Wayne <t Jackson —Common stock................... (
Pref. stock 18 p. e.), 5>* p- e. rental Lake S to re .., j
P ort Worth <Z D em . W ty— 1st 31., g., $18,000 p, m.c*l
Equipment bonds................................................. c
Pan Handle KK. 1st mortgage.............................
Fort Worth a R io Or.—1st .If., gold, $20,000 p. m.e*
Galveston B a m s b , < X Anttm in—l e t S L .g .M w l gr.c*
t.
2d mortgage. Harriet), and Houston to San A n t e '
W est, D m 1st M., g .,$ an A .toE lPaao.0 30 m.&br.c*
2d mortgage (see remark*)..............................e '
Galveston H ouston «* Bend, e/1882—1st SI., guar. .e
Georgetown of Western— l * t mortgage, gold.......... e
Georgia C a ro lin a t X orth ern — lstM ., gold, gtiar.c*
Georgia Co—Tr'stb'ds.s.t.dr.iU 110 a f t July,92,g,e*
Georgia M idland it G u lf— 1st M., gold (See texne.tr*
2d mort,. Incomes, uoneutn. $7,500 per m ile... r
Georgia paetfic— 1st M.. #10.000 p. ir..,gold, tut. gu.
Con. 2d M (fo.o o o per mile) gold. Interest guar.,-'
Con. 2d Income, non-eum. *#9,000 p. io->, gold.. e*r'
Equip. M , g., gu. p. & i. feud,) f,, *ubj. to call e'
Equip, i t . , x ., p. A 1 gna. R.& 0., subject to call, c*
.
Car trust*. June 30, 1892 ................................... j
Georgia R un road <f R a n k in g Co.—Stock..................I
"Bonds, not mortgage..................................... e**r!
Bonds, not mortgage..................................... c*.tr
IN TE RE ST
Miles Date Size, or
Amount
o f 1 of
Par
Rate per When
Road. Bonds Value. Outstanding Cent. Payable
1
: 1888 $1,000 $3,000,000
5 g- J. A J. 27. Y., Am. Excli. Bank,
: 1890
1.000
428.000
5 g. J. A J.
do
do
1893
1,000
5 g. J. A J.
2,656,000
do
do
rj
....
40,000
do
do
1870 100 Ac.
300,000
7
J. & J. N. Y „ St. Nich. Nat. Bk.
1881 100 Ac.
200,000
6
do
do
A. A 0.
; ....
100
436,132
| ....
100
2,291,416 5 % p. an. M. & S.
1881
1,000
8,170,000
6 g- J. & D.
i 1889
1,000
160,000
5
M. A 8.
do
(lo
! ....
1,000
225,000
5
J. A J.
do
do
1 1838
1,000
8,923,300
5 g. J. & J.
*71-*80 i.ooo
4,756,000
6 g. K & A,.N.Y.,Bo.Pao.Co., ABost.
1880
1,000
1,000,000
7
J. & D..
do
do
1361
i.o o o
13,418,000
5 g. M. & N.
1881
1.000
6,354, IKK)
6
J. & J.
j 1883
1,000
2,000,000
A. & O. N. Y.. 195 Broadway.
5
! 1687
200,000
5 g. M. & N.
N ew York City.
. 18811
1,000
5,360,000
5 g. J. A J. N,Y.,Merc.Tr.Co.& Balt,
f 1887
1,000
4,000,000
5 g. J. A- J. J uly ,’92, eoupdast paid.
1,000
1,650,000
1 1893
-1 g. J. St J. N. Y., Central Trust Co.
i 1893
500
750.000
4 ~ J. A J.
.
! 1882
1,000
5,603,900
6 g. J. & J. Jan. ’83 coup, b ou gh t
: 1888 500 Ac.
4,711,510
5 g. A, Sc 0 . Apr.,’92, conp. last paid
1888 500 Ac.
4,600.000
5 g. A . & O.
; 1880
1.000
931,000
5 g. F. A A.
. ...
1891
1,000
47,000
do
do
6 g. M, A N.
....
....
601,650
M. A S. N. Y., Atlantic Tr. Go.
307
....
io o
4,200.000 11 per an Q.—J.
. ... : 1877
1,000
c
1,000,000
J. A J.
do
do
. .. . ; is s o
■
1,000 , 1,000,000
J. A J.
do
do
!
j
6
575
666
760
___
10
26
98
9$
454
13
15
146
....
225
671
071
50
36
206
....
100
100
566
506
566
Bonds—
Prinoi
pal, When Due.
Stocks—Last
Dividend,
July 1, 1918
Jan. l, 1930
Jan. 1, 1943
July 1, 1900
Apr. 1, 1921
Mob.
Dec.
Meh.
July
July
Feb.
June
May
1,
1,
1,
1,
1,
1,
1,
1,
1893
1921
1899
1939
1928
1910
1905
1931
1931
I S ’ 1, 1913
Apr. V
May 1, 1917
July 1, 1929
July 1 , 1937
July 1, 1926
Jan. 1, 1926
Jan. 1. 1922
Dot, 1, 192S
Oct, 1, 1924
Aug. 1, 1904
May,'94- 1906
Apr. 15, 1893
July 1, 1897
Jan. 1, l» lt >
F l o r i d a C e n tr a l Sc I» e n lt i.!i!« . - © w t > * Jackwumlllc toC tatt..
G a lv e s t o n H o u s t o n A H e n d e r s o n o f 1 8 8 2 .-O w n sfro m Oaltooctoc, 209
Taldiha-s.-.- to st. Marks, 21 miles; FerM adica to | veeton,Texas, to Houston, Texas, 50 miles. The rotul waasold In foreTttKtpa*24I tnllce: Aaldo to Cedar Keys. ,2 miles; (V ildwood to Or- ; closure December I, 1871, and again August 1, 1882. Control is
’ %
* Road to JacItsoovHle, 25 m ile*: Jacksonville j vested In the Mo.Kan. A Tex, Leased for 99 years to the International
V*5®
ttrond. 3 mile*; other, 4J mil*-..; total, bttb mtkw. Also bus ; A Great Northern and bonds guaranteed by that company. The lessee
*inr'- Jam 1,1«92. under •..T'-.-nu-nt, separately, the 1. i*t It I*-al-l pay* Interest and turns over to this company all surplus
fknrlda A Atlantic RR., Orlando to Oviedo, 10 mile*. Bee also below, j earnings over expe^te*. taxes, etc. Block. 81.000,009; par, *100 In
tlisro u r, LEssk-sEti:.—" in* Florid >R.i.bvar A N ivD- «Uon Company* ! 1*31 gross earning* wore #419,992, net, #63,621; taxes, #10,629
T
property waa ^
in fom -h*ure ln l - - - , nd reorganized by plan In [ G e o r g ia C a r o lin a A N o r lh c r n ^ O w u a r o a d In operation from
V. 46, p 239 Severn, extensions h a ir since been completed, . w l In ! Monroe, s , C. to Atlanta (tannin Park). On., 268 m iles: comnletod
September l, 189-, lr .w if lot 99 year* ’ lie South Bound R K , to Atlanta in April. 1892. The line la part o f the "S eab oard ”
-^tending ,rom Aavunnau, Os., to Columbia. 8. C . 13*1 B i l «
The --stein. and the bonds are guaranteed (by Indorsement on each
Kori*ta c « o t r » l t o * under construction and willoomjdete -j *< p vm i.-r, > bond; by the l e e r s , the Seaboard A Roanoke and Raleigh A Gaston
1883, a line from Hart » Rn.ol* to bavanu.di. 1 11 miles, to eonac-t the HR. Cos. They cannot t o redeemed before maturitv. The MerenngetsfflSj and aotU ttov dme the roads w ill be operated separately, f tile Brunt A Safe Deposit Company o f Baltimore is trustee o f tiia morte*s'. v . o » , p. 17 *. - lo. o03.
g a s *; »<•» abstract o f sauue in V. 49. n. 239. Stock authorised. #1,000 S tock .—Common stock j* #20,000,000, par #100; new preferred, 3 i
ootstaudlng and paid In, #337,120 (par $100), mostly owned by
.**■-> "
ier cent oumnlitive, #4,*>00,0(X>. In March, 1893. theold 1*1 preferred the. lessee*. L *m m and bill# payable, July 1, 1892, $465,009. From
*>r §1,582,000, w m b«lag
dollar for dollar for B««r coiwol, January 1 to tteeem berBl, 1802, crow* enrnlnfs were $292,597. aiminst
S« aad tit® 2d
for bow* |jr«fermJI A Hfe t pmr cent, mmMlmtire. 81 <6,010 in 1H-.1 K. P.
tc c -.
A t iim * . G x , President {? . 54 . p 88 9 .)
■Of ttr t o t p r w m d $8-56,000 had been vxehmughd priortio May 22, 1892.
G e o r g ia C o m p u n y .—'TUls company wa* formed In 1887 to control
Bond #.—Car irmtm T#» Jtmm 13, I B M , $177,098, d m to five year#. Inn Georgia Central Railroad A Banking ('ompany. o f whos« stock It
d
-tinder Wm mmmlldmiml monmm* fo r $7 30 0,0 00 ctruatee-. 5- Y. tims* ow n, >1.000,000, alt p!--.!.-— tn ‘.■eurn !fa truatEJOilil., I t , own stock
anty A lm lv.m n .ltj Co.) m fitm ent bond# w ere reserved to retire ttr^tf o f 81 J.OOOdXK) U all owned by Richmond A Wost point Terminal, which
preferred tto e k and the p rior 6#nd§ ml tUAturlfiy.
fo r f I v^iX>fOOO h.w <!ejH.«Ued It, together with $3,447,000 o f ooUotur.il tru-u Imadn, as
were m id in 1.893 to budl»i tae was annati eacteaatoa <V. 55* i>
„
ansi part Mrcurity for it. own eoHftteral trust o f 1869. In November ISO”
■fstrtiter m k h u i.S» are b eia jf inmimi to retire, first |>ref«'rr*.?*l etoek. In in.- Ri- lmi-md Terminal recelv.-r brought suit to net aside contract In’
J u lt , %892r ia te re *f at 5 per « i f w m fn a ra n te e d from O ctober 1. 1893, which Die rn cnrUle, o f till, company were pnrehised. 8eo V'. 55. p. 9 3 «.
-O $3,033,000' Ooacif o f th e Bomih Bound Eli. Co. See- So. fioaaa.
®
Interest defaulte-1 Jan., 1893, Sec notice CHkOklCtE March 18,1893. ’
G e o r g ia M id la n d A G u lf . —Owns from Columbus, Go,, to MeDonM
&
m
J illy I , 1B93, to A p ril 30, 1803 iti> um ntim ),
m # 7 8 ,2 0 9 < m m lm i $1 3 8 8 W 7 m \H9\ 92
ongb, 100 miles. Completed in September, 1887. Operates Columbus
fit year
J nee 3 0 , 1892, «roa* oarntojr# o u 800 m lim were $1,* Southern. Columbus to Albany, Ga., 88 mile.. Incomes, 6 per cent
^45,1*55; net* $7*51,^88;
into rent, $ 163,7 U ; ImEtnco, non-cumulattre, * 105,OiX). St-ek anthorteed, 82,000,000; outetand.
warplM, 8333,373. to year I koo-IH
on f>m mltea, $1,341,879; log, 81,245,000; par. 8100. Car truata, $53,900. In 1893 pttwtlcally
m t , 8330,165. (V, 55, p. 22, H 5 , 177, 315, 297, 995, 1034, 1035; V, ail t ho old 0* were exchanged for new 4s and Incomes. For extension’s
additional le t 4h may be issued at $15,000 per mile.
|N 403, 501.
lu year ending June 30, 1891, gross earnings were $212,222; net
F o n d a JTolanrinwo, 3c C ilo v e r a v t ile ,—Own# trorn Fonda, K. Y.,
o ver expanse, and taxes, 876,434; Interest, $89,460. (V . 60. p. 42,164.)
to lfn rtl wfQm-,29 m lim . T t t « «tor1c i# #3003>Um par, f 100, In KO reiio
>;
te&, 1892, ptircliaaed by N . Y. f*entral parties, ami extenaiona mild to
G e o r g ia P a e lt lc .—(See- M a p o f R ich m ond <t West P o in t T e rm in a l I—
be l*'TOj-eei©«i. V,. m*t p* $58, 1035. In' y ea r I89t*& 2 $r»)m mmraUigM, Atlanta, O a, to Greenville, Miss , 453 miles; Woodlawn to Bessemer
55, 'p.
$229,383;'
CV. 53, |». #11; V. i . 1 . 58
Ala., 19 miles; small branche*. 18 mllea; Deer Creek branch <thre«-feet
m m I
>
56, 10350
F « r t W a y «ie Sc S arkaoia.*— w im from
O
Mleb., to Fort gauge;, 22 mile*; other lines, 48 miles; total, 566 miles.
L kasr , Etc .—L eased to the Richmond A Danville fo r 20 years from
Wayae, tad*, 9$ mile*. On Augxmt 24, 1-482, leased perpetoally to
8bore A Mlcklifan Sontbern at a rental o f $126,027, eqmE to 5% January 1, 1889, (with privilege o f ren ew al); rental net earnings
per cent on lb « prefemsd Aloek (nee Y. 56, p. 8 l2h and after 1887 any the Richmond A Danville agreeing to make up any deficiency in thesa
■set emtttlmm Over S per c e n t o s preferred «f#clc to be paid aad ivt* to meet fixed charges, nu such advances, However, to be a preferred
4en*l* m i eotsm on #toek, bat not exeeedtoi- 2 per cent a year. In charge next ahead o f the Income bonds (see Y, 47, p, 744>,
y m s 18-02 g m m mrsd&gs, $234,852, a ^aisat $210,812 lo 1891,
In June, 1892, the Richmond A Danville and the Richmond Terminal
were placed to
W a r t W e r t Si 5c D e liv e r C ity .—-fifee M ap fm trm P a c ific D t n r t r d mortgage war - receivers' hands, Interest due Oct. 1,1892, on the 2d
* — - * — • *-■------ * ----- ......
~ from . Fort Worth, Texan, to Texas State line, 454
SBlifs®, ansi ojierate-s Fan H andle HE., 15 mile#. Th e Union Pan. lie o v e r were imiight I
s t o c k .—8W
A O tof m m * $7,788,000 o f tliis company'* $9,375,IMX» stoc-fe; par $ 100 . by Richmond »
ftte ab#tfacfeof B io flfa p , V. 45, p. 440
MoroastEo T ra it Co. o f
S e w t o i l . ) Tbo itock o f th e Pan Handle KB. f# owned, and its bonds Income 5s o f I
Ih-M-s.—The second consolidated mortgage (trustee. Central Trust
texcupi fT.OOO? are bold by tnwtee o f U. P. Den- <k Q u it cons, morte.
Ia year enTtosj Decernl>er 31, 1802, g ro ** ea m tog# w ere $1,750,285: Company o f New York) secures $*>,400,090 second mortgage bonds
and also, subject to these, #5,400,000 second mortgage non . umuiatl ve
act, $501,243;. »tb e r tocosite, $18,7-$0; dined eliarsres.'fo 18,8-43; balaiice,
ioeomes, *-btb l*%«e>i at 89,000 per mite. The equipment mortgage
t a r p lo i, $32380. 4a 1891 fro##, $2,814,720; net, #502,9-48.
bonds o f 188® and 1891 are payable by a sinking fund and are g n u F o r t W o r t h 6c f l l o € ir a m i e , - « I s op*!ratfon F*>rt W orth, T e t . , to aiitrcd as to principal and Interest by --ndorsetm-nt on bonds ?n- RiehB m w a w ood, almnt 148 m ile * ; com pleted la Awcust. 1891. Th e line raond A Danville. In addition to ttor.ds as above there were “ unissued"
fa fwrtber projected to iron fields In, Llano County., dee V. 52, p, s i , January 1, 1*93. consol,
ml 5*. #386,00(1; consol, income 5*
842. MoTtoaife trn #te« i# C entral Tru#t Com pany, >f«w York. Stock #137,430; equipment 8*. #253,000; equipment 6«. #490,000. There Is
aathorlzeiL $3 f50o,000; on t»ton d in ^, $2.9*233k w >; par, flT O ,
a considerable sum due the Rich, A Danv, As to default, See above
B ajksiwo #.—Frotia- j a i t s a f f 1 to Msireb 31, 1893 13 month#!, gram ,
K I avisos.—in year ending June 30, 1601, gross wore *1.889,315;
#79,053, aspiiait $89,011 in 1802,; net, $ i » rt 44, again*! $9,210, In operating expenses, $1,902,132: defloit, #12,816; eluirges, #867,380;
_
_
.
^
.................. | S j____
1892 g m m
Rules;
f
1X92 aro##
$330,075; r
oet, ¥ 121
In 1891 ffTOas, I im provem ents and iM-ttennent. $428,992; ex tra ord in a ry exnem Uturoa
( v . o l , p, o 8 9, o-?0 ; v , o2, p. 81, 3 o l, 942.) j fo r repairs chargeable to previou s yearn, $202,141; total d e fie ii $1,i f m rrlm bursc 6c S a n ,%n t P i i l o . * ^ .Map o f HouiHrm j 509,531, In 1888-89 g m m , 81,330,898; net, $147,244. (V . 53, p/8’80p
i n e t f l r , i—O wns fr**rn ILMi-*tou, T e x ., fo ,8au \ntonio, Tejt*. 217 m ile#; V. 36, p. 531 009s
Extension., 2$ m iles; branch, 8 twite#; lease# 12 m ile#; total.
c ;« o r g ln
lts itlr o »< l 6c I f a n k l n g ( o H i p a n j , - *0 wjm from
S o » m ile*. W >*tem Extension, 8an A n to n io to K io Grande R iv er, 630
On.., to Atlanta, Oft., 171 tnUos; l»rancln»« to Waslilngton
a d S » ; Easrlc Pmm B r a n d i. 35 m lk1
*. Q ttm d bsM lt 937 mlbm.
wx4 AtlicDH, 58 roites; Macon 4c Aiiifiistn SR, (proprietary road), Onmaek
O n o m m k M fm r m o C K , B r e .— ^iperrjted J »y t b « S on tbem Pacific Cooi- OtL, to M m*m't Oa., 74 ml km; trw k m m , 4 miles; total, 307 inflea,
pmrf, whir,how
‘*80,
O w n* also one-half the otoefe o f the WeBtern R a ilw a y
F m t m o r tir w
*JV» mfk'8 .»f r-»nd and 1 ,*170/331 m m * - of Alabama (the C
■
'.-entrai R a ilroa d o f G eo rgia own in# the other h a lf),
o f land %iU m l at about ^ i t lb7,fi00 It Im«ia *(cildfik fond of 3 p#*rcr*j*t, and ha* a onc-ilftk in tote-d in the F ort R o ya l A Augnkta. and a thirty-
n* all kid f
15 of it* f 27,4^43,012 ^tock fpstr. f 100),; OlKtAaiiZJfcTio^,—Owns al
toil, It optioTia! wftli hontUuddcri to .nnm;rider IIikLr
fiivs-mm . <o.d i»ffo t
o« -i.ro field
Mgreeciiiot to ©olicci Interest after Jaiy i, b,
If drawn. ! five one-hbmlredMi.s
tfee Atlanta
Point <wltleli
tm- ^rrttttertru ‘ la April, iH^Ttlie railroad I807 miles) and tt» Interont In the oilier
B
oomnitlv — • ............. '• -* 1-- *--------* -*
bond*
In term l In
-k VfeM
nmh
*
hj
Faeinc. Company and *y iorhT» iinklcrwof Hour hf-ni ibielficfU’cicfltleH, who railroad com pantos wore leased for 09 yearn to W. M. Win lev and
hmr®
189
•4
INVESTORS’ SUPPLEMENT.
[ V od . L V l
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b ic * ,
R A IL K O A D S .
on first page o f table*.
Bonds—P r in o l
IN T E R E S T O R D IV ID E N D S .
Miles D ate Size, o r
pal, W ie n D o e
A m ou nt
Par
of
of
O utstanding R a te per W hen W here P a y a b le, and b y Sr.oe.kH--Last
Cent. Pa y a b le
Read. Bonds Value.
Whom.
D ividend.
Georgia R S —(C o n clu d ed .)—
Bonds not m o rtg a g e........................
Georgia DoutAern it F lo rid a .—Stock.
1st m ortgage ($12,000 p. m .), gold.
Gettysburg 1 H a rris b u rg — ................
1
1st m o rtg a g e.....................................
Brand Rapids it In d ia n a —Stock........................... 0*
1st M ., land grant, g., s. f. (guar, b y Pa . R R .). .o'
ls t M . ,g ., ($373,000 land gran t s. f. n o td ra w n l.o '
1st m ort., extended, gold, guar, b y Pa. R R .......o'
2nd m ortgage, redeem , a t 105 till A ug. 1,1894.0'
1882
1887
285
35
1887
15
1891
1892
335
335
335
367
367
37
I8 6 0
1869
1891
1884
1884
1886
Musk. G. R. A Ind. R R . ls t M ., g o ld .tra f. guar.o'
Or. Tomer rf Caps G irardeau—Bik. $500,000 auth..
1st m ortga ge............................................................
29
Grand Tourer d Carbondale—Stock...........................
Great JforfAem —Stock, pref. (no com. stook Issued)
C o lla t Tr. m ort., red. at 100 a fte r Sept.,'93,gold.o
St. P a u l Minn. A M a n .—Stook (rental 6 p. o. in gold)
St. P . Min. A M a n . ls tM .l.g r ., s.f.,g., d r 'n a t 105.c" 620
2d m ortgage, gold (does not co ver lands)...... o*
620
D akota E xtension le t M. ($12,000 p.m.J.gold.c*
Cons, m o r t , 1 gr. ($13,344,000 a re 6 s ), g o ld .c * * r 2,467
.
M ontana Extern ls t M . ($25,000p. m .),gold.e*Ar 411
Pacillo E xtension M. fo r 1)6,000,000, gold. o*Ar 802
Mlnneap. U n .R R .ls tM .,g .,g u .($650,000are 5s).c*
E ast o f Minn. ls t M . ($50,000 p. m .), g.,gu . c'& r
70
M ontana Cen. l e t M .,g .($6,000,000 are 6 s)g u .c *r 261
W illm ar A- Sioux F alls— lstM .,g.,gu .p.& i,(end)c*Ar 147
1889
1892
__
1879
1879
1880
1883
1887
1890
1882
1888
1887
1888
$1,000
1,000
100
1,000
50
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
100
1,000
100
100 &c.
1,000
1,000
1,000
1,000&C
£100 &c
$1,000
l.OOO&c
l,000<fcc
1,000
$300,000
200,000
4,275,000
3,420,000
600,000
56,000
300,000
4,986,081
2,728,000
1,308,000
1,339,000
2,975,000
3,745,000
750.000
350.000
350,000
50,000
20,000,000
15,000,000
20,000,000
2,769,100
8,000,000
5,676,000
29,732,000
7,616,000
£3,000,000
$2,800,000
4,700,000
8,000,000
2,620,000
6
5
J. A J. N .Y .,A m . E x .B k .& A u g . Jan. 1, 1922
J. A J.
do
do
Jan. 1, 1922
6 g- J. A J. Jan. ’ 92 coup, la st paid
J u ly 1, 1927
A . & O.
5
Ph ilad elph ia
1926
5 8- J. A D. N .Y .,G r'd Cent-Btation. Juno 1, 1942
7 g.
7 K.
41
sg.
6
5
5 g.
J.
A.
J.
M.
M.
J.
A
A
A
A
&
A
J. N . Y ., W inslow , L . A Co.
0.
do
do
J.
do
do
N.
do
do
8. M a r.’ 92, ooup. la st paid
J. N . Y ., W inslow , L . Co.
J. A D.
5 p e r an.
4 g6 p e r an.
7 g6 g.
6 K.
4* jj & 6g.
4 g.
4 g.
5 A6g.
5 g.
5 A 6 g.
5 g.
Q.—F.
M. A S.
Q.-rF.
J. A J.
A . A O.
M. A N.
J. A J.
J. A D.
J. A J.
J. A J.
A . A O.
J. A J.
J. A D.
O ot
O ot
J u ly
N ov.
Sept
J u ly
1,
1,
1,
1,
1,
1,
1899
1899
1941
1899
1924,
1926
Jan. 1, 1918
N . Y . Office, 40 W a ll St.
do
do
do
do
N e w Y o r k and London.
do
do
N e w Y o rk , 40 W aB S t
do
do
do
do
N. Y . & L o n ., B arin g B ros
N e w Y o rk , 40 W a ll S t
N .Y .4 0 W a ll; B os..Lee.H
N e w Y o rk , 40 W a ll 6 t
do
do
M ay
Sept.
M ay
J u ly
Oot.
N ov.
J u ly
June
J u ly
J u ly
A p r.
J u ly
Juno
1,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1893
1903
1893
1909
1909
1910
1933
1937
1940
1922
1908
1987
1936
c o m p a n y b R e p o s t .—I n yea r ending M arch 31, 1893, rental, etc.,
G r e a t N o r t h e r n . —(See M a p .)—O perates under lease the St. P a u l
w as $600,150; dividend (No. 7) fro m bank, $50,000; total, $650,150; M inneapolis & M anitoba R a ilroa d, op era tin g 2,872 m iles o f rood. A ls o
interest, $148,000; dividends paid (11 p e r o e n t), $462,000; balanoe. ow ns the en tire stook o f th e fo llo w in g lines, bu t keeps th e ir earnings
$40,150; taxes, etc., $75,106; deficit, $34,957. N e t earnings o f bank fo r separate, th eir inoom e ap p earin g in th e G re a t N o rth ern inoorae account
y e a r 1891-92 w ere $65,380, and tota l bank surplus M arch 3 1 ,1 8 9 3 , on ly as reven u e from stocks and bonds ow n ed o r as oth er receip ts :
w as $203,067.
T h e W illm a r & Siou x F alls, W illm ar, Minn., to Siou x F alla, Dak., 147
E a k m k o s o f R a il r o a d s .—From Ju ly 1, 1892, to Mar. 31, 1893 (9 miles; the Duluth W a tertow n & P a cific, W a te rtow n , Dak., to H u ron,
m onths), gross earnings o f the railroads w ere $1,216,560, against Dak., 70 miles; the M inneapolis Union, 2*5 m iles; the E astern o f M inne
$lj275,806 in 1891-92; net, $380,367, against $283,996.
I n y ea r sota, 72 miles; the M ontana Central, G rea t Falls, Mon., to B u tte, Mon.,
1891-92 gross earnings $1,585,508; net, $313,642; tota l, n ot in clu d in g 253 miles, in cluding branohes; tota l, 545 miles. T o ta l o p erated J u ly 1,
totereet and dividends received, $375,326. In 1890-91 gross, $1,891,- 1892, 3,417 m iles, against 4,254 m iles in January, 1893.
E xten sion to P a c ific Coast w as com p leted ea rly in 1893. C om pany
692; net, $658,475; other incom e. $60,619. D eficit to lessees on lease
w a a in 1888-89, $21,066; in 1889-90, $33,959. P r o fit in 1890-91 w as also ow ns the S eattle & M ontana, F a ir H a v e n & Southern and N e w
i l l S ’SZ?’ D eflolt >u 1891-92, $249,390. D u e lessees June 3 0 ,1 890 , W estm in ster South. R R s., ex te n d in g fro m Seattle, Wash., to 8. Westm inster. 144 m iles, and p rojected to P o rtla n d . O re.
$600,976. (V . 53, p. 2 8 9 ; V. 55, p. 461.)
H is t o r y , Sto c k , L eases , E tc .—This corp oration in Feb ru ary, 1890
G e o r g ia S o u th e r n
Sc F l o r i d a . —O w ns from
M acon, Ga., leased the St. P a u l M inneapolis < M a n itoba fo r 999 years, assum ing its
fe
to F alatka, Fla., 285 m iles, and operates the M acon & B irm ingham
funded debt and gu aran teeing 6 p e r cent p e r annum in gold on its $20,(w hioh Bee),95 miles. Com pleted in January, 1890. In 1891 Mr. W illis 000,000 stock. Th e G rea t N orth ern ’s authorized ca p ita l w as $40,000,000,
B. Sparks, was appointed receiver. Th e Jan., 1892, coupons w e re paid
™ “ » y 1892, and the Ju ly coupon w en t to dciault. (See V. 52, p. o f which $20,000,000 is p referred 6 p e r cent non-oum ulative, and this
on ly is a t present outstanding. T h e M a n itoba stockholders w ere offered
7 9 6 ; V . 53, p. 95.) In October, 1892, foreclosure proceedings insti- the p riv ile g e o f tak in g it a t 50, th e rem aining 50 per cent being p a id by
^ • 5o, p. 503, 679. A bondholders’ com m ittee has been ap a tra n sfer to th e G reat N orth ern o f a ll th e securities ow n ed b y the M an
pointed (see V. 55, p. 722, 856), and a m a jo rity o f the bonds has been
deposited w ith the trustee o f m ortgage, the M ercantile Tru st A D eposit itoba Com pany, am ounting to o v e r $22,000,000. Th e securities acquired
b y the G reat N orth ern h ave been placed in tru st to secure the u n ity o f
O m o f B altim ore (V . 55. p. 938.) Stock is $4,275,000; par, $100.
the system. (See V. 49, p. 4 3 5 ; V . 50, p. 205.) N o increase o f th e pre
V 18 §2 , to Mar. 31 ,1 893 (9 m onths), gross earnings w ere
ferred stock can b e m ade w ithout the consent o f th e holders o f three$624,183, against $590,655 in 1891 92; net, $156,213, against $206,279. fourth r the p referred stock outstanding.
n s J iy iS y v n t en ding June 30,1 892 , gross earnings w ere $768,447; net,
Stockholders o f M ay 1 5 ,1 893 , w e re offered th e p r iv ile g e o f subscrib
$243,661. In the y ea r 1890-91, $773,863; net, $240,501; surplus
in g a t p a r fo r $5,000,000 n e w pref. stock, p a y m en t to be m ade in fiv e
above charges, $ 5 8 ,1 2 9 .-(V . 55, p. 5 0 3 ,6 7 9 ,7 2 2 ,8 5 6 ; V. 55, p. 938.)
equ al instalm ents a t d ifferen t dates fro m June 1st to O ct. 2d, 1893.
Proceeds w ill be applied to a d d ition a l equipm ent, term in a l*, eto. W hen
—
U* e “ r
G s w e a r a t c h le .—Owns from G ou vem eu r to Ed\N ‘ Y V
“ !le® Stook. $350,000. Bonds guaranteed, prin cipal issued i t w ill m ak e the G rea t N orth ern ’ s to ta l p re le rre d $25,000,000.
See V. 56, p. 753.
and interest, b y N . Y . C entral. Bee V. 55, p. 810 and V. 56, p. 501.
A n a greem ent w ith P h il a. & R e a d in g fo r consolid ating the m anage
* I n d i a n a . —(See M ap o f Penn sylvan ia R R .)— m ent or lake transportation com panies w as m ade in Augu st, 1892. See
u ^ , „ ^ ! ! k Foll V' a}’nu’ I “ d >
M ackinaw C ity, 367 m iles ; Manistoe V . 55, p. 332.
Branch, 25, other branohes, 4 4 m iles; total ow ned, 436 m iles ; leases,
L ands.—St. P . Min. & Man. land g ra n t w as 3,848,000 acres. Land
o?Jnn^ tl Richm ond A F o r t W ayne R R ., 86 m ile s ; Tro- sales are applied to the redem ption o f 1st m ort. bonds at or under 105.
Z !u 2 L ^ t?i.R R ',’ 26 l mU? L M UHk« g « u Grand Rapids A In dia n a R R .,3 7
Sales fo r y e a r ending June 30, 1892, w ere 124,584 acres, fo r $1,022,m iles—149 m ile s ; tota l, 585 miles. Second tra ck 3 miles.
768, and 283 to w n lots, fo r $14,989. T h e n et am ount due on land con
^Company form ed in 1854. I t is op erated in tracts June 30,1892, w as $1,372,676; lands unsold, 1,512,217 acres, o f
to e interest o f the Pennsylvan ia R ailroad Com pany, w hioh holds the w h ich 118,000 acres in dispute w ith St. P. & N orth ern Paoitio, and
r ig h t to v o te a m ajority o f the stock u n til Ju ly 1,1941.
543,602 acres in process o f adjustm ent w ith G overnm ent.
M in neapolis & St. Cloud g ra n t w as 476,864 acres; unsold J u l y l ,
R” * 1 1
* '—
the orig in a l $5,375,000 1st m ortga ge 7s $3,934,000 w ere
1892, 419,000; sales in 1891-92. 3,173 acres, fo r $16,082.
RR- and ^>4,439,000 w ere land gran t bonds.
, 8?3 >
,tlle com pany agreed to ex ten d its 7 per cent first
Dividends , & c.—D ivid en d s on G rea t N orth ern preferred s to o k : In
at 4 ^ per cent till Ju ly 1 ,1 94 1, w ith a bonus o f $100 per N ovem ber, 1890, 1 p e r cent; in 1891, 4%; in 1892, 5 p e r ce n t; in 1893,
k u i - 'v i t . ,
11 ^ 8 are endorse!! w ith the gu aran ty o f tlie Penn. Feb., 1*4; M ay, 1*4 p. c.
4
m ituritv^)rP nmU^ a tH ?C?,up0 i 8 a8A they™ a tllre , and the bond its e lf at
f
D ividends on M anitoba stock h a ve been 6 per cen t y e a rly since 1880*
' 1 not paid b y the Grand Rapids com pany. Th e extended
P rice of P referred Stock .—In 1890,
: in 1891, 72 ® 1 2 4 ^ ;
b°n,?,fnUai e nf U£H,on the land grant, bee gu a ran ty V. 56, p. 649.
V
in 1892, 119-2)144; in 1893 to M ay 19, inclusive, 1 2 0 ® 1 4 2 ^ .
ira3o D
-A inByl|' aU ? R R - ^“ P e c . 81, 1892, ow ned the $2 ,975,0 0 0 2d m ort
B onds.— 1892 the G reat N orth ern issued its colla tera l to'ust bonds
-In
gage bouds and $456,710 coupons.
’
2?
M uskegon <t G rand Rapids it is p rovid ed shall equal fo r $15,000,000, secured by deposit w ith th e tr u s te e o f <£3,000,000 P a cific
1892 Muskegon road had p rofit o v er all E x ten sion 4s o f th e St. P a u l Minn. & M anitoba R y. Co. A n y o r a ll o f
olm rere o f $1,147, against $18,456 in 1891. A s to gu a ran ty o f in terest these bonds are subject to ca ll fo r redem ption a t pa r and in terest at
on Cin. Rich. A F o r t w ayne and T ra ve rs e C ity. See those companies. any tim e a fte r Sept. 1,18 93, upon three m onths’ notice. Y . 54, p. 525.
Th e St. Pau l Min. & Man. consol, m ort. o f 1883 is fo r $50,000,000, o f
A r«rn!,^!iS„RLAA
N’~ D e fa u lt w “,8 made Sept- 1.1892, on coupons o f gen
w hich $19,426,000 w ere reserved to p a y p rio r liens. Th e m ortg a g e on
renrt^l?Pi?,.£L5 .I>er
ut* ' and, iu March, 1893, the com pany offered to M ontana E xtension is fo r $25,000,000 fo r extensions, $15,000 per m ile
fu nd the in terest on these bonds from March 1,1892, to M arch 1 1900 being a llow ed fo r second track. C ertain bonds secured b y this m ort
imriil\c.r ,p ' UpU? wU1®h , Per cent in terest shall be paid sem i-annually gage, a dditional to am ount in tab le, are deposited as p a rt secu rity fo r
4
li l 'u fi h' 1 j", i,a'd iu lu ll. Th is plan w ill reduce tbe annual cur P a c ific exten sion b nds. A b stract V. 45, p. 342.
'
ren t liabilities t ill 1900 to $681,261. Bee plan V. 56, p. 413,
P a c ific extension m ortga ge fo r £6,000,000 (trustee o f m ortga ge Cen
b . ^ OA™ ,S A DKIiT’ K,7 ? ,'~ P U D ec- 31' 1892- car trusts w ere $316,087; tra l Tru st Com pany o f N e w Y ork ), provides fo r bonds at £6,000 per
bula p a j able, secured by o per oeuts as collateral, $300,000 ; 7 p e r cent m ile in M ontana and £7,000 per m ile w est o f M on tan a; £3,000,Ck)0
P e u ^ R U$ i ^ m m 'y P mu- R R ”
Si?
« P er cem coupons h e l^ b y o f this issue are pledged to secure th e G reat N orth ern ’s co llatera l
K ’ *’l b 2 ’V<K,: 5 per e e lit coupons unpaid, $93,375; bonds and tru st bonds. See abstract o f m ortga ge, V. 52, p. 82.
m ortgages on rea l estate, $254,186.
’
’
M in n ea p olis U n io n bonds co v e r the passenger term inals a t M in n e
in
haa a 1(111(1 grant and in 1892 sold 21,652 acres apolis, thecluding U nion depot and double-track stone arch b rid ge
across
M ississippi.
8 2-i7 ^ , aU7 l. u d , 1 ';i,1 4 acroa “ f 1 1 ‘ e land, fo r tb e a gg reg a te p r i ^ ^ f
a
>J
E astern K a il way o f M innesota runs fro m H in c k ley northw ard 70
a c r i ^ ^ ssetsU l 080% “a rn’ifo 0U ’, au; -1’ etc., and $809,926 oash.
em *
l 893’ w ore about 286,239 m iles, to a poin t near D u lu th ; th e m ortga ge covers equipm ent, ter
acres. A
$1,030,3/3 bills receivable,
m inals and elevators. M on ta n a C en tra l bonds co v e r several roads.
IU lRRINGS.—J arl■ 1 to M arch 31, 1893 (3 m os.l. moss whole svstem
(See adv. Chron. Deo. 12, 1891.) T h e M anitoba guarantees both these
$703,833, against $746,035 In 1892; net, $121,296, against $200,907™’ issues, and the G rea t N orth ern assumes the guaranty.
A ic n u a l R e t o r t .—R e p o r t fo r 1892 w as in V. 56, p. 666 show ing
T h e W illm a r < M o u x F a lls bonds are endorsed w ith jo in t and several
£
*J®lo w ! rbfiteis and misoellaueous in 1892 included $139,470 gu aran ty o f the M anitoba and G reat N orth ei n com panies. Further
o ca r trusts, betterm ents, etc., and $24,400 fo r exten din g bonds
issues o f these m a y be m ade a t $17,500 p e r m ile fo r a dditional road.
V. 56, p. 247.
r Tear ew l'y Dee. 31.
1889.
1890.
1891.
1892
L atest E arnings .—F rom J u ly 1,18 92, to A p r. 30 ,1 893 (10 m onths)
M iles op erated...........
408
428
432
438
Gross In co m e............ $2,201,166 $2,602,415 $2,400,414 $2T516 640 the estim ated gross o f tbe 8t. P a u l M inneapolis & M anitoba w e re
$11,795,962, against $11,252,851 iu 1891-92, and fo r the en tire G rea t
N e t o v e r e x p ’s A taxes
766,714
859,382
694,788
732,654 N orth ern system $13,936,809, against $13,324,199 in 1891-92.
In threat on bonds, eto.
737,425
739,700
751,929
724,850
A nnua l R eport.—F iscal y e a r ends J une 30. A n n u al m eetin g is held
In t. on flouting d ebt..
54,553
58,630
52,186
46,997 a t 6t. P a u l on the second Thursday in Septem ber. Tn e annual rep ort
Ken tala and rniscel...
3,168
30,760
208,431
203,972 fo r 1891-92 w as published in the Chronicle , V. 55, p. 975, 1013,1037*
T h e fo llo w in g tables shows (1) earnings o f the lines leased Horn 8t.
Balan0® ................... def.$2g,433 sur.$30,292 df.$317,758df.$243 165
Paul M inneapolis & M anitoba Co., (2) the G t. N orth ern income account*.
- ( V . 54, p. 276, 8 8 6 ; V. 55, p, 37 3; V. 56, p, 413, 649, 666.)
(3) the earnings o f the E astern o f M innesota, M ontana C entral, eto.
MAP OF THE
GREAT NORTHERN
RAILWAY SYSTEM.
hytton
VANO
StNDl
;t ° r i
,ConcormUy
RAILWAY
GREAT
:a t r*(,u
GREAT
Uufteid 'J.V.
I Jdostcow "Ay
itu&
lu!
>**»»*<&*]
^Willow? rwndtekm.
Hpppimr
U-rtw»«oi
Kutv~i‘rim
Baker City'
SboRho\ie Jc.
K\ } *W'oi'V
b
Em m
Oolttfnl
SiM
OUi
o
Teeoma
frinnciBUOM
**U
Nft«S«
\ t. i- ■
> - \ 3 iy Z
^F^ItUlWlMW
©
Undfit* City ;
X.pbl,
i,
.
<
^
ut'
It,
\
* » " ‘j > * A s | L c n t >S\
HMpm
6G
INVESTORS’ SUPPLEMENT.
LV o l . L \ l .
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
Bond*—P r in c i
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
pal, W hen Due.
Miles D ate Size, or
A m ou nt
Par
ol
ol
F or explanation o f column headings, &e., see notes
O utstanding R a te per When W here Pa yab le, and by Stock* —Last
Cent.
D ividend.
Pa y a b le
Whom.
Road. Bonds Value.
on tirst pa ge o f tables.
Qreen Bay Winoyia < St. P a u l—Common stook........
£
Consolidated m ortgage, g o ld ...............................o
2d m ortgage, Income, non-oum ulative................ c
$100
100
221
1892 500 &o.
1,000
221
1892
100
62
1891
in
22
1,000
1891
292 1881
1,000
N & H ART.
54
50
54 1853 500 &c.
100
104 1883
1,000
G u lf West. t( Texas— le t M. ($20,000, p. ill.) g o ld ---H ancock i£ Calu/net—Consol. M .,golu , red. a t 105..
B a n n ib a l < St. Joseph—Consol, m o rtg a g e.............o*
£
H arlem R ive r A Portchester—See N. Y. N e w H ave
Hurrxso. Portsm 'lh Ml. Joy < Lane.—Stook,7p. o.gu.
6
1st m ortgage (e x t’d in 1883), int. guar. Pa. R R ..r
Hart/or'd < Connecticut Western—Stock...................
£
1st m o rtg a g e............................................................
H ereford — See MAtNE Ce n tr a l .
H ousalonic— See N ew Y o r k N e w H aven & H ar tf ORD.
H ouston Central Arkansas <t N o rth e rn —1st m o rt..
....
Houst. Bast It West Texas—1st M.($7,000 p.m .),gold.
Houstdt T e x .d e n t.R R — 1st Al.l.gr.,g.,red. at 110.c*&r
Consol. M.,land gr.,g old , int.guar. by So. Pac.c*&r
Gen. m ort..gold , Interest guar, by So. P a c— c '.tr
D ebent., p. and i. guar, by So. Pac. See te x t .c 'A r
D ebent., p. and i. guar, b y So. Pac. See te x t.o *J r
Hud. Sus. B rid ge J N .E . Ry.—lstM.$10,000,000.0*&r
192
192
453
453
453
__
__
1889
1890
1878
1883
1890
1890
1890
1890
1890
1888
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
(1 .) OPERATIONS ST. PA U L M INNEAPOLIS & MANITOBA.
Fear end. June 30. 1889.
Passenger ea rn g’ s. $1,869,865
F reig h t earnings .. 6,075,637
M ail, exp., r’ nts, &o. 641,064
1890.
$1,774,568
6,915,167
684,265
1891.
$1,876,960
7,628,011
776,743
1892.
$2,028,949
9,720,486
854,693
T o t. gross eam s.$8,586,566
M alnt. o f w a y , & c ..$1,133,372
M aint. o f o a r s ........
424,426
M o tiv e p o w e r ........ 1,530,231
T ra n sp orta tion ...... 1,197,413
G en era l...................
466,033
T a x e s ......................
248,591
$9,374,000 $10,281,714 $12,604,128
$776,506 $1,243,001 $2,243,543
487,517
513,670
611,895
1,478,640
1,628,645
2,230,530
1,242,490
1,302.052
1,541,454
531,620
476.587
505,876
274,351
299,651
367,551
$8,000,000
2,000,000
2,500,000
3.781.000
400,000
2.220.000
330,000
8,000,000
5 g4
<
»>
5 g5 g.
6
F.
F.
,T.
J.
J.
M.
&
&
<
fc
&
&
&
A. N .Y ., Farm . L .& Tr. Co. Feb.
A.
A ug.
N . Y ., w hen earned.
D.
Deo.
D. N . Y „ M ills Building.
J. N . Y ., Th ird N at. Bank. Jan.
8. N .Y .,B k .o f N o. A m erica. Mob.
1, 1911
1, 1906
(1 )
1, 194,1
1, 1931
1, 1911
1,182,550 7 p e r an. j . & j . Phila., Com pany’s Office
700,000
4
do
do
j. & j.
2,635,700 2 p e r an. F. < A. N . Y „ Cent. N .E . & West.
fc
608,000
5
J. & J.
H a rtford .
Jan.
Ju ly
Feb.
Ju ly
1,078,000
917,800
1,344,000
750,000
7,545,000
3,563,000
4,302,000
705,000
411,000
(i)
J u ly 1, 1920
1898
Jan. 1, 1913
J u ly 1, 1937
Oot. 1, 1912.
A pr. 1, 1921
Oot. 1, 1897
Oot. 1, 1897
Feb. 1, 1 9 3 6
5
5
7
6
5
6
4
6
4
5
J.
J.
M.
J.
g. j .
g. A .
g. A.
A.
A.
g. F.
g.
&
&
&
&
*
&
&
&
&
&
D.
J.
N. L a st coup, paid M a y ,’ 86
J.
j . N .Y ., Office M ills B u ild g
O.
do
do
O.
do
do
O.
do
do
0.
do
do
A.
In default.
10 ,1 8 9 3
1, 1913
28, 1893
1, 1903
and 1882, 7 ; in 1883,3 ; in 1887, 7 ; in 1888, n i l ; in 1 8 8 9 ,5 ; in 1890
nearly 2 p e r ce n t; In 1891 6'82 per cent.
I ncome a c c o u n tshave shown as fo llo w s : Surplus o v e r ch arges: In 1891, $409,780; in
1890, $102,071; in 1889, $276,732. (V . 53, p. 325; V . 54, p. 889.)
H a r r i s b u r g P o r t s m o u t h M o u n t J o y Sc L a n c a s t e r . —Owns
from D ille r v ille , Pa., to H arrisbu rg, P a ., 36 m ile s ; branch, M iddletow n,
Pa., to Columbia, Pa., 18 m iles; to ta l operated, 54 miles. Leased to the
Pen n sylvan ia R R . Co. fo r 999 yea rs from January 1, 1861, the ren ta l
being 7 per oent on th e stock and interest on the bonds, taxes and e x
penses o f organ ization. Stock, $1,182,550; pa r $50. Form s p a rt o f
m ain lin e o f P e n n s ylv a n ia R R .
H a r t f o r d Sc C o n n e c t i c u t W e s t e r n . —O wns fro m H a rtfo rd ,
Conn., to R liin ecliff, N . Y ., 109 m iles. A n exten sion fro m T a riffv ille ,
Conn., to Sprin gfield, Mass., is proposed. R e o rg a u ize d in 1881 a n d ln l8 8 8
T o ta l expenses. $5,000,066 $4,791,124 $5,463,606 $7,500,849
a co n trollin g in terest in the stock was purchased by parties interested in
N e t e a rn in g s..........$3,586,499
$4,582,876
$4,818,108 $5,103,279 the Poughkeepsie B ridge. L ea sed t ill Augu st, 1939, to the C entral
P .o .o l exp. to earns.
58'23
51T1
53T4
59'51 N e w E n gland & W estern, n ow m erged In the Ph ilad elph ia R e a d in g
& N e w E n gland , the ren ta l p a y in g charges and 2 per cent per an
(2 ) GREAT NORTHERN RAILRO AD INCOME ACCOUNT.
num on the stock. Th ere are $84,300 Conn. W estern R R . 7 per cent
T e a r end ing Ju ne 30.
1891.
1892.
bonds, due 1900, co n vertib le into stock at 60 per cent. O f the stook
N e t earnings o l St. Pau l M in n .& M a n ito b a ... $4,818,108
$5,103,279 $1,390,000 is ow n ed b y the lessee and p le d g ed under Its m ortgage.
In teres t on bonds o w n e d .................................
285,704
340,187
H o u s a t o n l c . - S e e N ew Y ork N e w H aven & H artford .
D ividends on stooks o w n e d .............................
21,036
18,036
R en tals o l leased lin es......................................
185,705
178,256
H o u s t o n H a s t Sc W e s t T e x a s . — (N a rro w gau ge, 3 fe e t.)—O w ned
In terest and ex ch a n ge......................................
118,586
249,763 from H ouston, T exa s, to Sabine R iv e r a t L oga n sp ort, 192 miles. Lands
B ills rec eiva b le..................................................
198,480
135,630 73,800 acres. In J u ly, 1885, reo e iv e r w as appointed; rec eive rs are
O ther in c o m e .....................................................
114,424
17,547 n ow H a r v e y W. D o w n e y and Jam es A p p le b y . Foreclosu re sale took
{ dace A u g. 2 ,1 8 9 2 , both m ortg a g es bein g ^foreclosed. Sale confirm ed
T o ta l r e c e ip ts .................................................$5,742,043
$6,042,698
n N ovem ber, 1892, and in M a y , 1893, the purchaser com plied w ith
Paid ren ta l o f St. P a u l Minn. & Man. B K ___ 4,084,672
5,099,224 term s o f sale. N e w com p an y has been form ed and n e w securities w ill
D ivid en d s........................................................... (3M )650,000 (5)1,000,000 soon be issued. (V . 56, p. 835.)
M iscellaneou s......................................................
18,750
........
R eorganization .—T h e old firsts, p rin cip a l and aoorued Interest, are
ex ch
e
e fo r
ew first m
fo
r
T o ta l disbursem ents...................................... $4,753,422
$3,099,224 fives a n gea ble a ta fa cile va luthe 192n m iles, m ak ortga ge ta lrty -y eao f gold
at $20,000
m
on
in g a t o
issue
$3,S u rp lu s................................................................. $988,621
$943,474 840,000. A b o u t $2,000,000 w ill be used to se ttle th e p rin cip a l and in
teres t on the old firsts and $300,000 fo r p rio r ju d gm en ts. T h e rem ain
(3) EASTERN MINNESOTA, MONTANA CENTRAL, ETC.
T ear end. Ju ne 30,1
’ 92. Gross.
Net.
Fixed charges.
Balance. der o f the issue w ill be reserved to standard-gauge the road. N e w se
Eastern M in n e s o ta ...$1,278,970
$780,388
$312,952
$467,436 cu rities w ill p rob ab ly b e issued in 1893. V . 55, p. 856. In y e a r 1891M ontana C en tral....... 1,205,809
526,900
443,100
83,800 92 gross earnings w ere $422,933 ; net, $77,637. In 1890 91, gross,
M inneapolis U n io n ...
294,084
235,718
159,000
76,718 $454,514; net, $112,024; taxes, $12,493; perm a n en t Im provem en ts,
W illm ar 4 Sioux F alls
490,245
266,608
157,500
109,108 $40,104. (V. 54, p. 597; V . 55, p. 215, 856; V. 56, p. 835.)
H o u s t o n Sc T e x a s C e n t r a l . —(See Y a p o f Southern P a c ific )—OwnsThe net earnings here include " o t h e r incom e,” w h ich fo r E a stern
Minn., w as $155,524; fo r M ont. Cent., $3,556; fo r M inn. U nion, $1,850. from H ouston, T exa s, to Denison, T exa s, 338 m iles ; branches—
H em pstead, T exa s, to A ustin, T exa s, 115 m ile s ; to ta l ow ned, 453 miles.
— (V. 53, p. 95, 1 2 6 ,1 5 6 ,3 6 8 ,4 0 7 , 474,777 , 7 9 2 , 7 9 7 , 8 8 0 ; V . 54,
p. 525, 683; V. 55, p. 59, 332, 9 7 5 , 9 9 5 ,1 0 1 3 , 1 0 3 7 ; V . 56, p. 42, A ls o operates F o rt W orth & N e w Orleans R y ., G a rre tt to F o r t W orth,
41 miles; Central T e x a s & N orth w estern , 12 m iles; A u stin & N orth w est
752.)
ern, 102 m iles; other, 4 m iles. T h e W aco & N orth w estern , B rem ond to G r e e n B a y W i n o n a Sc S t. P a u l . —R o a d ow ned from Green B ay, Ross, T ex., 57 m iles, w as sold in foreclosu re Deo. 28,1892. Land gran t
Wls., to Marshland, Wis., 209 miles; branches, 13 miles: track age to fro m th e State o f T e xa s w as 10,240 aores p e r m ile.
Winona, 4 miles; total, 226 miles. A lso leases the K ew a u n ee G reen B a y
H istory .— F oreclosu re sale o f th e H ou ston & T e x a s C e n tra l
& W estern R R ., K ew a u n ee to Green B ay, 30 m iles. Th e W in on a &
R ailw a y (ex cep tin g its W aco & N o rth w . d ivision ) w as m ade Sept. 8,
Southwestern (w hich see) is op erated in the sam e interest.
1888, to the reorg a n iza tion com m ittee, and this ra ilro a d com pan y or
H is to r y .—In August, 1892, reorga n ized w ith ou t foreclosure b y plan gan ized (by p la n V. 45, p. 792, 820), bu t the p ro p e rty w as in the hands
o f Feb. 24,1892. See Su p ple m e n t o f Ju ly, 1892, and V. 54, p. 443, o f Charles D illingham as reo e ive r t ill A p r il 1 1 , 1893, w hen tue new
486, 643, 800. D ela w are Lackaw an n a & W estern parties are interested oom pany, w ith Thos. H . H u bbard as P resid en t, to o k possession.
In the property. F arm ers’ L oa n & Tru st Com pany, tru stee o f the
St o c k .—T he n ew stook is $10,000,000 and the old stockholders paid
tirst m ortgage, was s till in posession M arch 16,1893.
In A ugust, 1892, a traffic agreem ent was m ade fo r a through fre ig h t a cash assessment o f $71 40 p e r share to obtain th eir pro ra ta share o f
the n e w stock. (See V . 51, p. 493.)
lin e to the east o v er the Toledo A n n A rb o r & N orth M ichigan v ia the
B onds.—Th e bonds a re b ein g gra d u a lly reduced w ith proceeds of
D ela w are Lackaw ann a & W estern. Connection w ith the T. A . A . & N.
M. Is m ade b y ferry . See V. 55, p. 331.
land sales. In D ecem ber, 1892, the M orga n ’s Lou isiana & Texas
R R . & 88. Go. brou gh t su it to rec o v e r $1,343,538. T h ere is a olaim of
St o c k .—T he p referred stock is en titled to 5 per oent, i f earned, then
the S tate o f T e x a s upon 75 m iles o f the roa d against w hioh $899,000
com m on to 5, then p re ferred to 2 p. c., and comm on to any balance.
first m ortg a g e bonds are reserved.
E arning s .—F rom A u gu st 1,18 92, to M arch 31 ,1 893 (8 m onths), net
T h e Southern P a cific C om pany guaran tees In terest on a ll the bonds
earnings w ere $87,413, against $34,272 in 1891-2. In y ea r ending and both prin cipal and in terest o f t h e debentures. T h e first m ortga ge
June 30,1891, gross earnings w ere $411,336; net, $37,333. In yea r bonds and the consolidated m o rtg a g e bonds m ay he called fo r redem p
1889-90 gross. $330,319 ; net, $62,747. Samuel Sloan, President. (V. tio n a t 110 w ith proceeds o f land sales. See fu ll abstracts o f a ll the
53, p. 712, 969; V. 54, p. 443, 486, 643, 8 0 0 ; V . 55, p. 255.)
m ortgages In V . 52, d . 242. Th e first m o rtg a g e w as a first lien on som e
G u l f W e s t e r n Sc T e x a s . —P o rt L a v a o a to Cuero, Texas, 56 m iles ; th in g less than 2,000,000 aores o f land and the consoli-iated m ortga ge
V iotoria to B ee ville, 55 m iles ; tota l, 111 miles.
A Southern P aciflo a first lien on abou t 1,000,000 acres. O f the consolidated 6s $1,149,p rop erty, the M organ’s Lou isiana & Texa s ow n in g a ll but $3,500 o f the 000 (not included in the am ount ou tstanding a boi e) are held as p a rt
$500,000 stock. In 1891 gross earnings. $99,398; deficit under oper secu rity fo r the general m o rtg a g e 4s. T ru stee o f general m ortga ge is
ating expenses and ta xe s, $86,688. See V. 53, p. 880.
M e trop olita n T ru st Co. o f N. Y . T h ere are $29,000 U nion D ep ot bonds,
H a n c o c k Sc C a l u m e t . —Owns n arrow -gau ge road from H a n cock T h e debentures h a ve Interest hut n o t p rin c ip a l p a y a b le In gold.
to Fulton, M iob., 19 m iles; branch, 3 m iles. Stook, $350,000; par.
E a r n in g s .—T he earnings, &c., fo r yea rs en ding June 30, 1891 and
$100—o f which $250,000 is ow ned b y M in eral R a n ge R R . Co.—which 1892 w e re as fo l l o w s ;
see. F irst dividend, 2 h p. c., w as paid Jan. 1,18 93. M o rtg ag e is fo r
Y e a r e n d in g J u n e 3 0 1891.
1892.
$400,000. In y ea r 1891 gross earnings w ere $175,926; op eratin g e x Passenger, m ail, e tc .................................. ........ $1,024,959
$982,183’
penses and taxes, $107,562.
F r e ig h t........................................................
2,788,247
T
?,*• J o s e p h . —Owns from Hannibal, Mo., to S t
Joseph, Mo., 206 m ile s ; branches—Cam eron to Kansas C ity, 53 m ile s :
T o ta l gross ea rn in g s.......................... .......$3,575,043
$3,770,430
St. Josenh to Atchison, K an., 20 miles; P a lm y ra to Quincy, 111., 13 miles; O p eratin g expen ses..................................
2,647,937
leases, 3 m ile s ; total operated, 295 miles. Owns brid ge at Kansas City.
N e t ea rn in gs...............................................
STOCK.-Com nion, $9,168,700; p referred , $5,083,024; par, $ 10 0 . J u ly
1 ,1 8 9 2 , Chic. Burl. & Quincy R R . ow ned $14,244,900 stock. P re ferred M iscellaneou s in com e...............................
stock has p rio r right to a non-cum ulative dividend o f 7 p e r c e n t ; then - ( V . 52. p, 5 1 ; V , 54, p. 287, 492, 1007;
V . 55, p. 927, 1033; V . 56, p,.
oom m on to 7; then both share. D iv id e n d s .—On preferred stook in 1881 621, 835.
RAILROAD
i l i Y , 1896.]
STOCKS
MINNEAPOLIS
AND
BONDS.
67
V: p s n e
((f a c u r
iu Claire
WfLkOQ
'abashi
Owat
fnnnd
Winona
j P * MADIS'dj
>acine\ V
Council Bluff*
Qfntrev
.lumbuarv
htowr
iprloffleW
Joplin
Poplar BlulT
Gullirl
r u m
U la r lia
K not*l
XeUleli
Jackaoe
g H ifW fii
McAllister
2 B H olly SpOo
i
A ffW »ttrIo n I|
* fffA U « r U le •
k O M ° ,ford
/
I H W a U f Vail O
T
^ M o > fl< *vU lt l v
Oordoo
^ G re n a d a
.A
o i/
uck n u i ^ r
Opeltfa
rXcK&ow
deburst
jrccard
A baveo
teChlUo
piU ^
r ^ r
BA TO*
kr.ouoE,
l l A a i* ]
[TaOK'u
I AmJtd
I llainr
R P odcI
M A P
Houm a
.G a l v e s t o n
OV
TH E
ILLINOIS
CENTRAL
R. R
c o r m F .C T io w s .
INVESTORS’ SUPPLEMENT.
68
[You LYI.
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e ta b le s .
P rin c i
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal,W hen Due.
A m ou nt
R a te per Wheu W here P a y a b le, and by Slocks—Last
Par
of
of
F o r exp la n ation o f colum n headings, «&c., see notes
O utstanding
Cent.
Pa y a b le
Whom.
Road. Bonds Value.
D ividend.
on first pa ge o f tables.
RAILRO AD S.
67
H un tin gd on rf Broad Top—Common stock..............
67
Preferred stock, 7 per cent, non-cum illa tiv e ........
67
1st m ort., extended in 1890 (int. only in g o ld )...
67
2d mort. (interest but not prln. payab le in gold).
67
3d m ortgage, consolid ated.....................................
Illin o is Central—Stock......................................... - - - •
Leased lin e 4 per cent stock, guar, (see rem arks..
(
1st m ort. o f S terling bonds o f 1895.
1 8 7 4 f o r Sterl. o f ’03, £10,000 dr’ n y rL c*
706 {
$15,000,000 Sterling bonds o f 1905..............
secures all 4s o f 1886, due 1951, g o ld — o*
3*28 o f 1886, due 1951, g old. .0*
equally
Trust bonds sterl.(secured b y Ch. St.L.&N.O.cons.)
l e t M. on Ch. & Sp. R R . (Gilm an to Sp rin gfield ).c 111
131
1st M., M iddle D iv.,O tto to N orm an Juno. & b rs .r
854
C ollateral trust bonds, gold, $ & £ .................... c*
Cairo B ridge bonds, gold (see rem a rk s)— c*<fer..
CoL trust. $25,000,000, gold, on L. N . O.
T..c*&r 798
Chicago St. Louis & N ew Orleans 1st m o rtg a g e ... 567
567
2d m ortga ge..........................................................
Consolidated m ortgage ($18,000,000),gold.o*«fcr 567
100
Memphis D ivision m ortgage, g o ld ..................c*
152
In d ia n a p . S prin g/.d W — 1st M. $2,600,000 gold, gu.
In d ia n u Illin o is < Iowa—Is tM ., gold, red. at par. .0* 118
£
1st and 2d inc.Ms. ($250,000 each) 4 p.c.non-cum.i
118
33
1st M. on exten.$500,000,gold, sub. to call at par.c
Incom e bonds..
....
1854
1857
1865
1875
1874
1875
1886
1886
1886
1878
1881
1888
1890
1892
1877
1877
1881
1889
1893
1889
1889
1893
1886
1886
1886
$50
50
500
500
1,000
100
100
£200
£200
£200
1,000
1,000
£200
1,000
1,000
500 &c.
1,000
500 &c.
1,000
1,000
1,000
1.000
__
Sto c k .—T he leased line stock is secured by deposit of
S 10,000,000
(?)
1,000
500
1,000 N il.
1,000
1,000
1,000
H u n t i n g d o n Sc B r o a d T o p . —O w ns from Huntingdon, Pa., to
M ount Dallas, Pa., 45 m iles; branches, 22 m iles; to ta l operated. 67
miles. P referred stock is 7 per cent non-oum ulative. Dec. 31,1892, car
trusts w e re $444,637 ; bills payable, $30,000. In M ay, 1893, $150,000
o f 5 per cent car trusts w ere issued. Bonds due in 1895 and 1925 h ave
in terest bu t n ot principal p ayable in gold.
Dividends on preferred—In 1884,1*2 per cen t; in 18S7,2 : in 1888 and
1889, 5 yearly; in 1 8 90 ,5^; in 1891, 7; m 1892, 7; in 1893, Jan., 3*s. On
comm on stock in ’ 9 1 ,2 p. c.; in ’ 92, Jan., 2; July, 2; in ’ 93, Jan., 2 ^ . In
’ 92 gro^s earns., $678,122 ; net, $365,712; n et from collieries, etc.,
$4,526; interest, $117,252; car trusts, $116,843; dividends, comm on
and p re ferred $193,916. In 1891, gross, $688,057.
I l l i n o i s C e n t r a l . — {See M a p.)—L in e of R oad —Chicago to Cairo,
365 m ile s ; E a st Dubuque to Centralia, 341 m ile s ; Mem phis D ivision —
Grenada to Memphis, Tenn. 100 miles; Chicago St. Lou is & N ew Orleans
R ailroad, Cairo, 111., to N e w Orleans, La., 547 m iles; branches, 931
m iles; total, 2,284 miles. A ls o leases and controls b y ow nership o f
nearly en tire stock Dubuque & Sioux C ity and leased lines 600 miles;
tota l June 30,’ 92,2,884 miles. In 1892 acquired also the L o u is v ille N ew
Orleans & Texas, ow n in g from Mem phis, Tenn.. to N ew Orleans, La.,
456 miles; Coahoma, Miss., to R iv e rs id e Junction, 151 m iles; other
branches, 52 miles; N atchez to Jackson, Miss., 99 miles; C larksdale to
M in ter C ity, 40 m iles; to ta l, 798 m iles, o f w hich 71 m iles narrow -gauge.
H is t o r y , L eases , &c.—This com pany w as chartered in Decem ber,
1850, and organized in March, 1851. Th e lands granted w ere upon
the condition th at the com pany should p a y to the State 7 p e r cent o f
gross earnings y ea rly in lieu o f taxes. Th e com pany acquired a con
tro llin g interest in the Chicago St. Lou is & N e w Orleans R ailroad,
and leased it from Ju ly 1, 1882, fo r 400 years, at 4 p e r cent per annum
on stock, and issued the above 4 p e r cent leased line stock in exchange
fo r a lik e amount o f the Chic. St. L . & N e w Orleans stock (see below ).
Th e stock o f the Dunleith & Dubuque B ridge, $1,000,000, is owned.
In 1892 p ra ctica lly a ll the stock and bonds o f the Lou isv. N ew Orleans
& T e xa s w ere acquired fo r $5,000,000 in cash and $20,000,000 in
4 per cent bonds, pa rt o f an issue o f $25,000,000, secured b y deposit
o f the purchased securities. See below, also advertisem en t Ch r o n ic l e ,
June 11,1892, and V. 54, p. 964. Th e L. N. O & T. w as consolidated
w ith the Y a z o o & M ississippi V a lle y R R . Co. in 1892. (V. 55, p. 679.)
In 1887 the com pany acquired the stocks o f the leased linos in Iow a .
L ands .—The L ou isville N e w Orleans & T e x a s on J u ly 1,1891, ow ned
579,645 acres o f land, and there w ere land and to w n site notes in
treasury fo r $758,783—a ll subject to its incom e bonds.
Ca p it a l
$1,371,750
2,000,000
416,000
367,500
1,497,000
50,000,000
10,000,000
2,500,000
3,650,000
1,000,000
1,500,000
2,499,000
5,266,000
1,600,000
968,000
15,000,000
3,000.000
20,000,000
1,365,000
80,000
11,281,000
3,500,000
Chicago St. Lou is & N e w Orleans stock, and in case o f
efau lt fo r s ix ty days in the paym en t o f any semi-annual d ividen d o f 2
p e r cent the stockholder is en titled to his share o f the stock pledged.
On October 12,1892, stockholders vo te d to increase the ca pita l stock
from $45,000,000 to $50,000,000 fo r im provem ents. See ofiicia l circua r in V . 55, p. 255.
D iv id e n d s .—On common stock since 1882—In 1883, 8 and 17 per
cent in Chicago St. Louis < N e w Orleans stock exchangeable fo r leased
fc
lin e certificates; in 1884,10; in 1885, 8; in 1886,712; in 1887 and 1888,
7 ; in 1889, 5 V , in 1890, 6 ; in 1891,5; in 1892, 5 ; in 1893, M arch, 2 ^
per cent.
P rice of Sto c k .—In 1883,124@148; in 1884,110@140; in 1885,1 1 9 1 2
« 1 4 0 ; in 1 8 8 6 ,130@ 143is; in 1887, 114® 138; in 1 8 8 8 ,1 1 3 ^ 1 2 3 ^ : in
1889, 106'2>1183j; in 1890, 85® 120; in 1891, 90@109%; in J 892, 9512
® 11 0; in 1893, to M ay 19 inclusive, 94E2^104.
B onds .—Cairo B rid ge bonds are secured b y deposit o f a like am ount o f
Chicago St. Lou is < N ew Orleans 1st m ortga ge Cairo B rid g e 5 p e r cents.
fc
Bee advertisem ent in Ch r o n ic l e , M ay 7 ,18 92.
Th e trust bonds o f 1886 are secured by deposit o f $5,266,000 Chicago
Bt’ L . & N. O. consols, and are to be included in any new m o rtg a g e on
the Illin o is Central lines.
®
T h e collateral tru st bonds o f 1952 are secured b y p ledge w ith the U. S.
Tru st Co. o f N e w Y o r k o f $16,350,000 5 per cent 1st m ortga ge g o ld
bonds o f subsidiary railroads co verin g 850 miles. See list, V . 55?P. 550.
O f the $25,000,000 collateral tru st bonds issued on p ledge o f the
Lou isv. N. O. & T e xa s securities purchased in 1892, $5,000,000 are to be
retain ed b y the Illin ois C entral. Tru stee o f deed, U. 8. Tru st Com pany.
F o r the Chicago St. Lou is
N e w Orleans the lessee guarantees the
principal and interest o f all the outstanding bonds p rio r to the 5 per
cent bonds, and b y an endorsem ent on the la tter bonds guarantees the
paym ent o f the interest on the sam e u ntil the principal is paid. O f
these consol. 5s $5,266,000 additional to the am ount outstanding
above are pledged as secu rity fo r the Illin o is Central trust bonds o f
}| 8 6 . ®?Qo7SftC
J11Cag0 St. Lou is & N e w Orleans first m ortga ge 7s o f
1877, $539,000 are a p rior lien on that pa rt o f the road in Tennessee.
a
T h e Cairo B ridge bonds w ore sold in 1892
and $20,000,000 c o llatera l trust 4s w ere issued to p a y fo r the Louisv.
N. Orleans & Texas. (See above.) Th e fix ed charges incurred through
the purchase o f th e L. X. O. & T. w ill th erefore bo $800,000, to w hich
should be added tho interest on the $5,000,000 paid iu cash Assum ing
this at 5 per cent, the annual ren t w ill be $1,050,000. This w ill be
28 20-100 p e rc e n t o f the earnings o f the road In the year 1890-91. A s
to Chicago lake fron t decision affirm ed b y U. S. Supreme Court in
D ecem ber see V . 55, p. 995.
h U B S M " M a r- 31,1893 (9 m onths), gross. $11,I5 ° d ? t 0 ? g a r 8t
'fa
m 1891-92; net, $4,075,158, a g iin s t
t ’ , ■ C om parative statem ent lo r 6 m onths ended Dec. 31 (D ec
1892, bein g estim ated), is as fo llo w s—Y . 56, p. 1 0 3 ,1 2 7 ;
'
800,000
457,500
M ar.’ 93.
500,000
739,000
980,000
See text. J. & J. Phil. Of. ,4th&W alnutSt.
7 per an. J.
J.
do
do
do
do
4 g. A. & 0 .
F. & A.
do
do
7 g.
A. < o .
te
do
do
5
See text. M. & S. N ew Y o rk , 214 B ’ dw ay.
4 p e r an. j . & j .
do
do
6 g. A. & 0 .
London.
5 & A. & o . London,M orton,R .& Co.
•
5 g. .1 . & I ) .
do
do
fe
4 g- J . < J. N ew Y ork, 214 B ’dw ay.
do
do
3>e g. ,i. & J.
3>a g. J. & J. London, B arin g Bros.
J. & J. N ew Y ork , 214 B ’dw ay.
6
F. & A.
5
do
do
do
do
4 g. A. & O.
4 g. j . a D.
do
do
do
do
4 g. M. & N.
M. A N.
7
do
do
J. & D.
6
do
do
do
do
5 g. J 15A T ) 15
4 g. J. & D.
do
do
5 g.
N ew Y o rk .
fc
4 g. J. < D. N. Y .,M e tr o p o l. Tr. Co.
4
J. & D.
do
do
5 g. M. & S.
N . Y . A g e n cy .
5
J. & D.
6
J. & D.
41
sg. M. & N . Ph ila., F id e lity Trust.
Jan. 24, 189S
Jan. 24, 1893
Sept. 30,1920
Feb. 1, 1895
Apr. 1, 1895
Mar. 1, 1893
Jan. 2, 1893
Apr. 1, 1895
A p r. 1, 1903
Dec. 1, 1905
Jan. 1, 1951
Jan. 1, 1951
J u ly 1, 1950
Jan. 1, 1898
Aug. 1, 1921
Apr. 1, 1952
Dec. 1, 1950
N ov. 1, 1953
N ov. 1, 1897
Dec. 1, 1907
June 15,1951
Dec. 1, 1951
1943
Dec. 1, 1939
Deo. 1, 1939
M ar. 1, 1943
1906
1906
M a y 1, 1926
S ix m onths end ing Dec. 31.1892.
1891.
-In o .o r D e c .Gross receip ts fro m op era t’n .. $10,178,552 $10,175,613 In c .
$2,939
N e t o v er oper. exp. and ta x e s.
2,850,635
3,106,642 Dec. 256,007
2,088,999
F ix e d ch a rg es...........................
2,049,991 Inc.
39,008
L a n d rec. and inc. from invest.
553,166
341,392 I n c . 211,774
Surp. dividend-fund J u ly 1, ’92
230,959
216,559 In c .' 14,400
D ivid en d pa y a b le M arch 1.......
1,250,000
1,125,000 I n c . 125,000
295,761
Balance, surplus.......................
489,602 D ec. 193,841
A n n u a l R e po rt .— Fiscal y ea r ends June 30. A n n u al m eetin g is held
a t Chicago the second W ednesday in O ctober. R e p o rt fo r 1 8 9 L 9 2 w as
published a t length in Ch r o n icle , V . 55, p. 528, 542, 546. T h e L ou isv.
N . O. & T e xa s earnings a re n o t here included. See below .
Y ea r end ing Ju n e 30—
1890.
1891.
1892.
Miles o p era ted .............................
2,875
.2,875
2,883
Passenger ea rn in gs................... $3,287,292 $3,812,340
$4,388,269F reig h t ea rn in g s......................... 11,335,365 12,160,600
12,809,973
Mail, express & m iscellaneou s..
1,829,365
1,908,615
2,093,518
T o ta l earnings....................... $16,452,022 $17,881,555
O perating expen ses...................
11,153,419 12,761,046
Met ea rn in gs............................... $5,298,603
Met receipts fro m interest, & c ..
731,185
M iscellan eou s...... .....................
30,018
$19,291,760
14,070,020
$5,120,509
1,163,109
34,905
$5,221,740
913,733.
61,038
T o ta l r e c e ip t s ....................... $6,059,806 $6,318,523
in terest on 111. C entral bonds., $1,464,925 $1,462,425
int. on Chic. St. Lou is <fcN.O.bds.
1,106,955
1,247,010
Rental Dub. & Sioux C ity R R ..
415,629
829,169
D ividends on HI. C en tral stock.
2,400,000
2,250,000
D ividends on Leased L in e .stock.
400,000
400,000
Perm anent im p ro v em en ts...
213,415
M iscellan eou s.......................
50,000
130,027
$6,196,511
1,459,925
1,196,845
776,413
2,250,000
400,000
98,921
Balance.............................
Sur. $8,882
D ef. $118 Sur. $14,407
L o u is v il l e N e w Or le a n s & T e x a s .—F o r the y ea r en din g June 30,
1891, gross earnings on 790 m iles w ere $3,716,430; n et earnings, $1»071,426. (V . 54, p. 159, 265, 939. 964, 1048; V . 55, p. 59, 256, 5 2 8 ,
5 42 , 5 4 6 , 639, 679, 810, 99 5; V . 56, p. 103, 127.)
I n d i a n a I l l i n o i s Sc I o w a . —O wns fro m S treator Junction, HI.,.
to K n o x , Ind., 118 miles; tra ck ag e (W abash R a ilw a y ) in to Streator, 1*70
miles; (Ch. & W. M .) L a Crosse, Ind., to N e w Buffalo, Mich., 38; (Chic.
6 E. H L) W heatfield to L a Crosse, Ind., 13 ; to ta l o f all, 171 miles.
Or g a n iz a t io n , E tc .—E x ten sion to South B end, Ind., is to be b u ilt
under ch arter o f the In d ia n a Illin o is & Io w a R a ilw a y Co. o f Indiana.
Se c u r it ie s .—Stock, $3,597,800; par, $100. C ar trusts J u ly 1, 1892,
w ere $108,513. In 1890 finances w e r e readjusted. (See V. 51, p. 457.)
The 1st and 2d incom es, as w e ll as th e 1st 4s and the 5s o f 1893, are
subject to ca ll a t p a r and in teres t a fte r 30 da y’ s notice. T h e 5s o f
1893 are a first lien on the exten sion to South B en d and c o v e r also th e
m ain line, etc., subject to the p r io r liens.
E a r n in g s .—F rom Jan. 1 to M arch 3 1 , 1893 (3 m onths), gross earn
ings, $232,360, a ga in st $178,570 in 1892; net, $80,036, a g a in s t$59,888.
I n y e a r en ding June 30, 1892, gross earnings w e re $601,306;
net, $150,650; interest, 1st M., $32,000; rentals, etc., $17,765;
other paym ents, $40,096; balance, surplus. $60,789. In 1890-91 gross
$446,332. B alan ce sheet, etc., in V . 55, p. 146. (V. 54, p. 965; V. 55,
p. 146, 331; V . 56, p. 443.)
I n d i a n a Sc I l l i n o i s S o u t h e r n . —Suitz C ity , Ind., to Effingham ,
111., 90 miles. Stock, $1,400,000. B ills payab le, $239,692 Ju ly, 1891.
I n d i a n a p o l i s D e c a t u r Sc W e s t e r n . —See In d. Spring. & W est.
I n d i a n a p o l i s S p r i n g f i e l d Sc W e s t e r n . —O w ns fro m In d ia n a p o
lis, Tnd., to D ecatu r, 111., 152 miles.
H is t o r y .— O rganized in 1893 as successor to In d ia n a p olis D ecatu r <
fc
W estern, sold in foreclosu re M a y 3. See V . 56, p. 753. R eorgan iza
tion pla n in V. 56, p. 246 p rovid es fo r con trol o f stock and gu aran ty
o f n ew 1st m ortg a g e by tho Cincinnati H a m ilton & D ayton.
Sto c k .—Common stock is $4,000,000; p re fe rre d 6 per cen t noncu m ulative, $1,500,000.
E arning s .—Ju ly 1,1892. to Mar. 31,1893 (9 m onths), gross earn, were$393,406, against $414,306 in 1891-92; net, $119,616. against $118,417.
In y e a r en ding June 30, 1892 gross earnings w ere $511,987; net*
$130,547. In 1891 gross, $478,448 ; net, $116,724. N ew Y o r k office,
2 W a ll St. (V. 53, p. 126. 520, 880, 968 ; V . 54, p. 242, 287, 444, 643 ;.
V . 55, p. 938; V . 56, p. 206, 246, 288, 501, 621, 753.)
I n d i n n a p o l i * U n i o n . —Owns 3 m iles o f tra ck w ith term inals a t I n
dianapolis, Ind., and leases fo r 999 yea rs the B e lt R R . o f In dia n a polis—
which see—consisting o f 14 m iles o f roa d ru n ning around the city,
etc. F orm ed in 1850 and furnishes term in a l fa cilities to the severa l
railroads en terin g Indianapolis. Sto ck —Th e C leveland C incin nati
Chicago & St. Louis, the P ittsb u rg C incin nati Chicago < St. Lou is and
fe
the T e rre H au te < Indianapolis are v irtu a l prop rietors, th ey h a vin g in
fe
vested in it $1,534,434 to Jan. 1, 1892. N o stock outstanding. B onds
—Tru stee o f the Indianapolis U nion m o rtg a g e is the F id e lity Ins. T r u e *
& Safe D ep osit Co. o f Philad elph ia. Bonds fo r $20,000 h ave been ca n
celed b y the sinking fund, the issue being purchasable at par and in t e r
est, i f offered, bu t not subject to ca ll b efore m atu rity.
RAILROAD
M a T , 1883.J
STOCKS
AND
69
BONDS
S u b s c r ib e r * w i l l c o n f e r > g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
R A IL R O A D S .
Bond*—P r in c i
IN T E R E S T O R D IV ID E N D S .
D a te Size, or
pal, When Due.
A m ount
of
R a te per W hen W here Pa yab le, and by Stock*—Last
Par
Outstanding
Cent. Pa y a b le
w nom .
Road. Bonds Value.
D ividend.
«
M iles
of
on first page o f tables.
117
In d ia napolis < Yineentus— 1st m ortgage, gu ar---- e
t
2d m ortgage, guaranteed p. A i. Penn. R R . C o— e 117
770
In tern ation al d Great X orthem — 1st m ort., g o ld ---2d M. gold. int. 4% p.c. t ill 8ept.’ 97, then 5 p.c..c' 776
776
3d m. (*3.000,000) Income till Sept. 1.1897, g . . o’
776
Certificates o f indebt. sec. b y 1st m. coupons, gold.
Colorado B ridge bonds, sinking tund..................... ! . . . .
....
Iowa Central—Common stock....................................
Preferred stock (5 per cent non-cum., see t e x t )..
501
1st m ortgage, 815.000 p e r m ile, g o ld ..................c '
Keithsburg B rid ge 1st m ortgage, gold, g u a r— o’
20
Ir o n Railway—Stock .................................................
Jacksonville L ou is v ille d St. L ou is—See Ch ic a g o P KOBIA
i
Jackson v. St. A ugustine d In d ia n R ite r .—1st M . .c.
Jacksonville Tampa d Key West— ls t ,g ..r e d .a t ll0 .c ' 1 3 04
37
A tla n tic Coast Bt. John * A Indian R. 1st M .,gold.c
29
Sanford A Lake Rustis 1st M. (*350,000), gold .
200
J. T . A K . W. consol, m ortga ge fo r *4,000.0000..
....
Co Hat. Trust loan on Fla. So. bond*. Series A ......
Do
do
do
stock. Series B .......
Equipm ent bonds. Series A and B ...............
18
8t.JohnsA I.akeRustic l*tM .,gu.p.Al.byFIa.8o.A'y,
59
Jalisco ra e ijte — l m M .,*2 5 .0 0 0 p. m., g old, g u a r ..
8
Jefferson tP a .)— 1st a n d 2 d M s ,e x te n .(H a w ley B r.).c
37
1st M. C arbondale to 8. depot, gold, guar. p. A ! .. c
45
Joliet d no rth e rn In d ia n a — 1st M. gu .p. A t. M. C.C;
3 56
/unction /P h ila d e lp h ia )—l e t m ortga ge (extended)
2d m ortg a g e.............................................................. 3 56
1867
1870
1879
1881
1892
1892
1880
$1,000
1,000
300 Ac.
500 Ac.
500 Ac.
Various
1,000
100
100
1,000
1888
1895
1.000
100
A ’ Bt . L o u is.
1884
1886
1896
1890
1888
1888
88-89
1,0 0 0
1,000
1,000
1,000
1.0 00
1,000
500
1892
1867
1899
1877
1882
1865
1,0 00
1,000
1,000
1.000
1,000
1.000
$1,700,000
7
1.402.000
6
7.954.000
6 g.
6,968,500 4 4 to5 g.
2,605,000
4 g.
631,335
5 g.
225,000
7
8,200.000
5,543,736 See text.
6,300,000
5 g591,000
6 g.
600,000
1>9
(1)
1,566,000
6 g.
360,000
6 g.
290,000
6 g.
6
(!)
2,905.000 4 to 4 4
900.000
4
53.000
6
285,500
1,475,000
6 g.
300,000 4 b) A 6
2,800,000
5 g7
600,000
425,000
4>,
6
300.000
F.
M.
M.
M.
M.
M.
M.
A A.
A N.
A N.
A 8.
A 8.
A N.
A N.
....
N. Y „ F arm . L . A T T .C o .
do
do
N .Y ., office, 195 B ’ w ay.
N. Y . , F a n il e rs’ L. A T r. Co
See remarks.
N. Y ., C en tral Tru st Co.
N .Y ., office, 195 B ’ w a y .
Feb. 1, 1908
M a y 1 , 190 0
N o v . 1, 1919
Sept. 1, 1909
Sept. 1, 1921
N o v .1 ,’9 3 ’97
M ay i , 1920
N. Y . office, 11 W a ll St.
J. A D. N. Y .. M ercan tile Tr. Co.
J. A D. N. Y ., C entral Tru st Co.
Boston.
yearly.
Apr. 11 ,1 892
June 1, 1938
June 1, 1925
J n ly 10,1891
J.
M.
M.
M.
F.
F.
Jan.' 1, 1914
Jan. 1, 1906
Sept. 1, 1916
1940
A n g. 1, 1898
A ug. 1, 1898
$7,500 8.-an.
F.
J.
A.
J.
J.
A.
A J. N. Y „ M ercantile Tr.Co.
do
do
A 8.
do
do
A 8.
do
do
A 8.
A A. Boston, A m . L. A T r . Co.
do
do
A A.
N .Y ., M ercan tile T r Co.
do
do
N ew Y ork City.
A A.
A J. Phlla., F id e lity Tr. Co.
A O. N .Y ..N .Y . L.E. A W .RR.
A J. N. Y ., Farm. L. A Tr. Co.
A J Phlla., 233 So. 4th 8t.
A O.
do
do
A ug. 1,
Ju ly 1,
Jan. 1.
Ju ly 10,
J u ly 1,
A pr. 1,
1922
1927
1909
1907
1907
1900
I n d i a n a p o l i s A V i u r e u n e * . —Owns from Indianapolis, Ind.. to
T h e interest, rentals, A c., a b ov e in 1891-92 Inclu de; In teres t on
Vincennes, In d ., 117 miles; branches. Bushrod to D u gger.etc., 18 miles; funded debt. #308,692; on cu rrent lia b ilitie s, #22.731 : rentals o f
to ta l. 133 miles. T h e Pennsylvan ia Com pany ow ns a co n trollin g bridge*, track * and tunnels, #30.780; m iscellaneous. #17,347; to ta l,
(V . 53, p. 256. 3 6 7 , 407 ; V . 54,
Interest In the stock and operates the road, advancing the deficiency to #399.530. President. Russell Sage.
pay Interest on the bonds. T h e caottal stock Is #1,402,000; par, * 5 0
p. 78, 343, 369. 8 4 8 ; V . 55, p. 420.)
o f which Pennsylvan ia Com pany on Jan. 1.1893, ow n ed #1.401,900.
J a c k s o n v i l l e XI. A u g u s t l u e A I n d i a n l l l v e r . —O wns from
Due Pennsylvan ia Com pany Dec. 31, 1892. fo r advances, #2,515,823. J a ek son vlllc. Fla.-A-ta St. A u gu stin e to Rncklodgo, F la., 1 7 7 m iles;
In 1892 gross earnings. #533.382; net, #112.117; Interest. #203,120; branches to Palatk a. San M ateo and T o col, 22 nines. E xtension o f
rentals, etc.. #3.583; deficit. #04,568. against #138.548 In 1891.
87 m iles to Juno said to be protected. A consolidation in 1893 o f s e v
I n t e r n a t i o n a l A f i r e n t N o r t h e r n . —O w n * L o n g v iew , T exa s, to eral road* p re viou sly co n trolled in sam e interest. Inclu din g th o 70
Laredo, T exa s. 496 m ile s ; and Palestin e, T exa s, to H ouston. T exa s, 150 m ile* extension to R ock led go com p leted In Janu ary, 1893. H e n ry
m iles: branches—H ouston A Columbia, 50 m iles; Phelps to Hunts- M. F la g le r, President.
vflie, 8 m iles; M in eols to Troupe. 44 in lie * ; lease*—Round Rock to
J a c k s o n v ille Houtheastern.
> Se e Ch i c a g o P e o r i a
G eorgetow n, 10 m iles; H enderson to O verton . 18 m iles; G a lveston
J a c k s o n v i l l e L o u i s v i l l e A HI. L o u i s . )
A BT. Lolfia.
B oost. A B end., G alveston to H ouston, 50 m iles ; total, 825 m ile*.
J a c k s o n v i l l e T a m p a A K e y W e s t . —L in e o f road Jackson
0 BGa s txsTtow — Foreclosed in 1879 and reorganised. In 1892 the
I . L I T . disposed o f Its Interest In the stock to Mr. Gould. (Bee V. ville. Fla., to Hanford, 123 m ile s ; E n terprise branch. 4 m ile s ;
SO, p .3 1 3 ; V. 54. p. 3*91.) D efau lt w as m ade in March, 1889, and Delam l branch. 8 m iles: A tla n tic Coast St Johns A Indian R iv e r.
m ea n er* w ere appointed Feb. 16. 1889. R eorganized w ith o u t fore- Enterprise to T itu sville , 37 miles; Hanford A L a k e Knstls D iv., San ford
closure In 1892 under plan o f Jan. 27.1 892 . See plan in V. 54, p to Ta va res, 29 m iles; to ta l J .T . A K . W., 200 miles. O perates n a rro w
90 8,368 . Road w as turned o v e r to the com pany b y the rec eive r on gau ge lines as fo llo w s : F lorid a South., Palatka, F l a , to Brooks rills,
and branches. 179 m.; and B artow to Pu nta G orda, 80 m iles; leases Ht.
Ju ly 11.1892. V. 55. p. 100. 177.
John* A L a k e Eustl*. Leesburg to A sto r and L a n e Pa rk, 48 m iles—to ta l
HTOClfc—Stock authorized Is #'25.000.000: outstanding, #9.755.000; operated. 507 m ile*, o f w hich 307 m ile* n a rro w gauge.
p g , #100-, controlled In Interest o f Missouri Pacific as stated above.
R e c e iv e r s h ip , E t c .—O pened M arch,1888, and consolidated w ith the
B o s ns.—T h e first m ortgage bonds rem ain unchanged. Th e second Palatk a A Indian R tvor RR. and the Hanford A Ijik n Kuata* R R . In J u ly,
m ortgage in terest is scaled to 4 * , per cent from Sept. 1.1891, until ' 18H2 . if I). H ow land was apjwtut.-d receiver o f the F lorida Construction
and including Sept. 1,1897; th erea fter It wlU be 5 per c e n t ; but In case ! Com pany, which ow n * m ost o f this com pan y's stock. On A u e . 4 ,1 8 9 2 ,
a t default the ra te reverts to 6 per cent as form erly. Th ere are #85,500 Mason Y ou n g, o f N ew Y ork , w as a ppointed rec eive r o f the J. T. A K.
o f 8 per cen t Incomes, to re tire w hich a lik e am ount o f second m ort W „ but In A p ril. 1893. be was replaced b y Jam es H . Durkee. See V.
gage bond*, a dditional to those above, are reserved.
55. p. 100,146, 079; V. 56, p. 023. Th e land gran t w as about 1,500.000
T ile third m ortgage 4 per ren t bonds fo r #3,000.000. until a fter 1 acres. I t Is said the court has allow ed r e c e iv e r to expen d #200,000 on
Bept. 1 , 1897, d ra w interest on ly I f earned, non-cum illa tive. He* pro j standard gau gin g F lorid a Southern from A rc a d ia south.
vision respectin g paym ent o f Interest In V. 56. p. 82. T h e certificates
a t Indebtedness are secured by Drat m ortgage coupons held In trust ! St o c k —8 took J u ly 1, 1891, w as #3,010,000, o f w hich It la said
the F lorid a construction Co. claim s the rig h t to #2,715,300.
and are payable #126,287 y ea rly. See V. 54, p. 203. 380.
T h e Internation al A G reat N orthern guaran tee* #2,000.000o f G u ise*
Bo n d s .—T he J a ckson ville Tam pa A K e y W est first m ortga ge bonds
I o f 1881 are subject to ca ll at 110. T h e consolidated m ortga ge la fo r
ton Houston A Henderson la t m ortgage 5 per cent bonds.
>#4.000.000, o f which #2,216,010 reserved to retire the p r io r bonds
St a t e R R . Co m h i m io N.— I n August, 1892, the U. S. Circuit Court
grant,
Qted an injunction to p re ven t the T e xa s .state R R Commission ! when due. C ertain o f the consols bearing serial num bers h ig h er than
from en forcin g the low ta r iff fo r freigh t which they had established 2,210 are held by the fo rm er President o f the com pany, as co llatera l,
ni
I as he claim s, fo r a debt due him from the com pany. The re c eive r
ut Septem ber 1, 1891. He* V. 55. p. 314. 332.
K a a v is o * . —From Jan. 1 to June 3o . 1892 ( « months), gross, #1,664.- w arned a ll persons against these lionds, as the com pan y w ill n ot rec o g
501. against #1.689,347 ; deficit under op era tin g expenses, #59.311. nize them. If a t a ll, u ntil a fte r an accounting.
Th e company obtained control o f the F lorid a Hot!them on Jan. 1,
A gain s i #149,971. From Jan. 1 to M ay 7, 1893 <4>t m onths), g ro w ,
1889. and Issued a collateral trust loan (Herins A l fo r #2.905,000 on
#1,45.8,527, against #1,189,718 In 1892.
that com pany’ * bonds, this loan bearin g 3 per cent Interest till A ug. 1.
In calen dar y e a r 1892 gross earnings w ere about #1,132,781. Ill 1891
#1,152,761. In
radar
--------------M0
-------gross. ----- 18.834; net. #618,713. ‘I n l8 9 | gross. #4,1)5.3.649: net. #543,- 1890,1 per cent t ill A u g. 1 , 1H93, and 4>* per cent fo r the rem aining 5
#4.098.634:
748. (V . 53. p. 58. 569, 9<H ; V. 54. p. 33. 78, 203, 243. 287. 329, 366; years, and a co llatera l tru st (Herie* B ) fo r #900,000 on that com p an y’s
stock. (See v . 4 7 , p. 531.) T h e F lorida Houthera Ru. was sold In fo re
V. 55, p. 100,177, 331. 402, 1038; V . 56, p 82.)
closure In March. 1892, and reorganized. (V . 50, p. 422: V. 53 p. 922.)
I r o n R a i l w a y . —O w ns road, fron ton , O . to C entre, O.,
Kcc.-iver's certificates fo r #125,000 w ere authorized in August,
and branches 7 m ile*. D ividend in 1801, l 1 p e r cent. In year ending 1892, to m eet J .T . A K. W. in terest paym ents. Th e first m ortga ge
*
Jane 30,1892. gross earning*. #32,909; net, #2,28 9; taxes, #3.754.
in terest due Jan. 1, 1893, was paid a t m atu rity.
I o w a C e n t r a l . —O w ns from A lb la . la ., to M an ly Junction, la.,
E v e n in g * .—From J u ly 1,1892, to J u ly 31, 1892 I I m onth), gross o f
178 miles; Oskaloosa, la., to Io w a Junction, near Peoria, 111,, main line w ere #10,151, against #39,920 in 1891; net, #5,774, against
(ex cep tin g K eith sbu rg B ridge o v e r the M ississippi, leased), 184 miles; #12,841. In 1891 92 gross. #781,824; not. *111,709. In 1890-91 the
G rinnell A Montezum a Branch. 14 miles; Story C ity Branch, 35 miles; gross earnings on 200 m ile* w ere #705,267; net, #228,339. (V . 55, p.
State Centre Branch. 27 miles. Belm ond Branch, 22 m iles; N ew ton 100, 146, IT ? ) 215. 256,679; Y . 56, p. 200. 621.)
Branch. 28 miles; M a n ly Junction, l a , to N orth w ood, fa., (leased to
J a l i s c o P a c i f i c ( T t e x l c o ) . —Projected from M anzan illo on the
Burlington Cedar Rapids A N o rtc erm 11 m iles; other, 4 miles; total
ow ned. 503 miles; leases Keith sbu rg bridge o v e r Mississippi R iv er, 3 Pacific Coast o f M exico to G uadalajara. 225 miles, o f which 59 m iles
~ t r a c k a g e . Io w a Junction. IIL , to Peoria, 111., 3 mites; total, 509 from M anzanillo to Colim a are In operation, and 82 m iles m ore abont to
be built. Th e M exican N ational Construction Com pany, which g u a r
s, but o f this 11 m iles leased to B. C, R. A N., a* stated aim ve.
antees the bond*, principal and Interest, contracted to build the
H i v r o * r —T h e Central Iow a , October. 1884, defau lted In p a y en tire line, 225 m iles, fo r #5,625.000 first m ortga ge bond*. #1,500,000
m ent o f Interest, and In 1888, a fter foreclosure sale, w as reorganized
referred stock (en titled to 5 per cent I f earned, cu m ulative a fter Jan.
under present title according to plan in Chronicle . V . 44. p. 853.
. 1895) nod. #5,025,000 com m on stock. Th e m ortgage U
fo r
CArtTAl, Stock . —
Common stock authorized, #11,000,000; p referred #7,500,000 at #25,0o0 |>er m ile o f com pleted road, and is payab le in
a oth oriied . #7,400,000. The preferred is en titled to 5 per cent innii- U. 8. gold; trustee, B u t e T ru st Co. The bonds are redeem able a t 110
•m n u la tive ). then comm on to 5, then both share pro rata.
before m atu rity on six months' notice. (V . 51, p, 1009.)
J e f f e r s o n . —O w n* from Busquehanna D epot, Pa., to C arbondale,
Dividends .— prof, stock begun In 1892; In A p ril paid 1 p ercen t.
On
B o n d s , E t c .—T rustee o f first m ortgage. M ercantile T ru st Co. See Pa., 37 m iles ; branch, H a w le y, P a .. to Honesdalo, Pa., 8 m ile * ; total,
abstract V. 40. p. 582. In February, 1892. #400,000 fiv e per cents o f 15 miles, le a s e d In perpetu ity to the N ew Y o rk Lake E rie A W estern
1888 w ere Issued fo r n ew equipm ent and Im provem ents. On J u ly 1. for #110,000 per annum fo r main line and #15,900 fo r branch. M ort
gage o f 1889 1* guaranteed principal and interest by lessee. Tho H a w
1892, #289,500 b ills pa yab le w ere outstanding.
ley branch 3d*. #96,000, due in 1889. w ere extended at 6 per cent.
L a t e n t E sr x tn g s .— F rom J n ly 1,1892. to M a r 3 1 .1 8 9 3 (9 months), C apital stock. #2,096,050; pnr. #50. Gross earnings y e a r ending Bopt.
JTOS* #1.511,133. agst. #1,497,327 In 1891 92; net. #425,738, against | 30,1891, # 7 5 04 26; net, #191,876.
J e f f e r s o n T I a d l s o n A I n d i a n a p o l i s . —8ee PiTTSBtiao CINCIN
Annual R a r o g r — Fiscal y ea r ends June 30 ; rep ort fo r 1891-92 w s » NATI C h ic a g o A Bt . L o g in .
in ClIK. WILLS o f Sept, 24, 1892.
J o l i e t A N o r t h e r n I n d l a « a . * * O w n s from Joliet, 111., to L a k e
T ear en d in g June 30.
1890.
1891.
1892.
Hlation, Ind., 45 miles. Operated a* part o f the M ichigan Central main
A v 'g e m iles o f road operated.
504
492
497
Gross ea rn in g *...............#1,588.983
#1,699,742
#1,888,260 Hue. Read opened in 1854 and leased to the M ichigan Central. 8took
N et earning* 'o v e r taxes) . . .
369,408
410,887
475,491 (#300.000, par #100) carries dividends o f 8 per cent per annum.
J t i n r t l o u ( P h i l a d e l p h i a ) . —O w ns from Belm ont, P a . to G ray’ *
Total net ree't* ,tn*l. rentals)
.385.28.3
426,987
489,759
Interest, rentals, A c ..............
360,867
405,309
399,5.30 F erry, P a ., about 4 miles. I t connects tho Pennsylvan ia, the Ph ilad el
D ivid en d s......................................... ...........
............
53,364 phia A Reading and the Philadelphia W ilm ington A B altim ore railroads,
oom lng Into P h ilad elp h ia Btock #250,000 (par #50), Is all held by these
orpin*
#24,#16
#21,677
#31.885 throe com panies,and pays dividends o f from 20 to 50 poroent per annum
r
i vod. LV1.
INVESTORS’ SUPPLEMENT.
70
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PACT'
MAP OF THE
Winfield
KANSAS CITY, PITTSBURG
Natchitoches!
-
pGroesbeck/
\ti
/
l\%
Prudehomme
VAlexandPiaX^»
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.RAILROAD
STOCKS A N D
BONDS.
71
S u b s c rib e rs w i l l e o n l e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
Bonds— Prin oi
IN T E R E S T O R D IV ID E N D ? .
R A IL R O A D S .
M iles D ate Size, or
paJ.When D u e .
of
o f ! P a r 1 Am ount
R a te per | When W here Pa yab le, and by Stocks— L a st
F or explanation o f column headings, dec-, see notes
Road. Bonds | Value. O utstanding
Cent. p a y a b le
Whom.
ou first page o f tables.
D ividend.
Kanawha A ific A .—Stock. #10.(>00.000 authorized.
l»tm o rtg a g e ,$ 1 5 ,0 0 0 p e r mile.srold.guar. p.x l . c ’
i o n . City I r k . A Scut Ort.— 1st M.. gold —see text.
Kansas City Belt— 1st (#534,000 gu. K.C .F .8 .A M .).e
Kansas City Br. A Ter.— 1st M- fu r #1.500,000, g .e *
Kaunas City C linton <t S p rin g.— 1st M., g.. guar, .o’
S an ta s City Bietsaied.—l s t m ortg a g e g o ld .........o '
Kansas City f t . Scott i Memphis—S tock ...................
Preferred stock contracts, 8 p e r c e n t ...................
K. C. F. S. A G. 1st M., I’ d. g r . A t.. dr'u at 110.e ’
Mortgages, guaranteed (part drawn, a t 10 5).o
Kansas A Missouri K R . 1st m ortg a g e............. o
K. C. Ft. 8. A G. Ten -year coupon n o t e s ..........
Kan. City 8. A M. Plain bonds ir e d 'b le a t 1 0 5 ). o'
Consol, m ortgage # 2 5 ,0 0 0 per m ile) not dr'n . o’
Current R iv. R R . 1st m ort., #20,000 p. m., guar.
Kan. C.A M. R 'y A li'd g e ls tM .g .s , f. .dr’ n at 110.o '
Kansas Equip. Co. 1st JL guar., s. f.. red. at 110
Kansas City A indep. A i r L in e — 1st M., g o ld .. CAT
Kan. City A huiep. S a p id Tr.—1st M. #1,000,000 c
Kan. C. Memph. A B ir .—1st mort. (dr’ n a t 1 1 0 )..o '
Coupon Interest notes, subject to c a ll at par.---Birmingham equipm ent M .,g.,gu. (red. at 110)..o”
Memphis Equipm ent Co., guar., red. at 110.......o*
Kansas Oily <t P a e irte— 1st M.. gold. Int. gu.(cnd.).o’
Kan. 0. Pitts. A Out/.— 1st M. #25.000, g.Jnc. 1 y rs.c’
K .0 .81. Jo.A C ou n .B i.—Ctm. M. (No*. 1 to 5 0 0 p f.)’ c
1st Ms. Nod. and Tark. Val. R R » . ». t. (dr.at 100) , e ’
Kan. City S ubu rban Belt— 1at m ortgage, g o ld ___ <
Consol. " erm in al R v. o f K. "7.. 1at M.. gold ____ e*
T
'
C.. le t it . , gob
Union Ter. RR. Co. 1st M. #2,000,000) g. | n a r.c ’
----"
g
i&
10
12
174
1890
1891
1886
1889
1885
. .. .
100
1,000
1,000
1.000
500
1,000
ioo
100
160 1879 t o o A c
202 'SO-’HI
1,000
20
1882
1,000
83AS6 5.000AC
1.000
1884
i .ooo
671
1888
1887
1,000
81
1,000
1899
1890
1.000
1,000
1892
5%
1889
1,000
1,000
1887
270
1891
1.000
1888
1890
1,000
1,000
1890
125
....
1893
1877 100 Ac.
274
1,000
01
1880
1,000
1990
30
i.ooo
1892
1,000
1893
10
9.000,000
1,340.000
i K- A . A O. N. Y ., C entral Tr. Co.
540,000
5 g■ M. A N. N. Y . C ity A Loudon.
J. A J Bostou, Or., 50 State St.
1,930.000
0
975,000
ts g- J. A J. Jan., '91. coup, last pd.
3,192,000
5 g. A . A O. Boston. Meren. N at. Bk.
0OO,O<X»
N. Y. C ity.
6 g- J. A J
9,997,000 See text. F. A A. Boston, O f., 50 State St.
2.750,000 See text. F. A A.
do
do
2,247,000
7
J. A D. Boat., N at. W ebster Bk.
1.210,000
-M A 8.
.
7
do
do
390,000
F. A A.
5
do
do
V a rio us Boston, O f., 50 State St.
320,000
6
500,000
M. A N. B oston. Nat. U nion Bk.
6
11.812,000
M. A X. Bost., N at. W ebster Bk.
6
1,606,000
5
A . A O. Boston, N at. U nion Bk.
3,000,000
5 g- A . A 0. N .Y ., Un. T r . Co. A Bost.
711,000
5
J. A J. Boat.. N at.W ebster Bk.
300,000
5 g M. A S. Phil., P ro v. 1 ife A T r u s t
475,000
5
M. A 8. N. Y „ C entral Trust Co.
6,892,000
5
M. A 8
Interest funded.
861,500
6
M. A 8. Boston, O f., 50 State St.
1,000,000
6 «• M. A 8. B oston.O ldC ol’ n yTr.C o
189.000
6
F. A A
do
do
2.500.000
F. A A. N. Y .. C entral Tr. Co.
2,000,000
5
A. A 0. N. Y., 30 W all. See text.
5.000,000
7
J. A J. Boston, 2d N a t’ l Bunk.
569,000 I
7
J. A D.
do
do
i ,000,000
0 m J. A D. Ph lla., U nion T ru st Co.
750.000
5 g. F. A A Phi 1.,P ro v . L ife A Tr.Co.
750.000
Philadelphia.
5 g- F. A A.
Apr. 1, 1990
N ov. 1. 1931
J u ly 1, 1916
Ju ly 1. 1919
Oct- 1, 1925
Ju ly 1. 1922T
Feb. 10, 1891
Feb. 15, 189 c:
June 1, 190&
Sept. 1, 1 9 1 0
Aug. 1, 1922:
Var. 1895 96
M a y 1, 1894,
M a y 1, 1928
O c t 1, 1927
Oct. 1, 1929
Jan. 1, 1905
Moll. 1, 1922
Mch. 1. 190C
Mch. 1, 1927
Sept. 1. 1901
Mch. 1, 1903
A ug. 1, 1905
A ug. 1, 1990
A p ril, 1923
Jan. 1, 1907
June 1, 1920
June 1. 1920
Feb. 1. 1922
Feb. 1, 1921;
K a n a w h a A H t c b l s a u . —(See M ap Toledo A Ohio Centr’d .)— Owns
AJOtr i i . R k i o r t .— F iscal y ea ren d s June 30. R e p ort fo r 1891-92 was
Corning. O., to M alden, Ac.. W, V a , 134 miles: trackage 19 m iles; In V. 35. p. 801. I t Is said that In the y e a r 1891-92 some #215,000 e x
total 153 miles, o f which 11 m iles leased to Tol. A Ohio Cent.
pended fo r Im provem ents w as Included In op eratin g expenses.
H is t o r y . B tc .— Foreclosed March 1. 1890, and reorganized. (V . 50.
Year end. Ju n e 30.
1889.
1890.
1891.
1892
PP- 431, 483.)
In October, 1890, a large interest in the stock was Gross ea rn in gs.............. #4,545.567 #4.937.431 #1.703.142 *4,991.278
acquired by pa rties Interested in the T o led o A Ohio C entral, which N e t earnings..................#1,518,057 #1,550,786 #1,313.924 #1,356.603
company has guaran teed the liond*. principal and Interest. (See V. 52, Interest and n il-cell
994,537 1,042,549
1,068.846 1,111,614
It 165, 351.) A n extension o f 30 m iles from M alden to uimitli o f O auiey
H irer, where connection w ill be m ade w ith the Chesapeake A Ohio, U
Bal .ln c l. other lne.. #606.578
#569,161
#256,881
#244.959building, and sale o f bonds to pay fo r construction has been negotiated. D ivhlends p a id ...........
516,924
560,414
208,972
219,984
L a t u Y B * *31X06.—Ju ly 1.1892, to Mar. 31.1893 (9rons.) gross #273.
327.against 8239.311 In 1891-2; n e t.#03.36:1. against #7*1,211 ln y e a r
B alan ce...................... sur..#89,654 def.#2.747 sur.#17,909 sur.#24,97f.
ending Jane 30, 1892. gross earnings w ere #360,091; net. #110,233;
F o r 1891 92 paid deficits on the C urren t R iv e r KR . and the K a n * a »
«K U m #15,755; Interest on bonds, #36,227; oth er Interest. #2.83 4; C ity Clinton A Sprin gfield R R am ounting to #72.829 (V. 54. p. 4 1 0 .
etc., #10.000; balance surplus, #25,110
In !8 iK M )l. #342,- 730. 065; V. 35, p. # 5 4 , 8 0 1 ; V. 36, p. 240, 331.)
#15; net, #86.201. (V. 32, p. 165, 351; V .5A. p. 801.)
K a n s a s C i t y A I n d e p e n d e n c e A i r L i n e . —(See M a p .)— O per
K a n s a s C i t y A r k a n s a s A N e w O r l e a n s . — Projected from ate* from K an. C ity to Independence, M o , 11% m iles, o f which 6 m iles,
■Usspuil Stale line through Arkansas to l»u ls la n a S tate lin e 300 miles, a ffo rd in g en trance Into Kansas C ity , Is o v e r tracks o f K . C. A Suburban
o f which *5 m iles south from lla z e u graded ready fo r rails. C apital B e lt RU . O pened M arch I . 1892. In January, 1893, e n tire ca p ita l
stock, authorized, #6,000.000; Issued, #1 .OOO.OOO. M o rtgage Is for #6,
stock w as purchased by the K an sas C ity Suburban B elt Co — which sea.
000,000 a t 820.000 per m ile on road com pleted and equ ipped, but o f B lock paid In, #50 0 .0 0 0 ; par, #100.
Ibis #12,000 per m ile m ay be (and have been) Issued on roa d graded
ready fo r rails; trustees, the Farm ers' lo a n A Trust Co., Sent Y ork . 0.
K a n s a s C i t y A I n d e p e n d e n c e l i a p l d T r a u s l l , — Kansas City
O. 8tod dart. President. Offices at 18 B road w ay. .V. Y . and R a rtb o lo to Independence, Mo., 8 m iles; opened March, 1889. C apital Stocky
mew House. K. C.. London.
#1.000,000 M o rtgage trustee. C en tral T ru st Co. Ou Jan. 1, 1892, thebills pa yab le w ere #168,759. E arnings— In 1891 gross, #95,978; a c t .
K a n s a s l l t y H e l l . — From A rgen tin e to Washington Park. 10 m iles #41.740: Interest on bonds, #23,123.
M ortgage Is fo r #2.-500,000. Stock authorised #2.500.000 (par #100|;
•atstandm g #100.000 Ii«.r g l i s i . ; ow u.sl o n e half by Atchison Topeka
K a n s a s 4’ l i y H e m p h l s A B i r m i n g h a m . —O w u i from Memphis*
A Santa Fa and three-tenth* by Kansas c it y F o rt Boot! A Mem phis and to Birm ingham , A la., 253 miles, and branches to A berdeen . Miss., a n A
two-tenth* by Chicago M ilw aukee A St. Paul. Double-tracked and used Bessemer. A la.. 23 miles; total, 277 m iles; com pleted In Ootober, 1887.
fur s term inal road a t Kansas ( I t ) '. In 1891 92 gross earnings w ere
St o c k . T r x v v io UO x h a XTV, E t c .—T he stock la #3,950,000; par, #100
•308,29- ; net. #114.909; Interest. #116,244; balance, .leflcit, *12)35 T lie Kansas C ity F ort Beott A Memphis ow ns h a lf the atook and g iv e * a.
K a n s a s C i t y B r i d g e A T e r m i n a l . —Both the T erm in a l property trattle guarantee o f 10 per cent o f gross earn in g* d erived from bus!He
and the C. K . C. A T. KR . Co’ s. 20 m iles o f read w ere sold in foreclosurr re and from tlda read, to be applied to Interest.
Feh. 4, 1893. Bee V. 56, p. 24 6; V. 55, p. 1034.
B ogus.— F irst m ortgage bonds are subject to c a ll at 110 and in terest.
It
K a n s a s C i t y C l i n t o n A S p r i n g f i e l d . —O w n . from Cedar Ju n e N ew England Tru st C om pany tru stee: abstract. V. 40, p. 575.
Bcptcmber. 1891. fiv e first m ortga ge coupons beginning Septem ber 1
Mon, Kan., to Ash G rove, Mo., 161 miles, and branch to Pleasant III11,
w ere funded Into 10-year 6 per cent notes, scoured b y the coupons
Mo., 10 m iles ; tota l. 174 miles, bu t on ly 103 m iles operated.
deposited In trust. Th e equipm ent loan * are both guaranteed by th is
Stocks, Etc. - B u ilt In Interest o f Kansas C ity F ort Hoott A Memphis O x , and are redeem able on notice a t 110 and Interest.
RR., which guarantee* the bond*. Th ere a re #38.000 Pleasant H ill A
E tR K IK il* .-F r o m July 1 to Mar. 31. 1893 (9 m onth*!, gross #93 6,128 .
De Boto 7 per cents due O ctober I . 1907. stock authorized, *2.300.000;
agst. #915.510 In 1891 9 2 ; net. #195.282. a g .t. #224.330; In terest,
par. #100; Issued, #1 775,400. o f which o n e h alf Is ow ned by the Kan
•re City P o rt Scott A Memphis K R . due that Co. Ju ly 1.1892, #3-13,000. rentals. A c.. #343.334, agst. #327,936. tota l def., #148.072, agst. d e fic it
o f #103,407. In y ea r 1891-92 grossearti*. w e r e #1,174,372; n e t,#215,IlS tts rw i*.—From J u ly 1,1892. to March 31. 1893 (9 m ontbsl. gross 591; tota l net, a fte r a ddin g truffle gu a ran ty, #236.477; charges, Includ
n r a l n j s . c n #263.8.51, a g a in .; #2372)33 In 1891 9 2 ; net. #94,366, in g fu ll am ount o f Interest on first m ortga ge bonds, which has.
against #71.748 ; charges. #122.745: balanc e, deficit, #28.379.
been funded till Septem ber, 1893, #440,071; balance, deficit, # 2 0 3 ,5 9 4 .
A v a iu i. R r.ronT.—Fiscal y ea r ends June 30.
lu 1891-92 gross Bee V. 53, p. 234. (V . 98, p. 1 8 6 , 289. 325; V. 55, p. 2.54, 136.1
ja re ln g .. 8317..V13; net. #06.687; Interest, #16:1.74.1: d e fl.lt. #68.056
K s u u . C i t y P i t t s b u r g A t . n I f , — ( . 9 , M a p .)— O perates read)
to 1880 fl l gross, #385.622; net. *110.367. V. 36, p. 246.
from Kansas C ity to Pittsbu rg. Mo,, 130 miles, o f w hich 112 m iles from
K t n u . C i t y F o r t S c o t t A t l e m p t i l * . —Owns m ain line from G rand V iew to Pittsbu rg arc ow ned, and the rem ainder op erated under
KansanCIty, M o., to Memphis. Tenn.. 483 m ile*, w ith branches. 186 lease. E xtension o f 2.5 m iles under construction to J op lin . Mo., w h ere
m U « ; total ow ned. 671 miles; leases C urrent R iv e r R ailroad. W illow connection w ill be m ade w ith the Kansas C ity F ort Sm ith A Southern,
Bprtogs Mo , to Cairo, 81 m ile*; tota l operated, 733 miles. A ls o o w n . ^recently acquired |w hich run* from Jop lin south to 8ulphur Hprtugs.
OBAhall the capital stock o f the K »n *a e C ity Clinton A Springfield and 50 miles. T im- T e xa rk an a A F ort Sm ith, 26 m iles lu length, has -(M s
®* "he K ansa- C ity Mem phis A Birtnlngliam RR . i w Ils u r nitn paalm ); been purchased, and w ill form pa rt o f m ain line to G u lf o f M e x ico .
also 300 shares Kansas C ity B elt and #942.000 Current R iver.
G rad ln g In progress tow ards Fort Bmlth. A rk . C ongress has gran ted
rig h t o f w a y In Indian T e rrito ry . Stock authorized. #25,000 p e r m ile
©■OAKIZATtov —Form ed In A p ril. 1888, by consolidation o f the K an
C. IT. Beott A G u lf and Kansas c it y Hprlngfleld A Memphis railroad. par, #100. F irst m ortga ge bond* a t #2.5,000 p e r m ile w e re a u th orized
in A p ril, 1893, Interest on which fo r first fo u r years w ill oo p a r a b le
The Kan. C ity A Memphis R a ilw a y Bridge was com pleted ill .May. 1892.
only If earned.
M o rtgage c o v e r* equipm ent. N ew Y o rk office, 3 6
,
reimmon stock since 1881—In 1882. 2 per ce n t; In (Vail Street. (V . 55, p. 297; V. 56, p. 668.)
1883. 3 : la 1884. 5 % : In 1883. 3>*; In 1 8 6 6 .4 ; In 1887, 4 % ; In 1888.
K a n s a s C i t y A P a r t i t e . — L in e o f road, F a o la to Stevens, 130dvi i .
• '• tn 1890, 3 % ; In 1891. Febru ary, 1 ; none since.
Dividends on preferred ulnre 1 8 8 »)-In 1 8 8 1 . 8 % ; rroin 1882 to fe b - miles. Form s part o f the Missouri Kansas A Texa s m ain line to Kansas.
City, h a vin g been leased to that com pany fo r 999 years from A u gu st 1 ,
niary, 1801, both Inclusive, a t rate o f 8 per cent y ea rly; In 1892. Feb
8 p. e.; In F ebruary, 1893, 5 per cent, iV .3 5 . p. 801.)
1890. Th e lessee guarantees interest on the 4 per cent bonds (set- g u a r
_B ow ps. C oder the consolidated m ortgage (trustee N ew England Trust a n ty V. 56, p. 095), and If p rior to Aug. 1,1805, 30 per cent, and th ere
a fte r 33 per cent, o f the gross earning* shall ex ceed tho Interest on th e
uampany o f Boston) sufileient bond* are reserved to provide fo r all
OTWr bonds when due. Th e F ort BcoU Boutheastern A Memphis, Rich bonds, taxes and corporate expenses, the am ount o f such excess (a lt
H1U and Bhort Creek A Joplin reads have a sinking fund w ith which advances b y Missouri Kansas A T e x a s h a rin g been settled) Is to be p a id
to the Kansas c it y A Pacific. Soe V. 51, p. 457. Stock is #2.500.000.,
* * 1 ,0 >nr. If notolTered. are draw n at 10.5 (o f these
ooewis #23i>.000 w ere on June 30, 1891, held a live In the sinking fund). o f whtch #1.725,000 Is ow n ed b y M. K. A T. (V. 51, p. 457, 491 :
T o e Current R iv e r RR. bond* a re guaranteed. Bee V. 44, p. 246
K a n s a s C i t y S t. J o s e p h A C o u n c i l H i n d s . —O w ns from K a n
Tho Kansas C ity A Memphis R a ilw a y A B ridge bonds are guaranteed •as C ity to Council Bluffs, 197 m iles, branches 58 m ile s ,p r o p r ie ta r y
by endorsement as to principal and interest and are subject to sinking tines (N od a w ay Val. a n d T a rk lo Val. K R >.),61 m ile s ; to ta l operated, 31C»
Bind drawings, #9,000 le n d s y ea rly at 110. See V. .54. p. 410.960. The miles. Th e capital stock o f #5,262,000 was pu rchas'd by tlio C h ica g o
Kansas Equipm ent bonds are guaranteed, and the Issue is redeem able Burlington A Quincy | 1880. and the road is operated as pa rt o f t h a i
n
as a w hole » t a n y tim e at 110 and Interest, and is entitled to an annua) system. Consol*. Nos. 1 to 500, both Inclusive, have a p rior lien u n d e r
Mnhxng fund o f #12,00t), fo r which the bonds may lie purchased ton the m ortgage. In 1891 gross earnings w ere #1.892,785: net, *8 6 0 ,2 5 8 ;
g a q g P p jfr A W t t . A ls o guarantees #534,000 Kansas C ity B elt and #3.. Interest. #392,310; rentals, A c., *57,499; paid dividends, #388,950
192,000 Kansas C ity CUntonA Springfield bond*—see those companies.
K a n s a s C i t y S u b u r b a n H e l l , — (Bee M a p .)—This road e x te n d s
On Ju ly 1 , 1892. bills payable fo r #006.(170 w ere outstanding.
from Second Street and B road w a y around Kansas C ity, v ia the E a s t
L a r g e r K s n v ix o * .— F or 9 months ending Mareh 31 earnings w e r e :
B ottom s and the v a lle y o f the Blue and Brush Creek. I t p ro v id e e
• J L ^ !” ****
Gross earns.
Set tarns.
hit..rent.,de.
Balance.
term inal fa cilities fo r the railroads cen terin g at Kansas C ity, and
i ’S t i - ■■
#4,017.674
*1.165.010
#823.259 *ur.#341,752 furnishes quick tra n sit from the m anufactu ring suburbs a lon g th o
1891-2
.
3.865.317
1.144337
837.428 siir. 307.910 Blue V a lley. B y recent extensions, and in connection with the U m o u
S'
"
72
I
m
m
K
g X i
J m m
INVESTORS’ SUPPLEMENT.
M A P OP THE
KANSAS CITY SUBURBAN BELT R. R.
[vQ lvi,
U
KANSAS CITY & INDEPENDENCE AIR LINE
THE UNION TERMINAL RAILROAD.
S h o w in g T o p o g r a p h y a n d R a ilro a d
E n tr a n c e s o f th e C ity.
_____
May, ISf 3. J
KALLROAD STOCKS AND BONDS.
73
S u b «c r ib c r « w i l l r o u fe r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t le e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s .
R A IL R O A D S .
on first page o f tables.
Kansas City Walk-ins d U u lf- -Is tm o r t., gold . . . e ‘
Kan. City Wyandotte d S . w.
Kan. City A B eatrice 1st m ortgage, gold, guar.i
Kearney d B la ck B ills —1st m ortgage.....................
Kentucky Central - See LOUISVILLE & N a s h v il l e .
Kentucky d In d ia n a B ridge— 1st m ortgage, gold..
Term inal honds.^gold.-------------------------- --------2d m ortgage, go).
Kentucky B id l'd —1st M .,$25,000p.m .,reil. a tp ar.e
Kentucky U nion—1st m orL lo r $3,000,000, g o ld .e
2d m ortgage. Income, bonds to r $1,300,000......
Keokuk d Dcs Ifo .— Preferred stork, 8 per ce n t___
Keokuk d Western— Common stock.......................... .
Kinderhook d B u d son—1st m ortgage, g o ld .............
Kings County JSIeealcd—Stock...................................
1st m orL, gold, series " A , " $550,000 per m i l e , o'
2d m ortgage ($7,000,000! g o ld ,$550,000 p. m ..e ‘
do
o f 1893.
Xan-eum illa tive 6 p. e. Incomes fo r $1,125,600
Kingston d Pembroke—1st M .,gold.(redem . at 105)
Knarr. Own. O a pd L ou is—l e t m ortgage, g o ld — c
2d m ortgage, gold ................................................e*
la k e Brie A llia n ce .t South.—lstM .for$1.250,000.c*
Pref. stock, 0 p er cent (not cam .) ($20,000 p. m ).
1st m ortgage. ($10,000 p e r m ile) g o ld .............. C
2d m orL, for $3,625,000 ($5,000 per m ile) g o ld .e
Lake Roland M e ta le d (B a h .t—1st M. gold
Bonds—Prints
IN T E R E S T O R D IV ID E N D S .
D ate 1Size, or
pal,W hen Due A m ount
of
i Par
of
R a te per Wlien W here P a y ab le, and by Stocks—Laat
O utstanding
Road. B ond* Value.
Cent. Pa y a b le
W hom.
D ividend.
100
134
20
66
2
92
92
162
162
148
17
6
6
6
6
6
3%
113
70
70
36
36
725
725
725
725
1890
1888
1889
1881
1886
1889
1890
1888
1888
1890
....
1878
1889
1885
1888
1890
1893
1889
1893
1882
1888
1889
1887
1887
1887
1891
1892
9A £
$A A
500
—
1,000
1,000
1.000
100
100 Ac.
100
....
100
1,000
1.000
1,000
$1,400,000
3,750,000
400,000
(.)
5 g. J. A J. X. Y . Office, 2 W all St.
5 g. J. A J.
In default.
In default.
5 g- J. »fc J.
Boston, Am . Loan A Tr.
Jan. 1, 1930
Jan. 1, 1938
J u ly 1, 1939
1,000,000
5 g- M. A 8. N\Y.,B'k o f Com.jLouis.
do
400.000
5 g- J. A D.
do
600.000
5 g. A . A O.
J. A D.
300.000
L ou isv ille, K y .
6 gN. V. A F rankfort.
6
F. A A.
(1
1
2,500,000
5 g. J. A J. Jan., ’ 91, eou p .lastpaid
800,000
6
J. A J.
1,524,600 Bee text. See te x t X .Y . Office, 68 Broad St.
2,750,000
5
A . A O. N. Y .. 13 W illia m St.
4,000,000 2 p e r an. A. A 0. N. Y ., Cuyler, Morgau
375,000
6 & J. A D. N. Y ., A tla n tic T r. Co.
•
3.2.50.000
3.377.000 5 g A 6 J. A J. N. Y ., A in. E x . N a L Bk.
See te x t.
5 g. A . A O. Cnt. funded till Oct., ‘ 94.
434,700
6
A p r il 1
N ew York.
See text.
do
do
5
1.979,000
5 g* M. A 8. N . Y ., A m . E x. N at. Bk.
M ar., 1911
Deo., 1916
A p ril, 1919
June 1, 1920
A ug. 1, 1918
J u ly 1, 1928
J u ly 5, 1920
M a y 1, 1893
Oct. 1, 1923
A pr. 1, 1893
Deo. 1, 1909
1,000
572,000
6
1,000
1,650,000
5 g.
1.000
500,000
6 g1,000
366,000
6 *
1,000
1,669,000
6 g.
100
11.840.000
11.840.000 See text.
100
1,000
7,250,000
5 g1.000
1,500.000
5 g.
1,000 1 1.000,000
5 g.
J.
J.
A.
J.
A J. N .Y ., R. P. F lo w e r A Co.
A D. June '92 coup, last paid
A O.
A J.
Jan. 1, 1925
A pr. 1, 1938
A p r. 1, 1900
Mch. 1, 1929
Jan.
June
O cL
Jan.
Jan.
1,
1,
1,
1,
1,
1912
1928
1919
1917
1917
Q .- F . X. Y . Office, 80 B r'd w a y M ay 1 5 ,1 8 9 3
J. A J. N. Y ., Chase Nat. Bank. Jan. 1, 1937
J A J.
do
do
J u ly 1, 1941
M A 8.
B altim ore Office.
Sept. 1, 1942
K i n g * C o u n t y E l e v a t e d . —O w ns road In op eration through
T erm in al R a ilroa d , now under construction In Kansas C ity , Kansas,
this road also reaches the W est Bottom s b y a system o f viaducts, and Fulton stree t, B rooklyn, to fo rm er c ity line, 6-14 m ile * ; leases Fulton1
here makes direct connection w ith e v e r y road rn tertu g Kansas C ity K leva ted , In operation from fo rm er city lim it* to esisterly lin e o f
from the northw est, w est and southwest. On Ju ly 25, 1892. consoli Montauk A ven u e, 1% mUes; projected to Jam aica, Kb miles.
dated w ith the consolidated Term in al R a ilw a y Co. o f Kansas C ity,
SHOCK.—S tock authorized and outstanding, $3,250,000 (par, $100.>
and In January. 1893, honght the en tire capital stock o f the Kansas F ader plan Iwlow m entioned a m a jo rity o f stoek w ill l>c vo te d on by
O t y A Independence A ir L in e Com pany— which see. (V . 53, p. 995.) A ugust B elm ont. J. H. F roth in gh sm , Jam es Jourdan, E. A . A b b o tt and
Mock. *2.750,000—par $100. Tru stee o f the Suburban Belt m ortga ge J. ft. C arter aa readju stm ent trustee*.
Is the Missouri Kansas A T e x a s Tru st Co., o f Kansas C ity. From
Bo m s *. —Interest on second m ortgage bonds fo r three yea rs en din g
Jan 1 to Feb. 28 .1 8 9 3 (2 m outhsi, gross earnings $30,193, against
j O et. 1. 1892, was funded Into scrip, and In A p ril, 1893. since cash
$8,287 In 1892. K . Y . office, 36 W all e tr e e L (V . 55, p. 995.,
Interest w as not y e t being earned. It w a » proposed to exch an ge oneK a n s a s C i t y W a t k i n s A 6 n l f . - f S « B a p . ) —Com pleted In 1892 third ($1,125,600 out o f $3,377,000) o f the second m ortg a g e bonds fo r
from la k e Charles, La., n ortherly to A lexa n d ria . 10O mites. Surveyed 0 per ren t non-cum ulative Incomes, and to fu nd tw o years’ coupons
SO miles n orth w esterly from A lexa n d ria and also projected from from the itnexcbsngcd bonds Into scrip secured by the coupons In
soatbem term inus to Cnlneteu Pass on G u lf o f M exico, 23 miles. trust. A portion o f the su rrendered bonds (aliout $250,000) w ill be
Bee V. 34, p. 761. A t A lex a n d ria road connects w ith Houston CenL sold to pay floatin g debt. It Is also proposed to con solidate the F u lton
Arkansas A N orth ern (Missouri P a cific!, m aking through lin e to St. and K in g s County com panies, b rin gin g the F u lton road under the
Louis and points north ; also w ith T e xa s A P a cific fo r N ew Orleans and K in gs C ou nty 2d m ortga ge. On A p r il 21, 1893, there w ere on ly about
the West. Bonds Issued at $13,000 per m ile, but this m ay be Increased TOO una.» - nled bonds. Sec V . 56. p. 538, 668.
to $20,000 fo r fu tu re requirem ents. M ortgage trustee. F arm er*' Loan
O f the K in gs C ou nty 1st m. $200,000 are 6 s : trustee Is M ercan tile
A Trust Co
s to rk authorized. $10,000,000 par $100. Israns and Tru st Company o f N ew York. (See alm tract o f first m ortgage In V. 49,
MU* payable Jan. 1, 1893. 817.172. From N ov. 1 to Dec. 31. 1892, p. 237.) The Fulton E leva ted R ailroad la leased fo r 99 years, and Its
0 W earnings. $29,088; net. $10,388. J B. W atkins. President. No. 2 bonds guaranteed, principal and Interest. B ills payable w ere $308,667
W all Street. N ew Y ork. (V . 34, p. 523, 761; V. 56, p. 164.1
Ju ly 1,1892. against $133,000 J u ly 1.18 91.
L a t r s t E a k n ik o *.—F o r 6 m onths en d in g Dec. 31 earnings w e r e :
K a n s a s C ity
W y a n d o tte A
N o r t h w e s t e r n . — R ood from
Kansas C ity to B eatrice, Neb., 175 m ile*, o f which Seneca to A x te ll. 10
A X earns.
In i., tares, etc.
B a la nce.
6 months— Cross earns.
mile* and V irgin ia to Beatrice, 14 m ile* are trackage, and 20 mllea. 1892................ $156,808
$183,897
$224,290
dcf. $40,393
Snmniertb-M to V irgin ia, are ow n ed by Kansas c it y A Beatrice. 1891................ 418,333
142,274
100,625
stir. 41.649
Branches, 17 miles. T ra ck ag e to C arbondaie, 43 miles. T o ta l. 233 mile*.
A v x ua l R epo rt .—Fiscal y e a r ends June 30. Annual statem en t fo r
Receiver was appointed In 1890. Foroelosnro sale ordered fo r June 1891-92. wi t h balance sheet, w as In V . 55, p. 421, sh ow in g gross earn
12, 1893. Mr. J a r Gould I* said to have a cquired a m ajority ing# $879,897; iic l $320,270; Interest on bonds, $187,016: oth er
Interest in both stock and bonds. R eceiver's certificates outstanding, Interest, $30,717; taxes, etc., $39,964: surplus fo r year, $62,573. Its
car trusts, claim s In litiga tio n , etc., a ggrega te about $ 1.223,000. See 1890 91 gross, $811,069. President, Jam es Jourdan. (V . 5-1. p. 204;
V. 56, p. 501. K corgsn Ira Con plan o f M arrb, 1893, In V 56, p. 501
391, 924 ; V. 63, p. 121 ; V . 56. p. 83, 501, 538. 668.)
Stock Issued, $2,973,000; par. $100- From Jan. 1 to A p ril 30, 1893, >4
monlhsi. gross earnings w ere $ 1 13.505. agn tn .t $113,377 In 1891 92.
K i n g s t o n A P e m b r o k e . —O w ns from K in gston , O ntario, Can., to
R en frew on the Canadian Pacific R ailroad, 104 miles; branches. 9 m iles;
la the y e a r 1891-92. groas earnings w ere $343,881; deficit under op er
attng expenses, $22,586; taxes, $22,631. (V . 53, p. 880; V. 54, p. 889, tota l 113 miles. Bonds a re redeem able on notice at 105. In D ecem
1047; V . 53, p. 297, 8 9 6 ; V. 36, p. 601. 792 >
ber, 1992, com pany w as proposin g to lssne 5 per cent first p referred
bonds. Com pany received n early $1,000,000 In m unicipal I(onuses.
K e n t u c k y C e n t r a l .—* ce b o r o v i L U A N a s h v il l e .
R eport for 1899 In V. 30, p. 390. Stock. $4,500.000; par, $50. Gross
K e n t u c k y A I n d i a n a B r i d g e . —Owns steel ca n tilev er bridge earnings, 1890. $178,864: net. $44,435; surplus ab ove ch arges,
e v e r the Ohio R iv e r at la ra isville and 5 m iles o f railroad between $6,965. In 1889, gross. $182,975; net. $48,363; surplus o v e r Interest.
T o n llliU e . K y .. and N ew A lb a n y . Ind.. and 5 m iles o f belt line Id $14,043. See fu ll statem ent in V. 44, p. 402. (V. 50. p. 390.1
L ou lsvU le; operates N ew A lb a n y B elt A T erm in al R K .. 2 m iles;
K n o x v l l l c C u m b e r l a n d G a p A L o u i s v i l l e . —K n o x v ille ,T e n n .,
also own * and op erate* the D u lls v ille A N e w A lb a n y F e rry Co. and the w ith tunnel at Cumberland Gap, to I . . A N at M lddlasboro, 74 m lle a ;
N ew A lban y S treet C ar Co. Capital stock $1,700,000 Ipgr $100). The branches, 7 m llea Consolidation w ttb the M arietta A N orth G eo rgia —
City o f N ew A lb a n y , Ind., guarantee* the 1st m ortgage. In 1890 1 gross which see—was p ro p o sa l In Decem ber. 1892. D efau lt on 1st m ortg a g e
earning* w ere $173,574; net, $103,324 ; Interest, etc., $100,831.
coupons occnrrod D M am ber 1,18 92. and C larence C ary was m ade r e
ceiver. M o rtgage trustee Central Trust Ce. 81oek a u th o r lte d : Com m on,
K e n t u c k y M i d l a n d . —Own# road F ran k fort, K y ., to Paris, K y .’ $1,575,000; p re ferred , $1,380,000; par. $ 1 0 0 ; paid In $2,730,000.
40 miles, com pleted in 1890. E xtension s projected, stock authorlted. E a r m v o s .— In y e a r en ding J u n r30, 1891, gross earnings, $162,052;
$1,250,000 F irst m ortgage Is fo r $5.000,000. trustee. C entral Trust Co. net, $36,652 ; Interest, $54,000 ; taxes, etc., $6,928 ; balance, d e fic it,
The sinking fund m ay purchase the bonds a t o r below 103. o r draw $34,275. N ew Y o rk office. 59 W a ll Street. (V . 55. p. 1078.)
Ing them s i par i f unpurchasable.
L a k e E r i e A l l i a n c e A S o u t h e r n . —O w n* from B ergbolx, O.. t *
K e n t u c k y I n l o n . —Owns from L ex in gton . K y ., to Jackson, K y., A lliance, O., 3 6 miles. H lsT O R T .— Sold In foreclosure Decem ber, 1886,
about 92 mile*. In F eb ru ary. 1891. Mr. I L F . K ean , o f N ew Y ork , was and reorganised.
In January, 1891, the portion o f the road ex te n d in g
appointed receiver. R e ce iver's certificates fo r $125,000 w ere issued
from A llian ce to P h ala n x. 24 miles, w as sold In foreclosure under
la December, 1892, road w a* ordered sold In foreclosure under first the old A llia n c e A Lake E rie m ortgage, and turned o v e r to the A llia n c e
mortgage See V. 36, p. 1078. C apital stock Issued, $3,000,000 ipar, A N orth ern R ailroad Co. B ro ck (s $3,000,000; par, $100. Bairns,—
*10O) Th ere w ere also $57,000 car trusts. (V . 55, p. 146, 938, 1078.)
F irs t m ortga ge 1* fo r $1,250,000, and the bond* unissued are reserved
fo r extension * at $25,000 per m ile. E a r r in g s .—J anuary 1 to Mar. 31,
K e o k u k A D c s V f o l l i e s . —O w n* from Keokuk, la ., to Dee Moines
1893 (3 m onths), gross earnings, $22,724, against $19,815 In 1892; net
la.. 162 miles. le a s e d fo r 45 year* from O ctober 1,1878, to the Chicago earnings, $5,086, against $3,387. In 1892 gross, $83,669; net, $20,768.
Rock [aland A Pacific Railroad, the lessee to pay 25 per cent o f the In 1891, gross, $75,087; n e t,$ 1 4 .1 4 l. (V . 52. p. 164; V. 53, p. 58.1
gross earnings, but guarantee* the Interest (not the principal) on the
L a k e E r i e A W e s t e r n f l a l l r o a d . —( Bee B a p .)—Owns from Sanp resen t bonds. The stock Is $1,324.000 8 per eent preferred and $2,600,400 summon Ipar o f both $100), a m ajo rity o f which I# held b y the lessee, dnsky, O.. to Peoria. HI., 420 m iles, and branch to M inster, 10 m iles,
surplus fo r yea r 1891-92 Was $21,221, aga in st $8,525 in 1890-91. Indianapolis to M ichigan C ity. 162 m iles ; F o rt W ayne to C on n o rsvllle
Total cash surplus to 8 ep L 3 0 .1 892 . $36,619, from which paid d iv i and branch to Rnshvllle, 133 m ile * ; tota l, 725 m ile s .o f which 691 steel.
dends on preferred In M ay. 1893. o f $2 40 per share,
H is t o r y , E t c .—Com pany form ed In 1887 a fte r foreclosure (on D eo.
14,1886.) o f the Isrks Eric A Western R a ilw ay. In Mar., 1887, pu rchased
K i n d e r h o o k A H u d s o n . — Kinderhook to Hudson, N. Y „ 17 the Indianapolis Peru A Chicago Road, 162 miles, and In June, 1890,
mile*, stock, $170,000; par, $100. M ortgage trustee, A tla n tic Tru st Co acquired the F ort W ayne Cincinnati A Ixm lavUle. (Boa CHRONICLE, V .
K e o k u k A W e s t e r n . —O w n * A lexa n d ria , M o „ to Van W ert, !«.• 50. p. 590.) T h e term inals a t Indianapolis, P eoria, F o r t W ayne and
113 m iles; operates to A lexa n dria . 5 ro,; sold in foreclosure In 1886, N ew C astle are operated p a rtly under lease.
and reorganised.
D i v i d e n d s — On preferred stock—In 1890,4 p e r c e n t ; in 1891,4
in
M o m o s o s K o r n —A 6 per eent note fo r $200,000, secured b y m ort I 1892, 4 \ ; in 1893, Feb., 1 it p. c.; M ay, l ' i p . c.
P r ic k o y BTOCK—Com m on stoek In 1887,13 ® 2 4 L j ; In 1 8 8 8 ,1 2 8 i »
gage, payable nt w ill, is outstanding. D m ix s a p s — In 1888. 1 per eent;
in 1 8 9 1 ,2 ; In 1892, A p ril, 1 ; Oet., 1: In 1893. A p ril. 1 p e rcen t.
19%; in 1889. 16 a'20% ; In 1890, l O ^ a l O 7
#; in 1891, 1 2 ia ® 2 4 i«;
E a r s in oa —From Jan. 1 to Mar. 31.1893, (3 m onths), gross $97,158 In 1992. 2 0 ' a « 274» ; In 1893 to M ay 19 Inclusive, 1 0 V A 2 5 V
Preferred stock.— In 1887, 3 9 1 1 *6 1 ; In 1888, 40>i® 557a ; In 1889,
Against$106,178 In 1892; n e t.$39.775 ,against $45,931. In 1892gross
earning* w ere $407,151; net. $1352173; Interest. $12,710; taxes. $18,- 5 1 8 *9 6 6 Vs; In 1890, 4 4 * 6 8 ; In 1 8 9 1 ,53 97 0; In 18 92 ,69>4®80; In 1893,
4..1. construction and eq u ipm en t,$15.5*70; p rin cip a l o f note, $10,000; to M ay 19 in clusive 67M 982.
dividends, $-*1,000; balance $2 3 9 : balance Jan. 1, 1892, $-11,276; b a l
Bo n d s .—A bstract o f first m ortgage (Central Tru st Com pany and A . L .
ance Dec, 31,1892, $11.51.5 In 1991, gross, $114,274; n e t,$160.059. Mason, trustees), In V. 46, p. 45; o f 2d m ortg a g e (Cent. Tru st Co. o f N. Y.
G. H f andee. 52 Wi lliam street. N Y „ Vice-President. (V. 54, p. 5 2 4 ; and R o b t C . B o lio f Ind., trusteesi, tn V. 54, p. 444. In 1892 $850,000
V. 36, p. 163 i
second 5s w ere Issued.
INVESTORS’ SUPPLEMENT.
71
A
WA TK INS & GULF R’ Y
A N D C O N N E C T IO N S.
-«
BBSS'*' - l l
nW *S
gH
o New/saiem
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Mounter
Tirapeon
M AP OF TH E
KANSAS CITY.
WATKINS & GULF
RAILWAY.
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Rookford r BelTldwre
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Uncoil
CUytorKa
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RAILROAD
STOCKS A±ND BONDS
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RAILROAD
INVESTORS’ SUPPLEMENT.
76
[VOL. L Y I,
S u b s c r ib e r * w i l l c o n fe r a K r e a « fa v o r b y g i v l n e im n ie d la t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le * .
Bonds—Prin ci
IN T E R E S T O R D IV ID E N D S .
pal, When Due.
Miles D ate Size, or
A m ou n t
R a te per When W here P a y a b le, and by Stocks— Last
Par
of
of
F o r explanation o f colum n headings, Ao., see notes
Outstanding
P a y ab le
Whom.
Cent.
Dividend,
Road. Bonds Value.
on tlrst page o f tables.
________
R A IL R O A D S .___________________
L a k e Shore 1 M ich igan Southern—S took..................
1
G uaranteed 10 p e r cent stock ..................... ..........
Buffalo & Erlo lBt m. (B u ffalo,N .Y .,to Eric, P a .).0
L a k e Shore dlv. bonds (Buffalo to Toledo, O .)— c
Consol. 1st m ort.slnk.fm id $250,000 y ea rly.o A r
Consol. 2d rnort. (fo r $25,000,000), d o ........ c i r
D etro it M onroe A To led o 1st m ortgage, gu a r.. o
K alam azo A W hite P igeon 1st m ore, g u a r .......o
B at. Cr. A Stur. 1st M .,g.,gu a r. p. A U see M.Cen.)
Sturgis Goshen A 8t. L. 1st mort., g., p. A i. Soar.
K a l A llegan A Gr. Rapids stock, d p . o. g u a r.......
1st m ortgage, g u a ra n te e d ............. .
«
JameBtowu & Frank. 1st M. IL.8. o w n s $ 2 o l,000).e
2d m ortgage (L. 8. ow ns $482,000 o f th ese)---- c
M ahoning coal Btook............. - •- ........... .
P re ferred stook, guaranteed 5 p. c. Bee t e x t . ..
1st M.. Youngs, to A nd., etc., guar. p.A i.(en d ).o
L a k e St. (C h ic .) Elevated— 1st M. $0,500,000, gold.
L e a r. Top. <t S. ll'. - ls t M., ‘-2g u a r.b yA t.A iab yU n .P.
L eh ig h I Hudson River— 1st M .,g.,int.red’ o dto5 p.c.
W arw ick V a lley l s t A 2 d Ms. ($240,000*2ds,i912)
W aw ayan da RR . 1st m o r tg a g e .. . . . . . . . . . . . . . . . . . .
Leh. A Hud. R iv e r Con.M .for $3,000,000,gold, .c '
L eh igh Valley—Stock ($106,300 is 10 p. e. p r e f.)...
1st m ortgage, coupon and reg istered .....................
2d m ortg a g e.............................. ............................. r
Con. M., sterling, g.,s.f.2 p.o.y’rly , dr’n at par.c&r
do
coup, and regie., $5,098,000 are 4>a8.c&r
do
annuity, $2,202,000 are 4*23..............
CONTINGENT LIABILITIES te h .V a l. o f N .Y ., Is t M ., g old.gu . p. & i.(e n d .)o '* r
Leh igh Val.Term 'l 1st M. gold.gu ar.p.A i.. end.cLfcr
$ 10 0 $49,466,500 See text.
533,500 10 p e r an
100
2,756,000
7
1868 500 &o.
88
1,355,000
7
1,0 00
258
186!)
15,389,000
7
1,000
864 1870
24,692,000
7
1,000
1873
864
1,000
924,000
7
1876
62
1,000
400,000
1890
5 g.
37
79,000
l.ooo
1889
3 g.
41
322,000
1889
3 g.
29
610,000 6 per an.
100
58
5
1,000
840,000
58 1888
298,000
1,000
7
1863
51
500,000
7
1,0 00
51
1869
1,500,000 See text.
50
43
661,850 5 per an.
50
43
1,500,000
5
1,0 00
43 1884
1,000
5 g.
7 *2 1893
(?)
1,380,000
1,000
4 g.
46
1882
800,000
5
1,0 00
41
1881
209,320
5
1,000
63
1887
385,000
6
22 ’79-’ 81 500 Ac.
65,000
6
1880
5*3,000
5 g.
1,0 00
63
1890
40,441,310 See tex t.
50
5,000,000
6
1,000
10 1
1868
6 ,000,000
1,000
7
1870
10 1
1,0 0 0
1,631,000
6
285 1873
13,582,000 •Ue A 6
1,000
285 1873
1,0 00
7,718,000 4*2 & 6
285 1873
283
25
1890
1891
1,000
1,000
L a te s t E arnings .—Jan. 1 to M arch 31, 1893 (3 mos.), gross, $895,781, against $824,679 in 1892 ; net, $384,895, against $343,674.
A n n u a l R e po rt .—F iscal y e a r ends D ecem ber 31. A n n u al m eeting
is held at Peoria on tlrst W ednesday in October. A nnu al rep ort fo r
1892 was in V. 56, p. 6 6 6 .
Year end. Dee. 31.
1889.
1890.
1891.
1892.
G ross earnings..........$2,839,278 $3,074,438 $3,273,355 $3,558,482
$1,275,656 $1,447,897 $1,620,359
N e t eam ingB............. $1,116,249
332,750
363,771
434.667
In teres t on bonds---303,000
146,503
155,068
200,033
T a x e s and r en ta ls___
139,320
(4) 473,600 (4) 473,600 (5) 592,000
D ivid en d s................... (1) 118,400
15.000,000
1 0 .000,000
F. & A. N .Y .,G ra n d Cent. Office.
do
do
F. & A.
A. & 0 .
A. & O.
See te x t
J. & D.
C o u p o n s are paid
F. & A.
b y T reasu rer at
J. & J.
Grand Central
D.
D epot, N e w Y o r k J
J.
J. & D.
and registered inA . & O.
terest b y Union
J. A J.
Tru st Com pany.
J.
J.
J. & D.
F. < A. N. Y ., G rid Cent. Stat’n.
fc
j . N. Y ., U nion Tru st Co.
J.
J. & J.
do
do
J. & J.
N . Y . & Chicago.
j . & J. B oston ,A m .L ’ n &Tr.Co.
j . & J. N . Y ., N at. E xel). Bank.
J. A j .
do
do
A. & o .
do
do
j . & J.
do
do
J. & J.
do
do
Q.—J. Pliila., 228 So. T h ird St.
J. & D. Reg.atoffice; cp.B k.N .A .
M. & S. P liila . Of., 228 So. 3d St.
do
do
j . & D.
J. & D. R eg. at officejcp.Bk.N. A.
J. & D. P liila ., O f.,228 So. 3d St.
Feb. 1, 1893
Feb. 1 , 1893
Apr. 1, 1898
A pr. 1, 1899
Ju ly 1, 1900
Dee. 1, 1903
Aug. 1 , 1906
Jan. 1, 1940
Dec. 1, 1989
Dec. 1, 1989
Apr. 1. 1893
July 1, 1938
Var. to J 'ly /97
June 1, 1894
Feb. 1, 1893
Jan. 1, 1893
July 1, 1934
J u ly 1, 1928
Jul y 1, 1912
Ju ly 1, 1911
Ju ly 1, 1917
1900 & 1912
Jan. 1, 1900
J u ly 1, 1920
A p r. 15, 1893
June 1, 1898
Sept, 1, 1910
Dec. 1, 1897
Dec. 1, 1923
Irredeem able.
4*2g. J. & J. N .Y .,M eroh .N . B k.& Ph.
do
do
te
5 g. A. < O.
J u ly 1, 1940
Oct. 1, 1941
— (V. 53, p. 289, 793, 968; V . 54 p. 367, 742, 7 6 0 , 845; V. 55, p. 5,
21, 337, 895, 1078; V. 56, p. 375, 500, 7 3 3 , 7 5 1 .)
L a k « * S ire# *t ( C h i c a g o ) E l e v a i e d . —H as under construction in
C hicago a double-track ele va te d ra ilw a y on L a k e Street, from Market
Street to tlie W estern ei y lim its; also a sin gle tra ck loop frm n Market
Street, in the business centre, m ak in g a ltog eth er about 7 miles of
road. T o be equ ipped aud rea d y fo r op eration b efore N ov. 23, 1893.
St o c k , fu lly paid, $10,4 00,000. B onds— P ro v isio n has been made
b y the com pany fo r in terest on the bonds du rin g construction and for
the first, tw o yea rs th erea fter. T h e bonds are n ot to exceed $850,000
p e r m ile on road and equipm ent. F in a n cia l a g e n t ' and tru stees under
the m ortg a g e, A m e rica n Tru st & Savings Bank, Chicago; F arm ers’ Loan
(V Tru st Co., co-trustee, N e w Y o rk .
L e a v e n % v o rth T o p e k a Sc S. W . —Owns fro m L ea ve n w orth to
M eriden Junction, in Kansas, 47 m iles. O perated b y U nion Pacitic, its
stock t$ l.380,000) bein g ow ned one-half each b y Un. Pac. and Atch.
Topeka & Santa Fe. O f the bonds $690,000 are guaranteed by U. P.,
the balance by Atchison. Accounts pa y a b le w ere $981,035 Jan. 1.1893.
In 1892 gross $33,270; deficit from op eratin g, $30,73f% against $-13,149
iin 1891; d eficit under charges, $92,886, against, $105,857 in 1891.
L e l i t g l i Sc H u d s o n R i v e r . —O wns from G reycourt, on E n e Road
to B elvid ere, N. J., 63 m iles.
P ro p rie ta ry lin e—Hudson Junction to
M aybrook , N .Y ., on P . R. & N. E . (Pough. B ridge route) 11 m iles; track
age P en n sylvan ia R R ., B e lv id e re to P liillip sb u rg, 13 m iles; oth er m ile
age, 3 m iles; total operated, 90 miles.
In A ugust, 1888, the Central
or N ew Jersey purchased about one-third th e com pan y’s stock, and
this, w ith the stock held b y the Leh igh C oal & N a v ig a tio n Co., controls
the road. Car trusts, 6 per cent, $47,430. ^Jtock, $1,340,000; par, $100.
B o n d s .—T he gen eral m ortga ge fo r $3,000,000, (trustee, Central
T ru st Company o f N e w Y o r k ), c o vers the stock o f the p rop rieta ry line,
and $1,750,000 bonds a re reserved fo r p rio r bonds w hen due. Loans
and bills pa yab le w ere $295,913 D ecem ber 31, 1892.
L a t e s t E arnings .—J u ly 1,18 92, to M ar. 31 ,1 893 (9 months), gross
$367,714, against $279,039 in 1891-92; net, $120,861, against $134,213; surplus o v e r charges w as $19,161, against $32,913 in 1891-92.
In y ea r en din g June 30, 1892, gro>»8 earnings w ere $391,343; net,
$185,078; in terest on bonds, $109,630; oth er interest, $18,549; credit
item s, $5,199; balance, surplus, $62,098. In 1890-91 net. $113,435;
G rin n e ll Burt, Presiden t, 80 B roa d w a y , N . Y . C ity. (V.54, p. 289,
888; V. 55, p. 298 5 4 3 , 935, l 0 7 6 ; V. 56, p. 290, 836.)
Balance, surplus. $555,519
$322,803
$455,479
$393,659
B etterm en ts..............
$441,201
$223,256
$216,509
(?)
C alvin 8. B rice, N. Y ., Presiden t.—(V. 54, p. 4 4 3 ,4 1 4 ,5 5 9 ; V . 56,
p. 3 3 0 , 6 6 6 .)
L a k e B o l a n d E l e v a t e d (o f B altim ore, M d.) —O rgan ized to build
21 miles o f elevated road in B altim ore, Md. btoek, $1,000,000; par,
$100. M ortgage trustee, B alt. Tru st & G uarantee Co.
L a k e S h o r e A M i c h i g a n S o u I h e r n . —(See M ail New York Cen
t r a l <■Hudson R iv e r.)—Owns from Buffalo, N . Y-, to Chicago, 111., 540
£
m iles; branches, 319 m ile s ; tota l ow ned, 859 miles. Prop rietary lilies
(en tire stock ow ned) D etroit & Chicago, 68 m ile s ; D etroit M onroe A
Toledo, 62 m ile s ; K alam azoo & W hite Pigeon , 37 m iles; N orth ern Cen
tral (Mich.), 61 m iles; Sturgis Goshen A St. Lou is Ac., 36 m iles ;
total, 272 miles. Leases K a lam azoo A lleg a n A Grand Rapids, 58 miles;
Jam estow n A Franklin, 51 m iles; M ahoning Coal RR ., Y oim g stow n to
A n dover, 0., and branches, 50 miles; D etroit H illsd ale A Southwestern,
(w hich see), 65 miles; F ort W ayne A Jackson (w hich see), 98 miles. T o ta l
J a n . 1,18 93,1,454 miles; second track. 489 in.; th ird track, 7% m.
Or g a n iz at io n , A c.—A consolidation in Aug. 16,1869. M ahoning Coal
R R . is leased in p erpetu ity at 40 p. c. o f gross earns.; Lake Shore owns
$865,900 o f its com. and $399,500 o f its pref. stock. Th e N. Y . Chic. A
St. Louis (N ickel P la te) road has been controlled b y ow nership of
stook since 1882, Lake Shore now ow n in g $6,240,000 o f its comm on,
$6,275,000 o f its 2d p referred and $2,503,000 o f itH 1st p referred stock.
T h e company owns also (besides the en tire stock o f the prop rietary
lines) $2,000,500 Pittsb u rg A L a k e E rie stock and on Jan. 1,1893, $169,
100 comm on and $774,400 preferred C leveland Lorain A W heeling.
Ca p it a l Stock .—The stock has rem aiued a t $50,000,000 since
1871. T h e guaranteed stock o f $533,500 carries 10 per cent dividends.
L e h i g h V a l l e y . —M ain line, N ew ark , N . J., to B uffalo, N. Y ., 443
D ivid en d s .—On oominon stock since 1876; in 1877, 2; in 1878, 4; in m iles; branches to A udenried, Tom hioken, H a zleton , &c., 450 miles;
1879, 6 I3; in 1880, 1881,1882 and 1883, 8 per cen t each year; in 1884, Southern C entral R a ilroa d , 114 m ile s ; State L in e & Sullivan Railroad,
7; in 1885 and 1886, nil; in 1887 and 1888, 4 per cent; in 18SH. 5; in 24 miles. T o ta l system , N o ve m b er 30,1892,1,031 miles; second track,
337 miles. T ra ck a g e: P en n sylvan ia R a ilroa d, 50 m iles; N ew York
1890, 5 ; in 1891, 6 ta; in 1892, 6 *3 ; in 1893, February, 3 per cent.
Central o f N
21 miles. Com pany opened
P rice of Stock.—rn y e a r 1884, 59 13 3 110 4 4 1; in 1885, 5 0 % ® 897s ; Central, 15 miles;its ow n from ew Jersey, to Buffalo Sept. 1, 1892, and
a through line o f
N ew Y’ ork
tn 1886, 76%®1003s; in 1887, 89®98% ; in 1888, 85Lt®10478; in 1889, discontinued the r ia c k a g e o f 188 m iles o v e r the Erie. Ll A p r il, 1893,
9 9 % ® 1 0 8 L j; in 1890. 1 0 1 @ 1 1 4 i«; in 1891. l()5 ie x ® 1 2 7 : in 1892. t<» a void litig a tio n in N . J., perm ission v as sought fi om the Court to
120® 140*2; in 1893, to M a y 19, inclusive, ! : 8 :n‘a 13 1
8u ren d er possession o f the E aston & A m b o y and the L eh igh Valley
B o nd s .— I nterest on the consolidated 1 rst m ortgage is paid on coupoD T erm in al R R ., the E aston < A m b o y to op orate both. (V . 56, p. 711.)
1
&
(bomb .1. A J., on registered bonds Q.—J.
L ease.—In 1892 the Leh igh V a lley was leased to the Reading
The tlrst consolidated m ortgage (tends or the bonds p rior th ereto are
fo r 999 yea rs from D ecem ber 1, 1891, the R ead in g guaranteeing
redeem ed each y ea r Itj $250,000 contributed to the sinking fnud. Th e 1H p e r c e n t on the stock in Ju ly, 1892, 1*2 p e r c e n t both in October,
bonds outstanding are g iven tbove less the amounts held 111 the sinking 1892. aud .Jan., 1893, and th erea fter 1% q u a rterly (7 p. o. y ea rly), and
fu nds, which amounted to $5,500,000 Jan 1, 1893. c. P. A A 7s fo r
a greein g to turn o v e r to the com pany one-half the surplus earnings
$569,000 were paid in 1892 and $319,000 consol, 7s i-sued.
ab ove tlie guaranteed 7 per cen t dividends up to 10 per cent, after
M ahoning Co al .—Th e M ahoning Coal preferred stook certificates which the Reading to reta in a ll prolits. See Y . 56, p. 288.
'Contain a clause m aking them re leem a' le at par at option o f Com pany:
In F eb ru ary, 1S93. the R e a d in g w en t into re c e iv e r’ s hands on
but it is understood Ih e company wi l l not exercise the option. Gross aci-ouut o f a la rg e flo a tin g debt—see th at com pany, and m M ay. 1893,
ea rn in gs .11 1892 w ere $614,501, against $1 90 ,(20 in 1891; rental it was proposed that the ren ta l payab le to the Leh igh V a lley should be
$253,800; surplus o v er in terest and dividends (5 p. c. on pref. and 8 p e rm a n e iiily moditied, R eading to g u a ra n t«e dividends o f 5 per cent
o n com m on), $23,729. M ahoning common paid in 1889 4*3 11. c.: in per annum, payab le q u a rterly, and on Jau. 15 o f each y e a r to pay on
1890, 5; tu Feb., 1891,413; in 1892, Feb. 5 Li, Aug,, 3; in 1893, F eb .,5 p.c. the stock such additional d iv iie n d s up to 2 p e r cent, and ooe-uaif of
G e n e r al F inances , Ac.—This is one of the so-called Vanderbilt an y surplus, as m ay have been earned in the preced in g fiscal year.
roads. it lias a large business but Is greatIv dependent "n through Th e ab ove mouitt'-aiion to be bin ding on ly on the successful reorganitra ffic, nr traffic from competitive points. Dec. 31, 1892, expenditures tion or the Rending, aud to be on th e condition th at the earnings of
Jor equipment, etc., in anticipation o f 1893, amounted to $2,253,173 th e L e h ig li V a lley shall be k ep t separate from those o f th e Reading,
Nothing lias been charged to construction to- equipment account since aud th at th e roau and its earnings shall lie subject to the constant and
1883, tlie outlays therefor charged to operating expenses amounting in u n restricted su pervision o f the L eh igh V a lle y officials. See V . 56, p.
753. T h e A p ril, 1>93, dividen d was- 11* per cent.
1892 to $1,015,000, this being exclusive o f expenditures for renewals.
Co a l P r o p e r t y .—Th e Lehigh V a lley Coal om pany ow ns 22,723
A nnual R eport.—F iscal yea r cuds D ecem ber 31. Annual m eeting
is held the tlrst W ednesday m M ay, at C leveland. Th e annual report acres o f anth racite coal lands and leases 13,092 acres. I t also owns a
ifor 1892 was published in V. 56, p. 733, 751.
m ajo rity o f the stock in oth er corporations ow n in g 14,259 acres. The
Leh igh V a lley R ailroad Com pany ow ns 3,619 acres o f coal lands. All
M ile s o p era ted ........
1,410
1,445
1,445
1,445
the stock o f the Leh igh V a lley C oal Com pany is ow ned b y the Lehigh
T o t a l gross earnings $19,487,196 $20,865,76o $21,431,385 $ 2 “’ 41,5 882 V a lley R ailroad Co., but its $500,000 o f 5 per cent bonds due January,
<Dper. exp. A taxes. 12,847,452 14,220,481 14,632,675 15,8 3 J 9 0 1910, are not guaranteed by th at com pany. On N ov. 30,1892, the aurn
due from tlie > oal Com pany to the R a ilroa d C om pany fo r advances
N et earnings___ $6,630,744 $0,045,27: $6,798,710 $6,612,102 was about $11,500,000, and in F ebruary, 1893, a m ortga ge for
P .o .o f op .ex.tn ea r’gs
65*03
68*15
68*27
70*50
$12,000,000 o f 5 per cent g o ld bonds due 1933 w as file d to represent
N e t, incl. oth. Inc’me $7,022,285 $7,144,037 $7,254,333 $7,005,433 th is indebtedness. T h e Coal Com pany in 1892 sold 1,451,262 tons o f
R e n ta ls p a id ............
$507,645
$561.4 19
$557,153
603,546 coal. T h e stock o f the Coal C om pany w as n ot included in the Reading
In terest on d eb t......
3,245,015
3.225,7‘JH
204.370
3,201.710 lease, bee V. 56, p. 288.
D iv ld ’ s on guar. s’k.
53,350
53.3. ■!)
53.350
53,350
D iv id e n d s .—On com m on stock since 1880—In 1881,5*2; in 1882,6 *2;
3)2,967,u:*< >(6)2.967,990
in 1883 and 1884, 8 ; in 1885, 6 ; in 1886, 4 ; in 1887,4*2; from 1888
to Ju ly, 1892, both in clusive, a t rate o f 5 per cent y ea rly; in Dot.. I 1
*
‘Snr^lUH o v er d iv s ..
$742,050
$332,555
$171,450
$268,837 p e r cent; in 1893, Jan., 1*2 per c e n t; A p ril, 1*4 p e r cent. (8ee above.)
Mat , 1883.]
RAILROAD
STOCKS
AND
BONDS.
77
S u b s c r ib e r * w i l l e o u fe r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
RojuIs — P rin c i
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
Miles D ate Size, or
pal. W hen Due.
A m ou nt
Rate per When W here P a y ab le, and by Stocks—L a s t
of
of
Par
F or explanation o f colum n headings, A c., see notes
O utstanding
Road. Bonds Value.
Pa yab le
Whom.
Cent.
on first page o f tables.
D ividend.
leh la h T a l —(C o n .)— F e n n .A N .Y .—1st M. end.c-.sr 105 1866 $1,000
105
1.000
Penn. * N. Y.Gen.M ., #10,000,000. gU -p.AU end.)r
1888
1,000
60 1880
Easton A A m boy, 1st M .guar.Easton to P. A m b oy
1,000
1892
Delano Land Co. bonds, cold. guar. p. & i. (en d .).. . . . .
100
Morris Canal stock, l p. e., guar. 999 y ea rs..........
100
Preferred stock, l o | . c.. guar. 999 yean-..........
>
52 1886
1,000
LUehJteid C a rrot 1.4 Writ.— IstM .(#10,00 0 p.in .l.g.e'
1893
Consol- m ortgage (#15,000 p. in.)...........................
12 1891 100 Ac.
Little f a lls d JJodgetille.—I n m ortgage, c o ld ---- c50
Little M iam i—Stk. com., gu. 8 p. c. 99 yr«.P .C .A 3 t.L .
2 1864-8 l.ooo
Street con. 1st A 2d Ms. (jtly . w ith C ln . A I . K R .l.c
1882
1,000
Renewal m ortg a g e................................................. c
84
135 1887
1,000
Little Bock * Memphis—F irst m ortgage, g o ld ........ c
50
28
Little StA uylkill— s to c k ..............................................
50
Long I s l a n d s took .....................................................
94
500
1868
1s t m ortgage, main lin e ........................................c*
158
1878 100 Ac.
2d m ortga ge.......................................................... c*
180 1881
1,000
Consol. M. g. (#1.390,000 reserv'd fo r p rior b'dslc180
1888
1.000
General m ortgage, g o ld ........................................c*
M etropolitan P e rry C o .l at m ort-.gold. red. at 110.
1887 500 Ac.
1,000
L. 1. R R mort. on fe r ry fo r #2,750,000. g o ld .. .c*
1892
M ortgage bonds o f 1932 fo r $500,000, g o ld ........
1892
1.000
N ew Y o rk A Flushing 1st m ortgage, assumed —
2 1880
1,000
76
1.000
Brooklyn A Montauk 1st M., #250,000 are 6s...c*
1881
76
1,000
Second m ortgage, gold, assum ed.....................e
1888
23
1881
1,000
L a n g Island C ity A Flushing 1st M,. assumed c
18*7
1,000
23
L L C. A Flushing,con. m ort., gold, assumed c
1871
500
S e w Y ork A Rockasny- 1st m ort.. Int. on ly guar..
500
Smith to a n A P o rt Jen. 1st M.. guar. p. A 1. tend.)
1871
1,000
L .L R R . North Sh. Hr. consol.M #l,500,(S>0.guar.c | 1 9 > 1892
1,000
51
Los Angeles Term ina l —1st m ortgage, g o ld ..............
1891
1,000
112
Lou isian a Western— 1st m ortgage, g o ld ...................
1881
P r ic k OF 0TOC*.—Com m on. In Philad elph ia—in 1884, 5 7 * 7 1 7 ; in
«
1885, 5 4 4 0 6 1 ’* *; in 1886, 5 5 4 » 6 2 ; in 1887, 5 3 4 * 5 7 4 ; in 1888.
6 1 4 * 5 7 4 ; in 1889, 5 2 * 5 5 ; In 1890. 4 7 4 * 5 4 4 ; in 1 8 9 1 ,4 5 4 * 3 1 4 ;
in 1892, 50*4 3 6 2 4 ; In 1893 to Mar. 17 Inclusive, 4 4 4 9 6 2 .
BoirDS.—T h e consolidated m ort. o f 1873 (tru stee. F id e lity Insurance,
Tru st 4 8 .1 ). Co. o f P h lL ) fa fo r 640.000.000. o f which $12,000,000 are
reserved to retire $11,000,000 p rio r lien s w hen due. Th e bonds are
issued In th ree senes, o f which the sterlin g issue, “ class A .” is subject to
call at par In Increasing amounts each year. $2*5,000 being the amount
payab le In 1892. A second series is composed o f the “ coupon and reg
istered “ bonds, which a re not subject to ca ll, but which p rior to Nov.
13,1893, m a r be converted at option o f holders into bonds o f the third
senes, theme Last being annuity bonds and irredeem able, n e v e r fa llin g
due ex cep t in case o f default. A ll these Issue* are eq u ally secured.
U i n o H V a l l e r R a i l w a y C o M r o t r o r .V iw Y o r k . - O w ns road
from Buffalo. N. Y ., to Barra, Peon., 283 m iles double track. Stock all
owned by l^ h ig b V a lley JcA*. Tru stee o f m ort rage, G irard U f 9 Insur
ance Co , P h ila d e lp h ia ; abstract V. 51, p. 114. and V. 54, p 203, 965.1
L e m o n V a l l e y T e r m in a l R a i l w a y .—o w n s the road from South
Plaina**id, X. J., to Jersey C ity , w ith about 125 acres at Jersey C ity and a
U rge w ater fron t there and other property ; Us stock o f #10,000.000
is ow ned by the Leh igh V a lley RR. (Bee V. 33, p. 640, 880.> Central
Trust Co. o f N e t Y ork , trustee.
M o a iu * C a n a u — Incased fo r 1*99 years and divid en d s guaranteed.
Bund* ail ow ned by Leh igh V a lley . Canal no lon ger used as such, but
w a ter shed supplies city o f N ew ark w ith w ater, s e e V. 50, p. 137.
P b x n n y i .v a n ia A N e w Y o r k C a n a l A R a i l w a y .—L eased f o r 9 9 year*
from Decem ber I . 1888, to Lehigh V a lley , which has assumed Its debt
and ow ns all Its stock, G eneral rnortg. iM»nd* o f 1889 (trustee. Girard
L ife fnsuranre Co.) a re reserved to take up p rior bonds w hen due.
L a t e s t E a r * m o *.--Dec. 1, 1892, to Feb. 28, 1893 (3 m onth*), gro**,
#4,399.170, against $4,331,014 In 1891-92; net. #1.078.649. against
#795,040
For 11 months en din g O ctob er 31.1 992 . gross #16.735,274,
against #15,390,116 in 199091; net. $1,404,999, against #3.476,096.
A j m d a i . R artiR T.—T h e fiscal y ea r ends N ovem ber 30. The b rief report
fo r 1891 92 was in the ’ .URo Kic l e , V. 56. p. 126. 299. N o * tab* merit o f
earnings, e t c . was furnished, but the lessee reported that the
traffic earning- o f the Lehigh v a lle y sy*tcm increase*! by about $1,000,000 during the year. “ This include* less than three months o f the
Income d erived from the new Une to Buffalo since the diversion o f the
business from the E rie R a ilw a y , ea rly In Septem ber last. Th e saving
In rentals paid that com pany considerably exceeds the Interest charge*
upon the f 15,000,000 Lehigh V a lley R a ilw a y Com pany and the $10,000,000 Lehigh V a lley T erm in al R a ilw a y C om pany bond*.*' In yea r
1891-92 funded debt increased #3,802,000 (net) and debt guaranteed
#8,050,000. F or previou s years results w ere as below.
Tsar e n d in g S<>9.30—
1889.
1890.
1891.
Gross receipts.................... $16,674,964
#17,432.007
$19,910,261
T o ta l net Income .............. $5,235,581
#5,480,235
$5,834,351
#2.651,120
Interest on d e b t...............
#2,817,240
#2,169,571
723,510
Oeu'l expenses, Inch taxes.
945,768
694,258
D ivid en d s..................
2.019.202
2,070,370
2.027.370
107,487
Balance, surplus..................
123,040
266,231
-< V . 54. p 33. 1 5 8 .2 0 3 . 367, 761, 867. 999,965; V. 55. p. 178, 216,
256, 331, 678, 9 9 6 ; V. 56. p. I 2 5 . 298, 373. 413, 463. 753.1
L i t c h f i e l d i a r r o l l f o n A W e s t e r n . —O w n s from B arnett to Colambtaaa, UL, 52 miles. O perated In close connection w ith the Chicago
Peoria A Bt. Louis—w hich sec. Stoek. #600,000. Consol, m ortga ge fo r
$15,000 per m ile was authorized In A p ril, 1893. sufficient consols to be
reserved fo r retirem en t o f first m ortgage at m atu rity. Extension o f 28
b Um to Quincy proposed.
V. 56. p. 608.
L it t le * 1 la n » l.—O w n* from Cincinnati, O.. to Springfield. O., 84
m iles; branch. Xenia, O., to Dayton. O., 16 m iles ; leases, Columbus A
X en ia RR-, Xenia, O.. to C olom bo*. Ohio, 55 m iles ; D ayton A Western
R R , Dayton. O., to Indiana State Line, 38 m iles ; Ohio State Line to
Richm ond.In i..4 m.; Cln. S L C onnecting R R . 2 m.; tot. operated, 196 m.
LEASE.—O n Dee. 1, 1869, leased to P ittsbu rg Cincinnati A Bt. Lou!*,
m ow Pittsburg Cincinnati Chlcu.
Mine years,
renewable fo rever. T h e P en n sylvan ia
R ailroad Com pany
I* a
party to the con tract and guaran tee* Its fa ith fu l execution.
Rental is 8 per cent on $4,943,100 stock and interest on d e b t
In addition to ab ove bonds (h ere D $100,000 6 per cent perm anent
eapttaltxed d e b t; interest January and July. Leasee’* report fo r this
road shows net loss to lessee; In 1896, $469,690; in 1997, #298,405;
ill 1999, #421,355, in 1899, #395,873; in 1990. #39 4.451; in 1991,
#452,748; in 1892. #230.636. Th e L ittle M iam i Co. docs not adm it
these losses.
Bo*r*s.—In January, 1990.stockholders authorized the issue o f $3.000,00*) 7 per cent bond* ISO be Issued to the lessee from tim e to tim e In
paym ent fo r betterm en t*), and also $3.fx>o.iMjo M o d i, into which the
bonds shall be convertible. N egotiation s with lessee are still pending,
ami no convertible bonds had been issued p rior to F eb ru ary 23, 1993,
though a practical agreem ent has been reached.
L i t t l e K o r k A M e m p h i s . —O w n* from L ittle Rock, Ark., to Miss 1
s•tppi R iver, opposite Memphis. 135 miles. The Memphis A L ittle Rock
Road was sola in foreclosure in 1972, again In 1977 and again in 1897.
$3,000,000
7,000,000
6,000.000
1,200,000
1,025,000
1,175,000
516,000
(1)
250,000
4,943,100
525,000
1,500,000
3,250,000
2,487,850
12,000,000
1,121,000
268,703
3.610,000
3,000,000
1,2.50,000
1,500,000
325,000
125,000
1,000.000
609,000
600,000
6.50,IKK)
250,000
75,000
1,075,000
1,500,000
2,240.000
7
4 A 5
5
5 g.
4 p e r an
10 per an
8*
6 g.
8 per an.
6
5
5 g.
7 per an.
5 p e r an.
7
7
5 g.
4 g.
5 g.
4 4g.
4 g0
5 4 6 *.
5 g-
6
5
7
7
5
5
8
gg.
g.
g.
J.
A.
M.
J.
F.
F.
J.
A
A
A
A
A
A
A
D. Phila., Bk. N. A m erica. June,’ 9 6 A ’0 »
0. Phila., Jsdiigh Y al. RK. A pr. 1, 1939
N. P h ila ..O f.,2 2 8 8 o .3 d 8 t. M ay 1, 1920
J.
do
do
Jan. 1, 1932
A.
do
do
Feb. l , 1893
A.
do
do
Feb. 1, 1893
J.
N. Y ., A m . Ex. Bk.
Jan. 1, 1910
J. A J.
Q .- M .
Various
M. A N.
M. A S.
J. A J.
Q.—F.
M. A N.
F. A A.
Q-—J.
J. A D.
M. A N.
M. A S.
J. A D.
M. A S.
M. A 8.
J. A D.
M. A N.
M. A N.
A. A O.
M A S.
Q .- J .
J. A J.
J. A J.
N. Y „ M etrop olitan Tr.
Cinn.,Office, 1st Nat.Bk.
do
do
N. Y .. Bank o f A m erica.
8ee text.
Phila., O f., 410 W alnut
N. Y „ Corbin B a n k * Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N.Y". Cent. Tr.; St. Louis
N .Y ., 8. Pad.Co., 23 B'rd
J u ly 1, 1921
June 10,1893
1894-1898
N o r. 2, 1912
Sept. 1, 1937
Jan. 13, 1893
M a v 1, 1893
M ay 1. 1898
Aug. 1, 1918
Ju ly 1, 1931
June 1. 1938
N o v. 1, 1937
Moll, 1, 1922
June 1, 1932
Mch. 1, 1920
Mob. 1, 1911
June 1, 1938
M ay 1, 1911
M a y 1, 1937
Apr. 1, 1901
Sept. 1, 1901
Oct. 1. 1932
J u ly 15. 1931
J u ly X, 1921
See description o f prop erty, balauoe sheet, etc., in V . 55. p.
59. Iutereat due M arch 1, 1893, w as not paid, and it is proposed to
fund the coupons due in 1893 and 1894. (Beo V. 56, p. 463.) Stock.
$3,250,000; par, #100. From January 1 to Aug. 31.1892, gross, $354,943. against $408,632 In 1891. In 1891 gross earnings w ere $709,083;
net. $186,345; surplus o v e r charges, $26,844. (V . 54. p. 1049; V , 55,
p. 59; V. 56, p. 413, 463T)
L o n g I s l a n d . —O w ns from L o n g Island C ity, N. Y , to G reen port.
N. Y .. 95 m iles; Ix>ng Island C ity to G rea t Neck, 14 m iles; Bushwiok
to Bag Harbor. 07 m iles; branches. 82 m ile s ; tota l ow ned, 288 m iles.
O perates N orth Shore Branch road (fo rm e rly Sm lthtow n A P o rt J effer
son R R .). 19 miles; leases—Stew art's R R to Bethpage, 14 m ile s ; S tew
art's R R to Hem pstead. 2 m iles; N ew Y o rk A R ocka w ay R R ., 9 m ile s ;
Brooklyn A Jam aica R R , 10 m iles: N ew Y o rk B rook ly n A M anhattan
Beach K i l l way and branches, 20 m iles; tota l leased, 74 miles. T o ta l o f
a ll. 362 miles.
O e o a n iz a t io n , Bt o c k , E r e .—C on trol was acquired in D ecem ber,
1990, by the " Long Island C om pan y," con trolled by Mr. Austin Corbin
and others. In Ju ly, 1881. the stock was Increased from $3,260,700 to
$10,000,000, and a fterw a rd In 1989 to $12,000,000 in order to absorb
the B rooklyn A Montauk. Htockholder* voted Jan. 24. 1893, to acquire
a co n trollin g Interest in the stock o f the Pros. Pa rk A Coney I.— w hich
see— and V. 56, p. 4 1 In Feb ru ary. 1893, it w as reported that the com
I pany had tMMiirht, and would issue a m ort. fo r $500,000 upon, the .Stew
a rt R R , including the branch to Flushing, w hich needs re-building.
DlYONDrDE—I n 1882. 1; from 1883 to 1890, both iM tB dT Q , at th e
rate o f 4 per cent per annum; In 1991, 4**; in 1892, Febru ary, 1 4 ;
M ay. 14 * A u g.. I Q ; N ov.. 1 4 ; In 1893. Feb., I Q ; M ay, 1 *4 per cent.
j
P r ic e o f 0T*>c k .— I n 1887. 8 5 «»0 9 4 ; in 1888, 8 7 4 * 9 5 ; in 1889,
0 9 4 * 9 6 4 ; In 1990, 8 2 9 9 5 ; In 1891, 8 6 * 9 9 4 ; In 1892, 9 5 9 1 1 2 ; in
1893 to M ay 19 inclusive, 1 0 0 * 1 1 8 4 .
Bo r is *.—'The C entral Tru st Com pany is tn istee o f the gen eral m o r t
gage of 18 8 9 . Th ere are also #241.700 rea l esta te m ortga ge 5s to 7s.
T h e fe r ry m ortga ge fo r $2,750,000 covers all the real and personal
property pertaining to the com pan y's ferries (34th Street and Jam es
s lip ); #1,250,000 bond* being reserved to retire the M etrop olitan F e r r y
m ortgage. Tru stee C entral Tru st Co. See V. 54, p. 597.
The m ortga ge 4 j*»r oeuts o f 1892 are secured by purchase m oney lien .
Th e L. I. R R N orth Shore Branch C o4. bonds a re u n con dition ally
guaranteed as to principal and interest, and are so en dorsed; $400,000
w ere to be used fo r a tw e lve-m ile extension . V. 55, p. 322.
G e n e r a l F in a n c e s .—T he Jam es Blip and 34th S treet fe rrie s w e r e
purchased In 1892. and debt Increased by $2,750,000 therefor. Loans
and bills payab le w ere $196,203 Dec. 31, 1892.
L a t e s t E a r n in o s .— F o r six m onths en d in g Dec. 31 earnings w e r e :
J u ly 1 to Dee. 31— Gross.
.Vet.
(M hrr inc. Charges. Hal., su r.
1992 ................... #2,450,560 #006,229 #76,610 $477,869 $504,971
1091 ................... 2,351,189
905.969
31,729 445,632
492,066
A n n u a l R e t o r t .— Fiscal y ea r ends June 30. Annual m eeting is held
the second Tu esday in A p ril. R e p ort fo r 1891-92 was In V. 55, p. 502.
Year en d in g J u n * ’ } ~
M
1891.
1892.
Gross earnings ....................................................... $1,061,899 $4,171,524
O peratin g exp en ses............................................... 2,529,239
2,734,416
N et ea rn in gs..............................
T o ta l net, including other Income
Interest on bonds...........................
T a x e s ...................... ........................
R en tals............................................ .
In terest and discouin ..............
D ivid en d s.........................................
. $1,532,6*30
$1,593,257
.
528,043
131,276
.
175,582
25,191
(4) 480.000
$1,437,108
1.518,246
556,706
130,878
178,603
28,874
(5) 600,000
Balance, surplus.............................................. $253,165
$23,186
- ( V . 53. p. 95. 368. 4 3 5 . 714; V 54. p. 289, 597, 846; V. 55, p. 22. 146.
322, 5 0 2 , 857, 1036; V. 56, p. 42. 164. 247. 608. 625.)
L o s A n g e l e s T e r in I nn I .—O w n * 51 m iles o f road connectin g L o s
Angeles. C-aL, w ith Pasadena. E ast Ban Pedro, Verdugo and A lta d on a.
and leases L o* A ugeles to M o n rovia ,17 m iles ; total, 68 m iles, standard
gauge. Com pleted as now in 1891-92. Htook authorized, ou tstanding.
#3,000,000; par, $100. M ortgage is fo r $1,500,000 on 45 m iles and
#30,000 p e r m ile fo r a dditional road ; it covers 60 acre* o f term in a l
land* In heart o f Lo* A ngeles and 40 acres o f w a ter fr o n t and term in a ls
at Ban Pedro, the sea|«ort o f Southern C aliforn ia. Tru stee, Bt. L ou is
Tru st Co. President, Geo. B. L eigh ton , Bt. Louis.
L o u i s i a n a W e s t e r n . —{.See Map o f Southern P a cific.) —O w ns fro m
l^ fa y e ttc , 1 ».. to Orange, T e x o *. 112 miles. O perated under lea se b y
j
the Bouthern Pacific Com pany, being part o f the through lino b etw een
N ew Orleans and Houston. Th e lessee pays all charges and turns o v e r
to this com pany 7 per e e n t o f the total net profits o f the Southern
Pacific Com pany, under the om nibus lease.
From January 1
M arch 31, 1893 (3 months), gross earnings w ere
#307,848, against #272,970 in 1892; net. $147,386, against $133,286.
hi l - 'J
In 1891 gross, $1,061,676; net. $457,815; surplus o v e r charges. $308,554; am ount o f net
p rofit due tills com pan y as per lease, $169,351. Htockis $1,360,000 (p a r
#100), a il but $50,00 ) o f which Is ow ned by Bouthern Pacific Co.
* 8
INVESTORS’ SUPPLEMENT.
[V O L . L V I ,
May , 1898. ]
RAILROAD
S u b s c r ib e r s w i l l c o n f e r
a
STOCKS AND
79
BONDS.
g r e a t fa v o r b y g iv in g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s ,
Bonds—P rin ol
IN T E R E S T O R D IV ID E N D S .
M iles D ate Sixe, or
pal,W hen Due,
Am ount
ol
of
Par
3*or explanation o f colum n headings, &c., see note**
Outstanding R a te per When W here P a y ab le, and b y Stocks—L a st
Road. Bonds Value.
on first page o f tables.
C ent
Pa yab le
w hom .
D ividend.
R A IL R O A D S .
72 1881 91,000
Louise. E ra n tv <t St. L Oontol. —1st m ort-E .R .A E .
18*2 1886
1,000
1st m ortgage, g o ld ...................................................
182
1,000
2d m ortgage, gold, nnassented........................... O'
1886
24
Hunt. T e l l C ity A C. RR. 1st mort. gold, guar o'
1887
1,000
20
Illinois A St. Louis le t m o rtg a g e........................ o '
500
1875
V em A C ar. 1st Ms., duo Dec., 1910 A Apr. 1,1902.0*
7 1880-2
1,000
353
1.000
L. E. A 8 t L. consol, m ort., gold (98,000,000)--C
1889
G en eral m ortgage fo r $15,000,000, g o ld ........... e '
353
1,000
1893
Lou isville A Nashville—S tock .....................................
100
Lebanon Br . June, to JelUco, L ou isville loan. . .0* m
1.000
1863
Consol. 1st M. (prior liens are on ly 9333,000). .0" 419
1808
1,000
130 1871
£200
Memphis A Ohio 1st M „ Paris to »Iem ..g ..g u a r. . c
Mem. Clarks. A L. 1st M .,A ,G u thrie to Pu ri*.Tenn.c‘
83 1872
£ 2 00
CecUian B r .litM . .Cecil, to Louii<.,^.f.,dr,n at lOO.e*
46
1877 $1,000
E. H. A S . l*tM .,H en d erson to Naah..g.dr'n at 1 lO.c*
135 1879
1.000
Louis. A Nash, general M., gold, draw n at llO .c 802 1880
1,000
10-40 A djustm ent Mort-. gold (red. a f t 1094).c- 785
1,000
1884
L. C. A Lex. 1st M ..*.f.(not dr-n)Louls.to Newp't-C"
175
1867
1,000
2d m ortgage, sinking fund, not d ra w n ........... o"
175 1877 100 A c
L . A Nash-bJe., S A N . A la .R R .,2 d m. as coLgold.c189 1880
1,000
PenaaeoU D ivision 1st m., gold (dF n at 105). .o’
45
1800
1,000
N. O. A Mob. D iv. 1st M.. N O.to M o b ile , gold.c*
1880
1,000
141
2d M , N. O. to M obile, g o ld ........................... c1,000
141
1880
Southeast A S t L. D lv. 1st M o r t , g o ld ............ c"
208 1881
1,000
2d M., gold. East S t t l o E va n sville A b r . c 208
1881
1,000
175
G eneral m ortgage L C . 1 L , g o ld ...................o'
1,000
1881
1,000
1st M. 150-year 5s), 915,000 p. m., g o ld ......... c"
118
1887
la t m ortgage, collat. truat ($7,000,000). gold c*
1888
1,000
U m fle l m ortgage fo r $75,000,000. g o ld ___ c*Ar 1,079
1090 1,000Ac
P e n a .A A L 1st M..gold.s.f.,dr*n at HOaium m ed c*
1,000
160
1881
K entucky C en tra l—Coving. A ta x in g , m o r t . ex t
.00 1855
1,000
M aysvu le A L ex in g ton R R m o rtg a g e...............
49
1876
1.000
N ew m ortgage ($7,000,000) cold........ .............o*
220
18S7
i.o o o
9900.000
8
J. A J.
2,000,000
6 g. A . & O.
670,000
6 g- A. A 0.
300,000
6 g- A . A 0.
200,000
8
J . A D.
300,000
Various
6
3,795.000
5 g- J. A J.
Bee t e x t
i g- M. a 8.
52,800,000 See t e x t F. A A.
333,000
A. A O.
6
7,070,000
7
A . A O.
3,500.000
~ g- iJ. A D.
2,015.060
6 g. F. A A.
7
M. A 8.
760,000
2,210,000
0 g. J. A D.
11,320,000
6 g. J. A D,
4,531,000
6 g- M. A N.
2,850.000
J. A J.
7
892,000
7
A. A O.
1,900,000
6 g- A. A O.
580,000
M. A 8.
6 05,000,000
6 g. J. A J.
1.000.000
8 g- J. A J.
3,500,000
6 g- M. A 8.
3,000.000
3 g. M. A 8.
50.000
6 g. M. A N.
5 g. M. A N.
1.704,000
5.129,000
5 g. M. A N.
11,632.000
4 g. J. A J.
1,970,000
6 g. F. A A.
219,000
J, A D.
5
400.000
7
J. A J.
6.523.000
4 e J. A J.
N. Y ., Secu rity A T r . Oo.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N. Y ., 120 B road w ay,
do
do
do
do
London and N ew York.
London and N ew Y ork.
N. Y ., 120 B road w ay.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
fin
do
S e p t 1, 1921
O c t 1. 1928
O o t 1, 1936
O c t 1, 1927
June 30,1895
1900-1902
J u ly 1. 1939
Mar. 1. 1943
Feb. 3, 1893
Oot. 15, 1893
Apr, 1, 1898
June 1, 1901
A u g. 1, 1902
Men. 1, 1907
Deo. 1, 1919
June 1, 1930
N ov. 1, 1924
Jam 1, 1897
O o t 1, 1907
A p r. 1, 1910
Moh. 1, 1920
Jam 1. 1930
Jam 1, 1930
Moh. t, 1921
M o lt 1. 1980
N ov. 1, 1931
M ay 1, 1937
N ov. 1, 1931
Jul y I , 1940
A ug. 1, 1911
June, 1895
Jan. 1, 1906
J M t 1. 1987
L o u i s v i l l e K v a u s v l l l e dc S t. L o u i s C o n s o l i d a t e d . —(See Map 4>ip In s to c k ; In 1891, 5 in c a s h ; 1892, Febru ary, 2 4 oa sh ; August, 2 ’
o f MvanoriU* d Terrt llaute Railroad.) —O perates from L o u isville, K y ., In 1893, F eb ru ary, 2 per cent.
5o Hast St. Louis. 111., 275 miles, w ith branches to E va n sville , BockP k ic k o r St o c k . —I n 1884, 2 2 4 * 5 1 4 ; tn 1885, 2 2 » 5 1 \ ; in 1886,
port, Canneitoa, eto.. In Indiana, 93 m iles ; tota l. 36S miles, o f which
3 3 4 * 6 9 ; in 1887, 5 4 4 * 7 0 4 : In 1888, 5 0 4 * 6 4 4 ; In 1889, 5 6 4
353 ratios ow n ed and 15 m iles track age. A ls o ow ns Ven ice A Caronde- • 8 7 4 ; In 1890. 6 5 4 » 9 2 4 ; In 1891. 6 5 > » 8 3 7 In 1892. 0 4 4 » 8 4 4 ;
g;
le t R a ilw ay, leased to East ML Lou is C onnecting R a ilw a y , 7 miles. P o r tn 1893, to M ay 19, Inclusive, 8 1 4 * 7 7 4 .
tion s main line op erated under tra ck ag e rig h ts ; L ou isv ille to N ew
#
1
A lb a n y , 6 m iles; W alnut H ill to C entralis. 7 4 miles.
B onds * - T h e 1 0 4 0 adjustment m ortga ge o f 1884 (trustee, Central
O r o x x iz t n o * . —A consolidation In 1889 o f the Lou isv ille E v a n tv llle Traj*t Odd b e «ld e « 783 railw o f road covers $28,162,700 o f stooka and
A 8 t Louis and other companies. It belong* to the “ M ackey " system. bonds. Bee V. 39, p. 409, and V. 51. p. 463.
C i r r T i L Ht o c k .—Com m on stock Issued. •3.790.747; par, #100 In
The E van sville H enderson A N ash ville bonds are draw n at 110 by lot
A p ril, 1893, com pan y retired the #1,295,262 p referred stock—see b e annually In October, fo r p aym en t Dec* I; $30,000 a yea r till 1895, thou
lo w —sa d raised outstanding com m on stock to present figure by p a y in g Increasing each Ove years until $150,000 per y ea r is Anally reached.
stock dividend o f 7 per cent. (V . 56, t>. 289, 413.)
The !V u «a c o l» D ivision bonds are subject to a d ra w in g sinking fund
B o s d a —A bstract o f consolidated m ortgage In V. 49, p. 208. The $5,000 till 1900, Inclusive, then $10,000, and so lucreaelng.
eaeoad m ortgage bonds bore 5 per cent Interest In 1892 and 6 th ere
The general m ortga ge bonds o f 1880 are subject to a d ra w in g sin k in g
A fter, and carry vo tin g pow er, tea votes fo r each bond.
fo w l o f 1 1*10 per cent o f a ll bonds Issued, plus the in terest accrued on
I n March. 1893. stockholders vo te d to execu te a general m ortga ge all bonds so d r a w n —about $190,178 tn all In 1890-91.
fo r 9 15,000,000 o f 50-vear 4 per cen t g o ld bonds. O f these bonds
In June, 1890. the •• unlhed " m ortga ge (trustee. C entral T ru st C om
98.000. 1100 are deposited w ith tru stee fo r retirem en t o f p rio r bonds at pany) fo r $75,000,000 was authorised. $41,917,600 bonds being re
m a tu r ity : the rem ainder a re to be used at the d iscretion o f the board served to retire all prior liens (none o f the prior liens can be ex ten d od ),
o f directors fo r term inals, equipm ent, coal branches, etc.. It b e in g pro the balance fo r Im oro.
\ tensions (at the rate o f $32,000 per
posed to Issue # 3 ,(5 0 ,0 0 0 a t onee, as fo llow s: T o retire preferred stock, m ile. Including eo u ip u im t). and fo r oth er purposes. T h e m ortga ge oovp i ,300.000. to be taken by preferred stockholder* a t 8 0 : $630,000 to era (besides 1,080 m iles o f road and Us equipm ent) $16,209,700 atook
re tire flo atin g debt, 91,300.000. Th e Increase In live d charges w ill be o f com panies controlled, which is subject on ly to the 10 40 adjustm ent
9138.000. but this Is p a rtly offset by re lu ctlon o f 960,000 In Interest on m ortgage, and $6,498,400 slock and $1,100,000 bonds free from any
flo a tin g d eb t F o r new construction the 4 per cents m ay be Issued at Ben. Bee abstract o f m ortga ge in V . 51. p. 613.
*1 5 ,0 0 0 per m ile, built and equ ipped, and at 97,000 p e r m ile fo r second
Besides the bonds In the table the L ou isville A N a sh ville is responsi
track. (Mee V. 38. p. 289, 413.1
ble fo r $2,100,000 bonds and dividends on $2.265,f 8 2 stock o f N a sh ville
E vfc*Is*is. -F rom J u ly 1 to Dae. 31 ,1 8 9 2 (8 m onths) gross ea rn in gs A D ecatur (w hich s e e ); fo r $9,864,350 bonds South A N orth A lab am a
w ere 9943,331: net, 9379.431: tntereet on bonds, 9226.323; taxes, (sec that com pany) fo r $286,000 bonds o f L ou D villo T ra n sfer Oo.. and
rentals. Interest on floatin g debt, etc . 981.312; balance, surplus, to r $2,096,000 N ashville Florcnoe A HhrfTlold bonds- see that com pany.
A s to K entu cky C entral m ortgage (M e trop olitan T ru st Co. o f N ew
988,993. From Jan. 1 to M ay 7, 1893 (4 4 m onths), gross, 9683,445.
Y ork , trustee), see abstract V. 45, p. 372.
A * » 0 * t I t c r o s r — Fiscal y e a r ends June 30. 1890-91 rep o rt w as In
Th e Penu tcola A A tla n tic w a« purchased at foreclosu re sale tn 1891,
V . 53, p.878. N et earnings fo r 1891-92 w ere not published slnoe lo r and Its ou tstanding flr-t m ortga ge bond* fo r $2,000,000 w ere a s
three months traffic w as Interrupted.
sumed, L . A N. ow n in g $1,000,000 firsts additional to this $2,000,000.
Fsac*— Ora** r a n * .
S ri.
in t r r r r l. R rn ta ls,*e. Bal. Sura
G s x c k a l P i* A * c e a . A c .—T h e L ou isville A N a s h ville system ha a
1891-92 . . . f l . 4 l l . 3 5 2
...... ...........................
.............................
been developed In Its present ex te n siv e form since 1879; the 100 per
1 8 9 0 0 1 .... 1,481,374
9481,920
9132.800
914.808
97.312
1889 9 0 .... 1,169.412
4187318
329,618
17,724
103,811 cent atook dividend was declared In 1880 and a few dividends a fte r
wards in oash, but from 18*42 to
uothlng was paid* From Febru
— <V. 61, p. 6 7 9 , V. 33. p. 474. 87 8 , 988; V. 58, p. 289. 413.
ary, 1888, to 1890 stock dividends w ere paid to represent surplus e a rn
ings. Th e August, 1890. dividend was paid partly in oash, and all slnoe
I . o d 1s t 111* A N a s h v i l l e . —<£** dfup.)—R o a n .—O perates m ain line th at d ate In cash. Th e August. 1892, ! ■. lend, h ow ever, w as reduced
fro m C in cin n ati O.. to N ew O rleans. L a .. 921 in lies, w ith hranohes to to 2 per cent, and the Feb ru ary, 1893, divid en d was at same rate.
Bt. Id o ls . M u , Mem phis, T e n s., etc., 2.010 m iles, m aking to ta l system
In y ea r 1891-92 com pany increased Its bonded debt $8,675,000 net,
proper, June 30, 1891, 2,931 m iles. T h e system , w ell p o rtra y e d on o f which $7,142,000 was through pnroha e o f K en tu ck y c e n tra l,
necom panytng m ap. Inclu des:
248 m iles, $8 17,000 nnlfted 4s fo r new C hattan ooga stock. $255,000
fo r sin king funds and $8 47,000 fo r Im provem ents. Bonds canceled
l A SM owned a b t o t - M * o r
I
' i nr* leased, * r
M il**.
w ere $271,000. Bills payable w ere $174,996 on J u ly 1, 1892, aga in st
earaisoA e n lir t r a p ila l d o rk . M il•». \ •N a s h v ille A D e c a t u r ......... 119 $3.294,%74 on J u ly 1, 1891.
L onM vtlle to N a s h v ille ......... 183 • Booth A N orth A l a R R ....... 182
In »>ecerfil>er. 1892. com pany reported $11,632,000 unified 4s ou t
B unary other lin e s .............. 2,392 | O ther H u es...... .......................
54 standing, against $10,571,000 J u ly 1, 1892. Block E xch an ge March,
1893. rep orted $10,998,000.
T o ta l op erated In system p r o p e r . . . . . . . . . . . ................ ...............2.931
L a TBsT E u i * i * o s . - F r o m Ju ly 1, 1892. to March 31. 1893 (9 mos.),
In addition com pan y op erates fo r account o f variou s com panies gross nam ing* w ere $17,252,680, aga in st $16,185,820 in 1891-92 ; net#
87 m iles and Is Interested la the fo llo w in g :
0,537.071 sgainst $5,815,8 17.
For the h a lf y ea r euding Deo. 31 results w ore as follow s. Pee V . 56,
7,-0 m s f a ll v w il A 1 fs . o f Oa M il* * '
,’
M a fa rita •lark otcued
M il* *
♦ N a sh v ille Flor. A Sheffield -.10-5 •G e o rg ia R a ilroa d syste u .......721 p 246.
I.in r * oiea sd —
♦KashvtUe (h a lt A Sit. Lou is 810
6 mot. Oross earn 'g*. Nel income.
Charges.
IH rld cn tls. Jial., surp.
* Ueuderson B ridge . . . . . . . . . . . . 10 Leased to C. O. A 8 . W. and O.V. 66 18 92 ...$ 1 1 ,6 *1 ,9 2 9 $4,714,439 $2,768,898 (2) 1,056.000 $*89,541
1891
11,061,172
4.201,. 30
2,750,9 23(2 Si) 1,320,000
181,307
T o ta l o f a ll Ja n e 3 0 .1 8 9 2
4.731
AUXOAf. R k p »» k t .— Fiscal year ends June 30. Annual m eetin g Is hold
in L ou isv ille the tlr-t W ednesday In Ootoi»er. R e p ort fo r 1891-92 w as
* Th is com pan y 1* sepa rately described In th is Supplem ent.
g iven In fu ll in V. 53. p. 588, 591. Bee also ed ito ria l p. 570.
O n o a s iZ s T fo s , L essee, A t- —T h e Lou isv ille A N ash ville w as ch ar
Year end. J u n e 30.
1889
1890.
1891.
1892.
tered March 2, 1850. and op--ned t i- ls - c n hm iisvlUe and N aetivllle
2.161
2.198
2.2..0
C.857
Ntivsiuls-r. 1839. Th e system has been increase-1 to tta present slse by A vera g e luUnagc . . .
(JriM* earnings........ $16,599,396 $18,846,004 $19.V2u,7*6 $21,235,721
leasin g and absorbing oth er raads, an t b y bu ildin g extensions. Th e
lia b ilitie s fo r interest on the a u xilia ry roads are treated m ostly as be Op. © ip . (escl. ta x ) 10,326,085 11,419.092 12,058.444 13.792.122
lon gin g d irectly to the Lou isville A S a an vllle Co. A lis t o f the secu
Net e a rn in g s ............. $0/273,311 $7,426,912 $7,162,284 $7,443,599
rities o w o e l and In the sin kin g fund w as tn V. 55. p. 596.
62 21
60-59
62*7 *
6195
A line connecting w ith the Clinch Valley 111 vision o f N orfolk A West K n L of ex p . to nar'i'gs
ern was com pleted In June.1891. The A labam a M ineral R R ., 129 miles, Ne*. IticL Invs'ta....... $6,950,420 $8,065,598 $7,'880160, $7,970,892
w as taken Into the system January 1. 1891. See V. 51. p. 460. In T a xe s paid ..............
401,112
397 721
410.810
513.185
Deeam her, 1890, the stock o f the K entucky C entral was acquired, oon- Interest and ren t . . .
4,605,493 4,524,694
4.207.629 4,860,878
tro l being assumed February 1. IMUl
See 3'. 51, p. 876 and V. 52, p. G eorgia K it. d e fic it..
*23.370
90,339 Prof.G-\530
l -'4,695
93:1. For Hen lerson B ridge see M iscellaneous Com panies.
Luna (m o th e r roads .
199.425
180/203
03,494
1 'H.OOl
C a m * t s t o c k - tn 1889 90 the stock w as Increased 913.000.000 Dividends .................. 11,591,800 *2,405,367 *2,400.(8)0 *2,370,000
fo r the purpose o f retirin g the 6 per cent collateral trust bolide o f 1882.
T ills reduced the annual Interest charge tiy 9600.000, and the slnkiug
T o ta l disbursem ents.. $6,824,206 $7,004,32 4 $7,223,932 $8,002,759
fund charge by #100,000, In all #700.000.
In July, 1891, (t was voted to increase the stock from #48,006.000 to B a la n c e..................... *r.$120,214 sr.$ 401,275 sr.$050/220 def.$25,867
fl35,ooo,onQ for purcha-e o f Kentucky n eu tral HR.. Ac. O f the new
♦ Htock dividend* 5 per rent. 14*90 p e r c e n t sU c k and 1*10 cash
•lo c k 94.800.000 was taken Ity stockholders o f J u ly 2 t at 70. lea vin g
* 5 cash in 1890 91 and 4»a In 1892.
J u ly 1, 181*2, 92,200,000 y et to he Issued.
DtV|ousts) since 1 8 8 0 — In 1880, 8, and t o o per cent In stock; In — (V. 54. p. 78. 525 013. 683. V 55. |». 39. 55, 5 7 0 , 5 8 8 , 590, 581 v
1881, 6; la 1882, 3; Lr 1888 and 1889, 5 in stock; In 1890, 6, o f which 079, 723; V. 50, p. 67, 83, 165, 217, 246, 500.
80
^INVESTORS’ SUPPLEMENT.
V o l. L V I,
KAILEOAD
Ma t , i m ]
STOCKS A N D
BONDS.
81
S u b ^ iilw r i. w i l l c o n fe r a g r e a t fa v o r by g iv in g Im m e d ia te n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
R A IL R O A D S .
on first page of tables.
Bmui..—P r in c i
IN T E R E S T O R D IV ID E N D S .
M iles Date Size, or
pal, When D ub .
A m ount
of
of
Par
O u tstanding RaU> P61’ U’heu W here P a y a b le and by SlocA-g—L a st
Outstanding
Road. Bonds Value.
Cent.
P a y a b le
wnnm
Whom.
D ividend.
Lou isville New Alb. A Chic.—Stock (fo r $ 1‘.',000,000).
las M. L oa . D tv.—N ew A lb a n y to Mueh. C3t| .»•■ 288
1st M., CTilc. A Ind’polis Div.,Chic. to Im L .g o ltl.c*
*
158
Consolidated m ortgage (fo r $10.000.000) gold.e*
512
General m ortgage. $’.*5,000 p. m .# gold .............c*
512
L ou isville Sew Orleans Jt Texas—See I l l in o is A
R IL.
Lou isville St. Louis 4 reran—Stock...................
b
1880
1881
1880
1890
$100 $12,000,000
1,000
3,000.(RX>
1,000
2,300,(XX)
1,000
4,700,000
1,000
2,800,000
100
1887
1,000
1st consol, inort.. $5,000,000, g o ld ..................... ©
1892
1,000
L o u is c i.lt Southern—S tock ........................................
100
1st M. $5,000,000. gold, g u a r.............................. o '
126
1890 500 Ac.
Lykens Valley—S f k. 1Op.c. rental. 999 yra* Nor.Cent.
21
20
ly n c h . 4 D u r.—1st M .$3.000.000,$20,000 p.m..g.c*
b
115 1890
1,000
Macon i B irm in gh a m —1st Si. fo r $20,000 p.in.,g«dd
97
1890
l.o o o
M acon J Norther n 1st M. gold, gu. p. k 1. (end.).©*
107 1891
1,000
M aine Central—S to ck .................................................
100
Port. A Kennebec con. M.. Port, to Aug. A breh .c
72 1865 100 Ac.
Me. C. loan fo r $1,100,000, Danv. Jc. to Baugor.t*
109 18«H lo o Ac.
Extension 1st M., gold. C om berL Juuc. to Dan..c
18
1870 500 Ac.
Leeds A Farm . R R . 1st M., Leeds to Farm ington.c
36
1871 100 Ac.
Me.C. 1st M.. eons., A . B. a D. ($*269,500 5 a).. .e*
1872 100 Ac.
Do
do
do
..................................0* | 304
1872 100 Ac.
•Collateral trust bonds fo r Mt. D esert B ranch___el
41
1883
1,000
Sinking fd. 1 0 -2 0 .gold. rod on or aft. Feb. l.'9 5 .c
1885
1,000
Im provem en t bonds,**A" and**B.” gold, not rnort.
1KHO-7
< European A N orth Am erican (B an gor loan)©.
56 1869 500 Ac.
\ Me. Cent. En. A Nor. Am. refunding loan, gold
5G 1892
1.000
European A N. A m . stock. 5 p. c. rental 999 year*
114
100
Portland a Ogden*, stock (2 p. c. rental, 999 yearsi
109
100
1st m ortgage. gokl. interest g u a r ............ ......... c
82 1870 500 Ac.
Om snl. M. $20,000 p. m. (guar, by e m u ........... c
107 1888
1,000
D ex te r A Piscataqals stock 5 p.c. rental 999 years.
17
100
....
1st M., D exter to D o v e t, etc., guar, by end . ..
17 I8s9
1.000
L « a l , « 1 l l r N e w A lb
H ew A lb a n y, in.l. (opposite
B i l e ; Indiana m a te line to _________________________ . ________ _____ ___ _
m ile *; prop rietary line*— B edford A B loom field R R . Bedford. lad., to
8 w lu C ity, 43 m ile*; Orleans Weet Baden A French L ick Bpring* By.,
Orieane, lad., to F re m h U c k Spring*. 18 m ile .; total ow ned. 310 in lie*.
O perate* under contr ct—Chicago to State line. 20 m ile * ; N ew Albany
to lo d a r t U e , 5 talle*; In Indiana p o ll., to depot. 2 m ile *; tota l operated.
537 mile*. A leaae fo r 909 y e a n w ith Chicago A Wo*tern Indiana (o f
w hose .to o k thl* company o w n * #1.000,000) a t #127,000 per year
g iv e * entrance to Chicago.
O k o a v u a t io v .—T he Lou isville N ew .Ulnvny A C hicago waa opened In
1852 and «otd la foreclosure Dec. 2 7 ,1 *7 2 . anil roorgantiod. In August
1881.0OU.Otldated w ith Chic. A tad. A tr U n e . T h e B edford A B loom field
R R and the O rlea o* Weat B a d e* A French t i e * S orin g* R v . h a ve no
debt, aod th eir ca pita l stock o f #230,000 I* deposited a * .e c u r ltr fo r
the t o o U r llle N ew A lb a n y A C hicago consolidated m ortgage, a* 1* also
the #1,000,000 o f C liloago A W e*t In dia n a R ailroad stock, and certain
•toek o f the B elt R a ilw a y o f Chicago..
C a r r y * L S t o c k . —I n 1891 »tock fo r #-7.200.000 waa aold fo r rollin g
•loc k and buprnrem enta. and on J u ly 30, 189 . #2,400.000 m ore waa
offered to «toek holder* at 25. fo r term in al fain 1 lie * In Chicago, etc.
1
55. I*. 100, 256. Stockholder* voted A p ril 12. IS *3. to cla ssify the
#12.1*10,'S * l o f stock now ou tatandlng Into #0.000,000 o f com m on and
#3 ,000,000 o f p referred , the la tter to draw dlvtdcn la q u a rte rly from
J u ly 1,1*0.1, a t rate o f 4 p e r cent p e r annum. T o p rov id e fo r fu ture
ea p ita i requirem ent* It l* proposed to au tborlu i the Issue from tim e to
tim e o f a * additional #4.000.000 o f preferred. M atter pending. Bee
V . 56, p. 413. 501, 623, 668. T h e new preferred w ill be en titled to 6
per cent dividend*, non cu m ulative, the com m on to r ec eive a ll rem ain
tag profile.
B ustle.—tn A p ril. 1891, a syndicate rom poaed o f C alvin 8. Brice.
Samuel Thomas. John (irecn on gh . and other*, advanced 8 1 .000.0la l to
take up the Boating debt, etc., rec eivin g In return #2,800,000 general
m ortgage bond*, and #1,400,000 o f new stock. Th e general m ortgage
o f 1890 Is fo r #25,000 per m ile o f road and #10,000.000 bonds are
reserved to retire the la ta aa th ey mature. Tru stee Central T ru st CO.
LaTCWT K ak ju sc s . —J uly 1. 1892, to March 31, 1893 (9 m onths),
fr o * * . *2.510.483, against #2.260.720 in 1091; net. #737.227, against
#663,347 t o r 6 months ending Decem ber 31. 1893, surplus o v e r all
ch arges, #147,871.
h k re i* 1.—Fiscal y e a r chanced to end June 30. R e p ort fo r
1891 92 In V. 55, p. 419. E arning* have been as fullowa fo r t h * calen
da r yea r* 1889,1890 and the new fiscal y e a r en ding June 30. 1832:
1890.
1889.
1691-92.
O ro** ea rn in g *.........................#2,495.823
#2.630,132
*3.067.108
Hat ea rn in g *............................
8612133
917,176
952.160
D ivid en d * r e c e iv e d ...................................
25,000
45,000
T o ta l net Income . . . . . . . . .
la te r e * ! on bow ls, e t c ...........
R en ta ls. ................................
#861,533
6212Hkl
1 38.832
#012.176
651.781
155.297
#997.160
768,243
163,001
*135,098
#6 5 ,9 1 6
Balance, surplus............... #101,399
#135,098
Samuel Tnom as, President. » w Y o rk .—IV. 54. p. 203. 4 0 5 ; V. 55.
p. 100, 256, 4 1 9 ,5 1 4 ; V. 56, p. 2 0 6 ,4 1 3 ,5 0 1 ,6 2 1 , 668.)
L o u i s v i l l e N e w O r l e a n s A T e x a s . —8#o 1l.l.lNOLs CKVTR.iL.
I . o n l s v l l i e 9 t . L o u i s A T e x a s . —/.'we Map.)—Ism la vtllo to H en
derson K y.. 142 miles, o f which It ow ns Henderson to W eal Point, 121
m iles (com pleted A pril, 1889). sa d use* by contract w ith C h e*»p eake ,«
O hio Soutiiwestern West Pntnt to len dsvllle. K y ., 20 miles; ow ns also
from Irvin g ton to F ordsvtlie. K y . 44 m iles, and branch 1 m ile ; total
Operated. 166 m ile*
E xtension o f 15 m ile* to a connection w ith the
L o o k r iU r A
miitM from Lou i-vU ie. in tiud^r construction.
Close traffic contract w ith the L A N . prop .»**L 9oe V. 56, it 256, 3 7 3 .
B o n d *.— In August, 1892, w as OKeeuted a consolidated m ortgage
fo r *5.00tM »m . o r which #2.800.000 t* re— rve d to retire the flr*t m ort
gage 6s at m atu rity. Th e consols co ver en tire prop erty anil h ave first
Ben on 44 M itre from Ir v in g to n to F o r d w llle , K y. H ie u v o u il niiirtg a g e . the lem lsvIUe H ard in .b u rg A Western first M o rtgage and #33,000
ea r trusts have been canceled See V. 53. p 37.1. Feb. 9,18 93. there
w ere toil-la n d in g #294.000 ca r trust notes and certificate*. M ortgage
tru stee. C entral Trust Co.
L , T r * I K a k n in o s .—J uly 1,1892. to .War. 91. I k f 3 (6 m onths), gross
•486,909. a g a in s t* 436.560 In 1991 9 2 ;n e t,*2 0 0 .'0 4 , a g a in *! *187,971.
In te r e s t charge fo r y e a r ending June 30, 1893, atxrat #216.000.
A n n u a l R k v o k t .—F iscal y ea r ends June 30. R ep ort fo r 1891-92 In
"b ow ed gross earnings #606,787, against #429,415 In
lXtXM Jl;D t,f**'P ,7 7 0 .
W. V duuraokeu A Co., 42 W all Street. H ew Y ork, Financial Agents.
— (V . 53. t- 126. 407; V. 53, p. 256. 373. 72 .1 0 7 7 ; V. 56, p. 331,332.)
L o u i s v i l l e N o ,it h e r n . —Owns from Lon isvllle, K y., southw esterly
to Burgin on Cincinnati Bout hern Railroad, 83 m l'es. with branches to
L rx ln g to a and O eorcetow n. 47 m iles; total, t a o mile*. I*-a*c to LoulsvUle N ew A 1b m y A Chicago was term inated In March. 1890. (8ce V.
50, p. 834 ) In Ju ly, 1990. leased fo r 99 rea rs to the East Tennessee
3.000,000
2,800,000
1,613,000
3,500,(MX)
4,340,000
600,000
2,012,000
1.940,000
2.200.(XX)
4.969,000
1,166,700
756,800
496,500
633,000
4.176,700
1,496,000
687,000
600,000
450,000
965,000
35,18k)
2,488,700
4,381,3*3
800,000
1,319.000
110,000
175.0<H>
6
6 *.
J.
F.
A.
5 g- M.
6 g.
A
A
A
A
J. N. Y ., Chase N at. Bank
A.
do
do
O.
do
do
N.
do
do
J u ly
Aug.
A pr.
M ay
1.
1,
1,
1,
1910
1911
1916
1940
F. A A. N. Y ., Office 42 W a ll 8t. Feb. 1, 1917
do
do
8ept. 1, 1942
5 g- M. A 8.
0 p. an.
5 g.
5 g.
4 ^ g.
ee text.
6
7
g*
5 A 7
4>*
5
8 g•*>3 g-
6
4 g.
6 g.
5
J. A J. N . Y , Chase N at. Bank.
Q - J . N. Y .. Office, 13 Wm. Pt.
“ v % erca n tile !
m
J. A J. N. Y ., M ------- Jan Tr.Co.
M. A N.
M. A 8. Sept.'02,coup, last paid.
Borland. Me.. Office.
<W A. A O. Boat., N .R ev. Bk.; Port,
J. A J.
do
do
A . A O.
do
do
J. A J
do
do
A
do
do
A
do
do
A
Boat.. A ra .L .A T r.; Port.
A
Portla n d Tr. Co., P o r t
A
Boat., N .R ev. Bk ; P o r t
A
Boston, Merch. N a t Bk.
A
Boaton and PortJam t
A. A
S a c g o r. Treae. Office.
<<.-F. Portland. Me. C e n t Of.
J. A J. B o a t. N .R ev.B k .A P o r t
M A N Bo*., N. R ev. Rk. A Boa.
J. A J .,
D over. Me.. Office.
J. A J. Boat N . R e v. Bk., P o r t
J u ly I . 1940
A pr. 1, 1893
1940
1940
Mar. 1, 1990
Apr. 1, 1893
Apr. 1, 1895
Ju ly 1, 1898
Oct. 1, 1900
Ju ly 1, 1896
A pr. 1, 1912
A pr. 1. 1912
June 1, 1923
Feb. 1, 1905
J u ly .’ l S A ’ l ?
Jan. 1. 1894
Jan. 1. 1932
A p r 15, 1893
M ay 31, 1893
Ju ly 1, 1900
N ov. 1 . 1908
Jan. 15. 1893
Ju ly 1, 1929
— 8 e e V . 51, p.
51, 612. Btook. #3.500,000; par, #100. 8ee statem ent to ____ Y o r k
N ow _____
Stock Exchange, C h r o n ic l e , V . 49. p. 146; also alts tra ct o f m o rtg a g e
..
ami lease, V. 49, p. 342 and 343. T h e E a stT en n . was placed to reoelver* hands In June, 1892, but I * 8. coupons due Ju ly. 1892. and J a n u
a ry . 1893. w ere paW as usual. See V. 55. p. 21. and East Tennessee.
In y e a r en ding June 90. 1892, gross earnings w ore #632.733; net.
#203.13 7 ;J n te r e *t ou homls, ^217.000; balance deficit, #13,863
(V
51, p. 51, 276, 303, 457. 612
. 81; V. 55, p. 462.1
L y k e u a t a l l e y — Owns from Mltlerwburg, P m ,to W U llam stow n. P a ..
. 0 m ile*; branch, 1 m ile ; total operated, 2 1 miles. It Is a coal road*
leased and operated by the N orthern C entral R ailroad since Ju ly 1880
and previou sly b y the su m m it Branch Railroad. Th e lease Is fo r 999
year* from March l . 1866. and the rental Is #62,500 per annum.
*Yom Jan. 1 to A pr. 30, 1893(4 months), g r o «» earnings from ooal
and m ining operations w ere #1153.088, against #318 378 ir 1892; net
*1 1 ..6 6 . against #13.605. In 1892 gross, #1,060,835; net, #36,191.
against deficit o f #41,282.
L y n c h b u r g A D u r h a m . —C om pleted In 1890 from Lynohh nrg.
r e , to Durham, N . C.. 114 miles: more, trustee. M ercantile Tru st C o!
Stock anthorUed, #2.000.000; outstanding, #1,876.500 (par. 8100)
j j ^ e d for 999 re a r * from March 1, 1893. to N o rfo lk A W estern ’ .
President, W. C. H ouston. P h ila d elp h ia In y e a r 1891 gross earnings
w ere #166.132. (Y . 51, p. 84; V. 54, p. 159.)
earnings
• f a e o n A K l r - t i l u g h s r n . —O w n s Maeoti Junction to L a O ra n ge ,
iis ., 97 mites.
Messrs. 0(11, 8huw A O her o f B altim ore are a bond
holder* com m ittee. F o rec lo su reprnoee.iltig* w ere Instituted In A p r il,
1*92, by the m ortga ge trustee. R eceiver's certificates for#30.t>OObavo
been authorised. From J..n. 1 to Mar. 31. 1893 (3 m onths) g ross
a ga in -t #18,613 In 1892: net. #1,000. aga in st d e fic it
Of *1.1.>1
In y ea r ending June 30. 1892, gross carulngs, #79 ,6 24;
d eficit under op era tin g expen se*. #988. (V .54, p. 683.)
H i c o n D u b l i n A s a v a n n a h . —O w ns road com pleted fro m
Macon to Dublin. 51 m iles j projected to Savannah. 9!) m iles a ddition a l.
Built by the tltlnot* A (le o r g la Im p rovem en t Com pany o f Cliloago. In
yea r co d in g June 30, 1892, gross earnings w ere #16,51)6; net. #13 689
D. M. Hnghes, V ico Presiden t, Macon. U a
. v i i c o n A N o r t h e r n . —Owns from Macon. Oa., to Athens, O s. 105
mll.w. Successor to C ovin gton A Macon, sold In foreclosure M ay 21.
1891. In 1*91 leased fo r 9: years to the Richm ond A D a n ville and the
C entral o f O eorgla. the lessees Jointly guaran teeing Interest and p rin
cip al O' the bonds. Bee V. 52, p. 321; V. 53, p. 223. N. E H a rris waa
made re c e iv e r March 24. 1893. In teres t due M arch 1. 18 <3, was not
paid. T h e reorganisation plan o f the i entral o f Q -o r g la does not
provide fo r these bonds—s c - Central o f O eo rgla Bee notice to bond
holders In C n a o v ic x E o f t . 56. p. 579.
P j7 'ffiA llg. 1■ 1891. t<> M ov 19,1692 (9Lj m onths),gross earnings w ere
#106.500; deficit uud r o p era tin g expenses, #2.240.
In 1890 gross earning* were *150.739; net o v e r expen ses and taxes
#24.745. IV. 55. p. 177, 216. 412; V. 56, p. 463, 538, 579.)
i l a I u c C e n t r a l . — U n e o f road. Portland to Vanceboro, M s , v ia
Augusta, 251 m iles: branches, Cum berland Junction to Hknwhegan.
91 m iles; Bath to Iwiwlston and Fannlngtou. 76 m iles; branches—
Belfast. Dexu-r. B u ck -)-.rt and M l In ve rt F erry, 132 miles; Portland A
Og'b-nsliurg KitUrnad, Portland. Me., to Lunenberg. 1(H) m iles; Rmall
branches, 6 miles; U pper Coos and H ereford railw a ys, Lunenberg, N, H „
u. Lim e Rid ge. ........... . 1 "* m ile.; liuUi to Rockland lln clu d ln gstcam ,
fe r r y .7 m iles) 48 m iles: total. 822 miles, o f which 345 m iles are ow ned ,
429 Tulles are operated under 999 y ea r leases, and are p ra ctica lly
ow n ed 33 m iles are op erated under 50 yea r leases, and 15 m ile* are
fe rry lines.
OttUAXtZATIO*.—A consolidation In 1862 o f the A ndroscoggin V K en
nebec and the enobscot A Kennebec railroad*, into which have since
been m erged the Portland A Kennebec, Bom erset K ennebec A Leeds
and fe e d s A F an nlngtou R R Co. Mr. M cLeod. President o f Ph ilad el
phia A Reading, lieou n e a d ire ctor In >ece.ubcr. 1892.
St o c k .—O f the stock #2.2111.118) was ow ned on 'le t. 1. 1892. b y
Ro*um A Maine. In Isnu ary. 1893, #500,000 new stock was offered at
par to stockholders o f Feb. 1 0 , proceeds fo r donhlc-tracklu , etc
This
Stock w ill be d elivered A p ril 15 and m akes tota l *1,989,000, as In
table. Bee V. 50. p. 161.
D iv id e n d * .— I n 1882. 2 per c e n t; In 1883. 51* from 1884 to A u gu st,
1892. both inclusive, at the rate o f 6 per cent y ea rly, p a y a b le semtnununUr. In Sept.. 1892, dividends changed to q u a rterly , uinl 1 1 p e r
?
co ot declared pa yab le Oct. 1; lu 1893, January, lis ; A p ril, 1 hs per cent.
Bo n d s , O d a r a n t x s .—T he Knropenu A N orth A m erican B an gor loan,
tin* Jan. 1, 1894, w ill lie refunded Into the M aine C entral gold 4 per
cents, issued iinm-r m ortgage made Jointly with the E. v N. A. Consols
o f 1h “ 2 a rc held In trust to retire all u nderlying bonds at m aturity.
There are also #58,000 5 per cent debenture ""lid s , due F ebruary,
i *94 ; #42,000 Bhore Line 6 per cent*, duo 1923; #25.000 A ndroscog
gin R R I'O.Os. duo )p r ll 1. 1893; also #150,000 B elfast A Mooeehead
Lake m ortgage muds, due 1920. not guaranteed. Interest ami sinking
fund fo r which sre paid out o f the rental. J oin tly w ith Boston &
Maine guarantees #300.000 Portland Union Oration bonds.
F l o a t in o D r b t .—N otes payab le w ere #378,000 Oct, 1, 1892.
or
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UM
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INVESTORS’ SUPPLEMENT.
flDlANAPOLJi
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A N D C O N N E C T IO N S .
May ,
1883.J
RAILROAD
STOCKS
AND
BONDS.
33
S u b s c r ib e r s w i l l c o n fe r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s ,
R A IL R O A D S .
Bonds—P rin c i
IN T E R E S T O R D IV ID E N D S .
M iles D ate Size, or
pal, W hen Due.
Am ount
P e r explanation o f colum n headings, Ac., see notes
of
of
Par
O utstanding R a te per W h eu W here P a y a b le, and by Stocks—L a st
on first p a g e o f tables.
Road. Bonds Value.
Pa yab le
Cent.
Whom.
D iv id e n d
M aine Central—{Concluded.J—
H ere ford R 'y stock (4 p. c. ren ta l fo r 999 y e a r s )..
53
$ 10 0
$800,000 1 per an. M . A N. Portland, Me. Cent. Of. M ay 1, 1893
1st m ortgage, guar. p. A L (en dorsed)................
53 1890
1,000
800,000
M. A N. Boston, Mass. N at. Bk M a y 1, 1930
4
U pper Cooh RR. stock, 6 p. c. ren ta l 999 years.
'
22
100
350,000 G p e r an. M. A N. Portla n d , M e., Office.
M a y 1, 1893
1st mort., guar. p. A L (en dorsed)........................
22
1890
1,000
350.000
4
SI. A N. Bust.. N . R ev.B k .; Port. M ay 1, 1930
Extension M., $2 1,000p. m., guar. p. X i.(entl.).
33
1,000
1890
54 7,0 0 0
41* SI. A N. Po rtla n d , Me., Office.
M a y 1, 1930
K n o x A Lincoln stock.gu ar., 5 p. c., 999 y e a r s ...
43
100
200,000 5 p e r ai F. A A. Po rtl'd ,M e.,M e.C eu tO f. Feb. 1, 1893
1st M. Penobscot Shore L in e R R . Co., assumed.
43
1890
1,000
1.300,000
F. A A, Boston, N at. R e v e re Bk. A ug. 1, 1920
K . A L 2d m ortga ge (fo r $400,000) assum ed..
4.3 1891
1,000
90,000
5
F. A A.
do
do
Fob. 1, 1921
D ex te r A N ew p ort, stock, 5 p. c. a fte r N ov. 25/98.
14
100
122,000 , 6 to 5
M. A S,
D e x te r, Me., Oflloe.
Mar. 5, 1893Eastern Maine, stock. 4 >9 p. ct., ren ta l 999 years
13
....
100
200,000 4 i* p. an. M. A N. Rockland, Me., Office. M a y 1, 1893
Handles. A L ow .—Stock, 10 p.c. r e a l t ill 1937,B. AM.
26
100
1.000,000
-M A N . M anchester and Boston. M a y 2, 1893
.
M anhattan Klevated.—Consolidated stock................
32
100
30,000,000
N . Y ., 71 B roadw ay.
Q -J .
A pr. 1, 1893
M etropol. EL 1st m ort.. $000,000 p. :1].. go Id ., o'
19 1879
A A $
10,818,000
J. A J. N . Y ., M erca n tile Tr. Co. J u ly 1, 1908
2d m ortgage (guaranteed by M a nhattan)...... c '
18
1,000
1879
4,000,000
SI. A N.
do
do
N ov. 1, 1899
N .Y . E L 1st M .(payab le at 105 aft. 18 95)$A £.cAr
14 1876
1.000
8.500,000
7
J. A J.
do
do
Jan, 1, 1906
N . Y . EL deb., secured b y oonsoL m ort. o f 1990..
32
1886
1,000
1,000,000
5
M. A 8.
do
do
Mch. 1, 1916
Manhattan E levated consolidated m ort., gold, .c '
32 1990
1,000
12,080,000
do
do
A p r. 1, 1990
4 & A . A 0.
•
M aricopa A PAtewur—S t o c k ........................................
34
100
600,000
l e t m ortgage, gold.................................................c
34 1886
1,000
540.000
M. A N. N. Y ., Farm . L. A T r . Co. N ov. 1, 1 9 1 «
Marietta A fio rth Georgia—Stock................................
1,560,000
l e t m ortgage, $7,000 p. m., g o ld .............................
1881
1.000
383,000
J u ly, ’ 90, lost paid,
Ju ly 1, 1911
g *
Con. 1« - M . ,g. -$1,500,000j o t .$15.000 a fte r 1 8 9 7 C 224
1.000
1887
3,821,000
do
do
6 g.
Jan. 1, 193T
Marquette Houghton A O n ion.—See DULUTH So u t h SflOK K A A T L A im e
Mason Oily A F ort Dodge— 1 stm.$15,000 p. m ile, g.
92
1886
1.380,000
6 g. J. A J.
In default.
J u ly 1, 1926
Memphis <* C h a rla ta n —H to ttk ..................................
25
5.312,725
Tenn. State loa n $ l,7 3 6 .9 0 fl.l*tM on line in Teun
93
As co llatera l
Ala- A M l»s. old 1st and 2d m o rn . (See t e x t ) ......
____ •54'07
As co llatera l
7
Various.
Jan. 1, 1915
Bonds o f 1980,sccured by old m arte-intrust, gold
See
19*0
1,000
2,155,000
J. A J. July 1892, last paid,
Jan. 1, 1915
..
Old 2d m ortgage bonds, extended iSee t e x t ) ___ c text. 1867
1,000
105,000
u . A J.
do
do
Jan. 1, 1915
Cons. M. o f *77 w ith 1st lien on 93 in. in Tenn.. g.e*
293
1877
1,000
1,400,000
A J
do
do
Jan. 1, 1915
1 $
ConeoL m ortga ge o f 1877, g o ld ........................... c*
293
1877
1.000
804,000
P L W£ a j .
do
do
Jan. 1, 1915
gG eneral m ortgage, g o ld ..................................... car:
293
1884
1.000
1.000.000
e g. j . a j .
do
do
Jan. L 1924
t s
l*
F. * njnxoe. - F rom January 1 to M arch 31. 1893 (3 m onths), gross.
M a r i e t t a A N o r t h G e o r g i a . —Owns road com pleted in A u
*1,106,502. aga in st $1,009.959 In 1892; net, $355,920, agsL $339,981. gust, 1890, from K n o x v ille , Tenn., to M arietta, O a , 217 m iles
A n n u a l R e p o r t .—Fiscal y e a r ends 8 « t 30. R e p ort fo r 1891-92 w as branch. 7 m ile s : trackage. W estern A A tla n tic Railroad. M arietta, O n !
In V. 56. p. 976. N ew equipm ent costin g $210,401 was charged to to A tla n ta O n , 20 m ile s ; to ta l operated, 214 mi Ice.
O perating expen se* In 189192.
H i s t o r t , Rix-givKKiMiip, A c .—co m p leted In 1890 and oonaolldated
T ea r e nd ing Sept. 30 1889.
1890.
1891.
1892.
w ith K n o x v ille Southern.
In terest defaulted Jam 1.13 91, and J. B
M iles op erated ................
647
741
821
822
G lo v e r a ppointed perm anent rec eive r on Feb. 23. A foreclosure suit
T o ta l gross ea rn in gs........ $3,828,162 $4,226,465 $4,324,905 $1,757,603 w as Instituted to A p ril, 1892. T h e A tla n tia Tru st r.v.rcuniiaU ou plan
h a been
N e t e a rn in g *......................................... $1,313,447 $1,367,798 $1,382,527 $1,695,813 d ecla red op era tive . See the plan In V. 54, p. 887.
It
O ther rec eip ts......................................
18,59*2
43.765
39,074 00,817 Is proposed to consolidate M a rietta A N orth G eorgia. 231 m iles,
K n o x v ille B elt. 4 m ile s ; K n o x v ille Cum berland G ap A L o u isville, 10 s
m iles: M orristow n A Ikim berliuid Gap, 40 tu lles; ilh a tta n ooga South
T o ta l net Incom e...........$1,332,039 $1,411,563 $1,421,601 $1,750,630
ern, 96 m iles—• total o f 474 m iles o f constructed road. 8eo eaoh 00m
............... $233,427
$284,655
$300,093 $180,887 pany. Kxtanslous to B ristol, A tlanta. C hattan ooga and Birm ingham
R e n tal* paid.
In terest on bond*..............
798,391
821.105
828,189
830,308 In v o lv e the eo n itrn c tio n o f 174 m ile* o f road. (V . 55, p. 995.)
D iv id e n d *..........................
215,616
215.616
215,628
268,185
O b u O a T io s s .—I n addition to bonds In tab le ab ove the com pany 00
Balance, surplus...............
$84,605
$00,127
$17,691 $170,950 June 1,1892, had the fo llo w in g o b lig a tio n s ; R e ce iver's certificates fo r
ro llin g stock, $210,000; Mar. A Nor. Ga. okl 2ds, $0.1X8); accrued in
—(V .5 3 ,p . * a o . 9 2 0 : \ . 55. p. 9 7 6 .1 0 7 8 ; V .S O .p. 164.)
terest on first and second m ortgages to J u ly 1 , 1892. about $50,000
do. on consolidated m ortgage, $554,830; contractors' claim s ln litig a
.M a n c h e s t e r A L a w r e n c e s —O w n s from M anchester. N. H . to tion, $350,000; cash ou tla y needed to com p lete im provem ents deem ed
M ethaen (8tate L ln ei. 22>s miles; leases Methuen Branch, 3 * miles.
essential. $050,188). R eceiver's ce rtifica te* fo r $1,000,000 w ere auLeased fo r 5*1Tears from Septem ber 1, 1687, to Boston A M aine at a th o riied fo r pu ttin g road In good condition. Stock (Inclu din g K n o x
rental p a yin g l o per cent dividends, at which ra te dividends had bees v ille Southern). $5,250,000.
$ *ld fo r m any years. Bull has been instituted to rec o ve r $1,000,000.
E A kM S.i#.—From A p ril 1. 1892. to A u g. 31 (5 months), gross earn
{• I d to be due from Concord Railroad. See referee's report Jan.. 1893.
Ings $37,449. (V. 54, p. 203, 887, 924; V. 65. p. 867, 995.)
In V. 56, p. 82, under Item as to B oston A Maine.
M a r q u e t t e H o u g h t o n A O n t o n a g o n . —Bee DULUTH a. 8. A AT.
M a n h a i u n R l r v a i e d . - R u 11, O r K a v r r D .- T h ls com pan y con trol*
and operates all the eleva ted railroads In N ew Y ork C ity. T h e main
M a s o n C i t y A F o r t D o d g e . —O w ns road from Mason C ity, l a . ,
Mack in Its system aggrega tes 32 miles, besides which It ow n s and lo (s-lngh. la.. 88 m iles, and branch. 4 miles. Mtonk authorized, $5,op erate* the Huburban K apld T ra n sit R R .. 3 h miles.
000,000 ; outstanding. $920,000; par. $100. In teres t due aud accrued
H t n o t t , E tc . - Form ed N ov. 2 4 .1 875 , to operate eleva ted railroads J u ly 1, 1892, $4962*00; bills payable, $3,483. In y e a r en ding June
In N ew Y ork c ity . In June. 1884. a ll lia b ilitie s o f the leaser! lines 30, 1892. gross earnings w ere $143,199; net o v e r u pen din g ex p en se*
w y o assumed and $20,060,000 new stock w as authorised to retire and taxes, $28,911. T o ta l d e fic it to June 30, 1892, $401,404. P r e s i
old stocks. In M ay, 1891, $4,000,000 stock w as Issued o J acquire i t s den t Jam es J. I llll, o f Bt. Paul.
Stock o f 'b e eubun.an Rapid T ra n sit R ailroad, which ow ned a brid ge
M e m p h i s A C h a r l e s t o n . —R o \ i> ._O w n s from Mem phis to S t e v
koto"* the H arleui R iv e r, and had a road in op eration to xear 171«t enson. A 1 , 272 m iles; brauches - t o S om erville, 14 m iles; to Florence
a
Btreet, N. Y „ 2>a m ile*. Bee V. 5 *. p. 642. C oncerning talked o f ex- 0 m i l e ; lease* Stevenson to Chattanooga, 38 miles; tota l op erated '
tenalon o f com pany 's lines see V. 56. p. 1 x 7 ,1 2 8 ,2 0 6 ,6 2 1 .
330 mites.
B onne a s h I.t4HH.1 t ir s . —T h ere a re considerable c laim s pending
FI 1ST. .n r , E t c . The East Tennessee V irgin ia A G eorgia RR . on June
•gained the eleva ted roads fo r dam age to prop erty on thetr line*, and 30, 1*92. ow n ed $2,774,025 o: the stoek, bu t Its rig h t to vo te on l t i s
m any o f these are b efore the courts. Bee C n m .n c iA V. 56. p. 289. contested. CBee V. 50. p. 703; V. 52, n. 831.) On July 14, 1892, H en ry
T h e consolidated m o r t a g e (trustee. C entral rTust Com pany. Is bin (ted Fink was appoluted receiver, and on Ju ly 25 C. M. McGhee Joint r e
on present m ileage to *40.000,000. and w ill p ro v id e f o r prior bond* ce iv e r In Interest o f the East Tennessee. V. 55, p. 100. 177. Coupons
when doe. Further am ounts m ay be Issued fo r s i tensions If desired due J u ly 1 .18 92, w e re paid w ith Interest Jan. 3 ,1 8 9 3 , bu t paym ent o f
i * ft® J'**®.0 * * J‘ *).0 0 0 per m ile o f sin gle and 6600,000 p er m ile o f Janu ary, 1893, coupons w as deferred, g eo V. 55. p. 21.1110.
double track, usee abstract o f m ortgage In V. 51. o 248 and .D u lles
Bo b o s . - T he 7 per cen t bonds o f 1880 are a ll eq u ally secured by
Bon to N ew Y o rk Stock E xch an ge S t V . 52. p. 353.,
PP
deposit In tru st o f the en tire Issue o f the com pany's old first m ort
I.’m * * per r e n t ; In 1885 to 1887. Inclusive. 6 : In g age bonds o f 1854. and all but $105,000 o f its second m ortgage
1888 ,5; In 1889. 1 In cash and 4*a In s c r ip ; lo 1890. 4»a cash and I t s bonds o f 1807. Tin- bonds o f 1880 h a ve th erefore a first lien on the
200 m iles o f road in Mississippi and A lab am a and co ver, subject to
H 1,. ? e*“ h : ln * * • * ■ * “ •. 1*$; A p ril, I >c Ju ly, 1 **; OeL.
*
to 1893. Jan., 11* p. o.; A p r il, 1«» p. o.
the Tennessee State loan, the 03 m iles In Tennessee. T h e consols o f
1877 c o v e r all the p ro p erty, Subject to the p rio r liens, nud $1,400,000
o f them have a first Hen on the 93 m iles In Tennessee through deposit
in Tru st th e re fo r o f the Tennessee M a te loan fo r $1.7:16,906. T h e
Farm ers' Loan A T ru st Co. Is tru stee o f the deeds o f 1880 aud 1877the C entral T ru st Co. o f deed o f 1884. N o fu rth er consols ouu be
1 Juo,,* £ AL
Cash d ividen d* w ere resum ed In A pril, issued e x e e p t to retire p rio r liens. Juno 30, 1892. oar trusts w ere
1890. a fte r (ou r dividends o f I S per cent each had been paid to scrip.
$105,187; loans am i bills p a y ab le, $123,297.
_ L a t e s t £ a an is o s .—The re p o rt to the N ew Y ork B u te R a ilroa d Com
E ar b tb o s .—J an. 1 . 1893, pi A pr, 21,1893 (3 \ m onths!, gross. $491
missioners (or the nine months en din g M arch 31, was as fo llo w s :
058. against $451,328 ln 1892.
’
I sens.
tiroes.
S e t.
Other isc. Interest ete
Bat. tu rn .
A n b it a l R e p o r t .—Fisc a l y ea r ends June 30. R e p ort fo r 1891-92 in
1 2 £ ? '2 ? .$8,206.79* $1,070,755 $ 105,000 *1.1134/298 $2,191,457 V . 56, p. 537, s h o w e d :
1 8 91 92
/,922.478
3,917.812
105,000
1,809,188
2,213,324
Tear.
Otross.
Met.
Other In c. Charges.
Balance..
A s s t t l R k f u a t . - F iscal y e a r end* June 30. Annual m eetin g la 1891-92............. *1,523.037 $350,013
*8.716 $439.918 def.$80..688
held the second W ednesday In Novem ber.
1890 9 1 ............. 1,740,503
503,049
30,079
442.905 sur. 9 « , 163
1889-90............. 1.774,130
554.325
T ear e n d in g Ju n e 30—
18 8 9 -9 0 .
1890-91.
13,022
438.828 sur.129,119
1991-92.
Ores# earnings
Charges In 1891-92 Included—In teres t on bonds, $179,660; taxes
...................... $9,388,081
$9,959,710 $10,835,978
N et o v e r Oil,, and ta x e s...........
4,081 552
4,504,080
4,912,705 $51,807; other. $8,451. (V. 51, p. 270. 4 5 0 . 612; V. 52, p. 831; V. 53.'
to te rm t and ren tals............. .
1 .51*7,88 0
1.907,194
1,917.052 p. 8 3 5 : V . 55. p. 21, 100, 177; V. 50. p. 4 3 7 .)
D ivid en d s...................................
1,560.000
M e r i d e n W s l e r h u r . A C o n n e c t i o n ! —Owns from C rom w ell.
1,020,000
1,800,000
Conn., v ia Meriden lo W a terba ry, Conn., 30 miles. Leased fo r 99 years
ftorplu# o v e r d iv id e n d s......
$923,872
$976,586 $1,195,713 from Hept. 1, 1*92. to N. Y. A N ew England a t $22,500 per annum,
payab le in semi annual Instalm ents d ire c tly to tru stee o f m ortgage
Num ber n f passengere carried and gross earnings have been ;
Farm ers' Loan A T ru stO o.), to be applied to interest on bonds. Block
T e a r end.
Y e a r end.
60 0,000 ; par. *100. (V . 54, p. 307, 048.)
S e p t 30 .
F-amlngs.
Bept- 30. Passengers. Earnings.
1880-81...
T f e i r o p o l l t a n W e s t S id e E l e v a t e d ( C h i r a c : * ) . —O rganized to
$5,311,076 1880-87... 158,963,232 $8.102,002
1881-82...
5,973,033 1887-88. ..171,529,789
8,073,871 build an ele va te d r a ilw a y In Chicago, running from the B oard o f Trade
1882-83...
B uilding w esterly nbnut 4 m iles, v Itli branches; the total length to bo
6,380.500 18888 9 ... 1 7 9 .4 9 7 .4 3 3 *8 9 ' ' ' “ 1
9,080,881
1
10>a miles; first tw o m iles to bo fou r tracks, the rest tw o trucks. Th e
$7 23 ,83 2 1889- 9 0 * ..! 85,833,032
1884 85 . I02/J54/729 7,000.500 1S90-9I* .190,714,199 9,388,081 righ t o f w a y Is to be bought and ow ned In fee, and w ill bo m ortgaged
9.959,710
1886-60. 115,109,501 7.420,210 1891 92* 213,092,570
to secure the bond-. Stock autliorU ed, *15,000,000. Road is being
10,835,978
built und.-r con tra ct by the W est Hide C onstruction Com pany, and dur
in g construction the vo tin g pow er on the construction com pany's stook
' Y ea r ending Jane 30.
w ill i.e In the hands o f G. C. 1 lurk, o f Clark. D odge A Co., N. Y . ; G eorge
P
840;
C. Allen, o f Busk A Jevons, N . V.. and H. L . U lggin son , o f Lee, H ig g in
Bj 7. 103-. , V. 56.
127, 200, 289, 621,
son A Co., Boston. V. 55. p. 1035 ; V. 50. p. 206.
i
•>19, 6.9,800,
p.
v . 51.
203,243. 836.) 55, p.
835. V.
ct>
«•>
IN V E S T O R S ’ S U P P L E M E .N 'i.
M A P OF T HE
AND ITS C O N N E C TIO N S.
LVol. LVI
MEXICAN CENTRAL
RAILW AY
UAlLROAi) STOCKS AiMI) BONDS.
Ma y , 1898.)
85
S a b a ^ rit e r g w i l l c o n fe r a g re a t fa v o r b y g i v i n g im m ed ia te n o tice o f a n y e r r o r d is c o v e re d In these T a b le s ,
RAILRO AD S.
For explanation of column headings, Ac., see note
on first page o f tables.
IN T E R E S T OR DIVIDENDS.
"Bb'iJdk-PnnSr
Miles Date Size, or
pal,When Due.
Amount
of
of
Par
Outstanding Rate per When Where Payable, ana by Stock#—Last
Road. Bonds Value.
Cent. Payable
Whom.
Dividend,
j f r » . Little Sack <t Ind. Ter.—l st M. for $1,200,000.
Meriden. Waierbur« it Conn.—1st m ortgage............
30
Metropolitan Went Side Slerated (o/Chicay,,, Stock
1 st St. ($15,000,000) gold................... ; .......
Mexiean Central—Stock, $25,000 per m ile___
1st mortgage pmassented)...................................
Consol, mortgage, $32,000 per tulle, gold___e\vr 1.S32
1st consoL incomes,non-cimi.($9,«ixn>.in.),gold.e' 1,833
20 eon.toe.$6,400p.m.ml.at SOp.e.ttll Aug. 19290 1,832
Registered income bonds, unassented...............r
Mexican International— 1st M.. $30,000 p. O . J t t 'U
573
Mexican NaNonot—Stock................................... .....
1st M „ subsidy, gold, subject to call at 100___e ' 1.064
2d lI-./ser.-'A,” g., toe. accuni. (for $16,675,OOOle- 1.064
2d M.,*er.“ B,” g., toe. non-ae. (tor $16,675,000).r 1.064
3d mortgage, deb. (income not cumulative) gold .r
Mexican Northern—Stock........................................
‘ 83
1st mortgage, U. S. gold coin, s, f. not called___e'
83
Michigan Ventral—Stock. . . . . . . . . ___
ConaoL mort,—now 1st M. ‘$*2Jm
X),O00 are 5a)7
<
270
M. C. Michigan A ir tin e, 1st mortgage.......... l _
115
M. C, 1st mortgage on Grand River Vsil. R K .. cor
84
M. C. 1st mortgage on Kaliuuaxoo & 8, Haven.cAr
39
Grand River Valley stock. 5 per cent rental.......
84
Detroit * Bay City 1st mortgage endorsed.. . .c.tr. 147
St 0 . 1st St. on lif t . * Bay City MR., coupon___ :
do
do
registered....
Jack.Lana.A Sag. stock, 3% p.c. y 'r ly ,* «u - !>v end.
Cons, mortgage. a.-stt!u<Hi, extended to 1891 .ever
Bay City A Battle Creek 1st M., gold, gu. p . * l . . o i
Battle Creek A Sturgis 1st M., gold, gu. p. A t .. . cl
Joliet A Northern Indiana U tM ., guar, by Si. C..c;
147
147
295
205
18
11
45
1890
1888
$ 1,000
$450,000
W
1892
i
5
5
10, 000,000
" s 'g .
47,841,100
769.000
(7 )'4
56,894,900
4 g17.218.000
1.000
11.216.000
I*
1.000
587.200
3
1.000 14.000.000
4 g.
.... I
100
33.350.000
1887
1,000 11.876.000
1887 500 Ac. 12.265.000
£ *■
1887 500 Ac. 12.265.000
6 g1887
1,000
7.040.000 „
6 »•
|
100
3,000j000 6 per an.
; 1890 i 1,009
1.660.000 _
C g.
100 18,738,204 See text,
,'72-’82 1,000 10 . 000 .
0007 A 5
! 1890 1,000Ac
2,600,000
4
1.000
1.500.000
1,000Ao
700.000
5
50
491.200 5 per an.
| 1872
1,000
274.000
8
1 1873
1,000
150.000
8
1 i88i i.ooo&c
5
i 1881 1.{)00*<S jj 3,576,000 , 5
ioo ' 2,000,000 3%p, an.
71A80 1.000 I 2.234.000
$
! 1889
1.000 i
250.000
3 g.
! 1889 | 1.000
421.000
! 1877 I 1,000 1
800.000
I*
1881
1889
1889
1889
1881
1892
1,000
1.000
1,060
6
M. & N. N, Y „ Holland Tr. Co. May 1 , 1940
J. A J, X, Y., Farmers’ L. A Tr. July 1, 1925
F. A A. N.Y., 15 Wall St, A Chic. A u g . 1, 1 9 4 2
J. A J. Boston,SafeDep.ATr.Co July 1, 1911
J. A J.
do
do
July 1, 1911
July 10 Boston, when earned. Jan. 10, 1939
Jan. 10, 1939
July 1
July 1, 1911
M. A 8. X , Y . , C o m p a n y 's O ffic e Sept. 1,1948
J. A D. ■ . Y .t Nat. 01tv Bank. June 1, 1927
V
>t. A 8. Paid 2 p. ct. Mar, 1, '93 July 1, 1917
A p r i l 1.
July 1, 1917
M ay 1
July 1, 1937
Q .-F , N, Y., office, 42 Pine St. Nov. 15,1892
J. A D.
do
do
Dec, 1, 1910
F. A A, N, Y. Gr'd Cent. Depot, Fob. 1, 1893
M , A X. N. Y., Unjon Trust Co. May 1, 1902
J. A J.
do
do
Jan. 1, 1940
M. A 8.
do
do
Sept, 1, 1909
M. A » .
do
do
Nov. 1, 1939
J. A J.
do
do
Jan. 10, 1893
M. A X.
do
do
May 1, 1902
i t A N.
do
do
May 1, 1903
M. A 8.
do
do
Moh. 1, 1931
Q —M. N.Y., tir'd Com. Station. Mch. 1, 1931
i t A S. X. Y „ Union Trust Co. March, 1893
M. A 8.
do
do
Sept. 1, 1901
J. A D.
do
do
Dec. 1, 1989
J, A D.
do
do
Dec. 1. 1989
J. A J. X. V „ Farm. L.A Tr. Co. July 10,1907
M e x ic a n C e n t r a l ( M e x i c o ) . —(gee Map)—Mileage—Main line
. T.H K —S!«.'k, 7.13,350,000 (par $100), placed in trust with the
Mexico City north to Juarez City, 1,234 mile*, 412 ra !l«» on Tampico 1 M u m Loan A Trust Company. leaving
Division, 11 miles on GtiaiMduato Branch, 161 mile* on Guadalajara iia Hiongag© bondholder# until it earns andthe road in control o f 1st and
p a je interest on both classes
Division and 17 miles on the San Bias Division. 44 miles on Pachnca o f bonds for two eon»ecntive year^, in which event the control revert*
Division, and branches 7 mile*; total Dec. 31,1892.1,970 mite*.
to the stockholders. The Mexican National Construction Cotnpanv owns
O aO isiX A T ioV to eo rp o rated February 25, 1880, under the general o ver £17,<*X>,000 of the capital stock and $7,000,000 of the inoomes.
law nf MaajaohtweUs, and ateo hold* a charter from the Mexican G ov
B ox m - - T h e first* martgag* o f 18*97 la a prior lien upon all the
ernment. Debt readjusted to 1889—see V. 48. p. 191, 292, 327.
Un**^ m Mexico, cenatmet-ed or to be constructed, and upon the Texas
8t;n«a>t.—In July, 1890, a contract wa* mads i,r which aii subsidy M e x ic «» securities Tlte bonds are redeemable on notice at par, Trag*
payment* on Hue* then con atraoM Were discharged by the oavinent o f f tn f
?r* ”
Si g
ict,
V * * % * a andihipu W. ti.• RaouU On « an. 1 , 1893, S783,. *■
* * ” Htlvul. wu Jan. * t lov4i f7o8»*
f1
to Mexican silver. The total
tiflO nils* *! by Nate o f 0 r*t mortgage hmid* i¥*mnin*vf anexpendsd: S734,« !.* rairnsl by .U lcof first niorttrace bonds remained
,»l.lli.i
V t '
beginning, Including this tettletaciM, amounted to about *17,800.000 . * ! ( o f t i l l . being in ,capital ireserve IU U U , $141 in ______ ________ fundfund, I
bettermenta
» hula i i f
L
to American money. Sec V. 54. p. 705. By the gutMtractfonof the and $48.913 b « <! ffur .debt* n t rold ng4tn«sv,.vx«v 'T S ,.. „ „„ t k i , . i ...... » issue Z *
o f t M company. The authorized
at
Fachuca Division the company owns an additional subsidy o f *8,000 Uivt mortgage bonds was $12,500,000, and the amount outstanding
mUo on 44 mile*, payable in .M xican 5 per emits The'company bit* been reduced to pr. -ent'fl^mr.- by reTtemnUon'"with aubuidy o l
e
received under the Tampico Harbor Concession $1,140.000 0 per * » 1 0 ,iX » H i____ _and of $305,000 In 1892 OB June ..................... - 1891
1
031, 1893, $298,000
cent ( f w w w m t Bonds corresponding to a depth o f 10 feet la the more w ill be paid.
.shMUMd At the ptwont tone there are 19 feet to the channel, which
The 2*1 mnrignae beads, settee " A ," are strictly cumulative, and not
estlltee the Company to $1,545,000 more bonds, and R w ill tie entitled f»rve.(».abie while stuck remains in trust a* above stated; the 2d uiorte
to the balance o f the total am on nt o f $3,000,000 o f bonds when the gage bond*. * « h» *• B.” arc uou-ciimulative; trasten*. Lyman K Bass
channel teaches a depth o f 22 feet.
and J. a . Horsey Third mortgage trustee*, f . J. Candaaad If. A. Rteley.
o n Mcrte, - I bond* from earning* of 1892 2 par cent was paid
The $7,000,000 priority bond.* were paid off with proceed* o f subsidy
collections, Interest ceasing April 10. 1891, See V. 52. p. 390. On March 1. 1*0.1. Loan* and bill* parable Jan. 1, 1893. $119,132. ‘
Jmmmry 1 , 1893, f&eres wan le ft o f %lw
in tn i*i
i I »3Ti* to t>e ( o f the 2d mortgage bond*. $5,000,000 (one-half each eerie* A and BJ
M «d whenever necessary tor the payment o f principal and interest of Jentered tutu a special trust arrangement by which they are drawn for
the consolidated mortgage bonds. In addition to which were the payment with proceeds of eertaln subsidy certificate*. See V. 56. p 20
and 1 IS.1KC14.L Rx v ik w for 1890. page 59.
v
amounts receivable under the Tampico llarbor concession.
L atkst R * I(* i * 6*. -From Jan. 1 to M arch31, 1893 <3 months), gross
Bowb*.—The consolidated mortgage 4 per cents {trustee, Boston
W e Deposit A Trust < «rapaBy> cover the entire property, a ll old drst* $1.14.1,,91. again.t «'.I92,784 in 1892; net, $415,1140, against $291,464;
deposited, and the subsidy earned and to be earned, (See abstract of .afteu- deduct ing other repair* anu general expeusra, net earnings
mortgage in Cttaowici.*, V. i» , n. 177.) Both mrtes ol incomes are appltcubte to InteriMt on bonds were $191,556, against $203,220.
grra-cimulative end * « m d by one indenture to the American Loan A
.
A x xtu t. K ttroRT- Fiscal year ends Doe. 31. ReiKirt for 1892, with
" P f i w W H i Yirei robsolldatoa Income* received 3 per cent inter* tiie balance sheet, etc., was given in V. 56, p. 499. Gross namings
eat July 10, 1890, and3 per rent in JoJr, lM>t and 1492 reap*-, lively.
below arc in Mexican currency, nil other figures In U. S. currency.
IstTegT Kaninwo*. A< .-F ro m Jan. I to March (it, 1893 (3 months),
INCOMB account—m. », coMUMcr e x c z r t <m om babninosi.
Y e a r t iv C y D ee, 31— 1880.
1890.
1891.
1892.
S L e ^ 6 7 t * i^ ffir t ^ n ,M L ^
‘ Tl
HStt'038»“ 1w '-i Miles operated....... .
5,213
1—18
i ,i * o
1.218
1,218
Aitstut. R k po kt —Fiscal year ends Dec. 3!
Beport for 1802 in V. Gross earning*.$3,600,12-1
•3.754.966 $4,206,422 $4,756,030
P- ‘ .14. >52, i,>4, gave a fn0 .aevouat o f tho affairs o f the coiniuioy N o t c o r n in g * ..... $ 5 3 3 ,3 5 4
0061,004
$892,788 $1,346,398
and It* prowK-cw. with earning*, baiam *sheet, Ac, The gross m rtS n m Interest and discount.
9,i0<)
heiow are Ifejnra* eurreneit, all other figures U. g. en rrm -u. In 1892 Subsidy receipt*........
184,425
305,314
112.500
the company tmtehred an average o f only 6S-26 cent* for its Mexican
dollar*, against 76 74 eentt In 1801, and ewtuteataattly net earning* in r . T" '- 1 >" t I. .
l
. *730,888 “ feii 1.589 $i.iKi5.288 *1.346.898
to *- currency were only #2.W»'1»5I5, again*! $2,068,012 In 1801.
L u .o n l. t M. iwnd*.. $753.-80
$-H8,500
$738,835
$720,185
w o o u k aoootsrr—w. *, c v M u a c v r x c x r r s * i .*oicats » )
Ml*. , iK t m ts, etc.
32.I HI
135.654
412,137
38H220
Year radtnp Dee. 31 1889.
1890.
1891
1802
A V ge miles operated ....
1,402
1,527
1,005
1.825
Ba>»n«e ...............df. $49,111 sr. $36,435 d f6 $ l45,684 sr.$245,493
gross earnings. Me*. ttnr.W ,337.225 f 6,125,694 $7,374,539 $7,063,234 - I V . 54. p. 596, 603, 762. 844; V. 55, p. 256; V. 56, p. 206, 4 99, 501,
Net stuns. Me* enr...... $2,825,398 $2,424,324 82.IRH.750 $2 961,167
Do do In U. a cur— 2,096,056 1,978,157 2.068,013 2.021,515
„ *?.**,*?.*" N o r t h e r n . —Owns from Escalou, Mexico, on the Mextoan
SulMidy aeCt in T7. 9. eur.. 812.912
601.127
300,000
500,000
'* f a' ' w
Mojada,83 miles,all steel, completed in July
K M t m u m n in V . 8. oar.
22,542
17,953
7,170 J*91,’ T} l
the State Trust Co. of New York is
S
T . T o t a l n e t in c o m e .........$2,931,5 10 $ 1 .7 *7 .2 3 7 $ 2 ,3 ti8 ,0 1 3 2.528.11*5
t o t e r a j t on b o n d s ...
..
2 .0 3 9 ,6 4 3 2.4 34.58 1 2 ,3 2 1 ,1 8 0 2 ,0 07 7G9
x t e c e u a M o n s ................
io r »,«8 i
an
y o .374
......
_B aian ««......................*r.t7*5,9.98 *r.$ 162.395 ” "$7,159* d f 139,0*4
fo r the sinking fund. None of the bond* arc subject to call before
maturity. D iv id e s ).,* from February, 1892, to November, IM92, both
S w d f t & I S “ U J t S f 11.
W
ls fa - “
t B a ia n ee to c r e d it o f In c o m e a c c o u n t D ee. 31. 1392. w a s $12 2 6 2 0
— (V, 54, p. 159, 745. 760, 70S, V. 55, p, 938; V. 56. p. 7 3 4 , 7 5 2 .1 '
" r t l e s s I n t e r n a t i o n a l . —(.8r* Hub Southern Foef/fc)—BoAII—
Own* to Mexico a stawtard gauge road from t'iiidsd Fortl'rio Dias, via
Torrwm, on M s t o j Osntral. to trarango. .540 mllro. with brsorties,
*01 Oetobor. 1802. fa p ita l stock Dec. 31, 1892
|tS£?5,OaO: unadjusted account*. SI07.598; accrued t e t e w t , $136,667. Mortgage trustee. Metropolitan Trust Company of New York
A xxijal R bfu st ,—Report for 1892, V. 56, p. 811, 834, showed gross
* te , <*,rBof
r
m ites,of $2,005,726 ikexlcan currencv):
£Sknri52’S iy ‘
«>u purchases in United States, 303,621; total,
$840.436, (0(0*110 L 8 c-urrcncy to $553,1124; other Income. 312.2*2
i.
deduct Interest accrued 8> pf. 1 to Dec, 31, 1892, * l * « tu n mfscoila^
lico;)-. $23.4-5. P re s id e n t,!. P. Huntington, S . Y City- New 'York
office. 35 Wall street. (V. 60, p. g , 1 . 8 * 4 .,
ac
1 orK
*7. * l r * n
N a t i o n a l i t a l l r o a d ( TH * l c o ) . - O w n s fr o m L a r e d o
to a t v o f M e x ic o . 8 4 2 m ile - ; A n tu u W r o to P a U n a r o . f#« m ile s ; E l
8 » i t o ,bran ch . *., mure, M wU mv irs * t o Sun Mlgue.1. 7 0 mites; s m a ll
I. 4«> m ile s ; a a n o n s (,< ran nigUAf. «
>
small
branches,., miles; Intel owned. LOS-t miles; controls through ownership of *tr» u. Texas M .-,ie»u Railway, Forint* Uhnsti to Jatredo,
jiattway, t;onni* Cbristi
Isirt-do
1$ li 4V
I“ i t T *1A P m i 3r 1 , total 4 (>■*);» . . i t
it
i.
Texas, and braneii, 163 miles; other Ihn-*, 5 mites; d o t „ 1 1,232 milvsl
n^ t ^ S ? f r t >x t ^ W A?f th*
National Ratbrop. sold in
lam tv Ma,t
IBH7. A ll# ownn all ibc* T«%xa« M^xinm f|*y ilrut
and second roort, bonds and $2,453,750 of it* $2,500,000 capital stock.
'f
Bw fBli particular* in Supplement for Jiuiuw Ji w-'raa,
* p0,1" !ll>& u' »he new first mortgage bond*
000,00 Msxlran money, o f which about half bos been paid.
R c« e l p u a r e to b e a p p lie d t o In te re s t tin bon d s, o r t o t h e ir p a y m e n t
w h en d r a w n b y lo t. A b o u t $ 1 0 0 ,0 0 0 a m o n th I* n o w b e in g co n n o te d .
S-uii « ?hT°itol0 *ol? I,e. r ,0“
,
(Canada Southern), 826 miles;
a,alnr„l!n/''
mite*. Braoclien owned and leased 1,128 m iles:
v S fif
\
January 1* 1893, 1,038 miles.
Then, are 244 miles of second track and 810 miles o f side tracks.
’5'® Michigan Central wa* chartered In
184t>, the whole line. Detroit to Kensington, was opened in 1852. T h «
line* described above a* leased arc all hold by the Michigan Central
nominally under loose* a t fixed rentals, but are practically owned,
tn November, 1882. a close contract was made with Canada Sou thorn
for working it* road by the Michigan Central and for the division o f net
profit* over m chargee a* follows -one-third to Canada Southern and
two-thirds to Michigan Central; but the Michigan Central was entitled to
an increase on this proportion as it diminishes its Interest charge by
payment of bonds or otherwise, and hence latterly obtained more than
two-thirds of the net income, The contract provided fo r a re-apportion
ment every five years and in, the re apportionment December, 1892, it
was agreed that the Canada Southern should thereafter receive 40 per
vent and the Michigan Central60 per cent of the first $1,000,000 of
mu earning*, any amount over that to be divided as theretofore—onetlnrd to C. 8. and two-thirds to M. C. V. 55, p. 1078.
Ca p it a !, s to c k .—
-The stock has remained at same amount since 1878
prvroKWDS since 1882-In 1883, 5 ; in 1884, 3 ; in 1885 and 188(3,
nil; t) 1887 and 1888.4; in 1889, 4 ; In 1890,5; in 1891,5; to 1892,
5%; lu 1893, February, 3% per cent, o f which 1 ' i extra.
P rice of stock . - I n 1884, 51 %39 th,: in 1885,4 6»a»7 94 t; to 1886,
61 s rOHh; i" 1887,80*9.-.%; to 1888. 7 2 *9 2 % ; to 1889. 8 -i> »»9 9 k '
fu 1890.83V in t h ; m 1891, 87<s®109%; in 18p2 102*117; to 1893'
to May 19, Inclusive, !)(> iH08>y.
INVESTORS’
86
SUPPLEMENT.
(V ol , LVI,
S u b s c rib e r s w i l l c o n f e r a a r e a l f a v o r j b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s
Bo n d*— P r in c i
IN T E R E S T O R D IV ID E N D S .
p al, W h en Due.
Am ount
R a t e p e r W h en W h e r e P a y a b le , a n d b y Slocks— L a s t
O u ts ta n d in g
W hom .
C en t.
P a y a b le
D iv id e n d .
RAILROADS.
M ile s D a t e S ize, o r
Par
of
of
F o r e x p la n a t io n o f c o lu m n h e a d in g s , & « ., see n o tes
R o a d . B o n d s V a lu e .
o n fir s t p a g e o f ta b les.
M iddlesborough B e ll—1 st m o r t fo r $ 1 ,0 0 0 ,0 0 0 — o
U iddlese .r V a f . - l e t M .$ 6 0 0 ,0 0 0 ,g .,($ 2 0 ,0 0 0 p .m .)c *
M id d le to w n V n. d It . Gap— 1 s t M ., e x t i n -8 6 ........c*
16
22
13
2 d m o r t gu a r. In te re s t, re d u c e d t o 5 p e r c e n t...o '
M ilw a u k e e L a k e s h o re <t Western—C om m o n sto ok .
P r e fe r r e d s to ck . 7 p e r c e n t ................... ................. . .
u on soi. in o n . (n o w i s c u iv r u i
ax. « «
M ic h ig a n D iv . 1st m o rt. (fo r $ 3 ,0 0 0 ,0 0 0 ), g o ld .o '
A s h la n d D iv is io n 1 s t m o r tg a g e , g o ld ............... . . o ’
1 st M s. H u r le y & O n to n ,b r'c h e s ,g o ld ,(d r’ n a t 100).<
Oonv. d eb en tu re s, sec u red b y m o rt o f 1889, g . .c"
E x t & Im p M . fo r $ 5,000,0 00, go ld .s .f. n o t d F n .e *
In c o m e b o n d s (n o t c u m u la t iv e ).......................
E q u ip , b o n d s 1885 ($ 1 0 0 ,0 0 0 d r a w n v e a r l y ) -----Marshfield E x . 1st M .f o r $ 0 0 0 ,0 0 0 ($ 1 5 ,0 0 0 p .m .c*
8 t P a u l E a s t, t ir 'd T r u n k ls t ,M . g o ld ,tn t. gu a r.e*
M ilw a u k e e d L a k e W innebago— 1 st m o rt., g o ld .0*
Inoome m o rt. (c u m u la tiv e ), g o ld , in te r e s t p a id .e
D eb e n tu re s , c o n v e r t , g o ld , see re m a r k s ............ o '
M ilw . d N o rth e rn — 1st m o rt., S c h w a rz .to G r. B a y .c *
Cons. M . ($17 ,000 p .m .),ls t M. n o rth o f G r.B a y .c *
M in e B i l l d S c h u y lk ill H ave n —S to c k ................
85
40
16
531
531
40
56
65
65
1890
$ 1 ,0 0 0
1866
1871
100 A c .
1881
1884
1885
1886
1887
1889
1881
1885
1892
1883
1883
188 2
1884
1880
188 4
126
362
53
17
189 1
27
93
15
102
187 7
1877
1877
1879
100
100
1,0 00
500&C.
1,000
1,0 00
360
1882
1,0 00
M in n e a p o lis d St. L o u is —
C o m m o n s t o c k .............................................................
P r e fe r r e d s t o o k ...........................................................
1 st M .,M iu n .to M e r rta m J c ...................................... o'
1 st m o rt., M e r r ia m J u n c tio n t o S ta te L i n e , g o l d . c
lBt M . M in n .& D u l.,M in n .to W h it e B . L a k e .............*
I o w a ex tern 1st M ., g . (A l. L e a to P o r t D o d g e ), . c
C o n s o lid a te d m o r t g a g e ............ ................................
5 0 0 <fcc.
100
100
1,0 00
1,000
1,0 00
1,000
1,000
1,000
1,000
1,0 00
1,000
1,000
1,000
1,0 00
1,0 00
1,0 00
1,000
50
500
.
B o n d s .—T b e J a c k s o n L a n s in g & S a g in a w b o n d s w e r e assu m ed by
M io h ig a n C e n tra l, w h ic h a lso g u a ra n te e s in p e r p e t u it y 3 ’ s p e r o e n t o n J
t h e stook. T h e t o t a l is s u e o f B a t t le C r e e k & S tu r g is b o n d s is $500,000 , b u t o f th is $ 7 9 ,0 0 0 w a s su b -g u a ra n te e d b y th e L a k e S h o re & M ic.ig ia n S ou th ern , 7 m ile s o f th e B . C.’ & 8. b e in g o p e ra te d b y t h a t c o m p a n y .
T h e B a y C it y A B a t t le C r e e k a n d t h e B a t t le C r e e k & S tu r g is issu es b o th
c a r r y th o g u a ra n ty , e n d o rs e d o n th e bon d s, o f t h e M ic h ig a n C e n tra l.
Operations, F inances, & c.—T h e ro a d is o p e r a te d u n d e r a c lo s e c o n
t r a c t w it h C a n a d a S ou th ern , a n d th e e a rn in g s o f b o th ro a d s a r e in c lu d e d
i n t h e sta tis tic s b elo w .
N o t h in g h as b e e n c h a rg e d to e it h e r th e c o n s tr u c tio n o r e q u ip m e n t a c
c o u n t s in c e 188 3, w it h th o e x c e p t io n o f la n d f o r r ig h t o f w a y a n d
te rm in a ls .
A l l b e tte r m e n ts a n d im p r o v e m e n t s t o t h e r o a d h a v e
b e e n c h a rg e d t o o p e r a t in g e x p e n s e s . T h e fu n d e d d e b t w a s re d u c e d in
1892 b y t h e p u rc h a s e a n d c a n c e lla tio n o f f o r t y J a c k s o n L a n s in g
& S a g in a w c o n s o lid a te d m o r t g a g e b o n d s fr o m p r o c e e d s o f la n d sales.
A n n u a l H e port .— F is c a l y e a r e n d s D e c . 31. A n n u a l m e e t in g is h e ld
o n th e T h u r s d a y fo llo w in g th o fir s t W e d n e s d a y In M a v . R e p o r t fo r
10A0 w a s in If. 56, n I7SO
C
1892
V K p. 752.
L e a r e n d in g Dec, 31—
1889.
1890.
1891.
1892.
M ile s o p e ra te d ...........
1,540
1,6 09
1,6 09
1,639
G ro ss e a r n in g s .......... $13 ,7 8 6 ,9 2 5 $ 1 4 ,490,711 $ 1 5 ,1 6 2 ,9 6 0 $15 ,9 0 8 ,2 9 2
O p e r a tin g e x p e n s e s .. 9,8 9 5 ,1 5 8 1 0 ,7 3 1 ,7 5 4 11,107,5 69 12,046,0 95
N e t e a r n in g s ....... $ 3 ,8 9 1 ,7 6 7
$ 3 ,7 5 8 ,9 5 7
P . a o p .e x . t o e a rn s..
7 1-7 7
74-06
N e t, ln c l’g o th e r in o ..
$ 3 ,9 3 8 ,4 3 3 $ 3 ,8 1 6 ,4 5 0
R e n t a ls p a id ..............
$ 1 8 4 ,3 1 0
$ 1 8 4 ,3 1 0
In t e r e s t o n d e b t .......
2,3 2 8 ,2 1 6
2 ,2 7 0 ,0 2 2
M is c e lla n e o u s ............
7 ,7 31
1 3 4 ,7 2 3
C a n . S ou th e rn sh a re
4 0 7 ,4 4 4
3 5 5 ,6 3 3
$ 4 ,0 5 5 ,3 9 1 $ 3 ,8 6 2 ,1 9 7
73-25
75-72
$ 4 ,1 1 4 ,0 1 9 $ 3 ,9 0 8 ,9 9 5
$ 1 8 4 ,3 1 0
$ 1 8 4 ,3 1 0
2,2 5 4 ,9 7 7
2,2 2 0 ,0 5 4
............
4 4 6 ,7 7 6
3 8 0 ,712
T o t a l p a y m e n ts .
$ 2 ,927,7 01 $ 2 ,9 4 4 ,6 8 8 $ 2 ,8 8 6 ,0 6 3 $2,785,07<
S u rplu s fo r d iv id e n d s $ 1 ,0 1 0 ,7 3 2
$ 8 7 1 ,7 6 2 $ 1 ,2 2 7 ,9 5 6 $1,123,91<
D iv id e n d s ................... (5 )9 3 6 ,9 1 0 (5 ) 9 3 6 ,9 1 0 (5 1
c)1030601(5><s)103060:
Sur p lu s .................
$ 7 3 ,8 2 2 d ef.$ 6 5 ,1 4 8
$ 1 9 7 ,3 5 5
$93,31
* B a la n c e to o re d it o f In c o m e a c c o u n t D e c . 3 1 ,1 8 9 1 , w a s $ 2 ,2 9 6 ,7 4 '
- ( V . 53, p. 337 , 968; V . 54, p. 742, 760 ; V . 55, p. 4, 21, 1078; V . 56 l
4 0 3 ,5 0 0 ,7 5 2 .)
’
’
’ J
M i d d l e G e o r g i a tc A t l a n t i c — I n o p e r a t io n f r o m M a a e h e n 1
E a to n to n , G a ., 18 m ile s , a n d p r o je c te d fr o m S a v a n n a h to A t la n t a a b o i
236 m ile s . C o n s tru c tio n u n d erta k en b y th e S e a b o a r d C o n s tru c tio n Con
p a n y , w h ic h o w n s m o s t o f th e sto ck , J. D . W e e d , P r e s id e n t , a n d i
N o v e m b e r , 1892 i t w a s r e p o r t e d th a t th e lin e w o u ld b e a t o n c e con
p le t e d to C o v in g to n , m a k in g 4 4 m ile s in a il. ( 7 . 53, p. 126.)
M i d d l e s e x V a l l e y . — O p e n e d f o r b u sin ess in O c to b e r , 189 2, fro i
N a p le s , N . 5 ., n o r th t o S ta n le y , N . Y ., 22 m ile s e x t e n s io n p r o je c te d .
M ilw a u k e e
I . a k e S H o r e & W e s t e r n . — O w n s L a k e Shoi
J u n c tio n t o A s h la n d , W is., 3 8 7 m i l e s ; M o n ic o t o H u r le y 88 m ile i
b r a n c h e s in (s e v e n n u m b er) t o O sh kosh, W au sa u , & c „ 175 m ile i
b ra n ch es t o m in es, 34 m ile s ; spu rs t o m ills , & c., 49 m i l e s ; t o t a l o w n ei
le,as<® ' M ilw a u k e e t o L a k e S h o re J u n c tio n , 4 m ile s ; S t ]
E . G . T ., C lin to n to O co n to , 56 m iles, a n d spu rs, 4 m ile s ; t o t a l le a s e d f.
m ile s ; t o t a l o w n e d a n d lea sed , 7 9 7 m ile s ; b u t o n ly 7 5 9 m ile s o p era te.
3 6 m ile s o f spu rs b e in g le a s e d to v a r io u s m a n u fa c tu r e rs
1
Stock .—In D e c e m b e r , 1891, th e s to c k w a s e x c h a n g e d f o r s to c k o f t l
C h ic a g o & N o r th w e s te r n R R . Co. o n te rm s m e n tio n e d in V . 55 p 211
F o r m a l m e r g e r p r o p o s e d . S e e V . 56, p. 792 .
1
B o n o s .—T h e d eb en tu re s a re c o n v e r t ib le in to sto c k a t p a r a t a n y t in
w it ln n ten d a y s a ft e r th e d a te fix e d f o r p a y m e n t o f d iv id e n d s o n colum n
stock. T h e e q u ip m e n t bo n d s o f 1885 a r e su b je c t to call $ 1 0 0 ,0 0 0 pi
y e a r a t 105 , a m i th e O n to n a g o n 1 st m o r t g a g e $ 2 5 ,0 0 0 p e r y e a r a t n a
a n d a ll r e d e e m a b le a t 105. T h e e x t e n s io n a n d im p r o v e m e n t i n o r t S
o f 1889 s in W u g fu n d c o m m e n c e s In 1893, and w l H e c e t e f V “ a riy g m
less th a n $ 2 5 ,0 0 0 ; th e se bond s a r e n o t s u b je c t to call,
.
R E PO R T.—T h e a n n u a l r e p o r t fo r 1891 w a s in V . 54 p 59i
I n - } 8 22,.e.r<.)?9 e ilr u m " s w e r e $ 4 ,2 2 1 ,9 4 5 ; n et, $1 ,6 3 0 654 ■ in te rei
„
p a id . $ '£ 9 ,4 8 8 ; re n ta ls a n d m is cella n e o u s, $ 4 1 ,1 6 4 ; d iv id e n d s 17 f
p r e f.), $3oO,0 0 0 ; p in k in g fu n d a n d bo n d s re d e e m e d , $15 9 0 0 0 - M i
* Te lo88i $ 6 .8 o 7 ; b a la n c e , su rp lu s , $3 0 4 ,1 4 5 . In 1891 em i
$ 3 ,5 3 4 ,1 0 4 .— (V , 53, p. 9 5 ,6 7 3 ,9 2 1 ; V 54 p 119 3*>8 , o c . v
218 , 8 9 4 ; V . 56, p. 331 , 3 7 3 , 7 9 2 .)
’ 1
’
5 9 6 ; V • 5 5 >1
*
L u R e W i n n e b a g o . —O w n s N e e n a h to S chleisii
g e r v lllo , \\ is., 65 m ile s . L e a s e d fo r 99 ye a rs to W is Cent
uvl
cen t o f g ro s s e a rn in g s a s r e n t a l ; b u t a f t o $ 1 7 5 ,0 0 0 p e r
Pr
o e iv e d , th e b a la n c e o f n e t ea rn in g s is to b e e q u a lly d iv id e d .3^**1 8 r
Ca p ita l S t o c k .. P r e fe r r e d sto ck , 6 p e r c e n t c u m u la t iv e 4)780 o o i
co m m o n s to ck . $ 5 2 0 ,0 0 0 ; p a r o f sh a res, $1 OO
P r e fe r e e d le s m la r
1 p a y in g (F e b . and A u g .) 4 b i p e r c e n t , b e in g r e g u la r p r e f e r e u V o f «
een t, an d . o n a cco u n t o f a ccru e d b a ck d iv id e n d an a d d ith S ia l 3 u
o e u t - i . e „ 9 p e r c e u t p e r a u m iu i in n lL
a u m u o n a i J p<
B " N d s .— D e b e n tu res N o s. 1 t o 2 0 0 a re c o n v e r t ib le on a n v colu m n da
In t o p r e fe r r e d s to ck , a n d N o s . 201 u p in to c o m m o n ; th e ” L s r e p a y s il
J.
$ 4 2 4 ,0 0 0
6
4 4 0 ,000
o g150 ,000
5 g. M .
2 5 0 ,0 0 0
5
J.
2,6 5 0 ,0 0 0 S e e t e x t .
5,0 0 0 ,0 0 0 7 p e r an. F.
5,0 0 0 ,0 0 0
6 g. M.
1 ,2 81,00 0
6 g. J.
1 ,0 00,00 0
6 g. M .
7 4 ,0 0 0
6 g. A .
5 00 ,000
5 g- F .
4,5 0 0 ,0 0 0
5 g. F .
6
M.
5 00 ,000
2 0 0 ,0 0 0
6
J.
A.
3 00 ,000
5
1 ,1 20,00 0
6 g- j .
1 ,4 30,00 0
6 g. j .
5 20 ,000
5 g. j .
2 44 ,000
6 g. A .
2,1 5 5 ,0 0 0
J.
6
4,0 0 3 ,0 0 0
J.
6
4 ,2 1 0 ,2 0 0 S ee t e x t . j .
6 0 0 ,0 0 0
5 g- j .
6 ,0 00,00 0
4 ,0 0 0 ,0 0 0
4 5 5 ,0 0 0
9 5 0 ,0 0 0
2 8 0 ,0 0 0
1 ,0 15,00 0
108 ,000
3 ,8 8 7 ,0 0 0
7
7
7
7
6
6
g.
g.
g.
g.
J.
J.
M.
J.
J.
J.
&
J. N . Y ., A t la n t io T r u s t Co.
N . Y . , C e n t r a l T r u s t Co.
A N . N . Y „ N . Y . Susq. & W .
do
ao
& D.
N . Y „ O ffic e 52 W a ll St.
A A.
do
do
A N.
do
do
do
do
A J.
A 8.
do
do
A O.
do
do
A A.
do
do
do
do
A A.
A N.
do
do
do
do
A J.
A O.
do
do
do
do
& j.
& j . N . Y ., 36 W a ll S t & B o st.
do
do
& j.
do
do
& 0.
& D. N . Y . , Ch. M il. & S t P a u l
do
do
A D.
& j . P h U a.,O ffice, 119 S. 4th .
& j . N . Y ., T h ir d N a t . B a n k .
A J.
A D.
A N.
A D.
A J.
A J.
Last
Last
Last
Last
Last
Last
p a id
p a id
p a id
p a id
p a id
p a id
J a n .,
D e c .,
M ay,
D eo .,
J a n .,
J a n .,
1893.
1892.
1893.
1889.
1889.
1889.
J u ly 1, 1930
N o v . 1, 1911
D e c . 1, 1896
F e b . 1 6 ,1 8 9 1
F e b . 15, 1893
M a y 1, 1921
J u ly 1, 1924
M en. 1, 1925
A p r . 1, 1896
F e b . 1, 1907
F e b . 1, 1929
M a y 1, 1911
Jau. 1, 1895
O o t 1, 1922
J an . 1, 1913
J u ly 1, 1912
J u ly 1, 1912
A p r . 1, 1904
J u n e 1, 1916
J u n e 1, 1913
Jan. 16, 1893
J an . 1, 1931
J an .
June
M ay
June
Jan.
J u ly
1,
1,
1,
1,
1,
1,
1907
1927
1907
1909
1932
1922
t e r e s t o n th e m d u r in g fir s t te n y e a r s a f t e r issu e. R e n t a l in 1891-92
$2 0 0 ,8 4 3 ; in 1890-91, $ 1 9 8 ,5 9 1 ; in 1 8 9 0 , $ 1 9 9 ,3 7 2 ; in 188 9, $180,689.
M i l w a u k e e & N o r t h e r n . —S c h w a r tz b n r g , W is ., t o C h a m p io n , 254
m ile s ; b ra n o h e s —S id u a w t o O n to n a g o n , 47 m ile s ; b ra n ch es, 61 m ile s ;
t o t a l, 362 m ile s , u n d e r c o n s tr u c t io n fr o m C h a rm in g , o n it s m a in lin e,
to S id u a w , a b o u t 4 4 m ile s t o b e c o m p le te d in 1893. In S ep tem b er,
1890, t h e C h ic a g o M ilw a u k e e & St. P a u l g a v e o n e sh a re o f its oom tuon
sto o k f o r e a c h sh a re o f th e M ilw a u k e e & N o rth e rn . T h e “ q u e s tio n o f
c o m b in in g th e t w o p r o p e r tie s ” w a s u n d e r c o n s id e r a tio n in 1892.
F r o m J u ly 1 ,1 8 9 2 , t o M a r. 3 1 ,1 8 9 3 (9 m o n th s ), g r o s s e a r n in g s w e r e
$ 1 ,3 0 6 ,1 2 1 , a g s t. $ 1 ,3 4 4 ,2 8 l in 1891-92; n e t, $ 4 0 5 ,9 0 3 , a g s t. $50 0,080 .
I n y e a r 1891-92, g r o s s e a r n in g s w e r e $ 1 ,7 6 5 ,3 >7; n e t, $64 2,904 ,
a g a in s t $ 6 1 9 ,8 0 3 iu 1890-91; in te r e s t, $ 3 6 9 ,6 7 8 ; b a la n o e , su rplus,
$2 7 3 ,2 2 6 .— (V . 51, p. 240, 2 7 5 , 383 , 416.1
M i n e r a l R a n g e . — H o u g h to n , M ich ., t o C a lu m e t, M ic h ., 15 m ile s ;
b ran ch , F r a n k lin S ta t io n t o F r a n k lin , 2 m .; t o t a l, 17 m ile s (3 - fo o t gau ge.
H istory-, E tc.—O p e r a te d in c lo s e c o n n e c tio n w it h H a n o o o k & C a lu m et
(w h ic h see.) R e o e iv o r a p p o in te d in J u n e , 188 8, w a s d is c h a rg e d N o v . 30,
1889; c o m p a n y r e o r g a n iz e d in 189 1. In D e c e m b e r , 189 2, a c o n t r o llin g
in te r e s t in th e s to c k (w h o le issu e, $ 4 0 0 ,0 0 0 —p a r $ 1 0 0 ) w a s pu rch a sed
b y p a r tie s in te r e s t e d in th e D u lu th S ou th S h o re & A t la n t ic . V . 5 5 ,p . 110.
B onds.—T h e c o n s o lid a t e d m o r t g a g e c o v e r s a l l th e p r o p e r t y , in c lu d in g
$ 2 5 0 ,0 0 0 o f H a n c o c k & C a lu m e t s to c k , w h ic h is fiv e - s e v e n t h s o f the
w h o le issu e. O n J a n u a r y 1 ,1 8 9 2 , o ld b o n d s o u ts ta n d in g w e r e $ 6 5 ,600;
e q u ip m e n t n o te s , $ 1 4 2 ,5 0 0 .
‘
F r o m J a n . 1 to A p r i l 30, 189 3 (4 m o n th s ), g r o s s e a r n in g s w e re
$ 3 3 ,5 3 8 , a g a in s t $43 ,4 6 8 .
I n 1892 g ro s s ea rn in g s , $ 1 2 9 ,1 6 3 . G ro ss e a rn in g s in 1891, $146,505;
n e t, $ 7 1 ,5 5 6 . P r e s id e n t, C h a rle s B a r d ; S e c r e ta r y , J o h n T u lly , 4 0 W all
S tr e e t. (V . 54, p. 557; V . 55, p . 111 0.)
M i n n e a p o l i s & S t . L o u i s . - * O w n s m a in lin e , M in n e a p o lis to A n g u s ,
la ., 259 m ile s ; P a c ific D iv is io n , H o p k in s to M o r to n , 92 m ile s ; K a lo
B ra n ch , 2 m i l e s ; L a k e P a r k B r a n c h , 1 ^ m ile s ; t o t a l o p e ra te d , 354*4
m ile s. L e a s e s t r a c k a g e fr o m M in n e a p o lis to St. P a u l o v e r St. P a u l &
N o r t h e r n P a c ific R a i l r o a d ; a ls o o w n s fr o m M in n e a p o lis to W h it e B ear,
12 m ile s , w h ic h is le a s e d t o t h e St. P a u l A D u lu th R a ilr o a d .
H istory , D efault , E tc.— T h is c o m p a n y w a s o r g a n iz e d in 1870. T h e
J a n ., 188 8, c o u p o n o n e q u ip m e n t b o n d s w e n t t o d e fa u lt. W . H. Truesd a le . P r e s id e n t, w a s a p p o in te d r e c e iv e r in J u n e, 188 8, in th e fo re c lo s u r e
s u it u n d e r im p r o v e m e n t a n d e q u ip m e n t m o r t g a g e . S ee V. 56, p. 538.
I n A u g u s t , 189 2, t h e s to c k h o ld e rs a p p o in t e d a c o m m itt e e c o n s is t in g
o f F . P . O lc o tt, A u g u s t B e lm o n t , W . A . R e a d , W . L . B u ll a n d J. K e n
n e d y T o d to p r o t e c t t h e ir in te re s ts . A m a jo r it y o f t h e s to c k is d ep os
it e d w it h t h e C e n tr a l T r u s t C o m p a n y , a s s u r in g t h e su ccess o f th e r e o r
g a n iz a t io n . I n O c to b e r, 1 89 2, t h e s to c k h o ld e r s ’ c o m m itt e e w e r e g iv e n
a m a jo r it y o f t h e b o a rd o f d ir e c t o r s ; th e p la n o f re o r g a n iz a t io n
is a b o u t r e a d y . 8 e e V . 55, p. 256 , 289, 590 . A s t o sta tu s o f a ffa irs in
M a y , 1 89 3, s e e V . 56, p. 792 .
B o n d s , E t c .— T o ta l a n n u a l fix e d in te r e s t c h a r g e is $5 6 6 ,0 0 0 , a n d $35.*
0 0 0 is a c c r u in g y e a r ly o n th e in c o m e b o n d s w h ic h m a tu r e d J a n . 1 ,1 8 9 1 .
T h e C h ic a g o R o c k Is la n d A P a c ific is u n d r s to o d to o w n a l a r g e b lo ck
o f th»* im p r o v e m e n t a u d e q u ip m e n t bonds.
B o n d s issu ed u n d e r th e m o r t g a g e d u e J u n e , 1 92 7, n u m b ered fr o m
1,1 01 to 1,400, fo r $ 5 0 0 ea ch , a d d it io n a l to th o s e a b o v e , w e r e assum ed
b y th e B u rl. C e d a r R a p id s A N o rth e rn R R .
T h e r e n t a l fr o m th e S t. P a u l & D u lu th R R . Co. is a p p lic a b le b y o rd e r
o f c o u r t to co u p o n s o n M in n . & D u lu t i bon d s, d u e M a y 1 ,1 9 0 7 .
P a y m e n t of Coupons .—I n M a y , 1893, a l l c o u p o n s d u e w e r e p a id on
M in n , to M e r r ia m J u n c tio n , M e r r ia m J u n c tio n t o S ta t e L in e . M in n . &
D u lu th a n d P a c ific E x t e n s io n issu es o f bonds. O n M a y 1 t w o oou pons
o n I o w a E x t e n s io n a u d o n e ea ch o n Im p r o v e m e n t a n d E q u ip m e n t und
C o n s o lid a t e d issu es w e r e p a id a t t h e N a t io n a l B a n k o f N o r t h A m e r ic a ,
N e w Y o r k C ity . S e e V. 56, p. 164, 753 ; a ls o t a b le a b o v e f o r la s t cou
p o n p a id .
tL
atest E a r n i n g s .— J u ly 1, 1 89 2, t o M a r. 3 1 ,1 8 9 3 (9 m o n th s ), gross,
1.5 28,23 4, a g a in s t $ 1 ,5 2 9 ,9 5 0 in 1891 9 2 ; n e t, $5 8 1 ,1 3 0 , a ga in st
673 ,668.
A nnual R eport .—F is c a l y e a r en ds J u n e 30.
g iv e n in Chronicle , V . 55, p. 296.
R e p o r t fo r 1891-92 w as
Ten ?* e n d in g June, 3 0 —
1889.
189 0.
1891.
1892.
G ro s s e a r n in g s ................... $ 1 ,3 3 0 ,5 1 9 $ 1 ,5 0 7 ,1 2 4 $ 1 ,6 0 5 ,3 6 4 $1,985,033
O p er. e x p . a n d t a x e s .......
9 9 6 ,5 5 9 1,0 0 1 ,9 5 0 1 ,0 69,14 6 1,186,601
N e t e a r n in g s ................
T o t a l n e t in o o m e .........
R e n ta ls p a id .......................
In t e r e s t p a id d u r in g y e a r
$ 3 3 3 ,9 6 0
$ 4 3 1 ,6 6 5
$ 6 3 ,* 7 3
9 ,8 0 0
T o t a l ..............................
B a la n ce, s u rp lu s ................
$ 7 3 ,6 7 3
$ 3 5 7 ,9 9 2
$ 5 0 5 ,1 7 4
$ 6 1 2 ,0 4 1
$ 6 2 ,2 8 1
3 1 2 ,8 7 3
$ 3 7 5 ,1 5 4
$ 2 3 6 ,8 8 7
$ 5 3 6 ,2 1 8
$ 6 5 1 ,4 7 7
$ 6 5 ,025
217,8«>0
$ 2 8 2 ,8 8 5
*$ 3 6 8 ,5 9 2
$798,432
$925,633
$61,797
35,525
$97,322
*$828,313
* A d d it io n a l e x p e n d it u r e s o u t o f in c o m e fo r im p r o v e m e n ts , e q u ip
m e n t, & o., $ 2 6 9 ,2 9 4 in 1890-91, a n d $ 2 5 5 ,2 7 8 in 1891 92.
— (V . 58. p. 368, 436 , « 0 2 i V . 54, p. 443 , 7 2 1 . 7 6 2 , 9 6 4 ; V . 55, p. 256,
2 9 6 , 298 , 373 , 5 9 0 , 8 0 6 ; V . 56, p . 127, 164 , 5 0 2 , 538 , 668 , 753 , 792.)
Ma y , 1863.]
iiAILRO Aij
STOCKS AND
BONDS.
87
S u b sc rib e rs w i l l c o n fe r a g re a t f a v o r b y g i v i n g im m e d ia te no tice o f a n y e r r o r d is c o v e re d In these T a b le s .
R A IL R O A D S
IN TE R E S T OR DIVIDENDS.
Miles Date Size, or
p a l, W h en D u e
Amount
For explanation o f column headings. Ac., see notes o f
Wlien
of
Par
Outstanding Rate per Payable Where Payable, and by Stocks— Last
Road. Bonds Value,
Cent.
on first page o f tables.
Whom.
Dividend.
Minneapolis ct St. Louis.—(Conclude 1
M orton Southwestern extensionirl'i.OOO p.tn.)C’
53
224
2d, M., Income, gold (White B’rto F t D odge)...C
92
Pacific extension, 1 st mortgage, gold ...............c ’
Minn. St, Caul <t SOtdl Sts. Marie.—Common stock.
Preferred stock, 7 per cent, non cunmlative......
495
M in n Sault Ste. Marie & Atlantic 1st M. go ld ..c'
Minneapolis & Pacific. 1st i f ., $15,000 p. m., g..<r 2-86
970
Oousol. M., cold, int. g u a r—«<■« text ............. e"
Income certificates.............................................
Car trusts............................................. .................
2-8
M in in g m i TV»B*y—Brook, 4 p. c. rental Cent. Vt .
Mfsmuri Kansas <f Tesaa.—Common stock.......
...»
Preferred stock, 4 per cent non-eainui&tfve..
Tebo, & Neosho 1 st mort., gold, s. (., red. at 100.. 190
1,601
M. K. A T. 1st mortgage, g o ld .........................
2d mortgage, (income till Aug., 1895) gold...
1,601
D e t payments for care, etc., 2 ser. ion .Jilly 1, '92).
Kansas City A Pacific 1st mort., gold, int. iruar.c" 1*25
Dallas i W s c o le t JI..S20,000 p.m.. c.,p.& i. gmc’
67
Mo. Kan. A Easton; 1st M..goUf. gn. p.Al. (cnd.).c' 166
166
2d M. forfSOO.OOO gold, guar-.p. A t (cad.)...
M. K. A T. to Texas 1st M., $20,000p.m., gold, gu.c • __
BtonevlUe Bridge, leased,1st M.,g.,gu-,drTi at 100
8. W. Coni A Imp 1st M. guar. p. A le a d . s. f. in ’9-9. .- - M U tou ri ffa eW e-Slock, $.’>5,000,000authorised
Pae, KB. o f Mo. 1st mort.. extended In 1888, gold 233
2d m o rt, extended In 1891 In gold................ c 283
1st mort., real estate, extended in 1892, gold ..
1st M. Caron-Met Branch, gold. gw. p M Cjcad.}
13
3d M, (eorer'gall property o f Pacific UK. o f Mo.) 296
55
Mo. Pacific 1st mort. on Hi. 1grain A Lexington...
1,076
Consolidated mortgage, $30,000,000, gold
$ 636,000
7 * - J . A D. Last paid Dee., 1887.
500,000
I 8- J. & J. Last paid Jan., 1888.
6 g. A. & 0. Last paid Apr. 1,1893.
1,382,000
14,000,000
7,000,000
J. N. A'., Morton, B. & Co.
8,280,000
(5) g. .J.
1886
J.
do
do
3,313,000
18SS
<5 «• Jdo
do
1888
J.
12,807,000
4 g. J.
1890
771,000
New Y ork & Chicago.
104,471
St. Albans, Vt.
500,000 4 pera».!.r. A J.
100 47,000,000
100 13,000,000
»*
.*
1,000
J. A D. X. Y. Office, 45 W all St.
1870
387,000
1890 500 Ac. 39,813,000
J. A D.
do
do
1890 500 Ac. 20,000,000
F. & A. 2d coup, paid Feb. ’93,
907,784
1,000
F. A A. ST. Y „ Contra] Tr. Co.
1890
2,500,000
1,000
M. & X. S. Y. Office, 45 Wall St.
1890
1,340,000
1892
1,000
A. A O.
do
do
(I)
1,000
1892
A. A O.
do
do
(»)
1892
1,000
M. & 8.
do
do
0)
1S73
696.000
M. A X.
do
do
1,000
609,000
do
do
1889
J. A J.
100 47,436,575
Q-—J. N. Y , Mercantile Tr. Co,
1,000
7,000,000
F. A A.
do
do
1868
1871
do
do
2,573,000
J. & 3.
1,000
1872 500 Ac.
800.000
M. A S ,
T
do
do
1873
500
do
do
245,000
A, & 0.
1876
M. A N.
do
do
1.000
3,828,000
1880 500 AC.
F. A A.
650,000
do
do
1,000 14.904,000
M. A N.
do
do
1880
1880
1880
1881
$1,000
1,000
1,000
100
100
1,000
1,000
1,000
H tt n a e a p o lt * SI. P a u l A M u l l S te. W n rte .—(See Map.>Owns Minneapolis To Sault 8te. Marie, Mich,, 401 m ile*; branches, 15
m iles; Horn Minneapolis northwest to Kulm. No. Dak.. 308 miles:
Hattktoaen to Cathay, No, Dakota, 163 tulle#; trackage in Minneapolis,
St. Paul, etc.. 19 tnUe*; total, M miles. Extension north westerly from
OsUmy to the la M B M H M i M h 4 m t , ISO mite*, to be completed In
1833. At the Boundary rotuuwtios w ill be made with a breach o f the
Canadian Partar, affording a through line from the Pacific to 81 Paul
and the Bast. See V. 55, p. 297, 414
H w t o k t . —Formed May, 1889, by consolidation o f the Minneapolis
8&ult etc, Marie A Atlantic, the, M laaeapolii A pacific, etc. (See V,
46. pp. 538,609.t Controlled in the interest o f the Canadian Pacific.
STOCK.—A fte r payment o f 7 percent on preferred-, commas-and pre
ferns*! *bare pro rata.
Box set. —Can. p m . guarantee.., bjr eudonwisoat 4 per cant interest on
ail the bead* SM etttuc to a reduction o f Interest to 4 per cent. (See
V. 50, p. 784; V. 51, p. 239,1 About eae-haM the Minneapolis A Pacific
fraud* and prerticaJIy alt o f the other umuio a e ra te d , V. 54, ft. 706.
Abstract o f Minneapolis 8»ult Sic. t i i w a Atlantia mortgage tit V 45.
p. 243- The cotMoL mortgage of 1*8$ (trustee. Centra! T reat Co., n*Brtg t s e abstract CTwoxiui.*:. v. 47, p. U S ), * » tor 834 <000,000 o o *00
mills# (iUlfietcid o f tin# amount being- reserved to retire the prior
bonds) and fo r 930.000 par toil# on all additional mileage In A pril.
1893, when o f this 421,000.006 there wit# o u u u ad ta g *9,407,000 aad
there#! In treat, the company *old on w o m n t o f 170 mile# o f new road
83,400.000. making total Issued 812,007,000 a* in table, arid con
tracted to sell aa additional 83,888,000 on t o t miles to- bo built to
1893. Bee V. 56, p. 710. I!to* payable, including car tn iaU Nov. 1,
1883,8522.483; due Canadian loan aceounl, 8 1.592.793. (V. 55, p.723. *
BaasiTStt#.—From Jan. 1 to Mar. 3 1 ,1B93-( 3 months), groan, 0604,471
against 8864,488 In 1892; net, *93,635, against 8224,51 1 ,
In year (80S gm*,* earnings, 83,314,149; net, 81,240,946. In 1891,
* N M K $ M *M i0 S ; net, *1.026,174; taxes (l.- « credits, $4,075), *30,158; Interest, *4tft,0:ifi, rentals, A c , *115,36-4; balance surplus, $38,<110. (V. 55, p. 723, 995; V, 56, p. 414.710.)
V lts s orirt K a n s u # A
(See Map.) Hoat).—'The line#,
arty shown on the map, embraced Jan. 1, 1893, the follow in g;
M t r n m m & and controlled, Mika, JE» u n r l controlled. M ile*.
Ha&nlbxl, Mo., to Denison,
Kansas City A Pacific By.—
. lever,.. I. T., to Paoia, K an .130
“
T e x .....................
577
Denison, Test* to flaW ta ft___ 42“ Sundry b lan ch e*................. 324
Denison v ia
Greenville to
H illsboro___ _ ____
172
Total operated April, ’93. ..1,739
t'ruler ooiwlructlon—
Panama, Kan,,to Junction City,
K a n ............ ...................... 157
S t, l , « u i « E xten sion ..........
166
O f the main line, 7 ! miles. Fart Worth to W h it e * boro, is operated
jointly with the Texas A Part fir. The Kohlen Branch. 5 1 mile#, owned
try Jt. K A T., i« leaned to Oo. Paix.s.-id not iti- ioded tn above mileage,
if c t East Line A- Bed E lver BE. i Jefferson, Tex., to OreenV1U«, 121
rniie.H. narrow .gauge and branch 1 McKinney, 32 miles stam lird
“
gaoxoJ whoae s.s itrlUe# are dopo-urd lo trust under Use M. K A T.
mortgage# o f 1890 ssa# taken out o f #y«teni in April, 1891. it ha#
beeft made etaadard gauge and turned o ver to a new company
paBed-the Sherusws Shreveport A sonthern. The (s-xtehsion o f 80 mile*
to Houston we* turned over to operating department on April 10,
1893, »n d the S t ls»uls erlcnsioti wtB be completed early in Jane.
- V . 56, p. 579,
Oik ».vx! xst !*>x . IlmTOBT, Ac.—The Missouri Kansas A Texas COTOpany
w a * organlxed April. 1870. In May, 1841. It was leased to the Missouri
Part tic. but on June 1 ,1888, default was made on In krort payment*.
And receiver* were appointed. Renreaulzed in 1890, without foreclo*ttrav in aeeordttcco with plan In V. 49, p. 719, the old first mortgage
hetospaid off » t par. The* receivers were discharge*! July 1,1890.
i n Odtibhetv 1881, to meet the r.- pnrmrjcirt. of Texas l«vr», the
“ M, K, A T. B all w ar Company o f T e x a s " » » s formed, with a capital o f
. $8,000,000 fo cofUHoiidale all tfsis com party’ s read# iuTexruv Tire entire
Block is deposited With central Trust 0 «. »s trustap for thebsnofit o f
the M K A T . recnrily holder*. (V. 51. p. 1047; V. 55, p. 294.)
Tv* 5!i—
K
..
.
d-re
f:-. .r v iT
- i.
t « 8 t iseiis, 166 mile*. Its stock is ail owned. See V. 54. p. 897.
M. K. A T. owns entire capita! stock of the Oalve-ston Houston A
Sanderson, operated under lease by international & Brest Northern.
l.'X t ' ORANT T.aml grant la Indian Territory 3,110.400»ore«, *ublaet to extinguishment o f the Indian title. (V. 55, p. 937.)
STOCK.-Beside# stock M adxnre the jBoottviile HR. Bridge Co. 1ms
$ 1 ,000,000 gtoek-—par *100; tb « D ali** A Waco has 8870,000 s to c k par $100, and Sherman Den. A Dalis* *100,000. all included by M. K.
« T. in Its balance sheet in the outs! end lug capital.
P rice o f Sto ck .—Common stock: In 1892,13 to 20%; in 1893 lo
May 10. tneluxlve, H A - 10. PrefMTed (dock: 24 *33%; ,to 1893 to
May I t , inclusive, 19 %a>2*ia,.
B «st«»._F n U » » .street# » f the first mortgage o f 1990 (trustee Central
TTiwt: Oowpaoy) arid o f tlm second mortgage (trustee Meroantile
Trti#t Company) were in V. 51, p. 495. Both mortgage* cover
Aeoiiritfe* of proprietary iinre, a* w ell as too lines owned directly.
Payment o f tnlerest on tin n o* second mortgage bond* t* not obligatory
w ll after August 1 .1805. and I* not cumulative, hut to February, 1892,
Dec. 1, 1910
Jan. 1, 1891
Apr. 1, 1921
July
Jan.
July
July
1896
Jan.
1, 1926
1, 1936
1, 1938
i , 1900
A 1897
I , 1893
June 1, 1903
June 1, 1990
June 1, 1996
to '98 A 1905
Aug, 1, 1990
Nov. 1, 1940
Apr. 1, 1942
Apr. 1, 1942
Sept, 1, 1942
May 1, 1906
1929
July 15, 1891
Aug. 1, 1938
July 1, 1938
July 1, 1938
Oct, 1, 1893
Nov. 1, 1906
Aug. 1, 1020
Nov. 1, 1920
the coupon o f 2 percent was paid. The agreement to pay ooupo
ona on.
the second mortgage prior to August l, 1895, la conditioned “■ upon
____
_______ _ *
*urti m t earning* as shall remain at the expiration o f each six months
after P t> meat o f operaiine and malntcnanoe expenses, taxes, repair*,
renewal*. n-pU-vm-nt-. maitranee and Interest on the first mortgage
bond* “ On Aoy. 1,1892, no Interest was paid on 2nd morte. bonds,
*im’ c not (-xrmviin the six mouths then ended, (See V. 55, p, 937), but
in February. 1893, the full 2 p ercen t was paid. (V. 56, p. 127.)
O tv R x v r t.-In te r e s t to guaranteed on $2,500,000 Kansas City &
4
the Boonerille. l-iniLre 7*. and prin
cipal and lalere*t on Dallas A 'Vaco bonds (issue limited to $1,340,000).
n, . ■ > i -* ied on the 8t> irmto Extension by the Missouri Kansas
A Eastern ar> guar.tntc*#! by the M. K. A T. The mortgage is for $■!,000,000. 4,-»- V. 54, P, 433, *47. Bee above, and guaranty V. 56, p. 60-1.
Tie M K. A P. In 1-.<■•>* to August, 1892, filed a mortgage to aeoure
$10,000,000 » f baud* at $20,000 per mile for extensions in Texas.
Tie y ire guaranteed prtnelrail and interest and are so endorsed; trus
tee Central Treat Co See above, and guaranty Y. 56, p. 60-1.
Tlu*H,tutb«-ii*terB CV.il A Improvement Oo.'o iMiml* are guaranteed.
The rempany's property include* 15,000 acres of coal lands, the
----- n operation, etc,,
the direct revenue* it; year 1401-92, it 1* said sufficing to moot the
interest on the bond*. The mortgage 1 for f 1,000,000,
#
Deferred pa y incuts due for ear*, etc,, on July 1,1892. wore—payments
extending till February. 189$, $605,38$; payment* extending till
November. 1905, $302,396; due reorganization committee, $1,173,044*
<>»
Ft s a s c m . - in 188$, when receivers were appointed, the
road a a* dismembered and in bad physical condition. Bluoe thou
large expenditures h »ve been made for Imprnvemonts, oouneotlng
itii** hava built, the line to Kansas City ha* been leased, and
•early In 1893 extensions will he completed to Ht. bouts and Houston.
I.iT t-r lusM W f.s.-Frum July i , 1892, to April 30, 1893(10 tno».),
gr— * ipartly .-dim Bed) wen. 88.840.S36, against $8,402,573 in 1891-2.
Assii.u. k m ugr.
year end* Juno 30. Report for 1891-92
was in i 'imoaiOh*, V. 55, p. 937, showing l.irge amounts spent for tinementa. F.arnmg*. etc,, have Imen as below, the Receiver having
in p,.«-, .«.on tut July 1. 1891.
rear ending Sun* 3 0 .1800.
1891,
1892.
Miles op-r.O.-d June 3 0 .......
1,774
1.724
Av. 1,674
Passenger earnings ............ $1,757,866
$1,018,884
$1,870,269
Freight
............................. 6,201,502
0,918,355
7,319,912
Mall, express, e tc .................
580,547
515,252
560,882
K
- ............$8,545,775
$9,352,491
O p r , e x p e u - ' * and t a x e s , . . $ 6 ,7 4 7 ,8 0 3
Oross earning*
$ 6 ,5 8 3 ,8 4 2
Net earning*.......................... 1,707,078
2.708,649
Interest on bond* & rentals > Road operated by I
Renewals, A c ............................J
receiver.
1
$9,750,563
$7,317,493
2,433,070
2,269,827
9 4 ,3 0 0
Balance, surplus ..................... ..........................................
$78,943
- ( V , 54, p. 159, 288, 433. 441. 443, 444, 814. 815,887, 1009, 1047;
V. 55, p. 116, 177, 298, 500, 0 3 7; V. 50, p. 42, 373, 579, 819.)
.v fU t o n r l P a c ific . —K o * n -T h o lines operated are as fo llo w s :
M tm e o w ned a n d c o n tro lle d . M ile *.
1 , ' w t i lin e * a n d tra c k a g e . M i la .
Bt. L o u K Mo., to Omaha,
B o o tt v U lo S t . I*. A S i m t h o r u . . . 4 4
Neb..................................... 495 usage D'V. M. K. A T ............. 54
Pleasant HiU to Joplin, Mo., 133 V e r d . V a l l e y In d . A W e s t ......... 81
11 branches owned............... 445 Leroy A Canny V a lle y ............ 52
Kansas City A 8. W................ 48
Proprtetw y line* (entire «t\ k
Trackage to 8 t Joseph, etc___ 29
own’dlform ’gU neto Pueblo,
Ool„ etc .............. ............. 1,833
------Tut.-il Mo. Pa. if;.- and branch lines Jan. 1,1893...................... 3.214
Also operate* Central Branch Union Pacific, 388 miles; ftedaUa War
saw A Southwestern.Sedalla to Warsaw, 43 miles: 8t. tamis Iron Mouni .in ,v Soritlicrn and leased lines. 1,770 mile*. Grand total Missouri Pa
cdfie mileage January 1,1893, 5,415 mile#.
OltOMfizvrtu*. L ease *. *••.—'The Pacifio KR. of Missouri was sold to
foreclosure sfoptemher 6,1876. The present company was a conaolida
(ton in August, 1880, embracing the Missouri Pacific and minor roads.
The bonds of the proprietary lines ore practically all pledged to secure
Mo. Pacific Issues.
The 8t. Isjul* iron Mountain A Southern stock ta mostly owned by the
Missouri Pacific. Complete control o f the International A Great
Sorthern was secured In 1892. See V. 54, p. 366.
Sto c k ,—Increase o f stoek to $55,000,000 was authorized In July,
1890. and may be made as stockholders from time to time determine.
I)lvn>F.sii-—III 1881, 6 ; in 11882, 0M; in 1883 to 1887, tnolustve,7
yearly; in 1888, 5 H; m 1889,4; in 1890,4; in 1891, 3 p. «; none since.
P rice ok Stock .—tn 18S3,80a>lOB78S in 1884, OShsftlOO; to 1885,89%
•H I I N ; in 1886. 1094x9119; lu 1887, 84%8>tl2; in 1888, 00i4» 8 9 \ ;
in 1889, 64Hi*7 8 ; in 1890. 53»79>4: in 1891, 54ta»77% ; In 1892,
53Vd05-7t; in 1893to May 19, inclusive, 34060.
Bo.vos —The Caroodelet bran oh Itoud* w ill he extended for 45 years
from Oct. 1,1893, at 4% pier cent. ThOeousolldated mortgage f« for
$30,000,000—trlintee* .I oho F. Dillon and JEdward D. Adauix. Of tho
i-iitisolldatediiouflK (he balance uotesued is In tlm Ijaudu o f trustees to
redc-iu prior boufto as tltey fall due if deemed best. Bee abstract o f
mortgage In V. 47, p. 287.
«
IN V E S T O R S ’
SU PPLEM ENT.
KAILROAD
M a y , 1893.]
STOCKS AND BONDS,
89
n*£§5^
Report'
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JA m r i r 'i m M
MAP OF THE
IV I S S O U R I
1
KANS AS & TEXAS
B A IL W A Y .
INVESTORS’
tH*
SUPPLEMENT.
[VOL. L'V I
im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s ,
M ile s D a t e
of
of
For e x p la n a tio n o f co lu m n h ea d in g s, A c ., see n o tes
Road. B onds
o n fir s t p a g e o f ta b les.
B o n d s — P r in c i
IN T E R E S T O R D IV ID E N D S .
S ize , o r
pal,^When D u e.
Am ount
Par
R a t e p e r l W h en W h e r e P a y a b le , a n d b y Stocks —L a e t
O u ts ta n d in g
W hom .
C en t. [P a y a b le
V alu e.
D iv id e n d .
M issouri Pacific—( Concluded.)—
G o ld c o lla te r a l tru st b o n d s ($ 1 5 ,0 0 0 ,0 0 0 ).. . 0'«kr L ,120
470
1st c o lla te r a l m o rt. b o n d s fo r $ 1 0 ,0 0 0 ,0 0 0 g o l d . c '
44
B o o n v ille S t L o u is & S ou th e rn R R . 1st m o r t .......
L e r . A C a n e y V a I . R R . ls t M . ($ 1 0 ,0 0 0 p ,m .),g .gu .o *
81
V erd ig riB V a l. In d e p e n d e n c e & W . 1 s t M .,g.,g u a r.
$1 ,0 0 0
1,0 00
1,000
1,000
1.0 00
RAILROADS.
188 7
1890
1886
188 6
1886
Missouri Pacific System—St. Louis Iron. Mr. d So...
$ 1 4 ,3 7 6 ,0 0 0
9 ,6 3 6 ,0 0 0
4 0 0 ,0 0 0
5 20 ,000
8 0 6 ,0 0 0
1,000
210
1867
8t. L . Ir o n M t .A 8 o .ls t M .,e x t e n d e d a t 5 p .c .i n ,92.<
1,0 00
310
1872
2d m o r t g a g e ,g o ld .............. - - - - - - - ..........: ----1,000
99
1870
A rk a n s a s B ra n ch 1 st m o rt., la n d g r a n t, g o ld ..
1,0 00
1872
71
C a iro A rk a n s a s A T e x a s 1 s t m o r t g a g e , gold.o*<fer
1,0 00
G en . co n sol, a n d la n d gr. M . ($ 4 5 ,0 0 0 ,0 0 0 ), g o ld 1,272 ’ 8110*7
1,0 00
Do
do
g o ld , sta m p e d , g u a ra n . p - s 1,272
C a r tru s ts ......................................... ................
1 ,0 00
1887
165
K a n s a s A A rk a n . V a l. 1st M . $ 2 0 ,0 0 0 p e r in ., g . ..
187 5 5 0 0 A c.
165
L i t t le R o c k A F t S m ith 1 st M .J a n d g r . siu k .fu n d ..
1 0 -y ea r co u p .n o te s (scp ., $80 ,205 d u e J u ly ,1893)
1891
1,0 00
2
L it t le R o c k J u n e. 1st M ., gu a r. p .A i.b y I r o n M t..c *
100
M obile ef Birm ingham . —Stock......................
1 ,0 00
1887
146
1st, ($20 ,000 p e r m ile ) g o ld , gu a r. p. «fe i .......
189 0
146
2 d m o r t g a g e fo r $1,500,0 00, g o ld ..................
1,0 00
1877
85
1 22
1890
1,0 00
C on sol, m o r t g a g e fo r $ 4 ,0 0 0 ,0 0 0 .......................... -■
100
Mobile d Ohio— S to ck ($ 10 ,000,000 a u th o riz e d ) g o lc
472
187 9 500 &c.
I s t M . ,M ob. t o C o l. (p r in .g o ld .in t. l a w fu l m o n e y ) .c 1,0 00
1883
55
1 s t m o r t ., e x te n .,C o lu m . to C a iro A b r a n c h ,g o ld . C’
527
1888 5 0 0 A c.
G e n e ra l m o rt. f o r $1 0 ,5 0 0 ,0 0 0 , la n d g r a n t , s. f . . (
1,000
’84-’ 90
E q u ip m e n t b o n d s ......................................... .............
1,000
173
1891
.
5
5
6
5
5
4 ,0 0 0 ,0 0 0
6,0 0 0 ,0 0 0
2,5 0 0 ,0 0 0
1 ,4 50,00 0
18,6S 3 ,000
7 .4 03,00 0
2,2 6 0 .0 0 0
3 ,4 0 0 ,0 0 0
2 ,3 4 2 ,5 0 0
128 ,065
4 3 5 ,0 0 0
3,0 0 0 ,0 0 0
3,0 0 0 ,0 0 0
1,100,000
1 ,0 0 0 ,0 0 0
5 90 ,000
5 ,3 20,60 0
7 ,0 0 0 ,0 0 0
1 ,0 00,00 0
8,2 1 9 ,4 3 0
5 95 ,779
2,5 0 0 ,0 0 0
5
7
7
7
5
5
___
5
7
7
6
g. [M. A
g. F . A
IF. &
g. !j . &
g. M . A
8. N . Y ., M e r c a n t ile T r . Co.
A.
do
do
A . N . Y ., A m . E x . B ank.
J. N . Y . , M e r c a n t ile T r . Co.
S.
do
do
| . & a .
f
g. M . A N .
g. J . & D .
g. ! j . A D .
g . A . & O.
g. A . & O.
!Q u a r'l y.
g. J. & J.
" :J. & J.
J . & J.
A . A 0.
5 g . |J.
5 g . J.
4 & 6
J.
5
!J.
J an.
A u g.
A u g.
J u ly
Feb.
1,
1,
1,
1,
1,
1917
192 0
1911
1926
1926
N . Y . M e r c a n t ile T s t Co. M a y 1, 189 7
N e w Y o rk or London.
M a y 1, 1897
N . Y , , M e r c a n t ile T r . Co. J im e 1, 1895
do
do
J u n e 1 , 1897
do
do
A p r . 1, 1931
do
do
A p r 1, 1931
do
do
do
do
J a n . 1, 193 7
do
do
J a n . 1, 1905
B o s t o n ,!:. A t k in s A Co. J ’ l y ’ 9 3 -J a n ’ 94
N . Y ., M e r c a n t ile T r . Co. A p r . 1, 191 6
&
J. J a n . ,’ 9 2 ,co u p , la s t p a id .
A J.
J u n e, '9 2 , la s t p a id .
& D.
A I).
J a n . 1, 1937
J a n . 1, 1 9 3 7
J u n e 1. 1897
1940
6
J. A D . N . Y . , Farm '. L . A T r . Co. D e e . 1, 1927
do
do
6 g. Q .— Jan.
J u ly 1, 1927.
4
| . & s. N . Y . , G a lla tin N a t. Bk. S e p t. 1 , 1938
m
N e w Y o r k C ity .
6
|V a r io ’ s.
V a r., ’9 4 -1 8 9 9
4 g . M . A S. N . Y ..N . Y .C e n t .A H u d .R
B ept., 1991
...............
Monongahela River—Sek B altimore A Ohio .
Montana C e n tra l— 8 ek Great N orthern .
T h e c o lla te r a l tru s t bo n d s d u e 1917 (U n io n T r u s t C o m p a n y o f N e w
York, tru s te e ) a re secu red b y m o r t g a g e b o n d s o f n e w ro a d s a t $12 ,000
o r $15 ,000 p e r m ile . F o r s e c u r itie s p le d g e d , A c ., se e V. 46, p. 678.
A a to c o lla te r a l tru s t b o n d s d u e in 192 0, se e V . 50, p. 669 , 874.
T h e L e r o y A C a n e y V a lle y R a ilr o a d in K a n s a s , 80 m ile s , is lea sed and
b o n d s g u a ra n te e d b y M is s o u ri P a c ific as a ls o th e V e r d ig r is V a l l e y In d e
p e n d e n c e A W estern . T h e B o o n e v ille St. L o u is A S o u th e rn R R . (B o o n e v i l l e t o V e r s a ille s , M o ., 4 4 m ile s) is le a s e d a t $ 2 5 ,0 0 0 p e r an n u m .
G e n e r al F inances .—A t t h e m e e t in g of d ir e c t o r s in N e w Y o r k S ep
t e m b e r 3 0 ,1 8 9 1 , th e O c t o b e r d iv id e n d w a s passed.
T h e r e p o r t f o r 1892 s a y s t h a t “ d u r in g t h e y e a r 1892 [$ 8 0 0 ,0 0 0 o f 8
p e r c e n t S t. L o u is C it y r e a l e s t a t e m o r t g a g e b o n d s o f t h e M is s o u ri
P a c ific R a ilw a y C o m p a n y w e r e e x te n d e d a t 5 p e r c en t, e ffe c t in g a s a v
in g in in te r e s t c h a rg e s o f $ 2 4 ,0 0 0 p e r a n n u m ; a n d $ 4 ,0 0 0 ,0 0 0 o f 7 p e r
c e n t fir s t m o r t g a g e bo n d s o f t h e S t. L o u is I r o n M o u n ta in A S o u th e rn
R a ilw a y C o m p a n y w e r e e x t e n d e d a t 5 p e r c en t, e ffe c t in g a s a v in g in
in te r e s t ch a rg . s o f $8 0 ,0 0 0 p e r a n n u m ; t h e a g g r e g a t e re d u c tio n o f in
t e r e s t c h a rg e s a m o u n tin g to $ 1 0 4 ,0 0 0 p e r a n n u m . T h e c o s t o f th e
fu n d in g o f th e se s e c u r itie s , a m o u n tin g t o $101,1** 5, w a s p a id fr o m c u r
r e n t in co m e. T h e t o t a l a m o u n t o f M is s o u ri P a c ific a n d Ir o n M o u n ta in
s e c u r itie s fu n d e d fr o m 7 a n d 8 p e r c e n t in to 5 p e r c e n t b o n d s d u r in g
th e p a s t t w o y e a r s a m o u n ts t o $1 4 ,3 7 3 ,0 0 0 , e ff e c t in g a n a n n u a l r e
d u ctio n in in te r e s t ch a rge s o f $ 2 9 4 ,0 0 0 ,”
A d v a n c e s b y d ir e c to r s D e c . 3 1 ,1 8 9 2 , w e r e $4,1 0 0 ,6 5 8 , a g a in s t w h ic h
i t is sa id th e c o m p a n y lia s in its t r e a s u r y th e f o l l o w i n g s e c u r it ie s :
$ 1 ,0 0 0 ,0 0 0 Ir o n M o u n ta in 5 p e r cen ts, $ 3 ,0 0 0 ,0 0 0 M is s o u ri P a c ific fir s t
c o lla t e r a l t r u s t 5s, $ 5 ,5 0 0 ,0 0 0 W ab ash d e b e n tu re B b o n d s— t o t a l,
$9,500,0 00. I t h as b ee n th o u g h t w is e n o t t o s e ll th e s e b o n d s a t th e
p rices q u o te d f o r th e m in t h e g e n e r a l m a r k e t. S ee V . 56. p. 668. T h e
fir s t c o lla te r a l b o n d s o f 1 8 9 0 in c r e a s e d $ 2 ,6 3 6 ,0 0 0 in y e a r 1892.
E arnings .—J a n . 1 to M a r. 31, 1893, 3 m o n th s, g r o s s o f M o . P a c ific
a n d St. L . I. M . A So. c o m lin e d , $ 6 ,5 6 7 ,9 9 1 , a g a in s t $ 6 ,4 6 3 ,5 2 8 in
1892; n e t, $ 1,551,2 67, a g a in s t $1,5 7 5 ,0 7 2 .
A n n u a l R eport .—T h e fis c a l y e a r e n d s D e c . 31. A n n u a l m e e t in g is
^ e ld a t St. L o u is in M a r eh . T h e a n n u a l r e p o r t o f M iss o u ri P a c ific f o r
1892 was in t h e Chronicle V. 56, p. 498—se e a ls o e d i t o r i a l p . 484.
T h e e a rn in g s o f a ll lin e s operated h a v e b ee n as f o l l o w s :
A ll Iv ie s —
188 9.
189 0.
1891.
189 2.
A v . m ile s o p e P d .
5 ,0 19
5,1 09
5 ,2 8 3
5,3 88
T o t a l e a r n in g s .. .$23 ,4 9 3 ,4 6 7 $ 2 5 ,3 7 0 ,3 4 4 $ 2 5 ,9 1 8 ,1 0 6 $27 ,7 0 0 ,9 9 2
T o t a l e x p en ses . 15,532,8 83
1 8 ,002,7 29
1 8 ,495,3 57
2 0 ,1 0 0 ,2 3 9
f o r $3*07 p e r a c re . L a n d s in A r k a n s a s u n s old D e c . 31* 1 8 9 2 ,6 6 9 ,8 3 9
a c r e s ; in M is s o u ri, 7 8 ,0 5 5 a c r e s ; o f L i t t l e R o c k A F. S., 5 2 0 ,4 3 6 a cre s.
Bonds.— T h o g e n e r a l c o n s o lid a te d m o r t g a g e is f o r $ 4 5 ,0 0 0 ,0 0 0 , b o n d s
b e in g r e s e r v e d t o r e t ir e a l l p r io r issu es, th e s e c o v e r in g o n ly 4 8 5 m ile s .
T iie m o r t g a g e is a f i r s t lie n o n th e 7 8 7 m ile s in A r k a n s a s a n d o n a ll un
so ld la n d s , a m o u n tin g to 7 4 7 ,8 9 k a c re s o n J a n u a r y 1 ,1 8 9 3 . T r u s te e o f
m o r tg a g e , M e r c a n t ile T r u s t C o m p a n y o f N e w Y o r k . A s in d ic a t e d in
th e t a b le a b o v e , p a r t o f t h e g e n e r a l m o r t g a g e 5s a re e n d o rs e d w it h th e
M iss ou ri P a c ific ’s g u a r a n t y o f p r in c ip a l a n d i n t e r e s t ; fo r m o f g u a r a n t y
w a s in V . 5 6 . p. 650. J a n u a r y 1, 189 3, th e re w e r e s t ill $ 1 5 3 ,5 6 0 o ld
in c o m e s o f v a r io u s issu es o u ts ta n d in g . " A d v a n c e s b y d ir e c to r s ” J a n .
1, 1893. $ 7 7 6 ,4 4 7 —s u n d r y a c c o u n ts p a y a b le , $ 1 ,3 8 2 ,4 7 9 . I n 1892 c a r
tru s ts in c re a s e d $1 ,4 7 7 ,5 0 0 .
T h e $ 4 ,0 0 0 ,0 0 0 fir s t m o r t g a g e b o n d s m a t u r in g A u g u s t 1 ,1 8 9 2 , w e r e
e x t e n d e d a t 5 p e r c e n t p e r a n n u m u n t il M a y 1 ,1 8 9 7 . V . 55, p. 100.
A nnual R eport.—R e p o r t f o r 1 89 2, in V. 56, p . 4 9 9 , showed:
Y e a r e n d in g Dec. 31—
189 0.
1891.
189 2.
M ile s o p e r a t e d D e c . 3 1 ..............
1 ,5 5 0
1 ,5 4 7
1 ,7 70
G ro s s e a r n in g s ..............................$ 1 0 ,8 5 9 ,1 7 3
N e t e a r n in g s ...............................
$ 3 ,8 8 9 ,4 8 7
O th e r r e c e ip t s ..............................
2 7 ,3 5 6
T o t a l n e t in c o m e ..................
In t e r e s t o n b o n d s .......................
T a x e s , b r id g e e x p ., r e n t ’ ls , A c .
D iv id e n d s ......................................
$ 3 ,9 1 6 ,8 4 3
$ 2 ,4 1 4 ,5 0 6
7 9 8 ,9 7 9
7 7 3 ,2 9 4
$ 1 1 ,5 8 1 ,0 3 4 $ 1 1 ,6 8 9 ,7 8 9
$ 3 ,8 7 7 ,0 3 4
$ 3 ,2 8 9 ,3 2 7
2 0 ,4 1 3
32,511
$ 3 ,8 9 7 ,4 4 7
$ 2 ,271,4 71
1 ,5 86,22 9
$ 3 ,3 2 1 ,8 3 8
$2,259,103
9 7 7 ,5 3 5
..............
B a la n c e f o r y e a r ...........
d ef. $ 6 9 ,9 3 6 su?. $ 3 9 ,7 4 7 sur. $ 8 5 ,2 0 0 *
— (V . 53, p .4 7 4 ; V . 5 4 , p. 4 4 2 , 7 6 2 ; V . 5 5 , p .1 0 0 ,5 5 1 ; V . 5 6 , p .4 6 5 , 499.)
M o b ile Sc B lr m iu s ilia m .—R oad .—M o b ile to M a r io n J u n c tio n ,.
A la ., o n th e E a s t T e n n e s s e e V ir g in ia & G e o r g ia R o a d , a b o u t 1 4 7 m ile s ;
t r a c k a g e t o M o b ile a n d S elm a . 17 m ile s ; o p e n e d in J u ly , 1888. L i n e o f
2*2 m ile s in to M o b ile u n d e r c o n s tr u c t io n i n M a y , 1893. A b s t r a c t o f
m o r t g a g e V . 4 5 , p. 274. E a s t T e n n e s s e e V ir g in ia A G e o r g ia g u a r a n te e s
p r in c ip a l a n d in te r e s t o f fir s t m o r t g a g e . I n J u n e , 1 89 2, th e E a s t T e n
n essee h a v in g g o n e in to r e c e iv e r ’ s h a n d s , M r . T . C. B u sh , w a s a p p o in t
e d r e c e iv e r . C o u p o n s d u e J u ly 1 ,1 8 9 2 , w e r e n o t p a id . S ee V . 5 5 , p. 2 1 ,
59. S to ck , $ 3 ,0 0 0 ,0 0 0 (p a r, $ 1 0 0 ). N e t c u r r e n t l i a b i l i t i e s J u n e 3 0 ,
1 89 2, w e r e $ 3 2 6 ,2 7 3 .
E arnings .— I n y e a r e n d in g J u n e 3 0 ,1 8 9 2 , g ro s s r e c e ip ts , $ 2 7 4 ,6 6 4 ,
a g a in s t $ 2 8 6 ,7 1 4 in 1 8 9 0 -9 1 ; d e f ic it u n d u e o p e r a t in g e x p e n s e s , $ 1 ,9 1 4 ;
S urplu s ea rn ’ g s $ 7 ,9 6 0 ,5 8 4
$ 7 ,3 6 7 ,6 1 5
$ 7 ,4 2 2 ,7 4 9
$ 7 ,6 0 0 ,7 5 2
in t e r e t o n b o n d s, $ 2 0 5 ,0 0 0 ; t a x e s , $ 1 1 ,8 9 5 ; o th e r p a y m e n ts , $ 1 ,137;
R a t .e x p .t o e a m ’ s 66*12 p. c.
70*96 p. c.
71*36 p. c.
72*56 p. e.
t o t a l d e fic it f o r y e a r , $2 1 9 ,7 4 8 . I n 1889-90 n e t, $ 6 1 ,1 9 9 ; ta x e s , $ 1 1 ,F o r t h e M iss o u ri P a c ific p r o p e r a n d b ra n c h e s (3,191 m ile s ), n o t in 562. (V . 51, p 6 1 2 ; V . 5 5 , p . 2 1 , 59.)
c lu d in g Ir o n M o u n ta in a n d o th e r a u x ilia rie s , t h e r e p o r t w a s as fo llo w s :
M o b ile Sc G i r a r d .—O w n s fr o m C o lu m b u s. G a ., to S e a r ig h t, A la ..
Y ear e n d in g Dec. 31—
1890.
1 89 1.
1892.
122 m ile s. A r e c e i v e r w a s a p p o in t e d o n N o v . 1 1 ,1 8 9 2 . S e e C e n tr a l o f
M ile s o p e r a te d D e c e m b e r 3 1 .......
3 ,1 45
3,1 91
3,2 13 G e o r g ia r e s p e c t in g p r o p o s e d r e o r g a n iz a t io n a n d c o n s o lid a tio n .
P a s s e n g e r e a r n in g s ........................ $ 2 ,742,8 08
$ 2 ,6 6 3 ,7 9 8
$ 2 ,6 4 1 ,6 8 4
L ease.— F r o m J u n e 1, 188 6, le a s e d t o C e n tr a l o f G e o r g ia (w h ic h J u l y
F r e ig h t ................. - ........................... 9 ,1 74,42 7
8 ,8 65,31 5
10,301,2 05
1 ,1 8 9 2 , o w n e d $ 8 1 6 ,2 0 0 sto ck ) f o r 99 y e a r s , w it h a g u a r a n t y o f l 2 p e r
^
M a il, e x p re s s a n d m is cella n e o u s.. 1 ,5 89,29 4
1,6 9 1 ,9 8 4
1,712,111
c e n t p e r annu m o n $ 4 7 3 ,4 0 0 s to ck . Stock .— C o m m o n stook, $ 1 ,2 5 1 .208; p r e fe r r e d s to c k , $1 1 ,3 4 4 , a n d $ 2 ,5 3 0 P i k e C o u n ty s to o k ; p a r , $ 1 0 0 .
T o t a l e a r n in g s ................... ....$ 1 3 ,5 0 6 ,5 2 9 $ 1 3 ,2 2 1 ,0 9 7 $14 ,6 5 5 ,0 0 0
T o t a l o p e r a tin g e x p e n s e s ___ ....... 1 0 ,224,7 06
B onds .—T h e fir s t m o r t g a g e b o n d s, o f w h ic h $200,000 a r e 6s a n d $800
9 ,9 20,14 8
10,837,7 25
000 4s, a r e g u a ra n te e d , p r in c ip a l a n d in te re s t. C on sols, a t $12,600 p e r
N e t e a r n in g s .................................... $3,281,8 23
m ile f o r e x te n s io n s w e r e a u th o riz e d , t h e t o t a l issu e n o t to e x c e e d
$ 3 ,300,9 49
$ 3 ,8 1 7 ,2 7 5
D iv id e n d s , in te re s t, & c., r e c e iv e d .
2 ,2 23,95 1
6 34 ,054
6 6 4 ,2 8 7 $4,000,000. T h e C e n tr a l o f G e o r g ia o w n s t h e $590,000 c o n s o ls issu ed .
D e fa u lt o n 1st m o r t g a g e o c c u rre d ’ D e c . 1,1892.
T o t a l n e t in c o m e .............. ....... $ 5 ,5 0 5 ,7 7 4
$ 3 ,935,0 03
$ 4 ,4 8 1 ,5 6 2
E arnings.— In 1891-92 g r o s s e a rn in g s , $ 1 8 2 ,5 3 2 ; n e t , $ 5 ,1 3 0 ; in
In t e r e s t o n b o n d s ................... ....... $ 2 ,598,1 43
$ 2 ,776,5 80
$ 2 ,734,8 50 1890-91 g r o s s $ 2 0 5 ,1 4 5 ; n e t, $ 4 ,815. In 1889-90 g ro s s , $ 2 7 4,082 ; n e t,
D iv id e n d s .................................. ....... 1,823,498
1,422,859
$ 6 8 ,0 1 7 , a g a in s t $ 9 3 ,5 6 4 in 1888-89. S e e e a r n in g s u n d e r C en t, o f G a .
T a x e s , re n ta ls, A c ................... .......
5 88 ,187
t l , 824,796
1 ,0 28,09 5
M o b ile Sc O h io .—f See M a p .) —O w n s fr o m M o b ile , A la ., to C o lu m
+ $ 7 1 8 ,6 1 7 bu s, K y ., 4 7 2 m ile s , p r o p r ie t a r y lin e , K e n t u c k y A T e n n e s s e e R a ilr o a d
B a la n c e fo r y e a r ............................. + $ 4 9 5 ,9 4 6 — $ 2 ,089,2 32
to C a iro , 21 m ile s ; a lso b ra n ch es to S ta r k v ilie , A c ., 34 m ile s ; t o t a l
t T h is ite m in o lu d e s : In t e r e s t a n d e x c h a n g e , $19 4 ,2 3 1 d is c o u n t a n d o w n e d , 5 2 7 m i l e s ; le a s e s St. L o u is A C a iro (w h ic h s e e ), C a ir o to St. L . ,
p re m iu m , $ 7 6 7 ,0 0 3 ; e x t e n d in g sec o n d m o r t g a g e , $ 1 2 8 ,6 5 0 ; ta x e s , 152 m ile s , a n d t r a c k t o M ills ta d t, 9 m ile s : t o t a l o p e ra te d , 687 m ile s .
$567,456; W e s te rn A s s o c ia t io n e x p e n s e s , $27 ,7 7 3 ; re n ta ls , $13 9,682 .
D e fa u lt o n fir s t m o r t g a g e a c c r u e d D e c . 1 ,1 8 9 2 .
— (V . 54, p. 7 8 , 4 4 2 , 4 8 3 ; V. 56, p. 463 , 484 , 4 9 8 , 501 , 668.
H istory , Etc .—O o p e n e d in 186 1, r e o r g a n iz e d in 1879 w it h o u t f o r e
M i*BO iiri P acific System —St. L o u is I r o n M o u n t a in Sc c lo su re. O n M a y 2 9 , 1893, s to c k h o ld e rs v o t e o n p r o p o s it io n t o e x t e n d
S o u th e rn .—O w n s St. L o u is to T e x a r k a n a , T e x a s L in e , 4 9 0 m ile s ; r o a d t o M o n t g o m e r y , A l a . S e e V . 56, p. 711 , 835.
b ran o h es to B e lm o n t, M o ., B ir d ’s P o in t , M o. (C a ir o ), C a m den , A rk .,
L ands .—L a n d s J u n e 3 0 , 189 2, w e r e 6 1 4 ,5 8 4 acre s, v a lu e d at $318,842.
H e le n a , A r k ., C u sh m an , A r k ., A rk a n s a s C ity , A r k ., W a rre n , A r k ., M e m
p h is, T e n n ., A c ., 7 1 4 m ile s ; t o t a l o w n e d J a n u a r y 1, 1893, 1,237 m iles.
Stock .— S to ck a u th o riz e d , $ 1 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 5 ,3 2 0 ,6 0 0 ;
L e a s e s L it t le R o c k A F o r t S m ith a n d L i t t l e R o c k J u n c tio n ra ilro a d s, p a r, $100. T h e S u p re m e C o u rt o f A la b a m a in A p r il, 189 3, h e ld th a t th o
172 m ile s ; K a n sa s A A rk a n s a s V a lle y R R ., 170 m ile s. H o u s to n C e n tra l v o t i n g t r u s t w a s s t i l l m fo r c e a n d v a lid . S e e V . 56, p. 579 , 6 2 3 ; V . 5 4 ,
A rk a n s a s dt N o r t h e r n R a ilw a y , M c G e h e e , A r k ., t o A le x a n d r ia , L a ., p. 320 , 683 , 762 , 800 , 1035.
190 m ile s . T o t a l o p era teu J a n u a ry 1, 1893, 1 ,7 70 m iles.
Bonds —U n d e r th e g e n e r a l m o r t g a g e o f 188 8 (tru s te e , F a r m e r s ’ L o a n
Stock.—S to c k $ 2 5 ,7 8 8 ,9 2 5 , o f w h ic h $ 2 5 ,7 1 6 ,1 0 5 J u ly 1 ,1 8 9 2 , w a s A T r u s t C o.) t h e r e ca n b e uo fo r e c lo s u r e t i l l fo u r co u p on s a re in d e fa u lt.
h e ld b y th e M iss ou ri P a c ific R a ilw a y , m o s t o f i t h a v in g been re tir e d in
O f th e $ 1 0 ,5 0 0 ,0 0 0 a u th o riz e d t h e r e h a v e b e e n c a n c e le d b y sin k in g
May, 1881 b y th e issue o f th r e e sh ares o f M issou ri P a c ific sto ck fo r fo u r fu n d $ 64 8,500 , t h e r e a r e h e ld to e x c h a n g e f o r d eb e n tu re s n o t ex c h a n g e d
of Ir o n M o u n ta in . L i t t l e R o c k A F o r t S m ith w a s a c q u ire d b y e x c h a n g e o f $ 4 0 ,5 7 0 , a n d t h e c o m p a n y h old s in r e s e r v e in it s t r e a s u r y $1,899,500.
its s to c k in 1887 (4 sh a res f o r 3 o f St. Ix m is A Ir o n M o u n ta in .) S ee t it le S ee m o r t g a g e a b s tra c t, V. 4 7 , p. 83.
of t h a t o o m p a u y in Supplement o f M a y , 1888, a n d p r e v io u s ly .
E arnings .—For six mouths ending December 31 earnings were as
L a n d s .—T h e sa les o f la u d in A rk a n s a s fo r 1892 w e r e 1 9 ,3 8 4 a cre s a t below, results in 1892 being materially affected by serious floods, etc.
$3*18 p e r a cre , th e t o t a l sa le s , in c lu d in g to w n lo ts , b e in g $ 6 5 ,7 6 1 ; in
J u ly 1 lo Dee. 3 1 —
Gross.
N et.
In te re s t, etc. B a l.,s u rp
M iss ou ri w e r e 2,6 06 a c re s f o r $3*61 p e r a«*,re, th e t o t a l sa les in clu d in g 1 8 9 2 ............................ $ 1 ,6 8 5 ,8 3 0
$ 5 9 0 ,6 8 2
$ 5 1 6 ,5 1 1
$74,171
t o w n lo ts , b e in g $ 9 ,850; fr o m L i t t l e R o c k A F o r t S m ith g r a n t 8,7 64 a cre s 1891 ............................ 1 ,7 9 3 ,7 0 3
6 6 3 ,6 9 4
5 1 1 ,8 7 9
1 5 1 ,8 1 5
Ma t .
RAILROAD
19.j
88
STOCKS
AND
BONDS.
91
fSilcoi
7. .1 k j-: ■!
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MAP OF THE
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M O B I L E & OHI O
RAILROAD
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IT S C O X N E fT lO N H .
IASHVILLE
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Columbia.
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M O B IL E
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INVESTORS’ SUPPLEMENT
fVou LVI,
SubttcrlbcrM w i l l c o l l i e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y f e r r o r d is c o v e r e d In th e s e T a b le s .
Bo7i ds—Princi
IN TE R E S T OR DIVIDENDS.
__________________ RAILRO AD S.___________________ Miles Date Size, or
pal, When Due,
Amount
Par
Rate per When Where Payable, and by Stocks—Last
of
For explanation o f column headings, Ac., see notes of
Outstanding
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page o f tables.
389
81
102
157
80
1888
1879
1889
1878
1880
1859
$ 1,000
1,000
1,000
1,000
1,000
50
1861 500 &c.
Var’us 1,000
1,000
1871
1,000
137 1875
Var’ us
100
2
1,000
40 1891
100
15
1873
1880
100
340 1873
1,000
1,000
321 1881
1,000
125 1877
1,000
29 1877
43 ’77-’ 83 1,000
1,000
46 1883
1,000
20 1887
1.000
7 1887
710 1888
1,000
48 1876 500 Ac.
1,000
48 1881
119
25
1,000
119 1870
1,000
91 1887
1,000
73 1888
84
A n n u a l R e po rt .—Fiscal year ends June 30. Report for year 1891-92
in V. 55, p. 764, as follow s:
1892.
1891.
Year end1 June 30—
g
1889.
1890.
Total gross earnings. $2,881,473 $3,173,431 $3,559,138 $3,443,760
N et earnings............ $934,780 $1,070,918 $1,215,712 $1,086,293
1,044,131
1,058,264
Interest and rentals.
709,901
954,329
Surplus.................. $224,879
$116,589
$157,448
$42,162
There should be added to the $42,162 surplus as above in 1891-92 the
balance on -?>and June 30,1891, $17,415, and proceeds of bonds and
stock sold, making $206,487; expended for new equipment and addi
tions to property, $218,070; balance, deficit, $11,583.
—(V. 53, p. 185, 584, 601 ; V. 54, p. 78, 266, 276, 329, 683, 762, 800 ;
V. 55, p. 2 3 3 , 253, 764, 1035 ; Y. 56, p. 206, 579, 622, 711, 835.)
m o h a w k Ac M a l o n e .—(See Map N. Y. Central.)—Owns from Her
kimer, N. Y ., on the N. Y. Central’s main line northerly to Malone, on
the Central Vermont, with branches, 177 miles in all. Completed in
November, 1892. Name formerly Adirondack & St. Lawrence. Fur
nishes access to heart of Adirondacks and forms link in a new through
line from New York City to Montreal. On A pril 19,1893, N. Y. Central
stockholders voted to lease this toad and guarantee its first mortgage
bonds. N. Y. Central w ill own the stock. See official statement Y. 56,
p. 501. As to bonds, see V. 56, p. 782.
M o n t e r e y Ac M e x ic a n G u lf . —Owns road completed in August*
1891, from Venadito (on the Mexican International Railroad) via
Monterey to Tampico, on the Gulf, about 390 miles. See Y. 54, p. 964.
On April 23,1892, J. Robertson was appointed receiver in Mexico. (See
V. 54, p. 643; V. 55, p. 765.) The Central Trust Company of N ew York
is trustee of the mortgage. Mexico gives this road a subsidy o f $14,222
per mile in 6 per cent silver bonds. Stock $100,000.
Earnings .—January 1 to March 31,1893 (3 months), gross, $251,988,
against $221,652.
In 1892 gross earnings were $768,059, against $883,462 in 1891.
General Trevino, President, M exico; T. S. Bullock, Vice-President, 40
W all St., N. Y. (V. 54, p. 643. 964; V. 55, p. 765; V. 56, p. 463, 835.)
M o n t g o m e r y Ac E u f a u la . —Owns Montgomery to Eufaula, Ala.,
80 miles. Foreclosed May 1,1879, and re-organized. Operated under
contract by Central o f Georgia, which guarantees the principal and
interest of the bonds. Stock Is $620,000, all owned by Central Railroad
of Georgia. In year ending June 30,1892, gross earnings, $289,845;
net, $42,669; interest and sinking fund, $105,000. In 1890-91 gross
$307,613; net, $58,553. In 1889-90 gross, $364,169; net, $128,731.
See earnings and reorganization plan under Central of Ga. Interest
due Jan. 1,1893, was paid in February, 1893.
M o n t g o m e r y T u s c a lo o s a Ac M e m p h is .—Projected from Mont
gomery, Ala., on the Alabama Midland, to Columbus, Miss., 175 miles.
In May, 1892, graded nearly to Tuscaloosa, Ala., about 100 miles.
As to talked-of arrangement with Mobile A Ohio, see V. 55, p. 765.
Stock authorized—common, $1,150,000; pref., $1,150,000; par, $100.
M o r g a n ’ s L o u is ia n a Ac T e x a s R a i l r o a d Ac S te a m s h ip C o m
p a n y .—(See Man o f Southern Pacific.)— R oad—Owns from New Or
leans to Cbeneyville, 204 miles; branches, 55 m iles; trackage Clieneyv ille to Alexandria, 24 m iles; total, 283 miles.
Or g a n iz at io n .—The Southern Pacific Company, on Jan. 1 , 1892, held
$14,994,000 of the *15,000,000 stock and operated road under lease.
The lessee pays all charges and also 23 per cent of the not profits under
the “ omnibus lease.” Company has 18 iron steamships, o f which 13
were owned, plying between New York and New Orleans and between
Gulf ports; also wharves, warehouses, ana on Jan. 1, 1892, owned
$3,880,000 stock o f the Houston & Texas Central Railway Company, Ac.
E a r n in g s —From January 1 to March 31, 1893 (3 months), gross
1,359,921, against$1,280,233 in 1892; net, $280,052, against $2607852.
or year 1892, gross, $5,741,321; net, $1,372,388. In 1891, gross,
$5,683,432; net, $1,525,530; surplus over charges, $753,612; net
profits due company under lease to Southern Pacific, $556,441.
M o r r is Ac E s s e x .—(See Map o f Delaware Lackawana <t Western.)—
Owns from Hoboken, N. J.. to Phillipsburg, N. J., 85 miles; branch,
Dcnville, N. J., via Morris & Essex Tunnel, to Hoboken, N. J., 35 miles;
leases 16 miles; total operated, 136 miles. In 1868 leased in per
petuity to the Delaware Lackawana A Western RR., the lessees assum
ing all liabilities and paying 7 per cent per annum on the capital stock.
They also agree to pay 8 per cent in case 30 per cent of the gross earn
ings in any one year shall l>e sufficient to pay all charges and 10 per
cent on the stock. See form of guaranty, V. 56, p. 812.
The Morris A Essex is important to the Delaware Lackawanna &
c
Western as a route with terminal facilities on New York Harbor, 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
ill 1880, $1,012,416; in 1881, $985,890; in 1882, $941,550; inl883,
$1,104,218; in 1884, about $1,100,000; in 1885 and 1886, about
$900,000; in 1891 over $900,000. In 1891, gross earnings o f road
proper 119 miles) were $5,551,396; net, $1,789,277. (V. 56, p. 812.)
NaM litia Ac L o w e l l . —Owns from Lowell, Mass., to Nashua, N. H.>
15 miles. On October 1,1880, a lease for 99 years to the Boston A
Low ell was made. In 1887 lease was transferred to Boston A Maine
Railroad Company, which pays a rental o f $73,000 (9 per cent on stock).
The funded debt or $300,000, principal and interest, is assumed by the
lessee, and the lessor holds the lessee’s notes for the same amount.
§
$9,727,000
1,500,000
864,000
5,000,000
1,494,000
249,002
15,000,000
5,000,000
281,000
4,991,000
12,151,000
2,795,000
221,000
1,000,000
800,000
200,000
100,000
10,000,000
6,300,000
1,000,000
750,000
300,000
461,000
376,000
560,000
130,000
4,696,000
86,000
24,000
2,265,582
2,100,000
2,096,000
1,170,000
5 g- M. & N. Nov.,’91,coup, last paid.
6
J. & J. N .Y ., Security &Tr. Co.
6 g. J, & J. Julv,’91, coup last paid.
A. A O. N.Y.,8.Pac.Co.,23Broad
7
do
do
6 g. j . & ,i.
do
do
A. & o.
5
7 per an. J. A J. N, Y., Del. Lack. & West.
do
do
M. A N.
7
do
do
7
J. A J.
do
do
A. & o.
7
do
do
7
J. & D.
do
do
41s & 5
do
do
4 per an. M. A N.
6 g. J. .V J.
9 per an. M. A N. Nashua, 2d Nat. Bank.
do
do
6 g- F. & A.
do
do
5 s. J. A j .
5 ner an. O,—F. New York A Nashville.
J. A J. N. Y .. Continental N. Bk.
7
do
do
6
j . & J,
do
do
J. A ,i.
6
do
do
J. A J.
6
do
do
,T * j .
do
do
6 g. J. & J.
do
do
6
J. & .T
,
do
do
6
J. A J.
do
do
5 g. A. A o.
do
do
6 & 8 j . & J.
do
do
6 g. M. A N.
Nashville.
6 per an. J. A D.
7
J. A j . N. Y ., 120 Broadway.
5 g. F. A A. N. Y. and Louisville.
M. A N. N. Y., Mercantile Tr. Co.
6
0
0
*
ti
o
Monterey <t Mac. Out/—1st. M. $25,000 per m „ g.c*
Montoorn * Eu/aula—lu t, s. f., $15,000 not drill .0*
Mont. Tunc. <f Mem.—1st M., $18,000 per m.,gold.o*
Morgan's La. if Ter.—1st M. (N. O. to Morgan Cltylo*
1st mortgage, Alexandria Extension, gold...........
N. O. Opel, l i (It. Vest, b Is. ex. in ’89 (assumed).
Morris < Lssejc—Stock, 7 p. c. guar. D. L. A W .......
e
1st mortgage, sinking fund..................................
Convertible bonds
Gen. M. A lBt on Boontou Dr. Ac. (guar. D.L.AW.)
Consol. M. (for $25,000,000) guar. D. L. A W.oYfcr
Special real estate bonds-------------Morris A Essex Extension stock, guar. 4 per cent.
M orristow n* Cum. f la p - ls t M.,$25,000p.m.) gld.c*
Nashua <f Lowell—Stock,9 p.c. rental,92 yrs. B. AM.
"a..
Bonds not mortgage, gob
Do
do
gold...... ..............................
Nashville Chattanooga it St. Louis—Stock...............
1st mortgage (for $6,800,000)....................... o At
2d mortgage, gold or silver............................ c <tr
1st M. on Fayette, and McM.brs. ($6,000 p.m.)o*&r
1st mortgage on Lebanon Branch....................c*
1st M. on Jasper Br. ($90,000 are 8s, due 1906)c*
1st mortgage on Centrevillc Branch, gold— c*&r
1st M. on Tracy City Br. (Tenn. C. A I. RE.).o*Ar
1st M. on Bon Air Br., red. at par aft. July ’97,.. .er
Consol. M. ($20,000,000), $20,000 p. m., go ld ...cx
Duck R iver RR. 1st M., $6,000 p. m., assumed.c*
2d mortgage, assumed...................................o*
Nashville & Decatur—Stock, guar. 6 p. c. by L. A N.
1st mort., guar., s. f. ($200,000 held in sink. fd.).
Nash. Flor. <t Stuff.—1st M. ($2,500,000), gold, gu.c
Nashville it Knoxville—1st mort. for $2,000,000. .o*
Nov. 1, 1938July 1, 1909
July 1, 1929
Apr. 1, 1918
July 1, 1920
Apr. 1, 1899
Jan. 2, 1893
May 1, 1914
Jan. 1, 1900
Oct. 1, 1901
June 1, 1915
Various.
May, 1893
.lan. 1, 1921
May 1, 1893
Aug. 1, 1893
July 1, 1900
May 1, 1893
July 1, 1913
Jan. 1, 1901
Jan. 1, 1917
Oct. 1, 1917
Jan.,1906A’ 23
Jan. 1, 1923
Jan.l894to’ 17
July 1, 191T
Apr. 1, 1928
Jan. 1, 1896
Nov. 1, 1909
Deo. 6, 1892
July 1, 1900
Aug. 1, 1937
1918
N a & liv ille C h a t t a n o o g a A S t. L o u is . —fSee M ap.)—Owns from
c
Chattanooga, Teun., to Hickman, Ky., 320 miles; branches to Lebanon,
Ac., 352 miles; leases Western A Atlantic, Chattanooga, T un., to A t
lanta, Ga., 138 miles; total operated June 30, 1892, 810 miles. In
November, 1892, bey an operating also the Tennessee & Coosa RR.,
Wyeth City to Gadsden, 37 miles. A connecting link of about 48 miles
between Huntsville on N. C. & St. L. and W yeth City is under construc
tion. In Fob., 1893, purchased 17 miles of road, extending the Centreville Branch to A llen’s Creek, Tenn. The Western & Atlantic is leased
for 29 years from December 27,1890, at $420,012 per annum.
Sto c k .—A majority of the stock ($5,077,500) is owned by the Louis
ville A Nashville, and pledged under its unified mortgage, etc
D iv id e n d s since 1880—In 1881, 3 ; in 1882,1L2 ; in 1883 and 1884,.
2 ; in 1885. n il; in 1886,1; in 1887, 4 ; in 1888, 4 k ; in 1889. 5 ; in
1890. 5; in 1891, 5; in 1892, 5; in 1893, Feb., I k ; M ay l k per cent.
B onds .—The Tracy City branch 6s fa ll due $20,000 yearly on Jan. 1,.
1894, to 1916 inclusive, and $100,000 on Jan. 1,1917.
Of the consolidated mortgage of 1888 (United States Trust Co., trus
tee), $10,807,000 bonds were reserved to retire all prior bonds.
G e n e r a l F inances .—In May, 1892, $500,000 additional first con
solidated mortgage 5 per cent gold bonds were issued to acquire new
road, e tc , making the total amount listed $3,847,000; in June
$300,000 more to acquire the Tenn. & Coosa RR., 37 miles in operation?
in December $300,000 on extension thereof, etc., and in February,.
1893, an additional $249,000, mostly for 17 mile*extension o f Centreville Branch.
.
.^ ^
__
Bills payable were $1,546,844 on July 1,1892, against $2,164,138
July 1,1891. As offsets were held $1,057,000 Louisville & Nashville
unified 4s, etc. See fu ll statement in Ch r o n ic l e o f Sept. 24,1892.
L atest E ar n in g s .—For 10 months ending April 30 earnings have
been;
10 7)ios.
Cross c a m ’s. Net earnings. Inf., rentals, <tc. Mai., surp.
1892-93 ...... $4,335,147
$1,700,085
$1,237,971
$462,114
1891-92...... 4,534,1861,738,355
1,249,004
489,351
A n n u a l R e po rt .—Fiscal year ends June 30. The report for 1891-92
was given at much length in Ch r o n icle Y . 55, p. 502, 504, the West
ern & Atlantic being included for the first time in 1891-92.
Year ends June 30.
1889.
1890.
1891.
Mileage end of year.......
652
652
^52
810
Gross earnings..................$3,300,165 $3,550,460 $3,943,304 $5*353,288
N et income..................... 1,348,721 1,430,414 1,657,063 **560,899
Interest on debt and taxes $869,696
$873,388 $914,799 $950,515
Rental W. A A. R R ......................
c
. ...
. ...
„ 420,012
Dividends........................ (5)333,426 (5)333,427 (5)333,427 (5)500,000
Improvements................
60,903
85,881
142,617
118,111
Balance, surplus.............
$84,696
$137,718 $266,220
$72,253
—(V. 53, p. 21,95, 4 0 6 ; V. 55, p. 22, 502, 5 0 4 ; V. 56, p. 331.)
N a s l i v l l l e A D e c a t u r .—>(See Map Louisville < Nashville.)—.Owns
c
£
from Nashville, Tenn., to Decatur, Ala., 119miles. Leased to Louisville
& Nashville for 30 years from July 1,1872, at a rental o f 6 per cent per
annum on stock. The lessee assumed all the debt and owns $823,300 o f
its stock. In 1891-92 gross $1,443,431; net, $484,318 ; interest, $147,000; dividends, $135,935. In 1890-91 gross, $1,491,782; net, $566,897.
N a s l i v l l l e F lo r e n c e A S h e ffie ld .—(Nee Map Louisville <t Nash
c
ville.)—Owns from Columbia, Tenn., to Florence, Ala., 79 miles, with
branch Iron City, Tenn., to Pinckney, Tenn., 12 miles, and has trackage,
Florence to Sheffield (Memphis & Charleston Railroad), 3 m iles; oper
ates Napier branch, 11 m iles; total, 105 miles. Operated by Louisville
& Nashville, which company guarantees the principal and interest of
the bonds by endorsement, and owns $729,400 o f the stock, par $100.
D ueL. & N. on open account June 30, 1892, $276,600, In 1891-92
gross earnings were $192,462 ; net, $18,008 ; taxes. $7,430, interest,
etc., $113,913; deficit, $103,335. In 1890-91 gross $230,058; net,
$31,193. (V. 53, p. 793.)
N a s liv llle Ac K n o x v i l l e . —Owns from Lebanon to 6 miles beyond
Cookville, 65 miles, and branch to Carthage, Tenn., 8 miles. Extension
under construction. Stock, authorized, $500,000; outstanding, $373,450; par, $100. Trustee of mortgage, Mercantile Trust Co. o f New
York. In year ending June 30,1892, gross earnings were $71,890; net,
$23,330; interest on'bonds, $54,900.
N a u g a t u c k .—Owns from Naugatuck Junction, to Winsted, Conn.,
56*2 miles and leases Watertown & Waterbary Railroad, 4 k miles.
Leased for 99 years from April 1,1887, to New York N ew Haven A
Hartford at $206,000 per year, earnings being included in those of the
lessee. On A pril 14,1893, lessee owned a’ l but $1,014,900 of the stock.
N c s q u e lio u in g V a l l e y . —Owns from Nesquehoning Junction, Pa.,
to Tamenend, Pa., 17 miles; Tunnel Branch, to Lansford, Pa., 1 mile.
Leased for 999 years to the Lehigh Coal A Navigation Company. In
1884 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.
N e v a d a C e n t r a l.—Battle Mountain to Austin, 94 miles (3-ft. guage.)
Stock, $750,000; par, $100. Road sold in foreclosure June 21, 1887.
For year ending June 30,1892, gross, $39,089; deficit under operating
expenses, $10,887, against$3,763.
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94
INVESTORS’ SUPPLEMENT,
[VOL. LVli.
S u b s c rib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Bonds—P rin ci
IN TE RE ST OR DIVIDENDS.
RAILRO AD S.
Miles Date Size, or
pal, When Due.
Amount
Par
of
Rate per When Where Payable, and by Slocks—Last
For explanation o f column headings, Ac., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
on first page of tables.
Naugatuck—St’k.10 p.c. ren’l, 99 yrs.,N.Y.N.H.AH.
1st mortgage...................................................... r
Nevada Central—le t M. g., income (sinking fund)..
Nee. 8 ou th .-l*l M., $1,500,000, gold...............c\U‘
Newark J
1st mortgage......................... o
Newark Somerset J: Straitsv.—ls tM .,ex t.in ’89, g.o*
Newburg Dutchess <t Connecticut—Income bonds. r
New Castle < Beaver Yalleu—Stock.........................
£
New Haven ,£ Derby—See N e w Y o r k N e w H aven
N. Hat.tf. Norlhamp —SFlt, gu. 99 yre.N.Y.N.H.&H.
1st mortgage.....................................................o*
Consol, sink, fund $15,000 per year not drawn.o*
Northern Extension bonds................................ o*
Bonds (not mortgage) convertible Into stock.. .o*
Holy. & W , leased, 1st & 2d M. ($200,000 gu.) ,c«
New Jersey Junction—1st. M , guar, by N.Y.Cent.eAr
New Jersey < New Porfc—1st M. (reorganization).o*
b
2d mortgage........................................................r
N. J. A N.Y. Extension 1st M., int. guar..............
New London Northern—Stock..................................
Consolidated M „ now 1st M. ($088,000 are 4s).e*
New Orlean* & Norlh Eastern—Prior lienm., gold.c*
1st mortgage........................................................
N. OrVns < North Westhi—lstM.,$20,000p.m.,g.,o*«fcr
&
New Orl. <££<?.—Prioy-iienM. ($250,000) g.,red. at 105
1st mort. for $1,000.000, income for five years...
Newport News d- Mississippi Valley—Stock.............
N. Y. Brooklyn < Man. Beach—N. Y. A M. B. 1st M..o*
£
N. Y. B. A M. B. 1st con. M., gold, guar, by L. Le*
Neio Torkt£ Canada—1stM.ster.,guar.D.AH.,Can.o'
New York Central < Hudson River—Stock.............
£
Debt certificates (N. Y. Central), gold, ext. in ’93.
55
IS
94
30
0
44
___
15
A Ha
92
114
27
17
5
34
34
121
121
196
196
77
66
66
14
20
150
$100
1883 1,000Ac
....
50
1,000
1888
1893
1,000
l.ooo
1871
1S69 500 &c.
1877
50
. ...
RTFOR D.
100
1,000
1869
1,000
1879
1,000
1881
1886
1,000
1,000
1870
1,000
1886
1880 500 Ac.
1885 500 &0.
1880
1885
1881
1890
1891
1891
Too
1,000
1,000
1,000
1,000
ioo
1877 500 Ac.
1,000
1885
1874 £100 Ac
100
1853 500 &e.
$2,000,000 lOperan. j . & j . New Haven, Ct., Treas.
150,000
4
J. A B.
do
do
1,418,600 5 per an. M. A S. Phila., 226 So. Third St.
750,000
No coupons paid.
5 g. ,r. & j .
450,000
5 g. J. A J. N. Y., Metropolitan Tr.
250,000
7
M. & S. N.Y., L. E. A West. RR.
800,000
5 g. M. A N. X. Y., Union Trust Co.
1,104,500
6
When earned.
700,000 See text. Q .-J.
Newcastle, Pa.
2,460,000 See text.
1,300,000
7
1,200,000
6
700,000
5
700,000
5
260,000
4 A 6
1,700,000
4
400,000
6
100,000
5
120,000
1,500,000 8 per an.
1,500,000
4&5
1,220,000
6 g.
5.000,000
6
See text.
5 g.
200,000
5 g.
6
(!)
13,679,000
500,000
"l
883,000
s g.
4,000,000
< g1
89,428,300 See text.
6,450,000
4 g.
=
A.
J.
A.
A.
J.
A.
F.
M.
j.
&
&
A
&
A
&
A
A
&
O.
N ew Haven.
J. N. Hav. .N.Tradesm’sBk.
do
O.
0.
do
do
J.
O.
do
A. N. Y. Cent, A Hud. Riv.
N. N. Y . , Mercantile Tr. Co.
j.
do
do
Jan., 1893
June 1, 1913
Mar. 1, 1893
July 2, 1938
Jan. 1, 1923
Sept. 1, 1901
Nov. 1, 1929
June 1, 1977
April, 1893
Apr., 1893
Jan., 1899
Apr. 1, 1909
Apr. 1, 1911
July 1, 1896
Apr.’98 A1911
Feb. 1, 1986
May 1, 1910
Jan, 1, 1986
New London, Office.
April, 1893
Q .-J .
J. A J. N. Y., Bk. o f No. Arner. July 1, 1910
A. A O. N. Y., Central Trust Co. Nov. 1. 1916
j . & j . N .Y ., M tiller, Schall&Co. Jan,, 1911
J. A J.
In default.
Jan. 1, 1940
A, & 0. N ew York Agency.
Oct,, 1931
1931
(!)
J. & J. N. Y., Corbin Bank’g Co.
A. & O.
do
do
M. A N. London, Baring Bros.
Q .-J. N. Y., Gr. Cent’! Depot,
M. A N.
do
do
Jan.
Oct.
May
Apr.
M ay
1, 1897
1, 1935
1, 1904
15,1893
1, 1905
From July 1,1892, to Bee. 31,1892 (6 months), gross earnings were
$723,158, against $48(3,876 in 1891; net, $125,000, against $171,466 in
1891. In year ending June 30, 1892, gross earnings were $1,290,620;
net, $273,443; interest (less credits, $3,404), $363,796; balance,
1
elicit, $90,353. In 1890-91 $1,138,529; net, $264,540. (V. 53, p. 2 8 9 ;
V. 55, p. 543; V. 56, p. 332.)
N e w O r le a n s «fc N o r t lv w e s t e r n . —Owns from Natchez, Miss.,
to Rayville, La., 77 miles. Projected to Little Hock, Ark. Stock,
paid in, $4,500,000, par $100. Bonds for $1,500,000 are hypothecated
for loans. In August, 1891, receivers were appointed and $500,000
receivers’ certificates were authorized for repairs, etc. I t is said the
company w ill complete the road from R ayville to Collins on the Mo.
Pac. In year 1891-92 gross earnings, $47,538; net over expenses and
N e w a r k S o m e r s e t ic S t r a it s v llle —Owns from Newark, O., to taxes, $11,044. W. B. Jenkins, General Manager, Natchez, Miss.
8hawnee, O., 4-1 miles; branch 3 miles. Leased to B. & O. till Nov. 1.1929
(with right to perpetual renewal at B. & O’s option) at 30 per cent of
N e w O r le a n s & S o u t h e r n .—New Orleans south along the Missis
rosg earnings and a minimum rental of $40,000 (interest on debt), sippi R iver to Bohemia, with a branch, 66 miles in all. Successor to the
took, common $795,600, and preferred, $230,900 (par both, $50). New Orleans A Gulf, sold in foreclosure March 5,1891. See V. 52 p.
$705,550 of the. first and $191,850 o f the latter being owned by the 391; V. 53, p. 156. Stock, $200,000; par $100.
Baltimore & Ohio. Floating debt July 1,1891, $653,203. In 1891-92
In 1892 gross earnings were $148,150; net, $5,583, against $9,452
gToss earnings, $149,978; deficit under operating expensos, $10,627, in 1891. (V. 51, p. 494; V. 52, p. 391; V. 53, p. 156.)
against net in 1891 of $2,116.
N e w p o r t N e w s «fc M is s is s ip p i V a l l e y . —Or g a n iz a t io n .—I n
N c w b u r g D u tc h e s s <fc C o n n e c t ic u t .—Owns from Dutchess corporated under the laws of Connecticut and operates under lease
the Chesapeake Ohio A Southwestern RR., Louisville, Ky., to Memphis,
Junction, N. Y., to Millerton, N. Y., 59 miles. Reorganized after
The C. O.
foreclosure in January, 1877.
In addition to above incomes Tenn.,and branch, 398 miles; subsidiary lines, 16 miles.
thero are $150,000 1st mortgage 7s, duo in 1907, $45,000 of 5 per A S. W. controls the Ohio Valley, Hopkinsville, via Princeton, to Evans
cent mortgage notes duo $10,000 yearly, Jan. 1, 1894, to 1897, and ville, Ac., 160 miles, and the Owensboro Falls of Rough A Green R iver
«
$10,000 bills payable. In year ending Juno 30,1892, gross earnings RR., 42 miles. See Chos. O. A S. W.
were $173,505, against $175,909 in 1890-91 net, $41,128; surplus
Se c u r it ie s , E tc .—July 1, 1892, company owned $5,608,700 Chesa
over charges, $17,597, against $8,964 in 1890-91. The common peake Ohio & Southwestern common and $3,511,600 preferred stock, and
stock is $500,000 and preferred stock $587,450; par $50. John S. there was due from Ches. Ohio A 8. W., as per balance sheet, $1,399,700.
Schultze, President, 59 W all Street, N. Y. (V. 53,p. 603; V .55 ,p . 371.) In Feb., 92, the lease and stock of the Elizabethtown Lexington A B ig
N e w C a s tle & B e a v e r V a l l e y . —Owns from Homewood, Pa., to Sandy were transferred to the Chesa. A Ohio. Central Pacific owns
stock. Loans and
$818*435 July
New Castle, Pa., 15 miles. Leased to Pitttsburg Fort Wayne & Chicago $1,680,000 of theNo. 23 Broad Streetbills payable wereConn.
and New Haven,
Railroad for 99 years at a rental o f 40 per cent o f gross earnings, and 1.1892. Offices,
N e w Y o r k B r o o k l y n Sc M a n h a t t a n B e a c h .—From Fresh
lease assumed by Pennsylvania Company, Dividends since' 1883
have been—in 1884,19 per cent; in 1885,10 per cent; in 1886 and Pond Junction to Manhattan Beach, and branches to Bay Ridge and
1887, 6 per cent each ; in 1888 and 1889,10 per cent each ; in 1890, 11; Greenpomt, 20 miles. This was a consolidation August 27, 1885.
tn 1891, 30ig; in 1892, 6; in 1893, Jan., lip p. c.; April, 1*2 p. c. quar Leased for 99 years from May 1,1882, to the Long Island RR. Co. at
terly. Rental in 1892 was $63,414. Gross earnings in 1892, $158,534; 35 per cent of gross earnings, but the rental guaranteed to be at least
net, $53,804; rental received, $63,414, against $67,626 in 1891; loss $95,980 in each year. Stock is $350,000 common and $650,000
non-ciunulative preferred (par, $100). Bividends on preferred
to lessee, $9,609.
from 1886 to 1891, both inclusive, 5 per cent per annum, paid semi
N e w H a v e n & D e r b y .—Sf e N e w Y o r k N e w H a v e n & H a r t .
.
annually, A p ril and October, by Long Island Railroad Company. The
N e w H a v e u & N o r t h a m p t o n . —Operates from N ew Haven, consolidated mortgage of 1885 is for $2,000,000; trustee is Centrai
Conn., to Conway Junction, Mass., 95 m iles; branches—To Williams Trust Company. The consols are endorsed by the L. I. with a memo
burg, Mass., New Hartford, Conn., Turner’s Falls, Mass., Tariffville, randum as to its agreement contained in the lease to pay fu ll interest
Conn., 32 m iles; leases—Holyoke & Westfield RR. 10 miles; total, 137 on the bonds and to purchase the principal at maturity. See V. 56, p.
miles. In June, 1887, leased for 99 years to the N ew York New Haven 812. In year ending June 30, 1892, rental was $110,850; deficit under
& Hartford at 1 per cent on stock till April, 1890; then 2 till April, interest and dividends, $924. (V. 51, p.4 94 ; V. 54, p. 1048.)
N e w Y o r k Sc C a n a d a .—Owns from Whitehall, N. Y., to Rouse's
1893: then 3 till April, 1896, and 4 afterward. The lessee on A p ril
14. 1893, owned all but $62,500 of the stock.
Point, N. Y., 113 miles; branches to Baldwin, Ausable and Province, 37
miles; total operated, 150 miles. Leased in perpetuity and virtually
N e w J e r s e y J u n c t i o n . —Terminal road through Jersey City,
Hoboken and Weehawken, connecting the trunk lines terminating a t owned by the Belaware A Hud. Canal Co., which guarantees the bonds,
those points; ength about 5 miles. Leased for 100 years from June and has $4,083,546 invested in it. The stock is $4,000,000; par, $100.
For 9 months ending March 31, 1893, deficit after oharges was
30,1886, to the New York Central which guarantees the bonds abso
$44,083, against a deficit o f $43,163 in 1891-92. For year ending June
lutely and owns $100,000 stock. The mortgage is for $4,000,000.
30.1892, gross earnings were $954,385, against $1,026,761 in 1890-91;
N e w J e r s e y * N e w Y o r k , —Owns from Erie Junction, N, J „ to net, $218,528, against $241,411; deficit under charges $92,236, against
Garaervillo. N. Y., 29 miles; branches to N ew City, etc., 5 miles; oper $63,828.—(V. 54, p. 289, 888; V. 55, p. 298, 806; V. 56, p. 290.) '
ates to Haverstraw, etc., 14 m iles; total operated, 48 miles. Reorgan
N e w Y o r k C e n tr a l & H u d s o n R i v e r . - ( 5 e e Map.)—Own
ized after foreclosure in April, 1880. Stock outstanding, $1,440^800
common; $788,000 preferred; par, $100. Loans and bills payable from New York City to Buffalo, N. Y., 442 miles: branches on N. Y .
Central division, 377 m iles; total owned, 819 m iles; lines leased—West
were $43,000 July 1,1892. Control o f road is with preferred stock and
first mortgage bonds till 6 per cent dividends have been paid on pre- Shore RR. and branches, Weehawken to Buffalo, 495 m iles; T ro v Si
for three years. In 1891-92 gross earnings, $304,460; net Greenbusli, 6 miles; Spuyten B u yvil A Port Morris, 6 miles; N ew York
$3 «
.
7
p( * 29;000i rentals.$11,400; deficit,$1,660. In 1890-91 A Harlem, 136 m iles; New Jersey Junction, 5 m iles; Rome Watertown
A Ogdensburg, Suspension Bridge to Massena Springs, and branches
gross $276,609; net, $31,987. (V. 54, p. 441; V. 55, p. 8.55.)
629 m iles; grand total, 3,096 miles. About 300 miles of the Now York
L o n d o n N o r t h e r n — Owns from New London, Conn., to Central Bivision has four tracks. Also operates the Bunkirk Allegheny
Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall R E , Valley A Pittsburp Railroad, 104 miles, reported separately.
Brattleboro to South Londonderry, Vt., 37 miles.
In January, 1891, leased the Beech Creek Railroad (which see), 131
L ease D fo rO O yea rs from Dec. 1, 1891, to Central Vermont. The miles, not included in above mileage, and on April 1,1893, took
rental Is $210,000 per annum, winch leaves a small surplus after pro over N. Y. A Northern (which sec), 61 miles.
On April 19, 1893, stockholders also voted to lease the Mohawk
viding for interest and 8 per cent dividends. Taxes, assessments
Improvements and renewals, are met by the lessee, without claim on the A Malone RR. (which see), extending from Herkim er on the Cen
N ew London Northern.
tral’s main line to Malone on the Central Vermont, a distance of
D iv id e n d s .—From 1878 to 1886, inclusive, 6; in 1887, fin.; from 1888 177 miles, completed in November, 1892. This w ill afford a through
to Jan., 1892, inclusive, at rate of 7 per cent per annum; thereafter line to the summer resorts in the Adirondacks, and, via 100 miles o f
connecting road, to Montreal. See Ch r o n icle o f March 25,1893.
2 per cent quarterly under leaso.
H is t o r y , A c .—This company was formed by a consolidation of
X , RNINGS.—In y e a r 1892 « ross earnings, $681,329; net, $187,946
In 1891 gross, $t>45,648; net, $210,12§.—(V. 53, p. 256, 881.)
the New York Central and the Hudson R iver railroads October 1,1869.
Bee., 1885, for 475 years. The Rome Watertown A Ogdensburg. whieii
eial law of A p ril 2, 1853. The West Shore Railroad was leased in
The N ew York Central was a consolidation o f several roads under a spe^heia_bytho.Alabar^NewO r see, was leased in perpetuity in March, 1891, and the Beech Creek
RR. (which see) in 1890 for 999 years. The New York & Northern,
Carthage & Adirondack and Gouverneur A Oswegatchie [see each com
pany] with a total mileage o f 119 miles were leased in April, 1893, and
»old lo r improvement*. e tc .'
' certain of their securities were guaranteed. V. 56, t> 501.
N e v a d a S o u th e r n R a i l w a y .—L ik e of R o ad .—Goffs (now
Blake) in California on Atlantic & Pacific to Good Springs, Nev., 100
miles, of which 30 miles completed in April, 1893, and remainder was
to be put under construction. Stock authorized, ¥‘2,000,000; par, ¥100.
Mortgage trustee Metropolitan Trust Co. of N. Y. Bonds are issued at
$15,000 per mile for road in actu tl operation and $5,C00 per mile ad
ditional for equipment. Isaac E. Blake, President, Denver, Col.—(V.
50, p. 164.)
N e w a r k & H u d s o n . —Owns from Bergen Junction to Newark, N.
J., 6 miles. Leased to New York Lake Erie & Western at a rental of
17,500 per annum. Stock, $250,000; par, $100. In year ending 18901 deficit under interest, $10,650.
§
f
*■ 800 Jc?
«S
a*
VANDERBI LT LINES between NEW Y ORK and CHICAGO
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RAILROAD STOCKS AND BONDS.
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INVESTOKS’
SUPPLEMENT.
rvoL. l v i ;
S n b * c r lb e m w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n tlie s e T a b le s .
Bond*—PrinoIN TE R E S T OR DIVIDENDS.
RAILRO AD S.
pal, When Due.
Miles Date Size, or
Amount
Par
When
of
F or explanation o f column headings, &c.psee notes of
Outstanding Rate per Payable IWhere Payable, and by Stocks—Last
Cent.
Whom.
Dividend.
Road. Bonds Value.
on first page o f tables.
Jfew York Central d- Hudson River— Continued—
N. Y. C. & H., i $30,000,000 > ooupon or reK 5
m ortgage... £ £2.000,000 }
1
* \
Debentures...................................................... cvtr
Debentures for $15,000,000 g., s. f. not dr’ n. .c&x
If. Y. Chicago d- St. Louis—Common stock................
2d preferred (5 per cent, non-cumulative)...........
1st preferred (5 per cent non-cumulative)..........
1st mortgage gold, sinking fund not drawn......o*
If. Y. Elevated—See M a n h a tt an E l e v a t e d .
Jf. Y. d Greenwood Lake—P rior lien M .,$500,000..
1st and 2d mort., income......................................
Jf. Y. d Harlem—Com. and pref.stoek, 8 p.c.,N.Y.C.
Consolidated mortgage, coupon or registered..c*
Jf. T. Lackawanna d Western—Stock, guar. 5 p. ct.
1st mortgage, guar, by Delaware Lack. < West.o*
fc
2d mortgage, guar, by Delaware Lack. & West.o*
Terminal Improv. M., (for $5,000,000) gu. p. & i..
Mew York Lake Erie d: Western—Stock, common---Preferred stock, not cumulative...........................
.N.Y. A E. 1st M.,PiermonttoDunkirk,N.Y.,oxt.c*
2d mortgage, (extended in 1879) gold............ e*
3d mortgage, (extended in 1883) gold............o*
4th mortgage, (extended in 1880) gold.......... c*
5th mortgage (extended in 1888), gold ......... c*
Erie R ’y ,ls t M.,Buff. Br. Hornellsv. to Attica, g.c*
1st consolidated mortgage, gold, $ & £ ......... o*
7
1873 $1,000 $30,000,000
1,000
9,733,333
1873
i g1884-9 1,000Ac 11, 000,000
1890 l.OOO&c 11.500.000
4 R.
100 14.000.
000
100 11. 000.
000
5.000.
000 .text.
100
See
1,000 19.525.000
513 1887
4 g.
840
840
40
40
151
132
214
200
1,000
1892
1878 100 &o.
50
1,000
1872
100
1,000
1,000
1,000
200
1
1880
1883
1890
446
446
446
465
465
60
526
1,000
1847
1,000
1879
1,000
1853
1,000
1857
1858 500 &c.
1861 100 Ac.
1,000
1870
100
100
N e w Y o r k C e n tr a l & H u d s o n K i v e r . —(Concluded.)—
Ca p it a l Sto ck .—Stockholders voted April 19, 1893, to Increase the
capital stoek from $89,428,300 to $100,000,000 tor improvements,
the new stock to bo ottered to stockholders ot June 15 at par, payment
to be made 50 p. c. July 1,1893, 25 p. c. Jau. 2,1894, and 25 p. c. July
2,1894. See full statement V. 5G, p. 403. 501. Dividends on stock
registered in London are payable in gold at 49 V I. to dollar.
D iv id e n d s .—From 1869 to 1884, inclusive, 8 per cent per annum; in
1885, 3% per cent. From 1886 to 1889, inclusive, 4 yearly; in 1890,
4%; in 1891, 4%; in 1892, January, 1%; April, 1%; July l i t ; October,
1%; in 1893, January, 1 1;; April, l i t per cent (quarterly.)
P ric e of Sto c k .—I n 1884, 83%®122; in 1885, 81%® 107%; in 1886,
98%®1173e; in 1887, 101%®114i%; in 1888,102%®111; In 1889, 104%
®130%; in 1890, 95%®111; in 1891, 98%®119%; in 1892, 107%®
119%; in 1893, to May 19, inclusive, 9 8 % ® !!!% .
B onds .—Of the $11,000,000 5 per cont debentures due 1904, $1,000,000 registered bonds, dated in 1889, have no mortgage privilege, but
have a stook conversion privilege, while debentures ot 1884 have not.
In June, 1890, $15,000,000 debenture 4 per cents were authorized
for improvements. They are to be included m any new mortgage, and
have a sinking fund of $300,000 yearly—no drawings.
The debt certificates due M ay 1, 1893, were extended for tw elve
years at 4 per cent, interest and principal payable in gold.
Gu a r a n t ie s .—Under tbe lease o f the West Shore BR. $50,000,000 of 4
per oents were guaranteed and $10,000,000 West Shore stock taken as
-consideration. Four per cent per annum is guaranteed on tbe stock and
bonds of tbe Beech Creek—see that company—and in 1891 tbe debt of
tbe Borne Watertown & Ogdcusburg was assumed, under tbe lease,
and 5 per cent yearly guaranteed on its stock—see that company.
Gouvem eur & Oswegatchie bonds for $300,000 are also guaranteed. In
April, 1893, voted to guarantee $2,500,000 Mohawk & Malone 4 per
cents, $1,600,000 Carthage A Adirondack 4s and $5,000,000 N. Y. &
Northern 4s. See each company and V. 56, p. 501.
G e n e r al F inances .—In May, 1892, an additional Issue o f $3,000,000 o f 4 per cent debentures was made. Tbe bridge over tbe Harlem
K iver is to be raised 24 feet at an outlay o f between $3,000,000 and
$4,000,000. See Y. 54, p. 560.
L atest E arning s .—T be actual earnings fo r the nine months ending
Maroh 31,1893, were as follows. See Vol. 56, p. 753.
Gross
Net
First
Balance,
N ine mos. earnings.
earnings.
charges.
Dividends, surplus.
1892...... $34,972,740 $10,931,306 $7,520,242 $3,353,561 $57,503
1891...... 34,558,177
11,009,375 7,411,496
3,353,561 244,317
A n n u a l B e po et .—Fiscal year ends June 30. Beport for 1891-92
was in V. 55, p. 439,459. The figures below include tbe Borne
Watertown & Ogdensburg after March 15,1891.
Tear end. June 30.
1890.
1891.
1892.
Gross earnings.................... $37,008,403
$37,902,114
$45,478,625
Oper. exp., tnolud. taxes... 24,492,130
25,370,852
31,139,113
Net earnings......................... $12,516,274
P. c. o f oper. exp. to earns.
(66T8)
■Reb. State t’x prior y’rs
111,030
$12,531,262
(66-94)
88,740
$14,339,512
)68-47)
77,351
Total net income....
$12,627,304
Rentals paid..... ...........
$4,053,393
Interest on debt.........
3,590,535
TaxeBonearn.&cap.st’k
209,884
Reserved for deb'tures.
...........
Dividends................... (4%) 4,024,273
Miscellaneous.............
...........
$12,620,002
$4,452,100
3,854,968
274,896
300,000
(4)3,577,132
72,222
$14,416,863
$5,303,704
3,987,818
214,359
300,000
(5) 4,471,415
6,245
Balance........................
sur.$749,219
sur.$88,684 sur.$133,322
—(V. 54, p. 243, 486, 560, 845, 889; V. 55, p. 6, 21,255, 4 3 9 , 4 59. 544,
639, 765, 814), 857, 1110; V. 56, p. 83, 206, 463, 501, 668, 700, 753.)
N e w Y o r k ; C h ic a g o & St. L o u i s . —f,Sec Map o f New York Cen
tral <t Hudson B iro-.)—Owns from Buffalo, N. Y., to Illinois State Line,
512 m iles; leases in Buffalo, 1% miles; Illinois State Lino to Chicago, 9
miles; Dunkirk to Silver Creek, 8 miles; total, 531 miles; second track
8 miles; side track, 177 miles.
H is t o r y .—Tbe former Bailway Company was formed in 1881 and
beorauo known as tbe “ Nickel Plate.” Sale in foreclosure took place
May 19,1887, and tbe present company was formed in September 1887.
Sto c k .—Lake Shore & Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stook.
D iv id e n d s .—On first preferrred: In 1891, March, 3% per cent; in 1892.
March, 3 per cen t; in 1893, March, 3 per cent.
Bonds .—A sinking fund of $100,000 per year is provided when net
■earnings are $900,000 or upwards, if bonds can bo bought at or below
102; If not. tbe sinking fund lapses for that year, thus leaving $100,000
more for dividends. The oi-iginal Isbuo of bonds was $20,000,000, and
it has been reduced to present amount by tbe sinking fund purchases.
See abstract of mortgage (Central Trust Company of New York, trustee),
V. 45, p. 541. Gold car trusts for $600,000 bearing 5 per cent interest
250,000
2.700.000
5
6
J.
J.
M.
J.
A
&
&
A
J.,Sf. Y., Gr. Cent. Station.
J. London, Union Bank.
S. N. Y., Gr. Cent. Station.
D.l
do
do
Jan.
Jan.
Sept.
June
1,
1,
1,
1,
1903
1903
1904
1905
N. Y., Gr. Cent. Station. Mch. 1, 1893
A. A O. N. Y., Union Trust Co. Oot. 1, 1937
F. A A.
N ew York.
None paid.
10, 000,000 See text. J. A J. N. Y., Gr. Cent. Station,
M. & N.
do
do
12,000,000
7
10,000,000 5 per an. Q .-J . N. Y., by Del. Lack. A W.
12, 000,000
J. A J.
do
do
6
5.000.
000 5
F. & A.
do
do
4.350.000
M. A N,
do
do
4
77.427.000
8,536,600
N. Y „ 21 Cortlandt St.
"s ’
M. & N.
2.482.000
do
do
7
2.149.000
do
do
5 g. M. & S.
4.617.000
do
do
4 hsg- M. A S.
do
do
A. A O.
2.926.000
■ *• J. A D.
>
709,500
do
do
4 g.
182,600
do
do
4 g. J. & J
16.891.000
7 g. M. A 8. N ew York and London.
1942
Nov. 30,1908
Apr. 1, 1893
May 1, 1900
Apr. 2, 1893
Jan. 1, 1921
Aug. 1, 1923
M ay 1, 1923
Jan. 15,
May 1,
Sept. 1,
Mob. 1,
Oct. 1,
June 1,
July 1,
Sept. 1,
1892
1897
1919
1923
1920
1928
1921
1920
were issued in 1892, $60,000 being payable Sept. 1 yearly from 1893
to 1902, both inclusive.
A n n u a l R e p o r t .—R eport for year 1892 was in V. 56, p. 791.
Tear end. Dec. 31—
1889.
1890.
1891.
1892.
Gross earnings......... $5,090,329
$5,820,306 $6,171,088 $6,467,165
Oper. expen. & taxes. 4,003,544
4,678,251
5,056,082 5,375,162
N et earnings....... $1,086,785
Bl,142,054 $1,115,006 $1,092,003
Net.inc. other income $1,092,175 pi,154,828 $1,128,574 $1,102,209
Interest naid............
$791,680
$784,570
$780,422
$791,059
Principal equip, trust
...........
20,000
R entals.....................
81,139
87,685
90,551
91,320
Sinking fund..............
99,954
93,748
99,940
48,794
Div. on 1st p r e f ........
. (3%)175,000 (3) 150,000 (3) 150,000
Balance, surplus. $119,402
$13,826
$7,667
$1,036
- ( V . 53, p. 714; V. 54, p. 329, 800, 8 85; V. 55, p. 895 ; V. 56, p. 290,
791.)
N e w Y o r k & G r e e n w o o d L a k e . —Owns from Jersey City, N. J.,
to Greenwood Lake, 48 miles, and branch to Ringwood, 2 miles; oper
ates WatchungRy., Woodside to Orange, N. J., 4 miles, and the Cald
w ell Ry., 5 miles; total, 59 miles. Tbe N ew York Lake Erie A Western and
Cooper, H ew itt & Co. control the property. Stock, $100,000; par $100.
Tbe holders of the second mortgage o f $1,800,000 have the right to
pay off the first mortgage incomes of $900,000 at 105.
E ar n in g s .—Gross earnings in 1891, $302,634; net, $43,481; inter
est, $15,839; loss on Watchung RR., $1,882? interest on advances for
State taxes, an accumulation of 12 years, charged off, $24,711.
N e w Y o r k & H a r l e m . —Owns from New York City to Chatham,
N. Y., 127 miles. From Chatham to Albany, 24 miles, the Boston &
Albany Railroad is used. This company owns tbe Fourth Avenue street
railroad. Tbe property (except tbe horse raih-oad) was leased April 1,
1873, for 401 years to tbe N. Y. Cent. & Hudson at 8 per oent dividends
on tbe stoek and tbe interest on tbe bonds. Tbe preferred stook is
$1,361,350; balance, common. Both stocks in addition to tbe 8 per
cent guaranteed by tbe N. Y. Central have received dividends out of
the earnings o f tho Fourth Avenue horse railroad, annually in April, as
follow s: From 1882 to 1889, inclusive, 2 per cent yearly; in 1890,
1891,1892 and 1893,2% per cent. A ll operations included in N ew York
Central & Hudson. (V. 51, p. 494; V. 55, p. 373.)
N e w Y o r k L a c k a w a n n a & W e s t e r n . —(Bee Map o f Delaware
Lackawanna <• Western.)—From Binghamton to Buffalo and Interna
£
tional Bridge and branches, 214 miles; Delaware Lackawanna A W est
ern has a lease for 99 years, giving a guaranty o f tbe bonds and 5 per
cent yearly on tbe stock, tbe guaranty being endorsod on tbe bonds and
stock certificates. Due the lessee July 1,1892, $692,866. In year 1892
gross, $8,728,356, against $8,097,284 in 1891; net, $4,189,379, against
$4,064,637 in 1891.
N e w Y o r k L a k e E r ie & W e s t e r n . —Main line Jersey City to
Dunkirk, N. Y., 460 miles, with branches 643 miles; total 1,102 miles,
made up as follows:
Lines leased (continued).
Miles.
Lines owned.
Miles.
Piei-mont, N. Y., to Dunkirk.. 446 Buffalo N ew York & Erie R R* 140
Branches to Attica, etc......... 105 Suspen. Bridge A E rie J. R R*. 24
Lines leased. (*8ee these com
Rochester A Genesee Val. RR* 18
Buffalo & Southwestern R R * .. 66
panies.)
Jersey C ity to Sufferns, N. Y.
Northern of N ew Jersey BR*.. 26
(several small roads)........... 31 Sundry short lines...... ........... 175
Jeff, rson R R *......................... 45
Buffalo Bradford & Pitts. R R* 26
Total N. Y. L. E. & W ....... 1,103
Also leases New York Pennsylvania & Ohio and branches, 596
miles, and owns tbe entire stock o f tbe Chicago A Erie, owning from
Marion, O., to Hammond, Ind., 249 miles, and leasing trackage over
the Chicago A Western Indiana, 20 miles, to Chicago, making grand
total Oct. 1,1892,1,968 miles.
H is t o r y , L eases , A c.—Tbe New York A Erie Railroad was chartered
April 24,1832, and opened to Dunkirk A p ril 22, 1851. Reorganized
as Erie R ailw ay Company In 1861, and sold under tbe second consoli
dated mortgage in 1878; reorganized as at present June 1, 1878.
The Long Dock Comp'y lias stock of $800,000, all owned by tbe New
York Lake Erie A Western; its property consists of lands and lands under
water, about 577 acres, with piers, buildings, etc., and is leased to the
Eric at $480,000 per annum, payable monthly in gold, Erie also to
l ay all taxes, renrals, cost of maintenance, etc. The New York Lake
Erie A Western Coal A Railroad Company is an auxiliary corporation
from which advances of $1,388,252 are due, as per balance sheet of
October 1, 1892; in August, 1890, its bonds were guaranteed principal
and interest (by endorsement on bonds), the property being leased till
July 1,1925, at a rental equal to Interest. See V. 51, p. 752, and de
scription o f property in V. 52, p. 642.
In 1890 on reorganization of the Chic. A Atlantic (now Chic. A Erie),
there were issued $12,000,000 4-5 per cent 1st mortgage bonds, interest
on which is guaranteed. Erie bolds $4,500,000 C. A E. incomes and all
tbe $100,000 stock. See Ch r o n ic l e , V. 50, p. 021, 752: V. 51, p. 911.
Ca p it a l Sto c k .—Preferred stock has a prior right to 6 per oent
(non-cumulative) from tbe net profits, “ as declared by the board o f
directors," but the U. S. Supreme Court held in 1886 that this stook has
no legal right to claim a dividend, though net earnings are sufficient.
RATT.HO. AD
Mat, 1 S .J
S3
STOCKS
AND
BONDS.
9 7
S u b s c r ib e r * w i l l f o a f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
RAILROADS.
For explanation of column headings, Ac., see no’
on t o t page o f tables.
Bonds.. Prinoi *
IN T E R E S T OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
Rate per When Where Payable, and by Stocks—Last
! of
of
Par
|Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
» « ! T'srk Lake Brie it Western—I Conlim ird./
N. Y. L 8 . 4 West, funded coupon bonds, gold.o' i 526
: 534
.
Income bonds tnon-eumulatlve)..................... ..
Old ear trusts, ser, B. to G, IneL, pari pd. ann e‘
New car and engine trusts..................................
N. T. Car trust, 1388. ser. A. (guar, by D. & H.>. I
Long Dock Co. 1st mortgage,Int. guaranteed.. ,c
Cons, mart., K .fl«t M. after June l , ’93.(gee text)
N ew b u rgA N . Y. 1st mort., extended In 1889.. V
S. Y. L. 6. A W. Coal A RK. 1st M. gu.,endorsed.c
S.Y.L.E. A W . D A LCo. 1st M ..see Y . 56,p . 82.c*
X. T. it Long Bt aneh—fiSB C bnT k .i l o f N. J.
.V. F. t Uassaeh useltt—Stock...... ...........................
1st mortgage......................................................
Consolidated mortgage, gold............... ...............
X. Y. t X. England—Block ($26,000,006 authoriz'd)
Preferred stock, 7 per cent cumulativ e ................
1st mortgage 88,000,000 are 7#).........................
2d mortgage ($9118.000 wore 5s till Feb.,*92)......
Consolidated mortgage for $25,000,000. gold —
Boston Terminal 1st mortgage for $1,500,000.e*
Real estate mart. note. Curtis’s Whart (see text)
do
do
Curtis's Wharf (see text)
Dae an purchase Piper'* Wharf...................
Mortgage notes on land at Springfield A llai
....
1878 $S00Ac.
1S7S
1.000
1878 500 Ac.
1882
1,000
1.000
1885
1878 300 &e.
1,000
1888
1863
1885
12 1868
....
1882
[1883
1*000
1,000
1.000
1,000
1,000
1,000
40
113
100
1,000
321
321
.
.
1875
1887
1876
1882
1892
1889
Too
100
1,000
1,000
1,000
....
....
188$
___ ♦
1890
1.000
D iv id k a d s on preferred stock from 1882 to 1834, 6 per cent—none
afterward* tlU Jan. 15,1892, when 3 per cent wa* paid; fn Jan.,’93, nil.
$3,705,977
2,500,000
33,597,400
3,3-44,000
4,031,400
508,008
3,794.000
| 1,730,108 ;
f
3,000,000
4,500,000 i
250,000
3,075,000
4,000,000 |
•1,014,000
24.000
g. M. A B. New York and London.
M.
X.
do
*• J. A D. N. Y,.do
A
Dre.vel, Morgan.
*
*
N. Y., 21 Cortlandf St.
«•
J. A I>.
do
do
i s ' J. A D, Paid 6 p.o. Jan. 15,1S93
Various N. Y., 21 Cortlandt 8t.
do
do
J. a ' j .
do
do
f
7
J. A D.
do
do
A. A O. N. Y., Drexel, Morgan.
8 * J. A J. N. Y.. 21 Cortlandt St.
M. A X.
do
do
6
6
J. A J.
do
do
7
s
f
?
7
5 g.
19,809.000
3,705,000 See text.
10,000,000
6A 7
6
5,000,000
It)
5g.
1,386,000
60.000 !
4%
80,000!
5
200,000 !
5%
34.300
410,910
6
Aug. 1, 1905
Oct. 1, 1937'
F. A A.
A. A O.
M. A N.
J. A J.
F. A A.
J. A D.
A, A O.
F. A A.
A, A O.
Mt’ hly.
Sept. 1, 1920'
Deo. 1, 1908
Dec, 1, 1969
Nov. 1, 1922
Dec. 1, 1969
June 1, 1977
1900, '02, >05
By Aug., 1898
$83,000 Jan. 1
June 1, 1893
Oct. 1, 1935
Jan. 1, 1929'
May 1, 1922
July 1, 191S
Boston,Of.,244 FedTBt. Nov. 2,
Boston, 8. Dep. A T r. Co. Jan, l ,
Boston, 180 Sumner St. Aug. 1,
June 1,
Boston, 180 Stunner St. Apr. 1,
Boston.
1891
1905
1902
1942
1939
Oct. I*, 1893
Moh. I , 1893
F. A A. Boston.OldColouyTr.Co A u g.,’93 to ’ 9T
Ic a c ending kept. 36—
1890.
1892,
1891.
Taxes....................
$119,875
$120,239
$128,478
, (Tairas or prior years............
55,692
51,955
89.375
P 8 t « O f 8TOCK.—Common In 1884, 11 V J 2 * * , : in 1885.9% 927% In Other debit Items...........
201,275
156,610
248,396
1888, 22%A38%; In 1887. 2 4 % »3 9 % In 1898, 82% »30% ; In 1889,
25kri307« in 1800.16929%: In 1891. 17% 431%: In 1892, 23% 1 31%:
Total debt!*........................$7,178,644
$7,294,352
$7,574,539'
In 1893 to May in. tnrlmlve. In.. 2 6 V
B a la n c e , s u r p lu s '.................
$ 8 6 0 ,2 5 4
$ 1 ,0 0 5 ,3 7 8
$733,259Preferred stock— In 1884, 20ts71; In 1885, 189 57 ; 1st 1.886, N % a j
81%; In 1887, 59 * 70: In 138$,52%#87%: in 1889.61*7.1%; In 1890, - (V . 53, p !37, 754, 778, 792, 793, 7 94; V. 54. » . 288, 761, 846; Y.
5*1, p. 161.337, 9 30 , 937, 938. 9 3 9 , 10,16; V. 56, p. 247, 793.)
46*69% ; In 1891, t7%«r77%;to 1893, .53%*77%. in 1393 to May 19. j
teciusi voj 3 7 % »5 »,
Net*' T u r k A N e w E n g la n d . —Ro a d e x tenda as f ollows ;
Miles Leased. rH cc erparntr statement.)
Bonn*,—The first lien bond* o f 187$ .have a Kinking fund o f 8100,000 j Lines Owned.
to Hopewell
Norwich A Worcester B B ..... 66*
w a rty « t d might b* called f » r payment, hut the company ** h » decidedi Boston,
Junction, .V. V. . ............ 215 j Rhode Island AA Mass. R K ....... 14
tirade Island
mm. redemption shall tm by purchase only,”
Rockville R K .......................
4
The J tn t consolidated /Wooed rmsjeon b < »8 i are w cured hr lien o f coo (Junction to WfauiHW traciag'
1
solldated mortgage. On the m m d t o m M U M mortgage (Farmers' i W lo»p c« t* M U Landing... "J B, A A. Kit., to rprttigtleld......
Loan A Tnutt Company, trustee) no fowetesttr* can take place till « x i Providence to WlBltnanUe...... 58 M ilford & Woonsocket, etc.___ 20
Newton f«> Woonsocket, R. I . 29 'Providence A bprlngllold RB. 21
*oooc*»ive coupon*' are la default, but all o f one coupon trout bn paid
before any part o f a *ub#eqa«nt coupon to paid. The collateral irust East Ttrampwn to Bonthhriden 17 Woonsocket A Paaooag K B ___ 16
bond* o f 1882 Cite Culted n x w Trout Company, trustee, *ee V. 38, p, East Hartfort, Ct., to Bpriugf d 27 Meriden Waterbary A Con
36
509), aw redeemable at 110 o s three month.*' notice. TUr meemd Other lines.............................. 12 j necticut R iv e r................
ammUdaterl funded coupon bonds of 1885 were t**ued to fund three
Total main track owned........360 | Total leased lines operated. .166
pasted ue coupon* and the coupon o f June, 1386, the coupon* being dc
posited a* security. These bo nil* are mihteet to call at 105 and latere*!.
The CTimpany ha* trackage from Hopewell Junction to Wloopee
‘th e U m g X*w* V n d * o f 18-5 for 87JM>u.OOO (o f which 83,696,000 Janctton, 12 m!h *. and fn Providence to station 1*16 miles, making
reserved to meet old bonds) by their term* are redeemable any time total m ile* operated Jan. 1,1893, 538 tolls.
at 110. but only from sale o f land not »■ - ■•*r> for com pany* i w .
•••■
It* train* are also battle 1 by New Ixmdou Northern RR. Co. from
No land hii* been wild and none, i l l * said, cun be, the cotnpxtij' need Sorwicli to New London, 13 miles, company controls, through lease
to * more thaw the presiTit ainoanl. The bond* cover t he liergen tun of N & w . the Norwich A New Y«irk Transportation Cods'line o f
nel, 576 acre* o f toad. dock*, tormina!*, etc. Total Long I»oek property steamers between Norwich, New London and New York, 135 niUea.
eonvoyrel b y mortgage is ;»«%«.*,-d at «vct- n million*, mid this amount
OB0ANW4TION. -u c - —or to 1.873 to Boston Hartford A Brie R R .,
Erie officiate nay 1* not more U n a 70 per mmi o f actual votou. The which became insolvent. From Jan, 1,188*4, to Jan. 1, 1886, to hands
lo n g P o e ln 7.» due June 1, 1893, wits be pax! at mat a r ttj. Of the o f a receiver. In March, 1993, Mr. McLeod became President
$4,000,000 Mark ,* Tmjrroremenl Company** muni. o.ul.f.HX) rif,
CAPITA! STOCK.—The preferred stock Is 7 per cent cumulative, bat
deposited oade.r Eric'* collaterai trust o f !*•*-' S o V. 50. p. « 2 ,
without Interest. In 1892, $-161,600 preferred stock was sold.
M O M . 1, 189% Mm i c e rn r W i h am ounted !< $ 1,248,188, th e »
>
engine tract to $481,-in.'s, and oirt c.«r trsisto, $3,794,000,
In vtw tv!.*. -On preferred stock from 1686, when issued, to N ov.,
Too 5. s, J*. K. A W. Coal. ,v U R Cwttiptuif *» bond* were d w f i n w in 1991, both Inclusive, wore 7 per rant yearly. Payments o f dividend
X. 52, p. 6 i „ 8«# »l*o above under " in m a lia tie a . Leasee, etc,"
due May 2, 1992, wa» enjoined. V. 54, p. §04.
Panto •w C ommon s to c k .—I n 1897, 34% «68; in 1888,29% 653%; la
FtOATBt® DeitT.-On Mar. 31, 1893, teas* a n t bill* payable were
4>%sr53%:
% : in
?
#3,779.090, against #1,01 M171O K 1. 1695ft luweta Oct, 1, 1892, In* 1889. in 1693 to Mayin 1990, 2 9 *5 2 $52%. 1881, 31 < 43; In 189230%
a Ml;
19. Inclusive, 21
ended $ 1,500,006 Cblesgo A Brie tocow e* See rejiort, v . 55, p. 937,
B o ro *. E tc .—Stock Is removed for $191,000 convertible Boston Hart
L k t w r Es k yikito,—For the first six month* ■-* the fiscal year the re A Brie Berdrtl bond*. Of the 2d mortgage l*onds $998,000 bore 5 per
salt* were as follows, a* reported to the New York Stole Railroad Corn- cent Interest to Feb. 1892—for balance o f term they bear 6 per cent.
In March, 1802, the stockholder* voted to issue a consolidated mort
ml** loner*;
gage. There I* some opposition thereto, and the nuestion o f it* legality
M x months ending March 31 **
1891.92,
Isul v t .
is pending, bee V. 5 1. p. 4 13. 721.906, lO lT; V. 55, p. 177, 256, 331,
Orosa earning*............................................ *1 .'.,137,401
$11.820,867 561, 039, 723, 995; V. 56, p. 83, 127, 022, 700.
N et earnings..............
4.913,014
5,087,744
Equipment notes mature Aug. 1, 1803, to Aug. 1. 1894, $25,000
1,300,208
1.314,191
F to p 'a d a e ia e d U tn *.................. ........*.
yearly; Aug. 1. 1895 and 1896.ttOO.OOOyearly; A o g .1 .1907,$160,000.
F ujatjno liK iit. On Dec. 31, 1992. loans and hills payable were
B a la n c e ................ .................. . . . . . . $3,606,836
*3,773,653 $142,853. again*! $331,363 Dec. 31,1891; net floating debt, $380,353,
Other Income— .........
467,021
511.667 against $138,303. See V. 56, p. 538.
Lk
$750,066 Providence
Total........................................
$1,073,857
84,285,220 ticid u c o L inks .—Company gnarantra* of lease* pay* rental A Spring*
5 per cent*, atui also under terms
equal to
D M tlM tat., take*, etc ....... ........ ........ ,,
3.932,366
3.960,572 iuterrad and dividend* on follow ing bonds and stock*: Meriden Watorftory A f'ouiHsctlout 5s, $450,000; Norwich A Worcester 8 per cent
Balance..
---------- --------------------»r. I t 1.491
*r.32t ,648 stock, $2,640,360. and (1 percent bond*. $400,000; Prov. A Spriugfletd
A v v cs t. R k to st .—Fiscal year end* Scptetnlwr 30. Anmini meeting 6 i»er cent stock, $517,4.56; Woonsocket A 1'nsoomc 5 per cent etock,
ishcld on last Tuesday In November. The annual report tor the ren t $200,000, and 5 per cent bond*. $100,000. See statement for eaoh.
ux.'KRAi, Fix vv.-r*.—f)n March 14. 1893. stockholder* voted to
1891-92 was published tn the G M O M ru t. V. 55, p. 920,937.939. The
baud the Sohurimn ItR. si ml to guarantee it* bonds; also to purchase
fro®* earnings taclnde the N. Y. Penn. A Ohio and all the teased line*.
at foreclosure sale the Curtis wharf, the mar gag* * on whloh are being
Tear ending Sept. 30.
1K9<)
1891,
1892.
foreclos'd, and to issne bainnee of terminal bond* thcroon. V. 56. p.
Mil.w operated Sept. 33...............
1.638
1.696
1.968
464.793. A large
ToU i gross earn in gs...................$29,068,935 $30,096,699 $31,261,78-1 See V. r.u. p, 622. increase in coal traffic was reported in April, 1893.
Proportion paid leased lin e*........
2,614,101
2,587.066
2,628,043
E aksixus . —For 3 months ending march 31 earnings were;
Leaving as sneom revenue .,
.926,454.834 927,503.033 929.633,741 3 » * .
Onus.
Set.
Other inr. Literati, etc
Balance.
Total operating expense* .
. 39,505,951 20,243,936 21,460,784 V i m . . . . $1,440,105 $182,6;
1
- 75,006 def, $190,187
1892....... 1,360,887
187,076
1,510
460,075 def. 272,093
Net earning*............ ................... $6,91.8.983 97,359.697 97,166,957
AW tr.u. R k to kt . -F isca l year ends Dec. 31. Annual meeting in held
p. e. 0**r. nxp. to toad fro m earns.
47T024
07'2763
68-6678 in Boston on second Tuesday in March. Annua! report to r 1891 in V.
50, p.411.
pnorrr a sh to m s ta ts m k s t .
Tear ending Dee. 31—
1890.
1891.
1892.
Total gross earnings.......................90,029,125 $0,220,030 $6,220,494
Tear ending Srpl, 3 0 1890.
1891.
1892,
Net earning*.,........ ............. *#,948,m»
$7,259,697
$7,100,957 Net earning* .....................
$2,007,857 $1,915,684 $1,808,347
Pavrrala ferric* earnings......
360JV57
385,094
398,568 Other receipt*...................
9,301
7,204
5,354
Interest on .secttritlcs,..........
45-1,589
383,611
310,057
Other enalit Hera*................
374,870
366,298
4.31,718
Total income............................ $2,017,158 $1,922,888 $1313,701
Rentals paid...............................
$410,793
' '
"
----------$460,240
$476,479
Total cred it*.
$9,038,809
98.299,730
1,143,250
1,043,384 1,11(5,056
$8,367,708 Interest, etc...................................
s«9 v Ihlpci
283,800
264,764
254,4.03
9341,627
$323,902
$327,922 Taxes............................................
189,000
laterrst on funded debt......
210,000
.......
4,693,021
4,680,781 7 p. c, div. on prof, stock.............
4,688,880
Weehawkcn docks—Interest.
55,245
18,419
Interest on loans................
$90,187aef.$128,172
df.$60,431
164,750
114,592
170,903 Balance, surplus............................
Interest on mortgage*. Ac..
6.787
7,175
9,275 ~<V. 55. p. 21, 106. 177, 250, 331, 337, 373, 419, 504, 639, 704, 723,
la tercet on cjolproent ........
319,488
294.438
303,836 806. 895, 935, 938, 996; V. 56, p. 83, 127, 104. 206, 331,41 1,464, 502,
lease,* line*..
Rentals o fF1
1,220,884
1.518,086
1,609,673 §38,576, $22, 700,793.)
_
_ „
9#
fSSrOXSaANT
•lNraW 3rM<LQS
M A P OP TH E
N ew Y o r k ,
Ontario & W estern
R A I L W A Y & C O N N E C T IO N S .
M , 1*8 J
at
KALLK0A1)
STOCKS A M D
BONDS,
an
S u b sc rib e rs w i l l c o u fc r a g re a t f a v o r b y g i v i n g Im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d I n tbese T a b le s .
Bonds—
PrinciINTEREST OR D IVID E ND S
— -------------=
B A H B 0 A J 8 . ----------------- _
Miles Date Size, or
pal,When Due,
Amount
able, and by Stocks—Last
For explanation o f column headings, de., see notes or
of
Par
Rate per When Where paya
Wh<
' om.
on first page o f table.
Road. Bomb Value Outstanding Cent. Payabli
Dividend.
geu> fo rk S'etc H arm < Hartford—Stock..........................
1
1st mortgage {for $5,000,OOOi............................ r 123
Debentures (.$15,000,000) exeh. for stock in lfi03. —
Bonds
of
P r oprietary , etc.. L is e s :
Bos. A N.Y. A M L 1st
H. to \VilUman.,Ct.e*
50
Danbury A Norwalk con. M. ($100,000 are 6s). c"
36
Geni. M„Danbury,Conn.,to Wilson Point, A e .c
36
Harlem & Portehester 1st tnort. g u a r...... .....par
12
2d mortgage, guar. (See V. 50, p. 813)....... oar
12
Housatonic old consolidated m ortgage............
74
Danbury Branch 1
Kinds, subject to call...... - ..............
New consol, mortgage (for $3,000,000! gold, .o '
80
Naugatuvk 1st M., Nauga. Juno, to Winsted, Ct.r
55
13
New Haven A Derby 2d tnort. mow 1st).......... t r
Consol. mort for $800,000..............................o'
13
Mortgage on Huntington Branch............ .........
4
Funded coupon certificates............................... , ----Real Estate Certificates..................................... ; . ...
S . Hav.A North. 1st M..N. H.to ConwayJ.,Mas<S.e*
92
Consol, sink. fd. $15,000per year, not drawn.o’ 1 1 1
Northern Extension bonds.............................c*
27
Bonds (not mortgaged convertible into rtoek..c* ___
Holy Jc W.. leased, 1st & 2d M., ($200,000 gu-ic*
17
N. Y. Pror . i , Boston istM ., Prov. to Ston'gton.c*
50
1st mortgage ©toaington to New London)----«*'
12
General mortgage for $4,000,000, gold....... c*r
02
Shore Line 1st M., N. Haven toN , London, Ct___
49
Jf. T. < northern— le t mortgage, gold.................. o'
&
57
2d mortgage, gold (was income till Dec., 1891). .cl
57
A T.Ont.4 1 s t—Eon. 51., gold, m l at 105 in '99.c 320
*.
fe
Refunding mortgage for $20,000,000, g-1-1. c'.tr 820
$100 $32,933,000 See text, Q.—J. N ew Haven, Co.’sOfflee. Apr. 1, 1893
J. & D. N. Y.. Chem’al Nat, Bk. June 1, 1903
1.883 l.OOOAo 2,000,000
4
A. 4 O.
N ew York.
1883 TOO Ac. See text.
4
See text,
1830
1880
1883
1873
1881
1880
1832
1887
1883
1870
1888
1888
1888
1888
1869
1879
1881
1836
1870
1869
1881
1892
1880
1887
18.87
1889
1892
1,000
1,0 00
100
1,000
1,000
500 Ac.
Tooo
l.OOO&e;
500 Ac.
1,000
i',ooo
1,0 00
1.000 i
1.000
1,000
1,000
1 ,0 0 0
1,000
1,000
M ooa1,000 :
1.000
fo r £
1,0004 c
5
500.000
500.000 ; 5 & 6
150.000
5
2,000,000
6 *7
1,000,000
4
4
100.000
5
61,000 !
2.839.000
I 8’
150.000 i
7
225.000 1
575.000
5
71,900
6
480.000
6
225.000 I
6
1.300.000 '
7
6
1.200 000
700.000
5
700.000
5
260.000 : 4 * 6
1,000,000
7
300.000 I
4
1,000,000
200.000 I
1.200.000
3.200.000
5,000,000
6.500.000
1 *
|I;
U:
F. & A. N.Y., Lincoln Nat. Bank Aug. 1, 1905
July 1, 1920
J. 4 J. N ew H a v e n ,Conn.
A.
& 0.1 do
do
Apr. 1, 1925
A, & O. N. Y „ Chem’al N a t Bk. (Jet.. 1903
June 1, 1911
J.
* D.l do
do
A. & 0.| N ew Haven, Conn.
Apr. 1, 1910
Oct. 1, 1912
A,
Sc O. do
do
M. 4 N. X. Y., Farm. L, & Tr. Co. Nov. 1, 1937
J. & D, N ew Haven, C t„ Treat. June 1, 1913
F, & A.
New Haven, Conn.
Feb. 1, 1900
M.
< N. do
fc
do
May 1, 1918
F.
<k A. do
(lo
Feb, 1, 1900
Feb. 1, 1900
F.
* A. do
do
Feb. 1, 1900
F.
& A. do
do
J. & J. N.Hav.,N,Tradesm’sBk Jan., 1899
Apr. 3, 1909
A.
& O. do
do
Apr. 1, 1911
A.
& 0. do
do
July 1, 1896
J.
< J,i do
fc
do
Apr.'98AT911
A.
& O. do
do
J. & J, N. Y., Central Trust Co. Jan. 1, 1899
Apr. 1, 1901
A.
& O, do
do
A.
& 0.1 do
do
i Apr. 1, 1942
M. * 8. N. H.. Nat. N. II. Bank J March, 1910
A. & O.
New York City.
I Oct. 1, 1927
Dee. 1, 1927
J. * D.i
In default..
J. & D. N. Y. Otllee & London. June 1, 1939
M. & 8. N. Y. Otllee, 56 Beaver.! June 1, 1992
N e w Y o r k N o w H a v e n dr H a r t f o r d . - * Owns from Woodlawn,
Yr. nut. Ju nr 30.
1889.
1890.
1891.
1892.
5 . Y.. to Springfield, Mas*., 122 utile#; branch*;# to New Britain, Middle-1 Gross earnings..$10,094,487 $10,749,167 $11,323,617 $11,913,701
town. New
etc., 27 mill- . total owned, 149 milt'**: 1**.*— , and ! Net earning#...... $3,004,548
$3,394,715
$3,369,393
$3,610,690
for tin* mo**: part pnuitioaliy owns, line# running to Providence, R. 1., i Other income___
149,383
188,365
142,383
189,238
Winsted, Conn,, T u r n e r #. Fails, Mass., Wilitm.-ifitic, Conn , e t c ; also I
tease# Providence * W orcester; total tqieruTl'l July 1 , 1892, 644 miles.
$3,583,080
$3,518,776
Tot. net-income $3,146,931
$3,829,928
o f wb!Sh 22 mileft I’ll!id fcni;r traokf1t 1*1*0 on P ftft. 13,189*2, be«iui opera
r
$80,000
$80,000
$80,000
$80,00*)
1
rby, «
■te., 190 Interest paid. ...*
llistalonlci BnUWljr, Kew Ha ven A
tiOK 4tree!sly th»;5 lliO
984,069
982,888
4106,033
981,685
&
milen. I k A f i l l , 1893, pOft
il«n f U tl’ k?M'of the 01d Coioor, adding R en tals.............
552,868
816,923
184,254
605,963
@03 jn
:lilt# to tht
itUKi, land; u|ffjrtllnir dlrftftto o mw&stion with Beaton T a x e s ................
1,865,000
1,705,000
2,103,750
Dividends (lO f)., 1,550,000
umi ie•Mattm l» in iimX £
» .8ft# €d«t i ’« i
<
Y t>rk ifc K ew Balance surplus
H m s *:m
Watlon Jn 1872 at
i $
$37,097
$198,020
$126,644
$58,531
Bo# too
•f| 4 H M tfo r L T
Hftvoci mi4
ft, V. Pro
H
k
288, 542, 560. 721, 800,921: V. 55, )>. 331. 4 18, 463, 5 0 1 ,
4S 1
d itn *iE ftfe fJX llmn.^4t lot* 2 X W Haven —(V. 54
O
O
irn$ 1«
’ from
* t, t 802
------------ifoeJc,.
(jw
» V, t.Ht P* 7*J.'
107. TJift Prosdde UiM Co m laa v < ai a 679, $10,'H95,1011. 1035,1111; V. 56, p, 42, S3, 127, 164, 227, 247,
283. 289. 373, 404, 570, 793, 835.)
l in j
4(Unii Bt0m
ip Ut;ie.
if H
OVti1ftn<‘ft A 8 ( Otil 1 *
it*>Ukt Bad . the K ew Urnren & Derbv
In 0 ©tol>or, IBi>e, ? lie
tot■
£
N e t* Y o r k & N o r t h e r n . —Own* from 155th Street and 8th Ave
asd tls16 toti&bttr;r Sc.
wero k‘K«fta. for 99 J&»r*
a thelr HtiH'k nue, New York City iterrutmt# Manhattan Elevated), to Brewster*,
null
SO O g ott fitsirtniti lernwi- See N, t , M m ile-; double-track branch to Yonkers. 3 miles; operate* 4
tU lm
oxeba.:
tisft liftw to
% 55, P. 403, 50
%
In Fe tifsiiWf., 1803,. itrrs*KifOtl to IfillMi mi d
mil***; tola!, 61 mile*. Sold in foreclosure August 17, 1887, and
l-—wtilfi.lt. *>
V. 56.- I'- ?i2- reontuiilaid. in March, 1,803. control acquired by N. Y. Central, which
forb tli ft C i €mto o y m M
Atm
m ill t
*
IIn March, 1893, ado an agreement with Boston * .Maine'. V, 50, p. 8
took nossewdon Ap ril l. On Doc. 31,1892.equipment trust amounted
k
CUETVl. StlK.i .—Sleek authorized, $UX),000,000. ft may be tissued j to$148,3$8; loan* and bill* payable, $70,894; interest on funded debt
iiu, buying -to* k% and bends o f leased roads, Ac. j dub and accrued, $153,866.
! for itnpr*
On June i, l 92, $5,000,000 o f stock, making the total outstanding j
•28,375.000. * as issued to retire the stock o f tbs N. Y. Providence I Sto c k ,—Common. $3,000,000; preferred 5 per cent, non-onmulntive,
h Boston. In Octoiler, 1802, $789,000 more was ruth-rto-d to retire |$6,000.* 00: par $100. Interest on the second mortgage bond# became
the stuck of ( sr. nousat'inie, etc., read*, and In 1893 an additional a fi xed charge In December, 1891. On April 19, 1893, th eN , Y. Cen
$5,734,000 w exchangeable for stocks o f the other leased litis a, whoso j tral stoekbolder* voted to lease the road o f this company, or of a com
|cu:v organited in U* *(e»d, and to guarantee its $5,000,000 in new 4
bend* are in ta ile above, V. 55* p- 501, 810,
Authority to increase the capital stock to $ 1004)00,000 was granted : per Pent lOO yeer gold bond#, o f which $1,000,000 to reproseut cost of
by the Cbnne* Ucut Legislature in February, 1893. Of the increase: acquiring control and $1,000,000 to bo reserved for improvements.
#
about $22,000; ssi. it L said, wilt be needed to retire Old Colon v stock, I See V. 56, p. 501,668.
>A»d $15,000,0,,,, to take up the convertible debentures in 1903. (V, j L a t b #t Ea r sin o #.—From July 1, 1892, to Dee. 31, 1892 (6 months),
s President Clark'* statement » * to acquisi gross $327,126, against $275,274 in 1891; net $64,255, against$63,802,
56, p. 289, 373. 579
tions In Y. 56, p. 579,
A n n u a l R ki 'ORT.—Fiscal year end* June 30. Report for 1891-92 in
D if f t o s x t —From 1872 to April, 1893, inelnsive, 10 p, e. yearly,
V. 55, p. 803. showed gross earning# $521,216; net, $83,623; deficit
P a w * o r Brock—In 1889, 241*279: in 1890, 344% «27<I: in 1891. under Interest, rental* am! taxes, $07,974; paid constraottou account,
224tj *271; la IB M , 224*255; in 1893, to May 19. inel., 253«s»262%. $21,535. In 1890-91, $483,427; net, $90,417. (V.54, p. 243, 405, 721;
B, *> !,# « The convertible debentures o f 1893 for $ 15,00' i.OOO are ex - j V. 55, p, 147,374,704, 8 0 3 , 806; V.55, p. 996; V. 56,p. 165,207, 373.)
changeable » t option o f holder "o n A p ril 1,1903, or within 60 days
H e w Y o r k O n t a r io Sc W e s t e r n .—(See Map.)—Owns Oswego,
thereafter, and no lodger," for company'# slock at par. I f not thou
exchanged they will mature and be paid in cash April I, 100#. Thej N. Y „ to Cornwall, N. Y , 272 m ile*; branches to New Berlin, 22 m iles;
subscriptions for them were payable in instalment* o f 25 per cent cash i to Delhi, 17 miles; to E!U-nvUJe.8 miles; total owned, 319 m iles; leases
on April 1,1893, Oct. 1, 1893'. April 1, 1894 and Oct. 1, 1894, re-i Ratiilallavllle to Utica, 32 miles, and Clinton to Rome, 12 miles; (In per
sportively, The proceeds will !> belli a* trust fund and disbursed only I petuity t Ontario Carbondaln A Sertirtton Railway, Hancock, N. Y,, to
•■
for completion o f four truck# on N. Y. division, including Harlem River Scranton. Pa., 54 miles; Wharton Valley RR., 7 m.; trackage—West
branch, for completion of two track# between New Haven and New Shore RR., Cornwall to W «»aawken,53 mltee; total operated, 477 miles.
iondon, for terrain#)* at Providen ce Now Haven, New York, etc,, tor
OROANtZATtox,—The New York A Oswego Midland was sold in foresou!piiiCnt, elmlnatlng grade crossings, etc, See V. 55, p, 1035,
closure Nov. 14,1879. and this company organised. A ll securities o f
i:d«r tke lease# Uic Now Haven road" assumed " the debt* o f the Ont. Carb. A Scranton R y. arc owned and pledged under the mortgages.
Providence and Old Colony road#. Of the Providence Co,** $4,000,000 j
o f genera! mortgage bond* $1.300,000 can be issued only to retire prior I Sto c k .—Stock t» $58,119,982, (par, $100), o f which $6,000 Is old prof
bond* at maturity. (Be*s V, 64, p. 96 id
PaiCB o r STOCK.—In 1889, M % a 2 2 ’ g ; In 1890,1 3«22kt; in 1891,
i.«s # » i> L ink stock
Tb>- stock* of the leased line- uuexchanged I 14*23% ; In 1692, 17%*23«M to 1893 to May 10, inclusive, 1 4 ti*1 9 ti.
on April 14,1.893, and the dividend# payable thereon 1* shown below,
Hu m ;#.—For consolidated mortgage of 1889 see abstract V. 49, p. 238.
the share* being all $100 each excepting Danbury A Norwalk, wblah The re funding mortgage secures $20,000,000 o f 4 per cents, o f which
are $50 each. The ortlo o f eaeh 'imnvt e xe baniced H held in the K. $5,500,000 to retire $-1,000,000 sixes (paid Sept. 1, '92), $7,000,000 to
V. m f p. 579. The leaftfi# are for 99 year#. retire $5,600,000 consol. 5*, balance fo r improvements, &c. The mort.
Y. N. U. & II. trow ury.
Die id'd Divid'd eort r » all the company’s property, real and personal, acquired and to
VMS
per an. period. be acquired; mortgage trustee is The Mercantile Trust Co. Tile com
Total tm i*.
changed.
.
0 p. c.
pany lias agreed to redeem the 5 per cent bonds not later titan the
4 p. e. A. 4 0. year 1899 If practicable witliout increasing Its interest charge*. The
..3,000.000 $1,427,500
5 p. c. J. A J, $6,500,000 o f new four* issued entails an additional charge of only $20,.. 606,000
153.600
July.
038,300
1 p. c.
..2,891,100
Housatonic prof .
000 per annum, after making allowance for the saving in interest from
1,044,000 10 p, c, J, A J. refunding the first mortgage 6e. Sco V. 54, p, 444,683,721,954. There
Sangaturk_______
.2,000,000
,T. A J. ur. $75,000 Wharton Valley guar. 5s, due 1918.
3-4
07,300
... 447,000
3-4
A. A 0.
...2,460,1X10
62,500
None.
L atest E a r x in o s .—Jnly 1,1892, to Mar. 31,1893 (9 months), gross,
...5,600,000
**
$2,705,673, against $2,341,876 in 1891-92; n e t$642,165, against $553,age
J, A J. 055, surplus over charges, $173,128, against $107,813.
103,200
7H
Shore Line (3 )..................
0
Btockbridge & Fittsfleld.. ... 448,700
Q--3ANNUAL R e po rt .—F iscal year ends June 30. Annual meeting last
tl) After July 1, 1895, pay* 4 per cent. (2) A fte r April, 1896, pay* Wednesday in September, lu-port for 1891-92 In V, 55, p. 529, 543.
1892,
1890.
1801.
Tear ending June 30,
4 i » r cent. (3) Generally S h per cent in January, and 4 in July.
424
477
42-1
F u ia t is o D k b t . Etc —On Mar. 31,1893, outstanding loan* and bill* Mites operated (Inch trackage)
$2,800,702
$3,265,417
parable were $2,602,500, including Housatonic, etc,, floating debt. Ores# earnings...................... $2,200,446
2,155,372
2,461,136
1,708,0-12
There were also Hnnsatonlc Kail way rolling stock certificates due 1899, Operat'd expenses and taxes.
$200,000, and certificate* of IndeMedtieau, $150,000.
$654,330
$804,281
Balance, net earnings.... $432,404
X atest E a r s ivos,—For 9 months ending Mar, 31 earnings w e ro :
$729,330
$879,308
$432,404
Total net income...................
Jftne man. Orw*.
Bet.
Other Inc. Charges.
Bal.. ta r.
453,902
507,201
203,000
1892..... $13,274,7*51 $4,220,704 $168,703 $2,049,747 $2,348,720 Interest on mortgage bond*.,
5,032
Or. 11,550
4,212
1801 ...... 8,825,854
3,076,260
138,707
1,261,000
1,053,967 unwell. Interest and discount
169,956
176,585
78,750
A sscsr, R ki' o r t .—Fiscal year end* Juno 30, Annual meeting is Rentals p a id .........................
held thtrd Wednesday in October. Report for 1891-92 was in V. 55, p.
$100,440
$146,442
$207,010
418, 501, in 1891*02 $2,185,053 was spent fur betterment*. Earn* Balance, surplus...................
tags o f the N, Y. Providence A Boston (not Included) below were in V. —(V, 54, p. 289, 444, 597, 683. 721, 846, 954; V. 55, p. 22, 256, 374,
529, 543,544, 5 52 ,8 9 1; V. 5 0,p* 290, 502.)
55, p. 561, and report o f Housatonic Ry. Co, in V, 55, p. 1109:
100
IN V E S T O R S ’
SUPPLEM ENT.
N E W YOU
SUSQUEHANNA & WESTERN
R A IL R O A D
A N D
C O N N E C T IO N S .
Hat, 18M
.]
RAILROAD STOCKS A N D BONDS
l$ i
S a b t c r lb t r a w i l l r o o f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le * .
Bond*—Prtxxcfi
IN TE RE ST OR DIVIDENDS.
R AILR O AD S.
Miles Date Size, or
p at When Due.
Amount
Rate per When Where Payable, and by Stock. —Last
of
of
Par
For explanation of column headings, Ac., see notes
Payable
Wnom.
Road. Bonds Value. Outstanding Cent
on first page o f tables.
Dividend.
JTeu York Penn. ^ Ohio—Frlo rU eu iL .goId .* A k.o1st m a n .. gold. $ A £ ........................................c*
2d A 38 kL, tne.. void. 9 A £ (3d M. 930,000.000)c*
Equip, trust bond*. »lnk. fund 3 p. o.(dr’n at 100)
Deferred lnt. warrant*, oonv. Into 1st M. bond*..
New Castle A Sheuango Valley, 1st SI., lnt. guar
X .Y .PU la . <f Norfolk— 1st M.,$16.500p. m., gold.o’
Lnooroe M., oou-bumulatlve, 910,000 per m ile.. r
F. F.dRockausiy Beach—1st M.,g.,end*se<l by L. 1.0*
Income bonds, non-cumulative.......................... r
X. Y. Duaouehann < West.—Prof stock (See te x t)---e
Midland RR. of N. J, 1st mort., gold................ o'
Paterson Extension RR. 1st M.. real estate, g..c*
N. Y. Bus. A W. le t M., refdg. g. (2d M on 73 m .). o'
2d m ort ($1,000,000 gold) 3d i L on 73 milea.c'
General mortgage for 93.000,000, gold...........o*
Terminal 1st mort. for $2,000,000, gold.......c'A r
X. Y. Tata* a Mex.—1st. M-,g.,9 or £ gu.by Bo.Pae.o"
Norfolk d Carolina—1st M. for $1,300,000. gold ct o r folk d Southern—Capital .took ........................
1st mortgage. $10,000 per mile, gold................ c*
Norfolk d wextern— Prof, stock, 6 pr. ct.. non cam
N orfk A Fetereb’g —2d M. (now 1st) Nor.to Pet’ g.c
South Bide—CoasoL m ort. 1st pref . extended, c
CoaeoL M. 2d prof., gold, extended................. c
ConeeL 3d prer., Petersburg to I.jmch. A br's .c
Virginia A Tenn. enlarged M. (extend In. 1884)..c
4th U. Lynchb’g to Bristol and branch. 214 m.e
Norf.AWeet.Gen.M..Norfolk to BrUtoLeto. gold.c"
New R iver division 1st mortgage, gold.........c’
Imorovrinf-nt A Extension Mortgage. gold...e*
Adpiebueut Mort., gold (red. Oct.’04 at 110). c’
CUaek Valley Dtv. lat M „ gold. $19,000 p. m c’
427 1880 $500Ac. $9,000,000
427 1690 500 S Q 44,335,000
l .
427 1880 500 Sec. 44,500,000
$435,000
. . . . •88-’90 A 100
19,104.259
17 1887 $1,000
250,000
112 1883
1,000
1,849,000
112 1833
1,000
1,000,000
772,000
7 1887
1.000
1,000
1,000,000
1887
100
See text.
3,500,000
73 1880 500&O.
1,000
250,000
1 1891
134 1887
1,000
3,750,000
134 1837
1,000
636,000
134 1890
1.000
1.250.000
1893 l,OOOJco
(1)
500
1,457.500
91 1882
no 1889 1,000 1,320,000
2,000,000
104
100
1,000
625,000
104 1891
100 43,000.000
490,000
1,000
81 1869
133 1868
1.000
290,000
133 1868 100 Ac.
270,500
452,900
133 I860 100 Ac.
1.000
980,000
214 19*54
1,000,000
1,000
214 1900
7,283,000
428 1881
1.000
1,000
2,000,000
160 1882
1,000
5,000,000
588 1883
1,000
1.500,000
1884
588
1.000
2,500.000
105 1887
6
7
5
S
g.
gg*
g.
M. A 8. N. Y., Farm. L. A Tr. Oo.
London.
m. a j .
None p a id
M. A N.
IX)noon.
Various
J. A J. N. Y.,Fan n . L. A T t . Co.
J. A J. Phila.. Penn. RR. Office,
do
do
J. A J.
M. S 8. N. Y . , Corbin Bank’g Oo.
c
Jan.
1
Varioua N.Y.,Of. 15 Cortlandt st
A. A O. N. Y., N a t Park Bank.
J. A D. N.Y.Of.,15 Cortlandt 8t.
J. A J. N. Y., N a t Park Bank.
F. A A. N.Y.Of.,15 Cortlandt 8 t
F. A A*
do
do
5 g* M. A N.
4 g. A* A O. .V. Y..8P.<U’.Co.: London.
5 ft. A. A O. N. Y „ Central Trust Co.
Sec te x t Q.—J. N. Y., Atlantic TT. Co.
do
do
5 g. M. A N.
See te x t A. A O. rhlla., 333 Walnut 8 t
J. A J. N. Y .,Merc.Tr. Co. A P h il
8
do
do
5 A 6 J. A J.
fie
do
5 g .A 6 g . J. A J.
do
do
6
J. A J.
do
do
5
J. A J.
do
do
J. A J
8
do
do
6 g. M. A N
do
do
6 ft. A. A 0.
do
do
6 g. F. A A.
do
do
CL-M
7 g.
do
do
___L l . M. A a
6 g.
s g0
5 g.
5
8ee text.
6 g.
3 g.
5
4 tag.
Moh.
July
May.
1908
t , 1895
1, 1905
1910-15
A 1910
July 1, 1917
Jan. 1, 19-23
O ot 1. 1933
S ep t 1, 1927
Sept 1, 1927
Nov. 10, 1892
Apr. 1, 1910
June 1, 1910
Jan. 1. 1937
Feb. 1, 1937
Aug. 1, 1940
May 1, 1943
Apr. 1, 1912
Apr. L 1939
Apr. 10,1893
May 1, 1941
Bee te x t
July 1. 1893
July 1, 1900
July 1, 1900
Jan. ’96-1900
June 30,1900
Meh. 1, 1900
May 1, 1991
Apr. 1, 1932
Feb. 1, 1934
Dec. 1, 1924
June 1. 1957
N e w Y o r k P e n n s y l v a n i a 4c O h lo .- O w n * from Salamanca, N.Y..
to Dayton. O . 3SS miles; branches—to Oil City. 34 mil**, other
branches, 5 m iles; total owned. 427 miles. Leased lines—Cleveland A
Mahoning Valley RR.. 124 miles; Sharon Railway. 16 miles: New Castle
h Bhenaago Valley, 17 miles; Youngstown A Auatlntown Ry., 10 miles;
Westerman RR-. 2 miles; total leased. 169 miles; total operated. 996 m
A n n u a l R e po rt .— Report for 1892 waa in V. 56, p. 462, ahowtag:
Year ending Dec. 31
1889.
1890.
1891.
189*2.
Ohm # earning*............... $1,402,466 $1,592,083 $1,656,522 $1,713,909
Net earning*..................
$551,438 $670,946 $716,455 $730,504
Other income..................
33.527
30,401
30,061
52,762
O a o a *tzan oif.—Formerly Atlantic A Great Western Ry. Foreclosed
in ly 1,1871, and again Jan. 6,1880 ; reorganized, and again leased to
Kne for 99 year* from May 1, 1683. Five trustees have voting power o f
stock until third mortgage reoetves 7 p. c. In cash tor three yean.
STOCK.—Stooh U $44,999,350—par $50.
Leak*.—Rental la 32 p rrc en to f all gross earnings until these reach
$8,000.000, and this proportion decreases by 1-10 of 1 per cent for each
$100,000 of cross earnings above 96,000,000 until the gross earn logs
are 48,000.000 It earnings equal or exceed $8,000,000, the rental
•hall be 28 per cent. But If 32 per cent of the gross earnings should
ever be less than a specified minimum sum of $1,757,066 to be paid
yearly, then the defiolt Is to be made up wit h o t Interest out of the
excess in any subsequent year. See V. 49, p. 793.
Bogus.—The first mortgage bonds bear 7 per cent, whatever por
tion of this that may not be earned to be payable la deferred warrants,
to be capitalized In bonds o f the same class; payment of Interest to
■ M W absolute not later than July 1.1896, and until July 1.1895.
the right to foreclose the mortgage U suspended. On the second and
third mortgages there la no right to sue the ootnpany or to foreclose.
Ax x c a l R t n u r
ln year 1891-92 gross earnings $7,262,389. against
$7,151,265 In 1890 91. Rental received 92,238,813; other Income,
44,767; total Income. 92.281,562; taxes, etc., $143,370 ; rentals and
other charges. $868.006; Interest on prior Hen bon is, $480.000; addi
tions and betterments, $116,497; dividends on first mortgage bonds.
$693,785; deficit for year. *20.573; total surplus, Hepl. 30. 1892, $93,#77. (V. 53, p. 604; V. 54, p. 721.)
______
Total..................... $584,965 $701,347 $746,505 $783,256
Intercut on bond*........... $441,130 $445,459 $469,586 $501,463
26.491
26,446
26,446
26,725
Rental*...........................
MiaoeUaneouj'..................
12,955
25,776
14,993
2^06
Dividend*............................................................
100,000
200,000
Surpln*.....................
$104,398 $203,666 $135,480
$52,109
—< V. 54, p. 243, 365, 889; V. 55,p. 147; V. 56, p. 4 62 , 579, 711.)
n e w l o r h T n > « Sc H e x lfa n ^ - O w n * from Roeenberg to Vietolia. 91 mile*. Stock, $630,040, of which Southern Pacific Company
own* all but $22,010. There are al*o $00,500 aixeft onuUaiUn<. m
operated by the Houthern Pacific Go*, which guarantee* the 4 p o. bond*.
From January l 4° March 31, 1893 (3 month*). m e * earning* wore
$47,752, again-t. $46,112 In 1892; net. $7,374. a g a in * $5,706
la 4692 gro»*. $257,437; act. $88,014. la 1891 rro«*7$241,679; not,
$60,467; deficit under chanced, *2-5.O07Lagain*t $73,971 la 1890. Dae
Southern Pacific Co*, etc., Jau. 1, 1692, $562,949.
N o r f o lk Sc H o iu h r m . - O w M Berkely, V a . to fvdenton. Jf. C*. 74
tulle*; (ferry aero** Albemarle Sound to Mackey** Fomr, 9 rail**;)
thence road to Belle Haven, 30 miiee; total mail owned, 104 milee;
ferry, 9 ml Ira. Norfolk Southern wan aold In foreclosure April 29, 1891,
aiwl reorganized. Paid Unit dividend (1 per cent). In July, 1892; in Ootober, 1 per ren t; la 1893, Jan., 1; April 1 percent. From . in . 1 to
March 31, 1693 (3 month*), grot* earning* were 496,20-, against
$97,030 In 18921 net, $24,466. agalnut $31,085 Prenktent, Wataon B
Dtckerman. 74 Broadway, N. Y. (V. .54, p. 444, 889.)
N e w F o r k P h i l a d e l p h i a A N o r f o l k . —Operates from Deleter,
N o r f o lk Sc W e a t e r n .—/8re Map*./—Tbl* *y*tem, ahO1
wn to ad
Del., to Cape Charles, V a , 95 miles, and King's Creek. Md., to Olsfiekl; vantage on accompanying map*, OO&Btot* o f the follow ing
17 miles; total, 112 miles. Has tradio contract till Jan., 1895, with
Road leased.
Mile*
Road osrned.
Miles.
Pennsylvania H R . which company sets aside 10 per cent gross earning*
«0 purchase le t mortgage coupons. 8re V. 47, p. 807. There Is a si z Norfolk. Va*. to Coluxnbu*. O. .710 Lynchburg A Durham—
Radford, Va., to Bristol,Tenn. 106
Lynchburg to Durham, N. 0. 115
er e c u bottomry mortgage for 9223,000, due January 1. 1895. Block, Roanoke, V a , to Hagenttowu.238 Roanoke A southern—
1,714,375; par. $100. In 1692 gross earning* were $795,881; net.
Roanoke to Wlni»ton-xSalem..l2l
Graham to Norton...................100
156,447. against 9155.739 In 1891.
Nor. Car. Juno, to elate L in e.. 75
Total of all Jan. 1, 1893. .. 1,588
N e w F o r k | P r o v id e n c e A B o s t o n . —Bee N.Y.N.H. A HsarroKD. 8uwiry branches...... .............. 122
Doable track .........................
49
N e w Y o r k A K o c k a w a y B e a c h .—Owes from Ulsadale Junction
Of the above 33 milee were under construction.
to Roekaway Park, with branch, 12 mlies; trackage to L. I. City. Brook
O r g a n iz at io n , Etc .—T he Atlantic MbwUxlppl A Ohio w m a ooneoli*
lyn, Far Roekaw ay.eta. 18 miles; total operated. 30 miles, stock au
c
thorised and outstanding. 91.000.000; par, $100. Controlled uy lo n g dation o f Norfolk S Petersburg, Booth Bide and the Virginia Sc TenIsland Railroad Company, whose endorsement Is printed on first mort nawiee roads; foreclosed February 10, 1881. aud reorganized an now.
In June, 1890, purchased the Scioto Valley Sc New Rugland Railroad
gage bonds. In year ending June 30, 1892. gross earnings were 9238.314; net. 946.671; Interest. 938.600; rental*, etc.. 41,’’ -.!, balance, (formerly Scioto Valley). I he Ohio Extension o f 184 milee v m oom
■orpins, $6,487. * g » t 98.463 In 1890-91. (V. 53, p. 568; V. 55, p. 543.) pieird in September, 1892. affording a through lino to Colombo*, O.
TIjc Shenandoah Valley RR. was purchased at foreclosure sale Sept* 30,
N e w Y o r k N n s q n e h a n n a A W c e t e r a . —fgee Map./—Jersey City 181K>, and became the Maryland A Washington Division. In May, 1893,
to Gravel Flaoe, Penn., 101 miles; Tw o Bridge*, V. J., to Unlonvllle, took a 999-year lease of Lynchburg Sc Durham—which see.
II. Y., 21 miles; other branches, 12 miles; leases—Middletown Union
Ca p it a l to
Is
per
vole A Water Gap RR . Unlonvllle, N. Y „ to Middletown. N. Y „ 14 m.; cumuUtive,Sthec k .— Preferred stock by entitled to 8 being oent, non
amount authorized
stockholders
$50,000,-*
trackage la Jersey City. 3 miles; branches, 6 m.; total. 157 miles.
000. The amount outstanding ban been Increased from Ume to Umo
H trron.-C on solidation In Jane. 1881. o f the Midland of New Jersey for new aonstructlun, etc., $3,000,000 having been told in September*
and other railroads. In April. 1893. asrved to consolidate with the 1892. V. 55, p. 544. Common mock I* $9,5<M,000.
Hudson River RR. A Terminal Co., the latter having under
OlTIDKXM on preferred stock—In 1882, 4 per oent: in 1884^ 3% tn
construction s double track road, including a tunnel through the Fall- terlp;
1889, 3; In
*3 In 1891,3; In 1892, April, 1**;
;
•ades from Kdg water, N. J , on the Hud-on R iver, opposite 96th «t., Oct., 1In 1888, 1»*; In convertible 1890.debentures; in 1093, April, none
p. ct. in scrip,
into
N. Y. City, to Little Perry Junction on the N. Y. Hu*. A W. Its ter
P rick o r Sto c k .—
Common in 1883, 1 0 *1 8 ; in 1884. 1 0 *1 2 4 ; in
minals when " fu lly completed and equipped w ill Imi equal to any
188*5, 8 d 137 In 1S80.8<*27%; In 1887, 13923% In 1888. 1 5 4 9 2 3 %
*;
freight terminus In N. Y. harbor." Bee V. 56, p. 576, 711,
tn 1889. 1 4 4 9 2 2 4 ; in 1890, 1 3 *2 4 4 ; tn 1891, 13*18% ; in 1892,
8TOC4. -Common was $13.00»,000, par. 4100; preferred,cumulative,
W.OOOJXX) In April, 1693, It was voted to exchange the common 9 918; In 1893 to May 19, inclusive, 7d9%. 4 ; In 1884,17^42;
Price o preferred stock—In
49
•lock lor a Uke amount o f new common, and to authorize 813,000,1100 149344;f In 1880, 2 5 9 5 9 % In 1883, 32 *4 9 5 5 4 ; in 1888, 41 4 9 In81885, f_t
5 4 ; In
of new nonrum nlatl, e 6 per eent f referred, o f which 89,600,000 to 1889. 47 4 9 6 1 4 ; in 1890. 481887, 34 in 1891, 46 4 9574; In 1892*
966% ;
be u»«d In retiring old preferred, ($120 of new pref. and 8125 In cash 3 7 4 9 5 6 ; In 1893 to May 19, Inclusive, 279394for $100 o f old p refd l, and $ 1,000,000 to take up stock o f Hudson Ter
Bond *.—T he $490,000 second mortgage 8 per oont bonds o f the Nor*
minal A Ry.. leaving *2.400.000 In treasury. Bros V. 56. p. 579, 711.
fo lk 9 Petersburg will be extended until July 1, 1900, at 5 per cent.
Ditto ions*.-The preferred stock Is cumulative 6 per cent, anil the
Abstractor Clinch Valley mortgage (Fidelity Insurance Trust A Safe
first dividend (IN per centi was paid In October, 1891; In 1892, May, Deposit Company of Philadelphia, trustee) In V. 45, p. 541; the inane,
paid It* ; November, W . The accumulated dividends unpaid amount exclusive of $.500,000 for equipment, Is at $19,000 per mile.
ed tn 56 per cent In J oly, 1892, Bee V. 55. p. 147.
The lOO-yror mortgage of 1889 (trustee Mercantile Trust Go.) provide*
B o ro n —O f general mortgage 5s 91,000,000 were reserved to retire for the Issue of $20,000,000 bonds, plus additional amounts not exceed
lbs second mortgage, see mortgage abstract, V. 52. p. 84.
ing $25,000,000 to redeem by purouaee or exchange (provided no in
The terminal morts age for $2,000,000 (U. 8. Trust Co., trustee). pro crease In interest charges be thereby created) prior bon la on the 699
vides for completing the term Inals, etc., obtained from the Hudson miles built and under construction, which prior bonds m u»t not l»e In
R iver hR. A Terminal Co. Bee above anil V. 56, p. 793.
creased to exc$?e«i $22,825,000 In all. A il the loO-yoar bonds have
9 The New Jersey Mbland Junior securities were exchangeable Into same lien and privilege and are equally secured, though issued for d if
•lock o f this company on certain terms, and have mostly been so ferent purpose-. Abstract of this mortgage was tu V. 50, p. 208.
exchanged. There are also $9,000 old firsts o f 1911 and $83,500
The Scioto Valle)/ c .Vcw Rngta/ut mortgage (t$hstoe Central Trust
tf
debentures of 1897 outstanding, besides $73,000 Passaic A N. Y. RR. 6s, Company) has been limited Pi $3,000,000, tvvoh bond being stamped
fine 1910 tin t J A Dl; interest Is guaranteed under 999 year lease.
with a statement certifying that the N. Sc W. " has assumed and oov«v
I.XT1WT KsJtsmos.— From Jan. 1 to March 31, 1893 (3 months), gross natitod to pay the principal aud Interest of this bond.” See V. 50, p
452;
^
#354,01#1,against *34#,54* to 1*92; m*t, »I3 1 ,7 7 «, agaln»t $13D.*<*7.
{
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INVESTORS’
SUPPLEMENT.
[VO L. L V I .
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Bonds—Princi
IN TE R E S T OR DIVIDENDS.
R A IL ROADS.
Miles Date Size, or
pal,When Due.
Amount
of
When
of
Par
P ot explanation of column headings, Ac., see notes
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
Whom.
on first page o f tables.
Dividend.
J9orf, d W.—( OonJ—Conv. dobs., sub. to ooll at100o*
jfOO-year mortgage, $45,000,000, gold......... 0*
Brio to Valiev & New England, l8tM.,assum.,g.c*
N oil. & West.—1st M. Maryland < Wash Div.,g.o*
fc
Debentures for dividend (subject to c all).........
129
258
. ...
Equipment M., 10-20s, g-.dr’n fttlOO aft.May,’P8
. .. .
Geld ear trusts, guar, by RR. Equipment C0..0
Oar trust o f 1893, go ld !..................................c*
Roanoke & 8o.lstM .,g.,$15,000p.m., gu.p.&i.c*
Equip, trust, $210,000, guar. p.&l. by N. & W.o*
CoL Oon. A Term. RR. lstM .,gu.(SeeV . 56,p.675).
North Carolina—Stock, 6p. 0. till 1901, Rich. & D.
North Pacific Coast—1st MV, gold, sub. to oall atlOO.c
General M. for $1,500,000, gold........................0
1st mort. North Pacific CoafltExtenaionCk).,gold.c
No. Penn.—Stock, 8 p. o. guar. 990 yrs.,Phil. < Bead.
fc
2d mortgage................................................... -..e
General mortgage bonds................................ c&r
Bonds secured by $1,200,000 stock................... r
No. c So. o f III.—1st M.for $600,000 ($10,000p.m.)g.
C
Northeastern (S. € .)—Stock.....................................
1st mortgage, provided for by consol, mortgage, c
2d mortgage, provided for by consol, mortgage.c
OoneoL mortgage, (for $1,836,000) gold............c
Northern, (N . S . h - Stock, 5 p.c.rental till July,1897
Northern California—1st mortgage........................
Northern Central—Stook ($8,000,000 authorized) .
1st mortgage, 8t-ate of Maryland loan.................
3d mortgage.......................................................c*
OoneoL Jd.f gold, coup., int. J & J; reg., A < O.e&r
fe
OoneoL gen. M., g.,s.f.,drawn at 100, $ or £ A&B.c
....
122
....
223
76
91
5
86
56
86
. .. .
102
102
102
83
54
1884
500
1889 100 &c,
1889 $1,000
1891 500 Ac.
1892
500
1891
1,000
1888
Various
1892
1,000
1,000
1893
1892
1,000
1891
1,000
1892
. ...
100
1,000
1881
1892
1,000
1,000
1883
50
. ...
1866 500 Ac.
1873
. .. .
1881
1*000
1890
50
500
1869
1869
500
1,000
1883
100
1889
....
50
__
138
138 1865 500 &c.
1,000
138 1868
138 1874-5 1,000
Of the Maryland et Washington JHvision mortgage for $10,000,000
[coveringroaa from Hagerstown, Md., to Roanoke, va., 238 miles, with
branches 20 miles], $2,500,000 bonds were reserved to extend the line
to Washington, D. C., and $1,000,000 for other purposos. See abstract
V. 54, p. 204.
The collateral loan for $2,000,000 was obtained, by pledge o f 100
year mortgage bonds, for construction, etc* V. 54, p. 600.
The g o ld ca r trusts for $900,000 were issued in 1892, each being in
dorsed with a guaranty of principal and interest bv the Railroad
Equipment Company. Theso car trusts are not subject to call before
maturity, bnt fall due in forty quarterly instalments of about $23,000
eaeh, beginning Jan. 1,1893. The car trusts o f 1893 are also payable in
forty quarterly instalments.
Roanoke & Southern bonds for $2,041,000 were guaranteed in Febru
ary, 1892—see that company in Su p ple m e n t for January, 1893, also
V. 54. p. 601, 684. N. A W. owns $1,837,000 of the R. & 8. stock for
$2,396,400 and leases the road for 999 years. Bonds may be increased
to $4,041,000 for additional mileage.
F w a n c e b .— The mineral section traversed by the line is shown by a
special map on an adjoining page. The Ohio extension, 184 miles, was
completed in September, 1892. affording direct communication by the
company’s own line to Columbus, Ohio, and thence by connecting
roads to Chicago. In Jan., 1893, company reported $9,765,000 of the
lOO-vear fives to be held by the public and $5,938,000 to be in treasury
or pledged for loans; on the N. Y. Stock Exchange in May, 1893,
were listed only $7,265,000. On Jan. 1,1893, there were $788,927 bills
payable outstanding.
The October, 1892, dividend on the preferred stock was reduced to
1 per cent andpaid in scrip convertible iuto debenture bonds, and in
April, 1893, no dividend was paid, the net income applicable to d ivi
dends having been applied to construction. See V. 56, p. 538; also
earnings below.
President Kimball in September, 1892, stated that no further large
Issue o f bonds for capital purposes w*s contemplated and that “ the
capital expenditures after the close o f this year (1892) w ill be confined
to such moderate annual expenditures for equipment, additional side
tracks, double-tracking and terminal facilities as the annually in
creasing traffic w ill necessitate, from which ample returns may be ex
pected/* Bee Y. 55, p. 523.
L atest E arnino s .—Jan. 1 to Mar. 31,1893 (3 m onth),gross,$2,390,617, against $2,245,203 in 1892; net. $528,054, against $588,294.
A pw u al R e po rt .—Fiscal year ends Dec. 31.
Annual meeting is
held at Roanoke, Va., on first Wednesday in May. Report for 1892
was published in full in the Ch ro n icle , V. 56, p. 667, 673. (See also
P. 647.)
1889.
1890.
1891.
1892.
Average miles operated.
591
826
1,091
1,186
Paeeenger earnings.......
$940,305 $1,612,260 $1,819,593 $1,880,820
Freight earnings.......... 4,417,315 5,636,218 6,980,130 7,634,230
Mail, express, &c...........
239,505
313,438
388,319
437,831
Total gross earnings...... $5,597,125 $7,561,915 $9,188,042 $9,952,881
Oper. expen. (incl. taxes). 3,483,352 4,838,610 6,009,767 7,031,673
Met earnings................... $2,113,773 $2,723,305 $3,178,275 $2,921,208
P. e. of op. ex. to eam ’gs.
(62*00)
(64*00)
(65*41)
(70 65)
Income from invest., &o. $144,148 $233,919 $156,645 $144,606
Prom fihen. Valley fund t
.............................
135,000 1136,260
Total net income......... $2,257,921 $2,957,225 $3,469,920 $3,202,074
Interest on bonds, & o.... 1,451,265 1,814,008 2,266.130 2,4*i8,454
Dividend on pref. stock.. (3)660,000 (3)735,000(3)1,072,500 *1,030 IKK)
Miscellaneous................
41,609
88,607
...........
47 308
Balance, surplus........ $105,047 $319,610 $lcl,290df.$303,688
Dividend 2*3 per oent, o f which 1 per cent in scrip convertible iuto
bonds.
t Derived from a special fund of $270,000 created under
agreement with the Shenandoah Valley.
—(V. 54, p. 159, 203, 204, 288, 404, 405, 582, 596, 5 99, 845, 887.
fieg^V. 55, p. 100, 463, 544, 639; V. 56, p. 165, 538, 647, 667? 6 7 3 ,
$525,000
9,765,000
5,000.000
7,050,000
430.000
2,000,000
4,279,000
1,244,537
854.000
877,000
2,041,000
106,000
600,000
4,000,000
590,000
750,000
150,000
4,720,750
1,500,000
4,500,000
1,200,000
(?)
900,000
820,000
322,000
694.000
2,997,300
945,000
7,518,150
1,500,000
1,126,000
2,804,000
1,835,000
6
5
4
5
5
6
5
J 10&J 15 N.Y.,Mer.Tr.Co. & PhlL
do
do
g- J. & J.
g. M. & N.
do
do
J. & J.
do
do
g.
A. & 0.
do
do
g. J. & D.
5 g5 g.
5 g.
6
5
6 per an.
6 g5 g5 g.
8 per an.
7
7
6
5 g.
6 per an.
8
8
6 g.
6 per an.
5
See text.
6
6
6 g.
6 g.
do
do
Jan. 15,1884
Jan. 1, 1990
Nov. 1, 1989Jan. 1, 1941
G o t 1, 1912
Deo. 31, 1893
June 1, 1908
N ew York & Phila.
jJuly^StoOclQOa
Q --J- N. Y „ Fid. Ins. & Tr. Oo.
M. ife S.
do
do
Moil. 1, 1922
J. A D. Balt., Mer. Tr.&Dep.Co. ^21,000 Dec.l..
1922
M. & S.
Burlington, N. 0.
S ept 1, 1892
M. & N.
San Franoisoo.
Nov. 1, 1901
J. & J. S. Fr.Cal. Sfe. Dep.&Tr. Jan. 1, 1912
J. & J.
Overdue.
Q —F. Phila. O f., 240 So. 3d St. M ay 25, 1893M. & N.
do
do
May 1, 1896
J. & J.
do
do
Jari. 1, 1903
M. & 8.
do
do
S ep t 1. 1906
1940
j. & j .
Charleston, Office.
Jan. 3, 1893
M. & S.
do
do
Sept. 1, 1899
M. & 8.
do
do
Sept 1, 1899
J. < J. N. Y .f Cuyler, Morgan. Jan. 1, 1933
fc
Q .-J . Bost.,Conc’d or Leban’n A p ril 1, 1893
J. & D. N. Y.,8o. Pac.,23 Broad June 1, 1929
j . & j . Balt.&Phil. ,233 8.4thSt. Jan. 16, 1893
Q —J.
Annapolis.
Irredeemable.
A. & O. Baltim ore& Philadelp’a July 1, 1900
Various Baltimore, Treas. Office. July 1, 1900
J. & J. London and Baltimore. July 1, 1904
$22,054; interest, taxes, etc., $77,255;’ equipment, $44,133; permanent
improvements, etc., $29,024.
N o r t h P e n n s y l v a n i a . —Owns from Philadelphia, Pa., to Beth
lehem, Pa., 56 m iles; branches to Delaware River, &c„ 30 miles. Leased
for 990 years from M ay 1,1879, to Phila. & Reading at 8 p. o, on stock.
N o r t h & S o u th o f I l l i n o i s . —Owns from Springfield to Litch
field, m ., 43 miles, and from Litchfield to Mount Olive, 7 miles*.
The St. Louis & Chicago defaulted on January, 1889, coupon,
and foreclosure sale of main line was made October 4, 1889, ana of
the branch February 5,1890. Litigation having been pending the re
ceiver has not been discharged. In September, 1890, road was leased tothe Chicago Peoria & St. Louis at $40,000 per annum, lease to last dur
ing the receivership. See V. 51, p. 830. Stock—Common, $1,500,000;
preferred, $1,300,000, 5 per cent non-cum.; par, $100.
N o r t h e a s t e r n (S . C .^—
Owns from Charleston, 8. 0., to Florence*
8. C., 102 miles; leases jointly, Lane, S. C., to Sumter, 8. C.. 38 miles;
total operated, 140 miles. Of consolidated mortgage $1,142,000 was
held to retire debts o f prior lien. Stock, $900,000; par. $50. In
year ending June 30, 1892, gross earnings were $659,256 (against
$734,642 in 1890-91); net, $158,845; net inoluding other income, $194,289; interest paid, $133,000; dividends (6 percent), $54,000; balance,,
surplus, $7,289; total surplus June 30, 1892, $194,744. (V. 53, p.
9 2 1 ; V. 55, p. 461, 1034.)
N o r t h e r n (N e w H a m p s h ir e ). —Owns fruni Concord, N. H., to
West Lebanon, N. H., 70 miles; branch to Bristol, N. H., 13 m ; t o t a l
83 miles. Lease to Boston & Lowell for 99 years from Jan. 1, 1890, was
assigned to Boston & Maine, rental being 5 per oent on stock till July 1,
1897, and 6 per cent thereafter, payable in gold. In addition to the 5
per cent dividends provided for by the lease, an extra 1 per cent per
annum has been paid regularly from the contingent fund, which on
May 1,1891, amounted to $369,053. See Y. 53, p. 95.
N o r t h e r n C a l i f o r n i a . —Owns from Knight's Landing to Oroville*Cal., 54 miles; completed in December, 1890. Leased to southern P a
cific Company, which owns $1,277,500 o f the $1,280,000 stock. In
1891 gross earnings were $95,824; net, $8,333, against $20,362; deficit
under charges, $46,628.
N o r t h e r n C e n t r a l. —Owns from Baltimore, Md., to Sunbury, P a..
137 miles; branch—Hollins to Green Spring Junction ,9 miles; leases—
Shamokin Valley & Pottsville Railroad, 30 miles; Elmira & Williams
port Railroad, 76miles; operates at oost—Elmira & Lakes Ontario R ail
road, 100 miles; Summit Branoh Railroad, 20 mile; Pennsylvania
Railroad, 3 miles; total operated, 375 miles. Also uses New York
Lake Erie & Western tracks, 7 miles, and Philadelphia <v Erie tracks
between Sunbury and Lewisport, 40 m., and owns Union RR., 9 m iles.
Or g a n iz a t io n .—This was a consolidation of several roads in 1854,
Controlled by the Pennsylvania RR., which owns $3,488,950 stock.
Se c u r it ie s Ow n e d —On Jan. 1,1893, company owned the following!.
Baltimore & Potomac stock, $622,850; Elmira & Lake Ontario stock
(all), $1,500,000; Shamokin Valley tt Pottsvillo stook, $619,400; Union
RR. stock (all), $1,200,000, eto. The income from investments In 1893
was $296,659, of which $240,000 was from dividends on Union RR.
L ia b il it ie s —Mortgages and ground rents on January 1,1893, were
$319,830; “ other liabilities,” $969,674.
D iv id e n d s paid since 1882—From 1883 to 1886 inclusive, 8 ; in
1887, 8 and 10 stock; in 1888, 7; in 1889. 8: in 1890, 8 p. 0.; in 1891,
7 p. o.; in 1892, Jan., 4 p. c.; July, 3 p. c.; in 1893, Jan., 5 p. c.
L a t B'-t E ir n in g s .—Jan. 1 to Mar.31,1893 (3 months),gross,$1,664,010, against $1,670,036 in 1892; net, $425,610, against $462,166.
A n n u a l R e po rt .—Fiscal year ends Deo. 31. President's report for
1892, given at length in V. 56, p. 287, 335, showed the follo w in g:
Year end. Dec. 31—
1889.
1890.
1891.
1892.
Gross earnings........... $6,069,956 $6,608,797 $6,820,568 $7,191,290
Net earnings.............. 1,944,356 1,687,038 1,903,346 2,078,930
Other reoeipta............
307,628
522,951
377,181
333,886
Total net inoom e..., $2,447,728 $2,209,989$2,280,527 $2,412,816
464,870
475,572
440,461
442,140
N o r t h C a r o lin a .—Owns from Goldsboro to Charlotte, N. C., 223 Rentals, &o.................
Interest on debt.........
931,481
924,039
914,001
869,698
■0©6. Leased September 11,1871, to the Richmond & Danville for 30
jears at $260,000 per year. Dividends of 6 per oent are paid on the Dividends....................(8) 571,975 (7) 526,260 (7)526,263 (8) 601,444
Miscellaneous............
293,828
226,654
229,558
129,341
■Jock, or v. fcicn the State of North Carolina holds $3,000,000, and the
dividends tens received by the State are applied to her bonds issued to
Balance, surplus.... $185,573
$57,462
$170,244
$370,193
toe North Caiumia Railroad.
- (V. 50, p. 311, 519; V. 52, p. 4 6 2 ; V. 54, p. 32 7, 844; V . 56, p. 335
625.)
N o r t h H u d s o n C o u n t y .—See “ M iscellaneous Co m panies .”
N o r t h e r n o f N e w J e r s e y . —Owns from Bergen, N. J „ to Sparkill,.
**®c l Sc C o a8 t ( N a r r o w Gauge).—Owns San Francisco
N. J., 21 m iles; leases Sparkill to Nyaok, 5 m iles; total operated, 20
Oaaadero, 87 m iles; branches to San Rafael and Mill Valley 4 mil
miles. By contract o f April, 1869, it is operated by New York Lake
leases to San Quentm, 3 m iles; total operated, 94 miles, includi
Erie & Western at 35 per oent of its gross earnings and live fifty-sixths
» ” 7 , ^ 0 ^auoisco, < miles; also has ferry to San Quentin, 11 mil
S
of the balance. It is understood the contract is terminable by either
18 9 i’ sold to W. Graves and general mortgage issued for $1,50
arty on notice. The stock is $1,000,000; par, $100. In Jan., 1893,.
new steamers, etc. Stock an
ivldend of 2 per cent was paid. In 1891-92 rental reoeived was
»
*i-°?°,0 0 0 ; outstanding, $2,500,000; par, $100. Suit to fo
$129,835 ; net ovor expenses, $93,765; interest, rentals and taxes,
olosc the Extension Co.’s m ortgage for $150,000 was instituted in
$55,237; dividends (4 per cent), $40,000; balance, detioit. $1,472..
rnapy, 1893; allegations of fraud are made and it is claimed that 1
L>i' IOBND8.—From 1884 to Jan., 1893, inclusive 3 to 4 per cent yearly
bonds are invalid, in 1891 gross. $418,416; net, $118;360; other incoi
—(V. 53,p. 6 0 3 ; V. 55, p. 4 6 1 .) & Iffr I M _ j _ _
S
109
OU lAjX
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IN V E S TO R ’ SUPPLEMENT.
[VOL. LiVI,
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
Bonds—Prtnci.
RAILRO AD S.
IN TE RE ST OR DIVIDENDS.
Miles Date 8ize, or
Amount
Par
of
When Where Payable, and by Stock*—Last
Rate
For explanation o f column headings, &c., see notes of
Road. Bonds Value. Outstanding Cen
Payable
on first page o f tables.
Whom.
Dividend.
r
Northern Central—(Concl.J—
Consol, gen. mortgage gold, $, C & D.......
do
do
gold, E ................ ........... c
2d gen. mort., series “ A " & “ B” (A $2,621,000)..
Union RR.,let(ass’d)$117,000 end. byBalt.City.o*
2d mortgage (assumed) $ or £, gold—
North, o f New Jerseu—3d M.,now lst(for$700,000).c
138 1876-7 $1,000 $2,000,000
6 g. j . & j . Baltimore, Treas. Office. July 1, 1904
1,000
1,400,000
138 1885
do
^ g . A. & 0.
do
Apr. 1, 1925
1,000
3,621,000
5
138 1876
j . & j . Baltimore,Treas. Oflioe. Jan. 1, 1926
6
9 ’67-’70 500 Ac.
J. & J.
900,000
do
do
Jan. 1, 1895
1,000
9 1873
600,000
6 g* M. & N. N. Y., London & Balt. May 1, 1900
21 1887 100A-C.
625,000
6
J. & J. Jer. City, Hud’n Co. Bk. Apr. 1, 1917
100 49,000,000
100 36,288,750 See text
Preferred stock (8 per cent, not cumulative).......
N. Y „ Mills Building-. April 15,1892
fcc.
6
M. & N.
1st M. and Id. gr. Missouri Div., dr’n at par.o*<fcr 205 1879 100 <
do
do
May 1, 1919
6
M. & 8.
le t M. and Id. gr. P. d’Or. Div., drawn at par.cM-r 225 1879 100 &c.
do
do
Sept. 1, 1919
6 g- j . & j .
Gen.1st M. Id. gr., g., $25,000p. m.,dr. at 110c*&i 2,146 1881 l.OOO&c 43,585,000
do
Jam 1, 1921
do
6 g* A. & O.
Gen. 2d mort., gold.iaud grant, dr’n at 110.. .c\tr 2,146 1883 1,000Ac 19.328,000
do
do
Dee. 1, 1933
6 g. J. & D.
Gen. 3d mort., gold, Binking fund, not drawn.c*Ar 2,146 1887 l.OOO&o 11,461,000
do
do
Dee. 1, 1937
Consol mortgage for $160,000,000, gold ___c*Ar 3,476 1890 1,000Ac (See text.)
5 g. J. & D.
do
do
Dec. 1, 1989
1,000
1893
Coll.tr.notes ($15,000,000) g.,red. af May l ’96.Cctr
6 g. M. & N.
(!)
do
do
May 1, 1898
1888 500 <
fec.
Dividend certificates, ext’d in ’88, red. after 1892 . . . .
519,500
6
j. & j.
do
do
Jam 1, 1907
1888
....
....
3,000,000
7
do
do
Q .-J .
Trust equipment.....................................
Oet. I, 1898
1892
abt 8,000000
6
do
One year notes, secured by consols, etc... .............
do
A b ’t S ept, ’93
(1)
64 1886
1,000
963,000
6 g. J. & J.
do
James River Valley RR. 1st M., gold c* ,g § § c ,
do
Jan. 1, 1936
39 1886
500
360,000
6 g* M. & S.
do
Coeur d’Alene 1st M., g., not drawn...odo
Sept. 1, 1916
f-‘ l i <
/ £
>
1,000
49 1888
878,000
6 g* A. & O.
do
Gen. M „ $25,000 p .n i, g ..................e*
do
Oet. 1, 1938
1,000
'U J 6
1,766,000
do
Spokane & Palouse 1st M., gold.........e* risJ + < 110 1886
6 g. M. & N.
do
May 1, 1936
110 1886
1,000
1,650,000
Duluth & Manitoba 1st mort., gold....o* P P ©
6 g* J. & J.
do
do
July 1, 1936
1,000
96 1887
Dakota extension 1st mort., gold.......
1,451,000
do
6 g. J. & D.
do
June 1, 1937
1,000
Helena & Red Mountain 1st M., gold.c*
17 1887
do
400,000
6 g- M. & S.
do
Mch. 1, 1937
No. Pae, A Mon, 1st M., g., not dr’n..c*<tr
225 1888 l,0 0 0 *o
5,381,000
do
6 g* M. & S.
do
8ept. 1, 1938
Cent. Washington RR. 1st M., gold,.o*.fer s a g s
108 1888 l.OOO&c
do
1,750,000
6 g* M. & S.
do
Sept. 1, 1938
Nor. Pac. & Manitoba Term. 1st M., gold
1,000
1890
750,000
do
5 g. j . & j .
do
M ay 1, 1939
Seattle Lake S. & East. 1st M., gold, guar.........«*
227 1886
1,000
5,675,000
do
6 g* F. & A.
do
Aug, 1, 1931
Northern Pac. Ter. Co.—1st M., gold, red., at 110. ..c* . . . .
1883
1,000
3,600,000
6 e- J. & J. N. Y., Winslow, L. & Co. Jan, 1, 1933
N o r t h e r n P a c i f i c .—( See M ap.)—I. in k o p R oad —Main line—Asuland, Wle., to Portland and Wallula Junction, Ore., 2,137 miles; Duluth
to Northern Pacific Junction (is interest), 24 miles; Northern Pacific *
Manitoba (connecting with Canadian Pacific at Winnipeg and Brandon),
264 m iles; various other lines and branches, 875 miles. Total owned,
3,354 miles. Leases—St. Paul & Northern Pacific, Brainerd to St. Paul,
and branches, 182 m iles; trackage—Sr., Paul Minneapolis & Manitoba,
St. Paul to Minneapolis, 12 m iles; Minneapolis Union terminals, 3
m iles; other lines, 3 m iles; total, 18 miles. The Northern Pacific also
operates the following roads and guarantees a certain rental, sufficient
to pay interest and sinking funds;
Prom
To
Miles.
James R ife r V alley...............Jamestown, Dak...Oakes, D ak.......... 64
Duluth & Manitoba................Winnipeg Jc., Minn.Grand Porks,Dak. 109
“
“
“
Dak. Div..Grand Forks, D ak..Iu t’lB'ndary,Dak. 97
Spokane & Palouse................ Marshall Jc., Wash. Genesee, Idaho,&c. 149
H e le n a * R e d Mountain....... Helena,M ont..........Rimini, Mont....... 17
Northern Pac. & Montana..... Numerous lines...................................354
Central Washington.............. Cheney, W ash........ Grand Coulee...... 109
Also operates the lines o f the Wisconsin Central Company (which see),
making grand total July 1,1892. 5,262 miles. In addition owns a con
trolling interest in the Seattle Lake Shore & Eastern, 246 miles, con
necting with the Canadian Pacific.
H is t o r y , E tc .—This company was chartered by act of Congress July
2,1864. The road opened, 450 miles, to Bismarck, was foreclosed Aug.
12,1875, and reorganized September 29,1875. The Chicago * Northerr
Pacific, with its large terminals at Chicago, is subleased from the Wis
consin Central and interest on its bonds guaranteed. Ch. & Nor.
Pacific stock for $15,010,000 (a majority interest; is ownod by the
Northern Pacific. The Chicago & Calumet Terminal Railway has also
been acquired, all its stock and bonds being held in the interest of the
Chicago Terminal System. See Chicago & Northern Pacific.
Ca p it a l Sto ck .—The preferred stock has a preference for 8 per
oent in each year if earned, but is not cumulative. The common stock
then takes 8 per cent, and after that both share pro rata. The preferred
stook’s olaim on net income is subject to expenditures for new equip
ment. Preferred stock is received in payment for company’s lands east
of Missouri River at par, and the proceeds o f said lands sold go to its re
tirement. The preferred stock has thus been reduced from $51,000,000
to the present figure. The back surplus due the preferred stock by way
of dividends (i. e., for dividends earned but not distributed, unearned
dividends not being cumulative) amounted on June 30, 1892, to $2,844,429, invested in consolidated bonds o f the par value of
$3,347,000. In October, 1892, the preferred stockholders voted not to
sell these bonds, which are held by the Farmers’ Loan & Trust Com
pany, until they reach 90. See V. 54, p. 679.
1“ August, 1892, the preferred stock assets Included the follow in g:
$3,347,000 consols, equal at 70 to $2,342,900; land notes secured on
lands sold to actual settlers and worth par $817,258 ; land in Minnesota, about 1,200,OOO acres, and land in North Dakota, about 1,800,000 acres, in all about 3,000,000 acres, worth, at a low average, accord
ing to the Land Commissioner, $4 per acre, or $12,000,000.
In May, 1892, the company suspended quarterly cash dividends on
the preferred stook, passing the dividend due in July.
D m D E ra s on p referr e d .- In l883, l l t 10; from 1884 to 1889 inclusive,
nil; In 1890 and 1891, each 4; m 1892, Jan., 1; April, 1; since, none.
P rice of Stock .—Common in 1885,15®31U; in 1886 22©31Ss- in
1887, 20®345s; ln 1888,197
8®29%; in 1889. 2 5 @ 3 6 § ; in 1890 16%
©39%; ln l891, 20%®30%; in 1892,15®26%; to 1893 to M ay 19, im
elusive, 121
4'®181
2.
stock—In 1885, 36%®653s; in 1886, 53%@66%; in 1887
413s®63%; m 1888,42%@64; in 1889, 58%@787 in 1890 55®868;
sfve832® lo% ® 7838; ^ 1892’ 4A 7
s®®721 hi 1893 to May i o inclm
e;
000 belonged to company itself, a part o f these last being pledged as
collateral. See V. 55, p. 1111. Mar. 1, 1893, $44,064,000 were still
reported outstanding.
The collateral trust notes of 1893 [Farmers’ Loan & Trust Co., trustee]
are tor $15,000,000 (but only $12,000,000 to be issued at present), ana
w ill be secured by the follow in g: No Pac. consols, $10,000,000; Ch. &
No. Pae. 1st 5s, $3,000,000; Chic. & Calumet 1st 5s, $6,000,000; St.
Paul & No. Pae., $7,000,000; Chic. & ^or. Pac., $15,010,000; Nor. Pao.
Express, $343,000; total, $41,353,000. See V. 56, p. 836.
All the issues of leased line bonds given in the table, except the Cceur
d Alene 1st 6s of 1886, the Northern Pacific & Montana bonds and ther
Seattle Lake Shore & Eastern 6s may be drawn and redeemed at 105
icertain amounts per year). The sinking fund in most cases commencing
ten years after the date of iesue of the respective bonds, the Northern
Pac. guaranteeing payments sufficient to retire entire loan by maturity.
F l o at in g D e b t .— Floating debt on Oot. 2 0 ,1892, was $9,385,526, o f
which about $8,000,000 were one-year notes, secured by deposit o f
consols and other securities and maturing at various dates from Sep
tember to December. 1893. (V. 55, p. 723.) rt has been agreed to fund
the floating debt into collateral trust notes, similar to those issued by
the Union Pacific, the authorized issue to be $15,000,000, o f which
only $12,000,000 to be issued at once. See V. 56, p. 502,538, 668, 793.
L ands .—The land grant o f the company was 12,800 acres per mile ln
>
8tates and 25,600 acres per mile in territories, and the lands oaraed by
construction to June 30, 1892, were estimated to be aiiout 46,824,960
acres, of which about 38,521,656 remained unsold. The lands east of
Bismarck (Minn, and Dak. Divs.) are pledged to the preferred stock,
and that stock is received in payment tlierefbr.
For the fiscal year 1891-92 total land sales were 553,879 acres for$2,308,990. Total sales, including town lots, &c., were $2,666,065;
total cash receipts for year, $2,770,019. For 8 months, July 1, 1892, toFeb. 28,1893, total cash receipts, $1,001,493 from sales, notes paid, &o.
^otal deferred payments (notes) against land sales on Mar. 1,
1893, was $5,149,137, o f which $704,593 was applicable to the retire
ment o f preferred stook, $1,759,841 to Missouri Division and to Pend
d’Oreille Division bonds and $2,684,702 to the general 1st mort. bonds.
L atest E arning s .—The earnings o f the whole system, including the
Wisconsin Central, for 8 months ending Feb. 28 were as follows: [See
article on half-year ending Dec. 31,1892, In V. 56, p. 266.]
Gross earns.
Net.
Oth. income. Fix. charges. Surplus.
1892-3......$20,652,227 $8,353,857 $1,426,569 $9,456,8o0 $323,576
1891-2...... 20,900,617 8,576,868 1,233,048 8,816,190 993,723
A n n u a l R e po r t .— Flsoal year ends June 30. Annual meeting is
m id at New Y ork on the third Thursday In October. Report for 189192 was In V. 55, i> 658, 677,681. The Wisconsin Central does not figure
.
m the gross and net earnings below, but the net result from operating
its lines is added to get the year’s surplus.
Trs.ending June30. 1889.
1890.
1891.
1892
Mileage, June 3 0 ....
3,465
3,774
4,252
4 357
Passenger earnings.
$5,824,163 $6,167,702 $6,680,492 $6,296,285
Freight earnings...
12,877,838 15,600,320 17,531,222 17,383,771
Mail, express, & o ....
1,005,467
842,481
939,830
981,401
Gross earnings..$19,707,468 $22,610,503 $25,151,544 $24,661,457
Operating expenses.
12,185,944 13,463,746 15,400,996 14,577,348>
Net earnings........... $7,521,524 $9,146,757 $9,750,548 $10,084,108
Per ct. exp. to eara’s
61-83
59-54
61-23
59-11
Other income, & o...
$532,325 $1,341,172 $1,593,135 $1,664,204
Total net Inc.....
Interest on bonds...
Rentals....................
Guarantees.............
P a y’nts, other lines.
Dividends............ .
Sinking funds.........
Miseel.tgen. int.,&c.)
$8,053,849 $10,487,929 $11,343,683 $11,748,312
4,917,833
5,115,752
6,247,074 6,901,956
1,159,263
1,424,021 1,362,114
1,230,214
1,060,738
1,333,008 1,014,698
1,086,908
................................ 144,630387,365 394,953
...........(3) 1,112,732 (4)1,472,466 *(2)731,862
343,309
301,918
73,600
1,188,018
91,228
108,708
348,078
111,375
BoN? s.-T h e general 1si, 2d and 3d mortgages have a first, second
and third lien respectively on the company’ s main lino and on the
4
except as to the parts subject to the two divisional mortgages of
1879 and the lands east of the Missouri River, which are Subject to the preferred stock. The general 1st and 2d mortgage bonds are subject to
call at 110 and are drawn and paid off by a sinking fund amounting
Total payments. $7,572,371 $9,540,770 $10,905,395 $11,645,286
yearly to 1 per cent o f total bonds issued; but all coupon bonds must
$481,478
$947,159
$438,288
$103,026
. Pa
.ld„b0. £re registered bonds are called. The 3d mortgage (see ab- Balance, surplus....
f
etract, V. 47, o. 21) lias an accumulating sinking fund to begin in 1894
* Dividend No. 9, additional, paid Oct. 1,1891, $366,191, was charged
equal to 1 per cent of entire issue yearly for purchase of bonds at 105 against surplus o f June 30, 1891.
(V. 54, p. 76, 159, 266, 328, 405, 441, 821, 965; V. 55, p. 58,177,
drawn1 1 ° r fOT th° lr redemPtlon at maturity, but no bonds can be
1,1
297, I?5 5 ’ 421>504. 6 58, 6 77, 679, 6 81 ,7 2 3, 856, 1111; V. 56, p. 42,
The consolidated mortgage tor $ 1 6 0 ,0 0 0 ,0 0 0 was issued according to 266, 289, 332, 354, 362, 373, 463, 502, 538, 668, 753, 793, 836.) V
plan in Ch r o n icle , V. 4 9 , p. 373. It covers, subject to prior liens, the
N o r t h e r n P a c i f i c T e r m i n a l C o m p a n y ,—Owns terminal facili
main line and branches, a one-half undivided interest in 24 miles more
and all the land grant except that east of the Missouri River, which ties on the Willamette River, Oregon, at Portland, East Portland and
Albrna, comprising lands 270 acres, trackage 24 miles, buildings 39,
Is subject: to the preferred stock In addition to this the bonds at pre£
ent outstanding are a first lien on 1,3 30 miles o f branches which have ^0Co^10n^a^e 7,904 feet. They are leaeed for fifty years from January
no prior mortgage on them. These bonds are also issued in place of 1,1883, join tly and severally to the Northern Pacific Railroad, the Ore
prior bondson the main line and divisions retired by sinking funds (See gon Railway & Navigation Company and the Oregon & California Rail
lull abstract o f mort.—trustee. Farmers’ L ’n A Tr. Co.—in V . 50 d 2 7 9 i road, with a guaranteed rental sufficient to pay interest, sinking fund
As to the amount of consols outstanding the company’s Treasurer was and taxes. The sinking fund begins in 1893, and is to be sufficient to
quoted in December 1892 as stating that $ 5 9 ,9 2 9 ,0 0 0 o f the Z s had retire the bonds by maturity, bonds being drawn at 110 and interest
been executed. Of these $ 4 4 ,0 6 4 ,0 0 0 were outstanding and hearmg The stock o f $3,000,000 is owned by saia three companies (40 per cent
fe
interest; $ 3 ,3 4 7 ,0 0 0 were set aside for preferred stock and $12,518,^ by Oregon Railway < Navigation Company, 40 per cent by Northern
Pacific and 20 per cent by Oregon & California Railroad), and held by
RAILROAD
May, 1 S .J
88
STOCKS AND
BONDS
107
./ro i
N iag ara Fi
.Oxford
MICH.
Welland
GRAND
GRAND
^ U . Adrian,
TOLCDO
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:
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ariettas?1 ^ *a iy i»ri«Pont
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Hinton
M A P OF TH E
Hazard]
OHIO RIVER R. R
AND
C O N N E C T IO N S .
Goodwill
106
INVESTORS’
SUPPLEMENT,
IVoti. LiVI
N iib aH rlb era w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
Boyids—PrincA
IN TE RE ST OR DIVIDENDS.
RAn.ROADS.
pa l,When Due.
Miles Date Size, or
Amount
When
Par
of
of
For explanation of column lieodlngB, &c., see notes
Outstanding Rate per Payable Where Payable, and by Sloths—Last
Cent.
Dividend.
Whom.
Road. Bonds Value.
on tirst page o f tables.
Northern Railway (C a l.)—1st M., int. guar., gold..
Consol. M. ($21,000,000),gold, 1st M.on 197 m.c'&r
Norwich d Woreeslei— Pref. stock, 8 p. c. rental—
1st M „ principal and ln t guar, by N. Y. & N. E.c*
Oconee d Western—1st M., $9,000 p. m „ gold------OgdensIk Jt Lake, Champlain—Consol.M.(now le t M.)
Income bonds, not cumulative.............................
Guaranteed debenture bonds............................. r
Ogdensb TransitCo.lst M. (Cent.Vt.<fc Ogdeus.,gu.)
Saratoga & 8 t Law. 1st M., for $200,000, guar, .r
Ohio A Mississippi 1st consol, m ort..................0'
1st consolidated mort., sterling, s. f. not dr’ n .. .c*
2d oonsol. m ort (sink, fund), no drawing........c*
Spring. Div. <8p. & I1L 8. E.) 1st M. ($3,000,000) c*
1st general mortgage (for $16,000,000)............ c*
Equip. Tr.,3 series. 10 per ot. dm. yearly at 100 c*
On. & Bedford 1st mortgage, gold......................
Ohio Rivet— 1st mortgage, $12,000 per mile, gold.o*
Gen. M. (for $3,000,000), gold,1st on 39miles. .e*
Ravenswood Spencer & Glen.lstM., gold.guar.o*
Huntington & Big 8.1st M. ($400,000), gold, gu.c*
Ohio Southern—1st mort. ($15,000 p. m.) gold— e*
General mortgage, (for $2,800,000) gold .......... c*
Ohio Talley,Ky.—le t mortgage, g o ld .................. o*
General consolidated mortgage, gold, guar...... o*
Old Oolong—Stock................................................ o*
Bonds (not mortgage)..................................... c&r
Bonds
do
($2,000,000 F.&A.,Aug.’ 97)cAr
Bonds
do
...............................................r
Bonds for Framingham & Low ell bonds.............c
Bonds not m o rt ($750,000 '84, due July, 1904) .r
New Bedford RR. 1st mortgage......................... o
Boston Clin. F. <fcN. B. m o rt, in t guar, by rental.o
$5,156,000
4.751.000
2,640,300
400.000
1877
360.000
1893
3.500.000
1880 500 *fec.
999,750
fcc.
1880 100 <
350.000
1,000
1888
759,500
100.000
1889
"9
6.501.000
1,000
393 1868
112,000
£ 200
393 1868
3.213.000
1,000
393 1871
2.009.000
1,000
222 1874
4.006.000
1,000
1883
423.000
’ 87-’91 1,000
1,000
135.000
7Ja 1889
2,000,000
1,000
169 1886
2.598.000
1,000
208 1887
1,000
300.000
33 1890
300.000
1,000
12 1892
3.060.000
1,000
204 1881
1,000
2.520.000
1889
1,000
100.000
id s 1886
1,000
2,029,266
108 1888
100 13,767,600
1,000
1874
1.692.000
3.600.000
'75-6-7 1,000
1,000
1882
200,000
1,000
498.000
1884
4,200,600
’84-’ 88 1,000
1,000
400.000
"58 1874
1,000
1.912.000
125 1880
149
386
66
66
40
118
1877
1888
$1,000
1,000
100
1,000
6 S' j . & j . N. Y., So.Pac.Co.,23 Br*d
do
do
„
5 *' A. & O.
8 per an. J. & J. Boston, Second Nat. Bk.
M. & S. Boston. N. E. Trust Co.
6
M. & 8.
New York.
A. & O. N. Y.Mer.Ex.Bk. & Bost.
A. & 0.
6
4
J. & J.
St. Albans, Vt.
F. & A. Boston Security Co.
6
J. & D.
5
Ogdensburg, N. Y.
J. & J. N. Y., Union Trust Co.
7
London.
J. & J.
? * • A. & 0. N Y., Union Trust Co.
do
do
M. & N.
7
do
do
J. & D.
5
Various N.Y.BaringMagouh&Co
6
do
do
M. & N.
5 eJ. & D. N .Y , Central Tr. Co.
1 B- A. & O.
do
do
5 gdo
do
F. &
5 g- J. A A. New York or Phila.
J.
e gJ. & D. N. Y. ,Guar. & Indem.Co.
A g‘ M. & N. N. Y. Central Tr. Co.
i g- J. & J. N.Y., Central Trust Co.
5 sdo
do
_
5 g- J. & J.
Boston, Office,
7 per an. Q .-M .
do
M. & S.
7
do
Various
6
do
4*2 J. & D.
do
4*3 A. & O.
do
4
J. & J.
do
J. & J.
7
J. & J. Boston, N. E. Trust Co.
5
Jan. 1, 1907
O ct 1, 1938
Jan. 5, 1893
Mclu 1, 1897
Mch. 1, 1923
Apr. 1, 1920
Apr. 1, 1920
Apr. 1, 1920
Aug. 1, 1909
June 1, 1919
Jan. 1, 1898
Jan. 1, 1898
Apr. 1, 1911
Nov. 1, 1905
June 1, 1932
10 p. c. yearly.
Nov. 1, 1919
June 1, 1936
Apr. l , 1937
Aug. 1 1920
July 1, 1922
June 1, 1921
M ay l , 1921
July 1, 1926
July 1, 1938
Mch. 1, 1893
Mch. 1, 1894
W95-'96->97
Dec. 1, 1897
Apr. 1. 1904.
1904 & 1938
July 1, 1894
Jan. 1, 191ft-
Central Trust Company o f N ew York, to be delivered after payments to 1ury on Jan. 1,1893, were $102,000 o f the company's bonds, given
tbe singing fund, whioh is to cancel the bonds
|above as outstanding, and the $300,000 Hunt. & B ig Sandy 6s.
N o r t h e r n R a i l w a y C o. ( C a li f o r n i a ).—
This was a consolida
tion la May, 1888. Owns 390 miles of railroad, leased for 99 years from
July 1,1888, to the Southern Pacific Co. Lessee pays fixed charges
and betterments and 6 p. c. on stock, if earned, and retains Burplus.
The capital stock authorized is $21,000,000; issued $12,896,000, all but
8199,300 being owned by Southern Pacific Co. The consolidated 5s of
1888, issued under mortgage for $21,000,000, are a first lien on 197
miles, and have a sinking fund after 1897, but bonds cannot be called.
In 1891 gross earnings were $2,914,444; net, $1,375,171; against
$1,079,671 in 1890; surplus over chargee, $837,266; dividends, 6 p. c.
N o r w ic h & W o r c e s t e r .—Owns from Norwich, Conn., to Worces
ter, Mass., 59 m iles; branch, Norwich to A llyn ’e Point, 7 m iles; total,
66 miles. Also owns entire capital stock ($500,000) o f the Norwioh &
New York Transportation Company, operating boat line to N ew York
City. Leased to New York & N ew England Railroad for 99 years from
February 1 ,1869; rental is 8 per cent on preferred stock. Common
stock is $6,600. Notes payable Sept., 1892, $290,000.
O eon ce & W e s t e r n .—Owns road in operation from Hawkinsville to Dublin, 40 m iles; graded from Hawkinsville to Grovania, 13
miles. Bnooessor to Empire & Dublin, sold In foreclosure Sept. 6,
1892. Stock authorized, $477,000; outstanding, $360,000; par $100.
Mortgage is for $477,000. Trustee, Mercantile Trust Company.
O g d e n s b u r g Sc L a k e C h a m p la in .—Owns from Rouse’s Point,
N. Y., to Ogdensburg, N. Y., 118 miles, and leases branch, 9 miles. On
June 1,1886, leased in perpetuity to the Coutral Vermont RR. Co. for
inter est on bonds. Stock $3,077,000 (par, $100), of which $1,591,000
is owned by Central Vt. OnJan. 1,1893,loans and bills payable, $85,000.
L atest E arnings .—From July 1 to Deo. 31,1892 (6 mos.l, net, $151,363, against $164,219; surplus over charges, $20,103, against $33,338.
In year ending Juno 30, 1892, grosB earnings were $858,416; net,
$261,684; Interest, etc., $229,626; balance, surplus, $32,058. (V. 54,
p. 410, 888; V. 55, p. 147, 502, 935; V. 56, p. 375.)
O h io & M is s is s ip p i.—Owns from Cincinnati. O., to East St. Louis,
DL, 339 miles; North Vernon to Jeffersonville, Ind., 53 miles; Beardstown to Sliawncetown, 1IL, 228 miles; New Albany & Eastern, 7:c miles;
Cincinnati & Bedford, 7*2 miles; total, 636 miles.
STOCK.—Btook is $24,092,629, o f which $4,030,000 is preferred.
Consolidatio n P l a n .—In February, 1893, a plan for consolidation
with the Baltimore & Ohio southwestern (Baltimore & Ohio system)
vflB proposed. The plan (see Ch ro n icle V. 56, p. 504), provides that
the consolidated company shall have the following;
Common Btook, to be held by Baltimore & Ohio..................$10,000,000
Preferred stock, 7 per cent, noil-cumulative.....................
20,000,000
New 1st oonsol. 100-year gold, 4 l2s, guaranteed, p. & i ___ 36,000,000
Baltimore & Ohio Southwestern Terminal bonds...............
1,500,000
Series A 4 B 6 per cent 150-year non-emn. gold incomes.. 18,750,000
Of the new 1st consols to be guaranteed by the Baltimore & Ohio,
about $19,500,000 w ill be used In retiring Ohio & Mississippi bonds of
the several issues, $1,006,000 w ill go to Ohio & Mississippi preferred
stock, about $4,500,000 will remain in treasury for improvements on
Ohio & Mississippi, etc., and $11,000,000 will retire a liko amount of
B. & O. 8. W. firsts. Of the incomes $8,750,000 w ill be series “ A.”
The Ohio & Mississippi preferred stock is to receive 25 per cent o f its
face value in the new consols (on payment ot 5 per cent premium in
cash), 75 p. c. in “ A ” incomes and 40 p. c. in the new preferred stock.
The O. & M. common is to receive 23 per cent of its face value in “ B ”
5 per cent incomes and 77 per cent in new 7 per cent preferred stock.
Holders of Ohio & Mississippi first general fives have the option up to
April 15 to take 102 > and interest for their bonds in lieu of exchanging
2
them for the new 413 per cent first consols. (V. 56, p. 580, 669.)
A n n u a l R e po rt .—Fiscal year ends Jane 30. Report for
V. 55, p. 1033. Loans and bills payable July 1 , 1892. were
Tear end. June30.
1889.
1890.
1891.
Gross earnings........ $3,955,165 $4,214,747 $4,108,974
N et earnings............ $1,019,804 $1,302,274 $1,172,412
Oharges.................. 1,193,048
1,219,845
1,210,054
1891-92 in
$300,000.
1892.
$4,228,403
$1,019,729
1,237,519
O h io R i v e r . —(See Map)—R o ad .—Owns from Benwood, opposite
wheeling, Mest Va., to Huntington. West Va., 211 m iles; trackage into
Wheeling, 3 m iles; leases Huntington & B ig Sandy Railroad (opened
early In 1893), Huntington to Kenova, West V a.,on the Norfolk &
Western's new line, 12 m iles; operates Ravenswood Speueer & Glonv ille Railway, Ravenswood to Spencer, 33 miles; total, 259 miles.
The Ravenswood Spenoer&Glenville is building a line in the interest of
thisoompany from Ravenswood, W. Va.. to a connection with the West
Virginia * Pittsburg Railway, and its 1st mortgage bonds for $400,000
are guaranteed principal and interest. Huntington & B ig Sandy mort
gage is guaranteed. Ohio R iver stock authorized is $6,000,000—out
standing $5,915,430 (par, $100) ; oar trusts, principal and interest,
Jan. 1,1893, $66,762; bilie payable Mar. 1,1893, $165,000. In treas-
L atest E arning s .—From Jan. 1 to Mar. 31, 1893 (3 months), gross
$175,606, against $140,887 in 1892 ; net, 59,401, against $50,062.
In 1892 gross earnings, $795,136; net, $342,345; interest on bonds,
$228,706; taxes, $25,942; rentals, etc., $15,070; balance, surplus.
$72,627. In 1891 gross, $706,966; net, $294,715. Geo. W. Thompson^
President, Parkersburg, W. Va. (V. 54, p. 1046; V. 56, p. 538.)
O h io S o u t h e r n .—('Sec M ap)—Owns Springfield. O., to Wellston,
118 miles, and Branches, 22 miles. Extension from Springfield to Lim a,
62 miles is to be completed early in July, 1893; total, 204 miles.
Bto c k , E tc .—Stock authorized, $5,500,000; outstanding, $3,810,000;
par $100. General mortgage o f 1889 is to the Central Trust Company,,
as trustee. In 1893 $960,000 first 6s were issued for Lima extension.
On February 13,1H93, there were outstanding $125,000 loans and bills
payable and $305,000 car trust 6s, due in one to five years.
E ar n in g s .—From Jan. 1 to Apr. 30,1893 (4 months), gross, $251,794
against $218,952 in 1892. Report for 1892 in Ch ro n icle , V. 56, p. 462,
showing gross earnings $711,541; net, $362,049; interest on bonds.
$226,800; surplus, $135,349. In 1891 gross, $590,241; net, $287,007.
- ( V . 54, p. 643, 682; V. 55, p. 10, 58, 765, 1036; V. 56, p. 206, 331.
4 6 2 , 700.)
O h io V a lle y .—Completed from Evansville, Ky., via Princeton on the
Chesapeake Ohio & Southwestern, to Hopkinsville, 130 miles; branches,
9 miles; leases Princeton to Gracey, 21 miles; total, 160 utles.
O r g a n iz a t io n , E tc .—Stock is $2,163,000 (par, $100), of whioh in
1891 $1,297,500 was purchased by the Chesapeake Ohio & Southwest
ern, which guarantees the bonds by endorsement. See guaranty in V.
52, p. 974. Extension to Hopkinsville completed in August, 1892.
Due 0. O. & 8. W. July 1,1892, $254,103.
E a r n in g s .— In year 1890-91 were $270,404; net, $91,217 (against
$65,455 in 1889-90); fixed charges, $75,155; other inoome, $5,614; bal
ance, surplus, $21,676. (V. 53, p. 602, 641; V. 54, p. 800.)
O ld C o lo n y (M a s s .)—Owns from Boston to Provinoetown, Mass...
120 miles; lines to Kingston, Plymouth, Somerset Junction, New Bed
ford, Low ell and Fitchburg, Mass., and to Newport, R. I., 249 miles, and
numerous branches 126 miles in all; total owned, 495 m iles; leases—Bos
ton & Providence Railroad, Boston to Providence,44 miles, and branches
20 miles; other lines, 44 miles; total owned and leased, September,
1892,603 miles. Middleborougb & Plymouth RR., 16 miles, was leased in
1892, and interest on its $225,000 bonds guaranteed. See V. 55, p. 420.
Co n s o lid a tio n .—I n February, 1893, arranged to consolidate with
the N ew York New Haven & Hartford, possession being given In A p r il.
1893. Nine shares o f New Haven stock w ill be exohangable at some
time prior to Jan. 1, 1900, for a period of six months, for ten shares of
Old Colony. The lease provides for a dividend of $2 33 :;t June 30.
1893, and thereafter for dividends o f 7 per o t per annum on stock not ex
changed. But if exchange cannot be legally made prior to July 1,
1893, dividends equal to nine-tenths the dividend paid on leasee's
stock shall bo paid until six months after theright of exchange has been
given. A fte r which 7 per cent only w ill be paid. Bee V. 56, p. 247,374 „
Sto ck .—An increase o f stock from $12,000,000 to $15,000,000 was
authorized in November, 1889, and on Sept. 27,1892, a further issu»
was authorized in order to raise the grade o f Boston & Providence
track for four miles, as ordered by the Legislature, and to subscribe to
additional stock o f the Old Colony Steamboat Company, in which it
holdsalive-sixthsinterest. In August. 1892, $200,000 stock was issued^
in January and March, 1893, $400,000 more was sold at auction. In
March. 1893, $600,000 of 4s o f 1038 were sold. Bills payable Oct. 1,
1892, $1,200,561; five per cent notes, $200,000.
B onds .—The report for 1891-92 points out that there w ill be a saving
o f $150,000 yearly in interest charges if the bonis of the system matur
ing prior to March 2,1897, are refunded, when due, at 4 per cen t
D iv id e n d s since 1881—In 1882, e ^ ; 1883 to July, 1891, both in
clusive, at the rate of 7 per cent y e a rly ; in December, 1891 (dividends
changed to quarterly), 29,0 per cent: in 1892. March. 1%; June, 13s.
September, 1%; December, 1%; in 1893, March, 1% per cent
L atest E ar n in g s .—For nine months ending Mar. 31 earnings were:
9 months— Gr. earn'08.
Net.
ath. income. Charges, Bcu., sure1892-93.. $6,970,365 $1,788,325 $612,139 $1,359,476 $1,040,988
1891 9 2 .. 6,443,487 1,555,341
485,344
1,303,726
731,959
A n n u a l R e po r t .—R eport for 1891-92 was in V. 55, p. 420.
Year ending June 30.
1890
1891.
1892.
Gross earnings..................$8,020,295
$8,376,452
$8,744,812!
N et earnings..................... $2,059,855
$1,906,177
$2,050,426
Other receipts.................
135,723
239,054
159,807
Total income................ $2,195,578
Rentals paid..................... $584,605
In terest............................
658,675
Dividends........................(7)844,683
$2,145,231
$563,373
696,213
(7) 872,690
$2,210,233
$582,908
716,949
(6%) 827,611
Balance, surplus.......
$107,616
$12,955
$82,765
—(V. 54, p. 762,800; V. 55, p. 374, 4 20, 800; V. 56, p. 247, 289,374,793->
S
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MAP OF THE
£
OHIO SOUTHERN
Scwuburgli
RAILROAD & CONNECTIONS
tlUlllUwbnrjt
ilO
INVESTORS’
SUPPLEMENT.
fVoL. LVI,
S u b s c rib e r* w i l l c o n fe r a g r e a t fa v o r ,by g i v i n g Im m e d ia t e n o tic e o f a n y e r r o r d is c o v e r e d I n these T a b le s .
Bonds—Princi
IN T E R E S T OR DIVIDENDS.
RAILRO AD S.
Miles Date Size, or
pal,^When Due,
Amount
When
Par
of
of
F o r explanation o f column headings, &c., see notes
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
Whom.
Rapd. Bonds Value.
Dividend.
on first page o f tables.
145 1887 $1,000
Omaha < 81. Louis— 1st mortgage, gold............... c*
e
1,000
145 1890
2d mortgage ($4,000 per mile) gold................. o*
1891
Funded Interest certificates, redeemable at 100..
1,000
Orange Belt—1st M.,$5,OOOp.m., gold,sub.tocall.e*Ar 153 1887
1,000
Oregon d Cal.—lstM.,g. ($30,000 p.m jdr’n at 100.c* 567 1887
Oregon Improvement—See M iscellaneou s Co m pan IES.
Oregon Pacific—Receiver’s cert’s (on July 1, 1892).
1,600
1st mort., land grants, f., g.,$25,000p. m — c*<fcr i s 6 1880
___
100
Oreaon Railway & Navigation—Stock......................
1,000
1st mort. bonds, gold, sink. fd. (drawn at 100). . c 612 1879
1,000
1885
....
Consol, mortgage, gold, $25,000 per m ile....... o&r
1,000
. .. .
1889
Collateral trust, gold, redeem able at 105.........c*
100
Oregon Short L . d U .N o r.—Stock, $27,000,000auth.
1,000
Ore. Short L. 1st M., gold (int. in “ lawful money” ). 610 1882
___
1871
. ...
Utali Southern 1st mortgage, currency...............
1,000
Utah So. mort., 8. Lake to Juab (for $1,950,000) .0 105 1879
1,000
Utah South. Extension., 1st M., Juab to Frisco.c 138 1879
1,000
Utah & Northern 1st mort., $ 12,000 per mile. .0* 462 1878
1,000
Consol. M.,guar., $15,000 p. m.,s. f.not dr’n.g.c* 466 1886
1,000
1887
Equipment Donda ($36,000 payable yearly)......
1,000
19 1887
Idaho Central 1st mort. Nampa to Boise City ..o*
1,000
Consol. M. (1st on 201 miles) gold, red. at 105. .c* 1,425 1889
Collateral trust, gold (redeemable at 105) guar.c*
1889 500 &o.
Oswcpo d Rome—Se e R ome W a te r t o w n & Ogden SBURG
r
35
Oswego & Syracuse—Stock, 9 p. c. guar., D. L. & W.
. ...
50
1,000
Consolidated mortgage (guar. D. L. & W .)...........
35 1876
Construction M., guar.priu. & int. (for $1,000,000)
1,000
35 1883
1893
Owensb. Falls of Rough & G.Riv.—M., $20,000 p.m.g
1,060
Owensboi'o d Nashville—1st mortgage, gold......... cr
r
88 1881
Oxford a Clarksville—S ee R ichmond & D a n v il l e .
Paducah Term.dr Ala.—IstM ., $20,000 p. m., goldc* 118 >90 ’92 1,000
1,000
Tennessee Midland 1st M., gold, interest guar.. c* 135 1892
1,000
135 1892
2d mortgage, gold, interest guaranteed............e*
O m a h a & St. L o u is .—Owns road from Council Bluffs la., to P a t
tonsburg, Mo., 144 miles. Formed in 1887 as successor to the Omaha
Division of the St. Louis Kansas City & Norther* (Wabash), sold in
foreclosure. Extension o f 30 miles to Trenton, Mo., projected.
Stock .—Preferred 6 per cent lion-cumulative, $2,220,500; common
$2,313,000 deposited in trust till June 1,1893; par, both, $100.
B onds .—Five coupons, from Jan. 1 , 1891, to Jan. 1,1893, both inclu
sive, were funded into 5 per cent bonds, due 1937, but redeemable, at
option of company, the new bonds being secured by the coupons de
posited in trust. (See V. 52, p. 81, 391.) See abstract o f first mortgage,
V. 45, p. 213. Bilis payable July 1, 1892, $50,212.
E arnings .—From Jan. 1 to Feb. 28,1893 (2 months), gross, $103,450,
against $103,1 1. For year ending June 30, 1892, gross, $575,310;
net, $59,220. In 1890-91, gross $525,487; net, $47,795. In 1889-90
gross, $654,828.—(V. 51, p. 7 8 6 ; V. 52, p. 81,391, V. 53, p. 9 2 1 .)
O r a n g e B e lt .—From Sanford, Fla., to St. Petersburg, 153 miles, 3foot gauge. Road was sold in foreclosure in March, 1893. Foreclosure
roceedings were friendly, and no receiver was appointed. E. T. Stotesury, Philadelphia, President.
O re g o n «fc C a lifo r n ia .—From Portland, Ore., to California State
line, 365 miles; Albany Junction to Lebanon, 12 miles; Portland to
Corvallis, 97 miles; Woodburn to Natron, 93 miles. Total, 567 miles.
H is t o r y , L ease , E tc .—Reorganized in 1887. See V. 44, p. 118, 370.
Road is leased to the Southern Pacific Company for 40 years from Janu
ary 1,1887, the lessee guaranteeing interest on the bonds, and the lessor
receiving any net profit and being charged with any deficit after pay
ment of charges and betterments. The Pacific Improvement Company
owns the bulk of its $19,000,000 stock, $12,000,000 o f which is 7 per
cent preferred; par is $100.
B onds .—Land grant was about 4,000,000 acres, part o f which is cov
ered by the mortgage, proceeds of land sales going to redeem bonds drawn
at par, unless purchasable lower. Trustee of mortgage, Union Trust
Company, New York. The Southern Pacific Company’s guaranty of
principal and interest is printed on each of the 5 per cents. In 1892 net
Iandsales subject to mortgage were 42,224 acres for $242,809; cash
receipts, $53,478.
E a r n in g s —In 1891 gross earnings were $2,134,349 ; net, $380,089
(against $496,830 in 1890); total net income, including interest re
ceived, $444,311; fixed charges, $933,460; deficit for year. $489,147,
against deficit o f $259,430 in 1890. -V . 53, p. 793 ; V. 56, p. 165.
O re g o n P a c ific .—Projected from Yaquina, on Yaquina Bay, Ore.,
to eastern boimdary o f the State, about 600 miles, o f which 128 miles, to
Halsted, are in operation, and 14 miles have track laid but not in regu
lar operation. Company had a land grant of over 950.000 acres of land,
of which 850,000 are said to be subject to a lien of $600,000.
H is t o r y .—T his railroad was to be sold in foreclosure March 7, 1893,
but sale postponed till June 28, 1893. Everest W. Hadley, of Cor
vallis, was made reoeiv. r in February, 1893, in place of Mr. T. H.
Hogg, appointed Oct. 20,1890. See V. 56, p. 414, 464. Reorganization
plan (V. 54, p. 78) offered in January, 1892, failed.
Sto c k , E tc .—Stock is $30,000 per mile. Net current liabilities July
1,1892, were $865,833, o f which receiver’s certificates were $712,463.
E arning s . - I u year ending June 30,1892, gross earnings were $117,339; deficit under operating expenses, $80,465. Office, 45 William
Btreet, New York. (V. 54, p. 78, 159, 367, 447, 845; V. 55, p. 298, 421,
806, 938, 1036 ; V. 56, p. 374, 414; V. 56, p. 464.)
'*
’
9
O re g o n R a i l w a y & N a v i g a t i o n . —{dee Map Union P a cific.)—
R o ad .—E ast Portland, ore., to Huntington, Ore., 403 miles; branches
656 miles; total opented Jan. 1,1893,1,059 miles, of which 13 miles
narrow gauge. Ocean line San Francisco to Portland, 670 miles.
Or g a n iz a t io n .—L eased for 99 years from Jan. 1,1887, to the Oregon
Short Line
Utah Northern RR.; rental 6 per cent per an. on stock and
interest on bonds. This lease (see abstract V. 45, p. 539) is guaranteed
by the Union Pacific, and the property is operated in the Union Pacific
system. In 1889 the Oregon Short Line Co. purchased a majority of
the stock, and on Jan. 1,1893, owned thereof $14,508,200, $13,000,000
being pledged to secure its collateral trust bonds.
* I ?IrX?PEN? 8 since 1876—In 1879, 2 per cent; in 1880, 8 and 10 scrip;
in 1881 and 1882, 8; in 1883. 10; in 1884, 6^2; in 1885, 4 V , in 1886
7 ; in 1887 and 1888, 6 ; in 1889, 7 (1 per cent being extra out of assets);
from Jan., 1890, to April, 1893, 6 p. o. per annum (1^2 p. o. quarterly).
B onds .—First mortgage lias a sinking fund of $60,000 per year, plus
interest on bonds canceled ($116,610 in all im year 1892)7 to
buy bonds at or below 110, or else draw them at par on January 1,
bonds so paid being canceled. The Farmers’ Loan & Trust Co. is trustee
o f the 1st and the consolidated mortgage.
The collateral trust issued iu 1890 (trustee American Loan & Trust
Company of Boston) provides for the issue of $25,000,000 bonds. The
entire issue (but not less) may be redeemed on seven months’ notice at
105 and interest. See abstract o f mortgage and of the mortgages se
curing the bonds pledged in V. 51, p. 243.
^ ARI\I?fGS* a^
i
March 31 in 1893 (3 mos.), gross earnings of
railroads were $869,464, against $883,393 in 1892; net, $133,564
against $/6,407. In 1892 gross, $4,831,793 ; net, $1,511,073; other
income, $17,031; taxes. $206,774 ; total net income, $1,321,929. Paid
interest, $1,076,461; dividends, $1,440,600; sinking fund, $116,610;
$2,717,000
51,000
271,700
700,000
17,045,000
J
5
5
6
5
g. J. &
g. J. &
j. &
g. j . &
g. j . &
J. Int. funded till Jan.,’93
I).
N ew York.
j.
do
j.
j . N. Y., South. Fadflo Co.
712,463
15,000,000 „
6 «• A. & O. Apr., '90, coup, last pd.
24,000,000 6 per an. Q .-J . Boston,Office, Ames.Bld
4,988,000
J. & J.
£ g* J. & D. N.Y.,Un.Tr.Co.& Bost’n
12,583,000
do
do
5 g.
5,182,000
do
do
5 g- M. & S.
26,244,853
F. & A. N. Y ., Un.Tr'.Co.& Bost’n
14,931,000
6
424,000
7
J. & J.
None paid.
1,526,000
7
j . & j . N. Y., Un.Tr.Co.& Bost’n
1,950,000
7
j. & j.
do
do
4,995,000
J. & J.
7
do
do
j. & j.
do
do
1,836,000
5 g.
142,000
A. & 0.
5
do
do
134,000
6
J. & J.
do
do
11,234,000
do
do
5 g- A. & 0.
13,000,000
M. & S.
do
do
5 g.
1,320,400 9 per an.
438,000
7
668,000
5
5 g.
m
2,000,000
6 g.
2,432,000
1,491,000
1.220,000
Jan.
May
Jan.
Jan.
July
1,
1'
1.
1,
1,
1937
1940
1937
1907
1927
Oct,
Apr.
July
June
Sept.
1,
1,
1,
1,
1,
i90O
189*
1909
1926
1919
Feb. i , 1922
A t Co.’s option
July 1, 1909
July 1, 1909
July 1, 1908
July 1, 1926
Apr. 1, yearly.
Jan. 1, 1917
Apr. 1, 1919
Sept. 1, 1919
F. & A. N. Y „ Del. L. & W. RR. Feb., 189?
M. & S.
do
do
Mch. 1, 1907
M. & N. N. Y., Farm. L. & Tr. Co. May, 1923
1943
M. & N. N. Y., 120 Broadway. Nov. 1, 1931
5 g. J. & J. N. Y., Central Tr.&St.L. July 1, 1920
do
do
M ay 1, 1922
5 g. M. & N.
July 1, 1922
do
do
5 g. j . & j .
interest Nor. Pacific Terminal property, $118,320: loss on w ater lines
$113,535; betterments, etc., $21,444; loss to lessee, $1,564,440. In
1891 gross, $5,673,172; net, $1,356,784; loss to lessee, $1,126,948. Y.
56, p. 165.
O r e g o n S lio r t L i n e & IT t a li N o r t h e r n . —[See Map Union
Pacific.)— o a d .—Owns road from Granger, Wyoming, to Huntington,.
R
Oregon, 542 miles; branch Shoshone to Ketchum, Idaho, 70 m iles;
Ogden to McCammon, Idaho, 111 miles; Pocatello to Silver Bow, Mon
tana, 256 m iles; Lehi Junction to Tintic, Utah, 54 miles; Ogden, Utah,
to Frisco, 275m iles; sundry branches, 117 miles ( » f which 40 miles
narrow gauge); total, 1,425 miles. Also leases and controls the Ore. R.
& Nav. Co., which see above.
O r g a n iz a t io n .—Formed in 1889 by a consolidation of the Oregon
Short Line, the Utah Northern and other lines. It is controlled by the
Union Pacific Railway Co, which operates it under a traffic agreement,
and owns a majority of the stock.
Ca p it a l Sto c k .—Stock authorized $27,000,000 (par, $100); outstand
ing $26,244,853, of which Union Pac. Jan. 1, 1892, owned $15,116,703,.
pledged as part security for the U. P. collateral trust notes of 1891.
F l o at in g D ebt .—Jan. 1,1893, $5,273,049, of which $4,065,501 due
U.F. Assets—Company’ s bonds, $1,816,011; accounts receivable,$150,818; net floating debt, $3,306,220, against $2,775,435 Jan. 1, 1892. Of
the $11,024,000 consols outstanding Jan. 1, 1893, $4,750,000 were
pledged with U. P. as collateral for advances, with power to sell.
B onds .— Consolidated mortgage due 1919 (trustee, American Loan &
Trust <’o.) is a first lien on 201 miles and a second on 1,220 miles. Suf
ficient bonds are reserved to retire prior bonds when due, and the total
issue on the road in operation is not to exceed, including prior liens,.
$25,000 per mile. Bonds may be issued for axteusion at $25,000 per
mile (unless a majority of the bondholders object) and additional amounts
for terminals ana second track, but not exceeding in the aggregate $35,000 per mile of double track. The issue is redeemable (but ouly as a
whole) on any coupon day at 105 and interest. There will be a sinking
fund when earnings suffice, but for this no bonds can be drawn. The
Union Pacific guarantees interest on this issue under a traffic agree
ment. See abstract of mortgage V. 51, p. 242.
The collateral trust bonds o f 1889 are secured by deposit of $13,000,000 of Oregon Railway & Navigation stock. There is a sinking
fund for this issue, but not less than the whole amount can be called
for payment, and that only at 105. The Union Paoittc guarantees both
principal and interest o f the collateral trust bonds. Trustee is Am eri
can Loan & Trust Co. o f Boston. See mortgage abstract, V. 51, p. 243.
E arning s .—Jan. 1 to Mar. 31 in 1893 i3 months) gross $1,326,039,.
against $1,487,896 in 1892; net, $405,141, against $491,589.
A n n u a l R e po r t .—Report for 1892 showed as follows. The charges
iu 1892 do not include any sum due Un. Pac. for carrying the floating
debt, fhe annual expense for which was about $250,000:
Year ending December 31
1890.
1891.
1892.
Average miles operated................. 1,404
1,422
1,424
Gross earnings....... .................... $7,488,031 $7,574,456 $7,201,200
Net earns, (after deducting taxes). 2,334,047
2,783,914
2,670.122
Income from investments, e tc....
884,165
1,035,652
1,026,135
Total net income..................... $3,218,212
Interest on bonds......................... $2,577,412
Sinking fund..................................
201,110
Loss on rsedlm ’s(O.Ry.&N.syst’in)l,789,190
Miscellaneous................................
47,182
$3,819,566
$2,849,854
217,458
1,126,9 49
34,411
$3,696,257
2,804,627
220,497
1,564,441
cr.73,526
Balance..................................... df.$l,396,682 df. $409,106
819,781
—(V. 52, p. 679, 902; V. 54, p. 719 ; V. 56, p. 247.)
O s w e g o & S y ra c u s e .—Owns from Oswego, N. Y., to Syracuse, N .
Y., 35 miles. Leased in 1868 during length of charter and renewal
thereof to the Delaware Lackawanna & Western Railroad Company for
9 per cent per year on $1,320,400 stock and interest on bonds.
O w e n s b o r o F ^ lls o f R o u g h & G r e e n R i v e r . —Owns from
Owensboro, Ky., southeasterly to Horsebranch on Ches. & O. S. W. 42
miles. Extension to Middlesborougli projected. In August, 1892, Ches.
& O. S. W. parties bought a controlling interest in the stock, and road
w ill be operated in connection with that line but as an independent
property. Five p. o. mort. for $6,000,000 ($20,000 per in.) authorized.
O w e n s b o r o < N a s h v ille .—Owns from Owensboro, K y.,to Adairfc
ville, Ky., 84 miles; Mud R iver Branch, 4 miles. Operated by Louis
ville & Nashville Railroad, which owns the $1,156,518 stooh
(par, $100) and $1,200,000 of the first mortgage bonds—all these
bonds and most of the stock being pledged under its trust deeds.
P a d u c a h T en n e ssee & l l a b a i n a . - ( ^ e e Map).—Ro a d .—Own,
from Paducah, Ky., to junction with Tenn. Midland at Lexington^
Tenu., 118 miles, and operates the Tennessee Midland RR. from
Memphis, Tenn., to Perryville, on the Teuuessee River, 136 miles;
total, 254 miles. Extension o f Tenn. Midland to Nashville proposed.
H is t o r y .—Connection with Tenn. Midland completed in Sep
tember, 1892, forming part of a new through liue between St,
Louis and Memphis, as well as between Paducah, Ky., and Memphis
and all Ohio River points. See V. 54, p. 598, 801, 965. The Tennessee
Midland is controlled in the interest oi this company, which operates.
it under a 30-year traffic contract.
RAILROAD
Ma t , 1 « |
STOCKS
AND
BONDS
1 11
Olney
Flora'
LawrenccvUk]
lattuc
V p W ijJ
Xentraiia
Xw'almu H ill
i
MtCarmel
lakland Gy.
Ash3e!
sWaterL
Shoals
"Washington
OHIO
A S T S T . L O U fS
^Huntingbarg
eraon
rouIters T,
■§tewai
Lincoln
MeLeaasborci
finkBey Y
Du Quoin
Benton
•arroj
iCanricloln
VJ/ilaves Y U j
Eldorado
irpltysboppjL yXlparbondale
V Cioverport^
J
'Breekemidge 1
Hulendei
y
'shawneetown;
For€stOTe
VjkMarioa
Grand Towl
‘rederickstown
*ARK£R CITY
Providenoe
Hadbosi Y.
Marion
Nerioasnlk
iW tir
McNairs
Penrod
Princeton
Merle:
Willi’
Oroftoa
ilo p k in s Y ille
.Beaton
v Elkion.
fimonE
Malden!
Talt#n
1 m
PMoeali Je.
ve\
;
Ru&sdlcUle
Gmliri#’
Boater
>AdairrlB#
Murray
Ufaacl
rfc*f£B»
% ri«gfieid
kG bills
iil
NM M k
M lu i
Obion
Edgefield Jt.
PARIS spring*111?
iKemoi
N ,?Hwi
Kenneti
Kingston
.Krilov
DyerabanS
Linder,
Lewi*
Belfast
flm kiiv*
Lawnnccl
(R U s t s r g 1 4g,
VM fV'rtnlh
Elkhiuot
:Holly '>rt»g»
>Athens
lUtitdvUlt
•H E F F I t C o A v
'otirtlam T ^.
Oxford
S « * AJhatty
iftyUhflho
Ounii
Spnice Rue'
Fulkellle
w\H*tej*il!e
Cullman
WUerVaitey
’
M A P OF TH E
Olen Allen"
Blounl 8pi
Jsuipbry~J
PADUCAH, TENNESSEE & ALABAMA
Morri
Fayette
TENNESSEE MIDLAND
Kennedy
BIRJVn NGHAM
RAILROADS.
Bessemer^//
[
ITJocIon Je,[/
|
Oxmoor
1 !«
INVESTORS1 SUPPLEMENT.
[Vou LVL
gnbacrftberM w i l l c o n fe r a g re a t fa v o r b y g i v i n g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e re d In these T a b le s .
Boruls—Princi
IN TE RE ST OR DIVIDENDS.
RAILRO AD S.
pal, When Dus.
Miles Date Size, or
Amount
Rate per When Where Payable, and by Stocks—Last
Par
of
of
For explanation of column headings, Ac., see notes
Outstanding Cent. Payable
Whom.
Road. Bonds Value.
Dividend.
on first page o f tables.
Panama—Stock........................................ ..............
General M. for £ 1,000,000 sterling (See te x t). .c
Sinking fund subsidy bonds.,gold, drawn at 100.c*
.Paterson <
6
p.o.perp.rent.N.Y.L.E.AW.
Pecoe
1st mort., gold, $12,000 per mile..o"
Pennsylvania—Block................... ................. .........
General inort. bonds, $1,000 and £200 each, cat
GonseL M. for *100,000,000, s. fund, not drawn.r
do
do ($1,000 and £200).............................. o
do
do., gold.............................................. cat
do
do. gold, s. f. 1 p. o., not drawn.......... o*
Ronds (P . W. A B. stock as oollat.) not drawn, .r
Navy Yard mort. (extended 20 years in 1881).. .r
Collateral trust loan, go ld , not drawn...............0*
Equip. Tr. gold bonds (a. f. 5 p.c.) not drawn — o*
Penn. Oar Trust (in series payable i »o yearly) —
Penn. Equip.Trust (In senes payable L o yearly).
Penn. Rolling Stock Trust (1-10 payable yearly).
DeL Ave. Market 1st mortgage........................... r
Delaware Ave. Bloodgood property................... r
Penn. RR. real estate purchase money gold M.c*4r
Pennsylvania Oompany—8took....................... -----Bonds, see. by P. Ft. W. A C. stock (s. f.dr’n at 105.r
Bonds, gold, see. by pl’ge A guar, (not dr’n)..o\fcr
Car trusts.............................. --....................- - - - .Penn. LchigH & Eastern—1st M. $5,000,000, gold...
Pennsylvania d Northwestenx—Stock (see te x t)......
b
Bell's Gap 1st mortgago, Bells Mills to Lloyds, o*
Extension le t mortgage.................................. o‘
Consol, mort. (for $oo0,000) s. fund not dr’n.o*
Clearfield A Jefferson 1st mortgage..................
Penn. A N. W. gen. mortgage for $2,000,000—
48
48
48
15
89
1867
1880
1890
568 1867
568 1875
568 1873-4
568 1879
568 1893
571 1881
1881
1883
1889
1881-4
'86-91
1892
1889
1892
1893
1877
1881
1889
62
8
24
24
38
62
1873
1875
1883
1886
1890
$100 $7,000,000
£200
£800,000
$1,000 $2,242,000
630,000
50
1,000
987,000
50 126,774,500
19,997,820
$ or £
1,000
1,961,000
$ or £
25,519,020
1,000
4,998,000
1,000
4,000,000
1,000
7,909,000
1,000,000
5,000
1,000
9,900.000
1,000
2,748,000
1,000
600.000
1,000
5,887,000
1,000
3+70,000
300,000
5,000
200.000
1,000
1,000
2,000,000
50 21,000,000
1,168,000
1,000
1,000 19,467,000
2,842,448
1,000
450.000
50
2,250,000
500
166,000
81,000
1,000
149,000
500 Ac.
1,000,000
500 Ac.
604,000
1,000
Sto ck authorized, $5,000,000 ($20,000 per m ile ); outstanding, $2,4.32,000. B onds .—St. Louis Trust Co. is trustee o f all three mortgages.
Interest is guaranteed on the Tennessee Midland bonds, and the bonds
so endorsed. On present m ileage the Tenn. Mid. bonds are limited to
amount now outstanding, but on any extension eastwardly from Ten
nessee R iver first mortgage bonds may be issued at $15,000 and second
mortgage at $5,000 per mile of completed road. For Paducah.bonds
see adv. o f Jan. 21,1893. Car trusts Feb. 20,1893, $85,609.
E ar n in g s .—On Paducah road proper from Jan. 1 to April 30,1893
(4 months), gross earnmgs were $106,039, against $49,893 in 1892;
and on Tennessee Midland, same period, $75,238, against $52,422.
On Tennessee Midland in year 1892, gross, $200,665, against $210,127
In 1891; net, $49,426, against $56,280. For Tennessee Midland see
also V.61 , p. 830, 908; V. 53, p. 879; V. 54, p. 598, 684. 801, 965; Y.
55, p. 806. T. J. Moss, President, St. Louis. (V. 56, p. 502.)
P a n a m a ,—
-Owns from Colon to Panama, 48 miles. H is t o r y .—
Opened through January 28,1855. In June, 1881, most of the stook
was sold to parties interested in the De Lesseps Panama Canal Co.
The company in 1892 arranged for an independent line o f steamers
betv een Colon and New York and Panama and San Francisco, but in
May, 1893, a satisfactory agreement was reported to have been made
with the Pacific Mail. iSee Y. 56, p. 375,|836.)
D iv id e n d s since 1881 have been: In 1882,12*s; in 1883,13hj; in
1884,16; in 1885, 10; in 1886 and 1987,n il; in 1888, 26; in 1889, 9;
tn 1890, 5; in 1891, 5; in 1892, 2 p. o.; in 1893, January, 2 p. c.
B onds.—In fa ll o f 1892 £202,000 general mortgage 7s w ere Issued,
bearing an endorsement certifying that the holder has the option
o f having his bond extended from Oot. 10, 1897, to October 10, 1907,
a t 5 per cent interest, upon notice to the company before July 10,
1897, the bonds so extended to be subjeot to call for redemption at 105
and interest any time after Oct. 10,1902, on 90 days’ notice. The sub
sidy bonds are secured by a pledge o f the sain of $225,000 annual sub
sidy payable to the U. S. of Colombia by the oompany, and are drawn
and paid off on November 1, yearly, with any surplus of the subsidy not
needed for interest, $85,000 bonds being paid Nov. 1,1892. Of the
bonds given above as outstanding $633,000 of the 7 p and $393,000 of
the 6s were on Jan. 1,1893, held by the sinking fund o f the 7s o f 1867.
A n n u a l R e po rt .—The report for 1892 in Ch r o n icle , V. 56. p. 578,
showed net income o f $820,390, against $962,233 in 1891 and
$922,500 in 1890, and a surplus over interest, sinking fund and other
chargee of $182,816, against $323,SOI in 1891 and $348,873 in 1890;
dividends in 1892, $280,000. (V. 53, p. 324; V. 54, p. 5 96 ; Y. 55, p.
374,503, 723, 996, 1111; V. 56, p. 127, 375, 578, 580.
P a t e r s o n Sc H u d s o n .—Owns from Weehawken,N. J., to Paterson,
N. J., 13 miles. Leased in perpetuity at $48,400 per year to N ew York
Lake Erie A Western, forming part of its main line.
P e e o s V a lle y .—Projected from Peoos City, Texas, on the Texas A
Pacific Railroad, via the valley o f the Peeos River, to Albuquerque, New
Mexico, on the Atchison Topeka A Santa Fe, about 340 miles; completed
in January, 1891, from Pecos City to Eddy, about 90 miles. The
mortgage (trustee, Mercantile Trust Company o f New York) is for
$5,000,000. Stock authorized, $5,000,000; outstanding, $1,105,000:
par $100. E arnings .—I n year 1892 gross earnings $123,737; net,
$27,437. In 1891, gross, $57,778; net, $5,198. (V. 51, p. 458.)
P e n n s y lv a n ia .—( See M an)—L in e of R oad —The Pennsylvania sys
tern embraces about 7,979 nines of railroad, including all east and west
•of Pittsburg. A t the close of 1892 the mileage operated east of Pitts
burg A Erie, on which earnings as reported were based, was divided as
follows: Pennsylvania Division ana branches, 1,591; Philadelphia A
Erie Division, 546; United Railroads o f New Jersey and branches, 521;
total operated, New York to Pittsburg, with branches, 2,658.
Or g a n iz a t io n . L ease 6, Ac.—The charter of the Pennsylvania R ail
road was dated A pril 13,1846. The Harrisburg Portsmouth Mt. Joy A
Lancaster is still operated under a lease, though forming part of main line.
The Pennsylvania Company controls all the lines west o f Pittsburg
and Erie, the Pennsylvania Railroad Company holding all its stook.
C a p it a l Sto c k .—Stook authorized by law $151,700,000; the amount
outstanding has been iuoreased from time to time, chiefly by sale at
par to frtooKholders, for now acquisitions, etc. (V. 54, p. 447.)
D iv id e n d s .—In 1883, 8*s; in 1884, 7; in 1885 and iu 1886, 5; in 1887,
5 *«; in 1888 and 1889, 5 per cent y e a rly ; in 1890, May, 5*a; in 1891,
6 ; in 1892, 6; in 1893, May, 2 ^ per cent in cash and 2 per cent in
scrip convertible into stock. See V. 56, p. 753.
P ric e of Bto c k .—In Philadelphia (prioe per $50 share not peroentum
priee)—In 1884, 491
4®61; in 1885, 45%@561 in 1886, S l^^G O U ; in
s;
1887,53 V3>60; in 1888, 5 2 ^ 5 6 * 8 ; in 1 8 8 9 ,5 0 ^ 5 6 ; in-1890, 4738®
56*9; in 1891, 4968^57*2; in 1892, 53^57% ; in 1893 to May 19, inclu
sive, 61©551
9.
B onds .—This company owns $10,890,950 stock o f the Philadelphia
Wilmington A Baltimore Railroad, and the four per cent bonds o f 1921
are purchased vearly, if obtainable at not over par, with the surplus
prooeedn o f Phila telphia Wilmington A Baltimore dividends
Interest on general mortgage 6e of 1870 is payable on coupon bonds
January 1 and July 1; on registered bonds, A pril 1 and Ootober 1. In
terest on consolidated 6s is payable on coupon dollar bonds of July 1
1905. on J\me 15 and Deoemoe 1 >; on oupon sterling bonds, January
1 and July 1; on ’• "‘ristered bonds quarterly, March 15, Ac. Interest on
See text.
7 g.
0 R.
8 per an.
5 K.
See text.
6
6
6
5 g.
4 g.
4
5
4 Jag.
4 g.
5
4
4
43.0
4410
4 g.
Various
A.10AO.
M. A N.
J. A J.
A. A O.
M. & N.
See text
Q .-M .
See text
See text
M. & N.
J. & J.
J. A J.
J. & D.
M. A S.
Quarny.
Quar.
M. A S.
M. A 8.
M. & N.
6
Q .-J.
4 >ag. J. A J.
4, 4ia & 5 Various
5 R. A. & 0.
See text. J. A J.
7
J. A J.
F. & A.
6
A. & 0.
6
J. A J.
6
J. A J.
5
N. Y.. 29 Broadway.
N. Y. Office A London.
N. Y., 29 Broadway.
N. Y., 120 Broadway.
N.Y., Mercantile Tr. Co.
Philadelphia, Office.
Phila. Ofiioe A London.
Philadelphia. Office.
Phila. office and London
Philadelphia, Office.
N ew York.
Phila.,Pa.Co.for Ins.&o.
Phila., Co.’s Office.
Phila. .Provld’t L. AT. Co.
Phila., Gir’d Life Ac. Co.
Pliila.,Provid’tL .A r.Co.
Phila.,Tr. S. D ep.AI. Co.
Phila., Gir*d L ife Ac. Co.
Phila., 233 So. 4th St.
Philadelphia.
N. Y., Farmers’ L. A Tr.
Pittsburg, Co.’s Ofiioe.
Pllila., Tr. 8. D. & I. Co.
N. Y., Nat’l City Bank.
N. Y . Security & Tr. Co.
Phila., Guar. Trust Co.
Phila., 105 S. Fourth St.
ao
do
Phila., Guar. Trust Co.
do
do
do
do
Jan. 3. 1893
Oct. 10, 1897
Nov. 1, 1910
Jan. 2, 1893
Oot 1, 1920
May 31,1893
July 1, 1910
June 15,1905
July 1, 1905
Sept. 1, 1919
May 1, 1943
July 1, 1921
Jan. 1, 1901
June 1, 1913
Sept. 1, 1914
1893 to 1894
1896 to 1901
1893 to 1902
Mar. 1, 1909
S ept 1, 1912
May 1, 1923
Mar. 16, 1893
July 5, 1907
July 1, 1921
Various dates.
O e t 1, 1939
Jan., 1893
July 1, 1893
Aug. 1, 1905
Apr. 1, 1913
Jan. 1, 1927
Jan. 1, 1930
consolidated 5s of 1919 is payable on coupon bonds March 1 and Sep
tember 1; on registered bonds, quarterly, March 1, Ac.
The consolidated mortgage of 1873 for $100,000,000 secures all the
consols equally, though issued at different dates; o f the amount author
ized, a sufficient amount is reserved to retire the general mortgage of
1867. The cons< lidated mortgage covers all the property and fran
chises of the company, including its main line from Philadelphia to
Pittsburg, and branohes. being a total o f 568 miles, together with real
estate and equipment. I t is also a first lien on the company's leasehold
interest in other railroad lines and canals, as well as on its large
investments in shares and bonds of other companies of an estimated
cash value o f over $50,000,000. These f-ecurities produced In 1892 an
income of over $2,600,000. Sinking fund for consols Jan. 1, .1893, held
—Consols canceled, $1,771,980: other securities and cash, $2,946,564.
The collateral trust loan of 1883 is secured by the deposit of mortgage
bonds of subsidiary lines to the par value of $13,600,000.
The equipment trust bonds o f 1889 have a sinking fund o f 5 per oent
yearly, and if bonds cannot be bought at par the sum is to be invested
In new equipment to be subject to the trust.
Its guaranteed securities are bought up by the Pennsylvania Railroad
Company with 1 per cent of the net income yearly, and $8,279,630 so
purchased were held on January 1,1893.
G e n e r a l F inances , Ac.—The total cost to the Pennsylvania Rail
road Company o f the stocks and bonds of other oompanies held in its
treasury was, up to January 1,1893, $114,648,704 (par value of the
same, $166,055,554), most of whioh is represented on the other side of
the balanoe sheet by issues of Pennsylvania Railroad stook and bonds
and other debit items. In 1892 company subscribed to an additional
$1,000,000 Pennsylvania Company stock dnd received $840,000 from
dividends paid by said company. Mortgages and ground rents Jan. 1,
1893, amounted to $3,484,885.
In May, 1893, were issued the $2,000,000 real estate bonds fo r pier
property in N. Y. City and $4,000,000 consol. 4s for other im prove
ments. See Y. 56, p. 782.
L atest E ar n in g s .—January 1 to March 31, 1893 (3 months), gross
on lineb* east of Pittsburg and Erie were $16,146,176, against $15,676,642 »n 1892; net, $3,508,762, against $4,290,'/58 in 1892. For same
periods on lines west of Pittsburg and Erie gross earnings in 1893
showed a decrease o f $429,820 compared with 1892 and the net earn
ings a decrease o f $1,057,826. See V. 56, p. 309.
A n n u a l R e po rt .—Fisoal year ends Deo. 31. Annual meeting is held
at Philadelphia on second Tuesday in March. The report for 1892 was
in the Ch r o n ic l e , V. 56, p. 393, 412, 415, givin g full particulars.
EARNINGS on ALL LINES BOTH EAST AND WE8T OF PITT8BURG AND ERIE.
Tear ending Dec. 31—
1890.
1891.
1892.
Gross earnmgs.................... $133,521,623 $134,254,613 $138,974,520
Operating expenses...........
92,003,365
91,819,660
98,352,093
N et earnings................ $41,518,258
$42,434,953 $40,622,437
The income account has been as follows, the “ net inoome ” given in
the first line being the amount of inoome after deducting interest paid.
INCOME ACCOUNT OF PENNSYLVANIA RAILROAD OOMPANY.
Year ending Dee. 31—
1890.
1891.
1892.
Net inoome Penn. RR. D iv’n $11,030,401 $12,257,432 $10,794,260
Net loss or gain on N. J. Dtv.
+396,885
-276,456
—299,199
Loss on Pitts. A Erie D iv ..
1,644
9,135 profit 10,849
Balance o f inoome.......
Payments—T o trust fund .
Consol, mortgage redeemed.
Allegh. V al. RR. Co.—Detio’y
Extraordinary expenses—
$11,425,642
93,498
324,800
119,005
1,632,024
$11,971,841
98,622
324,780
274,062
1,510,758
$10,505,919
89,179
324,780
...........
1,263,137
$2,169,327
Balance to credit of inoome
9,256,315
Dividends............................ (5*3)6,241,873
$2,208,222
9,763,619
(6)7,495,598
$1,677,096
8,828,814
(6) 7,606,456
$2,268,021
+49,019
............
$1,222,358
+904,606
...........
To oredit of profit and loss.
Bal.in set’m’t of claims, Ac.
Expenses of floods June,1
'89.
$3,014,442
............
1,064,704
Balance........................
$1,949,738
$2,317,040
$2,127,027
Bal. profit and loss Dec. 31. $22,017,794 $24,334,833 $26,461,860
—(V. 53, p. 107. 267, 713; V. 54, p. 180. 345,447,507. 665.702. 867; Y.
55, p. 313, 1061, 1078; V. 56, p. 43, 393, 41 *2, 415, 502, 538,711,782,)
P e n n s y lv a n ia C o m p a n y .—Chartered in Pennsylvania April 7,
1870, aud operates all the Pennsylvania’s leased lines west of Pittsburg.
Its stock is owned by the Pennsylvania Ruilruad.
D iv id e n d '.—In 1883,4 per oent; then none till 1892, when 4 p«r
oent was paid in March; in 1893, March, 4 per oent.
B onds .—Besides the bonds given above as outstanding $3,032,00#
o f 6s and $533,000 of 4*gs are held in the sinking fund.
The 6 per cent bonds are secured by deposit of $4,000,000 of Pittaburg Fort Wayne A Chicago speoial stook. The gold bonds of 1921 are
secured by a deposit in trust of the leases o f the Pittsburg Fort Wayne
A Chicago and the Cleveland A Pittsburg railroads and are also guar
anteed as to principal and interest by the Pennsylvania Railroad Com
pany, and are so endorsed; the trustees o f the mortgage are W. H,
IS *
fAubuJ
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ilH
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ford
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STOCKS
VBrulpr
RAILROAD
^ ^ T N flL
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Vernon
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Slfttlu
MAP OF THE
PENNSYLVANIA E. E.
A N D IT S C O N N E C T IO N S .
Hm
u
,.J C tH
MM t
Colum
bia
_,
114
INVESTORS’
SUPPLEMENT.
| Von. LV I.
S u b s c rib e r* w i l l c o n fe r a g r e a t f a v o r by g i v i n g Im m e d ia t e no tice o f a n y e r r o r d is c o v e r e d I n th ese T a b le s .
Bonds—Princi
IN TE R E S T OR DIVIDENDS.
RAILRO AD S.
pal,When Due.
Miles Date Size, or
Amount
Par
When
of
For explanation o f column headings, &c., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Dividend.
Whom.
Cent.
Road. Bonds Value.
on first page o f tables.
Pennsylvania Poughkeepsie d Post.—1st M., gold.C’
k
2d mortgage for $500,000, gold..........................
Slatingion valley RR. 1st m ortgage..................
Peoria «£ Bureau Val.—8tk., 8 p. c. rent’l C. R.I.&P.
Peoria Decatur d Evansville—Slock........................
1st mort. (Peoria Div., Pekin to Mattoon) gold.o’
1st m. (Evansv.Div., Mattoon to Evansville,) g.c*
8eoond mortgage, g o ld .................................... o’1
*
2
0
Peoria d Eastern—Stock.........................................
k
Ind. Bloom. & West* 1st M., pref., int. gu ar.. .0Ar
Ohio Indiana & West. 1st M., pref., gold, int. gu .ir
P. «fc E. consol. M. $10,000,000, interest guar..c’
2d consol, mortgage,income, non-cumulative. ..c
Peoria & Pekin union—1st mortgage, gold..........c
2d mortgage, gold..............................................c
Perkiometi— 1stM.f ser. I (1st l’n) gu. by P.&R.,g.c’
1st M., ser. 2 (2d l’n) g., guar, by P. & R. (end.).c’
Petersburg—Stock.................................................. .
Guar. pref. stock, 3 per cent, lien prior to mortg.
1st mort. (payable $25,000, due yearly Jan. l)c<fcr
Mort. bonds, class A,$200,000 reserved for 1st M.
Mortgage bonds, class B .......................................
Philadelphia d Baltimore Central—Stock...............
Gen.M. (nowlst M.)for$2,500,000,$1,200,0004^8
Phila. d Erie—Common stock ($10,000,000 author.)
k
Preferred stock, 7 per cent, .special......... ...........
Simb. & E. 1st mort. (extended in 1877)......... c<fcr
Gen. mort., gold, guar, by Pa. R R .....................c
General mort., gold, guar. ($5,263,000 are 5 s)..r
Phila. Germ, d Chestnu t H ill—\st M., gu. by Pa. RR.r
k
Phila. Germ. dNorrisVn—Stock rental., P. & R. RR.
Phila. Harrisburg < Pittsburg—1st mort., gold.c*«fcr
£
Ph il. NeiclowndN. Y.—1stM.,gold, gu. p.&i.(end.)c*
73
73
47
110
128
244
202
342
202
202
20
20
38
38
59
59
59
59
59
79
79
287
287
40
287
287
7
29
44
22
1889 $1,000 $1,500,000
6 g250,000
1,000
1890
6 g.
61,500
fcc.
4
1886 500 <
100
1.500.000 8 per an.
. ...
100
8.400.000
1,000
1880
1.287.000
6 g1,000
1880
1,470,000
6 g.
1,000
2,088,000
1886
5 g.
100 10,000,000
1879 100 &c.
1,000,000
7
1888 500 &c.
500,000
5 g.
1890
1,000
8,103,000
4
1,000
1890
4
4,000,000
1,000
1881
1,495,000
6 g.
1,000
1881
1,499,000
4!flg.
1887 100 &c.
799,600
5 g.
1,000
1888
1,125,000
5 g.
100
960,800 See text.
100
323,500 See text.
1869 500 &c.
124,000
8
1,000
1881
718,000
5
1,000
1881
800,000
6
50
2,495,650
1,000
1881
2,200,000 4*2 & 5
50
7,985,000 See text.
50
2,400,000 7 per an.
1,000
1857
7
976,000
1869
1,000
8,680,000
6 g.
1,000 10,018,000 4 g .& 5 g .
1869
1883
1,000
1,000,000
4^2
50
2,246,900 See text.
1890
1,000
5 K.
(!)
1,000
1892
1,600,000
5 g.
Barnes, John P. Green and Henry D. Welsh. In 1892 and 1893 the com
pany guaranteed certain Pittsburg Cincinnati Chicago & St. Louis bonds
E arnings .—T he total mileage operated or controlled by this company
is 3,532—operated directly by Pennsylvania Co. 1,184 miles. In year
1892 gross, $22,506,656; net, $8,052,353; charges, $6,822,379 ; bal
ance, surplus, $1,229,974; dividends paid (4 per cent), $840,000.
^Incom e account has shown after payment o f all obligatory charges:
deficit in 1886 of $200,674; in 1887, net profit, $675,516: in 1888, loss,
•$74,891; in 1889, net profit, $727,802 ; in 1890. net profit, $1,081,958;
in 1891 net profit, $1,725,938; in 1892, profit, $1,229,974. iV. 53, p.
21; V. 5.4, p. 38 7, 404, 406, 444, 525; V. 55, p. 5 7, 161.)
* l*e iin s y lv iiiiia Ac N o rth w e s t e r n .—
’
-Owns Bellwood, Pa., to
Horatio, 62 miles; total, including branches. 73 miles. A consolidation
Jan. 1 ,1890,ol the Bells Gap and Clearfield & Jefferson roads.
Sto ck , E tc ., increased from $1,660,000 to $2,000,000 in 1891, and
in March, 1893, further increase to $2,500,000 was authorized, $250,
000 o f this being then offered at 90 to stockholders. See details V. 56,
p. 414. Dividends have been—in 1890,5 p. c.; i n ’91, 5; i n ’92, Jan.,
2*2 ; July, 3; in ’ 93, Jan., 3 p. c. O f the $2,000,000 general mortgage
bonds authorized, sufficient are held to retire the prior issues, when
due. Five per cent car trusts due 1893 to 1902, $473,000, due $60,000
yearly on March 1.
K E a r n in g 8,—In year 1892 gross $856,282 against $860,332 in 1891;
net, $250,196; interest on bonds, $114,870; dividends, $120,000; bal
ance, surplus, $16,326. Total surplus Jan. 1, 1893, $143,327. E. J.
Berwind, Pres’t, Philadelphia.—(V. 50, p. 37; Y. 56, p. 414.)
P e n n s y lv a n ia P o u g h k e e p s ie Ac B o s t o n .—Operates from
Slatinvton, Pa., to Campbell Hall, N. Y., 96 miles, of which three
sections, aggregating 44 miles, belong to other companies.
Con
.nects with lines running to the Poughkeepsie Bridge. Completed in
November, 1889. Trustee of 1st mortgage o f 1889 is the Holland Trust
Co. Interest was defaulted January 1, 1891. and in February, H. H.
Kingston, of Philadelphia, was made receiver. Receiver’ s certificates
July 1, 1892, were $239,000; car trusts, $272,060; loans and bills
ayable, $624,055; interest due and accrued, $233,065. Capital stock,
2,000,000; par, $50. In April, 1892, operation o f road was under
taken bv Philadelphia & Reading, which, it is said, w ill ultimately con
tro l or lease it. In year ending June 30, 1892, gross earnings were
$197,984; deficit under operating expenses, $16,6i9; charges, $237,101; net loss, $253,820. Total deficit to Juno 30, 1892, $805,236.
— (V. 51, p. 609; V. 52, p. 351; V. 53, p. 641.)
^ P e n s a c o l a Ac A t l a n t i c . —See L o u is v il l e & N a s h v il l e .
i
& B u r e a u V a l l e y . —Owns from Bureau Junction to Peo
ria, nL, 47 miles. The road was leased in perpetuity April 14, 1854, te
the Chicago Rock Island & Pacific at a rental o f $125,000 per annum.
g / P e o ria D e c a tu r Ac E v a n s v i l l e . —(See Map Evansville d Terre
k
Haute.)—Owns from Pekin to Evansville, 235 miles; branch, 6 miles;
leases, Pekin, 11 to Peoria, 111., 10 miles; through Decatur, 3 miles;
1.,
total, 254 miles. Operated in harmony with the Evansville & Terre
Haute, to which was due July 1, 1892, on loan account, $352,122. On
same date bills payable were $77,260 and equipment notes and con
tracts $352,122. Consolidation with Chicago
Ohio R iver and issuing
>of bonds by consolidated company w ill be voted upon June 29,1893.
See V. 56, p. 207, 464.
L atest E arnings .—Jan. 1 to M ay 7,1893 (441. months), gross earn
ings were $297,485, against $282,868 in 1892.
A nnual R e po r t .—Y ear ends June 30. Report for 1891-92 in Y 55
p. 894, showed gross earnings, $836,815; net, $340,734; total fixed
otorg®?* $331,870; surplus, $8,864. against deficit of $13,526 in
1890-91. (V. 53, p. 711 ; V. 55, p. 894; V. 56, p. 207, 464, 622.)
**e o r,Ia & E a s te r n .—Owns from Pekin 111., to Indianapolis, Ind.,
02 miles, and has a lien of $5,000,000 on Springfield Division, In
dianapolis to Springfield, Ohio, 141 miles; trackage, Pekin to Peoria, 9;
total operated, 352 miles. Operated by Cleve. Cincinnati Ch. & St. L.
H istory , L ease, Etc.—The Ohio Indiana & Western was sold in fore
closure Feb. 20,1890, and reorganized per plan in V. 49, p. 616. Its
successor, the Peoria < Eastern, is leased till April 1,1940, to the Clevt*
fc
land Cincinnati Chicago & St. Louis, which guarantees the interest, but
not the principal, of the first consols, and owns one-half the $10,000,000
stock, jwir $100. I f the Peoria & Eastern’s earnings added to the net in
come (up to $200,000) over operating expenses of the Springfield Divi
sion of the Ohio Indiana & Western exceed the sums necessary to
pay the Peoria & Eastern’s fixed charges and to reimburse the Big Foui
lo r all advances up to that time, the surplus is to go to the second con
sol. incomes, and any surplus to the Peoria & Eastern itself.'
B onds .—The consolidated mortgage of 1890 covers, besides the road
owned, the $5,000,000 purchase money lien on the Springfield Division,
see abstracts o f the consolidated mortgage and of the consolidated
Income mortgage in V. 51, p. 246, and o f Ohio Indiana & Western mort
gage, V. 47, p. 201. Due lessee July 1, 1892, $199,062.
E arnings .—For 9 months ending March 31 earnings were:
, Gross.
Net.
Interest, etc.
Balance.
1892-3................... $1,311,779
$248,101
$331,214 def. $83,114
1891-2................... 1,417,256
405,886
340,90 L
64 985
In year ending June 30, 1892, gross earnings, $1,833,143; net, $523,434 (against $235,206 in 1890-91); inter et on bonds, $419 120*
(rentals, ♦tc., $35,399 ; surplus, $68,915. (V. 53. p. 324: V. 55, p. 461.)
f
g
j.
J.
J.
F.
&
&
&
&
j . July,’90, coup, last paid Jan. 1, 1939
Jan. 1, 1910
J.
do
do
July 1, 1916
J.
A. N. Y. .Ch.R.I. & Pao. RR. Feb., 1893
J. & J. N. Y ., Central Trust Co. Jan. 1, 1920
Sept. 1, 1920
M. & S.
do
do
Nov. 1, 1926
M. & N.
do
do
J. & J. N. Y., Drexel, M. & Co.
do
do
Q .-J.
A. < O.
fc
do
do
April 1
N. Y ., when earned.
Q .-F . N. Y., Central Trust Co.
M. & N.
do
do
Phila., Pa. Co. Ins. on L.
do
do
Q .-J.
J. & J.
Richmond.
do
J. & J.
J. & J. Richm’d and Petersb’ g.
do
do
J. & J.
A. & O.
do
do
Jan. 1, 1900
Apr. 1, 1938
Apr. 1, 1940
Apr. 1, 1990
Feb. 1, 1921
Feb. 1, 1921
Jan. 1, 1918
Jan. 1, 1918
Jan. 3, 1893
Jan. 3, 1893
Jan., 1894-’98
July 1, 1926
Oct. 1, 1926
M. & N.
Nov. 1, 1911
Mch. 15, 1892
^
Oct. (1) 1897
1,
July 1, 1920
July 1, 1920
May 1, 1913
June 4, 1893
Oct. 15, 1925
Oct. 1, 1942
A. & O.
& j.
A. & O.
M. < N.
fc
Q .-M .
A & 015
A. & 0.
j.
Phila., Penn. RR. Co.
Phila. Of., 233 S. 4th St.
do
do
Phila., Penn. BR. Co.
Phil., Pa. RR. & London.
Phila., Penn. RR. Co.
Phila., Penn. RR. Office.
Phila., Treasurer of Co.
Phila., Comp’y’ s office.
Phil.. Phil. & Read. RR.
P e o r ia Ac P e k i n U n io n .—Owns from Pekin to Peoria, 10 miles on
each side of Illinois R iv e r; total operated 20 miles. The road is a union
road, and the stock o f $1,000,000 was taken by the different Peoria RR.
companies, and they pay a rental and also terminal charges. 8ee V. 36,
p. 253. Receipts in 1891-92, $598,086; net, $207,227; paid interest,
$157,155; dividends, (4 per cent) $40,000; betterments, $5,663.
P e r R I u m e n .- Owns from Perkiomen Junction, Pa., to Emails Junc
tion, Pa.. 39 miles. Stock subscription, $38,040. Reorganized in 1887.
There is due Philadelphia & Reading RR. on loan account upwards o f
$900,000. In year ending November 30, 1891, gross earnings were
$269,393; net, $101,324; interest, $96,230; surplus, $5,641,
P e t e r s b u r g .—Owns Petersburg, Va., to Garysburg, N. C., 59 m iles;
rents Garysburg to Weldon (Seaboard < Roanoke), 2 miles; total, 61
fe
miles. Reorganized in 1877 without foreclosure. Preferred stock is
guarante d 3 per cent yearly, then common receives 3 per cent, then
both stocks share pro rata. Dividend on common stock in January,
1892, 3 per cen t; in July, 3; in 1893, January, 3 per cent.
From July 1, J892, to March 31, 1893 (9 months), gross earnings
were $388,718, against $377,996 in 1891-92; net, $163,634, against
$185,970. Tn year endinv June 30, 1892, gross earnings were $532,462; net, $223,905. In 1890-91, gross, $527,644. (V. 53, p. 8 79.)
P h i la d e lp h i a Ac B a lt im o r e C e n t r a l.—Philadelphia to West
chester, 26 m iles; Wawa to Octoraro, Md., 46 m.; Brandywine Br., 1 m.;
leased Chester Creek Railroad, 7 m iles; total operated,* 80 miles. The
Philadelphia Wilmington & Baltimore Railroad holds practically all
the $2,495,650 stock, and operates the road as part of its system. In
1891-92 gross earnings. $1,026,302; not, $211,442; surplus above
charges, $87,903, including interest on deposits, etc., $24,164.
P h i la d e lp h i a Ac E r ie .—(See Map Pennsylvania R R .)—R oajd—
Owns road extending from Sunbury to Erie, Penn., 287 miles.
Organization , L ease, &c.—Formerly Sunbury & Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual net receipts paid as
rental. Pennsylvania RR. owned Dec. 31, 1892, $3,501,800 common
and $2,400,000 special stock and $3,823,000 general mortgage bonds,
and city o f Philadelphia (sink, fund) $2,250,000 common stock.
D iv id e n d s .—On common stock 2 per cent was paid in Maroh, 1892.
B onds .—T he general mortgage is guaranteed by Pennsylvania RR.
L atest E arnings.—January 1 to March 31,1893 (3 months), gross,
$1,044,167, agst. $1,057,895 in 1892; net, $223,524, agst. $275,945.
A nnual R eport .—The report for 1892 in Chronicle , Y. 56, p. 287,
(see also p. 332), showed earnings as fo llo w s :
Year end Dec. 31—
1889.
1890.
1891.
1892.
Gross earnings............... $4,689,137 $5,113,787 $5,201,361 $5,256,551
Expenses (incl. all taxes). 2,928,744 3,415,595 3,516,391 3,740,942
N et earnings.............. $1,760,393 $1,698,192 $1,684,970 $1,515,609
Total net incom e............$1,778,573 $1,716,440 $1,702,985 $1,535,563
Interest on debt.............. $1,034,470 $1,034,470 $1,042,470 $1,042,470
Interest on special stock.
168,000
168,000
168,000
168,000
Iuterest on equipment...
174,920
183,614
156,003) - q 9 qq
m
Extraordinary expenses . 323,331
..............................>
’
Organization expenses...
8,000
8,000
8,000
8,000
Surplu s ...........................
$69,851 $322,356 *$328,512 $173,794
* A dividend of 2 per cent on common stock was paid in March, 1892.
- (V . 50, p. 274; V. 52, p. 2 78; V. 54, p. 3 6 o , 406; Y. 56, p. 287, 332.)
P h i la d e lp h i a G e r m a n t o w n Ac C h e s tn u t H i l l . —In Philadel
phia from Germantown Junction, on Connecting Railway, to Chestnut
Hill, 7 miles. From May 1, 1883. loused for 30 years to the Pennsyl
vania Railroad Company, which guarantees 4 ^ per cent on the bonds.
Rental, net earnings. Pennsylvania Railroad owns $999,750 of
the $1,000,000 stock (par, $50). Gross earnings in 1891, $248,754; net,
over expenses and taxes, $83,917: int., $45,000; rentals, etc., $4,330.
P h i la d e lp h i a G e r m a n t o w ii Ac N o r r i s t o w n .—Philadelphia,
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 m iles; Ply
mouth RR., 9 m iles; other, 4 m iles; total, 34 miles. Leased November
10, 1870, to Philadelphia & Reading Railroad for 999 years at a rental
of $269,623 and $8,000 yearly for' organization expenses. Dividends
usually 3 per cent quarterly (12 per annum) were in 1893 temporal ily
reduced to 2*2 per cent quarterly on account o f certain losses sustained.
P h i la d e lp h i a H a r r i s b u r g Ac P i t t s b u r g .—Owns from Harris
burg. P a , to Shippensburg, on the Western Maryland Railroad, 41 miles,
sidings and laterals 14 miles. Opened in April, 1891, and leased for 999
years to the Philadelphia & Reading, which by endorsement on each
bond, guarantees the bonds, principal and interest. The rental covers
int< rest on bonds, taxes and expenses. Stock, $2,000,000; par, $50.
M ortgage is for $2,000,000. (V. 51, p. 383, 459; V. 52, p. 124, 643.)
P h i l a d e l p h i a N e w t o w n Ac N e w Y o r k . —Owns from Second
and Butler streets, Philadelphia, northerly to Newtown, with branch
under construction from Olney to connection with Tabor branch of
Philadelphia & Reading, 22 miles in all. Consolidated with Philadel
phia & Newtown Connecting RR. in 1892, and above mortgage issued
to retire $700,000 old 6s, and to complete and equip the line. The first
5s are endorsed with Philadelphia & Reading’s unconditional guaranty
o f principal and interest.
v ^
MAP OF THE LINES OF THE
frovetoa .Tc.
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INVESTORS’
lift
SUPPLEMENT.
[V ol. LV I.
S u b s c rib e rs w i l l c o n fe r a g re a t f a v o r b y g i v i n g im m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d
in th ese T a b le s .
Bonds—Prinei
IN TE RE ST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
Par
of
Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, Ac., see notes
Outstanding
Cent.
Payable
Road. Bonds Value.
Whom.
on first page o f tables.
Dividend.
RAILR O AD S.
$50 $39,830,362
1843 $ A £
6
1,512,700
1844-9 1,000
954,000
6
79,000
1857 500 Ac.
4%
1,000
2,700,000
1868
7
1871 200 &c. 18,811,000 6 g. & 7
1,000
9,364,000
*1873
6 g.
1st mortgage, $ and a ........................................ c
Mortgage loans o f 1844,1848 and 1849............. c
Mortgage loan o f 1857 convertible.................... c
Consol, mortgage ($8,162,000 are gold 6s)......... c
Impr’t M.f g.,r.i . drawn at 100. See V. 48, p.260.c
Consol. M.of 1&82, gold, stamped, pay. atnotice.c*
General mortgage ($100,000,000), gold....... c*Ar
1st pref. inc. M., not cum. ($24,400,000) gold...c*
2d ilrof. Lnc. M.. not cum. ($22,500,000) gold...e*
8d nref. inc. M „ not cum. ($4,833,000 conv.) g..c*
Terminal M., gold, gu. by P. A R. Term. RK..c*£r
Ten-vear sinking fund gold loan, red. at 100.. ,c*
Delaware R iver Terminal Pur. Money M., gold.e*
Delaware R iver Term. Ext. Pur. Mon. M „ gold.e*
Collateral trust bonds ($10,000,000) gold............
Deferred incomes (after stock).See V. 54, p. 239.
Car trust. Series B, $102,000 due each March 1 .c*
Car trust. Series C, $30,000 due Q.—M ............. c '
Car trust, Series D, $310,000 due Nov 1., gold-.c*
P. & fe. Coal & I. purchase money A real estate M.
Do
do
guar, extended in 1892, gold.
Do
do
guar, extended in 1893, gold.
327
327
327
327
1882 500Ac.
5,767,042
1888 1,000Ac See text.
1,000 23,949,900
1888
1,000 16,176,589
1888
1,000
1888
See text.
1891
1,000
7,266,000
1,000
1892
1,985,000
1,000
1892
700,000
1,000
1892
1,220,000
1892
1,000 As collateral
1882 50 Ac. 25,568,090
1884
1,000
102,000
1.000
1887
540,000
1,000
1890
2,170,000
1,568,495
’72-’84 500 <fec.
(5
__ 500 Ac. ’■12145,106 ]
500 Ac.
(
P h i la d e lp h i a S R e a d i n g .—(See M ap)—L in e o p R oad —Owns
c
main line, Philadelphia to Mount Carbon, Pa., 98 m iles; branches
owned, 229 miles; leased lines, 1,601 miles; roads controlled, 526 miles;
total operated November, 1892,2,454 miles, against 1,173 Nov., 1891.
In September, 1892, the P ort Reading RR. (which see) was completed.
I t extends 20 miles from Bound Brook to Staten Island Sound (near
New Y ork), where extensive terminals will be established.
Control of the Poughkeepsie Bridge system was acquired in August,
1892. See Philadelphia Reading & New England and V. 54, p. 203.
The Central RR. of N ew Jersey and the Lehigh Valley RR. were
leased early in 1892, and on Sept. 1,1892, the Lehigh Valley open-d a
new line to" Buffalo, but in August. 1892, the Central was ordered by
the ct?urt to take possession of its road, which it did.
A through connection with the Pacific via the lakes and the Great
Northern RR. was secured on Sept. 1,1892, by consolidation of man
agement o f the Lehigh Valley Transportation Co. with the Northern
SB. Co., the Great Northern R y’s lake connection. See V. 55, p. 322.
The Boston A Maine stock bought in 1892 was disposed of in May,
1893. (V. 56, p. 836.)
The Market street station in Philadelphia was opened in March, 1893.
H is t o r y , L eases , Ac.—The Philadelphia A Reading Company was
chartered April 4, 1833. Itleases anumber of roads m Pennsylvania;
also, the North Pennsylvania Railroad and Delaware & Bound Brook,
forming the line from Philadelphia to New York.
Receivers were in possession from May, 1880, to February, 1883, and
from June, 1884, to January, 1888. In February, 1886, the DrexelMorgan syndicate effected a reorganization without foreclosure. (See
plan V. 43, p. 747). V oting trust expired Aug. 1, 1892.
On Feb. 20,1893, receivers were once more appointed, the floating
debt having become unmanageable. The receivers are E. P. Wilbur,
President o f the Lehigh Valley, Judge E. M. Paxson and Joseph H.
Harris, President of the Reading. Mr. McLeod, resigned the presidency
on May 1. 1893. See V. 56. p. 311, 332, 465, 539, 580, 622.
The Lehigh Valley Railroad is leased for 999 years from Dec. 1,1891,
and dividends on its stock guaranteed—
see Lehigh Valley.
A traffic agreement with the Buffalo Rochester & Pittsburg was made
in May, 1892. See V. 54, p. 799.
Co a l P r o p er t ie s .—The Railroad Company owns all the stock
($8,000,000) of the Philadelphia A Reading Coal A Iron Company. In
December, 1892, an arrangement was made to have the Finance Comany of Pennsylvania become the commercial agents of the Coal A Iron
ompany, but it is said this arrangement w ill end when the Reading
receivers fare discharged. See V. 55, p. 1111; V. 56, p. 7 11. The
estates of the coal company aggregate upwards o f 194,000 acres, class
ified as follow s:
Coal lands owned (acres)— 95,144 I Timber lands owned (acres) 70,489
Coal lands leased (acres)___ 7,429 | Iron ore lands (acres)........ 21,000
g
Total area (acres)...................................................................194,062
Ca p it a l Sto c k .—T he dividends paid on Philadelphia A Reading
stock from 1870 to 1875, inclusive, were 10 per ceut each year; in 1876
2*2 per cent was paid and nothing since. In March, 1893, there were
$-4,833,000 third preference bonds, eonv* rtibl- into common stock.
On Dec. 1, 1892, company reported $39,830,362 stock outstanding;
N. Y. Stock Excliauge in May, 1893, $40,322,361.
P rice of Sto c k .—In 1886,18%®737 in 1887, 34®71% ; in 1888,
8;
44%®69; in 1889. 36®50 in 1890, 26*4®48%; in 1891, 257
8®43%;
in 1892, 38®65; in 1893, to May 19, inclusive, 2238®533i .
G u a r a n t ie s .—See S u p ple m e n t o f January. 1893.
B onds .—T he general warlgage 7s and 6s of 1874 for $24,686,000 and
other prior bonds are held alive as collateral security for the general
mortgage o f 1888. The consolidated 5s of 1882 are payable at par at
any time.
The general mortgage, and first, second and third preference incomes
(trustee of all, Pennsylvania Company for Insurance on Lives, etc., ol
Philadelphia) cover in addition to the 327 miles o f road owned the title
to leased lines (mostly leased for 999 years), all real estate, rolling stock
and vessels of the company, $8,000,000 Philadelphia A Reading Coal A
Iron Company stock, as w ell as the real estate o f that company, and,
subject to a mortgage to Philadelphia A Reading Railroad Company
dated July 1, 1874, stock In other coal and iron companies. An ab
stract of the general mortgage was in the Ch ro n icle , V. 46, p. 679, and
o f the preference income mortgages in V. 47, p. 141 and 142.
The total authorized issue of general 4s is $100,000,000; o f this
amount $44,353,000 was listed in March. 1893, and o f the bal
ance there was reserved for special purposes approxim ately the fol
low in g : To retire improvement bonds and bonds prior thereto, $33,421,700; for real estate mortgages, $1,894,000; for Coal A Iron Com
pany’ s land mortgages, $9,692,000; for securities of lines leased and
controlled, $10,555,000. This last amount is to beheld for the pur
pose mentioned till Jau. 1,1898, but thereafter w ill be applicable to
“ betterments, equipment and other after-acquired property.” The
N. Y. stocK Exchange on May 22,1893, reported $44,353J)00 outstand
ing, but on Dec. 1, 1892, the company reported only $40,586,189 to
have been issued.
In the income mortgages net earnings are defined as the profits o f the
railrostd company for each fiscal year ending Nov. 30 derived from
all sources, after paying operating expenses, taxes and existing rentals,
guarantees and interest charges (but not fixed charges of the same sort
j.
j.
J.
A.
J.
A.
&
*
A
A
A
A
Philadelphia A London. July, 1910
Phila., Of., 2278.4th St. July, 1910
J.
do
do
July, 1910
O.
do
do
Oct. 1, 1893
D. Cou. June,’93, to be pur. June 1, 1911
O. Cou. Apr., ’93, purcb. Oct. 1, 1897
j.
j.
May i , 1922
Jan. 1, 1958
Jan. 1, 1958
Jan. 1, 1958
Jan. 1, 1958
May 1, 1941
Feb. 1, 1902
May 20, 1942
July 1, 1942
Jan. 1, 1912
Irredeemable.
6
M. A S. Phila., Union Trust Co. 102,000 v’rlv
Q.—M. Phila., Fidelity Tr. Co. 120.000 y riy
5
5 6- Q.—F. Phila., P ro v’t L ife A Tr. 300.000 y’r y
5
4
5
5
5
5
5
5
5
g.
g.
gg.
g.
g.
gg.
g-
M. A N.
do
do
J. A J.
do
do
Feb. 1 5 p. ct. paid. Feb., 1893
Feb. 1 5p. ct.paid. Feb., 1893
Feb. 1 5 p. ct. paid. Feb., 1893
Q .-F . Phila., Prov. L ife A Tr.
do
do
F. A A.
M. A N. Phila., Guar. Trust.
Philadelphia.
j. & j.
J. A J.
do
do
, 6 * 7 Various Phila., Of., 227 8 .4th St. 1893 to 1904
do
do
6 g. Semi-an
Various, 1897
do
do
6 g.
Jau. 1; 1898
subsequently created); also, after deducting expenses o f “ renewing,
replacing and repairing its said property and premises, including such
reasonable improvements thereof and additions thereto as shall be nec
essary for the safe, proper and economical operation of the same ”
(V. 47, p. 256.)
The third preference incomes m a yb e increased to any amount “ for
value.” The company on Dec. 1, 1892, reported $18,249,216 out
standing, but how many have been sold since is not known. The float
ing debt statement, however, published in March, 1893, showed $3,744.000 to be pledged as collateral, while it is said $5,000,000 more
are deposited as security for the Lehigh V alley lease. See V. 56, p. 711.
Certain o f the third preference bonds are convertible at option ot
holders into common stock. See V. 50, p. 276.
In February, 1889, the first and second preference bonds received full
Interest, and the third 2% per cent. In 1890 only % of 1 per cent was
paid on the first incomes; in Feb., 1891, nil; in Feb., 1892, 5 per cent
on firsts and 4% per cent on seconds; in February, 1893, fu ll interest
on all three classes.
The term inal mortgage bonds for the construction of the Terminal
RR. are the Reading’s own bonds, and are secured by a m ortgage upon
all the property o f the Terminal Co. and by a traffic contract between
Reading and the Terminal Co. The trustee is the Provident L ife A
Trust Co. o f Phila. Amount authorized, $8,500,000. See V. 53, p. 391.
The ten-year sinking fu n d loan due 1902 is secured by $2,196,000
coal land mortgage bonds deposited with the Penn. Co. for Insurance,
Ac., the trustee. Thebonds are subject to call at par and interest.
As to the collateral trust bonds o f 1892 see V. 56, p. 43 Chattel mort
gages for $403,000 on equipment were reported filed in March, 1893.
F l o a t in g D ebt .—On Feb. 20,1893. th& receivers’ statement showed
floating debt secured by collateral $9,867,347; total floating liabilities,
including amounts due for coal, rentals, supplies, wages, etc., $18,472,838. total current assets, supplies, coal and money due for coal,
freight, etc., $15,779,784. See full statement V. 56, p. 437, 464.
D rexel A Co. and Brown Bros. A Co. agreed to purchase coupons o f
the improvement mortgage due A p ril 1, and also the interest of the
consol. 6s and 7s due June 1. They w ill also protect the second inort.
7s, amounting to $2,700,000, maturing Oct. 1 next. *V. 56, p. 502.)
G e n e r al F in an c es .—In September, 1892, and January, 1893, $3,981.000 general mortgage bonds were listed. The income account for
1891-92 showed full interest earned on all the preference incomes,
and this amount was paid, though the funds therefor had to he
borrowed, the earnings having been expended on the property. This
raised the floating debt to an amount beyond the power of the com
pany to carry and receivers were appointed. A reorganization plan is
in preparation. It is said it w ill provide for the purchase and funding
of five years’ coupons on the general mortgage and for an issue or
$30,000,000 o f 6 per cent collateral trust bonds secured by $10,000,000
general mortgage 4s, the $10,000,000 collateral trust bonds of 1892,.
etc. I t is also proposed to place the voting power on the stock in the
hands of trustees for five years. (V. 56, p. 711, 754.)
L atest E arning s .—F or four months ending Mar. 31 results were as
follows, the Coal Company report for 1892-93 including the Lehigh
Valley coal department. The combined results o f the railroad and
coal companies it w ill be seen were a deficit in 1892-93 of $421,160,
against a surplus o f $516,882 in 1891-92. (V. 56, p. 754.)
(a ) r a il r o a d c o m p a n y .
4 mos.
Gross earns.
Net.
Other inc. Charges, &c.
Balance..
1892-3....$7,164,520 $2,487,157 $132,184 $2,664,367 def. $45,026
1891-2 .... 7,218,104
3,148,003 160,161
2,575,801 sur. 732,362
(b) co al c o m pa n y [incl. Lehigh Valley Coal in 1892-3.]
4 mos.
Gross earns.
Net.
Chargestdc.
Balance.
1892-3.................$15,258,221
$103,202
$479,426 def.$376,134
1891-2.................
6,845,457
374,793
590,274 def. 215,481
A n n u a l R epo rt .— Fiscal year ends Nov. 30. Annual meeting is held
second Monday in January. Report fo r 1891-92 in V. 56, p. 59,80, 85,.
665.
1892.
Years ending Nov. 3 0 1890.
1891.
$4,267,021
$4,045,862
Passenger traffic.............
$3,898,261
Coal traffic.......................
9,305,536 > 17,250,083
18,272,167
7,210,380 )
Merchandise traffic.........
370,809
482,694
Miscellaneous..................
448,480
76,250
75,162
United States m ail...........
71,830
Income from stks. Abds.,
1,337,817
1,257,307
from steam colliers, Ac.
1,231,963
Total earn’gs RR. C o..
Operating expenses........
$22,166,450
13.901,188
$23,111,109
13,176,631
$24,324,065
13,656328
N et earnings RR. Co..
Net earnings C. A I. Co....
$8,265,262
df.151,158
$9*934,473
482,665
$10,667,237
1,273,148
$10,417,143
2,838,351
4,502,882
815,526
395,423
$11,940,385
2,840,098
4,669.992
1,060,328
187,989
Total net both Co’s---Rentals RR. Co.................
Interest RR. Co................
Interest Coal A Iron C o...
Sinking fund Coal A I. Co..
Total deductions.........
Balance, both companies.
$8,114,144
2,830,744
4,351,312
822,126
340,107
$8,758,898
$8,552,182
$8,344,289
def.$230,185sur.$l.864,96Isur.$3,lSl ,437.
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N E W ENGLAND R. R.
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R O UG H K E E P S !c BR IDG E.
AW
«*
118
INVESTORS’
SUPPLEMENT.
[Vol. LVI.
S u b sc rib e rs w i l l c o n fe r a g r e a t f a v o r b y g y v in g im m e d ia te n o tice o f a n y e r r o r d is c o v e r e d In tltese T a b le s .
Bonds—Prinel
RAILRO AD S.
IN TE R E S T OR DIVIDENDS.
Miles Date Sifce, or
pal,When Due*
Amount
Par
of
For explanation o f column headings, Ac., see notes of
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
C en t Payable
on first page o f tables.
Whom.
Dividend.
Phila. Read. <t New Duo.—Pref. stock, 5 per cent..
1st M., gold (See text.) guar. p. & i. (end).........<7 "58 1892 $1,000
1,000
58 1892
Do (4 p.e. till Sept.’95; then 5 p.c.) guar.p. A i.c*
___
58 1892
Do 5 peu fronts (See text) gold, guar. p. A i ...........
1892
1,000
58
Ino. M, non-cu., Ser.A,$1750,000; B,$2100,000.c*
12 1890
1,000
Dutchess County RR. 1st mort., gold. See text.c*
100
Phila. tf TroUon—Stock 10 p. c. rental, Penn R R . .
27
Philadelphia Wilmington d Baltimore—Stock.........
50
1875
1,000
Plain bonds, s. fund $16,000 yearly, not drawn, .r
1,000
Plain bonds, s. fund .$20,000 yearly, not drawn, .r __ _ 1880
Plain bonds..........................................................r
1887
1,000
1,000
Plain bonds....... -.................................................r
1887
.. 1891
1,000
Plain bonds, gold .................................................r
1892
1,000
Plain bonds, gold.................................................r
1,000
29 1886
Piedmont < Cumberland—1st mortgage, gold----c"
£
Pin* Greeks- 1st mortgage, guar, prill, an din t-----r
75 1885
1,000
Pittsburg Akron rf W.—1st M. $3,630,000, gold., .c* 105 1890
1.000
Pittsburg Chartiers it Youghioghcny—1st mortgage.
16 1882 500 Ac.
1,000
16 1892
Gen. M, $1,000,000, gold, gu. p.&i. (end.) Sec text.
___
Pittsburg Cincinnati Chicago <t St. Louis—Pref. st’k 1,083
100
1Chic. A G t East. 1st M. (Chic, to Logansport)..c* 117 1863-5 1,000
I CoL A Ind. Cent. IstM . (Colum. to Ind. A br.).c*
1,000
187 1864
1 CoL A Indianapolis Central 2d mortgage...... o*
1,000
208 1864
93 1865
1,000
[Union & Logansp’ t 1st M .(U’n City toLogans.)cA
1,000
Chic. St. L. A Pitts, cons. M. ($22,000,000) gold.o* 580 1883
Cincinnati Richmond A Chicago 1st m ortgage.. .
1.000
36 1866
JefPnville, Mad. A In. Is tM . (s. f. drawn at 110).c 222 1866
1,000
2d mortgage..................................................... e
222 1870
1,000
5Bteub. A Ind., 1st mortgage, extended in 1884.r 116 1864
1,000
\ Pitts. C. A St. L., 1st consol, m ortgage.........c&r 216 1868
1,000
TRAFFIC AND EARNINGS OF RAILROAD AND COAL A IRON COMPANIES.
$2,000,000
3,750,000
4 g. F. A A.
See text.
2,500,000
4-5g. M. A N.
do
to
do
5 g. M. A N.
3,850.000
5 g. Oct. 1 Phila.—when earned.
350.000
6 g- J. A D. Phila., Phil. A Read.RR.
1,259,100 lOperan. 0 ,- J . Phila., Company’s Office
11,819,350 See text. J. A J. Phila., 233 S. Fourth St.
800,000
6
A. A 0. Phil.Of.; Bost.,Kid.Peab
5
1,000,000
J. A 1).
do
do
1,000,OIK)
4
A. A O.
do
do
4
1,000,000
M. A N.IPhila,. 233 S. Fourth St.
930,000
do
do
4 g. J. A J.
1,000,000
do
do
4 g- A. A O.
650,000
5 g. A. A O. N ew York A Baltimore.
3,500,000
6
A. A O. N. Y. Gd. Cent. Station.
2,450.000
5 g. F. A A.
New York.
320,000
6
J. A D.
Pittsburg Office.
380.000
do
do
4 g. A. A O.
22,485,049 See text Semi-an N.Y.,Farmers’ L ’n A T r.
223,000
7
A. A O. N. Y., Union Trust Co.
2,631,000
7
J. A J.
do
do
780,000
7
M. A N.
do
do
715,000
A. A 0.
7
do
do
1,506,000
do
do
5 g* A. A O.
552,000
7
do
do
J. A J.
2,483,000
7
A. A O. N. Y ., Farm. L. A Tr. Co.
1,995,000
7
J. A J.
do
do
3,000,000
5
J. A J. N. Y., Nat’ l City Bank.
6,863,000
F. A A. Phila., Penn. RR. Office.
7
Nov.
Nov.
Nov.
Oct.
1.
1,
1.
1,
1942
1942
1942
1952
Jan. 3, 1893
Apr. 1, 1900
June l ’ 1910
Apr. 1, 1917
Nov. l j 1922
Jan. 1, 1926
Oct. 1, 1932
Aug. 1, 1911
Dec. 1, 1932
Apr. 1, 1940
Feb. 1, 1902
Apr. 1, 1932
Apr. l i , 1893.
1893 A 1895
Nov., 1904
Nov., 1904
Oct.
July
Oct.
July
Jan.
Aug.
1,
1,
1,
l'
1,
1,
1932
1895
1906
1910
1914
1900
$255,077; interest, Ac., $262,853; deficit, $7,775; total deficit to July
1,1891,8390,515.
*
Coal ca rr ied
Coal fro m
P it t s b u r g A k r o n < W e s t e r n . —Owns Akron, O., to Delphos, 165
fc
XPrchandisc lands o f G. < Cross re Net turnings
(tons o f
&
carried one I. Co.. Ions ceipts both o f both com miles; completed in 1892. Stook authorized, $4,230,000: par, $100.
2240 lbs.),
The Akron & Eastern has been incorporated in same interest to build
mile.
panies.
one mile.
2240 lbs. companies.
from Akron, O., to New Castle, Pa., 70 miles, o f which 11 miles report
ed built early in 1893.
1885.. 665,018,573 359,526,194
6,040,178 $34,343,501 $7,926,304
P i t t s b u r g C U a r t le r s Sc Y o n g l i i o g - n y . —Owns from Chartiers
727,179,462 398,862,487
1886..
6,209,202 35,683,096
7,335,603
1887.. 835,308,697 444,614,423
6,901,497 41,188,737 12,430,054 to Beechmont and branches, 16 miles in all. Stock authorized
$1,000,000; outstanding, $700,000, owned jo in tly by guarantors men
848,257,474 435,904,463
1888..
6,732,486 30,638,990
9,677,988
1889.. ^79,717,468 485,690,228
6,614,127 38,355,601
7,992,819 tioned below. T rustee of general mortgage for $1,000,000 is Fidelitv
1890.. 976,587,989 591,379,912
7,338,472 41,096,224
8,114,104 Title A Trust Co. of Pittsburg. Of the 4 per cents issued, or to be
1891.. 1,109,706,524 570,586,877
8,080,463 44,422,843 10,417,143 issued, one-half are to be endorsed with the guaranty of the Pitts
1892..
60,881,829 11,940,385 burg Cincinnati Chicago A 8t. Louis, the other h alf with the guaranty
of the Pittsburg & Lake Erie. 8ee guaranty, V. 56, p. 650. They are
—(V. 54, p. 665, 701, 721, 762, 799, 867, 887,906, 965,1010: V. 55, p. not subject to call before maturity. E arnings in year 1892 were gross
100,147,161, 178, 216, 331, 332, 374, 421, 463, 545, 639. 680, 704, $159,191, against $133,053 in 1891; net, $58,494. (V. 56, p. 127.)
723, 857, 927, 996,1111; V. 56, p. 42, 43, 59, 80, 82. 83, 8 5,165, 311,
P i t t s b u r g C in c in n a t i C h ic a g o Sc St. I i o u i s .—(See M ap.)—
332, 373, 374, 414, 437, 464, 502, 539, 665, 669, 711, 754, 793.)
Owns Pittsburg, Penn., via Columbus, O., to Chicago. 111., 504 m iles;
P h i l a d e l p h i a R e a d i n g Sc N e w E n g l a n d . —("See Map)■ R o a d Rendeomb Junction (near Cincinnati) to Anoka Junction, Ind., 166
—
—This company owns from Campbell Hall, crossing the Hudson R iver m iles; Logansport, Ind., to Illinois State Line. 60 m iles; Bradford
at Poughkeepsie by its own bridge, to Silvernails, 58 m iles; and leases J unction, O.. to Indianapolis, Ind., 104 m iles; Indianapolis to Jefferson
and oontrols Hartford A Conn. Western, Hartford to Khinecliff, 109 vUle (opposite Louisville, K y.), 108 m iles: branches, 141 m iles; total
miles; total, 167 miles; also assumed lease o f Dutchess Co. RR., from owned, 1,083 miles. Trackage; Lake Erie A Western, Indianapolis to
Poughkeepsie to Hopewell June., 12 miles, but in January, 1893, the Kokomo, Ind., 55 miles; Louisville Bridge Co., 2*s miles; terminal
Dutchess Co. was placed temporarily in receiver’s hands pending tracks in Columbus and Indianapolis, 1 mile; Cin. Ham. A Dayton RR.,
settlement of certain claims. See V. 56, p. 82.
1% miles; total trackage, 60 miles. Total extern proper, 1,143 miles.
Leases: Chartiers Railway, 23 m iles; Little Miami and dependencies,
Or g a n iz at io n .—A consol, in July, 1892, o f the Central New England
& Western and the Poughkeepsie Bridge companies, which went Cincinnati, 0., to Springfield, O., 84 miles, and Columbus, 0., via DayInto receiver’ s hands and wero reorganized by plan in V. 54, p. 597, ton, to Richmond; Ind., 108 m iles: Pittsburg Wheeling A Kentucky, 28
the Poughkeepsie Bridge being first sold in foreclosure June 30,1892. miles; Cincinnati Street Connecting Railway, 3 miles; Englewood
STOCK—The common stock is $4,600,000, all owned by the Philadel Connecting Railway in Chicago, 2 miles; other lines, 5 miles; also has
a join t interest with Terre Haute A Indianapolis in the St. Louis Vanphia & Beading, which operates the property.
dalia A Terre Haute, Indiana State Line to East St. Louis, 158 miles;
B onds .—The first mortgage is for $7,250,000, both principal and total leased, 411 miles. Grand total, Jan. 1,1893,1,554 miles.
interest being guaranteed by the Philadelphia A Reading; o f the
Organization , Ac.—This company was formed in 1890 bv consolida
amount authorized, $1,000,000 fives were reserved fo r future use, and
these were largely pledged as collateral; of the balance $3,750,000 are tion (per terms in V. 50, p. 875) of the Chicago St. Louis A Pittsburg,
the Jeffersonville Madison A Indianapolis, the Cincinnati A Richmond
4 per oent bonds and $2,500,000 bear 4 per cent for first three yoars,
thereafter 5 per cent. Both the first and income mortgages (Guaranty and the Pittsburg Cincinnati A St. Louis. Controlled by Pennsylvania
Trust A Safe Deposit Company, trustee), cover $1,390,000 Hartford Co. and Penn. RR. Co. through ownership o f stook.
Ca p it a l Stock .—The stock authorized is : Common, $45,000,000 •
< Conn. Western stock, etc. The provisions o f the income mortgage
fc
respecting payment of interest were in V. 55, p. 463. The Dutchess preferred, $30,000,000; par, $100. Outstanding Jan. 31, 1893, com
mon, $24,191,834; preferred, $22,485,049; also held in reserve for
Co. bonds were guaranteed principal and interest by P. R. A N E
which owns a majority of its stock. Paym ent of interest due May 1 on stocks old companies uuexcbanged, common. $673,635; prefeired,
P. R. & N. E. was deferred pending reorganization o f P. & R. It is said $633,874. Stock listed, common, $25,539,300, preferred, $24,000,000The preferred stook is “ non-eumulative and entitled to a dividend
that the first mortgage bondholders w ill be asked to accept for three
or four years, in lieu of the cash interest on their bonds, the $1,000 000 of 4 per cent per annum out of the net earnings as declared by the
Board, with the right after 3 per cent has been declared on the
S??* 2 ° rt« aee bonds held in the treasury, these last to be reckoned at
80. The net income of the property w ill then be applied to improve common to an additional 1 per cent, making 5 per oent in all.”
ments. 8ee V. 55 p. 177, 216, 463, 544, 680,724; V. 56, p. 207, 375,754. A fter 5 per cent has been declared in any year on both common and pre
M iU a c le lp b la & T r e n t o n . —Philadelphia (Kensington), Pa., to ferred, the tw o stocks share pro rata.
MoiTieville. Pa., and branch, 27 miles. On Dec. 1,1871, leased with the
Dividends on preferred: In 1891, 2 per cen t; in 1892, March, 2 p er
United Cos. of N. J. for 999 years to the Penn. RR., at 10 p. o. on stock. cent; Ootober, 2 per cent; in 1893, April, 2 per cent.
P rice OF Stock .—Common stook: In 1890,12®L4: in 1891, 121 a
g
Sc B a l t i m o r e . —Mileage as follows:
e;
PhUadclphia^iimm gton A Baltimore Railroad, 117 m iles; Philadelphia 291 in 1892, 11)@30% in 1893 to May 19, inclusive, 16@2 1
& Baltimore Central, 80 miles; Delaware Railroad, 117 miles; Queen
Preferred stook: in 1890. 50®55; in 1891, 48®68%; in 1892, 57%
^
^
KenA Ea,,lr^ ’ ?,6
Delaware & Chesapeake, 54 miles; @ 67% in 1893 to May 19, inclusive, 49%@62.
E xc h an g e of s to c k .— In the consolidation Pittsburg Ciu.ASt. L. first
Cambridge ASeaford Railroad, 27 m iles; Delaware Maryland & Virginia
98 miles ; Baltimore & Potomac. 97 miles ; Washington Southerm 35; and second pref. and common received $100 of new preferred for two
total operated, 651 miles. Practically owns Phila. A Baltimore Central shares ($50 eaoli) of old stock; Chicago St. Louis A Pittsburg Railroad
D iv id e n d s . Prom 1868 to 1887, inclusive, 8 ner cent was naid ■ in preferred received $66 66 new preferred and $33 34 new common for
each $100 share of old stock; Chicago St. Louis A Pittsburg old com
« * * » " ' ! 1889, 7 ; in 1890 6; in 1891,6; in 1892? Jan
In 1893, Jan., 4 p. o. In April, 1881, uearly the whole stock was pur- mon, exchanged for new common, share for share.
Unexchanged Jan. 31, 1893: Pittsb. Cin. A St. L. common, $470,650;
oliaeed by 1 ennsylvama Railroad, which now holds $10,890,950.
Chic. St. Louis A Pittsb., common, $638,267, anrl preferred, $98,003;
Bowdh.—T he 8700,000 of 6 per cents due Oct. 1,1892 were Daid Steubenville A Indiana, common, $92,239; other, $8,350.
and $1,000,000 4s issued for refunding, etc. The bonds are an to be
B onds .—T he consolidated mortgage for $75,000,000 (Farmers’ Loan
secured by any mortgage whioh may be issued on the road.
A Trust Co. of N. Y. and W. N. Jackson trustees) covers all the railroad
A n n u a l R e po r t .—Y ear ends Oct. 31. Report for 1891-92 In V 56 properties and equipment acquired, o rto bo acquired, as well as its fran
p. 126, showed gross earnings 89,437,802 ; net, 82,162,627- surplus chises. Consols for $20,813.000 are reserved for the purpose o f retiring
over charges, 81,033,183; dividends, $827,355. (V. 56, p. i gU) .
all sectional bonds. The Railway Company has agreed that it will,,
P i e d m o n t Sc C u m b e r la n d .—Road extends from Piedmont West at the time ot the m aturity o f the latter, pay them off, to the end that
the consolidated mortgage may become the first lien on the whole prop
Va., to Cumberland, Md., 29 miles. It connects with the West Virginia
* 1 ittsburg Railroad, by which it is operated. Penn. R lt Co erty. The remainder of the consolidated mortgage bonds are to be is
on Dec. 31,1892 owned $200,000 of the $650,000 sto ck -p a r $50 In sued from time to time for improvement of the company’s property,
•the purchase and construction o f additional railway and for other law
1891 gross $212,757; net $89,925; interest, etc., $39,705. "
ful purposes. The series A (Nos. 1 to 10,000, both inclusive) aud serins
B Nos. 10,001 to 18,000, both iuclusive, equaling $18,000,000 in all,
are guaranteed unconditionally as to principal and interest by the
Pennsylvania Company, in accordance with the vote o f its Board of
? S S » f " n Ne'y
Central; bonds are guaranteed.'1
by''thesetompardes Directors, and are so endorsed. Meries b N o s . 18,001 to 20,000, and
and the Corning Cowanesque A Antrim (now Fail Brook Uy. Co.) on the series C, Nos. 20,001 to 22.956, inclusive, had not been guaranteed as
oomHth." that guarantors shall advance money for interest if needed late as March 1, 1893. The three series are all equally secured. See
and take swond mortgage bonds for such advances. See form or guar- adv. Ch r o n ic l e May 21.1892, and guaranty, V. 56, p. 601.
-m H aoi
6,>0\ 1 1
are $142,000 seconds due in 1932, and June
E a r n i n g s , F i n a n c e s , A c.—T he interest charge for the year 1S92 was
f o i v 801’iH w Pv yav le ^ 357 ,6i58’ »*><*, $1,000,000 (par, $50), of which $2,323,594, a saving of $31,431 against 1891, as a result o f the re
1
July 1, 1892, 5. V. Central owned $999,000. In 1890-91 lessee’s funding of prior bonds into eonsol. 4Ljs.
From January 1 to Apr. 30 (4 months) in 1893 gross earni1gs showed1
6232^74 • dull O 8-00,86.-). Lessors report jn 1890-91: of road, &e.!
*81.809: rent Rental, Ac.,
$..32,67-1, T d ^it, R| o;S ,li}!**' f 770-°06:
a decrease of $131,150 and net a decrease o f $286,734.
Year
end'g
Nov.
it®
Sd is o n
fo o d ie
feherMftO
person Jc,
\
'S&rata
M lL
tO
CottrtrSjglH
''s4*e \ Oxford'
E om
lkh )
HoUyV
(
‘bO lflA
W j
PJalairell
wttt I# Creek
aCiidUihtc tja \
JOfieooluJc.
sy
1 \
^ > Il\
f,
Milton ap. y
JUao A r b o r
l,mnm
RAILROAD STOCKS AND BONDS.
Genovs'
(2lW
il
O M H A Noy
M S U TIO
PLYM u
O rj
G R AN D RAPIDS
AND
IN D IA N A
R. R.
Btn ntor
V c^ h w
[*w hl*itd
iiil«¥l)urgli
Butler
Pont fn ?
«
TOU
K^itoaj
[rrevoE N
P iix t o if lt oopatoni
HftVftna,
Alraaj
Danville
XlncoTtT
Tutcolni
fa«k»o^ V.
ifRlNGHEI
New Lfcsi&
gl/ois
Dayt^i
lorsvSJlL
p M
'aaliinsloo
<o*pmt
O Kamwew
’
> G\
U<
Il
[Alii tot
CKmieotb#
fM
\ COtUMOUOWortWnitoa
JtlSl*bomN *
N
UWI«8)
f.Vcrnt'ta
X tm m
Sardinia
'
^
M A P OF TU B
PITTSBURGH, CINCINNATI,
[OjJW
V IN C E N N j
i—*
I
I
[oaMweli
llaj-vtllic
Fiurfieur
lAtthl&f
TnmuroA
ivAOfV,
v CHICAGO & ST. LOUIS
\
It VITjW A X .
120
INVESTORS’
SUPPLEMENT.
[V c l . L V I,
S u b s c rib e rs w i l l c o n fe r a g r e a t fa v o r b y g i v i n g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d In tliese T a b le s .
Bonds—Princl
R AILR O AD S.
IN TE R E S T OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
Par
of
of
For explanation o f column headings, <fec., see notes
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
on trs t page o f tables.
Payable
whom.
Dividend.
Pills. (Jinn. Chic, d- SI. Louis—(Concluded).—
Pitts. Cin. Ch. & 8t. L. cons. M., “ A,” gold. (
)
do
d o.
“ B,” gold .} ® g > 1,083
do
do
“ C,” gold.
)
Car trusts (5 per cents mature in 1893)............
78
Pittsb. Clcve. & Toledo—le t M.f gold, int. guar. B.&O..
Pittsburg d Connellsville—See B a lt im o r e & Oh io .
Pittsb.Ft. Wayne & Ch ic.—Stock, 7 p. ct. guar. Pa. RR. 470
Guaranteed special imp. stock, 7 p. c. guar, by end 470
1st mortgage, series A to F } Sink, fund, cumula- }
468
2d
do
series G to M $ ti ve, not drawn, o* $ 468
468
3d mortgage..........................................................
Pittsburg Junction—1st mortgage, gold...............c*
8
Pitts. June. Terminal 1st M „ gold, guar. p. & i . .. ....
Pittsburg d Lake Erie—Stock..................................
. ...
71
1st mortgage, gold..............................................c
71
2d mortgage, gold, Series A. & B ........................c
__
_
Pittsburg McK. d Tough.—Stock guar., see te x t......
57
1st mortgage, guar, by P. & L. E. and L. S. & M. S.c
2d M.,guar. p.&i. (end) by P. &L. E.and L.S. &M. S.
57
McKeesport & Bellevemon, 1st M., gold, assumed
28
15
Pitts. Ohio Tal. d Cin.—1st M. gold, s. f. not dra.c*
Pittsb. Painesvilled Fairport—1st M., gold, int. gu.c*
63
___
Terminal mort,, interest guar, by Pittsb. & West.
Pitts. Shenango d Lake Erie.—1st M., gold............O'
143
Pittsburg Virginia d Charleston—Stock...................
let-mortgage, gold.................................................
Pittsburgh Western—Int M., Pitts. Newcastle & L. E.
1st mortgage for $10,000,000, gold................... c
2d mortgage for $3,500,000, gold .................... cw
Foxburg Bridge Co. 1st mortgage, guaranteed...
Pittsburg Youngstown d Ashtabula—Common stock
73
73
___
226
226
125
(1890 $1,000 $10,000,000
\ 1892 1,000 10,000,000
(1892 1,000
2,956,000
419,480
__ _
1882
2,400,000
100
100
1871
1862 500 &c.
1862 500 &c.
1862 500 &C.
1,000
1882
....
. ...
___
50
1,000
1878
1,000
1889
1884
50
1882
1,000
1884
1,000
1888
1,000
1,000
1890
1886
1,000
1889
1,0 00
1890
1,000
1893
50
1882
1,000
1878 500 &c.
1,000
1887
1,000
1891
1882
. ...
50
....
4>y g.
4% g.
4*3 g.
4 &5
6 g.
A. & O. X. Y.,Farmors’ L ’ n & Tr. Oct. 1, 1940
A. < 0.
fc
do
do
Apr. 1, 1942
M. & N.
do
do
Nov. 1, 1942
Various dates.
A. & 0. N. Y., Cent. Trust Co. Oet. 1, 1922
19,714,286 1 per an. Q .-J . N. Y., Winslow, L. & Co.
14,374,289 7 per an. Q .-J .
do
do
5,250,000
7
Various
do
do
5,160,000
7
Various
do
do
2,000,000
A. & O.
7
do
do
1,440,000
fc
6 g. J. < J. N. Y., 3d N. B. & Pitts.
500,000
5 g. A. Jt O.
4,000,000 See textvF. & A. Pittsburg, Co.’s Offioe.
2,000,000
do
do
6 g. j . & j .
2,000,000
5 g. A. & O. N. Y., Security & Tr. Co.
4 ,0 0 0 ,0 0 0 6 per an. j . & j . X. Y ., Union Trust Co.
2,250,000
6
J. & J.
do
do
900,000
6
j. & j .
do
do
600,000
6 g. j . & j . Pittsb’g, Fidelity Tr.Co.
300,000
5 g. A. & O. Phil.,Pa.RR.,233 8o.4tb
1,000,000
5 g- J. & J. X. Y., Mercantile Tr. Co.
250,000
5
j. & j .
do
do
3,000,000
5 g. A. & O. N. Y., Central Trust Co.
2,024,750
3,000,000
219,000
9,700,000
3,500,000
100,000
1,333,342
Apr, 4, 1893
Apr. 1, 1893
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1922
Oct. 1, 1907
Jan 31, 1893
Jan. 1, 1928
Jan. 1, 1928
July 1, 1892
July 1, 1932
July 1, 1934
July 1, 1918
Oct. 1, 1920
July 1, 1916
July, 1916
Oet. 1, 1940
1942
5 per an. May.
Philadelphia Office.
May 1, 1893
5
A. & 0.
do
do
Sept. 1, 1912
7
J. & D. Allegheny,Pa.,IstN.Bk. June 1, 1898
&
4 g. J. & J. N. Y., Drexel, M. < Co. July 1, 1917
do
do
5 g- M. & N.
May 1, 1941
6
M. & S. X. Y\, Union Trust Co. Sept. 1, 1902
See text. M. & 8. N. Y., Farm. L. & Tr. Co. Mch.27, 1893
P i t t s b u r g C in c in n a t i C h ic a g o 6c St. L o u ts .—(Concluded.)— to N. H aven,Pa., 57 m.; McKeesport to B ellevem on,28 m.; branches, 5
■n.; leases 3 m.; total, 93 miles. Road opened November, 1883, and
a n n u a l R e t o r t .—Report for 1892 was in Ch r o n ic l e , V. 56, p. 461.
in 1890 consolidated with McKeesport & Bellevernon.
Tear ending Dec. 31.
1890.
1891.
1892.
L ease .—Leased to Pittsburg & Lake Erie RR. for 999 years. Rental
Miles operated (system proper)
1,144
1,142
1,143
is 6 per cent on the stock, principal and interest of the Pittsburg McK.
Gross earnings.........................$15,452,932 $14,895,591 $16,173,589 & Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake
Operating expenses................ 11,465,489
10,939,808
12,260,984 Shore & Michigan Southern companies, the guaranties being endorsed on
The
on the
$3,987,443
$3,912,605 the share certificates and bonds. shallguaranty o f the stock ison July
$3,955,783
express condition that the holder
accept par for the same
$3,991,889
$3,961,946
$3,912,605 1, 1934. See wording of guaranty in V. 56, p. 774. Profits to lessees
N et earns, of L. Miami & oin 1891, $13,643, of which one-half was payable to the Lake Shore &
profits St. L. V. & T. H .......
387,185
483,983 Michigan Southern.—(V. 52, p. 126; V. 56, p. 403, 774.)
367,171
P i t t s b u r g O h io V a lle y 6c C in c in n a t i.—Owns road from Bell$4,379,074
$4,329,117
$4,396,588
$2,564,390
$2,323,594 aire, O., to Powhattan, O., 15 miles. Operated for cost by Pennsylvania
$2,358,025
Company in connection with Cleveland & Pittsburg from Dec. 1,1892.
Rentals paid............................
833,655
802,053
802,084
Car trusts (including Interest).
155,412
144,826
102,214 Stoek authorized $1,500,000: outstanding, Jan. 1, 1893, $300,000;
par, $50. Trustee of rnort; (for $1,500,000), Fidelity Ins., etc., Co o f Phila.
Interest on L. Miami securities
79,444
79,444
Dividends on preferred............
(3) 669,574
(4) 896,847
P i t t s b u r g P a in e s v ille 6c F a i r p o r t .—Owns from Fairport, O.
Miscellaneous.........................
71,199
7,736
5,682 to Youngstown, etc., O., 63 miles. Operated at oost by Pittsburg & West
ern, but interest of bonds is guaranteed. Common stock, $800,000; pre
Bal.,sur. (over div.in’91 and’92)
$674,974
$267,459
$266,167 ferred, $250,000 (par, $50), of which in 1892 the Pittsburg & Western
- ( V . 54, p.407, 561, 587, 8 85,889, 965; V. 55, p. 100, 257,1036 ; V. purchased all the common and $160,000 preferred. In year ending
March 31, 1891, gross earnings, $293,578; net, $61,440; deficit under
56, p. 207, 461.)
P i t t s b u r g C le v e la n d 6c T o le d o .——From Newcastle Junction, oharges, $4,978, against surplus of $36,143 in 1889-90. (V.52,p. 795.)
P i t t s b u r g S lic n a n g o 6c L a k e E r i e .—(See M ap.)—Owns from
Pa., to Akron, O., 77 miles. Stock, $3,000,000 (par$50), of wliicli Balt,
< Ohio RR. owns $1,505,000. Leased in July, 1884, for 99 years to Butler, Pa., to Girard, Pa., or Wallace Junction, 107 miles; branches to
fc
Conneaut, etc., 37 miles; to terminals, Erie, Pa., 4 miles; leases M eadville
Pittsburg & Western. The Baltimore & Ohio guarantees interest on the
bonds (see terms in V. 39, p. 607.) From Jan. 1 to A p ril 30,1893 (4 C onneautLake& LinesvilleR R., Linesvilleto Meadville, 21 miles; track
months), gross earnings were $242,662, against $187,227 in 1892. In age, N. Y. Chic. & St. L., to Erie, 10 miles; total operated, 178 miles.
Or g a n iz a t io n , E tc .—Reorganized in Oct.. 1890, after consolidation
year ending June 30,1892, gross earnings, $585,163 : net, $102,751 ;
deficit under interest, $41,249. Loans and bills payable were $3,072,'- with other companies. In April, 1893, consolidated with the Erie Term’]
and the Conneaut Terminal Co’s, the latter having been incorporated
692 in February, 1893.
in December, 1892, to build extension to Lake Erie, etc. The capital
P i t t s b u r g 6c C o n n e l l s v i l l e . —(See B a lt im o r e & Oh io .)
stock o f the consolidated company is $4,800,000, and there will be is
P i t t s b u r g F o r t W a y n e 6c C h ic a g o .—(See Map Penn. R R .) — sued a consolidated mortgage for $4,800,000 to retire the mortgages of
R o ad .—Owns from Pittsburg, Pa., to Chicago, 111., and br., 470 miles.
the constituent companies.—(V. 56, p. 841.)
E arnings .—From Jan. 1 to Apr. 30,1893, gross earnings, partly esti
L ease , & c —Foreclosed Oct. 24, 1861, and reorganized. From July
1,1869, leased in perpetuity to the Penn. RR. at a rental equivalent to in mated, were $116,993, against $113,713 in 1892.
In calendar year 1892 gross earnings were $390,903, against $336,terest, sinking fund o f debt and 7 per cent on $19,714,286 stock. The
sees keep the road in repair and also pay taxes, expenses, s e c . 955 in 1891; net, $156,821; rental, $10,917 : interest. $141,212; bal
The rental and interest charge is about $3,390,000 per year, and the ance, surplus, $4,692.—(V. 54, p. 120, 526, 598, 1048 ; V. 56, p. 841.)
profit to lessees has been large. The road is now operated by the
P i t t s b u r g 6c W e s t e r n .—( See Map o f Baltimore & Ohio.)—R o ad —
Pennsylvania Company. The Pittsburg Fort Wayne & Chicago leases Owns from Alleghany City, Pa., to New Castle. Pa., 64 miles; Callery
theNewcastle & Beaver Valley, 15 miles, and the Massillon & Cleve Junction to Mount Jewett, 139 miles, (of which 124 miles narrow
land RR., 12 miles, both operated in the Pennsylvania system.
ga u ge); branches, 9 miles; total owned, 212 miles. Leases for 99 years
Ca p it a l Sto c k .—The special improvement stock is issued to Penn Pittsburg Cleveland & Toledo, N ew Castle lunotion. Pa., to Valley
sylvania RR. for improvements, &c., under article 16 of lease, which Junction, O., 77 miles. Proprietary lines, Pittsburg Painesville & Fairprovides that the lessor may issue special bonds or stock. See V. 50 p port Railroad, Niles to Fairport, in Ohio, 54 miles and Windsor branch,
139, and wording of endorsement in V. 56, p. 774. O f this stock the 9 m iles; others, 19 m iles; trackage, 26 miles; total operated, 398 miles.
Penn. RR. Jan. 1, 1893, owned $1,472,512, aud Penn. Co., $7,543,176
O r g a n iz a t io n , E tc .—Sold in foreclosure June 8.1887; new company
mortgage is in six series, lettered A toF inclusive, ol organized June 25 according to plan in V. 44, p. 370. In Feb., 1891. the
$875,000 each series, the interest on “ A ” series being payable January Baltimore & Ohio bought $6,050,000 common stock, and is preparing
and July; on “ B,” February and August; on “ C,” March and to use the road as part o f a through route to Chicago. Allegheny &
September; on “ D,” A p ril and October; on “ E,” M ay and Lawrence RR. is to be built from Bryant to Moravia, Penn., 40 miles,
November, and on “ F ,” June & December. The second mortgage is to shorten this route and lessen the grade. V. 55, p. 237.
also in six series of $860;000 each, lettered G to M inclusive (J omitted),
Sto c k .—Common, $8,500,000, and preferred, $5,000,000, 5 per cent
and the interest is payable January and July on “ G” series; February
and August on “ I I ” ; March and September on “ I ” ; April and October non-cumulative; both in $50 shares. Control held by Baltimore & Ohio.
Common stock was increased $1,500,000 in 1892 to purchase $960,000
OR ,,K ’ I May and November on “ L,” aud June and December on
M.
Lessee pays $104,100 yearly to sinking fund, and if bonds stock o f the Pittsburg Painesville A Fairport, $1,300,000 (of the $1,500.cannot be purchased, funds accumulate. Of the above 1st mortgage 000) stock o f the Allegheny & Lawrence (see “ organization” above),
bonds, $2,2b2,o00, and o f the second mortgage $2,585,500, and$l,56§,- and $382,500 Trumbull & Mahoning securities. V. 55, p. 332, 680.
B onds .—For abstract of first mortgage (trustee. Mercantile Trust
686 cash, were held m the sinking funds Jan. 1,1893.
E ar n in o s .—I n 1892 gross, $12,769,832 ; net, $3,576,738 ; profit to Company) see V. 45, p. 439. Second mortgage for $3,500,000 is a first
lessee, $290,388. In 1891 gross, $11,659,144; net, $4,178,560; profit lien on terminals at Youngstown, Ohio, and on 12 miles o f new double
track road under construction along the Mahoning River. See V. 52 u
to lessee, $946,138. (V. 52, p. 498, 9 38; V. 56, p. 774.)
9
238, 499, 762; V. 56. p. 625.
.
J u n c tio n .—Owns 8 miles o f tracks (including sidings,
In addition to the above indebtedness there were outstanding in 1892
&c.) at Pittsburg, Peno., connecting the Balt. & Oiiio and the Pittsburg
$81,000 of old Pittsburg & Western first mortgage bonds, due 1900, real
& Western, winch companies in 1882 agreed to pay the Pittsburg
estate mortgages for $315,375 ; car trusts, $448,207. Interest is guar
anteed on $1,250,000 Pitts. Painesville & Fairport bonds.
E arnings .—From Jan. 1 to May 7, 1893 (4H months), gross earn
o f 7 per cent have been paid on preferred stock.
ings total system were $855,775, against $767,597 in 1892.
For year ending June 30, 1892, gross earnings were $2,402,565; net
,
* L a k e E r i e . —Owns from Pittsburg, Pa., to Toungs%
.b8,m llea; j-’/'R'U'1 line to Newcastle, P a , 3 m iles; total owned, $462,327; interest and taxes, $808,487; deficit, $346,160; if to this
'
is added amount charged to operating expenses for extraordinary ex
<1
* leases tlie Pittsburg McKeesport < Youghiogheny RR
&
n ttsh n rir
K aw R n m n Po
. \ i ............ * 7
,, J
penditures on account, of equipment ($379,920) surplus for year would
be $33,759. (V. 55, p. 100, 147, 257, 332, 680, 895; V. 56, p. 625.)
F i t t s Ini r g Y o u n g s t o w n 6c A s h t a b u la . —Owns Kenwood, Pa.,
$2,000,050 stock. Dividends 1884 to February,^892,^inclusive, (i'per to Ashtabula Harbor, O., 99 miles; Niles to Alliance Junction, O., 25
•cent y e a rly; in August, 1892, 5 p. c.; in 1893, January, 5 p. c.
P
miles; Canfield Branch, 1 m ile; trackage, 3 miles; total operated, 128
miles. A consolidation of the Ashtabula & Pittsburg aud other roads in
aiB« o o a ? 8,Y I,li J o f " 1892 * ross caruiik s were $4,350,126; net, 1887. Leased from December 12, 1887, to Pennsylvania Company,
&01
earnings, $3,757,207; net, $926,830; interto fitts b . McK. & Y „ $469,027; one-half profit on which Jan. 1, 1893, owned $375,000 common and $1,550,000 pre
Pittsbur0 M cK .& Y. paid to Lake Shore & Michigan Southern, $6,821 ferred stock; rental net earnings. Stock authorized—Common, $2,000,
000, and preferred, $2,000,000; both in $50 shares.
D iv id e n d s .—On preferred stock at rate of 7 per cent yearly since
S T 'd jv .^ s ifp f 6413;889?> 56?p.^3750Olm ^
V.8’
CUi^ °
1887; on common, in September, 1890, 2 a,per cent; in Septem ber,
P i t t s b u r g J lc K e e s p o r t 6c Y o u g h i o g h e n y . —Owns from Pitts. 1891, 3 per cent; in 1892, March, 3; Sept., 3; in 1893, March, 3 p. o.
RAILROAD
Ma y , 1863.]
STOCKS AND
BONDS,
121
Broetoi
[»y*ille
JameslMln
W A L L A C E JC.
Girard
£ **•*/ ,
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m e a o v il l e
DnKrtnga
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3="'': llT C '
ca*uro»v
.
bbom ersaI
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S !**«>«
itU
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m a p o p
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PITTSBURG, SHENANGO
ASD
Call try 4c.\
M&rA
Jtowtot&rIttel
X pcriB
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SBURCH
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C O S N E C T I0 S 3 .
'Slairsuitle
193
INVESTORS’ SUPPLEMENT.
[Vol. LVI.
S iibscrlb e rji w i l l c o n fe r a g r e a t f a v o r by g i v i n g Im m e d ia t e n o tice o f a n y e r r o r d is c o v e r e d I n th ese T a b le s ,
IN T E R E S T OR DIVID E ND S.
R AILRO AD S.
Milos Date Size, or
Amount
Rata per When
Par
of
of
For explanation of column bendings, Ac., see notes
Outstanding Cunt. Payable} Where Payable, and by
Whom.
Road. Bonds Value.
on tirst page of tables.
pills. Young. d Ash.— ( Con.)—Preferred stock
Lawrence KR. 1st mortgage.........................
Ashtabula A Pittsburg le t mortgage............
Consol, mort. (for $4,000,000) s. f. 1 p. o.,not dr.C
Pontiac Orford d Northern.—Stock.......................
Pt. Jervis ilonlicellu & .V. l r.—1st M.,g($10,000 p.m.)
PortRoyal d Angus.—lstM.and2<lM.,end.byc;en.Ga.
General mortgage incomo bonds, gold.............. o*
Port Royal d lYcsl Carolina—Augusta A Knox. M.o’
Consol. M. for $2,500,000, redeemable at 110.. e*
Portland d Ogdensburg—tieo M a in e C e n t r a l .
Portland Saco d Portsmouth—Stock (guar, by rental)
Portsmouth d Dover—Stock, 6 p. e. guar. East. Mass.
Potomac Talley—1st M.$2,<X>0,000,gold,guar..o*Ar
Prescott d Arizona Central—1st M., g, 8.f. not drn.o
2d mortgage, incomes...........................................
Prospect Pa rk d Coney 1st.—lstM .convertible.c*&r
2d mortgage for $500,000.............................c 'A r
3d mortgage for $200,000 gold..................... c*Ar
Providence d Springfield— 1st M. gold, guar., p&i.c'
Providence d Worcester—Stock (10 per cent rental).
1st mortgage......................................................o*
Quincy Omaha d Kansas City—Pref. 1st mortgage.
1st mortgage— l.'t..............................................
Raleigh d Augusta—1st mortgage, funding......... c*
Raleigh d Boston—1st mortgage.............................c
Seab. Air Lin eE q. bonds, Ser. AAB, (Lj Issue)....
Reading d Columbia—1st mortgage (extended) ..c*
2d mortgage, coupon (extended In 1884)........... c
Debentures.......................................................... c
Lancaster & Reading 1st mortgage................... c*
125
17
62
125
100
1865
1878
1887
1887
20 1891
112 ’78-’82
112 1878
68 1880
227 1887
51
11
15
73
73
10
10
10
23
51
51
134
134
98
97
1891
1886
1886
1874
1886
1891
1892
1877
1887
1887
1886
1873
1890-1
40 1862
40 1864
1877
15 1873
$50
1,000
1,000
1,000
100
1,000
1,000
500
100 Ac.
500
1,000
$1,700,000 7 per an. M. & S. N. Y., Far. L. & Tr. Co.
F. & A. N. Y., Winslow, L. & Co.
310,000
7
1,500,000
6
F. & A. Phila., Fidelity Tr. Co.
1,562,000
5
M. A N. N. Y., Farm. L. A Tr. Co.
1,000,000 3 in 1891 ....
New York Agency.
364,000
6 g. J. & D.
1,500,000
5 g- J. & J. Pliil.,PennCo.for Ins.&o
362,000
6
J. A J. N. Y. Security & Tr. Co.
1,500,000
6
J. & J.
do
do
630.000
J. & J. July,’92, coup.last paid
7
M. & N.
1,870,000
6
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
100 Ac,
1,000
1,000
100 Ac.
1,500,000 6 per an. J. A J. Boston, Treasur. Office.
769,000 6 per an. J. & J. Portsmouth, Treasurer.
500,000
5 g. J. < J.
ft
Baltimore.
775,000
6 g ■ J. A J. N. Y., Atlantio Tr. Co.
775,000
6
J. A J. N. Y., when earned.
J. & J. 1st Nat. Bank of Br’klyn
500,000
7
F. & A. Of.,4 Court Sq. Br’kiyn.
420,000
6
do
do
96,000
6 g. M. & S.
750,000
J. A J. Providence,Globe N.Bk.
5 g.
3,500,000 10 per an Q .-M .
Providence, Office.
A. & O. Prov.,R.I.Hosp.<feTr.Co.
1,500,000
6
5
250,000
J. & D. June’90 coup, last paid.
3, 4 ,5 J. & D.
1,489,240
..........
1,000,000
6
J. A J. Balt.& Phil. Mech.N.Bk.
J. & J. Balt„& Phil. Mech.N.Bk.
1,000,000
8
J. & IX Balt.Mero.Tr.& Dep.Co.
5
212,500
M. & 8. Phila., Phil. < Read. RR.
fc
650,000
5
do
do
350,000
5
J. A D.
6
1,000,000
J. & J. Phila., Phil. A Read. RR.
350;<X>0
7
B o nds .—B onds of 1887 (trustee, Farmers’ Loan & Trust Co.) are re
served to retire divisional bonds. A sinking fund o f 1 per cent pur
chases bonds of 1887 at p ar; otherwise payments lapse.
E ar n in g s .—From Jan. 1 to April 30,1893 (4 months', gross $364,
242, against $394,265 in 1892; net. $113,147, against $148,159
in 1891. In 1892 gross earnings, $1,453,255; net, $546,542; interest
on bonds, $189,800; other charges, $15,494; dividends (6 per cent on
oommon,7 on preferred), $198,702; balance, surplus, $142,546. In
1891, gross, $1,299,097; net, $484,875.
P la n t System ,—See Savannah F lorida & Western
P o n t ia c O x fo r d Sc N o r t h e r n .—
Operates road from Pontiac,
Mich., to Casevilie, Mich., 100 miles. Successor to Pontiac Oxford A
P ort Austin RR., sold in foreclosure in 1889. In year 1891 gross earn
ings were $107,106; not, $25,141; dividends (3 per cent), $30,000;
baianoe, deficit, $4,858. President, Geo. W. Debevoise, N ew York.
P o r t B o ya I & A u g u s t a .—Owns from Port Royal, S. C., to Augus
ta, Ga., 112 miles. Formerly Port Royal RR., sold in foreclosure June
6,1878. The Georgia RR. was endorser on $500,000 of the old bonds.
The stock is $750,000, par $100, and Central Ga. July 1, 1892, owned
$401,500 stock and $1,176,600 general mortgage bonds. The tirst
mortgage bonds are $250,000, redeemable at 105; both firsts and sec
onds also have sinking funds. The Central of Georgia is in receiver's
hands, but interest on P. R. & A. bonds due July, 1892, and Jan., 1898,
was paid at maturity. In May, 1893, J. H. A vcrill was made receiver
of the P. R. & A. in the suit brought by the State of South Carolina.
From January 1 to Dee. 31 (12 months) in 1892 gross earnings were
$238,718, against $359,749 in 1891.
In year ending June 30,1891, gross earnings were $364,707; net
$73,935; surplus over int. and sinking fund, $36,215. (V. 56, p. 207, 836.)
P o r t B o y a l Sc W e s t e r n C a r o lin a ,—Owns Augusta, Ga., to
Spartanburg, 8. C., Laurens to Greenville, 8. C., and McCormick to
Anderson, 8. C., 227 miles. A consolidation in 1886 of the Augusta
& Knoxville. Ac. Interest on Augusta A K noxville bonds due Jan. 1,
1893, went to default. Foreclosure suit was instituted in Mav, 1893.
Stock common, $1,234,000 and 6 p. c. non-oum. pref., $184,000—par
$100. Central RR. o f Georgia July 1, 1892, owned $1,767,000 of the
above bonds, $694,000 common stock and all the preferred. (See
Central of Georgia. From January 1 to Dec. 31,1892 (12 months),
gross earnings $297,167, against $394,784 in 1891. In year ending
June 30,1891, gross $428,126, against $380,291 in 1889-90 ; net over
expenses, betterments and taxes, $7,155, against $9,703; charges,
$156,300.
P o r t B e a d in g .—Owns 20 miles of road, completed in 8 pt. 1892.
from Bound Brook, N. J.. to Staten Island Sound, where extensive
terminals will he established. ( apital stock authorized $2,000,0 0 0 outstanding, $1,565,000, par $100. The Philadelphia A Reading RR.
Co. guarantees the bonds, priucioal and interest, by endorsemeut on
each bond. In February, 1892, leased the Central RR. of New Jersey,
but in August, 1892, the lease was adjudged illegal. (V. 54, p. 762 ;
V. 55, p. 545, 639, 680.)
P o r t la n d Sc O gd en s b u r g .—See Maine Central .
P o r t la n d Saco Sc P o r t s m o u t h .—Portland, Me., to Portsmouth,
N. H., 51 miles. I t was leased May 4,1871, in perpetuity to the Eastern
Railroad, Mass, (now merged in Boston A Maine), at 10 per cent od
stock. Lease rental changed May 21,1877, and now 6 per cent
P o r t s m o u t h Sc D o v e r . —Portsmouth, N. H., to Dover, N H . 10
miles. Opened February 1, 1874, and leased for fifty years to Eastern
New Hampshire at 6 per cent per annum on the stock, rental guaran
teed by the Eastern RR. o f Mass. Leaso assumed by Boston A Maine.
P o t o m a c V a lle s'.—This company, controlled by the Western Mary
land, was organized in 1890 to build connecting links between that sys
tem and the Baltimore A Ohio and Philadelphia & Reading. Its road
was completed from Williamsport, Pa., to Cherry Run, W. V a „ on the
B. A O., 15 miles, in July. 1892. Road also buildiug or to be built under
oharter of "Baltimore A Hairisburg RR.. Eastern Extension” from Por
ters’ Station on the Western Maryland to the Philadelphia A Reading
RR. near Marietta, Pa., 29 miles, and from Thomasville, Pa. to the
Philadelphia Harrisburg A Potomac ItR., 8 miles west of Harrisburg.
21 miles, making toial mileage 65 miles. A ll the securities of the Bal
timore A Harrisburg Eastern Extension are owned by the Potomac
Valley and pledged under its mortgage. Tho property is leased to tiie
Western Marylaud, and tho bonds have principal and interest guaran
teed. jointly and severally, by tho Western Maryland RR. Co. and the
Baltimore A Hurrisburg Rll. Co., and are so eudorsed. They are also se
cured by traffic contracts with these companies. (V. 52, p. 121)
P resco tt & A r iz o n a C e n t r a l.—Owns from Seligman, on the
Atlantio A Pacific Railroad, to Prescott, Arizona, 73 miles Stock
$1,200,000. Central Trust Company of New York is mortgage trustee’
The bonds may be purchased for sinking fund at not exceeding 1 LO
but cannot he called. See V. 48, p. 233. Interest on incomes has been’
paid as follows ; In 1890, 4 per cent; iu January,1891,2 4»poroent;n 1892 and 1893, nil. From January 1 to July 31, 1892 <7 months)
a'ross earnings were $74,496, against $75,016; net, $12,972, against
t 22,547. In 1891 gross earnings were $139,822 ; net, $60,907, against
$82,269 m 1890 ; rentals, taxes, and interest on first mortgage $59 200 ; surplus, $1,617. Office. 42 Wall Street.
’
Slocks - Last
Dividend.
Mar.
Aug.
Aug.
Nov.
Dec.
Jan.
1898
Jan.
July
May
27,1893
1, 1895
1, 1908
1, 1927
(1)
1,
1,
&
1,
1,
1,
1927
1941
1899
1899
1900
1937
Jan. 15,1893
Jan. 1, 1893
Jan. 1, 1941
Jan. 2, 1916
Jan. 2, 1916
Jan. 1, 1895
Feb. 1, 1926
Mch. 1, 1931
July 1, 1922
Mar. 31, 1893
Oct. 1, 1897
Dee. 1, 1917
Dec. 1, 1917
Jan., 1926
Jan. 1, 1898
$25,000 J ’n e l
Mch. 1, 1912
June 1, 1904
Deo. 1, 1917
July 1, 1893
P r o s p e c t P a r k Sc C o n e y I s l a n d . —Owns from 9th Avenue and
20th Street, Brooklyn, to Coney Island, etc., 6 miles. Leases to Coney
Island Point, etc., 2 ^ m ile s ; other. 1 m ile; trackage, P ark vllle to Bay
Ridge, 3'a m iles; total operated, 13 miles. Stock is $250,000; par,
$100. The Long Island RR. stockholders voted January 24, 1892, to
acquire controlling interest in stock. It is expected that the debt will
be readjusted, and new bonds, bearing lower rate o f interest, be issued
to retire old securities. See V. 56, p. 42.
In addition to bonds as above there are $250,000 non-oumulative
6 per cent incomes due May 1, 1920, which are not seoured by
mortgage, and on July 1, 1892, $155,800 loans and bills p ay
able. The company sold its horse-oar property and franchises
to the Atlantic Horse RR. Co., and holds a 5 per cent bond and mort
gage of that company for $120,000. In 1891-92 gross earnings were
$159,387, against $158,267 in 1890-91; net, $29,567; net Including
income from rents, $70,457 ; charges, $90,218 ; deficit, $19,761. Total
deficit Juno 30, 1892, $110,232.—(V. 55, p. 3 7 2 ; V. 56, p. 42. 164.)
P r o v id e n c e Sc S p r in g fie ld .—Providence, R. I., to Pascoag, 23
miles. Stock is $517,450 (par, $100), a majority of which was acquired
in July, 1890, in interest of the N ew York A New England, and road
leased to that company for 99 years from October 1 at C per cent on
stook. See V. 51, p. 458; V. 55, p. 177. Of the bonds for $750,000
$500,000 were issued to retire old first mortgage due July 1,1892, and
$250,000 for an extension o f 8 miles to East Thompson, Conn.; they are
guaranteed by the New York A N ew England RR. In year 1889-90
gross earnings, $138,036; net, $48,422.
P r o v i d e " c e Sc W o r c e s t e r . —Owns from Providence, R. I., to
Worcester, Mass., 44 m iles; branches, 7 m iles; total operated, 51 miles.
From July 1,1892, leased for 99 years at 10 per cent per annum on
the stock to the N. Y . N. H. A Hartford. E xtra dividend o f !
per cent was paid out o f assets in March. 1893. In 1891-92, gross
earnings, $1,507,088, against $1,518,378 in 1890-91; deficit aft' r <xpenses, charges and 10 per cent dividends, $C0,962, against surplus
of $193,483. (V. 48, p. 829; V. 51, p. 681; V. 56, p. 83.)
( l i i l i i c y O m a h a & K a n s a s C ity .—West Quiney to Trenton, 111.,
134 miles; trackage (C. B. A Q.), to Quincy, 3 nnies. This company is
successor to the Quincy Missouri A Pacific sold in foreclosure and reor
ganized. Default was made on Dec., 1890, coupons. It is proposed to
reorganize the oompany, issuing $500,000 o f 5 per cent gold bonds for
present preferred bonds, floating debt, steel rails, eto., and preferred
stock for unpreferred 1st mortgage and scrip. The stock is $1,489,240
(par $100). From Jan. 1 to April 30,1893 (4 months), gross earnings
were $87,807, against $93,413 in 1892; net, $32,711, against $31,722.
In 1892 gross $279,735; net $65,744; taxes, $10,895; interest, $7,150.
R a l e l g l i & A u g u s t a .—Owns from Raleigh, N. C., to Hamlet, N. C.,
98 miles; Ham let to Gibson, 10 m iles; leases Moncure to Pittsboro, 10
miles; Cameron to Carthage, 12 miles; total, 130 miles. Controlled by
Raleigh A Gaston, which July 1,1892, owned $742,700 stock, and so
by Seaboard A Roanoke. Stock is $873,000; par, $100. In 1891-92
gross earnings, $281,368; net, $65,457; surplus (Including other
receipts) over fixed charges, $2,671, against $38,361 in 1890-91; net
current liabilities July 1,1892, $304,698.
B a l e i g h Sc G a s to n .—Owns from Raleigh to Weldon, N. C., 98 miles
and Louisburg branch, 10 miles. Controls Raleigh A Augusta RR., 108
miles, and has large interest in Durham A Northern RR., Durham to
Henderson, N. C., 42 miles; and with Seaboard A Roanoke controls
Carolina Central; also controls Georgia Carolina A Northern and
jointly guarantees the bonds. Seaboard A Roanoke owns $742,200 of
the Raleigh A Gaston $1,500,000 stock; par, $100. Semi-annual divi
dends are paid at National Farmers’ A Planters’ Bank, Baltimore, April
l and Oct. 1. Dividends in 1889, 1890 and 1891, 6; in 1 89i,4 per cent;
lu 1893, April, none. It is said no dividend m a yb e expected before
fa ll o f 1893.
In year ending Juno 30. 1892, gross earnings were $471,141; net,
$151,722, against $214,292 iu 1890-91; inoome other sources, $49,825;
interest paid, $80,000; dividends (5 per cent) $75,000; surplus, $46,547.
R e a d i n g A C o lu m b ia . —Owns from Columbia to Sinking Springs,
Pa., 39 miles; branches, 13 miles; Lancaster A Reading RR., leased, 15
miles; operates Marietta Junction to Cliickies, 6 m iles; total operated,
74 miles. Stock, $958,373 ; par, $50. The road is controlled and oper,
ated by the Philadelp hia A Reading (which holds the above debentures),
but accounts kept separate. In year ending Nov. 30, 1892, gross earn
ings were $348,334; net, $85,464; interest and rentals, $131,500 ; de
ficit for year, $49,036 Total deficit to Nov. 30, 1893, $1,283,858.
R e n s s e la e r A S o r a t o g a . —Owns Troy to Ballston N. Y., 26 miles
Whitehall, N. Y., to Vermont line, 7 miles; Eagle Bridge to Rutland
Vt., 62 miles; Saratoga to Whitehall, 39 miles; branch, 3 miles; total
owned, 137 miles Leases: Albany to Waterford Junction, 12 miles;
Saratoga to Schenectady, 22 miles ; Fort Edward to Caldwell, 14 miles;
other branches, 7 miles; total leased, 56 miles; total operated, 192
miles. Leased in perpetuity March 1, 1871, to the Delaware A HudsoD,
which in Dee.. 1892, owned $1,600,000 stock; rental. 8 per cent on the
stock and interest on the bonds. Wording of guaranty on stook was in
V. 56, p. 773.
For nine months ending Mar. 31, 1893. deficit after charges was
$68,329, against $34,127 in 1891 92. For tho year ending June 30,
1892, gross receipts were $'3,573,275, against $2,572,192 jn 1890-91;
net, $991,672, against $963,876; deficit under charges, $187,211,
against $136,205 in 1890-91. (V. 53, p. 224, 568, 714; V. 54, p. 289,
800; V. 55, p. 298, 806; V. 56, p. 290, 793.)
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RAILROAD STOCKS AND BONDS.
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RAILROAD X CONNECTIONS.
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M A P OF T H E
\ RICHMOND & DANVILLE
Alexandria'
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GQL0SBORI
:|so»<viur
INVESTORS’ SUPPLEMENT.
121
VOL. L \'I.
S u b s c rib e r* w i l l c o n fe r a g re a t fa v o r b y g i v i n g im m e d ia t e n o tice o f a n y e r r o r d is c o v e r e d i n tb e s e T a b le s .
Bonds—Princi
IN T E R E S T OR DIVIDENDS.
pal,^When Due.
Miles Date Size, or
Amount
Rate per When Where Payable, and by Stocks—Last
Pac
of
of
f o r explanation o f column headings, Ac., see notes
Outstanding
Cent. Payable
Whom.
Road. Bouds Value.
Dividend.
on first page of tables.
RAILRO AD S.
Rensselaer d Sara.—Stock,8p.c.gu.Del.AHud.)end.)
1st mortgage, consolidated............................o*«fcr
Richmond d Danville—Receiver’ s certificates.........
Consol. M., Richmond to Danville A brs.. cold---Debenture mortgage bonds, income cumulative..
Consol. M. g. ($15,000 p.m .)$or & ($14,500,000)C*
Equipment/Trust bonds, gold, s.f.,subj. to call-.c*
Equipment s.f. bonds, $2,000,000, g.,sub. to call.c*
Northwestern, N. C., 1st M. ($15,000 p. m.) g. gu.c
Richmond York R iver A Chesapeake, 1st m ortg..
2d mortgage,, Richmond to West Point, Y a .......
Stock, guaranteed 6 per cent
Wash.Oh.A West. 1st M. guar.,Alexan.to R. Hill.c
Income mortgage..................................... -.......
Oxford A Clarksv. 1st M., $15,000 p. m .,gold... .c
Clarksville A N. Carolina 1st mort., guar............
Danville A West. 1st M. $15,000 p. m., gold,guar c
Rich.Prcd. d Pot.—Sfk,com.($l,071,100'div.,oblig.)
Stock, guar. 7 p. c., except $19,300 guar. 6 p. c . .
1st mortgage, convertible.....................................
do
do
.....................................
do
coupon bonds due in London.........
do
do
due in U. S...............
do
certificates of debt, due in U. S......
2d mortgage
do
do
......
Consol, mortgage for $2,000,000, gold......... c*&r
Rich. Nichol. Irv. d B .—1st mortgage, gold........... c*
Richmond & Petersburg—Stock...............................
Consolidated mortgage ($30,000 are 7s)............
Consolidated mortgage for $1,000,000, gold— c
J&ichmcmd & West Point Terminal R. d TF. Co.—Stock
Pref. 5 p. c. Btk., cumulative, subject to call at 110
192
79
100
38
38
1871
1892
1874
1882
1886
1889
1891
1888
1873
1880
50
50
50
7
70
1884
1884
1887
1887
1891
79
79
79
79
79
79
79
185C
1856
1858
1870
1858
’44-66
1890
1889
23
23
27
....
1875
1890
$100 $10,000,000
1,000
2,000,000
1.100,000
1,000
5,997,000
1,000
3,36S,000
1,000
3,041.000
1,000
1,390.000
See text.
1,000
1,000
1,500,000
1,000
400,000
1,000
500,000
100
497,500
1,000
1,000,000
625,000
1,000
750,000
1,000
111,000
1,000
500,000
100
2,238,000
100
500,400
Various
35,370
Various
99,070
Various
48,687
Various
300,000
Various
83,363
53,511
$1,000
500,000
1,000
2,375,000
100
1,000,000
500 Ac.
380,000
1,000
300,000
100 70,000,000
100
5.000,000
R ic h m o n d A D a n v i l l e . —(See M ap.)—Ovms from Richmond, Va.,
to Danville, Va., 140 miles, with branches, including Piedmont RR., Ac.,
80 miles; Richmond York R iver & Chesapeake RR., 39 miles; North
Carolina RR., 223 m iles; Atlanta & Charlotte A ir Liue Railway, 269
miles; total system proper 751 miles. Operating leases: Northwestern
North Carolina, 100 miles ; Virginia Midland Railway, 408 m iles; Wash
ington Ohio & Western RR, 50 miles; Western North Carolina RR., 309
miles ; Charlotte Columbia & Augusta RR. and leased lines, 363 m iles;
Columbia & Greenville RR., leased lines ana branches, 296 miles;
Richmond & Mecklenburg RR., 31 miles ; Georgia Pacific Railway, 567
miles; Statesville & Western, 20 m iles; Oxford A Henderson, 13 miles;
Oxford A Clarksville, 50 miles; Northeastern RR. of Georgia, 40 miles;
Clarksville A North Carolina, 7 miles; High Point Railroad, 28 miles.
Controls by ownership of stock, operating separately: Asheville A
Spartanburg, 70 miles; Elberton A ir Line, 51 m iles; D anville A
Western, (narrow gauge) 70 miles; other lines, 96 m iles; total auxili
ary system, 2,569 m iles; total Richmond A Danville system March 1,
1892, 3,320 miles. Also steamship lines reckoned at 200 miles.
Sto c k .—The stock is $5,000,000 (par $100), of which $4,976,100 is
owned by Richmond A West Poin t Terminal, and pledged under its
oollateral trust and preferred stock agreements.
R e c e iy e r s iiip .—On June 16,1892, on account of the financial em
barrassment o f the Richmond A West Point Terminal, this road was
placed in hands of F. W. Huidekoperand Reuben Foster as receivers.
As to attachment o f Central of Ga. property in January, 1893, see V.
56, p. 82. Receivers’ certificates for $1,000,000 were issued in 1892,
and in March, 1893, an additional $100,000 were authorized.
Interest on leased line bonds "was paid as usual July 1, 1892, but
there have since been a number of defaults as indicated below.
Coupons of R. A D. consol. 6s due July 1, 1892, which were bought
a t maturity were paid in full in January, 1893.
On Oct. 1,1892, default occurred on R. A D. debenture 6s and con
sol 5 b, Columbia A Greenville second 6s, Georgia Pacific second 5s,
Danville A Western 5s and Asheville A Spartanburg 6s. See V. 55, p.
590, 639. On Nov. 1,1892, Oxford A Clarksville and Clarksville A
North Carolina coupons went to default.
On Jan. 1,1893, the coupons o f Columbia A Greenville bonds due
Oct. 1,1892, were paid, but Ga. Pacific 1st mortgage coupons due
Jan. 1,1893, were bought by Messrs. Clyde and Stone. V. 56, p. 43. On
Apr. 1,1893, Northwestern N. C. coupons were unpaid. As to under
lyin g bondholders’ committee see V.55,p.806; V.56,p. 207,247.
D iv id e n d s since 1876—In 1881, 5 per cent; in 1882, 7; in 1887, 3; in
1888, 5; in 1889,10; in 1890,10; in 1891, Jan., 5; July, 5; in 1892, nil.
B onds .—I n addition to bonds in table above there were out as collat
eral Dec. 1,1892, $1,487,000 consol. 5s, $909,000 equipment 6s (except
part in treasury) and $550,000 Danville A Western 5s.
The “ debenture” mortgage bonds have a lien on the property
subject only to the consolidated mortgage o f 1874, and are entitled to
such interest not exceeding 6 per cent per annum (cumulative) as re
mains out of the earnings o f the company after paying the interest on
the consol 6s, the rental o f all properties leased by the company at the
time the mortgage was made, and its operating and renewal expenses,
the sum so to Be paid to be determined by the Board o f Directors.
In 1890 the Richmond A Danville issued $6,000,000 bonds jointly
with the E. Tenn. Va. A Ga. (See East Tenn.) A full statement of the
•company’s obligations on its leased lines was in V. 54, p. 488.
F lo at in g D ebt .—Of the floating debt as it stood on Sept. 8, 1892>
$4,434,000 was secured by collateral. This collateral includes the
most valuable of the securities formerly in the R. A D. treasury and
certain securities borrowed from the R. A W. P. Terminal, as shown
tot that company. On the same date $797,000 notes o f the R. A
D. bore the endorsement o f th-> Terminal Company. The floating debt
was reported extended in July, 1892, at 6 per cent interest and 2*3 per
cent commission. (V. 54, p.79; v . 55, p. 147, 257.)
L atest E arnings .- From Mar. 1 to Mar. 31,1893 (1 month), gross of
•ystem $1,103,720, against $1,059,600 in 1892.
A n n u a l R e po rt .—Year ends June 30. Report for year 1890-91 was
given in Ch r o n ic l e , V. 53, p. 837, Ac. The net surplus of Rich
mond A Danville proper above fixed charges was $1,212,403; surplus
on other roads of the system, except Georgia Pacific, $111,707; deficit
on Georgia Pacific, including improvements and betterments, $1,509,531; result on whole system a deficit of $185,421. The follow ing
figures are for the 751 miles o f the system proper, those for 1892 like
the others being official. (See V. 55, p. 721.)
Year ending Dec. 31—
1890.
1891.
’ 1892.
$5,947,359
$5,944,783
Gross earnings................... . $5,600,712
Operat’g expenses and taxes. 3,186,882
3,085,491
3,037,067
Net earnings................... $2,413,831
Interest on bon ds............... > 1 ,,ro
(
Rentals, Ac..........................\ 1*662,907 ^
Sink’g fund for equip, bonds...................
$2,861,868
895,350
754,115
$2,907,716
824,195
1,135,316
100,145
Surplus.............. ............
$750,864
$1,212,403
$848,060
—(V. 54, p. 79,120, 762, 1010; V. 55, p. 22, 257, 298, 590, 639, 721,
765, 996; V. 56, p. 43, 82, 207, 247, 539, 580.)
R ic h m o n d F r e d e r ic k s b u r g Sc P o t o m a c ,—Owns from Rich
<mond, Va., to Quantioo, 79 miles; James R iver branch, 3 miles; leases
8 per an.
7
6
6 g6
5 g,
5 g.
6 R.
6 g.
8
6
6 per an.
4
6
6 g6
5 g.
7 per an.
7 per an.
6&7
5
5
6
7
5
4Usg.
6 g.
See text,
6A 7
4 ‘2g.
j.
M.
j.
J.
A.
A.
M.
M.
A.
J.
M.
J.
F.
&
A
&
A
A
A
A
A
A
A
A
A
&
M.
M.
A.
J.
M.
j.
J.
J.
M.
J.
J.
A.
J.
J.
M.
A.
A
A
&
A
A
&
A
A
A
A
A
A
A
A
A
&
j . N.Y., Del. & H. Canal Oo.
do
do
N.
.i. Balt, and Philadelphia.
J. July ’92 coup, last paid.
O. Apr.,’92, coup.last paid.
O. Apr.,’92,coup, last paid.
8.
Central Trust Co.
N.
do
do
O. Oct.,’92,coup, last paid.
J. N. Y., Central Trust Co.
N.
do
do
J.
do
do
A.
do
do
None paid.
N. May,’ 92, coup.last paid.
N. May,’92, coup.last paid.
0. Apr.,*92,coup.last paid.
J. Phil a. A Richmond.
N.
do
do
do
do
j.
J.
do
do
J.
do
do
N.
do
do
J.
do
do
J.
do
do
O. N.Y., Phila. or Richm’d.
J.
In default.
Richmond, Oifioe.
J.
do
do
N.
O. N. Y., Brown Brothers.
Jan. 3, 1893
May 1, 1921
July, ’93 & ’94
Jan. 1, 1915
Apr. 1, 1927
Oct. 1, 1936
Sept. 1. 1909
M a y ’94-1906
Apr. 1, 1938
Jan. 1, 1894
Nov. 1, 1900
Jan. 2, 1893
Feb. 1, 1924
May, 1924
Nov. 1, 1937
Nov. 1, 1937
Oot. 1, 1036
Jan. 3, 1893
May 1, 1893
July, 1895
1901
1901
1901
July, 1899
1901-1902
Apr. 1, 1940
July 1, 1919
Jan. 3, 1893
May 1, 1915
Apr. 1, 1940
See text. J. & J.
July ij> ,1891
Quantico to Junction, 2 miles. The dividend obligations receive samft
dividends as common stock, but carry no voting power. Of consois
sufficient are reserved to provide for prior bonds maturing.
Dividends of 7 per cent paid on common stock and dividend
obligations in 1888 and 1889; in 1890,6*2 per cent; in 1891, 7 per
cent; in 1892, Jan., 3 lg; July, 3*2; in 1893, Jan., 3*2 p. c. From July 1,
1892 to Sept. 30, 1892 (3 months), gross earnings were $173,010, agst.
$165,199 in 1891; net, $51,629, against $53,073. In year ending June
30,1892, gross earnings were $746,528 ; net, $290,951; surplus over
interest and dividends, $49,834, against surplus of $52,084 in 1890;
betterments, $17,896. (V. 52, p. 39; V. 53, p. 753; V. 55,p. 977.)
R i c h m o n d N ic h o la s v llle I r v i n e Sc R e a t t y v l lie .—Line of
road—Versailles, Ky., to Beattyville at the Three Forks o f the Kentucky
River, 97 miles, o f which 62 miles are in operation. In Dec., 1891,
John McLeod was appointed receiver. The claims against the com
pany were said early in 1892 to be not exceeding $500,000 Stock
authorized, $2,425,000; par, $100. (V. 51, p. 609; V 53, p. 846; V. 55,
p. 257.)
R i c h m o n d Sc P e t e r s b u r g .—Owns from Richmond to PetersburgVa., 23 miles. James R iver branch, 4 miles.
D iv id e n d s since 1883—In 1884,1885 and 1886. 5 per c es t; in 1887.
6; in 1888, 1889, 1890 and 1891. 7; in 1892, 7 ; in 1893, January, 3*a.
L atest E arning s .—July 1,1892, to Mar. 31,1893 (9 months), gross,
$261,627, against $243,569 in 1891-92; net, $84,550, against $64,893.
A n n u a l R e po r t .—Fiscal year ends June 30. Annual report for
1891-92 in V. 55, p. 977 showed gross earnings, $337,839; miscel
laneous receipts, $31,639; total receipts, $369,478; net, $126,329;
total net income, $135,347; interest, $36,600; dividends, $70,000.
—(V. 53, p. 879; V. 55, p. 977.)
R i c h i n o u d Sc W e s t P o i n t T e r m i n a l R a i l w a y Sc W a r e
h o u s e Co.—The mileage controlled and operated was about
8,816 miles (includingwater lines) as follow s: Richmond A Dan
v ille system, 3,320 miles; East Tennessee Virginia A Georgia system,
2,318 miles; Alabama Great Southern, 296 miles; Central Railroad of
Georgia, 2,682 miles; W ater lines: Ocean Steamship Company and
Baltimore Ches. A Rich. S. B.
H is t o r y , E tc .—Incorporated act o f Va. Legislature in March, 1880,
and purchased a large amount of Southern railroad securities, which
enabled it to operate the systems above named.
R e c e iv e r s h ip .—On June 22,1892, W. G. Oakman, theretofore Presi
dent, was appointed receiver.
Default on the bonds took
place August 1 and September 1. The Central of Georgia,
the Richmond A Danville and the East Tennessee are also in the hands
o f receivers. Circular o f advisory committee o f seventeen was in
issue of Aug. 27,1892. Mr. OrFs letter o f Jan., 1893, was in V. 56, p.
43, and President Oakman’s notice to Central o f Ga. as to reorganiza
tion V. 56, p. 82. As to correspondence with Drexel, Morgan A Co.,
see “ Reorganization” below.
In November, 1892, the receiver brought suit to recover the moneys
paid by the Terminal for $4,000,000 Central o f Georgia stock bought
at a price it is claimed far exceeding its value. See V. 55, p. 422,938.
Ca p it a l Sto c k .^-The preferred stook is secured by deposit o f $2,500,100 Richmond A Danville stock.
D iv id e n d s on preferred stook—In 1887, 2*2 per cent; in 1888, 5; in
1889, 5; in 1890, 5; in 1891, Jan., 2*2; in July, 2*2; since, none.
P r ic e of Sto c k .—Common in 1888,19®29%; in 1889,191
s®27%; in
1890, 13*2®28*4; in 1891, 8%® 19*2; in 1892, 6*4® 17*2; in 1893 to May
19 inclusive, 51
s®12. Preferred in 1887, 43®87*2; in 1888, 55®87%;
in 1889, 76®84%; in 1890, 60*2®87*2; in 1891, 43®76*2; in 1892, 31*3
®79; in 1893 to May 19 inclusive, 18®43.
F l o at in g D ebt , Se c u r it ie s Ow n e d , E tc .—On Sept. 8,1892, the
receiver reported the company’s floating debt to be $279,200, and the
notes of the Richmond A Danville endorsed $797,000. To secure float
ing debt of the Terminal were pledged $230,000 o f securities shown
below and $137,000 Chester A Lenoir and Cheraw A Chester bonds
borrowed from the Richmond A Danville. The securities owned by
the Terminal were on Jan. 10, 1893, as follows. In November, 1892,
the receiver was granted permission to sell $702,000 State of Ga. 3*28,
and on Jan. 10,1893, only $53,000 remained unsold, as shown below.
(V. 55, p. 938.)
Securities in (Jo’s, tt'casun/.
Loaned R. d D. RR. Go.
E. Tenn.Va. AGa, com. $5,880,000 Oxford A Hend. 1st M.
$195,000
391.000 Statesville A W est.lst.
Do
2d pref.
300,000
325.000
Oxford A Hend. com..
68,640
Rich. A W. P. Ter. com.
Total par valu e......
$495,000
State8villeAWest.com.
500.000 Loaned R. d D . and bu them
34,233
pledged on floatin g debt.
Virginia Midland com.
124,997 Rich. ADan. eauip. 6s.
Various other stocks..
$726,000
160.000 E.Tenn.Va.AG~a.Ex.5s
Rich. A Mecklenb. 2ds.
620,000
do
do Gen. M. 5s.
230,000
Total par value....... $7,483,870 8tate of Georgia 3*2853,000
840,000
Oioned and pledged fo r R. T. Co. Virginia Midland com.
E. Tenn. V. A G. 1st pf.
500,000
doaiing debt.
do
2d pref.
1,820,000
Virginia Midland com.
$80,000
346,200
E. Tenn. V. A G. 2d pf.
100,000 R. A W. P. Ter. com ..
Char. Col. A Aug. st’k.
50,000 Ga. Pac. Equip. 6s___
47,000
Total par value.......
$230,000
Total par value......
$6,182,200
Ma y , 1893,]
BAILKOAD
STOCKS AND
BOOTS.
125
S u b sc rib er*! w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
R o n d s — Princ!
IN T E R E S T OR D IV ID E N D S .
_____________ R A IL R O A D S .------------------------ i M ile s, D ate Sire, or
pal, When Due.
Am ount
Par
R ate p er W hen W here P ayab le, and b y S tock s —L a st
T o r exp lan ation o f colum n headings. A c., see notes! o f
ol
O utstanding
Cent. P a y a b le
Whom.
Dividend.
on first page of tables.
, R oad. j Bonds V alue.
R ic tim o n d <t West P t. Ter. R. d W. Co.— Co,ifftided.
Collat. tru st bonds, gold, subject to call a t 1 0 5 ...
Consol, collat. tru st.go la , subject to ca ll a t lOO.e
R io G ra n d e J u n c tio n — Stock .
1 s t m ortgage, sold , guar. Jo in tly .......................c *
er
snde :
Rio Grande S outher n — 8toe£, $25,000 per tulle
f.tr
, $25,(NX) ja-r m ile, gold .......
1 s t m or
R io G ra n d e freilcr/i— P referred stock.
1 s t tru st m ortgage, fo r $ 1 6 ,000 ,000 , g o ld ......... e '
O ne-year n otes...................
R o a n ok e <f S o u th e rn —Stock..................... ...................
1 st M ortgage, gold. $ 15,000 p. m .,g u a r.p .
E q uip, tru st i f c l 0,000) guar. p. A-> by X .& M -O’
.
R oes, a Genesee Val.— Stock. 8% rental X .Y .L .E . AW
B ix k Is ta ru l d P e o r ia —S to c k .........................................
1 s t m ortgage............ ................................................... r
Consolidated 1 s t m o rtgag e,.......................................r
R o m e W atertow n a (M juenxhurtj— S lo e it, guar, (end.)
1st M..Wat. & R.,Rom e to Cape Vin..».f.,not d r'n .c'
Consol. M. (tat. b ut not prin. p a yab le In g o ld ). ,e.|
Syracuse Northern 1st m ortgage .........................0’
Osw ego St Rom e— 1st m ortgage, g u ar....................
Oswego A Route 2d nitge. g - gn .b y R. W. & O .c*..
O sw ego Bridge an d S yr, Ph. A Os. 1 st m ortgagee
Norwood A M ontreal 1 st m ortgage, g o ld ,.............. '
R. W .A O g .T e n n .R K . 1st M „ g o ld ,gu.R. W.A O.e-
6 g. F. A A .jF eb . ’92, coup, la s t paid.
18S7 I $1,000 $5,500,000
5 g. M. & 8. M ar.’92, coup, la s t paid.
11,065,000
1889 ! 1,000
2 , 000,000
I
100
02 ;
5 g. J. A D. N. Y „ M aitland, P .& Co,
1.850.000
1,000
62 1889
4.510.000
100
172 !
5 g . J. A- J. X. V., M aitland, Phelps
4.510.000
1,000
172 1890
100
522
6.250.000 See te x t. Q.— F. N.Y.,offlce,32 NaesauBt.
4 p. J. 4 J. N. Y'„ S tate T rust Co,
504 1889 l.OOOAc 14,000.000
.......
X. Y ., O f., 32 N assau St.
5
400.000
1892
Too 2,396.450
122
5 g. M & S. N. Y .. Ed. Sw eet A B alt.
2.041.000
1.000
122 1892
6 ' J. & D. B a lt. M erc.Tr.& D ep.C o.
106.000
1.000
1891
1
100
IS ;
555,200 6 p e r an. J. & J. X. Y .,b y X. Y.L.E.AW .CO
1.500.000 5 per an. J. A J. X. Y „ Corn E xoh. Bank,
113
do
do
10
U. Sc J.
150.000
9 1 , 1878 25,000
do
do
6
:j . & J.
450.000
5.000
1 1 3 1885
8,768,100 5 p e r an. Q.—P . N .Y ., Or. Cent. Station.
100
do
do
6
M. A S.
97 j 1855 100 A c .
417.800
do
do
1.000
A. A 0.
409 . 1874
9.081.000
5
do
1.000
J. A J.
do
45 , 1871
500.000
7
do
do
1,000
M. A N.
28 ) 1865
350.000
7
do
1,000
5 g . F. A A
do
400.000
23 j 18 9 1
do
do
275.000 0 4 6 * . K, & A .
18 1883
do
do
130.000
13 : 1880
5 g- A, A O.
do
1,000
do
375.000
1 4 1888
5 g. M. A N.
I
Feb. 1 , 18 9 7
Mch. 1 , 19 1 4
Dee. 1, 1939
J u lv 1 , 1940
M a y 1, 1893
Ju ly 1 . 1939
1893
Meh. 1. 19 2 2
$21,000 D ec. 1
Jan. 1, 1893
Jan* 1 , 1893
Jan. 1, 1906
Jan. 1. 1925
M ay 1 5 ,1 8 9 3
Sept. 1 , 1 9 1 0
J u ly 1 , 1922
J u ly 1 , 190 1
M ay 1 , 1 9 1 5
M ay 1, 19 1 5
Feb. 1 , 1 9 1 5
A pr. 1, 19 1 6
M ay 1, 1918
Interest charge on 1 12 m iles operated during th e year, $140,000;
K l c h t n o u d A u e a t P o i n t T e r m i n a l . — (Concluded.)
-12 7 .4 0 0 .-tV . 53. p. 07-1; V. 54, p. 160, 103, 444, 446;
B o n d *.—T h e 6 p e rc e n t tru st bonds o f 1887 (see ab stract o f m ortgage, V. 55. p. 463, 7 6 4 , 1030.)
V. 45, p. 575) are a first lieu on the fo llo w in g :
R i o G r a n d e W e s t e r n . —(S e e M a p .j—Id X B o f R o a d —O wns C re
Rich. A Dan. m ock . . . $1,7<K>.900 i W ist X . C. c o n s o l* .... $1,325,000
vasse, Col., to Ogden, U tah, 3 10 tulles, to A lta , B in gh am Coal M ines, eta.,
E .T. Va. * G a. U s prof. 6,000,000 (
do
2d in e rt
4,110,000
1,000.000
---------------- 4 7 m il)--; s * n F e w b r a n c h .T M s tle to M auri, 6 1 m iles; S evier R a ilw a y
COL A Or-i-n. com----do
do p r e f . . .
1,0 00 !
T o ta l par v a lu e .- ..817,296,900 (proprietary line...;31 securities owned), M antl to Sallna, 26 m ile s;
Tin tic Range R y. (proprietary lin e, a ll securities o wned)— Spri ngvilX!
Va. Midland sta c k ....... 3,100,0001
to Eureka, amt spurs. 52 miles; total ow ned, -196 m iles. Leases C revasse
T h e co n so l co llateral tru st 3 per c e n t m ortgage bond* o f 1889 (trus to G rand Ju n ction , 1.8 m ile*. T o ta l operated, 514 m iles. A lso ow n s 1 1
tee, Central T ru st Co.; see abstract o f m ortgage in C iia o sic i.K , V. 49, mile* o f tram w ays. T h e Rio G rande Ju n ction Road, 04 m iles, opened
p. 1 15), are a second Hen on the secu rities pledged fo r the 6 p e r c e n t In N ovem ber, 1690, afford* a through connection o f standard gauge t o
bomb* and on $S2,5O0,OOO Richm ond A D an ville -to jk .p le d ge d fo r th e the D en v er a Rio G rande and the Colorado W ill'd . (See V. 5 1 , p. 680.)
preferred stock, and a ttrst Hen on th e follow ing;
H i -iron*.— Form ed lu Ju n e. 1889, to succeed th e D en ver A R io
$315,000 G rande W estern, b v p la n o f M arch, 18 8 9 , fo r w idening gau ge and re
Cbar.C .A A u g .R R .srk . #4,300,000 .Veast.HR.ofOa.g'u.M.
do
do stock.
120.000 tirin g old securities w ith n ew Issues. See V. 48, p. 429; V. 52, p . 9 4 1.
V a. M idland B y. stock,
4 70 .00 0
300,000
Western X C. H R . .c o m
3,160,000 R ich. A Sfeck,R R . stock
Oa m t a j , S t o c k .—C ommon stock auth orised and outstan d in g, $10,708,100
do
do
pref. 3.100,000 R!H. A Dan R R .sb .ck.
Ga. Pacific Ky. stock . 42170,000 E T e n n .V a. A d a . i st pf. 2,283.200 000,000: preferred stock authorized, #7,500,000: outstanding, as to
th e table; par, #100. P referred sto ck is en titled to 5 p e r ce n t d ivid en d,
do
do
24 pf. 4,225.000
do do incom e inert. 1 ,397,ooo
noo-cum olative. then common stock to 5 p e r cen t, a fte r w hich both
G a Co, 5 p.ev ooL trust. 3,4 47,000 Cen tral H R . A R anking
CO. o f Ga. stock.........
220.000 claese* o f stock *b»re pro rata.
A sk . A 8tMsn.KR.2d M
215,000
In June, 1892, com mon stock fo r $2,500,000 w as sold to com mon and
do
do
stock. 1,040.000 Georgia Co'y stock.... 11,990,000
preferred stockholder* a t 40. the proceeds p a yin g for all th e secu rities
W aab-O .AW . R R .tn c ..
625,000
o f th c Tintli) R an ge R ailw ay, com pleted In M arch. 1892. See V. 54, p,
do
do
stock.
1.500,000
T o ta l.# 40.845,300
526. 762, An im rease In preferred stock from #5,(8)0,000 to #6,250,000
In 1800 the com pan y guaranteed #6,000,000 Cincinnati E xten sion In A pril, 19 9 1, w as m ade at #65 )ier share. See V. 52, p, 499.
bou4s, is*las) Jointly b y Richmond A D an ville and E ast Tcnm-ass*, Vir
D iv id e * ! ) * .- P referred s to ck —A dividend o f 2 B per cen t In preferred
gin ia A G eorgia and secured b y deposit o f th e stock purchased in ob
Stock w as paid F eb ru ary, 18 9 1 , and the Ilrst Q uarterly cash dividend
tain in g control o f the •• E rla n g e r" roads.
o f 1>4 per cent May, 1891; Aug. l»*; N ov., 1 ‘4 . In 1992, 5 p e r c e n t ;
R B O H oam ztTiox.— A p lan for readjustm ent o f the Richm ond Tor- lu 1893, Feb., 1 > per c e n t; M ay, l 1*.
4
m inal finance* w a* Issued In M srch. 1892, by the O icott com m ittee, but
P m c c o r STOCK—Comm on— l a 1800. lS924?<t; In 18 9 1, 23 * 4 4 ; in
th e underlying secu rities failed to come la . See V. 54, p. *87. In
19 9 2 ,23 0 4 1; In 1993, to M ay 19, Inclusive, 16 # 2 2 .
A p r s. 1*03, Messrs. Drag* I, M organ A C o., agreed to reorgan ise tile
Preferred stork - In 18 9 0 ,40 a 55; In 1 - . 11 ,55■ * « 7 5 ^ : in 1.8 9 2 .63 *74}
com pan y, provided th ey should to n e fu ll discretion as to plan. The
deposits of secu rities gra u tlu g this dlserettoa h a v e been large, anil )u In 1 8 93,t o May 19. in clu sive, 60*02< 9 .
Bn*!"* - Si-e a bstract o f m ortgage (Central T ru s t Co., trustee) in V.
M ay, 1893, It w a * understood the plan w as a bout ready for publication.
49, p. 237, and statem en t to New York Block E x ch a n ge In V. 50, p. 73.
See V, 5«k p, 022, V . 54, p, 888; V. 55, p. 23; V, 56, p. 207.
F-a k n ih .*,—The O icott com m ittee press m e I the follow in g statem ent
L a test K a * v ik «.«.— F rom J u ly 1. 1892, to March 3 1 .1 8 9 3 <9 m onths),
grass #1,862.987, a gain st #1,982,260 in 1801-92: net, $656,455,
show tug the re su lt o f op era tin g th e presen t system .
G ross earning* In y e a r 1 8 9 0 9 1 (Including A la b am a O t,
a g a in st #742,945.
Southam but e xc lu d in g the C en tral of G eorg ia)................ #28,338,500
A x n c a i . RF.pi.iitT.— F iscal y e a r ends Ju n e 30. A nnual m eeting is held
N et earrin g* o v e r exp ense* and. t a x e s ........ ........... ..............
8,744,736 on fou rth M onday in J u ly, F u ll report f«)r 1891-92 w ith balan ce sh eet,
F ix e d c la r g e s ....... .............................. .............................................
0,474.837 etc., wa* In V . 55, p. 1063, 10 77, 1079,
A s s tT * t B * POUT.— For the y ea r ending Juno 30 the earnings o f a il
I vor e n d in g J u n e 30—
1890.
18 9 1.
1892.
railroad lines then controlled w ere a* follow *;
M ileage....... . ............................
387
407
5 18
G ross earning* ............................#1,622,234
$2,346,130
$2,643,924
T e a r e n d in g S o r . 30—
18*9.
1890.
1891.
Miles Operated Xuvem iicr 30.
7.521
8.5,58
9.052
T o ta l n e t Incom e........................
520,686
856.783
928 ,571
393,500
535,500
560,000
G ross w n i t n g s . . ....................... $35,506,983
#41,361.099 $43,810,344 Interest paid on b o n d s ......... .
Rental and m isce lla n e o u s.......
1 1 .1 4 3
1 5 ,14 4
3 7 ,12 0
S e t e a r n in g s ...,,......................$ 11,6 9 9 ,5 12
#13,132,5)03 #13,968,464
.........
255,369
312.398
Charg#!......................................... 9,134,445
10 ,637,18 5
11,455,457 D iv id e n d s.............. ......................
Hatpin*.
...................... #2,265,067
$2,49 5,717
#2,513,007
Therm o puny's report fo r y e a r en din g N ovem ber 30. 13 9 1, w a* given
t i ten#til In V. 5 3, p. 878,. and show ed th e follow in g Income aecoun t.
E xpenses—
R e ttn u e 1890-91
1890-91.
D ivs.U leh. A D an ......... #467.620 Int. 6 p e rce n t col. tru st. #330.01X3
DIvsJe . T. let p re f......
175.664 InL 5pc*r cen t col. tru st.
553,250
27.650
D lv s f c e n t .HR. o f 6 « ..
316,964 Interest on G a. Co. 5 * ...
ta t. Z T . 1 st m ortgag e.
18,(XX) Dive, on pref, s t o c k .,.,,
249,850
“
’ i in te re st.........
281,685 Gen. and lega l exp enses
Varbo*
66,252
T o ta l p a ym e n t*................... #404,643
#806,013
# 90 9,519
8ur. (over ill v*.'0 0 9 1 A ’91-92.) # 116,043
$50,770
$19 ,0 51
- ( V . 52, p. 12 6 , 499, 574 ; V- 5 3 , p, 59, 187, 324, 408, 656, 6 7 2 . 6 7 4 }
V, 54, p .2 1 3 , 5 2 0 ,5 9 8 .70 2 ; V. 50, p. 10 0 ,4 2 0, 1 0 6 3 , 1 0 7 7. 1 0 7 9.)
R o a n o k e A S o u t h e r n . —6KB N o n v o u c & W e s t e r n .
R o c h e s t e r A G e n e s e e V a lle y . —O w ns from A von to Rochester,
N. ¥., 18 m iles. Leased J u ly 1 ,1 8 7 1 , in perp etu ity, to E rie R ailw ay.
Rental, #34,012. Jam es B ra ckett, President. R och ester, N. Y .
H o c k ( a l a n d A P e o r i a . — Own* from Rock Inland, 111., to P eoria,
riL. 91 m U es; Rock Islam! St M ercer Coun ty R ailroad, 22 m iles; total,
1 13 miles. The Peoria A R ock W an d w a s sold In foreclosure A p ril 4,
1877, to the bondholder*. lu y e a r 1889-90 gross earnings w ere $655.106; net. $345,321; surplus over Interest, tax e s, A c . , $285,584; d iv i
dend*. #75,000. In y e a r 1890-91, gross $764,595. Sem i-annual d lvl-.
dernls o f 5 per cen t per annum h a v e been paid . Presiden t. R. R. C able,
R o m e W a t e r t o w n A' O e ilc n a b u r K .—(See Map Rem York Cen
lo G r a n d e F u n c t io n . —O w ns m ail from Rifle Creek, Col., to a
ration with th e R io G rande W estern a t Grand J m iction, 62 mites. tral & Hudson Hirer Railroad. /— O w ns from n ear N iagara F alls to
Is a connecting link in the standard-gauge route between Ogden M asson* Springs. X. Y „ 299 m iles, lea* 28 m iles, R ich lan d to E ast
D en ver and Colorado Spring*. Leased b y Colorado Mti Band and O sw ego, leased from the O sw ego A Home RR.; R ichland tcR o iu e.4 1 m iles;
ver A Rio G rande a t 30 per cen t o f gross earning*, which com panies branches to Cape V incent, O gdeusburg, Pu laski, F ulton , etc.., 109 m iles;
'a lly and severally guarantee the bonds, principal and interest. total owned, 421 m ile-. Leases U tica & B la ck R iv er R ailroad. U ric* to
fork is #2.000,000 (par, 8100), of wjhlch Colorado M idland (Atchison) Ggdeushnrg. and C layton branch. 150 m iles; O sw ego A R om e R ailroad
*« above. 2 # mile* } C arthago W atertow n A sa c k e tt’s H arbor R ailroad,
J u ly 1, 1892, owned #737,150. (V. 5 1 , p. 829, 830; V. 52, p. 2043
Carthage to H nckoifs H arbor, 30 m ile s; tn u s k a g e -to N iagara F a lls ,'2
R i o G r a n d e X o u t b c r n ,— r S e , M a p D e n s e r ,f R io G ra n d e .)—R oad m ile s; F u lton to Host O sw ego (Now Y o rk O ntario A W estern R ailw ay),
complet- d Jan ., 1892. from Dallas (now nam e R idgew ay), Cot., on the 12 m ile s; total leased, 222 mile* T o ta l operated. 043 mUes.
D enver A Rio Grande, southerly to D urango, 105 m iles, and branches
in M arch. 18 9 1, leased d u rin g the fu ll term o f Its corp orate existen ce
to T ellbride and co a l fields n e a r R ico, 15 m lies, aii narrow gauge. B u ilt and ren ew al» th ereof to th e N ew Y o rk C en tral A Hudson R iv e r R R .
in the in terest o f tb * D en v er A Rio G rande. M ortgage (trustee. C entral Co., which assum es the d ebt and gu aran tees 5 p er ce n t on the stock.
T ru st Com pany o f New York) Is fo r $5,000,000 « f #25.000 per m ile on The stockholders received a sto ck dividend o f S o b e r cent. F o r -wording
rood and '-qutjnnen;. See abstract o f m ortgage V. 54, p, 16 3 , and of g u aran ty see V. 52. p. 463. Stock authorised $10,000,000, E arn
application to N ew York stock E xchange to full in V. 54, p. 440.
ings a rs Included In tho*e o f the lessee.
Dividends from 1887 to February, 1891. both inclusive, a t ra te o f 6
E a j w w m . - J u ly 1 ,1 8 9 2 , to M arch 3 1 ,1 8 0 3 (9 Mouths), gro ss #367,30 1, a gain st $329,643 in 1801-92, Bet. #283,120, a gain st $184,033. In per cent y e a rly ; M arch. 1891, 20 per ce n t in s t o c k ; in M ay and there
1
y e a r ending June 3 0 ,18 9 2 , gross earning*. #491,007} net, #267,400; after 5 oer cent per annum guaranteed.
A sI .#12159,933
T o t a l.............................$1,227,002
lD
#32,931
Set for year...... ................................................................
—IT. 34, p. 34, 79 , 120. 329, 410, 443. 486, 487, 560, 5 6 1, 598, 643
51.
884. 762, 8 4 6 ,8 gg, 924 ; Y. 53, p. 23, 59. 147. 179; 216 . 257, 298. 332,
46(. 504, 590, 724. 895, 838, 1078; V. 56, p. 43, 82, 207, 414, 465, 622
O f , 754.)
t
>
■
1 »K
IN V E S T O R S '
SU PPLEM ENT
?
<1
5
t*
KAILROAD
M
&Y, 1853.]
(STOCKS A N D
127
BONDS,
Siib»« r lb t ‘ r-> w i l l c o n f e r a g r e a t f a v o r b f g i v i n g i m m e d i a t e n o t i c e o f a n y e r r o r d i s c o v e r e d i n t h e s e T a b l e s ,
r a il r o a d s .
s page t
Bonds—Princi
IN T E R E S T OR D IV ID E N D S .
! M iles;1 Date Size, or
pal, When Doe.
A m ou nt
R ate per W hen W here P a yab le, and by Stocks—Last
P ar
! of i ot
Wliom.
| Bonds V alue. Outstanding' Cent. P ayab le
Dividend,
W a U r t m m d O g e U m b u rg .— (C o n clu d e d .,*
u tiea & S I B lv . a fk ,7 p. e, perpet. gu. b y R.W .dsO.
Blaok B iv e r A M orristown 1 s t m o rtg a g e ......... c
Clayton & Theresa 1 st m ortgage.........................«
1 st m en . on 98 m iles, 2d on 52 m iles, g .,g u a r.e '
stock, p referred.................... ........................
General m ortgage (8 per cent, reduced to 6).......e
2d m ortgage in exchange for eiitupm 't bonds, * o ..c
First ooitsol ruort. fo r $3,500,000, sold .........e**r
gaa. Tuscola * B a r o n — 1 st M., 815,000 p.tn.,goid.<;
aSainaem V alley d St, L o u is — 1st m ortgag e......... cat
et. Johtxsbunj si Lake Champlain—Common stock.
Preferred s to c k ..............................................................
1 st m ortgage....................................................... . . .CAr
Consolidated mortgage (for 81.000,000), gold ..o '
Bonds fo r 82,500,000...................................................
iff. Joseoh <* Grand Is la n d —Stock ...... .................
1st m ortgage, g o ld . Interest guar, b y V . V .........o '.
2d m ortgage, incom e, gold ..................................... o*
Kan. a i O . B K . >stM. .$15,00<^.m.'>(£.4nt.gu.o'Ar
M ,£ .d ifm < t Q p r m ty t e ld .~ -8 & B St .L o c b Ch ic a g o * ;
St. L a u i , A lto n <t Terre H a u l -Common Steel
Pref. stock (7 m m . ) con vertible in to com. took.;
1st w o n . , scries A, i in k in g fu n d , n ot d ra w n .. ,c '
1 s t m ort,, series B linking fund, not d r a w n ... e*;
Do
2d m ortgage, Incomes
Dividend bonds. incom e (seecY. 18, p. 389).........
'
150 1 'Sd-71
$100 $1,103,000 7 net- an. M. A S.
7
J. & J.
36 ! 1874 500 Ac.
500,000
J. & J.
16 1 1873 500 Ac.
!
200,000
7
4 g. J. A J.
150 1890
1,300,000
1,000
4,239,100 4 p e r an. J. & .1.
120
100
M. & N.
120 : 1872 100 *0.
1.500,000
6
5
F. & A.
1,500,000
130 1 1878 100 &0.
120 : 1891
500,000
4 ^ g . J. A J.
1,000
67 1801
1,000
1,000,000
5 e- M. & S.
446,000
M, & X.
36 : 1872
•
1,000
8
....
2,550,090
50
....
50
1,208,500
1,000
550,000
6
A. A O.
13 1 : 1880
1 3 1 j 1884
1,000
91,000 5 g . * 6 V arious
131
0)
4
100
. .
4,600,000
252 ; 1885
l.o o o
6,996,000
6 g. M. A X,
i .ooo
252 ! 1885
1,679,000
5 g. J. & ,1.
196 L1887 500 Ac.
2,713,000
8 g. J. & J.
jUL.
100
2.300.000
....
| ....
100
1,170,800
1.100.000
207 j 1862
1,000
J . * J.
7
1.000
i.io o .o o o
A. A O.
7
207 1862
1962
1,400,000
7
F. A A.
1.000
M. & X.
1862
1,000
7
1,400,000
M. A X,
1,000
1,700,000
7
207 ! 1862
1,357,000
1,000
6
June 1
| 1881
1
|
X, Y „ Or. Cent. Station.
do
do
do
do
do
do
R utland, Clem. X a t. Bk.
Bos.,Glob e X a.t B k. A R n t
do
do
N ew Y o rk City.
N ew Y o rk C ity.
Boston, Second X at. Bk.
Mar. SO, 1893
Jan , 1, 1894
Ju ly 1 , 1898
J u ly 1, 1922
Jan. 1. 1893
N ov. 1 , 1902
A u g. X. 1898
J u ly 1 , 19 4 1
Sept- 1, 19 3 1
M ay 1 , 1002
....... ....
Boston, B . A L. R E . Of.
19 10
do
do
A pr. 1, 1 9 1 4
X. Y ., Central T ru st Co. M ay 1 , 1925
J u ly 1 . 19 2 5
See te x t.
N. Y ., C en tral T ru st Co. Jan. 1 , 1927
N .Y ..U . 8. T ru st Co.
do
do
do
do
do
do
do
do
Jan. 10, 1889
J u ly 1, 1894
J u ly 1, 1894
Ju ly 1, 1894
J u ly 1 , 1894
Ju ly 1, 1894
A fte r Jan .,’94
-peiuity .la te re * t on bonds and j; © dorado IE,, from Du Quoin to Eldorado, 50 m ile s; B ellevillo & Caron
The v u e&A B lack R iver is U
7 per 001at on s t m k being g tmraute*Ml. The ijoaaoildated m ortgage deiet RR. from B elleville to Ea>t Uarondeiet, 1 7 m ile s; St. Louis Southintorest,
th e K iimn : era. P in e neyviii** to Carbondale, TIL, 3 1 m ile s ; Carboudaie M Shaw <
beads n t 1890 are guarantee <i, principi
nee tow n i ixbondaie to M arion, 1 7 m iles; Chicago St. Louis A Paduoali,
m A Ogden sbiirg. 3e e V. 50, p. 7 7 1 .
tu ity , m id th e sec end ! MariOB b Paducah, and branch, 53 m iles; total operated, 239 m iles,
m
The Q m < m a Roime road U% le m e d Its
; by | Tills is t!i Cairo Short Line.
arontoed tty Rome 5
iwn A C
skibart!
mortga ce bond* gu
0
«©dorsemmn%. (V. 5 2, p. 3 9 , 3 22, 463, 41)S 796:; V. 53, j K 7 1 3 , 793.
OUGASl .%T!05L—Shieeessor to the Terre Ilan tc Alton Sc S t, L ouis
a d , —OwiY"i from B e l
V t. , 120 | wold in S reelo*ore hi 1 8 6 1 , In O ctober, .1890, the m ain lin e, 19 3
< BorUztgtoia,
*
H u list
rough mai
age«, L m,Kmsi* in 1 890 j mllcan, w|i •h had theretofore been leased to the C levelan d Cinoinnati
m £ m . t i %iM road ha
i, Ja n u a ry 1, 18 9 1, i
Vo
the ; Chicago S St. Louis w as sold to th at com pany for $ 10 ,000,000 o f -4 per
to r 9110
;
if
,000 ! cen t lo o - ja r gold bonds- See b elow and y , 5 1 , p, 5*2, 1 14 , 383, 404,
dag ^$845,000 per an a.stm; till* i
amt®,}
■ #tri
and other
Matt Imp
p e rm
D t v s o r Ds on preferred stock. In 18 8 1, 3 p. c., and 55 In bonds; 1882
ISidUg'
s
m
% s i the pfo,|m r t j d iif1n g the nca lt fcitree ViE^n
yearly; la 1806, 2b« tu 1887, nil; in 1888, I Q; in 1 8 8 9 ,1 ;
170,000 pc
no|ithij
fm % m
| non© Mbc
c k now* and a fte r
■ o®ot on ttm prefer
mrms ■ m
w
5 3, p . :
.s
f &tQG-Ml J *o B 0 k i > .—‘T he p r e f e r r e d Mi&cfe has a prior r ig h t to a ciunu1 v* ■
■ m ortgisgi« mmy pay 5 pet* ©
tSKZtdilig t
: h iflv e div leiid o f 7 per cen t b efore a n y I# declared on ootamon and the
0CK
■ prefe:
mm
- T h e D ela’w nte A E li i t m u own;i #8y 1,000 o f
--rued to JXan 3 1, 1892, w ere 5 1 * ; per conA, or $800,035.
r, p a r * ! 00, P i f i M P l ’ s
find 81,6
ic e 1980— In I 's t l . Ik) per aen u in 18*2, 2: in i T h e sale of the m ain lin e did n ot aflhot th e status of this ecmipany^a
on preff
1880 and 1887, 1 h . in 1888, l ; i » 1889, 1t,; in ]; Mtearitie*. O f the $10,00^*000 bonds received, $250,000 are in »inlrp B t ms
n 1882, J a n ., 2, J u iy . 2 ; in 1693, Jan uary, 2 p. c. ' ins; fund for loan itse lf an d $t,L700.000 are reserved fo r bonda tna*
1396, 3 ; in lift
: tarin g in 1894. B y mean-* o f idle bond-* im m ediately a v a ila b le and ill
it roiltug stock an d per- ] other w ays thera had been retired to M arch 1 . 1803, $l,207,6€K) o f pro*
Bt>n>s T b *
j
trnalee. II. » . T ru s t C o . ! ferred stock and fractional^, leav tug $1,813,000 bonds in th ecom pan y,s
jOlSid pc
\
bat o f Eli
of a. v .
j tricisurv. See V. 52, p. -42, 8 1, 3 5 1 , 499. 720;
1 2 1 ; V.
255.
*» prior bond* fo r like am ou n t re tire
O f the $2,2W),000 S c tie * *t a n d B b&nd* given in the tab le a b o v e as
a vaginas
| o a ts lan din g, f 1 ,17 1,5 0 0 on Ja n . 1, 1893* w ere In the sin kin g fund alon g
Mto
5 ia.giti.aw X
1 A U o r o n ,i) r<..w! Jtu 29, 8 9 1. | with $239,424: in en«h,
Bed A xe, 87 oil h e Opened »* a .t a
s i L A lt & T. n . d ir id end b o n d * are not en titled to receive a n yth in g
O m m ufs stock an tb o riw d , $600,000;
is Januar 1 to Mar. [ fo r prin cipal or in terest until a ll arrears o f dividend upon the preferred
to the CWntiMBtni T r a n Co. as in
St 022,000 I stock and oth er prior legal cla in n sltall h a v e been adjusted, and anr*
3 1, 1893 {3 months), gro ss e arn in g
1892 Kro0 , *12 3 ,76 5; I plus ann ual earnings rem ain applicab le to such dividend bonds.
Is 1892. n et, §6,0'id , a g a in st 86,76;
President,
act. 838,084, a g a in st * 2 1,8 2 7 to !• « n .
Ln.iSEO L d * — B iJ k m itte *£ So. lU tu o u t Is leased for 999 years— re n ta l
Saginaw.
i to p, v. o f gross (mrnings up to $7,000 per m ile (except on eoal, S c e j,
0a g ln a v v V a lle y A M . I n u l * . 30 per con i above $7,000 and up to $14,000 per m ile, arid 20 p er cen t
t ' -A to
. U n it a
38 BElie-, and
[on a n y e xcess o f $14,900. Interest and sin kin g fund guaranteed.
1aim
if? :
total, 4 3 It
Common stock o f'B e lle v ille Sc bou th em OMnois is $417,000 and prerullag*$2?U,**ul; par, % tW h From 3 m u l
i ferred #1,275,000, and dividends on preferred stock h av e been— 4% in
■ gam
in 1-9 2
1893.
1 1881 ; 5% in 188 2; « ‘ i In 18 8 3 ; 5% In 18 8 4; f> in 1885 ; 5 in 18 8 6 ; 6%
, f® 4.063; net, $ 2 4 ,2 7 f | tber Inc
m m o
in 1887 ; 6% in 1 88 8 and 18K0; in 1.890, 87- ; in 1 8 9 1. 8*53; in 1892, 8.
■ehm t* w, #41(680, d*db m , $1*1,907 ,
1 The H tiU -r U if tf C a ra n d H c t h leased for 083 ye a rs from Ju n e 1 ,18 8 3 ,
s i , J o h a s b t i r y A T a k e c i i B m p l a t n . —O w na from I«tfBcni»erg, , at a rental of $30,000 per year, w hich Is a guarantee of in terest on th e
V t. to Msoilaii (toy, on I-ukr Cbunpluln, 12o miles, anil branch from I bands, the stoelr o f fSOO.bOO bein g ow ned b y th e St, L . Ait, & T . H.
The lie U m t t lt
B ld a r m fo is leased fo r 985 years from J u ly 1 , 1880,
North
on !, Vi
East H aven, I t mite*; total, 13 1 mil
p m , 131 miles. Re
| a t a ren tal o f 30 per ce n t o f the gross earnings, but $15,40O per year
ganiw d n 18-00.
$00,000 o f 4
filch on 3 m m SS, 1802, | guaranteed. Stock, $1,000,000; par, $100. T h e St. L o u is S o u th e r n
floating del
bonds w
j R ailroad (inclndlng (fa r b o n d a ’s & Shaw n& stoutn) Is leased for 980 veara
ud fo r other
e n o ttfite ie 81
| for 30 per cent o f gross earnings, m inimum to b e $32,000, and intoraat
ismied lip/to %
O perated b
on bonds being guaranteed to th at exten t. Stock $500,000 (par $100),
InmdMe
Iis y e a r ead in g J u n e
O c t. 1, 18® , ov
3 ; [ listed la S e w Y o rk in Decem ber. 1892, D ivid end o f 5 p e r cen t w as
gro-< earning,
; deficit, #15 r5 1 i ; l&toreet, Me,
j paid for y e a r 1892703, w hen ren tal am ounted to $80,156 a gain st
to J a n e 34) , 1-302, $ 5 3 1,178 .
d siicif, *63,084
: # 75 ,3 8 1 In 1891*92. T h e C h tcu fjo S i. L o u is i t P a d u c a h R o a d is leaded
la p o f Union Pacific.)— for 97$ years from M arch, 1888, a t 30 per cen t o f gross earnings, w ith
m . Jo# eph A b r a n d
I n la n d ,
tm tin, Seh., 232 hi ilea; Kan
guaranb-c o f principal, and ren tal to p a y first m ortgage interest. (V.
L ty tt o f SoAro ~rt. Joseph. Mo., to Os
%m *3tty 4 Om%,ha K fcttrw l. StromsbtiL sc to A lm a, 151 mile* and McCool t 4:7, p. SOL) The first m ortgage bonds on this road are redeem able a fte r
Jitaotlo nto S£imm m C it y A Omahn J n iCilon, 44 m iles; total, ‘1*17 miles, | Septem ber l , 1892, a t 105. I n M arch, 1892, 2 p e t cen t w m paid on
or o f th e 86, Joseph & Whet., sold { second m ortgage incom es.
B m o f r , On
in tm m m m m e ; a 4885* O t m m s d b| the Union P a cific, w h ich o w m | OsscEitAL F iv a x c k s .—'T he paym en t in 1894 o f tho $6,700,000 o f 7
l
M M l v f y d o f 4U« $-1,600,000 «to€k i t m , #100>, and gnmrante^i the in* | per cent* then due w ill free the com pan y from a il fixed in terest
i t I m m , drat m ortgage bonds j eb arge r and lea ve in its possession a eonsiderahle axnotmt o f t h e 4 per
o | th e firwt m ortgage bond*.. J
iittitteil to #30,005 and m m vrfL I per cent bonds received m paym en t for the m ain line. The b ills pay*
o f ©oii*®u«nt c4irn pan i * * o utktantli ng
*
m bond*
mortguf^ bond m to $22,409,' N et ,r accoun ts p a y a b le ” jtiti. 1, 1803. i able am ountad on Jan . I, 1893, to $t ,050,009, a gain st $100,000 Jam
$ & w rm
| i. 1892, the increase being m ain ly due to pu rch ase o f eq uip m en t and
new a*ynatm««t w w m a d e with Union Pacific by I paym ents inem m i'otion w ith retirem ent of preferred stock:. Busponao
2s J m wary, 189
which
la
riMiutWy for latereat on the la t mortfag© j m eoaut waa $360,654, See V . 50. p. 577. Com pany ow ns $500,000
OCNtkdaJknd the St.
%ph St Grand, lalarid la not reapotiafbl© for more j Bcdb-vitle A Uarondhlot ntook, $900*000 Ch- lift. L. < Padnoah sto ck
fc
lim n M ? the into
; on the Kauaaa C3ty M O m aha bonds*. In .lane, | a n d #500,000 o f th e la tte r road’s incom e bonds.
I§02 ,M i bat $13
30 o f the #1,079,000 o f the Income bond* had
K m f N ‘ .“, -Frora Jan. 1 to Feb. 28, 1893 (2 m os,), gross, $265,732,
dent w ith th e Union Paotfte under whJ.eh oonjHm
m m n f d t o th e m
• again st $236,080 in 1892; n et, $10 4,575, a gain st $105,0l i.
4nnJf\y 1,1890,5
to be paid, <Y. 54, p. 70. 985.)
MAiUfc bond* h a re inteveet ^iiaranteed b y St,
k m
A m W A h R k p o r t .— F iscal y e a r ends D ec, 31, A n n u al m eetin g is held
1 and Union Faolfl© under a perp etu al agreem ent a t S t Louis t o t M onday in June. R eport for 1892 in V . 56, p. 577.
J r n m fi < Grand la:
fe
- T h e Union P acific own* $1,595,500 bond* and
for c f r r n S im th e r*
Y e a r endt.no D ec. 3 1 .
1889.
1890.
1891.
1892.
#1 ,# 5,3 75 o f %be #4 10,000 stock of the Kanaa* City A Omaha,
Gro*s ^irnim rs......................................... $ 1,110 ,42 6 $1,336,910 $ 1,13 5,6 2 4 $ 1,5 3 1,8 6 1
Island ow n*
utoek.
W9mB L Joseph & (
I S et e a r n in g ,.....................
461,748
5 27,76 7
580,956
586,079
1 to March 3 .1,18 9 3 (3 m onths), grosa e a r n in g i Rentals p a id ..............
332,095
36*2,149
393 ,9 11
417,282
- $2*4,353 in 1892; n et, $ 13 4,772 , against
* ¥ ‘>.070 In i 8to
s earning*. $1,083,813; net, $446,317; other
$129,653 $165,618 $187,045 $ 16 8 ,797
f, $65,613; taxe**, $59,* j A d d rental m ain line, etc.
•410 ,412
'3 68 ,135 -3 5 1,5 73
452,720
exp enses, $3,597: due
$420*060*
E
»
g
rtiitef train*
til, #45,610; deficit fo r
$006,030 $555,180 $520,370
T otal net re ce ip ts.. . . $582,382
M ,. $‘40,4.04.
440,33$; n e t, $226,835. (V. 54, p, 79, Interest, funded debt, e tc .
409,000
469,000
470,608
523,078
43,
f. 965J
$ 5 1,3 70
$59,304 $126,422
$86,180
( 41. L o o t # A lt o n dt. k » r l n g f l e i d * - ^ M 87, L o tm COICAOO A Balance, surplus___. ....
B t, P a o i « )
$10,000 $138,388 $16 1,50 5
$19,009
N ew e<i'pt and beUments.
f St* L o u I# A l t o n A T e r r e S S a a t e ,—
3fap,>~-Proprietary line, j * Includ in g into rest on B ig Four bonds in 1890, 1891 and 1892.
■
tM#m St* Louis to Belleville, 1-1 m.0es. L e m m : Belleville A. 8oti.thern
%
; Sttatods Railroad, B ellc vl.lie to Dm Quoin. l i t , 5 7 m ile s; B elleville A 1 - ( V . 54. p. 524, 7 2 0 ; V, 56, p. 5 0 0 , 5 7 7 -
138
INVESTORS’ SUPPLEMENT,
[V ol . L \ I,
IN D IA N A P O L IS
KATLEOAB
Ma t , 1863. j
STOCKS
AND
129
BONDS.
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
RAILROADS*.
on first page o f tables.
Bonds—Prlnci
IN TEREST OR DIVIDENDS.
Miles Date 8ize, or
pal. When Due.
Amount
of
of
Rate per When Where Payable, and by Stocks—Last
Par
Whom.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
gt. Louis Alton ie Terre Haute—( Concluded.)—
L eased U s e s .
Belle. A So. HL—1st M. dnt.guar.) s.f., not ilr n.c'
Belleville A Carondelet, lstM..BeIle.toE.Carou.c'
Belleville A El Dorado—1st (int'estguaranteed)o-
56 1866 $1,000
16 1883
1,000
50 1880
1,000
50 1SS0
1,000
31 1886
1,000
S» Louis Southern—1st mort.. gold. Int. guar.
1,000
2d mortgage, income, nnn-rumulati v>-.......
31 1886
1,000
17 1887
O a r o o n u a ie x s n a w n e e i a m a . , g .,* u t. p u u . t
53 1887
1,000
tadc, :-t.L.A radueah 1st M., g..red at 105 guar.c'
1987
1,000
2d m o r t g a g e , gold, income (non-cam tila tiv e lc '
53
161 1886 500 Ac.
St Louis * Cairo—1st M.. gold, lnt. guar. M. A O .c
lssO-5 1,000
—
1,000
! 102 1898
65 1890
Arkansas Extension 1st mortgage, gold , c
1,000
87 1892
1.000
BLlMUis Chicago <t St. Faul.—U t m..$1,250,000
21 1891
1,000
St. Louis Fennell 4 Southern.—1st mort., gold.
1890 500 Ac.
__ 1889 1,000
St. L . 4 San F ra n .-ro e Atchison T. A 8. Fesystem.
100
St. Louis Southircs'em—Common stock.................
: :: :
100
Preferred stock (5 per cent nou-ciimuiative)......
: :::
1,000
1st mort. certificates. $16,500 p. ill., gold------c* 1,222 1890
2d M. Income cert., $10,000,000,non-cum.,gold.e' 1 222 1890 500 Ac.
1891 various
1 Oar trust* July 1 .1 8 9 2 ......................................
1,000
St. Louts Fan. a Terre H.—1st M.. guar. ».f. not dr.c* 158 1867
1,CXX)
2d mort.. sink, fund. not dr'n ($1.600,000 guar.). c' : i58 1969
100
St. Patti 4 Duluth—trommon stock..........................
....
lo o
Pref. 7 per cent stock and scrip subj. to call at par
1.000
1st mortgage......................................................e' 167 1891
1,(X)0
167 1887
2d mortgage......... .............................................C
1,000
21 1884
Taylor's Palie A Lake Sap., 1st M gu., s. f. not dr.e*
St. L o u is A r k a n s a s A T e x a a .—S ee Sr. Lock ) So cth w e s te b x .
St, L o u i s A C a ir o .—Owns Cairo to East St. Louis and branch, 161
mile*. Tbs former Cairo A St- Lotus made default April 1. 1874. and
was sold In foreclosure July, 1881. Stock Is $6,500,000. In January,
1886. a lease was negotiated till January 1, 1931, to the Mobile A Ohio
HR. on the basis of a rental of 25 per cent of 15061 Oths o f the gross
revenue o f the whole line. Mobile to St. Jxmls, this rental being guaran
teed by the leeeee to amount to $165,000 per year. In year ending JDM
30,1891, gross, $806,679; net. $177,424 (against $159,939 In 1869 90);
rental to el- Lonis A Cairo, $191,914. Rentals in 1891-92, $185,790.
O.
D.
J.
A.
8.
8.
S.
8.
3.
J.
S.
S.
J.
S.
A.
0.
A.
In default.
In default.
N. Y. Atlantic Trt. Co.
N. Y..Ccut.Tr.A St.Louis
N .Y.,F'rsL.A Tr. A St.L.
N. Y., Farm. L. A T r. Co.
Oct. 1, 1896
June 1, 1923
July 1, 1910
Aug. 1, 1920
8ept. 1, 1931
Sept. 1, 1931
Meh. 1, 1932
Sept. 1, 1917
Sept. 1, 1917
Jan. 1, 1931
Sep. 1900-1-2-5
Sept. 1, 1908
Jan., 1910
Sept. 1, 1912
Feb. 1, 1921
Oct. 1, 1930
Feb. 1, 1929
16,509,000
....
20,000,000
20,000,000
4 g. M. A N.
8.000,000
J. A J.
521,688
6A4 f
various
1,999,000
7
J. A J.
2,600,000
7
M. A N.
4.660,207 See text.
......
4.962,210 See text. M. A 8.
5
1,000,000
F. A A.
2,000,000
5
A. A O.
210,000
J. A J.
«
N. Y., Central Trust Co.
A fter '90, when earned.
N. Y.,Central Trust Co.
N. Y., Central Trust Co.
do
do
N. Y „ Of., 32 Nassau 8t.
do
do
do
do
do
do
do
do
Nov.
Nov.
1893
Jan.
May
July
Mar.
Aug.
Oct.
Jan.
$1,015,000
485.000
220.000
330,000
550,000
525,000
250,000
1,000.000
1,000.000
4,000.000
111,000
889,000
175,000
750.000
180,000
(!)
2,000,000
8
6
7
6
4
5
4
5
5
4
6
6
6
6
s
5
6
gg.
g.
g.
gg.
K.
gg.
g-
A. A
J. A
J. A
F. A
M. A
>1. A
M. A
M. A
M. A
J. A
M. A
M. A
J. A
M. A
F. A
A. A
F. A
N. V., State Trust Co.
do
do
do
do
Pd.in'91,coup. Feb.,’ 80
N. Y., State Trust Co.
do
do
do
do
do
do
Paid 2 p. c. Mar., 1892.
N. Y., Farm. L .A T r.C o.
Year ending June 30—
Gross earnings...................
Operating expenses.........
Net earn in gs................................
Total net, Inel. other lncsfine.............
Taxes
.............................................
Interest on b on d s.....................................
Rentals, e to ........................................
1. 1989
1, 1989
to 1898
1, 1897
1, 1898
5, 1887
1, 1893
1, 1931
1, 1917
1, 1914
1891.
$4,323,656
4,849,654
1392.
$4,636,461
3,824,294
def.$525,998
........
...........
.............
...........
$812,167
$937,268
107,326
800,000
10,248
Balance, surplus...........................
$19,694
St. L o u is C a p e G ir a r d e a u A F o r t S m it h .—Owns from —(V. 54, p. 34, 840; V. 55, p. 463, 5 87 .
Cape Girardeau, Mo., to Hunter, Mo., 94 m ile*; leases branch to
M . L o u is V a n d a lla A T e r r e H a u t e . —(.See Ifrejt Fittxtnurg C in
I flip— 9 miles': total operated, 103 mile*. Successor to the Cape Girar
deau Southw*»tern; name changed In May, 1891. On March 4. 1893. cinnati Chicago 4 St. Louis.)—Owns from East 8t. Louis to Indiana
Louis Houck, President o f the company, was appointed receiver pending 1Stale line, 138 miles.
a reorganisation. See T . 56, a 465. Stock aiithortxed, $2.OOO.0ix>-. outO k o a u z a t io x , L ease , Etc .—Rend opened July l , 1870. Leased to the
ijH ikttog, $1,150,000. p*r, $100. A general mortgage for $7.5<>o,o«g) was Terrs Haute A fndlnnnp. RR. (for account of Itself and the Pitts. Cincin
sBtbori/. < There are also outstanding $150,000 7 per cent Incomes. nati Chicago A St. Louis RR.) at a rental o f 30 per cent of gross earn
1
In 1891 gross earnings. $174.612; net. $80,647. In 1890 gross, $163. ings. the profits and losses being divided between the lessees In the
807; net. $83,677. Receiver. Louis Houck, Cape Girardeau. Mo. (V. proportion of five-sevenths to the Pittsburg Cin. C'hle. A St. Louis and
two sevenths to the Terre Haute A Indlannpoll*. The V. 8. Supreme
54, p 441 ; V. 56,p. 465.)
I t . L o u is C h ic a g o A St. P a u l , —Ro a d —O wns from Bate*. 111.. l Court Id May. 1892, upheld the lease. V. 54, p. 846. Due by T. H. A
toAlton, 11L, 87 tulle,, branch to Grafton. 9 miles; use, Wabash tracks I. Dec. 31, 1892, $153,495.
to Springfield, 13 miles. Extensions to Springfield, It)., and St. Louis,
CsriTAL B t o c e .— Stock, $2,379,358 common and $1,544,700 o f 7
Mo l ,o •
. .» all. In progress. Successor to the St. Louis Alton * per cent cumulative p ref.; par $100. The Terre Haute A InilianSpringfield, sold In foreclosure July 9. 1892. Stock suthorlted and j spoils own* $320,000 preferred and $500,000 common stock, tho Penn
oMetandm*. $2,000,000- par $ lOO. Boxd s —T he first mortgage (trustee sylvania RR. $837,000 preferred and $225,0*K) 2d mort. unguaranteed
Atlantic Trust Co.) provides for building extensions, and covers all the I 7s, and the Pennsylvania Company, July 1, 1891, $1,350,000 common
road, its equipment and terminals. Consolidated mortgage for $2,000, and $361,700 preferred. In October. 1891, the back dividends on the
000 authorised but none Issued. K akh is o s —In year 1890-91 gross preferred were paid for 1879 and 1880. In April, 1892, for 1881 aud
earnings " f old fit. L Alt. A Spring were $109,480; net, $7,131; lnter- 1882, and In October, 1892, for 1883 and 1884, payments resulting
esf, $7,220; taxes, $6,098; miscellaneous. $0,930. (V. 54, p. 204, 924; settlement w it h ! ----V. 55, p. 10O.) Post. Martin A Co.. 45 Wall Street. N. V. Fiscal Agent.
Bo sks is d G c a r a x t t .— The first mortgage and $1,600,000 o f sec
M , L o u is Ir o n ^ fo u n t a in A S o u t h e r n .—SEE M issouri P acific - ond mortgage bonds are endorsed by the lessees, and also by the
Pittsburg Cincinnati A 8t. Louis (now the Pittsburg Cincinnati Chicago
St. L o n is y fe r c h a n t s ' B r id g e T e r m i n a l . —Thl« company
has under cvcstruetlon a double-track railroad In the city of A 8t. Louis RR.), with an agreement to purchase the bond and Its
S t Loots, extending from near the Union Depot on 12th Street, via Main coupons as they mature. If not paid by the Vandalla. See form of
8creel. Flail Sheet. A c , to Ferry Street opposite the Merchants' Bridge guaranty V. 56, p. 049. On Jan. 1,1893, notes payable were $200,000.
E a r s im ;*.—I n year ending Oct- 31, 1892, gross $1,869,966; net,
etc. I t leases the Merchants' Bridge, agreeing to pay the Interest on the
Bridge Co's $1000.188) bonds; It owns and controls the Electric City A $598,596 ; rental to HI. L. V. A T. IF., $560,999; expenses, $04,784; net,
Illinois R R ., Connecting the town o f Madison and East St. Lonis; and $196,215; total net. Ineluding other Income, $523,163; Interest paid,
leases the Vtolee A Csrondclct Belt HR., which forms an outside hell $314,930; balance, surplus, $308,333. General surplus Oat. 31,
around East It. Louis. Extensive yards and terminal facilities will be 1891, $.531,417; dividends on pref., 8432,516; general surplus Oct.
maintained Id St. 18ml* and East St Dulls. The mortgage o f 1890 Is 31. 1892, $307,134. Profit to lessee In 1889-90. $100,466: in 1890 91,
for $3.500,(DO to the St. Louis Trust Company, and oovere all the $62,430; In 1891-92, $37,598. (V. 54, p. 286; V. 56, p. 460.)
property o flh e company. Both taeues o f bonds are subject to call
s t. P a u l A D u lu t h .—Owns from Bt. Paul, M inn.,to Duluth, Minn
after 20 y*’A * at 110 and Interest. In March. 1*93, It was reported ; 155 m iles; branches to Cloquet, Grantaburg and Sandstone, 28 miles;
that a new lepot to cost $5003X8) or more would lie built in St. I-ouis, leasee—8011 water A St. Paul Railroad, 13 in ill's; Minneapolis A Duluth
at Junction *f Broadway end Third street, by parties Interested In the Railroad, 13 miles; Taylor's Falls A Lake Superior, 20 miles; Duluth
Merchants' Bridge Terminal. See V. 56. p. 414. Stock author!led, Short Line, Thompson to Duluth, 18 miles; other, 3 miles; total, 248
$3,500,000j par, $100. General office, St. Louis, Mo. C. C. Rainwater, miles. Second track. 17 miles, July 1, 1892. Between North Paciflo
President.
J unction A Duluth. 24 miles, road Is owned Jointly with the Nor. Pacific.
•t. L o a f , A I s a F r a n c is c o * —
BEE ATCHWO* T oi-ek a A Saxta Fe ,
D is t o r t .—Bold in foreclosure May 1 , 1877, and reorganized.
* t . L o n is W outh w e s t e r n .— Hoad extends from Bird’s Point, Mo.,
C a i -it a i . St o c k .—From the earnings o f the railroad tho preferred
opposite OUto, 111., to Texarkana, Tex., 418 mils*, and thence by i stock has a prior right to 7 per cent yearly, then common to 6 per
the Texan road to Gatesville, 305 miles; total, main Une. 723 m ile*; cent, any surplus going to retirement o f preferred. The preferred
branches. It. Pleasant to Sherman, 110 miles; Tyler to Lafkln (narrow, stock ts also received in payment for lands at par, and Is entitled to
gauge). 87mlie*; Corsicana to Hillsboro, Tex., 40 miles; Commerce to receive from land sales any part o f its 7 per cent dividend yearly for
Fort W iirf, 97 miles; Lewisville, Ark., to Bhrevcport, La., 60 miles; which railroad earnings do not suffice. A ll surplus land sales not
Althelxnef to Little Rock, Ark., 42 miles; Malden. Mo., to Delta, 51 used for dividends on the preferred stock go to the retirement o f that
miles; ot*>r branches, 12 m iles; total. July, 1892,1,222 miles.
stock at or below par. the preferred stock being subject to call at par
0 « n * vgATiox. —Successor to the Bt. Louis Arkansas A Texas, whose when drawn by lot. If not purchasable below par in the open market.
road wadmld In foreclosure In October, 1890, the same property having In December, 1891, $182,000 preferred was purchased and retired
been ;-rr lously foreclosed In 1885-86 8ee plan o f reorganization In from land sales, and in SopemWcr. 1892, $226,600 was drawn by lot
CHBAXg.E, V. 50, pp. 141 and 561.
I and redeemed at par. Three ehares o f common stock have one vote,
The ‘
.............
Ixation consists of three eo:re rations.—the 8t. Lout# South- and each share o f preferred has one vote.
weal
ail way Co., the Bt. Louis Southwestern Railway Co. of Texas
D iv ik e x d s .—On common stock; In 1887, 3 and 15 In common stock :
and
1 t Southeastern.
s
In 1888 and since, nlL Dividends on preferred since 1880: In 1881,10
—The first mortgage certificates are Issued against a like stock ; In 1882. 3*gIn cash; In 1883, 7; in 1884, 3>s and 7 In preferred
o f first mortgage bonds secured upon these lines at a rate not stock; from 1885 to 1888, 7; In 1889, 5>s; In 1890, 6>a; In 1891,
ng $16,500 per mile, anil the seeoml mortgage certificates March, 2ti; 8ept., 4>g; In 1892, March, 3>o; 8ept.,3>a; in 1893, March, 3>s.
second mortgage bonds at $8,250 per mile,
L arks .—T he company has a land grant, of which 1,104,144 acres re
new Incomes will receive from January 1,1891, such Interest, mained unsold June 30, 1892. and 01,455 acres of till' Taylor's Falls
payable semi-annually, not exceeding 4 per cent per annum, as can be branch grant. In year 1891-92 sales from company's grant were
‘ out o f net earnings o f the railways during the preceding fiscal 5,670 acres for $38,894, and gross cash receipts wore $149,290 (of
after payment of operating expenses, repairs, renewals, replace- which $95,645 from stnmpago): net cash receipts, $128,756.
», taxes. Insurance and Interest on prior liens. The Issue of these
F.arxiso s .—July 1, 1892, to Mar. 31. 1893 (9 months), gross $1,653,fleates may be Increased up to $10,000,000, subject to restrictions
747. against $1,483,116 In 1891-92; net, $624,769, against $608,181.
tafia mortgages. Bills payable were $270,261 July 1, 1892.
AXXCAI, R f.is ir t .—Fiscal year ends June 30. Annual meeting at 8t.
akxixos ,—From Jan. L 1803, to March 31, 1893(3 months), gross
Paul second Thursday In Ostobcr. Report for 1891-92 In V. 55, p. 677.
1,295, against $1,055,647 ; net, $193,641, against $105,452.
Year ending June 30—
1890.
1891.
1892.
snresL Re po rt .—Fiscal year ends June 30. Annual meeting Is held
$1,621,939 $1,934,510
Texarkana, Texas,on the Monday preceding first Wednesday in May. Gross earnings............................ $1,410,527
Operating expenses and taxes ... 1,017,458
1,071,192
1,291,586
port for 181) 102 was In V. 55, p. 587, showing earnings as follows.
) road having been in the hands o f the receiver until May SO, 1891.
$550,747
$642,924
Net earnings..........................
$393,069
the operating expenses are included In 1890-91 $1,089,100 for bet
$678,987
$575393
Total net Income...................
$415,566
terments. against $129,267 In 1891-92.
kSO
IN V E STO R ’
SUPPLEMENT.
[VOL. LVI.
M , 1383.]
ay
.RAILKOa D s t o c k s
akd
S n b a t -r lb e r a w i l l c o n f e r a g r e a t f a v o r b y . I v i n , I m . ^ d l u t o
R A IL R O A D S.
For explanation o f column headings, Ae., see notes
on first page o f tables.
Date . Size, or
o f [ Par
Bonds! v S
Ou1“
bonds.
IN T E R E S T O B D IV ID E N D S .
When Where Payable, and hy pal,W hen Doe.
S tock s —E ast
P a yab le
Whom.
D ividend.
Ilg
« . Paul * DuhOA—f Concluded.)—
Duittth Short L. 1 st M, gtiar.,oum.,s.f. not d r 'a . r
SHBwatef A St. Pan! 1st m a r t . g. snot m a r ) ........
$500,000
248,500
5
7
A S .N . Y ..0 E 32 .Nassau St. gopt. 1, 19 i e
A D.
do
do
D ec. 1 , 1900
6.250.000 6 per an. Q .- F . N. Y „ Office, 35 Wall S t M ay, 1893
438.000
M. & N.
7
do
do
M a y 1. 190T
7.985.000
rem.
6g.
do
do
F eb. 1, 192 3
4.800.000
17,100,900
» . Y., 23 Broad 8 t
4 *- J. A J.
Jan. 1, I 9 4 g
St. Feu d M inn. 4 M u n f t o ia — See G reat N orthern —
8 t.P a u i& N o.Pa tV /ic—Stook<$lO.OOO,0eO)»«thorix,d
Western RE. Minn. 1st M. RB. covered by gen. M.
General m ortg., guar., land gr. ($10,000,000>.e*,*r
Sen A nL 4 A ra n m x Brest—B t e e k ..........
1st M. for $21,000,000 g „ guar. p. & 1. tend.) ,c ,ir
S an d u sky 4 O oinm tnes S h o rt S t n e .—S'BW. t ’oi.t'MM Sandusky M a n s fie ld 4 yeurarh -Re-organ.‘ m i stock
lst-S E in t gn. u n derlease b vB. A O.tuid C e n tO ... <•
*
San F ra n d s e o 4 N o r t h e r n P a c i f i c , — S to c k ... .
1st .Wort., gold ($.1,500,000), s. t red. at n o .- .- * *
Santa Ft Pres.4 Phaniz-\st M., $29,000 p.ru.,g.c*<*r
i S e m n n a k A in t r i m s 4 M o n t g o m b u —S t o c k ..............
Am erieos Preston A Bumpkin 1 st mortgagee
ConsoL mort. $4,100,000, gold. $12,000 per mile, c*
j
Second m ortgag e...................... ............................
A lb .-Flor.AN'ur. 1 st SL, gold, $12,000 p. in , guar. C
M ontgomery Term in al Co. 1 st m ort., gold, gn a r.t
Savannah FUirkia 4 Western—Stock.............. .
A tlan tic A Gtiif consol mortgage.....................e*
So. Go. A Plor.. 1st Sts., end b y s ta te o f G eorgia e
2d m ortgage.......................................... ...................
8 av .F l*.A W eot.eoiu o tM . f$6,500,000) ,gotd.i-'i-r
MoatieeUo extension bonds.................
Brunsw ick & W. 1 s t Kt. B runs, to A lb an y, g, gu e*
Income bonds, urnt c u m u la t iv e ,..........................
Saeannah 4 W estern—C a la m b . A West. 1st M , gu.c*
Columbus A hom e 1 *t m ortgage, gu ar
e'
1st consol, m ort. (913,000 per mile), gold, g u a r.e
S a m e & Carrollto n 1 s t m ortgage, gold . . . .
131
n o t ic e o f a n y , r r „ r m s c o v e s e A i -
,
1,0 00
1,000 I
; . .. . |
100 !
1867 500 Ac,
1309
1,000 i
1869 I 2,000 '■
1,000
j
1||1
■
1888
1888
1881
1984
1880
*88C
,000'AcJ
1 E00O
1.000
I 1,000 i
! 1.000 !
TOO Ae.i
’ 1,008,400 See text, F eb, 1 . M ossN . B k .,S a n d ’fcy,0 .
2.800.000
7
J. A J. N. Y „ Union T rust bo
6, 000,000
4.166.000
A J. Y .Y .,4 tiW all,A F r’n k’frt
g *
(1
1
A 8 . N. Y .,M e rca n tile T r. Co.
5 g.
1,614,200
250.000
"7
A J. N .Y.,N fat.F'kB’kA A in or
3.350.000
A J. B alt. M erc. Tr. A Am ur.
6 g1.890.000
420.000
g - J. A J. Bult.Merc.Tr. A Dep.Go.
208.000 _
8.
do
do
0 «■ M. A
6.793.000 See t e x t
• ••
N. Y. H. B. P la n t
1.780.000
7
J - A J. S .Y .,1 1 . H.Piailt.AKavan
464.000
7
M. A
N.
do
do
200.000
7
M. A N. K .Y .T iB .P la n t ASavan
4,056 .ism 1
A. A
O.
do
do
290.400
%* A- A G. do
do
3.000. 000 1
J. A .7. N.Y.,12 W .£3dBtA8av.
3.000.
06'>!
None paid.
800/4)0 I
J. A J. J u ly ,*#2, coup, la s t paid.
6
200.000 l
6
J. A J. J u ly ,'92, coup, laetp aid .
7 .7 3 5 .0 0 0 I
Men ,’0 2 ,ooup. ■ st pd.
fu
la .
5 «• M. A
1 50.00 0 1
6 g. )J. A J. Jnly.'Og.ooup? 'last paid.
‘
Iy,'92 ,-----
i
S*
Tear ending Ju n e 30—
1890.
1891
*82.oo3
093,548
Rental* paid— ...........................
Interest cm bonds........................
150,000
150,000
Dividends..................................(2 m 184.117 (64)348,749
26.912
81,900
fW «l»H«m iM(»............. ........................
Pel). 1, 189 S
Jan. 1, 190 9
Jan. 1, 1 9 1 9
Sept 1, 1942
1906 A 190 6
J u ly 1, 1 9 1 9
J n iv 1 , i o a o
Mon. 1 , 19 3 2
Jan. 2 1, 1893
J u ly 1 , 1897
M ay 1 , 1899
M ay 1 , 1899
A p r. 1, 1934
A pr, 1, 1899
Jam 1 , 1938
Irredeem able.
Jan. 1 , 1 9 1 1
Jam , 19 14
M oIl 1 , 1929
Jan . E 19 1 6
1892. !
f™™ C o nlele to A il,an y, Oa., 35 m iiw ; total operated 300
$96,497 I mile-*. A n extension from O m aha to M ontgom ery. A la. s o Inl[,, w ,w
150,000 " iw w d hi April, 1892. See V. 54, p, 684. '
’
0S
(8 ) 423,001
the Am ericna Preaton A Eumnlrtu. In Hoy
69,394
I JSP*. * ; ‘ H aw gina and T, M lla m b irto n w ere aptminted Teceiverm
Balance from HR. operation s. sur. $22,531 def.$44a0 4 d r f s s u a o f i ! Bondholder* a *k « l to deposit tholr bonds w itli Merc. Trust Oo. o f B a lti
Bc-t-. from -ram page and land.,.
192.848
240AIG
7 5 ^ 7 more, pendine rhorgan haflon . iV, 55, p. 927, 1036; V. 56, p. 280, 4B5d
B,).vr.A~The consolidated m ortgage in fo r $4 100 (Wo im ,
Balatiee....................................mir.9215.382 sit r #201 242 sur 4 16 3 0 i T7m*t Co m pam -of B altim ore, trusttsp, and is a first lien e x c e p t on 3 8
- I V . 53, p 157, 5 0 7 ; V. 54, p, 27#; V. 55. p, 0 77,7
» « r.f 1.....401 m iles, upon » uteh taore are outstanding $250,000 old first mo.tenure
S i, P a u l I f U n u g ip e li K A
t t l i t . b u .--.8 eeflKKAT X outh eh n
bends, u> retire which a lik e am ount of console is d e|K *iu d in tr o S .
l,a r tru sts and ante* J u ly . 1892, *5 4 1,4 5 5 (Including interest) due
*». P a u l A M o rt h e r n V u e l a e ^ - f S t t M a p .V orth erH P a t i t i,
llm ,
SraJnerd te S t Pau l 148 mU.*; Elttl* fa ll* t„ Staple. Mill*. 34 yearly 180 2 u> 1898, payable Us m onthly Iruudm eata. A u th ority to
mile*; tetai, in - iallce. o w n * tem iinala tn M i a n
20 acres and *»,„• ell-M K W receiver's certificates was gran ted in April, 18W . Toted
lim iting , . , i n May, 1893, including e a r trust*.
\yai said to be
a*>om r 1,000.009. and second m o rtgag e as above, $159,000.
K s k w w j a — F mmu Jon. 1, 18SW, v> A pril :io, 1893 <4 month*), gro w
canilng* w ere $ 117 ,8 5 1, against $147,720 in 1892. I n y e a r 1M m »
Pn«)rKhTT.— U-a«-d fu r 999 year* to th eS o rth e rn t i u - m a t a cross, $500,823; tu t. $ l89.7«kB In terea tas bonds, $138/,0<b In 1890-91
in i ^ U . % 9 X U“ *
and K L T f e
‘ ^ " - “ - ' ^ " - m p a n y s .lock
Borwg- T h e bond, are guaranteed by .Vorthern PaclUc. See V. 56, p.
849, lnter. *t ou e..o|K)n non.U I* payable F. A A.; on regt.tcresl, G .-K
or iS«,aa«,000 111 all owned by Y u rtb em FaeUtn
P C n g n d a front 1883 <0 Feb.. lS 9 3,ineiairi« e.6 per Mint (»r annum, and
>te t § s )l try <11t U U m o f t m r p im 0 { * r ©ent extra*.
—in fw tr
w sw ng Jane 3 0 ,18 92 , gree*.
.m e . i
,J g lS X
net $1,070,936, against $1,024,068 In 1890 91. (V. 56. p. 2 gy, 04».)
Nan A n t o n i o A A r a m . , , , P a * » . ~ /See lfo ff 1—Owti* fnro, K e r d i u
Y m S S S ftS ’ w ^ .
»« , v >rp«» C b rlsli. T . v . !K im i|e*t
1
?
a^ o ' I I ? “ B »* :S * H m o r e to A B e e .4 3 m ile * f Stabler to
Ixielib art >4 iniiw ; br»Bel>«*, 22 indie*; total, (ISO mile*.
*Il Tu®'r-—Ite 'e g u n iird in 1893, m anagem ent passing to the Snnth
Paellh? ( o u j a t i y . ST-k .-k -etm -k i- 41.8O0/KW, o f which Southern
p%,. E «, r ^ jc jv e * ge/ jd o/ jig) i » r g u a ra n ie c is g bond*.
H os.,*. ,P ir «: j
(trustee, fe n fia J [ r u « « n.j, »u d th e South
«7> P »«in e < .u .p an v, t.y coduracm ent on each bo n d gu an u n eeetin
ft # p m y a a l paym ent .it the princiioU »n d in t e r e »t ' !
O f tte S a i.w iO iK W a n U jo r u id , Si7,UK).tiOO w a« u ^ d in ti,e reorw in
2
■ htaliop*. #l/'(K>pi)0 m ay he. applied to imprt>v»>iuente» and eoulpiuei'it
p a g » » e n t,m ila g e aad~fo.7OOto50 la reserved for exteswdotj*, lim ited
Oupont to O alncsviB e, l l g rnllBs; TbotiuniyiUe to A lban y, ^8 miles
T7,
y UI c , Ga , to MontlecUo. Fbt.,24 mile*; W aycross to Joelcsoavilla.
7 5 mil,.*; F o rt White, to Esko C ity, h a , 20 m ilcsf total. 569T u D o T ^
o f w hich this read is the p rincip al m em ber, u n it e
.lurleston. ~ .«... with M ontgomery. A la., etc., and upon com tdatlon o f
» short eountMdirar link tinderm m etruefion w in trusindc a thnussC lin e
u . ramp's and other F lorida Rotate.
Be,W on the 569 m i!« d e X r lb S
"■ t*‘7*7**®™ Inolnde, tins O m rliw ton A Mavannah, 133 miles: the
B ru n sw ick A W estern, 1 7 1 mites; the Ate. M idland. 209inUag- the
8W w r 'fPritat* OtuJa A G ulf, T S ^ I I m j
to tal, 1,408 ruUes. [Bed sep arate stetem on t for caoh oompaxiy. o ic o n I
B ru n sw ick A W estern, wlsoso b-m ls are given at.,ivm) Thor.- are
f — 77 .’JiU» o f steam er lines, taoludhuc Umts to M ay*nn, Mobile o t A A .
^ X ^ ^ n V ^ ^ S ^ a'i ^ Boa0,
n d“
0H
UW
hUKl “ n1 SUver
<
DtviD'Gtoi,— lu1001,9 %.per ooat; ia 18B , 0*o; in i « q 7• it* 1rra
^
2
3
- ' l » ^ A i i A l 5 ; ta 7 !i3 , j 'l *
ie
K n SSamlIe* S '
f w tafia. o*»n»tructcd "tteJTmUppcd. See i W p c " « m t ! 5,; 10 1 M y ' * ln
a b *v r*« o to a rtga ge In V. 56, p. 540.
1
EA nyiK O A -PYom Jan. 1 to March 3 1, Item tit m onths), rrosa * 843 .
filiXKntes.-— year coding June 30, 1892 w o *. S i 587 808fc
977, a g a in st 4896,9-17 in 1892; net, .$369,913, a gain st $352,691.
Fox h a lf y e a r en din g Ju n e 30, J8f»2 grows, $1,693,898; n e t $594
<v04B; «t.lWr iti€M
i»ra«% ^ ,$ 3 7 s U **.m asW /'l^-i H47 * iatBrnnt #4*1 <-009
a m t A^H ocgrre e o , u r a b a * » B « r t I d o , , — Skew O o u riiB o * S iu w bAh*UC4S- Mtrplui*. $ 3 0 4 .4 0 1;
^r* 1
to •*«»»« B »,
C
1013^07.
1
In i m i t p » i 1 eemiiuEHp #4 , 200 ,0 0 2 ; net, $ 1 , 1 1 1 , ^ . §« io o a
*
S a n d u s h y ,7Iatt>li)-UI A V r e a r k t e n u n from ean d u sky, O to
4
Hcwafk, O,, fib mite*. I o u a I to Ckmlral Ohio ctiarai.'.,- ,) ;.r Bai’ i g r o m * $3: KJ§,473; n e t, $045,034, -y(0f. 64, p,...441: V, 60t. p, 4 3 4
* 0 « o . D 'b. 23. 1 *80. tIU i s * , i, U ,w , wVth o l
p , th e B t e t i
sn v i« « iiia ii 4c W e i t e m r * O w b i from Birm ingham . Ala* £n atowy
jo fa ic w te r term* of 20 years m e b ~ S l i w M B M i f f i A
i®u«f O a ., 121 tti&toos nolmnlm* to CJiwmvilla (narrow muKei 40.
m
f a t o t a M e r t * Ubte's guarantee o f Interest .* endorsed on the mind*’
to i' l n . > ^ d ^ t' i,^ o u '''* 0V-!7 ," u,v‘'- Bufauhi to Oxark, 60 m ,; stoldrim
!>
to Lyons, 58 tog UritBu v> C hattanooga, 1 9 7 in,; total, 622 utiles,
i . t i-ou, 1|W 1 's :J '? ’ r * .- - 3*3
i ! : : ; ,' 1S0-.,
Iflt
o» ftn mi? ; In« !**»■;« i Ppitm irv
r a r > * *« i V V S t
UtsTORV,—This w as a (KHtMiktetton tn A u g u s t 1888. o f thn ctdnmbttg
siu iu a l)^ p y . F u ia t ik o D k n r J u ly I, 1801, f i jg i8 u K VH* i SOIL—
A \ves., rn and other n
tB e O n n
^ 1 * U K O . . . t l W E O ? , net. $199,126* In IS W 9 1 . g n ' S . ^ r The • -TUtal w ent intot e lg Tt belongw *ein 1892. k h t <».y..x l a ..y*re.m
receiver'* hands
and Urn h ito rre tim
106.818; net 255^159; profit to lessee, 433,7! 1.
' ' '
Hitvan. A W retern bonds duo S e p t T w a s not paid, fu to n w t ou ( b i t
*“ *! * 8 o y U i P n e i i t c e - F o l u t Tiburen. OaL. to Ukiah
t e , " t ' F in n *
a,',‘l Rome A Carrollton bond* w as defaulted
I
-t-'A
plifcii o f r ^ p m tn ix & tk m
u ~’ M n.
,
S
»
tailor • total 165 mli.-- tteu.*olt‘tet)im s hii.. 1, 1^04, H f (.fYniral «f Ha.
« mnSSS. * ™ l nu,tas March 19, 1889 c*mu.-.-ts with 8uu rrnii. i-.-n am!
tj*5# ftino v , 50, p» £>07. UxtfUiv an opposition r>lan
1 ‘J '■ 'tatjmuj'ajtNnuner. S t o c x is $#,«MM/a00, ot which the .— ••iriiie* are d « nosltetf w ith tim ('oiiw al T ru st Oo. (se«AE56, p. J i m
{fUDO^NMii w p
its ^ b r s a r r
to tiin aud su it for H»re<io-u»e ami sep arate receiver w as brought.
s ilT Z r .fl
* '. '* « • r-. 165. 375.1
&»<HUS.—$3,000,700 (par «it)0), nil ow ned by tlm Central o f (JoorgiA
« « KJ i r , t r i - i s t e e , M oreantlie 1 rust Co., New York; -in kin g fund.
£ * " 4 ’ draw“ * » 110 and Interest. (Mortgage ! ii. (Kits.~tMusnlldatotl m ortgage (trustee, O n tr a l T ru st 0 o „ ST. Y .l, is
V .41*. |* - 4 1 , ) B*mdb
u * Julv {, »SflST *7fi tHM
l
ter uoinluaJly # 18 ,000 ,000 . o f whioh #i,iKK),(HK) held in tru st ter prior
««»»»» VMtXf! Ifv r e - i:« 2 2 ,7 5 4 , lh-»s; rtlwtrttet o f m.irtLia;.- |u V. If), p. 240; principal anti m ierest la
A u a n n n g wo. or tin . Deedi
eed
i
1' i ;
»i - t - 2 m ,a si.
f
i voarairtew l hy Central HR. I'f Banking Co, o f Oa. S _I.. efa tU t .ilmve.
O jn tral o t 9 a mi J u ly 1. 1M»2, ow u .sl 41 410AAA oonsnls.
#1,626.000
K ,
the r,» vti„,i ami »|| tl»« n -s-te or the (fim irauooga
Rome A Columbus, Chattunm tga to OarreUton, 138 mile*, wore ortrCh . •.**.. arid Ite #3,240,000 first m ortgage b ondsgnarautom i bv tentaneta''1 tltelbsui: #1 .,<(,(««) „ r o , sn Ismds are held to redeem tuo Rome
,'1
...... 'G *._ |-r.,J.-, t-.| aI,rt under iwtostrnr
’s-r-r
A C ar. hoods a t m aturity. The stWfit o f thn C. R. A C. Is ....... tie owned
V
* ' “ 'H i Rail read, via l*r«-.-..it to in i . n t r a i o f f lo ir g ia Tic- CcnE o f u s . reorgauiziitlnu plan did n ot
4sv
M..
20<| m ile*, or whioh 6U mUe* umupfeted in prnyide f o r the iKifiiueof {3i«tt. Kimm A c o l., and In Maxell, i 8 06 , .the
fo rk t s e , M
for $,t,M#u.otiO- U erraottte T rust
New
(oy t a t y e t e e . A .tu-ynor w n tra u t with the A lc b te m Tom k a A e a n ta I t . H A t . wo* plotted in liantls o f VV. C. Bunn as receiver.
^
a2 ^ „ (2 L 5 ;:
n l f ‘,r l’*In*rr 5 per cent or tlm s t o r e ." r e 1 Kt|<M yn«.-~krei" M arch 4. 1692, to Mcpt. 30. 1892, tli« reoe te e re
.
rile (.a o tr a jo f iia . twp»yte>l gross -earn in g s as # 651,454 ; de n;tt, * 38 .
hsnyoi atete s
upon all buxines* n.i.-i
'**> ir n t r a l o f (i.-orghi. In ihiio -iH gross earnings w.-r.- $ 1,10 1.
••
V.«id*( te be sp j.lw d tt, tW faaevt o f in terest, ( v . 55. p. mtO.t
I jZ
#I6I.»'46. Ill I86:l-t|l» gro w . #988,929 ; not, $20 8 ,11* :. auninllk
In 18M8-8P. in terest ciuirgo for 18924)3 w ill ho ..n e a r , A W
te S * to
. *, , ‘ n , fi* "* * e r» ,— )■ »»* from Eyoti*
[.r.ipor $ 14 '■ /;‘' ,. ;, ndjMi Chat, R om e A OoL $ 113 ,5 0 0 ; total. wMJUBSol
' w* r i
B on tgouiery, A t e , 265 mile*, and A . y . i N
- yH i p. ija™ 7W , 04J,)
»
,
t
i
i
S
ra,V&?F/?S?
E
133
INYESTORS’
SUPPLEMENT.
[V ol . LVI.
S n b ftc rib e ra w i l l c o n fe r a g r e a t f a v o r b y g i v i n g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d In tliese T a b le s .
Bonds—Pnnoi.
jNJ ..H . ST OR DIVID E ND S.
RAILRO AD S.
Miles Date Size, or
pal, When Due.
Amount
•Vnen
Par
of
of
For explanation o f column headings, Ac., see notes
Outstanding Rate per Payable Where Payable, and by Stocks—Last
W’hom.
<rent.
Road. Bonds Value.
on first page o f tables.
Dividend.
Savannah < Western—( Concluded.)—
£
Chart. Rome & Col. 1st,gu.,$16,000 p.m., gold.c*
Schuylkill d L e h ig h - 1st m., guar. p. A i. by P. A R.
Seaboard d Loanokc—St’k ($244,200 is p f. gu. 7 p.c.)
Debentures, registered........................................r
1 st m ortgage for $2,500,000...................................c*
Seaboard A ir Line Equ’t Tr. ser. A A B (*2 each) .c’
Seattle Luke S. d East — 1st M., g., $25,000 p. m.c'
Shamokxn Sunbury & Lewisbury—1st m ort— c*&r
2d mortgage....................................................... ^
Sh amok in Val. d Pottsville—Stock, guar, by Nor. C.
1st mortgage, gold, on road and lands............... 0
Sharon—Stock.........................................................
1st mortgage................................................... —•
Shore L in e ( onn.)—St’k^Jsp.c.rent.N.Y.N.H.AH.
1st mortgage........................................................
Stiver Sp. Ocala d Gulf—1st, l.gr. ($15,000p.m.)g.c*
Siloerlon—1st mort. for $500,000 gold.............. c&r
Sioux City d Northern—1st mortgage, gold..........c*
Sioux City O'N. d West—1st M. ($18,000 p. m.) g.c*
South Atlantic & Ohio—1st mortgage......................
South Bound—1st mort., $15,000 per mile, gold-.c*
South Carolina—Various prior loans (part £ ) .......
1st mortgage dollar loan, extended.....................
1st consol, mortgage, gold....................................
2d consol, m ortgage...........................................c*
Income mortgage bonds (not cumulative)........ c*
South Florida—1st mort. ($12,000 per mile), gold.c*
So.dNo. Alabama—lstM.,s.f.not dr’n; guar, by L. AN.
2d mort. gold, s. f. $20,000 (owned by L. A N .)...
Consol, mortgage (for $10,000,000), gold, guar.c*
S. Pacific toast—1st M., g., guar. (s. f. begins 1912)c
138
44
81
1887
1872
1886
1886
18900
1886
31 1882
31 1890
29
28 1871
15
15 1889
49
49 1880
74 1888
17 1888
96 1890
130 1891
70 1887
136 1891
247 ’38-’68
242 1868
247 1881
247 1881
247 1881
1885
189 1873
189 1880
189 1886
104 1887
81
1,000
100
100 Ac.
1,000
1,000
1,000
1,000
1,000
50
500 Ac.
50
1,000
100
l,000&c
1,000
1,000
1,000
1,000
1,000
1,000
Various
500
1,000
1,000
1,000
1,000
£200
$1,000
1,000
1,000
$2,090,000
(!)
1,302,900
690,000
2,000,000
212,500
5,675,000
1,000,000
1,000,000
869,450
2,000,000
453,350
164,000
1,000,000
200,000
1,120,000
425,000
1,920,000
2,340,000
1,850,000
2,033,000
83,092
178,000
4,883,000
1,130,000
2,538,000
<i)
£909,000
$2,000,000
3,543,000
5,500,000
5 g.
4*2
See text.
6
5
5
6 g.
5
6 g.
6 per an.
7 g.
6 per an.
4^2 g.
See text.
4 Lj
See text.
e g.
5 g5 g6
See text.
5
5 gg6
6
6 g.
6 g.
6 g.
5 g.
4 g-
M. & S. Mch., ’92, coup, last pd.
M. A N. Phila.,Phil.&Read.RR.
M. & N. Balt., Farm.APlant.Bk.
F. A A.
Portsmouth, Va.
.1 & j . N. Y . , Baltimore & Pliila.
.
J. & D. Balt.,Merc.Tr. A Dep.Co
F. & A. N. Y., No. Pacific RR.
M. A N. Pliila., Phil.&Read.RR.
j. & j.
do
do
F. A A. Pliila., Penn. RR. Co.
J. A J.
do
do
Q .-M .
J. A D. N. Y „ Farm. L. & Tr. Co.
J. A J. N. H., Nat. N. H. Bank.
M. A S.
do
do
J. A J. N. Y „ 12 West 23d St
A. & 0. Denver State Nat. Bank
J. & J. N.Y., Manhattan Tr. Co.
A. A O.
N ew York.
j. & j .
In default.
A. & O. Baltimore A Savannah.
J. & J. July,’91, coup, last paid.
J. & J. July ,’91, coup, last paid.
A. A 0. Coupon Apr.,1891,paid.
J. A J. Last paid July, 1888.
Yearly.
J. A .T
.
M. A N. London, Baring Bros.
A. & 0. N. Y. Of., 120Broadw’y
F. A A. N. Y „ Office, 120 B’ way.
J. A J. N .Y ..S .P a c.,2 3 B r’dSt.
Sept. 1, 1937
Nov. 1, 1902
May 1, 1893
Alt. July,1916
July 1, 1928
$25,000 Junel
Aug. 1, 1931
May 1, 1912
July 1, 1925
Fel). 1, 1893
July 1, 1901
Mcb. 1, 1893
June 1, 1919
Jan., 1893
March, 1910
July 1, 1918
Oct. 1, 1908
Jan. 1, 1920
Oct. 1, 1921
July 1, 1917
Apr. 1, 1941
On demand.
On demand.
Oct. 1, 1920
Jan. 1, 1931
Jan. 1, 1931
Jan. 1, 1915
M ay 1, 1903
Apr. 1, 1910
Aug. 1, 1936
July 1, 1937
»h
S c h u y l k i l l 6c L e h i g h . —Owns from High’s Farm, near Reading, | S o u t h A t la n t ic 6c 4 io .—Owns from Bristol, Tenn., to Bigstone
Pa., to Slatington, Pa., 44 miles. Reorganized in 1880, and in 1883 Gap, Va.,70 miles. In 1892 John C. Haskell and D. H. Conklin were
leased to Philadelphia A Reading for 999 years. Rental, $27,000 per appointed receivers. Stock is $1,110,000; par, $10 0. Car trusts about
annum. Reading owns the stock ($50,000) and $400,000 second mort $118,000. Loans and bills payable June 30, 1891, $61,888. Iu
gage bonds. The first mortgage bonds are guaranteed. On May 5, 1890-91 gross earnings, $144,375; net, $20,900; taxes, $8,254; in
1893, stockholders were to vote on a proposition to isMie a new mort terest, $107,681.
gage fur $2,000,000 to retire existing indebtedness.
S o u th B o u n d . —Completed in Sept., 1891, from Savannah, Ga., to
Columbia, S. C., 136 miles. L ease .—In July, 1892, leased to the Florida
S cioto V a lle y 6c N e w E n g l a n d .—See N o r f o lk A W estern .
Central A Peninsula Railroad Co. for 99 years from October 1, 1893,
S e a b o a rd & R o a n o k e , - Owns Portsmouth, Va., to Weldon and by which time the Fla. Cent. A Pen. is to complete a line o f 110 miles
branch, N. C., 81 miles; leases Roanoke A T. R. Railroad, 29 miles. in length connecting the systems. Rental equivalent to 5 per cent per
Also has a controlling interest in the Raleigh A Gaston Railroad, 109 annum on $15,000 per mile, payable semi ann. V. 55, p. 177, 215.
miles, and thus in the Raleigh A Augusta A ir Line, 107 miles, and Caro Sto c k is $2,033,000. B onds w ill have interest reduced to 5 per
lina Central, 269 miles; also controls Pittsboro Railroad, 11 miles; cent, and, whenever the* South Bound so demands, w ill be endorsed
Carthage Railroad, 11 miles; and the Georgia Carolina A Northern, by the Florida Cent. A Pen. with the contract as to rental. Mortgage
1266 miles (completed in April, 1892), affording a through line to A t trustee is Mercantile Trust A Deposit Co. of Baltimore. E arnings .—
lanta; total of all, 884 miles. This is the “ Seaboard A ir L in e ” system. From January 1 to March 31,1893 (3 months), gross, $63,817, against
Sto c k .—Of the stock, $1,058,700 is common, $200,000 is 1st preferred $39,955 in 1892; net, $15,477, against $124. President, Col. C. H.
Pninizy, Augusta. (Y. 53, p. 157; V. 55, p. 145, 177, 215, 503.)
7 per cent guaranteed and $44,200 is 2d preferred guaranteed.
S o u th C a r o lin a . —Owns from Charleston to Augusta, 8. C., 138
D iv id e n d s .—On common, formerly 10 per cent, were from Nov.,
1890, to May, 1892, both inclusive, 7 per cent per annum; in Nov., miles; branches to Columbia, 68 miles, and to Camden, 38 miles; exten
sion, 3 miles; total main line and branches, 247 miles. The Carolina
1892, 3 per cent; in 1893, May, 2 per cent.
B onds .—The debentures are to be included in any 2d mortgage issued. Cumberland Gap A Chicago Railroad, from Aiken to Edgefield, 24
A fte r Aug. 1,1916, they are payable at will as a whole, or in 10 per cent miles, is leased by the receiver, making 271 miles operated.
Instalments. With Raleigh A Gaston guarantees the bonds of the Geor
F oreclosure an d R e o r g a n izat io n .—Sold in foreclosure July 28,
gia Carolina A Northern (which see). Car trusts for $50,000 were 1881, and on January 1, 1889, the company defaulted again, D. H.
issued in May, 1893, jo in tly with R. A A.
Chamberlain being made receiver in« October, 1889. A t Charleston,
E a r n i n g s . —In year ending June 30,1892, gross on road proper, 114 S. C., in November, 1892, the U. S. Circuit Court ordered a foreclosure
miles, $705,469; net, $233,763; other income, $84,890; total net income, sale of the road under the first mortgage o f 1868. Sale postponed till
$318,653; interest, rentals, taxes, Ac., $180,934; dividends (7 per December 12^ 1893.
When sold, road may be bought in under one of tw o plans. Of these
oent), $46,516; surplus for year, $60,182; in 1890-91, gross, $771,572.
the Central Trust plan (V. 53, p. 969), changes the second consols into
Seattle L a k e S lio re 6c E a s t e r n .—Owns from Seattle, Wash., to preferred stock and creates $6,000,000 of 5 per cent mortgage bouds
Sumas, 125 miles, and branches in Washington, 121 miles; total, 246 to take up first consols. The Fairchild plan (C h ro n icle Jan. 16,1892,
miles. Completed in 1891. The Northern Pacific guarantees by endorse p. vi. o f adv.) preserves the lien of the second consols. V. 55, p. 895.
ment both principal and interest o f the bonds, and owned July 1,1892,
B onds an d Sto c k .—On July 1, 1891, the Receiver paid to date in
$3,162,650 of the $4,150,000 stock. See V. 55, p. 682.
terest on all bonds having a lien prior to that o f first consols and in
S lia m o k in S u n b u r y 6c L c w i s b u r g . - Line from Shamokin to March, 1892, he paid the coupons due A p ril 1,1891, on the first consols.
West Milton, Pa., with iron bridge over Susquehanna, 31 miles. Leased Stock Nov. 1, 1892, $4,204,160; par, $100; car trusts, $190,638; ma
to Philadelphia A Reading till July 20, 2883, and used for coal traffic tured interest unpaid, $717,852; 7 per cent bonds due 1902, $8,000.
northward. Stock, $2,000,000; par, $50. (V. 51, p. 21.)
E ar n in g s .—Nov. 1, 1892, to Mar. 31,1893 (5 months), gross $658,S h a m o k in V a lle y 6c P o t t # v ille .—Line o f road, Sunbury, Pa., to 591, against $655,842 in 1891-92; net, $220,710, against $206,765.
Mt. Carmel, Pa., and branch, 30 miles. Leased February 27, 1863, for
A n n u a l R e po r t .—Report for year ending Oct. 31,1892, was in V.
099 years to the Northern Central Railway Co., with a guarantee of
taxes, interest on the bonds and 6 per cent on the $869,450 stock (par 56, p. 162, as follows, the fallin g off in 1891-92 being due to cotton de
$50), of which $619,400 is owned by the Northern Central. Pennsyl pression and competition o f South Bound, etc., roads:
vania RR. owns $580,000 7 per cents, and $225,000 additional were
Year ending Oct. 31—
1890.
1891.
1892.
held January 1,1893, in the fund to cover the depreciation in value of M ileage.....................................
247
310
___
the S. V. A P .’s coal lands. Gross earns. 1892, $583,227; net, $359,732. Gross earnings.........................$1,546,087
$1,771,159
$1,397,669
Operating expenses................. 1,015,326
1,178,885
985,401
S h a r o n .—Owns from Sharon, Pa., to Pymatuning, Pa., with
■branches, 15 miles in all. Leased till A p ril 30, 1982, to New York
N et earnings....................... $530,761
$592,274
$412,268
Pennsylvania A Ohio, at rental of $36,426 per annum, which pays
interest on bonds aud 6 per cent on stock.
Taxes and rentals.......................................
...........
85,160
S h o re L in e (C o n n ).—Owns New Haven, Conn., to N ew London, - (V. 54, p. 32,120. 329,968,1011; V. 55, p. 60,100. 895; V. 56, p. 162,
Conn., 49 miles. Leased to New York A New Haven RR. Co. in perpet 539, 580.)
uity November 1,1870, at $100,000 net per annum. Dividends usually
S o u th F l o r i d a . —Road from Sanford to P ort Tampa, Fla., 121
3*4 or 3*2 per cent in January and 4 per cent in July.
miles; Bartow Branch, 17 m iles; Bartow to Inverness, 77 miles;
S ilv e r S p r in g s O c a la 6c G u lf .—Owns from Ocala to Inverness, operates Sanford to Lake Charm, etc., 33 miles—total, 251 miles. The
with branch from Gulf Junction (near Dunnellon) to Homosassa, 74 road is part of the Plant system —
see Savannah Florida A Western. The
miles. In January, 1893, a controlling interest in stock was acquired by bonds are held by the Plant Investment Company.
the Plant Investm ent Company (see Savannah Florida A Western], and
S o u t h 6c N o r t h A la b a m a .—(See Map o f Louisville d Nashville.)interest reduced from 6 to 4 per cent, guaranteed by endorsement.
Stock, $1,500,000, par $100. There is a land grant of 13,840 acres per Owns from Decatur, Ala., to Montgomery, Ala., and branch, 188 miles
Controlled by the Louisville A Nashville RR. Co., which owns most of
mile, of which the mortgage covers 4,000 acres per mile.
S ilv e r t o n .—Owns from Silverton, Col., to Ironton, 22 miles, of the stock ($3,481,400 of which $2,000,000 preferred] and guarantees
which 4 miles built with surplus earnings. Stock authorized and out the first and consol, mortgage bonds. On June 30, 1892, loans and
standing, $350,000; par, $100. Dividends o f 10 per cent have been bills -payable amounted to $517,074, and there was due Louisville
paid. In 1892 gross earnings were $105,058; net, $50,036. In 1891 Nashville $505,560. In year ending June 30, 1892, gross earnings were
$2,073,778; net, $468,959; deficit under interest, Ac., $191,113. In
gross, $121,621; net, $65,388.
1890-91 gross, $2,162,056; net, $538,600. (V. 53, p. 370.)
S io u x C it y 6c N o r t h e r n . —(See M ap )—Owns road, completed in
S o u th P a c if ic C o a s t (N a r r o w - ^ a u ^ e ).- O w n s from Alameda
February, L890, from Sioux City northerly to Garretson, So. Dak., 96 miles.
A t Garretson connection is made with the Great Northern, with which to Santa Cruz, 77 miles; branches, 27 nines; total, 104 miles. The road is
there is a traffic contract for thirty years. The road forms part o f the leased for 55 years from July 1, 1887, to the Southern Pacific Company,
Great Northern’s through route from Sioux City to Duluth, a distance of which guarantees the bonds and owns all but $7,000 o f the stook,
43o miles. The mortgage (trustee, Manhattan Trust Company) is Trustee of mortgage is Farmers’ Loan A Trust Company. The stook is
limited by supplemental deed to $1,920,000, the amount now out $6,000,000; par, $100. In 1891 gross, $1,107,77$; net, $393,507,
against $294,574 in 1890; surplus over charges, etc., $124,817.
standing. Stock authorized, $10,000,000; outstanding, $1,440,000.
to April 30,1893 (4 months), gross earnings were
S o u t h e r n C e n t r a l (N . Y ) . —Owns from North Fair Haven, N. Y.f
U fa
$127-123 in 1892- Iu 1892 gross, $485,189; net, to Pennsylvania State Line, 114 miles, and branch 2 miles. Tke Lehigli
$219,890. In 1891 gross, $447,326; net, $193,144.
Valley leased this road from January 1,1887, for 975 years without
S io u x -C ity O ’ N e ill 6c W e s t e r n .—Owns from Covington, opposite any guaranty o f interest. There are $90,000 of 7 per cent prior bonds
Nebraska» 130 miies. The Pacific Short Line due m 1899. Six coupons from August 1, 1886, inclusive, w en funded
(moiuamg in it the Nebraska A Western) was foreclosed Oct. 23, 1891, into income bonds.
Tim overdue coupons, including those funded,
company organized by parties interested in the Sioux City A amounted on Feb. 2,1892, to $1,235,095. In Aug., 1892, a foreclosure
K i n n n n ^ f n c k is $3,600,000 (par $100). The mortgage is limited to suit was begun, but afterwards discontinued by consent. Stock,
f 2*310.;000 (trustee Manhattan Trust Co. of N ew York) and covers the
1,774,950; par, $100. In 1890^91 gross earnings were $521,919; net,
qqq eqA\PIo ent
terminals. Inl 1892 gross, $231,119; net,
71,546; charges, $199,312; deficit, $127,766. Thomas C. Platt, Presi
$137,833. (V. 52, p. 571; Y. 53, p. 157, 326, 436, 641.)
dent,—(V. 51, p. 715; V. 55, p. 257.)
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134
INVESTORS’
SETTLEMENT.
fVol. LVI
Bonds—Prinol INTE RE ST OR D IVID E N D S
R AILRO AD S.
Date Size, or
pal,When Due.
Amount
Where Payable, and by Stocks—Last
Par
of
y o r explanation of column headings, A-e., see notes of
Outstanding Rate per When 1
Cent.
Payable
Whom.
Dividend.
Road. Bonds Value.
on llret page o f tables
Southern Cent.—Consol. M. for $3,400,000 (eonv.l.c 114 1882 $200&c.
1887
Funded coupons consol, mortgago . . . . . . . . . . . • ■
Southern Pacific C OM PANY—8look($lo0,000,000) 5,931
1891
8team ship 1st mortgage bonds .........................
South. Pac. o f Arizona—Lst M, ser. A&B, g., guar.c&r 388 ’79-'80 1,000
100
Southern P a d flc ( Caf.;—Stock.
- .......
(1875 500 &0.
lstm ortgage,serloeA ,gold— i land grant...c
Series bT gold......................... slnk-g flu id ..0; 1,042 j 1875 500 &c.
1 1876 500 &0.
Series C & D, gold................... I not subject, .o*
1882 500 &c.
F A F. cold ................ J to call........0*
93 1887
80 Pao. Branch 1st M , sink, fund In 1897.......
1,000
So. Pao. general mold. ($38,000,000), gold...c*Ar 1,430 1888
fco.
45 1875 500 <
Stockton A Copperopolls 1st M., g. (guar, by C.P.)
100
Southern Pacific o f New Mexico—Stock...................
i* 7 1881 1,000
6
1,000
34 1892
JOMi/Srri
f —ldatM-'r
1
*
'$170'6<W'(¥5.66bp.m.)g.C
100
Southwestern (Ga./—Stock, 7 p. c., guar. Cent. ( l a . . 333
50
89
Southwest Penney!canio^-Stook..............................
1,000
89 1877
1st M „ sink, fund $5,000 yearly, not drawn...... r
68
1888
Spartanburg Union < Columbia—le t mortgago---C
Spokane Falls <t Northern—Stock...... .....................
1 1 1889 1,000
3
le t mortgage, $20,000 per mile, gold.... .... . .c
100
6
Spuyten Duyvil ttP ’tM or.-Stack,8 p.e.gu. N.A .Cent.
50
State b in e <t Sulliean—Stock..................................100 &C.
* 5 1879
2
1St ID0rtfiflfT6
............................... .............. c
1,000
13 1893
Staten Island—1st mortgage for $1,000,000, gold.
100
Staten Island Rapid Transit—Stock........................
1,000
l * i mort, gold, $ or & sinking fund not drawn... c* a u * 1883
:,
Too
ioo
S o u t l i c r ii P a c i f i c C O M P A N Y . - ( See M ap).-O R G X m zxTlO s.—
This corporation was organized Aug. 14/84, under the laws o f Kentucky
It ha-s acquired a t rans-Continental system of railroads, with stea mship lines rrom New Orleans to New York, etc. On Jan. 1,1892, it had
proprietary lines in its Atlantic system aggregating 1,750 miles; in its
Facifio system, 2,581 miles; total proprietary lines, 4,332 miles; leased
lines (other than proprietary lines) in Pacific system, 2,129 miles; total
railroad lines, 6,461 miles.
P r o p r ie t a r y L is e s .—These, with a total mortgage indebtedness Jan.
1 1892, qf $119,690,716, are all practically owned—only $2,334,477 out
o f their total stock of $161,717,227 not being held on Jan. 1, 1892, by
the Southern Pacific Co. Five of the proprietary companies as below
designated are operated for 99 years from A p ril 1,1885, under the
so-called omnibus lease, .under which the Southern Pacific Company
agrees to maintain the roads, to pay all fixed and other charges, includ
ing interest on bonds and fioatiug debt, aud to divide the total net
profits from operating, after making these payments, among the several
parties to the lease, the So. Pac. Co. to receive 10 per cent of such profits,
and the other five companies the percentage indicated below.
Proprietary lines operated under omnibus lease: Southern Paoiflc of
California, receiving 44 per cent o f net profits; Southern Pacific of A ri
zona, 10 per cen t; Southern Pacific o f New Mexico, 6 per cen t; Mor
gan’s Louisiana ATexas, 23 per cen t; Louisiana & Western, 7 per cent.
Proprietary lines not operated under omnibus leaso: South Pacitio
Coast, Northern Railway, Northern California, Texas & N ew Orloans,
Galveston Harris. & San Antonio, Gulf West. Texas < Pac., N.Y. Texas
fc
«fe Mexican. For farther information see separate statement for each.
L eased L in e s .—The leased lines other than the proprietary lines are:
The Central Pacific, the Oregon & California and the California Pacific
railroads. The terms on which these roads are operated are stated
under the head o f each company respectively.
Ca p i t a l Sto c k .—Stock authorized, $150,000,000. See V. 48, p. 428P r ic e of Sto c k .—In 1886, S O H ^ l ^ ; in 1887, 29%®3634; in 1888,
19®27h*; in 1889,211
3'3>371 in 1890,2 2 ^ ,
s;
2>371 in 1891, 2 3^ 4 4^ ; in
4;
1892, 33Gs'a)‘± m : in 1893 to May 19, inclusive, 28J
4®351
4.
G u a r a n t ie s .—In December, 1892, company agreed to guarantee San
Antonio & Aransas Pass new first 4s for $2 j ,600,000. Other guaran
teed issues are Houston & Texas Central bonds, Austin & N. W. 5s,
Oregon & Cal. 5s, N. Y. Texas & Mexican 4s, certain o f the Central
Pacific's bonds, etc.—see those companies.
E arnings .—From Jan. 1 to March 31,1893 (3 months), gross earnings
on the whole system were $11,089,640, against $10,595,943 in 1892;
net, $3,460,372, against $3,244,99o.
A n n u a l R epo rt .—Fiscal year ends Dec. 31. Annual meeting is held
s t San Francisco on first Wednesday following first Monday in April.
Advance report for 1892 was given in V. 56, p. 577, showing for the
whole system, including steamship lines, as below.
Year ending Dec. 31—
1890.
1891.
1892.
6,376
6,846
Average mileage operated...... 6,053
Gross earnings....................... $48,352,504 $50,449,816 $48,972,195
Operating expenses.............. 31,155,103 31,163,612
31,288,199
Earnings over operating exp. .$17,197,401
509,606
T r ackage and rentals............
$19,286,204
564,193
$17,683,096
625,926
Total net income............ .$17,707,007
Taxes.................................... . $1,234,298
Betterments and additions..
265,625
Interest on bonded debt....... . 10,259,819
.Rentals, <fcc........................... . 3,569,551
$19,850,397
$1,201,984
259,570
10,629,900
4,334,983
$18,309,922
$1,249,849
339,078
10,512,478
3,598,167
Balance, surplus............ . $2,377,713
$3,363,960
$2,010,349
Of the surplus here shown for 1S92 there is due the proprietary com
panies for earnings remaining after payment of operating expenses,
Saxos and charges, the follow ing amounts: To proprietary companies
under omnibus lease, $2,670,865; other proprietary" companies,
780,282; total, $3,451,147, which sum inures almost entirely to the
outliern Pacific Company as the principal owner of the stock of said
proprietary companies. To this should be added profit from operations
o f leased properties other than Central Pacific, $98,508 ; income from
othor investments, $215,482, making a total of $3,765,138, from
which should be deducted deficit in operation of Central Pacific, $498 126, leaving a net profit from operation for the year of $3,267 011
- (V . 54, p. 526,598, 7 8 3 ,8 0 1 ,8 0 2 , 8 8 4 ; V. 55, p. 23; V. 56, p. 577.1
S o u th e r n P a c i f i c o f A r i z o n a . —This is the connecting line ol
the Southern Pacific of California, extending from Yuma to New
Mexico boundary, 388 miles. The stock is $19,995,000, all but $2,400
being held by Southern Pacific Co. The bonds consist of series A, $6 000 000, due 1909, and Series B, $4,000,000, due 1910. Operated u d r
ne
lease to Southern Pacific Co., the lessee paying all charges and also 12
per cent of the net profits under the omnibus lease.
E arning s .—From Jan. 1 to Nov. 30 (11 months), gross in 1892 were
$1,829,001, against $1,871,7*20; net, $528/251, against $575,876.
In 1891 gross earnings were $2,028,689 : net, $570.414; deficit under
charges, $118/294; against $25,576 ill 1890; ;nct profit due the com
pany under the lease, $241,930.
^
S o u th e r n P a c i f i c ( o f C a l i f o r n i a ) . —(See M ap.)—A oonsolidaV lion o f May, 1888, amended in November, 1892, of several lines in Cali
t
$3,300,000
475,740
118,858,170
1,900,000
10,000,000
65,135,300
]
131,361,500
J
F. & A. Aug., 1889, coupon on. Fel>. 1, 1922
M. & N. May, 1890, coupon on. Nov. 1, 1897
5
4
__
6
J. & J.
N. Y „ 23 Broad 8t.
Jan. 1, 1911
6 g. !J. & J. N. Y., 8. Pac., 23 Br’d S t Mch,, 1909-10
f
J
]
(
6
6
6
6
6
5
5
g.
g.
g.
g.
g.
g.
g.
A.
A.
A.
A.
A.
A.
J.
3,578,000
11,375,000
500,000
6,888,800
4,180,000
9 g. J.
170,000
6 g. .!.
5,191,100 7 per an. J.
1,499,900 See text. M.
7
F.
900,000
1,000,000
J.
5
2.500.000
2.620.000
6 g. J.
989.000 8 per an. J.
990.000
6
J.
300.000
See text.
4 ’a g. A.
500,000
1,000,000
6 g- A.
&
&
&
&
&
&
&
O. N .Y .,8 . Pao.,23Br'dSt.
do
do
O.
do
do
O.
do
do
0.
do
do
0.
do
do
0.
do
do
J.
Apr.
Oct.
Oct.
Apr.
Apr.
Oet.
Jan.
&
&
&
A
&
&
J. New York, 23 Broad St.
J. N. Y „ Manhattan Tr.
D. Savannah and Macon.
S. Phila., 233 8. Fourth St.
A.
do
do
J.
Jan. 1, 1911
July 1, 1922
Boetext.
Mar. 31,1898
Feb. 1, 1917
Jan. 10,1932
1,
1,
1,
1,
1,
1,
1,
1905
1905
1906
1912
1937
1938
1905
&
J. N. Y., Chase Nat. Bank. July 1, 1939
Jan., 1893
& J. N. Y.. Grid Cent-Station
< J.
fc
& 0. N. Y., Union Trust Co.
New Y ork City.
& O. N. Y „ foot, Whitehall St.
Jan. 1, 1899
Apr. 1, 1993
Jan. 1, 1913
fornia. Mileage completed Deo. 31,1891 was 1,716, of which 242*5 mllea
were leased to and operated by the Atlantic & Paoifio RR. Co. Balance
leased to the Southern Pacific Co., which owns most of the stock, the
lessee paying the interest, fixed charges, betterments and additions, and
44 per cent of the surplus income under the “ omnibus lease.”
Sto c k and B onds .—The authorized stock is $90,000,000, par $100, of
which $65,135,300 is outstanding, all but $20,350 being held by the
Southern Pacific Company. The first mortgage bonds o f the several
series are all equally secured. They are being gradually retired with
proceeds of laud sales. &c., but are not subject to call. 'There is also
a sinking fund of $100,000 per year. Of the mortgage for $38,000,000;
trustee is Central Trust Company. See abstract, V. 49, p. 509.
L and G r a n t .—The land grant was 12,840 acres per mile, and proceeds
of sales go to retire bonds. The total lands unsold January 1,1892,
were estimated at 7,200,000 acres, but a large proportion of this is bar
ren and useless for agricultural purposes without irrigation. In 1891
the net sales were 46,255 acres, for $204,794; interest on deferred
payments, $164,526; land notes outstanding Jan. 1, 1892, $2,879,416.
E arnings .— Jan. 1 to Nov. 30,1892, (11 months;, gross, $9,416,793,
against$8,493,076in 1891; net, $4,050,052 in 1892 against $3,571,024.
In 1891 gross earnings of both divisions were $9,279,822; net,
$3,851,547; adding rental ($436,266) received from Atlantic & Pacific
RR., etc., total not income, $4,288,378 ; surplus over ohargas, $1,256,734, against $689,839 in 1890; net profit due the company as per
omnibus lea.se, $1,064,496. (V. 52, p. 643; V. 55, p. 765.)
S o u t h e r n P a c i f i c o f N e w n ie x lc o . —Qwns Arizona State Line to
Rio Grande bridge, 167 miles. Operated underlease by Southern Pacific
Company, the lessee paying all charges and 6 per cent o f net orolits
under the omnibus lease. Stock, $6,888,800 (par $100). all but $2,500
being held by South’n Pacific Co. Sinking fund Jan. 1, 1892, $268,633.
From Jan. 1 to Nov. 30,1892 (11 months), gross earnings were $925,914, against $970,768 in 1891; net $442,989, against $438,100.
Gross earnings in 1891, $1,049,260; net, $452,910; surplus over
charges, $185,832, against $164,837 in 1890.
S o u t h w e s t P e n n s y l v a n i a . —Greensburg, Pa., to Fairchance, Pa.,
44 miles, and branches, 65 miles; total, 109 miles. Opened April 1,1873and leased to Pennsylvania Railroad, which operates it at cost, pay,
in gn et earnings as rental. Pennsylvania Railroad owns $1,057,250
of stock and $600,000 of bonds. An increase of stock from $1,000,000
to $3,000,000 was authorized in November, 1889. In 1892 gross earn
ings were $1,001,121 ; net, $356,108, against $373,752 in 1891.
S o u t h w e s t e r n (G a . )—Owns Macon, Ga.,to Eufaula, 144 miles, and
branches to Columbus, &e., 189 miles. Leased in perpetuity August 1,
1869, to the Central Railroad of Georgia, which assumes the liabilities
aud guarantees 7 per cent on the stock. Stock authorized by charter
as amended is $6,000,000. In year ending June 30, 1891, gross earn
ings were $1,161,133 ; net, $200/254, against $276,932 in 1889-90 and
$436,133 in 1888-89. Rental is $363,422. A committee advises stock
holders to accept the Central o f Georgia reorganization plan; see Y.
56, p. 502, 537. The lessee defaulted on dividend due Dec. 31,1892.
S p o k a n e P a lls
N o r t h e r n . —Owns from Spokane Falls, Wash
ington, to Northport, 131 miles. Completed to Little Dalles, 127 miles, in
August, 1890. Extension o f 9 miles to International boundary to be
completed in May, 1893. A t boundary road w ill conueet with the
Nelson & Fort Sheppard Ry., which is to be built in the interest of the
Spokane Falls < Northern to Kootenia Lake, British Columbia, 60 miles.
fc
This latter extension has a land subsidy from Canada o f 10,240 acres
per mile, and is to be completed in September, 1893. Manhattan
Trust Company, New York, trustee of Spokane Falls & Northern
.
mortgage. Stock authorized and outstanding, $2,500,000; par, $100.
S p u y te n D u y v i l & P o r t M o r r i s . —Road is 6 miles in length and
connects the New York Central A Hudson with the New York A Harlem.
Leased to N ew York Central November 1,1871, till December 31,1970.
Rental is 8 per cent on capital stock oi $989,000.
S ta te L i n e <& S u lliv a n . —Ownsfi om Monroeton, Pa., to Berenice
Pa.. 25 miLes. and operates extension tr> Lopez, 4 miles. Stock,$990,'
000 (par, $50.) The mortgage covers 5,000 acres coal lands. Road
leased till 1934 to the Pennsylvania < N ew York Canal & Railroad
s
Company (rental, $40,000 per annum) aud so operated by Lehigh Valley.
S ta te n I n la n d .—Clifton to Totteuville, 13 miles. Leased to Staten
Island Rapid Transit Co. till 1983, at $80,600 per annum, which pays
$4 per share o d stock, interest on bonds and organization expenses.
s to c k —capital stock authorized, 60,000 shares o f $15 porslare;
outstanding, 14,000 shares of actually $15 per share, but since boight
by investors for $65 a share; this was taken as par value, and
whole amount out as $910,000. In May, 1893, it was decided to change
formally the par value of the shares, making each ccrtific tte $75, uul
lienee the total issue $1,050,000 B onds— Seven per cents for $300,000 due An ril 1,1893, were paid, aud on M ay 22,1893, stockholders
authorized $1,000,000 of 4 ^ percents for refunding, for double track,
extending liue, etc., but no more than $500,000 to be issued except >n
two-thirds vote of stockholders.
S ta te n I s la n d R a p i d T r a n s i t R R . —Owns line of road arontd
the Staten Island shore, east and north sides, from South Beach to a
point opposite Elizabethport, N. J.; total owned 10 miles; leases Staten
island Railway, 13 miles; total operated23 miles. I t has a 99 years’
lease of the Staten Island Railway aud controls the ferries between
New York City and Staten Island and Bay Ridge, L. L; aUo the ferry
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136
INVESTORS5 SOPFLEMENT,
|V o l . L \ L
S u b s c rib e rs w i l l c o n fe r a g r e a t fa v o r by g i v i n g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e re d in tnese T a b le d ,
Bonds—Princi
IN TE R E S T OR DIVIDENDS.
RAILRO AD S.
Miles Date Size, or
pal,^When Due.
Amount
Rate per When Where Payable, and by Stocks—Last
of
Par
For explanation of column headings, &c., see notes of
Outstanding
Payable
Wliom.
Road. Bonds Value.
Cent.
on tirst page of tables.
Dividend.
Staten Island Rapid Transit—(Concluded.)
1886 $1,000 $2,500,000
5 g. j . & j . N.Y., foot Whitehall St.
2d mortgage endorsed by B. & O., gold........... c&r
1,000
4.500.000 up to 6 g.
do
do
1885
Incomes, gold (non-cumulative)
100
448,700 6 per an. Q .-J .
Stookbridge, Mass.
22
Stockbridge & Pittsfield—6 p.c. rental N.Y. N.H.&H.
1,000
J. & J. N. Y., Farmers’ L. < Tr.
1891
450.000
fc
45
Stuttgart#Arkansas R iv.- 1st M. for $500,000, g..c
5 g50
4,010,350
20
Phila., 233 S. Fourth St.
Summu Branch (P a .)—Stock.........................
1,000
1.122.000
7
J. & J.
do
do
20 1874
1st mortgage, sinking fund, not drawn.......
N. Philadelphia, Penn. RR.
5 & 6 M.
43 1878 io o See.
1.185.000
Sunb'ry Hazle. a lKt/A-«s&.-l8t,Ser.A& B.,dr. at 100.C
M. < N.
fc
1.350.000
6
43 1878 100 &C.
do
do
2d mortgage, income...................................... cAr
50
600.000 8 per an. A. & O. Phila,, Guar. T. & D. Co.
43
Sunbury # Lewistown—Stock.........................
500
7
J. < J.
fc
43 1876
500.000
do
do
1st mortgage.......... ............ ........................
1,000
1 , 000,000
7
J. & J. N. Y. Lake Erie & West.
23 1870
Suspension Bridge# E ric Junction—1st M.gu.byErie
100
2.500.000 See text. Q .-F . N .Y ..D . L .& W . RR. Co.
81
Syracuse Binghamton # New York—Stock..............
1,000
A. & O.
1.966.000
81 1876
7
do
do
Consol. M.(p. and i. guar, (end.) by D.L.&W.).c*&r
M15&N. N. Y., Farm. L. & Tr. Co.
798,200
57 1875 100 &c.
7
Syracuse Geneva# Com ing—lstM .,s.f.dr’natpar.c
M. & S. N. Y., Gr’d Cent. Depot.
600.000
1,000
57 1879
5
2d mortgage........................................................c
Tennessee Midland—See P aducah T ennessee & A LABA MA.
50
1,988. 150 6 per an. F. & A. N. Y., Farm. L. & Tr. Co.
Terre Haute # Indianapolis—Stock........................ c
i25 1885
1,000
1,900. 000
do
do
5 g. J. & J.
Consol, mortgage, now 1st mortgage, gold.
600. 000
1,000
do
do
5 g. J. tfe J.
New cons. M., g., red. aft. July 1, 1902, at 105..C 125 1892
1,000
480, 000
40 1889
Lnd. & L. Mich. 1st m., $12,000 p. m.,gold, guar.,c*
5 g. M. & S. N. Y., Central Trust Co.
J. & J. N. Y., Farm. L. & Tr. Co.
93 1879
1,000
500; 000
6
Terre Haute # Logansp— ls%
iM.,guar. byT.fl.A In d.
1,000
6
1 , 000 . 000
65 1883
j. & j.
do
do
1st M. on Logans, to Soutii Bend (2d on 93 m.)gu.
1,000
l,800i 000
5 g. M. & S. N. Y., Union Trust Co.
Terre Haute # Peoria—1st mortgage, gold.............0 144 1887
144 1892
1,000
do
do
N ew mortgage for $2,500,000, gold, guar.........e*
5 g. M. & 8.
(? )
4,000, 000
Tex. Cent.—Sewst’ k<$l,325,O00is 5p.c.iion-cum.pf.)
177 1893
New 1st mortgage for $2,000,000 gold................
( ?)
~SF. & A. N. Y.,S. Pac.,23 Br’dSt.
1,000
1,620, 000
7
Texas # New Orleans o f ’74—1st mort. land gr.c*&r 104 1875
1,000
2,575. 000
do
do
8abine Division, 1st mortgage, gold.............. c*&r 104 1882
6 g. M. & S.
104 1893
do
do
Consol, mortgage..................................................
5 gj. & b.
100
584, 000
6
1883
do
do
100 38,710, 900
- - - - - - - - - 1,497
1,000
524 1875
3,784, 000
6 g. M. & S. N.Y.,Mere.Tr.Co.&Plill.
between Tottenville, S. I., aud Perth Amboy, N. J. The bridge over the
Kills at Elizabethport was completed in 1890, and since July 1.
1890 the entire freight traflic of file Baltimore < Ohio RR. Co. to and
fc
from New York has "been handled by this company. See V. 51, p. 718.
Se c u r itie s .—The Baltimore & Ohio guarantees the 2d mortgage
bonds and owns a majority of the stock of $500,000 (par $100). The
income bonds are held by the B. & O. aud the Staten Island Rapid Tran
sit, one-half each. Loans and bills payable, $440,714 Mar. 31.1893.
E arnings .—From July 1, 1892, to Mar. 31, 1893 (9 months), gross
earnings $774,914, against $761,762 in 1891-2; net, $244,561, against
$249,603; surplus over charges, $30,365, against $26,666 in 1891-2.
Fiscal year now ends June 30. In year ending June 30, 1892, gross
earnings were $1,046,632; net, $354,242 ; interest, $196,832 ; rentals
and taxes, $104,600; balance, surplus, ^52,810. (Y. 54, p. 243, 888;
V. 55, p. 257, 4 61, 806, 898 ; V. 56, p. 207. 793.)
S to c k b r i d g e A: JPil I a fie ld .—Vandeusenville to Pittsfield, Mass.,
22 miles. Leased for 99 years from April 1, 1893, to N. Y. N. H. &
Hart., at 6 per cent on stock. Lessee pays taxe.". 0>d lease to Housatonic is suspended but not canceled. Stock w ill be exchangeable for
stock of lessee at rate of three shares o f lessee for live shares of S. &
P. for six months at sometime prior to Jan. 1, 1900.
S tu ttg a rt Ac A r k a n s a s R i v e r . —Stuttgart to Pendleton, Ark., 45
miles. Opined in 1892. Capital stock authorized and outstanding,
$500,000^; par, $100. Mortgage Trustee, Farmers’ Loan & Trust Co.
S u m m it B r a n d i ( P a . ) —This eompanyls business is almost
entirely in mining coal; it leases the Lykens Valley RR., Millersbnrg
to ^ illiamstown, Pa., 20 nnles, and has a small branch o f its own to
Summit Mines, % o f a mile. Operated by the Northern Central under
oontract. Pennsylvania RR. owns $2,190,200 stock and $480,000 bonds.
From Jan. 1 to Apr. 30, 1893 (4 months), gross earnings (including
Lykens Valley) were $783,807, against $741,736 in 1892; net,
$111,009, against $52,883. In 1892 gross earnings were $2,398,390;
net, $156,427. In 1891 gross, $2,232,296; net, $20,180.
S u n b u r y H a z l e t o n Ac W i l l t e s b a r r e . —Sunbury to Tomkicken
Pa., 43 miles. Foreclosed March, 1878. Of 1st mortgage $1,000,000
is series A. Stock ($1,000,000) and $179,000 lsts (series B) and $488,600 incomes are owned by the Pennsylvania RR., which pays net earn
ings as rental, and agrees to purchase the Series A coupons if interest
is not earned, and to make payments to sinking funds. Sinking fund
for 1st mortgage now draws about $9,500 bonds yearly at par. Gross
earnings in 1892, $579,112; net, $267,822, against $230,393 in 1891:
interest. $142,100; dividends, $60,000.—(V. 54, p. 761, V. 56, p.792.)
S u n b u r y Ac L e w is to w n ,- S e lin s g r o v e Junction to I^ewistown, Pa.,
43 miles. Leased for 99 years from July 1, 1876, to Pennsylvania Rail
road for contingent interest in net earnings, which in 1887 were
1888’ $123,619; in 1889, $154,179; in 1890, $224,967;
in 1891, $225,090; in 1892, $207,708. D ividends-From 1883 to 1889,
inclusive 6 p. ct,. per an .; from 1890 to April, 1893, at rate of 8 p. e.
®^.Kl>eils^o n B r i d g e Ac E r i e J u n e t o n . —East Buffalo Junction
to Niagara Fails and Suspension Bridge, 23 miles; Lockport & Buffalo
Railroad leased, 14 miles; total operated, 37 miles. Road opened January, 1871- Leased to N. Y. Labe E r ie * Western at 30 per cent of gross
ret'elpt^- which are guaranteed to be not less than interest on bonds.
$70,000 per annum. Lessees own $203,000 of the stock ($500,000).
„ s ? r “ « u se B i n g h a m t o n Sc N e w Y o r k . —Owns from Geddes, N.
Binghamton, N. Y.,81 miles. Foreclosed and reorganized April 30,
J-857, and controlled by Delaware Lackawanna & Western, which owns
$1,9 /2,900 stock and guarantees the bonds, both principal and interest.
L A hn l\GB. For 9 months ending Mar. 31, 1893, surplus over charges
was $lo0,646, against $150,971 in 1891-92. In year 1891-92 gross
earnings $809,458, against $804,241 in 1890-91; net $409,139; sur
plus over charges and dividends, $35,384, against $22,464 in 1890-91.
1
1888 Paid.8 !’■o. h o d 4 e x tra ; 1889, 8; in 1890, 8 ; in
1891, 8 and 5 e x tra ; m 1892, 8 ; in 1893, Feb., 2 p. c.; May, 2 o. o.
- (V. 53, p. 568; V. 54,p. 288; V .55, p. 461,806; V. 56, p. 290, 703.)
S y ra c u s e G e n e v a Sc C o r n in g . —Owns from Corning, N. Y., to
Geneva, N, \ 58 miles, and Penn Yan to Dresden, 6 m. Leased to F all
Brook Railway Co. Stock is $1,325,000 (par $100), of which N. Y. Cen^
R lver °.'vus $i;«2,000, besides $113,000 7 per cent bonds.
In 1890-91 gross earnings were $669,073; net, $167,917 ; charges and
dividends, $190,306; deficit to lessee, $55,107. (V. 53, p 568.)
T e n n e s s e e m i d l a n d . —Se e P ad u c a h T ennessee & A l a b a m a .
a u J;S & I n d i a n a p o l i s . —Owns from Indianapolis to Illi
nois State line, 80 miles, with coal branches, 45 m iles; total, 125 miles
Louses Terre Haute & Logan sport RR., 183 miles; St Louis VandaUa &
Terre Haute, 158 miles; In d ia n a * Lako Michigan RR., South Bend
Lnd., to 8t. Joseph Harbor, Mich,, 40 miles; Terre Haute & Peoria [less
7 miles T. H. & I. trackage], 165 miles; total, 670 miles.
Or g a n iz a t io n . Leases 8t. Louis Vandalia & Terre Haute R R (which
see) on join t account with Pittsburg Cincinnati Chic. & St. L. RR., at 30
per cent of gross earnings, and owns $500,000 common and $326,000 of
its preferred stock. The Indiana * Lake Michigan is leased for 99
and ltH Ootids guaranteed, principal and Interest. In Ootober
18J-, commenced to operate the Terre Haute & Peoria (which see).
D iv id e n d s since 1876: In 1877, 6 per cent; from 1878 to 1884
Inclusive, 8; from 1885 to Feb., 1893, inclusive, 6 p. o. per anumn.
’
Jan. 1, 192&
Jan. 1, 194$
Apr., 1893
1921
Feb. 16, 1876
Jan. 1, 1904
May 1, 192$
May 1, 1938
Apr. 1, 189$
July 1, 1896
July 1, 1900May, 1893
Oot, 1, 1906
Nov. 15,1905
Mch. 1, 1900
Feb.
July
July
Sept.
Jan.
Jan.
Mch.
Sept.
1,
1,
1,
1,
1,
1,
1,
1,
189$
1925
1925
1939
1910
1913
1937
1942:
1923
Aug. 1, 1905
Sept. 1, 1912
1943
Dec., 1893
Mch. 1, 190 &
I B onds .—T he new consolidated mortgage o f 1892 Is limited to $600,1000. On April 1,1893, 7 per cents for $1,600,000 were paid. F ive
per cents ol 1885 for $1,300,000 (making total outstanding $1,900,000)
and the $600,000 consol. 5s o f 1892 were issued, making a net de
crease in annual interest charge o f $17,000. The consol, mortgage has.
beeu restricted to $1,900,000.
E arnings — In year ending October 31,1892, gross, $1,283,307; net
earnings. $348.333; other receipts, $21,867; interest and 6 per cent
dividends, $261,289; loss on Terre Haute & Logansport and Indiana <
fc
Lake Michigan was $25,962; surplus, $82,948. In 18S1-92 heavy
exp nditures for improvements charged to operating expenses de
creased net earnings. In 1890-91 gross, $1,234,890; net, $409,083
— (V. 54, p. 846; V. 55, p. 590, 766.)
T e r r e H a u t e Sc L o g a n s p o r t .—Owns from South Bend, lnd toRockville, lnd., 160 m iles; leased Rockville to Terre Haute, 22 milestotal operated, 183 miles. Leased to Terre Haute * Indianapoha
RR. for 99 years from December, 1879, at 25 per cent of gross earnings
and first mortgage bonds guaranteed by that eompanv. Stock, $500.000; par $50. Rental in 1888-89, $142,284; loss to "lessee, $26,8941
rental in 1889-90, $148,538; loss to lessee, $1,766; rental in 1890-91.
$157,018; loss to lessee, $38,740; in 1891-92 loss to lessee, $8,018.
T e r r e H a u t e & P e o r i a .—Road operated from Terre Haute,
lnd., via Decatur, to Peoria, 111., 172 miles, of which 144 miles are
owned and 29 miles is by trackage over other roads. Formed in Janu
ary, 1887, as successor of the Illinois Midland. In September, 1892,
leased for 99 years to the Terre Haute & Indianapolis at rental o f 30
per cent of gross earnings, with a minimum sufficient to pay interest
on debt. See V. 55, p. 766. Stock is $2,160,000 preferred 6 per cent
nou-cumulative and $3,240,000 common; par, $100.
In Sept., 1892, a new mortgage for $2,500,000 to the Union Trust
Co. as trustee was filed, for funding old bonds for new equipment, eto.
The new bonds carry the guaranty, endorsed on each, o f principal and
interest o f the Terre Haute & Indianapolis. In year ending Sept. 30.
1891, gross earnings $363,721; net, $112,568. "(V. 55, p. 590, 766.)
T e x a s C e n tr a l .—R o ad —Owns from Ross, in McLennan Co. to Albany
Tex., 176 m. This railroad company In January, 1893, took over the
railway company’s main line sold in foreclosure Ap ril 22, 1891. The
branch of 52 miles was turned over to Mrs. H etty Green, and the
main line w ill he extended 11 miles to Waco. V. 55, p. 1111. T hen ew mortgage provides fo r old liabilities, betterments and future exten- *
sious. In year 1892 gross earnings were $323,878; net over expenses
and taxes, $72,910. In 1890-91 gross, $300,781. (V. 55, p. 23, 766
1111; V. 56, p.465, 669.)
T e x a s Sc N e w O r le a n s l(o f 1 8 7 4 ).—Houston, Tex., to Orange,
(Sabine River), 104 m iles; and Sabine City to Rockland, 104 miles.
Se c u r it ie s E tc .—A reorganization in 1874. The stock is $5,000,000,
all but $2,500 of it being owned by the Southern Pacific. In addition
to above bonds there are $414,240 Texas School bonds. Subsidy landsJan. 1,1893, were 720,659 acres; other lands 114,481 acres. In April,,
1893, $500,000 Sabine Division 6s were issued. Stockholders vote in
June, 1893, on proposition to issue a consolidated 5 per cent mortgageSee V. 56, p. 700.
& s
E ar n in g s .—From Jan. 1 to Mar. 31,1893 (3 months), gross $481,128.
against $412,928 in 1892; net, $220,589, against.$167,720.
Gross in 1892, $1,690,226; net, $$724,960: surplus over oharges.
$386,688. In 1891 gross, $1,674,509; net, $735,072. (V. 56, p. 700.)
T e x a s Sc P a c ific .—R oad ; From Texarkana to Fort Worth, v ia
Wlntesboro, 244 miles; Texarkana Junction to Fort Worth, via Marsh
all, 248 m iles; Marshall to Shreveport, 40 m iles; total eastern division532 miles. Other lines—Fort Worth to Sierra Blanco, 524 miles; Sierra
Blanco to El Paso (joint track), 92 m iles; branch, 3 m iles; Shreveport
to N ew Orleans, and Baton Rouge branon, 346 miles. Total, 1,499 miles
O r g a n iz a t io n —The Texas & Pacific was built under act of Congress
o f March 31,1871, and other acts 1872-74, and the laws o f Texas. In
1888 reorganized by the plan in V. 43, p. 164,land V. 45, p. 401, without
having the Court confirm the sale in foreclosure, thus preserving the
original Federal charter. Land assets Jan. 1,1893, were 94,250 acres,
valued with town lots at $500,000, and land notes $117,281. See also.
Texas Pacific Land Trust in “ Miscellaneous Cos.”
Sto c k .—Mo. Pacific July 1,1892, owned $6,525,000 stock.
P rice of Sto c k .—In 1888, 187
s®26% ; in 1889,17% ®23; u 1890-.
12®24ie; in 1891, 10%®165s; in 1892, 7@14%; in 1893 to May 19,
inclusive, 7®11.
B onds .—Trustee of first mortgage of 1888 is Fidelity Ins. T ru s t* Safe
Deposit Co., of Philadelphia; of seoond mortgage of 1888 Mercantile
Trust Co,, of N ew York. The 2d mortgage bonds contain the following
clause: “ On and after March 1,1892, the trustee of the mortgage
securing these bonds, in case o f non-payment o f full interest at 5 per
cent per annum, shall, on request o f the holders of not less than onethird of the bonds outstanding, enter into possession o f the mortgaged
property and manage the same under the direction o f a committer ap
pointed by a majority of the bondholders, until payment, of intereit m
full.” (See mortgage abstracts, Ch r o n icle , V. 47, p. 82.) There were
also Jan. 1, 1893, a Texas school loan o f $141,312, for which $164,000
consolidated 5s are reserved; $89,000 old bonds unredeemed; interest
scrip income and land grant bonds (retirablo under reorganization agreement), $307,242; other scrip, $15,912.
137
M A P OP TH E
TOLEDO, ANN ARBOR
Duluth,
UAnm*
NORTH
Republic
MolletC
Watersmeet
.Turin
.Gordon
■'
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L ow di
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M IC H IG A N
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M
tUliSikiUC
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BONDS.
'''M t o u l i n ' iI
Pembinc
PmitioeJ
Burkes Falls
Mon too
City
* omiiaw
Anttifo
STOCKS AND
RAILROAD
fiiow
Ingram pauc
Ludson
KaikaaKp
Orillia
.Grayling
Ln#al'io'
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Applidtm?
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INVESTORS’
138
SUPPLEMENT.
[V O L. L V I .
S u b H trlb e r* x v lll c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n tlie s e T a b le s .
Bonds—Prinol.
IN TE RE ST
R A IL K 0 A D 8 .
pal, When Due.
Miles Date Size, or
Amount
Rate per When
Pur
Slocks—Last
of
For explanation of column headings, &o„ see notes of
Outstanding Cent. Payable
Wliom.
Dividend.
Road. Bonds Value.
on first page o f tables.
Texas d P a cific.-(C o n clu d e d ).___
1st consol, mort. for $25,000,000, gold............0 1,497
2d oonsol. M. ($25,000,000), gold (see rcm .)....o “ L497
i f Car triiste (as on Jan. 1, 1893...... .......................
38
Texas Sabine Yal.d N. IT.- 1 s t M. $12,000 p.m „ g..o
Third Avenue—Bee " M iscellaneous Co m pan ies .”
Tioga R K —Stock i$189,700 is preferred)...............
46
1at M., duo 1882 and extended, g o ld ...................
Third-rail m ortgage............................................
46
Extension bonds..................................................
7
Elmira State Line Railroad 1st mortgage, guar..
T o le d o Ann A rbor d North M ich iga n -S tock.......... .
63
Toledo Ann Arbor & Gr. Trunk 1st mort., gold . o*
ToL A. A. A N.M. lBtM., Emery to 8t. L.,Mick.g.o* 100
21
Tol.A.A.&M t. Pleasant 1st M.,8t.L.toMt,P.gold.o"
63
ToL A. A. A Cadillac 1st M. ,Mt. P. to Cadll., gold. o'
40
ToL A. A. A L. Mich. 1st SI., Cadillac to Copemiah..
ToL A. A. A N. M. Consul. M. $10,000,000,gold.e' 283
Car tru sts............................................................
23
Frankfort A Bo. Eastern 1st mortgage,gold.......
T o le d o C o lu m b u s d C in c in n a t i —See T oledo A O hj 0 Cen
k
Toledo d Ohio Central—Common stock..................
k
Preferred stock...................................................
197
1st mortgage, gold (Sec te x t)...........-.......- -.......
W esten iD iv. 1st mort. for $2,500,000, g old ....o
Oar trusts, Series 2, 3 and 4, Jan. 31,1893.......
Toledo if Ohio Cen tral Extension—Stock..................
’ 45
Marietta Mineral 1st mortgage, gold...
60
"
c*
OonsoL mortgage for• $1,500,000, gold..
. ,
230
ToL Peoria d TFesf.—Stock
k
230
1st mortgage (for $5,000,000), gold............... c*
1888
1888
1888
1852
1876
1875
1875
1881
1883
1886
1886
1889
1890
1889
TRAL.
1885
1892
$1,000 $21,037,000
1,000 23,158,000
332,899
475,000
1,000
50
500 Ac.
1,000
1,000
500 Ac.
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1,000
100
1885 100 Ac.
1,000
1888
100
1,000
1887
G e n e r a l F inances .—In August, 1892, the U. S. Circuit Court
granted an injunction against enforcement by the Texas State RR.
Commission of the low tariff’ for freight imposed about Sept. 1,1891.
Bee decision Y. 55 p. 314, 332. No interest was paid on s econd m ort
gage bonds March 1, 1892. See provision above, and Y. 54, p. 486.
On Jan. 1,1893, besides car trusts as in table, there were outstanding
$328,280 bills payable. (See V. 56, p. 460.)
L atest E arning s .—From Jan. 1 to May 7,1893 (41 months), gross
*
earnings were $2,365,231, against $2,215,291 in 1892.
A n n u a l R epo rt .—Fiscal year ends Dec 31. Annual m eeting is held
in New York on the third Wednesday in March. Report for 1892 was
In the Ch ro n icle , V. 56, p. 460.
1892.
1890.
1891.
Tear ending Dec. 31— 1889.
Gross earnings........ $6,917,802 $7,327,711 $7,226,462 $6,987,701
1,309,492
1,467,006
1,510,741
N et earnings............ 1,671,744
115,920
151,156
96,151
Other receipts........................... 178,909
Total inoome ....$1,850,653
Paid rentals, etc...... $109,665
Interest on debt....... 1,279,490
$1,618,162
$94,978
1,279,490
$1,606,892
$82,079
1,279,490
$1,425,412
$84,955
1,279,490
Surplus for year. $461,498
New equip. Areal est.
174,164
$243,694
390,383
$245,323
212,302
$60,967
204,424
Balance.............. $287,334 def.$146,689 sur.$33,021 def.143,457
—(V. 54, p. 410, 48 3, 486; Y. 55, p. 314, 332, 857; V. 56, p. 4tt0, 465.)
T e x a s S a b in e V a lle y & N o r t h w e s t e r * ’ .—Longview Junction»
Texas, to Carthage, Texas, 38 miles. Extension of 30 miles proposed
under charter o f Texas & Sabine V alley RR. and in 1893 it was p ro
pos’ d to issue capital stock and execute new mortgage. In year 1892,
gross, $51,348; net, $17,113. Stock, $12,500 per m ile : par, $100.
T i o g a . —State line junction, N. Y., to H oytville, Pa., 61 miles, and
Blossburg, Pa., to M om s’ Run, Pa., 3 miles, of which is leased State
Lin e.N . Y., to Northern Central R ’y, 7 miles; and Arnot Junction to
Hoytville, Pa., 12 miles. Controlled by N. Y. L. E. A W. In year
1891-92 gross earnings $350,041 (against $272,617 in 1890-91); net,
$175,312 fixed charges, $71,067. (V. 53, p. 713 ; V. 55, p. 460.)
T o le d o A n n A r b o r Ac N o r t h M i c h i g a n . —(See Map.)—Owns
from Toledo, O., to Beecher, 272 miles, and branches, 8 miles;
trackage, 4 miles; total, 287 miles. Proprietary line Frankfort A South
eastern RR., Beecher to Lake Michigan, 23 miles. Total 308 miles.
H io tory .—A consolidation o f the several Ann Arbor companies
whose bonds appear in the table above. In May, 1892, purchased the
stock of the Frankfort A Southeastern aud also took a deed o f tin?
road under the Michigan law. See V. 54, p. 763. In December, 1892,
began to interchange traffic with the Green Bay Winona A St. Paul
across Lake Michigan. (V. 56, p. 247.) On A pril 28,1893, W ellington
R. Burt was appointed receiver. Interest due May 1, 1893, was not
paid. Bee V. 56, p. 574, 841.
B onds .—The first mortgage o f 1881 covered road from Toledo to
Booth Lyons, 63 miles, of which in August, 1890, the 8 miles from
Emery to South Lyons was sol«. to the South Lyons A Northern Ry. Co.
Consolidated mortgage trustee is Fan ere’ Loan A Trust Company.
In February, 1893, $300,000 stock and $300,000 consols were issued
for faeilities for trans-lake traffic. Bondholders’ committee appointed
May, 1893: G. W. Quintard, A. F. Eno, J. Edward Simmons, E. Dieliman
F l o a t in g D ebt .—On Jan. 1,1893, balance sheet showed bills pay
able, $149,073; vouchers and accounts, $212,686; accrued interest due
after Jan. 1, $54,400. See V. 56, p. 751,754.
L atest E arnings .—From Jan. 1 to Apr. 14,1893 (3*2 months), gross
tam ings $ ‘39,004, against $280,265 in 1892.
A n n u a l R e i - r t —Fiscal year ends Dec.. 31. Report for 1892 in V.
o
56. p. 761, gave balance sheet and showed the fo llo w in g:
Year ending D e c .'61—
1890.
1891.
1892.
Average mileage........................
284
284
308
Gross earnings.......................... .$1,127,208
$1,099,651
$977,254
Operating expenses...................
712,008
579.272
678, i 06
P er cent ot expenses to earn’gs.
63'05
59-28
61-67
Net earnings............................. $4 15,*. 00
Interest, taxes, etc................... .
361,273
580,900
239,500
125,000
265,000
160,000
6,500,000
1,260,000
2,120,000
400,000
1,260,000
624,000
725,000
144.852
235,000
5 g. J. & D.
5 g. Mch. 1.
None paid.
June 1, 2000
Bee. 1, 2000
j
5 g. j . & J.. N. Y. office;‘ i5 Wall S t July 1, 1938
5 g. M. A N. Phil. .Newbold’s SonACo
M. A N. N. Y., N. Y. L. E. & W.
7
7
A. A O. Elmira, CliemungCo. Bk.
do
do
A. & 0.
7
6
6
6
6
a
5
g.
g.
gg.
gg.
J.
M.
M.
M.
J.
J.
A
A
A
&
A
A
See text.
J.
N. Nov.,’92, coup, last paid
.See text,
S.
do
S.
do
J.
J. N. Y., Farm. L. & Tr. Co.
6 g- j . & j .
do
do
Nov.
Nov.
Oct.
O ot
1,
1,
1,
1,
1915
1896
1905
1905
Jam 1, 1921
May 1, 1924
Sept 1, 1916
Mch. 30,1917
July 1, 1919
Jam 1, 1940
July 1, 1919
June 1 0 ,189a
Apr. 25, 1893
July 1, 1935
O c t 1, 1935
Quar. InstaL
See text. See text. Q .-P .
do
do
3,708,000 5 per an. Q .-J.
do
do
3,000,000
5 g. J. A J.
do
do
1,275,000
5 g. A. & 0 .
658,487
Quar.
1,500,000
May 1, 1915
650,000
6 g. M. A N.
Nov. 1, 1938
do
do
5 g. M. A N.
850,000
4,076,900
4,895,000
4 g. J. A J. N. Y., Moran Brothers. July 1, 1917
Organization .—Formed after sale in foreclosure of the Ohio Central
main line on A p ril 15, 1885. In October, 1890, a large interest in the
Kanawha A Michigan (which see) was acquired. The Toledo Columbus
A Cincinnati was purchased in 1892—see terms V. 55, p. 590, and is
now the Western D ivision o f the T. A O. C.
Ca p it a l St o c k .—Common stock was increased in February, 1891,.
from $1,849,000 to $4,849,000, and on Sept. 29, 1892, stockholders
voted to increase it further to $6,500,000, for extensions, rolling stock
and improvements. See below and V. 55, p. 322, 545, 590.
The preferred is entitled to 5 per cent non-eumulative, then common
to 5, then preferred to 2, then common to 2, then both share, pro rata.
Dividends .—On common: In 1891, 2 per cent; in 1892, Feb., 1 ;
May, 1; Aug., 1; Nov., 1; in 1893, June, 1 per cent. On pref. 1% quar
terly since Oct., 1890.
P rice of Stock .—Common : In 1890, 42V ® 68 *2 ; in 1891, 44®61;
in 1892, 45®521 ; in lfc-93, to May 19, inclusive, 40®50.
2
Price o f preferred stock: Iu 1890, 68*4® 9 5 ; in 1891, 78®88 ; in
1892, 7 5® 88; in 1893, to May 19, inclusive, 75^®85.
B onds .—The issue o f bonds under the first mortgage han been
limited by terms of Western Division mortgage to $3,000,000 in all.
The Columbus Hocking Valley A Toledo in September, 1892, gave
notice that its guaranty o f interest on this 1st mort. would be disre
garded as no consideration had been given. See V. 53, p. 436.
Western Division mortgage for $2,o00,000 covers the road from
Toledo to Ridgeway. 82 miles, with branch, 3 miles, and the extension
to be built to Columnus and Alum Junction, about 57 miles, and (also
subject to the first mortgage of 1885), the rest of the p roperty; $500,000 bonds are reserved, for terminals and extra equipment. See V. 55,
p. 322, 545. 590, 625.
The Toledo A Ohio Central guarantees the interest on $300,000 To
ledo A Ohio Central Extension bonds, and principal and interest on
Kanawha A Michigan bonds—see those companies.
T oledo Columbus A Cincinnati .—Earnings from July 1, 1892,
to Sept. 30, 1892 (3 months), gross $104,592, against $87,776 in
1891; net, $34,249, against $32,528.
L atest E arnings .—July 1, 1892, to Mar. 31,1893 (9 months), gross,
$1,645,657, agst. $1,417, L27 in 1891-92 ; net, $596,648, agst. $487,525;
earnings after Nov. 1 in both years include Tol. CoL A Cin.
A nnual R eport.—Fiscal year ends June 30. Annual meeting is held
at Toledo on the first Monday in September. Report for 1891-92 was
in V, 55, p. 254, 677. Earnings have been as fo llo w s :
Year (md/ing June 30—
1889.
1890.
1891.
1892.
235
235
238
238
Mileage operated................
Gross earn in gs............... $1,163,817 $1,388,749 $1,501,822 $1,561,339
Net over op. ex.& taxes.. $344,526 $545,639 $468,015 $506,306
Other income...................
22,084
30,760
33,018
25,564
Total net income.......... $366,610
Paid interest on bonds... $150,000
Interest on ear tru s ts ___
37,088
R entals..................
29,256
D ividends.........................................
Miscellaneous
438
$576,399 $501,033 $531,876
$150,000 $150,000 $150,000
31,636
36.878
31,226
30,133
33,019
34,267
92,625
167,966
294,488
555
14,802
3,738
Balance, surplus . . ......... $149,828
$271,450
$98,368
—(V. 55, p. 2 5 4 , 322, 545, 590, 6 7 7 ; V . 56, p. 71, 625.)
$18,151
T o le d o Ac O h io C e n tra l E x t e n s io n .—(Sec M a p .)—Owns from
Marietta to Newton, Ohio, 45 miles, connecting with the Toledo A Ohio
Central main Line; branches to Stewart, etc., 15 miles; trackage Marietta
to Moore's Junction, Ohio, 3 miles. Total, 63 miles. In 188s purchased
the Marietta Columbus A Northern (formerly Marietta Mineral), and in.
1892 completed extension to Newton. Consolidated mortgage issued
to build extension and fm equipment and $650,000 held in escrow to
pay off the Marietta Mineral 1st mortgage at maturity. Of he
console $300,000 (Nos. 1 to 300) have interest guaranteed by the
Toledo A Ohio Central RR. Co. In 1891 gross earnings, £196,978; nst*.
$88,638; interest, $74,212; rentals, etc., $3,225; balance, sur., $9,2C1.
In 1890 gross, $109,312 ; net, $58,036.
T o le d o P e o r i a Ac W e s te r u ,- O w n s from Indiana 8tate lite*
$421,543
408,544 to Warsaw, 01., 220 m iles; branch, La Harpe to Iowa, I1L, 10 miles;;
trackage to Peoria and Burlington, la., 17 miles; total operated, 247
Surplus tor year...................... .
$53,927
$3,852
$13,001 miles. H is t o r y —Formerly leased to Wabash; sold in foreclosure
James M. Ashley, President, 29 Broadway. New York. (V. 53, p. October 29, 1S86. Sto c k , $4,500,000, o f which $423,100 is in the
treasury. B onds .— Vbstract of mortgage (Charles Moran, Thomat
969; V. 54, 763 ; V. 55, p. 2 9 (i ; V. 56, p. 81, 247, 7 o 1,754, 841.)
Denny and Cornelius B. Gold, trustees) V. 45, p. 242. The company
T o le d o Coium biiH Ac C in c in n a t i.—See T oledo A Ohio Central . funded part of coupons in 1888 into 4 per cent scrip certificates dusT o le d o Ac O h io C e n t r a l.—(/see M op)—O w l s from Toledo, o . to April 1, 1893. These cert ideates were paid at maturity.
Corning, 184 miles,including 12 miles leased; Thurston to Columbia
L atest E ar n in g s .— From July 1, 1892, to Mar. 31, 1893 (^months),
29 miles, including 5 miles leased ; total owned, 197 mileR. Leases also. grosH * 701,936, agst. $799,667 iu 1891-2 ; net, $201,523, agst.,$238,699.
Corning southwardly, 13 miles; (Booster to Carrington, l l milesA n n u al R e po rt .—Fiscal year ends June 30. Report fo r 1891-92 in.
total leased, 41 miles; total operated July l. 1892, 238 miles. On Nov
1692, began operating also from I ol do, O., to Kenton, etc.. 75 miles V. 55, p. 503, showed results as follows :
Year.
Cross Pa r us.
Net Revenue.
Jnl.dk: Taxes*
Surplus.
(formerly T. C. A G.J, making total operated 313 miles. Line is com
pleted from Kenton to » idgeway, 10 miles, but not in operation, and is L889-90......... $938,830
$227,635
$227,205
>430building from Ridgeway to Columbus, < > 50 miles. When this is com 1890- 91......
_ .,
926,548
243,566
230,263
13,303
pleted company will have two lines from Toledo to Columbus and a 1891- 92...... 1,017,791
282,605
232,003
50,602:
short ronte to Chicago via the Chicago A c.rie. (V. 55, p. 590.)
—(V. 51, p. 303, 4 56 : V. 53, p 407: V. 54, p, 889; V. 55, p. 503.)
$397,982
396,597
13®
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INVESTORS’
140
SUPPLEMENT.
[V ol. LVI.
M AP OP TH E
rOLEOO
TOLEDO
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CENTR AL
EXTENSION RAILROAD
A N D C O N N E C T IO N S .
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EAILBOAEr STOCKS AND
BONDS.
141
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
B o n d # — Princi
IN TE R E S T OR DIVIDENDS.
S A tI.RQADg. _ _ ------------------ Mites Date Ske, or
pal,^When Due.
For explanation o f column headings, Ac., see notes o f
of
Par
Outstanding H a t t e r
Where P ^ a b le , and by S toe‘ s—Last
on first page of tables.
Road. Bonds Value.
Dividend.
451
Preferred stock, 4 per cent, non cumulative....... 1 451
1st mortgage, gold (redeemable at 105).......... e\ 451
Equipment contracts...........— .......................----fafado S a g in a w <t M u s k e g o n —Stock........................j . ...
1st mortgage, gold ............................................... j 96
T oled o <i S o u th H a v e n .......................................................
T oled o W a lA o iu liu g T a lle y <* O h io —Stock...............
125
Geu. M. ($20,000 p. m.). gold. A, guar. p. k i..e\':r 125
T o ro n to G rey ,f B r u t e — S e e CANADIAN P a c if ic .
;
Traverse C ity H E .—B lo c k ..................................................
1st mortgage, rental guaranty, Gr. Rap. & Ind..
26
T u n n e l J W . o f S i. L o u ie — S e e ' I k r m in ai . A ssn , of St . L.
m e te r * H ela tca re —Stock ($3,000,000 authorized}...........
Consol 51. for $2.000,00 0 , gold.......................e*
78
U n a tltlla V a lley —S to ck .......... ......................................
1st M., $250,000, $12,500 p. in., gold. m l. at 110 ....
U n io n Eleeated— B cc B k o o k l y s E l e v a t e d .
U n io n P a c ific —Stock.........................................................
1st mort.,Omaha to near Ocden.l.OSS miles...... 1,035
24 mortgage, onrrency (Government subsidy)___ 1,035
.8. K. 3d M. on road (2d on land) g., f k 2.. . . . . . . v k t 1,035
Omaha bridge bends is. f. drawn at 110),gold,e*Ar
4
Renewal (sinking fund, not drawn), gold....... cl
jKan-aa Pac, Eastern Dtv. 1st M..$16,000miiLAOld 110
Middle Div, 1st mort., $16,000 per mile, g o ld ..’ 253
2d mortgage (to V . 8. Gov.) on 3ti 1 m.W. 51,.. It. 304
32
Leavenworth B r„ 1st 51. i $682,000 in trust,
Denver Pacific, 1st 51. gold ($1,971,000 in trust. 106
1888
$100 $11,250,000
5.805.000
to o
9.000,000
1,000
897,865
1.600.000
1,000
1.560.000
1891
"io o
1,000
la U d o St. L m d a d- K a n sa s C ity .C o m m o n stock .
1886
2,*500.000
1.500.000
100
205.000
18S3
1.000
250.000
D Mis CELLAR EOCS.
J
1.794,600 ;
. .. . 1
100
1.518.000 !
1888 ] 1,000
100
200.000
1893 500 Ac. Nil, Feb., ’ 93
10O
1866-9 1,000
1866-9 1,000
1874 : 1,000
£200
j 1871
| 1885
1.000
i 1865 : 1.000
I860 ! 1.000
1
1885-1
1866
1
1889
l'.OOO
1.000
60,868.500 i
27,229,000 I
27,236.512
5,176,000!
570.000 j
888.000
2.240.000
4.063.000 j
6.303.000
18*000 J
4,000
6 g. jJ. A D. Dec. ’93, coup, last paid June 1, 1910
Monthly.
5
J. A J. N. Y., Office, 2A B'way, July 1, 1918
■Usg-jJ. & J. N.Y.,Farm ers’ L ’n & Tr. July 1, 1931
3
J. i
J. N, T., Winslow, L. A Co. Jam f , i933
5 g . J. & D. N. Y „ Central Trust Co. June 1, 1928
5 g. J. A J.
1933
1%
6
6
8
8 g.
5 g.
6 g.
6 g.
6
7
7
N ew York City.
Jan. " l ,
L
Q.—J.
5'., Un. Trust & Bost, Apr. 1,
J, A J.
do
do
1896 to
J. & J. V.S.Treas., atmaturity. 1896 to
51. A 8. N. Y „ Dn. Trust & Best. Sept. 1,
A. & O. Lon. & N. Y., Drexel M. Apr. 1,
A . & O . N.Y., Union Tr., ,fc Bost.O ct 1,
F. A A.
do
ilo
Aug. 1,
J, & D.
do
do
June 1,
! ...... I
..............
1895 to
M. A N. N. 5'., Du. Tr. & Boston. Jan. 1,
51. A N.
do
do
May 1,
1884
1899
1899
1893
1896
1915
1895
1896
1897
1896
1899
T o le d o SI, L o u ie A K o n - a i. C it y .—ROAD—Owns from Toledo
H is t o r y , &c.—This company, the Union Pacific R a ilw a y , was
to East St. Is, uis. 451 miles (61 Lj lbs. steel); sidings, etc., 72 miles, formed by a consolidation, January 24,1880, of the Union Pacific Rail
has trackage to St, Louis and Toledo Union depots.
road and the Kansas Pacific and Denver Pacific, made under authority
HtsTonr.—Suceeesor to Toledo Cincinnati A St. Lori* narrow-gauge Of the acts of Congress o f July 1.1862, and July 2 , 186-1. The Union
road, roreeloeod December 30. 1885, and lu 1890 mule standard-gauge. Pacific Railroad r;,m chartered by A ct of Congress o f July 1 ,1862
the President, w m made receiver. Which gave the company a land grant of 12,800 acres per mile, esii93, Sir. Call.
On Ma 19,
amted at a total of 12,083,22? acres, and a subsidy in United States
See V.
bond* o f $27,236,512 on 1,033 miles o f road. The Kansas Pacific had
1* & 4 pt'T cent cot pen stock, non-cumulative,
STOCK.—The prefer?
rO.:m:U'HX> \md a laud grant of about O.OOO.OOO a J ! -r, but the oertifi mte# cob tatii the follow ing
M
and w !
Since the oonsoiidation in 188«» much mlditional indeage has been
previ-ior
['<>TS!»ttt«tc* » lie s upon the property and net built and acmtired thro igh subordinate corporations, a controlling
m cum
ompi*i next alter the e« npHny'rt existing n t s t mort- J interest in whose stock is held by the U. P. See separate statements
of tb
tar
jreate bo mort- >ge o f Its main line other for companies murk id with an asterisk in table o f m ileage above.
o f any part thereof, except exprdMdj'
I
In November, 1890, tlmre Was a ehiuigo in the management o f the
t lien €*f t h l » certificate, without the consent o f the Union Pacific, Messrs. Sidney Dillon, Jay Gould, Russell Sage, H. B,
dObleet to the |
hohtoT* 0t At l(t
two-tl ird# o f thin stock p rm m .it mi m meet lug."
Hyde and A, E, Out becoming directors. See Y. 51, p. 748; V. 54, p, 725.
m ongage, #20,000 er m ile, © over* the term inal
B t r s m . The
C a t it a l Sto c k .—
-The capital stock issued and outstanding is $ 60,lid K.,8t. h m k . Total nthorUed
D $9,800,000, $68,500, having been iucraiiaed. alioat $10,000,000 since 1880."
~prop e rt
■hi which f.^00,000 held toy the Farmer* Loan A Trmt V (w ith J. E,
tm rv
t
o.
I D i y i p e s w —Since 1879—In 1880, 6 percent; in 1881, 6 \ ; in 1882,
Mclloriaid, mortgage- trwet.ee) arc to be soldi only on completion of outm m
•Offfrom Dupont, O.,to Decatur, Ind, Abstract of mort. in V. 45, p. 403, J 7: In 1,883. 7 ; in 1884, 3%; none since.
On 3»«>v, 14,1802, preferred sfocfeh »biers voted down & pjmposiiiori to
P rick o r St o c k . - In 1888,48*66*3 In 1889,56 Vd71 H ; in 1890, 40
ta**Ni a 4% per m u t rm iM it mortgage for $ 13,500,000. tSec V, 55, p. 639,
in 1891,32*4^52%; in 1892, 35% *50*4 ; lu 1893, to May 19,
4
057.) On July 1. 1892, there were oatstai rltng 0*150,297 not# 8 pay- I Inclusive, 28%*42%.
able. and #397,865 equipment contract#. DefsiiU will he made on | Drrrr t o U. 8,—Interest on the U. 8. loans is not obligatory DU the
00u p a iim *1
ae J u n e 1,1893.
principal is due, but the Thurman act o f May, 1878, provides that
L.4T«*T &AJU*ismsh,—From Jan, 1 to M »y 7,1893 (4% months), gross, 25 per cent o f the net earning* after deducting interest on the first
#807,804, ■ fast #698,282.
mortgage bond* and construction and equipment expenditures
applied
annually to
interest and sinking
fund.
Fiscal year end* June 30. Report for 1801-92 shall be
AsrscAt. R k
t w m In V. 55, p, 542, *hc*winsr g m m earnlnirs $2,- On January 1, 1893, the sinking fund, invested In HR.
With balance
#1,672,781 lit 1890-91; net. #180,315; Interest, and U.8. bonds, (par value) was $11,825,500, and the premium paid on
078,416, aifa:
, deficit, #42.095. X. Y. oQ H m 4 1 Wall
53 i bond* and cash uninvested was $1,889,041; total, $13,711,541. The
#523,3 S
O;
debt to the United States on Jan. 1, 1893. was thus stated: Principal,
V. 55, p. 463, 3 *2 ,0 3 9,766, 857.)
p. 128, 3 m , 80$
$27.230,512; interest accrued and not paid, $817,095; Interest paid by
A y t I I » k e g o n . — F r o m Muakegpon, M ic h ., to A *b - | United States. $39,685,507; repaid by Union Pacific. $13.567,643;
c.
T o le d o
i m ,...................... , .-oaiwdhMr with the Toledo Ann Arbor A North balance o f interest paid by 0 . 8 „ $25,059,515. On Kansas Pacific
Mich., 96 fe
d
m k u g m * m AtsgoAt 1.1888, the Grand Trunk o f Canada puretraaed there was due the Government, Jan. 1,1893, for principal, $0,303,000;
4be $1,600,000 stock and above iw m d » were Isatied having a traffic f i i a r Interest, $5,432,676. A n to report o f Government directors in Sept.,
an tec from that road and the Cblesuto A Grand Trunk. In 1802 gross 1892, see V. 55, p. 545; also tee V. 55, p, 895.
tamings wer| $126,065; uct, $19.047: Interest, #70,000; ctefhslt, $50,Goa ran t IK*.—The 0 . p. g iiaran tees cithor aa to principal and Interest,
330, paid by f ir. Trunk and €h. A Gr. Trunk.
or m» to interest only, cortain sceuritleaof the follow ing companies, full
T o le d o '% a l h e a d i n g V a l l e y 4k
Own* .road In opera* information concerning which w ill be fount1 under their respective
lion from Toledo JoaetfeiB to Toledo, O., 80 mile*, and extension head* Leavenworth Topeka & Southwestern; Oregon Short Line A
completed Aterlt 1 ,1.803, from to M o k v ill# to Coshocton, 0.» *5 miles* j Utah N orthern; Oregon Railway & Navigation (through guaranty of
A eonsolldtivon of the Northw* Ohio and the Walhom Valley Railways,
lease); St. Joseph A Grand Islan d; Union Pacific Denver «fe Gulf, and
teased for
earalnjp* to the F* bimylvant# Company, which p a m o * Union Pacific Lincoln A Colorado.
U m p r t m ip u
rmds, and Jan. 1,1803, owned
Bond *.—Outstanding bond* above arc given including the amounts
#1,020,000 hoe
$1,000,000; there is » sinking
fund of 1 phr t-e
hase<I at par or lose; otherwise owned January 1.1883, and pledged as part security for collateral trust
It laps**, tie t■
to ealL In 1992, gross, $506,- notes o f 1891. The amounts so pledged were Omaha Bridge bonds,
tt[~ — .. ^ 1801 gross, $4,000? do. renewal, $145,000; equipment trust, Series C, $671,000;
.
238; net, $9?
collateral trust, 1%«, $237,000; Kansas Division and collateral bonds,
#460,241; tm ,
$5,000,000.
m n River), X. Y „
l i s t e r k I*
The Union Pacific c o lla te r a l (r u s t 6s are limited to 80 per cent o f the
tbflifem foii. N.
lie s ; teaaeN Dela; total, 97 miles, following bond* : Omaha A Republican Valley RR., $887,000 ; Colorado
In 1890 p4rtJ**s intere
and Delaware & Central RR. bonds, $1.795,000; Utah Northern RR., $2,037,000; total,
H uAmoi e#we Into eon
re of consols unissued is reserved 14.719,000. The c o lla te r a l tr u s t 5s o f 1883 are secured by the following
for fn tore ixt^nshma.
re >k Otsego which is leased for 909 bonds: Colorado Central RR., $1,202,000; Utah A Northern RR., $1,
>22,000; Omaha A Republican Valley Railroad, $589,000; Omaha A
f m r n trap Ft;
, 1803, at n
«
ml rental o f $1 m s* annum im to be
4kkteiidc(tJo Or
IL To aecpiire tills praperty stock Republican Valley R a ilw a y , $1,859,000; Utah Southern RE. extension,
$81,000 ; total, $5,653,000.
wa#< i.»ere|»cfl # i 00,0c
» $I25,0CK*.
Tim c lla te r a l tr u s t 4 ‘su of 1889 on
*
E a awtsis,— From J•
i. mm to Mar, 31, 1893(0 moBtlis), e r o m Railroado {formerly Denver South Park &Denver IsmdviUe A Gunnison
Pacific) are secured by mort*
#323,2
H I In 1891-92; set,#1«0JJ90, against f 103,841 gage bonds on that narrow-gauge roacl at $11,000 per mile, $22,200 per
In yeaufendlok
1892,. the g gm ® earning# were $399,860; net. mile being authorized for extensions. There is a sinking fund, out
#11.1,921 In
m srpX m , $42,277* in 1890-91 $376,1 44:
lionds cannot toe called. Company** stock is owned toy Union Pacific.
•fel* $111617. <v >3, p. 6 0 3 \ V. 55, j>. 597; V, 58, p. 403. 502.)
The D e a r e r P a c if ic E x te n s io n bonds had in their sinking fund Jau. 1,
. tr n t o i Fa<M ir f t i» | .lw « y * w
M upejh-lLtnrm owned directly.— 1893, the follow ing live bonds, given above as outstanding: D. P. E x
Maitt It'S# (former C Pac, HR.) Council Bluffs to >gden and branenes. tension 6*. $1,451,000; Eastern Division bonds, $301,000; Middle Divi1,038 nj
forme
is Pacific Kail way, Kansda O ty to Denver, I *ion bonds. $317,000; total, $2,102,000.
#13 r
aw#, and leaven w rth to Lawrence." 34 miles • former Denver
<
The K a n sa s P a c if ic b on d s above are given less the amounts of each
Taeiii[c r y , Denver to r\u yes tie. 100 m iles; total owned, 1,822 miles,
class held by the trustee* of the consolidated mortgage. The consoli
The flTiton P a d
tern '* on January 1,1803, was made up of dated mortgage trustees are George ,T Gould and Russell Sage, and
.
"the tollw iu g line* :•
they held in trust on January 1, 1893, the following bonds o f the
JdneiowHed & con lie d . Mile*. 1 h in m owned < Controlled. Miles. Kansas Pacific, vix.: Leavenworth Branch. $582,000; income {unsub
£
. . . . 1,822 f *Kansas City & Omaha......... 193 ordinated) bonds, $241,200; income (subordinated) bonds, $8,992,650 ;
I>envJieadvi])e & <
son 325 |#0nTi Pac. Denver Sc G u lf... 994 Cheyenne Branch, Denver Pacific bonds, $971,000. They also held
K a n ** Central ....
165 *P i. Worth A Denver C ity .... 469 $183,000 U. P. collateral trust notes and $1,980,500 of the stocks
0 r o » a A Republican Val
482 j *C. P. Lincoln A Colorado... 225 and $3.160,000 of bonds of companies controlled by the Union Pacific.
*O rein 8. L. A Utah Nor...., 1,425 ! Seven small roada. . . . . . . ___ 271
The K a n sa s P a c if ic c o n s o lid a te d m o rtg a g e covers the road from Kansas
* O t 0M A N. ( ’o;* , rail lines 1,039
c ity to Denver, and branch, 673 miles, subject to the divisional bonds
*B m h G rand pd*d
kJn ph
(to retire which sufficient bonds are held) and the United States lien.
251 !
Total w tTn. Pac. 8
f 7.681
4Tp-se pf0pcrti.es. having ecniltie* o f their own held by the public,
In April. 1891, a new loan for $20,000,000 of 5 per cent bonds was
arerp arately de«ei11>e«i in 'tlii* B ttp p h E u w it .
authorized, to bo called the Kansas Division and collateral Mortgage,
AJo controls the Central Branch Cut*’** Pacific and leased line* (388 hut these bonds were only hypothecated as collateral.
mil#) which are operated by the Missouri Faeiflo under an
Of the $18,530,000 c o lla te r a l ( rust, g o ld notes which were Issued
AgrCment with Union Pacific for twenty-five years from 1885, lo August, 1891, to fund boating debt $7,020,000 had been retired
A 1 0 own*jOTBtt|‘ with other coispauica the Leavenworth Topeka A through sale of collateral prior to May 18,1893. A full abstract of the
western, 4. miles; Manhattan. Alma >k Rurllngam©, 56 utile*; trust deed was given in V. 53, p. 528-531, The stocks deposited carry
M m tsm m Union, 72 miles; grand total o f all lines, including one-half the control of all the most important branches of the system. The
notes are redeemable at the company’s option at par on 30 days notice*
W fm operated jointly, 8,157 miles.
U io F rtr ......
n n a ie
%
f e e L-YM PIA't>> 7
-r—EllensBi
M L Teninojr
$arn35gto^
^ ° «U
S H lProsser
Da^ ° 'T
AKolaiua „„
^VBt
v/
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\
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UNION PACIFIC
RAILWAY
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142
r
ie t° 1
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fliu o u la °
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K T d U t il
RAILROAD STOCKS ARD BONDS.
M , 1 9 .]
ay 8 3
143
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
RAILROADS.
; . ! *
■ —— ——
——.
— -—
----- —------------------------ 3 x1e.> > Date oiSize, or
1
.dc, ui i
i Par
For explanation of column headings, Ac., see notes '
| .. . ^ F a r
i Road. Bonds! Value.
on fit-si page o f rabies.
i U n io n Pae&fv.—t C o M h u U d . ■
J I860 $1,000
! 1806
50 Ac.
, 1866
K^.CoBS.M.SS0,e0Oj&O0.1.gr. gold, not Ar’ u.fr.
. 1878
13606
C , Pac. collateral trust, gold, s. 1. drawn at U ."> e
>
1.000
1879
Collateral trust a t 1883, gold. ?. 1. n ot dr’l l .........
1.000
1883
OoBat. trust. Den. L . & Gun. i$3.230,ODO>.s....... V
325 1889
1.000
Kan. JMr. and Col. Tr. M „ gold, red. a t H O — o’ i r 767 1891
! .000
1391 1,000Ac
CoUat,trust gold notes fo r§24,000,000........... e a r
1,000
1887
Equip, bonds Series A , i 10 due yearly in Oct . c ;
Do
Series B, V , due yearly fn April---1,000
1888
ig «o
Do
Series C, i ■ due yearly in October.
o
1,000
100
V r, io n i ’a c t tie Dearer < 6 ufy—
£
StOe k for $36,000,000
1,000
Colorado Central 1st inert., $15,000 per in....... c; 328 1870
1.000
Denv. Tex. A Ft. Worth 1st M, $20,000 p.m.)g.o* 165
Denver Texas & Gulf latM . ($20,000 p.rn.i*. e^r 136 j ill? ‘ 1,00060,
1.000
v tJJP.Ben. & Gulf con. M.. gold, tub. to enlist I05.O’ 821 ; 1890
Ft. Worth A Den v. City 1st M . $18,000 p. in., g.o* 450 1SS1 . 1,000
Union h iH lte Lincoln * Colorado—Stock...............
le t SI. #30,000 !"-r mile), gold, guaranteed.. . -c* .225 1888 j l ’.ooo 1
100
Vnited H. J. MM. <* Canal <30.—Stock, lO p.c. guar,.
lie s ) , $200 i
-------( » e a e r a ! ster. loams. f. $36,920 y r.. not dr..g.v \ <p
200
do do do $36,000 yr. not t!r.,g.<‘
Mortem*)
17
8 1 1.000
of i a n our. loan, a. f. $ 10,000 yr. not drin.r I i i 1871
g ’73-’70 1.000 :
tnow l i t loans o f llto i, sold......................... e
1.000
*s( 1878
w a t t i &fy loan o f 1808, gold.......... ............... r
1,000
cures ail loan o f 1923, gold...........................ri ® Si 1883
equ a lly.. / loan o f 1929, gold.
.c*ri a a : 1889
i.o o o i
236
661
061
675
a
.mnnnf
(
IN T E R E S T OR DIVIDENDS.
Bate per] When Where payable, and by
Cent, Payable
Whom.
Ronds-PTnic:
pal,Wh§n Due,
Stacks —Last
Dividend.
N.Y.,Lond'n & Frank* t.
N. Y., Bit. of Commerce.
do
do
N. Y,, Uu, Trust & Bust
do
do
do
do
do
do
May 1, 1 9 » '
July 1, 1916
J >ly 1, 19 IB
.'May 1 , 19HJuly 1, 190S
Dec. 1, 1907
Nov, I , 1018
M ay 1, 1921
N. Y., Drexel, M. & Co. Aug. 1, 1894
do
do
$72,000 yrly,
do
do
210,000 yrly,
do
do
ijo yearly Oct.
N S .. Bn. Trust * Boat.
T. ’
do
do
do
do
do
do
do
do
July
Nov.
Apr.
Deo.
Deo,
N.Y., Union Tr. & Bost.
PhUft. and N.S’ .. Offices.
Lond’ n.J.ti,Morgan A Oo
do
do
Philadelphia, Penn. RE.
do
do
do
do
do
do
do
do
Apr. 1,
Apr. 10,
Moh. 1,
Moh. 1,
Ooh 1 ,
Moh. 1,
1,
1,
1,
1,
1,
1909
1937
193T
1939
1921
1918
189S
1894
1894
1894
1901
1906
1923
Sept. 1, 1999
l a k c QsuiM t .—T&© proceeds of land, tales on t i e Union Pacific main \ ( >(c)\ viz\ri-.jN—This was a eonsalidatlon In April, 1890, o f the Duo
I ik m are applicable to the tiaktag fond mortgage 8 per re s t bonds, On ’ ver Texas A Fort Worth and several Union Facttlo lines. I t Is eouthe Kmnm& Pacific th e eaeh income from land belongx to to the eoxutoU- l trolled and operated under traffic contract by the Union Paalfle.
i’dated
the Denver Extension mortgage** On Jutsanr 1. 1893, the which guarantees the Denser A O ulf enough business to pay Interesi
company hod in ceeh and in land cxmirefiti from the Union Pacific |and taxes. See V. 49, p. 720.
Igprani agjpt^ated $4,619,952, and the interest to accrue on land cooSTOCK.—Capital authorised <3«,IH)0,000, o f which $32,834,489 had
I’tracts was m U m m te d at f l ,900,900. On fam e date the U. P. hunts tin*
isMual <m January 1.1893, 313,251,982 of this being ovraad by the
•old were 3,297,000 acre**, estimated at 13,079,000; tb»* K u ik ^ Pacific *
I l.’ alim Pacific Company and $3,406,300 by the company Itself. In adlands Mam&UU 3,171,000 acre*, estimated at |iO,liB,SOO, Hite last Incl oiling 2,102,000 acre*. rained at $5,340,000* covered b f Denver Ex- dMiBn th e stock o f csntstltueht oompaates outstanding on January i,
I>
-03. Amounted to r i ,202.610 . In the -able above the stock Is given
! tm n io m mortgage.
I as n*[M>rted by the N. V. Stock Exchange on March 17,1893. The Com
FlgoiiOJOij, iStec.-^Ttie GOmp&uy for a number o f year# extended rapidly eon-, d d i . n d - r
- 7.
«- . ■•
.p tt a l s to ck -jf 90^ 75,0041
and Iniiit and _acquired mneh new mileage, bat raider the i f x p m m o f the Fort Worth A Denver City Railway Co., which see.
‘ c o v e n a n t# o f t h e fru w t d e ^ ^ t c a r i u f t h e c o lla te r a l 6 p m m m % gold
t m
® e x te n s io n # ca n b e m a d e , n o fea *e# o r r u a m n t l # o f %w$ kind
Bos) ■ -Tl)e t’oriAoikiated tnurtgaye provides for bonds a t $25,(XK) per
v:i,M&ttm&X* rso hf*a«t» lastwhd* exhenoed o r e»dor#ecf s p in a i f natt o f the mile o f single and $35,000 per mile o f dnnble-travk Of oomptetod rall< v u te m without the uaa&ifift<nw eoraamt o f a eouimitteo < jtmMiitisr o f 4, | v, .v> utud fur furtiu-r am' -mts on the pledging with the trustee o f oerx
ijriertwnt Morgan, John A,. Stow'art* K*twafd King, W, A. A t m * and t«d«i
suiTleirft bonds being r t w u e ! to retire the dlvtnlona!
■ E- Orr,. V. 55, p, 545.
A,
i bond* tit o r -betejse uiAturtty. There is n o vl n king fund for the eon soIs.
! but tint wbol. issue as au entirety Is subject to call for payment at 105
LA TB irr S U K B C A . — F o r 3 m o n th # e n d in g M aixsti 31 e a n iic
I on any Biten -i day after six weeks’ notice. Oon»ol# areindorsed with
-----Q m m Earn Inga.—
—--N et Earn)
i the V . P. guaranty of !nter*?*t. See V. 50, p. 690. Abetraet o f mort1893
1893.
1892.
Jan, 1 toM 31.
ar,
1892.
j gain; V. 51, p. 244.
m m &a a u a i . v . $1,329,039 $ 1 ,487,898
N 91,589
#105,441
T b « amount o f consol* ouUtondlng in the table above 1* that re
869,491
0. Ev, h X.: mil U m
n
883,393
V3U& UI
76,107 |ported by the N. Y. Stock Exchango,in'March, 1893. 'flic Union Piu-ftic
318,323
203,589 |report for 1892 gave the total outstanding January 1,1893, as $15,. V xl P a e Den-4s Gulf.
1*386,810 1,270,784
3*29,886
8t» Jo. d Ofmiid l.fti’d .
284,353
134*
120,070 714,060, o f which the Union Pacific Co. held $7,262,000 and the oom4,946,410 5,050,058 1,537,974 1*803,926 I pany Itself $914,000.
M M other U n m ,
' B m V . I’ , fo r the *ecttrKh» o f ; bis company pledged aa seonrlty under
Tot°17n.Pae,8r#.” . #8.858,609 $8,976,483 #2,529,775 *2,695.589 | II- F. trust deoils. The flouting debt jati. 1,1893, was $ i ,.197,945
€3M tBr3kPaetfm M
304,808
317,873
124,243
142,28? i l,*rs*n rK ab , iv <;«.—Jan. 1 to Mar. 31, 1893 (3 mo*.), grofsa. *1^86,s
%&*ds jointly own.
75,040
144,346
981
23,585 t 810. against $1,270,784 In 1892; not, <319,323, against $303,559.
Grand total o f all.
1 A t N t 'H Ittu-oHT. - The income from the Fort Worth & Denver City
H not Inelnded In the gross and net earning* lu the table below, but the
i profit from its operation* I* added to get tils Anal result.
1 V ta r e n d in g flee. 31.
1800.
1891.
1892.
j Average tulles operated...... . .
927
083
086
<3,738,573
<3,732,244
<4,135,241
<809,001
<656,993
$760,178
Add Ineomo from lav, »tf% Ac
70,861
81,539
83,874
7,673
404,089
379,155
351,909,200 Guaranty account......... .
2 398 ct#.
$880,762
*1,202,820
$1,223,507
2,275,535,670
1*310 oft,
< 1 ,202,020
$1,219,027
$821,325
# 13, 135,099
148,353
28,764,979 Discouut, Interest, etc ..
81,604
26,852
4,480
$9,239,057 $0,438,704 $2,054,999 #3*801,460
Annual meeting is Bos
ton bust Wednesday in April. Report for 1892 at considerable length
■la Ch xo sic MU V. 56, p» 7i0, 712;
artlel© p, 693.
On the **jDalon Pacific System*• proper, operation# were m follow s:
J m r m t i i n g Dee, 31—
1890,
1891.
18l>2.
A m v .A U atPORT.—F lical year end# Dec. 31,
Atflffww m » operatofl, 7 / 0 1 2
Siw
PiMl#«mpp^c-arrd one ml, 399,664,486
Rato per pMa'gT per mi
2*380 et.*.
Ton# oarrfid one m ile____#,115,988,741
Rato per t*n per mile
1 -38 i eta.
a m **
# 43,010,218
OperatiR#exp %cd tax.*#.
30311*104
7,fM8
342,481,8^
2*477 eta.
2,192.2*7.955
1*343 et*.
$ 12,600,588
29,160*278
Ifet m m M x s lower tasea). #12*239,084
$ 13*539,310
$14,370,120
<170,521
<26,852
None.
275,292
64,735
3.380
P, e. o f o f . ex to earning#
71*57
68*29
66*69 i I*roflt on Ft. «•. A D. 0 ...
The coUpaoy*# income a«?em3nt, Inoinding reanlt# »>s all line# oper j Surplus for year...................... <101,771
$37,833
$104,771
$3,380
ated* wal m feelow;
I—(Y. 51, p. 143, 183,244; V. 52, p. 679; V. 54, p. 719.)
T e a r t i d i n g Dee. 31—
1890.
1801.
1802,
Set w n k * ................... $12,238,084
$13,530*310
$14,370,120
U n io
el fn L i n c
A: C
from ftailna to
Dent, Bdch U. P act earn.
115,989
168,818
423.913 junctionn D uthe Kansu* o l n Ry. at o lo r a d o , —Owns Jnilea, Tbebonda
with
Oakley, Kan., 225
foveetJBfnt# oat. o f #y«,
606,530
837,251
844,445 are guarautoed by Union Pae, by endorsement; trustee o f tnartgagoio
Par.,
I»t. o n 3 F. 8 p. c. bond#,
........
244.,730
90,920
a n Co., o Iloston; sinking fund
f l
Cnt-on figP.e<m.t>4*. Mp*d,
381.300
377,100
486*230 the American Loan A ' I rcannot be f drawn. Union Paolflo o f % o aU )*er
tf«nt yearly, but bonds
owns
the
MleMQiMXnu..................
93,iU6
1T2,*56
272,223 Block except what i* held by certain counties in Kansas. In 1892 gro*»
earnings, $226,889; net over taxoe,
$205,411 fagabuit $107,699 lr.
T o t i reeelpts............ 913.439,8S6
*15,310,054
*10,4116,951 1891 i ; traffic guaranty, $18,113 ; total net Income, <223,525; inter
f ou band*.............. *9.801,406
<10,191.*82
<10,844,044 est, $223,525, and sinking fund, $30,053; balance, deficit, $30,053.
Btnklnifunds............. .*.... 1.064,499
1,097,901
1,003,239
W v. «JO. t t r . * » . stock..
051,920
361,951
567,600
r u t t e d N e w J e r s e y I t a l i r o a d Ac C a n a l C o .—(Fee m a p P e n n ,
hi owl Interest.......
731,194
697.409
. t u lt a n i a R. R .) Controls an important system o f roads in Northern
ht on bond* *01(1. <fce.
65,714
1,032
111,223 New Jersey, having a line from New York t-o Philadelphia, another
1 « m 4 rends op. Jointly..
15,007
........ .
........... from Perth Amboy to Camden, apposite Philadelphia, and branches to
MlMAtioLN. P.Ter. tu t......
377,417
257,252
357,711 Long Branch, Berkeley, etc., N.
and to Mnnunka Chunk, Pa. Total
tlo<*i.............
147,045
161,495
85,144 mileage 450 mi le*. The principal Ilnea owned directly are from Jersey
City to Trenton. 58 mile*, and from Camden to South Amboy, 81 miles g
Tjjtal disbarneiueats... *12,857,172
*12,991,732
<13,008,961 9 branches, 29 m iles; total lowued directly) 148 miles. Also owns till
ffu m i* ...............
778.606
2388,272
3,427,990 Delaware A Raritan Canal, 68 mile*. Among the line* leased are the
CnftW State* fnqulm ncut, 1,053,723
1,293,230
1,358.134 Philadelphia A Trenton and the Bt-.lvidere Delaware—which see.
Li; i * e. - L eased InAlay, 1871, to the Pennsylvania Railroad for 899
B «6 «v e .......................... I>ef. <275,037 Snr.l ,065,012 8ur.*'2,089,756
years, at a rental of 10 per cent on the stock, besides Interest on bond*.
~ ( i 53, p. 1 67 .197, 290, 389, 436, 475. 528, 570; V. 54, p. 526. 501. Pennsylvania Railroad owns <1,350,000 stock.
70{, 71 9, 7*2. 12S. 1079, 111); V. 50, p. 42, 84,165,502, «93, 700,
7 II, 7 I * , 841.)
Boxes.—The general mortgage o f 18711s fo r $20,000,000 (trustee.
Fidelity ln*nranee Trust & Safe Dap. Co. o f Philadelphia), and.seamen
tn la n
l* a e lf ir D e n v e r Ac IJ u lf , — r fk e M a p .} —T h in eenjpauy’ i equally all tho bond* in the table, though 1km
list at different dates. The
w W n-ttm d t* from Cheyenne, Wy.. to Orln Jnoctttm, 154 miles; Denver 6s flue in 1894 were plain bonds merely until secured by this indenture,
luienaeater Jauetl.®, Col,, 129 m ile*; Trinidad. Col., to Teams State in 18,99, <138,712; in 1990, <396,885. Birthing funds Deo, 31,1892.
a * . T e a t, 137 miles; La Raite, Co)., to Joleoburg, 151 miles; brooches held securities for $4,047,000 and cash uninvested <11,088.
I© miles o i which narrow gauge), 315 miles; total, 886 mUee. Trackale, Denver A Rio Ovande, Oulf Junction to TrtntitiW, 92 miles, and
, i,095,592;
E a r v is o s . - I n 1891 gross <18,095,592; net. Including income £
teUHsbw, 16 rollea. Controts Fort Worth A Denver C, y KR,, Tex line. Investments, $4,587,228, against <5,13-1,976 [n 1890. Net loss to le
Ter as, to f o n Wcrtb, 455 miles, and Fnnhandlf Railroad, 16 miles, in 1881. $302,864; in 1882, $508,759; it) 1883, $835,911; In 1884,
® » k i»e » grand total In system of 1.483 mile*.
<593,530; In 1885. <150,490; In 1888, <179,016; in 1887, $227,991
14 1
INVESTORS’
SUPPLEMENT.
Ouray'
Silver.ton
Rico o
f
M
E\X
I
C
MAP OF THE
o!
THE
U N IO N P A C IF IC D E N V E R & G U L F
UNION PACIFIC, DENVER
TO
FORT
A ND
Reduced Scale,
GULF RAILWAY CO.
A N D IT S C O N N E C T IO N S .
^
W ORTH
|
Roswell
|
■
j
ijClfyton __
Y?
■ A t e x lin e
“
[Seven Rivers |
KAILROAD STOCKS AND
M a y , 1893]
M
BONDS.
143
S u b s c r ib e r * w i l l c o i i f e r a g r e a t f a v e r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Bonds—Prinoi
IN TE RE ST OR DIVIDENDS.
Mile# Date S iz e , or
Amount Rate per When Where Payable, and by ’ S tock s —Last
Par
of
of
Outstanding Cent. Payable
Whom.
Road. Bonds Value.
Dividend.
RAILRO AD S.
on first page of tables.
97
31
VHta r hrn.<t 8-M'i Vat.—Stock,6p.c„?a. by D.
Vtieo Clinton <t Ihngh’ton—1st M.. guar.D. A H ...
f aUeu (S '. T .i—B to tA , 5 P. c. guar, b y D. L. & W.
1st mortgage if or $500,000)........... . -.
12
12
59
83
62
59
Bonds, not mortgage (guar. by Fitehburg R R j.e
T#rm*>«f Y aiteo o f 1871-—
Stock................ .
1st M.. With $500,000 Sul- Co. R R stock as c o t .o'
ffe k s . S h rete p . <t /vu-i.hs—Prior lien mort., gold..o' ;
1st mortgage, gold............................................ o'
3d SI. and 1st M. on land. $-2,500,000. gold.......e*
Inc. bda., non-eunMthere are also $127,000old 6a)
r « . SfetOd—St'c-i:($.1.524^33 ownedby R A W .P .T.)
Mort.. 1st scr., 1st M. Alex.toG«rdonsv.Abr.,97m.
2d series, 1st mort.. Chariot, to Lynch., GO m.i
3d —r e -. 2d lien on 00 miles; 3d on 97 m iles...
4th series, -i per cent till March 1, 1901.......... .
5th series, 1st on 115 miles...................... .......
« h series................................................ .........
Sen. m ort, let. guar, by R & 1)., $ 12,500,000 ■
General nsort., priu. and lut. guar. <endors«l)gol<i
Charlotov.A Rapid. U'sed) 1at St.,*, t.d t’ n at lOO.e'
f t r g in k t <f T r o t ■
*«~Stock....................................
Wabash UR .—S t. L , K . C. & No, 1st m o r t .iN o r tb M o.
St. 1,. K.O .A So. 2d M.. real estate and railway
8t. Charles Bridge 1st mortgage, gold............c
2d m ortgage..................................................
<
50
24
188
188
188
1889
$100
1,000
100
1881
1479 100 tke.
1881
1,000
1,000
1881
1883
....
1880
18S5
1881
1886
1887
97
157
157
157
272
75
347
347
28
1881
1831
1881
1881
1981
1836
1886
1870
354
373
1905
1874
1S7S
1878
100
1,000
50
1,000
1,000
1,000
1,000
Too
100 &e.
100
100
100
100
Ac.
Ac.
Ac.
Ac.
1,000
1,000
1,000
100 Ac.
1,000
1 ,00*1
1,000
100
$4,000,000
800,000
750.000
400,000
1,600,000
2,400,000
750,000
3,193,000
1 ,000,000
1 ,000,000
800,000
1,323,000
4,000,000
2,045,875
494,860
6,000,000
600,000
1,900.000
1 ,100,000
950,000
1,775,000
1,310,000
2,392,000
2,466.000
412.100
5.000.
6.000.000
3,000,000
1.000.000
333.500
6 per an.
5
5 per an.
5
7 g.
6 g.
6
6 per an.
5
6 per an.
5
6 gC g.
4-5 g.
4
6
M.
J,
■.
T
F.
J.
M.
A.
A.
SI.
J.
A.
M.
J.
J.
A
A
A
A
A
A
A
A
A
A
A
A
A
A
if. N. Y., Del. L. A W. RR,
J. X'. Y „ Security * T r . Co.
J. N. Y „ Del. Lack. A West.
A.
do
do
D, Bee.,’91, coup.last paid.
8. Mar.,'92, coup.last paid.
O. X. Y., Mere. Tr. A Balt.
O. Boat., 53 Devonshire St,
N. Boston. Fitchburg RR.
J.
Bellows Falla.
O. Boston, S. Dep. & Tr.Co.
N. N. Y., Central Trust Co.
J. X. Y., Farm. L. A Tr. Co.
J. X. Y., Central Trust Co.
—
M.
6
M.
M.
6
4-5
M.
5
M.
5
M.
5
M.
5 g. M.
6
J.
000 (!)
7
J.
M.
7
6 g. A.
7
A.
May 1, 1393
July 1, 1939
Jan., 1893
Aug. 1, 1911
June 15,1906
Sept. 1, 1921
O ot 1, 1921
Ayr. 8, 189S
May 1, 1903
Jan. 2, 1893
O at 1, 1910
Nov. 1, 1915
Jan. 1, 1920Jan. 1, 1910
Jan. 1, 1920
8. Balt., Sat. Meoh’os’ Bk. Moh. 1, 190©
*
A
A
A
A
A
A
A
A
S,
do
do
S,
do
do
S.
do
do
S.
do
do
8.
do
do
X. X. Y „ Central Trust Co.
N.
do
do
J. Fhlla. Tr. A Safe Dopos.
A
A
A
A
J. X. Y . , Bk.of Commerce. July l ! 1895
8.
do
do
Sept. 1, 1895
O.
do
do
Oct. 1, 1909
0.
do
do
Oot. 1, 1903
Meh,
Moh.
Moh.
Moh.
Moh.
May
July
1,
1,
1,
1,
1,
1,
1911
1916
1921
1928
1931
1936
1936
1913
*
la 1888. $160.501; In 1891. $-276.455; In 1892, $299,198. S et profit i oi which 51 mile.,, ntrastrarg junction to Hannonnurg, X leased to th e
In 1989, *133,712, in 1890, $396,885. Sinking funds, Dec. 31, I Baltimore A Ohio (la perpetuity at B.A O.** option for $99,250 yearly),
I and 0 miles to Ohesa. A O., leaving 348 miles operated.
1892, held securities fo r $4.047,000 and east uninvested $11,068.
D o t . — April. 1-0*6. leased to the Richmond A Danville on the
In
t t i ' a C h e n a n g o & S tis q m -iia n n a V a l l e y . —Own* from Utica,
S . Y „ to (Ir e n e , S'. Y ., 75 mile#; branch to Richfield Springs. 22 tntte#: j basis I,f a payment „ f the fixed charges and the payment by the lessee
total. 97 mite*. Road opened October, 1972. Leased to Delaware i of any balance o f net cartilage to the Virginia Midland Company. The
|lessee may If it choose* advance the money for ititerost on the six aeries
Lackawanna A Western at 8 per cent on stock. Ha* no bended debt.
fifties* C lin to n A- B i n g h a m t o n .—*'i a t s from Utica, X. Y., to .J prior bonds. If earning, are lnsmllcicnt. but gu ara n ty-p ositively
Banda!hill*-. S'. Y., 31 mile*. Leased daring eoutinoanee o f charter ] Uie ijtiw n il roortgttge Interest. The Richmond Terminal Co. own*
and renewals thereof to Delaware A Hudson Cana! Company, which A l.® 4 ,2 3 3 stock, (neatly pledged under trust deeds,
pay* rental of $01 ,500 per annum, Operated by the S ew 1 «r k Ontario j tn June, 1.692, the Ricinnond A DanvUlo and the BlehmondTerminal
A w eftttsm . Ybe *t«*tll.n e # owned by the. eempany w e leased to B fe a were pbiceil in receiver#* baud* {aeo thoae eompanlM), bat ioterast on
the V:., Midland bond# ha* boon paid on demand.
Belt I am
.
k, #840,283(par .K w P which city Of Ottas bold*
rSlOOb of
with
!!•>> !.#.—The fourth aeries bonds boar 4 p ero’ t till Mar. 1 ,1901, and 5
fettered guarantied 5 per cent, the balance paying 1 h j**-r cent.
j tlu-mafscr. Of the #13,500,000 general mortgage bomb*, $7,635,000
V a lle y ( S . V . ) H u ll r o a d .—Owns from Binghamton, S'. Y., to ! were held to retire the serial bonds, also enough for the Income#. 8ce
BtutelJneof Pennsylvania. 12mile*. th»ened October, 1871. fs-nee.! to j abstract o f mortgage, V. 47, p, 23. Part of the general m ortgage bond*
Delaware Lackawanna A Western at a per cent per aniwm on stock, te a r the endowed guarantee In gold * * to prim-ip.il and interest o f the
Richmond A Danville. (See form o f guaranty. V. 50, p. 0 50 ) The
the leasee assuming the interest on bonds
J unstamped bond* are currency bond# but m »y be stamped guaranteed
V a lle y (O h io ), —Owns from Cleveland, O., to Valley Junction. O..T5 J In gold on a payment o f 2** per coat.
mile*, and 13 mile* o f small branches, in J u n e , 1892, the company
being financially embarrassed, Heavy M. Botin ami J. K. Role were J HittKINiis —For the year coding Juno 30,1890, gross $2.274,3331
appointed nwelvar*. V, 54, p. 1011; V, 59. p. 23 Of the #2,400,0<k> i net, $719,219; surplus over charge-, $21,951. In 19'JO-91 gross. *3,consols, given above a* ontstan ling. *876,000 on March 1,1992. were ! :195,929; net. $906,548; snr. o ver charges, $103,029.~{V. 53, p, 843.1
pledged as collateral for loans. This mort. is a first lien on the Cleveland
W a b a s h H a llr o a d * —Operate# a* follow*, vD.:
terminal property. On July 1, 1891, the report to the Ohio state r k . OWStl) east o r M n eiw u m KIVER. OWKKO WEST OP SIISSISMITI ruVKH.
Comm Is«tuner* six.wed funded debt #3.2 n ,599; enmstlf M abilitte.
|13dOJ'ilil.
Capital, *1.261,973; par, I5i).
Control aesjuired In Toledo, 0., to Bast HaunUml,Mile*. 8t. Lonl# to near Kansas City.Miles.
275
18.90 by the Baltimore A Ohio. Earnings in 1891, *737,440; net. *216.
Clamp l ‘t.and KlviiRlOn, 1 1 536 : 91. L, Igivoe to Ferguson, Mo.
1.
li
005, against *262.436 in 1890. Receiver"* certificate for *40,000 are Dccatp r. HJ., to R, Bt. X.OIJIs . no Moberly to Ottumwa, M i*..., 131
lo b e issued tor b*-t torments. In — i temfiw, 1892, •• riain •.( the first J (ino. hear Chicago U> K.dh;gSalisbury to Glasgow, M o....
15
mortgage twndkolder* Bird with the court a protest against fore*
llira and A itiirm m t,H I..,.., 216 i.kaskp w est o r *iissrs»n-)*i k iv k k .
eioeurc, I8ee V.9S, p. 178; V. 34, p. 1011 - V. 55, p. 23, 178,432.)
,
etreator to Falrbwry — . . . . . .
80
33 Hronswick to Parionsb’ g.Mo.
V a lle y < V Ir g lu lw ).—Own* tr»m Harrisonburg to fs>vingtoo.Va.,62 Edwardsvllle ?o RdwardsCentralia to Columbia, M o., .
21
tstlUe
By this and rnp.ou.titig line* tinder Baltimore A ohm c-.itiirfjil,
vtlle CrOAsing, 111...... .........
8
the distance frvm f^fxin.gttin is 243 mile* to Baittmom and 217 mile# to Delrcy.nsar Defri.dt, to Ruiler no
Owned A leased W. of Miss. 533
Washington. The iiai-ffmo-v A Ohio owns $ !, 020.00*>sloes and Die Monti eiinr. t>., on line t « l>cCity of Baltlftor* * 1,000.000 stock, 8took outoUndlng, $2,731,939
trelt, to Clarke Junction,
Total eastaml west o f Miss, 1,789
(par, $100*. in year 1890.9] aro*» earning# were *159,470; net, * 12,.
near Chicago....... ...........
150 I
TKA 0K A 0K, BTC.
185. tn 1884*90 deficit tinder interest. $18,100,
—■ Chicago to Clarke Junction,.
—
26
Toted.
,102 |8 short lines to Quincy. De
V e r m o n t ft V la # * a e l*u »,-tt* .—Line of road, PUehbnrg to (,ri-*-n
troit, Ac., (0 miming o wn'd)
83
field, Mas*,, 5$ m ile*; brunch, 3 miles. The road is leased to the Fttoh70
burg HR- for 009 years at 6 per cent on stock. The lessee to September i a u u i rjurr o r Emm uttm k iv e r . Operat’d tor Purchasing Com.
E d R iver RR. (which *e«),
Mitysv.to Pittsfield (leased)...
6
80, i$92, badlavested $1,511,526 in improvements for this mad.
Bntler to Logansport, la d ..
94
V e r m o n t V a l l e y o f 1871,—Owns from fleilows Fails to BrattleUr. total oper’ d May, 1893.1,979
bore, Vt, 2 trcJi<-s; »a 4 by ownership o f stock the Sdilllvau Ceunty r r .
H is to r y , OHOAXWVnox, Ac.- The Wabash Ht. Loul# A Pacific, which
from Beliowt Fall* to Windsor, Vt., 26 tail*# - total, 50 mil™. Controlled
,
th the {store*! o f Urn Connecticut R iver Bft, The X. Y. X. II. A Hart, was a consolidation l a 1970 o f the Wabash Railway and the 9t Igmls
own* $249,foil Stock, The Sullivan County HR. stock of *300,000 i# Kansas City A Xortborn, was sold In foreclosure la 1839, thin company
■BW riled s i n M I t i m l security for the above mortgage bond* D ivi being organfrisl on July 12,1839. For outline of reorganltatlon plan
’
dend* slue**880 hare been: in 18.91,4>* per rent ; tn 1862, 4; from see I xs-k m u r .# SorriJSMKvr up to January, 1899.
The Boone Co. A Bonneville RR, Is loasiil till May, 1973. The Uruns1*63 l " J*J-> 1-693, 0 per rent yearly !i> year 1892 gro— earning*,
wfck A OfclUlootbe was lca-«sl to S t Louis Kansas City A Northern tor
*202,200. ga in st *188,632 In 1891; net, $61,881, against $72,677.
VI.-tebM ru S h r e v e p o r t A P a i l f l r . - /See S to p c u t c i n n a t i Sew 9941 years*. Its bond* bear 0 per cent Interest: till August. 1, 1900. then
8 per cent till maturity.
Entrance to Chicago Is secured over the
O rle a n s A f e w I 'a r ijf e ,} — From Delta, lav, tm Mimbwtapi River, to
West Indiana. o f whose
flhrevepoJ-B 170 m ite , -and exteRsdoH to Texas State Line, 18 m ite Chicago A completed In May, 1893,stock thin company own* #1,000,000,
A* to line
see below.
<tbe U tter r-aee.1 to Tevae A Pttaille); total, 188 mile*.
Cii-iTsT. Sto ck
#52,000,000,
which $21,000.O K O M n tn o * 460 8*00*,—BDCM HW to. Vtriwhnrg 8hr*»v. A P ««t- 000 I# preferred, .—T lie capital Stock iso f 7 per centofper annum nonM rr
having a preference
Br sold l i fim< Io*:ire Dor. 1, 1879. The stock Is #1.001.500 (par
oumulative, and $28,000,0001* com mon; par both. $100.
*100>,of tb irb the A U ’ -in ii Xew Orleans A T e x a s Pactllr J auction
P rice o r Sto c k .—Common In 1890. 8’ » » 1 5 ; In 1891, 8 % A16; In
Ralirna.! (bHipsifiy holil# a Uialollty,together with *3,002,090 o f the 1st
1802, 1 0 »I5 A g in 1893, to May 19 tneliulve. 8*4»124».
sm rtgageiod *965,500 $ 4 tnortgago honda.
Price of preferred—1» 1890, 13<*31>s: in 1891, 167 »3 1 > * 1892»
e
Bontis, if f; . —Third mortgage enrrim 4 per rt. till 1994, thereafter 5.
Met pro*>ed» o f land s a te go to payment of ts tn re t on these 2241033% in 1893, to .May 19, Inclusive, 16*4 »26Q .
Bogus.—Abstracts o f the mortgages o f 1839 were in V. 49, pp.
bond, if feeeesary, otherwise to sinking fond ; no bonds drawn (see V.
43, p. 10ft. U B a l unsold Jane 39.1892, were 221.8*6 sere*. Trustee* 270-273. The f i r s t m o rtg a g e coyer# lines both east Rnd west o f the
of prior l u mortgage and o f 3<t mortgage, Cent. Trust Co,; of 1st mort,, Mississippi, »nH enough bond* are retained to retire the prior liens on
Fann erf Loan A Trnat Co. Car trust* June 30, 1892, *(14,284, due ro *d< west; but the second m o rtg a g e covers only Ones east of the river,
1994. fnipons doe and unpaid to June 30,1992.1st mortgage, *850,. a# above, 1,012 mile*. Of the d e b e n tu re m o rtg a g e bonds $3,500,000
820 ; Symortgage, *233,452. X o v „ 1891, final payment o f *5,du0 was are series A (preferred in respect to Interest payments only) and *20,•
300,000 series B. iSeries “ A” received 6 per cent interest In 1800; in
made o i sottpon o f this mortgage due July 1, ig g * .
1893,
IsATN* EASXiN-OA—From July 1,1893, to Dee. 31,1392 (6 mos), gross. 1891, 6 ; e ino 1802, 6 ; In o R e t eJanuary, 3 per cent.ISO miles, completed
The D tr it -r C h ic a g
n t io n bonds cover
*314.4#i, agaln.t *376,397 tn 1801; net, *85,000, against $123,358.
In May, 1893, from Montpelier, Ind., to Clarke Junction, 26 miles
A M & t, RETORT.—Fiscal y «a r coda J «n « 30. Report- for 1891-02 from Chicago.
The company agrees to keep the earning* of this
was 11V. 55, p, 804, showing grow. *632,970; net, *1 53,883; income division separately, ami having paid therefrom the interest on
from Bad « » t e . etc , *4-1,741; interest paid. *;!00,r,57; miscftllaneous, these, bonds, to apply l.ho -orpin* earnings In any year up to
o ,m
bnljnce deficit, *199,933. In 1890-91 rr.es. *630,681: net, on amount e<jiml to 2 per cent o f the bonds outstanding, to a
157264. (V 51, p. 303; V. 53, p. 6 3 9 ; V 55, p. 513, 8 « i,1
sinking fund tor the issue, the bonds to be purchased or drawn by lot
VI,—I n la v t ld ln t id .— (See M a p o f R ic h m o n d 4 D a n m tle ),— L tve nr and paid at HO; but no more than #70,000 bonds are to be redeemed In
R o s l.—
-F'rnm AlerandrU to tlordonsville, 88 mlb-s; Warr*-Kton Branch, any mao year. Mortgage 1* for $3,500,000. Trustee, Central Trust
9 mb e ; <.barlottcsvtiu to Lynchburg, 60 mijea; Lynobbiirg to Dan Company. S c toll abstract IE V. 54, p. 1019.
’
viR.) 6d m iles, PiitsviUo Branch, 9 mifas; Manaaaa# Jttnetion to liarO b u o a t io x * < - L k ask.o L in e ? other than on the bonds In toe table
*>
.
risolharg. 11 1 m ite n.f which 51 m ite leased to Balttmow * Ohio), above are: Bel R iver Railroad Co.—Annual rental charge, $60,000 per
« M fi branches, 9 m it e ; total owned, 348 miles. Leasox: ChailottesviUc annum, April 1, 1.887, to Ap ril 1, 1892; $75,000 per onnum, April 1,
* DspMan Railroad, Orange Court House to CharlottOdVilia. 29 m it e ; 1892, to April 1. 1805; $90,000 per annum, April I , 1895, and tlioreFrsnkiin A Fittsylvanla Railroad (3 feet), Plt-tsvllle to Rooky Mountain, after. Also #300 per annum for organization expenses. Louisiana St
3 0 m lte ; total leased, 58 mile*. Total owned and loaned, 406 miles; Pike County Railroad—Annual rental charge, $800.
t
INVESTORS’
i4 «
SUPPLEMENT.
[V o l . L V I.
s u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
Bonds—Priii© iIN TE R E S T OR DIVID E ND S.
RAILRO AD S.
pal,Wh nDue.
Miles Date Size, or
Amount
Rate per When Where Payable, and by /Stocks—Last
Par
of
of
F or explanation of column heading**, Ac., see notes
Outstanding
Whom.
Cent. Payable
Dividend.
Road. Bonds Value.
on first page of tables.
Wabash—(Concluded)—
Wabash 1st M., gold, s. f., not dr. <$34,000,000).c
2d mortgage, gold...............................-........... o
Deb. mort.,inc., non-oum., series A, red. at par
Do. do. series B, red. at p a r .........................
Det. A Chic. Exteu. 1st M., gold, red. at 110.o’
L eased L ink Bonds—
8L Louis Council Bluffs A Omaha 1st mortgage.
Boone Co. & Booneville 1st mortgage, Int. guar.
Brunswick A Chlllicothe 1st inortgago, int. guar
Wabash Chester* Western—m m ortgage....
WaUkill Talley—1st mortgage........................
2d m ortgage................................................
Ware River—Bek Boston A A lb an y .
Warren (R . ,7.;—8took.7 p. c. perp., guar. D. L.A V
2d mortgage, now 1st..................................
le t consolidated m o rtgage.........................
West Jersey—Stock, $120,000 is G p. c. “ special” . .
1st M., oum.smk. fd.$12,500 yearly, not drawn.o
le t consolidated mortgage................................ o
1,544
1,012
1,638
1,638
150
1889
1889
1889
1889
1891
$1,000 $22,581,000
14,000,000
1,000
3,500,000
1,000
1,000 26,500,000
3,500,000
1,000
May
Feb.
July
July
July
1,
1,
1,
1,
1,
1939
1939
1939
1939
1941
J. N. Y., Bank of Com’erce
do
N. * do
A. Boston.Bank Redemp’ n
J.
J. N. Y. ,Of.,5VanderbiltA v
do
do
J.
July
May
A u «.
July
Aug.
Aug.
1,
1,
1,
1,
1,
1,
1908
1903
1903
1918
1917
1917
A
A
&
&
&
&
l.o o o
1878
1,000
1873
fce.
1878 100 <
1888
1877
. ...
1877
18
18
18
1,800,000 7 per an. A. & 0. N. Y., Del. L. & W. RR.
do
do
7
A. & 0.
750,000
M. A S.
do
do
600,000
7
2,605,562 7 per an. M. A S. Phlla.,Of.,233 8.4tliSt.
50
J. A J.
do
do
6
1,000,000
1866 500 Ao.
1,000,000
A. & O.
do
do
1869 500 Ao.
7
do
do
M. A N.
752,900
6
1879 500 Ao.
do
do
Various
200,000
1,000
4&5
do
do
200,000
7
J. & D.
1868 100 &0.
do
do
M. A N.
1,000
90,000
6
1882
50
970,950 See text. M. & S. Phils., Of., 233 8. 4tli St.
Pliila., Fidelity I. T. Co.
125,000
M. A S.
1,000
6
1880
80,000
j . & j . Phila., Penn. RR. Office.
6
1880 100 &c.
J. A J. N. Y., Gr’d Cent. Depot.
4
1885 1,000Ac 50,000,000
J. A D.
1,100,000
1,000
6
1883
Yearly. Baltimore, Co.’s Office.
100
5,500.000
1
1,000
3,000,000
6 g. j . & j . N.Y., J. H. Davis,ABalt.
1881
1,000
4.000,000
5 g. A. & O. ,V. Y „ Farm. I.. & Tr. Co.
1890
1,000
1,543,000
•neg. A. A O. N.Y. Guar. A Indem. Co.
1888
38
63
128
Salem RR. and Ocean City RR. bonds............. r*
Swedesboro Railroad bonds................................ • 11
11
Woodstown & Swedesboro 1st m ortgage.........o'
West Jersey * Atlantis—Stock.................................
33
IsfcM.Newfieldto Atlan. C., 33m .,dr’n at 100.g&t
Pleaeantvillo & Ocean City 1st m ortgage...... c&r
West Shoie—1st mortgage , guar, by N. Y. C. AHud. o&r 448
45
Syracuse Ontario A Now York 1st mortgage---West Virginia Central * Pittsburg—Stock..............
112
le t mortgage, ($25,000 per mile) gold...............c’
160
West Virginia * Pittsb —ls tM .,s.f. not dr’ n, gold, o’
WesPn ( A la .)—Con. M.,g.,gu.by C.Ga. andGa.RR.o* 138
50
100
G e n e r a l F inances .—Tho company in May, 1893, completed the line
from Montpelier, ImL, to Clarke Junction, near Chicago, on which it
had Issued $3,500,000 bonds. The annual rental for trackage between
these points was formerly over $90,000, without the right to local
traffic. The new road, taking local business into account will, it is
believed, earn more than its interest charge o f $175,000 per annum.
V. 54, p. 289, 10-18; V. 55, p. 50; V. 56, p. 754.
LATEST E arning s .—From July 1,1892, to Mar. 31, 1893 (9 months),
gross earnings were $10,905,248, against $11,257,984 in 1891-92; net
earnings, before deducting taxes, $2,733,852, against $2,918,942.
A n n u a l R e po rt .—Fiscal year ends June 30. Annual meeting at St.
Louis second Tuesday in September. Report for 1891-92 at length in
Ch r o n icle , V. 55, p. 460, 466, showing results as fo llo w s :
Year ending June 30—
1890.
1891.
1892.
1,922
1,922
1,922
Average m ile a ge ....................
Passengers (Married one mile. 149,183,000 140,904,203 170,201,067
Rate per passenger per mile
2*130 cts.
2*178 cts.
2*057 cts.
Freight (tons) oar’d one m ile.l,430.197,332 1,209,179,055 1,390,510,161
Rate per ton per m ile .........
0*647 cts.
0*733 cts.
0*705 cts.
Gross earnings..................... $13,352,872 $13,028,288 $14,389,331
Maintenance of w ay...........
$1,729,231
$1,703,289
$1,936,902
M otive pow er......................
2,651,758
2,611,587
2,826,392
Maintenance of cars............
1,175,185
901,121
1,287,647
Transportation and general.
4,117,047
4,349,225
4,781,586
Total oper. expenses___
N e t earnings........................
P er ot. oper. exp. to eara’gs.
From rent of tracks, A c......
$9,673,221
$3,679,651
72*44
272,434
$9,565,223
$3,463,065
73-40
372,740
$10,832,527
$3,556,804
72*58
388,618
Total netinoom e...........
T a x es ..................................
Track, bridge rent., A c .......
In t’st on bonds and rentals.
Div'nds on pref. debentures
$3,952,085
$396,491
442,590
2,652,820
210,000
$3,835,805
$417,700
504,976
2,666,838
210,000
$3,915,422
$464,549
505,272
2,674,125
210,000
$250,184
$36,291
$91,476
N et surplus.........................
—(V. 53» p.922, 969; Y. 54, p. 34, 289, 968, 1048,1049; V. 55, p. 23, 60,
■216, 333, 422, 440, 4 60, 466, 504, 1036 ; Y. 56, p. 754.)
W a b a s h C h e s te r A: W e s t e r n . —Chester, 111., to Mt. Vernon,
I1L, 65 miles (and branch, 1 mile), o f which 22 miles, Tamaroa to Mt.
Vernon, is the Tamaroa & Mt. Vernon RR.. purchased in 1892. Stock
Increased in 1893 from $250,000 to $1,250,000 ; par, $100.
W a c o Ac N o r t h w e s t e r n . —Bromond to Ross, Texas, 58 miles.
Sold Dec. 28 nnder decree of United States Circuit Court, to satisfy
claim o f trustee, to E. H. R. Green, representing his mother, Mrs. H etty
Green, for $1,375,000. A lfred Abeel was appointed receiver Dec. 11,
1892. (V. 55, p. 1111.)
W a r r e n , N . J . —Line of road, New Hampton Junction to Delaware
Bridge, N. J., 18*4 miles. The road is leased in perpetuity to Delaware
Lackawanna A Western at 7 per cent on stock and bonds.
W o s t J e r s e y .—Main lino and brandies—Camden to Cape May.
-Bridgeton, Riddleton, Sea Isle, Ocean City, Ac., 223 miles; West Jersey
Ac Atlantic RR., 40 miles; total, 263 miles operated, of which 185 owned.
B onds an d Sto c k .—Sinking fund for bonds of 1896 is invested in com
pany’s bonds and bonds of the Pennsylvania system, and $816,100 were
so held January 1, 1893. Stook authorized, $5,350,000. The special
guaranteed stook is exchangeable for common stock till Dec. 31, 1893.
Common stockholders of A p ril 11.1893, were allowod to subscribe at
par for $521,112 new stock, making total stock $2,605,562. Special
stock by conversion into common could also subscribe. See V. 56, p. 607.
D iv id e n d s since 1880—In 1881,4; from 1882 to 1884, inclusive, 3 and
.3 scrip; from 1885 to 1887, inclusive, 6 ; in 1888, 6 ^ ; from March,
1889, to March, 1893, 7 per cent yearly (S1 semi-annually.)
^
L atest E arning s .—For 3 months ending March 31 earnings w e re ;
3 months—
Ch'oss earns.
Net earns. ‘
Int., etc.
Balance.
1893................... $325,590
$27,149
$19,789
def. $22,640
1892................... 302,545
31,397
47,844
def. 16,447
A n n u a l R e po rt .—Fiscal year ends Doc. 31. Report for 1892 was in
C h r o n ic l e . V. 56. p. 577. Earnings, including leased linos, have been:
Year ending Dee. 31. 1889.
1890.
1891.
1892.
Gross earnings.........$1,526,169 $1,633,745 $1,658,090 $1,746,322
Total net income---455,072
5 i-,9 1 7
450,998
477,892
Interest, rentals, Ac.
248,933
231,237
233,552
226,715
Dividends................ (7)148,217 (7)1.8,217 (7)150,640 (7)153,132
Balance, surplus..
$57,922
$1*'3,463
$66,806
$98,045
- -IV.50, p. 3 50; V. 52, p. 533; V. 54, p. 276, 642: V. 56, p. 577,607.)
t e r s e r Sc A t l a n t i c , —Owns Newtield.N. J., to Atlanno City,
N. J., 33 miles; Pleasantville A Ocean City RR., 7 m iles; total, 40 miles,
Opened June 17,1880, and operatod by West Jersey RR. on a joint
traifio agreement and 25 per cent of gross receipts on West Jersey from
traffic o f this road to be applied to any defioit in interest and then as
sinking fund for bonds purchasable at 105, or drawn at 100, if over 105.
Last dividend was 2 per cent in September, 1890. In 1892 net earn
ings were $9,819; received under contract from C. & A., $3,174; in
terest, etc., $16,598; balance, deficit, $3,605. In 1891 net earnings
were $24,241. (V. 54, p. 276; V. 50, p. 205.)
6
7
6 to 8
5
7
7
J.
M.
F.
J.
J.
J.
42
22
38
1855
1870
1875
026,000
100,000
304,500
300,000
250,000
330,000
5 g. M. & N. N. Y., Central Trust Co.
do
do
5 g- F. A A.
6
j . & j . N. Y., Company’s Offloe.
J. & J.
6
5 g. j . & j . N. Y., Central Trust Co.
April. 1893
Get, 15, 1900
Mob. 1, 1906
Mar. 15, 1893
Jan., 1896
April, 1899
Nov. 1, 1909
1912 & 1925
Dec., 1898
May 1, 1912
Sept. 15,1890
Sept. 1, 1910
July 1, 1910
Jan. 1, 2361
1933
Moll. 1, 1893
July 1, 1911
Apr. 1, 1990
Oct. 1, 1918
W e s t S h o r e ,—(See Map New York Central < Hudson R iver.)—Line
£
of road from Weehawken, N. J., opposite New York City, to Buffalo,
N. Y., with branches to Albauy City and Rochester City, about 448 miles
in all. Also leased, and afterwards absorbed, the Syracuse Ontario A
N ew York, Syracuse to E arlville, 45 miles. Successor in 1885 to the
N ew York West Shore A Buffalo, sold in foreclosure.
L ease .—Leased in 1885 for 475 years to the N ew York Central A
Hudson and all earnings, Ao., included in that company’s report. The
$10,000,000 o f stock is owned by the N ew York Central Company.
B onds .—T he West Shore mortgage is made to the Union rrust Com
pany as trustee, and covers the line o f road, Weehawken to Buffalo,
with branches, 448 miles in all, and also the terminals at Weehawken
by ownership of all the stock and bonds o f the Terminal Company.
The guarantee of the New York Central & Hudson is absolute as to
interest and principal and is endorsed on each bond. See abstraot of
mortgage in V. 42, p. 176. In the consolidation with the Syraouse
Ontario A N. Y., that company’ s bonds “ were not assumed as part of
the West Shore mortgage.”
W e s t V i r g i n i a C e n t r a l Sc P i t t s b u r g .—A coal and railroad
company in West Virginia in the upper Potomac region—the Elk Garden
Coal Field. Owns road in operation from junction near Piedmont,
West Virginia, to Beverly, Randolph County, West Virginia, 90 miles,
and Elkins to Bealington on B. A O. Railroad, 18 miles; branches to
Mineville, Elk Garden, &c., 17 m iles; total owned, 125 miles. Operates
Piedmont A Cumberland RR. 30 miles; total operated, 155 miles.
H is t o r y .—Main line completed in 1889. Company owns 32,244
acres of coal and lumber lands oovered by the first mortgage and has
mineral rights on 5,407 acres more. Extensions southerly to iron beds
and easterly to Baltimore are projected. In 1892 the Baltimore &
Cumberland RR. was organized to build from Cumberland to Hageretowu, M d , 70 m ile9. I t is reported that construction w ill begin in
1893. A n important traffic contract was made with the Baltimore &
Ohio in 1891 by which, upon the completion o f connecting links, this
road will have an outlet to the lakes and all points West. V. 52, p. 204,796.
St o c k .—Stock authorized, $6,000,000, o f whioh $500,000 was still
in the treasury September 1, 1892. V. 52, p. 204.
D iv id e n d s .—From 1889 to 1893, both inclusive, 1 p. c. yearly in Mch.
B onds .—First mortgage is for $3,600,000 to W. P. Whyte and the
Metropolitan Trust Co., as trustees. In January, 1891. the stockhold
ers authorized the issue of the balance of the first mortgage bonds [as
also the stook] for extensions, etc. See V. 52, p. 204.
L atest E ar n in g s .—From July 1,1892, to Apr. 30/93 (10 mos.j, gross,
$900,531, against $911,323 in 1891-92; net, $298,013, against $316,194
A n n u a l R e po r t .—Fiscal year changed to end June 30. For halfyear ending June 30, 1892, gross, $262,753; total net, $103,722; in
terest, $83,816; taxes, $16,175; balance, surplus, $63,730.
In 1891 gross earnings of railroad were $591,084; net, $210,196 ;
profit from operating P. & C. RR., $1,823 * profit on coal sales, $95,139;
,
total not earnings, $-310,159; bond interest. $154,050: taxes, $22,017;
balance, surplus, $131,095. H. G. Davis, Baltimore, President. (V. 54,
p. 48 5; V. 55, p. 723.)
W e s t V i r g i n i a Sc P i t t s b u r g .—(See Map Baltimore * Ohio.)—
R o ad .—Opened in 1892 from Clarksburg, West Va., on the B. A O.. via
Weston, southerly to Camden-on-Gauley, West Va., 104 miles, (of whioh
l 1 miles owned by B. A O.), with branch, 6 miles; also from Weston
^
via Buckhannon to Pickens, 50 miles; total, 160 miles, of which 109
miles have been in operation since July, 1891. See V. 55, p, 898.
L ease .—Leased to the Baltimore & Ohio for 999 years, from Jan. 1,
1890. The rental is 62^ per cent of the gross revenue. The remaining
37*2 is to be applied by B. A O. to payment of interest on bonds, the
B. A O. agreeing to advance any sums needed t-o pay this interest in
full, such advances to be a charge against future net earnings. For
first tw o years of the operation of the road, i f 62*2 per cent of the
revenue, and for n ext three years if 6 7 ^ per cent o f the same, does not
suffice to pay operating expenses, the West Va. & P. make up the de
ficiency. te e V. 51, p. 718. In 1905 and at end of every ten years
thereafter rental may bo altered by arbitration.
B onds .—T he first mortgage for $4,000,000 (trustee, Mercantile Trust
Company o f Baltimore) covers besides the road and its equipment
134,842 acres o f timber, coal and mineral iands in West Virginia. There
is a .sinking fund, but the bonds cannot be called. (See application in
full for listing the bonds in V. 54, p. 725.) St o c k , common, t52,500,000;
preferred, $900,000; par, $100. P referred is 5 p. ct., non-oumillative.
E arning s .—From January 1 to Mar. 31 (3 months), 1893, gross
$81,974, against $64,557 in 1892; net, .$34,517, against $33,187;
mileage, 160, against 110. In year ending June 30,1892, gross earn
ings were $287,762; net, $158,117; taxes, $4,205. See V. 56, p. 82.
President, J. N. Camden. (V. 54, p. 721, 725; V. 55, p. 898;V. 56, p. 82.)
W e s t e r n A la b a m a . —L in e of R oad —Selma to West Point, 138
miles. Sold May 10,1875, in foreclosure and purchased jointly b? the
Georgia Railroad and Central Railroad of Georgia. From Jan. 1 to
Mar. 31,1893 (3 mos.), gross, $131,352, against $121,050; net, $18 546,
against $26,286. For year ending June 30, 1892, gross earnings vere
$536,402; net, $162,055; interest' $86,794; taxes, $20,644; balaaoe,
surplus, $54,618. Iu 1890-91 gross, $572,220; net, $177,769. 8t*ok,
$3,000,000 (par, $100), of which Central of Georgia and Georgia Ratt1road each owns $1,500,000.
M a s , 1893,]
RAILROAD
STOCKS
AND
RONDS,
14 r
S u b s c rib e r s iv iJ i c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d i a t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s ,
RAILRO AD S.
B o n d s —Prinoi IN TE R E S T OK DIVIDENDS.
Miles ! Date Size, or !
pal, When Due.
Amount I
of
For explanation of column headings, <£e., see notes
of
Par
Kate per When Where Payable, and Ov Stacks —Last
Road.; Bonds Value. Outstanding Cent. Payable
on drat page o f tables.
Whom.
Dividend.
Western M a ry la n d — 1st & 'i'd w e i M's (1st M. end'd)
3d mortgage, endorsed by City of Baltimore.......
4th men., in return for City of Baltimore stock..
5th mortgage, held by City of Baltimore, siuk'g f d
City loan../.........................................................
Bait. A Harris!). Bf!.; prior niorts. see remarks....
Mortgage (for fdSO.OOO). gold....................... o ' t
1s t m ; it est.Ext. ($16,000 p. in.),gold,guar.. ,e'
Balt. * Cumb. VaL, 1st mortgages (see remarks)
W estern X - T . i£ P e n n s y tta n la —Stock ($30,000,000)
Warren & Franklin 1st mortgage........................i
West. N. T. & Penn. 1st M., i$10,000,000), gold.O'
2d mortgage (1st on equipment, etc.), gold. ..e*
2d mortgage, deb.. Inc , non-emu., red. tit option
Income ec’ p. convert, into debent„red. at option
Son-convert. Income s crip ..............................
W est N o. C a r.— 1st eon. M., g., •*! .278,000 guar.) . o '!
2d eonsoUdate,! mortgage ($15,000 per m ile)____ !
Western P e n n . -1st m o rt, Freeport to Allegheny. .!
Consol M .($.0,000,000),gold,gaar.p.& i.Pa.R R .c'
JFAce’ ing * L a k e Brie—Oammon stock,.................. !
Preferred stock, 6 per cent, not cumulative.........
I n mortgage. Lake Erie Division, gold............c*
1st M. Wheeling DSv..
(2d on 16? mUea> ...o';
SohsdoBelt Kailway 1st. mortgage, gold, guar.,,.
Exten. • s d iu p r .
gold, $ i i . c
Consol, mortgage fur $S,000,dflt), gold
W k i i i a V o lte # — 1st M. *ubj. to call at 105.g.. .c.'kr
W U lm a r S M a t a Fall*.—t e e o h e x t X o k t h k r n .
W h m. ( M u m . <t A ujr.—Stock, 0 j>. e.. guar. \VU. A W ei
1st mortgage...................................................... o
90
90
90
90
III.'
32
15
34
670
50
630
630
....
. ...
309
309
28
116
187
50
5
259
51
116
|*58-'68 500 <
fce.
! 1870 500 &o.
I 1872
I 188?
222.000 i
J. < J.
fe
6
875.000
6
J. & J. Balt., N, Mechanics' Bk.
1,000,000
J. & J.
6
do
do
1.700.000
3% J. & J.
do
do
684.000
4
do
do
J. & J.
;'72-’ 79
IIII
& 6 Various Baltimore, Co.’s Office,
162.000
1 1886 i 1.000
528.000
do
do
N.
t g' M. & S.
i 1888 ! 1,000
M. &
240.000
do
do
l'79-’81
. ... i
351,300 |
l 8' J. &, J.
do
do
! . ... i
100 : 19,730,441 | .
1865 500 &c.
773.000 ;
F. & A, Phila., Office, 242 8.3d,
~7
I 1837 i 1,000 , 8.977.000
5 g. J. it J. N. Y., Continental Tr.
; 1887 ; 1,000 | 19,489,000 Sec text. A. & O. A p r.’93, coup, not paid.
Var. ; . .. .
1.869.000
A. A 0.
None paid.
5
I Var. : . .. . ( 2,125,469 .
5
A. Ss O.
None paid.
390,907 ! .
1S84 ! 1,000 | 3.856.000 ;
J. * J. S. Y ., Central Trust Co.
1884 ; i,ooo i 4.110.000
i * A. & O.
1803 100 &eJ
•135.000 :
6
J. & J. Philadelphia, Penn. RH,
1.000
1888
3.790.000
do
do
4 8- J. & D.
i
100 i 6,000,000! .
lo o
4.500.000 (See text. Q .-F . N. Y., Office, 40 Wall St,
■ 1836 i i,ooo | 3,000,000 !
f g- A. A O. S. Y ., Mercantile Tr. Co.
1888 j 1,000 ! 1.500.000
5 g. .7, & J. N.Y., Cent.Tr.Co.A Lon.
1888 ; 1,000 j
381.000
8.
Central Trust Co.
t f M. & A. N. Y.,do
1889 1 1,000 I 1 .5 1 9 .0 0 0 !
5 g. F. &
do
1892
1.000 ! 1.100.000 i
J. * J.
do
do
i S' J. * J.
1.000 i
1890
769.000
5 g.
N.Y. Mercantile Trust.
j
I
I
100 1
960,000 6 per an. J. & J.
_______________
Wilmington, N. O,
1.000
1880
1,600,000
6
jj, & I).;S e w Y ork & Baltimore.
W e s te r n M a r y la n d . —L in e o r Bo-ah—
Baltimore to Williamsport,
Md., OOmllee. Iv,,.-.----Baltimore At Cumberland Valley Railroad and
extension, Kdg-mont to Shlpiraalnsrg, P a „ 34 m ile*; Baltimore A H »rr C 'irg Railroad, Emory Grove, Md., to Ortanna, Pa., 59 miles, and
Branche*, 7 s *fl**i western extension. 15 mite*; Potoma* Valley KK.,
Williamsport to Cherry Run on the B. A O.. 15 mile* ; total, 221 miles.
flTO
Cifc.
k I# #6#4,700; par, # 5 0; *lx per neat first p tt
tfU T V »% (, $821,00'
ST d
The ooujpA&y Ita* been largely a#ei.»u*d by fis
e ltj o f B
Jan. 1, 1603, owned $200,000 o f It* comma
tfoek, #4*2633300 of i u n
m m * wwl $2,024,850 overdue m a p e m
W lAU M too County, M»l , m m in Oetober. 1802, owned $110,000 oon
m en and nil the $324, C 0 p m i v t r m l »U w k . O f the thSrtec n dJreoior
H
IM filly h m *'>jx>hitoa e gUt and tile county two. V. 55. p , §45.
A
~"~'m .........m H m
*. X8&3> w l ' i M the filly o f Bfclttraor* to defc
thgv ,
it# IttUsn&at In H im rem
l «
56, p , $41.
e ©f $690/100 Baltijoaom
hand.*,
are bcid i t m » i to pay off prior mm H fp w m , m fo llo w ® :
©If
a
B m j k o w J u m it e m U k it. f t i I * o a # Janaanr 1, 1895, #42,000; BalK
IBBlRre A U aiiover Hi
•ry 1 , 189w, $120,000.
Ob July 1, .1892, \b
m immi p u f u im i t of a portion » f the
m m m iatei t i da
City o f Ba
ta
The floating debt Oct. 1. C$92, waa 1 fedtowa: Fitat martgi»ge, over*
due, $43.500; MU* payabi
ng long 03
n e m i and
.
rad Bbtce, $ 3 1 8 ,^ 8 ; fun*iln g'eertificarem held h r city of B altimore,
$226,530; other accounts. $10*481; |
1 ^555,6 m (_
,
LiNfcAv—Th** Ba lutnore St Ifn iTl»burg, vsinch w m leated la
November,
for 99 ye
:tlteai f owoed.
The Baltimore A C h ab -i■land RaUn
a«4 Railwi»y are lent»e*l for Intarest on $121,300 bonds, due July i , 1929, Mid tin&.Haititootre A Cumberiand Rail read «x tea* b»n la leased
1, 1931,a,t $32,700
p e t annum, eainfil to 6 per cent Inter*
n $236,000 lernd*, due July 1.
1931, and. 7 u t m r t o a f i 70,000 sloe
‘Mitt,Md by the Western Maryland
Potomac vailry Hit. bon
and the BaJUm#r** A If arr bduifg. ' 6 m •Dot m m m TalksynndV. 52, p. 121,
L atest E ratfsn a—Ort. 1
0 M nr, 31* 1m ‘3 (6 mon 1
hft). grrttm.
^38*913, m m $tat $423,785 lit 1801-9^ »
j® agiiineit #8 ,5 81 .
JkWKPx.it K rioR T .-F loca4 year ends
>teml>er30, Eeport for 1891*
02 in V. 55, p 892, tbiwre4
mu
$1,083 ,
.321; net earnings,
$392^93; f e r m e n t s , 16.236; bttl
?. In vear IWMMIl
guise, #904,3*8; net, Ac..
be•ftermdata., $84,770; balance,
$251,439; 1ml 889*90, gr<
<v* 33, p. 845 j V . . 4, p. 78,
4NI%®
5
*»A'I jtHA . IT K ... K4*.
®
■ 8414
W e s te rn 8 e w V # r k A. !P e**.ti*yJ vaola,—Own# Buffalo to B ib
goriimi, Pa.. 121 talb*M; Buffalo to Oil City, Pa., 138 mllea; OO City to
118
Q tm & t 1 1 6 p ile m t it a ^ R s , iadttdiBK proprietary Uaea, 268- mile#;
total ownedyb i i
operated, 847 milm ,
OtfiAXlZAtlO 5.- -Re
. p e r piais V. 42, ]>. 242,
1%, IrtrtT.
On Anti! L W 3 f fi»# I7 e d 4 e »t, Samttei I>e Cotxraoy* was made receiver
m m om sf M mom meen t with second mortgage bondholder!
w U B g mj f m M w ith m
r and
% § 6, p , m *
Sto c k .—<a addition to *i Pk ontstaadlng there 1 $10*269.556 in the
#
mmpmti'y*# tre^ n r?, $10,0 >,000 o f which can be disposed o f only by
muaffioa* Ion sent o f stock edders p e e m m t at m meeting duly adrertued,
BOKOt, —
the second mm
is a second lien on the railroad and first
-‘ on lermiftM real and ts fipmetitj. subject to lease o f termlnala asd
first mortgni boudhoider* If foreclosed.” Till January,
1898, it bdrs 3 p er cent in w m t for till Hceemlier 1 ,1892, 5 per cent In
’the n
S* 4 per cent ©ash and, if earned
iay be
but
e accH i
B
whkjbu* siiare a i«p , 1 j» ©speci1
•ally pempeA, . jaevre
lint nc
s under foredoittr® proceedings
fthall tai^plac e undeir the m mm i l mortgage until Jam 1, 1897, unless
m
proeeeaii^s b
6P tilkimi to i
o foreclose the first mortgage. Trustee
of
mm
Id ellty Trust A Safe JDeposit Company, o f Pkiladeipliia, j tSee
m abstraela, Ch r o m c l k , v , 47, p. 109.)
u p o n * due from 4888 to October, 1892, both in*
©rip. The right to pay said coupons in scrip h*vtug fc
enafunted
1892, ib > -d lrm 'U ir* decided that the cash portion
of the dm p e n du«
111.1893;, shoukl not be paid, the company hav
la g iB j: .eaa« o f ;
Om
ing ^necessary improvements except from earn.toga. adi tbesu ru
fficiag for both improvements and 2d mortgage
*4
dil
■m m k that the 2d mortgage Interest be made
deneM D t upon e
O f8 8ee full, statement, V. 56, p , 375,414.
*.
N e *r|qujpuicnt ■
s Ma r. 31,1893, #847,324; bond and mortgage on
real wotfi* $272,
; second .mortgage in ter©#L payable in scrip,
$857 ,0 9 . Kin/rUii
le y freight warrants, $92,500.
h i 1t«T M s j m m
July 3, 1892, to- Mar. 31,1893 0 months), gross
$2 T
$2,750,287f net, $908,863, against $881,125.
PciT 1
ftnonmsendi
ling Mar. 3 1 ,1893^net earning# were $909,091,against
$900
rentals and tax©#*, $692,995, against $492,019;
16,690, against $408*949.
A m i;*!. Hr
-Fiscal year ends June 30. Report for 1801*92
grrt.i a t tt>nth in V. §§, p, 785, 804, 807, showed necessity
ot firtlw r iar
nditwres from net earnings fo r improvements; the
to t t r
m tn ha# been devoted to Improvements.
1890 &. 1895Jan., 1900
Jan. 1, 1902;
Jan. 1, 192T
July 1, 19251895 & 1899
Nov. 1, 1936
M ay 1, 1938
Jnly,1929&'31
Feb. 1, 1896
Jan. 1, 1937
Oot. 1, 1927
A fte r 20 years,.
A fter 20 years1907
July 1. 1914Oct., 1914
Jan. 1, 1896
June 1, 1928May 15, 189S
Oot. 1, 1926
July 1, 1928
Part each y e a r
Feb. l , 1030
July 1, 1992
July 1, 1940
Jan. 10, 1893:
June 10,1910
Y e a r e n d in g J u n e 30,
1890.
G r o m o a m in j^ .............. ,. $3,tui,055
Oi>emting expense#.. . . . . . . . 2,642,590
1891.
$3,562,669
2,485,782
1892.
$3,580,156.
2.398,360
Ketearning^... . . . . . . . . .
Total Bet income
........
Intcureet, rentals and taxes.
$3,076,887
1,080.961
632,773
$ I7l81,796
1,181,796
652,740-
$998,465
999,626
666,720
Sarpiits.. . . . . . . . . . . .
$332,906
. $448,188
$529,056
V. 53, p . 221,4 3 7,67 2 .7 54 ; V. 54, p. 120, 289 800; V. 55,’ pi 298.
7 85 , 8 01. 806, 807 ; V'. 56, p . 165, 217, 375, 434, 580, 793.)
*
W «***ler»i B tortli e n r o llit a .« —(Me> Jfap of JU m d < D
ch on £ anville./
■
“ 43 W
bttry, S,C,t to P a lu t .Hock, Tenueosee S tate line.
185
An ho villa to M u rp h y , N . € ., 124 m lie a ; to ta l, 309 milea.
L i: a m i i »-— i » M a y , 1886, to the R S iim o a d Ik B a n v iU e fo r $ 134, 9$0 ~>i n te r\ * » t o i lioiidM n o t held b y T c rfn ln a l Co. S t o c k — $ 4 ,000,000 com m on and
! $ 4,00<>,<l00 p ref, (p a r $ 100). _ T h e T e tm lo a l C o m p a n y h m depoeiteff
I $ i , t w ,000 eornm on a a d $ 3 , 180,000 p re fe rre d stock im d o r its o o lia tI erml tru a t of 1889.
I
The l - t m n m lM b& vn become a first Ilea. The Richmond:
j & Ham*. RR. guarantee by endorsement $1,273,000 o f the 1st console.
The Hiebmoau A LaiiYtlle wa* pUieefl in rceeiver's hands in June, 1892,.
j but the interest on this company’s first- consols has been paid as usual.
f E arsinom .—In year ending June 30, 189*2, gross $992,219; net,..
$363,114: latere-t on bonds. $231,360; other interest, $53,469;
^21,192; other payments. $55,150; balance, deficit, $1,943.
j In 1 890-91 gross, $1,013,043. June 30,1892, due other cos., $1,705,879
W ester*# P e u n s y lv a n la . —Owns from Bolivar to Butler, 7X
j rnilc*«, and
Allegheny City, 27
branch, I T
t miles; total,Butler Junction to to Pennsylvania RR. miles; years from
117 miles. I^easad
for 50
1June 1,1883, rental being the net earning*. In 1892 rental $607,312 i Interest, $192,840; dividends. $142,000. Penn. KK. owns $1,753,350
oi th e $1,775,000 stock, Sixes for $747,000, due April, 1893, were re
1 placed by consol. 4s, Dividends, A, A 0,, 3 to 4 j>er cent each.
W h e e l i n g A: t a k « K r le . —Own# Toledo, 0,, to Bowers ton, 0..
174 miles, and branch to Huron, 0., 12 miles; Wheeling Division!
Bower*
Martin**
j Bowers ton to Miirtiii*s Ferry, opposite Wheeling. 42 m iles; Steuben villa
tTheeling,
mlJ
branch, 14 m iles; Toledo Belt. 5 iiilb?s; coal, etc., branches, 13 miles,.
bni
" <
I Total, 260 miles. Owns large interest In Wheel, L E. ,fe Pitta. Coal 0o,
H isto ry and ht< *ic.—Sold in foreclosure April-2 3 ,1886. Preferresl
k
| stock Is entitled to 6 per cent non-otminlatlvw% then common to 6 p e r
} eont, then both share pro rata. In 1891 the preferred stock was In
creased from $3,600,000 to $4,590,000. Common stock is to be tri
ed from $6,000,000 to $10,000,000,
BivroKKos.—On prof, stock—From April, 1889, to February, 1991,both
inclusive, at the rate o f 4 p. c. per annum; in 1891, 4 ‘h ; In 1992, Feb.,
1 H ; May, 11
*; Aug., 3 > ; Nov., I ; in 1893, Feb., 1 p. 0.; May, 1 p. e.
,&
Boxes,—The extension and improvement mortgage for $l,900,000(of
which $394,000 in reserved to retire the Toledo Belt lw>nds) covers,
subject to prior liens, all the property o f the company, and Is a first lien
upon the extension to Bettalre and upon the Stcubemiile branch.
! In July, 1892, wtonkbolder# voto<l to isstie a consolidated mortgage to
I secure $8,000,000 o f 4 p erpefit bonds, of which $6,400,000 to be held
j to retire prior bonds at or before maturity; $600,000 were issued
|at once to fund floating debt created Against deferred freight earnings,
; and $500,000 ln_ May, 1893, for extensions, c<tnipment#etc.; the re*i maiming $500,000 w ill tie held In trust to lie issued on ly for property
j esseatlal to eondnot o f the 0o2# buslxtotis. B ee Y . 54, p, 965.
| L a t i ist E a u nt s m >
—From J uly 1 to Doe. 31, .3892 (6 mos.), gross, $1
i 439,003, against $1,295,783 In 1891.; net, $470,064, against $455,113.
A xnijal E u ro et , Fiscal year ends June 30. Report for 1891-92 was
in OuKoxfeut, V. 5. png© 721.
> Y e a r e n d *n g J u tie 3ll
1890.
1891.
1892.
f O w m earning#....... .
1.017,419 $1,225,305 $ i ,430,128
398.088
452,535
513,005
Interest paid....
187,500
290,541
301,133
Dividends on p r
144,000
167,000
225,000
MkcoRaneous..
761
19,782
$06,588 def. $5,768 B T,
U
Y. 55, p. 60, 551, 639, '721 , 724.)
W i e b t t a V a lle y , —Owns from Wichita Falls to Seymour, Texas,
51 miles: oompl ui<i in September, 1890. Stock authorized, $6,000,000)
( m mlanding, $1,020,000; par $100. Mortgage is for $6,000,000 at
U
$20*000 p. in.; trustee, Mercantile Trust Co. In year 1891-92, gross,
$94,299; net, $60,534, agst. $33,807 in 1890-91. Morgan Jones, Pres.
W i l k e s b a r re Sc E « n t e r t « U ruler construction from Wilkesbarre*
Penn., to Stroudsburg. Penn., on N, Y. Susquehanna < M estern, 65miles,
fe ?
W i l m i n g t o n C o lu m b ia Sc A n g t is t n .—Owns from Wilmington^
N. C-. to Columbia, 8. C.T102 inBcs. Leases jointly with Northeastern
Booth Carolina Railroad, the Central Railroad of South Carolina,, Lane,
a 0., to Sumter, S,
38 miles. Total operated, 230 miles.
Sola in foreelosnre Oct., 1879, aud reorgaiiizecl In. June, 1885, leased
for 99 years to the Wiirn. A Wekkm, the lessee to pay all fixed charges
and 6 per cent dividend on the stock. In year 1891-92 gross earnings
$446,287; net income, $295,024; balance to W. A W., $46,425, against.
$193,678 in 1 8 9 09 1 .-(V . 53. p. 835; V. 55, p. 977.)
148
INVESTORS’ SUPPLEMENT.
[V ol. LVI.
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
Bonds—Prlnola
IN TE R E S T OR DIVIDENDS.
RAILRO AD S.
Miles Date Size, or
pal, When Due*
Amount
Par
of
When
of
For explanation of column headings, Ac., see notes
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Cent.
Whom.
Road. Bonds Value.
on first page of tables.
Dividend.
General mortgage for $ 1,000,000, gold ...........................
r
88
88
1887
1892
CertifCof indebt.for div’d in ’87,non-cum., income.
Sinking fund, gold, interest bonds........................
Gen’l mort. for $4,000,000 ($12,000 per m ile)..c*
457
457
1885
....
Winona rf South W — 1st M „ $18,500 p. m „ g o ld .c* 117
10
Wisconsin Gent. Go.— Chippewa Falls A West. IstM .
54
Wisconsin & Minnesota 1st m ortgage..................
....
Minn. St. Croix & Wisconsin, 1st mortgage.........
Terminal mortgage notes...................................................................
Improvement mortgage notes ....................................................
Wis. Cent. R. R.—Consol. M .,lstseries,gold — c.fcr 416
Consol. M., 2d series, income (not cum.) gold. c*<fcr 410
Wisconsin Central Co. 1st M. ,$12,000,000, gold.c* All.
c* All.
Income M., non-cum., $9,000,000, gold ..................
Wis. Cent. Co.A- RR. Imp. bonds, gold, convertc*
L eased L ine Bonds—
Chicago Wis. & Minn, (leased)—1st mort., gold.c" 122
Income bonds, 6 per cent, cumulative. ...................
Milw. & I,ake Winnebago— See that company.
10
Woonsocket < Pascoag—S’k, 5 p.o. rent. N. Y & N. E.
£
10
1st mort., interest guar, by City o f Woonsocket.e
94
Worcester Nashua t£ Rochester- Stock ($3,000,000)..
f Worcester & Nashua RR. bonds. . .c*
47
47
S o t - ® — 1Wor. Nashua & Roch. RR. bonds. . .c*
47
do
do
do ............
47
5,
do
do
do ...c*
94
% o ® ® [ Nash. & Roch. 1st mort. bonds............
c*
80
Saties. <f Ohio River—1st M., $25,000 p. m., gold. .0*
$500
1,000
100
100
1,000
1,000
1,000
1888
1,000
1874
....
1880
....
1884
1885
....
_ _
_ _
1886
1879 500 Ac.
1879 500 Ac.
1,000
1887
1,000
1887
1,000
1891
1885
1885
1,000
2,860,000
1,040,000
100
1,000
100
1875 1,000Ac
1,000
1886
1893
1890
1874 500 Ac.
1886 100 Ac,
1890
W i l m i n g t o n Sc N o r t h e r n . —Owns from Wilmington, Del., to
Highs Junction, Pa., 71 m iles; branches, 17 m iles; total owned, 88
miles; trackage to Reading, Pa., etc., 4 miles. Organized January 18,
1877, after foreclosure sale. B onds .—U nder the general mortgage for
$1,000,000 sufficient bonds are reserved to retire present indebtedness
-at maturity. Sto ck authorized, $1,500,000; outstanding, $1,278,050;
par $50. Gross earnings in 1892, $182,607; net, $81,377; interest less
interest ($3,024) received, $27,150; surplus, $54,227. In 1891 gross,
$444,628 ; net, $65,334, (V. 54,p. 8 8 6 ; V. 55, p. 257.)
W i l m i n g t o n Sc W e l d o n . —R o a d — Owns Wilmington to Weldon,
N. C., 162 miles, and from 8outh Carolina State line to Cont -ntuea,
N. C., 116 m iles; branches, Scotland Neck (H alifax to Kingston), 85
■miles; Tarboro, Nashville, Clinton, etc., 94; total owned, 457 miles.
Operates Albemarle A Raleigh RR., Tarboro to Plymouth, 56 miles;
c
Florence RR., 24 miles; Manchester & Augusta. 19 miles. Leases
Wilmington Columbia A Augusta, 189 miles; Central South Carolina
(jointly with Northeastern South Carolina R R.), 38 miles; Hartsville
RR., 1 0 miles. Operated in same interest: Wilmington Chadbourn &
Conway, 50 miles; Cheraw & Darlington, 40 miles; Cheraw & Salis
bury, 25 miles; Petersburg, 59 miles; Richmond & Petersburg, 27
miles; Norfolk & Carolina RR., 110 miles; total, 1,151 miles.
Or g a n iz a t io n .—Organized in 1855. This is the Atlantic Coast Line.
D iv id e n d s .—From 1884 to July, 1891, both inclusive, at rate o f 8
per cent per annum., payable Jan. 1 and J u l y l ; in November, 1891
(on $2,500,000 stook) 4 per cent was paid, thus anticipating the Janu
ary, 1892, dividend; in July, 1892, 4 per cent.
A nnual R eport.—Fiscal year ends June 30. R eport for 1891-92
was in V. 55, p. 977, showing for road p roper:
Year end’g June 30.
1889.
1890.
1891.
1892.
Gross earnings......... $1,224,044 $1,350,853 $1,535,714 $1,452,012
Expenses..................
691,172
681,137
855,679
802,884
5
J A D. Reg.; Co. mails checks.
$354,000
do
do
390,000
Q .-F .
s g3,000.000 See text.
W ilm., N.C., Co.’s Office.
do
do
2,500,000
7
A. & 0.
936,000
7 g. J. & J. N.Y.,Balt. and Wilming,
3,000,000
J. A J.
do
do
5
450,000
Wilmington, N. C.
380,000
M. A N .
6
2,118,250
6 g. A. & O. N. Y., J. Walker A Sons.
M. & N. Boston, 50 State St.
150,000
7
810,000
A. A O.
do
7
M. A N.
do
180,000
6
F. A A.
do
400,000
8
215,000
M. A S.
do
8
1,522,000
5 g. J. A J. N.Y., 36 Wall, A Boston.
J. A J.
12,000
7 g.
11,265,000
5 g. J. A J. N.Y.,36 W all St.& Lond.
No coupons paid.
7,527.166
5 g. A. A O.
2,687,877
5 g. M. A N. N.Y., 36 WaH A Boston.
6
to 6
200,000 5 per an.
100,000
5
3,099,800 6 per an.
385,000
5
150,000
4
32,000
4
4
180,000
523,500
5
2,000,000
6 g.
1907-1927
Aug. 1, 1932
July 15f 1893
Irredeemable.
May 1, 1897
1935
Apr.
May
Apr.
May
Feb.
Sept.
Jan.
Jan.
July
July
May
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1928
1904
1910
1915
1895
1906
1909
1909
1937
1937
1931
M. & S. N.Y.,36 W all St. A Bost. Mob. 1, 1916
Mcb. 1, 1916
Semi-an
Providence, R. I.
do
do
A. A O.
Worcester, Office.
J. A J.
F. A A. Boston, Globe Nat. Bk.
do
do
j. & j.
do
do
J. A J.
J. A J.
do
do
A. A 0.
do
do
F. A A. Last paid Feb. 1,1889.
Oct.
Jan.
Feb.
July
Jan.
Jan.
Apr.
Feb.
(!)
1,
2,
1,
1,
1910
1893
1895
1906
1 , 1913
1, 1930
1, 1894
1, 1916
operated in the Wisconsin Central system, whether owned or lease!
They therefore cover all the securties of said companies held
by the Wisconsin Central. There are also Penokee 1st 5s, due
1937, $30,000. The improvement bonds of 1891 (total authorized
issue $12,000,000) are the jo in t and several obligations of the
Wisconsin Central Co. and Railroad Co. and are further collaterally se
cured by purchase money first lien upon all property bought with their
proceeds. They have precedence in payment of interest over the in
comes, no new mortgage can be put ahead of them, and i f either com
pany hereafter issues a new mortgage, the improvement bonds w ill be
exchangeable for bonds thereby secured at par. Full statement con
cerning these bonds was in V. 53, p. 22, 757. On Deo. 31,1892, bills
payable, exclusive o f book accounts, were $700,000.
L and Grant .—The Wisconsin Central Railroad had a land grant of
839,348 acres, of which on June 30, 1892, 579,550 acres remained
unsold, and $98,918 land contracts were outstanding.
L atest E arnings.—From July 1 to Dec. 31, 1892 (6 months), net
Northern Pacific rental for the 672 miles covered by the Wisconsin
Central securities was $702,336; incom from securities, $202,081;
other income, $10,690; total income, $915,107; total charges, $791,265;
balance, surplus, $123,841; total surplus Dee. 31,1892, $352,970.
General F inances .—Since the Wisconsin Central Company owns
practically all the securities o f the Wisconsin Central Railroad, the
entire earnings o f both companies go into the Wisconsin Company's
treasury, from them being paid the total charges of both companies,
In February, 1893, the President of the Northern Paciflo stated to the
N. P. stockholders that “ the Wisconsin Central lines, independent of
the terminals at Chicago and Milwaukee, which are chargeable to the
entire system, have always been profitable to you, and for the four
months ending Oct. 31, 1892, show a net profit, even when all the
charges against the terminals at Chicago and Milwaukee are in clu d e!”
(See V. 56, p. 363, 364.
A nnual R eport.—Fiscal year ends June 30. Report for 1891-92
given at length in Chronicle , Y. 55, p. 783, 805, 808, showed:
Net earnings........ $532,872
$669,716
$680,035
$649,128
In 1891-92 net earnings as above were $649,128; other income, in
INCOME ACCOUNT (EXCLUDING CHIC. A NOR. PAC.)
terest, dividends, etc., $138,489; W. C. & A. lease, $46,425; premium
Tear ending June 30—
1891.
1892.
o n securities sold, $79,100; total net income, $913,142. Deduct in
$1,834,155
terest on bonds, etc., $435,820; taxes, $21,284; dividends, $200,000; Total Northern Pacific rental..................................
For MU. & Lake W. and Ch. Wis. & M in.................
597,002
balance, surplus, $256,037. (Y. 53, p. 535; Y. 55, p. 917).
W i n o n a Sc S o u t h w e s t e r n . —Owns from Winona, Minn., to beyond
Osage, 117 miles. Has traffic agreement with Green Bay Winona &
St. Paul, the Winona RR. Bridge, completed in August, 1891, connecting
the roads. See V. 52, p. 974. Trustee o f mortgage (for $6,950,000)
Farmers’ Loan & Trust Company. The bonds reserved to retire the
outstanding scrip are included In the amount out in the table above.
Stock authorized, $20,000,000; outstanding, $2,290,000, par $100.
—(See V. 51, p. 172; V. 52, p. 974; V. 53, p. 326.)
W is c o n s in C e n t r a l C o m p a n y .—(SeeMap.) —Owns junction near
St. Paul to Abbottsford, Wis., 157 m iles; branch to Bessemer, 34 miles;
other branches to Eau Claire, &c., 12 m iles; spurs, 44 miles. Leases
Chicago Wisconsin & Minnesota, Chicago to SclileisingerviUe, 112 miles,
and spurs, 11 mUes; trackage to Chicago, Minneapolis, Ac., 25 m iles;
total, 395 mUes. Controls Wisconsin Central Railroad, owning from
Menasha to Ashland, 253 miles; Stevens Point to Portage City, 71
mUes; branches and spurs, 93 mUes, and leasing Milwaukee & Lake
Winnebago (which see),Neeuah to Schlesingerville, 64 miles, spur 3
mUes; Packwaukee to MonteUo, 8 miles; trackage, 1 mile. Total Wis
consin Central Railroad, 493 miles. Grand total, 888 miles. Of this
672 miles represent Wisconsin Central Company’s stock.
Organization , E tc .—Organized June, 1887, to gather into a single
corporation the Wisconsin Central Associated Lines. Nearly all the se
curities of the Wisconsin Central Railroad are now owned, but for
legal reasons its separate corporate existence is maintained.
L eases.—Leased for 99 years from AprU 1, 1890, to the Northern
Pacific, which pays aU operating expenses and taxes, the Wisconsin Co.
furnishing the equipment.
As rental the Wisconsin Co. receives
35 per cent of the gross earnings of that part of the road lying north of
the junction with the M ilw a u k e e ! Lake Winnebago and 37ks per cent
o f the gross earnings of the Milwaukee & Lake Winnebago and the Chi
cago Wisconsin & Minnesota. I f operating expenses are less than 59
per cent of gross earnings, the saving is to be divided between the lessor
and the lessee. The lessee assumes all operating contracts, but the Wis
consin Company pays all rentals accruing under such contracts, ex
cept the rentals due the Chicago & Northern Pacific and the Chicago
Milwaukee & St. Paul, which rentals are to be met by the lessee. Once
In five or ten years an alteration in the percentages is permitted bv
arbitration.—(See V. 51, p. 713.)
J
The Chicago & Northern Pacific (which see) was leased on M a y l, 1890,
for 99 yearn, the lease being then assumed by the Northern Pacific
The Chicago Wisconsin A Minnesota, from Sclileisingerville to Chicago
& Northern Pacific terminals In Cook County, HI., 122 miles, is leasedln
perpetuity. Rental is 3 7 ^ per cent o f gross earnings, less its propor
tion of terminal oliarges ; but surplus rental over $350,000 yearly is
divided equally with leasee. As to Mil. & Lake Winnebago, s -e that Co
Stocks .—The preferred stock (6 per cent cumulative) is $3,000.000common stock, $12,000,000. B onds.—The first mortgage bonds of
1887 and (subject to these) the incomes cover all interest in the
lines which at the time of the making o f the mortgage were
Rental to Wis. Cent, proper, 672 miles. $1,268,506
N et interest on b on d s .............................
719,543
Int. on debentures of leased lines...........
34,740
Int., exchange and commissions............
6,497
Engine and car ren tal.............................
259,408
Trackage rights.......................................
68,642
General expenses, etc.............................
114,693
$1,237,153
649,913
35,370
25,074
287,166
65,553
105,491
$64,983
95,559
$68,587
160,542
Balance surplus for the year..................
Add surplus of previous year..................
Surplus June 30................................. $160,542
$229,129
Earnings o f the “ Wisconsin Central Lines” (entire system, etc.), as
reported by the Northern Pacific Company lessee, are shown In the
follow in g table. The figures here given indicate the growth of the
Wis. Central’s business, but like the corresponding gross and net earn
ings which the Northern Pacific publishes from month to month they
include accounts entirely independent of the Wisconsin Central sys
tem, and hence are not a correct guide to the value of Wisconsin Cen
tral securities.
Tear ending June 30.
1890.
1891.
1892.
Freight earnings..........................$3,437,205 $3,743,347 $4,018,823
Passenger..................................... 1,135,250
1,259,857
1,357,196
Mail, express and miscellaneous.
207,889
242,510
167,945
Total gross earnings.............. $4,780,344 $5,245,714 $5,543,964
—(V. 55, p. 7 8 3 ,8 0 5 , 808,1079; V. 56, p. 363, 375.)
W o r c e s t e r N a s h u a Sc K o e l i e s t e r . —Owns from Worcester to
Nashua and Nashua to Rochester, 94 miles. Consolidation 1883, of
Worcester & Nashua and Nashua & Rochester.
In October, 1885, a lease o f this property for 50 years, from January
1,1886, was made to the Boston & Maine Railroad Company at a ren
tal o f $250,000 and taxes. The mortgage of 1879 seoures squally on
the road from Worcester to Nashua the debentures o f 1873 and 1875,
and all the other bonds, including the Nashua & Rochester 1st
mortgage bonds of 1874. On April 1, 1893, $250,000 of 5 per cents
maturing were replaced by 4 per cents for $132 and temporary
loan for $118,000. For 1891-92 rental $250,000; net over fixed
charges, $157,486; paid dividend of 6 per cent, $183,864; detioit
charged to profit and loss, $26,378. Dividends : In 1884, lJ a ; in 1885,
3 and 17 stock; in 1886, 3; from 1887 to Jan., 1893, both inclusive, at
rate of 6 per cent yearly. (V. 52, p. 204.)
Z a n e s v ille Sc O h io K i v e r . —Owns from Zanesville, O., to Harmar, on the Ohio River, opposite Marietta, abont 80 miles, Uoluding
branches,3 miles. InAug., 1889,interestwasdefaulted. Foreeloiuresult
in progress. See V. 50. p. 140. On July 19,1892, J. Hope 8u.or was
made receiver. See V. 55, p. 147. Current accounts June 30 1891,
$262,593, In year ending June 30, 1891, gross earnings $151,251;
n e t.$29,221; taxes, $4,738; int. on bonds, $120,000. (vT 55,147.)
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WISCONSIN CENTRAL COMPANIES
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INVESTORS’
SUPPLEMENT.
[V ol. LVI.
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s ,
IN TE RE ST OR DIVIDENDS.
Bonds-Tptiiior
MISCELLANEOUS.
Date Size, or
pal. When Due
Amount
Par
of
When
F o r explanation of column headings, &c., see notes on
Outstanding Rate Per Payable+Where Payable, and by Stocks—Last"
Bonds Value.
Cent.
Whom,
tirst page of tables.
Dividend.
^ M IS C E L L A N E O U S .
$100 $12,000,000 8 per an.
.Adams Express—Stock..................................................
100 20,000,000 See text.
A m erican Bell Telephone—Stock....................................
500 &c,
7
2,000,000
Debentures, subject to call at 110............................ c«fer 1888
25
1.500.000 6 per an.
American Coal (Maryland) —Stock.......................... a;*'**
100 20,237,100
American Cotton Oil— Common stock (see V. 54, p. 761)...
100
10,198,600 6 per an.
Pref. stock 6 per cent non-cum., sub. to call at 105......
1,000
3.790.000
Debentures for $5,000,000, subject to call at 1 lO.gold.c* 1890
8 g.
100
3.845.000 See text.
A m erican District Telcg.—Stock, $4,000,000 authorized...
100
18,000,000 6 per an.
American Expi'ess—Stock..................................................
100
1.250.000 10 peran
Am erican Soda Fountain^-Common stock......................
100
1.250.000 6 per an.
First preferred, 6 per cent cumulative.
100
1.250.000 8 per an.
Second preferred, 8 per cent cumulative.
100
6.000,000 See text.
Am erican Straicboard—Stock
1,000
1.081.000
6 g.
1st mortgage, gold, subject to call after Feb., 1901........ 1891
100 36.773.000 See text.
American Sugar Refining—Common stock......................
100 36.773.000 7 per an.
Prer. stock, 7 p. o. cum. (Terms in edit. May, ’93, Su p .) ..
1,000 N il,D ec.l ’92
6
1st mortgage for $10,000,000........................................
100
14,000,000 5 per an.
A m erican Tel. < Cable—Stock, guar. 5 p.c. by West. Union
£
50 17.900.000 See text.
American Tobacco Co.—Com. stock, $21,000,000 auth---150.000 See text.
Common scrip, subj. to call or conversion before Jan.,’94
To o
11.935.000 8 per an.
Pref. stock, 8 p.c. non-cum.; pref. as to assets an d divs..
100.000 8 per an.
Pref. scrip, subject to call or conversion before Jan.,’94
Too 5.000.
000
A m erican Type Founders—Common stock........................
100
8 per
4.000.
000 an.
Preferred stock, 8 per cent, cumulative......................... .
A m e r i c a n B e ll T e l e p h o n e C o ,—Dividends—In 1881, 6 per
•cent; in 1882,11; in 1883,12; in 1884,15; from 1885 to 1887, inclus
ive, 16; in 1888,18; in 1889, 18 ; in 1890, 18; in 1891, 18 p. e.; in
1892, Jan., 3 p. c., April, 3; July, 3 and 3 extra; October, 3; in 1893,
Jan.. 3 p c. ana 3 extra; April, 3 per cent. Stock increased $2,500, 000, to $20,000,000, in May, 1893. See V. 56, p. 463.
On January 1, 1893, the company had 552,720 instruments in
u sein h a n d sof licensees and 307,791 miles of wire, against 512,407
instruments and 266,456 miles of wire in January, 1892.
A n n u a l KEroRT.—Report for 1892 was in C h ro n icle , V. 56, p. 537.
Tear ending Dec. 31.
1889.
1890.
1891.
1892.
T o till gross earnings...... $4,044,704 $4,375,291$4,736,007 $5,100,887
N et earnings.................. 2,658,738 2,869,418 3,126,820 3,411,676
Total net income............ 2,661,888 2,869,418 3,126.820 3,411,676
Paid dividends............... 1,238,913 1,463,913 1,725,000 1,927,227
E xtra dividends.............
600,000
750,000
900,000
991,863
700,000
655,505
501,820
492,586
Depreciation reserve......
New York, 59 Broadw’y
Boston, Comp’y ’s Office.
do
do
F. & A.
M. & S. N. Y., Office, 1 B’dway.
June 1, 1893
Apr. 15,1893
Aug. 1 1898
Men. 10,1893
J. 4c D. N. Y., Winslow, L. & Co.
Q .-F .
do
do
N. Y., Office, 8 Dey St.
J. & .1 N.Y..Co.’s Of., 65 B’way
.
Company’s Office,
do
do
8=5:
do
do
June 1,
Nov. 1,
May 29,
July 3,
May 4,
May 4,
May 4,
$=£.
1893
1900
1893
1893
1893
1893
1893
M c h .2 1 ,1893
Q.—j .
Q .-J .
J. & J.
Q .-M .
Q .-F .
Q .-F .
Q.—F.
Q .-F .
Boston, Internal Tr. Co.
N. Y. Office, 117 W all St.
do
do
N. Y., Central Trust Co.
N. Y., West. Union Tel.
N. Y., Farm. L. &Tr. Co.
do
do
do
do
do
do
Feb. 1, 19U
Apr. 3, 1893
Apr. 3, 1893
Jan., 1911
June 1, 1893
May 1, 1893
May 1, 1893
May 1, 1893
May 1, 1893
Q.—F.
N.Y.,Guar. AIndem.Co
May 15,1893
A m e r ic a n S t r a w B o a r d . —Incorporated under the laws of Illi
nois. Report for 1892 was in V. 56, p. 331. Quarterly dividend, 2 per
cent, paid Mar. 21,1893.
A m e r i c a n S u g a r R e f i n i n g . - This new Jersey corporation be
came in January, 1891, the owner of ail the property theretofore
belonging to the Sugar Refineries Company, or so-called Sugar Trust.
I t has purchased the capital stock of the four Philadelphia refineries
and a controlling interest in the Baltimore refinery. Spreckels’s re
finery in California is under a lease for ten years to the “ Western
Sugar Refining Company,” of which the “ trust” owns one-half the
stock. Claus Spreckels and A. B. Spreckels are officers o f the Western
Company, and own the other half o f the stock.
In January, 1893, Mr. Searles gave a list of the refineries in the
United States not controlled by the Sugar Trust and with which the
trust has no friendly understanding. They a re : Revere, of Boston, daily
capacity, 1,000 barrels; Henderson, of N ew Orleans, daily oapaoity
300 to 400 barrels; Cunningham, near Galveston, Texas, about same;
Mullineaux, o f Brooklyn, which claims daily capacity o f 2,000 barrels.
The daily capacity o f refineries operated or controlled by the Sugar
Refining Co., Mr. Searles said, was about 40,000 barrels a day. See mU
statement as to properties in V. 56, p. 126.
S tock .—Stock authorized is $75,000,000 (half preferred), o f which
on Dec. 1,1892, $727,000 common and same amount preferred was in
Treasury. In 1892 $23,546,000, half eacli common and preferred,
was issued for the purchase of the Philadelphia refineries, and a large
proportion of the capital stock o f the Baltimore Sugar Co.
D iv id e n d s .—Dividends since reorganization: On preferred stock in
full to date; in January, 1893, dividends changed to quarterly. On
common, in 1891, July, 4 per cent; in 1892, Jan,, 4 ; July, 4; October,
(dividends changed to quarterly), 2 ls; in 1893, Jan., 2 ^ per cent (quar.);
April, 3 per cent, and 10 per cent extra.
P r ic e o r Sto c k .—Common stock in,1892, 78%® 1153a; in 1893, to
M ay 19, inclusive, 62®134%. Preferred in 1892, 90®107%; in 1893
to M ay 19, inclusive, 68®1041
a.
A n n u a l R e to rt .—Fiscal year ends Nov. 30. The last report for 11
months ending Nov. 30, 1892, was in V. 56, p. 79, and showed net
earnings $8,615,837, from which paid 9 per cent on the common stock
and 7 per cent on the preferred, leaving a surplus for the eleven
months of $2,732,157.
There was brought over from the year 1891 a surplus o f $1,637,822, which, with the addition of 1892, made a total surplus for 1891
and 1892 of $4,369,980. These figures did not include the controlled
companies, the returns from which in March, 1893, were such that the
directors decided to divide the surplus o f 1891 and 1892, and so declared
an extra dividend o f 10 per cent, besides a quarterly dividend o f 3 per
cent on the common stock.
Total payments,...... $2,538,913 $2,869,418 $3,126,820 $3,411,676
— (V. 52, p. 121; 532 ; V. 54, p. 443, 559; V, 56, p. 463, 537.)
A m e r ic a n C o a l.—There are mortgage bonds for $200,000. D iv i
dends of 6 per cent per annum have been paid semi-annually.
A m e r ic a n C o tto n O ii.—Or g a n iz a t io n .—Incorporated Oct. 12
1889, under the laws of N ew Jersey, to succeed the American Cotton
Oil Trust, of which it was a reorganization. Owns the follow ing prop-erties, all of which are free from mortgage lie n : 70 crude oil mills, 14
refineries, 4 lard plants, 9 soap factories, 15 cotton ginneries, 4 cotton
compressors and 8 fertilizer factories; in all 124 properties, of which 34
were not active on Aug. 31,1892. See V. 55, p. 767.
Sto c k and B onds .—Common stock authorized, $21,092,000; pre
ferred , $15,000,000, of which $4,363,700 must be held to exchange at
par for the debentures redeemable at 110. Pref. stock is entitled to
6 per cent dividends, non-cumulative, and is subject to call at any
tim e at 105, See wording of preferred certificate in editorial o f May,
1893, Su p p l e m e n t . The debentures are subject to call at 110, on two
months’ notice. No mortgage lien can be placed upon the property
without the w ritten consent of the holders of 80 per cent of these de
bentures. Under plan for gradual retirement o f debenture bonds,
$210,000 were drawn and canceled Aug. 1 ,1892. See V. 55, p. 766.
D iv id e n d s .—Dividends upon the preferred stock have been at the
rate of 6 per cent per annum, payable semi-annually, from June, 1892,
■to June, 1893, both inclusive.
P r ic e o p Sto c k .—Common stock in 1891,1579®35is; in 1892, 32 >a®
477 in 1893, to May 19, inclusive, 30®511 Preferred in 1891,
8;
j.
33‘s ® 6 5 ; in 1892, 63Ie® 867 in 1893, to May 19, inclusive, 68®84.
8;
L atest E a r n in g s .—For 7 months ending Mar. 31.1893, net earnings
BALANCE SHEET DEC. 1, 1892.
were $2,406,475, against $1,822,927 in 1891-92; 7 months’ interest on
Liabilities.
-debentures, $176,866; dividend on pref., $356,951; balance, surplus, Refineries’ p la n t....... $41,250,000 M ortgages.................
$180,000
$1,872,675. See V. 56, p. 834.
Cash............................ 1,271,992 Loans.........................
7,458.946
7,186,500 Unpaid b ills............... 1,813,390
A n n u a l R e po rt .—Fiscal year ends August 31. Annual meeting of Demand loans___ ____
stockholders on the first Thursday of November. The last report was Sugar, raw and refined. 7,297,770 Letter o f credit aoct... 3,896,449
4,609,528 Open account............
511,336
' lished in full in the Ch ro n icle of Nov. 5,1892 (V. 55, p. 766), show- Sales account.............
_
1,812
value o f property Aug. 31,1892, as follow s: Appraised value o f real Boneblack & sundries. 1,584,040 Unpaid dividends_ _
811,363
te, machinery, Ac., $9,567,531; cash in banks, $2,165,553; bills Additionnal property. 1,547,240 Sugar Refineries Co...
Refinery impmt. acct.. 2,533,969 Sales of real estate and
and accounts receivable, $1,539,245; marketable products and supplies
Investment account.. 23,546,000
m aterials................
363,803
on hand, $3,408,541: total valuation, $7,113,338. See also p. 746.
636,870 C a p ita l...................... 73,546,000
For the year ending Aug. 31,1892, the profits of the whole business Treasury stock...........
were $2,527,699, less expenses o f administration, interest on bonds, &c., Stk. in other corpor’ns. 2,438,160 Surplus....................... 6,576,360
1,257,455
$673,725; balanco.net income, $1,853,973. The profits from all the Loan acoounts, eto___
properties, exclusive of interest charges and general office expenses
Total assets............$95,159,462
Total liabilities........ $95,159,462
have been as follows since 1886 ; Year ending May 31, 1887, $2,448 225; year ending May 31, 1888, $2,459,152; fifteen months to Aug.
D irectors .—H. O. Havemeyer, T. A. Havemeyer, F. O. Matthiesen,
31, 1889, $1,835,795; year 1889-90, $129,979; year 1890-91, $1,902,- Geo. C. Magoun, J. E. Searles, Jr., Wm. Diek, J. B. Thomas. Treasurer,
181; year 1891-92, $2,527,699.
John E. Searles, Jr., Now York ofiice, 117 Wall Street. (Y. 54, p.
119, 202, 469, 525, 761; V. 55, p. 177; V. 56, p. 79,126, 413.)
D irectors .—Edward D. Adams, John R. Bartlett, T. R. Chaney, W
A. C. Ewen, James A. Garland, Charles Lanier, Mayer Lehman, A lfred
A m e r ic a n T e le g r a p h Sc C a b le C o m p a n y .—Owns two cables
B. Mason, George A . Morrison, R. T. Wilson, all o f N ew York City; Jules between Sennon Cove, England, and D over Bay, N ova Scotia. Cables
Aldige, New Orleans, La.; N. K. Fairbank, Chicago, 111.; M. Frank, leased to Western Union till 1932, with a guaranty o f 5 per cent per an
Atlanta, Ga.; G. A. Ilobart, Paterson, N. J., E. Urquhart, Little Rook, num on the stock issued—$14,000,000.
Ark. Chairman o f the Board of Directors, Edward D. Adams, Presi
A m e r ic a n T o b a c c o C o m p a n y .—Organized in 1890 under laws
dent, John R. Bartlett; Secretary and Auditor, Robert E. MunroState o f New Jersey to manufacture and sell tobacco in all
Treasurer, Justus E. Ralph. Ollico, 29 Broadway, N .Y . (V. 53 n ofSto c k .—Pre ferred stock is 3 per cent, non-cumulative, andits forms.
has pref
639, 673, 6 7 6 ; V. 54, p. 761, 923 ; V. 55, p. 746, 766; V. 56, p. 834.)
erence also as to “ assets” in case of liquidation. See wording of
A m e r i c a n D i s t r i c t T e l e g r a p h . —See Su p ple m e n t o f Jan., 1893. pref. certificate in editorial o f May, 1893, Su p p l e m e n t . Preferred
In May, 1893, paid 11; per cent.
stock [$14,000,000 authorized] was listed in Sept., 1890. See V. 53.
A m e r i c a n E x p r e s s .—Dividends, 6 p. c. yearly since 1882. (V. 56. p. 21; V. 51, p.349.
p. 500, 578.)
D iv id e n d s : On common stock for 189112 per cent was pa d; in 1892,
A m e r ic a n S o d a F o u n t a i n C o .—Formed in 1891 under laws of November, 6 per cent; in 1893, February, 3; May, 3 per cent (quar.)
New Jersey to manufacture soda water apparatus and supplies.
A n n u a l R e po r t .—R eport for year 1892 was in V. 56, p. ,63, show
D iv id e n d s .—Dividends on preferred stock have been paid in full up ing net earnings after deduoting all expenses o f $1,739,301; dividends
to date. On common stock 10 per cent was paid in February, 1892 oii'preferred, $960.800; dividends (12 per oent) on commoi, $2,16b\and 1893. In February, 1893, a ll dividends were changed to quarterly, 000; balance, surplus, $1,612,501.
Balance sheet Dec. 31,1892, showed: Assets, real estate, stock, etc.,
and in May common received 2 ^ per cent.
$33,353,202; cash, $940,288; hilts and accounts receivable, $1,877,A n n u a l R e p o r t .—Fiscal year ends Dec. 31. Report for 1892 in V 900; total, $36,171,390. Contra—Stock and scrip (see table above),
56, p. 204, showed total sales of $3,116,743; net, $410,487. against $30,085,000; dividends payable February, 1893, $782,200; accounts
$410,469 in 1891; dividends, $300,000; balance, $110,487; total sur and commissions payable, $809,614; advertising fund, $386,681; sun
plus Deo. 31,1892, $220,956.
plus, $4,107,895; total. $36,171,390.
Directors.—James W. Tufts, Boston, President; F. H. Lippincott,
D i r e c t o r s .—Lewis Uinter, John Pope, George Aronts, James B.
Philadelphia, First Vice-President; John H. Matthews,N.Y’ ..Second Vice- Duke, Benjamin N. Duke, George W. Watts, Francis S. Kinney, W. H.
President; James N. North, Treasurer; Franklin W. Hopkins, New Butler, Charles G. Emery, W. 8. Kimball, William A. Marburg,Geo. W.
York ; Walter 8. Blanchard, Boston ; Daniel J. Puffer, Boston ; I F Gail. Pres., James B. Duke; Sec., Wm. H. Butler; Treas.. Geo.Arents.
North, N ew Y'ork, Secretary. (V. 54, p. 396. V. 56, p. 204.)
N. Y. office, 45 Broadway. (V. 53, p. 21; Y. 54, p. 4 8 5 ; V. 56, y 163
S
■JIa y , 1883. J
.MISCELLANEOUS STOCKS AND BONDS.
131
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
Bonds- Princi
IN TE R E S T OB DIVIDENDS.
m is c e l l a n e o u s .
D a te Site, or
pal,When Due.
Amount
of
Par
Kate Per ■When Where Payable, and by Stocks—Last
For explanation of column headings, Ac., see notes on
whom.
Bonds Value. Outstanding Cent. Payable
Dividend.
iirst page o f tables.
$100 $1,000,000
2.500.000
100
Pref. stock.8 p. e. etna., p ra t os to dividends only ......
1,000,000
1st mbri., gold, subject to call at 119 alter July 1 ,1902.. 1892 ; 1,000
6,000,000
;
io o
B r o o k ly n rhorffem-Common stock....... .
.
100
3.000.
Preferred stock, 8 p. e. cum.. sub. to ejsil at 110 and tot.
160,000
1891
1,000
S r u n m r U k C o m p a n y — B o n d s , gold....................................
100
3.431,500
C
d
i t i _Stock,
6.500.000
C e n tr a l <t S o u th A m e r ic a n T e le g ra p h —S t o c k $8,000,000..
i
100
1,417,600
Construction oertalpatoa to be converted into stock...... 1892
Chesapeake •* M a t c t t r e Ca«<d~ 1st M .{eitea d e d ln l8 8 6 )r 1886 »00 i-c.
2,602,950
924,800
■C hicago < A tchison- JBrtdge —1st M. lo r $ 1 ,000,000, gold..c 1885
f1,000
100 24,885,800
C h t a tm flas—Trust Co.'s receipts o f equitable interest............
500
2.100.000
People's Gas Light Sc Coke 1st mortgage, g o ld ............e 1871
500 | 2.500.000
2*.f mortgage............................................................... e 1874
1,000
2.000.
Equitable Gas Light A Fuel 1st mortgage...................e* 1885
4.032.000
Consumers' Gas 1st mortgage, gold..............................c 1886
1,000
1,000
9.448.000
Chicago Gaa Light & C o k e 1st mortgage, gold............ e 1887
100
djA tea g o J u n c tio n K a U w a y * < V u b m S tock Y a rd s —Stock
4
6.500.000
P r e f e r r e d , 6 per cent cumulative............................................
6.500.000
100
Collateral trust bonds, gold, $ or £ ...... ................... .. c ' 1890
1,000 1 10 , 000,000
3.000,000
Income bonds, 5 per cent, non-com. (See remarks)....... j 1892
1,000
■ O U istn J (hte L i g h t o f S r o o k iu n —Stock for $ 2 ,0 0 0 .0 0 0 ., f . ...
1.750.000
100
{Steens’ Gas Light IrtM.bas-.sub.to call aft.Apr.l,'95,e 1885
1.000 f
250.000
504),000
Consol, mortgage for $750,0OO. gold ... . . . . . — ...... c ‘ . 1890
1.000 I
250.000
1.000
Union Gas Light Co. 1st mortgage bunds................... . 1889
250.000
1,000
CoasoL mortgage, gold..............................................1885
1,000 1 1.380.000
C ity S u b u rb - 1". g y - t s i M. consol. 83,000,000, gold.. ■.0*1 1892
S a n i t y d S m ith Q m -.—1
Common stock....... .......................
See text, Annual, From Day-ton by eheck. June 15,1893
do
do
8 per an. Q .-M .
June 1, 1S93
J. A J. N. Y.,(luar. A Indem. Co. July 1, 1942
6
000........r. A J.
6 g. J. A D. N.Y., Knickerbocker Tr Deo. 1, 1896
7 per an.
5
5
e eSee text.
6 g*•
000 g g.
6
5 «■
o g.
See text.
6 per an.
I 5'
Q .-J .
F. A A.
J. A J.
J. A J.
auar'Iv.
:. A N.
J. A D.
J. A J.
J. A D.
J. A J.
J. A J.
J. A J.
J. A J.
J. A D.
A.
F.
l S- J.
J.
i t J.
5
A
A
A
A
A
N. Y „ Office, 37 Wall St.
do
do
Phi'.:*., Of. ,528Walnut St
N. Y „ W. A J. O’Brien.
PMla„ Fidel. Insur. Co.
N.Y.. Cent-Tr.A Lond'n.
do
do
N.Y.,Cent.Tr.A Chlc.Of.
Chicago, Union Nat, Bk,
N. Y „ Central Trust Co.
N. Y., Office, 45 B’ way.
do
do
N.T., Cent. Tr.; London.
N.Y. Of.—When earned.
Apr. 8, 1893
cony, int- j stk.
July 1, 1916
Jan. 1, 1915
Mch, 21 , 1893
Nov. 1, 1904
Deo. 1, 1904
July 1, 1905
Deo. 1, 1936
July 1, 1937
Jan. 5, 1893
Jan. 5, 1893
July 1, 1915
July 1, 1907
O.
Company's Office.
Ap. 1, ’95-1905
A. N. Y „ Central Tr. Co. Feb. 1, 1940
July 1, 1905
J.
do
do
do
do
Jau. 1, 1920
J.
D,
June 1, 1992
Baltimore.
A m e r ic a n T y p e F o u n d e r * . —OkOAXtZATtON, Ac.—Incorporate.! |shareholders o f the Chicago Gas Trust Company, and for the security
i a 1392 under laws o f Now Jersey to acquire and carry on the business of the holders of the mortgage bonds that were then, or might there
o f twenty-three companies and firms. manufacturing and selling about after, be issued by any o f said companies. Through its interest in said
83 per cent, it t» said, o f the entire output of type in the United State*. eomrmnle# the company also controlled all but $15,800 of the $1,650,000
Nearly all have been long estattWtad and, it is claimed, uniformly stock o f four smaller companies, three o f which have outstanding
00 1st mortgage
prosperous. Total acw-ta fexeliwlve o f good w ill) Inventoried at * 6.- tiie following bond#: Lake Gas Com pan 6s; Hyde Park Gas Co., $200,000 1st mortgage 6s; and Illinois Light
115,128. See advertisemt ut la CuBQMCLK o f October 15,1892.
c.
Sto c k . T im preferred -took Is entitled to an 3 per c u t dividend, Heat A Pow er Co., $500,000 1st 7 s ; guaranteed by the Peoples' Co.
quarterly; is n prior lieu cm tne property and
Box os.—i
-See application in full to New York Stock Exchange in
and
tie
two ’rote# tor each share, m again* t one vote CliH-tNI-.'LK. V. 47, J . 746. The guaranty o f the Gas Trust Co. ou the
,.K
,
-17, p.
>
a stoofc. Bee terms o f pref. certificate;* in edl- bunds has lapsell, the guarantor having ceased to exist.
•for e»«*h skim ol
m
f May. 1893.
toria ! o f
D ivim .sti-i.-In 18*S9,4 percent; In 1890, 3; In 1891, Sept., I H ; Deo.,
a 1893, May, 2 per cent.
11*: in 1692. March, 1*4; June, 1*4; September, l t j ; December, l>a; In
DtVlDEMH.—'
amonntMMtB report the average animal net profit* 1893, March, 1% per cent.
Ea r s i s o s — E.
Kara to be #059,490, the lowest for any one year
P ju-. k <>r Sto ck —I n 1888, 294**41; In 1889. 3 1*62; la 1890 3 2*6 5 ;
fo r tIsa to s t ih
flaring the teat three years have been ex- In 1891, 31 » T IN ; la 1892, 71 1
In 1893 to May 19 inclusive,
being §607,495. K
§ been mitting i n price#. (V. 53* p. 023, 0384
59*94*3.
,&em ive* Mid the
F in vncks.—In December. 1892, the dividend was increase! to l*a
DIRECT!O A
R -.—Bob % Allison (President), O. Frederick Jordan, John
jgattUov ’Wm., B. M •Kfdlar iViec President), John J. Paliner, J. W. : p, e. In Fell .1893, « >40,000 CUleaguGto-IJgbt ACoke bonds were sold.
Thbiaey, C o t tliknci jtter, j:r, Henry Barth, L. Boyd Benton, A. T. fif, O l the *25,000,000 trust receipts, $111,200 nave been canceled.
istiiry | leorge SL Turnbull [Treat imsrj.. OffioeY. : K t s v iv ;- , E tc.—In Jfarcb, 1893, Die officials stated that “ owing to
Bro |y Company.
: & ][M e m
: unusual ex pemUtares tile net earnings for 1892 were somewhat smaller
U a llln a o r c T r a e i l o n , — §9, p. 608.
*V.
titan was expected. In pursuance o f the established policy o f tboiaauH a r n e y Sc s t n ! 1 1 > lfieorpetafe-l In 1892, under haw* o f w e s t agement these exiieaditures were charged to the profit and loss
*nifieeed > corntmiiv eetabdahed in 1849* and doiai ‘iutine## account for the year. During the first three months o f 1893 the
*
VlrKHUa, t® m
and bond# lifted in 'Sew Y ori in ’’January, amount o f gas uol-1 wits about 16 per cent tn excess o f the amount sold
jSt- Dayton, O
■during the corresponding months of 1892; andtUemanageinentexpeet
eainoD ttoek in 1893, June, 5, §».
4893- Divld
that the ratio o r tact-ease consequent upon the World’s Fair will be
B r o o k ly t i T m e t l o n .—On?auho in 1892 and parchaae<! the #toek still greater during the remainder o f the current year.” The earnings
o f the Atlantic Avenue Street BK. 3o, of Brooklyn at $123 per $50 ' hare been as follo w s:
■
-share. The road w ill be operated will electricity. The- Brooklyn Bath
Year.
S r i Larnings.
In te re s t,,
S u r p lu s .
Jc W e*t End EB. feme Rail road*) ha# b ■a bought in name latere#?. This I
$1,035,100
$1,354,609
1# not the company which control# I ia Brooklyn C i t y road ; for that I 189 - ......................................... $2,380,709
1,044,250
1,743,585
•company, *0© L o n g Isdatxd Traction C . The securities of the Atlantic ! 1891 ........................................ 2,787,835
1,087,508
1,948,096
o f thl# B v r r n tm r .'S 't in I 1892 ........................................ 3,035,60-1
Avenue Company are described at 1
tree t railroaus.
earataj , etc. ’ New York Office, 29 Broad Street,
j —tV. 31, p. 366, 405, 443, 485, 799; V. 56, p. 331.)
In V. 53, p. 468. 836; V. 5+3, p. 245,
C h ic a g o J u n c t io n B a l l w a y i Ac U n io n S to c k Y a r d * . —OsB rti n « w tc It C «>Hi p a n > *—O w m : eal estate and w? te r front in the
« U f of Bruns wick, O a . and docks in local companies. Stock, $3 ,000,- ; » awizaTinx.—This company, Incorporated to 1890 under the laws of N ew
j Jersey, ha* purchased 98 per cent of the stock o f the Union Stock Yard
+400; par, fHX*.
j A Transtt Company of Chicago, vciiieh totter company o wns the entire
C a n t o s C o m p a n y .—See gprrnEMEKT o f September, 1892.
j stock of the Chicago A Indiana State Line Railroad Company. The
C e n tr a l Sc St* n th A msertenn X«.lejgr»gE*-^Owhat cable line froa i property thus controlled is situated In Chicago, and constats o f 470
ilDaratlao, Chill, 4,750 ndlee, and land IIa m I acres o f land (with one mile o f water front) containing warchotiaes,
Term Crul» Me
‘ Trans-AiadlBe teieeraph tinea, 1,200 miles. sheds and pen* (toaccommodate 25,000 bead of cattle, 160,000 hogs,
350 tulle* *
.
purcha»e4 In 1891,
osmneeUug Vnlpmmso with B uhboa A y im ' etc.); also 130 miles o f stcel-traoked railway, connecting with all the
rllh Me can T « r^raph Company, and railroad* entering the city. Sec adv. In Cb u o n ic lb July 19, 1890, and
Cmme.
at- v«
I n ■ rii Calve# ton and |V. 32, p. 203.
direct
■
ow ns m m
ConUUw f$le<r*, Wlsf mihe» , e te . In Jmw, 1892■ 01,417,600 c'Oii-Ht.nietlon
t
co8ver|Ihk: in to «fe)ck, wer*' m id at par to « toefcboWtefft, to I AOBBKMKvr w it h P ackkks .—C mier a fiftocn-year agreement dating
i from July 1, 1891, the Chicago packers, Messrs. Armour. Morris and
ami ChoitllA^, Pi'ra. T:
3 b# c o n v e r t e d into »tock ! Swift, and others, guarantee to give this company the business of paokvritMis f t iie e y eiirw njiter the eompteti
f the work. Bee V . 54, p. } lug all live stock slaughtered by them within 200 tulles o f Chicago.
All tills stork passe* through the Chicago oompany's yards, and
mthorl«eii Jam 18, 1893.
1017. tsereas* o f *toe k to 3^ , 090,000 yr a# d
5
>
; pays the usual charge*, which must amount in the next six years to at
DsTzxim m . — t n 1
n n d \ m ® , 4 ix'r isent; In .1887, 6 per cen t; from ■least $2,000,000. See V. 54, p. 328, 923; V. 55, p. 99, 297.
W m t4 April, 1993, 1 nh In c lu s iv e , a
w
te o f 7 p. e. per annum,
In July, 1892, a five-year contract was made with the remaining
payahlf q n k r t e r ly ; In 3
tfurch, 1090, a 1
r dividend o f 20 per cent packem, the so-called Stickney packers. 8ce V. 55, p. 99.
t o psgJ for «urpta* earn h z g s teve*t««l in p h u»t.
C xrrr tt. stock —The common stock anthorixed Is $6,500,000; preFor yen v 1892gro*e m m tetgM were about $808,000; net, j ferre-I, $8,500,000, The preferred stock 1* 6 p ercent (cumulative), and
*502,00; dividend, $1U1.A00; balance, MUri>ln% #60,500. Office, 37 ; in case of liquidation w ill hare priority over common as to all asset*.
WaB
K. Y. ?V.
p. 1047; V. 55, P, u r* *7; V. 56, p. 127, 538.1
DlvniKM i*.—On preferred, 6 per cent yearly to (late. On common,
f ’ hMwgo Ac l ( r h U o n B r id g i' C 0*—Owni1 and op<
i railway j in 1891 10: in 1892, January, 4 ; July, 4; In 1893, January, 4.
and babwa;f m i l bridge m r m s the Mim m n t Hi
.
BOSH)*. -The collateral trust bond* are secured by deposit with the
u
Bused tjr th e 1 t e m z o l i m •k Island A Pa
c
rifle. M m ifiltissJ A l
i Central Trust Company, trustee, o f over 90 per cent of the stock o f the
m m O ff 4 C m m Bluffs
<w
fifie and A tebteon
|Union Stock Yard Transit Company. The $3,000,000 income bond*
We rafway rto m m u im * 1 1889 styoms *
ls
$122,81
; issued to the packer* are 5 per cent non-oumulativo Income*, carrying
.am d m 'm r m 0100,246 ; eurplua, $22,570. In1 1890 i
interest after payment o f interest on the collateral trust bond* and the
'ftjEed tnarf e# and e x p m mm* §94,933; »nrpln% 1
$23,495.
i < per cent dividend on the preferred stock; when earnings softies
5
' after payment o f prior charge* a* aforesaid, the company will set aside
•
iciMr.—The € hica^ro M as Trnsi
$200,000 yearly for their Interest and sinking fund, the incomes being
d tn im noi s in 1887 to ae«-|iilre
prr Mattes in CM*
la. Ajpuli* I89tb.it.§ name wae cJianged to ' the 01 jaro Gas Com- ! subject to call at par. See V. 51, p, 328.
p s m t and in April,
E u i*i*.:,K —From Jan. 1 to Mar. 31, 1893, (3 months), gross, $632,101. the stoekhoMcr* deemed it expedient to stir■
rC&M their charter the courts having decided that the organization ; 594, against *722,483 in 1892; net, *413,541, against $507,523.
pr
w w m tlegnh The Fi clity Insurance Trust A 8afe Deposit Co. o f PhilaA n n u a l R k i -o rt .—F iscal year ends June 30. Annual meeting In Jer
deTiuu whj-h n«i< tn trust all the securities beloiiging to the old sey City fir-t Thursday in July. Report fo r 1891-92 V. 55, p. 99.
"•sotmany then, upoi
iquett therefor* issued to the holders o f Chicago
This company own* 129,910 share* of the capital stock of the Union
<}m certificates,: fan
Ipt# for am e+juitable interest in the seeuri* I Stock Yard A Transit Company of Chicago, purchased at a cost of $ 22,Hefao held See V. 53, i 21 .
; 611,121. The gross and net earning* o f that company during the three
f * t ‘ST E-TOEtm*.' -Th«
srtify that the holder is entitled to his i year* ending June 30,1892 (estimating June. 1892), were as follows:
Gross Earnings. Net Earnings.
of i
wnership in all the stocks held by the
rp>
$1,717,809
the lien o f the bonds), and has the right to j Year ending June 30,1890.......................... $2,668,386
and to vote the same as he may choose. i Year ending Jnue 30,1891......................... 2,863,633
1,800,458
t i S f i % divld
$92.................
2,947,455
1,829,420
0 BA.tr
June, 1891, a settlement was reached
i The profit* or the C. J. R. A U. S, Y. Co. hare been as follow s;
-several w m p m m m on thes ’ h n »m
of
the city get*
fy m o
1890-91.
1891-02.
o f th e
per m m t
re-ee pis,
or
at
least
g ro fm
mg
*150*000 p e t m «mwri, and paying §1 per 1,000 feet for its j Dividends of V . 3. Y. Co., t o t on deposits, &o. .$1,713,473 $1,708,440
1
m - ■the im m o f u:m to 0flier ©naatttiier* to remain at .$1 25 until Taxes, ordinary add extraordinary expenses,
legal, salaries, rents, An...................................
164,705
167,247
, win?m » m d n o ' rion o f 5 eetntB in th# p r i m ro; t be made each year !
fjti.O"wing' nM li §1 lisa been nr itched. 8ee V, 5 , p. 939, As to the Interest on bond*.......................
500,099
500,000
~
Mmm
; Fuel Conn«>».T
| Dividend*............................................................
988,117
889,204
v. m * f* 366, 405,
•BW.
tK » chrm it*.—Compan,yowneil §04.887,
Total payments............................................ $1,652,822 $1,556,151
of the
bonds are g i v « i in the table abo ve, and ;
eposlt
stock
$60,851
$149,989
trust for the benefit and security of the |Balance, vurpl'W...................................
132
INVESTORS’
SUITLEALEN i.
(V o l. L V I
S u b s c r ib e r * w i l l c o n f e r a (tr e a t f a v o r b y R iv in g : im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
Bonds—Princ/
IN TE R E S T OR DIVIDENDS.
M ISCELLANEOUS.
Date
pal,When Due
S P ar°r
Amount
R ate per When Where payable, and by Stocks—Last
of
For explanation of column headings, &c., seo notes on
Cent.
Payable
Bonds Value. Outstanding
Whom.
Dividend.
first page o f tables.
Olajtin (H. B .) Company—Common stock.........................
1st pref. 5 per cent, gold, cum— <pref. as to princi- ?
2d pref. 6 per cent, cumulative.... ( pal and dividends. $
Colorado Coal < Iro n Development—Stock........................
£
le t mortgage, gold, guar., redeemable at 105......... c*«fcr
Collateral trust bones, gold, secured by land notes......
Colorado Fuel < Iron —Common stock, $11,000,000.........
*
Preferred stock, 8 per cent, cumulative.........................
Col. Coal & Iron 1st consol. M., gold, s. f., not drawn..o*
Colorado Fuel Co’s gen. mort., gold, s. f. red. at 110..c*
Col.Fuel & Ir. con. M. ($6,000,000) g.,s.fd., red. 105.c\tr
Grand R iver Coal & Coke 1st mortgage, gold, see text.c*
Columbus d Hock. Coaid Ir o n Co.—Stock, $190,000 is pref.
1st M., g. (13,351 acres land, mines, &c., s. f., not d rn .c*
Commercial Gable—Stock ($10,000,000)............................
Debentures payable £40,000 to £120,000 per annum..
Comstock Tunnel—Income, non-cuin. ($3,000,000),gold.c*
Consolidated Electric Light—Stock....................................
Debenture bonds, sinking fund......................................c
Consolidated Gas (N . Y.)—Stock......... ..............................
Knickerbocker Gaslight, 1st mortgage, sinking fund.c*
Metropolitan Gaslight Co., 1st m ortgage....................c ‘
Debentures.....................................................................r
Consol. Kan. City Smelt*g <- Refin'g—Stock........................
£
1st M., gold, subject to call at 105 after M ay 1, 1895..c*
Consolidation Coed o f Maryland—Stock............................
1st mort., consolidated, convertible into stock at par, .c
1889
1892
.
$100
100
100
100
1,000
1,000
100
100
1880
1889
1893
1889
1,000
1 ,0 00
1,000
1,000
1887
1,000
100
100
1889 500 &c.
100
Too
1,000
1878
1881 500 &c.
1,000
1888
25
1,000
1890
100
1872
1.000
D irectors .—Chauncey M. Depew (Chairman), John Quincy Adams
(President). Edward J. Phelps, of Burlington, Vt.; W. J. Sewell, Cam
den, N. J.; F. H. Prince, Boston; Fred H. Winston and Albert H. Veeder,
E. J. Martyn of Chicago, Hugh C. Childers and Adolph Von Andre, of
London,England. Offic ers . - President, John Quincy Adams; VicePresident, Wm. J. 8ewell; Secretary, William C. Lane; Treasurer, Thomas
Sturgis. New York office, No. 45 Broadway.—(V. 53, p. 21, 125, 186.
435, 968; V. 54, p. 328, 405, 923; V. 55, p. 58, 99, 297.)
C itizen **’ G a s C<>. ( B r o o k l y n . ) —Stock listed on N ew York Stock
Exchange in May, 1892. The official statement to the Exchange was
given in full in V. 54, p. 888. On Ap ril 1, 1892, number of meters in
use, 6,931; street lamps, 1,386; miles of street mains, 761 President,
a.
T. E. Stillman.
C it y & S u b u r b a n B e l t . —See Supplement o f January 1893.
C la t lin ( H . B . ) C o m p a n y .—Incorporated under the laws of New
Jersey in May, 1890, to carry on the mercantile business o f the firm of
H. B. Claflin & Co., o f New York City. The company’ s premises have a
frontage of 375 feet on Worth Street, and with all appurtenances are
valued at $2,739,181, its total assets Jan. 1,1893, including merchan
dise, accounts receivable, etc., being put at $16,652,846. V. 56, p. 80.
D iv id e n d s .—On preferred stocks fu ll dividends to date. On common
stock in 1891,10per cent; in 1892, January, 2; A p ril,2 ; July, 2; Oc
tober, 2 ; in 1893, January, 2J ; April, 2% per cent, (quar.) Dividends
4
on the first preferred stock are payable in gold. The option of con
verting preferred stock into common stock has expired, and annual
charges for dividends ahead of common stock are now fixed at $284,251.
P rofits applicable to dividends w ere: In 1892, $870,006; in 1891,
$658,096; in 1889, $784,000; in 1888, $706,000; in 1887, $766,000.
Total surplus reserve for common stock $549,248. See semi-annual
report in V. 56, p. 80. Office corner Church and Worth streets, New
York. (V. 53, p. 9 4 ; V. 54, p. 203; V. 55, p. 99 ; V. 56, p. 80.)
$3,829,100 See text. Q.—J. N. Y. .Office— Clmrcli St
2,600,300 5 per an. Q.—F.
do
do
2,570,600 6 per an. Q .-F .
do
do
6,000,000
700.000
5 g. J. & J. N. Y., Company’s Office.
630.000
6 g. J. & D. N. Y.,Real Est.L.&Tr.Co
9.250.000 See text. Q .-F . N. Y., 18 Broadway.
2,000,000 8 per an. F. & A.
do
do
3.064.000
6 g. F. & A. N.Y., Knickerbocker 1 r.
1.040.000
6 g. M. & N. N. Y., Atlantic Trust Co.
Nil. M ar.’93.
5 g. F. & A N.Y., Office 18 Br’dway
768.000
New York.
6 g. A. & 0.
4.890.000 See text. F. & A. N. Y.. Office, 80 B’way.
985.000
6 g. J. & J. N. Y., Amer. Ex. Bank.
7.716.000 See text. Q .-J . New York, 1 Broadway.
£60,000
6
J. & J. New York and London.
fc
1.908.000
4 g. M. < N N. Y „ Office, 115 B’way.
2.500.000 See text.
N.Y.,Co.’ s Of.,32 Nassau
163,100
6
J. & J. N.Y., Am.Exeh. Nat.Bk.
35,430,060 6 per an. Q .-M . N. Y., Office, 4 Irvin g PI.
J. & D.
do
do
400.000
6
F. & A. N. Y., Farm. L. & Tr. Co.
6
658.000
M. & N. N. Y., Office, 4 Irvin g PI.
1.500.000
5
N. Y. Of., 20 Nassau St.
2.500.000 8ee text.
1,000,000
6 g. M. & N. N. Y., Of. 20 Nassau st.
10,250,000 See text.
N.Y.,Co.’ s Of.,71 B ’way.
1,100.0006
J. & J.
do
do
Apr. 15, 1893
May 1, 1893
May 1, 1893
July 1, 1909
1897
May 15,1893
Feb. 1, 1893
Feb. 1, 1900
May 1, 1919
Feb. 1, 1943
Apr. 1, 1919
Aug. 20, 1891
Jan. 1, 1917
Apr. 1, 1893
1894 to 1900
Sept, 1, 1919
Oct. 1, 1890
1893-1895
Meh.15, 1893
June 1, 1898
Aug. 1, 1901
May I , 1908
Mch. 1, 1893
May 1, 1900
Feb. 1, 1893
Jan. 1, 1897
The Central Trust Company of N ew York is trustee o f the m ortgage'
Dividends on preferred: In 1891, February, 2 ^ per cen t; August, 2^;
in 1892, none.
In fiscal year ending March 3 1 ,1891, gross earnings were $1,190,011;
net, $147,638 (against $121,225 in 1888-89); surplus over interest,
taxes and dividend on preferred, $'>1,012; from which paid royalties
on coal not owned in fee, $17,743; car rentals, $3,221; discount,
$18,255; improvements, $8,220 ; balance, $13,572. New York office.
SO Broadw’ ay.(V. 52, p. 507, 643, 831; V. 53, p. 187, 288.)
C o m m e r c ia l C a b le C o m p a n y .—This is popularly known as the
Mackay-Bennett Cable Company, owning tw o cables from N ova Scotia
to Ireland; one from Ireland to Havre, France; one from Ireland to
Bristol, England; also one from Nova Scotia to N ew York and one to
Roclrport, Mass., &c. In September, 1887, the authorized stock was
raised to $6,000,000, and in October, 1888, to $10,000,000. N w stock
for $1,929,000, m aking total issued $9,645,o00, w ill be delivered after
Aug. 1, 1893, entitled to dividends from July 1. I t is said to pay for
third cable.
D iv id e n d s .—In 1889, 1 ^ p. c.; in 1890, 6 per cent; in 1891, 7;
in 1892, 7 ; in 1893, January, 1%; April, 134. On Jan. 15,1891, 1892
and 1893, company elected to pay off £120,000 debentures, being the
maximum amount payable per annum. In 1892 gross earnings, $1 890,377; net, $1,099,578, against $1,085,324 in 1891. Mr. j . W.
Mackay, President, 1 Broadway, New York,— (Y. 50, p. 71, 706, 735;
V. 54, p. 525 ; V. 56, p. 500.)
C o m sto c k T u n n e l ' o . —Owns Sutro Tunnel on Comstock Lode for
facilitating gold and silver mining operations and has contracts with
mining companies for royalty at rate o f 4 per cent on bullion yield
at market price in gold. Stock, $2,000,000 (pay value of shares, $2*00),
against $20,000,< 00 o f old Sutro Co. In March, 1891, the funded debt
was reduced by $231,000. In May, 1892, no interest was paid on in
C o lo r a d o C o a l & I r o n D e v e lo p m e n t . —The stock of this com- comes, and on Nov. 1,1892, l 1 per cent was paid.
^
any formerly held in the treasury of the Col. Coal & Iron Co. was in
A n n u a l R epo rt .—Report for year ending August 31, 1892, was in Y.
ctober, 1892, upon formation of the Col. Fuel < Iron Co.—-which see
fc
below—distributed to the Coal & Iron Company’s stockholders. The 55, p. 599, showing royalty received $71,401 (against $157,631 in
total real estate owned on Nov. 1,1892, was valued at $6,209,623 (in 1890-91); other earnings, $20,201; miscellaneous receipts, $8,567 ;
cluding town lots in Pueblo, e tc .); land notes, $900,000; other assets, back royalty, $22,855; balance per previous report, $103,695; to tal
$220,377; total assets, $7,330,000. Liabilities as in table above. See receipts, $226,719. Disbursements—Operating, etc., expenses, $72,fu ll statement to N. Y. Stock Exchange in December, 1802 in V. 55, p. 157; bond interest paid, $34,390; extraordinary expenses, $42,090;
1112. The company hoj>es that by Feb. 1, 1895, land sales w ill have balance forward Aug. 31, 1892, $73,082. N ew York office, No. 115
enabled it to pay off ail its first m ortgage bonds ($700,000), the guar Broadway. (V. 55, p. 599.)
anty on which was assumed by the Fuel & Iron Company. N. Y.
C o n s o l. E le c t r ic E ig lit .—See Su p p l e m e n t January, 1893.
Office, 45 WaU St.
S
C o lo ra d o F u e l & I r o n .—(See M ap.)—Or g a n iz at io n an d P rop
Colorado corporation formed in Oct., 1892, by consolidation
[V. 55, p. 373, 639,] of the Colorado Fuel and the Colorado Coal & Iron
Cos., the former controlling the Grand R iver Coal & Coke and the Denver
Fuel companies and the Huerfano Land Association. It thus became
the owner of the following properties; 69.000 acres of land, containing,
it is claimed, 400,000,000 tons o f proved coal deposits, including steam,
domestic coking, gas, smithing and anthracite coal; 800 coke ovens;
15 coal mines, with daily capacity o f 12,000 tons of all kinds of c o a l;
steel works at Bessemer, including 3 blast furnaces, capacity 350 tons
pig iron per d a y ; rail mill, capacity 500 tons per day; bar m ill; pipe
plant, 30 tons per d a y; iron m ines; and cash and convertible assets in
excess of liabilities, $1,283,971. As to Colorado Coal & Iron Develop
ment Co. see that company above. Application to N. Y. Stock E x
change with balance sheet on Nov. 1,1892, was in V. 55, p. 1040.
St o c k —T he authorized capital stock is $2,000,000 of 8 per cent
cumulative preferred stock and $11,000,000 common stock. Of the
common $1,750,000 remains in the treasury.
D iv id e n d s .—On common: In 1893, May., 1*4 per cent.
B onds .—The consolidated company assumed the bonds of the Colo
raao Coal < Iron, the Colorado Fuel and the Denver Fuel Company,
fc
and has executed a consolidated mortgage for $6,000,000 covering its
entire property, $4,244,000 bonds secured by which were reserved
to retire the prior bonds at or before maturity. The annual sinking
fund for the consols is 2 cents per ton o f coal and 5 cents per ton of
iron mined, the consols being subject to call for redemption from this
sinking fund (but not otherwise) on any interest date at 105. The
, Iron Co. also assumed the Col. Coal & Iron Company’s guaranty
or Colorado Coal & Iron Development bonds for $700,000. The
Grand R iver Coal & Coke Co.’s bonds are not guaranteed, but
a majority o f the company’s stock is owned by the Colorado Fuel & Iron.
_
Tn 1891 the companies in the consolidation produced
2,^,00,000 tons of coal and coke. F or quarter ending Jan. 31. 1893.
earnings w e re :
*
Net earn’s coal and iron..$304,078 Taxes, sinking fund, etc. .*$51,988
From investments..........
10,131 Interest, 3 months............ 79,755
Dividend preferred........... 40,000
Total net income......... $314,209
Balance for com. stock.. .$142,465
Djrfxtors.—John C. Osgood, Henry R. Wolcott, Dennis Sullivan,
John L. Jerome, Charles H. Toll, William H. James, J. A. Kebler, of
D enver; Paul Morton, o f Chicago; C. F. Meek, Ernest Thalmann,
of New Y o rk ; W. H. Graham, of Pueblo. J. C. Osgood, President.
Office, 18 Broadway, New York.—(V. 53, p. 257, 435; V. 54 n 202
e r t y .—A
C o n s o lid a te d G a s o f N e w Y o r k . —This company was organized
November 11, 1884, under chapter 367, laws of N ew York, 1884. The
companies 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 which $3,647,940 was reserved for working capital and fo r
indebtedness o f old companies. (V. 46, p. 418, 537.)
C o n s o lid a t e d K a n s a s C ity S m e lt in g «fc R e fin in g .—Incor porated in 1887 under laws o f New York, and owns extensive works at
Argentine, a suburb of Kansas City, for smelting and refining lead^
silver and copper ores. Also has smelting works near E l Paso, Texas,
and Leadville, Colorado. In M exico it owns three valuable mining
properties. Dividends from August 1,1887, to February, 1892, both
inclusive, at rate o f 10 per cent per annum in cash, and in 1892 12L
2
per cent also in stock to represent earnings spent in improvements; in
March, 1893, 10 per cent in stock. See full description o f property in
applications to N. Y. Stock Exchange in V. 48, p. 69, and V. 54, p. 370.
In 1892 net earnings were $244,000. Mr. N. Witherill, Vice-President,
20 Nassau Street, N. Y. City. Y. 56, p. 403.
C o n s o lid a t io n C o a l.—Report for 1892 was in Y. 56, p. 373.
The gross receipts from mines, railroads, rents,
1891.
1892.
<fec.(including value of stock o f coal on hand).$2,581,338 $2,424,994
Net receipts....................................................... $384,385
$354,217
The interest in 1892 took $116,900; balance, surplus, for dividends,
$237,317. Baltimore & Ohio Railroad owns $3,810,000 stock.
This company guarantees $1,000,000 bonds o f the Cumberland &
Pennsylvania RR., whose stock it owns. Dividends since 1883 : for
1884 and 1885, 1; for 1886, %; for 1887,1 ^; for 1888, 2*4; from 1889
to Feb., 1893. inclusive, 2 p. c. yearly. (V. 54, p. 524; V. 56, p. 373A
D e la w a r e D iv is io n C a n a l.—See L e h ig h Co a l & N a v ig a tio n ,
D e n v e r C ity C a b le .—Owns an extensive system of cable lines in
Denver, Col., and has the exclusive right to operate horse railways n
that city till 1902. Mileage owned: Cable lines. 30 miles single tra c t,
horse car lines, 10 miles single track total owned and operated May
1, 1892, 40 miles.
Stock authorized, $3,000,000; outstanding
$2,770,000; par $100. See application to N. Y. Stock Exchange V. 50.
p. 487. (V. 54, p. 203.)
D e n v e r C ity W a t e r .—See Su p p l e m e n t of January, 1893.
D e n v e r C o n s o lid a t e d G a s C o .—Organized Nov. 16,1891, to take
over the old gas company in Denver, Coll Capital stock, $1,500,000.
Mortgage covers all the corporate property, which includes valuable reai
estate in Denver. The bonds are subject to redemption at 105 and
interest in case of any sale of property under the. mortgage. Quarterly
lolefloio^’V5 6 p 5 T 5 9 5 1 7 S 1 3 3
5 ,’ 2 O ? V 4 ’ 7 ' 3 ’ 7 ’
dividends of 1 p. ct. paid in April, July and October, 1892; in 1893.
C o l u m b i a &. H o c k i n g C o al & I r o n C o m p a n y .—Organized at January, 1; April, 1 per cent. Gross earnings in year 1892, $378,685;
Columbus, O., January 26,1883, and owns large coal and iron proper net, $197,211; taxes, $8,100; interest, $90,000; balance, surplus,
ties, with extensive works thereon, in Ohio, a full description of which $99,112; year ending Jam 20, 1891, gross, $358,918; net, $180,755 .
was published in the C hronicle o f February 26,1887, V. 44 p 278 Hon. J. B. Grant, Denver, President.
Ma t ,
MISCELLANEOUS
1893.J
STOCKS AND
BONDS.
153
MAP SHOW!Ml
P R O P K IIT IE S OF T H E
C rb n
a o,
COLORADO F U E L & IRON CO.
.1 C A R B O N
The respective properties are indicated by
a star and number, the latter corresponding
to the a amber in this index.
So. O &en«r«d Offlee*.
“ I Sf*au»"C©ni I.un<I*.
“
% l>rj I>ome*lie.Coui Land*
4 8 Elk.If end Mi*. A nth reel tc Lund*.
4
** 4 JLIamlte Land*.
4 5 fNrmi-Uakln*. Steam A I>oa.e*ii«-Coal Land*
4
c
" « 4
4
“
“
“
**
“
u T 4
4
4
4
4
4
4
4
** Mine*.
4 8 Wry I>om£#tle and 8te*n*»Cottl M in**.
4
_
■lO m »•„!„* Da le ...1 «(..<»,
■
l.(
o »t'M -<
" I 1 C «M «* -tW M l .. .
_
“ IS €*fc« o , ™ .
C I
2 PEACOJCK
TTPS
" I S A n t* m e lt* JU m .
"1 *
**
4
4
4 1 T CoktnsE-Conl M lu e.4
“ I * Iron Land*.
“ I» “
Mine.
4 80
4
4
1
*
____ ; V ____
*
• J In. Laud.
•4
CHEYENNE
^
4 9 Coke Oven*.
4
C k O *.
o e ven
Tort Cellini
4
4
4 81 4 Land*.
4
4
“ 88 D o w e n ilcK o d Mine*
4 8*
4
W ork*.
4 84 L l o eoton e Q u a rric*
4
* * 8 s P — untie Con i Mine.
«*«
4
4
4 87
4
4
4
4
4
“ 8*1
4
4
“ 8#
4
4
“
4
4
f
io e
«
and i k M - C w l Mine*.
4
4
4
4
4
4
4
4
i'O U L
** 80 Iron Load*.
** 81 rTmoortai fh w l Land*.
4 8 * C 'n k l«».C n .l Mine.
4
” 58 Coko Oven*.
4 84 **
4
4
4
4 8 & C » M n « .€ * » i Minn.
4
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U MITCH
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R
.
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1 .1 1
INVESTORS’ SUPPLEMENT.
[Vol. LI I,
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e
i n th e s e T a b le s .
Bonds—PrinciSize, or
pal,When Due
Amount Pate Perl When
Par
For explanation of column headings, <fcc., sec notice on
of
Where Payable, and by Stocks—Last
Bonds i Value. Outstanding Cent. Payable
first page o f tables.
Whom.
Dividend.
_______________ M IS C E LLA N E OUS.
Denver City Cable—1st mortgage, gold ...................... c*«fcr,
Denver City Water—General M. for $7,000,000 gold — o*
Denver Consolidated Gas—Stock.......................................|
1st mortgage, gold (see remarks)............................... c*
Denver Tramway—1st mortgage, gold...............................
Consol, mortgage, for $2,000,000, gold ................... e*«fcr.
Met.St. RR. Co.IstM . for$l,000,000($20,000 p.m.)g.gu.'
Detroit Gas—Underlying bonds.........................................
Consol. 1st mortgage for $4,500,000, gold...............c&r
Detroit Mack.d: Marquette L a n d C o —M. (inc.) red. at 100. r
Diamond Match —Stock—Listed in February,1893...........
D istilling < Cattle Feeding- Stock.....................................
6
1st M., $8,000,000, subject to call at par in 1903.........
East River Gas—1st M. for $2,000,000, gold, red. at llO .c*
Edison Electric Illu m in a tin g o f Brooklyn—Stock............
1stM. ($2,500,000), g., sub.to call a t l l 0aft.0c.l,1900 C
*<fcr
Edison Electric Illu m ina tin g o f New York—S tock ............
IstM ($5,000,000)g.,conv.,red.at 110aft.Sept.l,1900.c*
Equitable Gas Light Co. o f Neio For A
:—Stock.....................
First mortgage................................................................
Consolidated mortgage for $4,000,000, gold..................
E rie Telegraph & Telephone—Stock ($5,000,000)..............
Collat. tr. gold bonds, ($500,000) s. f., not subj. to call..
Fort St. Union Depot (Detroit) 1st mortgage, gold ....... c*
General Electr ic—Common s to ck .......................................
Preferred stock 7 per cent cum. (not pref. as to assets).
Debentures, gold, convertible........................; ...........c
IN T E R E S T OR DIVIDENDS.
Dato
1888
$1,000
1890
1,000
1891 100* Ac.
1,000
1888
1,000
189 0
1,000
1891
1893
1881
1893
1*000
1,000
100
100
189 0
i',6*do
100
1,000
189 0
1,000
1802
1,000
1,000
1892
100
100
1893
1891
100
1,000
1,000
1892
100
1,000
100
D e n v e r T r a m w a y . —Owns 18 miles of cable road and 35 miles of
electric railway in the city o f Denver, Col., and leases the Metropoli
tan St. RR., guaranteeing its bonds principal and interest. See
advt. of bonds Ch ro n icle Oct. 22,1892. Full abstract of the consol
idated mortgage was in Ch r o n ic l e , V. 52, p. 354. Denver Tramway
stock, $1,000,000; notes and accounts payable were $881,208 Sept. 30,
1892. From Jan. 1 to Sept. 30,1892, gross earnings o f both companies
were $737,790 against $611,548 in 1891; net, $216,233 against
$142,566. Office, Denver, Col. (V. 52, p. 350, 352; V. 55, p. 1036.)
$3,397,000
6 g.
1,288,000
5 g.
1.500.000 See text.
1.500.000
g g.
498.000
g g1.219.000
6 g.
913.000
G g.
2,000,000
2,000,000
3.143.000
>
9.000.
000 text.
See
35.000.
000 text.
See
6
(?)
550.000
5 g.
2.500.000 See text.
500.000
5 g6.866.000 See text.
3.250.000
5 g.
4.000.
000 text.
See
1.000.
000 6
2.000,000 .
5 ?•
4.800.000 4 per an.
260.000
6 g.
1,000,000
4igg.
30,426,900 See text.
4,236,900 7 per an.
10.000.
000 5 g.
J. & J. N. Y., Taintor & Holt.
M. & N. In defau lt-S ee text.
Q .-J . N.Y.,Maitland, P. < Co.
fe
J. & J. N.Y.,Atlantic Trust Co.
J. < J.
fc
Denver.
J. & J.
N ew York City.
J. & J.
do
Jan.
Nov.
Apr.
Nov.
July
Jan.
Jan.
F. & A. N. Y., Guar. & Ind. Co
A. & O.
See text.
6.—M.
Peoria, 1 1
1.
Q.—J.
Feb. 1, 1918
Oct. 1, 1911
Mcli 13,189$
See text.
1903-1913
July 1, 1942’
April, 1893
Oct. 1, 1940
May 1, 189$
Mch. 1, 1910
April, 1893
Aug. 1, 1899
Mar. 1, 1932
M ay 13, 189$
Jan. 1, 190$
Jan. 1, 1941
May 1, 1893
Jan. 1, 189$
June 1, 1922
J. & J.
Q .-J .
A. & O.
Q .-F .
M. & S.
Q .-J .
F. < A.
fe
M. & S.
Q .-F .
J. A J.
J. < J.
fc
Q .-F .
J. & J.
J. & D.
New York.
Brooklyn,
do
N.Y., Of.Pearl cor.Elm.
N.Y.,Guar. < Indem.Co.
fc
N. Y., Office, 340 3dA v.
N. Y., Central Trust Co.
N. Y., Central Trust Co.
Co.’ s Of., Lowell, Mass.
Bost. SafeDep. &Tr. Co.
N. Y. Central Trust Co.
Cos.Of., N. Y. < Boston.
fc
do
do
N.Y.,Gu.&Ind.Tr.&Bos,
1, 1908
1, 1910
1, 189$
16,1911
l , 1908
1, 1910
1, 1911
F a s t K i v e r G a s .—W ill supply gas in N. Y. City through tunnel
from L. I. C ity; tunnel under contract to bo com pleted'in 1893.
See application to N ew York Stock Exchange. V. 56, p. 503. Stock.
$1,000,000. Emerson McMillin, President. Office, 40 W all Street,.
New York. (V. 56, p. 503.)
E d is o n E le c t r i c I l l u m i n a t i n g o f B r o o k l y n . —Stock and
bonds listed on N. Y. Exchange in September, 1892. See adv. Chron
ic l e of March 12,1892. Sto c k increased from $1,500,000 to $2,500,000 in March, 1893. D iv id e n d s —From June, 1891, to Nov., 1892,4
D e t r o i t G a s .—Organized in November, 1892, to control all the gas p. c. per annum; in 1893, Jan., 1*4 p. c.; Apr., 1*4 p. c. quarterly.
properties in Detroit, Mich. Securities listed in April, 1893. See M o r t g ag e —Trustee Franklin Trust Co. E arnings —For 3 months end
application to New York Stock Exchange in fu ll in V. 56, p. 672. ing March 31,1893, gross, $85,309, against $50,859 in 1892; net ap
plicable to dividends, $37,378, against $19,197 in 1892. On March 31
Stock, $4,000,000; par, $50.
1893, bills payable amounted to $100,000. Of f ic e —Brooklyn. (V. 55*
D e t r o i t M a c k i n a c A: M a r q u e t t e L a n d G r a n t B o n d s .—Owns p. 551; V. 56, p. 625.)
about F,300,000 acres of land in Northern Michigan, along the line of
the Detroit Mackinac & Marquette RR. Lands are free from taxation
E d is o n E le c t r i c I l l u m i n a t i n g C o . o f N e w Y o r k . —Listed1
tiL 1895. Of the total issue of $4,560,000 bonds, $1,417,000 had been on New York Stock Exchange May, 1889. See in V. 50, p. 906.
purchased and canceled prior to July 21,1892, at prices ranging from
Sto c k .—In May, 1892, an increase to $6,500,000 was authorized, th e
29 to 39hi per cent. In October, 1892,2 per cent interest was paid at
Central Trust Co.; in 1893, April, 1 per cent. V. 55, p. 589. James final $400,000 of this having been issued in January, 1893. An
increase to $10,000,000 to provide for conversion o f bonds as necessary
McMillan, Detroit, President. (V. 54, p. 33, 328; V. 55, p. 589.)
and for other purposes was voted in March, 1893. (V. 56, p. 463, 538.>
D e t r o i t U n i o n R R . D e p o t . —See S u p p l e m e n t , January, 1893.
D iv id e n d s .—From 1885 to 1891, both inclusive, 4 per cent per annum;
D ia m o n d M a t c l i . —Or g a n iz a t io n , etc .—Organized in 1889 in 1892,Feb., 1*4 ; May, 1A Aug., I I 4; Nov., l x ; 1893, February, 1*4
4;
4
under laws of Illinois. Owns factories at Boston, Mass., Akron, O., per cent; in May increased to l 1 per cent quarterly; in 1887 an extra
^
St. Louis, Mo., Detroit, Mich., etc., nine places in a l l ; also store prop dividend of 7 per cent and in 1891 of 5 per cent was paid in scrip.
erties at Baltimore and Philadelphia, and saw mills at Ontonagon,
B onds .—In 1892 $850,000 5 per cents were issued and in Jan., 1893,.
Mich., with extensive pine stumpage tributary thereto.
$150,000. Mortgage trustee is the Franklin Trust Compauy. By their
Sto c k .—Increase from $7,500,000 to $9,000,000 was made in March, terms ttiese bonds were convertible into stock on the 21st days o f
1893, to pay for new plant, etc.
January and July, up to and including the year 1895, on ninety days’
previous notice; but in 1893 holders were allowed to make the exchange
D iv id e n d s .—In 1893, in March, paid 23 j per cent.
<
any time between May 15 and June 15. A fte r 75 per cent of the
A n n u a l R e p o r t .—F iscal year ends Dec. 31. Report for 1892 in V. outstanding bonds shall have been converted, the compauy can require
56, p. 245, showed net earnings, $1,050,979, against $802,816 in 1891. the conversion of the remaining bonds, or pay them off at 110, the
The balance sheet of the company is given b elo w :
whole issue being redeemable at same rate after September 1,1900.
BALANCE SHEET DEC. 3 1 , 189 2.
See terms in full in Su p p l e m e n t for March, 1893, on page 2.
Real est., machin’ y, etc.$6,285,469 Capital stock...... $7,500,000
E ar n in g s .—From January 1 to Ap ril 30, 1893 (4 months), gross*
Bills & acets.receivable.
644,089 Accounts payable.......
80,101 $431,059, against $311,831; net, $210,717, against $161,895; accrued
Cash.............................
177,814 Bills payable.......
22,000
interest, $53,633, against $37,500.
Matches,raw mat’l, etc. 949,314 Surplus Dec. 31,1891..
677,351
A n n u a l R e po rt .—Year ends Dec. 31. For 1892 full statement was
Pine lands and logs— 1,273,746 Protit for 1892.... 1,050,979
in Y. 56, p. 125, showing gross earnings $942,575; net applicable to
interest and dividends $475,137, against $347,229 in 1891. Spencer
Total assets............. $9,330,432
Total liabilities.......... $9,330,432 Trask, President. General Office, Pearl St., corner Elm St.—(V. 54, p.
D irectors .—O. C. Barber (President), J. Hopkins, W. H. Moore, G. 1,048 ; V. 55, p. 256, 639, 723 ; Y. 56, p. 125, 165, 463 538, 668, 700.>.
T. Smith, J. K. Robinson (Treasurer). Main office, 504 Pullman Build
E d is o n G e n e r a l E l e c t r i c . —See the G e n e r a l E lectric Co .
ing, Chicago. N ew York office, 88 Hudson Street. (V. 56, p. 245,403.)
D i s t i l l i n g Sc C a ttle F e e d i n g . —This company, incorporated un
E q u it a b le G as E i g h t . —See Su p p l e m e n t of January, 1893.
der the laws o f Illinois, Mar. 31,1893, held distilleries as fo llo w s : In
E r ie T e l e g r a p h Sc T e le p h o n e C o .—This company owns 65 p er
Illinois, 31 (of these 8 In Chicago and 14 in P eo ria ); Ohio, 16 (of these
8 in Cincinnati); Indiana, 11; Missouri, 8; Wisconsin, 2; Minnesota, 1; cent of the Cleveland Telephone Co.. 70 per cent o f the Northwestern
Kentucky, 7; Nebraska, 3 ; Iowa, 1; N ew York, 2; California, 2 ; total Telephone Exchange Co., and 70 per cent o f the Southwestern Tele
distilleries, A p ril 1.1893, 84. Also one alchobol works in Illinois and graph & Telephone Co., operating in the States o f Ohio, Minnesota,
3 in Iowa. Stock listed on New York Stock Exchange in September, North and South Dakota, Texas and Arkansas, under licenses from
1890. In December, 1892, acquired several distilleries. In Mav, 1893, Am. Bell Telephone Co. On March 31, 1893, these had 15,356 sub
the former owners of the distilleries were reported to be seeking pos scribers. Notes payable Apr. 1,1893, $45,000; bonds unissued, $240,000*
session o f the same on the ground that their rental had not been paid.
D iv id e n d s have been—In 1883 (6 months) 1*4 per cent; in 1884, 2 ^ ;
1886, 2 V , 1887, 2Lj; 1888, 4; 1889, 3%; 1890,4; in 1891*
D iv id e n d s .—In 1890 paid 3 per cent; in 1891, 5 p. c.; in 1892, 3^ 1885,
P- e.; in 1893, January, lL j per cent. Dividends were suspended in 4; in 1892, 4; in 1893, Feb., 1; May, 1 per cent.
For the year ending March 31,1893, the three companies controlled
January, 1893—see below, no dividend being paid in April.
G e n e r al F in an c es .—On January 28 the directors resolved that no report gross income of $941,813, (against $866,334 in 1891-92); grose>
dividends be declared or paid until the floating debt be extinguished expenses, inoluding dividends paid, $906,106; surplus, $35,707. F o r
and the rebate fund maae good. See full particulars V. 56, p. 205 the same period the proportion of dividends received from these com
On April 1, 1893, the company’s liabilities were: Rebates due the panies by the Erie Tel. & Tel. Co. was $226,295; dividends paid b y
trade, $2,198,287; balance due on the four distilleries last purchased, the E rie Tel. & Tel. Co. (4 per cent) $192,000; surplus, $34,295; ex
$535,000; bills payable, $300,000; ground rent, $35,000; total, pense account, $8,300; net surplus, $25,994. Office, Boston.
$3,068,287. In M »y, 1893, $8,000,000 of 6 per cent bonds were author
F o r t S tr e e t U n io n D e p o t (D e t r o it . )—Owns depot property a t
ized for funding floating debt and to enable company to do its own dis Detroit, Mich., which is leased in perpetuity to the Wabash, the F lin t
tributing business. See V. 56, p. 834.
& Pere Marquette, the Detroit Lansing & Northern, and the Canadian
A n n u a l R epo rt .—Fiscal year ends March 31. Report for 1892-93 Pacific. The lease provides for the payment o f a net rent which shall
be equivalent to all the annual charges and 5 per cent per annum upon
in V. 56, p. 621, shows as follo w s:
the total cost of all the property, to be paid by the lessees in monthly
Year ending March 31—
1892.
1893.
instalments. Capital stock, fu ll paid, $1,000,000; par $100. Notes,
Earnings from business............................. $2,466,086
$2,281,375
Earn’gs from contracts, rentals & interest
193,660
151,313 etc., May, 1893, $250,000.
G e n e r a l E le c t r i c C o m p a n y .—O r g a n iz a t io n , B usiness , E tc .—
$2,432,688 Organized under the laws o f New York, A p ril 15, 1892, and acquired
392,159 practically all of the capital stocks o f the Edison General Electric, the
875,000 Thomson-Houston Electric and the Thomson-Houston International
Electric companie . I t thus owns the Edison and other patents forBalance, surplus..................................
$326,743
' $1,165,529 electric lighting in North and South Am erica and grants exclusive
Cash and cash assets A pril 1............................... ........
3,188,809 franchises for specified territories to local companies whose apparatus
Liabilities—rebates, bills payable, e tc.........................
3,068,287 it supplies, its royalties in 1893 running from $1,500,000 to $2,000,000The follow ing is a comparative statement of sales of the company’ s per year. The lighting apparatus is sold almost entir* ly for cash,,
but in settlement for licenses and territorial rights the company
product, covering the last four fiscal years, viz.:
becomes a largo holder of the securities o f local companies, whieh it
Bales for fiscal year.
Gallons.
Sales for fiscal year.
Gallons,
sells from time to time through the United Electric Securities Company
188990................40,832,220 189192................ 45,661,717 aud other chanuels. Its railw ay apparatus is sold for cash and veil
189091................ 44,738,171 189293................45,087,634 secured uob-s—about 80 per cent of the former and 20 per cent of the
D irpxttors and Officers.—Directors are for one year, J. B. Green hut, latter. See V. 56, p. 79 J for President’s statement.
W. H. Corning, J. Walter Freiberg; two years, P. J. Heunessy, Nelson
The annual report for 1892-93 states that while the company ias
Morris. Julius E. French; three years, William N. Hobart. Lewis H. about 6,000 customers included in the different departments of its
Greene and John E. Boggs. President, J. B. Green hut; Treasurer, business, the important development is in the direction o f local lighting
Wm. N. Hobart; Secretary, P. J. Hennessy. Office, Peoria, 11
1. (V. 53 and railway enterprises. The total number of central station lighting
p. 21; V. 54, p. 6 82; V. 55, p. 856, 1035; V. 56, p. 205, 463, 621, 834.) companies using Edison and Thomson-Houston apparatus on Jan. 31 *
Total earnings...............................
$2,659,746
Expenses paid.............................................
442,306
Dividends paid...................................
1,890,698
M , 1 9 .]
ay 8 3
inSCELLAifEOUS
STOCKS
AKD
BONDS.
155
S n b «< r ib e r s w i l l c o n fe r a s r e a t f a T o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n t h e s e T a b le s ,
Rands—Prin ci
IN TE R E S T OR DIVIDENDS.
pal, When Due.
I Size, or
Amount
Rate Per When Where Payable, and by S lo ck s —Last
| Par
Outstanding Cent, Payable
Dividend.
Whom.
: Value.
MISCELLANEOUS.
For e-xolanatlon of eoltmm beadlags, Ac., see note* os
first page ot tables.
; .*11,000
100
500
E ~ t r i e — ( Cen.i—T7H.El.eol.tr.,g.1
red.at"l05 in ’ 99.C
ffold J tS to c k fe i.—Stock,rentalguar.bp.e.99yra.M.U.TeL.
jtonfig, not m ortgage. ...... —. ............ . . . . . . . . . . . . . . . . . . . c
H en d e rs o n B r id g e Co.— 1st M.. gold, drawn at 105....... t r
H e r r in a -t r a il i l a r v i > t - C o m m o n stock..............................
Preferred stock 8 per cent cumulative...........................
I l l i n o i s M eet— stock, $ 5 0 ,0 0 0 ,0 0 0 authorized...................
Debentures, stltij’t to call at 105, convertible into at’fcc*
Kou convert!si*! debentures for .87,000,060............. .
In t e r io r C o n d u it— S t o c k . ................ .........
....
In t e r n a t’t O ten n r e t w a p h — S to c k . « p. 0.09 yrs ,W. L nitm
I r o n Stetw thim l C o m p ,™ *-.stock......................................
1,000
100
100
[
i^,5p.o"eum .).-e
1 st mortgage, gold................ . .....................................
l e k i . j h C oa l ,i X a ri.y u tlo H —S t o c k . . . . . . . . . . . . . . . . . . . . . . . . .
1 s tM .. canal. 6 ,0 w a ffe * contend 76 to. L. Jc B. K R .. ,..x
1st mort-, Leb. ASus. RR.Mauch Chunk to Easton...... r 1867
2d M. Can. Coal A RR. and l i t >1. Nant. RR., gold....... c * 1S67
C o m . 3d M. Canal, Coal &122 m. RR.; 2d M. 26 m. R R .r 1871
-Generalmortgage t o r $15,000,000, s o l d . . y . . . . . . 1884
D elaw areB lv: Canal 1st M „ tot, guar. (ext'dtol878>.-C
. ..
- • L « Coal & '* av.M„g.* t u r n e d
*- N
.....
I s M .g h & — n e sh 're C txd — - e h . W iik —
Lehigh Coal A S a vi gat ionmort.cou vert. goia,aaswmed-.
Sterling !oaa,siakingfnna, drawn at 10O............- .......c.
Con*oL mort, ($6,116,000 income held by C en t >7 J j . c
Sundry real ©Mate m o rtga ge s ........ . . . .. .. . .. . — .....e
18o8
1867
1869
1874
1875
1 &
io o
100
100
500
100
100 ic .
50
Various
Various
500 Ac.
1,000
1,000
1,000
500 £e.
500 *0£200
1,<XK>
....
$500,000
5,000,000
500,000
1,810,000
1,500,000
1,300,000
18,650,635
6,200,000
See text.
1,250,000
3,000,000
2,000,000
*43,000
10,000,000
10,000,000
14,306,650
5.000,000
2,000,000
1,842,500
2,460,000
3,656,000
494,000
500,000
649,500
831.000
11,500,000
167,313
5 s. j . & j . N.Y., Holland Trust Go.
6 per au. Q .-J . N. Y .f West, Union Tel.
July 1, 1919
April, 1893
May 1, 1895
Sept. 1, 1931
Sow,
Moh.10,1S93
ADr. 1, 1893
Jan. 1, 1910
Apr. 1, 1913
6 her an. Q , - j .
See text.
s
J. i J.
See text.
Q .-F .
5 g.
See text. M. .t N.
Q .-J .
6
Q .-F .
J. & D .
« g-
Apr., 1893
Oct., 1892
July 1. 1901
Juup.15, 1893
May 1. 1919
May 25,1893
July 1, 1911
Feb. 1. 1S97
Dee. 15,1897
.Tune 1, 1911
Max 1, 1924
July 1, 1898
Dec. 15,1897
Sept. 1, 1894
May 1, 1899
June 1, 1000
51. * N.
do
do
6
6 g. M. * S. S. Y ., 120 Broadway.
. ...
N. V., bv check.
8 per an. Q . ~ M .
N.Y., Metro polltanTr.Co
See text.
J. & J, N, Y „ C., 51organ * Co.
5
Semi-an
N. Y. (Sty.
5
7
J. & V .
4 ,b g . Q .-F .
6 ' J. A- J.
6 g. ,T. * J>.
6 g* M. A S.
M. & N.
6
Q.—M.
7
6
K. Y., West. Union Tel.
N. 5'., P ier 1, North Kiv.
X. Y., First Vat. Bank.
N. Y .,11.B.Hollins; St.L,
do
do
Pliiladelphia, OUlee.
do
do
do
do
do
do
do
do
do
do
Phil,a., 226 So.Third St.
Phil£i.,L.Coal A- Nav.Co,
do
do
New York and London,
do
do
New Y'ork.
D iv id e n d s .—For 1889, 4 per cent; for 1890,3 p ercen t In cash, 5
1393, wan 1,277, -»iippiyliut about 7,500,000 incandescent and about
110,000 ar© Liiapi. “ The growth ot those companies has been phenonr- per cent stock; for 1891 none; In 1893, March, $13 51 in scrip, and in
A p ril 5 per cent in cash.
•ecai, and it is very satisfactory to note that those which have been
longest are making: the most rapid increase in size o f plant
A s m vl R ei o k t .—A nnual report for 1892 in V . 56, p. 287, showed
and volume o f Inutim-AA.** The electric railway companies equipped ; net earnings from May 2, 1889, to D e c . 31, 1892, o f $6,117,882, o f
antler its patents were as follow s:
which $2,019,268 from operation* o f year 1892; dividends fo r years
Feb. 1,1891,
1892,
1893. 1889 and 1890 (7 p, <\ in cadi and 5 in stock), $2,129,318; scrip d iv i
214
435 dend March, 1893, $2,519,701; cash dividend April, 1993, $932,532;
Total number ope rat g tmfieir contract..... 151
2,790
8.386 balance undivided surplus Dee. 31, 1892. $536,331. In 1892 com
Total number o f car? H actim l operation .. 1,578
4,927 pany received 3,004,964 tens o f raw material and shipped 784,732
2.315
Humber o f mile# o f r td in act,n m Opcraf'a, 1,*252
Catstju. Sto c k .-— he total authorized capital stock is $50,000,000, ten* o f finished product The total number o f ears o f material handled
T
was
-of which 610,000.000 may be pref. 7 per cent cumulative, without bd* o143.534, and wage* and notaries were $6,522,352.asAverage ; autaf men e®j|»tofid R|’t day 8,208. Balance sheet Is
fo llo w s
preference m to principal, hat with sauae voting pow er as common,
eos-Dsaeik# bveauck m m r r - December 31, 1892,
.gee preferred certificate in editorial o f May* 1,893, 8 o u *lij» r n t ,
•ut*?«nd’ g-$i8,650,635 ] Beal estate, equipm't,
JMv tPENM,*-*Th« General Electric on com men stock paid in A a jju d ja p , st
etc.. Jan. 1,1893....$18,194,815
■
er* 2 ; to 1893, February, 2 ; May, 2 per coat,
.1892, 2 per cent
3,510,705 Mater inis,Ac.,on hand. 10,213,391
Bills p#,
eral Electric wtBBiffl i t e d t - l u 1392,104
PktCK o r B r m
Aeeoun f » pavabh .etc. 4.112,877 € m h on hand.. . . . . . . . . 1,014,830
*3
2X9%; Is 1993, t- May 1 Indus
82-4,915
403,040 Bills receivab le.........
Itoserce ram i............
m m m . - r b 0 4* m b iu r m are all *■onvertlble Into stock at the rate 1in*. Ma r, 1o A An. 2733 3,452,232 Accounts receivable. , 3,264,727
#120 in bond », (B m t t m m In 3 tspid.it%.%n t of Undivided surj»lus ...
o f f t 0 0 in s t m t
536,331 Securities, e tc .. . . . . . . . 3,353,142
“ *
V, 55* p 146.} A * to the Thotiison-*
Af*rch. 1893, on page 3; »h
m SfiFyt.RME.VT for J anuary, 1833.
bond
llo iis t e a c o lla te r a l t r a *
,$36,865,820 f Total
. .. .. ...$36,885,820
Total ImblUflC
eai year
vjr 34. Aw&wfcl meeting is f om.-e. Rookery Bulbllng, Chicago. (V. 56, p. 2 8 7 , 402,419.)
A m v x t . BK fom
st report tin t i rial me nth« anlyi I
in April.
held the -econd Ti
wan published to. full to Gflftosoote* V, 56, p. 625, show lag d ata a* \ i n t e r i o r C o n d n if «—Se© Sij c pl e u e s t o f January, 1893.
x
8dH»fe given and surplus for the eight months after payment o f three [ I r o n 8 te a Hi h o a t C o r a p a n y , - ^ © S14T1.s iie . i o f Sept, 1892.
quarterly « tw v a u .i w S2 per cent each o n c o m m o n stock* and one
L a c le d e 6 » m
This St* Louis com patty w as incorporated In
' r cc-nt on the prof«;rrf*l o f #l,024Jf5-t, i
annitil dividend o f 3
857; lit 1889 it ©ante into control o f all th e Other g a s com panic© to 8f*
:expl *ius the items o f th# balance she*
■
m p p m r b e lo w . The r*
/nils, th r o u g h ownership o f their securities. The Laclede's contract
curt tie# owned are entered at a modit the
condom
e'lty o f St. Louis, running to 1.910, permits It to ©burg© ooae m te r n i n M lo n .
j: ‘uimcrs $ 1'25 pet IO00 cable fe e t The city sought to annul this contract, but ItV a s sustoluod to the courts, itoisrKRfte» St o c k Is 5 per cent
BALANCE SHEET JAN.,3 1 , 1893, a s p nta t x m e n t to r 8 M 0 W titS .
ve, end to May, 1892, there was l l h p#?r cent- o f acoumulatod
f eitmubill's
MmU.
L tm b iU tie s
<
s ns
ed have been—to
O
m om .’ l l *i ton Kfec.Go. $8,416,831 ! Com!fB Wstock,-, . . . . . . . 830,426,00 0 1divldcmls lunpaid. D iv id eDee.,on prefers1893, March, I d 1892,;March,
H ; Sent. 1M;
I H i In
p. e Jnoe,
4,236.9*8» i ;V
EdUoa clem Eire. Co*. 8,633,208 V v t> srred stock
1,212,000 D e M mtetre bom la....... 10,000,000 J * *4 p- e. Central Trust Co. is trustee under the mortgage. See apt>iiea»
XML. Intern- d «c * Co.
ock .ExebaiiKt* in V. 49, p. 857.
832433 1uou w
210,801 ^ Acer u**4 ist- cm deb a ,,
Edison h t e f r M * m ore
§7,922 i Dtvblend# unpaid.,, -.
608 In 381 K u ivrvro#.—From Jan. I to April 30, 1893 ?4 months), net, $276,324,
Other real m t m e . . . . . .
t r k C. E .S w iM M Co. 1,231.370 1Notes, e t c ., puyabb* .. 4,351.347 j against ft*239,214 to 1892.
1,000,000 f Sitrptua Jan. 31,. 1693. 1,024,954 1 As hi?AI R Kfoirr.—Statement for 1892 In V. 50, p. 126, showed net
Canad’n
W «r. » V k
l
1,3001
........-——~~ f earnings from gas #659,195; net from Carondidet, etc., $38,895; total,
Excelsior LW Sno st'k
‘
352,3501 To!tal liabilitire,____650,934.0 73 |
Ft- Wayne RtoTrie st'k
. fiKiilad #562,160 In 1891 and $513,749 In 1890 ; Interest on
155,000 } ST A T K H K S e rS M m . TO J an , 31,181bi* | t'M jd , $5; ,000. la 1892 the sales of gnu to private consumers (the
Jforthw. 6# a.jRlec. st*k
H .M *
00
from hnsine-m
MDeellaneoul m * . *V%
71,566 I Net®
eontract with the city having expired) were 929,611,400 cubic feet,
i
stocks o f
comp'#. 5,772.6221 «m ?r all oxn*«, d» dn
$51,110,200 In 1691 and 726,576.200 to 1890. Hew York
__ s against %
Bonds
dm
do
, 3,4O»>,0291 tloim forbad debte.eb
office, 40 ’ Vail S treet—(V. 52, p. 321. 496, 718,899, 939; V. 50, 126.)
3,871,033 I Intelfret and discount
C m h ........1 .. . . . . . . . .
80,5 13 i
152.0I T ' L r h l g l i C o a l A H a v le a t lo n . —Ow-n#©anal from Coalport to RosNotre reretiph!©....... 3*151,950 1 Interr e t on debetiture-v
.. 1,971.056 ton. Penn , 48 miles, and T e m e s Delaware Division Canal, 00 miles.
Aeccwat* tw ^ h r b b ls ,, 7,078,871* j Dtvktends * * , *
tove»tori.e«
l(*p„ c- 2,076,502! Pate DM, eharsred of? .
116,1:51 |ih o o w tu Lehigh &. Susquehanna Railroad, Phiilipsburg, H. J., to Union
2,207 982 SSiHT*In# cart'd forwari \ 1,024,9-54 ! Junction, l i t , 105 miles, with branches, 50 miles, and leases for 999
W c r k In pronrt m . . . . . .
— j years S m quehoulng Valley RailroiMl. 17 mile* ; Trescow Railroad, 7
4
33 miles; oth t tines,! 7 mile4; total, 202 miles; but all these roads are leased
Total
. . . . . . . , $50,934,973 |
Chairman o f
‘ ears from 1871 to Central o f Hew Jersey HR., rental being
1893-CH: fl* McK. Twomhly. «
D jeecto #. fo r the f t
dL 33% per c rut o f gros# earnings, with a minimum rental of $ 1,1 I t.400.
the Board | F, f » Am *, C. II. Coster, Cl A . Cofiia, T. JeiShcaoii Co
®-:
idg% Jr,, T A. EdJ.*otsi, F, B. Hastings% H L. U ig g im (OB, Edgeno 1 B o s m - -The Cent. R E - o f Hew Jersey assumed (in purchase o f ooulp|meat) $ 2, 110,000 o f the gold loan due 1697, and the Lehigh A WilktssOriffin, D. f . Mill#, J. P iennuit MorganOfllcers.^f^csMcnf, C A, Coffin- Treasurer, A. 8. Beve*; Secretary* j barre Coal Company assttmod $500,000 o f the gold loan duo 1897 and
*.
Wh f, fiarfisd, Hew Turk; othre Edison Btiildiny, Broad St.—<V. 54, p. $649,500 (fdl) of the convertible gold loan due 1894, additional to
280,287, 128, 443, 507, 683,761, $00, 815,1047,1050; V. 55. p. 140 amounts in table above. The general mortgage of 1884 (tntatoe, Fidel
ity Insurance company of PhllodetohJa) covers, subject to prior bends,
500.107911 i l l ; V* O0, p. 206. 538; V. 50, p. 621, 8 3S , 668. 792,1
7.460 acres coal land, 48 miles canal and 161 miles railroad, estimated
(Soldi d .M o c k T e l c r r a p h (to*—Operated by Wcateara Union to. 1884 its together worth $25,278,000; bond# are reserved to retire all
T gfiegrap?0’ompa n r by contract tor 1*9
from January 1,1882, at prior Issues not assumed b y other companies. Securities owned by com
*6 p*br. fb a ip er annum on §to#St and bonds.
pany are put in balance sheet as equal to $3,0711*902, BUI# payable
Ifen d d fiio tn H r it lg c Co*—Stock Is $1,000,000 fpar, #100), of j Jan. 1, 1# 3 , were $250,000$ Central o f K. J. loan account, $.101,889;
which tfaueiilsriL1e A Hashvlllc Co. holds $501 ,OO0• lb© B r id g e Co. j ground roots, mortgages, etc., $370,155.
is jpasirMifdid gtoes receipt# o f $209,000 per year by the several roads j DrvnuvVto.—In 1881* 2 p erc e n t; In 1882,4; to 1883,5%; in 1884,
ttsfng It fcd dlrldeticis m 2% per cent arc paid each F. A A.
6; la 1885,5%; to 1880,4%; in 1887.4; to 1888,4%; in 1869,5; to
M e r r i| s g * fIa Ito V f«r v ir i C «*t»p a »jr*-«-O »0 ASIAATlO'Sf, fBOfERTT, j 1S90, June, 2%; December, 2%; in 1891, May, 2%; November, 2%; to
w to . —■Orgi.il1/
.Ifay, 1892, to lake over and <s*rry on. the business j 1$92, May, 2% per cent; November, 3; to 1893, May, 3 percent.
fire and burglar-proof safes and vaults, which, f A n k c a l R e v o irv. —Report for 1802 was in CitnoNXCbB, V. 56, p. 330.
o f .TOtodSetr
torm crlJbeb
to the Herring* H all. Marvin, etc., companies. 1
1890.
1891.
1892.
0.1-o f May 14,1802.
! l > « r e n d in g D t t , 31.
From rallroiMiB and Nesque. Ttiiujiel.$1,766,174 $1,835,754 $1,745,474
8T0€9®***
■ preference to &
s
§8i
rell m Income, Com- Canals....................
45,518
38,161
31,344
rntitt is ,| b !
surplus cannings. when «ie e h ir t*1 in dividends* Net profit Oh Lehigh C o a l.............
»
148,049
158,837
343,077
4 o f 3 iif'E cent, on th*y p i rfiferre*1,‘* N<a bond or morf- Royalty on coal mined, dec................
after t M m
105,303
96,808
104,817
gags 6m m
(
taout- consett
t 00* per re:lit o f prefeired,
$2,063,049 $2,1*29*560 $2,224,711
■eceipts.______ . .. .. .. .
Total receipts
red: In 1892* Dece mber, 2 per ^ent fjnarterly.
c
m m
$1,140,121 $1,147,223 $1,230,067
fix m
/profile o f th
tiidftto1 comflanlre averaged fntere«L rentals, taves, & c . .....
99,150
96,790
99,857
tsC-m sink. id. o f 10 p.c. p. ton on coal.
$276*3s ) to
i ending, in 1im i
tet prof
181*1, $316,790.
107,533
100,6BO
50,058
Less depree'n on coaiiinprov'm’ts.Ao.
. C I f all. Pro:slds
: John Farrs?1. Willis B* Marp m
. Wright l». p
v is, fir
6 . Be.
1 M e tis it'd T. Pullen, William Surplus for yea r.. . . . . . . . . . . . . . . . . . . . . . $718,445 $784,867. $844,729
,
,
FL H i 1 *11
iregoi'og having be
m b e t * t>f the old companies; Dividends................................... .
(6)711,484 f5)715,150(5%)789065
, S m c ] p i llm w m m . J r ,
nd w in iani 8.. Bowe, Clnelii
Dy
Rich#*l
T o ?a 1 to credit o f div. fund Dec. 31. $897*274 $966.991 $1,022,655
n a ti;./
b ! i m ivi», New York. T rani«fer office,, 71 Broad way.
l i i a a l t Rteel
aAvrzATiov--Pc»ftrted Ma ¥ % U 189, by consol- —(V. 50, p. 27 1; V. 52, p 320; V. 54, p. 3 0 4 ,3 3 0 ; V. 56, p. 33 0, 700.)
idffctito o f tibe Jo!ilet St«?elf I'nion i d m l and North fh lea eo KoliiHif Mil).
It e h fg ft Sc W l l k c s b a r r o C o a l. —This company, controlled by
M m &s‘tome
Stock Exchange in 3l.fiIMt», 1893,, v . m , ,>.419,
the Central RR. o f New Jersey through ownership o f $0,600,000 o f the
^S.— A a to terms o f consrctltibic bond?so f 1890, see 8UPPI.E- stock, owns 21,060 acres of anthracite coal lands and bolds 3,000,
Satc\
-893, ( m P»*h 3 l n I*et»iuiary, 1
1803, i rr*000,000 non- additional acres nnder lease, rt operates thirteen collieries and leases
M w r t o f Missreh, 1
about 4,000 acres of its coal lands to various individuals, who operate
m u debetiipip es were creates1 to•r new mil]Is, etc, V. 36, p .2 9 8 .
156
INVESTORS’
SUPPLEMENT.
[V O L. L V I .
S u b s c r i b e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g i m m e d ia t e n o t ic e o f a n y 'e r r o r d is c o v e r e d ; ! n t h c » e ]T a b lc s .
MISCELLANEOUS.
Date Size, or
Far
of
For explanation o f column headings, &o., see notes on
Bonds Value.
first page of tables.
IN TE R E S T OR DIVIDENDS.
Amount
Rate Per When Where Payable, and by
Cent. Payable
Whom.
5
M. & N. N ew York and London.
Lehighdt Wil. C o a l-(C o n .)—5s of 1912, oum.s.f (notdr.).c 1888 $1,000 $2,872,000
2.353.000
Income “ B ” bonds,not cumulative, held by Cent. N.J..
Too 30,0d0,000
Long island Traction—Stock.......... ........
100
6, 000,000 See text. A. & O. Louisville, Co.’s Office.
Louisville Railway Co.-Stock ($2,000,000 is pref.)-.-1.400.000
6
Various N.Y. Cont.Nat.Bk.&Lou
Bonds o f old co’s (of wbicb $1,000,000 payable in gold) ’ 64,-88
1,000
4.600.000
5 g. j . & .j. N.Y.,8eligman&Co.&Lo
Louisville Ry. consol, mort. for $6,000,000, gold.......e 1 1890
1,000
1.250.000
Madison Square Garden—1st mortgage, go ld .. .. . . . . - - - .o’ l 1889
5 g. M. & N. N. Y., Merc. Trust Co.
1.300.000
1 ff. M. & N. N.Y.,Corbin,Bkg.,192B.
Man. Beach Hotel < Land—Gen. M. for $1,500,000 gold.c’ 1890 500 &c.
£
100
8ee text. See text.
....
New York, 1 B’dway.
Maryland Coal—Stock (see te x t)............... .. .........
1,000
86,000
7
M. & N.
do
do
1st M., drawn at 100 (s. f. liaBretired $164,000). . .. .. c
500
3.000. 000
1888
J. & J. N. Y., Lond. & Ams’dam.
MaxwellLd, Gr.—P r’r lien M.g.,red. at 100 (or 110 at mat.)(
6 g£100
£ 12,100
Income M.(£987,100 pledged under prior lien M .)...... 1880
100 $30,000,000 See text. J. & J.
Metropolitan Traction—Stock, $30,000,000 authorized...
1,000 1 1.962.000
1888
M. & N. N. Y., 18 Cortlandt St.
5
Metropolitan Tel.<•Teleg. Co.—1
£
ioo : 2.000. 00010 per g. Q .-J . N. Y., Office, 37 W all St.
an
Mexican Telegraph—Stock.......................... - - - - - - - - - - loo ! 2,000,000 See text. A. & 0. N. Y . Gnar. & Indem. Co.
Michigan <•Peninsular Car—Common stock $3,000,000.
£
100
5.000. 000 per an. Q .-M .
do
do
8
Preferred as to assets and dividends (8 p. c. gold, cum.)
1,000
1892
2.000.
000 5 g. M. & 8.
do
do
1st mortgage, gold..............................................
100 16,500,000 6 per an. Q.—J.
N. Y ., Mills Building.
Minnesota Iro n Co.—S to c k ....................................
M orris Canal—See L ehigh V alley R ailroad —
100
See text. Q.—F.
See text.
National Cordage—Common stock (see te x t).........
100
8 per an. Q .-F .
do do
Preferred, 8 per cent, cumulative (see te x t).................. —
Security Corporation bonds and notes—
250.000
1891
M. & N.
6
Deering & Co. mortgage notes............
1891
1,0 0
0
Boston, Old Colony Tr.
675.000 !
6 g.
1891
373.000 1
Various
Various other 1st mortgages........................
6
1,000
1 1891
4,466,000 1
I
6 g. M. & N. N.Y.,Manhattan Tr. Co.
Sec. Cor. 1st cons. M.,g. ,$6,000,000 (int.paid a
collieries thereon. Stock .—$10,000,000, o f which $9,212,500 out
standing, $6,600,000 o f this being owned by Central N. J. Bonds.—
A sinking fund for bonds due 1912 is provided from sales of surface
lands and from payment o f 10 cents for each ton of coal mined on
property included in the first lien ; no drawings. Only $54,000 o f the
company’s consols are guaranteed by the Central RR. o f New Jersey,
the holders of the other bonds endorsed having freed that company
from liability therefor, on condition that it shall not collect interest
on the $6,116,000 consols which it holds prior to their maturity un
less such interest is earned. The Central Jan. 1,1893, owned $2,353,000 of the incomes and $4,188,192 consoL mort. coupons past due, and
bills payable outstanding were $1,232,937; bills and accounts re
ceivable $1,155,542.
The annual report for 1892 showed total receipts of $6,506,821,
[against $9,449,683 in 1891]; net over operating expenses and taxes,
$1,271,495. (against $1,015,282 in 1891); interest and sinking fund
charges. $972,712; balance, surplus, $298,783, from which paid 47s
per cent on consols owned by Central o f N. J. (V. 54, p. 405. 683; V.
56, p, 42,792.)
,
L o n g I s l a n d T r a c t i o n . —Formed in December, 1892, to lease
through the medium of the Brooklyn Heights RR. [whose stock it owns]
the Brooklyn City RR., with lines aggregating 84 miles o f main track,
which are being equipped with trolley. Tin- lessee guarantees 10 per
cent on $12,000',000 Brooklyn City stock and is to pay all fixed charges,
etc. The Brooklyn City stockholders were given the option of sub
scribing to $27,000,000 of the Traction Company’s stock at 15. See
Brooklyn City among street railroads at back o f this Supplement and
annual report for 1891-92 in V. 55, p. 214 ; also particulars as to lease
in V. 56, p. 42, 288. Control of the Broadway line of Williamsburg
w as acquired in May, 1893.
L o u i s v i l l e R a i l w a y C o .—A Kentucky company, which has ac
quired by purchase all the street railways in the city of Louisville and
its suburbs. The lines operated in 1891 and 1892 aggregated 112 miles
of double and 21 miles o f single track, of which 47 miles of double and 3
miles of single track by electricity; the remainder by mules. The real
estate of the company is valued at $750,000. To equip remainder of
system with electricity, it was estimated in February, 1893, would
cost $1,200,000, of which $315,000 was available.
Stock , E tc.—A fte r April 1,1893, common stock w ill be $4,000,000;
preferred, $2,000,000. The consolidated mortgage bonds were listed
on the N. Y . Exchange in June, 1892. D ividends .—On preferred in
1892 5 per cent. E arnings .—For year 1892 total gross earnings were
$1,270,827; net over operating expenses and taxes, $481,378; interest,
$314,036; balance, surplus, $167,342. In 1891, gross, $1,188,822.
J. B. Speed, President.
M a n h a t t a n B e a c h H o t e l & L a n d . —See Supplement of Sep
tember, 1892.
M a r y la n d C o a l C o .—Controls 6,000 acres of land in Alleghany
and Garrett counties, Md. In 1892 produced 286,213 tons o f coal,
against 406,464 in 1891. Surplus earnings in 1892 over Interest,
etc., were $96,948; dividends (2% per cent) $94,500. A readjust
ment of stock is pending, and till June 15, 1893, stockholders
can exchange their $4,200,000 stock for $2,000,000 preferred. This
preferred stock w ill be entitled to 10 per c*-nt if earned, and upon it
the company proposes to pay for the present 5 per cent per annum.
See fu ll particulars V. 56, p. 246. D ividends: In 1890, l 1 per cent; in
^
1891, July, 1 per c e n t; in 1892, Jan., 1% per c e n t; July, 1 per c e n t;
in 1893, Jan., 1% per ct.—(V. 54, p. 3 64; V. 56, p. 127, 245, 246,625.)
M a x w e l l L a n d G r a n t C o m p a n y .—Owns 1,714,764 acres iD
Colorado and New Mexico containing coal, timber and land fit foi
grazing and agricultural purposes. (See map in Supplement o f March,
1889, and prior issues.) The prior lien bonds are payable at 110 at
maturity, or redeemable at par from proceeds o f land sales. In 1891
interest was defaulted and is now paid with prior lien bonds, or cer
tificates convertible into prior lien bonds. Stock, £950,000. In
1890 land sales 18,409 acres, for $151,938. In 1889, sales 26,399
acres, for about $170,818. (V. 53, p. 223 ; V, 54, p. 367.)
M e t r o p o l i t a n T e l e p h o n e & T e l e g r a p h C o m p a n y .—This
company has exclusive rights under a perpetual license from the
American Bell Telephone Company to the telephone business within the
city of New York and its suburbs, its territory having a radius of 33
miles from the City H all in all directions. Stock, $3,500,000 (par, $100.)
M e t r o p o l i t a n T r a c t i o n C o .—Organized under laws o f N. Y. to
control horse railroad compauies iu,N. Y. City. It controls by ownership
of stock or by lease the Broadway & Seventh Avenue, the Broadway
Surface, the 23d Street, Houston West Street & Pavonia Ferry, the 6th
Avenue, the 9tli Avenue, the Metropolitan Crosstown, the Belt Line
and the South Ferry railways, all these, except the Twenty-third Street,
being leased for convenience in operation to the Houston West Street
& Pavonia Ferry. The 42d St. & Grand St. Ferry is to be leased to the
Metropolitan Cross Town and the Houston West Street & Pavonia
Ferry companies and the 23d St. to the H. W. St. < P. F.
fe
Securities .—The funded debts, stocks, etc., of the several com
panies w ill be found on a page at the back o f this Supple
ment
under “ N ew York and Brooklyn
Street
Railroads.”
In 1891 dividends were 4 x>er cent; in 1892, January, 2 per
cent; in July, 1 per cent. The company was reorganized in
September, 1892, under the laws o f New York State, and stock
increased from $20,000,000 to $30,000,000, See V. 55. 421. N. Y.
office, 761 Seventh avenue. (V. 53, p. 325; Y. 54, p. 367; V. 55, p
167,297,421,723.)
A‘
M e x ic a n T e l e g r a p h . —Company organized in 1878 under laws of
New York State. Has a cable from Galveston to Tampico and Vera Cruz.
738 m iles; land line, Vera Cruz to Mexico City, 267 miles. Also direct
Bonds—Princi
pal,^When Due.
Stocks—Last'
Dividend.
Nov, 1, 1912:
0)
var.1894-1909
July 1, 1930
Nov. 1, 1912
Nov. 1, 1940
Jan. 4, 1893
Nov. 1, 1896
Jan. 1, 1913.
July 16,1892
May 1, 1918
Apr. 15, 1893
Apr. 1, 1893June 1, 1893
Sept. 1, 1942.
Apr. 1, 1893
May 1, 1893
May 1, 1893
by Nov. 1,1901
Au.l5,’93tO’0L
Var., 1893-96.
Nov. 1, 1911
cable from Galveston, Texas, to Coatzacoalcos, Mexico, 825 miles, dup licating the Mex. Tel. and Cen. & So. Am. Co.’s G ulf cable system. Has
exclusive right for 50 years for all foreign telegrams to Mexico,,
except telegrams to and from a neutral zone on the United States
border 156 miles wide, between the Gulf and Pacific Ocean.
D iv id e n d s —I n 1882 to 1886, inclusive, 8 per cent yearly; from 1887
to April, 1893, both inclusive, at rate of 10 per cent per annum.
E arnings , &c.—Company owns 1,362 shares of the Central & South
American Telegraph Co. Gross earnings for year 1892, including in
come from investments, $358,000; net, $279,000; dividends, $191,*
260; bal., sur., $87,740. J. A. Scrymser, President, 37 W all St., N. Y .
M ic h i g a n - P e n i n s u l a r C a r C o . — Organization , E tc . — An
Illinois corporation formed in 1892 b y consolidation o f several Detroit
companies, with an aggregate capacity of 100 freight cars a day.
Business established in'1864. The real estate, working plant, machinery
and appliances were appraised at $5,605,787, and the cash assets at
$1,297,000. See adv. Chronicle July 16, 1892. Stock and bonds listed
in New York in January, 1893; see application in fu ll in V. 56, p. 208.
D iv id e n d s .—On common in 1893, April, 5 per cent.
N et E ar n in g s .—For quarter ended Nov. 30, fifteen days approxi*
mated, were $227,000; surplus over interest and dividend on pre
ferred $102,000, applicable to dividends on common.
D irectors.—Hon. James McMillan, Detroit, President; Hugh M cM il*
Ian, Detroit; W illiam C. McMillan, Detroit; Frank J. Hecker, Charles L.
Freer, Watson M. Freer; Edward F. Lawrence, Chicago; Hon. Russell
A. Alger, D etroit; George R. Turnbull, New Y o rk ; Matthew Addy,
Cincinnati. (V. 55, p. 86; V. 56, p. 165, 206.)
M in n e s o t a I r o n C o .—Owns about 14,270 acres of land and six
iron mines in St. Louis and Lake counties, Minnesota. Owns also $500,000 stock, $400,000 1st mortgage bonds and $3,500,000 6 per cent
income certificates o f Duluth & 'Iron Range RR. Co. Dividends—In.
1890, 3 per cent; in 1891, 6; in 1892, Jan., 1*2 per cent; April, iq»;
July, l 1 October, lV , in 1893, January, l 1 April, l*s p. c. Stock
^;
^;
increased by $2,500,000 in 1891 to acquire capital stock o f Chicago &
Minnesota Ore Co. (owning 24,211 acres of mineral lands, etc.) Offices,.
Mills Building, New York, and Chicago. (V. 54, p. 119.)
M in n e a p o lis S tr e e t R a i l w a y . —See T w in Cit y R apid Ci t y .
N a t io n a l C o r d a g e .—Or g a n iz a t io n .—Organized under the laws o f
New Jersey for the importation of hemp and the manufacture and sale
of cordage, controlling a large number of establishments in this coun
try and Canada. A rival company, the John Good Cordage & Machin
ery Co., was incorporated in October, 1892, with capital of $7,000,000.
On M ay 4, 1893, E. F. C. Young and G. W. Loper were made receivers
of the National Cordage, the company being financially embarrassed.
See explanation V. 56, p. 753, 793. A reorganization committee in
cludes George C. Magoun, Ernest Thalmann and Gustave H. Gossler.
(V. 56, p. 835.)
"S tocks .—P referred is 8 per cent cumulative, and also has priority
over the common stock in respect o f all property and assets in case of
liquidation or dissolution. A fte r 8 per cent on the preferred, the com
mon is entitled to 6 per cent per annum, non-cumulative; then the
directors may add to surplus such amount as they deem best, but any
further sum remaining for dividends shall be divided between the two
stocks in the ratio of one third to the preferred and two-thirds to the
common. Both common and preferred have the same voting power.
No m ortgage or bonded debt can be created except with consent of 80
per cent of the preferred stock. See wording of pref. certificates in
Su p p l e m e n t of May, 1893, editorial article.
In Jan., 1893, company issued $10,000,000 common stock to common
stockholders as a scrip dividend of 100 per cent. V. 56, p. 164. On
Apr. 29, 1893, the directors resolved to issue $2,500,000 new preferred
stock, but on M ay 4 receivers were appointed as stated above.
V. 56, p. 753.
dividends .—On common stock: In 1891, 9; in 1892, Feb., 2V, May
2 ^ : August, 2 V. November, 3; in 1893, February, 3; May, on new
stock, 1^ per cent.
P rice of Sto c k .—Common in 1892, 911
2'®1421 in 1893 to May 19
e;
inclusive, 59%'® 147, the former for new, the latter for old certificates.
Preferred in 1892, 100'®1231 in 1893 to May 19 incl., 3 9'® li8 1
4;
s.
" s e c u r it y Co r p o r at io n of N e w J e r se y .—Organized Sept. 23,1891
with capital o f $350,000, to take over the several extensive cordage
works purchased in the interest of the National Cordage Company late
in 1891. Its entire property is leased till November 1,1911, to t ie Nat.
Cordage which pays to the m ortgage trustee in gold as rental $360,000
per annum for interest on the bonds and in addition $225,000 per an
num as sinking fund. Upon the payment of all the bonds the National
Cordage w ill own the property in fee. M ortgage trustee is Manhattan
Trust Company. To Jan. 21,1893, $236,000 bonds had been canceled
by the sinking fund. As to bonds, see V. 54, p. 647, 835.
A nnual R epo rt .—F or tlie tiscai year^ending Oct. 31, 1892, the an
nual report stated that owing to the attacks made upon iarge
corporations by competitors it was decided to issue no more fu ll report
of the year’s business than the fo llo w in g :
Profit and loss account for the year ending Oct. 31,1892 :_______ ____
Balance Oct. 31,1891. $106,313 |Total profits....... $2,817,065
Profit in year 1891-92. 2,710,749 |Dividends paid............ 1,450,000
Total profits..............$2,817,063 |Surp carried forw ard..$1,367,063
[Balance sheet o f Oct. 31, 1891, was in V. 54, p. 247.]
MISCELLANEOUS STOCKS AND BONDS.
Ma t . 1893.]
157
> u b » c r lb e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g Im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
B o n d s —Y ris tG l.
IN T E R E S T OR DIVIDENDS.
Date Size, or
pal, When Due
Amount
Eate P er When Where Payable, and by Stocks —Last
of
Par
For explanation o f column headings, A-c., see notes on
Whom.
.Bonds Value. Outstanding Cent. Payable
Dividend,
first page o f tables.
MISCELLAJS' EOXJS.
N. V., 1 Broadway,
§100 $11,905,400 See text.
i r a tio n a l L e a d C o — Stock, common, $15,000,000 antli’d ,.
do
do
14,904,000 7 per an, Q-—M.
100
Preferred stock .7 per cent, cam.) $15,000,000 aath---6
XU Jan. '93
Debentures...........................................................
Chisago, Oiliee.
.
Too 18,000,000 See text, Q.— F.
N a t io n a l L in s e e d Oil—Stock................. -..................
N. Y., Office, 1 B’ way.
4,450,700 see text.
100
N a t io n a l S ta rth —Common stock t$5.000,000p....
do
do
2,219,400 S per an. M . & N.
100
1st preference stock, cumulative, 8 p. cent ($3,000,000)
do
do
100
1,846,800 12 per an .1. A J.
2d preference stock, eunralatjve, 12 p.ceut ($2,500,0001
1,000
3.837.000
6 g. M. A. N. N.Y.,C!iaseNationalBk.
1st mortsnige.dor $1,500,000), gold............................ . 1890
New York Gttiee.
5.000. 000See text.
100
S e w I m itr a l t ool—Stock....................................................
Boston, 125 Milk St.
10,394,600 See text. Q .-F .
100
N e w E n g la n d Telephone <t T e le g ra p h —Stock.....................
Boston,Bank o f Ropub
1.000.
000 6
A. A O.
1,000
Bonds, 1st and 2d Scries,each $500,000...,.......... ....c ‘S9-'90
do
do
A. & 0.
6
500.000
Bonds, 3d Series, subject to call after April 1,1901 ,at 102 1891
1,000
do
do
500.000
A 0.
6
Bonds, ItbScrie-.sabjectt o eallafter April l,1902.at 102 1892
N ew York.
5
15J.&J.
x‘,000
2 , 000,000
N e w p o rt Sew s S h ip b u ild in g A D r y D o c k .— 1st ffiort.
1890
N ew York.
100
J. A J.
5
600.000
Chesapeake D ry Dock A Construction 1st m ortgage..... 1887
Chicago, 1 1
1.
1,000
9.000.
000 text- Qnar.
See
S e w f o r k B is c u it Company—Stock...........................................
1.447.000
1.000
M. A S. N. Y., Kom itze Bros.
fir s t port, gold, sinking fund, not subject to call----cAr 1891
1.000
M. A N. S . Y „ West. Union TeL
1.978.000
A*. Y ,M u tu a l Tel .—Mutual tJn-TeL 1st M., g.,gu., not dr’n.c 1881
II:
100
2.535.000 ib per an. Q —J. Brooklyn, 16 Smith St.
S ew Y o rk & Sew Jerse y T elep h on e— S t o c k .......................
100 Ac.
>1. A S. N. Y., Nat. Park Bank.
472.500 i
First mortgage......
8
824.000
M. A N, N. Y.. Atlantic Tr. Co.
v»«u.
COO, g..». f . $20,000 y'rly, not dr'n,.c* 1890
1,000
Gen. M. for $1,500,(
New York. 2 Wall St.
100
3.000.
000 text,
|
See
.¥, 1- A P e r m C o a l a I r o n n o .—Stock.................................
1,000
9
600.000 i
1st mortgage, gold, sinking fund—not subject to call..o 1890
«s. m : & n . Nov. J. 2 coup, unpaid.
50
1.500.000
N. Y., 8. WetmoreS'W all
S . r. d Tertis L u n d ( L i m U e i t f -S to c k .................................
k
( 1)
D irecto r *.—J&me* M , Waterbary, Frank T. Wall, Chaune-ey Marsh
all, John A, Tueter, 0 . W eaver Leper, K. M, FttSten, Jr., John C. Fur
man. C, L. Atterbery, E. R. Brinckerboff. President, Jarne* M. Waterb a r r t New
office, 134 Front .Street. (V. 52, p. 204, 27s), 642, 899;
V . f>% p . 289, 325. 712; V. 5-4, p. 94. 243. 643,647, 725, 996, 1035; V.
56, p. 127,164. 94 7 , 753, 793, 835.*
N t l i o r a l L e a d C o m pa n>%—OB6Alci2r4Tiosf.—Organtzefi a n t e
the laws of New Jersey o n Dee, 7 , 1891, m m e m *m o r t o th o National
It controls *M extensive plant* In different State* fo r the
o f white lead and other product*. See V. 55, p . 462, eonceram g ilnnktea* unit. Only $372,000 certificates o f the bid t r u s t were
o u u x m n M n g December 31,1892.
8BCtTRifiE8„—The preferred stock is entitled in 7 p. e* per annum ea
rn nlatlre. B m edf torrnl o f May, 1893, B p r r l k u m s t. Turn *6 benture bo o M »
were- to be aged fo r working efipi&fti in carrying on the t m r w m enterprtee.s of the Trust. etc., but none haw been Iwm
!
ued up to Feb. 15. Iw93.
b s * V , 53, P- 156. 21*0. 010. 880; V. f*6, t> 287. Om^didatmu with the
.
National Linseed Oil Co. warn talked of. v. f»5, p. 7 6 5 , 1035; V. 50, p. 42.
J>ir
Lead T m *t paid dividend* on it* ^>,000,000 of *t39c
m follow#; In 1891, April, % o f 1 per rent; July* h o f l per o m it; Dec.,
30 cent* tier #100 share. The new company has p a id : On preferred
In 1393, March, 14t per et. (qu arterly); June, ! 4t; s e p t , l-h; Dec., 1%;
In Lf93, March, 1% per cent; June. 1% per ©oat.
.
On c o m m o n In 1893, In May, 1 pet cent.
Y m c z o r Sto ck ,—Common—In 1892 30% s 51% ; In 1893 to May
19. melitelve*. 20 #52%. Price of preferred stock—In 1892,81 ® 99%; in
1803 to May 19 Inelmilve, 67 #90.
Juanuf* Rm*©RT.~Fh*«mi year etui# Dec. 31. Annual meeting ia held
on a Thursday in February. The Unit, annual
p t the
(femjKwy im u e d in Fehm ary, 1893, w m in V , 50, p. 287, and gave
balance «hf«t- m below. The Ibrrwklent tmnMWkmi that the company
i s * to he congratulated on the liquidation o f the very large Indebtedsi re* o f the National Lead Trust and that the volume of btudtim m for the year exhibited m
Increase over the preceding
y m r i* . The profit and l o * « aceotint for the year 1892 almwa net earntec* #1,906,980, out o f which were paid four dividends oa the preferred
•toelr mmgmpkUMit # 1,04.3,280, leaving balance to credit o f profit and
lo rn #H0j,7o6 'The mortiiax**' liability h&* been reduced during 189*2
■from #331^64 to only #153,728, Ti*« geimml aeommt oa January 1,
1893, stood m follow.#:
I d m & T r m iL
n x tA n c M m m m t j a v o a h t 1, 1893.
P la n ttn r ^ 'tJ a n .l,m # 2 3 .2 ll,9 2 o I Capital atoelE, mm)*oa.|l&,d09,000
-431,526 .
do
' pns:fd .. ‘ 16*000,000
Other In^stmettl^.
M a te r ia l....... ...
... 5,492*999 j BMWplm 1.992 . . . . . . . # 0 3 , 7 0 6 I
j Mortifajre**,
Tren* urr»U>ck...... .
153,7*29
C a eh l a lim it ........
444*M l I Aceottnie paynto le ,. . . .
273,864
..
1,4 99.11 2
Note# an# ae’ l# rec.
88l«#iW) i
Totai
Total MahUUle# . ..#31,20449#
fOK#.—'W. P. T te «i» p « 8 , A. T. (kMhora, F, W. Roekwcdt, t*. A.
>
,
A. 1*. Thoai|»on* I) It. Sliipfnan, W. H, Thomp#oti,
. Carpenter* Jr,, Bdwartl F. Realc, Jr., John H * M eKeivy, J* L,
i y amt R. P. Rowe. orriG*;.n#.—
-H*. P. Thtmiwoo* President; L,
IV ic w P te fi^ R t; J. L M cBim ey, T rew iire r; Cliarle* Darlueti,
N. Y, office, No. 1 Broadway. -V. 53, p. 156,290, 801* 640,
, p. 462, 765, 1035; V. 50, p. 42, 2 8 ? . j
4wa I I»lu*er*d O il.—Thte company, tecorpe rated in 1989
i law# o f na»oi% ha# aatpiired all tins property o f the Li*i#e«8t
coastetln#' o f the real estate* mmddnefy, patent** etc.,, o f 52
‘k# #llaided In 42 cdtle# of the Cuiteil Stntea, lneludln.ir
p^0t, te a h , m fiQ fspoilt,etc. It# producth» 1
>*»th lin k 'd oUandnfl
' m* 1 for «toelt fond and fertiliser—
<
-and it h» #a- d to employ in the
pture o f these from 0O to 70 per cent of th
atintry*# annual
<rr«p §t tan ft* twenty mililms bnaiiclai o f fiax#eed.
A n I p A t Rite©ST.—,Pt:teai year tm-ds July 3D Repo rt for 1801-02 in
V . ffii p. : 44, gave no earning?* bod cotHatned the folio Vidug balance
2
#lp?et In the report the V tw m u m t t 'einarkt: “ The Ij
Berea*- ng buslnea#
i
-of tl 4 eofi t p m - r» even at the prv#enti mettlerate profit,w(U sm m give the
add itlonal wortdug caiotal reottlred, and will, we hoy can.sc illvidcnds
to h i presumed at as early date."
■iri.t 31. 1S1>2.
Cap|:» ! M i
.........
an d a«fts pay 'We,
t
4 ,025,88 j. \ C w l in bank ....
BUD receivable* etc...
Stock in trade...
Balanee (p ^ 3 wiil, patent*, fifed.:
8.8,084,221
'436ffi23
1,215.584
2,010,293
0,469,800
"otal lla M lItlr i... $22,025,881
Total ««*e t9 .........$22,02-5,881
i year 1990*01 net
from operation# wa# $20,462, A fte r w riting
t w off aryl paying dividend#, $720,000. the company had M 53,294 in
"iM vtd fd
and Its orlghttal capital IntaeL in. year cndtUK June
j lM
*30* net carm a n were Si ,201,405, or equal to <3*67 m r cent on
rt'-k. Stock listed In N ew York In 8et>L. 1890. See full statement In
p i * p . 3 4 8 ; V, m , p, 2 2 3 .
jbmiscwixt,—Ii8 1.890 2 per c en t; In 1891, Feb,, 1; May, 1 ; Aug.,
% of i. per e m u since, prior to Sept, .1 , 1892, none,
.0
j o i n kcto a*.—Alexander Ktisom, President; R. I>. riuhhard, W. P.
C t . II* ft* O w e , A. C, Alibott, Marcus Stepson, A. O. Hail, J. A. WiiY
Jfril* 12 < . Hanford, T, CL .McCiilloh, Secretary and Treasurer. N. if.
Office, 81 John street* V, 55, p 705. 1035; V 50, p. 2 M . 414
r.
M ay 1,1893
June15,1893
In 30 years.
Aug. 1, 1891
Meh. 15,1891
May 2, 1893
Jan. 1, 1893
May 1, 1920
Feb. 6, 1893
M ay 15,1893
Apr. '99-1900
Apr. 1, 1906
Apr. 1, 1907
Apr, 15,1990
Apr. 15,1937
Moll. 1? 1911
May 1, 1911
Apr. 15, 1893
Mcli., 1895
M ay l, 1920
Fob. 10,1888
M ay i , 1920
m
N T ttloiia ! s t a r t l i . —Incorporated in February. 1890, under the laws
af Kentucky, andowus properties capable of producing from 230 to 240
million prouM s o f stareh yearly. The tw enty concerns whose plants,
trade marks, patents, business and good will it purchased were located
in the States o f New York, Ohio, Indiana, Illinois, Iow a and Kansas.
The preferred stocks have preference m to principal as w ell as divi
dends. Woniin.ir o f prof. certWcutes was in editorial o f May, 1893»
Si;i*i*i.eaik NT, The bonds were Issued at a rate not exceeding 75 p. o, of
the cowipariy’s real estate. Tin .rood will of the concerns, Ac., is repre
sented by the common stock. On April 23, 1392, there were in the
ootnpitfty*# treasury #549,300 common stock, $780,000 first preferred
and $653,200 second preferred, and #663,000 first- mortgage bonds,
Diva>fst>s o n preferred, stock have been paid in full to date; common
stock paid in 1991* March, 1 per cent ; 1992, March, none.
A w e Ah M k e t i n o is held on first Wednesday in February,
l>i.kect oits. —W. F. Fiel, Jr., President ; William Duryca, Chester W.
Fhapln* Cuaries CA Burns, Secretary and Treasurer; David A. Geraty,
pood. WUh
Cl Ode, Altmrt Erkeabrecher, ClUtord B. Wright, Henry R. Wood,
Marisn Cufsiiiger, Williiun F, Piei, Etehord Johnson, A. R. Beardsley,
Fr«-d M. Hilbert. Hiram Duryca, Chits. Taut/,. Martin F. LauU. New
York office. No. 1 Broadway. (V. 54, p. 843; V , 56, p. 247.)
N > »* C e n tr a l C o a l ( 31 d .). —The annual report for 1892, in Y. 50.
p . 24.% ttia m w l net profit# for year of $35,126 and balance to creditor
profit and toss Decern bey S I, 1992. o f #211.061. Dividends since 1880
•
—la 1881, 2 p ercen t; in 1982 and 1993, n il; in 1381, 1; in 1885, n il;
from 1980 to i89s luelusive. I per cent yearly; in 1991, 1; in 1392,
March 1; la 1993, Feb., I par eei.it, i,V. 52, p. 2 02 ; V. 58, p. 2 1 J.)
N e w E n g la n d T e le p h o n e Jk- T e le g i- iip h ,—This company does a'
telephone business in Maine, Now Ilantpshire, Vermont and Massac.huaetts tinder license from the American Bell Telephone Go. On January
1, 1.893, it had 20,721 subscribers and exchange offices in 99 cities or
villages. 8tack $}.2,000,000, of Which, on March 1,1892, #1,605,400
w m in the treasury’. The tend# arc to be secured by any mortgage
pU.'ed <m the property, Dividends—From 1880 to May t 1803, at rat©
of 3 H per cent per aanttm. three dividends yearly being R>r 75 cents,
i
and one <puid Feoruary 15 in 1893) for #l-2o. In 1892 the net earn
ing* over all expenses mid interest charges were $138,444, againat
#369,000 in 1891.
N t o v im r i N e w s N liip b u lld li» g Sc D r y D o c k C o .—Organteed under an m t o f Virginia of January 28, 1880, as amended Febru
ary 17, 1890. The stock i» $2,000,000. The company owns sixty
nr re- o f land with water front, and has large plans;, costing $301,954
for the dry dwelt nod crib work, arid over $2,750,000 for the other
property* m stated to the Stock Exchange. The Chesapeake Dry Book
k fAmstmctlon inorigage covers the dry dock m a first lien and the
J Newport News fthliibulldlng A Dry Dock mortgage is second to this.
I See statement to New* York. Stock Exchange te CTfitoNtChk, V. 53, p,
710.
N e w Y o r k B I m a l t C o m p a n y —This company is incorporated
under the laws of Illinois, and owns and leaaefi property in New York
City, Chicago, Cambrldgeport ( B m t o u u Des Moines, la., Denver, Col.,
i Ac., 13 cities in all. The real estate, buildings, patents, machinery, etc*,
f were valued in balance sheet Jan. X, 1893, at $8,037.952; eonstruc1tion account at $1.725,*K>7; nierchanatee accounts receivable, etc., at
s#1,254,637. Trustee under the mortgage is the Central Trust On. of
) New York. Sinking fund, $50,000 a year. Dividends from October 1,
1990, to Jan. 1, 180*2, both loclastve, 11 p. c. per annum; in April, 1892,
' 1; July. 1: October,’ !; December,! per rent. Profits in 1892, #54 9,359,
l against #453,161 in i # i ; interest on bonds w ill be #90,000. Treasurer,
f G. P. Johnson. 10th Ave. and 15th 8 t, N. Y, City. Main office, American
j Express Building, Chicago, 1 1
1,
j
N e w Y o r k r*Iiiln a l T e l e g r a p l i . —Successor to the Mutual Union
The stock carried divideniln o f 0 per cent per an< mini ' under a lease for 09 years from February 15, 1383, to western
s Union B it-graph. The W<return Union gives its eoihitend, trust bonds
j In exchange at par for the stock and bonds o f this company,
N < \\ Y o r k A N e w Jfcrwcy
■.—c>-.
1lines under perjM'tual license from the Bell Company in Staten Island,
Dong Inland dncluding Bne*klyu>,ln New Jersey in counties o f Bergen,
Essex, Htid.Hoii, Middlesex, Monmouth, Morris, Passaic, Somerset and
Union. Its total subscribers on January 1, 1892, were 9,044 (of
which 4,487 In Long island), agaittfit 8,091 tm January 1,1.891. Of
the general mortgage bonds sufficient are reserved to take up the first
mortgage at maturity; trustee General Mortgage* Atlantic Trust Co.
In year 1*02 grows curbings were 91 ,050.125 ; net over expenses and
tax«*s, $359,478; interest, $70,032; dividends, $152,100; balance,
surplus, $130,440. In 1890, gross, $370,044,
DtviOBvrm.—Dividends in 1802, Jan., ika per c en t; April, !% : July,
1% ; October, I te; in 1393, Jam, l h per cent; April, lhs per cent.
N e w Y o r k A P e r r y C o a l 3c I r o n C o m p a n y .—Owns 04.0 acres,
controls 900 acres and leases 430 acres o f coni and Iron land in Hocking
Valiev region at ftlmwime. Perry County, 0. Has five coal mines and
t wo blast furnace*. The November 1892, coupon went unpaid. Pteorgaiiteat.Ion pernilng ntid seenritiea deposited with Central Trust On,
For foil statement-to New York fttonk Exchange on Jan 22, 1891,
see V, 52, p. 206. Dividends In 1887, i h percent; In 1888, 1. Office,
• Wall Street, N. Y. (V* 52, p. 204,200? V. 53,p*21.)
2
N e w Y o r k A T e x a n D a n d .—This company took the lands granted
te the International and Houston A Great Northern railroads, about
5,000,000 acres. On Feb. 16, 1893, company had 2,107,778 acres un
sold, and there was $302,080 of land scrip receivable for lauds at 75per
cent o f Its face.
\Telegraph Company.
158
INVESTORS5 SUPPLEMENT.
|V o l .
LVI.
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
M ISCELLANEOUS.
Date Size, or
Par
of
For explanation of column headings, &c., see notes on
Bonds Value.
first page o f tables.
N iagara Fulls Tower Company—Stock fo r $10,000,000..
1st mortgage for $10,000,000, gold......................... c&r
North American—Stock for $50,000,000............................
North Hudson Co. (S t.) Jl'y—Stock authorized, $1,250,000
1st mortgage..................................................................
Consolidated mortgage ($3,000,000)........................ c*
Debenture 6s..................................................................
North west Equipment—Stook..............................................
Northwestern T el—Stock, 4 rising to 6 p.0., guar. West.Un.
le t mort., sink, fund, bonds not drawn, interest guar.c’'
Ohio Falls Car M anufacturing C o—Common stock.......
Preferred stock, 8 per cent, cumulative, g o ld ...............
1st M.. gold, $20,000 per an., subj. to call at 105...c*&r
Oregon Improvement Co.—Stock, com m on........................
Preferred stock, 7 per cent, non-cumulative..................
1st mortgage, gold, sink, fund 1 p e. yearly. See text
Consolidated mortgage for $15,000,000, gold............ c*
$100
1891 500,&c.
100
25
1,000
1,000
1888
1,000
1892
100
50
500
1874
100
100
1892
1,000
100
100
1,000
1880
1,000
1889
N ia g a r a F a l l * P o w e r C o m p a n y .—Organized in 1886 and un
der special acts of N ew York State has authority to transmit Niagara
water, and light, heat or pow er developed from it, to practically any
point in N e w T o rk State. Its hydraulic works, which are to produce at
least 20,000 horse power, are to be in operation in 1893. The cost of
constructing these works, including the building of 7,000 feet of tunnel,
purchase of 1,486 acres o f land, with basins, wheel-pits, right-of-way,
etc., under terms of contract, w ill not exceed $2,600,000 in stock and
$3,500,000 in bonds.
B onds .—U nder the mortgage (trustee Central Trust Company) there
is no right o f foreclosure till after Jan. 1, 1895. Coupon bonds are for
$1,000 each and have interest payable J. < J. Registered bonds are
fe
$500, and draw interest Q.—J. Coupon bonds are convertible without
charge into registered bonds. Mortgage covers all but 400 o f the 1,486
I ’je s of land. Office, 15 Broad Street, N. Y. City. (V. 56, p. 819.)
N o r t h . A m e r i c a n C o m p a n y .—Or g a n iz a t io n .—This company
was organized in 1890 under the laws o f the State of New Jersey, as
successor to the Oregon & Trans-Continental Company in liquidation.
I t was to operate in two special fields—one that o f railroad financiering,
the other that of promoting electric light and power enterprises.
M il w a u k e e Str e e t R a il w a y an d E lectric L ig h t in g .—The North
American Company has organized the Milwaukee Street Railway Co.,
with capital of $5,000,^00, of which the North American Co. on May
31,1892, held $2,887,000, to control and operate all the 6treet railway
lines in Milwaukee. Speaking o f this company, and also o f its electric
lighting plans, the company’ s annual report (Y. 54, p. 1007) states
th a t: *• Exclusive licenses and patent privileges were acquired from
the Edison companies for the operation o f electric railways and the
furnishing of electric light and power for Milwaukee and the adjacent
districts, and also city ordinances granting franchises covering all the
important streets and points in the city, constituting assets and conces
sions of great value. During the past year this company has con
tracted for the purchase o f the remaining street railway lines in opera
tion in Milwaukee, including the West Side Street R ailw ay—a road of
large earning capacity—so that the Milwaukee Street R ailw ay Company
and this company together now own and control the entire street rail
road system in that city, embracing, at present, over 100 miles of
operated track. * * The company does all the street lighting for the
city, under a satisfactory contract entered into last November, which
continues for four years. * * The entire railw ay system o f the com
pany when completed w ill comprise not less than 140 miles o f track.”
C in c in n a t i E dison E le c tr ic Co m p a n y .—This company, the report
states, was organized under the laws of Ohio by a syndicate, of which
the North American Company is a member and the representative, with
a capital stock of $1,000,000, for the purpose o f establishing an exten
sive central station electric plant and of securing a large electric light
ing business in the city of Cincinnati and its suburbs. This company
has secured the contract for the public lighting o f the entire city of Cin
cinnati for eleven years and with it a valuable franchise for commercial
lighting for the term of twenty years.
Ca p it a l Sto c k .—1 he North American authorized capital is $50,000,T
000, of which only $40,000,000 has been issued, this having been ex
changed, share for share, for stock o f the Oregon & Trans-Continental.
P r ic e of Sto ck .—In 1890, 7@4738; in 1891, 1 1 ^ 2 1 ^ 8 ; in 1892.
91 a'187 in 1893, to M ay 19, inclusive, 8'®117
88;
8.
A n n u a l R e po rt .—Fiscal year ends M ay 31. Annual meeting is held
in Jersey City on third Wednesday in June. Report for 1891-92 in full
In V. 54, p. 1007, showed the follo w in g:
incom e account fo r y e a r end ing m a y 31, 1892.
Cash from interest, div’nds, commissions and all oth. sources. $418,119
Payments for interest on loans................................ $220,538
51,707
A ll expenses of administration, including taxes___
Bonds- Princi
IN TE R E S T OR DIVIDENDS.
pal, Wlien Due.
Amount
Outstanding Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
$2,448,000
3,808,000
39,767,200
668,250
620,000
2,378,000
500,000
3,000,000
2,500,000
1,180,000
400,000
800,000
600,000
7,000,000
327,800
4,265,000
6,468,000
5 g- See text
See text.
6
5
6
See text.
See text,
7
J. & J.
J. & J.
F. A A.
Q .-J .
J. & J.
J, & J.
Q .-J .
8 g.
6 g- A. & 0.
See text. M. & S.
6 g. J. & D.
5 g- A. & O.
N. Y. Agency.
Jan. 1, 1932
Hoboken, Co.’s Office.
do
do
Hoboken,N.J. I s t N.Bk.
Hoboken. Co.’s Office.
N. Y „ Office, 36 W all St.
N. Y., West. Un. Tel. Co.
do
do
T
Jan. M 1914
1,
July 1, 1928
Feb., 1902
Apr. 15, 1893
Jau. 2, 1893.
Jan. 1, 1904
New.
N. Y „ M aitl’d, Phelps. Apr. 1, 189J
N ew York City.
Oct. 1, 1922
Aug. 1, 1890
N. Y .O f.,2 2 William St. Mch. 1, 1893N. Y., Farm. L& . Tr. Co. Dec. 1, 1910
do
do
Oct. 1, 193(P
power and electricity in Hoboken, N. J., and vicinity. Electricity isbeing introduced on both surface and elevated roads. For the $620,000
of 6 per cents due January, 1914, a like amount of consols is reserved.
Stock authorized, $1,250,000; outstanding, $668,255; par value, $25.
A stock dividend o f 40 per cent was paid in July, 1892, to represent
surplus earnings expended on the property. In 1892 gross earnings
were $860,322; dividends, 8 per cent.
In 1891 gross, $763,816; net,
$197,804; interest on bonds, $120,408; dividends, 8 per cent, $38,186;.
balance, surplus, $39,210.
N o r t h w e s t E q u ip m e n t . —Owns railroad equipment costing $3,
000,000, leased to the Northern Pacific Railroad. The rental is 7 p er
cent per annum on the cost of the equipment and 10 per cent yearly to
the sinking fund. October 1, 1898, when the lease terminates, theEquipment Company w ill be paid out of this sinking fund the original
cost o f the equipment, which w ill then become the property o f the
lessee. See statement to New Y ork Stock Exchange in fu ll in C hro ni
c le , V. 50, p. 73. Stock paid in 1890 6 3 per c e n t; in 1891, 7 ; in
4
1892, February, 2X May, l 1 August, l 1 November, l 1 in 1893,.
4,
^;
^;
^;
February, 2*4 per cent; Apr., 1^2 per cent. N .Y . Office, 36 W all Street.
N o r t h w e s t e r n T e l e g r a p h . —Owns 8,000 miles of w ire and is*
leased to Western Union for 99 years, with guaranteed dividends, rising’
*8 p. c. a year to 6 in 1897 and afterward. Bond interest is guararanteed.
O h io F a l l s C a r IV Ia n u fa c tu r in g C o .—Incorporated under the
laws of Indiana in 1892 as successor to Ohio Falls Car Co., established
in 1865. Located at Clarksville, near Jeffersonville, Ind. See adv.
C h ro nicle of Oct. 22,1892, and Maitland, Phelps & Co., 24 Exchange
Place. First dividend on preferred was paid in January, 1893; in April:
paid 2 per cent.
O r e g o n I m p r o v e m e n t C o m p a n y .—This company controls the
Pacific Coast Steamship Company (owning its entire capital stock)
and operates five steamship lines running between San Francisco,..
Portland, Victoria, Sitka, Fort Bragg, San Diego, &e. Also in March,
1893, owned all the securities o f the Columbia & Puget Sound Rail
road (narrow gauge), Seattle to Franklin, etc., mines, with sidings,
etc., 57 m iles; and the Pacific Coast Railway (narrow gauge), Port H ar
ford, Cal., to Los Olivos, 80 miles. The Seattle & Northern Railway.
Anacortes to Hamilton, Wash., 36 m iles; the Port Townsend.
Southern RR.; P ort Townsend to Quilcene, Wash., 28 miles, and
Olympia to Tenino, Wash,, 15 m iles; also operates the Seattle Coalvfe
Transportation Co. with its N ew Castle mine, and the Franklin Coal
Co. owning the Franklin mine. (See V. 51, p. 570, 747.) Company also
has some 3,688 acres coal land.
H is t o r y .—Defaulted in Dec. 1890, on 1st mort. coupons, and Joseph’
8imon was appointed receiver. A change in the management fol
lowed, Mr. W. H. Starbuck became President, the receiver was dis
charged, and the overdue coupons were paid. In March, 1892, dividendswere resumed on the preferred stock. See V. 52, p. 351; V. 54, p. 288.
Sto c k .—Preferred stock was exchangeable for consol. 5 per cents*
on certain terms, but right o f exchange has expired.
D iv id e n d s —On preferred stock (issued in 1888)—In 1888, 3 ^ ; from
March, 1889, to September, 1890, at rate o f 7 per cent yearly; then
none until 1892, when 3*2 in March and 3 ^ in September; in 1893,.
March, 3*% per cent.
On common—In 1 88 3,7 ^; in 1888, l 1 in 1889, 4 ^ ; in 1890, in^
^;
February, May and August, each 1 per cent; none since.
B onds.—Under consol.mortgage for $15,000,000 (trustee, Farmers’
Loan & Trust Co.), bonds are reserved to retire the preferred stock and
the first mortgage bonds not in the sinking fund. See V. 54, p. 484.
The first mortgage bonds by their terms were subject to call for thesinking fund at par if not purchasable at 106, but in January, 1893, it
was proposed to cancel tlie sinking fund provisions. See V. 56, p. 42.
L atest E arning s .—Dec. 1, 1892, to March 31, 1893 (4 months),
Net cash income.................................................................. $146,873 gross, $1,110,697, against $1,156,910 in 1891-92; net, $143,104^
against $187,991.
A ssets a n d L ia b il it ie s .—1 he company’s assets, as reported on May
T
A n n u a l R e po rt .—Fiscal year ends November 30. Report for 1891-92:
31,1892, are given in the table below. Against these were liabilities
was in V. 56, p. 331, showing:
of $2,846,822.
Stocks owned.
P a r value.
Bonds owned.
Pa r value.
Northern Pacific, com ..$7,450,200 Northern Pacific consols. $604,000
Chicago & No. Pacific..
533,000 Chic. & No. Pacific ls ts .. 276,000
Wisconsin Central, pref.
32,500 Wisconsin Cent, incomes
45,333
Edison Gen’l E lectric.. 216,200 Milwaukee Street R ’y 5s.3,276,000
8t. Paul Edison Electric
90,100 Minn. Lyndale & Minne
Milwaukee Street R ’y .. 2,887,000
tonka Street R’y 5 s ___ 699,000
Cin. Edison Electric <
fe
Cicero A Proviso R’y 6s. 145,000
Queen City Elec. Co’s.
333,300
Miscellaneous Assets.
West 8ide St. R ’y, Milwau
Advan’s under contra
kee, paid on purchase. .$301,350
with T. A. Edison ai:
Milw. St. R ’y, advan’s for
Edison Gen’l Elec. C
construction................ 626,358
for inventions, e tc ..
$52,701
Secured accounts............ 753,186 Int. < div. acc’t, bal’ c
fc
<
184,207
Bills receivable............... 175,151 Cash in bank < tr. co’
fc
912,080
Miscellaneous securities.. 857.472
Tot. miscell’us assets.$3,362 505
D irectors .—Henry Villard; George S. Jones; Thomas F. Oakes; C. W.
Wetmore; 8. W. Burt; J. Hobart Herrick: D. S. Wegg; Chas. A. Spofford;
Henry C. Payne. President, Henry Villard; Vice-President Geo. 8.
Jones; Secretary and Treasurer, Edward Edes, N ew York Office. 15
Broad SL (V. 54, p. 845, 1007; V. 55, p. 1110.)
N o r t h H u d s o n C o u n t y (S t r e e t ) R a i l w a y . —Owns 50 miles of
Btreet railw ay and elevated cable lines, operated by steam, horse
E A R N IN G S A N D E X P E N S E S ( A L L C O M P A N IE S ).
1891.
-1892.—
Year ending Nov. 30—
Gross.
Gross.
Net.
Pacific Coast 8S. Co..........................$2,825,840 $2,585,105 $421,751
Pacific Coast Ry. Co.........................
193,957
176,742
<30,025Col. < Puget Sound RR. Co..............
fc
333,044
315,649
130.588
Seattle & Northern Ry. Co...............
62,307
71,283
20,425
Port Townsend Southern RR. Co___
38,001
23,613 108811,237"
Steam Colliery & Steamship............
206,141
29,264 loss£4,704
Coal Department..............................
598,345
632,937
174,681
Real estate and miscellaneous.........
43,325
57,382
41,231
Total earnings......................... ..$4,300,960 $3,891,975
$813,560-
IN C O M E A C C O U N T ( A L L C O M P A N IE S ).
Year ending Nov. 30—
1890.
N et over taxes and gen. expenses.. .$704,745
Income from investments, &c.......... 136,563
1891.
$829,690
14,357
1892.
$759948
25 370
N et income............................... ..$841,308
Interest on bonds........................... ..$332,303
Other interest, &c........................... .. 68,497
Sinking fund.................................. .. 50,000
$844,047
$553,793
75,344
50,000
$785318
$623,400
22,146
50,-100
Total charges.......................... ..$450,800
Balance surplus............................ $390,508
$679,137
$164,910
$696,246
$88,972
159
MISCELLANEOUS STOCKS AND BONDS.
H a y , 1 3 8 8 .)
S u b s c rib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
M i SCELL A X K O US.
Date
For wplftuawm of col onm W g g » , &e„ see notes on ^
$ 5 ,0 O O ,W ^ subject to call at i i t i ami t a i.e *
\ pen nsylcani& V a n a i —Cton. M.» tot- guar, by Penn, ER.O'
ISSO
1W70
’ B o n d s— P rin oiIN T E R E S T OR DIVIDENDS.
pal.When Due.
Size, or
Amount
Bate per Wlien MTiere Payable, and by Slock s —Last
Far
Whom.
Dividend. _
Payable
Value. Outstanding Cent, |
......
$100 $20,000,000 See text
G tr. F. & A.
1,000 XoneXov.’92
0
J. A J.
1,000
2.553.000
5.000. 000 16p. aim Q.—F.
50
6 g. M. A X.
1,000
1.254.000
50
7.500.000 See te x t............
6
J. A D.
174.000
1,000
100
3.000. 000 See text. F. A A.
2.000. 000 8 p. ami. Q.—J.
100
^ l^ o n K ^ e S l^ n ^ in i'^ a O .O O O y e a d y .iio t d r a w n .c - 1883
P l o r i l l a t 'd Co ,—Common stock...................... - ........................
Tret, stock, 8 l>. c., t m , pref, as to assets and earn es. . .. .
10, 000,000
P o s ta l T ele gra p h C a ble Co.—Stock..............................................
Too 2.250.000
P rocter < G am ble .—Common stock.............................................
£
2,2-70,000
Pref. stock i* i»-e-, cn®.:*. -ee terms In ed. M ay ,’9 3 ,8 or. ....
100
2 ,000,000
F'.r~t M., .-old, -uiijecT to call at 110a lter jt lly 1 . 1900.C I SIX)
l*00O
36,000,000
1JJ0 ;
P lt
P u U m a n P a ta-e e Cat— Stock........................................................
n P d l - ...
100
5,708,700
O u ic k M c e r M in in g —C o m m o n stock............................................
100 1 4,291.300
Preferred stock,7 per cent, not cumulative.......... ......... ....
996,500
100 I
K u u : - : i j E q u ip m e n t C o m p a n y o f M in n e s o ta . —
Stock----- . .. .
713.000
1st Mortgage, gold. $50,000 redeemed yearly at 100
1891
1,000,000
SM odf 1e la n a P e r k in s M o rs e Shoe —General (tsorc.) stock.... . ...
1,750.000
100
Freferrwl, 7 per cent cumulative.............................................
SI. P a u l C ilu m i h e u y —See T w o ; C m R u i d I i u Ss it .
500
576,500
m u i C ity i S t Paid.—hand grant m ortgage...
25
918,875
S o u th e rn '< A tla n tic T e le g ra p h —Stock tftuir, 5 per eeat>..
*
4,000,000
100
S ou th ern C o tto n O il-Stock ($5,000,000 aotborlzedt.......
*113,000
S te r iin g IIr o n <t A” y.-M ort. bonds,'
lin
,1 B*y.—M ort bonds, toe.,7 p. ft, senes *‘B.~.c 1880 500 Ac.
fte
r
495,575
1*000
Plain
Plata Income bonds, 6 p e r cent
S per cent............... ..................... c 187b
475,674
91
SterUns Mountain K 'y.—1st mort. Income, 7 p. c. gnar. 1 8 ! i.ooo
Too
sariy.
Q.—J .
J. A J.
5 p . ann. Q.—F.
See text.......... .
See text............
6 per an. M. A X.
6 g . J. A D.
See text7 per an. 1=
8 p. ann.
6 g.
N. Y. Offlee.
PMla., 233 So. 4th St,
New York, 1 Broadway.
X. Y., Atlantic Tr. Co.
Pittsburg,820 Penn A v .
X. Y. Cite, Merc. Tr. Co.
X. Y „ Baring, Magoun,
do
do
Aug. 15,1892
Apr. 15,1893
July 1, 1940
M ay 15, 1893
June 1,1882
X. Y., Of.. 20 Nassau St. Juno 2, 1891
May 1. 1893
New York A London.
X. Y „ Maitland. Phelps. Jun'9Stol901
Co.’s Office, Providence Apr. 15, 1893
Apr, 15,1893
do
do
X .Y., A. M. Kidder A Co.
do
do
X. Y ., Meroan tile N at.Bk
X. Y., Farm. L. A Tr. Co.
St. Paul, M inn.
5 per an. A- A O. X. Y „ West, Union T e l
From Camden-by eb'ek
See rein...........
Feb. 1 X. Y., Office, 45 Will. St.
Feb. 1
2
.... X. Y., Office, 45 Wm. St.
B ee text. M. A X
Sept 15,1887
Aug, 1,1908
July, 1910
M ay 1, 1893X ov. 1, 1919
Apr. 1. 1893Dec. 1. 1898
Feb. 15.1893
Apr. 1, 1898
N ot fixed.
Apr, 1, 1893
Moh. 15, 189S:
Apr. 1,1894
O ct 1,1896
July ?, 1895
DtsECTORS-Xhe directors arc.: W. H . StaTbuek and C l!- Tedcaatle, : city of Cincinnati. together with the 29 factory buildings thereon. Of
of New Y o rk ; P. II. Prim e, of Bouton; C. A. Ilolph, ft illiam M. Ladd. the common stock $1,000,000 is not to receive dividends until 12 per
Henry Failing, Joseph Simon. C. II, Lewis and Jonathan Bourne, all of cent ban been paid on the remainder of the common stock.
Portland; M. V. B. EdgOTif, of Springfield, Mass ; and C. J. Smith, of
D iy id k n i > On common stock—In 1891, August. 8 per cent; In 1392,
—
Seattle, Wash. W. H. Starbuck, President; C. A. Dolph, Vice-Presi August, 12 per cent
dent C- J. Smith, General Manager. New York offlee. No. 22 « Illiam
E utxisiis—For year ending June 3 0 ,1S92, not profits ware $619,629,
S h ee t (V. 54, p. 289, 4 8 4, 643. 1048: V. 56, p. 12, 331.)
(against $601,031 in lS90-9li; deduct interest on bonds, $120,000;
P a c if ic .H a ll S t e a m s h ip .—The trans-Continental railroads gave dividend on preferred stock. $180,000: dividend (12 per cent) on
to tills steamship company a subsidy o f $75,000 minimum per mouth, common stock. $270,000; balance carried to surplus fund, $43,968;
but this was discontinued in 1992, aeocaaltatlng a termination o f th e total surplus fund July 1, 1392, $250,000, See V. 55, p. 29S. Offlee,
awswremeat with the Panama RE. Co.-which see. In May, 1893, It Cincinnati.
,
tijported that dlffl ttltle* with panama KR. had b«*n adjnatcd. V
56* m ' s m '4i T l w m l i ' tw o ’ vessks were rebuilt isml two new
P u l l m a i i h P a la c e C a r C o .—The suwk has been inoreaaed from
nwes s .n .tm , test
t ’ l th,- i .,inI*-*:iv*- available funds and It* earning* time to time to provide new capital, its wanted, and $6,000,000 now
S '« " S S S l b l r t l S w S f S v l K c m S w a f f t o ^
“ b to S T ^
.10* jt
s- tsv.sed in April, 1893 <V, 56, p. O f t * Eight per cent bond*
—Th** mortgage for $5,000,000 » * < authorised for reecn- i for *920,0OTdua August 15,1892, wore paid in caah at inattuity,
itrectlon of fleet on the China line; Tnwtee 1* r**ntrttiTrust Co. The 1 B iv t 0 s.Ni*-* since 1876-F ro m 1877 to 1880Inclusive. 8 percent; from
mortgage rover**, sll «,.* * ..mpru.y’* frnaehio**. sluvr.-*- o f stock la Urn : jg S i to 1963 inclusive, 0 ‘s: from 1834 to May, 1893, both tncla(Jhtos S. 8. Co. limned, and other property, real or personal, including 4vo. at the rate o f 8 per cent yearly.
it, prerwrt fleet o f ve.-efe *»u.i «*ven v« - e l * to be construcual * * i W
AsNt'AL K rpo kt . - F I m-uI y.-ar ends July 31. Report for 1891-92,
diient to the making of th.- mortgage. »nd “ E other property amptired wlth ,jajanoc
w. „ in y . 55, p. 676, showing the following:
with the proceed* o f the bond,
,
,
i a«>*>
D tv in r v i- sin,-, i s a o - I n l » - 4 .3 % percent; In 1985,5{ to 1980. l«e; EuVntog. I*-.*-. *t lln* * luclud.-d)...... *7,473.136♦7,871,146 $9,06lTo81
to 1887, l ; to ta$s .-.U ....... . nil.
d
Patent royaRks, maattf. profit*, Ac. 1,337,925 1,901.178
1.941,275
fmt <sn4* April W; report, tor
'
to CHEONIUt-E, V, 5 4, p. S 38.
l'm r ending Apr. 30.
18B9.
Atlaatto H
T
Vrt«,mA
1^90.
1$91.
wan |
,
Total revenue....................$8,860,901 §9,772,324 $10,'
JOperating e q « * e < ....... ................. $3,274,605 $3,569,681 $3,4.
947,504
65,600
2,300,000I Dividend# o n eap iu l stock.............. 2,000,900 2,000.000
I Repair* of earo in * x c c m of mileage.
........
139,496
103.000
100,000
........
25,729 1(kniiliigenoy aocotutts.........
1892.
i m . ...... $777,135
$6^3,489 pWtxm f<S81.870 1Paid other Mccptogujar ajseociationa. 1,022,025 1,008,324
.........
65,600
____
2.000.M94 2,186^52 2,2<>2,63S 2363.B13 ! Coupon In tore# t on bonda..........
t t o ^ P i a i f t o u «6 .............. i g S w ^
Stof',ilMrww.w,..... .
li{^ r*‘f«t ?wut dlv14*uni74____
E t f l f t a M l i . ^ ............
100,267
32,138
42,743
942,143 1407,901
103.000
103,000
133,591
94,-578
17,094
33,463
149,114
...$2,399*131 $2,999,223 $3,250,389Net jseuiilt,.,..........
.... a*. ........ $4,161 *057 $4,065,669 $4,298,571 $4,409,202 j
New Y o r k office, 15 Broad street.—(V, 51, p. 494, 5 3 5 ,'570,719; Y .
. ____ ________ 3r66flf162 3,556,118 3,495,650 0,OS'S,055 1 53, p. 570, 6 0 1 , 6 39 , 670; V, 56, p . 42, 71, 6690
...w.a — *. $494,885 $510,550 $802,921 #721,207 | QttSctfcwftlwer A ll iilttgr*—Owns quicksilver minaa at New Almaden,.
Cul, The preferred stock l» entitled, to 7 per cent per aanum, nonr
O r riOK.s.%—Coilia I*. llMfitimeton, H « W ’ Hart, I m m cumulative, and any iurjdtus goes to the oomttton and preferred equally,.
yt.. fiMi****.
8. .itorteG, & aam *d T h 0 m M »t ■$.&? CtoiiM,
+ Ptscal year end* April So.
O©o. jTOouUUJ^rr^ifleiit; J. 11 llouAtutt, Vir^-Prr.^liU'nt; WtlHain H.
The folio wing t » ole show# the reattlfc o f opemtiocui o f this oompaay
I m m , Urtrretonf s
itoa, TitfjMmror. Offlee, Mill* BttttdlH*, Kew to the past five years, the total quicksilver procluetlon of California,
>r
York City. —lV. .53, p. W h , SOI: V. 54, p. H 0 0 ; V. 55, p. 257, 374, maving w-crvv’s d from 33,700 8a4k» in 1887 to 22,904 tl&skalii 1891.
723, 996, 1 11% V . 59, p, 676* 838-1
8m Y,"5-4. p. 367
Total
Total
Quicksilver, Value
P f n n t y l t w l i r # n * l. - » w © f le 4 to toSefr»v*t o f Peiiu^ylmoto RB.«
Flasks
profit.
which jraartinto'*’'* lB9ri"*t on Iwintl* ari'l own* #3,517,150 of tho $1,' Year.
value.
per flask. earn in g.
produced..
$345,411.
$774,3*9 16 $38 72
$825,703
501,200 itocf. K»r»'to$o* In 1892, #112,481; m t , $7,947; k it e r m t * 1887......
20,000
113,741
699,517
678,143 61 37 67
$153,180; lo«4 $145,232, »mOn<t #150.090 In 1891.
....... 1 -.
104,659
595,004
. . . . . . . . 13,100 575,757 00 43 95
P e n n u y lr t n l * C o a l.—1>: vulriul* «taee 1990—In 1891,15 per cen t; 1889..
281,535
020.007 90 51 66
688,010
. . . . . . . . 12,000
from 1882 I# May, 1-898, to©lu»ir«, a t rmto of 16 per cent yearly, 1890..
341.179 def. 57,523
____
324,718 19 39 00
1891.. . . . . ...... . . . . . 8,200
A sipexSil tlirplontl o f 12 per cent wan paM to D e^m ber, 1992,
Divide mis—On cemmou, in 1881, 2 H per cent; in 1882, % ; nothing
f e o r t a v fa le r^ -O w n * water work-# at Peoria, HL, porctouMNl from since. OnprefCTTed—la 1881,9**; in 1882,0; in 1883, n il; in 1884,.
Uto oily la 1$9. on the aiow iiieat that they «hoai*l be cnlarieml and 3 ; in 1885, n il; In 1.886,2%; to 1887,3; in 1898,
in 1889,3; in
Improved.
fa ll
la CttRo^tC'-tK, V, 52, p, 538. The mort-- 1890. Fcimtnry, 8, 1% ; M m y 1, 1 h ; August 1, 1 h ; to 1891, Jan. 2,.
la for #2,000,000, and o f flic- boa4t $295,000 art* held t o roll ro 1%; June 2, I Q. New York office, 20 Nassau street.
ll M e K B o a p o f ally w ater
Otowik, $1,000,000;- par, $100.
H a l l w a y K q « I p n n ’ n t ('o t n p a n y o f 311*tu csota.—Owna cquipI * !» ilft d e t o lila C o m p a n y ,—la 1-887 tlic C tm rtl& m Coinpauy w ai
k
Im m * l for w years at a rental wMeh wow 24~9 per cent o f P m k u l M - ment costing over *1,500,000, w m o k is leased to th© Chicago 8t. Paul <
Kansas (Jlty Eallway Company at a rental which is to he more than
p h it* V o m m t t f * act esirnln^« r.m»ntl*ly. The Pniiadtdpltto Oatnpaay
sufficient to- pay the interest on the bonds, to retire $50,000 bonds
m n% m im t i f natoral graa protiaction ahotit PSUftburg; and vicinity,
yearly sit par and to redeem the balance o f the issue at- matU-rity .in
awning or m m h ig 40,582 acre* % m territory and 697 m i lm o f
Is year eilto^r March 81 -199*2, % r m *
from saw sold, $2,227,- 1901. Lessee is to keep th© property in repair. Stock paid in $996,500.
*
453, 4i#p«t’* ;u*'oiint«, #767,378; dividend* received, #29,932; total l)ivldend—3 per cent paid November, 1892: in 1893, May, 3 j>er eent.j|
f f w € t $4|0«14,-§tl4; e p ’ raUiuf evpen^c:^, totermt. rentals*, etc., f S l l , - 8©e advertisement in Ch ko n iclb o f July 18,1891.
I t iio d e I* la m i- P t ? r k io * » H o r * c Shot* C o m p a i i f . —OiiSANKA*
103? homli and account# paM. $767,618; n e w ltoe#, g m wells, etc,,
$657,154: Idividcoito. #75,000: balance, atirnlua, #713,994. D iri- VioN.—Manufacturee horse shoe® and to© calks at Valley Falls, K. I., 6*
miles from Providence. Commenced business in 1874 and incorporated
hut to 1812, paid 4.H p. ct.; In 1893. April, 1 H p- et.—(V, 54, p. I 008.) as a Joint-stock company July, 1891, under laws of N ew Jersey.
St o c k .—A fter payment o f 7 per cent per annum on the cumulativeP . L o r * l a r d C t o m p M ? .- * Incorporated under law * o f New Jer
ef erred the common stock Is to receive up to 10 per cent; after that
•ey J n l f I}1.8911tor the purpose o f carrying «m the tobacco businea* of
th share pro rata.
4*. f^onllipi St. Co In J m r n f City. Divklend# on preferred to 1892,
8 per celt; to 1893, January, 2 ; April, 2 per cent. On common
E arnings .—I n year ending June 3 0 ,1892, net overall expenses, $316,In lS92»jl0 per cent j to 1803. February, 5 per cent.
For 902; «uri»lu» after dividends. $94,402. In 1890-91 net, $268,960; lib
year 189102 net profit* applicable to dividend* w ere $196.313 ; paid ’*9 90, $265,448. For yearn 1887 to 1891, inclusive, net earns, averaged.
m profeifed, $160,000; on c o m m o n , *150,000; balance, aarploa, $186,- $262,854 73—an amount sufficient to pay 8t| percent on the prof, and
313. 8e#rcp*irt. V. 55. p . 373. Net prortt* wero reported for 1887 1 1 H per et. on the common stock, leaving a surplus* Stock listed on N.
•7-58,564 1888, *235.377: 1889, $3*6,750; 1890, $5-58,960, Mato Y. Exchange In December, 1892. Bee advertisement in Ch r o n ic l e of
-offices, J tfm y ( M r , N. J. Barinir, Maitoun Ss Co., Transfer Agents. (V. November 28,1892.
m , p. M ; V. 55, p. 373.)
D ivid en d s .—On preferred 7 per cent per annum. On common. In'
W om tm T e le g r a p h C h b lc .—Thl# company la m i m m m t to the July, 1892, 10 per cent; to Oct., 2%; in 1893, Jan.,2 ^ ; April, 2 % p. e.
F m tm l 1 * flm m p n Company and Postal Telegraph A Cable Oompany,
D ir e c to r s .—F, W, Carpenter, R. W. Comstock, 0. II Perkins, G* P.
The oldpoTHU took new w tm U fo r 35 per cent o f their face, and the old
stock 5 5er c-cnt of Its amount in new, Forocloeure suit begun by Farm* Wet mo re, O. L Hoyt, E, C. Darned, F. E, Perkins. President F, W.
erv jUwfc A T n u t Company November, 1885, and «nte took place Jamv Carpenter, Esq,* Providence, It. I. Transfer Agents, Maitland, Phelps
ary 15,1*86. Stock increased to 1800 to #10,900,000 for tm m M m m , ex* & Co., New York. V. 55, p. 1036.
8t, JPttfil C it y H a l l w a y . —SEE T w in C it y R aptd T r a n s it .
tenaSoi*, A c . In danuarv, 1893. it. wsw reported that, the Commercial
I slon Telegraph Company's line* had been tossed f o r 99 years at 6
S ilv e r B u l l t o n C e r tific a te s , — The silver bullion certificates
-per m tit on stock, Y„ 56. p. 43. A. B. Chandler, President, N ew York. dealt in on the N. Y. Stock Exchange represent each 1,000 ounces o f
—IV* 4$, p. 533; V. 60, p. 423, 703; V, 52, p. 239; V. 56, p. 43, 3,36,41 -D fine silver bullion deposited with th© Mercantile Safe Deposit Co. of New
JPracter Sc C a m b ip
'This company was formed to 1890 under York City. They are subjec t to a storage charge o f one cent per day per
the lavs o f New Jersey to acquire and carry o n the soap, candle, oils 1,000 ounces. On Nov. 22,1892, the Safe Deposit Company reported
5®« f&fmati&ssi manttfsctnrlng b«»lne#.* of Messrs. Procter & Gamble of to its possession in trust for outstanding certificates 1,459,000 ounces
.
tniJtoi .
___ __________
m n d m m U , The mortgage covers shout 67 acres o f land adjoining the of silver bullion.
T^tol
K
160
ESTVESTORS’
SUPPLEMENT.
LVol . LVI,
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s .
honds—PrincfIN T E R E S T O R D IV ID E N D S .
M ISC E LLA N E O U S.
D ate Size, or
pal,When Due.
A m ount
P ar
of
F o r e xp lan a tio n o f colum n headings, & c., see notes on
O utstanding R ate per PWhenle Where P ayab le, and by Stocks—Last
a yab
Cent.
Whom.
Bonds Value.
Dividend.
first page o f tables.
S un d a y Creek C o a l - 1 s t M., g., 8. f., subj. to call a t 1 0 5 .c*
f enn. Coal I. < lilt . C o —Common stock $20,000,000.........
£
Preferred stock (8 per oent cu m u lative)............................
Tenn. Coal & R R .— T racy C ity 1 s t and 2d m o rtgag es.. . .
Consolidated m ortgag e.........................................................
South P ittsb u rg Purchase, 1 s t m o r tg a g e ........................ •
A lice F u rn ace Co., A lab am a, 1 st m ortgag e................... c
P r a tt Coal & Iron Co., A la ., 1 s t M., a. f., not d raw n . ...c*
Birm ingham , A la ., D iv., con. M.f g., s. f. 1% , not d’ rn ..c
Tennessee D iv. bds, gold, s.f. 1 ^ % y e arly , not dr n .. c*
c De B ard. con. M ..gd.,guar.,s.f. $30,000 y ’ly ,n o t dr n.c*
< E u reka Co. bon ds................................................................
( C ertificates of Indebtedn ess.............. ■ ........ - - - - - - - - • - - •
Cahaba 1 st M., $1,100,000 gold, gu., a. f., red. a t 1 1 0 ..e*
T e rm in a l R a ilroa d Association — F irst m ortgage, g o ld .. .c
St, Louis B ridge & Tun. RR. 1 s t pref. stock, gu aran teed.
2d preferred stock, gu aran teed ........................................ 1 s t m ortgage.................................................... - - - - - ..........0
T unnel R ailroad o f St. Louis, stock, g u a r a n te e d ......... —
Texas Pac. L a n d Trust —1 Certificates o f p r o p r ie ty in t’st” .
“
Third Avenue Ry. (N . Y .)—S tock ............................................
1 s t m ortgage, g o ld ..........................................- - ....................
Thom son-Houston E lectric .— See G e n e r a l E le c t r ic .—
T h u rb er- Whyland — Common stock fo r $1,500,000 .........
P referred , 8 p er cen t cu m u la tiv e .....................................
1892
$ 1,000
100
100
1879 200 &c.
1,000
1881
1,000
1882
1,000
1882
1,000
1883
1,000
1887
1,000
1887
1890 500 &c.
1892
1889
1879
1,000
1,000
100
100
1,000
1887
100
1,000
Too
100
100
S io u x C it y & St. P a u l L a n d G r a n t .—The S iou x C ity & St, P au l
in 1879 w as consolidated w ith th e St. P a u l & S iou x C ity, and in 1880
th e consolidated com pany w as absorbed b y th e Chicago St. P a u l Min
neapolis & Omaha. T he land gra n t bonds m entioned in th e tab le w ere
a ll th at rem ained in M ay, 1893, of an issue o rig in ally am ounting to
$2,800,000. On M ay 2 ,1 8 9 3 , coupon num ber 18 w as paid. The bonds
are secured on a specific body o f lands. A . M. D rak e and A. H. W ilder,
tru ste e s, St. P a u l, Minn.
S o u t h e r n C o t t o n O il.—This com pany is organ ized underthe la w s
o f th e S tate of N ew Jersey, and ow ns eigh t crushing m ills in as m any
cities o f the South w ith an a g g re g a te c a p acity o f 1,600 tons o f seed
p e r day; also ow ns 6 refineries, etc. In 1889 p aid 12 per cen t on stock,
in 1892, M arch, 2 ^ per cent; June, 2Uj; in 1893, M arch, 2 1a. See sta te
m ent to N ew Y ork Stock E xchan ge in fu ll in Ch r o n icle , V. 49, p. 404.
Presiden t, H en ry C. Butcher. Office, Cam den, N. J.
S o u t h e r n A: A t l a n t i c . —Lines leased to W estern U nion and stock
guaran teed b y th e ren tal, 5 per cen t p er annum.
S te rlin g : I r o n & R a i l w a y . —The p rop erty o f this com pany, in
O range County, N. Y . (and a fe w acres in Rockland), con sists o f 25,000
acres of land, w ith fu rn aces, &c., h avin g a ca p a c ity o f 15,000 tons of
p ig iron per y ear and 7*2 m iles of railroads, houses, &c. The com pany
endorses th e $471,674 bonds o f the S terlin g M ountain R a ilw ay . Stock
Is $2,300,000—par, $50, N ew Y o rk office, 45 W illiam Street, N ew York.
S u g a r T r u s t . —See A m erican Su g ar R e fin in g Co m p a n y .
S u n d a y C re e k C o a l C o m p a n y o f C o lu m b u s , O h i o . —Or
g a n iz a t io n , P r o p e r t y , etc .—A n Ohio corporation for m ining and
m ark etin g m ineral coal, m an u factu rin g coke, etc., its p rop erty con
sistin g of about 14,000 acres o f coal lands in P e rry and A th en s coun
ties, Ohio, w ith im provem ents thereon, in cluding houses, also dock
p rop erty a t West Superior, Wis. H as in a ctive o je ra tio u four m ines,
h a v in g a c a p acity o f *,000 tons of coal p e r day. F u ll statem ent to
N. Y . Stock E xchan ge, w ith b alan ce sheet, wa^ in V. 56, p. 503.
Sto c k .—Preferred stock, $1,500,000, en titled to 5 per cen t per
annum , p a y in g 3 p e r cent p er annum, la st sem i-annual dividend Feb.,
18 9 3 , l 1^ per cen t; com mon stock is $2,250,000; par, $100.
B onds .—T he 'bonds are a m ortgage on th e en tire property,
v alu e d a t $1,250,000, and h a v e a sin k in g fu n d o f 2 cents per
ton on a ll the “ ro y a lty ” coal m ined a fte r the 1 s t of J a n u a ry, 1895.
Stockholders are also in d ivid u ally liab le under th e la w s o f Ohio for
deb ts of com pany equal to p a r v alu e o f th eir holdings.
O p e r a t io n s .— Ou tpu t has been— In 18 8 8 ,5 8 5,10 3 ton s; 1889, 581,501 to n s; 1890, 557,458 to n s: 18 9 1, 619,988 tons ; 1892, 648,172 tons;
N e t incom e fo r 1892, a fte r p a y in g tax e s, abou t $97,000; in terest, $24,OOO. A verag e net earnings p er annum fo r la st fi ve y ears a bou t $78,000.
in te re st charge w ill be $24,000. V. 56, p. 502. N. Y . office, 2 W all St.
T e n n e s s e e C o a l I r o n A R a i l r o a d C o m p a n y .—This com pany
o w n s b la st furnaces, coal m ines, iron m ines, foundries, &c., and co a l
and iron lands in Tennessee and Alabam a. The to ta l area of m ineral
lands and rig h ts ow ned and con trolled in 1893 w as about 400,000 acres,
o f w hich 274,000 acres are in A labam a and 126,425 acres are in T e n
nessee. Of th e la tte r 58,135 lie in Cocke and Green counties, in the
eastern portion o f th e S tate on the borders o f N. Carolina. B la s t fu r
naees Jan. 1, 1893, num bered 17, and d aily o u tpu t of coal 13,000 tons.
On Dec. 1 9 ,1 8 9 2 , th e Cahaba Coal M iuing Com pany w a s absorbed,
its property consisting of some 44,000 acres of coal and iron lands
situ ated in the counties o f B ibb, Shelby and Jefferson, A labam a, w ith
an ou tpu t o f about 800,000 tons of coal per annum. V. 55, p. 60, 463.
A n am algam ation w ith th e Do Bardeleben Coal & Iron Com pany w as
consum m ated in Septem ber, 1892. The separate corporate existen ce
o f the D e Bardeleben Co., as also th at o f the Cahaba Com pany, is m ain
tain ed , b u t for le g a l purposes only, both properties beim: operated as
a n in tegral p a rt of the Tenn. C. & I. A s to D e B ardeleben Co.see V. 5 1,
p. 447, 486, 10 11.
Mr. T. C. P la tt resigned presidency o f the Tennessee Coal in 1893,
Mr. Nat. B a x te r, Jr., bein g elected president. See V. 56, p. 530.
Sto c k . Common stock authorized, $20,000,000. T he am ount o u t
stand in g w as increased by $10,850,000 in 1892 to purchase the D eB ardeleben, Cahaba and E xcelsior com panies. (V. 55, p. 463.) Common
and preferred receive sam e d ividen ds a fte r each has received 8 p. ct.
D iv id e n d s .—Ou common in 1 8 8 7 ,1 per cen t,au d none since. On pre
ferred in 1889, 8 per c e n t ; in 1890, Jan u ary. 2% ; th e rem aining l i 5
p er cen t being taken b y State as ta x under law now repealed.— (See V.
■ 50 p. 72); in A u gu st, 1890, 4 ; in 18 9 1, 8; in 1892, 8; in 1893, Jan ., 4.
,
B onds .—The tw o issues, know n as th e Birm ingham D ivision and
th e Tennessee D ivision bonds, are each a lien on th eir own prop
e rty , as described in the m ortgage, and a second lion ou the p rop ertv of
th e other division. The total authorized issue o f the B irm ingham
due in 190 1 are all exch an geab le a t p a r for bonds of the N ashville
Ch attan ooga & St. Louis R ailw ay Com pany held b v th e Central Trust
■ Company. The De B ardeleben m ortgage is for $3,000,000, of which
$60,000 cauceled by sin k in g fund, $400,000 in tru st fo r E u re k a bon is
and $1,263,000 in tre a s u ry ; o f the la tte r $195,000 will be used to retire
certificates of indebtedness. The D e B ardeleben bonds w ere assumed
b y th e Tenn. Coal & Iron, under term s of purchase. See V. 56, p. 604.
F lo a t i ng D e b t , E t c .— Ou Jan . 31, 1893, total floatin g d ebt w a s
$2,994,435 (against $1,077,849 Jan. 31, 1892), of w hich $1,546)481
b ills payab le and $1,118,129 due from sundry creditors oil open ac'Oouut. To tal quick assets, $3,883,177, o f which $1,363,000 treasu ry
•bonds, $937,522 salab le part o f in ven to ry and $1,425,571 due from
su n d ry debtors on open account.
$400,000
6 g.
19,850,000
1, 000,000 8 per an.
6
148.000
6
29,000
6
120.000
7
300.000
7
675.000
3.483.000
1.283.000
if:
1.277.000
? e400.000
194,748
1, 000,000
6 g.
7.000.
000 4 12g.
2.490.000 6 p er an.
3 per
3.000.
000 an.
5.000.
000
1.250.000
9,193,500
See
7.000.
000 te x t.
5.000.
000 5 g-
J. & D. N .Y.S.D .D avis& C o40 W
Dec. 1, 1912
J.
A.
M.
F.
A.
M.
J.
A.
F.
& J.
& O.
& N.
& A.
& O.
& N.
< J.
fc
& O.
< A.
fc
N. Y .t 4th Nat. Bank.
N. Y ., M echanics’ Bank.
do
do
N. Y ., F ou rth Nat. Bk.
N. Y ., M echanics’ Bank.
do
do
N. Y . H an over N at. B ’k
N .Y .,4th N ation al B an k
N. Y ., H an over N at. B ’k.
Jan. 16,1893
Apr. 15, 1894
Nov. 1, 1901
Feb. 1, 1902
1893-1902
Nov. 1, 1903
Jan. 1, 1917
Jan. 1, 1917
Feb. 1, 1910
1904
J.
A.
J.
J.
A.
J.
&
&
&
&
&
&
N .Y .,4th N ational Bhnk.
N. Y ., D rex el, M. & Co.
do
do
do
do
N ew Y o rk and London.
N. Y ., D rex el, M. & Co.
Dec. 1, 1922
Oct. 1, 1939
Jan., 1893
Jan., 1893
Apr. 1, 1928
Jan. 1, 1893
D.
O.
J.
J.
O.
J.
M. & N.
N ew Y o rk .
J. & J. N. Y . ,F arm ers’L. &Tr. Co
M ay, 1893
Ju ly, 1937
N .Y .O ffice,116 ReadeSt.
1.000.
000 te x t. Feb.
See text.
See
do
do
Feb. 23, 1893
1.500.000 8 p er an. F. & A.
L a t e st E a r n in g s .— F rom Mar. 1 to Mar. 3 1, 1893, estim ated net,
$73,400; interest, etc., $60,300; b alan ce, surplus, $13,100.
A n n u a l R e po rt .—F isca l y e a r ends J a n u a ry 3 1. R ep ort for 1892-93
in V. 56, p. 710 , 7 9 1, ga ve earnin gs o f the several d ivisions separately,
F or th e w hole property operated reports h av e show n as follows, tlie
Bessem er D ivision in 1892-93 bein g in clu d ed fo r 1 1 m onths and the
Cahaba fo r 7 months.
1892.
18 9 1.
1890.
Year end. Ja n . 31.
1893.
1,58 3 ,170
1,776 ,8 8 1
Coal, output, t o n s .. 1,619,020
498,014
521,729
509,906
Coke, output, to n s...
290,220
260,378
Pig iron,output,tons
264,648
1 17 ,16 0
109,508
Iron ore, output,tons 124 ,574
$663,890
$692,071
$923,551
to ta l net p rofits....... $781,300
355,956
3 5 1,19 3
351,4 84
in terest on b on ds...
547,893
22,243
18,033
8,885
i iscell. in terest, & c .
5,589
80,000
80,000
80,000
80,000
iv id e n d s..................
T o tl disbursem ’ts. $453,727
$453,989
$440,078
$633,482
$209,901
$251,993
B alan ce, s u rp lu s .... $227,573
$290,069
D irectors—D. R oberts, M. E. Lopez, J. E . A d ger, T. H. Aldrich, W.
Percy, J. C. H askell. T. W. M yers, W. S. Gurnee, John H. Inm an, C. C.
B aldw in , Jas. T. W oodward, A . M. Shook. A . T. Sm ythe, T. T. Hillman,
T. C. P latt, N. B axter, Jr., H. F. D e B a rd e le b e n ; P residen t, N. Baxter,
Jr.; S ecretary and T reasu rer, Jas. Bow ron .
Office, N ash ville, T e n n .- (V . 54, p. 410, 447, 436, 801, 8 4 4 ,8 5 1 ,
968, 10 11; Y . 55, p. 60, 257, 463, 5 5 1, 810; V. 56, p. 247 , 403, 465, 539,
580, 7 1 0 , 7 9 1 .
T e r m i n a l R R . A s s o c ia t io n o f St. L o u i s . —Organized in
1889. The follow in g p rop rietary com panies are th e sole owners:
The Cleveland C incin n ati Chicago & St. Louis, L ouisville &
N ashville, 8t. Louis Iron M ountain & Southern, Ohio & Mississippi,
M issouri P acific and W abash. T hese com panies h ave agreed under
con tract to use th e p roperty forever and to pay as tolls a sum intended,
under ordinary circum stances, to be sufficient to provide fo r interest
on these bonds, in addition to ta<es, ren tals and other charges, and if,
ow in g to an y tem porary unforeseen circum stan ces the net earnings
should not be sufficient to m eet th e lit e d charges, each lin e w ill con
trib u te its proportion to th e e x te n t o f one-seventh of $1,000,000 to
m ake up an y deficiency.
L e a s e s .—T he leases o f th e B rid ge and th e Tunnel ar® fo r terms of
corp orate existen ce, and w ere m ade J u ly 1 ,1 8 8 1 , to the M issouri Pacific
and the W abash, b v w hich com panies th ey w ere assigned to the present
association. Under th e lease th e lessee guarantees 6 p er oent on the
Bridge Com pany’s $2,490,000 first preferred stock, 3 per cent on its
$3,000,000 second preferred stock and 6 p er ce n t on the Tunnel Com
pan y’s $1,250,000 com mon stock. The B rid ge Co’s. $2,500,0 00 common
stock w as held by the M ercantile T ru st Co., w ith pow er to vote on it.
B onds , E t c .—T he m ortgage o f 1889 (trustee, C en tral Trust Company)
w as described in advertisem en t in C h r o n icle o f February 1 3 , 1892.
On J a n u a ry 1, 1893, there w ere $527,083 re a l e sta te notes outstanding.
Iu April, 1893, the stocliholders vo ted to in crease the ca p ital stock
from $7,000,000 to $12,000,000. The bonded indebtedness will be
increased for the purpose o f ca rry in g out and com pleting the various
term inal im provem ents, in clu d in g th e n ew U nion Passenger Station
and the erection o f six la rge term in al w areh ou ses on the site of the
old passen ger station. (V. 56. 5, 669).)
A n n u a l R e p o r t .— Y ear ends D ecem ber 3 1. R eport for 1892 in V.
56, p. 462, showed earnin gs as fo llo w s :
Gross
Net.
Other in c .
Charges.
Surplus.
1892 .........$1,908,001 $1,050,465 $ 14 2,3 75 $1,006,322 $176,518
18 9 1 ......... 1,756,430
938,477
123,665
941,902
120,241
In 1892 out o f surplus w ere p a id : im provem ents, $60,011; interest
on real e sta te notes, $26,493. (V. 52, p. 6 8 0 ; V. 54, p. 277, 289, 444,
4 8 5 ; V. 56, p. 4 6 2 , 669.)
T e x a s P a c i f i c L a u d T r u s t . —The certificates o f this T rust repre
sent th e ow nership of the lands fo rm erly b elon gin g to th e Texas & Pa
cific R ailw ay. The tru stees o f th e lan d tru st are Messrs. Charles J.
Canda, Simeon J. D rake and W illiam Strauss, o f N ew York, and the
lands received consisted o f 3,450,642 acres and also $899,731 secured
b y purchasers’ con tracts. On J a n .l, 1893, th ere rem ained to the trust
3,360,667 acres of lan d. $376,270 deferred paym en ts and $220,592
b ills receivab le. Cash, $3,256. The lia b ilities w e re : Proprietary cer
tificates, $9,193,500; ou tstan d in g T e x as &. P acific R ailw ay, Eastern
D ivision , land secu rities, $342,834; due C en tral T ru st Ct)., $68,000;
v ou ch ers unpaid, $17,349. In 1892 th ere w ere sold 7,944 acres and 60
tow n lots for $24,413, a g a in st sales of $49,488 in 1891. Rentals
received from g ra zin g lands, $19,658. See d escription of lands in v .
47, p. 344. N ew York Office, No. 1 1 Pine Street.
T h i r d A v e n u e R a i l w a y , N . Y . — This com pan y o w e s a street
horse ra ilw a y from P a rk R ow , N ew Y o rk C ity, v ia Third Avenue, to the
Harlem R iver, 8 >4 m iles; and a cable road from Manhattan Street,
North R iv er, to 125th Street, H arlem R iv er, w ith branch 5% miles;
total, 14 m iles double track. A cable is b ein g laid ou the Third Avenue
line, and an increase o f stock from $5,000,000 to $7,00C,000 was
voted on J a n u a ry 18, 1893. See V. 56, p. 128. Paid dividends oi
1 1 per cen t in 1889 and o f 12 pel* cent in 1890 and 1891; iu 1392,
Tl« u r b e r - W H y l a n d . — O rganized 1890 under the la w s o f the State
,>f Now Je rsey to tak e o ver the en tire p rop erty and to carryon the
business o f the firm of Thurber,W hyland & Co., m anufacturing, import
ing and w h olesale grocers aud d ealers in gen eral merchandise, see
V. 52. p. 12 1 . Com plete statem ents o f earnings are published send'
MAP OF T H E
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162
INTESTORS’
SUPPLEMENT.
[ V o l. L V I.
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d in th e s e T a b le s .
IN T E R E S T O R D IV ID E N D S .
M ISC E LLA N E O U S.
D ate Size, or
A m ou nt
P ar
R ato per W hen W here p a yab le and byi
of
ffbr exp lan ation of colum n headings, &c., see notes on
O utstanding
Cent. P ayab le
Whom.
Bonds V alue.
first page o f tables.
P ref. stock, 8 p. o. cum .— See term s in ed’l M ay,’93, S u p .
Trow D ire ctory P r in t in g <£ B o o k b in d in g —Stock common.
P referred , 8 p er cen t cu m u la tive .....................................
■Twin City R a p id Tran sit— Stock ($20,000,000 authorized)
M inneapolis St. R’y Co. 1 s t M., gold, red. y e a rly a t 10 5.
Second m ortgage, gold .................................................. c*«fcr
F irst consolidated, gold ................................................ c*&r
St. P a u l C ity R a ilw ay Co., 1 s t consol, m ortgage, go ld ...
Cable consol., M .,gold,guar.by T w in C ity K a p.T r.C o.c*
Debentures, gold .............................................................----U n io n F e rry — 1 s t M., gold, red. at 11 0 a fte r Nov. 1 ,1 8 9 5 .
U n ited States B ook— Common sto c k .......................................
P referred (as to assets and earns.) 8 p. c. cu m u la tive.......
1 s t m ortgage, fo r $1,000,000, g o ld ..................................... c
U n ited States Express— S to ck ...........................................
U n ited Slates L ea th e r— Common stock for $60,000,000...
P referred stock fo r $60,000,000, cu m u lative 8 per cen t.
Deb. for $10,000,000. g.,s.f., 4 p. c., sub. to call a t 110.0*
U n ite d States Rubber—Common ($25,000,000 authorized)
Preferred ($25,000,000 authorized) 8 p. c.n on -cu m .......
Wells, Fa rgo d. Co. Express—S to c k ............................................
Western U n io n Telegraph— Stock .............................................
R eal est. bds.jg., (lien on W .U .B ld g., N .Y .C.)s.f.(not.dr.).
D ebentures (if d raw n, surrender is option al)............ c«fcr
Debentures, sin kin g fund 1 p er cent, d raw n a t 10 0 — c
Collateral T ru st b on ds......................................................... c*
$1,750,000
1,250,000
750,000
750.000
15,000,000
1,000
380.000
1,000
600,000
1,000
4,020,000
1,000
080.000
1.000
2,986,000
1,000
1,000,000
100&C.
2,200,000
100
2,000,000
100
2,000,000
1,000,000
100
10,000,000
100
(!)
100
(!)
1,000
6,000,000
100
19,842,600
100
19,251,500
100
6,250,000
100
94,820,000
1,000
1,214,000
1,000
4,920,000
£100 &c
821,066
1,000
8,262,000
$100
100
100
100
T re n to n Potteries.—Common sto c k .................................. -----
1880
1883
1889
1884
1887
1890
1890
1890
1893
1872
1875
1875
1888
.ann u ally. A v e rag e n et profits of the old firm for ten y e a rs ending
J a n u a ry 3 1 ,1 8 9 2 , w ere $220,084; n et profit fo r y e a r en din g F eb ru ary
4. 1893, $207,361, a gain st $210,942 in 1891-92. D i v i d e n d s — On
preferred from A u gu st, 18 9 1, to F eb ru ary, 1893, both in clusive, 4 per
•cent sem i-annually (8 p er ce n t per annum). On com m on stock— In
1892, F eb ru ary, 8 per cen t (annual). In F eb ru ary, 1893, no divid en d
w as paid on common, th e balan ce fo r 1892 ($87,361) a fte r paym en t on
preferred bein g canned to surplus account. Office, 1 1 6 Reade St., N. Y.
T r e n t o n P o t t e r i e s C o m p a n y .—O r g a n iz a t io n , E tc .—In c o rp o
rated under law s of N ew J ersey in M ay, 1892, to tak e o v rr and con
tin u e the business of five T renton, N. J.. p o tte ry com panies w h ich
w ere then supplying, it w as said, about 75 p er cen t o f th e co u n try’ s
t o t a l ou tpu t o f sa n ita ry plum bing w are.
D iv id e n d .— On common stock In 1893, F eb ru ary, 5 p er cent.
A n n u a l R e po rt .—F isca l y e a r ends D ecem ber 3 1. F irst re p o rt (for
7*2 m onths to D ecem ber 3 1 ,18 9 2 ), w as in V . 56, p. 288, and showed
n e t earnings, $216,534; exp enses o f adm inistration, $ 11,43 5; dividends
<4 p e r c e n t on p referred and 5 on common), $137,500; b alan ce, surplus,
;$67,599. N et P r o fits o f the com panies in 18 9 1 w ere $401,000,
average n et profits fo r three y ears 1888-1891 w ere $ 3 14,5 73 . Profits
fo r 1 8 9 1 equaled 8 per cent on p ref rred and 16 per oent on common.
See advertisem en t in Ch ro n icle Ju n e 1 1 , 1892. A. M. K id d er & Co.,
1 8 W all Street, F isca l A gen ts. (Y. 56, p. 2 8 8.)
T r o w D i r e c t o r y P r i n t i n g Ac B o o k b i n d i n g . —O rganized in
1891 tinder la w s of N ew Jersey to ca rry on the business o f the T row Di-rectory Co., established in 1786, and of Trow ’s P rin tin g & B ookbind in g
Com pany, established in 1826. The a vera ge n et profits o f the tw o con
cern s fo r the five years ending D ecem ber 31,1890, a fte r p rovid in g for
cost o f m aterials, labor, cost or renew als and repairs, etc., as determ ined
b y p u b lic accountants, w as $132,282. P rofits tor 1890 w ere $143,736.
S ee advertisem en t in Chronicle o f J u ly 18,1891. Q u arterly dividends
■ of 2 p e rc e n t (8 per annum) w ere paid on preferred stock re g u la rly u n til
1893, w h en on accoun t o f certain unoollected claim s the F eb ru ary d ivi
dend w as deferred. Proposition to exe cu te a m ortgage fo r $100,000
w ill be voted upon Ju n e 17, ’93. R obert W. Sm ith, P residen t, N .v C ity.
T w i n C it y R a p i d T r a n s i t . —(See M a p .)— This com pany, w ith a
•capital of $20,000,000, of w hich $15,000,000 h as been issued and
$5,000,000 is still in the com pany’s treasu ry, ow ns, controls and oper
a tes, un der e xclu sive ch arters, a ll th e street ra ilw a y lines o f the tw o
•cities, M inneapolis and St. P a u l; th e origin al com panies bein g known
a s the M inneapolis S treet R a ilw a y Com pany, M inneapolis L yn d ale A
c
M innetonka R a ilw a y Com pany, and th e St. P a u l C ity R a ilw a y Com
p an y. The above includes also the e x c lu s iv e r ig h t to operate street
•oars b etw een th e tw o cities.
The entire system now consists o f 2 1 1 m iles of standard gau g e road,
o f w h ich 200 m iles is electric and 1 1 m iles cable, a ll o f w h ich has been
re ce n tly b u ilt or rebuilt, and th orou gh ly equipped. A double tra c k eleo■ tric lin e, 9 m iles long, connects the business cen tres o f th e tw o cities.
B onds .—The M inneapolis S treet R ’ y Co. jo in tly and se v era lly with
th e M inneapolis L yn d ale & M innetonka R a ilw a y C om pany has issued
$5,000,000 (which includes $980,000 held in tru st b y th e F arm ers’ Loan
AcT ru st Com pany to redeem the $980,000 prior lie n bonds) 5 per cent 30v e a r first m ortgage and first consolidated m ortgage gold bonds under
& m ortgage lim ited to $5,000,000.
The St. P a u l C ity R a ilw a y C om pany has issued $4,203,000 5 p er cent
50-year cable consolidated bonds (including $680,000 held b y the F arm
e r s ’ Loan & T ru st Com pany, trustee, to redeem the $680,000 prior lien
bonds above) under a m ortgage lim ited to $5,500,000 bonds. U nder
th e m ortgage these bonds can only be issued a gain st th e a ctu a l cash
•cost o f construction, under a m ileage lim it of $15,000 p er m ile. These
•consols are endorsed w ith an u nconditional g u aran ty o f princiDal and
In te re st by the T w in C ity R apid T ran sit Co.
The St. P au l Com pany lias also issued, un der a m ortgage subject to
t h e above, $1,000,000 gold d ebenture 6 p er cent 10 -year bonds.
A c c o u n t s , E t c ., P a y a b l e .— On J a n u a ry 1 ,1 8 9 3 , the M inneapolis
S treet R a ilw a y Com pany had outstanding notes and accoun ts payab le
a g g re g a tin g $1,296,350, of w h ich $391,967 w ere bills payable; curren t
assets, $457,944. On sam e d ate th e St. P a u l Com pany had notes and
a ccou n ts p a yab le of $ 1,2 29 ,515, o f w h ich $921,456 w ere b ills payab le;
cu rre n t assets, $ 176 ,79 1. There w ere also outstan din g m ortgage notes
o f th e Mlnnen polis Com pany fo r $101,000 and o f the St. P a u l Com pany
n otes for $17,500.
A s s e t s .— The assets of th e com pany, as show n b y the la st annual re
port (not including th e fran ch ise or rig h t o f w ay) is $14,093,232, of
w hich $2,556,906 is real estate.
L a t e s t E a r n in g s .— F rom Jan. 1 to Mar. 3 1, 1893 (3 m os.), gross
$ 4 9 4 ,172 , a gain st $-135,090 in 1892 ; Det, $158,976, again st $122,294.
A n n u a l R e p o r t .— R eport fo r 1892 in C h ro n icle Y . 56, p. 461,
•showed results on the en tire p rop erty as fo llo w s :
Y ear —
Gr. earn*gs.
yet.
Interest. Rentals , etc. B a l. surp.
3.892.............. $2,187,580 $824,241 $474,360 $10 9 ,315 $240,567
1 8 9 1 .............. 1,820,592
...............................................................................
F isca l A gen ts, J. K ennedy, Tod Ac Co., 45 W all Street. (V. 56, p. 4 6 1 .
U n i o n F e r r y . — This com pany operates five fe rr y lin es between
N ew Y o rk and B rooklyn . C ap ital stock is $3,000,000; p a r $100. The
(mortgage covers a ll the com pan y’s property, in clu d in g 19 fe rr y
b oats, real estate, etc. President, G eorge W. Quintard.
U n i t e d S t a t e s B o o k C o m p a n y . — A N ow J ersey corporation
th a t in 1890 took o ver the business o f Joh n W. L o ve ll and other com
panies. In F eb ru ary, 1893, Charles W. G ould w as appoin ted receiver.
S ee V . 56, p. 207. S tock listed in June, 189 1. A s to bonds see a d v e r
tisement in Ch r o n icle o f J a n u a ry 9, 1892. N ew Y o rk Office, No. 5
See te x t.
8 per an.
See text. Q .- F .
N ew Y ork .
7 g. M. & N. N .Y ., Farm . L. Ac Tr. Co.
6 g. M. Ac N.
do
do
do
do
5 g. J15& Jl5
do
do
6 g. A. Ac 0.
do
do
5 g. J15&J 15
fe
do
do
6 g. M. < N.
fe
5 g. M. « N. N. Y „ H. B. H ollins.
6 g. J. & J.
In default.
See te x t. M. 6c N. N. Y ., Office, 49 B ’w ay.
6 g. M. & N.
8 p er an.
8 p er an.
See text.
7 g7
6 g.
5
Dividend.
N. Y ., A . M. K id d er & CoJ Feb. l , 1893
do
do
Q .-M .
Moll. 10,1893
M. A N.
J. & J.
Q .- J .
M. Ac N.
M. & N.
M. & 8.
J. & J.
N ew Y o ik City.
N e w Yorh C ity.
N. Y „ Office, 63 B ’w av.
N. Y ., Office, 19 5 B ’ w ay.
N. Y ., U nion T ru st Co.
N. Y ., T reasu rer’s Office.
London,M orton.R.& Co.
N. Y ., Office, 19 5 B ’w ay.
See text.
Nov. 1,
Nov. 1,
Jan. 15,
Oct. 1,
J a n .15,
M ay 1,
N ov. 1,
1910
1913
1919
1934
1937
1900
1920
1910
M ay 15,18 9 3
M ay
1, 1913
New
M ay 1, 1893
Jan. 16,18 93
A pr. 17, 1893
M ay i , 1902
M ay 1, 1900
Men. 1, 1900
Jan. 1. 1938
E ast 16 th Street. (V. 52, p. 974; V. 56, p. 207.) F lo a tin g d e b t is sa
to be abou t $1,000,000. R eorg an ization pending.
U n it e d S ta te s E x p r e s s .—In Septem ber, 1887, the stock wan In
creased $3,000,000, raisin g it to $10,000,000, and the B altim ore A Ohio
c
E x p ress w as purchased. Business on the Lehigh V a lle y system w?
acquired iu F eb ru ary, 1893. See V . 56, p. 207. D ividends since 1880
From 188 1 to 1887 in clusive, 4 p e r cent; in 1888, 5; in 1889, 5. Tn
M ay, 1890, 2; in N ovem ber, 2; in 18 9 1, M ay, 2; th en none till
N ovem ber, 1892, 2 ; in 1893, M ay, 2 per cent. (V. 56, p. 207.)
U n it e d S ta te s R u b b e r . —Or g a n iz a t io n and P r o p e r t y .—Or
gan ized under la w s of N ow J e rsey in O ctober, 1892, for th e m an u fac
tu re o f ru b b er boots and shoes, etc., and either ow ned abso lu tely o ijp e f
m an entlv controlled nine out o f th e fifteen concerns then engaged in
this business, in clu d ing th e Am erican R ubber Co. o f B oston , the Candee Com pany o f N ew H aven , the G oodyear R u bber Com pan y o f Nau
gatuck, etc.: it w as also to con trol three o f the other establishm ents.
R eal estate, m ach in ery, lasts, etc., w ere appraised a t $5,055,000; other
assets, m an u factu red goods, b ills receivab le, etc., a t $6,491,900. See
fu ll ap p lication to N. Y . Stock E x ch a n g e in D ecem ber. 1892, in V. 55,
p. 10 39 ; also fu rth er p a rticu la rs V. 56, p. 539. In M ay, 1893, the
W oonsocket R ubber, M arvel R u b b er and L aw ren ce F e ltin g Companies
w ere absorbed, $5,851,400 preferred and th e sam e am ount o f common
stock being issued therefor.
Sto c k .—P r e f erred stock h as preferen ce as to assets and earnings,
and no bonded or m ortgage d ebt can be created w itho ut consent in
w ritin g of holders of three-fourths o f each cla ss of stock. Common is
en titled to a ll surplus a fte r eigh t per cent on preferred. L isted on th<.
S tock E x ch a n g e in D ecem ber, 1892. See w ord in g o f pref. certificate
in e d ito rial o f M ay, 1893, Su p p l e m e n t .
P rice of Sto c k .—Common—In 1892, 38% 048% ; in 1893, to M ay 19,
in clusive, 33®6058.
E arning s .—A v e ra g e profits for th e nine com panies fo r ten years
w ere f959,499. T o ta l profits in 18 9 1, $ 1,18 1,18 6 .
D irectors .—G eorge F. Brown, Charles A. Coffin, Sam uel P. Colt,
E d w a rd Cornell, R ob ert D. Evans, Jam es B. Ford, Charles R. F lin t, J.
H ow ard Ford, R obert M. G a lla w ay, W illiam H. H ill, H enry L. H otch
kiss, H. B. H ollins, G eorge H. Hood, Charles L. Johnson, W. W. Ladd,
Jr., Jam es P. Lan gdon , G eorge A. L ew is, E d w in A. Lew is, M. C. M artin,
F red erick M. Shepard, R ichard C. Sibley, J. E d w a rd Simmons, W illiam
L. Trenholm , John P. Tow nsend, Sam uel N. W illiam s. The officers a r e :
President, R ob ert D . E v a n s ; T reasurer, Charles R. F lint. N. Y . Office,
22 W illiam Street. .(V. 55, p. 1036, 1039; V. 56, p. 539, 700.)
U n it e d S ta te * L e a t h e r . —Or g a n iz a t io n , E tc .— Incorporated in
1892 under the law s o f N ew Je rsey to ta k e o v er th e properties and
business o f a la rg e num ber o f concerns fo r m an y years engaged in the
tan n in g and sale o f sole and b e lt leather. A ssets, it is said, w ill amount
to a t le a st seven tim es th e am ount o f the debentures, a bout 40 per cent
rep resen tin g real estate and th e balan ce hides, b a rk and other personal
property. V . 56, p. 757.
Sto c k .—The ca p italization consists o f $60,000,000 of 8 per cent
cu m u lative preferred stock, issued for a ctu a l property, exclu sive of
good w ill, and $60,000,000 o f com m on stock. See w ording of pref. cer
tificate in e d ito rial o f M ay 1 ,1 8 9 3 , Su p p l e m e n t .
B onds .—The debentures are issued to furnish w o rk in g capital. I t is
provided in the certificate o f incorp oration and in th e by-law s th a t no
fu rth er debentures o f bonds (exceptin g th e $10,000,000 o f debentures)
and no m ortgage bonds can be issued b y th e com pan y u nless b y the
consent o f 80 per cen t o f the preferred stock outstan din g a t th e tim e ;
and it is agreed in th e debentures th a t if a n y m ortgage is p u t upon the
p roperty tnis issue of debentures sh all be eq u a lly secured pro ra ta b y
it. S inking fu n d 4 per cent o f issue y e arly, the debentures to be pur
chased or draw n a t 110 . See adv. in C h r o n icle o f M ay 6 ,18 9 3.
E arning s .—T he principal vendors claim that the average annual net
earnings for the past five years of the business conveyed to the com
pany have exceeded eight times the amount neoessary to pay the annual
interest and sinking fund charges upon the debentures.
D ir e c to r s , E tc .—Thom as E. P ro cto r, P residen t M ark H oyt, VicePresiden t; Josiah T . Tubby, S e cre ta ry; Jam es R. Plum , Treasurer;
Jam es Horton, G eorge A . V ail, N orm an Schultz.
W e l l s , F a r g o E x p r e s s . — No a nn u al rep orts or inform ation. In
M arch, 1888, th is com pany b ought th e E rie E x p re ss of the New
York L a k e E rie Ac W estern R ailroad Com pany. D ividends of 8 p er cent
y e a rly h av e b een paid for m an y years. (V. 46, p. 3 7 1 ; V . 48, p. 172.)
W e s t e r n U n io n T e l e g r a p h . —Chartered under the laws of New
Y o rk S tate on A p r il 4, 1856. On Jan . 19. 18 8 1, w as dated the grand
consolidation, in w hich th e W estern U nion raised its stock to $80,000,000, giv in g p ar, or $15,000,000 for the stock and bonds of the Am eri
can Union, 60 per cen t for old A t. & Pac. stock in n ew West. Un., and a
stock distribution of 48 per cei. t to W est. Union shareholders.
In N ovem ber, 1887, an issue o $5,000,000 o f stock w as given in pay'
■
v
*L(
m ent for the telegrap h system o i th e B altim ore & Ohio Telegraph Co.
In O ctober, 1892, the stockholders vo ted to in crease the stick from
$86,200,000 to $100,000,000, of w h ich $8,620,000 w as then paid as
scrip divid en d to rep resen t surplus earnin gs expended on the property.
See V. 55, p. 463, 545, 724, 75 5 , 806, and dividends below .
D iv id e n d s .—In A p ril, 1886, the q u arte rly dividend w as paid in scrip,
and no m ore dividends w ere paid till J u ly, 1887, w h en cash dividends
w ere resum ed a t 1 per cent, afterw ard s increased to l ^ p . c. quarterly.
In J a n u a ry, 1890, a n e x tr a dividend o f % of one per cen t w as piid. On
D ec. 3, 1892, a stock dividend o f 10 per cen t w as paid on $86,109,852
stock; in 1893, J a n u a ry , I U per cent in c a s h ; A pril, 1 U per cert.
P r ic e of Sto c k .—In 1884, 49®7818 ; iu 1885, 5 3 1^'Si8138; in 1886,
60i8®80L>; in 1887, 6 7U ® 8178; in 1888, 7038086%; in 1889,
8109088%; in 1890, 71% ® 8 7; in 18 9 1, 76 ® 8 5 U ; in 1892,8231003s;
in 1893 to M ay 19. in clu sive, SOU® 10 1.
163
MISCELLANEOUS STOCKS AND BONDS.
M a y , 1893.]
Bmnte—
Pi'lnct'
IN TE R E S T OB DIVID END S.
m S C E LLAYE O U -.
pal,When Due"
Date Size, or
Amount
When Where payable and by Storks—Last,
of
Par
For ew iau atioa <>t tolomn Uwulixigs, i c . , w » note* ou
Outstanding Rate iier; Payable
Whom.
Dividend.
Cent.
Bonds Value.
ttm pitK# o f table*.
------— --- $181,650
5,157.331
3,608,940 7 per an. J. *fc J.|N. Y., Office, 120 B ’way
..................
6
....
600.000
M. & 8. X. 5'.. 120 Broadway.
194,562
6 g. .1. .1 D. Dec.'31 coup, last paid.
:
2,000,000
6 g. 51- & S.
None paid.
1.500.000
5 g. J. & J. N. Y „ Central Trust
984.000
See text. Seetext, N. Y., Office, 18 B'way.
780.000
do
do
5*20,000 8 per an. F. A A.
6 g . J. A D.jN. Y . Atlantic Trust Co.
480.000
6 e. J. < D.
fc
do
do
560.000
5 g. 51. & ffiiN .Y ., J. Walker * Son.
375.000
5.500.000
2,000,000 7 per an. >1. Jk N. N . Y., Guar. & lad. Co
Wuhnghouw EUrtrte <t -U<p fa it'tr’g. -O ld com. stoek............
$50
Assenting atoi-St....... ........... .....................................—
—
5"
F to t pref. ($4,000,000} *toeb, 7 p. . omn, (see reinarkg)
....
50
V S. Electric LicMCo. bonds C$50,000 paid yearly)......................... .
t
lis a '
t . " ,iurnnjc tiii Mitr'-h,!)-!.)-> gftlfl......... 1BOO
,
H-,:.. i i n . : i iv -.6 . O w l - l e t M . gold, red. at 105..C-, 1889
m itcbrea*! Fuel—Common stock ...............................................
f ! . .>.•» Briiiirr- ! -t M., cold,
0 t,
m
red. at 1 l o aft. M ar M l 1890
It. W orthiM M m ( P v m p n - C onanon stock.............. ..........
Prvterred a* to iwseta and dividend* 7 p. c. cum.......... j —
r .o o o
1,000
1.000
jo g
1^88
1.000
100
100
Boffi ■ -T h e c o lla te ra l trust bonds «>f 1888 (trustee. Mercantile Trust
Cmdphuv , are issued to retire an equal amount o! stock and bond# o f
ration.* telegraph and cable companies for the interest or dividends on
which the W™t.trn tfnion Company tellable, these when so retired to
beheld m security for the a©w bOMUh
U f f e f EAR$w m «°~ E a d n ia M net e a r n in g lo r the n im month#* ndtog March 31. 1893, com par.' with the actual results in the tame period
of *891-2 a* follow.4, 0 m V. 56,,p. 4 t 4 j
months m vim g Mur. 31.
A etttU l.J W f t .
Ksttm . 1892-93,
$5,910,210
N*?Vrev» nito.T.........T.................... ........ f5.028.O3
730.005
interest on \mnds mud shaking fund ....
727rm f
0 % % } 3,447.203
I
- - >'•
Jan. 1, 1393
In 15 years.
Sept.. 1900
Dec, 1. 1939
Sept. 1, 1940
Jan. l . 1919
Oct. 1, 1891
Feb. 1, 1893
June 1, 1908
.Tune 1, 1920
Sept. 1, 1915
New.
WauHnghottse, Jr President, George WcstimrUonse, dir.; Vlce-PresideBt*. teinnel Bannister, George W. Hefeard: Trensurer, P. R Kobbd.
N. V. office is at 120 Broadway. (V. 34. p. 763; V. 33. p. 531.)
W h e t l l n g B r id g e A T e r m i n a l H a l l w a y . —This company
own* a railway bridge at Wheeling, West Va., oompleD'd in 1891, and
about 10 uules of term teal track, eoauectim; with Cleveland & Pitts
burg, Cleveland Londn & Wheeling and Wheeling *fe Lake Erie on Ohio
side, and Baltimore & Ohio, Ohio R iver Bait wav and Pittafe’g Whcelng
*t Kentucky (Pennsylvania system* on the Wheeling side. Tim Martins
Ferry Terminal property was purchased at for, closure* sale- Dee, 12,
1892, by the W. B. a T. By. Co. and will be mad * subje-1 to the inortgages described its- the tab! • above. An ext- nsi«*n o f 3 miles from
Wheeling to Bmiwood, where there arc iron and steel plants, is under
contract. {V. 54, p. 1624
SaroliM for qim.rt#r......................... f 1,808.103
Nominal •urplu* Mar. 31...................................
$6,089,818
W h e e l i n g L a k e K r l « Sc P l t h l n i r s ( ’m i1 - Oryanizcd Aug.
.
A shijai.
year end* l o s e 30; report for 1891-92 7, 1988. to work the coal in Jeiferam lAnitity, Ohio, adiaecnt to the
Wheeling St Luke Eric Railway* by which company it is controlled.
1888-St.
1880-90.
1890-01. 189192.
Owns upward o f 6,300 iu res o f coal and has four inte«s in operation,
Tiasr iftitiio o J umm 30*
f
f
f
^
each thoroughly feotiipnod. Capital stock Is $1,000,000, o f which
Keretture for the vc*r. ...20,783,194 22,387.029 23,034,321 23,706,40.5 9679*000 U owimmI ny ion Wheeling & Lake Erie By. Co. There is a
Op**f.exp’*,r**nt.,t’ xre,Ai?. 14,565,153 15.074,3**4 16,429,740 16.30«,857 steking fund 5 cents a ion for which the bond- may be called for p ay
ment at 105 and interest. For six month#sliding Dee. 31, 1891, out
. . . . . . 6,218,041 7,312,725 6.605,585 7Jt0§,54? put of coal wm 302,755 tons, and net earnings were 8-15.869. In
Net prottt-c....
......... 4,3 0 9 ,5 2 0 4 ,9 5 6 ,0 0 8 4.3 0 9 .0 0 6 4 ,3 0 *M *3 » year** 1890-91 coal produced was 391,737 tons , net income, $43,415.
Dividend* paid.
891,219
890,532 —*V. 54. p. 3674
875,135
55,686
latere*t on Iwnd*
39,991
39,991.
40,000
$0,082
SlnklOig fund:* —
U h lts fe re a a t P n e l. —Owns 2.797 wr*- and Um#e.^ In perpetuity
ll*t>
arm- ruea t * . 5,105. t 8 5.871,143 5,240326 52240,161 980 &ere« road land at Cleveland, in taieas tNullity, and at Marysville
Total l ,304.759
and Swan, Marion County, Iowa. Also ow im 10,500 acres coal land
1,112,853 1.441,582
Bala a , ..f
lil Bureau County, 111, and !*• r-e^ for 17 year# the property
7,408,489 8,611,402 10.052,983 11,41
Iter. J uly
**f the Iowa and Illinois Coal Company f l 9,804 acres coal and 360
Total nnm. Spjrp* 3nne
acre* surface) and guarantees its h opL. Bee umdicatlon to
9,611,402 10.052.984 11,41" 742 13376,127 New ’ ork Week Exchange in full. C niioxrcia, V. 45, p, 676, The Iowa
30 t
Y
i »he ra the property and biainiwi » f th e company A niteola Coal Co.A
are guaraufee*} a* to both principal and
The toll
ad cttffterei
Interest. Tticv are rol^n n atle $20,000 yearl\ at 110, and on Juno 1.
lf«37. the whole issue may feo paid at saws* rate Bcp*»ri for 1890-94
MiIre of Mite# of No o|
Probte,
was it* V, 53* p. 3437, Total stock attUlorin d, $2,000,000.
#. Wire. Qfftere Afre.8AgCA. fhroehp
YeaB , 1
T Tote
,5l>H
f2,624,1119 i E.-Ui'NiNos. - July 1,1892, te Mar. 31, 1803 <0 months), not earning*
5,81rn.282
I860
., 4i8,270 85,291 2,565
&4.109 1 12401
; 9,1.1IT-,.640 7-,138,,737 2*227,1165 were $102,011. agutest $81.995 in 1891-92, About $1,500 dcdncfcil
Itehb 70
5,833,937 |ft*%m eamtega in July and August of 1892 And p la o d in fin* eipilpnibD.t
;
.2
|M79-so ! g;5,645 W 3 I 0,077' 29,2115,,509 1 .
•
6,005,1^87 mvl real relate unking fund*. To make a fait oiiuiuirtwn it is tuddthift
T.S90--91 ||f7,f*8l 715,591 '20,01*8i 59, T 18,,343 23.
.4:04
145 j should ho «ddi**l t«» the tiel earning* for that your.
*!>
.
20,700' 02,3.'’ 298 sit,7 0 6 *
1891 -92 1<- 570 7ttC*,l05 t
In year ending June 30. 1802,
earnings were $1,001,639;
; T. ISttkedrtkJohn r.
s
r m Et.rto m * far 1892--95T- S o r t $i* <>re«a, Tbo
A0 jB. ficfftrell. tn t. 8 16,5*721, a«L0H#t8l83*2Mt in 1889-00; iuN 5e>d, $32,400 * linking
moll Saip#» Alan1
Terry%Jmlm Van
4u 6!m»ld, Sidill j tend. Ac.. $26,1 8 7 ; dividend*, $91,000; surplu** for year, $16,134.
J; 0W ild, .
flbteerf C, e:um t f , t
tewans Si;#^ti,
Cl, Woofi*. H enry Weaver* JPcrcy K. Ty ne, Chiu*!** Lanier, And-ln Our- • N X\ Olhee, 18 Broadway. (V. 33, p. 367, 8814
tite, ,l r
AVI iio im l l r i d s c , —Own - bridge o ver the Mb e-'opid At Winona
Mlmttd If-HHcd t»* the Clticagp Burltaglrii 4 Northern, Winon * 4 BOtitb*
f W n.p.F V ,
Whwnii* 1 baric# V M ayer, Cfesmncwrf M. I3hS|»nw, Jain*## w . fTfemleftiis* * wrwlcfw and Gft^w liny Wtemm St 8f. Paul, The-sin king fund hog 11#
'
lie art it. f'ltedwr, t l m t y B. ttyd*‘. w. Murray * ram*. * Wflre. 195 BmiMl- Mar, t, 180*. afterpaym en t o f 2% p. r, ynarly on stock. V, 53. p. 437
X city, ..iC '.-4 p . '<66, 4 8 2 , M9I ; % 5 4 , t>. 158* 4 4 7 ,5 0 1 ,
'..
% «. :
l l o t i r y It . W o r t fa I n
t
R .«-O n iiQ li^ l in 1.893 under lawn o f
145. 6 3 7 , 7; 1, 25 3, 906* 895, 1036 ; V. 5lf* p* 3313 New- Jerroy to take over And CArry on the ex tend ve bn*lneH#of mittiTtmn ti l » r t«t r l a
ijgc C N » 4N|/ \ Ofiiediiiing ^team pumps mat pmiiplng euvincs; erliihlfeihed In 1845 by
;
W e « * I i » k 1 * 0 » * K !e «■t H r A
<
-T h i- ( f i a p a a i ha* a rharter scranted ay lint Btato o f Pnna*y|- Henry H Wor4htegt*»«, The total oreet* are, sabl to be nearly double
Hno
o f pref. stock and the profit# for three year* past to have
o f the tttaMfactMrt find §&!» n f iHtentncM the entire
van is It* lMfcin*M pflwfeiii of i
ti»>a itefeoitif, *uN*o*r« and ^caaraibn* far averaged ^4$0,O7h pur anttiiti*. tbfe » i« » u a t B rcw im ry to pay tho d id ’
fo r iswdmted |ftd t m
dBnd ajwn the preferred #t«ek being # 140,000. (kxitpatty began hits!i H iija , mrr- mid itwm idtmtm al lasnfm, and
w
»t»4S«:
n»-ry wfrte am!
flhotlt Imnded or floating indcloedmeeA and no mort-ghge can bo
twc*l in %hm conimertiatl application* o f
a SCea«»ral l»iw of »|
placed ott the p ro p er^ except by a vote of holder* o f 75 per cun of the
nt
ud p asret fniri*####.
M M trtd ly f**f litffeti
rty
hie fm d tiF f plant lex III# rtty o f Pltti*tmrc. preferred •to ci. tBre V, 56, p, 234.1 New York ollliT, 86 U b er 8t.
Tin*' cmnpip.? »>
till miciic.«f*jl*cre*l, am i cm piny* iihotti 1*00*0
P » , , rm r»*a li-*ta tc l
it*. It operates, ionicf Ic m C
h Hi
■
fnrn in Ste ■»rp
‘h*«<* dr-pori-i
Electric Liichttnf Company at Nowtit# fa o to fl^ o f file U nil* !
m i ST
00’ S
B R O O K 1A D
3h%ht- Corapan y
ark. N* 3.. a|d the factofr 1 the Couimlidatc*l
1
rtlrd Str*set. New Y« »rk a |t*. $ the name of the 8a wtn w # ~ itwite
, 1.893, V, 50, ]».. '290, tor 1
latuDOA Mlnwt#,
ycr M » Jpl*€?tn: Omu inu tf, employi » g tetb «t ot UtBin factories nri
c
>r nniiire o f .r*m r * tid d ire c to r
e*.
»,
uflnn ,* so© otepi nycre.
m m m that the com ny ha* cmOrrown te;
r«>f !• w i
furiilu# «v In v irm HIM! ■ aid in 1891 & !1892
p
w
East Pfiiabtir# Irnpr*»vc
[jMfnrire. g fid- ha* contracted • ith l h « 1
*
U noIV w l
and date nuid HUM »i.
*u
Com panika ,
■ f 23 acre* o f land m th# erection o f imildo
S
r# « M fnitr
From #
'Xcccd ^50C),00O abov 0 tin
<!><.tot ic* t*
> cc3l,92j F crind. T il 4 T»2Jlawtr Paid %
raid
rjHarteriy Itistalulent# of |E2fj,O0O and inter
#URI f
?Jn, 1, 1804
m t tm
ion o f th e «
f, eott#tttf>uiAt«d in the latter Atlantic . .... 100) 500,0001 789,381 Q —J. 12 j 12 A p r ,,*93. 3
'Under a *|
*;, e*
pn,rt o f JB||, ttec stomkhi» r n m Oir tin| ;*}> V. mentioned com petti ea were Br*H»kivn* ....
M>r..,*93, 5
,439.013 H , - J . 17 20
1
x#bmmm- the4r atm k for «*foek In the Weittat^onae Electric Central f .
ait
(.300.023; lit iiion [50 30 (M ay. *93. 5
g
1
A Man
tuVfim com]pNatiy, an< 14.624 *»hare* o f the Uliiteti Btate-s Continental». lOO; 500,000 303,7f»n
New.
Fie.-! r -• rSfhting Compstttf fool *>f H
ctotel o f 15,000.1 and 23,771 «harre JFarm. L. & Tr. 25j l ,000,000 •,,017,617 \<L~ k .: ‘ <80 M ay, '93, 10
.
f3.#tebd,iktctl Kter-tfio Llarht <
rfitiipa
of f
my lout of a total o f 24,26-D j Franklin
1100 1,000,000’
u —j . j 8 ! 8 Apr., ’93. 3
• <ailedi wnsaMslre# of thit prtrihK v
>
g©
J 3 M ay, *93. 1%
lid o ! 500,000 : 331,181 Q.— F.
Hamilton
1*a11r,dj 8T0€i
lo o t 500,000 M 2 ,541 u.reF, l i b ’ 10 Mitv, *93, 2 8*
l
*1
ea pi tel 1
§tm>k o f the coiBpany te $10*000.000. ! Holland ,
.
! 6 May, ’ 93. 3
481,326 M, A N . I
y Mar. 1. W m . $331,050 preferred; Kings County.
Of wfeb•Ifclhcit 'ira# In ithe- troa
J,
P#e o f stock have 9491)4 j KnickcrbockT 10Ot 750,000 301.804 ■ A J. ;; i 6 Jaii., ‘93. 3
$
and 8i f f l ,000 twmuU.teg ifo irk. ' A ll « te^M
.
282.285! Q.,™J. 1 8 j 8 A p r ,.*03. 2
Tim te f"p refereu e# 8toek eArrlio cumulative »Uvi- | LongLL.ATrC
******* rr. ’
5
-fit 1 . ’ *93. 2H
1
irffT fwr c n lp o r AUtiurtf*. with right to imrtkdpAte.equelly with i Manhattan ... 30 il.OOO,000 286,101 J. A J.
10
1
Jau., *93. 5
tier *t4pk After* the vaittc cliaft have recelvm 7 ju’t m *t. and prefer- 1 MerejuitUe,.... 10012,000,000 ' .750,176 J, A J. 1 ' 1
iltel $4 d * prf ipal. See wordteg o f preferred c*>rtlhcate in edi* 1 MetroiK)lltan . 100; l ,000,000■ 807,589 3. A J. I 6 j 6 Jnii. i; 5793.3
6 ; Fete, T)3. 3
too! 500,000; 184.8301
MfMViatE
tm ini nO fa y ,” tfSSfB, BtTFFtXM&'f,
! 0
. Jun., *93 6
,135,5 M i
.
l)rv*b4Nr*8. - b n preferred stock an interim dividend o f 1 p e rc e n t' N. Y.Gmir.A T
j &
5202,39 4 1 . ”) b . 25 ’ '130" Dec,, ’92. 15
N.Y. Lf. l.&Tr.
* i a pi% F*ui. 1 , 1892; in July paid 3% percent; in 1893, Jan., 3%,
l4
.
N ew ,
N. Y. Hoc. A Tr. 1.00; \,<100,0001 052,837
A n x m . BKr*teT.- Fiscal year end** March 31, Report for 1902-3 | PcoiileC_ __. 100 1,000,000 839.22-5; Q. ~ F . s " | 8* May, m . 2
_
mhowed' net, earning?'. ft*?m lnwlm-o *1 ,191.817; from o feaer sourere, : IT I Esi. L. «k T, lOO 300,000 305,01)0 i
. Feb , *93. 2%
$112.767, totel.net earning*, ¥1 d*0i,5H3; Ititerest paid wt bonds aitd [ State
v r Feb,, ’93. 3
100 l.oodjm o 8 14,6921 F. Ss A .
serfp* $1*0,674■ ■ dlridendA ou pref, #ti»ek. #23fK608, The net e»m.lng.* |Title Oit-ATr,' ! io o !2JM>0,000 701,08 4
;
'Jau., •03. 3
1.1, A J. 5 1
are gW* n after ♦'•harging m *»iy-r»tteg M jjefiw * Addition*, etc., to j Union;.... ...
'{2(1 May, *93. 6
17274,771 q.,- J .
iofllifiar*, $84,747; IsrSero*! and discount, $'*8,187, amt $155,484 for - United State*
A J. 125 i28% JiUi., *93. 16
i,520,775
Mmintmnmg mMnhiwttf and. t*#dx In high order- Total to credit o f in- Washington. 100^ 500,000 403,7561
.j .. . . J a u , ’93, 3
come pf* 01 tut as per h»i.ioe»* sheet Mar. 31, 1893, #2,757,649. T h e #tatejf»et*£ to t.h# 1C T, 0|oek { h e k t s f * was In V. 54, p. 70S,
1
* Dividend payable Jan. I, 1893, nut euibraced for tliU cumpany In
Dtetr Tf*n- —Brayton Ives 1Chairman o f the Board), Ch&fle* Fraacfa j 4 aurpltts,” ete,
4
Admiw.
Banniarfer* Au*pi*f Hetmont, N. W, Puiuistead, A. M. ; 6 Dividend of Jan. 1,1893., charged to profit and teas and not ernByer«, MarceUua lla r tle v .G W. Habard. flenrjr B. Hyde and Georgy brsM ieAin1 iu r p lu s / ’ etc1
r r p
« M
i t
M
o
r g
a
n
,
K
a N
i f c o
l r r i f k
n o *
B
I .
R o
A
l w
41
4
1
1
0
5
0
1
0
t i j e « , J o
i r t a , f l h
164
BANK, GAB, INSURANCE AND HORSE RAILROAD STOCKS.
NEW Y O R K CTTY B A N K S .
(* Ind icates State banks.)
(Sec officers, V. 56, p. 84, 88 and 128.)
D iv id e n d s .
Surplus
C a p it a l .
COMPANIES.
Par Am ount. dates, t Period. L891. L892. Latest. %
—------ if
$
$
ran. ’93. 4
8
8
.00 1,000,000 2,292,500 r. a j .
7
7
M ay'93. 3%
100 5,000.000 2,272.000 M. A N.
..... .....
100 250,000 303,000
3
6 Tan. '93. 3
100 300,000 In liquid ation.
12
ran. *03. 6
LO
O 250,000 525,200 T. A J. 12
16
1,614,100 I. A .1. 16
ran. '93. 8
25 .,000,000
8
8 I a n ,'93. 4
25 300,000 318,300 T. A. J.
8.300
LO
O 100.000
7
Tan.’93. 3*?
7
100 2,000,000 606,100 j . & j .
10
fan. ’93. 5
io n 500,000 L,198,700 J. A J. 10
16
A p r.'93. 4
16
25 450,000 926,700 Q .- J .
L50 Slay ’93.25
100 300,000 7,221,400 Bi-m’ly. l50
7 J a n ,'93. 3Hs
7
25 600,000 491,200 J. A J.
15
May '93.10
Gltv
......... 100 L,000,000 2,635,700 M. A N. 1 5
5 J a n .’93. 2
33,000
6
100 300,000
to o 000 -**29,200
6
8 J a n .'93. 4
100 300,000 283,500
8 Jan. *93. 4
8
100 5,000,000 3,664,300 J. A J.
7 J a n .'93. 4
7
100 1,000,000 271.400 T. & J.
12
F eb .'93. 6
100 1,000,000 1,232,200 F. & A. 12
8 Tan.'93. 4
250,000 144,900 J. A J.
8
5 M a y ’93. 2 1?
38.200
100 100,000
8 Ian. ’93. 4
8
l l t l i Ward*. 25 100,000 232,500
Eiup. S tate’1. 100 250,000 111 .600 J. A J.
*26 100
6
6 J u lv ’ 92. 3
F ifth ............ 100 200,000 318,500 j . & j .
75 100 A p r .’93.25
F ifth A v e * . . 100 100,000 957,300 Q .-J First .......... 100 500.000 7.230.000 Q .- J . 100 100 Apr. '93.25
7
7 J n n .'93. 3H
100 3,200,000 2,022,800 J. & J.
M a y '93. 3
82,500
14 th Street* 100 100,000
103,500
38,200
12 A p r .'93. 6
50 1,000,000 1,589,300 A. & O. 12
G allatin —
46,500
200,000
200r000 481.100
7 F e b .'93. SH
750,000 293,800 F. A A.
6
12
16 M a y '93.16
G erm ’n Ex.* 100 200,000 624,000 M ay.
10 M a y '93. 5
100 200,000 563,600 M. A N. 10
6 M a y '93. 3
6
Greenwich*. 25 200,000 171,300 M. A N.
7,000
100 200,000
100,000
23,100
fc
7
7 J a n .’93. 5
H an over__ 100 1,000.000 1,895,100 ,T. < J.
100 500,000
64,600
6 M a v ’93. 3
6
100 100.000 109,100 M. A N.
200,000 161.600
F e b .’93. 3
20 Jan. '93.10
Imp. A Trad. 100 1,500,000 5,796.300 j . A j . 34
8 J a n .'93. 4
8
50 500,000 348,800 j . & j .
I r v i n g .........
10 Jan. ’93. 5
Leath er Mfr. 100 600.000 570,200 J. A J. 10
500,000
47,200
100 300,000 438.600
6
7 F e b .’93. 4
Jan. ’ 87. 3
M adis’n Sq.* 100 500,000 189,500 J. A J.
7 Feb. '93. 3b!
7
M anhattan ' 50 2.050,000 1,795,200 F. & A.
100 750,000 824.500 J. A J.
8
8 J a n .'93. 5
Mkt A F u lt.
8
8 J a n .’93. 4
M echanics’ . 25 2,000,000 2,126.700 J. A J.
400,000 434,300 j . & j .
8
8 J a n .’93. 5
Mecli. A T r* 25
6 J a n .’93. 3
6
M erca n tile .. 100 1.000,000 1,130,400 J. A J.
2,000,000 1.013,800 J. A J.
7
7 J a n .’93. 3 b.
M erchants’ . 50
6 J a n .’93. 3
6
Mercb. E x .. 50 600,000 196,000 J. A J.
D e e .'92. 6
11
M etropolis*. 100 300,000 764,500 J. & D. 10
6
6 J a n .’93. 3
Mt. M orris*. 100 250,000 335,600 J. A J.
16 A p r .’93. 4
M urr’y Hill* 50 100,000 400,500 Q .- J .
16
200,000
33,000
N a s s a u * __ 100 500,000 282,100 M. A N.
8
8 M a y '93. 4
100 2,50,000 107,400
10 J a n .’93. 5
N ew Y o rk .. 100 2,000,000 2,097,200 J. A J. 10
N. Y. County 100 200,000 559,600 J. A J.
8 J a n .’93. 4
8
N. Y . N. E x . 100 300,000 166.80C F. A A.
6
6 F e b .’93. 3
N inth ........ 100 750,000 348,800 J. A J.
3 1?
N ine’th W’d* 100 100,000
62,100 J. A J.
6
6 J a n .’93. 3
6
N. Am erica. . 70 700,000 638,300 J. A J.
6 J a n .'93. 3
Oriental* ... 25 300,00C 422,90C J. A ,T. 10
10 J a n .'93. 5
Pacific* __ 50 422,700 463,700 Q .- F .
8
8 M a y '93. 2
P a r k ............ 100 2,000,000 3,094,100 J. A J. 10
10 J a n .’93. 5
10 J a n .’93. 5
People’s* ... 25 200,000 331,900 J. A J. 10
P h e n ix ....... 20 1,000,000 470,300 J. A J.
6
6 J a n .’93. 3
100,000 103,100
Prod.E xch.* 100 1,000,000 318,400 A. A O.
6
6 A p r .’93. 3
Republic ... 100 1,500,000 943,900 j . & j .
8
8 J a n .’ 93. 4
50,400
IOC
100,000
St. N icholas' 1 00 500,000 145,800 J. A J.
6
6 J a n .'93. 3
Seaboard ... IOC 500, ooc
6H
234,200 J. A J.
6 J a n .’93. 3
300,OO
C
10(
J. A ,T. 10
10
Seventh . . . 100 300,000 121,600 J. A J.
6
6 Jan. '93. 3
IOC 200.001
93.501
Shoe A L’tlu 100 500,000| 277,900 j . A J
8
8 J a n .’93. 4
S i x t h .......... 1 0
< 200,0001 350,000 ,T. & J 12
12 Jan. ’93. 6
Southern .. 100 1,000.0001 182,001 J. A J.
6
6 Jan. '93. 3
S tate*......... 10(
100.000
15,400 ........
State of N. Y 100 1,200,000 i 530,200 M. A N.
6
6 M a y ’ 93. 3
T h ir d ......... 10( 1.000.000 130,200 J. A J Nil
.Tilly ’90. 21?
Tradesm ens 40 i 750 ,00C 205,900 J. A J
2
4 J a n .’93. 2
T w e’f.W ard 100 200,00C
99,400 .........
23d Ward*. 1 0 0 1 0 0 ,0 0 c
13,500 .........
Union Sq.*. 100 200,000 ! 190,900 .........
U. S ta te s ... 100 500,000 543,500 Q .- J .
8
8 A pr. '93. 2
W estern ... ]00i2,100.001 ; 280,201
5
6 Jan. '93. 3
West Side*. lOO1 200,000 278.500 J. & J 12
12 J a n .’93. 6
t M ay 4 for N ational bauks and M arch 13 for S tate banks.
N EW Y O R K AN D B R O O K L Y N G A S CO M PAN IES.
N EW Y O R K
C IT Y F IR E IN S U R A N C E CO M PAN IES.
C a p it a l .
C o m p a n ie s .
Par.
A m e rica n ...
B o w e r y .......
B ro a d w a y . .
C itizens’ __
Com’n w ’lth .
Continental.
E a g le ...........
Em pire C ity.
F a r ra g u t__
G erm an Am .
G e rm a n ia ...
G lo b e ...........
G ree n w ich ..
H am ilto n . . .
H a n o v e r__
H o m e ..........
K in gs C o __
M an.ABuild.
N assau .........
N iagara........
North R iver.
P a c ilic .........
P e te r Cooper
P h e n ix .........
R utgers’
.
S tu yvesa n t .
U n it’d St ates
W estcliest’r .
W illiam sb’ g.
50
25
25
20
100
100
40
100
50
100
50
50
25
15
50
100
20
100
50
50
25
25
20
50
25
25
25
10
50
[VoL. l v i .
Am ount.
N et
D iv id e n d s .
Surplus,
Dec. 31,
1892.* 1890. 1891. 1892. L a st Paid,
i 1
1
J
$
$
400,000 124,859
200,000
49,205
200,000 123,975
300,000
21,485
500,000
35,018
1,000,000 1,785,861
300,000 640,199
200,000
38,426
200.000
38,159
1,000,000 2,256,915
1,000,000 1,0 11,649
200,000
17,664
200,000 121,0 5 7
28,401
150,000
1,000,000 397,881
3,000,000 1,213,804
150,000 181,650
200,000
40,532
200,000 243,211
500,000 413,160
11,0 43
350,000
200,000 247,445
150,000 15 6 ,4 16
1,000,000 543,744
200,000 108.867
200,000
25,324
250,000 150 ,9 12
300,000 426,730
250,000 6 9 3 ,111
10
10
10
’93. 5 I
6
6
6 July, ’92. 3
11
11
10 Feb., ’93. 5
6*?
6 1?
6*2 Jan., ’93. 3L)
3
6 Jan., ’93. 3
14
14
14 Jan ., ’93. 7*7
121? 10
12 H
i
93. 5
6
6
'93. 3
J0
a
10
10
10 Jan., ’93. 5
20
20
20 Jan., ’93.10
10
10 Jan., ’93. 5
10
8
8
8
’93. 3
5
10
10
10 Jan., ’93. 5
6
6
Jan., ’93. 3
i i
10
10
10 Jan ., ’93.
10
10 Jau., ’93. 5
10
n
12
12
12 Jan., ’ 93. 6
6
6
4 *2 Ju ly, ’92. 1*2
10
10 Jau., ’93. 5
10
10
10
10 Jan., ’ 93. 5
c
6
6
6 Apr. ’93. 3
12
11
10 Jan. ’93. 5
12
11
10 Feb. ’93. 5
10
10
10 Jan. ’ 93. 5
10
10
10 Jan. ’93. 5
c
6*2
6
6 Jan. ’93. 3
11
10
10 Jan. ’ 93. 5
10
10
10 Feb. ’93. 5
20
20
20 Jan. ’ 93. 10
l
* O ver a ll liabilities, in cluding re in surance, ca p ita l and scrip.
NEW Y O R K A N D B R O O K L Y N S T R E E T R A IL R O A D S .
For earnings, etc., see C h r o n icle index.
Divide m ds and rnterest.
R a il r o a d s .
P ar.
$
Am ount.
Period.
$
Rate.*
’91. ’92.
D ate,
t
%
50 1,195,450 Q .- J .
6
6 O c t'9 2 ,lis
7 M ay 1, '94
500 140,000 M. A N. 7
1,000 759,000 A. A 0. 5g. 5 Oe. 1.1909
1,000 1.405,000 A. A 0. 5g. 5g. Oct. 1, '31
420,000
5
5
So. Brook. Cent. 1 s t M.
500 125,000 F. A A. 7
7 Aug. 1, ’97
500 150.000 F. A A. 6
2d m ortgag e.................
6 Aug. 1. '97
100 900,000 J. A J. lb , ib , J a n .’93, %
B le e ck er S treet— Stockll
1,000 700,000 J. A J. 7
1 s t m o rtg a g e ................
7 Jail 1,1900
to o 2,100,000 Q .- J . 10 10 A p .’ 93,28)
B ’w a y A 7 t h A v .—Stockll
1,000 1,500,000 J. A D. 5
5 June, 1904
1 s t m o rtgag e ................
1,000 500,000 J. A J. 5
2d m o rtgag e ................
5 .1 ul v, 1914
B ’w ’y S u r f.- ls tM .g u a r 1,000 1,125,000 J. A J. 5
5 Ju ly, 1 924
1,000 1,000.000 .T. A J. 5
2d M.. int. as ren tal.
5 J ul v, 1905
So. F erry RR. IstM .gu . 1,000 350,000 A. A O . 5
5 A p. 1.1919
100 525,000 Q, -F. 8
B ro a d w a y (Brooklyn) -. 8
(?)
1,000 250,000
1 st m o rtgag e ................
A J. 5
5 (Jo’s opti'n
1 s t M,, Y a te s A y. guar 1,000 100,000 J. A J. 5
5
do
10 9,000,000 Q .- J .
B rook lyn C ity—S to c k V .
8 A pr.,’93, 2
8
Gen. M., red. in 1 9 1 6 . 500 Ac 3,000,000 J. A J.
5 J u ly ,1941
B ’k lyn Crosst'n 1 s t M. 1,000 200,000 J. A J. 5
5 Ju ly, 1908
Gr. St. A N ew t’n 1 st M 1,000 200,000 F. A A. 5
5
1906
C al.Cem . G. P. A B . 1 st M 1,000 200,000 J. A D . 6
6 Jne 1,1907
N ew . Wmsb. A F l’t. IstM 1.000 200,000 F. A A.
1897
7
G. P. ALorim er St. 1 st M 1,000 125,000 M. A N . 6
6
19 10
Brooklyn C ity A N ew t’n
100 1,000,000 Q - F
4
4 M av, ’93,1
1,000 1,600,000 .J. A J. 5
Consolidated m ort—
5 Ju ly, 1939
Br’klvn H eights 1st M.a. 1,000 250,000 A. A O. 5
5
100 6,000,000
100 3,000,000
100 600,000 Q —J. 7
C en tral Crosst’n— Stock.
7 A pr. 93 1
1,000 250,000 M. A N. <
1 s t m o rtg a g e....... ........
>
6 N o v .. 1922
100 1,800,000 Q .- J .
Cent. P ark. N. A E . R iv.e
4H 5 b, A pr.,’93, 2
1,000 1,200,000 J. A D. 7
Consol, m o rtg a g e .......
7 Dec., 1902
Christopher A 10th StJ..
100 650,000 Q —J.
8
8 Apr.,’93, 2
1 s t m ort., 5s, 6s A 7 s . . 1,000 180,000 A. A O. 7 Ac 7 & c Oct., 1898
Coney Isla n d * Brooklyn
100 1,000,000 A. A O . Nil. 4 A pr.,’93, 3
1 s t m o rtg a g e ................ 1,000 300,000 J. A J. 5
5 J a n l ,1904
C ertificate of in d e b t.. 1,000 200,000 J. A J. 6
6 Co.’s opt’u
1). D. E. B. A B a t — Stock
100 1,200,000 Quar.
8
8 M av ,’9 3 ,2
1 s t m o rtgag e ................ 500 Ac 840,000 J. A D. 7
7 June, 1893
N ew m ort., gold, 1892 1,000
1932
J. A D.
5g.
(?)
C ert.of debt,sub.to call 100 )
1 F &A. 6
6 Feb., 1914
Do
n o t s’ bjeet 100 )
1 F A A. 5
5 Feb., 1914
E igh th A ven u e—S to ck ..
100 1,000,000 Quar. 10 17 Apr. .’9 3,2
100 1,000,000 F. A A. 6
6 Feb., 1914
Scrip................................
42d A Gr. St. F o r.—S t’k d
100 748,000 Q .- F . 16 16 M ay,'93, 4
7 Apr., 1893
1,000 236,OOC A . A O. 7
100 2.500.000
42d St. Mail. & St. N. A v.
Nil.
1 s t m o rtgag e ................
1,000 1,200,000 M. A S. 6
6 M cli.,1910
2d m ort. incom e 6s —
1,000 1.500,00(1 j . & j . 6
Jan ., 1915
100 7,050,000 ............. Nil. Nil.
II. W. St. A P a v. F ’y — S t’k
1 s t m o rtgag e ................
500 500,0001J. A J. 7
Ju ly, 1894
20 197.4 SC
1 s t m ortgage, gold__
1,000 415,000 J. A J. 5g. 5g. J a n l,1930
100 30000000
M etropolitan T ractio n .«
100 30000000 J. A J. 4
8 J u ly,’92, 1
N inth A ven u e— S to c k ...
1 0 0 ; 8 0 0 ,0 0 0 Q-—J. i 1 is 4i? Apr.93 1 *?
G as Co m pan ies .
D ividends and Interest.
Second A ven u e— S to c k ..
41? Anr.,’9 3 ,1
100 1,862,OOC Q .- J . ! 4
(Brooklyn com pan’s, Par. Am ount. Period.
1 s t m o rtgag e................ 1,000 1.600,000 M. A N. ! 5
5 1Nov., 1909
see V. 56, p. 82.)
•91. ’ 92. ‘ D ate. %
5 l.lan., 1909
D eb en tures...................
1,00C 150,000 J. A J. 5
Sixth A ven u e— Stock b . .
IOC 2,000,000 Q .- J .
9 A p .'93,131
8
B eck ton Construct. $100 $2,500,000 ..........
Third A v e n u e — Stock a.
IOC 7,000,000 M. A N. 12
7 M ay,'93, 2
P re!., (V. 56, p. 82) 100 2,500,000
1 s t m o rtgag e................ 1,000 5,000,000 J. A J. 5
5 J'v 1,19 3 7
Brooklyn G.-L.— Stk.
25 2,000,000 V arious 2
4
M ay, ’93.2
Tw en ty-th ird St.— Stock
100 600,000 Q .- F . 10 10 May 98,2 b,
C en tral— S t o c k .........
50
500,000 F. & A 4
4
Feb., ’93.2
D eb en tu res...............
1,000 150.00C J.
J 5
5 Jan., 190(5
Citizens’ G.-L.(B’kln) >
B ’ w ay. 1 s t M., g u a r ...
1,000 375,000 J. A J 5
C o n solid ated ............. >See M iscellane oils Com pan ies.
5 Ju ly, 1924
12,000,000
E a s t R iver G a s ........ 5
1 s t m ortgag:e, g o ld —
!2,000,000|f . a a 1 5g. 5g Ag. 1.1942
Fulton Mimic.— Stk..
100 3,000,000 Q .- J .
9i? 8 Apr. 15, ’93.2
Bonds, red. a t 100 1,000
300,000 J. & J. 6
6 Jan. 1,1 9 0 0
* The figures in th ese colum ns represen t for stock th e rate per cent of
M etrop. (B*kin)—Stk. 100
870,000 J.AD.30 5
6 Dee.30’92.3
dividends, for bonds th e rate p er ce n t o f in te re st—both per annum,
1 s t m o rtg a g e ......... 1,000
250,000 A. A O. 5
Apr. 1,1898
t Th is colum n sh ow s la st dividend oil stoclcs, and m atu rity of bonds.
M utual (N. Y.)— Stk.
100 3,500,000 J. A J. 5
Jan ., ’93.3
|| Leased to Tw en ty-th ird Street.
N assau (B’kln)— Stk.
25 1,250,000 1Q.—J.
6
6 A p r.,1893.1*2
} In June, 1890, leased to Cen tral Crosstow u a t 8 per cen t per annum.
Herm......................... V ar’s
700,000 M, & N. 5
5
Co.’ s option.
IT Leased to H ouston W est St. A P a vo n ia F e rry a t 10 p. c. per annum.
People's, (B’ld ji)-S tk.
10 1,000,000 Q .-M . 6
6 M a rl5 ,’9 3 .1 12
§ S tock authorized, $12,000,000. See L. I. T raction Co. in m iscellaneous.
1 s t M. red. a t 100. 1,000
400,000 M. A N. 5
5
M ay, 1907
a — See “ M iscellaneous Com panies.”
D ebenture, 10-20s. V a r’s
94,001. A. A O. 6
Apr., 1900
6
b Leased to Hons. W est St. & P a von ia F e rry at 7 per cent per annum.
Standard, pref.— Stk.
3%
3,500,000
A
erry, etc., for 999 years.
8 per
W illiam sbu rg............
50 1,000,600 Q .- J .
6 A pr., 1 8 9 3 .1 ^ cec Leased to H. W. S. 1, P a v Fth erea fte r 9 per cent, See R entalp. 8947
n t on stook till Oct.
1897:
V. 55,
1 s t m o r tg a g e ........ 1,000 1,000,000 A < O. 6
fc
6 A pr. 1 , 190)0
d Leaded to M etropolitan Cross Tow n and H ouston West Street A
‘ This colum n ehows la st divid en d o n slocks, and m a tu rity o t bonds.
P a vo n ia F e rry com panies.
A tla n ticA v .(B 'k ly n ) st'k
1 s t m o rtg a g e ................
G eneral m o rtgag e .......
Cons. M „ $3,000,000, g
■
M ay , 189a]
-RAILROAD EARNINGS
M O N T H L Y
Jan.
A t, T op, &
|?e 5ty» * « » . . • ........- f 2h
\m m j
i* » t o . ..(7,114 to l.rkM in.).
IflSW., 1.7 5 4 to 7, 130 nj„>,
,1 1
is e a ........ .
I*. A: S . tor. S vm.
i s m .......a . n u
IS88...... ........ U,*J1 « * ) .
1893..-.......... 0,884 m .) - f
A i d * * dc S a n P r a a . 1881 . ...
Uft&..(gMK)0 to S .m m.;.
1882_ __ 18,94*4 mo
_ _
Feb.
ft
675.6W
668*107
3.087*694
3 .2 i0 *ia »
3,367,So-t=
■ ”
.»6B0 « U
»
i:A M *.y
737.»*0o;
W 0m ... ......
C h i c B a r i * Ac ijfcuiue*
l ^ W . . ............. ..»*&&* m J
2,717,408'
W m ,..,. d.iA 'J l u i ^ J S a . '!
IjSH2,
0 9* f© 0323 UB.,i
n*er ......... .m j m m j .
i » !
1 *b l e * Ac K « *it. i 111m o j* ■
i « , , , . ... ........ J-VM *».,!••
IfNil.........f
86 4*0 m. !
■
s s d
13
0as*:
*
m m , , , , , .. .....
© h ie * A lt t w * A '*£. F .
lalfjr
Ut
m .«
U d .t il!
M
* \ , .....
AMttitt,..
. 6*121 » i 4
, ..
.
«g j a t ai
iJ W M B
J
Ch k * 6k N# rt fc w «s»< n
*
m m ..,. 44,280 fta 4je&* m.t
I M i , ...{ $ & & t o 4.27J flg,-
W
8
&
,
m
.
J
m m ...., .......... u A T J m .r
aOO,U5|
1^,732.
218,299:
2 il.3 il:
176.082}
178.3^!
1 8 «,5 ^
*108.154
371,994
270,864!
366.571
s m .m
916,367
. ....
& n . „ u iM * m
m m __ ________
m m . , , .......... H
4S»y 60R.
436*73*1
A4;.*«W!
68>t.r4-!
,43t te.;
S&.j
a tj
C l a * H , © . A: T m , F .
.
....
J8/
ti0.437
m m * 4!
4,268,758
I
«
s.aae.ui?
827,780
8I8,«88
780,343
772,065
517.06#>
62S1.075
781,571*
im & SSi
212.707
f f l
S
747.42«j
876,3071
*A58y,410 3.160.7C
2 -217.001 ^CSStfTW
«
1*317,759
W
48,900,110
40,71O,5CK)
2,327.051 24.310,529
2.242,841 24.945,182
2.103,3-14 +26,100,000
219,555;
235,Wte
241,577
191*856
223,668
*212,243
198,264
234.339
231,770
2 ,««,3 9 «
M
SKtf
477,662
410,905
300.104
394*967
418,355
4,85i,?W0
& s m
1.607*715
2,74Y0M4
jt & S S
s a d
2.980.7WJ 2,740.583 3*731.390
< « i S 8 Kto m S
2.824975: 3,Md.395- 8.214.136
240,416
»
2*7,415
M
j,- , 1
I j m i - t o : 51.077,754 t
2.131,803 2,105.5601
2,161,446- »,7 0 «r156
f
«
!
380.076-
j
"w tfu
IS S S il- S
UBOm i
2,>>3a,0tX
2.*4B^I7.
t t
1,766,447
1.734,490
i
w
«
,& « m « i
1.UU.M 4
u .o a B a ia
U0,sf«,0Ba
l,0 » t,l!M
S l.i0 8 .S iS J
, «
'
S ,IA l> »u
a ?a>.iwl
...... > *MUSoT
IMi.TtM
m
........... j
•••■■
lM % m
i .s s u i m
l A O x i l a ; 1 .2 2 M 7 I
i ,8 ;i ,? « J i,io«;?s.!
1.295.634
1 , » m6 ,C
1,811,4
■ ll
864.112
^
l S S ’4 i
877,2161 1,004370
S ffil
t m j m '.
401 . « 5 A»7,.i4«
*v i 7.5mh
OOB^sao-
-1,186.408 3,870,850
3,99 j .4:S8
37,044,*638
221,541
237,7*6
249,276
192.142;
571,524!
m & jm .
4*524,396
4,615,762
4,618,312
T o t a l.
862,880
426,.874
427,400
B
i 1,079,700; 1.163,320 1,196.206
i 1,054,^:.: i . i m . t m
12250,4431,160,601 I I S E S
705.7
9:‘ 0.39>
S ^ *2 ^ V
830, <34
309,193!
S4i,ikl9j
*.S0.i,004
630 017 >
366*41 L
5 7 » .« li
O2O.650
57- F l *
711*2560
M l ,499 •
| | t arc* *
m la m l
810.8-17. STi.lOSi
PAAte?!
»1 M Q
m .m
» 8 t6(|N
% »,03h
344.901 \
TW.8SJ
a s
010.027
820,938
83W.081
342.8-07 i
858,656;
415,288
270.162
336,383
-7?0:,^to
7,719,814
0,383,930
3S,l*l,5H 4
8S,35a.375
40,412,401
Iffis +1,104,029
sgggss
M92W4
3,650,986 2,4M,280 26,810,820
.4*314*186 0,U91,t>4U 2W,8tS0.®7
3,3-16,281 3 ,:-i8.0 >2 83.340,612
IS !
t , « » , o u ; L i r n ^ j l u n s iiiw
I jifs .la j: ! , » ? , . « « s . « s . » , *
t , « s e s * i i * a j * iu. i ,« 7 d ,i« :
880,102
1*176.897
M 55,403
».-44i,i8H s , m a w ' * . « s , « r i [ s , » u . tsj
---------- S .sw .fa u 3 ,M U U (.| s S S a >
i . a i s j s . i a * ® ; * * s S m Ij m
a,«H.,S36! S 030 659-:
i.T^janM
863.754
961,303!
x j j t o o ; 3,714,*
m ...
.
m ijm
iC L U i*
I M i ........ . * ***. o tm m j
Wm,
. .*** , 0 m m .t
A la . lit.
D ec.
2,982,445
8,090,513
3,222,373
i
t4«22,872 1,219*863 1.067^15
.'7.I..V5 «*.»
CI. 156 m ,
a o.
3,854,878
3.839.478
I f f l
1,154,917> I J 86 JNI-
i& *,, & & & to 4.156 re,>
l0S
.
......... . .
Nov*
3,8^,882
3.582,331
3,744,190
942,065
901.572
1,288.960
1*5X^080!
I ,j8W.7W9l
1.568,482'
l*97«.660
C h i c . R . I « l . .k i* a e «
laaw * ............ .
„m » m.i.
I 6W * .
O c t.
:
;
206.6S9
954*607
966,1157
1,72.8.062
1,707.8*1
■
0 h U > m. f . B .
iC S * .......
SW
S e p t,
2,251,087
2.372,159 I p J ^ s I f m ^ n i '-n u s m
2,415,111 2.094,709 2,333,450 : 2,131.4-34
iaoA %
170,374
310^76
201^46
821,703.
6U M B7f
Utf&a (1.*&« to IJM m. i
O
A n ar.
2.894,092
3 ,184,062
3,408.486
1,092,207
1345.180
2.096.590;
1^86,788
.......
ta t fit.)
iiS ffa ,... jttel t*> 1.25* m.i
J u ly .
3*808.655. 3.619,145!
! 3,494.418 3.770,640 j
1*3,535.748'
m m . . , , . ......... .- u m a t j
1093. - • - ............'664 m o
; Jane.
R A IL R O A D S .
665,962
698.064!
B £
B S S S
i,360J33
“ *
m 074
C br»m|»m.lM* A O hio
M ar.
654,023
C * b i . o f N ew J*r *w *f - l* * * l............... .
A p r il
P R IN C IP A L
2,625,142 2 ,w * ,a i 8 3,005,718
3,573,818 K.8M.S9S 2,953,1831
3.708.249
8.076*676 j
3,171,344 'S d fM p iB ;
3473,346; 3 ^ l7 ,0 « e
3.630,595.
ftS W ilW ; 3.684.590
i f t o L . 1,5.>4 to V5U Bl-.I.
imi.,,,........» .i
M arch .
O P
f
B a l t i m o r e <S O h i o —
c
1880..
.. { ! .063 t> ■ 1.>*» l a . ) .
1,934,758
to 1,966m.K t.9u:j.453
1882.. ..-U ,*5d t*j 1
a*. >.
1893.. ... IjWtf to 2,(87 m o - 1^32,0 H)
B a li. A O h io S o a t h w .1580..................... i m i m . )
1881.. . . . . . . . m >.
1M6.W**'
W « ......... ........ . . { S S l n u
335,m0»p
1883......................
333,toW
B a r i . t e «l. i i . A: S o . 218,133;
is**),.., ... . . 0*046 m j .
:
.
■
351.734!
u « f ... . . • . . . A i . m i r n J .
» t o ......... . . . u . l S I m o.
m „M 7 \
C ft iift 4 !a ii H a e ift c it»I.
to fi^54 in .). 1,034,132
w % t. . . . i & M T m ouj-.
t t « * ...... .
, .t o .O lS d .I.
E A R N IN G S
165
p
W
j
ATVi.rMH
3,874,6^
s
3,181,176
2,080.8 U
2,001,65.
3 i.;7 o > a
H S E ®
M
1.-JM.431- 1*330,1 i4
ta S M S l
1,739.4771 ..-5M,6.ia
1,035,81 * 1,970*790; 1.016 , 7*0 1,683,99.1
596,178
^0.429;
7b8,48:i
340.194
992,608
60l,9io{
708,1871
863,814'
977,87.1
3704131 1.024^72
M
M2.537!
a m jm
077 7*7
905,19*
WW.WM
«
378,26:.!
iw o ro
WSW-.
..........
W tf . . . . .
r
W h o l e ItffilW jcer Plf'o.
» » .......... c . lC H t lM A f
t m i . .,. ........s i ^ i O « t /
M h»vr, .
m j.
m m ............... u . l t d o i
a ,n n .M »i . a m .
l i w .... ?u r n to i 3 s :i-
U H .t-iii
151* toil
TTS.T.'^
^ .3 1 !
6d,<r#rs|
L*m>.
I.o ,
J
m
t-A
«3 iU M
A7$,-^3
tL’H 4lu
-7ft».P^ «?*!*#-;■
m tM * /
. . . . 4*07
..,
.,.
1m
m,,
mm,
m . Si
mm
..W ^ -
sbtoj:
'
ft4t,599l
*70.4541
i
«3I,«M7I
W M zi
ym sm \
i
-
m > '
m m jm i I
_
m sw w i
^
*u »
i
OfteUkh1 JJ75523
SB5a,07V.
«6S,#4»i
8IBI2S}
6 9 6 M lj
6504RMK
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m jm \
*m .s m
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2» | «
**# ■ **»!
,jar]
» * w
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/ *^75 ai.i
52
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.
a a «w # !
* ».W 5 j
, S S M f? !
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a:aa*
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toW & ,^0
1.982,024
1,706.8*8
is t o m
m «w ;
3ftS,W«
7 «M *»j
* K ».»n
e «*s i
il7 w r
ja*95r|;
tm M m *
tM".
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! + ? * - » ; ! w a e tM *
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i.;« i,ir a
m jm ,
W .im l
171,4*0,
l.u u .ttil
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£ '. w
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i,» S 7 ,i« » , l,.i/ ,. 5e .
i
jj-i.w i.
iw & n
*1 S.-.B7J
SS8.SM
g“ *w
‘
8S0O ,/*.!90 t » 2.240 m .) :
100*.,.,12.240 to
»,Ki
|§8® - 4 2,.aft4 + i *,**t4 at. t.
.
$
. ^8S ....
»8
.3,2 93« t»3 I
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877.560
810,017
« i.» *
* * 5 .* i.i
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j
818.010
9i>.MM
J J i .i i l
»».n i
XM<4M
StJ. '
m u s i
l^nl ar. I.i70,ln I i. a«,iyia i.,lo^>»i
l.Mi.l.u ' l . l t o
1 .^ ,9 to
H M *»I
la n jB ii
110000
L
b M fS J t
SOMOOf
......... I
MJ.0S8
J li.iS O
At
i
" ‘“ “ i
840,900!
282. IS->
276,« n
7 «M ‘O s ;
7 U .W
n R fe *
m ijm
592,244
iAt*&K>’ M k .iw
A-
m jm
M
! : M
>
*5^463
«lt o 4
JUJ.InSj l. u a .o a i
i,*4S:,i«ij i j e o A l s l t,S o iJ »e i i wm,>rm' l . w . j v r
J -‘ "
M -r-. H-l i . l i '. . t:>- l.s ;,)
. (W n i
tm \ ,
- .(497 m..f
* 8^2 ,
808
I f k r Wi l e AIhwq , ,;
t< cf M m -j
a
.o w Sm .
12 * 1 .....
Iaw-n**.
. itu s M .,,:
1603, * .........
.0 8 5 B b f I
p :::..r .
IWM . .
j
’ 044.SOO!
7»I*800j
, ,•*> ','f 1 ,1 M • M U.*M
;•
>*
1,007.Ifii
I.V3I3U1 ].I7J.a60
.«*
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tm i..
»J ,n i
i-V icv-
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6*4.1.
t o 3 .yr.f m.)
3
18«*
l# w «
m m ..
«
■ 'm m *
H f m m m .•
■...
15kM »
1*1,988
m
i
i W .l
m tr n tie l 4 r e Vl**t
«
» 6 .
I.H .
4M
« W 4
I
M jM B f
0 * n ? i»
680,601
<t J a t*, u m b out J
»?*»l
u
U ,*'W f
M
t s i-w
f V ,7 ',7 . , i,i»K .,4 *ti MS jr 2 ? " i
- ijQ -jv a
>m , f*1
j
•
M IjM W
£ l ........i. t. - t• 4„»o *v m* . I i
p -A kM
|
l a * « T e a m %«*, A
l»>.Q»0
1411*57:
s «i.4 »
« W 11
7« X J i *
HAUS7!
M O *W > i^ A U h
I.W .S U S
1*414.909} toM7,3* j 1.1151,060
t jjj.w s i
1.2 lO.AiM
7« ! . a »
i.
m & ti ......... l . .i i ,.4/4 m .i
MMW. . . 4 - *
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€ « l . H « b , V , ( V T * * l. ..
FSB*>.... . - ii- -.. .JEMm M J .
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1.UM.J80
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1A4.6H
g7yi02
5851,420
A>3,0«8
1A77.216
1.488AH
1.7U7JJ7a a .«K u
114.17:
U 7,8881
ItJ.TXV
*31.410
2.10.455
SgSSSl
I.48S.S74
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208.WM
*207,0*3
610,448
784.06+!
845,40-,:
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072,109
--<11,24*1
SI 5.581
813.360
7 lt .S U
810,606
803.2#
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653*0661
55*1,Mb!
•525.405
660^4
624,«7»»
*M1.5*4|
751,080
704*590
*5 0 l,5 il
050,070;
015,160
•68**215
091,715
000*814
*500.870
7*01,888
7,093.618
Mt ol Bl j
345,156
*17,704!
254.0*2
3S6r0U0
340.600
2L\0to
210,5-40
m o ts
949,441
2 0 ,1 0
45**781
2,923,675
245,4.H
i& m jm '} 1 .860,010
138M W 5
l»M #
'4«9
1*510,779
1.5,6.736
1 M 73,673
16,176,074
1.016,031 1*898.780
1.7*3.77 a
to/AtotoO 1>>3.7 I I
18,9X0,130
18,730,905
19.319*50$
98641.1
1*181,046
v m jm
88»J W 8
M I «
"° " “ “
t * , r e tu rn * fo r . o m * o f th e m o o ts *
1.650.7 35 ‘ 2.0*1,791
-
4 ^8 2 *
1.576.241 f ltoW.766
t,5tn,on; 1,762.02*
1 5 0 ,5 2
.
’
1,088,078
1,003,896
11.831,395
*^1.427
2^5,-6rfH
348,219j
280,002
300.535
344,905
2-46,041
276,491
2,4 1,533
27-3,041
318,820
310, n o
3,071,430
3.273,355
3.633,483
1,885*7881 1.730,920
1,070,704
1,907,M5
2,033,152
1,9.50,009
1,651,830
1,701.131
8,080,897
19,161,221
2-J, 247,5 47
21.869,477
200,2.31
272.412
809,079
*231,941
5§3,887
368,402
*221,090
230,970
247,46.0
2,880,183
2.840.621
3,300,103
3 l'U * U
858M
toHAU+JO *toW
tol,026!
»J2.095
291,026;
828,277 (
^
H,.404,4O0
0.2*1,730
155,OOi
H a n
188*318
296.149
n
83 W i j 8.075,70*
152,832
1
7.0,3 >3
109,08
S & fS S
M4.5S7
-
196,418
s w jm
’^ *7 70 I i d
,
i
1,034,271 1.817.876
l,754.(eJ
UH to.dS
1,083.051
8,073,000
*3.370.00*
174*9891 180.447
101-45*
190.663
106,667j 189,701
S 3 M J1
JW.176
8SM,0toi
lA M tt
IJC.MI
1« S j
l ( 4.i»n
.1,333,800! 18,993,882
1,!K10,9Ui 11JH12.024
m. S 3 l!| m H Ij|
:»»
S ttS
U7S.307
a s m s
821,641
8,905,141
n a , .115, 8,8:10,840
8O*.(i0M +8,53: »,723
INVESTORS’
166
SUPPLEMENT.
[Y o u LVI.
M O N T H L Y E A R N I N G S O F P R I N C I P A L R A I L R O A D S — (C o n o ln d e d ).
J ii n.
LYlexIcau C e u ir u l—
isifik (i',808 to 1,847 ni.).
IH 0 8 «.............. (1.84? m.).
H i lin eu p . A S t. I . im i I m
$
5831770
613.022
126.925
126,056
M o . K n u d iiH A T r x a u 622,654
M o. Pac. A
I r o n D ll.—
isw2....(Bj378 to 5.872 m.».
M o b ile A
N um I i v . C b n t l . A S t. I - . 1801 i t ....... (652 to 810 m .).
1802a.................. <810 in.).
N . V . C. A H u d . t t lv .—
1880....(1,420 to 1.4H5 in.).
1801................. <2,006 m.).
1802................<2,006 m .).
N . Y . L . E r ie A
M a rc h .
A p r il.
M ay.
J u n e.
A im .
J u ly .
624,244
571,495
1170,832
$
430,056
544.089
619.076
t
„
451,503
087,815
053,077
109,033
117,355
140,316
105,268
131,275
180,577
99,480
182,240
178,191
620,855
082,4a'
71H.92.H
703.240
708,780
740,824
640.875
737,499
770,018
t
560.567
538,129
607.850
$
573.335
558,010
635,605
702,410
$
515,204
591,H i t
051.8-19
*723,730
101,276
112.370
161,702
130,111
130,137
168,473
616,431
607,802
625,096
038,981
651,056
031,399
1
S e p t.
O c t.
N ov.
D ec.
T o t a l. .
594,021
054,057
710,200
*
031.050
672.735
750,088
$
0.425,894
7,374,538
7,903.254
170,307
222,505
200,345
155,500
190,147
200,251
134,274
155,404
170,194
1,510,844
1.822.840
2.022,003
802,392 1,062,707
1,030,753 1,149,818
998,090 1,040,374
805,174
958,400
065,843
898,279
904,402
954.700
9.004,000
0,731,120
9.838,075
470,090
004.373
030,147
$
490,131
023,470
031,379
$
574,383
793,844
772,009
124,820
151,891
178,483
122,997
151,110
174,213
152,820
200.759
170,304
083,020
795,820
850,452
753,774
786,858
901.096
1
1.042,603 1,882,329 1,943,052 1,020,375 1,010.490 1,860,588 1,951,271 2,314.115 2,464,118 2,735.288 2,479.829 2,401,005 25,880,818
2,087.978 2,206,062 2,109,488 1,036.801 1,916,012 2,050,747 2,129,200 2,602,818 2,781,751 2,782,333 2,520,759 2,407,029 27,004,080
O h io —
1802.................... (687 m.).
K eb.
328,085
285,178
308,586
357,713
307,878
247,300
287,095
306,415
245,806
204.158
287.205
254,113
281.801
259,087
298,888
270.177
208,480
258,002
250,054
248,093
257,228
206.833
*243,840
201.943
233,074
*244,582
281,539
277,075
*272,741
325,700
348.371
*297,480
343,052
327,58s
*208,345
279,315
292,52S
434,707
402,801
271,182
306,905
410,498
438,115
277,144
290,337
410,964
886,346
298.050
3<>5,37)'
418,110
275,369
806,351)
400,986
341,167
580,454
430,835
355,008
493,357
447,700
950,007
479,965
448,127
352.0«5
491.98C
473,239
328,827
440,702
425,045
340,550 3,441,847
340,66£
3,500,238
*321,934 c3,335.888
347,202
434.081
440.411
3,784,034
4,739.442
5,150,572
2,923,406 2.70B.858 2,040,522 3,022.979 3,128.094 3,007,097 3,004,827 2.843,522 3,215,88(1 3,278,919 8,099,581 3,083,956 30,258,041
3,318,837 3.020,385 3,383,073 3.341,010 3.474.437 3,671,802 8,713,430 4,040,502 4,128,055 4,173.063 4,040,088 4,050,98< 44,264,001
8,821,860 3.505.415 3,577,281 3,635.848 3.048,403 3,011,108 3,793,039 4,001,441 4,212,115 4,280,878 4.003,509 3,845,H9H 45,590,888
3,285,052 3,906,464 3,705,035
W .—
2,242,488 2,345,757 2.497.07C 2,420,79<j 2,504,124 2,798,018 2,569,783 2,712,735 2,514,425 2,877,035 29,201,700
2,291.280 2,234,032 2,449.480 2,584,494 2,818.392 2,946,208 2,935,317 2.80G.281: 2.002.881 2,041,502 30,085.633
2.472,480 2,495.235 2,017,666 2,742,729 2,784,050 2,077,501 2,806,089 2,758,592 2,583,144 2,539,137 30,942.925
2,644,050
2.155,785
2,172,279
2.186,570
2,194,862
2,056,487
2,054,402
2,278.623
2,100,482
446,040
434,165
399,005
417,781
451,186
452,266
481,940
475,537
481,852
494,027
615.93S
527,82):
514,832
550,392
526,905
545,019
570,780
572,104
502,784
583,790
678,917
579,318
500,715
529,708
4H2,77i
500.014
0,029,125
0.220,030
0,220.494
1801.................... (477 m.).
1802.................... (477 m .).
139.231
211,801)
201,289
267,488
149,003
200,029
217,821
100,021
230,204
251,016
314,100
174,09S
228,080
281,484
*283,086
190,160
240,309
300,118
101,532
272,516
332,039
240,O
SS
298,105
351,380
280,098
296.899
355,885
245,405
232.705
308,201
240,025
293,057
300,400
214,601
255,196
270,594
200,435
24?,S2ij
280,717
2,401,502
3,050,787
3,473.700
1800....... ............ (157 m .).
1891.................... (151 m .).
1892 r- ............... (157 m.)
104,466
115,088
113,932
85,959
101,535
113,851
104,391
102,722
108,302
120,759
135,102
122,005
1*0,983
134,089
144,471
145,747
161,591
150,054
155,373
155,002
149,799
157,705
100,436
147,812
149,743
102,557
145,710
158,124
103,032
103,22S
159,151
108,484
145.119
143,792
149,819
180.04S
13:\08C
118,549
1.692,083
1.050.628
1,713,911
1800.......(977 to ,017 m.).
1801. ..(1,077 to 1,105 m.).
1892. ..(1,105 to 1.849 m.>.
657,620
695.503
700.262
574,828
625,634
770,692
765,418
649,207
720,135
774.249
941,452
692,636
763,052
7*8,320
*806,721
707,070
764,819
769,558
690,914
702,797
780,898
749,581:
760,770
801.104
776,727
828,923
938,440
S02.493
820,776
018,194
809,33i)
870.911
042,307
771,105
880,904
869,710
095,277
791.75S
904,011
8,577.114
9.188,042
9,952,882
1890.................... (377 m .).
1891.................... (377 m.).
1892.....................<377 m.).
550,113
405.561
540,910
404,682
473,580
576,044
637,413
558.373
637,805
544,081
004,870
556,946
542,970
542,282
538,972
549,359
550,901
548,852
576,817
505,171
570,800
560,104
587,680
553,098
012,108
653,200
008,278
025,919
050,070
590,880
651,079
712,230
636,141
5*5,408
023,008
483,460
613.598
030,618
0,008,797
6,820.509
7,191,291
1801...(1.637 to 1.608 m.).
1802..................11.608 m.).
1800.................... -.400 m.).
1801 ....... (400 to 508 m.).
N . Y . O u t. & W c h i ’ i i -
N o r t h e r n P a c ific —
1800....13.590 to 4,162 m.). 1,177.400 1.282,908
1891.. ..(4,102 to 4.355 m.>. 1,752.130 L.460,981
1892.. ..(4,882 to 4.379 m .). 1,447,334 1,538,018
1,823,234 1,182,9L1
O o lo A M is s is s ip p i—
1800 .................. (623 m.).
303,368
310,768
1891.................... (636 m.).
305,964
328,218
1802 ...................(636 m.).
850,575
332,623
353,969
368,397
P e n n s y lv a n ia —
(A ll lines eust. o f P. & K.)
1890+. .(2.300 to 2.435 m .). 5,142,311 4,851,091
I891t...(2,485 to 2,807 m.). 5,312,475 4,730,320
1802+...(2,507 to 2.592 m .). 5,010,741 5,207,097
4,923,246 6.127,038
P h ila . A R e a d in g 1800................. : 1,11)6 m.).
1,566,730 1,818,632
1 8 0 1 ................. ( 1 ,1 0 6 m.).
1,712,000 1,470,917
1892.................(T.173 ra.). 1,727,214 1,788,774
1893................. (1,173 m.). 1,505,781 1,681,34?
C o a l A I r o n C o .—
1890................................ 1,151,26<I
049.006
1801 ............................. 1,443,761 1,145,647
1802d.............................. 1,5 (2,041 1,778,023
I808d........... ..................
3,447,528
T o t n l b o th C o .’ s—
1890................................ 2,717,986 2,202,007
1801................................ 3,155,851 2,610,564
18o2d...............................
1893d.............................. 6,824,894 5,078,875
R ic h . A D n n v . s y s . i890 ..(3,051 to 3.113 m J *1,154,027 *1,063,400
1801*.. (8,113 to 3.154 ui.). 1,171.500 1,107,990
1802“ ..........
(3,154 in.).
982,320 1,106,580
1803 * ............. <3,154 m.).
S t . L . A . A T . 11.
1800.................... (230 m.>.
97,440
89,004
1H91.................... (2311 1 1
1 .;
113,735
116,068
1802 .................. (239 m.).
113,631
122,449
’ 893..............
(289 m.)
127.553
138,179
8 t. I. o u is S o u t h w e s t . 18 0 0 ................ (1.222 m.).
375,620
305,244
1891..................( 1 ,2 2 2 in.).
350,258
347,04U
1802.................. <1.222 in.).
351,874
371,790
1 8 0 3 * ........... (1,222 m.).
45?,800
432,010
S t . I 'n o l A D u lu th —
i89o ...................<248 m.).
77,354
87.243
1891.................... (248 ra .).
05,140
90,700
1802 ................. <248 m.;.
121,402
130,788
112,573
131,493
t t o u ih e r u P a c ific C o .—
1800...... ........... (6,052 m.). 3,138,414 2,979,952
1891....(6,226 to 6,458 h i .). 3,853,101 8,312,369
1802. ...(0,458 to 6,51 ru.). 8,516.640 3,420,870
4
i803 ..(6.514 to «\582 in.). 3,794,604 3,527,379
T e x a s A P a c ific —
1890................. |1.497 in.).
650,921
544,426
507,5S0
1891 ................(1.497 m.),
614,089
1892................. (1.407 ra .).
545,695
504,687
1893 ................ (1,407 m.)
*614,608 *565,392
C o lo n P a c ific —
1890................. <
8.075 m.). 2,569,288 2,720,521
1891....
.(8,144 m.). 3,115,377 2,770,023
H 9 2 .. .(8,148 to 8.15s m.)
3,214,128 2,926.415
1803 .............. i H.166m.). 3,168,222 2,858,418
W abash —
1890................. (1.021 m.). 1.121,909
98(5,839
1891................. (1,933 iu.).
994,852
044.630
1392 ................(1,933 iu.) . 1,128.160 1.087.850
1398............... (1.983 m .).
1.063,820 1,010,846
W is c o n s in C e u t r a l —
*800.........(828 to 867 m.).
325,579
328,614
1891.................... (8(17 IU.).
371.720
326.502
1892.....................(807 m.).
853.K50
408,307
1H93
.............. (867 in.)
353,015
315.106
1,070,581 1.923,073 1.064,771 1,930,404 2,015,310 2,120,000 2,503,222 2,922,820 2,599,311 2,281,276 24,402,751
1,777,046 1,905,201 1,902,772 1,895,832 1,900,470 2,054,407 2,718,888 2,993.8)’0 2.530,000 1,965.446 24,955,464
1,878.078 1.701,451 1,724,375 2,000.069 2,100,298 2,228,065 2,609,239 2,948,280 2,302,042 1,858,035 24,702,490
♦1,087,973 *1,564,980
354,708
348,427
338.989
359,721
314,050
309,242
207.373
*316.176
302,001
332,708
810,117
805,905
804,921
302,017
320,410
350,388
829,540
411,104
418,288
422,344
392,380
408,008
410,828
390,408
401,953
393,094
328,605
322,211
320,004
330,525
87s,008
849,040
4,139,958
4,217.287
4,172,216
5.470,715 5,019,357 5,708.033 5.172,004 5,374,460 5,930,855 5,780,339 0,192,101 5.059,867 5,305,319 06,202,200
5,218.706 5,870,003 5,385,252 5,440,055 5,679,782 0,212,375 0,159,557 0,408,100 5,094,725 5.790.820 67,420,841
5.449,804 5,746,730 5,079,245 5.592,835 5,578,072 6,220,607 6,098,024 6,290,883 0,017,282 5,934,923 08,841,845
0,095,892
1,508,747 1,670,996 1,728.335
1,551,400 1,610,320 1,779,222
1,820,593 1,701,441 1,820,209
2,059,025
1,807.087 1,840,988 1,824.705 1,932,712 2,123,831 1,895,787
1,820,849 1,936,874 1,003,775 2,124,961 2,240,010 1,950,357
1,917,296 1,881,253 2,022,640 2,104,922 2,248,219 2,003,150
1,080,111 20,905,056
1,881,522 22.049.212
1,008,807 23,073,09 L
1,204,027 1,395,577 1,490,071 1.602,406 1,795.841 1,747,847 2,007,110 2,151,900 1,969,472 1,000,377 10,101,556
1,354,963 1,305,090 1,523,333 1,603,421 1,879,403 1,947,72$ 2,348,269 2,073,133 2,419,943 1.784,423 21,489,780
1,760,060 1,030,304 1,641,002 1,851,000 1,835,499 1,971,337 1,902,648 2.076,804
3,317,735
3,173,844
2,713,374 3,072,573 3.218,406 3,409,494 3,630,824 8,572,552 4,029,828 4,275,731 3,805,259 3,292,488 40,127,212
2,900,303 2,016,023 8,302,555 3,484,270 3.816,337 3,911,504 4,473,230 4.920,052 4,370,300 8,005,045 43,538,994
5,286,102
3,331,745 8,470,211 3,708,002 3,710,752 3,993,984 4,007,571 4,325,083
5,232,869
*045,300 1,001,400
1,083,545 1,063,725
087,420
942,325
923,949 1,021,580 1,131,011 1,195.071
903,931 1,107,020 1,1.15,355 1,175,514
947,430
900,844
08,985
109,u97
123.071
*129,010
97,662
100,403
110,136
*125,330
101,774
100,063
106,416
95,233
100,715
110,643
109,623
114,890
114,311
120,053
121,103
135,245
131,200
135,152
145,253
140,271
150,868
153,811
123,578
125.815
141,047
270,011
330,418
331,978
430,400
259,873
287,950
302.678
423,400
290,927
285,374
303,382
202,292
270.045
292,043
807,441
322.516
*338,780
305,788
349,400
*394,110
386.039
447,131
*420,180
400,007
577,267
*513,300
423,059
506,755
*469,429
112,718
108,471
149,310
131,850
105,912
114,952
187,418
*135,095
126,040
170,948
129,030
111,153
167,925
184,048
140,904
157,038
203,467
138,004
152,416
192,700
104,000
182,777
220,118
178,013
247,541
248,499
142,3C4
200,572
217,659
*1,060,895
1,120,070
1.050.000
1,103^720
1,379,354 1,211,020 1,105,035 13,201,820
1,390,804 1,219,020 1,158,220 13,050,360
125.420
185.190
143,818
1,330,910
1,435,626
1,531,801
400,070 4,205,437
460.582 4.565.790
*517.900 c4,040,010
115,430
141,232
186.292
1,494,224
1,829.762
2,130,710
3,552,032 3.850.568 4,154,857 3,895,742 4,079,519 4.483,770 4.765,800 4,900,950 4,885.020 4,010,095 48.352,504
3,709,440 3,743,827 3,941,285 4.051.980 4,288.917 4,510.257 4,892,207 5.288,664 4,707,908 4. L
34,280 50.449.816
3,658.426 3,752.020 3,802,598 3,900,473 4,132,297 4,593.055 4,700,651 4,800,951 4,487,706 4,085,423 48,971,385
3.707,657
504,457
505,454
632,458
*559,451
525,681
631.963
471,277
502.904
460,046
411,642
407,100
493,348
418,205
514.904
514,40 L
502,307
574.817
530,70 s
613.800
688,688
000,110
015,365
861,495
900,534
800,522
720,431
700,454
794,839
702,700
785,040
810.783
7,327,710
7,220,402
0,937,702
3,658.300 3.081,20? 4,167,541 3.010,077 3,049,385 3,084,369 4,053,940 4,436,022 4,102,653 3,295,942 144,638,203
3,272,986 3,325,310 3,419,427 3,624,741 3,580,289 3,82s,096 4,319,050 4,714.032 4,370,434 3,750,867 44.000,731
3,298,1
01 3,218,242 3,400,915 3,920,413 3,750,150 4,075,290 4,685,218 4,081,511 4,235,233 3,722,014 45,026,170
3,217.417
1,056,348 1,000,310
976,084 1,110.178 1,194,400 1,193,632 1.278,070 1.070,892
937,784
1,023,338
995,138 1,038,040 1,047,300 1,291,850 1,373,470 1.356,142 1,333,631 1,203,980
1,134.705 1,052,952
055,362 1,112,683 1,115,802 1,415,427 1,400,142 1,411,780 1,185,776
1,135,18tt
903,100
306,983
400,570
490,480
*436.845
394,207
404,618
431.069
*386,932
452,495
890,705
440,790
442,717
426,527
517,882
483,730
481.078
521,987
* Approximate figures.
+ And 66 miles of canal.
1 $256,282 deducted from earnings on account o f mail service not allowed.
a W estern J Atlantic Included from July 1,1801.
k
t Kmbracin» corrections found neoessary after monthly totals had been published.
d Includes for the Coal & Iron Company the business o f tue Lehigh Valley and t i e Lehigh
# Figmres are given in Mexloan currency.
502,351
494,827
554,603
508,170
492,389
502,022
537,061
506.014
574,070
457.745
451.041
507,379
1.125,191 13,004,654
1.848.160 13,001,180
1,151,958 14,158,103
430,007
475,025
435,305
5,259,559
5.22H.228
5,797,700
W llhesbarre departments from aad after December, 1803.
@FedFRASER