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nksto' ^ttijlmat
OP THE
[[
OMMERCIAL &
f lHAHCIAL
VOLUME
[[
hROHICLE,
LI V.
D^a^T 28, 1892-
WILLIAM
102
B.
DANA &
CO.,
WILLIAM STREET
PUBLISHERS
NEW
YORK.
The
Investors' Supplement is issued once in two months, viz., on the last Saturday of
January, March, May, July, September and November, and one copy of each issue is furnished to every subscriber of the
& FINANCIAL CHRONICLE. No
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in the United States and $12'0O in Europe, including postage.
[Entered according to Act of CongresR In the year 1892, by
Wilmam B. Dana A Co., in ofllce of the Librarian of Congresw, W»»hin)rton, D.
C
J
JOHN
DAVIS
&
BANKERS
H.
CO.,
AND
DEALERS IN HIGH-CLASS IXVESTJWEXT SECURITIES.
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to Boston, Philadelphia and Chicago.
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lO
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"Wa,ll Stx*eet3,
&
i6
IsTe-ysT- "^^ojoIsl.
i8 Wall
CO.,
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Street,
York,
AT THE KEW YORK, PHIEADELPHIA ASD BOSTON
STOCK EXCHANGES BOITOHT AND S01.D ON COJHIHISSION.
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AND ON HAND FOR IMMEDIATE DELIVER Y.
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11
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VOL.
ynr
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NEW
54.
by William B. Oav a
YORK,
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'WILLIAm B. DANA
ic
102 William
CO., Publtslierm,
Street,
New
Box
958.
CONTENTS.
SRAILROVDS—Kallroad Maps, Tables and Bemarks
6to 142
Miscellaneous Co.mpanies
143-153
Trust Companies
153
•Gas CoMPANIE^— New York and Brooklyn (See also larger companies under "Miscellaneous")
154
Banks— New York City
154
Insurance Companies— New York City
154
-Horse Car Companies— New York City and Brooklyn
154
tEAiLROAD Monthly Earnings for Four Years
155
NORTHERN PACIFIC LAND GRANT AND
LAND SALES.
At
the
present
MAY
28,
ficiencies in
desirable and
moment, when Northern
Pacific
the Llbnrluiof
Congnt, WwhUictoii, O.O.)
1892.
the place limits.
commands
Much
of the land is
a good price.
It has always
been recognized that the grant was a very valuable
one, and it has been considered a strong point in favor
of the company's various mortgages that they have a
lien on the grant, thus adding greatly to their security
and improving their position. la his last annual report, to June 30, 1891, Mr. Charles B. Lamborn, the
Land Commissioner, estimated the total quantity of
land which the company had earned up to that date as
no less than 46,824,960 acres. Of this, 7,749,424 acres
had been disposed of, but that still left over 39 million
acres unsold.
It will give a better idea, perhaps, of the
magnitude of this total to say that it represents an area
equal to the combined area of Maine, New Hampshire,
Vermont and Massachusetts.
As to the character and aggregate value of this large
quantity of land, it is impossible to give any definite
information.
York.
P. O.
* Co., Id tbe oino« of
Much
of the land, as already said,
is
very
and commands good prices. But the proportion which that bears to the whole there is no way of
This will be very evident when we say that
telling.
out of the 46,824,960 acres which the road had earned
up to June 30 last, only 21,897,824 acres had at that
date actually been certified to the company, being not
quite one-half of the whole.
Of the remainder, a considerable portion has not even been surveyed yet, from
which it will be seen how difiBcult it would be to
attempt to give an estimate of the character and value
desirable
of the land.
Considerable interest of course attaches
to the location of the land,
and we reproduce below a
statement bearing on that point taken from one of the
much attention, the subject of various land circulars issued by the land department of
the company's land grant and land sales has considerthe company for che information of settlers.
These
able interest. There are also some special features configures are evidently rough approximations only, being
nected with the land sales which invest the subject with
in round numbers, but doubtless furnish a pretty fair
importance. In this we refer to the increase in the
indication of the distribution of the unsold lands
aggregate amount of the sales thus far in the current
among the different States, and are probably as close an
fiscal year as compared with the corresponding period
estimate as circumstances allow.
The statement is as
affairs are attracting so
of last year,
and
also to the
developments growing out follows
of the decision last year of the United States
Supreme
Court by which the claim of the Northern Pacific to
certain lands in dispute between it and the Manitoba
was sustained.
The Northern Pacific land grant, as is known, was
of
enormous extent.
The grant comprised
alternate
:
LOCATION OF NOHTBEBN PACtFIC LAHTO! UNSOLD.
In Minnesota
Over 1,250.000 Acrei.
'•
"
In Nortb Dakota
6.8»0.000
"
" 17,45<).0OO
In Montana
•'
"
In Northern Idaho
1.750,000
"
"
In Washington and Oregon
9,375,000
Aggregating
As
Over 36,62.1,000 Acre*.
stated above, the quantity of land reported un-
sections of land for forty miles
on both sides of the sold last June was 39 million acres. Since that time
road through what were formerly the Territories (mak- some 450,000 acres have been sold (we mean to April
ing a strip eighty miles wide), and alternate sections of 30), but that would still leave 38f million acres.
The
twenty miles in the case of the States, namely Wiscon- statement above accounts for 36f million acres, and
sin, Minnesota and Oregon.
There is also an indem- shows that while in Minnesota the company has only
nity section of ten miles on each side of the road, in about li million acres unsold and in Idaho 1} millions,
vhich the company caa make selections to «over de- in North Dakota it has 6,800,000 acres, in Washington
mVESTOKS' SUPPLEMENT.
[Vol.
UV.
acres, and in Montana 17,450,000 total of the deferred payments on account of land sale*
thus forming nearly one-half of the applicable to the retirement of the preferred stock on
whole. Most of the land in Montana has not yet been April 30 1892 was only $693,995.
In reference to
certified to the road.
the amount of land still unsold and applicable in that
With regard to the price which the company is way, we have been in telegraphic communication with
realizing on its sales, that naturally raries a great deal, Mr. Lambom, and he informs us that the aggregate is
depending upon the class and character of the land. roughly 3,000,000 acres— 1,200,000 acres located in
While present prices are no indication as to future Minnesota and 1,800,000 acres in North Dakota. We
and Oregon 9,375,000
acres, the latter
they possess considerable interest nevertheless
to furnish some idea of the operations of the
land department, besides bringing out the difference in
the market value of the lands as between one State or
prices,
and serve
not in
position to
put an estimate upon
the value of this land ourselves, but Mr. Lambom
thinks that $4 -00 per acre would be a low average, at
which figure the whole block would be worth tl2,are
take from the 000,000. With regard to the lands which have been in
the following dispute between the Northern Pacific and the Manitoba,
jBtfttement, exhibiting th? average price per a(jre realized and in reference to which there has been so much
locality
and another.
last report of
the
Accordingly
w<t
Land Commissioner
last two fiscal years in each
which the Northern Pacific sold lands.
during the
ATfefiAOB PRICB
of the States in
amount
PER ACKE OBTAINED ON NORTHERN PACIFIC LANDS.
1890.
1891.
Minnesota, payable In preferred stock
$2 90
North Dakota, payiiblein preferredslock (M.&D. Dlv.).. 3 69
3 53
North Dakota, payable in cash or bonds (Mo. DIt.)
2 43
Montana, payable In cash or bonds
8 09
....-Idaho, payable in cash or bonds
6 28
Washington, payable In cash or bonds
2 00
Oregon, payable In oasb or bonds
$2,50
4 67
3 80
$* 76
$3 93
Average
newspaper talk
2 63
7 86
5 62
In Idaho the average the late year, it will be observed,
was as high as $7-86 per acre. This covered, it is true,
aggregate sales of only 2,047 acres, but in the previous
fiscal year the average was even higher, being 18-09 per
While
acre, and then the quantity sold was 4,697 acres.
point
well
to
speaking of the Idaho sales it is perhaps
in
that
districts
mineral
out that there are extensive
State and also in Montana and Washington, and that if
a decision rendered last year by Judge Sawyer in the
retiring
of
—
it
being claimed that since a large
money has
some
in this
of the
way become
preferred stock the
available for
management
would be glad of the opportunity to purchase the stock
with regard to these lands it appears
at a low figure
that to date the company has received on that account
$1,193,129, together with some deferred payments.
—
The amount has evidently not yet been used in the
purchase of preferred shares at least there is no evidence of such action in the latest statements of the
—
company.
Such of the lands embraced in the decision as remained unsold have of course also been turned over to
the company. These lands, it is proper to state, are
included in the estimate above of the total of unsold
land, forming part of the 3,000,000 acres east of the
Missouri the proceeds of which will be applicable to
In reply to our
the retirement of the preferred stock.
United States Circuit Court for the District of Mon- queries, Land Commissioner Lambom states that the
tana, and bearing on the right of the Northern Pacific land in dispute involved altogether 528,000 acres of
to select lands within the mineral limits, is sustained valuable farm land, but that 60,000 acres of the same
by the Supreme Court, to which the case has been ap- had been sold by the Northern Pacific before suit was
Between 1875 and
pealed, the results to the Northern Pacific will be rather instituted, leaving 468,000 acres.
Court sold 177,000
of
the
Commissioner
Special
important. The decision in question affirmed the right 1891 the
$5-50 per acre.
about
average
of
an
sections
acres
for
$973,547,
of the company to all lands in the odd-numbered
within the company's grant in the mineral districts of In addition, the Northern Pacific land department has
Montana which were unoccupied public lands, not sold to April 30 1892 20,800 acres for $161,467, or an
known to contain valuable minerals at the date of the average of $7*76 per acre. There remained, therefore,
filing of the map of definite location, July 6, 1882. The April 30, 270,200 acres unsold, valuedat $7*00 per acre,
appeal will be heard in December.
It is proper to and theso, as said, are included in the estimate of
add that while the Northern Pacific people do rot 3,000,000 acres already mentioned.
doubt that the Supreme Court will finally sustain their
It is desirable to know how the Northern Pacific land
claim, yet a bill has been introduced in Congress and is sales for the current fiscal year are running, and in the
expected to pass which will give the company the right monthly returns of the company we have the material
in any event to select agricultural lands in place of the for a very interesting comparison of the results for the
mineral lands. The mineral lands of course are be- nine months from July to March, inclusive, this year, as
lieved to be very valuable.
On the other hand, the contrasted with the corresponding nine months of the
It will be remembered that in our
agricultural lands have this advantage, that they are last fiscal year.
likely to be more immediately available and also likely article on the Canadian Pacific, in the Chroxicle of
to bring more settlers.
last week, a great increase was noted in the sales of
On the company's lands east of the Missouri River in that company in the current calendar year. For inDakota and Minnesota, the preferred stock and not the stance, it was found that the sales in the four months
bonds have a lien. And this is a point to bear in mind of 1892 to April 30 had been 143,693 acres, against
in estimating the value of the preferred shares.
The only 97,240 acres in the whole of 1891. Such an inshares are received at par in payment for such lands, crease is important as indicating a renewed influx of
and the cash proceeds of sales likewise go to'retire the settlers, and in point of fact the Canadian Pacific reIn this manner the aggregate of the preferred port states that the movement of settlers to the Northshares.
stock has been reduced from its original figure of ^51,- west is larger now than at any other time in the" history
000,000 to the present total of $36,599,405 (April 1)— of that company. In the case of the Northern Pacific
that is, there has been a reduction of nearly 14^^ million the comparisons for the different months are quite
dollars.
At the moment, of course, the point of im- irregular, some showing larger sales than last year and
portance is as to the probable extent of the reductions others smaller sales
for the nine months taken to;
in the future.
As concerns the amounts due on
old
contracts, that does not appear to be very large, as the
a decided increase over the corresponding nine months of 1890-91, but we are not sure that
gether there
is
—
.
May,
.
.
.
mYESTORS' SUPPLEMENT.
1892.1
NoRTHP.mif PACiric Land 8ai,m bt Moirrm.
any special sig^nificance, since the gain
JULY.
month,
shall
in
one
single
as
we
show
has come largely
1890.
Amount of
Reoelpt*.-^
Dlvlalona—
Acre*.
Bale*.
Ca*b.
Btoek.
below. However, through the courtesy of the Northern Hliinosota A Dakota
OT.IU
Cr.W84l
il,060
tailSS
MUnourl
7,894
33 793
72,528
Pacific officials we have also been furnished with the Others A Peudd'Orelll*.... 14,482
93,334
71,278
this possesses
.
aggregate of the sales for April, a month later (the
month not being ready yet),
month this year 55,274 acres were
regular statement for that
and
find that in that
Totals
Dakota
Pend d'Oreille....
.&
A
Missouri
Otbera
sold for 1175,671, against only 43,310 acres for 1121,-
ment
of settlers, the effect
Of coarse under any
sales, and in the moveupon the future traffic and
9128,296
tl49,»39
tl.OSa
12,396
8.399
12,678
919,873
26.607
911,757
33,643
00,046
90,000
9105,447
96,000
'87,488
33,474 9103,960
AUOCIT.
Total*
932 in the same month last year.
large and continuous increase in
22,142
1891.
Minnesota
Amount of
1890.
Divisions—
Minnesota A Dakota
Missouri
ck
Pend
Reoelpta.
Caab.
Btook.
.
Acres.
Bales.
Cr.9,191 Cr.$16,729
4.360
d'Oreille
92.273
55,827
59,^49
16.829
10,587
86,308
income of the system would be important, for it is Otbera
Totals
9,796
986,408
too obvious to need mention that such a movement of
1891.
766
94.932
settlers would mean not only decided additions to pop- Mlnnt-sota i& Dakota
Missouri
Pend d'Oreille.... Cr.S,169 Cr.8,034
39,907
144,396
ulation, but increased consumptive requirements, all of Others
Totals
33.107 9144,994
which tend to swell the volume of business and earngBPTBIWER.
ings.
At the end of this article we give a full detailed
1890.
Amount of
Divisions—
Acres.
Bales.
statement of the Northern Pacific land sales for each of
Miun«80ta& Dakota
ll.'iOl
933.113
Cr.921
12,063
the nine months from July to March, inclusive, this Missouri A Pend d'Oreille
Others
17,6«H
97,813
year and last.
Totals
28,346 $142,990
For February and March it will be seen the sales were
Minnesota & Dakota
Cr.3,<320 Cr.$s».046
lesa than a year ago.
Cr.716
Cr.3,428
For April, as already said, they Missouri & Pond d'Oreille
Others
19,986
96,123
.,
show an increase, though we have not the figures in the
Totals
19,250
$83,648
form to use in our detailed statement. Taking
1890,
Amount of
the nine months from July to March the sales
Divisions—
Sales.
Acres.
9117,646
94,700
93,635
21,610
79.072
98,300
9100,319
98,300
<Sc
Minnesota Dakota
394,311 acres in
the
current
fiscal
Missouri &. Pend d'Oreille.
year, against only 239,465 acres in the nine months Others
Totals
of 1891, an increase of 154,845 acres ; but in Oc1891.
tober alone the increase was 174,084 acres.
The value Minnesota & Dakota
foot
up
of the sales this year reaches $1,846,570, against only
$1,073,066 in the nine months of last year ; including
town
444
ife
timber, &c., the sales this year amount to
$2,136,872, against only $1,137,858; in each case more
is found to have occurred in
October, and has evidently arisen from transactions
Totals
1890.
year)
are also
unusually large,
reaching $2,285,268. In the nine months of the preceding year the receipts were only $1,015,049, but the
figures the present year embrace the $1,193,129 mentioned above as having been received on account of the
lands in dispute with the Manitoba.
Annexed is a
comparative summary of the aggregates for the nine
months. We may add ,that in the whole of the fiscal
year 1890-91 the cash receipts were $1,389,517, and
that out of this $478,913 was paid to the trustees of the
general
mortgage bonds
first
trustees of the
Pend
and $377,722
to
d'Oreille division mortgage,
the
mak-
Acres.
8ALK8, BBCSIPT8, 4c.,
Cash receipts
(all
1
Totals
lota, &o.)
kinds)
Receipts in stock
contracts
394,311 acres.
$1,846,570
2,136.872
2,285,268
239,465 acres.
$1,073,066
Bi).207
253.32s
1,137,858
1,015,049
—there
were on March 31 1892
$5,857,855 of such payments, of which $2,946,307 was
applicable to the retirement of the general first mortgage bonds, $2,282,487 to the Missouri and Pend
d'Oreille division bonds, and the remainder to tlie
of
sale
48,326
79,727
$3,704
Receipts.
Casb.
Btook.
.
.
$1,450
22.943
79,122
$10,525
44.141
55,215
22,964
$103,516
$109,883
$9,960
2,005
1 ,275
12,241
$11,552
6,642
89.9^6
$17,020
90.546
106,8 «6
»5,16S
19,522 9103.182
DECISMBBB.
$174,454
$5,168
Amount of
Acres.
$0,560
—
Receipts.
Cash.
Stock.
.
Sales.
8.470
Cr.714
17.272
$4,165
2,810
65,423
24,998
$72,399
$110,238
$12,000
Mlnne.-ota & Dakota
Cr.4.874 Cr.$16.998
Missouri & Pend d'OreUle....
10,286
34.030
$1!>,211
$7,400
& Pend d'OreUle.
Missouri
Totals
1
$18,334 913,000
36,218
."^5,689
1891.
Others
Totals
17,689
59,951
48.857
83.543
23,101
$76,983
$147,611
$7,400
.lANUABlf.
1N91.
Amount of
Divisions—
Minnesota <& Dakota
& Pend
Missouri
Acres.
d'Oreille
Others
Totals
Dakota
Pend d'Oreille....
<Sc
&
Ml.isourl
.^
.«q<v«
1892.
Minnesota
Others
Total*
iMsr; H'^?a(»i«a
1891.
fit.
& Pend d'OreiUe
Receipt*.
Cash.
Stnek.
Sales.
31,838
6,041
6,609
$111,350
!|(|.656
20.918
36.392
4.291
21.092
44,485
$168,620
.-.^.
$27,040 $110,236
1
6,932
1,713
87,662
$55,769
6.149
70,479
45,908
$132,394
FEBRUARY.
'.'.•;••.
982
8,968
7,492
$16,742
$ll,90O
28,0.^6
54244
$99,044 $ii.eoo
'
Amount of
Acres.
.
$110,239
Bales.
$2,318
17.668
37,647
—
Receipt*.
Cash.
Stock.
.
$497
$2,400
32,719
49,330
1890-91.
In regard to the deferred payments on account of the
land sales representing amounts still due on time
—
Receipt*
.
Cash.
Htook.
« 1.015
«2,08O
Bales.
1890.
Divisions
Missouri
Others
TO MABCa 31.
1891-92.
^,_
Quantity
Valne.
Value (Including town
JULT
91,61S
4,602
4,167
14,194
& Pend d'Oreille....
Missouri
Others
Divisions—
Minnesota & Dakota
ing $856,635 together.
$159,058
Amount of
Divisions—
Minnesota & Dakota
Others
this
$l,eiS
KOTEUBBR.
ever, that the cash receipts the present year (including
years maturing
944,049
$6,317
19.218
133,492
201,481 $1,093,055 $1,299,907
Minnesota <fe Dakota..
earlier
$140,997
$2,080
and the current land sales, since many of the
sales are made on time contracts, so that the full purchase price does not appear as cash.
It happens, howpayments on contracts of
$169,157
75,370
93,704
Totals
of course deferred
30,397
944,049
47,5.S7
$129,299
connected with the lands involved in the decision already
1891.
Minnesota & Dakota
referred to.
As regards the cash receipts of the laud Missouri &. Pond d'Oreille. ...
Others
department there is of course no connection between
these
6,547
23,401
Receipts.
Cash.
Stock.
$17,609
182.110 $1,0I3,.506 $1,200,6M
Missouri* Pend d'Oreille....
6,136
21,581
37,310
Others
16,235
57,967
61.907
lots,
than the whole increase
. .
$2,200
32,046
134,909
.
94.700
Totals
11,603
189'/.
Minnesota & Dakota
7,909
Missouri* Pend d'Oreille. ...Cr.10,290
Others
9.307
Totals:
6,926
$82,547
911.628 911,900
30,732
92,911
Cr.42.477
-29,924
$28,861
HABCH. 1— SSS^'^
1
891
Amount of
Divisions—
93,400
$57,634
941.813
$95.272
- »•:
"'
.
$ll,50O
1
Receipt*.
Stock.'
Cash.
.
Minnesota* Dakota
Mis.snnrl * Pend d'Oreille. ...
10,040
4 ,mft
Bnlcs
.$80,025
2 1 .379
Others
80,295
42,736
44.631
$144,0<2
4,087
4.SBS
8,051
$26,821
ia.596
29,063
$5,704
32.980
65.499
$3,616
16,937
$74,481
$104,193
$9,610
Totals
Acres.
$14,626
$67,233
4.-1.740
42.305
$102,673 $67,239
1899.
Minnesota
Missouri
Others
A Dakota
* Pend d'Oreille....
preferred stock.
Total*
INYESTOKS' SUPPLEMENT.
[Vol, LIV.
INDEX TO RAILROADS— CONSOLIDATED,
The names of companies not given
Many
'lease
Supplembnt tables in their alphabetical order will be found in the Index below.
by foreclosure or consolidation, while others have been practically merged by
names of such companies are given below, together with the title of the present
in the
railroads have lost their original title
or by purchase of their stock
•organization under
which
;
the old
their securities
may
be found.
WILL BE FOCND UNDER—
NAME.
Akron & Chicago JuuctlozL.'
Alabama Central
Baltimore
&
Ohio.
EaatTcnn. Virirlnla <fe Georgia.
Savannah Amcricus & Montgomery.
Albany Florida & Northern
Wilniinjcton it Weldou.
Albemarle & KaleiKh
American Docli A Improvement Co.. Central of New Jersey.
Maine Central.
Androacoggin it Kennebec
PittsburKYoimg8town& Ashtabula.
Ashtabulii A Pittsburg
Chicago Burlington & Quincy.
Atchison ANebraslta
Central
Branch Union PaciHo.
Pilte's
Peak.
Atchison &.
Wilmlngtim & Weldon.
Atlantic Coast Line
-Jacksonville
Tampa & Key West.
Ind.
River.
John
&
Atl. C. Line St.
New York X^euusylvauia & Ohio.
Atlantic & Great Western
Savannah
Florida
Gulf
& Western.
&
Atlantic
Norfolk
Western.
Atlantic Mississippi & Ohio
Pacitlc.
Northwest
Canadian
&
Atlantic
cSi
Atlantic
Augusta
& Paciflc
& Knoxville
See Atcliison System.
Port Koval & Western Carolina.
Western Maryland.
Bachman Valley
& Cumberland
& Hanover
& Harrisburg
Baltimore & New York
iattle Creek & Sturgis
Bav City & Battle Creek
BeUefontaiue & Indiana
Belleville & Carondelet
Belleville & Eldorado
Belleville & Southern IlllnolB
Bell's Gap
Beloit & Madison
Black Kiver & Morristown
Western Maryland.
Western Maryland.
Western Maryland.
Baltimore
Baltimore
B
&c.
Itimore
Baltimore
cfe
Ohio.
Lake Shore & Michigan Southern.
Michigan Central.
Clev. Cin. Chic,
cfe
St.
Louis.
Louis Alton & Terre Haute.
Louis Alton &Tcrre Haute.
Louis Alton & Terre Haute.
Pennsylvania & Northwestern.
Chicago & Northwestern.
Rome Watertown & Ogdcnsburg.
Birmingliam Equipment
Kansas City Memo. & Birmingham.
Blutt' Point Iraiirovement
Delaware <t Hudson Canal.
Booneviile Bridge
Missouri Kansas & Texas.
Missouri Paciflc.
BoonevUle St. Louis & Southern
Boston Barre & Gardner
Fitchburg.
Boston Clin. Fitch. & New Bed
Old Colony.
Concord <fc Montreal.
Boston Concord tfe Montreal
New Y'ork & New England.
Bosttm Hartford & Erie
Boston Hoosac Tunnel & Western.. Fitchburg.
New York & New England.
Boston Providence & Fishldll
Brooklyn »&^Iontauk
Long Island.
Waliash.
Brunswick & Chillicothe
Savannah Florida & Western.
Brunswick & Western
Buffalo & Erie
Lake Sliore & Michigan Southern.
Buffalo New York & Philadelphia. .Western New York & Pennsylvania.
Burlington Cedar Rapids & Minn... Burlington Cedar Rapids & North.
Chicago Burlington & Quincy.
Burlington >t Missouri Kiver
Burlington & Southwestern
Chicago Burlington &l Quincy.
Busk "Tunnel
A tchison Sys.— Colorado Midland.
Missouri Paciflc— St. L. I. M. &8o.
Cairo Arkansas <Jt Texas
Missouri Paciflc- st. L. I. M. & So.
Cairo & Fulton
St. Louis & Cairo.
Cairo & St. Louis
Cleveland Cin. Chicago & St Louis.
Cairo Viucennes & Clilcago
Central Paciflc.
California & Oregon
Atcliison Topeka <& Santa Fe.
California Southern.
United New Jersey.
Camden *& Amboy
Canadian Paciflc.
Canada central
St. L. Cape Girardeau & Fort Smith.
Cape Girardeau Southwestern
Shawueetown
Carbondale A:
St. Louis Alton & Terre Haute.
Burlington Cedar Kapids & North'n.
Cedar Rapids & Clinton
Cedar Rapids Iowa Falls & N. W. .Burlington Cedar Rapids &, North'n.
Cliicago & Northwestern,
Cedar Rapids & Missouri River
Iowa Central.
Central Iowa
Northern Paciflc.
Central Washington
Charlottesville & Rapidan
Virginia Midland.
Fitchburg.
Cheshire
Chicago & Erie.
Chicago cfe Atlantic
Chicago & Northern Paciflc.
Chicago & Calumet Terminal
Chicago Clinton Dubuque <& Minn.. Cliicago Milwauliee & St. Paul.
Pittsburg Cin. Cliicago & St. Louis.
Chicago & Great Ea.stern
Cliicago & Northern Paciflc.
Chicago & Great Western
Chicago & Eastern Illinois.
Cliicago & Indiana Coal
Chicago & Northwestern.
Cliicago Iowa & Nebraska
Chicago Rock Island & Paciflc.
Chicago Kansas & Nebraska
Atcliison Topeka & Santa Fe.
Chicago Kansas & Western
Chicago & West Michigan.
Chicago & Micliigan Lake Shore
Chicago & Northwestern.
Cliicago Milwaukee & N.
Chicago & Northwestern.
Chicago & Milwaukee
Chicago & West Michigan.
Chicagoik Nortli Michigan
St.
St.
St.
.
W
Cliicago Milwaukee & St. PauL
Chicago <fc Paciflc
Atchison Topeka & Santa Fe.
Chicago Santa Fe & California
Atchison Topeka tt Santa Fe.
Chicago & St. Louis
Chicago St. Louis <& New Orleims. .Illinois Central.
St. Louis Alton & Terre Haute.
Chicago St. Louis & Paducah
Pittsb'rg Cincinnati Chicago & St. L.
Chicago St. Louis & Pittsburg
Chicago St. Paul & Kansas City... Chicago Great Western.
Chicago St. Paul Minn. & Omaha.
Cliicago St. Paul ife Minn
Chicago Rock Island & Paciflc.
Chicago & Southwestern
Illinois Central.
Chicago & Springfield
Chicago & Northwestern.
Chicago & Toman
Wisconsin Central Co.
Chicago Wisconsin it Minnesota
Wisconsin Centr.ii.
Chippewa Falls & Western
Baltimore Ji Oliio Southwestern.
Cincinnati & Baltimore
Cincinnati Hamilton & Indianapolis. Cincinnati Hamilton & Dayton.
Cincinnati <fe Indiana
Cleveland Cin. Chic. & St. Louis.
Cincinnati Ind. St. Louis <t Chicago.Cleveland Cin. Chic. & St. Louis.
Cleveland Cin. Chic. & St. Louis.
Cincinnati Lafayette & Cliicago
Pittsb'rg Ciucmnati Chicago & St. L.
Cincinnati Ricliinond & Chicago
Cincinnati Sandusky & Cleveland.. Cleveland Cin. Cliic. & St. Louis.
Cinciuitati New Orleans & Te.x. Pac.
Cincinnati Southern
Cincinnati Jackson & Mackinaw.
Cincinnati Van Wert <t Michigan
Micliigan
Wabash
&
Cleveland Cin. Chic. & St. Louis.
Cincinnati
Baltimore »t Ohio Southwestern.
Cincinnati Wash. <fe Baltimore
Richmond & Danville.
Clarksvillc & North Carolina
Pennsylvania &. Nortliwestem.
Clearfield & Jefferson
Cleveland Canton & Soutliern.
Cleveland & Canton
Cleveland Chagrin Falls & North'n. Cleveland Canton & Southern.
Cleveland Cin. Chic, tt St. Louis.
Cleveland Columbus C1n. & Ind
Cleveland Ml. Vernon & Delaware.. Cleveland Akron & CoUimbus.
Cleveland Painesville & Ashtabula.. Liike Shore it Michigan Soutliern
Clevel. Tuscarawas V. & Wheeling. .Cleveland Lorain & Wheeling.
Northern Pacific.
Coenr d' Aleno
Union Pacific Denver & Gulf.
Colorado Central
Colorado Midland
See Atchison "System."
Columbia & Augusta
Charlotte Columbia & Augusta.
International & Great Northern.
Colorado Bridge
Pittsburg Cin. Chicago &. St. Louis.
CoL Chicago & Indiana Central
Columbus Shawnee & Hocking.
Columbus & Eastern
.
Columbua
ife
Hooking Valley
Columbus Hocking Valley & Toledo.
KAMB.
Cohunbus & Indianapolis
Columbus & Rome
Columbus & Toledo
Columbus ife Western
Concord
Connecticut Western
Connotton Valley
Vermont
Cou.solidated
WILL BE FOUND UNDER—
& St
Savannah & Western.
Central... Pittsb. Cincinnati Chic.
Louis.
Hocking Valley it Toledo.
Savannah it'Wcstern.
Concord & Montreal.
Col.
Hartford & Connecticut Western.
Cleveland <fe Canton.
Central of Vermont.
Kentucky Central.
Covington it Lexington
Covington it Macon
Current River
Macon & Northern.
Dakota Central
Dakota Great Southern
Chicago & Northwestern.
Chicago Milwaukee & -t. Paul,
Kansas City Fort Scott
<fe
Dallas & Waco
I
Danville & Grape Creek
Dayton Fort Wayne & Cliicago
Missouri Kansas
Chicago
&
Cincinnati
East
4 Memphis.
& 'Texas.
Illinois.
Dayton
<t
Ironton.
Delano Land
I^ehigh Valley.
Denver Paciflc
Denver & Rio Grande Western
Denver Tex^.s & Fort Worth
Denver Texas & Gulf
Union Paciflc.
Rio Grande Western.
Union Pacific Denver* Gulf.
Union Paciflc Denver & Gulf.
Michigan Central.
Detroit & Bay City
Detroit Maclunae & Marquette
Detroit it Milwaukee
Detroit Monroe & Toledo
Duck River
Duluth & Manitoba
Duluth Short Line
Dutchess County
East Line & Red River
Eastern of Massachusetts
Eastern of Minnesota
Easton & Amboy
Elmlra State Line
Dulutli South Shore
it
Atlantic.
Detroit Grand Haven & Milwaukee.
Lake Shore & Micliigan Southern.
Nashville Chattanooga & St. Louis.
Northern Paciflc.
St. Paul it Duluth.
Phlla. Rciiding
& New England.
Missouri Kansas <fe Texas.
Boston it Maine.
St. Paul Minn. & Han.
Lehigh Valley;
Tioga.
Y'ork Lake Erie & Western.
Cliicago & Northwestern.
Erie
New
Escanaba it Lake Superior
European it North American
Maine
Centriil.
Evansville & CrawfordsvlUe
Evansville it Terre Haute.
Kvansville Henderson it Nashville.. Ixmisville & Nashville.
Evansville it Terre Haute.
Evansville it Richmond
Evansville Rockford & Eastern
Louisville Evansville & St. Louis.
Chicago Milwaukee & St. Paul.
Fargo & Southern
Flemington
Bel videre Delaware.
Florida R.ailway it Navigation
Florida Central & Peninsular.
Florida Southern
Jaclcsonville Tampa & Key West.
Fort Sinitli it Van Buren Bridge
Atcliison Sys. St. Lo. it San Fran.
B'remont Elkhorn & Missouri Val. Chicago & Northwestern.
Kings County Elevated.
FultonElevated
Chicago & West Michigan.
Grand Haven
Grand Rapids Lansing & Detroit. ...Detroit Lansing & Northern.
Grand Rapids Newaygo & L. Shore.Chicago & West Michigan.
Michigan Central.
Grand River Valley
Green Bay & Minnesota
Green Bay Winona it St. Paul.
Columbia
Columbia it Greenville.
Greenville &
Missouri Kansas it Texas.
Hannil)al & Central Missouri
Western Maryland.
Hanover it Gettyslnirg
Harlem & Portciiester
New Y'ork New Haven & Hartford.
Hastings it Dakota
Chicago Milwaukee it St. Paul.
—
. .
Helena it Red Mountain
Henderson Bridge Co
Hereford
Holly Wayne
& Monroe
Northern
Paciflc.
I^ouisville it Nashville.
Maine Central.
& Pere Marquette.
New Haven & Northampton
Chicago Burlington it Quincy.
Huntinburg Tell City & Cannellton.Loulsv. Evansv. & St. Louis Consol.
Terre Haute & Peoria.
Illinois Midland
Louisville Evansv.
Illinois & St. Louis
St. L. Consol
Peoria & E.istern.
Indiana Blooniington it Western
Terre Haute it Indianapolis.
Indiana & Lake Michigan
Cleveland Cin. Chic. & St. Louis.
Indianapolis Cin & Lafayette
Cleveland Cin. Chic. & St. Louis.
Indianapolis & Cincinnati
Indianapolis Decatur & Springfield.. Indianapolis Decatur it Western.
Cleveland Cin. Chic. & St. Louis.
Indianapolis & St. Louis
Detroit Lansing & Northern.
Ionia it Lansing
Burlington Cedar Rapids & North'n.
Iowa City & Western
Cliicago Milwaukee & St. Paul.
Iowa it Dakota
Duhuque & Sioux City.
Iowa Falls & Sioux City
Holyoke
&
Flint
Westfleld
Humeston & Shenandoah
<fe
Chicago & Northwestern.
Chicago Milwaukee & St. Paul
Lehigh Valley.
Michigan Central.
& Saginaw
Chicago Peoria & St. Louis.
Jacksonville Southeastern
Jacksonville Louisville it 8t. Louis. Chicago Peoria & St. Louis.
Northern Pacific.
James River Valley
Lake Shore & Michigan Southern.
Jamestown & Franklin
Jefferson Madison & Indianapolis.. Pittsburg Cincinnati Chic. & St. L.
Chicago & Alton.
Joliet & Chicago
Delaware Maryland & Virginia.
Junction it Breakwater
Kalamazoo Allegan & Gr. Rapids. .Lake Shore & Michigan Southern.
Michigan Central.
Kalamazoo it South Haven
Lake Shore & Michigan Southern.
Kalamazoo & White Pigeon
Kanawha & Michigan.
Kanawha & Ohio
Missouri Paciflc.
Kansas it Arkansas Valley
Iowa Midland
Iowa it Minnesota
Athens
Jackson Lansing
Ithaca
it
Kansas City Wyandotte it N. W.
Hannibal & St. Joseph.
Kansas City Fort Scott it Memphis.
Gulf
it Memphis By. Bridge. Kansas City Fort Scott it Memphis.
St. Joseph it Grand Island.
it Omaha
Cliicago & Alton.
St. Louis & Chicago
Southeastern it Memp. Kansas City Fort Scott it Memphis.
Atchison Sys.— St. L. & San Fran.
it Southwestern
Springfield it Memphis. Kansas City Fort Scott it Memphis,
&
Western
Atchison
Topeka & Santa Fe.
Topeka
KansasCity
Kansas City Fort Scott i Memphis.
Kansas Eimipmeut
Atchison
Sys.— St. L. & San Fran.
Midland
Kansas
Kansas City Fort Scott & Memphis.
Kansas cfe Missouri
Kansas
Kansas
Kansas
Kansas
Kansas
Kansas
Kansas
Kansas
Kansas
City
City
City
City
City
City
City
City
City
Kansas
Pacific
it
Beatrice
it
Cameron
Fort Scott
&
Keithslmrg Bridge
Kentucky & Indiana Bridge
Kingman Pratt & Western
Knoxville & Ohio
l,ackawanna & Pittsburg
Union
Pacific.
Iowa Central.
Louisville Evansville
&
St.
Louis.
Atchison Topeka & Santa Fe.
East Tennessee Virginia & Georgia
Lackawannna & Southwestern.
Delaware it Hudson.
Lackawanna & Susquehanna
Lafayette Blooniington it Muncie...Ijake Erie it Western.
Rea<liug A Columbia.
Lancaster & Reading
Pittsburg Y'oungsto wn itc Ashtabola.
Lawrence
Maine
Central.
Leeds & Famiington
Lehigh Coal & Navigation.
Lehigh &, Susquehanna
Mat.
liCrftr
A
INDEX.
1899.]
WILL BE VOCND DMOEB—
KAJU.
Caney Valley
Lincoln <fe Nortliwe»t»rn
Llncolu Park & Charlotte
Little Rock Junction
Little Kock A Fort Smith
Logansport Cniwfortlnvllle
4
Long Branch & Sea Shore
Long Dock Coniimny
Long iKlancl City & Flushing
MIrsouiI Tai'lHc.
Chicago linrlinxton & Qiiinoy.
Buffalo RocUcHter & Pittsburg.
Mi»80url I'acltic.
MlnKourl raclHo.
8. W.Terro Ilauto & IvOganRport.
Central New Jersey.
New York Lake Erie & Western.
Long
iRliind.
&
Chicago <fe Alton.
Missouri River
Louisville Cincinnati & Ixsxington.. Louisville & Nashville.
Louisville llanlinaliurgiSc Western.. Louisville St. I^uls & Texas.
Chicago Peoria A St. Louis.
Louisville & St. Louis
Boston & Lowell.
Lowell & Lawrence
Georgia RR. A Banking Co.
Kfaoon 4 Augusta
Lake Mliore A Michigan Southern.
Mahoning Cual
ManitoliaSouthwest'n Colonization. Canadian Pacific.
Toledo A Ohio Central Extension.
Marietta Columbus A Northern
Toledo A Ohio Central Extension.
Marietta Mineral
Chicago A Northwestern.
Maple River
Marquette Hongton A Ontonagon... Duluth South Shore A Atlantic.
Louisiana
Marquette
Duluth South Shore A Atlantic.
Baltimore A Lehigh.
Central Massachuset ts.
A Western
Maryland Central
Massachusetts Central
Connecticut A Passumpelo.
Massawipi)!
Kentucky Central.
Maysvllle A Lexington
Pittiib.McKccsport AYoughlogheny
McKeosport A Bellevernon
Memphis ClarksvlUe A Louisville... Louisville A Nashville.
Kansas City Fort Scott A Memphis
Memphis Kansas A Colorado
Memphis A Olilo
Memphis Paducah A Northern
Menominee River
Louisville
A
Nashville.
Chesapeake Ohio A Southwestern.
Chicago A Northwestern.
Manhattan Elevated.
Metropolitan Elevated
Michigan Air Line
Michigan A Ohio
Midland of New Jersey
Micliigan Central.
Cincinnati Jackson
A Mackinaw.
New York Susquehanna A Western.
Chicago A Northwestern.
Chicago Milwaukee A St. Paul.
Milwaukee A MadLson
Milwaukee A Northern
Minneapolis A Duluth
Minneapolis A St. Louis.
Mlnneap. St. P. A Sault Ste. Marie.
Minneapolis A
Minneap. Sault Ste. Marie A Atl'tlo. Mlnneap. St. P. A Sault Ste. Marie.
St. Paul Minneapolis A Manitoba.
Minneapolis Union
Chicago Milwaukee A St. Paul.
Minnesota Central
Chicago Great Western.
Minnesota A Northwestern
Minnesota St. Croix A Wisconsin.. .Wisconsin Central Company.
Chicago A Northwestern.
Minnesota Valley
Central Vermont.
Mlssisquol Valley
Chicago A Alton.
Mississippi River Bridge
Illinois Central.
Mississippi A Tennessee
Missouri Valley A Blair RR. Bridge. Chicago A Northwestern.
Missouri A Western
St. Louis A San Francisco.
Baltimore A Ohio.
Monougahela River
Montana Central
St. Paul Minneapolis A Manitoba.
Muskegon Grand Rapids A ludiana.Grand Rapids A Indiana.
Nashua A Lowell
Boston A Lowell.
Worcester Nashua A Rochester.
Nashua A Rochester
Louisville New Orleans A Texas.
Natchez Jackson A Columbus
Nebraska
Chicago Burlington A Quiney.
Nebraska A Western
Sioux City O'Neill A Western.
Old Colony.
New Bedford Railroad
Newburg A New York
New York I.4tke Erie A Western.
New York Pennsylvania A Ohio.
New Castle A Shenaugo Valley
Nev England Equipment
New Y'ork A New England.
New Jersey Midland
New York Susquehanna A Western.
New Jersey Southern
Central of New Jersey.
New Mexico A Southern Pacific
Atchison Topeka A Santa Fe.
New Orleans A Gulf
New Orleans A Southern.
New Orleans A Mobile
Louisville A Nashville.
New Orleans Pacitlo
Texas A Paclflc.
Newport A Rlchford
Connecticut A Passumpslo.
Newtown A Flushing
Long Island.
New York Elevated
Manhattan Elevated.
New York A Erie
New York Lake Erie A Western.
Pacitlo
New York A Long Branch
New Y'ork A Manhattan Beach
New York A Oswego Midland
New Y^ork A Rockaway
N. Y. Woodhaven A Rockaway
Nlles A New Lisbon
Nodaway
Central of New Jersey.
N. Y. Brooklyn A Manhat. Beach.
New York Ontario A Western.
Long
Cleveland
Kan. City
Valley
Petersburg
Wabash.
Canadian Pacific.
Chlo. St. Paul Minn.
Northern Paeirtc.
Northern Pacitlo A Montana
Northwest A Florida
Northwestern Grand Trunk
Northwestern North Carolina
Northwestern Union
Northwest Virginia
A Rome
A Decatur
Fekln Lincoln A Decatur
Paris
Peninsular (Mich)
Pennsylvania A N. Y. Canal
Penobscot Shore Line
Penokee
Col. Hocking Valley A Toledo.
Clilcago Builtiigtou A Quiney.
Cana<lian Pacitic.
Virginia Midland.
Oregon Short Line A Utah Northern.
A Fox River.
A St. Paul
Paducah A P:iizabethtown
Omaba.
Chicago A Northwestern.
Baltimore A Ohio.
Cent. RR. A KaiikingCo. of Oeorgla
Toledo A Ohio Central.
Peoria A Eastern.
Cincinnati PortHinouth A Virginia.
Ohio Central
Ohio Indiana A Western
Ohio A Northwestern
Ohio A West Virginia
Omaha A Southwestern
Ontario A Quebec
Orange A Alexandria
Oregon Short Line
Ottawa Oswego
St.
Alabama Midland.
Chicago A Grand Trunk.
Richmond A Danville.
Ocean .Steamship
Oswe^'o
A Malioniug Valley.
A Council Bluffs.
St. Jos.
Norfolk A Western.
Norfolk A Southern.
Chicago A Northwestern.
Norfolk A
Norfolk Southern
Northern Illinois
North Missouri
North Shore
North Wisconsin
Ott imwa Cedar Falls
CxfDrd A ClarksvlUe
Tacific Coast
Paoiac of Missouri
Pacific Short Line
Island.
New York ARockaway Beach.
^
Rome Watertown A Ogdensburg.
Chicago BurllngtonA Quiney.
Chicago A Northwestern.
Richmond A Danville.
Oregon Improvement Co.
Missouri Pacific.
Sioux City O'Neill
A Western.
Chesapeake Ohio A Southwestern.
Terre Haute A Peoria.
Peoria Decatur A EvansrlUe.
Chicago A Northwestern.
Lehigh Valley.
Maine Central.
Wisconsin Central.
Wabash.
Peoria Pekln A Jacksonville
Philadelphia Maiiton A Medford... Camden A Atlantic.
Pittsburg Cincinnati A St. Louis
Pitts. Clnn. Chic. A St. Lonls.
Pittsfleld A North Adams
Boston A Albany.
Pittsburg A State Line
Buflalo RocliesU'r A Pittsburg.
Pleasant Hill A De Soto
Kansas City Clinton A Springfield.
Port Huron A Northwestern
Fllut A Pere .Marquette.
Portland A Kennebea
Maine Central.
Portsmouth Great Falls A Conway. Boston A Maine.
Potomac Valley
Western Maryland.
Poughkeepsie A Connecticut
Central New England A Western.
Prairie du Cblen
Chicago Milwaukee A St. Paul.
Pnehlo A Arkansas Valley
Atchison Toi>cka A Santa Fe.
QBlBoy Alton A St Louis
Chicago Burlington A Quiney.
Qmiaej A Palmyra
Hannibal A St Joseph.
WILL BC rOUMD UIIOB>—
HAMB.
navenswood Rwnoer A01envUl«..Ohlo River.
Chicago Burlington A QuiDoy.
Republican VaUey
New ^ ork A New England.
Hlio<le Island A Massachusetts
Kansas City Fort Hcott A MempU*^
Chesapeake A Ohio.
RIcliinond York RiverACIiesapeake. Richmond A Danville.
Rocliestcr Ilorncllsvllle A Lacka... .Lackawanna A Southwestern.
Rich Hill
Richmond A Alleghany
RochesUrr
A
Buffalo Kochester
I'ittsliurg
A
Plttsbiirf.
Bt Lawrence A Ottawa
Savannah A Western.
Northern California.
Detroit Lansing A Northern.
Chicago Kock fsiand A Paclfle-.
Bt Joseph A Grand island.
Bt. Joseph A Grand Island.
Canadian Pacific.
Bt. IaiuIs
Bt
Rome
ACarrollt4>n....
Sa<TameuUj A Plaoerrllle
Saginaw A Western
Joseph A Iowa
St.
St Joseph A
St.
Bt
Joseph
Ixtuis
A
Pacific
West<!rn
Arkansas A Texas
A Tunnel
I.ouls
Pout li western.
Terminal Association of Bt
Bridge
North A South RR.
Bt I-ouls A Chicago
Bt Louis Council Bluffs A Omaha.. Wal)ash.
T>oala
of lUlnota.
.
Bt.
St.
Louis Iron .Moiint'n A .Southern. .Missouri Pacific System.
lA>nls Jacksonville A Chicago
Chicago A Alt«n.
Ixiuls Kansas City A Northern. .. Wabash.
L. Kan. ASouthw.Atcb. System. Bt LoulsASan Franclsoo.
I.ouls A Lexington
Missouri Paclflc.
L. Salem A Ark.Atcb. System. .Bt Louis A San Francisco.
St
I>ouls
Bt.
Bt
St
St
Salem
A
A
A
Little
Rock
(8t L. Salem
A Ark.) St L.AB.
Fran.
St. Louis
San Francisco
Bee Atchison *' System."
St. Louis
Southeastern
Louisville
Nashville.
St. I>ouls Southern
St. IahiU Alton ATerre Haute.
Bt. L. WIchitii
West. .Atcb. System. Bt Ixiuls
San Francisco.
St. Paul
Chicago
Chicago Milwaukee
Bt PauL
Milwaukee Lake Shore Western.
St. Paul Eastern Grand Trunk
St. Paul
Pacific
St. Paul .Mlnneaiiolls
Manitoba.
A
A
A
A
A
A
St Paul Sioux City
St Paul Stillwater A T. F
Sandusky Dayton A Cincinnati
Sanford A Lake EusUs
San Joaquin Valley
San Pablo ATylare
A
Southwestern
Savannah Albany A Gulf
Sault
St.
Marie
Savannah A Charleston
Schenectady A Duanesburg
Schuylkill River East Side
Scioto Valley
Scioto Valley A New England
Seaboard Air Line
Seattle A Northern
Seattle Valley A Southern
A Muskingum BR
Shefiicld A Birmingham
Shenandoah Valley
Short Creek A Joplin
Sioux City A Paclfle
Shrcveport A Houston
Slatington A New England
Smlthtown A Port Jefferson
Sodus Bay A Southern
Sonora
South Georgia A Florida
Shawnee
South Pacllic <Mo.)
South Side (Va.)
Southeastern A St. Louis
Southern Georgia A Florida
Southern Kansas
Southern Kansas In Texas
Southern Kansas A Western
Southern Minnesota
Southern Pacific Branch
Southern Penns.vlvania
Sturgis Goshen A St. Louis
Sugar Refineries
Spokane A Palouse
|
^
Sterling
Mountain
RR
A
A
A
Chic. St Paul Minn. A Omaha.
Chic. St Paul Minn. A Omaha.
Cincinnati Sandusky A Cleveland'
Jacksonville Tampa A Key West,
Central Pacific.
Northern
(California).
Chic. St. P. Minneapolis
A Omaha
A Western.
A Savannah.
Delaware A Hudson.
Baltimore A Ohio.
Norfolk A Western.
Norfolk A Western.
Seaboard A Roanoke.
Bavannah Florida
Charlest(m
Oregon Improvement.
Missouri Pacific,
Columlins Shawnee
A
Hocking.
Birmingham Shettleld A Tenn-Rlrer.
A
Western.
KansasCity Fort Scott A Memphis.
Chicago A Northwestern.
Norfolk
Houston A 8hrevci>ort.
Fennsyra Poughkeepale A Boston
Long Island.
Elmira A Lake Ontario.
Atchison Topeka A Santa Fe.
Bavannah Florida A Western.
Bt. Louis A San Francisco.
Norfolk
A
Western.
Louisville
A
Nashville.
Savannah Florida A Western.
Atchison Topeka A Santa Fe.
Atchison Topeka A Santa Fe.
Atchison Topeka A Santa Fe.
Chicago Milwaukee A St. Paul.
Southern Pacific of California.
Cumberland Valley.
Lake Shore A Michlaaa HcmUum.
American Sugar Kwotary.
Northern Pacific.
Sterling Iron A R'y Co.(8ee Mlscel'»>
Pittsburg Clnn. Chlo. A St Louis.
BtoubcnvlUe A Indiana
Stockton A Copperopolls
Sugar Trust
American Sugar Refining.
Suubury A Erie
Philadelphia
Syracuse Northern...'
Taylor's Falls A Lake Superior
Tarklo Valley
Tavares Orlando A Gulf
Southern Pacific of California.
A Erie.
Rome Watertown A Ogdensburit.
St. Paul A Duluth.
Kan. City St Jos.
Florida Central
A
A
Council Blnffk
Peninsula.
Tcbo A Neosho
Missouri Kansas A Texas.
Tcrre Haute A Southeastern
Evansville A Indianapolis.
Texas Mexican
Mexican National.
Tole<lo Ann Arbor A Cadillac
Toletlo Ann Arbor A North Mioh.
Toledo Ann Arbor A Grand Trunk.. Toledo Ann Arbor A North Mich.
Toledo Aim Arbor A Lake Miclilgan.Toledo Ann Arbor A North Mlok.
Toledo Anu Arbor A Mt Pleasant. .Toledo Ann Arbor A North Miclk
Toledo Belt
Wheeling A Lake Erie.
Toledo Cincinnati A St Louis
Toledo St Louis A Kansas City.
Tonawanda Valley A Cuba
Attica A Freedom.
Toronto Grey A Bruce
Canadian Pacific.
Troy A Boston
Fltchburg.
Tunnel RR. of St Louis
Terminal Ass'n of St Loula (MaeeL
Union
Northern Central.
Union Railway of Chattanooga
Chattanooga Union.
Union Elevated
Brooklyn Elevated.
Union A Logansport
Pittsburg Cincln. Chicago A 8t L.
....Maine Central.
Upi>er Coos
Utah Northern
Oregon Short Line A Utah North'iw
Utah Southern
Oregon Short Line A Utah North'o.
Utica A Black River
Rome Watertown A Ogdensburg.
Venice A Carondelet
Louisville EvansvUle A 8t Louis.
Vcnligrls Val. Independ'ce A West. .Missouri Pacific.
Vernon Greensburg A Rushvllle
CInciu. Indlanan. St. L. A diloaco.
VIcksburg A McritUan
Alabama A Vlcksburg.
Virginia A Tennessee
Norfolk A Western.
WacoANortliwestem
Houston A Texas Central.
Wabash Western
Wabash.
Warren A Franklin
Western New York A PenniylTanU
Warwick Valley
Lehieh A Hudson River.
Washington Cily Va. Mid. A Gt So. Virginia Midland.
Washington City A Point Lookout. Baltimore A Ohio.
Wasliington Ohio A Western
Richmond A DanvlUe.
Watertown A Rome
Rome Watertown A OgdenNinrf.
Wavnesburg A Canton
Clevelaiul Canton A Southern.
Western Maryland.
Western Maryland Tidewater
Western Minnesota
St Paul A Northern Paclflc
Western Pacific
Central Pacific.
Western Union RB
West Wisconsin
A Southwestern
A Western
Winona A St Peter
Wisconsin A Minnesota
Wichita
Wichita
Wisconsin Minnesota
Wisconsin Valley
A Paolflo
York A Peach Bottom
ZanesTille Terminal
Chicago Milwaukee A St Fanl.
St Paul Minneap. AOmataa.
Atchison Tojieka A Santa Fe.
Atchison ToiH'ka A Santa Fe.
Chlo.
Clilcago
A
Ni.rthwekitem.
Wisconsin Central Company.
Minneapolis A St Louis.
Chicago Milwaukee A 8t Paul.
Baltimore A Lehigh.
Columbua Bbawnee A Ho. kuc
c.. c
.
,
:
STOCK AND BOND
T ABLES.
NOTES.
These tables are expressly intended to be used In connection with tbe information concerning inrestment matters published trom week
"•o'veek intheCuEONiCLR. At the conclusion of the statement for each company, therefore, is furnished a complete index ot all items per'tidnlng to that company published in the Chkoniole within the last eighteen months. Annual reports are in black-faced figures.
In case any company •annot be found in its regular alphabetical order (the railroads being arranged together first, and miscellaneous
companies following), reference should be made to the index on a preceding page, as many roads having been leased or consolidated, their
aeoorltles are placed under the name of the controlling company.
The dividends appearing in the remarks are those actually paid in the course of the calendar year named, or such as have been d eclared
And will be paid in it. In many Instances these dividends are paid in part out of the earnings of the preceding year, and hence it ia tha
they often differ from the dividends given In connection with the earnings.
The following will give explanations of each of the columns of the tables below
i)e»erip«M»t.— Abbreviations used are: M. for "mortgage;" gon. M. for "general mortgage;" con. H. or oonsol. M. for "consolidated mortgage;" inc. M. for " income mortgage;" g. f or "gold;" guar, for " guaranteed " cum. for "cumulative;" non-cum. for " uon-oumula.
;
Mve;" conv. for "convertible;" pref. for "preferred;" s. f. for "sinking fund;" L gr. for "land grant;" r. for " registered " o. for
"coupon;" o.* for," coupon but may be registered as to principal;" o. i, r. for "coupon and registered;" br. for "branch;" end. fo r
endorsed';" "red." for redeemable, meaning subject to call before maturity (so"red. at 100" means s«bjeotto call at par); " d'm'
or " drawn " for drawn by lot from time to time and paid from the sinking fund.
Dale of Bonds.— The date of issue on the face of the bonds is referred to in this column.
MUet o/itoo<J.— Opposite stocks, this means the miles of road owned opposite bonds, the miles covered by the mortgage.
JUteior Par Value.—ThoBe figures, unless otherwise marked, are dollars, showing the denominations or par value. The figures " 100, (ho.," signlf y
$100 and larger.
Malt Per Oent.—The interest jper atmum is given for bonds, but the per cent of last dividend for stocks g. means gold x, extra s. stock or scrip.
ir%<n Payable.—J. & J. stands for January and July F. & A., February and August M. & 8., March and September A. & O., April and October
M. <feN., May and November; J. AD., June and December; Q.—J., quarterly from January; Q.—F., quarterly from February; Q.— M.
;
'
;
;
;
;
;
;
;
quarterly from March.
Bonds, principal tohen due ; Stocks, last dividend.— The date In this column shows the period when the principal
when the last dividend was paid on stocks.
falls
j
due of bonds, but the time
Subscrtbers will eonfer a great favor by giving Immediate notice of any error discovered In tbese Tables.
EAtLEOADS.
For explanation of column headings,
&c., see notes
Miles
Date
Size, or
of
of
Par
per When Where Payable, and by
Outstanding Bate
Value.
Cent.
Payable
Whom.
Eoad. Bonds
above.
Alaiiama Great Southern— Cowiaon "B" shares
Preferred "A" .shares
1st mortgage, gold
c
Gen. M. sterl. £1,160,000, red. at 110 Jime 1, '98 .c
Debentures, gold
Certificates (issued by English Co.) sinking fund..
Alabama Midland Common stock
Preferred stock, 6 per cent, non-cumulative
1st Mort.j guar, by Sav. Fla. & W., gold
c
P Ist M., gold, Spraguo to Luvernc, $15,000 p. m. c
Sla. N. O. Tex. it Pac. June. Deferred "B" shares.
Preferred "A " shares
290
290
290
290
—
.
—
"A" deben., inc see remarks
"B" debentures, redeemable after 1910
Alahama
at 115.
call at 100. .
<t Fi'c/rsOMro— Stock
& Meridian Ist mortgage
Consolidated 1st mortgage, gold ($1,800,000)...
2d mortgage, inc.for 5 years, nou-cum., gold
M,hany a /Jitsg.— Stock, 7 p. c. rental D. &, H. Canal.
Albany City loan (sinking fund, 1 per ct. yearly).
Consol.M. (guar. D. & H. endorsed on bonds). .c**r
Vloksburg
£10
£10
1878 $1,000
£100
1888
1886
£100
1888 Various.
tlOO
100
$1,000
1,000
1888
1890
£10
£10
£100
£100
£100
1890
1890
1890
c*
,
"C" debentures, income, sulgect to
175
34
143
143
143
143
142
142
100
1881
1,000
1889 100 &c.
1889 100 &c.
100
1,000
1865
1,000
1876
Alabama Great Southern.— C£ee Map East Tennessee Virginia d
Oeoroia;.— Owns Wauliatchie, Tenn., to Meridian, Miss., 290 miles leases
Wauhatchie to Chattanooga, 5 miles; total operated, 295 miles. The
.Alabama & Chattanooga KB. was sold under foreclosure January 22,
1877, and reorganized Nov. 30, 1877. An English company of the same
title owns all the stock of the American company, and is itself
controlled by the East Tennessee Virginia & Georgia Railroad
Company. Capital stock of the English Company— common ("B"
shares), £1,566,000, and preferred 6 per cent cumulative for six
Tears ("A" shares), £676,070— iiar £10, of which in April, 1890, the
East Tennessee Virginia & Georgia purchased £340,000 "A" shares and
*783,010 " B " shares (pledged to secure its Cincinnati Extension bonds).
See V. 50, p. 560. The English and American companies own jointly
«1,000,000 Cincinnati New Orleans & Texas Paeillc Railway Co. stock.
Dividends on "A" assenting shares for period since December 31,
1887 (at which date unpaid dividends from Deo«ml)er 1, 1885, to
January 1, 1888, were funded on all except £11,500 non-assenting
•hares) have been: In 1889,6 per tent; in 1890,9; in 1891,6 i>er
cent. On (31ass "B" 1^2 per cent was paid November, 1891. Enough
of the general mortgage bonds are reserved to retire the Ist Os of 1908.
Car trust June, 1891, $115,789; Certificates for funded arrears of
dividend, $398,204.
From July 1, 1891, to Mar. 31, 1892 (9 months), gross earnings were
«1,471,284, against $1,498,126 in 1890-91
net, $364,617 against
$488,076. Fiscal year ends Jime 30.
The report for 1890-91 in V. 53,
p. 639, showed gross earnings of $1,942,981; net, $580,750; total net
iaeome, $621,271 interest, $225,819; other charges, (!)
dividends,
$96,107. In 1889-90 gross earnings were $1,957,365; net over expenses and taxes, $628,988.— (V. 51, p. 612 V. 53, p. 324, 639.)
;
;
;
INTEEEST OE DIVIDENDS.
Amount
£1,566,000
£676,070
£376,000
£134,000
£81,935
if:
J.
J.
J.
F.
$2,625,000
1,600,000
2,800,000 See rem.
500,000
6g.
£2,500,000
£1,500,000
£748,850
1,048,390
810,700
$700,000
London,
do
N.Y.,Fann.L.&Tr.& Bos
D. London, Comp'y's office.
A.
do
do
do
do
&
&
N. N.Y.,Met'polltan Tr.Co.
D.
None paid.
&
&
&
N.
N.
D.
.].
O.
I'-
1,000,000
516,800
6
700,000
3,500,000
5
1,000,000
10,000,000
A
*,
A
&
lia
3
$1,7.50,000
&'o.
g.
3ifl
6
6g &7
& o.
& o
& J
& N.
& o.
Bo«</«—Prlnc i
pal.Whon Due
S/ocfc«— Last
Dividend.
Nov. 20, 1891
Nov. 20, 1891
Jan. 1, 1908
Dee. 1. 1927
Aug. 15, 1903
By 8ink*g fund
Nov.
Deo.
1,
1,
1928
1929
Nov.1,1910-40
Nov.1,1910-40
Nov. 1, 1940
Cincinnati, Office.
Nov.lO, 1891
N. y.. Central Trust Co, Apr. 1, 1921
Apr. 1, 1921
do
do
Apr. 1, 1921
do
do
N.Y.,Del.&Hud.Can.Co, Jan. 2, 1892
1895-1897
do
do
April 1, 1906
do
do
See remarks.
See remarks.
See remarks.
which the new debentures were issued in 1891, the receiverbeing discharged in April, 1891. See details V. 51, p. 537. The fixed charges,
which formerly stood at about £130,000 per annum, were r educed to
£37,500 by the reorganization.
The prefeiTed or "A" shares are £1,500,000, having a preference for
6 per cent, cumulative, and the defeiTcd or "B" shares £2,500,000 par
value of all shares £10 each. UntilNov. 1, 1895, the "A" debentures
are entitled to receive interest only if earned, but unpaid interest is
cumulative. Tliey, as also the " B " debentures, are redeemable at the
option of the company after Nov. 1, 1910, at 115. The "B"and "C"
debentures are both incomes for their full term, receiving interest only
if earned, and are a second and third charge on earnings respectively.
The " C " debentures are siibject to call at any time at par, on six
months' notice. The company holds the follo\\ing securtties, viz.: Of
Alabama & Vicksburg .$30,000 1st mortgage, $141,100 consohi, $387,700 2d mortgage incomes and $387,700 stock; of Vicksburg Shreveport & Pacific, $3,692,000 1st mortgage, $1,364,000 3d mortgage,
$494,860 incomes and $1,594,000 stock; of New Orleans & North
Eastern, .$4,900,000 1st mortgage and $4,320,000 stock of New Orleans Spanish Fort, <& Lake RR., $300,000 first mortgage and $200,000
common stock of Cincinnati Southern, $532,000 stock. For the 15
months ending Dec. 31, 1891, gross receipts from investments were
£76,496 after meeting general expenses, mterest on "A" debeutiu-es
(for 14 month.s), <fec., there remained a balance of £27,387, out of which
21a per cent interest was paid on the "B" incomes, leaving unappro;
;
;
;
priated £1,833.
(V. 50, p.
560
;
V. 51, p. 537.)
;
;
Alabama Midland.—Completed in February, 1890, from Bainbridge, Ga., on the Savannah Florida <fe Western, northwesterly
to a connection with the Louisville & Nashville at Montgomery,
Ala., about 175 miles; branch, Sprague Junction to Luvernc. 34 miles;
total owned, 209 miles. In July, 1890, the Plant Investment Company,
owners of the Savannah Florida & Wcatem, purchased control, and road
became part of that system. See V. 51, p. 50. Interest due May 1
1891, was not paid, and in August, 1891, it was proposed
io pay 6 per cent interest till November 1, 1892, and then
to scale the mterest to 5 per cent, stamping the bonds principal and
mterest guaranteed in gold by the Savaimah Florida & Western. Only
*85,000 bonds remain unassented. No arrangement was mode with
•he branch line bonds, mostly held by the Plant Investment Co. Gross
earnings in 1891 were $539,290. Stock— Common, $2,625,000, and
preferred, 6 per cent non-cmnulative, $1,600,000 (par $100) of wliich
(the Plant Investment Company owns $2,425,000 common and $1,200,000 prefeiTed.— (V. 51 p. 50 V. 52, p. 680, 898 ; V. 53, p. 186, 256, 368.)
;
;
Alabama Netv Orleans Texas
Sc
Pacific Junction (I.tm-
Hed.)—This is an English company controlling the Alabama & Vickshurg. 142 miles; Vicksburg Bhreveport & Paoiflc, 189 miles; New
Orleans & North Eastern, 195 miles and Spanish Fort Railway, near
Ifew Orleans, 13 miles. In November, 1887, a receiver was appointed
And In October, 1890, a plan of reorganization was brought out, under
;
Alabama tc Vicksburg.—Owns Vicksburg to Meridian, Miss., and
branch, 143 miles. It is mainly owned and controlled by the Alabama
New Orleans Texas & Pacific Jimction Co.— which see. The Vicksburg &
Meridianroad was sold Feb. 4,1889 (see V. 48, p. 190),and reorganized as
now. The new seconds are income (non-cumulative as to earnings)
for five years, and are a first Uen-on the Vickslnirg & Meridian lands
(124,869 acres), interest being payable fi'om the sales of such lands;
when interest is paid from earnings these land sales will constitute a
sinking fund for the second mortgage bonds. Trustees of mortgage.
Central Trust Co. of N. Y. All coupons on the incomes have been paid
to April 1, 1892. Stock, $700,000; par, $100. Car trusts, $21,000.
First dividend (3 percent) was paid November, 1890; second, November, 1891, 3 per cent.
From July 1, 1891, to Mar. 31, 1892 (9 months), gross earnings wera
$557,432, against $517,853 in 1890-91; net, $139,000, against $145,762
In year ending June 30, 1891, gross earnings were $648,400; net,
$149,129; interest, $117,215; surplus, $32,689. (V. 48, p. 209; V.
51, p.
303; V.
53, p.
289,
712.)
Albany & Snsauehanna.-C5«i Uap Delaware <e Hudson Canal.}—
N. \., to Binghamton, N. Y., 142 miles; branches, Duaneaburg Junction, N. Y., to Schenectady, 14 miles; Coliloskill, N. Y., to
Cherry Valley, 21 miles; operates Lackawanna & Susquehanna RR., 22
mUes; Bast Glenvillo to Coons, 10 miles; total operated, 209 miles.
Leased for 150 years from February, 1870, to Delaware & Hudson
Canal Co., which owns $450,000 stock; rental, 7 per cent on stock.
Additions and betterments charged to lessors, and cost made part of
Owns Albany,
.
r.
Hat,
RAILROAD STOCKS AND BONUS.
1898.)
Snbacrlber*
confer a Kreat faTor by Ktvlnc Immediate notice ot any error discovered In these Tables.
tvlll
RAILROAD8.
column Ueadlngg,
on first page of tables.
For explanation
)
of
Ao., see notes
Miles
Date
Size, or
of
of
Par
Road. Bonds
J.Ueaheny d Kinruo— Ist M., for $500,000, Bold, .o*
Allegheny Valley— Common stock for $li!,OOO,O0O..
PrcfeiTCd stock for $18,000,000, a i)or cent cum.
0*
Ist mort iiiulu line (Kiver Division)
Istniort., Eastern Exten., Kiiar. by Penn. KK..0
Statfl I'a., $100,000 due Jan. 1, yearly..
(ieneral M. (*'.;o,<>00 .OW)) k'oUI, Kuar. p. & l..e*Ar
illentovm Terminal ICIi.—lat niortKaRC, jtna-r. K'do*
Arcadia, aulf, VoasI, Lakel'd—BUtcV ($1,500,000).
Arizona <t JVcic Mexico.— lat M., rod.aftcr '93 at 110
Mort. to
A rkansas Midland. — Bonds
42
259
2.'i9
132
110
242
259
3
1866
1870
1870
1892
1889
$1,000
100
100
1,000
1,000
100,000
1,000
1,000
per When Wbeie Payable and by
Outstanding Bate
Cent.
Payable
Wlioiu.
$485,000
,7(10.0(10
i,:iKi,oo(»
1
4rio,()()o
600,000
1,330,000
.500,000
1883
66
66
254
84
1885
1887
1879
1879
i.OOO
1,000
1,000
1,000
1888
1885
5,000
1,000
F.
7-30 J.
A.
7
5
J.
H.
lO.OOO.IKK)
100
"ii
He-
10,543,100
15,445,900
4,000,000
J.
b"
Pacific— Iftt M.($16,000 p. mj ga. .c*
AUhUon Jewell Co. it n'M(.— Ist M., guar. C. B. U..P.o
it Santa Fe— Stock
Topeka
AtehUmi
Guarantee Umil notes (cxt'ded in 1891) red.atlOO 471
143
Louis
Ist mort. ($10,000 permllo).
Chicago A St.
Other prior uiortgaKes (Sec remarks)
c**r
fl,619
gold
General mortgage,
c*&r 0,619
do. tnoomes non-cuin., gold, red. ati)ar
c&r
New 2d M. gold, class A for $80,00(5,000
•(
o<Sir
class B, see remarks
do
*Eqalp.Tr.,8er.A,g.,$'2!>0,OOOdwn. y'rly atpar.o.
AtehUtm Syttem.— Atlantic <t Pacific—
Guar, trust mortgage gold, (redeemable at 105) c*
West Division 2d M. guar.jg. (s.f. drawn at 105).c*
.
672
560
Inc. bonds, non-cuni., W.D.($18,750p.m.)..c''*]
100
1889
1889
1892
1892
1892
5()6"io.
500 Ao.
500 Ac.
500 &c.
1,000
1887
1887
1880
2«'
215,000
4,070,000
542,000
6
101,492,787 See rem.
7,000,000
6
1.500,000
6
1,720,315
131,510,000
79,400,000
2,500,00(1
18,727,000
1,000
1,000 See remarks
50 &c. 12,000,000
Bowb—
Prlnol.
pSl, When
Due
«lo<**-Laat
DlTldend.
A
A. N. Y. Central Trust Co.
A
J. N.Y.,PIiUb. a Pittebnrg, Mob. 1, 1890
O. Phll.,Pa. RR.Co.ALon. April 1. 1910
J. PtaUadelplila,Pa. RR.C'o lOO.OOO Jan.l
&
A
A
A
do
do
B.
J.
New York and
Phlla.
See
Mch.
July
1,
1,
1942
191»
Clifton. Arizona.
Aur 1, looe
J. N. T., H. Talmadge A Co
O. N. Y.,Fourtli Nat Bank. April 1. 1936
F. *"a.
J.
c
Athecille <« A';)<i)(aH&i(r^— Ist mortgage, gold
2d luortKagc, gold
Alehiaon Vol.
1890
Value.
LNTKRESI OB DIVIDENDS.
Amount
A.
J.
A
A
A
t
do
do
July 1, 1937
N.Y.Cn.Tr.Co.ABoBton. May 1, 190»
N.Y.Un.Tr.Co.ABoston. Mar 1. IOCS
N.Y., Boston A Chicago. Nov. 15,1888
N. Bo8tn,Klddor, Peabody. Nov. 1, 1898
8. N.Y.,Farm'sL. ATr. Co. Hcb. 1, 1915
J.
F.
A
A
N. Y. Union Trust,
J. A J.
Sept. 1. $ Boston and London.
do
do
2>s to 4°g A. AO,
A. AO.
do
do
J. A J. New York and London.
|K- J. A J. N. Y., Mercantile Tr. Co.
H. A B.
do
do
A. A O.
H.
M.
>
Various.
July
July
July
July
yr'ly
Jan.
1989
1989
1989
1989
»25O,00O
1,
1,
1,
1,
1,
1937
Sept. 1, 1907.
Oct. 1, 1910
Investment The consolidated mortgage is for $10,000,000, of which game, 57 miles 'VViohlta A Western, 125 miles Atlantic A Paclflc, 947
$3,000,000 are 7 per cents, currency; the principal of the 6s is also pay- miles total ownedjolntly, 1,276 miles (of which 1,123 now wholly controlled). Total (including 19 mileage operated Jointly), 7,114 miles.
able in "lawful money," but the interest in gold.
To the above lu May, 1890, was added tlie St. Ix)uls A San Franciseo
For nine months tti March 31, 1892, surplus over charges was
Railway (1,863 miles), and in October, 1890, the Colorado Midland (350
$389,095, against $357,800 in 1890-91.
miles),
making a grand total of 9,328 miles June 30, 1891.
against
gross
earnings
were
$3,790,162,
In year ending June 30, 1891,
In November, 1890, under a tralflo arrangement with the Ohio ago
$3,808,911 In 1889-90; net, $1,533,574, agatnat $1,(566,188; surplus
Peoria
A
St. fxiuis, a through Una between Chicago and St. Lo ula wa*
V.
51, p.
over charges, $396,300, against $543,327.— (V. 50. p. 707;
opened. See V. 51, p. 608.
207, 681 V. 52. 280, 762 V. 53, p. 224, 714; V. 54, p. 289, 800.)
AUejEbeny Valley Railway.—Owns from Pittsburg to OH City.
OROANizA'noic, Leases, Ac— The Atchison Topeka A Santa Fe ComPa., 132 miles; branches— Red Bank, Pa., to Driftwood, 110 miles! pany was incorporated March 3, 1863. The main line of 471 miles wa*
others, 17 miles; total operated, 259 miles. This company was a reor- opened December 23, 1872. The whole system outside of this main line
ganization March 1, 1892, of the Allcghouy Valley Railroad Company, is nominally under different corporations, of which the owDershlp la
which went into receivers' hands in May, 1884, and after much litiga- vested in tlie Atchison and the roads usually leased to it.
tion was sold in foreclosure on Deo. 15, 1891, subject to the mortgage
In August, 1884, an agreement was made through the Atlan tic A PaDonds of 1866 and 1870. It Is controlled and operated by the Pennsyl- clflc for the control of the Mojave Division of tlie Soiitiiern Paclflc and
vania RR. Co.
for trafhc privileges over the Southern Pacific to San Francisco. The AtUnder tl»e reorganization plan is issued a new general mortgage lantic A Pacilic ttrst and second mortgage bonds are guaranteed one-half
for $20,000,000 four per cent bonds, principal and interest guar- each, severally but not Jointly, by the Atchison and San Franciseo cos
anteed by the Pennsylvania Railroad. Of these bonds $17,100,000
On Octolier .15, 1889, tile company issued its plan ot reorganization,
(being tl>e principal and 8 per cent additional ot the prior liens not which was simple but comprehensive. No assessment was made on the
divested) are ro-served to take up the said liens as they mature, and stock, and new bonds were autliorized to retire the existing Indebted$1 ,000,()00 are held for the future purposes of the company, the ness. The plan was successfully carried out, and of tiie $148,446,balance, $1 ,900,000, being used in the reorganization. The Fidelity 000 prior bonds immediately treated only $1,7'20,315 remained not
Title it Trust Co. of Pittsburg is the mortgage trustee. Stock autlior- depo.sitcd in June, 1891.
See the plan in V. 49, p. 504, and article on
izcd $30,000,000, of which $18,000,000 is cumulative 3 per cent pre- pp. 483, 597; also particulars below.
ferred stock. The Pennsylvania RR. Co. received $10,000,000 preIn May, 1890, control of the St. \M\xi» & San Francisco Railway Comferred and $8,251,050 common stock. The plan of reorganization was pany was acquired, $22,000,000 of Atchison stock being issued to purpubli8lie<l in the Cukoniclb of October 10, 1891. See V. 53, p. 324, cliase the San Fi-ancisco Company's $25,500,000 common and preferred
368, 520 V. 54, p. 409, 524.
stock. See V. 50, p. 734. Through the St. Louis A San Francisco full
The Pennsylvania RR. Co. guarantees to purchase the interest on the oonti-ol of the Atlantic A Pacitlc is secured.
7 per cent 1st mortgage of 1870. The Pennsylvania RR. Co., theNorthTlie Chicago Elevated Tenninal Railway Company was organized la
ern (Central Ry. anil the Philadelphia & Erie RR. are guarantors on the August, 1890, to furnish to tills ro.ad and other railroiwls a better
5 per cent loan of 1870. In the reorganization these companies re- means of entering Cliicago. In March, 1892, the real estate of the
ceived certain securities. See V. 53, p. 520.
Atchison in Chicago was sold for $8,102,264 to this Elevat(!d Terminal
FTOva Jan. 1 to Mar. 31 in 1892 (3 mouths) gross earnings were $573,- Co., which is in n('> way allied to the Atcliison, but an entirely separate
543, against $571,483 in 1891 net, $197,978, agst. $208,82-1. In 1891 company. (See V. 53, p. 921; V. 54, p. 158, 287, 525.)
In 1890 gross, $2,592,101 net,
In October, 1890, the entire capital stock of the Colorado Midland
froBS, $2,548,794: net, $1,026,853.
1,124,651. (V. 52, p, 795 V. 53, p. 324, 368, 520, 568, 921 V. 54, ($8,000,000) was purchased on terms eouiviilent to $1,600,000 in casli
p. 328, 405; V. 54, p. 409, 524.)
and $5,333,400 of Atchison stock. See V. 51, p. 608.
Allentown Terminal.—Owns 3 miles of railroad in AUontown.
Stock and Bonds.— Dividends have been— in 1879, 3 per cent; ta
Pa., connecting the East Pennsylvania (Philadelphia & Rcailiug) with
6 ca.sh and 50 stock; from 1882 to 1886.iaoluslTe, •
the Central of New Jersey. Leased for 999 ye.ars to Philadclpliia it 1880, 81a; in 1881,6I4;
cent; in 1887,
per
in 1888, 514; in 1889 and since, nil.
Reading and Central of New Jersey (l)y assignment from Lehigli Coal &
Price of stock (iu Boston till 1886 and afterwards in New York) was—
Navigation) at interest on bonds and 5 iior cent on .$450,000 stock (par
92<*1.54i4; in 1882, ^>i'»gl'M^^, in 1883, 78a86>4; In
in
1881,
1884, 59i»
$50), bonds being guaranteed, principal and interest, by Philadelphia &
380; in 1835, 63i4a>89i2; iu 1886, 8f9<*99%; in 1887, 90%ail8''8; In
Beading and Lehigh Coal & Navigation.- (V. 50, p. 422.)
;
;
;
;
;
;
;
;
;
;
Arcadia, Gnlf, Coast, Lakeland RR.— Under construction
from Lakeland, Fla., comiecting with Northern and Western trunk
lines, to Arcadia, and thence to deep water on tlie Gulf of Mexico; total
length, including branches, about 200 miles, steel standard gauge.
Traverses the phosphate district of Florida. Land grant 3,840 acres per
mile. Private citizciishavedonatedlands said to be of considerable value.
Stock for $500,000 was offered for sale at par in June, 1891. Stock
authorized $1 ,500,000 par value $100. Anthony Peters, President, 88
;
Lincoln Street, Boston.
Asheville
& Spartanburg.-CSe« Map Richmond A
West Point Terminal). Owns from Spartanburg Junction, S. C, to Asheville JnnctionN. C, 66 miles. Sold in foreclosure April, 1881, and reorganized. Controlled by Richmond & West Point 'Terminal, which owns $1,047,981
of the $1,050,000 stock, and $215,000 second mortgage bonds, and has
pledged them (except a few shares of stock) under its collateral trust
of 1889. In 1890 gross earnings were $150,133, against $121,225 in
1889 ; net, $12,303, against deticit of $2,941.
Atcblson Colorado
Paclflc—Owns WatervtUe, Kan., to Washington, Kan., 20 miles; Grcenleaf, Kan., to Logan, Kan^ 155 miles',
Logan to Lenora, Kan., 25 miles; Downs, Kan., to Ball cAty, Kan., 24
miles; Yuma, Kan., to Warwick, Kan., 31 miles; total, 254 miles. The
road forms an extension of the Central Branch Uidon Pacilic, which
leased it in 1 879 for 25 years, and guaranteed the bonds. Controlled by
Union Paclflc, butoi>erated l)y Missouri Paoittc. Stock, $1,522,400 (par
f 100), of which U. P. owiis $920,300. Rental is $254.37* per annum.
Atehlson Jeivell County A. Western,—.Tamestown, Kan., to
Burr Oak, Kan., 34 miles. Under same auspices and control as Atchison
Colorado A Pacilic. Stock, $202,800 (par $100), of which Union
Pacific owns $105,000. Rental i« S34.000 rer annum.
—
&
Atcblson Topeka A Santa Fe.— <.See Maps.) — Line op road.—
The Atchison Tojicka Jt Santa l''e leased and cousolidateil lines Include
the main line from Chicago, 111., to Kansas City (458 miles), and tiience
to Denver, Col., 1,210 miles; also from La Junta, Col., via AUiugnerquc, N. M. (on the Atlantic A PaciUc), to El Paso, Tex., 601 miles
ranches In Kaiis.as, etc., 2,771 miles total, 4,582 miles. In addition
there are the Gulf Colonulo A Santa Pe Ry. (owned alwolutely). running from Galveston, Tex., to Piirceli, Ind. Ter., 518 miles, an(i brandies
540 miles; the Soiiora Ry., from Nogalcs to Guaymas, Mexico 262
miles; the New Mexico & Arizona, 88 miles; the Southern California
Railway, 475 miles the St Louis Kansas City A Colorado RR., (il
miles. Roads owned Jolntl.v with other railroad companlos: Leavenworth Topeka A South Western, 47 miles; Manhattan Alma A Burlin;
;
;
1888. 533899913; iu 1889, 26i2a'58; in 1890. 23i395038: In 1891,
24=8»47ii!; in 1892, to May '20, inclusive, 3213346=8.
In August, 1890, a dividend of 2^ per cent was declared on the Incomes for the nine months ending June 30, 1890, and in July, 1891,
2 per cent was declared for the year eiidiug June 30, 1891, and in
May,1892, 2ia per cent, payable Sept. 1 , for year 1891-S>2.
In May, 1892, It was proposeti to create a secoiul mortgage covering
all the projierty of the Atcliison and its auxiliary companies named in
circular 63 (see V. 49, p. 504), to be next in lien to the general mortgage
and to secure gold Iwnds dated July 1,1892. and due July 1, 1989. Thla
mortgage if tlie plan goes through will provide for $80.()00.000 of class
A bonds, whicii will be given in exchange dollar for dollar for the present income bonds, the class
bonds bearing 2I3 per cent Interest tlU
Oct. 1, 1893; then 3 i>er cent till Oct. 1, 1894; then 31.2 per cent till Oct
1, 1895, thereafter 4 per cent till maturity.
Under tlie same mortgage
there will be issued .$20,000,000 of class B bonds, to draw flied Intor^
est at 4 per cent per annum; but not more than $5,O0O,(K>0 of this
class can be Issued in any one year. The proceeds of cla.ss B shall be
applied only to specitlc improvements (including equipment), on the
mileage of the Atchison .system as it existed as of July 1, 1892, exclusive
of the St. Louis A San Fraucisco and Colorado Midland roads. Under the
new mortgage the company will have the further right when all the
class B bonds shall have Iwen Issued, to put out 4 per cent gold bonds
not exceeding $2,500,000 i>er annum, for the same siiecilic punK>8es on
the same mileage to a ti>tal limit of $,50,(XK).000. Income bonds will
be received for exchange under tills plan lioginning June 1, 1892, at
the Union Trust Co. in New York, tlic Union 'Trust Co lu Boston, and
Baring Bros, in London. The first Lssue of class B bonds will l)e offered
to present Income bondholders and the subscription lias been underwritten. For facts as to the bearing of this proposition ou the com.
pany's finances see the Ciikonici.k of May 28.
* From new second iiiortKago Class B bonds suHloient funds will
be reserved to retire these Equipment Trust bonds as they become due, and
to pay the iuterest ou the same. The Equipment 'Trust of 1890 ha*
oeen canceled.
In October. 1891, the guarantee fund notes were extended for two
years with 1 per cent bonus to holders. V. 53. p. 474. The.sc uotes are
secured by a second mortgage of tlic .\tcliison main line In Kansas and
the deposit of tile Cliicago Santit Fo .(e California line and terminal
stocks (in Chicago) with tlie Boston Safe Deixisit A Trust Co., trustee.
Tlie general mortgage 4s and, suliieel to tliese, the income 5s. are
both s()cured by one indenture to the Union 'Trust Company of New
York, Trustee, and cover the entire property of the company, all shares
of stock owned or controlled (except sufllcient to qualify directora), all
A
8
INVESTOES' SUPPLEMENT.
[Vou uv.
Mat,
1868,
EAILROAD STOCKS AND BONDS.
ft
'ENVESTORS'
StJPPLEMENT.
Vol. LIV.
May,
1898
RAILROAD STOCKS AND BONDS.
II
..
Ce
.
.
.
:
.
mVESTORS' SUPPLEMENT.
Id
.
.
[You. LiV.
Snbacrlbera will confer a great (iKTor by k1v1>>K Immediate notice of any error <nMOTered~ In theae Tables.
©B DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per When Where Payable,
of
Par
For explanation of column lieadinKSt etc., see notes of
and by Storks— liSiBt
Outstanding
on first page of tables.
Road. Bonds Value.
Cent.
Payable
Whom.
Dividend.
RAILROADS.
Atchison System.— Allanlir <t Paeifle.—( Conehtded)
C
Central Div., Ist land liTunt mort., ciuuulat
Income bouas, nou-cuni. ($18,750 per uule)..c*
Atchison System Colorado Midland
0*
Ist mortgage, ($2.'),000 per mile) gold
c"
Consul. luortgaKe for $0,000,000, gold, guar
0*
Equipnieut bonils, s. f., drawn at 105, gold
Equip, bonds, B., dr'n at 105 after 1894, gold...o.
Busk Tunnel R'y Ist M., gold, guar., red. at 105.
Atchison System St. Louis tf San Francisco
1st preferred, 7 per cent, not cumulative
2d mort. (uow Ist), A, gold) (Pacific to Seneca,c'
> Mo., & branches, o'
Series B, gold
—
253
267
—
—
Bo»«f»— Prlno-
INTEREST
294
294
294
294 miles.
c'
Series C, gold
)
Mo.<feWe8t.RR.lstM.,g.,$5,00Oycarlydr.at 105.0*
82
103
Bt. L. <& San F. col. trust gold, sinK. f d. not drawn c*
Gen. M., g. (1st on 363 m.) 1^7,807,000 are 6s.c* 964
CoUat.Tr.M.onbr'ches ($20,000 p. ni.),gold..c"
55
Consolidated M. for $50,000,000, gold, gu.c*&r 1327
Equip. M., gold, $80,000 dr. anu'lly at 105.
Equip. Trust, gold, $23,000 due eacli A. & O.
Bt. L. Wieli. & West. Ist M., red. at 105, g., guar. c
145
Kan. C. c&S. W. l8tM.,g.,red. atllO, int. guar..c*
62
Bt. L. Kan. & 8. W. 1st M., g., guar., red. at 110.
70
Bt.L. Salem & Ark. lot M.,gold,guar.,red. at 105. c*
54
Kan. Midland Ist M.,g.,$15,000p.ni.,iut.guar ic 107
yt. S. & Van Bur. Bridge 1st M., g., dr. at lOo, guar,
.
.
1871 $500&0.
1882
1,000
1,823,000
1886
1890
1888
1890
1890
6,250,000
4,796.000
453,000
215,000
650,000
1876
1876
1876
1879
1880
1881
1887
1890
1880
1884
1879
1886
1886
1886
1887
1885
1,000
1,000
1,000
1,000
At Mat.
6
6
$796,629
J.
J.
4
g.
6
g.
7g.
100 See remarks See rem
100 &c.
500,000
500 &c.
2,766,500
6 g.
500 &c.
2,400,000
6g.
1,000
1,000
1,000
1,000
100 &c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
bonds owned and pledged under trust deeds, and all securities deposited
under tlie reorgauization. The 48 may be issued to an amount not
1,060,000
1,114,000
20,110,000 5
1,099,000
11,610,000
235,000
96,000
2,000,000
744,000
890,000
810,000
1,608,000
430,000
F.
!«• M.
6g.
6g.
& ?«•
7
g.
%«•
6g.
S»4 g.
6g.
J.
J.
Nov., 1901
& D.
June 1, 1922& D. N. Y., Central Trust Co. June 1, 1936& A.
do
do
Feb. 1, 1940& S. N. Y.Barlng,Mag'n & Co. Mch. 1, 189&
& J.
do
do
Jan. 1, 1900& J. N.Y.,ContlnentalTr.Co July 1, 1935
& A. N.Y.,Baring,Magoun&C Feb. 10, 189(^
& N.
do
do
Nov. 1, 1908& N.
do
do
Nov. 1, 1906
& N.
do
do
Nov. 1, 1906
& A.
do
do
Aug. 1, 1919
& A. N. Y., U. 8. Trust Co Aug. 1, 1920
A
.^.^.Barlng,Mago'n<tCo July 1, 1931
& O. N. Y., Union Trust. Oct. 1, 1987
& O. N.Y.Baring,Mago'n&Co Oct. 1, 199a
& D.
do
do
June 1, 1895
& O.
do
do
A.&0.5p.c.ea.
& S.
do
do
Sept. 1, 1919
do
& J.
do
Jan. 1, 1916.
& B.
do
do
Sept. 1, 191ft
& D.
do
do
Dec. 1, 193»
do
& D.
do
June 1, 1937
& O.
do
do
Apr. 1, 1910
.1.
Atcblrnon Sjatcni.— Atlantic
&.
Paolflo.— CA'ee Map
Atchison,
Topeka <t Santa ^cA— Owns Western division from Isleta, N. M., near
exceeding $150,000,000 on present property, to carry out the reorgani- Albuquerque, on Atchison, Topeka & Santa Fe, to Big Colorado River,
may
be
issued
at $20,000 per mUe 560 miles, with Gallup junction branch, 4 miles. Leases from Big Colozation plan, and additional amounts
for extensions or double track. The incomes are limited to $80,000,000, rado River to Mojave, Cal., 242 miles; Atlantic & Pacific Junction toare non-cimiulative, and may be redeemed at par on six montlis' notice. Albuquerque, N. M., 13 miles; branches to mines, quarries, etc., 16The claims of these bonds for payment of interest In any fiscal year miles; total operated, 835 miles. Owns also Central Division, Seneca,
ending June 30 depends on the "absolute discretion" of the board of Mo., to Sapulpa in the Indian Territory, 112 miles, operated by the St..
directors to decide what surplus earnings, if any, are applicable to such Louis & San Francisco Railway Co.
This road, eliartered by act of Congress July 27, 1866, forms aui
Interest.
Of the general mortgage 4 per cents, the authorized Issue on present Important link in the Atchison system. Its authorized stock is $100,000,mUcage 18 $150,000,000; of these there are reserved S17,6?6,000 for 000 (par, $100), of which $79,760,300 has been issued, $51, .503,800 of
treatment of old bonds and guaranteed notes not directly treated In the this being owned by the Atchison Topeka & Santa Fe and the St. Louis
reorganization plan, leaving a balance of $132,324,000 issued and to & San Francisco companies equally and deposited in trust for thirtybe Issued. The bonds outstanding not directly treated In reorganiza- years. The stock Is classed thus: Western Division, common stock,
$78,271,600; Missouri Division, preferred, $78,700; Central Division,
tion, and against wliich $17,676,000 of 4s are reserved, are as follows
Atchison guaranteed fund notes, $7,000,000; Chicago & St. Louis, preferred, $1,400,000.
The guaranteed trust bonds due in 1937 are guaranteed severally (but
1,500,000; St. Joseph St. Louis & Santa Fe first mortgage bonds,
f 8,000 the St. Joseph Terminal & Railroad Company (Atchison's halt), not Jointly) liy the Atchison and St. Louis & San Francisco, each com$175,000 Atlantic & Pacific guaranteed 4 per cent bonds (Atchison's pany guaranteeing one-half of each bond. They are redeemable at any
time at 105.
The 2d mortgage bonds had same guarantee as first
half), $8,802,000; Osage Carbon Co., $191,000; total $17,676,000.
Abstracts of all the principal prior mortgages of the Atchison Topeka mortgage; but the bonds have been retired from circulation l)y the
& Santa Fe Railroad Company were published in tlie Chronicle, V. 49, guarantors though the mortgage is kept alive and they draw the 6 per
cent interest on it. [Abstracts of aM the mortgages were published lap. 546-551, and of the new mortgages in V. 49, p. 857-861.
OiEKATioss, Finances, Ac— 'The company receives $30,000 a month the Chronicle, V. 49, pp. 302 to 304.]
In 1884 the Southern Pacific sold the 242 miles of road from Mojave to
from the Sonera Railway subsidy, payable in Mexican currency. Payments began In Angust, 1890, and will continue till $1,081,400 In all The Needles, on the Colorado River, to this company for $7,271,100,
has been paid. See v 52, p. 49. As to the condition of the Atchison in payable in Atlantic & Pacific first mortgage bondi>. Issued on said 242
April, 1892, see V. 54, p. 642.
miles to amount of $6,059,250, and $1,211,850 in cash. Until clear title
From July 1, 1891, to March 31, 1892 (9moutlis), gross earnings were to this piece of road is given, the Atlantic & Pacific takes possession and'
$27,140,687, against $25,210,097 in 1890-91; net, $8,316,310, against pays 6 per cent per annum on the $7,271,000. The same negotiation
88,95i»,()86 Including tlie St. Louis & San Francisco, net earnings were gave a right to run through trains to San Francisco over the Southern
$10,874,600, against $9,238,549.
and Central Pacific lines either on a mileage basis or at 3 per cent per
For tlic first six months of the new fiscal year results were as folli.ws annum on $40,000 per mile. See V. 39, p. 208; V. 40, p. 50.
- See editorial V. 54, p. 308.
The land grant claimed under the old Atlantic & Pacific charter of July,
1866, Is 25,600 acres per mile in Territories and 12,800 acres in States.
July 1 to December 31—
1890.
1891.
On
the Western Division the company has earned under its giant 20,$17,945,303 41
Gross earnings
$19,489,826 03
295,296 acres of land, 5,324,181 of which were sold to June 30. 1891,
$5,174,450 70
Net earnings
$6,517,780 93 leaving 14,971,114 acres undisposed of. A map of the land grant was
450,000 00
Not from coal, Investments, etc
450,000 00 published in the Chronicle, V. 36, p. 468.
In year ending June 30, 1891, gross earnings were $3,253,997.
Total net earnings
$5,624,450 70
$6,967,780 93 against $2,816,401 in 1889-90 net, $23,323, against $393,998 fixed
3,990,00000
3,990,000 00 charges, $1,817,053; deficit, $1,793,730, against deficit in 1889-90.
»s annual fixed charges
$1,307,360. (V. 50, p. 770 V. 51, p. 837; V. 53, p. 603, 753, 793.)
Bal.ince after fixed charges
$1,634,450 70
$2,977,780 93
$2,000,000 00
$2,000,000 00
>a annual income bond interest
Atchison System.— Colorado midland.— r5ee Jfo».>— OwnsFiscal year ends June 30. The annual report for 1890-91 was given from Colorado Springs to New Castle, Col., 234 miles; Aspen branch, IS
»t length In the Chhonicle, V. 53, p. 920, 923. See also article on p. 898
miles: Jerome Park branch, 15 miles; leases New C'astle to Rifie Creek,
OPERATIONS AND FISCAL BE8DLT8.
14 miles; Bio Grande Junction RR., Rifle Creek, Col., to Grand Junction,,
1888-89.
1889-90.
1890-91.
on the Rio Grande Western, 62 miles; other, 7 miles total, 350 miles.
Hlles operated June 30
7,112
7,110
In April, 1892, it was reported that an IS-mlle branch would be built
7,111
Earnings
to Cripple Creek.
Passenger
$7,199,994
$6,610,034
In Octooer, 1890, the Atchison Topeka & Santa Fe purchased the
$7,248,694
17,914,975
Freight
21,733,154
23,329,649 entire capital stock of the Colorado Midland. See V. 51, p. 608.
721,324
Mall
742,917
Stock, $8,000,000; par, $100. Abstract of first mortgage in V. 45, p.
871,550
~
Express
878,101
764,552
Central Trust Company of New York is trustee of both mort769,241 540
Miscellaneous
858,475
1,153,700
Abstract of consolidated mortgage of 1889 was In V. 51, p.
1,444,582
§72. The consols are guaranteed (by endorsement on the bonds) as
Total gross earnings..
$27,572,869 $31,004,357 $33,663,716 to both principal and interest by Atchison. Both Issues of equipment
Operating Expenses
bonds are redeemable by sinking funds at 105, and are to be paid at
Maintenance of road, &c.
$4,842,149
$5,074,672 maturity at same rate. The Busk Tunnel bonds are guaranteed princiMaintenance of equipm'nt.
2,670,736
3,399,204 pal and Interest by the Colorado Midland and are redeemable beforeTransportation and traffic. $20,800,478
12,334,867
14,482,151 maturity at 105. See V. 51, p. 142, 248.
General
1,072,634
F4-om July 1, 1891, to Mar. 31, 1892 (9 months), gross earnings were
1,087,142
$1,544,996, against $1,454,747 in 1890-91; net, $404,727, against
Total operating expenses. $20,800,478 $20,920,386 $24,043,169 $461,984. In year 1890-91 gross earnings on 319 miles were $1,968,$6,772,391 $10,083,971
Net earnings
$9,620,547 265; net, $581,367; fixed charges, $652,276; deficit, $70,908. In 1889-90
75-44
67-48
Per c. of oper. ex. to earns..
71-42 gross, $1,724,791; net, $558,943; sui-plus over charges, $2,943. (V. 51,
The Income account for 1889-90 was for nine months only, and there- p. 457. 493, 572, 608, 680; V. 52, p. 238; V. 53, p. 256.)
fore cannot be compared with the Income account for 1890-91.
Atcblson System.— St. Iiools
San Francisco.— ^5ee Map.)
INCOME ACCOUNT OF C0N80L. SY8TBM FOR YEAR 1890-91.
Owns St. Louis. Mo., to Seneca, 326 miles; Pierce City to Wichita,.
Net earnings
$9,620,547 Kan., 217 miles Monett, Mo., to Paris, Tex., 303 miles branches, 19'?
Add Income from Investments, &c
770,156 miles; total owned June 30, 1891, 1,043 miles. Leases 282 miles, and
half owns the Atlantic & Pacific Central Division, 112 miles Western
Total net Income
$10,390,702 Division, 835 miles; Wichita & Western, 125 miles; total (counting oneDeduct
half of mileage halt owned), 1,862 miles.
Interest on guaranteed fund notes
$420,000
Organization, &c.—This company was organized September 20 ,.
"
" 4 per cent generals
5,024,286 1876, as successor to the Atlantic & Pacific In Missouri. In May, 1890
5 per cent incomes (2 p. ct.)
1,587,791 the Atchison Topeka & Santa Fe Railroad Company assumed control.
"
" other bonds (including Atcli. share of A. &P.).
478,255 See Chronicle, V. 50, p. 734, 771.
Rental of track and rolling stock
614,979
Stocksasd Bonds.— The common stock is $35,500,000 preferred
Rental of Mojave Div., A. & P. RR. (one-half)
218,133
Taxes
1,240,018 (7 per cent non-cumulative), $10,000,000; IstprefeiTed (7 per cent
8t. Louis & San Fran. Ry. (under agreement of Oct., 1886)
260,302 non-cumulative), $4,500,000— par, all, $100. The common and preMiscellaneous
92,395 ferred stock are controlled by Atchison and a large amount of the first
preferred has also been acquired.
With the Atchison this company guarantees severally, not jointly,
Total deductions.
$9,936,149
one-half the first and second mortgage bonds of the Atlantic & Pacific,
Balance, surplus
$454,553 of whose securities itewns $27,931,450 stock, $777,000 Central Divl-—(V. 52. p. 40, 547, 570, 863; V. 53, p. 21, 107, 125, 137, 474, 639, sion incomes, $331,500 Western Division incomes and $1,130,000 sec898, 920, 921 , 923 V. 54, p. 158, 202, 242, 287, 525, 642.)
oud mortgage bonds.
;
;
•
.
;
;
;
;
;
—
—
.
•
&
;
;
;
—
'
;
;
r
Mat,
RAILROAD STOCKS AND BONDS.
1803.1
II
SnbMrlbers will confer • great faror hj clTlns Immediate notice of any error dlaeovered In UieM TaMea.
lunula — fnnc^
RAILEOADB.
INTEK£8T OB DIVIDBND8.
Miles Date Size, or
»„„.,„»
pal,WlM)a Due.
Amount
nt
Pap
For explanation of column beodlngn, &e., see noten of
When
Rate
per
Where
Parable
cMd
by
Outstanding
I
on Urat page of
Road. Bond.' Value.
tables.
^({<»Ua<CCAar<o»«— Stock (5-6 p. c. rent. Rich.* D.) 269
Preferred mortgage, redeemable at 100
c* 265 Is
r 265 >9
iBt moitgiige
Income boiuls (not cumulative), guaranteed
AtlatUa it Florida— l»i mort. (fS.OOO p. m.) gold..o* ids
Atlanta dl )r««/ yvn/U— Ucbouturo certificates
"83
Atlantic City—\nl mortgage, gold
c*
Atlantic a Dunville—lai mort. gold, .'^16,000 p. m.c*
299
Atlantic <t SI. /ydmrciio*— Stock, t>» rental Grand Tr'k
151
Augvmta it Savannah— Btock 7% rcutiil Ontnil Oa..
53
Austin it Nurthucslern— Ist mort. for $12.'5,0O0
76
Bald Eagle FuWcy— iHt mort. (». f., drawn at 100)..
90
Baltimore Bell— lat mortgage, gold, interest guar.e*
8
BalUd- Eastern SAore— Consul, mortgage, gold, 0**r
87
Battimore <« /,e/iij/A.— York & Peach B. l8t& 2d Ms.
40
Maryland Central Ist M., Int. 4 p. c. tilljan., 1899
44
General mortgage for !ii7,000,000
44
Baltimore it Ohio Htock (see remarks)
Ist and 2d pref stock, cum., $a,()00,000 Is 1st pref
Ix>an due in 18B0. extended, payable at will
379
Ix>an, 1853, extended in 1883, gold
379
Loan, 1870. sink, fund £16,000 yearly, notdrawn 379
Mortgage 1872, sink, fund Ji 12, 000 semi-annually 421
Mortgage 1874, sink, fund £9,000 aeml-annually. 421
Bond to City Baltimore (payable $10,000 yearly). 379
Consolldatedmortgage (for $29,000,000) gold.o* 611
—
—
.
Cent.
$100
1877
1877
1880
1889
1881
1889
1887
1,000
1,000
500
1,000
1,000
1,000
1,000
100
100
1889
1,000
1880
1,000
1890
1,000
1890
1,000
1882 50,&o.
1889 500 4cc.
1,000
1889
100
100
1853 500 &c.
1853 500 &c.
£200
1870
£100
1872
£200
1874
1875
1887
I'.odo
Dividends on first preferred stock— From 1881 to 1889, inoluglTe, 7
per cent per annum; in 1890, February 2 per cent; since, nil.
In June, 1891, the company made Its new consolidated mortgage for
$50,000,000 of 4 per cent gold bonds, covering all its property, equipment and lauds, subject only to $36,077,500 direct mortgage bonds of
the company on its own and leased lines. Sullicieut consols are reserved to retire these prior liens at maturity and $13,932,500 are available for the following purposes: (1) For retirement of $2,800,000
Atlantic & racitlo Railroad Company's 2d mortgage 6n, guaranteed
both principal and interest by the St. Louis & San Francisco Railroad
Company. (2) To provide for completiug the road and placing the
property in sound financial and physical condition. (3) To retire at
car, as stated above, $4,500,000 of ist preferred stock. The consolidated bonds are guaranteed, principal and interest, by the Atchison
Company, and are so stamped. A lull abstract of consolidated mort-
91,700,000
8
500,000
7
4.250,000
7
750,000
6
840,000
1,232,200
2,200,000
4,792,000
5,484,000 6 per an.
1,032,200
3's
104,000
6
360,000
6
6,000,000
5g.
1,4.50,000
250,000
850,000
900,000
25,000.000
5,000,000
579,500
1,709..'>00
3,4.54,792
9,301,512
9,834,504
360,000
10,100,000
Payable
M.
A.
J.
A.
M.
J.
A
A
*
A
A
dc
A.
.b
M.
Dlridend.
N.Y.Cent.Tr.Co.AtWall Mch. S. 189e
do
do
Aiwll 1. 1807
do
J.
do
Jan. 1. 1907
O.
do
do
April 1, 1900
N.
K.Y. A. DutenUofer.
>'n.v. 1. ItfSS
Atlanta, Oa.
Co'* oniiaa.
J.
M. Phlla.. 227 Soutb 4th St. May 1. 1919
O. Oct., '00. coni>.laitt paid. Oe^. 1. 1917
March, 1892
B. I»ii(lon and I'orthtnd.
D. Savannah. Co.'s Otllce,
June, 1892
J. N. v., Atlantic Tr. Co. Juu. ). 1899
8.
O.
A
A
J. A.
J. A
P. A A.
M. dc N.
J. & J.
Various
4-5
J. A J.
5 g. M. A N.
see rem.
6 per an. J. A J.
4
J. A J.
A. A O.
M. A 8.
!«• M. A 8.
M. ^b N.
J. A J.
5«. F. & A.
M.
wnoin.
Phlla., K. Ins.Tr.iS.Dcp.
Ur(>s.<ScBalt
N.Y.,nrown
1902
1990
1932
do
Cent
1,
1.
Nov.
Jan.
Baltimore.
Bait. Office,
Jan.
July. 1920
In default.
York, Pa.
1,
1919
1939
Bldg.
M<ty 17, 1892
Jan. 1, 180B
do
do
do
do
AtwiU.
do
do
Oct. 1, 193S
Lond'n.Baring BrosACo Mch. 1, 1861
do
do
Mch. 1. 1903
London,J.8. Morgan ACo Btoy, 1910
Baltimore. Oni<%.
July. '92-1900
N. Y., Union Trust Co. Feb. 1, 1988
&
Atlantic
Danville,—Completed February, 1 890, Portsmouth'
near Norfolk, to Danville, Va., with branches, 245 miles, and Chiremonjt
to Beltleld (3 feet gauge) 54 miles; total, 299 miles. In January,
1891, receivers were appointed. Receiver Is now Alfn^d P. Thorn.
See. V. 52. p. 80. In March. 1891, $250,0(M) receiver's certiiicates
were authorized. Trustee of mortgage. Mercantile Trust Co. Stock
authorized, .$20,000 per mile; outirtanding. $4,311,390; par, $100.
From January 1 to July 31, 1890 (7 months) gross earnings were
281,458, against $195,314 in 1889; net, $91,860, against .$87,981.
S ross earnings In 1888, $204,064; net, $96,847. In 1889, gross, $383,356 net, $173,431. (V. 50, p. 70, 243 V. 52, p. 80, 462.)
;
;
Sc St.
tawrcnce.—Owns
;
;
from Portland. Me., to Island
Pond, Vt. (and branch), 151 miles, there connectini; with Grand Tnmk
of Canada, to which leased for 999 years, August 5, 1853, at a rental
equal to bond interest and 6 per cent on stock. The funded debt congage was in V. 54, p. 244.)
The Fort Smith <t Van Buren Bridge bonds are guaranteed. They have sists of 1st, 2d and 3d mortgage bonds, in all $3,000,000, which the
Grand Trunk holds and has pledged for its debenture stock. The stock
a, ginklu g fund of 5 per cent yearly to draw them at 105; they are all redeemable at 110 at company's option. The land department assets of $5,484,000 is mostly £, with dividends ]>ayable In Limdon.
In 1890-91 gross earnings were $1,141,618; net. $243,658; deHcit
were estimated June 30, 1891, at $4uy,048.
Operations Finances, 4c.— From July 1, 1891, to Mar. 31, 1892 under Interest, Ac, $291,661, against $261,041 in 1889-90.
(9 months), gross earnings were $6,757,239, against $6,403,128 in
Attica
Freedom.-Owns from Attica. N. Y., to Cuba. N. Y., 60
1890-91; net, .$2,558,290, against $2,278,8.')9.
miles (3 ft. gauge), of which only 30 miles, Attica to Sandusky. Is operFiscal year ends Juno 30. Report for 1890-91 was in V. 53, p. 920, ated. Formerly the Tonawauda Valley & Cuba Railroad, sold In fore933 and the tollowlng is for the St. L. A S. F. proper.
closure in 1891. Gross earnings in 1890-91, $13,555; deficit, $2,759.
- (V. 48, p. 562 V. 52, p. 165 V. 53, p. 187.
tNCOHE ACCOUNT.
Augusta
Savannah.—Owns from Millen to Augusta, Ga., 53
1889-90.
1890-91.
miles. Leased in perpetuity to Central of Georgia for $73,000 per
Gross earnings
$6,748,508 annum. Has no bonded debt.
$6,394,069
Operating expenses
3,479,381
3,840,859
Austin
Northwestern.—Owns from Austin to Marble Falls,
Net earnings
$2,907,650 Texas, 76 miles (3-foot gauge.) Extension to Llano in progress,
$2,914,688
and
widening
the gauge proposed.
In 1892 control was ac100,933
72,926
Other Income
quired by parties interested in the Houston A exas Central. Road
opened
In
foreclosed
In
1882;
comp.any
reorganized in April,
1885;
Total
$2,980,576
$3,015,621
1888. Stock authorized, $7.50,000; outstiinding, $724,000; par, $
Jlxed charges (including $190,000 for diviThe
land
was
grant
600,000
acres.
In
year
ending
Juno 30, 1890,
dends in 1889-90 and $344,780 for
3,079,920 gross earnings were $100,767; net. $37,071; Interest, $7,300 taxes,
equipment and improvements in 1890-91). 2,762,006
$2,511; other payments, $6,725; balance, surjilns, $20,335. Charles
sur.$253,615
def. $99,344 Dillingham, President.
3alanoe
Bald Baijle Valley.—Owns from Vail Station, Pa., to Lockhaven
-(V. 52, p. 204, 351, 499, 547, 570, 643, 681, 718, 796, 862, 863, 899;
Pa., 51 miles; branch to Belletonte, Pa., 3 miles; NIttany branch, 10
V. 53, p. 641, 930. 9S3 V. 54, p. 244, 276.)
miles; Snowshoe to Sugar Camp, 26 miles; total opt>rated, 90 miles.
Atlanta dc Charlotte Air I,lne.—Owns from Charlotte, N. C, to Leased to Pennsylvania RR. Co. for 99 years from December 7, 1864.
Atlanta, Ga., 269 miles. The Richmond & Atlanta Air-Line was sold Rental, 40 per cent of gross earnings.
Rental, In 1891, $234,866;
ander foreclosure December 5, 1876, and the existing corporation was rental, etc., in 1890, $2G3,007; surplus over llxed charges. $226,816.
.formed February 27, 1877. On March 26, 1881, the road was leased to out of which paid dividends (10 percent) $140,023. Stock Is $1,406,250
the Riclimond A Danville for 99 years, ut a rental of $466,.')00 per year, (par $50), of which Pennsylvania RR. owns $"706,250.
Dividends
equal to the interest on debt and 5 per cent on stock; it gross earnings are paid February and August at Treasurer's oUlce. (V. 49, p. 82.)
of Atlanta & Charlotte Air-Line exceeil $1,500,000, dividends to be 6
Baltimore
&. Eastern Shore.—Owns Claiborne to Ocean City,
.per cent and if they exceed $2,30O,0OO, 7 per cent. Due Richmond A
Danville for betterments, as per that company's balance sheet on June Md., 89 miles, and Bay Ridge to Annapolis, 5 miles; ferry, 12 miles.
Completed early in 1891, aiid in April. 1891, Capt. Wlllard Thomson
30, 1890, $1,220,170.
Dividends have been— From 1881 to 1889, inclusive, 5 per centyearly; was appointed receiver. (See V. 51, p. 718.) Stock authorized, $1,000,In 1890, ,'>i2 per cent; in 1891, 6 per cent; In 1892, March, 3 per cent 000; par $30. In April, 1892, the Maryland Legislature passed an
(semi-annual). See V. 51, p. 20. From Jan. 1 to Feb. 29, 1892, (2 act authorizing the city of Baltimore to acquire a lontrolliug Interest
months), gross earnings were $131,822, against $153,767 in 1891. In in the stock of this c(mip.iny by guaranteeing both iihncijial and in
1890 gross earnings were $1,687,335, against $1,516,416 in 1889. (V. terest of its 3I3 per cent first mortgage bonds lor .$900,000. If the
bondholders
assent
bonds
will
be
it is said that Ihe jire<ent .$1,4.30,000
51, p. 20.)
exchanged for the new 'J'n per cents and the dltrcrence given in second
Atlanta A Florida.— Owns from Atlanta southerly to Fort Valley, mortgage bonds at par. The City Council ailjourned until Beiitember
Ga., on Central Georgia Railroad, 105 miles; extension to tidewater pro- without taking any action in the matter. (V. 51. p. 'JO; V. 52. p. (}41.)
jected. This is the Atlanta A Hawkinsville, Incorporated in 1886; name
Baltimore Belt.—Owns ro.td under construction In the city of
changed in 1887. Constructed by Georgia Improvement Company, Baltimore, forming by tunnel and open-cut a connecting link between
which received $10,000 stock per mile. Early in 1892 receivers were the main line of the Baltimore A Ohio and the Philadelphia branch.
appointed.. V. 54, p. 287. Sole receiver Is now R. H. Plant. Trustee of Its total length with l>raiiches will be about 7 miles. I.eai.e<l for
first mortgage tor $1,200,000 is Central Trust Company.
Stock out 999 years to the Baltiniure A Ohio RR. Co., which cimtrols its entire
standing, $1,115,000; par, $25. Car trusts August, 1890, $64,000. common stock and guarantees by endorsement the unconditional payFrom January 1 to June 30, 1891 (6 months), gross earnings on 105 ment of the Interest on its bonds. See full abstract of mortgaite In
miles were $-l8,35(i, against $49,213 in 1«90. In 1890 gross earnings Chroniclk, V. 52,
(V. 51, p. 405,
p 205, and cmitract. V. 51, p. 344.
were $128,842; net, $7,550.— (V 54,287.)
718, 829; V. 52, p. 203. 205 V. 54, p. 287.)
Atlanta A. Weot Point.—Owns from Atlanta, Ga., to West Point,
Baltimore
Cumberland.—Chartered in 1892 to build from
Ga., 86'a miles. In April, 1881, a coutrolliug interest in this company CuBilierland, Md., via Magii>town, to Baltimore.
Stock authorize*!,
was acquired by the (Central tieorgia through purchase of $1 88,500 atoik $1(1,000,000. Organized lu the Interest ol the West Vrrgliiia Central A
the
lease
of
the
Georgia
Railroad,
stock
Piltsbuig.
and
under which lease $440,900
II. G. Davis, President.
-^nd the same amount of debt certiiicates are held. Any mortgage
Baltimore &. Lehlsh.— Owns from Baltimore. Md.,to York. Pa.
Issued mnst be subordinate In lien to the dividend certiiicates. Stock, 79 miles, and branch to Peach Bottom, 5 miles; totnl, 3 foot gauge,
$1,232,200; par, $100.
84 miles, lu May, 1891, the Marvlaud Central and the York A Heaoh
Dividends paid in 1889, 18,and 1891, 6; in 1892, Jan., 3 p. c. In Bottom railroads were consolidaled umlei- this title. The Maryland
year ending Jiuie 30, 1889, gross earnings were .$424,517 net, $139.- Central bonds bear 4 p. c. Interest till 1899; t'len-jirter 5 per cent. The
044; in 188y-'90, gross, $473.441 net, $168,363; interest naid, $73,932; stock of tlie consolidated companv Is $:t,373,tK)<i; par. $100. In 1890
•dividends paid (6per cent), $73,932. In 1890-91 gross, $483,333.
gross earnings were .$231,154; net, $54,280, against $.34,320 In 1880;
Atlantic City.—Camden to AtlanticC^ty, 54 miles; with branches, &o° surplus over charges in 1889, $21,617. President, William Gilmore.
(V. 53, p. 58.)
of 29 miles. Consolidation in 1889 of the PUilailelphia ik Atlantic City
Baltimore A Ohio.—CSe<3fa/)>.—Operates from Baltimore to PhilaKB. and other lines. Stock authorized and Issued, $1,200,000 common
and $1,000,000 preferred. Controlled by Philadelphia ii Reading RR. delphia and Baltimore to Chicago, and has, via the Baltimore A Ohio
Trustee of mortgage. Guarantee Trust Jt bate Deposit Co. of Philadelphia. Southwestern, a <ilrectrout<- to Cincinnati, 393 miles, tlie total mileage
Floating debt January 1, 1801, $648,2(»o. In year ending November leased, owned and oiierated (^cxcludim: tlie Baltimore A Ohio South-30, 1890, gross earnings were $734,592; net over operating expenses western) being 1,950 miles, ot which 645 miles are west and 1,305
miles east ot the Ohio Biver,
.and taxes, $64,211. (V. 52, p. 824.)
Atlantic
&
&
&
;
;
;
;
A
.
;
;
—
.
:
INVESTORS' SUPPLEMENT.
14
Sabseriber*
ivlii
confer a Kreat favor by elTlns Immediate notice of any error discovered In tbese Tables.
Bonds—Pnn<A.
INTEREST OR DIVIDENDS.
RArLROADS.
MUes Date
Tor explanation ot column headings,
on first page of tables.
Baltimore A Ohio
Ix)an,
1877
—
(s. (.
&o., see notes
f Concluded.)
263
dr-n at 100)(B.&O.<&Cli.bde.c0l'l)c
.
I
Potomac— \%t1i.
p.e.,notdrn.c*
lia
Ist M., road,guar., gold, s. f. 1 p. c., not drawn, .c*
Consolidated mortgage for $10,000,000, gold..c*
Such (7rc«A-— Stock (guaranteed 4 per cent)
oAr
iBt mortgage, gold, guar, by N. Y. Central
Cartrusfe, guar. p. &i
90
92
132
132
(t
(tun.) g.,
8.
f .1
Size,
or
of
Par
of
Boad. Bonds Value.
H. W. Vlrglniii KB. Ist M. (cxt. In 1888) aSBUm.c > 10i|
B. * O. loan 1879 (Parkcrsl)'g Br. bonds collat.) J
Mort.on I'liila.Br.. with Bait. &Phila.bd8.a8Col.. 108
12
H'a8hC.&P.L.(Alex.Br.) letM.g.s.f.$36,000p.an.
149
Pittsburg A Connellsville Ist mortgage
149
Consol. niort., gold, guar. (8. t. £7,200 per jr.).
149
B. & O. loan, 1885,g. (Pitts. & Conn. bds. as col.)..
Car trustloan, gold ($250,000 pd.yearlyJan.l).o
paid
yearly
April
1)
Equipment trust ($100,000
Equip, trust, Ser.B.,$200,000 due y'rly Nov. l.c*
10
_ m ( Schuyl. R. East Side RR. 1st M., g. (guar.)
«? Monongaliela River RR., IstM., g, gu...c* 32
guar.
let M., gold,
.c&r
5
§3 ^ Bait. & N. Y. RR.,Jimctlon
letm., gold..c*
73
?« Akron & Cliicago
"P3 lBalt.Belt.lstM.for$6,000,000,g.,int.gu.o*
8
5
Xaltimm-e <* Ohio Southwestern— Cm. & Bait. 1st M.
281
Ist mortgage (guaranteed by Bait. & O.) gold, .o*
281
let pref. income mortgage, not cumulative, g..c*
2d pref. income mortgage, not cumulative, g..c* 281
Sd pref. income mortgage, not cumulative, g..c* 281
tall.
.
1877
1855
1879
1883
1873
1868
1876
1885
1887
1889
1890
1886
1889
1889
1890
1890
1869
1889
1889
1889
1889
1871
1871
1889
£200
$1,000
1,000
£200
1,000
$1,000
£200
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
50
1886
1,000
'87-90
Obganization, Leases, &c.—The corporation was chartered in Mary
land February 28, 1827, and in Virginia March 8, 1827. First section
opened May 24, 1830. The Baltimore & Ohio Telegraph Company's stock
owned by the Baltimore & Ohio Railroad Company was sold out to
Western Union for $5,000,000 Western Union stock at par and a rental
of $60,000 per year for fifty years.
In 1890 a syndicate purchased $2,955,000 common stock (Including
that held by the City of Baltimore) and this stock, together with that
held by the Garrett Interest ($8,975,000 in aU) has been deposited intrust with the Farmers' Loan & Trust Co., and will be voted on until
July 1, 1893, by Mr. C. F. Mayer. President of the Baltimore & Ohio,
ana his two nominees. See V. p. 54, p. 369. A contract or lease made
•with the Chic. & N. Pac. in Dec, 1891, gives use of ample terminals In
Chicago. The terms of lease not definitely known, but reported as 1%
per cent on $26,000,000 of bonds.
On Nov. 16, 1891, the stockholders 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 of Pittsburg &
Western BR. stock, leaving about $5,000,000 applicable to Improvements (V. 53, p. 712, 753), wUch was sold to a syndicate in January,
1892. For contract with Akron & Chicago Junction and Baltimore
Bdt roads see V. 51, p. 344.
,
Btockb and Bonds.— The total common stock authorized Is $25,000,000. The common stock was listed on the 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.
This is the "trust stock" dealt in on the Stock Exchange. See form of
trust certificates In V. 54, p. 369.
dividends only.
Preferred stock carries 6 per cent
common stock— In
m
1877, 8 per cent
1878, 8 in stock;
In 1879, 4 stock and 4 cash In 1880, 9 in 1881 to 1885. inclusive, 10;
in 1886, 8 ; in 1887, 4 then none tUl 1891, when 20 per cent In stock
was declared, payable Dec. 31 ; in 1892 resimied cash dividends, paying 1^4 per cent in May for the quarter ended Dec. 31, 1891. It is said
dividends will hereafter be semi-annual in May and November. (See
explanation, V. 54, p. 683.)
Price of common stock (in Baltimore till March, 1892, then In New
York)—In 1883, 192i2®205 ; in 1884, 167®199; in 1885, 16613®
185; In 1886, 150»191; In 1887, 104®180; In 1888, 80®106i2; in
1889, SlailOlH; in 1890 92i2®107>s; in 1891, 84'7g®104;in 1892 to
Dividends on
[Vol. LIV.
;
;
;
;
84®101i4.
In addition to the bonds given in the table above as outstanding the
held
Sept. 30, 1891, consols of 1887 to the amount of
sinking funds
83,726,000 (Interest on which Is paid in consols themselves) and other
interest-bearing
bonds to the amount of $5,174,208.
iSrst^class
The consolidated mort. of 1887 (trustee. Mercantile Trust & Dep. Co.)
Baltimore
to Wheeling, and branches, 444 miles,
covers the main line,
the two Oldo River bridges, stock of the Washington branch for $1,028,000, and tlie entire issue of first mort. bonds (.$5,000,000) on the road
May 20 inclusive,
OiflSalSfnff Kate per When Where Payable, and by
outstanding
^eni Payable
Whom.
$7,078,984
140,000
3,000,000
11,616,000
540,000
4,000,000
6,567,880
10,000,000
1,000,000
700,000
1,800,000
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
3,000,000
3,000,000
5,000,000 4
5,000,000
445,500
—
Dividend.
& D. Ix>ndon,J.S.Morgan<SECo June 1, 1927
& J. Baltimore. B. & O. BR. Mch. 1, 1902
& O. N.Y.,D.M.&Co.&Balt. Apr. 1, 1919
& O. London, Brown, 8. & Co. Apr. 1, 1933
4'a g.
Baltimore, Offloe.
June 1, 1918
««• J. & D.
J. & J. Baltimore, B. & O. RR.
July, 189S
& J. Lond'n.J.S.Morgan&Co. Jan. 1, 1928
F.
&
A.
N.
Y.,
Union
Trust
Co.
Feb.
if:
1, 1928
4»2 g.
& J. Balt'me, Merc. Trust Co. 10 p. 0. yearly.
5
A. & O. Phila., Fin'ce Co. of Pa. 1893 to 1899
5
M. & N.
do
Nv.l,' 92-1900
do
J. & D.
PhUa., Solicitors' Co.
Dec. 1, 1935
P. & A.
New York.
Feb. 1, 1919
5g. M. & N.
do
May 1, 1939
M. & N. N. Y., Merc. Trust Co. Nov. 1, 1930
!«• M. & N. N.Y.,Brown Bros.&Bait Nov. 1, 1990
J. A J. N. Y., Farmers' L. & Tr. Jan. 1, 1900
412 g. J. & J.
do
do
Jan. 1, 1990
6
Oct. 1 In 1892 paid 5 percent. Jan.
Nov. 1 In 1892 paid 1 per cent. Jan.
5g.
Dec. 1
J.
&.
J.
&
&
J.
<k
^«- A.
N. Y.
—When earned.
Jan.
J. Bait. Office andLondon.
O. Bait. Office, Calvert St.
3.
per an.
J.
July
Apr.
do
do
July
N.Y., Gr'nd Cent. Depot Apr.
do
do
July
Various N. Y., Knickerb'r Trust.
1,
1,
1,
1,
1,
1,
1,
1,
1990
1990
1990
19H
1911
1920
1892
1936
Yearly.
INCOME ACCOUNT.
1888-89.
1889-90.
1890-91.
21,303,001
14,810,844
24,412,096
16,966,870
24,530,395
17,078,233
6,492,158
1,265,861
7.445,226
1,509,837
7,452,162
1,259,877
Total net income
7,758,018
Deduct—
357,651
Net earnings Washington Branch.
Fixed charges
6,208,562
pref.
st'k
300,000
Divs. on Ist & 2d
(6 p. 0.)
8,955,063
8,712,039
376,172
6,417,599
300,000
190,767
6,429,098
300,000
6,866,213
891,805
7,093,771
1,861,292
481,058
6,919,865
1,792,174
$
OroBS earnings
Operating expenses
Net earnings
Add Income from other sources.
. .
Total
Surplns
Deduct payments to
retire bonds. .
Leaving a balance of
Main Stem, Ac
Washington Branch
Paikersliurg Branch....
Central Ohio Division...
Lake Erie Division
Chicago Division
Pittsburg Division
Wheeling & Pitts. Div..
Philadelphia Division...
New'k Somerset A
Col.
A Cincin.
St'le.
Midland.
Akron Division
372,487
Gross.
Net.
$
$
24,412,096
Total
755, 793; V.
Gross.
Net.
11,950,505 4,143,708 12,031,582 4,613,672
502,594
376,172
726,419
190,767
773,191
157,780
793,295
160,634
1,408,214
309,809
1,365,564
187,542
1,211,170
271,397
1,106,818
255,359
2,603,445
385,258
2,556,814
383,721
3,069,055 1,123,626
2,880,391
981,79»
755,790
125,287
653,012
54,212
1,696,841
450,234
556,457
1,899,638
178.584
16,124
145,026
2,11»
262,708
85,831
344,458
69,200
27,376 det. 3,315
7,445,226
— (V. 52, p. 238, 462, 796,
753,
471,558
519,318
1,380,234
1,320,61*
^Earnings, 1889-90.^ ^Earnings, 1890-91.-,
24,530,395
7,452,162
831; V. 53, p. 58. 223, 568, 603, 712,
54, p. 158, 366, 368, 643, 683, 721.)
7S2»
Baltimore dc Ohio Soatl\we»tera—(SeeMapofSaltiTnore<f Ohio),
—Cincinnati, O., to Belpre, O., 193 miles branches—Marietta to Belpre,
11 miles; Portsmouth to Hamden, 55 miles; Blanchester to HUlsboro,
22 miles total, 281 miles. Connecting Une for the Bait. A Ohio to Cin;
;
cinnati, eto.
The Cincinnati Washington & Baltimore was sold in foreclosure Sept.
19, 1889, and reorganized under present title by plan in V. 49, p. 82.
"The new first mortgage bonds carry the endorsed guarantee of Baltimore Ohio as to both principal and interest. The Farmers' Loan
Trust Company is mortgage trustee. See abstracts of the llrat mortgage
and of the income mortgages in V. 51, p. 245, 246. Interest has been
paid on the income bonds as follows. On first incomes: In 1891, March
(out of earnings of 1890), 4 per cent; in 1892, 5 per cent. On second
incomes: In 1892, 1 per cent. Stock is— Common. $2,500,000, all held
Ohio preferred, $2,500,000 ; par, $100.
by Baltimore
From Jan. 1, 1892, to March 31, 1892 (3 months), gross eamtugs wera
$664,175, against $541,103 in 1891; net, $216,743, against $183,357.
A
A
bet\veen Pittsburg and Wheeling. The balance of consols unissued is reserved to retire the prior bonds not held by the sinking funds. Abe tract
of mortgage was in V. 46, p. 804. The loan of 1 877 is secured by de posit
of the entire Btock and bonds of the Chicago Division. The loan of
1879 is secured by deposit of mortgage for $3,000,000 on the ParkersA
burg branch, this mortgage being subject only to $140,000 North Western Virginia bonds assumed by Baltimore & Ohio. The loan of 1883 is
secured by first mortgage on the Philadelphia Branch and pledge of all
Fiscal yeai' ends June 30— earnings have been as follows
first mortgage bonds of the Baltimore & Philadelpliia RR. (Maryland
1889-90.
1890-91.
State line to Philadelphia), amounting to £1,000,000. The loan of
$
$
1885 is secured by $10,000,000 2d consols of Pittsburg & OonneUsville
earnings
2,296,016
Gross
2,326,671
BR. See Pittsburg & Connellsville.
1,498,341
1,516,861
The bonds of the Schuylldll River East Side RR. are guaranteed by Operating expenses
Baltimore & Ohio (the Pennsylvania Company for Insurance on Lives,
Netearnlngs
797,675
809,810
Ac., being mortgage trustee). So too are tlie Monongahela River 5s,
other Income)
799,925
813,492
which cover road from Clarksburg to Fainnoimt, W. Va., and the Balti- Total net (including
503,325
more & New York 58, covering 5 miles of road from west end of the Interest on bonds
55,165
58,264
Arthur Kill bridge of the Staten Island Rapid Transit RR. to a Junction Taxes and other changes
with the Central of New Jersey RR. near Roselle, N. J.
Balance over fixed charges
251,903The Akron <fe Chicago Junction 5 per cent bonds cover road completed
In July, 1891, from Alnon to Chicago Junction, 73 miles. They are
For the calendar year 1891 gross earnings were $2,500,594; net earnguaranteed as to interest by the rental from Baltimore & Oliio, as also ings, $934,93 1 income from other sources, $3,538. After paying fixed
Wie Baltimore Belt bonds on line buUding through the City of Baltimore. cliarges, taxes, Ac, there was a balance of $379,144, out of which 5
See V. 51. p. 344, 405, 829.
per cent intorest on the first income bonds and 1 iier cent on the second
The other bonds guaranteed are $11,000,000 Baltimore & Ohio South income bonds was paid on March 15.— (V. 51, p. 245 ; V. 52, p. 320 ; V..
Western first mortgage 4»2 per cents $2,500,000 Staten Island Rapid 53, p. 793; V. 54, p. 287, 485.)
Transit 2d mort. 58 $326,000 Valley of Va. Ist mort. bonds (held in
OwnslromBaltimore,Md.,toSouthEnd;
Baltimore
sinking timd); $147,250 Winchester & Potomac first mortgage 68,
Long Bridge, Va., 43 miles; and from Bowie to Pope's Oeek, 49 milesL
and $2,240,000 of the Columbus & Cincinnati Midland; also guarantees total,
includlug
tunnel
in City of Baltimore; leases branch 4
miles—
92
Interest on $2,400,000 Pittsburg Cleveland & Toledo first mortgage
miles; total operated il6 miles. Controlled by the Pennsylvania RR. Co.^
bonds and $4,000,000 5s West Virginia & Pittsburg RR., which see.
and first mortgage bonds guaranteed by Pennsylvania and Northern CenOperations, FtsANCES, &c.—After having paid dividends for many tral. Stock, $4,914,250 (par $50), of which Pennsylvania RR. owns.
Sears the company passed the November, 1887, and subsequent dlvi- $4,081,100 .ind Northern Central $622,850. The outstanding consols
endsou c(muuoii stock until November. 1891, when 20 percent in for $3,000,000 are held by Pennsylvania RR. Co. Sufficient consols are
Btock was declared, and this was followed in May, 1892, by a quarterly reserved to retire aU the prior bonds as they mature.
From January 1 to March 31, 1892 (3 months), gross earnings weredividend of 1 14 In cash.
From October 1, 1891, to April 30, 1892, (7 months), gross earnings $408,173, against $394,390 in 1891 net $54,742, against .$98,910.
In year 1891 gross earnings were $1,808,245; net (including $16,526
Of all lines oast and west of Ohio River were $14,710,629, against
of "other income";, $475,410; interest on bonds, $420,000; other
$l:i,li51,249 in 1890 91: net. $3,848,394, against .$3,969,431.
Fiscal year now ends June 30. Annual report for year ending Sept. charges, $35,552 ; balance, $19,857. In 1890 gross, $1,708,368; uet^
see
Chronicle,
752,
755;
also
V. 53, p.
p. 730.
$162,848 other income, $1,555.
30, 1891, was in
;
;
;
& Potomac—
;
•
pal,When Due.
Stocks Last
;
;
Mat,
1893.J
MISCELLANEOUS STOCKS AND BONDS.
Iff
:
4
'
INVESTOKS' SUPPLEMENT
16
[Vol. LIV.
Sabscrtbers will confer a great favor by glTlns Immediate notice of any error discovered In tbesc Tables.
EAILROADS.
For explanation of column lieadings,
on first page of tables.
&c., see notes
Miles
Date
of
of
BellaireZatieimlteit Chi.—TriorlienmoTt.,redatl05
—
<*
Uulland— 1st mortgage
— 8tock (7 p. c. perpct. rental
Berkshire
Housatonic)
O.— Gen.lst M.s.f.rod.at llO.g.c*
Birmingham Sheffield Tenn. Riter—lst mortgage
Billings
C.F.dt-
(Tkc
it:
Mbanu—Stock (.$30,000,000 authorized)..
o&r
of 1875 not mortgage
(not mort.) issued to Htate for its stock.
Pittstlcld & Nortli Adams (leased) atooli
Boston t£ Loweil Stock..
Boston
it
Bonds
Bonds
—
Bonds, not mortgage..
Bonds
do
Bonds
do
Bonds
do
Bonds
do
Bonds
do (gold).o*
Liowell
Balem
Kasli.
Do
&.
& Maine gives
a rental guarantee
for 99 yean.
Boston
^
1885-9
1892
1,000
Law. bonds..
1873
1880
do
—
Boston <* Maine Stock, common
Preferred stock, 6 per cent, not cumulative
Plain bonds, not mortgage
Imp'nt bonds ($1,000,000 due Feb., 1905) s.
100
100
1873-4 500 &e,
1885-7 1,000
1887
1,000
o&r
f
do
Eastern ER. certs.of indebt.lst M.,g.,8.f.,not dm.c
Portemouth Great Falls & Conway Ist mort
c
119
73
1876 $&£
1877 500 &c,
Beecli Creek.— Jersey Shore, Pa., to Gazzam, 104 mUes; branches,
to Philipburg, to mines, &c., 33 miles; total, 137 mUes; trackage to
WUliamsport, 16 mUes. Successor to the Beech Creek Clearfleld &
Southwestern, reorganized in 1886. From October 1, 1890, leased to
the N. Y. Central & Hudson River RE. for 999 years at 4 per cent
on company's bonds and stock, the bonds being indorsed with the Central's guaranty of principal and interest. See V 52, p. 570. Dividends
on preferred stock from 1886 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 of 4 per cent are guaranteed. See V.
52, p. 570. The $825,000 bonds issued by the Clearfleld Bituminous
Coal Company, reorganized, will be guaranteed by the Beech Creek,
and interest upon them will be payable as rental by the N. Y. Central.
From Jan. 1 to March SI, 1892 (3 months), gross earnings on 153 miles
were $307,475, against $308,487 in 1891
net, $104,232, against
$171,356. In 1891 gross earnings were $1,202,089; net. $611,651;
surplus over fixed charges, $81,375, against $10,986 in 1889.— (V. 52,
.
;
p. 80,
238, 321, 498, 570; V. 54, p. 328.)
Bellalre Zanesvllle
Cincinnati.— Owns
&
Bellalre, O., toB.
O. Junction, 102 miles.three foot gauge trackage B.
O., 1 mile; leases
MiisMngum CoimtyRR. to ZanesvUle, 9 miles; total operated, 112 miles.
Placed in receiver's hands in July, 1886, and reorganized in 1889. Stock
is: Common $832,000; preferred $795,910; par $50.
Fiom Jan. 1 to
March 31, 1892 (3 mouths), gross earnings were $20,843, against
$18,317 in 1891; net, $1,585, against deficit of $4,887. Inyearendlng
June 30, 1890, gross earnings were $98,589 net, $6,641.
Sc
;
&
;
Belvldere Delaivare.—Owns from Trenton, N. J., to Manunka
J., 67 miles; Flemington RR.,&c., 14 miles; operated cut-off, 1
mile; total operated, 82 miles. Leased to United Companies, and transferred to Penn. ER. March 7, 1876. Net earnings paid as rental. Penn.
RE., Dec. 31, 1891, owned all of the 7 per cents. The first mortgage
(convertible into stock) and new 4 per cent bonds are guaranteed by the
United Companies. In 1891, net, $370,830; surplus over interest and
dividends, $112,904. Dividends of 6 per cent are paid. Stock, $1,150,000 (par $50), all held by Penn. BE. Co.
Chunk, N.
Berkshire.—Owns from Connecticut State Line to West Stockbridge, Mass., 22 miles. Leased in perpetuity to Housatonic Eailroad
Company at 7 per cent on capital stock, $600,000. Lessors have paid
taxes, &c., and hence the quarterly dividend due in October has usually
been omitted. In 1892 a suit was brought against the Housatonic to
recover the amount theretofore paid In taxes in 1891 paid 5-30 per
cent; in 1892, January, ISjo; AprU, 1%.
;
Blrmlngliam Sheffield & Tennessee Klver. — Sheffield to
and brandies, 92 miles. Stock is $2,800,000. In Sept., 1887,
& Birmingham EE. was consolidated with the Alahiima & Tennessee Coal & Iron Co. In January, 1889, receiver appointed, and in
April, 1889, the railroad property was sold to the Birmingham Sheffield
6 Tennessee Elver, and the Coal|<& Iron properties reorganized separ-
Ja.'sper, Ala.,
Sheffield
ately. From January 1 to March 31, 1892, (3 month)s, gross earnings
were $56,523, against $42,097 In 1891; net, $23,'263, against $13,536.
In year 1891 gross earnings were $211,879; net, $74,808. In 1890
gross, $189,846; net, $51,422.
—(V. 48, p. 128, 527.)
Btwirfjs— Prinol
pal,When Due.
Stocks Last
—
Par
102 1889
102 1890
64 1867 $1,000
67 1876
1,000
67 1885-7 1,000
59 1877
1,000
22
100
51 1887 500 &o.
1889
ido
1875
1,000
1882
100
19
"ioo
1875
1876
1879
1883
& Lowell bonds.
& Low plain b'ds
Do
INTEREST OR DIVIDENDS.
or
Amount Rate per When Where payable,
and by
Road. Bonds Value. Outstanding
cent.
Payable
Whom.
IstmortKage for $1,000,000
Btlviderc Del. Ist M., ext'd in "77, conv., guar
Cons. mort. of 1876, slnlting fund, not drawn
c
Cone. M. of '7(>, guar, by Uu. Co's &. Pa. KR.,8. f ..r
Bennington
Size,
President A. Parrlsh, Philadelphia, Pa.
Dividend.
& J. N. Y., Fanners' L. & Tr.
& J.
& D. Philadelphia, Pa. RR.
7
& J. Phila., and Tienton,N. J.
4
Various Philadelphia, Pa. RE.
7
M. & N. N. Y., Union Trust Co.
rem. Q.-J. Stockbridge, Treasurer.
& J. New York and London.
%' J.
A. & O.
2
Q.-M. Boston, Of .Kneeland St.
6
J. & J.
do
5
A. & O
do
5 per an. J. & J.
do
7 per an. J. & J.
Boston, at Office.
7
M. & 8.
do
do
6
J. & J.
do
do
5
J. & J
do
do
iH M. & N.
do
do
M. & S.
4
do
do
4 g- A. & O.
do
do
A. & O.
6
do
do
6
A. & O
do
do
6
F. & A.
Nashua, Co.'s Office.
do
5g. J. * J.
do
Sec rem M. &. N.
Boston, at Office.
6 per an. M. & 8,
do
do
7
J. & J.
do
do
4
F. & A
do
do
4
F. & A.
do
do
6g. M. & 8. Bost.; Lond.,Baring Br
4I3 J. & D Boston, 2d Nat. Bank.
$250,000
738,000
1,000,000
682,000
1,250,000
475,000
600,000 See
2,600,000
25,000,000
2,000,000
3,858,000
450,000
5,529,400
500,000
750,000
620,000
250,000
3,485,000
1,000,000
200,000
226,900
200,000
100,000
17,302,300
3,149,800
3,500,000
1,500,000
1,919,000
9,041,875
1,000,000
4
4
8
July
Jan.
J.
J.
J.
J.
1,
1,
1,
1,
June
Jan.
1898
1940
1902
1916
1925-27
Sept.,
Nov.
Apr.
1,
1,
1897
1892
Jan. 1, 1927
Oct.
1,
Mar. 31,
July 1,
Apr. 1,
Jan. 1,
Jan. 1,
Mch. 1.
July 1,
July 1,
May
1,
1929
1892
1895
1902
1892
1892
1895
189«
1899
1903
1905-6-7-9
Apr. 1, 1932
Oct.
Oct.
Aug.
July
1,
1,
1,
1,
May
16,
Mch.
1,
1897
1898
1893
1900
1892
1892
Jan.,1893&'94
Feb.,1905&'07
Feb. 1, 1937
Sept
June
1,
1,
1906
1937
— (V. 50,
p. 245; V. 51, p. 84, 206, 273, 416, 457, 681; V. 52, p. 322,
718; V. 53, p. 187, 265, 270, 674; V. 54, p. 243, 762.)
Boston & Ijowell.—Owns from Boston to Lowell, 27 miles!
branches— Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 32 miles; Middlesex Central, 11 mUes; leases— Manchester &
Keene EE., 29 miles (ownediointly with Concord & Mon. RR.); Central
Massachusetts, 104 miles (Jounecticut & Passumpsic, 147 miles; total
leased, 280 miles; total owned and leased, 369 miles.
The Connecticut & Passumpsic EE. is leased for 99 years from January 1, 1887. A lease of the Boston & Lowell and all Its branches to the
Boston & Maine for 99 years was effected In 1887 at 7 per cent on stock
till January, 1897, and 8 per cent thereafter.
The 4 per cent bonds for $1,000,000, due April, 1932, retired $1,000,000 bonds faUing due AprU 1, 1892. In Jan., 1892, it was voted to issue $400,000 stock for improvements.
The Legislature, In giving authority In 1891 to the Boston & LoweU
;
to increase its capital stock, exi)ressly required that the new stock
should be sold at public auction.
Dividends since 1880— In 1881 and 1882, 4 per cent In 1883, 5 in
1884, 512; in 1885 and 1886, 6; in 1887, 6I2; in 1888 and since at rate
of 7 per cent yearly. Fiscal year ends September 30. No report Issued
since 1886. (V. 52, p. 84; V. 54, p. 78.)
Boston Sc Maine.—Owns Boston to Portland, Me., via Dover, N.
H., 116 miles Boston to New Hampshire State (Eastern Eailroad), 41
miles; Conway Junction, Me., to North Conway, N. H., 73 mUes; numerous small branches, etc.. 86 miles ; total owned. 316 miles. LeasesNew Hampshire State Line to Portland, Me., via Portsmouth, N. H.
(Eastern Eailroad in New Hampshire and Portsmouth Saco & Portsmouth), 67 miles; Boston to Sherbrooke, Canada (Boston & Lowell,
;
;
;
Nashua & LoweU, Northern New Hampshire, Connecticut & Passumpsic
and Massawippi Valley railroads), 290 mUes; Worcester, Mass., to Eoohester, N. H. (Worcester Nashua & Eochester) 94 miles
North Cam;
,
bridge Jimction to Northampton, Mass. (Central Massachusetts), 99'
mUes branches, 344 mUes total leased. 894 mUes ; total operated
Sept. 30, 1891, 1,210 mUes. For terms of leases see each company.
In 1890 a consolidation was made with the Eastern RR. of Mass. and
the Portsmouth Great Falls & Conway, on terms in V. 50, p. 589.
Authority to consolidate with its other leased lines was granted in
1891. Company owns $2,264,375 Maine Central stock.
Stockauthorizedby vote of the company, $20,954,100. In 1891-92
.$4,656,400 new stock was issued at par to fund tbe floating debt and
to pay for Improvements. See V. 52, p.l64, 349. The company's common stock with this issue outstanding is $17,804,300, of which $502,000 is held by the trustees of the Eastern EE. and draws no dividends.
Dividends on common stock since 1880:— In 1881 to 1885 inclusive, 8
per cent; In 1886, 9%; in 1887, 10; in 1888 and 1889, 9; in 1890, May
412; November, 5 in 1891, May, 4's; November 4ia
in 1892, May, 4.'
On preferred stock (formerly Eastern preferred) 6 per cent yearly has
been paid since 1887.
There were outstanding Sept. 30, 1891, $594,800 4i2 per cent Charleetown land mortgage notes due 1895.
From Oct. 1, 1891, to March 31,1892 (6 months), gross earnings were
$7,271,993, against $5,965,028 In 1890-91 ; net, $2,397,012, against
2,118,510; sui-plus over charges, $693,848, against $417,749. (V. 54,
;
;
;
;
p. 762.)
Eeport for year ending September 30, 1891, was In Chronicle, V. 53,
Boston & Albany.—Owns from Boston, Mass., to Albany, N. Y.'
202 mUes; numerous branches, 104 miles; leased Hues, 83 miles; total p. 834. Earnings and expenses below are for the whole system.
operated, 389 miles. The Boston & Albany was formed (December,
EARNINGS AND EXPENSES.
1867) by the consolidation of the Bo.ston & Worcester and the Western
1888-89.
1889-90.
1890-91
railroads. In 1889 obtained pennission from the Legislature to issue
operated
MUes
1,210
1,210
1,210
$10,000,000 ivdditioiiiil stock, $7,000,000 being for bonds due In 1892
Earnings$
$
$
and 1895 and the remainder for improvements. On Jan. 5, 1892,
—
6,885,048
7,347,201
$5,000,000 of this new stock was issued to retire the same amount of Passenger
6,203,431
7,118,583
7 per cent bonds due Feb. 1. Due improvement fund July 1, 1891, Freight.
express,
1
MaU,
&o
573,329
625,907
$278,010.
Cash dividends at the rate of 8 per cent yearly have been paid for
Total
gross
earnings
13,661,808
15,091,691
many years. Stock dividend of 10 per cent was paid In 1883 and of 313 Operating expenses and taxes..
9,479,465
10,567,213
per cent In 1886.
For the 9 months ending Mar. 31, 1892, gross earnings were $7,Net earnings
4,182,342
4,524,478
320,030, against $6,865,444 in 1890-91; net, $2,011,181, against
INCOME ACCOUNT.
$2,282,818; interest, rentals and taxes, $l/)96,003, against $1,142,382;
surplus over oharges, $915,178, against $1 140,436 in 1890-91. V. 54,
1888-89.
1889-90.
'
.
p. 762.
Fiscal year ends
now June
loUowtng
30,
and report In V. 53,
p.
255, showed the
Totalnet,lnclud'gotherlnoom6 4,579,667
15,182,662
10,728,686
4,453,977
1890-91.
4,963,978
4,951,311
2,576,381
2,018,290
982,224
181,077
68,381
1,329.030
Deduct—
IXCOHE ACCOCNT FOR YEARS ENDING JITNB
Rentals
30.
1888-89.
1889-90.
1890-91.
Interest on bonds
Other interest
Gross earnings
9,012,325
Operating expenses and taxes. 5,975,607
9,151,069
6,276,777
9,216,222
6,807,751
Sinking funds
Dividends
Rate of dividend
Eastern RR. proportion
Neteamlngs
—
Deduct
Interestpald
Eentals
Dividends
7,514,771
7,011,127
656,764
(8
per cent)
Total
Balance, Bonilua
3,036,718
2,874,292
662,900
78,000
662,900
78,000
1 ,600,000
1 ,600,000
2,340,900
695,818
2,340,900
533,392
2,408,471
2,933,517
356,941
109,853
37,095
630,000
(9)
580,544
150,757
100,000
1,042,211
(9Jso.;
3
pf.)
(9c.;6pf.)
436,000
Total
4,503,406
4,449,893
4,578,802
Sur. 514,085
372,509
Balance
Bur. 76,261
1 ,600,000 -(V. 62, p. 164, 321, 349, 795 V. 53, p. 21, 289, 793, 834, 879; V. 64,
p 328,762.)
2,340,900
Boston & Neiv York Air I,lne.—Owns from New Haven, Conn..
67,571 t« WilUmantlc, Conn., 60 miles; leases TumervUle to Colchester,
662,900
78,000
;
;
Hat,
KAILROAD STOCKS AND BONDS.
1893.]
ly
Snbserlbers vrlU confer a gretit favor hj gtvliiK Immediate notice of any error discovered in these Table*.
&»uf»— PrlneiINTERKST OR DIVTDEND8.
RAILKOAD8.
MUea Date Btze, or
l>aa
Amount Rate per When Where Payable, and by pal.WlHiD
of
Par
Bloek»—lM0t
'For explanation of poltimu bcailinKB, &o., see notes •of
Outstanding
ROad. Bonds Value.
Whom.
Cent Payable
ou tlrat page of tables.
Dividend.
Soslon it X. F. A ir-ii»ie—Sfk.pref. (gu.N. Y.N.H.&H.)
o'
1st mortgage
Boston ee /Vop.—Stock, 10 p. o. guar. 99 yrs. 01(1 Col.
,
Bondx
64
50
1880
1873
1888
to purchiiso l)raii('lios,coupon or registerod
Funding l)ond«, not niortgago, ninlc fund 1890.. o*
Boston ICfrere Hetich li Lytm— Stock
Ist mortgage
Boston wintlirop <& Shore Ist mortgage, guar
Bradford Hordell <t Kimua
Bradford Kldred <* 0«6a— 1 st mortgage
—
}Vcsl End— Ist raort., series A...
^Brooklyn Ilalli <£
l8t mortgage. Berios B
o
Brooklyn it: BriglUon Keach— 1st mortgage
Brooklyn Klecuted—li'tni., gold, 8. f., not drawn.. .0*
o*
2d mortgage, gold, Hinking fund, not drawn
Union El., lstM.,.')i530,OO0 p. m., gold,ansumed.o*
2dM.,iue.,non-cum.,l?18.'),OOOpor mile, gold. o*
Brooklyn a Rnrkaway lleuch.—lat mortgage
o
Loan'for$y.M),000
Buff, llrcut. A 7"iH».— (Jen. M. (10,000 acres land) ..r
Buff. X. r. it Erie—Stock (7 p. o. rent. N.Y. L. E.&W.)
o*
Ist mortj?age
Buffalo Hm-haiter it Pittsfrurjf— Stock— Common
Preferred 6 iier cent none iimulatl ve.
o*
K. A P. lat M. gold, Rochester to Salamanca
R. &. P. consol. niort., .$'20,000 per mile, gold, g.o*
o*
Ist general mortwigo ($10,000,000) goUl
K. & P., E(iiiipmcntl)'(l» (car trust) In series... c*
Lincoln Park it Charlolto 1st mort.,gold,giiar.o*
,
JJit/raioe«A'oi(Mw.— 1st M., gold, int.guar. by Erie. c*
Burlington Cedar Rapids it JVor//ic;-«— Ist mortgage
Iowa City &\Vest., l8tM.,g.,lnt.guar.,red.at lOrKO
Ced. Rap. I. F. & N. W. lat M. g. guar. red, at 1 05
,
,
,
$2,908,.')00
2
A.
600,000
4,000,000
600,000
1,665,000
860,000
360,000
280,000
8
F. Sc A, N. Y., Lincoln Nat. Bank
Boston, onice. Park Sq,
<i.-3.
1,000
1,000
100
8
.
"i
6I9
6>«
71a
6-9
6-9
11
11
3>3
3>«
20
142
142
304
304
108
1877
1886
1,000
1881
1887
1887
1887
1884
1885
1887
1887
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1891
1865
1,600
1876
1,000
100
100
100
1881
1882
1887
All
All
1,000
1,000
1,000
1,000
1,000
Var's
1889
1877
1876
1879
1880
"ii
67
369
73
55
50 &0.
lOO&c.
1,000
1,000
miles total operated, 54 miles. Formerly the New Haven Mlddletown
A Willimantlc. A lease was made in October, 1882, to the New York
Now Uavcu <fc Hartfoid Kallroad for i)s) years at 4 per cent dividends
per year ou tlie preferred stock and interest on the bonds. Conunon
stock autliorizcd $1,000,000; outstandiug $838,000 ; par, $100.
Boiiton Sc Providence.—Owns from Boston, Mass., to Providence,
R. I., 44 miles brandies, 20 miles leases, Attleborough to North Attleborough, 4 miles total operated, 68 miles. Leased for 99 years from
April 1, 1888, to Old Colony RR. at 10 per cent yearly on stock and a
bonus of .$l,y00,000 cash, out of which an e-xtra dividend of $32 50 was
paid on stock May 2, 1888.— (V. 46, p. 480; V. 49, p. 718.)
;
;
;
;
Boston Revere Beach
&
lifun.— Owns narrow-gauge road
from Lynn to Ea.Ht Boston, Mass., 9 miles, connecting with Boston by
company's ferry boats; Boston Wiuthrop & Shore RR., East Boston to
Winthrop, 5 miles, with branches 3 miles. On July 1, 1891, consolidated with the Boston Wiuthrop & Shore Road. Notes payable June,
1891, $215,000; notes receivable, $75,000. In year encling June 30,
1891, gross earnings were $308,178; net, $111,705; Interest, $21,OOO; taxes, $16,455; dividends, $32,500; surplus, $15,368.
Bradford Bordell ic Klnzna.— (3-foot gauge)—Owns Bradford,
Pa., to Simpson, Pa., 15 miles; branches to Rew City and Eldred, 14
miles total owned, 29 miles. Leases Simpson to Smethport, 10 miles
total operated, 39 miles. This railway company is successor to a railroad company of the same name which defaulted In interest In 1884
and was reorganized in 1892. SeeV. 52, p. 164.
Bradford Kldred
Cuba.—Operates Eldred to Wellsville, N. Y.
83 miles (3 foot gauge), of which 4 miles owned. Stock, $480,000 par,
also
There
are
2d
mtge.
bonds for $60,000, 6s, which were due
flOO.
une 1, 1883. Foreclosure suit begun in Feb., 1885. Reorganization iu
8regress, securities being deposited with Continental Trust Co. of
ew York. In calendar year 1891 gross earnings were $32,732; deficit
nnder operating expenses, $758. In 1890 gross, $42,068; net, $5,778.
Total detlcit to July 1, 1890, $235,543. Thomas O. Piatt, Receiver,
82 Broadway, New York. (V. 46, p. 537; V. 51, p. 569.)
Brooklyn
Brighton Beach. Owns double-track road from
Atlantic Avenue corner Franklin Avenue, Brooklyn, to Brighton
Beach, N. Y., 7^ miles. Successor to the Brooklyn Flatbush & Coney I
•old In foreclosure In October, 1887. Stock Is— common, $500,000;
preferred, $500,000. In year ending June 30, 1891, gross earnings
were $116,482; net, $47,011; interest, $36,280; taxes, $10,494; other
payments, $28,918; deficit, $28,182. Ou Jan. 1, 1892, there were loans
and bills payable for $201,830. President, J. Jourdan, Brooklyn.
Brooklyn Bath
IVest £nd.—Owns double-track road from
Brooklyn (Union Depot), Fifth Avenue and 30th Street (terminus
;
&
;
—
&
&
Union Elevatisd R.K.), via Bath Beach and Bensonhurst to Coney Island,
412 miles. Reorganized iu 1885. Common stock, $500,000 (par $100).
Preferred stock for $100,000 and second mortgage bonds for same
amount have been authorized for improvements In year ending Juno
30, 1891, gross earnings were $103,005 net, $18,760; taxes, $3,917;
Interest, $29,792; deficit, $14,948. President, J. M. Butler, 119 South
;
Fourth
Street, Pliiladelpliia.
H.&n.Co.
Apr, 1892
Aug. 1, 1905
Apr. 1, 189S
do
do
July 1, 189S
do
do
July I, 1918
Boston.
Jan. 1, 1893
Boston, Office Park 84. July 15,1897
O. N.H.,N.Y.N.
$100
1,000
100
68
2>9
7
4
3
6
5
"e
500,000
260,000
250,000
600,000
3,500,000
5
5
6
dc
A
A
&
&
M. A
A
A
A. A
M. A
A
J. A
J.
J.
J.
J.
J.
do
J.
J.
O.
Sept
do
1,250,000
J.
5 (?•
6,000,000
Og. M. A N.
2,068,000
J. <fc J.
M. Jc N.
58,000
250,000
7'
580,000
J. A J.
950,000
J. A D.
2,380,000
J. A D.
7
6,000,000
6,000,000
Q.— P.
i'u
1,300,000
F. A A.
3,920,000
J. A D.
M. A 8.
2,871,000
588,000 5,6
Various
350,000
J.
* J.
Ik1.500,000
J. A J.
J. A D.
6,500,000
584,000
7g. M. A 8.
825,000
6g. A. A O.
19M
Jaa. 1, 19SS
Jan. 1, 1907
N. Y., Cent. Trust Co.
Oct
Jh.
BepC.
8.
O.
1,
Last paid July, 1884.
PUIa., 122 Bo. 4th St.
do
do
do
do
do
July
do
do
do
May
Jan.
May
A W. BR. Jan.
A W. RR. June
Br'Uyu.Peoples' Tr. Co,
N. Y. L. Erie
V. Y. L. Erie
do
do
N. Y., 36 Wall Street
N. Y., Union Trust Co.
1,
1,
1,
1,
1,
1,
1,
June
1,
1,
1,
May
16,
1910
1927
1924
1915
1937
1937
190*
18M
189t
191S
1892
1921
1922
Sept
1937
N. Y., Gallatin Bank.
Var. to 1900
N. Y., Union Trust Oo.
Jan., 1939
N. Y., ilrst Nat. Bank. July 1, 1908
N. Y., Central Trust Co. June 1, 1906
do
do
Sept 1, 1909
do
do
0<^ 1, 1920
85,000 for organization expenses,
by the lessees.
oo
do
do
do
Feb.
Deo.
1,
1,
1,
Dividends and Interest paid dlreotlf
&
Bnflalo Rochester PIttsbnrs Rallivay.—/.See JTop.;—Owns
Rochester, N. Y., and Buffalo, N. Y., to Walston, Pa. (except 40 miles of
trackage mentioned below and here deducted); 213 miles; branclms to
mines, 12 miles. Proprietary roads owned
Lincoln Paik & Cliariotte
Railroad, 11 miles Brockwayville A Punxsutawncy Railroad, 25 miles:
Perry RR., 1 mile. Trackage— New York Lake Erie & Western, Howard
Junction, Pa., to Clarion Junction, Pa., 36 miles; Buffalo Creek Railroad, 4 miles total operated, 304 miles.
This company was formed in March, 1887, as saoc(^s8or of thA
Rochester A Pittsburg, which was foreclosed In Octol>er. 1885. la
April, 1890, a controlling interest in the stock was purchased by a
Buffalo syndicate, headed by the Bell, Lewis A Yates Coal Mining
Company, which company gu,araiitees to ship over the road for the nen
Ave years not less than 300,000 tons of coal annually. The Rochester
& Pittsburg Coal & Iron Company also, whose entire stock is owned by
this company, is to ship over it not less than 750,000 tons yearly.
See V. 50, p. 560, 589.
In May, 1892, a tratllo contract was made between this company,
theNew York Central as lessee of the Beech Creek Railroad and tha
Philadelphia & Reading. The contract is said to be for fifty years and
to involve the construction of twenty-seven miles of roa(l from Du
Bois on the Buffalo Rochester <fe Pittsburg to a connection with the
Beech Creek road at Clearfleid, Penn. Tlie Beech C*eek road has a
trackage arrangement by which it reaches Williamsport, where connection is made with the Rcatling system. The principal outlets of the
Buffalo Rochester A Pittsburg for soft coal have been on Lake Ontario
and Lake Erie. The new arrangement will give it an outlet to Atlantis
tidewater. The road will be built by an independent corporation with
a guarantee of its bonds by one of the parties to the contract, probablv
the Buffalo Rochester & Pittsburg. See V. 54, p. 799.
The prefeiTcd stock is $6,000,000 (entitled to 6 per cent dividends,
non-cumulative), and common stock, $6,000,000; par $100. Dividends
on preferred stock: In 1892, Feb. 15, IH; May, IH.
Of the general mortgage (trustee Union Trust Company of New Yorlrt
for $10,000,000, there are $6,000,000 reserved for prior bonds. Bee v.
54, p. 203. There are also $8,000 incomes, due In 1921. mortgages on
real estate for $295,300, due in 1895, and $20,000 Perry Railroad
guaranteed 78 due 1902.
From July 1, 1891, to Mar. 31, 1892 (9 months), gross earnings were
$2,190,932, against $1,816,603 In 1890-91; ne^ $675,090, against
-o
.
$462,180.
For the nine months ending March 31, 1892, tot^ net Income was
$630,213, against $445,367 in 1890-91; all charges. Including extraordinary payments, less credits, were $520,102, against $496,440; balance surplus, $130,111, against deficit of $50,073 in 1890-91. (V. M,
:
;
;
.
p. 761.)
Fiscal year ends June 30. The report for 1890-91 was In V.53,p.752.
In the following the figures for 1889-90 and 1890-91 are tor the year
all others for years ending September 30.
1887-88.
1889-90.
1888-89.
1890-9X.
ending June 30
;
—
Brooklyn Klevated.—Owns from Fulton Ferry and Brooklyn
$
$
9
2,001,156
2,021,591
1,913,172
2.511,484
Bridge via York Street, &o.. to East New York, 6 \ miles Broadway and Gross earnings
447,671
674,697
574,826
675,858
Lexington Avenue to Broadway Ferry, 2% miles, and Myrtle Avenue to Net earnings
30,934
16,969
45,974
30,673
Adams Street and Brooklyn Bridge, 43i miles; branch to (Ireenwood, 3>9 Other Income
miles; total, 18 miles. In Oct., 1890, consolidated with the Union ElevTotal receipts
478,605
720,671
706,531
590,795
The capital stock is $13,283,000 (par $100). If net earnings suffice, 8
Deduct —
Sinking fund of one per cent mil purchase 2d mortgage bonds if obtain
400,350
488,650
496.357
437,452
able at 90 and first mortgage bonds at 105— no bonds drawn. The Interest on bonds
Int
on floating debt.
700
14,818
4,992
15,841
Brooklyn Bridge & Seaside BR. company was organized In 1891 t«
Rentals
144,123
74,431
74,099
72,984
extend the lines of this company.
The Union Elevated first mortgage is for $7,000,000; the second for
Tot dlsbursem'ts 489,599
585,182
516,543
633,475
*2,5(K>,000; trustee of both. Central Trust Company. See abstracts In
v. 49, p. 583. Application in full to New York Stock Exchange was In Balan ce
'121,349
def.10,994
Bur.74,252 sur. 87,196
Ohkonicle, V. 48, p. 129. See also V. 49, p. 471.
* Of this amount $46,886 was spent for betterments, Ac
July 1 to Dec. 31, 1891, gross earnings were $879,324, against $852,President, Arthur G. Yates, Rochester, N. Y.
876 in 1890; net. $374,928, against $361,190; surplus overcharges, -(V.
52, p. 239, 707; V 53, p. 224, 673, TS2, 753; V, 54, p. 203, 243,
$68,742, against $62,000.
For year ending June 30, 1891, gross earnings were $1,759,208; net, 761.)
BuflTalo
A Sonthtrestern.—Owns from Buffalo to JamestowiL
•756.731; fixed charges, $632,500; surplus over charges, $124,232.
1889-90 gross, $1,574,489; net, $649,909; surplus over charges, N. Y., 67 miles. In July, 1880, leased to the New York Lake Erie A
tin95,942. Henry W. Putnam,
Western
for
99 years— at 35 per cent of gross earnings, but interest oa
President (V. 51, p. 207, 608, 715: V.
bonds guaranteed. Rental in year ending June 30, 1891, $149,.558;
2, p. 80, 280, 762; V. 53, p. 256, 603,754; V. 54, p. 597, 761.)
surplusover
$9,700; In 1889-90, $138,331. Stock—oommon,
Brooklyn dc Rocbaway Beach.—Owns roads from East New $471,833 (Ofdividends,
which Alleghany VaUey R.iilw.iy owns $235,916), and
York to Caiiarsie Landing 313 miles, and ferry thence to Rockaway $471,833
of
7 per cent preferred; par, .$100. Common stock shares
Beach. Opened In 1865. Stock, $147,300; par, $50. There arc $8,000
hnpro vemeut bonds. For 13 months ending Juno 30, 1891 gross earn- dividends after 7 on preferred. In 1889 and 1.^90 paid 8 per cent on
and
1 on common; in 1891 8 on preferred and 1 on oommon;
togs were $72,565; net, $28,623; other income, $2,389; interest, firefeiTed
«4,340 taxes, $1,238 balance, surplus, $25,.l34. Henry H. Adams, n 1892, February, 6 on preferred.
Burllnston Cedar Rapids A Northern.—On January 1, 1892«
President.
from Burlington, Iowa, to Albert Lea, Minn, (iucludlng 11
BnflTalo Bradford & Plttsbnrgr.—Owns from CarroUton, N. Y. operated
miles leased), 233 miles; branches— Linn, Iowa, to Postville, Iowa, 94
to Qilesvillo, Pa., 26 miles. Completed in 1866, and leased to New
miles
Muscatine,
Iowa, to Riverside, Iowa. 31 miles Vinton. Iowa, to
York Lake Erie & Western for 499 years. Rental, 7 per cent on out- Holland, Iowa,
48 miles Iowa Citv to What Cheer an<l Montezuma,
standing bonds, $40,600 a year. Capital stock, $2,286,400 par $100.
73 miles; Clinton Division, 81 miles ;" Decorah Division. 23 miles; Iowa
BuOalo Now York & Erie.—Owns from Buffalo, N. Y., to Cor- Falls Division, 430 miles Waverly Division. 6 miles Kore-st Dlvlslon,
ning, N. Y., 142 miles. Leased In 1863 to the New York & Erie for 490 7 miles; Davenport Division, 31 miles; totiii operated, 1,0S2 mile*, of
yeaw, and now operated by the New York Lake Erie & Western Com- which 426 miles owned and 656 miles leased. In April, 1892, it was
Rental, $238,100— viz., 7 per cent on stock and bonds and reported that a line would be built between Forest City and BatherVfU>7.
Receipts
;
,
;
;
;
;
;
;
;
;
^
e
,
INVESTORS' SUPPLEMENT.
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'»^
aBftllmofat
BEEC«
JCj^/V
flQ
^rlftwood
QjForrestvIUe
^^
North Point
"^Po^
,
i3!*J'«
Clarion^
Wbcec h twee
jc.
\Farrand8
""/,
Kagletonc
V,
«l
bParkerl^cfi
^ii^
^
'«>/y,
_JflIlHan,,#Cocl( Haven
.
;^iEARFiELDper8eo--y^now Shoe/^^eech
ADBank1, Jc;^
VSv®
d
E!i?M",I"c^o'"^!,^'^«'Ru'<J"e.
coal m n g.^^st^-, ^U.^-
KIttao
"lain
lloralii
Kpiiilllpsbur^
^^" ^^=^
LaJo^
Y
Rochester
.-
\*
Is
'1/f
F
I
^
?
^v^l^
^,^
^Arnolds
[i
Belief onte
pENi
pringMs.
Tianisey
BellwoodV
^
"V*-
Altoona
Gbensburgo
MiminH
h Huntington
Creasoy^
'ITTSBURG
HoIlidaysburghY^
BlaIr8vIll?<^BlaIrevIlIc Br.
i^BrJnton
^MUcsburg
^ Tyrone^
p Indiana
^N^jSalwburg
Osceola
Or.
[irvona^
Mltcheirs
^"'P'"Mj™ctlon
/jrMj\
Orrlsdale
,,^-^
.Belsena
Callery Jc.
'
CarweSsYlHe
i
WAtSTON -y^
«o«.:"W
ButlerJtr
V/
^/j^^^irsey Shore
Kaitliausv
Brooks Mills
<5
Mines /
f'
/V Roaring ^pra.
'?*^'**
Jtrwln
pMcUolon
'Johnstown
^reensburg^
Ore
^Tauger
Sewickly
Hill 6
MAP OF THE
sLlgonler
\
AlHorewt
^Mt.Pleasant
BUFFALO, ROCHESTER
rEvei-Bon
Somerset/j
;/^Connellsvllle
Rock wood.
3
PITTSBURG
Berlin
Unlontown^^ Q
Waynesburgh
p
Falrcbance
"smltbfleJd
>
Myersdale}:
/Bridgeport
"W.SilUburyo
Cumberland!
R'Y
.
Mat,
1892.
RAILROAD STOCKS AND BONDS
J
ir
8ab>crlbers vrlU confer a great favor by KlTlnK Immediate notice or may error dlacorered In these Tables.
RAILKOAUM.
For explanation of column hcadlngB, &c., nee
on llr»t piigo of tallies.
MIlOH
Date
Bize, or
of
of
Par
noteii
Road. Bonds
<t yorth'n— (Concluded.)
I. F. A N. W. do. consol. Ist M., trold. Kuar..o
Consol. 1st M. A coUat. tni«t,>;.,i?ir>,0<M)p.Mi.o"4r
INTKRl'MT
Burlington Cedar Rapldt
408
C. R.
All
Minneapolis & St.l/i>niB,lst iiiort., S<>1<1 (ivsHiimod)
Calgary <f Jidmonlon.—lut M..rc(l. at 10,Jiilyl,96)
12
300
114
114
114
UO
79
79
79
79
1
Oalifottiia l'uci/ie—\»t inort., gold (cxt'd In 1887)..
2)1 M., gold, endorsed My C«n. facoxtcn. In 1891
3dmort.,g..Kuar.t)V<>,nt. Pae. (.$1,000.000 are 3b)
Cambria a Clearfield.— IM M. ($'2,000,000) gold.o'
Camden rf Allantie—titcn-k ($880,'JfiO of U prof.)....
l8t mortgage (extended 20 years In 1873)
o*
o*
2d mortgage
ConRol. mort ($1,10,000 are 5s reg., Int. at otttoe) o*
Phil. Marl. A Med. latM. gu.rod. aft. Jnlyl, '96.0
0*
Oamdcn rf liurlingUin County. 1st mortgage
o*
Oanad<i AUanlic—lat mortgage, gold
12
31
—
Canada Smithem — Btook
1st mort.. Interest guar,
by N. Y.
C.
142
436
404
404
A Hnd. Rlv.o
oAr
2d mortgage
Canadian Paei/lc—SU>i:V (guar. 3 p. c. dtv. till '93).
Can.C'ent.KK.lflt and •2dmort«.,lHtM.s.f.,dr.at 10.1
Qnebcc Prov. duo on Q. M. O. A O. and N. 8. RR.
«100Aa
Ist mortgage delieuturo sterling
0*&r
1st mort. on Algoma Branch, gold
Ld. gr. l)ds, not dr'n, int. gu. l>y Can. Gov't.c*&r
Consolidatiid perpetual del)enturo stock
Manitoba
Bt,
K'y
!jtl'2,000 p. ni.. Int.
Lawrence & Ottawiv— 1st mortgage
£100 Ac
$l»,770,4i»2
500 Ao.
213
325
54
1876
£50 Ac
183
guar.g
Atlantic A Northwest— 1st mort. gold, guar..c*4r
North Shore Railway— 1st mortgage
8. \V. Col.
flOOAo
£100 Ac
1,823,333
7,000,000
3,426,eOO
34,998,633
3,650,000
1881
1885
1888
1888
1889
1884
1887
,856
subJeottocallatlO.'j. Bondsof thoCedarRapids Iowa Falls ANorthwestr
Road are endorsed (endorsement is ou tlie lionds) the 6 per cent
bonds are subject to call at !().">. Of tlie per cents $82r),O00 are reserved
to retire the t! per cents. The company guarantees the above bonds.
;
.">
The Central Trust Company is trustee of the consolidated mortgage,
which will retire all prior and divisional bonds. Mlniu'apolis A St.
Louis bonds due June, 1927, numljered from 1.101 to 1,400, for $.")00
each ($150,000 in ail), were assumed l)y the Burlington Cedar Rapids
A Nortliern RR. Stock outstanding Is $.'j,500,000 authorized Issue,
$30,000,000; par $100. Due ou equipment Jaiuniry 1, 1802. $255,0.57.
From January 1 to ^March .^1 In 1892 (3 months), gross earnings were
81,032,846, against $823,1.36 In 1891; net $350,139, against $261,188.
Annual report for 1891 was In V. 54, p. 641.
;
Other receipts
Totalincome
—
IHsburftcmen ts
Interest on debt
Oonsfn, equip., Ac.
I
I
'
I
^
I
.1.
I
(6)
4
London.
15J.&D.
!
Juuel5,191»
381,923; par $25. Dlvideud.t in Juu.i.iry uu.I July. In 1801 gi-OM.
net, $63,787, against $76,745 in '90; prottt to lessee, $19,372.
Canada Atlantic.—Owns Ottawa, Canada, to Rouse's Point, Vt,.
142 miles, with track.age over Central Vermont t<i St. Albans. 24 mile*.
Branch t<i Hawkesliury, 21 miles, was onened in January, 1892",
Has traRlc coutract witii the Canadian Paeltlc and •' Soo " route. Extension to Parry Sound inojected. Trustee of mortgage Is Fanners' Loan
A Trust Company. Tiio liridgo across the St. Lawrence was completed
Feb. 15, 1890. Stock, $2,0011,000 common, and $1,000,000 preferred.
In year ending Juno 30, 1891, gross ojirnings were $538,831
net,
$221,077. In 1889-90 gross, $567,233 net, $225,146. (V. 51, p. 493.>
t273,176;
;
;
Canada Southern.—LtNB of Road—Main line from Cantilerer
Bridge to Windsor. Ont., 226 miles; branch, Amherstburg to Essex
Centre, 16 miles Fort Erie Branch, 17 miles Oil Springs Branch, 3
miles; St. Thomas, Out., to Courtright, Ont., 63 miles; Erie A Niagara,
31 miles Saruia Chatham & Erie, 7 Canj«la Soutliern Bridge & Ferry,
4 Toledo Canada Southern A Detroit, 56, and Michigan .Midland A
Cana<la, 15; total of all linos operated, 436 miles, of whicli 105 mllea
are nominally owned bj' proprietary companies under separate organi;
;
;
;
;
zations.
INCOME ACCOtTNT.
Receipts—
Gross earnings
Net earnings
1
.1.
$2,.')44,<MM)
£99,600
£200,000
1888.
1889.
1890.
1891.
$
$
$
$
2,848,076
771,447
61,282
2,986,543
808,609
96,308
3,303,982
816,147
105,256
3,886,340
1,272,696
24,410
832,729
904,917
921,403
1,297,106
771,130
247,669
771,130
154,128
775,479
150,314
778,055
632,871
The Canada Southern Railway Company was chartered In Canada
February 28, 1868, and delit reiwyusteu by Act of Parliament in 1878.
Interest on the 1st mortgage Is guaranteed by the New York Central
RR. Co., till 1898; but the principal is not guaranteed. In November,
1882, a close contract was made with the Micltigan Central for 21 years
from January 1, 1883, providing for tlie payment to C;inada Southern
of one-third the joint income over all fixed cliarges, but Mich. Central,
by reduction of ftslntei-est charges, now receives more than two-thirds.
Dividends since 1880— In 1881, 21q per cent; in 1882, nil in 189*
and 1884, 2; in 1885 and 1886, nil; in 1887, 1888 and 1889, 2>«;ln
1890, 312: in 1891, '2^; in 1892, Feb., IM, of which I3 extra.
From 1890's earniui^ the surplus to Canada Southern was $355,638
(against $407,000 in 1889.)
The preliminary statemeut for 1891
showed estimated surplus to C. S. .$451,000 and dividends $430,000.
For latest reports of earnings see Michigan CentraL
(V. 33, p. 968.)
—(V. 31, p. 909; V. 52, p. 898, 973; V. 53, p. 968.)
Canadian Paclflc—Owns main line from Montreal to Vancouver 00
the Pacific Coast in British Columbia, 2,905 miles. There arc branches
and auxiliary lines owned of 991 miles, and 1,946 miles of leased
line; 56 miles u.sed Jointly; 781 luiles operated independently for aocount of owners, including the Calgary A Edniontxin RR., of which 119
miles are under construction, luakiug tlie wliole system on January 1,
1892, Including the New Brunswick Railway, 6,<>79 miles. (See details
in Chkiisicle, V. 54, p. 847.) The roiwl wa-s opened tliroughout the
first of July, 1886.
In July, 1890, leased the New Brunswick Railway,
423 miles.— (See V. 51, p. 113.)
In April, 1891, a tramc arrangement was made with the NewYortt
Central for the running of through freight trains over the West Shore
tracks to New York City. See V. 52, p. 334.
The Canadian Pacific was Inc^irporated February 18, 1881, under a
charter from the Dominion of Canadik. The company had an linportwit
contract in its charter, receiving from the Government $25,000,000 In
cash as a subsidy, also 23,000,000 acres of land, all to be tit for settl«;
925,258
923,793
1,410,926
def.20,341
def.4,390 def.113,820
aef.186,070
p. 422, T02 ; V. 51, p. 275; V. 52, p. 040 } V. 54, p. 64 1).
CaJgarv & Kdiiiontoii. — Owns road under construction, to be
completed by Noveiulier 1, 1892. from Calgary on the Canadian Pacitic,
nortliirly to Edmonton, 190 luiles, and southerly to Fort Maciead, 110
miles. Leased at cost of operating till July 1, 1890, to the Canadian
Pacific, which at that date has the privilege of retiring the first mortgage bonds at 110. The amount requisite In addition to the Government subsidy (of £10,400 per annum for 20 ye.'irs for transportation of
Government freight) to provide the interest on the bonds to July 1,
1896, has lieen deposited In trust, to tie used for that purpose, it havinjj
been derived from laud sales. The land grant was 1,920,000 acres, of
which 60."i,<K)0 acres are held by tlie Government against tlie subsidy
and by tlie Canadian Piteitic Railway under the lease. See V. 54, p.
Tot. dlsbursera'ts 1,018,799
Balance
—(V. 50,
847.
California Paclflr.—Owns from VallQJo, Cat., to Sacramento, CaL,
60 miles; branches to Callstoga, Ac, 55 miles; total, 115 miles. In
November, 1886, leased for 50 years to .Soutliem Paclllc Company.
Rental, $(i00,000 iier annum and three-fourths of net earnings when in
excess of that amount. Capital stock. $12,000,000; par, $100. In ment.
IiiNovember, 1883, the Dominion Government gave a guarantee of 3
1891 gross earnings, $1,528,747 net, $759,525, against $514,780 in
1890; taxes, etc., $46,455 rental, $<)00,000; surplus to lessee, $113,- per cent dividends per annum tiU Aug., 1893, on $65,000,OIK) stock. In
069. Lessor's account, rental, $600,000; paid interest, etc,, $328,820; 1892 the company olitained authority from tlie Dominion Parliament to
issue stock in place of delientures for new acquisitions, shiuild the shareextending 2d mortgage bonds, $100,420; surplus to lessor, $170,759.
Cambria & Clearfleld.—To run from Cresson on the Pennsyl- holders at any time deem it advisable. No immediate issue, it is said,
vania RR. Into the coal fields of Camlirla. Clcirfleld and Indiana coun- is contemplated, as new stock cannot be Issued till tl^e present shares
See V. 54, p. 202, 848.
ties, Pennsylvania.
Stock— authorized, $2.1.')0.000 (par $50); paid In, are at par. stock:
Price of
In 1883, 48''8®65>s; In 1884, 39»58i4; In 1385,35%*
$750,000, all owned by the Pennsylvania RR. Co. wliicli pays net
In
6314;
1886,
61®73; In 1887, 49ia»6838; In 1888, 51>«a>62i4: In 1889.
earnings as rental. The bonds are free of all taxes Imposed by the
in
1890, 67»84i4; In 1891, 72»4®91'a; In 1892. to May 20.
State of Pennsylvania or the United States. A full abstract of the 47Hia75;
mortgage was in V. 52, p. 976. In 1891 on 40 miles net earnings were inclusive, 86iaa>94is.
Dividends
since 1882— In 1883, 2h per cent; in 1884, 5; to
$33,283.— (V. 52, p. 973. 976.)
1885.4; from 1886 to 1889 inclu.sivo, 3 per cent yearly in 1890, 5, of
Camden Sc Atlantic.—Owns Camden, N. ,T., to Atlantic City, and which
per
2
cent was supplenieutaryout of earnings; In 1891,5 (Of
branch, 62 miles; Atlantic City to Ijongport, 6 miles; Philadelphia Marl- which 2 p. c. supplementary); in 189'i, Fell., 2iii. See V. 50, p. 37.
ton & Medford Railroad— Iladdontlelcl to Medford, 12 miles; Chelsea
In May, 1888, the coiuiianv voted to relinquish Its exclusive right to
Branch RR., 1 mile; ferries, 2 miles; t<ital operat<id, 83 miles. I^re- build and operate in M;initoba, receiving the Dominion Government
ferred st<ick Is entitled to 7 per cent if earned, and to as higli as paid to guarantee of interest on $15,000,000 of laud grantlioiids. These bonds
common If more tlian 7. Pennsylvania Railroad owns $234,100 com- for £3,093,700 are a liou on 1.5,444,'200 acres of land subject only to
mon and $451,950 preferred stock, and there was due that conijianv $3,426,000 laud grant liouds of 1881, whicli arc redeemable at 110.
January 1. 1892, $275,000; bonds and mortgages outstanding, $88,300.
The first Issue of consolidated delienturo stock w:is made in October.
Dividends since 1880: On common, in 1882, 3 per cent, and none 1889 (see CiiR(inici.k, V. 49, p. 116). It is proposed to i»<'<iiiire the Calsince; on preferred. In 1881. 3^ in scrip; in 1882. 4; in 1884, 7; In 1887, gary A Edmonton RR., and to issue dobenturo st'iok to retire Its lionds.
5; in 1888, 2>2; in 1889, 3; none since prior to May 10, 1892.
In May, 1892, the eoinpany was issuim; £2,000.000 of this debenture
From January 1 to March 31, 1892 (3 months), gross earnings on stock adilitional to tliat shown in tlie table.
mainline and liranchcs were $101,881, against $110,763 In 1891; doIn June, 1890, companv agreed to giianintee the principal and intai^
flolt under operating expenses. $33,140, against $19,115.
est of $20,000,000 4 per cents, to be issiie<l by the Duluth .South Shore
On main line and branches in 1891 gross earnings were $800,970; A Atlantic; also 4 per cent Interest on bonds of the Minneapolis St. Paul
net, $151,718; interest on bonds, $92620; other interest, $17,827; A Sault Stc. Mario. (See V. 30, p. 874; V. 31, p. 239; V. 52. p. (W)8.)
rentals, etc.. $16,024; balance, surplus, $23,245. In 1890 gross earnTo tlie AtUintlc A Northwest Railroad, crossing the Sfcitc of Maine,
ings. $799,491; not, $130,705; sorplufl, over charges, $12,126. (V. 52. the Dominion Goveniment grants a subsidy of $186,000 jier year ttU
p. 569; V. 54, p. 720.)
1906 and Canadian Pacific guarantoos the balance of money necesraiy
Camden & Bnrlln^on Connty.—Owns from Camden, N. J., to for interiwt.
The lands unsold Deoeniher 31, 1891, were 15.444,200 acres of CanPemberton, N. J., 23 miles branch, Burlington, N. J,, to Mount Holly,
7 miles; total, 30 miles. Operated by the Pennsylvania Rallroa<l, adian Pacific grant and 1,267,308 acres of Manitoba 8oiitliwe(<t<>m grant.
I.ease rental, $44,415, being 6 per cent on stock and bonds. Stock. Total sales in 1891, from both grants, were 97,240 acres for $414,940.
;
;
,
;
;
-
A O. N. Y. Central Trust. Oct. 1, 1921
A O.
do
do
Apr. I, 1934
A D. N.Y. Continental Trust June 1, 1927
A J.
I.«ndon.
July 1, 191»
A J. N.Y.,8.P»c.Co.,23Br'd. Jan. 1, 191S
do
A J.
do
Jan. 1, 191 &
A J.
do
do
July 1, 190fr
A J. PhlU.,Or.,2.33 8.4tbBt Jan. 1, 1941
Pblla., Of., 233 8.4tb Bt. Dee. 9, 18e»
A J. Phlla., Farm. A H. B'k.| Dec. 31, 1891
do
A O.
do
Oct. 1, 1890.
A J.
do
do
July 11,1911
A J. Phtla.,Of.,233 8.4th8t. July 1, 1911
A A. Pblla., I'eun. KB. Co. Feb. 1, 1897
Now York aty.
A J.
Jan. 5, 190»
A A. N. Y.j Or'd Cent. Depot. Feb. 1, 1892
A J. N. Y., Union Trust Co. Jan. 1, 1908
do
A B.
do
Mcb. 1, 1913
A A. N. Y., 59 WaU Bt. A Lon. Feb. 17. 1892
Ae Various
Montreal.
1899 A 1910
5
A. A O.
do
1902A190*
5g. A. A O. Montreal.N.Y.orLond'n Oct I, 19n
5 g.
A J. London, Baring B. A Co. July 1, 1910
do
do
5g. J. A J.
July 1, 1937
do
do
July 1, 19S8
3«ag. J. A J.
4
A J. London, Conip'ys offlre. trredeemahl*
J. A J. N. Y.. 59 Wall A Londont June 1, 1934
A J. lyondnn. Baring B. A Co. Jan. 1, 1937
do
A. AO.
do
Apr. 20, 1904
.).
£100 Ac £1,330,000
vlUo, lo., of which 40 miles In 1892. This company has a perpetual
lease of those lines (included above) built by the Iowa City & Western,
the Cedar Rapids Iowa Falls & North Western, the Cedar Rapids A
Clinton and the Chicago Decorah & Minnesota.
Successor to the Burlington Cedar Rapids A Minnesota, foreclosed
June 22, 1876.
Iowa Cltv A Western bonds are guaranteed as to Interest and are
em
5
£4,198,125
1,000
,
,
Uonitn—ltiaet-
1881 $1,000 $1,905,000
5«- A.
A.
1884 l.OOOAo
5,313,000
s*1877 500 Ao.
150,000
7 g. J.
1890
£100 £1,140,400
6g. J.
4'9g. J.
1867
1,000
$2,232,000
4'«g. .1.
1871
1,000
1,600,000
1875
500
2,998,000 8g.A6g. .1.
7.10,000
1891
1,000
5 g- J.
50
1,258,150 Sonpref.
1,000
490,000
J.
1853
A.
1,000
497,000
6
1879
1881
1,000
500,000
a A6 J.
J.
100,000
6
1891
1,000
P.
850,000
1867 fiOO Ao.
6
1,000
3,450,000
1889
» g- J.
100 15,000,000 l>4A>az p.
1,000
13,923,600
J.
1878
M
5,349,000
5
1883 l.OOOAo
100 65,000,000
P.
2>s
'82-'83
Can. Paclfle, land mort, gold (redeem at 110)
OK OIVIDKNDB.
pul. When Dim.
Amount
per When Where Payable, and by aioekt—lmaiOutstanding Rate
Whom.
Value.
Cent. {Payable
Utvldead.
.. :
;
LNVESTORS' SUPPLEMENT.
"30
[Vot.IJV.
Subscribers will confer a great faror hy givlns Immediate notice of anjr error dlsco-rered In these Tables.
KAILROADS.
Cor explanation of column headings,
on
first
page of
&b., see notes
Miles
of
Date
Blze,
Road. Bonds
tables.
Amount
When Where Payable, and by
Outstanding Rate per Payable
Value.
Cent.
Whom.
Canadian Paeifle— (Concluded.)—
Ontario & Quebec stock guaranteed
$100
Ont. & Que. debentures, interest guaranteed
Toronto Urey <t Bruce, 1st mortgage
Cape Fear <t Yadkin Valley—Btook for $3,000,000
c*4r
1st Mortgage series A, gold
c*&r
iBt M., 8er. "B," gold (2d on 233 m.)
1st m., series C, gold (2d mort. on 225 mlles.).o*&r
Cionsoiidated inortgage$15,000 per mile,gold.c*&r
Carolina Central — Stock
1st Mortgage, gold, (Wilm.to Shelby, 240 m.)..o*
2d and Sd mortgages, goid, income, non-oumul. .r
0*&r
Carolina Cumb. Oap dt (?Aic.— Ist M., gold
Carson d Uolorado—lHt M.,Ser. "A," "B" and "C."
Carthage ,£ Adirondack— lat mort. for $800,000..
2d mortgage for $800,000
Catawiata—Pret. stock, 7 per cent. guar. P. & B. .
Mortgage bonds
Ist mortgage, assumed by Philadelphia & Read.
Cauuga d Si«g.—Stotk, 9 p. c. rental D. L. cfe
Cedar Falls <t Jftrm.— Bonds on 2d dlv. sink, fund c*
o
CtiU. Br. ¥. P.— Ist M. Atch. & P. P. BE., gold
W
.
190
338
150
75
83
328
276
240
240
25
299
43
43
97
93
"34
61
100
100
100
99
53
53
137
137
.
.
Fund Int.
(mort.) bds. (coup, held in trust) gold.c
2d mortgage (Government subsidy)
—Int. gu. by B. &g.L.c*
.c*
Central Mimsachusetis— 1st M.,
New England <t Western Ist mortgage,
General mortgage for $5,000,000, gold
Cent.
c*
—
Central Ohio Stock ($111,550 of this is preferred).
c
Consol. Ist mortgage (for $2,850,000) gold
Central Paeifle— Stock
1st M.,8er. A to I, incl., gold (2 sink, f ds) not dr'n
Ist M. 8. Joaq'n Val. Br., g. (s.f.$50,000)not drawn
Bond*— Prlnol-
INTEREST OR DIVIDENDS.
or
Par
of
1883
iido
$100
1886
1886
1886
1889
1,000
1,000
1,000
1,000
1881
1881
1882
i,6oo
1,000
1,000
1,000
1,000
1,000
'81-'88
1883
1889
£719,000
$1,972,642
1,500,000
734,000
<&o.
"so
1866 500 &c.
1,000
1865
1879
1,000
'66-7-8
1,000
1,000
1,000
1886
1889
1891 500
&c
50
1886
1,000
100
737 1865-8
146 1870
1,000
1.000
Stock*— Vast
Dividend.
& D. Montreal and London. Jtme, 1892
& D. London, Morton, Rose. Irredeemable.
& J. Toronto and London. July 26, 2882
J. & D, N.y!,' Farm! l! a'Tt'. C!o, June 1, 1916
June 1, 1916
6g. J. & D.
do
do
J. & D
do
June 1, 1916
do
Oct. 1, 1919
6g. A. 4 O.
J. &
Bait. .F'mers'&Plant.Bk July 1, 1920
1910 & 1915
SI: J. &
M. &
New York City.
Nov. 1, 1913
1911,-'13-'18
J. &
New York.
6
M. &
PhlLFldeUtylns.&o.Co, May 1, 1923
F. &
do
6
do
Feb. 1, 1925
Philadelphia Co.'s office May 19, 1892
7 per an. M. &
$2,000,000 6 per an. J.
£4,007,381
5
J.
50
1870 500
1882
pal.When Due.
4
J.
820,000
1,868,000
1,200,000
2,000,000
2,700,000
375,000
4,380,000
771,000
153,000
3,200,000
1,300,000
7
230,500
6
589,110 9 per an.
1,377,000
7
1,600,000
§«•
630,000
1,600,000
I'2,000,000
5
2,500,000
1,750,000
!«•
2,860.048
4l2g
2,500,000
67,275,500
25,883,000
6,080,000
6g.
Phlla., PJiila.& Read.Co.
do
M.
M.
A.
M.
M.
J.
M.
F.
J.
A.
&
&
&
&
&
&
&
&
&
&
do
1,
1,
1900
1903
Sept. 1.
1939
Aug.
Aug.
WaU St Jan. 2, 1892
Last paid July, 1887.
Jan. 2, 1907
N.Y.,tfn. Tr. Co. & Bost. May 1, 1895
do
do
May 1. 1895
U.S. Treas., at maturity. 1896, '97, '98
Boston Office & Int. Tr. Oct. 1, 1906
New York,
52
Sept., '90, coup, last pd,
None
1991
paid.
&
Bait., at B.
O. office.
N. Y., Union Trust Co.
N.Y., S.Pac.Co., 23 Br'd.
do
do
Jan. 30, 1892
Sept
1,
1,
Fell.
1930
1892
1895,'96,'7&'8
do
do
Oct
1,
1900
From Jan. 1 to March 31 In 1891 (3 months) gross earnings $4,655,270, cent is guaranteed on the preferred stock, of which $2,200,000 la first
preferred. The common stock is $1,159,500. par $50. In 1890-91
against $4,213,754 in 1891; net $1,437,717, against $1,163,586.
The annual report for 1891in full in the Chronicle, V. 54, p. 843, rental was $338,830. (V. 48, p. 799.)
847, showed the following (see also V. 54, p. 823)
Cayuga Sc Susquehanna.—Owns from Susquehanna River to
mies operated December 31..
Eamxngs—
Passenger
Freight
Mall, expr'ssand miscellaneous
Totaleamings
Operating expenses
Ueteamings
Perct of oper.exp.toeam'ga.
1889.
5,029
*1890.
5,568
1891.
5,678
$
$
$
4,520,741
8,852,202
1,657,717
4,774,714
10,106,644
1,671,171
5,459,789
12,665,540
2,115,767
15,030,660
9,024,601
16,552,529
10,252,828
20,241,096
12,231,436
6,006,059
60-04
6,299,700
8,009,660
6043
6194
Fixed charges
Supplementary dividends
Balance
Cliarter expires in 1899. Leased till then to
Delaware Lackawanna & Western at a rental of $54,600 a year. Dividends in 1891, Q^ per cent
Cedar Falls &. Itllnnesota.—Owns from Junction near Cedar
Falls, Iowa, to Minnesota State Line, 76 miles. Leased to Dubuque <fc
Sioux City for 40 years from January 1, 1867, at minimum rental of
$113,370 per annum. In 1887 a suit was brought to annul the lease of
this road, and in October, 1890, the United States Circuit Court decided
lease was valid. See V. 51, p. 493. Case has been appealed to the
United States Supreme Court. Interest was defaulted January, 1888.
The Dubuque & Sioux City is now controlled by the Illinois CentraL
Stock, $1,586,500, par $100.
INCOME ACCOUNT.
net earnings
Ithaca, N. Y., 34 miles.
From July 1, 1890, to December 31, 1890 (6 months), gross earnings
were $5 1,747, against $50,529 in 1889 deficit, $14,015, against
$31,964. In 1889-90 gross earnings were $27,941 deficit imder oper8,009,660 ating expenses and taxes, $39,649. J. Kennedy Tod, President, New
4,684,493 YorE (V. 51, p. 493 V. 52, p. 427.)
1891.
1889.
1890.
6,006,059
3,779,133
650,000
6,299,700
4,246,617
1,300,000
1,576,926
753,083
;
;
1,300,000
2,045,166
;
Central Braneh Union Pacific—Owns from Atchison, Kan., to
Watervllle, Kan., 100 miles ; leases Atchison Colorado & Pacific, 254
miles ; Atchison Jewell County & Western, 34 miles total operated,
388 miles. This company was formerly the Atchison & Pike's Peak RR.
and had a United States subsidy of 81,600,000. Controlled by Union
Pacific, but leased to Missouri Pacillc for 25 years from Sept., 1885;
rental, net earnings. The stock is $1,000,000 (par, $100), of which the
Union Pacific owns $874,200; accounts payable, $1,052,845 ; interest
;
*
Including
—(V. 52,
«47.)
New Brunswick Railway since September 1.
p. 570,
Cape Fear
608, 760, 776, 797; V. 54, p. 202, 587,799, 823,'843,
& Tadkln
Valley.—In operation from Wllming
ton, N. C, to Mount Airy, 248 miles; Fayettevllle, N. O to BennettflvUle, S. C, 57 miles; Factory branch, 19 miles; Madison and
Granite branches, 14 miles;
Extension to
total,
338 miles.
Virginia State line is graded. The first mortgage (trustee Farm«rs' Loan
Trust 'Company) is in three series, each series having a
first lien on one division of^ the road and a second lien on the other
two divisions tliat are subject to the mortgage. Series "A" bonds
«re a first mortgage on road from South Carolina State line to
<}reensboro. Series "B" bonds are a first mortgage on road from
^Ireensboro to Virginia State line. Series "0" bonds are a first mortigage on road from Fayettoville to Wilmington. The consolidated
mortgage is limited to $15,000 per mile, bonds for $3,054,000 being reserved to retire the series A, B
C bonds at maturity. In excess of
,
&
&
on Goverument loan accrued and unpaid, $1,853,239.
From Jan. 1 to Mar 31 (3 months), jjross earnings were $317,873 In
1892, against $146,391 In 1891; net $142,287, against deficit of $40.
In 1891 gross earnings, $894,161 net $246,073 deficit under charges,
In 1890, gross, $974,472; net $198,413. Dividends: In
$243,189.
1885, 5 per cent; in 1886, 10; In 1887, 10; none since.
Central Massachusetts.—Owns North Cambridge to Northampton, Mass., 99 miles. Formerly the Massachusetts Central, sold in foreclosure September 1, 1883. The stock is $7,367,200 (par $100), of
which $3,946,922 is preferred. Leased to Boston & Lowell for 99 years
from October 1, 1886, at a rental of 20 per cent of gross earnings up to
$1,000,000, but with a guarantee of sufficient rental to pay interest.
;
;
^,250,000, including the amount reserved, the consols can be issued New Issue of bonds proposed. (V. 53, p. 753.)
only in case the mortgage trustee, the Mercantile Trust & Deposit Co.
Central New England Sc Western.— ^5ee Map.)— Owns from
of Baltimore, deems tiie additional issue advantageous to the bond- Campbell Hall across the Hudson River at Poughkeepsle to Silvernails,
holders. North State Improvement Company, virtually the owners of 53 miles leases and controls Hartford & Conn. Western— (which see)
the road, hold the $1,868,000 consols outstanding. Stock authorized, —Hartford to Rhinecliff, 108 miles, and operates Poughkeepsle Bridge
3,000,000; outstanding, $1,972,642 (par, $100), of which on July 1, line, 3 Jfi miles; total, 164 miles.
891, the Improvement Company held $1,600,750.
A consolidaiion In 1889. In February, 1892, Philadelphia & Reading
From July 1, 1891, to Dec. 31 (6 months) gross earnings were $300,- parties purchased a controlling interest in the stock, and a receiver was
171, against $306,664 in 1890; net $106,761, against $133,335. In appointed in ihfirinteresr. Reorganization is being suooessfxUy carfear ending June 30, 1891, gross earnings were $589,829 net, $239,- ried through, this road and the Pouglikecpsie Bridge to be oimsolidated
58 obligatory interest charge, $183,240. (V. 53, p. 75*).
as the Philadelphia Reading & Now England RR. Co.— which see.
The Central New England &, Western first mortgage bonds get par In
Cape Girardeau Southwest.—See St. Louis Cape G. & F. S.
Carolina Central.— Owns fiom Wilmington, N. C, to Rutherford- the first mortgage bonds of the new company, guaranteed fc»y the Philadelpliia
& Reading, and bearing 4 per cent interest for three years, and
ton, N. C, 267 miles, and l)ranch, 9 miles; total, 276 miles. Defaull»d
in 1876 and sold in foreclosure May 31, 1880. Controlled by Seaboard thereafter 5 per cent, and $100 in Series B 5 per cent incomes. The
mortgage bonds will be exchanged at par lor Series A incomes,
feneral
'A Roanoke and Raleigh & Gaston. Stock, $1,200,000. In year ending
ee V. 54, p. 597, 800. For Poughkeepsle Bridge, see that oompany,
'June 30, 1891, gross earnings were $612,306; net, $184,831; interest,
"Miscellaneous."
under
rentals, &c., $161,447; surplus, $25,429. There are also $200,000
For the calendar year 1891 gross earnings were $643,737; net,
first mortgage 7 per cent Wilmington Railway Bridge Co. bonds, due
October 1892 to 1897, and $46,000 second mortgage 5s, due 1898-1900, $180,327, against $152,151 in 1890. (V. 52, p. 40, 498, 795 V 53,
both issues being guaranteed by the CaroUna Central, the Wll. Col. &. p. 668, 713, 714; V. 54, p. 203, 243, 287, 525, 597, 800.)
Aug. and the Wll. & Weldon roads. (V. 53, p. 718.)
Central Ohio.— Owns from BeUaire, Ohio, to Columbus, Ohio, 137
Carolina Cumberland Gap Sc Chicago.—Owns road in opera- miles. The road between Newark and Columbus (33 miles) is owned
<tion from Aiken to Edgefield, 8. CT, 24 miles, and projected to Abbeville, lointly with the Pittsburg Cincinnati & St. Louis Railroad Co. Leased
•42 miles additional. Leased from May 1, 1890, to the receiver of the to the Baltimore & Ohio till 1926, with option of renewal by the lessee
.South Carolina Railway. Rental, $18,750 per annum. There are also rental, 35 per cent of gross earnings, with minimum guaranteed rental
41375,000 second mortgage bonds. From Jan. 1 to Feb. 29, 1892 (2 of $166,000. In 1890-91 gross earnings, $1,365,563; net, $187,542,
against $309,809 in 1889-90. Dividends on common stock since 1880
tnonths), gross earnings were $6,659, against $7,507 in 1891.
have been: In 1881, 6I3; from 1882 to Jan. 1, 1892, both inclusive, 6
Carolina Midland.—Owns road in operation from Allendale, S. C, per cent yearly. (V. 52, p. 204.)
to Severn, 8. C, 55 miles, and to be extended northerly to Petersburg,
Central Va.cl&c.— (See Map of 'Southern Pa«»rt«.>—LnrB of Road.—
S. C, 17 miles. A consolidation in 1891 of the Barnwell and the
BlockviUe Alston & Newberry RR. Cos. Bonds at $12,000 per mile —Main Line— San Francisco, Cal., to Ogden, Utah (including 11 miles
vere authorized in Aiigust, 1891. From Jan. 1 to Feb. 29, 1892, leased), 883 miles; Lathrop to Goshen, 146 miles; Roseville Junction to
Oregon State Line, 296 miles other lines, 35 miles total operated and
{gross earnings were $9,602 against $13,113 in 1891.
for January 1, 1892, 1,360 miles.
Carthage dc Adirondack.— Owns from Carthage to Benson Mines, accounted
TUE CHARTER, LEASES, &c.—The Central Pacific was a consolidation
3few York. 43 miles. Stock $500,000, par $100. In 1892 sold to New (August 22, 1870) of the Central Pacific (organized October 8, 1864)
Tork Central parties. The Magnetic Ore Company guarantees the first and other railroads. This comiiany received the Government subsidy,
anortgage bonds. In year endiiig June 30, 1891, gross earnings were but interest is not payable to the Government till the bonds mature.
«105,070; net $54,857; charges, $64,851; deficit, $9,994.
The '"Thurman " act of May 8. 1878. directed that the charges for GovCata^vlBsa.- Owns from Tamanend, Pa., to Williamsport, Pa., 93 ernment transportation should be withheld, and also that the company
nlles branch. Summit Station to Silver Brook. 4 mUes total operated, should pay $1,200,000 yearly to the Govormnent for the sinking fund of
*7 miles. Leased from Noveral)er 1, 1872, for i)99 years to PUiladelphia its debt, or euougli thereof to make all the jiaymeuts equal 25 per cent
Reading. Kcutal, 30 per cent of gross earnings and $8,000 a year for of the net earnings each year. See V. 50, p. 276. January 1, 1892,
.oompany expenses. Funded del)t was assumed by lessees. There are principal due the Government amounted to $25,885,120 and the in,ai»o chattel mortgage 5s due 1900 $24,500
7 per cent construction terest to $28,952,236; par value of Beourlties in U. S.Qoremment
bonds due June 1, 1917, $62,000, and other bonds, $185,000. Seven per sinking fund was $4,047,500.
;
f
;
;
;
;
;
;
A
;
;
.
Hat, »92.]
INYESTOES' SUPPLEMENT.
at
cc
.
3S
)
;
SUPPLEMENT.
INVESTOES'
[Vol.
mv.
Snbscrlbers will confer a great favor by kItIiik Immediate notice of any error discovered In these Tables.
RAILROADS.
For explanation
column heading,
on first page of tables.
of
&o., see notes
A
&B., gold.
Pivcitic 1st mortgage, series
Pa<>illc. Government lien, gold
O. Ist M., ser. A, g. (oxte'd) ) s. f.$100,000
do
ser. B, g. (exte'd) S jTly,not drn.
Western
Western
I
&
Do
Date
of
of
Road. Bonds
'Central Paciflc—CJoneluded).—
V. 8. Ix)au (2il Ucu on ceitivin terms) gold
Western Paollic, old Issue, gold
Cal.
MUes
737
147
147
123
296
296
1st M., gold, guar., extended in 1890.
Mort. gold, 58, 1939, Id. gi-.,Kuar., s. f., not dr'n.c 1,261
Notes due land grant fund ($500,000 due yearly.)
Central Kit. it Bankiiu/ Co. of Omrgia—Btook
620
o*
General mortgage "tripartite" bonds
311
Consol. mort. for $13,000,000, gold, red. at llO.o"
Collateral trust bonds, gold, redeemable at 110 o"
....
Certs, of debt, payable at option after July, 1891
Ocean 88. Co. Ist Mortgase, gold, guaranteed...
I^nd grant
j
.
INTEREST OR DIVIDENDS.
Size, or
Amount
Rate per When Where Payably, and by
Value. Outstanding
Cent Payable
Whom.
Par
1865
1869
1869
1868
1872
1870
1889
$1,000
1,000
1872
1890
1887
1881
1890
1,000
1,000
1,000
1890
500 &c.
100
1,000
1,000
1,000
1,000
ib'o
100
1,000
Hoboken Wharf bonds
Bavannali & Atlantic 1st mortgage, assumed...
Cent. Kli. ofN. Jersey—Stocb. ($30,000,000 author.)
Bonds, secured by consolidated mortgage of 1874
Consolidated mortgage (now first mortgage) .c*
Convert, debentures, convert, into stock till 1907
Ix>ng Branch & Sea Shore, Ist mortgage, guar. c
c*
N. J. Southern Ist mortgage
N. Y. & L'g Branch 1st M., red. in 1899 at 110, g.c*
Cent.KB.of N.J., Gen.mort.for $50,000,000,g.,c4r
X/ehigh (3oal & Nav., mortgage, gold, assumed. .
Am.Dook&Imp.Co.lstM.,guar.,redeem.atll0.o'
. .
.
17
97
97
11
78
38
1872
1,000
1874
1,000
1883
1,000
1869
1,000
1879
600
1882
1,000
1887 500 &c.
1867 500 &c.
1881
1,000
Real estate bond and mortgages
Uonrf*— Prino 1pal,When Due.
Stocks — Last
Dividend.
&
&
&
J. United .States Treasury. 1895 to 1898
D. N.Y.,8.Pac.Co.,23Br'd. Dec. 1, 1895
do
July 1, 1899
J.
do
Various United States Treasury. 1895 & 1899
6
J. & J. N.Y., S.Pac.Co., 23 Br'd. Jan. 1, 1918
5
J. & J. N.Y.,S.Pac.Co.&London Jan. 1, 1918
do
do
Oct 1, 1900
if: A. & O.
A. & O. N. Y. & San Francisco. Apr. 1, 1939
New York.
Octl,'92to'95
3Ja
3. & D. N.Y.,8oc.& Tr.Co.&Sav,
Dec., 1891
J. & J. N. Y., Security & Tr. Co. Jan. 1, 1893
7
A. & O,
do
do
Apr. 1, 1937
do
do
May 1, 1937
!«• M. & N.
J. & J.
Savannah, Ga.
After July, '91
J. & J N. Y., Security & Tr. Co. JiUy 1, 1920
$25,883,000
111,000
2,624,000
1,970,000
5,982,000
4,358,000
3,550,000
11,000,000
2,000,000
7,500,000
4,999,000
7,000,000
4,880,000
4,600,000
1,000,000
315,000
250,000
22,465,000
1,167,000
3,836,000
497,000
197,000
411,000
1,500,000
34,960,000
2,310,000
4,987,000
232,811
6g.
6
6
J.
J.
J.
g.
g.
g.
g.
I'-
M. & 8.
Q.-F.
M. & N.
Q.-J.
M. & N.
5
1%
7
7
6
& D.
& J.
& D.
See rem,
I' J. & D.
J. & J.
7
J.
J.
J.
6
Various
5
do
do
Savannah, Ga.
1892 to 1898
Mch. 1, 1920
May 2, 1892
West & Liberty Sts. J Nov. 1, 1902
do
do
July 1, 1899
do
May 1, 1908
do
do
do
Deo. 1, 1899
do
do
July 15, 1899
do
do
Deo. 1, 1931
do
July 1, 1987
do
Fhila., Leh.C.& Nav. Co. Dec. 15, 1897
N. Y., Cent. RR. of N. J. JiUy 1, 1921
Various datea
do
do
5
(
N. Y., Oflloe,
comer
Fiscal year ends June 30. Report for 1890-91, in V. 54, p. 32, gave
In March, 1885, the (Jeutral Pacific lines were leased to the Southern
Company. The Central Pacific receives all its net surplus net earnings for 11 months only, mi to the date of lease.
of
annual
ch.irges
every
sort
and
betterments,
this
The
result of the operations of the entire system, embracing an averIncome above
and
net surplus income is guaranteed to be not less than $1,360,000 yearly, age of 1,666 miles (including the steamships), for the eleven months
to
the
dividends.
payment of
ending May 31, 1891, are given below, the figures of the corresponding
this sum being applicable
Stock and Bonus— Dividends: In 1877, 8 per cent; 1880,6; 1881, periods for two previous years being also given tor comparison:
« 1882, 6 1883 6 1884, 3 1888, 2 1889, 2 In 1890, 2 in 1891,
11 M08.,'89.
11 Mo3.,'90.
11 Mos.,91.
2; In 1892, Feb., 1 per cent;
Av.M., 1,511. Av.M., 1,570. Av.M., 1,666.
July 1 to May 31.
The sinking funds are invested mainly in the bonds of other tribu- Gross receipts
$7,167,468
$8,122,603
$8,644,793
tary lines and accmuulate the bonds are not called in. The sinking Exp., taxes and betterments.. 4,821,595
5,931,815
6,416,271
funds amounted January 1, 1892, to $8,979,391. The 5 per cent mortgage bonds of 1889 are guaranteed principal and interest by the SouthNetinoome
$2,345,872
$2,190,788
$2,228,522
ern Pacific Company; the mortgage is for $16,000,000, the Metropolitan Trustee, of N. Y. being trustee. (V. 49, p. 340.) There are still out- -(V. 52 p. 462, 761, 862, 939; V. 53, p. 674, 713; V. 54, p. 34, 33, 78,
443,485,525,560,844.)
etanding $56,000 6 per cents (interest A. & O.), due Oct. 1, 1936.
The land giant bonds duo October 1, 1890, were extended tUl October
Central RR. of Neiv Jersey.— f See lfo/>;—Operates 662 miles of
1, 1900, at 5 per cent and stamped with the Southern Pacific Company's railroad, of which 156 miles are owned, the remainder being mostly proguaranty of principal and interest. The Cal. & Oregon Ist bonds Series, prietary lines or operated under 99l)-year leases. In addition owns ler
*B," due Jan. 1, 1892, -were extended to Jan. 1, 1918. V. 53, p. 639.
ries and steamer lines, 21 miles; in all 681 miles.
The Land Grant.—The total land granted the Central Pacific and the
The principal leased line is the Lehigh & Susquehanna with branches,
California & Oregon companies was about 12,000,000 acres, of which 237 miles. (See Lehigh Coal & Nav. Co.) The capital stock of the N. Y.
about 2,812,000 aeros had been sold to December 31, 1891. Sales in & Long Branch RR. and the New Jersey South'n RR. are owned by the
1891, 71,313 acres for $290,103. Land contracts on hand January 1, Cent, of New Jersey, and their bonds are Included in its debt A m^or1892, $1,187,802; cash, $366,562; notes of Cent Pac. BR., $2,000,000. ity of the Lehigh & Wilkesbarre Coal Co.'s stock and $6,116,000 of Its
Operations, Finance^, &c.— First dividend under the lease was paid consolidated 7 per cent bonds are also held by Central of New Jersey
February 1, 1888, and dividends have been paid regularly since at rate and receive Interest if earned. The entire stock of the American Dock
& Improvement Co. is also owned.
of 2 per cent yearly.
Organization, Etc.— Chartered in 1849. From May, 1873, to JanuFrom March 1 to March 31, 1892 (1 month), gross earnings were
<1, 109,597, against $1,246,986 in 1891; net, $442,559, agst. $553,760. 1, 1887, leased to Philadelphia &Readlng. Receivers were in possesIn 1891 gross earnings $16,629,104 (against $15,937,004 in 1890); sion from January 1, 1887, till January, 1888, when the road went back
net, $7,417,354, against $6,061,086 in 1890; not profit under the lease, to its owners. 'The terms of reorganization, etc., were given in the
#2,144,425, against $999,223 in 1890; other income, $8,400; dividends Chronicle V. 44, p. 714, 716. Dividends wore resumed August, 1889,
paid (2 per cent), $1,345,510; surplus, $807,315; Thurman Act requii-e- and increased to 1% quarterlyin August, 1891.
In February, 1892, a union of leading interests In the anthracite coal
ment for former years, $334,754. Land sales used for redemption of
land bonds, $352,771. Total surplus income to January 1, 1892, trade was eliected, this property being leased to the Philadelphia &
Reading
(more correctly to the Port Reading RR., In the Interest of
^,407,858. (V. 52, p. 126, 794; V. 53, p. 604, 639.)
the Reading) for 999 years from January 1, 1892. The Port ReadCentral Railroad dc Banking Company of Georgia.— ing guarantees 7 per cent on the stock, and will give the Central of New
Owns from Savannah, Ga., to Atlanta, Ga., 294 miles; branch, Jersey one-half its surplus earnings above the guaranteed dividends up
dordon to MiUedgeville, 17 miles Savannah to Tybee Island, 18 to 10 per cent, after which all remaining profits belong to the lessee.
miles; leases in perpetuity— Augusta & Savannah Railroad, 53 miles; Performance of the covenants of the lease is guaranteed by the PhilaEatonton Branch Railroad, 22 miles; Southwestern Railroad and delphia & Reading RR. Co., and is further secured by a deposit of
tranches, 333 miles leases till 1985 Mobile & Girard Railroad and ex- bonds in trust. In addition thereto, the Central Now Jersey Company
tension, 135 miles controls by ownershij) of stock— Savannah & West. will continue to receive income from certain real estate and other
KR., 628 miles; total operated and practically owned June 30, '91, 1,580 properties not included in the lease.
mUes. Auxiliary system (the earnings of which are reported separIn both the lease and traffic contracts every safeguard it Is said has
ately) includes. Western Railroad of Alabama, 138 miles; Georgia been provided for the preservation and development of the property.
Railroad, 314 miles; Port Royal & Augusta, 112 miles; Atlanta & West The independent organization of the Central Railroad Company will
Point, 87 miles Port Royal & Western Carolina, 229 miles; Wiights- be maintained to discharge its obligations directly to the stockholders
vllle & TennUle RR., 35 miles
Upson Co. RR., 16 niUes; Macon & and bondholders, as well as to see that the provisions of the agreement
Mo, RR., 105 miles; Gainesville Jolf & So. RR.'65 miles embracing are observed and the maximum rentals thereby secured. See V. 54, p.
in aU 1,094 nules. Grand total March 1, 1892, 2,682 mUes. Also 288, 329, 6S5 also see Philadelphia & Reading.
Ocean SS. Co., estimated as equivalent to 300 miles of railroad.
Stock and Bonds.— The capital stock authorized Is $30,000,000.
From June 1, 1891, this property, except the banking house, was
Dividends since 1882 In 1883, l^s per cent; in 1884, 413; in 1889, 3;
leased for 99 years to the Georgia Pacific Railroad Company (which in In 1890, 6; in 1891, 613:1 in 1892, February, l%;May, 1%.
turn is leased to the Richmond & Danville), the rental being 7 per cent
Price of stock in 1883, 68J4®90; in 1884, 37i3®90; In 1885, 31'a52;
yearly on the stock. See. V. 52, p. 462, 862.
In 1886, 42'4®64; in 1887, 55i8®86i4; in 1888, 73i3»95i4; In 1889,
In March, 1892, certain stockholders brought suit to annul this 923i®131; In 1890, 90a>128i3; tn 1891, 105i4®122%; In 1892, to May
lease, and in April, 1892, the U. S. Circuit Court at Macon decided that 20 inclusive, llli3®145.
the Terminal Company as a competing interest had no right to vote
Of the general mortgage of 1887 (see abstract of mortgage V. 45, p.
upon the $4,220,000 stock which it holds, and appointed receivers, who 402) $8,635,100 are reserved for other Issues. Interest on the general
held oflicc till the other stockholders on May 16, 1892, elected a new mortgage coupon bonds is payable J. <bJ., on the registered bonds
board of directors. After the receivership the road wiE be managed, Q. J. Trustee of consolidated and general mortgages is the Central
as before the lease, by Its own board of directors. See V. 54, p. 443. "iTust Company of New York.
860, 844.
Earnings, Finances, Ac— The earning capacity of this company has
The stock of this company is controlled by the Richmond & West Increased rapidly since the reorganization in 1888 and the alUance In
Point Terminal, through its ownership of the Georgia Company, which 1892 with the Reading is expected to develop still further the com«ee. V. 47, p. 499.
pany's business and the profits therefrom.
Pacific
;
;
;
;
;
;
;
;
:
;
;
;
;
;
;
;
:
—
Floating debt November 1, 1891, was adjusted by a loan of $3,500,OOO for one year made by a syndicate on pledge of $7,000,000 of the
oonsolidated 5 per cent bonds. See 53, p. 674.
The company guarantees the following
Chattanooga Rome <fe
Oolumbus first mortgage 58, $2,240,000; Cohunbus & Rome
and Columbus it Western Ist 6s, $1,000,000; Macon &
Northern 1st 4128, $2,200,000 (Jointly with Richmond & Danville)
3Iobile & Girard 1st mortgage, $1,000,000; Montgomery & EufaiUa 1st
«8, $1,500,000; Port Royal cfe Augusta 2d mortgage 6s, $112,000;
Savannah & Western 1st consol. 5.s, $7,755,000; Western of Alabama
lst4iiis, $1,513,000 (Jointly with Georgia RR. & Banking Company),
fiee also statement for each of above companies.
Car trusts and locomotive notes June 30, 1891, $1,439,389.
Dividends since 1881— In 1882,8 per cent; in 1883, 7ia; in 1884,
513 in 1885. 4 in 1886, 6 from 1887 to December, 1890, both inclueive, at rate of 8 per cent per annum in June, 1891, 312; in Dec . 313.
In 1881 the Georgia RR. was leased for 90 years in the interest of
this company and the I>ouisville & Nashville, which operate it on
Joint account Owns,Jointly with the Georgia RR. Co., the Western RR. of
Alabama, 138 miles. For abstract of collateral trust mortgage of 1887
<Central Trust Co. of New York, trustee), see V. 45, p. 242. The oon•oUdated mortgage was authorized In 1890; see abstract, V. 51, p. 571,
The report
for 1891, in full,
;
In V. 54, p. 681, 684.
(See also
EABNINGS AND EXFENSEB.
:
;
was
editorial, V. 54, p. 667.)
1889.
Earnings—
Passenger and freight
Anthracite coal
$
1890.
$
1891.
$
5,899,119
7,344,539
253,736
7,051,524
6,725,696
349,343
7,257,533
7,026,290
369,864
Total gross earnings
13,497,394
Operating expenses and taxes.. 7,531,737
14,126,563
8,161,276
14,653,687
8,526,168
5,965.287
6,127,519
Mail, express, etc
Net earnings
5,965,657
INCOME account.
;
1889.
;
Receipts—
Neteamings
Income from Investments
Premium aecount
Total net income
$
1890.
$
1891.
$
5,965,658
799,238
5,965,288
837,293
322,753
6,127,519
844,628
52,648
6,764,896
7,125,334
7,024,795
I
"
May,
ElmwooS
fitee City/
^^
MilU \
STOCKS AND BONDS.
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MAP OF THE
CENTRALIA & CHESTER
'''"^f.^^city^^^^. RAILROAD COMPANY
:Ea8t
\Calro
"^
Padi
J
INVESTORS' SUPPLEMENT.
94
[Vol. LIV.
Immediate notice of any error discovered In these Tables.
Bonds — PrlnolINTEREST OR DIVIDENDS.
MUes Date Size, or
Due.
Amount Bate per When Where Payable, and by pal.When
Par Outstanding
of
of
Stocks— Lost
Subscriber!* \rlU confer a great favor by giving;
KAILR0AD8.
Far explanation of column headings,
on first page of tables.
&c., see notes
Road. Bonds
o
Central of South Carolina— 1st mortgage, gold
Central of rernion<— Coimolidated RR. of Vt. Ist M.
Oentralia <£ Cliesler—lat M. for $1,080,000, gold
Char. C.<e O/iic— Ser.I,$l,r)0O,OO0,red.aft.'96,atl03
Series II, ecu. mort., for $35,000 p.m
Old Ist M., gold, ($25,000 p. m.) to be rctlfed ..c*
Charleston d- Savannah— l^cw. M. ($l,500,000).g..c'
Ist and 2d iiref. inc., $1,000,000 eiuli, uou-oum..
<7AaW<w(0(iSi(m(cr <f .VoWA.— lstM.,$15,OOOp.m.,g.o
Oharlotte Columbia <£ ^ iM/«»(a—Stock
Ist mortgage consolidated
2d mortgage
Conaol. mort., gold, for $3,000,000, see remarks.o
o
0*<w-/iei«— l8t mortgage
Chalt. Home d: Col.—Skk 8av.\nnaii & Westekn.—
ahalUmooya South' n— lit M. ($15,000 p. m.) gold.C"
Ohaltaiiooga Union Union Railway niortEages ..
c*
Cliat. Un. consol, mort. for $600,000, gold
—
40
185
175
121
121
138
191
191
"23
96
Value.
Cent.
1881 $1,000
1883 100 &o.
1889
1,000
1891
1891
1887
1,000
1886
1,000
1886
1,000
1890
1,000
100
1869 500 &.O.
1872
1,000
1883
1,000
1871
1,000
$300,000
7,000,000
1889
1,440,000
85-'87
1888
1,000
1,000
1,000
Union Depot bonds
JV(mA.— lstM.,$25,OOOp.m.,g.,s.f.,notd'rn.o*
Chesapeake it O/iio—Purch. money funding, gold.o*
^A<!».<e
1st
Ist
Ist
1st
c'
mortgage, gold, series "A"
mortgage, gold, of 1911, Peninsular Extens.o*
mort., gold, of 1922, on ext. (for$3,000,000)o*
consol. mortgage for $30,000,000, gold c"&r
Eicli.
. .
& All
Do
Do 2d
Div. 1st consol. M., gold, (Seerem.j.c"
do
gold
do
consolidated mortgage, gold
Craig Valley branch Ist M., gold
Warm Bpriugs Branch Ist mortgage, gold
General mortgage (for $70,000,00i0), gold
Equipment trust bonds, gold
Allegneny Car Trust, Serleg A,
,...c'
o*
0*
c*
o*
B and C
35
428
503
75
8
655
256
256
256
26
22
985
1887
1,000
1878
1,000
1878
1,000
1881
1,000
1882 500 &0.
1889
1,000
1,000
1890
1890
1,000
1890
1,000
1,000
1890
1890
1,000
1892
1,000
Var.
1,000
(»)
%'
(1)
(»)
7,345,000
1,236,000
2,000,000
2,070,000
2,578,000
2,000,000
500,000
500,000
500,000
5
Payable
WTiom.
&
&
&
N. Y., Cuyler, Morgan.
Boston, Am. L. & Tr. Co.
N. Y., Farm. L. & Tr. Co.
J.
J.
J.
semi-an.
seml-an.
Dividend.
7
7
g.
J.
<t
7
J.
A.
6g.
J.
7
A.
200,000
400,000
!«•
6g.
1.50,000
6
J.
J.
J.
J.
5g.
F.
&,
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
J.
6g. A.
6g. A.
6g. J.
5
g.
M.
2-4'g. J.
4
g.
J.
& O
& J.
& O.
& J
& O
eg. A.
J.
J.
3.
5 g.
5 g. M.
4>sg. M.
1, 1921
June 30, 1913
July 1, 1919
July
1901
1941
1, 1947
N. Y.,12 W.23 & Cha'sfn Jan. 1, 1936
Oct., 1890, last paid.
7
875,000
2,287,000
2,033,729
2,000,000
142.000
22,540,000
5,000,000
1,000,000
1,000,000
650,000
400,000
14,648.100
362,000
286,000
J.
J.
J.
July
Irredeemable.
Apr. 2, 1910
N. Y., Fourth Nat. Bank, June 1, 1889
do
Jan. 1, 1895
do
do
do
do
do
Oct
July
Philadelphia, Penn.
RR.
Oct.
1910
1933
1901
1,
1,
1,
D. June,'90,coup. last paid Deo. 1, 1919
J. N. Y., Farm. L. & Tr. Co. J'y,'05-Jan.'07
3.
J.
do
do
do
do
July
1918
1,
1920
A. N. Y. OBicc, Mills Bldg. Aug. 15, 1937
J. N. Y.,Droxel,Morg.<St Co. JiUy 1, 1898
O.
O.
D.
N.
J.
3.
3.
3.
8.
S.
Various
Various
do
do
do
do
do
do
do
do
do
do
do
do
July
do
do
do
do
do
do
do
do
do
do
do
do
Jan.
June
May
Jan.
Jan.
Jan.
July
{Mch.
Mch.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1908
1911
1922
1939
1989
1989
1989
1940
1941
1992
Various.
1891.
under name of Savannah & Charleston, and opened March, 1870. Sold
$1,897,771 in foreclosure June 7, 1880, and present company organized. Stock,
2,739,579' $500,000. Fiscal year changed to end June 30. From Jmi. 1 to March
(4is)835,719 (6)1,117,092 (6i2)l,455,431 31, 1892 (3 months), gross earnings were $197,778, against $238,887
ilMvidonds
in 1891. In calendar year 1891. gross earnings were $719,377; net,
$6,092,781 $202,496; surplus over charges, .$62,108, out of which was paid 6 per
Total disbursements
$5,554,732 $5,735,055
$932,014 cent on first preferred incoines. See V. 54, p. 405. In 1890 gross
SBalance, surplus
$1,210,164 $1,390,279
surplus over charges, $63,152. Paid 1 "2 per cent on first
—<V. 52, p. 222, 236, 240, 278, 761, 862 V. 54, p. 288, 404, 66T, $682,740;
incomes in 1889, 2 per cent in 1890, 6 in 1891, 6 in 1892. H. B. Plant,
«8I, 684.)
President, New York. (V. 52, p. 590; V. 54, p. 405.)
Central of South Carolina.— Owns from Lane, S. C, to Sumter,
Northern.—Operates from Pregnalls,
Charleston Sumter
8. C, 40 miles. Leased to the Northeastern and the Wilmington Colmnbia & Augusta RR. oompaulea jointly; rental $31,000 yearly. Stock 8. C, to Bennctflville, 8. C, 120 miles, and branches, 18 miles. Completed
July
6,1891.
Connects
at BennetsvHle with the Cape Fear &
9170,000, par $50. In year ending June 30, 1891, gross earnings,
$104,247; net, $38,758; rental, $31,000; balance to lessees, one-half Yadkin Valley. Formerly the Eutawville RR. Receiver appomted Jan.,
progiess.
Mortgage trustee is Atlantic Trust
1892.
Reorganization
in
each, $7,758.
Co. of N. Y. Stock authorized $12,000 per mile; outstanding. $1,380,Central Vermont.—This company operates under lease the 000; par, .$100. From January 1 to April 30, 1892 (4 months), gross
following roads: Consolidated RR. of Vermont^Wliidsor to Rouse's earnings were $32,484, against $36,579 in 1891. In year 1891 gross
Point, 158 miles; Essex .Junction to Burlington, 8 miles; Swantou Junc- earnings were $137,<>04; net over operating espenses, $5,688. New
tion to Province, 11 miles; Rutland BR.— Bellows Falls to Burlington, York offlce, 52 Wall Street. (V. 51, p. 239; 54, p. 158, 403, 525.)
120 miles; Addison RR.— Leicestor Juuctiou to Ticonderoga, 15 miles;
Montreal & Vermont Junction— Province Line to St. Johns, 23 miles;
Charlotte Columbia Sc Augusta.—Owns from Charlotte, N. C.
8. 8. & Charably RR.— 8. S. &C. Junction to Waterloo, 43 miles; Ogdeus- to Augusta, Ga., 191 miles; leases Atlantic Tennessee & Ohio Ball
burg & Lake Champlain BR.— Rouse's Point to Ogdcusburg, 118 miles; road, Cliarlotte to Statesville, 44 miles Cheraw & Chester, 29 milesNew Ijondon & Northern RR. Brattleboro to New Loudon, 121 miles; and Chester <& Lenoir, 109 miles; total operated (including 10 miles of
Brattloboro & Whitehall RR., 36 miles; Monti)elicr & White River RR. Western North Carolina), 373 miles. Controlled by Richmond & Dan13 miles; Burlington & Lamoille RR., similes; MlssLssquoi Valley RR. ville since 1878, and in May, 1886, leased to that company for net
—St. Alb.aus to Richtord, Vt., 28 miles; total, 731 miles, of which 100 earnings. In ease of any deficiency in net earnings to pay fixed charges
miles. New Loudon toMill.ars' Falls have earnings reported separately. the lessee may advance the funds, such advances to be secured to
The Central of Vermont was organized hi April, 1873, under a charter it by a mortgage lien inferior only to that of existing mortgages. The
'from Vermont. It had no road of its own, but operated above mileage $500,000 consols outstanding are guaranteed as to principal and inter.under lease. The Consolidated Railroad of Vermont was organized July est by indorsement by the Richmond & Danville $2,500,000 of this
1, 1884, embracing the former Vermont Central and Vermont & Canada issue Is reserved to retire prior issues at maturity. Of the stock $1,properties, and was tlien leased to the Central Vermont. The stock of 300,000 was deposited by Richmond & West Point Terminal under Ita
•the Consolidated Vermont is $750,000 preferred 6 per cent and $300,- collateral trust deed of 1889. Dividends in 1888, 4 per cent; in 1889,2.
•OOO common. The stock of the Central Vermont is $1,000,000. ComIn March, 1892, security holders were asked to deposit their securi%Qaay owns $1,612,500 stock of the Ogdensburg & Lake Champlain RR. ties unier the Richmond Terminal reorganization plan. See V. 54, p.
la September, 1888, leased the Missisquoi Valley Railroad at 4 per cent 487.
on $a00,000 stock, payable January 1 and July 1. The lease of the In year ending June 30, 1891, gross earnings were $992,748; net,
Butlaud Railroad to the Central Vermont was extended for 999 years $342,643; surplus above charges, $36,912. In 1 889-90 gross $912,560;
ifrom December 31, 1890. On December 9, 1891, a consolidation of net, $255,497; def. after Interest and rentals, $12,690. (V. 53, p. 843.)
Central Vermont with other roads and lease of New London Northern
Chartlers.—Owns from Mansfield, Pa., to Washington, Pa., 23 miles.
was voted (V. 53, p. 880), and a blanket mortgage of $20,000,000 4 per Sold under foreclosure and reorganized in 1867. leased for 99 years
cent bonds authorized, of which $15,(X)0,000 were to take up prior from January 1, 1872, to the Pittsburg Cincinnati A St. Louis (now
obligations as they mature, including atiout $1,000,000 of floating debt. Pittsburg Cincinnati Chicago & St. Louis); the rental is neteomlngs.
In 1889-90, on 631 miles, gross, $5,245,135; net, $1,609,107 charges, In 1891 gross $273,091; net, $125,155; surplus over fixed charges $73,»eto.. $1,400,041; extraordinary expenditure $204,000; balance, $5,066
578; dividends (7% per cent), $48,397; biilance, $25,182. Capital
—(V. 47, p. 459; V. 49, p. 663: V. 51, p. 680, TlS V. 53, p. 712, 880.) stock. $645,300 (par $50) of which the Pennsylvania Railroad owns
Centralla Sc Che»ter.—CSe« Jfap.;— Chartered to build from Ches' $333,850. Dividends since 1880 as follows: 1881 to 1886, inclusive,
4er, 111., to Altamont, HI., with branch to a point opposite St. Genevieve' nil; 1887, 1888 and 1889, 5 percent; inl890,5i2; inl891,7>s; in 1892,
^Total distance, 140 miles, including siding. Road completed and in April, 4.
<oi)eration between Sparta and Nashville, 25 miles, and graded between
Chattanooga
& Columbus.- See Savannah <Sc Western.
lafashvilie and Centralia, 20 miles. At Centralla connection will be
Chattanooga Southern.— Completed in June, 1891, from Chatissade with the Illinois Central. Steel rails on hand and road to be tanooga, Tenn., via. Alpine, Ga., to Gadsden, Ala., 86 miles, with
cs<miplotod and in operation to Centralla in 1892. Bonds author- branches, 10 miles. In February, 1892, a receiver was appointed, and
'iied, $12,000 per mile, covering roadbed, equiiiment and tenuinal facilIn March a reorganization plan was adopted. V. 54, p. 485. The
ities; stock Issued and subscribed for like amount. The road Is standard
mortgage Is for $2,000,000, but limited in issue to $15,000 per mile of
n^uge and is being laid with 56-pound steel rails.
completed road. Stock authorized ($15,000 per mile). $2,000,000 outCharlexton Cincinnati &. Chicago.— Projected from Charles- standiuir, $1,440,000. (V. 52, p. 973 V. 54, p. 287, 485.)
ton, 8. C, to Ashland, on the Ohio River, of which 175 miles
Chattanooga Union. —Owns 43 miles of belt railroad in Chattabetween Camden, 8. C, and Marion, N. C, is now in operation, forming nooga, Tciiii., connecting tlie ten lines enteringtliat city. In September,
a through line, in connection with tlie South Carolina RR.. 290 miles 1891, East Tcnuessco Virginia & Georgia parties bought $310,000 of
in length, between Charleston. 8. C, and Rutherfordton, N.C. Local aid
the $1,000,000 stock. From Jan. 1 to Sept. 30, 1891 (9 mouths), gross
to the amount of about $1,500,000 was secured In exchange for an earnings were $74,860, against $86,570 in 1890; net, $22,099, against
equal amount of stock. In February, 1891, receivers were appointed. $33,789. (V. 53, p. 407.)
See V. 54, p. 485. In May, 1892, the 75 miles of the road lying in
Nashville.— Road owned from Gallatin to Seotts
Chesapeake
Tennessee were sold to satisfy a debt, and purchased by the reorganizavllle, Tenn., 35 miles, and In'anch, Gallatin to HartavlUe, 12 miles, in
tion committee. (V. 54, p. 799.)
December
On
8, 1890, Gen. John Echols was appointed reprogress.
In April, 1892, the reorganization plan of June 18, 1891, was adoi)ted
In year
(see V. 54, p. 683), under which the oldjbonds will be retired and two ceiver. See V. 51, p. 829. Stock. $1,050,000; par, $100.
were
earniugs
$19,876; net, $10,102; taxes, etc., $8,439;
1889-90
gross
aeries of new bonds will be executed. Series I for $4,500,000 will be a
^prlor lien on the property, and will be issued at $12,000 per mile, to be balance, surplus, $1,662.
used for completing ro.ad, &c.
Ohio.— ("See MHp.j—Ovma Old Point Comfort, Va.>
Chesapeake
The second series will bo consolidated 5 per cent bonds issued at via Newport News and Charlottesville, to Big Sandy River, West Virthe rate of $35,000 a mile, aggregating about $13,000,000. Of these, ginia, 511 miles; Richmond to Clifton Forge, Va., 230 miles; also holds
$7,345,(K)0 will be useil to excliauge lor the present bonds, bond for the ownersliip (tluough all the bonds and the bulk of the stock) of the
bond, and sulficlent reserved to retire the tirst series. See V. line from Ashland, Ky., to Covington and the bridge between Covingtogether with various branches, the whole on
52, p. 973. Receivers' certitlcates for $230,897 to pay claims on ton and Cincinnati
equipment were authorized In Aug, 1891. Stock, $6,567,000; par value, March 1, 1892, aggi'cgatin^ 985 miles of ownership; also has lease
$100. From January 1 to March 31, 1892 (3 months), gross earniugs hold and trackage rights for reacliiug Washington, etc.
were $40,839, against $39,637 in 1891; net. $1,371. In year 1891
The company has also acquired the j;iizabethtown Lexington & Big
gross earnings were $162,200; deficit under operating expenses, Sandy (which see) tlie Oliio <fe Big Sandy RR. and the Kentucky & South
;.$21,334.
In 1890 gross, $137,048. General ottices of the company, Atlantic RR., 203 miles (of which 21 miles leased and 23 narrow gauge),
45 Broadway, N. Y. (V. 52, p. 203, 349, 680, 795, 862, 073; V. 53, p. paying tlierefore bv the Issue of about $5,230,000 of the new 41.2 per
i56, 186; V. 54, p. 287, 485, 683, 799.)
cents and about $2,000,000 C. & O. conimou stock. See V. 54, p. 642.
Charleston
Savannah.—Owns from Savannah, Ga., to Charles" Organization, Ac—The former Chesapeake & Ohio was sold In fore
instou Junction, 8. C, 104 miles (except7 miles trackage), and branch to closure April 2, 1878, and tills company organized. In 1888. under
Youngs, leased, 6 miles; operates— Ashley River branches, &c., 8 miles; the direction of Drexel, Morgan & Co., the company was again reorCharleston Junction to Charleston, 7 miles total operated, 125 miles. ganized witlmut foreclosure, and the road extended to Cincinnati. The
This was first the Charleston & Savannah RB.; reorganized In 1866 consolidation with the Richmond &. Allegheny was consummated in
IHibursementi—
Sentalspaid
Interest on debt
1890.
$1,819,815
2,798,148
1889.
$1,890,381
2,828,632
I
I
;
&
;
—
;
;
,
Rome
;
;
&
&
;
&
;
.
RAILROAD STOCKS AND BONDS.
Kat, 1W8.]
38
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ANNAPOLIS
/ashiKoton
MAP OP THK
CENTRAL RAILROAD
NEW JERSEY
AND CONNECTIOXS.
:
.
INVESTORS' StJPPLEMENT.
fi«
SubacrlberH
urlll
coUimu headings,
on ttrtit page of tabled.
For explanation
Chesapeake
d-
of
Ohio.
rvoi_
uv.
confer a great favor by giving Immediate notice of any error discovered In these Tables.
KAILEOAD8.
,
)
;
&c., see notes
Miles
Date
of
of
Size,
or
Par
Road. Bonds
Amount
Bo7idx
INTEREST OR DIVIDENDS.
When
Whom.
Cent. lPayable|
Rate per
Value.
—Princi-
pal, When
Due.
Stocfc*— Last
1
Dividend.
— (Concluded.)—
Eqiupment notes
Elevator Co. Ist M., Kold.p. & i. guar, by C. & O.o*
2d mortgage, for $500,000, income, non-cum.o*
ItAi^. Ohio t£ J^'outhwestern.—
Paduc. &Eliz.,l8tM.,s. f., dr'n at 100($300,000 8»)
c*
1st moitgaxe, gold ($19,000 per mile)
c*
2d mortgage ($11,000 per mile)
o*
Equipment trust bonds, not drawn
t
I
I
'
iOhteago A ^Wo»i— Common stock
Preferred stock (7 per cent yearly not cumulative)
l8t mortgage
General mortgage, sterling, for £900,000
S.f.bouds (K.C.8t.L.&C.lstM.collat.),gold,notdr'n
iPref. stock Kansas City St. L. & C, guaranteed.
Joliet & Cbic, 7 p.c. stock, perpct.guar. by C.&A.
St. Louis .Taeksonville & Chic., Ist M., assumed..
r
ist mortgage, endorsed by Chicago & Alton
,
2d mortgage, endorsed by Chicago & Alton
2d mortgage, assumed (convertible)
Louisiana & Mo., guaranteed preferred stock
Ist mort. ($439,000 assumed by Clilc. & Alton)
2d mort. (interest guaranteed Chicago & Alton)
Miss. River Bridge, stock (7 perct. guar. (C.&A).Ist mort., gold, assumed, sink, fund, dr'n at ICK).
tOhicago Burl, it Northern— IstM., n.t.,veA. at 105 .c*
2d M. ($10,000 p. m.) red. after May 31, 1898- .e*
c
Ten-year debentures
Equip. M.,red. at 105; after'93 lOp.o.dr.y'lylOO.c
r
'
-
186
352
352
1888
1888
$1,000
1,000
1877
1881
1881
1882
1,000
1,000
1,000
1,000
100
100
220
322
162
162
1862
1873
1878
100
100
38
150
37
37
150
101
101
101
363
363
•
1,000
1,000
1,000
1864
1864
1868
1868
1,000
1,000
1,000
1,000
100
1870
1877
1,000
1,000
1877
i',6bo
1886 500 &c.
1888
1,000
1886
1,000
1888
1,000
6
$1,092,812
820,000
315,000
4
g.
4
6&8
500,000
6,176,000
6g.
6
3.865,000
6
617,000
2
14,115,000
2
3,479,500
7
2,383,000
4,379,850
6 g.
2,075,000
6g.
1,750,000 6 per an.
1,500,000 7 per an.
7
2,365.000
7
564,000
188,000
7
42,000
7
329,100
31a
7
1,785,000
300,000
7
300,000
31a
600,000
6 g.
5
0,616,000
6
2,215,000
6
935,000
7
940,000
Various N. Y., Drexel,Morg.&Co.
& O.
do
do
A.
Oct.
F.
F.
F.
J.
1.
&
&
&
&
A.
A.
A.
&
&
&
N. Y.,Cuyler,M()rg.&Co.
Lond'n.J.S.Morgan&Cio.
N. N. Y., Cuyler,Morg.&Co.
J.
Q.— M.
Q.-M.
J.
J.
N. Y., 23 Broad
S
\
&Co
A.
A.
J.
J.
F.
F.
M.
J.
A.
A.
J.
J.
F.
&
&
&
&
&
&
&
&
&
&
&
&
&
(StChic.Tr.OfHce
J
J.
J.
«
St.
St.
do
do
do
do
do
do
N.Y.,CuyIer,Morg'n
do
do
N. Y., U.S. Trustee.
O. N.Y.,Ci»ylcr,Morg.&(3o
0.
do
do
do
do
do
do
do
J.
J.
A.
A.
N.
do
do
do
do
do
J. Chic, Treasurer's Office
O. N.Y.,Cuyler.Morg.& Co.
O. N.Y., F.L.&T.Co.&Bost.
do
do
do
do
do
do
D.
D.
A.
Various.
Oct.
Oct.
1,
1,
1938
1988
Feb. 1, 1897
Aug. 1, 1911
Aug. 1, 1911
Yearly to 1892
June 1, 1892
June 1, 1892
Jan. 1, 1893
July 1, 1903
May 1, 1903
May 1, 1892
Apr., 1892
Apr. 1, 1894
Apr. 1, 1894
July 1, 1898
July 1, 1898
Feb. 1, 1892
Aug. 1, 1900
Nov. 1, 1900
Jan., 1892
Oct. 1, 1912
Apr. 1, 1926
June 1, 1918
Deo. 1, 1896
Feb. 1, 1903
to the Newport News & Mississippi Valley Co. for fifty years, rental to
January, 1890. Until January 1, 1894, the voting power and contro
be interest on bonds If earned, and not to exceed 6 per oent, on stock.
of the company remains with three trustees, viz.: J. Pierpont Morgan
John Crosby Brown and George Bliss. It is controlled in same interest In 1891 the stock of the Ohio Valley Railway was purchased, the Ches.
Ohio & Southwestern guaranteeing its bonds. See V. 52. p. 321, 718.
as the Cleveland Cincinnati Cliicago & St. Louis.
Stock—Common, $6,030,600, and preferred, $3,696,000 ($164,000 adSTOCK AND Bonds.— The stock is $56,290,200 common, $3,280,000 Ist
preferred 5 per cent and $4,131,500 2d preferred 5 per cent. Upon the ditional unissued), of which the Newport News & Mississippi Valley Co.
retirement of the preferred stocks, as mentioned below, the common owns $5,708,700 common and $3,511,600 preferred. January 1, 1891.
there was due the Newport News & Mississippi Valley Co. (as per that
«tock will be $60,425,600.
Price of common stock (since reorganization in 1888): In 1889, 15>« company's report) $935,429.
From March 1 to March 31, 1891 (1 month), gross earnings were
'»28; in 1890, 14i2®27i8 in 1891, 14i4®28; in 1892, to May 20
$182,638, against $173,344 in 1891 net, $58,546, against $50,710.
Inclusive, 22® 28.
The annual report in V. 52, p. 569, showed the following.
Price of flrst preferred stock: In 1889,56i3®69i2; In 1890, 36®66%
In 1891, 42®60%; in 1892, to May 20, inclusive, 59®64i2.
1890
1888.
1889.
1891.
Price of second preferred: In 1889, 29i2®46i6; in 1890, 23iaa46i«;
s
$
$
$
1892. to Mav 20, inclusive. 38ia®43^.
Jn 1891, 22®41;
2,005,168 2,134,195 2,161,685 2,336,496
Gross earnings
The consolidated mortgage, due in 1939, is for $30,000,000 (trustee
745,710
927,039
828,512
of mortgage. Central Trust Co.), and sufficient bonds are reserved to Net receipts
866,216
868,979
provide for prior liens. This mortgage is also secured by deposit in Rentals, taxes, infest, &0. 826,872
just of the $11,000,000 bonds and two-thirds of the stock of the May ssur.
def.40,467
def.
81,162
60,823
Balance
vllle & Bij? Bandy RR., Ashland to Covington, Ky., and the Bridge to
V. 52, p. 569, 718; V. 53, p. 156.)
Cincinnati, all owned by the Chesapeake & Ohio RR. Co. (See abstract — (V. 50, p. 518
Alton.—Line of Road— Joliet to East St. Louis
Cliicago
of mortgage in Chkonici.e, V. 49, p. 147.)
Of the hrst consolidated mortgage on the Richmond & Allegheny divi- (main), 244 miles; Branches— To Coal City, 30 miles; D wight to Washsion, $5,000,000 carry 2 per cent interest till January, 1894, and ington and Lacon, 80 miles Roodhouse to Louisiana, 38 miles Upper
thereafter 4 per cent. The Central Trust Co. and Henry T. Wickham are Alton liue, 8 miles. Total owned, 400 miles. Leased—Chicago to
the triLstces. (See abstracts of mortgages, V. 51, p. 144.) There are Joliet, 37 miles Bloomiugton to Godfrey, 150 miles Louisiana to Cedar
also $26,897 series B 68, due in 1908; $170,000 New River bridge City, 101 miles; Kansas City to Mexico, 1C2 miles. Total leased, 450
miles. Total operated, January 1, 1892, 849 miles.
bonds, due in 1898.
Organization, Leases, Stocks and Bonus.— Chartered as the Chicago
In February, 1892, the company authorized a ge"neral mortgage to
secure 100-vear 412 per cent goUl bonds to the Central Trust Co. and & Mississippi February 27, 1847; reorganized in 1857 as Chicago Alton
H. T. Wickham as trustees. The mortgage is for $70,000,000, but addl- & St. Louis, and again under present title in October, 1862; after
tional amounts at $25,000 per mile may be issued for double-tracking. foreclosure. Fiscal year ends Dec. 31. The annual meeting is held the
Of the $70,000,000 as above, $32,691,000 bonds are reserved to pro- first Monday in April.
vide for the $30,000,000 consols of 1889, issued or to be issued, and for
It l.s proposed to issue about $2,500,000 new stock and give stock<3ertain other obUgatious, car trusts, etc., and $12,667,000 are to be holders of record the privilege of subscribing for it at 114, taking 12ia
used (with $12,333,400 common stock) to retire the preferred stocks shares for every 100. The new stock will retire $2,400,000 of maturaggregating $25,000,000. Of the remainder $23,142,000 were reserved ing 7 per cent bonds, due Jan. 1, 1893. (V. 54, p. 720.)
The Kansas City St. Louis & Chicago is leased in perpetuity from
ifOr new acquisitions, rolling stock, etc., but not more than $2,000,000
of these can be issued in any one year, except that $6,000,000 of tlie November 1, 1877, at a rental of 35 per cent of gioss earnings. Its
«ame was applicable at once to the purchase of the Big Sandy roads — bonds are held by the United States Trust Co. as security for the (Chicago
see a preceding paragraph. The mortgage covers the 985 miles of roa<l & Alton bonds of 1878, which have a sinking fund of $60,000 per annum.
owned by the eompauy as indicated attove, the securities of the Big Common stock, $271,700, of which $157,600 is owned by the Chicago &
Sandy roads which it holds, and all additional mileage acquired with the Alton. The Mississippi River Bridge is leased in perpetuity from Dec.
proceeds of its bonds. When the preferred stocks sliall have been en- 3, 1877, at7percent on $300,000 stock (all owned by Chicago & Alton)
tirely retired there will be $18,213,000 generals 412S outstanding. See and 6 oer cent on bonds.
The tFoliet & Chicago is leased from January 1, 1864, for the term of
iull abstract of mortgage in V. 54, p. 644 see also V. 54, p. 642.
The new bonds are given in exchange for preferred stocks on its charter, and forms part of the main line. Rental, 7 per cent on
terms following First pref to get two-thirds of its par value in new stock. The Louisiana* Missouri River ER. is leased for 1,000 years.
T>onds and one-third in new common stock second jiref to get one-third Rental, 35 per cent of gross earnings, after taxes, &c., have been
deducted from them, but interest guaranteed on second mortgage bonds
of its par value in new bonds and two-thirds in new eommon stock.
Opeeations, Finances, &c.— From July 1, 1891, to March 31, 1892, and $329,100 preferred stock other pref. stock is $1,010,000 and eomrental in 1891, $162,138, against $139,423 In 1890.
<0 months), the gross earnings were $6,895,722, against $6,055,065 mon $2,272,700
in 1890-91; net, $1,786,640, against $1,611,495.
The Chicago & Alton preferred stock has prior right to a non-cumulaFiscal year ends June 30. Report for 1890-91 was in V. 53, p. 472, tive dividend not exceeding 7 per cent from net earnings and (after
482, and showed the following
payment of 7 on common) also shares with common in any surplus.
1889-90.
1890-91.
Dividends since 1876: In 1877, both stocks, 712; in 1878, both 7; in
923
iUUes operated
1,027
1879, preferred 7, common 6; in 1880, preferred 7, common 6I3; in
Eaniings—
$
$
1881, both 8; in 1882, both 8 in 1883, both 8 in 1884, both 10; from
1,471,436
Passengers
1,765,299 1885 to June, 1892, both inclusive, both 8 (2 per cent quarterly.)
;
;
m
;
&
;
;
;
;
;
:
.
.
;
;
;
;
iFrelght
Express, mail and miscellaneous..
5,384,255
306,258
;
Price of common stock: In 1885, 1283140; in 1886, 1383146; in
1887, 130®155; in 1888, 132®140i3; in 1889, 125®140; in 1890, 123
®135 in 1891, 123®140i4; in 1892, to May 20, inclusive, 139»150.
Operations and Finances.—The Chicago <fc Alton Road has been par8,127,111
5,920,418 ticularly strong in having a large local business between Chicago and
Its leased lines are as completely controlled as if owned,
St. Louis.
Since 1883 there has been practically
2,206,693 and the system is compact.
In this jieriod $2,153,870 inno increase in the wvpital stock.
1890-91.
come has been expended in the purchase of additional real estate, roll$
ing stock, etc., and the bonded debt has been reduced by the purchase
2,206,693 and cancellation of $735,000 of bonds.
18,520
Fiscal year ends December 31. Annual report for 1891 was in V. 54,
p. 363.—See also editorial on p. 348.
income account.
2,225,213
1891.
1889.
1890.
1888.
$
$
Receipts*
1,745,129
$
7,590,881
7,065,754
7,516,617
11,609 Total gross earnings. 7,511,465
163,101 Net earnings
3,132,131
2,683,754
2,843,380
2,944,881
16,419 Other receipts
273,497
272,567
273,252
273,875
5,963,516
398,296
;
7,161,949
5,455,127
Total
Operating expenses.
1,706,822
Jlet earnings.
INCOME ACCOUNT.
1889-90.
Uet
earnings..,
•Other income.
Total
1,706,822
19,969
1,726,791
Deducton bonds
Bentalsof tracks
^Interest
Taxes
Xioss on grain elevator
Discount and exchange, &o.
1,663,641
44,401
156,841
1,628
69,145
3,404,698
2,957,251
3,116,632
3,218,756
Total
1,866,511
2,005,403
Disbursementi—
674,722
652,411
665,455
669,478
Def.1.39,720
Balance
8ur.219,810 Rent.'ils paid
200,220
184,271
1!59,810
—(V. 52, p. 390; V. 53, p. 58, 59, 97, 289, 435, 478, 482, 502, 604, Construe, equip., &c. 531,542
816,161
810,387
823,495
753; V. 54, p. 119, 158, 242, 366, 441, 525. 597, 642, 643, 644.
825,658
Interest on debt
1,407,560
1,407,560
1,407,712
1,407,608
Cbesapeake Ohio Sc Southivestern.—Louisville, Ky., to Mem- Dividends
189,227
88.742
38,059
106,924
phis. Tenn., 392 miles, and branch Elizabethto\vn to Cecllian .1 unction, Miscellaneous
6 miles, 398 miles; of wliich is leased from Louisville &. NashA'ille their
3,249,630
3,181,631
3,098.554
Cecilian branch, 46 miles. Also operates the Ohio Valley Ry., PrinceTotal disbursem'ts. 3,537,187
dt. 420,555 sur. 120,202 def.292.379 sur.223,067
ton to Evansville, Ky., and branches, 108 miles. Successor to the Mem- Balance
phis Paducah & Northern, which was sold in foreclosure in 1881, and -(V. 52,p 319, 33.:, 349, 353; V. 53, p. 156; V. 54, p. 348. 363,
Elizabethtown.
In
eaerged with the Paducah &
February, 1886, leased 720.)
Total
May,
l86-».)
KAILBOAil STOCKS
AND BONDS
97
98
INVESTORS' SUPPLEMENT.
[VouLTV.
.
Mat.
;
.
RAILROAD STOCKS AND BONDS.
1893.1
99
Immediate notice or any error discovered In theae Table*.
IMTERBBT OB DIVIDENDS.
Date Size, or
paLWben Dim.
Amount
ot
Par
OutstaiMUog Rate per When Where Payable, and by atoek»-UM
8ubiicrlb«n> ivlll confer a great lavor by kIvIok
BALLBOAOS.
Miles
r«r explanation of column headings,
on Urst iiago ot tal>lC8.
Chicago Burlinuton
<*
&c., see natoa
of
Boad. Bonds Value.
o*
Chic. Burl. & Ciiiiucy consoi. mortgage
820 1873
1,000
o*
Plain bonds
1871
1,000
"33
SluklUK fund bondH, (Ist M. as coll.) not dr'n.o"
1875
1,000
Sink, fund bonds (Ut M. aH coll.) not dr'n.o* Ar
28tl
1870
1.000
Burl. & Mo. Rlv. (In Iowa) l8tM.lsr.».f.,uotdr'n.c*
278 1863
.50 &c.
o*
40 •69-'70 500 J[C.
Ist luortgaK" convertible bonds
Ch. Burl, it Q. Iowa I>lv., ». f. 5s, drawn at 105. )
>1879 1,000
Iowa Dlv., ». t. mortgage la, drawn at 100. cAr \ 787 S1879 1,000
Sink, fund Is (for B. & 8. W.) drawn at 100. o&r'
1881
1,000
Deuveroxtcn. (collat. tr.) b'ds, s.f. dr'u at lOO.C 416 1881
1,000
Oh. Burl. & CJ. Debentures for llau. AHt. Jostk.c*
1883
1,000
Nebraska ext.,.'j!'.iO,000 p. m. (s. f., uotdr'n).c*Ar 1,432 1887 1,000A0
Convertible debentures (See rentnrks)
1890-2 100 Ac.
B'rl.&Mo.RK.luNeb.con.M.l.Kr..s.f.dr'nat 100.. )
Ac.
561 U878 600
Do
exempt (ftcc remarks)
ilo
do
(1878 600 Ac.
J
Burl. A Mo. RR. inNeb., s. f. for At.&Neb.RR.st'k.
1880
1,000
c*
1878
1,000
Suliioy Alton & 8t. L. (leased) 1st mortgage
Bpub.Val.R.,l8tM.g.,(dr. at 100) s.f., $14,000.. .c
90 1879 0<K) Ac.
Ottawa Oswego A Fox River. Ist mortgage
c*
70 1870
1,000
Omaha & P. \V'.. Ist mortgage. )riiaranteea
o*
4D 1871
1,000
Nebraska Railwav consolldateil mort. guar
o
132 1877
1,000
Atoh.ifcNob.,l8tM..At.toLin..Neb..auilbr..guiir.o*
148
1878 10<) Ac.
2d mort. on At«li. & Nob. RR. (1st M. on bridge) 148 1887
Uno'n&N.W.RR.lstM. guar.,s.f.l p.c.notdr'n..
73 1880
<lhic. <t nasi. lUinois—iAnw. stock ($15,000 p. mile).
100
per cent ($10,000 per mile)
Preferre<l stock,
100
o
Ist mort. (8. f. $'J0,0OO, no drawings)
107 1377 100 Ac.
Danville >t Grape (JreekRB.— 1st M.. assumed. .0'
7 1880
1,000
Strawn & Ind State Lino bimds. assumed, s. f..o*
13 1881
1,000
Chicago Ji East Illinois extension, Ist mort
o*
15 1881
1,000
Consoi. mortgage (for $(i,000,000). gold s. f...o'
208 1884
1,000
Collateral trust bonds, sinking fund
c*
1887
1,000
46
Otalcago
OHIcago
from Oregon,
111.,
Paul, Minn., 332mlles; Fulton to Savanna, III., 17 miles; l)ranchcs
miles; total, 303 miles. Completed Aug.. 1886. In ISilO ipS>,()<i8,500
of the $9,;iS 1,000 stock (par. $100). was purchased at 40 by Chicago
Burlington Ji tjuincy. (See V. .50. p. 390.) The Chicago Burlington A
Quiuey and Chicago A Iowa give a traltic guarantee for twenty years of
one-half of their net earuiugs derived from.bn.siness to and from the
Chicago Burlington A Nortlicrn (to bo not less than $100,000 per year)
for the retirement ot Cliicago Burlingtou A Northern llrsts at 105; and
after Marcli ;)1, 1800. tlie wliole issue may l)e retired at 105.
From January 1 to Mar. 31, 1891 (3 months), gi-oss earnings were
14
^406,958, against $483,807 in ISOI; net, $172,622, against .$1S;-<,5G1.
In 1891 gross earutngs were $2,224.'_'03; net, $923,083. In 1890,
interest, $692,700
rentals, etc.,
fross, .$2,11.), 412; net, .$870,855
;
106,001; surplus, .$213.
(V. 51, p. 715; V. 52, p. 041.)
Chicago Riirlliiston
&.
from
;
Qiilncy.— C*e Mnpj-LiSE of Ro.vd.—
via Burlington. Iowa, and I'acitte Junction,
has line in lliiuoisto East St. lyOuis and to
'Qulncy,counoctiug witli the Hannibal &St. Joseph Road (purchased by the
Chicago Burlington A CJuiucy in IS.-^S), across Missouri to St. Joseph.
Total mileage in system proper Jan. 1, 1892, was 5.324, of which 158
line
tUiicago,
111.,
miles were leased or operated with other companies.
The company
also controls and largely owns the St. Louis Keokuk & North Western, 218 miles (of which 41 miles arc leased or operated Jointly
with other companies) the Kansas City St. Josepli & Council Blutl's,
313 miles (3 miles leased or operated jointly with other companies)
the Chicago Burlington A Kansas City, 220 miles (39 miles leased
or operated Jointly with other companies); the Clilcago Burlington A
northern, 363 miles, and a half-lutercst with Wabash in the Humcston
Shenandoah. 95 miles.
This was a consolidation In July, 1875, of the
Oroanization.
Chicago Burlington A Qulucy in Illinois and the Burlington A Missouri
KlTor in Iowa. In 1880 the Burlington A Missouri in Nebraska was
absorbed. Tiie leased lines are practically owiioil and there is no charge
tor rentals in the income account, except as interest on bonds. The
•ownership in the other roads aliove-mentioned is In the stocks and
'bonds thereof, and their accounts are kept separate. In August, 1885,
.'the agreement was made with the Chicago Burlington A Northern for
the line to St. Paul, but the Chicago Burlington A Quincy owned $3,097,500 only of the stock of that company until March, 1890, when a
•controlling Interest was purchased. Fiscal year ends December 31.
Annual election in May.
The lands have mostly been sold, but 93,400 acres remaining land
motes outstanding. Including Interest payable, amount to $463,731.
Stocks and Bonds.—The stock has been increasett for the acquisition
of new lines, and in 1880 a distribution of 20 per cent was mad6.
Dividends— In 1877,9 per cent; iu 1878, lOia; in 1879, 8 In 1880,
OH cash atid 20 stock from 1881 to 1887 inclusive, 8; In 1888.5; In
1889, 4; In 1890. 5; In 1891, Marcli, 1; June, 1; Sept., 1; Dec, 14; In
;
A
Ac—
;
;
:
1892, March, Ik; June, 1'4 (quarterly).
Prlceof stock— In 1881, 133i2ai82'3; In 1882, 120isail41; In 1883,
I115%®12938; in 1884, 1073il27:ii; iu 1885, 115i9®138ia; iu 1886,
/Slims:
iu 1887, 123'8S>156; in 1888, 103:tial.-J0ia in 1889. SO's
in 1890. SOalllia: In 1891,75^3110; In 1892, to May '20
;
lO'i's^llO'^
Included in the amount of bonds outstanding in the table above are
following
which, with other bonds (the whole representing a
the
cost of $14,577,407) were on J,anuary 1. 1892. held alive and drawing
Interest for account of tlie varicnis sinking fiiuds; Chicago Burlington
A Quincy4s()f 1881, due 1921, $(>02,(K)0; Denver extension 4s. due
1922, $1,001,100; Burlington A Missouri in Nebni8ka4« of 1910,$1,103.000; Republican ViiUoy (is of 1879, $217,000; Burlington A Missouri
In Nebraska consolidated 6s of 1878, $5,516,(i()0; but only $3,042,600
of this last amount iu the sinking fund for the issue itself. January 1.
1890. the sinking fund ot tlic Burlington A Missouri (iu Iowa) land grant
"7s of 1803 hold sundry bonds costing $H. 749, 084, and $14,135 cash.
The consdliilated inorfgago 7s of 1S73 are a llrst mortgage except
for $1,070,000 Ottawa Oswego A Fox River bonds. The Iowa Dlvisiim
sinking fund bonds are a lieu on the main line in Iowa from Burlingtou
to Kast Fbittwmouth on the Missouri River, 279 miles, and on 16
branches having an aggregate length of 511 miles; the only prior
Ileus are the Burlingtou A Missouri River Railroad in Iowa boiids to a
total of $4,192,.500. The Chicago Burlington A tjuinoy Iowa bonds
have a sinking fund of II4 per cent ($20;t,H0()) yearly, for which tlio 4s
are sulyect to call at 100, the 5s at 105. The Denver K.xtonsion bonds are
-eeourcd by deposit with the trustee of llrst mortgage 5 per cent bondss
(limited to $20,000 |>er mile of main track and $10,000 per mile of second track) upon about 40O miles of road, representing live dlBerent
lines, of which the most important is that from Colorado State lino
westerly to Denver, 175 miles. They liavc a sinking fund of 1 per cent,
for which they are subject to call at 100.
The collateral trust Neliraslta extension bonds of 1 8H7 ) New England
'Trust Co., of Mawsaclmsetts, trustee) are issued at $20.(0-> per mile for
single track ami $10,000 per mile additional for second track. See
^Inclusive.
abstract of niortgage
in V.
45.
p.
J.
5
A.
A.
4
4
U.
4
S
4
15,278,700
7,894,000
5,000,000
3,347,000
840,000
1,078,000
5
r.
U.
M.
M.
6
J.
J.
J.
F.
J.
J.
J.
6
4
5
6
1,070,0<X)
8
669,000
349,000
7
1,125,000
7
M.
901,280
600,000
7,746,000
4,830,700
2,989,000
119,000
145,000
103,000
2,725,000
42.000
6
J.
J.
8
A.
7
dfc
iii
6
6
6
6
J.
M.
J.
J.
6g. A.
6
F.
g.
A
A
A
A
A
A
do
do
do
do
do
8.
A.
N.
N.
B.
1.
J.
J.
do
do
do
do
do
Bept
Boston, Bk. of Com'ree. July
do
do
July
do
do
Jan.
do
O.
8.
J.
do
Oct.
Boston, Bk. of Com'ree. Mob.
Boston.
Dea
Boston, Co.'s Offlce.
Jam.
N.Y., Hanover Nat. B'k
D. N.Y.,4th Nat.Bk. A Bost.
N. Boston, <jlo >c Nat. Bk.
J. N. Y., Central Trust Co.
D. N. Y., Fourth .Vat. Bank.
O. N. Y., Central Trust Co.
A.
do
do
I
1,
1,
1,
1.
1,
1,
1,
I,
1,
1,
1,
lara
1007
1920
1021
1031
1034
1912
May
May
A. N. T., F.UAT.r;o.A Bost Feb.
J. Boston. Bk. of Gom'roe. July
J. N.Y., F.I..AT.Co.ABost. July
D. Boston, Co.'s Offlce.
June
D.
1921
1922
1013
1927
1903
1018
1918
1910
1896
1919
1900
1800
1806
1908
1927
1010
1,
I,
1,
1,
H<-pt. I,
Feb.
Apr.
Dec.
May
Oct.
Deo.
Oot
Feb.
1,
1,
1,
1,
1,
1,
1,
before maturity at
various prices, plus accni«d Interest, as stated In the table above. The
Burlington A Mlssourt In Nebraska Os, due In 1918, are redeemable at
1(K). but this for the "exempt" bonds applies imlv aft^^r 190S.
Operations and Finances.— The (;hicagn Burlington A (Jnlney RSr
hiLs been one of the most profitable In tlie country, as Its numerous
branches tributary to the main line were built into choice agricultural
territory. The company for many years paid 10 per cent, then 8 per
cent, and since 1887 smaller dividends, owing to the Increased competition and lower rates and the extension of roads In the far West.
From January 1 to March 31, 1892 (3 months). gro.ss e.amlngs. Including lines eontroiled. were $9,329,940. against $7,057,013 In 1891; net.
$3,200,707, against .$2,123,811; charges. $2,430,000. iigainst $2,385!558 surplus, $770,708, against deficit of .$201 ,717 in 1H91.
The annual report for 1891 was published at much length In the
Curonioi.k. V. 54, p. 558. 561. See also editorial in V. 54, p. 581. The
operations and fiscal results for the system proper, )io( including the
lines controlled, have been as follows:
;
operations and
Al.so
a28%»141;
A.
A.
8
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
*
N. v., Boston and Chle. JunelS, 1802
J. N.Y., nk.of Cora.ABoat. July 1, 1003
J. N.Y.. Bk.of Com.ABost. Jan. 1, 1806
U.
Boston, Co.'s Offlce.
June 1, 1809
O. N.Y., Bk.of Com.ABort. Oot. 1, 1001
O. N.Y., F.I.,.AT.Co.ABo(t OeU 1, 1803
Boston, Co.'s OIBc*.
J.
July 1, 1804
O. N. Y., Bk.of Com. A Boat, Oct. 1, 1010
do
O.
do
Oot. 1, 1010
Many of the boiids are redeemable (may be drawn)
ito St.
Main
J.
J.
J.
7
27,.565,000
.
A Atlantic—See Chicaoo A Ekie.
Burllnston & Northern.—Owns
to Denver, 1,028 miles.
5
5
2.316.000
3,002.900
66,000
2,802,000
8,366,000
4,300,000
7,968.000
9,000,000
.
.
7
7
330,000
Dividend.
Q.-M.
1>4
18,000,000
547.S00
whom.
Payable
Cent.
$100 $76,304,905
(Jitincj/—Stock
411.
The 5 per cent dcoentures of 1890 and 1892 are conveillble into stock
at any time prior to December 1, 1902. The $7,639,400 bonds issued
lin 1892 were to pay for oqulpiuents, construction and betterments
—(Sec V. 50, p. 622; V. 54, p. 242.)
Miles operated.
Operations
—
Pass car. one ra'
car. one m
Enriilngs—
1888.
4,917
FI8CAI, RE8i;i.T8.
1889.
5,140
208,778,494
Tons
1890.
5,216
292,535,186
1891.
S,324
289,343,493
1,752,'248,595 1,978,896,694 1,804,977,505
Pa.ssenger
6,146,121
Freight.
15,484,035
Mail,expres8,Ao. 2,159,011
$
$
6,223,510
18.190,818
2,363,985
6,309,646
18,843,104
2.513,217
6,729,809
18,369,821
2,816,407
Tot. gross eams.23,789,167
26,778,313
17,690,547
27,725,907
18,749,699
27,916,127
18,549,257
$
Oper. exp. A tax.18,882,460
$
Neteamings.... 4,906,707
9,087,766
8,976,268
9,366.870
79-37
P.O. op ex. toe..
66-06
67-62
66'43
• Includes Han. A St. Jos., Kan. C. St. Jos. A C. B., Clilc. Bur.
A No
Chic. Bur. A Kan. C, St. L. Kan. A No. W., and others.
The company's income account, including the receipts and disbursements on account of lines controlled, has been as follows:
income account.
1888.
1889.
1890.
1891
.
Receipts
—
Net earnings
$
HI
$
$
4,906,707
169,601
gr.
408,555
9,087,766
672,863
291,443
8,976,268
806,035
178,455
0,366,870
Total Income.... 5,484,863
Disburaemenit—
Reutiils paid. ...
193,700
Interest on debt 5,111,527
Dividends
3,819,578
Kate of dividend
(5 p. 0.)
Car.tosink'grd691,474
10,052,072
9,960,758
10,895,345
192,119
5,425,611
3,055,704
206,078
5,491,992
3,819,630
230,280
5.817,266
3.246,686
(4 p. c.)
(5 p. c.)
744,472
(4'4P. c.)
745,492
764,839
Int.
A
Net B.
exch'ge..
A M.
1.
1,371.6'27
156,848
Tot. disb'sem'ts. 9,816,288
9,417,906
10,263.192
10,0.59.071
Balance, snr. ..dr.4,331,42d
siir.634,166
def. 302.434
sur.836.-.274
(V. 51, p. 20, 142, 276. 909; V. 52, p. 126. 204, '296, 321, 549. 569,
67'i, 574, 643, 657, 938; V. 53, p. 325; V. 54, p. 242. 5i 8, 681, 581,
643.)
—
Ac Knstern Illinois,— r.<^c< ifapJ—Ovrnx from Dolton,
to Danville. 111., 107 miles; Danville to Hhelbyvllle. 92 miles; Moto Indiana State line Ciunction with the Chicago A Indiana Coal),
11 miles; Cissua Junction. III., to Cissna Park. 11 uiihw. Proprietary
Indiana Coal R.ailway, Brazil to La Cn)8se, Ind.. 145
line— Chicago
miles, and branches. 2!1 miles.
Leitses Kvausvllle Terre Haute A Chicago Railroad. Danville. HI., to Otter Creek Junction, Ind., 49 miles;
Indiana Block Coal Railroad, Otter Creek Junction to Brazil, Ind., 13
miles. Trackage— Otter Creek Junction to Terre Haute, Ind., (Ev.
T. H.) 6 miles; Dolton to Cliloago (C.
W. I.), 17 miles. Total oiicrated,
481 miles.
Cliiraso
III.,
mence
A
A
A
The Chicago A East Illinois was chartered as Chicago Danville A
Vincennes iu 1865, and openiMl in 1872 and 187:1. Sold under foreclosure February 7. 1877. and reorganized uiuler existing title .'<<'|itembcr 1, 1877. In February. 1889, made an exchange of stock with the
Chicago A Indiana Coal Itailway, wliosu stock Is now held as an asset la
the company's treasury. See OiiKOsici.K, V. 46, p. 134, V. 48. p. 334.
riioecmimou stock is cntltlert to all surplus after 6 percent on the
preferred stock.
In January, 1890. a ten-year tmfUo contract was made with the
Kvausvllle A Terre Haute for the operation of a through lino betweea
Chicago and Kvansville.
Under the terms of leases the Clilcago A East Illinois guarantees
Interest on $1,400,(K)0 bonds of leased roads. There are also $64,000
second mortgage Incomes, due 1907. outstanding. Owns control of
Kvansville Teiro Haute A Chicago Railroad and $1,000,000 stock ot
tlie (^hieago A Western Indiana— which see.
The general oousolldated inoitiriige of 18S7 (trustee. Central Trust
Company) prtivitles fur the rctireiiieut of $'<.(M»o.tKK» prior b<incls and
for Uaue ot lionds on new road at .$l,s,0<X> i>er mile for single track,
$7,000 per mile atldltloual for oquipmeut and $8,000 per mile for doubla
track. See below.
I
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«.>^BRAN^f;
MAP OF THE
Falls of
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MunrortWIiy
\
«ir
\
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renrodrviT
\ ** r Bowling Green,,.--TS*"
Cbarlestob
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Nortonvlllc
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Union
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tsl
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New Mexlcj
YRuBS<niynie
17
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BcoUiTjllB
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NASHVILLy_
E
E
;,
ilAY,
181)2.
uailiioaD
J
Subscribers
Hrlll
confer a uremt favor
RAILROADP.
Vor ezplanation of coliiniu Iien<1inKn,
on tlrst page of tabled.
Teriiiiniil iHt moittfrtKf, Int. 4 p. c. till July, 1893.
•Chicago <* Oramt rrmi /i—Nortliwcat Or.T'uk.,lBtM
l8t nioit),'aBc for iti(i,WO,000
auil
£
cAr
(Imit Wtnlrrn— Com. stock, !J!30,000,000.
preferred stock (5^30,000,000 each)
•Clile. 81. P. & Kan. City— Stock. ...'.
I'rlorlty loan, sterliuK, rcdcenial>In at 105...
Mlnn.A NortU\ve»t. lut M.,k.. ^20,000 n. ni..o*
•Ch. St. P. * K.C.lstM.,K., (rcd.Jan., 1896).o*,tr
General niort. gold (1st coup, due Jan. 1, '93).
Income b'ds (conv. Into 5 p. o. i)rcf. stock)
tOhicaga
l8t
Immediate notice of aujr error discovered In these Tables.
INTEREBT OP DIVIDKNDS.
Date Size, or
Amount
bjr bItIiik
Miles
of
of
Road. Bondn
CMe. <t Erie—IM MortRane, Kolil.iuttTrst Kiiar...o*
iDcomu lionilH for 1^10,000,000 nou-ciuimliitlve ..
^
3l
;;.
&c., see noten
cAr
Okie. S E. IU.—(Onncl'il)—nen. oonsol. mort
Ohio. A Indiana Coal— Int M.($'2r),(>0() per mllo.o*
2(1 nM>rti,'aK(>,
stocks and bonds.
221
174
249
249
"m
327
327
Par
Value. Ontstaading
1887 l.OOOdio 95,440,000
188B $1,000
4,587.000
l.OOO
1890
12.000.000
1890 l.OOOJio lO.OOO.OOO
1888
300.(M)0
1880 566'io.
658,000
1880 £100 dko
5,442.000
1882
1,000
6,000,000
Rate per
Cent.
When Where
and
bjr
Whom.
Payable
A S.
J. A J.
M. & N,
I'- Octl.
4to0 J. A J,
6
J. & J.
J. A J.
J. * J.
5
5
Paralile,
M.
I
do
do
Dlvlilillil.
Nov.
I,
1937
V. Y.. Met. Trust Co.
Jan. 1. 1036
N. Y. I,. K. A W.
May I, 1982
Oitt.
N. Y.. when earned.
1. 1083
N.Y..Drexel.Mcirg.A
I ..l/rexei..'iorg.« Co.
L;n.;
n.
July, 1918
%I V C t> It
1.
Il*«.«..
N.Y.,E.P.HeM<-h.ICway.'
Jan. 1. 1910
<N. Y. Agency, Hk. of Jan. 1, IIKH)
}
HoDtreal
.Scl^oudon.
Jan.. 1022
.*
and
2<1
515
815
815
100
1889
1884
1,000
1886
1,000
1889 lOOO&c
1888 100 Ac,
(Etiuipincnt lease warrants
XPtunud MdwKiikre
it SI,
Minnesota(;entral IstM. (Mlnneap. toOwat.).o*
1st M. convert, into pf. stock.. c*
Prairie du Clilen 1st M. (Mil. to I'r.du Chienj.o*
2d mortgage, convertible into prcf. stock ..c'
Towa & Daltota 1st M., conv. into pref. stock. .*o
River I)iv. (St.P.&C.) 1st M. eonv. into pf. stk.o*
Chic. A Mil. 1st mort. (conv. into pref. stock) .c*
o*
Cli. Mil. ic St. P. consol. M.,eouv. intopf. stock.
I.&D.Ext.lstM.($15,0O0p.m.)con.intopf.sfk.c*
Iowa & Minn.
.
W. Dlv. 1st mortgage Western Union RR..O*
c*
Minnesota Div. 1st mortgage
Mineral Point Division 1st mortgage
o*
Ha.st. & Dak. Dlv.,extens. latM. ($l.'>.000p.ni.)c*
flo.
5
100
100
392
49
230
234
212
419
142
1863
1864
1867
1868
1868
1869
1872
1873
1875
1878
1879
1880
1880
30.5
1880-6
195
195
126
130
85
,435
1,000
1,000
1,000
1,000
1,000
1.000
$
A £
1,(K>0
1,000
1.000
1,000
1,000
1,000
l,0O0
A
A
A
A
A
R.
0,19.1.000
4.829,000
4.981.700
46,027,201
22.732,900
4.008.000
1
23.IK)0
3,1
89,000
2>«
3>a
N. Y..I/nn.
A Amsterdam
7
A
A
8
7-3
1.239.000
.) 41,000
3.804,500
2,393,000
11,480,000
A.
A.
7
?«•
7
4.000,000
7.432.000
6
6
2,840,(K)0
5
T
omce 42
do
do
do
do
do
do
do
Wall
do
do
do
do
do
do
do
St.
Feb.
1.
1.
1898
1899
1.
19<>3
Jan.
1.
1.
1.
1.
1,
July
Jan.
1,
1,
1903
1905
1908
1909
1910
1910
1010
.
do
do
do
do
A5
do
do
do
do
1034
1034
I93S
1989
1038
1,
1,
1,
1,
I,
1^92- 1901
Apr. 23, 1888
Apr. 1(1, 1892
Jan. I. 1803
July 1, 1804
July 1. 1897
Feb. I. 1808
July
rx>ndon and New York. Jan.
N. Y.. omce, 42 Wall St. Jan.
do
do
July
do
do
July
7
3,50.-).000
Jan.
See remarlu.
July
do
July
Noluter'st due till 1893. Jan.
None pnliL
JulT
Y.,
7
7
3,(i74.000
6,070.000
J.
J.
J.
J,
J.
7
l,.Vi4,n39
/'««<— Common stock
Prcferri'd r>U>rk (7 per cent yearly, not eumnlfttlve
Mil. A m. Paul, Lacrosse Dlv. l.st M., convert.. c*
S.
14,892,900
2.352,625
9.028.000
Jiilv
Chicago & Indiana Coal first mortgage of 1886 (trustees, Metropolitan
Trust Company and R. B. V. I'iercc) is for .111, 000; 000 on road from
Yeddo to Bra/,11 and $25,000 imu- mile (ifT.OOO of this for equipment)
In 1891, gross earnings, £765,638; net, £174,590; surplus over charges,
£8.223. against £22.525 in 1890.
Chinifco (ircat Wexterii.—Will operate under lease from July 1,
for extensions; second track, $8,000 iier mile.
18i>2, the Cliicago St. Paul & Kansas CItv, which own<— Main lines (all
Dividends since 1881— On common, in 1882, 3 percent; In 1886, 5
steel) Cliicago to St. Paul and St. Joseph, 690 miles; Hayfield to Manlcy
In 1887, 6 none since. On new preferred in 1888, 7ia in 1889, 6 In Junction. 47 miles; branches Summer to Hampton, 6-1 miles; to co;il
1890, Decenil)er, 6 in preferred stock; In 1891. 413 cash; in 1892
mines.
in Iowa. IOI3 miles; otiier. 4 miles; total owned. 8I5I9
Jan., 1^; April, II3.
miles; and leases- St. Paul to Minneapolis, lOig miles; Chicago tenulnals,
From July 1, 1891. to Jan. 31, 1892 (7 mos.), gross earnings were 10 tniles; Dubuque to Aitkon, 16 miles; Des Moines terminals, 270
f 2,215,634, agst. $2,133,909 in 1890 91; net, $925,017, agst. $1,113,673, miles trackage St. Jo. to Kansas City, 67% miles totiil leased, 107
operating expenses in the present year having Included large suras for miles. Total iiperatcd, 922i« miles.
repairs, &c.
The Chicago Great Westero was formed In .Tanuary, 1892. to consoliSince July 1, 1891.tlioro have been issued— tor now road hetwieen date several properties, and to provide fresh capital for carrying on
Tuscola and 81iell>yvilie .f8'23,000 geni^ral consol. 5s, and for new and developing the business of the Chicago St. I'aul A Kansax City. In
equipment $511,000 of same issue; also for new road and equipment April, 1802, it leased that road for 99 )'ears from July 1, 1892. See V
^185,000 Chicago & Indiana Coal 5s.
54, p. 720.
Fiscal year ends June 30. The annual report for 1890-91 was In V.
"Tile Chicago St. Paul A Kansas City was organized in May, 1886. an
*3, p. 473.
in Decemlier, 1887, auialgaoiated with Minnesota A Northwe-'tcrn
mCOME ACCOUNT.
chartered in 1854. First mortgage couiions due from Jan. 1, 1890, to
1888-39.
1890-91.
1889-90.
July 1, 1392, iioth inclusive, were funded.
Total gross earnings
$2,719,932
$3,567,195
$2,911,723
The Chi<rago Great Western's autliorized capital stock is $90,000,000,
Operating expenses & taxes
1.946.499 divided into three classes of $30,000,000 eac!>, viz., first pref.
ck
1,724,547
1,731,369
4 p. c. cumulative, pref. stock non-cumulative 5 p. c, and cnnmon
Net earnings
$995,385
$1,180,354
$1,620,696 stock. Tlie $30,000,000 of first preferred stock will remain in the
Net Income (including other
treasury, and in time can be used In part to retire the C. St. P. A K. C.
Income)
$1,000,398
$1,212,346
1,660,279 first mortgage.
Deilucl—
The common and preferred stock it Is propose<l to exchange for C. St.
$769,901 P. A K. C. general mortgage bonds, the incomes and the stock. \ genInterest
$724,550
$771,514
222,118
200,061
204,22(! eral mortgage liond will receive $1,080 in preferre<l stock. An income
Rentals
dividend on pref. stock.
(6%i27b,9i9 iiond will lie assessed $150 in cash, for which e:isli payment preferred
(6%) 267,912 (3%) 133,956
stock will be given and the bond exch.ange4l for .$2,000 of common stock.
$1,250,081 The $14,892,900 of common stock will be assessed $15 a share, receivTotal
$1,214,580
$1,105,531
Balance
def. $214,182 Bur.$106.815 8ur.$410,198 ing preferred stock for the cash paid and exchanging for new common.
A l.irge majority of each class of the C. St. P. A K. C. securities have
M. J. Carpenter. President. Chicago.— (V. 51, p. 171, 568. 680. 715
assented to the arrangement. (See V. 54, p. 720.)
V. 52, p. 680, 762, 795, 862; V. 53. p. 407, 473; V. 54, p. 276.)
The Minnesota A Northwestern mortgage is limit<>d to $20,000 per
Cliicago A St.
Chicago ic Erie.—Owns from Marion, Ohio, to Uammond, Ind., mile; the bonds outstanding Ciiver the road between
249 miles, and leases trackage over Chicago A Western -Indiana to Paul (400 mile.*) and other road; total 511 miles, with bridge at St
Chicago, 19 miles. Connecting line for the New York Lake Erie & Paul, and extensive terminals in St. Paul, Minneapolis and Dubuque.
Chicago St. Paul A Kansas City 1st mortgage lionds are a 1st mortgage
Western and the New York Pennsylvania A Ohio to Chicago.
This company is a reorganization of the Chicago A Atlantic, which upon 290 miles between Des Moines and St. Joseph and upon terminals
«tofaulted on interest November 1, 1884, and was sold in foreclosure In St. Joseph and Kans^is City, and on other road 15 miles; and further
August 12, 1890. The New York Lake Erie & Western owns the entire liave a lien uihui the mileage covered by the Minnesota A N. W. tiouds.
The general mortgage (trustees. Metropolitan Trust l^omnany of New
•took of .$100,000 and guarantees the Interest of the first mortgage
Vork and R. H. Benson of Loudon) bears interest after July 1. 1892.
bonds. See reorganization plan in V. 44, p. 369.
The first mortgage (trustees Central Trust C3o. of New York and Ed- Equipment costing $1,5(K).000 is leased from the Railway Equipment
ward Daniels) bore 4 per cent interest till May 1, 1892, and hereafter Company of Minnesota, wiiich see under Miscellaneous.
From Jan. 1 to .Mav 7, 1892 (44 months), gross earnings (estimated)
bears 5 per cent. This interest is guaranteed by Erie, as said above. Both
the first and tlie Inoouie mortgages cover 249 miles of road, tlie were $1.5.50.81 i, acnhiMt $1,359.35.5 in 1891.
From July 1 to De(f. 31, 1891 (6 months), gross earnings were $2,720,•contract witli the Chicago & Western Indiana. $1,000,000 of that company's stock and .$2 10,000 stock of the Chicago Belt Railway. See full 245, against $2,295,619 in 1890; net, $815,642. against $562,311.
Fiscal year ends June 30. Report for 1890-91 was In Cntt0.sici.E V.
abstracts of mortgages in V. 51. p. 911 to 913. See also V. 54. p. 203.
Due for eciuipmeut May 1, 1891, $416,384; 20 per cent of this sum— 53. p. 473.
EARNtSOS, EXPANSES AND CKAROGS.
$83,276 83— to be paid down and the rest in twenty quarterly pay1890-91.
1889-90.
ments of $18,927 '20 each.
1888-89.
845
887
A certain percentage of tlie gross earnings Is each year to be applied, Average mileage wned andoper'd
750
first, to payment of interest on the first mortgage bonds, second to pay«
4,360.851
ment of any adv.ances (witli interest thereon at 5 per cent) by trie, Total gross earnings
4,225,665
2,777,985
3.378,340
thirdly to the pivyment of interest ou the incomes. If the gross earn- Oper'g expenses, taxes, Insur., Ao.
3,265,885
2,140.080
ings in any year amount to $2,2.")0,000 or less, thcu this percentage is
982,511
to be 22 la per cent; if to more tli.iu $2,250,000 and less than $2,750,000.
959,780
Net income
637,905
then 25 per cent; if to $2.7.50.000 or more, and Ic^ss than $3,230,000.
Deduct
•92.276
•54,590
then 27 Hi per cent; if to $3.250.(K)0 or more, then 29 per cent.
Interest.
871.879
355,'291
In calendar vear 1891 gross earuiuga were #2,746,726, against
296,235
Rentals
236,825
$2,742.1.19 in 1890.
350,8'25
In 1890-91 (ten months to Juno 30) gross earnings, $2,159,430; net.
447,567
Total
1,108,704
$362,834; otlicr income, $10,419 total net. $373,2.53. Assuniing tlio.><e Balance
def. 470,799 s«r.608.955 Bnr.534,944
ten umnths as ten twelftlis of a year would make tlio gross earnings for
the year $2,501,315, and the terms of the arrangement with Urie would
* This interest is on the three-year notes. 5 per cent priority loan and
require tliat 25 i>er cent thereof be applied to the interest on the flr.^*t collateral notes.
mortgage bonds, and also the income bonds (after tlu) payment of the
J. M. Egan. Pre-ildent
A. It. Stickuey is Chairman of the Board
balance of the debt due tlie Erie, $2 1 6.000). 25 per cunt of $2.1."i!).429 L. Boyle, Vice-President, New York olHee. 47 Wall .street- (V. 51,
equals $539.857 deduct interest on tlie outstanding first mortgage p. 343, 608; V. 53. p. 473 V. 54, p. 1.59, 307, 525, 720.)
bonds for saiti ten nionttis, $342,959. leaves $190,897 which amount
Chlcai:o muvaiikee
St. Panl.— CVc*' Jfn/>.;— I.IXK or Ro\p.
baa been credited to the New York Lake ErieA Western Railroad Comsystem of railroads in
pany as payment on account of the debt of $216,000 as stated above. —The company operates a great consolidated
Illinois, Wisconsin, Minnesota, Iowa and Dakota, whidi are well shown
—(V. 52, p. 428. 498; V. 53. p. 795; V. 54, p. 203.)
on tlieaccom|iauyingiuap. The main thn>ugh lines an- from Chicago to
riilcaiio Fori i1Iadii«f>ii
Des »«4>Ioes.— R '"d c 'inplct^Ml Milwaukee, 85 miles; Milwaukee to St. Paul A Minuea|H)lls.via La Cros.se,
from Fort Madison to Libertyville, la., 50 miles, to bo e.Kteniled to 141 miles Milwaukee to Prairie ilu Chien. 194 miles McGregor (oppoOttumwH. la., 22 miles additional by Septtmlier, 189'2. No lionds or -ito Prairie du Chien) to Chamberlin. Dak., on tlie Missouri River, 442
stock ssued.
miltw ; Cliicago, via Savanna, on the Mississippi River, to Coaiuil Bluffs,
Chicago
Grand Trunk.—Owns from Port Huron, Mich., to Iowa. 487 miles; Marion. Iowa (near Cedar Rapids), to Kansas Citv.
Elsdou. 327 miles; leases Cincinnati Saginaw & Mackinaw (which see). 305 iriiles: Mlnueapolia to Aberdeen. Dak.. 288 miles. Ou June 30,
Durand to West Hay City, Mich., 53 miles; also uses 4 miles of Chicago 1891, the mileage In Illinois was 318; in Wisconsin. 1.374; In Iowa,
,.& Western Indiana and 4 miles (Iraud Trunk Junction Railro.td; total.
l.5.';3: In Minnesota, 1.120: n Missouri. 140; in North Fhikota. 118;
S88 miles. Stock, $(i,600,000 in $100 shares. Controlled by the Grand in South D.akota, 1,097; trackage, 4.5. Total miles openited, June 30,
Trunk of Canada, which gives a traftio guarantee of 30 per cent of gross 1891,5,706. Since acquired, TO miles. See V. 53. p. 125.
•earnings.
Also owns the entire stock of tlie Milwaukee A Northern RR. Ln.. but
Fr(un January 1 to Ma-. 31 in 1892 (3 months), gross earninea were operates it separately, its road extending from .«cliwart«bnrif,\\l<«., to
..4927^851, against £879,866 In 1891; net, £212,991, against £187,951. Champion, Mich., 254 miles, and brauohes, 108 miles.
;
;
;
—
;
Ac
;
;
n
—
;
;
;
—
;
•,
A
*
;
A
;
W
INVESTORS'
SUPPLEMENT
fvoL. Liv;
—
.
.
KAILROAD 8TO0K8 AND BONDS.
liui,t^.l
Sabaeribers
ivlll
confer a
99
faror by bItIiik Immediate notice of anjr error dleeovered In these Table*.
B'*c>t
RAILROADS.
„,,
Date
BomU—PrSS'
INTKRE8T OR DIVinKND«.
Size, or
of
of
Par
,Vor explanation of column headings, &e., see notes
I
Road. Bonds Value.
on tlrst po^c of tablen.
On^.r;3l'n«H.^„rPru1.
Where Parable, and
piU,Wl>en Do*.
bjr
whom.
MoeJw— LaM
Oindaiid.
—
Chicago Mihoaukee <t St. I'aul.—<ConelutUd.)
0'
LacroHHe & Uav. X>\v. 1 Ht mortgage
186
0*
WlKOonain Valley RR. Co. Int mortgage
107
Wis. Val. IMv.ldt M. of 1880, «. t., not dr'n.c*
161
Dub. Div.(Ch. CI. D.<feM.) lHtM.,s. f.,notdr'u.o
372
Clilc. * Pac. Dlv. iBt M. (Clilo. to Miss. Rlv)..o'
120
Western Dlv. Ist M., $20,000 per m., gold. .0' 1,267
Chic. & Lake Superior Dlv. 1st mort., gold.. .0*
68
Wis. & Minn. Dlv. 1st M. ($20,000 p. ra.) gold.
230
Fargo & Boutliorn Ist mort., gold, assumed.
119
Fargo & Soutlicru Income bonds
0*
Teniihml mortgage, gold
X>akota <fe (it. South'n 1 st M. g. ($18,000 per mile.).
1S9
Chic. & Mo. Rlv. Dlv. Istmort. ($20,000 p. m.)..o'
154
.
Inc. M.,<ouvert.,
$80,(KK) yearly (dr. atlO.'jlo'
s. f.
525
Gen. mort. (for $ir>0,0(K),000), gold Scries A.c**r
Mil. ANortliem— Istmort. Schwarz. to (ir. Kay.o*
i'26
Cons. M. ($17,000 p.m.), 1st uortli of «r. Hay.c* 362
Ohic. <t Novlh I'lic- Cli. & (it. West. 1 st M.g.lnt.gu.c*
10
Consol. mort. for $30,000,000, gold. Int. guar.o'Ar
•Chicago <t \ort/iwrsterit Coiiimou stock
4,256
Prcfen-ed sto<'k (7 p. c. yearly, not cumulative).. 4,2.'50
Peniusulur KK. 1st mortgage on road and lauds.
108
Chic. & N. W. consol. sink. fund, mort., not drawn.
788
Cliie.A Mil. 1st mortgage, ('Iiicago to Milwaukee
85
Cedar Rapids &Miss*)\n"i River.
Istni. 2d. Div., Marah'l'tu to Des. M. Rlver,&0
54
Istniort. 3d Div., Des. M. River to Mo. River
149
Mort. of 1884, 2d M. Ced. R. to Des M. River..
124
Iowa Midland 1st mort., Lyons to Auaniosa
7)
MadisonextcnR.l8tM.,g. (s.f. $2;t,000, not dr'n) 129
Menominee ext.lst M., g. (s. f. $20,000, uot dr'n) 114
Northwest. Union lRtM.,B.,Mll.t(iFond-du-Lap.
62
—
1879
1879
1880
1880
1880
1881
1881
1881
1883
1885
1884
1886
1886
1886
1880
1880
1884
1886
1890
(1,000
(12,500,000
5
500
1,I06,.'>00
7
1,000
1,000
1,000
1,000
1,000
1,000
1.000
2,:i0i,ooo
6
a
6
6,50ft,(XX)
;),ooo,ooo
25..M0,(K)0
I
2,8.'>6,000
1,000
1,000
1,000
1,000
I'.OOO
500 *c.
500 &C.
500 &c.
;
;
;
;
;
flgures, $69,000,000
on same date.
From July 1, 1891, to Mar. 31, 1892 (9 months), gross earnings were
25,019,095, against $21,153,502 In 1890-91 i net, $9,396,350, against
7,314,509.
(See V.-54, p. 701.)
f
Fiscal year ends June 30. The annual report for 1890-91 was In V.
S3, p. 288, 291.
BABNINOg AND EXPENSES.
Miles operated June 30..
Eamtnijs from
Passengers
—
Freight
MaU,
express,
4o
Total earnings
Expenses for
—
Maintenance of way
Malnt. cars and engines
Transportation
1888-89.
6,723
1889-90.
5,702
$
$
19,012,159
6,277,774
2,214,291
25,422,559
26,406,707
27,504,224
3,121,841
2,502,118
9,943,493
3,119,714
2,639,849
10,388,382
803,517
177,415
830,046
195,106
3,763,983
2,787,924
10,714,471
857,906
242,214
16,548,384
8,874,175
17,173,097
9,232,610
6509
mcoME
6504
1888-89.
1889-90.
SeeeipU—
$
8,874,175
225,778
«
Total net Income
—
18.366,500
9,137,724
66-78
Accotjirr
1^61 earnings.
Other income.
$
5,981,639
18,337,009
2,087,059
Miscellaneous
Total expenses
Net earnings
Perot, of op. exp. to earas
1890-91.
5,721
6,241,091
17,163,721
2,017,747
Taxes
1890-91.
s
9,137,724
334,207
9,232,610
220,026
9,099,953
0,452,635
9,471,931
7,054,471
7,214,155
1,296.828
7,237,251
Disbursertt^nts
Interest on debt
Dividends on preferred.
(4Jfl)
Total disbursements..
972,490
8,026,961
.snr. 1,072,992
(6)
8,510,983
lur.
941.652
A.
I'-
22,333,170
132.000
12,768,000
1,700,000
7
7
7
J.
J.
7
F.
A.
N.
D.
O.
O.
D.
J.
1\ ^•;
582,000
2,332.000
769,000
1,350,000
Q.-F.
7
7
8
3,l.'>O,()00
2,697,000
3,500,000
7
g.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A
*
M. &
J. A
A. A
A. A
J. A
M. A
S.
GENBBAL BALANCE JUNE
Assets
Jan.
July
1,
1,
Jnl7
1,
Jan. 1,
Jan. 1,
July
1,
191»
1000
1020
1020
1010
1021
1021
1889.
—
Road and equipment
183,889.871
Bonds and stocks owned.
1,197,965
Due from agent.s, &o
195,2,54
Due from U. 8. Oovemm't
31H,(X)3
Materials and fuel
1,932.491
Bonds of comp'y on hand.
738,000
Cash
2,936,609
Mch. 24,
1
8(»2
Sept.
1,
Feb.
1,
1,
1898
1010
1898
1,
1,
1,
1,
1,
1,
1,
1904
1916
1000
1000
1911
1911
1017
July
Feb.
May
June
Oct.
Apr.
June
June
30.
1890.
*
'
1891.
$
$
185,631,301
1,233.388
214,957
189,624.728
7,337.244
256,914
276,251
2.313,223
6,692,000
3,493,760
247,8.58
1,358,812
2,407,369
2,178,000
2,961,930
1,449,498
192,565,005
196,324,301
211,020,441
46,027,261
22,198,900
129,797.000
2.786,778
3,546,775
3,477,228
91,646
3,094,863
Miscellaneous
2,0-20,284
;
;
round
J.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J11I7 1,
July 1, 1921
A J.
Jan. 1, 1024
A J.
April, 189S.
A o.
JiUy 1, 1914
& J.
"
Jan. 1, 1010
A J.
July 1, 1920
A J.
Jan. 1, 1910
A J.
A J.
Mar 1, 1080
June 1, 1010
A D.
June 1, 1913
A D.
A D N. Y., Offlce, 36 WaU St. June 1, 1936
A O. N.Y.,ix>ndon,Berlln,><;c. April I, 1940
A D. N.Y.,Co.'80fflce,52 WaU Dec. 26, 1891
39,0.'i2,883
May
;
6
4,003,000
399,000
500 &0.
500 &.C.
OnoANiZATroN, Jtc—The Milwaukee & St. Paul RR. Co. was organized
rt. i863, nndon Fell. 11, 1874, took its present name.
The stock
of the Milwaukee & Northern was acquired in September, 1800, in exchange for common stock. The tlacal year ends Juno 30. The annual
meeting is held in September.
Stocks a.vd Bonds.— The prefoiTod stock has a prior right over the
ooinmon stock to a dividend of uot over 7 per cent from not earnings In
each year, but if uot earned it has no cumulative right. After payment
of 7 percent on preferred and 7 on common, both classes share yro »'a(a.
Common stock authorized, $47,062,.')60.
Dividends since 1878—On comumU in 1879, 21^ per cent from 1880
to 1884. inclusive, 7 in 1885, 4 in 1886 anil 1887,
in 1888. 2ia in
1889 and .since, nil. On preferred from 1879 to 1887 inclusive, 7; in
1888,6; in 188!), 412; in 1890, 7; in 1891, 7; In 1892, April, 3H!.
Priceof common stock-In 1880, B0H!®114%; in 1881, 101'3al29'4;
In 1882, 9(ii2*'128i4; in 1883, 91%al08i9; In 1884, 58>4®94'4: in
1885, 6434*99; in 1886, 82'8®99 in 1887, 69S8®95; Iul888,59i4®
78; In 1889. 60''s«i75i4; in 1890, 44®79»g; In 1891, 50%®82%)
In 1892 to May 20 inclusive, 75»8«8338.|
Price of preferred stock-In 1880, 99®124i«; in 1881, 116%®140; In
1882, 114®144i4;in 1883, 115®122>4; in 1884, 95''e®119; In 1885,
102®125- in 1886, 1163125%; in 1887, 110»127>4; in 1888,98>j!a
117; in 1889. 97®1]8; in 1890. 99^'ffi]23%; in 1891, 105i3'ail2S7e;
In 1892 to May 20 inclusive, 120i2®128T8.
Of the bonds given in the table above as outttandlng,$2,825,000
were held iutlie company's treasury on Jan.lO, 1891.
An alistract of the terms of some of the principal mortgages was pubUbbed in the Chronicle, V. 45, pp. 85, 114, 144, 212, and V. 48, p. 830.
Of the consolidated mortgage bonds of 1875, enough was reserved to
tak>' up the prior lionds these bonds may be stamped and diselmrged
from the sinking fuud provisions. The St. Paul & (Jhicago, the Chicago
A Milwaukee, the consolidated, the Lacrosse Division, the Iowa A
Dakota, the Iowa & Dakota Extension, the Prairie du Clilen 2ds, and
the Io\?a & Minnesota Division bonds are convertible into preferred
Stock. The terminal bonds issued in 1884 are secured by moi*tgage on
the term Iniil property In Chiciigo and Milwaukee, subject to the lien of
the general mortgage on part of the track and terminals but it covers
also other proi>erty quite detached. The "income" bonds of 1886 are
no longer properly iucomes, the payment of interest having been made
obligatory under penalty of foreclosure. They are convertible into common stock, on notice, 60 days after any dividend day, and have a sinking fund of 4 per cent. $80,000 of them being drawn for payment
yearly at 105. They are secured by mortgage, subject to prior liens, on
road from Chicago to Kansas City, about 525 miles. In addition to
above bonds there are $89,000 Hastings & Dakotii 78, due Jan., 1903,
convertible into pref. stock ; also $225,000 5 per cent real estate mortgages due in 1894.
The general gold mortgage of 1889 for $150,000,000 was fuUy deBortbed In the Ciibonici-k, V. 48, p. 830; see also V. 50, p. 205. The
United States Trust Co. of New York is trustee.
Operations, Finances, iScc—The mileage and also the stock and debt
of this company increased very rapidly after 1879, the miles owned
being only 2,359 on Jiinuary 1, 1880, and the stock and bonded debt. In
5
23,431, (H>0
1,000
1,000
1,000
1863
1866
1884
1870
1871
1871
1872
3.083,000
1,760,000
12,720,000
2,155,(K>0
100
100
J.
tt
I-
200,000
4,773,000
IOOOcSeo.
1863
1865
1863
,:!()0,(H)0
1,2.50,000
i',6oo
J
J
4,755,000
1,000
1,000
1,000
WaU
St.
W. T. Offloe, 42
J. Boston, Lee Hlgglnson.
J, N. Y. Offlce, 42 Wall St.
J,
A
&
dt
A
(7)
1,532,1,52
8,769,403
sur. 702,528
Total a.s9et8
Liabilities
—
Stock, common
Stock, preferred
Funded debt
Pay-rolls, vouchers, &o...
Interest accrued, not due.
Loans and bills payable...
Miscellaneous
Income account
39,868,961
21,610,900
39,868,961
21,839.900
123,705,0(M)
12.5,693,000
2,183,076
3,478,497
2,880,278
3,529,492
119,889
1,538,682
93,156
2,419,514
Total Uabilities
192,505,005
196,324,301
211,020,441
p. -240, 343, 381, 383, 384,416, .570; V. 52. p. 41, 427; V.
53, p. 125, 157, 200, 222, 288, 291: V. 54, p. 443.)
Tills company was organized in
Chlcaso Sc Northern
1890 In the Interest of the Northern Pacific Railroad to acquire the Important terminal property at Chicago owned liy tile Chicago * (ireat
— (V. 51.
Parinc—
western,
itc.
The Chicago
&
Calumet Terminal Railway, extending
from Huminoud, Ind., via Blue Island and Worth to La Oniiige, 50 miles
of track in all, cro.sslng 26 lines of railroad entering Chtc4»go, has
also been acquired by parties Interested In this company. lA-aaed to
Wisconsin Central for 99 years, and lease assumed by Northern Pacldo,
rental to he net earnings, and in addition thereto $:i30,(K)0 per annum,
Eayablo In gold. If these together do not sultlco to pay interest on
ends, rentals and organization expenses, the lessee shall make up the
dellcieucy, but advan' es so made shall he repaid, with interest at 5 per
cont, out of future earnings. See abstract of lotvse in V. 52. p. 468.
The Baltimore & Ohio uses this company's tcnntnals under a lease or
contract by which they pay (.as reported) l^s per cent on $26,000,000,
as rental, though it is presumed that such payiuent will not be due In
full till all terminals are complet*Ml. Other "tenants are the Wisconsin
Central, the Northern Pacltlc and the Chicago St. Paul & Kansas City.
There Is a purchase money mortgage to theClt.yof Chicago for $650,000, bearing 5 per cent and due M.iy 1, 1938. The consolidated mortgage (trustee. Farmers' Loan & Trust Company) Is for .?30,0(K1.()(X); see
abstract V. 52, p. 465. Stock Is $30,000,000: par, $10<). (V. 50, p. 662,
735, 770 V. 52, p. 427, 428, 465, 131 V. 53, p. 640, 880.)
;
;
Hm
CItlcaso dc North^Festern.— C.$ee if»;>.l— Line of Roai>—
Chicago & Northwestern (qieratcs 4,273 miles of Its own roads and controls Chicago St. Paul Minneapolis and Omaha, 1,438 miles: Fremont
Elkhorn & Missouri Valley, 1,152 miles; Wvoming Central, 130 miles,
and Sioux City ic Paeitle, 107 miles; total controlled, 7,100 miles. The
main lino fn)iu Chicago to East Omalia, la., is 492 miles, and this forma
8ractically the Southern boundary of the whole system. The Sloiiz
Ity & Pacillc and Fremont Elkliorn A Missouri Valley (lucludinx
Wyoming Central) are operated separately (1.390 miles), and their
earnings not liiclmled in those of Chicago & Northwestern, hut separately stated in the annual reports In the Ciikonicle on p. 141 of V. 51
and on p. 222 of V. 53.
OHOANtzATiON, (tc—The Chicago ANorthwestem RaUway was orgraaused lu 1859. The company has since absorbed by consoUdatlon a larga
number of other roads.
In December, 1882, a controlling Interest was acquired in the stock of
the Chicago St Paul Minneapolis A Omaha Co. liy the purchase of
53,800 shares of preferred and 93,200 shares of common stock.
In July, 1884. the leased lines lu Iowa (Bhilr ro»<ls) were acquired on
the terms stated lu the Supi-i.ement of June, 1885, and prior issues.
The hscal yejir ends .May 31. The annual meeting Is held early In June
In December, 1891, the Milwaukee Lake Shore & Western Railroad
was Ixiuglit by an exchange of C. & N. W. stock, viz.: 10 shares of C.
N. W. ooinmon for 9 of M. L. 8.
W., preferred and 3'9 per cent la
cash; also 4 shares of C. & N. W. common for 5 of M. L. S. 4 W. Tte
road will be operated separately.
Stocks and Bonds.—Of the coraraon stock $2,331,983 remained
the company's treasury In December. ISCl. after the purehase of th*
Milwaukee Lake Shore & Western stock. Preferred stock baa a prior
right to 7 per cent; then coniuion 7 per cent; then preferred 3 per cen^
then common 3 per eent; then both chiases share.
Divldeuds since 1875 have been— On common stock in 1873 and
1879, 5 pt^r c«nt; in 1880 and 1881, 6; from 1882 to 1884, Inc. slva,
7; In 1885, 6'a; from 1886 to Dec, 1891, both inclusive at rat of 6
per cent yearly. Ou preferred In 1876, 2Hi i>er cent In 1877, S"* Iroa
1878 to 1881, Inclusive. 7; in 1882,7%; in 1883 and 1884, 8; In .885.
7>4; from 1886 to March, 1892, both Inclusive, at rate of 7 pa eent
yearly.
Price of common stock— In 1880, 87i6»130; In 1881, 1171»l '6; ia
1882, 1243150%; in 1883, 115'«ai40>«: in 1884, Sl>9ai24: in I>'8S,
84383116%; in 1886, 104>4'»120ISb: In 1887, 104>«9127'8; in 1888.
A
A
b
;
91
UrVESTOBS' STJPPLEMEN'l'.
[Vou UV.
"
.
.
Mat,
RAILROAD STOCKS AND BONDS.
1803.J
Snbucrlberii ivIU confer a great faror by Klvlntc
RAILROAI>e.
Tor explanation of column headings,
on
ChicftffO
first
page of
Mllei
&o., see notes
tablea.
Anionnt
Ont«tandiag
When Wbera
pal. When
Pavahle, and by
Stork*—
whom.
Payable
Dividend.'
—
—
Xorthicesteni (Concluded)
N. W. general connol. M., g., s.
rf
Date
9S
Immediate notice of any error discovered In these Tables.
jioiidt-r
IMTEHE8T OB DIVIUKNOS.
81«e, or
of
of
Par
Road. Bonds Value.
f., not (Ir'n 1,058
1872
*
31 •70-'80
Menoiuluce Ulver iHt mortgage, two series
Mil. & Mad. iHt mortgage, Milwaukee to Madison
82 1880
Chicago A Tomali 1st mortgage
\
152 51880
Chicago MilwauUce & N. W. construction bonds )
U882
Kscaiiaha L^ Lake Superior UK. 1st mortgage
43 1881
DCS Molnc* & Minn. 1 st M.,l)08 M.to .Iewell.Ic.,&c.
67 1882
Ottumwa C. F. & St. P. Ist M., guar. ($J.">,00« p.m.)
64 1884
Northern Illinois 1st mortgage (iji'iO.OOO p. mile).
75 1885
C.&N.W.B.f.l)M«of '79(ii'l.'>,(l<>(>p.in.)re(l.atl05.cAi 1,041
1879
lowaDlv. iKtM. for$l,411,0(IO(iicjO,000 p.ni.)c*
71 1891
1883
Binklng fund debentures <)r llt.'i:j (not dr*u).e"Ar
Delieutiire lionda of 190!) (for $0.(100,000). c*.tr
IMSI
ISOl
c*Ar
30-vcar dehculures for $10,000,000
Extciiaion Is (!|iV!0,000 per mile)
cAr
IbSO
Other small issues (see remarks)
Winona A St. Peter 2d nu>rtgago (now Ist) guar.. 139 1870-1
1st mortgage extens., gold, land grant, s.f., guar.
184 1871
Maple RIverlKtm. Maple Kiv. .Ic. to Mapleton,gu.
60 1877
Boch. ife No. Minnesota lat mortgage, guar
24 1878
Dakota Cent. ]stM.,\Vatertownto Keiltield, gimr.
71 1882
1st nuirt. on Southeast DIv. (to Ilawardeii) guur.
125 1882
Fremont Elk. & Mo. Val. consol M. (s»'e renuirks).' 1,169 1883
1883
8. C. <& Pac. Car Tr.. ass'd,$40.0()0 dr'n yearly.o
Sioux City & Pac. i>ref. stock (1st inort. on 6 in.).
"e
1st mortgage (assumed by C. & N. \V.)
102 1868
2d M. Goverum't lien (accrued int. $2,237,749). 102 1868
Mo. V. & Blair RR. Bridge, 1st, re'ble after 1893.
1883
"86 1880
Chicago iC Oh io Rivei Ist mortgage (for $500,000)
Income bonds
188G
Ohicfii/o Peoria it St. i/0«i«— Ist morti^ige, gold... c*
120 1888
1st ionsol. M. g. ($1.'>,000 p. m) (300,000 are 68).c*
170 1889
vjhlc.
1
$500Jtc. 912 ,336,000
1
600,000
6
1 ,528,000
7.^0,000
1,000
1,000
720,000
600.000
J, 000
1,(KK)
,600,000
,500,000
,1S5,(K)0
M.
M.
M.
6
6
6
J.
K.
7
5
S
46
M.
M.
*
4
4
4
4
4
4
4
4
4
4
4
4
D. N.Y.,Co.'»OBlco,52 Wall Dec.
do
du
J.
July
8.
N.
N.
J.
A.
8.
B.
1
,00040
1,000
700,000
413
A.
1
,0O0Ac
I
.OOOite
S
6
5
M.
H.
l.liOd.Vc
,800,000
.000,000
,000,000
l,UOOAc
,(i:tj,ooo
4
F164A.
6
A.
O.
O.
N.
N.
A1540
379,000
4
;«•
4
M. 4
7
J.
J.
402,500
200,000
159,000
169,000
100
500 <Scc,
600 Ac.
,628,000
,628.320
1,600
1,000
A.
M.
3>a
A.
6
J.
J.
J.
6
6
809,000
250,000
618,300
100 "&c.
M.
M.
6
6
6
6
,065,000
,000,000
,725,000
1,000
1,000
M.'4N.
7
,592,000
,067,500
I'.o'oo
tiC.
100
,
—
J.
J.
5<)0,(MK)
I'.OOO
M.
M.
M.
M.
%'
,500,000
,041.000 5
5
g.
g.
46
4
4
4
4
4
4
4
4
4
4
4
4
D.
J.
8.
8.
N.
O.
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
do
do
do
do
Nov.
Nov.
Jnly
Feb.
Mvb.
Mob.
Oct.
Apr.
May
Nov.
1887-88.
1888-89.
1025s®116: in 1889, 102i3®114'8; In 1890,983117: in 1891, 102i«®
Erpenset118^; in 1892 to May 20 inclusive, ll\''»'a>l'Z\''%.
$
$
Price of preferred stock— In 1880, 104«146i2; in 1881, 131 >8'a>147>ii; Maintenance of way. 3,351,700
3,160,704
In 1882, 136»175; in 1883, 1343157; In 1884, 117®149>a; In 1885,
oars, 4c. 2,507.073
2,370,125
119%ail39T8; In 1886, 1353144; in 1887, 138®145i2: in 1888,13614 Transport'n 4 lulscel. 10,055,684
9,788,821
al46; in 1889.135314412; In 1890, 1343148; in 1891, 130®142's; Taxes
755,742
701,637
In 1892 to May 20 Inclusive, 141ia®l46.
The sinking fuml bonds of 1879 are secured by a deposit of mortgage
Total expenses.
16,670,799 16,027,287
bonds on the new roads acquired at the rate of $15,000 per mile, and Net earnings
10,026,7.59
9,664.972
the terms under which these are Issued were published In V. 29, p. 277. P. o.exp. to earnings.
62-38
62-44
$6,305,000 of them are 6s, and the sinking fund Is at least 1 per cent of
INCOME
ACCOUNT.
outstanding bonds, the bonds being drawn at 105. There are several
1887-88.
small issues of bonds in addition to those in the table above, viz.: Min1888-89.
Receiptsnesota Valley Railroad, $150,000 7s (April and October), due October 1,
$
$
1908 Plainview, $100,000 7s (March & September), due September 1, Neteamings
10,026,759
9,664,972
1908 Chicago Iowa 4 Nebraska, $120,000 tirst mortgage 7s (February Investments, etc
528,948
285,377
and August), due August 15, 1892. Of the funded debt $1,739,500 live
bonds were in the sinking funds Oct. 1, 1891.
Total receipts.
10,555,707
9,950,349
Disbitrmmeniit—
The Iowa Division bonds of 1891 for $1,411,000 were authorized for
the retirement of a like amount of bonds maturing. They cover road Interest on debt
5,744,105
6,825,833
from Wall Lake to Kiugsley, lowsj, 71 miles.
Dividends
3,444,.504
3,444,504
The sinking fund debentures of 1933 were issued to pay for the Clil- Sinking fund
58,000
58,000
cago St. Paul Miuueapolis 4 Omaha stock the sinking fund for these
bonds is $200,000 per year, if they can be redeemed at 105.
Total dlsbursm'ts. 9,246,609
9,328,337
In June, 1884. $6,000,000 5 per cent debentures ,ind In 1891 $10,- Balance, surplus
1,309,099
622,012
000,000 similar debentures were authorized; any future mortgage on
GENERAL BALANCE HAY
the property of the company, excepting any mortgage "for th« enlargement, improvement or extension of the company's property
1889.
.
;
;
U
if
if
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
Ifl
l|
If
l|
If
_
If
if
18JK2-1008
Nov.
Dec.
July
8ept.
Bcpt.
Nov.
Oct.
\
N.
If
Apr. 15,
Aug. 15, It
Mar.
O.
Apr.
J.
Jan.
J. U.S. Treas., at maturitv. Jan.
J. N.Y.,Bost. Col. Nat. Jilt.. Jan.
N. Int. funded for 3 years. May
N.
No coupons paid.
May
8. N. Y., Amer. Ex. Bank, Mar.
8.
If
1,
1,
8cpt. 1,
I
May
1889-90.
1907
1916
1807
1908
ia07
1,
1,
1,
1,
I,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1#7
ipi
in«
1893
1898
1898
1923
1916
1916
1928
1939
1890-91.
$
$
3,680,437
2,569,167
10,401,398
754,103
3,353,694
2,855,480
11,227,365
854,476
17,405,105
9,759,732
18,291,006
9,502.668
05-81
6407
1890-91.
1889-90.
$
$
9,759,732
340,739
9,502,668
259,585
10,100,471
9,762,253
5,826,936
3,444,979
202,570
5,880,390
3,445,804
201,301
9,474,485
625,986
0,527,495
234.758
;
31.
1890.
1891.
shall Include these debeUtures.
The Chicago 4 Northwestern extension bonds of 1886 are direct bonds
of the Ciiicago 4 N()rtliwestern Company, secured by the deposit in
trust of tlie lirst mortgage bonils of roads constructed or acquired, at a
rate not exceeding .$20,000 per mile. The mortgage Is for $20,000,000,
and the Uui»in Trust Company of New York Is trustee.
The FremonJ Klkhorn & Missouri Valley bonds have a first Hen on
1,169 miles (Fremont, Neb., to Deiwlwood, D. T., 557 miles, and
branches to Hastings, Albion, 4c., 612 miles), hut besides the amount
of issue given as outstanding In the table $10,675,000 are held as part
collateral tor Chicago 4 Northwestern extension bonds of 1886. The
Nortliwestern assumed $3,600,000 of the Fremont Elkhoru 4 Missouri
Valley bonds and guarantees the remainder.
Land Grant.— The report for 1890-91 showed that the total consideration for the lands and lots sold in that year amounted to $431,674.
Net cash receipts were $433,127. The statement of amounts secured
to be paid to tlie company by outstanding contracts of sale In force at
the end of the fiscal year showed a total of $1,063,920. The lands
unsold and uncoutraoted for May 31, 1891, were 869,929 acres.
Operations, Finances, 4c.—The Chicago 4 Northwestern Railway
bas pursued the policy of extending rapidly Its lines in the Far West^
From Jan. 1 to March 31, 1892 (3 month.s), grojs earnings were
$7,000,954, against $.), 630.325 in 1891.
In the calendar year 1891 gross earnings on 4,273 miles were $29,395,791, against .$281,70.026 on 4,258 miles in 1890; net earnings,
10,273,156, against .$9,090,823; fixed charges, $6,139,023, against
f 5,637.297; dividends, $3,445,804, against $3,445,629; surplus for
year, $088,.329, against .$(>16, 897. Included here lu the fixed charges
»re payments to sinking funds of $410,425 in 1891. against only $201,301 in 1890. The above statement does not include the operations of
the trans- Missouri lines nor does it include the income from land sales.
Bee editorial V. 54, p. 225.
Fiscal year ends May 31. The surplus of the year 1890-91 from
operations was as follows: From the Chicago 4 Northwestern Railway,
$234,758; from tlie Trans-Mis.sourl lines, $51,951; from the land department, $433,127; total, $719,836, available for improvements, 4o.
The following statistics are for the Chicago 4 Northwestern proper
the statistics of tlie Trans- Missouri lines are given In the Chrosiolb, V
53, p. 199, 222.
ROAD AND EQnrPMKNT.
Tot. miles oper'd
L<icomotlve8
Passn..4c..car8..
rr'ght,4o.,oar8..
1887-88
4,211
1889-90.
4,250
4,2.50
1890-91
4,273
766
509
786
546
806
558
846
558
24,262
25,746
26,384
26,348
OPERATIONS AND FISCAL RESULTS.
1887-88.
1888-89.
1890-91.
1889-90.
Pass'gerscar'd.
10,787,420
11,465,903
12,142,783
13,184,829
Pass'g'r mlle'ge 272,745,019 279,210,717 289.699,3,83 309,212,070
Efep. pas.p.m.
2-30 cts.
2'24 eta.
2-17 cts.
217 ets.
Fht. (tn8)niv'd.
10,912,315
11,154,715
13,138,110
13,616,872
Fht. (tns) m'ge* 1938,044,102 1804,701,696 2000,182,603 1950,037,071
1-01 cts.
Rate p.ton p.m»
1'02 cts.
0-98 cts.
1-02 cts.
Earnings—
$
Passenger
6,279,621
19,118,797
1,299,140
6,261,277
18,193,646
1,237,336
6,285,179
19,054,213
1,225,445
6,700,351
19,829„34 1
1,263,982
Total earnings.... 26,697,658
25,692,259
27,161,837
27,793,674
4o
$
Bondsowned
11,199,310
153,403.472
11,219,551
Stocksowned
Laud grant investments
Bills and accounts receivable..
12,467,1.59
12,151,.500
Materials, fuel,
4c
Cash on hand
Trustees of sinking fund
Total
Liabilities
Stock,
—
common and
276,000
422,794
1,977,541
1,644,709
3,204,384
4,522,402
1,825,439
1,978,007
2,148,880
4,747,971
157,193,271
•14.912,909
111,966,500
675,000
1,751,922
2,026,245
2,680,248
5,600,101
186,114,163
187,897,614
196,806,196
150,822,6.58
63,720,320 :63,72O,320
579,110
529,885
Bonded debt
105,1 21, .500 104,985,500 112,570,500
Dividends declared, not due..
1,331,599
1,332,075
1 ,332,975
Sinking funds paid
4,972,271
4,522,400
4,747,970
Accretions to sinking fund
627.830
Curnuit liills, pay-rolls, 4o
2,102,309
1,946,601
1,294,873
Uncoltected coupons, 4o
147,458
176.327
177,131
Due to roads in Iowa
984,612
1,048,092
1,302,195
Note of Consol'u Coal Co
125,000
125,000
Accrued and .accruing Interests
1,649,017
1,574.828
1,573.344
Miscellaneous
244,649
120,087
167.369
Land Income account
1,954,421
2,387,548
1,570,715
Railroad income account
4,925,649
5,371,977
5,470,733
preferred,.
Stocks of proprlet'ry roads, 4c.
63,700.320
584,360
II
Total
186,114,163 187,897,614 196,806.196
luclndes Fremont Elkhorn 4 Missouri Valley consols and Wyoming
Central Railroad firsts owned and pledged as collateral for extension
fours of 1886, $11,015,000.
t Includes Clilcago St. Paul Minneapolis 4 Omaha stock. $10,000,000;
Fremont Elkhorn 4 Missouri Vallev stock, $1,966,.500. Also owns Chicago 4 Northwestern common stock, $10,(X)7,520, and preferred stock,
$2.284— Included on other side of the account.
J Including $10,007,520 coiiiiiKm, and $2,284 prefd In co.'s treasury.
Including live bonds in sinking hinds and owned by company, wblcb
Amounted May 31, 1891, to $1,739..500.
(V. 50. p. 154, 174. 800; V. 51, p. 141, 157: V. 52, p. 219, 761, 832,
862; V. 53, p. 156, 199, iSa, 793, 922; V. 54, p. 225, .525).
Chicago
Ohio River.— Line of road from Sidells, ni.,to01nev,
86 miles. Successor of the Danville Olney 4 Ohio River, foreclo.«ed In
February. 1886. Three years' coupons of the first mortgage Irands
have been funded. Stock authorizeii. $I,.500.0<)0; outstjiudinir June 30,
1889, $438, KOO; i)ar,$lOO. In 1888-><9. gross .$77,016; net, $13,290; Interest, $13,980; deficit, $690, against $15,285 In 1887-8. Austin Corhln,
Vice-President.
Chicago Pcorin ic St. E,oul!i.—Owns fiom PeMn, IIL, to Jack.wn
•
II
—
&
1888-89.
Operatiom—
Freight.
Mail, express,
Road and equipment
ville. 111.,
St. Ix>uis,
and Havana to SpriiiL'field, 120 miles, and Litchfield to Bast
50 miles; uses the Merchants' Bridge into St. Louis, and leases
50 miles.
.Springfield to Litchtleld, old St. I.ouls * Chicago RR.. etc.,
Oiwrated in close connection with the Litchfield Carrolltiui
4 Western.
CoUimbiaua, 52 miles; the Louisville 4 SI. Isnits. Ccntralia
17 miles; and the Jacksoii\-ille Louisville 4 St. I»uis, 112
miles; Jacksonville to Centruli.i, 111., 112 miles; total system 401
miles. The extension to E;ist St. Louis. 50 miles, w;is completed la
August, 1890, and in Novemlier. 1890, under a tralfle agreement with
the Atchison Topeka 4 Santii Fe, a through line was opened between
Chicago and St. Louis. (V. 51, p. 608.) An extension to Bock Island
Is to be built.
In September, 1890, leased the North 4 South Illinois (which see).
The Chicago Peoria 4 St. Louis 1st mortgage bunds were described in
Barnett to
to Drivers,
36
INVESTORS' SUPPLEMENT.
;
May,
,
RAILROAD STOCKS AND BONDS.
1898.1
S7
Subacrlbers will confer a great favor br Kivlna immediate notice of anjr error discovered la the** Tabl«a.
RArLROADB.
For explanation
column
of
on
Ilrst
paKV
MUes Date
liendinK", Ae., see notes
of tnl>leB.
Chicago Peoria rf W. Loiiin—fPonrlndfd.) —
CoUKol. nuut. for $'.;o,()<K) per mill', pold
o
A
Jiuksoiiville Limisv.
St. L. 1st M.,k<>1i1i Knar.c"
Ohiriiil" ilmic Inlaiiil iC l'uc.~Htoi-k (for $r)(),()iM).(MH))
iKt iii(Mt.,i:iili!., Ill.,ti>C'oiiH(il Klunsii'liiiinclieB.«*
CUlc. ik Soiitliw. l»t M. (K'll in cur. by (!.K.I.&K).
iHt M. «xt. luid col. ($20,000 i«. m.) ri^il. lift. '0-l.(%tr
I)cl>enturo bonds (redei-nialilo at 105)
o*.fer,
Ohiriign
OAiraf/n
of
of
170
112
736
2(18
1.892
Kansas (ilii—HKK Ciiicaho <Se Grba
MmncapoLis i£ Omaha— Com. stock,
Pren^ned stock
A Taylors' Fall» 1st mort. ...0
River Falls 1 st moi^pwf^
ChiuaKo St. Paul & Minn. 1st niortitntro, cold...o'
Hudson
Bt.
it
I'.&Kl'xC. l8tM.,«.(!(i7,000,000).'(ilO,OOOi).m.o
North Wisconsin 1st
inort^fa^ro
o^
21
12
177
607
80
ni(irt..fnrlf:i(),(i(M),00() (Iftl .5,000 per tu.),0' 1,374
HinneapoliH Kiistcrn, 1st niort^a^e. ^nar
A Houtlnvostern 1st M., Knar o
37
Chir. a West, /ik/koio— 1st M., (f., s.f., dr'n at 105.0
48
Consol.
Sanlt 8te. Mavle
(Jrneral ninrt., Kohl, sinking fund, r«d. at 10,%.. o'
Ohu-ugn if Wrsl .UiVA.— (Htock author. ($(i,HOO,000)
Grand Rapids NcwavKo A Lake Hh. 1st M. 'Jd Dlv,
Ohio. & West Mich. Kcuenvl nlort.($l•J,(IOOp.^l.).cChlc. A -Vo. Mich. lstM..)fUiir.,!(ilK,0()Oprrnille.c*
Ohipperen ro((f//— 1st M.,K.,.f Ai for *! ,S0t),00O o*
Ohnctaw Ooal -t K'u— Ist M.,KOld,iti20,000 per Mile.
Becelver'a oertlnoatcs
Par
Road. BnudH Value,
SI. I'lnil iC
St. ruul
Bt. Piiiil Stillwater
BIzc, or
I
48
10
482
93
47
6.5
65
INTKRK8T OR DIVIDRNDS.
Amount
Outitandrn* S»*«
ouuttamllDg
P®*"
^.^J^^
I
A
filed,
May
7, 189'2, gross earnings on whole system were
$432,560, ag.alnst $;i:i8,5n:! in 1891.
For year ending Juno yo, 1891 , gro.ss earnings on whole system were
$905,331; net. $'280.18(). From July 1 to Dec. 31, 1801, estimated
fTOSs earnings wore ,$59«.8(>i); net. $209,604; interest charges same
Inie. $107,025.
S. Hook, Preside.it. Jacksonville. lU.
.tan. 1 to
W
Kork island
ParlHc—
Sc
^.See JfR/);— LrNB OP RoAD.—
to Council BluB's, 499 miles; Davenport, la., to
Atohl.son, Kan., 342 miles; 16 branches to KnoxvlUe, St. Joseph, etc.,
898 miles; total, 1,239 miles.
Also owns road formerly belonging to the Cliicago Kansas A Nebraska
Ky. Co.— Elmwood. Kan., to Liberal. Kan., 440 miles; Herlngton, Kan.,
to El Reno, I. T., 232 miles; Horton, Kan., to Roswell, Col., 569 miles
HcFarland, Kan., to Belleville, K.an., 101 miles; branches to Saliua,
(total Chicago Kausiis A Nebraska, 1,486 miles) ; grand
etc., 126 miles
total owned, 2,725 miles total leased, 351! miles.
Leases; Peoria A Bureau Valley Railroad. Bureau Junction to Peoria,
47 miles; Keokuk De« Moines Railroad, Keokuk to Des Moines. 162;
Des Moines Fort Dodge Railroad, Des Moines to Fort Dodge and
Buthvcn. 144 miles.
Leases trackage Cameron to Kansas City, Mo. (over Hannllial
St.
Joseph Railroad); Kausivs City to North Topeka. and Limon. Col., to
Denver (over Union Pacitic Railroad); Denver to Pueblo (over Denver
Rio Grande), total 330 miles; grand total April 1, 1891, 3,408 miles.
Extension thrgugU the Indian Territory uuilor construction. See V.
64. p. 597.
Clilcaso
Owns from Chicago
;
;
A
A
A
:
A
Organization.—The Chicago A Rock Island Railroad was chartered
Febniary 7, 1851, and opened from Cliicago to the Mississippi
River, July, 1854. The present Chicago Rock Island A Pacitic was a
consolidation June 4. 1880. with .$50,000,000 stock authorized, and a
«tock dividend of 100 per cent to the holdei-s of Chicago Bock Island
A Piiciflc stock. The annual election occurs in June. The Chicago
Kansas & Nebraska theretofore leased was purchased fi.t toicclosuro sale
In April, 1901. and Is now ownod in few .iiiiipic. see V. 53, p. 223.
Stock and BoNDs.-Dividends since 1876:- In 1877 and 1878, 8 per
cent; in 1879, 10; in 1880, m, ca.sh and 100 per cent in stock; from
1881 to 1887, inclusive, 7 ; In 188S, (iig; In 1889, 4; in 1890,4; in 1891
8 per cent; In 1892, February 1 May, 1 per cent.
Price of stock: In 1884, 10014312634; In 1885, 105®132; In 1886,
laoiu^iai; In 1887, 1093il40'e; In 1888, 94^8® 114'9; in 1889, 89ia-a>
104%; in 1890, eiiaaoasa; In 1891, 63'<8®90is; in 1892, to May 20,
Inclusive, 78'«®94i4.
The extension and collatcr.-il trust 5 per cent bonds of 1884 (trustee
of moitgage United States Trust Company) are issued at the rate of
$15,000 per mile for single track, $5,000 per mile additional for equipment and $7,500 tor second track. They are secured by tiie
direct lien of a tirst mortgage or by deposit with the tnistee of an eqiuil
amount of tirst mortgage 6 per cent bonds of brancii lines. After July
1. 1894. they are redeemable at 105iutheoidcroftheirnumbers.beRlnuing with the lowest. The Chicago Kansas A Neliraska mortgage
for $26,000,000 deposited as part security for these bonds having been
foreclosed in April, 18'J1, tile extension and collateral trust 5s ai-e now
a direct lien on the Chicago Kansas A Nebraska mileage. See V. 52, p.
427. 680, 795 V. 53, p. 223. (See abstract of the extension and collateral trust mortgage, etc., in Ciiuonicle, V. 47, p. 260, 261. 262.) In
Nov., 1891, the amount outstauding was increased $1,470,000 to pay
for tlie 98 miles road built in 1889 from Pond Creek to Miiico, I. T.
The debentures of 1891 (U. 8. Trust Co., trustee) were Issued to pay
for terminals and betterments as ueoxled. The issue is for $10,000,000
•ad the bonds are redeemable on notice any coupon day at 105.
From April 1, 1891, to March :^1, 1892 (12 mouths), gross earnings
(estimated) on 3,4(!I miles were $17,519,613, against the estimated
gross earnings, $16,186,775, on 3,354 miles in 1890-91.
The liscal year ends March 31. Annual report for 1890-91 In full was
In V, 52, p. 875, 898, 900. Earnings, Ac, have been as follows :
1888-89.
1890-91.
1889-90.
Miles owned and operated.
3,257
3,408
3,339
In Illinois
Jnno
1
1041
Jan.
1
1II40
May
2,
JM«a
1917
1899
1934
1921
July
Nov.
July
Sept.
1,
1,
1,
1,
Jan. 20, 1899
Jan. 1, lOOf
July 1, loot
May
Apr.
Jan.
June
Jan.
Nor.
Nov.
1,
1,
1
1,
1,
Dec.
1,
I,
1,
Feb.
1.5.
June
I)**.
May
191$
191$
1930
1930
100»
I01&
19I»
I93«
1K93
1.
1905-
1,
1,
1,
1,
1921
1031
Jan.
192»
Jan.
I92»
Deo. 31, 18»1
IMCOHB ACCOUNT
1880-90.
—
1800-01.
Receipts
Net earnings
From land department
Premium on iionds, etc
Chicago Kansas A Nebraska
seourinc bonds
to bo Issued at $20,000 per mile upon present mileaKe (sutlloient bonds
beiUif reserved to return prior bonds when due) and upon the lino
which the company proposes to build from Rock Island to a point on
tlie Illinois River opposite Havana, also on a line, if built, from Litcliflold to Sprinwtlold; the Motropolitiin Trust Co., of N. Y., U trustee.
Prom
Wiom.
?«
A
mort);ag6 was
Pnrtfft
VnvnMe, knd by
$1,000
$1,52,000
3. * D. N. Y., Amor. Ex. Bank.'
l.OOO
1 ,t)HO,(IO0
5«. J. k J. N.Y.,DnnniSrn«.,40Wiill
100 46.1.56,000
Q.— F. Now York jtnd CIiIcoko.
1877 l.OOOAc 12,100.000
6
J, A J.
N. Y.. 13 William Bt.
18«9 100 An.
5,000,000
do
ilo
7
M. A N.
1S84 l.OOOAo 34,9K9,IX)0
5
J. A J.
do
do
1891 l.OOO&O
tS.il 8.
2,000,000
do
5
do
t Wi;» ti;rn.
lOO
18,.5.59,427
100 11,2.59,»13
8
J. N.Y., Office, 52 Wall St.
1878 500 .Sic
334.800
7
J.
do
do
1,000
1878
125,000
J.
8
do
do
1878 50O Ac.
3,000,000
N.
do
do
s«1879
1.000
6,070.000
O.
do
do
1880
1,000
800,000
J.
do
do
l-iSO
1,000
13,41.^,7.50
6
D.
do
do
1879
7.-.,000
J.
do
do
7
1800
i'.obo
400,000
6
N.
do
do
l.OOO
1879
1,894.000
N. N. Y., I>rexel, M. A Co.
6(5.
1882
1,000
7.3nt),««6
-M.
do
6 K.
do
100
6,038,200 See rem.
A A. Boston Of., .50 State St.
1875
2-1,000
Boston.
7
A D.
i',6oo
1881
6,467,000
5
A U. Bost'n. Nat.WelM>t«TBk.
1891
1,000
406,000
6
do
.A M.
do
18S8
i.ooo
700,000
A J. New York and London.
5«1890
1,000 hypotheo't'd
6 g.
A J.
1891
500,000
tral Trust Co.) is Ihulted to .$1.5,000 per mile, $1 ,500,000 helm; reserved
to retire first mort^'aKO at maturity. The Jacksonville Louisville
Bt. Louis is successor to the Jacksonville Southeastern, which was sold
In foreclosure May 11. 1890. Its bonds are j^uarauteed principal and
Intei-est by this company, which owns f l,(X)0,0<)0 of the ,racksonvllIe
roail's $1,500,000 stock. Btook of Chicago Peoria
St. Louis RR.,
$3,.5(X),000.
now consolidated
Payable
y^"*
mm
1890
Chronicle. V. 48. p. 223. Thoflrst consolidated mortKaee<tm8tec, Cen-
In June, 1891, a
*''»'"
$
5,163,004
,
Interent..
Total Income
—
Dittharaementg
Rent leased roads
Interest on debt
Missouri River bridges
Dividends (4 per cent)
,
6,0.59,840
91.3.50
35,9.50
08,650
1,200,640
1,216,662
6.500,934
6,375,192^
1,784,024
2,625,550
1.872,113
2,714.080-
105,580
1,846,228
1,846,232
188..538
Total disbursements
0,451,382
6,621,833
Balance, surplus
49,552
246.681
—(V. 51. p. 829. 875; V. 52, p. 41, 121, 238, 280, 427. 680, 795, 862,
875. 898, 899, 900; V. 53, p. 157, 223, 474, 793; V. 54, p. 119, 507.1
Cliicago St. IjouIii Sc PlttsbiirK.—.Bee Prms. CtN. Cure. A St. L.
Chicago St. Paul Sc Kanitae City.—See CiiiCAOo Great WkstEKN.
rhlcaso
St.
Paul minncapolta
&
Oma.mi.—(Set Map CMeoMt
<t yorlhteeslem.t—Miiin line— Elroy, Wis., to Omaha, Nob., 593 nilles^
other lines, 888 miles; total, 1,481 miles, of which 1,374 miles ara
owned, 65 miles lca.sed and 42 miles proprietary road.
This was a consolidation July, 188(5, of the Chicago St. Paul A Minneapolis, the North Wisconsin and the St. Paul A Sioux (Jitv.
Stock liiithorized is Common, $21,403,293 preferred, $12,646,833.
In November, 1882, a controlling Interest In the stock was purchased
for the Chicago A Northwestern Railway by the acquisitUm of 93.20O
shares of common at an averaite price of 48-40, and 53,800 shares of
preferred at an average of lOt-04.
Preferred stock has a prior right to non-cumnlative dividend of 7 per
cent; but conimon is never to receive more than is paid on pi-efcrrea.
Dividends on preferred stock: From 1881 to 1884, inclusive, 7 per
cent; In 1885, 4^; frmn 1888 to 1888, inclusive, 6 percent; in 1880,3;
in 1890, l; in 1891, 4: in 1892, Jan., 3.
From .Tun. to'Marcli 31,1892 (3 mos.) gross earnings (partly estlmoted) were $2,015,.")i)5, agai-'st $l,493,39'21n 1891,
Report for 1891 was In Chromct.e, V. 54, p. 558. The land sales In.
1891 were 110,231 acres, for $629,890, including lots; land contract*
and notes on hand December 31, 1891, $1,100,10:!; lands undisposed
of, 496,962 acres. Earnings, etc., have becu ae follows:
:
;
INCOME ACCOUNT.
Earnintit—
Pa.ssenger
Freight
Mail, express,
1889.
$1,687,909
4,405,4,50
Ao
1890.
1891.
$1,677,130
4,845,392
$1,9.56,982
5.718,281
324,499
3-.^5,708
346,049
$6,417,858
Operating expenses and taxes. 4,484,412
$6,84S.3'20
4,788,569
$8,021,312
5.446,1 14
Net earnings
Not from land grants
561.4-26
$2,059,751
450,715
$2,575,198
468.728
$2,494,872
$2,510,466
$3,043,026
Rentals, etc., paid
$90,644
Interest 011 debt, less credits... 1,323,614
Di\-ldcnd8 on pf stock
(4) 450,272
$92,731
.".
;
;
Eaminya—
Passenger
$4,358,502
Freight
10.918,370
Moil, express, rentals, etc..
1,296,575
$4,613,822
11,828,794
1,196,445
$4,762,894
11,513,845
1,196,893
$16,573,447
12,086,000
$17,639,061
12,475,067
$17,473,(i34
$4,487,447
72-92
ef oper. exp. to earns..
$5,163,994
70-72
$5,059,840
71-04
Gross earnings
Operating expenses
Net earnings
P. «.
12,413,794
Total gross earnings
$1,933,446
Total Income
Deduct—
.
Balance surplus
-(V. 50, p. 370, 449; V. 52,
$630,342
1, '280.228
(4) 4.50,-272
$687,235
$105,993
1,346.8'27
(5)
562,840
$1,028,260
p. 293,461,534,832; V. 54, p. S58.)
Chlcajco ic IVestern Indiana.—Owns from Dolton and Bam
mond. 111., to Chicago, with a belt railroad and branches, with wsro
houses, elevator, Ac, four main tracks, aggregating 98 miles, and with
sidings,156 miles of track in all. Including '2d. 3d. 4th and siding tracK
(of wliich 51 miles are leased to Belt Railway of Chicago) and anout
400 acres of real estate. Lca.ses road and tenulnal facilities to the
Wabash, the Chicago A Grand Trunk, the Chicago A Eaptem I'llnoi.s
the Chicago A Erie and the Louisville New Albany A Chicago, each of
which dve companies owns $1,000,000 stock, and also to the Atchison
Topeka A Santa Fe the annual rentals stipulated exceed tho interest
;
charge consldcrahly.
Capital stock, $5,000,000, all owned as above stated. Dividends are
paid at irregular iutcrvals. The IkmkIs are liable to bo redecmcil at any
time at 105 by a sinking fund, which is proviilci* for by increased rentals
to be paid for that pun'ose. Sinking fund payments (In 1890 about
$100,000) apply only to 1st niortirage lioiids till these arc all redeemed.
In 1891-92 $1,000,000 new bonds were Issued for improvements, Ae.
See V.52, p. 204 ; V. 54, p. 761
Report for 1890 was in V. 52. p. 898
(V. 52, p. 204, 278, 862, 898; V.53, p. 256; V. 54, p. 725, 761.)
Chlcaxo ic WcHt micliltfan.—Owns from Lacrosse, Ind.. to.
Traverse City, 301 miles; Alleuan to PentwaU-r, 99 miles; Big Rapids
Junction to Big Kaplds, ,52 miles; other branches, 31 mile*; total oiier^
atcd, 4H2 miles. The Cbicago A North Michigan (see below) was o)>oned In Jan., 1892, from -Traverse City to Elk Rapids, 21 miles. Exten
—
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INVESTORS' SIJPPLEMEin'
[Vol. LtV.
TTGIrard
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MAP OF THE
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P~x)Ellliiou
CLEVELAND, CANTON & SOUTHERN
GreenupS^^^^sXlronton
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Connections.
;
-
May,
EAILROAD STOCKS AND BONDS.
1898.J
Snbacrtbera
ivlll
confer a ereat favor
RAILKOAD8.
Immediate notice of any error dlaeoTered In these Table*.
INTKRK8T OR DIVIDENDS.
Date Size, or
Duo.
Amount Rate per When Where Payable, and by pal.Wheu
of
Par
Hlorkt—lMKt
Out«tandtug
Kivina:
b]r
Miles
For explanation of column licadinRs, Ac, see notes of
Road. Bonds Value.
on first page of tables.
Common
Olere. Canton rf SomW.—
l>rnfArrpd Kt^ii-k '4(10 (>00
o'
(.$'.i ,000,000) gold
161
C
30
6
& Iiiii>iovo. 2(1 M
& Soutliern 1st mortgage, gold
Wiiymirtliurgli A Clinton lat mortgage, gold
Kqiiip. Tr.
.
Couwil
niort.,
.'(i'.lO.OOO
pur mile
...
Cinn. t'A. <£ «.i.— Com. sfk($'28,7OO,000au.)
Preferred stock, 5 per cent, non-cumulative
Cln. & Indiana 1st raort. (Cln. to Tud. State llne)o
Indianapolis Cincln. A Laf. mortgage
o
Otei'e.
C.
I.
& C.
M.,drawn at lO.""!, s.f. 1
s.f. 1 p.c, notdr'n
Ind. 1st mortgage (partdue yearly)
St.
I/.
con.
General IstM.. gold,
Bel.
&
p. o.o"
o*r
<Si Ind. 1st M., sinking fund
Con. mort. (s. f. 1 p. c), dr'nat lOOif unst'mp'd
c* A r
Gen. con.sol. mort, (*12,000,0«0) gold
Indian * St, L. 1st mort., in a ser. of $067,000. c.
Clov. Col. Cin.
H
o.
2d M.(i(!2,000,000),K()ld,Indlaiiap.toTerrc
Cl.Cln.Chlc.A St.L. 1st M. (Cairo Vln. A Chic.) g.O"
White Water branch, Ist mortgage, gold
o'
& Col. niv. (Col. 8p. & <^n.),lst M.,g.c*
Louis Div. (StL.Alt. tt T. II.) coll. tT.,g.,c*&T
Cln. Wal). A Mich. Dir. 1st mortgage, gold....o*
Obligations foh Pkofkif.taky Links.
Cincinnati Lafayette A Chicago,l8t mort., gold.c
Cincinnati Sandusky & Clovoland— Pref. stock. ..
8. Day. &C.(Mad.R,&L.E.) lstM.,8.f.,dr.at lOO.c
Consolidated 1st nu)rtgagc ($3,000,000) goId..e
Cincinnati <t Springfield— Ist mort. Int. guar....c
Spring.
St.
2d mortgage
From Jan,
c
. .
•
.
..
21
1,51
17.5
400
119
391
391
391
72
72
267
69
4.5
194
203
56
1887
1891
1887
1888
1892
1,000
1866
1888
1871
1872
1,000
1,000
1,000
1,000
Jan. 31, 1892 (1 month), gross earnings were $49,766,
against $46,114 in 1800-91 net, $3,887, against deficit of $1,830 In
year 1801 gross earnings were $246,050; net, $29,832. In 1890, gross
$227,813; net, $19,124. (V. 52, p. 899; V. 53, p. 48.)
1 to
;
GInolnuatI
mond,
Ind., to
Richmond & Fort Wayne.— Owns
from Rich
Adams,
Wayne & Chicago;
Ind., 80 miles; leases 5 miles of Pittsburg Fori
total operatuii, 91 miles. Leased for 99 years to
Grand Kapids A Indiana, the rental being net earnings. Interest Ip
guaranteed by the lessees and by the Pennsylvania Company ami Pittsburg Cincinnati Chicago A St. Louis Company )ointlv. Gross earning."
in 1B91. $452,068; net, $121,840; interest on bonds, $120,000; lental,
etc., $37,5 10 ; deflclt, 41,699.
Sti>cK, $1 ,709,313— par, $50.
Profit to guarantors in 1890, .$3,834.
Totol advances by guarantors to Decern
ber 31, 1891, $1,155,203.
Saslnaw Sc macklnan.— Owns Durand to West
53 miles. Successor in 1890 to the Toledo Saginaw A
In Peiitember. 1890, leased to January 1, 1920^ to the
Ch cago A Grand Trunk Railway Company. Of the .$2,000,000 bonds
$320,000 were reserved for new terminals, cxtensl.ius, Ac, In 18!ll
gross earnings were $184,731; net, $40,867; interest on bonds, $84,000 delieit for yenr, $43,132. (V. 51, p. 645.)
Clneliinatl
Bay
City, Mich.,
Mackinaw.
;
&
Cincinnati Sandiiiaky
Cleveland.— Owns from Sandusky, O..
to Dayton, O., 1.54 miles; branch, Carey to Findlay, 16 miles; total.
170 miles. Octolier31, 1800, leased till l!)69to tlieClcveland Cincinnati
Chicago A St. Louis, which purchased the common stock, and agreed to
pay Interest on the bonds and dividends on preferred stock. See V. 51.
p. 457. The preferred stock has a lien by deposit of old bonds In trust.
Cash dividends since 1876: On preferred, 6 per cent yearly to date
on common, in 1882, 2; in 1884, 2; in 1888. 5; In 1880, 3^; in 1890, 5io;
in 1891, 3 in November. (V. 51, p. 142,416,457,608; V. 52,p. 80,428.,
Cincinnati dc Sprlngdeld.— Operates from Cincinnati, O., to
Springtleid, O., 80 miles, of w hicli 32 miles .are leased from other companies. The whole is leased and operated by Cleveland Cinciunati Chicago A St. Louis Company, giving them a line Into Cincinnati and depot
;
accommodation. Lessees apply any excess over operating expensec
and interest to Cincinnati A .Siiringtteld stock. Interest is guaranteed
on tlie first mortgage, one-half by the lessees and one-half by Lake
Shore A Michigan Soutliern. Stock is $1,100,000 (par $50), votluv
power on .$616,450 being held by tru-stee for Cleveland Cincinnati Chicago
A St. lyouls. To January, 1890, the Cleveland Cinciunati Chicago A St.
Louis had advanced $2,951,814. In year ending June 30, 1890, gross
earnings, $1,196,410; net, $332,618; deflcituuderiuterest. Ac., $-15,137.
Cincinnati Wabasli &. miehlgau Railivay.— Owns from
Benton Harbor, Micli., to Rushville, Ind., 205 miles, and operates V. G.
A R. KB. Rushville to North Vernon, Ind., 45 miles. Sold Nov. 5. 1879,
and reorganized April, 1880. In 1890 company's entire stock was
bought by the Cleveland Cincinnati Chicago A St. Louis, which has
Issued $4,000,000 of 4 per cent bonds secured by a mortgage upon the
Sropcrty. Gross earnings in 1891, $745,340; net, $248,612.— (V. 50, p.
82 V. 52, p. 164, 570, 718.)
Cleveland Akron 4c Colnnibn's Railway.— Owns from HudBon, O., to Colnmbns, O., 144 miles; Dresden branch, Kllbuck to Trim
way, 33 miles and trackage, Cinn. A Muskingum Valley Ry., Trlinway
to Zanesville, 17 miles—oO miles; total, 194 miles.
Sold in foreclonre In 1882, and reorganized under this title in January, 1886. The
new equliunent trust bonds (authorized to a total of $890,000, or
$5,000 per mile) are a second mortgage. They are redeemable at 100
and Interest on August 1, 1900, and at 105 and interest on any August
1 thereafter prior to 1930. See full statement to N. Y. Stock Kxchange
dated Feb. 9, 1891, in V. 52, p. 464. Stock, $4,000,000 par, $100.
Dividends: 1886 and 1887, each 1^ per cent; for 1888 and 1889,
each 1 per cent; in 1890 1 percent; in 1891 1 per cent in Nov.
From July 1, 1891, to Man^h 31, 1892 (9 months), gross earnings were
$709,201, against $666,008 In 1890-91; net, $190,313, against.$174,039.
In year ending June 30, 1891, gross cainings (including Dresden
branch) were $902,536; net, $220,148; interest, $110,635; rentals,
Ac. $50,851; surplus, S58,661. In 1889-90 gross $7i»7,889; net,
$213,343; surjdus over interest, taxes, Ac, $54,682. -(V. 51, p. 303,
679; V. 52, p. 351, 462, 464 V. 53, p. 673.)
Cleveland Canton & Soutliern.— C«fe Jfn;).;— Owns from Clcvc
land to Zanesville, O., 145 miles; Canton to Sherrodsville, 43 miles;
Minerva Branch, 3 miles; Canton to Marks, O., 6 miles; Chagrin Falls
o
to Solon, 8 miles; 206 miles.
A consolidation in May, 1893 (see V. 54, p. 844), of the Cleveland
Canton A Southern (imludlng the Coshocton A Southern), tlio Wayncsbnrg A Canton, the Cleveland Chagrin Falls A Northern and the Cleve_land A Canton, the last named successor to the Conuotton Valley BR.,
sold In forecloanreiu May, 1885. The consolid.ated company comprises
206 miles of main track, well equipped with rolling stock, and including
all the terminal property ac i;leveland Canton and Zanesville. The
directors and olliccrs of the Cleveland A Canton serve in the same
capacity in the new company. The Cleveland A Canton common and
preferred stocks become, without c\change of certificates, common and
preferred of the C. ('. A Southern. The consolidated company assumes
all the liabilities of the constiiuent companies, which in die "aggregate
are less than $24,(iOo per mile, and will protiahly issue a consolidated 5
p er cent mortgage for $26,000 per mile covering all the property. If
uiu la done holders of securities of the oompituioe formiug the unir
;
;
;
•
8 .500,000
2,oo<»,ooo
J.
1,000,000
125,000
28,000,000
10,000,000
294,000
379,000
745,000
7,430,000
152,000
3,000,000
4,065,000
3,205,000
2,000.000
500,000
5,000,000
g.
A.
6g.
J.
J.
5
6
M.
l>fl
J.
5
5
600,000
200,000
100
.. .*
100
....
1862
1 ,000
1867
1,000
1,000
1880
1880 l,000it<1,000
1864
1869
1,000
1,000
1874
1884
1,000
1,000
1869
1,000
1882
1890
1,000
1,000
1890
1890 500 Ac.
1890 l.OOOAc
1891
1,000
1871
Dividend.
$3,099,599
1,000
1,000
1,000
1,000
50
170
170
48
48
Payable
Ceul.
$100
100
stock, $5,000,000
000
CoslKKtou
41
J. N.Y.,kuickcrl).Tr.ABos.
O. Boston, Intcmat.Tr.Co.
J.
D.
J.
F.
J.
A
A
D.
A
A
J.
A.
M. A N.
Q.-F.
6
g.
J.
M.
7
do
do
do
do
do
do
N.
Q.-J.
1'4
7
7
4
7
i
&
A
A
A
A
N.
Drexel, Morgan
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
JnlT 1, 1917
July 1, 1917
1917
June 1, 1028
1942
A Co.
Jan. 11,
April 2,
Dee. 1,
Feb. 1,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Hay
Aug.
Jan. '93 to '99
May
June
A D.
Jan.
A J.
July
Various
7
Nov.
K- M. A N.
Jan.
•Ig. J. A J.
July
4g. J. A J.
Sept.
4 K. M. A 8.
Nov.
4^. M. A N.
July
4 g- J. A J.
Sept.
do
do
7 g. M. A S.
M. A N. New York and London. May
3
Feb.
F.
A.
Boston,
Revere
Bk.
6
A
Kat.
5 g- J. A J. N. Y., Drexel, M. A Co. Jan.
do
Apr.
A. A O.I
do
7
do
do
Jan.
7
J. A J.
7 or 6
g. J.
J.
Og.
fi
0.50,000
1,103,730
10,000,000
4,000,000
794,000
428,850
91,000
2,483,000
2,000,000
125,000
1,
1,
isea
1893
1803
1807
1020
1938
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1890
1914
1934
1919
1913
1939
1040
1940
1990
1901
1,
1901
1803
1000
1028
1901
1003
2,
1,
1,
1,
1,
win have the. privilege of exchanging their bonds for the new consols.
The comiiany's outstanding bonded debt on May 19, 1892, as shown in
the table above, was .$3,92.5,000, and there were held In tlie comi>any's
treasury $200,000 Cleveland Canton A Southern 1st 08 and $200,000
Cleveland Chagrin Falls A Northern 1st 5s.
From July 1, 1891, to March 31, 1892 (9 months), the Cleveland
A Canton had gross earnings $550,445, against $456,354 in 1890-91
net, $191,982 .against $163,540.
(Jross earnings of the Cleveland A Canton for year ending June 30,
1891, were $660,607, against $499,504 in 1889-90; net $227,888,
against $162,697 surplus above charges $32,460, against $5,047.— (V.
;
V. 52, p. 350, 939; V. 53, p. 256, 836 ; V. 54, p. 844)
Cleveland CInrlnnatI Chicago A: St. liOulm.—(See Map.)—
Owns:— Cleveland, O., to Columbus, O., 138 miles; Gallon, O., to Indlan,apoii8, 203 miles; Delaware to Springlield, 50 miles (these three
lilies, 391 miles, comnase old C. C. C. A I.); Cincinnati to Lafayette (part
of old Cincinnati Indianapolis St. Louis A Chicago), 175 miles, and
branch, 3 miles; Indianapolis to Terre Haute (old Indianapolis A St.
51, p.
644
Louis.
;
St. Louis to Terre Haute, Ind.,
St. Louis Alton
Terra Haute) 194
72 miles); East
(formerly belonging to
A
owned
and branch
miles
;
total
directly, 83-1 miles.
Chicago (the
Ijoases and practically owns— Cincinn.iti Lafayette
entire stock owned), fcmplcton, Ind., to Kankakee, III., 56 miles;
Cincinnati A Springlield (leased for 99 years 55 per cent stock owiied)^
Ludlow Grove to Dayton, O., 48 miles; Cairo Vinccnnes Chicago (entire stock owned), Cairo to Tllton and branch, 267 miles, Cincinnati
8andusky A Cleveland (common stock owned), Sandusky, O., to Dayton, O., 154 miles, and branch, 16 miles; Columbus Springlield A Cincinnati (stock owned), Columbus, O.. to Springtleid, 45 miles; White Water
RR. (stock owned), Harrison, Incl., to Hagcrstown, Ind., 62 miles. Proprietary lines Fnirliind Franklin A Martinsville R.ailroad (entire stock
owned— no debt), Fairland, Ind.. to Martinsville, 38 miles; Columbus
A
—
A
—
Hope A Greensburg Railroad (all bonds and 61 per cent stock owned),
Columbus to Greensliiirg, Ind., 26 miles; other lines, entire stock
ownied— no delit, 12 miles. Total main line and branches on which earn-
ings were reported Dec. 1, 1891, 1,558 miles.
.\lso operates, keeping earnings separately, Cincinnati Wabash <k
Michigan Railway -^entire stock owned), Benton Harbor, Mich., to
Rushville, Ind., 205 miles; Vernon Green,sburg A Rushville Railroad (all bonds and 70 per cent stock owned). North Vernon, Ind.,
to Rushville, 45 miles total inHeago on which earnings are reported
by Cin. Wab. A Mich.. 250 miles; also the Peoria A Eastern, Springfield, O., to Pekin, III., 341 miles, and trackage I'ekin to Peoria, 111., 9
miles— total Peoria A Eastern, 350 miles. Also the Kankakee A Seneca
Railroad (one-half stock and bonds owned), Kankakee to Seneca, III.,
42 miles, anfi the Mt. Gllead Short Line, 2 miles. Also owns Jointly
Dayton A Union RR. (operated seiiarately), 47 miles; trackage Illinois
Centr.al Into Chicago, 56 miles total system, including trackage and
one half of mileage Jointly owned, 2,281 miles.
;
;
OROANi/.ATioN, ETC.— Tile Clevelaiio Cincinnati Clilcago A St.'U>nl»
Railway Company is a consolidation of the Cincir>"<tl Indianapolis Si.
Louis A Chicago Railway Company, the Cleveland Columbus Cincinnati A Indianapolis Railway Company and the Indianapoli A St. /x)ui»
Railway Company, made in July, 1889. It Is one of the so-called
Vanderbilt roads. The St. Louis Alton A Terre Haute main line and
branch was purchased in 1890 for $10,000,000 of 4 per cent bonds.
The Cairo Vinccnnes A Clilcago is operated under contract dated October 30, 1889, and the Peoria A Eastern (part of old Ohio Indiana St
Western) is operated under a llfty-year lease. The Springlield Division
of the Ohio Indiana A Western is owned subject to a purchase money
lien of $3,000,000, which Is not a promise to pay, and which (though
redeemable at will) is not collectible before April, 1940
In 1891 $4,000,000 of 4 per cents were issued, secured by a mortgage
on the Cincinnati W.abash A Michigan, which see. (V. 52, p. 718.)
In Octolier, 1890, it was voted to lease the Columbus Springtleid &
Cincinnati, and to issue $500,000 stock with which to acquire its$1,000,000 stock; also to Issue $1,250,000 of 4 per cent 50-year first
mortgage bonds secured on that road to take up tlie outstanding 7s and
the scrip also to lease the Cincinnati Sandusky A Cleveland, and to
issue $3,213,680 stock to take up the Sandusky's |4,01 5,750 of comnion
.stock. .See V. 51, p. 457, 608. There arc $88,000 Col. Spring. A Cln 7a
still outstanding, for which $112,500 new 4s were reserved.
Stock and BoNDS.-nieconsent of a majority interest of the preferred
stockholders is required before any new bonds can be issued or any
lease executed. According to Ohio statutes company should have privilege of retlrinir preferred stock at par after June 27, 1 892.
Dividends on preferred stock 1 '4 per cent quarterly to date. Dividends
on common, in 1890,4 per cent (1 per cent being extra in July), In
1891, 3 p. c.;in 1892, Jan.,
p. o.
Price of common stock— In 1889 58>9 to 78>e; In 1890, 55®80^; In
1891, 56%a74is; in 1892 to May 20 inclusive, 67i2®75.
Price of preferred stock— In 1889,96 to 1031b; in 1890, SeslOl;
In 1891,90»98i.2; in 1892 toMay 'JO inclusive. 95^99.
The Cincinnati Indianapolis St. Ixiuis A Chicago 4 iwr cent moi.-,'age
for $10,000,000 (Central Trust Co. and Hcta ey Bates, trustees) will retire all i>rior bonds as they fall due. The sinking fund for these bonds
is 1 per cent yearly of the amount of outstanding bonds
paymenta
lapse when onds cannot be purchase<l at 102 Hi and interest.
Til sink.ng fund provision of the Cleveland Columbus Cincinnati de
IndlanajKilis consolidated blinds may be canceled a: option of hold ers.
a id the bonds so stamped B
iHI
;
m
;
I
'
SUPPLEMENT.
LN7EST0KS'
44
[Vou LIT.
Adrian^
8-Nt^onroe
Corbui
QroBvenor
fBonken
MAP OF the'
P^.
Jc./
COLUMBUS, --^^
HOCKING VALLEY
P'allm^ge
AND
TOLEDO
R'Y
HuronV
pids
'^Beres
Ely
VV
Sradnel;
Green
Jyde
cjil^
iClli
Holgate;^'^
.^^ ^
/rarnhaml^^
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A^,i^—^
,oprfWi-^T/ <5""' Spring f^o^r,
Deshler^
Walkerf
'
"swile
STOiRI,
Wellington
Medina
"""tf/.
Btuai"
O
tW^*
Tifrip7-v..s.__^r
j; dJlandorf
(Ottawa
ColumbuBl
I
lelphoB
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^
>Q^t. Stephen
WN
oSS
Jhelby Jc.
«J PPE RyS A N &y S KY
—n—crp,
^PiTTsf BucjrusT ^
l^fc/
\
Stertlng
Poiko
^X^iand.
Bluff tori
Forest
Cresto^
Ireenwicli
'Shlloh
1.
>.J
ew London
WVfcCutchenTllle
CARE
^oiii.
Grove/
/
If
^*i^
lAh\d!/r
BA-wIck
j^
X^Chlcago Jc
'
V-Woosteri
la
^
^,,
C"=«W7^^22(Man.fiVld
^Shanes
el
fMercer
Belleville
\cton
^«
WTAHlONUEdison
MlllcrsburgJ^
/^Mi.GUead
^
_'#C,„<.
^p(^\ycn8
Ankenytown
'
^RPfospect^f/
£5^on5flie'
GannV
irmtoB
a Mt.Vern^
''"'
,E |;!a
bHnot
W A R ^Centrcburg
CosQoctonn
|)
t
I
.Johnstown
Dresden Jc]
t.
6i-
Walsers
Darllngtoa
Buckeye^
''•"l^^iCBr^ X"°n>-^-
-3^2^ ^^
LOGAr
CIRCLEVILLE
^ i* *
.
URBAY CITY
qlston
Haydenvlll
htcl
.Union Furnace tt^^
Adelphi;
Summltf
\
1
N(iv
tCLS^NVILLE
^
vSrfllna
Starr^
ilopctown
_ACiianelville
/
dfleldix'
-i,
Plymouth^
FMcArtliW^*
MCARTHUR{i'i^J|^;|/0/?£
Lath ENS
/
/^l
^^S^fef^l^Mioiifl
avcrly
'rfflHawk's
WelletonA
Bei-flA.
,. V.
Maaison5
A
Wetmorc
|
poMEROY
tQMInertonvao
-»
/.^Ewlngton
^Vinton
?%
Portijr
^5H3SfPort
My ^^
fiCheshlrd
^
Yddlson
Evergreyn^
(It.
PLEASANT
^Brighton
ALLIPOLIS"^
^Leon
»
Arbuckle
iGrimm's
Landing
I
Greenup^^^^gW R o N TO N
^^>oV^''ETERSdURG
^A
t
"-iV
Buffalo
I Midway
Red
X.
KlcbardsoliJ
J
.
May,
.
8nb*eril>«r« wtll confer
a k'*** faTor bj glTlnK Immediate notice of anr error dlMioTered In tbeae Table*.
RAILUUAUH.
For explanation of column lioadlnf;s,
on flrst page of tables.
Oolum. Shaw.
itc, see notee
ffoefc.—Htock ($2,000,000
<»
&
&
lut
l\iKnum.—l'Te(. nt,ock,
.')-(!
I).
106
166
202
o.rcn'l,!)!)yr8.o*
c*
mortgage (White Rlv. Juno, to Canada Hue)
iVo
37
22
47
80
7
85
24
A
Martt4awii)p{ Ht'k, giiar..Hamc div. an Conn.
Pass.
Newport A Kicliford l8t mort. guar, by C. <St P.c*
.Cotieortl i£ Por/«. —Stock, 7 p.c. rn'l, OJ) yrs, Conc'd .
Coiiiuvtifiit Kiver—SUmk (*-.3,(>7O,0O0 autborizcd) .
^ntincfinf/ {Philtt.j Ist mortgage, cndorned
c
Oitriiing iUnoatif-gque tt A ntri/n Deb., d'u at 100, . O"
—
Corn wall
rf
Lebanon.
—
—Stock
*
Jst mortgage,
Idortgage,
r
r
Mortgage
r
Ortsson i« Clearfield Co.diN, T. Short SoMe—lat M.
ferred Rtook
time after
is
of
110
110
4
88
55
71
Kqulpm't M., »uh.
Ooii.li, it
Date
of
^Ize,
or
Par
31
1800
1883
tlie
INCOME ACCOUNT.
1888.
—
1889.
2,875.515
1,221.853
28,579
2,496.319
1,007,692
28,335
1891
$
1890.
$
$
Gross earnings
$
3,056,752
1,308,200
32,147
3,263,5.54
Total receipts
1,250.432 1,036,027 1,340,347
JHsburHements
on bonds & car trust.. 984,020
097,820
977,420
Interest on tloating debt.
23,758
12,950
38,205
Int. to Pa. RR. on lease...
24,086
24,658
24,490
Miscellaneous
3,118
1,455,927
,
Vet earnings
Miscellaueous
—
1,415,556
40,371
Int.
160,850
24,525
Total disbursements... 1,034,982 1,035,428 1,040,115 1,062,795
Br.215,451 sr. 590 8r.*300,232 8r.393,132
Balance
Of this amount $117,211 was spent for additions. Improvements,
and .$174,63.'} for equipment, leaving a surplus of $103,574.
.Ao.,
t
Includes car trust interest.
—(V. 51, p. 303; V. 52, p. 40, 120. V.
p. 242, 444, 446, 845.)
Columbus Shawnee
53, p. 436, 568, 712, 754; V. 54,
Hocking.—Line
of road, Columbus,
Zanesville and southerly to Glouster, Shawnee
Junction, with branches; total, 161 miles, of which
110 miles are owned and 51 miles leased. Thisoomnauv was formed
In November, 1889, by consolidation of the Columbus & Eastern
(foreclosed in 1888) and the Shawnee & Muskingum Kiver Railroad.
The mortgage (trustee. Metropolitan Trust Co.) is for $5,0(X),000,
ofwUeh $1,500,000 is reserved for extensions and may be issued at
830,000 per mile of road completed aud equipped. Stock authorized,
»6,(X»0,000 (half preferred); outstanding, $4,000,(M)0. The equipment
bonds are a Hrst lien on equipment, a second lieu on the road, and cover
?210.0O0 of the corapany^s first mortgage 5s, wiiicb can only be sold
or new eqnli>ment to be made subject to the equipment bonds
The
Zanesville Terminal Railway is leased for 99 years, and its bonds guaranteed as to interest. The companies using the Terminal's i»roperty
pay $2 00 per loaded car. The Sandusky & Columbus Short Line is to
build to Sandusky in the Interest of the Col. Shawnee & Hocking. (See
v. 54, p. 486.) From Jan. 1 to April 30, 1892 (I montlis), gross earnings (partly estimated), were $201,315, against $135,483 in 1891.
In year 1891 gross, $618,701; net, $217,461. In 1890, gross, $315,071 ; net, $112,091.— (V. 52, p. 80; V. 53, p. 604 ; V, 54, p. 486.)
C,
easterly
Sc
to
aud Shawnee
tlnmbUM
Southern.—Completed In 1890 from Columbus, Oa.,oo
tral of (Jeorgia Railroad, to Albany, Ga., on Savannah Florida <t
(tern. 88 miles. Stock, common. $880,000; preferred, $440,000.
irated by Georgia Midland
Columbus
Springfield
•OINNATi Chicaoo
Columbus
<fe
Sc
Gulf.
President, W. B. Lowe.
Cincinnati.—See Cleveland
& St. Louis.
Xenla.—Owns from Columbus,
Cdi-
Ohio, to Xenia, Ohio,
65 miles. Operated as a division of the Little Miami, and Is leased for
99 years from December, 1869,in connection with that road, to the Pittsburg Cincinnati Chicago & St. Louis, which pays 8 per cent on stock.
The lease is guaranteed by the Pennsylvania Railroad Company. The
Ooluml>u8 & Xenia pays 8^5 per cent dividend per annum, 2 15 per cent
March 10 and September 10 and 2 per cent June 10 and December 10.
Concord
Claremont (IV. H.).—Owns from Concord to Clare.mont, N. H., 56 miles; branch, CkmtoooookviUe to Hillsborough, N. H.,
15 miles; leases— Peterboro & Hlllsboro Railroad, 18 miles; total operated. 89 miles. Controlled by Boston A. Maine, which, with the Boston
Lowell, guarantees iutereston the bonds under lease of Northern RR,
Stock, $412,100.
Sc
&
A
Concord dc Iflontreal.—Owns from Nashua, N. H., via Concord,
'toWoodsviUe (near Wells River Junction), 128 miles; Woodsville to
Oroveton Junction, 53 miles; Wlngroad to Mt. Washington, 20 miles;
Hookset branch, 3 miles total owned, 204 miles. Leases Concord A
Portsmouth RB.. Manchester to Portsmouth, N. H., 41 miles, and branch
to Suncook, 7 miles Suncook Valley RB., 18 miles Suncook Valley Extension, 4 miles; Pemigewasset Valley RR., Plymouth to North Wood
•took, N.H., 21 miles; Manchester* North Weare RR., 19 miles; Nashua
Acton & Boston RR., Nasluia to Concord, 21 miles; total leased, 136
niUes. Operates lines to Bcliiumt, Jefferson, Altos Bay, etc., 50 miles;
»« Interest in Man. it Koone RR.. ;J0 miles. T<.t;il operated. 425 miles.
The ".i.-..rd and the Boston Concord & Montreal railroads were con
aolldutM la September, 1889, forming this oomvany. The Boston Con;
;
<
;
g.
A.
A
&
J. N. Y., Hatch <k Foote.
O, N. Y., Metropol. Tr. Co
J.
dt
J.
Bee Hatch
<k
Jan. 1. 1940
Apr. I, 1916
July
Foote.
500,000
800,000
1,000.000
3.000.0O0
,
Treasurer's oftlcc.
7
J.
<b
J. Best.,
3
2
3
M.
&
N.
C'mcord, Co.'b
otlioe.
ol. II
dc M.
Concord, Co.'s
olfloe.
On
647
1,938,300
Q.-M. Columbus, O. Treasurer Mar.
1,
1040
10,
M.
A.
&
&
&
&
&
&
&
&
J.in.
1893
1894
1,
May
2, 1893
l>ec., 1891
2, 1892
Apr. 1, 1893
Jan. 1 1911
June 1, 1020
May
O. B'ston, Funoull Hall B'k
J.
do
do
Boston Safe D. 4 Tr.Co.
Boston, S. Dep. & Tr. Co. Feb.
do
Apr.
do
do
Fob.
do
do
Jan.
do
J.
Bost.&MancIicster,
500,000
6
1,710,000
2,500,000
1,500,000
400,000
350,000
330,000
2,580.000
991,000
1,070.000
800.000
4
2
6
6
2
Springrtcld, Mans.
Apr.
0. 15-J
M.1.^&S. Phila., Pciin. RR.Omce.l 19()0'l-'2-'.3-'4
May 1, 1898
M.
N. Phila., Fidelity Trust,
J.
J. Co.'s off., Lebanon. Pa.{
1,50.000
400,0110
6
5
5
J.
6
It.
2'a
J.
J.
F.
7
A.
2»9
F,
J.
J,
5
3>a
60.000
750,000
A.
J.
J.
D.
A.
O.
A.
&
A
&
&
&
A
N.H
Jan.
1.
1,
1,
1,
1,
18:i'i
1893
1893
1911
1893
1893
i
O.
J.
v.
do
do
do
do
do
do
J.
N. Y., Morton, Bliss.
July
Apr.
July
1,
1,
1.
May
1,
1903
191S
1914
1004
& Montreal preferred (Class I) is entitled to 6 per cent yearly; the
Boston Concord <Si Montreal now stock (Class If, of wliicli there la
$310,400), and old stock (Cla.s8 III, amounting to $159,600) are entitled
to not exooediiii.'
percent .yearly out of any saving which may result
from ttio refunding of the jiresent funded and floating delit of the Boston
Concord tfe Montreal. The Concord stock (Class IV) will receive such
dividends as may be declared aft«r providing for the divldendsou Class L
The consolidated mortgage was authorized in February. 1890, to fund
the (loating debt (amounting to $1,027,700 June 30, 1890), to provide
for retirement of prior bonds wlien due. and for improvements. The
Manchester & Lawrence has Instituted suit to recover $1,000,000
claimed to be due from the Concord Railroad.
In 1891 tlio New Hampshire Legislature authorlnd $3,000,000 stock
issued ror e.xtensions, imi>rovement.s. etc.audlnM ly, 1892. $1,200,000
of this (Class 4), was authorized by vote of tlie stooKlioiders to be Issued
from time to time as needed. All classes of stockholders have the
right to take their share at par. See V. 54, p. 8 1.3.
Dividends— In 1890. on class I. aud class IV., 6 percent; in 1891,
6; in l892,M-iy 3. A tirstdiv., 2percent.was paidonClass IL Doc. 1891.
Report for 1890-91 was in V. 53, p. 602. For tlsoai year endlnr
June 30, 1891. gross earnings $2,171.69S; net. $(il>'i,032; llxed
charges, $314,171 dividends, $228,000; balance, surplus, $122,881, of
which $117,437 was spent for betterments. (V. 50, p. 313, 422; V,
51, p. 568; V. 52, p. 349; V. 53, p. 602, 793 V. 54, p. 84,3.)
<Mrd
;
977,420
,
*
6
1,78«,2I)0 See rem,
100
1882 100 &0.
1886 loor Ac.
1889
1884 506' *0.
rodeemahlo at the option of the company at par at any
from it^ date of ls.sue. The first dlvidind, 2% per
Payoble
1,000,000
1,000
1,000
186-1
When Where
J.
3.NO,000
4150,000
1874 500 *o.
100
100
100
1873 200 &0.
1881
1,000
1890
1.000
100
1873 100 ifeo.
100
1881
1,000
loe
100
preferred in Jnlv, 1892. See application to N, Y.
Stocit Exchange in riill in V. .5t, p. 410.
Dividends on common stock since 1881: In 1883, 2>3per cent; in
18S."), 1:1% in stuck; none since.
Dividends on preferred: In 1892,
July, 21? percent.
Price of com. stock— In 1883, 18®43: in 1880, 26''8a45i9; In 1887, \59
39:!4; in 1888. I7a3(>%; in 1889, lia28'4; in 1890, 18'sai32^; in
1891. '23a:U;ti; in 1892, to May '20 inolnsivo. •29iiiS40.
From January 1 to February '29, 1892 (2 mouths), gross earnings were
^G9,229, against .*387,468 in 1891; net, $176,898, against $143,486.
Btatemcut fsr 1891 was in CtiKoNicLK V. 54, p. 242.
Jiec^ipts
$1,000,000
3,430,000
"50
tliroo yoai-a
oeut, wa-s paid on
Cent
1,000
1.000
1,000
1891
1890
Bun/<»-Hrln3*
pal.WlienDa*Payable, aud by aiitelu—l*»t
Whom.
Dividend.
WPKEKHT FOR DIVIDENOB.
Amount
Outstanding Rate Per
U
for $5,()()0.0()0. «()ld
iiiiirtKaito
MllOB
Road. Bonds Value.
prof.).
c*
to cull lifter •'.Hi, (*1,000,000) g..
ZiiuortvlUo'rerm'l Co. l«t m. for $.500,000, Kold.o*
ColitinbicH Southern.— \»t nit^tc l}il'2,.'>(K> p.m. gold.
Coluinbiui <i .te/iMi— Stock, S^^b per cent routul
Ooiienrtl tt Clare moHt f If, U.J—li*t mortguxe
CoiuumI « M'lnlrrAU— Stock, Class I. (B. C.
M. pf.)
Stock, CliiHHOs II. and III. (B, C. <&M. newandold)
Stock, ClOMS IV. (Concord)
Bo.st. Con.
Mon. ooun. inort. ($382,400 arc e8).c
Iniprovomont mortgage
o
Ckmoordit Montreal ooiisol.mort.for$.'),SOO,000.0*
iHt
4S
EAILKOAD STOCKS AlH) BONDS.
1803.J
;
Concord
ic
Portsnionth.— Owns from Portsmouth,
N. H., to
Manchester, N. H., 40i2 miles, and branch to Suncook, 7 miles. The
road was sold to first mortgage bondholders In 1857, and leased to Concord Railroad in 1862 for 99 years. Lease rental Is $25,000 a year,
which gives 7 per cent a year to present stockholders.
&
Connecticut
Passnmpsle.- Ownsfrom White River Junction,
Vt., to Canada Line, 110 miles; leases, Massawippi V^alley aud branch
(Canada), 37 miles; total operated. 117 miles. The Masiawippi RB.
stock receives same dividends as the stock of the lessee. The lessee
holds $400,(X)0 Massawippi stock not included in the amount outstanding. From January 1, 1837, this road was leased to tlie Bo-iton <k
Lowell for 99 years on a basis to pay Connecticut & Passumpsic stock
5 per cent per annum for ten years and 6 percent thereafter. In
October, 1887, the Boston & Lowell, carrying this road, was leased to
Boston & Maine.
Dividends since 1880— In 1881, 5 per cent; in 1882 and 1883,6; In
1884, 51a: in 1883 and since at rate of 5 yearly.
Connecticut RlTcr.—Owns from Springfield, Mass., to Keene, N.
H., 75 miles; brandies, .5 miles; total, 80 miles. Consolidate<l with
Ashuelot Railroad in February. 1890. In February, 1892, the directors voted to Increase the capital stock from $2,670,000 to $3,000,000
for double-track, etc. (V. 54, p. 287). but in May, 1892. the bill authorizing the increase was vetoed by the Governor of Massachusetts
on the ground tliat tlie new stock ought to be sold at a fair value and
not to stockholilers at par. See V. .34. p. 799. Dividends since 1876
have been at the rate of 2 per cent quarterly. Notes payable outstanding June 30. 1891. $369,200. For nine months ending March 31. 1892,
gross earnings, $833,936, against $S49,78« in 1890-91 net. $362,536,
against $352, 173; surplus over fixed charges, $303,384, against $301,539. In year ending June 30, 1891, gross earnings were $1,120,644;
net Income over rentals, interest, Ac, $236,400, against $206,400 in
18S9-90. (V. 52, p. 239, 718; V. 53, p. 187, 367, 674; V. 54, p. 20'2,
287, 762, 799.)
Connecting (Philadelphia).—Owns from Mantua Jtmctlon to
Fraukford Juuction, Pa., 7 miles; total mileage Including 2d, 3d, 4tli
tracks and sidings, 42 miles. Leased to Phil.adelphia & Trenton for
999 years, and with that road operated by Pennsylvania Railroad.
Rental $139,993, which pays 6 per cent on $1,277,700 capital stock
(par $50)—owned by Pennsylvania Railroad.
Corning Oowanesqne
Antrim,—Owns from Coming, N. Y.,
to Antrim, Pa., 53 miles; branch to Harrison Valley, Pa., 32 miles;
total, 85 miles. Consolidation of several roads In 1873-74. Leased to
and operated by the Fall Brook Coal Company, together with 7 miles
owned. Rental. $130,000. equal to 6 per cent on common stock and 13
iwrcenton preferred stock dividends paid qiiarterly, Maroh 31, Ao.
Stock—common, $1,500,000, and preferred, $500,000, par $30. The
coal line of Philadelphia* Reading and New York Central is over the
road of this company, which Jointly with said companies guarantees the
bonds of the Pine Creek Railroad Company. In 1892 It w.as announced
that the Corning Company would change Its name to the Fall Brook
Railroad Co., and increase Its capital stc3k to $3,000,000.
In year endiug June 30, 1891, grcss earnings were $723,285; net,
8193,209; surplus to lessee, $33,247. George J. Magee, President.
Coming, N.Y. (V. 52, p. 427; V. 53, p. 668; V. 54, p. 469.)
;
&
;
Cornwall Sc Lebanon.—Owns from Lebanon. Pa., to Conewago,
22 miles branches, 2 miles. In year ending June 30, 1890, gross earninterest on funded and floatlni;
ings were $234,021 net, $93.887
debt, $ 1 1 ,0 19 taxes, $ 4,807 di vldends (4 per cent) $24,000 balance,
;
;
;
;
;
,
;
surplus, $24,030,
Coshocton* Southern.—See Clkvelakd Canton A Southbbi^
Cresson & Clearfield County & Sew York Short Route.—
Owns from
Cresson, Pa., to Irvona, Pa., 27 miles, and branch to Richland Mines, 2 miles. Stock, $1,000,000 ; par, $50. In 1890-91 gross
earnings were $119,684; net, $39,427; surplus above interest, $14,437
—
;.
'
46
Subscribers
nrlll
eonfer a
gretkt
RAILROADS.
For explanation of column licadinK''.
on tinst page of tables.
iiiort^ra^e,
now
Miles
&c., see notes
57
....
142
32
32
37
Dtiulon it V,'eisleiti—lf.t M., guar. L. M. and C. & X.c
Dec.Cheaap. tt: hew Oil— Ist M., $20,000 p. m., g.c*
Detau-are—ftoc'k—6 p. c. guar, till 1898, P.W.&B...
Mortgage bonds, convertible, guar., P. W. & B.c'
General mortgage for $2,000,000, gold
J>cl. it Bound iir.—Stock— 8 p. c. gu. Pliila. & Read.
100
85
117
27
on main
4
line.
Debentures secured by Penn. Division bonds... o*
1st mort. on Pennsylvania Div. ($10,000,000)cAr
Bclienectadv & Duan. 1st mortgage, interest guar.
Adirondack RR. Ist M. f or$2,000,000, g., gu. p.& 1.
Blufl' Point Land Improve. Co. Ist M.,KOld,guar.o*
Delaware Lackawanna <£ Western — Stock
Consol. mort. on roads Aequipm'nt ($10,000,000)
Plain bonds (not mortgage) convertible
Cumberland & Pennsylvania. —Owns
Size, or
1891
$1,000
14
57
....
288
M. & N. N.Y.,Con8ol. Coal Office. May 1, 1921
Q.-J. Plilla., T.A. Blddle & Co. Jan. 1, 1892
& O.
do
do
Apr.l, 1904-8
F. & A. Bridgeport, Hous. RR.
Feb. 15, 1892
J. & J.
do
July 1, 1833
do
"
J. & J.
do
do
July
1, 1920
A. & O.
do
do
Apr. 1, 1925
J. & J.
New York Agency.
July 1, 1921
A. & O. N.Y., Richmond & Dan. Oct. 1, 1936
A. & O.
Cincinnati.
Apr. 1, 1892
Q.-J.
do
Ai>r. 7, 1892:
J. & J N.Y., Kessler & Co.; Cin. Jan. 1, 1911
M. & 8.
do
do
Mch. 1, 1894
J. & D. N.Y., Am. Excli.Nat.Bk. Dec. 1, 1909
J. & D.
After 1910
J & J. N. Y., Bank of America. Jan. 1, 190&
J. & J.
July 1, 1921
Dover, Co.'s Office.
J. & J.
Jan., 1892
J. & J. PUil., Fid. I.T. & S.D.Co. July 1, 1895^
Philadelphia.
J. & J.
July 1, 1932
Q.— F. Phila., 240 So. Third St. Feb. 17, 1892
F. & A. Phila.,Guar.T.A- S.D.Co. Aug. 1. 1905
M. & N. Phila., Of., 240 So.3d St. Nov. 1, 1899
Q— Mch. N.Y.Of.,21 CortlandtSt. June 15, 1892
A. & O.
do
do
Oct. 1, 1894
M. & S.
do
do
Sept. 1, 191T
M. & 8.
do
do
Sept. 1, 1924
do
do
1942
J. & J.
do
do
Jan. 1, 1940
Q.-J. N. Y., 26 Exchange PI. Apr. 20, 1892
M. & S.
do
do
Sept. 1, 1907
J. & D.
do
do
June 1, 1892
A.
;
& Hudson—
—
—
:
Organization.— This company was chartered April 7, 1823. It Is
largest tuiners and carriers of anthracite coal. In May, 1892,
certain officers of the N. Y. Central entered the directory. See V. 54,.
p. 799. In June, 1889, the Adirondac^k KalUoad (60 miles) was purchased. Of the Rutlaud Railroad stock Delaware A Hudson o\vns$3,000,000 preferred and $1 ,000,000 common, but the road is leased to the
Central RR. of Vermont.
Bonds and Stocks.— On January 1, 1892, there were loans payable
amounting to .f 1,200,000. The Adirondack RR. bonds carry the endorsed guarantee of the D. & H. as to principal and interest. See V. 54^
p. 486.
The Pennsylvania Division bonds cover coal lands, collieries, railroads, canal, eijuipment and all other proi>erty in Penusylvauia.
Dividends since 1880: lu 1881, 413; in 1882, 7; in 1883, 7; in 1884,
7; in 1885, 6; in 1886 and 1887. 5; in 1888, 6; in 1889. 1890 and
1891, 7 percent; for 1892 the r.ate has been fixed at 7 per cent.
Price of stock: In 1883, 102i3»112is: in 1884, 67<*114; in 1885,
66'sa)100i<2; in 1886, 87'4ai08>2; In 1887, OOiaalOOi^; iu 1888, 1033
134; iu 1889, 1303156; iu 1890, 1203175; in 1891, 118i4®141i3; in
1892, to May 20, inclusive, 122''8®149i2.
Earnings.- Report for 1891 was in Chronicle, V. 54, p. 364.
among the
Danville ic Kant XcuncBsec. —Projected from Danville, Va., on
the Atlantic ^t Danville Railroad, to Bristol, Tenn., on the East Teun.
Virginia * (Jeorgia, aliout 180 miles. Stock authorized, $3,000,000 for
ro;i3 in Virginia and .$-'0,000 i)er milo in North Carolina- par $100.
The Mercantile Trust Co. of New York is trustee of the mortgage.
Tliomas Ewiug, President, New York City. (V. 53, p. 48.)
Danville W<>stcru.— Owns from Danville, Va., to Patrick Court
Hou.se, Va., 70 miles, narrow gauge. Successor to the Danville & New
River, sold in foreclosure in August, 1889, and purchased in interest of
Richmond & Danville, which guarantees principal and interest of the
bonds, $552,(X)0 of which It owns. Stock is $368,600. par
tl,052,000
100.
&
&
Mlclilaan.- Owns Dayton, O., to Toledo, O., 141 miles,
leases Dcshler to Fiudlay, 11 miles. Leased May 1, 1863, in perpeCincinnati
Hamilton & Dayton. Lease amended January 23,
tuity to
1870. The reutal is the interest and sinkinj' fund of debt, and 8 per
stock
and 3^ per cent on $2,396,750 common. Profit
cent on preferred
to lessee in 1885-6, $215,219; in 1886-7, $276,562 in 1887-8, $363,933;
In 1888-9, $348,008 in 1889-90, $379,494. Gross earnings in 1889-90,
$1,591,123; net, $692,294; surplus over interest, $5o4,834. Due
lessees for advances, March 31, 1890, $758,405.
and
mCOME
Receipli—
;
Miami and Pittsburg Cincinnati
L
>'.iis, are virtual owners and are answerable for
above bonds $32,000 are 78.
Decatur Chesapeake
Sc fie-w
all
<fe
obligations.
Of
New
Jersey)
3,344,134
19,382,907
13,303,234
19,109,203
13,311,776
5,964,725
3,426,829
6,079,673
3,511,333
5,597,427
3,393,377
711,86*
319, 761
;
V. 54,
p.
;
total operated,
900
miles.
In February, 1892, a considerable Interest in this company having
boon acquired liy parties connected with tlie Pliiladclphia & Reading,
Mr. Maxwell, Vice-President of the Reading aud President of the Cen-
tral RR. of New Jersey, was elected to the Vice- Presidency. The result
ot the alliance so efl'ectod, it Is hoped, will be the maiuteuanee of rates
in the coal trade, and consequently increased profits to the coal com(See Philadelphia & Reading and V. 31, p. 366.)
panio.s.
The lioiids duo June 1, 1892, will be paid in cash.
Formerly paiil 10 per cent diviilontls. Out in the dull times 1870 to
1880 no dindends were paid;
I
i
$16,714.
o'
Balance for stock,
822,300
18,957,593
12,992,868
;
A
Bound Brook.—Owns from Bound Brook (Central
o Delaw .le Rlvor, 27 m les; branch to Trenton, etc., 7
6,684,470
3,340,336
Sc
1891.
8,335,010
10,062,324
—
proposeii in July,
Sc
rentals..
taxes
1890.
7,800,207
10,670,732
911,968
2,337,896
2,568,310
2,204,050
345, 364, 486, 560, 643, 799.)
Delanrare I^ackaivanna ic "Weatern,—(See Map). This company operates under lease an extended system of roads in New York,
Pennsylvania and New Jer-sey. Owns fi-oiu Delaware River (N. J. line)
to New York St;ite line, 115 miles; branches—Scrauton to Northumberland, 80 miles; branches to Winton, Storrs, Keyser Valley, etc.. Pa., IT
miles leased lines in New York— New York Lackawanna & Westerit
Uailroad, 214 miles; Cayuga & Susquehanna Railroad 34 miles; Greene
Railroad, 8 miles; Oswego & Syracuse Railroad, 35 miles; Utica Chenango A Susquehanna \ alley Railroad, 97 miles; Valley Railroad, 12;
miles; controls and operate.s— Syr.aeuse Blngh.araton & New York, 81
miles; leased lines in New Jersey— Chester Railroad, 10 miles; Morris &
Essex, 120 miles Newark & Bloomtteld, 4 miles; Warren Railroad, 18
miles; Sussex, 30 miles; Passiiic & Delaware aud extension, 22 miles;
tur. Ala., to Gallatin or Nashville, Tenn., of which 34 miles from Alabama State line northward are completed. In December, 1890, receiver was appointe<l and sale was to take place Aug. 10, 1891, but
new manageiuent has titkeu possession, with
indettuitoiy postpom-d
Delaivare
20,729,180
Total
Operating expenses.. 14,044,710
(V. 52, p. 202,
Orleans.— Projected from Deca
;
8,632,318
9,482,975
Net
St.
Nelson Cromwell as President. A compromise with the creditors was
1891— .see plan V. 53, p. 58. Stock authorized, .$20,000 per mile. (V. 52, p. 80; V. 53, p. 58.)
Delaware.—Ownsfi'om Delaware Junctiou(PhiladelpliiaVVllmington
ABaltiraore), Del., to Di^lmar (Maryland line), 84 miles; branches, 33
miles; total operated, 117 mIKw. Opened 1855-60, and leased for 21
years from l876tothe Philadelphia Wilmington & Baltimore Company,
which owns a large block of the stock. Rental, 30 per cent of gross
earnings, but stock must have 6 per cent; then aiiv residue goes to
lessee for advances (if any), and the balance to lessee and lessor
equally. In 1891 the New Castle branches and cut-off wore purchased
from the lessee for .^416, 673 stock and a bond for $5oO,lMjO. A new
mortgage for $2,000,0 )0 ha< been authorized to take up present indebteiluess, tor laylug second track, &c. In year ending October 31.
1891, gross earnings were $l,0!)!),932 net, $363,392; interest, divldenils, etc., $13t,.589; surplus, $208,801, against deficit in 1890 of
10,622,067
9,554,221
552,892
Frommiscellaueous..
Int.,
;
1889.
$
From coal
From railroads
Dayton A. Union.—Owns from Dodson, O., to Union City, Ind..
32 miles; leases Dajton to Dodsdon, 15 miles; total operated, 47 miles.
Operated by Cleveland Cinciunatl Chicago & St. Louis, which, jointly
with the Cincinnati Hamilton & Dayton, owns the capital stock. All
surplus earnings over interest goes to a sinking fund for the redemption
of bonds at not above 100. Capital stock $86,300; par, $50. In year
ending June 30, 1890, gross earnings, $156,119 net, $52,559 surplus
over cuarges, $16,954.
Dayton Sc Western.—Owns from Dayton, O., to State line, Ind.,
37 miles, and leases 4 miles to Richmond, Ind. Leased from January 1,
1865, for 99 years, renewable forever, to Little Miami, and carried with
t lat road in the general lease to the Pittsburg Cincinnati Chicago A
leasees. Little
ACCOUNT.
1888.
;
The
"
C See l/np.;—Owuscanal from Rondout,N.Y.;
Delaware
to Honesdale, Pa., 108 miles; completed in 1828. Also owns the following railroads, viz.: Lackawanna&Su3quehanna^Nineveh,N.Y., to Jefferson Junction, Pa., 22 miles; Valley RR.— Carl>oudaletoSoranton, Pa.. 17
miles; (JravityRR. (4 feet 3 inch gauge)— Olyphant to Honesdale, 56 miles;
Schenectady & Mechanicville East (Jlenville to Coons, N. Y., 10 miles
Cherry VaUey Sharon & Albany— Cobbleskill to Cherry Valley, N. Y., 21
miles; Schenectady & Duanesburg— Schenectady to Diianesburg, 14
miles; Adirondack RR., 57 miles: total owned. 197 mllo.s.
Leases Albany & Su.squehannii Albany to Binghamton, 142 miles;
New York & Canada— Whitehall, N. Y., to Rouse's Point, N. Y., 113
miles, and branches, 37 miles; Rensselaer & Saratoga and leased lines
Albany, N. Y., to Lake Chami>lain, N. Y., and branches, 192 miles;
Utica Clinton & Binghamton and Rome & Clinton, siililet to New York
Ontario & Western, 44 miles; Union Railroad- Green Ridge to Wilkesbarre. Pa., 20 miles; other lines, 4 miles, and Jefferson Railroad (trackage)— Jefferson Jimction to Carliondale, 35 miles. Total controlled, 727
miles, but only 686 operated in Delaware & Hudson system.
&
St. Louis.
—
Dividend.
miles.
operated by Consolidation Coal Company, which guarantees by endorsement the new llrst mortgage bonds. See V 52, p. 390. Stock,
$1,500,000; par, $100. (V. 52, p. 390.)
Cumberland Valley,—Owns from Harrlsburg, Pa., to Potomac
River, Md., 82 miles (and with leased lines operates to Winchester, a
total distance of 116 miles). It leases— Cumberland Valley & Martinsburg Railroad, 34 miles; Dillsl>urg & Mechanicsburg Railroad. 9 miles;
Southern Pennsylvania Railroad, 21 miles; controls Mont Alto Railroad,
18 miles, but accounts arc kept seiiarate; total controlled and operated,
165 miles. The stock is $1,292,950 common, $241,900 first preferred
and $243,000 second preferred, $975,800 common and $237,200 preferred being owned by Pennsylvania Railroad Company. Large advances
have been made to Itranch roads. The Southern Pennsylvania is leased
lor net earnings; no Interest paid on bonds since March, 1875.
Dividends: In 1880 to 1884, 10 per cent yearly; from 1885, to Jan.,
1892, both inclusive, at rate of 8 per cent yearly.
From Jan. 1 to March 31, 1892 (3 months); gross earnings on 145
miles were $200,838, against $236,287 in 1891; net, $71,401, against
$92,341.
In 1891 gross earnings on the main line were $863,298; net, $189,108;
surplus over ti.Ked charges, $155,553, against $219,989 in 1890.
N o rival k,—Owns from Danbury, Conn., to Wilson
Danbury
Point, South Norwalk, Conn., 2613 miles; branches to Ridgefleld and
Hawleyville, together, 10 miles; total operated, 3(iia miles. Leased to
tlie Ilousatouic for 99 years from October, 1886, the lessee to pay inter
est and 5 per cent per annum on stock.
;
pal.Wlien Due..
Slocks Last
In connection with Central of New Jersey and North Pennsylvania forms a line between New York and Philadelphia. In May, 1879, the
property was leased for 990 years t<i the Philadelphia A Reading Railroad Company— the les.see paying interest and 8 per cent on stock after
May, lS8:t. Gross earnings in 1890, $934,302 net, $119,776
from Cumberland, Md.,
It is owned and
to Piedmont, Md., and several branches, 57 miles.
Dayton
$1,000,000
50
1,777,850
I'500 &o.
270,500
8
2J8
50
600,000
1872 100 &c.
200,000
7
1880
1,000
300,000
5&6
100
1883
150,000
5
1891
1,000
(1)
5 g.
1891
100
500,000
5 g.
50
2,403,243 3i« p. an.
1871
50
1,211,250 8 jier an.
1881
1,000
2,675,000
1864
53,000
7
1879
1,000
223,000
7
1879
1,000
90,000
6
1864
1,000
6&7
495,000
1889
1,000
(1)
25
2,131,832 6 per an.
1875 500 &c.
597,500
6
4J2g.
1892
1,000 NU. May, '92
100
1,777,000
2
1875
1,000
1,500,000
7
1879
1,000
277,000
6
100 30,000,000
1%
1874
1,000
4,829,000
7
1877 1,000&C
5,000,000
7
1874 100 &c.
6
500,000
1892
(I)
i^g.
1890
1,000
300,000
50 26,200,000
1%
1877
3,067,000
7
1872
1,000
600,000
7
....
52
37
36
36
36
C*
1st
Date
Amount Rate Per WUcn iWliere Payable, and by
Par Outstanding
of
of
Cent.
Payable,
whom.
Road. Bonds Value.
o*
Consolidated mortgage ($100,000 are 6b)
0*
General mortgage
gold.
m.,
J)anitille <t Eaxt Thin.— lat M., .$25,000 p.
o
Daneille if irc«/cri4— 1st mortgage, gold, guar
Vayloii it ifiVA.— Com. stock O'ap.o.jliar.C.H.i&D.)
Preferred stock (8 per cent guar. C. H. & D.)
Consol. mort., guar, princ'l & int. by C. H. & D.c
c
Toledo Ui'pot, '2d mortgage
Vai/lon if- r«»>ii— 1st mort., sink, fund (not drawnjc
r
Income mortgage Ijonds, sinking fund
Ist mortgage
Ist mort. on Trenton Br., 2d mort.
J><luirare <t- Hudson fnuai— Stock
[Vol. LlV.
faTor by giving; Immediate notice of any error discovered In these Tables.
Bo«d«— PrinolINTEREST OR DIVIDENDS.
Cumberland rf Venninjlvanin — Ist mort. gold, giiar.
Cumberland Valley— iHw\i ($484.i)(X) is preferred).
1st and lid uiorts., (2(1 $109,500 due April, 1908).
Danhurij <f .Vo;-.—Stock, 5 p. c. gu. 99 yrs. Uous.RR.
2d
SUPPLEMENT.
INVESTORS'
I
iu
I8803percent waspaid;in 1881,
6-\4;
In 1882, 1883 and 1884, 8; in 1885, 7%; from 1886 to April, 1892, bsth
Inclusive, at rate of 7 per cent per annum.
Price of stock iu 18S1, ao^ifflisa'a; in 1885, 82'b»29'8; in 1886,
115S144; in 1887, 113%3139>3; in 1888. 123 "a a 145%; iu 1889. 13458.
»151:in 1890. 12:)%®14!)i3; in 1891, 13038»U3'i8; in 1892, to May
20 iuuluslve, 138>8ai67ia.
.
Mat,
1892
/
4
RAILROAD STOCKS AND BONDS.
]
Oi.
MAP OF THE
47
"'<'.r^#ff R E Ai^
Q
IWaJertoo
DELAWARE & HUDSON
CANAL COMPANY'S
7 Sutton
& CANAL SYSTEM.
RAILROAD
Jc
<
D
r^T°S^
WOOER'S
id.
JC.
Kewporl
W.CHAZV*
PLATTSBURGI
°*»
St.
^
dMlltorf
R^ls Foils o
*
Loon L.{57y>
Cambridge Jc
j
Dntitunni
"•ni,.
"^
SODENSBURtyC
-yi
-'*sAr*«usABLE%^l\
•»
J
iBi^x
Z:i^.—
June
.VViburVngton
Dloom'
PAUL SMITH
ptUEB
jAo*^
o»»-^
«;^o?
Montpeller jc.^
Terfrennes
cSMwaiebmr
""
Porl HenTylll
Hammond<1villco__Hl<3
I
KCharthage
J W
-
-^
.
o-
V—.,.^^/—
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•^*"«'
-
S^
^
^>
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l^^ ..J^^.' (itk^f
f'
J^
Crown
>|
PoUiil
.^^Lolccster Jc.
.rr-r.i«u,M.a«^.'W.
RacgUitt&X^
Patt/rifflfla^
J
NORTH CREEKi
Sandy Cr.
BIVERSltgE'
^V
iJlichland
The
_
—
&
IH
^
>^--"
Glen'
/Jif'Wr; ^
-.JNYCRCrK**
TONY CRCEKA
CALDUf^LL^ C>#
ff^
_
PUeco L.
N
TronI
inton F8.\
Kings
GrefiifieUl
<1
vB Rupert
,»**»
e.
lElchflcldJc.
. RlcWleld.
D Springs
""".A
*<
*>«//..
r..
%?•
^*
'I-
f
Cooperato^vnry
YscJ'
/*
I
>
o1ia£^^
\ Y/ Keene^
>ennIngton
"-"-i
Brattle boro^
Sclie
Pownal
:H E R R Y V AL^Vg^^ofc,,^,* "^'^-'r^J^^
flTUle'
'^Ludlow
BELLCV/S FALLSi
A'#..L.I._
MIDGE
"••^ii.
Kiijldiill>»^ne
».
111
te
Qb^.Lvr-*^*"«"' >"
'""p..
Ruyter _
/'
o,
'J
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NorthYUlePl SjCorlnthl
S-^ftA
fiATOGATN-'/
ieJlovijiTJ
>
"^,5^mF^W".
Glei
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S
Whlt« R-Junci)
"iPlltsford
Uarttnsburg
JTROV
SV^^^^ R..^^^^^^^^^
.
s„„,^ v-omoV\
,
^rtlandA
MQtordJl
c"^
GreenfllPn'TM"''"'
FreevU
iLiao
-A^
Cane louplL
Coyoman-.
»»U^-b
Ov 'ei,
SKr^o, «« "*«</ *«
[tfhacaXi-
Chdnango Eorkay
x5K
X.
ooiv
Hobort
Hunter
Andes o
/
><!'.»
l\\W i\sor
/
Dcpos;
.PboenlclaVy
Falls
<
5iThomp5o\t-S>.
S^tW-'"''
\?
"«^4-
^^VuVlsborO"
\
jC
St<fny Ptyl
Branch V.
.^"^«
1
*>•
IP/.
'fl/llfp^r'H Oakland
.v|
'
Stroudsb'gV^itf
Penn Haven
"Oo,'Of
-.
^)
^t<^
v^nETCoranibfa
.
/
//^
rll^.cch Chunk
Sufforns^
JJi
'
—ll
P«tV^\,
tertoo
,
/vJ>^"^
«v\lleJl_2fiV
/"-j-.—.^S^P'^^^^
^hujlkni HmrcB
Port
7
|\cuntf
<rat«««"x
y
%i«r
Jr?-h
1
com/i8vuie\
Firming.^* '/W*"'^'''
vaterburylj
.
Port;
Catft^
y
Ufleld
'=;f^
\
'
TltT^^
S!
<>3(Suinnilt V.
lAr.
Haven
'.
'
^^^MontgomeryJ
^^i
.White
\^
Rhlni^ck
>toi>ticoHo\<$f^'™'""^
.^^rs.^'^-"
|or>^
HONEfehALF.
x>^
lul!
oS
KCaillcoon
ril^>c^«^u
.
niRh
b Liberty
>^'.d»W
<I
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XparksvlrtB
XiFarksvUle
j„ii^^^*
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'\
/BoslortCors.
A-.
Vo *V„
eruat Bend<fSJ^'<^<^>'S^- L.^^^^E-O"*''
Bemice
Buntliigton
c
Vfllton
/
KBecket
oPrattsvIlIe
"c.
FortCrai/o
Montroseo
MX* A
„
T^3tllto'Uue
,
,^'».*
3>^-
1V!~TS^
*^
•
,^
««*>
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„^^
i|
1
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jiv
^
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'+>/•>-
>^.-.i»V
^,-^-, „
MIddletow
)
.
mYESTORS' SUPPLEMENT.
4t$
Subscribers
HUes Date
column headings,
on first page of tables.
of
&o., see notes
SMataare Maryland A Virginia— Stock
Junction & Break wa tor— 1st mortgage to State..
o*
Junction &. Breakwater 2d mortgage
Breakwater & Frankfoi-d Ist mortgage to State..
"Worcester KB. Ist. M. (s.f. not in operat'n) gold.c*
Dtlaware New Eng.—Co\. Tr. red. after June '91 .*
Denver <t Rio frrajirie—Stock (^5,500,000)
rf;
44
44
19
35
.
.
—
—
—
—
25
1860
1879
1,000
1873
1876 500 "<fco.
1889
1,000
100
100
1871 500 &c.
1886 500 (fee.
1888
500
1874
1,000
1874
1,000
1881
1,000
100
1892
1,000
1887
1883
1,000
1878
1,000
1878 200 &c.
100
100
100
1869
1,000
1877 50{) <feo.
1883
1,000
1887
1,000
For three months to March 31, 1892, the leased lines in N. Y. State
ll5d surplus over charges of $77,334, against $89,660 in 1891.
The report for 1891 was in Chbonicle, V. 54, p. 202.
1890.
223,577
967,605
240,019
1891.
121,474
IHOOHB ACCOUNT.
1889.
1890.
A
Het
receipts
Interest and rentals
8,718,682
5,218,419
7,370,459
5,222,375
7,948,767
5,328,494
7,833,689
5,418,226
Balance, surplus
Dividends (7 per cent)..
3,500,263
1,834,000
2,148,084
1,834,000
2,620,273
1,834,000
2,415,463
1,834,000
ffi
J.
6g.
J.
&
&
&
&
&
4
&
&
I'&
2ia
&
&
4
4 to 5 g J. &
M. &
5
eg. J. A
A. &
A. &
M.
J.
J.
J.
J.
J.
i^
3
3^1
5
7
J.
F.
F.
J.
J.
J.
K.
<&
<fe
&
&
&
&.
&
J. PliUa.,233
do
do
do
A.
J.
O.
D.
So.Fourth St. Jan. 1, 1982
do
Feb., 1899
do
Jan. 1, 1938
do
April, 1896
June
Fblladelpliia, Office.
47 Wm. St., N. Y.
N, N. Y. Fourth Nat. Bank,
J.
do
do
D. N. Y., Fourth Nat. Bank.
1899
June
June
1,
1,
1,
1,
1,
1,
1900
1936
1928
1905
1905
1905
N. Y., Metropol. Tr. Co. Jan.
N. Y., Central Trust.
Nov.
N. Y., Farm. L. & Tr. Co. Jan.
1,
1,
1,
1932
1917
1913
1918
1918
1892
1887
1888
1899
1907
1913
1927
Nov.
,
J.
1,
Feb. 16 1891
Office,
Jan.
June
N.Y.,Chlo.R.L<tPao.Co.
do
do
J.
J.
Jan.
do
do
(N.Y.Ag'cyBk.Com.,
Canada & London.
(
Nov. 14,
Nov. 15,
\
N. Y., Farm. L. & Tr. Co.
Boston.
Boston, Of., 50 State St
Boston, 2d Nat. Bank.
do
do
do
Jan. 5,
Feb. 15,
Feb. 15,
July
do
do
do
Jan.
July
Sept
1,
1,
1,
1,
1890-91.
1889.
;
V. 54, p. 446 ,701.)
Denver Texas ic Fort Worth.—See Union Pac. Denver & Ovrhr
Des Moines & Fort Dodge.—Owns from Des Moines to Fort
Dodge, la., 87 miles, with an extension 56 miles to Ruth ven, connecting
with Chicago Milwaukee & St. Paul. Common stock, $4,283,100; preferred, $763,500; par, $100. Leased from Jan. 1, 1887, to the Chicago
Rock Island & Pacific for 19 years at a rental of 30 per cent of the gross
ffi
Balance after dividends. 1,666,263
314,084
786,273
581,463
—(V. 52, p. 203, 280, 707 V. 53, p. 714; V. 54, p. HOH, 288, 366, 800.)
I>(>iaivare ITIaryland &. Virginia.— Koad extends from Harrington to Rehoboth, Del., 44 miles (reorgetown to Franklin City, Va., 54
miles; total, 98 miles. In July, 1885, the company passed into control
Of the Philadelphia Wilmington & Baltimore Railroad, and became part
•f the Penn.sylvanla Railroad system. In 1891 the mortgages to the
State were extended at 3 per cent for 40 years, but redeemable at company's option after January 1, 1895. See V. 50, p. 498. In 1890-91
gross earns., $208,281 net, $29,583 deficit $30,675.— (V. 52, p. 498.)
F.
3
A.
(1)
38,000,000
23,650,000
6,382,500
28,435,000
8,050,000
1,200,000
1,200,000
672,000
800,000
2,390,000
497,000
2,500,000
2,000,000
3,200,000
1,350.000
1,825,600
2,510,000
770,000
2,672,000
566,000
1,108,000
673, 674
1891.
ffi
J.
4
1888.
34,513,740 30,877,163 32,739,878 34,016,065
8,718,682 7.370,459 7,948,767 7,833,689
1888.
3
7,668,654 8,046,603 8,850,921
2,563,972 3,332,410 1,359,085
Interest on bonds
1,492,615 1,654,675 1,944,805
Taxes and insurance
345,550
320,068
319,192
Dividend on pref. stock
295,625
591,250
t
Betterments
240,906
240,000
259,816
Miscellaneous
40,551
52,434
137,266
Total
2,415,247 2,267,177^ 3,252,329
Surplus
148,725 11,065,233
106,733
t From the surplus of 1889 IH por cent was paid on pref. Feb., 1890.
—(V. 52, p. 80. 126, 732; V. 53, p. 108, 125, 423, 43 S 437, 474, 604,
$
$
s
$
Oross roo'ts all sonroes.. 43,232,422 38,247,622 40,688,645 41,849,754
Operating expenses
33,546,135 30,653,586 32,4»9,859 33,894,591
Betterments, eauip., &o..
526,758
185,000
250,000
200,000
400,000
pal.WTienDue.
Stocks— l,tLBi
Dividend.
Gross earnings
Netearnlngs
BiRNINOS AND EXPENSES.
1889.
Amount
Par
Rate Per Wlien Where Payable, and by
Road. Bonds Value. Outstanding Cent Payable
Wliom
Pref. stock, 5 per cent nou-oiun. ($28,000,000) .
o*Ar 295
Ist mortgage, gold, sinking fund
c*Ar 1,621
Consol. mortgage (tor i(H2,000,000) gold
.c*4r
nille)
gold.
1,610
5,000
per
Mort.
Improvement
(f
88
Xtei Moines <e Ft. /Jod^^e— Ist mortgage, interest guar
guaranteed
...
88
interest
income,
Ist mortgage,
56
Mortgage on extension, interest guaranteed
112
Kansas
City—
StocTi
X>et Moities d
De* Moines }fo. <t »re*(.— 1st M., g., ($18,500 p.m.)o. 150
3
DttMoine* Union Ist mortgage
o*
233
J>etroit Bay City rff Alp.— lat mortgage, gold
equip,
m.
gu..o*
189
g.
Detroit (frand Haven dt Mil. 1st
189
Consol. mort. gold, guar, by Gr. Trunk of (&n.o*
65
DetroU Hillsdale <t S. If.—St'k,4 p. o. rent'l,L.S.&MS.
Dietroit Lansing <4 Northern Stock, common
Preferred stock
55
Ionia & Lansing 1st M., extended in 1889, guar. o*
D. L. <feN. consol. mort. (1st mort.on 167 ni.)...c* 222
43
Saginaw & Western Ist mort., gold, endorsed, .c*
55
Gr. R. L. & D. 1st M., ($20,000p. m.) endorsed. .0*
1888.
Bondu — Prinol-
INTEREST OR DIVIDENDS.
Size, or
of
of
,
Total expenses
Wetreoelpts
[Vol. LIV.
confer a great favor by giving immediate notice of any error discovered In these Tables.
nrlll
RAILROADS.
Vor Axplanatlon
;
earnings, with a guarantee of 4 per cent interest on the
first
mortgage
and extension bonds, and 2^ per cent per annum on the incomes.
Des molnes & Kansas City.—Des Moines, la., to CainsvUle, Mo.,
112 miles, 3-foot gauge. Successor to Des Moines Osceola & Southern,
;
sold in foreclosure in 1887. Bills payable were $504,012 July 1, 1891.
In year ending June 30, 1891, gross earnings were $103,921; net,
$29,396; taxes, $4,036; balance surplus, $25,940. Deficit on June 30,
1890, $7,556; surplus June 30, 1891, $13,384. President M. V. B.
;
I
1
Edgerly, Springfield, Mass.
Des jnolnes Northern Sc Western.—Owns from Des Moines to
Fonda, lowa^ 115 miles, and from Cllve (7 miles from Des Moines) to
Boone, 35 miles; total, 150 miles. A consolidation of January 1, 1892,
Delafvare & Neiv England.—This company owned $4,250,000 of of the Des Moines & Northern and the Des Moines & Northwestern.
the $.5,000,000 Poughkeopsio Bridge Co. stock, $1,600,000 of the Cen- The whole line has been made standard gauge. Company owns seventral New England & Wo.stern (whole issue) and $900,000 Hartford & eighths of the capital stock of the Des Moines Union Railway, and has
Connecticut Western. Stock, $7,500,000 (par $100) was held by trus- pledged a one-fourth interest under its mortgage. The bonds bear 4
tees to preserve unity of system and trustees' certificates issued there- per cent interest till January 1, 1897; thereafter 5 per cent Mortgage
ior. In 1892 a controlling interest in the stock of the Central N. E. A trustee is the Metropolitan Trust Company of New York. Stock
Western and the Pouglikeepsie Bridge was sold to the Philadelphia <fe authorized, $15,000,000; outstanding, $4,200,000; par, $100. From
Beading. SeeV. 54, p. 203. (V. 50, p. 275; V. 51, p. 876; V. 54, p. Jan. 1 to Mar. 31, 1892, gross earnings were $98,292, against $70,822
203.)
in 1891 net, $42,241, against $25,210. President, F. M. Hubbell, Des
la.
(V. 53, p. 256.)
Denver tc Klo Grande.— (^Sce Map)—Owaa from Denver Ctty> Moines,niolnes
Union.—A terminal road, 27,0 miles in length, in
Des
CoL, via Pueblo, Salida, Gunnison, Montrose and Grand Junction, to
the western boundary of Colorado, where it connects with the Bio Des Moines. Controlled by Des Moines Northern & Western— which see.
authorized,
Stock
$2,000,000; outstanding, $400,000— par $100.
Orande Western to Salt Lake City and Ogden. Branches run to LeadvUle, Dillon, Rifle Creek, Crested Butte, Silver Cliff, C:!haffee, Aspen,
Detroit Bay City
Alpena.—Owns from Alger, on Mlohiean
Ouray and Hot Springs also from Pueblo to Silverton, via Cuohara, Central Railroad, to Alpena, 105 miles; Loon Lake Branch, 29 mUes;
Alamosa and Doraugo, with lirancbes to El Trinidad, Espanola, Del Mud Lake Branch, 21 miles; other branches, 77 miles; total road, 232
Norte and Wagon Wheel Gap, etc.; total June 30, 1891 (including mUes. Has a traffic contract with Michigau Centi'al. Stock authorized
Rio Grande Junction leased), 1,677 miles. The standard gauge and is $2,000,000; issued, $1,670,000; par, $100. A dividend of 4 per cent
road with third rail (completed and under construction) embraces -a was paid January 3, 1888, and of 2ia per cent February 10, 1891.
considerable part of the mileage. There is a through standard gauge
From Jan. 1 to Mar. 31 (3 months), in 1892 gross earnings were
route between Denver and Ogden over this road, the Rio Grande Jano- $92,765, against $124,832 in 1S91
net $39,461, against $56,314.
tlon (which see) and the Rio Grande Western. The Rio Grande South- In 1890 gross earnings, $523,037; net, $217,394; interest $150,000;
ern road was completed in January, 1892. See V. 53, p. 674.
dividend (213 per cent), $41,750; surplus, $25,644.
In 1891 gross,
Okg ANIMATION.— The former Denver & Rio Grande Ballwa,/ was fore- $417,674; net, $132,819; interest on bonds, $150,000; dividends, (2'8
closed July 12, 1886, and reorganized as the Denver & Bio Grande percent) $41,750; balance, surplus, $84,150. (V. 50, p. 174, 735; V. 51,
Railroad. The Rio (jrande Junction Railway is leased jointly by this p. 113; V. 52, p. 320.)
company and the Colorado Midland, and its bonds guaranteed.
Detroit Grand Haven &. inilnraukee.- Owns from Detroit
Bonds and Stocks.— Of the consolidated gold bonds (United States Mich., to Grand Haven, Mich., 189 miles. This is a reorganization of the
Detroit
& Milwaukee, which was sold in foreclosure September, 1878.
Trust Company, trustee) $6,382,500 were reserved to retire the prior
bonds when due. See abstract of mortgage in Chronicle, V. 47, p. 228. The bonds are guaranteed by the Grand Trunk of (3anada. Stock,
par, $50. Real estate mortgages, $220,000.
$1,500,000
United States Trust Co., New York, is trustee of the Improvement
From Jan. 1 to Mar. 31, 1892 (3 months), gross earnings were *58,477
mortgage of 188S. Mortgage absti-aot in Chronicle, V. 47, p. 229.
against
.£54,247
in 1891; net *8,856, against £8,117. Gross earnings
Dividends on preferred stock: In 1887, 2'3 per cent; in 1888, 2>9per
cent in cash and II4 in scrip, subsequently redeemed iu cash; in 1889, iul891, $1,195,862; net $301,906; deficit under interest $56,816
in 1890)—paid by Grand Trunk RaUway Co.
(against
$82,205
Dll: February, 1890, II4; August, 1 2; in 1891, February, 213; In
August nU.— See V. 53, p. 108, 125, 14
Detroit Hillsdale
Southwestern.—Owns from Ypsilanti,
Pnoeot common stock: Inl886,14% 35%(a8868smentpald); in 1887, Mich., to Bankers, Mich., 65 miles. The Detroit Hillsdale A Indiana
20>a®32%; in 1888, 153123; inl889,l ^aiS^a; in 1890, 14ifla21''8; in road was sold in foreclosure Jan. 28, 1875, and this company organized
1891, 1314921; in 1892 to May 20, Inc.asive, 1678«19i2.
by the bondholders. Leased in perpetuity from July 1, 1881, to the Lake
Price of preferred stock: In 1886, 53^63''8; in 1887, 527836838; in Snore&Michigan Southern Co.; the rental is $54,O00per year--4 percent.
1888, 10®55%; in 1889, 42i4®52''8; in 1890, 45®61"4; in 1891,
Detroit Lansing Sc IVorthern.- Owns from Grand Trunk Junc40«63'e; tn 1892, to May 20, nolusive, 45^54.
tion, Mich., to Howard City, Mich., 157 miles; branches Stanton JimoBarmnos, Etc.— The outlo( fc for business was reported In March, tiou to Big Rapids, Mich., 63 miles; Beldlug Branch, l^a miles; total
1892, 1 3 be promising. See V. 54, p. 443, 701.
owned, 222 miles. Leases: Grand Ti-unk Junction to Detroit, 3 miles
Pron July 1, 1891, to Mai oh 31, 1892 (9 mos.), gross earnings were Lansing to North Lansing, 1 mile Sarfuaw & Western RR.—Alma to
«6,745,488, against $6,797,989 net, $2,896,025, against $2,597,292. Howard City, 43 miles; Grand Rapids Lansing & Detroit RailroadSee V. 54, p. 701.
Grand Rapids to Grand Ledge, 53 miles, and branch, 2 milcj*; total, 323
For half year ending December 31, 1891, 1891, gross earnings were miles; also operates Saginaw VaUey & St Louis, 45 miles, and pays
4,618,419, against $4,984,432 iu 1890; net $2,001,202, against Interest on its debt, but reports earnings separately. The Detroit Lanst 2,143,455; payments in 1891—interest on bonds, $999,337; other in- ing & Lake Michigan was foreclosed in 1876 and this company formed.
taxes, $150,000
terest, discount, etc., .$92,302
betterments and reIn April, 1892, David Edwards was appointed Receiver of the Grand
newals, .$120,000; rentals and passenger pool, $72,953; surplus Income Rapids Lansing & Detroit Railroad on petition of the contractors, who
toi half-year, $572,609, applied to reduction of floating debt.
wish to collect their JudKineut of $91,000 for •onstructlon.
Fiscal year now ends Juno 30. Report for 1890-91 was published at
Dividendson common stflok since 1879— In 1880, 6; in 1883,6; in 1884,
enx th In the Ohboniolb, V. 53, p. 435, 437.
6 in 1887, 3 in 1888 and 1889, nil. On preferred stock In 1879, 9>a
;
;
5
'
;
&
;
;
;
&
.
—
i
;
;
;
;
;
;
May,
1892.]
KAILKOAD STOCKS AND BONDS.
'4»
oc
so
INVESTOES' SUPPLEMKNT.
[Vou UY.
« t"^"*'"^'
L.r.mieCi«y
Chambers-^
o
o Michigan
Lyons
TrouWesome
UouldeiT'
Hot Sulphur^
L
Springs
.£^/'
*°
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MIDDLE
PARK
^
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'Central City
q
Golden^
'Georgefown
*
'/*^
"
"<!hom/ Sta
DENVER)!
DILLON
v\<*
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Alarshallo
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lACESUIA
BRECKENRIDGE
Eagle TarK%4
^Sedalia
J'K'ikora'^
)„ Park "1
^,,vw>»-
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"^S^TTM^jOr LEADV
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jttwxhurst^
Everett
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Baldwin^
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4j^'"'flApache
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-V*
Santa ClaraQ
.<^*'»7
^Summllyillea
y^cKljao
,N^°^
Parrott^
Or,
Porter Coal
Banks
PANDe
'3bVC>' Jst. o^ ^,^-
^
<«Ji''
rbPagoaa Springs
-;a»-;s5*2'j„ia
.o- \jo
.
^-
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.AnlahapaW
Bamesr
S^I''!''-.
Chlco^
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Haniu
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TRINIDAD^
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iSa^i
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Volcanp
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Bio
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N
Fernaiidet
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deXoos
Springer/
aOISE CITV
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M/^l
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Fillmore,
3Ioi"a
^SANTA FE
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Hot Springs
pIiBs
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t'!.'I'rfe,\A
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I
MAP OP THE
DENVER & RIO GRANDE
RAILROAD
/TSan Marclal
"x
I
c
J
o
Zaoo
Oje
2o3
Foaw
'^
1
I
.
.
feAlMOAD STOCKS AlyD BONDS.
im]
Ma*,
di
Subacrlbera Will confer a (treat favor by iglvlnx Immediate notice ofanjr error dlKCOvered In tlieae Tables.
rail«Ods.
Miles
For explanation of ooluniu b'C'aUlngs,
on ttrst paj^o of uAtXcn.
J^KfcK^Me
it
—Stock
die, see uotoR
-il
In 1883,
A
aowa
Falls
'Cher
& Uak
.'...-..f
extended by mrtes.
. .
ilivUlon
•Goii. luoit. for $H,00(t,0(>(1,
held hy
111.
Cent.,g.e$r
Mam iiHtite &
1|)7
—
cf-
Ontou
1st
524
43
43
143
IKl
.Sioux City 1st M., la. F. to 8. City.
ami (,'(!(lar Kap. & Chic. lat morta...
thitulh a Iron llimi/r—lut inortKaKe
o4r
OhU. Ked ri«(/</:*).— 1st M.,K..*'.iO,000 perinUo.o*4r
Jhtiuth S»utM ahore
AUanlic
Mani. n.
lis
.'i.
.
M
On. Mi)rt.,l8t on 40 mUo», rod. at 100
MorlKage. 1st on 15 uiilos, red. at 10.5
c**r
Qon. Mart.— 1st. M. on Mar. A West., 21
c'
Dnliith .South Shore* Allan., l»tinort.,KOld..cAr
Fir.st consul, miirt.. (,"'1''. Interest jtuar
o'Ar
50
90
78
<fe
m
156
366
580
HhtluthtC in(i«i>(-7.— lsl.M.ri)r.1i7,(K)(),000,Kold.o*Ar
Dunkirk-
.{llrr/h. \'al. it
90
90
30
I'illxbiirg—l^t niort., (jold-.o
2d and Ml luortKaKcs ($200,000 only are 3d M.l.o
East Urmid r»>)— Istmorttcage
r
reHHsylvaiUa—Htoektip.o gu.999yr8.PMl.<fcE.
36
36
jBasI
o*
c*
Ifit inortjiraKc, *^old
Bast Shore Trrniinul— 1st niortjratfo, gold
2d niortjcadc
(.•(v:«K),0<)0)
redcenialilftat
—
105
&
Int.
....
Tennessee Viri/inia dh Georgia Ci)ninion .stock.
Ist preferred stock (5 per cunt non-cumulative)..
2d preferred stock (5 per cent niin-cuuiuliitive)..
Old l8tM.s.f.(Brl8tol,Tenn.,viaChat.to Ualtiiu.Ga)
<;onB.M.,divis'al,K.,(Bri8tol,Tenn.,to8clma,Ala.)o*
Ala. Cent. 1st M., Selma to Meridian, gold, guar.c
iSttsl
[
Date
Size, or
of
Par
Rood. Bonds Value.
SiOHi Citu
lift Bi()rtKa»?o, iliio
1st uortKiik'e
of
....
242
552
95
BoHrft-PrincI-
INTEREST OR DIVIDENDS.
Amount
per When Where Payable, and
OutstaudinK Rate
Payable
Cent.
Whom.
$100
180S
1804 500 &c.
IHHS
IHC'.I 500 &o.
ISMS
1887 l,0OOAc
1888
1,000
$8,000,000
295,000
586,000
1,531,000
1
5
J.
J.
J.
7
5
2,1»0,.5(X)
7
3,930,000
4,531,000
5
5
g.
A.
J.
A.
5g.
(»
.1.
1872 100 Ac.
1,354,500
8
1878
1,000
57(i,000
6
l,500,0fK)
1883
1,000
6
1885
1,000
1,400,000
6
1887
1,000
4,000.000
5k.
1890 100 &c. ;See remarks.
4g.
1889
1,000
2.000.000
Sg.
1870
1,000
2,000,000
7|.
1872
1,000
900,000
7
1873
1,000
500,000
4
50
1,730,4.50 6 per an.
1888
1,000
495.000
Ig.
1890
1,000
1,000,000
5g1892
1,000
200,000
8
100 27,50(J,00<1
ll.OOO.OOO
....
100
2
1S,5()0,0(X)
"7"
1870
1,000
3,123,000
1880
1,000
3,10fi,000
5 g.
1879
1,000
1,000,000
6g.
J.
M.
J.
A.
J.
P.
.T.
I.
A.
.r.
J.
M.
F.
M.
A
St
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
N.Y., Office, 216 B'way.
D.
3.
D.
0.
D.
0.
J.
do
do
do
do
do
do
do
do
do
do
N. Y., Office, MIIU Bldg.
New York City.
D. N. Y., Cha«e Nat. Bank,
S.
D.
0.
J.
A.
New
do
do
do
do
York or London.
do
do
do
do
do
0.
do
Jan., 1885, lattt paid.
J.
Read. RR.
J. Phil., Phil.
A
Dec. 31, 1891
Jan. 1, 1883
July
June
Oct
Dec.
Oct.
Jan.
June
Mcb.
Juno
Apr.
Jan.
Aug.
Oct.
July
Jan.,
do
Mch.
do
A. N.Y.,DavlsACo..44Wall Aug.
Mch.
8.
do
do
8.
Ofllce,
A
A
DIvldenil.
J. Phll..Oua.Tr.ASafeDcp. July
D. N. Y., N. Y. Cent.A Hud. June
.t.a'j. N.
J.
J.
lial.W)i(fn l>iie.
tiT
J.
J.
80 Broadway.
1,
1,
1,
1,
1,
1,
1894
1038
1917
1935
1937
1928
1893
1908
1923
1925
1937
1990
1929
I, 1900
1, 1900
1, 1903
1892
1, 1958
1. 1915
1, 1003
1,
1,
1,
1,
1,
1,
1,
Nov. 30, 1891
Chase Nat. Bank, July
do
do
July
July
do
do
Y.,
1,
1,
1,
1900
1930
1918
per cent; from 1880 to 1884, Inclusive, 7 per cent; in 1885, 513; In 188(i.
8>3: in 1887,7; in 1S88, S'a; In 1889 and since, nil. The sinking fund
holds $218,000 of the Detroit LansinK & Nortliern 78 and $20,000 of
the Ionia & Lansing .'is given as outstanding in tlie table.
From January 1 to March 31, 1892 (3 montlis), gross earnings were
f274,755, against $203,193 in 1891; net, $51,037, against $05,547;
Interest, rentals, Ac, $78,883, against $78,883; dettcit, $27,246, against
to West Duluth, Minn., 10 miles, with spurs to factorlea, et«., 40 mllen.
In July. 1891, a mortgage was recorded fiu' $2,000,00t) to the Metropolitan Trust Co. of New York. This mmtgage will cnal>le the comjiany
to build boats and wharves, equip ita lines, and furnish cheap terminal
facilities to all railroads entering or desiring to eater Duluth. Stock
^elicit of $13,336.
Pari! on St. Paul A Duluth (14 miles from City of Duluth) northwesterly. 93 miles. Extensions from Short Line Park to New Duluth. 2
miies, and from northwest end of track to Lake Winuiliighosliiah, under
construction. North Star Construction Company of Baltimore is iuiiiding the road. From Jan. 1 to April 30, 1892 (4 months), gross earnings
were $47,364, against $25,425 in 1891. In 1891 gross earnings were
.$85,481, ag.iinst $57,149 in 1890. Until November 16, 1891, onlv 71
miles were operated. A. W. Wright, President. (V. 53, p. 58, 368; V.
54, p. 597.)
Report for 1891 was In V. 54,
p. 682.
INCOME ACCOUNT.
1889.
1890.
1891.
1,131,986
325,062
1,219,663
392,797
1,254,100
375,446
331,774
318,633
316,587
1888.
Total gross earnings. 1.041,800
Net over cxp.&ta.xea. 321,170
Disbursements
Interest
310.546
Dividends (3 "2 on pf.)
87.850
Balance, surplus
def. 77,226
—
6,712 8ur. 74,164
58,859
prolit.
1 1,738
3,369
Def. 8. V. A St. L. RR.
19,149
(V. 52, p. 49T; V. 53, p. 187; V. 54, p. 287, 682.)
Dubuque ic Sioux City.—Owns from Dul)uque, Iowa, to Iowa
Falls, 143 luiloa
Iowa Falls to Sioux City. 184 miles; Manchester to
Cedar Rapids, 42 miles; Onawa.Iowa.to Sioux Falls. Dakota, 155miles;
total, 524 miles. Also leases Cedar Falls A Minnesota, 76 miles. In
April, 1887. a controlling interest In the stock was sold to Illinois
Central and lu Febru.ary. 1891. tlie road was leased to tliat company,
the rental being net earnings and the lease being terminable on 60 days
notice. See V. .53, p. 350; V. 51, p. 493.
In 1887 the Duliuque & Sioux City RR. Co. began a suit to annul the
lease of the Cedar Falls & Minnesota Railroad. Under a cross liill in the
U. 8. Circuit Court in Chicago, that Court decided the lease valid as
against the Dubuque A Sioux City Co., but that the Illinois Central
Railroad Co. is in no way bound to the Cedar Falls A Minnesota Co.
The Dubuque A Sioux City Company has appealed to the Supreme
Court of the United States.
Stock is $8,000,000. .See V. 47, p. 440, Illinois Central owns $7,897.300 stock and all the 5 per cents also all the Clierokee A Dakota and
Cedar Rapiils A Chicago 5s, due in 1935, which are pledged as part
security for its 4 per cents of 1952.
Dividends : In 1888, I3 of 1 per cent; In 1891, June, 1 per cent; Dec,
1 per cent.
In yeai
!ar ending June 30, 1801, gross earnings were $2,558,222. In
1889-90 gro.ss $l,00i).i»24 net. $470,928. Deduct interest. $^184,538
1I0S8 on Cedar Falls & Minnesota, $189,170, leaving a deficit lialance of
$190,783. (V. 51, p. 493 V. 52, p. 350, 427; V. 54, p. 159.)
Dulutb
Iron Range. —Owns Diiluth to Ely, Minn.. 116 miles.
Sold to a syndicate in 1887, and above mortgage was authorized at tlie
rat« of $25,000 per mile tor construction and .$7,000 for equipment, tlie
Metropolitan Trust Company of New York being trustee. Branch, under
construction, to be completed In August, 1892. Stock autliorized, $3,000,000; outstanding. $500,000; par $100. Land grant from Minnesota about 50(>. 000 acres. See V. 51, p. 875. The .Minn. Iron Co. owns
the stock, $3,500,000 income certificatea and $400,000 bonds. From
Jan. 1 to M.arch 31, 1892 (3 mouths), gross carnintrs were $91,552,
against $00,652 in 1891; net, $12,461, against loss of $25,807. In 1891
gross earnings were $1,154,129; net, $618,321; iuterest paid, $218,200;
rentals, $1,438; Improvements, $23,751; surplus, $374,931, against
#330,744 In 1890. President, M. J. Carpenter, DiUiith. (V. 51, p. 875.)
DnInth Soutli Shore
Atlantic—Operates Duluth to Sault
8te. Marie, 411 miles (of which 44 miles from iJuluth to Iron River is
used in common with Northern Pacific) "Soo" Junction to St. Ignace,
43 miles; other lines, 135 miles; total, 589 miles. At Sault .Ste. Marie
connection Is made l>y bridge witli the Canadian Pacific. Purcliased at
Judicial sale Octolier 20, 1886, the Detroit Mackinac A Marquette Railroad and property. The Marquette Houghton A Ontonagon Railroad,
160 miles, was hrased in i>erpetuity, but in 1890 the lease was rescindea
and all the company's property, except its franchise, sold to the Duluth
South Shore & Atlantic, which assumes its debt and gives new consols
def.
—
;
;
;
;
;
&
&
;
In exchange for its stock.
In July, 188S, a controlling Interest in the Duluth South Shore A A^
lantic stock was sold to Canadian Pacific parties. Common stock is
$12,000,000; preferred. $10,000,000; par both $100. Preferred stock
Is 6 per cent, non-cumulative.
Car trusts August. 1890. .$520,325 at 6
per cent, due August. 1895. See abstract of ftrat mortgage, V. 45, p.
274. The .Marquette A Ontonagon bonds due June 1, 1892, will be extended till December 1, 1892, at 4 per cent.
The first eouaolidated mortgage of 1890 has Interest at 4 per cent,
fuarantecd by Canadian PaciUo. The amount authorized by It Is
20.000,0<X) on tlio 580 miles now or hereafter owned, and $20,000 per
new lines in excess of 580 miles. Of this .$20,000,000, $1 1,169.300 liave been issued, but were held in the company's treasury on
March 9, 1892; the balance was reserved as provided in the mortgage
fur prior bonds. See V. 50, p. 874.
From January 1 to March 31, 1892 (3 months), gross earnings were
$270,893. again.st $238,457 In 1891
net, $45,185, agst. $48,174.
In 1891 gross earnings were $2,160,118; net, $827,826. See V. 54,
847. In 1890, $2,241,097; net, $818,393. (V. 49, p. 81; V. 50, p.
y
mile of
;
.
J^l22,
874.)
•
•
Dnlotb Tranafer Rallwray Company.—Projected from Duluth
autliorlzeil,
Dnlutli
$2,000,000.
Sc
Winnipeg".— Owns road completed from
Short Line
Eaat Broad Top (Pa.)— f3-/oo<(/aj«oe.>-Own9 from Mount Union,
Pa., to Robcrt.sd.ale, Pa., 30 miles, and leases branch to Stair Mine, 9
miles; total, 39 miie.s. A coal road, opened in 1874. Stock, $815,602;
par, $.50; total funded debt, $543,088.
In 1890-91, gross, $122,814;
deficit after ail payments, $44, against $20,540 in 1889-90.
Knst Pennsylvania.— Owna double track from Reading, Pa., to
Alientown, Pa., 30 miles. Leased for 999 years from May 1, 1869, to the
Philadelphia A Reading RR. at a rental of 6 per cent per annum on the
stock and interest on the bonds. Austin Corbln, President, Philadelphia.
EaHt Shore Xermlnal.— Owns railroad, piers, warehouses, cotton
presses, Ac,, ou the water front at Ch.aricston, S. C. its linos connecting
the railroad system centering at Charleston with the piers. The second
mortgage bonds for $300,000 are redeemable at 105 and interest on
any coupon day. The stock was to be increased $300,000. (V. 53, p.
407.)
&
Eaat TennesMce Virginia
Georgia Railway,— (Ste Jfop.)—
wns: Bri.stol to Chattanooga. Teun.. 242 miles; Morristowii to Unaka,
44 miles; Cleveland to Selma. 204 miles; .Selma to L;uiderdale. 95 miles;
Elizabeth, Ala., to Akron, 53 miles; Rome, Ga., to Macon, 159 miles (13
miles jointly with Georgia Pacific); M.acon to Brunswick, 190 miles;
brandies to Savage Creek. Ac. 78 miles Rome to Attalla. Ga.. 62 miles;
total owned, 1,187 miles; trackage (Mobile A Ohio) Lauderdale to
Meridian, 18 miles; leases the Kno.xville A Oliio Road, 60 miies. and
controls the Briarfield Blockton & Birmiugliam Railroail. Birmingh.tm
Junction to Blockton, and branch to Bessemer. 32 miies; total June
;
;
Controls also the lines of tlie Memphis .fe Cliarleston Railroad from Cliattanooga to Memphis, Tennessee, 310 miles, and
the Florence and Somerville branches, 20 miles; the Mobile A Birmingham, 130 miles. Total East Tennessee Virginia A Georgia, 1.800 miles.
Also lea-ses tlie Louisville Southern RR, 130 miles, and is interested
in the Erlanger roads; the Cincinnati New Orleans A Texas PaciUo,
Cincinnati to Chattanooga, Tenn., 336 miles; the Alabama Great
Soutliern, Wauhatchie, Teun., to Meridian and branch. 293 miles, etc.
OUfiANi/.ATioN. Etc.— Tills road, the East Tennessee Virginia A
Georgia Rail ic«i/, was formed in 1886 as successor of the East Tennessee Virginia A Georgia RMroiirl, wliich was sold in faredosure
May 25. 1886. The Richmond Tenninal held ou Novemlier 30. 1891,
$8,783,200 first preferred. $0,536,000 second preferred and $3,8S0.00Q
common, of which $8,283,200 tlrst preferred and $1,223,000 .second
preferred were pledged under its trust deeds.
As to the Riclimond Terminal reorganization, see the Terminal Co.
and V. 54, p. 846, 887. In May application was made for an injunction
to restrain the company from becoming a party to the Olcott plan and
for a receiver for tlie company. (See V. 54. p. 800.)
The Knoxvillo A Ohio was leased for 99 years from 1889 and Ite
bonded interest guaranteed by the rental.
In April. 1890. ac<iuired an interest iu the Alabama Great Southern
system by purchase of stock. See Cincinnati New Orleans A Texas Pacific, also statement concerning Cincinnati Extension bonds below, and
V. 50. p. 500.
In July, 1890. leased Louisville Southern for 09 years,
guaranteeing 5 per cent on t>onds. (See V. 51, p. 51.)
Stocks and Bonds.— Both the first preferred and the second preferred stocks are entitled to a non-cumulative dividend of 5 per cent.
Dividends iiave been On first preferred stock in 1887, 4 iier cent; In
1888, 5; in 1889, 5; in 1890, 5; iu 1891, 2.
Price of common stock— In 1886, liaises; In 1887,9i9S17;ln 1888,
8aill>4;inl889, SasSlUa; in 1890, 6^311>3; In 1891, SaS"*; In 1892,
30, 1891, 1,323 miles.
:
to
May20
1nclu.sive,
41899%.
Price of Hrat preferred— In 1886, 67a>83»B; in 1887, 52a82ia; In 1883,
in 1889. 03a)76ia; in 1890, 55®81; in 1891, 40a66; In 1892,
toMay 20 inclusive, 40351%.
^
Price of second preferred— In 1886, 24®35%; in 1887,18332; in
1888. 17>4®27i9: in 1889. 20a25i4; In 1890, 13i3a27>4; In 1891,
9''8«19i8; in 1892, to Mav 20 inclusive, 12®20.
Besides the bonds of the Knaxvillc A Ohio in thet4>ble above the coinpany guarantees .$3,000,(XW Mobile A Binuingham 5 per cents and
$5,00(1.000 l^iulsville Southern 5 per cents— see those companies.
Tlie trustee under the consolidated mortgage of 1886 and the Brat
extension mortsrage of 1887 is the Central Trust Company of New \ork;
$7,325,000 consolidated bonds were reserved to retire prior iiouds of
the AlabamaCentral RK. and the East Tennessee Virginia ACJeorifia.
Tlie Cincinnati Extension l)ond9 of 1890 were issued jointly iiy this
company and the Richmond A Danville, and ar« guaranteed, principal
55®83;
,
69
INVESTORS'
SUPPLEMENT.
[Vol. LlV.
J
.;
.
Mat,
RAILROAD STOCKS AND BONDS.
180S.]
Sabacrlbers ivUl confer a gretit favor
HAILHOAD8.
Miles
&o., see notes
Wr explanation of oolomn hoadlni^,
tables.
on
first
bjr
of
iBast Tennessee. Virginia it Qeorgla—C Concluded)—
E. Teun.Vii. A Ou. coimol. M., >?. (.1!20,000,000) .CAT 1,083
lHtext«iial()nni(irt. ($20,000 p. iii.), KoUl
o»r 237
luiprovcnHmt aiul equipment inort.,xold.. ..cAr 1,083
Cincinnati ExU'nHloiit;oIlnt.Tr.,Kolil, guar. ..0*
General niortKago tor $15,000,000, gold
c*r
Knoxvillti A Ohio— IstM., gold, giiar.by rent. o*Ar
66
East a WeM ^to.— Ist cons. M., g. ($15,000 p. m.) o*
119
Eastern (H. J/.y— Stock
16
—Stock,
2>a to 3
a
BJjTin Jolirl
c, guar, by Wabash.
E(tste.rn—lnl M. ($10,000,000) gold.o*
Elisabeth Lex.
<t
Eel
Itivei
llig
Blmira Cortland
p.
04
165
110
120
120
34
76
76
76
"30
.
Sandy— lHtti.,g., ».t.,i\ot dr. o'
—
Northern 1st pref. M., gold..o*
1 9t mortgage, gold
Blmira it Luke Ontario SodusBaycScBo. lstM.,g.c
Blmira
t£
—
—
—
^Yilliamsport St'k, com., 5 p. 0. ren'l, N.C.
Preferred xtock, 7 p. o. rental, 999 yT8.,No. Cent.
Ist mortgage
r
Income l>on(lB, 909 years to run
o*
gttipire <t Ihiblin—lHtM.., g. ($320,000) $8,000 p.m.
dl «/(«.— Stock, 7 p. e. reiital,i)99 yr«..PennCo.
CouROl. mort. free of State tax (for $4,500,000) .0
tt
»K
Equlpmenl bonds
c
85
81
81
81
19
C
i'l4
o
General mort. for $4,500,000 series A,
Eureka Springs— Ist mortgage, gold
2d mon. income bonds
European <t North 4in.— Stock 5 p. o.
g.,
immediate notice of any error discovered in tlieee Table*.
BoruU—Trlatt'
INTEREST OB DIVIDENDS.
Date Size, or
When Dim.
Amount Rate Per When Where Payable, and by paL
of
Par Outstanding
«foeJlu-Laat
givlnic
Road. Bonds Value.
page of
guar...
rental, M.
Bvansville ti Indianapolis— T. H. & Soutlie.lst M.c*
Evansville & hulianapolin iHt mortga^re, gold..c*
Consoi. mortgage (for$2. 500.000) gold, guar.o*
EvansvUte <t Terre Uaute—iHook
Ist con8olidate<l mortgage, gold
o*
Mt. Vernon Branch Ist mort ($15,000 p. m.), g.c*
1886
1887
1888
1800
1890
1885
1886
1,000
1,000
1,000
1,000
100
100
1897
1872
1884
1884
1884
1860
1863
1889
1,000
1,U00
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
100
1879
1884
1886
1,000
1,000
1,000
144
25
1881
1883
1,000
1,000
50
$1,716,679 $1,793,014 $2,073,240 $2,074,441
7,156
16,752
52,687
126,304
Totel net ineome
Disbursements —
Dly.onlstpref. st'k,5p.o.
Ifisoellaneous
$1,723,835 $1,809,770 $2,125,927 $2,200,745
$1,086,993 $1,223,852 $1,404,743 $1,855,243
550,000
550,000
550,000 * 550,000
16,156
18,775
..,
73,966
Total dlsbnrsement8..$l,653,149 $1,792,627 $1,954,743 $2,479,209
sur.60,686 sur.l7,143su.l71,184def.278,464
•This dividend was paiti in the year out of previous Income, but from
the earnings of 1800-91 only 2 per cent was declared, payable Nov. 30.
—(V. 62, p. 80, 83, 831, 902; V. 53, p. 407, 711, T 14, 922; V. 54, p643, 800.)
Balance
East
A:
TTest Railroad of
Alabama.—Owns Cartersville,
Oa.
to Pell City, Ala., 117 miles; branch, 2 miles. Stock Issued, $10,000
per mile; par, $100. Chas. P. Ball, Cartersville, Ga., Receiver, was
authorized to issue $650,000 certificates to put the rosvd in thorough
repair. See V. 48, p. 189. Gauge changed to standard in 1890. Litigaation Is pending and no interest, it is said, has been paid on receiver's
certificates. In calcjidar year 1891 gross earnings were $131,534; net,
$7,266. In 1890 gross, $125,610; net, $10,922. E. Kelly, President,
New York.
Eastern (mass.)—See Boston A Maine
Eastern illinncsota.—See Grbat Nobthern.
Eastern (N. H.)^Owns from Portsmouth, N.
3,282,()<)0
7.'>0,000
570,000
240,000
N. N. Y. Chase
D.
do
8.
do
A.
D.
do
do
do
J.
Nat Bank, Not.
do
do
do
do
de
Last paid Deo., 1887.
Boston, by Treasurer.
Boston, by Treasurer.
N. N. Y., Drexel, M. A Co.
D.
&. D.
<b O.
&
& S. N. Y., Mills Building.
& O. N. Y., 192 Broadway,
do
do
4 O.
J. A J. N. Y., Nat. Bank Com.
2Hi II. A N. Phlla., Penn. BR. Co.
do
do
J. ft J.
6
J. & J.
do
do
5
A. <b O.
do
do
«« J. & J. Jnlv, 1890, last paid.
Q.-M. N. Y., Union Trust Co.
J. A J.
do
do
7
A.
do
do
7
& O.
do
do
J. * J.
F.
Mercantile
ag.
& A. N. Y.
Tr. Co.
f
1,2.50,000
<fc
Dividend.
«
H.
M.
A.
A,
W
1,998,400
2,109,000
511,000
775,000
500,000
500,000
2,500,000
260,000
652,000
1,348,000
3,000,000 See
3,000,000
375,000.
,
Feb'y
A.
1.
O.
<Se
do
do
Bangor, Treas. Office.
N. Y., Farm. L. A Tr. Co.
do
do
June
Sept
1,
1,
1,
1.
1,
1,
1,
19M
1937
1939
Feb.
1940
Deo.
1940
July
192*
Deo.
192«
June 15, 1899
Apr. S, 1899
Nov. 1, 1941
Meh. 1, 1909
Apr. 1, 1914
Apr. 1, 1914
July 1, 1924
May 1, 1899
Jan. 2. 1893
Jan. I, 1910
Cot 1, 2S«9
Jan. 1, 1919
June, 1892
July 1, 1898
Oct 1, 1900
July 1, 1940
Feb. 1, 1933
Feb. 1. 1933
Apr. 15, 1899
Sept 1, 1909
July 1, 1924
Jan. 1. 1929
Apr. 2«, 1899
July 1, 1921
Apr. 1, 1923
& a.
A J.
A J.
do
do
rem. Q.-J. N. Y., Farm. L. ATr. Co.
do
do
«• J. A J.
f
6 8- A. A 0.\
do
do
per cent, the Chesapeake A Ohio to guarantee both
40
54
135
1887-88.
1888-89.
1889-90.
1890-91.
Hlles operated June 30.... 1,069
1,067
1,197
1,265
Total gross earnings
$5,109,917 $5,301,624 $6,412,078 $6,718,730
Oper'ng expenses & taxes 3,393,238 3,508,610 4,338,838 4,644,289
Interest on bonds
5,479,000
&
&
<b
&
<fe
J.
A.
3,(K)0,0«0
1,000,000
Ir., were: $4,095,986, against $5,168,485 in 1890-91; net over expenses and taxes, $1,279,126, against $1,502,381.
The fiscal year ends June 30. The annual report for 1890-91 was In
V. 53, pp. 711, 714. The results do not include Knoivllle A Ohio, etc.
Net earnings
5
ag.
73H,750 Bee rem.
1,000
500
F.
8-
1,725,(X)0
500,000
500.000
500,000
1,000
M.
«,00<>,«J0
60
50
50
1868
1870
1890
1883
1883
U.&
J.
230,000
2,000,000
Whom.
Payable
Cent.
91,000 $12,770,000
1,000
4,740,000
1,000
0,000,000
and Interest by the Richmond & West Point Terminal. They are further
eoured by a aeposit of £340,000 6 per cent preferred A shares and
*783,010 ordinary B shares of the Alaliama Groat Southern. There was
also to 1)C dci>o9ito(l for them $500,100 stock of tlie Cin(^inuati New Orleans & Texas Pacitic, and pending such deposit $500,000 in cash. See
abstract of mortgage in V. 52, p. 83.
The general mortgage of 1890 for $15,000,000 was to be used In
'building branches, double tracking, and retiring $4,470,000 extension
bonds of 1887, whole issue not to exceed $20,000 per mile.
EAUNING8, Etc.— From July 1, 1891, to Jan. 31, 1892 (7 months),
gross earnings ineludiug the K. <& O., the Louisv. South, and Mob. A
Ulsoell. receipts
S3
7
tL
J.
J.
est to 5
prlneipal
and interest of the bonds, which remain a tlrst lien. The bondholders,
so far as heard from, unanimously favor this uroposaL See V. 54, p.
720, 761. See Mr. Huntington's statement in VT 54, p. 242.
Annual report for 1890 was in V. 52, p. 497. For year 1891 grog*
earnings were $775,787; net, $204,072; interest, $196,920; taxes, Ac,
$57,930; deficit, $50,777. In 1890 gross. $816,329; net, $313,044.
—(V. 52, p. 497; V. 53, p. 408; V. 54, p. 242, 287, 328, 720, 761.
&
Elmlra Cortland
Northern,—Owns Elmira, N. Y., to Cana119 miles, and leases during corporate existence, Canastota
Northern Railroad, Canastota to Camden. N. Y., 21 miles. Sold in foreclosure in 1878 and again in February, 1884, and reorganized as at
In year ending June 30,
Present.. Stock is $2,000,000; par, $100.
891, gross earnings were $463,452; net,$115.171; intereston preferred
mortgage, etc., $46,400; rentals, etc., $18,000; surplus, $50,771. In
1889-90 gross $480,416. Austin Corbln, President, New York aty.
Elmlra Sc Lake Ontario.—Owns from Canandalgua, N. Y., to
Chemung Junction, 64 miles Sodus Point to Stanley, 34 miles other 2
—total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
Jk Southern and other railroads.
Leased at cost of operating to the
Northern (Central, which owns all the $1,500,000 stock and $226,000
Sodus Bay bonds, including $99,000 in insurance fund. Lease may
be terminated ou thirty days' notice from either party. In 1891 the
gross earnings were $706,186; net, $3,874; interest, $25,000; other
charges, $16,894; deficit, $38,020, payable by lessee.
Elmlra Sc 'Wllllamsport.—Owns from Williamsport, Pa, to Elmira, N. Y., 76 miles. This company was reorganized under the present name February 29, 1860, and leased to the Northern Ontral Railway for 999 years from May 1, 1863, at a rental of $151,500 iMjr annuni
after January 1, 1880. The dividends on the common stock are 5 per
cent and on the preferred 7 per cent Gross earnings in 1890, $912,632
net, $148,084; rental, etc., $182,293; loss to lessee, $34,203.
stota, N. Y.,
;
;
Empire &
Dublin. —HawkinsvlUe, Oa., to Dublin, 40 mllee; oomBleted, 32 miles, crossing East Tennessee Virginia A Georgia at Empire,
'odge County. Interest on bonds guaranteed till July, 1893, by Emplra
Lumber Company. In December, 1890, Judge Roberts was made receiver. Stock, $320,000— par, $100.
i'rom July 1 to November 30, 1890 (5 months), gross earnings were
$16,422, against $6,627 In 1889 net $8,653, against $3,315.
Ett year
1889-90, gross, $25,088; net, $13,352; Interest, $6,320; surplus, $7,032.
Erie
Plttsbure.—Owns New Castle, Pa., to Glrard, Pa., 82 miles;
branch, Dock Jimctlon to Erie Docks, three miles; trackage (Lake
Shore & Micliigan Southern); Glrard to Erie, 17 miles; total operated,
101 miles. Road opened in 1865. It was leased to the Pennsylvania
Railroad for 999 years from March 1, 1870, at a rental of 7 per cent on
stock and Interest on the bonds, and the lease was transferred to the
Pennsylvania Company.
In October, 1890, a new mortgage for
$^1,500,000 was executed, $3,262,000 being reserved to retire prior
bonds and the balance for improvements, &o. The lease has ooen
quite unprofitable to the lessees, the deficiency paid bv them in 1885
being $354,633; In 1886, $225,794; In 1887, $287,30(5 in 1888, $211.063; in 1889, $290,734 in 1890, $267,705 in 1891, $201,724.
;
&
H., to Seabrook
<Has8achiisctt>< 8ta.te Line), 16 miles. Leased to the Eastern RR. (now
lOOnsolldated with Boston <t Maine) from Octol)er 1, 1878, for 60 years
and 2 months at .$22,500 per year. In June, 1891, a stock dividend of 50
(per cent was paid. Dividends till Increase of stock were 4'^ per cent
(per annum, since Increase, 3 per cent. The directors have been authorized to arrange for a union with the Boston A Maine Railroad ComEnreka Springs.—Seligman, Mo., to Eureka Springs, Ark., 18>t
I>any. (V. 52, p. 939.)
miles; projected to Harrison, Ark., 50 miles beyond. Stock, $500,000;
Eel Klver.—Owns from Logansport, Ind., to Butler, Ind., 94 milea. far, $100. There Is a traffic contract with St. Louis & San Franoiaoo.
This was formerly the Detroit Eel River A Illinois Railroad, sold under
n year ending June 30. 1891, gross earnings were $62,969; net
foreclosure July 6, 1877. Leased for 99 years, April 1, 1887, renewable $27,925 interest, $30,000.
forever, to Wabash, at 2 per cent yearly on the stock tlU April, 1892,
European
North American.—Owns from Bangor, Me., to
then 212 till 1895 and 3 per cent thereafter. V. 53. p. 436.
Tanceboro (State Line), Me., 114 miles. On August 31, 1882, a lease
Elgin JoIIet
Eastern.— CS«e Jfap;— Owns from Waukegan IlL, was made to the Maine Central for 99 years for $125,000 per annum
(two miles east of Elgin), via Spaulding and Jollet, to McCool, Ind., equal to 5 per cent per annum on the stock, and assuming the bonded
123 miles, and l)ranches Aurora to Normantown, 9 miles—Walker to Cos- debt of $1,000,000 which Is given under Maine Central.
total, 164 miles. This is a great belt line affording
ter, 111.— 32 miles
ETansvlIle ic laatainKpollm.—( See Map EtansviUetl Terre Haute)
to roads approaching Chicago facilities for transfer of freight from —Owns EvansvlUeto Terre Haute, Ind. (via Worthington), 138 miles;
one line to another without breaking bulk. Also reaches the coal branch 6 miles leases branch to Brazil, 12 miles; total 156 miles. A
fields of Grundy County. The first mortgage (trustees Central Trust consolidation in October, 1885, of three corporations, viz.: tlie EvansCompany and J. W. Butler) provides for $1(5,000,000 bonds, of which ville A Indianapolis, the Evansville Washington & Brazil and the Terre
the balance unissued can be dispose*! of on vote of a majority of the Haute ife Soutlieastern RRs.
Of the consolidated mortgage bonds,
etockholders for extensions, bettennents, etc.
$800,000 are reserved to meet prior liens. The consolidated bonds are
From July 1 to Mar. 31 (9 months> in 1891-92 gross earnings were guaranteed by tlio Evansville i Terre Haute Co.. which owns entirs
$621,391, against $473,882 In 1890-91; net, $221,028, against$150,204. capital stock, $2,000,000, as also $547,000 of the other seciu-itles.
The annual report for 1890-91 was in V. 53. p. 603. showing gross
From July 1, 1891. to Dec. 31, 1891 (6 months), gross earnings were
-earnings, $631,281 ; net, $195,833, against $142,159 in 1889-90. Pres- $197,028, against $177,039 in 1890; net, $9.'), 511, against $70,246.
ident, Samuel Spencer. New York.— (V. 52, p. 350 V. 53, p. 603.)
In year ending June 30, 1891, gross earnings were $328,278; net
Ellzabethtoivn liexlneton dc Big Sandy. Operates from $133,266; deficit under interest Ac, $13,334. In 1889-90 gross $314,Huntington, West Va., to Lexington, Ky., 139 miles, of which from 660; net $130,765; deficit after interest rentals and taxes, $28,582.
(V. 50 p. 107. 525; V. 54, p. 119.)
Ashland to Straits Oeek Junction, 21 miles, and from Huntington to
Big Sandy River, 9 miles, are leased. From February 1, 1886, this road
ETansTlIIe
Terre V.a.ute.—(See 3£ap.) Owns from Eransvllla
was leased for 250 years to the Newport News A Mississippi VaUey to Terre Haute, Ind., 109 miles; Fort Branch to Mt Vernon, 37 milea;
•Company on the basis of the annual net surplus. If any, being paid to Sullivan County coal branch, Farmersburg to New Pittsburg, Ind.,
-this company but on Feb. 16, 1892, this lease was assigned to the 11 miles.
Proprietary Lines- Evansville Belt Railway, 10 miles;
•Chesapeake & Ohio, which now operates the property. Stock, $3, 510,- Evansville A Indianapolis (which see), 144 miles, and leased line,
700 (par $100), of which the Chesapeake & Ohio owns a large portion. 12 miles; Evansville A Richmond Railroad, Elnora to Wostport 102
There are also $489,520 certificates of indebtedness. Sinking fund miles, and ooal spurs 10 miles total operated. 435 miles. Has under
;926.000 yearly, but no bonds drawn. In Jan., 1892, the bonds were construction, Evansville A Richmond, Seymoiu- to Richmond 65 miles.
'U offered an exchange for C. & O. 4>2 per cent. This was ol>Jecte<l to, The Rockville Extension, 23 miles additional, is leased to the Terra
;and In April, 1892. It was proposed that the bondholders rellnquisli- Haute A Logansport and Chicago A E.-vstern Illinois for $12,0<X) yearly
ithali Interest for ten months to July 1, and thereafter scale the interOwns entire stock ef Evansville A Indianapolis, which see.
;
;
;
&
&
;
;
;
—
—
—
&
;
;
54
eINVESTORS' SUPPLEMENT.
[Vol. lit.
.
May,
;
:
EAILROAD STOCKS AND BONDS.
1898.]
,
hh
Subscriber* will confer a great favor by glvlnx Immediate notice of any error dleeovered la these TaMvs,
RAILROADS.
For explanation of column lieadlnitH,
on first page of tables.
4o., see notes
Miles
Date
Size, or
of
of
Par
JEvannvilUct Terre Haule— (Concluded.)
Sullivan (Jountv Coal braiw^li 1st mort., eold.. C
o*
l»t Kcneral niohgaBe for $7,000,000, gold
Kvaiis. & Kich. Ist gen. M., $l'A500 p. ni., gold.o'
Evantnilte Terre 11. <t CAic— l8t M., g.,lnt. (5uar..o"
2d mortgage, gold
o*
30
182
112
49
49
Incomes
:
d Pomhalan—lut
mort. (or $550,000
Second mortgage for $500,000, incomes
fitidlay Ft. Wayne li lfe»(.— l8tM.,g.,$18,000p.m.o*
(K<cA6ury— common stock
Pref. 4 per cent stock, uon-cum
Bonds, $500,000 are 68, due Oct 1, 1897
c
/Bond8,$500,000 yr'ly,'99to 1903 Inol., bal.l908.c'"
iBonds
ibonds to State of Mass. (S^s p. o. int. till Feb., '97)
Bonds
C4r
iBonds
Bonds ($1,500,000 due 1907, Interest A.&0)....
iFarmritte
INTEBE8T OR DIVIDENDS.
Amount
i>cr
When Wbere Payable, and by
Outstanding Rate
Road. Bonds Value.
Cent.
Payaliie
W^om.
44
1890
1892
1891
1870
1872
1881
1888
1889
1890
1,000
1,000
1,000
1,000
1,000
100
100
'74 &'7
'80-'88
1889
1887
1887
1890
84-'87
Bonds
1,000
1,000
5«-
1,1.50,000
1,400,000
775,000
325,000
150,000
320,000
500,000
793,000
7,000,000
10,497,600
1,000,000
ibo
100
625
625
A.
A.
<fc
M.
2k- M.
6
g.
,
M.
6
6
F.
Farm.
do
do
do
do
do
O. N. T.,
A O.
& S.
& N
di J.
&. N
& N.
& A.
* J.
A.
&
O,
Various
5
5
M.
&
S.
Dlvl'ieifd.
& Tr. Co.
1
May
1
1
1
May
I
;
1
I
1,92
1
922
July '2.'>, IU2t
July 1, 1940
». Y., Washington Tr
1
.
Jan. 15, 1801
Ap.'94AOc.'97
Var.'99toiyOS
5,000,000 3>s to 4 F. A A.
41,
2,2.'>0,00O
M. Ii H.
500,000
5
J. A D.
2,.50O,00O
4
Various
500,000
4
J. * D.
391,000
A. dt O.
243,600
3 &6 J. <b J.
377,000
7
J. & J.
1,400,000
5
M. A S.
800,000
6
J. &
100.000
5
3. & D.
3,298,200
219
F. &, A. East Sag., Mich., Treas.
6,342,000
5*7
Sept.
Jan.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N. Y., Kountze Bros.
Boston, Fltcbburg BR.
do
do
193
194
1U3
190
190
Apr. 1
Apr. 1
do
do
do
do
do
Boston, Office.
6&7
4,.500,000
L.
Stockt
M'kt—LunV
May,
"2
7.'50,()OO
1,000
1,000
1,000
1,000
1890
38Hl 1873 100 <&c.
1875
"35 1874
I'obo
1.000
1883
76-'78 500 &0.
c
Boston Barre A Gardner Ist M., $91,300 are 7s..
2d & 3d nuirts., .$18(i,y00 of 3 p.ct-i. arc 2d mort.
Troy ifc Boston 1st mortgage, consolidated
Boston Hoosac Tunuel & Western debentures...
Cheslitre KK. plaiu bonds, .$5.'50,OOO due 1898. .c'
Brookline & rcpperell bonds, guar. i>. & I. (end).
Silnl it fere Marquette— Common stock ($3,500,000)
>Rref. stock, non-cumulative (for $6,500,000)
$450,000
$1,000
Botidt
irf»— I'riiicI
pal,'Will u DiiL
Mch.
Feb.
Sept.
June
1,
1,
1,
1,
189»
1937
189T
1900
1904-5-7
1920
1801
1891
1924
19li
Julyl,D0-'9l
Dec. 1, 1911
June
1,
1,
1,
1,
SOTit. 1,
Apr.
July
July
Feb. 15, 189*
Bonds— Troy * Boston 7 per cent bonds for $1,200,000, due
'EvansvlUe & Terre Haute RB. was formerly the Evansville & Crawfordsvtlle Railroad. It belongs to the Mackoy system, and is operated July 1, 1924, I'efused to come into consolidation agreement, and
in close connection with the Louisville Evant-ville ik 8t. Louis and the In December, 1890, the New York Court of Appeals, sustaining the posifeoria Decatur & Evansville— which see. In 1890 a ten-year tratlic tion of tlie bondholders, held that the Fitehbiirg w.os liable for the prin-contract was made with the Chicago & Eastern Illinois for a tlirougli cipal and full interest of the 'Troy & Boston bonds. The Fitchburg
route between Chicago & Evansville. The Evansville & Richmond Company has acquired a part of this issue of bonds, and now only
bonds are endorsed with an absolute guaranty of principal and iuter- $577,000 are outstanding in the hands of the public. See V. 53, p.
est; general mortgage bonds (.ti2,000,000 authorized) were given in ex- 405. There a/e also lutstanding $18,000 Monadnock Railroad 5 per
change for Eastern and Western Division bonds. See V. 54, p. 36G, cent bonds due July 1, 1897; a 4 per cent mortgage note of the H. T. D.
587, 643. There are also $30,000 Evansville & Chicago Railroad consols, & E. Co. for $500,000 due April 5, 1892. On Jan. 1, 1892, there wera
loans and bills payable amounting to $750,000.
due July 1, 1910.
The Ev. & T. Haute general mortgage covers 182 miles of road owned
Earnings, Etc.—July 1, 1891, to Mar. 31, 1892 (9 months), gross
and $3,000,000 of stock of proprietary roads, having a mileage of 277
earnings were $5,490,621. agst. .$5,355,739 in 1890-91; net, $1,741,203,
omiles. Of the authorized issue .$3,855,000 are held in trust to retir« the
agaiu.st
$1,553,928 interest, taxes and rentals. $1,081,911, against
Srior bonds at maturity, and $1,000,000 were sold to provide for $1,019,536; surplus over charges, .$659,292, against $504,392. V. 54,
ouble-tracklng, new equipment, etc., in preparation for the Chicago
762.
p.
Exposition. Dividends since 1880— In 1881, 412 per cent; in 1884, 5;
Fiscal year ends June 30. The annual report for 1890-91 was la
In 1885,3; in 1886,4; from 1887 to 1890, inclusive, 5 per cent per
V. 53, p. 405.
It states that "the Increase In expendannum; in 1891, 7; in 1892, January, 2; April, 5 per cent in general CiiHONiCLE
itures is principally in conducting transportation. Tlie cost of fuel
mortgage bonds.
for
locomotives
increased
about
in part to the advance in
From Jan. 1 to May 7, 1892 {i\i months), gross earnings (partly estl- price of that received by water $87,000, due
during the winter and in part to the inunatcd) were $413,406, against $390,605 in 1891.
creased
amount
consumed.
increase
in payments for freight
The
large
From July 1, 1891, to Dec. 31, 1891 (6 mouths), gross earnings were car mileage, about
$81,000, was caused by the condition of trattio.
«648,8'.i2, against $581,132 in 1890; net, $331,352, against $277,709
were
not
in
Cars
demand
on
foreign
roads
during
the latter part of the
interest, $116,645, against $101,603; surplus, $214,7o7, against $176,year, and our own cars were idle while we were paying for tlie use of
106 in 1890.
others
that
came
to
us
loaded
with
from
the
W'est. The cost o(
freight
Fiscal year ends June 30. Last report in V. 53, p. 672.
removing snow and ice was $21,000 greater than the previous year."
EARNINGS AND CHARGES.
In the following table the figures for 1887-8 are for the year ending
1890-91. September 30; all others for years ending June 30.
1889-90.
159
161
Total miles operated
INCOME ACCOUNT.
$
S
970,551
Grosseamings
1,102,629
1887-88.
1888-89.
1889-90.
1890-91.
473,457
494.685 Total miles operated
Net earnings
369
369
369
436
m
51,855
44,056
<£
Other income
a
Total gross earnings
5,463,298 5,747,985 6,259,533 6,851,002
Total
525,312
538,741 Op. e-xpenses and taxes.. 4,196,605 4,390,792 4,525,605 5,133,463
;
ffi
Deduct—
Interest on debt
204,300
150,000
.'
Dividends
221,175
165,000
Neteamings
Per ct. of
1,266,693
1,357,193
1,717,537
1,733,928
op. ex. to earns.
71-78
Disbursements —
Rentalspaid
281,280
281,280
271,980
274,980
-(V. 51, p. 51, 908; V. 52, p. 762, 795, 831; V. 53, p. 67*; V. 54, p. 119, Interest on debt
762,806
799,153
869,068
680,388
587, 643.)
Other interest
20,216
58,715
27,875
8,264
Dividends
562,749
261,836
261,835
Evansville Terre Haute Sl Chicago.—Owns from Terre Haute
Junction, Ind., to Danville, 111., 49 miles; leases 6 miles; total operated,
Total disbursements.. 1.282.219 1.071,961 1,341,232 1,727,013
55 miles. It uses G miles of the track of the RockviUe Extension into
deM5,526
285,232
392,696 def. 9,479
Terre Haute; also leases the Indiana Block Coal Road, 15 miles. On Balance, surplus
April 30, 1880, a lea,se to the Chicago & Eastern Illinois was made for — (V. 51, p. 84, 171, 206, 276, 414, 609, 777; V. 52, p. 322, 608, 718,
999 years; terms, $75,000 per anuimi and the assumption by tiie Chi- 795 V. ,53, p. 256, 405, 714 V. 34, p. 243, 762.)
cago & Eastern Illinois of all rentals and taxes paid by Evansville Terre
Haute & Chicago. Majority of the stock is owned by Chicago & Eastern
Flint Sc Pere Marquette.— C See 3fn».>—Owns from Monroe, Mich.*
Illinois, which has endorsed the Urst mortgage bonds with its guaranty to Ludington, Mich., 253 miles; 11 branclios to E.ast Saginaw, Fostoria'
•of interest.
(V. 48, p. 827.)
etc., 133 miles; Port Huron to East Saginaw, 90 miles; Port Huron to
Farmville & Powhatan.— Owns from Bermuda Hundred, Va., Sand Ueach (3 feet), 70 miles; Palm to Port Austin (3 feet), 35 miles;
to Farmville, 89 miles, and branches to Eppes' Falls, etc., 8 miles; total 97 Port Aurou to Altmout (3 feet), 34 miles Zion to Yale (3 feet) 12 miles
6'27 miles, of which 151 are 3 feet gauge.
Common, $500,- total operated,
miles. Complct<'d March 3, 1890. Htock authorized
Sold August 18, 1880, under the consolidated mortgage, and reorgan000; preferred, $500,000; par, $100. From January 1 to March 31,
ized.
In
1889
oon.solid.ited
with certain liranches (see V. 48jk22'2) and
1892 (3 months), gross earnings were $18,729, against $16,055 in 1891;
absorbed Port Humu Sc Northwesteru (sec V. 4s, p. 260). 'The consolinet, $655, against loss of $1,745.
dat<?d mortgage of 1939 is a first mortgiigc on 98 miles of road. 'TrUs
Findlay Fort Wayne & WcNtern.—Owns road completed in tee Central Trust Co. On Jan. 1, 189'i, there were nut-staniiing bills
1892 from Fiudlay, 0., to Grover Hill, 14 miles, and projected from payable for $478,677. In Feliruary, 18!)2. $150.(KK) Port Huroii DiviEvansville west to Fort Wayne, liid., 36 uiiles. Successor to the Ameri- sion 5s were issued, and in May $300,000 tirst consols.
can Midland sold in foreclosure in June, 1890. Trustees of mortgage
Dividends on preferrcil stock since 1H80—Iu 1881, 2iij per cent; In
are Washington Trust Co. of New York and Allen ZuUars of Ft. Wayne.
i882, 6; in 1883 and 1884, 7; in 1885, 5>a; in 1886, 4>s; in 1887. 5».>;
Stock authorized, $18,000 jjcr mile; outstanding $324,000; par $100
In 1888, 7 and 5 extra; in 1889, 6»«; in 1890, 6 per cent; In 1891. Feb.,
2 per cent; Aug., 1H<: In 1892. Feb. 15. 2'e.
Fltcliburs;.—Owns from Boston, Mass., to Fltcbburg, Ma.s8., 50
From Jan. 1 to March 31, 1892 (3 inonths),gros8 earnings were $805,^
miles; Greeulleld to Troy, N. Y. 85 miles; Ver.-nont to Rotterdam Junc- 923, against $767,095 in 1891; net, $231,525, against $188,079; in- t
tion, 61 miles; Boston Barre & Gardner Railroad, Worcester to Win- terest, rcutals. etc., $146,325, against $139,094; surplus, $85,200,
,
Chendon, 36 miles; Sodth Ashburuhani, Mass., to Bellows Falls. Vt., agaiust $48,995.
54 miles; branches, 71 miles; MonaMuock Railroad, 16 miles; total
Annual report (or 1891 in V. 54, p. 798. In the figures below tbe
owned, 372 miles; leases and operates — Vermont ife Massachusetts R;iil- Port Huron DiylsiOB is included only in 1890 and 1891.
road, Fitchburg to Greenbcld, 56 miles; other, 8 miles; total lea,scd,
1890.
1889.
1888.
'IsOl.
64 udles; total Juno 30,1891,436 miles, of which 155 miles double
354,300
171,012
Balance, surplus
386,175
152,566
73-80
(excluding taxes)
;
69-74
;
;
:
'
track.
&.
Boston; and on October
1,
1890,
it
consolidated with the
Clieshire Railroad. The Soutlieru Vermont, 8 miles,
January 1891, for $175,000 of 4 per cent bonds.
Stock— The
Btock.
Stiitc of
was purchased
in
Massachusetts owns $5,000,000 of tbe common
is entitled to 4 per cent dividends, then
The preferred stock
common and
preferred siiarc equally.
ferred stock lias l)ecn retired.
Dividends on preferred stock
2; in 1889, nil; in 1890, July,
Jan., 2 per cent.
The Troy
Si
Boston issue of pre-
have been: In 1872, 2 per cent; In 1888,
2 per cent; In 1891, 314 per cent; In 1892,
Ket earnings
—
Deiluct
Interest on debt
Dividends
2,370,133
3,900,624
2,039.411
1,623,'297
2,923,575
2,042,409
756,650
746,836
881,166
861,212
332,939
449.470
558,104
366,421
380,520 (5p.o.)317,100
581,771
253,680
Okoanization— In 1887 the Fitchburg RR. Co. consolidated with the Total gross earnings. 2,403,074
& OreenHeld and the Hoosac Tunuel railroads and purchased the Oper'ngexp.& taxes. 1,646,424
Troy
Troy
(4)
875,204
746,941
835,451
Total dlsbursem'nts 782,409
def. 105
sur. 5,963
25,761
Bal. for the year. ... df. 25,759
-(V. 50, p. 421,.560. 621.662, 833; V. 51, p. 31, 240,494,569; V. 52
V.
828,
367,
447,
54, p.
7B8J
r. 350, 428, 760; V. 63. p. 968;
—
46
INVESTORS'
\_iv.
SUPPLEMENT.
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te
\J>u Quoin
Bardstown
Jc.p^
Bloomf leld
».ClieHter
o»^
Eldorado^
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,
Ca?bo3aal<L
c^..,
-\l
J®^<i^^^ \^ *^^
.^^~>w«B'
Oi^^ ^
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rcioverport
"'^'
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i
Breckenridge
° Breckei
SprLngfleld
Cecilia
>
r^/i
"^i.,
own^
''it,
Uauville
Ueba»'
1
Jo.
Sanbom
CaneyvUJA
'-OMariofi\
^
YNortonviUe
KIRO
IftuufordsV.,
^ntral City \
xl
Jc
KuJ
Princeton
BowUnjt QreeiO
BPOTitJ
K
(a
Columbu
Oreeiubuag
\Mainmotb Cave
^laBifow Jc.
'
«\
Glaagow
'Kuaaellvl le
'^?5n
».
l^larktvifl
Klrei
MASHVILLE
('Mo Kenaie
pDrenknrg\
r
v^^fflUlaa
HumbcOdt),
^^
EVANSVILLE
'Rlplej
EVANSVILLE
OoioaU
EVANSVILLE
'TItiton
R.
R.
EVANSVILLE BELT RAILWAY.
PEORIA, DECATUR & EVANSVILLE RY.
.
bMcNaliT,
Louisville,
«EM PHIS'
MAP OF THB
& TERRE HAUTE R.
& INDIANAPOLIS R.
& RICHMOND R. R.
Evansville
&
St. Louis
ConsoKdated.
X
I
May,
1898. J
KAIUiOAD STOCKS AND BONDS.
57
;
S8
INVESTORS''
SUPPLEMEKT.
greM favor by glTlng Immediate
Sabscriber* vrlU eoafer
[Vol. lit.
notice of anj' error discovered In these Tables.
Bnnd« — Prlnol*-
LNTERE8T OR DIVIDENDS.
„,,
^ ^ Size, or
Miles Date
Amount
of
Par
exphiuatiuu of uoluiuu lieadiu^^g, &o., see notes
of
?*« ^lien WIi^'p Povable^aBd
Outstandln<r^»'«
outstanding
»nom.
ou tirst imge of tables.
Road.] Bouds Value.
p^^f Payable
RAILROADS.
I
For
<t Pere Marquette.— ( Cotieluded.)
Holly Wiiyni! & Mimroc l»t M. sink, fund, eiid..o
Flint & I'erc Marq'tte inortKajfe Os of 1920, gold.o.
Flinl
Consol. M.,(for *10,00(),o00j
Port Hill on
M.on
i^'.;0,00() p.
& Northwestern— 1st
m., g.o*
mortgage
Huron
Div..for $3,.')00,000,gold.o*
Equlpni't bouds, iHO,000 due annually Nov. l.c*
Florida Centrut <t 2'fM.— 1st M. gold, $r),'240 p. m.c*
let M. land grant ext. niort., gold, $.5,226 per inlle.
Fonda Johiistoun <£• OfouecxriWe— lstM.,8.f.,notdn.c*
Cons. M. for .f .'jOO,000 (ifSOO.OOO res'd for Ist M.)o
Fort H'ai/Hc <£ Jiicksou Conimou stock
Pref stock (8 p. c), 5^2 p. e. rental Lake Shore.
Fort Worth A Dems. City—lnt M.,g., $18,000 p. m.c*
Pun Handle KE. Ist mortgage
Ist M., gold, $20,000 p. m.c*
Fori north d- Itio
ealrealon Uarrisb. it S. Antonio— l»t M.,g.,land gr.c*
2d mortgage, Harrlsb. and Houston to San Aut.c'
West. Div. lstM.,g.,8anA.toElPaso,636 m.&br.c
1st
Port.
—
Oc—
c*
2d mortgage (see remarks)
Houston llend. of 1882— Ist M., guar, .c
Georgia Carolina d- Northern— IstM., gold, guar.c*
eeorgia Co.—Tr'8tb'ds,a.f.,dr.at 110aft.July,92,g.c*
eeorgia Midland d- aulf—lnt M., g. ($15,000 p.m.)c*
Georgia Paci/fc— Ist mort., $10,000 p. rc., int. guar.
Con. 2d M. ($9,000 per mile) gold, interest guar.c*
Con. 2d income, uoncimi.($9,000p. m.), gold, .c&r
Oalresloii
pal,Wtien Due-
\
tC-
Equip, mort., guar. R. & D., g., s. t., subj. to call.
Equip, M,, g., p. & i. gua. R.&D., subject to call..c*
1871 $1,000
1880
1,000
1889
1,000
1879
1889
1,600
1887
1,000
1888
1,000
1890
1,000
1870 100 &c,
1881 100 &c.
100
100
1881
1,000
65
285
384
218
241
575
54
10
26
98
98
454
15
145
1888
71-'80
225
671
671
50
268
1880
1881
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1881
1883
1889
1887
1886
1882
1888 500 <fcc
1888 500 &0
1,000
1889
1891
1,000
"99
566
566
566
Florida Central Sc Peninsula,— Owns Jacksonville to CUatta
hoochee, 209 miles; Tallahassee to St. Marks, 21 miles; Fernandiua to
Tampa, 241 miles; Waldo to Cedar Keys, 72 miles; Wildwood to Orlando, 53 miles Hart's Koad to Jacksonville, 25 miles; Jiicksouvillo
Belt Line Railroad, 3 miles; other, 6 miles; total, 629 miles. Also has
operated since Jan. 1, 1892, under agreement, separately, the East
Florida A Atlantic RE., Orlando to Oviedo, 16 miles.
The Florida Railway A Navigation Railroad in 1888 was sold
and the present company organized. The common stock is
$20,000,000, par $100 1st preferred, 5 per cent cumulative, $1,582,000; 2d preferred, 5 per cent non-curamative, $4,500,000; car trusts
Augiist 27, 1891, 6s, $189,000 due in five years. The plan of reorganizatiou was in V. 46, p. 289. Trustee of first mortgage of 1888, Central
Trust Company, of New York, [n 1891 the Tavares Orland A Gulf
RE. was absorbed, and tlie new extension bonds were issued thereon.
From July 1, 1891, to March 31, 1891 (9 mouths), gross earnings were
$1,255,012, agst. .+991,498 in 1890 91; net. $439,669, agst. $244,543.
In year ending June 30, 1891, gioss earnings on 577 miles were $1,341,878; net, $270,210; interest, $155,726; surplus, $114,484. In
1889-90 gross, $1,171,370; smplus over charges, $34,504. (V. 49,
;
;
$1,000,000
3,999,000
1,800,000
104.000
3,125,000
240,000
3,000,000
285,000
300,000
200,000
436.132
2,291,416
7,963,000
225,000
2,888,000
4,756,000
1,000,000
13,418,000
6,354,000
2,000,000
5,360,000
• 4,000,000
1,494,000
5,060,000
5,002,338
5,042,338
1,273,000
NU Mch. '92
&
&
&
A. &
A. &
M. &
J. &
J. &
J.
6
A. &
2% M &
A
"»•
5
&
A
5g.
6g. K. &
7
*
5g. M &
&
6
8
J.
1
N.
.1.
A.
D.
N.
J.
.1.
6g.
J.
&
A,
*.
,1.
J.
0.
.1.
J.
J.
J.
& 0.
A 0.
A A.
M AN.
A.
A.
K.
do
A'(ocA-«— Last
Dividend.
Jan.
Oct.
May
Oct.
Apr.
Jan.
July
Apr.
Boston.
JiUy
N. Y., H.B.HoUins A Co. JiUy
N.Y.,8o.Pac.Co., ABost. Feb.
do
do
June
N.Y.,So.Pac.Co.,23 B'rd May
July
N. Y., Mercantile Tr. Co. Apr.
N. Y.,Merc.Tr.Co.A Bait JiUy
N. Y., 4tli Nat. Bank.
July
N. Y., Central Trust Co. July
N. Y., 4tli Nat. Bank,
Jan.
do
do
Oct.
do
do
do
do
do
do
1901
1920
1939
1,
1,
1,
1,
1,
1899'
1939
Nov.l ,'92to'97
July 1, 191»
N.Y.,Farm.L. ATr.Co, MCli.
N. Y., Union Tr. A Bost. Dec.
S.
.1.
*,
&.
do
Y., St. Nich. Nat. Bk.
do
.7.
5 g.
g.
J N.
3.
5g.
5g.
9g.
6g-
do
J,
O,
I).
A.
do
do
O. N.Y., Ist National Bank
O, N. Y., Mer. Ex. Nat. Bk.
N, Boston, Intern'l Tr. Co.
J, N. Y., Am. Exch. Bank.
.7.
.1.
6
5
ao
do
.7.
5
Oct.
Aug.
1,
1,
1,
1930
1900
2,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1892:
1921;
1921
1929
192»
1910
1905
1931
1931
1913
1929-
1,
1937
1,
1,
1,
1,
1,
192»
1922
192a
1924
190S
May,'92- 190»
Georg:ia Carolina Ac Northern.^Owns road in operation fron>
Monroe, N. C, to Atlanta (luman Park), Ga., 266 miles; completed
to Atlanta in April, 1892.
The line is part of the " Seaboard "^
system, and the bonds are guaranteed (by indorsement on eaob
bond) by the Seaboard A Roanoke and Raleigh A Oaston railroad
companies. Tliey cannot be redeemed before maturity. The Mercantile Trust A Safe Deposit Company of Baltimore is trii-stee of the mortgage see abstract of same in Vt 49, p. 239. Stock authorized, $1,000,T
outstanding but not paid in, $491,933; par, $100. From Jan.
1 to Feb. 29, 1892, gross earnings were $26,218, against $23,908 in
1891. R. F. Hoke, Athens, Ga., President of the company. (V. 50, p.
^
138,313,451.)
;
;
Georgia Compaiiy.— This
the Georgia Central Railroad
owns $4,000,000,
company was formed in 1887 to control
A Banking Company, of whose stock It
pledged to secure its trust bonds. Its o^vn stock
owned by Richuiond A West Point Terminal, and
all
is all
of $12,000,000
deposited as part security for that company's collateral trust of 1889;
Richmond A west Point Terminal also owns $3,447,000 of the Georgia
Company's collateral trust bonds.
Georgia midland
p. 300.)
O.
M.
cSt
N. Y.. Mer. Ex. Nat. Bk.
J.
A.
by
ic
Gulf.—Owns from Columbus,
Fonda Jobnslo^vn &
Ga., to
McDon-
GloversvIIIe.— Owns from Fonda, N. Y., ough, 99 miles. Completed in September, 1887. Operates Columbus
The stock is $300,000; par, $100. In year Southern, Columbus to .Klbany, Qa., 88 miles. Incomes, 6 per cent
to Northvillc. 26 miles.
ending June 30, 1891, gross earnings, $228,!>93; net, $86,852; surplus non-cumulative, $105,000. Stock authorized, $2,000,000; outstanding, $1,245,000; par. $100. Car trusts, ,$53,900; due $818 monthly.
over charges and 10 per cent dividend, .$25,318. V. 53, p. 641.
In year ending June 30, 1891, gro.ss earnings were $212,222; net
Fort Wayne &. Jackson.— Owns from Jackson, Mich., to Fort over expenses and taxes, $76,434; interest, $89,460; taxes, $13,026 ;
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to deficit, $19,272. New York oflice, 7 Nassau Street.
Lake Shore A Michigan Southern at a rental of $126,027, equal to 513
Georgia Pacific.— f See Map of Richmond <t West Point Terminal.)
per cent on the preten'ed stock, and alter 1887 any net earnings over 8
per cent on prcieiTcd stock to be paid as dividends on common stock, Atlanta, Ga., to Greenville, Miss., 458 miles; Woodlawn to Bessemer,
Ala.,
19 miles: small branches, 18 miles; Deer Creek branch (three-feet
tut not exceeding 2 per cent a year.
gauge), 22 miles; other lines, 48 miles; total, 566 miles. In Nov., 1888,
Fort Wortli Sc Xteiwer ClXy.—( See Map Vnxon Paclfle Denver d leased to the Richmond A Danville for 20 years from January 1, 1889,
Gutfi-Owiis from near Fort Wortli, Texas, to Texas State line, 454 (with privilege of renewal), the rental to be net earnings, and the Eichmiles, and operates Pan Handle EE., 15 miles. The Union l"ac. Denver mond A Danville agreeing to make up any deficiency fn these to meet
A Gulf owns $7,766,000 of this conii)auy's $9,375,000 stock; par $100. fixed charges, all such advances, however, to be a preferred charge
See abstract of mortgage, V. 45, p. 440 (trustee, Mercantile Tr. Co. of New next ahead of the income bonds (see V. 47, p. 744).
In March, 1892. security holders were Invited to take part in the
Y'ork.) There arc $160,000 equipment bonds. Last annual report was
In V. 52, p. 237. In March, 1891, $500,000 new bouds were authorized Richmond Terminal reorganization. See the Terminal Co. and V. 54,.
by the Fort Worth A Denver Terminal Company. The stock of the Pan p. 887.
Ou June 1, 1891, leased the Central Railroad of Georgia (which see),
Handle RE. is owned, and its bonds (except $7,000) are held by the
guaranteeing 7 per cent ou stock, but the legality of the lease was contrustee of the U. P. Denver A Gulf consol. mortgage.
In year ending December 31, 1891, gross earnings were $2,014,720; tested and the Central placed in receivers' hands.
DiMluct fixed charges, $497,030; balance, $95,916.
Stock is $8,555,000 (par $100), and $4,378,432 of it is held by the
net, $592,946.
In 1890, gross, $2,044,562 net, $795,359. (V. 49, p. 720, 788 V. 50, Richmond A West Point Term. Co., which owns also $1,397,621 income
58 of 1888, and has deposited them, as well as the stock, as security for
p. 1 73 V. 51, p. 875: V. 52. p 237. 428.)
its collateral trust of 1889. The second consolidated mortgage (trustee.
Fort Worth ic Klo Grandr.— In operation Fort Worth, Tex., to Central Trust Company) secures $5,400,000 second mortgage lioiids,
Brownwood, ahout 145 miles; completed in August, 1891. The line and also, subject to these, $5,400,000 second mortgage non-cumulative
is further projected to iron fields in Llano County. See V. 52, p. 81,
incomes, botli Issued at $9,000 per mile. The equipment mortgage
L42. Mortgage trustee is Central Trust Company, New Y'ork. Stock bonds of 1889 and 1891 are payable by a sinking fund and are guarauttiorized, $3,500.000 outstanding, $2,118,000; par, $100.
auteed as to principal and interest by endorseiuent on the bonds by
From January 1 to Nov. 30, 1891 (11 months). gross earnings were Richmond A Danville. There are car trusts, payable at the Atlantie
$296,653, against $168,398 in 1891; net. $112,500, against $56,325.
Trust Company, New Y'ork City, for which provision is made under
In 1890, road being under construction, gross earnings were $194, the equipment mortgage; also $109,000 2d mortgage Incomes du&
638; net,$yi,238; fixed charges, $89,203; .surplus, $2,035. In 1891 gross October, 1923.
partly estimated, $329,485— (V. 51, p. C69, 680; V. 52, p. 81, 351, 642.)
In year ending June 30, 1891, gross earnings were $1,889,315;
operating expenses, $1,902,132; deficit,
charges, $867,580;
Galveston Harrlsburs dc San Antoulo.— (See Map of Southern improvements and betterment, $426,992; $12,816;
extraordinary expenditurea.
faeiflc. )—0\.Tin from Houston, Tex., to San Antonio, Tex., 217 miles; for repairs chargeable to previous years, $202,141; tot<al deficit, $1,LaGrange Extension, 28 miles; branch, 8 miles; leases 12 miles; total, 509,531, In 1888-89 gross. $1,330,698: net. «147,244. (V. 49, p. 235;
266 miles. Western Extension, San Antonio to Eio Grande River, 636 V. 52, p. 462, 862; V. 53, p. 880.)
miles; Eagle Pass Branch, 35 miles. Grand total, 937 miles.
Georgia Railroad dc Banking Company.— Owns from
Operated by the Southern Pacific Company, which owns all but $580.812 of the $27,093,013 stock (par, $100). As to suit against the com- Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
and
Athens, 58 miles; Macon A Augusta Railroad (projirietary road),.
$600,0CK),
seeV.
800.
54, p.
pany for
The first mortgage covers 256 miles of old road and 1,076,331 acres of Camack, Ga., to Macon, Ga., 74 miles; trackage, 4 miles; total, 30T
miles.
Owns also one-half the stock of the Western Railway of AlaIt
has
sinking
a
fund of 1 per cent, but
land valued at about $1,467,000.
The bama (the Central Railroad of Georgia owning the other half), and ha»
it is optional with Ijondliolders to sun-ender their bonds if drawn.
one-fifth
interest iu the Port Royal A Aiigusta and a thirty-five onea
mortgage
6s are held by the Southei-n Pacific
Western Division second
interest in the Atlanta A West P. (See those companies.)
Company and by large holders of Southern Pftclflc securities, who agiced hundredths
This
company,
besides the railroad property inillcated above, has a
not to collect interest after July 1, 1889, unless it should l>e currently
earned. The fixed interest charge is thus reduced annually by $381,- banking department. In April, 1881, it leased its own railroad (30T
miles)
and
its
interest
in the other railroad companies for 99 years to240. There is also $101,719 Texas school debt outstanding. Floating
W. M. Wadley and associates, for the Central of Georgia and the Louisfloating assets, $609,094.
liabilities Jan. 1, 1892, $2,680,701
ville
Nashville
railroads,
A
at $600,000 per year.
From January 1 to March 31, 1892 (3 mouths), gioas earnings were
Dividends since 1880— In 1881, 9^2 per cent; in 1882, IOI4; from
$1,032,697, against $992,202 in 1891; net, $194,264, against $140,to
in
1883
1887,
10;
1888,10%;
from 1889 to Jan.. 1892, both in816 in 1891. In 1891 gi'oss earnings were $4,517,589; net, $1,247,369;
suriilus over fixed charges, $94,683. In 1890 gross, $4,285,678; net, clusive, at rate of 11 per cent per annum (2% per cent quarterly). In
year
ending
March
31,
company's
1891,
income was: From rental,
$917,945; deficit under charges, $214,736.— (V. 54, p. 800).
etc., $600,082; dividend (No. 5) from bank, $50,000; total, $650,082;
Galveston Houston ic Henderson of 1882.— Owns from Gal- deduct Interest, etc., $177,031 dividends paid (1 1 per cent), $402,000
veston, Texas, to Houston, Texas, 50 miles. The road was sold in fore- balance, $11,050. Net earnings of bank for year were $(i(i,429 and
closure December 1, 1871, and again August 1, 1882. Control is total bank surplus March 31, 1891, after payment of $50,000 dividend
vested iu the Mo.Kau. A Tex. Leased for 99 years to the International was $195,319.
From July 1, 1891, to March 31, 1892 (9 months), gross earnings of
A Great Northern and bonds guaranteed by that company. Stock,
net,
$1,000,000; par, $100. In year ending Oct. 1, 1890, gross earnings the railroads were $1,275,806, against $1,522,245 in 1890-91
In
1888-89
gi-oss
net,
$69,116.
$381,922
against $548,1 19. In year 1890-91, gross earnings $l,891,r
net,
8,457
$283,996,
$41
$30,489.
were
In calendar year 1888 gross, $372,699; net, $28,554; rental of track, 692 net, $058,475 other income. $60,61 9. Deficit to lessees on lease
total net income, $168,010 interest, Ac, $106,063 surplus, was in 1888-9, $21,066; in 1889-90, $33,959. Profit iu 1890-91 wa*
ffil 39,455
$118,679. Due lessees June 30, 1891, $600,976.— (V. 53, p. 289.)
$61,947.
—
;
;
;
;
;
;
;
;
;
;
;
;
;
;
c
:
;
.
RAILROAD STOCKS AND BONDa
Mat,
Sabscrlbera
ivlll
confer a ereat favor by irtvInK Immediate notice of any error discovered In these Tableii.
RAILBOADS.
&c., see notes
For explanation of column lieodlngH,
on flrat page of tables.
Oeorgia Railroad it Banking Co.— Stock
Biiuds, not mort. (ifHOO.OOO mature In 1922).o**r
r
Bon<l8, not niort^a^ro
Seorgia Soulhern if Florida.— Stooik
*c
l8t niortpiKc (•fl 3,0<)0 p.m.), goW
Grand Rapiux
d- /(ii/i«Ha— fitock
iBt M., liuid Kiiint. g., 8. f. (guar,
l8tM.,);.,(.'f.'5(l.''),00(lwiMC
Miles
Date
Size, or
of
of
Par
land grant s.f.not drn).0'
RR
1,
o*
1894.
o*r
Mackinaw loan
&
Ind. RR. Ist M., gold.traf. guor.o*
€reat Norlhern Stock, prof, (no com. stock Issued)
Tr.
CoUat.
raort., red. at 100 after 8ept.,'93,goId.
St. Paul Minn. A Man.—Stock (rental p. c. In gold)
St. P. & Pac. ( 1 St on St. Paul to Watab)
St. P. Mln. &Man. Ist M.l.gr.,8.f.,g.,dr'n at 105.0*
c*
2d mortgage, gold (does not cover lauds)
Dakota Extousion 1st mort. ($12,000 p.ra.),gold
$100
307
....
77&80
1,000
1,000
1887
100
285
1887
1,000
335
335
335
367
367
1869
1869
1891
1884
1884
1,000
1,000
1,000
1,000
1,000
1886
1,000
1892
1,000
100
37
—
100
76
656
656
473
gold
cAr 2,450
Consol, mort. (.f 13,311,000
Montana Exten. IstM. (.f25,()00p. m.),gold.o**r 411
513
Pacitlc Extension M. for £6,000,000, gold..o*Ar
Minncap. Un.RK.l«tM..gold,gu.($.^i,50,0O0are Ss)
East of Minn. 1st M. (iff.'iO.ooo p. m.), g.,gu..c**r
70
Montana Con. Ist M.,g. ($0,000,000 are (iB)gu.cAr 261
c
219
0reen nay Winona <t St. I'aul 1st mortgage
Funded coujion bonds
—
r
219
1862
1879
1879
1880
1883
1887
1890
1882
1888
1887
1881
1886
1881
1,000
100 Ac.
1,000
1,000
1,000
1,000*0
£100 <&o
$1,000
1,000*0
1,000&C
1,000
500
1,000
Georela SoutUern A. Plorlda.—Owus fi-om Macon, Ga.,
to Palatka, Fla.,285 miles, and operates the Macon & Birmlugham
(wUlch see), 95 miles. Completed in January, 1890. Built by the Maeon
Construction Company. In 1891 Mr. Willis F. Sparks, President of this
company, was appointed its receiver, and also receiver of tlxe Macon
Construction Company. Tlio July, 1891, coupons were paid in Nov.,
1891. (Sec V. 52, p. 796; V. 53, p. 95.) Trustee of mortgage is the
MercantilcTr.&IJepositCo.of Baltimore Stock is$4,275,000; par,$100.
From July 1, 18itl, to Mar. 31, 1892 (9 months), gross earnings were
$590,654, against $597,105 in 1890-91; net, $'-'06,279, against $17it,049.
In the year ending June 30, 1891, gross earnings were $773,8I>3; net
over expenses and taxes, $'240,501 surplus above cliarges, $38,129.
—(V. 51, p. 009; V. 52, p. 350, 427, 795 V. 53, p. 95, 289.
Indiana.— ^ See Jfa» of Pennsylvania RR.)—
Grand Raplda
Owns from Fort Wajnie, Ind., to Mackinaw City. 367 miles; Manistee
Branch, 25; other lirauches, 40 uiiles; total owned. 432 miles leases,
and operates Cincinnati Richmond & Fort Wayne RR., 86 miles Traverse City BR., 26 miles; Muskctton Grand Rapids A Indi.ina RR., 37
miles- 149 miles. Total, 581 miles.
The Grand Rapids & Indiana Rai Iroad is operated in the Interest of the
Pennsylvania Railroad Company, which holds the right to vote a
mtOority of the stock until July 1, 1941. Of the original $5,375,000
Ist mortgage 78 .$3,934,000 were guarauteed by that company and
$4,439,000 were land grant bonds.
In 1891 the company agreed to extend all its 7 per cent first mort.
bouds at 4^2 per cent for flity years from July 1. The extended bonds
areeudorscd with the guaranty of the Pennsylvania Railroad Company
to purchase tiie coupons as they mature, and the bond itself at maturity.
If not paid by the Grand Rapids company.
The extended bonds will
have no lien cui the lan<l grant.
Tlu' Muskegon Grand Rapids A Indiana bonds have a traffic guarantee
applicable to their interest payment. Pennsylvania RR. owns all the 2d
mortgage bonds except .$300,000 lield as collateral for the Mackinaw
loan. Of the 5 per cents outstanding tlic company itself on .lanuary 1,
1892. held $910,000. There is a real estate mortgage for ,$48,250.
The company has a land grant and sold in I"91 21,422 acres for
and certain timber riglits for $161,500. Tlie lands unsold on
? 191,094,
annary 1, 1892, were 308,422 acres. The assets $1,229,771 bills
receivable, etc., and $779,799 cash.
From January 1 to Mar. 31, 1892 (3 months), gross earnings of the
whole system were $750,027, against $693,223 in 1891; net, $199,144,
against $191,775: the rentals and niiscellaneous " in 1891 including
$148,140 for l)cttcrments and $29,3 2 for extending bonds. In the year
1891 the Pennsylvania RR. Co. imder its guaranty of the tlrst mortgage
bonds piiichased $275,380 of the coupons thereon. See V. 54, p. 408.
Report for 1891 was In Chronicle of May 28, showing results as
;
;
&
;
;
,
follows
EARNINGS AND EXPENSES.
Miles operated.
1888.
1889.
1890.
409
408
428
1891.
432
Gross income
$2,232,788 $2,291,166 $2,602,415 $2,400,414
Net over exp'sdc taxes $704,191
$7(56,714
$8.59,382
$694,788
Interest on bonds
$737,425
$751,929
$719,428
$739,700
Int on floating debt..
47,443
58,630
52,186
54,553
Rentals and mlscel...
30,760
208,431
17,138
3,168
$784,009
$795,146
$829,090
$1,012,546
Balance
def.$79,817 det.$28,4.33 8nr.$30,292 df.$317,758
—(V. 50, p. 799! V. 52, p. 426, 898; V. 54, p. 276)
Great Northern.— CSe« ifnp.;— Operates under lease the St. Paul
Minneapolis & Manitoba Railroad, operating 2,808 miles of road. Also
owns the entire stock of the following lines, but keeps their earnings
separate, their income appearing in tlie statement of earnings below
only as revenue from stocks and bonds owned or as otlier receipts;
The Willmar A Sioux Falls, Willmar, Minn., to Sioux Falls, Dak., 147
miles; the Duluth Watertown & Pacillc, Watertown, Dak., to Huron,
Dak., 70 miles; the Minneapolis Union, 2'3 miles; tiio Eastern of Minueeota, 72 miles; tlie Montana Central, (Jreat Falls, Mon., to Butte, Mon.,
261 miles, including branches; total, 567 miles. Otiier lines have since
been completed and acquired, making the grand total operated March
1, 1892, 3,(W2 miles.
Extension to Pacitlc Coast, 780 miles, is In progress, and in June,
1892, had been completed to Spokane, Washington.
Organizatiiin, Lkasks, Etc.— This corporation in February, 1890,
leased the St. Paul Minneapolis A M;initol>a for 999 years, assuming its
funded debt and guaranteeing 6 per cent per annum in gold on its $20,000,000 stock. The Gn;at Northern's autiiorized capital is $ 10,000,000,
of which $20,000,000 is prefeiTcd 6 i>cr cent non-cumulative, and this
only Is at present outstanding. The Manitol)a stockholders were oIfere<l
the privilege of taking it at 50, the remaining 50 i>or cent lieiug paid i>y
a transfer to tlie Great Nortliern of all tlie securities owned l>y tlie Manitoba (.'ompany, anuiunting to over $22,0O0,<XK>. The securities acfpiired
by the Great Northern have been placoil In trust to secure the unity of
the system. (See V. 49, p. 435 V. .'iO, p. 205.) No increase of tlie preferred stock can lie made without tlie consent of the holders of tlireoTotal
$4,200,000
2^
2,300,000
6
200,000
5
4,275,000
3,420,000
'eg.
4,980,081
I 4,096,000
7 g.
\
1,279,000
4>«g.
3,000,000
e
4,625,000
5
275,000
6
750,000
5g.
20,000,000
15,000,000
4g.
20,000,000
l>«g.
306.000
7
3,104,900
8,000,000
5,676,000
28,504,000 4>a & Sg.
7.616,000
«3,000,000
4 g.
$2,700,000 5 A 6 g.
4,700,000
5 g.
8,000,000 5*6g.
1,600,000
e
280,8.30
6
3,781,000
8
m
100
arc 6s),
2d mortgage income bonds, non-cumulative
INTEREST OR DIVIDENDS.
Botirfj— Prino'
Amount Rate per When Wbere Payable, and by
Rood. Bonds Value. Out«tandlDg
whom.
Ceni Payable
o*
by Pa. RR.)..o*
Ist mort., exttndril. gold, guar, bv Pa.
2nd uiortgagp, redeem, iit lo.'i till Aug.
General mortgage for $13,000,000
Musk. G. R.
S9
J.
J.
A.
J.
H.
H.
&
&
&
A
&
&
&
N.
Jk
B.
IMvldend.
N.Y.,Am.Ex.B-k&Aug. Apr.lS, 1892
Q.-J.
J.
J.
pal.When Due
aioek»—ljmt
do
do
J.
J.
do
do
J.
Macon, Ga.,
J.
N. Y., Wlnslow, L.
do
do
do
do
O.
J.
'97,1910,1923
Jan. 1, 1922
Co.'aofflce.
A Co,
July
1,
Oct.
1,
1.
1,
1,
1,
Oct
do
do
do
do
July
Nov.
Sept.
A J. N. T.,Winslow,L.4Co,
Q.-F. IN. Y. Office, 40 Wall St.
M. & 8.
do
do
do
Q.— F.
do
do
J. & J.
do
J. & J. 'New York and London.
do
do
A. A O.
M. & N. New York, 40 WaU St.
do
do
J. A J.
do
do
A D.
IN.Y.A
Lon.,
Bros
Baring
A J.
A J. New York, 40 Wall St.
N.Y.40Wall;
Bos.,L«-c,H
A O.
A J. New York. 40 Wall St.
A A. Coups. Feb.,'89, bought.
F. A A. Coups.of Aug., '89, b'glit
None ever paid.
M. A N.
J.
I
I
July
Hay
1,
2,
Sept
1.
May
2,
1,
1,
1,
1,
July
July
Oct
Nov.
July
June
1,
1,
July
JiUy
Apr.
July
1,
1,
1,
1,
1,
1,
1,
Feb.
Aug.
May
1927
18M
1899
1941
1899
1924
1926
1802
1902
1892
1893
1909
1009
1910
1933
1937
1940
1923
1908
1937
1911
1906
1911
The land s'ales for year ending Juno 30, 1891, were 110,951 acres, for
$814,092, and 256 town lots, for $14,926. The net amount due on land
contracts June 30, 1891, was $1,222,7*20; lands unsold, 1,636,656 acre*.
November,
Stocks.- Dividends on Great Northern preferred stock
1890, 1 per cent: In 1891, 4«4: In 1892, February, lU; May-, II4.
Price of preferred stock— In 1890, 60a8C; In 1891, 7'2®124>9; Jn
1892 to May '20 inclusive, 119ail42.
Dividends on Manitoba stock since 1880: In 1881, 3 percent; In 1882,
per cent yearly.
9; In 1883, 8; In 1884, 7'a; In 1885 and since,
Bonds.— In 1892 the Groat Northern issued its collateral trust bonds
for $15,000,000, secured by deposit with the trustee of *3,0O0,0OOPaclflo
Extension 4s of the St. Paul Slinu. & Manitoba Ry. Coi Any or all of
these bonds are subject to call for redemption at par and interest at
any time after Sept. 1, 1893, upon three months' notice. They were
taken by the Great Northern stockholders at 72i8, payable In five
equal Instalments, May 11, July 1, Sept. 1, Nov. 1 and Dea. 21, 1892.
See further particulars in V. 54, p. 525.
Tiie St. Paul Mimieapolis & Manitoba 1st mortgage 7s. which are
being rapidly redeemed with land sales, are offered till Jan. 1, 1893,
the privilege of exchange for consolidated mortgage 4ia per cents, dollar for dollar, a premium of 5 per cent In cash to be paid on bouds exchanged. The consolidated bonds are not subject to call before maturity. (V. 54, p. 548, 684.)
The St. Paul Miu. & Man. consol. mort. of 1883 Is for $50,000,000, of
which $1 9,426,000 were reserved to pay prior liens. The mortgage on
the Montana Extension is for $25,000,000, to provide for exteuHlons,
$15,000 per mile being allowed for second track. See abstract of mortgage in V. 45, i>. 342; Central Trust Company of New York, trustee.
•The mortgage, for *0,OOO,O(K) on the Pacitlc extension (trustee of mortgage Central Trust Company of New York), provides for bonds at
i6,000 per mile in Montana and £7,000 per mile west of Montana
£3,000,000 of tills issue are pledged to secure the Great Northern's
collateral trust bunds. See abstract of mortgage, V. 52, p. 82.
The Eastern Railway of Minnesota runs from Hinckley northward
70 miles, to a point near Diilutii the mortgiige covers e<)Ulpment,
terminals and elevators. The Montana Central bonds were issued on
several roads (V. 46, p. 125). The Manitolia guarantees botli these
Issues, principal and interest, and the Great Northern assumes tbe
guaranty.
Earnings.- From July 1, 1891, to April 30, 1892 (10 months), gross
earnings of the St. Paul Minneapolis A Manitoba on 3,350 miles were
$11,252,748 against $8,962,230 on 3,024 mUes In 1890-91. For the
same period gross earnings of the total Great Northern system on
3,6»)2 miles were $13,324,096, against $10,599,644 on 3,288 miles in
1890-91.
Fiscal year ends June 30. l^e annual report was published in tbe
Chronicle, V. 53. p. 792, 797.
The following table shows earnings of the lines leased from St Paul
Minneapolis A Manitoba Company, and the Great Northern Income
account for 1890-91:
1889-90.
1830-91.
1887-88.
1888-89.
:
;
Earnings
Passenger
—
$
$
s
1,869,865
6,075,637
641,064
1,774,.568
Mail, exp., r'nt8,Ao.
1,823,262
7,277,333
461,310
Tot. gross earns.
9,561,905
8,586,566
9,374,000
10,281,714
Malnt. of way, &o.
Maint. of cars
1,445,869
497,766
1,133,372
424,426
Motive power
Transportation
General
1,757,198
1,530,'231
776,506
487,517
1,478,640
998,159
457,073
263,921
1,197,413
1,243,001
513,670
1,628,645
1,302,052
5,419,986
4,141,919
56-68
5,000,066
3,586,499
58'23
Freight
6,915,167
684,265
1,876,960
7,628,011
776,743
Eipenses-
Taxes
Total
Neteamlngs
P.c.of e.xp. to earns.
466,033
248,591
1,'242,490
531,6'20
274,351
476,587
299,651
4,791,124
4,582,876
51-11
5,463,606
4,818,108
53-14
GREAT NORTHERN RAILROAD INCOHB ACCOUNT 1890-91.
Net earnings
Interest on bonds owned
Dividends on stocks owned.
Rentals of leased Hues
Interest and exchange
$4,818,108
285,704
21,036
185,705
118,586
198,480
114,424
.
Bills receivable
Other income
Total receipts
Paid rental of St. Paul Minn,
Dividends (3 14 per cent)
Miscellaneous
,
AMan. BR
$5,742,043
4,084,672
6.50,(KIO
18,750
;
fonrths
The
1879.
pnfened
tlie
stock oiitstaiidiug.
St. I'aul Miniieaiioiis
Manitolia
It had a land grant of 3,84H,O0O acres,
&
Company wasorganized May
23,
and acquired the Minne-
apolis A St. Cloud Railroad graut, 476,864 acres. Land sales are applied to the redemption of Ist mortgage bonds at or under 105.
Total disbursements
Surplus
$4,753,422
$988,621
-(V. 51, p. 240, 537, 658, 679, 682, 787; V. 52, p. 82, 203, 351, 973;
V. S3, p. 95, 126, 156,368,407, 474, 777, 792, 7»7, 880j V. .54, p.
525, 683.)
INVESTORS'
SUPPLEMENT.
I
Vol.
UV,
—
,;
RAILROAD STOCKS
HjlT, 1892.]
xrm
Bnbscribera
BONDS.
AJSTD
61
eonfer a gremt tevor by clTlnc tntmediatc notlc« of mmj error dlseorered In these Table*.
Amd*— PiinaCINTEBE8T OR DIVIDENDS.
pal,Wliei> Do*.
Rate per When Where Payable, and by «(oeJw-LMl
'
BAILR0AD8.
For explanfttioD of colnmn headlngn,
on tlret page of tables.
&o., see notea
.S7.
Wt8t.
<«
.
Con«ol. mortgage, not payable
till
1910
New consol.
mortgage (for !)!;i,0O«,(XX)) gold....o*
West 3Vxa/i— 1st M. ($7,000 p.m.),gold.
o*
2d mortgage, land grant, $."),(KX) per mile
jr<««(<e7'«.0VH(./fK.— lstM.l.gr.,g.,re<l. atll0.o*4r
Connol. M.,land gr. gold, lut.gnar. by 8o. Pac.o'Ar
c"4r
Gen. mort.. gold. Interest guar, by So. Pao
Debent, prtn. and Int. guar, by So. Pac. Co.(**r
P Debent., priu. and Int. guar, by 8o. Pao. Co..o**r
Bml. Hut. hndge^N. E. /iy.— lHtM.$10,000,000.0*4r
BuiUii*gd<m * Hroad Top— Common stock
Frefenred utock, 7 per cent, nnn-immulative
Irt mort., extended in ISiK) (Int. only In gold)...
2d mortgage (Int. only payablu lu gold)
Boimt. Easl
Size, or
of
of
Par
<t
—
,
mortguge, eonHoHdated
lUinoin Ventral— hloeW
Jxtaaed line 4 i)er cent stock, guar, (see remarks..
>
let roort, of Stirling bonds of 1895
3*\
221
221
111
292
54
54
i'04
74
104
192
192
4(!3
463
403
64
64
64
74
64
l
18 7 4 for
Amount
Outstanding
Payable
Cent.
Paul.— ( Concluded.)—
Ttxas.—XuX. M.(*iiO,OOi>, p. m.) Rold....
Mannlbal <t SI. Joseph— (^on. M. for $H,IXX),0OO. .0*
Barrisb. Portgm'th Ml. Joy rf /^anc— Htock,7 p. o.gu.
iBt niortnaBe (cxt'd iu 1883), Int. guar. Pa. RB..r
Bartfonl a Conneclicvt ir««(erj»— Stock
iKt mortgage
JT(Mi«i(OTii4;— Stock, common
Preferred stock, 4 per cent non-cumulative
Qvlf
Date
Road. Bonds Value.
Wmonu <f
New c<)iiHi>li(lat<)<l iiiortKii»(c (if-i.SOO.OOO). gold.c
New 2<l moit.($3,781,(K)0). Income, non-oiim
Oreen nan
Miles
Sterl. of '03, ilO,(X)Odr'nyrl.o*
—
fl5,000,00<i{ Sterling bonds of 1905
c*
securea all 4s of 188ti,due 1951, gold
aigsof 188H,due 1951, gold.. c*
equally
I
706
1802
1892
1891
1881
6g.
1,000
2,220,000
7,999,000
60
1,182,5.'50
1853 500 Ac.
100
1,000
1883
100
100
1880 500 Ac.
1887
1,000
1878
1,000
1883
1,000
1890
1,000
1890
1,000
1890
1,000
1890
1890
1888
1,000
50
SO
1854
500
600
1857
1865
1,000
100
100
1875
«200
1874
«200
£200
1875
1886
1,000
1886
1,000
Oreen Bay -Winona It. St. Paul.—Owns ti'om Oreen Bay, Wis.,
to Maralilana, Wis.. 209 miles; hranolieH, 7 mile": leases— Plover to
Steven's I'oi.it, miles; total, 222 miles. A rcortjaiiiiiatlon of the Green
Bikv <t >linin>.-.)ti>, sold lu foreclosure MarcU 12, 1881. Preferred stock
la .^'.',000,0410, 7 i>er cent, and conuuou stock $8,000,000; par $100.
%'
4
700,000
&
&
F.
A. 1st coup, due Feb., '93
F. A. A.
N. Y., when earned.
D. N. Y., Mills Building.
J.
M.
J.
J.
2,839,000
1,344,000
750,000
A
*
A. N. Y., Cent. N.E. A West. Feb. 2 9, 1898
Hartford.
July 1, 1903
J.
4
A.
Sl
M.
M.
A
Bridgeport, Conn.
Apr. 1, 19ia
O.
N. N.Y.,Flinn.L.4Tr.Ca Not. 1, 198T
N. Last coup, paid May ,'86
1898
ll
%'
3,«34,O0O
4,303,000
705,000
411,000
<»)
1,371,800
1,990,500
416,000
367.500
1,407,000
45,000,000
10,000,000
2,.'> 00,000
1,000,000
1,.500,000
2,499,000
J.
J.
&.
dc
h
J.
J.
Jan.
N.Y.,OfHce Mills Bulldg July
A.
<fc
4
A.
%'
F,
&
& O
& A. New
3»9
J,
at.
O.
A. dt O.
A.
O.
&
A,
&
2>9
M. &
2
J. &
«g. A. &
6g. A, A
3,700,(K>0
B.
J.
J.
J.
I'-
7,73.'),000
&.
<h
&.
IBll
Aug. 1, 1909
Deo. 1, 1941
N.Y.,Bk.of No.Amcrlca. Meh. 1. 1911
Phlla., Company's OIHce Jan. \6, 1893
do
do
July 1, 1913
5
2,636,700 2 per an. F.
608,000
35,0O0
2,867,800
100,000
DtTUUnd.
J.
A,
F.
A.
I'- A.
O,
?«•
4 e3>ag.
J.
J.
J.
tt
It
Sl
do
do
do
do
do
do
do
do
do
do
New YoA, 214 B'dway.
J
do
do
London.
O.
O. London,Morton,R.dk Co.
D.
3.
3.
1,
1,
1,
Apr. 1,
Get. 1,
Oct. 1,
Feb. 1,
Get.
London.
PbU.Of.,4th&WalnutSt. Jan. 25,
do
Jan. 25,
do
o.
8.
do
do
do
do
York and
do
do
New York, 214 B'dwajrdo
do
1919
1937
1913
1921
1897
1897
193f
1893
1A93
Sent.30, li)25
Felk. 1,
Apr. 1,
1,
Jan. a,
Apr. 1,
Apr. 1,
Dee. 1,
Jaa. 1,
Jini. 1,
Meh.
1895
189»
189S
1893
189S
1908
1905
19ni
1981
was appointed
receiver. Foreclosure sale has been ordered to taka
place Aug. 2, 1892. See references below. In 1890 gross rnm'nra
were $422,522 ; net, $114,282. (V. 50, p. 451, 483, 801 ; V. 52, p. 27»j
V. 54, p. 597.)
Honston &. Texasi Central.—<.9<<f Hap of Southern /Vwnflc;— Owua
from Houstou, Texas, to Red Uiver City, 'Texas, 3 45 mlb-s; brnuches
Hempstead, Texas, to Austin, Texas, 118 miles; totitl owned, 463
miles. Also oi>erates Waco A Northwestern, Bremtmd, T'-xae. to RosSy
Texas, 57 miles; Fort Worth & Now Orleans Ry., (iarrett t'> Fort Worth,
41 miles; Central Texas* Northwestern, 12 miles: other. 1 uiUes. Laoa
grant from the State of Texas was 10,24() acres per tulle
Foreclosure sale of the Houston & Texiis Central RaU'r-ty (excepting its Waco A Northwestern division) was iu:tdo ''epti'inber 9,
1888, to the reorganization committee, and this ratlronrf com psiiy organized, but the juoporty is still in the h:inds of Charles Ollll UKhani aa
receiver. For plan of reorganization ?ee
13, p. 79'2. 8'-'0. The bonda
are given in taide as tliev will stand under the reorganlzntloii plan.
Interest charifes will be $914,248; taxes (cstiniatod), $70,<X)O.
In December, 1892, the Morgans' Louisiana A le. as RR. A 88. Co. brougbk
suit to recover $l,343.5:i3.
Iu 1886 tlu-eo ovcnlde coupons on tlrst mortgage wore funded
and the coiui>anv rehumod payment, but <lotault«<l August, 1889. A
plan for reorgaulzation without foreclosure and for building a Southwestern E.\len8ion was brought out in July, 1889, the Incomes paying
au assessmi-nt of lo i>er cent and the i>t«c,k of 5 per cent, and receiving
thcivfor bonds auci stock of the Wluoua -t Southwe-item Railroad—
which see. In August, 1890, the Parmurs" Loan & Trust Company,
triLstee of toe ili'.-l mortgage, was appointed trujtoe In possossion.
In May, 1892, security holJera generally agreed to depo.stt their seouritles wltti the Farmers' Laau & Trust Co. under an additional
agreement datctl Fob. 24, 1892. Hv this there will be issued a consolidated 5 ixir cent mortgage for .^2,".00,()00, one consolidated bond and
$210 In mortgage bonds scrip boiug given for each old 1st mortgage
bond, principal and interest, an mo consolidated bond and $180 in
mortgngo bouil scrip n)r eacli f rinded interest bond. The Incomes will
be exolu»nged tor iioneuraulativn 4 per cent Incomes, or stamped as
The Boutlieni Pacific Company guarantees Interest on all the bonda
entitled to i per cent intowst if earned. The old stock certificates aud both priuci)>al and Interest of the debentures. The first iiiortgags
will either be retarueil or be excliauged for now common and bonds and the consolidated mortgage bonds may be ealleii for redemp'
.
I
tlie preferro 1 stock will
preferred respectively, share for sliaru
uo entitled to .> per coiit, if carueil, theu eommou to >, tlien preferred to
2 per cent additional, and comumu to any balauoo. Tlie iuco ues and
ist pay tiieir subscriptions under plau of July 15, 1889, to
the stocK
take part in the reorganization. Hee V. .">l, p. -lis. 486, 613. 800.
In 1890 gross caruinsrs were $384,104, against $J!)»i,8ll lu 1889.
In year 1889-90 gross earnings were $330,319; net, $(>J,717; interest,
Uxos, Ac, $141,376. Total detlclt to June 30, I'ii) ), $il9,593, Samuel Sloan, President, New York. Ijiter earuiugs refuned. (V. 47, n.
563; V. 49, 11. 1 13. 145. 341, 654; V. 51, p, 276; V. 53, p. 712, 969 ; V.
53, p. 443, isO, 643, 800.)
Ouir WcMterii Sc Texas.—Port Lavaoa to Cuero, Texas, 56 miles
Victoria to Be<>vUle, 55 miles; tottl. Ill mlle<. a Southern Pacitlo
Proiiorty, the M jrgau'< Louisiaua A Texas owniu:; all lint $3,500 of the
$300,000 stock. In 1891 gross eirnings. $99,398; deficit under operating oxpeu.ias and tixes J16,d4-j. duo V. 53, p. 880.
;
m
to StIlnnnlbai ic St. Joaeph.—Owns from
Joseph, Mo., 206 miles; brauchas— Camerou to Kansas City. 53 miles:
Bt. Jo.soph to Atchison. Kan., 20 miles; Palmyra to C^ulnoy. 111., 13 miles;
leases, 3 miles; total oiHirated, 29.'> miles. Owns bridge at Kansas City.
Stock— (Jonimon,$;»,l68,7i>0: prcferre.l, $,),0S3,0J1; par, $10). CUIeago Burlington & tjuincy R«. Co. owns $14,2 43,100 stock. Preferred
•took has prior right to a iiou-cumulatlve dividouil of 7 percent: then
common to 7; then both sli.ire. Dividends on preferred stock in 1881
and 1882, 7; in 1883,3; In 1887, 7: In 1888, nil ; In 1889,5; lu 1890
nearly 2 per cent ; In 1891, about 6% per cent. Tlio inoome accounts
have shown as follows: surplus over charges tu 1891. $109,780 iu
1890, $102,071; iu 1889, $276,732 ; detiolt in 1888, $40,091; surplus,
$397,562 hi 1887. (V. 53, p. 325.)
Ilaimibal, Mo.,
;
:
Blarrl«bur% Porteinonth ITfnnnt .For
from
Sc
l<anra«iter.—Owns
Dillerville, Pa., to Harrisburg. Pa., 36 miles ; branch, Middletown,
Leased to the
l^a., 18 miles; total operated, 54 miles.
Pa., to Columbia,
Pennsylvaula RK. Co. for 999 years from January 1, 1861, the rental
belug 7 j>er cent on the stock and Interest on the Isiuds, taxes and oxpenaes of organization. Stock, $1,182,530; par $30. Forms part of
main line of Pennsylvaula RR.
Hartford tc Oonnectlent Weetorn.—Owns from Hartford.
Oonn.,to RhiueclUr, N. Y., 108 miles. K.»>rgauized In 18(1 and iu 1888
a oontrolUng Intenvst iu the st4>ek was purch:i.s*Ml t)r parties interested
the PoaKhkeepeio Bridge. Leased till August. 1939, to tlie Cuutral New
England & Western, the rental paring oharges and 2 piu' eeut per auBuni on the stock. There are $84,300 Conn. Western BR. 7 per cent
bonds, due 1900, convertible into stock at 60 per cent. (V. 50, p. 4'22.)
m
Huunatonle.—Owns Bridegport, Conn., to State Line, Mass., 74
miles; Brooktlcld Junction to Danbury, 6 miles; West Stookbrldge
Railroad, 3 miles (st<K:k owned); Uotsford to Huntington, 10 miles.
Leasee— Berkshire RaUroa<l, 21 miles; Stookbrldge APlttslleld Railroad.
33 mllee; Danbury & Norwalk Railroad, Danbury to Wilson, Conn., 26
miles, and branches, 10 miles; New Haven .Sb Derby, 17 miles; total
operated, 100 miles. Controlled in Intereet of N. Y. <fe New England.
Common stock is exchangeable for the new preferred stock on basis
of one and one half shares of common for one of new profemKl. There
are also $61,000 5 per cent Danbury branch bonds due Goto borl, 19 12,.
redeemable Gctolier 1, 1892; and Sent. 30, 1891, rolling stock certlfloatee $200,000 and certificates of indebtedness, $203,5<X>.
From Jan. 1 to Feb. 29, 1892 (2 months), gross earnings were $218,551, against $209,787.
For year ending September 30, 1891, gross earnings were $1,541,795
against $1,520,12 4 in 1889-90; net, $524,506, against $607,179; surplus over taxes, rentals, interest, Ac., $95,780, against $193,075, (V.
t0, p. '276, 451, 7 41, 908; V. 53, p. 407; V. 54, p. 3'i.l
Honatoii Bast Sc West Texa».— (Narrow gauge, 3 feet.)—Owns
from Houston, Texas, to Sabino River at Logansi>oi-t, 192 miles. The
secoud mortgage bonds are held as collateral for the debt due Mr. Breissued, $1,920,000. In July, 1885, M. G. Howe
muud, $750,000. Stock
tion at 110 with proceeds of land sales. See full abstracts of all tha
mortgages in V. 52, p. 242. The first mortgage Is a first lien on something less than 2,<K)O,0OO acres of land and the consolidated mortgaga
a first lien on aliout 1,000,000 acres. Of the consolidated 6s $1,149,(K)0 (not included lu the amount outstanding above) are held as part
security for the general mortgage 48.
The new stock is $10,000,000 and the old stockholders paid a cash aoses.'*ment of $71 40 per share to obtain their pro rata share of tlie noir
stock. (See V. 51, p. 493.) There are $60,000 Union Depot bond- outstanding. The Waco A Northwestern iKuids are not a liability of thda
company; foreclosure suit is in progress under the w. A N. W. mortgaga
and reorganization is under way. V. 54, p. 287, 492.
In tliecaliiidar \ear 1890 gross earnings on 463 miles were $3,537,014; net, $1,078,175; rent.ils. $54,272; iut«'ic8t, $883,240; beiterments aud additions, $197,544; other expenditures, $36,517; detlclt
lor year, $93.399.'
The earnings, Ac., for the citlondar years 1887, 1S8S and for the year
eniUng September 30 in 1889 an<i 1890, were as follows, 5(17 miles iK-ing
operated in 1889 and 1890, this including the Wac,o A Northwestern.
18S8.
1888-89.
1887.
1889-90.
Gross earnings. ..
$2,896,999 $2,78(l,»>53 $3,262,362 $3,863,919
Operating expenses, Ao.
2,717,865 2,38.'i,06(i 2,.~>6I.494 2,839,163
Net earnings
$179,131 $40O,9!)3 $7<IO,8«8 $l,024.70»
51, p. 84, 114, 206, 240, 493, 537, 609. 680, 873; V. 52, p. 6H
V. 54, p. 287, 492.)
Hnnilnsdon Ic Broad Top.—Owns fiixn Huntingdon. Pa., X»
Mount Daluts, Pa., 45 miles; branche". 19 miles; total o|H>rated, 64
miles. Preferred stock is 7 i>er c«nt iion-cuiiiulative. Them were all*
Jan. 2, 1892, $338,.'i41 ear trusts. Bon.ls due In IH9.'> and I92.~> have interest but not principal payable in gold. Divi<leiids im iirefiTrfxl stock
since 1883— Inl884.1ii!percent: inlt<H7,2; » Im«8himI 18H!», Byearly;
in 1890, 5i«; In 1891, 7; in 1892, Jan., 3><-. Gn
union stock In 1891,
2 jier cent; In 1892, Jan. 2, lu 1891 gross earnings. $683,057; ne^
$366,296; interest, $116,357; car tnists, $!H(,381 ; dlvi.ien.l.i. common
and preferred $161,992. In 1890, gmss, $721,879; net, $:«»2,123.
nitnola Central.— (.Sec lfa/<.)— Line of U<>.m>- Chicago tt> C'aira^
365 miles; East Dubuque to Centrallu, ."til miles; Memphis Division—
Orena<lato Meni)ihls, Tunn. lOOinlics; ChicagoSt. Uiuls St Now Orleaaa
Kallioad, Calii>, 111., to New Orleaas, La., .547 miles: braiicbcs, 928
miles ; total, 2,275 miles. .Mso leases and ooulroU bv ownership ot
nearly entire stock Dubuque A Bioux City and leased lines 600 uulea.
-(V,
Grand
tot.il.
2.876 miles.
OBUASiZATios, LiiASKS. An.— This company was chartered in Decern,
and organized in March, 1851. The lands granted were upon
the oondltiou that the company should pay to the State 7 per cent of
ber, 1850,
gross earnings j-early In lieu of taxes. The company acquired a coatrolling Intei-est in the Chicago St. Louis A New (jrleans Railroad
and leased it from July 1 1882, for 400 years, at 4 per cent per annus
on stock, and Issued the atsive 4 per cent leased line stock in exchange
for a like amount of the Chic. St. L. A New^ Orleans stock (see belowt.
The stock of the Dunleltli A Dubuque Bridge, $1 ,0(K»,0O0. is owned. Ik
1887 the company acquired the stocks of the leased lines In Iowa.
Fiscal year ends June iJO. Annual electl-n is held In October.
Cai'Ital Stocks.— The leased line stock is secured by deposit of
10,000,000 Chicago St. Louis
New Orleans stock, and in case of
? efault
for sixty days In the payment of any semi-annual dividend otS
per cent the stockholder is entitled to his pro rata share of the atoek
,
A
pledged.
Dividends on
common
stock since
A
1882— In
1883, 8
and 17 per
New Orleans stock exchangeable for le ased
St. Ix>uls
llnecertlflcates; inl884, 10;in 1885, 8;inl886,7>a: in 1887 and 1888,
7; In 1889, 513; in 1890, 6; in 1891, .5; in 1892, March. 219 per cent.
Price of stock— In 1883, 124»14a; in 1884, 110*140; lu 1885, 119>»
«140; iu 1886, 130al43i3; In 1887. 1143138; in 1888, 113»123><: In
1889, 106»118!^; in 1890. 85^120: iu 1691, 909109^; in 1892 tO
May '20, Inclusive, 103 a 110.
cent in (Hiicago
c
r
.
^3
INVESTORS' SUPPLEMENT.
[Vou LIV.
Subserlbers will confer a K^eat favor by glTing; Immediate notice of anjr error dlscoTcred In these Tables.
RAILROADS.
For explanation of column headlngn,
on
flrst
<t:o.,
Miles
of
see notes
iBt M. on Ch. & 8i>. RR. ((311man to Springfield).
Ist M., Middle Div.,Otto to Nornian Juno. & brs.r
Collateral trust bonds, gold, $ & £
c*
Ill
131
854
c*
ObIto Bridge bonds, gold (see remarks)
Chicago 8t. Louis & New Orleans 1st mortgage..
567
567
567
100
118
118
118
153
153
153
153
117
117
776
776
776
776
776
2d mortgage
Consolidated mortgage ($18,000,000),gold.c*Ar
c*
Memphis Division mortgage, gold
IlIinoisi£
c*
Iowa — 1st mortgage
int.on 30 dys. notice. o*
I New Ist M.,g.,rcd.at par A-
l8t and Sd inc. Ms. (^i.'SO.OOO each) 4 p.c.non-cum.r
Indiana}). Deialur d Western— I. D. & 8p.lstM.,g.B.f.
Indlauap. Decatur & Western Ist mortgage, gold
c
2dmort. (income non-cum. till Jan., 1893)
Income bonds, non-cumulative, drawn at 100...
Indiana/Htlis i£ Vinrennes 1 st mortgage, guar
c
—
2d mortgage, guaranteed Penn. Co
c
—
Great Northern Ist mort., gold
2d M. gold, int. 412 p.c. till Sept. '97, then 5 p.c.o*
Do
8 per cent incomes
3d m. ($3,000,000) income till aft. Sept. 1, 1897.
Certlttcates of indebt. secured by 1st m. coupons
Colorado Bridge bonds, siul<iug tund
iHternationat
d:
loiea Central— iitoe\ ($5,.50.5, 912 is non-cum. pref.)
Ist mortgage, ^1 5,000 p. m.,gold
o*
Keithsbiirg Bridge 1st mortgage, gold, guar
o*
501
Iron Hallway — Stock
Jacksonville Louisville
db St.
Size, or
of
Par
Road. Bonds Value.
page of tables.
JiHnois Ceniral^Continued.
Trust bonds sterl. (secured by Ch. 8t.L.AN.O.con8.)
Indiana
Date
&
io?eis— See Chic. Peoria
20
St.
1886
£200
1,000
1878
1,000
1881
1888 500 &e
1890
1,000
1877
1,000
1877
1,000
1.000
1881
1889
1,000
1882
1,600
1889
500
1889
1,000
1876
1,000
1888
1,000
1888
1,000
1888
1867
1,000
1,000
1870
1879
1,000
1881
1,000
1879
1891
1891
1,000
1880
100
1888
1,000
1,000
1885
100
Bonds.— In
company
addition to the bonds given in the table as outstanding,
itself held on July 3, 1891, $1,222,000 of the 4 per cenfc
and
Dubuque & Sioux City 58 of 1938.
1952
$1,531,000
of
The Caii'O Bridge bonds are secured by deposit of a like amoimt of
Chicago St. Louis *fe New Orleans 1st mortgage Cairo Bridge 5 per cents.
For the Chicago St. Louis & New Orleans the lessee guarautees the
principal and interest of all the outstanding lionds prior to the 5 per
cent bonds, and by an endorsement on tiie latter bonds guarantees the
payment of the interest on the same until the principal is paid. The
trust bonds of 1886, which are secured by deposit of a like amount of
Chicago St. Louis & New Orleans consols, are to be secured by any
future moitgage on the Illinois Central lines. Of the Chicago St. Louis
&. New Orleans first mortgage 78 of 1877, $541,000 are a prior lien on
that part of the road in 'Tennessee.
"The collateral trust bonds of 1952 are secured by pledge with the U. 8.
New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 850 miles.
Operations and Earnings.— From July 1, 1891, to March 31, 1892
(9 months), gross earnings were $14,817,274, against $13,670,084 in
Trust Co. of
December
31, 1891,
1890
1891.
$9,320,262
6,271,178
$10,175,613
7,068,971
$3,049,084
Totalnetrevenue(lncl.otherlncome). $3,592,227
1,996,760
$3,106,642
$3,664,593
2,006,418
Gross earnings
Operating expenses
Neteamlngs
First charges
Surplus
Dividends
$1,595,467
1,350,000
$1,658,175
1,125,000
Balance of surplus
$245,467
$533,175
Fiscal year ends June 30. Report for 1890-91 was published at length
In CHKONICLE, V. 53, p. 472, 476.
Miles operated
1889-90.
2,875
1890-91.
2,875
Freight
Mall, express and miscellaneous
$3,287,292
11,335,365
1,829,365
$3,812,340
12,160,600
1,908,615
$16,452,022
11,153,419
$17,881,555
12,761,046
Earnings—
Passenger
Total
Net earnings
$5,298,603
$5,120,509
INCOME ACCOUNT.
1889-90.
$5,298,603
Receipts--
Netearnlngs
Net receipts from
Interest,
&o
Mlscellaueous
Total
IHsb ursoinents
Interest on Illinois Central bonds
Int.onChic. St. Louis &New Orleans bds.
Rental Dubuque & Sioux City RR
Dividends on Illinois Central stock
Dividends on Leased Line stock
—
Permanent Improvements
Miscellaneous
Total
Balance
*
731,185
30,018
1890-91.
$5,120,509
1,163,109
34,905
$6,059,806
$6,318,523
$1,464,925
1,106,955
*415,629
2,400,000
400,000
213,415
50,000
$1,462,425
1,247,010
829,169
2,250,000
400,000
$6,050,924
Sur.$8,882
$6,318,633
Def.$118
130,027
On same basis as to
-(V.52,
V. 54,
p. 204,350,
p. 159. 265.
Indiana
SJag.
$5,266,000
1,600,000
6
968,000
5
15,000,000
3,000,000
!«•
1,374,000
80,000
6
11,260,000
5
3,500,000
4
75,000
6
4
725,000
437,000
4
1,800,000
7
142,000
5
5
1,382,500
795,000
5
1,700,000
7
1,402,000
6
7,954,000
6g.
7,968,500 4I2 to5 g.
85,500
8
2,754,609
4
757,618
5
225,000
7
13,479,503 1 on pref
6,400,000
5 g.
591,000
6g.
600,000
IHi
J.
J.
F.
A.
J.
M.
1890-91, namely the net earnings.
331; V. 53, p. 59,95, 126, 186, 370,455, 4T2, 476;
Illinois
&
lo^ra.—Owns from
&
&
&
&
&
&
J.
J.
A.
O.
D.
N.
D.
&
& D.
M. & N.
J. & D.
J. & D.
A. & O.
A. & O.
J. & J.
Oct. 1.
F. & A.
M. & N.
M. & N.
M. & 8.
M. & 8.
M. & 8.
M. & N.
M. & N.
J.
J15&D15
J.
London, Baring Bros.
— I*rincl
pal,When Due.
&'(oe*:«— Last
Dividend.
1950
1898
1921
1952
1950
1897
1907
June 15, 1951
Dec. 1, 1951
Nov. 1, 1888
N. Y., MetropoL Tr. Co. Dec. 1, 1939
do
do
Deo. 1, 1939
Oct., '85, coup, bought. Jan. 1, 1906
Oct. 1, 1947
Jan. 1, 1948
New York, 214 B'dway.
do
do
do
do
do
do
do
N.Y.,Farm.
do
do
do
do
do
do
do
do
L.
July
Jan.
Aug.
Apr.
Dec.
Nov.
Dec.
1,
1,
1,
1,
1,
1,
1,
ATr.Co. Feb.
do
May
N.Y.,Farmer8'L.&Tr.Co
1,
1,
1,
Sept. 1,
See remarks.
Sept. 1,
N. Y., Central Trust Co.
Nov.
1908
1900
1919
1909
1909
N. Y., Central Trust Co.
N.Y.,Farmer8'L.&Tr.Co
N. Y. offlce, 11 Wall St.
J. "&"d. N. Y., Mercantile Tr. Co.
J. & D N. Y., Central Trust Co.
yearly.
Boston.
1927
Nov.l,'92-'97
May
1,
1920
Apr. 11,1892
June
1,
.Tune 1.
1938
1925
July 10, 1891
consummated, and a new plan dated Aug. 26, 1891, was offered by
holders of Junior securities, trust receipts under this plan for $1,382,500 2d mortgage bonds l)eing listed on the New York Stock Exchange
in Marcli, 1892.
Tins plan contemplates a lease to the Cincinnati
Hamilton & Dayton. For details see V. 53, p. 968. See also V. 54, p.
643.
From July 1, 1891, to Mar. 31, 1892 (9 months), gross earnings were
$397,217, against $367,760 in 1890 91; net, $103,804, agst $108,352.
In year ending June 30, 1891 gross earnings were $478,438; net,
.$95,930. In 1889-90 gross, .$-136,399; net, $114,737. New York offlce,
2 Wall St. (V. 53, p. 126, 520; 880, 968; V. 54, p. 242, 287, 444, 643.)
Indianapolis ic VIncennes.—Owns from Indianapolis, Ind., to
Vinccnnes, Ind., 117 miles; branches, Bushrod to Dugger, etc., 16 miles;
133 miles. The Pennsylvania Company owns a controlling!
interest in the stock and operates the road, advancing the deficiency to
pay interest on the bonds. The canital stock is $1,402,000; par, $50
of which Peunsylvania Compauy on July 1, 1891, owned $1,401,900.
Due Pennsylvania Company Dec. 31, 1891, for advances, $2,421,257.
In 1891 gross earnings, $473,928; net, $68,134; Interest on bonds,
$203,120; rentals, etc., $3,563; deficit, $138,548, against $160,848 in
1890.
Internationa]
Great Nortliern.—Owns Longview, Texas, to
Laredo, Texas, 496 miles and Palestine, Texas, to Houston, Texas, 1 50
miles; branches— Houston & Columbia, 50 miles; Phelps to Iluntsville, 8 miles; Miueola to Troupe, 44 miles; leases— Round Rock to
Georgetown, 10 miles; Henderson to Overton, 16 miles; Galveston
Housi. & Hend., Galveston to Houston, 50 miles total, 825 miles.
Foreclosed iu 1879 and reorganized. The stock acquired by Missouri
Kansas & Texas in May, 1881, became in 1890 the Joint property of tlie
Missouri Kansas & Texas and the Mls.souri Pacific. In 1892 the M. K.
& T. disposed of its interest in the stock to Mr. Gould. (Bee V. 50, p.
313; V. 54, p. 366.) Default was again made
March, 1889, and receivers were appointed Feb. 16, 1889.
Reorganization without foreclosure was begun in Feb., 1892, under
plan of Jan. 27, 1892, all suits having been withdrawn. See plan in V.
54, p. 203, 366. The first mortgage bonds remain uuchanged, and on
and after May 1, 1892, tlieir coupons will be paid in cash. The second
mortgage interest is scaled to 412 per cent from Sept. 1, 1891, untU and
includiiig Sept. 1, 1897 thereafter it will bo 5 per cent ; but iu case of
default the interest rate reverts to 6 per cent as formerly.
The new securities to be issued uiKler plan of reorganization are 5 per
cent certificates of indebtedness for $757,618, payable one-sixth yearly,
and third mortgage 4 per cent bonds for $3,000,000, the latter until
after Sept. 1, 189*, to draw interest only if earned. The certificates of
indebtedness represent one-lialf the overdue interest on the first mortgage (tile other one-half being paid in cash) and will bo secured by first
mortgage coupons held in trust. The tlilrd mortgage bonds, except a
surplus.of $245,391, are to be used in the reorganization for funding 2d
mortgage coupons, etc. See V. 54, p. 203, 366.
The International & Great Northern guarantees $2,000,000 of Galveston Houston & Henderson 1st mortgage 5 per cent bonds, of which
Missouri Kansas & Texas owns $400,(K)().
From January 1 to March 31 1892(3 months), gross earnings were
$866,173, against $846,140;
deficit
under operating expenses,
$50,492, against $99,562.
In calendar year 1891 gross earnings were $4,098,634; net, $618,713.
Iirl890 gross, $4,053,649; net, $545,746. (V. 52, p. 939, 973; V. 53, p.
58, 569, 604; V. 54, p. 33, 78, 203, 243, 288, 329, 366.)
loTva Central.— Owns from Albla, la., to Manly Junction, la.,
178 miles; Oskaloosa, la., to Iowa Junction, near Peoria, 111.,
(excepting Keithsburg Bridge over the Mississippi, leased), 184 miles;
Grinucll & Montezuma Branch, 14 miles; Story City Branch, 35 miles;
State Centre Branch, 27 miles; Bebnond Branch, 22 miles; Newton
Branch, 28 miles; Manly Junction, la., to Northwood, la., (letLsed to
Burlington Cedar Rapids <fc Northern) 11 miles; other, 4 miles; total
owned, 503 miles; leases Keithsburg bridge over Missi.sslppi River, 3miles; trackage, Iowa Junction, III., to Peoria, IU., 3 miles; total, 509
miles, but of this 11 milea leased as stated above. Operates separately
Ceutreville Moravia & Albla, Relay to Albia, 26 miles.
The Central Iowa, October, W84, defaulted in payment of interest,
and in 1888, after foreclosure ftjile, was reorganized under present title
according to plan in Chronicle, V. 44, p. 653. Trustee of first luoi-fcgage. Mercantile Trust Co. See abstract V. 49, p. 582. (Simmon stock,
authorized, $8,600,000; preferred authorized, $5,600,000. The preferred
is entitled to 5 per cent (aon cumulative), then coiumon to 5, thou both
share equally. Bills uayable July 1, 1891, $456,699; accounts payable,
$225,940; interest, taxes, &c., due or accrued, $118,893; total, $801,532. Offsets— supplies, $162,683; cash and accounts collectible. $166,011; tot;il, $329,694. In Feliruary, 1892, $500,000 five per cents of
1888 were issued for new eiiuipmeut anil improveuieuts.
The Keitlisliurg Bridge bouds were redeemable at 100 for the sinking
fund, but in 1890 payments to the sinking fund wore discontinueu in
pursuance of an agreement with the Bridge Company. SeeV. 51,p. 715.
Dividends on pref. stock begun iu 1892; in April, 1 per cent paid.
From July 1, 1891, to Mar. 31, 1892 (9 luos.), gross earnings .*1,496,160, against $1,364,150 in 1890-91; net, $475,957, against $444,242.
For the eight months ending February 29, 1892, net earnings were
$428,230; rentals, etc., received, $9,603 ; total, $437,833. Deduct, Iu
terest, $197,200; rentals, $34,040; taxes, $35,429; sundry accounts,
$19,554 ; balance, surplus, $151,610. See V. 54, p. 648.
total,
&
;
;
m
;
Operating expenses
Ilo7i<t8
Rate per When Where Payable, and by
Outstanding
Cent.
Payable
Whom.
Louis.
the
1890-91; net, $4,313,731, against $4,246,332.
Following is the statement for six months ending
"other Income" being partly estimated In 1891.
INTEREST OR DIVIDENDS.
Amount
Streator Junction, ni.,
to Knox, Ind., 117 miles; trackage (Wabash Railway) into Streator, 1-70
miles; (Ch. &. W. M.) La Crosse, Ind., to New Bullalo, Mich., 38 miles;
(Chic. & E. 111.) Wheattteld to La Crosse, Ind., 13 miles; total operated,
i'70 miles. Stock, $3, .597,800; par, $100. Car trusts September, 1891,
were $90,157. In 1890 Uuapces were readjusted. (See V. 51, p. 457.)
The Ist and 2d incomes, as well as the 1st 48, are subject to call at par
and interest after 30 day's notice. From Jan. 1 to March 31, 189'2 (3
niontlis), gross earnings were $178,570, against $125,026 in 1891; net,
$59,888, ag.iinst $42,798. In year ending June 30, 1891, gross earnings were $446,332; net, $90,475; surplus over charges, $5,758. Gross
to 1889-90, $326,887; net, $71,537; taxes, $11,055. F. M. Drake,
President, CeutrevUle, la. (V. 51, p. 457.)
Indianapolis Deeatur tc fVestern.—Owns from Indianapolla>
Ind., to Decatur, 111., 153 miles. On April 1, 1889, defaulted, and in
July the road was turned over to R. B. P. Pearoo and B. A. Sands,
trustees of the Indianapolis Decatur & Sprlngtleld mortgage. In February, 1892. a decree of foreclosure under the Indianapolis Decatur &
Sprtngtield first mortgage was contlnned by the General Term, with
right of aiipeal to the Supreme Court of the State. See V. 54, p. 242.
A reorgaulzatton plan was offered October 5, 1890, but this was not
—
Mat,
^
^
RAILROAD STOCKS AND BONDS
1892.]
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MAP OV
THE3
ILLINOIS
CENTRAL
R. R.
.AND CONNECTIONS.
;
«4
INVESTORS'
Sabserlbers
column headings,
on flrst page of tables.
of
&c., see notes
Miles
of
Date
Size, or
of
Par
do
do
stock. Series
B
bonds. Series A and B
AUautlcCoa.st St. Johns & Indian H. Ist M.,gold.c
^Sauford & Lalie Eiustis let M. ($330,000), gold. ..
Jefferson iJ'a.)— 1st aud2dMs,exten.(HawleyBr.).c
l8t M. Carbondale to 8.depot,37m.,g.gd.pr.&int.c*
Jolifl a Norlhern Indiana— \st M. guar, by M. C. -C
Junction ( Philadelphia)— X»t mortgage (extended)
2d mortgage
K^atMwha d JfteA.— 1st mort, gold, guar. p. & 1. .0'
Kan. City Ark. aNew Ort.—lstM. ($20,000 p.m.).g.c'
Kansas City Sell— l»t ($534,000 gu. K.C.F.S.&M.).c*
Kansas City Br. a Ten— 1st M. for $1,500,000, g.e*
Kansas City Clinton <* Spring.— 1st M., g., guar..o*
.
37
29
8
37
45
3-56
3-56
134
23
10
12
174
88-89
500
1886
1886
1867
1889
1877
1882
1865
1890
1891
1886
1889
1885
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
1,000
100
100
Kattsas City Ft. Scott <f- Mepnjihis—Stoci:
Preferred stocli contracts, 8 per cent
K.
C. F. S.
&
G. l8t M.,
I'd. gr.,8. f.,
dr'n at 110. c*
Mortgages, guaranteed (part drawn, at 105). o*
C
Kansas &Mi.ssouri RR. Ist mortgage
K. C. Ft. 8. & G. Ten-year coupon notes
Kan. City S. & M. Plain bonds (red'ble at 105) .o*
Consol. mortgage ($25,000 per mile) not dr'n. .o*
Current Riv. RK. 1st mort., $20,000 p. m., guar
Kan. C.& M. R'y AB'dge l8tM.g.,8.f.,dr'n at llO.c
Kansas Equip. Co. Ist M. guar., s. f., red. at 110
Kan. C. Mempn. <l Bir.—lat mort. (dr'n at 110) .o^
Coupon interest notes, subject to call at par
Birmingham equipment M.,g.,gu. (red. at 110).. c*
Mempliis Equipment Co., guar., red. at 110
o'
.
.
160
202
26
1879 100 &c.
'80-'84
1,000
1,000
1882
85&86 5,000&c
,,
671
81
276
....
1884
1888
1887
1889
1890
1887
1891
1888
1890
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Fiscal year ends June 30 report for 1890-91 was in V. 53, p. 367.
Income has been as follows, the road having been taken out of receivers' bauds May 16. 1889. and interest paid only since that time. In
1890-91, on account of miners' strike, the coal tonnage was reduced
approximately 59,710 tons and earnings about $34,000.
1890-91.
1888-89.
1889-90.
515
492
504
Av'ge miles of road operated.
Gros.s earnings
$1,588,963
$1,699,742
$1,387,303
225,577
476,361
Net earuiugs
428,766
240,247
Total net receipts
,.
444,641
492,462
199,270
420,025
470,783
Interest, rentals, taxes, Ac. .
;
$40,977
$24,616
$21,677
The interest, rentals, taxes, &c., above in 1890-91 Include: Interest
on funded debt, $295,800; on current liabilities, $17,880; rentals of
bridges, tracks and tunnels, $52,522; taxes, $63,475; betterments
$33,391; litigation, &c., $5,717; total, $470,783. President, Russell
eage. V. 53, p. 236, 367, 407 V. 54, p. 78, 243, 369, 648.)
Iron Rallnay, Owns road, Ironton, O., to Centre, O., 13 miles,
and branches 7 miles. Dividend in 1891. 1 "^ per cent. In year ending
June 30, 1891, gross earnings were $35,957 net, $6,820 dividends
faid (1^2 per cent), $9,000; balance, deHoit, $2,180, against $140 in
Surplus
;
—
;
;
889-90.
,
Jacksonville Southeastern.
ggE Chicago Peobia
Jacksonville I,oulsvlllc & St. I,onl8. 5 & St. Locis.
Jacksonville Tampa & Key Tfest.— Line of road Jackson-
Fla., to Sanford, 126 miles
Enterprise branch. 5 miles
X>eland branch, 6 miles. Leases Atlantic Coast St Johns & Indian River.
Enterprise to "TituBville. 40 miles other branches, 23 miles; total J. T.
K. W., 200 miles; Florida Southern, Palatka, Fla., to Gainesville, 50
miles (of which 38 miles 3-ft. gauge) Eochelle to Leesburg, to BrookTllle, 106 miles; Bartow to Punta Gorda, 81 miles; Leesburg to Astor,
80 miles; total, 287 miles; lines to St. Augustine, Palatka, Daytona, &c.,
101 miles operates, 66 miles; total operated, 651 miles.
Opened March, 1886. The land grant was about 1,500,000 acres.
The Urst mortgage bonds are subject to call at 110. Stock is $2,610,©00. Company obtained control of the Florida Southern on January 1,
1889, and issued a collateral trust loan (Series A) for $2,903,000 on
that company's bonds, this loan bearing 3 per cent Interest tUl Aug. 1,
1890, 4 per cent till Aug. 1, 1893, and 4^5 per cent for the remaining 5
years, and a collateral trust (Series B) for $900,000 on that company's
«tock. (See V. 47, p. 531.) The Florida Southern was sold in foreClosure on March 7, 1892, and reorganized. (See V. 50, p. 422; V. 53,
V- 922.)
From July 1, 1891, to April 30, 1892, (10 months), gross earnings of
aaain Une were $679,804, against $604,292 in 1890-91 net $306,822,
•gainst $220,115. In 1890-91 the gross earnings on 200 miles were
4705,267: net. $228,339; surplus over interest, $95,379. In 1889-90
New York office, 10 Wall Street
cross, $631,013; net, $134,003.
—(V. 49, i>. 235; V. 50, p. 422, 519; V. 53, p. 922.)
Jefferson.—Owns from Susquehanna Depot Pa., to Carbondale,
fa., 37 miles branch, Hawley, Pa., to Honesdale, Pa., 8 miles total,
45 miles. Leased in p>erpetulty to the New York Lake Erie & Western
(or $140,000 per .'mnum for main line and $15,900 for branch. Mortgkge of 1889 13 guaranteed principal and interest by lessee. Tlie Hawy branch 2ds, $96,000, due in 1889, were extended at 6 per cent
Capital stock. $2,096,050 par, $50. Gross earnings year ending Sept.
30, 1891, $750,126; net $191,876.
Jefferson Madison ic Indianapolis.—See PrrrsBUBO Ciscin«iiTi Chicago & St. Louis.
ville,
;
;
&
;
;
;
;
;
;
Joliet
Sc
Northern Indiana.—Owns from
Joliet,
111.,
to
Lake
Operated as part of the Michigan Central main
1854 and leased to the Michigan Central Stock
<$300,000, par $100) caiTies dividends of 8 per cent per annum
Junction (Philadelphia).—Owns from Belmont, Pa., to Gray's
Cerry, Pa., about 4 miles. It connects the Pennsylvania, the Philadelphia & Reading and the Philadelphia Wilmington & Baltimore railroads,
coming into PhlladelpUa. Stock $250,000 (par $50), is all held by these
three companies, and pays dividends of from 20 to 50 i>er cent per
«nnum. Gross earnings in 1890, $234,211 net, $143,526.
Kanawha 4c michlsran.—C^iee Jfap Toledo tl Ohio Central.)—OwrtB
Coming, O., to Maiden, &c., W. Va., 134 miles (gauge 4 feet 9 inches);
trackage 19 miles; total 153 miles, of which 11 niiles owned is not
«perated by this company. The Kanawha &. Ohio (was sold in
foreclosure March 4, 1890, and reorganized under present title. (See
Ctatlon, Ind., 45 miles.
tine.
Road opened
in
1,566,000
eg.
2,905,000 4to4i3
900,000
4
60,500
6
360,000
290,000
6 g.
300,000 413&6
2,800,000
5g.
800,000
7
4I3
425,000
300,000
6
1,327,000
276,000
1,930.000
I'-
$1,000
1.000
1,000
1888
Equipment
INTEREST OR DIVIDENDS.
Amount Rate per When Where Payable, and by
Road. Bonds Value. Outstanding
Cent. iPayable
Whom.
•JaektoneilU Tampa it Key ir«/— lst,g.,red.atll0.c- 1301s 1884
1888
'CoUat. Trust loan on Fla. So. bonds. Series A
Do
[Vol. LIV.
confer a great faror by glvlns Immediate notice of any error dlacorered In these Tables.
nrlll
RAILROADS.
For explanation
SUPPLEMENT.
Boiw/*— Princl
Duo.
Stocks— Last
pal, When
Dividend.
N. Y., MercantUe Tr.Co. Jan. 1, 1914
Boston, Am. L. &Tr. Co. Aug. 1, 1898
do
do
Aug. 1, 1898
$7,500 s.-an.
1, 1906
Sept. 1, 1916
July, 1927
Jan. 1, 1909
July 10, 1907
July 1, 1907
Apr. 1, 1900
Apr. 1, 1990
Nov. 1, 1931
JiUy 1, 1916
July 1, 1919
Oct. 1, 1925
Feb. 16, 1891
Feb. 15, 1892
June 1, 1908
Sept 1, 1910
Aug. 1, 1922
Var. 1895-96
May 1, 1894
May 1, 1928
Oct. 1, 1927
Oct. 1, 1929
Jan. 1, 1905
Mch. 1, 1027
Sept 1, 1901
Mch. 1, 1903
Aug. 1, 1905
N.Y., Mercantile Tr Co.
do
do
do
do
Phila., FideUty Tr. Co.
N.Y., N.Y. L.E.
N. Y., Farm. L.
Phila.,
233
do
Jan.
& W.RR.
& Tr. Co
So.
4th
do
St.
N. Y., Central Tr. Co.
N. Y. City & London.
Boston, Of., 50 State St.
Jan., '91, coup, la.st pd.
Boston, Merch. Nat. Bit.
Boston, Of., 50 State St
976,000
3,192,000
5g.
9,997,000
2,750,000 See rem.
2,247,000
7
1,215,000
7
390,000
5
320,000
6
500,000
6
11,586,000
6
1,606,000
5
3,000,000
711,000
6,892,000
5
516,900
6
1,000,000
191,000
do
do
Webster Bk.
do
do
Boston, Of., 50 State St.
Boston, Nat. Union Bk.
Host., Nat. Webster Bk.
Boston, Nat. Union Bk.
Boston, 2d Nat. Bank.
Host., Nat. Webster Bk.
Bost., Nat.
do
do
Interest funded.
Boston, Of., 50 State St.
Boston, Merch. Nat. Bk.
do
do
216; net, $68,854: taxes and rents, $15,333; surplus, $53,521. President, Nelson Robinson; Vice-President, Stevenson Burke. (V. 51, p.
142, 437, 753; V. 52, p. 165, 351; V. 54. p. 801.)
Kansas City .\rkansas
Neiv Orleans. ^Projection from
Missouri State line through Arkansas and Louisiana State line 300 miles.
Bonds for $276,0' tO have been issued on road from Hazeu. Ark., to
Stuttgart, 26 miles.
Capital stock, authorized, $6,000,000; issued,
$1,000,000. Mortgage is for $6,000,000 at $20,000 per mile; trustees,
the Farmers' Loan & Trust Co., New York. C. G. Stoddart, President.
OIBces at 18 Broadway, New York, and Bartholomew House, E. C,
&
London.— (V. 48, p. 462 V. 49, p. 718.)
Kansas City Belt.—From Argentine to Washington Park, 10
;
miles.
Mortgage
is for $2,500,000.
Stock authorized $2,300,000 (par $100);
outstanding $100,0(X) (par $100) owned one-half by Atchison Topeka
& Santa Fe and three-tenths by Kansas City Fort Scott <k Memphis and
two-tenths by Cbicaso Milwaukee & St. Paul. Double-tracked and used
for a terminal road at Kansas City. In 1891 gross earnings were $201,916; net $104,935: Interest $103,936; deficit $11,001 surplus from
previous year, $51,391 balance, surplus, $40,390.
Kansas City Brldi!;e Sc Terminal,—Organized to construct a
railroad and carriage bridge over the Mi-ssouri River at Kansas City.
In August, 1891, Webster Withers and W. H. Holmes were appointed
ioint receivers of the Kansas City Bridge & Terminal R.'iilroa<l aud the
Chicago Kansa i City & Texas Railroad, the latter extending fiom North
Kansas City, Mo., to Smithville, Mo., 20 miles, and having $425,000
bonds outstanding. Foreclosure sale pending. Stock authorized,
$2,000,000; outstanding, $975,000; par $100. (V. 53, p. 256.)
;
;
;
Kansas City Clinton & SpringAeld.—Owns from
Cedar Juno-
Ash Grove, Mo., 164 miles, and branch to Pleasant Hill,
Mo., 10 miles; total, 174 miles, but only 163 miles operated. Built In
the interest of the Kansas City Fort Scott ifc Memphis RR.. which ooinpany guarantees the bonds. There are $38,000 Pleasant Hill & Da
Soto 7 per cents due October 1, 1907. Stock authorized, $2,500,000; par,
SIOO; issued, $1,775,400, of wliich one-half Is owned by the Kansas
Ity Fort Scott & Memphis RK. Due K. C. F. 8. & U. July 1, 1891,
tion, Kan., to
$259,000.
In 1891 gross earnings, $309,512; net, $79,314. In 1890 gross,
$441,195 net, $201,857. In 1889 gross, $281,056 net $107,845.
Kansas City Fort Scott Sc ITIentphls.—Owns main Ime from
Kansas City, Mo., to Memphis, Tenn., 485 mile«, with branches, 186
miles; total owned, 671 miles; leases Current River Railroad, Willow
Springs, Mo., to Cairo, 81 mUes; total operated, 752 miles. Also owns
;
;
—
one-half the capital stock of the Kansas City Clinton A Springfield and
of the Kansas City Memphis & Birmingham RR, (see those companies).
Also 300 shares Kansas City Belt aud $942,000 Current River. Company formed in April, 1888, by consolidation of the Kansas (31ty Fort
Scott & Gulf and Kansas City Springfield & Memphis rallroadk The
Kansas City & Memphis Railway Bridge was completed In April, 1892.
(See V. 54. p. 720.)
Under the consolidated mortgage of 1888 (trustee New England Trust
of Boston) sufficient bonds are reserved to provide for all
prior bonds when due. The Fort Scott Southeastern 6c Memphis, Rich
Short
and
Creek & Joplln roads have a sinking fund with which
Hill
bonds are bought at 1 10, or. If not offered, are drawn at 105 (of these
bonds $230,000 were on June 30, 1891, held alive In the sinking fund).
The Current River RR. bonds are guaranteed. See V. 44, p. 246.
The Kansas City & Memphis Railway 4 Bridge bonds are guaranteed
by endorsement as to principal and Interest and are subject to sinking
fund drawings, $9,000 bonds yearly at 110. See V. 54, p. 410. The
Kansas Equipment bonds are guaranteed, and the Issue Is redeemable
as a whole at any time at 110 and Interest, and Is entitled to an annual
sinking fund of $12,000, for which the bonds may be purchased but
cannot be drawn. Company also guarantees $534,000 Kansas Oity Belt
and $3,192,000 Kansas City CllntonJt Springfield bonds—see those
Company
companies.
Dividends on common stock since 1881 In 1882, 2 per cent; In 1883,
3: In 1884,513; In 1880,213; In 1886,4; In 1887,413: in 1888, S"*; in
1889. 3; In 1890, February, 2; August I's; in 1891, February. 1;
August dividend passed.
Dividends on preferred since 1880— In 1881, 8I3; from 1882 to February, 1891, both inclusive, at the rate of 8 per cent ye.irly. The August. 1891, dividend was deferred until the results of the calendar year
1891 could be ascertained (see V. 53, p. 186), and in 1392, February,
8 per cent was paid.
From July 1, 1891, to Mar. 31, 1892 (9 months), gross earnings wer*
$3,865,317, against $3,616,313, In 1890-91; net $1,145,338, against
CHKONrcLE V. 50, pp. 451, 483.) In October, 1890. a large interest in $1,018,310; interestreutals, .ic.,.$813,400, against $802,'240; balance,
the stock was acquired by parties interesteil in the Toledo & Ohio surplus, $332,000, against $216,070.
Fiscal year ends June 30. The advance statement for 1890-91 was In
•Central, which company has guaranteed the bonds, principal and
Interest
(See V. 52, p. 165, 351.)
The mortgage or 1890 is for V. 53, p. 186. The report for 1889-90 was In Chboxici.e, V. 51, p. 607.
915,000 per mile of road now or hereafter constructed; but imtil
1888-89.
1889-90.
1890-91.
extensions are built the issue on present mileage must not exceed Gross earnings
$4,545,567 $4,937,431 $4,703,142
SIO.OOO per mile. In May, 1892, it was reported that an extension Net earnings
$1,518,057 $1,550,786 $1,313,924
Zrom Maiden to Kanawha FaUs, 30 miles, would be built at once, K. & Charg6s-Int,traffloguar.,eto.... 994,537
1,042.549
l,e68,846
M. first mortgage bonds having been sold to meet the cost. Stock
authorized. $10,000,000; outstandinir, *9,OO<1.000; par, $100.
Balance, after add'g other Inc. $606,578
$569,161
$256,881
From January 1 to May 7, 1892 (414 months), gross earnings were Dividends paid
516,924
566,414
208,972
9126,626, against $106,630 in 1891. In year ending June 30, 1891,
cross earnings were $347,702 net $86,201. In 1889-90 gross, $305,
Balance
Bur.$89,654 def.$2,747 8ur.$47,909
;
;
—
.
Vat,
KAILKOAD STOCKS AlfD BONDS.
1808.1
•S
Sab»cribers vriU confer a creac ra-v«r ky clv^ac latatedftate aoCle« of aay error dIac-OTered la chc«e Takles.
RAILROADS.
Mfles
For expluutlan of eolmnn beadlagB, A&,aeeiiote» of
Boad.
on first page of bi
f M
125
274
61
Kmn. Citw Butmiam BeU—lft mart, for 91.000.000
gold
.C
fan. CUy #h«iirfif«e ^ .V. «-.— lstniOTt..jn>ld....e'
iKt mortgage, gsM, gaat.t
Kan. Cftr i B ea
Buiiliwwt U ua lgjBnlea I. A' A B
Jfaamqf * Jf » «ll»—lat mortgage.
faiu« Oite Wmikin* d GhIT— Ist Bort.,
. .
Ww
f
•
MaOmeCg OtaAnsl-Stock.
OoTlnctoD ALezlagtaBnartgacs, extended.
MajaiTlle * Lealng tua KB. merMage
New Bnteace. aff,000,000t
g^
Ccnturty JfidtaiU— 1st mortgage
e*
DMd»—1st mort. for 93.000,000, gold.e*
ZdBortagefw 91,300,000
Mmkmk isn M0.-eU>6k <91,534.600 la 8 p. & pf)
iBtBMatJntereetjiai—lMdly & B. I. * Pe-..
Xea/Hekv
Anm Otamiy JBcmrtni-etoek
Irtmact.. aidd, aeHes "A," KUO.OOO per mOe. .f
giyy,000,000) 9B50,000 per mile.
Sd mart
.
.e*
30
100
134
35
"m
217
80
49
220
100
100
162
ICS
14S
6
6
6
Ba^uSlL3a'~&,«»0,000>p.m.,g.,gnar.e*
3%
riiHia>iii<Jiaifc»*» l8tiLjoM.<reedem. at 105)
XiMaa. Aoik
4 £«iti»-8tock (91 .380,00 Is pref)
e*
1st aMMTtgage, gold
113
09
SdaartS^Bpld
Xar iTiwnian * Bwtrtireitens—Mortgage
e*
Zate Mria AlKnMe ^SmO.—UtM.fnll.250.000.eIne. bonds, Don-eam.. g. (red. after 1897 at 100)e*
TO
70
70
110
60
60
Data
SIsa, ot
of
Far
It.
Oeai
Yaloe.
1890 $1,000 92,600.000
1877 100 Ae.
5,000.000
1880
1,000
587,000
1890
1.000
1.000.000
1890
1,000
1.089.000
9A« 3,750.000
1888
1889
500
400,000
1887-9 1,000
826,000
1890
887,000
Too
6,907,900
1.000
185S
219,000
1876
1.000
400,000
1887
1.000
6,523/MO
1888
1890
1,000
100
100 *&
1885
1888
1890
1889
1882
'ioo
1,000
1,000
I'.OOO
1,000
100
1880
1889
1887
1887
1,000
1.000
1,000
1.000
1,000
9M,244.
—(V. 52. p. 279; V. 53, pw 186, 407, 711 ; V. 54, p. 410. 730.)
Knanas Cttr Menaphls Ac BlraalBchaaa.—Owns from Memphis
to Birmtngbam. Ala.. 253 mOes. and brandies to Aberdeen. Mi«.. and
Dui
ail. Ala., 23 nriles; total. 277 miles; eompleted In October, 1887.
TbeKaaaasCttTFOrtBeottAMempbisownshalf tbe stoek and giTes a
gnanntee
of 10 nor emt of QtMS eaminga derlred from bosiness
trafle
to aad bom this road, to be appUed to interest. Flist moruage bonds
areanlcfeettoeaUatllOandmterest. Tbe New England "nnst Oomdefleita,
wmb.
Parable:
A A.I K. T.. Central Tr. Co.
* J. Boston. 9d Hat. Bok.
A D.l
do
do
A D.!Fki]n..Ualan1tnatOB.
A J. K. T. Oilee, 2 Wan at.
A J.
U deCaolt.
A J.
In detanlt.
Vattooa
M. * K. Boston, Am. Loan * Tr.
A D. K. T„ LooisT. A NaabT
do
do
A J.
do
A J.
do
T. T.. Baring, Ma«Dan.
J. A
ran., -91, eoivJaa(pald
J. A
A. A O. N. T., 13 WnUam 8t
do
do
A. A O.
A J. S. T., Am. Ex. Xat. Bk.
A. A O. Inter'st funded till 1893
April 1
KevTork.
M. A 8.^. T., Am. Ex. Kat. Bk.
J. A J. N.T.,B.P.PIoverAOo.
A D. H.T., 59 Wall A London.
do
A O.
do
A J. K. T. Ofllee, 48 WaU St.
Konepald.
J. A J.
p.
7
6
5g.
5g.
5«-
5
7
m
l'.obo
For 1890-91 tbete was also a deficit on tbe Current Hirer RB. of
926.917, on tbe Kansas Citr ClinUm A Sprinzfield RR. of 937,297; total
snch
DfTEREST OR DIVlDEXDe.
P^WbenDMk
Wben Wbere Payable, and bj
pec
t'-
2,500,000
800,000
4,165.000
2,750,000
4.000.000
I'"i'
1
3.25a000
5gi6
3,377.000
3.377.000
422,550
1.979,000
572,000
2,730,000
1,650,000
500,000
800,000
346,000
1,680,000
5to6
i«-
J.
J.
J.
J.
J.
J.
Ang. 1, I99»
Jan. 1, 1907
Jnne l. 192»
1920
Jan. 1, 199»
Jan. 1, 1998
JulTl, 199*
1W2-1900
1920
1896
Jnir
1,
1997
JnlT 1, 1938
Jolj S, 199»
Get.
1,
193»
Apr. 1, 1898
Jan. 1. 199»
Apr. 1. 1999
Apr.
Meb.
1,
1,
190»
1928
Jan. 1, 1919
Jane
1,
Oct.
1.
19SS
1919
1929
Jan.
Jan.
1,
1,
1917
1917
The Kentoekr Central RB. was soldtn foreclosore April 23, 1887. and
tbe present eompanr organiied witb stoek of 97,000,000 (96.907.300
issued); par 9100. In December, 1890. tlie LooisrfDe A Naahrffle aeonlred 'Uia stock (See Y. 51, p. 876; Y. 52, p. 939), aiwnmlnr eontrol
Feb. 1.1891. See abstract of morteage (Metropolitan Trost Co. of New
York, tmstee), Y. 45, p. 373. The Marsrilie Dirislon is leased for
928.000 per rear, but Oe stoA is an owned.
In 1889. gross earnings were 91.063.815 ; net. 9481,978 ; sarplns orer
(Y. 48. p. 489:
charges, fM^iOl. In 1890 gross about 91.135,000
V. 50. p. 421; Y. 51. p. 875. 939.)
mdlaB^—
Owns road Frankfort. Ky., to Paris, Kr.
KcBtaekr
panriacnisteenndertliemortgage;al)etraet,y. 46.P. 575. InSeptera- 40 mile.«: completed in 1 890. Extensions prqieeted. Stock anthorized .
ber, 1891. holdeca of the oompanr's first mortgage bonds were asked to 91,250.000.
ftand five eoapwiB beginning September 1 into lO-year 6 per cent notes.
aeenredliTtheeoiiponad^oeitedintnist. Tbe eonpons of eqoipment
Keatneky ITaloB.—Owns from Lexington. Ky.. to Jackson. Ky..
Iwnds wfllbejMidlneastaashetetofiore. Bee fall explanation in V. 53, alMOt 100 mUes; completed to Inrerness in IDBO, and to Jackson in
p. 325. Tbe Hrmlnj^iam and MempbiseqiilpmentlMnids are both gnar- Jnir, 1891.
In February, 1891, Mr. H. P. Kean. of New York, was
anteed by this Co., and are redeemable on 60 dars' notice at 110 and appointed reeeirer, and in April. 1891, he was granted permission to
interest.
eompleto the roadto Jaekson. 3maee, andto issuereeeirer'seertiSaatoa
Prom Jnir 1 to UarA 31, 1898 (9 months), groes earnings wen fbr 9125,000. See Y. 52. p. 642.
|»45Jil6. against 9928,568 in 1890-91: net. 922^530, agaJnrt 9223,
Capital stoA issimd. 95.000.000 (par, 9100), of whieh tta eoanties of
18: intaran^ rentals. Ac. 9327.937 against 9320,090; defldt, 9103.407, CSaik and Payette and city of Lexington snbserlbed 9300,000. The
agnlnstder.ot906,372. In lS9fr91 gross eardngswere91,192.165: net, first mortpigeeoraB road and eqnipment. The bonds were goaranteed
1030,917; net, adding tnUBo gnanuitr. 9251.040; charges. 9427.105; prtneinal and interest by the Kentoekr Union Land Co., wiiieh lias a
Arteit, 9176,065. In 188940 grass eanings. 91,209.733: net. ^424.965; eaiMal of 95,600,0(X),wfmoat mortgage debt. There are also car tmsto
net, adding traflte go^ran^ (^4,697). eto.. 9450.103; surplus over ootstanding, iiayable at the Atlantic Trust CXimpany. (Y. 50, p. 519.
charges. 919.761. Stock. 95.956.000; par. 9100.—<V. 50, p. 275; T.53, 770; Y. 52, p. 203, 279, 427, 642.)
p. 39; V. 53. p. 186, 239. 325.)
Kansas Citr »Tada dc Fort $inttlL.^Operates road Kansas Keoknk tt Des nolnea.—Owns from Keoknk, la., to Des Molnea,
Citr to Amoret, 72 milea. Extension to Fort Smith projected, and la., 162 miles. Leased for 45 years from October 1, 1878, to tlie (Chicago
Rock Island A Pacific Bailraad, the lessee to par 2S per eent of the
stodc to tie increased from 9800.000 to $2,000,000.
City Ac Paciflc—Une of road. Paola to BtcTens, 130 gross earnings, Irat guarantees the Interest (not the principal] on tb»
Ptams part of tlie Mlsaomi Kansas A Texas main line to Kansas preaentbonda. Tbe stock is 91.524.600 8 per cent preferred and f2.64(^Cttr, haTtng been leased to that eompanr for 999 rears fromAngnstl, 400 common (par of both 9100), a in^)oritr of whidi is held brthelessaa
lino. Thelenee gnaiantees br endorsement tbe interest on tlie new 4
Keokak Weaterm.—Owns Alsxaadrla, Mo., to Yan Wert, la.,*
If pilar to Anxnst 1, 1895. 30 per cent, and there- 14Smilee; operates Keokuk to Alexandria, 5 miles ; was fonneriy tha
yer cent funds,
after 33 per cent, of tbe gross earnings sliaU exceed the interest on the Missoarl Iowa A Nebraska, part of the Wabash system sold in foredosbesidB, taxes and eorporate expenses, the amonnt of such exeeas (an nre August 19. 1886. and reorganised under this title. Stock. 94,000,adraaees tr Hissaoii Kamas A Texas baTing l>een settled) is to be pidd 000; par. 9100. A 6 per cent note for 9210.000, secured by mortgage,
totte KaAasOtr A Faeille. See T. 51. n. 457. 8to<^ is 92.500.000, paraide at win. is outstanding. Diridends: In 18SS. 1 per cent; la
•twUeb 91.725.000 toowned brM. K. AT. (V. 51, v- 457,494.)
1891. Aprfl. 1; Oct. 1; in 1892. April. 1 per cent.
Prom Jan. t to Mar. 31. 1892. (3 month<i. ktoss earnings 9105,178,
K-««-p» City St. f•aeph Coaaetl BlBab.^-Owns from Kansas CItT to Oooncil Blnft, 197 miles, )>ranehes 58 miles, proprietary against 993,278 in 1891 ; net, 94.5.930. azain-si $42.'j29. In 1891 groaa,
lines (Noda war YaL and TarUa TaL RRs.). 61 miles : toUl operated. 316 earntniVB were 9414.274; net, 9I60.65R: interest. $13..516: taxes. 914,nOes. Tbe capital sto<^ of 95.262.600 was porcbased by tbe C!hicago 314; eanstiuetion and equipment. 91 2.742: dividends. ^SO.OOO: balance.
Bnrltngton A Qidner in 1880. and tbe road is operated as part of that 940,086l In 1890 gross, 9871,674; net earnings. $141,433. O. H.
system. In 1890 gross earnings were 91.863.021 ; net. ^596,327; Candee. 52 WnUam Street, N. Y., Yle«-Presidenu ~( V. 54, p. £24.)
nrplns orer fixed dbargee, 9183,031 paid dirideads, 9161,577.
KiBSa Conntr KIcraled.—Owns road in operation tliroagh
Kaaaaa City Sakarfeaa Belt.—This road extends from Second Pulton
Street, Brooklyn, to former citr line. 6-14 miles leases Fulton
Btreet and BroadwaranMmd Kansas Citr, ria tlie East Bottoms and Elerated, in operation from former dty limits to easterly line of
the raltaraCtte Bine and Brash Creek. It prorldes terminal taeUitieB Hehwick Arenue, 1% mUes (total track 3\ miles), projected to Jamaica,
forlherallraadaeenteringat Kansas C3tr, and forniahes qoiek transit 1% mOee adiBttonaL Stock anthorized and ontstandinf, 93,250,000.
troa tte maaataetmtlng sntxnlM along the Blaa TaUer. Stoek, vmr 9100. Interest on the second mortgage lionds for 1«»0, 1891 and
91.S00,00O-par91Oa A. E. StUwen, President, Kansas Ctty. Mol
1892 Is funded Into lO-year debenture sertn. This scrip l eeel iea 1 per
SmU.—fStt Ifap.j—CamHietai in 1892 cent Interest tin AprU 1. 1891, then 3 per cent tm Apcfll. 1893, then 5
CI«T ITatkiaa
from Lake Chanes, La., MHthertT to Alexandria. IOO mllBS. Snrvered pcreeBttfflApral, 1893. and thereafter 6 per emit rearty. Ofttaelst
90 milea nailh iiesietly ttnm Alezaadria and also pnimUA tnm mortgage bonds 921)0,000 are Ss: tznstee is Ifereantue Trust (Tompany
soatiMn teimlnna to nilarlf Paaa oa GnU of Meneo. 2S miles. of New Tock. fOae abstract of first mortgage in Y. 49, p. 237.) Tbo
9ee T. 54, p. 761. At Alexandria nadwffleaanaet with HooBton Cent Pulton Elerated Bailroad is leased for 99 years, and its bonds gnaouaIk MorUwrn, making thraogh Una to St. Lonis and points teed. principal and Interest.
per mOe, bnt this mar be
BorO. Bonds issued at
n increased to July 1 to Dee. 31, 1891, groaa earnings 9418,533, against 9378,544£
920.000 for fntare reqaircaaaato.L Stoc*
8to(* anOoriaed.
910.000,00&-par neMn41.998, agsC 9103,W9; surplus orer abiu^{ee, 941,648, agbnrt.
dTwo,
u,Fiealdea^IKo. 2 WaU Street, New York. (V. M,
In year ending June 30, 1891, gross earnings were 9811,069; B«C
p. 525, 761.)
Wamaaa CUT 'Wraadotte Ac Karthweatens.—Boad ft<am 9240,528; interest on bonds, 9177. <93 other liaarest,98.7<»; r—
Kansaa Cttr to Beatrice, Neb., 175 mfles, of which Semeea to Axtell. 10 Ac,^72S: sm^Bsfar year, 951.298. In 1889-90 groaa,
7~
mOea and Virginia to Beatriee, 14 miles are leased. Owns branches President. Jamea Jooidan. (Y. 48. p. 855: Y. 48, p. 22.
to Lea tenwortb. etc.. 17 miles. T rases TOnganoTle to CkrtMndale. 43 51, p. 457: Y. 52, pi 391: Y. 53, p. 256, 754; V. 54, p. 204.)
nrilea. Total operated. 235 milea.
KlBgatoB Penabroke.—Owns from Kingston, Ontario, Can» to
Mr. Newman Erb was appointed reeeirer in 189a On Jane IS, 1891. Benfrew on tbe rs.n«Hi.» pacific Railroad. 104 miles; braaeiias,9 miiaa;
adoCTeeof foreetosnre was ealered. bat aale has not beea ordered. and total 113 mUes. Bonds are redeemable on aotiee at 105. Bavort fiv
mar be delared. Ptrst mortgage bonds are being deposited with the 1889 in Y. 50, p. 390. Stock, 94,500,000; par,
Groaa aaiata
Ontral Trnst Companr of New York, nnder an agreement between tlie 1890, 9178364; net, 944.435
sorplna abora ehantea. 98365.
London eommittee. dated April 22. 1391. and Prederie P. Oleott, 1889. groaa, 9183375: net. «43,3e3: aoirtaa orer interest, 914,048.
Henry Bodge and Andrew Haes. In Jane. 1890, a large intecest in BeefnnstatementinY. 44,p. 402. (Y. 48. Pk SS9; Y. 50, pt 990.)
KBoxrUIe CnBSkerlaBd Gap LoBlarine.—Knoxr1Ile,Tnin.,
with tnimel at Cumberland Gap, to a eonneetlon with tlie Looisnile A
gross earnings were 9114.265, against 994J42 in 1891. Nashrme at Middlwboro, a distance of 74 mUes; branches. 7 milea.
lar rear 1891 gross earnings were 9320,506: deficit tinder It tanm with the Marietto A Norfli Georgia a direct Une. opened
Angnat, 1890, to Atlanta. Oa. The mortnge Is for 91.500.000«b 78
eapaasaa. 935.6ai£ (Y. 52. p. 831,939; Y. 53, p. 880.)
mties and provides for the Issue of tSOOjOOO addlttonal at «lS^Op p«r
Caarmer Sc Blarck Hills.—Owns road from Kaamer to Oallawar, mOe
Cor nrtnaslnnn The City of Knoxrille snbaertbed to 9225,000
in
iab.,99milea; opmed
ISOO. Belongs to Dnion PaeOe
Common. 91,575.000; pretaned. 9138%stoA. Stock anthorized
Gaatral
all wray.—Owns from Oorlnsrton, Kr.,to 000; par. 9100; paid in 92.730,000. (Y. 48. pt 4S0; Y. 51, p. 345.>
'
*
ud
A
;
:
»~~«
*
:
*
^a
:
A
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three miles leased), 148 miles; Pari* to Lexiuton. 19
total owned. 217 milas;
, to Marsrilla. Kr.. 49 mOes;
i to Bowlaad (Lonisrllle A NashrHIe). 34 miles; BoondstanetoUTlngston,3miles; total operated, 254 mUes.
"I
:
New York olBee. S9WaU Street.
8*afliwaa*erB.-^jM!kawimia Jimetton. N««
I.ackawBiuBa
York, to PeriiiiMTina, 41 mBea; Homellsrllle to Waylaod. 11 milea(
*
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MAP OF THE
KANSAS
WATKINS
>-n
Newport
*^ c^
ColurrtbiaS
rH=^/^.t^i»
"^
/
en
\
\
Tiinpson
Mountain
,
o Rochester
\L o Coushatta
r
4,
Bermuaa.or^r'^^LoaanSDorl7\.
XI n,r„„A
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(
Pine Ridgto
^'^^^i^.^
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(Grand
Keijchiei'
Woods
Ji\
A r^cA,
Baldv
I
inklUL'
Mat, 1^2
RAILROAD STOCKS AND BONDS.
J
8nte»criber» will confer a great favor by glTlnt
EAILROAD8.
^OT explanation
of columu headings,
tlrHt pa^o of tables.
Jio.,
Miles
of
Bee notes
pn
Road.
Lake Erie d WeMem—Com.
M
UKirt. (for iJ^'.i.'i.OOO.OOO),
KoAri.S— OWNKI)
I'HOI'UrKtARV
do
05
88
258
8«4
804
oAr
WHOLLY By L AKK
©etroH Mourn* Toledo lat mortKaKP, (?"'"'•Kalamazo & White Pigeon Ist mort., guar
o
guar. (see M.Cen.)
& 8t. I* 1st mort., g., p. .6 t. guar.
DKUT 01-i.KA8i:D KOADS— ISTKHEST PAID AS
Kal. Allegan & Gr. Rapids stock, 6 p. 0. guar..
l8t mortgage, guaranteed
o
.Jamestown & Franklin (leased) Ist mortgage
o
2d mortgage
c
Mahoning coal stock
Preferred stock, guaramteed 5 per cent
l8t M., Youngs, to And., etc., guar. p.&l.(end).c
Xjeaf. Top. A S. IF.— l8tltt.,iaguar.byAt.&>3l)yUu.P.
ifA hlh it Hudson River— l«t M.,g.,lnt.rod'c'd to 5p.o.
l»tM.,g.,p.*
1.
•
R
43
43
46
41
63
22
2d Miort^cage
Warwick Valley Ist & 2d Ms, ($240,000 2d8,X912)
Wawayauda KR. bonds
I.eh. & Uud. River Con.M.for$3,000,000,gold..c'
'hetiiyh
(£
Lackawanna—1st mortgage
8
1884
1882
1881
1887
79-'81
1880
63" 1890
25 1877
c
1,000
1,000
7,2.'50,OOO
100
100
49,466,.'>00
]„500,000
533,.500
1.000
1867
1868 500 Ac,
1869
1,000
1870
1,000
1873
1,000
HORK.
1876
1,000
1890
1,000
1880
1880
62
37
41
29
KNT A L.
58
58 1888
51 1863
51 1869
43
<fe
&
(Bat. Cr.
.Stur.
Stiirgis Goshen
1887
1891
.<t<)ck
o
Clev. I'jiinesville it A.'*!!. UK. 3d mortgage
muflalo A- Kric 1st m. (Bufl'iilo,N.Y.,ti) Erie, Pa.).
to
Toledo,
O.)
(BiitfaUi
iLako bUure dlv. l)ond«
Couwil. iMt mort.nink.fumi :j;2r>o,000 yearly. 04r
'Consol.
$100 $11,840,000
100 11,840,000 See rem.
f28
725
725
725
Block, $20,000 per iniU
Pref. Btouk, (i per c<^nt (not cum.) ($20,00<) p. m).
o*
iHt mortKiittc, ($1(),00() per mile) kdIiI
2d mort., for *;i, 1)2.5,000 (.S.'),000 per iiiUo) gold.o
Lake ahorc <f Mivh if/ftn Sottthfrn—Htotiii
Guaranteeil 10 per cent
IMMiedUte notice of any error dUcoTered In thcue Tables.
Botuls — PHnolINTEREST OR DIVIDENDS.
Date Slz^j »r
pal.Wlien Due.
Amount Rate
of
Par
per
When
Where
Pa;^
Paya
able,
and
by
SUKkn—ljmt
Bonds Value. Outstanding Cent. Payable
Whoom.
Dividend.
509,000
2,7.'>6,000
1 ,35.'>,000
1.'5,070,000
24,692,000
924,000
400,000
79,000
322,000
100
610,000
840,000
298,000
500.000
1,000
1,000
1,000
50
50
1,500,000
661,850
1 ,500,000
1,380,000
800,000
1,000
1,000
1,000
1,000
l',0()0
208,320
385,000
65,000
569,000
1,000
100,00()
500 &0.
Olean to Angelica, narrow gauge, 38 miles; total, 90 miles. In April,
1889, the Lackawanna & Pltt8l)urg Road was sold in foreclosure aud
reorganized. Litigation in progress, and pending a decision of the
ccourts tlie only portion of tlie road in operation is that between
Hornollsville ami Waylaiul, which is operated as tlie Rochester Hornollsvillo
Lackawanna Railroad, witli Mitchell 8. Blair for receiver;
and that portion between Bolivar and Olean, which is called the Lackaiwanua & Pittsburg Railroad, of which George D. Chapman is receiver.
Stock. $2,800,000; par $100.— (V. 48, p. 688.)
Lake iJrle Alliance Soutlieni.— Owned from Bergholz, O., to
Phalanx, O., 61 miles. Sold in foreclosure December, 1886, and reorganized, and again sold in foreclosure in Januai-y, 1891. It Is proposed
to extend the road east and north to Falri)(>rt, on Lake Erie. Stock
Is $--',000,000; par, $100.
There are $1.50,000 Alliance & Lake Erie
bonds on roiid from Plialanx to Alliance, 21 miles. In July, 1891, tlie
Alliance A Northern RR. Company was incorporated, embracing that
portion of the Lake Erie Alliance A Southern Railway between Alii
ance aud Phalanx, Oliio. Jan. 1 to Mar. 31, 1892, gross earnings,
$19,815, against $16,770 in 1891; net earnings, $5,387, against
«1,806. In 1891 gross, $75,087; net, $14,141. In 1890 gross, $68,
O08; net. $11,762. (V. 52, p. 164; V. 53, p. 58.)
Lake Erie Sc Wcntern Kallroad.— ^ .See Jfctp.;—Owns from Sandusky, 0.,to Peoria, 111., 420 miles, and l)rauch to Minster, 108 miles,
aud from Indianapolis to Micliigan City, 162 miles also Fort Wayne to
Counorsvllle and brancii to Rusliville, 13,'l miles; total, 725 miles.
Company formed in 1887 after foreclosure (on December 14, 1886,)
of the Lake Erie & Western Railway. In March, 1887 purchased tlio
Indianapolis Peru & Chicago Road, 102 miles, and in June, 1890, acauired tue Fort Wayne Cincinnati A Louisville. (See Chhoniclk, V.
50, p. 590.) The terminals at Inilianapolis, Peoria, Fort Wayne and
New Castie are operated partly under lease. Tliis company proposes to
build ttte Indianapolis A Northwestern from Muncie to a point on tlie
Indianapolis Division, to make a direct line from Sandusky to Indianapolis. See V. 52, p. 497.
Abstract of tirst mortgage (Central Trust Company and A. L. Mason,
trustees), in V. 46, p. 45.
In June, 1890, it was voted to authorize $3,625,000 of 2d mortgage
bonds ($5,000 per mile) of which $1,500,000 have been Issued. The
trustees of this mortgage are Cent. Trust Co. of N. Y. and Robt. C. Bell of
Ind. FuU abstract of second mortgage was In V. 54, p. 444.
Dividends on preferred stock— In 1890,4 per cent; in 1891, 4; In
1892, Feb., 1 per cent; May, II4.
Price of coumiou stock since reorganization— In 1887, 13®24ia; In
1888, 12ia'ail9i8; in 1889, 16®2038; in 1890, lOia^lO^e; in 1891,
12ia®24i9; in 1892, to May 20 inclusive, 20J4®27%.
Price of preferred— In 1887, 39%®61 ; in 1888, 40i4-a>55''8 In 1889,
6138SCt)H; in 1890, 44®68; In 1891, 53®70; In 1892, to May 20, Inclusive, 09140180.
From January 1 to Mar. 31 (3 nmnths). In 1892, gross earnings were
$824,079 against $732,287 In 1891; net, $343,674, against $317,990.
The annual report for 1891 was In V. 54, p. 559. The following Inoludes the Fort Wayne Cincinnati A Louisville.
1889.
1890.
1891.
Gross earnings
$2,839,278
$3,074,438
$3,273,355
<!(:
&
;
a— P.
A J,
&
F.
A
31a
5
F. A
A. A
7
7
A. A
7
A. A
See rem
7
7
J. A D,
F. A A.
7
J. A J.
3 g. J. A D.
3g. J. A D.
6 per an.
A O.
5
A J.
7
A J.
7
A D.
A A.
51a
5 per an.
A J.
f>g.
N. Y. Office, 80 Br'dway May 16, 1892
N. Y., Chase Nat. Bank. Jan. I, 1937
J.
J.
do
A
&
5
A
A
A
'7'-
Office.
do
do
Coupons are paid
by Treasurer at
Grand Central
Now
Depot,
July
Feb,
Feb.
Oct.
1,
I,
1,
1,
Apr.
Apr.
July
Dec.
1,
1.
1,
York,
Aug.
anu registered interest l>y Union
Trust Company.
Jan.
Dec.
Doe.
Apr.
July
1,
1941
1892
1892
1892
189S
1899
1900
1903
1,
1,
1006
1940
1989
1989
1,
1.
1893
1938
1,
1,
Var. loJMy.'97
N. Y.. Gr'd
5
6
6
do
N.Y.,0 rand Cent.
J.
June
Cent Stat'n. Feb.
Union Trust Co.
do
do
N. Y.,
Jan.
July
Boston, Am.I.'n ATr.Co. July
N. Y., Nat. Exch. Bank. July
do
do
July
do
O.
1,
1,
1,
1,
1,
1,
1,
A
1900
do
J.
J.
N. Y., Nat. Exch. Bank.
D. Phlla.,Fid.I.A8.Dep.Co.
1894
1H92
1892
1934
1913
1911
1917
1912
1900
July 1, 1920
Dec. 1, 1907
Dividends on common stock since 1876; in 1877, 2; In 1878,4; la
1879, 61a; in 1880, 1881, 1882 and 1883, 8 per ceut each year. In 1884,
1885 and 1886, nil; In 1887 aud 1888, 4 per cent; In 1889, 5; In
1890, 5; In 1891, 6ia; In 1892, Felt., 2ia and I extra.
Mahoning Coal common stock paid in 1889 4% per cent; In 1890, 5;
in Felmiary, 1891, 413; in 1892, Feb., 513.
Price ok 8TocK.—Inl880, 95®139S8; in 1881, 11258l353»; in 1882,98
312018; in 1883, 92%®114Tb; in 1884, .59iaai04%; In 1885, SO^aSOTg;
in 1886, 7018® lOO^s; in 1887,89998%; in 1888, 85i4®104V. in 1889,
99%®108ia; in 1890. 101'a>114i8; in 1891, I05iaxa>127; in 1892, to
7; in
May
J.
20, inclusive, 120®140ia.
Interest ou the consolidated first
A J., on registered liouds Q. J.
The
—
mortgage
is
paid on coupon bonds
consolidated mortgage bonds are redeemed each year by
$250,000 c.ontril)uted to the sinking fund. The above bonds of aU
classes outstanding are given less tlie amounts held In the sinking
funds, which amounted to $5,250,000 Dec. 31, 1891.
tirst
Ac—
Operations, Finances,
The road Is greatly dependent ou
througii trallic, or trallic fi'om competitive iioints.
Notliing has Iicen charged to construction or equipment account since
1883, the outlays tlierofor charged to oper;iting expenses amounting in
1891 to $1,330,000, this being exclusive of expenditures for renewals.
The report for tlie quarter cuding March 31, the tirst quarter of the
fiscal year, is as follows.
(V. 54, p. 815).
-—Quarter ending Mar. 31.^
1891.
1892.
Gross earnings
Operating expenses
$4,750,633
3,215,528
$5,52k,062
3.941,265
Net earnings
Other income
$1,535,105
104,025
$1,586,797
102,857
$1,6.39,730
$1,689,654
1,067,357
Total
Interest, rentals
and taxes
Surplus
1,069,125
$570,605
.•
The annual report for 1891 was published
in V. 54, p. 760.
$622,297
See also
V. 54, p. 742.
OPERATIONS AND riSCAL BE8CLT8.
1890.
1891.
1888.
1889.
Miles operated
1,445
1,342
1,410
Total gross earnings $18,029,627 $19,487,196 $20,865,760 $21,431,385
Oper. exp. A taxes. 11,310,371 12,847,452 14,220,481 14,632,675
;
Netearuings
Deduct —
Interest on bonds
Taxes aud rentals
DlTldends
$1,116,249
303,000
139,320
(1%)118,400
$1,275,656
$1,447,897
332,750
146,503
303,771
155,068
(4%) 473,600
(4%)473,()00
Balance, surplus
$555,519
$322,803
$455,479
441,201
223,256
216,509
Calvin S. Brice, New York, President.- (V. 52, p. 497 V. 53, 407,
668, 004, 712; V. 54, p. 443, 444, 559.)
Lake Shore & ITIIchlsan Southern.— CSee Map Xew York Central d: Hudson Aicff.;— Owns from Butl'alo, N. Y., to Chicago, 111., 540
miles; branches, 319 miles; total owned, 859 miles. Proprietary lines
(entire stock owned) Detroit A Cliicago, 68 miles; Detroit Monroe A
Toledo, 62 miles Kalamazoo A White Pigeon, 37 miles; Nortlicrn Central (Mich.), 61 miles; Sturgis Goshen A St. Louis Ac, 36 miles;
total, 263 miles. Leases Kalanjazoo Allegan A Grand Rapids, 58 miles;
James wn A Franklin, 51 miles; Mahoning Coal KR., Youngstowu to
Andovcr, O., and brandies, 50 miles; Detroit HiiisboroA Soutliwestern,
65 miles; Fort Wayne A Jackson, 98 miles; total, 322 miles. Total road
owned, leased and operated Jan. 1, 1892, 1,445 miles.
Okoanization, Ac—This company was a cousoiidation of tbe^ Lake
Shore RK. and Micliigan Southern A Northern Indiana RR., May 27,
1869, and the Bnrtalo A Erie RR., August 16, 1869. The Mahoning
Coal RR. Is leased in perpetuity at 40 jier cent of gross earnings, and
Its preferred stock and bonds guaranteed; Lake Shore owns $865,900
betterments
;
;
of its common anil .$399,500 of its preferred stock. The N. Y. Cliic. A
St. Louis (Nickei I'iate) road lias lieen controlled by ownersliip of
•stock since 1HH2, Lake Shore now owning $<>,210,00<) of its cimniiou,
jf6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock.
Tlic company owns also (liesides the entire stock of tlie proprietary
lines) $2,000,500 Pittsliurg A Lake Eric stock and $169,100 common
.and $774,400 preferred Cleveland Lorain A Wheeling.
Stocks and Bonds.— The stock has remained at $50,000,000 since
SI871. The ^larauteed stock of $533,500 carries 10 per cent dividends.
Net earnings.... $6,719,256 $6,639,744
65-93
62-73
P.c.ofop.ex.toear'gs
$6,645,279
68-15
$6,798,710
1890.
1891.
$7,254,333
INCOME account.
Receipts—
Net.i«cl. oth.inc'me
lHst)H rsements
—
Rentalspaid
Interest on debt
Divid'son guar.
1889.
$7,022,285
$7,144,037
$517,418
$507,645
$564,419
3,2.57,515
3,-.i45,015
3,225,7-23
)
53,350
.53,3.50
53,350
J
s'k.
Total disb'sem'ts
Suriilus for dividend
Dividends
1888.
$6,939,148
$3,828,283
3,110,865
$3,806,010 $3,843,492
3,216,'275
3,300,.545
$557,153
„„-__„«
^.''o<,/.u
$3,814,873
3,439,400
(5)2,473,325 (5)2,473,325 (6)2,967,990 (6)-2,967,990
$637,540
Surplus
$742,950
$332,555
$471,450
— (V. .50, p. 314. 659, 703, 736, 904;
V. 51, p. 240, 747, 909; V. 52. p.
280, 321, T 16, 761, 796, 973; V. 53, p. 289, 793, 908; V. 54, p. 367, 74-2,
760,845.)
&
S. TT.— Owns from Leavenworth to
Leavenworth Topcka
Merideu Junction, In Kansas, 47 miles. Operated as part of the St.
Joseph A Grand Island Divi.slon of the Union Pacitic, its stock ($1,380,000) being owned one-half each by Union Pacillc aud Atchison
Topeka A Santa Fe. Of the bonds $690,000 are guaranteed by L'niim
Pacillc, the balance by Atchison. Accounts payable were $866,877
Jan. 1, 1892. In 1891 gross $30,164; dcticit from operating, $43,149
(against $53,035 In 1890) delicit under charges, $105,857, against
$118,507 in 1890.
;
Hudson
River.—Owns from Oreycourt, on Erie Road
Leblsli ic
Proprietary line— Hudson Junction to
to Belviderc, N. J., 63 miles.
Maybrook, N. Y., on line to the Pouglikeepsie Bridge, 1 1 miles trackage Pennsylvania RR., Belviderc to Phillipsbnrg, 13 miles; other mileIn August, 1888, tlie Central
age, 3 miles; total operated, 90 miles.
of New Jerse.i purchased about one-third the company's stock, and
Navigation Co., controls
this, with the stock held liy the Lehigh Coal
tlie road; 6 per cent car trust.x, $40,000. Stock, $1,340,000; par, $lO0.
The general mortgage for $3,(K>0,0()0, (trustee. Central Trust Company
of New York), covers the stock of the proprietary line, and $l,75o,000
bonds are reserved for prior bonds when due.
From July 1, 1891, to Mar. 31, 18!I2 (9 mouths), gross earnings were
$290,773. against $289,379 in 1890-1 ; net, $137,889, agat $99,492.
;
A
For the half-year ending Deo. 31, 1891, net earnings $94,826, against
.
M
INVESTORS' SUPPLEMENT.
•8
Sabscrtbers
ivlll
fVou LIV.
confer a great favor by giving immediate notice of any error discovered in theae Table*.
KAILROADS.
Miles
of
of column lieadingB, &c., see notes
Eoad.
on Urst page of tables.
For explanation
ZeKigh Talley—Btock ($106,300 is 10 p.
iBt mortgage, coupon ana registered
2d mortgage
o.
Date
Size, or
of
Par
Bonds Value.
r
—
Renewal moilgage
c
101
101
285
285
285
"25
105
105
105
60
"52
12
"2
1,000
1868
1870
1,000
1873
1,000
1873
1,000
1873
1,000
1890
1,000
1891
1,000
1866
1,000
1866
1,000
1888
1,000
1880
1,000
1892
1,000
1886
1,000
1891 100 (fee.
52
50
1864-8
84
1882
1,000
1,000
i'35
1887
1,600
5,000,000
6,000,000
1,916,000
11,490,000
5,739,000
11,300,000
10,000,000
1,500,000
1,500,000
7,000,000
6,000,000
1,200,000
516,000
250,000
4,943,100
525,000
1,500,000
mortgage, gold
o'
2d mortgage
c*
Consol. M. g. ($1,390,000 reBerv'dforprIorb'ds)c*
General mortgage, gold
c*
Metropolitan t"eny Co.l8tmort.,gold,red. at 110.
L. I. ER. mort. on ferry for $2,750,000, gold...c*
New Y'orli & Flushing 1st mortgage, assumed
Brooklyn & Montauk Ist M., $250,000 are 6s.. .C
Second moilgage, gold, assumed
c'
Ijong Island City & Flusliing Ist M,. assumed. .0*
Consol. mortgage, gold, assumedc'
94
158
180
180
2
76
76
23
23
1868
1878 100 &c,
1881
1,000
1888
1,000
1887 500 &c.
1892
1,000
1880
1,000
1881
1,000
1888
1,000
1881
1,000
1887
1,000
$68,202; interest, rentals and taxes, $07,600, against $54,265; surplus,
$27,226, against $13,997. (V. 54, p. 289.)
In year ending June 30, 1891, gross earnings were $381,703; net,
$143,436; interest on debt, $111,143; surplus, $33,704. Grinnell
Burt, President, 80 Broadway, N. Y. City. (V. 50, p. 353; V. 51, p.
494, 715, 787, 908; V. 52, p. 280, 762; V. 53, p. 714, 879; V. 54, p. 289.)
Ijelilgli & I<aeliaTvanna.— Owns from Bethlehem, Pa., to Wind
Gap, Pa., 25 miles; thence, in connection witli the Wind Gap & Delato Saylorsburg and Bangor, Pa., 15 miles. Opened in
1867. Capital stock, $370,500; par, .$50. Gross earnings in 1890,
net,
$70,536
$8,867. In 1889, gross, $68,700.
Iicliigli Valley.— CSee Map)—ilalu line, Newark, N. J., to BuiTalo,
N. Y., 443 miles branches to Audenried, Tomliicken, Hazleton.
Ac, 450 miles Southern Central RR., 114 miles State Line & Sullivan
RR., 24 miles. Total system, November 30, 1891, 1,031 miles; second
track, 337 miles.
Trackage: Pennsylvania Railroad, 50 miles;
New York Central, 15 miles; Erie, 188 miles; Cential of New Jersey,
21 miles. Company expects to own a through line from New York to
Buffalo by June 1, 1892. (See V. 50, p. 834.) In September, 1891, the
Lehigh Valley Terminal E'y Co. was formed by consolidation of several controlled properties and the mortgage for $10,000,000 created.
In 1892 the Lehigli Valley and the Central RR. of New Jersey bocame parts of the Pliiladelpliia & Reading system, thus bringing under
one management a large portion of the anthracite coal production of
the conntry. The Lehfgh Valley is leased to the Reading for 999 years
from Dec. 1, 1890, the Reading guaranteeing 7 per cent on the stock
and agreciue to turn over to this company one-half the surplus earnings above tlie guaranteed dividends up to 10 per cent, after whicli tlie
Reading retains all proUts. The Reading has deposited with Messrs.
ware Railroad,
;
;
;
;
J.
|S- A.
J.
J.
7
4&
5
A.
M.
5
J.
J.
J.
&
&
&
&
&
&
&
&
&
Q.—
5g. M.
&
O.
do
do
Dividend.
Apr. 16, 1892
June
1,
Sept. 1,
1898
1910
1941
1896
1906
1939
Apr.
1920
Jan. 1, 1932
Jan. 1, 1916
July 1, 1921
Mar. 15,1892
1894-1898
Nov. 2, 1913
Oct.
O. Phila., Lehigh Val.
EE.
N. Phila., Of ., 228 So. 3d St.
J
do
do
J
N. Y., Am. Ex. Bk.
J. N. Y., Metropolitan Tr.
Clnn.,Ottice, lstNat.Bk.
B.
J.
N. Y., Central Trust Co. Sept.
Jan.
IH
&
/Stocfcs— Last
D. Phila., Bk. N. America. June
D.
do
do
June
& J Phila., Of., 410 Walnut
Q.-F. N. Y., Corbin Bank'g Co.
M. & N
do
do
7
F. & A.
do
7
do
Q.-.
do
do
do
J. & D.
do
do
do
5 g- M. & N.
4l2g. M. & 8.
do
do
M. & S.
do
6
do
do
do
5&6g. M. & 8,
J. & D.
do
do
do
I'- M. & N
do
do
do
5g. M. & N.
31a
pal.When Due,
Deo. 1, 1897
Dec. 1, 1923
Irredeemable
J. N.Y.,Merch.N.Bk.&Ph. July 1, 1940
Various
do
do
M. & N. N. Y., Bank of America.
6
5
7
3,250,000
2,487,850
12,000,000
1,121,000
268,703
3,610,000
3,000,000
1,250,000
1,500,000
125,000
1,000,000
600,000
600,000
650,000
50
50
500
28
iMng Island— 8toc^
Ist mortgage, main line
Q.-J. Phila., 228 So. Third St.
J. & D. Reg.atofflce; cp.Bk.N.A.
6
M. & 8. Phfla. Of., 228 So. 3d St.
7
6
J. & D.
do
do
41s & 6 J. & D. Eeg.at ofIice;cp.Bk.N. A.
4>s<&6 J. & D. Phila.. Of.,228 Bo. 3d St.
1»4
None
Conrertlble bonds for $3,000,000
Z/itlU Rock d- Memphis— Fiiat
Idttle Schuylkill—Stoc^
.Bo»uf«— Prlnoi
per When Where Payable, and by
Outstanding Eate
Cent.
Payable
Whom.
$50 $40,441,310
pref.)...
Con. M., sterling, g.,8.f.2 p.c.y'rly, dr'n at par.c&r
coup. andregis.. $2,901,000 are 4i29.CAr
do
annuity, $1,896,000 arc 4I2S
do
Leh Val. of N. Y., lRtM.for$15.000,000g.gii.o*Ar
Lehigh Val.Term'al l8tM.gold(guaranteed).c*&r
Pennsylvania & N. Y.— Ist M. end. l)y Leh. Val.c*
c*
Ist mortgage, endorsed by Lehigh Valley
Gen. mort.,$10,000,000, guar.prin. <Siint.(ond.)r
Easton & Amboy, Ist M.guar.Easton to P.Amhoy
Delano Land Co. bonds, gold, guar. p. <&i. (end.)..
i<(eA^«W6'«rraH.ceTre.!(.— IstM. ($10,000 p.m.),g.c*
o*
Little Falls d vodgeville.— Ist mortgage, gold
Mttle Miami— Btk. com., gu. 8 p. c. 99yr8.P.C.&8t.L.
Street con. Ist & 2a Ms. Otly. with Can. & I. ER.) .c
INTEEE8T OE DIVIDENDS.
Amount
May
May
Aug.
July
June
Nov.
Mch.
Mch.
Mch
June
May
May
1,
1,
1,
1,
1937
1892
1892
1898
1918
1931
1938
1937
1922
1920
1911
1938
1911
1937
Dodgeville.— Dodgeville,
N. Y., to Little Falls on
Stock, $250,000.
Cincinnati,
Iiittle
O., to Springfield, O., 84
miles; liranch, Xenia, O., to Dayton, O., 16 miles; leases, Columbus &
Columbus,
Ohio,
Xenla RR., Xenia, O., to
55 miles; Dayton & Western
RR., Dayton, O., to Indiana Stiite Line, 38 miles ; Ohio State Line to
Richmond, Ind., 4 miles; Cincinnati Street Connecting RR., 2 miles;
total operated, 196 mUes.
On December 1, 1869, leased to the Pittsburg Cincinnati & St. Louis
for 99 years, rcnewalile forever. The Penn,sylvanla Railroad Company
Road
is a party to the contract and guarantees its faithful execution.
is now operated by Pittsburg Cincinnati Chicago & St. Louis Railway
Company. Rental is 8 per cent on $4,943,100 and Interest on debt.
In addition to above bonds there is $100,000 6 per cent permanent
capitalized debt; interest January and July. Lessee's report for this
road shows net loss to lessee : In 1886. $468,680 ; in 1887, $298,405;
1888, $-121,355; in 1889, $385,873; in 1890, $384,451; in 1891,
$373,304. The Little Miami Co. does not admit these losses.
In January, 1890, stockholders voted to authorize the issue of $3,000,000 7 per cent bonds (to be issued to tlie lessee fi-om time to time in
payment for betterments), and also $3,000,000 stock, into which the
bond shall be convertible. Negotiations with lessee are still pending,
and no convertible bonds had been issued prior to March 15, 1891.
(V. 49, p. 300, 434, 580, 789 V. 50, p. 71, 174 V. 51, p. 51.
liittleRocli &: ITIempIils.— Owns from Little Rock, Ark., to Mississippi River, opposite Memphis, 135 miles. The Memphis & Little Rock
Road was sold in foreclosure in 1872, again in 1877 and again in 1887.
Stock,$3,250,000;par, $100. From January 1 to Aug. 31, 1891, gross
earnings were $409,916, against $336,229. For four months ending
April 30, a892, gross, $213,688, against $227,218 in 1891. In 1890
grosseamings were $621,630; net, $188,707; interest on debt, $159,500 surplus, $29,207. Rudolph Fink, President, Memphis, Tenn.
liOng Island.—Owns from Long Island City, N. Y., to Greenport,
N. Y'., iHmUes; Long Island Oty to Great Neck, 14 miles ; Bushwlck
to Sag Harbor, 98 miles
branches, 81 miles; total owned, 287 miles.
Leases Smithtown & Port Jefferson RR., 19 mUes; Stewart's RE. to
Betlipage, 14 miles
Stewart's RR. to Hempstead, 2 miles
New York
L.lttle
Falls
N. Y. Central, 12 miles.
Miami.—Owns from
m
—
;
;
Drexel, Morgan & Co. of New York $3,000,000 in securities to secure
the lease. Bee Phil. & Reading and V. 54, p. 288.)
The consolidated mortgage of 1873 (trustee. Fidelity Insurance, Trust
& S. D. Company of Phil.) is for $40,000,000, of which $12,000,000 are
reserved to retire $11,000,000 prior liens when due. Tlie bonds are
Issned In three series, of which the sterling issue, "class A," is subject to
call at par in increasmg amounts each year, $269,000 being the amount
payable in 1891. A second series is composed of the *' coupon and registered" bonds, which are not subject to call, but which prior to Nov. & Rockaway RR., 9 miles; Brooldyn & Jamaica ER. 10 miles: New York
13, 1893, may be converted at option of holders into bonds of the tlilrd Brooklyn & Manhattan Beach Railway and branches, 20 miles ; total
series, these last being annuity bonds and irredeemable, never falling leased, 74 miles. Total of all, 361 miles.
due except in case of default. AU these issues are equally secured.
The control of the company was acquired in December,
by the
The Leliigh Valley Railway Company of New York owns a road " Long Island Company," controlled by Mr. Austin Corbin1880,
and others.
which extends from Buffalo, N. Y., to Sayre, Pcnn., 283 miles double In July, 1881, the stock was increased from $3,260,700 to $10,000,track. The company's stocli is all owned by the Lehigh Valley RR., 000, and afterward in 1889 to $12,000,000 in order to absorb the
which guarantees principal and interest of the iiz per cent bonds of Brooklyn & Montauk.
1890, this guaranty being endorsed on the bonds. Trustee of mortEcgular tram service between Brooklyn and Long Island City and
gage, Girard Lite Insurance Company, Pliiladelphia. (See mortgage Boston by transfer steamers across the Sound and, via the Housaabstract V. 51, p. 114. and V. 54, p. 203.)
tonic RR. to Hawloyville, Conn., and thence via the N. Y. & N. E. to
Tlie Lehigli Valley Terminal Railway owns tlie roads from South PlainBoston went into effect September 21, 1891.
field, N. J., to Jersey City, with about 125 acres at Jersey City and a
The Central Trust Company is trustee of the general mortgage of
large water front there and other property, and its stock of $10,000,000 1888. There are also $241,700 real estate mortgage 5s to 7s.
Is owned tiy the I/CLlgh Valley RK. (See V. 53, p. 640, 880.)
The mortThe ferry mortgage for $2,750,000 covers all tiie real and personal
is
for
covering
$10,000,000,
the
road
and
terminal property; Cen- property pertaining to the company's ferries (34th Street and James
fage
rai Trust Co. of New York, trustee. The bonds are endorsed with the
Slip); $1,250,000 bonds being reserved to retire the Metropolitan Ferry
Lehigh VaUcy's guaranty of principal and interest.
Trustee Central Trust Co. See V. 54, p. 597.
The Pennsylvania & New York Canal & Railway is leased for 99 years mortgage.
Dividends since 1881— In 1882, 1; from 1883 to 1890, both inclusive,
from December 1, 1888, to Lehigh Valley, which has assumed its debt at the rate of 4 per cent per annum;
in 1891, 412; in 1892, Feb., 1>4 ;
and owns all its stock. Under its general mortgage of 1889 (trustee, May, IH.
Girard Lite Insurance Company) suiHcient bonds are reserved to take
Price of Stock— In 1883, 58®86%; in 1884, 6237814; in 1885, 62»
np prior bonds when due. Lehigh Valley also guarantees interest on
in 1886, 80®100; In 1887. 85®99%; in 1888, 87iaa95; in 1889,
certain securities of the Morris Canal. (See that company under mis- 80'e;
89ia®96i2; In 1890, 82®95; In 1891, 86®99i4; In 1892, to May 20,
cellaneous.) There is an Important contract for supplying the city of
inclusive, 95® 103.
Newark with water. (See report V. 50, p. 137.)
July 1 to March 31 gross earnings were $3,076,663 in 1891-92,
Dividends on common stock since 1880— In 1881, 513 ; in 1882, O^s; against
$3,011,001 In 1890-91; net, $1,038,032, against $1,144,330;
In 1883 and 1884,8; in 1885, 6; in 1886, 4; in 1887, 413; from 1888 surplus over charges, $432,769, against $567,148. (V.
54, p. 846.)
to April, 1892, both Inclusive,
per cent quarterly, being at rate
Fiscal year ends Juno 30 the 1890-91 report was in V. 53, p. 435. In
of 5 per cent yearly.
following statement the figures for 1889-90 and 1890-91 are for yeai
the
Price of common stock in Philadelphia—-in 1884, 57®71''8; in 1885,
64i3®61J4; in 1886, 55i4®62;in 1887, 53''8®57%; in 1888, 51>2® ending June 30, all others for year ending September 30.
INCOME ACCOUNT.
57''8; In 1889, 523)55; in 1890, 47i«®54ie; In 1891, 45''b«)5114; in
1887-88.
1888-89.
1889-90.
1890-91.
1892. to May 20 inclusive, bOH'Si6'2^.
a>
A
From January 1 to March 31, 1892 (3 months), gross earnings were
3,477,989
4,061,899
Grosseamings
3,403,296
3,685,769
$4,027,811, against $3,027,835 in 1891; net, $542,740, agst. $274,064.
The fiscal year ends November 30. The last annual report was In the Net earnings (less taxes).. 1,180,666 1,200,119 1,281,639 1,401,383
Chbonicle, V. 54, p. 158.
Deduct
INCOHE ACCOUKT.
492,636
151,758
341,628
464,567
Interest, less int. received.
385,093
254,024
172,645
175,582
Rentals
1888-89.
1889-90.
1890-91.
63,067
Miscellaneous
Gross receipts
$16,674,964
$17,432,007
$18,910,261
480,000
480,000
400,000
440,000
Operating expenses
11,419,383
11,951,771
13,075,910 Dividends
;
;
;
;
m
;
ffi
ffi
—
Total net income
DistnirBemerits—
Interest on debt
Gen'l expenses,
Dividends
inol.
$5,255,581
$5,480,235
$5,834,351
$2,168,571
taxes.
945,768
2,018,202
$2,651,120
694,258
2,027,370
$2,817,240
723,510
2,070,370
Total disbursements
Balance, surplus
— (V. 51, p.
$5,132,541
$123,040
$5,372,748
$5,568,120
$107,487
$266,231
162. 463, 761, 974 V. 53,
20, 51, 114, 614, 680 V. 52, p.
p. 289, 640, 880; V. 54, p. 33, 168, 203, r67, 761.)
;
;
Total disbursements. .. 1,096,300 1,141,170 1,227,609 1,148,218
164,427
253,164
180,747
164,468
Surplus
V. 52, p. 280, 571, 608, 707, 718, 832 V. 53, p. 95. 368. 435, 714; V.
54, p. 289, 597, 846.)
;
I.ouIsiana IVcstern.— (See Jfapo/Sou(A«rn Pacific.)— Owns from
Lafayette, La., txi Orange, Texas, 112 miles. Operated under lease by
the Southern Pacific Company, being part of the through line between
New Orleans and Houston. 'The lessee pays all charges and turns ovefi
to this company 7 per cent of the total net profits of the Southern
Pacific Company, under the omnibus lease.
Mat,
1893.]
RAILROAD STOCKS AND BONDS.
6*
70
INVESTOKS' SUPPLEMENT.
[Vol.
UV,
Kat,
RAILEOAD STOCKS AND BONDS.
1893. J
Subscribers
irlll
&o., nee noteB
Size, or
of
of
Par
Boad. Bonds Value.
I
INTEIJKST
Ron!</»— PririH--
OK mVIliKNDS.
pu I, When Due.
Amount
per When Wliere Payable, and by Sloekt—lMXt
Outstanding Rate
WTioin.
Cent Payable
Dividend.
— (Covrlutlett.)—
Now York & Rockawav
Siulthtown
&
Port
Istmort., int. only guar..
M., guar. prlu. & lut.
Jeff. iHt
LouiHana ITcs^cr/j— 1st mortgage, gold
Louisv. EtansT. rf .S(. L. Coiiko/.— 1st ninrt.E.R.i&K.
L. K.ASt. L.l8tM..g.,(lston 18'-'n).,adon72m.)o*
c*
2d mortgage, gold, imassented
Hunt. Tell. City A C. UK. Ist niort. gold, guar.o*
0*
Illinois <& St. Louis 1st mortgage
Venice & Caroudclet mortgiige, guaranteed
o*
&
Date
Miles
For explanation of ooliunn lieadlngs,
on first page of tablea.
L. E.
^
confer a irreat raror by kIvIdk tminedlate notice o( any error 'discovered In these Tables.
RAILROADS.
Xtong Inland
71
8t. L. consul, mort.,
gold
Kentucky & Indiana Bridge
Ist
(i(!K.O(M).(>00)..f
1871
1871
1881
1881
1886
1888
1887
1875
19
112
72
182
182
24
20
1880-2
386
mortgage
Terminal bonds for sH-lOO.OOO
2d mort. for IfOOO.OiK)
NanhviUe— Stock
t[/OuisviUe
it-
Lebanon
Br., Juno, to Jellico, Louisville lonn...c*
Consol. IstM. (prior liens are only $:i3:t,000)..o*
Memphis it Ohio Ist M., Paris to >Iem.,g.,guar. .c"
Meni.Clarks.\L.1stM..ii,flntlirietoParls,Tenn.o'
CeclUau Br.lstM., Cecil. toLouis.,s.f..dr'nat lOO.c"
E.H.&N. IstM. .Henderson to Niisli..p,dr'n at llO.c*
LouIh. & Nash, general M., gold, drawn at 1 10. c*
10-40 Adjustment Mort.. gold (red. aft. 1894). c*
L.C. &l.ex. lstM.,s.f.(uotdr'n)I,oul8.toNewp't.o*
o*
2d mortgage, sinking fund, notdrawn
L. & Nash.l)ds.,S.&N. Ala.UR.,'2dui.a8Col.eold.c*
Pcnsacola Division 1st ni.,gold (dr'n at 105) .0*
N. O. A Mob. DIv. Ist M., N.O.to Mobile, gold.c*
2d M., N. O. to Mobile, gold
c*
Southeast &St. L. Dlv. Ist Mort., gold
c*
2d M., gold. East St. L. to EvansvlUe & br. c"
.
.
171
419
1.30
83
4tt
13,5
802
785
175
175
189
45
1*1
141
208
208
1889
1881
1886
1889
$250,000
600,000
$.500
500
2,240,000
000,000
1,950,000
670.000
300,000
200,000
300,000
3,795,000
1,000,000
160,000
240.000
52,800,000
333,000
7,070,000
3,500,000
2,015.660
760,000
2,240.000
1,(K)0
1,000
1,000
1,000
1,000
500
1,000
1,000
100
1863
1,000
1868
1,000
*200
1871
£200
1872
1877 fll,0<)0
1870
1,000
1H80
1,000
1884
1 ,ooo
1867
1,000
1877 100 &c.
l.WXt
1880
1880
1,000
1880
1,000
1880
1,000
1 ,(K)0
1881
1881
1,000
7
7
A.
^-
J.
J.
M.
6k. A.
to Og. A.
A.
J.
I'5
5
2>«
6
7
7g.
««
6g.
gs-
2,85O,0(X)
8(12,000
.1.
7
eg.
6g.
1,960,000
580,000
5,000,000
1,000,000
3,500,000
3,000,000
6
g.
.J.
§«•
3
dt
D.
&
H. &
J. A
A. &
F. &
A. &
A. &
J. A
F. A
M A
A
J. A
M.i
J. A
A. A
A. A
M A
J. A
A
M A
M. A
J.
4.531.000
O. N. Y., CoTbln Bank'gCo.
8.
J.
J.
Apr.
do
do
Sept.
K.Y.,B.Pac.Co.,23B'rd July
It. Y., Security A Tr. Co. July
O.
O.
O.
Various
6
ll,.563.0O0
A
&
<&
A
A
&
&
g.
J.
8.
do
do
do
do
do
do
New
do
do
do
do
do
do
Oct.
Oct.
Oct.
June
York.
N.
J.
O.
O.
8.
.1.
J.
8.
8.
1,
1,
1,
1901
1 901
1921
1921
1926
1936
1027
1,
11595
1939
Mar., 1911
Dec, 1916
April. 1919
Feb. 4. 1892
Oct. 1.-), 1193
Apr.
June
Aug.
Mdi.
Dee.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1,
1,
1,
190<V-1902
July
do
D.
do
O.
A. N. Y., 120 Broadway.
do
do
O.
do
do
O.
D. London and New York.
A. lyondon and New York.
8.
N. Y., 120 Broadway.
do
do
D.
I).
1,
I,
June
Nov.
Jan.
Oct.
Apr.
Mch.
Jan.
3an.
Mch.
Mch.
1,
I,
1,
1,
1.
1,
1,
1,
1,
1,
1.
1,
1,
1,
1,
1898
1901
1903
1907
1919
1930
1024
1807
1907
1910
1920
1930
1930
1921
1900
1 to March 31, 1892 (3 months), gross eandngs were
$226,791 in 1891; net, $133,286, agalnut $65,862.
In 1891, gross, $1,061,676; net, $457,815; surplus over charges,
308,5.54; amoiint of net profit due this company as per lease, $169,3r>l.
?n 1890, gross, $1,160,331; net. $586,094. Stock is .$3,360,000 (par
$100), all but $50,000 of which is owned by Southern Paelflc Co.
From January
This reduced the annual interest charge by $600,000, and the sinking
fund charge by $100,000, in all $700,000.
In July, 1891, it was voted to increase the stock from .$48,000,000 to
$55,000,000, the purpose of the increase biting the piireliuse of the
Kentucky Central RR., the subscription to the new Issue of Nash. Chat.
A St. Louis stock, Ac. Of the new stock $4,800,000 was taken by
stockholders of July 21 at 70.
lioutsvllle EvansvlUe dc St. I^ouis Consolidated.— ''$<'« Map
Dividends since 1880.— In 1880, 8, and 100 per cent in stock; In
of EvansviUe tt Terrr Haute Kai7ra«ef.;— Operates from Louisville, Ky.,
1881,6; in 1882, 3; In 1888 and 1889, 5 In stock; In 1890, 6, of which
to East St. Louis, 111., 275 miles, with brandies to Evanavllle. Rock- 4«.,i in stock; hi 1891, 5 in cash; 1892, February, 2>2Cash.
port, Caunelton, etc., in Indian,^, 93 miles; total, 368 miles, of which
Price of stock— In 1884, 22i2®5138; in 1885, 22®5l%; In 1886,
353 miles owned and 15 miles trackage. Also owns Venice & Caronde- 33'«»69; in 1887, 54>8®70i4; in 1888, 50»8a^64>4; in 1889, 56>4
let Railway, leased to East St. Louis Connecting Railway, 7 miles. Of 98714; in 1890,
65>iJ®92>2; In 1891, 6578®83Ts; in 1892, to May 20,
the main line the following portions are operated under trackage inclusive, 71'8®84'2.
rights; Louisville to New Albany, 6 miles; Walnut Hill to Ceutralla,
The 10-40 adjustment mortgage of 1884 (trustee. Central Tnist Co )
T^a miles. The line from Belleville to Centralla, 111., was completed in besides 783 miles of road covers $28,162,700 of stocks and bonds. See
June, 1890.
V. 39, p. 409, aud V. 51, p. 463.
This company is a consolidation made in 1889 of the Louisville
The Evansville Henderson A Nashville bonds are draw^n at 110 by lot
Evansville A St. Louis and several other companies. It belongs to the annually. In Septemlier .$30,000 a year till 1895, then increasing each
"Mackey" system. See application to New York Stock Exchange in live years uutil $150,000 per year is tinally reivclied.
full in CHRONICI.K, V. 50, p. 876.
The Pensacola Division liuuils are subject to a drawing sinking fund
Under the consolidated mortgage (New York Security A Trust Com- $5,000 till 1900, inclusive, then $10,000, and so Increasing.
pany and Josephus Collott, trustees), $3,700,000 bonds are reserved to
The geueral mortgage bonds of 1880 are subject to a drawing sinking
retire at maturity the several issues of prior first mortgage bonds, and
fund of 1 1-10 per cent of all bonds issued, plus the Interest that would
$500,000 to retire at 75 the $670,000 unasseuted second mortgage have accrued on all the bouds so drawn— about $190,178 In all in
Bonds. (See abstract of consolidated mortgage in V. 49, p. 208.) The 1890-91.
second mortgage bonds bear 5 per cent interest in 1892 and 6 there
In June, 1890, the "unified" mortgage (trustee, Central Trust Compreferred, $1,295,262, 5 per pany) tor $75,000,000 was authorized, $41,917,660 bonds helnit reafter. Common .stock issued, $3,440,747
cent, non-cumul.atlve; par, $100.
served to retire all prior liens (none of the prior Hens can be extende<l),
On July 1, 1891, there were outstanning $109,763 equipment notes tile balance for impiiiveiiieuts, extensions (at tlie rate of .$32,000 per
and $184,792 bills payable, and there was due the Evansville A Tcrre mile, ineliiding equi]imeut), and for other purposes. 1 he mortgage covHaute RR. Co. $;i72,7ii7.
ers (besides 1,080 miles of road and its equipment) $16,209,700 stock
In Sept., 1891, President D. J. Mackey purchased 51 per cent of the of companies controlled, which Is subject only to the 10-40 aiUustment
2,000.000 stock of the Ky. A Ind. Bridge at Louisville, assuming the mortgage, and $6,498,400 stock and $1,10<),000 bonds free from any
on
cut
and
guaranteeing
per
cent
the
$980,000
minority
stock
t
8
ami lien. See abstract of mortgage In V. 51. p. 613.
assuming fixed charges of $127,000. But this was not accepted by
The Henderson Brldse Co. lionils are not a llabtlit.v of the Louisville
stockholders aud another arrangement was authorized by them. (See A Nashville. Tlie bridge is owned by a separate eompanv, with a stock
V. 53, p. 968.) The city of New Albany guarantees certain of the of $1,000,000 (par. $100), of which the Louisville A Nashville Co. holds
Bridge Company's Hrst mortgage bou<ls.
$501,(K)0 the Bddge Co. is guaranteed gross receipt* of $200,(XK) per
Frtim Jan. 1 to May 7, 1892 (4 '4 mouths) gross earnings (partially year by the several roads uslug it, and dividends of
2>a per cent are paid
estimated), were $434,389, against $492,935 In 1891.
each Feliruary and August.
July 1, 1891, to Nov. 30, 1891, surp. over fixed charges was $64,000.
Besides the bouds in the table the Louisville A Nashville is responsi1890-91
report
in
V.
Fiscal year ends June 30.
was
53, p. 878.
ble for .$2,100,(M)0 bonds and dividends on $2,100,000 stock of Nashville
1889-90
1890-91.
1888-89.
A Decatur (wliidi see); for .$9,8.58,920 liouds South A North .\labaina
(see that couipauy) for $280,(KIO bouds of Louisville Transfer Co.; for
Mllesoperated
373
373
375
Gross earnings
$1,169,412
$1,484,574 $2,000,000 Pcnsacola A Atlantic bonds, and for $2,096,000 Nashville
$1,127,039
Florence
A Sheliicld lionds.
Netearnings
$4s4,9i'0
$330,591
$416,318
fl(273,479, against
;
;
;
Other receipts
Total net income
Interest on bonds
Rentals and miscellaneous
Salanoe, surplus
—(V.
29,586
34,635
$360,177
$251,365
$4,50,953
Oferationr, Finanbes,
14,155
$329,618
17,724
$484,920
$432,800
44,808
$265,520
$94,657
$347,342
$103,G11
$477,608
$7,312
50, p. 107, 834, 874, 876; V. 51, p.
679; V.
53, p. 474,
87 S. 908.
I.onlBvllIe tc Nashville.— (.9ee ifop.)— Line of Road.— Main line
—Cincinnati, O., to New Orleans, La., 921 miles; St. Louis to Junction
near Nashville, 308 Memphis to Memphis Junction, 259 (to Cincinnati,
487) branches (incl. Ken. Cent. KR.) 1,010; total mileage June 30,
1891,2,498 miles.
The above mileage (2,498 miles) is owned absolutely or through stock.
In addition leases the Nashville A Decatur KR. (Nashville to Decatur,
119 miles with other lines, 24 miles) 142 miles, and the South A North
Alabama RR. (Decatur to Montgomery, 183 miles, and branch, 6 miles),
is operated for account of that company, making total L. A N. system
2,851 miles.
Also operates under lease for account of various companies 87 miles.
Owns the Cecilinn Branch (leased to Chesaneake Ohio A Southwestern),
46 miles. Controls, by ownership of a minority of stock, the Nashville
Chattanooga A St. L. RR., 810 miles the Uwcnslmro A Nash. 89 miles;
the Nashville Florence A ShelHeld RR., 94 miles; and Himderson
Bridge and connecting track, 10 miles— total, 1,002 miles; also, as Joint
lessees with the Central of Georgia, is Interested In the Georgia RR. and
Its auxiliaries, 721 miles. Grand total of roads owned leased and controlled by ownership of stock June 30, 1891, was 4,708 miles.
A line connecting with the Clinch Valley Division of Norfolk A Wost«m was completed in June,1891. The Alabauia Mineral KK., 129 miles,
was taken Into the system January 1, 1891. See V. 51, p. 460. In
;
;
Ac—The
Louisville
A
;
EARNINOS, EXPENSES, ETC.
Average mileage.
1887-88.
2,027
1888-89.
2,161
1889-90.
2,198
1890-91.
2,250
Grosseamings
16,360,241 16,599,396 18,846,004 19,220,729'
Net earulu>-8
6,092,706 6,273,311 7,426,912 7,162,284
62-74
62-21
60-59
Perot.ofexp.toeamt'g8
62-76
niCOME ACCOCKT.
1887-8.
;
Heeeiptt—
$
Net income, tncl. tnvs'ts. 6,621,534
IHsbursemeiite
—
Taxes
Interest on debt, Ao
Georgia RR. deficit
375,557
4,394,803
3.453
238,943
1888-9.
1889-90.
1^90-91.
6,950,420
8,065,598
7,880,160
401,112
4,005.493
23.376
199,425
397.721
4,524,694
90,339
186,203
410,810
4,207,629
2,405367
2,400,000
7,604,324
7,223,932
656,226
Pens. A Atl. RR. deficit.
Ala. Minn. RR. deficit..
December, 1890, the stock of the Kentucky Central was acquired, con- Dividends
1,518,000 »1,R94,800
trol being assumed February 1, 1891. See that company and V. 51,
p. 876 and V. 52, p. 939.
Total disbursements. .. 6,530,756 6,824,206
Organization, LkaseS, Ac—The Louisville A Nashville was char- Balance, surplus
126,214
90,778
tered March 2, 18.50, and opened between Louisville and Nashville
Novemlier, 1859. The liabilities for interest on the auxiliary roads are
treated mostly as belonging directly to the Ixiulsville & Nashville Co.
Tlie fiscal year ends Jiuie 30. Animal eiectlou Is held early In October.
Stock and BoNr)8.—In 1889-90 the stock was Increased $13,000,000
for the purpose of retiring the 6 per cent collateral trust bonds of 1883.
Na-shvllle system has
been develoiied In its present extensive form since 1879 the 100 per
cent stock dividend was declared in 1880 aud a few dividends afterwards in cash, but from 1882 to 1888 nothing was paid. From February, 1888, to 1890 stock dividends were paid to represent surplus earnings. The .\ugust, 1890. dividend was paid partly In cash, and all since
that date In cash. The half-yearlv statement July Dec, 1891, was in
the Chkonici.k v. 54, p. 78, showing uet surplus over all charges and
dividends of $174,543, against $338,.590 in same period of 1890.
From July 1, 1891, to Mar. 31, 1892 (9 mouths), gitiss earnings were
$16,185,820, against $14,706,711 in 1890-91; net, $5,815,847, against
$5,534,514.
Fiscal year ends June 30. For 1890-91 the report was InV. 53, p.
518, 521.
189,992
15,.502
461,275
and 1-10 cash.
Stock dividends 5 per cent.
t 4-90 per cent stock
In 1890-91 there was a profit on the Georgia Railroad of $62,530.
(V. 52, p. 81, 279, 427, 497, 498, 863, 899; V. .53. p. 21, 58, 126, 256
370, 498, 511, 521, 520; V. 54, p. 78, .5-25. 643, 683.)
t
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Tallahassee
MAP OF THE
^^;
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
Uve Oak
:
May,
RAILROAD STOCKS AJSD BONDS.
1882.J
SnbucrtbcrH
vrlll
73
confer a (treat (kvor by kItIhic immodlats notice of any error dlMOvered In Ibrnr Tabic*.
U(T£B£8X OB DIVIDENDS.
BAILKOAUS.
lIundt—lTlnel-
MUeg Date Size, or
Due.
Amonnt Rate per When Where Payable and by pal.Wbon
of
Par
Moe*«— Laat
For ezplanation of column hoadinRH, dco., see notos of
Road, BondH Value. OuUtandJDg
A^lioni.
ou llrst pugo of tablcH.
Payable
DiTldend.
Cent.
<* }fa$hnllt—(Conflu<Ud.)—
Gcnoral iuoitK"Ro !'• t', & ''-. Bo'd
iBt M. (50-ycurr)H), $15,000 p.m., (told
Louisville
0"
0'
175
118
inortKiiKO. colliit. tnint ($7,000,000), gold.o'
UiilHcd iimrtuHKii for $7,'), 000,000, gold. . . .0**r
Pen»aiolii & Allaii. Int iiiortx'idtc, KUni"
Hendcitioii Br. Co. 1st M., gold, drawn ut 105.
louimUlc New Alb. ^ 67iif .— Htock (for$l'2,000,000).
l8t M. Lou. l)lv.— New Alliaiiy to Midi. City. .0*
Ind'polis 01v.,(!hic. to Iiul.,Kold.O'
iBt M., Clilc.
Consolldat<'<l inortKaK'o (tor $10,000,000) gold.c*
0*
Geueral iiiortRaKc. $-5,0(X) p. in., gold
Iflt
,079
IGO
288
158
512
512
.
&
LiOUiBviUe New OrUans tt Tw««— Htock
let mortKagp, gold, for $1 (>,!)00,000
797
797
797
niort. iucoiiiu boiidH, ciiiii. (payable at 105) .0*
Inoonie bonds (not ciiniulativo)
LouwpUle SI. ijOHiHt^ Texttg Utook
0*
lat iiioit gage, $-.i,800,000, gold
2d luort gag«, gold
LouiHvUlo HurdluHburg Sl Weateru lat mortgage.
Louisville Southern 8t<ick
2d
—
i'di
121
42
—
o*
iBt M. $.'i,000,(M)0, gold, guar
Lykens InWfi/— 8t'k,10p.f.rental,999yT8. Nor.Cent.
Lynchburg <1 Durham— HUtck, $2,000,000
C'
iBt M. $'-'0,000 per mile, gold
Uaeon d Allantic^lut mori. ($20,000 p. m.) gold.o'
Macon <t Birmingham— l»t M.fori;20,«00 p.m.,gold
Louisville
New Albany,
New Albany A
126
21
115
1881 $1,000
1887
1,000
1888
1,000
1890 l.OOOAo
1881
1,000
1881
1,000
100
1880
1,000
1881
1,000
1880
1,000
1890
1,000
100
1886
1,000
1886
1,000
1886
1,000
100
1887
1,000
1887
1,000
1889
1,000
100
1890 500 &e.
20
100
1890
1,000
1890
1,000
1890
1,000
Chicago.— CS« ^fap)—OwtM from
Ind. (opposite Ix>ul8ville, Ky.), to MlcUgan City, Ind., 289
mile; Indiana State line to MaA8achuHett8 Avoniie, Indiaiiapulin, 16*2
miles; proprietary lines— Bedford A Hloomtlcld RR., liedford, Ind., to
8wltz City, 43 miles; Orleans West Baden & French I.Ick Springs Ry.,
Orleans, Ind., to French Lick Springs, 18 miles; total owned, .'iTi miles.
Operates under contract— Chicago to State line, 20 miles; New Albany
to Louisville, 3 miles; in Indiauaiiolis, to depot, 2 miles; total operated.
537 miles. A lease for 999 years with Chicago <& Western Indiana (of
whose stock this company owns $1,000,000) at $127,000 per year
gives entrance to Cliicago.
The Ijouisville New Albany & Chicago was opened in 1852 and sold in
foreclosure December 27, 1873, said reorganized. In August, 1881, oonBoUdatcd with Chicago it Indiana Air Line. The Bedford & Bloomlleld
KB. and the Orleans West Baden <fe French Lick Springs By. have no
debt, and their capital stock of $230,000 is deposited as security for
the Louisville New Albany & Chicago cousolidated mortgage, as is .ilso
the $1,000,000 of Chic. & West lud. RR. stock, and $-10,000 Belt Railway of Chicago. The construction of ,tlio 30inile branch to the Brazil
coal llelds has been undertaken uiuler the title of the Fort Wayue
Terro Haute A Boutliwestern Railway Company.
In April, 1891, a syudioate comiiosed of Calvin 8. Brice, Samuel
Thomas, John (Jreenough, and others, agreed to advance $1,960,000 to
take up the Hoating debt, etc., receiving in return $2,800,000 general
mortgage b<iuds, and $1,400,000 of new stock. The general mortgage
of 18U0 is for $25,000 per mile of road and $10,000,000 bouds are
reserved to retire the Ists as thej^ mature. Trustee Central Trust Co.
On Noveiiil)cr y, 1891, it was voted to autliorize an increase of the
«toek by $6,600,000 to a total of $12,000,000, and $3,200,000 of this
was sold to provide money for new rolling stock and other improvements, leaving $2,400,000 stock in the TreuKury.
B^om Jan. 1 to Mar. 31. 1892 (3 months), gross earnings were $692,053, against $594,739 in 1891 net. $190,200, against $65,249.
For half-year ending December 31 gro.'ss earnings were $1,568,667;
net, $473,098; tlxcd charges, $448,609; surjilus for half-year, $24,488.
Fiscal year changed to end June 30; report for six months ending
December 31, 1891, in V. 54, p. 405. Earnings have been as follows:
INCOME ACCOUNT.
1888.
1889.
1890.
1891.
;
Gross earnings.
Net earnings
2,292,782
868,105
2,495,823
581,775
282,458
573,965
276,345
<>57,186
Deduct—
Interest on bonds
Bentals, taxes, &0
I
•50,000
1,764.000
5,129,000
10,110,000
•i!,000,000
1,838,000
9,000,000
3,000,000
2,300,000
4,700,000
2,800,000
5,000,000
16,132,000
9,104,000
10,000.000
3,000.000
2,440,000
A
&
&
J. &.
F. A
eg. M. &
"e
J. A
M.
H.
M.
J.
A.
B.
J.
eg. F. A A.
«g- A. A O.
6g. M. A N
A
H.&
M. A
F. A
M. A
J. A
J. A
M.
e
2.^0,000
630,000
3,.'>00,000
4,340,000
600,000 10 p. an.
J.
5
g-
B.
8.
B.
M.
H.
A
A
A
do
do
do
do
do
do
N. Y., Cba««
J.
J.
Not.
May
Nov.
July
Aug.
do
do
do
do
do
do
Aug.
Apr.
May
N.Y.,R.T.WIIiion4Co.; Sept.
N. Y., irhen earned.
do
do
do
do
1,
I,
1,
1,
1,
Bept. 1,
Nat Bank. July
A. N. Y., Central Tnwt Co.
B. N. Y., Office 42 Wall St.
Q.-J.
l,870,.'i00
2,012,000
200,000
1,940,000
N. N. Y., 120 Broadway,
do
N.
do
N.
do
do
1,
1,
1,
1,
1910
1011
1916
1940
1.
1934
1934
1934
S«pt. 1,
Sept. 1,
Feb.
Mch.
Jan.
1031
1937
1931
1040
1021
1931
1,
1,
1,
1917
1917
1919
N, Y., Ctaaae Nat Bank.! July 1, 1940
N. Y., Office, 13 Wm. 8t Apr. 1, 1802
New York.
J.
Jan.
N. N0T.,'90, coup, last paid Nov.
N.
1,
1.
1940
1940
miles (completed April, 1889), and uses by contract with Chesapeake *
Ohio Southwestern West Point to Ix>ulsrllle, Ky., 20 miles; o'wns also
from Irvington to Fordsvllle, Ky.,44 miles, and branch 1 mile; total
operated, 106 miles.
In July, 1891, the I.rf)ul8ville Ilardlnsburg A
Western RR. was absorbed. See V. 53, p. 126. The first mortgage
bonds are for $2,800,000, of which $360,000 are held in trust for ex.
tending road to Ijoiilsville, If at any time dceme<l advisable. Trustee of
nioi'tgage. Central Trust Company.
July 1, 1891, there were outstanding .$281,318 ear trusts and $107,157 bllht payable. Stock,
$3,000,000; par, $100.
From July 1 to March 31, 1891 (9 months), gross earnings were
$436,443, against $327,144 In 1890-91; net,$183,225,again8t $132,900.
In vear ending Juno 30, 1891, gross earnings were $429,415; oporatingexpeii.se.s, $2.'>0,493 net, $178,922.
W. V. McCrackeii & Co.. 42 Wall Street, New York, Financial Agents.
See full statement to New York Stock Exchange In CilRONICLK, V. 49,
(V. 51, p. 416, 715; V. 52, p. 498; V. 53, p. 126, 407.)
p. 146.
liOiilNvllIe Southern.- Owns from Louisville, Ky., southwesterly
on Ciuulniiati Southern Railroad, 83 miles, with branches to
Lexington and (Joorgetown, 47 miles; total, 130 miles. Lease to I.«ulsvillc New Alb:iny & Chicago w,is terminated in March, 1890.
(See V.
50, p. 834.) fu July, 1890, leased for 99 years to the Ea.st Tennessee
Virginia A (Georgia, wliicli guarantees principal and interest of the new
50-year 5 per cent l>onds. All net earnings after payment of llxed charges
are to be equally divided between the lessor .ind the lessee. See V. .51, p.
51, 012. Stock, $3..>00,000; par, $100. See statement to New York
Stock Exchange, Cmto.vicr.K, V. 49, p. 146; also abstract of mortgage
and lease. V. 49, p. 342 aud 343.
I'rom July 1. 1890, to M.ircli 1, 1891 (9 months), gross earnings (as
reported by Louisville New Albany & Chicago) were $348,423; net,
to Btirgin
$86,080.
(V. 51, p. 51, 276, 303,
457, 612; V. 52,
p. 81.)
I.ykens Valley.—Owns from MlUersburg, Pat, to WllUamstown, Pa.,
20 miles branch, 1 mile total operated, 21 miles. It is a coal road,
leased and operated by the Northern Central Railroad since July, 1880,
and previously by the Summit Branch Railroad. The lease is for 999
years from March 1", 1866, aud the rental is $62,500 per annum.
From January 1 to April 30 in 1892 (4 months), gross earnings
from coal and mining operations were $318,378, against $^89,850 id
1891; net, $13,606 against deflolt of $:j,118. In 1891 gross. $942,477;
2,630,132 2,847,731 deficit, $41,281, against net of $11,204 in 1890.
999,253
Lynchburc A Durham.—Completed In 1890 from Lynohburg,
Va., to Durham, N. C, 114 miles; projected to a connection wltB
651,781
Raleigh A Augusta RR., 25 miles from Durham. Mortgage is for$3,000.212,373
000, at $10,.5(X) per mile of completod road and $3,500 per mile additional for equipment trustee. Mercantile Trust Company. Stock au864,144
864,233
850,310
Total charges
sur. 3,872 sr. 106,876 sr.135,109
Balance
Bamuel Tnomas, President, New York. (V. 52, p. 81 321, 390, 425,
427,463,534, 571,574,608,643; V. 53, p. 520, 560.673,713, 836; V.
,
54, p. 203, 405.;
Lonlnvllle New Orlean* & Tei^tin.—f See )fa».;— Main line,
Memphis, Tenn.. to New Orleans, La., 456 miles: Coahoma, Miss., to
Kiverslde Junction, 151 miles
other branches, 52 miles; Natchez to
Jackson, Miss., 99 miles; Clarksdalc to Minter City, 40 miles; total, 798
miles, of which 71 miles narrow-gauge.
This road was built in the iut<'rcst of the Huntington system of roads,
and forms the connecting link in that system across the Continent from
Norfolk to San Francisco. The income bonds were a Hrst mortgage on
774,634 acres of land in the Yazoo Delta, of which ou .luly 1, 1891,
579,645 acres remained unsold: land and town site notes in treasury,
#758,783. I'roceeds of land sales are to be applied, from time to time,
to payment of income bonds.
The second mortgage bonds are
" incomes," receiving interest only when earned
but no Interest
was payable till March 1, 1889; unpaid interest is cumulative, and
bears interest (if earned) at the rate of 5 per cent these bonds may bo
Said off at lO.'j. The Union Trust Co., of New York, is trustee of the
rst and second mortgages. Capital stock, $5,000,000; par. $100. On
:
;
;
thorized, $2,000,000; outstanding, $1,870,500 (par, $100). Leased for
1, 1892, to Norfolk <fc Western, which has the
oiition to continue the lease iiermanently on certain conditions. See
V. 54, p. 001. President, W. C. Houston, Philadelphia. In year 1891
gross earnings were $166,132.— (V. 51, p. 84; V. 54 p. 159.)
one year from March
nacon ft Atlantic—Projected from Sofkee. Oa. (6 miles from
Macou), to Savannah. Ua., and to Colleton, 8. C, on the Atlantic Coast,
about 200 miles. Track laid llifl miles, lino graded 75 miles additional. The Macon Construction Co., which hiul the contract for building the road, failed in Mar<!h, 1891, and construction ceased. In November, 1891, Henry I. Lamarwas appointed Receiver, and Re<5eiver'i
sale of the road and property of the construction company was to take
.......
.
..
..
..
.
ilace May 12, 1892, for not less than $5tK>.000, but no ..f^^
bUfs were made.
^'
54, p. 083. The New
ew York Securitv
Security A Trust Co. Is mor
mortgage trustee.
— (V.
V. 53, p. 156, 713 V. 54, p. 683.)
inacon ft Birmingham.- Projected from Maeon, Oa., to Birmingham. Ala.. 230 miles, and completed from Macon Junction to La Orange,
97 miles. Built by the Macon Construction Co. .which wont Into receiver's
hands in March, 1891. In September, 1891. Messrs. Gill, rtliaw A Ober
of Baltimore consenteil to act as a committee and Invited the bondholders to deposit tUeir holdings, under a bondholders' agreement with
July 1, 1891, current liabilities, as per balance sheet, anlOuutl^d to tlie Mercantile Trust i Deposit Co. of Baltimore, or the Now York Se$1,.573,574; current assets, including supplies, &c., $1,098,964.
curity & Trust Co. See Georgia Southern & Florida. Foreslosure proFrom January 1 to Feb. 29, 18112 (2 months), gross earnings were ceedings were iustituted in Ajiril, 1892, by the mortgage trustee. Re$716,768. against $686,430 in 1891; net, $162,140, against $190,566. ceiver's certillcates for $;)(l,000 have been authorized. Julr 1 to Deo
Fiscal year changed to end Jimc 30. Earnings and charges for the 31, 1891, gross earniugs, $42,023; net, $1.6-20. (V. 54, p; 6S3.)
calendar years 1889 and 1890, and for the year ending June 30, 1891,
nacon Dublin ft Savannah.—Owns roa<l completed from
have been as follows
1890-91. Macon to Dublin, 54 miles projected to Savannah, 99 miles additional.
1889.
1890.
Built
by the Illinois A Georgia Improvement Company of Chioago. No
Miles operated at close of year.
657
(Avg.) 790
796
bonds have boon issued. D. M. Hughes, Vice President, Maeon, Oa.
$
Oross earnings
3,716,430
3,031,115
3,236,566
niacon ft Northern.—Owns from Macon, Oa., to Athens, Os.. 10 5
Net earnings
1,040,657
1,071,426 miles. Successor to the Covington A .Maccui. which defaulted Sept. 1.
834,138
Deduct—
1890, aud was sold in fiu-eelosnre May 21, 1S91. In 1891 leased for 99
Interest on bonds
631,340 years, renewable forever, to the Richmond A Danville and tbe Central
500,980
589.520
Taxes
;...
90,250 of Georgia, the lessees jointly guarant-«*eing interest and principal of
67,504
91,883
Hlscellaneous...-.
31, -287
32,655 the bonds. This guaranty is ou eiich of the bonds, which, limited to a
i...
34,154
total of $2,200,000, retired old Issue and provided for improvements.
Total
7.')4,245 4e. See V. 02, p. 321
602,638
712,690
V. 53, p. 223.
Balance, surplus
317,181
438.01R
121.447
From January 1 to M.irch 31, 1891 (3 months), gross earnings veru
B. T. Wilson, President, New York. (V. 51. p. 21; V. 52, p. 427, 428.) $.30,'293, against $38,222 in 1890; net, $5,217. against $7,144.
In 1890gro.ss earniugs were $1.'>0,739: net over surplus and taxes,
lioulHvlUe St. LouU ft Texan.— C.V« Map.)— IjO\i\iiville to Hen4fenon Ky., 142 milea, of vhioU it owns Henderson to West Point, 121 $24,745. (V. 52, p. 80, 164, 321, 680, 795 V. 53, p. 223, 713.)
;
.
.
.
;
;
;
;
;
;
94
SUPPLEMENT.
INVESTOES'
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KAILKOAD STOCKS AND BONDS.
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RAILROAD STOCKS AND BONDS.
1892.)
TT
SBbscribers will confer a ereat favor by kItIdk Immediate notice of any error dlaeovered In theae Tablea.
i<M uf /ff — I* rtnoP
RAFLROADS.
INTEREST OR OIVIDENDB.
Miles Date Size, or
I>n«^
Amount Rate per Wben Where PaTable, and by pal.Wlien
of
Par
For explanation of column headings, Ac, see note* of
mor«;«— Lait
Outstanding
Road. Bonds Value.
Whom.
on first page of tables.
Cent Payable
Dividend.
I
Maeon
<t
Nortltert^— 1st mort. gold, guar.p.4l...o*
107
Maine Ce»<rrtt—Stock
Koiinobeo ooii. M. Port, to Aug. & brcli .0
Me. C. loan for $1,100,000, Diiiiv. .Ic. to Bangor.o
Port.
A
,
Ext«ii8lou let M., gold, tjuiiiherl. Jiiiic. to I>un..c
& Farm. Rlt. Ist M., Leeds to Faniilngton.c
Leeds
71
109
18
36
.0"
'304
Collateral trust hduds for Mt. Desert Branch
c
Sinking fd. 10-208,gold, red.on or aft. Feb. l,'95.c
Improvement bonilK, "A" and " B."
European Si Norlli Auiericau (Bangor loan)
c
Portland & Ogdeus. 1st Mort., gold, int. guar.
o
Oonsol. mort. $'20,000 p.ni.(guar.Maiue Cent.).o
Hereford R'y l«t mort., guar. p. & i. (endorsed)
Upper Coos RK. lnt mort., guar. p.& 1. (endorsed)
41
Me.C. Ist M., oouM.. A. B. C. U.
Do
do
(ii!'2G9,500 Ss)
. .
do
.
Extension mortgage, $21,00O per mile
Knox & LIncxdu stock, guaranteed
l«t M. Penobscot Shore bini^ KR. <Jo., assumed.
2d mortgage (for 100,000) assumed
Manchci. iC J.iiic.— Stock, 10 p.p. ren'l till l!ty7,B.<kM.
ManhitlUin A7fp«/C(/.— Consolidated stock
DIvideuil bond certilicatcs. (8ee remarks)
r
iji
1st mort., !fl)0O,O(K) p. m.. gold..o*
o*
2d mortgage (guaniutecil liy Manhattan)
N.Y. El. Ist M. (payable at 103 aft. 18U3)$A«.o>l(r
consol.
mort.
of
1890..
N. Y. El. deb., secured by
Manhattan Elevated consolidated mort., gold..o'
Metropol.
El.
1801
$1,000
"33
48
48
48
26
32
"18
18
14
32
32
J.
547
1,39.1,000
4>*
687,000
600,000
450,000
6g.
J.
K.
4>9
.r.
6
J.
A.
A.
5
1,000,000
800,000
1,190,000
800,000
.1.
M.
M.
4
4
3.')0,000
3-17,000
4.H
200,000 5 per an.
1,300,000
4
200,000
5
1,0<K),000 10 p. an.
30,000,000
l^a
1,905,035
4
10,818,000
§«•
4,000,000
£&'$
1,000
1,000
1,000
1,000
IHalne Central.— Line of roa<l, Portland to Vanccboro, Me., via
Augusta, 251 miles; brandies, Cuml>erland Junction to Skowhegan.
91 miles; Bath to Lewiston and Fariniugton, 76 miles; branchesBelfast, Dexter, Bucksport and Mt. Desert Kerry, 132 miles; Portland A
Ogdeusburg Railroad, l^ortland. Mo., to Lunonberg. 109 miles; small
branches, 6 miles; Upper Coos and Hereford niilways, Luuenberg, N. 11..
to Lime Ridge, Ouoliec, 108 miles; Bath to Rockland, iucludingsteam
terry, 7 miles, 48 miles; total, 821 miles. Tlio Knox A Lincoln Railway (successor to Feuoi)scotSlioro Line RU.) Bath to Rockland, Me.,
was leased for 909 years in 1891 the M. C. assumingits liabilities and
paying $5.00 a share on 2.000 shares of stock.
Of the stock $2,264,375 is owned l)y Boston A Maine. Tlie Hereford
and Ui>per Coos railways are leased for 999 years and their bonds
endorsed with a guaranty of principal and interest. The Coos division
was opeuwl in May, 1891.
In August, 1888, leased Portl.ind A Ogden9l>urg for 999 years and
guaranteed its bonds rental was 1 per cent on stock for first three
year>; now 2 per cent.
There are also $58,000 .5 per cent debenture bonds, due February.
1894, $42,000 Shore Line 6 per cents, due 1923, and $175,000 Dexter
4 Piscataquis 48, due July 1, 1929.
Divl<leuds since 187G have been
In 1882, 2 per cent In 1883. 5ia
from 1884 to February, 1892, both inclusive, at the rate of 6 per cent
A.
^-
633,(K)0
1809 )06' Ac.
1870 500 &c.
1888
1,000
1890
1890 500 Ac.
1890
ibo
1890
1891
100
100
1878
1879
1876
1886
1890
4>sg.
P.
3
A.
6
.r.
7
4,176,700
1886-7
56
60
108
53
M 4 a
$2,200,000
4,471,900
1,166,700
756,800
406,500
100
1865 100 Ac.
1868 100 Ac.
1870 500 4o.
1871 100 &.O.
1872 100 Ac.
1872 100 Ac.
1883
1885
1,600
M.
M.
A
4
4
A
4
4
4
4
4
4
4
4
A
4
A
4
N.Y.,BrownBro«.4Balt.
Portand, Me.. OHIoe.
Host, N.Rev. Bk.; Port,
do
J
do
D
June
Boat., Ara.Ii4Tr.; Port.
Best., N.Rov.Bk.; Port,
do
do
J
J Boston, Merch. Nat. Bk.
J Bost., N.Rev.Bk.A Port,
do
do
N.
N Boston, Moss.
Feb.
Jan.
July
Nov.
May
May
May
Nnt. Bk.
do
N.
do
Portland, Maine.
4A
.1.
do
1900
1899
1912
19ia
1923
1909
1,
1,
1,
1,
1,
1,
1894
190O
1908
1930
1930
1930
(1)
Aug.
1,
1920
Feb. 1, 1921
May
2,
1,
Apr.
1893
1898
At Co.'s option
N. Y., Mercantile Tr. Co. Jnly
do
do
do
do
do
do
do
1,
1,
1,
1,
1,
1,
July,'164'17
N. Bost., N. Rev.Bk.; Port.
.1.
1,000,000
9,300,000
Oct.
July
Apr.
Apr.
do
do
A
4 J
M. 4 N
7
4 J
M. 4 H
5
4g. A 4
8..5OO,O0O
do
do
do
do
do
do
J
do
do
do
do
4 A
M. 4 N. Manchester and Boston.
N. Y., 71 Broadway.
Q.-J.
do
A? 4
do
P.
K.
Mar. I, 109O
Feb. 15, 1893
July 1, 1899
July 1, 1898
A
Nov.
1,
1,
Jan. 1,
Mch.
Apr.
1.
1.
1908
1899
1908
1918
1990
Fiscal year ends June 30. Statement for 1890-91 was In V. 35, p,
519. In the following the iignrcs for 1889-90 and 1890-91 »re for yea»
— all otiiers for year ending September 30
ending June 30
--Year End. June 30.-^
1889-90.
1890-91.
/-Year End. Sept. 30.-^
1887-88.
1888-89.
9,080,881
5,422,394
$
$
9,388.681
5,307,129
•9,959,710
5,455,030
3,658.487
1,554,080
4,081,552
1,597,880
4,.5O4,08O
and rentals. 1,554,080
Balance
1,918,731
Deduct dividends... 1,300,000
2,104,407
tl,430,000
2,483,672
11,560,000
2,.596,588
674,407
923,672
976,589
Gross earnings
8,673,871
Oper. exp. and taxes 5,201,050
Net earnings
,
Interest
Surplus
3,472,821
618,741
1,907,494
1,620,000
;
:
;
:
yearly.
.
From Jan. 1 to March 31, 1892 (3 months), gross earnings on 821
miles were $1,009,959, against $909,790 in 1891; net, $339,981
against $223,743.
Fiscal year ends Sept 30. Report for 1890-91 was in V. 53. p. 920.
1887-88.
1888-89.
1889-90.
1890-91.
Miles opcr.ated
627
647
741
821
•
Total gross earnings
Total net income
Uuibursctnents^
Rentals paid
Interest on bonds
Dividends
Total disbursements
Balance, surplus
$
$
3.389,007
1,199,044
192,573
734,031
215,604
$
$
3,828,162
1,332,039
4,226,465
1,411,563
4,324,905
1,421,601
233,427
798,391
215,616
284,6,55
360,093
828,189
215,628
821,165
213,016
1,142,208
56,836
;
&
siUd to be due from Concord Railroad.
Itlaniiatlau iilcvateil.— Koiul oi>er.ited, 32'39 miles. This corpor
atiou w;is formed NovcuiUur 21, I87.i, to lo.ise aad o|N*ratu tiic tvi't
elevated mllroads in New YorK City. Too original lexse of .May 20.
1879, guarantied 10 i>er cent i>cr ana uu on tlio stock*. In .laoe. I8-<1.
all liabilicius were assumed and new stock was iA.sucd l>y tiiu Maiihal
tan Company, viz.: Ftu* .MauliatUin. 8'> iH-r cent In new stock; for .Sew
New York. 120 per cent; r<u- Metro|HilitaD. 110 per cent, loaKiiii.- Hi.
whole stock $20,00; »,01X). in .\Ia<-. 18.11, $l.ifO^),O^K) stock was issued
to acquire the stock of the Suburouu R:ipid Transit Railroad, wliirli
owueu a bridge acriHs the Harlcn Uivur, an. I liad a ro.i.l in iipcraliuu.
to :»eur 17Uth Street, N. V., 21.2 miles. See V. 52, p. 642.
There are considcriible claims pending against tae elcvatttd roads fm
dam:igc to property on their lines, uud many of these aiv Itcfore llif
courts.
Bee CaU'.MCLU V. 5-1, p. 203. The cousoUilatwl mortgage
(trustee, Oeutrai Trust Company) is liinit4Ml on prtisc-l iiuleaigi* to
$.10,000,000, and will provide tor i>rior bouls when due, fur •.itiui:
debt, Ac. K'U'tlicr amounts ma.y l»c issue<l for cxteusiins if de.u'i'il
at llio rate of $300,000 per mile of single uuil .ii<>00,oo-J imm- mile
double ir.tck. I8ee alistract of mortgage in V. .'>1, p. 248, and applica
tion to .Vcw Vork Stock Excliange in full inV. 52, y. 3.'>:I.| i'.ii- scrip
Issucil for ilividends is convertiide into uew 10t>-ycar •! Oi'r r<*nl c<uis«ils
•!
anit is rodecmalde at i»ption of company. Citsh tlivitleuas were r,-...i
in A|>rU, 18UO, after four divideuiU of 1 Hi per cent each liad been |iaid
In scrip.
Dividends in 1884, 3 per cent; In 1885 to 1887, inclusive. 6; 111 188'^',
6; in 1889. 1 in cash ami 4'.j iu scrip; in 1890, 4'.j cash and miscnji:
lu 1801, 6 cash ; iu 1892, Jan., Iia; April, II3.
I'ru-esof slock— In 1884, 61»ii«79; in 1885, 65 a 123 ".j; in 1886, 102*
175; in 1887, !»2H!<"161"h; in 1888, 77a»«.983^•; lu 1889. !«>'< 1 10: in
18!HI, 9JV«117; iu 1891, 95aH0!); iu 18!)2 to .May 20, inoi., lOl^lSJ^H.
For the (luarter and iiiuu mouths cudiug M.irch 31 oaruings vvureas
follows:
Quar. end. Mar. 31.-, ,-9 mos. cud. Mar. 31.^
.
18i»l-i»2.
;H01.
18!»0-!)1.
1892.
Gross earnings
$2,4H»,S28 $2.69.t.()6;) $7.3U1,4 16 .$7,92.', 179
1.30rt,299 I.;l7..,<)4.i
3,687,473 4.001, liUO
Oiwratiug expeusos
m
Net earnings
$1, 1 77,52;> $1,318,021
$1,212..'>2 J $l,.t<.l.024
Total net income
6JI,4S8
Int., taxes and rcutal.4. .
5.)ti.«;>.'i
$615,834
$748,.'>J6
*
Year ending June
-'V. 51,
1,247,434 1,321,436 1,403,910
90,127
84,605
17,691
—(V. 51, p. 874 V. 52, p. 939 ; V. 53, p. 820, »a0.)
raanchcHter
Laivrenee.—Owns from Manchester, N. H., to
Mothxeu (State Liue),22'4 miles; leases Methuen Branch, 3% miles;
total operated, 26 miles. Koad in operatiou since 1849.
IxMi-sed for 50 years from Soptomlier 1, 1837, to Boston 4 Maine at a
rental i>aylng 10 per ccut divulcm.ls, at wliicu rate dividends had lien
paiil for many years. Suit lias iioeii iu.4titutoJ to reoovor $1,000,OJO.
Burplaj
Includes other income.
t In cash and scrip.
Numl)er of passengers carried and gross earnings have been
Year end.
Year end.
Sept. 30. Passengers. Earnings.
Sept. 30. Passengers.
Eat^lngs.
1879-.80... 60,831,757
4,612,976 188.")-86...] 15,109,591 $7,426,218
1880-81... 75,383,778
5,311,070 188(^87. .158,963,232
8,102,663
1881-82... 86,361,029
5,973,633 1887-88.. .171 ,529,789
8,673,871
1882-83... 92.124,943
6,386,506 1888-89... 179,497,433
9,0.80,881
18S3-84... 96,702,620
6,723,832 1 889-90*. .185,8.33,632
9,302,681
1884-85... 102,354,729
7,000,566 1890-91* .196,714,199
9,959,710
*
$.l,61:t,!»73 $.1,917,813
$.(,6.»l.!»r3 $4.02-'.813
1,787,134 l,80.»,4rtS
$1,904,539 $2,213,^25
30.
206, 207, 248, 4-14, 681, 494, 719; V. ,52, p. 238, 322, 351.
353,642,707,832; V. 53, p. 224, 6 1», 713, 714, 968; V. 54, p. 203, 243,'
840.
p.
Marloopa&l'liocnix.— Owns from Maricopa, Arizona, on thcSoutliei-n
I'acillc
Railroad, to Pho-nix, Arizona. 34 miles.
Stock
is
$600,000
.par, $100). In year ending June .30, 1891, gross earnings were $78,106; net, $26,676; interest, $32,400; taxes (less other income), $1,>
253 ; deUcit, $6,977. Presi lent, N. K. Masteu. Sau Francisco.
Aw
.raarletta dc Nortli Georela.—Owns road completed In
1890, from Kuoxvllle, Tenn., to Marietta, Ga., 217 miles;
trackage. Western A Atlantic Railroad, Marietta, Ga.,
to Atlanta Ga., 20 miles ; total operated, 244 miles. At Kuoxvllle connection is miule with the Knoxville Cumberland Gaj> A Louisville,
which atfords access to the coal tiehls near Cumberland Gap, and to
the Louisville A Nashville system. Interest defaulted Jan. 1, 1891, and
I. B. Glover appointcil jwnnanent receiver on Feb. 23.
There were to
lieissued$l, 100,000 of receiver's bimds iu ordcrto put the road in good
condition. A reorganization committeo was appointed in Jau.. 1892,
and Inive agreed upon a plan which wdl bo snbmit'ed to tlie larger
lioUlcrs, and a majority assent olitaiued before the pl.in Is made pnblio.
See V. 34, p. 2t»3, ,5;»7. A foreclosure suit was instituted in April,
I8i>2. StocK issuiNl, .$l..">«0.0(Ki. TheCentral Trust Cimiimiiy of Sev
York is ti'ustcc of the iMinsoliilati-d mortgago. Mortgage on lino from
Marietta to Miirpliy, 112 miles, is at rate of SUi.UOO a mile, and on
.fust.
bnmch, 7 miles
;
xnoxviUe
extensii.ii .t!20,OO0, average rate lieiiig »17.3(K».
FYont
1891, to November 30 (4 months), gross earnings were $73,»
(V.49,p. (J16; V.31,p.345; V. 52, p. 121,165,350,463; V. 54,
.^
»..»'.
.\ugii!.t 1,
749.
p. 203.)
•iHrqiipiio
illiiHK
llonsbton
.
& Ontonason.— See DnLcm
Soirra
.^TI.A^TIC.
.t
Marylaiitl Cciiiral Rallnray.— See Baltimork
4
Lehigh.
&
'Vlasan I'ltr
Kort Oodae.— Owns road fiiini Mivson City, la.,
la., 88 miles, and branch, 4 ndlos.
Stock aiitli»ri2ed. $5,OOO.tmO; oat>tauding. $920,0(K); par. $100. Intertwt due ami accrued
July 1. 189I,$414,0(K»; bills pay^.ble, $30,972. In year ending Juno
30, 1891. gross earnings were .$112,2:11; deticit nuder operating expenses aud taxes, $55,814. Total deficit to June 30, 1891, $347c
to I^higli,
00 s.
.tleinphlH
\
CliarleBlon,— fS«;lfnpo/ Easl Tfnnemre Virginia
<*
.4 hi., 272 miles: Itraiiohea
14 miles; to Flol-eiiee, 6 miles; leus<!S Steveli.M»n tO
miles; total oiHU'ated, 330 miles. Of tliu c<ius4iliiluted
Hiirlicage. .$l,liH>,iHio are secuii«l by tlio old Teuiies,«e State lieu for
*l.7:i6.iMM>,a~sigi».d to a trustee. On Feb. 1. 1892, tliere wrr.- $113. 1 78
i-artr.ists oiit^tanling, uiaturiug 1891 to 1891. The stock is tt>.312,ieiiryui.t
—Owns fn»m Memphis to Stevenson,
-t*t .S^nnrrvilli-,
..'hiittniiiHiga. 38
72.">;
par,
The
$2.'>.
Ka.-t
rennessee VIrgiuia
A
Georgia RR.
In
SeptemlM'r. 1885,
a imuorily of tlie stock (which it owils) in the CiMKnil Trust CO>
oreoiitifd. Tlut validity of thisowncrship of stock was contestetl aud
adeeisidu of tae matter yet remains to be imule. (See V. 50, 41. 703}
V. .52, p. 831.)
l-iinu July 1, 1891, to Jan. 31, 1892 (7 mouths), gross earnings wero
-984.6S);, against $1,141,308 in 189091; uct, $262,987, against
,ilaec<l
Ki28.267.
11 the
vear undiiig Juno 30, 1891. gross earnings weiv $1,717,401;
ai'I. $46.>,8.>0; surplus nbovo ehirges. $!i(!,l6.t.
In tss'MJo ^msa
{\fM,
$1.7.83,729: net. $514,730; surplus nver eliari-Ts, !:!<!. Ml
53, ft
p. 174, 703; V. 51, p. 276, I. .a, 612; V. 52, p. !:31; V.
835.)
1
'
-»
78
INVESTORS'
SUITLEMElsT.
[Vou LIV.
/
—
—
Mat.
RAILROAD STOCKS AND BONDS.
18«2.]
Subscriber*
Mrlll
confer a greal favor by kIvIok Immediate notice of any error dlecoTered In
BAILROAD8.
For explanation of cnliimn headings,
oil
&o., see notes
Miles
of
Date
Size, or
of
Par
Road. Bonds
Hrxt piigo of tables.
34
34
MarienjHt <t Phcenii—BtocTl
Ist inort^u^e, KoI<I
—
Vtiriftta (f Xiirlh firoryia Btock
Ist inoi-tiiHgo, iJtT.OOd p. III., (;olrt
Con. lMt.M.,K..$4,.')l)0,O00,H.f.*l5,0OO after
1897 c*
Marqiirtlr IIixir/hloH it Onlim.—Heo, Dill. 8. 8. & Atl.
J: Furl />.«/(/; —Htock (.'(i.'i.dOO.OOO)
1st iiiorti^itKC, ii'I.'j.OOO per mile, gold
Uttitph is it Vlutrtfitloii Stocit
Teuiiesspe statn loan for $1.736,906
lift uii<l 'id iiiortKaKPs. extended
c
2d luortgA^e, extciidfd
Consol., sold ($1 ,400,000 Ist on 93 m. in Tenn.)o*
—
92
1886
1,000
1,000
8,281,000
100
920,000
"25
1,380,000
5,312,725
Ist luortxuKe (unas»eiited)
Ooiinol. iiioitKaiie, $3'J.000 per mile, (told
o*&r 1,832
l.st consol. lii(onii>«,ni>n-iMiiii.($i),(!OOp.in.),Kold.c' 1,832
2J coii.liif.*(i, lOOp.iii.red.at .50p.i-.till Aiig.l929c' 1,832
RoifiMtcred im-.oiiu'- lioiidrt, uuaKseiited
r
1881
1880
1889
1889
1881
1,000
1,000
1,000
1,000
1,000
General iuort>raK(', koUI
Mexican Central Stock
cAr
—
1,000
1,000
1,000
100
Uexican Xalional—Htovk
drawn
at 100
o* 1,064
2d M.,Her."A," g.. Inc. ncciini. (for *l«,67.'i,000)u* 1,064
2d M.,ser."B," g.. Inc. non-ac. (for $16,675,000) .r 1,064
Sd iiiortgagu, deh. (income not cumulative) gold.r
ilexiea n XoHherit — Stock
"so
o*
Ist mortgage, U. 8. gold coin
80
—
iiicfuyun Veiilrat Stock
CouKol. mort.— now 1st M. ($2,000,000 are5»).c.tr
cAr
M. C. Micliigan Air Line, 1st mortgage
M. C. 1st mortgage on (Jraiid River Val. RR..c.tr
M. C. Ist mortgage on Kalamazoo
&
9.
Haven. ctr
270
115
84
39
100
1887
1,000
1887 500 &0.
1887 500 &e.
1887
1,000
100
1890
1,000
100
1872
1,000
1890 l,OOOio
'79- 86
1,000
1889 1,000*0
(Mexico).— CSm Jfap^— Mileage— Main
line
Mexico City north to El Paso del Norte, 1.224 miles, 131 miles on San
Luis Division, 276 inilea on Tainpico Division, 11 miles on Guau:iJu:ito
Bri>ncli, 161 miles on Guadalaiara Division, and 16 miles on the Sun
Bias Division. 44 miles on Piicliiica Division, and branches 13 miles,
a total of 1,876 miles Jan.
1,
1802.
The coiiipauy was incoriiorated February 25, 1880. uniler the general
law of Massachusetts, and by transfer the c^impany holds a charter from
the Mexican Government, grautoil December 5. 1874. The subsidy
from the Mexican Government was $15,200 per mile on most of the
lines, aud In July, 1S90, a contract was made by which nil siibsl ly payments on lines tlieu constructed were discharged by the payment of
$14.M00.63 1 lu Mexican silver. The total subsidy collections from tlie
boKiunliig, including this settlement, amount to about $17,000,000 in
American money. See V. 54, p. 765. By the construction of the
Pachuca Division the company earns an additional subsidy of $8,000
per mile on 44 miles, payable In Mexican 5 per cents.
The $7,000,000 piioritv bouds were paid oU' with proceeds of subsidy
collections, interest ceasing April 10, 1891. See V. 52, p. 390. After
the pavincut of the priority bonds there was left of the subsidy
$4,837,570 to be put in trust and nseil whenever necessary for the payment of luinclpal aiul interest of tlie consolidated mortgage bonds. On
Jan. 1, 1892, there remained of the money so deposited $4,600,815,
S.300,000 liaving been witlidrawn in 1891, as provided for lu trust iufleiiture— see income account below and V. 04, p. 76.o.
In 1889 new bouds were Issued to retire old securities (see V. 48, p.
191 ; also p. 292, 327). The oonsolidate<l mortgage 4s (trustee. Boston
Safe Deposit & Trust Company) cover tlie entli'e property, all old firsts
deposited, aud the subsidy earned and to be earned. (See al)stract of
mortgage in CiiKoxici.K, V. 49. p. 177.) Both series of incomes are
noii-cumnlative and secured by one indenture to the American Loan &.
Trust Company. First orasolidated incomes received 3 per cent interest July 10, 1890, and 3 per cent in Julv, 1 891.
Price of stock— lu 1886. 13:'sai4; In 1887. lH2a22: In 1888, 12^3
16>4:iu 1889,13'«ai8; lu 1890,1633113; lu 1891, 1758^2514; in 1892,
to Jan. 22 Incl.. 20''na23^.
From Jan. 1 to March 31, 1892 (3 months';, gross earnings in Mexican
currency were $1,856,037, against $1,679,908 in 1891 ; net, $549,901,
against $636,190.
The annual report for 1891 In V. 54, p. 745, 760, 763, gave a full
aco<mut of the affairs of the company and its prosijects, witii earnings,
balance sheet, &.O. In the following the gross earnings are given in
Uexlcan currency, all other Itgures in U. S. currency.
INCOME Accotnrr— (c. s. currkncv bxceit gross earnings).
1891.
1888.
1890.
1889.
1,663
1,316
1,527
1,462
Av. miles operated
2,155,000
105,000
2.264,000
1,000,000
47,093,200
934,000
53,840,000
16.730,000
11,724,000
639.400
33.350,000
12,213,000
12,205,000
12,265,000
7,040,000
3,000,000
1,628,000
18,738,204
10,000,000
2,600,000
1,500,000
700.000
eg-
J.
A
J.
7
J.
J.
J.
J.
&
&
&
Julv, -00, last paid,
J.
J.
da
do
Not.
1,
1916
July
Jan.
1,
1,
1911
1987
Jnljr 1,
1926
5,774,331 6,337,225 6,425,694 7,374,539
1,748,4.59
------ 2,096,056 1,978,157 2,068,013
300,000
812,912
601,127
474,922
17,953
22,542
1,273
7
Og.
dc
J.
J.
J.
J.
&
J.
N.T.,aaUatlu Nat. B'k. Jan.
do
do
Jan.
do
do
Jan.
do
do
Jan.
1,
1,
1,
1.
191S
1915
1918
1924
Boston.SafeDep.ATr.Co July 1, 1911
July 1, 1011
Jan. 10, 1939
Jan. 10, 1939
July 1
July 1, 1911
(7Y4
J.
J.
do
4g.
& J.
do
3
3"- July 10 Boston, when earned.
3
&
"eg. J.
6g. M. A
6g. April
6
g.
g.
3ifl
74
May
a.
1.
1
Q.-F. N.
I'a
6
J.
F.
M.
5
4
J.
6
M.
M.
5
&
A
&
&
&
*
June
D. N. T., Nat. City Bank.
42 Pine
Y., office,
St.
July
July
July
1,
1,
1,
1,
May
16,
D.
Now York.
Dec.
A. N. Y. Gr'd Cent. Depot. Feb.
N. N. Y., Union Trust Co. .May
J.
do
do
Jan.
I,
j
1,
1,
1,
1,
1,
I
do
do
do
do
S.
N.
Sept.
I
Nov.
1927
1917
1917
1937
1892
1910
1893
1902
1940
1909
1939
pllcable for the benefit of the five million A and B bonds, leaylng $8,00?,000 applicable to interest upon the llrst mortgage bonds when neteai nings are in dollcit to meet the same, .and afterwards for redemption of
said bonds, suliject, however, to a cliarge of $3.5,000 per 5'ear for five
years, payable to the Mexican N.ationai Construction Company. Negiitiutlons are pending with the Mexican Government for the conversion of the remaining certilicates. The amount due Is about $5,000,000 In Mexican dollars. See V. 51, p. 876.
The new tlrst mortgage for $12,.50O,(K)0 Is a prior Hen upon all the
lines In Mexico, constructed or to be constructed, and Upon the above,
named securities. Tlie bonds are redeemable on notice at par. Trustees Hugh M. Matheson and Charles Magnlac. On Jan. 1, 18!»2, $790,699 ralsbd by sale of first mortgage bouds remained unexpended; $740,975 of this being in capital reserve fund, $141 in betterments f undand $49,383 held for debts of old company. In 1891 first mortje^e
bonds for .$319,000 were called and paid on June 1.
The 2d mortgage bonds, series "A," are strictly cnmiilatlve, and not
foreclosable wiiilo stock remains in trust as below stated the 2d mortgage bonds, series " B," are non-cumulative trustees, Lyman K. Bass
and J. A. Horsey. Third mortgage Income trustees, C. J. Cauda and H.
A. RIsley. Stock, $33,350,000 (par $100), placed lu trust with the
Farmers' Loan & Trust Coniiiany, leaving the road In control of 1st and
2d mortgage bondholders until it earns aud pays interest on both classes
of bonds tor two consecutive years, in which event the control reverts
to the stockholders.
From January 1 to March 31, 1892 (3 months), gross earnings were
$992,784, against $1,044,497 In 1891: net. $29 1,164, airalust $291,140;
other expenditures, $88,2 14, against $134,973; net applicable to Interest on bonds, $203,220, against $159,164, all Me lean currency. See
V. 54, p. 762.
The annual report for 1891, with the balance sheet, etc., was given
at length in V. 54, p. 596, 603. In the following the gross earnings are
given in ilexican currency, all other figures in TT.S. currency.
;
;
INCOME ACCOOST— (U.
8.
CURRENCY EXCEPT GROSS EAKMNGR).
1888.
1889.
Miles operated
1,218
Gross earnings
$2,404,891 $3,660,124
Net earnings
$51,049
$533,354
Interest and discount.
71,023
9,109
Subsidy receipts
194,425
Total net Income..
1890.
1
218
$3,734,966
$661,604
14,671
303,314
1891.
1,218
$4,206,422
$392,788
112,500
Disbursements —
on 1st M. bonds..
on Tex. M. bonds.
$122,072
$736,888
$981,589 $1,005,288
$630,000
60,880
$738,835
6,824
$693,000
60,880
32,119
$809,500
Misc., bet'm'ts, etc....
135,654
412,137
Int.
Int.
Rereii)lll—
Gross earnings, Mex. cur
Net earus., <fec.. U. 8. cur.
Subsidy account
Misccliaueous
Sloelc»-lMM
Dividend.
In tniat.
I'.oiJO
Ipt Moitxtt«:e, HUbsidy, gold,
N. N. T., Fnnn. L. ATr. Co.
8.
&
&
A
6
yi»H//«— Principal. When DOA.
Wboui.
J.
J.
6g. M.
5.54,000
"94
1854
1867
1876
1884
made
$600,000
540,000
1,000
292
292
Central
Payable
ViUiie.
1,560.000
1881
1887
lli«»e Talilfs.
INTEREST OR DIVIDENDS.
Amount Bat* n«p When Where Payable, and by
Oat«tan.UngR»c<J„P«'
$100
1886
IfatoH City
mexl<-au
yy
Total
$697,704
Balance
If
df.$575,632
$785,999
df. $49,111
The "balance receivable from trustees
$945,154 $1,150,972
sr. $36,435 df1I$145,684
of subsidy" wipes out this
deficit.
-(V. 51,p. 569, 876; V. 52,p. 498,532 V. 54, p. 596, 603, 762, 844.)
Mexican Nortlicrn.—Owns from Escalon, Mexico, on the Mexican
Central Railway, to Sierra Mojada. 80 miles, all steel, completed in July
1891. The mortgage, of which the State Trust Co, of New York la
trustee, is for $1,660,000, of which $32,000 has been redeemed by the
sinking fund. This fund receives yearly 3 per cent of the gross earnings and the income from the investincnts of the same. None of the
2,001,605 2,145,524 2,434,842 2,360,554 bonds are subject to call before maturity. Capital stock $3.000.000
Total
117,459 par $100. In February 1892, a quarterly dividend of 1 H: per cent and
8r.223,049 sr. 785,986 8r.l62,395
Balance
an extra dividend of ig i>er cent were paid lu May, 1*3 per cent. Net
earnings for half-vear ending Deo. 31, 1891, were $213,141; fixed
II Tlie balance to credit of income account December 31, 1891, was
Total net Income
2,224,654 2,931,310 2,597,237 2,368,<J13
Dinttarsements —
316,313
Interest on coupon notes
91,981
Interest on 1st mortgage... 1,357,717 1,767,395 2,406,114 2,321,180
250,000
180,067
28,467
Interest ou debentures
261
39,374
105,881
Miscellaneous
77,575
;
;
$.503,328.
-(V. .52. p. 203, 390, 681,
745, 760, 763.)
Tie, 7*3,831; V.
53, p. 21, 436; V. 54, p. 159,
niexlcan National Railroad (Mexico).- Owns from Laredo
to City of Mexico, 842 miles; Acambaro to Patzuaro, 90 miles; El
Salto branch, 45 miles; Matamuras to San Miguel, 76 miles; small
branches, .5 miles total owned, 1.064 miles; controls through ownership of stock, Texas Mexican Railway, Corpus Christi to Laredo,
Texas, and branch, 163 miles; other lines, 5 miles; total owned and
controlled, 1,232 miles.
The foreclosure of the fonner company (Mexican National Railway)
took place on May 23, 1887, and tiio present company acquired 716
miles of road. It also controls the Texas Mexican Railway, owning all
its tirst and second mortirage lionds, and $2,453,750 of its capital stock
out of a total issue of $2,300,000.
The subsiily from tlie Mexican Government was $7,000 Mexican currency per kilometer. Prior to default the former railway company
pleilged $2,3(H).000 subsidy certilicates to secure $3,(KK).0(K) of llrst
mortgage bonds, and at the re-organization this amount liecame
applicalile to certain of the A and B lionds for wliicli tlio $5.0(K),0(X)
olif tirst mortgage bonds were exch.tnged. In the re-organl/.ation also,
7,000,000 subsidy corts. were pledged as additional security tor the
t 12,.300.0(>0 new tlrst mortgage lionds, .$3,000,000 of which subsidy
was tiieu delivered to tlie trustees aud $4.(K)0.(K)0 remained to be
earned. The coustruction of the 363 kilometers (330 miles) In the main
line earned $3,y41,(X>0 of subsidy, but of this amount $939,000 is ap;
JM
charges, $49,800; sinking fund, $20,661; balance, surplus, $142,680.
.Michigan Central. (See Hap New York Central it Hudson
Rirer.)—Ci^K of Road.— Main line— Kensington to Detroit, 270 miles,
and Windsor to Suspension Bridge (Canada Southern), 226 miles;
total
main
line, 4i)6 miles.
Branches owned and leased— Michigan
Air Line Railroad, 115; Joliet <& Northern Indiana, 45; Grand
River Valley, 84; Jackson Lansing & Saginaw, 295 Kalamazoo it South
Haven, 39; Detroit cfe Bay City, 151; Saginaw Bay & Northwestern,
87; Toledo Canada Southern it Detroit, ,59: Canada Southern Bridge
Company, 4; Michigan Midland & Canada. 15: Canada Southern
branches, 101 Samla Chatham * Eric, 7; Erie & Niagara, 31 Battle
Creek and Sturgis, 34 other, 32 total branches. 1.099 miles; trackage
Illinois Central, 14 miles; total operated .laniiary 1, 18!t2, 1,.593 miles.
There are 244 miles of second track and 776 miles of side tracks.
OKOASIZATION, LEASES, itc— The Michigan Central was chartered In
1846; the whole line, Detroit to Kensington, was opened in 1832. The
lines descrllied above as leased aro all held by the Michigan Central
nominally under leases at llxed rentals, but are practically owned.
In November, 1882, a close contract was made with Canaila Southern
for working its road by tlie Michigan Central and for the division of net
profits over all charges as follows—one-thlnl to Canada Southern and
two-thirds t«i Michigan Central but the Michigan Central is entitled to
an Increase on this projMirtioii as it diminishc-s its interest charge by
payment of bonds or otherwise, and hence it now obtains more than
two-thirds of the net income.
STOCKS AND BONDS.— The MloMgan (Antral stock has remained at tbe
same amount since 1873.
:
;
;
;
;
:
c.
;
INVESTORS' SUPPLEMENT.
80
Snbscribers
irlll
[Vol, tiTV.
confer a £*«&* favor by glrlag Imniedlate notice of any error discovered tn titeae Tables.
INTEREST OR DIVIDENDS.
RAILROADS.
Boiiffs— Prlnoi
Miles Date Size, or
pal, When Due.
Amoont
per When Where Payable, and by Stocks— LMBt
Par
of
For explanation of column headings, Ac, see notes of
Outstanding Rate
Cent.
Payable
on first page of tables.
Road. Bonds Value.
Whom.
DiTidend.
Miehigan Central.— ( Concluded.)—
Qrand River Valley stock, 5 per cent rental
cAr
Detroit & Bay City Ist mortgage endorsed
Bridge bonds
M. C. IstM.on Det.&BayCityKK. (regis Q.— M.jc&r
—
Jack. Lans. & Sat. eon. M.,ext.in 1891, assu'd.cir
Bay City &. Battle Creek 1st raort., cold, guar.
Battle Creek & bturgis Ist mort., gold, guar
c*
Middletown Un.di If. Gap— Ist M., ext.ln'86
2d mort. guar, interest, reduced to 5 per cent...o*
Milwaukee Lake :^hore <£ ire«(cr«—Common stock.
Preferred stocK. 7 per cent
Consol. mort. (now 1st mort.) $12,000 p. m. gold
Michigan Diy. 1st mort. (for $3,000,000), gold.c*
Ashland Division 1st mortgage, gold
c*
1st Ms.Hurleyife Onton.br'che8,gold,(dr'nat 100).
Conv. debentures, secured by mort of 1889, g. -C
Ext. & Imp. M. for $5,000,000, gold.s.f not dr»n.e*
Income bonds (not cumulative)
r
Equip, bonds 1885 ($100,000 drawn yearly) . .o
St. Paul East. Gr'd Trunk lst,M. gold,int. guar.c*
.
.
.
$50
1872
1,000
1873
1,000
1881 l.OOO&c
84
147
i47
295 71&80 1,000
18 1889
41 1889
13 1866 100 Ac.
1871 500 &o.
100
.
3,576,000
2,274,000
250,000
421,000
150,000
250,000
2,650,000
5,000,000
5,000,000
1,281,000
1,000,000
100,000
544,000
4,104,000
500,000
300,000
1,120,000
1,430,000
520,000
239,000
lOfl
1881
1884
1885
1886
1887
1889
1881
1885
1883
1882
1882
1884
85
40
16
531
531
.
Milwaukee dc Lake Winnebago— l8t mort., gold. .c*
Income mort. (cumulative), gold, Interest paid. o*
Debent., convert., gold, see remarks
c*
$491,200 5 per
274,000
8
150,000
8
56
65
65
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
an.
5
5
3g.
I'7
3I3
§«•
6
t
&
&
&
&
&
&
&
&
&
S.
s.
D.
D.
N.
D.
&' A.
&
&
N.
&
N.
J.
g.
^
I'6
&
?«•
5
J.
N.
N.
g.
6g.
J.
N. Y., Union Trust Co. Jan. 10, 1892
do
do
do
do
do
do
May
May
do
do
do
do
do
do
1902
1903
1931
1901
Sept.
Dec.
1989
Dec.
1989
N. Y., N. Y. Susq. & W. Nov.
1911
do
do
Dec.
1896
N. Y., N. Bk. of Com'rce. Feb. 16, 1891
do
do
Feb. 15, 1892
do
do
May 1. 1921
do
do
July 1, 1924
do
do
Mch. 1, 1925
N. Y., Oflace 52 Wall St. Apr. 1, 1896
N. Y., Bk. of Commerce, Feb. 1, 1907
do
do
Feb. 1, 1929
do
do
May 1, 1911
N. Y., OflBce, 52 Wall, Jau. 1, 1895
do
do
Jan. 1, 1913
N.Y., 36 WaU St. & Boat, July 1, 1912
do
do
July 1, 1912
do
do
Apr. 1, 1904
Mch.
1,
1,
1,
1,
1,
1,
1,
1,
Dividends since 1870— In 1870-71, 10 per cent; 1871-72, 10; 1872-73,
1889.
1888.
1890.
1891.
5 and 4 in scrip; in 1874 to 1877, inclusive, nil in 1878, 2 In 1879, 3I2;
S
S
S
Si
Jnl880, 8; tnl881, 6ia; in 1882, nil; in 1883, 5; in 1884,3; in 1885 Gross earnings
2,836,783
3,474,667
3,848,567
3,534,104
and 1886. nil; in 1887 and 1888,4; in 1889,4; in 1890, 5; in 1891, Net earnings
1,091,774
1,520,463
1,432,637
1,316,457
5; in 1892, February, 312.
Other receipts
12,989
15,294
24,866
4,750
Price of stock: In 1880, 75®130i8; in 1881, 84%®126i2; in 1882,
77'al05; inl883, 77®100i8; in 1884, 51%®94i2; in 1885, 46i2»79%;
Total net receipts. 1,104,763
1,535,7.57
1,457,.'503
1,321,207
80®95i3;
6112*98%;
in
in
8413
In 1886,
1887,
1888, 72®92%; in 1889,
Interest paid*
671,499
579,305
703,0.50
748,746
319914; in 1890, 83®104%; in 1891, 87i2®109Te; in 1892, to May 20, Rentals and miscel..
31,764
29,593
39,590
37,869
Inclusive, 104® 116.
Dividends
490,000
300,000
506,289
350,000
The Jackson Lansing <fe Saginaw bonds were assumed by Mich. Cen- Rate of dividend
6 on pref.
7 on both.
7 on both.
7onpref.
which
also
per
year
on
stock
tral,
pays $70,000
the
of $2,000,000.
The total issue of Battle Creek & Sturgis bonds is .$500,000, but of
Balance
195,865
342,494
J210,295
J182,871
this $79,000 was subguaranteed by the Lake Shore & Michigan Southem, 7 miles of tUe B. C. & 8. being operated by that company.
{ Of this $160,000 was used for sinkingfund and redemption of bonds
Operations, Finances, &c.— The road is operated under a close con(V. 52, p. 121, 126, 278, 280, 532; V. 53, p. 95, 673, 921; V. 54, p
tract vFlth Canada Southern, and the earnings of both roads are Included
119,328, S96.)
In the statJ.itics below.
The annual report for 1891 stated that nothing had been charged to
irailwankee ic Lake- Wtnncbaaro.— Owns from Neenah to
either the construction or equipment account since 1883. All better- Schleisingerville, Wis., 65 miles. Built in 1882 ami leased for it9 years to
ments during the eight years since that date have been charged to Wis. Cent, at 3713 per cent of gross earnings as rental but after $175,operatiug expeus s or income account. The funded debt was reduced 000 per year is received, the I):ilance of net earnings is tfl be equally
In 1891 to $44,442,000 by the purchase and cancellation for the sinking divided. The $1,000,000 dcbeutures were autlnu-ized to be issued as refund of $250,000 in bonds secured by the first moi'tgag .
quired for improvements, and tliey are convertible on an.v coupon day
The operating expenses in 1891 include $1,016, 3i>7 expended for ad- into preferred stock; tlie lessee pays iutercst on tln-m during tirst ten
ditional second track, 43-35 miles, aide-tracks 3877 miles, changes of years after issue. Preferred stock, 6 per cent cunnilativ(-, $780,000;
gr.-vdes and of line, and new and heavier iron bridges.
They also in- common stock, $520,000 :par of shares, $100. Divideml of 3 per cent
clude $974,890 for new eiiuipment purchased. This sub.stituted new on prefeiTcd stock was paid July 15, 1888, IOI2 in 1889; 9 in 1890,
large modern equipment for that worn out and retired, and also in- and 412 in Jauuary, 1891. PrefeiTcd stock is now regularly paying
creased it by 11 locomotives, 5 passenger cars and 257 freight cars.
(Feb. and Aug.) its dividend of 413 percent, being regular pretereuceoi
The annual report for 1891 was in V. 54, p. 760. See also V. 54, p. 742. 6i)ercent, and. on account of accrued back dividend. iin additional 3
))ei cent
i. e., 9
per cent per annum in all. In 1890-91 rental was
1888.
1889.
1890.
1891.
$198,591; in 1890, $211,109; in 1889, $186,378.
Miles operated
1,537
1,.540
1,609
1,609
Gross eanilngs
$13,770,523 $13,786,925 $14,490,711 $15,16-',960
miwankee & Northern.—Sehwartzburg, Wis., to Champion, 254
Operating expenses. 10,086,606
9,895,158 10,731,754 11,107,569 miles; branches Skidnan to Ontonagon, 47 miles; branches, 61 miles;
total, 362 miles. Iu September. 1890, the Chicago Milwaukee & St.
Netearnlngs
3,683,917
3,891,767
3,758,957
4,055,391 Paul gave one share of its common stock for each share of the Milwau73-24
F. 0. op.exp.toeams.
71-77
7406
7a-25
kee & Nortliem.
mCOME ACCOUNT.
From July 1,1 891, to March 31, 1892 (9 months), gross earnings were
$1,344,230 .against $1,229,846 in 1890-91; net $500,080, ag.ainst
1888.
1889.
1890.
1891.
(C
a>
In year 1890-91 gross earnings were $1,630,441; net,
$472,181.
S
;
;
.
—
;
—
—
ti>
Net, Incl'g other inc.. 3,739,193
3,816,450
4,114,019
184,310
2,336,782
Miscellaneous
15,938
Can. Southern share..
339,161
....
2,876,191
863,002
(4) 749,528
184,310
2,328,216
7,731
407,444
184,310
2,270,022
355,633
446,776
2,927,701
1,010,732
2,944,688
871,762
2,886,063
1,227,956
(5)
936.910
184,310
2,2."»4,977
134,7-23
(5)
9;;6,9l0(5i2)
IU306O1
Snrpliw
113,474
"197.355
73,822 def. ^.),148
" Balance to credit of Income accotiiit Dec, 31, 1891, was $2,296,747.
—(V. 51, p. 680, 909; V. 52, p. 717, 831, 973; V. 53, p. 337, 968 V. 54,
p. 742, 760.1
middle Georgia
Atlantic —In operation from Maachen to
Eatouton, Ga., and projected from Savannah to Atlaut.a, about 236
miles. Coustructiiiu nndcrtakeu by the Seaboard Couatruction Company, which owns most of the stock. J. 1). Weed, Prcs't. (V. 53, p. 126.)
Mlddlctown ITnionvlIIe /Ic Water Oap.— Owns from Middletown, N. y., to Uuicmville, N. J., State line, 13 miles. Stock, $149,850
Is controlled tiii-ough oivnor.<liip of stock by New York SusI»»r, .$50.
3uohanua & Wo,-*torn, wliicli pays interest on bunds. In year ending
uue 3i), 1891, net iucome from operation, $12,968; deficit under tlxed
ehargcs, $8,905.
;
&
&
nilluaiikcv Cake Shore
WpMlcrii,— Owns Lake Shore
Junction to Ashland. Wis., 387 miles; Monieo to Hurley, 88 miles;
braiichej* iu (.-teveu nuiiil)cr) to Oslikosli, Waiisau, .fee, 169 miles;
liriiuclie-i to iiiiuus, 33 miles
spurs to millrt, Ac, 47 miles total owued,
7'^i iiiHet* U',ase.'<, Milwaukee to Lake Sliore Juuetiiiu, 4 miles; St. P.
Clintou
(». T.,
to Ocouto. 33 luilen. and spurs, 4 uiile.-' total leaseil. 64
miles; t4ital owned and li-a.-<e(l, 788 miles: hut only 753 miles operatwl,
30 miles of spurs beiuc leaseil to vari<ius mauufacturers.
IuDe»!emi>er, 1891, the stock was cxchauged for stock of the Chicago
6 Northwestern Kli. Co. on terms meutioued under the title of that
;
K
(V. 50, p. 205, 590, 834; V. 51,p. 240, 275, 383. 416.)
Mich., to Calumet, Mich., 15 miles;
Franklin
Station to Franklin, 2 miles; total, 17 miles (3-foot
branch,
guage. This rciiwl was under tlie H. S. Ives' management, aiul Oct. 1,
1887, defaulted in paynieut of interest. The receiver appointedin June,
.1888, wasdiseharged Novemb(^r30, 1889, aud road restored to eompany,
Iu 1891 the old lauids were nearly all retired, the new capitalization
lieing $400,000 stock and $600,000 consolidated first moitgi.ge bonds.
The new bonds cover all tlie property, including$250,lK)0 of ilancock<&
Calnnu^t stock, wliieli is five-sevenths of the whole issue.
From Jau. 1 to March 31, 1892 (3 mouths), gross earnings on 17
miles were $32,233, against $28,428 in 1891; net, $13,u55, against
$12,827.
In 1890 gross earnings, $125,469; net, $62,666. Gross earnings
President. Charles Bard: Secretary,
1891, $146,.505; net, $71,556.
John Tully.40 Wall Street. (V. 52, p. 390, 571 V. 54, p. 557.)
.tllnneapolls&St.LiOulH.— Owns mainline, Minueai>olis to Angus,
la., '2.59 miles; Pacific Divisnm, Hopkins to Morton, 92 miles; Kalo
Branch, 2 miles; Lake Park Branch, II2 milen; total ojierated. 354is
miles. U-iwes ti-ackage from Minneapolis to St. Paul over St. Paul &
Noi-tlH-m Paeitlc Railroad; svlso owns from Minneaixdis to White Bear,
$619,802.
.mneral Kanue.— Houghton,
Bentalspaid
Interest on debt
Total
Burphisfordlv'ds
Dividuuds
3,938,433
;
;
company
;
iu this Sui-fi.kmknt.
delMUitures arc convertible into stock at par at any time
d:ite ttXB<l for payment of dividends on ciiuiruoii
stock. The c<iui(iuieut bonds of 18S5 are sulijeet to call $]00,(M)0 [icr
yeiirat lO.~>, ami the Outouagou 1st inort,$age $25,000 per year at par,
and all tvde«^nialde at lo.>.
The exti-nsiiin ami improvement mortgage of 1889, (trustee. Central
Trust Ctiuipauy), covers the whole road, subject to pricuuioitstaires, ami
is a llrst lieu on new hranciie-4.
Uinler it are reserveil sntfieieni honils
to retire the deheutures of 1887. Its sinking fuu<l lomm.-m-is in 1893.
and will rec<;i\e ye:uly not less than $25,IX)0; the e bonds are not
subject tn -all.
Tue annual report tor 1891 was in V, 54, p. 596.
I'he
withinten cbiys after the
m
;
is leaseil to the St. Paul it. Dulnth Kailroiul.
Pacific, Red Wing, Minn., to Mankato, 95
and M(»rton, Minn., to Watertuwn Junction, Dak., 121 utiles, i»
loiiBOd aud operated by tills coinpauy, l)ut the Minneapolis & St. Louis
has no obligation for its $3,228,000 bonds, all of which are pledged under
12 nules, which
The Wisconsin Minm>sota &
miles,
lUH'.k Island A Paeiiic collateral trust inortgaire.
'f he stocK
& P. is owued by the Chicago Rock Island cte Pacific RR.
the lioiids issuoil under the 1877 iiiortira«e, due June, 1927, those
numlien-d from 1,101 t» 1,400, for $.500 each ($1.50,000 111 all. In addition to those aliove). were a-ssumed bv the Buriiuirtou Civlar Rapids <fe
Preferred stock, $t,<iOO,000 issued; coniniou stock,
Noi-thern RR.
$i!,iM)o.ort0 issued : par of botli .$100 per share. The Jan., 1888, coupon
on eqitipnient bonds went to detault. W. U. Truesdale. Pi-esideut, was
<t|qMiiiiti-d receiver in June, 1888. in the foi-ecbisiiresuit under improveTlie suit is piunllug and reorgani/.ation
ineiit and e4|ni)Miieiit UKU'tgage.
has tievu long delayed. The last c<nipon jiaid on each issue is shown
ill till- lalde alinve.
V. .54. p. 702.
the (Chicago
of the W. M.
(it
l-'arniers* Loan & Trust Company brought suit in May, 1891, to
possession of that portion of tlie road covered by the mortgage of
Tile case w:is appealed to the Supremo Court of
Miiim-sofa. See V. 52, p. 718, 940.
Ill May, 1892, it w.-is reported that a motion would soon bo made for
the ilisehiirgo of the receiver, the claim being that the earnings are
sulHcienl to meet fixed eharjies.
I'l-.nii .Inly 1. 1S91, t»i Marcli 31, 1892 (9 mouths), grosseariiimrs were
fl..".2:i.9.")0aifaiust $1,221,495 in 1890 1; net, .$673,668 aasi. $458,521.
i-i-c^ii year ends .luiie 30.
Report tor 1890-91 was giveu in full io
CUKO.MCLK, V. 53, 11. 602.
Till-
iTi't
wliieli it is trustee.
Mat,
KAILKUAD STOCKS AND BONUS.
1892.]
81
Subscribers irlU confer > ereat favor by ieItIbk Immediate notice of any error dlacoTered In these Tables.
RAILROADS.
For explanation of column headings,
on llr«t i>age of tables.
Miles
of
&o., see notea
Par
126
362
53
17
27
93
15
102
300
53
224
92
<t
rf-
.
o*
Pacillu extension, iBt uiortgiitfc, Kold
Jfinn. St. Paul it Sault Sle. J/«rt«.— Common stock.
1880
1884
1891
1877
1877
1877
1879
1882
1880
1880
1881
l*ref erred stock
495
286
—
Kansas <£ Ti'sits. Common stock
rretcrrcd stock, 1 per cent non-cumulative
Tebo. & Neosho 1st mort., gold, B. f., red. at 100.
100
New 1st mortpiKB, gold
1,601
New 2d mort., (income till Aug.. '85) gold
1,601
Dallas AWaco 1st M.,$20,0t)Op.ni.,g.,p.&l. gu.0'
67
Bher. Den. & Dal. 1st M., ($20,000 p. m.) g. gu.,e*
10
Boonevllle Hridge, leased,lstM.,g.,gu.,dr'n at 100
Missouri I'aci tic—Stock
Pro. KR. of Mo. Ist mort., extended in 1888, gold 283
283
2d molt., extended in 1891 in gold
o
Uittnotiri
1st mort., real estate, extended in 1892, gold...
iBt mortgage Carondelet Branch, guar
3d M. (cover'gall property of Pacllio RR. of Mo,
ist mort. on St. LouiB
$1,000
1,000
50
500
1,000
500.SE0.
1,000
1,000
1,000
1,000
1,000
1,000
13
296
&
lyexington (Mo. Paclflc).
55
Consolidated mortgage. $30,000.000. gold
e 1,076
1886
1886
1888
100
100
1870
1,000
1890 500 Ac,
1890 500 Ac,
1890
1,000
1891
1,000
1,000
1873
100
1,000
1868
1871
1,000
1872 500 dec
500
1873
1,000
1876
1880 500 Ac
1,000
1880
1888-89.
1889-90.
1890-91.
996,559
1,507,124
1,001,950
1,605,364
1,069,146
Operating expenses and taxes
Net earnings
Total net Income
Dtduet—
333,960
431,665
505,174
612,041
536,218
851,477
Rentals
63,873
9,800
62,281
312,873
65,025
217,860
Interest paid during year
Total
73,673
282,885
375,154
*368,592
236,887
Balance over i-Jterest and rents paid. 357,992
* Additional expenditures out of Income for lowering and bridging
tracks in MinnoapollB, new machine shop, equipment, Ao., $269,294.
—(V. 52. p. 321, 0O8, 642, 681, 718, 940; V. 53, p. 368, 436, 602; V.
54, p. 443, 721, 762.)
ininneapollii St. Pan! Sc Sanit Ste. IHarle.— C<Sec Map.)—
Owns Minneapolis to Sanlt Ste. Marie, Mich., 491 miles; branches, 16
miles; from Minneapolis northwest to Merricourt, No. Dak., 296 miles;
HankiUBOn to Valley City, No. Dak., 82 miles; total completed, 885
miles. Formed May, 1888, by consolidation of the Minneapolis Sault
8te. Marie A Atlantic, Uie Minneapolis & Pacilic, etc. (See V, 46, pp.
538, 609.) Controlled iu the interest of the Canadian PaciUc, which
unconditionally guarantees by endorsement 4 per cent interest on the
bonds. (See V. 50, p. 784; V. 51, p. 239.) About one-half the Minneapolis A Pacitie l)onds and practically all of the other issues have
assented to the reduction of interest to 4 per cent. See under Canadian Pacific, CiiKosici.K, V. 54, p. 799.
Abstract of MinueaiwUs Sault Ste. Marie A Atlantic mortgage In V. 45,
p. 243. The consolidated mortgage of 1888 (trustee, Ceutial "TrustCompany, mortgage abstract Chkonicle, V. 47, p. 142) wlU retire the prior
bonds at maturity; see V. 52, p. 608. Stock—common, $14,000,000;
preferred. $7,000,000; par, $100.
Car trusts March 1, 1892, $119,527,
due in 1896 and 1897.
From Jan. 1 to March 31, 1892 (3 months), gross earnings were
$684,432, against $456,111 In 1891; net. $224,511, again,st $149,993.
In year 1891 gross earnings, $2,590,896; net, $990,016; Interest on
bonds, $846,036. rentals, Ac. $115,364; balance, surplus, $28,616. See
V. 54, p. 847.
In 1890 gross earnings, $2,013,370 net, $669,004. (V.
51, p. 239, 416; V. 52, p. 280, 608,)
IHlssourl Kaimas Sc Texas.— CSe« Map.) Road Owned A!n>
Operatku.— Owns from Hannibal, Mo., to Deulson, Texas, 577 miles;
branches. Parsons, Kan., to Junction City, Kan., 157 miles; Denlson,
Tex., to Whitesboro, 25 miles; Fort Worth to Taylor, 162 miles; Denlto Mineola, Texas, 103 miles three small branches, 20 miles; total
owned, 1,044 miles, not including 54 miles leased to the Missouri
Proprietary lines In Texas (entire stock owned): Denton,
Pacilic.
Texas, to Dallas, Texas, 37 miles; Dallas to Greenville, 53 miles;
Whitesboro to Henrietta, 87 miles; Taylor to Boggy Creek, 90 miles
San Marcos to Lockhart, 16 miles; Trinity to Sabine, 67 miles; Dallas
A Waco RR. Dallas to Milford, 51 miles (extension since completed,
16 miles); total proprietary lines, 401 miles; total length of all owned
lines operated, 1,445 miles.
Operates jointly with Texas A Pacific— Fort Worth to Whitesboro, 71
miles. Leases Kansas City A Paclflc Railway— Paola to Stevens, 130
miles; S. D. A D. Railway— Denlson to Sliernian, 10 miles; total operated 1,656 miles. Also Of)erates the Denison & Washita RR., 15 miles.
The Holden branch additional, 54 miles, is owned by Missouri Kansas A
Texas, l)ut leased to Missouri Pacitie. East Line A Red River RR.—
JeSferson to McKiuney 153 miles (of which 121 mUes narrow gauge)
Is operated separatelj' by W. M. Giles aa receiver.
A line to St. Louis is proposed; Bee l>elow.
ORGANIZATION, HiSTDKV,
The Mis.sourl Kansas ATexas Compnay
was organized April, 1870. In May, 1881, It was leased to the Mo. Paclflc, but on June 1, 1888, default w.ob made on interest payments and a
foreclosure suit was begun. Reorganized In 1890, without foreclOBuro,
In accordance with the plan of the Olcott Committee in V. 49, p. 719,
the old first mortgage being paid off at par. The receivers were discharged July 1, 1890. See V. 52, p. 899; V. 53, p. 21.
In Octolicr, 1891, the "M. K. A T. Railway Co. of Texas" was
f orraed,with a capital of $8,000,000 to consolidate all this company's
roads in Texas. V. 53, p. 640.
In March, 1892, it was reported that the Missouri Kansas A Eastern
which is intended to give the M. K. A T. a line to St. Louis, would be
completed January 1, 1893. Sec. V. 54, p. 433.
The East Line A Red River RR., most of whose securities are owned
by this company, was sold In January, 1892.
The company has a land grant in the Indian Territoirof 3,622,400
acres, sulycct to the extinguishment of the Indian title. The Boonevllle
Bridge (,'onipany is a separate organization.
In 1892 all interest In the stock of tlio International A Great Northern
Railroad was sold to Missouri Pacific parties. V. 54, p. 366.
STOCK AND BoNi«.— The new stock is $13,000,000 4 percent noneuinulatlve preferred and $47,000,000 common. Price of new preferred stock: In 1890, leia^Slig; In 1891, 19%®29^; In 1892 to May
to. Inclusive, 27^33%.
Full abstractsof the new flrst mortgage(truBteo Central Trust Company)
and of the new second mortgage (trustee Mercantile Trust Company)
were In V. 51, p. 495. Both mortgages cover the securities of proi>rie4x7 lluee, as vroU as the lines owned directly. Payment of luterost on
;
on
;
—
Ac—
Jane
June
1,
1,
1910
1913
Jaa. 15, 1892
Jan. 1, 1931
Jan. I, 1907
June
July
Dee.
1,
1,
1,
1,
1,
Jan.
Apr.
1,
1,
May
June
1927
1907
190*
1922
1910
1891
1921
7,(H)0,<)0<)
10,(KI0,0O0
1,000
1,000
1,000
1,330,519
I'I'?»•
l"I'7 g.
6«-
4,000,000
636,000
500,000
1,382,000
11,000,000
4,290,000
6,710,000
47,000,000
4
4
4
A
A
A
(5) g.
(5) g.
(5) g.
A
J. N. Y., Morton, B.
do
J.
do
do
J.
do
July
Co.
Jan.
1,
1,
July
1,
June
June
June
1,
1,
1,
1,
1,
1,
192<
1936
1938
13,O(M),()00
187,000
39,774,000
20,000,000
1,340,000
200,000
726.000
7 g.
47,432,850 See rem.
7,000,000
2,573,000
800,000
245,000
3,828,000
650,000
5
14,904,000
6g.
««
A D. N. Y. Office, 45 WaU St,
A D.
do
do
A A. 1st coup, paid Feb. '92,
M. A N. N. Y. Omce, 45 WaU St.
M. A N.
do
do
M. A N.
do
do
Q.—J. N. Y., MeroantUeTr. Co.
F. A A.
do
do
J. A J.
do
do
M. A N
do
do
A. A O.
do
do
H. A N.
do
do
P. A A.
do
do
H. A N,
do
do
J.
J.
F.
Nov.
May
May
July 15,
Aug. 1,
July 1,
July 1,
Oct.
Not.
Aug.
Not.
1,
1,
1,
1,
1998
1990
199«
1940
1921
1904
1891
1938
1938
1938
18»S
1904
192*
i»ao
new second mortgage bonds
is not obligatory till after Atig. 1, 1899,
not cumulative, but in Feb., 1892, the coupon of 2 per cent was
is guaranteed on $2,500,000 Kansas City A Paolflo 4
per cent bonds and $752,000 Boonevllle Bridge 7s, and prinolpal and
interest on Dallas A Waco bonds (iBsue limited to $2,000,000), and (by
endorsement on the bonds) on the Sherman Denlson A Dallas bonds
the
and
Grosseamings
N.Y.,Ch. MU.A8t.Paul
do
do
Pblla.,Offlce, 1 19 8. 4tb.
New York, Agoney.
Last paid July, 1891.
lAst paid June, 1890.
Last paid May, 1891.
Last paid Deo., 18H7.
Last paid July, 1887.
I>ast paid Deo., 1887.
I^ast paid Jan., 1888.
Last paid Oct., 1890.
6
6
$2,155,000
4,003,000
4,081,900
600,000
455,000
050,000
280,000
1,01.5,000
100
100
0JI.8. 8t. M.&At. l8t M. g
Minneapolis & PacHlc. Ist M., $15,000 p. m., g..O'
Consol. M. (for $21,000,000). $20,000 p. m., g. .c*
&md«—PrSei
paltWbea Doa.
Amount
per When Where Payable, and by Sloekt—ltmt
Outstanding Rate
Cent.
Payable
Whom.
Dividend.
Road. BondB Value.
Xorlhrrn—\at mort., 8cliwarz.to Or. Bay.c
CouB. M. ($17,000 p.ni.),l8t M. north of Gr.Bay.c*
Uine Hill it- Sirlniylktll i/«ren— Stock 7H p. e. rental
Uineral /^niii/f— New conBOl. M., Rold, red. at 105..
St. i.— 1st M.,Mlnn.t(>Mcrriam Jo.o*
Uinnetipolin
0*
l8tniort.,M<iTiaiu Junction to State Line, gold.
•
iBtM. Minn.&Uul.,Mlnn.to White IJ.Lako
iBt mort., Rold, coup. (AI. Lea to Fort Dodge) .c*
Imp. & equip. M., lHt<t2dsor.,Juu. lieu on road.o*
Mort.on Soutliwestern e.ttcnBionC^ia.OOO p.m.)o*
2d, M.,lnc.,red.at 100, K.(WliltcH'r to tt.Dodgejo*
UUk.
Size, or
of
INTEREST OR DIVIDENDS.
Date
is
paid.
Interest
(issue limited to $1,600,000).
From Jan. to May 7, 1892 (4^4 months), gross earnings (partly estimated), including K. C. A Pacific, were $2,773,525, against $2,815,831
in 1891.
From July 1 to December 31, 1891 (6 months), gross earnings wers
$5,629,052; net, $1,726,523.
Report fsr 1890 was In CHRONICLE, V. 52, p. 640. Earnings, etoi, havs
been as in the table )>elow. In 1891 gross earnings, partly estimated,
were $9,485,635, against $9,004,007 in 1890.
TRArFIC AND EARNINQS.
1889.
1890.
Miles operated (average)
1,711
1,777
Total gross eaniings
$7,922,444
$9,004,005
Oper.iting expenses
$6,245,006
$6,351,862
Net earnings:
$1,677,438
$2,652,143
P.c. of op. cxp. to earns, (exclu. of extraod'y
70'54
7022
RECKIVER8' INCOME ACCOUNT.
1889.
—
1890.
$
$
$1,737,622
$2,701,489
Disbursements
Interest on bonds, etc
Rental K. C. A P. RR
$99,648
Taxes
187,266
$62,931
99,096
162,280
Receipts
Net earnings, including other receipts
—
Total disbursements
Balance
—(V. 52.
$286,914
$324,307
$1,450,708
$2,377,188
204, 428, 463, 609, 640, 641, 796, 899, 902, 973; V. 53,
p. 21, 95; V. 54, p. 159, 288, 433. 441, 443, 444, 844, 845.)
inilssonrl Pacific.—Road Owned and Operated.—Operates mala
line St. Louis, Mo., to Omaha, Neb., 496 miles ; Pleasant Hill, Mo., to
JopUn, Mo., 133 miles Verdigris Valley Independence A Weetiem RE.
and extension— Leroy to Deerlmr, Kan., 81 miles; Leroy A Caney Valley— Rojier to Peru, Kan., 52 miles small lines in Kansas, Missouri and
Nebraska, 780 miles total Missouri Pacific system proper, Jannary 1,
1892, 1,542 miles, of which 1,241 miles are owned and 301 miles operated under lease.
Also operates certain " branch lines " which haTS
separate oori>orate existence, but which are nevertheless an integral part of the system, most of their bonds being pledged to secure Mlasourl Paoms
issues. The branch linns luolude the Kansas A Colorado Pacific, affording a direct line from Ottivwa, Kan., to Pueblo, Col., 540 miles, anl
having a total mileage operated of 1,519 miles, this including the
Pueblo A State Lino RR., 152 miles, leased. Other branch lines, 130
miles. Their total mileage January 1, 1892, being 1,649 miles. Total
MisBOuri Pacific and branch lines, 3,191 miles.
Also operates Central Branch Union Pacific, 388 miles Sedalla Warsaw & Soutlnvestem. Sedalla to Warsaw. 43 miles ; St. I,x)uls Iron Moontain A Southern and leased lines, 1,547 miles Houston Central Arkansas A Northern, McGehee, Ark., to Riverside, La., 119 miles. Grand
total Missouri Piicific mileage Janu.ary 1, 1892. 5,289 miles.
ORGANIZATION, LEASES,
Thc Paciflc RK. of MIsBourl was sold la
foreclosure September 0, 1876. The present company was a oonsolldation In August, 1880, embnicing the Missouri Pacific and minor roads.
The St. Louis Iron Mountain A Southern stock is mostly owned by the
Missouri Paciflc, much of it having been acquired in May, 1881, by exchange of three shares of Mo. Pac. for four sliares of Iron Moimtain.
Complete control of the International & Great Northern was secured in
the inti'rest of this company in 1892. See V. 54, p. 366.
Stock and Bonds.— Under the new regime the payment of dividends
was beifun on the present stock in 1880, in which year lia per cent was
paid. Dividends since have been: In 1881, 6; in 1882,6'*; in 1883
to 1887, inclUBlve, 7 yearly; in 1888, 5>4; in 1889.4; in 1890,4; in 1891,
January, 1 April. 1 July, 1. The October dividend was passed, as
alio the dividend due in January, 1892.
Price of stock— In 1883, sea-ioe's: in 1884, 63>3»100; In 1885, 89>«
®111%; iu 1886, 100^31119; in 1887, 84^3112; In 1888. 6e>4»89\;
In 1889, 6413378; In 1890, 53»79>4; in 1891, 54>t»77'«j in 1892.
p. 121,
;
;
;
;
;
AC—
;
to
;
May 20 inclusive, 5038365%.
The oou.solidated mortgage above is for $30,000,000—trustees John P.
Dillon and Edward D. Adams. Of the con olidatc<l bonds the balance
unissued is in the hands of trustees to redeem prior bonds as th^y fall
due. See al)stract of iiiortgiige in CHRONICLE, V. 47, p. 287.
jg
The oollateial trust bonds due 1917 (Union Trust Conii>any of New
York, trustee) are secured by mortgage bonils of new roads at $12,000
or $15,000 per mile. For securities pledged. Ac., see V. 4(>. p. 678.
As to collateral trust bonds due in 1920, see V. .50. p. 669. 874. An
Increase of stock to $55,000,000 was authorizoil in July, 1890, of which
$1,000,000 to be given as bonus with the $10,000,000 collateral tnw»
bonds, $2,000,000 in exchange for Iron Mouiitaiu stock, and the remainder to be issued as the stockliolders may from time to tiiuo delermiiis
The Leroy A Caney Valley Kailroiwl in Kan.sas. SO miles, is leased and
bonds guaranteed by Missouri I'acillo as also the Verdigris Valley Inds
pendeni-o A Western. The Boonoville St, lyoiil.« A Southern RR. (BOOBS
Tille to Vorsaliles. Mo., 41 mUee) Is leased at 825,0<X) per annum.
W
Sd
INTESTORS' SUPPLEMENT.
fVot^ LIT.
,
a
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SUPPLEMENT.
INVESTORS'
84
[Vol. LIV.
Sabscribers will confer a great faTor by giving Immediate notice of any error discovered In these Tables.
EAILEOADS.
For explanation of column lieadlngs,
on first page of tables.
&o., see notes
Miles
Date
of
of
Sfze,
1887
1890
1886
1886
1886
. .
Uitsouri J'aci/ic Suslem—SI. Louis Iron. Mi. ct So...
210
c
Bt. Louis IronMt. & So. Ist mortgage
310
2d mortgage, gold
99
Arltansas Branch 1st mort., land grant, gold.
71
Cairo Arkansas & Texas Ist mortgage, eold.o'.tr
Gen. consol. and land gr. M. ($45,000,000), gold 1,272
1,272
gold, stamped, guaranteed
do
Do
Car trusts, series D. and E
Kansas & Arkan. Val. 1st M. $20,000 per m., g. i65
Uttle Rock & Vt. Smith 1st M.,iand gr. slnk.f und.. 165
10-year coup.uotes (scp., $86,205 due July,1893)
"2
c*
Uttlc Rock Junction 1st mortgage
MobUe it mrm.— 1st, ($20,000 p. m.) gold, guar..c<tr 146
MobiU <t Dauphin M.—lat M. (for $3,000,000),g..c '85
Mobileii Oirard—lat mortgage ($200,000 are 68).
o*
472
Mobileit Ohio—lBtM.j Mob. to Colum., gold
55
lBtmort.,exten.,Colum. to Cairo & branch, gold. c"
General mort. for $10,500,000, land grant, s. f, .c 527
Equipment bonds ($60,119 of these are car trusts)
Monterey A Mex. OiUf—lat. M. $25,000 per m., g.c* 291
81
Montgom a Eu/aula—lBt, s. f., $15,000 not dr'n. .c*
Mont. Tusc. <e ifem.— 1st M., $18,000 per m.,gold.o*
c*
ib'2
Morgaji't La. cer«x.— IstM. (N.O. to Morgan City)
157
Ist mortgage, Alexandria Extension, gold
80
N. O. Opel. & Gt. West. bJs. ex. in '89 (assumed).
1,000
1,000
1,000
1,000
1,000
1,000
'81to'7
i',6bo
1887
1875 500 &c.
1891
1,600
1,000
1887
1888
1,000
1,000
1877
1879 500 &c.
1883
1,000
1888 500 Ac.
'84-'90
1,000
1,000
1,000
1,000
1,000
1,000
1888
1879
1889
1878
1880
1859
OPERATIONS, FiKANCKB, &c.— At the meeting of directors in New
30, 1891, the October dividend was passed and the
fell on October 1 to 54%. See V. 53, p. 474.
for
1891
says that the cliarges against net earnings of the
The report
Missouri Pacific and Iron Mountain compaiiies for the year include
$663,431 expenses of refunding $7,000,000 of Cairo i Fulton first
mortgage 7 per cent bonds, also a similar expense of $128,650 for extending at 5 per cent $2,573,000 second mortgage 7 per cent bonds of
the Pacific Railroad of Missouri. The funding of these bonds resulted
In an aggregate reduction in interest annually of $190,000. In addition
to the foregoing the sum of $396,000 was paid in cash for purchase of
one thousand box cars and $442,353 for construction of new lines during the year, an aggregate of $1,630,434. The present floating debt of
$4,322,917, represented by " advauces by directors," it is stated, can be
paid by the disiiosal of available securities for the purpose now in
treasury whenever the board elects.
Gross earnings of Mo. Pac. and St. L. I. M. & 80. combined for three
months to Mar. SI in 1892, $6,381,127, against $5,768,044 in 1891; net,
York Beptfmter
took
$1,490,436, against $1,226,687.
The annual report of Missoiui Pacific for 1891 was in the Chronicle,
V. 54, p. 442, 483. The gross earnings, operating expenses and surplus
earnings of all lines operated have been as follows
1889.
1890.
1891.
Allimes—
5,019
5,109
5,283
Miles operated, average
$
23,493,467
15,532,883
$
25,370,344
18,002,729
$
25,918,106
18,495,357
7,960,584
7,367,615
Surplus earnings
7,422,749
66'12 p. c.
70-96 p. c.
71'36 p. c.
Ratio op. exp. to gross earn
For the Missouri Pacific proper and branches (3,191 miles), not Including Iron Mountain and other auxiliaries, the report was as follows
EAKNINQS AND EXPENSES.
dlles operated December 31
Xan^lngs—
Passengers
Freight
Mall, express and miscellaneous..
Total earnings
Total operating expenses
Net earnings
per When Wliere Payable, and by
Outstanding Rate
Whom.
Payable
Cent.
1889
1890
3,119
3,145
1891
3,191
$
$
2,665,354
8,286,682
1,624,184
$
2,742,808
9,174,427
1,589,294
2,663,798
8,865,315
1,691,984
12,576,220
8,868,828
13,506,529
10,224,706
13,221,097
9,920,148
3,707,392
3,281,823
3,300,949
INCOME ACCOUNT.
1889.
1890.
1891.
4,000,000
6,000,000
2,500,000
1,450,000
18,683,000
6,956,000
782.500
3,400,000
2,342,500
171,535
435,000
3,000,000
350,000
1,000,000
7,000,000
1,000,000
8,189,000
707,555
7,275,000
1,500,000
864,000
5,000,000
1,494,000
249,002
&
M.
$1,000 $14,376,000
1,000
7,000,000
400,000
1,000
520,000
1,000
750,000
1,000
1867
1872
1870
1872
C
Total earnings
Total expenses
Amount
Road. Bonds \alue.
lIUaouH Paciflt—( Concluded,)—
Collateral trust bonds ($15,000,000), gold...o*&r 1,120
.0*
470
Collateral trust bonds for $10,000,000 gold.
44
Boonvllle St. Louis & Southern RR. Ist mort
80
I^r. &Cauey Val.KR.lst M. ($10,000 p.m.),K.gu.c*
75
Verdigris Val. ludepeudenco &. W. Ist M.,g.,guar.
i(ow/«— Prina
INTEREST OR DIVIDENDS.
or
Par
8.
pal, When Due.
*'tocfc«— Last
Dividend.
N. Y., Mercantile Tr. Co. Jan.
1,
1917
Aug. 1, 1920
do
do
& A.
Aug. 1, 1911
do
do
& A.
July 1, 1926
do
do
J. & 3.
Feb. 1, 1928
M. & 8
do
do
F. & A N.Y. Mercantile Tst Co. Aug. 1, 1892
M. &. N. New York or London. May 1, 1897
J. & D, N. Y., McrcantUe Tr. Co. June 1, 1895
do
June 1, 1897
do
J. & D.
do
do
Apr. 1, 1931
A. & O.
A. & O.
do
do
Apr. 1, 1931
do
do
Quar'ly.
do
do
Jan. 1, 1937
J. & J.
do
& J.
do
Jan. 1, 1905
J. & J. Boston, E. Atkin & Co. J'ly'93-Jan'94
A. & O. N.Y., Mercantile Tr. Co. Apr. 1, 1916
J. & J. N. Y., Chase Nat. Bank. Jan. 1, 1937
A. N.Y., Of., 32 Nassau St
F.
1928
J. & D. N. Y. Security & Tr. Co. June 1, 1897
J. & D. N.Y.,Farm.L.&Tr. Co. Dee. 1, 1927
do
do
July 1, 1927
Q.—Jan.
M. & 8. N. Y., Gallatin Nat. Bk. Sept 1, 1938
Quar'ly,
New York City.
Var., '92-1899
M. &. N. Nov.,'91,ooup. last paid. Nov. 1, 1938
J. & J. N. Y. State Trust Co. July 1, 1909
J. & D. N. Y., Metrop. Trust Co. July 1, 1929
A. <t O. N.Y.,8.Pac.Co.,23Broad Apr. 1, 1918
do
do
July 1, 1920
J. & J.
A. & O.
do
do
Apr. 1, 1899
F.
F.
5 g.
7
l^l^5
s-
's'g.
7
7
6
5g.
4&6'
6g.
V6
%'
6g.
7
6g.
5
<fc
The Little Rock & Fort Smith Road was absorbed by an exchange of
stock In 1887 (4 shares for 3 of St. Lonis & Iron Moimtaln.) Bee tlHe
of that company in Sdpplement of May, 1888, and previously.
On April 1, 1892, interest on the $435,000 Little Rock Junotion7 per
cent bonds, guaranteed by the Little Rock i Fort Smith and the Little
Rock Mississippi River & Texas RR. Co., was defaulted, and the bondholders were offered a new 6 per cent bond guaranteed principal and
interest (endorsement on the bonds) by the St. Louis Iron Mountain &
Southern,the same bond being given for both the first and second mortits
gage
The
78.
St.
Louis
& Iron Mountain report for 1891 was in V.
54, p. 442.
INCOME ACCOUNT.
Miles operated
Receipts—
Gross earnings
Net earnings
Other receipts
.
Total net income
—
IHsburseinents
Interest on bonds
Taxes, bridge expenses,
Dividends
Total disbursements
Balance for year
&0
1889.
1,208
1890.
1,550
$
$
$
8,964,795
3,773,355
288,529
10,859,173
3,889,487
27,356
11,581,034
3,877,034
20,413
4,061,884
3,916,843
3,897,447
2,407,626
383,144
1,030,248
2,414,506
798,979)
773,294 J
2,271,471
3,821,018
sur. 240,866
3,986,779
def «9,936
.
1891.
i ^ok ooq
i.3St),.i^a
3,857,700
39,747
sur.
— (V. 52, p. 41, 351, 425, 428; V. 53, p. 474; V. 54, p. 442, 762.)
ITIoblle & Blrnilnsham.— CSee Map East Tennessee Virginia
rf
Marion Junction, Ala., on the East Tennessee VirGeorgia Road, about 147 miles; trackage to Mobile and Selma,
17 mUes; opened in July, 1888. Abstract of mortgage V. 45, p. 274.
East Tennessee Virginia & Georgia owns a msyority of the stock and
guarantees principal and interest of bonds. Stock, $3,000,000 (par,$100).
There are $1,500,000 2d mortgage 58, due June, 1939. In year ending
June 30, 1891, gross earnings, $284,122, against $251,852 in 1889-90.
In 1889-90 net, $61,199; interest, $150,000; taxes, $11,562; deficit,
$100,362, against $136,550 for 1888-89. Total deficit to June 30, 1890,
$236,912. (V. 51, p 612.)
ffcorffi'a.;— Mobile to
ginia
&
inoblle tc Glrard.—Owns from Columbus, Ga., to Glenwood, Ala.,
102 miles. Extension proposed to Andalusia, Ala., 37 miles. Bonds at
$12,600 per mile for extensions have been authorized, the total issue of
which must notexeeed $4,000,000. Commoustock,$l, 137,121; preferred
stock. $137,608, and $2,630 Pike Couuty stock; par, $100. From Jime
1, 1886, road was leased to the Central of Georgia (which owns $816,150
stock) for 99 years at a guaranteed dividend of 1 ij per cent per annum
on $473,400 stock. The bonds, of which $200,000 are 6a and $800,000
48, are also guaranteed, principal and interest. In 1889-90 gross earn-
Beeeipti—
$
$
Net earnings
$
3,707,392
1,981,790
3,281,823
2,223,951
3,300,949
634,054
5,689,182
5,505,774
3,935,003
ings, $274,082; net, $78,132; interest, $48,800; taxes, $10,115; surplus.
$19,216; dividends, $19,045; balance, $171. (V. 51, p, 570, 680.)
2,458,485
1,758,994
793,275
2,598,143
1,823,498 >
588,187$
2,776,580
q oiv r>;>i
*'.'=*7.68&
Mobile Sc Ohio.— C/S« Jfap.J— Owns from Mobile, Ala., to Columbus, Ky., 472 miles, proprietary line, Kentucky dc Tennessee Railroad
to Cairo, 21 miles; also branches to Starkville, &o., 34 miles; total
owned, 527 miles leases St. Louis & Cairo Railroad, Cairo to 8t. Louis,
152 miles, and track to MiUstadt, 9 miles; total operated, 687
Divldends,intere8t,
Ac
Total net Income
JHsburiemenU—
Interest on bonds
Dividends paid*
Taxes, rentals, &o
Total disbursements
5,010,754
5,009,828
6,024,235
-1-495,946 —2,089,232
Balance for year
-f678,428
* Paid 4 per cent in 1889 and 1890 and 3 oer cent in 1891.
—(V. 52, p. 42S, 534, 761; V. 53, p. 474; VT 54, p. 78, 442, 483.)
nilssourl Pacific System—St. Iiouls Iron Idonntaln &
Sonthern.— Owns St. Louis to Texarkana, Texas Line, 490 miles;
branches to Belmont, Mo., Bird's Point, Mo. (Cairo), Camden, Ark.,
Helena, Ark., Cuslimau, Ark., Arkansas Caty, Ark., Warren, Ark., Memnhis, Tenu., &.C., 714 miles total owned January 1, 1892, 1,204 mUes.
Leases Little Rock & Fort Smith and Little Rock Junction railroads,
172 miles; Kansas & Arkansas Valley RE., 170 miles. Total operate*!
January 1, 1892, 1,547 miles. The Camden & Alexandria, 32 miles,
was acquired in Maj, 1892. See V. 54, p. 762.
The general consolidated mortgage is for $45,000,000, sufficient bonds
being reserved to retire all prior issues, the.se covering only 485 miles.
The mortgage is & first lien on the 787 miles in Arkansas and on all un«old lauds, amounting to 765,020 acres on January 1, 1892. Trustee of
mortgage, Mercantile Trust Company of New York. As indicated in
the table above, part of the general mortgage 58 are endorsed with the
Missouri Pacific's guaranty of principal and interest. January 1, 1892,
there were still $159,500 old mcomes of various issues out;
;
ules.
In 1886 the lease of the St. Louis <fe Cairo Railroad (161 miles) was
talfcn for 45 years at a rental guaranteed to amount to $165,000 per
year.
Stock authorized, $10,000,000; outstanding, $5,320,600; par.
Lands June 30, 1891, were 627,366 acres, valued at $325,589.
The majority stockholders claim that the old holders of debentures,
having accepted mortgage bonds for their holdings (except $51,500
which they offer to pay off), should no longer control the company by
the voting trust. The question at issue is one of law. See V. 54, p. 3215,
$100.
'
683,762,800.
In May, 1888, the new 4 per cent mortgage for $10,500,000 (trustee,
Farmers' Loan & Trust Company,) was Issued to pay floating debt,
retire debentures, &c. Until September 1, 1891, interest was payable
In scrip. There can be no foreclosure under this mortgage till four
coupons are in default. Of the total amount ($10,500,000) authorized
under this mortgage, there have been canceled by operation of the
sinking fund $529,500, there are held to exchange for debentures not
exchanged $97,335, and the company holds in reserve in its treasury
$2,040,500. Bee mortgage abstract, V. 47, p. 83. There are still outstanding $26,000 Cairo extension 6s, due July 1, 1892, for which
Atanding.
extension bonds of 1883 are reserved.
Price of stock: In 1891, 26®45; in 1892, to March 18 incl., 34i2942>4.
The stock ($25,784,200) is nearly all held in the treasury of the MisKouri Pacific Railway Co., much of it having been retired in May, 1881,
Fi'om January 1 to April 30, 1892, (4 months) gross earuiugs (partly
by the issue of three shares of Missouri Pacific stock for four of the St. estimated) were $1,134,407, against $1,185,690 in 1891.
iJouis <fe Iron Moimtaln, and a large amount of it since. The sales of
For the six mouths ending December 31, 1891 earnings were as folland in Arkansas were given in the report for 1891 as 59,361 acres at lows (see editorial V. 54, p. 266): Gross c.-vriiings, including incoms
|;2'83 per acre, the total sales including town lots being $168,240; In from rents, etc., $1,793,703, against $1,846,608 in 1890; net earniugt
Missouri as 5,736 acres for $2'79 per acre, the total sales including $663,694, against $681,405; interest, rentals, etc., $526,122, against
town lots being $1 6,004 from Little Rock & J'ort Smith Railroad grant $530,497; construction and equipment $9,757, ag.ainst $23,767; sur14.520 acres for $3'14 per acre. Lands in Arkansas imsold December plus $127,815, against $127,141. Extraordiuiiry expenditures (repre81,1891,078,205 acres; in Missouri, 80,761 acres; of Little RockA senting new property acquired and payments on the principal of car
Fort Smith RR.. 523,1 liS acres. "Advnnoes by directors" Jan. 1, 1892, trusts) payable with proceeds of bunds, $64,333, against $55,814,
Fiscal year ends June 30. Report for 1890-91 was in V. 53, p. 001.
S6iK),39C—sundry aooouuts payable, $1,0U3,744.
,
;
\
I
1
RAILROAD STOCKS AND BONDS.
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HAHROAD STOCKS AND
189S.]
Snbacrtbera
urtll
For explanation of ooliinm headingf),
on tlr«t page ot tables.
&e., see notes
Miles
of
Date
Blze, or
of
Par
W
Var'us
1871
ConBOl. M. (for $'2.5,000,000) guar. D. L. & W.o'ir
fij»ecial real eHtate Ijoiias
MorriH & ErtKcx Extoimion stock, guar. 4 percent.
137
1875
"2
Var'us
MorristawH i£ Cumberland Qap—lin, mortgage
tlaHh.ua <t ioweii—Stock,9 p.c. reutal,02 yrs. B.&M.
Bonds not mortgage, gold
gold
Do
do
Nashville Chattanooga rf St. /,oi«t«— Stock
1st mortgage (for IJO.HOO.OOO)
o*Ar
o* Ar
2d uiortgaKc gold or liver
MoM.hrs.
p.m.)o*Ar
l8t M. on Fayette, and
($0,000
let mortgage on Ix^baiion Hranoh
c*
iRt M. on Jasper Br. ($90,000 are 88, due 190G)c*
1st mortgage on Ceutnivillo Branch, gold.
.c*Ar
iRt M. on Tracy City Br. (Tcnn. C. & I. BR.).o*4r
1 8t M. on Bon Air Br., red. at par aft. July '97,
.c*
Consol. M. (.'(i'JO,(H)(),000), $20,000 p. m., gold. .0Duck River RR. 1st M., $0,000 p. ni., assumed.o*
2d mortgage, assmiied
o*
SashvUlc li J>f<«(ur— Stoek, guar, (i p. c. by L. & N.
40
.
"ioo
1,000
100
1873
1881
1877
1877
12.5
29
43
46
20
77-'83
1883
1887
1«87
1888
1876
1881
7
.
670
48
48
119
119
(.f'iOO.mW lield in sink. fd.).
Nash. Floi: <t ,S7i(#.— 1st M. (.f 2,500,000), gold, gu.o
Nashville A Knoxeitle—lat mort. for $2,000,000. .C
s. f.
91
73
99 yrs.,N.Y.N.H.&H
1,000
1,000
1,000
100
1883 l,000&o
"55
r
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &0.
1,000
25
1870
1887
1888
J.
A
&
&
A. A
J. &
H. A
M.A
7
7
7
7
J.
M.
N.
J.
J.
4,991,000
O.
12,151,000
D.
2,795,000
250,000 4 i)er an.
N.
1,000,000
800,000 9 per an.
N.
200,000
F. &. A.
s«- J. <fc J.
100,000
lo.noo.ooo
1'4
Q.-F.
100
340
321
.
p.c. reu'l,
1,000
1,000
1873
1880
.
.
1891
15
.f
3H
$50 $15,000,000
1864 500 (to.
6,000,000
1,000
281,000
84
Bonrff— Prlnol-
INTERE8T OB DIVIDENDS.
Amount
Rate perl When
Road. Bonds Value. Outstanding Cent. Payable
I
<t Esse*—Stock, 7 p. 0. guar. D. L. &
iBt ninrtgagn, nlnking fund
Convertible 1)oiu1k
Gen. M. & l«t on Boonton Br. <to. (guar. D.L.&W.)
MorrU
Naugatuck—Ht'K^O
Ist mortgage
87
BONDS.
confer a great favor by KlvInK Immediate notice of anjr error dlaeoTcred In tbeae Tables.
RAILROADS.
1st iiiort, guar.,
.
(>,:i()(>,(Mi<)
7
1,()<M>,0()0
6
6
6
750,000
300,000
401,000
376,000
580,000
130,000
3,347,000
106,000
34,000
6g.
J.
<Sc8
^-
&
&.
&
&
&
J
<Se
6
e&§'
"«
M.
„ per
2,2i7,582 6
an. J.
2,100,000
7
J.
2,096.000
F.
1,043.700
IM.
2,000,000 lOperan. J.
150,000
J.
4
A
&
&
&
A
A
A
A
A
A
N.
D.
J.
A.
N.
J.
D.
When Parable, and
Whom.
pal.Wlien Due^
by
—
Sloekt
Lost
Dividend.
A West Jan. 2, 1892
do
May 1, 1914
do
Jan. 1, 1000do
Oct, 1901
do
June 1, 191S
do
Various.
do
May, 1892
1921
N. Y., Atlantic Trust
Nashua, 2d Nat. Bank, May 1, 1892
do
Aug. 1, 1893
do
do
July 1, 1900
do
New York A Nashville. May 2, 1892
N.Y.,ConUnental N. Bk. July 1, 1913
Jan. 1, 1001
do
do
do
do
Jan. 1, 1917
do
do
Oct 1, 1917
do
Jiin.,1906A'23
do
Jan. 1, 1923
do
do
Jan.l893to'l7
do
do
do
July 1, 1917
do
Apr. 1, 1928
do
do
do
do
Jan. 1, 1896
Nov. 1, 1909
do
do
NashTille.
June 6, 1802
N. Y., 120 Broadway. July 1, 1900
N. Y. and Louisville.
Aug. 1, 1937
N. Y., Mercantile Tr. Co.
1918
New Haven, Ct., Treas. Jan., 1892
do
do
June 1, 1918N.Y., Del. Lack.
do
do
do
do
do
do
&
INCOME ACCOCNT.
Naxliua
I.oureII.— Owns from Lowell, Mass., to Nashua, X. H.,
15 miles. On October 1,1880, a lease for 99 years to the Boston A
1888-89.
1889-90.
1890-91.
Jteeeipis—
1887-88.
Gross earnings *
$2,629,536 $2,881,474 $3,173,431 $3,5.59,138 Lowell was made. In 1 887 lea.se was transferred to Boston & Maine
Net eaniiugs
$710,392
$934,781 $1,070,918 $1,215,713 Railiiia^l Company, which pays a rental of $73,000 (9 percent on stock).
Tlie funded dc^lit of $300,000, principal and interest, is assumed liy the
Disbti rse mcnis
Int. on Ist mortgages- $480,000
$480,000
$480,000 lessee, and tlie lessor holds the lessee's notes for the same amount—
$480,000
EenttoStL. &C
172,127
191,914 $300,000. (V. 45, p. 143.)
165,000
165,000
232.925
312,850
Int. on general mort
IVaKliTllle Chatlanoosa Sc St. I.onls.— C.%e Map.) Owns from
Int on car trust, Ac...
59,918
73,7.52
93,504
85,736 Chattanooj^a, Tenn., to Hickman, Ky., 320 miles; liranclies to Letianon.
&c., 332 miles; total operated June 30, 1891, 652 miles. Also owns the
Total disbursem'ts $704,918
$978,556 $1,070,500 Tennessee & Coosa Railroad, which will be extended so as to run from
$718,752
Balance, surplus
$5,474
$224,879
$145,213 Gadsden, Ala., via Manchester, to Bell's Factor.v or HuntsviUe, 75
$92,361
miles. An extension of the Jasper branch 20 miles in leugtli was
* Including miscellaneous receipts from rents, etc.
ojieued July 1, 1891. The Western & Atlantic, extending from CliattExpended for aduitious to property and new equiinucnt and not annoga, Tenn., to Atlanta, Ga.. 138 miles, has been leased for 29
Included above; In 1887-88, $375,479; in 1888-89, $160,198; in 1889-90, years from December 27, 1890, at $420,012 per annum.
$208,481; in 1890-91, .$2-11,980. (V. .52, p. 164, 203; V. 53, p. 185,
A mi^iority of the stock ($5,077, .500) is owned by the lyOulsvlUe Jk
Nashville RR. Co., and |>ledj;ed for Its 10-40 and unified mortgages.
584, 601 V. 54; p. 78, 266, 276, 329, 683, 762, 800.)
The Tracv City brancli 6s f.all due $20,000 yearly on Jan. 1, 1893
Monterey Sc Mexican Gnlt,—(See Jf«p.;— Owns road completed to 1916 Inclusive, and $100,000 on Jan. 1, 1917.
In Aug., 1891, from Venadito (on the Mexican International Railroad)
Of the consolidated mortgage of 1888 (United States Trust Co., trusvia Monterey to Tanipieo, on the Gulf, about 400 miles. An extension tee),
$10,807,000 bonds were reserved to retire all prior bonds.
from Venadito to Sierra Mojado is soon to be built. At Monterey tliree
Dividends since 1880— In 1881,3; in 18S2, mj; in 1883 and 1884,
large smelting works are in course of construction, and at Tamp'ico tlie 2; in 1885, nil; in 1886,
in 1887,4; inlM88,4'4; in 1889.5; In
1
Government is making a deep water harbor, and large shipments of 1800. 5 in 1891. 5 p. c; in
1892, Feb.. IH; May, Hi.
bullion it is expected will go over tlie new road from Monterey to TamFrom
July 1, 1891, to April 30, 1892 (10 months), gross earnings (Inpico tor export. On April 23, 1892, the company being temjiorarily cluding
the Western A Atlantic in 1891-92), were $1,534,184. ayalnat
embarrassea, J. Robertson, formerly General Manager, was ai»pointed $3,331,506 in 1890-91;
net, $1,738,355, against $1,319,275; interest
Receiver iu Mexico. (See V. 54, p. 643.) The Central Trust (jompany rentals, etc.,
$1,149,005, against $889,656; surplus, $489,350, against
of New York Is trustee of the mortgage. Sinking fund after November $459,619.
1, 1898, but bonds cannot be drawn. The Mexican Government gives
Fiscal year ends June 30. The report for 1890-91 was In Chroniclb,.
this road a subsidy of $14,222 per mile in 6 per cent silver bonds.
V. 53, p. 406, showing earnings as In the table below.
Stock $100,000. In the Chronicle of October 8, 1891 (V. 53, p. 485),
INCOME ACCODNT.
was a report at le:igth upon tlie condition and prospects of this road.
From January 1 to Feb. 29. 1892 (2 montli.<) gross earnings were
1887-88.
1888-89.
1889-90.
1890-91
$165,164, against $148,103 in 1891-92; net in 1892, $-16,401. In 1890
on 242 miles gross earnings were $420,867; net, $284,018; interest, Grosseamlngs
3,091,653 3,300,165 3,5.50,460 3,943,304
$266,782 surplus, $17,-236. General Trevino, President, Mexico; T. 8. Net income
1,321,404 1,348,721 1,430,414 1,657,063
BiUlock, Vice-President, 40 Wall Street, New York. (V. 50, p. 71, 484,
Disbursements
662, 904; V. 52, p. 863; V. 53, p. 126, 289, 475, 48.5 V. 54, p. 643.)
Interest on debt and taxes
760,834
869,696
873,388
914,799
333,427
333,427
(4)266,741(5)333,426
Montgomery tc Eufanla.—Owns Montgomery to Eiifanla, Ala., Dividends
Improvements
145,015
60,903
85,881
142,617
80 miles. Foreclosed May 1, 1879, and reorganized. Operated under
contract by Central of Georgia, which guarantees the jirincipal and
Total disbursements.. 1,172„590 1.264,025 1,292,696 1,390.843
Interest of the bonds. Stock la $620,000, all owned by Central Railroad Balance,
sundus
266.220148,814
84,696
137,718
of Georgia. In year ending June 30, 1890, gross earnings, $364,169;
(V. 52, p. 40, 832. 899; V. 53, p. 21, 95, 406).
net, $128,732.
—
—
;
;
;
;
—
'
;
—
Nashville
Montgomery TuHcaloosa & Memphis.— Projected
from Montf'omery, Ala., on the Ala(>ama Midland, to Columbus, Miss., 175 miles,
n May, 1892, graded nearly to Tuscaloosa, Ala., aliout 100 miles.
Stock authorized — common $1,1,50,000; preferred, $1,150,000; par
$100. C. C. Munroe, President, 77 William Street New York.
Morgan's Louisiana & Texas Railroad ^iteamsIllp Company. ^^A'cc .Ifa;^ o/A'ou/Acr/i /*«ci^c ( ompany.) — Owns from New Orleans to Cheney vlllc, 204 miles; branches, 55 miles; trackage CheneyTllle to Alexandria, 24 miles; total, 283 miles. In February, 1883, the
Stock was mostly purchased for the Soutliern Pacillc Company, which
on Jan. 1, 1892, held $14,994,000 of the total $15,000,000 (par, $100).
In November, 1891, stock was increased to $15,000,000. Operated
under lease to Southern Pacillc Co., the lessee paying all charges and
also 23 per cent of the net profits under the omnibus lease.
Company has 17 iron steamships plying between New York and New
Orleans and between Gulf ports; also wharves, warehouses ana a
majority Interest In the capital stock of the Houston & Texas Central
Railway Company, &c. Dividends In 1888,2 per cent in 1889, nil
&
;
In 1890, nil.
From January 1 to March 31, 1892 (3 months), gross earnings were
$1,280,232, against $1,533,965 in 1891; net, $260,853, against $473,687. For year 1891, gross, $5,683,432; net $1,525,530; surplus over
charges, $753,012 net profits due company under lease to Southern
Paciflc, $556,441, against $565,799 in 1890.
Morrts dc Essex.— C5ee Map of Delaware Lackawana <t Western.)
Owns from Hoboken, N. J., to Phtllipsburg, N. J., 85 miles; branch,
DenvUle, N. J., via Morris A Essex Tunnel, to Hoboken, N. J., 35 miles;
leases: Morris A Essex Extcu.sion RR. into Paterson, N. J.. 2 miles:
other lines, 14 miles; tot.-d operated, 136 miles. In 1868 leased In per
f)etulty to the Delaware lAckawana & Western RR., the lessees assumng all lialiilitics and i>aviug 7 per cent per annum on tlie capital stock.
They also agree to iiay 8 per cent in case 10 per cent is earned on the
stock iu any one year.
The Morris & Essex 1$ Important to the Delaware Lackawanna &
Western as a route with terminal facilities on New York H.arbor, but
the actual earnings on the road show a larite annual deficit for the
;
—
lessee company after tlie payment of rental. The loss to lessee was
In 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 1890, gross earnings of road proper (119 miles) were
$5,197,639; net $1,665,914. (V. 52, p. 280, 350; V. 53, p. 370.)
Morristowrn Sc
Oap.—Operates road Morristown,
Tenn., to Corryton, 40 miles.
Cumberland
& Decatur.—^Se« Map
Louisville
d
Nashville. )—OwnB
Ala., 1 19miles. The road was leased
Nashville Railroad for 30 years from
July 1, 1872, at a rental of 6 per cent per annum on the stock. The
lessee assumed all the debt and owns $783,300 of Its stock. In 1890-91
gross earnings. $1,491,782 ; net, $566,897.
from Nashville, Tenn., to Decatur,
May
4, 1871, to the Louisville
Nashville Florence
—Owns
A
& Sheflleld.— CSee
Map
Louisville
<t
Nash-
fi-om Columbia. Tenn., to Florence, Ala., 79 miles, with
City, Tenn., to Pinckney, Teun., 12 miles, and has trackai^
B'lorence to Slieflleld (Memphis & (Charleston Railroad), 6 miles total,
97 miles. Operated by Ijiulsville & Nasliville, wliicli company intarantees tlie principal and interest of the lionds by endorsement, and owu»
$565,000 of the $708,585 stock, par $100. In 1890-91 gross eaminra
were $230,058; net. $31,193; taxes, $6,201; interest etc., $101,009;
deUoit, $76,018. President, M. H. Smith, LouisvlUe, Ky. (V. 53, p. 793.)
ville.
branch Iron
;
&
Nashville
Knoxville.—Owns from Lebanon to 6 miles beyond
Cookville, 65 miles, and branch to Carthage, Tenn, 8 miles projected
to coal fields of Fentress and Overtim counties.
Stock, authorized,
$.500,000; outstandiujT, $372,700; par, $100. Trustee of mortgage.
Mercantile Trust Co. of New York. In year ending June 30, 18!n, gross
earnings were $62,432 net, $22,241 interest on bonds, $40,260.
Naueatuek.—Owns from Naugatuck Junction, to Wlnsted, Conn..
56^2 mUes; leased, Watertown A Waterbury Railroad, 4ia miles; total
operated, 61 miles. Leased for 99 yeara from April 1, 1887, to New
York New Haven A Harlem at $206,000 per year, earnings being included in those of tlie lessee. In year ending September 30, 1887, groaa
earnings were $725,828; net, $24'6.664.
Nesquehonlns Valley.—Owns from Nesquehonlng Junction, Pa.,
to Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford, Pa.,
1 mile; total operated, 18 miles.
I>e.i.sed for 999 years to the Lehigll
In 1884 tlie option to purchase the itock
C oal A Navigation Company.
at par and interest was suspended for 20 years, with a guarautse of 5
per cent per annum on stock.
Nevad>i Central.- Battle Mountsin to Austin. 94 miles (3 ft giiage.)
Stock, $750,000; par. $100. Road soM in foreclosure June 21, 1887.
Groa*
Aliove bonds were Issued in eichamte for $750,000 old firsts.
earnings iu 1889-90, $37,670; dellclt underoperatlug expenses, $2,318.
iMewark tc Hudson.- 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. Erie p.-vys Interest on bonds and includes earninits
in its own statements. Stock. $2.50.000 oar, $100. In year ending
Sept. 30, 1891, gross e.iruings, $34,327; net. $6.8.50; detlcit under
Interest, $1 0,650. Cortlaudt Parker. President Newark. N. J.
;
;
;
;
88
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INVESTORS' SUPPLEMENT.
!H>
m^
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If
«>.,
eSj
ir*o
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it
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Mat,
RAILROAD STOCKS AUD BONDS.
1893. J
89
Sabscrlbera will confer a sreat favor by fflvlnc Immediate notice of anjr error discovered In tlieae Table*.
RAILROADS.
Miles
of
For explanation of column headings, &o., see notes '*"
on
llrst
page of
Funded coupon
—
c*
o*
gu.).c*
A
W., leased, pit A 2d M. ($200,000
New Jertey Jnnctton— 1st. M., guar, by N. Y.Cent.cAr
New Jersey tt New Forft— 1st M. (reorganization). c*
2d mortgage
r
Holy.
N»K London Northern— BUicii
For
1888
1,600
1.000
1871
1869 500 Ac.
1877
60
1870 600 4c.
1,000
1888
1888
1888
1888
ioo
1,000
1869
1879
1,000
1,000
1881
1,000
1886
1870
1,000
l.OOO
1886
1880 500 &e.
1885
ioo
1872 500 Ac.
1,000
1880
100
1885
1,000
1881
1890
1,000
1891
1,000
1891
..
1877 500 Ac.
1,000
1885
1874 £100 Ac
94
5
44
15
13
13
4
2d mortgage (see remarks)
o*
Consolidated laorl^iige ($688,000 ar6.4s)
o*
tt- MUtiimii/pi Valley— Btock
New Orleans rf North jEiMfci-u—Prior Ileum., gold.c*
02
27
17
5
34
34
121
100
121
Newport News
mortgage
1st
of
18
certificates
Real Estate ('ertiflcatos
*. Uav.<t Norlhamp.—BW, gu. 99 yrs.N.Y.N.H.AH.
1st mortgage
:
c*
Consol. sink, fund $15,000 per year not drawn. c*
Korthcm Extension bonds
Bonds conTcrtil)le iw»o stock
Size, or
Road. Bonds Value.
tables.
Netqiiehoning Fni.— Stock, 5 p.c. gu. till 1904
Nevada Cmtral—lit M. g., Incunio (sinking fund)..
Newark rf Hudson 1 fit mortgage
o
Newark Somerset <e Straitsv, l8tM.,ext.ln'89, g.c*
Neteburg Ihtlehess tC 6'o7inc*:^in(^— Income bonds..
New ('Oitlle i£ Heaver Valley— Htock
New Haven d Derby— 2A mortgage (now 1st) guar.c*
Consol. mortgage for $HOO,rtO(), interest guar. .0*
Mortgage on Iliiiitington Urancli
—
Date
196
19fi
y. OH' )i«<eyo;'WiTre»«W—lstM.,$20,000p.m.,g.,c*,tr
Neto Orl. <t So.— Pr!(r«i«enM. ($2.-jO,000) g.,red. at 105
Ist raort. for I}!1,000.-000, income for live ycar.i...
N. Y. Brooklyn <« Man. ISearh—ii. Y. A M. B. Ist M..C*
N. Y. B. A M. B. Ist con. M., gold, guar, by L. I.c*
New York<t Canada— l8tM.ster.,g^iar.D.AH.,Can.c*
77
60
66
14
Boiui*— PnnolIKTEREST OR DIVIDENDS.
paLWhen Due«
Rate per When Where Parable, and hf Woekt-lsat
Outstanding
Amount
V%'
%"
(1)
.
All.
150
Payable
Cent.
$1,418,000 5 i>er an.
750,000
250,000
800,000
1,164,500
1>9
700,000
225,000
7
575,000
5
6
71,900
480,000
6
225,000
6
2,460,000 See rem.
1,300,000
7
1,200,000
6
6
700,000
5
700,000
260,000
4 A6
4
1,700,000
400,000
6
100,000
5
1,500,000 See rem.
387,500
7
1,500,000
4 A5
13,694.490
"eg.
1,120,000
6
5,000,000
1,540,000
5«200,000
500,000
867,000
4,000,000
7
5g.
6g.
M.
J.
H.
M.
A
A
A
A
WJiom.
226 So. Third St.
No coupona paid.
N.Y., L. E. A West. RR.
N, N. Y., Union Trust Co.
B.
J.
8.
Phila.,
Dividend.
Mar.
July
1,
2,
1892
1938
Sept. 1, 1901
Nov.
1,
1929
When
June 1, 1977
earned.
Apr. 1, 1893
Newcastle, Pa.
A, Bridgejmrt, Ct., Office. Feb. 1, 1900
N, N. Y.^Ious. KB. A B-g-pt. May 1, 1918
1000
Bridgeport.
A,
Feb. 1. 1000
A,
A
A
A
A
1900
do
A A,
Apr., 1892
New Haven.
A. A O.
Jan., 1899
J. A J, N.HaT.,N.TradeHm'«Bk.
Apr. 1, 1900
do
A. A O.
Apr. 1, 1911
do
A. A O.
July 1, 1800
do
J. A J,
Apr.'98A1911
do
A. A O.
F. A A. N. Y. Cent. A Hnd. Rlv. Feb. 1, 1986
M. A M. N. Y., Mercantile Tr. Co. May 1, 1010
Jan. 1, 1086
do
do
J. A J.
Apr., 1892
New London, Office.
Q.-J.
J. A D. N. Y., Bk. of No. Amer. June 1, 1892
July
1, 1910
do
do
J. A J.
Nov.
Central
Truirt
Co.
1, 1918
0>
N.
Y.,
A
Jan., 1911
A J.
1. 1940
default.
Jan.
In
A J.
Oct., 1931
A O. Now York Agency.
1931
(I)
A J. N. Y., Corbln Bank'g Co. Jan. 1, 1897
do
A. A O.
do
Oct. 1, 1935
M. A N. London, Baring Bros. May 1, 1904
F.
M.
F.
F.
F.
Ac StraUsirlllc—Owns from Newark, O., to and $4,900,000 lat mortgage bonds are held by the Alabama New Or44 miles. Leased to Baltimore A Ohio till November 1, 1929 leans A Texas P.aciflc Junction Riiilway Company— which see.
(with right to perpetual renewal at B. A O's option) at 30 per cent of
From July 1, 1891. to Mar. 31, 1892 (9 months), gro.ss earninffs were
fross earnings aim a ininlmum rental of $40,000 (Uiterest on debt), $985,781, against$879,126in 1890-91; net, .$233,000. against ,$208,152
tock, common $795,400, and preferred, $218,200 (par both, $50). in 1890. In year ending June 30, 1891, gross earnings were $1,135,8705,550 of the flrst and $191,850 of tlie latter being owned by the 859 net, $261,540 interest paid, $365,400 interest credits, $6,465
Baltimore & Ohio. In 1890-91 gross earnings were $145,026; net, dettcit, $94,395. In 1889-90 deficit $15,147. (V. 51, p. 303; V. 52, p.
$2,116.
204; V. 53, p. 289.)
Orleans &, Northwrestern.—Owns from Natchez, Miss,
Newbnrg Diitohcsa & Connectlcnt.—Owns from Dutchess toNew
Rayville, La., 77 miles. Projected to Little Rock, Ark. Stock
Junction, NTY., to Millertou. N. Y., 59 miles. Eeorganlzea after foreauthorized,
$4,500,000— $23,000 per mile; par $100. Natchez Construc"
closure in January. 1877.
In 1889-90 the "half right of way from
Dutchess Junction to Hopewell Junction, witli the partly built road tion Company contr.ictors. In August, 1891, C. H. Hammond and W.
appointed joint receivers. It is said tiiey will com.Tenklns
were
D.
thereon, was purchased for $100,000. In addition to above incomes
there are $150,000 1st mortgage 78, due in 1907, and $65,000 of 5 plete an additional 24 miles of road partially constructed.
N«iv Orleans Sc Southern.— New Orleans south along the Missisper cent mortgage notes due $10,000 yearly, Jan. 1, 1892, to 1897. In
year ending June 30, 1891, gross earnings were $176,188; net, $.30,- sippi River to Bohemia, witli a branch, 66 miles in all. Successor to the
516; surplus over charges, $9,462, against $28,379 in 1889-90. The New Orleans A Gulf, sold in foreclosure March 5, 1891. See V. 62 p.
common stock is $500,000 and preferred stock $587,450; par $50. 391 V. 53, p. 156. Stock, $200,000 par $100.
From January 1 to March 31, 1892 (3 months), gross earnings
John S. Schultze, President, 59 Wall Street, New York City. (V. 47, p.
were .$34,382, against $41,887 in 1891; deficit, $2,120, against $178. In
626; V. 53, p. 603.)
1891 gross earnings were $173,415; net, $8,059, against $17,432 In
Ne«? Castle & Beaver Valley.—Owns from Homewood, Pa., to 1890. (V. 51, p. 494; V. 52, p. 391; V. 53, p. 156.)
New Castle, Pa., 15 miles. Leased to Pitttsburg Fort Wayne A Chicago
Neivport News & Tlisslsslppl Valley.—Tills company which
Rallroa<l tor 99 years at a rental of 40 per cent of gross earnings, and
Connecticut, operates under lease
lease assumed by Pennsylvania Comjianv. Dividends since 1883 is incorporated under the laws or
(till 1936) the Chesaiieake Ohio A Southwestern Railroad from Louishave been— in 1884. 19 per cent; in 1885, 10 per cent; in 1886 and
1887, 6 per cent each in 1888 and 1889, 10 per cent each in 1890, 11 ville, Ky., to Mempnis, Tenn., and branch, 398 miles, with ita conpercent; iu 1891, 30ia: in 1892, Jan., Ha; April, li^. Gross earnings trolled line, the Ohio Valley, Princeton to Evansvllle, Ac, 108 miles.
in 1891, $169,066; not, $59,297; rental received $67,626, against The lessee is to pay fixed charges so far as net earnings suffice,
up to 6 per cent were to go to
$108,721 in 1890; loss to lessee, $8,329, against profit of $13,148 in and any surplus earningsexcess
the lessor company, the
thereafter to be retiiined by
1890.
On January 1, 1891, the company owned $5,708,700
the lessee.
New Haven Sc Derby.—Owns fi'om New Haven, Conn., to An- Chesapeake Oiilo A Southwestern common and $3,511,600 presonla, Conn., 13 miles, and extension to tlie Housatonic Railroad at ferred stock; $1,055,500 Elizabethtnwn Lexington A Big Sandy
Huntington, 4 miles. Leased to the Housatonic for 99 years from Railroad stock; $3,135,936 Cliesapeake A Ohio common, $244,736
July 9, 1889, the rental being guaranty of interest on bonds and flrst preferred and $1,510,400 second preferred stock. On the same
funded coupon cortiticatcs, and 2 per cent on stock till July, date there was due from the dies. Ohio A S. W., as per balance sheet,
1892, then 3 per cent till July, 1895, and 4 per cent thereafter, $935,429, and from the Eliz. Lex. A Big Sandy $ 16,853. In Fell.,, 92,
lilvidends arc paid directly to stockholders in semi-annual instalments tlie lease and stock of the Elizabethtnwn I^xington A Big Sandy were
January 10 and July 10. Stock is $470,000; par, 100.
transferred to the Chesapeake A Oliio. See balance sheet iu V. 52, p.
Newr Haven Sc Northampton, ^Dperatcs from New Haven, 607. Central Pacltic owns $1,680,000 of the stock. Offices of comConn., to Conway Junctfon, Mass., 95 miles; branches—To Williams- pany. No. 23 Broad Street aud New Haven, Conn.— (V. 48, p. 589; V.
burg, Mass., New Hartford, Conn., Turner's Falls, Mass., Tariirville, 50, p. 559 V. 52, p. 607.)
Conn., 32 miles leases— Ilolyoke & Westtteld RR.IO miles; total, 137
Neiv York Brooklyn Sc Manhattan Beach.— From Frosli
miles. In June, 1887, leased for 99 years to the New York New Haven Pond Junction to Manhattan Beach, and branches to Bay Ridge and
A Hartford at 1 per cent on stock till April, 1890; then 2 till April, Greeunoint, 20 miles. This was a consolidation Augu.st 27, 1885.
1893 then 3 till April, 1896, and 4 afterward. Interest on bonds is Leased for i)9 years from May 1, 1882, to tlie Ijong Island RR. Co. at
guaranteed. Earnings are included iu the e.araings of tlie lessee. The 35 per cent of gross earnings, but the rental guaranteed to be at leaat
Holyokc A Westtleld lias paid annual dividends since 1879. Its first $95,980 in each year Ist consolidated bonds are cinlorsed by Long
mortgage bonds due April 1, 1911, are guaranteed principal and interest Island Railroad on application. Stock is $350,000 common and
by the New Haven A Northampton.
$650,000 non-cumulative prefeiTcd (par, $100). Dividends on preferred
Jinw Jersey Junction.—Tiu-minal road through Jersey City, from 1886 to 1891, both inclusive, 5 per cent per annum, paid semiHobokcn snd Wcehawken, connecting the trunk lines tennina'ting at annually, April and Oct*»ber, bv Ivong Island Railroad C<mii)any. The
those points ;l engtli about 5 mile.s. Leased for 100 years from June consolldat<><l mortgage of 188& is for $2,000,000; trustee is Central
30, 1886, to the New York Central A Hudson River KR. Co., which Trust Company. In year ending Juno 30, 1891, rental was $110,300;
company guarantees the bonds absolutely. The mortgage is for deficit under interest and dividends, $913. (V. 51. p. 494.)
Newr York A: Canada.— Owns from Whitehall, N. Y., to Rouse's
$4,000,000.
Point, N. Y., 113 miles; tiranches to Baldwin, Ausalile and Province, 37
New Jersey dcNewT York.—Owns from Erie Junction, N. J., to miles;
total ojierated. 150 miles.
Ijca-sed in pen^etulty and virtually
Gamervil.fi. N. Y., 29 miles; branches to New City, etc., 5 miles; operow^ne<l by the Delaware & Hud. Canal Co., which guarantees the bonds,
ates to Haverstraw, etc., 14 miles total operated, 48 miles. Reorganand
has
$-1,033,030
Invested
in it. The stock is $-1,000,000; par, $100.
ized after foreclosure in April, 1880. Stock outstanding, $1,440,800
For year ending Juno 30, 1891, gross eamin>!» were $1.026,'761,
common; $787,800 preferred; par, $100. Control of road is with pre- against
$1,114,860 in 1889-90; net, $241,412. against $4.54.784; deficit
ferred stock and flrst mortgage bonds till 6 per cent dividends have been
under
charges $63,826, iirgainst surplus of $156,363.— (V. 52, p. 280,
laid on preferred stock fcir three years. From Jan. 1 to March 31,
762 V. 53, p. 224, 568, 714; V. 54, p. 289.)
?l892 (3 months), gross earnings were $64,012, against $57,129 in 1891;
New York Central ic Hudson River.—<'£«« Map) Owns
lesson operations, $16, t47, against $10,903. In 1890-91 gross earnfrom New York City to Buffalo, N. Y., 442 miles; branches on N. Y.
ings, $276,609; net, $31,987; deficit under interest, Ac, $8,416.
Central
division, 37'7 miles; total owned, 819 miles; lines leased— West
Henry W. De Forest, President. (V. 54, p. 441.)
Shore RR. and branches, Weehawkeu to BulTalo. 495 miles Troy A
Ne^v Iiondon Northern.— Owns from New London, Conn., to Grcenbush, 6 miles; Spuyten Duyvil A Port Morris, 6 miles; New \ork
Brattleboro, Vt., 121 miles, and leases Brattleboro A Whitehall RR., A Harlem, 136 milea: New Jersey Junction, 5 miles; Rome Watertown
Brattleboro to South Londonderry, Vt., 37 miles. The entire line is A Ogdeiisburg, Suspension Bridge to Mas.sena Sjtriugs, and branches
leased for 99 years from December 1, 1891, to the Consolidated Ver- 629 miles grand total, 2.096 miles. About 300 mile~ of the New York
mont RR., which assigned the lease to the Central Vermont. The Central Division has four tracks. Also operates tlio Dunkirk Allegheny
rental is $210,000 per annum, which leaves a small surplus after pro- Valley A Pitt*iburi Railroad, 104 miles, reported separately.
viding yearly tor iuterestaml 8 per cent dividends. Taxes, assessments.
In January. 1891, leased the Beei'h Creek Railroad (which see), 131
Improvement*! and renewals, are met bv the lessee, without claim on the miles, not include<l in above mileage.
New I>ondoii Northern. Quarterly dividends of 2 per cent will be paid.
Orovnization, Ac—This company was formed by a consolidation ot
Dividends since 1876— In 1877, 6% per cent; from 1878 to 1880. in- the New York Central and the Hudson River railroads October 1, 1869.
clusive, 6; iu 1887, 6iaifrom 188H to .Ian., 1892, inclusive, at rate of The New York Central was a consolidation of several roads under a spe7 percent per annum. Beginning April 2, 1892, i|uarterly dividends of cial law of April 2, 1853. The Albany A Schenectady Kailniad, opened
2 per cent will be paid under the lea,se. Included In tlie amount of con- September 12, 1831, as tlie Mohawk A Huilson, wa-s the first railroad
sols outstanding are tlie bonds sold to retire the 7 per cents due June built in the Stat« of New York. The West Shore Railway wa^ lea.sed In
1, 1892, on payment of which the con.sol mortgage liecomes a Hrst lien.
December. 1885, for 475 years. Tlie Rome Watertown A Ogdensburg
—(V. 51, p. 241 V. 52, p. 391 761 V. .53, p. 256, 881>.
was leasetl in perpetuity in March, 1891, its debt lieiug assutiuMl aud 5
NewT OrleauM Fort JackMon ac Crand iNle.—Operates from per cent guaranteed on its stock. See V. 52, p. 463. The Beech Creek
RR. (which see) is leased for 999 years and 4 per cent cuarauteed on
New Orleans, La., to Buras, 60 miles, and branch 1 mile.
Its stock and bonds.
See V. 52, p. 570. In 1892 the Federal GovernNeiv Orleans tc Gulf.— See New Orleans A Socthern.
ment ordered the Central to raise its bridge over the Harlem River 24
New
Orleans dc North Eastern.—New Orleans, La., to Meridian, feet. This will necessitate an outlay of between $3,000,000 and
'— , 106 miles. Stock U $5,000,000 (par, $100), of which $4,320,000 $4,000,000. See V. 54, p. 560.
Nenrark Somerset
Shawnee,
O.,
;
;
;
;
;
;
;
;
;
;
;
;
;
;
—
;
;
;
,
;
190
INVESTOllg*
SUPPLEMENT.
'^'^OL.
uv.
.
Mat,
RAILROAD STOCKS AND BONDS.
1898.J
Subscriber*
nrlll
confer a
ffreat
RAILROADS.
For explanation of column headinKX,
on UrHt page of tablcft.
Debt
iSio.,
see
&
N. Y. C.
—
$;iO,000,000
mortgage...? ji2.000;000
H.,
(
)
\
„„„„„„
coupon „„
or
'
840
840
—
.
.
Terminal luiprovcm't mortgage, (for $.'>,000,000)
York' Lake Erie *t iiVA'/cr;*— Stock, common. ...
Preferred stock, not cumulative
M.Y. <fe E. l.st M.,l'iermonttoI)unkirk,N.Y.,ext.o*
2d mortgage, (extended in 1S7!I) gold
c*
3d mortgage, (extended in 188.'1) gold
c*
4tli mortgage, (extended in IRMO) gold
c*
5tli mortgage (oxteuded in 1888), gold
o*
513
40
40
151
132
214
200
200
S&w
1853 500 Ac.
1873
1,000
1,000
1873
1884-9 l,0OO&c
1890 l,000&o
100
100
100
1887
1,000
1,000
1892
1878 100 &0.
50
1872
1,000
100
1880
1,000
1883
1,000
1890
i'oo
446
446
446
405
465
60
526
Erie R'y,lst M.,Butr. Br. Iloruellav. to Attica, g.o*
Ist consolidated mortgage, gold, $ <& £
o*
100
1847
1,000
1,000
1879
1,000
1853
1857
1,000
1858 500 &e.
1861 100 &c.
1,000
1870
Stock and Bonds.— The famous scrip dividend of 80 per cent on the
capital stoeli of tlie New York Central was made in Decemi>er, 1868,
and ou tlie consolidation with the Hudson Kiver Road (November 1,
1869,) a furtlier dividend of 27 per cent was distril>uted ou the New
York Central stock aud 85 per cent on tlie Hudson River stock. Under
the lease of tlie West Shore Ry. $.50,000,000 of 4 per cents were guaranteed aud $10,000,000 West Sliore stocli taken as consideration.
Of tlio $11,000,000 5 per cent debentures due 1901, $1,000,000 registered bouds, dated in 1889, have no mortgage privilege, but have a
stock conversion privilege, while debentures of 1884 liave not.
In June, 1890, $l.'>,0o(>,000 debenture 4 per cents were authorized
for improvements. I'liey are to lie included
any new mortgage, and
have a sinking fund of $300,000 yearly no drawings.
Dividends.- From 1.S69 to 1884, inclusive, 8 per cent per annum; in
1885, 31s per cent. From 1886 to 1889, inclusive, 4 yearly; in 1890,
4'2": in 1891, i^; in 1892, January, IH; April, IM (quarterly).
Price of stock.- In 1880, 122*155;%; in 1881, 130'4<«155; in 1882,
123'>8a'138; in 1883, Illi2®12»i8; in 1884, 8:fi2®122; in 1885, 81 «4®
IO714; in 1886, 98%®H738; in 1887, 10134<cll45s; In 1888, 102i2®lll;
In 1889, lOl'sailOi^; in 1890, 95i4®llli in 1891, 98i2®119%; in
1892, to .May 20 iuclusive, I12-^ail9i4.
Oi'ERATUiNs, FiNANc'KS, &c.—Tile table below at the end of these re
marks sliows the net re-uilt of operations in each of tlie past si.K years.
The Hsc^al years ended with Sept. 30 till 1889 inclusive, and since then
m
—
with June 30.
Tile returns for the nine
the R. W.
&
months ending March 15 showed as follows,
March 31, 1891. (V. 54, p. 845.)
Og. being included after
Gross earnings
Net earnings
Flrstcharges
1890-91.
1891-92.
$27,514,866
$9,015,923
6,381,250
$34,558,177
$11,009,374
7,411,496
$2,634,673
$3,597,878
(3)2,682,849 (35j) 3,353,561
Prottt
Dividends (quarterly)
Balance
def. $48,176
sur. $244,377
Report for 1890-91 was in V. 53, p. 518. The
figures for 1890-91 inolude the Rome W'atertowu A Ogdensburg after
March 15, 1891
1888-89.
1890-91 •
1889-9a
Gross earnings
$35,441,096
$37,008,403
$37,902,114
Oper. exp., iuclud. taxes... 23,885,801
24,492,130
25,370,852
Year ends June
30.
Ketearmings
P.
c.
of oiper. exp. to earns.
$11,555,295
67-39
$12,516,274
66-18
$12,531,262
66-94
INCOME AOCOtnn-.
1890-91.
1889-90.
Keeeiple—
$
Netearuings
Bebate ou State tax of prior years
Total income
Dtsbttrsements
Bentalspaid
lnt(!re.ston debt
Taxes on earnings and capital stock
Dividends
Reserved for debentures
Miscellaneous
Total disbursements
Balance
(4"a)
$
12,516,274
111,030
12,531,262
88,740
12,627,304
12,620,002
4,053,393
3,590,535
209,884
4,024,273
4,452,100
3,854,9(i8
(4)
274,896
4,024,273
300,000
72,222
11,878,085
8Ur.749,219
12,978,459
def.358,457
Year
Net Income Dlvlover exp., dends,
Gross
Surplus
Mileage.
Receipts, int.&rents. p.e.
1880. 476,128,729 2,414,266,463 $3(1,.".0(),362 $4,650,100 4 $1,072,968
1887.. 528,308,742 2,704,732,176 3ri.2!)7,055 .5,147, .509 4
1,570,377
1888.559.816,0012,899,501,504 36,l:)2.9'20 3,()75,118 4
97,986
1889. .564,'J!l-2,5« 2,775,582,891 3.-).69(i,236 4,l{i6,348 4
142,074
1890*. 5.57.727,2»j2 2.973.598,069 37,008,403 4,773,492 412 749,219
1891*. 597,406,8* l»8«O,066,O46 37,902,114 3,649,299 4i<jdf.358,457
ending Passenger Freight (ton)
Bep.30. Mileage.
* Year ending June 30.
—(V. 52, p. 203, 463, 534, 643. 796; V. 53, p. 6, 22, 454, 518, 604, 673;
T. 54, p. 34, -243, 486, 'iGVl, 845.)
New York Clileaso & St. Vouln.—fSee Map of New York Central <t tJuilmn ifircr.;— Oirns from Bullalo, N. Y., to Illinois State Line,
512 miles; leases in Butfilo, li^ miles; Illiuois State Line to Chicago, 9
miles; total, .523 miles.
Biiore *
piefeiTeil
Lake
Michigan Southern owns $6,240,000 common, $6,275,000
and $'2,50.3,(K)O 1st preferred stock. A sinking fund of
year is provided when the net earnings are $!)00,0(K) or
if bonds can be bought at or below 102
if not, the sinking
^huid laiwes for that year, thus leaving $100,000 more for dividends.
2<l
5
6,450,000
30,000,000
7
%'
i(,7:t;),333
1 1 ,0(M),()00
H,riO(l,(K)0
1I,00(),()0()
4
It.
Q.-J. N.
M. A If
b
A
&
A
J.
J.
H.
J.
i>er
;
Y., ttf. Cent'l
Depot Apr. IS 1893
May
do
do
liOndon, Union Bank.
3.
J.
8.
d*
d*
June
1,
1,
1,
1,
1,
1808
1903
1903
1904
1906
Mch.
1,
1892
Jan.
Jan.
N. Y., Gr. Cent'l Depot, Sept.
do
do
D.
do
do
11,000,000
3
5.0<X),000
19,575,000
(t)
2,700,000
10,000,000
12,000,000
10,000,000
12,000,000
5,000,000
3,350,000
77,414,500
8,530,600
2,482,000
2,149,000
4,617,000
2,926,000
709,500
182,000
16,891,000
A.
&
M.
A
A
A
A
A
A
O. N. Y., Union Trust Co. Oct. 1, 1937
New York.
1942
None paid.
F. & A.
Nov. 30 ,1908
See rem. See rem. N. Y., Gr. Cent'l Depot. April, 1892
M. & N.
do
do
Hay 1, 1900
7
per an. Q.-J. N. Y., by Del. Lack.* W. April 2, 1892
do
do
6
J. & J.
Jan. 1, 1921
do
do
F. & A.
Aug. 1, 1923
5
H. A N.
do
do
May 1, 1928
4
'3'
N. Y., 21 Cortlandt St. Jan. 15, 1893
M. A N.
do
do
7
May 1, 1897
V-
4>«g. M.
A.
4
g.
^«7
g.
J.
J.
M.
S.
S.
O.
D.
J.
8.
New
do
do
do
do
do
York and
do
do
do
do
do
London.
Sept.
1,
M6U.
June
1,
I,
1,
July
1,
Oct.
Sept. 1,
1919
1923
1920
1928
1921
1920
The original issue of bonds was $20,000,000, and It has been reduced
to present amount by the sinking fund purchases.
8ee abstract of
mortgage (Central Trust Co. of New York, triiscee), V. 45, p. ,541.
Dividends— On tlrst preferrred In 1891, March, 313 percent; in 1392,
:
March, 3 per cent.
From January
1
March
to
31, 1892
(3
months), gross earnings were
$1, 618,260, Jig.ainst $1,570,946 in 1891; net, $317,171, against $350,630;
interest, rentals and taxes, $258,512, against $252,086; balance, surplus, $58,659, against $98,544. (V. 54, p. 800.)
Report for year 1890 was in Chronicle, V. 52, p. 760. Larger
earnings were caused entirely by increased tonnage and passengers.
1889.
1888.
Ot
1890.
ffi
ffi
1891.
(ft
Gross earnings
Oper. expen. & taxes.
4,918,217
4,113,824
5,090,329
4,003,544
5,820,306
4,078,251
6,171,088
5,056,082
Net earnings
Net ,inc. other Income
804,393
810,813
1,086,785
1,092,175
1,142,054
1,154,828
1,128,57'!
778,240
81,416
100,000
791,680
81,139
99,954
784,570
87,685
93,748
175,000
780,422
90,551
99,940
150,000
Deduct
—
Interest
Rentals
Sinking fund
Div. (3I2) ou 1st pref
.
1,115,006
Total
Balance
972,773
959,656
1,141,002
1,120,913
def.148,843 8Ur.ll9,402 sur.$13,826
sur.7,667
203, 280, 760, 796; V. 53, p. 714; V. 54, p. 329, 800.1
— (V. 52, p.
New York
Creenwood
Sc
I,ake.—Owns from Jersey City, N. J.,
to Greenwood Lake, 48 miles branch to Ringwood, 2 miles; total, 50
miles. The New York Lake Erie & Western controls aud operates It
In May, 1892. the prior lien mortgage was tiled. The holders of the
second mortgage of $1,800,000 have the right to pay otT the tirst mortgage bonds of $900,000 at 105. Stock, $75,000; par $100. Gross
earnings in 1890, ;fi224,466
net, $9,514; taxes, $5,647. Abram S.
Hewitt, President. (V. 50, p. 873.)
Ne»v
Sc
Owns from New York City to Cliatham
N. Y., 127 miles. From Chatham to Albany, 24 miles, the Boston
Alliany Railroad is used. This company owns the Fourth Avenue street
railroad. The property (except the horse railroad) was leased April 1,
1873, for 401 years to the N. Y. Cent. & Hudson at 8 per cent dividends
on the stock and the interest on the bouds. The preferred stock Is
$1,361,3.50; balance, common. Both stocks In additiou to the 8 per
cent guaranteed by the N. Y. Central have received dividends out of
the earnings of the Fourth Avenue horse railroad, auuuallv in April, as
follows: From 1882 to 1889, Inclusive, 2 per cent yearly; in 1890,
1891 and 1892, 2ia per cent. All operations Included in New Y'ork Central & Hudson.
(V. 51, p. 494.)
;
;
'
York
Harlem.—
Ne«r York I.aekairanna
A
&
^Vestern.—CSm Map of Delaware
Lackawanna it Westrrn.)—Tvmx\ Biughamton to Buffalo and International Bridge aud branches, 214 miles; Delaware Lackawanna ,fc Western has a lease for 99 years, giving a guaranty of the lionds and 5 per
cent yearly on the stock (endorsed ou the certlncates). In 1890 a mortgage for $0,000,000 48 was authorized to reimburse Delaware Lackawanna & Western for advances. Due the lessee Dec. 31, 1891, $1,000,738. In 1890 gross, .$8,087,853; net, $4,125,894, against $3,562,344
In 1889. (V. 50, p. 703.)
New York I.ake Erie Sc lYc»tern.—Main line Jersey City to
Dunkirk, N. Y., 460 miles, with branches 643 mile.s; total 1,102 miles.
Piennont, N. Y., to Dunkirk, 446 miles; branches— Newbiirg to
;jreycoui-t, 19 miles; BufValo Br., lloniellsville to Atlica, N.Y., 61 miles;
Newli. A N. Y. RR., Vails Gate Junction to Arden Junction, 13 luiles;
small lines (stock owned), 2 miles; total owned, 551 miles. LeaseeJersey City to Sufferns, N. V. (several small roads), 31 miles; Jefferson
Railroad, 45 miles; Buffalo Bradford A- Pittsburg, 26 miles; Buffalo
New York & Erie, 140 miles; Suspension Bridge Erie Junction, 24
miles; Rochester A- Genesee Valley, 1 8 uiiles; Avon Geue.seo it Mount
Morris, 18 miles; Buffalo & Southwestern, 66 miles; Northern of New
Jersey. 26 miles; N. Y. L. E. & W. C. >t RR., 31 miles; other small lines,
125 miles; total leased, 551 miles; t<ital New York Lake Erie * Western,
1,102 miles. Also leases New York Pennsylvania A Ohio aud liranches,
596 luilos, and owns the entire stock of the Cliicago & Erie, riiuiiiiig from
Marlon, O., to Hammond, Iiid., 249 miles, and leasing trackage over
the Cniicago A Western Indiana, 19 miles, to Chicago.
Organization, Leases, ifec—The New York A Erie Railroad was
chartered April '14, 1832, aud opened to Dunkirk April 22, 1851. Reorganized as Erie Railway Company in 1861, aud sold under the second
consolidated mortgage in 1878 reorganized as at pivseiit June 1, 1878
Tlie Long Dock Coiupauy has stock of $800,00t), all owned liy the New
Y'ork Lake Erie & Western; itsproperty consists of lands and lan<ls under
water, about 577 acres, with i)iers, buildings, Ac. The New Y'ork I.,ake
Erie & Westeru Coal A Uaiiroad Couipi.ny is an auxiliary coriHirntion
from which advances of $1,398,275 are due, as per lialance sheet of
Seiit. 30. 1891; In August, 1 890. .$3,000,000 of its liouds were guaranteed iiriiiciiial and Interest (by emlorsement on bonds), tlie property
being leased till July 1, 1925, at a rental equal to that interest. See V,
51, p. 752, aud description of property in V. 52, p. 642.
In the reorganization of the Chicago Jc Atlantic (now Chicago A Brie),
there were issued $12,000,000 4-5 per cent Ist mortgage bonds, inters
Owns
,.\£
;
The former Itiiihruy Co. Was formed in 1881 and became known as
the "Nickel riate." Sale In foreclosure took pl.ace May 19,1887, and
the present conipauy was formed in Sejitember 1887. The 1st preferred
stock is lor .J>."i,OO0,()00, and lias a 5 per cent preference, non-cumulative,
and tlie preferred st<ick for $11,000,000 has next preference for 5 per
cent, null-cumulative; ccaumou stock is $11,000,000; par of all, .$100.
$100,000
upwards,
1>4
1^100 $80,428,300
1883
,..„
reg.
DebciituTOfl
cAr
Delientiircs for $1.'>,000,000 g., s. f. not dr'n. .oAr
Y.CItieuqnifSt. F.ouia Common stoclc
2d urcft'rreil (5 por cent, uouHnimulative)
l8t prcfcnTd [h ppr cent non-cumulative)
Ist nuu"lKi«*fc j<ol(l, sinl^iuK fund not drawn
c'
S. r. it Greenirimd 7,rtAc— Prior lieu M., #500,000.
let and 2d uu)rt., income
JIT. Y. it llarlcm— Com. and pref.»tocl{, 8 p.o.,N.Y.C.
Consolidated mortgage, coupon or registered .c*
K. Y. Litekitwanna t£ lI'cif/erH—-Stock, guar. 5 p. ct
Ist mortgage
c
2d mortgage, guar. l>y Delaware Lack. & Wost.o
jr.
•i
favor by Klvlna; immediate notice of any error dleeovered In these Tables.
Bond*— Prinel
DJTEREBT OR DIVIDENDH.
Miles Date Size, or
Due,
Amonnt Bate per, When Where Payable, and by pal.Wlien
notes
of
of
I'ar
Htttrkg—lAutt
Road. Bonds Value. Outstanding Cent.
Payable
Whom.
Dividend.
tt Hudson Rite)
Stock
cortilleates (N. Y. Central) oxt. 10 y'rs
York Central
Jfeui
«
.
.
:
INVESTORS' SUPPLEMENT.
99
Snbacribera
\rlll
UV,
[Vol.
confer a great favor by e<vlns Immediate notice of any error discovered In theae Tables.
iJomte— Princi-
INTEREST OR DIVIDENDS.
KA1LEOAD8.
pal, When Dne.
Miles Date Size, or
Amount
Par
per When Where Payable, and by Bloekg—lMSt
of
For explanation of column headings, Ac, see notes of
Outstanding Rate
Dividend.
Value.
Cent.
Payable
Whom.
Bonds
Road.
on first page of tables.
Jftw Tork Lake Erie <t Weslem—( Continued.}—
K. Y. L. E. & West, funded coupon bonds, gold.c*
c*
1st lien mort., gold, sink, fund (not drawn)...
2d eonsoUdated ami funded coupon bonds, g..c*
Collateral trust bonds, s. f. drawn at 110, g..o*
c*
Funded coupon bonds, gold (red. at 105)
Income bonds (non-cumulative)
Car trust bonds, ser. C. to G. inol., partpd. ann.c*
N. Y. Car trust, 1888, eer. A. (guar, by D. AH.)..
c*
Co. 1st mortgage
c*
Consol. mort., g., red. at 110 from land sales.
Kewburg <fe N. Y. Ist mort., extended In 1889.. c*
H. Y. L. E. 6i. W. Coal &RR. IstM. gu.,endor8ed.c*
c*
H. Y. L. E. & W. Dock & Imp. Co. 1st mort
Jf. T, (t Massachuiellt—Stocla
1st mortgage
Jf. T. i«JV.^»iate;u?— Stock (.$20,000,000 authorlz'd)
526
534
....
....
Long Dock
Preferred stock, 7 per cent cumulative
1st mortgage ($6,000,000 are 78)
2d M.,part scaled ($998,000 were 5s till Feb.,'92)
Consolidated mortgage for $25,000,000, gold.
12
40
113
321
321
c*
Boston Terminal Ist mortgage
Rhode Id. & Mass. Ist mort for $1,500,000 guar.
New England Equipment Co.
1st mort., gold.
. .
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1888
1863
1885
1868
1882
1883
100
1875
1,000
100
100
. .
1876
1882
1892
1889
1,000
1,000
(»)
3,000,000
4,500,000
250,000
1,100,000
4,000,000
1,014,000
24,000
19,781,000
3,665,000
10,000,000
5,000,000
1890
.c
1,000
—
2758®34%.
Price of preferred stock— In 1884, 20®71 in 1885, 18®57 in 1886,
50H!®81i2; in 1887, 59®76; in 1888, 52is®67i«; in 1889, 61®71%;
lnl890, 46®69i2; inl891, 47'a®77%; in 1892, to May 20, Inclusive,
;
;
65®77i2.
The first lien bonds of 1878 have an accumulative sinking fund of
$100,000 yearly and might be called for payment, but the company
" has decided tliat redemption shall be by purchase only."
The first consolidated funded coupon bonds are secured by lien of consolidated morteage. On the second consolidated mortgage (Farmers'
Loan A Trust Company, trustee) no foreclosure can take place till six
successive coupons are in default, but all of one coupon must be paid
before any part of a subsequent coupon is paid. In 1883 the collateral
trust bonds were issued (the United States Trust Company, trustee see
V. 38, p. 509), redeemable at 110 on tlirce months' notice. The second
consolidated funded coupon l)onds of 1885 were issued to fund three
past^due coupons and the coupon of June, 1886, the coupons being deposited as security. These bonds are redeemable at any time at 105 and
accrued interest. The Long Dock mortgage for $7,500,000 was issued
tn 1885 ($3,000,000 being reserved to meet the old bonds), and the
bonds are redeemable any time at 110, but from land sales only.
On July 1, 1891, the new car trusts amounted to $1,059,071, and the
new engine trust to $523,425— all of which will be paid previous to 1898.
The N. Y. L. E. A W. Coal A RR. Company's bonds were described In
V. 52, p. 642. See also above under " Organization, Leases, etc."
Finances, Earntnos, Etc.— In December, 1891, a dividend of 3 per
cent was declared on the preferred stock, the first since 1884. On
April 1, 1893, loans and bills payable were $4,013,959.
For the first six months of the fiscal year the results as reported to
the N. Y. State RR. Commissioners were as follows
.— Quar.end. Mar.31-, Six mos. end. Mar. 31.^
;
Gross earnings
1890-91.
1891-92.
$
$
$
$
6,517,962
2,185,445
6,937,673
15,137,104
4,913,044
1,306,208
563,017
889,266
14,122,759
4,855,881
1,263,155
1,622,128
187,042
1,502,493
158,245
3,592,726
474,830
3,606,836
467,021
Total
1,809,470
Deduotint., taxes, Ac... 1,943,200
1,660,738
1,984,484
4,067,.556
4,073,857
3,932,367
Neteamings
Prop'n due leased lines*
Balance
Otberlnoome
Balanse
2,091,7.59
3,888,127
df.133,730 df.323,746 sur.179,429 sur.141,490
Leased on a percentage basis.
The annual report for the year ending Sept 30, 1891, was published
In the Chronicle, V. 53, p. 792, 794, Ac. The gross earnings include
tht New York Fennsylvama A Ohio and all the leased lines.
*
1888-89.
1889-90.
1890-91.
Total gross earnings
Proportion paid leased lines
$27,004,406 $29,068,935 $30,090,699
2,409,133
2,614,101
2,587,066
Leaving as gross revenue
Total operating expenses
$24,595,273 $26,454,834 $27,503,633
17,854,425 19,505,951 20,243,936
Net earnings
P.
0.
$6,740,848 $6,948,883
66-1167
87-1024
PKOPIT ASD LOBS STATEMENT.
1888-89.
1889-90.
oper. exp. to totaJ ffTOM eam'8.
OreMtt—
Net earnings
Pavonla ferries earnings
Interest on securities
Other credit items
Totalcredits
Debiti—
Pavonla ferries—expenses..
Interest on funded debt
Weehawken docks interest..
Interest on loans
Interest on mortgages, Ac...
Interest on equipment
Bentals of leased lines
.
—
Skxe*
June
1,
1,
1,
1,
1,
1,
1920
1908
1969
1922
1969
1977
1900, '02, '05
$63,000 Jan. 1
June
Oct.
Jan.
May
July
1,
1,
1,
1,
1,
1893
1935
1929
1922
1913
M.
6&7
J.
6
P.
!'
A.
A
A
A
A
N. Boston,Of.,244 Fed'l St. Nov. 2, 1891
J. Boston, S. Dep. A Tr. Co. Jan. 1, 1906
A. Boston, 180 Sumner St. Aug. 1, 1902
1942
do
O.
do
Apr.
1,
1939
5
;
1892.
Dec.
Nov.
Dec.
1905
3>3
'i,386,d6o
for debts duo and in
is guaranteed, Erie receiving
consideration of guarantee $2,000,000 of these Ists, $5,000,000 incomes and all the $100,000 stock. See Chronicle, V. 50, p. 621, 752:
V. 51, p. 911. Road was turned over to Erie on September 1, 1890.
Stock and Bonds.— Preferred stock has a prior right to per cent
fnon-cumulative) from the net i>roflts, " as declared by the board of
directors," but the U. 8. Supreme Court held in 1880 that this stock has
no legal right to claim a dividend, though net earnings are sufficient.
Dividends on preferred stock from 1882 to 1884, 6 per cent none
afterwards till Jan, 15, 1892, when 3 per cent was paid.
Price of common stock— In 1884, llie®28^ in 1885, 9i4®2778: In
1886, 22i9®3838; in 1887, 24i2®3558; in 1888, 2238®30%; in 1889,
2538®30''8; in 1890,16®29ia; in 1891, IV^a'Siai'^; in 1892, to May 20
1891.
A D. N. Y., Drexel, Morgan.
?«• M. A N. N. Y., 21 Cortlandt St.
J. A D.
do
do
!«•
J. A D. Paid 6 p.c. Jan. 15, 1892
Various
5
N. Y., 21 Cortlandt St
5
J. A J.
do
do
7
J. A D.
do
do
A. A O. N. Y., Drexel, Morgan.
J. A J N. Y., 21 Cortlandt St.
G
M. A N.
do
do
6
J. A J
do
do
J.
m
$7,259,697
67-2763
PROFIT AND LOSS STATEMENT— (CONCLUDED.)
4.54,589
274,870
385,641
269,298
$7,817,352
$8,038,899
$8,299,730
$341,627
1(>4,750
6,787
319.488
1,220,884
119,875
1889-90.
1890-91.
$55,692
201,275
$51,955
156,610
Total debits
$7,042,576
$7,178,644
$7,294,352
$860,254
$1,005,378
Balance, surplus
$774,776
; 92, 793,
642.
762
390,
081,
V.
187,
754,
778,
-(V. 52, p. 280,
53, p.
794 V. 54, p. 288, 761, 846.)
IVe^v York Sc MassacUusetts.—Owns from Poughkeepsie to Bos
ton Comers, 40 miles. Foreclosed in 1886. Stock authorized, $2,500,000 par, $100 ; issued, $1,014,000. In year 1890-91 gross earnings
$41,627; deficit from operating, .$11,353; deficit under rentals and
taxes, $17,965.
England.—Owns from Boston, Mass.,, to
York
Hopewell Junction, N. Y., 215 miles, (and thence has trackage via the
Newburg Dutchess A Connecticut to a conuection with the New York
Central & Hudson River Railroad at Fishkill, 11 miles) Providence, R.
I., to Williraantic, Conn., 58 miles; branches, Woonsocket, R. I., to
Springfield, Mass., etc., 87 miles total owned, 360 miles, of which 110
miles are double track. Leases Franklinito Valley Falls, 14 miles; Ver
non to Rockvllle, 4 miles; Franklin to Ashland, 20 miles; Norwich A Wor
cester RR. (which see), 66 miles Providence A Springfield (which see),
21 miles, and Woonsocket A Pascoag, 10 miles total leased, 136 miles;
also has running arrangements over 11 miles more. Total operated,
508 miles. From Norwich to London, 14 miles, its trains are hauled by
Controls Norwich A New Y'ork Steamer
the New London No. RR. Co.
line. The Merideii Waterbury A Connecticut was purchased in February, 1892, by parties interested in the New York A New England. The
road extends from Waterbury to Cromwell, Conn. See V. 54, p. 367,
648.
ORGANIZATION.— Successor in 1873 to the Boston Hartford A Erie
Railroad, which became Insolvent. From January 1, 1884, to January
1, 1886, the road was in the hands of a receiver.
In March, 1891, it was agreed to guarantee $1,500,000 bonds of the
Rhode Island & Massachusetts Railroad, to be issued for double-tracking and extendiug tlie line to Providence, to guarantee $1,000,000
Providence A Springfield bonds and to lease the Woonsocket A Pascoag
Railroad. See V. 50, p. 735, and V. 52, p. .550, 428.
In September, 1891, a trattio arrangement was made with the Long
Island RR., and In March, 1892, Mr. Charles Parsons became President.
.Stock and Bonds. Tlie preferred stock is 7 per cent cumulative, but
without interest. In 1892, $36i,000 preferrecf stock was sold. Dividends on preferred stock from 1886, when issued, to Nov., 1891, both
inclusive, were 7 per cent yearly In 1892 a dividend of S^aper cent
was declared payable May 2, but its payment was temporarily enjoined
and had not been paid prior to May 20, 1892.
Price of common stock: In 1883, 17ia®52i4; in 1884, 8®17'2; la
1885, 12>2®393i in 1886, 30i2®6858 in 1887, 34%®66 In 1888, 29ia
®53'4; in 1889, 41ie®53Js; in 1890, 28®52i4; in 1891, 31®43; In
;
:
-,
& New
New
;
—
;
;
—
;
May 20
;
;
3634®59.
Stock is reierved for $219,000 convertible Boston Hartford A Erie
Berdell bonds. Of the 2d mortgage bonds $998,000 bore 5 per cent
interest to Feb. 1892— for balance of term they will bear 6 per cent.
There were also J,in. 1, 1892, .$362,625 real estate mortgages and contract obligations, and notes payable, $331,303.
In March, 1892, the stockholders voted to issue a consolidated mortgage. Final action on the loan wOl be taken May 31, 1892. There Is
some opposition to its being issued. See V. 54, p. 443, 721, 800. An
Springfield is also t» be considered.
issue of bonds for terminals
The New England Equipment Company's bonds are not guaranteed,
but are secured by a first lien on certain equipment costing $485, (X)0,
and by $460,000 notes of the N. Y. A New England ER. Co. The bonds
mature as follows: From Aug. 1, 1892, to Aug. 1, 1894,$25,000 yearly;
Aug. 1, 1895 and 1896, $100,000 yearly; Aug. 1, 1897, $160,000.
From Jan. 1 to March 31, l'^92 (3 months), gross earnings were $1,360,888, against $1,345,770 in 1891; net, $187,077, against $383,889;
interest, rentals and taxes, $459,161, against $442,303; balance deV. 54, p. 800.
ficit, $272,084, against $58,414 in 1891.
Fiscal year ends Dec. 31. Annual report for 1891 in V. 54, p. 442.
The figures for 1887-88 and 1888-89 below are for the years ending
1892 to
inclusive,
m
INCOME Accotrar.
$7,259,697
4,693,021
55,245
1888-89.
$100,244
251,003
Sept. 30.
$6,948,883
360,557
$269,930
Claims of prior years
Other debit Items
1890-91.
$6,740,848
343,758
432,656
300,090
4,706,836
55,245
40,484
6,410
314,563
1,206,055
91,802
Gg. f.a'a. Boston.oidCoionyTr.Co Aug., "92 to '97
"436,d60
on which
Inclusive,
7g. M. A S. New York and London, Sept.
Dec.
do
do
6g. M. A N.
1878 $500&c. $3,705,977
1878
1,000
2,500,000
1878 500 &c. 33,597,400
1882
1,000
3,344,000
1885
1,000
4,031,400
1878 300 Ac.
508,008
38.'5,094
Miles operated
Total gross earnings
Net earnings
Other receipts
Total income
Rentals paid
;
1887-88.
1888-89.
490
488
1890.
1891.
488
$5,268,408 $5,563,408 $6,029,125 $6,229,03
$1,747,816 $1,844,575 $2,007,857 $1,915,68 4
7,204
5,043
9,301
3,699
$1,752,859 $1,848,274 $2,017,158 $1,922,888
$353,744 $383,272 $410,793 $460,240
999,238 1,013,133 1,043,384 1,116,0,56
$323,962 Taxes
283,800
264,764
229,010
251,640
4,688,880 7 p. c. div. on pref stock.
210,000
139,416
189,000
170,341
18,415
114,592
Total disbursements.. $1,721,408 $1,818,386 $1,926,977 $2,051,000
7,175
$90,187$dfl28,172
$29,888
$31,451
294.438 Balance, surplus
1,518,086 —(V. 52, p. 40, 350, 389, 428, 761 ,796; V. 52, p. 863, 940, 973; V. 53.
120,239 p. 224, 714; V. 54, p. 78, 387, 442, 721, 800.)
Interest, etc
.
Mat,
1898.]
EAILKOAD STOCKS AICD BONDS.
•3
c
.
INYESTORS' SUFPLEMEKT.
S4
Subvcrlbera
Tor explanation of column headings,
on ttrst page of table.
A'ew
Haven
&c., see notes
IstmortKiiKe (for $5,000,000)
Harlem Portchestcr, leiwed,
2d mortKage, guaranteed
<fe
r
Ist mort. guar.cAr
C4r
Ifew York it A'orWiern— Common stock
Preferred etocii, 5 per cent nou-oum
o
1st mortgage, gold
c
2d mortgage, gold (income till Dec, 1891)
S. r. Oiil. d irf.?/.— Stocli ($6,000 is old pref.)
110)..
1,'92,
at
Bept.
bo
redeem.
Ist M., gold, (to
eonsol.M. ($10,000,000) gold. red. at 105 in '99.0*
Sew York /Vnii.rfO/iio— Stock ($10,000,000) is pref.)
o*
Prior lien, gold. $ <t £
C
£
Ist mort. gold,
c*
2d mortgage, Incomes, gold, $ & £
c*
»
incomes,
gold,
&
£
3d mortgage,
Equip, trust bonds, sink, fund 3 p. c.(dr'u at 100)
sink,
c.(dr'n
at
100)
bonds,
fund
3
p.
Equip, trust
Deferred int. warrants, conv. into 1st M. bonds..
New Castle & Slienango Valley, 1st M., int. guar.
c
Sharon (leased) 1st mortgage, gold
ITew York FliUadelphia d: Norfolk— St(^c^i
c*
1st mortgage, .$1 6,500 per mile, gold
Income M., non-cumulative, $10,000 per mile. .r
y. r. Froituleiiee it Iloslon (.Stiiuington) Stock
$&
.
Miles
of
.
—
—
c*
First mortgage, Providence to Stonington
c*
1st mortgage (Stoniugton to New London)
c&r
General mortgage for $4,000,000, gold
K. Y. iHioekdway Heach—lat M.,g.,oud'sed by L. I.c
r
Income bonds, uou-cumulative
New York New Haven
Date
Size, or
Par
Road. Bonds Value
of
INTEREST OB DIVIDENDS.
320
320
437
437
437
437
44,999,350
8,000,000
44,325,000
14,500,000
30,000,000
123
12
12
57
57
1880
1880
1880
1880
1888
1890
....
500
500
500
500
&c.
&c.
&c.
&c.
£100
*100
* '
1887
1889
17
15
£217,050
£242,500
250,000
164,000
1,000
100
112
112
141
50
12
62
7
1883
1883
1,714,375
1,848,000
1,000,000
5,000,000
1,000,000
1.000
1,000
100
1869
1881
1892
1887
1887
4
4
J.
A.
J.
5g. A.
4g- J.
6"g.
New Haven, Co.'s Offlce.
Q.-J.
21a
6&7
pal.Wlmii
D. N. Y., Chem'al Nat. Bk. June
&
&
O. N. Y., Offlce, 32 Nassau Oct.
D. 1st coup, due June '92 Deo.
do
do
O.
D.
g.
J.
7
g.
J.
M.&'s.
M.
M.
M.
J,
1,000
1,000
1,000
1,000
1,000
300.000
1,000,000
772,000
"e'g. J.
4>ag. J.
!'
do
do
&
&
&
&
&
N. Y., Farm. L. &Tr. Co.
London.
J.
N,
None
None
N.
N.
<fc
&
paid.
paid.
Ix)ndon.
do
D.
J N.
Y.,
June
Due
D.
&"j. PhUa.VPenn.'RR! ditlce.
& J.
do
do
Q.-F. N. Y., Central Trust Co.
J.
&
J,
do
do
7
4
A. & O.
do
do
do
do
4g. A. & O
M. & 8. N. Y. Corbln Bank'g Co.
J.
J.
,
Jan.
1
2,
1,
1892;
1,
1911<
1.
1,
192T
192T
1,
1,
1939
1903
1903
191*
Rich. 1, 1895-
July
1,
1905^
May
1, 1910
May, 1915
May 1, 1908
June 1, 1910
Farm. L. & Tr. Co. July
June
do
do
21a
1,000,000
Oct.,
M."&"S. N.Y.,Offlcc,56 Beaver St Sept.
& D. N. Y. Ollioe & Loudon. June
5
5
Apr.
&
&
&
16,764,608
'*
Bo)Kf«— Prlncl'
Amount
per When Where payable, and by AVucAk— Last
Outstanding Rate
Cent.
Payable
Whom.
Dividend.
$100 $23,375,000
1883 1,000 &c
2,000,000
1873
1,000
2,000,000
1,000
1,000,000
1881
100
3,000.000
100
6,000,000
1,000
1887
1,200,000
1887
1,000
3,200,000
100 58,119,982
1884
1,000
4,000,000
5,600.000
1889 $or £
Hartford—Sioak
tt
ur.
confer a K^eat favor by giving immediate notice of any error discovered In these Tables.
ivlll
RAILROADS.
Keu Fork
[Vou
Jan.
1,
1,
1917
1919
1923
1933
Oct.
1,
1.
May
10,
1892
Jan.
Apr.
Apr.
1,
1,
1,
1,
1,
1899
1901
1942
1927
1927
Sept.
Sept.
It is said that the first mortgage 6s will be called for redemption and
paid otfat 110 on September 1, 1S92. See V. 54, p. 721.
The consolidated mortgage ot 1889 (Mercantile Trust Company trustee) covers the entire road aud liranches, ami $1,500,')00 Ontario Carbondale & Scranton Railroad bonds and $1,495,000 stock deposited
with the trustee of the mortgage. See V. 48, p. 326; also al>stract of
Guarantees principal and interest .$75,tlie mortgage in V. 49, p. 238.
000 Wharton Valley Railroafl first mortgage 5s (M. & N.) due 1918.
On April 20, 1892, stockholders voted to Issue a general mortgage to
secure $20,000,000 of 4 per cent 100-year gold bonds of which $5,500,000 will lie used to retire the $1,000,000 sixes, $7,000,000 to retire the
iji5, 600,000 consolidated lives, and the remainder to be issued from time
to time, as required, tor additions, improvements, iVc It is in contemplation to issue within the year not exceeding .$1,000,000 of the new
fours to provide means for improvements, new equipments, <&c., which
will entail an additional charge of only $20,000 per annum, after
making allowance for the saving in interest from rcfundiug tlie Urst
mortgage 6s. See V. 54, p. 444, 683, 721.
EvKNiNOS, Finances, Ac- Since the end ot the fiscal year 1890-91
$550,000 first mortgage Os have been issued.
From July 1, 1891, to March 31, 1892 (9 months), gro.ss earnings
were .$2,344,876, against $2,068,798 in 1890-91; net over taxes,
New York Division. On June 1, 1892, $5,000,0ilC> of stock, making tlio .$553,055, against $469,,599.
For tlie nine mimths ending March 31, 1892, the total net income was
total outstanding $28,375,000, will be issued to retire tlie stock of the
N. Y. Prnvidouce & B )stou. On March 1, 1892, there were $600,000 $682,330, against .$U00,88i> in 1890-91; charges, including taxes,
balance, $107,819, against $62,137.
$574,511, again.st $538,749;
loans and bills payaiile.
(V. 54, p. 816.)
July 1. 1891, ti) Mvroh 31, 1892, gro.^g earnings, $8,825,855, against
ITiscal year ends June 30. Report for 1890-91 was in V. 53, p. 473.
$8,487,770; net in 18»0-91, $3,076,261, against $2,571,674; surplus
The figures below Include throughout the earnings ot the leased lines.
over charges, $1,953,468, against $1,477,4.54.
Fiscal year ends June 30. Report tor 1890-91 was in V 53, p. 472.
1889-90.
1890-91.
1888-89.
425
1888-89.
1889-90.
1890-91.
Miles operated
371
371
Gross earnings.
$10,094,487
$10,749,167
$11,323,016 Gross earnings
$2,200,446
$2,809,708
$1,975,471
Total net income
$3,146,931
$3,518,776
$3,615,257 Operat'g expenses and taxes. 1,630,315
2,155,376
1,768,042
Deduct
Interest, rentals and taxes. $1,470,287
$1,615,766
$1,713,161
$654,330
Balance, net earnings....
$432,401
$34.5,126
Dividends (10 per cent) ....
1 ,550,000
1,705,000
1,870,000
$729,330'
Tot.al net income
$432,404
$345,126
453,902
Interest
on
mortgage
bonds..
203,000
)
(
Total
$3,020,287
$3,320,766
$3,583,161
.5.034
4,213
Surplus
$126,644
$198,010
$37,097 Miscell. interest and discount > 282,480?
169,954
Rentals paid
78,748
)
(
(V. 52, p. 121, 280, 707; V. 53, p. 95, 368, 472, 604, 714; V. 54, p.
288, 542, 560, 721, 800.)
$628,890
$285,961
Total disbursements
$282,480
$100,440
$146,442
York
Northern.— Owns from 155th Street and 8th Ave. Balance, surplus
$62,616
nue. New York City (connecting witli Metropolitan Elevated), to
Thos. P. Fowler, President, New York.
miles;
Brewsters, N. Y., 54
double track branch from Van Cort(V. .52, p. 162, 165. 280, 391, 609,762: V. 53, p. 21, 256, 473, 754,.
landt to Yonkers, 3 miles operates 4 miles total, 61 miles. The New 881; V. 54, p. 289, 444, 597, 683, 721, 846.)
York City & Northern was sold iu foreclosure August 17, 1887, and tlds
company was organized. Trustee of 1st mortgage Is Central "Trust Co.;
New York Pennsylvania *; Ohio.—Owns from Salamanca, N.Y.,
of 2d mortgaire. Farmers* Loan & Trust Company. Due equipment trust to Dayton, O., 388 miles; branches— to Oil City, 34 miles, other
certiticates March 31, 1892, $110,655.
branches. 15 miles total owned. 437 miles. Leased lines— Cleveland &
Interest on the second mortgage bonds became a fixed chari^e iu De- Mahoning Vallcv RaiU-oad and branches, 124 miles; Sharon Railcember, 1891, and in March, 1892, in view of the fact that this interest way (till April, 1981,) Sharon, Pa., to Sharon Junction and
was not being carnert, a reorganization plan was oflered. It proposes branches, 14 miles; New Castle & Slienango Valley. New Castle to
that the second mortgage 4 per cent bonds be exchanged for a 5 per West Middlesex, 17 miles; other lines, 4 miles; total operated, 596
cent iirst preferred stock at par for tlie principal aud one year's inter- miles. Formerly Atlantic & Great Wcstt^ru Railway. Sold July 1,
est, dollar for dollar, and the mortgage canceled. The present preferred 1871, and again January 6, 1880, reorganize 1, and again leased to Erie.
stock to l)e exchanged for second preferred stock. The iirst mortgage
The lease t« New York Lake Erie & Western made April 30, 1883,
will not be disturbe<l. To meet the floating debt it is suggested that 5 was modified April 1,^ 1887, and again October 1, 1889. See V. 49, p.
per cent debentures maturing In tlve years be issued. If the plan is 793. The rental is 32 per cent of all gross earnings until these reach
not accepted, foreclosure ot the 2d mortgage is recommended. For ex- $6,000,000, and this proportion decreases liy 1-10 of 1 per cent for
tensions, improvements and retiring at maturity all other indebtedness. each $100,000 of gross earnings above $6,000,000 until the gross earnIt is thought later a consol. mortgage will be issued.
See V. 54, p. 405 ings are .$8,000,000. If earnings equal or exceed $9,000,000, the rental
In April, 1892, a niiijorlty ($1,86.8,500) of the seconds had assented to shall lie 28 per cent. But it 32 per cent of the gi-oss earnings slii>uld
the terms of exchange— see V. 54, p. 721.
be less than a specified minimum sum of $1,757,055 to be paid
From July 1, 1891, to Mar. 31, 1892 (9 month.s), gross earnings were ever
yearly, then the deficit is to be made up without Interest out of the
387.688, against $:i51,037 iu 1891: net earnings $59,726, against excess in any subsequent year.
t62,771 in 1891. For the nine months ending March 31, 1892, net
Five trustees exercise the voting power of the new stock until the
earnings were $64,138 (against $63,156 in 1890-91); interest, rentals, third mortgage bondholders receive 7 per cent interest in cash during
taxes, ic. $104,261; deficit, $10,123.
three years. The first mortgage bonds bear 7 per cent, whatever porFor year endiug June 30, 1891, gross earnings wore $483,427; net, tion of this that may not be earned to be payable iu deferred warrants,,
$90,417; interest paid, $60,000; taxes, $20,250; construction account, to be capitalized in bonds of the same class payment of Interest to
etc., $15,426. The jiamphlet report was for nine months only; sec V.
become absolute not later than July 1, 1895, and until July 1, 1895.
53, p. 752. (V. 51, p. 458, 681, 714: V. 52. p. 239, 707; V. 53, p. 224; the right to foreclose the mortgage is suspended. On the second aud
V. 53, p. 641, 752; V. 54, p. 204, 243, 405, 721.)
third mortgages there is no riglit to sue the company or to foreclose.
From January 1 to March 31. 1892 (3 months), gross earnings were
WeHtern.—(See Map.) Owns Oswego,
Neiv York Ontario
N. Y., to Cornwall, N. Y., 272 miles; branches to New Berlin, 22 miles; $1,665,073, again.st $1,533,513 in 1891.
I'Vir year ending September 30, 1891, rental received was $2,198,616;
to Delhi, 17 miles to Ellenvillc, 8 miles total owned, 320 miles leases
Randallsville to Utica, 32 miles, and Clinton U< Rome, 12 mi'.es: (in per- other income, $34,493 tot:U income, $2,233,109', tiixcs, etc.. $94,141;
rentals
and other charges, $856,824; interest on piior lieu bonis,
getuity) Ontario Carbondale & Scrantou Railway, Hancock, N. Y., to
oranton, Pa., 54 miles; Wharton Valley Railroad to Edmeston, 7 miles. $180,000; additions and betterments, $162,942; divi lends on first
mortgage
bonds, $302,828, July 1, 1891, and .$387,807, payable Jan. 1,
By contriict has right over West Shore Railroiul from Cornwall to Weehawken, 53 miles, l)y payment ot trackage total operivted, 477 miles. 18!t2; surplus for year, $638,901. See V. 54, p. 721. (V. 50, p. 632;
V.
p.
609,
751; V. 53, p. 604; V. 54, p. 721.)
51,
The New York & Oswego Midland was sold In foreclosure November
14, 1879. and this company organized. As to agreement In 1891 with N.
Norfolk.- Operates from Delmar,.
York
Philadelphia
New
Y. Central, see V. 52, p. 609.
Del., to Cape Charles, Va.. 95 miles, and King's Creek, Md., to CrisHeld;
Stock and Bonds.- Stock is $58,119,982 (par $100), of which $6,000 17 miles; total, 112 miles. Successor of the Peninsula Railroad l^iiuIs old preferred.
pany of Virginia. Has tralHc contract till January, 1895. with PennPrice of stock— In 1885, 6%®20''8 in 1886, 1532238 in 1887, 1450® sylvania Railroad, which company sets aside 10 per cent gross earnings
2OI9; In 1888, 14® 19; in 1889, 14ia-3''22T« in 1890, 13»22%: In 1891
to purchase Ist mortgage coupons. See V. 4/7,.p..807.. Thfice is a six
14'ai2338; In 1892 to May 20 Inclusive, 1838®23i8.
per cent bottomry mortgage for $225,000.
&.
Hartford.—Owns
fi-om
Woodlawn,
N. Y., to Springfield, Mass., 123 miles; branches to New Britain, Middle
town and Sultield, etc., 18 miles; total owned, 141 miles; leases— Shore
Line Railroad, 48 miles Boston & New York Air Line and branch, 55
miles; New Haven <fc Northampton Railroad, New Haven, Conn., to
Conway Junction, Mass., and hranclies, 137 miles; Naugatuck Railroad,
Naugatuck Junction to Wlnsted, Conn., aud branch, fil miles; Hai'tforo
& Couuecticut Valley, Hartford to Fenvvlck, Conn., 40 miles; New York
Providence & Boston aud lea.sed lines, 136 miles; other lines. 29 miles;
total leased, 367 miles total operated, 614 miles. The company uses
the New York & Harlem Railroiul from Williamsbridse Into Now York
City auil pays rentil therefor. Tlie New York Providence & Boston
was leased from .ipril 1, 1892, and its stock will be exchanged for Now
Haven stock. See the Providence Company and V. 54, p. 721.
Dividends of 10 per cent paid regularly since consolidation In 1872.
Price of stock— lu 1885,1753204; in 1886, 204i2®223; In 1887, 208
®233; in 1888. 215S244; in 1889.2413279; in 1890, 244ia®270 in
1891, 224i2®271; in 1892, to May 20 inclusive, 221®245i3.
Stock autliorized, $50,500,000. It may be issued for improvements,
buying stocks and iionds of leased roads, &c. The stock was increased
on October 1, 1891, by the issue of 46,750 shares at par to the stockholders. The proceeds were applied in part to the four-trackiug of the
;
;
j
;
—
.
—
New
.
&
;
;
;
;
—
A
;
;
;
;
;
&
;
;
;
Hat,
1893.]
RAILROAD STOCKS AND BONDS.
9S
INYESTORS' SUPPLEMENT.
96
Subscribers
nrlll
Miles Date
For explanation of column beadlngB,
on first page of tables.
&c., see notes
cum.
....
0*
MUllana KR. of N. J, Istmort., gold
Paterson Extension RE. Ist M., real estate, g..c*
N. Y. Bus. & W. l8t M., refdK, p. (2d M on 73 m.).o*
2d mort. ($1,000,000 gold) 3d M. on 73 miles. o*
c*
General mortgage for $3,000,000, gold
73
jr.
Y. Texas
p. ct.
<t
Mac.— IM..
M.,g.,l?or JB.gu.by So.Pac.o*
Carolina— Ist M. for $1,500,000, gold.o*
Jforfolk <t Southern— lut M., $10,000 p. m., gold.o*
Ifor/olk <e ir«(ern— Common stock
Pref stock 6 per cent, non-cumulative
Korf k & Petersb'g— 2d M. (now Ist) Nor.to Pet'g.o
Bouth Side—Cousol. mort., Ist pref., extended. -C
o
Consol. M. 2d pref. gold, extended
Consol. 3d pref., Petersburg to Lynch. & tor's. .0
Virginia & Tcirn. enlarged M. (extend in. 1884) .o
4tn M. Lynclib'g to Bristol and branch, 214 ra.c
Horf.iWest.Gen.M.. Norfolk to Bristol, etc. gold.o*
1
134
134
134
91
110
104
,
,
.
New
River division 1st mortgage, gold
Improvement & Extension Mortgage,
c*
gold. .0*
.
AcUustnient Mort., gold (red. Oct'94atll0)..c*
Cainoh VaUey Div. Ist M., gold, $19,000 p.
o*
Convertible debent'res, subject to call at 100. c*
Hundred-year mortgage, for $4.5,000,000, gold.
Boloto Valley & New England, lstM.,assum.,g.c*
Korf. & West.— 1st M. Maryland & Wash Diy.,g.c*
Collateral loan
Equipment M, 10-208, g.,dr'nat 100aft.May,'{»8
Equipment mort.tor $5,000,000 (red. aftlOyrs.)
m
81
133
133
133
214
214
428
155
583
583
105
971
129
255
1880
1881
1887
1887
1890
1882
1889
1891
In 1891 gross earnings were $788,430
500
100
100
1868
1,000
1868
1,000
1868 100 Ac.
1868 100 Ac.
1854
1,000
1866
1,000
1881
1,000
1882
1,000
1883
1,000
1884
1,000
1887
1,000
500
1884
1889
1,000
1889
1,000
1891 500 <bo.
1891
1888
1,000
1892
1,000
net, $165,545.
;
net, $155,739. In
(V. 50, p.
;
guarantee. See V. 53, p. 406.
Kepiirt for 1890-91, in V. 53, p. 406. showed gross earnings,
$3,091, 321; net, including investments, $601, «>27 (against $572,122 in
188il-!)0); interest, $9 l,3y2; dividends (10 per cent), $500,000; balance,
surplus, $7,235. (V. 52, p. 809; V. 53, p. VM, 406, 674; V. 54, p. 542,
660. 721.)
Neiv York
& Roekanray Beach.—Owns from Glendale Junction
Rockaway Park, 105j miles; trackiige to Long Island City, Brooklyn, Far Kockaway, etc., 19 miles; total operated, 29^ miles. Stock
authorized, $1,000,000; outstauding, .^937,200 par, $100. Controlled
by Liuig Island Railroad Company, whose endorsement is priuUid ou
first niortga«v bouds.
(Formerly New York Woodhaven A Rock;iwaj'.)
In year ending June 30, 1891, gross earnings were $233,080 net niwmie. $49,801; surplus over interest, etc., $8,463, agaiust $1,788 in
1889-90. (V. 53, p. 568.)
to
;
Whom.
Payable
Cent.
1,000
1,000
1890 gross
245 V. 51, p. 142.)
Ne^T York Providence 4: Boston.—Owns from E»rovldenoe, R.
I., to New London, Conn, (including the Thames River bridge), 62 miles;
braiiohes. 18 miles; leases— Pawtuxet branch road. 6 miles; Providence
A Worcester RR. (which see). Providence to Worcester and branches,
60 miles; total, 136 miles. Owns a mfOority interest in the Providence
A Stonington Steamship Line, with capital of $2,000,000.
Leased for sixty years from April 1, 1892, to the New York New
Haven A Hartford, wliich assumes all liaiiilUies and guarantees same
dividends on sto3k as are paid ou its o\vi\ stock, but after the New
Haveu road has ofifered its own stock in exchange for Providence stock,
share for shiire, the rental is to be 6 per cent per annum.
Of the $4,000,000 of general nwutgage bonds $1,300,000 can bo
tesued only to retire prior bonds at maturity, 'llie New York Providence A Boston and the Old Colony RR. Terminal C'f ., inoori)')r:vted in
1891 to construct a new station and tennitial fac'.litica at Providence,
has authority to issue $3,000,000 bonds, whicii this corporatiou and the
Old Colony, having equal control of the company, will either hold or
;
Amount
Outstanding Rate per
500&C.
1,000
1,000
1,000
1,000
Car trust, pilncipal and interest
Mmin^ were $803,197
jBowd«— PrindINTEREST OR DIVIDENDS.
pal,When Due.
When Where Payable, and by ,StocA:s— Last
or
$ioo
stock
<e
.
Size,
of
Road. Bonds Value.
M. T. Busquehannit WaVn—Tret. stock, 6
Worfolk
UV.
confer a great favor by BlTtng tmmedlate notice of any error discovered In these Tables.
RAILROADS
Common
IVoL.
New
1>4
$8,000,000
Various
13,000,000
3,500,000
eg. A. & O.
250,000
6g. J. & D.
3,750,000
5g. J. A J.
4isg. F. &. A.
636,000
1,250,000
5g. F. <tE A.
1,457.500
4g. A. & O.
1,320,000
5g. A. & O.
625,000
5g. M. & N.
9,500,000
40,000,000
A. & O.
l>fl
490,000
8
J. & J.
290,000
J. 4 J.
270,500 5g.A6g. J. & J.
452,800
6
J. & J.
980,000
5
J. & J.
1,000,000
8
.1.
& J.
7,283,000
6g. M. A N.
2,000,000
A.
A
O.
6g.
5,000,000
6g. F. A A.
1,500,000
Q.-M.
7g.
2,500,000
5K. M. A S.
525,000
6
J.16tJ16
7,605,000
5 g- J. A J.
5,000,000
4 I. M. A N.
J. A J.
7,050,000
2,000,000
I'4,376,000
5 K- J. A D.
27,000
5
J. A J.
633,314
Dividend.
York.
N. Y., Nat.' Park Bank. Apr.
N.Y.Of.,15 CortlandtSt. June
N. Y., Nat. Park Bank. Jan.
N.Y.Of.,15 CortlandtSt. Feb.
do
do
Aug.
N.Y..S.Pac.Co.: London. Apr.
N. Y., Central Trust Co. Apr.
N. Y., AUautio Tr. Co May
1,
1,
1,
1,
1,
1,
1,
1,
Phlla., 333 Walnut St. Apr. 29,
N. Y.,Cent.Tr.Co.APhU. July 1,
5&6
do
do
do
do
do
do
do
do
do
do
do
ds
do
do
do
do
do
do
do
do
io
do
do
do
do
do
ds
do
do
do
do
do
do
do
do
do
July
July
1,
1.
1910
1910
1937
1937
1940
1912
193»
1941
1892
1898
190O
190O
Jan. '96-1900
June 30, 1900
Mch. 1, 1900
1, 1931
Apr. 1, 1932
Feb. 1, 1934
Deo. 1, 1924
June 1, 1957
Jan. 15, 1894
Jan. 1, 1990
Nov. 1, 1989
Jan. 1. 1941
1893
June I, 1908
Jan. 1, 1912
May
earirngs were $295,337 operating expenses and taxes, $237,146; not,
$4--. 221; int4sre»t ou bonds, $33,000.
Presideut, Warreu U. EUlot,
;
Wil.nlugtoii, N. C.
A
INorfolk
Southern,—Owns Berkely, Vn., toEdenton, N. C, 74
miles; (ferry across Albemarle Sound to .M:vckey'3 Ferry, 9 miles;)
thence roil to Bi-lle Haven. 30 miles; total road owuef, 104 miles;
ferry, 9 miles.
Tae Nortolk ooiitheru wa'* sold in loriH'losure April 29,
18',.il,anii rc'irg.iniiod as uotv after eousolldaiion wita the Alliemarle
A Panteg" RK. Ci. Kuceiver diacUiirged Juno 1, 1891. Capital stock
Is s2,o<X).'i.'0, inar .idOi)).
The new first inoitgage pnividos tor betterments, ext.'U' ions, Ac Prom June 1 l<> Dei'. 31, 1891, seven months,
gross earnings were .i>337.2r<9. Ou .Ian. 1, 1892, reorganization wan
piuctioally completed, und earuings from that date are applicable to interest, Ac. Prom Jan. 1 to March 31, 1892, gi'oss earnings were $97,017; net, $33,677; iutciest un bonds, $7,812.
resident, Watson B.
Dickerman, 74 Broadway, N. Y.; Registrar of Securities, Atlantic Trust
Co.— (V. 49, p. 71!); V. 50, p. 771 V. 32, p. 403. 081 V. 54, p. 444.)
Norfolk
Western.— ^/Sc€ Maps.) Owns from Norfolk, Va., to
Bristol,
408 miles; brancho.s, 36 miles; Now River Division
[Radfoi-d to Powiiatau, 83 miles; Cripple Creek
Extension, 4ft
miles; other, 44 luilcsj, 173 miles; Clinch Valle.v Division. Graham to
Norton, Va., and branches, 107 miles; Kenova to Columbus, O. (formerly the Scioto Valley A New Eug. RR.) 137 miles; Maryland A Washington Division, llagerstown. Mil., to Roanoke, Va.. 238 miles, and
branches 21 miles. Tot:il operated January 1, 1892, 1,120 miles.
Under construction— Ohio Exteiisiim, to Kenova on the Ohio River and
branches, 184 miles. Total of all, 1.304 miles. Ou March 1, 1892,
began operating un Icr lease the Lynchburg A D;irhain RR., Lynchburg, Va.. to Durham, N. C. 114 miles, and the Roanoke A Southern
RR., exteiiilmg from Ko.iiioke, Va.. to Wiuston. N. C, 122 miles,
niitkiiig i,.">40 miles in sy.-tem March 1, 1892, of which 184 miles under
I
;
;
—
&
construction.
:
Ohoavizai lov. Etc.- Tlie Atlantic Mississippi A Ohio Railroad Company «:i3 a cousolidation of Norfolk & Petersburg, South Side and the
Virginia A Tenuesseo ro.ids; it was foreclosed February 10, 1881, and
Ne»v York Snsqiiehanna dc AVentern.— ^See jlfap.;—Jersey City was reiu'ganized as the Norfolk A Western.
to Gravel Place, Penu., 101 nitles; Two Bridges, N. J., to Uuionvllle,
In June, 1 8l»(), purchased the Scioto Valley A New England Railroad
N. Y., 21 miles; other branches, 12 miles; leases— Uuiouville, N. Y., to
Hiddletown, N. Y., 14 miles; PeunsyKania Raih-oad trackage in Jersey
City, 3 mites; small bniuclies, 6 miles; total, 157 miles.
The New Jersey Midland was sold in foreclosure February 21,1880,
and the Midlaud of New Jersey was orgauUed. The New York .-lusiiuehanua A Western was a con.sohdation in June, 1881, of the Midlanil of
New Jersey and other railroads. The general mortgage ."is <>r 18S)0, for
3, 000,000, were authorized for new equipment, double-cracking, i-U%,
t1,000,000 liciiig reserved to retire the same amount of seeoii mortgage bonus of 1887. See mortgage abstract, V. 52, p. 84. The inv.ferrod
stock is cumulative 6 per cent, and the tirst divldeud (1»4 per cent) was
paid iu October, 1891; in 1892, May, paid II4.
The New Jersey Mid:ind junior securities were exeliungeablc Into
stock of this company on certain terms, and have mostly bceu so
exchaiigetl.
There are also $6,000 old lli-sts »t 1911 and $93. .00
debentures of 1897 outstandlm; and on January 1, lr92, there were
$303,641 loans secured by collateral.
From January 1 to March 31, 1892 (3 months), gross earuings were
$348,542, agaiust $324,925 in 1891 net, $139,803 agaiust $128,032.
Beport for 1891 was in V. 54, p. 365.
1
;
dCOMK ACCODM.
1888.
SmM earning*
Met oantiugs
OtherUcome
1889.
1890.
1891.
S
$
S
df
1,445,900
595,910
25,828
1,402,466
351.438
33,527
1,592.083
l,65ti,522
670,946
30,401
716,155
30,05^
(formerly .Schito Valley). When the Ohio Extension is coiuideted this
roiul will atford a thi-oiigU line to Columbus, O. The Shenandoali Valley
at foreclosure sale Sept. 30, 1890, and eonsti:
tutes the .Maryland A Washington Division. The connection with tho
Louisville A Nashville was completed in June, 1891. See V. 54, p. 601.
STOCK A.M) Bo Ni>«.— Preferred stock is entitled to 6 per cent noncumulative. Di May auil .lune, 1890, $5,000,000 new preferred was Issued. (See V. 50, p. 733, 834.) Iu Dec, 1890, $2,250,000 common and
t4,.">tK>,000 preferred were issued for Shenandoah Valley securities.
e,e V. 31, p. 876.
Ill June, ISlH.stookhoMcrs subscribed to $2,500,000 new preferred
stock at i>32 .">o jMn* share in July, 20,000 shares more were sold, and
In September, 1801, a block of 40,000 shares was disposed of to a London syndicate, bee V. 52, p. 718, 832; V. 53, p. 126. 326, 370.
in April, lS:i2. the company voted to make a further issue of 100,00©
shares of preferred stock, making the total $50,000,000, of which not
more than 5ii,(XK) to Im issued during 1892, this to be offered for subscription to s'ocklioiders when the market improves. The proceeds
will be employed in the completion of the Ohio E.Ytension for equijK
ment and >;eiier il iiiiprovemeut*. See V. 54, p. 600, 845.
Dividends on prefcriod stock- In 1882, 4 percent: in 1884. 3is la
scrip; in 18M8, 1 1-2; iu >89, 3; in 1890, 3; in 1891, 3; in 1892, April, lij.
Price of ooinmou stooK— In 1883, 10<2iia; In 1884, 10»12i3; iu 1885,
8»13'«; iul88(i. 8a27^; In 1887, 1382338; in 1888, 15%a)23i4; in
1889. Il>4»22'8; in 1800, 13®24'8; in 1891, 13»18%;
1892, to
RR. was jHirehased
;
I
May
.
inelu^ivi'.
m
13a 18.
Price of iin-lened stock— In 1883, 32*49% In 1884, 17»42 ; in 1888,
14ai34«a; in 1880. •2r,,ibi).>»; iu 1887, 34iaai.35''8; In 1888, 4119358<Ib; la
1889. 47i.ja.«l^; Iu 181H), 48*66%; in 1891, 46>ad57>s; In 1892, to
May 20, inclusivf. 46^4iz>56.
Abstract 01 (,'liuch Valley mortgage (Fidelity Insurance Trust A Safe
Deposit Com^uiuy of I'hiladelpiiia, trustee) in V. 45, p. 541; the Issue,
exmuslTC of $.')OO,0<K) for ixiuipmeut, is at 19,000 per mile.
The equipment mortgage of 1888 (trustee Girard Lite Insurance Co.
of Philadelphia) is fer ijki.OOO.OOO.
The 100-year mortgage of 1889 (trustee Mercantile Trust Co.) prorldea
for the issile of $20,000,000 bonds, plus additional amounts not exceeding $25,000,000 to redeem by purchase or exchange (provided no increase in interest charges be thereby created) prior bouds on the 699
miles built and uuder construction, which prior bonds must not be ilk'
creased to exceed $22,825,000 in all. A full abstract of this mortgage
was in the Cuhosiole, V. 50, p. 208. See also V. 53, p. 126.
"The Scioto Valley A New Eugland mortgage (trustee Central Trust
Company) has been limited to $5,000,000, each bond being stamped
with a statement signed by the Secretary of the Norfolk A Western,
certifying that this company " has assumed and covenanted to pay the
principal aud interest of tills bond." See application to New York stock
Exchange, V. 50, p. 452.
The Maryland A Washington Division mortgage for $10,000,000
was issued on the Shenandoah Valley Railroad (see V. 51, p. 876),
$2,500,000 bonds being reserved to extend the line to Washington,
D. C, and $1,000,000 for other purposes. See full abstract of thlamortgage iu V. 54, p. 204.
;
Total
621,738
584,965
701,347
746,505
441,120
26,497
441,120
26,491
12,955
445,459
26,446
25,776
469,586
26,446
14,993
100,000
JHsburtenienU—
Interest on bonds
KeutaU
Miscellaneous
2,699
IHTidends
.1
Total disbursements.
470,318
480,567
151,420
104,398
Balance, surplus
—(V. 52, p. 84, 349 ; V. 54, p. 243, 365.)
New York Texas
ic
497,681
203,666
611,025
135,480
Mexican.—Owns from Rosenberg
to Vic-
91 miles. Stock, $630,040, and Southern PaoiUc Company owns
but $22,040 of it. There are also $60,500 sixes outstanding. Is
•Derated by the Southern Pacific Co., which guarantees the 4 p. 3. bonds.
From January 1 to Mar. 31 in 1892 (3 months) gross earnings were
$46,133, against $33,715 in 1891; net, $5,706, agaimst deficit of $12,978. In 1891 gross $241,679; net, $69,467; deficit under charges,
$25,097, against $73,971 In 1890. In 1890 gross, $225,629 net, $12,549. Floating debt (due 80. Pac. Co., etc.) Jan. 1, 1892, $562,949.
toria,
all
;
Norfolk tc Carolina.—Owns from Norfolk, Va., to Tarboro, N. C,
101 miles; branches, 9 miles; trackage to Rocky Mount, 17 miles.
Successor to the Chowan A Southern; name changed in 1889. Opened
April 1, 1890, and forms a part of the Atlantic Coust Line system.
Btock, $1,500,000; par, $100. In yenr euding June 30, 1891, gross
.'f
I
May,
1893.]
RALLKOAD STOCKS AlfD BONDS.
•7
9><
ITJVESTORS'
SUPPLEMENT.
[Vou LIV.
o
RAILROAD STOCKS AND BONDS.
liAY, im.'i
Subscribers
nrlll
confer a great favor by (Ivlna; Immediate notice of any error discovered In these Tables.
RAILROADS.
For explanation of vuluuin heiullngfi,
ou tlrst page of tables.
Miles
Date
Size, or
of
of
Par
&e., see notes
—
—
Consol. mortgage, gold
Consul, gen. M., g.,8.f.,dra'wnat 100,
do
do
gold,$,
do
gold,
E
O&D
0*
o
r
$or£ A&B.c
c
c
2d gen. mort., series "A" (s. f. $30,000 yearly). c'
2d gen. mortgage, series B
c
Union RR.,lst(a89'd)$117,000cnd. byBalt.City.c*
2d mortgage (as-siimed) $ or £, gold
c
North, of .\'ew ./crsci/— 3d M.,now l8t(for$700,000).c
Northern Vaci^fic — Comiuou stock
Prefcn-ed stock (8 per cent, not cumulative)
1st M. and Id. gr. Mis.sourl Div., dr'n at par.c**r
and
Gen.lstM.
let M.
5
P. d'Or. Div., drawn at par.c*Jkr
Id. gr., g., $25,000 p. m.,dr. atllOo**i
Id. gr.
$100
1881
1883
88
56
50
500
1881
1890
dee.
102
102
"83
54
60
500
500
1869
1809
1883
1,000
100
1889
"50
The collateral loan for $2,000,000 was obtained, by pledge of 100year mortgage bonds, for construction and improvement purposes. It
two years or e;irUer under favorable conmtious to the
company. Sec V. 54, p. 600.
The " equipment mortgage bonds of 1892 " for .$5,000,000 have a
sinking fund of 3 per cent per annum, payable from and after January
1, 1893, to l)e applied to the purchase ana redemption of outstanding
bonds issued under the mortgage. The Company has tlie riglit to redeem the Itonds at par aud interest at any time after Jan. 1, 1902. See
p.
1892—see
Ijonds for $2,041,000 were guaranteed In FebruV. 54, p. 601.
company aud
tliat
Earnings, Etc.—The strength of this company has been in its local
business. The mineral section traversed by the line is shown by a
special map on an adjoining page.
From January 1 to March 31 in 1892 (3 months) gross earnings were
$2,245,554, against $2,047,224 In 1891; net, $588,258, against $583,187.
The annual report
p. 596, 599.
for 1891 was published in the
(See also article p. 582.)
1889.
1890.
542
591
^
826
ffi
Total gro.s8 earnings
Oper. expen. (iucl. taxes)
1891.
1,091
a>
.
5,597,125 7,561,915
3,483,352 4,838,610
9,188,042
6,009,767
of op. ex. to eam'gs.
1,897,672
61-00
2,113.773 2,723,305
62-00
64-00
3,178,275
65-41
INCOME ACCOCNT.
1888.
1889.
$
Jt^c^ijils—
Hetlncome*
6
(I)
I'-
900,000
820,000
322,000
694,000
2,997,300
8
8
6g.
lisg.
5
9t.'>,0OO
Q.
J.
J.
J.
&
Mar. 1, 1892
Nov. 1, 1901
Overdue.
do
240 So. :kl St.
do
do
do
Phlla. Of.,
do
do
do
Pnnci
aiuekn—lMgt
Dividend.
May 25, 1892
May 1, 1896Jan.
1,
1907
Sept.
1.
190S
1940
Charleston, Ofllee.
Jan.
do
do
Sept.
do
do
Sept.
N. Y., John Paton A Co. Jan.
Bost.,Conc'd or Ijel>an'n April
D. N. Y., So.
1892
1,
1,
1,
1,
1,
1,
Pac, 23 Broad June
1899-
1899
1933
1892
1929'
A J, Bait. A Phi ,233 8.4thSt. Jan. 1.5, 1892
Q.-J.
Annapolis.
Irredeemable.
A. A O, Baltimore A Philadelp'ai Apr. 1, 1900
6g. J. A J. Baltimore, Treas. OHice. July 1, 190OA. A O,
do
do
July 1, 1900
J. A J. London and Baltimore. July 1, 1904
6g. J. A J. Baltimore, Treas. Oltlce. July 1, 190«
do
do
4>ag. A. A O.
Apr. 1, 19255
do
J. A J
do
Jan. 1, 1926
5
A J
do
do
Jan. 1, 1926
6
do
A J
do
Jan. 1, 1895
A N. N. Y.. London A Bait. May 1, 190O
f^A J. Jer. City, Hud'u Co. Bk. Apr. 1, 1917
4
6
6
7,518,150
1,500,000
1,120,000
2,599,000
1.
.
A
A
A
N. Y., Mills Building,
do
do
do
N.
S.
J.
April 15,
May
do
do
do
Jan.
1892
1919
1919
1921
1,
Sept. 1,
1,
years from January 1, 1890, was ratified in December, 1889, and then
assigned to Boston A Maine, rental lieiug 5 per cent on stock till July 1,
1897, and 6 per cent tliereafter, payalde in gold. In addition to the 5
per cent dividends provided for by the lease, an extra 1 per cent per
annum lias been paid regularly from the contingent fund, which on
May 1, 1891, amounted to $369,053. (See V. 53, p. 95.
Northern Calirornla.—Owns from
Knight's Landing to Orovllle
54 miles; completed in December, 1890. Leased to southern P»
Company, which owns $1,277,500 of the $1,280,000 stock. In
1891 gross earnings were $95,824; net, $8,333, against $20,362; deflollr
under charges, $46,628.
Northern Central.—Owns from Baltimore, Md., to Sunhury, Ps.^
137 miles; branch— HoUins to Green Spring Junction ,9 miles; leases—
Sli.amokin Valley A Pottsvillo Railroivd, 30 miles; Elmiia A Williamsport Railroad, 76iniles; operates at cost— Elmira A Lakes Ontario Rail
road, 100 miles; Summit Branch Railroiul, 20 mile; Pennsylvania
Railroad, 3 miles; total operated. 382 miles. In addition uses New
York Lake Erie A Western tracks, 7 miles, and Pliil.-wlelphia A Erie
tracks Ijctwcen Sunbury and Lewisport, 40 miles, and owns Union Railroad, 9 miles, and $622,850 stock of the Baltimore A Potomac RR. Co.
Cal.,
2,045,110
—
$
2,257,921
9t
2,957,225
1,626,551
418,559
2,152,874
105,047
3,338,630
2,637,615
319,610
Company
tdf.3,710
* Includes inoome from Investments, Ac.
t Add .$135,000 received
uider agi-eeraent with Shen. Val. RR., making a surplus for the year
of $131,290.
278, 280. 351, 621, 640. 718. 832, 899. 902; V. 53, p. 126,
326, 370, 604, 922 V. 54, p. 159, 203, 204, 288, 404, 405, o%t, 596,
p.
giiar^-
54, p. 327.)
Dividends since 1880 have been— In 1881, 5ia; In 1882, 6; from 1883
to 1886 iuclu-sive, 8; in 1887, 8 and 10 stock; in 1888, 7; in 1889. 8:
in 1890, 8 p. c; in 1891, 7 p. 0.; In 1892, Jan., 4 p. c.
From Jan. 1 to Marcli 31, 1892 (3 months), gross earnings were
$1,670,035, against $1,506,447 in 1891; net, $462,166. against
3,334,920
1,296,551
1,451,265 1,814,008
2,266.130
Dividend on pref. stock(li2)330,000(3%)660,000 (3)735,000(3)1,072,500
Miscellaneous
41,609
88.607
Total dlsbursem'ts.
Balance, surplus
stock.
autoed certain Allegheny Valley securities (see that compauy", and la
the reorganization in 1892 received some of its stock and bonds.— (V.
$408,419.
Fiscal year ends Deo. 31; report for 1891 was in V. 54, p. 327.
1891.
1890.
£
IHstnirsements
Interest on bonds, Ac..
—(V. 52,
1,2(K),000
do
The Pennsylvania Railroad owns $3,488,950 of
O!
4,899,599
3,001,927
Net earnings
0.
Chkonicle, V. 52,
1888.
ATerage miles operated.
P.
7
Burlington, N. C.
Ban Francisco,
8.
It
A N.
A J.
Q.-F.
M. A N.
J. A J.
M. A S.
J. A J.
M. A 8.
M. A 8.
J. A J.
/<*jFi</j*—
pal.Wlien Due.
by
oitlc
601.
Roanoke A Southern
ary,
4,">00,(HX)
H.
M.
J.
138
138 1885 500 "Ac.
138 1868
1,000
138 1868
1,000
20.'),000
138 1874-5 1,000
1,937,000
138 1876-7 1,000
2,000,000
138 1885
1,000
1,320,000
138 1876
1,000
2,048,000
138 1876
1,000
1,000,000
9 '67-'70 500 &c.
900,000
9 1873
1,000
60O,0(K)
21 1887
lOO&c.
025,000
100 49,000,000
100 36,599,405 See rem.
205 1879 100 Ac.
6
M.
225 1879 100 Ac. ] 3,002,000
6
M.
:,146
1881 l,000&c 44,145,000
6g. J.
Is payalile in
V. 54,
$4,000,000 6 per an.
1,090,000
6g.
150,000
' «
4,742,950 =
8 per an.
1,500.000
7
1,000
•
mortgage
Ist niditK'iiKc, State of Maryland loan
2d nuiitKiigc
Cousoli(Iiited mortgage, gold
do
223
70
INTEREST OR DIVIDENDS.
When Where Payable, and
Payable
Whom.
Amount
Outstanding Rate pel
Cent.
Road. Bonds Value.
North Carolina— etovk, 6 p. o. till 1901, Rich. <fe D
Norlh racijic Conof— Istand'JdM. (Ist M. aink. fd.)
1st niort Nortli Paclfle Coast Kxteiisloii Co.,jrold
ilTo. Penn.— Stock, 8 p. c. g«ar.990 yr8.,Plill. & Read.
2d luort^a^o
General iiiortKaKe liouds
c*r
Bouils Bccmed by $1,'2(K),000 stock
r
So. <« *o. «/ /«.— 1st Bl.for S(iOO,000 ($lO,OOOp.m.)g.
Noriheaslertt fS. t'.>— Stock
Ist uiort^aKo, provided for by consol. mortgage.
2d mortgage, provided for by consol. mortgagee
Consol. mortgage, gold (for ii!l,8;!U,000)
o
northern, (N. ff.;—Stock, 5 p.c.rentaltiU Jnly,1897
Iforltiern California Ist
Nort/iirii crnlral Stock
99
^
INCOME ACCOUNT.
1889.
1890.
6,203,394
2,109,821
251,125
6,069,956
1,944,356
307,628
6,608,797
1,687,038
522,951
6,820,56?
1,903,346
377,181
2,417,449
2,447,728
2,209,989
2,280,527
A
1888.
Receipts—
Gross earnings
Net earnings
$
Other receipts
,..
Total income
Disbursements
Rentals, Ac
Interest on debt
Dividends
Miscellaneous
—
1891,
$
$
$
ffi
470,706
926,505
(8) 571,966
79,495
464,870
931,481
(8) 571,975
293,828
;
(7)
A
475,572
924,039
526,260
226,654
(7)
440,461
914,001
526,263
229,558
599,845.)
Tofl disbursements. 2,048,672 2,262,155 2,152,526 2,110,283
Goldsboro to Charlotte, N. C, 223
Balance, surplus....
368,776
185,573
57,462
170,244
Loased .September 11, 1871, to the Richmond A Danville for 30
—
(V. 50, p. 311, 519; V. 52, p. 462; V. 54, p. 327, 844.)
years at $200,000 per year. Dividends of 6 per cent are paid on the
stock, of ^- hich the State of North Carolina holds $3,000,000, aud tlie
Northern
dividends tuus received by the State are applied to her bonds issued to N. J., 21 milesof Neiv Jersey.— Owns from Bergen, N. J., to SparUll,
leases Sparkill to Nyack, 5 miles; total operated, 26
the North Caioima Railroad.
miles. By contract of April, 1869, ft is operated by New York Lake
North Hudson Couuty.-^EE "Miscellaneous Comi-anies."
Erie A Western at 35 per cent of its gross earnings and live Hfty-sixthg
It is understood the contract is terminable by either
North Pacific Coast (Narrow Gange).—Owns San Francisco to of the balance.
on notice. The stock is $1,000,000 par, $100. In 1890-91
Dui cans, Cal., 7914 miles; branch to San Rafael, 2 miles; leases to San party
receipts from lessee were $123,847 net over expenses, $82,672 interQuentm, Cazaden, etc., 13 miles total operated, 94 miles. April, 1892, est aud rentals,
$45,165; dividends (4 per cent), $40,000; balance
repored sold to an Eastern capitalist. Stock. $2,500,000 par, $100. dcHcit, $2,493. (V.
53, p. 603.)
In 1890 gross, $393,822 net, $70,308, against $87,089 In 1889 interNorthern PaclBc- CSee Jfop.;— Line of Road— Main line— Ashest, etc., $70,585 deficit, $277.
land, Wis.,
Portland and Wallula Junction, Ore, 2,137 miles; Duluth
Nortli Pennsylvania.— Owns from Philadelphia, Pa., to Beth- to NortherntoPacific
Junction Cij interest), 24 miles; Northern Pacitic A
lehem, Pa., 56 miles; branches to Delaware River, Ac, 30 miles. The Manitoba
(connecting with Canadian Pacltlc at Winnipeg and Brandon),
Northeast Pennsylvania aud tlie Stony Creek roa<ls are operated under 264 miles various
other lines and brandies, 875 miles. Total owned,
contract. Leased for 990 years to Philadelphia A Reading at 8 per cent
3,301 miles. Leases— St. Paul A Northern PaeiHc, Braiuenl to St. Paul,
on stock.
and branches, 176 miles trackage—St. Paul MiiiueaiMilis A Manitoba.
Nortli dc South of Illinois,—Owns from Spriugflcld to Litch- St. Paul to Minneapolis, 12 miles; Minneapolis Union tenniuals, 3
fleld. 111., 43 miles, and from Litchlleld to Mount Olive,
7 miles. miles Seattle A Northern RR., 24 miles otlier lines, 3 miles total, 42
The St. Louis A Chicago defaulted on January, 1889, couiion. miles. The Northern Pacitle also operates the following roads and
and foreclo.sure sale of main line was made October 4, 1889, and of guarantees a certain rental, sufflcient to pay interest and sinking funds:
the branch February 5, 1S90. Litigation is pending and the receiver
Fi-om
To
Miles.
has not been discharged. In .September, 1890, road was leased to James River Valley
Jamestown, Dak...Oakes, Dak
64
the Chicago Peoria A St. LoiUs at $40,000 per annum,- lease to last dur- Duluth A Manitoba
Winnipeg Jc, Minn. Grand Forks, Dak.109
ing the receivership. See V. 51. p. 830. Stock— Common, $1,500,000:
"
Dak. Div.. Grand Forks, Dak.. IiiflB'ndary.Dak. 97
"
"
$1,300,000, entitletl to 5 per cent uon-cuuiulativo dividends Spokane A Palouse
Marshall Jc, Wa.sh.(iencsee, Iiiaho...lll
Sreferred,
earned. Gerald L. Uoyt, President. (V. 50, p. 72. 207. 245. 314. Helena A Red Mountain
Rimini, Mont
Helena, Mont
17
*^
377; V. 51, p. 425, 494, *«0; V. 5-2, p. 239.)
Northern Pac. A Montana
Numerous Mnes
318
Central
Washington
Wash
Cheney,
Grand
Coulee
109
Northeastern (S. CM^wns from Charleston, S. C, to Florence,
Gland total June :iO, 1891, 4,349 miles.
8. C, 102 miles; leases Jalntly, Lane, S. C, to Sumter, 8. C, 38 miles;
ALSO operates the lines of the Wisconsin Central Company (which see),
total operated, 140 miles/ Of consolidnU-d mipi-tgage $1,142,000 was
held to retire debts of pdor lien. Stock, $900,O()O; par, $50. From 8i>7 miles. In July, 1890, leased the Seattle Lake Shore A Eastern, 227
miles,
affording a connection with the Cana<lian Pacitic, and on May 1,
January 1 to March 31, 1*2 (3 montlis), gross eainiiits were .$-209,851,
against $218,492 in 1891; net, $s8,.-)09, against $128,991. In year 1892, merged it into its Paeillc Division.
Okganizatiox.—
This company was chartered by act of Congress July
ending June 30, 1891, gr^s earnings were $734,642 net, .$274,048
net including other incoim, $335,171 interest i)aid, $133,(X)0 divid- 2, 18(vl. The road opened, 450 miles, to Bismarck, wa» foreclosed Aug.
12,
1875,
and
reorganized
September 29, 1875. The Chicago A Northerr
ends (6 per cent), .$54,004 (V. 53, p. 9il.)
PaclHc, with its large terminals at Chicago, is subleased from the WisNorthern (New Haiipshlrc).— Owns from Concord, N. H., to consin
Central
Interest on its liouds guaranteed. (See tliat comand
West Lebanon, N. H., 70 miles branch, Franklin, N. H., to Bristol, pany.) The Baltimore A Ohio Railroad made a contract to use
ter«. H., 13 miles total, 83 miles. A lease to Boston A Lowell for 99 minals from December
1, 1891, paying an annual rental therefor.
North Carolina.—Owns from
miles.
;
;
;
;
;
;
;
;
;
;
;
;
'
'
>
>
;
;
;
;
>
;
;
;
;
lOO
INVESTORS'
SUPPLEMENT.
fVOL.
nv.
—
;
Mat,
RATLliOAD
1802.]
STOCKS AND BONDS.
101
Snbacribers ivUI confer a K^eat favor by cItIiik Immediate notice of any error dlseoTered In these Table*.
KAILROAD8.
For explanatton of column headingB,
on first page of tables.
Ac., see notes
Miles
of
Size, or
of
Par
.
,
Pref stock, 8 P. o. rental
Korufich a Worrrsin
Ist M., principal and Int. guar, by N. Y. & N. E.c"
OgdimlnirgitLake Champ.—Consol. M.(now 1st M.)
Income bonds, not cumulative
r
Guaranteed debenture bonds
Ogrdensb TransitCo. 1st M. (Cent.Vt.A Ogden8.,gn.)
Saratoga & St. Ijiw. 1st M., for $200,000, guar..r
Ohio <t Misnsgippi—Stock ($4,030,000 is pref)
1st consoUdated mort ($3,445,000 are Biuk.fd.)o'
.
66
66
118
1883
1887
1890
1888
1,000*0 19,428,000
l,000&o 1 1 ,324,000
l,OOOAo 45,320,000
500 Ac.
«1»„500
3,000,000
1886
1,000
963,000
1886
500
300,000
1888
1,000
878,000
1886
1,000
1886
1,000
1887
1,000
1887
1.000
1888 I.OOOAo
1H88 1.000 Ac
1886
1,000
1883
1,000
1,000
1877
1888
1,000
100
1877
1,000
1880 500 Ac.
1880 100 Ac.
1888
....
10
628
393
1889
100
1868
1,000
Stocks and Bosds.—The preferred stock has a prefnroncse for 8 per
cent in each year If earned, but is not cumulative. The ooramon stock
then takes 8 per cent, and after that bulb sliHre alike. The prufonwl
stock's claim on net inconio is subject to expcm'inuvs fur new equipment. Preferred stock Is received in payment for company's liurls c-.i^t
of Missouri River at i>ar, anil tlio procccils of tin) lauil sold go to its riv
tirement. The preferred stock Uas thus lieen n-anccfi fnua $.ii,0<i0.000
to the present tlgure. The liack sun^lus Mue tue profeiTca stock i.y wav
of dividends (i. <•., for dividends eai-iiwl but uot distrlbutiMl, ««ivirned
dividends not being cumulative) aiiioiinted .in June 30, 1891, !•> $2.844,429, invested In cons.>lidat<^d liond.-* of the par value of
$3,347,000. Pec V. ,54, p. 159.
In May. 1S92, tlie company suspeuded quarterly cash dividends on
the preferred stock, passing' the diviilond due in July. After paymoot
of twe dividemls the not surj^Ins iniome due the prefenvd stock from
the earnings of tiio nine mouths enditi:^ Maroli 31, 1892, was only
$258,128, against $366,000 required for the July dividend. The question of making distrioutious fi-om the $3,347,000 consols, held for the
preferred slock will be considered by the prefeiTed stockholders in
October, 1892. See V. 54, p. 821, 845.
Dividends on preferred stock— In 1883, lH,n; from 1884 to 1889
incliusive. nil; in 1890 and 1891, each 4; in 1892, Jan., 1; A.ptil, 1; July,
none—see above.
Price of common stock— In 1884, 14®27; in 1885, 15®31i4: in 1886.
22313138; In 1887, 20a3458; in 1888, 19'8»'.29%: in 1889.25*36%; in
1890, 16Slia39i!i; in 1891, 20ie®307aj in 1892, to May 20, luolusive,
18ia'a>26>fl.
Price of preferred stock— In 1884, 37i4«5758; in imn.SCH^Ko^;
in 1886, 53T2®66>3 ; in 1887, 4138®63i3: iu 1888. 42;<iS"J-l : in 188!).
58>s®78'8: In 1890, 55'2>86; iu 1891, 58'a»7838; lu 1891;, to May 20
Inclusive, 52''8«72ie.
The Northern Pacific A Montana and the Co-ur d'.ilene Railway A
Na\'igation Co. bonds are issued at $25,000 a mile; tlie James Uivcr
Valley and tlie Duluth A Manitolia nt$15,0(>0 auiile; the tipokaiit .v
Palouse at $1 6,(XK> a mile ; the Uelcua A Red Mouulaiii, a round .sum
all the rest at $20,000 a mile.
All the l.ssues of leased line bonds given in the tabic, except the Creur
d'Alene 1st 6s of 1886, the Northern Pacific A Montana bonds and the
Seattle L-ake Shore A Eastern 6s in.iy be dr.twn and redeemed at 105
(certain amounts per year), the sinking fund in most eases commencing
ten years after the dat<* of issue of tlie respective bonds.
This company guarantees tlie bonds of the Seattle Lake Shore & Eastby endorseiiient; see th it company.
The consolidated mortgage for $160,000,000 was issued according to
plan in CiiKiisici.K, V. 49. p. 373. ft covers, subject to prior liens, the
main line and liranciies, a oiuvlialf uudl\ided interest iu 24 miles more,
and all the land grant except tiiat east of the Missouri River, wlilch
In addition to this the lionds at presis subject to tlie preferre<l stock.
ent outstanding are a first lien ou 1 .276 miles of branciies whicli have
These
bimds are also issued in place of
on
them.
prior
mortgage
no
prior bonds on the main line and divisions retired by sinking funds. (See
mil abstraet of mortgage— tru«t«e. Farmers' Loan A Trust Co.— iu V.
60, p. 279.)
«m
"B»tuU—PTiacipal.Wben Da«b
Moc/M— Last
DiWdend.
INTEREST OR DrVIDENDS.
Amount
per When Where Payable, and by
Outstanding Rate
Cent.
Payable
A^om.
Road. Bonds Value.
northern Paei/le—f Ooneluded.)—
Gen. 2d mort., gold, land erant, dr'n at IIQ. .o*4r 2,146
Gen. 3d mort., gold, .sinking fund, not drawn.o**r 2,146
o*&r 3,163
Consol mortKaKO for $160,000,000, (told
Dividend certificates, ext'd In '88, red. after 1892
Trust egiiipinciit
o'
64
James Klv. Val. RR. IstM., gold, guar., s. f
39
Coeurd'Alone 1st mortgage, gold
o"
49
Gen. M., 1^25,000 p.m., gold, guar., sink. fund. c'
o*
110
Spokane & Palouse let M., gold, guar., s. f
110
o*
Dolutli * Manitoba 1st M., gold, guar., s. f
96
Dakota extension 1st mortgage, gold, guar., s.f.
17
Helena & Red Mountain Ist M., g., guar., s. f. .o*
No. Pac. A Montana Ist M., g.,gu.8.f.notdr'n.c*&r 225
88
Cent. Wash. RR. 1st M., gold, guar., sink. fd..o**r
o*
218
Seattle Liike 8. A East. 1st M., gold, guar
J[or(Aem /'(«. ro-. Co.— 1 St M. ,g. dr'n aft. '92 at 1 lOo*
ii'o
Jtorthem Kailieay rc'a/.;— Ist M., Int. giiar., gold..
CJonsol.M. ($21,000,000),gold,l8tM.on 197m.c**r 386
—
Date
1,766,000
1,6.50,000
1,451,000
400,000
5,381,000
1,750,000
5,450,000
3,600,000
5,156,000
4.751,000
2,620,300
400,000
3,500,000
9i»9,750
350,000
759,500
100,000
24,092,629
6,501,000
A O. N. T., HUls' Building. Dec. 1, 108»
A D.
do
do
Dec. 1, 1937
Deo. 1, 1989
A D.
do
do
Jan. 1, 1907
A 3.
do
do
do
Yearly to 189»
7
Q.-J.
do
Jan. 1, 1936
J. A J.
do
do
Sept. 1, 19ie
M. A S.
do
do
2 k- A. A O.
do
do
Oct. 1, 19S»
May 1, 1938
M. A N.
do
do
July 1, 193S
J. A J.
do
do
June 1, 1937
do
do
8- J. 4 D.
f
Mob. 1, 1937
M. A 8
do
do
M. A
Sept 1, 1938
do
do
Sept. 1, 1938
do
do
6g. M. A
!T. Y.. Union Trust C!o.
Aug. 1. 19S1
A
S. Y., Wln»low,L.4Co. Jan. 1, 1938
A
N.Y., So.Pao.Co.,23 Br-d Janu 1, 1907
A
Oct 1, 1938
do
do
5 g.
A
Boston, Second Nat. Bk. Jan. 5, 189S
8 per an.
A
Boston, N. E. Trust Co. Mob. 1, 1«!»7
6
it. A
A. A
N. Y.Mer.Ex.Bk. A Boat Apr. 1, 1920
6
Apr. 1, 1920
A. A O.
6
Apr. 1, 1920
*
J. A 3.
St Albans, Vt
Boston Security Co.
Aug. 1, 1909
6
F. A A.
June 1, 191»
6
J. A D.
Ogdensburg, N. Y.
J. A 3. N. T., Union Trost Co. Jut 1, 189t
A.
J.
J.
J.
EARNINOt AND EXPENSES.
Mllea50,.Tiino30....
Earitiiiga
—
1887-88.
3,337
$
Passenger
Fieight
MaiI.express.Ao....
1888-89.
3,465
$
1889-90.
3,778
$
1890-91.
4,348
$
4.577,898
10.426,244
842,186
12,a77,838
1,005,467
6,167,702
15,600,320
842,481
6,680,493
17,531,22^
939,83»
15,846,328
9,266,884
19,707,468
12,185,944
22,610,503
13,463,746
25,151..544
Operating u.^penses.
Net earnings
Pur ct exp. to eam's
6,579,444
58'48
7,521..524
9,146,757
59-54
9,750..548
Total
.5,824,163
61-83
15,400,998
61-23
INCOME ACCOUNT.
1887-88.
jffPf Vntit
!ft
Net earnings
Fi-om iuvestm'ts, Ac.
Total
—
1888-89.
iS
6,575,444
548,537
7,521,.524
1889-98.
!8
1890-91.
9t
9,7!>0,.548
532,325
9,146,757
1,341,172
7,127,981
8,053,849
10,487,9-29
11,343,683
4,703,955
4,917,833
5,115.752
6,247,rt74
782,3.59
l,159,-»63
1,424,0-J»
881,072
224,095
1,060,738
1,362.114
1,014,693
343,309
1,333.008
301,918
144,630
387,365
1,472,466
91,228
1,112.732
108,708
1,593,135
DiMbuntemetit'i
Interest on bonds...
Rentals
Gmirantees
SinMig funds
Del. 01 Wis. Central
Diviilends (3 p.
0.)
Miscellaneous
17,813
73.r>00
348,178
Total
9,540,770 10,9O5.39.'i
7,572,371
6,609,294
B.alanee, surplus....
438,288
481,478
947,159
518,687
—(V. 52, p. 80, 219, 280, 321, 391, 571, 643, 698, 795 V. 53, p. 288,
368, .520. 546, 567, 570, 605,969; V. 54, p. 7G, 159, 266, 328, 405,
441,821.)
;
Vortliern Paolflc Terminal Company.—Owns terminal fncllion the Will.-inlette River, Oregon, at Portland, East Portland au4
270 acres, trackage '24 miles, buildings 39,
dock frontage 7,904 feet The.y are leased for fifty years from January
1, 1883, jointly and severally to the Northern Pacilie Railroad, the Oregon Railway A Navigation (Company and the Oregon A California Railroad, with a guaranteed rental sumcieut to pay interest, sinking fund
and taxes. The sinking fund begins in 1893, and Is to be sufHeient to
retire tlie bonds by maturity, bonds being drawn at 110 and interest
The stock of $3,000,000 is owned by said three companies (40 jier cent
by Oregon Railway A Na\igutlon Company, 40 per cent by ?^ortherm
Pacific and 20 per cent by Oregon A California Railroad), and held by
Central Trust Company of New York, to be delivered after payments t*
the sinking fimd, which is to cancel the bonds
ties
Alliiua, compri.sini.' lands
Northern KallYvay Co. (California).—This was a consolidation In May, 1888. Owns 390 miles of railroad, leased for 99 years from
July 1, 1888, to the Soutbeni Pacific Company, the lessee paying fixed
States and 25,600 acres inr mile iu territories, aud the Ian '.< earned by charges and betterments and 6 per cent ou the stock. If earned, aud roeonstructiou to June 30, 1891, were estimated to beat ii,f -16,824,960 taining any surplus. The statement dated Feb. 28, 1890, to the N. Y.
acres, of which alioiil 3i),075,.535 remaiiUMt unsold. The Inntls east of Stock Exchange was in V. 50, p. 393.
The capital stock authorized is .$2 1 .000.000; issued $12,896,000, all bn»
Bismarck (Minn, and Dak. Divs.) are plwlgod to the preferred stock,
199.300 being owned liy Soutlieni Pacific Co. The consolidated 5S of
and Umt stock is re<'eivcd in pavmeut therefor.
? 888,
issued under mortgage for $21 ,0<)0.(K)0, are a first Uen on 197
for
sales
were
36<!.152
acres
year
18i)l>-91
land
For the fiscal
total
81,450.457. Total sales, including town loti, Ac, were $1,543,609; miles, and have a sinking fund after 1897, but bonds cannot be called.
1891
In
gross earnings were $2,914,444; net, $1,375,171; against
July
to
For
months,
1,
1891,
9
total cash receipts for year, $l,389,.'>17.
Mar. 31, 189'.', sales wire 394,311 acres: total sales including lots, $1,079,671 in 1890: siinilus ovei charges, $837,266; dividends, 6 per
cent,
$773,760;
balance to 80. Pacific, $63,r>05.
paid.
from
sales,
notes
Ac.
$2,136,872; Uital cash receiptn, $2,285,268
Total deferre<l payments (notes) against land sales on April 1,
Norvrlcta
Worceater.—Owns from Norwloh, Conn., to WoTee»
ic
was
appllcahle
to
the
r<tlre
1892,wa8$5,8.57,855,of which .$G2!1,0H0
ment of preferred stock, $2,282,487 to Missouri Division and to Pend ter, Mass., 59 miles; branch, Norwich to Allyn's Point, 7 miles ; total,
Leased
to New York A New Englanil RR. for 100 years bona
66
miles.
lionds.
l.st
mort.
d'Orellle Division bonds and $2,946,306 to tlie general
The earnings of the whole system, including the Wisconsin Central, February 1, 1869; rental Is 8 l>er cent on preferred stock. ConuuoB
for the nine mouths ending Marcli 31, 1892, are shown in the follow- stock Is $6,600. Notes payable Sept., 1891, $290,000. In 1886-87,
ing table.
An editorial on the operations of the half-year ending gross receipts, $781,979 net, $293,108 payments for rentals, $40,220|
Interest, $27,165 surplus over 8 per cent dividends, $17,900.
DecemlieT HI, 1891, was in V. 54, p. 266. See also p. 821
July 1 to March 31.
-March. OedenMbnrjc
l.a.U.e Champlaln.—Owns from Rouse's PoinW
Lands.-The land grant
of the
company was 12,800
aoros per mile in
;
;
;
1891.
—1891-92.
1890-91.
2,184,522
1,349,338
23,269,780
13,720,498
23,471,544
13,772,787
A
.
1892.
No.P.AW.Cent-
$
Gross earnings.... 2,369,164
Operat'g eip6nse8.1,396,751
Net earnings.-..
972,413
MisceU'ous income
141^47
835,184
279,239
9,549,282
1,374,890
9,698,756
846,248
Total net Inoomel, 114,260
Fixed charges
1,117,993
1,114,423
1,031,867
10,924,172
9,934,182
10,545,004
9,089,084
sur.989,991 8ur.l,455,920
Surplus or def...def.3,733
Bur.82,556
Report for 1890-91 was in V. 53,
Fiscal year ends June 30.
The Wisconsin Central does not figure in tlie gross and
net earnings tiolow, but Oie net loss from operating it« lines in 1890-91,
after payment of the rental, appears among the disbursements for the
N. Y.. to Ogdensliurg, N. Y., 118 miles; leases for 99 years Saratoga*
St. Lawrence RR.. 9 miles. On June 1, 1886, a jierpetual lease of thla
road was made to the Central Vermont P-R. Co., the lessee to pay interest on the bonds. The Ogdensburg Transit Ijonds are gniaranteed by
this company and the Central Vermont. Stock $3,077,000 (par, $100)
of which $1,612,500 is ownc<l by Central Vermont
In year ending June 30, 1891, gross earnings were $800,180; neb
$213,681 deficit after Intenwt, rental and taxes, $42,829. In 1889-90
gross earnings, $771,9.54; net, $228,105 ; deficit after charges, $8,133.
-(V. 52, p. 322, 762; V. 53, p. 256, 668, 714; V. 54, p. 410.)
;
p. 567, 5'fo.
Oblo A IflUaUslppi.—Owns from Cincinnati. O.. to East-^t. Lonla,
339 miles; l>iuisville liranch, North Vernon to Jefferson vllle, Ind.,
53 miles; the Springfield Division. BcartkUiwn to Shawneetown, IIL,
228 miles; New Albany A Eastexn.Watson to New Albany, Ind., 7 milew
Bedford Uraneh, 8 miles; total, 636 miles. Organized November 21,
year.
1867, after foreclosure sale.
ni..
.
Subscribers
ivill
For explanation of column headingn,
on llrst page of tables.
rf
[Vol. LIV-
confer a great faTor hj giving Immediate notice of any error discovered In these Tables.
RAILKOADS.
Okio
SUPPLEMENT.
INVESTORS'
103
Miles
of
Date
393
393
222
1868
1871
1874
1883
Bo>i</»— Princi-
Amount
Par
of
Uistitnppi^C CmMmted.)—
1st consolidated uiort., sterling, s. f. not dr'n. . .c*
o"
(sink, fund), no drawing
Spring. Div. (Sp. & 111. S. E.) Ist M.(.'Ji3,000,000)c*
c*
Ist general nKMtgage (for .f 16,000,000)
o*
EdUip. rr.,3 series, 10 per ct. drn. yearly at 100.
J Cin. & Bedford l«t murtf;a},'e, gold
/direr— Ist mortgage, $12,000 per mile, gold.o*
on 39 miles, .c*
i.. Gen. M. (for $3,000,000), Kold,lst
Ravenswood Si)enuer & Glen.lstM., gold,guar.o*
0*
OMo Soulhern—lut mort. ($15,000 p. m.) gold
c*
General mortgage, (for $2,800,000) gold.
Ohio roHei/,A>.— ist mortgage
0*
gold,
guar
mortgage,
consolidated
General
ad cousol. mort.
....
;
'87-'91
;
1889
1886
1887
1890
1881
1889
1886
1888
6
,
I
169
208
33
132
VMo
out Voluny—atocii autliorized, $15,000,000
INTEREST OR DIVIDEND8.
or
8l7,e,
Outstanding Rate per When Where Payable, and
Road. Bonds Value.
Cent.
Payable
Whom.
&c., see notes
108
108
£200
$112,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
3,241,000
2,009,000
4,006,000
494,000
135,000
2,000,000
2,564,000
300,000
2,100,000
2,482,000
100,000
2,102,000
12,567,100
1,692,000
3,600,000
200,000
498,000
3,650,000
400,000
1,912,000
2,717,000
51,000
271,700
700,000
1,000
100
c*
1874
cAr
Bonds (not mortgage)
($3,000,000 F.&A.,Aug.'97)CJir
do
•Bonds
r
do
>Sond8
o
Bonds for Framingham & Lowell bonds
'84,
due
JiUy,
($750,000
1904)
.r
Bonds not mort.
c
New Bedford KR. 1st mortgage
c
Boston Cliu. F. & N. B. mortgage bonds
c*
Omaha a SI. io»is— Ist mortgage, gold
mile)
gold
c*
2d mortgage (,$4,000 per
Funded mterest certiBcates, redeemable at 100.
Oranj/ei<eK— 1st M.,$5,OOOp.n).,^'<iId,sub.toealI.c*&r
(h'aHge-KeysnUle—lfit mort., $1.'>,000 per m. gold.
Oregon <f C'oJ.— l8tM.,g.($30,000p.m.)dr'natl00.c*
Oregon Pariflc—lat M., 1. g., s. f.,g.,$25,0OO p.m.o*&r
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
•75-6-7
1882
1884
....
'84-'88
1874
1880
1887
1890
1891
1887
1889
1887
1880
58
125
145
145
153
567
136
1,000
1,000
1,000
1,000
6g.
J.
7
7
A.
5
6
5
5g.
5
g.
6g.
6g.
5
g.
1%
7
(>
44
44
4
7
5
4
g.
5g.
5
5
6
5
(1)
17,045,000
15,000,000
London.
Union Trust Co.
do
do
J.
do
do
Various N.Y.BariugMagoun&Co
M. & N.
do
do
M.
g.
g.
g.
6«.
a
pal, When
by-
&
&
&
J.
o.
N.
D.
N
Y.,
Due.
Stm it«— Last
Dividend.
Jan. 1, 1898
Apr. 1, 1911
Nov. 1, 1906
June 1, 1933
10 p. c. yearly.
Nov. 1, 1919
J. & D. N. Y.,Guar. <fe Indem.Co. June 1, 1936
A. & O.
do
do
Apr. 1, 1937
F. & A.
do
Aug. 1, 1920
do
J. & D. N. Y., Corbln Bank'g Co. June 1, 1921
M. & N.
do
do
May 1. 1921
N.Y., Central Trust Co.
1926
J."& J.
do
do
July 1, 1938
Q.-F.
Boston, Office.
June 1, 1892
M. & 8.
do
Moh. 1, 1894
1895-'96-'97
Various
do
J. & D.
do
Doc. 1, 1897
A. & O.
do
Apr. 1, 1904
J. & J.
do
1904 & 1938
J. & J.
do
July 1, 1894
J. & J. Boston, N. E. Trust Co. Jan. 1, 1910
J. & J. Int. funded till Jan.,'93 Jan. 1, 1937
J. & D.
New York.
May 1, 1940
J. & J.
do
Jan. 1, 1937
J. & J.
Jan. 1, 1907
M. & N.
Nov. 1, 1919
J. & J. N. Y., South. Faciflc Co. July 1, 1927
A. & O. Apr., '90, coup, last pd. Oct. 1, 1900
The preferred stockholder is entitled to receive from the net earn' stockholders in November, 1889, to pav for new connections, etc. Bills
Ings 7 per cent per annum, "and to have such interest paid in full for payable July 1, 1891, $1,502,561. A terminal company in wlilch the
each and every year before any payment of dividend upon the com- Old Colony has a one-half interest will issue bonds for about $3,000,mon stock ;" and then, after 7 per cent dividend upon the common 000. See under N. Y. Providence & Boston. In May, 1892, the Fall
River Warren & Providence RR. (6 m.) was purchased. SeeV. 54, p. 800.
stock, the excess shall be divided equally, &c.
Dividends since 1876— In 1877 and 1878, 6 percent; in 1879, nil; inIn Nov., 1890, Browu, Shipley &, Co's certificates were Issued for
much of the common and i^reterred stock, and a plan of reorganiza- 1880 and 1881, 6; in 1882, 6I3: from 1883 to July, 1891, both Intion of the finances and control by the B. & O. railroad was presented clusive, at the rate of 7 per cent yearly in December, 1891 (dividends
In October, 1891. V. 53, p. 569. There was a contest at the election changed to quarterly), 29io per cent: in 1892, March, 1%; June, 1%,
of directors in Octol)er, 1891, it lieing claimed that the election of cer- quarterly.
In the 9 months ending March 31, 1892, gross earnings were $6,443,tain gentlemen who favor the Baltimore & Ohio alliance, and for whom
three-fourths the stock was cast, was illegal. lu April, 1892, however, 486 against $6,271,570 in 1890-91; net, $1,555,340. against $1,711,608;
the Circuit Court of Saugammon Coimty, 111., decided that the transfer other income, .$483,344, against $92,575 fixed charges, $1,308,725;
of stock to the trustees who voted for these gentlemen had been proiv against $1,282,466; lialance, surplus, $731,959, against $521,717 in
erly made, and was valid. An appeal may be made. See V. 53, pp. 1890-91.— (V. 54, p. 762.)
Year ends June 30. Report for 1890-91 was In V. 53, p. 323. Years
570, 608 ; V. 54, p, 243, 486, 560.
In March, 1892, a committee appointed by English shareholders re- prior to 1889-90 below end September 30.
ported that needed improvements call for the outlay of $2,932,000; but
INCOME ACCOUMT.
the company's president claims $640,000 to be sulDcient. See V. 54,
1887-88.
1888-89.
1889-90.
1890-91.
p. 486, 598.
Receipts—
.$
the
general
mortgage
of
1883
Of
$12,142,000 is rcsei-ved to exchange
$
$
$
6,,322,628 7,726,312 8,020,295 8,376,452
(or old bonds as they mature. Cyrus C. Hines, of Indiana, and Union Gross earnings
Net earnings
1,684,961 1,995,036 2,059,855 1,906,177
•rrust Company, of New York, are mortgage trustees.
94,090
132,766
135,723
239,054
From July 1, 1891, to March 31, 18U2 (9 mouths), gross earnings were Other receipts
f3,318,898, agst. $3,162,103 in 1890-91; net, .$884,865. agst. $882,452.
Total Income
1,779,051 2,127,802 2,195,578 2,145,231
Fiscal year ends June 30. Report for 1890-91 in V. 53, p. 519.
Disbursements
8
INCOMB ACCOUNT.
$
$
$
Rentals paid
265,559
560,995
584,605
563,373
1887-88.
1888-89.
1889-90.
1890-91.
;
;
—
Gross earnings
Netearuings
s
ffi
o*
d*
3,977,559
1,244,142
3,955,165
1,019,804
4,214,747
1,302,274
4,108,974
1,172,412
1,042,530
61,000
29,931
1,047,671
65,000
80,377
1,054,245
69,000
96,600
1,066,892
73,000
70,162
Interest
Dividends
(7
636,368
802,763
74,361
per cent)....
Improvementacoount
672,133
830,655
64,019
658,675
844,683
107,615
696,213
872,690
12,955
I^si} uysctuciiis
Interest on debt....
Sinking fimd
Miscellaneous
;
1,133,461
sur.110,681
1,193,048
1,219,845
1,210,052
def.173,244
8ur.82,429
dcf.37,639
p. 832; V. 53, p. 126, 187. 289, 324, 519, 569, 608, 640, 754,
V. 54, p. 120, 203, 243, 276, 486, 560, 598.)
Total
Balance
—(V. 52,
836
'
OIilo Klver.— Line op Road.— Wheeling, W. Va., via Parkersljurg,
to Huntingdon, W. Va., 215 miles, of which 208 miles are owned.
The other 7 miles (Benwood to Wheeling and Guyandotte to Huntington) being operated undei" trackage agreement.
The Ravenswood Spencer & Glenville is building a line in the interest of
company from Ravenswood, W. Va,, to a connection with the West
Virginia & Fittsbiug Railway, and its Ist mortgage lioiuls for $400,000
are guaiautced principal and interest. The stock authorized is $6,000,000—outstanding $5,915,430; par, $100; car trusts, $113,061; liills
this
payable, $73,500 on Jauuary 1, 1892.
From Jan. 1 to March 31, 1892 (3 months) gross earnings were $140,887, agamst $134,557 in 1891 net, $.50,063, against $41,495.
In ISOl gross earnings, $706,!H>6 net, $'294,715; interest on bonds,
$222,838; taxes,etc.,$48,830; balance, surplus, $23,047. In 1890 gross,
$680,972; net, $315,013; interest, $221,400; taxes, etc.. $38,520; surplus, $55,093. George W. Thompson, President, Parkersburg, W. Va.
—(V. 50, p. 769; V. 51, p. 416, 680 V. 52, p. 831 ; V. 53, p. 408.)
,
;
;
;
Southern.—Own Springfield,
OIilo
O., to Wellston, 118 miles, and
branches, 22 miles. Stock authorised, $3,500,000 outstanding, $3,p.ar
General
mortgage
of
840,000—
$100.
1889 is to the Central Trust
Company, as trustee. From Jan. 1 to April 30, 1892 (4 months), gross
earnings were $219,674, against $199,690. Report for 1891 in CiikonICLK, V. 54, p. 682. In 1891 gross earnings were $590,241 ; net, $305,680; interest, $226,800; taxes, $18,673; construction, equipment, etc.,
$18,465 balance, surplus, $41,742. Gross earnings in 1890, $554,390;
net, $282,216. (V, 54, p. 643, 682.)
;
;
OIilo Vallejr.—Completed fi'oni Evansville, Ky., to Princeton on the
Chesapeake Ohio ife Southwestern, 99 miles; branches, 9 miles; total, 108
On July 1, 1892, the
Louisville &. Nashville transfers the Clarksvillc & Priucettm branch to the Ohio Valley, at a yearly reutal of $12,000, for a period of 99 years. V. 54, p. 800. In 1891 this company's
stock was purchased by the Cliesapealte Ohio & Southwestern, which
guarantees the buuds ijy endorsement. See wording of guaranty in
application to N. Y. Stock Exchange, V. 52, p. 974. It is expected that
the Ohio Valley will be pushed further south at once. Of the old fives
due in 1926 only $100,000 are outstanding. The stock Is $2,163,000;
miles.
jiar,
$100.
In year 1890-91 gross earnings were $270,404 net, $91,217 (against
$65,455 in 1889-90) fixed chiugcs, $75,155; other income, $3,614; balance, surplus, $21,676, against $33,938 in 1889-90. (V. 51, p. 607; V.
52, p. 321, 718, 974; V. 53, ji. 602, 641 V. 54, p. 800.)
Old Colony (ITIa»s.)^Owns from Boston to Provlncetown, Mass.,
120 miles; lines to Kingston, Plymouth, Somerset Junction, New Bedford, Lowell and Fitchluirg, Mass., and to Newport, R. I., 249 miles, and
numerous branches 113 miles in all ; total owned, 482 miles leases— Boston & Providence Railroad, Boston to Providence,44 miles, and branches
20 miles; other lines, 30 miles; total owued and leased, 576 miles.
In 1888 a lease of Boston &Pi'ovidcuce Road was made for 99 years.
An Increase of stock frum $lii,000,000 to $15,000,000 was authorized by
;
;
;
;
Total disbursements ... 1,779,051 2,127,802 2,195,578 2,145,231
p. 239, 718; V. 53, p. 187, 288, 323, 674; V. 54, p. 243,762,800.)
—(V. 52,
Omaha
&. St. I^oiils.—Owns road from Council Bluffs ,Ia., to Pattonsburg. Mo., 144 miles. This company was formed in 1887 as successor to the Omaha Division of the St. Louis Kansas City & Northern
(Wabash), sold in foreclosure. Preferred 6 percent stock, non-cumulative, $2,220,500; common stock, .$2,313,000 deposited in trust till June
1, 1893; par, both, $100.
Five coupons, including the coupon due January 1, 1891, were funded into 5 per cent bonds, due 1937, but redeemable at option of company, the new bonds being secured by the coupons deposited in trust. (See V. 52, p. 81, 391.) See abstract of first
mortgage, V. 45, p. 213.
From January 1 to March 31, 1892 (3 months), gross earnings (partly
estimated) were $144,168, against $100,200 in 1891.
For year endiug June 30, 1891, gross earnings were $525,487; net,
$47,795. In fiscal year 1889-90 gross were $654,828 net, $141,083—
(V. 51, p. 786; V. 52, p. 81, 391, V. 53, p. 921.)
;
—
Orange^KeysvIIle.— Was under construction from GordonsvlUe
(Junction Chesapeake & Ohio and Richmond <fc Danville) in Orange
County, Va., to Keysville, Va., on the Richmond & Danville, about 95
miles. Road is in the hands of the court and a motion for a receiver
was refused in June, 1891. It was expected that in October, 1891, a sale
of the road would lie ordered, andconstructionsoon thereafter resumed.
The suit, it is said, has been a fight for control. Trustee of mortgage is
Farmers' Loan & Trust Company of New York. Stock authorized: common $1,(X)0,000 preferred $700,000; guaranteed preferred, $300,000.
;
Oregon
&
California.— From Portland,
Ore., to California State
365 miles Albany Junction to Lebanon, 12 miles; West Side Division, Portland to Corvallis, 97 miles; Woodburn to Natron, 93 miles.
Total, 567 miles. Of the old .sixes due July 1, 1921, $82,000 are yet
out. The land grant w<as about 4,000,000 acres, part of which is covered
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. In 1892 net land sales suliject to mortgage were
42,224 acres for $242,809 cash receipts, $53,478. In September, 1891,
line,
;
;
it was reported that the company would acquire the Portland & Willamette Valley and Oregonian roads and would build extensions.
Reorg.anized in 1887 per plan in Ciironici.b, V. 44, p. 118, 370. The
road is leased to the Southern Pacific Company for 40 years from January 1, 1887, the lessee guarauteeing interest on the bonds, and the lessor
receiving any net profit and being charged with Uny deficit after pay-
ment of charges and betterments. The Pacific Improvement Company
owns the bulk of its $19,000,000 stock, $12,000,000 of which is 7 per
centpreferred. In 1891 gross earnings were .ti2, 134, 349: net, .$380,089
(against $496,830 in 1890); total net Income, including interest refixed charges, $933,460; deficit for year. $489,147,
ceived, $444,311
against deficit of $259,430 in 1890.— <V. 51, p. 910; V. 53, p. 793.)
Oregon Pacific.—Projected from Yaquina, im Yaquina Bay, Ore.,
to eastern boundary of the State, about 600 miles, of which 136 miles, to
near summit of Cascade Mountains, are completed and in operation 30
miles more are finished, aud 40 miles are ready for the rails. Over 950,000 acres of land subject to prior lien of $ (?) are covered by the mortgags. The Farmers' Loan & Trust Company of New York is trustee under the mortgage. See abstract o) same in v. 49, p. 240. Stock is $30,000 per mile. Default was made on coupons due October 1, 1890, and
Mr. T. E. Hogg, the President, waf appointed receiver. See V. 51, p.
609. Receiver's certificates for $590,000 have been auUioiized. In adm;
;
.
May,
c
;
.
RAILROAD STOCKS AND BONDS.
1893.]
Sabscribers
vrlll
For explanation of coUiinn brMulhiKi*.
on first page of tables.
<*
Miles
of
&c., see notes
Size, or
of
Par
c*
Oreiiim Slmrl Line <C V. Nor.— Or. Bliort. L. Ist M.,g.
610
Utah Hoiitlierii 1st niortgaKP, currency
Utah 8o. UM)rt.,S. Lake to Juab (fur $1,950,000).
10.5
Utab .^outli. K.xteusion., 1st M., Juab to Frisco.
138
Ctab & Northern Ist mort., f 12,000 per nillo. .c* 4G2
CouHol. M.,tnar., $1!).000 p. ni.,s. f.not dr'n.g.c*
466
E(iuipiuent Iiouils ($:!(!, ()(>() payable yearly)..
Idaho Central 1st niort. Naiuiia to Boise City ..o
"I'O
Consol. M. (1st on 201 miles) gold, red. at 105.. o* 1,421
Collateral trust, gold (redeemable at 105) giiar.c*
Oregon d- Wuahiiifiton Ter.—\»t mortgage
165
Onrego <f- Si/rrirnse— Stock, 9 p. c. guar., I), h. & W.
33
Consolidated mortgage (gimr. D. L. & W.)
Construction M., guar.prin. *int.(tor $1,000,000)
Oxcenifboro rf- Sashville 1st mortgage, gold
c*
88
Pacific Short ijiie— Nebraska West. 1st mortgage.
130
Peulucah Tenn. <« AJo.— 1st M., $20,000 per m., g.c*
.
35
—
"48
48
48
15
80
Pana otaStotik
General nmrtgage, sterling
c
Sinking fund subsidy bonds. .gold, drawnatlOO.c*
/f«(/.—Stk.,8p.c.perp.rent.N.Y.L.E.&W.
Ptcos T'o«fi/— Ist mort., gold, $12,000 per mile. .0*
Pennitytriiii ia Stock
rf
—
1879
1885
1889
1882
1,000
1,000
1,000
1,000
1871
1879
1879
1878
1,600
1,000
1,000
1,000
1,000
1,000
1,000
*200
2,i>8!).000
$1,000
2,327,000
50
I
455
455
571
1890
1,000
1867
( 1873
(1879
1881
1,000
1,006
1,000
1,000
Oregon Ralln'ay Sc Navigation.—Maik Line—East Portland,
Ore., to Huntington, Ore., 403 miles; branches 656 miles; total operated July 1, 1891, 1,059 miles, of which 13 miles narrow gauge. Ocean
line between San Francisco and Portland, 670 miles.
Leased for 99 years from January 1, 1887, to the Oregon Short Line A
Utah Northern RK., rental being 6 per cent per annum on stock and
in-
bonds.
This lease (see abstract V. 45, p. 539) is guaranteed
and the property is operated in tlio Union Paciflc
system. In 1889 the Oregon Short Line Co. purchased a majority of
the stock, and on Jan. 1, 1892, owned thereof $14,348,200, $13,000,000
being pledged to secure its collateral trust bonds.
Dividends .since 1876— In 1879, 2 per cent; In 1880, 8 and 10 scrip;
in 1881 and 1882. 8; In 1883,10; In 1884, 6I9: in 1885, 4H); Inl886,
7 ; In 1887 and 1888, 6 inl889, 7 (1 per cent being extra out of assets)
In 1890 and 1891, 6 per cent; in 1892, January. iT^ ; April, II3.
The first morgage has a sinking fund of $60,000 per year, plus
Interest on bonds canceled (making $96,880 in all In year 1888-89), to
buy bonds at or below 110, or el.se draw them at par on January 1,
bonds so paid being canceled. The Farmers' Loan A Trust Co. Is trustee
of the 1st and the consolidated mortgages.
The collateral trust issued In 1890 (trustee American Loan A Trust
Company of Boston) provides for the Issue of .$25,000,000 bonds. The
entire Issue (Init not less) may be redeemed on seven months' notice at
105 and interest. See abstract of mortgage and of the mortgages securing the bonds pledged in V. 51, p. 243.
From January 1 to Mar. 31 in 1892 (3 months), gross earnings of
railroads were $883,393, against $1,232,089 In 1891 net, $76,407,
against $348,268. In 1891 gross, $5,673,172; net bef<ue deducting
taxes, $1,8.56,783; taxes, $151,737 rental received, .$2,623,306; other
expenses met by lessee (loss on water lines $80,630, interest on Northern Pacific Terminal bonds $105,000, etc.) $208,688 loss to lessee,
$1,126,948. In 1890 gross, .$4,954,711 net, $1,018,686.— (V.50 p. 70,
706, 771, 910 : V. 51, p. 243.)
its
Pacltlc,
;
;
;
;
;
Oregon Short l.lne Sc ITtah IVortltern.—Owns road from
Granger, Wyoming, to Huntington, Oregon, 542 miles; branch ShoBhoneto Ketehum, Idaho, 70 miles; Ogden to McCammon, Idaho, 111
miles Pocatello to Silver Bow, Montana, 256 miles I,ehi Junction to
TIntic, Utah, 54 miles; Ogden, Utah, to Frisco, 275 miles; sundry
branches, 117 miles (of which 40 miles naiTow gauge); total, l,42o
miles. Also leases and controls the Ore. R. & Nav. Co., -wiilch see above.
This company was formed In 1889 by a consolid.ation of tin; Oregon
Short Line, the Utah Northern and other lines. It is controlled liy the
Union Paciflc Railway Co, which operates It under a traffic agreement,
;
and owns a majjority
;
of the stock.
Of Its outstanding bonds, the company itself owned on Jan. 1, 1892,
$2,052,000 consols, $1,988,000 of which had been pledged with the
Union Paciflc for advances, there being then due that company
$4,639,532. Tlie Union Pacific at the same date owned $12,139,.500 of
the company's bonds, so that of the total debt $14,193,500 was not
afloat, $13,456,500 of tills amount being held by trustees under the
Union Pacific trust Indenture of 1891, and its collateral trust deeds of
1879 and 1883. For the amounts of each Issue so held see U. P.
The consolidated mortgage due 1919 (trustee, American Loan A Trust
Company) Is a first lien on 201 miles and a second on 1,220 miles. Sufficient 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 extensions at .$25,000 per
mile (unless a majority of the bondhoklersohjeet) and additional amounta
for tenuinals and second traek, but not exceeding in the aggregate $35,000 per mile of double track. The Issue Is redeemable (but only 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 Paciflc guarantees interest on this issue under a traffic agreement. See abstract of moi-tgage V. 51, p. 242.
The collateral trust bonds of 1889 are secured by deposit of $13,000,000 of Oregon Railway A Navigation stock, "rhere 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 Pacific guarantees both
principal and interest of tie collateral trust bonds. Trustee is American U>aii A Trust Co. of Boston. See mortgage abstract, V. 51, p. 243.
Stock authorized $27,000,000 (par, $100) outstanding $2(i,2.U,853,
ef which the Union Paciflo on January 1. 1892, owned $14,990,703,
Jt being pledged as part security for the U. P. collateral trust notes of
1891. Floating debt January 1, 1891, $1,791,734. f ' -ctiff^if ""»
;
•
&
&
ti: M. &
7
7
7
5g.
5
6
438,000
668,000
2,000,000
2,600.000
iin
7
5
6g.
5
1,320,000
5 g.
7,000.000 See rem.
7g.
6g.
630,000 8 per an.
904,000
I'-
19,907,820
27,480,020
4,998,000
7,909,000
Dividend.
W'liom.
BoRton.ORlce, A mcs. Bid Apr.
Un.Tr.Co.A Bost'n July
J. N. Y.,
D.
8.
do
do
June
do
do
Sept
N.Y.. Un.Tr.Co.ABogfn F«b.
None paid.
At Co.
1, 1698
1, 1909
1, 1925
1, 1919
1, 1923
s option
A A,
A J.
A J. N.Y.,Un.Tr.C'o.AB«Bfn July 1, 1009
July 1, 1909
A J.
do
do
A J.
do
do
July 1, 1908
A J.
do
do
July 1, 1926
A. A O
Apr.l yearly.
do
do
A J.
do
do
Jan. 1, 1917
do
do
Apr. 1, 1919
A O.
M. A 8.
do
do
Sept. 1, 1919
Feb., 1892
F. A A. N. Y., Del. L. A W. RR.
M. A 8.
do
do
1907
M. A N. N. Y., Fann. L.ATr.Co. May, 1923
M. A N.
New York.
Nov. 1, 1931
July 1, 1929
J. A J.
In default.
J. A J. N. Y., Central Tr.A8t.L. July 1, 1920
Var.
N. Y., 29 Broadway.
MeU.28, 1899
A. A O. N.Y. Oflice A I>ondon. Oct. 1, 1897
M. A N. N. Y., 29 Broadway.
Nov. 1, 1910
New York.
J. A J.
Jan. 2, 1893
A. A O. N.Y., Mercantile Tr. Co. Oct «l, 1920
M. A N. Philadelphia, Offlcc.
May 31,1893
See rem. Pbila. Office A I*iid<m. July 1, 1910
See rem. Phila. OIHee A T^oiirton. June 1.5, 190$
See rem. Phibidelphla, Olliee.
Sept 1, 191*
J. A J. Phlla.,Pa.Co.for In».Ac. July 1, 1921
F.
J.
J.
J.
J.
J.
,
%«
5 g.
1,320,400 9 per
1867
1880
100
Q.-J.
(I)
"50
1,000
1,000
1,000
1,000
1,000
Payable
J.
J.
12,983,000
5,182,000
14,931,000
421,000
1,526,000
1,950,000
4,995,000
1,865,000
213,000
140,000
11,232,000
13,000,000
1876
1883
1881
1889
1890
m
on
Cent.
.>,079,000
1886
1887
1887
1889
1880 500 Ac.
tlon to about $10,000,000 bonds sold, some $5,000,000 were pledged
to secure a debt of about $3,000,000.
The road was sold in foreclosure on Jan. 20, 1892, and purchased l>y
Zephin Job, who in May was directed by the U. 8. Circuit Court of Oregon to turn the property over to a new comjiany to bo formed in accordance with the plan of the reorganization conjmittee. This plan
provides for the creation of a new tlrst mortgage securing $18,00fl,000
of 5t)-year 5 per cent gold bonds and $10,000,000 of second mortga^'o
Incomes. The present flist mortgage lionds will receive 50 per cent
the new 5s, witu two years* coupons oif, 50 per cent in new incomes,
and for the two years' coupons at par new incomes at 80 per cent face
value. Now securities not used in the reorganization are to be applied
to the prompt completion of the road to the eastern portion of the State
of Oregon. Capital stock Is unchanged. See plan at length In V. 54, p.
78. Office, 45 William Street, New York. (V. 51, p. 458, 609; V. 53.
p. 59, 570; V. 54, p. 78, 159, 367, 447, 845.)
terest
Bonds— FrinolINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by SUpckn—ljHAt
Rate per
50 126,771, '.WO
General mortgage. $ * £
Consol. M. for $100,000,000, s. fund, not drawn.
do
do (same lien as consol. 6.s) gold
Bonds (P. W. & B. stock as collat.) s. t., not dr'n.r
by the Union
Amount
Outstanding
$100 $24,000,000
Xnrigatiim—StneM
M. (diawn at 100).
cAr
nioitKafC'>.t.'oliI. $-">.<>(>() per mile
Collateral trust, (fold, rtHleemabU- at 105
Palcrmn
Date
Road. Bonds Value.
1st inort. boiiilH, koUI. sink.
Consol.
103
confer a creat favot .by saving Immedlaie notice of ajay error discovered In (he«e Table*.
RAII/ROADS.
Oregon Raihnaf/
:
6
6
5 g-
4
From January 1 to March 31 In 1892 (3 months) gross earnings wer»
$1,487,896, against $1,793,914 In 1891;
net, $191,.590, agalnsk
$712,489.
Report for 1891 was in V. 54, p. 719, showing the following
INCOME ACCOCNT.
Average mUes operated
1889.
1,397
1890.
1,404
$
$
S
7,488,031
7,574,4.56
2,3.34,047
2,783,914
1,035,653
Gross earnings
6,512,345
Net earns, (after deducting taxes).. 2,628,665
Income from Investments, etc
449,452
Total net income
TyLsfi 1 1 t*Sf* tyif Hftit
1891.
1,422
884,165
3,078,117
3,218,212
3,819,.566
1,834,879
15,423
2,577,412
201,110
1,789,190
47,182
2,849,854
~
Interest on bonds
Sinking fund
Los8onI'sedline8(O.Ry.AN.8yat'm)
MlsceUaneous
Total
736,206
201,811
217,4.58
1,126,949
.34,411
2,788,319
4,614,894
sr.289,798 df.1,396,682
4,228,673
Balance
df. 409,106
—(V. 51, p. 84, 172, 242,243 V. 52, p. 6T9, 902 V. 54, p- 719.)
Oswego
Syracuse.—Owns from Oswego, N. Y., to Syracuse, N.
Y., 35 miles. I^eased In 1868 during length of charter and renewal
thereof to the Delaware Lackawanna A Western Railroad Company fop
9 per cent per year on $1,320,400 stock and Interest on bonds.
Oivensboro
Nashville.—Owns from Owensboro, Ky., to AdairvlUe, Ky., 84 miles; Mud River Branch, 4 miles. Operated by Louisville A Nashville Rallro.ad, which owns $1,014,000 of the $1,156,518
stock (par, $100) and $1,200,000 of the first mortgage bonds— all these
bonds and most of the stock lieing pledged under its trust deeds. In
1889-90 surplus over fixed charges $42,136, against $31,148 In 1888-89
Paciflc Short Ijtne.—See Nebraska O'Neill A Western.
Padurali Tennessee
.Alabama.- Inoperation from Padiicah,
Ky., to Hollow Rock, 89 miles, and to be built to Sheffield. .\la., 114
miles additional. In April. 1892, the Tennessee Midland RR. from
Memphis, Tenn., to Perryville, on the Tennessee River, 135 miles, was
fmrchased by parties largely Interested in this road, which will operate
t under a traffic contract.
An extension will be built to connect the
lines. See V. 54, p. 598, 801. Also Tennessee Midland. The mortgage
(St. Louis Trust Co. trustee) 1» for $1,680,000.
Stock authorized,
$5,000,000 ($20,000 per mile); outstanding, $1,818,000; par $100.
Car trusts 6 per cents, April, 1892, $66,000.
Panama.—Owns from Colon to Panama, 48 miles. Opened through
January 28, 1855. The subsidy bonds are secured by a pledge of uia
sum of .$225,000 annual subsidy payable to the U. S. of Colombia by the
company. Of the bonds given above as outstanding $273,000 of the 7b
and $409,000 of the 6s are held by the .sinking fund of the 7s of 1867.
In June, 1881, most of the stock was sold to parties interested in the D«
Lesseps Panama Canal Co. The report for 1891 in Ciiitoxici.K, V. 51,
p. 596, showing net income was $9(>2,234, against $922,500 in 1890,
and a surplus over Interest, sinking fund and other charges of $323,801, again.st $348,873. Dividends since 1881 have lieen: In 1882,
121a; in 1883, 13I2; in 1884,16; in 1885, 10; in 1886 and 1887,
nil; in 1888, 26: inl889,9; In 1890, 5 In 1891, March, 2
Dec., 3:
In 1892, March, 2 per cent. (V. 50, p. 483
V. 52, p. 5tt9 V. 53, p.
324; V. 54, p. 596.)
Patcrson & Hudson.—Owns from Weehawken.N. J., to Paterson,
N. J., 13 miles. The road was leasetl in perpetuity In 1852 at a rental
of $48,400 per year, and Is operated by the New York Liake Erie A
Western as part of Its main line.
Pecos Valley.— Projected from Pecos City, Texas, on the Texas St
Pacific Railroad, via the valley of the Pecos 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 Triist Company of New York) is for
$5,000,000. Stock authorized, $5,000,000; outstanding, $1,105,000;
par $100. (V. 51, p. 458.)
Pennsylvania.— c.S« 3/n»;— Line of Road The Pennsylvania system embraces al>out 7,949 miles of railroad, including all east and west
of Pittsliurg. At tlie close of 1891 the mileage operate<l e.ast of Pittsburg A Erie, on which earnings as reported were based, was divided as
follows: Pennsylvania Division and branches, 1,510; Philadelphia A
Erie Division, 546; United Railroads of New Jersey and branches, 515;
total operated. New York to Pittsburg, with branches, 2,573.
Organization, Leases, Ac— The charter of the Pennsylvania Railroad was dated April 13, 1846. The Harrisburg Portsmouth Mount Joy
A Lancaster is still operated under a lease, though forming part of the
;
;
&
&
&
;
;
;
;
—
main line.
The Pennsylvania Company was organized
In 1870 as an anxiliary
corporation to control all the lines west of Pittsburg and Erie, the Pennsylvania Railroad Company holding all Its stock.
Stock and Bonds.- The Pennsylvania Railroad stock has been In*
creased from time to time, chlefiy by the sale of stock at par to stockholders, for the purpose of raising capital for new acquisitions, etc.
In March, 1890, $20,000,000 new stock was authorized by stock
holders for improvements and additions as required, and the President's
104
INVESTORS' SUPPLEMENT.
[Vol. LTV.
.
May,
RAILROAD STOCKS AND BONDS.
1893.]
Snbaertbers
;
confer a great favor by Klvlntc Immediate notice of any error dlecovered lu
nrlll
RAII.ROAD8.
For explanation of column hoa<IlnK8>
on (Irst page of
At., see notes
Miles
Date
Size, or
of
of
Par
. .
1
—
Equip. Trust (in series payal)le one- tenth yearly)
Del. Ave. Marlcet Co. 1st mortgage
r
Ptniigylvania Compaity — Stocli
Bonds, sec. by P. Ft. W. cfc C. stoclt (8. f .dr'n at 105.r
Bonds, g., sec. by pl'ge & guar. (s. f. not dr'n)o*4r
Ftnnsylvania dt Norlhwester^i Stock
Bell B Gap Ist mortgage. Bells Mills to Lloyds. 0*
0'
Extension 1 St mortgage
Consol. mort. (for $550,000) 8. fund not dr'n.c*
....
....
....
....
63
8
26
26
37
63
73
73
0*
Clearfield A Jefferson Istmortgage
Penn. 4N. W. gen. mortgage for $2,000,000
Ftnntylvania Poughkeepsie <t Ko»(.— Ist M., gold.o*
2d mortgage for $500,000, gold
Blatlngton Valley KR. Istmortgage
Fmtaeola <t AUanfie—
dr'n at 110), guar, by L. * N. .0*
0*
2d mortgage (2d on lands)
Land grant l)onds
Peoria d Bureau Val.—Btk., 8 p. o. renfl C. R.I.4P.
Peoria Decatur rf Evansville Slock
let mort.(Pcoria Div., Peklnto Mattoon) gold.o*
1st m. (Kvansv.Div., Mattoon to Evansville,) g.o*
160
160
47
—
0*
Second mortgage, gold
$5,000
1,000
1,000
1881-4 1,000
•86-91
1,000
1889
5,000
50
—
(8. f.
1876
1883
1889
1877
1881
110
135
238
1,000
1,000
..
50
500
1873
1875
1,000
1883 500 Ae.
1886 500 <to.
1890
1,000
1889
1,000
1890
1,000
1886
1881
1888
1884
1,000
1.000
1,000
100
100
....
1880
1880
1886
1,000
1,000
1,000
V
this policy were given in V. 50, p. 392. See Chboniclk,
50, p. 622, 801. In March, 1892, the stockholders. In view of the statement in the annual report, authorized the issue from time to time of
$17,456,550 additional stock, tliis being the balance of the authorized
capital stock. (V. 54, p. 447.)
Dividends— In 1883, 8Ja ; In 1884, 7; in 1885 and in 1886, 5 ; In 1887,
S^a In 1888 and 1889, 5 per cent yearly ; in 1890, May, 3 per cent
Nov. 2'3; in 1891, May, 3, either cash or non-interest bearing scrip,
convertible into stock till August 1, 1891; Nov., 3 percent; In 1892,
May, 3 per cent.
Price of stock in Philadelphia (price per $50 share not percentum
price)— In 1884, 49i4®61; in 1885, 45^®5(!i8; inl88G, 5138»60'4 ; in
1887, 53iaa60; in 1888, 52ia®56i8; in 1889. 50^4^56 in 1890,47%®
66I2 iu 1891, 4958^3712 in 1892, to May 20 inclusive, 54:<8®57%.
This company owns $10,890,950 stock of tlio Philadelphia Wilmington
ABaltlniore Railroad, andthefour percent bonds of 1921 are purcliased
early, if obtainable at not over par, with the surplus proceeds of PlilltkJelplua WUmingtou & Baltimore dividends.
Interest on general mortgage Gs of 18(57 is payable on coupon bonds
January 1 and July 1; on registered bonds, April 1 and October 1. Interest on consolidated Gs of 1873 is payable on coupon dollar bonds
on June 15 and December 15 ; on coupou sterling bonds, January 1 and
on registered bonds quarterly, March 15, Ac. Interest on
July 1
consolidated 5s of 1879 la payable on coupon bonds March 1 and September 1 on registered bonds, quarterly, March 1, Ac.
The collateral trust loan of 1883 Is secured by tlie deposit of mortgage
bonds of subsidiary lines to the i)ar value of $12,500,000.
The equipment trust bonds of 1889 have a sinking fund of 5 per cent
yearly, and if bonds cannot )>e bought at par the sum is to be invested
new equipment to be subject to the trust.
Oi'ERATiONS, Finances,
The total cost to the Pennsylvania Railroad Company of the stocks and bonds of other companies held in its
treasury wivs, up to January 1, 1892, $114,599,781 (par vtvlue of the
same, $1.54,319,240), most of which is represented on the otlier side of
the balance sheet by issues of Pennsylvania Railroad stock and bonds
and other debit items.
Its guaranteed securities are bought up by the Pennsylvania Railroad
Company with 1 per cent of the net income yearly, and $7,G8G,000 so
Surchased were held on January 1, 1892. The sinking fund for consols
anuarv 1, 1892, held— Consols, $1,771,980; other securities and cash,
remarks on
;
;
;
;
;
;
m
Ac—
Amonnt
Outstanding
Road. BondR Value.
tables.
Penniylvania~( Coiicluded}. —
Navy Yard mort. (extended 20 years In 1881) .r
Collateral tnmt loan, gold (s. f. I3 p. 0.) not dr'n.c*
Equip. Tr. gold bonds (8. f. 5 p.c.) not drawn....©*
yearly)
Penn. Car Trust (In series payable '
iBt M., gold
!•»
Payable
Cent.
J.
A
4iag. J.
A.
Table*.
\Nliom.
Dividend.
Pblla., Co. '8 Office.
Jan. 1, 1901
J.
D. Phlla.,Provld'tL.<tT.Co. June 1, lOlIf
8. Phlla., GIr'd Life Ac. Co. Sept. 1, 191«
5
Quar-^. Phlla.,Provld'tL.AT.Co. 1802 to 180SPhila.,Tr. 8. Dep.A I. Co. 1892 to leOl
4
Mar. 1, 1909
43,0 M. <b 8. Phlla., 233 80. 4th St.
For 1888
Pittsburg, Co.'s Otlice.
I.
July 5, 190T
Phiia.,
Tr.
8.
D.
A
Co.
6
Q.-J.
4>9K. J. A J. N. Y., Nat'l City Bank. July 1, 1921
J. A J. Phila., Guar. Trust Co. Jan. 9, 1892r
2>a
7
J. A J. PhUa., 105 8. Fourth 8t. July 1, 1898
io
Aug. 1, 1905
do
6
P. A A.
A. A O. Phlla., Guar. Trust Co. Apr. 1, 1913
6
do
do
Jan. 1, l»2r
6
J. A J.
do
Jan. 1, 1930do
5
J. A J.
6 g. J. <fc J. July ,'90, coup, last paid Jan. 1, 193»<
do
Jan. 1, 191»'
do
eg. J. dE J.
5
$1,000,000
9,900,000
2,701,000
1,050,000
5,000,000
3,000,000
20,000,000
1,361,000
19,407,000
2,000,000
106,000
83,000
156,000
1,000,000
370,000
4g. M. A
1,(500,000
250,000
61,500
4
e
6
6
3,000,000
360,000
925,000
1,500,000
8,400,000
1,287,000
1,470,000
2,088,000
tinct
lines
tbeite
'Bond*— Piinct.
INTEEE8T OR DIVIDENDS.
pal.WbaaXtaMk
Bate per When Wkere Payable, and by «toefc>— Utft
J.
K-
P.
F.
A.
4
F.
A
4
A
A
A
1916
J.
A. N. Y., 23 Nassau Street, Aug. 1, 1931
Feb. 1, 1928do
do
A.
do
do
Apr. 1, \i94t
O.
Feb., 1892
A. N.Y. ,Ch.R.I. A Pac. RB.
"eg. J.'&J. N.
6g. M. A B.
5g. a. A N.
CentralTimst Co. Jan.
do
do
Sept.
do
do
NoY.
Y.,
1,
1,
1,
19a0>
VMty
1»9*
from the Pennsylvania Railroad, and it operates all the leased
west of Pittsburg. Its stock and $2,500,000 4 "a per cents ai»
owned by the Pennsylvania Railroad Company. Besides the l>onda
given above as outstanding $1,839,000 of 68 and $533,000 of 4>fls are
held in the sinking fund.
The 6 per cent bonds are secured
by deposit of $4,000,000 of Pittsburg Fort Wayne A Cliicago special stock. The gold bonds of 1921 aro
secured by a deposit in trust of the leases of the Pittsburg Fort Wayne
A Chicago and the Cleveland A Pittsburg railroads and are also goaranteed as to principal and interest by the Pennsylvania Railroad Company, and are so endorsed tlie trustees of the mortgage are W. H.
Barnes, John P. Green and Henry D. Welsh.
The whole nmuber of miles operated or controlled by this company is
3,502— operated directly by Pennsylvania Co. 1,148 miles. Th©
income accoimt has shown the following results after payment of aU charges: deficit in 1884 of $710,220; deficit in 1885 of
$1,094,671: 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. (Vol. 50, p. 590; V.
53, p. 21; V. 54, p. 387, 404, 406, 444, 525.)
;
Pennsylvania dc Northweetern.—Owns Bellwood, Pa., to
Irvona, Pa., 2(! miles, and Irvona to Iloratlo, Pa., 37 miles; total. Including other branches, 73 miles. A consolidation January 1, 1890, ot
the Bells Gap and Clearfield A JelTerson roads. Dirtdendshavebeen— In1890, 5 per cent; in 1891, 5; in 1892. Jan., 2ig. Of the $2,000,000
general mortgage bonds authorized, sufficient are held to retire the
prior i88ue.s, when due. Five per cent car trusts due 1893 to 1902, $473,000, due $50,000 yearly on March 1. In April, 1891, it was voted to Increase the stock from $1,660,000 to $2,000,000, for double-tracking, Ac
Gross earnings in 1891, $860,332; net, $253,343; surplus over
interest, $149,531, against $144,320 in 1890. E. J. Berwind, Pros't,
PMladelphla.— (V. 50,
p. 37.)
Pennsylvania Ponghkeepslc & Boston.—Owns from Slating.
ton. Pa., to Hew Jersey and New York State line, about 73 miles. Con-
nects with lines running to the Pouglikeepsie Bridge. Completed in
November, 1889. Trustee of 1st mortgage of 1889 is the Holland Trust
Co. Interest was defaulted January 1, 1891, and in Fel)ruary. H. H.
Kingston, of Philadelphia, was made receiver. Receiver's certirtcatea
$2,532,833.
tor $200,000 have been issued to pay oft" car trusts. Capital stoctc,
From Jan. 1 to March 31, 1892 (3 months), gross earnings on lines $2,000,000; outstanding, $1,750,000; par, $50. Floating debt July 1,
east of Pittsburg and Erie were $15,676,642, against $15,270,501 In 1891, $1,444,983. In April, 1892, reported as about to bo operated
1891; net, $.t,290,7.58, against $-4,323,613 in 1891. For same periods by Philadelpliia & Reading, which, it is said, will ultimately control or
on Unea,west of Pittsburg and Erie gross earnings in 1892 sliowed an lease it. In 1890-91 gross earnings were *147,989; deficit under operaincrease of $1,493,624 compared with 1891 and the not earnings an ting expenses, $36,804; deficit under charges, $290,923. President, W.
Inorcaso of $301,838. See V. 54, p. 702.
W. Gibbs, 411 Walnut Street, Philadelphia. (V. 50, p. 353, 423; V. 51,
The report for 1891 was in the Chronicle, V. 54, p. 387, 404, 406.
A summary of the total business of 1891, compared with previous p. 609; V. 52, p. 351; V. 53, p. 641.)
years, is shown in the following
Pensacola &. Atlantic—Ponsacola, Fla.,to River Junction, Fla.,.
XBIONOS ON ALL LINES BOTH EAST AND WEST OF PITTSBURO AND ERIE. 160 miles. Operated by LouisviUe A Nashville. Stock, $3,000,000 (par
$100), $1,556,300 of which, and $1,000,000 first mortgage bond.s, all
1889
1891
1890
Gross earnings
$122,917,337 $133,521,623 $134,2541613 the seconds and $925,000 land grant bonds were on June 30, 1890, held
Operating expenses
83,811,128
91,819,660 by Louisville A NashvlUe, the first mortgage bonds and $1,550,000
92,003,365
stock being pledged under its 10-40 mortgage; 1 1-10 per cent of first
Net earnings
$39,106,209
$41,518,258
$42,434,953 mortgage oonds may be drawn annually at 110. Land grant unsold
Jime
30, 1890, 1,421,920 acres; sales in 1889-90, 33.034 acres fo»
The income account has been as follows, the " net Income " given In $33,395.
In 1890-91 gross earnings were $366,998 ; net, $47,741 ; intlie first line being the amonnt of Income after deducting interest payterest, $200,979 taxes, $36,754 ; deficit, $189,991.
:
;
ments.
INCOME ACCO0NT OF PENNSYLVANIA RAILROAD COMPANT.
1889.
1890.
Peoria
1891.
ria, 111,
47
& Bnreau
miles.
the Chicago
Net Income Penn. RR.Dtv'n
Net loss or gain on N.J. Div.
Lobs on Pitts. A Erie Div..
10,870,351
H-138,712
16,316
11,030,401
12,257,432
-1-396,885
—276,450
1,644
9,135
Valley.—Owns from Bureau Junction
The road was leased
in'
to Peoperpetuity April 14, 1854, to$125,(X)0 per annnm.
A Rock Island Railroad at a rentiil of
Peoria Decatnr & Evansvllle.— CSe« Map EtansvUlc <t
—Owns from Pekin to Evansville, 235 miles; branch, 6
Haute.)
Terr*
miles;
10 miles; through Decatur, 3 milea;
Balance
a consolidation of the Pekin Lincoln A
10,992,747
11,425,642
11,971,841
From this balance deduct—
Decatur Railroad and the Decatur Mattoon A Soutliem and the GrayPayments to trust fund
87,433
93,498
98,622 ville A Mattoon. It is operated in harmony with the Evaiisvlile A Terre
Consol. mortgage redeemed.
324,780 Haute. 'The 1st mortgage bondholders have the right to oast ten votes
324,800
324,800
AUegh.Val.RR.Co.— Dellc'y.
160,179
119,005
274,062 for each of their bonds at stockliolders' meetings. From July 1, 1891,
Penn. Canal on acc't of int.
188,510
to Aug. 31, 1891 (2 months), gross earnings on 254 miles were $152,Am.88.Co.-Tomeetlnt.guar
45,000
468, against $140,330 in 189(5.
Extraordinary expenses....
1,530,913
1,510,758
From Jan. 1 to May 7, 1892 (414 months) gross earnings, partly esti1,632,024
mated, were $295,152, against $289,079 in 1891.
2,336,835
2,169,327
2,208,222
Reportforyearending JuneSO. 1891, la V. 53. p. 711. Gross earnBalance to credit of income
8,655,912
9,256,315
9,763,619 ings $833,467 net, $363,554 total flxwl charges and taxes, $377,081;
Dividends
(5) 5,327,270(5Jfl)6,241,873
(6)7,495,598 deficit, $13,526, against a deficit of $25,240 In 1889-90. (V. 51, p. 570,
679; V. 53, p. 711.)
To credit of profit and loss.
3,328,642
3,014,442
2,268,021
Bal.ln set'm't of claims, Ao,
-1-119,370
-(-49,019
Peoria Sc Eastern.—Owns from Pekln 111., to Indianapolis, Ind.,
Expenses of floods June,'89.
—2,609,325
1,064,704
202 miles, and has a lion of $5,000,000 en Springfield Division, Indianapolis to Springfield, 140 miles. This road Is operated by Cleveland
Balance
838,687
1,949,738
2,317,040 Cincinnati Chicago A St. Louis.
Bal. profit and loss Dec. 31.
20,068,055
The Ohio Indiana A Western was sold in foreclosure February 20,
22,017,794
24,334,833
1890, and reorganized per plan in Chronicle, V. 49, p. 616. Its suo(V. 51, p. 876; V. 52, p. 822, 371. 389, 39*, 479, 498, 681 ; V. 53, p.
cesser, the Peoria A Eastern, is leased tiU April 1, 1940, to the Clera107, 267, 713; V. 54, p. 180, 345, 447, 507, 665, 702.)
land Cincinnati Chicago A St. Louis, which guarantees the interest, bok
Pennsylvania Company.—The Pennsylvania Company la a eor" not the principal, of the first consols, and o was one-halt the $10,000,000poraUon •hartered by the FennsylTanla Le^ature, Apill 7, 1870, dis- stock, per $100. If the Peoria A Eastern's earnings added to the n«t la>~
leases, Pekin, HI., to Peoria,
total, 254 miles. This road is
;
—
;
111.,
106
INVESTORS'
Subscribers
Hrlll
-For explanation of ooliimn beadingn, &o., see notes
on
first
SUPPLEMENT,
page of tallies.
i?ond»— PrlnoiINTEREST OR DIVIDENDS.
pal.Whcn Due
Rate
per
Wlien
Wlere
Payable, and by Slocks Last
Eoad. Bonds Value. Outstanding
Cent.
Payable
Whom
Dividend.
Milts
of
* Eastern— Ini. Bl. & W. Ist mort., pref..cAr
Ohio Indiana <& Western Ist mort., pref., gold... c*
Consol. mort. for if 1 0,000,000, interest guar
c*
'' 2d oonsol. mortgage, income, non-cumulative. ..c
?>ftoria rf PekiH XJnion— 1st mortgage, gold
. .c
2d mortgage, gold
c
'PeriHomen— Ist M., ser. I (Istl'n) gu. by P.&R.,g.c"
1st M., ser. 2 (2d I'n) g., guar, by P. & R. (end.) .o*
Petersburg— Stovla
Guar. pref. stock, 3 per cent, lien prior to mortg.
1st mort. (payable $26,000, due yearly Jan. Dckr
Mort. linuils, class A,$200,000 reserved for Ist M.
202
342
202
202
20
20
38
Peoria
. .
38
59
59
59
59
79
79
287
40
287
287
7
29
;
MortKat,'!' bonds, class B
fhiUidilph ia rf Baltimore Central Stock
Geu.M. (nowlst M.)for$2,500,000,$l,075,0004i2S
fliUn. <£ «ri6— Stock (.$2,400,000 is 7 p.c. special pr.)
Siinb. & E. l.st mort. (extended in 1877)
c&r
Gen. M., g.,guar.by Pa.RR. ($5,263,000 g., 5s).c&r
General mortgage, gold, guaranteed
r
PMla. Germ. <t Chestnut Hill— 1st M., gu. by Pa. ER.r
Phila. Germ. rfiVoi-cisi'n—St'k 12 p.c.rent.,P.&R.BR.
Phila.Harrisburg <t Pittsburg— 1st M. $2,000,000.,g.
Philadelphia it fieading—Stod
1st mortgage, $ and JS
c
Mortgage loans of 1844, 1848 and 1849
c
Mortgage loan of 1857 convertible
c
Mortgage loan of 1 868
c
Consol. mort. ($8,162,000 are gold 6s)
c
Impr't M., g.,s.f. drawn at 100. See V. 48, p.260.c
Consol. M.of 1882, gold, stamped, pay. atnotice.C
General mortgage ($100,000,000), gold
c*&r
—
'
Date
Size, or
of
Par
1844-9
327
Amount
1879 $100&c.
1888 500 &c.
1890
1,000
1890
1,000
1881
1,000
1881
1,000
1887 100 &c.
1888
1,000
100
100
1869 500 &c.
1881
1881
50
1881
1,000
50
1857
1,000
1869
1,000
1869
1,000
1883
1,000
..
50
1890
1,000
50
1843 $ & s.
1,000
1857 500 &0.
1868
1,000
1871 200 &e.
1,000
1873
500AC.
1882
1888 1,000&C
come (up to $200,000) over operating expenses of the Springfield Division of the Ohio Indiana & Western exceed tlie sums necessary to
pay the Peoria & Eastern's fixed charges and to reimburse tlie Big Fo)ir
for all advances up to that time, the surplus is to go to the second oon•olidated incomes, and then if a surplus remains this is to go to the
Peoria & Eastern itself. Tlie consolidated mortgage of 1890 covers, besides the road owned, the $5,000,000 purchase money lien on the Springfield Division. See abstracts of the consolidated mortgage and of the
consolidated income mortgage in V. 51, p. 246, and of Ohio Indiana &
Western mortgage, V. 47. p. 201. From July 1, 1891, to March 31,
1892, (9 months), gross earnings were $1,417,256, against $1,150,063
an 1890-91; net, $105,887, aaainst $216,322; interest, rentals, etc..
#340,901, against $342,631 balance, surplus. $64,986, against deficit
Of $126,309. In year ending June 30, 1891, $1,495,317; net, $301,932;
Interest, $420,850; rentals, $43,007; deficit, $161,924.— V. 51, p. 246;
;
V
[Vol. LIV.
confer a great favor by siring Imnkedlate notice of any error dtscoTered In these Tables.
RAILKOAPP.
•
.
:;
;
:
53, p. 324.)
& Pekln Union,—Owns from Pekin to Peoria, 10 miles on
Illinois River; total operated 20 miles. The road is a union
and the stock of $1,000,000 was taken by the diftereut Peoria RR.
companies, and they pay a rental for the use of the road and also pay
Peoria
each side of
$1,000,000
500,000
8,103,000
4,000,000
1,495,000
1,499,000
799,600
1,125,000
960,800
323,500
155,000
693,000
800,000
2,495,650
2,075,000
10,375,000
976,000
13,943,000
4,755,000
1,000,000
2,231,900
—
7
J.
V-
A.
4
6g.
^•
I'3 per an.
&5
M.
&
&
J.
O.
N.
2 on com.
A. &"0.
7
5 g.& 6 g. See rem.
4 g- A. & O.
4I2
M. & N.
12 per an' Q.-M.
5 g. IA&015
,
(I)
40,105,361
1,512,700
954,000
79,000
2,700,000
18,811,000 6
9 364,000
5,767,042
38,481,000
6
6
412
7
g.
&7
J.
J.
J.
A.
J.
A.
M.
4
g.
&
do
do
do
do
do
do
do
do
Co.
,
A.
41^
N. Y., Drexel, M.
Jan. 1, 1900
Apr. 1, 1938
Apr. 1, 1940
N. Y., when earned.
Apr. 1, 1990
Q.-F. N. Y., Central Trust Co. Feb. 1, 1921
M. & N.
do
Feb. 1, 1921
do
PhUa.j Pa. Co. Ins. on L. Jan. 1, 1918
do
Jan. 1, 1918
do
J. & J.
Richmond.
Jan. 4, 1892
J. & J.
do
Jan. 1892
J. & J. Rlchm'd and Petersb'g. Jan., 1893-'98
J.
O.
April 1
4H!g,
t
&
&
Q.-J.
J.
&
&
&
&
&
&
&
&
JiUy
Oct.
1,
1,
1926
1926
Pbila., Penn. RE. Co.
Nov. 1. 1911
Phlla.Of.,233 8. 4thSt. Mch. 15, 1892
PhUa., Penn. BR. Co.
Oct. 1, 1897
Phil., Pa. RR. & London
July 1, 1920
Phila., Penn. RR. Co.
July 1, 1920
Phila., Penn. RR. Office. May 1, 1918
Phila., Treasurer of Co, June 4, 1892
Phila., Comp'y's office. Oct. 15, 1925
&
J. Philadelphia
London
J. Phila., Of., 227 S. 4th St
do
do
do
do
do
do
J.
O.
D.
O.
N.
J.
do
do
do
do
do
do
July, 1910
July, 1910
July, 1910
Oct. 1, 1898
June
Oct.
May
Jan.
1,
1,
1,
1,
1911
1897
1922
1958
mouth RR., 9 miles other, 4 miles 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.
Stock,
$2,246,000—par, $50.
;
;
& Pittsburg.— Owns
Philadelphia Harrlsburg
from Harris-
burg, Pa. to Shippensburg, on tlie Western Marjland Railroad, 40 miles,
with blanches, 1 mile. Opened in April, 1891, and leased for 999 years
to the Philadelpliia & Reading, which guarantees the bonds. Trustee
of the mortgage is the Pennsylvania Company for Insurance on Lives,
etc.— (V. 51, p. 383, 459; V. 52, p. 124, 643.)
,
—
Philadelpliia & Heading.— f/See Map)— liiiiE OF Road Owns
main line, Philadelphia to Mouut Carbon, Pa., 98 miles; branches
owned, 229 miles; leased lines, 552 miles; roads controlled, 293 miles;
total operated November, 1891, 1,173 miles.
In November, 1890, the Port Reading Railroad was organized in the
Interest of this company to build 20 miles of road from Bound Brook to
Stateu Island Sound (near New York), where extensive terminals wul
be established. See V. 51, p. 681 V. 52, p. 124.
Control of the Poughkeepsie Bridge sy.stem was acquired in February, 1892. See Central NewEuglaiid & Western and V. 54, p. 203.
The Central RR. of New Jersey and the Lehigh Valley RE. also wers
leased early in 1892. See below.
ORG.iNiZATioN, LEASES, &c.— The Pliiladelphia & Reading Company
p. 22.)
was chartered Aiiril4, 1833. It leases anuuiberofroadsin Pennsylvania;
also, the North Pennsylvania Railroad and Delaware & Bound Brook,
PerRlontien.—Owns from Perkiomen Junction, Pa., to Emaus Junc- forming the line from Philadelphia to New York, and controls Reading
tion, Pa.. 39 miles. Stock subscription, $38,040. Reorganized in 1887.
& Columbia. The fiscal year ends November 30. The annual election
There is due Phiiadeipliia & Reading RR. on loan account upwards o't is held the second Mondav in Januai-y.
§900,000. In year ending November 30, 1891, gross earnings were
In May, 1880, receivers were appointed and held possession till May,
269,393; net, .$101,324; interest, $96,230; surplus, $5,041,
1883. In June, 1884, the company again went into receivers' hands,
Petersburg,— Owns Petersburg, Va., to Garysburg, N. C, 59 miles and so remained tiU January, 1888.
rents Garysburg to Weldon (Seaboard & Roanoke), 2 miles; total, 61
In February, 1886. the Drexel-Morgan syndicate was formed, and the
miles. Reorganized in 1877 without foreclosure.
plan of reorganization was published at length, as modified. In the
From July 1.1891, to March 31,1892 (9 months), gross earnings Chronicle of December 18, 1886, on p. 747 (V. 43, p. 747).
were $377,996, against $384,969 in 1890-91: net, $185,970, against
In February, 1892, the Central RR. of New Jersey and the Lehia*
$140,503. In year ending June 30, 1891, gross earnings were $527,- Valley RR. were leased for 999 years, the former to the Port Reading
644; net, $193,794. In 1889-90, gross, $498,918 net, $187,455. (V. RR. (held in the interest of this company) from Jan. 1, 1892, the latter
SO, p. 312; V. 53, p. 8 79.)
to the Phila. & Reading from Dec. 1, 1891. Both xnoperties will bo
Philadelphia dc Baltimore Central.— Philadelphia to West- operated directly by the Reading, which guarantees the dividends on
their stock. For terms of leases see the lessor companies and V. 54, p.
Westchester Junction to Octoraro, Mrt., 46 miles
•chester, 26 miles
lea-sed Chester Creek Railroad. 7 miles
total operated, 79 miles. The 288. At the same time an interest in the Delaware Lackawanna dc
Philadelphia Wilmington & Baltimore Railroad holds practically all Western was acquired by parties interested in tiie new arrangement,
the $2,495,650 stock, and operates the road as part of its system. In and Mr. Maxwell, Vice-President of tlie Reading, was elected to the
1890 91 gross earnings, $972,014; not, $206,448
surplus above same office in tlie D. L. & W., which company will therefore be operated
in liarmouy witli tlie Reading. With the Leliigii Valley was seeiu-ed,
charges, .$54,206.
lease aud stock arrangement, the control of the Leliigli Valley
Plilladelplila
Erie.—Owns from Suubury to Erie, 287 miles. through
Coal, Co. These acquisitions, unless pronounced illegal, will give the
Formerly Sunbury & Erie Railroad. It is leased to Penn.sylvania Rail- Reading
control of a large proxiortiou (by some placed at 72 per cent),
road for 999 years, and actual net receipts are paid as rental. The gen- of the entire
anthracite coal production of the United States and it Is
eral mortgage is guaranteed by the Pennsylvania Railroad, and the inexpected
wiU largely increase the company's earnings. As to the legal
terest on tlie Os is paid J. & J., on the 5 per cents A. & O. The Pennsylproceedings regarding the leases see V. 54, p. 288, 525, 598, 643. 762.
vania Railroad Company owned December 31, 1891, $3,501,800 comtralflc agreement with the Bulfalo Rochester & Pittsburg was made
mon and $2,400,000 preferred stock and $3,823,000 general mortgage InAMay,
1892. See V. 54, p. 799.
bonds, and the city of Pliiladelphia (sinking fund) $2,250,000 common
Under
the reorganization agreement the right to vote on stock la
Stock. Clapital stock— Common, authorized, $10,000,000; outstandvested in five trustees, these including J. Lowber Welsh, J. Pierpont
ing, $7,975,000 preferred, special, 7 per cent, $2,400,000 par, $50.
John Wanainaker, till August 1, 1892.
Morgan
aud
A dividend of 2 per cent was p.aid on co'nmon stock in March, 1892.
The Philadelphia & Reading Coal & Iron Company Is a corporation
From January 1 to March 31, 1892 (3 mouths), gross earnings were formed
(Dec. 12, 1871,) for the purpose of owning and working the ex$1,057,895. against $983,528 in 1891; net, $275,945, against $309,385.
coal properties of this company
The Philadelphia & Reading
The report tor 1891 in Chronicle, V. 54, p. 365, showed earnings tensive
RR. Co. owns aU the stock ($8,000,000) of the Coal & Iron Co., and liad
as follows
Invested in it November 30, 1891 (as per balance sheet), $69,453,181
1888.
1889.
1890.
1891.
over liabilities. The estates of the company aggregate upwards of
Gross earnings
$4,373,042 $4,689, 137 $5,113,787 $5,201,361
Expenses (inclaU taxes). 2,733,088 2,928,744 3,415,595 3,516,391 194,000 acres, classified as follows:
95,144 Timber landsowned (acres) 70,489
Coal lands owned (acres)
7,429 Iron ore lands (acres)
21,000
Net earnings
$1,639,954 $1,760,393 $1,698,192 $1,684,970 Coal lauds leased (acres)
Total net income
$1,655,850 $1,778,573 $1,716,440 $1,702,985
Total area (acres)
194,062
Interest on debt
$1,168,176 $1,034,470 $1,034,470 $1,042,470
Stock and Bonds.—The dividends paid on Philadelphia & Readinjr
Interest on special stock.
168,000
168,000
168,000
168,000 stock from 1870 to 1875, inclusive, were 10 per cent each year; In 187B
Interest on cciuiiunent...
168,404
174,920
183,614
156,003 2 le per cent was paid and nothing since.
Extraordinary expenses
323,331
Price of stock in New York— In 1883, 46'4®61i9; in 1884, le^s
Organization expenses...
8,000
8,000
8.006
8,000 ®6058; in 1385, 13326; in 1886, 1812373
''s; in 1887, 34®71%; in 1888,
Total dlsbursement8.$l ,512,580 $1,708,721 $1,394,084 $1,374,473 44i9®fi9; in 1889. 36®50 lnl890, 26H'<ii4:Sh; in 1891, 25'8®43%;
May
Inclusive,
In
to
20,
38®65.
1892,
eurpius
$143,270
$69,851 $322,356 * $328,512
The consolidated 5« of 1882 are payable at par at any time.
Company guarantees $2,000,000 bonds of the Philadelpliia Harris* A dividend of 2 per cent on common stock was paid in March, 1892.
burg it Pittsburg— which see.
(V. 50, p. 274
V. 52, p. 278 V. 54, p. 365, 406.)
The general, and first, second and third preference Income mortgages
(trustee of all, Pennsylvania Company for Insurance on Lives, etc., of
Philadelphia Gerniantourn
Chestnut HII],— In Philadel- Philadelphia)
cover in addition to the 327 miles of road owned the title
Shia from Germantown Junction, on Connecting Railway, to Chestout to leased lines (mostly leased for 999 years) all real estate, rolling stook
[ill, 7 miles.
From May 1, 1883. leased for 30 years to" the Pennsyl- aud vessels of the compan.v,
$8,000,000 Philadelphia & Reading Coal &
vania Railroad Company, which guar.autees 4I2 per cent on the bonds.
Kental, net earnings. Pennsylvania Railroad owns $999,750 of Iron (Company stock, as well as the real estate of tliat company, and
to a mortgage to Pliiladelphia & Reading Railroad Company
subject
the $1,000,000 stock (par, $50). Gross earnings in 1891, $248,754; net
dated July 1, 1874, stock in other coal and Iron companies. An abover expenses and taxes, .$83,917 (against $62,317) interest, $45,000
stract of the general mortgage was in the Chronicle, V, 46, p. 679, and
rentals, etc., $4,330.
of the preference income mortg.ages in V, 47, p. 141 aud 142. The
Philadelphia Germantown Sc Norrlstown.—Philadelphia, third preference convertible bonds were issued in exchange for the old
Pa., to Norristown, Pa., 17 miles; Germantown Branch, 3 miles
Ply- convertible 7 per cents. They srfe stamped with on agreement making
road,
;
terminal charges. See full description in V. 36, p. 253. Dividends
in 1891, July, 2 per cent.
See V. 53, p. 22. RcceipU In 1889-90.
$299,458; net. $22,920; rentals leased roads, $147,212 other income,
$15,993; total revenue, $186,125; paid Interest, $157,155.— (V. 53,
;
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Mat,
18«?.]
RAILROAD STOCKS AND BONDS.
lor
:
.
1«8
:
SUPPLEMENT.
INVESTOES'
SubscribcrH
vrlll
[Vol. LIV.
confer a great favor by giving Immediate notice of any error discovered In these Tables.
^^O^^^I
-
;
:;
Wot explanation of column headings,
on first page of tables.
Miles
Date
Size, or
of
of
Par
see notes
4&0.,
JJoHffg— PrinotINTEREST OR DIVIDENDS.
paljWhen Due.
When Where Payable, and by Stocks— iMst
Amount
per
Outstanding Rate
Cent.
Road. Bonds Value.
Whom.
Payable
Dividend.
—
Philadelphia <t Reailing— (Continued.)
Terminal M., gold, gu. by P. & R. Term. RB..c*&r
Ten-year sinking fund gold loan, red. at 100. .0*
Istpref. inc. M., not cum. ($24,400,000) gold...o*
2d pref. inc. M., not cum. ($22,500,000) gold. .0*
3d pref. inc. M., not cum. ($5,200,000 couv.) g. .0*
Collateral trust bonds (for $10,000,000)
.
327
327
327
.
Deferred incomes (comiug after stock)
Car trust. Series A, $100,000 due each F. 4 A.
Car trust. Series B, $51,000 due each M. & S
Car tnist. Series C, $30,000 due Q.— M
Car trust, Scries D, $75,000 due Q.— F., gold.
.0*
0*
0*
. .
.0*
Equipment notes
Mortgages on real estate
F. & R. Coal & I. purchase money & real estate M.
Do
do
extended in 1892, gold.
rhUa. Read. A New Eng.—Fret. stock ($2,000,000)
let mortgage, gold ($3,750,000 are 48)
Do
($2,500,000 4-5s, 4 p. c. for 3 years)
Inc.bd8.,non-ou.,8er.A,$l,750,000;B,$2,100,000.
Dutchess County BR. 1st mortgage, gold
e*
mia. <e IVen(o>j—Stock 10 p. c. rental, Penn RR.
fkiladelphia Wilmington d Baltimore Stock
Plain SondB
r
Plain bonds, s. fund $16,000 yearly, not drawn., r
Plain bonds, s. fund $20,000 yearly, not drawn . r
Plain bonds
r
Plain bonds
r
Plain bonds
r
Piedmont i£ Cumberlatid 1st mortgage, gold
Pine Creek 1st mortgage, guar. pnn. andint
r
PMtburg Akron <t TT.— Ist M. $3,630,000, gold. . .0*
them
7'2'-'84
500 &0.
500 Ac.
1,000
1,000
1,000
1,000
29
75
105
common
'
1,600
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1875
1880
1887
1887
1891
1886
1885
1890
Q.-F. Phlla., Prov. Life & Tr.
& A.
do
do
Feb. 1 5 p. ct. paid. Feb., 1892
Feb. 1 418 p. ct. paid Feb., 1892
Feb. 1
May
Feb.
Jan.
Jan.
Jan.
F.
5
25,568,090
300,000
255,000
660,000
2,230,000
3,485,306
2,052,090
12145,106
g-
1941
1902
1958
1958
1938
1,
1,
1,
1,
1,
Irredeemable.
F16AA15
M. & B.
Q.—M.
Q.— F.
55,647
6
(
1,600
1,000
1872-4
—
$6,000,000
2,000,000
23,971,000
16,176,413
18,464,000
56" &c.
100
50
.
—
$1,000
1,000
1,000
1,000
1,000
1892
1892
1892
1890
12
39
—
1891
1892
1888
1888
1888
1892
1882
1883
1884
1887
1890
1891
g.
Phlla.,
Union Trust
$200,000 y'rly
102,000 y'rly
Fidelity Tr. Co. 120,000 y'rly
Prov't Life & Tr. 300,000 y'ry
do
Phlla.,
Phila.,
Co.
do
Various PhUa.. Of., 227 S. 4th St. 1892 to 1904
Seml-an
do
do
Various, 1897
1942
1942
4-5g
350,000
"eg. J. & D.
1,259,100 lOperan. Q.-J
11,819,350
4
J. & J.
700,000
6
A. & O.
800,000
A. & O.
6
1,000,000
5
J. & D
A. & O.
1,000,000
4
4
M. & N.
1,000,000
4
J. & J
1,000,000
650,000
5g. F. & A.
3,500,000
J. & D.
2,450,000
5 g- A. & O
June
N. Y., Mercantile Tr. Co.
1,
1940
Phila., Company's Oflice
Apr. , 1892
PhUa., 233 8. Fourth St. Jan. 2, 1892
do
do
Oct. 1, 1892
PhiLOf .; Bo8t.,Kid.Peab Apr. 1, 1900
do
do
233
do
Phlla.,
S.
June
do
do
Fourth St.
do
Apr.
Nov.
Jan.
New York & Baltimore.
N. Y. Gd. Cent. Station.
New York.
Aug.
Dec.
Apr.
1,
1,
1,
1,
1,
1,
1,
1910
1917
1922
1929
1911
1932
1940
See V. 50,
TRAFFIC AND EARNINGS OF RAILROAD AND COAL * IRON COMPANIEg.
Net earnings are defined in the income mortgages as the profits of the
railroad company for each fiscal year ending Nov. 30 derived from
all sources, after paying operating expenses, taxes and 6xl.sting rentals,
guarantees and interest charges (but not fixed charges of the same sort
subsequently created)
also, after deducting expenses of " renewing,
replacing and repairing its said property and premises. Including such
reasonable improvements thereof and additions thereto as shall be necessary for the safe, proper and economical operation of the same."
Coal from
Coal carried
iCrchandise landsofO.it Cross re- yet e'mingt
(tons of
2240 lbs.), carried one I. Co.y tons ceipts both, of both commile.
panics.
2240 lbs. cotnpayiies.
one mile.
convertible at option of holder into
stock.
p. 276.
;
(V. 47, p. 256.)
In February, 1889, the first and second preference bonds received full
and the third 21^ per cent. In 1890 only ^s of 1 per cent was
first incomes; in Feb., 1891, nil; in Feb., 1892, 5 per cent
on firsts and A^ p. ct. on seconds.
The $8,500,000 bonds for the construction of the P. & R. Terminal
ER. are the Reading's own bonds, and are guaranteed by the P. & R.
Terminal RB. Co. They are also secured by a mortgage upon all the
property of the Terminal Company and by a traffic contraci between
Beading and the Terminal Co. The trustee is the Provident Life &
Trust Co. of Philadelphia. See V. 53, p. 391.
The ten-year sinking fund loan due 1902 is secured by $2,196,000
coal land mortgage bonds deposited with the Penn. Co. for Insurance,
Ac., the trustee. The bonds are subject to call for the sinking fund at
Interest,
paid on the
par and interest.
Of the collateral trust bonds of 1892 the President's report said
"Arrangements have been completed for making provision for all
necessary betterments, new equipment and additional property which
•will be hereafter required, by an issue of $10,000,000 collateral ti-ust
bonds, bearing 5 per cent interest, which are unused and unpledged,
and the proceeds will be expended only for the improvement of and
additions to the present mortgaged estates. All new lines and extensions wiU either be of sulHcient importance to provide the necessary
funds Independently, or their promotion wiU not be undertaken b y the
company. Within six years, and before the maturity of this loan, there
will have been liberated under the plan of reorganization an equal
amount of general mortgage 4s, ai>plicable to these purposes under the
mortgage." * * * "In this connection it is proper to add that the
company owns stocks and bonds of the par value of $40,683,050, represented in the balance sheet at a cost of $22,669,000. A fair cash
value of these securities exceeds .$20,000,000. This does not include
1883-4.
1884-5.
1885-6.
1886-7.
1887-8.
1888-9.
1889-90
1890-91
588,980,525
665,018,573
727,179,462
835,308,697
848,257,474
879,717,468
976,587,989
(V. 52, p.
319,279,871
359,526,194
398,862,487
444,614,423
435,904,463
485,690,228
591,379,912
5,672,684 $37,009,753
6,040,178 34,343,501
6,209,202 35,683,096
6,901,497 41,188,737
6,732,486 39,638,990
6,614,127 38,355,601
7,338,472 41,096.224
44,422,843
$8,950,554
7,926,304
7,335,603
12,430,054
9,677,988
7,992,81»
8,114.104
10,417,143:
98, 120, 128, 204, 351, 479, 499, 571, 643, 681, 796,
832,.
974; V. 53, p. 126, 157, 290, 391, 407, 408, 475, 641, 793; V. 54,p. 118,
203, 243, 276, 288, 329, 345, 367, 410, 444, 486, 525, 598, 643, 665,.
701, 721, 762, 799.)
Reading Sc New England.— fiSec Map Central
<& Western.)—Tms is the company which will absorb the
New England & Western RR. and the Fouglibeepsie Bridge
Plilladelplila
New England
Central
pioi)erty
will own
upon completion of the reorganization, now in progress. It
from Campbell Hall, crossing the Hudson River at Poughown bridge, to Silvernails, 58 miles and lease and con-
keepsie by its
trol
Hartford
;
&
Conn. Western, Hartford to
Rhinecliff',
108 miles; and
County ER., from Poughkeepsie to western terminus of
the N.Y. &New Eng. RR. at Hopewell June, 12 miles; total, 178 mUes.
The first mortgage is for $7,250,000, both principal and Interest of
the bonds being guaranteed by the Philadeljihla <fc Reading; of the
amount authorized, $1,000,000 bonds are reserved for future use, and
of the balance $3,750,000 are 4 per cent bonds and $2,500,000 bear
4 per cent for first tliree vears, thereafter 5 per cent. The common
stock is $4,600,000, all owned by the Philadelphia & Reading. See
Central N. E. & Western; also Poughkeepsie Bridge in Miscellaneous.
'The Dutchess Co. bonds are to be guaranteed principal and interest.
Philadelphia Sl Trenton.— Owns from Kensington, Pa., to MorrisviUe, Pa., 26 miles, and Tioga Branch, 1 mile; leases Trenton Bridge
Connecting Railroad, 7 miles, and Frauktord & Holmesburg Railroad, 4
any of the issue of securities of the Coal & Iron Co."
miles total owned and leased, 39 miles. On December 1, 1871, it was
The defeiTod income bonds have no claim for payment of the princi- leased with the United Companies of New Jersey for 999 years to the
but
after 6 per cent has been paid on Reading stock they are enti- Pennsylvania Railroad, at 10 per cent on stock, and is operated as a
Sal,
ed to further earnings up to 6 per cent, and thereafter rank pari passu part of its New York division. In 1888 gross earnings were $3,847,440 i
with common stock. Although thenominal issue of these defeiTcd bonds net. $2,125,627.
was $34,300,000 and the amount listed on the Stock Exchange was
Plilladelplila 'Wilmington Sc Baltimore.—Mileage as follows:
$20,487,983, still the amount named in the plan of reorganization was Philadelphia Wilmington & Baltimore Railroad, 133 mUes Philadelphia
only $6,225,327, as the bonds " at issue price." V. 54, p. 329.
& Baltimore Central, SO miles Delaware Railroad, 100 nuies Queen
Opekations, Financks, &c.-The earnings of the Central RR. of Anne & Kent Railroad, 26 miles Delaware & Chesapeake, 54 miles
New Jersey and the Lelilgh Valley are not included In the following Cambridge & Seaford Railroad, 27 miles Delaware Maryland & Virginia
statements.
Kailroad, 98 miles; other mileage, 130; total operated, 648 mDos. Owns
From Dec. 1, 1892, to March 31, 1892 (4 months), gross earnings of the nractically all the stock of the Phlladelpliia & Baltimore Central. The
railroad company were $7,218,104, against $6,420,518 in 1890-91
bonds are all to be secured by any mort. which may be issued on the road.
net, $3,148,003, against 2,603,484 surplus over charges and improveFrom 1868 to 1887, inclusive, dividends of 8 per cent were paid; in
in 1891, 6; in 1892, Jan. 4. In April, 1881,
ments, $735,726, against $128,260. The Coal & Iron Co. in same period 1888 and 1889, 7; in 1890,
had net earnings of $374,793, against $127,396 in 1890-91; deficit nearly the whole stock was purchased by Pennsylvania Railroad Comtmder charges and improvements, $215,480, against $502,656. Total pany, $10,890,950 of it being now held by that comjiany.
result for both companies was surplus over charges and improvements
From January 1 to March 31, 1892 (3 months), gross earnings on 64S
In 1891-92 of $520,246, against deficit of $374,396 in 1890-91. See miles were $2,052,821, against $1,528,694 on 518 miles in 1891; net,
lease Dutchess
;
;
;
;
;
;
;
;
V. 54,
p.
701,1721.
The fiscal year ends November 30 the report for 1890-91
;
118, showed the following
In V. 54,
p
EAKNINGS AND EXPENSES.
„
1888-89.
,
Satlroad—
Passenger traffic
..
$
3,639,546
8,954,004
5,938,976
420,448
65,640
Coal traffic...
Merchandise traffic
Miscellaneous
United States maU
Income from
from steam
&
1889-90.
$
3,898,291
9,305,536)
7,210,3805
448,480
71,830
1890-91.
$
4,045,862
i-oinnaq
l'.''S0,08d
482,694
75,162
stks.
bds.,
colliers, &c.
1,318,761
1,231,963
1,257,307
Total eam'gsRR. Co..
Operating expenses
20.537,375
12,396,706
22,166,450
13.901,188
23,111,109
13,176,631
Net earnings RR. Co..
Het earnings C. & I. Co....
8,140,669
df.147,850
8,265,262
df.151,158
~9?934,478
482,665
Total net both Go's....
Deduct
Rentals RR. Co
7,992,819
3,114,104
10,417,143
2,842,319
4,085,139
826,523
354,084
2,830,744
4,351,312
4,502,882
822,126
340,107
815 526
395,423
—
Interest RR. Co
Interest Coal <& Iron Co...
BlnktngfundCoal &I.
Co..
2,838,.351
Total deductions
8,108,065
8,344,289
8,552,182
Balance, both companies, def. $115,246 def.$230,1858ur.$1.864,961
The following table shows traffic and joint earnings for eight years,
excluding the kueiness under Central Railroad of New Jersey lease
$355,894, against $273,950.
In year ending October 31, 1890, gross earnings were $6,820,377;
net, $1,570,202; surplus over fixed charges, $1,020,772; dividends,
$709,161. In 1890-91 gross earnings, $7,194,998; net, $1,901,876; surplus above charges, $1,020,981; dividends, $827,354; surplus, $193,627.
—(V. 52,
p. 499.)
Piedmont
&
Cumberland.—Road
extends from Piedmont, West
connects the West Virginia Cenoperated, with the Pennsylvania
BR. system, and has a traffic contract guaranteeing 5 per cent of gross
earnings to and from this road over the Pennsylvania Railroad, which
owns $200,000 of the $650,000 stock (par $50) and $100,000 bonds.
In 1890, gross, $176,080; net, $72,116. H. G. Davis, President.
Va., to (3iunberland, Md.,
Pittsburg RR., by
tral
&
29 miles.
which it
It
is
Pine Creek.-Owns from Stokesdale Junction to Newberry Juncon the Coming Cowanesque & Antrim Rojid, 75 miles. Operated by the Fall Brook Coal Co., forming a connection between Philadelphia & Reading lines and New York Central; bonds are guaranteed by these companies and the Corning Cowanesque <fc Antrim, on the
condition that guarantors shall advance money for interest it needed
and take second mortgage bonds for such iidvances. There are $142,000
seconds due in 193'2. Stock, $1,000,000; )>ar, $50. In 1889-90 lessee'*
report showed gross earnings, $770,006; net, $31,809; rent of road, &c.,
$232,674; deficit, $200,865. Lessors report in 1889-90: Rental, <Stc.,
$211,806; interest, Ac, $227,293; deficit, $15,487; total deficit to July
1, 1890, $382,739.
Pittsburg Akron Sc. Western.- H.os road under constructionAkron, O., to Delphos, 165 miles; track all laid and ballasting in rapid
progress. Stock authorized, $4,230,000; par, $100. The Akron & East^
em RR. Co. has been incorporated in the interest of this company to
build from Akron to New CasUe, Pa. (V. 51, p. 459, 910.)
tion, Pa.,
r
'.
May,
KAILROAD STOCKS AND BONDS.
1892,]
109
Sabacribers will confer a K'^^* faTor hj clTlnx Immediate notice of anf error discovered In theae Tables.
KAILROAOa
For ezpUuiatiOD of ooliimn headings,
on dret page of tables.
&o., see notes
PUIsbvrg Cincinnati Chicago d St. Lottis—Pret. st'k
&Qt. KiiHt. l8t M. (Cblo. to Ix)Kansport)..c*
iChlc.
Col. <felml. Out. l8tM. (Colum. to Ind. & br.).o*
o*
Col. & ImliaiiiiiK)li8 Central 2d moitgago
Union & Lof;anHi)'tlstM.(U'nCltytoLoKanfi.)o*
lie. St. L. & I'ittK. cons. M. ($22,000,000) gold.o*
Cincinnati RI<;hniond & Chicago 1st mortgage.
.
.
Jefl'nvillcMad.&[n.l6tM.(8.f..'iil5,0OOdr'nat 110)0
2d mortgage
Miles
of
J
PUt»b. Clevr. rf'iWfrfa^'istM.i gold',int.'gijaV.'B.40.'
Pittsburg <* oii nellsmlle—1 et mortgage
Consol. M., guar. B. & O. («.f.i7,200 per year) gold
2d consolidated mortgage, gold (pledged)
PUtsb.t'l. Wai/ne J: «Air.— .Stock, 7 p. ct. guar. Pa. RK.
Guaranteed special Improvement stock
'
lBtmortgage,serle8AtoFlgi„^ fund, oumula-J
j, . „ntrtpii.i>m n*'5
tlve,
notdrawn.o
^
Pittsburg i unetinti—\»% mortgage, gold
c*
Pittsburg <* Luke Erie— Stock
aa
do
serlesGtoMV
Sdmortgage
S
o
Ist mortgage, gold
o
2d mortgage, gold
Pittsburg McK. it Yough.—Conaol. stock, guar
1st mortgage, guar, by P. <& L. E. and L. S. & M. S.
2d mortgage, for $1 ,750,000, guaranteed
MoKeesport & Bellevemon, Ist M., gold, assumed
Pittsburg Chartlera
of
Amount
Par
117 1863-5
187 1864
208 1864
93 1865
580 1883
36 1866
222 1866
222 1870
1
1863
116 1864
213 1868
78
149
149
149
470
470
468
468
468
8
71
71
"62
62
92
(1890
^1892
(1892
&
;
:
;
;
Ac—
Organization,
This company was formed in 1890 by consolidation (per terms in V. 50, p. 875) of the Chicago St. Louis A Pittsburg,
the Jefferson Madison A Indianapolis, the Cincinnati A Richmond and
the Pittsburg Cincinnati A Bt. Louis. For history of constituent com?ani68 see Suiti-ements prior to September, 1890. Controlled by the
ennsylvania Co. and Penn. RR. Co. through ownership of $28,697,900
stock.
Stock and Bond.?.— The stock authorized is Common, $45,000,000'
preferred, $30,0(X),000
par, $100. There were to be issued in the
consolidation about $23,000,000 of preferred stock and $21,000,000 of
common stock, in exchange ifor the stock of the constituent companies
on the following basis Pittsburg Cincinnati A St. Loula Railway llrst
and second pref. aiui common to receive of new preferred $100 for two
shares ($50 each) of old stock Chicago St. Louis A Pittsburg Railroad
preferred to receive $60 60 new preferred and $33 34 new common for
each $100 share of old stock (jhlcago St. Louis A Pittsburg old common to be exchanged for new common share for share Jeffersonville
Madison A Indianapolis Railroad stock to receive $50 new preferred
and $50 new conunou in exchange for each $100 old stock.
On December 31, 1891, there was outstanding $20,007,952 common
stock and $22,314,093 of preferred. Stocks of constituent companies
outstanding Dec. 31, 1891 Pittsb. Cin. A St. Louis common, $543,650;
Chic. St. Louis A Pittsb., common, $704,267, and preferred, $157,703;
Steubenville A Indiana, common, $117,745; other, $10,350. In Feb.,
1892, a stockholder of the Pittsburg Cincinnati & St. Louis who declined
to come into the consolidation had his stock valued at $65 per share by
a board of arbitrators. The case has gone to the Supreme Court.
The preferred stock is " non-cumulative and entitled to a dividend
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
common to an additional 1 per cent, making 5 per cent in all."
After 5 per cent has been declared in any year on l)Oth common and preferred, the two stocks share equally.
Dividends on preferred: In 1891, May, 1 per cent; November, 2
per cent; in 1892, March, 2 per cent.
Price of common stock: In 1890, 12314; in 1891, 12>a®29'3; in
:
;
:
;
:
1892, to May 20 Inclusive, 23^30=8.
Price of preferred stock: In 1890, 50'355; in 1891, 48®68%; In
1892, to May 20 Inclusive, 00®G738.
The Pennsylvaniii liaiiroad Company Jan. 1, 1892, owned $3,100,450
preferred stock and $5,!I44,000 Chicago St. Louis A Pittsburg consols.
A consolidated mortgage for $75,000,000 (Farmers' Loan A Trust Co.
of New York and W. N. Jackson trustees) has been executed, sulHcient
bonds secured by it iMiing reserved for the prior liens, which In April,
1892, were reduced by exchange of $13,575,000 Chicago St. Louts A
Pittsburg consols for a like amount of the new consols to $20,995,000.
The new consols, outstanding were then increased to $20,393,000. Of
this amount series A (Nos. 1 to 10,000, both inclusive) are guaranteed
unconditionally as to principal and interest by the Pennsylvania Company, In accordance with the vote of Its Board of Directors, and are 80
endorsed. Series B (Nos. 10,001 to 20,000) and serie-s C (Nos. 20,001
to 20,393) had not l)ecu so guarantee<l as late as May 23, 1892. The
three series are all cfjuailv secured.
There arc $05,000 Ciuclnnati Richmond A Chicago matured 2d mortg^e bonds and $797,315 of 4 and 5 jier cent car trusts outstanding.
From January 1 to Feb. 29 to 1892 gross earnings showed an increase
of $315,059 and not an increase of .$69,052.
Report for 1891 was in the Chroniclk of May 28, 1892.
1889.
1890.
1891.
Miles operated (system proper)
1,144
1,144
1,142
Gross earnings
$13,981,934 $15,452,932 $14,805,.591
Operating expenses
10,458,799
11,465,489
10,939,808
Net earnings
Per cent, of op. exp.
to sam'ss.
$3,523,135
74-62
$3,987,443
74-20
««•
$3,955,783
<k
&
A.
A.
&.
Jc
&.
J.
tl
©.'Farmers' Loan
&
J.
J.
&
&
&
F.
<fc
A.
J.
i«-
!«• A.
6
6
A
&
A
A
A
A
A
J.
J.
J.
J.
Apr.
J.
do
do
do
do
do
do
do
do
N. Y., Third Nat. Bank.
F. &. A. Pittsburg,
J.
Oct.
do
1,
1,
1940
1942
do
Various dates.
Oct. 1, 1923
O. N. Y., Cent. Trust Co.
July , 1898
J. Baltimore, B. A O. RR.
J. Lond'n„r. 8. Morgan ACo Jan. 1, 192«
Feb. 1, 1926
New York Agency.
A.
N. Y., Winslow, L. A Co. Apr. 6, 1802
J=
5,160,000
2,000,000
1,440,000
4,000,000
2,000,000
2,000,000
4,000,000
2,250,000
900,000
600.000
,
& Tr. Co.
do
do
O.
per an.
per an.
7
Various
7
Various
7
A. & O.
S.y.-iO.OOO
Moh. 21 ,1892
1893 A 1896
Nov ., 1904
Nov .. 1904
Deo 1906
Oct. 1, 1932
July 1, 1898
Oct. 1, 1906
July 1, 1910
Feb. 1, 1898
Jan. 1, 1914
Aug. 1, 1900
Apr.
July
July
July
Jnly
Feb.
Jan.
Jan.
Jan.
Co.'s Office.
J.
do
do
.T.
do
do
O. N. Y., Security A Tr. Co.
J. N. Y., Union Trust Co.
July
July
July
J.
do
do
J. Pittsb'g, Fidelity Tr.Co.
•i,
1,
1,
1,
1,
2,
1,
1,
1,
1,
1,
1,
1892
1912
1912
1912
1922
1892
1928
1928
1892
1933
1984
1918
INCOME ACCOUNT.
Receipts—
1890.
1891.
Net earnings, including other income
$3,991,889
Net earnings of L. Miami and 6, profits of
St. Louis Vandalia A Terre Haute
387,185
Total
$3,961,946
367,171
$4,379,074
$4,329,117
$2,564,390
Rentals paid
833,655
Car trusts (including interest)
155,412
Interest on L. Miami securities transferred. .
79,444
Di vldends on preferred
Miscellaneous
71,199
$2,358,025
802,053
144,826
79,444
669,574
7,736
—
Disbursements
Interest on )>onds
.
Total
$3,704,100
$4,061,658
Balance, surplus (over dividend in 1891)
$674,974
$267,459
—(V. 52, p. 204, 394, 609, 643, 830; V. 54, p. 407, 561, 587.)
Pittsburg Cleveland Sc ToleAo.— (See Map of Pittsburgh Watera.;— From Newcastle Junction, Pa., to Akron, O., 77 miles. Stock,
$3,000,000 (par $50), of which Baltimore A Ohio Railroad owns $1,505,000. Leased in July, 1884, for 99 years to Pittsburg A Western. The
Baltimore A Ohio guarantees interest on the Pittsburg Cleveland A Toledo l)onds (see terms in V. 39, p. 607.) From Jan. 1 to Nov. 30, 1891,
(11 months), gross earnings were $452,184, against $450,407 in 18i)0;
net, $32,740, against $98,869. In year ending June 30, 1891. gross
earnings, $460,084: net, $55,530; deficit under interest, $98,133. (V.
52, p. 795.1
Pittsburg Sc Connellsville.—Owns from Pittsburg, Pa., to Mb
Savage Junction, Md., 147 miles; branches, 4 miles; leased lines, 23
miles: total, 173 mUes. Leased for 50 years from January 1, 1876 (renewable forever), to the Baltimore A Ohio Railroad, which guarantees
the consolidated mortgage of 1870 and in 1884 issued its bonds for $10,000,000, secured by pledge of the above second consolidated mortgage.
Stock is $1,956,091; par, $50. In year ending Segt. 30, 1891, gross
earnings of Pittsburg division Bait. A O. were $2,880,391; net, $981,796.
Pittsburg Fort
;
;
<lc
M.
4i«g.
4«3K. A.
4'ag.
4<fe5
from
Pittsburg, Penn., to Beochmont, etc., IK mileH, of which part under
Control purchased In 1892 by Pennsylvania RR., and stock increased to $1,000,000 (pur $50) and $1,000,000 forty-year 4 percent
bonds authorized to retire certain old bonds and for additions, etc.
See V. 54, p. 598. Old tirst mortgage 68, due 1902, $320,000; second
mortgage, due 1907, $307,000. V. 54, p. 598.
Plttsbnri: Clnctanatl Oklcago
St. Ijonls.— C5e« Man.)—
Owns Pittsburg, Penn., via Colimibus, O., to Chicago, Til., 504 nilies;
Bendcomb Junction (near Cincinnati) to Anoka Junction, Ind., 166
miles; Logansport, Ind., to Illinois State Line, 60 miles; Bradford
Junction, O., to Indianapolis, Ind., 104 miles Indianapolis to Jefferson
vllle (opposite Louisville, Ky.), 109 miles: branches, 138 miles: total
owned, 1,082 miles. Trackage Lake Erie & Western, Indianapolis to
Kokomo, Ind., 55 miles; Louisville Bridge Co., 2^ miles; terminal
tracks in Columbus and Indianapolis, 1 mile; Cin. Ham. & Dayton RR.,
1^ miles; total trackage, 60 miles. Total system proper, 1,143 miles.
Leases: Chartiers Railway, 23 miles Little Miami and dependencies,
Cincinnati, O., to Spriugfleld, O., 84 miles, and Columbus, O., via Dayton, to Richmond, Ind., 112 miles Pittsburg Wheeling A Kentucky, 28
miles; Cincinnati Street Connecting Railway, 3 miles; Englewood
Connecting Railway in Chicago, 2 miles; otlier lines, 4 miles; also has
ajoint interest with Terre Haute A Indianapolis in the St. Louis Vandalia A Terre Haute, Indiana State Line to East St. Louis, 1 58 miles:
total leased, 415 miles. Grand total, 1,556 miles.
A.
J.
6
5
7
120,000
3,000,000
6,863,000
10,000.000
10,000,000
393,000
576,370
2,400,000
4,000,000
6,567,880
10,000,000
19,714,286
14,374,289
Dividend.
lN.Y.,Farmer8'L'n4Tr.
O. N. Y., Union Trust Co.
do
do
do
do
do
do
do
do
do
do
L.
W. Y., Farm.
& Tr. Co.
do
do
Phlla., Penn. RR. Oflice.
J. N. Y., Nat'l City Bank.
A.iPhlla., Peun. RR. Offlcc.
.
7
7
7
7
!«•
7
7
1,99.5,000
1882
1868
1,000
1876
£200
1885 100 Ac.
100
1871
100
1802 500 &e.
1862 500 &e.
1862 500 &o.
1882
1,000
50
1878
1,000
1889
1,000
50
1884
1882
1,000
1884
1,000
1888
1,000
line
2
223,000
2,631,000
780,000
715,000
1,556,000
552,000
2,480,000
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
lease.
/il(>r:kM—l,tktt
I
$100 $22,383,600
YonRblosbeny.—Operates
ic
Bonrf«— Prindpnl.When Due.
OR DIVIDENDS.
INTEREflT
Size, or
Bate per When Where Payable, and by
Road. Bonds Value. Outstanding Cent.
wiiom.
Payable!
o
Hollulay'R Cove Railroad Ist mortgage
Steub. <£ Ind., Ist mortgage, extended In 1884.
oAr
Pitts. C. &St. L., iBtconsol. mortgage
Pitts. Cin. Ch. & 8t. L. cons.M., Ser. Ajgold.gu.o^
do
Series B
do
1,082
do
do
Series
5
Date
Wayne &
Cliicago.-Owns from
Pittsburg,
Pa., to Chicago, m., and branch, 470 miles. Foreclosed Oct. 24, 1861, and
reorganized under this title Feb. 26, 1802. From July 1, 1869, the company leased all its road in peri>etulty to the Penn. RR. at a rental equivalent to interest, sinking fund of debt and 7 per cent on .$19,714,286
stock, which was increased at that time from $11,500,000. The leesees keep the road in repair and also pay taxes, expenses. «o.
The rental and interest charge is about $3,146,053 per year, and the
profit to lessees has been large. The road is now operated by the
Pennsylvania Company. The Pittsburg Fort Wayne A Chicago lease*
the Newcastle A Beaver Valley, 15 miles, and the Massillon A Cleveland RR., 12 miles, both operated by the Pennsylvania RR.
The first mortgage bonds are in six series, lettered A to F inclusive, of
$875,000 each series, the interest on "A" series being paya hie January
and July; on "B," February and August; on "C,'' March and
September; on "D," April and October; on "E," May and
November, and on "F," June A December. The second mortgage is
also In six series of $860,000 each, lettered Q to M inclusive (J omitted),
and the interest Is payable January and July on "G" series February
and August on *'H" March aud September on "I" April and October
on "K"; May and November on "L," and Jime and December on
"M." Lessee pays $104,100 yearly to sinking fund, and if bonds
cannot be purchased, funds accumulate. Of the above 1st mortgage
bonds, $1,996,000, and of the second mortgage $2,411,000, and $1,707,316 oasli, were held in tlie sinking funds January 1. 1892. The special
Improvement stock is issued to Pennsylvania RR. for improvements,
Ac., under article 16 of lease, which provides that the lessor may issue
special bonds or stock. See V. 50, p. 139. Of tills stock the Pennsylvania
RR. Co. on January 1, 1892, owned $1,472,512, and the Peun. Co.,
;
;
;
$7,382,045.
In 1891 gross earnings wore $11,659,144; net, $4,178,560; profit
to lessee, $946,138. In 1890 gross, $12,020,934; net, $4,061,100;
profit to lessee, $915,047. (V. 50, p. 139, 734; V. 52, p. 498, 938.)
Pittsburg Junction.—Owns 8 miles of tracks (including sidings,
Ac.) at Pittsburg, Penn., connecting the Bait. A Ohio and the Pittsburg
Western, which cou.panles in 1882 agreed to pay the Pittsburg
Junction $2 for each car passing over its road. In 1889-90 gross earns.
$218,461; net, $1.58,016; surplus over charges and dividend on preferred
stock $14,128. Conm,.)n stock is $900,00o; preferred, $480,000; par
$50. Dividends of 7 per cent have been paid on preferred stock.^jaim
A
Lake Erie.—Owns
from Pittsburg, Pa., to Youngsbranch line to Newcastle, Pa 3 miles total owned,
the Pittsburg McKecsport A Yoiighiogheny BE.,
McKeosport to Bellevemon,
Pittsburg to New Haven, Pa., 57 miles
28 miles; with branches, 8 miles; total operated, 164 miles. Operated in the interest of Lake Shore A Miclilgan Southern, which owns
$2,000,050 stock. Dividends 1884 to February, 1892, inclusive, 6 per
cent vearly. In 1892 $1,000,000 second mortgage 5s were sold for
double tracking, Ac. In calendar year 1891 gross earnings (Inolnding
Pittsburg MolCeesport A Youghlogheny), $3,757,207; net, $926,830;
interest, $203,362; rental to Pittsb. MoK. A T., $469,027; one-baU
Pittsburg
^k
town, O., 08 miles
71 miles; leases
,
;
;
;
110
INVESTOES' SUPPLEMENT.
[Vol. lit.
.
Mat.
KAILROAD STOCKS AND BONDS.
t893.J
Ill
confer a ereat favor by Klvinx Immediate notice of anr error discovered In (hea« Tables.
£ond«— Prlnot'
IMTKR£ST OR DiVID£MD8.
„„^, Date Size, or
Amount Rate per' When Where Payable, and by pa^WhenDo*.
of
Par
For explanation of ooliinin headings, &o., see notes of
Stoekt—hmX
Outstanding
Road. Bonds Value,
Cent. 'Payable
Wliom
on ftrnt iiago of tables.
Dividend.
Sabneribera
%vlll
HAILROADB.
,
i
I'aliicei^illetf- Fa irporl—l»t M., sold, Int. eu.C*
West.
Tcriiiiniil iiioit., luterc'st guar. I)y I'ittHl).
Pills. Shenimyo (f Lake Krie.—IM M., gold
o'
MiirtKage mi Erie Tenuiuals for $1.')0,0()0
Pitlshuif/ Viryiii ia i£ < h(iilrsUin—\»X inortKage, gold
PiUsbiii-i/.t II «•<,(<;•»— 1st M., IMttH. Newca-stleAL. E.
ntlsb.
&
iBt luDrtgage for $10,000,000, uold
c
2d iiiort>;iiKi' for *;!.r)00,0()0, gold
c*
Foxtiurg Hrldgti Co. Ist mortgage, guaranteed...
Pillsbury Youngatowii rf Ashtabida Common stock
—
Preferred stock
Lawreuce Kailroad 1st mortgage
&
ARhta;>iiIu
Plltsliurg 1st
mortgage
c*
Consol. mort. (for $4,000,000) a. f. 1 p. c., not dr.o
Pottliae Ojford iC yorthern.
Pt. Jrnis iUiiilirrlUi « A'. 1'.— 1st M.,g(ifll0,000 p.m.)
PoWW«' <((.!. 1 i(7/i.'(.— 1st M. and yd M. .end. byCen.Ga.
—
General iiiortgii>;e income bonds, gold
c*
Fori ltnal,< Wesl ('((/•odiia— Augusta & Knox. M.c*
0*
Consolidated mortgage, redeemable at 110
Porlltnul <c 0(/'/<«»/).— Ist M., g., int. guar. M. Cent c
Consol. mort.. $20,000 p. m.,guar. (Maine Cent.).
Porlaiul
K«cAes/rr—Stock ($(iOO,()00)
Portland Saeo Forlsmoulh—Htnek (guar, by rental)
Portlands Willamelle r«(.— 1st M., g., red.at 10.5.0*
Portsmouth it />ocf/'— Stock, (> p. c. guar. East. Mass.
Potomac Valley— l»t M. $2,000,000, gold,guar..c*&r
Prescott
ArUotia Centrai—\st M., gold, sink, fd.o
2d mortgage, incomes
<f:
t
(ft
63
143
4
70
226
226
1886 $1,000
1889
1,000
1890
1,000
1892
1882
i.obo
1878 500 &c.
1887
1,000
1891
1,000
1882
"50
124
124
17
62
125
100
112
112
68
229
60
108
53
51
30
11
15
73
73
$1,000,000
250,000
2,800,000
(1)
3,000,000
219,000
9,700,000
2,000,000
100,000
i,;t:i3,342
50
1,700,000
1865
1878
1887
1,000
1,000
1,000
310,000
1,500,000
100
1,000,000
1887
1,000
78-'82
l„5(i2,000
364,000
362,000
500
1878 100 &c.
1880
500
1887
1,000
1870 500 Ac.
1888
1,000
100
100
1886
1,000
100
1891
1,000
1886
1,000
1886
1,000
profit on Pittsburg McK. A Y. paid to Lake Shore A Michigan Southern,
|6.831; dividends, $240,000; surplus, .$7,620. In 1890 gross, $4,010,587: not, $947,889. John Newell, President, Chicago, 111. (V. 50, p.
72. 174; V. 52, p. 679, 974; V. 54, p. 641.)
1,5(K),000
630.000
1,870,000
800,000
1,008,000
592,070
1,500,000
\
%'
N. Y., Mercantile Tr. Co. July 1, 191ff
do
do
July, 1916
Oct. 1, 1940
N. Y., fJcntral Trust Co.
New
York.
A.
Sept. 1,
1912
J.
June
1,
1,
1,
ISeS-
1,
1927
1899
1899
.1.
.1.
I
I
i
400,000
769,000 6 per an. J.
500,000
6g. ;j.
775,000
6 g. J.
775,000
6
J.
Port Royal
Sc
1942
I
A O. Phlladeliihia, I'enn. RR.
A D. 'AUeghcny,Pa.,l»tN.Bk.
A |N. Y:, Drexel, M. ACo.
M A N.
do
do
I'- M. A B. N. Y., Union Trust Co.
3
|N. Y., Farm. L. ATr. Co.l
do
do
3Hl Mi AB.
7
V. A A. N. Y., Winslow, L. A Co.
6
F. A A. IPhlla.. Fidelity Tr. Co.
S
M. A N. N. Y., Farm. L. ATr. Co.
A D. New York Agency.
A J. N. Y. Security A Tr. Co.
6
do
do
A J.
7
A J. N. Y. Security A Tr. Co.
6
A N. N. Y., Mer. Nat. Bank.
A J. Portland. Me.,Ccnt. RR.
%'
A N. Boston, Nat. Revere Bk.
3
A J. BoBt.,BkRedempt.Port.
Boston, B. & M.
6 per an. J A J.
7 g. :j. A J. N.Y.,Farm.L. ATr.Co.
5
7
1917
May
1941
Bept. 1, 1902
Mch.25,1892
Mch. 25,1892
Aug. 1, 1895
Aug. 1, 1909Nov. 1, 1927
July
Deo.
1898
A
Jan.
1,
1,
1,
1,
1,
19001937"
May
July
190a
Nov.
1908
Jan. 15, 1892
July
Jan. 15, 1892-:
Jan. 1, 1906
Portsmouth, Treasurer. Jan.
A
A
J.
J.
do
Aucuata.—Owns from
do
Port Royal,
1,
189»
Jan. 1, 1941
Jan. 2, 1916'
Jan. 2, 1916
Baltimore.
SN.Y., Atlantic Tr. Co.
S.
C,
to
An^sV
ta, Ga., 112 miles. Formerly Port Royal RR., sold in foreclosure June
6, 1878. The (Jeorgla RR. was endorser on $.500,000 of the old bonds.
The stock is $7.50,000, par $100, and In June, 1881, Central GeorgiaPIttMbiirK nicKeesport & Youaliloglieny.—Owns from Pitts- obtained control of tlie company. The first mortgage bonds are $250,burg to New Haven. Pa., 57 miles; McKeesporttoBellevernon,28 miles; (XK), redeemalile at 105 both firsts and seconds also have sinking fimds.
branches, 8 uillca total, 93 miles. Road ojiened November, 1883, and In year ending June 30,1891, gross earnings were $364,707; net,
73,975 surplus over interest and sinking fund, $36,215, against
leased to Pittsburg &. Lake Erie Railroad for 999 years. Rental is 6
per cent on tlie stock, principal and interest of tlie Pittsburg McK. A f 2,630 In 1889-90.
Vougli. bonds being guaranteed by Pittsburg & Lake Erie and Lake
Port Royal Sc Western Carolina.—Owns Augusta, Ga., to
Shore A Miciilgaii Southern companies, the guarantees !>eing endorsed on Spartanburg, S. C., Laurens to Greenville, S. C, and McCornilck to
the share certltlcates and bonds. Profits to lessees in 1891, $13,643, of Anderson, S. C, 229 miles. A consolidation in 1886 of the Augusta
which one-lialf was payable to the Lake Shore A Michigan Southern. A Knoxville. Ac. Common stock of $1,234,000 and 6 per cent non—(V. 52, p. 126.)
cumulative preferred stock .$184,(V)0— par of shares $1()0. Tlie mortPlttKbiirj^ PalnesTlIIe &. Falrport.— Owns from Fairport, O., gage is for $2,500,000, Central RR. of Georgia owns $1 ,578,000 of theto Youngstown, O., 63 miles. Operated at cost by Pittsburg A Western, above bonds, $694,000 common stock and all the preferred. In year
but interest of bonds is guaranteed. CoTumon stock, $800,000; i>re- emllng June 30, 1891, gross earnings, $428,426, against $380,291 in
ferred, $250,000; par, $50. From Jan. 1 to Nov. 30, 1691 (11 months), 1889-90; net over expenses, bettenncnts and taxes, $7,155, against
gross earnings were $284,798, again.st $269,184 in 1890; net, $8,811, $9,703; fixed charges. $156,300. The earnings of the road are emagainst $.'i."),988.
In year ending March 31, 1891, gross earn- pleyed in Improving the property.
ings, $203,.'>78; net, $<il,440; deficit under charges, $4,978, against
Port Reading.—This ooiiipany was organized in November, 1890,
surplus of $36,143 In 1889-90. (V. 52, p. 795.)
In the interest of the Philadelphia A Reatliug RR. to build and operate
PlttHbnrs Sheiiaiigo Sc Lake Erie.— ^5ee Map.) — Owns from 20 miles of road from Bound Brook, N.J. to Staten Island Sound,
Butler, Pa., to Girard, Pa., or Wallace Junction, 107 mhes; branches to where extensive terminals will lie estabiisiied.
Conueaut, etc., 36 miles; to terminals, Eric, Pa., 4 miles; leases Meadville
In February, 1892, in behalf of the Philadelphia A Reading, It le.tsed
A Linosville Railroad, Lincsville to Meadville, 21 miles; trackage, N. Y. the Central RR. of New Jersey, existing laws preventing a lease of the
;
;
;
.
&
10 miles; total o^lC^ated, 178 miles. Reorganized
Pittsburg Butler A ShenAllegheny, Erie Shenango & Pittsliiirg and the
To retire the old lionds of the consolidated lines
and to build tlie ext'insion from Greenville to Girard, on Lake Erie 49
miles, $2,800,000 bonds were issued, $200,000 being reserved for
the con'Dietlon of the line to Conneaut Harbor, a distance of 10 miles.
From Jan. 1 to April 30, 1892 (4 montlis), gross earnings, partly estimated, wore $1 13.814. against .$S3,136 in 1891.
In calendar year 1891 gross earnings were $337,440, against $262,295 In 1890; net. $122,877, against $103,747. Stock, $3,000,000; par
$50.-(V. 52, p.81,322, 718,832; V. 53, p. 969; V. 54, p. 120, 526, 598.!
Chic.
8t. L., to Erie,
Central directly to the Reaillug.
in October, 1890, after consolidation witli the
ango, tlie Slienaugo
Nortlieasteru Oliio.
See Centi-al of
New Jersey.
(V. 54,.
p. 762.)
&
Portland &. Ogdensburg.—Owns Portland, Me., to Scotts Mills,
108 miles. In June, 1886, after foreclosure this company was reorganized as the Portland & Ogdensbiirg HaWway. The citv of Portland owns
$2,200,500 and the Boston A Maine $395,200 of tlie i<14,237.036 stock
(par, $100). Leased from August 30, 1888 for 999 years to Maine Central for interest on bonds and 1 per cent on stock tiU August 30, 1891,
and 2 per cent thereafter. The consolidated mortgage (Boston Safe Deposit & Trast Company, trustee) was issued in 1888 to extend the road
to a connection with the St. Johnsbury A Lake Champlain, $800,000
being reserved to pay off first mortgjige, and bonds being guaranteed,
principal and interest, by Maine Central.— (V. 47, p. 50, 161, 278.)
Pltt«biire Sc WeBterii.—Owns from Alleghany City, Pa., to New
Castle. Pa., 64 miles; Gallery Juiictiou to Mount Jewett, 139 miles,
(of whicli 124 miles narrow gauge) branches, 9 miles; total owned, 212
miles. Leases for 99 years Pittsburg Cleveland A Toledo, New Castle
Junction, Pa., to Valley Junction, O., 77 miles, and tlie Pittsburg
PainesvUle A Fairport Railroad, Niles to Fairport, in Ohio, 54 miles,
and Windsor branch, 9 miles; and uses 26 miles of Cleveland Akron
A Coliiuil)Us Aki-on, O., to Orviile, O. ; also owns entire stock of Trumbull A Mahoning Railroad, Hazieton to Niles, O., 15 miles; and of Pittsburg Northern, 4 miles; total operated, 398 miles.
Bold in foreclosure June 8, 1887; new company organized June 25 aooording to plan in Cubonicle, V. 44, p. 370. I n February, 1891, the
Baltimore A Ohio bought $6,050,000 common stock, and since the
completion of its Akron A Chicago Junction line has used the road
as part of a tlirough route to Chicago. The Baltimore A Ohio assumed
$1,250,000 of floating debt and will fund the same into second mortgage bonds, of which .$3,500,000 have been authorized for double-
Portland Sc Rooliestcr.-Owns from Portland, Me, to Rochester,
N. H., .53 miles. By a settlement in 1881 aU the old stock and bonds
were converted into tlie stock of the new company, of which the Bosfxin
A Maine owns .$482,000. In 9 mos. ending June 30, 1891, gross earnings, $171,445; net, $30,661
;
Portland Saco Sc Portsmontta.—Portland, Me., to Fortsmoutti,.
N. H., 51 miles. It was leased May 4. 1871, in perpetuity to the Eastern
Railroad, Mass. (now merged in Boston A Maine), at 10 per cent on
stock. Lease rental changed May 21, 1877, and now 6 per cent
;
Portland ic Willamette Valley.— Line of road from Portland,.
Dundee, 28 miles, and branches 3 miles, all narrow gauge.
Connects with Oregon Railroad, with which It li.os a freight contract for
15 years. After Jan. 1, 1891, operated by Southern Pacific for account
of owners. Bonds payable at 105. Stock, $150,000. Current liabilities
Uen on the company's July 1, 1890, $394,435. In year 1891 gross earnings were $111,234;.
Ore., to
tracking, etc. This second mortgage is a first
property in Ohio. See V. 52. p. 238. 499, 762.
net, $21,417.
Stock, common, $7,000,000, and preferred, $5,000,000, 5 per cent
Portsmouth Sc DoTcr.-Portsmouth, N. H., to Dover, N. H., 10'
non-cumulative; both in $50 shares.
For abstract of first mortgage
(trustee, Mercantile Trust Company) see V. 45, p. 439. Leased lines miles. Opened February 1. 1874, and leased for fifty years to Eastern
New Hampshire at 6 per cent per annum on the stock. Operated now
are ojwrated at cost and interest on lionds advanced if necessary.
In addition to the aliove iiidcl)te<luess there were outstanding Febru- by Boston A Maine. Frank Jones, President, Portsmouth, N. H.
ary 28, 1890. $81,000 of old Pittsburg A Western first mortgage bonds,
Potomac Valley.—This company, controlled by the Western Marydue 1900, real ewtate mortgages for $188,500; car trusts, $427,682.
Guarantees interest on $1,250,000 FaiuesvlUo A Fairport bonds (see Ian 1, was organized in 1890 to build couneetiinr links between that sys
tem an<l tlie Baltimore A Ohio and Philadoliiliia A Reading. Its road
that company).
was be completed from Williamsport, Pa., to Clierry Run, W. Va., on the
From Jan. 1 to Nov. 30, 1891 (11 months), gross earnings on entire B.
A O., 15 miles, in May. 1892. Tlie property is leased to the Western
83»»ciii were $2,092,302, against $2,077,289 in 1890 net, $379,372,
i
Maryland,
and the bonds have principal apd interest guaranteed.
agHlnst $()95,442.
For year ending March 31, 1891, gross earnings of the three roads, Jointly and severally, by the Western Maryland RR. Co. and the Baltimore
Harrisbiirg
A
RK. Co., and are so endorsed. They are also sewere $2'.a07,015 ; lu^t, $71 8,!579 surplus over charges, $30,744, against
cured by trafile contracts with these companies. (V. 52, p. 121.)
$197,848 In 1889-90. (V. 52, p. 238, 280, 499. 762, 795, 796.)
Prescott dc Arizona Central.— Owns from Seligman, on the
PIttaburK Yoiinsatoivn Sc .iMlitabula.—Owns Kenwood, Pa.,
to Ashtabula Harbor, O.. 99 miles; Niles to Alliance Junction, O., 25 Atlantic A Pacific Railroad, to Prescott, Arizona, 73 iniles. Stock,
miles; Canaeld Br.-.nch, 1 mHe; trackage, 3 miles; total operated, 128 $1,200,000. Central Trust Conjpany of Nev York is mortgage tnistee.
miles. A consolidation of tlie Ashtabula A Pittsburg and oilier roads in Five per cent of net earnings each year accumulates as a sinking fund;
1887. Leased from December 12, 18S7, to Pennsylvania <:nmimnu. lionds purchased, not drawn, at 110. Application to New York Stock
rental being net earnings, .stock aiuliorizcd— Cominoii. $2.0(10.000, and Exchange was given in full in CiiRONIci.K, V. 48, p. 223.
From
preferred, $2,000,000 l)otli In $50 siiares. Ui videiids on iircfiiied stock January 1 to Marcli 31, 1892 (3 mouths), gross earnings were $23,140,
at rate of 7 per cent yearly since 1887; on eoiiiuioii, in .-iciitemlicr, against $23,189; net, $7,748, .against deficit. .$94.
In 1891 gross
1890, 2i2 per cent; in September, 1891, 3 per cent; in 1892, March, 3. eainint's were $139,443; net, $62,406, against $82,269 in 1890. Office.
Bonds of 1887 (trustee. Fanners' Loan A Trust Company) are reserved 42 Wall Street.
to retire divisional lionds. A sinking fund of 1 per cent purchases
Prospect Park
Coney Island.^Owns from 9th Avenue and
bonds of 18S7 at par otlietjvise payments lap.se.
20tli Street, Brooklyn, to Coney Island, etc., 6 miles.
Ianiscs to Coney
Prom January 1 to April 80, 1892 (4 months), gross caniings were Isbiiid Point, etc., 2ii> miles other. 1 mile; trackage, Parkvllle to Bay
$389,679, against .$241,327 in 1891; net, $139.6(8, against $67,973 Uidge, 3^2 miles; total operated, 13 miles. Stock is $2.50,000) par,
In 1889-90. In 1891 gross earnings, $1,290,416; net, .$484,875; interest $100. In addition t<i bonds as above there are .$250, OOO non-einnon bonds, $189,800; otiier ohaiKcs, $2(!,131 dividends (3 per cent on nlative 6 per cent incomes due May 1, 1920, which are not secured by
common, 7 on preferred), $158,832; balance, $110,111.
mortgage. The company sold its horse-oar projwrty and franchises.
;
.
.
.
,
;
;
&
;
;
;
I
INVESTORS' SUPPLEMENT.
119
3kiamQr«
Little Valley c
iSlncUlr V.
idolpfa
iautauqua
_
^
J^Vralponer
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Jc.
^wanviUe
Tl
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q jacksona'
JC.
JGirard
9 I/K^pDCS
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Cranoville
^l.e|
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porcy
oXunclvslAne
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y Albion
Irvlneton
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1 09
Ashtabula
J
.
Q&rlan^
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3 SptUiglJoro
^is.V
s
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conneautTillo
/$'
iOentroTlUe
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K Clarendon
KTlona
v.*.
VandergTlftd
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iJritaarUle
^
m
a>
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hOocliranton
lonesU
I*
Jamestown ^
v^TJUoa
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fellloftsTjIleVV
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PITTSBUEG, SHENANGO
i^ ABrtnk«K
^""'
Butler
_
J
fXonail
Sempleejl
\
Jo5>^^^v. /H^^y^
^
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;;
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...
Hat,
KAILROAD STOCKS Am> BONDS.
1893.]
Subscribers
nrlll
confer a great favor
KAILROAUB.
&c., see notes
JPronpic! Park it Coney 7«(and.— l8tmortgage.o*&r
2(1 nioi-tgaKe for $500,000
o*&r
o'lir
3(1 nioitgiigo for $200,000 gold
Proputtncc it Sprinj/f.—lntil. (end. by CltyProv.)e*
Provide ace .r Worcestet^Stoek (10 per cent rental)
1st mortgage
c*
Quinc!/ Oiniiha db Kaiims Vihj Pref. Ist mortgage.
—
Irtt iiiorl;;age
.^lH;/HSta— 1st mortgage, funding
o*
if OasloH— 1st mortgage
c
E(iuipmeut bonds, Scrie.'< A & B
Seuding it votumbia—lat mortgage (extended).. o*
2d mortgage, coupon (extended in 1884)
c
Debcutiues
c
Lancaiiiter & Beading Ist mortgage
c*
BensDcluer * Sara.— Stock, Sp.o.guar.Del.iHud. Can
Ist mortgage, consolidated
0*&r
Bichmoinl /)«;OiiWc— C'ou.M.,Kicli.to Danv.cSibrs..g
cumulative.
Debenture mortgage bonds, Income
C'onsol. M. g. ($1.'),000 p.m.)$or * ($14,500,000)0*
Raleiyli
<f-
Saleigh
il:
Equipment Trust bonds, gold, 8.f.,siil)J.
immediate notice of any error discovered In these Tables.
i(o»i(/»— Prini*mXERJiST OH DIVIDENDS.
Dat« Size, or
pal.When Due.
Amount
bi^ gtvtntc
Miles
#or explanation of column headings,
on tirst page of tables.
113
of
of
Par
Road. Bonds Value.
10
10
10
23
51
51
134
134
98
97
40
40
15
195
79
152
152
152
to call..c*
E(iuipments.f.l)onds, $2,i 00.000,K.,8Ul).tocall o*
Nortliwcstcm, N. C, 1st M. ($15,000 p. m.) g. gu.c
Richmond Yorlf River <fe Chesapeake, 1st mortg..
2d mortgage, Richmond to West Point, Va
Hiock. giuiranteed
per cent
Wash.Oh.A West. 1st M. guar.,Alcxan.toB. HUl.c
100
38
38
Income mortgage
Oxford & Clarksville 1st M., $15,000 p. m.,gold.c
Danville & West. IstM. for $15,000 p.m., gold..
•50
56
50
70
Mich. Fred. <t Po^—St'k,oom. ($1,071,100 div.oblig.)
Stock, gimr. 7 p. c, except $li).3(IO guar. 6 t>. c.
1874
1886
1891
1872
$1,000
1,000
1,000
1,000
100
1877
1897
1887
188G
1873
1,000
1,000
1,000
1,000
1,000
1862 106 "Ac.
1864
1,000
1877
1,000
1873 100 &c.
100
1871
1,000
1874
1,000
1882
1,000
1886
1,000
1889
1,000
1891
1,000
1888
1,000
1873
1,000
1880
1,000
100
1884
1,000
1884
1887
1,600
1891
1,000
100
TOO
to the Atlantic Horse RR. Co., and holds a 5 per cent l)ond and mort'
of that company for $420,000. In 1890-91 gross earnings were
fage
158,267; net, .$34,019; net including income from rents, $72,864;
Charges, $85,992; deUcit, $13,128. President, Andrew B. Culver, Bklyn.
When Where Payable, and by
Outstanding Bate per Payable
Cent.
Whom.
$500,000
420,000
90,000
500,000
3,500,000
7
e
««
2>a
1,500,000
6
250,000
5
1,489,210
3,4,5
1,000,000
G
1,000,000
8
500,000
5
650,000
5
350,000
5
1,000,000
6
350,000
7
10,000,000 8 per an,
2,000,000
7
5,997,000
6g.
3,041.000
6
3,436,000
1.390.OOO
5 g.
700,000
1,500,000
400,000
500,000
497,500
1,000,000
625,000
750,000
500,000
2,228,200
500.4on
WocAd— Last
Dividend.
& J. Wmsburg IstNat-Bank,
& A.
do
do
& 8.
do
do
J. & J. Providence, Am. Nat.Bk.
Q.-M.
Providence, Olllce.
A. & O, Prov.,R. I. Hosp.&Tr.Co.
J. & D.
J. & D.
F.
Jan.
Feb.
M.
Mcb.
J.
J.
J.
<&
<t
J.
J.
Bemi-an
M. <& S.
&
J. A
J. &
M.
J. i
A. <&
A. &
M. &
M. &
A.
&
6
__. <&
6 per an. J. &
4
F. &
6
M. &
t«5
g- A. &
312 J. &
31^
M. *
J.
tt.
St.
Phlla., PU11.& Read.
do
N. Y., Del.
Oct.
Dec.
Dec.
Mcb.
June
8.
N.
O.
J.
N.
J.
A.
1921
1915
1927
1936
190»
Hay'92-1908
Apr. 1, 1938
Jan. 1, 1894
Nov. 1, 1900
Jan. 2, 1892
Feb. 1, 1924
May, 1924
Nov. 1, 1937
Oct. 1, 193S
Jan. 2, 1892
Mftv 1. 1«»2
1,
1,
1,
Oct. 1,
Sept. 1,
None
N. Y., 4th
O.
do
Pliila. <&
do
N.
Jan.
do
do
do
do
do
do
do
do
do
N.
1912
1904
May
do
do
do
do
do
do
do
do
do
do
1,
1,
Dec. 1, 1917
July 1, 1893
Jan. 2, 1892
& H.Canal Co.
do
1,
1,
1,
Y'rly, $.50,000
BR
do
N. Y., 4th Nat. Bank.
O.
O.
J.
1931
July
1892
Mar. 31, 1892
PhllB..Phll.&Bead. RR,
N.
J.
189&
192e
1897
1917
1917
Balt.A PliU. Meoh.N.Bk.
Jan., 1926
Balt.& Phil. Mech.N.Bk, Jan. 1, 1898
D.
J.
J.
1,
1,
1,
1,
Apr.
paid.
Nat Bank.
do
Richmond.
do
<& North Carolina, 7 miles; High Point Railroad, 28 miles.
Controls by ownership of stock, operating separately: Aslievllle &
Spartanburg, 70 miles; Elberton Air Line, 51 miles; Danville &
Western, (narrow giiuge) 70 miles; other lines, 96 miles total auxilisystem, 2,569 mil(58; total Elchmond & Danville system Marubl,
Providence Sc Sprlngflcld.— Providence, R. I., to Fascoag, 23 ary
1892, 3,32() miles. Also steamship lines reckoned at 200 miles.
miles. Stock is $517,450 (par, $100), a majority of which was ac(iuired
In February, 1887, the Richmoud & Danville stock was mostly exin July, 1890, in interest of the New York & New England, an(l road changed
for TeiTuinal In the proportion of four shares of Terminal for
leased to that company for 99 years from October 1 at 6 per 'tent on one of Richmond
it Danville.
The stock is $3,000,000 (par $100), o(
stock. See V. 51, p. 458. Bonds for $700,000 are to be issued— $500,which $4,976,10018 owned by Riohmond & West Point Terminal, and
000 to retire existing tirst mortgage when duo, and .$200,000 for an ex- pledged under its collateral trust and preferred stock agreements.
tension of 8 miles to East Tiiompson, Coim. They will be gu.irauteed
In March, 1892, security holders were Invited to deposit their bonds,
by the New York & New England RK. and the city of Providence. In under
the Richmoud Termiuai reorganization plan. See the Terminal
year ending Sept. 30, 1890, gross eaniings, $138,036; net, $48,422; sur- Company and V.
54, p. 487.
plus over tixed charges, $14,822. (V. 51, p. 458.)
Dividends since 1876— lu 1881, 5 per cent; in 1882, 7; in 1887, 3; In
Provlde"co
IVorcester.— Owns from Providence, R. I., to 1888, 5; in 1889, 10; in 1890, 10; in 1891, January, 5; July, 5.
The income debenture mortgage bonds have a lien on the property
Worcester, Mass., 44 miles; branches, 7 miles; total operated, 51 miles.
In 1889 leased road to the New Y'ork Providence & Boston for 99 years subject only to the oonsolidateJ mortgage of 1874, and are entitled to
at 10 per cent per annum on the stock. In 1889-90, gross earnings, such interest not exceeding 6 per cent per annum (cumulative) as re$1,523,5:4; total net meome, $612,090; surplus over charges and 10 mains out of the earnings of the company after paying the interest on
the consol 63, the rental of all ijroperties leased by the company at the
per cent dividends, $108,685. (V. 48, p. 829 V. 51, p. 681.)
time the mortgage was made, and its operating aud renewal expenses,
Ctnlney Omalta
Kansas City.—West (Juincy to Trenton, 111., the sum .so to be paid to be determined by the Bo<ard of Directors.
134 miles; trackage (C. B. & Q.), to Quincy, 3 miles. This company is
Of the consolidated mortgage bonds of 1936 $10,720,000 were
successor to tlie (Juincy Missouri & Pacitic sold in foreclosure and reor- reserved
to
retire
consolidated
the
mortgage 6s of 1915
ganized. Default was made on Dec, 1891, coupons. The stock is $1,- and the debentures. The Oxford & Clarkesville Os, due 1937, have
489,240 (par $100). From Jan. 1 to March 31, 1892 (3 mouths), gross principal and interest guaranteed by Richmond & Danville. There are
earnings were $71,696, agaiust $62,519 in 1891; net, $23,194, against $111,000 Clarkesville & North Carolina 6s (M. & N.), guaranteed, due
$20,144. In 1891 gross $262,626 net $85,673, agst. $79,602 in 1890 November, 1937. The Washington Ohio & Western 1st mortgage iionds
as to principal and iuterest by endorsem<>ut; .$100,Raleiyli
Ausnsta,— Owns from Raleigh, N. C, to Hamlet, N. C, are guaranteed
of the $1,250,000 are reserved to take up C'laik County bonds.
98 miles; Hamli-t to Gibson, 10 miles; leases Monoure to Pittsboro, 10 000
In
1890
the
Richmond
& Danville issued $6,000,000 bonds Jointly with
miles; Carmidu to (Jartliagc, 12 miles; total, 130 miles. Formerly
E. Tenn. Va. & Ga. (See East Tenn.) Danville & New Riverbonda
Chatham Railroad; now coutrollcd by Raleigh & Gastou (which owus the
tor .$1,052,000 are guaranteed, .$532,000 of which are owned by R. A D.
most of the stock aud bonds) and so by Seaboard & Roanoke. Stock is
The floating delit was increased largely lor advances to roads in the
873,000; par, $100. In year ending June 30, 1891, gross earnings. system,
and in
1892, a syndicate was formed to raise .ibout
t317,113; net, $99,014; surplus (including other receipts) over fixed $6,000,000 and January,
to i)ay off this debt. The notes takeu by the syn lleate
charges, $38,369.
mature Juue 1, 1892, aud are endorsed by the Terminal Company .Ralelgli
Gaston.—Owns from Raleigh to Weldon, N. C, 98 raUes (V. 54, p. 79.)
From July 1, 1891, to March 31, 1892 (9 months), gross earnings were
and Louisburg branch, 10 miles. Controls Raleigh & Augusta BR., 108
miles, and has largo interest in Durham & Northern RR., Durham to $10,474,216, against $10,612,983 in 1890-91
net $4,040,070 against
Henderson, N. C, 42 miles; and with Seaboard & Roanoke controls $3,750,438; fixed charges. $3,527,151, against $3,316,874; balance
Carolina Central; al.so controls Georgia Carolina & Northern aud surplus, $513,819, agaiust $433,564. See V. 54, p. 762.
Year ends June 30. Report for year 1890-91 was given at much
)ointiy guarantees the bosds. Seaboard & Roanoke owns $742,200 of
the Raleigh & Gaston $1,500,000 stock par, $100. Semi-annual divi- length In Chronicle, V. 53, p. 837, &c. The President's rei>ort and
tables
accompanying it and the General Manager's report were very
dends are paid at National Farmers' & Planters' Bank, Baltimore, April
1 and Oct. 1. Dividends in 1889 and 1890, 6 in 1891, 6 per cent. The full, and reference should be made to them. The net surplus of Riohequipment bonds were Issued Jointly with the Seaboard & Roanoke to mond & Danville proper above fixed charges was $1,212,403; surplus
onotherroadsoftlie system, except Georgia Pacifle, $111,707; deUolt
e(iuip the Georgia Carolina & Northern.
In year ending June 30, 1891, gross earnings were $534,634; net, on Georgia PaoiHc, including improvements and betterments, $1,509,218,403; income other sources, $47,258: Interest paid, $80,000; 531; result on whole system a delleit of $185,421. The (ollowlng
figures are for the 751 miles of the R. & D. system proper:
fividends (6 per cent) $90,000 surplus, $91,560. (V. 52, p. 530.)
1890.
1801.
Readlns Sc Columbia.—Owns from Columbia to Sinking Springe, Gross eam'gs, includ. Interest inve8tm't8.$5,600,'712
on
$5,947,35g»
Pa., 39 miU s branches, 13 miles Lancaster & Reading RR., leased, 15
Operating expenses
3,111,451
3,009,73a
miles operates ."Marietta .luuction to Chickies,
miles total operated,
74 miles. Stock, $958,268 par, $30. The road is controUed aud oper,
Net earnings
$2,489,261
$2,937,622
ated by the Philadelphia & Reading (which liolds the above debentures).
1,738,397
1,725,218
but accouuts kept separate. In year ending June 30, 1890, gi'oss earn- Fixed charges, sinking funds and taxes
ings were $315,322; net, $84,8.53; interest, reutals and taxes, $137,
Surplus
$750,863
$1,212,403
987 deticit, .$53,133. TotaldeUoit to July 1, 1890, $1,177,360.
(V.
p. 172, 908; V. 52, p. 163, 204, 351, 390; V. 53, p. 59, 408.
Rensselaer Sc. Saratoga.—Owns Troy to Bailston N. Y., 26 miles; 711, 51,
817, 834, 837; V. 54, p. 79, 120, 762.)
Whitehall, N. Y., to Vermont Une, 7 miles Eagle Bridge to Rutland,
Vt., 62 miles; Saratoga to \N'hitehalI, 39 miles; branch, 3 mUes tot.al
Richmond Fredericksburg Sc Potomac—Owns from Elob
owned, 137 miles. Leases: Albany to Waterford Junction, 12 mUes; mond, Va., to CJuantico, 79 miles; James Blver liranoh, 3 miles; leases
CJuantico to Junction, 2 miles. There are $83,363 7 per cent debt cerUSaratoga to Schenect;idy, 22 miles Fort Edward to Caldwell, 14 miles
other branches, 10 miles; total leased, 58 miles; total operated, 195 tfcatcs due July, 1899, and $33,512 3 percent eertltieates due in 1901
miles. Leased In perpetuity March 1, 1871, to the Delaware & Hudson and 1902. In December, 1889. the consolidated mortgage for $2,000,000
I anal Company, which owus $1 ,600,000 stock rental, 8 per cent on the was authorized to provide for prior bomls maturing, for extensions,
stock and iuterest on the bonds. Stock autliorlzed, $10,000,000.
double-track, .Sie. Dividends of 7 per cent paid on common stock ana
For nine months ending March 31 1892, deticit after payment of in- (IH-idend obligations In 1888 and 1889 in 1890, 6>2 per cent; in 1891,
irest, rentals and taxes was $34,129, against $73,797 In 1891. V. 54, 7 per cent; in 1892, Jan.,3>«. lu vear ending June 30, 1891, gross
earnings were $7.56,152; net, $293,393; surplus over interest an(i
For the year ending June 30, 1891, gross receipts were $2,.572.192, guaranteed dividends, $52,084, acainst surplus of $45,373 in 1890..
"gainst $2,629,546 in 1889-90; net, $963,877, against $1,127,563
(V. 49, p. 826; V. 50, p. 312, 520, 904; V. 52, p. 39; V. 53, p. 763a
deficit under charges, $136,204, against surplus of $63,404 in 1889-90.
Richmond Nlcholasvllle Irvine dc Reattjrville.—Line of
(V. 52, p. 280, 702 ;,V. 53, p. 224, 568, 714; V. 54, j). 280, 800.)
road— Versailles, Ky., to Beattyvllle at the Three Forks of the Kentiioky
Richmond tc Danville.— r/See Map Richmond <* Wesl Point Ter- Biver, 97 miles, of which 62 miles are completed aud In operation and
minal.)— The main line owned is from Riclunond, Va., to Danville, Va., the remainder was under construction. In March. 1890, stockholders of
140 miles, with branches. Including the Piedmont Railroad. &c., 80 the Louisville N. Albany & Chicago voted to r^oct an agreement that!
miles; Richmond York River ct Chesapeake RR., 39 mites; North had been made to guarantee this company's bonds.
In Dec., 1891„
Carolina RR., 223 miles
Atlanta & Charlotte Air Line Railway, 269 John McLeod was appointed receiver. The claims against the commiles total systeui proper 751 miles. Operaling leases Northwestern pany are said to be not excccdiug $500,000 and the bonded debt a&
North Carolina, 100 miles Virginia Midland Railway, 408 miles Wash- shown In the table. Stock authorized, $2,425,000; par, $100. (Vy
ington Ohio & Western RR, 50 miles; Western ."VortU Carolina BK., 309 50, p. 484, 770; V.51,p.609; V. 53, p. 846.)
miles Charlotte Columbia & Augusta RR. aud leased lines, 363 miles
Richmond ic Petersburg-.-Owns from Riohmond to PetcrslMirgj.
Columbia & Grecnvilio RB., leased lines anu branches, 296 miles
Va., 23 mll(;s. James River branch, 4 miles. The consolidated mort>
Riohmond & Mecklenburg BR., 31 miles Georgia Pacitic Railway, 567 gage of 1890 provides
for outstanding obligations, double-traokinB, 4o,
tnUes; btatosville & Western, 20 miles; Oxford & Henderson, 13 miles,
Dividends since 1883— In 1884. 1885 ami 1886. 5 per cent; in 1887.
Oxlord <k ClarksvUle, 50 miles; Northeastern RB. of Georgia, 40 miles; 6; in 1888, 1889, 1 flOO and 1801
1892, Jan'iary. 3is.
r^^^Tl
Clarksville
;
&
;
&
;
&
&
;
;
;
;
;
;
;
;
;
;
;
;
;
:
;
,
—
:
;
:
;
;
;
;
'
I
114
INVESTORS'
SUPPLEMENT.
[Vou Lrv.
.
.
:
Mat,
. ..
:
KAILROAD STOCKS AND BONDS.
1893. J
Subscribers
nrfll
confer a great faror
RAILROADS.
CV>r explanation of coluian licudlogR,
on llrst page of tuhles.
see notes
Sio.,
<« rotmnnc— Concluded.
Convert. liondB,$r2iMr)0 5«,iluo 1901, (!«&7«.1H05
.'ik, pay. J <Sc J Ui London)
IxuulB
are
Coup.
(.•J14 8,087
o*&r
Connol. iiioitjfage for $L',0()O,(K)0, gold
0'
Mortgage,
gold
1st
Rich. Nichot. In. d: J<.—
kIvIiik
bjr
tt
Petct'ghurff—^tnck
CouHolidated iiiortKaxo (*ri(),000 are 7»)
.o*
Cou.iolidatL-d niortgaKH for $1 ,000,000, gold.
Slchmond J Wesl foinl Terminal It. it W. t'o.— Stock
Pref. .Ip. c. »tk.,(Miniulativ(', sulijcct to call at 110
Collat. trust bonds, gold, sulijcct to call at 10.5. ..
Consol. collat. trust.gold, BuUjectto call at lOO.o*
.
.
.Rio (trande Jkhc/Zou— fetock
o*
Ist mortgage, gold, guar. Jointly
iRio Ornnde. .SVjhWi<;ii— Stock, $2.5,000 per mile
o*4r
l8t Mortgage, $'.iri,000 per mile, gold
Preferred stock
/Bio Orandc llVs^crji
0*
Ist trust mortgage, gold
Roanoke t£ Sontherit Stock
1st Mortgage, goM, $15,000 p. m., guar. p. & 1...C*
—
—
Roch. It (,y/iMce r«/.— 8tock.6%rentalN.Y.L.E.«fcW.
'Bock JsUtnd i£ Peoria Stock
—
r
Ist mortgage
r
Consolidated 1st mortgage
.Borne Walerlown a O(/rff)i»0i(»'(7— Stock .5 p. o. guar.
Ist M., Wat. & R.,Rome to Cape Vln.,s.f.,not dr'n.o*
Consolidated mortgage <Sec remarks)
Syracuse Nortlu^rn l.st mortgage (gold)
Oswego & Rome— 1st mortgage, guar
2a mortgage, gold, guaranteed by R. W.
o.
o*
&
O.c*
lis
Immediate notice of any error dlscorered In these Tables.
B»»«/»— PrlndINTEREST OR DIVIDENDS.
Slue,
paI,WlieQ
Miles Date
or
Amount Rate per Wlion Where Payable, and by
of
of
Par
Wbom.
Road. Bonds Value. Outstanding Ceni Payable
Richmond Frederirkxbnrg
Michmond
1
:
1856
$144,520
349,687
58&70
79
"23
23
27
62
62
172
172
iii
122
122
18
113
91
113
"97
409
45
28
28
1890
1889
$1,000
1,000
100
5,6,7
5g.
J.
&6
1,000,000
3'i
g.
1875 500 Ac.
380,000
6A7
1890
1,000
300,000
4'8«.
100 70,000,000
2>3
100
5,000,000
5,.5O0,O0O
1887
1,000
6 g.
1,000
11,06.5,000
1889
6g.
100
2,000,000
1889
1,000
1,8.50,000
5g.
100
4,310,0<X)
1,000
1890
4,310,000
5 g.
100
6,100,000
l-*
1889 l,000&c 14,000,000
iK100
(?)
1,000
1892
2,041,000
5 g.
100
555,200 6 per an.
25,600
5,000
100
1855 100 &c.
1,000
1874
1871
1,000
1,000
1865
1,000
1891
1878
1885
2>a
10
1.50,000
4.50,000
6
7,068,100 5 per an.
417,800
9,081,000
500,000
350,000
400,000
6
6
7
7
5g.
Fhlla.
1.
A N.
0.
J. * J.
J. & J.
M.
N.
A. A 0.
J. & J.
F. A A.
M. & 8.
J. * D.
J. A J.
Q.-F.
J. A J.
M. A 8.
J. A J.
J. A J.
J. A J.
J. A J.
Q.-F.
M. A 8.
A. A 0.
J. A J.
M. A N.
F. A A
4«2g. A.
1,500,000
&
&
A
do
M.
.500,000
2,37.5,000
RiohmoDd.
do
N.Y., Phlla. or RIchm'd.
In default.
Richmond,
do
(fe
N. Y.,
Brown
Olllce.
do
Brothers.
N. Y., 4tb Nat. Bank,
do
do
do
do
Due,
£/ocA-«— Laat
Ulvideud.
Juiy95A1901
1901
Apr. 1, 1940
July 1, 1919
Jan. 4, 1893
May
Apr.
1,
1,
1915
1940
July 15, 1891
Moh.
1,
1,
1897
1914
N. T., Ualtland, P. A Co. Dec.
1,
1930
N. Y., Maitland, Phelps July
N.Y.,onic<!,3'J NassauHt. May
July
N.Y., State Trust Co.
1,
2,
1,
1940
1893
1939
Feb.
Bait., Mere. Tr. A Dep. Hob. 1.
N.Y.,by N.Y.L.E.AW.CO Jan. 1,
N. Y., Corn Ezoh. Bank, Dec.31,
do
do
Jan. 1,
do
do
Jan. 1,
N. Y., Or. Cent. Depot, May 16,
.
do
do
do
do
do
do
do
do
do
do
Sept. 1,
July
July
May
May
1,
1.
1,
1,
1923
1893
1891
1906
1925
1893
1910
1923
1901
1915
1915
The Olcott committee presented the following statement showing tbe
result of operating the present system.
Gross earnings last fiscal year (including Alabama Gt.
From July 1, 1891, to Mar. 31, 1892 (9 months), gro.ss earnings were
$243,568, against $236,779 in 1890-91; net, $64,889, against $67,920.
In year 1890-91, gross earnings,
Fiscal year now ciuls June 30.
$325,208: net, $70,420; total net income, $91,177; interest paid,
$24,500; dividends (7 per cent) $70,000; deflcit for year, $3,343. In
1889-90 gross, $325,305 net, $100,822 surplus oyer charges and 7
per cent dividend, $19,751.— (V. 50, p. 312 V. 51, p. 143 V. 53, p. 8 79.)
Southern)
$28,338,500
Operating expenses and tases
19,593,764
Net earnings
8,744,736
Filed charges
0,474,837
Rlctainond Sc West Point Terminal Ratlnray dc UTareThe Olcott plan of reorganization, setting forth in detail the method
taonse Co.— (See Hap.)—The mileage controlled and operated is abom of exchange of securities for all the companies of the Danvllie and the
8,816 miles (Including water lines) as follows
East Tennessee systems, Ac, was in the Ciiuonicle, V. 54, p. 487.
For the year ending June 30 the earnings of all railroad lines
BiCHMO.Ni> & D.\Nvii,LE SvsTEM.— (See Rich. A Dan.) 3,320 miles.
East Tennessee Viroinia A Georgia System.— (See East Ten- controlled were as follows
EARNINGS, E.XPENSES AND CHARGES— ALL LINKS— TEAR ENDINO JDNE 30.
messee Virginia A Georgia tor details).-Total, 2,318 miles.
1888-89.
1889-90.
1890-91.
Alauama Great Southern (which see), 296 miles
Miles
operated November 30.
7,521
8,558
9,052
Central Railroad of Georgia.— (See that company) 2,682 miles.
Water Lines.— Ocean Steamship Co. and Baltimore Ches. A Rich. S. B. Gross earnings
35,596,983
41,361,095
43,849,344
Organization, Etc.— Incorporated by an act of the Legislature of Operating expenses
23,897,47
28,228,191
29,880,880
'Virginia of March 8, 1880, and in November, 1886, purchased a large
Net earnings
majority of the Richmond & Danville RR. stock. The Central Georgia
11,699,512
13,132,903
13,968,464
9,434,445
10,637,185
Railroad & Banking Company is controlled l)y the Georgia Company, Charges
11,455,457
whose eutire stock is owucd by the Terminal Company; in June, 1891,
Surplus
2,265,067
the Georgia PaciUc leased the Central Georgia, for which in March,
2,495,717
2,513,007
1892, a temporary receiver was appointed. (V. 54, p. 443.)
The annual report for year ending November 30, 1891, was given at
Stocks ANoBONDS.—The preferred stock may be called forredemption length in V. 53, p. 878.
at 1 10. It Is secured by deposit in trust of $2,500,000 Richmond A DanINCOME ACCOUNT TEAR ENDING NOVE-MBER 30, 1891.
ville stock.
RevenueExpeyises—
Dividends on preferred stock- In 1887, 2i3percent; in 1888, 5; in
Viva.
Rich.
A Dan
$467,620 Int. 6 per cent col. trust. $330,000
in
Julv, 2^.
1889, 5 in 1890, 5 in 1891, Jan., 2>a
175,664 Int. 5 per cent col. trust.
553,250
Price of common stock— In 1888, 19®29%; in 1889, 19>3®27%; in Di vs. E. T. 1 St pref
316,964 Interest on Ga. Co. 5 per
1890, 13H!a28i4; in 1891, S''8a)19ia; in 1892, to April 30, inclusive, Divs. Cent. RR. of Ga..
Int. E. T. 1st mortgage.
18,000
cent col. trust
27,650
83s®17'a the trust receipts to May 20, Inclusive, 7®11. Preferred in Various
interest
281,685 Divs. on pref. stock
249,850
1887, 43®87'ia; in 1888, 55»87i4; in 1889, 7638134; in 1890, 6019®
Gen. and legal expenses
66,252
«7>a; in 1891, 43®76'2; in 1892, to Apr 1 30, inclusive, 00379; their
;
;
;
;
.
;
;
.
;
;
May
trust receipts to
The
(
securities
20, i»ah9\.
free from any lien
owned
Total
Net
RInekR.
Stocks.
E. Tenn.Va.AGa.com. $5,880,000
Do
Do
Bojldg.
Bonda.
1
1st pref.
pref.
2d
500,000
2,311,000
250,000
325,000
414,840
500,000
954,233
123,712
Rich.
E.
A Dan. equip. 6s.
A Ua. Ext.
Tenn. Va.
Oxford A Hend. 1st M.
$1,259,933
Total
$1,227,002
$32,931
— (V. 52, p. 280. 322, 462; V. 53, p. 96, 224, 256, 408, 475, 641, 674,
713, 754, 804, 846, 878, 881, 921, 969; V. 54, p. 34, 79, 120, 329, 410,
on Norember 30, 1891, were
follows
$700,000
620,000
195,000
160,000
300,000
299,000
776,000
tor year
443, 486, 487, 560, 501, 593, 643, 684, 762, 846.)
Rio Grande Junction.—Owns road from Rifle Creek, Col., to a
connection with the Rio Grande Western at Grand Junction, 62 miles.
This is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased by Colorado .Midland and
1,22T Denver A Rio Grande at 30 per cent of gross earnings, which companies
jointly and severally guarantee the bonds, principal and Interest.
Total bonds
$3,051,228 Stock is $2,000,000; par, $100. (V. 51, p. 829, 830; V. 52, p. 204.)
Total stocks
$11 ,258,785 Tot. of bonds and sf ks.$14,310,014
Rio Grande Southern.— CSee Map Denver <* Rio Orande.j—HoaA
The 6 per cent trust bonds of 1887 may be redeemed on notice at any
time at 105 (seeabstract of moi-tgage, V. 45, p. 575). They are a llrst completed Jan., 1892, from Dallas (new name Ridgeway), Col., on the
Denver A Rio Grande, southerly to Durango, 163 miles, and branch to
lien on the following securities:
the Interest of the Den. A
Rich. A Dan. stock. . . $1,700,900 West. N. C. consols .
$1,325,000 Tcllunde, 7 miles, all narrow gauge. Built
.E.T.Va.AOa. Istpref. 6,000,000
do
2d mort. .
4,110,000 Rio Grande. Mortgage (trustee. Central Trust Company of New York)
is
for
$3,000,000
at
mile
road
$25,000
per
on
and equipment. Sea
1,0(M),000
Col. A Green, com
do pref....
do
1,000
Total par value
$17,296,900 abstract of mortgage V. 54, p. 163, and application to New York Stock
Exchange
in
full
in
authorized,
V.
446.
Stock
p.
$5,000,000
54,
3,100,000
Va. Midland stock
The consol. collateral trust 5 per cent mortgage of 1889 is for $24,- ($25.00(5 per mile)—outstanding $4,310,000; par. $100. From Jan. 1
to
March
31,
1892
months),
gross
earnings
were
against
(3
$125,068,
300,000 (trustee. Central Trust Co.); $4,000,00(5 being reserved to retire
$30,735 In 1S91; net, $64,573, against $20,544. In calender year
flf deemed advisabli^) .«5,00«,000 preferred stock and ,$5,500,000 for
on
1891,
an
average
of
miles,
earnings
56
gross
$307,166;
net,
itlie collateral trust bomls of 1887.
The sinking fund of 2 per cent l)egius
February 1, 1898, bonds to be drawn if not purchasable at par, and $178,422; interest charge, $70,053. (V. 51, p. 143; V. 52, p. 322; V.
V.
674;
160,
444,
446.)
53,
p.
p.
163,
54,
bonds may be redeemed at par at any time on one month's notice.
Rio Grande Western.-(A'ce Jfap.;—LmE OF Road Owns Cre(See abstract of mortgage in Chronicle, V. 49, p. 115.)
Tlie 5s are a second lien on the securities pledged for the 6 per cent vasse, Col., to Ogden, Utah, 310 miles, to Alta, Bingham coal mines, etc.,
bonds and on $2,500,100 Richmond & Danville stock,pledged for the 58 miles; San Pete branch. Thistle to Mauti, 00 miles; Sevier Railway
(proprietary lino— all securities owned), Manti to Salinn, 26 miles;
preferred stock, and a iirst lien on the following:
Char.C.A Aug.RR.sfk. $1,300,000 N'cast.RR.ofGa.g'n.M.
.$315,000 Tiutic Range Ry. (proprietary line, all securities owned)— Springvllle
do stock
Va. Midland kv. stock.
470,(X)0
do
120,000 to Eureka, etc., 50 miles; total owned, 454 miles. Leases Crevasse to
Western N C.RR.,com. 3,1(X),000 Rich.AMeck.RR.stock
300,000 Grand Junction, 18 miles. Total operated, 522 miles. The Rio Grande
do
do
pref.
3,100,000 Rich. A Dan. RR.stock.
708,100 Junction Road, 64 miles, opened in November, 1890, affords a through
Ga. Pacific Ry. stock.
4,370,000 E.Tenn. Va.AGa. 1st pf. 2,283,200 connection of standard gauge to the Denver A Rio Grande and the Colodo do incomemort. 1.397,000
do
do
2dpf. 4,225,000 rado .Midland.— (See V. 51, p. 680.)
This company was formed In June, 1889, to succeed the Denver A Rio
Ga. Co. 5 p.c. col. trust. 3,447,000 Central RR. A Bankmg
215,000
Ash. A Spart.RR.2d M.
Co. of Ga. stock
220,000 Grande Western, pursiuiut to the plan of March, 1889, for widening
do
do
stock.
1,040,000 Georgia Co'y stock. . 11,990,000 gauge and retiring old securities witu new issues. See V. 48, p. 429.
Wash. O.A W. RR. inc.
(>25,000
The report of the reorganization eommltt.;e issued in June, 1891, and
do
do stock. 1,500,000
Total
$40,845,300 published at length in the Chrusiclk, V. 52, p. 941, gave a full account
In 1890 the company guiirauteed $0,000,000 Cincinnati Extension of the improvements on the property since April, 1889. See abstract
bonds, issued lointly by Riclmiond A Danville and Ea«t Teimessee, Vir- of mortgage (Central Trust Co., trustee) in V. 49. p. 237, and statement
ginia A Geoiglii and secured by deposit of the stock purchased in ob- to New York Stock Exchange in full in V. 50, p. 73. Common stock
is $7,500,000
preferred stock authorized, $7,300,000; outstanding,
taining control of the "Ei'laiikrcU"" roads.
Eakmnijs, Finances, Etc.— rhe contmlled companies, Richmond & $0,160,000; par, $100. Preferred stock is entitled to 5 per cent dividcno,
Danville, Central of Georgia and llic East Tennessee Virginia A Georgia uou-cumulalive, then common stock to 5 per cent, after which both
bad run up Healing delits which enibarriissed the Ti'rminal Company; classes of stock share etiually.
In May, 1892. it was voted that common stock for $2,500,000 was to
and as to the disposition of these in 1891 and 1892 see remarks under
the respective companies. A plan for reaiUustmeut of the Klchniond be .sold to common and preferred stockholders at 40. the pniceeds to
Terminal llnances was issued In March, 1892, by the Olcott counuittec, pay for the securities of the Tintie Range ity.. completed lu M^irch,
but llie uuderlyiug securities fulled to come in, and the plan was de- 1892. The acquisition of this lino is expected to iwld larnoly to net
dared unoperative and a new plan will be drawn up. See V. 54, p. 816, earnings without any increase In Uxed charges. See V. 54, p. 526, 768.
Blue Ridge A Atl. pref.
Oxford A Hend. com..
Rich. A W. P. Ter. com.
fitatesvillo A Western
Virginia Midland com.
Various other issuea
.
.
Rich. A Mecklenb. 2d8.
Statesville A West. Ist.
Blue Ridge RR
State of Georgia 3'a8..
Other issues
m
.
—
|
'
.
.
.
;
.
lift
i
j;
SUPPLEMENT.
-.IIITI'trfii'.
INVESTORS'
»J
[Vou LIV.
—
.
Mat,
fiAILKOAD STOCKS AlTD BONDS.
ie03.J
117
SnbMtrlbem vrtll oonfer a K'^** favor by rItIiik Immediate notice of any error dlvcoTered In tlie«e Tables.
««/«/»— PrlnolINTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Due.
Amount Rate per When Where Payable, and by pal.Whnn
tiUM-ks—Laist
of
of
Par
of oolnran henilinpi, &o., see notes
"For explanation
Road. Bonds Value. Outstanding
en Urst page of tables.
Borne Walertown rf Ogdetiaburg.—f OonelndrA.)
OsweKo BridKe and Syr. Ph. A Ob. Ist inortgaRes
Norwood * Mdutreal 1 st mortitaKe, ifnM
R. W. & Ok. Tonu. RR. Co. iKt iiiciit., gold. Riiaro*
Utioa & Bl. Riv. »t'k.7 p. c. peip(!t. gii. hy R.W.cfeO.
o
Black River A Moiristowu 1st mortgage
c
Clavton ATUoresa 1st mortgaKe
mlloe,
guar.c*
iiiort.
on
98
mtles,
on
52
Ist
2d
g.,
18
13
14
150
36
le
1.50
—stock,
120
120
120
120
67
36
preferred
o
General niortttaKe (8 per cent, reduced t« 6)
2d inortitaKe In e.xcliange for oqulpni't bonds, &0..0
$3..')00.()00.
gold
c*.tr
First consol. mort. for
Boff. Tuscola rf Z/ktoh— 1st M., $IS,()0(I p.ni.,gold.e*
Cttr
.Saffiiiuw Valley J^ -S'(. Louis— Xnt niorlgugo
Common stock.
£1. Johiixhury if Lake ChamplaiH
Preferred stock
0*r
lat mortgage
Coiiscilldirted mortgage (for $1,000,000)
..o'
Sullaiul
—
Bonds
for $2,.'JO0.O()0
'68-7 J
$1,000
100
1874 500 <fco.
1873 500 &c.
1890
1,000
100
1872 100 &a.
1878 100 <feo.
1891
1,000
1891
1872
1,000
1,000
50
50
—
Joseph -p Grand Inland Stock
o*
iRt iiiortgagc, gold.. Inti'rcst guar, by U.P
o*
2d mortgage, lucouie, gold
Kan. C. iO. RR. l8tM.($15,O00p.m.)g.,lnt.gn.o*Ar
Bt. Louix Allon it Spring.— iBt M., ($12,000 p. m.)g.c'
2d mortgaKC, gold
Bi. Louis Alton J Terre Wai(/e— Common stock
Preferred 8toek(7 cumulative) con
1st ninrt., sei'ies A, sinking fund, not lrawn...c*
Ist murt., series B, siuking fund, not drawn. . .c*
8i.
1885
1886
1888
252
252
196
87
ioo
4,600,000
1885
1,000
6,998,000
1885
1.679.000
1,000
2.713.000
1887 500 &c.
1887
1,000 As coUatenil
As collateral
1889
"ib'fi
100
207
207
1862
1S62
1.000
1,000
An
incrciise in preferred stock from $5,000,000 to $6,250,000 was
in April, 1891. the new stock l)0iuff taken by stockhol'lers at
proceed.'? of this issue were applicable to new equlpSee V. 52. p. 499.
niei;! Iiu'reased terminal facilities, etc
Dividends on preferred stock— A dividend of 2 •« per cent in preferred
stock was paid Peljruary, 1891. and tile tlrst quarterly cash dividend
of 1>4 per cent May, 1891; Aue. 1 also paid IH; Nov., I14. In 1892,
February, paid
per cent: May, IH.
Price of common stock— In 1890, 15®24''8; In 1891, 23®44; In 1892,
m
to May 20, inclu.sive, 37®4l.
Price of preferred stock— In 1890, 40355; In 1891, 55i4®75''8; In
1892, to May -0, inclusive, 68®74.
From July 1. 1891, to March 31, 1892 (9 months), gross earnings were
$1,982,279, against $1 ,725,739 in 1890-91; net. $742,945. agt. $67.-),543.
For the six months ending December 31, 1891, the income account
was a.s follows: Net earniugs, $.)89,S01 (against .$.">10,710 in 1890);
other Income, $1,099; total net income. 1*593.961. Payments Rentals,
taxes, etc., $39,314; interest on 4 per cents. $280,000 5 per cent dividend on preferred stock, $156,195; total payments. $475,511; net
eredltto Income for the six months, $113,450. v. 54, p. 243.
Fiscal year ends June 30. Piport for 1890-91 in V. 53, p. 672. R74.
1889-90.
1890-91.
—
;
Total
Barplus
—(V. 52,
369
404
$1,622,234
520,686
$2,346,130
856,783
393,500
11,143
535,500
15,144
255,369
$404,643
$116,043
$806,013
$50,770
126. 499. .574: V. 53, p. 59, 187, 324, 408, 656, 6T2,
V, 54, p. 243, 526, 598, 762.)
p.
Roanoke
Sc
Southern.—Owns from Roanoke,
Va.,"
674;
Ha Walnut
Cove, on Capo Fear & Yadkin Valley Railroad, to Winston, N. C, 122
(completed in March, 1892), and from March 1, 189i, leased for
999 years to the Norfolk & Western, which guarantees (by endorsement
on the bonds) the prlncli>al and Interest of $2,041,000 drat mortgage
bonds and the lessee also agrees to pay over any balance of earnings
after operating expenses, taxes, interest, Improveinents, &c. See V.
The first mortgage (trustee .viercautile Trust &
54. p. 405. 601.
Deposit Company of Baltimore) is for $2,041,000. and in adilitlon
thereto $15,000 per mile for extensions not to exceed in the aggregate
100 miles, and $10,000 per mile for branches not to exceed 50 mlle^.
The mortgage of 1889 has been canceled. (See V. 54, p. 684.) Capit.l
stock authorized $8,000,000; outntandlng $2,396,400, of wliich Norfolc
Sl West, owns $1,837,800; par of shares. $100. (V. 54, p. 403, 601. »i84.)
mUes
;
&
KocbeBter
Geuceee Valley.—Owns from Avon to Rochester.
N. Y., 18 miles. Leased July 1, 1871, In perpetuity, to Erie Railway.
Rental, $34,012. James Brackett, President. Rochester. N. Y.
Uock Island
IlL,
91 miles
;
Ac Peoria.— Owns from Rock Island. 111., to Peoria,
Rock Island & Mercer County Railroad, 22 miles total,
;
miles. The Peoria & Rock Island was sold in foreclosure April 4,
1877, to the bondholders. In year 1889-90 gross earnings were $655,106; net. $345,321; surplus over interest, taxes, &c., $285,584; dividends, $75,000. President. R. R. Cable.
113
Rome Watertown tc Osdensburs.- r^e« Uaplfete York Oenit Hudson River Railroad.)— Owns from near Niagara Falls
to
Massena Springs, N. Y.. 299 miles, less 28 miles, Richland to East
Oswege, leased from the OswegoA Rome RR.; Richland to Rome.41 miles;
brauobes to Cape Vincent Ogdeusburg, Pulaski, Fulton, etc., 109 miles;
total owned, 421 miles. Leases Utica & Black River Railroad, lltlca to
Ogdensbnrg. and Clayton branch. 150 miles Oswego & Rome Railroad
as al)ove. 28 miles Carth.age Watertown ASackeffs Harbor Railroad.
tral
;
;
Carthage to Sackett's Harbor, 30 miles tr.aokage— to Niagara Falls. 2
miles Fulton to East Oswego (New York Ontario & Western Railway).
12 miles total leased, 222 miles Total operated, 643 miles.
In March. 1891, leased during the full term of Its corporate existence
and renewals thereof to the New York Central & Hudson River RR
Co., which assumes the debt and guarantees 5 per cent on the stock
The stockholders received a stock dividend of 20 per oeat. For wording
of guaranty see V. 52, p. 463. Stock authorized $10,000,000. Earnings ars Included in those of the lessee.
Dividends from 1887 to February. 1891. both Inolustve. at rate of 6
per cent yearly March. 1891, 20 per cent In stock In May and thereafter 5 tier cent per annum guaranteed. The con.sol. 5s due 1922 have
their Interest payable in gold, but not their principal.
The Utica ,s Black River is leased in perpetuity, interest on bonds and
7 per cent on stock brtng guaranteed. The consolidated mortgage
bonds of 1890 are guaranteed, priuclpal and interest, by the Rome
Watertown & Ogdeusburg. See V. 50. p. 771.
The Oswego & Rome rba I Is leased In pirpetulty, and the second
mortgage bonds sjii iraateed by Rome Watertown A O'deniburg by
•ndorsemeut. (V. 52, p. 39, 322, 463. 498. 796; V. 53, p. 713, 793:)
RntI ind.—Owns from Bellow's Falls, Vt., to Burlington, Vt., 120
miles. Tills road lias lioeu through many changes. In 1890 a new lease
for 999 years from .lanuary 1, 1891, was made to the Central Vermont, the rental l>elug $345,000 per annum; this will be Increased by
;
;
;
;
;
[
(?)
1,000.000
446.000
2.550.090
1,298,500
550,000
01.000
!«
J.
6
U.
F.
5
4>ag. J.
M.
M.
5&I"
&
A
&
&
&.
&
it.
&
<Ie
<k
&
&
Cent Depot, Feb.
K. N. Y., Gr.
O.
N.
8.
J.
J.
J.
Dividend.
do
do
do
do
do
do
do
do
do
do
do
do
1,
July
July
Rutland. Clein. Nat. Bk. Jan.
N. Bos.,GlobeNatBk.<bRut Nov.
do
do
Aug.
a.
Jnlv
New York City.
J.
8.
1,
1,
1,
1,
1.
1,
Sept. 1,
1,
1898
1923
1892
1903
1898
1941
1931
1903
& L. RR. Of.
Oct.
do
Apr.
1,
1,
1910
1914
1,
1.
1.
1925
1925
1927
New York
City.
N. Boston, Second Nat. Bk.
A. & O. Boston. B.
Various
do
1915
Apr. 1. 1916
M..V 1. 1918
Mch. 30, 1802
Jan. 1, 1894
May
4
(»)
$65 per share. The
—
1.500.000
1.500.000
1880
1884
authorized
Mileage
Gross earnings
Total net Income
Deduct
Interest on bonds
Rental and miscellaneous
Dividends
1,300,000
4,2.30.100
Wuoni.
Payable
$275,000 6<k6 g. F.
A.
130.000
375,000
5 g. M.
1,103.000 7 per an, M.
7
J.
500.000
200.000
7
J.
120
120
120
1,000
1,000
Cent.
J.
J.
&
&
&
M.
&.
M.
2,300,000
1.170.800
i.ioo.oop
1,100,000
N. N. Y.. Central Trust Co.
J.
Last paid July 1887.
J. N. Y., Central Trust Co.
8.
New York.
May
July
Jan.
1918
6g.
June
1
Jan. 10. 1889
7
7
J.
&
J.
A. &-0.
NY.. U.
8.
do
Trust Co.
do
Jnlv
July
1900
1,
1894
1894
1.
1,
$25,000 per annum as new equipment .ind other permanent Improvements are put upon the property during the next throe years, making
the rental $370,000 per annum, pay.ible ra*nthly In ifold. The not In
come will pay 4 per cent ou the preferred stock now. and after the
funding of existing mortgages may pay 5 per cent. As to louse, 4o.,
see V. 53. p. 124.
The 5 per cent second mortgage bonds are a Arst mortgage on rolHne
stock and pers uial property. A consolidated mortgage for .$3,300,000
has been issued to provide for tlio retirement of prior liens, wlien due,
and for equipment and improvements. See V. 53. p. 124. The Del.i Hudson owns $3,000,000 of the preferred and $1,000,000 of the $2,480,600
common stock, par $100. Dividends on preferred stock since 1830
In 1881,
per cent; In 1882, 2; In 1884 and 1885, 1: in 1886 and
1887. lia; in 1888. 1; In 1889. li^; In 1890. 3; in 1891, 2; In 1892,
January, 2. (V. 51, p. 910; V. 52, p. 41, 239, 940; V. 53. p. 1*4.)
Sas:lnavr Tuscola dc Huron.— Owns from Saginaw, Mloh.. to
Bad Axe, 67 miles. Opened as a stan lard gjiigo road Jans 29. 1891.
Common stock authorized, $Ui>.),03i); par $10 ). The tlrst m)rtg*?o U
to tlie Continental Trust Co. lor $1,00 1),0 > ). Prom Tau lary 1 1'> .M iroli
31, 1892(3 months), grosscirnings wero$22,0)>, agilust .$iXS>7in
1891; net, $6,763, against $1,5 18. Wm. L. Webbar. Pre.sld't, Saginaw.
St. Johnsbiiry Jc Lake Champlaln.— Owns from Lunnnberg,
Vt.. to Maquan Bay. on Lake Chaiuplain, 120 miles, and branch front
North Concord. Vt.. to East Haven. 11 miles; total. 131 miles. This was
the Portland & Ogdeusburg, Vermont Division, reorganized un ler
present title In 1880. Preferred stock, $l,29S..">00; common stock,
"2.5.50,090; par $50. In September. 1890. $2,500,000 of 4 per cent
bonds were authorized to fund rtoatingdebt, (which on .funo 30, 1890,
amounted to $1,170,528). and for other purposes, but none had been
Issued up to March 1. 1892. Operated by B )ston Ic .\f line. In year
ending June 30, 1891, gross earnings were $36, 193; dedoit, $3,364;
interest, &c., $38,030; delicit, $41,414. (V. 51. p. 345.)
St. Joseph
Grand Island.-CiSee Map of ITnion Padfle.)—
Line of Road—St. Joseph, Mo., to Grand Island, N'eb.. 252 miles: Kansas City & Omaha Railroad, Stromsburg to Alma, 151 miles, and MoOool
Junction to Kansas City & Omaha Junction, 44 miles; total, 447 mile*.
Successor of the St. Joseph & Western, sold in foreclosure in 1835. Operated by the Union Paclflc, wiiich owns $2,301,500 of the $1,600,000
stock (par, $100), and guarantees the interest on the first mortgage
bonds. Kansas City &. Omaha bonds have Interest guaranteed by St.
Joseph & Grand Island and Union Pacillo under a perpetual agreement
for operating the road. The Union PiKiitlo owns $1,132,500 bonds and
$1,593,500 of the $4,410,000 stock of the Kansas City A Omaha,
and St. Joseph & Grand Island owns $1,822,500 stock. In January,
1892, a new ad.justment was made with Union Pacitlo by which $ )5.0(>0
is deposited monthly for interest on the 1st mortgage bonds, and the
St. Josepli & Grand Is and is not responsible for more than half the
Interest on the Kansas City & Omaha bonds. (V. 54. p. 79.>
Prom Jan. 1 to Mar. 31. 1892 (3 mos.i, gross earulugs were $281,353,
against $167,143 In 1891; net. $12J.07d, agiiust $29. -{/l. Cn 1391
gro.ss earnings. Including Kansas City <fe Omaha, $.)33,663; net,
$252,761; total net Income (Including amount received from Union
Pacitic under tratno agreement, etc.), $121,833; interest on bonds,
$120,000; corporate oxpeuses, $3,725; due Kansas City & Omihs
under traffic agreement, $129,397; detlclt for year, $123,237. In 1330
gross $1,233,591; net, $335,454; delicit for year after all payments,
$57,783. (V. 51, p. 570; V. 54, p. 79, 213.1
i
St. Ijonls Alton Sc Sprlnedeld.- Owns Bates, TU., to Alton, IlL,
87 miles. Uses Wabash track to Sprlugtteld. 13 miles, but road to be
built to that point. In October. 1890. Joseph Dickson of St. Louis wa«
appointed receiver, and $300,000 of 6 per cent receiver's oertlHoates
were Issued. See V. 51. p. 830. Reorganization Is proposed. First
m
&
mortgage bonds for $1,200,000 and 2d mortgage bonds
for
$100,000
are outstanding as collateral. Stock authorize I. .$l.50:).O0J; par,
$100. Trustee of mortgage. Farmers' Loan A Trust Company. In year
1889-90 gross earnings were $115,712; net, $8,184. (V. 50, p. 632.
669; V. 51, p. 570, 830; V. 54, p. 204.)
<
St. I,oats Alton dc Terre Haate.—Proprietary line. East St
Louis to Belleville, 14 miles. Leases: Belleville A Southern Illinois
Railroad, Belleville to Du Quoin. III.. 57 miles; Belleville 4 Eldorado
RR.. from Du Quoin to Eldorado. 50 miles; Belleville & Carondelet RB,,
from Belleville to East Carondelet. 17 miles St. Louis Southern. Plnokneyvllle to Carbondale. 111.. 31 miles; Carbondale & Shawneetowa,
Carbondale to Marion. 17 miles; Chicago St. Louis & Paduoah. Marioa
to Paducah, and branch, 53 miles; total operated. 239 miles.
In October. 1890. the main line from East St. Louis. III., to Terre
Haute. Ind.. 189 miles, and branch, 4 miles, which had theretofore been
leased to the Cleveland Cincinnati Chicago A St. Louis, were sold to
that company for $10,000,000 of 4 per cent 100-year gold bonds. See
;
V. 51. p. 52.114,383,494.
The sale of the main lino did not affect the status of this company's
securities. Of tlie $10,000,000 bonds received, $2)0,000 were plaoisd
In a sinking fund for the Issue Itself (bonds to be purchased, not drawn,
at or under 105), and $7,000,000 are reserved to retire the bonds maturing In 189 1. Of the $2,750,000 bouls Imne llately at the disposal of
the coimany, $2,500,000 were otTered to the holders of the preferred
stock, being sufUcient to retire all but $3 ) ),OJJ thereof, at the rate of
$150 In bonds for $100 of sto ik. To April 19, 13J2 $1,297,600 of
gro erre 1 stock and fractionals had been retired, leavln.; $733,500
onds in the company's treasury. See V. 52, p. 42 .81. 351. 499 7 >
',
;
.
INYESTORS' SUPPLEMENT.
118
SabKcrlbera
nrlll
confer a great faTor by glvlnjj Immediate notice of any error dlsco-rercd In these Tabled.
EAU-ROADS.
For explanation of coliimn lieadlngn,
on first page of tables.
&c., see notes
Miles
Date
of
of
Louis Alton tt Terre Haute— ( Concluded.)—
c*
2d mortgage, preferred, series C
c*
Series D
Do
do
c*
2d iiiorteage, incomes
Dividend ijonrts, Income (seeV. 48, p. 389)
Belie. & So. 111.— 1st M. (int.euar.) s. f., not dr'n.e*
& Carnndelet,
&
lstM.,Bellc.toK.Carou.c*
El Dorado— Ist (infest guaranteed)c*
c*
2d mortgage
Louis Southern— 1st mort., gold, int. guar. .c*
c*
2d mortKage, income, non-cumulative
Carlioudalc & Shawneet'n letM., K.,Int. guar.c*
Chic. St.I..& Paducali Ist M., g.,red at 105 guar.c*
c*
2d mortgage, gold, income (non-cumulative).
Cairo— 1st M., gold, int. guar. M. & O. c
St. Louis
S»ii(/i—
Olddiv.
bonds
it
Ft.
Cape
airard'u
Lou.
St.
gold
Capfi (Girardeau 8.W. consol. mortgage
Arkansas Extension 1st mortgage, gold... c*Ar
Bt. L. Cape Gir. & Ft 8. gen. M. ($7,500,000) gold
St. Louis Keiuiett d Southern.— lai raort., gold. ..c*
St. Louis Merchants' Bridge Terminal.— lat mort. .0
Mercli. Bridge 1st M., red.after Feb.l, 1909, at 110
Bt.
.
.£•
.
St.
SI.
L.
<e
San Fi-an.-Bee Atcliison
T.
&
Size,
or
Par
8.
1862 $1,000
1862
1.000
1862
1,000
1881
1,000
1866
1,000
1883
1,000
1880
1,000
1880
1,000
1886
1,000
1886
1,000
1887
1,000
1887
1,000
1887
1,000
1886 500 &c.
207
207
207
"56
16
50
50
31
31
17
53
53
161
1880-5
1,000
1,000
1,000
1,000
1888
1890
1891
1891
1,000.
1890 500 Ac
1889
1,000
102
65
167
21
300
100
1890
1,000
1890 500 &c.
Car trusts
Terre H.—lBtM., s.f. guar, not dr.c*
2d mort., sink, fund, not dr'n ($1,600,000 guar.) c*
<f
.
158
158
1867'
i,'66o
1868
1,000
Of the $2,200,000 Series A and B bonds given In the table above as
outstandmg, $1,093,000 on Jan. 1, 1892, were In the sinking fund. On
Jan. 1, 1892, there were $100,000 bills payable, issued in 1891 for improvement of terminals. St. Louis Alton & Terre Haute 7 per cent
bonds carry the right at stockholders' mectltigs to 10 votes.
The Belleville i& Southern Illinois is leased to tliis company for 999
years from October 1, 1866. Lease rental 40 per cent of gross earnings
up to $7,000 per mile (except on coal, &c.), 30 per cent above $7,000
and up to $14,000 per mile, and 20 per cent on any excess of $14,000
per mile. Interest on bonds and sinking fund of $5,000 per year guaranteed by lessees.
Common stock of Belleville & Southern Illinois is $430,000 and prefened $1,275,000, and dividends on preferred stock since 1880 have
been—4I2 in 1881 512 in 1882 GH in 1883 S^a in 1884 5 in 1885 5
In 1886 «% in 1887 6% in 1888 and 1889 in 1890, 8% in 1891, 8'a.
The Belleville A Carondclet is leased for 983 j'ears from June 1, 1883,
at a rental of $30,000 per year, wliich is a guarantee of interest on the
bonds, the stock of $500,000 being owned by the St L. Alt. & T. H.
The Belleville & Eldorado is leased for 985 years from July 1, 1880,
at a rental of 30 per cent of tlie gross earnings, but $15,400 per year
guaranteed. Stock, $1,000,000; par, $100. The St. Louis Southern
Kailro;i(l (inc^ludiug Carboudale A Sh.awnectown) is leased for 980 years
for 30 per ceut of gross earnings, minimum to be $32,000, and interest
on bonds being guaranteed to that extent. The Chicago St. Louis &
Paducah Rnad is leased for 978 years from March, 1888, at 30 per cent
of gross earnings, with guarantee of principal, and rental to pay first
mortgage interest. (V. 47, p. 801.) The first mortgage bonds on this
road are redeenialile after September 1, 1892, at 105.
St. L. Alt. & T. H. dividend bonds are not entitled to receive anything
&
7
F.
7
1,3,57,000
6
M. & N.
M. & N.
June 1
1,015,000
8
485,000
220,000
330,000
550,000
525,000
250,000
1,000,000
&
7
&
6
P. &
M. &
t«- M. &
M. &
M. &
M. &
T. &
6g. M. &
M. &
J. &
J. &
I- F. &.
A. &
6
F. &
7
1,000,000
4,000,000
111,000
889,000
175,000
2,500,000
180,000
1,750,000
2,000,000
16,500,000
20,000,000
20,000,000
8,000,000
602,849
1,899,000
2,600,000
St. Iiouls
&
A.
6
J.
J.
&
&
&
&
M.
J.
6&7
7
J.
7
M.
Kennctt
Whom.
Payable
$1,400,000
1,400,000
1,700,000
Fe system.
Louis Southtpes'ern— Common stock
Preferred stock (5 per cent non-cumulative)
c*
1st mort. certificates, $16,500 p.m., gold
2d M. income cert., $10,000,000,non-cum., gold.c*
8(.Louis Van.
Bonds — PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When JWhere Payal)le, and by Stocks — Last
Amount
per
Outstanding Rate
Cent.
Road. Bonds Value.
Si.
Belleville
Belleville
[Vol. LrV.
Sc
A.
O.
N. Y., V.
S.
Dividend.
July
July
July
Trust Co.
do
do
do
do
1894
1894
1894
1,
1,
1,
AfterJan.,'94
N. y., state Trust Co,
do
do
D.
do
do
Oct.
1,
June
1,
1,
1,
1,
1,
1,
1,
1,
1,
July
A. Pd.in'91,coup. Feb., '80 Aug.
S. N. Y., State Trust Co.
Sept.
S.
do
do
Sept.
S.
do
do
Mch.
8.
do
do
Sept.
None yet paid
8.
Sept.
J.
&
1896
1923
1910
1920
1931
1931
1933
1917
1917
1931
J. N. Y., Farm. L,.
Tr. Co. Jan.
8. [N. Y., CoiKn
Stanton, Sep. 1900-1-2-5'
do
8.
do
Sept. 1, 190&
do
J.
do
Jan., 1910
J.
do
do
July 1, 1919
A. 'N.Y.Cent.Tr.& St.Louis. Feb. 1, 1921
O. 'New York
St. Louis. Oct. 1, 1930
&
&
A. N. Y., Farm. L.
& Tr. Co.
1929
Feb. 1
N. N. Y., Central Trust Co. Nov.
J. After '90, when earned. Nov.
1989
1.
1,
1989'
1892 to 1897
J.'N.Y., Central Trustee. Jan. 1, 1897
N.l
do
do
May 1, 1893
Soutbern.—Operates
road from Kennett,
Mo., to Campbell, 21 miles. Capital stock, $180,000; net earnings In
1891, $14,741. Louis Houck, President.
St. Ijonis merchants' Bridge Terminal.—This company
has under construction a double-track railroad in the city at
St. Louis, extending from near the Union Depot on l'2th Street, via Mala
Street, Hall Street, &c., to Ferry Street, opposite the Merchants' Bridge,
etc. It leases the Merchants' Bridge, agreeing to pav the interest on theBridge Co's $2,000,000 bonds; it owns and controls the Electric City A
Illinois RR., connecting the town of Madi.son and East St. Louis; andi
it leases the Venice & Carondelet Belt RR., wliich forms an outside belt
around East St. Louis. Extensive yards and terminal facilities will be
maint.ained in St. Louis and East St. Louis. Tlie mortgage is for .$3,;
500,000 to the St. Louis Trust Company, and covers all the property of
the company. Stock authorized, $3,500,000; outstanding, $1,001,100 ;
par, $100. General olflce, St. Louis, Mo. C. C. Rainwater, President,
St. Louis Sc San Francisco.—See Atchison TopekaA Santa Fb.
St. Louis Southivestern.- Road extends from Bird's Point, Mo.,
opposite Cairo, 111., to Texarkana, Tex., 418 miles, and thence by
the Te.xas road to Gatesville, 305 miles ; total, main line, 723 miles
branches, Mt. i^leasant to Sherman, 115 miles; Tyler to Lufkin (narrow,
gauge), 89 miles; Corsicaiia to Hiilsboro, Tex., 42 miles Commerce to
Fort Worth, 107 miles; Lewisville, Ark., to Slireveport, La., (fO miles:
Altheimcr to Little Rock, Ark., 43 miles; Maiden. Mo., to Delta, 51
miles; other branches, 12 miles; total, June, 1891, 1,244 miles.
This company is successor to the St. I/Ouls Arkausa.s & Texas, whose
road was sold in foreclosure in October, 1890, tlie same property liaving
been previously foreclosed in 188.5-86 See plan of reorganization in
forpriucipal or intei-e.st until all arrearsof dividend upon the preferred Chuonicle,V. 50, pp. 141 and 561.
The organization consists of three cc;t' rations.— the St. Louis Southstock and otiier prior legal clalmp shall have been ailjusted, and a surplus of annual earniugs reached whicli will l)e applicable to such divl western Railway Co., the St. Louis Soutt-.Testern Railway Co. of Texas
dend Ironds. See V. 48, p. 389. The preferred stock has a prior right to and the Tyler Southeastern.
The first mortgage certificates are Issued against a like aggregate
a cumulative dividend of 7 per cent before any is declared on common
and the arrears accrued to Jan. 1, 1891, amounted to 3714 per cent, or amount of first niortgage lionds secured upon these lines at a rate not
$944,163. The preferred stock is also convertible into common at par. exceeding $16,500 per mile, and the second mortgage certificates
Dividends on preferred stock since 1876. In 1878, 2 percent: in 1881, against second mortgage bonds at $8,250 per mile.
The new incomes will receive from January 1, 1891, such interest,
3 and 55 in bonds; from 1882 to 1885, inclusive, 7; in 1886, •m.; in 1887,
payable seml-auuiiall}', not e.xceediug 4 per cent per annum, as can be
nil; in 1888, II4; in 1889,1.
From January 1 to February 29, 1892 (2 months), gross earnings paid out of net earnings of the railways during the preceding fiscal
year, after payment of operating expenses, repairs, renewals, I'cplace$236,080, against $230,704 in 1890 net, $105,014, against $96,026.
nients, taxes. Insurance and interest on prior liens. The issue of these
The annual report for 1891 was in V. 54, p. 720.
certificates may be increased up to $H>,0(>0,000, subject to restrictions
GENERAL FINANCIAL KEStJLTS.
In the mortgages as to tlieir issue and application of the proceeds.
1888.
1889.
1890.
1891.
From July 1,1891, to Feb. 29,1892 (8 months), gross earniigs of
d<
oi
(C
the system were $3,406,385; net, $779,601 ; tuxes, $72,659; interest
Oros^ earnings
949,307 1,110,426 1,336,910 1,435,624 on bonds for eiglit months, $533,333 total paymeuts, $605,992 balIfeteftiniugs
400,796
461,748
527,767
580,956 ance, surplus, $173,609. In the foregoing statement, if none of the
249,936
332,095
Rentals paid
362,149
393,911 earnings had been applied to betterments during the period embraced,
the total net earnings would have been $286,054. The betterments reNet revenue
150,860
129,653
165,618
187,045 ferred to were drawbridges, telegraph wire, etc. See V. 54, p. 846.
Add rental of main Une, etc.. 452,540
452,729 *440,412 *368,135
Earniugs of the road, which was in the hands of the receiver until
May20,1891,were as follows, large expenditures for iron bridges, steel
Total net receipts
603,400
582,382
606,030 555,180 railSi&c.belug included in operating expenses in 1890. (See V. 52,p.322.>
Deduct—
1890.
1891.
Inc. or Deo.
;
;
;
;
;
;
;
;
;
—
;
ffi
;
rnterest on funded debt
line expenses, etc
Main
18,701
487,701
115,699
equlpt. and betterments. 50,481
Total
Balance, surplus
New
469,000
469,000
54,078
523,078
59,304
40,000
469,000
10,608
479,608
126,422
136,388
469,000
469,000
86,180
161,505
;
$
$
Gross earnings
Operating expenses
4,159,126
4,798,306
4,514,220
Inc.
4,0.57,694
Dec.
S
Netearnlngs
df.639,180
456,526
355,094
740,612
Inc. 1,095,706-
— (V. 52, p. 121. 322, 643, 796, 902 V. 54, p. 34, 846.)
St. Louis Vandalla & Terre Haute.— r<See Map Pittsburg Cincinnati Chicago
Louis.) —Owns from East 8t. Louis to Indiana
;
* Including Interest on C. C. C. & St. Louis bonds in 1890.
<C St.
-(V. 52, p. 42, 81, 351, 499, 717; V. 54, p. 524, 7iO.)
State line, 158 miles. Road opened July 1, 1870. Leased to the Terre
See
St.
Haute
Indianapolis
RR. (for account of iteelf and the Pittsburg CincinArkanaas
tc
Texas.—
LoDis
SoirrnwESTERN.
&
tioula
St.
St. liouls 8c Cairo.—Owns Cairo to East St. Louis and branch, 161 nati Chicago & St. Louis RR.) at a rental of 30 per cent of gross earn1889-90
ings.
In
it
was
agreed that in future the profits and losses
«iles. The former Cairo &. St. Louis made default April 1, 1874, and
wasBOldinforeclosurc July, 1881. Stock is $6,.500,000. In January, from operating this road should be divided l)etwcen the lessees in the
proportion
of
Hvceevenths
to the Pittsburg Cin. Chic. & St. Louis and
1886, a lease was negotiated till January 1, 1931, to the Mobile <fe Ohio
Aailroad on the liasis of a rental of 25 per cent (!' o,,,,) of the gross two sevenths to the Terre Haute & Indianapolis. In 1890 a general
ola
was
settlement
of
accounts
made with the Ttirre Haute & Indianrevenue of the whole line, Mol^ile to St. Louis, this rental lieing guaranteed by the lessee to amount to .f 165,000 per year. In vcar ending June iiliolis, under which tills company received $287,157 in cash and 5per
ctutuotesfor
payable
$25,000 monthly from August 1, 1890.
$657,665,
30, 1891, gross, $806,679; net, $177,424 (ag.oinst $159,939 in 1889-90);
In July, 1887, suit was brought by tlie lessor company to declare
rental to St. Louis <k Cairo, $191,914.
the lease void, but the U. 8. Supreme Courtiu May, 1892 declined to sot
Cape
Glr.trdeaii
Sc Fort Stalth.—fSee Map.) Owns aside the contract. V. 54, p. 846. The first mortgage and
St. l.ouls
$1 ,600,000 of
from Cape Girardeau, Mo., to Hunter, Mo., 94 miles leases branch to second mortgage bonds are guaranteed as to principal and interest by
Zalnia, 9 miles total operated, 103 miles. Successor to the Cape Girar- the lessees, and .also by the Pittsburg Cincinnati Chicago & St. Louis
deau Southwestern; name changed in May, 1891. The road is to be HR. and are so endorsed. Stock, $2,379,358 common and $1,544,700
extended 45 miles from Hunter to Monmouth Springs on Arkansas State of '7 per cent cumulative prcf. par $100. 'llie Terre Haute A IndianLine. An exteu.^ioii is also projected to Fort Smith, Ark. Stock au- apolis owus $326,000 preferred and $500,000 common stock, and the
thorl/.ed, $'_>,(K)<),O0() outstanding, $1.1.50,000; par, $100. A general Pennsylvania RR. holdf $837,000 preferred a ad $225,000 2d mort. unmortgage of .Ti7,.500,(KIO has been authorized, $1,325,000 of this amount guaranteed 7s. In April, 1891, there was applied to the payment of
to lie deposited to retire the underlying issues at maturity. Balance all the accumulated dividends on tlie preferred stock up to Doc. 31,
to be issued for construction of new road at not over $15,000 per mile, 1878, the sum of $477,010, and in October, 1891, the back dividends
and tor improvements upon the present line at not over $3,000 per were paid for 1879 and 1880.
mile. Tliere are also outstanding $150,000 7 per cent incomes and
In year ending Oct. 31, 1891, gross earnings were $1,808,309 rental
In 1891 gross earnings, .$174,612; net, $80,847. to St. L. V. & T. H., $542,492, and int. on bills receivable, $14,052;
$7,311 car trusts.
In 1890 gross, $165,807: net. $85,677; President, Louis Houck, Cape totjvl income, $556.545 less charges, $365,6-'.), leaving surplus, $190,
Girardeau, Mo. (V. 54, j). 441.)
916: p.aiddiv. for 1880 ou prcf. stock (7perc(iit), $693,207; lialaiice deSt. Louis Iron mountain tc Soulliern.—See Missocbi Pacific. ficit of year $502,352. General surplus Got. 31, 1890, $1,078,025, and.
—
;
;
;
;
;
;
—
May,
RAILROAD STOCKS AND BONDS
I8»a.j
119
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K^
Map
of the
GA>iVESTdJ
Columbia
ST. LOUIS CAPE GIRARDEAU
FORT SMITH
RAILWAY & CONNECTIONS.
\
I
\
co>1ngton(
°v 1
^^''
y
\V//Pearl
.V5
-X^
^l^lpivcr,.-:^
190
mVESTOKS' SUPPLEMENT.
fVou
Ll-V.
MAP OF THE
San Antonio
AND
Aransas Pass Railway
AND CONNECTIONS.
:
Mat,
:
KAILROAD STOCKS AND BONDS.
1892.J
131
SnbBcrtbers will confer a grettt faTor by k1v>»>k Immedtat* notice of any error dlacovered In these Tables.
Bamf^— PrlndINTEREST OR DIVIDENDS.
RAILROADS.
Miles
of
of coluniii headings, &o., see notes
Road.
tables.
on tlrat page of
Cor explanation
Paul <t l>iUuUi—Common Btoe\i
Preferred 7 per cent stock and scrip
Due.
Date Size, or
Amount Rate per When Where Payable, and bj pal.Whcu
S/orA«— Ijurt
of
Par
Whom.
Dividend.
Bonds Value. Outstanding Cent. Payable
$100
St.
100
0*
let mortgage
& Lake Sup., Ist M. gn., s.
f. not dr.o*
Du'luth Short L. 1st M, guar.,oum.,8.f. not dr'n.o*
Stillwater
St. PaiU Istmort., g. (not guarl
Tavlor'fl K.ills
&
I.Faiil
Minn.
<t
167
167
21
25
12
1881
1887
1884
1886
1870
1,000
1,000
1,000
1,000
.'•00
&0.
ilanitoba—aoe Great Northern—
St. Paul. f All. Pari fie— Btoe\i(^10,000,000)a.\M\orlz'd
Western RK. Minn. 1st M. UK. covered by gen. M.
General niortg., gnar., laud gr. ($10,000,000).e*&r
184
60 13
218
c"
Ist Moitgage, gold, redeemable at 110
Ist M., oxtt'u., gold (i{!12,()()0 p. ni.) red. at 110. c*
iBt M. for .$!),0(>0,000, gold, $15,000 per mile, .o*
2d M., g., imjonio for 5 years, $8,000 perniile....
372
115
630
100
6,2.50.000
lh»
1877
1883
1,000
1,000
7
6
1885
1886
1888
1888
1,000
.1,000
1,000
1,000
438.000
7,985,000
5,000,000
1,750,000
4,473,000
1.725,000
5,112,000
1891
1,000
100
1.52
8-
6g.
6g.
6
I.
5g.
())
Sandusky
<f-
dolumbus Short Line.—lat
M., gold.c*
Saniliiski/ Mansfield d- JN'eicorA-— Re-organized stoolt
Isi M..nit. gu. under lease byB.& O.and Ceut.O. . .0*
116
116
red. at 110. "04r
162
Ist Mort., gold
(lii-l,r)00,000), a.
f.
50
1869
1889
1885-6
265
&
Nor. 1st mort.. gold, $1'J,000 p.m..c*
Montgomery Terminal Co. Istmort., gold, guar.c
Savaiin ah Florida it irco/.— Stock
e*
Atlantic & Gulf cousol. mortgage
Bo. Ga. & Flor.. 1st Ms., end by State of Georgla.o*
Alb. Flor.
2d mortgage
e
347
58
58
1889
1890
1892
1,000
100
1,000
100
500
1,000
1,000
1,000
100
1867 500 &c.
1869
1,000
1869
1,000
profit ti> lessee was $11,983; In '88-9,
56,987; in 1889-90 profit $100,466 in 1890-91, $62,431. {V. 50, p.
; V. 52, p. 278, 832; V.
54, p. 286.)
Oct, 1891, $575,673. In 1887-8
1.
;
t 42
&
St. Paul
Diiliitli,— Owns from St. Paul, Minn., to Duluth, Minn
uiilea; branches to Clocquet, Grautsburg aud Sandstone, 28 miles;
leases— Stillwater & St. Paul Railroad, 13 miles Minneapolis & Duluth
BaUioad, 13 miles; Taylor's Falls & Lake Superior, JO miles; Duluth
Short Line, Thompson to Duluth, 18 miles; otlicr, 3 miles; total, 248
miles. Between North Pacific Junction ife Duluth, 24 miles, the road
la owned jointly with the Northern Pacitic.
The Lake Superior & Mississippi Railroad was sold in foreclosure May
1, 1877, and this (company organized June 27. The preferred stock la
received in payment for lands at par. Three shares of common stock
have one vote, and eacli share of preferred has one vote. Preferred stock
has a prior right to 7 per cent then common to receive 6 per cent.
In July, 1891, $175,000 of net proceeds from land and stumpage was
applied to the retirement of ^182,000 preferred stock. See V. 53, p. 157.
Dividends on common stock: In 1887, 3 and 15 in common stock; in
1888 and since, nil. Dividends on preferred since 1880: In 18S1, 10
stock in 1882, 3^ in cash; in 1883, 7; in 1884, 3H and 7 in preferred
fitook; from 1885 |to 1888,7; in 1889, 513; Jan., 1890, 2I3; Sept., 4;
in 1891, March, 2^; Sept, 4,'^i; in 1892, March, 3I2. The second mortgage covers the right to leased lines, but not the laud grant.
The company has a land grant, of which 1,068,855 acres remained unsold June 30, 1890, and 65,441 acres of the Taylor's Falls branch.
From July 1, 1891, to March 31, 1892 (9 mos.), gross earnings were
$1,483,116. against $1,168,114 in 1890-91; net $608,185, against
$429,674.
In tlie sIt mouths ending Dec. 31, 1891, the income account showed
net earnings $446,214, against $352,320 in 1890: ttxed charges, taxes,
rentals. &e., $158,323, against $14 1,636 in 1890; Interest aud exchange, $12,878; total net earnings, $300,769; land department, net
$68,054, against $60,854 in 1890; total net income 6 mouths $368,823,
against $274,376 in 1890. See V. 54. p. 276.
Fiscal year ends June 30, Report for 1890-91 was In V 53, p. 567.
1888-89.
1889-90.
1890-91.
•5g.
(»)
155
1,068.832
2.300,000
6,000,000
31a
4.1."30,000
5g.
7
1,614,200
350,000
3,290,000
400,000
208,000
6,403,400
1,780,000
7
6g.
6g.
6g.
5
7
7
7
464.000
200,000
N.Y., Of., 32 Nassau
Dee.
1,
1887
1892
1981
1917
1914
1916
1900
Q.-F. N.Y., Office, 35 WaU St Feb.
M. & N. N.Y.,Wln8low,L.iCo. May
do
Feb.
Bee rem.
do
1,
1,
1,
1803
1907
1923
1,
1,
1,
1,
1916
1926
1938
1913
$4,600,207 See rem.
5,194,910 See rem. M.
5
F.
1,000,000
A.
2,000,000
5
210,000
6
J.
M.
500,000
5
262,500
7
J.
J.
J.
&
&
&
&
*
4
<fe
&
&
A. &
M. &
Feb.
J. &
J. &
J. &
J. &
J. &
M. &
J. &
M. &
M. &
A.
J.
8.
do
do
do
do
do
D.
do
S.
A.
0.
St.
do
do
do
do
do
do
July
Mar.
Aug.
5,
1,
1,
Oct.
1,
1,
Jan.
Sept. 1,
J. Jan.,1890, coup, last pd.
J. Jan.,1890,coup. lairtpd.
Jan.
0. Apr.,1890, coup.last pd.
None paid.
0.
Oct
Oct
July
..WS
19^
J.
Nov.
Mo88N.Bk.,8and'ky,0. Feb.
N. Y., Union Trust Co Jan.
J.
N.Y.,46Wall,,i Fr'nk'frt Jan. 1, 1919
N. N. Y., Metropol. Tr. Co.
1.
J.
J.
J.
S.
J.
New York <t
Baltimore &
Americns. 1905
Americas. July
1,
1,
1,
A
1,
1892
1909
1906
1919
Baltimore.
July 1, 1920
Balt.Merc.Tr. <k Dep.Co. Mch. 1, 1932
N. Y. n. B. Plant.
Apr. 1» 1892
N.Y.,H.B.Plant,&Savan July
do
N.
do
N. N.Y.,H.B.Plant ASavan
May
May
1,
1,
1,
1897
1899
1899
First mortgage live per cent fifty-year gola bonds of
$1,000 each, carrying interest from .luly 1st, 1891
Issue limited to
$16,800,000-$21,000p.m
Reserved for extension to Llano aud
Austin and for additional rolling
stock as required
2,100,000
;
;
;
Present issue for the purposes of this reorganization
$14,700,000
Five per ceut nou-cumulativo preferred stock
$5,2.50,000
Common stock, par value $100 per share
$3,2.50,000
Assenting security holders will receive (1) for oln first mortgage 6 per
cent bonds, with July, 1890, and subsequent coupons attached, new
first mortgage .5 per cent gold bonds. $1,000
now per cent preferred
stock, .$1.50, and new oomiuun stock. $150. (2) For each old rtrst mortgage 5 per cent bond, October, 1890, and all subsequent ooupoaa
attached, new tlr.st mortgage 5 per cent bonds, $8>>0; new preferred
stock, $120; new common stock, $120. (3) For each old $1,000 socoad
mortgage bonds, all coupons attached, new fir.st mortgage 3 per cent
bonds, $225; new 5 per cent preferred stock. $230; new common
stock, $250. (4) For each share of old stock (in the bands of the public)
2.
3.
;
.->
$100 in uew stock.
Each holder of $2,000 old
firsts may subscribe to a cash fund created
to llcjuid;ito cash requirements for $830 of said fund, for which he will
receive .$1,000 uew tlrste, -fiSSO uew preferred and $330 new common.
The stock of the reorganized company is to be transferred to voting
trustees in exchange for beneilciary certificates, the committee being
named as trustees for three years from July 1, 1891. There have been
Issued $363,000 of Receiver's certiticates, otwhich $300,000 issued for
Waco Extension
In mouth of
are held bv reorganization committee.
were $138,667, against
April, 1892, gross earnings
$134,075 in 1891.
From January 1 to August. 31, 1891 (8 months), gross earnings were $1,066,872, against $1,001,693 in 1890; net $112.A report of the receivers for the year
909, against $140.33-3.
ending on Julv 14, 1891, was in V. 53, p. 608, showing gross earnings
$1,740,943; net $319,065. (V. 52, p. 204, 464, 499. 574, 899; V. 53,
p. 96, 608, 641, 846.)
Sandniky
Oolambux SUort Ijinn.— Columbus, O., to San1,410,527
1,406,865
1,621,939 dusky, O., 110 miles, to bo built in 1892 in interest of C!ol. Shawnee Sc
Clross earnings
1,017,458
1,071,192 Hocking. V. 54, p. 486. Mortgage is for $3,000,000, at $20,000 net
Operating expenses and taxes. ... 1,052,394
mile for oonstruotlon and
per mile for equipment. Metropolitan
393,069
550,747 Trust Co., trustee. Capital$3,000
354,471
Net earnings
.««.-«
stock, $3,000,000; par $100. V. 54, p. 588.
Total net Income
402,178
415,566
575,893
Sanduslcy
nansfield
ic
Newark.—
Owns from Sandusky, O., to
IHsburseTn ents~~
Kentals
78,890
82,003
93,548 Newark, O., 116 miles. Leased to Central Olilo, guaranteed by Baltimore
till
&
Ohio,
Feb.
Deo.
1926.
with option to the Bait A
23,
1880,
1.
Interest on bonds
119,702
150,000
150,000
P'T deuds
295,040
134,117
318,749 Ohio Co. to renew for terms of 20 years each. It is operated as Lake
Erie
division
Baltimore
Ohio
system.
Rental is $201,850.
of
the
&
MisoeUaneous
20.218
26,912
31,900
The Baltimore & Ohio's guarantee of Interest is endorsed on the bonds.
to 1888, 3 per
Dividends
from
1883
from
1881
to
1884,
2
per
cent;
Total
393,032
624,197
513,851
BaLtrom RR. operations
def.111,673 sur. 22,534 dof. 48,304 cent; from 1889 to 1892, InolusivcSia p. e., payable annually Feb. 1. In
to
lessee,
18S9-90
gross,
profit
$47,163.
$1,211,170;
net,
$271,397;
Beets, from stumpage and lands.
111,596
192.848
249,546
In 1890-91, gross. $1,106,818; net 255,339;
Balance
def. 77 sur. 215,382 sur. 201,242
San Francisco Sc Nortlt PaclHc— Point Tiburon, Cal., to UMah,
Cal., 106 miles, and branches, 56 miles; total 162 miles. Consolidation
—(V. 51, p. 241, 275, 636; V. 53, p 157. 567; V. 54, p, 276.)
of various compaules March 19, 188!). Conuects with San Franolsoo
St. Paul mnueapolla Sc ITIanltoba.—See Qkeat NOBTHGRN.
(6 lulles) by company's steamer. Bonds Issued at $25,000 per mile;
St. Paul 4; Northern Paolflc.— Line op Road— Braincrd to trustee. Mercantile Trust Company, New York; sinking fund, $25,000
Minneapolis, 139 miles, and branches to St. Paul, &o., 79 miles; total, per annum, and bonds drawn (or purchased) at 110 and Interest
218 miles. Owns terminals in Minneapolis ou 20 acres, and owns in all [See al)stract of the mortgage in V. 49, p. 241.] Capital stock, $6,000,«ome 400 acres aboutSt. Paul and Minneapolis. The land graut (197,388 000; par $100; no floating debt
acres unsold March 1, 1890,) is between Braincrd and Sauk Rapids; proFrom July 1, 1891, to April 30, 1892 (10 months), gross earnings
ceeds of lauds are tirst applied to purchase of Western Mluueapolia were $731,906, against $675,533 in 1890-91; net, $259,311, against
bonds, then to general mortgage at 120 or imder. The road, with its $218,445. For six months ending Dec. 31, 1891. surplus over charges,
terminal property. Is leased for 999 years to the Northern Pacitlc, at a $119,977, against $79,547 in 1890.
net rental equal to 40 per ceut of the gross receipts, but any surplus
In
over 6 per cent on stock is divided equally between lessor aud lessee. net,
The bonds are guarauteed by Northern Pacitlc. Interest on coupon 000 ito (
*onils is payable F. & A.; on registered bonds, Q.— F. The stock is President, San Francisco. (V. 48, p. 800; V. 51. p. 205; V. 53.p. 186.
]?la<i!d in trust viHh the Fanners' Loan & Trust Company, but power to
Savannah Americns Sc Montgomery.—^.Sc« Map.)—Ownt
vote Is in the Northern Paciflo Company; " beuetlcial certiticates," entltliug holders to dividends, are issued. Of the stock $3,752,500 Is from Lyons, Qa., west to Montgomery, Ala., 265 mdee, and leases A.
F. & N. Railroad from Cordele to Albany, Ga., 35 miles; total operowned by Northern Pacitlc. Dividends from 1883 to Aug„189 1, iuolust ve, ated
300 miles. An extension from Omaha to Montgomery, Ala., 80
6 per ceut per anniun, aud In 1891 by division of surplus miles,
was opened in April, 1892. See V. 54, p. 684. Under a traffic
6 per cent extra. In year ending June 30, 1890, gross earnings contract
with the Savannah & Westeru through trains run via this
were $2,032,099; rental from Northeni Pacitlc, $740,652; other rentals,
&e., $161,274; total net hicome, $901,926, from which paid interest lino from Savannah to Birmingham, Ala.
Preston & Lumpkin. Of the let
This
was
Ac, $538,803; dividends, $330,000; total payments, $868,803; surplus, mortgage formerly the Americns
bonds $100,000 are a first lien on 38 miles ; the others cover
$33.123.-(V. 49, p. 23, .540; V. 51, p. 535.)
extensions, being a second lien on the 38 miles. The consolidated
San Antonio ic Aranias Pass.— rSe« 3f«n;—Owns from KerrvlUe mortgage Is for $4,100,000 (Mercantile Trust Company of Baltimore,
to Aransas Bay, Texas, 221 miles; Kenedy to Houston, 176 miles; trustee). Stock authorized is $5,000,000: outstanding, $1.614.200 par
Yoakimi to Waco, 165 miles SMdmore to Alice, 43 miles ; Shiner to $100. Car trusts aud notes $557,494 (including interest), due yearly
I«ckhart, 55 miles; branohes to Corpus Chrlstl, &e.. 22 miles; total, 1891 to 1898, payable In monthly instalments. Cousol. bonds listed
682 miles. Company was unable to meet Jnly, 1890, in ou N. V. Stock Exchange Jan 1892. gee V. 54, p. 120. The entire
terest, and on July !.£. B. F. Yoakum. Vice-President, and J. S. Mo- stock of the Montgomery reriuinal Co. is owned, and its bonds, as well
Hauiara were appointed receivers. See V. 51, p. 21, 85, 207. For the as those of the Albany Florida & Northern, aie guaranteed, principal
report to the bondholders on the condition of the property see V. 51, p. and intert'st, by endorsement on the bonds.
845. In May, 1892, foreclosure sale of the property was ordered for
From July 1, 1891. to Mar. 31, 1892 (9 months), gross eamirgs were
November I, 18!I2. The plan of reiirganlzatiou of March, 1«91 (see V. $379,023, again.st $380,927 in 1 890-91; net, $146,258, agst $168,208. la
«2. p. 464), which Is now cITectlve, provides for the following new year 1890-91 earnings on 175 miles, $491,499; net, $209,303. (V. 62,
seonriUes, covering all the property
p. 322, 535, 796; V. S3, p. 257, 754; V. 54, p. 120, 276, 684.) »rtt «
&
;
;
,
139
INVESTORS'
SUPPLEMENT.
[V.,L.
LIV.
i
:
May,
EAILROAD STOCKS AND BONDS,
1802.J
Subscribers
nrlll
las
confer a great favor by Klvlnc Immediate notice of any error discovered In these Tables.
INTEREST OB DIVIDENDS.
RAILROADS.
ps1,When Due.
Miles Date Size, or
Amount
per When Where Payable, and by «for/M— Laot
of
P»r
For explanation of cohinin headings, Ac, see notes of
Outstaudlug Bate
Payable
WTiom.
Cent.
Dividend.
Road. Bonds Value.
on first page of tables.
Saraiinah Florida
Bav.Fla.
&
tC
Western.— (Concluded).
\Vii8t,,ooii8ol.M. ($6,.')00,000) ,gold.<-*4r
MoDticeUo extension bonds
0*
Brimnwick <fe Western Ist M., gold, guar
Income Ixiuds, non-riimulatlve
M.,gn.c*
West.lst
Savannah a Weiilern—C<Anmh. &
0*
CoInnibuR & Home Ist mortgage guar
l8t consul, niort. (.$18,000 per mile), gold, gnar.o*
Rome & Carriillton 1st mortgage, gold
c*
CUatt. Rome & Col. 1st, gu., $16,000 p.m., gold.
Schuylkill dt Lchigh-\fX\\\., guar. p. & 1. by P. & R.
0Bciolo Vallen d- N. Eny.— 1st mortgage, gold
Seaboardjiloanoke—BVk ($244,200 Ispf.gu.Tp.o.)
r
Debentures, registered
0*
1st mortgiigo for $2,r>00,000
Eqiiiiiment bonds, Heries A<&B
SeatUe Lake S. if- £««(.— l8t M., g., $25,000 p. m.c*
O'&r
Shamohin Suiibury it Lewiaburg—lut mort
0*
2d mortgage
ShumokiH Val. <« Potlsville—8toe\L, guar, by Nor. C.
o
Ist mortgiigo, gold, on road and lands
Shore Line( onn.;— St'k,7iap.c.rent.N.Y.N.H.&H.
Ist mortgage
Silcer Sp. OeiUa <t Out/— lst,\. gr. (.$15,000 p.m.)g.c*
o*
*iVort/ierH—l.st mortgage, gold
<* tre«(.— 1st M. ($18,000 p. m.) g.c*
Sotilh Hound— 1st mort., $15,000 per mile, gold..c*
South I arolina—lat mortgage, sterling loan
Ist consol. mortgage, gold
c*
2d consol. mortgage
c'
Income mortgage bonds (not cumnlative)
Sotith Florida— lai mort. ($12,000 per mile) gold o*
Siojix
(
1(1/
Sinix Cil„ O'N.
,
Savannah Florida
tc
.
545
171
158
50
427
22
140
44
131
81
81
218
31
31
29
28
49
49
74
96
130
136
247
247
247
247
189
1884 $1,000
1889
1888 500 &c.
1888
1,000
1881
1,000
1884
1,000
1889
1,000
1885 10(} Ac
1887
1,000
1872
1889
1,000
....
100
1886 100 &c.
1886
1,000
1886
1882
1890
.1.
S^a
61»0,0<)0
800,000
500,000
50
869,4.50
2,0(M).000
,000,000
1,000,000
1
500 &c.
100
1880 l.OOO&c
1888
1,000
1890
1,000
1891
1.000
1891
1,000
Various
1868
1881
1,000
1881
1,000
1881
1,000
1885
1,000
Ga., to
.T.
600,(M)<)
5,(M)<),000
5,4.^)0,000
Chattalioochee, Fla., 258 miles 3 branches to Bainbridge, Ac, 15 mile-.
Dujiont to Gainesville, 118 miles; Thomaaville to Albany, 58 miles;
ThomasviUe, Ga., to Monticello, Fla., 24 miles; Waycro.ss to JaeksonTiUe, 75 miles; Fort Wliitc, Fla,, to Lake City, Fla., 20 miles; total, 569
miles. In January, 1888, contnH was purchased of the Brunswick &
Western Road, Brunswick to AlbaJiy, 171 miles, with bonds as above,
In 1890 a controlling
the first mortgage bunds being guaranteed.
Interest in the Alabama Midland was acquired by the Plant Investment
Co., which controls the system. See Alabama Midland; also, V. 51, p.
60. The Metropolitan Trust Co., of N. Y., is trustee of the mortgages.
The Savannah Florida A Western stock ia $6,403,400 (par $100) and
dividends have been: In 1881, 9>2 per cent; in 1882, 6^; in 1883. 7; In
1884,4; in 1887, 1%; In 1889,4; In 1891, 2; in 1892, April. 5.
From Jan. 1 to J,in. 31,1892 (1 mouth) gross earnings were $326,624, against $328,213 in 1891 net. $151,652, ag.iinst $146,346.
In 1891 gross earnings, $3,288,862; net, $1,111,153; in 1890
surplus after charges, $101,802.
gross, .$3,038,473; net, .$045,!)36
Total surplus January 1, 1891, $140,217; deduct dividend (2 per cent),
$131,946; balance, $8,271. H. B. Plant, President. New York. (V. 51,
p. 50; V. 52, p. 761; V. 54, p. 441.)
;
8(I0,(X»0
l,:i()'2,<)00
1,000,000 See
200,000
1,110,000
1,920.000
2,310,000
96,000
83,092
4,883,000
1,130,000
2,538,000
2,256,000
& O. N.Y.,H.B.PlantA8avan. Apr. 1, 1934
do
do
Apr. 1, 1899
& O.
& J. N.Y.,12 W.23dHt.A8av. Jan. 1, 1938
None paid.
[ri>:decmablB.
A J. N.Y., Pecurity A Tr. Co. Jan. 1, 1911
6
do
Jan., 1914
do
6
J. A J.
do
Mch. 1, 1989
do
5g. M & H.
V. Y., 8. Borg A Co.
Jan. 1, 19IS
A
6g.
5 g. M. & H. N. Y., Heciirity A Tr. Co. Sept. 1, 1937
4>3
M A N. l'Uila.,I'Uil. AKead.KR. Nov. 1, 1902
4g. M A N. N. V.,c:entral Tr. A I'liil Nov. 1, 1989
com. M A N. Bait., Farm.A Plant.Bk. May 2, 1892
Portsmouth, V'a.
Aft. July,1918
6
V. A A.
N.Y., Baltimore A Phlla. July 1, 1926
S
J. A
yrly-$50.000
scml- in.
5
F. A A. N. Y., Union Trust Co. Aug. 1, 1931
t'- M A N. PUUa., Phil. A Read.RR. May 1, 1912
do
July I, 1935
do
J. A J.
t'- V. A A. Phila., Penn. RB. Co. Feb. 1, 1892
do
July 1, 1901
do
J. A
N. H., Nat. N. H. Bank. Jan. 9, 1892'
rem.
A
413
do
March, 1910
M A R.
do
New York, 187 Fulton July 1, 1918
J. A
J. A J. N. Y., Manhattan Tr. Co. Jan. 1, 1920
New York.
Oct. 1, 1921
A. A 0.
A. A 0. Baltimore A Savannah. Apr. 1, 1941.
London.
J. A J.
On demand.
A. A 0. Coupon Apr.,1891,pald. Oct. 1, 1920Last paid July, 1888.
J. A
Jan. 1, 1931
6
Yearly.
Jan. 1, 1931.
6 g. J. A J.
Jan. 1, 1915^
A.
A.
J.
200,000
7,755,000
150,000
2,090,000
1,000
1,000
1,000
1871
Western.— Owns from Savannah,
$4,050,000
290,400
3,000,000
3,000,000
.1.
.1.
.1.
.1.
.1.
•T.
.1.
ulty November 1, 1870, at $100,000 net per annum. Dividends usually
3'4 or 3^2 per oent in January and 4 per cent In July. Operations ana
earnings are included in the reports of the lessee.
Silver Sprlniis Ocala ic Gnlf.— Projected from Ocala, Fla., to
Point Piuellos on Tampa Bay. about 200 miles, and completed from
Ocala to Inveruess, with branch from Gulf Junction (near Diiunellon)
to Houmsassa, 74 miles; trackage, 4 miles; sidings, 2 miles; total
operated. 80 miles. Stock. $1,500,000, par $100. There Is a land grant
of 13,840 acres per tulle, of which the mortg!»ge covers 4,000 acres per
mile. Thomas (5. Hoge, President. 56 Wall St.
Slonx City & Nortliern.— C.Sce Jfr(/>;— Owns road, completed In'
February, L890, from Sioux City northerly to G.arretson, So. Dak., 96 miles.
At Garretson connection Is made with the Great Northern, with which
is a tralHc contract for thirty years.
The road forms part of the
Great Northern's through route from Sioux City to Duluth, a distance of
435 miles. The mortgage (trustee, Manhattan Trust Company) t»
limited by supplemental deed to $1,920,000, the amount now ouV
standing. Stock authorized, $10,000,000; out-itaudlng, $1,410,000.
From January 1 to March 31, 1892 (3 months), gross earnings were$101,014, against $103,058 in 1891 net, .$42,972, against $44,602. Ib
1891 gross, $146,326; net, $193,144. In 1890 gross, $310,016; net,
AVentcrn.— Owns from Birmingham, Ala., to Amcr- $133,618. (V. 50, p. 276, 3.53; V. 51, p. 416. 4,59.)
Savaiinali
Icus, Ga., 222 miles; Columbus to Greenville (narrow gauge), 50
Sioux City O'Neill Jc Western.—Owns from Covington, oppostta
Roanoke, 39 miles; Eufaula to Ozark, 00 miles:
Opelika
to
miles;
Meldrim to Lyons, 58 miles; Griilin t« CarroUton, 60 miles; Griftin to Sioux City, to O'Neill. Nebraska, 130 miles. The Paoifiu Short Lin©
(Including In it the Nebraska A Western) was foreohised Oct. 23. 1891,
Chattauooga, 200 miles; total, 689 miles.
In May, 1891, the Chattaiioo^-a Rome A Columbus, Chattanooga to and this compauv organized with stock of $3,60 :).0 )3 (par $100) and
Carrollton and branches, 176 miles in all, was purchased tor $400,000 bonds of $2,340,000. The mortgage (trustee Manhattan Trust Co. of
oonsolidated 5s, tlie .Savannah & Western guaranteeing its $2,240,000 New York) covci-s the road, its eiiiipmeut and terminals and $2,000,000
stock of the Pacittc Short Lino Bridge Company, organized to cou'ttruet
first mortgage bonds by endorsement tliereou.
This was a consolidation in August, 1888, of the Columbus A Western a bridge at Sioux City. (V. 52. p. 571; V. 53, p. 157. 326, 136, 611.)
l>clongs
Central
of
Georgia
system.
Stock
roads.
Road
to
the
other
Sontli Bound.— Completed in Sept., 1891, from Savannah, Ga., to
and
Js $3,000,700 (par $100), all owned by the Central of Georgia. The Columbia, 8. C, 136 miles, ci>uuectlug at Columbia witli the RielruondA
Trust
Company,
New
York)
is
(trustee.
Central
mortgage
Danville
for Washington ivud at Savauuali with the Savannah Florida 4i
consolidated
for nominally $18,000,(K)0, of which .$1,500,000 held in trust for prior Western for Florldi points. The Savauuiih Construction Coinpaay,
principal
and
in
V.
intere.st
is
.ibstract
of
mortgage
210;
with
liens;
49, p.
a capital of $737,000, had the contract for building the road.
guaranteed by Central Railroad A Banking Company of Georgia. In Track laid with 60-lb. steel rails. The mortgage Is for $2,250,000.
1889-90 gross earnings on 380 miles were $889,362 net, $208,086, trustee. Mercantile Trust A Deposit Company of Baltltnore. Capital
against $87,485 in 1888-89. President, Gen. E. P. Alexander, Savan- stock. $1,000,000. From J.-vn. 1 to March 31, 18 2, grosi earning*
nah. Ga.-(V. 47, p. 218 V. 48, p. 729 V. 51, p. 910.)
were $10,720. Pros., Mr. H. M. Coiner, Savannah. (V. 53, p. 157.)
I.«IiigU.— Owns from High's Farm, near Beading,
Scliuylkill
South Carolina.— Owns from Charleston to Augusta, 8. C, 137
Pa., to Slatington, Pa., 41 miles. Reorganized in 1880, and in 1883 miles; branches to Columbia, 63 miles, and to Camden, 33 miles; extenyears.
Rental,
per
Philailelphia
&
Reading
for
999
$27,000
leased to
sion, 4 miles; total main line and branches, 247 miles. The Carolina
annum. Reading owns the stock ($50,000) and $400,000 second mort- Cumberland Gap A Chicago R.tilroad, from Aiken to Edgeltcld, 34
mortgiige
bonds
are
guaranteed.
miles, and the Columbia Newberry A Laurems Ballroad. from Columbia
gage bonds. The tlrst
Sclmylkill Valley.— Owns from Palo Alto to Reevesdale, Pa., 11 to Clinton. 63 miles, are leased by the receiver of this road, aud opermiles; branches, 8; total, 19 miles. Leased to Philadelphia A Reading ated in connection witli it, making 334 miles operated.
Sold In torodosure July 28, 1881, and on Jan. 1, 1889, the company
BR. for 999 years from Sept. 1, 1861, at 5 p. c. on stock. No bonded debt.
defaulted again. Foreclosure suit under tlrst mortgage is pending, and
Scioto Valley ic New England.—SEE Norfolk A Westekn.
one plan of reorganization was given iu V. 53, p. 969, aud another
Seaboard
lloanoke.—Owns Portsmouth, Va., to Weldon and January 16, 1892, on p. VL of advertisements. In April, 1892,
branch, N. C, 81 miles; leases Roanoke A T. R. Railroad, 29 miles. holders of first consols opposed to a reduction of iutere-<t on
Also has a coutrolUug interest in the Raleigh & Gaston Railro.od, 109 their bonds were roquestea to sign a protest at the ofllce of
miles, and thus in the Ualcigli A Augusta Air Line, 107 miles, and Caro- Kessler A Co., 54 Wall St., N. Y.
In October, 1839, D. H.
lina Central, 269 luilcs; also controls Pittsboro Railroad, 11 miles; Chamberlain w.is appointed receiver. There are also $178,000 old 5 par
Carthage Railroad, 11 miles; and the Georgia Carolina & Northern, oent first mortgage ext«udcil bonds, payable 1892, and .$8,000 7s, due
266 miles (completed in Ai)rll, 1892). afi'ording a through line to At- 1907, in addition to those above. Ou July I, 1891, the Beoeiver pall
lanta; total of all, 884 m. This is the " Seaboard Air Line " Company.
to date interest on all bonds having a lieu prior to that of first consols
Of the stock, $1,058,700 is oominon, $200,000 is Ist preferred 7 per and in Marcli, 1892, he paid the coupons due April 1, 1391, on the flrst
cent giiaranteeil and $14,200 Is 2d preferred guaranteed. Dividends consoK The stock is $4,'204,160; par, $100 oar trusts, $74,434, due
on common, formerly 10 per oeut, have been from Nov. 1890, to .May, December, 1893.
1892, both inclusive, 7 per cent i)er annum (31*2 semi-annually). The deFrom July 1 to March 31, 1892 (9 months), gross earnings were
bentures above arc to ho included in any 2d mortgage Issued. After $1,247,531, against $1,371,157 In 1890-91; not, $440,950, against
August 1, 1916, they are payable at will as a whole, or in 10 per cent $528,1'25.
Instalments. Car trust September, 1891, 5 per cents, due In 1900 and
Report of Beceiver for year ending Oct. 31, 1891, was In V. 54, p. 38.
1901, $250,000. With Raleigh A Gaston guarantees the bonds of the Earnings have been as follows
Georgia CarolinB A Nortliem (which see), and to equip that road has
INCOME ACCOUNT.
Issued Jointly with the R. A Q. the al)ove equipment bonds.
1890-91.
1889-90.
In year ending June 30. 1891. gro.ss earnings on road proper, 114 Mileage
247
310
miles, $771, .572; net, $-29 1 ,627; other iucomo, $77,147; total net Income, Gross earnings
$1,546,087
$1,771, 189f;i68,774; Intorest, reutal.-i, Ac., $124,037; dividends (7 per cent), Operating expenses
1,178,38S
1,015,320
$94,203; surplus for year, $150,534; in 1889-90, gross, $681,619; net,
$275,267; surplus over tlxed charges, $235,154; dividends (lOpercent),
Neteamings
$592,274
$530,761
balance over dividends, $104,864. J. M. Robinson, President, Balti- Taxes and rentals
$115,4a»
more, Md. (V 51, p. 344; V. 52, p. 3.50, 427; V. 53, p. 324.)
-(V. .52, p. 41; V. 53, p. 368, 969; V. 54, p. 32, 120. 329.)
Sliainoktii Siiiibury dc I.(eTrl«bnrg.— Line from Shamokin to
South
.\«rtli .\labaina.— r^^ itap of Louisville <* Nashville.)—
West .Milton. I'a., witli iron bridge over Susquehanna, 31 miles. Le:vsed Onwns from Decatur, Ala., to Montgomery, Ala., and branch. 188 mllea
to Philadelphia A Reading till Julv 20, 2883, and useil for coal traffic Controlled bv the Louisville A N:>shville RR. Co.. which on June >•northward. In 1890 stock was increased to $2,000,000 and new 2d 1890, owned .$-i.)00.000 2d mortgage bonds, $1,882,000 consolidated
mortgage was issued. Stock. $2,000,000; par, .$50. (V. 51, p. 21.)
5s,Ac., all the $2,000,000 preferred and $1.3 73,000 of the $1,482,071,
Sliamokln Valley 4; PottHvIllc.- Lme of road, Sunhury, Pa., to common stock, most of the stock being pledged under its unified mort.
Mt. Cannel, Pa., and branch, 30 miles. Leased February 27. 1863. for gage— par, $100. The first mortgage and oonsol mortgage honds are
999 years to the Northern Central Railway Co., with a guarantt* of guaranteed principal and intorest by L. A N., the first ii.ortcatre bonds
taxes, interest on thi' Imiids and
per cent on the $869,450 stock (par being indorsed with tlie guaranty. In year ending Jime 30. 1890. gross$.50), of which $619, 100 is owned by the Northern Central.
Pennsrl- earnings were $2,202,151; net, .$637,247; deficit under interest, Aa,
vanla RR. owns $605,000 7 pi-r cents. Gross earnings for 1889. $403,- $60,279, ag.ainst $225,536 iu 1888-89.— (V. 50, p. 314 V. 53, p. 370.)
2-12; nct,$21:i,5.V.). Gro.ss earnings for 1888, $409,677; not,$195,636.
South PaelHc Coast (Narro»v-zaug;c).—Owns from Alameda
George B. Kolierts, President, Philadelphia.
to Santa Cruz, 77 miles; branches, 27 miles; total, 104 miles. The road Is
Slior*" I,lnc (Conn).— Owns New Ilaven, Conn., to Now London, loivsed for 55 years from Julv I, 1887. to the Southern Pacittc Company,
Co iu., 49 miles. Leased to pew York A New Haveu BB. Co. in periiet- which guarantees the bonds and owns all but $7,000 of the stock.
there
;
;
;
&
;
;
;
&
&
;
&
;
134
INVESTORS'
SUPPLEMENT.
(Vol. LTV.
.
.
Mat,
RAILKOAD STOCKS AND BONDS.
1802.1
wUI
Sabnerlbers
139
coafer a great f«.¥or by ulylng InuneOlate notlco or any error diaeovered In theae Tables.
^«f/«— Prinol
INTEREST OR nrvri)ENi)s
Miles Date Sl7,c, or
pal.wiii-u Due.
Amount
be»<llni;)i, &o., see notos
of
of
Par
Outstttiidinir^'"*" P" ^''*" Where Pavalilc, and by storkn-Laat
uuiflittuaing
RAILROADS.
For explanation of roliiinn
oil tli'st puxc of
Bo.ifNo.Alabiiinu
Road. Roods Value.
tables.
— lRtM.,».f.not dr'ii;xiiar.l)yL.<tN,
1873
18S0
1880
1887
18t»
18!)
2rtiiioit. Kolil. 8. f. $v;<),<tOO (owned liy L. AN.)...
CoiiHOl. uioitKa;,'e (for $10,000,000). trolcl, «imr.o"
18»
B.l'ucijie «u«/— iKtM.,K.,giiar. («. t. begins l'.)12|c
104
Siritlh f'ennsi/lenniu
bt4ick
,,.
Boulhri-ii ci'ilrtiUN. T.;—Stock
i^..t....
CoiiMili(Iat<>(I inort»;ai<e convertible.,. .,.'.-;
e
Ii'iiiiili'd (MiiMioua cousol. iiiortcaKc
;
Soillhrrn fitiltlr. 'OJ//'.! .VV— Stock($150,000,000) 5,!)"3i
StcaiuHliip l«t inort)?ase bonds
—
lU
Sonih.
/'(«'.i»/'.'lpiso/4«— iHtM, ner.
Boulhini
("a/.;— Stock
I8t uioittfaKCBeries A, gold
BeriK» B, gold
Seiliw
(J
I'lnittn
388
gold
K, gold
Uuid Krant. .c
sink'g^lnd..o'
(not subject. .C
.
i
I
1,042
to c.-jll
c'
8o. I'ac. Biaiic-h Ist
fund In 1M1)7
03
, sink,
So. I'ac. gtnmial mort. (.$38,000,000), g()ld...c*.tr 1,41)0
Stockton & Copiieiopolls lut M., g. (guar, by C.P.)
45
Soulhirii I'aii/ic
1 Bt
1,000
1,000
'ioo
200&C.
1882
1887
iob
iS'Ji
70-'80
i',6oo
100
«/'
j
M
Sew
.'
J/cxico— Stock
mortgage, gold
i07
333
c,tr
Soulhwegierii (Uu.)— Block, 7 p.
o.,
guar. Cent. Qa.
—Stock
if."),000 yearly, not drawn
Sorthi-rn — Stock
Southwest PeunKifipania
r
89
80
o*
i'27
Buuiitiu iniyrili i"'(J/or.-8tock,8p.c.gu. N.Y.Cont.
Blale Lille
SitlUvtm Stock
iBt mortgage
o*
Staten Jutumt Ist mortgage
f...
6
l8t M., sink, fiiiiil
Bpitkaim Fttlis tf
l8t mortgage, $20,000 p. m., gold
—
•
iSHon.ooo
^2,000,000
3,155,000
5,500,000
$1,000
I
it I),
SerlcnE A
A&B, g.,g>iar.c,fcr
^,g„£
je200
"25
13
—
Slalen Inland Kamd Transit—8Utc^
l8t mort. gold, $ or £, sinking fund notdrawn. ..o*
All'.
fl875 .500 Ac.
1875 500 Ac.
1870 .500 Ac.
[1882 500 Ac.
1887
1888
1,000
1875 500 Ac.
100
1881
1,000
100
50
1877
1,000
100
1889
1,000
100
50
1879 100 Ac.
1873
1,000
100
1883
1,000
,
1
of mortgage Is Farmers' Loan A Trust Company. The stock Is
$6,000,000; par, $100. In 1891 gross, $1,107,773: net. $393,807.
against $294,574 In 1890; surplus over charges, etc., $124,817 (V.49,
Tmstee
p. 540.)
Southern Central (IV. Y).— Owns from North Fair Haven, N. Y.,
to Peunsylvania State Line, 114 miles, and branch 2 miles. The I^lilgh
Valley leased this rosvd from January 1, 1887, for 975 years, without
any guaranty of interest. There are $90,000 of 7 per cent prior bonds
due in 1899. Six coupons from August 1, 1880, inclusive, wore funded
Into income bonds. In May, 1892, oousol. uiorigaKO bonds were sold
with coupon of August, 1889, still on, and the funded Interest bonds
with coupons of May, 1890, on. Stock. .$1,774,950; par, $100. In
1890-91 grosp earnings were $521,919; net. $71,546; charges, $199.812 deJIcit, $127,766. ITiomas C. Piatt, President— (V. 51, p. 715.)
:
COMPANY,—
Sontliern PaclOc
C^ce Jfan;— This corporation
was organized August 14, 1884, under the laws of the State of Kentucky.
It has acquired a trans-Contiueutal system of railroads, with steamghlp lines from New Orleans to New York, etc. On Jan. 1, 1892, it had
proprietary lines in its Atlantic system aggregating 1,750 miles; in its
Pacltlc system, 2,581 miles; total proprietary lines, 4,332 miles; leased
lines (other thau proprietary lines) in Pacitlc system, 2,129 miles; total
railroad lines. 6,461 miles.
The leased lines other than the proprietary lines are: The Central
Pacltic, the Oregon A California and ilie California Pacific railroads.
The terms on which these roads are operated are stated under the head
of each company respectively.
The proprietary lines, with a total mortgage Indebtedness Jan. 1,
1892, of $119,690,716, are all practically owned—only $2,334,477 out
of their total stock of $164,717,227 not being held on Jan. 1, 1892, by
the Southern Paclllc Co. Five of the proprietary companies as below
designated are operated for 99 years from April 1, 1885, under the
BO-called oninibus lease, under which the Southern PaciHc C'oin|)auy
agrees to maintain the roads, to pay all lixcd and other charges, including Interest on bonds and floating debt, and to divide the total net
proHts from operatiug, after making these payments, among the several
parties to the lease, the Southern Pacitlc Company to recflve 10 per cent
Of such prolits, and each of the other live companies the percentage
1,774, 950
3,30O,,000
475 ,740
llfl,S.5«,,170
1,1)00,,000
10,0(K),,000
0..13.1,,300
13,452,,.500
4,710,,m)0
8,420,,(K)0
5,2il5,,000
3,.578,,000
11,375,,000
500,,000
0,88><,,800
4,180,,000
5,147,,500
1,409,,900
900,,ooo
2,500,,000
2,546,,000
6
5
4
j
A.
F.
J.
/
F;
'H.
6
J.
J.
6
6.
8
6
6
g. A.
g. A.
g. lA.
6g. A.
««. A.
A.
5
g-
J.
'eg. J.
J.
M.
5
7
F.
6 g.
989, 000 8 per an.
990, 000
300, 000
300, 000
500, 000
1,000, 000
Payable
M.
g.
g.
g.
g.
J.
J.
J.
7
A.
6
g. lA.
4 N,
A O
A A
A J.
a
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
Wliom.
DlvldcudT
Loudon, Baring Bros
May
N. Y. Of., 120 Broad w'y Apr.
do
do
Aug.
N.Y.,S.Pac.,23Br'd8t. July
A. Aug., 1889, coupon on,
N. May, 1800, •oupou on
J,
J.
J.
do
J.
New York, 23
S.
1936
1937
1,
1,
1923
1897
11110
N. Y.,23Broail8t.
Jan. 1. 1911
N. Y., S. Pac, 23 Br'd St. Mcb., 1900-10
O. N. Y., B.Pa<i.V23Br'd St
O.
do
do
do
O.
do
do
O.
do
O.
do
do
O.
do
do
D.
Feb.
Nov.
1003
1,
1,
1,
1,
do
Apr.
1,
1,
1,
1,
1,
1,
1,
Oct
Oct
Apr.
Apr.
Oct
Jan.
1905
1905
1906
1912
1937
1939
1909
Broad Bt. Jan. 1, 1911
Deo. 31, 1891
233 8. Fourtli St. Moh.31, 1892
do
do
Feb. 1, 1917
Savauunli awl Macon.
Phlla.,
A.
J. N. Y., CUiUH) Nai. Bank,
J.lN. Y.. Or'd Cent. Depot.
July
193»
1892
1,
Jan..
J. N. Y., Union Trust Co. Jan. 1,
O. N. Y., foot Wbiteliall St. Apr. 1,
O. N. Y., foot
WUltchaU St Jan.
1,
189»
189S
1918
Southern Faeiflc of Arizona.— This is the connecting line ot
the Sontliern PaciHc of Callfoniia, extending from Viima to New
Mexico lioiiudiiry, 388 miles. The stock Is $19,995,000, iill but $2,400
being held by Soiithcm Pacific Co. The bonds consist of series .\,.$6,000.000, duo 1909, and Series B, .$4,000,000, due 1910. Opcnited under
lease to Southern PaciHc no., the lessee paying all charges ami also 12
per cent of the net proHt« of the whole Southern PaciHc system.
From March 1 to March 31 (1 month), gross earnings In 1892 wer«
$150,789 against $144. 138; net, $45,318, against $21,252.
In 1891 gross earnings were $2,028,689 net, $570,4 14 ; defloit under
charges, $118,294, against $25,.576 In 1890; ;net profit due the company under the lease, $241,930.
;
Southern PaciHc (of California).- r*Ve« Map.)— this Is the
of a consolidation May 4, 1888, of several lines in California,
including the company of the same name, which had been fonned
by a consolidation October 12, 1870. The total mileage completed
at the close of 1891 was 1,716, of which 242-5 miles were leased
to and opi rated by the Atlantic A Pacific RR. Co. Balance leased to the
Southern PaciHc Co., which owns most of the stock, the lessee pavliuf
the interest, fixed charges, bettennents and additions, and $1,310,350
per cent of the surplus Income of all the roads operated under ttu>
" omnibus lease."
title
STOCK AND Bonds.—The authorized stock is .$90,000,000, par $100, ot
which $65,135,300 is outstanding, all hut $20,3.50 being held by the
Southern PaciHc lompany. The first mortgage bonds of the several
series are all equally secured. They are being gradually retired with
proceeds of land sales, Ac. They are not subject to call. There Is also
a sinking fund of $100,000 per year. The new mortgage for .$38,000,000 Is dated August 25, 1888, to cover old line and new roiuls acquired
trustee. Central Trust Compiiny. In April, 1891, It was a first lien on
469 miles. See mortgage abstract, V. 49, p. 509.
Land Grant.—The land grant was 1 2,840 acres per mile, and proceed*
of sales go to retire bomls. The total lauds unsold January 1, 1892,
were estimated at 7,200,000 acres, but a large proportion of this is barren and useless for agricultural purposes without irrigation. In 1891
tlie net sales were 46,255 acres, for $204,794
interest on deferred
payments, $164,526;. land notes outstmding January 1, 1892, $2,879,;
;
416,
Indicated below.
From March 1 to M.irch 31 (1 month), gross earnings were $777,786.
Proprietary lines operated under omnibus lea.se
Southern Pacific of
1892, against $693,991 In 1891
net, $312,644 In 1892, against
44 per cent of net prolits Southern Pacific of ArlEoua, 10 per cent; Southern Pacific of New Mexico, 6 yier cent; Mor- $238,740 in 1891.
In
1891
gross
earnings
both
of
divisions
were $9,279,822; net,
fan's Louisiana ATexas, 23 per cent Louisiana A Western, 7 per cent,
i-oprietary lines not operated under oninibus lease: South PaciHc $3,851,547; adding rental ($436,266) received from Atlantic A Paclflo
RR.,
etc.,
total
net
income,
$1,288,378
surplus
;
over charges, $1,256,Coast, Northeru Railway, Northern California, Texas A New Orleans
Galveston Harris. & San Antonio, Gulf Western Texas A Paclllc, N v' 734, against $689,839 In 1890; net profit due the company as per
omnibus
lease,
$1,064,496.
(V.52,
643.)
p.
Texas A Mexican. For further Ititormatiou respecting these companies!
see separate statement lor each.
Southern PaciHc of IVew Mexico.—Owns Arizona State Line t*
Stock authorized, $150,000,000. See V. 48, p. 428.
Rio Graudo bridge, 107 miles. Operated uuder lease by Southern Pacific
Price of stock.— In 1886, 30i4®41J2; In 1887, 29^a36!«i; In 1888. 19 6'o/np«».i/, the lessee paying all charges and 6 jwr cent of net profits of
• 271-2; in 1889, 2mj®37"«: in 1890, 22'a®37i4; in 1891, 23®44is'
in the whole Southern PaciHc system. Stock, $6,888,800 (par .$100). all
• o. '"
1892 to May 20, inclusive, 379(41 14.
but $2,500 being held by Southern Pacino Company. Sinking
* fund
From January 1 to March 31, 1892 (3 months), gross earnings on the Jan. 1, 1892, $268,633.
whole system were $10,595,733, against $10,875,000 In 1891 net.
From March 1 to March 31, 1892 (1 month), gross earnings were
^-i.,
$3,244,531, against $3,499,83.3.
$81,453, against $73,361 iu 1891
net .$37,077, against $25,707.
The annual report for 1891 was given at length In Chronicle V. Gross eamiugs in 1891, $1,049,260; net. *452,910; surplus over
64, p. 783, 802. Earnings of the whole system, including steamship charges, $185,832, against $164,837 iu 1890; net profit due oomuauy
llnee, were as below given in 1889 and 1890 and 1891.
under lease, $145,158.
Southwest Pennsylvania.- Greensburg, Pa., to Falrohanoe, Pa.
1889.
1890.
1891.
44 miles, and branches, 60 miles total, 105 miles. Opened April 1, 1873Average mileage operated.
5,990
6,053
6,376
and
leased to Pcnusylvauia Railroad, which operates it at cost, pay,
$
ing net earnings as rental. I'euusylvauia Railroad owns $1,057.25(>
Gross earnings
46,467,963
48,352,504
50,449,816 of stock and $600,000 of bonds.
Au increase of stock from $1 ,(XX),0OO
Operating expenses
,. .30,406,427
31,155,103
31,163,612 to $3,000,000 was authorized
In Noveniljcr, 1889. [n 1S»1 gi-oss earnwere
ings
$911,208
net
earnings,
.$373,752, against $ 148,188 in 1890.
Earnings over operating exp.. 16,061 ,536
17,197,401
19,286,204
Trackage and rentals
521,952
Southwestern (Ga.)— Owns Macon,aa.,to Eufaula, 144 miles, and
i..
509,006
564,193
branches to Columbus, Ac, 189 miles. I.«ased In perpetuity August 1,
Total
...16,583,488
17,707,007
19,850,397 1869, to the Central Railroad of Georgia, which assumes the liabilities
and guarantees 7 per cent on the stock. In year ending June 30, 1890
Dtduet—
gross earnings were $1,269,847; not, $276,932.
Taxes
1,218.510
1,234,298
1,261,984
Bettennents and additions
Spokane Palls dc Northern.—Owns from Spokane Falls, Wash436,508
265,625
2.59,570
Interest on bonded debt
10,472,892
10,259,819
10,029,900 ington, to Little Dalles on Columbia River, 127 miles. Completed in
Rentals, Ac
August,
1890. Extensions proJccte<l. Mortgage covers entire proiK'rty.
3,109,381
3,5t)9,551
4,334,983
Miuiliattan Trust Company, New York, trustee of mortgage. Stock
Total..
authorized
and outstandiug, $2,500,000; par, $100. Treasurer, Alfred
.15,237,291
15,329,293
16,486,437
C. Chapin, 192 Broadway, New York City.— (V. 48, p. 369; V. 49, p. 301.)
Surplus
1.346,197
2,377,713
3,363,960
Spuylen Duyvll Port norrlx.— Roiul Is 6 miles in length and
Of the surplus here shown for 1891 there was dne proprietary com- connects the New York Central A Hudson with the New York A Ilarlein.
panies for eaniings renialuhig after payment of operating expenses, Leased to New York Central Noveuib* r 1, 1871, till December 31, 1970.
taxes and char^'es. the following amourt.
To proprietary couiuaules Rental is 8 per cent on capital stock ol $989,000.
10""'""'"* '*'"'* *2,177.3:8; to other proprietary" couiiiiiujos
State Iilne 4c Sullivan.—Ownsfum Mouroeton, Pa., to Berenice
I,i.l8,/Sl total. $3.39(i,135, which sum Inures almoHt entirely to
the Fa.. 25 miles, and operates extension o Lopez, 4 lulles. Stock, $990,
f°?
outhern PaciHc Company as the principal owner of the stock of said 000 (par, $50.) The mortgage covers -,000 acres coal lands. Road
proiirletary companies. This is exclusive of $156,947 88 accruing
to leased till 1934 to the Pennsylvania d New York Canal A Railroad
the Southern Pacitio Company from the operation of leased pioiiertles, Company ; rental, $40,000 per anuiiin,
'?,"•-•'" "''' '"«"™c from its other investments, which, if added to
Slalen Island.— Clift<m to Tottenville, 13 miles. Capital stock,
fv.f.
the $3,39b,l^>9 ys, will make a total of *4,033,b97 32, against $2.6 11 originally $210,000, par $15 per share, but being bought by Investors
in 1890.-(V. 53. p. 69, 290, 880 ; V. 54, p. 526, 598, Tsi;
801. f.ir $65 a share this is now taken its par value, and whole amount as
$00 ,000. Leased to Staten Island Rapid Transit Oo. tor 09 years tronk.
m
:
California, receiving
;
;
;
•.-
.
.
:
,
;
;
.
;
&
;
mew
1-26
<t^
IJSrVESTORt-'
SUPPLEMENT.
(ToL. LIV.
;
.
May,
KAILROAD STOCKS AND BONDS,
1893.]
SnbBcrlbers
ivlll
eonfer a crcat favor by glvlag immediate notice of any error discovered In tbeae Tables.
RArLROADS.
For explanation of column headings, Ac, see notes
ou flTBt page of
tables.
Miles
of
<(•
....
20
20
43
43
43
43
23
—
iBt mortgage
o*
Sutpenxioti JiHdffeit Erie Junction— lBtJi.gn.l>yFM«
Syracitue liinghamton tf: New York Btoek
Consol. M. (piiu. and int. guar, by I).L.AW.).c*4r
Bi/racuse Ueneva (t 6'o?-iii»i(;— l»tM.,s.f.dr'natpar.o
—
81
81
57
57
45
2d mortgage
Byracuse Onl. >t New Tor*:— lBtmort.for $1,100,000
2d mortgage, Income
45
45
133
133
Mortgage for !(s:t.'JO.(KK)
Midland— 1st m., $20,000 p. m., gold..c*
2d mortgage, income non-eum. ($10,000 p. m) .0*
lennejisee
o
Ttrre llaule if i«(/i«)io)x)/i«— Stock
Ist mortgage (provided for by consol. mort.).c<U'
ConHol. mortgage for *;'2, 200.000
Notes issued to fet. L. Vandalia & Terro Haute. .
Ind. & L. Mlcli. l8t m., $12,000 p. m.,gold,guar.,c*
Terre Haute (t i/Oj^aiisjj.— Ist M., guar. byT.Il.&Ind.
1st M. ou LogauB. to South Uend (2d on 93 m.jgu.
Terre Haute it I'eoria—lut mortgage, gold
c*
Ttaas Central Ist mortgage, gold.
c*
N. E. Div. mortgage, gold (2d on 177 miles)
c*
General mortgage (pledged) , gold
Axa« 1* Ne^c Orleans o/ '74— Ist mort. land gr.o'ir
o*&r
Sabine OlTislon, 1st mortgage, gold
Date
114
114
40
93
65
144
177
—
52
228
104
104
Debentures
Par
1886
1885
$1,000
1,000
$2,500,000
50
4,010,350
1,122,000
1,185,000
1,350,000
1873
1885
1890
1889
1879
1883
1887
1879
1881
1884
1875
1882
1883
1,9,S8,150
1,000
1,000
25,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,600,000
600,000
82,665
;
;
company's business
Is
almost
entirely in mining coal ; It leases the Lykeiis Valley RR., Millcrsburg
to Williamstown, Pa., 20 miles, and has a small branch of its own to
Bummit Mines, 4 of a mile. Operated by the Nortli(jrn Central under
contract. I'cnnsylvania RR. owns $2,190,200 stock and $480,000 bonds.
From Jan. 1 to Apr. 30, 1892 (4 months), gross earnings (including
Lykens Valley) were $741,736, against .$695,741 iu 1891; net, $52,902,
against $32,982.
In 1891 gross earnings were $1,289,820; net, $54,396; interest, .$79,345 detlcft, $24,908, to wliioh add loss on Lykeus Valley, $41,281. In
1890 grosB, $1,123,754 net loss, $20,769 deflolt under charges, $101,199. (V. 46, p. 173, 228 V. 50, p. 230.)
Snnbnry Hazleton dc Wllfcesbarre.—Sunbury to Tomhicken
Pa., 43 miles. Foreclosed March, 1878. Of Ist mortgage $1,000,000
Stock ($1,000,000) and $179,000 Ista (series B) and $488,
is series A.
600 incomes are owned l>y tlie Pennsylvania RR., which pays net eani
Ings as rental. Sinking fund for Ist mortgage now draws about $9,500
bonds yearly at par. Gross earnings in 1891, $544,785; net over
expenses and taxes, $230,393, against .$257,199 In 1890. J. N. Du
;
;
;
761
;
V. 54, p. 761.)
Snnbory & I.eivl«town.—Selinsgrove Junction to Lewlstown, Pa.,
miles. Leased for 99 years from July 1, 1876. to Pennsylvania Railroad for contingent interest in net earnings, which in 1886 were
$123,536; in 1887, $156,709; in 1888, $123,619; in 1889, $154,179; in
1890, $224.967 ; in 1891, $225,090. Dividends— In 1891, Oct., 4 per
cent; in 1892, April, 4.
43
SntipenHlon Bridge
&
Erie Jnncton.—East
A
6
4
7
(V
7
2
7
7
5
6
6
.7.
6
3. X.Y., foot
WhitcliaU
St.
do
Fourth 8t
.1.
do
do
N. Philadelphia, Penn. RB.
N.
do
do
(). Phlla., Guar. T. A D. Co.
do
.1.
do
do
A. PhUa., 233
8.
BotuU—Prbiti
pal, When Dn«»
8toek»—LaM%
Dividend.
Jan. 1, 192S
Jan. 1. 1944
Feb. 16, 1876
Jan. 1, 1904
May
May
192S
193S
1892
J. <t
July
1896
J. & ,r. N. y. Lake Erie A West. July
190O
Q.-F. N.Y.,D.L.AW. RR.Co. May, 1892
A?* ().
do
do
Oct. 1, 1906
M154N. N. Y., Farm. L. A Tr. Co. Nov. 15, 1905
M. A. fi. N. Y., Gr'd Cent. Depot. Hch. 1. 190»
1933
J. & D.
1983
4
50
;
;
;
A.
F.
7
5
500,000
1,000,000
2,500,000
1,906,000
798,200
600,000
1,100,000
500,000
2,604,000
1,064,000
100
M.
M.
&
&
A,
A
A
J.
g.
3
6tK),000
1,000
1,000
RR.—
(V. 52, p.
tig.
up to 6
(?)
1887
1888
Owns line of road around
Statcn iKlaiid Rapid Transit
Btaten Island shore, east and north sides, from Vanderbilt Landing
(Junetiou witli tlie Staten Island Railway) to a point opposite Elizabeth
Sort, N. .7.; total owned 10 miles; leases Staten Island Railway, 13 miles
It lias a 99 years' lease of tlie fitateu Island
>tal operated 23 miles.
Railway and controls tlie ferries to New York City. The bridge over the
completed in 1890, and since July 1.
Elizabethport
was
Kills at
1890 the entire freight tratlic of tlie Baltimore A Ohio RR. Co. to and
handled
by tliis company. See V. 51, p. 718.
lias
been
from New York
The Baltimore & Oliio guarantees the 2d mortgiige lionds of this comits
stock
minority
of
of $500,000 (jiar $100). The
£any, and owns a
icome bonds are lield by tlie Haltiuuire & Ohio and the Staten Island
one-half
each.
Rapid Transit companies,
From July 1, 1891, to March 31, 1892 (9 months), gross earnings
$761,355, against $752,403 iu 1890-91; net, $249,197, against $241,830.
For the six mouths ending Deeemlier 31, 1891, tlie surplus Income
over all charges was $84,803, against $84,127 in 1890. V. 54. p. 243.
Fiscal year uow ends June 30. In year ending June 30, 1891, gross
earnings were $1,030,467; net, $346,326 interest, $185,000 rentals,
surplus for year, $48,476. In 1889-!)0 gross, $944,419
etc., $112,851
net, $295,980 deficit under ll.\ed eliarges, $2,904.— (V. 50, p. 207, 622;
v. 61, p. 172, 609; V. 52, p. 239, 707; V. 53. p. 187. 641; V. 54, p. 243.
Barry, President. Philadelphia.
4,,'«00,000
1874
1,000
1878 100 &c.
1878 100 &c.
50
1876
500
1870
1,000
100
1876
1,000
1875 100 &o.
1879
1,000
1883
1,000
1883
tlie
;
'
Amount
of
July 31, 1884, at $80,600 per annum, which pays $4 per share on stock
Interest on bonds and organiza tiou exiMjuses.
Summit Brancb (Pa.)—This
INTEREST OR DIVIDEND8.
Size, or
Rate per Wlien Where Payable, and by
Road. Bonds Value. Outstanding Cent. Payable
Whom.
ataten Itiarul Rapid Transit— ( Concluded.)
Ota
2d mort);af;e niulurHcd by B. &.O., gold
IncoiiieH. gold (iion-ciiiinilatlve)
Bummit llranch ^J'a.;— Stock
1 Bt luortKago, Hiiiklng fund, not drawn
Bunb'ry lloile. df W ilkeA.-lut, 8cr. A AB.,dr. at 100.0
c&r
2d mortgage, iK-ome
Bunbiiiy
Leipistown Stock
i
197
Mi'i'N.
New York Agency.
April
1,
1,
1,
1,
1,
Nov.
1,
1987
When earned.
Jan. 1, 193S
& J.
& A. N.Y.,Farm.L.ATr.Co. Feb. 1, 1893
A. & <).
do
7
do
April, 1893
5
J. A J.
do
do
July 1, 1925
5
(t)
$25,000ni'thlr
M. A H. N. Y., Central Trust Co. Sept. 1, 1939
I'- J. A J. N. Y., Farm. L. A Tr. Co. Jan. 1, 1910
6
do
J. A J.
do
Jan. 1, 191S
M. A H. N. Y., Union Trust Co. Moh. 1, 1937
M. A N. Last paid Nov., 1884. Nov. 1, 190»
A N. Last paid Nov., 1884. May 1, 1911
H- M.
M. A N.
None paid.
Nov. 1, 1934
F. A A. N.y.,8.Pac.,23Br'dSt. Aug. 1, 1905
M. A H.
do
do
McE. 1, 191&
J. A J.
do
do
Dec., 1898
J.
3
480,000
500,000
1,000,000
1,800,000
2,145,000
1,2.'J4,000
2,286,000
1,620,000
2,075,000
584.000
F.
contract will be made. In May, 1892, stockholders voted to cancel
the outstanding mortgages and to issue iu lieu thereof first mortgage
5 percent coupon bonds at the rate of $11,000 per mile, and second
mortgage 5 per cent coupon bonds at the rate of $9,000 per mile, of
main line of road now comjileted. (See V. 54, p. 684, 801.)
From July 1, 1891, to Dec. 31, 1892 (6 months), gross earnings
were «119,352. against $123,437 in 1891; net, $37,314, against $-13,385.
In year ending June 30, 1891, gross earnings were $214,229; net,
$52,961: interest on bonds, $130,200. Stock authorized, $25,000 per
mUe; outstanding, $3,144,000; par, $100. President, T. J. Moss.— (V.
51, p. 830. 908 V. 53, p. 879 ; V. 54, p. 598, 684, 801.)
tralTic
;
Terre Hante
ic Indianapolis.— Owns from Indianapolis to Tlllnois State line. 79 miles, with coal branches, 41 miles; total, 120 miles.
Haute
Leases Terre
A Logansport RR., 183 miles; St. I^iuis Vandalia
Terre Haute, 158 miles; Indiana A Lake Michigan RR., South Bend,
Ind.. to St. Joseph Harbor, Mich., 40 miles; total, 501 miles. Leases the
St. Louis Vandalia A Terre Haute RR. (which sec) on Joint account
with the Pittsburg Cincinnati Chic. A St. L. RR., at 30 per cent of gross
earnings, but guarantees the 1st and 2d mortgage bonds. In 1890 a
A
general settlement was made with the St. I>ouis Vandalia & Terro Hante
for amounts due that company, by the p.iynient of .$287,157 in cash and
$657,665
in notes,
payable $25,000 monthly, beginning with August
1,
1890. This company owns $500,000 common and $320,000 preferred
stock of the St. Ixiuls Vandal. & T. Haute. Tlie Indiana A Lake Michigan
Is leased for 99 years and its bonds guaranteed, principal and interest.
Dividends since 1876 have been: In 1877, 6 per cent; from 1878 to
1884, inclusive, 8; from 1885 to February, 1892, both inclusive, at the
rate of 6 per cent per annum.— (V. 50, p. 275.)
In year ending October 31, 1891, gross earnings, $1 ,234,890 ; net
earnings and other receipts, $446,832, against $419,477 iu 1889-90,
Interest and 6 per cent dividends, $261,289; loss on Terre Haute A
Logansiwrt and Indiana A Lake Michigan was $54,140; surplus,
$131,403, against $140,175 in 1889-90. In addition, in 1890-91 received from dividends on Vandalia preferred, $146,714. V. 54, p. 846.
Haute
Terre
dc IjOgannport.—Owns from South Bend, Ind., to
Bockville, Ind., leoipiles; leased Roekville to Terre H.iute, 22 miles;
total operated, 183 miles. Formerly Logansport CTrawfordsville
Southwestern, which was sold in foreclosure September 10, 1879, and reor-
A
ganized under present name. Leased by Terre Haute & Indianapolis
RR. for 99 years from December, 1879, at 25 per cent of gross earnings,
and first mortgage bonds guaranteed by that company. Stock. $5(>6,000; par $50. Rental in 1888-89, $142,284; lo.ss to lessee. $26.894
rental in 1889-90, $148,538 loss to lessee, $1,766; rental iu 1890-91,
$157,018; loss to lessee, $38,740.
;
Haute
Terre
dc Peoria.—Road operated from Terre Haute»
Ind., via Decatur, to Peoria, III., 173 miles, of which 144 miles are
owned and 29 miles is by trackage over other ro.T<ls. Formed in January, 1887, as successor of the Illinois Midland. Stock is $2,160,000 preper cent non-cumulative and $3,240,000 common par. $100.
issiied to pay off receiver's certificates and to furnish
for st«el mils, equipments, Ac. In calendar year 1890. gross
$352.098 net, $92,392 surplus over Interest, $2,392. In year ending
Sept. 30. 1891, gross earnlnes were $363,721; net. $112,568. C. W.
Fairbanks, President, Indianapolis, Ind. V. 52, p. 121.
ferre<l 6
Tlie
;
bonds were
money
Buffalo Junction
to Niagara Falls and Suspension Bridge, 23 miles; Loekport & Bulfalo
Railroad leased, 14 miles; total operated. 37 miles. Road opened January, 1871. It is leased to New York Lake ErieA Western Railroad Com{lany at 30 per cent of gross receipts, which are guaranteed to be not
Texas Central.—Line of road from Ross, in McLennan County, to
ess than interest on bonds, $70,0()0 per annum. Lessees own $203,000 Albany. Texas, 177 miles ; Garrett to Roberts, 52 miles ; total, 229 ndlea.
Defaulted in interest in 1885; property sold in foreclosure April 22,
ef the stock ($500,000).
York.—Owns from Geddes, N. 1891. and purchased by Charles Moran, C. B. Gould and II. K. McHarg,
Syracnxe Bliighamton dc
T., to Blngliamton, N. Y., 81 miles. Chartered as Syracuse A Bingham- ofN. Y.,for$750,000. From January 1 to March 31, 1892,gros8eaming8
ton, and opened October 18, 1854; foreclosed and reorganized April 30, were $55,402. In 1890, gross, $304,527; deficit under operating ex1857, and controlled by Delaware Lackawanna & Western, which guar- penses and taxes, $38,874, against net of $20,248 In 1889.— (V. 48,
antees, by endorsement on tlie bonds, both principal and interest of the p. 160; V. 52, p. 165, 204, 499, 609, 081.)
first mortgage.
In the year ending June 30, 1891, gross earnings were
Texas
Orleans (of 1874).— Houston, Tex., to Orange
864,241, against $8.')6,r.94 in 1889-90 ; net $397,302, against $411,- (Sabine River), 104 miles; and Sabine City to Rockland, 10-1 miles;
t82; surplus over charges and dividends, $22,464, against $31,014; total,
208 miles. Belongs to the Huntington Southern Pacific system,
dividends (8 per cent.)— (V. 52, p. 280, 707; V. 53, p. 668; V. 54, p. 288.) together with the lyouisiana Western. This was a reorganization, 1874,
Syracnae Geneva
Cornlns.— Owns from Coming, N. Y., to of the old Texas & New Orleans Railroad. The stock, is $5,000,000, all
Geneva, N. Y.,58 miles, and Penn Yan to Dresden, 6 miles: total, 64 but $2,500 of it being owned by the Southern Pacific. In addition to
miles. This road was opened December 10, 1877, and is leased to the above bonds there are $422,651 Texas School bonds. Subsidy lands
Fall Brook Coal Company at a rental of 33 13 per cent of its gross earn- Jan. 1, 1892, wore 730,860 acres; other lands 114.481 acres.
ings. Stock is $1,325,000 (par $100), of which New York Central A
From Jan. 1 to March 31, 1892 (3 iiiontha), gross e,iminga were 9412,Hudson River owns $602,6(50, liesides $113,000 7 per cent bonds. In 728, against $360,067 in 1891; net, *167,7'.'0. against $125,094.
1890-91 gross earnings w(>n< $669,073; net, $167,917; eliarges and
Gross earnings in 1891 were *1,674,509; net, $735,072; surplus
dividends, $190,306 ; deficit to lessee, $55,107. (V. 53, p S68.)
over charges, $-137,176. In 1890 gross, $1,871,818; net, $879,747.
Syracnae Ontario dc New? York.— Owns from Syracuse, N. Y., to
Texas
Pacific.- r^ee lfa».;—Owns: Eastern Division-From
Earlvllle, N. Y.. 45 miles. The road was twice sold in foreclosure and Texarkana to Fort
Worth, via WTutesboro, 244 miles ; Texarkana Jnnonerganizod under present name in 1883. Leased during its corporate tion to Fort Worth, via Marshall, 248 miles Marshall to Shreveport
existenc« to tlic West Hlmie KR. It is proposed to issue $350,000 4 per 40 miles; total eastern division, 532 miles. Rio Oninde Division— Fort
cents. Stock authorized, $750,000; outstanding, $.146,000— par, $100. Worth to Sierra Blanco. 524 miles Sierra Blanco to El Paso (Joint
In year ending Septemlier 30, 1890, gross earnings were $117,134; track), 92 miles; Gordon Branch to coalmines, 3 miles; total Rio
net, $9,639 deficit under charges, »44.360, against $46,762 in 1888-89. Grande Divisi<Mi, 619 miles. New Orleans Division— Formerly (New OrTennrooee niidland.—In operation since July 1, 1889, from Mem- l^rtiis Pacitte Railroad)—vShreveport to New Orleans, and Baton Rouge
phis, Teuu., to I'erryvilli'. on tlie Tennessee River. 135 miles (of which brnucn, ,<46 miles. Total of all, 1.497 miles.
2 are leased), and was under cimstniitiou Pcrryville to Nashville, 92
The Texas A Pacific was built under act of Congress of March 31
miles. Local aid totheexti iiti>f$600,OtM> wassecureil iietwecn .Memphis 1871, and other acts in 1872 to 1874, and the laws of Texas.
and Nashville, but partly lapsed. In April, 1892, this road was sold to
In 1888 the company was reorganized pursuant to the plan in V. 45,
parties interested iu the I'iducah Tenuesseo A Alabama, with which a p. 164. and V. 45, p. 401, without having the Court continn the sale 1»
;
;
New
& New
&
&
;
;
;
INVESTORS' SUPPLEMENT.
198
[Vou LIV.
x^^
MAP OF THE
TOLEDO. ANN ARBOR
'9
AND
a^Ic
Kay Camp
^^^^T^<:o.-:
a^'
iCheahire
3
^
Helena
^ Maple
NORTH MICHIGAN
'C 'C' t
C»** .v*^^
v*>"t^*f
i^^^
P^ZJ.
Railway & Connkctions.
''°"^.
RMge
'^'ie
Mat,,,
^"1
'»'/,
_-i<'-A
»«e
Mr,.
,Miirkiimc;>i-
"^"^
na^
V
^rg
t^
^ Bagley
Sogers Cy.
7lngall8fl
PetoBkey
i;voix
iVanderirtlf
Alpena^
)
Gaylord
<9
Black Ulver\!
Henry c^
iCitvli
fcCrayling
-Roscommon
mm
-J^^J^.'^^Xi
nlit
/Sher/afl^)/.
tlTinlin
\^ f
I
limits/
LillllL
•
CADILLAC^
{
___^
/
^
/^^.jBeavcr
L.
.W.Branch
Forteequc
^f^Emcry
XPcnnocks^ja* -
CareyX
c\
\.
Meredith
ParR Lake^
ARiorr^o'/
Clement Jc.
^^
/
*'
Booir^^K/
^ii
*%sSt.Helen
\t.'StCi-tPlae^
Tcmp;?^
—
Jft
^^Iger
Ogtlcnp
/Harrison
.
Ludingtoi
3^p<32!5£%^ra"<"'/*
Milton jjf
*-^
,Hart
%
Uced
W.TroyI
"si
Stetson
Vrt
3Iear8
Cityl
\
(
—
('
X„ \
Blg^pldsfiS?^
Plncorinlng
^^r^
,
V^
Cu.-fviim
iDerno Jcl
Mt/ForesT
iBad Axe\
Colenikn
Burnliain
^Rosebush'
\
i±M
MldlariiJifi
»\
"White Cloudif
^SbcpherdT
arklnsonf
bward
--;;r» ST. i..pslne^
City
posters
'•
ClUtonX
l.lJi)rt
<ptter Lake
Dtrose
m
an
Id
ASH1.Ey^k'?>
J\«/
oFrultporK
*/,
Bannjstcr^«i:'9
6*,
Elsl^
oFIVe Lakes
"
owosso JUWC"
ttilyiafikte
»yLeimSSSF»nt
Cilfvpn:
.._,
OxfordV
Byronn*
LAW
-
—3,'^:
%*
Ha8tlng?p~_wjeL.
NOR.
YCharlolte
Richland
Je.
E^"^ '*»P'"'^
Jc.y^
/
^^rv
XX
PITTS n ELD.
faoiangs
.*^«^
,^^<'
TSchoplcraft
Jones
V aaepjKsSii^
Va
Bankersp
Three Uilvers
^ddlsonT TecumsehVp^NDr-^'^^
iniJHiale/
Adrlas^:<dC
-^c
TCassopoIis
'
White Pigeon.
»tt
.:
flchfKrtrf^Cv
MANHATTAN
Slkha
South Bend
1
La Vaz
Grange*
o4»\^
/
Slierwuod,
'Cecil
/-
^ "^
^"^
v
»V -pwrnowth
LELAND^
\pETR013
ARBORTa^^^V*
Homer
Vv*?".-.,.!
\
.
^S.
w pltmore Lakf^
z
K«l8maioS>tS„3^ ^„^;S=::^^:^^|;J»/J«f«t»o^
'Hartford ;-'T.awton
Pontla^'
Pontla^y^
jw[ni;nrgV-j-^«r,u,fiLyo„
reives Jc^X
-S'o,
J^
\
H A M B U BGJ£.^i
^,Pl!iJu?<^clI
^rand
f^clivstc^
""'-sj>
Chll.son
rfonteitl
Allegan^
IJolly
*CohoctahB<J
Oak GroveRi
Holgat)^
A^yhcsMeri'
RomiMa
^«;
Hat,
1893.J
5
BAILROAD STOCKS AKD BOm)B.
!••
.
130
INVESTOilS'
Subscribers
on first page
<f
&c., see notes
—
Pacific— Stock, $50,000,000
Dlv.), Kold, s. f. red. at 100
Istconsol. mort. for .'ii'2.5.000,000, Kold
2d cousol. M. ($2.'>,000,()()0i, Kold (wee rem.).
Tioga iJii.— Stock '$189,700 is preferred)
.
.
o*
.0*
mortgage
Extension l)ond8
Elmiia State Lino Railroad 1st mortgage, guar.
Soledo Ann Arbor it: North ilkhigaH—fitock
Tol A A. & Gr.Tr. (South Div.) 1st mortg., gold.
ToL A. A. & N. M. 1st M., A.A.to St.Louis.Mich.g.
ToL A. A. &. Mt. Pleasant 1st mortgage, gold, .c*
c*
Tol A. A. & Cadillac 1st mortgage, gold
Tol A A.&L. Mich. IstM., CadiUactoCoperaish..
gold
o*
0,000,000,
lor
$1
mortgage
Consoi
loledo < ol. <e C'«)m.-Stock (for $2,400,000)
Istmortgage
Date
of
of
UV.
[Vol,
.Bonri*— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
~ ;/.-«— Last
per When Where Parable, and by '«oc/.-«—Lae
Kate
'n.^aHSL.,
|""t«tan<"»8 cent
Payable
Whom.
Dividend.
Par
gold
stock
Soledo tt Ohio Central— Common
Preferred stock
Ist mortgage, gold
Car trust*, Series 2, 3 and 4
JoUdo <t Ohio Central Extenxion Stock
Marietta Mineral 1st mortgage, gold
Consoi. mortgage for $1,500,000, gold
lol. Peoria <e irc«(.— Stock
1st mortgage, new (for $5,000,000), gold
Scrip for coupons In 1888 (payable at will)
$100 $38,710,900
1,497
524
o* 1,497
IstM., due 1882 and extended, gold
(for $2,500,000),
Miles
Road. Bonds Value.
of tables.
l«tM. (Eastern
TUlrd-rail
SUPPLEMENT.
;
confer a great favor by glTlng immediate notice of any error discovered In tbese Tables.
ivlll
RAILROADS.
For explanation of column headings,
treaui
:
1,497
"46
46
46
7
"63
106
21
63
40
256
78
78
197
1875
1888
1888
1,000
1,000
l.OOO
50
1852 500 &c.
1876
1,000
1875
1,000
1875 500 &c.
100
1881
1,000
1884
1,000
1886
1,000
1886
1,000
1889
1,000
1,000
1890
100
1,000
1889
100
100
1,000
1885
'87-90
—
ioo
c*
c*
45
60
230
230
230
1885 100 &c.
1,000
1888
100
1887
1,000
1888 Various
3,784,000
21,035,000
23,156,000
580,900
239,500
125,000
265,000
160,000
6,200,000
1,260,000
2,120,000
400,000
1,260,000
600,000
636,000
I
I
i
1906
2000
2000
M.
M.
N.|Phil.,Newbold'sSouiCo Nov.
N.iN. y., N. Y. L. E. & W. Nov.
A.
A,
O.
O.
1,
1,
1,
1,
1915
1896
1905
1905
5 g.
&
&
&
&
J. &
M. &
M. &
M. &
J. &
J. &
"5g.
&,
,
7
'
6
I
1,
1,
1,
J.
if: Mch.
:
,
A
&
8. N.Y.,Merc.Tr.Co.&PhlL Mch.
D.'N.Y.Mcr. Tr. Co.,&PhiL' June
1.
Dec.
None paid.
6g. M.
•
6
6
g.
g.
g.
6g.
6
g.
Elmlr»,ChemungCo.Bk. Oct.
do
do
Oct.
1921
1924
1916
do
Sept.
do
Mch. 30, 1917
do
July 1, 1919
&. Tr. Co. Jan. 1, 1940
J.iN.Y.,Farm.L.&Tr.O>. Jan.
N. N. Y., OlHce, 29 B'way.
S.
S.
J.
J.
do
do
do
N. Y., Farm.
L.
May
1,
1,
1,
(1)
1,300,000
4,849,000
3,706,000
3,000,000
743,151
5,000,000
J.
1
l"*
5g.
Q.-J.
J.
&
N. Y'., Central Trust Co. July 1, 1939
N. Y., Central Trust Co. May 25, 1892
do
do
Apr. 25, 1892
do
J.
do
July
6.50,000
M.
850,000
4,500,000
4,800,000
135,000
fl: M.
J.
1,
1936
By InstaJlm'ta.
Quar.
&
&
N. N. Y., Coffin
<&
J. N. T.,
& Stanton. May
do
N.l
AprU. N.
Y.,
do
Moran Brothers. July
Farm.
L.
1915
1938
Nov.
& Tr. Co.
Apr.
1,
1.
1917
1893
From July 1, 1891 to March 31, 1892 (9 months), gross earnings wer
foreclosure made In November, 1887, thus preserving the original Federal charter. No interest was paid on the 2d mortgage incomes on $248,925, agst. $238,490 in 1890-91; net, $79,454, against $89,339. In
year ending June 30, 1891, gross earnings were $324,677; net, $119,203.
Varcli 1, 1892. See provision below, and V. 54, p. 486.
At the reorganization a land trust was formed. See Texas Paolflo In 1889-90 gross, $294,319; net, $142,583. Stevenson Burke, President. (V. 49, p. 374.)
(Land Trust in " Miscellaneous Companies."
Trustee of tirst mortgage of 1888 is Fidelity Insurance Trust & Safe
Toledo
Ohio Central.— CSe« Map)—0 wns from Toledo. O., to
Depositee., of Philadolimla ; of second mortgage of 1888 Mercantile Coming, 184 miles, including 12 miles leased; Thurston to 0>lumbu8,
Trust Co., of New York. The 2d mortgage bonds contain the following 29 miles, ineludiug 5 miles leased total owned, 197 miles. Leases also.
clause: "On and after March 1, 1892, the trustee of the mortgage Corning southwardly, 13 miles; Gloustcr to Carrington, 11 miles;
securing these bonds, in case of non-payment of full interest at 5 per total leased, 41 miles total operated, 238 miles.
This company was formed after sale in foreclosure of the Ohio Central
cent per annum, shall, on request of the holders of not less than onethird of the bonds outstanding, enter into possession of the mortgaged main line on Auril 15, 1885. In October, 1890, a large interest in the
property and mauage the same under the direction of a committee aj>- Kanawha & Michigan (which see) was acquired, and iu February, 1891,
nointed by a majority of tlie bondholders, until payment of iiitere3t in it was agreed to guarantee its bonds, principal and interest. See V. 51,
fiiU " (See mortgage abstracts. Chronicle, V. 47, p. 83.) There were
p. 457; V. 52, p. 165, 351. The preferred stock outstanding is $3,705,000;
*lso Jan. 1, 1893, a Texas school loan of $144,182, for which $167,000 common, $4,070,600; par both, $100. (Joiumon stock was Increased in
•consolidated 5s are reserved, aud $93,0(X) old bonds unredeemed, and February, 1891, fi'om $1,849,000 to .$4,849,000, but $778,400 of this is
$58,542 cquijinieut obligations.
iu the comjiany's treasury. The preferred is entitled to 5 per cent noncumulative, then common to 5 per cent, then preferred to 2 per cent,
Of the stock Mis.soiui Paeltlc on July 1, 1891, owned $6,525,000.
Price of stock since May 9, 1888, (new stock)— In 1888, Wgai26\; then cuiumou to 2 per cent, after which both share equally.
12-a)24i3;
to
In
In
1891,
10%®1658;
1892,
1890,
In
17»2®23;
Dividends on common: In 1891, May, 1 per cent; Aug., 1 ; in 1892,
In 1889,
Feb., 1 per cent; May, 1.
May 20 inclusive, 9i4®1458.
Ftom January 1 to May 7, 1892 (4^4 months), gross earnings were
Dividends on prefen-ed in 1890,3%; in 1891, 5 per cent; in 1892,
January, li4per ceut quarterlv; April, II4.
$2,213,589, against $2,360,042 in 1891.
,„„
.>
Annual report lor 1891 was in the Chronicle, V. 54, p. 483, and gave
Price of common stock: In 1880, 26®38'2; In 1887, 20®35; in 1888,
extended remarks upou the operations of the road.
23®35;in 1889, 308/40; in 1890, 42i3®68i3; in 1891, 44ai61; in
&
:
:
INCOME ACCODNT
1889
to May 30. inclusive, 46®53i2.
Price of preferred stock : In 1886, 4614^6313; in 1887, 4035819; In
1888, 35®56; iu 1889, 50®73ia; iu 1890, 68i4®95; in 1891, 78'»88;
in 1892 to May 30, inclusive, 83®88.
1892
$
1890
$
Total CTOSS eamin9B..6,374,386
1,302,717
130,936
6,917,802
1,671,744
178,909
7,327,711
1,467,006
151,156
7,226,462
1,510,741
96,151
1,433,653
Total income
Deduct—
Bentalsand sundries
Interest on debt
1,850,653
1,618,162
109,665
1,279,490
94,978
1,279,490
guaranty of the iuterest, but in Septeinlier, 1891, notified the Toledo &
Ohio Central that the guaranty would be disregarded as no considera82,079 tion had been given. See Chronicle, V. 53, p. 436.
From July 1, 1891, to Mar. 31, 1893 (9 mos.). gross earns. $1,168,203,
1,279,490
against $1,151,459 in 1890-91 net, $408,073, against $386,547.
245,323
Fiscal year ends June 30. Report for 1890-91 was in V. 53, p. 602.
312,302
INCOME ACCOUNT
Receipts
1888.
—
$
Wet earnings
Other receipts
1891.
$
The lirst mortgage is for $5,000,000, but no more than $3,000,000 can
be issued except by consent of three-fourths of the present bondholders.
The Columbus & liocking Valley RR. Co. endorsed on the bonds their
1,606,892
;
243,694
461,498
174,164
390,383
287,334 def.146,689
Surplus for year
Hewequip'tcScrealest
BaXanbe
sur.33,021
V. 53, p. 257 V. 54, p. 367, 410, 483, 486.)
Avenue.—See " Miscellaneous Securities."
p, 121,
—(V. 52,
461
;
;
Tblrd
Tioga.—State
line Junction, N. \'.,to Hoytvllle, Pa., 61 miles, and
'Blossburg, Pa., to Morris' Bun, Pa., 3 miles, of which is leased Elmira
State Line Railroad, State line New York to Northern Central Railway
Junction, 7 miles and Amot <fe Pino Creek Railroad, Aruot Junction to
Hoytville, Pa., 12 miles. Controlled by New York Lake Erie & Western.
;
In year 1890-91 grosseamiugswere$272,617; uet,$109,033; interest,
#50,475 rentals, &c., $17,233 surplus, $41,325. (V. 53, p. 713.)
;
;
Toledo
Ann Arbor & North michlgan.— C/See
Map.)—Own»
1887-88
£
1,167,576
Gross earnings
Net over op. ex. and taxes. 360,827
Other income
S
$
S(
1,163,817
344,526
22,084
1,388,749
545,639
30,760
1,501,822
468,015
33,018
—
360,828
366,610
576,399
501,038
on bonds
on car trusts
1.50,000
150,000
37,088
29,256
150,000
31,636
30,133
92,635
555
150,000
36,878
33,019
167,966
14,802
Total
Dcdnrt
Interest
Interest
Rentals
Dividends
Miscellaneous
1888-89.
35,628
13,979
1889-90.
1890-91
Copemish, 276 miles, and brancli to Macon Stone
16,070
438
owned. 279 miles. Proprietary line Frankfort
Railroad, Copemish to Lake Michigan, 23 miles. Total
215,677
216,782
304,949
402,665
A Southeastcmmiles.
Total
It is proposed to build an extension 140 miles Balance, surplus
operated, 303
145,151
149,828
271,456
98,368
In length from Marion to Mackinaw. See V. 52, p. 641. In May, 1892,
* Balance of rentals paid over rentals receive!?.
purchased the stock and bonds of the Frankfort & Southeastern. See
V. 54, p. 763.
-(V. 52, p. 165,351,498; V. 53, p. 186, 436, 602.)
Capital stock is $6,200,000; par, $100; car trust debt, $150,Toledo & Ohio Central Extension.— ('Sc* Jfap.;— Owns from
•000. The lirst mortgage of 1881 covers the Southern Division, formerly
•called the Toledo Ann Arbor & Grand Trunk Railroad, aud the mortgage Marietta to Newton, Ohio, 45 miles, connecting with the ToledoA Ohio
of 1884 covers road between Ann Arbor and St. Louis, Mich. Under Central main Line; branches to Stewart, etc., 15 miles; trackage Marietta
the consolidated mortgage of 1890 (trustee, Farn ers' Loan & Trust to Moore's Junction, Ohio, 3 miles. Total, 63 miles. Purchased the MariCompany), sutticient bonds arc reserved tc replace di asional securities etta (Jolumbus & Northern in 1888 and completed extension to Newton
when due, and the remainder are to l)e issued for new road at $18,000 in 1890. Consolidated mortgage issued to build extension and for
per mile of new lines, witli $500,000 for terminals, &c., but limited to equipment and $650,000 held in escrow to pa.v off the Marietta Columbus & Northern 1st mortgage at maturity. Of these bonds $300,AlO.000,000 in all. (See V. 50, p. 423.)
From January 1 to April 30, 1892 (4 months), gross earnings $346' 000 (Nos. 1 to 300) have interest guiirantced by the Toledo A Ohio
(malu line). Stock is $1,50(5,01)0; par, $100. In 1891 gross
in
1891.
Central
against
$329,678
558,
From Jauuary 1 to Oct. 31, 1891 (10 months), gross earnings, $862,- earnings, *196,978; net, 88,638. In 1890 gross, $109,312; net, $58,036.
earuiugs,
.igainst
$331,399,
$3u0,331
in
.$959,-i50;
net
against
112,
Toledo Peoria Sc Western.—Owns from Indiana f-tate line
1890. Fiscal year ends December 31. Report for 1890 was in V. 52, to Warsaw, III., 220 miles; branch. La Hari>e to Iowa, 111., 10 miles
p. 641.
trackage to Peoria and to Burlington. la., 17 miles total operated,
1889.
1890.
1891.
1888.
247 miles. This was formerly the Toledo Peoria & Warsaw, then the
.
250
286
234
Average mileage
Toledo Peoria & Western, anil was leasi;d to Wabash sold in foreclosure October 29, 1880. Stock, $4,500,000; par of shares, $100.
687,579 l,0ll,307 1,127,208 1,024,117 Abstract of mortgage (Charles Moran, Tlionnus Deuny and Cornelius B.
Gross earnings
686,205
728,921
Oper'g expenses and taxes... 433,392
Gold, trustees) V. 45, p. 242. The company funded part of coupons in
1888 in 4 per cent scrip certificates due April 1, 18S53, but redeemable
328,102
254,187
398,287
Net earnings
at option of the company.
294,800
340,200
236,800
Interest on debt
Prom July 1, 1891, to March 31, 1892 (9 montlis), gross earnings were
4,160
.Miscellaneous
net, $338,677, agst. $186,916.
$799,698, against .$705,261 in 1890-91
The comparative results for tour years past are as follows
17,387
33,302
53,927
Surplus for year
Surplus.
Deficit.
Earnings. Net Revenue. Tnl.J: Taxes.
James M. Ashley, President, 150 Broadway, New York. (V. 52, p. 1887-88.. :$948,534
$211,707
$19,084
$333,791
23.->,077
$16,883
165, 428, 641, 796; V. 53, p. 969; V. 54, 763.
208,193
1888-89... 903,936
430
237,205
227,(>35
Toledo Columbus & Cincinnati.-Owns from Toledo to Kenton, 1889-90... 938,830
243,.^)66
230,363
13,303
1890-91... 930,548
•O., 72 miles, aud in progress, via Marysville, to Columbus, O. This was
V.
407.)
303,
foreclosed
Octolier
V.
51,
456;
53,
Southern,
1888.
p.
503;
p.
p
16,
—(V.
49,
<the Toledo Columbus &
from Toledo,
O., to
Quarry, 3 miles
;
total
;
;
;
1
'
Mat,
RAILROAD STOCKS AND BONDS.
1893.]
131
MAP OF THE
TOLEDO & OHIO CENTRAL
EXTENSION RAILROAD
AND CONNECTIONS.
tlftttod^
<^^i
titSStfi'it
Ceelalia
f-aK^cmllD.
0\
.UjtV«
Korwttlk
MonrocvUieT
"'="
^'/J
U>4>ubtlc
PKedlDS
^
New London
Cliicago Jc.
VjVSovUlo-
^IntoQ
Vtnrttt.
Vcraon Jc)3
'''TIS
X^anifieid
O?'"
Xiexlngtonv
\
Marion
H
Jtu^
*
/
J
SjFrederlcktowD
3e«chClt«
i\
MlUerabiirgh
1 Canal DoS
Klllbu ck
PcerlesB^
/
oKcene
ICenlerburgR^
CLEVCLANOj
QMartlMtiurgh
^MarysyiUe
CoBhoctonV
lUlIca
Icreton
^[^Iford
t
\^i>
/
s
PerryvIIIe^
Bcilinar'
Miu
S
^ //
i
New ComersU
Ceai.
Hjobnstown
blahi Clty^
^Alexandria
vU\»
.t»^
SALT.
.^OTABUS
ClNClNHAIL.
,.«>
V*°"
*--^-!
*"Lrx>^'"\':'
^H.
LG\£Iiford
Cnmberland
*^^^
(Cedar
Rnn
Caldwell
VAahevlllc
(fnlta
«*«»-.
.0^
New 8tn
»osK*;s
?^Mc,
Cotmelsvllle
'^*<,
.
New
Hollatd
Entcrprlset
°Adelplil
o Cedar Qrore
ol
Federal
iiiifleid
SUrrc
rmr-
^
/ / ^ f?**R
,
jV'*'^-*
o
,
'
i^
o Eagle Mills
kllicothe
«.
'•/i.
J
s^hoolcy
flalBbrtdge
Sta.
Deans
.Pleasaaton
^'
o,"^
.<v^
.v'O"
^£l£JOfA
V*'
Jt/Albany
A\\<5
o»'^"'
WOTcrlyt
P
.«^'d
.Davl»\-Ujfe\,
*
BOO',v\»>
Dyeavllle
Klugsbury
W. V
\A.
1S3
INVEST0E8* SUPPLEMENT.
[Vor..
IIV,
r
.
Mat,
:, :
;
EAILROAD STOCKS AND BONDS.
1898.]
Subscribers
irlll
confer a great favor by flrliiK Immediate notice of any error dlacoTered In theee Tables.
BomI*— Prinel
INTEREST OR DIVIDENCS.
RAILROADS.
oolumu headings,
on tlrst page ot tables.
1^>T explanation of
&o., see notes
Hllea
Date
of
of
Size, or
let mortgage
Tucson Olobc <£ If. Ar.— 1st M., g. 8. f. (red. at llOJo*
Uhler <t Delaware—SUiC^ ($3,0i00,000 autUorljsed)..
0*
Consol. M. for ijl'J.OOO.OOO, gold
451
451
451
90
122
122
"26
10
"78
Vnion
iVtri/ic— Stock
1,035
iBt mort., Uniaha to near Ogdcn, 1,035 miles
2d mortgage, currency (Government subsidy)
1,035
3d M. on mad ('Jd ou land) g.,$&£,s.f.notdr'n.c,tr 1,035
Omaha bridge lionds (». f. drawn at 1 10),gold.o*Ar
4
Renewal (!*inkiiig fund, not drawn), gold
o
4
Collateral truwt bonds, gold, s. f. drawn at 105.0"
Collat<'ral trust bonds of 1883, gold, s. f. not dr'n
325
Collat. trust, Uenv. IVdv. A(}uu. (*3.250,000),g.o*
Equip, bonds Series A, 'lo due yearly in Oct
Series B, ijo due yearly In April
Do
Series C, lo duo yearly in October.
Do
Kansas Pao. Eastern Div. 1st M..$l 6,000 n.m.,gold 140
Hlddle DIr. 1st mort., $16,000 per mile, gold
253
C
$100 $11,250,000
100
.5,805,000
1
1B86
1,000
1888
1,000
1891
1,000
100
100
1883
1.000
1887 500 Ac,
100
1888
1,000
100
1860-9
1860-0
1,000
1,000
1874
1871
1885
1879
1883
1889
1887
1888
1890
1865
1866
1,0<)0
;
Union
line
Uilet.
. .
A N.
Co.'s, rail lines. 1,059
'*®.V„;'*"*''''''*^'''""""'''l- • '^1
U
8g.
5R.
6g.
A.
A.
Total " Un. Pac. Sys."
7,672
These properties, having securities ot their own held by the pubUo,
arc separau^ly (lesuribcd in thisSuFi'i.KMKNT.
Also contr(>ls the Central Branch Uuli'ii Paclflo and leased lines (388
mues) wlilch are operattxl by the Missouri Paclflc under an
agreement with Union Paclflo for tweuty-flvo years from 1885.
Also owns Jointly with other oompanics tlie I^eavenworth Toiieka A
Bputh western, 4? miles; ManhBttan AUna A Bmlingame, 56 mUes;
Montana Union, 72 miles; giau4 total of all lines, including one-half
lines operated Jointly, 8,147 miles.
Oroa.m/atk.n, Ac.-Thls company, the Union Paclflo RaUway, was
fonued by a consolidation, January 24, 1880, of the Union Paclflo Rall<road and the Kansas Paclflc an* Denver Paclflc, made under authority
of theoctsof Congress of Julyfl, 1862, and July 2, 1864. The Union
St.
.
J.
J.
g-
4'«g. M.
5
5
6
A.
A.
A.
S«6g.
J.
F.
1,
1,
do
J.
do
U.S. Treas., at maturity.
Un. Trust A Best.
O. London A N. Y., Un. Tr.
O. N.Y., Union Tr., A Boat,
iN. Y.,
J.
D.
N.
O.
O.
O.
A.
D.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
191.
1928
1884
1896 to 1899
1896 to 1899
Sept. 1, 1893
Apr. 1, 1898
Oct. 1, 1915
July 1, 1908
Deo. 1, 1907
Not. 1, 1918
Apr.
lO yearly Oct.
>io yearly Apr.
tin yearly Oct.
Aog.
June
1,
1,
189B
18M
-•
;
The collateral trust bonds of 1889 on Denver LeadviUe A Gunnison
Rallroiui (formerly Denver South Park A Paclflc) are secured by mortgage bonds on that narrow-gauge road at $11,000 permlle, $33,'200 pep
mile being authorized for extensions.
There is a siukluK fund, but
bonds cannot be called. Company's stock is owne<l by Union Paclflo.
The Union Pacific guarantees either as to principal and interest, or as
to Interest only, oertain securities of the following companies, full information concerning which will be found under their respective heads
Oregon Short Line A Utah Northern; Oregon Railway A Navigation
(through guaranty of lease) St. Joseph A Grand Island Union Paclflo
Denver A Gulf, and Union Pacific Lincoln A Colorado.
m aM
The outstaiuliug bonds above are given loss the amounts owned by the
company and pledged as part security for its collateral trust notes of
1891. The amounts so pledged are Om.aha Bridge bonds, $5,000; do.
;
i
I
•Ore. R.
8
1,
Jnne
D, N. Y., Central Trust Co.
N. Y., Un. Trust A Best,
following bonds : Omaha A Republican Valley RR., $91 1,000; Colorado
Central RR. bonds, $1,845,000; Utah Northern RR., $2,093,000; total,
$4,849,000. The collateral trust 5s of 1883 are secured by the following
bonds: Colorado Central RR., $1,235,000; Utah A Northern RR., $1,974,000; Omaha A Republican Valley Railroad, $605,000; Omaha A
Republican Valley Railicay, $1,910,000; Utah Southern RR. extension,
$83,000; total, $5,307,000.
;
Uitu.
6,03.-),(X)0
N. Y., Wluslow,L.ACo. Jan. 1, 1983
J Bo8.,Am.I,.ATr.Co; Lon July
In 1881, 105i49131\; In 1882,
08'4®119%; inl883,70ie»104%;lnl884,28®8458; in 1885,41»62%:
in 1886,4414^6814; lnl887,44®63%; in 1888,48«66»a; In 1889, 56%
»71>4; in 1890, 40»68'8; In 1891, 32>4®52»8; In 1892, to May 30,
inclusive, 38%»50i4.
The Union Paclflc collateral trust 6s are limited to 80 per cent of the
;
'
27,23';,512
J.
J.
J.
&
&
&
&
A
A
A
A
A
A
A
A
A
A
DiTldend8 8lncel879— Inl880, 6pcroent; In 1881,6%; in 1882,7;
reserved for future extensions.
1. 1891 to Jau. 31, 1892 (7 months), gross earnings were
$248,693, against $237,635 In 1890 91 net, $91,440, against $97,566.
In year ending June 30, 1891, the gross earnings were $;J76.144 net,
$118,617. Surplus over charges, $10,333, In 1889-90 gross, $360,068
met, $116,161 ; surplus over charges, $51,916. Edwin Young. Pres't.
Albany. (V. 51, p. 172, 241 V. 63, p. 603.)
,
1%
6
6
<b
In 1883, 7 ; In 1884, 3'-i; none since.
Price of stock -In 1880, 80»113\;
is
.»
Union X,
Paclflo.
i,8B2 'Kansas City A Omaha
193
Denv. LeatlviUe A Gunnison 325 *Uu'n Pac. Denver A Gulf... 085
Kansas Central
165 *Ft. Worth A Denver City.... 469
Omaha A Republican Val. ... 482 -U. P. Liiiooln A Colorado.
225
•OregonS. L. A UtahNor
1,425 Six smaU roads
269
1931
tion in 1880.
From July
IT
1918
1,
;
Y.t
of
1,
;
74 miles; branch to Hobart, 4 miles; leases Delaware & Otsego RR., Hobart to Bloomville, 9 miles; total, 87 miles.
In 1890 parties iutcrested in the New York Central and Delaware A
Hudson came into control, stock authorized, $3,000,000; outatauding,
.$1,694,100; par, $100. Finances readjunted in 1888 aud cousolidatwl
mortgage tssued to retire old 7 per cents. The balance of consols unis-
was mode up
J.
J. N.Y.,
;
to Stamford, N. Y.,
1892,
J.
J.
7g.
"5g.
&
;
'mile.
1,
J.
—
;
System" on January
"s'
5
July
Farmers' L'n ATr. July
J.'ic J. N. Y., OffloeV27i B' way.
4>3g.
PaclUc, provided that 25 per cent of the not earnings, after deducting
on the first mortgage bonds and construction and equipment
expenditures should be paid annually to the Government as follows
First Applied directly to interest account, one-half of Government
earuiugs and 5 per cent of net earnings, after deducting interest on
flrst mortgage bonds.
Second—To be placed in the siidcing fund— the
other lialf of the Govemmeut earnings and so much of ,$850,000 aa
may be necessary to make all the payments by the company equal 25
per cent of its net earnings. On January 1, 189'2, the sinking fund. Invested In RR. and U.S. bonds, (par value) was$10,3(il,500, aiid the premium paid on bonds and cash uninvested was $1,912,025 totjil, $12,274,125. The debt to the United States at that date was thus stated:
Principal, $37,236,512 Interest accrued and not paid, $817,095 interest paid by United States, $38,031.376 repaid by Union Pacific, $13,454,951 balance of interest paid by United States, $24,576,425.
Stock and Bonds.—The capital stock Issued and outstanding Is $60,868, 5(X), having been Increased about $10,000,000 since the oonsouda-
;
^..'''^®."^°''"' Pacific
the following lines :—
1016
interest
;
miles.
1,
In November, 1890, there was a change in the management of the
Union PaciUc. Messrs. Sidney Dillon, Jay Gould, Russell Sage, H. B.
Hyde audA.E. Orr hecomlug directors. SceV. 51,p. 718; V. 54, p. 725.
As to the delit of the Pacilic railroads to the United Stattw Government, a decision of the United States Supreme Court settled the point
that the payment of Interest on the loans was not obligatory on the
companies till the principal of the lioiids became due. Afterwards
Congress passed the Thui-man Act, May 7, 1878, which, for the Union
—
Paclflc Railway.— CA'ee J/a;).;— Lines owned directly.—
(former U. Puc. RR.) (;ouncll Blufl's to Ogden and branches.
1,038 miles; fonner Kansas Paclflc Railway, Kansas City to Denver,
643 miles, and Lenvenwarth to Lawrence, 31 miles; former Denver
Paclflc Railway, Denver to Cheyenne, 106 miles; total owned, 1,822
June
$8,372m'nthly
p. 261.)
;
Main
D. N. Y., Bk. Of No. Amer.
;
&
Delaware.—Owns from Rondout (Hudson River), N.
A
J.
"5
Pacific Railroad was chartered by Act of Congress of July 1, 1862,
which gave the company a land grant of 13,800 acres per mile, estimated at a total of 12,083,227 acres, and a subsidy In United States
bonds of $27,236,512 on 1,033 miles of road.
The Kansas Paolflc was organized as " Leavenworth Pawnes A Weitem " in 1861 then changed to " Union Paclflc, Eastern Division," Jane
6, 1863, and to " Kansas Paciflo " ou March 3, 1869.
The Paolno Railroad acts ot 1863 and 1864 applied to this road, and gave It s sabflldy of
$6,303,000 and a land grant of about 6,000,000 acres.
In 1886 a lease of the Oregon Railway A Navigation RR. to the Oregon Short Line, guaranteed by Union Paclflo, was negotiated (see V. 48,
.
sued
6g.
9,000,000
525,955
1,000,000
1,560,000
2,500,000
1,500,000
205,000
250,000
165,000
1,694.100
1,393,600
60,868,500
27,220,000
JJ200
882,000
1,000
589,000
1,000
3,879,000
1,000
4,939,000
1,000
1,814,000
1,000
430,000
1,000
1,262,000
1,000 as collateral.
1,000
2,240,000
1,000
4,063,000
Toledo St. Ijonts Sc Kansas City.— ^,$ei! ifap;— Prom Toledo to
SostSt. Louis, 4.'''l miles. In June, 188<4 tl'o work of standard gauging
the road vas completed. ArrangoiQcata for terminals in St. Louis
were conijjlcted in April, 1892. See V. M, p. 598. This company was
formed June 12, 1886, by oonscdldation, and it took all the main line
of the Toledo Cincinnati A St. Lorjs narrow-gauge road, foreclosed
December 30, 1885.
The common stock U $9,231,000. The preferred 4 per cent stock of
$5,305,000 Is a coupon stock, non-cumulative, and without voting power.
The bouds are tor $20,000 per mile, and have a first lien ou aU rolling
stock and the terminal property at Toledo and Kast St. Louis. They
are retleemabln at 105 aud Interest upon six mouths' notice, but not loss
than the wliole issue can be called for paymeut. Abstract of mortgage (Farmers' Loan A Trust Company of New YorK and John M.
Butler, trustees) in V. 45, p. 403. From Jan. 1 to May 7, 1892 (-IH
months), gross earuiugs wore $074,921, against $567, 152 in 1891. In
calendar year 1891 gross earnings were $1,!)79,677; ui^t, $615,962;
taxes, $(iB,000: interest, $531,667; balaucc, surplus, $18,296. Now
York oUlce. 44 Wall Street. (V. 51, p. 241, 863 ; V. 53, p. 120, 368, 804;
V. 54, p. 598, 735.)
Toledo >aglnaw Musk eson.— From Mu.skegon, Mich., to Ashley, Mich., 90 miles, counectiug with the Toledo Ann Arbor & North
Michigan. On August 1, 1888, the Grand Trunk of Canada purchased
the $1,600,000 stock anil above bonds were issued having a tralho guarantee from that road and the Chicago & Grand Truuk. la 1891 gross
earnings were $114,143 net, $18,752 ; interest, $78,000.
Toledo Walbondlns Valley dc Toledo Owns road in operation fi-oni Toledo June, to Toledo, O., 80 miles, and under construction,
to be completed July 1, 1892, from Londouville to Coshocton, O.,
42 miles. A consolidation of the Northw. Ohio and tlie Wallion. Valley
Railway. Leased to the Pfuusylvania C^ompany, which guarantees
nrlucipal and Interest of the bouds. Tlie mortgage is for $4,000,0(K);
there is a sinking fund of 1 per cent, if bouds can ho purchased at par
or less otherwise it lapses, the bonds not being subject to call before
maturity.
Traverse City.—Owns Walton Junction, Mich., to Traverse City,
Klch., 26 miles. Leased to Grand Rapids & Indiana till January 1,
1933 rental, net earnings, which are guaranteed to be not less than
Interest on lii-st mortgage. There are also $190,000 of 5 per cent in<M>mes due January 1. li)33. Stock, $205,000; par, $100. In 1891 gross
earnings were .$13,197; net, $8,170; interest, $7,500 other charges,
.$787; loss $116, against ,$2,268 in 1890.
Tucson Clobe dc Northern A rlzona.— Projected and under construction from Tucson, Ariz., onSoutliern Pacific KR., to Qlobe, 110
miles, with branch to coal tlelds, 20 miles. Mortgage is for $20,000 per
Ic
pal,Wben Dos.
Kote lper When Where Payable, and by Stneiit—lMfi
OiitJS,SI}Sfnu.
OutBtauamg
f,
p.vable
W^om.
Cent.
Payable
DlTldead.
Par
I
Road. Bonds Value,
loledo St. LauU <t Kansa* City.— Common stock. .
Preferred Btoek, 4 nor cent, non oumiilatlve
o*
l8t inortKiiKP. polil (ledoeuinl)lo at lOfi)
Eciiilimumt uottB (int. Imluded In amt. out)
loUilo Haf/inaw it iluskegon—SU>c]i
Ist niortfjago. gold
Toledo Wul/wntliiig VuUey tt OAio— Stock
Gen. M. ($20,000 p.m.), gold, BerlesA, guar.. 0*<kr
Traverse Cily «/f.— Stock
Ulster
133
;
renewal. $145,000; eqiiiiimcut trust. Scries C, $671,000; collateral
trust, 412S, $237,000; Kansas Division and collateral bonds, $5,000,000; $1,000 Denver Extension bonds.
The outstanding bonds above are also given less the amounts of each
class held by the trustees of the consolidated mortgikge. The consolidated mortgage trustees are Jav Gould aud Rusaell Saee, and
they held In trust on January 1, 1892. the following bonds of tto
Kansas Paclflc. making $6,786,850 in all, viz.: Leavenworth Branch,
$582,000; income (unsubordinated) bonds, $241,200; Income (suborlf
nated) bouds, $3,992,650 Cheyenne Branch. Denver Pacific bomla, $1,974,000. They also hehi $183,000 U. P. collateral trust notes and
$1,980,500 of the stocks and $3,160,000 ot bonds of oompanlee controlled by the Union Pacific.
The Kansas Paclflc consolidated mortgage covers the road from Kansas
City to Denver, aud branch, 073 miles, subject to the divisional bonds
(to retire which sufllcloiit bonds are held) aud tl'.e United States lien.
In April, 1891, anew loan for $20,000,000 ot 5 per cent bonds was
authorized, to bo called the Kansas Division aud Collateral, Mortgage.
These bouds were only hypotUooated aa collateral, and In August, 1891
the floating debt being pressing, a proposition was made to the creditors to fund the floating debt of over $19,000,000 into three-year 6
per cent debt certlflcates. to be taken at 92 "a. The total authorized
amoun' of this issue is $34,0<M),000. A list of the collateral deposltad
with Messrs. Drexel, Morgan A Co. as trustees, to secure the oerofloates
;
134
INTESTOES' SUPPLEMENT.
IvoL. Lrv.
1
.
.
May,
:
:
.
KAILEOAD STOCKS AND BONDS.
1893.]
Snba«rtbers
trill
confer a
grreat
13S
faror by kItIdk iBuaedlate notice of any error dlitcoTered In ttaeae Table*.
RAILKOAD8.
For explanation of uolumn headings, &o., see notes
uu
.
Uritt i>uge ol tables.
Miles
Date
Size, or
of
of
Par
Road. Bouds Value.
INTEREST OR DIVmENDS.
Oi^Udini.
uutstautting
«'*'«
I'*""
(^m
^'""'
Payable
~Borute-l>rani
Where payable, and by
Whom.
pal.Wben I>im>
SlocJu-Lmtt
Dividend.
Vnion Paeiflc.—fOoncluded.)
Kan. Pac. 2d m.
Leavenworth
(to U.S.
Br., 1st
Gov.) on 394 in. W.Mo.R.
M. (»582,000 in trust)
.
Denver Piiclflc, Ist M. gold ($1,971,000 In trust)
Denver Ex. l»t M., '2,I02,()OO acres, gold. .c**r
Income luortKaxe (if242.4.'50 held in trust)
o
Income M., subordinated. $3,992,(550 held In tr,
Cons. M. for $30,000,000, l.Kr. Kold, notdr'n..o'
TJn. Pac. Kansas Uiv. and Col. Trust bonds
U. Pac. oollat. trust gold notes for$24,0(X>,000. c*r
Vnion I'aeijir Z>e/n)cr.« On//— Stock for $30,000,000
Colorado Central 1st mort., $15,000 per
o
Denver Marshall & Boulder ist mortgage.
Denv. Te.x. & Ft. Worth Ist M. ($20,000 p.m.)g.o'
Denver Texas & (iulf IstM. ($20,000 p.m.)g..c*r
a Consol. mortgage, gold, subject to call at 105.. o'
1 Ft. Worth & Denv. City 1st M., $18,000 p. m., g.o*
^*Union Pacific Liiicotii <« Colorado— atoc)^
IstM. ($20,000 i>er mile), gold, guaranteed
o*
^VnUed tf. J. UK. dt Oanal Co.— Stock, 10 p. o. guar.
m
^
General
Mortgage
1871
of
(now 1st
mort.) secures all
equally.
,$36,920 yr. not dr.,g.o
do do do $36,000 yr. not dr., g.o
cur. loan, s. f. $40,000 yr. not dr'n.r
loans of 1901, gold
o
loan of 1908, gold
r
loan of 1923, gold
r
loan of 1929, gold
o&r
ster. loan, s.
f.
394 1805-7
32 1868 $1,000
1,000
106 1869
1,000
236 1869
60 &o.
427 1866
427 1866
1,000
675 1879
1891
1891
hypotliec'ted
l,00O<fco
100
450
1879
1,000
1,000
1886
1,000
1887
1887 1,000 &o
1890
1,000
1881
1,000
225
iss's
328
30
165
138
824
$6,303,000
18,000
4,000
5,886,000
21,250
19,000
12,470,000
1,000
100
1869
*<
1871
•a
S a 1871
73-'76
^ O 1878
00 a
1883
n c3 1889
«200
200
1,000
1,000
1,000
1,000
1,000
1H,293,000
31,151,700
4,701,000
226,000
860,000
7
7
6
7
7
6
K.
<](
K-
ft
«
g.
7
ft
6
B-
1,1.53,000
5 K15,673,000
a K7,958,000
6 e2,181,800
4,479,000
5 ft21,240,400 10 1>. tn
1,840.000
6 R.
1,800,000
« K2,000,000
«
5,(!69,000
6 K841,000
6 R.
1,824,000
4 K.
6,020,000
4 g-
Disbursements—
and a full abstract of the trust deed were given in V. 53, pp. 528-531.
The stocks deposited carry the control or all the most tmportaut Interest on bouds
branches of the system. The notes are redeemable at the company's Sinking funds
& N. N. Y., Un. Tr. 4 Boston.
& N.
do
do
M. & N K.Y.,Lond'n & FrankTt.
M.
8, N. Y., Bk. of Conuuoroe.
M. & a
M. A N N. Y., Un. Trust & Bo«t.
M. & N.
F. & A. N. Y., DrexelVik. 4 Co.
J. & J. N. Y.. Un. Trust ic Boat,
J. & D.
do
do
M. ± H.
do
do
A. & O.
do
do
J. & D.
do
do
J. & D.
do
do
A. 4 O. N.Y., Union Tr. 4 Bost.
Q.-J. Phlla. and N.Y., Offloes.
M. & S. I<ond'n,J.8.Morgan4Co
M. A B.
do
do
A. & O. Philadelphia, Penn. RR.
M. 4 8.
do
do
M. 4 8.
do
do
F. 4 A.
do
do
M. 4 S.
do
do
M.
M.
1889.
$9,333,949
907,982
1,095,114
292,950
169,321
96,042
82,506
339,003
1895 to 189T
1, 1896
1, 1899
1, 1890
July 1, 19U1
July 1, 1916
May 1, 1919
Jan.
May
May
Aug.
1,
1894
July
1,
1,
1,
1,
1,
1,
1900
1916
1937
1937
1939
1931
June
Nov.
Apr.
Deo.
Deo.
Apr. 1,
Jan. 10,
Moh.
Hoh.
1.
1,
1,
1,
Oct.
Mch.
Sept. 1,
Feb.
1,
1,
Sept
1890.
1891.
$9,604,496 $10,191,682
1,064,489
1,087,901
651,820
591,951
731,184
687,469
65,714
4,032
15,007
377,417
257,262
147,045
161,495
option at par on 30 days notice. The notes are l.ssued in deuomuiations Div. on O. Ry. 4 N. stock..
or $1,000 for the coupon notes and $10,000 for the retfistered. A con- Discount and Interest
Discount on bonds sold, 4o.
densed list of the collateral is as follows
Bonds—
Par Value.
Par Value Loss on roads op. Jointly..
StocksK. C. 4 Om. IstSs
$1,595,500 Oregon Ry. 4 Nav
$1,035,000 Misc. Incl. N. P. Ter. Int
Kansas Cent. 1st 6s... 1,347,000 O.8. L.4U. N
14,990,703 Profit and loss
Om. 4 Rep. Val. 5s 4 78. 1,778,000 U. P. Den. 4 Gulf
13,251,882
Total disbursements... $12,316,867
R.
N.
O.
4 eon. 5s
712,000 U. P. Coal Co
4,999,000
$12,657,172 $12,981,782
O. R. 4 N. col. trusts 5s.
1,1593,000 Pacitic E.xpress Co.
2,130,771
2,400,000 Surplus
778,686
2,358,273
United
Or. 8h.L.4U.N.con.5s. 3,369,000 Central Branch U. P..
States requirements
874,200
1,156,007
1,053,723
1,293,230
do
do
col.tr.5s.
4,205,500 Miscellaneous stocks. 19,041,733
Balance
do
do prior iss's. 1,732,000
Sur.$975,764 Def. $275,037 8ur.l,065,042
U.P.Kan.Div.4Col. 5s. 5,000,000
Total stocks
$56,593,518 —(V. 52 p. 41. 82, 121, 126, 428, 635, 659, 678, 681, 899, 939, 940; T.
U. P. Coal Co. 1st 58.
53, p. 157, 187, 290, 368, 436, 475, 528, 570 V. 54, ir
4,950,000
Notes—
p. 626,. 861, 705,.
,
,
U.P.Den.4Gulf IstSs. 8,085,000 Various companies
$2,403,547 719,723,726.)
do
do prior issues 1,392,000
IJulon Pactnc Denver Sc Gnyt.—(See Map.;—This oompany**
HlsceUaneoits bonds..
3,304,559 Totalof aU,par Talue.$ 98,059,623 road extends from Cheyenne, Wy., to Orln Junction, 154 miles; Denver
to Bessemer Junction, Col., 129 miles Trinidad, (3ol., to Texas State
Line, Tex., 137 miles; La Salle, Col., to Julesburg, 151 miles; branohea
Total bonds
$39,063,559
Land Grant.—The proceeds of laud sales on the Union Pacific main (89 miles of which narrow gauge), 305 miles; total, 876 miles; trackline are apiillcable to the sinking fund mortgage 8 per cent bonds. On age, Denver 4 Rio Grande, Gulf Junction to Trinidad, 92 miles, and
the Kansiis Pacitic the cash Income from land belongs to to the consoli- branches, 16 miles; controls Fort Worth 4 Denver City RR., Texline,
dated and the Denver Extension mortgages. On January 1, 1892, the Texas, to Fort Worth, 455 miles, and Pan-handle Railroad, 15 miles,
company had in cash and in land contracts from the Union Paciflo making a grand total In system of 1,454 miles. This is a consolidation
grant the sum of $5,453,439, and the interest to accrue on land con- of the Denver Texas 4 Fort Worth and several Union Pacific lines. It
fracts was estimated at $1,150,000. On January 1, 1892, the Union is controlled and operated under tratUo contract by the Union Pacific,
Pacific lands unsold were 2,986,000 acres, estimated at $2,344,000; the which guarantees to give the Denver 4 Gulf enough business to pay
Kansas Pacitic lands unsold, 3,164,000 acres, estimated at $10,100,500, interest and taxes. See V. 49, p. 720.
Capital stock authorized is $36,000,000, of which $31,759,032 had
this last including 2,102,0(X) acres, valued at $5,340,000, covered by the
been issued on January 1, 1892, $13,251,882 of this being owned by the
Denver Extension mortgage.
Union
Pacific Company and $3,406,800 by the company itself. In adThe Kansas Paciflo lands, from the 380th mile westward, are covered
first by the Denver Extension mortgage (covering 394th to 639th mile), dition the stock of constituent companies outstanding on January 1,
1892,
amounted
to $2,078,010. In the table above the stock is given
and all the lauds of the Kansas Pacitic by the consolidated mortgage.
OPEKATION8, Finances, &c.—The company has extended rapidly and as reported by the N. Y. Stock Exchange on May 20, 1892. The company
holds
in
its
treasury $7,766,000 of the capital stock of $9,375,000
t)uUt and acquired much new mileage.
From Jan. 1 to March 31, 1892, the earnings of each division and of the Fort Worth & Denver City Railway Co., which see.
The
consolidated
mortgage of 1890 provides for bonds at $25,000 per
of the " Union Pacitic System " and also the grand total for all lines
mile of single and $35,000 per mile of double-track of completed raloperated were as follows
way
for
(and
further
amoimts on the pledging with the trustee of oerGross Earnings.
Net Earnings.
taln securities), sutHcient bonds being reserved to retire the divisional
1892.
1891.
1892.
1891.
bonds
at
or
m
before
Ol
jD
Ol
maturity. There is no sinking fund tor the consols,
but the
Oregon 8. L. 4 U. N
1,487,896 1,793,914
491,590
712,489 on any whole issue as an entirety is subject to call for payment at 1(»
interest day after six weeks' notice. These bonds are indorse*
Or. Ry. 4 N. Co. rail lines..
883,393 1,232,089
340,268 with
76,407
the Union Paolflo's guaranty of Interest. See abstract of mortUnion Pac. Denver 4 Gulf 1,270,784 1,149,425
203,589
172,355
gage in V. 51, p. 244.
St. Joseph & Grand Isl'd.
284,353
167,143
120,076
29,673
The
amount of consols outstanding in the table above Is that reAH other Unes
5,050,059 4,562,298 1,803,926 1,441,115
ported by the N. Y. Stock Exchange in May, 1892. The Union Pacific
•Total"Un. Pac. Sys.". 8,976,485 8,884,869 2,695,538 2,695,902 report for 1891 gave the total outstanding January 1. 1892, as $15,of wliich the Union Pacific Co. held $7,330,000 and the com-Oent. Br. and leased lines.
317,873
146,391
142,287 def.
40 526,000.
pany Itself $1,027,000.
>sBoadsjolntly owned..
144.346
136,126
23,585
6,970
See U. P. for the securities of this company pledged to secure U. P.
trust deeds. The floating debt Jan. 1, 1892, was $1,217,296.
T Grand total of all
9,438,704 9,167,386 2,861,460 2,702,832
From Jan. 1 to March 31, 1892 (3 months), gross earnings were $1,270,784, against $1,149,425 In 1891
net, $203,589, against $172,355.
* Average mileage 7,672 In 1892 against
7,668 In 1891 t Average
Report for 1891 was in V. 54, p. 719, showing results as follows, the
mileage 8,148 In 1892 against 8,144 in 1891.
income from the Fort Worth 4 Denver City not beine inolnded In the
The report for 1891 was given at considerable length in the Chron- CToss and net earnings, but the profit from Its operations being added
ICJJK, V. 54, p. 719, 722
to get the final result.
see also article on p. 705.
On the " Union Pacific System" proper, operations were as follows.
EAUNINOS, BXFENSES AND CHAROBS.
1890.
1891.
OPEBATrONS AND FISCAL RB8DLT8
Averagemtles operated
983
927
1889.
1890.
1891.
Gross earnings
$3,738,573
$3,732,244
Average miles operated..
7,389
7,562
7,668
Net earns, .after deduct, taxes 4 oper.exp.
$809,901
$656,993
Operations—
Add income from investments, 4o
81,539
70,861
Passengers carr'd one ml. 855,822,732
464,089
399,664,486
342,481,860 Guaranty account
Bate per pass'gr per ml.
2-414 cts.
2-336 cts.
2-477 cU.
•Tons carried one mile
Total income
1,950,241,673 2,115,988,741 2,192,287,955
8880,762
1,202,620
•Bate per ton per mile
r 405 cts.
1-381 Ots.
1-343 cts. Interest on bonds
1821,325
t 1,202,620
Rental of track
148,353
$
Gross earnings
26,852
39,669,600
81,604
43,049,248
42,699,588 Discount and interest and miscellaneous.
Operating exp and taxes.
26,013,551
30,811,164
29,160,278
Total
$1,051,282
$1,229,472
Net earnings
def. $26,852
13,656,049
Jef.$170,521
12,238,084
13,539,310 Result
Profit on Ft. W. 4 D. C. operations
F. c. of op. ex to earn
275,202
64,TSS
65-58
71-57
68-29
The company's Income aoBount, including results on all lines oper- Surplus
for
year
$104,771
$37,883
ated, wag as below
—(V. 50, p. 138, 197, 484, 590; V. 51, p. 143, 193, 244; V. 52, p. 67»;
. .
;
;
—
—
.
.
.
;
;
.
.
. .
INCOMB AOOOONT.
„
.
,
E»teipt»—
?il**^£lK5;-;,-_-::v.-"Cent. Br'ch U. P net earn.
Investments out. of sys.
Int. on 8. F. 8 p. c. bonds,
Int.on K.P.eon.bdg.rep'd.
.Miscellaneous
Totel receipts
1889.
V. 54, p. 719.)
1800.
$
«
13.656,049
163,554
482,180
12,2f8,084
115,089
606,539
145,855
381,300
03,946
14,447,638
13,436,856
ITnlon Pacific I.lncoIn Sc Colorado.—Owns from Sallna tf
Junction with the Kansas Pao. Ry. at Oakley, Kan., 225 miles. Thebon<^
$
13,539,310 are guaranteed by Union Pae., by endorsement; trustee of mortga^k
168,818 the American Loan & Trust Co., of Boston sinking fimd of ^3 of 1 per
837,151 cent yearly, but bonds cannot be drawn. Union Pacific owns all ui0
244,720 stock except what is held by certain counties in Kansas. In 1891 groan
377,100 earnings, $211,964; net over taxes, 4c., $1 07,509 (against $48,326 to
172,955 1890) traltic guaranty, $116.350 total net Income, $223,950 tnti*'
est, $-.223,950, and sinking fund, $30,053
balancA, deOolt; ttO,053.
15,340,054 against $86,601 in 1890. (V. 47, p. 490, 803.)
i.,
1891.
;
;
;
;
;
,
,
,
1136
INTESTOES'
SUPPLEMENT.
[Vol. LTV,
;
;
.
May,
.
RAILROAD STOCKS AND
1893.]
:
137
BOJ!n)S.
Subacrlbers htIU confer a great faTor by e^rtng Immediate notice of anjr error dlacovered In these Table*.
Bond*— Piiaet^
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Due.
Amount Rate per When Where Payable, and by pal.When
aiock»—hut
of
of
Par
4ror ezplanatlou of ooliunn headings, dec, see notes
Outstanding Cent. Payable
Wnom,
Dividend,
Road.
Bonds
Value.
tableu.
ou tirst page of
VHea Chen. <t Su»q. Toi.— Stook,6p.o.gu. by D.L,.&W.
VHea Clinlon it Bingh'lori^lBt M.. guar. D. & H. .c
Valley (\. rj— fitoA, 5 p. c. g\iar. Dy D. L. & W.
.
1st inortKUKo (for IJi,-)(K),O0O)
ToUley (()hiii)—\&t, riioit., CIcve. to Canton, gold..o*
Consol. niort. (^1,00(1,000) );old, 9.f.,notdp'u.c*4r
TaUey (Virmnia)~lat mortgago for $1,000,000 ..o
Yermonl it 3fas».— Stock, (i p. c. guar, by Fltchburg
BondH, not iiiortgago (guar, by FitohbHrgRR.).o*
Termant Vatle,, of 1871—Stock
Ist M.. with ^.'JOO.OOO Sill. Co. RR. stock as col. .0'
Tiekg. mhrevrp. <£ J'aciflc—Prior Uen mort., gold. .0*
0*
ist mortgage, gold
3dM. anil l«tM. on land, $2,500,000, gold
o*
Inc. bds. non-ouni. (there are also $1 27,000 old Gs)
To. J/mHV/—.St'ck($4..')24,233ownedby K.&W.RT.)
Mort., lsteer.,lHtM. Alox.t«(iordonBv.&br.,i)7m.
2d series, l8t mort., (Miarlot. to Lynch., 6() m.).
3d series, 2d Hen on (10 miles; 3d on i)7 miles. .
31
12
12
59
83
62
69
"so
24
189
180
189
,
4th series, 4 per cent till March
Sth series, 1st on 115 miles
1,
1901
Gen. mort., int giiar.' by R.'&bl,'$i2,5o6;66o.o*
General mort., prin. and int. guar. (endorBed)gold
Oharlotev.A Rapid. (I'sed) IstM., s. f.,dr'n at lOO.o*
Yirginitt i£ True, ee — Stock
Wabash RR.—Bt. L. K. C. & No. 1st mort. (North Mo.)
St. L. K. C. & No. 2d mort. real estate and railway
o'
St. Charles Bridge Ist mortgage, gold
,
2d mortgage
$100
97
97
157
157
157
272
75
347
347
28
1889
100
1881
1879 lOO'ic,
1881
1,000
1881
1,000
100
1883
1,000
50
1880
1,000
1885
1,000
1881
1,000
188«
1,000
1887
ido
issi 100 &0.
1881 100 Ac.
1881 100 &c.
1881 100 &.C.
1881 100 &c.
1,000
1881
1886
1,000
1886
1,000
1879 100 &c.
1865
1874
1878
1878
do
6 per an.
1,000,000
1,000.000
5
3
do
& N.
& J.
A O.
& N.
& J
& J.
800,000
4,000,000
Og6g.
2,046,87.')
4-5 g.
1,323,(H)0
"e
6
6
4-5
0,'>O,0()O
1,775,000
1,310,000
2,302,000
2,466,000
5
5
5
%'
421,700
1,000
1,000
6,000,000
3,000,000
1,000,000
100
388,500
do
N. Y., Merc. Tr. & Bait
BORt.,53 Devonshire St
Boston, Fit«hburg RR.
Bellows Falls.
Boston, H. Den. & Tr.Co.
N. Y., Central Trust Co.
N. Y., Farm. L.& Tr.Co.
N. Y., Central Trust (3o.
4
404.8(iO
6,000,000
600,000
1,000,000
1,100,000
i',6oo
do
N. Y., Mercantile Tr. Co.
^-
7.')0,0<M)
3,lit3,(X)0
5,(MK),000
353
372
N. Y., Del. I>. 4 W. RR. May 1, ises
N.Y., Security 4 Tr. Co, July 1, 1939
N. Y., Del. Lack. A. West. Jan. , 1892
$4,000,000 6 per an.
800,000
5
760,000 5 per an.
,5
400,000
1,600,000
2,400,000
1,000
M.
M.
M.
M.
M.
M.
M.
M.
&
A
&
&
&
&
&
&
J.
<fe
(»)
7
J.
7
M.
A.
A.
S.
8.
S.
8.
a.
8.
Aug. 1, 1911
June 15,1906
Sept 1, 1931
Oct 1, 1931
April 8, 1893
^fey 1, 1908
Jan. 1, 1892
Oct 1, 1910
Nov. 1, 1915
Jan. 1, 1930
Jan. 1, 1916
Jan. 1, 1930
N.Y., Fourth Nat Bank,
Hoh.
Moh.
Moh.
Mch.
Moh.
N.Y.,4thNatlonal Bank. Moh.
do
do
do
do
1,
1,
1,
1,
1,
1,
1,
1,
1,
do
do
do
do
N. N. Y., Central Trust Co.
N.
do
do
J. Phlla. Tr.
Safe Depos.
May
Hay
N. Y., Bk.ot Commerce,
July
A
July
1906
1911
1916
1931
1936
1981
1986
1986
1918
(1)
&
&
&
&
J.
8.
do
do
do
O.
O.
do
do
do
1,
1,
1,
1,
Sept
Oct
Oct
189S
1895
1908
1908
I
(Tnlted Tievr Jersey Railroad ic Canal Co.— (See map Pennaylvania 21. li.) Controls an Important system of roads in Northern
New Jersey, having a line from New York to Philadelphia, another
from Perth Amboy to Camden, opposite Pliiladelphia, and branches to
Long Branch, Berkeley, etc., N. J., and to Manuuka Chunk, Pa. Total
mileage 450 miles. The principal lines owned directly aie from Jersey
City t* Trenton, 56 miles, and from Camden to Soutli Amboy, 61 miles
9 branches, 20 miles total (owned directly) 146 miles. Also owns the
Delaware & Raritau Canal, 66 miles. Among the lin f leased are the
Phlladolpliia & Trenton and the Belvldere Delaware— which see.
Leased in May, 1871, to the Pennsylvania Railroad for 099 years, at
a rental of 10 per cent on the stock, besides Interest ou bonds. Penn-
From July
1801, to March 31, 1892 (9 months), gross earnings wer*
$530,22 6, against $516,591 in 1890-91; net $167,000, against$151,066.
Report for year ending June 30, 1891, was in V. 53, p. 639. Gross
receipts were $638,682; net, $157,264; interest on bonds, $394,789;
interest on car trusts, $7,017 deficit for year, $401,806. In 1889-90
gross, $639,753; net, $122,994; deficit under Interest, $270,974. (V.
49, p. 399 : V. 51, p. 303; V. 53, p. 639.)
;
Virginia Midland.— CSeeJfap of Richmond it West Point Terminal.
—Line of Road.— From Alexandria to Gordonsvillo, 88 miles Warren-
;
;
ton Branch, 9 miles
Vtlca Cbenango
97
Tho Washington City Virginia Midland & Great Southern was sold
December 20, 1880, and reorganized as Virginia Midland.
In April, 1886, a lease of tills read was made to the Richmond A Danville on the basis of a payment of the fixed charges and the payment by
the lessee of any balance of net earnings to the Virginia Midland (Company. The lessee may if it cliooses lulvanee the money for interest on
& Susquehanna
the six series of prior bonds, if earnings are insuttlclent, but guarantees
positively the general mortgage interest. The Richmond & West Point
Terminal Company owns $1,524,233 stock, most of which Is deposited
as security for its collateral trust deeds.
In March, 1892, security iiolders were invited to participate In the
Richmond Terminal reorganization plan. See the Terminal Co. and V.
54, p. 287.
The fourth series bonds will bear 4 per cent till March 1, 1901, and 5
thereafter. Of the $12,500,000 general mortgage bonds, $7,635,000
were held to retire the serial bonds, also enough for the incomes. See
abstract of inortgagQ, V. 47, p. 23. Part of the general mortgage bonds
bear the endorsed guarantee in gold as to principal and interest of the
Richmond & Danville. The unstarai)ed bonds are currency bonds, but
may be stamped payable in gold on a payment of 2Hi per cent
Earnings for the years ending June 30 were
;
& BInghamton.—Owns
from Utlca, N. Y., to
Leased during continuance of charter
Delaware & Hudson Canal Company, whicli
pays rental of $61 ,500 per annum. Operated by tlie New York Ontario
The street lines owned by the companj- arc liaised to Utica
dc Western.
BandallvUle, N. Y., 31 miles.
and renewals thereof
;
;
Road opened October,
Lackawanna &
Vtlca Clinton
;
&
Valley.—Owns from Utlca,
liranch to Rlohfleld Springs, 22 miles
1872. Leased to Delaware
Western at 6 per cent on stock. Has no bonded debt.
miles.
Charlottesvillo to Lynchburg, 60 miles; Lyuoh;
;
K. Y., to Greene, N. Y., 75 miles
;
biu-g to Danville, 66 miles
Pittsville Branch, 9 miles
Manassas Junction to Harrisonburg, 114 miles (of which 51 miles leased to Baltimora
Ohio); small branoucs,
miles total owned, 348 miles. Leases: (Charlottesville & Rapidan Railroad, Orange Court House to CHiarlottesvUle,
28 miles; Franklin i Pittsylvania Railroad (3 feet), Pittsville to Roolv
Mountain, 30 miles total leased, 58 miles. Total owned and leased,
406 miles, of which 51 miles, Strasburg .Tunction to Harrisonburg, Ig
leased to the Baltimore <fe Ohio (In perpetuity at B.& O.'s option for
$80,250 yearly), and miles to Chesa. & O., leaving 346 miles operated.
sylvania Railroad owns $1,3.")0,000 stock.
The general mortgage of April 20, 1871, is for $20,000,000 (trustee,
Fidelity Insurance 'Trust & Safe Dep. Co. of piiiilidclphia), and secures
equally all the lionds in the table, though Issuia at different dates. The
68 due in 1804 wore plain bonds merely until secured l>y this indenture.
In 1801 gross earnings were $18,905,502 net, including income from
Investments, $4,.')87,220, against $5,134,076 in 1890. Net loss to lessee
In 1881, $302,864; in 1882, $568,759; in 1883, $635,014; in 1884,
8503,536; in 1885, $150,496: in 1886, $170,016; in 1887, $227,091
In 1888, $160,.501; in 1891, $276,455. Net proHt in 1889, $138,712;
In 1800, $396,885. Sinking funds December 31, 1801, held securities
of par value of $.1,343,000 and cash uninvested $01,318.
total,
1,
—
to
Belt Line Street Railroad Company for $15,000 per aiiumu. Capital
stock, $849,285 (par $100), of wlilcli city of Utica holds $200,000, with
interest giiarantecd 5 per cent, tlio Iwilance paying 1 % per cent.
Valley (N. V.) Railroad.- Owns from Blngharaton, N. Y., to
State Line of Pennsylvania, 12 miles. Opened Oct«l)er, 1871. Leased to
Delaware Lackawanna & Western at 5 per cent per annum on stock,
the lessee assiuning the interest ou bonds
Valley (Ohio).— Owns from Cleveland, O., to Valley Junction, 0.,75
miles, and 13 miles of small branches. Of the consolidated mortgage
1,(100,000 is held in trust to retire tho Urst mortgage when due of the
f 2,400.000 consols, given above as outstanding, $876,000 on March 1,
1802, were plo<tged as collateral for loans. This mort. isallrstlienonthe
Cleveland terminal property. A sinking fund for tho Urst mortgage
began in 1881 and for the oonsol. mortgage in 1891; no drawings.
Capital, $1,261,973 par, $50.
Control acqmred in 1889 by the Baltimore & Ohio Railroad Company. Earnings In 1891, 8757,440: net,
8216,005, against $262,436 in 1890. (V. 50, p. 70.)
Valley (Virginia).- OwnsfroniHanisonburg to Ixsxington.Va. ,62
miles. By tliir* and connecting linos unilor Baltimore & Ohio control,
the distance from Lexington is 243 miles to Baltimore and 217 miles to
Wasnlngton. 'The Baltlnioro & Ohio owns $1,020,000 stocK and the
City of Baltimore $1,000,000 stock. Stock outstanding. $2,731,839
(par, $100). In yc-vrs 18UO-01 gross earnings were $150,470 net, $42,185. In 1880-90 deUcit under interest, $18,100.
Vermont
massachusetts.— Line of road, Fltchburg to OreenBeld, Mass., 56 miles; branch, 3 miles. The roatl is leased to the Fitchburg BR. for 009 years at 6 per cent on stock. The lessee to September
80, 1889, had invested $1,491,435 in improvements for this road.
Vermont Valley of 18T1.—Owns from Bellows Falls to Brattleboro, Vt., 24 miles; and l)y ownership of stock the Sullivan Conuty RR.
from Bellows Falls to Windsor, Vt., 2(5 miles total, 50 miles. (Controlled
In the interest of the C^onneoticut River RK. The N. Y. N. H. & Hart
owns $249,700 stock. Tlie Sullivan County RR. stock of $500,000 is
deposited as additional security for tho above mortgage bonds. Dividends sinco 1880 have been
In 1881, 41a per cent; In 1882, 4: from
1883 to Jan., 1892, both inclusive, at the rate of 6 percent yearly.
In 1890 gross eamlng8j^$192,629 net $75,133, agst $80,101 in 1880.
Vlcksburg Miroveport &. Paclflc— rSee Map Cincinnati 2Veu»
Orleans di Tejcas Pai^i/it.)— From Delta, La., ou Mississippi River, to
Shreveport, 170 miles, and extension to Texas State Line, 18 miles
Miles.
1889-90
1890-91
-(V. 53,
;
355
p.
Sur. over
charges.
Gross receipts. Netrecelpts.
$2,274,383
$719,219
2,395,929
906,548
821,951
163,029
843.)
Virginia & Truckee.- Reno, Nov., to Virginia, Nev., 52 mlles^
Bonds all paid oir. Gross earnings in 1888 were $771,544; net, $366,721; dividends, $265,000; iuterest and bond payments, $114,500. IB
year ending June 30, 1800, gross, 8629,507 net, $256,431
Interest
paid, $l,17i>; dividends, $225,000; bonds redeemed, $101,000 deflott
;
;
;
;
$73,015,
D. O. Mills, President.
Wabash Railroad.—CSree Jfop.J—Owns and operates an extended
system of roads, which may easily ue seen on the aooompanying map, as
follows, viz.:
OWNED EAST OF
;
MISSIggrPPI EIVER.
Miles.
Toledo, O., to East Hannibal,
Camp Pt. and Elvaston, HI.
Decatur, III., to K. St. Louis.
Juno, near Chicago to EtUng-
&
OWNSO WEST OF
MIS8IIWIPPI EI7BB.
ICUes.
St. Louis to near Kansas C!lty.
St. L. Levee to Ferguson, Mo.
636
110 Uoberly to Ottumwa, Mo
Salisbury to Gliisgow,
ham and Altamont, III
Mo
275
11
131
15
216 LBASKD WEST Of .MISSISSIPPI RIYBB.
31 Bninswiok to Pattonsb'g,Mo.
80
Edward9Centralla to Columbia, Mo...
21
Streator to i'airbury
Edwardsvillo
to
vllle Crossing, III
Delrey,noar Detroit, to Butler
;
Total
8
110
Owned & leased W. of Miss. 538
1,012
Tot cov'r'd by Ist 4 deb. M. 1,544
LEASED EAST OP HlgSISSIPPI RIVEB.
Eel River RR., Butler to Logansport, Ind
94
:
TBACKAOE, ETC.
Laketon Juno, to Chicago
123
8 short pes. into Quincy, Dotroit,&o.,(18m.l)eingown'd)
Operat'd for Purchasing Com.
93
70
The following is a statement of Maysv.to Pittsfield (leased) ...
6
lines owned and leased west of the
Grand total operated
(the latter leivsed to Toxiis & Pacltlc); total, 188 iniles. The old Vlcks- Mississippi and of trackage, &o.
1,930
biu-g Shreveport & Pacitie Bead was sold in foreclosure Decemlier 1,
HiSToKV, OiuiAXizATioN, Ac— Thc Wabash St. Ixinis A Paoiflc, which
1870, and reorganized under present title. The stock is $l,(>01.n(X) (par was a consolidation in 1379 of the Wabasli Railway and tho St Louis
8100), of which tlio Alabaiua New Orleans & Texivs PaciHc Junction Kansas City A Northern, was sold in foreclosure in 1889, this company
Raih-oad Company holds a m^orlty, together with $3,602,000 of the 1st being organized on July 12, 1889. For outline of reorganization plan
mortgage and $065,500 3d mortgage bonds. Tho 3d mortgage seo INVKSTOKS' Suppi.KMKST up to January, 1889.
bonds carry 4 tier cent till 1804, and thereafter 5 per cent
The Boone Co. A Boonoville RR. is leased till May, 1973. The BrunsNet proceeds of land sales go to payment of interest on these wick A Cliillicotlio wivs leased to St. Louis Kansas City A Northern for
bonds if necessary, otherwise to sinking fund no liouds drawn (see V. 900 years. Its bonds l)ear 6 per cent interest till August 1, 1900, them
43, p. 104). Lands unsold June 30, 1891, were 223,228 acres. Trustees 8 per cent till maturity. On April 1, 1887, the Eel River BR. was
;
;
i
of prior lien mortgage and of 3d mortgage. Cent. Trust Co.; of Ist mort...
Farmers' Loan & Trust Co. Car trusts Aug. 30, 1891, $83,727. Couponsdue and unpaid to Juno30. 1891, Ist mortgage, $775,320; 3d mortgage, $172,581. Nov.. 1801, tinal payment of $5,000 was made on
aoupon of this mortgage du« July 1. 1888. m joitu ,« *Miitta
leased for 99 years (See that company).
Entrance to Cliicago is secured over the CTiicago A Western Indiana,
of whose stock this company owns $1,000,000.
The company lias decided to conatruot a road of its own from MontpeUer, Ind., to ajunctlon with the Chicago A Western Indiana at f^n""""Hfl,
138
INVESTOES' SUPPLEMElST.
[Vol. LIV,
f
.
Mat,
.
.
KAILKOAD STOCKS AND BONDS.
1892.J
SnbBcrlbera
nrlll
confer a {[rcat favor
RAILROADS.
For explanation of column lieadinKS,
on first page ot tablo«.
Wabash— ( Coneltuted) —
Wabash 1st M., gold, B. t., not dr.
iie.,
see noteH
bjr
($34,000,000) o 1,544
1,638
do. series B, red. atjiar
o*
Clilc. I';,\tcii. Ist M., gold, rod. at 110.
Leaskd fciNK Bonds—
Omalia 1st mortgage.
42
Bt. Louis Council Bluffs
&
&
Boone Co. <t liooncvlUo 1st mortgage. Int. guar.
Brunswick & ChiUicotlie 1st mortgage, int. giiar.
Walkill Valtey—lfA mortgage
2d mortgage
Ware 7MtKT—«tock,7 p.o.rental guar. 990 yrs.B.&Al.
Warren (If. J.>~8tocK,7 p. c. perp., guar. D. h.& W
2d mortgage, now 1st
1st consolidated mortgage
Wm( ,7(tr«fy~Rtock,
is
.'{il22,'2.'50
6
p. c.
"special"..
1st M., cum. sink. fd.$12,500 yearly, not drawn.c*
0*
l8t consolidatwl mortgage
Consolidated mortgage
r
Ocean City RK. and 8alem RR. bonds
o*
Swedesboro Railroad bonds
Woodstown & Swedesboro
West Jersey
rf
Atlantic
Ist
— Stock
Date
Size, or
of
Par
Road. Bonds Value.
Do.
Dct.
etvlng Immediate notice of any error discovered In theae Tables.
Miles
of
,.c 1,012
2d mortgage, gold
Deb. moit.. Inc., iioncum., series A, red. at par. 1,638
mortgage
0"
IstM.NewfleldtoAtlan.C, 33m.,dr'n at 100. cat
PlcasantvUle & Ocean City 1st mortgage
cAr
ire«(5Aore— Ist mortgage, guar, by N.Y.C.&Hud.oAr
West Virginia Central <f I'lltsbnrg— Stock
o*
Ist mortgage, ($25,000 i>cr mile) gold
West Tirffinia <t IHUsb.—lstM., s. f. notdr'n, gold.c*
22
38
49
18
18
18
"38
63
128
1889
1889
1889
1889
1891
33
7
448
il2
171
1878
1,000
1873
1,000
1878 100 &e.
1877
1877
100
1855
50
100
1870
1875
50
1866 500 &c.
1869 500 Ac.
1879 500 &c.
"
1868 100 Ac.
1882
1,000
50
1880
1,000
1880 100 &c.
1885 l.OOO&c
1881
1890
INTEREST OR DIVIDENDS.
When Where Payable, and by
Amount
Outstanding Rate per
Cent.
100
1,000
1,000
near Chicago, and to issue $3,500,000 bonds thereon. The annual rental
for trackage between these points Is now over $90,000, without the
right to local traflie. The new road, taking local business into account
will, it is believed, earn more than Its Interest charge of $175,000 per
626,000
100,000
304,500
250,000
330,000
750,000
1,800,000
7.50,000
600,000
2,204,600
1,000,000
1,000,000
750,000
200,000
200,000
90,000
904,850
190,000
80,000
50,000,000
J.
J.
J.
5,.500.000
2,800,000
4,000,000
West Jemey.—Main
J. N. Y., Bank of Com'erce July
May
N.
do
do
A. Boston, Bank Rodemp'n Aug.
J. N.Y.,Of.,5VanderblitAv Aug.
1,
1,
1,
1,
1,
2,
Company's
oflloe,
do
do
J.
do
do
S.
a. Phlla. , Of., 233 S. 4th St.
do
do
do
do
do
do
J.
O.
N.
A.
D.
N.
-
1,
S.
do
do
do
do
do
do
Phila.,Of.,233 8.4thBt.
8. Phlla., Fidelity I. T. Co.
J. Phlla., Penn. Ar. OBIoe.
J. N. Y., Gr'd Cent. Depot.
Baltimore, Co.'s Office.
3. N.Y., J. H. Davls,&Balt.
O. N. Y.,
Farm.
h.
A Tr. Co.
and branches— Camden
line
193*
Feb. 1, 193*
1,
1,
1,
J. Boston, Bost. A Alb.RR.
O. N. Y., Del. L. A W. RR.
do
do
O.
<Ie
May
July
July
July
J.
3. N. Y.,
Dae
Dividend.
N. N. Y., Central Trust Co,
do
A.
do
J. N. Y., Company's Ollice,
^Ie
4
&
6
A
&
5 K6
J. &
M. &
7
6to8 F. &
7
J. &
7
J. &
7 per an. J. &
7 per an. A. &
7
A. &
7
H. A
3Ja
M. A
6
J. A
7
A. A
6
H.
4d[5 F. A
7
J. A
6
M. A
See rem. If. &
M. A
6
6
J. A
4
J. A
1
6g. J. A
5g. A. A
F.
I'-
paI,Whi'n
Whom,
Payable
M.
$1,000 $22,(581,000
1,000
14,000,000
1,000
3,.500,000
1,000
26,500,000
1,000
(1)
1,000
11
11
139 j
1939
193»
1041
190B
190B
1908
1917
1917
Aug.
Jan.
1892
April, 1898
Oct. 15, 190O
Mch. 1. 1906
Mch. 1(5, 1892
Jan., 1896
Oct., 1899
Not. 1, 1909
1912 A 1030
Deo., 1898
May 1, 1913
Sept. 15, 189©
Sent. 1, 1910
July 1, 1910
Jan. 1, 2361
Mch. 1, 1892
July
Apr.
to
1,
19H
1,
1999-
Cape May,
Bridgcton, Riddlcton, Sea Isle, Ocean City, <fec., 187 miles; West Jerseys
& Atlantic Railroad, 40 miles total, 227 miles operated.
Sinking fund of $12,500 yearly for bonds of 1896 is Invested In company's bonds and bonds ot thePennsvlvauia system, and $756,100 were
anntun. See V. 54, p. 289.
which
so
held January 1, 1892. Stock authorized, $5,350,000. The special
Stocks and Bonds.— The capital stock is $52,000,000, of
$24,000,000 Is preferred, having a preference of 7 per cent per annum guaranteed stock is exchangeable for common stock till Dec. 31, 1892.
Dividends
since 1880— In 1881,4: from 1882 to 1884, iiiilusive, 3 an4
non-cumulative, and $28,000,000 is common par both, $100. Abstracts of the mortgages were published In the Chronicle, V. 49, pp. 3 scrip; from 1885 to 1887, inclusive. 6; in 1888, 6ia; in 1889, 7; In
270-273. The tlrst mortgage covers lines both east and west of the 1890.7; in 1891, March, 3>9 in scrip; September, 3>a cash; in 1892,
Mississippi, and enough bonds are retained to retire the prior liens on March, 3 12.
From Jan. 1 to March 31, 1892 (3 months), m-oss earnings were $280,roads west; but the second mortgage covers only lines east of the river,
as above, 1,012 miles. Of the debenture mortgage bonds $3,.')00,000 169, against $276,963 in 1891 net, $43,897, against $26,946.
The annual report for 1891 was published iii the Chronicle, V. 54,
are series A (preferred In respect to Interest payments only) and $26,500.000 scries B. The series "A" bonds received 6 per cent interest In p. (>42. Earnings, including those of leased lines, have been as follows:
1890 lu 1891, G; in January, 1892, 3 per cent.
1888.
1889.
1890.
1891.
The Detroit & Chicago Kxtenslon bonds cover the new line to be Gross earnings.
..$1,556,033 $1,526,169 $1,633,745 $1,658,090
built from Montpellcr, Ind., to a, Junction with the Cliicago & Western Total net Income
529,250
455,072
52.:,917
450,998
Indiana Railway at Hammond, near Chicago. The company agrees to Interest, rentals, Ac.
289,407
248,933
2:1,237
233,552
keep the earnings of this division separately, and having paid there- Dividends
(6I2) 138,082
(7) 148,217
(7) 148,217
(7) 150,640
from the interest on these bonds, to apply the surplus earnings in any
year up to an amoimt equal to 2
@FedFRASER