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;
nbest0rs ^upieifiit
OF THE
I
I
C
lj
ommercial & Financial Qhronicle.
I
*
ZsTo-v.
J
1888.
24,
VOLUME
XLVII.
I
i
N
ILLi \M
DAN
I:
\
*
<
<>
PUBLISH]
I
i
The
Investors' Supplement
January, March, May, July,
nished to
th*s
every subscriber of the
CHRONICLE
r
to
Aot at
issued once in two months,
on the last Saturday of
September and November, and one copy of each issue is furis
CHRONICLE.
irz.,
Extra copies are sold
to subscribers of
at 50 cents each, or to others than subscribers at $1 per copy.
'•,»!-*'• la Uie
jmt
I
*tt»
tr
Wu.u a m
U.
Oua a Co.. la Um office •( tkt Ut/tmrimo »t Cuocibm. WMklaffM.
i
—
.
JANNEY
&
CHRYSTIE
BANKERS,
Wall
6
Street,
NEW YORK.
Transact a general banking business.
Allow interest on daily balances.
Receive deposits subject to check at sight.
Deal in railroad bonds, and State, County and Municipal securities.
Make collection of drafts, note?, dividends and coupons throughout the United States and Canada.
Give special attention to consignments of bullion, and make
liberal
advances on same when desired.
VERMILYE &
&
16
18 Nassau
Street,
CO.
New
York.
LUTED AT THE NEW YORK, PHILADELPHIA AKD BOSTON
STOCK EXCHANGES BOUGHT AND SOLD ON COMMISSION.
DEPOSITS RECEIVED AND INTEREST ALLOWED ON BALANCES, SUBJECT TO
SECURITIES
ALL.
DRAFTS AT SIGHT.
GOVERNMENT, CITY
AND
EQUITABLE MORTGAGE
CAPITAL,
SALE
FOR
RAILROAD BONDS, AND OTHER CHOICE INVESTMENTS,
AND ON HAND FOR IMMEDIATE DELIVERY.
CO.
#2.000,000.
208 BROADWAY, NEW YORK.
Devonshire
BOSTON:
&
6% Farm Mortgages,
BOA D PEPA RTM EAT.
Bonds Bought and
6% Debenture Bonds,
PHILADELPHIA:
Cor. Fourth
Chestnut Streets
1
All
Tup
Mortizum* held in trust bv the
American Loan aud Trn-i ompnny of New York, miii
further ttecarrd by the capital and ns-fin
latter
Kecnved by
Tin-
INCLUDING-^
STATE. COUNTY. SCHOOL, CITY. WATER, RALLROAD
Equitable .MortKnge Company.
5% and «
Compunx
Sold.
First-class
Fir*t
(
of ihe
Street
7
1
AMI GOVERNMENT.
Certificates.
I"
lii—
(
ban
iMAuea it*. Certificates bearing 5 nud f> per cent,
according io the time they have to run, the period*
betas «, «», 12, 13, 18 and 24 Mont lis.
nud
sells all flrst-rluss Bonds, accepting, tor
any securities they may oiler. Bond, m lie prices
quoted on ibe KxchuiiKes of New York,
Philadelphia uud Itnslon.
nnipiin;
i
WE OFFER SUBJECT TO SALE THE FOLLOWING DESCRIBED BONDS :Amount
N
\MI. en
K utile
Bosd.
In-
Interest
Where Payable
debtedness. Payable
Offered.
Principal
Payable.
Toledo Belt Railway. First Mortgage
$42,000
$500,000 M. & 8. Central Tr. Co., .V. Y.
Fanners laian .t Trust
Cortland, N. Y. Water Works Co., First Mortgage.! 55,000 lsts ,
.
Population. O.'OU
CO., X. Y.
..
1 50.000 2ds
Phoenix, X. Y.. Water Co.. 1st Mori. Population,
Works cost over $56,000
OQ,
10,000 M. & x. Union Trust Co., x. v.
Kan.
Population, 35,000.
City of Leavenworth, Kan.
valuation. $6,471,88*
67,1117 .1. & .1. list Nat. Bank, N. Y.I
rand Rapids * Indiana RR. Consol'd M jrtgageJ
Listed at N. Y. Stock Exchange
New York.
M A 8
.„[.
!
Rate
'89 to
.Mar. 1,
1903.
5
To net5*4%
litoi
6
100>->
,
30,000
Hi,
too .000
i
|
(,)
<7)
l,
Nov.
July
1,
1,
1017 6
100
&
&
int.
6
02*s&int 5 hi
1017
&
.1.
740,09* A. &
<>
..
.
<
J
Sept. 1. 1921
Chiefly l»)
inaas Fiscal Agency yrs. tr.datc.
(1st Nat. Bank, X. Y. a fewsb'fr.
>
K
(I
'Mi
&
&
6
103
7
To net 6
int.
5=4
0»i
p.c
(i
int.
.
3d Nat, Bank, N. Y.
(Jet.
10, 1913
103>9
.kill!
Principal and Interest guaranteed by too Wheeling & Like Erie Railroad <V
mable after July 1st. l s89.
completed and accepted. Exclusive Franchise running 30 years.
The assessed valuation or Leavenworth is about one-third the actual valuation.
The <;. P.. & Ind. Railroad is Controlled and operate,! by the Pens. RR.
to build ami furnish School Houses.
Denom' nations $500 and fractious thereof when required, but not less than $100.
d to refund same amount of (is now falling due.
$270,000 Water Works Bonds included In debt; works woiili $400,000.
'.'I
Income
o.
Full ami detailed information concerning Population, Assessment and Indebtedness
Certificate of the county superintendent and County Clerk, forwarded on application.
*
CHARLES
J.
."i'i
int.]
i
School Iionds of various districts in the State of f
Kansas*..
.J
City of Fort Wayne, Ind.. Funding Bonds. Popula tion, 40.000.
A ssessed vabt'n. $10/705,000.
209.000
1,1
July
l
mm
l'ajs.
Price,
1,
Sep.
\.
W. GILBOUGH, Manager Bond
under signatures of the District Board, with the proDer
FOWLER,
Dept.
President.
.
.
itksto' Suratant
op THK
C
ommercial &
[latand according
VOL.
to act of
ruiimi
la the rear
1MB. by W«. B. Dasa * Co.. In
tt>«
offlM of the Librarian of Congreaa, Wanhlagton, D. C]
YORK, NOVEMBER
M-:\V
47.
[| hronicle.
F inancial
1888.
24,
INVESTORS' SUPPLEMENT.
LOW PRICED
.
BONDS.
The Investors' Supplement has
Saturday of eTery other
tU.. January. "March. Ma,?. July. September and HoTember.
> copy of aaoh
each teens
U furnished, without extra charge, to all
Imm _
regular euliecrlbera of the Cohmsbcial asi> Fikascial Chsosicix.
j of a&y laane are eold to subscribers at 50 cents each,
anil to persons' not subscribers at »1 each. No aubaorlpUona are taken
for the IxvcaTou' ScrngMKXT apart rrotn the CsraoaiOiJt Annus!
subscription price to the i'huivi'M. Including the brnaVroaaV
»ir..»T. ii »io :ci
the Catted States and »1 1 la m Kauope tbeae prloaa
oot oi piaitega
pabliebedon the
la
last
Nm»
m
WILLU.H
;
B. DANA * CO., Publisher*.
103 WUUmm Street, -Vca» Ttrk.
recent jeais published
together lor this purpose
several times within
of low-priced bonds, bringing
lists
all
the bonds selling on the
New
York Stock Exchange at or below certain arbitrary limits.
Toe last it*'.* in*t.t of this sort was given in the Investors'
SriTLEMENT of November, 1887. As a year has elaj aed
tiboe then, and many of our readers Gnd it convenient to
have his information fresh every now and then, we have
1
prepared for the present isiue of the Supplement another
RAILROAD MAPS IS THE SUPPLEMENT.
The
map* now published
railroad
include the following roads.
Mat.
Alabama Oreet Bouthern. See OactnnaU
Atchison Tupaka A r*ou Fe
A Ureal Weatern
ler A Pittsburg
in the
CeBtral KB.
*
..
.
A
tAOhlo
.
. . * * . * .
*:i
16 and 17
18
*
.
.
*
• * •
....... ttasteati
ee
Chicago
iHl .......................................
^..- . .wsew ^K OS.
nwMtrm
la. X'»rt
>rH. Paui
. .
Paof.
AT P
X. O.
OeorgU
Kenkliig Co. of
Cincinnati
i
.
Supplement
I
:
.
-
41
c»n hardly be expected tose:ure a gilt-edged bond, ought
55
fit
57
56
%,
61
«3
'."."
64
66
o7
-
"h.
69
71
7<
-
«
76
,
Marietta
A.North
N
«,.<.rgl»
10 for a 6 per cent issue, while
a pretty good sort of security.
„
si
h3
A Western
*Ohlo
••f*
ylUeChettsooogB A ft.
y-
Louis,
2~
Few Y..rk Aue. oehaana A WeaWra
see
LouUrUlc
A
Naebrllle
71
\%t
l
purchaser at that price ought to get a fair grade of obli-
And
gation.
the same
is
true of 90 as the limit for 4
per cent bonds.
The purpose
is
to
include bonds
interest regularly, but
we
1-7
Paeiflo
"llle.
»
WMchaaond A West
Tsaylaai
tf*yj»f
A Ugdina'Hirg
^Vall.
57
ss»"KTaA'aVliie'A"rerreHants';;;.';;:
•-••••
101
10.1
Point Terminal.
,„7
101 ,
oixAWeat.
03
marked wita an
many
asterisk (*) in the tables.
cases prices are higher than a year ago,
our previous
was prepared,
list
——em— —-^^TiiiTi
S?-*?
*t
e*o Aatwhto
A Araaviae P
-'
"^wwww
*—
ArhorA North Mich
Xkasuij
•KSJeElaV*
J
Westers".
^ffjShagJI-jgSji fa
fVast
Zanesnils
A Ohio
|
when
sjme few
Tue declines
there are
exceptioDs where tjere has been a decline.
occur chitfly in the case of roads situated in the North-
Tae defaults which have taken place
same sections, the
west or Southwest.
within the year are to be found in the
Mitsouri Kansas
Texas, with the International
it
linsriranu' ... .......a.... ...............
^»"aWABir f w *> | H«.
Northern, and the Minneapolis
Taere w
the important ones.
ver South Park
k
&
.s
Pacific bonds,
&
Groat
comprising
Sr. Louis,
all
default also on the Den-
November
1,
but this
la
••
a new matter.
Among the bonds which have advanced decidedly dur-
tiardly
ing the year those of roads on thu north Pacific Coast
114
sUnd
U„
11-
-mi
1*^. In
/
bu*.
}
11
ltuS.A^lS»*
''**
gjff'j*'*"*''
"y"****** *> Maa-ltoba
(•
which default
nas occurred during the year; these, however, are specially
.
T "*'
H<
only which pty their
retain a few on
.,«
AW Lnlon
a»»d
^^*^*aM»
i«f
4Uto
Erie
£fT*T.'
So, too,
5 per cents certainly sell above that figure, nevertheless a
.
'
it
the very best
;
-<J
La. e Shore
Herthern Pacific
<*•«•• Short Une.
fWUaajlraola
1
71)
,
«'•
-
command
yet to
In
Maxwell Lend (irui
";
M*»
Milwaukee
Thus
43
45
63
n iieVli Man ila
Jaoksuarille Ten pa A Key West
K i s Cltjr Wyandotte A Honhwrstern
<
high to admit quite a number of securities uf
with regard to 100 for a 5 per cent issue
fs irto s a rinii
Wsshrule
yTT^Sfeg,w
r *i shk!,l«
ff£llifc2 w £Ir^
°TJrmDl*
TtXa*
t^SSIuT*
>llle i?
St. Louie
A Texas
sufficiently
47
aSiaia^loS^f.^.^r*.'."'.'."'.'.'"'.'.""'.
* '"^
ubwh
and purpose of this compilation. Tae
bonds given have been selected entirely regardless of
clearly the object
the belter class.
134
40
g^ "«™*
gf^.
as a whole, or remark-
43
I
Dearer Texas A fort Worth
OulathBosia shore A Atlantic
Sset Taaaeeara Virginia A Oforgia
grsaavble A T. it* Hsu
OejTsr l1tr
m
list
well to explain again very
«lfc
3e
30
A Kaa-aa
Delaware Lackawanna A Western
f>lawair *llud..-i, raiiaJCo.'aUnea
r> n « er A Kio Grande
f^y^
it is
their merit or lack of merit, and the publishers of the
Chronicle
do not intend to approve or disapprove of any
ah
5
We have simply fixed a limit of price and
of tueui.
341
taken all bonds that come within that limit, whatever
SI
their character or standing.
The limit has b*en placed
A Chicago
Jecaeon A Mackinaw
New Orleans A Tex aa Pacific
I
character.
AwV
Cltr
IndUnspolla St. LooJa
1
same
Bafore commenting upon the
ing up.>n pa.ticular issues,
Atlanta
ja'annww.
exhibit of the
.,
in,
U3
123
iai
...ljfl
}22
Tnere has been wonderful developOregon and Washington Territory, and this is reHooted in the heavy increase in the earnings of all roads
ment
pre-eminent.
in
ruoning through or
Northern
Pacific
connecting with
having
recently
that section,
the
reported gains
in
gross earnings of between $400,000 and $500,000 per
INVESTORS' SUPPLEMENT.
A
month.
year ago the 2d mortgage bonds on the latter
day the bonds sell
the same com.
bonds
of
mortgage
The new 3d
at 110.
in January of
subscription
public
for
offered
pany wero
The market
interest.
accrued
and
year
at
87$
current
the
Oregon Trans Conprice now is slightly above par.
road were quoted at about 98 or 99
;
to
[Vol. XLVII.
mensurate with their intrinsic meri:s. These cover »
valuable property possessing large earning capacity. They
command now about
88.
The Nickel Plate 4s, which are
no more desirable, sell at about 92 while the
West Shore 4 per cents sell at 104. But the Reading 4s
have been on the market only a short time, and therefore
tinental bonds were quoted at 94 in November, 1887, but have not yet had an opportunity to establish their proper
have risen since then to above 102. Oregon Improvement or normal level. Then the whole of the nearly 30 millions
bonds have advanced even more than this that is, from was put out at one time, being issued to take up the old
about 96@97 to 107@108. Oregon Short Line firsts general mortgage 6s and 7s, and though all placed with the
have advanced from par to 110. All of these are 6 per public, many of the bonds doubtless found only a temcent bonds, and some of them will doubtless be considered porary abiding place, and have been gradually coming on
good purchases even at their present figures. As will be the market since then. Moreover, the Reading 4s are not
certainly
,
—
by our
seen
list,
the
Northern
direct bonds, has quite a
number
Pacific, besides its
of 6 per cent
own
branch line
a positive
prior liens
mortgage
first
—and hence
—
that
is,
there are outstanding
persons or corporations
who from
These branch-line bonds choice or by law are limited to strictly first mortgage
This shuts
are secured by mortgsges on tfce branches covered, with a issues can not invest in the Reading fours.
guarantee of interest and sinking funds by the Northern out a class of buyers whose purchases would have an
In this
Latterly some branch-line bonds have been put important effect upon the value of the bonds.
Pacific.
bonds
selling at or
below 105.
The Oregon Trans-Continental respect the West Shore 4s have the decided advantage, for
1st 6s mentioned above also cover Northern Pacific they possess not only a direct guarantee by a strong and
branches, only they are a collective issue embracing a responsible corporation, but also have a first lien on an
The Nickel Plate (New York
number of branches that is, the Oregon Trans Continental important piece of road.
bonds
of
Chicago
the
St.
Louis)
pledge
of
&
bonds
likewise are secured by a first
by
a
bonds,
secured
own
issued its
guarantees
Pacific
mortgage,
though
in
Northern
that
esse
there is no guarantee by
and
the
roads,
branch
the
interest acd sinking funds, the same as in the other cases. the Lake Shore.
We have referred above to the riss in the price of some
Quite a number of bonds of reorganized roads have
out at 5 per cent interest.
—
There are the of the Pacific roads bonds. There has also been a consid Ohio arable appreciation in the values of various Southern
Indiana & Western (Indiana Bloomington & Western), securities. Knoxville & Ohio 1st mortgage 6s sell at 103
The
the Western New York & Pennsylvania, Toledo Peoria & to day where the quotation a year ago was only 92.
Western, etc. These reorganized properties are on a bonds cover a small but very important branch of the
made
their
Reading
appearance within the year.
issues,
the Texas
&
Pacific
bonds, the
and East Tennessee, running north to a connection with the
into
the Louisville & Nashville and Kentucky Central, and thua
examine
it
merits of some of their securities. Some comment haa been furnishing an outlet to Cincinnati, which ensures a considmade upon the apparent inconsistency between the prices erable volume of traffic. Stockholders are about to vote
For instance, the on a lease of the Knoxville & Ohio to the East Tennessee,
of some of the new Reading issues.
The East Tennessee's own
1st preference fives, coming after the new general mort- with a guarantee of interest.
gage 4s, sell above them in the market, though interest bonds have also scored a considerable advance, the 1st
consol. 5s standing at 103, against 96@97 in November,
is dependent upon income and payable only if earned.
South Carolina 2d mortgage bonds command
But that is easily explained. The first fives bear one per 1887.
cent interest more per annum than the new general mort- about 78 now; twelve month.3 since the quotation was 60
gage bonds, and the public seem to think that the com. bid and 70 asked. Richmond & West Point Terminal
pany will be able to meet the interest on them, and thus collateral trust 63 are only a fraction below par, or 13
much
better and stronger financial basis than before,
will doubtless pay the investor
to
not be obliged to avail of the option not to pay.
Besides
preference bonds carry nearly 1$ years
accrued interest (7$ per cent), the first coupon, due Feb-
the
this,
ruary
first
1,
1889, covering that
preference incomes at 90,
at 76, the 3d incomes
On
The
at
63,
the other hand, bonds on roads west
— that
is,
in
of the Missis-
Texas and the Southwest
—have
in
a
After the number of cases declined. This would naturally be true
come the 2 J incomes selling of issues like the Kansas & Texas and International &
and then the stock selling Great Northern, already alluded to, where default has
difference in price between the stock
their character.
sippi
period of time.
and the
3d incomes is greater than it was a short time since, and
some persons argue that it ought to be greater still.
These who reason thus say that the probabilities are that
the 3d incomes will get 7$ per cent next February along
with the first and second incomes, and that hence the
bonds are selling on the basis of 56 net, or only eight
points above the price of the stock, on which there is no
But
likelihood of dividends for some time to come.
there is too much conjecture and hypothesis about this
species of argument to give it any practical value.
No
one but the company's managers know what will be done
next February, and perhaps they don't. So long as it is
uncertain whether the road can permanently and regularly earn the interest on the preference bonds the three
classes of incomes mutt be regarded as speculative in
at 48.
points higher than in 1887.
first
occurred
also
but aside from these there are others which are
;
lower
— from
sympathy or
The
other causes.
St.
&
Texas 1st mortgage 6s are down to
91@92, and have been lower still. The road has lately
passed into the control of Mr. Gould, but it runs through
a good section of country, has recently been reorganized
Louis Arkansas
and gauge changed from narrow (which was so long an
obstacle
and
to
a
$13,000
on
the
operation)
successful
its
bonds
the
mile,
are
at
and
an
In
the
property.
the
absolute
same
to
rate
first
section
standard,
of
only
mortgage
of
coun.
we find the Gulf Colorado & Santa Fe 2d mortgage
This is the Atchison Topeka
6s now quoted at about 91.
& Ssnte Fe line to Galveston, and was consolidated with
try
the Atchison only a
change of
stock.
little
over two years ago by an ex-
The bonds
mile, following a first
are at the rate of $8,000 a
mortgage of $12,000 per
mile,
mak-
There would seem to be more point to the contention ing $20,000 per mile altogether. In 1887 the Gulf Col*
that the general mortgage 4s do not sell on a basis com- orado & Santa Fe showed a small surplus above interest
INVESTORS'
SUPPLEMENT.
and other charge*. No figures of net ©arcings have been
famished for the current year, but the grots earnings
•how improvement. The Fort Worth & Denver 1st 6s,
now that the through line to Denver has been completed, sell at 92@93, or nearly 10 points better than in
1887.
It will be found from an examination of oar list that
there are quite a good many 6 per cent issues on which
interest is being regularly paid and which Bell between 90
and 100, and also 4 per cents as low as 70@75. In some
cases the bonds are not well known, in others there are
Toledo St.
special reasons for the low prices prevailing.
6 AND 7 FEB CENT BONDS AT OB BELOW
Hon.- Bands arc mil tU, uttpt thcte marked It.
Louis & Kansas City 6a sell at about 95. The road forms a
short and direct route be'ween Toledo and St. Louis, but
the gauge not yet having been changed all the way, the
company has not bad a chance to demonstrate its earniog
capacity.
The bonds have not been fully placed yet,
either.
Columbus Hocking Valley & Toledo bonds sell
at 78@79 for the consol. fives and 84@86 for the sizes.
The Tennessee Coal & Iron Company has one -issue of
quoted at 91@92, and another at 88. The company reports a large surplus above its requirements for
interest, but its income is derived from coal and mining
and not from railroad operations.
sizes
110.
Dkscbiitiox of Bond.
raMratl
IVri.al.
PricNv 20
Dncairno* or Bond.
Tou XLVII.
Interest
Bid.
A»k.
aont bent Piolflc of New Mexico, l«t. g.
Trnneaaee Coal A Iron— T.-nn. I)lv. lat, g...
Biruilncli .m 1)1 v.. Is', ran*., g
l-:>7 A.
Ill prei. t7l>.
ASM Itapnl- A
low. CUT A We-t.il,. l.t. *.< a>
Cedar Riptda l«.wa Falla A Nor., lat.g
•Oadar Falla a Minn. Ut. i7a)
1
i
Central l'arlnv. tuortcare of 1 •".«!.»
Cbeaaprakc Ohio A 8ou.tbweaL.lit. g
.•irtitare
I
..1011
.
>Ur, l.t
Ctil.-i.
*m.lal
co«i
i-....,,».i.,
colli., g.
nvrt»-a»i-
A
A
A
F A
A
"..
r
l'.;i.
J
1
<iaA Oi
3d
A
A
s..rt!..rn -
BiirlimriMii
Ill
.cen..g...l:
Colunil.u* 4
•
ll J.
I
CMaMkw a n
Mi
•Daw***
Isaaa
1"
n. !..*?
SraaaYlIleA
dr. g
A
A
A
T..1..1.1
1074
8.
mis
O.
in.;
J.
70
7H
Utah
CtaJ
Valler of
O.
D.
A
J
A
A
J
O. lilYl"
.
.
A
A
A. 106
D. 1024 1«)34
.- iitln rrt.
fan
-F.
-F.
laton.g
Ht.
..1921 M.
BOKD.
Interest
em. deb
A
<>F
Bid.
107
I'M..
I
Boaton
II.Mjiae
mat)
...i.
i...
g.
A
>1
Iowa
...
Fall*
A
Northern, g
07
B.
8.
05
l>.
1021
to ia
mi.
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.1017
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Brooklyn Marat**!. Int.
A
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80
H14
80
73
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:
STOCK AND BOND TA BLES.
MOTES.
These table* ate expressly Intended to be nsed In connection with the information concerning Investment matters published from week to
week In the Ciikonioi.e— to which an index Is furnished In the remarks on each page. Annual reports are In black-faced figures.
The following will give explanations of each of the columns of the tables below
M. for "mortgage;" s. f. for "sinking fund "
Dtstri plum. - Railroads leasee! are sometimes given under the lessee's name. Abbreviations used are
for "coupon but may be registered.;" o. A r. for " coupon and registered;" r.
1. gr. for "land grant;" r. for "registered?' c. for "coupon;" o.*
for "branch:" guar, for "guaranteed;" end. for "endorsed."
JkiU of Bond*.—The date of issue is referred to In tills column.
Milts of Road.— Opposite stocks, this means the miles of road oiwrated opposite bonds, the miles covered by the mortgage,
juc or Par Talur.— These figures are dollars, showing the denominations or par value. The figures "100, Ao„" signify $100 and larger.
Sale Per Cinl. The Interest per annum is given for bonds, but the per cent of last dividend for stocks g. means gold x, extra s. stock or scrip.
Faen Payable.—J. A J. stands for Jan. A July; F. A A., Feb. A Aug.; M. A 8., March A Sept.; A. A O., April A Oct.; M. A N., May A Nov.; J. A D.,
F., quarterly from Feb.; Q.— M., quarterly from March.
June A Dec.;
J., quarterly from January;
Monds.prinHjiat when nue ; Stocks, lust dividena.-The dato In tills column shows the period when the principal falls due of bonds, but the time
when the last dividend was paid on slocks
:
;
;
;
;
Q—
Q—
UNITED STATES BONDS.
DESCRIPTION.
4* of 1907, coup, and
izing
INTEREST.
Size or
Author-
Amount
par
Act.
outstanding.
value.
Nov.
Rate.
1, '88.
1870 A '71 $804*, $682,197,770
1870 A '71
50Ac. 197,302,000
July 1868
50Ac.
14,000,000
r
r J'y 62A'64 lOOOAc.
64,623,512
reg., Incl. refund, eertfs.
8 percent*. Navy Pension fuud
Currency 6s, issued to Pacific railroads
All the Government bonds except the currency sixes are redeemable
In coin, the sort of coin not being specified. The fours and four and a
aalfs are issued in bonds of $50, $100, $500 and $1,000, both coupon
and reelstered issues, and the registered bonds also in pieces or $5,000,
$1 0,000, $r0.f'00 and $50,000. The United States currency sixes are payable In " lawful money," all registered, Issued in pieces of $1 ,000. $5,000
!
I
j
|
Prlnolpal— When
When
Where payable and by
whom.
pay'ble
4, coin.
Q.-J.
4>a, coin. Q.-M.
J.
3, coin. J.
6
J.
J.
U.
S.
A
A
Treasury
do
do
A Sub Treas.
do
do
due.
July
1,
1907
Sept. 1. 1891
1895-6-7-8-9
U. 8. Treasury.
and mature as follows: $2,362,000 Jan.
$10,000,
16
1895; $640,000 Nov. 1, 1895; $3,680,OoO Jan. 1, 1896; $ 1,340,0 X>
1, 1896; $9,712,000 Jan. 1,1897, $29,904,952 Jan. 1. 1898, and
$14,004,560 Jan. 1, 1899. The interest on registered bonds is mailed
by check directly to the holders or to any address requested by the
and
Feb.
registeied holders.
STATE SECURITIES.
Subscriber* will confer a great favor by giving immediate notice of
DESCRIPTION.
Date of
Size or
Amount
Bonds.
par
Outstanding
<
Rate.
Value.
Alabama—Substitution bonds
(A) ($7,000,000).
Butstltut'n b'ds for RR. (B) ($596,000)
for Ala. A Chart. (C) ($1,000,000)
do
Funding 10 40s (tax-rec'ble 10-20 yrs.)
Arkansas— Bonds issued to State Bank
Bonds to Real Estate B'ks, letters "A" "C"
Funding bonds of 1869
Funding bonds of '70 (exclusive of Hotford's)
Sinking fund bonds reissued In 1888
A
Funding bonds 1870(Holford) )
> not recognized
Levee bonds (or warrants)
Bonds to railroads
J
California— Funded debt bonds, redeemable
Connecticut—Bonds (sink, fd.) not taxable. ..e*r
Bonds,
do
do
Bonds, coup, orreg
regis! e.rcd (redeemable at will)
Delaware— Refund'g bds., series " B" A "C"
Bonds, redeemable after June 1, 1895
Bonds
r
...
Bonds
School bonds, held by school fund
of Columbia— Perm't imp't, gold, coup
Permanent Improvement bonds, coupon
Bds for fund'g (Act June 10, '79) coup, or reg.
J>\si.
Fund, b'ds (U.S.guar.,ActsJune,'74AFeb.,'75)
Market stock, finkiug fund, not drawn .. cAr
1876
1876
1876
1880
1838
$100Ac.
100 Ac
100 Ac
1869
1870
1875
1870
1870
1870
1873
1883
1884
1885
1887
1881
1885
1887
1881
1872
1873
1879
1874
187?
1,000
1,000
1,000
1,000
00
458,000
412.000
904,550
100 Ac
1,986,773
5,350,000
2,638,000
500.000
1,000,000
1,740,000
1,0(0,000
215,000
120,000
Wat'rst'kbds.s.f. (*l5,000due July 1.1903). 1871 to '73
Wash. fund'g.g. ($604,100 M.AN., Nov., 1902)
1872
florida—State bonds
c
1871
Gold bonds
1873
o
Georgia— Quar. g. bds act of Sept. 15, 1870. CAr
1870
c&r
Bonds, act of Jan. 18, '72
1872
Bonds to fund coupons on endorsed bonds.c&r
1876
1877
Bonds provided for by 4 1* per cts. below, .c&r
cAr
Funding bonds, Act Dec. 23. '«4
1885
Refunding bds., $100,000 y 'rly '98 to '16 cAr
1888
r 1882 A '83
State University Bonds
Indiana—Temporary loans held by banks
1885 A '87
School fund bonds (non-negotiable)
1867 to *H7
ITon*a»—Bouds, $559.000 held in State fds..
1866 to '75
Kentucky— Bonds, gold
1884
Military bonds
1866
,
....
5
4
6
6
6
6
478.'
1,000
500 Ac.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 Ac.
100 Ac.
100 Ac
50 Ac.
50 Ac.
6
6
7
7
6g.
375,000
1,558,750
1,000
1,000
Alabama.—The "A" bonds bear 5 per cent after 1896. Ala.4 Chatt
endoised bonds were exchanged for $1,000,000 of the new bonds Class
In "80 the new 6 p. c't bonds were is tiled to retire old 8 p. c't "8tato
obligations." Analysis of the debt and funding of 1876 was given in the
CIIHUMCU, V. 24, p. 28. lot $2,000,000 of State 8 p. c't bonds issued to
Ala. A Chatt. hk. under act of Feb. 11, '70, the State gave lien on lands
granted to that RR. 500,000 to 1 ,200,000 acres. The 10-4 O's ot '80, due iu
1900, may be called at par alter '90. The assessed valuation of real estate
and personalty in '83 was$15i-.518,157; In '85. $172,5*8,933- tax rate,
$0per$l,000; in '87, $214.925,869— tax rate,$550; In '88, tax rate, $5.
A rkanaaa.-Total tmdlsp uted debt Oct '88, was, principal. $2 029 100; Inter, st overdue. $2,832,915; ti till, $4,802,015. Tlie State Supreme
Court decided l^vee bonus ol '69 and '7o invalid; nor are the Holf Old or
the Railroad Aid bonds reco:,' a lzed by the State. In Jan., 's3, a decision
was made by the U.S. Circuit Court, substantially holulng the RR Cos
resiK>nsible for the State bonds issued to them, but this was reversed and
the case appealed to U. 8. Supreme Court. The State has been in default
on interest payments since '41, I ut under act of '87 oveidue coupons
we made exchangeable for certificates of Indebtedness, which are receivable for certain accounts and dues. The following are oflioial assessments and tax rate per $l,oo0
Real Estate.
Personal. Tax Rate.
,,
'384
.
$81,649,415
$50,403,812
$7
l««3
*4
62.273.0u5
52133 530
7
10,760,142
57,499,512
5
C.
,
J.
J.
J.
J.
J.
J.
J.
A.
I.
J.
J.
3
3»a
A.
M.
4
4
J.
6
j*
5
3-65
7
7
307,500
542,000
2,141,000
3,392,000
1,900,000
254,000
2,025,000
3,904,783
815.000
500,000
174,000
100 Ac.
J.
3»a
3»s
272.100
774,700
2,098,000
1,000
500 Ac.
1,000
1,000
1,000
1,000
J.
J.
A J.
A J.
A J,
A J.
A J,
A J,
A J,
A J.
A J
J.
A" J
A
A
A
A
A
A
A
A
O
J
J
J
O
N
J
D
3
1-14,900
1,000
INTEREST.
Where Payable and by
Payable
Whom.
When
6
230,000
156,750
3,031,600
515.600
920,400
14,033,600
100 Ac.
100
100 Ac.
,
4
$0,747,900
539,000
953,000
954,000
108,000
573,000
any error discovered In these Tables.
7
7
6
4>s
4>a
7
3
A3»»
6
7
4
6
8
e<1
-^Vot 44
Am. Exch. Nat.Bk.
do
do
do
do
Montgomery.
$302,400
N. Y.,
1
.
J
1,584,210
469,890
446,550
29.865
Repudiated.
Repudiated.
Repudiated.
Sacramento. Treasury.
Hartford, Treasury.
,
do
do
do
do
do
do
Phila., Phila. Nat. Bank.
do
do
do
do
MV
44Yp.42i-.)
,
J§84
$05-1,990,072
\Hl
6nJ.50,568
JffS
}*ȣ
lfe&8
688.311.102
7-9,9t<0.b01
Tax
Rate.
171,201282
$452
544
151,937,132
105,4 75.2*8
172,672,722
608
504
$166,614,631
6'60
934,433,605
Connecticut.— The debt of Connecticut was all created originally tor
war purposes. Assessed valuation and tax rate per $1,000 have been
Real Est. A Personal.
•.<,!?""•
Tax Kate.
1*22
$349,177,597
$200
1886
349,7*5,773
125
:
1890
1905
1900
1900
1899 A 1900
1893-94
Jan., 1903
Jan.
1,
Oot. 1,
May
1,
1903
1910
1897
A
Julyl, '91
June
June
1,
1,
1,
1906
1905
1907
1906
1891
1891
1899
J.
J.
A
A
Wash, or N. Y., U.
do
do
do
do
do
do
New York
J.
D.
Treas.
8.
do
do
do
do
do
do
City.
1905
1896
Frankfort, Ky.
V
to atK>Ut 70 peP 0ent of tne true Talue
808* V° 47 ' ^ia***'
Delaware.- Of theissueof '81, series "B" were redeem able July
-
'86
and sen es "C" redeen able July, '91, to 1901. In addition to above
is dueDela. College. NoState taxis levied, nor
asses.m'Ys made
District ol Columbia.- Interest and sink'g fund on the 3-65 bonds
are provided lor bj Long] ess; (he amount if limited t< $15,000,000
Real
and personal estaie. Ac. assessed as follows '85, real estate. $93 491
.
891; personal, $12,715,686; tax rate. $15; in '87. real estate, $112300000; personal, $12,000,000; tax. $15 per $1,000; In Vsieal estate
$111,744,830; personal, $10,943,458; tax rate,$15and$10onl" nV land
Florida.—The sinking funds Feb., '88, held $228,200 bonds. Of
bonds, school, Ac, funds held $633,500, leaving outstanding $411above
300
Coupons of all bonds an- receivable tor taxes. Real and neisonai orm'ertv
assessed in '83, $>5,008,560, tax rate $4 per $1,000; in '84 *60
042 Oft V
tax rate $4. Assessment in 's6, $76 ,6 1 1 ,409; tax rate $4
In -87 rtk
to'91;
$83,000
:
estate. $66,908,163; personalty, $19,857,499; tax rate $4-50
Georgia.—Total debt
per $1,000
Dec. 31, '87, $8,734,500.
After '87 State navs
oft $100,000 annually
The constitutional amendment fu 1877 declarld
voio several Issues of bonds and railroad endorsements. The 4t<i
bonds of 1888 were sold to take up other bonds maturing 111 Jam, v. c
Tax rate in 1887 $3-77 per $1,000. Assessed valuations have been:'o9
8
Personalty.
Railroads.
iBs!
in5i3$¥2i
1884
$174,452,761
8120,432.609
*'2'2is^0nt
,9 4
*23.«0o:894
"
a, ~7 Tne 8
e nolds ln t™ 8t for School and University hinds
.
JP
?l,1?Irn !bonds
„
$2,364,000
of VS
1873,
leaving only $334,000 In private hands, J!»
assessed valuations and rate of tax per $1,000 hav e been
Real Estate.
•<££*"•
Personal.
July 1, 1906
July 1, 1906
July 1. 1906
Jan. 1, 1900
1860
1860
1899
July
July 1,
July 1,
July 1,
Aug. 1, 1924
July 26, 1892
Oct. 1, 1901 A '03
Julyl, 1892 A1902
N. Y. ,Park Bk. A Tallahassee
Jau. 1, 1901
do
do
Jan. 1, 1903
N. Y., Fourth National Bk.
Oct. 1, 1890
do
do
Jan. 1, 1892
do
do
July 1, 1896
do
do
Jan. 1, 1889
New York A Atlanta.
July 1, 1915
do
do
Jan.. '98. to 1916
Various
do
do
1932-33-34-35.
N. Y., Winslow, L. A Co.
April 1, '90 A '95
Various
do
do
J. A J.
N. Y., First Nat Bank. July 1. i.889 to '99
A J
A J,
A J.
F. A A.
J. A J.
J. A J.
J. A J.
Jan. 1
J. A J.
Q.-J.
J. A J
J. A J
J. * J
J. A J
J. A J.'
J.
J.
J.
1-
.
Principal—When
Due.
:
fiSraS
188 9 12^7
195;bl6 435
''
-fe' is;££i}r
,ndl n
r
,?, ?*T^?'' ,§.
132:24^896
f^o!;!!?
are a,'?°. ""Standing $340,000
per cent, bonds
by I'uidue University; $144,000 State5University
bnn!i«
Held by Treasurer, and about $ 8,00b mi well"
H or b ,ndl
n tor ? 8<i *:«3.526,079 Valuation o 1887."suf
$?94.6
6
597
.
oo
tax rate, $l-22o: poll tux, $000. Total debt Oct. 31° 1^87,
$£l3o;608
a n»as.-Kansas has hut a small 8tat<i debt, but the Issue of
man iclpal
bonds was f'tlmatedat about $26,000,000 Jan. I, '88.
PoptUa ioliin '§4
1,135,6.4; in 87, 1,500,000. Valuations mof tnte value, nave
been:
Ke iV',';r Pr " 1 '' a*l'< r$l. 000. Tot, Debt.
flSt*^
10
$830,500
Jl*£
•aaniiliS
lssi'
353,248,333
4 10
815,000
,
due
li-oi, held
im™
1
1
'
'
,
r
K
,
J
.-,
'-
,
^
;
:
.
•
,
:
;
STATE SECUKITIES.
NovxjfBZB, 1888.]
luimrltxr. will rouler a great favor by glrlns Immediate notice of any error discovered In then Table*.
DESCRIPTION.
Date of
si m
INTEREST.
Amount
outstanding
For explanation see note* on flrT
1^-,-e
Eastern Shore Railroad
Baltimore A Susquehanna Railroad.
Bal timore* Susquehanna Railroad
st Elkrtd,re Railroad
redemption loan
I
1853
1870
tag
1857
!
l->70
1871
um
1*74
$500
843.115
6
1,000
1.000
1.000
1.00O
1.000
1.000
1,000
100 Ac.
ItiJ.OOO
6
lr80
1H*0
.100 Ac.
IBM
hmTa*
i ->•..•
100 Ac.
1838
c
c
e
1 -vi'.i
c
IBM
Car
Loan, sterling
Troy A U. RR.*'.Bi:
do
hoine- 6216.500 due Apr..Dl c'ada
do
starl'g..o*ar
Dp
1^7*
500 Ac.
*lO0A«
8300
8300 Ac
to'tU 500 Ac
Dm
1869
UMBW
l-.'.l
AMOAc
ls71
Hew
187.1 '70
c-
car
State Prisons, sterling
Jf^SMa-War Bounty Bonds
Mta assot a Adjustment bonds. (10-90. red. *V3i
Ml—» art— University and T<inarte Asy I'm bds c
Penitentiary lu.lemeity
State Bank stork refunding
Bowls to Cairo A Pulton Railroad
Bon ds to Piatt* County Railroad. ..
Mountain Railroad.
'
of Missouri
...e
...e
...e
...a
...c
«
A
5-20 years
St.
Joseph Railroad, renewal
...e
'tOrojJka- Bonds (act Feb. 14, 1*77)
sTtv HsMsawMrs— War loan, coupon bands,
Municipal war loan
Loan of 187* for refunding
Prison loan, * 1 4,000 pay able yearly
•w Jersey- War loan bonds, tax free
m
'
Under Art. 7,8ee
Canal debt,)
3, of
Cou-
rag. stork.:i.
Jllagare Park
bds. (held tn trust funds)
I
QnalT]
<*.-^J.
6
A.
3-65 J.
6
J.
J.
8
M.
A
A
A
A
O.
J.
J.
J
AN.
Sg. M. AN.
5g. J. A J
Vailmu
1.00.1,419
2,450.042
5
1366300
I
3318.242
1308.182
5g.
300.000
»«••
Various
J.
A
A
A
A
1300,000
370.000
300.000
J.
J
J
J
«*»•
•
1
A
c.
3.618.729
300.000
5 g
1,000
1300.000
1,100300
A
A
5*
5*
B500
1399355
2.0.OOO
1874
1.000
1.000
1.000
1.000
1.000
1.000
1.000
l.OOO
IBM
1300
LOOO
1871
100 Ac.
1879
/MX)
1,000
1883
1884
1875
1873
1874
15-5
A
A
M. A 8
Various
J. A J.
L.
4,022,649
1.000
1.000
1.000
AW
wh..••in.
A.
3
6
4379300
1 -7.'.
l-7!l
do
rar*—
AW
8
8
<7,4
1.386.444
1,762.000
2,197.000
1880
1881
1872
1-17 to 'V.
1850 to 'SO
1854 to '50
1853 to -M
1874
1886
1874
1-77
Wasat partable and by
Payable
A O
A J
A J.
8
A J.
A D.
6
A
6
A J.
I*g J.
J. A J.
l
Q.-J.
AO.
5
3,500,000
875.000
11.784400
5*-
3365.000
185.000
80.000
346.000
80300
•60300
Amount* not
48.000
70.000
2,500,000
875.000
Jer report of
N. O.
A
July, 1893
1872 to 1908
Jan. 1, 1890
399
1897
July 1, 1910
April, 1911
fundable,
1
an. 1, 1888.
,
A Co
1914
1914
1886
June 1.1889
Oct. 1, 1889
Jan. 1. 1889
do
do
Jan. 1, 1889
Bait., Parm. A Merch. Bk.
1890
do
do
April , 1890
do
do
1390
do
do
Jan. 1. 1890
do
do
April 1, 1896
do
Jan. 1, 1899
do
do
Jan. 1, 1893
do
do
do
1900 A 1901
Boston, Treasury.
May 1, 1894
London, Baring Bros.
May 1, 1894
do
July 1. 1889
do
July, 1889 to •£•
do
do
Boston. Treasury.
April, 1891 A 3
July 1, 1891
London, Baring Bros.
Jan. 1. 1895
do
do
J..ly I, 1894
Boston, Treasury
do
do
Juiy 1. 1895
do
do
Sept 1, 1897
do
April 1, 1890
do
London, Baring Bros.
Jan. 1, 1900
Boston. thwsVf.
Sept. 1, 1898
N.Y., Wins.. L,
do
Jan."]',
do
Jan.
1 ,
Last pall Jan., 1885.
Ang. A Boston. Suffolk B'k.
Augusta and Boston.
Loudon, Baring Bros,
1
>
A
6
•
A
3>«
A
6
8
150300
3306.100
6
6
7OS300
5
5
6
6
693.400
473.000
1374 100
2«
2"
6 g.
LMB300
700,000
3>a
A
MAAA O.Jf
A.
A
A
A
A
A
A
A
A
do
do
do
do
do
do
do
do
do
do
do
do
do
dO
A
A
A
143.000
143.000
•17.000
7,000,000
659.000
449.267
1.000
J.
11.000
?15.000
.
•
6
I
loo Ac
100 Ac
100 Ac
100 Ac
100 Ac
J
due
Boston. Treasury.
Various
Jan.l.'94-Bepl,-9T
Various
do
do
M'r 1 OS-Be- 1/M
l>>ndoii.
Br..*.
Baxtna
A
On Jan. 1, 1895
?"• J. A J
May 1, 1890
A N N. Y„ Am. Exchange Bank
1911
A J N. Y. City. Plrst Nat. Bk.
4>a
N. Y., Bank of Conuneroc
July 1, 189S
6
A
A
do
do
April 1, 1898
6
e
.
Hannibal
8
1398,839
sterl'g.. cardo
1875
B500
do
do
d'rb'dsc'ar 187310*74
1.000
do
187.1
do
do c'ar
MMW
do
do
do
e"*)x
1877
10,000
Southern Vermont Railroad Loan
e*ar
1880
5,000
Boston Hartford A Erie Railroad. sterl'g..c**r 1868 to '69
B900
Harbor Land I m pro Tranent (5-30s>
c'ar 1874 A -70
l.oun
Denver* Lun.Hoa. (v9O0.< 00dae*94)... e*«r 1874 A 77
1.000
Lunatic Hospital. Worcester
6
7O300
989
309.485
31.069
269.000
398,435
62.605
3,000,000
500,000
e
e**r
c**r
7-30
•60,000
48,000
Principal— When
When
J.
J
VarioiiJ.
J
8
1,7...
11.17
r
MMMO
IMS
ivi1838-47
c
/ reliefloen. 10-15 yearn.
Exchange loan of 1 890
afti i—r s metis— Bounty Pond Loan
do
do sterling
War
Value.
of table*
ton irioao— Relief of Stat* Treasury and nuaoeL
Bond* tn aid of various railroad*
Honda to Boeuf * Crocodile Navigation Co.
do to Mississippi * Mexican Oulf Canal
do school, held bv 8t. Treasurer
do toK. Orlean*,Moblle A Chat
do to N. Orleans. Mobile A Texas Ri:
IT. O. Mob. A Texas SB. bonds, end. by Slate
Consolidated funded bond* (stamped* per ct.)
do
Constitutional bonds of 1880
"Baby" bond* and coupons
Mai n* Bounty loan bonds
car
Municipal war debt assumed
car
MmyUmi— Baltimore A Ohio Ballr'd. sterling o
Chesap ea k e * Ohio Canal, sterling
e
Railroads and canals
e
Bate
J.
J.
J.
<>
J.
l-<>
A Con
do
do
do
do
-98
1906-7-d
1894-5-6
April 1, 1897
Sepl. 1, 1889
Jan., *92 to 1906
July 1, 1889-'98
<!'.
Bk. Cuww'lth
A
July, 1894
do
do
It
Jersey City and Trenton,
Jan., 188910*91
Jan., 1889 to *9«
do
do
Manhattan Co. Bank
do
do
do
do
Jsn..-»7 tol90S
O. N. Y.,
J.
IBM to'yo
IBM
Konntte Bros.
N. Y.,
J
1, 1894
1889
April
Btate Comptroller's OIB.
Oct..
July
1,1*93
1891
1,
1892
•100,000 yearly
Oct.
c
1,
na]
Personal
Total
Sinking
slack y.— AAiast the bond* a* abore the
in i.i.
•..Sept.. '8X Valuation In 1*84. 6J77.8<8..14'2. la 1485. persons I.
Property.
To
Punda.
JW33II.010- rsel estate. »2w3380.O«4: total raloatlon. «3IK».«3:,i»H:.
•3I.42.t.'.80 •17.731.723
18B4.
• 1.218.4.12,712 In 1 5*0. personal. aas.6A4.572; real estate. 6J93.304.JiO; In 1887.
1.2S7.O03.899 827.043.710
31.423.080 18.182.873
personal, •133339. 408; real estate, •351.5193J2.
31,429,680 18.964.413
1.340.493.673 839..
31.429.680 25,151.517
1.4O7.660.0J6 901,805,934
LsaUlsns. J an. 1. 1888. total adjuated bonded debt was *i
.i.icludlngbsby leo.il>. it .. 62.707.123; ol.l bonis
O.io. floitlngde
Tllehlcan.-Thedebtis oracUeaUy e»Ungul*bed,a*the *lnklng fund
las sufficient assets to pay the bund*.
fundable st ft » per cent, r'4.115: old bonds not In
The constitutions! oonTentkin of 1879 respecting toe State debt pas*>d
Minnesota. M uuaan*a raxaawa f..r aasat [ATbwB H N ,•'.!/..• lli«
an nr.llii.are prundlng that Interest on the aonsolldsted bond* "Btate Railroad Bond*" of 1858, to the amount of •3.275.000. but a
should i.s paid at the rate of 2 p. c.l.rS years from Jan. 1. I lio. 3 per compromise with tn* holders In 1881 wan carried out by the Issue of
peot for to* eeeulag 15 years and 4 per cent tAerealter, *l«o, that botd- the 4 >s per cent bonds. Sinking fund aaseU Jan
v
thelr bonds at 75 oeau on the dollar for new bonds •1375,000. Taxable valuations and State tax pe.- 61.000 have beoa;
j might
bearlna- 4 pee oral interest (to* sO-cal:ed const.
State
•217.«ou of these new hotd. were lssue-1. In I4Slaaamendmenl to the Years.
FXate.
Tax Rat*.
orcli.ai.ee was rattled, flxlng the Interest on the oonaola at 2 per cent
•80.298379
•307.859.774
• 1-36
1884
1*»
•0300.000
310.781.118
1885
I 10
«>0.000
83300,000
1896
a laAVMO
1-J0
391,723, 360
1887
1885. and sines
Tf Issourl. -Total Btate debt Jan. 1, 1888, was 613.632.0 Ki, InoludlBg
ntloaai and eeoseUdaisd hoods, both being called conaoU. The baby
•3.I158.0OO.
of
lndrbtedt.e<a,
school fund and University carttucate*
bonds were Issued to fund certain obligation* of charitable in.titu tioo
tax rate Is 61 per 81.0OO. %i being for latereat and sinking fund
A suit by the Btate of New Hampshire against Louisiana, a* assignee of The
auuds
All surplus revenue goes to •lukuu fun.
her head*, was dacldsd la faror of Louisiana by the U. 8. Supreme Court. Udt. forrereiiue.
lu '88 w, re funded In 5-20year bomU or pel fru.n-inklrik; fun.L
malum.,
Ii«7
aaseesrd
was:
In
valuation
Country parishes, M6339301;
this
state.
prop
tn
The following I* a statement of the asaesaed1 property
parish of New <»rle..n>. #l'J'.0j(J,250; total. Ml
-
,
i
„
•
M
'
I
I
nalnc-Thedebt January 1. 1888. was 6335930a Market ralue
•V bonds in the sinking fund, 61,184363. During 1987, la nocordanee
with a aew Us, all Slate of Maine bonde la the sinking fund were can
•ailed.
Tax rat* for 18*6-6, 63-75 on Tasaattoa at leST, 6»»5,60.',0O0
tn 1886-7 and 1887-8. 63-76 on same valuation.
•Maryland.
>tel funded debt Sept. 30, 1887, •10.96O.53'>
sink
lag fund aasels, 62,1 44.20.1. The Stale haa largely assisted canals ami
;
I
railroads, sad koids 65.' 34 310 of stork* and bond* ranked as pi uduwt- State also hold* M8.2M8,7'11 tn unproductive securities, which
•safaris* M5374.713 en account of Owsapeake
Ohio Canal.
The
"Defense Loan" la secured by a special tat of 5>i cent* yearly.
Aamaaed ralaatten. ate., bar* been:
A
Yean
Baal A Personal.
•473.152,144
1885
IBM
MB7
-iV
.11
485.839,772
Tax per
61 .000.
»1h7*s
187>i
13. p. 217.)
Msustkawlli. 1 he funded debt. J»n. 1. 1888, was Ml.429,680;
i-osac tunnel and eon naet l on*, wnlch
atektag futwl
the Btate aenrUr, wen «••!
lu H-7 to Fuel.
arc allowed to Incur perman en t debt to the amount of -l * per
thts
•ant of srerage raluaiioa of the three pr«<e.llng yean.
mm
BUM
I
IBM.
•.152.045.006
•518.803.118
S510.771.078
Real estate
7 1.007
183.070.408
Personal property .... 181.133.128
46.414.836
51.3 71,163
Railroad property. Ac.
•7513*7313
•7803*1. Ida
Total
8746,3 81.OS 1
Nebmaka.-The State ach.n.l fund hold* •326.367. Assessed valnlion of real estate, personal, railroad, Ac (33 nj per oent of true value.
and lax rat* per 61,000, have boon
Tax Rale.
Valuation.
Years.
68l2>«
•160.508,266
1887
175,815,355
1888
If ampshlre.— The debtor New Hampshire was created for war
purposes. The Municipal loan of 1872 was Issued to cities and towns.
T-.t il valuation In 1883
10 be applied to their war debt*.
-in -i7. 8241.843.617; tax rate
In 1881, »
« purpose* nearly *l-66ou 61,000 of valuation; uver.ige tax
rate lor all purposes. 613-80.
Jer*ey.-The debt w*» created for war purpose*. Valuation
of real and personal property Caxaldei was #.18>>. 17..KKI In 1887.
-- 1 6548.495.009 In 1883.
o«5,fto0.687 In I8865 6554.8 2 8.1 i it.
state school tax for 1887, 62 48 per 61,000.
York.— Niagara loon binds are held by BtaUi In It* tnn
;
New
1
;
New
•
1
New
1
.
:. .
:
:
SUPPLEMENT.
INVESTORS'
Subscribers will confer a great favor by giving Immediate notice
Date
DESCRIPTION.
of
Size or
Amount
par
outstanding
Bonds.
Value.
For explanation see notes on Unit page of tables
Berth Carolina— Fund, b'ds (coups.tax-rec'ble).
81d IhihiIk fundable Into 4 \» T e->t«
o. Car.RK connruct.bds. fund. Into new Cs.
1880
Refunding N. C. RR. bonds (tax recclv. cps.)
not I
KR.hds. (taint. andW.AT.)
)
y recog-<
Penitentiary bonds
) nfztd. (
Special bi bonds (in :) classes)
Ohio— New 3% loan (*25O,O0O y'rly after 1889)
i'879
<
renniylTUvia—lteg. bonds, tax fr. (red'blc '92)
Reg. bonds, tax fr.. due 1904, red after 1894
r
Loan of 1S82 ($1,754,000 are 3>«8)
do(ln lOBcr ($36O,000are i WIue'88-'89)
Agricultural College land scrip
)
i"868
1877
1879
1882
1882
1872
is 63
1864
1853 to '61
1866
1854
1874
1888
1874
c*
Rhode Itlatut— War bonds
o'
War bonds
Borilh Carolina—State House bonds. )
S fundable
Various old bunds and stock
Blue Ridge Railroad l>oiids
)
Consol. bonds andstoek (Rre remarks below).
Refunding bonds and stock
Tcnnutee—Pund bonds, act of 1873 (red atlOO)
Various.
Bonds registered, act of 1873
Held by E. T. Univer itv tuot to be funded)..
1882
Compromise bonds (act of 1882) red. at 100..
1883
Settlement bonds (act of 1883), red. at 100...
1883
do
do
red. at 100...
1872
Xtero«— Funding State debt 'act May 2, 1871)...
$50
500
$3,096,5=6
2,014,300
202,000
2,593,000
1,180,000
44.000
1 1 306,000
3.040,000
5,233,500
1,818,400
6,861.100
999,600
500,000
609,000
732,000
152,463
249,086
51,000
6,002,140
Ae.
Ac,
1,000
1.000
1,000
1.000
1,000
100
100
50
50
.
Ac.
Ac
Ac,
Ac.
i'6'oo
1,000
1,000
50 Ac,
1.000
500 Ac
500 Ac,
400,000
1,000
1,000
1,000
|
1,: 00,000
12,755,400
1,3-14,800
65,200
499.000
467,000
288,000
1,647,000
1,068,900
200,000
.
sterling, fundinir rate 69 p. c
Consol. (act Mar. '71), funding rate 53 p. o .c
do
do
do
do
do
do
69
do
(act '72) " Pealcr,'" fund, rate
do
"Pealer,"
Deferred eerti licates (W. Va.)
1C-40S, act
-
r
18" 1
p. c.c
1872
1*72
1871
1879
1879
1882
%
March
do
do
"Kiddleb'r"b
1851
1871
r
cAr
28, '79,lund. rate 60
sterling, fund, rate 60%
d8, 18-508, acts '82, A '84. .cat
2,000,000
397.000
500 Ac
100 Ac,
100 Ac,
1,000
1871
Frontier dcf*se, gold, aet Aug.5,'70(red'ble 91)
1,000
Revenue deficiency lumds, act Dec. 2, 1871
1872
1,000
Bonds, act Mar., 1874 (for paying fioat'g debt)
1874
1,000
1876
Redemption of debt, act Aug. 6, '70
100 Ac,
Bonds, act April 21,1879
1879
,
1885
Bonds, act ot 1885
Tiroinia— Old bonds, funding rate 69 p. o
1851 to '66 500 Ac.
Old bonds
.
*100Ac
100 Ac.
100 Ac.
100 Ac.
Various
100*0.
1,587.922
476,061
12.992.400
1,199,614
295,700
524,800
12.961,530
6,015,300
254,400
7,771,281
ofanr error discovered
Rate.
4
6
6
6
6
6
6
3
5
[Vol. ax,vii.
In these Tables.
INTEREST.
When
Whero Pnyal^e and by
Payable
Whom.
A J. N. Y., Nat. Bk. of Republic.
Various Cps. since Jul} '68 unpaid.
Various Raleigh, State Treasury.
J.
-
A. A O.
A.AO.
A. A O
J. A J.
F. A A.
F. A A.
F. A A.
F. A A.
N. Y. Nat.
Bk
of Republic.
Cps. since July '68 unpaid.
Coup, of Jan.'69Astnceunp.
Cps. A AO'69 JtAp'70 imp.
N. Y., Nat Bk. of Republic
Principal—
jinal- When
due.
July 1, 1910
1868 to '98
1884 to '85
1, 1919
1868 to '98
Oct., 1898
1898 to '99
April
July 1, '89 to (1)
•92toFeb.l,1902
'94 to Aug.1.1904
ll's.Vl
Feb. 1. 1912
3ia A 4
Aug. 1, '89 to '92
6
Harrisburg, Treasury.
Feb. 1, 1922
6
J. A" J. Providence, R.I.H. A T. Co.
July 1, 1893
6
F A A
do
do
Aug. 1, 1894
6
I.
A J Columbia, State Treasury
1877 to '89
6g. Various
do
do
1*87 to 1897
A J
do
do
,1'ly 1,1875 to '79
1 J.
J. A J. N. Y., Nat. P. Bk. A Colum.
I
July 1, 1893
J. A S.
July, 1928
41s
6
J. A J.
July 1, 1914
(
5A6 J. A J.
)
1892, '98, 1900
6
I.
A J. Nashville, Treasurer.
Various.
Nashville.
3, 4, 5, 6 J. A J.
Jan. 1, 1912
3
J. A J.
do
July 1, 1913
5 A 6 J. A J.
do
July 1,1913
6
Various
State Treasury.
1891
7g. M. A 8, New York, Bank of N. Y.
1911
1892
7g. J. A J.
do
do
do
March 1, 1901
7g. J. A J.
do
J. A J. New York A State Treasury,
July 1, 1906
I*' J. A D.
do
July 1, 1909
do.
6
July,
State Treasury.
1890
6
.1.
A J.
1886 to '95
5
J. A J
1886
6
J. A J
Coupons tax receivable.
1905
6
J. A J.
do
do
1905
6
J. A J Cjups. not tax receivable
J, St, J.
6
do
do
6
J. A J
Contingent
3 to 5 J. A J Coupons tax reseivnble.
1919
3to5 J. A J.
1919
do
do
3
J. A J.
Richmond, Treasury.
July 1, 1932
4
A Mech
Farm.
do
do
do
Phila.,
B'k.
do
do
do
I
funds.
The sinking funds October, 183 7, amountedto $3,9
i2, 129.
The
new t'apltol building has cost the State tnus far $17,914,875, paid
for by taxation. Valuations and State tax rate par $1,000 in 1887 and
for four years previous wore
State tax.
Real estate.
Personal.
1887
1888
$3,025,229,788
3,122,588,084
$2-70
$335,898,389
346,611.861
North Carolina.—Total adjusted debt Jan. 1, 1888, was $5,110,886. The funding law of March 4, 1879, provided for the issue of 4
per cent bonds due In 1910 to fund old aute-war bonds at 40 per cent of
face value; " New" railroad bonus recognized as valid at 25 per cent,
and bonds of 1866 and 1868 at 15 per cent; nothing being given for
overdue coupous. Coupons of the new bonds are receivable for taxes.
The. term for funding ended, but has been continued till March, 1889.
If all bonds provided for by this act were funded, the new 4 per cents
ture of 1833 repealed this law and passed a new one adjusting the debt
on the basis of new bonds at 50 per cent of the face value of old, and
bearing 3 per cent interest; the old'State debt proper of $2,118,000 was
made an exception, and new 5 and 6 per cent bonds were issued for that
at the face value. Thi compromise bonds of 1832. being 3, 4, 5 and 6
per cents, are fundable into the new settlement 3s, at five sixths of
the face and interest, up to and inclusive of July, 1833. coupons— thus
$1,000 compromise bondsreceive$858'331n new 3s, and interest sinoe
July. 1883, pail in cash. All the settlement bonds are redeemable at
option of the State after July 1, 1888. Assessed valuations and tax rate
per $1,000 have been as follows
1884
1835
1886
1887
Real estate.
$200,212,900
201,097,500
203,118,265
211,267,498
Other property. Railroad prop'ty.
$26,631,284
$34,350,170
31,547,582
31,547,582
32,361,855
25,651,803
24,790,914
28,282,583
Tax
rats.
$300
3-00
3-00
3-00
would amount to $3,809,511.
Under act of March 14, 1879, the old North Carolina RR. construction
Texas.— The old high-rate bonds were redeemed and lower interest
bonds were mad exchangeable for new 6 per cent bonds due In lwli>. bonds
issued. Total fuuded debt Aug. 31, 1887, $4,237,700, of which
Interest on these bonds Is met by dividends on the $3,000,000 stock of
the road held by the State, the road being leased to tne Kicamond A all but $ 1,215,830 is held by sohool, college and asylum funds. Assessed
valuations and rate of tax (inoluding sohool tax— $1-25 In 1887) per
Danville at a 6 per cent rental.
In the debt settlem int the special tax bonds were Ignored; also bonds $1,000 have been:
Real estate.
to Chatham RR., 1863, $1,030,000, and to Williamston A Tarb. RR., Years.
Personalty.
Total val'atlon. Tax rate
$150,000, and the Penitentiary bonds under acts of 1868. The special tax 1884.... $347,846,953
$255,213,904
$303,060,917
•3
bonds are in 3 classes, class 1, bearing the oonnon of April 1869 and 1885.... 375,890,594
3-75
245,121,395
621,011,939
since; class 2 of Oct., '69; class 3 of April, '70. Holders of the speoial 1886.... 379,3'I2.983
3-75
251,132.135
630.525,123
tax bonds have brought suit to establish the validity of their bonds 1887.... 404,897,497
3-75
245,514,904
650,412,101
and the case, decided against them in 1837 by the IT. 8. Circuit Court
Virginia.— The old bonds two-thirds fundable and the sterling
hi North Carolina, is now in the U. S. Supreme Court on appeal.
Assessed valuation of real estate Is about 60 per cent of true value. bonds carry ooupons from July 1869, except the years 1872-3-4. The
of 1871 carry coupons of Jan. l87o and sinoe. The 10-408 oarry
consols
Valuations and tax rate per $1,000 have been
Jan. 1881 and sinoe; but the consol. and 10-40 coupons being taxReal estate.
Personalty.
Total val'atlon.Tax » $1,000 reoeivable, these bonds are gonerally sold with matured coupous
YSSV1885....
$126,955,679
$32,613,417
$209,569,096
$2-50
off.
The lirst funding law of Maroh. 1871. allowed holders of
1886....
126,883,332
75.561,351
202,444,733
250
bonds to fund two-thirds of their debt into new 6 per cent bonds, bear210,035,453
200
ing coupons receivable for taxes, and receiving for the other one-third
,?7y:.„
«,1"4"S
—(V. 44, p. 744; V. 45, p. 53 V, 47, p. 594.)
of their principal a " deferred certificate," to be charged to West Virginia.
clause of the law, and the
Ohio.— Ohio has a State debt of only about $3,341 ,000, but large local The act of 1872 repealed the tax-receivable
debts, amounting In 1887 to $54,fi43,696, against $25,957,588 In 1875; bonds issued under it were called • Pcalers." The MoCullooh law of
this increase being mainly In city debts. Valuations in Ohio have been: March 28, 1879, authorized the 10-40 year bonds, bearing 3 per com
for 10 years, 4 per cent for 20 years and 5 per cent for 10
I P 1
ftt
« Personalty.
Realostate.
Personalty. years, ooupons tax-receivable. In February, 1832, the Riddloberger
-.==> », 5
?.„
1 *5, 4 75,210 $528,298,871
I886.$l,
173,106,705
$515,569,463
law for re-adjustlng the debt and the laws familiarly known as
J!!!-*}'
1885. 1.160,165,882 509,913.936 1887. 1,185,010,625 520 172 094 "Coupon killers," were passed (see V. 34, p. 88.) The Riddleberger
—State tax rate per $1,000 for 1883, $2-90.
act provided for the Issue of new bonds, dated Julv 1, 1882,
Pen nsyl vanla.-Tot al funded debt Jan. 1, 1888 (including that not into whiehall others could be funded at the rates specified 'in the table
bearing interest), was $15,692,600; sinking fimd assets $10,329,547. above, coupons also beinj fundable at certain rate}. This law, howRevenue Is raised principally from oorporatious. Taxes are levied on ever, was amended and all bonds offered for funding are now required
personal property, which was valued in 1887 at $101,000 000. The to carry the coupon of July, 1885, no allowance beinsr mile for inrato per $1,000 In 1886 and 1887 was $3.
terest maturing between Jan. 1, 1885, and date of surr .nl -rof Inn Is.
Rhode Island.— The debt was all created for war purposes. In The Supreme Court of the United States has three times passed on the
January, 1888, the net debt, less sinking fund, was $639,496. The Virginia laws, and while sustaining In theory the priuoiple that the
Bta t T a,n t n of relil Property up to 1888 was $328,530,559 tax rate, tax receivable ooupon law constituted a contract with the bondholders,
, £„ ,
? !^
the court has so far upheld the subsequent laws that the ooupon
n 1887,
$1 40 on $1,000.
has been practically defeated.
South «larollna.-The funding law of Deo. 23, '73, provided for clause
A movement was begun in 1885 to procure an adjustment of tlis
scaling down the old debt 50 per cent. The consols
were again '• re- "Deferred" bonds or certificates by the Legislature of West Virginia
8
" 1879/ Tue Bcv eral acts were passed Dec. 3, 1873. Deo. 24, and the holders of some $3,000,000 deposited their bonds with the
?2io
1878, ^JI
Deo. 24, 1879. and February, 1880.
In Nov.,
there Farmers' Loan A Tr. Co., and the certificates of that Co. were listed at
were green consols outstanding (Included in table abovci,1838,
$618,161, the Stock Exchange.
,nva 1.1(1 *}87,850 leaving $130,311 fundable at par into
Of the" Riddleberger" bonds above the sinking funds hold $2,357,,
Brown oonsoK Valuations
and rate of tax per $1,000 have been:
577. the Board of Publio Works $173,900. and the Library Fund
Personalty.
Railroads.
Tax rate. $1,179,127. leaving $4,060,677 in hands of public.
7n«fV SS&iSS&Sl,
.Assessed valuations have been as follows:
$16,904,705
$15,263,366
$550
w2tBR-"*n2 ? ?? S'?§
42,836.288
15,52i;041
5 25
Years.
Real Estate.
Personalty.
Tax Rate
^"46',p.47i
Total.
-,
;
A
™
:
Si^SS!
,'
,
,
,
,
803?
e , l
A fundin « '»w was passed (act of May
tiiT tL J r.'!?^STi
83
4
n
•8224 1M
Vi.m.Aol
i
,1884.... $239,826,000
$33,974,040
$1-00
$328. "00,040
1885.... 256,916,140
84,884.270
400
341,800.410
l»-86.... 257,533,440
83,783,180
400
341,316,620
0ld tue " ew BeariiiK 3 per cent In 1882. 1887.... 259,857,960
82,377,43*
400
342,215,390
iS
* flrfToQa'
1888, aD<1
61,
1888
(est) 299,251,019
oeat
188
97,460,306
400
and
P
to
396,711,325
1912,
»
nf these
;»,SJ"i
of
oompromlsc J?
bonds wore issued. The Legisla- -(V. 44, p. 451, 495, 527, 572, 627, 730 V.
45, p. 512, 768, 847.)
•
20, '82i without
,'
;
—
.
November,
CITY SECURITIES.
1888.
Sabecrlbera will roniv-r a great favor
bjr
giving Immediate notice of any error dltcaiered In tbeee Tablea.
Date
DESCRIPTION.
of
bol.d-.
Forexplanatlona *ee Bote* on ant page of table*.
UN
1^71171
1-70--J
1-71
1-71 '*-
City Improvement
Washington Park
site
Water debt (S400.000 due 1900-3. are 7*1
fjatxl a l Water Commission bonds
Marks
loaned to Alliany
Oa
ISM
for streets, floatlm debt.
State Hi
L.
•52,000 only doe 1915
U> fund Boating debt.
115300
1.1-l.O.PO
P.
1
doe 1916
r
loan of 1890
at wUl after 1916. ...r
4>te.
1-77
1-7-
, red.
stock, tax tree.
i
Bty loan
nty loan
(Druid HUD
at loan
r
14A8O0
1,000
I.OOO
11X1*0.
100 Ac.
410.353
555.566
186,788
1094m
5.000.000
1,500.000
1
—
1
1870
i
IV 7 J
Maryland Railroad
(*957.ooo are 5*AS155,000 3-65s> r
•100.000 are 3»)
do
Water loan
Run Improve4250.000dueaf.19i0
Wsatera Marylaart
RR. loan
Harford
da
Si
for
to
i
Western Maryland
Union Railroad
RR
ML
r
1880-4
1889
i--r
100 A*
100
1-71
1-75
L878)
1889
RR
1
(guar, by
• IOO3OO4>t*da*10O7
fity debt and Caa rlsatown
tT
Ti
do
!:::•
1-71
I
RR refunding.
-.«,..
sk.fd. not d'n. .
000
Ml Ac
1.
1
7J
1*96 to ItilS
1886 69 1018
i-.i:> t..
....
4397.604
l.OOU
1366308
BS03O8
19J5
1893
1888
1917 A 1937
July. 1890 to 1916
1897 to 1908
1007-1808
April 1. 1908
April.
J my 1.
4.v..7.ixpo
13.000
688.000
....
....
1,947.274
l'.H>2
8452.000
1006-1907
J..-.OO0
•
1909-1912
1913-1917
Oct. 1, 1918
1914-1918
April. 1917
Oct 1, 1917
or., LS01
Jan. 1.1889 to '94
July 1, 1889 A *90
July 1, 1889 A "90
July 1,188910*95
July. 1899-1984
.;-.,.ooo
3.015.000
100.000
1,000
675.000
•84-0-7-8
194,000
11-7
IX..
1
iKa
1865-66
186a
1808
Haw York
B'daw loen.$l0o.0O0 or so y'rly ,c Ar
'for H. V. at Brooklyn Bridge, op or res:
A
'89
1170
1870-T6
1000 dw
600300
1.000
l.ooo
1.000
1.000
1.000
l.ooo
l.ooo
213.000
357.000
3V0O0
35.000
128300
3,000,000
380,0 o
irmmm-fW^^
Aacu*t*.-ortlu»de*t.«OOOr900was lassoed
aaee
lor
fur nsllroads. and balSlaking funds. J.
Taxable valuation la 1896: ReaU aatate, $15,241,450; per
383.806; tax rne.615 par • I.OOO. In 1885: Real estate,
Pop
x tax rate, $16 25 per •1,000.
m»4 enlargement, water works. Ac
,
flWb^ci-w^
6389i
Ohio RR
la 1880. 21.891.
pays Interest on •5.000.000.
paid by Income of water works, aad Public Park by Cltr
Railway, and
a total debt of $36. 169.176 the city-r to
with .ntereat oo only tta -,,
T,ii*" 1 to»103903«5. toarlng
.
4&9'S
m. 81. 1887. only
87.707.727
debt over Interest- bearing asset*.
The "pToloctl-eseourltli-a" bare Include 83.360300 oomaon »
B AO. RR There are also held $.
Pop nation la 1870.267
ig the Belt, 416.915.
A n saitd valaaUoa. near ma full eash
value, aad tat rat* have been
Real
Total
Bate of Tax
Year.
Ivtafe
Proj-riy
Valaatlon.
per $1,000.
8189.9U.40t
868JI99.788
17 87^
348308433
to.
••^^2^
—
lWi?
I
,
hmw
:
MS
l
Ml
1905. 0.
I
Albany. -Tola! debt Jan. 1, 18-H, was $3,529,000, of which 61,131,
000 was aetar debt; sinking fund aa~t<
net debt. $13 14,861
361. The loan to Alb. A Wmnrtahsnn* la scoured by
•rat mortmain.
Thar*
There are a'so 889300
$02.<
Bo. Pearl Bt. bonds doe In Nor.,
The
valuation
of Albany City in 18e« was: Baal
*.
_ estate, •>in [087 real
0; tax rate
'(- ; 2.1
So;
3d rate.
rate, 87 00. Pep/a.
Fopn. 90.758
00.768 la 1880:
1880; 08332
083 In 1870.
Atlanta. -The total bonded debt Jar.. 1 1888, was 02,-JMAfOO. At\ value of real e»tat.
.370; personal. 87380.309:
In 1887 real estate. $11,933,061: per»oa*l.
tz rate per «l too. $15
7304.703 tax rate. $15 ,1 n eajld ralaa between 50 sn 1 75 p c. of real.
.37.409 in 1880; 21.708 la 1870! about 67,000 Jan I.:
870.000.
>u
June. 1889 to 1891
2.751.426
linto'M 1.000
i*i7 t.. 7-;
1975 4 7....
1-71M7J
• 100 Ac
18
1888 1900
Oet. 1, 1918
April 1,1987
7O0.0O0
800.000
816,000
75.000
1.000
AlOOAc
alOOAc
1*78
1870-'8O
1883 to '87
1888
1891 A 1902
ISO* 1080 d 1807
1889 to 1897
July, 1889-1914
Oet. 1, 1880
Ap'l,
880000
1873
18rT6--76
Sept. 1. 1808
Nov.. 1889 to 1891
Jan. 1,1894
Julyl, 1906
Jan. 1. 1894
April 1, 1899
lam-M
1---.
UM-<
Jan. 1, 1900
Jan. 1, 1895
Bank.
Baltimore, Franklin Bank.
Bost,Meroh.N.Bk.A Bang'
7.941,600
9.54H.OOO
460.000
1,591.000
109.000
947.000
1-H7
1---
Jan.. 18891896
Jan. 1, 1914
31--.M0
Various
.
.
do
do
do
do
1887 A 1808
1888
Various.
do
do
!•
do
1 50th payable yearly
West Roxhary •25.000 payable yearly ....
Barnl district sterling loan
- detrertlm prevent slerllag loan.
•455.000 4s. doe 1918
1890
1908
1904
1897
1911-1915
1,
1,
1,
Jan. to Oct. 1891
July l. 1st t to '99
...
1
A J„
Jan.
Jan.
Jan.
180400
in-.-,
e
do
do
do
do
1805-'97
A J„ 1892
Various.
Various.
IMS- -80
-
J.
J.
Various
1.000
—
an.Nat. B'k A Allan
Balto., N. Mechanics'
117.000
50.000
30.000
100.000
600.000
1.000.000
925.000
1.600
500 A*.
I.OOO
500 Ac.
1 1
April 9, 1900
do
do
April 9, 1900
do
do
Aft'r'iU.192iA'28
do
do
do
do
1904 A after 1920
do
do
July 1. 1935
Jan. 1, 1927
Balto., Farm. A Plan. Bank.
.;-..ihkj
1---.
.
PO
1,701.000
1-7- -.'
1878
BaSolk Co. Conn H'se b'd*
p.
lOO
UMta'SS
•350,000 due Oct. 1904
08O.OOOdu*Jan. 1. 1*06
C31 1.000 doe July 1.1906
8145 000 da* Oat. 1. 1687
do
do
do
500 000
Various.
Maine Cent KR
Knox A Lincoln Railroad CW3.760 each Tear)
do
do
P. A A. and MAS)
sssssii
188
.
July 1,1905 to '10
July 1, 1916
Augusta, Treasury.
1889 to 1916
Farm. A Plan. Bank. After July 1,1890
Bat to., Nat. Mechanics' Bk. After July 1, 1916
do
After July, 1916
do
do
do
Sept. 1, 1893
do
do
After Sept 1,1893
After Sept. 1,1890
do
do
do
do
Jan. 1, 1895
do
do
Oct. 1, 1920
Balto., Farm. A Plan. Bank,
Jan. 1, 1890
do
do
1900 and 1903
Balto., Nat. Mechanics' Bk, Afer Nov. 1,1930
ttalto., Fann.APlan. Bonk After July 1,1900
Balto., N. Mechanics' Bank
Jan. 1, 1903
-7. ..'POO
A Worth
Railroad
MjET-Paad. debt <»78.ooo an I.5..V7. J.AJ.)
Knox A Lincoln RR.. for ahx k
1, 1904
1894 to 1912
Balto.,
1.O.PO.000
...r
I
AadroaoMUiB
•4.HOO.0O0
100 Ao.
1H7-J
1**'.
M rag
,n t-,1,.1..
8313.000
1874
Jf«.—Oty debt proper
.
May
Y„ Del.A Hnd. Canal Co
do
do
do
do
do
do
do
do
I.OOO
loo A.100 An.
100 AW.
100 A*
LOO da
r
N.
N.Y.
l---.
i
(»2<tt.ouu only are 6*)
-t
1878
i*Falto
A N
8311.008
LOO A*
100 Ac.
•_'PM
74
A" J.
M.
6,000.000
1,000.000
lOOAVa.
1863
J.
do
do
do
do
L78740S
7308448
100 Ac.
1865
l-»7i»
Boston, Merchants' Bank. Feb. 1,1889 to -OA
Mar. 1/89 to 1900
1910-'21
A.
New York.
A a
A N New York and Albany.
A N. N Y., Merchants' Nat Bk
do
do
A A.
l.-.:i."00
100 A*
loo Ac
l-.;:i
Principal— When
Due.
1-.'..000
858.000
349.000
400.000
313.000
427.000
77.500
120.500
310,000
55.000
l->:3
l-i..,
A
25',OoO
1884
-7
Various.
Various.
F.
1,068,000
l-7'.l
!--...»
INTEREST.
Where payable and by
whom.
Wlieu
Payable
M.
M.
M.
1870 A "72 '.inp .*,.
1-71
1.000
1-77
BOO A-r.
1881 A '85
1.090
RR. and Boating debt.
and Sd series, waterworks.
(.-24.503 are
Rate.
$07,000
418.000
$1,000
1.000
1.000
1,000
1.000
1.000
1867-"73| 500 Ac.
1-.-....--70
1.000
tor West.
let
outstanding
1888
1888
A Susquehanna RR
—A.Bonds
Railroad and
for
Amount
par
1--C---8
Hew city Hall
i
81ie or
value.
AlAany, M. T.— Purchase Congress Hall Block.
Hew Port Oflee
:
estate,
80,6113.650;
A '8
Municipal prrpperty, lnreal estate, $6,771,049; per-
dudlngwster aorks, $810,00..
sonal. 82.858.872: tax rate per •I.OOO,
$22
50.
Populattoi..
t-.MJ.ui
Boeloa.-Thn
population of Boston In 1880 was 802,830; In 1870,
250,526. against 177440 In 1800. The gross debt on Apr. 30, 1988,
we* •48,987,803 (Inciudlug city debt proper, •30.793.52 »: county
drlH. •1,616.000; Coebltuste water .l-t.t. 814.741.274; Cnarleatowu.
West Roxipury, etc , debt. •1,943.000), and the total sinking funds,
",25>, leaving the net debt •27,700,548.
The law of April 17. '85, limited the taxation In BosUtn for city purlees to SO on the average valuation of Ave y
yean preceding, to wfilob
toadd
added the tax for city debt and for State purposes. After Jan,
1887. the net debt was not to be over 2 per oent of average
valuation for Ave year.
-tliig fro n above total of „
debt the sum of $18,49 p,'.'i
debt, eie
etc ),
for vinous
virions it
It-mt
mi (w*ler
iw iter arm,
p, not
>.27t
i" ror
jvored by thU 1 iw, and also
also the sinking fun. Is applicable to t lie, debt so
rednoed. the debt remaining
'Wed
Ml.3l5.lt4, wb<
limit by $433,546. the said
ild average
valuation beln< $094,079,431. Aea
seaaed val uatloa on May 1 for four n
rears has beea
Net Dab*,
Personal
Tax
Oeo. 31.
Hatate.
•
i
I
I
'
18HI
...
.
8488.180300
517.490,200
647.I7U.300
is-.;....
1887....
8194426,068
193.080400
603,013400
200.464,000
201,435,100
$17 00
824.766,084
12 -'0
13 40
13 40
26,35448*
271037388
-(V. 46. p. 787.1
llrooklyn.— The whole city debt was
debt
Water loan
Debt payable from assessments
as follows Jan.
Jan. 1, 1888.
82^907,543
11,073,600
483,000
2.500.000
....
Tax oerCBcate*
886469.953
1»87
301.339315
00400.200
267.839.1HH
-Kancor, He. Trie loans to Bo. A >•> Am. K. K. 10 bangOT A Pis. R
saw secured by Bret aortgagea on those roa,l«. aad Interest fuliv paid
sn the earnings. The valuations (near full value) U. 1886 were: Real
'7
punonal, 89,881,706.
Gross debt
Lam sinking fund
Hrtdebt
.
1,
1988 and
Jan.
1,
*87,
1887.
826.077448
10,893300
—
1,640,000
2,000,000
.
$33,964,013
7.941,541
•40.011,043
6.996,218
832,014,603
•33,624,888
:
K:
.
SUPPLEMENT.
INVESTORS'
tetMHtM will color a ,»«
DESCRIPTION.
error dlacoTered In the.. Table..
l»Tor b, K lvln« Immediate notlc. of any
INTEREST.
Principal -When
Amount
Size or
Date of
ue.
Where Payable and by
When
outstanding
par
Bands,
Wot explanations see notes on flrstpageof
1876 to '80 $1,000
1879 to '82 1,000
1881 to '83 1,000
1860 to "73 1,(100
1,000
1864
1857 to '75 1,000
—
—
•
'00)
Arrear-c bdsf (f 1,660,000 10-40s 4s, J'y.'23).r
Local improvements...
r.— Funded debt bonds
cAr
Waterworks bonds
Tax loan bonds
°*f
°*'
c*r
-
Buffalo, s.
Cambrulye.
it
otj^m^
at—
City bonds
:::::::::::::Sr
'."...'.
do
do
do
Water loan
(only $12,500 are
do
c* r
S£
«*£
1884
1884
1884
1883
1870 to '86
1870 to '86
1880 to '86
1864
1863
1870 to '76
1873-'74
l885-'»8
5s)
1878
1879
do
do
$3,333,000
2,279,000
6
2,383,2.17
4
7
6
A
A
A
A
A
<V
A
A
A
A
A
l.OOOAc
1,000 Ac
1,000 Ac
1,000
1,000
500 Ac
500 Ac.
coup, or reg
Sinking fund bonds
Oheltea,
Funded debt $350,000 for water)
notes
do
Cnitago— Water loan
Water loan
Water loan (refunding)
Mat—
100 Ac.
1,000
(
1882
1888
500,Ac.
1,000
100, Ac.
500 Ac.
Bew'gebds.,$490,0OOJ y,"'92;"$785,'o60J'y,'94
,
1880
#58,000 j'y, "04;" $387,060 J'y, '09 1884
do
River Improvement bonds, part each year.
A
'88
1,000
1.000
.
Mun'lbds.,$100,OGOJ'y,'95;$86,OOOJ',J,'9bf&g
Municipal and Bohool bonds
1881-7
Municipal bonds (refunding loan)
CookG'yd't,$2E0,000,'B9;$l,483,000May,'92
500 Ac
A8
500 Ac.
do
do
do
due $50,000 each j ear..
do
1,000
1869
C3
Cincinnati- Bonds for Waterworks
1,000
.F
1863
Bonds for Common School purposes
1,000
1855
Bonds to O. AM. RK. to purchase whf prop. .N
500
Ac
E
'50
D.
A
to
1847
Bonds for ext. and impr. Water W. .C,
AA A2 1847 to '48 500 Ac
Bonds for funding floating debt
1867-'68
1,000
.8AB2
,due'98
New Hosp'l bds. $250,000 M. AN.
1,000
.L
1853
Bonds for funding floating debt
1.0(H)
Extension and improve. Water Works. .K A* 1851-'53
1,000
1858
Bonds to purchase Orp'n Asyl. grds. for park.O
1,000
R
1869
Bonds for sewerage
1,000
-D
1869
Bonds for improving Gilbert avenue
1,000
B3
1869
sewer
avenue
Bonds to build Eggleston
.05
1,000
1872
Bonds for Water Work purposes
1,000
W2
1871
General improvement
500 Ac.
1872
Cincinnati Southern RR
,-;-i-Ac.
gold
500
are
6s)
1876
($2,890,000
do
do
1878 A '79 1,000
do
do
1,000
1874
Funding debt bonds, coupon
1875
1,000
Park improvement (Q. $15,000 6s)
1,000
1875
Water-works b'ds.,$200,000dueAug., 1895. Dl
1,000
1879
Bonds for McLean Ave. sewer ($35,000 5s) U2
83
1876
1,000
Hospital bonds
H2
1872
1.000
University
Various
1888
Street bonds, 13 series, part of each each year
1.000
Consol. a. f bonds, 30-50 yrs. (Aot Apl. 9, '80, 1880 A '81
.
-
.
.
.
8,019,000
1,217,000
11,573,500
2,500,000
734,305
549,000
2,350,000
200,000
5,424,536
2.778,382
U3 AU4 1879 A '80 100 Ac.
Assessment bonds
100
Work House and Infirmary ($19,000 M. A N.) 1881 A '82
1881
100 Ac.
Deficiency loan (redeemable after 1891) ..,
1885-'86. Various
Deficiency and pavement bonds (10-20 yr.)
1887-'88
1,000
City Hall, redeemable after 1897
Cleveland— Water works ($200,000 are 6 p. ct.). 1872 to '84 1,000
1872
to
'84
1,000
debt
Funded
1872 to '87 1.000
Lake View, Wade and Monumental parks
are
6s)
1874
to
'8
oanallook
($11,000
1,000
and
Canal
1885-86
1,000
General bonds, various purposes
Viaduct (mostly F. A A., A. A O. and J. A D.) 1873 to '78
1886 A '87 1.000
Elevated Roadway
Various.
Special bonds
1884-5-6-7
Kingsbury and Pearl Street Bridges
l'.obo
;
.
;
;
C—
—
.
1,4,5,
t
3
I.
Brooklyn.
1
do
do
do
do
do
do
do
do
do
do
J.
J.
J.
J.
1908 to 1919
19'7'18'19'23*25
I92l'2'3'5 ti'7'8
iizb
= © m
-
i
,
'24
Julv 1, 1924
1891 to lit!
3 years from date.
1915,
5
as
t
ff
—
-.
-r
-
'6. '7, '8,
889 to 1905
1, 1924
A 1924
3»aA4 I.
o x — — r<
July 1, 1893
Jo
J.
4
to
1926
1888
3to7 Various Buffalo and New York
Oct., 1889 to 1909
do
do
3i«to7 Various
Jun-2,'8!) to 1900
do
do
449,. 53 3 A4i« J. A J.
April I, 1888
Redemption.
Bank
Boston,
O.
A.
A
5
100,000
Jan. 1, 1893
Boston, Tremont Bank.
J. A J.
150,000
1890 to '96
Redemption
Boston,
Bank
Various
347,000
1903-4-5
July,
do
do
J. A J
6
689,000
'•95,'o5,'07,'l7,'18
do
do
Various
4
4 5.000
Nov. 1. 1896
do
do
3ia
25,000
Mav, 1889 to '97
do
do
Various
6
988,000
1894-'98-1910
da
do
4 A5
446,500
1906 and 1911
do
do
3ifl
218,000
1888 to 18i'7
Charleston, Treasury
A. A O.
7
494.400
Apr.
A Oct., 1898
do
A. A O.
109,500
6
Jan. A July 1.1909
do
J. A J.
4
3,392,117
1888
to 1908
Various
6
404,800
Various Boston, N. Bk. Redemption Aug. 1,1891 to '95
6
1,092,000
1,1889-1890
8ept.
160,000 4,4is. 5^2 Various
July ,'97 A Jan. .'98
J. A J. N. Y., Am. Ex. Nat. Bank.
132,000
6
July 1, '89 to '95
do
do
J. A J.
7
3,340,000
July 1, 1902
do
do
365 J. A J
333,000
July 1. 1K08
do
do
J. A J.
l.Mi.OOO
4
July,'.i2,'91 A '95
do
do
J. A J.
7
1,288,000
July 1, 19O0
do
do
4is
J. A J.
489,500
July 1, 1904 A '03
do
do
J. A J.
4
815,000
'90, '2. '3, '4,'5
J'y,
do
do
J. A J.
7
2,608,000
July, 1895 A '96
do
do
J. A J.
6
186.000
1.1890 to '99
July
do
do
7
I. A .1.
1,858,000
April 1, 1901, '7,'8
do
do
J. A J.
4
1.333.000
1889, '90,'a2
May,
Chloago.
New York A
M. A N.
7
2,175,000
Jan. 1, 1899
Chicago.
J. A J.
5
750,000
May
1, 1900
do
4ia
M. A N.
1.158,500
Mav 1, 1905
do
M. A N
4
f 00,000
'89 to '08
Mar.
1,
do
M. A 8
4
1,000,000
June 15. 1889
7 3-10 J. A D. N.Y.. Am. Exoh. Nat. Bank
150,000
1890
Jan.
1,
N. Y., Bank of America.
J. A J
6
98,000
Nov. 1, 1890
M. AN. N.Y., Am. Exch. NaT. Bank.
6
194,000
April,
1895
A. A O. Phila., Bk. of North Amer.
6
397,000
May 1, 1897
do
do
M. A N.
e
171,500
7 3-10 J. A D. N.Y., Am. Exch. Nat. Bank. June'97A Nov.,'98
750,000
Jan. 1, 1900
do
do
A
J.
J.
6
60,000
Various Phila., Bk. of North Amer. June A Oot., 1900
6
175.000
17, 1908
Mar.,
Auditor.
City
Cincinnati,
M.17A8
6
100,000
Sept. 15. 1899
150,000
7 3-10 M.15AS N. Y., Am. Exch. Nat. Bk.
Sept.
15, 1899
do
do
8.
3-10
M.
A
7
150.000
Oct. 1, 1899
do
do
7 3-10 A. A O
100.000
Aug.
do
1, 1897
do
A
F.
A
7
300,000
Dec. 1, 1891
do
do
J. A D
600,000
7
July
1, 1902
do
do
3-10
J
J.
A
7
8,190,000
May 1, 1906
do
do
4,825,000 Ig. A 7-3 M. A N
1902-1908-1909
do
do
Various
6A
7
2,258,500
M15AN Cincinnati, City Treasury, May 15, 1904
7
995,000
Jan. 1, 1890
6 A7 J. A J N. Y., Am Exoh. Nat. Br
65,000
Aug.,'90 A'96
F. A A Cincinnati, City Treasury.
200,000
7
1889-1909
BauR
May
Exch.
Nat.
N.Y..
Am.
A
N.
M.
175,000
5 A6
May 1, 1906
M. A N. Cincinnati, City Treasury
7
50,000
Aug.
1, 1897
Bank
Am.
Exch.
Nat,
N.Y.,
F.
A
A.
7
76,000
1889 to 1899
Semi an Cincin., Offl"e City Treas'r.
263,607
1931
1930
A
Exch.
Nat.
Bk.
Am.
Y.,
Various
N.
4A5
2,137,000
,I'yl,'89 A May'90
do
do
Various
4 A5
64,706
'91
J'y, '92
A
May,
Cincinnati.
4
J. A J
79,000
T
June I. 1901
4
499,500
J. A D. N Y., Am. Exch. Nat. Bk,
1905
June.
May
A
io
do
Various
4
2,473,000
June 1, 1907
Y., Am. Exch. Nat. Bk,
4
T. A D
363,000
1903
1892
A
Exch.
Nat.
Bk,
Am.
Y.,
3-65
Various
to 7
1,775,000
do
May 1,1889 to '97
do
1,97K,000 4, 5, 6, 7 Various
Dec, 1889 to '92
do
do
6A7 Various
87,000
1894 to '98
do
do
6A 7 Various
275,000
1890-1895
June,
do
4ia
do
Various
185,000 4 A
1895-1907
do
do
2,138.000 5. 6 A 7 Various
1902-3
do
Various
do
4 A5
660,000
Sept., 1889 -'95
do
do
492.100
4,5,7 Various
1899-1903
do
do
300,000 4, 4i*. 5 Various
3>sA 4
T.
4
I.
•
* £ -
&3P*£
1
July
July, 1923
8*
Population in 1870, 396,099. agaiust 566,1.63 in 1880. Valuation of
propt rty and tax rate per $1,000 have been
Real.
Personal.
Years.
Av. Rate.
$336,221,357
$22,049,310
$2650
1885
26-563
339,922,812
14,217,276
1886
362,1K6,083
21,685,591
27 595
1887
385,901,998
22,597,240
1888
separate
from
the
Kings
County,
debt
of
of
Brooklyn,
Aug.
debt
The
1,
1888, was $4,539,500, of which the city is responsible for l*.-nt-hs.
Buflalo.— Total lunded debt, Feb., 1888, $8,689,942; deduct water
debt, $2,778,382 sinking fund assets, $208,273 net debt, $5,703,287.
Valuations and tax per $1,000 have been:
Real estate.
Personalty. Tax Rate.
Years.
$99,912,470
1885
$8,461,675
$17 21
113,963,945
8,405,225
1886
17 27
119,876,145
1478
1887
8,755,150
Buflalo also pays 77-100 of Erie county debt. The interest on different
bonds is 3is. 4, 4is. 5, 6 and 7. Population, 230,284 in 1887 (police
census); 154,766 in 1880; 117,714 In 1870.
Cambridge, Mann.—The total funded debt, Jan. 1, 1888, was
§3,441,500; deduct wster debt. $1,825,500, and municipal sinking fund,
$428,56."; net debt, $1,187,435. The Investments are nearly all In city
bonds at par, and stamped "not negotiable." Valuation, 1888, real
estate $48, 180,700; personal, $14,219,640; total, $02,400,340; tax rate,
§15 00 per $1,000. Valuation in '86. $44,!'55,200 real estate and $14,4ii0,470 personal
total, $59,415,670
tax rate, $15 00 per $1,000.
Population. 62,669 In '80; 39,634 In '70.
Charleston, S.
Total debt Jan. 1. 1888, $1,021,018, against
§5,241,710 In 1870. Theie are also 423,000 5 per cents. Bonds of
Charleston are mostly held within the State of South Carolina. Conversion bonds of 1878 and 1879 are issued in exohange for city stock.
Valuations and tax rate per $1,000 have been:
•ears.
Real Estate.
Personal Prop.
Tax Rate.
$16,753,760
$8,138,153
$20 00
J885
16.933,565
7,809.212
17 50
J*"*
1887
14,221.200
7,290,912
20 00
Population. 4B.HH4 in 18S0: 4u.!)5R In 1870.
Chelsea, Mass.— Iotal funded debt Jju. 1, 1888. $1,661 800; decoct water debt, $350,000; sinking fund assets, $406,137; net debt,
;
5
Whom.
!
1886
500 Ac.
5*1 1868 to '77
1,000
car 1878-'87
1886
--•
Charleston, 8.'6'.— Oon.bdsi.'to red.pasfrdue debt
do
do
Payable
Various.
- •
•
Rate.
Value.
table?
Mrooktvn— (Continued I—
Bonds fir N. Y. A Br. Bridge....
do
do
do
do
Prospect Park loan, reg. A ooup..
Prospect Park loan
Permanent water loan...
••••• • Temporary tax certificates
Cuts/of Indent. ($70,000 4a duo 1889 *
county
to
Bond* to pay arrears
[Vo*. XLVII.
.
f905,663. Valuation In 1887. real estate, $17,037,150; pers inal
$2,317,702; tax rate, 17-60. Valuation in 1886. real estate. $16,530,850, and personal, $2,275,812; total, $18,806,662; tax rate, $17 80.
Population, 21,782 in 1880; 18.547 in 1870; 24,347 in 1884.
Chicago.— The city debt is limited to 5 per cent of the Illinois State
valuation. Total funded debt January 1, 1888, was $12,583, 500. but
of this $3,955,000 was on account of the Water Works, which yield an
income much above the interost charge on the debt Sinking fuud in
1887 was $341,037. Valuations (about one-third true value) as follows:
Real Estate. Personal A RR. Tax per $1, 000.
tfears.
$103,606,743
122.930.123
121.679,654
1884
isae
1887"
831.720.Vo7
35,516,009
38,035.080
$35 48
33 87
34 76
South
The
Park,
1880, 503,185.
Population in 1870 was 298,977, and in
West Chicago Park and Lincoln Park loans are not debts of the city.
Cincinnati.— Total fundea debt Deo. 31, 1887, $25,829,20"; in
addition there are $761,203 Improvement bonds held as sinking
fund for above. Of the outstanding debt $18,577,000 is for Cin. 8outb.
Railway (pays city *9C 0,000 till 1901. then $1,250,000), and $1,525,000 for water works (self-supporting) balauoe, $5,727,207. For action
taken in 1888 relative to Clnn. So. RR., see V. 46, p. 319. In 1870 the
population was 216,239, against 255,139 in 1880. The following table
from the books of the Auditor of Hamilton County, Ohio, exhibits the
assessed valuation of the olty of Cincinnati for three years uained
Total
Tax per
Personal
Real
Valuation.
$1,000
Estate.
Es'ate
Years.
$167,535,354
$3100
8129,956.930
$37,578,376
1880
25 44
171,950,031
129,378,370
42,571,661
1886
174,537,847
27 68
43,806.977
....130,730,870
1887
The city owns the stock of Cln. 8. KR., leased as per terms, V. 33, p. 281.
Cleveland.— Thesewer, street lniproveui'ts and street opening imnds
Are lor special local improvements, and redeemed bv assessments on the
property benefit ted Pop.,160, 146 in 1880; 92,829 lu 1870. Assessed valu.
ation.tax rat*-, lebt.and par value of sinkim funds on Dec.3 1 have been:
Special Debt. Sinking Funds.
General Debt.
Years. Tax » 1.000.
$..727,905
$14-35
$708,000
1885
$6,917,000
19-ls
695,900
1,733,724
8.015,000
1886
1887
10-30
611.100
1,802,294
7,614,500
;
-(V. 45,
p. 743.)
J
J
.
November,
1883.
:
CITY SECURITIES.
J
subscriber* will confer a great favor by giving Immediate notice ol auy error discovered In these Tab'ea.
DESCRIPTION.
fis iiipto»«rtnmiaMl«nt()*nn
first ir«Fn
Dutloinu, Joira— 2d renewed Judg.
nfti 1
Date of
boo da.
Site or
Amount
par
outstamlllik-
In
bis. 5-20s
Fnndta* bonds, extended In 1888
Warrant funding bond* drawn at p.ir
DttroUJItcA.— For Water W.Oo.. oa city's credit
"
stock (City Hall) bonds.
Public r
Bonding
PnbUe saver bonds (835.000 are 6s. dne 1 897)
Public sewer bonds (8100.000 3 4s, due 1906)
Bonds for purchase Bella Isle
PnbUe Improvement
Market. Ac, bus <*30.00034pc, due 1911)
aUmMh. M. J.Pnaded debt bonds
)
ratoa.
1888
81.000
1-78
1.000
issa
1855 to -81 500,Ae
1863 to "73
1872 to '77 l'.cbo
IBM A '88 l.OOOAc
1879
18-0 .v. '87
1,600
1880 a: '86
1870 to "75
1872 10-73
1865 to '66
Belles B.
fterleeC.
Hew Water Works loan
BOO ate
1.000
100 As,
100 Ae.
500 Ao.
3.250.000
275.000
62.000
Large.
lOOOAc.
1.000
1.000
c
e
o
961360
125,000
500,000
450,000
550.000
200.000
400,000
22.500
400.000
104.500
123.000
a
a
III.
II.
IHWW
bonds
Par.
1805-Vsl
RB).
I.660
1.000
l.ixw
1.000
1.000
1.000
1.000
1878
1-7J
leva debt* to railroad. 10-25
war
So
do
do
.
1879--80
. .
aoatlngdebt
JT..r.-rlo*d«
(4*4300 dn*F*b.l. 1906)
'-7.;
500
1872 A-T7 500
i
8r..i
i-:Various
1880-'B3
1887
1-71 74
1-74
1-72
78.000 doe Feb. 1, 1899)....
196.000 dne Nov. 15. 1901).
c*
(•60.000 are J.AJ.)C
1-7II
railroads
e* 1S.VM,, -„
1-77
L'n. RR. Tr Block Yard (mort,)...e*
ksrlasA
1878
l.ISS)
1
taO
O itf*«t*«t«****«t««*****i ••*
do C
do
do
do D
Farihsssmwasy himna Bu elk irs Park
ee-
1874
1874
1875
1874
1882 to *77
0.000
1
MW
73
J..3..NM)
foad.b'ds (63o6.66o. "l 9b«; J.AJ.">"c*r
debcdw
g b-ds.Ac.l815O.000. 5*. A AOlear
-rjj»_ -
1.000
alas of property 81 1300.000. which
4
8
J.
6
Various
Various
M
J
J.
J.
J.
J.
A
A.
A 1
-:
M.
A
N.
M.AN
6
P.
A
J.
A"
4
6
A.
M A N
A J.
\
m ft I
J. A D
J.
34 A
4
8
6
and by
due.
do
do
A
Stanton.
1905, parable '90
N. Y.,
do
do
First Nat. Bank,
do
do
do
do
do
1908
1906,red.at0i>tlon
Aug., 1889 to 1906
June. 1889 to '93
do
do
do
do
do
1892 to 1897
1906 A 1918
1899
Deo 1916-1918
1889tol891A1911
.
1882 to '95
1882 to '93
1882 to '86
1885 to '96
1907
1888
N. Y., Mercantile Trust Co.
July 1, 1912
New York.
Mar. 1.1889 to '92
do
1889 to 1893
do
1894 to 1898
do
1897 to 1907
N. Y.. Wlnslow, L. A Co.
Jan. 1, 1912
do
Jan. 1, 1912
dO
lio
dO
July 1, 1912
do
do
July 1, 1913
City Treasury.
An*. 5, 1892
do
Apr.A Sept 1891
Boston. Revere Bank.
Aug. 1, 1894
Boston. Bank Redemption.
May 1, 1895
do
do
May l.lfc95
do
1896--97-'98
do
Cly Treasury.
May 1. 1905
Boston. Bank Redemption P<l>. 1. 1900-1900
do
Nov. 1, 1892-1908
do
do
do
Aug. 1, 1899-1905
Mar 1. 1908-1908
Boston, Merchant*' Bank
July 1, 1893
Pltchbarg City Treasury.
18-8 to 1897
Boston, Merchant*' Bank. July 1. '91. 1905-8
Pltehburg City Treasury. 1894,95,98 A 1903
City Treasury,
do
do
do
do
do
Oalveston, City Treasury.
n.
fan ..r QMTwafcs*.
1888 :«•>
1920 19S8
J
City Treesary.
Suffolk Bank, Boston.
J
City Treasury.
1890-1906
1, 1891
1, 1893
1, 1897
10 to 25 years
310.000yearly
Jan., 1900
1889 1808
Oct. 1. 1892
Dee. 1, 1898
1889 to 1902
1901 to 1910
Aug. 1, 1907
1888 to 1889
Oct. 1, 1889
Jan. 1, 1900
I
5
8A
6
t)
VuriouJ.
8
6
44
A
A
A
A
Town Treasury.
do
do
do
do
do
do
do
ft
5
sil
•
8
7
6
•
8
7
i
ft
Various
5
.100.000
7
558.000
100.000
150,000
400.000
7
41300
900300
93*300
7
7
J.
A J.
A N.
AO.
J. A J.
J. A J.
J. A J.
M A S
J A D
M.
A.
"e"
.->
ft
6
A"
Various
J.
7
7
7
1353,000
do
do
do
J.
7-3
7-3
7
7
7
do
do
do
do
do
City Treasury.
fsjftesM
A. A O
A J
1. A O
Jan.
J. A J
78
A J
7-3
J.
73
A
549,000
Hank
HolK>sen. Kir-t N..t
44
3
Jan.
Jan.
Jan.
do
J
J
8
8
7
7
6
3309,500
125300
600300
1300300
1--1
44
J.
J.
"e'
525300
1879
1880-1
A
A
A
A
A
A
J.
J.
J.
J.
"'a'
3329.000
1875--76
Various
Various
6
3 T«
984,000
—
I
J.
A O.
AD.
A N.
A J.
4.
100300
109300
I.000
1871
Old J.C b-d*(»3Oe.000. Not. 1 'S9.la.aiX.) .ear 1864-'6S
1,000
Bads** CUT b«*d* (85O.0OU da* Jalr 1. '89)r 1309--70
yfi PJob .000 da* J*y l.'Wi.r l-.i- -7U l.OOOAc
»wl »
.--.I
8ms PIs^P** »•*•** w T OjamaSmal a U"J)|aCasl •«•••.
1889
1885
nan
4
a
I
800.000
300,000
300.000
300,000
500
.<»*•>
M.
P.
326300
1,000
1.000
1.000
1.000
1
A.
J.
5 if-
500
l-7l»
7
7
3V4
150,000
1300
1878
1,600
1871 to -74 500 Ae
Varluil-
7
271300
I.660
1.000
1.000
1.000
1.000
Various
Various
7
N. Y.. Coffin
A A
A D
A A
A D
7
7
151.500
837.000
t*S.281
261.000
45.000
500 Ae
J.
p avalbin
vnoi
om.
A.
N.
Various
Various
7
7
34 Al
180300
Ae.
Ae.
M.
3>s
4
4
60300
1,000
>
<
1349.400
500.000
857.000
500.000
300.000
1300.000
1390.000
A
A
A
J.
P.
P.
J.
P.
J.
A
4
5
r
8. 1,
7
6A7
256.000
675,000
350.000
720,000
400.000
180.000
48.000
600,000
450.000
100,000
1.1**)
W. W.
4
7A
1.000
1.000
1.000
1.600
187S
ls-7
Municipal*
S,000or8 ,50Odue>'ly)..
2.0004*
1-71 2*78
loan (#300.000 doe July 1
1.000
0.0OO4pereeotsere 10-COs r
1888-6
l.«>oo
sjlswm. Tar. -Limited debt bds. isk'g (d. 3 %) 1877-8-9 100 Ae.
do
sinking fond
do
100 Ae.
41*
3>s
Priucliial-When
sTaan
payable
4>s
4 to 7
5-27.700
e
e
K:ite.
(!)
1300
e
do
(841)9,000 are fold)
do
(660,000 ate 5s)
do
do
do
(sewer)
Water loan
217.000
liH.500
250.000
100.000
470,000
51.000
1.000
1,000
1.000
387
hUi Bittr. Mas*. -City notes
City bonds.
1326300
1.000
1.000
1.000
1.000
1.000
1.000
lSTS-^
1877
1-76
1881
1868 *• "73
I860 to '73
1874 to "78
1887
1--7
l—Series A. fund, debt loan.
1-87
do
do
1—7
do
do
8238,000
160.000
210.000
INTEREST.
When
.;
f.'a'a.
J.
A
D.
1
o.
Jan. A Apr. 1.1894
Jan. 1,1889 to '10
Jan. 1, 1897
City Treasury.
W. Y.. WlBslow, L. A Co.
do
do
do
do
do
do
July 1, 1893
do
July 1, 1898
do
Julv 1, 1894
do
July 1, 1895
do
Jan. 1, 1899
N. Y.. Mereh. Kx. N. Bank Jan., 1891 to 1109
do
do
1889 to 1913
do
do
Feb. 1, 1913
do
do
July 1, 1918
do
do
1891 to 1906
do
June 8, 1900
do
do
do
May 1, 1897
do
do
Nov.. 1889-1890
dO
dO
July 1.1889 A1900
do
do
Jan.. '98 A 1900
do
do
July 1, 1889
do
de
May 1. 1890
do
do
1905-1906
Demand.
N. Y.. MerchT Ex.Nst. B'k.
Feb. 1, 1909
do
1910-1911
do
April 1, 1904
Vail skiver, .Haas.—Total funded debt, Jan. 1, 1888, 81,901,741;
•boat SO per cent of tr
Population la 1870. 12333
In 1880. deduot water debt, 61,70030 i.aadstuklug fuu.U, f .090.2 Jj; net debt,
it 45,000. sinking londJai
fund Jan. 1. 1888.
32.400: In 1887 (ssttmated),
111. 411. Pop. In 1885, 66363(48361 to -80; 26,766 In '70. ValuaUon
SI.
ammmtad to 818.450. There 1* a levy for stoking
Inking fun t ea.-u year, and
1885, •43315.275; In 1888. valuation, *49,477.285; tax rate 617 40.
la 1887 6170.000 bonds were tedeemed.
Kllehburg, lass. -Populatloa 12.270 la 188 >: 1 1,260 la 1870.
t as sas ud valuation of real estate (-about cash value) In 1888,88.422.Detroit, Hlek.-Total funded debt July 1. 1888. was 62.770300
675: personalty, »i
ag rate, 18 2 J per 61.000; In 1888, real.
•rater works. 81376,000 ; suet* of sinking fund. 6731372
peraoaal. 83.147.838 tax rat->. 817-80.
89314.805:
sat debt. 8660,128. There are 610.000 Hoojm of Correction iwn.ls
(Galveston, Texas.— Assessed value of real and personal property
6ae 1868. The population to 1870 was 79377; to '80. 116340
about SO i>cr oent true value). 1888, 820363,883; tax rate per #1,000,
rhe value of water works U about 83,500.00
to 1883. 13O.O0O
The water works bonds are issued on a pledge of Ik* city eredlt. and J11700 (of which 82 for sohooU). 1885, valuation. 818,588,196; tax
rate
81100. Population in 1870, 13.8)2; In 1888,22.218, 1888, esti878300 per year collected la taxes to pay Interest on them. Populaitoa la 1886 about 178.000. Valuations (based oa tree value) and lax mated. 40.000.
Hartford,
Coan.-Total city debt. April 1, 1889. 83301,882; net,
rate have heea:
Total.
Tax Bate. after dodnntflig resource*, 81.903,289; net town dobu, Oct. 1, 1887,
Assessed
61.191346.
valuation in 1888, 315.700,000; to 1885, 645,1864
883,793,115
827,028360
81144
8110.721.995
i-uletiou. 42,553 In I881); 37.743 In 1870.
100320391
1886
33.427380
10 82
'^BBbbSMO
Hoboken,
J.
-The
fuuded debt May, 1898, was 61,158,350. of
II.
3«. '-0,010
inn
142.1
Kllsabeih, R, j, -Default was made In Interest February 1. 1879 will >h 891.500 was water debt; sinking fun i, 65,491. Assessed valuation*
In
1884:
Personal,
81.343.941
real estate, 314,672,700; tax rate
A proposition la Issue 4 per cent beads at 80 per osat of the face value
Perof eM hoads was made, and a eoamaareble smoset of the new bonds per 81.000, 6J3-50; population. 3.1,009. Valoatious in 1887-8
140-,
realeitate,6l5.873,0X>.
Tax rate to '86 7, 627-00.
A wi m pre mlsa with large holders of old bond* vu
Hoi yoke. .nana. - Total net debt. 8764300. Valuation, 1885, 318,nnadlusted debt was greatl j reduced, and
to 1888, by which
toss will p ro bably I te funded, at only some 3400,000 remained 135.525; tax rate, 617-20. Valnatlon In 1837, 618.122.180; tax rata,
817-00. Population. 21,915 In 1880; 10,733 in 1870; 33,000 In 1887.
anted la November. 1888. 1
1 valuations and tax rate per
Indianapolis. -Total bonded debt Jsn. 1, 1893, 61,403.000. The
> have heaa as totte
la 1881, 61"
rate, 831-20; four
later, to 1886. 612,628,710, rate, 6
--7. 813307,293, School Board 1* a dlstlnot organlxat'u and levies Its own tax (62 20 for
which Is Included In tax rates. There are a fow other small isenea
1884),
18887812.991,000; rats
Population, I860,
amounting to 850*000. Population. 75,036 In 1880; 43.244 to 1870.
to 1886 to be 32,000. (V. 44, p.
r
Valuation
(on* half real value) and tax per 61,000 have been
.p. 60.)
Real Estate.
Personalty.
Total.
Total Tax.
here was default to payment of Interest from Years.
1883
639,335.860
613.792.290
653,128.150
Apni.
la 1887 the old debt was nearly all funded Into the several
611-90
ip
40.149.950
13301.050
12-20
54.041.600
tomes of k ea d i above atvea.
1.
;
1
1
:
;
:
1
'
m
mi
Years
Keel Estate.
Personalty.
Tax.
1884
618327.090
66319.8*)
910 o.
81681300
•«>
13.1 1.0O0
86*1
2,141,003
-{V. 43,
p.
13.666,645
-1.693
807; V. 44, p. 338
6,66838ft
6.239.810
V.45,plW.)
18
M
l>. -.t
1387
33,765,815
14,719,703
Jersey City.—One
5J.485.620
11-20
of the main causes of past tronnle tn jersey City
finances has been the failure to ooUeot back assessments and the large
amount of railroad property exempt from taxation, but RR. pr*i *y
la
now
bearing a (hare of the taxation.
.. .
:
INVESTORS'
io
SUPPLEMENT.
Date of
Size or
Amount
Bonds.
par
outstanding.
o
Value.
For explanations nee notes on first page of tables
Kama*
Cily,
4fo— Renewal bonds ($50,000
Funding bonds,
series
Floating debt l«ind»
1875 to '81
1873
1875
18" A' 77
$500 Ac
1884
1862 to '75 50O0Ao.
1881 to '87 lOOOAo.
1873-*75 500 Ac
6s)
"B"
Ballroad bonds
Lawrence, XaMt.—Sewer loan
Funded debt
do
Water loan
Various. Various,
Lm>g Iitand City- General bonds
1883-*86
500
lax or revenue bonds
'89)
due
to '67
1,000
1859
works
($187,000
LmtitvUle, A'v— Water
1866to*67 1,000
For improvement of streets
500 Ac.
1883
For municipal Improvement
1873
1,000
Re-eoust meting street
—
Pub.bldg8.AlnstnB.$122,000or91,pa.atS.F.of, 1871 to '73
1,000
1,000
1,000
do
1,000
Elizabeth A P. Psllroad
1,000
1898)
1802,
3,
8
due
May
14,
Wharf property ($124,000
1869
1,000
Jail bords
1869
1,000
For old liabilities
1,000
$119,000 of 1901,paatS.F.of. 1871 A '74
do
do
1886
1,000
do
do
1880
1,000
(half are 10-40 and half 20-40)
do
do
Line
KB
1871
1,000
4
L.
Air
St.
Louisville, New Albany
1871 A '73
1,000
Roadbed, Lonlsv., ('in. * Lex. RR
Nash.
RR..
1863
1,000
Loulsv.
A
City bonds pavahle by
t "/•(•'«, X ass.— city notes (various purposes) . 1862 to '84 Large,
1882-93
1,000
bridge bonds
1871 to '85 Large.
Water notes
1870
1,000
Water bonds
1883 A 85
Sinking fund
1870
L mn, Jfa«.— Water note
Water bonds ($70,000 48,1838, due July,1918) Various
Various
500 Ac.
Municipal loan
Various
1,000
School Houses ($2,000 paid yearly)
1884
1,000
Engine House and sewer bonds
1869-'85
Mawnrjiicr, If. if.— City bonds
1872-'74
100 Ac.
s/ater bonds
100 Ac.
:
1881
Bridge bonds
1877
1,000
Memphis, Term.— f'Uppen oomp. b'ds, stamped.c
1883
1,000
New tax dlst. bonus, 6 p. o. after Jan., 1889..
New taxdist
i"861
500 Ac.
Milwaukee, Wit. -Re-ad)nst. bds. (drawn at par)
1871
1,000
General city bonds (drawn at par)
(not liable to bo called in)
1876
1,000
do
do
(drawn at par)
1885-86-8S
do
do
1882-'83
1,000
Bridge bonds (drawn at par)
1872
1,000
Water bds., $240,000duel903,dr'n at lOO.oAr
1883-'4(>7
coupoi' (drawn at par)
do
1870 to '75 500 Ac.
Minneapolis, 31 inn. City jonds
1871 to '81 500 Ac.
City bonds (only $40,000 6s— due in 1899).
1,000
do
($366,000 due 1912 are red. 1902) 1881 to '85
1886-7-8
30-year bonds
1,000
do
500
1881
UobUe— Fdg. bds.,dr'natl00(4p.c. to Jan. 1901
NaskvUlc.—City bds.($25,000,due 1901) MAN c 1870 to '87 100 Ac.
Sewer bonds
1868
1871
1868 A '73
„
,
—
Bonds
o*
Municipal Bridge bonds
1885
Waterworks($50,000 due yearly after 1906)0'
Waterworks <$300,000duo 1918)
1887 A '88
*..
Newark— Floating debt, Ac, sinking fund
1866 A '71
Publlosohool bonds, sinking fund
1868 to '87
Clinton Hill bonds (s. fd. 3 p. o.)
oAr
1875
Corporate bonds, sinking fund
oAr 1878-'80
Sewer and improvement b'ds (looal liens) s. f
Aaueduct Board bonds($2,490,000 due in '92)
Tax arrearage bonds, sinking fund
sinking fund
do
do
Funded debt bonds, sinking fund
Annexation and City tax, siuktug fund
Intercepting Sewer bonds
Kew Bedford,
liast.—Cily Improve, (part
s. f.)
Water bond*
do
($100,000 4s due 1894)
Sewer and Bridge bonds (part sinking fund)
New Brunswick,
ff,
J.
—
1873-1987
1867-'86
1,000
'""*
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1879 to '85
1886 A '87
1885
1886
1888
1,000
1875-87 Various.
1867 to '76 1,000
187f>
A '84
1881-'87
.
5,000
1,000
1st & 2d mort. water works bonds
1967-69
Water b'ds. of •64,'73, 74 ($10,000 only are 6s) 1864-1874
City improvement bonds
1«73
Sinking fund bonds
1881-82
(890,000
250,000
142,500
248,000
300,000
354,000
225.000
1,300,000
911,500
43-1,500
686,000
190.000
1,500,000
600,000
519,000
81,000
423,000
998,000
140,000
133,000
51,000
513,000
500,000
1,000,000
472,000
350,000
333,000
737,500
402,500
534,000
1,300.000
12(1,050
do
1882-85
180.000
163,500
40,000
47,000
52,000
500
500
Dec 1, 1887. city liabilities were: For general debt, $5,727,083
assessment debt. $5,373,500; temporary loans, $305,000;
State and
county. $l.;93,O60; making, with other items, $15,614,820, and water
debt additional, $1,9)9,000. Resouroes: caih. $183,557; bonds in Btnkng fund, $326,399; unpaid taxes, $5,652,812; imp it i assessments,
$2,849,261; oity property, $1,426,500; with other items, total assets.
$11,334,828. Population in J880, 120,722, against 82,546 In '70;
In 1885, 155,300. Valuations and tax rate per $1,000 have been
Years.
Real Estate.
Personal Prop.
Tax Rate.
1884
$61,571,512
$1,564,683
$32 80
1886
61,994,739
4,935,200
29 40
1887
63,981,430
4.933.650
1888..
64.089.305
4,971,420
29 80
Value of railroad property, not Included above, $25,000,000, whioh is
ubteot to a tax rate of 1 per oent for oity purposes. (V. 46, p 815 )
Kaunas Oity, Wo. -Total funded debt July 1, 1883, $1,045,121.
deducting sinning fund assots, net debt, $700,121. In 1885 assessed
valuation was $31,678,520 and tax rate 15 mills. In 1896 real estate
valuation was $30,833,550; personal, Ac, $9,553,240; tax rate nor
$1
000, $14 00. In 1838 real estate valuation, *44,96l,120; personal
»13,'21h,h2o; merchants' tax, $3,669,830; tax rate, 81100.
Assessed
dm
valuation
is
one-third the real.
Lawrence, Maes. —Total
vauaiWi^Ji
16
90
f2LEZi
'V
;
dobt, Jan. 1. 1838, $2,179,000.
Sinking
Vft lua
n n '8^*27,144.050; tax rate, 16-60; l5
.
V2
.i.
rBte
18
40; ln 87 *-!8,427.i23;tax rate, 17-80.
**?
l
,,wU of real VAl " e - Pop ' la 1884
/**
'
ImooTmumjuvwOT»i'to^.
U,
hi,Vo l
"T
,,,e ,_Tlie
.
f *! naea
aebt Jftn x > !888, exclusive of loans paya'
-
8 8™' 000 <* 8 85-0°<>
™,er works), against
MtS'^MO 'Tin' T^af
8 7^
»l">tlng funds on Jan,4, 183
amounted
'<»•
m
3,
to't»3"03?7m> PnJ. ?ftt;, n
"Iby 0en8U8 of 87 wa
°
* 100.753, against
^
758 In IS80
°i
lg ng '} T e
e
the
asse<«ed
property
valuation" i^o «™n9
1
l S&
7 02 ''7
24 of( whloh
$52,269,631 was realty; in
l5»i «i"Voo-o-J~* .°' "«*,
in 1830. valuation. $(51,405,515,
$21
00;
r,'j£
ta*Tra^ i%V(Si
3
* itf 49 «' 697 Phonal pro P
e.tv"$6. 3 55 r?o'. '"ax'rateteo
K
™"
.
'
"^
:
'
:
6,
7A8
When
Where Payable and by
Payable
Whom.
Semlan dew York, Ninth
J.
4
J.
6
Various
Various
4
6
6A7
5 A6
A.
A
A
A
J.
J.
O.
(1
Nat.
•
Principal— When
Due.
Bank !895to'98A190J
do
do
do
do
3emi-an
8
8
7
do
Lawrence or Boston,
Boston, Tremont Bank.
Lawrence, Mais.
do
do
May 1, 1893
Aug. 15, 1895
1890 A '97
July, 1904
1890-1894
1891-951902
Oct. 1, '90. to 1906
In instalments.
Various
N. Y. City A L. I. City.
1889 to 1903
do
Various
do
1889 A 1897
Various N. Y., Bank of America.
6
1896
A 1897
Various Louisville Sink. FundOllioe.
6
1923
4
J. A J. New York, U. 8. Nat. Bank.
July
1, 1903
N. Y., Bank of America.
J. A J.
7
do
Various
do
1891, '92 A 1903
7
July, 1898
6
J. A J. Louisville Sink. Fund Office.
June, 1901
N. Y., Bank of America.
7
J. A D.
Jan. 1, 1903
Various
do
do
7
Various Louisville and New York. Deo. 1,1888 to "98
6
Oct. 1, 1898
A. A O. Louisville Slak.Fund.Offlce
6
June 1, 1889
do
do
J. A D.
6
1 Mill A 1901
Various N. Y. Bank of Amerioa.
7
Feb. 1. 1911
F. A A. N. Y., Nat. Bk. of RepubUo.
5
May 1, 1920
M. A N. N. Y., Bank of Amerioa.
6
Sept., 1891
do
do
M. A 8.
7
July, 1901 A 1903
do
do
J. A J.
7
1893
Various New York and Louisville.
6
1888 t» 1894
City Treasury.
4 toe's Various
1889 to 1903
do
Various
4
Dee.,1888to 1911
City Treasury.
31*106810 Various
Nov. 1, 1890
M. A N. Boston, Bank of Redemp'n
6
1888 to 1895
313&4 Various
Deo. 1. 1890
City Treasury.
.
6
1891-1918
Boston, Bank Republic
3»« to 6 J. A J.
IS 90-1 89 7
do
do
Various
5 A6
1868-1897
3'« A 4 Various CityTreas'ry A Bk. Repub.
Nov. 1, '99-1907
do
3>« A4 Various
do
1893 to 1911
4 A 6 Various City Treasury A Boston.
1890 to 1907
City
Treasury.
A
4 A6 J.
J.
July 1, 1911
do
4
J. A J.
1907
4-6
J. A J. N. Y., Chemical Bk. A Momp
1913
do
do
4-6s
J. A J.
1915
do
do
6
J. A J.
June 1, 1891
5
J. A D. Mil.A N.Y., Morton B. A Co
Jan.
1, 1901
do
do
J. A J.
7
June 1, 1896
do
do
7
J. A D.
1905-7-8
Julyl,
do
do
4
J. A J.
July 1, 190a
do
do
4
J. A J.
Jan.
1,
1902A1903
do
do
7
J. A J.
1903-4-5-6-7
do
do
4
J. A J.
Various New York, Nat. Park Bank. Mav 1, 1889-1905
8
1893-1902
do
do
5,6,7 Various
1906 to 1915
do
do
Various
4-4>a
1916, 1917 A 1918
do
do
Various
4
Jan. 1, 1906
4 to 5 J. A J. N. Y., Am. Ex. Bk-,A Mobile
1889 to 1905
6
J. A J. New York and Nashville.
5>«
1905
A. A O.
Oct. 1, 1906
5
J. A J. N. Y., Chemical Nat. Bank.
do
do
6
M. A N.
1907 to 1915
New York A Nash.
1907 A 1918
J. A J.
4>t
Various Newark, City Treasury. Mar., 1891 A 1896
7
4>» A 7
do
do
1888 to 1892
7
J. A J. Newark, Nat. State Bank.
July 1, 1895
5 A6
Various
do
Aug., 1903 A 1910
do
7
do
4,6 A
M. A S.
do
1893 to 1909
do
4,4'ato7 Various
do
1892 to 19 16
F. A A.
do
July, 1889 to 1895
fi
do
do
July 1, 189o A '97
J. A J.
do
4»s
F. A A
do
5
do
Aug. 14, 1895
4
do
M. A S.
do
Mar. A July. 1906
Newark.
4
A. A O.
Apr. 10. 1908
City Treasury.
1891 to 1910
3H A 6 A. A O.
do
Ocr., 1889 to 1909
6 A7
A. A O.
100,000
297.HM)
595.000
91,500
285,500
285,000
600,000
60.000
747,000
1,541.200
952,000
30,000
170,000
98,000
598.000
127,000
1,183,000
1,309,000
595,500
422,000
2,195,000
2,000.000
2,264,500
1,083,700
200,000
80,000
450,000
468,000
556,000
581,000
400,000
1,200,000
2,5^8,000
3,497.000
1,114,000
172,000
232.000
284,000
620,000
363.000
460,000
200.000
4A5 A.
115.000 3>s,4A6 A.
,
do
INTEREST.
ra
Rate.
XLVII.
any error dUcovered In these Tables.
Subscribers will confer a great favor by glTlng Immediate noUee of
DESCRIPTION.
[Vol.
6
7
M.
M.
7
5
J.
A7
6
M.
,
A
do
do
0.
A 0.
A N.
A N.
A J.
A S.
FMAS
Oot. 1, '94 to
Oct. 1, '89 to
N. Y., Ninth Nat. Bank.
Bruns'k Nat. Bank, N. J.
N.
do
do
do
do
do
do
1904
1906
1892-1904
1, 1888-1900
1, 1889-92
Sept. 1, 1901-1902
1902-1903
Nov
Jau.
The net proceeds from the waterworks more than meets the annual
interest charge. Population, 32,630 In 1880 23,536 In 1870.
Memphis, Xenn.—Total funded debt M*y 31, 1893. $3,241,711,
The city defaulted on its Int. payments in '73, and the Legislature passed
a bill, Jan., '79, repealing the olty's charter, and the •' Taxing District of
Shelby County" was organized. Maroh 23, 1883, an aot was passed
authorizing a settlement of the debt, whioh has since been effected at an
average rate (Including capitalizations) of 60-53 per oent. Beginning
with Jul/, 1839, interest on the Kilppon stamped ant the now Tax District l-6s will oe paid at the rate of 6 per oent per annum.
In 1881
valuation of real aud personal property, $13,499,325; tax rate, $23 50.
;
Population in 1870. 40,226; in 1880, 33,592; lu 1834, 62,335.
Milwaukee, wis. --The oity oannot issue debt beyond 5 perot. of It*
average assessed valuation of real and personal property for live years. In
1884 valuation was $74,951,750; in 1835 real estate, $61,445,921 and personal, $17,415,445; in 1886, $92,641,743; in 1837, real estate, $69,962,865; personal, 19,009,315; aud taxrate. $17-50 per$1.00e. Total bouds
June 1, 1889. *3,079,500, ot whioh $2,569,-)O0 for water; sinking fund,
Jan., 1838; $389,065. Sinking funds are provided, and all old issues except the general bonds due 1896 may be oalled lu and paid by sinking
fund; holders were misled as this was not stated in the bonds. Population, 71,440 in 1870; ill 1887 (estimated), 180,000.
Minneapolis, Mlun.— Total funded debt March 1, '88, $1,824,500;
sinking fund, $328,323; tax valuation (about 63 2-3 percent) In 1838;
real estate $105,982,835, and personal $21,531,247— total, $127,497,132; in 1886 total valuation, $107,873,159; tat rate $20 6) to *22 50:
in 1985 total, $77,500,000; ln 1880, $28,013,315: tax rate, $1610.
Population. 4(1.997 In 1880; 170,000 (estimated) in 1883.
Mobile.— Valuation 01 real and personal property in 1833. $15,350,738; In 189 I, $13,578,347, ln 1885, $13,763,8 22; in 1837, real estate,
$8,154,489; personal. *5,235.822; and tax rate, $13 50 per $1,000.
Population 35,000 lu 1885: 31,297 In 1880: 32.034 in 1870.
Nashville, Tenn.— Total bonded Indebtedness Sept., 1837, was
$2,070,000; assessed valuation of all property in 1887 was 327,211,450;
tax rate per $1,000, $15; In 1881 valuation was $15:219,575. Population, 43,350 in '30: 25,865 in 1870.
Newark.—Total funded debt, excluding water debt, Deo. 31, 1837
.
November,
.
7
1
CITY
1888.]
:
SECURITIES.
11
Mubsrrtaere will confer a grant toTor »r giTlng; Immediate notice ot any error dleeowered In the— Tables.
INTEREST.
Principal— When
Date of
Amount
Size or
DESCRIPTION.
Wli.-tl
Where payable and by
due.
par
axwaBsSsttsa
•tatta
rni
MliimfcM»mi)niHi
i
i
11
mulrnf page o( tables.
X w JrransveicJ:. N. J.-< CoarMnsd.)
streets and Mirers
do
do
4-4, 10O
374. £.00
1871
1877
1888
Booda (10-20 b'ds) rcdawad to 4 p. c. In 1887.
Bewerage bde. (pey'le •16.000 y'rly from '95).
Boulv.rd wwrrb'oi tpey. »2ft.0fc0 from 1902)
Or eans Consolidated debt.
"
ied debi, extended
1.000
1.000
1.000
l.ooo
1.000
1,000
1—7
1852
l
ads
1884
..as to fond coupons, red. at 100
1894-75
I debt (all ex tended except 82 8,000)..
1809
Fending loan of 186* (6*7.150 eat. te 1988).
f uu.ua* loan of 1870 ($23300 ext. to 15*22).
1870
Fack bonds (rtiort. on parks)
11871 A 'S4
Jefferson City ldebtasauiue.li.-xicn.rd
Other old bonds ium stlj n. to 1-22
bonds i«k0 0ou>X*»
Hew f undiug
far*— armory bonds
aatasnienl bonds
assasasasnt fund itoekAddUaonal newCruton A.iueductstock
Graton water stock.
AddtAtmial Croton water stock
.
isMto'sa
Me
1871*0*8
Crt'iou
do
1MB
I
do
(Sty
Asylum
Cu> paras Improvement lund stack
I
oounty
ld.i.,1 stuek,
do
do
do
*.
c.
A
1x71
r.
Ar.,1871
700vBM
8385300
A
4,25 230U
«mj300
6
K
k
'.
6.I.4TO.I
.v
LA at).
do
do
da
1358349
5
956. 100
4
uscum
»t Art)
8
3
3l»7
ftrePeasu
Oansevoort Market sons, stock, rar. bonds.
Market „t... x
Museums of Art and Natural HUtory •toeaV il
?..r ...ust of bridge or Harlan
Y Bridge bonds
do do uBKoLftlork. rraleeax. attar T»6. .
«/ 1
do do ».
'<»3, •416,666 af.
do
Klu
Iiai
Normal school
BOO
450.O0U
29U.UO0
6
4,
49B3BB
.
1
t.921.900
6
5
A M
6
13564'
1.O0U.I
Km
500
auo
500
B86
500
1171 U'
i- ha ass bands
1-7.
star stock otasaamaM
.st ,,r annatea,
i.. at Westohestsr Co
Cans, stuak. Imp pSjlasJBBOdae Mot. 1. IBIS.. 1887 A '88
i
I
I .-.«S>I
ft
475300
6
Baa
S
6
7
7
7
M.
*.«
M.
M
M.
1905
19B8
1926
1, 1928
Nov. 1, ls»o
47
•
i
•
Not. 1,1891
Niv. 1. 1890
Not. 1, 1890
Nov. 1, 1903
N.
M A N
l»«8Ui2147
Varionj
M. 4 N.
S
1,
1,
Aug.,'94 ANor. '97
Not., 1 8-9-90
N
\ '97
N
N.
A
1,
Nov. 1,1891
Not. 1, 1889- "98
Dee. I, 1891
Not. 1, 18vl
N
.V
1903
1,
May
May
May
M. AN.,
M. A N.I
7
^isi
May
Nov 1,1891
A N
A N.
A
A
4 1910
1.
Not.
MAN
M. A N
• i
f
ML
N.
N.
A N
luu
bounty
46
N
N.
N.
1
Nov. 1.-89. *97'B9
Aug., 1-94
Nov. I, 1910
Mot. 1, 1906-1908
Nov. 1, 1U01-1918
Not. 1.1903-1913
Not. 1.1899
Mot. I. 1907 A '9
May 1.1894 4 97
MA
MA N.
6
stcbeeter ta. latprutenw at bonds,
at building fund stock
500
1O0
-N
.*
19.
1, 1V0O
1-90
18Bl.'BB4T'190a
Oct. 1. 1933
Oat. 1, 1901, V>4 7
Not. 1, 19OO-1906
Aug. 1, 1907
July 1, 1898
June 1, 1895
Nov. 1, 1MS9A '93
1900 4 1926
Not. 1,1- 16
Aug. 1,1 --.1
1901-1904
July I. 1901
July 1, 1901
July 1. 190i
Jan. 1, 1902
Nov. 1, 1896
Not. 1, 1928
Nut. 1, 1894
Deo. 1. 1896
Deo. 1, 1896
May 1.1916,4 26
MAN.
7
•
nty fund bonds
...'
l»o.,
Feb.
N.
A
A
A
A
1,
Aug.
N.
M.
M.
4,5.847 M.
4
200.000
1.053
'•
r
July
1
M.
L,16B3wB
30O30O
6 M.
A5
3,4
6
I
fu:
A
1
.
1
A7
ft
M
1923
NOT. l.lx-H to '92
MANN
MA
M. A N.
M.
M.
M.
8
3
958300
.
S!«
3
521304
4
4
Aug. lo.'94.o4.'07
A M
:.
4
l-o.ixxi
13353.000
I OUI
.
A
1922
1922
4 1923
1923
1892 to 1923
1H18
1894 A 1900
1891 10 1903
iinij to 1906
189!)
A N
7
J. A Ii
7
J. A Ii.
A6 MAN
M A N
t
2300.000
a.4.-.
;
'22
1
B
47
1
When drawn.
-F.
5g.
6g.
6,900.000
.
1x9ft
Feb. 1904
M 1 N
6 Ml
MA* NN.
5.6 A 7
A J
6g.
4 J.
A J
b|
A J.
•I,"
...
June
««•
4.799300
to '86
A "72
"72
A
4
Mar. 1894
AN
A6
8
5, 6A7 M A
5 A6 M. A
1, 1:1..
Jan. 1.1893
18im to 1923
I
5
701,419
-20.000
Oily
tlty ill
Jane
J.
6
20.000
1
count/ (A stV.
u AC)
J
1
city
li pka. Hope, fd.
t
do
do
do
do
do
do
do
do
do
do
do
34lo6.7 M. A N
3.34 A. A
3,34 A. A O.
i.:..ii.v: kf. A N
7.977A15
I
dock
i*in
dusk ixuds...
red.aft.lBoV..
Orleans,
AJ.
M.
5
4
B744BM
1H7«
IBs* to TO
e. air..
189.1 to
ranswj
8
7-3
1.7116.000
leva*.. 6667303 red. aft.'90, 11876 to "80
do
stock icons, at'ki
Its pr.
Conso
5.11)6.000
loo
1-.,.;
City
;.<io
ami
1866 to *6
1666 toll
Cvntral
New
'1)141901
1.
July 2, 1897
1904
Dec. 1902 to 1908
Jan. 1, 1892
l»i2 4 1023
do
do
A J
A J.
1.4.'. BM
S
M. A N.I
4o<.:i.uuo
3. 3 4
M. A N.
4.5.6 A
M. A
1 .331300
5, 6 47 M A N
5
*6
q.-F
321.400
6.3O9.OU0
445.000
1B.500.000
UHw«l
after 11)13.
aaan.
Oct.
do
sT-J
1H72 I..-77
1847 to -52
.
Additional wsteraiock. rod'ai
ual Water
5O0
LSMto'M
City Treasurer,
Various
A
1905-1 906
May. 1897.
1894- 1898
18u8-19o6
do
do
do
j.
J.
6
5
rtiftwB
18S4 ot-88
Nat Bank N.J
I
5 A6 J.
6 to 8
5 or leas J.
75.000
800.00B
129.000
1886
sTsss
6
III
A
....
6
246.313
"74
JTssravrl. A„ -Bonds alSljOO only, due 1S94 ..1870
1 1*. 00,000 fur water w'ks, 1901 to 1903)|t871 to TT4
Renewal JO-yr lHinds. (20.000 are ft-20s
1866*83*64
Bridge bonds
6
BMOO
Bruns'k
a a
A J
Various
6
A7 M. A 8.
A7 J. A D
A7 i. A J.
5
7346,660
.
Various
Various
6
6
397.000
567.7M)
375.760
2l".OuO
41.500
1,000
'
3>a
3««
1.-M.O..U
3,048.000
1857 to "73
1888
11)«3)..
Jt
4
1,989.778
1857
1875
1880
}
Ptaaumm bonda iiu exchange f..r other bonds)
Water Works t*72. 400 extended t« Jan 19241
7
150.000
150,000
175.000
1.041, I4fl
ib<
A J.
M. AN.
A N.
A. A O.
J. A J.
r. a a.
J. 4 1)
J.
6
486308
Whom.
ptvaaai
6
5
7
124306
45308
967
Xm» Hare*. Conn.—Sewerage
f»
500
1885-86
Blnkln*tund bonds
do
do
Oommlaakmtn of
•am
VsatVa.
Not. 1,1908
A '18
87.379.000: the temporary debt was #1. 793328; soil the sinking
ash. rest lama* and hands at
.
1 aawtiated to «2.72«3uti
par. niostly innee of the city itsrifi. The AQurdact bonds are not
the
city.
Kent
and
direct
latultty
-f
personal
property have beea asa
sessed stabowt two-tbinls of true value aa fellows: 1884. real estate.
B72.456.775. uerauiial. » 18. 524.775-. tax rate per 81.000. B20 30; 1885.
real estate. #74.189.1 IO; aalVuoal.B18.73o.160-. tax rate. B19 30. lu
1387 total valuation was S'.i ..o "i.ft '..». and la. rate. 820 20. Population la 1870. lOft.o in. against 136.508 la I88O, and 155.000 In
real and per-ooal. la '80. 691.117.918: tax rata p-r * 1,000. «1A 20
•- :! 1. Ui rat* 628 IO] in 'ML BIS! 7 :,.<:>.l. taxrate
iu •-•.. »u
620-20; In 1888, 8l37.00<)300. tax ..to |.M
(oily .-xixiuvu tax
rl<; premium hand tax, B->; redemption intarear, Ac., *•; oarv bond
tax.Bv-JO) A sa l ents for set tl n ut Uiede.t by a Uoml premium drnwtng
ptaa tela practice, and drawings take place Jan. 31. Apr 18, July jl
and Oct, 15 Population lo 18-0. 216.000. < V. 47. p, 60, 170, 472.)
Newport, tty. -Total fuu.l
vasBl,U7l.n
wblah ai O.OXlii was wa
nklug fnud a--
rd, Tfaas. -Pi.piilailon. 33,000 In H8«; 21.320 In
valuations In 1887 wrre _reel
rea" nstate. •17.372.nou; perIn 1886 were real e.
•oaal prnprny. fi5.3<)9.694; tax r*te. »17 1
115,416.896; lax r*te, $16 per »l,000.
oavvlrk, n
re are also •14.900 5s. due Oct. 1.
.1
Bisal year ends Mar.
in
1888 toe assessed
valuation let
"rue vslw-i of real estate taxable was 843 i4.06i
O per al.oo-j. Hou.la held by sink
tag fund Mar
Uj»Ii3.0vo. Tae otty doanrea are
now under ab
and the actual aet debt
'.•S'll.g
statemrni was as follow* f.,r lour yearIn
'king funds. B1.561.10U; In 1886,
»;.:.'. in
182 ta 1888. t
n-l fands, B156.1&9.
New Hat
Population In 1870.
• If
tted vaiuat'u (about 80 per cent of value)
• lu. 7 49. Aaseeactl valustioa (about lw»
peraoaal ;.r..
Ul.r.al at
0,62000 per •l.Oi) 1. popolatwii
0O0.
I
I
1.
1
1.
:
1.
M
i
I
•
in
I
:
:
1.224
1308
4334M30I
1867...
BriX
1»87,
Vorkt City.— The followltig statement suowa the details of
funded debt and die amount In tue city atnktug fund at the dates
naoi'.l
I
>
-
:
r
-
i-t
Jan. 1.1886.
ii
Total funded debt
•l2ft.47ft.J4u
Jan.
1.
1887
?
Jan.
•!
86413314
Sinking funii
Net funded debt
Revenue bonds
689,361.420
3,670,525
1888
1.
J128.2'.
.±A 4
•84,777,266
5,618,368
•88.743335
.
.
-
1- .11
,..ltv
lu
New
,
1
!-*-"'-
tiilo
,
Rau-
Tax. Tot. frht
of
Iiiim
11
HO
11
00
1.000
xk»- K.I-
miMf7*Bll
»i
799,000
*)
1
If
,v.
Total net debt
693,031,951
6D0.395,U34
|
The population of New Yo. k. by the U. 3. Osusiu. lu 1870 «
Bjtft,aMa33BV>3 "80. Jan. 1. '65, and since Jan. .'72. the vu aat...n rate
of taxation, and not fumled daut at end of year bare iieen .ie tail >Wa
Personal
Tax p. « 1,000
Baal
Mot Debt.
Vearn.
i.-t.te.
btate City.
Das. 81*
1.171
34-Jii«24 14
*3.,I73.SI7
; 94 '.4JJ
ft JO
23 SI
2J 72
117,706.741
•
|6J|
'..i
l
...
W
l as sws
..
1
Ll
.
I
.1.1.1,
TM8a
, las»3
Jl
U
22 37
Jii 31 w
I
ftt iBU
i.);:.,«i«.j
•
*
Lets sinking (and.
I
Annexed luwu>
lnoluded.
4l )
10w36«ri8S
. ).
:
INVESTORS'
13
—wrtbar. wUl
conftr a great favor by
DESCRIPTION.
:
;
SUPPLEMENT.
gMmr Immediate notice of
Date of
Amount
liomlH.
outstanding.
Va.— Coup, bonds ($413,400 due 1914)
Coupon bonds of 1881
sxasrsssrr^SStili'
Trust and paving, ooup. ($189,300 due J 893).
n
U
ls\ Swate r4bVk8'(^wb6d'due"May,19'o'i)e
Omaha, Meb.—U. P. Bridge and Depot bonds...
Bonds ($66,100 are 7s, due Nov., 1900) .......
New bol/$25,000 due yearly, 1889 to '97 Inol,
Funding and Sewer bonds
Sewer bonds
1870-'84
1881-'86
1872'73
1887
1871
18(59
1880-'83
1888
1882--87
1886
falerton.N J.-^icliooi Ms ($6,000 are 4>as, A AO)
»«~1 debt bonds, $5,000 due yearly
5s>
Sewer b'ds ($214,000 areJ. AD. A $90,500
Sewer appr. bds., $11,000 due y'rly f r. 19O0.
yearly)
due
$20,500
(about
bonds
War bounty
Renewal bonds, "B," "C," "D " "E" and "F".
Park bonds, payable yearly after 1907
ftoria. lilt.—School loan
1859-'86
1871
1869-'82
1,000
500
500
500
1887
1864-'85
1877--87
1888
"SOO
500
500
Refunding
Philadelphia— Consolidated
- •-•
•
olty loan
......
1855
for railroad stock subsidy subscrlpt'ns
1855 to '71
for water works
to '70
1859
for bridges
1868 to '70
do for park and Centennial
1862
to 65
purposes
bounty
do for war and
1860 to '70
do municipal, school, sewer, Ao. .
1868to'74
loans,$98O,200due'99...
Guarant'd debt, gas
7
1879
Fourp.o.lo'n("H' -"Y")$400.000,dueyly.af.'89
oAr 1868 to '74
Pilttbura— Water erten. loan
1878
r
Water loan
1845 to '72
Funded debt and other munioipal bonds
1863
oftr
Compromise railroad bonds
Bonds
do
do
1882-'g3
Funded debt imp. bds(77,OOOonlyduel912jcAr
1885
cAr
Improv. bonds (Aot of May 9 '79)
1869-'70
RR
Lawrence
fortland. Me.— Loan to Atl. A St.
1872
Loan to Portland A Rochester Railroad
do Portland A Ogdensburg
Municipal— proper and notes
Funding loan (redeemable July, 1902)
oAr
Providence, K. 2.— War loan bonds
Watsr loan bonds, gd. ($1,777,000 are 5s, op.)
oAr
do
do
oAr
gold coupon
do
do
oAr
City Hall A sewer loan b'ds, sterling
oAr
loanofl879
do
r
Publiolmp. loan ($450,000 due 1899)
Frov. A Springfield RR bonds, guaranteed..
r
New High School Building certificates
1872
1867-79
1887
1863
1872-74
1876
1836
1875
1879
1879
1872
1879
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
50 Ac.
25 Ac.
100 Ac.
25 Ao.
500 Ao.
100 Ao.
100 Ao
100 Ao.
1,000
500 Ac.
1,000
500 Ao.
1,000
1000&0.
1000&C.
1000&C.
1,000
£100
lOOOAe.
Large.
1,000
Various
1887-88 Various
1866 to '77
1870
r 1886 A '88
cAr
Special Highway loan
Quiney, III.— Bonds
Miss. A Mo. KR
Bonds ($184,000, due 1908
r
int. July 1)
UicAm'md, To.— Bonds
Bonds, reg. and coup. ($213,500 are coup.)...
fives,
r
10-34 years
r
Bonds ($276,000 due 1920)
1872
JV. T.—To Genesee Valley Railroad
To Roch. A State L. and R. N. A P. Railroads 1872 to '74
due
1902)
1872
to '75
Improvements
($335,000
For city
1873 to '76
Waterworks loan, coupon and registered
1875
Funding loan
1882
Consol loan
1885
Local improvement funding loan
Bt.Louis— Renewal bonds ($ 1 00.000 only are 7s. 1868 to '79
Rochester,
.
.
Ben'w'l bds, $472,000, '95; $100,000. '98
do $A£ ($548,000 10-20s, Int J. AD.)
do
do
do
INTEREST.
Where Payable and by
Principal— When
Due.
Whom.
Pay'ble
Various Bait., Brown A Lo'sANor. July, '94 to 1914
6
$860,?00
1911 to 1916
do
do
A. AO.
5
660,000
Apr.,'92,July,'93
do
A.
AO.
do
290,800
8
Sept. 1, 1917
Norfolk.
M. AB.
5
37,500
1901.1914A1915
M. AN. New York and Norfolk.
640,000
5 A8
Oct., 1889
A. AO.
N. Y.,Chem. Bank.
10
162,850
1900tolK03
Bros,
Kountze
Various
6 A7
266,K
July, 1889 to '97
do
Seml-au
do
242,000
6
1902-1907
do
do
Various
5
877,000
Aug., 1906
do
do
F. A A.
100,000
4>fl
1888-1904
Treasurer.
City
Hall,
by
£4,000 4>s A 7 J.
1888 to 1900
do
do
J. AD.
65.000
7
1889-1902
do
do
383,500
5,6,7 Various
1900 to 1905
do
do
J. A
4
65,500
to 1900
1S88
do
do
J. A D.
270,500
7
1901-1916
do
do
383.500 4,4*4*6 Various
1908
to 1912
do
do
A. A O
4
125,000
June 1, 1890
Varlouu N. Y., Merch. Ex. Nat. Bk.
345
7
Mar.
1992A'03
1,
do
do
929,420
V% M. A N
Aug. 1,1889-1901
do
do
Various
255,000
1908
N.Y., Am. Exoh. Nat. Bank.
345,000
Philadelphia, by Treasurer. Jan. 1,1889 to '97
929,420
6
do
do
564,500
6
1889 to 1903
do
do
6,401,800
6
do
do
3,836,000
6
do
do
6
8,403.200
1891 to 1905
do
do
11,706,500
6
do
do
16,241,100
6
1899 to 1905
do
do
3,500.500
6
Dec. 1888 to 1904
do
do
4
6,243,975
1893 to '98
A. A O. Phlla., Townsend, W. A Co.
4,282,500
7
1908
do
do
300.000
J. A J.
6
1893 to 1912
1,226,000 5,6 A 7 Various Pittsburg and New York.
1913
America
B'k
of
New
York,
A
J.
4 AS J.
2,179,223
1912-1913
Plttsb'rgand Philadelphia.
S
1,480,000
Deo.
1,1915
Pittsbnrit,
Treasurer
D.
A
J.
4
3,734,700
M. A N. Bos.,MaveriokN.Bk.orPtld Nov., 2, 18>*8
308,000
6
July
1897
1,
do
do
J. A J.
416,000
6
Sept. 1, 1907
do
do
M. A S.
1,200.000
6
1891
1897
to
Portland.
Boston
and
ra'nthly
726,500
6
July 1, 1912
do
do
J. A J.
787,000
4
Jan., 1893
Providenoe.
J. A J.
300.000
5
July, 1900
4,000,000 5A6g. J. A J. Boston, Prov. and London.
July
1, 1906
Bank,
A
Prov.
Y..
N.
Citv
1,500,000
5 g- J. A J. N.
3i«g M. A 8.
Sept. 1, 1916
New York or London.
483,000
July
1, 1895
Morton,
A
Co
Rose
1,397.250
5 g- J. A J. London,
June 1, 1899
Providenoe
J. A D.
600,000
4>s
Julvl,'99A1900
do
J. A J.
596,000
5
July 1, 1892
J. A J. Providence, Am. Nat.Bank.
500,000
7
May 1, 1889
Boston and Providenoe.
Various
18.438
4<s
1888, '89, '90
(Providence.
Various
£0,000
5
July 1,1890 to '99
New York,
6
J. A J.
1,232.900
Jan. AJulv, 1900
100.000
6
July 1,1906 A'08
i**
234.000
ft
Jan.. 1889-1914
Richmond, Treasurer.
6
ft
2,148,809
1904-1909
do
do
A
8
1,179,700
July, 1914 to '21
do
do
A
5
1,478,550
1920
Auditor's
Office.
A 1922
do.,
J. A
478,725
4
Jan. I ,'89 to 1903
N. Y.. Union Trust Co.
J. A
128,000
7
York
and
Rochester.
Feb.
New
1,
1893
F. A
750.000
7
do
do
Jan. 1889 to 1908
Various
534,000
7
Union
N.
Y.,
Trust
Jan.
Co.
J. A J
1, 1903
3,182,000
7
do
Jan. 1, 1905
410,000
J. A J.
7
do
F. A A
Aug. 1.1912
100,000
4
do
1890, redeem.'87
150,000
3
J. A J.
Various N.Y., Bk. Com A Bk. Rertub. July,'89'91 93'94
2,526,000
6 A7
N. Y. Nat. Bk. of Com. ALon. 1895,96, '98, '99
6
1,840,000
do
Jao.A June, 1900
J. A J,
do
1,024,000
5
1902-'03-'05
do
do
913.O00
4
Various
3-65
do
do
Juae 25, 1907
2.M0.100
do
Apr. 10, 1908-'1S
Various
do
3,544,000
4
Various
N.Y., BankCommeroe.
May 1, 1895
555,000
6
Aug. 1, 1898
340,000
6g. F. A A N. Y Nat. Bk. of Republic.
564,000 6A6g. Various N.Y.,Nat. Bk. of Commerce Aug., '89,'93-'4-'»
1,700,000
«• Various N.Y.,B'k of Com A St. Louis. 18 O A April 1 '92
f
800.000
6 g. M. A N. N.Y., Nat. B kof Com.ALon. July 1, 1894
do
M. A N.
do
July 1, 1894
900,000
do
do
465,000
5 A 6 M. A N.
1890, 95 A 190«
461,000
6g. J. A D N. Y., Nat. B'k Commerce. Deo. 10, 1892
June 1, 1905
950,000
J. A D. N.Y., Nat. B'kof Com. ALon.
June 1, 1892
600,000
J. A D. N.Y., B'k of Com.ASt.LoulH.
April 1,1905
1,900,000
6g. A. A O N. Y., Nat. B'k Comnerce.
F. A A N. Y., Nat. Bk. Commerce.
Aug. 1, 1901
773,750
• do
F. ft A.
do
902.000
6
Aug. 1. 1903
AD
D
"«&
War loan
Water loan
New
XLVII.
amy error dUcovered In the.* Table..
When
Bate,
Fw explanations see notes on first page of tables.
Korfolk,
LVol.
A £ (10-208)
$A£ ($1,558,000
1880
1,000
1,000
18s7
due Apl. 10,*08)
1,000
1888
Various
General purposes ($55,000 Caron. iudebti...
1875
1868
1,000
Tower Grove Park bonds(gold)
Sewer oonds ($228,000,'89; $200,000,Jan.,'93) 1869 to '75 1,000
New wat.w'ks,s. ($450,000, J tine, '90 c'y treas) 1870 A '72 1,000
Refunding water pipe, special tax, gold, $ A £
1874
1,000
1874
Floating debt
1,000
Real est., g. ($25,000 5s '9O,$245,OO0 6s 1906)
Bridge approach bonds (gold).
'•
htC
Co., Judgm't. £ or $
Bonds for St. L. Gas Light
St. Louis Co. bds. assumed, genl. purposes, g.
Park bonds, coup., gold
do
do
m. Jotmn., Mo.— Funding bonds
Funding bonds
1866-75
1872
1885
1872
1875
1881
1883
1,000
500
1,000
1.000
1,000
Real
Personal
Tax p. $1,010
Net Debt,
Estate.
Estate.
Years.
State A City.
Deo. 31 *
1885.... $1,168,443,137 $202,673,866
$24 00
$93,031,951
1886
1,203,941,065
217,027,221
22 60
90,395,631
1887
1,254,491,849
253,148,814
2160
93,300,581
1888
1,302,818.879
250,623,552
22 VO
The Legislature passed a law in 1885 that the indebtedness should
not exceed 10 per oent of the assessed value of real estate, and this 10
6er oent was construed by the Court of Appeals not to include the bonds
as a part of the debt. (V. 43, p. 41: V. 44, p. 204
i the sinking fund
V. 45, p. 86, 541 ; V. 46, p. 60; V. 47, p. 21, 532.)
Norfolk, Va.—Total funded debt June 30, 1887, was $2,472,398,
of which $b40,000 was for water; sinking fund appropriation for 188788, $9,264. The assessed valuations and tax rate per $1,000 were
Years.
Real Estate.
Personalty. Tax Rate.
1885
$12,307,131
$1,899,550
18
1886
1887
—Population by U.
11,963,450
1,739,630
18
12,091,205
1,642.820
18
Census in 1870, 19,229 in 1880, 21,966.
Omaha.—Total funded debt May 1, 1888. $1,398,950. Assessed
8.
;
valuation in 1887— Personal property, $3,716,625; real estate, $12,798,119; total, $16,514,744; tax rate per $1,000, $46 50. Assessed valuation is remarkably low (treasurer says one-eighth of true value), hence
tax rate appears high.
State taxes are levied on tame valuation,
which explains the undervaluation.
Pstsnon, N. J.— Finances are apparently In a sound condition.
*lo
^ debt March, 1888, $258,000, 1'he assessed valuations, tax rate
per $1,000, Ac., have been:
Years.
Real Estate.
Personalty. Tax Rate.
Debt.
1884-R5
$19,205,501
$3,816,600
$25 OO
$1,168,500
20.467,176
8.913,863
25 00
1.167.OO0
}g|2"12
1887-88
20,465,428
3,916.403
25 00
1,347,200
—Population. 51,031 in 1880; 33,579 in 1870.
-F, n, d de ,t Deo 31 - 1887 - $635,000 j deduct water
j.mH?,'.
<J1?i
i'
i
5
); I
«S«in*^ Va°^
'?Ld e,,t ' »'8S,"00. Population, 29,259 in 1880:
~iS*?' n 187 °: '» 1886 (estimated). 45.00O.
18R 8 !^ ft'nded debt was $57,826,495.
uiauS?»*oS™?i~9W
a in.
,970,0* lu 18
80), of. which $«,401,8<K) was for water debt;
ii^vS? V?'2
•bikini,
fund asset* (City, Stat* and Got. bonds at par, etc.)!
$26*418,905:
^m
'
.
.
i
L
,
,
1882-83-85
$
1,000
lOOO&c.
Various
1000 Ac.
1,000
5.000
5,000
Various
.,
-
8f
In the following table the assessed value of real estate Is near Its cash
value, and debt includes outstanding warrants.
Debt on Deo. 30, Real Estate.
Years.
Personalty. T#x Rate.
1877-8
$73,615,352
$586,988,097
$21 50
64.1:11,362
587,749,828
1884
10,035,600
18 50
1885
62,589.679
1886
1887
5'»,S40.046
601,001,971
10,307.644
18 50
618 059.9«7
10.619 325
18 50
644,063,374
58,778,213
3,149.665
18 50
1888
666,321,799
3,182,765
18 50
Assessed valuations of property for 1888 were Full oitv oroperty,
$586,299,595 (tax rate. $13 50) suburban property, $42,222,910 (tax
rate, $12 33); farm property. *18.6i)0,504 (tax rate, $9 25). Population, 1870, 674,022, against 847,170 in 1880.
Pittsburg.— Total debt Jan. 31, 1888, was $13,203,423; net,
$10,772,^50. The assessed valuation In 1881 was: Real property;
$105,404,720; personal, only $1,838,258; tax rate, 1884, $16 per $1,000
Valuation of real estate in 1885, $108,530,608; personal. $3,000,000;
tax rate, $13. Valuation of real estate In 1887-8, $132,26i>,000; personal,
$2,164,000; tax rate, $18. Population, 156,389 In 1880; 86,076 In
1870, and on July 1, 1887 restimated), 205,000.
Portland, Me.— The sinking fund and available assets March 31,
1888, were $146,652, not including $1,350,000 P. A Og. RR. bond*.
The city is protected by mortgages on Atlantic A St. Lawrence Railroad.
Population in 1880, 33,810; 1887 (estimated), 40,000. The assessed
valuations, tax rate, Ac., have been
Real
Personal Rate of Tax Tot. Debt Sinking
Estate.
Property, per $1,000. Mar 31. Funds, Ao.*
YearB.
1884-85.. $20,794,300 $12,014,435 $20 50 $4,286,000
$106,40$
1885-86.. 21,208,000
11,759,525
2100
4.285,500
162,986
1886-87.. 21,571,000
11,862,200
2100
3,942,500
167,627
1887-88.. 21,850,500
2100
11,901,540
3,437,500
146,652
* These do not include the sinking funds for railroad loans.
Providence, K. 1.— Floating debt Sept. 30, 1888, $1,030,729. Th*
sinking fund for bonds due
1893 1* $377,647. 1895-99, $1,053,124;
1900-06-16, (water loan), $489,313.
1900, $42,845
Sinking fund*
are invested In the city'* bonds and notes. Net expense for water
works in year 18874 was $8,003. Population. 1870, 68,904; 1885,
118,070.
The laws of Rhode Island now limit the debt* of town* to *
:
;
m
;
p.
c.
of their attested valuation.
)
.
Ban
188*.
;
:
1
CITY SECURITIES.
|
13
Saaaerlbera will confer a great faror by srlrlug Immediate notice of any error dlscorered In theae Table*.
DESCRIPTION.
Bond*.
outstanding.
Irocexplsnsrloai sec i»-3^oa tot page of t* til e*
Mfsm.-Boud* 975.000 dae
.
Feb.. '90
l-60t..-7i- Various
1.000
1.000
;
>..
-City debt "(9366°.6bo'6i)'"
Tantnn Itrnail
i
of
do
do
QmMtton bo**wlsV.
.
..
.
.... ...........
.".'.'
At* (apeeial'taiV
'
(Act March 4.18761....
proauas bond* of 1879 ...
•wnagrtsi*. Mas* -City bond*
I (•300,000 are 6 per ceuui
431,000
100 Ac.
1.000
4
3.306.000
1004
848.300
364.500
4ti.00O
27.000
i--;:7
Tax per
18*5. ... 92.3V7.40O
1998.... 97373300
1887.... 99.734.040
1868.... 100324.720
Property.
#1.000.
•31.722.000
#14 50
14 50
14 30
14 00
14 50
90334,400
S1J14.600
92.281300
9390338
1343.73*
1.438338
9398.180
9383.317
.
Uneaend,
tax rate per #1.000. #1*. In 1385. real estate, 132347.803; personal.
Il3..41.ft66: tax rate. »14. Popnlatlon. 633O0 In I860-. Sl.OoVln 1870.
Idea* I* limited to 13 per cent of the assessed value of real rsUle.
le*A****r. -Total funded debt, f8.254.OO0 J air. 1888. The bonds
•f Umili Valley BR. loan, •128.00O. are provided for by act receipts
from sleee* of said roadTtolfcrle Railway. Population, 99366 la 1880;
9*399 ta 1870: la 1882, nil— 111. 105.000. As*e*.i raluaUoa (60
per ct. of true value), rale of tax. Ac. bare been:
Personal
laxperfl.OOO
Beat
mold Wards.
Fi o eeny.
Estate
Yean.
27-65
•1.917.900
1883.... 936.166.200
-7.270330
32 22
1.773.100
9384300
90-98
0399300
9399.060
8399399
IStS
3,459.000
•.343390
2.171373
16*3
5309.000
2.3«».»00
4399.000
-. •.>..»;•.
4.109300 9-91 to 1999
1889reslestateraloede«90pc Population la 1*
nd, »*.- Valuat'n of real and personal estate, 188\
tax rate. 936 per •l.OOO; 1886 valuation*, #9,788,780-. tax
K> per el.OOO-. 18*7. tax rate. 994. I^ B saetsBB. 7399 ta
1981: 73741a 1870.
ta 1870. 19365.
as. Joseph, *e.-Fopuletloe ta 1990. 92.431
Jane 30. 1838. there were la addition to bond* siren abore #13. too Is
and • SO 9* dae la 1900. ami the total fuede.1 debt was #1.083.500.
safif debt Is reduced saanally >* per cent oa raloatloa.
The nil--'* ruinatious Ua I9»7 oneha f of actual raluauon) and
sax rate per »1.000 for three years were as below
Personal.
Beat estate.
Tax rate
3
;
;
•7399300
7373,130
1994....
W '*W0<X>—
—
6.200,000
1997
by the United States census
The
city
9*3-00
42-00
9J.678.I93
17 30
1870 was
118 la 1990: ta 19*7 M ll sss t l l at 9450.000.
1 by law ta 1877 and eity aesumed
are redeem#913.000, due 1903-1VO5. are redeemable 1892- 18»b. Of
and county were 111 9
-
_J»ee#lTenaboTCtaoeenvstortnj|in 18^8. w.U be redeemed with
of the 4 per eeal bonds of 1836. la addition ta the bands
a. «t»ea In abore table, there are the foUowlea 953.000 Caeondeiet
haosbtsitaee. 6». due le93. and #100,000 Fire l>e„t.. 6.. due law9.
- property end tax rate hare been:
Its
1TI1
I -ill
ataaaad
.-kateof tax per #1.000.^
Baal Otate
New limit
Debt
Old
Hew
end Personal
Apnl.
I.
In
Umlts.
Inrrta«l.
sr..
PlwaartT.
naf*.
T.
922.507,000
#17
9• 5 00
1884
2..O16.000
00
3
1885
22.942,000
17 50
3 00
#10 00
21*. 127.. 90
1886
22.
1*30
17 30
3 00
216317.720
18*7
22,0*5,000
9 00
14 00
15 00
ISMS
26
V.
47
383.1
V.
45.
p.
p.
44. p 586:
St. Paul, n Inn. -Total city bonded debt Jan. 1, 1398, f5.225.390.
Fexealatiea la li"o was 22300: ta I860. 41398 ta 18M the loeai
Hi nil
1
1
M
;
4
1 raluatious of taxable
swsVxejsaef twestjation Is 197,759.
pronarty (•0*p3r7*atea*h r.luei andtax rate hare been:
Personal
Total
Bat* of Tax
Property.
per #1.000.
Debt.
Real Estate.
Tears.
#12.000300
#3324.040
9-3
1*4
30
931300300
16 00
3.027,140
47.000.O0O 14.263.503
3.ilv.i,o
19 50
30.31231* 14.291,946
98339370
72.479.471
9#,474.730
—V
al oation n* real
(Y. 44,
p
47*.)
estate
is
18,394381
17 80
43*1367
17 00
18 50
3.2253i0
lr.025,250
about one-naif of truer aluo.
A 1909
1913. '14 A 1915
Jan, 1916, '17/18
1903
Aag.,19J6.07.'lS
1893
A 1900
City Treasury.
do
do
do
Apl. 1,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
J.
a
J.
J.
Han
F.
N.
D.
J.
J.
N
J.
A N.Y.. Laldlaw A Co
do
1893-189
3
1. 1904
1, 1804
May 1. 1895
Jonel, 1890
Jolr 1, 1894
1897 A 1904
Mot. 1, 1891
July 1, 1894
July
July
July
1899
1.
(1)
J San.F.A N.Y.LalrtlewACo
1HU6
Y.. Eugene Kelly A Co.
Feb. 1, 1909
July 1, 1913
do
do
Boston, Nst. Security Bank Jan. 1. '89 to 1909
Oct.. 1889 to 1907
Ballon. First National Bk Apr., 1889 to 1890
.l'l
Apl. l.'94,tol9<-9
do
April 1889 to 189*
do
do
IT. Y.. Imp. A Trad. N. Bk.
1899 to 1917
18-.1 ian
do
do
do
do
May 4. 1900
do
do
1893 to 1899
do
do
Oct. I. 1913
CTreee.* Boot. Menu.' Bk. Jan. 1. '89 to 1903
do
do
1899 to 1906
do
Dec 1, '90 to 1915
do
Various
4
•
6A
Vi
7
A. A O.
fiawssl
-
V«r:uu«
7
6
A
T-8
«.U
5
4.5A6
785309
AO.
4 **(
4,
M a
Varioos
A.
A
<>
Various
4%, 5 Various
Various
nsnee.— In ad lltloa to the debt as abore (riven there were
Jan.. l>-83. #4 7.207 troxt funds, mottly pavable 00 demand. The sinkingfunds Jaa.. 1883, were #4 7.261. eoaslstinx principally of City of Salata
bads. Populatlou. 27363 la 1880; 247117 in 1870. Tsx raloatloa,
1382. •153*3343: tax rate, 913 5a In 1883 ruination. 923.614,115;
rate, f 16. la 1884 raloatloa, #25,360,772: rate of tax, #17 50. la
,1 estate
reloetloo. #12,831300; person*!, Ac. #12.234.810-.
total, 923,066,190; tax rate, 916 50. la 1886 raluatlon of real estate,
91*393300; personal. #12.9 17.021: total. #26320.523; iaxratc*l3 50;
la 1887. real eatstc #13.312.900, and personal Ac, #12,634,827; tax
:00.
ax
Sua rraneleen.-Populetloa. 233.939 In 1880-. 149,473. in 1870
The MontgusneTT Arcane and Dupont Street bond* are special Issue*
eaargrebl* only oa the aseeestnent of property benefltted. and sat hi
are fanragiaaiaa dsisiiilae their legal stsitnc The decision he* be ea
la faror if the bondholder*, but the ones was appeased to the U. S.
supreme Court and remehu pending. Sinking roads oa hand Oe t,
Jl.0-JO.OHO; net funded debt Oot. 3. 1887. was 9l.2O0.92a The
foOowug ralaaHons are made by the elty and county, the raluattoa*
by the State belag dlawraat, but the tax rat* below Includes timt for
Bealty.
1899-94
1864-35
9158.72i.299
Personalty.
•62,272.3 14
161.1933*8
59313,67*
199V99
171.416.426
175.409.145
191.606.444
66,192.922
1886-37
1887-88
54,741. i-»4
60.127,957
Tax Kate
#16 97>*
13 75
15 93
15 71
17 56
tarssssk, Oa, -Total funded debt Jan. 1, 1888, •3.676.400.
•taking rued in 188 ' purchased aad oanoelad 932.30j bond*, bat no
ere drawn. Default was made 00 merest Nor. 1, 1876, lu eouae.
of yellow ferer and non-coUeotion of taxes, and oompromle*
war* I
id oa oartala termc Assesseu ralue of mat estate aad
tax rats each year hare been as follows In 1831. •10,300,000,929;
188*. •10350300. 930; 1883. •10300,000. #30; in 1864, •13,500,000,
#30; ta 1865, •13.000,000. #J1 25; in 1886, 413.400.000. #21 25: In
1887. #13.700.000, #21 25. Population in 1870, 38,235, against 30.709
"
1
—
:
In 186".
uaaaerrllle, naee. -Total debt, M»y 1. 1988. #872.500. of which
f 238, VOO was Water debt. The large reduction of debt In 1888 :o May 1
(#93i3300| w.s ecoomptfhed by applying entire sinking funds to It*
payment. Property valuation In 1882. #23.162.200; In 1883. #23.81*.900; la 1884. 934331.100; la 1883, *.! V»07.7.«0; la 1336, 926,003,300. Tax rate In 1686. »15 40 In :387, #14 80. In 18+8 real estate was
and tax rate. #1 1-0 ). Property
926,488,100; person il, #2. 271. -10
Population 39,932 la 1835: 14,685 la 1870.
I* as* *»-i1 at full value.
"1 " >f*Tl1. n«...
r • i fi.i- i.i. .1. j»n
1. 1999. *i.ti3.ooo;
deduct w.ter debt, #l.2O0.O3O; Bet, #115,003; eesb asset*. #114,124.
The railroad debt tail* dae 930.000 each year. There an 962.000
note* outstanding. Population ta 1867 estimated at 40,000; 1670,
26,70s. Tax raluatlon and rates have been;
;
1,
ivr*nn»i
1
9840300 renewal bouts, daa 1900,
hoods.
I:
n-00
la
1899 A 1904
1903, 04 '05 A '06
.
s
5
652...0O
Total Assets In Sink.
Funds. Ac.
Debt.
•9.941.188 #1.631.400
April.
A
A
at. A
J. A
J A
J. A
M. A
J. A
J.
J.
r.
1383.400
SS337.S40
1999
-
li
250.000
1.701.993
9,767.616
1.813311
15 00 10.000.117
1.961.073
Quit..,. III. retel funded debt Sept. 1.1388. #1.792300. against
->7 aboot #1.300.
1
1881. *
000 uioru below true value Population la 1888 about 36,000. Aa
aeaual stasia* fu «l of » jm»xi U repidlj reducing the debt. There
arc si-o #35.100 3 per cents |M. A 8-i due 1902.
Taw-Tetal debt Jan. 1. Ufa, 93333 338. ta 1U7.
•4347390
-
I
2"
6g.
i S
-
Varioos
A
A O
I*'
I*s
1.000.000
l833-'84
1861 to -81 500 Ac
1870 to *M 5004
imto'M
Estate.
Years.
1863.... •90.14J.4O0
1994.... 91.642.100
A6
6
5
296.000
432.000
•73,"74A79
r.
4
1.900.000
100.000
1,032.000
1-.70
r* bond* (r-dsssxehls after 1893)
M.-CJtJ. (•500.000 e. #1.1*3.400
100
t..
do
do
do
-
1889, 90, 93, *97
1889. '90. '95, '97
•98. '99. 1903. '04
Jolr, 1898 A 1903
Inn. 9, 1889
Jan., 1689 to 1895
J.
919.000
IBM
Bank
do
do
do
do
do
do
do
8
1.579.000
-^ Various.
i-<(;io-81,000
1.000
1.000
1,000
1873 to '87
O.—General fund city bond*, coup...
FV>x4Jafd*Mrc4un Mag bonds
TolednA Woodrtlle Railroad, eoupoo
Waterworks (#3.000 only 6»
4
6
6
n >.»oo
1879
i-r.i
.
•
230,000
160.000
325.500
300.000
398.500
161.000
87.000
285.000
200.000
475,000
210,000
150.000
374.300
1*73
10(1883
onde (#10,000 5 «n. 1904).
.tmr,
4-»
1H7J74
I
for,,
3
139930
Ac
1864
500 Ac
l«rt3
500 Ac
1870
500 Ac
;-7t
500 Ac
••- 500 Ac
im
1871 to 73 500 Ac
1874
500 Ac
imtoTfl 500 Ac
Psc. RK.. coupon Ojold).
t
6
1.240.000
100
1971
do
do
do
do
do
do
do
do
do
do
1.0. N)
1873
Various.
ism a
Vanniin N. Y. Chase National
1.000
Due
whom
5
5
10.:.'H>0
Principal— When
Whore Payable,
Payable and by
Payable
8
7C5.000
i
I
7
7
1,'3>>
1.000
.
L Sap. * MM.* st, p. A -Lie
ml lmc.-983C.perk|#100.0uany.OJ)
#263.125
163.000
195.500
11H.000
•1.000
5O0Ac.
.
When
Rate.
Value.
•30.000 Oct., *89; 960.0O0 Oet.. "95
#100,000 Mar. "98; 930.00 ) Nov., 99
940.. 00 Apr.. "99; 975.000 Apr..l904
10.000 Apr.,1903;943.0O0 An*. 04
A p., 1904: 996.000 Mai
lit 5.0i
1265 000 19 iB #125.000 191*
I.O00 Jan., '16; 9200.000 July, ltt l--.; 7-«
1906; 9*9000 Jane. 07
.
INTEREST.
Amount
Slse or
Daw***
Tax
rate
per #1,000.
Real Estate
Years.
JKSKfV9*3?S3M
1991
923,793320
1VJ50
2
"•
l
188*
*9394,430
»g«*»S
i , 2°.
12 50
9.260,459
35.676300
199*
00
14
8,792,666
26301.150
1994
12 80
8.3*7.966
••369300
1999
9.143.412
12 HO
27333.760
1-86
13 80
9.416,334
S8.J6d.360
1887
raluc
— ValoaUoa of real estate la about 75 per cent of true
Toledo. -Total f inded debt. Jan.. 1888. was #3,142,700. Of this
payable by epeetai assessments was #23,700 Sink, fund assets,
In aldiUoa to bond* a* given above, ihcroare #29.000 6s, du*
T109.5O
891 and 1892. and #60,000 5c due lu 1833, 1395 and 1903. Taxable
1
..
per oeat) 01 real estate, 133 V. #21,733.240; personal.
f6.157.09U-. total raluaCUm. 929.930.30* lax rate. 928 per #1.000. Valuation, 138a real estate, 923.l79.77n personal. #8.116,620; total ralaastsxt, f*939 1.HBi tm r..i... tn. 111;. t.,,.. WJ.i.'iv.ii'i. PsTaan i L
•63*2390-. total, #30.302.330; tax rate $ii (0*Ty. #14 30; sohool,
PopulaUoo. 50.137 in I860;
Htnte 92 907 couuty. 95 30).
3138a la 1670; ta 1998. estimated, 73,000.
:
Worcester, (aa**.-Total fonded
debt, Jan. 1, 1899, •3.383.700.
#65 1.30O was water debt. Oaah assets Deo. 1, 1887. #1316.3t7, Including 99o3,652 In sinking fund. Poi>ulatlon, 80.000, estimated
of whlon
Tax raluatlon In 1382,
I, 1888, 56,391 In 1380, 41.105 In 1870.
#45.504.512; tat rate, #17 40 per #1,000. In 1383. f48.370.335; lex
ratc9l7*0. lo I83t.#50.773.*?S; tax r»te. #18 60. In 138.3. 452.7149IO. tax rate 918. Id 133 1. 63 1. 3*1. 339; lax rate. #18. In 1337, real,
Property wataa945.a2e.8OO; personal. »1*.o.:h.o75; tax rate. #17.
at aotsiei rata* Id 1696.
Jan.
(
SUPPLEMENT.
INVESTORS'
14
[Vol. XLVII.
ot any error dl.covered In these Table..
Subscriber* will coulter a irreat favor by giving ImaiedlaUe notice
r
explanation of oolamn headings, Ac, see notes
on
first
page of
tables.
U5.c'
!f. 0. Texas* Pac. June— latdeb.,red.at
°"
3d debentures
°
mortgage
Ala. (It. *>u/A'«.-lst
«j«aa
Gen. M. redeem, at 110 June 1, *9S. $20,000 p. m.
Canal.
H.
D.
A
lental
o.
Albany 4 Susq.— Stock, 7 p.
Albany City loan (sluking fund, 1 per ot. yearly)?
Consul, in., (guar. D. AH. eudorsed on bonds)o**r
AlUyheny Valley— General mortgage (Klv. Div.)
BoudK to State Pa. (endorsed) 2d ,M., East ext
o
lat uiort., Eust'u ExteB., guar, by Pa. RR
Funding income bonds, with trafno guarantee, o'
Amador Branch— 1st mortgage^
Arizona Mineral Belt-UtM., g. ($20,000 per mile)
AsKcvilte<e Spartanburg— 1st mortgage. guld......e
Alekison Col. <* Pacific— 1st inort., guar. C.B.U P..
Ala.
'•'
Miles
Date
Size, or
of
of
Par
do
Inc. bds.,
(M.dOOp.m
A Ark. V.. 1st mort., gold,
guar.)
($14,000 p. m.
Pu A A. V. 1st (A 2d on 148 in.). J guar
p. m.. gd,.
K. C Euip. A 8o 1st M $8.0.
,
Cowley
8.
A
Alabama
,
Ft. Sin.. 1st. iftt.OOO
Texan
N. O.
A
[i.
m.
Pacific
g..
o"
aunt-
guar.
1882
1884
1878
1888
£100
£100
$7,l2-',000
2,2:12,000
$1,000
1.714,000
233
290
290
209
27
35
$3,500,000
1,000.000
9,769,000
4,000,000
2,100,000
10,000,000
9,726,300
675,000
700,000
500.000
4,070,000
512,000
75,000,000
7,041,000
2.411,500
974,000
3,4*1,000
4,610,000
100 Ac.
1,000
1,000
1,000
1,000
1,000
1885
1879
1879
71
254
34
£276,000
$100
1,000
1,000
1,000
100.000
1,000
1865
1876
1866
1870
1871
1874
1877
142
142
132
110
110
259
£100
100
500 Ao
500 Ac
1869
1870
1,000
1880
1,000
1880
1,000
1880
1881 l.OOOAc
1887 1,000 Ac
1888
1887
1,000
1872
1,000
1875
1875
l'.OOO
1875
1.000
1878
1879
1.000
1.000
1879
66
148
144
64
92
(Jinn.
Junction (Limited).— (See
O.
A'.
;
,
—
Albany A Sunquehauua.-
See
Map
Del.
it
Hud. Canal)— Owns
Y., to tflnghauiton, N. Y., 142 miles; branches Duanesburg
N. Y„ to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21 mileB operates Lackaw. A Susqueh. RR., 22 miles East Glenville to Coons, 10 miles; total operated, 209 miles. Leased for InO years.
from Feb.. 1870, to Delaware A Hudson Canal Co.; rental, 7 per cent
on stock and Interest ou bouds. Additions and betterments oharged to
lessors, and cost made part of investment. The consol. mort. is for $10,000,000, of whloh $3,000,000 are 7 per ceuts, currenoy the principal of
the 6s. is also payable In "lawful money," butthuinterestlngold
gold. Gross
earnings in 1887, $2,786,322; uet, $91~
180, 614, 855
V. 46, p. *28, 481, 610; V. 47, p. 140.)
Albany, N.
June,
;
;
;
;
Allegheny Valley.—Owns from
Pittsburg, to Oil City, Pa„ 132
miles; branches— Red Bank, Pa., to Driftwood. 110 miles : others, 17
m,; total operated, 259 m. Stosk, $2,166, =>00; par, $50. Of the Inoome
bonds the Penu. RR., No. Central and Pttila. A Erie hold $6,087,000, the
Interest ou which was paid altogether In boud scrip. The ooupous of
guaranteed bonds held by the Penusvlvauia Railroad for advanoes
amount to $-1,283,935. The Penu RR. owns $1,250,000 stock and
$5,510,000 funding 7 per cent bonds. In May, 1884. receivers were
•pointed at the instance of the Penn. and other railroads as plaintiffs.
Suits are pending.
From January I to 8ept, 30 in 1888 (9 months) gross eirnlngs were
tl,5l.\6S5. againet$l, 483,551 in '87; net, $62 1.421, against $io4,6S7.
In 1887 gross earnings were $2,0.29.108: net. $797,761; deficit uuder
charges. $397,463. In 1886, gross, $1,812,729: 11,5c, $681,230: Interest.
$1,11 5,601: deficit, $432,384. - ( V. 45, p. 79A 386 ; V. 46, p. 480.)
Branch.—Gait, CaL. to lone, Cat., 27 miles. Leased till
Nov l, i890, to Cent. Pacific, but in Nov., 1886, ne v lease to Southern
Faelfle
« ina to rental $48,000 nerannuiu. 8tock. $675,000. Earnings in 1887, «52,819 gross and $J5,588 net. In 1886 gross earnings
»39,44s; net. $13,124. Leland Stanford. Pres't. 8au Fraueisoo.
Mineral uelt.-Kwl projected from Flagstaff, ou the
Atlantic A Pacific, to Globe, Arizoni. 180 miles, and oimpleted to Ful
3
uil8s
An 'mporfant ooutraet between this company and the
»l.
r»'
A * P. Is in dlipufe. and work has been suspended.
J. \V. Eddy, Prest..
Boston, Mass -(V.45, p. 112, 564, 612; V. 46. p. 218. 480.)
AaheTllle
Spartanburg—(See Mop Rlehmmd <t W. P. Term).—
KToui Spananburg, a. u., to Asheville, N. C, 71 miles.
Formerly
Spartanburg .v Asheville; sold In foreclosure April. 1881, and reor;" n lBU „>»«<><'• $1,050,000; par $100. Controlled by Rich. A Dan. lu
UK Juu " a "' 1887 total income was $52,840: deficit und-jr
JS5L.?i"
operating expenses anu taxes, $21,585.
;Ch , ' > « !o l or »dlo
Paelfle.-Waterville, Kan., to Washington
K?,.
o .?
, ,
iir
n1
Ki '"t.. l^.gan, Kan.. 155 miles: Logan to
iJ^o'ri Vi, ""ir
Amador
w
;
Arlzmu
-
,
A
'
-
-
*
kin
•on
T ^!
^ wS--f\ m 88: .Pown
1
J
of the Central
i
"'
?»>••«" «all City. Kan.,
Branch Union Pacific whloh lowed
L'4
it
miles; Vu.ua,
iu
1879 for 25
bji
-
When Due.
Slocks
Whoin.
-Last
Dividend.
April
Last paid April, 1887.
Last paid Jan., 1887.
June
1,
1,
1907
1907
N.Y.,Farm.L.ATr.ABos
London.
N. Y., B'k of Commerce.
Jan. 1, 1908
Dec. 1. 1927
AHud.Can.Co
l395-'97
April 1. 1906
N.Y.,Del.
do
do
July
1,
1888
N. Y.,Wlns. Lanier A Co. March 1, 1896
Harrisburg, Treasury. 100,000 y'rly.
Philadelphia or Loudon April 1, 1910
Oot. 1, 1894
Jan. I. 1907
N. Y.,So. PaciiloCo.
B
1916
iston.
Company's
N. Y.
Office. April
1,
May 1,
N.Y.U.P.Of.AUn.Tr.Co.
N Y.U P.Of.AUu.Tr Co May I,
N.Y.,IIan.Bk ..Bost.ACu Nor. 15,
Boston, North Nat. Bk. July 1,
do
Oct. 1,
do
Boston, Boston Nat. B'k. April 1,
do
do
Sept. 1.
Bos*. Safe Dep. ATr. Co.
Oct. 1.
N Y. B' k of Com. A Bost Deo. 1,
1925
1905
1905
1:188
1899
190C
1909
1920
1920
1911
N Y., Kidder, P., A Bost. Feb. I. 1937
1891
N.Y.KidderYp.'.A Bost Jan. 1, 1937
Boston, North Nat. Bk. July 1, 1902
Boston, Everett N. Bk. July 1, 1905
Mar. 1, 1906
do
do
Bost., N. Bk. of No. Am. July 1, 1905
July 1, 1905
do
do
Boston, North Nat. Bk. July 1, 1909
do
Oct. 1. 190 9
do
14,4.22,000
15,00 J.000
7,000,0
pal,
Where Payable, and
Outstanding
Value.
<*T.P.)— 1'his is an Euglish Co. controlling the Vicksburg
189 tulle* N. O.
A Meridian, 142 miles; Vicksburg Shreveport A Paeilic, New
Oilcans, 13
near
A North Eastern, 195 miles; and Spanish Fort R'y.
miles. It also controls the Cincinnati New Orleans A Texas Pacine
Hallway Co. (lessee of the Cincinnati Southern Railway). The management of the company is the same as that of the Alabama Great Southern
RR. In Nov., 1887, Capt. Francis Pavy in London was appointed
The preferred or
receiver of the English company in liquidation.
"A" shares are 41,500,000, having a preference for 6 per cent cumulative, and the deferred or "B" shares 42,500,000; par value of all
shares £10 each. The nrst debentures are redeemable any time at 115,
on six months' notice. The company holds the following securities, viz.:
Cm. N. O. A Texas Pacific $532,000 stock; Vicksburg A MeriiUau,
245,000 1st mortguge, $105,000 2d mortgage, $410,500 3d mortgage,
$1,464,300 preferred stock anil $363,000 common stock; ot Vicksb.
Shrevep. A Pac. $3,692,000 1st inert., $1,931,000 incomes and $1,594,000 stock; of N. O. A North Eastern $4,900,000 1st mort. and $4,320.000 stock; N. O. Spanish Fort AL. RR. $300,000 1st mort. and $200.1.00
00m. atock; Cincinnati Southern, $532,000 stuck. A loan of $.100,000
was authorized in Sept 1888, for the purchase of a majority of Viess.
AMerld. 2d mart, bonds. (V.45, p. 52, 430; V. 47, p. 2 6.)
Alabama Ureal Southern.- (See Map Oinn. N. 0. <* T. P.)—Frpm
Wauhatclne, Tenn., to Meridian, Miss., 290 miles; leases, Wauhatchie
total operatod, 295 miles. The Alabama A
to Chattanooga, 5 miles
Chattanooga RR. made default Jan. 1, 1871, and road was sold underforeolosure Jan. 22, 1877. Present company organized Nov. 30. 1877, and is
controlled by an English company of the tame title owning all the
stock of the Amerloan Co. The English company has £ 134,000 debentures exchangeable for genl. more, bonds, and capital stock oounnou
("B" shares), £1, 566, 000, and pref. 6 p. o. cumulative for six year*
("A "shires), £676,070; par £10. In 1888 f or ai-rears of interest on
preferred slock 4 per cent certificates wore authorized, redeemable >.y
alnkg. fund in ten years (s<e also Chronicle. V. 47. p 255.) Tue genl.
mortg for £1 16 >,000 was authorized in 18>8to provide for equipment,
improvements, Ac: buitioieut bonds being reserved to retire prior mortgage bonda and debentures. V. 46, p. 608. For the half-year ending
Juno 30, 1888. gross receipts were $735,778; net, $t01,3l0, against
Gross earnings in 1887, $1,575,993; net over
$180,456 in 1887.
expenses and taxes. $174,361. Gross in 1886, $1,215,195; net, $276,798. (V. 46, p. 608; V. 47, p. 255, 285, 531.)
Map
Amount
Road. Bonds
AlehiMon Jewell Go. 4 iVest.— 1st M., guar. C.B.U. P.
3,480
AtcMt'ii Toi>eka<t Santa Ft—Stock
471
1st M.,g.. ($15.000 p.m.) Atch.towest bound. Kan.
reo'ls
land
from
m.)
pay.
Land gr. M., g.. ($7,500 p.
372
5 p.o. bds.N.M.AS.P. ooll. (dr. at 101) a f. $34,250.
S. F. 5%bd«.plain (rod. at lol)s. f. $37.000 yearly
o&r 206
4>i% «. f. bds. (dr'n at 100) 8. f. $78.000
e.vr
6% 8 f. secur'd. bds. (dr'n at looi a.f.$123.0OO..oAr
Collateral trust bonds., gold (V. 41, p. 245)..
Notes seoured by 2d At. for $10.000,000
At.T.AS. Fein" liiu. (terminal) guar. $10.0 DO.OOu
27
Wloh. A8.W., lstM..g. (*l"i,0-.0 p.m.). rental guar.
66
K. C. Top. A W.lst M., g. ($13,000 p.m.).reutalgu.
do
Pueblo
Bond* — Prino
INTEREST OR DIVIDENDS.
DESCRIPTION.
..
.
<0
4,00-J.OOO
412,000
854,000
200.000
1.633.000
2,082,000
532,000
798.000
and guaranteed the bonds. The road Is controlled, and the whole
system is virtually owned by Union Paoiflc but operated by Mo. Pao.
Stock, $1,522,400 (par $100), of which U. P. and C. P. own $920,300.
Rental Is $254,370 per annum.
West.—Jamestown, Kau., to Burr Oak,
Atchison Jewell Co.
Kan., 34 miles. Under same auspices and control as Atchison Colorado
A Pacific Stock,$202,800, of which Central Branch Union Paoitlo owns
years,
A
$105,000. Rental
Is
$34,000 Der annum.
AtchUon Topeka A Santa
Ve.—(See Maps.)— Link of Road.—
complete detailed statement of tue lines of road operated on Deo.
was given in the Chhomiole. V. 46, p. 610. Tue totals of the
Soutuern Kandifferent systems are as follows: Atchison, 2,08 1 miles
sas, 935 miles— toral, both sy-teras, 3.018 miles; Sonera, 350 tulles:
roads owned jointly with other oomnanies (one half of 229 miles -114
miles); totai, 3.480 miles. The results on all these systems are included
in the Atch. Top. A S. Fe report. In addition to fhe above, lh Atohison Co. owns exclusively the Gulf Col. A S. Fe RR 1,0 22 miles, and is
partown-r of the California Southern RR., 211 miles, and the Atlaiitio
js Pacific RR.. 919 miles. Also owns entirely, or controls, the Chicago Santa Fe A California Ry., 493 miles, the St. Joseph St. Louis A Santa Fe RR., 96 miles, the Chicago Kansas A Western (all iu Kansas),
903 miles, the St. Louis Kansas City A Colorado RR.. 61 mies, and California Central Ry., 184 miles. Total of all other Hues, 3.89 1 miles. The
operations of these roads are, however, kept entirely distinct
from those of the other systems and are not given In tue Atchison's
reports. Grand totai owned and controlled, 7,374 miles. The California
Southern glv<w a through route to the Pacific coast at San Diego, via
the Atlantic A Pacino RR.
Oboanization, Leases, Ac— The A. T. A S. Fe. Co. was incorporated
March 3, 1863. The main line of 471 miles was opened Dec. 23, 1872.
Th whole system outside of the main line is nominally under different
corporations, of which the ownership is vested In the A. T. AS. F.. and
th. roads usually leased to that Co. The Southern Kansas and the
Sonora systems are not leased, but are controlled by ownership of the
A
31. 1837.
;
,
stock.
In Aug., 1834, an agreement was made for the oontrol of the Mojave
Division of the Southern Paoitic andaright for traffic over tin* Soutuern
Pacific to San Francisco. The Atlantic A Pacille 1st mortgage bonds
are guaranteed one half each, severally but not jointly, by the Atchison
and San Fraueisoo companies. See Atl. A Pac and St. L. A Sau Fran. In
this
Supplement.
In April, 1886, the Gulf Colorado A Santa Fe was "taien over" by the
Atchison, by the exohange of G. C. A S. F. stock for Atchison stock,
$3,000,000 In all. See offioial oircular, V, 42, p. 630.
Stock and Bonds The stock has been Increased from time to time
bo present figures, for the acquisition of the auxiliary lines and by
way of stock dividends. Dividends have been— in 1879, 3 per oent;
in 1880, Stg; in 1831, 6 cash and 50 stock; from 1832 to 1386, inclusive. 6 per cent: in 1887, 6>4: in 1838, 5k. The range in prices of
stook in Boston was— in 1881, 92»154i4; in 1882. 78 7sa96 1e: in 1883,
73386-4; in 1334. 59>-a380; in 1835, 63-*a89Hi; In 1886, 79T8 al00;
In 1887,9019 91197s: in 1838 to Nov. 16, iuolusive, 613995s.
Iu addition to bonils in table above, there are outstanding other email
Issues as follows: Consol. mort. bonds. 7 per cent gold, due April, 1903,
$108,000 and $195,000 Sumner Co. KR. bouds, drawn at 110, due
Sept. 1, 1910, int. M. AS., an obligation of the Southern Kansas RR. Co.
Such bouds as are held In the company's treasury, or leased line bonds
held as collateral for any of its own bonds given above, are not Included
In the above amount.s outstanding.
The 5 per cent bonds, du« April 1, 1909, are geoured by the N. Mex •
A So. Pac. 1st mort. 7s issued on road from New Mexico State line to
San Mircial and braucb, 372 miles.
The sinking fund 5 per oent bonds due Sept. 1, 1920, are plain bonds
(not mortgage) and partly secured by deposit of $630,0
plain bonds
of Kansas <hty Topeka & Western RR. Sinking Fund is 1 per cent per
anuum, with which bonds are drawn at 101.
The4-s per cents due October, 1920, have $4,6.50.000 of the 6 per
cent mortgage bonds of the Rio Gr. Mex. A Pac. and $500,000 of the
Rio Gr. A El Paso roads as security, the sink. fd. being l^a p. ct. per annum, rising to t Si by 1910. with which bonds are bought or drawu at par;
registered bonds for $5,000 issued for ooupon bonds, aud are uot redoe uable till after ooupons.
The 6 per oent bonds due Deo". 1, 1911, have as seourity 1st or 2d mort.
bonds of a number of the proprietary or controlled railroads, at not
over $25,000 per mile, deposited In trust as collateral; they are redeemed at 105 by the sinking fund, whloh Is 1 p. 0. ($1 3,0 0) per annum tid 1891 and 2 p. c thereafter; reg. bonds for $5,000 issued for
coup in bonds oanuot be redeemed till after coupon bonds. V. 16. p. 336.
Tub collateral trust bonds ot '87 are direct boa. Is of the Atunisou Co...
ag'st which are deposited in trust the bouds of lu-anoh lines constructed,
iu California and Colorado, not exceeding $25,000 per mile. Host. Sate
Dep. A Trust Co., trustee. 8ee V.44, p. 245; V.46,p. 385; V. 47. p. 326.
Tie binds ou Ohioago property are secured on terminals, Ac, in
that oitv.
The Wiehlts, A Western, Wichita to Collisou, Kan., 100 miles, Is owned
loiinly with the St. Louis A Sau Fran., but bomls are noi guaranteed.
The Kingiuau Pratt A West RK. bouds arc guarantee i by the W. A
W.; the road is an extension from Ktngmau towards Dodfe City.
The Loav. Top. A So. RR. bonds at 4 per oout are guaranteed one-halt
by the A. T. A S. Fe, and one-half by the Uaion Pacific
—
.
W
B
NOTBMBKB.
I
RAILROAD STOCKS AND BONDS.
1888.J
Immediate notice
•labaerlber* will router a (real favor by kItIiis
- KIT
Ill
For explanation of column headings, Ac.,
on
page of
flrst
Mile*
Date
of
of
time"
•
rm.l-Mar AMeP..lst>7.000p m..g..gn.l
ir .* W
1st. g. t*10.00up.m
Western— lit mortgage coop
Kingman Pratt A West..lst g.(*15 uun |..m I.. *•
99
73
i
,
45
79
;
Leav.Top.AS.W- 1st
A
Chic. Kan.
46
iu.,>rguar.byAt.*>*l>yl'n.l'
-. '..oimj p. in), guar.
372
odd. in' guar
,gu. > a.(.dr';i*tll2.-
210
N. Mex. A 80. Pac
Bdaora, 1st mort.. f 2<>.IX)0
We*t-. lat,
«!«»p. m.)o
guar.
g.
mm cum
Wnt — l«t.<«
*3
-:irv ilv.ir at il">
.a A Hurlingt.in RK. -l<t m K*'i iGulf DiT.)— lat. g'd.iruar.if lrf.11 si. p.m c"
8. K*u. Imnnsii band* mot cnnoBl." <«' p. unlci
Bo. Kan*. In Texas, InX (< c.imsi pin i.g .gui
143
198
13'
42
.<
mon
.
MortgasM bow
8,491. OOO
J9.000
l.nn.ooo
100 eta
100
1.583,000
.*
M.
1.189.909
799J939
6
M.
6
N.Y.34.L
At Mi!
do
1.M2I.IHHI
6
i
i
500
7.50.000
0.0
6
1997
[9*7
1,000
640
Ml.*.-
l.'.OOO.OOO
ill
1-71
500 Att
500 Ac.
561
'90 at 10S)
56i)
1.01.)
'
1 1
l.OIH)
j
the Sonora BR. tn Mex. (263 mile*) 1*1 M. bond* It guaraobondaare at 920,000 per Bile, of which 95,000 per mile *r*
A.T. A 8. P. Co.
rttsontbsrn lataortf bands ara guarantee 1 (byealoneboadslaa per 'be agrr-ment of renrganixa Ion for that
ate to 1885. The third oonaoo on the Income bond* was
t M88. Sinking fund
retire* the Brat mortgage bond* attM.
Mock
i«10.uOO
per
Western
mile) u held by the
•an* A
theflrat mortgage bond*, ar 914,000 per mile, ara
th-«e.
Income b>« U at
company,
with
ibe
latter
and
rer* lamed a* per the cln-nUr. in V. 43. p. 59 V « >.
covered >>y tbear bonds are about uu I mile, of braarb
awawawtwiWtWand »97 K- -i-n •' -7 \ t.; ,. .;,„
.rnuR K. for ••the ronB*etlng line fravn
.
111 .Including i;hlc. A Bt
L (purchased)
I 999. O0 per m.) are ru*rantoci by the Atcbiaon.and
all but 9Bai..oa whJeh the< hie. A Mi I. b.n-shave*
kre bed 10 retire the
blc A 81 L bonds at uaiuntr
I
•
•<er also 5
1
ax.,
not taelnaVd
n
"A* C.
&
11
•
w
The Boothem Kansas H
bor
'er •..'line
o' tbr
11,
.
lo
»
..
6
J.
••'
-
and to Bnlsh op It* new lines lo
were anth-r ied. secure I by -2d
seder, the 6lo.oijo.000 not-*
The
-
u-
n
r
Hi-
s *^.-
r
.-t
do
do
N. Y.,Mer. Tr. Co. A At
.reen A Batenian.
S. Y.. Marean' Trust Co.
do
do
Boston.
AS.FRROf
do
Boston.
\>
A
U
A
Atlanta
Plorlda.-Owns
lill
It R
.
ly to
fro-i
4oa
.
This isthe A
rH Barilla ll
•<•
been ehsogen:
whleh received 9 1 50 )> bonds a*4 91
in 1* central
in irtg.r- for 92.880
Atlanta. Oa.
mi-
"i
j,»l
I
|iroje"tcd.
nans having
[utprorement t)o.,
1 stoox par mile.
Trustee of
Co. President, Aaron Haas.
."f.-ii
'
1
'
A
W>st Point.—Owns from Bast Point, Oa., to West
ua., HDidilee; i.-aae-l. b * inllaa; total operated. 80 <« miles. In
oiling Internal la the stock was purchased for the
iieorn*. a
100 i»t mil wa* afterward
•Wswsswd tn dohentnre oertlaratea. Ant luirtgarn uwuoil must be subordinate in .|e-i to these eertifle >tes. Ore** earu's in 18-18 87. f39l.6i<>!
•n.5e)«; surplus over dividend*
and Interest, 912.721; in
1997-88. gross. 9421.287: net. 9138.134: surplus over flx*1 charges,
Atlanta
1
>
i
V. 4.'>, p. 1 1
i. 973.932
.hi.
In pr.irr mis from No'folk to Diuvllle, Va.,
there toeoaneo' with i.ie
In operation—Clare
si Ktoesnond A Dtn.ille
.7
moat Ui Dura >.l. V*
7 ml .., and Norfolk to Coiirilaud, 48 miles.
Tne towns 111
Slo-kaiithirlscdls 92.">0O.u m
k.
wSl.toj.
.Iivll.-n
-'
-I
I
(
i
Atlantic «
,
n
No
sold oat.
1
sales la 1897.
Boot, j.i in
i..
par, $>•'.
Ailsntlr Atlanta
(ireat
Ar
from Atlanta to davaaaaai,
veys of balance tiv being
.
1st 10 l*lt>[ |sklt
M-rcnitlleT:
T Fry. Atlanta,
(V. 47
W-stei-n.-i.8ee
-
a Is.
m-
Contract Tor
mortgage
A
tilsnilr
is
-ii
I
Map).— Projootoa
and final sitr-
m..
of line to
-ii
for B.i.OOO.imm). trustee,
President, George
.-..•.*tii-[
I
arBlOO.
•
..n
-Tb*land*ar*|
n
U
8*7, 361.)
Pacific.
-
a 1 Ion
:
rrrasJalr27.
wae chartered by Aot of Ooa.
from Islet*, near Alhuquer
Isl.in la
Ooloro'lo River, 560 miles, with
River It
the
Bta«470lnrad
this Oo. in 1891 from the
throurh
route
gtva*
to
born
oat
a
lea*** also A. A P. Junction t..
1499 (9
mwu
•
-
»
fwswVy aithongh the lavaraat
,
.*lie.l
r
rllory.
1
Tae
nlags
operauag expenaas..
p t9,sdof
isi
XRM69
ll.100.w67
657.331
I.H76.S7I
000.000. and
I-..871.89*.
-4.307
8^14,967
7.370J96
J.I
53-99
oat
I
l
o»t»i«
.1:1.7-.".
87.6i4.37l
I.'
Lear.
To A80.fr. bonds,
—
..>.;t
bmSm
l-.l 1H^
awMM
3.4l4.78d
rfsnvluwid.'.'.".'.'.".'.'.'.".'.'.".".'
3Gr"
T.i.i
• iirplu.
•
(«)
299,52.*.
29.9 %3
y.i.ij)
PisOMr sssseals1
1887.
751,153
169.4S7
land grant trust*
raatal
8.0S2.911
56-38
9>,0'.
9-1.012
11
CM
990.401
915,900
1*094.679
2,2O.i.i0d
M9,499
959398
70,633
awaVOOO
169.487
999,509
27.600
4.474.7(5
1
3,7.1(6)
311.340
46,093
(6H>
Mil.:,
.1
957.177
97.110.186
»7 199^09
*-.»i.l-<-.
9799^17
98.59 :.;<>
9111,286
•Includes not laad receipts B uath crn Kaasa* Rill way Co., sundry
.I
l*lance o: general Interest aom
IThl.
rplos doas not Include the profl. nf the land il.nartmsnt.
VH nu. 119; V. 46. p.
13. JIB. 353. 381. 995. 989, 418, 573. 695. 907, 6O1. 610. 771.
p 326. ?27, 3>2. 410. 472, 499.
.'.
owned oy
Alul de
tern
kaooenrr.
1886.
>
.:i*.i
10.411
7^56.428
i
819 m. Also the Central
-.pulp* In the Indian TerRailway Co.
ill A 8ao Fran
ire guaranteed severally ibut not
oomp.ny
guareacti
Fran.,
'aey are radjeeaahle at any ,m at
is guarantee as above first iiiortg.
-.ii. mi. if mi
* authorised Is 81 00.
ssra'ed.
.
t
the slnkisg
18.481
d
a
6,136.6-12
97.251.428
Bontals
lat-oe
.an.i
1st ui irtg binds
4,026. 'i04
10e9«tJJf-i
.
m
-
3.0 id
9
u press. Ac
112
lo nilr.
1997
UP]
T A8.F0-8. Kan
i.lll
*sawa«
Aibaqnciu.ia N M.. I ml
IIIvumoo 6 dnUbe.1 fnim
I
-.
I'.ici-le. ,ir
aasTLTi
At.
Fort Va'lcy
•
orated In 1996,
,
be
-tale*.
wh.
do
do
N.Y. and Atlanta.
Atlanta, Oa., at Treas'y
Atlanta
Charlotte Air Line. -Owns from Charlotte, N. C, to
Atlanta, (Ja.. 269 mile*, rhe Richmond A Atlanta Alr-Llne was sold
unl.-r foreclosure Doe. 5, 1878, aud the existing corporation was formed
Feb. 27. Ii77. On March 28. 1--1. me road was leased to the Rich. A
Danr. for 99 yean at a rental of 9462,000 per year, equal to the Interest
and 5 per cent on stock : If gross earning* of A. A C. A.
exceed I.VKI.O'K). dividends to be 6 per eent ; and If they exceed
92.500.000. 7 per cent. In 1886-7 cross earning* 81.202,598.
va* reduced
to>*
A.
baa ara a rhmrgr' araln*t the OwSswaBdlUg. S8>"
- 1
ntlli
A.
g.
1927
1888
1897
1907
1900
July I, 1999
July 14. 1886
July, 1891
July 1, 1918
Oct 1. 1917
Jan. 1, 1937
Sept 1, 1907
Oct. 1, 1910
Nov. 1. 1891
Nov.. 1901
June 1. 1922
1,
Sept. 6,
April 1,
Jan. 1,
April 1.
do
.
guarantee* by Atcalwn
eatlre
ornataad 10 buJld that pert
i*
Teana, an
ei-.
J.
J.
J.
do
do
do
k
>
HO U Kaf* D**o»4t A Trmst
Kaasae
•oa and the Soitber* K*n*a« in
tag* bonds were la* nod a* par circulars in V. 49,
431.
The huada are gna-anteed. pnm-i|>al and
}.
aaaaaa Te pa k a A Bant* T-. Toe Ouli Imvui.i, bands
rotn Arkau*
-Itory
and a'ao the braaor fnna Kio«. on Uu- Kanaa*
1
J.
A.
J.
'
I
6
1
.
A.
Mar.
Bolton. Boston Nat.Bk.
N.Y. Central Trust Co.
9,
8.
AO
A J.
A O.
A J
A J.
A J.
A J.
A O.
A J
A S.
A O.
A N.
7
7
8
i.OOO
l.obb
1.000
1
1
M
4.250.000
991
I
M I
M. A
5*
1,282.200
1.232.200
3,001,000
1.595.-KW
17.V73.OO0
5.000.000
ed. at 106i..c*
i
500.000
llHl AtV
1,000
1889
Iarawaahds . nea-cunitlve, V. D. (91s.7Mp.mic*
Mo. l»v....c*
lat KB. A land <r. bood* on Cent. A Mi
e*
lat land grant bond* on Central Inr. cum
inn-'
Income U1. .( .ri' Irti lini.-eiin. «:-
1,632.000
Too
1
C
1.5OO.000
4.:i3*,000
J.
1
2.!»4ii.<mm)
Ac
Dividend.
I
6,37'.000
Hi
Whom.
A.
A.
I*
15.SM.0OO
Ac
1 .IX
10%
W
Ac
1.000
.••00
1-77
1989
1887
104
87
redeemable after 1991
".— lat M.i912."UO p.m..)*.e*
.-auwJlr
AUmmif* Pac. -1*1 M.
2d M.. guar., g.. fsl
1,000
1.000
10O Ac
1.K.K1
rrtlflcatea.
AUanl* 4
1.000
1891
1«86
1-46
1899
r
e
1
All
-.1.
1880
NX1.O00
1,380.000
4.42C.00O
4,990,009
When Due.
Where Parable, and by Slacks— Last
A O Boat. North Nat. B'fc Oct. 1. 1909
A O. BiH.ton.Nut. B. No. Am. Auk. 1. 1907
A J.
do
do
Jan. 1, 1914
J. A J
do
do
July 1. 1916
9
4 g. J. A J. Boston. Am.L'nATr.Co. July 1, 1912
A. AO. Boston. Everett Nut.Bk. April 1, 1909
Boston, Nat. Revere Bk. Jan. 1, 1910
It J. A J. Bo*.,
Mhv. Sat. Bulk. Jan 1, 1926
J. A J.
I* MA 8. 3d oono. paid 8ept..*88. March 1, 1926
Jnne 1, 1926
J. A D. Boston. Boston Nat.Bk
8* M
June 1, 1926
J A J N.Y.Hau.Bk. Bos.ALon Jan. 1, 1<.)37
5* M. A 8. N.Y.Fartn'iL.AT.C.i. Mar. 1, 1915
6
A. A O. Boston. Union Nat. Bk Apr. 1, 1909
Jan. 1. 1910
do
7
J. A J.
do
April 1. 1909
do
do
6
A. A O.
M. A 8. Boston. Boston Nat.Bk
Sept. 1, 1926
6* Miv
July 1. 1927
7g.
77-..H.H1
l.lKkl
999*1
la anas* good* (not enmiilatlvc), ruar
* A'f-w-uf»-l»t mutt, irl'i.uuo p.in
'
1,600
1.000
10O
100
999
96 \ >•
r-deemabte
AH
Altai'l
laaj
-7H
188*
1979
1899
271
8*9
harlot*.—8toch(ap.c.reutl Ri.-h.a Dau.)
Fief
7(51.000
L ,000*01
-
f
8713.OO0
1,000
1,000
lOD
When
Pay'ble
Cent.
91.000
4
«.
8o.Kan.A
pal,
Amount
1879
1-77
1984
m
any error discovered In these Table*.
Bonds— Princl
1NTKRKST OR DIVIDENDS.
Outstanding Rate per
Value.
1
p. in
(*7,nou p.
c*
)
AC'ai ..ut A9dM.on90iu l.g.gusr.c'Ar
CM.
hicsco A m. Lout*— 1st ru. 1*10,000 p. m.).
Bourtieru Kansas K.C. Law. A 60.. Ut mortgage
inc. txl».
110
.8 F.
8lxe, or
Bond. Bond*
table*.
ol
1.5
f
mill
lasue-i
l>lv..
-
com
aiooi. of wiiloli 9>l,:iO'2,60O Is
ir
i
tl
|....|l...l.
-it.
:n
-•
•
slock. 81
fl 1.191
over the A. .1
The 8outbero Pactne so
Needles, on the Cutis adu
100. payatde In A. A I' u
to amount or 9 '."
to this pleee of raid l*gl
6 par eent per aaoon.
•
I
I
I^iiils
A
8. F. oompiuilivi .iii.illv
The itook II classed thiu: Wes
Cant, and Mo. dlvs.. com. stock
irt
49Bs ptaf stock
.
has no proferenoe
miles of road from Molave to The
be A. A P. Company for 97.271.bonds, lasued on said 242 miles,
in eash. Until clear title
A P. takes poatesslon and pays
The same negotiation gave
thfwajtn trains to Han Francisco over the Houthero and
'•ii-r..! t
line* either on a mileage basis or at 3 per oent per annum
on ato.iKM) per mile. See V. 39. p. 208; V. 40, p. 50.
The land grant claimed under the old A. A P. charter of July. '68, Is
•2o.^hi
On
per mile In Territories and 12,800 acres In States.
the West. Dlr. upwards of I '.000,000 aoras In New Mi-xt. » nil Arlxoua
have been earned by construction, and In the Indian Territory 2,600,000
acres more, the beet of these lands being well adapted tor grazing. The
pMeeeo^otaeles of the company's lands hare so far been applied to payment of Inter™* on A. A P. bonds or the lands have been p'edged and
conveyed In trust to toe Atchison and San Pranolsoo oonuanles. and
.relate neiit as to
nearly 6,000.000 acre* have b.-eu so dlsp •
k. V
1
A
p. 751.
laad sale*, Ac, up to Jan. 1. 1887. see (Jlla .•>
map nt the land grant was published In the (.'UK iiioi.*, V
tfross earnings In '87 were *.'
reora spald. »..: '..216: interest. 9610.321: deficit for year,
9'.9>J»77. In 1886. gross. 91,624.649: deflrl'. under oiierat lug expense*,
801 V.
41.384. (V. 4>. p. 340, 3<l-i, 612; V. 48,p. 298,609,
.09, 801:
v 47, p. 80
326.1
i
.
,
i.
:
•
.
Atlantic A «t. Lawrence.—Owns from Portland. Me., to Island
Pood, vt. (aud branch), 151 lullea, there connecting with Grand Trunk
Canada, to which leased for 999 years. August 5, 185 3, at a rental
equal to band Interest and 6 per oent on stock. The Grand Trunk RR
of
1G
INVESTORS'
SUPPLEMENT.
[Vol. XLVII.
November, 1888]
RAILROAD STOCKS AND BONDS.
18
INVESTORS' SUPPLEMENT.
[Vol. XLVII.
.
'
November,
RAILROAD STOCKS AND BONDS.
1S88.J
Mohan-there will confer a -real favor
DBSCRTPTTON.
r
pajreof table*.
tlrst
MUM
Date
of
Of
Gd
rental
TCk
Aufui.a d AVisaaaaa—Stock. 1% rental Ont. Oa
MtUa Caste Foitey—UeB'Imort..(a.f.»t.000 per yr.i.r
A «. Lawrrnr«.-Stoek. 6%
Alttmtie
BMHmon A OaaV-Stnek.
Preferred
Last
rumiratlre
st.ick,
dlv.
slvlux Immediate notice of any error discovered In these Tables.
151
B
1880
.7:..;
Lean due In 1880. extended
Loan, 1858. extended In 1985
do 1870. eta*, fond 818.O00 yearly
waloon.l858- 90. slnk.fnnd
nvirt.. sink, fund,* 12.000 *•
[Blora, sink fund. £9.000 semi-annually
_j«*f ConnellsT. RR (payable $40.t>
lter..<s.f.£7,500)(B.O. Af*h .i-lseollefl. ...
Parkekabu rg Branch bond* collateral) ..
Car tni-l loan* i$.»0.OO0 paid yearly Jan. !)..<
37<
,
421
421
26.1
I'M
(
I
«
asnrtasate oaj Philadelphia
Branch
Consolidate.! mortgaiat (for $29.fc< »
tunnel, c .».
t tMtmi art A rWssaf— 1st
1st mort.. road. cold, a f. 1 percent
road
and tunr
Income,
3d mortcace.
''k -Stock (fl .300,000 k wret)
M
150
1st
129
*..id.
I
MSthMttimHiu.-
52
B3
OS
I
Lf.«rVd.inotdr*n.c'
n
aVWb 0ao.-Su.ck
M
3>*
1.OO0
;t.;i.c>...i
6
J.
J.
50
5O0
l.'OO
(for
550.000
350.000
100.000
8
J.
F.
lH
8
A.
500 Ac
1550.000) ulnklnc fund..
holds the 3d and 3d mort race ImtooU. 82.2 13,000, overdue. The stock
of 86,484,000 la nvwtly £. with dividend* pat able la L >nl oo. la year
eevdW Sept. 30. 18«7, cross earnings were 91,078,632: net. $-'
A as a eta A savannah.
>wns from Mlllen to Awrosta. Oa., 53
Lsaaad In perpetuity to Central of Uaorgia for 9T3.OO0 per
Hsa eo banded debt.
Rns-le Valley.—Owns from Vail
L MUealan. Pa.t
Station. Pa., to Lnckhaven.
2% mile*;
26 Vj mile.; total opera'
t. and U-aec.1 to Penaaylvanla Railroad Oompaoy tor 09
The nraiirti U the property of the h aa n ra. aV naal. 40 per o-nf
Of froaa earnlnaav Slaatac food draws 84.00" bonds at paw Api
7W. Urasssaratocsbi 1887.8IW*.
•on aa over eharfes-nd 10 p. «. dlv.. fs
.aid 10 p. rt.
950), of watch Penq. RR owns M88.350.
Ralllmnre A Ohlo-(8at *>;•> -Lr*B or R-nt.-The B.A O. system
road* la Md Vs., Peau.. Ohio, In i. and III., which are clearly
II v a>e:,n«..r Die >in-inn.ti Vassted
ahown > ri..aasan] mc map
vi. ParkersborK. to* raid baa a direct route t» Cincinnati.
B tit vial
Ion A Bali,
Main stent. Baltimore t > Wheelinc. 379 ml
TIM B. A 6 mlleaate 1
Park ic lasn- c oraoch.
r to Washington. 3 1 miles: P,
to HarrtaoaSnrc. 102
,. 101 mnea; Harpers Kerry
other hrBdehoa.141 aafleat total. 7.7 mllew. Centr d Ohio dlvlalon.
•Iitiabus. I37muea; Lake awMdivMo«,Hewarklo8<i
119 mile-; Cbirairn division. Chicle. Junction to Uhtea|c<>. 271 mile*:
nuabarcdiiMon Cumberland to> PltUbant. 150 mllas. and branches,
i, 341 mile. Wheetloc A PIRsbarc dlrlal >S, Oleuw
. 89 miles. Slraltavllle dlvtdon. Kewari to Shawnee. 4
...ii
Ion and Branches, 121
t
p \ I
miles
Th- B
ah. eonaoctins with the Bait. A Phil
Bolt, to Puds., and theaes tit the
RR •• a oonnoation with the Phlla- A
ap,
i
i
.
,
I
i
Pliila..
OaatralOWa
..
I
do
1888
8-1,957
I
1.283.536
1
53 1,364
291.868
.HO.46.1
H.122
O.0I3
I
1.001.M4
.
111
•Jl
Totals
.
911,201,348 $1,343,348
380,400
391.561
260.916
Philadelphia Dlv
1908
1918
Net.
161,817
13,450
15.246
35.908
Pitt. Dlv.
Ha w*k Somerset a
1898
1.
1,
1,
April
>
Wueelncand
.
188.810 d.f
183.010
-1.930
1
71-1.711 def.
76.220
2.573
918,422,437 96.3S6.6»4 930,659,035 98,538,904
all charges was 936,258.
*-97 thu net balance over
-
HawaW on all lines In five yean have be.
Omaa Earnlujrs.
Operating
Tears.
-T
Net Earnlncs.
i
$19.73"
19.436.607
...
'
..
-1
03
-6V33
i
20,6MylB<
-7
n.52.
(V.45. p.
810. -
WJ.
819.827;
.-
-
i
V. 47. p.
89.705.823
7.760,300
p. c.
"
•id
i— <
81. 1887
July
Auc.
— Earnings,
188687
liro.s.
Met
QkaoaAW Division
PHIaburic
Dec
ith street.
8.
A.
do
do
O. PhlMiuar.F.A8.Dep.Co.
1.27.1.478
;.0l4
Dlvi.i..n.
Lake Brie Division
1"5
do
J.
A
A
083.0 11
.
1
1
i
:o.'..;i
5.61
6.3-
"
"
=-88-84
i
112. 17*. not. (•;-', 47i. 509, 841. 884, 892, 703.
"
V. 46. p. 102. 319, 311, 413, 510. 649, 802, 804,
470.)
Raltlaaore A Potomac.
End Lone Bridoe, Vs., 4
n Baltimore. Md., to
Botitli
Crehk, 49
Baltimore, Tlio road
•vlvauia R v
rid rlr-t itiMrtcacehrtnds
oisvlvania and Northern Oentral
ii.itiil
stock.
I
>
STvSR
A
Main stem etc
Washington Branch...
P r kecb 'ire Branch .
|
•
Dae,
5
7
— KarnincOroaa.
I
i
Dividend.
Sept.,
as
.0"
.
Whom.
London and Portland.
S.
.*
h
»>
•3
Oar SStTSi
trust ••an. draws at 100
BtiinUU d El Dorado- l*t(lnt.Kuar.8t.L. A.A
3
Due.
Atoehs-Laet
l>\
It.
1 p.c. c
f
I
85.484,000
1,032.200
Bonds
pal. When
and
Pavattto,
Payable
Cent.
«aoo
100
i
188,
cold (Ptttab. A Connell.vlllebds
on Schuylkill R. East Side Kit. cold
.
.
When Where
Rat.- per
A D. Savannah, Co. 'a Office. Dec, 18*8
A J. Phll»..F.Ins.Tr.*S.Dep. Jan. 1. 1910
100
14,792,566
4
M. A N.
Baltimore, Office.
Mav I. 1887
100
5,000.000
do
do
3
J. A J.
July. 1888
:.7-l .oik.
do
4
J. A J.
do
At will.
1*53
do
1.710.000
4
A. A O.
do
Oct. 1. 19S6
1,86
M. A 8. Lond'n.BartncBros ACo Mar. 1, 1895
«<•
1855
"..ooo
Baltimore, Office.
J. A J.
1890
£1(X)
1872
6.876 c. M. A 8. Loud., Bering Broe.ACo. Mch. 1, 1902
£200
3,972,096
M. A N. Loudon. J.S. Morgan ACo May. 1910
«* J. A J. Baltimore, Office.
480.000
1*89-1900
8900
7.7*4.000
J. A D. London J 8 MorcauAOo Jane l. 1927
1879
1,000
3,000.000
A. A O. Balt.AN.Y.,D.MACo. April 1. 1919
1887
1,000
2.250,000
J. A J. Bait., Mere Trust Co. 10 p. o. yearly
tm XJO.) ll.616.0IK>
A. A O. London, Brown, 8. ACo. April I, 1933
1-3".
l.l.o.Ml.tMhrt
1.000
5
P. A A. N. Y. Union Trust Co. Feb. 1, 1925
lis.;
1,000
4.500,000
Bit. J. A D. Phlla-.S.R-F. 8 KR ore. Dec 1. 1929
1--7
1,000
7,500,000
F. A A. V Y., Union Trust Uo.
Feb. 1. 1988
1-71
uooo
'.OOO
J. A J. London or Baltimore.
July 1. 1911
1871
1.000
3.000,000
A. A O.
Baltimore. Office.
April 1. 1911
2.000,00.1
dn
J. A J.
do
Wi 1.000
Jan. 1. 1915
50
5.000.00) l?>t on pf J. A J V.Y.. Or'nd "em De|>ot Jnlv 16.1888
l.o.io
5.000.000
J A J. N.Y., KniekcrbrTr. Co. July 1. 1936
1—7 ISO Ac
do
do
i< M. A 8.
837,500 p.atin.
7
J. A J. N V Mt.UA.AT. M.RR. July, 1, 1910
do
8
F. A A.
do
Au*. 1. 1920
1." (0.000
do
IMl 1,000
A. A O.
do
8
Oct. 1, 18*8
53
Ma
— Princi-
INTEREST OR DrVTDENT>9.
BbaVOt
Amount
Par
Outstanding
Bead. Bond* Value.
explanation of coltrain beading*. Ac, aee notes
on
bjr
19
il
<
i
.
N
J
Shnawl
0»o
M
1
|.ru;-~e.l rwaal to its'. ••
VlnrtnU March
land K-
g r: sv- r r;„m pany
tlmore
Trans, t
• IiUj"!
The
fiiro.
T
.<•
"r.mi J.in.
i
IV. -stern
was
B
y years.
of
sold Id S-i--
rt-s,
;- -Tue
i.r.r.
st.»« .-«t
Nov
The Boltlmorv
•-«,
150*191
;
In "i7.
l»l*l-
*
earnlnca ap to $2V500 pe
Ken'%1 received I
•it
11.0
'
bonds of 1879 on Parkeratxirc
rtcace on that road. The uteri nc
William F. Barns. John Great and T. H ir.
ilirect
I
twUJMffiOo
anaahwd also bv nledre
HI
Hellev. * for »«5 ysars. to 3
>.000;
...
abov.- that
1317, 315.10 J. Stock,
A Southern
Beih-'.
3t Loots Alto
.pt
-( sv. Hid .11. T,. A. .t T. II.).—
Leaied for 999 years to the
rental 40 per cent of cross enru'a
an coal. Ac. 30 par cent above $7,000 and
Illinois
i .
-14.000 par mile
17; for 183-; Iilrt3.l03
1
.
-
l.r.f.-
r.l Stock
|>isl
It. II.
'.
.
Boo.
•II
•ads for tniir
wind.
Prac
ft~-a'
Mar awe
Inthept. 30. I»—". wasnot l».n-dwb«n 1
si;xr want t
bn4 was putl< -h*it lo the ( 'or
^Aaaoerai traitic for four years prevtnos to 1847-3-1 l< shewn by the
foBow in k table
..-•.-'
to
-
retire
re
Delaware. —Owns from
the7par
c.-i-s.
In 11-
me
Trenton, N.
id
7
7,37a.
,
.
of the •••no!.
Ohaa
F.
Ber-
J.,
.eras rental. P.iiiu. KR. owns
Klemlncton Rlt. Co. was inerced
1 p. c i.ouds are
ve sinking 1
new
,
.
-
i.ttiaore
;).
-
prior lasues.
Phlladelplila.
andnetear
if
:
Oat! and e..
Carried to B
.
to Manunka
Chunk. S. J.. 67 miles: M1III1.111 Cut-off, 1 mile. Plmuluctoii lilt.. 12
miles; total operated. 80 miles. Leased to United Companies, and tranairiia 1:1;. March 7, 1376, by which operated as their
it. i>i. I.
•
• .i-s h if lie en
1885: 6 In 1896;
i
T._
fi
1
In
;
wood. Pa, to Irvona, Pa.. 28 miles, and
i-<on R'way, [rvon
to II .ratio.
Ones aarniacs
te rest paid
in 11
10.000 is resarvud
1
f .^
for
car,
(0,000 and preferred
1
leas
»nntfvl r-!>on
;
s.-i
;
;
Tn
all
'.••aee
•aonred by the mor^fmre boc.Il»ter»l. Th.- B «'»
bunds or Pltt-'iO'C AConnaUsvllle
•m>«.
Divider
V. Y. as trustee. The bonda of 1-sln 1311
5>sln 1Wde RR. are ainlaniiinl l.v B A O. the « S ID
*:
oa
1st
lniLoM"
'.7J.I
i>.
II.).— An exton-
T.
ulles; leased
cent of tfn.ss
for
1
branches
t .lis la suoIn 1-37 cross
1 cad '-'i ir-'is.
•V.11. A.
psr$10a
Belleville
;
Brar.ii are secnTSatby (
mortcaav of L883 la ma
A
,
Oora
'.
•i
•
Cl.-srtl
Belleville
la only.
stack has
1879. 4 stock and 4 ca*
1-88. am
(I.
divi
17;
Wall me.
Tbeeommon
%wll
un«t
miles:
Kbnrc. to
Uie B
earnin.- •
'o.
.
Saaanj
hsd a nominal
•
etrn-
7
Beech Creek.— Jersey Shore
nli an
ee-npaiiy It hsa
B. A O Telecraph <
and a n-atal
an
H.
tini, arr.Hii
I
tt.againat*! ,063.903 In 1837; net,
assist
'
-
The
wad
nlutfi
wen
-
$89,000.
6 per cent are paid,
par of shares. *•
.578.1
Itiitland.—Owns from Rutland to Bennlncton,
!
13.3 II.
•
(0 per oenti,
1)1*1 l.-nds of
I
il
iraln
Bennluzton
'
Allies
..too
92.811
1
70,103
total.
llao-
59
miles.
:
Chartered as
n
7.217
'
A
"
earnlnrsor the
.
•! ffseal
lofth-
>i
year, as
eem^srad
»
md.
ss ah...
Stock,
>
•7
were $211,371:
net.
$09 291; an
inlerei', $.)ii.'M
I
*o
e
At
•?"*
v
fb
1
I
1
11
jj^V »\
J(s<
7"<Ai
>u
a
a
T^*v jyl^
JX^(
3
3^^^
S^llJ
/•*
A /*
J^V^l
=
xNfcsX^flf
c?
>jj^^«s^!u
\ tV
&\ o
/§
t!\
§
"
wA
«l\
Jr
'
2 1
g V
/
5**"
9
f
jMP%
V Aw
Asia
IN Y ESTOllb'
S U PPLEMENT.
IVou XLVII.
NONkMBRR,
--
e
:
'
;
;
RAILROAD STOCKS ASD BONDS.
1888. J
21
Subscriber* will confer u great favor by giving Immediate notice of any error discovered In these Table*.
Bonds -PrinolDESCRIPTION.
INTEREST OR DIVIDENDS.
For explanation of column headings, Ac, *ee notes
on nxst page of tables.
Btleuterc Del.— 1st M.. ext'd in '77. fonr., guar ..c
Cons, mort. .if 1878, .luting fund, not drawn o
Con*.
of "7*. guar, by Un. Co a A Ha. KB . a.f ..r
ixt* s f.. 1 pet not drawn..
rk—liiiimi RR.
rn
B n inafan 4 Rutland 1st mortgage
Btr kiMJ* fltock (7 p. c perpet. rental Housatonlc).
Billing* Clark'i fore <t Ojokt Cits- til 1st M.. g.o'
cs
4 atoanp—Stock
Plain bond*
eAr
oAr
1876.
...r
1 to State for IU stock
Otneor d * Montreal—0\>\ pref. stock, guar.
Com. and new pf stuck (new pf. stock la $540,400)
M
-
M
.
J wa
.
i
.
BM
Of
Par
Bonds
Villllr.
bond* (for $2,000,000)
100
100
100
100 Ac.
200 Ac
187
1-7
1858
1*73
1881
188
A S. A L. bonds
A Low.. In boa.
1*71'
|
at bond*, sinking
r.
1873-4 500 Ac.
I-*', T
1,000
fund
A ir Line—81-K. pref.igu.N.Y N.H.AII.l
Wage
i«hw.-«.irl.
c*
10 p. r. guar. 99 yr»..OldCol.
Hand* to purchase branches, coupon or registered
Funding bunil*. not mortgage
e*
mst/ora BonUU A kimua— 1st mortgage.
Berkshire. -Owns from Connecticut
bridge. Mas*..
23
mile*.
100
808
eAr
1880
500
500.000
500,000
498.O00
The
A
Billing* Clark'* Fork
Cooke City. -Projected frotn Billings,
Mont., on North.
Pacific KK. to Cooke City— distance. 1151* miles
with a branch eitca/tlng ap Kooky Fork. 31 >* mile*, making a total of
147 tales. SSOO.ObOof the bonds bare bem issued tooovrrSl wlb-sof
road from Billion* to eon' nana, nnder contract to be completed Dee. 1.
1888; sulbortzsd ism*. 83.000.000. Tbs Co. has leased fr forty year*
640 acre, coal Und. and has a coal contract with Northern Pacluo
KB, Charle* P. Roberts. Prest, 150 Broadway. Hew York.
t
e
5
5A6
4
A J.
A A.
A. A O.
F. A A.
Q.-J.
J? A J.
Q
J. A D.
7
4
3
J.
F.
5
2 i«
—
7
4
6
MM
ieUswrscmeN Is —
I88J8T.
8.
Ih-7
•..
8
75.000
d*M
Dividends, o per cent
662. <•
1.547.804
79.000
663.4/0
1,547.804
78.000
662.900
1,99.565
—
A
Lowell.—Owns from Boston to Lowell, 27 m.; branches
Lowell, 17 miles; Lowell A Lawrence, 13 miles: others, 32
miles; Middlesex Central. II miles: leases— Nashua A Ixjwell. 15 miles
•tony Brook RR.. 13 miles; WUton RR, 15 miles; Mau.luv.tcr A Keens
BR. 39 mllss:
Con. A Mon 187 miles; Central Mass.. 104 mile*;
Connortieot A Paseumpalc, 1*7 miles; St. Johns 'mry * Lake 'ham
plain. Lunenburg. Vt,. to Maquem Bay. and braneb, 131 alios; total
leased, 84081410*; total owned and leased. 740 miles.
In Jane, 1884, a lease of the North, of New Hamp. and the Bosk, Con.
* Montreal railroads was mad*. In March, 1887; the Northern lass*
was bald void.
la Jane, 1*37, the Connecticut A Passumpslc Road was leased. A
losos of the B. A L. and oil Its branches to the Boston A Maine for 89
was enacted by vote of stock holders on June 31, 1887, and In Oat.
Haas passed to tbs Beaton A Maine. By the lease this oompany
nesrvva 7 par cent on stock till Ian.. 1897. and 8 sor cent thereafter.
laao h" T» t»"»:
••>• and 1882, 4 per cent In
. JS*^— .*' . ffP—'1888, 6 ; In 1884. 54; In 1885 and 1888. 6: In 1887, *«*; In 1888. 7.
3o. Income was as follows la 18*6-7 an J
. Flsonl yonr end* nept
1888 8t no report was Issued for 1886-7
1886-87.
1885-86.
.
A
R
1,
1,
1.
2.
1889
1893
1911
1888
1.
1903
July
Apr.,1892A'96
July 1, 1896
July 1, 1899
Boston, at Offloe.
do
do
do
do
do
do
May
S.p.l, 1905- 6-7
Oct. 1/97 A'98
Aug.'93A1900
Co.'* Office.
Nov. 15, 1888
do
do
Jan. .1893 ABA
do
do
1905,07 A '37
W.H.,N.Y.N.H.AH.C<>.
Oct., 18881]
NY., Mnooln Nat, Bank An*, l, 1905
Boston, at Office.
Oct. 1, 1888
do
do
July 1. 1893
July, 1919
Bradfd. Pa.. Co. '* Office June 1, 1933
boston, at Office.
352.:t93
81.040,236
2,929,766
283.829
$4,374,581
3,207.062
310,988
B8308
87,353.881
87388,881
$3,544,302
2.435.401
Freight
Ac
Total gross earnings....
08,
m
ll
1308
$2,071 09 J
Net earnings
84.75J.409
$5,268,831
173
$3,623,801
1885-86.
8,00 ,473
1886-87.
2,623,801
$
.'.500.
utoons AOOOCKT.
I8°4-85.
2.071.DK)
379.46J
$2,350,553
$1,225,528
289.SOJ
299.750
$3,790,381
$2,923,551
560,0 o
158,603
(9 *) (165,000
4o8.7S4
$1,451,075
260.808
700,000
510.846
82.210,553
8^,755.281
$2,922,530
8I,36.->,117
355,110
2.;-i.42l
Dividend*
Eastern (under lease)*
(8)
Total disbursements
1
(10)
sundus
Li. lea
interest
;
Concord A Montreal, 'i':.. froru Concord. V II. I.
Woodsvllls.
Jnactlon. 53 miles; Wing Road to Mt Washington. 30 miles; leased
Plymouth to No. Woodstock. 21 mllss; total operated. 187 miles.
In Jane. 1884, leased for 9v years to Boston A Lowell. Rental I* 25
per rent of gross rroelpts of the northern, the Con A Clare, and Boston
Con. A Mont, railroads, less $J0».«u0 per year, with guaraate* of
interest on band* and 5 par cent on preferredatock. Of the bond* due
In 1880, there are outstanding only $202,000 on which Interest Is paid.
(T. 46, p. 787.1
Boston
Jan.
Apr.
Jan.
1,
1.
1.
1,
$35,0JO
$140,000
$1381
an 1 sinking fund for linproreiuent bonds.
-HV. 44. p. 184, 369, 458, 544, 807 V. 45, p. 538, 612, T81. 819.)
66-',900
l.eoj.dOO
Boston A New Vork Air Line.—Own* from New Haven, Conn.,
to Williuiautlc, Conn., 50 mile*: lease * Turnervllle to Colchester, 4
mile*
total operated, 54 mile*. Formerly the New Haven Mlddlet own
2310,900
To-al dlsbnnemenu... 3,285.701 3.280.324 2,340.463
Balance, surplus
58.603
199,121
311.643
69,807
-(V. 45. p. 573. $11,614. 705; V. 40. p. 201, 610; V. 47, p. 161, 488.)
aalem
1916
1897
1888
1927
Sept. 29. 1888
Feb. 1. 1892
July 1. 1895
April 1, 1903
Nov.21, 1888
Nov.
July
J«n.
year ends Sept. 30. E irnlngs and expenses below Include
roar* and W. N. A B. In 1885-6 and 188.-7:
1884-85.
1885-86.
188887.
581
4U4
operated...
809
Passenger
8,935.743 8.882.664
2,552,108 2.410,707
1925-27
all
Mali, express,
* 1...
.Id
|.
Interest on
ueo-s*
8
Netrs
Rental*
-••
1,
1,
Jan.
do
do
do
do
do
do
do
do
Nashua.
1903
1918
Jan.
Sept.,
Oacal
Eastern la
;
7.837,943 8.398,733
2.344.306 2.488315
do
do
M. A ft.
Various
A. AO.
Various
M. .* H
4>*
on A Albany.—Own* from Boston, Ma**., to Albany, If. Y.'
80S miles; numrron* branches. lo2 miles; leased lines. 86 mile* total
Ret'iol*eporalrd 390 miles. The Boston A Albany was fanned (Dec. 1867) Net ewnlags
by the consol idation of the Boston A Worcester and the Western RR*.
Rentals. Interest, Ao
Cnsk dividends at the rate of » per emt yearly have been paid for
many years. Sloes dividend of 10 prr esnt was pal 1 In 1*8/ and of
Total Income...
>l> per er ntln 1888.
Oisfrarssmsnis—
Flora! year ends Sept. 80; report for 1988 was la V. 46, p. 498.
Interest on debt
IN. OKF. iccocvr
Oross earnings
June
Boston, Offioe.
AO.
A J.
J. A J
Various
J. A J
J. A J
7
I
a"j
A.
3>s
4
500.O0U
4.000.000
State Line to West Stock.
J.
8
100
Leased In perpetuity to Hooaatonic Railroad
j.
6
6A7
426.000
3HO..00
7.000,000
3.500.000
1873
1888
1--J
"o'
3325.000
Company at 7 per ct. on capital stock. 8000,000. lessor* pay taxes. Ac,
and for this reason the quarterly dividend doe In Oct. la usually omitted. MUes
m
3>t
2,998.5'
1300
88
41
7
6
5
V.OOn.OOO
ioo
54
50
6
3
;-..i,ihki
1883
85*7
Jfunw-dtock
«t
1*4
1,947.400
500.000
5.529.400
1.499,500
750.000
620,000
1,000
L.
Nash.
7
808300
100
guarantee
99 years.
4
6
800,000
1,000.000
Dividend.
A D. Philadelphia. Pa. RR.
J. A J. Treasurer. Trenton. N.J
Fartoaa Philadelphia, Pa., RR.
J. A J. Treasurer, Trenton.N.J
M. A N. N.Y., Union TmQ.-J. StockbriiU'e. Treasurer
New York A London.
J. A J
Q. -M.
Boston, Office.
F. A A
do
do
J. A J.
do
A. AO.
M.AN. Boat .31 Milk St APlyui
6
8358,000
Whoui.
J.
7
800,000
800.000
10,000,000
5.000,000
2.000.000
pal.When Due.
Stock*— Last
Payable, and by
Payable
Cent.
47.-..1HMI
1872
1 878
A Maine gtve*
lal
for
A
1,000
1888
740
Boston
L.
i*7r.
When Where
Rate per
$1,000,000
1.O70.0O0
1,250.000
250.000
M
eb
'-•
Amount
Outstanding
64 1877 81,000
67 1878
1.000
67 1S85-7 1.000
12 1876
i.ooo
1,011.1
59 1877
22
100
500
A,'.
1887
390
100
1872
1,000
fund bonds ($624.000)
i
Size or
I>;i!e
of
K....1
.
Crs
;
A
Willimanlte.
A lease was made In Oct..
Interest
NY. N. II. A Hart.
year on the pref. (took and
$836,900.
1882, to the
RR for 99 yean at 4 per oent dividends per
on the bonds ; the ootnuion stock
la
_ A Providence.—Own* from Boston. Mass., to Providence
44 miles; branches.20 miles; leased. Attlebomugh to North Attleborough. 4 miles: total operated, 68 miles. In November, 1887, the
directors authortied $3,000,000 bonds to nay floating debt, and agreed
to a lease for 9J years to Old Colony RR. at 10 per oent yearly
on stock and a bonus of $1,300,000 oath, out of wiiloh an extr.i
dividend of $32 50 was paid on stock May 2, 1888. In year ending Sept.
30. 1887, grot, Income was $1,900,495
net, $470,863. (V. 45, p. 438,
R
I.,
;
612. 637, 641. 672; V. 46,
p.
480.)
A K
Bradford Bordell
I nana- (3-foot
gauge)— Mileage from
Bradford, Pa., to Simpson, Pa., 15 miles: Klnsun Junction to Rew City,
3 mile* : Row City to Eldred. 13 mile* Simpson to Smethport, 10 mile*
total. 39 mile*. Stock Is $500,000, par of share*. $100.
In Dec, 1*84.
default In Interest was made, and In Nov.. 1885, bondholders subscribed
5 par oent on their bonds to resume payments. " Gross earning* In 1 887,
8-.0.737; delicti under expense* and Interest,
Interest $73,223. John J. Carter,
;
Tttusvllle. Pa.. Pre**.
A
Bradford Kid red
Cnhsu—Own* from Cuba to Ceres, If. Y.'
miles; operate*. Wellavllle to Little Uenes*e, 31 mile*, and Eldred to
Cere*, 9 miles; total operated, 54 mile*. Stock, $480,000; par. $100.
There are also 3d mortgage bonds for $60,000, 6s, which were duo
June I, 1885. Foreoloaur* suit begun In February, 1885. lu year
ending Sept. 30,1887, gross earnings were $34.<K!n; dellelt, $15,919.
Th is. C. Piatt, Receiver, 83 Broadway, N. Y. (V. 46. p. 537.)
34
Brooklyn Elevated.—Owns from Fulton Ferry and Brooklyn
Bridge via Broadway, Ac. to Bast New York, 6*t miles, and leases
1'ni. in Elevated, In operation from Broadway and Lexington Avenue
to Broadway Ferry, 2\ mile*, *nd Myrtle and Orand Avenue* to
Other lines of Un EL under construction
Brooklyn Bridge, 1-6 mile
to bo opened early lu 1889. This Is the Brooklyn EL Rallroid organMeaning*
81.491.490
81.273.741 ised May 29. 1881. as suoeosaor to the Brooklyn Elevated Railway sold
Flxsdshargea
1,127.703
871358 In foreclosure May 13, 1884. The capital stock Is $5,000,000 (par
$100). After 1888, If net earnings authV-e, a sinking fund of one per
$163,8*7
8302,0*8 oeut will purchase 2d murt. honda at 90, and after '89 a like a. fd. will
purchase 1st uiort bonds at 105— no bonds drawn.
-«. 45, p. 512. 588. 793 ; V. 46, p. 37.)
The Union Elevated bonds. Incomes a* well as lat mort., are guaranWain*. -Own* from Boston. Mass.. to Portland, Me., 116 teed, principal aod Interest. The lat mort. Is for $10,000,000, ths 2d
Us*; branches. 8 mllss; leases- Eastern BR. Boaton to New Hamp. for $2,500,000; Trustee of both. Central Trust Co. It U expected that
Eastern X. H. KK., N. Hamp. State Un* to Maine a consolidation with the Union Elevated will eventually tak i place.
. 41 miles:
For year ending Sept, 80. 18*7. gross earnings, $620,284; net. $229,18 mUas; Port. 8. A Ports. BR. Mains Stats Una to Portland,
200; net def. under payments. $22,491. In 189,-88, gross earnings,
Port*. Ot. Fails A Conwsr. Conway Junction to North Con
Hy. W. Putnam. Preat. ( V. 45. p. 2 12, 5 12,
Worcss. R**h. A Roch RR, Worcester. Msas., to Rothe*- $764,0 >6 ; net. $2 74.605.
II**; nnmerou* short branohe* of the foragoiag, 210 5.18, 673, 8 .5 ; V. 46, p. 74, 190, 201, 610; V. 47, p. 188, 594.)
total
operated
Sept.
i
30. 1887. including Eastern. 609 miles. In
Tlontank.— Brooklyn to Eastport, L. L, 67 miles;
Brooklyn
ab-r. 18X4. this company loosed the Fosters Mass. on the basis branches to Fresh Poud Junction, 1 mile; to Rockaway, 9 miles
I
I under title of the "Eastern" In this Bt/rruiii est.
The Manehes- total, 77 mile*. This was flrat the South Side Railroad of Long
Lswrencs road I* leased for 50 year* from Sept. 1, 1*87. and Island, wbloh was foreclosed Sept. 18,1874, and reorganized as the
odlng the lines controlled by It under lease, for Southern of Long [slau.L On June 3. 1879. the property was again sold
9H years from April.
In foreclosure of the second mortgage, and tula oompany organized.
i'"
In 1-sl to 1885 inclusive, 8 per ef.; The preferred stock ha* a preference of 7 per cent, not ouiuulatlve.
It
at 1888, 9%; la 188)
in 1888V 8,
was leased to the Long lal. KK. for 50 year*, from October, 1 879, at 3$
'
i
;
.
*
A
-
1
*"
—
L
.
INVESTORS'
99
miIi«.tIImt« will confer
a great favor by
mxKirnoN.
Fi.iretl
Miles
24
d Cuba— 1st mort
Brooklyn ElfTatcd—l»t
in., g., ». f.
6-9
6-9
not drawn. ...0*
o"
mort.. gold. sinking fund not drawn
r
Union I.l.-v., 1-t M.. guar., •550,000 p, m., g-...c
If., inc non cum., guar.. $185,O0o p.m., g.c
2<1
M
Brooklyn a Uotitauk—Stock ($1,100,000
is pref.)
Firm mort., guaranteed by l^onjr Island KK....O
o
Second mortgage (for $r,oo.000), gold
<r Wtsi.—lM M. guar, by 8. F. & W.. .c^Ar
10.000
I'd)
ac.
Buff.Brud.J PUts.—«eu. M.. (lncl.
Buffalo S. r.d JJi-w—8took(7 p.c.rent N.Y.L.E.&W.)
«*
let mortgage
Brum*.
'
Bufl. tin-h.
R.
K.
R
A
i
A
gen. M., g. (81 0,000,000; .0*
J /'iino.-lst
Buffalo rf,So«<Ai/\— lstM.g.int.gr.byN.Y.L.E.A.W.c*
"67
O. Rapid* <* Northern—Stock
o*
1st mortgage, sinking fund
West., 1st M.. red. after '89. guar..
Ced. Ran. I F.AN.W.,lst M..g.,guar.,red.aft.'90
1-t M., gold, guar
do
0.
Consol. 1st M.A collat. trust, g., $15,000 p.m •o'Jkr
Miiuii iipi'li- A St. Louis, 1st mort., (assumed)
Cairo Yincrnntt <t Chic. -1st M. lids., gold (Wabash)
Oatit'irnia 1'ticitic— 1st mort., gold (ext'd'd at 4»a)
2d mort.. cud! by Cent. Pao
3d, mort. guar, by Cal. Pac. ($1,000,000 are 3s)
Camden 4 Atlantic—Stock ($879,850 of It pre!.)...
c
1st mortgage (extended 20 years In 1873)
0*
2d mortgage, extended In 1879
o*
Consol. mortgage (thirty years)
.046
Burtmytnn
369
73
390
Iowa City A
if
1881
1888
1SK8
1865
1877
100
100 Ac
1876
1879
(1880
1881
12
266
114
114
114
79
78
91
500
50
1853
1854
1881
1867
1,000
1,000
1.000
Brnnswick to Albany, Ga., 171
miles.
This was formerly the Brunswick A Albany. In Dec., 1887.
the oontrol of the road was sold to the Savannah Florida A Western,
and new bonds were is-uect as above, guaranteed principal and interest
by the 8. F. A W Co., trustee of mortgage being Metropolitan Tr. Co.
There are also $3,000,000 5 per cent non-oumulative Income bonds.
Slock: Common, $1,500,000; preferred, 6 per cent, $3,500,000; par
8100. (V. 45, p. 512; V. 46, p. 428, 819, 828.)
A
Buffalo Bradford
Pittsburg.—Owns from Carrollton, N. Y.
to Uilesville, Pa., 26 miles. Completed in 1866, and leased to New
York Lake Erie A Western for 499 years. Rental. 7 per cent on outstanding bonds, $40,600 a year. Capital stock, $2,286,400 par $100.
;
Halo
New York
Erie.— Owns from
Buffalo, N. Y., to Corning, N. Y.. 142 miles. Leased in 1863 to the New York A Erie for
400 years, and now operated by the N. Y. Lake Erie A West. Co. Rental,
$238,100— viz., 7 per cent on stock and bonds and $5,000 for organization expenses. Dividends and interest paid directly by the lessees.
4c
Ho li. Rochester
A
Pittsburg Hallway.— (See Map.) Owns
Whom
M.
J.
A J.
A O.
A J.
A 8.
A J.
Last paid July, 18*4.
N. Y..Cent Trust Co.
do
do
do
Jan.
1,
1,
Oct.
do
do
do
—
Last
Dividend.
Stocks
July
Mar.
Jiin.
i,
1,
1,
1932
1924
1915
1937
1927
1888
1911
N. Y., Gallatin Nat. Bk. June 19,
5
m.'a's N. Y., Corbln Bans'g Co, Mar. 1,
5g. J. A D.
do
do
June 1, 1938
J. A J. N.Y., H.B.Plant, ASav. Jan. 1, 1938
J. A J. N. Y. L Erie A W. RR.
Jan. 1, 1896
J. A D. N. Y. L. Erie A W. RR.
Dec. 1, 1888
3>s
7
J. A D.
do
Dee. 1, 1916
do
5 g. M. A 8. N. Y., Union Trust Co. Sept. 1. 1937
F. A A.
6
do
do
Feb. 1, 1921
6
J. A D.
do
Dec 1, 1922
do
6
Various N. Y., Gallatin Bank.
Various.
6g. J. A J. N. Y„ 1st Nat. Bauk. July 1, 1908
A6
A7
490,000
497,000
350,000
350.000
I*
6
"ad.
J.
M
.
A.
A.
A.
J.
J.
J.
J.
A 8.
A O.
A O.
A 0.
A D.
A J.
A J.
A J.
A
A O.
A J.
A O.
A J.
A A.
.1.
.1.
A.
J.
A.
J.
F.
6
June
1906
1909
1920
1921
1934
June 1, 1927
Last paid. Jan., '84
Oct. 1, 1931
N.Y.,8.Pac.RR.,23 Br'd. Jan. 1, 1912
do
do
Jan. 1, 1891
do
do
July, 1905
Phlla.,Of.,233 8o.4thSt. April 16, 1888
Phlla., Farm. A M. B'k.
March. 1893
do
do
Oct. 1, 1904
do
do
July 1, 1911
Phila.. Penn. RR. Co.
Feb. 1, 1897
N. Y., Central Trust Co.
do
do
do
do
do
do
do
do
do
do
1.
Sept. 1,
Oct. 1,
Oct. 1.
April I.
They will also retire all prior and divisional beads.
From Jan. 1 to Sept 30 in 1888 (9 inos.), gross earnings were $1,943,169, against $2,081,330 in 1887; net, $329,089, against $15(. 931 in '87.
Annual report in V. 46, p. 649, gave net income, Jcc , as follows
agge.
FISCAL RESDLTS.
1
1884.
1885.
990
Miles operated
Earnings—
Passenger
Freight
Mail, express, Ac...
Tot. gross earnings
Oper exp. and taxes
Net earnings
P.O. op. ex. to earn's.
$
666,922
2,024.175
105.362
2,796,459
1.917.769
878,690
68-57
990
$
1886.
1,039
$
691.174
2,284,542
117.797
3,093,513
2,119,543
903,970
70-77
662.435
2,141,046
129,178
2,933,309
-2,132,404
800.905
72-69
1887.
1,046
$
692,129
2.174.174
139.c:59
3,005.902
2.225.906
7.30,056
7404
INCOME ACCOUNT.
1384.
ReceiptsNet earnings
Other receipts
Total income..
Disbursements—
Interest ou debt .
Const'n., improvem't,
equipment, Ao
.
.
fin
-
'
500&C
Brunswick A Western.—From
g
i
A 30
6,500,000
"A"
584,000
7g.
825,000
6g.
1.905,000
g
£
5.000,100
150.000
3,857,000
5g.
2,250,000
4>2 g.
1,600,000
6 ?•
2.998.000
3 A 6
1.257,250 2*2 on pf.
l.OOOAc
500 Ao.
1.000
l.ooo
1,000
1875
J.
I.
20
Payable, and by
7..I35.000
1,000
1,000
1.000
1884
1877
1881
1867
1871
When Where
Payable
A.
(?)
100
Var's
6
l»>
2,000,000
1.000,000
550.000
3.000,000
580,000
950,000
2,380.000
1,114,000
1,300,000
3,9.0,000
626.000
1,500,000
1,000
per cent of the net earnings of the whole Long Isl. RR. system Including
Its lessed lines. The Long Island RR. guarantees Interest on $750,000.
of the bonds, at 5 per cent, and both principal and Interest on $250,000
sixes In June, '88, $550,000 2d mort. bonds were issued, and dividends
of 30 p. c. on pref. stock and 20 on com. wore paid. (See V. 46, p. 604.)
Daniel Lord, President, New York City. (V. 46, p. 609,770, V. 47, p. 563.)
In
$500,000
3,500,000
1,250,000
1,000
1,000
1,000
1,000
1,000
1,000
1887
1881
1882
\
Burlington Co.— 1st mortgage
Cent.
500 Ac
1876
All
.
Outstanding Rate per
$1,000
1,000
1.000
1,000
1,000
100
1,000
1,000
1881
1884
1885
1887
1887
108
258
inorignge
Consol. mortgage, $20,000 per mile
P. Equipment bonds (oar trust) In 8 series.
I'.
Camden
Par
of
Honda Value.
All
P. l»t
[Vol. XLVII.
Immediate notice of any error discovered In these Tabic*.
Bonds— Prlncl
INTEREST OR DIVIDENDS.
Date Size, or
pal, When Due
Amount
78
78
78
171
26
142
142
.
SUPPLEMENT.
^lvlns;
of
For explanation i.r column hfaiUnft. Ac, see notes
Road
on first page of tallies.
Snd"»'t
:
.
1885.
1886.
1887.
8
$
$
878.690
31,108
909,798
903,970
83.79S
987,768
800,905
63.252
864,157
780,057
95,789
875,846
573,663
742,275
749,898
767,127
$
137.775
56,925
140.067
109.169
Tot. disbursoin'ts
907,194
681.832
880,050
806,823
Balance
sur.227,966 sur. 107.718 sur.57,334 def .31, 348
-(V. 44. p. 90,184,494, 619; V. 46, p. 610, 649; V. 47, p. 472.)
Cairo VInccimcM A Chicago.—Cairo to Tllton, 111., 258 miles;
The preferred stock Of the consolidated company is $6,000,000 (entitled to (i per ceut dividends, non-cumulative), and common stock, branch, St. Fraucisville to Vincennes, 8.; total, 266 miles. This was a
86,000.000. in year 1886-'87 2i« per cent was paid on preferred stock. consolidation of t:ie Cairo A Vinoennes, Danville A S. W. and St. FrancisInN vnnher, 1887, anew mortgage (Trustee Union Tr Co. of N.Y.) for ville A Lawrence roads, forming the Cairo Division of the Wabash St.
$10,uo0.0o0 5 per cent fifty year bonds was issued, $6,000,000 being Louis A Pacific. In uly, 1887. a decree was entered by consent releasing this road from liability on all Wabash claims. Receiver's certitlcates
reserved for prior bosus;
The income accounts of the RAP. for the years ending Sept. 30 were as for $666,161 have been issued. All the above bonds have, b en deposited
with Anthony J. Thomas and Charles E. Tracy, bondholders' com nirtee.
follows:
Receipts1838-7.
1887 8. preparatory to reorganization. From May 1. '88, to Sept. 30, '88 (5
Gross earnings
$1,916,361
$2,0 .<2.o:U month:*), gross earnings were $312,80 *. against $335,8 t2 in 1837; net,
Net income (Including miscellaneous)
$591,734
$520,343 $111,089, against $137,775. In the year ending April 30, ls87,gross
Disb urse m e n Is—
earnings were $710,661; net, $161,263. In 18»7-8S gross, $763,035;
Interest on bonis
$353,910
$116,550 net, $551,897; paid rentals, $11,567, and iutere.st on receiver's certifiRental and miscellaneouj
68,505
114,786 cates, $39,430; surplus, $200,401.— (V. 45, p. 214, 614, 819, 855.)
California Pacific— Owns from VaUejo, Cal., to Sacramento, Cal.,
$122,415
$531,33'? 61 miles branches—VallcjO Junction toValleJn, 2 miles; Adelante to
_
.
Balance
sur. $172,319
def. $10,:in:s Calistoga, 35 miles; Davis to Knight's Lauding, 19 miles; total operA. Iselin,
N. Y President.
ated, 115 miles. Leased for 29 years, from July 1, 1876, to Central Pao.,
-•(. 44, p. 3t,.
212. 309, 392, 402. 781 V. 45. p. 25, 210, 373. 400, 538. bu; In Nov., 18 16, new lease was made to Southern Paeiflo Co. Rental,
613. 073, 705; V. 46, p. 101, 201, 353, 610; V. 47, p. 161, 594.)
$600,000 per annum, and three fourths of net earnings when In excess
of that amount. Capital stock, $12,000,000; par. $100. In 1886, gross
Buffalo
southwestern. -Gwus from Buffalo to Jamestown, earnings were $1,233,641; net, $174,082. In 18S7, gross, $1,207,372
». Y.. 67 miles.
Formerly theBuffalo A Jamestown; reorganized net. $631,087.
in 1877, after foreclosure. In July, 1880, leased to N. Y. L. B, A West.
Camden A; Atlantic.—Owns from Camden, N. J„ to Atlantio
for 99 years— at 35 per cent of gross earnings, but Interest on bonds
Atlantic City to Longport, 7 miles
Phil. Marl. A
guaranteed. Rental in year ending Sept. 30, 1887, 8115.3 •-. in 1*85- City, 60 miles
Med.
RR.; Hadilouticld to Modford, 12 miles; total operated, 79 miles.
6,890,s;n. stock -coin. ,$171,833. an. I$i71,>-33prcf.; par $100. When
Pref. stock, entitled to 7 per cent if earned, and to as high as paid to com.
earnings have been sufficient a small dlv. has been paid on pref. stock.
If more than 7. Penn. RR. owns $234,100 com. and $451,950 pref. stook.
Burlington Cedar Baplds A Northern. —On Jan. 1 '88, oper- An issue of 5 p. cs. under consol. mort has been authorized. From Jan.
Mea rriiiii Isuriingl
Iowa to Albert Lea, Minn, (including II miles 1 to Bent. 3", 1888 (9 mos.). gross earn's on main line and bra oelies were
^W.OSS. against $572,782 in 1887; net, $138,401, against $155,932
leased), 253 miles; brstnottes— Linn, la., to Postville. la., 91 miles;
MusOn main line and branches in 1837 gross earnings were $678,644; net,
to Riverside, la., 31 miles; Vinton, la., to Holland, la., 48
$I3 J ,564.; surplus over fixed charges, $56,539; dividends (5 per oont),
si He
•What Cheer and to Montezuma, 73 miles:
$43,938. In 1886. gross, $599,090, net, $129,775; surplus, $51,610.
Dlvls
: Dncorali Division. 23 miles; Iowa Falls Dlv
-(V. 44, p. 494; V. 46. p. 218.)
430i
i-rly IMvlMon, 6 utiles; Forest Division, 7 miles; total
from Rochester, N. Y., to Clayvllle, Pa., 22!) miles Buffalo Branch from
ABhford to Buflalo, 48 miles; other branches, 17 miles; total, 294 miles.
This company was formed In March 1887. as successor of the Rochester v Pittsburg and the Pittsburg A State Line RR, which were foreclosed in Oct. 1885 and purchased by Mr. A. 1-elin.
;
,
.)
;
,
;
A
;
;
;
<
,",',.'
t1 "'
operated. l,oi« miles. This oumpauyhas a per
of those lines (Included above! built by the Towit City
A
western, the Cedar Bap. Iowa Falls A N W„ the Cedar
Rap. A Clinton,
and the ,.„. i,,.,.. t Mm,,. rr<, Tu0 Wavorly Short Line
Is operated
mi or
"' ''' r '-' Division I..r live years ending Juue
22.
i
i." y "'"'
189^.
Tincompany
1
i
'
,
'
,'
'
'
w—
Camden
6c Burlington County.— Owns from Camden, N. J.,
Pemberton, N. J„ 23 miles; branch, Burlington, N. J., to Mount
total, 30 miles. Leased to Camden A Aniboy Railroad
Co.. and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad A Canal Company's lines. Lease rental, $44,415,
being 6 per cent on stock and bonds, and $500 for organization expenses. Capital stook $381,925 and funded debt $350,000. Dividends
to
Holly, 7 miles
;
autiary and July.
Canada Southern.—Line of Road—Main line from Cantilever
Bridge to Windsor, Out., 226 in.; branch, Amhersthurg to Essex Centre,
16 miles; Fort Krie Hr., 17 miles; Oil Springs Br., 3 miles; St. Thomas,
Out., to Courtright, Out., 63 miles: Erie A Slagara, 31; Saruia Chatham A
Uric, 7; Canada Southern Bridge A Ferry, 4 Toledo Canada Southern A
Detroit. 56, and Michigan Midland A Canada. 15; total of all lines
operated, 436 miles, of which 105 miles are nominally owned by proprietary companies under separate organizations.
The Canada Southern Railway Company was chartered in Canada
February 23, 1868, and the main line opened November 15, 1873.
Default was made and debt readiusted by Act of Parliament In
1878.
Interest on the 1st mortgage is guaranteed by the New
York Central Railroad Co. for 20 years; but the principal is not guaranteed. In Nov.. 1882, a close contraot was made with the Michigan
Central for 21 years from Jan. 1, 1883, providing for the operation
In J
hniui.i.
nr
"' f l.. k
J
o
,.„..,, .... --!,, » t ius.
owiiu oi mo twtar Rapids
""""western road are endorsed (endorsement is ou the
1
"- '""" ,8 are redeemable at 105 after Oct. 1, 1890;
>-2..,0o<niro reserved to retire the 6 per cents. The
lll "' v
It has also assumed $150,000 of
" bonds.
." 'J"'
Mi,.;, *il.
i
SSS. '2l?„8t:A?BJ* ? PT. Cff>". '>"""» doe June 1. 1927, as commuted
'"'''
'l"
'
loAi'ril Ifiu
oil
,
ajo,,,'
TliKfin
.„i,.i
,.'!
'
i
i
n ", d
W! ''""'
-e of Issuing
r
"" Minneap.
1
A
st
L.
additional bonds for
was raised to *:io.kpo,000.
i
'
apital stork
nnA
K
«"« mortgage
n>s«s
l^iXtiUia^is\^\u\l
oniit, aeiHislted with the 'f!!'
Central te
Trust Co., trustee of
I
,
is
on ihe
this inert-
;
.
November,
RAILROAD STOCKS AND BONDS.
1888. J
««>° E
It.*",
Cl
St^T
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X
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n\
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laUti
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Ith.c.^
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iitkint
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in*
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j
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Ti.-v
^
fc.„„I»
k»>»u»« Summit
lUrvUy
ItojrtvWo
IhnT,
^
y
»
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JU/Vn
Uoj.l
En>|K»num
(anrno/
«^»
>
-
- ^y
-
3
Trvut Kua.
Tort««»ll*rg3
T
'
rJvn0j Sborm
WlM-
- •—
*•»*•,
ck H«ven
[Wv\t° B
Itanvlfle
Lixi.i.unr
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A
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7 k-Ur7*t
k»*-
w'*
i
BURG
i.
Jahiitown
f'
su.ui
BM T IMmftmj
j
,,
1
i
it
a
i
MAP OF TBI
BUFFALO, ROCHESTER
PITTSBURG
R. R.
Hi MUlrmburjr
•
*
;
SUPPLEMENT
INVESTORS'
84
I
Vol.
XLVII.
subscribers will confer a great firor by giving Immediate notice of any error discovered In these Tables.
Bunds— Prlnol
INTEREST OK DIVIDENDS.
DESCRIPTION
pal. When Due
MUeB Date Size, or
Amount
per When Where Payable, and by Stocks— Last
Par
of
of
For explanation of column headings, Ac, see notes
Outstanding Bate
Dividend.
Payable
whom.
Cent.
Road. Bonds Value.
on first page of tables.
Canada Southern—Stock
1st mort., Interest guar,
by N. T.
0.
436
404
404
A Hud. Rlv.c
cAr
Sd mortage
Canadian Pacific—8toek (guar. 3 p. 0. dlv. till '93). 4,960
Canada Central RR. 1st A 2d mortgages
Quebec Prov. due on Q. M. O. A O. and N. S. RR
Land mortgage bonds, gold (redeemable at 1 10)
2.856
1st mort. debent sterling
1st
mort on Algouia Branch, A
183
c'Ar
Interest guar, by Can. Gov't
Manitoba S.W.CoI.Ry, $12,000 p.m.. int. guar., g.
CAr
Atlantic A Northwest —1st M., g., guar
Cp.tear* l'urf.l 'at.— 1st M.ncr. A *10,O00 p.m. e*Ar.
o"*r
1st M.,8er. " B," $10,000 p.
Oarolina Ventral—-1st mortgage, gold, coup, or reg.
2d M. (for $1,500,000), gold. Income, non-«um..r
3d mort., gold. Income, non-cumulative
r
Carton <t Colorado— 1st mortgage. Series "A"
Second Dlv. H., 8er. "B.," June, to Cal. State line.
Land grant bonds,
213
325
15U
75
242
242
158
m
Oatatrissa—Common stock
Pref. stk. ($2,200,000 is old pref.), 7
gu. P.
1st mortgage, assumed by Phila. A Reading
%
158
34
98
98
A R.
Mortgage bonds
93
Cayuyu <c Sum/.— Stock, 9 p. c. rental D. L. A W.. ..
34
Cedar falls <t Minn.— Bonds on 2d dlv.. sink, fd.c*
61
Cenl.Hr. V.P.— IstM. AtchAP.P.RR ,g.,$16,000p.m.
100
Funded Interest bonds (coupons held in trust). .. ....
2d mort. (Government subsidy)
100
Central R. K. 4 hank. Ha. -Stock
1,219
General mort. "tripartite" bonds,
o*
620
Collateral trust bonds.gold, drawn at 110
c*
Certs, of debt, payable at option after July, '91. .1
Ocean SB. Co..gn. lstM.,s.f.$l00,O00vearty
....
I
100
1,823333
82-'83
500 Ac
1881
1885
13«8
1888
1884
1887
1836
1886
1881
1881
1831
1881
1883
£100Ao
£100 Ac
JilOOAo
1.000
*100*o
$1,000
1,000
1,000
1,000
1.000
1,000
1,000
500 Ac
30
1866
1865
1879
66-7-8
500Ac.
1,000
1,000
1.000
100
1872
1887
1881
1882
1,000
1,000
100
1,000
Canadian PaclOc. —(See Map.)—The main
line extends from
Montreal to Vancouver on the Pacific coast in British Columbia.
2,906 miles. There are branches and auxiliary lines owned of 925
miles, and 1,129 miles of leased lines, making the whole system 4,960
miles. CSee details In Chronicle, V. 46, p. 619.) The road was opened
throughout the first of July, 1886.
The Canadian Pacific was Incorporated February 18, 1881, under a
charter from the Dominion of Canada. The company had an important
contract in its charter, receiving from the Government $25,000,000 in
cash as a subsidy, also 25.000,000 acres of land, all to be fit for settlement. In Nov., 1883, the Dominion Government gave a guarantee of 3
per cent dividends per annum for ten years on $65,000,000 of stock.
In May, 1338, the company voted to relinquish Its exoiuslve right to
build and operate in Manitoba, receiving the Dominion Government
guarantee ot interest on $15,000,000 of land grant bonds These bonds
for £3,o»3,7i
are a lien on 14,934,233 acres of land subject only to
$3,463 ooo land graut bonds of 1881.
The Man ha Southwestern Colonization Railway, extending fnm
* innlpeg southwesterly. Is leased for $600 per mile yearly and Interest
Is guaranteed.
To the A iantic A Northwest RR., crossing the State of Maine, the
it.
on bonds
I
Dominion Government grants a subsidy of $186,000 per year till 1906
and Can. Pao. guarantees the balance of money necessary for interest.
The lauds In possession of the company are about 14,934,237 acres.
The land bonds of 1931 are receivable for lands and may be paid off at
110. There are also $43n,03S Nort a Shore Railway 1st mort b mds.
From Jan. 1 to Sept. 30, 1888 (9 mos.), gross earnings were $9,371,430,
against *7,904,469 in 1887 net, $2,292,379, against $2,(j9tj,9i)2.
The annual report for 1887 was published at length in the Chronicle,
;
T. 46, p. 608, 617:
OPERATIONS AND FISCAL RESULTS.
1886.
4,464
1,899.319
150,466,149
2-10 cts.
2,016.195
555,438.159
1-10 cts.
$2,859,223
627,404
$3,170,714
6.112.380
798,710
$8,368.4 <3
5,143,276
_ 6,378,317
Earning* —
Passenger
1837.
4,960.
2,057,089
174,687,802
1-98 cts.
2,144.327
687,786,049
l'OOii ots.
4,881,8.16
$10,0sl,.»04
$3,225,217
$3,703,487
61-46
63-26
INCOME ACCOUNT.
$3,453,818
6,924,130
1,228.465
$11,606,413
8.102.2
-5
$3,504,118
69-81
„ . earnings
Net
1886.
1387.
$3,703,487
$3,501,118
Fixed charges
3.068.042
3, 210.264
Surplus...
$635,445
$25.i.~5
-(V. 45. p. 52,239.400; V. 46, p. 38, 102, 448, 4 10. 608, 609, 617,
634, 708. 770. 771 (M. S W. C.I; V. 47, p. 50, 170, 472.)
Cape Fear
Yadkin Valley.— In operation from Fayetteville, N
C. to Bcnnelteville. S. C, 57 tuiles; r'ayettevllle, N. C, to Mt. Airy,
N. U, 168 miles; Factory branch, 10 m.; total, 235 miles. Road is
,
•
A
some 200 miles additional, and is in course of construcNorth State Improvement Co., which Co. holds $750,000
Zd M. Income bonds. Series "B"boudsare a 1st mort. on road from
Grei nsboro to Mt Airy and a second on additional mileage Tlie total
stock is $810,351 (par$lrjO), $793,550 being outstanding April 1, '8-<.
Apr1 * t" Aug. 31 in lr-88 (3 months), gross earnings were
i.!V."
projected
tion by ilie
'
,
$121,360. against $.i7.398 In 1887; net, $48,611, against $12:862. In
year ending March 31,1 -88, gross earnings were $2.) I.5u0; net, $142,774; in lt>86-7 uross. $236,o66; net. *111,535; surplus over rentals
Interest,
$46,797.— (V. 46,
p. 319.)
C, r?Jln * Central.—Owns rroni Wilmington, N. C, toBctherfordton,
n
«.
2b7
an
branch, 9 m.: total, 276 m. Formerly Wi'mi. Char
chartered In 1855, and foreclosed May 3, 1873
? Kutlierfoni.
Dena ce ver 1" acca I" Possession April 5. 1876. Sold in fore,
!>,
SKll!^2 i
.
l8 *°.' for $1,200,000. Controlled by Seaboard A Roan
22. L^JtN Vi
1
* Gaston. Stock, $1,200,000. From April 1 to cpr,
(
Kro ^ ear nK8 were $212,217, agains, $210,46 ( iu
j?
1MM*«.V?2]
1687,?n
n t. $51,
404, against $10,950. In year e rding tf arch 31, 1883,
W8 re- 52 1U * : net, $157,402; surplus over lstjnort.
U
SS^f^.'.
« ,
interest, etc., $5,96
in 7i
'86-7, gross, *50u.26i>- net *183
3 77'4 sum n<
et°Br,dge\tms '$2t 6.3K? at
ySerSSSfc. Kuaranteeu
S&2TCb* ^»'»'n*»»
,nls <*»• »nd the Wil. Col. A Aug., and
totm-rt".aid?'
C.,
£750.000
15,000,000
2.544.0O0
6,650,000
1,500,000
2,000,000
1,200,000
1,500,000
2,250,000
510,000
1,159,500
3,200,000
230,500
1,300,000
589,110
1,377,000
1,600,000
1*4
F.
5
5
J.
M.
M. 'AN. Philadelphia Co .'s office Nov. 19, 1888
A A. Phila., Phila.A Read.Co. Feb. 1, 1902
Feb. 1, 1900
do
do
A A.
7
44 J. A J. New York, 44 South st. July 3. 1888
July,
1887.
Jan.
Last
paid
2, 1907
J. A J.
7
6g. M. A N. N. Y.,195B'yAUn.Tr.Co May 1, 1895
do
May
do
1, 1895
7g. M. AN.
1896, '97, '98
D.8. Treas.. at maturity
6
June
22, 1888
4
J. A "D. N..Y,H.B.HollliisAJav.
Jan. 1, 1893
J. A J. N.Y.Nat.City Bk.,A8av
7
"3"i«
6
630,000
1,600.000
7,500,000
4.999,000
i0,000,000
4.600.000
987.000
F.
F.
M.
|*
J.
J.
6
May 1, 1937
B. HollinsACo.
Savannah, Ga.
After July, '91
N.Y..H. B. HollinsACo. Jan. 1. 1892
AN. N.Y..H
A
A
J,
J.
299 miles. Road follows the valleys along eastern side of Sierra
Nevada Mountains and may eventually Join Southern Pacific at Moiave.
total
Stook, $6,380,040 authorized; $2,760,000 issued. No luformatio a furnished.
H. M. Yerington. Pres't, Carson. Nev.
Catawlssa.—Owns from Tamanend, Pa., to Willlamsport, Pa., 94
miles; branch. Summit Station to Silver Brook, 4 miles total operated,
98 miles. There are outstanding $271,850 loans of various dates.
Leased from November 1, 1872, for 999 years to Philadelphia
Reading. Rental, 30 per cent of gross earnings and $3,00 ) a year for
company expenses. Funded debt is also assumed by lessees. Seven per
cent is guaranteed on the preferred stocks. (V 43, p. 387.)
Cayuga Susquehanna.—Owns from Susquenann* Klver to Ithaca, N. Y., 34 miles. Leased in perpetuity to Dela. Lack. * West, at a rental
of $54,600 a year. Dividends on capital, 9 to 913 per cent per annum.
:
A
A
Minnesota.— Owns from C. F. A M junction on
Cedar Falls
A S. C. RR. near Cedar Falls, la., to Minn, state Line, 76 miles.
Leased to Dubuque A Sioux City for 40 years from January 1, 1367,
at $1,500 per mile as a minimum and a contingent of 35 per cent of
gross earnings from $3,500 to $7,500 per mile and of 30 per cent of
any excess over $7,500 per mile; minimum rental Is $113,370 per annum.
The Dub. A 8. C. was acquired by 111. Central through ownership of Its
stock in 1887, and a suit is pending to anuul the lease of this road. InThere are
terest was defaulted Jan., 1838. Capital stock. $1,586,500.
also $20,000 1st division 6 per cents (mort. on 14 miles), extended, due
From Oct. 1,
April, 1838 and 1839. iu default since Oct., 1837.
1887, to Dec 31, 1887 (3 mos ), gross earuin rs were $27.3 1 1; deficit
under expenses an 1 taxes, $8,923. J. Kennedy Tod, President. N. Y.
—(V. 45. p. 819. 855; V. 46, p. 74, 102. 199. 233.)
Central Branch I nlon Pacific.— (See Map Mo. Pac.)—Owns from
Atchison, Kan., to Water villc, Kan., 100 miles; leases Atchison Col A
34 miles; total operated, 333 miles.
Pao. 254 miles Atch. J. Co. A
The Un. Pac. Cent. Branoh was formerly the Atchison A Pike's Peak RR.,
and was one of the roads embraced in the act of Congress incorporating
the Union Pacific RR.
The stock is $1,000,000, of which the Union
Pacific owns $853,800. The company received a Government subsidy
It
is
operated
of $1,600,000.
as a part of the Missouri Pacific
system under a 25 years lease, made Sept., 1885, by which the net earnPaciflo
ings are paid to Union
as rental. In 1837. gross earnings,
$1,439,460; net income. $333,579; deficit undercharges and dividend,
$162,802. In October, 138 >. 5 per cent dividend paid; in 1833 paid 10
percent; in 1887, 10 per cent — (V. 46, p. 321.)
Banking Co. of Georgia. -(See 3f«u.)—Owns
Central RR.
from Savannau, Ga., to Atlanta, Ga., 294 ru.; Drauch, Gordon to Milledgeville, 17 in.; leases in perpetuity Augusta A Savannah RR., 53 m.;
Eatonton Branch RR., 22 m. Southwestern RR. and branches, 333
miles; leases till 1985 Mobile .« Glrard RR 85 miles; controls by ownership of stock— Savannah & Western RR.. 315 miles; Montgomery
A Eufaula RR., n0 miles; total operated and practical! owned
Auxiliar.. system (the eariiugs of
Aug. 31, 1888, 1.219 miles.
which are reported separately) includes, besides other lines. Western RE. of Alabami, 1 18 miles; Georgia RR., 3)7 miles: Port
Royal A Augusta, 112 miles; Atlanta A West Point, -17 miles; Port
Royal A West. Oar. 229 miles, and Sav. G. A N. Al.. 6 > miles, and embraces In all, 984 miles. 141 and total of Cent. RR. mileage, 2 203 miles.
Also owns entire stock of 0cea:rS3. Co. Iu tin auxiliary lines the Central RR. owns part interests, either half or greater, represent d Aug. 31,
1838, by $1,461,611 stocks ami $1,119,700 hoods or mortgage notes.
In 1881 the Georgia RR. was leased for 99 years in the luterest of this
company and the Louisville A Nashville, which operate it on joint aoowners of the
I'lin nt. This company and the Georgia RR. Co. are joint
Western RK. of Alabama. 138 miles. The " tri-partite" bonds were
Issued jointly by this company, the Macon A Western and the Southwestern. For abstract of deer! and securities deposited fc the collateral
trust bonds (Central Trust Co. of New York, Tr-uetee), see V. 45, p. 242.
Dividend in 1882-83, 3 per cent: in 1334-84, 6; in 1884-6, 5 p. 0.; la
1886, 6 p. c; in 18s6-7, 8 p. c: in 1887-8, 8 p. c.
The Central RR. A R. miring 00. was controlled by the ownermlp of a
majority of its stoek by the Georgia Oompriny, and in Oct.. 1838, the
Stook of this last-n»n:cd corporation was sold to the Richrn md & West
Point Terminal, giving that company control of the Central Georgia
system. (See V. 47, p. 4 99
From Sept. l,'>7, t .July 3 1, '83 (11 mos.). gross earnings were $6 840,791. agalust $5,857,312 in '86-87; ner,$.-,52 1,315, agaiirsfB2.063.203.
July 1 to Sept. 3D (1 mos.). uross earnings, $1,674,147 iu '88. agst.
$1,671,371 In '87; net, $58 ',876, agst. $55o,9j3.
fiscal year ends Jane 30 (1 hinged from August 31 in 1383): President's report for 1887-8 was in V. 47. p. 285; see also article, p. 274.
*i837-8
1886-7.
18856.
<4ross earnings
$4,032,652 $4,421,630 $4,874,960
2.441.811
2.505 874
2.801,257
Expenses
Net earnings railroads
$l,o76,778 »i,97ii.s(io $2,073,703
5 26,201
Net earnings steamship cos
469,451
274.194
35.5 -1
119.016
Net bank aud investments
36.220
Total net income of company. $2,O82,4o0 $2,289,641
$2,718,920
Less interest aud rentals
1.3 J 1. 087
!3,"554
Excess of income over fixed charges
* Includes 12 months. July 1. 1887, to July 1, 1338.
-(V.45.P.34. 160,173.210.242,271,400, 744; V.46,p. 37; V. 47, p. 50
226, 274, 28 1, 235, 110, 499.)
A
the D.
'
W
;
,
A
—
;
,
Freight
Mall, express and mlso'us.
Total earnings
Operating expenses
Net earnings
Perct.orop.exp.toearn'gs
and
7,000,000
3.463.000
34.998,633
(1)
50
50
1882
1870
of the roads Jointly and paying from the net earnings the fixed
charges of both ; then the division of the remainder between the two,
In the rate of two-thirds to the Michigan Central and one-third to the
Canada Southern. In 1886 the surplus to C. S. was $107,335; for 1887,
surplus, $">10,870 and balance over dividend of 2»» per cent, $165,000.
For latent reports of earnings see Michigan Central. (V. 44, p. 21, 584;
V. 45. p. 5, 25, 886. V. 46 p. 783. 802.1
1885.
Miles operated Dec. 31
4,338
Passengers carried, No....
1.661,719
Passenger mileage
116,702,980
Bate per passenger pr mile 2'45 cts.
Freight (tous) carried
1,996,355
Freight (ions) mileage
406,822,166
Bate per ton per mile
1 -20 cts.
A A. N. Y., Grand Cen. Dep. Aug. 15, 1888
A J. N. Y.. Union Trust Co. Jan. 1, 1908
Mar. 1, 1913
do
do
A S.
F. A A. N.Y., 59 Wall St.. A Lon. Aug. 17, 1888
Montreal.
1899 A 1910
5 A 6 Various
1902 A 1904
do
A. A O.
5
A. A O. Montreal.N.Y.orLondon Oct. 1, 1931
5 g. J. A J. London, Baring B. A Co. July 1, 1915
July 1, 1937
do
do
5g. J. A J.
July 1, 1938
3>«g. J. A J.
do
do
J. A D N.Y.,59 Wall A London. June 1, 1934
a**
5
g. J. A J. London. Barin * B rs. ACo Jan. 1, 1937
g J. A D. N.Y., Farm. L.A Tr. Co. June 1, 1916
2
June 1, 1916
New York.
6g. J. A D.
Mob. 31, 2000
N. Y., Bait. A Phlla.
J. A J.
July 1, 1915
8£ J. AA J.
July 1, 1910
A.
O.
l J.
July, 1911
New
York.
A
J.
\
July 1, 1913
A
do
6
J.
J.
$15,000,000
13.920,071
5,100,000
65.000,000
1,000
1878
1883 1,000 Ac
100
iu.,
i
S*,V't' *
|
1 ;
,0 r
<3 '°ot ?»"ge')-From Mound House Nev., to
Ci^lS?L*
tSS
f^2.,r
canueiaria, Nev.,
miles; Junction, Kev., to Keeler, CaL, 141 miles
158
i
<
)
Novucbkk,
1888.]
RAILROAD STOCKS AND BONDS.
25
96
INVESTORS'
SUPPLEMENT.
|Vol. xlvii.
1
November,
1
1
:
:
;
RAILKOAD STOCKS AND BONDS.
1888.]
27
Subscriber* will confer a (real favor by giving Immediate notice ot any error discovered In these Tables.
Hondo— PnnoiDESCRIPTION.
INTEREST OR DIVIDENDS.
Miles Date Site, or
pal, When Due.
Amonnt
When
Where
For explanation of column headings, Ac, Me notes of
of
payable, and bj Storki— Last
Road. Bonds Value. Out* landing "tt-T Payable
Whom.
on first page of tables.
Dividend.
I
Otnlral aTaanaraw—na Btock (93.852.088
Mortgage bond*. Interest gnar. by B. A
u
pref.)
104
....
|U o
1*900
9729413*988
648
....
100
....
1*87
1869
1872
1874
1x81
1883
18*563,200
28,812,500
5*900,000
1,283,000
4.059.000
5,000.000
077,000
I
Jersey—Btock
eAr
General mortgage, gold (reg. Q. -J.)
1st mortgage bonds
lfcmds (convertible Nov., 1875 to 1877)
Consolidated mortgage
Am. Dock A Imp.Oo. M. bds.. guar, redeem, at 1 10,
Debenture bds-.conv. Into stock till 1907
OmdnU OMe-fttoek <9lll.500 of thUlspref)
Otntral of
Jf«t»
74
I
....
87
....
....
137
1st mon. bond*, ilnkin.
Ooneol. 1st mortg. ifor 92.850.0OO), gold
o
Otntrmt Pnstfffl Btock
...
1st m., gold. 12 sink, f, 150,000 each), not
1st 8Joan'nVsJ.Br..g.(s.f. 950.000) not drawn.
D. 8. Loan, (2d Ilea on certain terms'.
West. Par-. 1st .a.f..not dr'n<91 1 l.OOO.J AD.due'aoi
I
....
....
Land grant
1st mortgage, bonds, not drawn
l»t m. A land grant, gold, bds , s. f, not drawn ...«
Otntral of ri.-8tock, Cousol. Vt. (9750,000 pref.)
Btock, Central V\
Consolidated
of Vermont, 1st mortgage
Mtssteeqnol Vail
ntat ....
.360
....
14 1;
1870
737
147
123
152
14
....
....
483
1869
1869
1868
1873
1870
1888
l.l»H)
1.IHH)
1,000
l.ixh)
1,000
50
l.OK)
100
l.'MHI
I1B
191
1872
500
sir.
1..MSJ
—
S£
..
.
RR
m
to following earnings and fixed ohargea
af old fixed charges prior to the reduction of
alar the recent reorganisation)
1997.
1886.
Imertmm. Decrease.
99.211.405 90.331.998
..
99.862
Pretohtaad express....
9*127.151
2.835.559 9591,591
Anthracite corn...
5.18O.S<0
8,468*959
287,883
U.S. Mall
94.047
_
514
Mlsccllsneons
421*908
481*424
59,615
KM
Net earnings
Fixed charges
Surplus
911*552,152 910.749.891
8.425.772
6,284.098
9809.961
143.532
9S.126.880 84.459.793
4*577,862
4*548*961
9649.731
31.501
8548*517
884*588
-5 112. 113. 135. 166. 271. 301. 402. 50>, 572,613,680
700,855; V 46. p 37. 41. 133.
9: V. 47, p. 108.1
Central Ohio.—Owna from Bellaire, Ohio, to Columbus, Ohio
~
187 miles. Chartered la 1847 and opened
ied In 1854. Reorganised
In
1869. Leased to the Baltimore A OuloTfor
-. Tor 30 years, Nov. 11. 1866
rental, 95 par cent af gross earnings, sad in 1880 the lease was
extended to Dee. 1. 1938, with the option of renewing for term
rears perpetually. Making fond for 8 par cents held June 30
8658.000Co.-s bonds and «1M. 140 stock given above a* ouUtai
• it-t ladfemg;
lalstnkiig ,M
at par 8834,7077 The eonsol. mortgage (Mer
I
lml
Co mpany af
"SZJST<
Is for 82.850.0O0.
9834.388. The road beowned jointly with the Plttsb.
Bait., trustee
)
... is
PacltU. >-Un*
or Road-
si.. toOgdeo. Utah, (including 11 miles
Lathrop to Goshen, 146 miles Roarvtllo Junction to
I Uae, 399 mile*
lines 96 miles; total operated and
;
A
for Jaa. 1. 1888, 1,360 miles Stockton
Cjpperopalla Rail
49 miles, is leased to Central Pacific, but operations are reported
aaaarately. (a connection with the Union Pacific, toe Central Pacific
Uae from Han Francisco, Cat. to Council liluir-,
j
'» Office.
N. Y.. 119 Liberty
do
do
do
ilo
do
do
do
do
do.
do
Bait., at B.
A O. office.
do
do
do
do
N.Y..8.Pao.Oo.,23
do
do
U.
1,
1,
BrU
1895.
Oct-
N. Y..8.Pao.0o,, 23 BrU
U. 8. Treasury.
*
V
a"j. Boat. Am. Loan ATr.Co. July
*
A
A
N.Y..*.Pac.Co..23Br'd. Jan.
New York A London. Jan.
do
O.
O. N. Y. A
do
,
San Francisco.
'6. '701*8
1, 1900
1886 to -us
July 1. ISM
1899 a 1x99
Treasury.
5*. J.
6g. J.
eg. A.
eg. A.
J.
J.
1906
1 ,
do
do
8.
Oot.
July
1987
Feb. 1, 1890
Nov. l, 1902
July 1. 1899
July 1, 1921
May 1, 1908
July 3 1888
Sept., 1890
Sept. 1, 1930
Aug. 1, 1888
st.
1,
1.
1918
1892
Oot. 1, 1890
Oct. 1. 1936
900,000
4.V*>.000
1.127.000
1*080*900
9.000,000
900.000
5
j.
<W
A
g.
7g.
J.
7
J.AJ.
A J.
7
A.
J.
A
A T. Co.
A New York.
Boat. Safe D.
O.
Charleston
July
Jan.
N.Y.,Rlch.4Dan ,2Wall Jan.
do
do
Jan.
1,
1918
1.
1.
1947
1936
1,
1895
1910
1,
charges for transportation on its account, ainl also to receive 5 per cent
of the net earnings the "Thunnan" act of May 8, 1878. directed that
the other one-half of charges for (iovemtnciit transportation should be
withheld, and also that the company should pay 91,200,000 yearly to
the Government for the sinking fund of Its 'lebt or as much thereof aa
shall make the 5 per ecnt of net earnings, plus the whole transportation
account, equal 25 par cent of the whole net earnings for the year. Deo.
ii. 1987. accrued Interest due the Government amounted to 932.nn,s-tS. snl par value of securities In i: s Qor. rink. fd. waa *
There was paid to the atockhoM-r of tin' Oregon Aral. KK. 80,000
shares at Oentr.l Paciiic stock for tn.-ir O. A C. stock, bringing that
property Into the Central Pacific In 1887.
Stock aao BoaTDa—The following dividends on Central Paclflo stook
werr paid, viz.: la 1877, 8 per cent; 1880, 6 par cent 1881, 6 1882, 6
in 1884, 3; and In Feb.. 1888, 1 per cent. Prices of stock
since 1879 hare bean: In 1880. 63»97>a; In 1881. 8048102V
82
In 1882,
sj»97'«: la 1883. 81888; In 1884. 3O»07%; In 85,36 >«»49;
-a.M; In 1887. 2i"sa4iH; and In 1888 to Nov. 16. Inclusive,
26<as>37>s. Most of the Issues of bonds hare sinking funds, aa
s.-en In the table above, and these sinking funds are Invested mainly
In the hoods or other Huntington lines and accumulate; the bonds
era not called In. The sinking funds amounted Jan. 1, 1888, to 96.241,653. The land grant bonds are purchased with proceeds of land sales.
There was to the credit of the land grant bonds Deo. 31, 1887, 81,572,
891, secured by a deposit of 91.500,000 bonds of 1938. Of the land
grant mort gage of 1 J6 W. E. Brown and Prank 8 Douty are trustees.
Til r.
-The total land gr »»»•• t the Central Paoiflo and the
California A Oregon companies was about 12,000,000 acres, of which
about 3.470.0IHJ acres had bean sold to Use, 31. 1887. In 18*7 231,562
acres were sold for 8105,324 snd total cash receipts of Land Department were 8495.948. Land contracts on hand Jan. 1. 1888,91,117,408.
OrcxuTlovs, Fixakcbb. etc.— The C. P. stock, after paying dividends
for a few years, paid nothing after February, 1884. till 1888, when 3
per cent waa paid. In 1885 the road was leased, aa above, to the So,
Pacific at a net rental guaranteed of 91.200,000 per rear, subject to the
debts due the lessee oompauy. but In Jan., 1898. the minimum rental
waa r deed to 91 ,380.000.
In 1887 the floating debt was wiped out, and first dividend under the
lease waa Jpald Feb. 1, 1888
The reduction of the floating debt, waa
accomplished by the sale of materials to the So. Psc, Co. and the Issue
of bonde. (See report, V. 46, p. 571).
OB1BBBAL BALAICa RlikkT, DKCBMBKB 31, 1887.
Construction and Equipment
8167.404.012 68
Mleodlanroua Investments
1,799,08507
Land Contracts. -Deferred payments on time sales
1,117,407 53
Cash Assets over Hunting Debt
1.790,194 65
;
<
:
I
:
>
.
9172,110.699 91
Capllaletoek
838,000,000 00
Funded Debt..
95 '.8 ,0.000 00
Less Amounts held in B uVIng funds
of the Co, and Land Trust Funds...
7.814,5.
United etatos Bonds.
27.855.69000
lavs payments ma 'e la full to date for
lbeU.8 requirements, under acta of
1862. 1-61. an 1 the Thurman Act .. 10,041,722 1*— 17,913.957 82
O metal Income Account
3,459,79157
Income used for Redemption ot Lsnd
8.l29.2r>8 46
BondIncome used for 8l'ik'g F'ndaof the
17:156
Income used for U. 8. Requirements
10,041.722 18— 31.231,285 77
.
<
.
18; net.
an. A St. Lonla RR. Co.
£«"»ral Facia*.-, est Jfap o/ toulMtm
Oregon'
Boston Co
Total Assets
8631.277
Deficit
6.1 M Nl.tKNI
1,000
1.000
Central
usetta.— Formerly the
Central.
Bold in foreclosure Kept. 1.1Maaa.. 104 miles. In Sept.. 1888. leased to Boston A Lowell for 99
r e.nt of
year* at a rental ot 90
earnings up to 91,000,000. but
with a guarantee of
to par Interest—<V. 45. p. 642.1
Central af Near Jersey (Sot Hap/ -Owns 909 miles, leasts 284
tUea and operates
sees 116 miles;
mil<
total, 648 mile*, not Including the
Switch-beck." 18 miles. The principal leased lines In Pennsylvania
loaquehanna and the Lehigh A Lackawanna, with
Under the lease of 1883 to Philadelphia A Reading
Lehigh A _siaanahanne was made 91.414.400
_ iana rental of
and maximum 91,798,709 a
tStak
91 .885*900 till 1893, and
after that 92.013.000. A majority of the Lahlga A Wllkceharre Coal
Company, stock Is held by Central of New Jersey, and of the
911,500.000 Lehigh * Wllkeslmrre Coal bonds. 96.llo.000 are held
by Central of New Jersey and receive Interest after all other bonds
Ted. The entire capital of the American Dock A Improvement
is owned by the railroad company, and the right exists to
the bonds br lot at 110
On June 1, 1883. the road waa leased to the Phlla. A "fflirmr
Co.. but on Oat. IB, 1888. Messrs. J. 8. Kennedy sad Joseph a, Karris
were appointed receivers, and took possession Jan. 1, 18s7, remaining
till Jan.. 1888. whan the road weal back to its owners.
In June. 1897, a plan far complete readjustment of the debt was pronosed, under which the gold mortgage for a* sth.iiiijd amount of
l&o.OOO.i.oo was leaned. See abstract of mortgage V. 45, p. 402.
Trustee of consolidated and general avortgagea U Central Tr. Co. of NY.
The fall statement of the company's proposal to eaeh class of debt,
with status. Ac. waa given In V. 44. p. ' 14. 716, and the receivers' report at length In V. 46, p. 4
From Jsa. 1 lo Sept. 30. 1888 <* months), gross earalau were
1.709*898, agalnet s8.515.839 In 1887; not 94*383.920. against
taxes.
8,000,000
5,865,000
1.000
1 92300.000
1,000
1,000
J.
P.
Various
8
1,000
100 4c
2d-
A
g.
1
1,000
....
1887
1-86
1888
...
.
TntaJa
2.500,000
1.000.000
68,000,000
2SeS3S*000
8*080,000
1,000
1,000
Ai'Z'o.
A J.
A A.
7
M. A N.
7
7
Q-J.
5
J. A J.
M. A N.
6
S
J. A J.
M. A 8.
6
4«ag. M. a a
6g. J. A J.
eg. A. A O.
6
J. A J.
6 g. J. A J.
5
1.000.000
CAir.-lst SI g., (825.000 p. in.) .c*
OhorUnnn * tmoa nnojt Oun. M.91.8OO,0OO.g...e
1st and 2.1 pref Incomes. 8l.00o.000 each
Okartntu Cofumtna <t eMfiisia— 1st
Operating exp.
"s"
1050.000
RR
*
jOOA-e.
l.O'K)
Wort. Pac, (iovernment lien
Ohmr. Oiftn.
2^J0.000
;
,
Total Liabilities
8172,110,699 91
Prom Jan. 1 to Aug. 31 In 1888 18 months), gross earnings on 1,361
miles were *li).222/57. againi on 1,361 m
94,152,415. against 94,023,888 in 1887: surplus over interest, rentals,
Ac. 9292,813 In 1»88
The annual report for 1887 (Chkoxiclb
•
arnl.igs 913
ilaaoe
856, V.
<>t
due
r
193.
1.
.
V. 46,
p.
571) showed gross
dns Central Paoiflo Railroad 81.086.'ie(tom*koguaraateed rental) 9113,287.
profit
57l,60e.
7.17;
V.
0, 472. 813. 743, 819.
47. p. 21, 140,352,110,
531.)
InMafeallSSS. the Central'
i.i.iral of Vermont. -This company waa organised in April,
Oommmmp. The Cant Paelne reeetves all its net surplu1873. under a charter from Vermont. It has no road of Its own, but
above annual charges of every sort and betterment-, and a minimum operates a large mileage under lease. The Consolidated RR. of Verrental of 9I.3W.im>} snd a matlmum of •4.080.0'JO (|»yable annually mont waa organized
--!.• .iiiraelng the former Vermont Cenon May ,. la provided for by toe lease, but this rental is first applic- tral and Venn ml A Canada properties, and was then loosed to 'lie Oonable to the payment of Cent. Pec. floating d* t If any. ami
irai Vermont. The stock of the Consolidated Vermont Is 97.i0.000 prowere paldutMhr the lease on Cent. Pacatock till Peb.,1888. when 1 pat ferrcd
Tim stock of the
u per cent and 83O0.O00 common.
cent was paid.
Central
Vermont la 91.00U.ixm}. .ml It operates under lease
rr, «« iJtaiasV, *C.-The 0, P. waa a consolidation (Aug. 22. the following roads: Consol.
of Vt. -Windsor to Rouse's
KK
• JJ? 0"*J
1970) of the Central Psciflc (organized Oct. 8, 1864), California A Point, 158 miles; Kssev June, to linrlingson. 8; 8wauton Juno, to
Orasain, Ban Francisco A OakhUKl, Ban Francisco A Alameda and Ban
I. inc.
11; KitUnd KR— Mellows Falls to Burlington, 120;
J^amrta Valley ralkwads. The act of Congreas of July 1 1 862, granted Addison RR Leicester June, to Tloonderoga, 16; Montreal A Vt.
U. S. bond subsidies sad lands to toe Padnc railroads; the act of July, Junction— Province IJne
-. 8" A Chatnbly KK. -S. 8. A
1984. amde the Men of the Government subject
ie first mortc. June, to Waterloo. 41
Ogd. A Like Champlaln KK.— Rouse's Point
»«e bonds, bat aetoorkaad tan Oovemmcat to withhold one-half the to Ogdeusburg, 118; New London A NorUcru KK. -Uraltlel>a,VX-.
Pacific
.1
i
I
.
•
.
—
I
I
;
-
'
I
mVESTOKS' SUPPLEMENT.
ISIoimvUi
New
[Vol. XLVII.
Berlin
X
1
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(•W.tkins
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klU\.ma
WaltoiiV
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stafford
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All
MAP OP THK
CENTRAL OFRAILROAD
NEW JERSEY
AND CONNECTIONS.
'
November,
RAJLROAD STOCKS AND BONDS.
1888.J
39
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Cil,
Mn
•
M
M>9»
l
UtAifJ.
K.r«rf.
/*»•».
Mh<nl
.hTaN
^.^IrtiTt.
P
^.dg.vill.
MAP OF
CHARLESTON. CINCINNATI
"*ft^
=3
CHICAGO
*r
)
-
Dublin J
.
RAILROAD AND CoSNFXTIONa
X^
^
'I/.
'***" ->'r.n
C..£luJ,
unt
\j
Winth
Co'"
—-r:
<^>c^',',°
Oa'hrmo
HawTdni^X
8AVANN
-
/
-
*
,
,
SUPPLEMENT.
INVESTORS'
:to
Immediate notice of
"sabaerlbors will eo»ftr a «rent faror bf KtTlng
For explanation of coliuun headings, Ac,
on first page of tables,
Miles
of
see notes
Roart.
OkarMIe Columbia d iumuta—(Continued)—
Columbia
A Angum 1st mortgage..
ed
OMo— Purcb. money
funding bonds...
1st mortgage, gold, series "A"
»
do
do
,1,
B," ext'd at 4 per ct
do
do
So
cash) ......
Sd mortgage, our. (Interest In stock or Extension
Peninsula
1911,
^t mortgage, gold, of
(for $3,000.0^0)
1st mortSoldi of 1922 on extcn.
Eouliunent trust bonds
iMttiss
>.«>;
Id., g. ($19,000 p.
0*2 dhiodSoutloreMt.-in
o
fld mortgage (#11.000 per mile)
are Pa)
I'adue A EnVTst M..dr'n itK'O ($300,000
o$2,000,000
for
Equipment trust bonds
m
c
;•";
140
23
35
428
503
4S8
428
428
75
stock
;-•;•--.-
Inferred sfck (7 p. c. y'rly not cumulative)
Oen. mortgage, sterling, tor *900,000
per cent, stock, gnar. by C. A A
M. assumed.
St. Louis Jacksonville A Chie., 1st
1st M. end. by Chic* Alton
do
do
by C. A A..
endorsed
2d M.
do
do
2d M., as-timed (conv.) ..
do
do
by
0. & A.)
assumed
La. A Mo., 1st M. ($139,100
Jollet
do
do
* CmV.. 7
2d M.
(int.
guar. C.
4
A.)
guar. pref. stook
Blnk. fd. bds. for K. C.
8UL.4
.-
C. (1st
M. ns
-,vv:
collat.)
of
Par
Bondl
Value.
1865
L883
18*7
1871
1887
1878
1878
1878
1878
1878
1881
1882
$....
sss
351
186
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1873
1862
1,000
1,000
100
1864
1864
1X68
1868
1870
1877
1.000
1,000
1,000
1,000
1,000
1,000
100
1878
i.62
1,000
;
;
1888 leased the Miesisquoi
Vt'.f& niile«; at 4 per cent on $500,000 stock.
net
In year ending June 80, 1887, gross earnings, $4,481.60:;
etc.
earnings, $1,313,675; baiance over rentals, taxes, interest,
over
•88 835. la 1887-8 gross, $1,773,373; nut, $1,3 >6,751; balance
V.
rentals taxes! interest, $54,732.-(V. 43, p. 274,308; V.41,p. 433;
45, p. 512; V. 47. p. 459.)
-This road is
Charleston Cincinnati 6c Chicago.-, See Wop.)
Irom Charleston,
being built by the Mass. 4 8 .nth. Construction Co.
8 C through the States of South Carolina, North Carolina. Tennessee.
beVirginia and Kentucky, to' Ashland, on the Ohio River; 147 miles
18*M
1
tween Camden, 8. C. and Rutherfordton, N. C. is now (Dec.
the
South
with
connection
line,
iu
In operation, forming a through
Carolina RR 290 miles long, between Charleston. 8. C and Rather
fordion. N. C. On Aug. 2. 1887, the company Toted to take up and
and to
camel the bonds lawed under a mortgage dated Oct. 1 1886,
Usue the above bends, covering the whole Hue of road from Charleston
Which
to the Ohio River. The counties, towns and townships through
the road runs have already voted aid to the amount of about $1,*0<>.000. payable in their 6 and 7 per cout bonds, in exchange for an equal
amount of stock. These subscriptions are payable as the road is eouiPar of stock, $100. Genera! offices ot the company, 45 Broad
nleted
way, New York.-(V. 15. p. 013; V. 46, p. 4D>, 829.)
Savannali.— Owns irom Savannah, Oa., to CharlesCharleston
ton Junction. S. C, 104 miles (except 7 miles trackage), and branch to
Youngs, I'd, 6 miles; operates— Ashley River branches, 4 miles; Charleston Junction to Charleston, 7miles; total operated, 121 miles. This was
Savantlrst the Charl. 4 Saw KR. reorganized in 1866 under name of
nah 4 Charleston, and opened March, 1870. Sold in foreclosure June
In
addi8tocK,
$500,000.
organized.
7. 1880. and present company
tion to the geu. mort. bends, there are $1,000,000 1st pref. Income 7s
Earnings,
gross
iu
$195,762
1887,
and $1,000,000 2d pref. income 7s.
net oyer expenses and 1 axes, $82,610. H.B. Plant, President. New York.
fn 3"pt
,
,
,
,
&
;
;
& Augusta.— Owns from Charlotte, N.C.,to
Augusta, Oa.. 191 uulcs: leases Atl.Tenn. fcO.RR., Charlotte to Statesville 44 m.; Cheraw 4 Chester, 29 m„ and Chester 4 Lenoir, 109 m.;
total operated 373 mll< e. This was a consolidation (July 9, '69) of the
Charlotte 4 So. Carolina and the Columbia 4 Augusta. The road has
been under the control and management of the Richmond 4 Danville
since '78, and In May, 1886, was leased to that company. There wcrea'so
outstanding Bept. 30, '87, $90,252 certificates of in lobtelnes'. Noucot
the new consol. bonds had been Issued to Nov. 15, '87. From Oct, 1, '3 7,
Aug. 31, 'bH (11 mos.) gross earnings were $852,662, ag'st *739,l85 In
•8i:-7: net, $36i>,934, ag'st 9S9b,88B. En year ending Sept 30, '67, gross
eatn's were $826,116; net over expenses aud taxes, $404,246; surplus
over Int. and rentals, $13,-54. Gross, 1885-86, $785,759; uet, $257,767
Stock, $2,578,000; par, $100.
deficit after all int. and rentals. $1,551.
Dividend of 4 per cent paid Dec. 5, 1888.— (V. 46, p. 699.)
Owns from Mansfield, Pa., to Washington, Pa., 23 m.
< harder*.
Bold under foreclosure, and reorganized in 1867. Leased for 99 years
from January 1, 1872, to the Pittsburg Cincinnati 4 St. Louis; the
rental Is net earnings. Gross earnings in 1886, $217,044; net earnings,
$111,258. In 1887 gross $195,863; net, $75,848; surplus over fixed
charges and dividends (5 per cent). $8,07i». Capital stock, $645,300
(par $50), of which Penn. RR. owns $S26,350. Dividends In 1887, 5 per
cent; April 2, 1888, 2>« per cent an 1 Oct. 1, 18SS, 2"« per cent.
Columbus.— Owns from Chattanooga to
Ckattanooga
with bnnch to
Carrollton, 110 in., ami i>ro,e:tod to Cduin >us, Ga
Montgomery. This company Is successor to the Rome 4 Carrollton RR.
There are o per cent Income bonds, non-cumulative, for $ 1 ,400,000, and
•toek, $2,800,000. Of the 1st mortgage bonds $150,000 are held to retire
same amount of R. 4 C. prior bonds. J. C. ClemenU. President.—
—
Home &
,
(V. 46, p. 829.)
M.
3Ǥ g
I g
-
?*
§*•
g
-
6
6
*'
6
6
•191.000
100
500 4c
100
100
7"tV78
4 j. N Y.,Rlch.4Dan.,2 Wall Jan. 1, 1890
July 1, 1933
do
do
4 J.
1937
4 8. N.Y., Simon Borg 4 Co
A. 4 O. Philadelphia. Peun R.K. Oct. 1, 1901
Aug.
R'lding
15, 1937
N.Y.Offloe.Mills
A
F. 4
J. 4 J. N.Y OIHce.Mills B'ldiug July 1, 1898
July
Al'o
1, 1908
Y.Drexel,
Mora
N
A. 4 O.
M. 4 N. May, '87. last pd.i 3 cash July 1, 1908
Office.
J.ly
1, 1986
Company's
N.Y.,
4 N.
do
July 1, 1918
do
4 J.
1911
Jan.
N.Y.,Drc.xel,Morg.ACo
1,
4 O.
June 1, 1922
do
4 D.
do
Various.
do
do
Various
Aug. 1, 1911
F. 4 A. N. Y., 23 Broad Street.
Feb. 1, 1911
do
do
F. 4 A.
do
do
Feb, 1, 1897
F. 4 A
Yearly to 1892
do
do
J. 4 J.
July 10, 1888
Keene, N. H.. office.
J. 4 J.
July 1/964 '98
Boston, Office.
J. 4 J.
r.
J.
»•
2,000,000
4.073,910
10, 01,200
10.106,289
2,000,000
142.000
1,371.000
6,179,000
2.8»3,000
48
755,000
6
2,100,000
800.000
14.112,000
3,479,500
4.379,850
2,383,000
1,500,000
2,365.000
561.000
188,000
44,000
1,785,000
300,000
329.100
2,417,000
3
6
2
Whom.
Payable
7
2,2-17.000
pal, When
i
Cent.
2,090,000
500,000
875,000
100 4c,
Honilt— PrinciDue.
Stocks— Last
Dividend.
INTEREST OP. DIVIDENDS.
When Where Payable, and by
Nil.
XLVIL
any error discovered In these Table.
Rate per
$189,500
100 4c.
4 Whitehall RR.-Brattleboro to LondonNew London, 12 1 Brattleboro
r to Barre, 7; MisdOTy~36; Montpclier A While River RR.-Montpeli,
to Bolton Centre, 10 total. 672 m.
RR.-Eastmans
•Isauoi 4 Black River
Valley R.R., St. Albans to Kiohfoid,
Cbarlotte Columbia
Outstanding
100 4c,
"fl'i
849
849
322
220
38
150
37
37
150
101
101
Amount
1,000
1,000
1,000
1,000
1,000
1,000
1881
1881
1877
1882
1
Ohuaaod Alton—Common
Size, or
Var.
i
^^u^{roW :^^iv.nej, iyi;-f898:::c«
Date
[Vol.
fcE
4
2
J.
J.
4
A. 4
7
A. 4
7
J. 4
7
J. 4
7
F. *
7
M. 4
7
F. 4
3»a
6g. M. 4
1%
J.
J.
C
N.Y.,JohnPaton.vCo.
Deo.
j
and
Dec.
July
Jan.
Uhlo. Treas.Offlce
Lond'n,J.8.Morgan4Co.
N. Y., John Paton 4 Co.
N. Y. U. 8. Trust Co.
O. N. Y., John Paton 4 Co
J.
J.
A.
N.
A.
N.
Oct.,
1388
1888
1903
1893
1888
April 1.1894
April 1, 1894
do
do
do
do
do
do
do
do
do
do
do
do
do
do
O.
1,
1,
1,
1,
July 1, 1898
Julyl, 1898
Aug. 1,1900
Nov. 1, 1900
Aug. 1, 1888
May
1,
1903
In February, 1888, Messrs. Drexel, Morgan A Co. issued a new plan
for che complete reorganization of the oompany an I the completion of
the road to Cincinnati, together with a bridge there over the Ohio
River. This pl»n was given at length In the Chko.sicle of February 11,
1888 (V. 46), on page V. of advertisements, the main features being
that the, sin allerlssuts of bonds remain intact: that the "B" bonds
receive two-tlUrds of lheirfacein the new 5 per cent bonds and onethird iu 1st pief. stock: the currency 6s to receive their face in 2d
pref. Btock; the 1st pref. stock to pay an assessment of $1 per share,
2d pref. $6 per share and common $8 per share, all receiving their face
value in new stock and also 1st pref. stock for the cash pa d on these
assessments. The now mortgage will be f >r $30,000,000 at 5 par cent
(but the reorgan zatlon trustees may "capitalize" one-fifth of the interest for two year-), ami $5,000,000 will be i ©served in the Treasury
The new- stock will be i«40.000.000 common. $12,000,00 1st rref. 5 per
cent no'i-cumulative and *12,O')0,00o 2d pi ef. 5 per cent. On Oct. 1,
i----. reorganization without foreclosure, in accordance witn the proposed plan, having been agreed to, the receiver was discharged and M.
K Inu-.l!s was ina ePie-ident.
In June, 1888. an arrangement wns made to absorb the Richmmd 4
Alleghany Koad.— (Sec circular V. 47. p. 19 )
The annual report tor '87 was In Chronicle, \ 46, p. 411, as follows:
1888.
1887.
1885.
$3,361.2-15 $4,096,0:8 $4,451,168
Gross earnings
v.867,98 1
2,3-4.159
3.152.170
Op* rating expenses
$9s7,U,5 $1,228,066 $1,298,998
Earnings over oper. expenses
11.626
7.081
1.567
Other receipts
$988,633 $1,239,693 $1 306,079
Total
110,878
109.22 7
91.6 >2
Taxes aud rentals
....
#896,981 $1,130,465 $1,195,201
Balance net earnings
-(V. 45, p. 54, 142, 509. 572.613, 611. b72, 792; V. 46. p. 171.199,
227. 254. 289. 319, 353, 411, 448, 431, 537, 610, 649, 770, 882; V. 47,
p. 81, 199,410.)
Chesapeake Ohio Southwestern.—Owns from Ellzabetht'wn,
'
.
.
&
Paducah, to Memphis, Tenn 352 miles; leased, Ceeilian
of Louisville 4 Nashville, 47 miles. Total operate 1, 398 miles.
In Feb., 1886. leased to the Newport News A Mississippi Valley Co. for
fifty years. The company purchased the Memphis Paducah 4 Northern
Paducah to Memphis— and the Paducah A Elizabel htown. subject to the
mortgage on the latter, and leased in perpetuity the Ceeilian
Nashville, from Louisville to Ceeilian Junction,
f>00,000
ranch of Louisville
(or $t>0,000 per annum, with option of purchasing it for $1,900,000.
Stock— Common. $6,030,600, aud preferred, $3,6J6.000; par, $100.
From Jan. 1 to Sept. 30 In 1888 (9 months), gross earnings were
$!.ni,<V76, agaisst $1,366, 879; net, $501,419, against $514,703.
The annual report in V. 46, p. 448, siowed the following
1837.
1886.
1885.
Ky.,
via.
,
branch
—
4
Gross earnings
Netearnings
Interest, rentals, taxes,
4o
Balance
$2,001,723
$1,713,325
$1,571,156
$809,867
$656,52.5
$502,531
713,620
674.62Q
63 1,9 20
def.$132,389 def.~$18.o9j sur. $96,247
750; V. 46. p. 134, 448, 802
Mass., to Bellows
leased,
Monaduock Railroad, Wmohendon to
54
miles;
Falls, Vt.,
Peterboro, N II., 16 miles; and 10 miles Vermont 4 Mass; total 80
miles but the Monaduock, 16 miles. Is not included in the Cheshire
earnings, leaving 64 miles operated. Rental paid to Vt. A Mass. for
leased portion of road $51,000. Capital stock— common, $53,300, aud
preferred, $2,100,000. Consolidation with Fitchburgwas proposed in
•87, but nothing was done. Iu year ending Sept. 30, '87, gross receipts
were $670,130 net. $163,490; deficit after p lymnut of interest and 6
percent dividend-, $5,511. In 1885-86, gross $628,072; net, $234,439;
surplus over interest, rentals ond 5 per cent dividend on preferred
stock $29,711. against $45,410 in 1884-85 over a 3 per cent dividend.
-(V
44, p. 90, 2J*, 344,
)
Cheshire.—Owns from South Ashburnham.
:
;
— (V. 45. p.
672, 820.)
& Alton.— Link ok Road— Jollet to East 8t. Louis
244 miles; Branches—To Coal City, 30 miles; Dwight to
Washington 4 Lae.'n,' 80 miles; Roodhouse to Louisiana, 38 miles;
Total owned, 400 miles.
Leased—Chicago
fjpper Alton line, 8 miles.
to Joliet, 37 miles; Bloomington to Godfrey, 150 miles; Louisiana
Chesapeake 4 Ohio.— (.S'e Map.) -Newport News.Va., to Big Sandy to Cedar City, 101 miles; Kansas City to Mexico. 162 miles. Total
River, W. Va.,503 miles; Newport News to Phoebus, 8 in.; total owned, leased, 450 miles. Total operated, Dec. 31, 1387, 849 miles.
611 m.; operates only 502 m. Consolidation of Virginia Central and
Organization, Leasks, Stocks and Bonds.— Chartered as the Chio.
Covington 4 Ohio, and opened through March 1, 1873. The present A- Mis-. Fell. 27, 1847; reorganized under act of Jan. 21,1857, as
rompany was organized in July, 1878, as successor to the Chesapeake cliie. Alton St. A Louis, and under act of Feb. 16. 1861, the present
4 Ohio, which was sold under foreclosure April 2, 1878. In Juno, '86, corporation succeeded to the property, which was sold under forethis road was leased to the Newport News 4 Miss. Valley Co. for 250 yrs. closure in the following year and transferred to new organization in
The stocks including scrip outstanding were substantially as fol- October, 1862. Fiscal year ends December 31. The annual meeting
Chesapeake 4 Nanhvlllc.— Road owned 'from Gallatin
to Scott;Tille, Tenn., 3."i miles, ami branch, Gallatin to Hurtsville, 12 miles, in
progress. Construction from Scottsville to near Danville, Ky., 10}
miles. Is proposed. Stock, $1,050,000; par, $100.
lows: Common, $1.5,504.205; preferred stoek-tirst, $8,395,00 second.
•12,200,000. The first mortgage "B" bonds and the series "A" bonds
are secured under the same mortgage, the "A" bonds having no legal
preference by it over the " It" bonds. (See abstracts of the terms of all
mortgages In the Cnm>stct.K, V. 45, p. 54.)
,om Mil
anpany paid in cash apart of the coupons on
. i'
• B
bonds nil Nov., 1887. when it paid nothing on unassented " B"
Huntington tamed u circiilnr under which
many holder* if •If tamds r. duced their Interest io 1 per cout, Ac. 4o.
Ou Oct. 2d, 1887, a receiver was appointed ou n suit by Mr. Huntington.
;
Chicago
(main),
Is
held the
The
Monday in April.
4 Chicago is leased from January 1,
charter, aud forms part of the main line.
tlrst
Joliet
term of
on stock.
its
1S64, for the
Rental, 7 p. c.
The Lcuislana 4 Missouri River RR. is leased for 1,000 years.
Rental, 35 p. c. of gross earnings, but interest guaranteed on second
mortg. bonds and $329,100 pref. stock; the other pref. stock is $1,010,000 and common $2,272,700; rental lu 1887, $2)0,710: surplus above
floating debt; floating debt unpaid Jan. 1,
I, $50,733, applied to
188-J, $77,619.
i'.he K.m. City St. Louis 4 Clue, is
(8ee V. 46. p
leased to the Chicago 4 Alton company iu perpetuity from Novein
3M
I
November,
1888.]
RAILROAD STOCKS AND BONDS.
/
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31
•
:
i
DJVESTJRS' SUPPLEMENT.
32
Hnbwrtber* will confer
DESCRIPTION.
of ooluiun headings,
For explanation
F
on first page of table*.
*reat fhvor by giving
AC see notes
$100
1886
1888
1886
1888
1873
1879
1881
1881
1883
1860
1864
1872
1875
1887
1869
1870
1870
1870
1876
1876
1863
7t>0
189
M
not dr'n <8t. LR.I.4C. M. eoUat.).c
§uiney Alton ,t St. L. (leased), 1st mortgage ... c
Rtv.,
1st niort (oum. s. f., not dr n> o
Mo.
url.A
do 1st M. oouv. bonds, (5th & 6th series) .c
Neb. eous.M.l. gr.,s.f. dr'n at 100
In
Mo.
RR.
Bun. A
S fund
l.'ds,
.
-
Omaha AS.* 1st M.,guar
:::rKo"."°i,
Burl.A Mo RR.inNeb., s. f. for At. ANeb.RR.Stoek
.,
Nebraska Railway oonsol. mort.. guar
e
1,000
1877
1881
1883
;
Ottawa Oswego & Fox River, 1st M......
m. .c*
Illinois OrandTrunk, 1st rnort., $20,000 p.
... ............0
Quitter ft Warsaw. 1st luort
any error discovered In these Table..
Bonds— PrincINTEREST OR DIVIDEND8.
pal.Wuen Hue.
Miles Date Size, or
Amount
Par Outstanding Rate per When
of
of
Payable
Cent.
Koad. Bonds Value.
162
CW«oo»4aJ*«-'0o»«.>-Pf.stJ.K.C.8t.L.4O guar
0. A A.)
ISsaiTippI Riv. Bridge sfk (7 p. c. guar by
100
at
dr'n
g..s.f.
M..assuiucd,
1st 1_...
tiv. B'ge, 1st
„». Riv.
249
Chicago 4 Atlantic— 1st niort., gold, * or ».
249
• .-••-•••-•-••-•
3d mortgage
365
Okicaoo HvrlinaUm * northern. -Stock....
365
l^«».000p.l
IstTred.a. KTafterApj.
365
lo»8..-.
June
after
1,
red.
m.),
p.
(tio.000
M.
2d
•••;.
Ten-year detKiitures
V""V.'w
dr. yearly.
lOp.o.
after':)3
10.'.;
at
bVU.no,
F.iuip.
1,693
Okicago Burlington * Q^SX^nat
825
-.0
Debenture bonds for Han A St. Jo. stock
North Cross R. R. 2d. M (uow 1st), g..s.f.,$oO,000
o
Peoria)
to
(Burlington
mortgage
Trust
Plain bonds
:*ii*iv
'Y.*°.»
roadl.o
D.
M.
A
Knoxv.
Albia
(for
bonds
fd.
Sink
Nebraska ext., $20,000 p. in.(s. f. not drawni.o Ar
O'
Dixon Peoria A Hannibal. 1st
notice of
Immediate
[Vol. XLV1I.
i'oo
96
"33
"45
70
48
40
270
46
281
40
628
49
69-'70
1878
1871
T880
1877
133
1.000
1.000
100
500 Ac.
1,000
1,000
1,000
100
1,000
1,000
1.000
1,000
1,000
$1,750,000
300,000
589,000
6,500,000
5,000.000
9,000,000
9,000,000
900,000
2,250,000
940.000
76,392.505
13,98"6,000
12,044.000
7,968,000
4,300,000
9,000,157
341,000
653,000
1,000
547,500
1,000
373,000
1,000
19,850,000
1 ,000Ac
545,500
500 Ac.
1,076.000
1,000
890.500
500 AC.
720,000
1,000
2,316,000
1,000
810.000
1.000
4,170.550
50 Ac
217,500
500 Ac
600 Ac. 12,787,000
609.000
1,000
3,347.000
1,000
385,000
1,000
~T>9
Where Payable, and by
Whom.
N.
3««
J.
6
A.
2*
6 g.
M.
A
A
Y„ John Paton A Co
Chic, Treasurer's Olllce
J.
John Paton A
Pays 4 percent.
O. N. Y.,
Co.
Stocks— Last
Dividend.
Nov.
1,
1888
July, 1888
Oot. 1, 1912
Nov. 1, 1920
A N.
Aug. 1,1923
tfone paid.
No
A A.
6""
A. & 0. N.Y..F.L. AT.Co.A Bost. April 1, 1926
June 1, 1918
do
do
J. A D.
6
Dec 1, 1896
J. A D. N.Y.,F.L.AT.Co ,ABost,
6
Feb. 1, 1903
P. A A.
7
Q.— M. N. Y.. Boston A Clilc. Dec. 15, 1888
1
7
J. A J. N. Y.,Bk. of Coin. ABost. July 1, 1903
do
Oct. 1, 1919
do
4A5 A. A O.
ito
Feb. 1, 1922
do
F. A A.
4
8ept. 1, 1921
do
do
M. A S.
4
May 1, 1913
do
do
M. A N.
5
July 1, 1890
Frankfort, Germany.
J. A J
N.Y., Bk.of Com. ABost. Oct. 1, 1890
I* A. A O.
Jan. 1, 1896
do
do
J. A J.
7
June 1, 1895
Boston, Co.'s office.
J. A D.
5
May 1, 1927
Bos
Bk.
of
Com.
A
N,
N.Y.,
M.
A
4
July 1, 1889
do
do
J. A J.
8
July
1, 1900
i-'.L.A
Bost.
T.Co.
A
N.Y.
J.
A
J.
8
Oct. 1, 1890
Boston, Co 's Office.
A. A O.
8
July
1, 1890
Bost.
N.Y.,F.L.AT.Co.A
J.
J.
A
8
A. A O. N. V.. Bk.of Com. ABost. Oct. 1, 1901
5
1896
1,
Feb.
N.Y.,F.L.AT.Co.ABost.
A.
F.
A
5
Oot. 1, 1893
do
do
A. A O
7
1894
1889
A
Otflce.
Boston.
Co
's
J. A J.
8
J. A J. Boston, Bk. of Com'rce. July 1, 1918
6
1896
I,
Office.
June
Co.'s
Boston,
D.
J. A
8
Jan. 1, 1910
4
J. A J. Bostou, Bk. of Com'rce
189 6
Oct.
1,
Office.
Boston.
Co.'s
A. A O.
7
P.
I
The main line extends from Chic.
111., Iowa and Neb.
earnings. The bimdsare work of lines in
204 miles, and thence to Pacific Junction, 276
ber 1, 1877. at a rental of 35 per cent of gross
Chicago A Alton Ill to Burlington, Iowa,Junction to Denver. Col.-, 577 miles, making the
the
for
security
as
Company
Trust
S.
U
held by
miles and from Pacific
sinking fund of
1,057 miles. From Pacific Junction
bonds of 1878 issued to build this road, and a Should
the 35 per distance Troin Chicago to Denver
St. Jo. A C.
•60 000 per annum provided for their redemption. and .per cent
to Council Bluffs is 18 miles (track used jointly with K. C.
on
interest
7
m.m- than sUoie.ur to pay bond
Chicago
to Couueil Bluffs, 498 miles,
line,
fen
B.
A
the
C.
Q.
makin"
Coiunou stock. $271,700. B )
local
numerous
th,- *i, mIi the excess is to go to the lessees.
Besides
1882.
Exteus. to Denver was opened May,
Mississippi River Bridge is leased in per- rile
Illinois to East St. Louis, and to
Ill" own d bye. A A.
oeut on $300.- roads the company also has Its line in
per
to
equal
7
rental
a
at
1877,
December
3,
(purchased
by
from
road
petuity
Julncv, connecting with the Hannibal A St. Joseph
000 stmk and per cent on $700,000 bonds.
„. rtm
C B A Q. tu 1883) across Missouri to St. Joseph. The mileage reported
non-cumulative
a
right
to
prior
has
stock
preferred
Alton
or
operA
were
leased
The C!iic.
of whicli 122 miles
(after payment at the close of 1887 was 4,693,
divide nd not exceeding 7 per ct. from net earnings, and
In addition to this the company conP' 10e * ° r ated with other companies.
s urplus.
ot 7 on common) also shares with common in any
the St. Louis Keokuk A N. W. road, 181 1* miles ;
owns
largely
and
trols
18«2,
in
140»1>3;
Mock have been as tollows: Preferred, in 1881,
Council Bluffs. 313 miles the Chioago
A
Joseph
St.
City
Kansas
the
130*40* In 1883. 110*150; in 18*4. 1423152; in 1885. 147*1.S5; in Burlington A Kansas City, 153 miles; the St. Joseph A Das Koines, oO
1880. 150*. 62: in 1887. 155»164; In 1888 to Nov. }**}*»***& \%%
in the Humeston A Shenandoah,
Wabash
with
half-interest
a
and
miles
in 1883, 128
V?65. Common in 1881, 127*156; in 1882, 127^*14.,^;
113 miles. The allied road to St. Paul is the Chic. Bur. A Northern. In
•137»*- in 1**4. U8*140>4; In 1885. 1283140: In 1836, 138*140; September, 1887, the Denver Utah A Pacirlo (narrow gauge). 13 miles,
bio's.
In 18-7. 130*155; in 1888 to Nov. 16, inclusive, 132®
botu Denver to Lyons, Col., was purchased.
Divideuds were as follows prior to the eurreut year In 137/, 1880.
The C. B. a y. was a consolidation in 18o6 of the
Organization,
oommou
6; in
preferred
7,
both?;
in
1879,
Inl87«,
purchased
7*;
stocks.
in Chic. A Aurora and the Cent. Military Track railroads, and
both
In
1883
8;
prcf 7 coin. 6>«; in 1881 both 8; In 1882 both 8:
RR. anil hi 1 862 the Peoria A Oquawka road.
Cross
Northern
the
1860
in
6.
incl.,
to
)
885
1887,
;
from
botn
10
1884,
The present company was a consolidation in January, 1875, of the
Operations and Finances.—The Chicago A Alton road has been parChicago Burlington A Quincy in niinoie and the Burlington A Missouri
and
Chicago
between
ticularly strong in having a large local business
River in Iowa." In 1880 the Burlington A Missouri in Nebraska
is
which
business,
through
on
dependent
less
it
was
so
that
Louis,
was absorbed. The leased lines are practically owned and there
St.
done at competitive rates. Its leased lines are as completely controlled is«o charge for rentals In the income account, except as interest on
bonds. The ownership in the other roads above-mentioned is In the
as if owned, and the system is compact.
Operations, earnings, Ac, have been as follows for four years past. stocks and bonds thereof, and their accounts are kept separate. In
Fisoal year ends Deo. 31. Annual report for 1837 was in V. 46, p. 288.
August, 1885, the agreement was made with the Chic. Bur. A No.
for he line to St. Paul, and the Chic B. A Q. owns $3,000,000 of the
INCOME ACCOUNT.
stock of that company; see circular in V. 41, p. 160. The ttsoal year
1887.
1886.
1885.
1884.
ends Deo. 31. Annual election in April.
$
$
Receipts
$
Stocks and Bonus.— The stock has been rapidly increased for the
8,709.274 7,993,169 8,060,639 8,911.386 acquisition of new lines, and in 1380 a distribution of 20 per cent in
Gioss earnings
58-94
57-70
58-94
5770
In
earn.
In 1877, 9 per cent
exp.
to
of
op.
ct.
F.
stock was made. Dividends have been
3,575,184 3,381,322 3,409,684 3,671,183 1878, 10ia; In 1879,8; In 1880, 9'1 cash and 20 stock; from 1881
Net earnings
stock
have
The
prices
of
per
cent.
269.2S9
5
In
1888,
282,654
Incl.,
272,845
8;
to 1887,
278,818
Other receipts
133i3*182ia; in 1882,
120ia»l41; in
1883,
been: In 1881,
3,854,302 3,653,167 3,692,338 3,910,422 115%,al29:v, in 1834. 107^127^; in 1885, 115>aal38>«; 7 in 1836,
Total
m
$
$
128% 2141; in 1887, 12378 *T56; in 1883 to Nov. 16, incl., 108 8*l30>a.
Disbursements
$
710,608
701.777
704,473
The C. B. A Q. on many of Its branch Hues gave a trartie guarantee of
823,565
Rentals paid
657,444 40 to 50 per cent, which was used in purchasing their bonds. The
251,134
380.702
292,221
Constructs, equip., Ao.
831,031
836,381
770,e83
839,307
Kansas City St. Joseph A Couueil Bluffs and branches was purchased
Intel e-t on debt
1,646,840 1,409,750 1,407,224 1,407,641 (254 miles), and the Chic Burl. A Q. stock issued therefor at $125 per
Dividends
92,672
102,116
93,854
share, taking the St. Jo. stook at $72 50 per share. Enough of the C. B.
88,263
Miscellaneous
A Q. consolidated mortgage Is reserved to take up prior debts. The
Total disbursements.. 3,621,572 3,428,086 3,301,632 3,699,399 bonds of 1876 are secured by mortgage bonds of like amount on St.
Louis Rock Island A Chicago road deposited with trustees.
241,023
25,1.81
390,706
232,730
Balance, surplus
Of the Iowa trust bonds, of 1879 $9,182,000 are 4s and $-',912,000
-(V. 46, p. 254, 272, 288, 320 (L A Mo. Riv.) V. 47, p. 140.)
5s, the 4s being subject to oall at 100 and the 5s at 105 for a sinking
Chicago A Atlautlc.-Opened May 14, 1883, from Marlon, O., on fuud of l'a per oent of bonds issued, payable Oot. 1 yearly.
line of N.Y. Pa. AO., to Hammond, Ind., 249 miles, and thence over
The collateral trust Neb.raska exten. b'ds of '87 (N. E Tr. Co., of Mas?.,
the Chicago A West. 1ml. to Chicago, 19 miles. Built as a connecting line trustee,) are issued at $20,000 per m. for single track and $10,000 per m.
for N. Y. P. A O. and N. Y. L. E. A W., and both these companies guaran- additional for second track. See abstract of mortg. In V. 45, p. 441.
teed the gross earnings on business over their roads to and from the
Sum total of all sinking funds Deo. 31, 1887, excluding holdings of
Chic A Atlantic, as security for interest on the bonds. Stock, $10,o00,- bonds canceled, was $10,801,491; oauceled bonds In eiukiug funds
000. of which $9,000,000 was deposited with H. J. Jewett (then President cost $2,622,711.
of N. Y. L. E. A W.).in trust to hold and vote on it. On Nov. 1,1884, the
Many of the bonds are redeemable (may be drawn) before maturity at
Interest due on 1st niort. bonds was defaulted, and interest has been various prices, plus accrued interest, as stated in the table above. The
paid recently at 4 p. c, as per reorganization scheme. The 2d mort. Bur. A Mo. in Nebraska 6s, due 1918, are redeemable at 100, but this
bonds were largely pledged for N. Y. L. E. A W. loans, partly to Grant A for the " exempt" bonds applies only after 1903.
Ward, and though not a.l technically outstanding have to be settled
Land Grant.— In Iowa only 6,500 acres remain unsold, and the conIn Feb., 18-6, suit was brought by the Farmers' L. A T. Co. to
for.
tracts. Ac. outstanding Deo. 31, 8 7, were for $3 12,600, principal and int.
foreclose the mortgages. An outline of proposed plan and arrangeIn Nebraska the net sales for the year 1887 were 3,337 acres, for $29,ment with Erie was in CHRONICLE of Vlarch 19, 1887, V. 44, p. 369, by 404. Contracts, principal and Int., on hand, $1,618,447 unsold lands,
which an angrm't 'he new Issue of bonds will be $12,000,000, bearing 4 p. 77,500 acres, estimated at $l per aore, $310,000.
cent for 5 yean. 5 per cent thereafter, gold, guaranteed by N. If. L. B. A
Operations and Finances.— The Chic Burl. A Quincy RR. has been
W., and $100,000 only of stock to be held by that company; there will
one of the most profitable in the country, as its numerous branches tribalso be 910,000,000 ot 5 per cent non-cumulative income bonds. In the
to the main line were built into choice agricultural territory,
utary
year ending June 30, 1888, gross earnings were $2,405,121; net over
they enjoyed a monopoly of the local business at full rates.
expires and taxes $540,559; rental to Ch. A W. Ind., $180,469; where
Irom
Jan 1 to Sept. 30 in 1888(9mos.) gross earn's were $16,588,313,
Bee i el ort V. 47, p. 593. (V. 44, p. 21, 173, 343, 369; V. 46, p. 537, 649;
against $20,290,931 in 1887; net, $3,317,075, against $9,056,175.
V.47, p. 680,5-3,503.)
The annual report for 1887 was published in the Chronicle, V. 46,
Chicago Burlington \ Northern.—Owns irom Oregon, 111., (p. 478i. Comparative statistics for four years are as follows
tost. 1'anl, Minn., 318 m.,aud track from Fulton to Savanna, 111., Ac.; total
1886.
1887.
1884.
1835.
365 miles. The road was completed Aug., 1886, under Chicago B. A Q. Miles ow'd andleas'd
3.914
4,571
3,369
3,534
auspices, as per circular of August I, 1885 (In Chronicle, V. 41, p. Miles oper"d Jointly.
122
122
113
98
160). The Chic. B. A Q. and Chic. A Iowa give a traflio guarantee for
4,693
3,467
3,647
4,036
Total operated..
twenty year s of one-half of their net earnings derived from business to
RESULTS.
FISCAL
and irom ihe C. B. A N., to be not less than $100,000 per year, for the
1887.
1886.
1884.
1885.
puiohase or C. B. A N. bonds at 105; and after 1890 the bonds may all
$
$
Raiiiings—
$
$
be retired at 105. The 2d mort. was Issued in 1888 to fund the floating
6,629,859
5,633,261
5,339,866
5,286,407
debt and *2,2.'0,00O was reserved to cover the debentures. See circu- Passenger
19,367,!'35
18,675,655
19.565,854
18.514,432
lar,
V 47, p. 256. From Jan. 1 to Sept. 30 In 1333 (< mos.) Freight
1,727.212
2,270,564
1,704,164
1,629,315
croexam'a were $1,355.113?, agsi. $i,78t>,i09 in 1887; net, $177,401, Mall, express.Ao
agst. $426,212.
eis. In
in 1887
i»», gross earnings were *_',
$2,276,199;
270, i9i); net income,
income
$480,1
and Interest. $64o,50l; deficit, $165,873. (V. 45, n. Total gross earnings 25,483,013 26,556,425 26.723,408 27.576,078
Oper. exp. A taxes.. 14,090,745 11,105,763 14,491,633 16,097,913
21I-.
V ir.. p. 227,254; V. 47, p. 256.)
|
T
Me
i
;
•
.
Ac—
:
:
_
i
—
;
:
—
:
;
<
Chicago Hnrllngton
«J. Is
A- uuinry.— Linb OF Road.—Thi C B. A
ODe of the most complex railroad systems In the U. S, It has a net Net earnings
P.C. of op.ex. to earn
11,392.808
55-3
12,150,657
54-25
12,236.725
54-22
.
11,478,165
58-38
.
November,
:
33
RAILROAD STOCKS A*TD BONDS.
1888.]
Subscriber* will confer a great favor by glvlnz Immediate notice of any error (Uncovered In these Tables.
DESCRIPTION.
IfBjsa
Date
81xe,or
of
of
ssmkaa
Par
Aft, aee notes
For explanation of column headings,
on first page of tables.
Road.
Cairooo Burlington d Quint*— ( Continued t—
Bepub. Valley BR. (drawn at 100) a. (., 8U.0OO.C
<••
Atchison A Nebraska. 1st mortgage
lineolnANo'w'nRR.bond>.B. f. lp.ft. not drawn.
148
146
73
374
63
A C. Bl..eons»l. M. (Noe.l toSOOpf ).c*
1st Mt. on Nod. andTark Val. RR». (dr. at 100) C
Homeston A Bhenand. RR 1st M..920.000 p. m..
K.C.Ht.Jo.
Matt. JB.-Stock (ft3.00O.0O0 Is 6% pref.)
Otoe.
1st X., is. f. 930.000 after '85. no drawings). ..e*
e*
Consol. mort, gold (for 96.000,000) a. f
&
Collateral trust bonds, sinking fund
a*
1st
mortgage
Extension.
111.
C. A E.
d
1-xl
377
7
1887
13
.
100
100 AC.
l.'H'O
1
.IX) i.te
1—0
1..HH)
1881
l.o-.K)
l-<0 A 100 Ac
1,000
1881
1--0 500 Aft
H«S
1,000
l.ooo
o"
100
ISM
1.UO0
100
100
A
mort
1st
mortgage (Minnesota Central)
(la.
A
Dakota), eonv. Into pref. stock
lstM..l.AI>.Ext(915,OOOp.m.)conv.lntopr.-t kc1st M. (Iowa
3d
l-o;. (
1-..17
49
136
1484
1.INXI
[MS
i
1878
1,000
1,000
n
195
e*
Prairie dnChien)
M. (Prairie duCblen), eonv. Into pref. st'k <••
1st M.
(
1.000
1.000
1.000
1878
fM
a*
c*
e*
M.)
ISM
nil
195
1.1XH)
1.IKH.
raooMK Accotnrr.
1884.
1-85.
14-.-.
11.392.868
566,708
1.129.591
13,150.657
593.431
13.236.725
ltV***V>M
l
1897.
9
986,798
11,478.166
859.055
567.083
988
IMMaVJ
12.9O4J03
:t.7J-.
9
bum
:
8
615.342
846.771
153.215
19«,1KH
6.1 10.733
6,111.064
6
4.304.384
1394,263
fcMfcMO
6.110.573
8
838.084
500.000
8
646.430
970390
1,000.000
1,000.000
8
BM484
-.436 12.33V236 II .397.148
1,507.155
1,373.603
1.640.696
1.440.449
-<V. 44. p. 59. 90, 211. 343. 415. 489, 466. 518, 535; V. 45. p. 53. 310.
V. 47.
803;
254.
355,
481,
V.
133.
Ml,
478,
873. 441. 575. 792;
46. p.
nj
A
ago
Kastern Illinois. -<>wn« fnun Dolton, 111., to Dan
1.. to Coal
Com Creek. Ind.. 9 miles;
vUlr. in.. lo7»s miles; C<ivlagtun. Iml.,
mraoe to Indiana State Una (June Won
luscola,
50 miles;
Danville to
with tb<- (hie. A Ind. coali. 11 mlle»; Wellington Junction to Cisso a
Park. 13 miles: leases Dolton to Chicago (uses track C A W. I ), 17
miles: Evans vt lie Trrre Haute * C. RR.. Terre Haute to Danville. HI..
Braill. Ind., 13 miles: Danville. 111., to Cot
55mlles; Otter Creek to Brazil.
OoBulea;
'. 2-9 miles.
tngton. lad., use of traek. 13 miles; total operated.
lii<
<
'
i
Mom
ta. Chicago A KaiaTlUlnole was chartered as
TI»ernneelnl8«o.aad opened in 1873 aad 1873.
extstlnii
BsaPeb.
7. 1877,
1877. 'and
and reorganised under existing
iPeb. 7,
"
terms uf leases the c.
AE
111.
Danville
A
forocloatitle
Sept
1,
1877.
guarantees Interest on 91. 4o0.-
or leased roads. There are also 944.000 3d mort l'loomes.
due 1907. outstanding.
In April. 1 1)87, a sale was made or nearly the whole stock of this coinpan v at 110 to parties Interested In the Chic. A Ind. Coal K'jrfsre V. 4t,
and in .Nov., 1887. a eons •iidatloa was made with the several
In Jan.. 1888. holders of 9J.0o0.000 old
common
sto. k
•
i
new common
stock and 93.0U0.000 pre1 >4 per cent quarterly
authorised.
95.00O.OO0. See
stock
psld to date. Common
clx, V. 46. p. 134. for complete status a* given In the applt-
^.
this for
•toek.
93,0 A'.OOO
on whleh dividends at the rate of
mortgage or 1887 (Trustee, Central Trust
nt of 98.000,000 prior bonds and lor Issue
on new read at 918.000 per mile for single track. 97.000 per
mile awddtttoa*. for ..|iiinin in and tx.oo per mil- fordon.le tr.wk.
la tJto »lx TfHPH'tK'sending Deft 31, 1887, gross earnings were 91,128.Porter. prest, Chicago. (V. 44. p. 433. 458.
943: net, 94
340.472. 508.612. 767; V. 46, p. 102, 133,
Sri
i
134.
:
A Grand Trunk. -Line of road from Port Huron. Mich.,
to Chicago. 330 H miles; also uses 4% miles of ChleagoA West Indiana
and 4 miles Orand Trunk Junction RR.: total operated. 339 miles. This
la a consolidation of roads between Port Huron and Chicago formed In
Ai.rl!.
>.
the control of the Orand Trunk of Canada. Stock,
The Orand Trunk of Canada gives a Irafflc
M.60O.0O0 In 9100 sL_
gnarantee of 30 per rent of gross earnings, and takes up the bonds for
whleh ii« 4 per cent de benture stock Is issued. Oross earnings from Jan.
1 to Sept 30 la 18M 19 months! were «I79,070, against £518,501)
ln>7. net.«ll3.433,sgst.*13.-..0O7. In '87, gross recelpU. 93.478.696;
net. 9953,806: s rp. over eharges, 984,077. V. 4 1, p. 400; V. 45. p. 52.)
iiirsgo
<
1—
< lileago A Croat Western. -Owns a double-track road entering
Chleago from ine west, and terminating at Polk st. east or the Chicago
saver, with large terminal property. The Interest en 1st mort bonds la
i>y the Wisconsin Central and lu allied lines, which enter
over this road. Stock, 98,000,000.
Chicago A Indiana Oanl —Owns:
Brsxll to
La Crosse.
Ind..
145
nd June, to Illinois State Line (June
miles. Leases: I -a Crosse to New
A 1
Swatv
Chicago A West Michigan RR.)
111.
itraekage-C. Ind. Bt
A Clilc),
lad. 245 miles.
This oempany acquired at
lite. A Greet Southern, and lu April. 1887, psr-. A I. C. road purchased the stock of lh<- C. A E.
si
I!
110. Fo-irth dividend of 1>» p. c. pad on |nef. niock Sept
M ongage of 1886 (trustees Met. Tr. Co. and It It. V. Pierce)
1. 1--si
ror
o
niad from Yeddo to Braxll aid 935,<mni tier
la
.-nil for extensions; second. tra<k. 8^.000
Ansa (97.is>.
aj.
earnings
lor year ending June 30. 1887. 93-11. 372: net
Gross
p.
tenial, 93.250; surplui. 824.earnings, »r
(V. 44. p. 458,494,495; V.4«, p. 171,
•I.ient
937.738; V. 47. p. 140,531.)
and
braorii
L
:
_
i.ieago Ulllwankee A St. Pnal.-(«M Jfc».)-LigB or Boad.W ie 'company operates a great consolidated system of railroads In Illinois
<
81,058.200
1.125,000
600,000
5,000.000
880,000
1.343.000
6,000.00
3.000.000
3,704.000
>
6
111.000
3,0 17,0 JO
121. "00
180.000
5,444.000
U.000.000
858,00
4.000.000
4,000,000
k>
M.
J.
J.
J.
7
A J.
A 8.
A J.
A J.
A O.
7
6
it
%*
6
A
A
A
M.
A
J.
9*
6
6
A.
P.
g-
J.
J.
J.
J.
New
York. 4th Nat. Bk.
N. Y., Cent Trust Co.
N. Boston. Glolie Nat Bk.
J. N. Y.. Central Trust Co.
A
A J New York and London.
do
do
A J
A J IN.Y., E.P.Beach.B'way.
AD. NY..
Offloe,
AD
do
A
A
A
A
A
A
A
A
A
A
A
do
do
do
do
do
do
do
do
monpf. Q-M.
4.403,000
39.680,361
31.596.900
11,486.000
5,333,000
3,198.000
133.000
541,000
3.505,000
3.674,000
1.341.009
5
J.
3-s
|<a
A.
7
J.
J.
J.
J.
J.
J.
7
7
7
7
7
8
73
do
do
Boston. Co.'s Office.
O. N. Y., Central Trust Oo.
do
do
A.
D.
KAN.
5
6
Mar.
do
do
Boston. Co.'s Offloe.
Boston. 3d Nat. Bank.
Q.-M. N.Y. .HsnoverNat. Bk.
J. A D. N. Y..4thNat.Bk.& Bost
J.
A.
P.
P.
1919
1908
1910
1907
1920
June
Mar. 31, 1911
Deo. 1, 1888
Deo. 1, 1907
Oct 1, 1934
Feb. 1, 1913
Deo. 1, 1931
Nov. 1, 1937
Mav 1. 1920
Oct. 1. 1921
Jan. 1. 1900
Jan.. 1922
Jan. 1, 1910
June 1, 1936
June 1. 1936
Dec. 1, 1888
Jan. 1, 1936
April 23. 1888
Oct 22. 1888
July 1, 1905
Jan., 1893
July, 1897
1894
1899
July 1, 1908
1898
1898
Boiton. Bk. of Com'roe. Jan.
{
moo pf.
I
8.863.0
J
7
7
7
400300
1.000
1.000
.
1st
MM
l.i
1877
1--1
1887
3d mort for 94.O00.0 *>. gold
Chit .d Imiuina Cooi-8toek (91.405.200 is pf.i ...
145
o*
1st mort (925,000 per smile)
-.,.-,70
n. stock
Ohteaao HUieauktt d M. Faui
cumolatlve).
5,670
e. v-rly
yYly. not
Preferred st'ek
Pk (7 p. ft
Consol. M. If or 935,000,000) eonv. Into pref. stk.C 1,435
;i7u
1st M. r Lacrosse Dlv.). convert into pref. tt'lc
Int.
lOOAc.
1877
1880
1481
330
330
66
10
Northwest. Grand Trunk, 1st mort
Cii-dOt. Wtttem— 1st mort.. goM, lnf, guar....o*
guar
ISM
15
.
81,000
lOOAc.
L878
MM
3d mort
Value.
1879
178
116
cAr
General consoL mortgage
C
Dan. A Grape Creek RR.— 1st mortgage
Btrawa A Ind. State Line bonds, aas irmad s. f .0*
res'd)
A
Trunk—
1st
M.,
A
(9556.000
Chicago* Or*
Bonds— Prlnoi
INTEREST OR DIVIDENDS.
pal, When DutAmount Rate per When Where Pavable, and by Stoeke— Last
OMsMsding Cent Payable
Dividend.
Whom.
36 Walt St
do
New York.
N. Y.. Met. Trust Co.
J.
O. N. Y., Offloe 43 Wall St.
do
do
O.
J.
J.
J.
J.
J.
J.
A.
A.
do
do
do
do
do
do
do
do
Jan.
Jan.
1,
1,
1,
1,
1.
Wisconsin. Minnesota. Iowa and Dakota, which are weU shown on the
accompanying map. The main through lines are from Chicago to Milwaukee. 85 miles; Milwaukee to Bt Paul and Minneapolis, via La Crosse,
341 miles: Milwaukee to Prairie du Chlen. 194 miles; McOreicor (opposite Prairie du Chlen) to Chamberlain. Dak., on the Missouri River. 412
aulas: Chicago, via Savanna, on the Mississippi River, to Council BuBh,
la.. 487 miles; Msrton, la. (neir Cedar Rapids) to Kansas City. 305
Baa; hOnaesmoita to Aberdeen. i» >" --- »'"« "" "•"• ;n }*¥„'
the mlleagelnlllluoUwas316: in Wlsoonsln. 1,305: in Iowa. 1,573;
Total miles
In Minnesota. 1.12(>: in Missouri. 14"; In Dakota, 1,215.
operated. 5,670. On Nov. 1. 1887, the lino to Kansas City was opened.
May
organised.
was
OkoxsuCATiog. Ac.—The Mllw. A Bt Paul RR. Oo.
Mll5, 1863, and embraced a numorr ol othi-r companies. Including the
and
bTUwankan,
vankeed sDsa-ths Prairie do Chlen. the Lac rosaf •
otiKm. The Milwaukee A St Paul afterward purchased the BtPaul A
Chicago,
to
MUwaukee
Chleago Road and others, and built the line rroni
and on February 11, 1874. the company took Its present name. The
aecsl year ends Dec. 31. The annual meeting Is held early In June.
Stocks awo Bonds.—The preferred stock has a prior right over the
common stock to a dividend of not over 7 p. c. from net earnings in
each year, but if not earned It has no cumulative right If a dividend
was earned In any rear and not paid, there might be u olnlm on future
years for such dividend. After payment or 7 on pref. and 7 on com.,
both classes share pre rata. Dividends paid since 1873 have been as
follows (prior to eurrent year): In 1171.7 on pr.fcrre.1 paid in consol.
bonds; In 1875 no dividend; In 1876, 3>s cash on preferred and 14per
eent In bonds; In 1877. 3>j on preferred: In 1878. 10 >s on preferred; In
1879. 3>«on common and 7 on preferred; In 1880, 1881. 1882. 1883 and
188 1. 7 on both; In 1885, 4 on common and 7 on preferred in 1886 and
on iiref
tn 1887, 5 on 00m. and 7 on pref. In 1 <•<*. 3»s on com. and
The range In prices ot stocks since 1877 have been: Pref. In 1878, On*
14
84%: tn 1879. 74*je 103%: In 1880. 99»124>«: In 18*1.
P:
iHr»l44>4; In 1883, 115»133>«: in 1884. 95*g»119: In 1885,
.Nov.
to
102*125; In IW81I, llo»125V In 1887. 110»127>4: In 1888
Common— In 1878. 27>a»54»s: In 1879. 34»J»
lrt. Incl.. 9i's»ll7.
82V. in I88O. 6«>sell4\: In 1881. 101>s*129ni; In 1883, 96^9
B 1-13. 91t»»l08'e: In 1884, SS^Agfs; in 1885, 64VA99;
In 1886, 83*c*99: in 1887,6»»s»95; In 1888 to Nov. 16, incl., 60>a*78.
An aiistract of the terms of some of the prluclpal mortgages was published In the ClIROXICUt, V. 45, pp. 85. 114. 144 and 213.
Of the consolidated mortgage bonds ot 1875, enough were reserved to
take up the prior bonds; these bonds may be stamped and discharged
from the sinking fund provisions. The Bt Paul A Chloago, the Chicago
A DAkota,
A Milwaukee, the Consolidated, the Lacrosse Dlv.. the Iowa
Dakota Extension, the Prairie du Chlen ids.
the Iowa A
and the Iowa A Minn. Dlv. bonds are convertible into preferred
stock. The terminal bonds tasu. d In 1884 are secured by mortgage on
the terminal property In Chicago and MUwaukee, subject to the lien
of the generaT mortgage on part of the txnok and terminals in these
cities: bat it covers also property quite detached which oost about
93.000.000 acquired some time after the general mort was made; also
and
Sroperty to be acquired as needed to amount of 93,000,000
epot In Milwaukee costing 91.000,000. The Income bonds of 1886
Into
are for an authorised Issue of 95.000.000, and are convertible
common stock, on notion, 60 days after any dividend day. rney
have a sinking fund of 4 per cent, beginning In 18S9, and mar
be drawn at 105. After '88. If a majority of the bondholders so request,
a 2d mortgage shall be made 00 the Une, Chloago to Kansas City,
ami a flist on the Mo. Blver bridge aod terminals in Kansas City.
In addition to above bonds there are M9.009 Hastings A Dak. 7s. due
tn 1903: also 9275,000 5 per cent real estate mortgages due in 1890
.
.
and 1894.
. ,.
Oi-kritioks. Fib ascm. Aft—The mileage and also the stock and debt
of this company Increased very rapidly in six years, the miles owned
asm] KM9olJaaaaj9 1. 1880,agatna1 5,070 on January 1. 1888, «'"i
the stock and bonded debt in round figures, 869,000,000 on January 1,
1880, against 9180,500,000 January 1. 1888. The n.ost ooinplet*. annu-1 repirtlasued rora number of years was that for 1888, whloh was
given at lenotb in the CHIOM' LB V. 46, p. 414.
...| to pass the dividend on oommonstoosT
In Sept., 18H.li'
and to reduce the Oct. dividend on pref. stock to 2>« per ocnt, sinoa
in the « months ending June 31), 1888. gross earnings were 910,554.089,
against 91 1.1 13,471 in 1887 ; net only. 91.875,925. against #3,662,930.
The annual report for 1887 was In V. 46, p. 411 and 414. The statistics In detail were given in the Chromolb, as follows
OPERATIONS AND FISCAL BKSULTS.
1887.
lHHi.
1880.
6,069
5,298
4,921
Miles operated
4,804
-
•
;
;
1
™
U«>»
mn.
Operatinnt—
5,481,400 6,144,068
4,904,673
4,819.187
Passeng. rs carried
Paasenger mileage... 325,851.443 214,550,187 234,444,700 330,444,573
2-54 oU.
2-58 ota.
212 cU.
2 55 cts.
Rati- per pass. p. mile.
7.573.795
7,085,072
6.023,016 6,482,869
(tons) moved.
Freight (tons) mU ge. 1247737 j:i.) 13.J77.!1458 1486509713 1629344501
109 cts.
1-28 ota.
117cU.
1
eta,
Av. rate p. ton p. mile.
.
1
M
Karningt—
Pn-lght
hT.:::::
Mail. » 1 p r ess, Ac.
Total gross eern'gs
8
>:•*
8,766348
1*1
L575.191
88e470,998
5,499,787
17,101,742
9
9
5.661.090 5,819.361
17,358,294 17,742,143
1.774.731
1,698.419
1311.794
94,419379 94,719.4m aw366.r*4
•
INVESTORS' SUPPLEMENT.
[Vol.
XLVIL
I
..
.
November,
:
1
RAILROAD STOCKS AND BONDS.
1888.]
35
Subscribers will confer a great favor by elvluj Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column headings, da., see notes
on lint page of tables.
Okie.
HH.4SIP. -.Coal'di-Mll-A
Miles
of
W
130
let M.,Cbie.
1
A
c'
Mll.loOnv. Into pref. stock)
<••
lstmort onLac'eesYpav. Dlv
1st mort. on 8. W. Drr. Western I'uion RR
e'
on Clue.* Fac. Dlv.,Cliir. to Mis*. Riv.r*
mi Ho Mlnnisnls ni« «0 fMV) 00<» ..c
e"
Land arant Income bonus, drawn at 10.S
D*k.l«v.eiten*.<$l5.000p.m.)c1st M.un Hast
1st M. on Ch. CI. D. A M..a.f.. not di awn
clst mort. on Wisconsin Valley KR.
c'
prior iii.irt.
e*
do
1st niort.
111 iisiiI
(
1st
1st
monxage. Mineral point Division
mortgage Chic, A Lakr Superior Dlv
1X61
1873
1878
A
*T>
South
'it.
u. 1-t.
1881
1881
1-H1
1886
1888
1884
I88S
1888
at 105)
.
119
sold 1*18,000 per m.)
159
tiortJktmia-*—Common Mink
;..c. y*rly. nut cumulative)
A MIL.
ti.-.i;
1.I.K-0
9488.000
500
1.106,500
2,840.000
776
1 s.:.',
198
85
1871
1889
4.755.000
"JO
£000,000
*
2.574.437
8.102.868
-**
9/188,000
wm
l.oob
1.IMKI
500 Ac.
1,000
A
1
10. -J19
l.l.i
M409
14.512.471
j.ki\ 988
9,9oO.-u.-
88
B8-4S
.vj
C--T.'....
9,997,878
8.07
733.515
150.658
104416
156.017
6
6
7
5
.v
i
900.000
6.000
31.367.4fO
22.323.170
12.746.000
3.977.500
1.7O0.OO0
5 U. l.OOO
2.549.500
12.343.000
1,592400
4.079.500
1
.35(1.000
A
8
5*
%*
3
J.
i*
$*•
l
J.
A-
S
J.
J.
1*4
A
.v
A
A
A
A
O.
J.
D.
t£
A
7
A.
|*
O.
A
A
A
A
M •
J. A
A. A
7
v-
V
J.
J.
D.
D.
D.
O.
.
14.500,204 15.326.694
10,158.139 10.030.43'
;
60 42
.'.-'Jo
stockyards percan.
14".
The sinking fund bonds of 1879 are secured by a deposit of mort.
bonds.on the new road* acquired at the rate of 815,000 per mile, and the
terms under which these are issued were published In V. 29, p. 277.
There are several small Issues of bonds In addition to tnnse In the table
above, viz.: Minnesota Valley RR,, 9150,000. 7s (A. A O.i, due Oat. 1,
1808 Plalnvlcw. 9100.000. 7* ( M A 8.), due Sept. 1. 118)8 Peninsula
Railroad (Mleh.l. 8I32.0OO, 7* (M. A 81. due 8<pt 1 1898 Chic. Iowa
A Nebraska. 8129.000. 1st uiorr. 7s (F. A A.), due Aug. 15, 1892 also
fl.26l.000 lire bonds In the sinking funds. May 31. 1888.
The 91O.OOO4OO debenture bonds were Issued to pav for the Chicago
8t. Paul Minneapolis A Omaha slock the sinking fund for thine t>..ud*
I* 8200.000 per year from May. 1888, if they can be redeemed at 103.
In June, 1 884. 86.0oO.OO0 5 per cent debenture bonds were authorized,
and any future mortgage on the property of the company owned at date
of This*" bond*, shall include them.
.if 1886 are direct bonds of the C. A N.
The C. AN. Wet'
W. Company, scoured by the deposit In trust of the l*t mort. bonds of
roads eonatructad or acquired, at the rate of (20.1OO per mile. The
mottiage la for 820,000,000. and the Union Trust Co. of N. Y. Is trustee.
Lxmu Oraxt.— The lands of the company have been acquired by the
1 of the Wlaona A St.
Peter and other roads that have been
The Commissioners' report for 1887-88 showed that the
total consideration for the lands and lot* so'd In that year amounted to
4.
Net cash receipt* were t491.811). The statement or amount*
secured to be paid to the company by outstanding contract* of sale In
force at the end of the fiscal year showed a total of #1,214,886.
legal, lnsonuiee, root of
,
i
A5
,
Ti;r.i>j.;
log elevator*,
8
7
Jan.,
Jan.
July
July
Jan.
Jan.
Jan.
Jan.
July
July
Jan.
July
July
July
Jan.
July
July
July
Jan.
on pref. and 5 on com.; In '79, 7 on pref. and 5 on com.; In '80. 7 on pref.
and 6 on com.; In '81, 7 on pref. and 6 on com.; In '82. 7\ on pref. and 7
on com.; In 'i3 and '84, 7 on com. and S on prof.; In '85, 6 "a on com. and
7 "» on pref.; from '-« to '88, lucl 6 on 00m. and 7 on pref.
Price* of stock «lu.e 1877 have been as follows: Common In 1878,
8!la«-5St*; In 1879.40**»91>»; In 1S*0. 87"e»130: in 1881. 117*136;
121*1.*)*; in 18-13. H5>«*140>a: In 1884. 814*124: in 1888,
84*4*ll.-.\: In 1886. 104>«ai20'<s; In 1887, 104Vt»127<«; In 1888 to
Nor. Id. inclusive, 102*1*110. Pref. in 1878,59\*79>a In 1879, 78'%
.*146ii: In 18X1. 1314A147«a: '" 1882. 136*175;
134*157: In 1884, 117*1 104: In 1885. 119**1119''*: In 1886.
133*144; In 1887, 138*1454; in 1888, to War. 16, Inclusive, 138*
1887.
9, 64 1.077
8,64
702460
To' •).»:.«! n« .'iii.
Net earnings
Pr. et.op.ex. to earns
IBM
1--.Y
18*4.
.1:
6
5
25
120 1871 -.oo'.vi1490 1879 500 Ac.
1.IMNJ
ex, 3d mort. (now 1st), guar
137 1870-1
100 Ao.
do
1st Mexten-gld.. land gr....f.
175
1.000
town Midland. 1st mort.. cnar. by Chic* N. W..
75 1870
IJawMM
.iKM)
1.000
1,000
1.000
l.ooo
1,000
100
100
at 105.
•
1,000
1.211
m
a
7
1891
1903
1, 1903
do
do
1, 1919
do
do
1, 1909
do
do
1, 1910
do
1. 1910
do
do
do
1, 1890
do
do
1, 1910
do
do
1, 1920
do
do
1, 1920
Boston.
1, 1909
N. Y.. Office, 42 Wall.
1, 1910
do
do
1, 1921
do
do
1, 1921
do
do
1, 1921
do
do
1, 1926
do
do
1, 1918
do
do
1, 1914
do
1, 1924
do
1895
do
do
Jan.
1. 1916
do
do
N. Y.Co.'e Office, 52 Wall Jane 27,1888
•-•!.
Sent
do
do
1888
Feb. 1. 1915
do
do
April 1. 1911
do
do
July 1. 1898
do
do
July 1. 1906
do
do
June 1, 1911
do
do
do
do
Deo. 1, 1903
do
do
Nov. 1. 1907
do
do
Deo. 1, i'.U6
O.r l. 1900
do
do
.V
5
Dividend.
N. Y., Office. 42 Wall.
London aud New York.
N. Y., Office, 42 Wall,
.V
6
6
9470400
Wh<
Pay'ble
•J..111I..KH1
l'.obo
l.i
cut.
4.000.000
3.000.000
7.432.000
1.236,000
1,000
1886
nsion. l*lM..».f .e ,i*23.00U1st mortgage (920,000 per
liver, 1st more. guar.
naioo.lstM.g.i#20,OOO.notdr.)ii,f
. gold, coup, or rag. Ot8.000.000)
101 dr.)
Chic.
I*
1.000
1.000
1880
1879
1880
m.-onje*
«1.»
3,804.500
2.393.000
SOOAc,
two
B
Terminal more, irold
o*
Fanes A Southern, 1st mortgage, gold, assumed
Dakota
"-low
7
1,000
o*
Inc. bon.la couvert_.a.f.,4 p.c u
9215.000
419
1st M. Wis. 4 Minn. Dlv. <*20.000 p. m.l
230
lstM..c..onChle.APac..W.OlT..f20.000p.m..c' 1.287
Chic.A Mo. Riv.I>iv.,l-t in. rtg ..(920.000 p. m-i.c*
154
M
81400
1.IMK)
1.0(10
161
107
149
Homls— Pnnoi
INTEREST OR DIVIDENDS.
pal.When Duo
When Where Payable
IViya
and by Stockt— Last
K.it.-
Outstanding
119
c'
Amount
vSte,
lot..
395 18804
979 1880
.V.
or
Of
B
8t.P.ACl*tM.<Rir.Dj8A4<eonv.intop'.8tock>.o
an,
111!.-
IBM
1887.
*
10.154.139
144.654
10,039.190
272.825
10 3O2.T93
10.31
;
;
.
;
.
;
8403.070 10.006.741
•
5418.608
9431.1*7
•
6,241.093
3.053.078
6.4.16.R37
3404498
8.490.812
8494.160
8.714.160
6.0-..
9499479
;
8437.523
7*5
7A5
7A4
7 loll.
.453401
a*
.129
1,008,634
508,000
> are the actual dividends paid In toe year, without regard to the
when they ware earned.
9*9
CLOU OF BACK
OBNKJtAL BALANCE AT
FtBOAX TEAS.
in-.
1984.
In St I
8
i«>7
laao,
BaUrosAeuulpm-tAc 1 40
134.22-J.773 163.898.dI6 177,371.430
ark>Ab-dsowa..eost 1.938499
734,793
877.488
8408048
OVs bonds In trea*
BtUsAaect* ree'ablo 1.1
761.452400
1.140.909
Materials, fuel. Ac...
hand
rbA on
Iowa coal lands
Total
0*99
1.483.365
94
3.04-
.217
TABUt or LA.VIM UNSOLD FOB TBAKS KXUIHO MAT
-
2,716, :n»
817430
•9*498
90404.381 90404.261 30.004.361
16440,883 81440400 31403.000
30.
21
10"iJM.iKH) 101,470.000 111.05S.UOO 119,3136.0OO
1>>.
•U 2.093. I'M
3.4944.0
pay-roll*. Ao.
1.610.6-11
1. 729.269
2.249.10U
nt
8.037.731
3431461 7.049.100
4.074.998
.
.
Total UabtUOes.. 150436.048 102.858.497 174430490 180479,631
-<V.4.Vp «.'.. 11 1. 144. 210. 21 2. 3 12. 400. 472. 592.61 3; V.46. p. 227.355.
871,401.41 1. II I. 11-. HI. MI7; v 17.).. 971.380,898, 333, 988.)
Cklrago A Northwestern.— f*« Map (-Ij^r.or R<iai>— The Chic.
A Worthw. operates 4.211 miles of IU own mads ami ountroU 1499 miles
Chlep .»i.
•f the
"iU ., w -+ a miles
w». *
P. niuii.
Minn. tm
AOm.,v41
iiiu'- of
>m Fremont
r (VMAi'rui. mb
m ^*»si»«
Elk ck
Mo. Val.;
* mt.i
A "u,
lpOof
Wjo.Ceot
it Wjo.ient.»04ll07ofMiouxrit>
A P»e; total controlled. fl.7rt l ni
llaags) ie extensive, and la shown nearly la the aceompanytnjt
The main Una from Chlvajro to Beat Omaha, lows. Is 4:*.' mile,.
Tbs
this forma nt aatluallr the aoothern
N.iiiidary of the whole system.
_ boundary
On May 81 1888. the Chle. A North w. mileage was made np In the annual
tas follows :Wlaeonsln Division, 348 miles; Galena Dl vision, 400
Iowa PI itst i a. 018 aulas No. Iowa Division, 546 miles Madlsou
; Peninsula Division. 416 mil-.
Winona A St. Psoas
• Dakota Division. 724 miles
total. 4.2 1
miles, la
jr. 1884, the Blair roads, prevloualy leased, were acquired by purchase.
fthe OlonxClty A Paelllo ami Fremont Elknorn A Missouri V»l
.
of grant.
Minnesota
Michigan
Wisconsin
138438,048 189438,407 174.830.830 100.97O.UJ1
.
I
Name
546.631
836.811
903.185
starting Wiotnlnrren'rsli are aperated separately 1,1 4 tiillesiand their
aarnlngs not Included in those of C. A N.W.. but «e|.ar:.U-l v slabannni reports in the CBBoatCLB 00 p. 178 of V. 45, audp.H.lti.r V. 47.
OaoAjii/.An.n. Ac.— The Chicago 8t Paul A Poud-du Lac Kallroad
bm
la
asi mr.
aoinlred In the monk ol
Cha ChJa. St. Paul MIoneapollsA Omaha Co. by tiie purchase of 33.800
of preferred end
la July. 1X84. the
lines la Iowa (Blair roads) were acquired
In the Mui'fi.K •
id prlui
1
ads May
ill.
irli
rear) have
I
-
raj held in
pn-fel
Dividend* _
la 1870, 34 on preferred;
9448
673
603
735
507
2 L313
32,001
33,881
551
581
.-1
.-are
Freight cars
\:l other ears..
844
-
OaarsMMssj -
lH-
AND riSCAL
18 85-86.
.
1886-87.
—
M20
1,211.-.
373.743.ol9
I
8*9 K'ta.
31
8.1
9
i
PrelghT
-.in
10,917,391
lall,.-\|ir.,-..V.-
Oroasnarn's.
.
ata*ts*BJ
Maiiit'coof way
"
e,irs,Ao
rtansp. 4
*
9,737,312
2.19
34 on pref.:
'78,
*
1,900
1,171,081
20.112 1.316
9
6.27 1,031
10,118,797
1.
II
9
8.237448
2. (48.1.73
2.21
2 507.073
71
73 .712
703,459
13,793.907
9,708.149
58-69
MIO
36,89., .J8
2.9 '
*
'.700
13,839,226
i.684
15,070.343
in. .70,799
loo. 1,759
10430474
57-26
02 44
year 1887-88. total groai earning* ol
From.
"
I. A Mo. Val. and Wyoming 'lent, (the
trail' -Ml* miirl lino* ") were
71 9J.33O.930: net over ex|Mjusos and taxe*. $1011,200.
.
:
77,
.
lo2cta.
8,150.2 21
Taxes
...
3,820,131
24.27O.UO0
i
10.912.1115
1.102
9
3,816.130
17,503,344
l.o-
23,5024o6
9
1887-88.
9.709,934
230.1
2
768
509
RBdltl.TII.
.480,802.; 17 1754,'.'
1
1 15 eta.
34 ota
>.'.ir,iifiy*
Netaarnioga
<
9,1 in. in
I'.iss't.rs i-.irr'd.
Pass'grr
R'te p.pass.p.m.
KrVhliti
fasiiingi
4.101
[In
lii
1887-88.
4.211
1886-87.
Tli.-annu.il m.-.
ue,—Of the •ouiiuon stock.
the eomi-sny-s ireaearrao May 31. I
.141
3.843
Locomotive*
I
"proprietary roads."
297.708
ROAD AND EQUIPMENT.
Tot. miles oper*d
1
Which was
of several
was sold in fnn-ehMiirv
June 2, 1838. and the Cluoago A Northwestern Railway was orvunlxert
as Its successor. The company baa since absorbed by eoasiili
coast
large number of other
those which ware o|>eratcd as
980,041
354.663
317.535
A
:
1
370
*.• 1. isxMOO was il"., p 160.)
-7-8 wa* In the CHK.isi.-i.K. V.
47. p. 16s <-*e also article In V. 46, p. 710), showing the following for
the C.
N. W. proper
1
:
43"
1.819
1,373.372
995.638
1.050
1489
OrBBATKiMs, Fntaai its, Ao.—The Chicago
Kuiway
i we* tern
ha* pursued the policy of extending rapnllv its lines In the far Weak
The stock had not been iuii-ii Increased until Hie is.ue of new stook
s* of proprietary roads, aud a large nomln.il surplus ua 1 iieen
rolled
433.000400 In May, 1886. of which over
.
;
1899,
374.363
117
Total
.
;
31.
1886.
J
INVESTORS'
SUPPLEMENT.
[Voh XLV11.
I
i
RAILROAD STOCKS AND BONDS.
N..VKMBKK, M0L]
DESCRIPTION.
Date
Miles
-i.'.-...r
Amount
of
Par
For explanation of column headings, Ac, see notes of
Outstanding
Road. Hon.l, Value.
on first page of tables.
W-fOow,>-N. W. Union.
1st M.. g.s.f
62
A No. Minnesota, 1st mortgage
A N. W., construction bonds
Chicago A Touiah. 1st mort,. guar
Milwaukee * Madison. 1st mort.. gnar
9. f.bdsdst M eoL) (315.000p.m.)86.306.000,6s
debenture bonds (for C. St. P. M. A O. stock)
9.
24
141
154
jr.
Rochester
MU.
Chi*.
1872 9S00d»
1878
1882
1880
1.000
1880
1.000
1879
1889 1.000A0
1884 1.00.14c
1899 l.OOOdo
1-st
1.000
80
f.
Debenture bonds of 1909 (for $6.000.000)
car
CM N.W. Exten. bd*. (930.000 per M.)
ra«|*J5,000 p.m.)
i C.F.A St. P., 1st H
Maine* A Minneapolis RR. 1st mort. Bonds.
d Lake Superior RR.. 1-t mort
84
58
34
71
DM
Dakota Central RR 1st mo
1st M. Southeast Wi. (for $2,000,000)
do
Korta. IU.. 1st M. (92O.000 p m.) guar. C4X.W.
,
do
do
da
do
70
58
Ul
.!•.
r>o
mortgage of 1384.
Maple River 1st mortg
Fremoat Elkhorn d Mo. Val..Oonsol.bonds
a C d Par. CarTr ,*ss'd. $40.000 dr'n. rear ly c
Mo. V. * Blair RR. Br'ge, 1st. red'ble aft.'»3
BtouxClty d Pacific. 1st mortgage
2d mort. (Oov't subsidy)...
art.—d
86
MB
l
1,000
1861
1999
1899
500 Ac
500 Ac.
500 Ac
1-77
1889
1899
1889
una
UNO
18*3*1
M»Y.i,-
1877
I
col. ($30.000 p.m.).rcd*ft.'04.c.Ar.
1.270
1
(Vd
la cur.
IV.IMI ACCOUKT.
188849.
7
7
7
409400
7
9
9
8
6
8
—
l.OOOJte
10,028,759
618.300
46.156.000
12.500.000
5.000.000
25.980.000
3H
««
8.
7
8
Bond*— Prinol
pal, When
Due.
8toek*—lMBi
Dividend.
by
A 8. N.Y.,Co.'BOffloe,52 Wall
do
A S.
do
A N.
do
do
do
A N.
do
A 8,
do
do
A. A O.
do
do
M. A N
do
do
M. A N.
do
do
F. A A.
do
do
M. A S.
do
do
F. A A.
do
do
do
I. A J.
do
M. A S.
do
do
M. A N.
do
do
do
do
m. a a.
do
do
do
F. A A.
do
F. A A.
do
do
M .V N
do
do
do
J. A D.
do
do
do
J. d J.
do
do
A. A O.
M. 9 BL Boston .Column. Nat. Bk.
J. A J. N.Y..Co's Office. 52 Wall
do
do
J. d J.
J. d J. U.S. Tress., at maturltr
A. d O. N.Y..Oo.'sOmoc52Wall
M. A N.
Boston. Treasury.
M .V
New York A Chicago,
(J.-F.
J. A J.
N. Y.. 13 William St.
do
M. A N.
do
do
J.
do
J. d
June
1917
1908
1905
1905
Sept.
1905
Oct
1929
May
1933
Nov.
1909
Aug. 15, 1926
Mar. 1, 1909
Feb. 1, 1907
July 1, 1901
Sept. 1, 1907
6T. 1, 1907
Mar 1. 1910
M.
M.
M.
M.
M.
Sept.
Nov.
Nov.
1,
1,
1.
1,
1,
1,
1,
1,
1892-1908
1891
1894
1918
June
1909
July
1897
Oct.
1933
Mar. 1, 1899
Jan. 1, 1923
Jan. 1. 1898
Jan. 1, 1898
Oct., 1888
May 1, 1916
May 1, 1918
Nor. 1, 1888
July 1, 1917
Nov. 1, 1899
July 1, 1934
Aug.
Aug.
May
1,
I,
1,
1,
1,
1.
Stock hi. Boxna.— Dividends have been paid as follows slnoa
1876. vis.: In 1877 and 1878. 8 per eent; In 1879, 10: In 1880,
8s cash and 100 p. o. In stock; from 1881 to 1887, Inclusive, 7, In
-j
Range of prices of stock was as follows slnee 1876. vis.: In
--•<• I0.M«; In 1878. 98**dl22; In 1879, 119dl50>s: In 1880
to July, 149*204; July to Dec. (new stock) 100>gal43 in 18H1. 129
• 148*s: in 1882. r.>2*140l«; In 1883. 1 1 6 « « 127 >«: In 1884. Hxn**
126%; In 1885. 105*132: In 1886, 120>s»131; In 1887, lOOoMlo'u;
;
9494484
5.215.156
3,444.504
5.136,i'98
Msllfl
9
7
9U. Ma* fund
"l
7.725.000
919,000
1.000.000
1.628.000
100
$
SUM!
7
9
9
9
5
lOOAc.
1887-8".
11.250.974
4
5
189400
$
lo t!....;7l
9.708,149
Diss*
5
&
l. 999, 890
•..;..
1998-87.
1884-69.
6
5A6
582.000
2,332.000
709,000
ioo
{N
271
rest
9
8
1,600,000
1.007.000
2,000.000
1.5O0.000
531.000
700,000
9m
UN
1396
v-
00
1889
1899
1885
by C.R. LAP.)
coup, or
w.. 1st M.g.
1st M.
102
102
13.908.'
600.000
720.000
1—
311
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
whom.
Cent Payable
$3,365,000
900,900
801.000
1,528.000
1, 600.000
14.665.000
10.000.000
3,869.000
1,000
l.ooo
1881
75
1st mort.. SdDlr.
1st mort. 3d DIt.
do
pref. stock
d Ohio Riser- 1st mort. (for 9500.000)....
Iarome bonds, con v. Into stock till May. 1-M
> *or* /steadd Pur.-St'ck (for $50,000,000)
1—2
125
Other small Issues (see remarks)
Cedar Kaplds d Missouri River, 1st mort
37
Immediate notice of any error discovered In these Tables.
«(ub*crtber* will confer a great favor by giving
OkU. d
.:
.
3.U..MH
7
8
7
6
Mi
5 -1.000
8
90.132.449
Toe dUb-m'U.
Balance, surplus
$975,700 91491407
•Less credit 'terns.
OEXEBAL BALAXCB AT CLOW OF
i
—
•
99,
MO
58.000
.>
IMM.T0I
$9,717490
91309.099
»j.'1J.:7j
UM 17.
1997 -8
$
Road d equip, 127.101.024 I U44.161.050 1148.372,009
3CI1.-.-JI
do
)
MJUI
934,499
12,2' 2.159
Til
l.» 26.281
2,000.734
•10.31I.O15
112.487.159
.'.
13399,100
890400
Dlvidd* declared, not yet due
1431400
9k*kmg funds paid
4.239.175
2.25l.»i8
Oarrsat MUs.pavrolls.de....
coupons, Ac...
i
I
A
.
I413744M 94137439* $41474466
1 1.230.000
9o.*11.500
100>tdll4is,
collateral trust 5 per cent bonds of 1 884 (trustee
Trust Co ) are Issued at the rate of $15,000 per rale
fr single track, $9400 per mile additions! for equipment ami 97.500
'
for double track. They are secured either by the direct lieu of
flr>t
tgage or by deposit with
Ith toe trustee of an equal amount of 1st
'
1-91.
they
rtgag* 8 par oast bonds of branch lines. After July I.
redeemable si 105 in the orler of their numbers, beg'nnl g with
. lowest.
The difference In r te of Interest of the collateral trust
bonds aad the bonds deposited (1 par cent yearly), a» It »• cumulates, Is
Invested in the collateral trust bjud. If puronas ttuc l>elow 105; otti-rwl»e it reverts to ihe comisny. The bonds deposited to secure them
are the following: $3.ooo.0«0 Wisconsin Minnesota
Pecltlo 1...11.U
on road from Vlo'to-. Minn., to Watertowo, Dak., 121 mile*, aud Re<l
Wing to Wat. rillle. Minn . 09 miles (the Wlseon-ln Minnesota A PaiiMo
bring ooar •lad by the Minn. A Bt Urals): $960,000 St. Jo A Iowa bouds,
oa road from Altamont to Rushv
and $2l,000,»00
*3.8.V),ooo for eiiulpmcnt) of the Chios go Kansas A Nebraska
Co .which in 1 -i-i. IuhI constructed 1,210 mile- or roa-l, principally
la Kansas, snd completed a line to Colorado Springs, Col In (>et., '889.
(See abstracts of the ext-ns on and collateral trust mortgage, and of
the mortgages scouring the bonds deposited, in Ciiboniclb, V. 47, p.
390.361. 337.)
The fiscal year ends March 31. Annual report for 1887-8 In V. 46, p.
738, also art. on p. 752 The mileage, earns., Ac., have been as follows
-
1340420
84oft3M RR
A.797J99
3,0()0,l>78
3399.099
1490.178
9194.769,539 9l76.om.646 9103399333
22325,454
islve,
The extension and
i
rtacAL tbab.
9
d grant Inveatnan
i and accounts receivable
.faai.de
l"l-.-H,i..
,
..454
99425.454
......
1883-84.
1884-«5.
1885-88.
1886-87.
1.3-4
l.:l-4
1,527
1394
97344,500 103433.500 Miles owned A oper.
try* artsnj
$
$
$
$
1331.600
1.3 r
raseengars
carried.
3.720.331
2.848,900
3,517,624
3,121.007
4320.175
2.731309
2,050.770 Passenger mileage.. 12--.01H.23*. lS0.2o-.toi 1 13,091412
2-328 ots.
2336 ota.
19*494
199390 Rate per pass.p.inlle 2-468 Ota. 2 420 ots.
t.^80.502
4.1-0.1O9 4.970,496
carried
3.873,605
916314
799490 Freight
(tons) mile- 780.944 28 1 719.972405 793.824.454 941.661 ,006
1- 4 it-.
1-07 ctt.
1-01 ots.
0-93 ota.
125400 Av.rate p. ton p mile
125.000
* Company's freight not Included.
1.473. '.36
9
9
$
714.104
1,188449 T |**a(
3,489.501
8,023,881
3,127.258
3.097,918
.
•.'.
Total
•
Inetudrs F. E.
A
M. V.
w
i
i.
m
Freight
and aisdaat a* collateral for est—In* 4s of 1889. 910.O93.c0O.
laetndra Cute M.P.M.AO. stock. 910.315.659; F. E. A M. V RR.
stork, 3*49* 00. Also owns O. d If. W. iniian stock, 910.007.476.
910.0
and referred stock. *2.2M. Included an other side of thaacconi
aad $3394 preferred stock In
t laetodlag9lo.ou7.476M
4
which amounted
in sinking funds,
May 31,
Net
i
.
^__
Chicago A Ohio Rlver.-I.lne of road fret* 8«de>l», III., toOIney.
96 miles. This Co. was organlied In 1889 as successor of laaDanWUe
Otney d Ohio Blrer. foreclosed In Feb. 1888. An extension to the Ohio
Rtver Is projected. Income bonds are convertible Into *to<k for rive rears
frptaMay 1.-89. Gross earnings a 1988-99, $91,707; net, $8,1 39. In
i?98-*7, gross, 975377; n*x ovfroprratlnf expense* andfixed ehsrgea,
91399. Austin rortrin. President, N T. City, iv.i
.».9U9.)
It... k Island A rarlOc— Lata or Road.—Owns from
j Council Blaak, 500 iniles; Davenport. la. to Atchison. Kan..
:
7^7*"^!
1? l>»»«« w o»th, Kan.. 11; Wsshlngwm. la. to
S**
Booth Raglawood
KnoivtUe, 77;'"St??!?
to South Chicago. 9; Wilton to
Mnsratlne. 13; Newtan to Muaroe, 17: Das MolnrWtatarset, 47: Mcnlo to Outhrle Centre. 14; AUaatle to Ao.luN.n.
25 AtUt.ric to Mrlswold. 15; Avoca
son ,
to Keoaaoqua. 4; Wilton to Urni Kilns, 6: total
own d. 1.121 miles, '.eases.' Cameron, Mo., to Kansas City. 54; Ru
reaa Junction to Peoria. 47 mil,.. K».kiik
Molars A Fort Dodge RR.Det Motaes to Fort Dodge sir Rntbvrn.
Ikaa total lessed. 407 ro Ics. Total opcr
1888, 1.528
miles. >cw road under eoastruetloa la 1888, see below
rum— The Caleago A Rock Wand UK was chartered In
nttglsh Feb. 7, 1851. and opened from Chicago to ih Mississippi River
July. 1854. The present Cble. R. I. d Paclnc was a consollilatlon June
".with 900.000400 stock author
.
stock dividend of
100 percent to the holders ..f in
K I. \ IV stock. Des Moines d
FtwtDadgaRR. was leased in '87. The annnal election occurs in June,
•
;
i
I
i
•
<
;
,
from prop, roads
Pre"n. on 5 p r.bonits.
Total Income
8,037, 163
1/183.981
8,801.354
13.004,348
7 199.993
12.319460
13.509.727
S,742,0SO
4,837,455
4,814.241
59 70
60 92
7,71
1. 163.131
12. jim. .911
7,160424
5.046,587
5- r.'j
dooms
Int.
>
u
1.038.885
1883
1888,
of
.
Net earnings
P.cof op.ex.to earn.
proprietary companies were In
par vain*, bat are now entered
vara* wtti
to cost, aad the stated oust of
«aW 08?#pt*i ti*M om i ww yo iidpiaTt Jf redaoad.
343,991.71377. 46. p. 53. 1*.9, 177,340. 575; V. 46. p.
1^4.300,738; V 47. p II99. 182. 900.)
U9^,400.
-.111,1
...
MaJI.e x pr"*. r-nU. Ac
9188.759429 9176,048.849 8183322323
Total gross earns.
ills and Wyoauag Central RR. 1st*
1st* own. d Operating expense*
4.
7...01.809
1
21 -.-7 J
4,767,067
04-71
Aoootnrr.
MM
1885
-
1886-7.
9.
9
5.046,587
I4374M
330.000
j 111.000
4.814.240
230.000
6476.0H7
6,147,450
6,044,240
301,131
1,094.750
301,995
303,782
1,213,250
1.320.H67
2,937.186
7
4,7117,667
220.00O
193,170
844.000
6,02«,887
9
Rent
Interest on debt
Dividend*
Rate per cent
Ad.l'n aad Imp.
497489
4974M
7
750.000
7
463,000
164.784
Total disbursements.
5,u80,2l5
6,279,401
Balance, surplus
97.1H6
67.240
• Includes rents aad tolls Mi. Rlrer Bridge.
sec't.
190444
111,400
1,810.778
3,010,518
7
17')/'22
4.73..137
311,703
—(V. 44. p. 00. Ul. .»()-. :i.6, «96. 626. 712. 713.731.752;
55, 166, 342, 4O0. 438, 472. 612, 613; V. 46. p 134,251,353,
752, 819; V. 47. p. 21. -1. |o8, 260, 327, 499.)
A
< lilrago It.
Louis
Pittsburg. The mileage Is as follows!
Onlumlius, 1.. to Imllanapolls, lu.l.. 1-, miles; branches— llrailfnrdjnno.;
0.,t*Ohlcago, 111., 231 mi Richmond, I ml., to Anoka Jn 11
In.!.. 1112 m.
Ixgans|-irt. In. I., to Illinois -tale l.lue, ill m.: Inllanai-ills to KoKoino
mi-r ite.1 J..|ntli with Lake Erie A W. -r.i 54 111
Hamilton. ()., to Indiana Hta:e line (and leased r..,ul). It mile-; ('In. A
Kleh. Ul: t.. II .11,
m total operated. 71)2 m
This Is the mora-nnlsatuin (Maroh 20, 1833.) of the Colurahiu Chicago
A In. liana Central mad, sold In foreclosure on Jan. 10, 1883. Tna
C. 0. A I. 0. company was formed Feb. IS, M«8, by contbeOol. A Ind.Cen. and Chic. AdreatBast. rallroswleoi
\nii
'8^. syqul-ed ('In. Rich. A Chic previously I s>.
v Day.
The Penn. RR. and the Penn. On, h..ld a large amount of the 1st consolid it d mortgage and the stocks. The preferred stock Is entitled to 8
_
per eent yearly If earned, sml Is cumulative.
1
.
:
•
;
:
;
r
.
C
c
.
.
.
SUPPLEMENT.
1NVEST0KS'
3M
;
XLVn.
[Vol.
notice of any error discovered In theee Table..
Subscribers will confer a great lavor by jflvlne Immediate
RondK— Prun 1INTEREST OK DIVIDENDS.
laLWhen Di e.
DESCRIPTION.
Miles Date Size, or
Amount
ai<ickn— Last
aud
Payable
Uj
Where
per
When
Rate
par
of
of
notes
see
Ac,
Outstanding
headings,
column
of
Dividend.
explanation
For
Whom.
Cent.
Pay'ble
Road. Bonds Value.
;
on
first
page of
tables.
702
702
580
117
208
93
107
208
Chicago St. Louis <f PUUb.—Common stock
Preferred stock (6 per cent cumulative)
o*r
1st mortgage, consu. gold ($22,000.000)
1st M. Chic. A O't East. (Chic to Logansport)..o*
do Col. A Iiul. Cent. (Colum. to In<l. and br.l.o"
o*
do Union A Logansp't (U'u City to Logans).
do Clnn. A Chic. Air Liue(Rleh. to Logans.).
-.0*
9d M. OoL A Indianapolis Central
Debentures.$l.SOO,Ol0 authorized, hutnot Issued
Okie.
St. P.
* Kan.
Oi'y-lst, M.,g.(re<riJan.,
'96).
o'
A Northwestern— 1st M., g., $16,000 per m
Income bonds (cimv. Into 5 per cent prof stock).
Okie. St. Paul irin'/mlis «r Omaha—Common stock..
e*
c*
o*
A
8,580/00
1888
1,000
100. Ac
9.623,000
7,891,700
18,559,593
11,259,933
L880
1.000
1,006
1864
1-8*
1986
177
120
608
25
12
North Wisconsin, 1st mortgage
A Sioux Citv, mort.. gold, for $7,000,000.0*
Paul Stillwater A Taylors' Falls, 1st mort
St. P.
St.
e*
A River Falls. 1st mort
Minneapolis East KR., 1st mort., guaranteed. ..0*
105.0*
dr'n
at
s.
f„
UtM
Indiana—
,g.,
A
"West.
Okie.
Oen'l mort., gold, sinking fund, red. at 105
Okieago <t West Mich igan—Stock, new
Chic. A Mich L.S.RR, 1st M., New Buff, to St. Jo.
Or. Rap. Newaygo <S Lake Sh., RR..lst mort. cp..
Oen'l M. ($12,000 p. mile). 1st M. on 212 miles ..
Oinctnuwi Hamil ton <t Dayton— Stock
Preferred stock. Series A A B
Consol. mort. ($990,000 are 7s) $ A £, s. t
0'
2d mortgage, gold
Cln. Ham. ft I. (Junction) RR., 1st mort.. guar
Oindnnati Indianap. HI. Louis <t Chicago—Stock.
Hudson
"48
—
100
100
1H7-I
500 Ac
1880
1879
1878
1878
1879
1879
1882
1,000
1,000
1869
1871
1881
1.000
1,000
1,000
1,000
1.000
10:)
414
127
36
414
324
324
60
'98
411
ioo
100
1,000
1,000
1,000
1875
1887
1873
100
$1,396,840
3,602,213
$4,507,596
3,807,645
$4,842,316
3,966,301
$5,837,180
4.311,165
$794,627
$759,951
$876,015
81-93
83 36
INCOME ACCOCNT.
81-91
$1,576,015
73 33
Net earnings
P.o.of op. ex. to earns.
Receipts—
Net earnings
Other receipts
Total income....
—
635
635
635
635
1885.
1886.
$759,951
$876,015
1887.
$1,576,016
$7o9,a.>i.
$876,015
$l,57b,o.<.
$21,224
$21,918
$21,224
$21,224
1,074,121
1.068.775
1,079,241
1,079,602
17.56*
95.789
Miscellaneous
145.324
$1,236,017
Total disb'rsm'ts $1,100,826 $1,1 IS.l.JU $1.19,
Balance
def.$226.154 def.$353.079 def$3 '5,U9sur.$3:i9.999
(V. 44,p. 369.433. 55*5.526, 653. V. 45. p. 25, 239, 400, 538,705,855;
V. 46, p. 133. s-27, 371, o36; V. 47, p. 498.)
Ad
—
St.
Paul
A Kansas
City.— (See Hap).— Main
;
•
B
355
$3,2 47
8,199,190
39
3-03o
te perpa-s. pr. inilo..
Tonnage mileage
Bate per tou per milo
109
$\6s4
2,070,
4
..i»8
$3,-0.
22,350.472
300o
2-34 c
16,293.207
71,164,2 -8
187,092,5 5
1-230
r26o
800c
*
io. biding $64,001 59 brought forward.
Coustruoi ion ol tuelasi division, 16 mlies (Das Moines to St. loseph),
Is suioe completed
and bon Is issue 1 in respect thereof begin to draw
Interest against earnings of 1889. The Co. has al*o «1,2jO,00 ;t-v ir
notes ouisUudmg due 1891.
M. A N. W. uiortg. is ilrolte I to $16,000
per mile oi rn.ul plus oertitted oosta' par if terminals iu cities of 50.0JO,
aud bildge< over the Missi-slppi silver, prov ded maximum does uoi
exoced $20,00<i per mile; the oouds outstanding cover tin' r tad between
Chicago .« St. Paul (4 io miles) and o'her road, total 511 miles, will
bridge at St. P»ul. and extensive terminals iu S Paul, Minneapolis an
Duiiiupir. i'. St. 1*. AK. C. 1st M is limbed to $20,iK)0 per mi e of r.iad
plus cert fled cmi at p.ir of terminals In cities aud ol equipineut as re
quired over the whole sysiem. provided mtximum dotss not exceed
uO per uilbr on total miie go owne I: tile oou.ls outs anding are
J^5,
ttius 1st in nig. upon 300 miles betwee.. Das \I imtn and
St. loseph and
al>o upou s ludry equipment together witu ter.uiuais iu
Si. JosepO in
K.ans*s Ulty; and lur lur nave a llou u > m ihe remaining 511 miles
subject ouly to tne Minnesota * North western bonds as auth h 1/...1.
Couiin m .to-k 81 t.sn ;,'..oj. p. tr of tnares iilo ).
A-B.duu*u,i , Pres't. S',. Paul. finu. >V. L B lyli. Vlee Pr.i-'t 40 Wal
BU, N. Y. (V. 46. p. 200. 255. 771; V. 47, p. 353, 531, 593, 595
Chicago St. Paul Minneapolis 4c Omaha. -(See map Chicago
ft Koruiw, st.rii )
Mileage; Eastern Div.— Eiroy to St. Paul. 195
giver halls Brunch, 25 miles; SU11 water Branoh, 4 inues: South Still miles;
water
Branch t miles; Eau Olalra Branch, H miles; NeiUsviUe Branch. 16 iu.;
St
'"" 8 *l*oHs. llm.(lea.ed); total, 2.8 miles. Northern Division—
v
,, uT
»oru WlaooiiKln Junction to Baytleld, 17o miles Asia, .ml Junction to
Asiiau.l. 4 miles; Ash and Shore ll„e.
1 mile Eau Claire to Oil
jumii.m, 81 mile*; superior Junction to Dul.itn. 73 miles:
t .lal.
* Slo "J " y " v --«t- Paw to Sioux City, 269 allien;
Mil,,', io*!!. ;
*i"
,,rrl: ",u Jtaw-i
miles
(I
ascd)
Lake
Crystal
to ICI
;\
n. >r
t'i", u
L lko to l 'P'Stone 55 miles; Sioux Falfs Junction
to Mi'ir,,,.? l <\
u
""'••-: l-uveror to Doon. 2, miles; total. 5.4 miles
S«b?^i- n :
1
" " "" ^«»ue»i Cooum Juno. to Po tea,
!" 10 ".'
16 miles" MiV^'u
7. ,riu '" r r - '"'•«'«; Norfolk Branoh to Emerson,
46 miles, wlTS?
m Kto
.
•o
Wakedold
Hartlngton, 34 miles; Wayue to Randolph, 22
.
I
,
i
.
c
i
t
I
:
W
l
!
,
1
SdW
V"
',
'
-
,T.
N"
6.396.6ii6
8,150,200
480.000
570.000
2/uO.OOO
4,000,000
1,000,000
2,891.000
2,000,000
1,800,000
10.000.000
,
245 miles. Total, 1.394 miles (38 miles of which under
Proprietary road, 5 miles. Total of all, Dec. 31, 1887, 1,399
Thif
was
a consolidation July, '80, of the Chic. St. P. A Minneap.
miles.
(formerly West Wisconsin), the North Wisconsin, and the St. P. A S. City.
has a prior right to non-cumulative dividend of 7 per
stock
Preferred
oent from net earnings; but common is never to receivo more than is
Chic. St. P. A Minneap. 1 st M. is a 2d on the lands.
pref..
The
on
paid
Iu November, 1882, a controlling interest in the stock was purchased
Railway by the acquisition of 93,200
Northwestern
Chicago
A
(or the
shares of common at an average price of 48-40, and i3.s00 shares of
the total cost being $10,31 >,b;>9,
104-04—
of
average
an
preferred at
which stock is held as an asset of the Chic. A Northwestern Company
Chrovk-.e,
V. 46. p. 411. The landsalesin
whs
in
1887
Report tor
1887 were 30,671 acres for $89,078, including lots; land contracts
lands undisposed of,
$2,495,571;
31,
1887,
baud
Deo.
and notes ou
621,144 acres. Earnings. Ac. were as follows
OPERATIONS AND FISCAL RESULTS.
1887.
1886.
I8s5.
1884.
1,399
1.365
1,3 40
1,318
.Miles operated.
;
$
Earnings—
Passenger
Freight
Mall, express, Ac...
Gross earnings
Oper'g>xpenses
Net earnings
P.c. of op. ex. to earn
—
lines (all
Chicago to St. Paul & St. Joseph, 690 mi es; Ilayileld to Central
Iowa Juuclion 47 miles; branches Summer to Hampton 64 miles; to
Coal Mines, <ao-. In Iowa. 10 miles; total owned 811 miles. Leased St.
Paul to Minneapolis. 10 miles; Chicago termiuals 10 miles; Dubuque io
Aitken, 16 miles- Dcs Moines tenuinils, l>a miles total leased b 7 >9
mlies. Total operated, 848'a miles,
Organized May, 1836. Amalga oared December. 1887. with Minnesota Jt N. A'., which was chartered in 1854. Operations during construction to date have been as follows:
M in is. ending
Year ending
Yaar ending
June 30, 16V6. Ju e3j. 1837. June 30, 18 s.8.
Gross receipts
$1,210,410
$*2,3 15,517
•292,6 3
Oper, exp. & taxes ...
199,485
799,911
1,81 ,583
Net income
$416,11)9
$9 ., 13 7
$49 .993
Interest
595,72*1
92,000
345, L70
Benials
1-.3.826
Balance
6ur. $1,137
del. $
o -><eur. $71,328
steel)
Av. ralleaire operated...
Gross e •riis. par mile...
Passenger mileage
134
3,000,000
800,000
6,030,000
334,800
125.000
75,000
2,221.000
:
1884.
$791,627
80.045
9874,672
Disbursem cuts
Rentals paid
Int.,
on debt..
Chicago
-
lease.)
1887.
1886.
188.S
1884.
12,74'.;,
Various
7
7
7
miles; total,
In 1 888 it was proposed to isme debentures to fund overdue coupons
on the 5 p ->r cent mortgage bonds, but none are yet out.
For vear ending 30, i883, icross earns, were $5,735,756 against S5,
388,474 iu 18-17; net. $1,302,382, against $1,821,458. V. 47, p. 498.
The annual report of this company for the year 1887 was pub
lished lnthe Chkomci.e, V.46. p. 536, to which reference should be made.
OPERATIONS AND FISCAL RESULTS.
Miles of r*d operated
Total gross earns
Op expe. and taxes.
A O. N. Y.. Union Trust Co. Oot. 1, 1932
1893 A '95
do
do
Nov., 1904
do
do
J. A J.|
Deo.. 1905
do
do
A. A O.
Aug. 1, 1890
do
do
F. A A
7
Nov., 1901
do
do
7
M. A N
5
.Inly 1, 1936
London
A
Wall,
N.
Y..40
A
J.
g
2
July 1, 1934
do
do
5 g.
A J.
July 1, 1936
5
A J.
J. A J X.Y.. Oilice, 52 Wall St July 20. 1888
Juno 1, 1930
do
do
6
J. A D
May 1, 1918
do
do
N.,
g* J.M. A
Jan. 1, 1930
do
do
A J.
•ipril 1, 1919
do
do
A.
A
•*
.Ian. 1, 1908
do
do
J. A J.
July
1, 1908
do
do
8
J. A J.i
Jan. 1. 1909
do
do
,t J.
7
1919
Nov.
1,
Drexel,
M.
A
00
Y.
6 g. M. A N.I
do
Deo. 1, 1932
do
6g. Q.-M
1888
All/.
15,
Sears
B'ding
26
Boston,
F. A A.
Sept. 1, 1889
do
do
M. A S.
8
1891
July
Co.
1,
Union
Trust
N.
Y.
8
J. A J.
Deo. 1, 1921
J. A D. Bost., Nat. Webster B'k.
5
May 1, 1887
2
Q.-F. N. Y., WiuslowL. A Co. Nov. 1., 1888
1
Oct. 1, 1905
do
do
5,6,7 A. A O.
Jan. 1, 1937
do
do
4»8g. J. A J.
Jan.
1. 1903
do
do
J. A J.
7
1-4
Q-M. Oinoiiinatt.Treas.Omee. Sept. 15. 1888
5g. A.
Nil.
1884
1,399
1,399
Preferred stock
Consol. mortgage ($15,000 per mile)
Minn., 1st mort., gold
Chic. St. Paul
1,000
1.0(H).
1864
1865
300
511
Minn.
1,000
$9,010,021
17.107,975
13,771,000
223,000
2,631,000
715,000
108,500
780,000
$100
100
1883
Receipts
Set earnings
Met from land grants
Other receipts
Total income ...
Disbursement*
Rentals paid
Interest on debt
Div. on pref. stock..
Rate of dividend ....
Loss on prop, roads.
—
$
$
$
1,430,711
4,132.530
221.690
5,784,931
4.007.022
1,305,515
4,255.398
253.897
5,814,810
3,721.151
1,413,218
4.466.734
273,315
6,153,267
3.848,575
1,, TJ,tt\>a
2.0;t ,,659
2,304,«;I2
69-26
63-09
INCOME ACCOCNT.
1885.
188 4.
$
$
1,777,909
651.125
213.2 n
2,641.255
2,093,659
721,995
31, 235
2,848,889
$
49,174
1,320,116
787,976
112,9^2
1,33 4.32 4
$
675.4J3
2,170,361
Tot. disbursciu'ts
470.391
Balance surplus.
(V. 44. p 184, 263, 493; V. 45,
62-55
6-J-76
1836.
1887.
12,521
2,035,238
763,651
$
$
2,304,692
741,065
73,95
3,119,716
3,001.713
$
117,009
1,337,956
675,103
8 2,238
1,337,956
675.408
2,307,258
65 4,501
39.954
1
$
(6)
(61
(7)
13.0>i5
1,743,225
4.902,910
2 9,738
0.^40,373
4,633,615
2,307,258
(6)
9.624
8,409
2,1.(J, i>7
2,1'I4,061
897.652
49.; V. 46, p. 302, 319, 4 11 V.
p.
979.719
;
47, p. 170, 396.1
Dolton and HamChicago
mond, 111., to Chicago, with a belt railroad and branches, with ware
miles
of track In all
aud
135
roads
miles
of
48
houses, elevator, Ac,
including 2d, 3d, 4th and siding traok (of which 51 miles were leased to
estate. This
of
real
400
acres
about
aud
the Belt R'y of Chicago),
company leases its road for right of way into Chicago aud terminal
A
Western Indiana.— Owns from
therein to the Wabash, the Or. Trunk- of Can., the Chic. & E.
the Chic. A Atl., the Louisv. New Alb. A Chic, aud Chic. 8. F.. A Cal.
roads; the annual rentals stipulated exceed the interest charge considerably. The stock is $5,000,000 ami bonds are limited to $10,500,000;
at any time at 105 by a sinking
the bonds are liable to be redee ue
rund, which is provided for by increased reutals to be paid for that
18S8
about $35,00.), applying only
purpose. Sinking id. payments in
to lstmjrtg. bou Is; payments increase yeiriy by interest ou a mds redeemed. See annual report V. -44. p. 780. In 1837 gross rdceipts were
In 1830 revenue from
-0:19. .01; surpus over tiXi d charges, $168,829.
Interest. etc., $5 .1.781 surplus, $163,144.
rentals, etc.. was $700,923
-(V. 43, p. 82; V. 44, p. 751, 780; V. 47, p. 2 )1.)
West Michigan.— Owns from Lacrosse, Indiana, to
Chicago
Peutwater, Mich., 209 miles branches— Holland Junction to Allegan,
23 miles; Holland to White Cloud, 70 miles; Fruitport to Musnegon,
10 miles; Kirk's Junotlon to Pickaud's Junction, 3 miles; Muskegon
10 Port Sherman, 6 miles; Woodvllle to Muskegon River. 18 miles
vlears to Hart, 3 miles; B. R. Junctiou to Big Rapids, 52 miles: White
'liver Junctiou to Baldwin, 20 miles: total operated, 111 miles. In
1887 leas- d to C.iicag A Inl. Coal RR., about Is mllea.
Organised as successors of Chicago A Mich. La-koShore Jan. 1, 1879,
and consolidated In Sept., 1881, with the Grand Haven road, and
rhe Grand Rapids Newaygo A Lake Shore. There are yet outstanding
Div. bonds.
•i-ji 000 (i. K. x
a 1.. s.
Report for 1b87 was iu Chronicle. V. 46, p. 770.
Dayton. -Owns from Cincinnati, O.,
Cincinnati Hamilton
to Dayton. O., 60 miles; jlc'oiub io Ujsulor, 9 miles; Bow.ing Jreen
Piqui
I..
8 miles; lft.ncs— Dayton .« .lie ligau,
A
R
6miles:
TrotKR..
Davtou to Toledo. 142 miles; D shier to Finllay, 11 miles; Cincinnati
Total
l.i'ioilion ft Indianapolis, Hamlltou to Indianapolis, 99 miles.
Ii Aug.. 133 -. the Cln. Rich. A Chicago was traus,1. sir iied, 321 miles.
to the Chicago st. L mis A Pit sburg.
in .luue, 1387, authority to issue «jlO,OJ0,009 prof, stock was voted
and part was Us ood under the Ives management, but was contested.
The bonds i-^nol in 183 7 are a second n-'i -m the main line, 6 'iiiles.
ir letaal
and also cover the ro id fro u Mo Ijiub 10 D -s d"r, 9 miles, tn
leases of the Dayton A Michigan an 1 Cincinnati Richmond « ^ uoAgj
Ciaoiunatl
from
tuo
due
claimed
to
be
snd
of
debt
ruts
$1,3 16,653
Hamilton ft Ind. RR. Co.
lacilitiis
(11.,
1
;
;
A
;
m
A
1
>
1
November,
1888. JJ
RAILROAD STOCKS AND BONDS.
MAP OF THE
CHICAGO, ST. PAUL & KANSAS CITY
^
RAILWAY.
'
foR«nLT Munrasori im> Nobth-Westtek
Railhoad.
.
L'An*«*i
M
'
C
l.
t
ir<iue«JH
~~Z^N
—
c
J
;
INVESTORS' SUPPLEMENT.
40
;
:
XLVn
[Vol.
Sahacrlbara will coaler a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
DESCRIPTION.
Miles
For explanation of column headings, Ac, see notes of
Road
on first page of tables.
Indiana/). St. Louis it Chicago— t OonVd) —
c
Indianapolis Cln. A Laf. mortgage
o
Obi. A Iud., 1st mortgage
coups.)
e
do
2d M., guar. ($23.7.10 funded
Geo. 1st M. g., s.f. I p. c, Inn bonds not dr'n.-car
Consol. inort., drawn at lUS.s. f. 1 percent
„ Cincinnati ljifavitle A Chicago, 1st mort .. gold o
(Snn.Jark* Mack -Ut.consol., g.($10,000 p.m.) o"
o*
Cincinnati Van Wert A Mich.. 1st mort
do
do
2d M., lac, non. cum. .roil, at 100
I);ilc
Size, or
When Due.
Amount Rate per When Wliere Payable, and by pal,
Slocks— Last
of
Par
Payable
Cent.
whom.
Bonds Value. Outstanding
Dividend.
Cinti
C
Cincinnati Lebanon* Nor.— lstm. (for 9200,000) c
Cincinnati if Muskingum Yallcy— 1st mortgage
Cincinnati Acta Orleans rf Texas Pacific 8took....
Cin. Richmond .r Chic. 1st mort., guar
Richmond * Ft. IT.— 1st mort.. gold, Int. guar
Cincinnati Sandusky A Cleveland Stock
Preferred stock
-.
1st M.,8.Day.AC. ( VfaLRlv. AL. E.) dr'n at 100..
2d mort g. (Sno., Sandusky A Cleve
Conmil. 1st M. ($3,000,000) gold
Cincinnati <f Upringjicld— 1st mortgage, guar
o
2d mortgage
. e
Cincinnati Wabash d Michigan—Stock ($3,000,000)
Cincinnati Wash, it Halt.— 1st M. gold (4*»s guar.).c
2d mortgage, gold...
o
Prior lien, gold.
c
3d mort., gold (3 pr. ct. for 10 years and 4 after) c
1st income mort., non-cumulative, gold
c*
—
Cm
—
—
—
,
151
20
20
All.
175
56
331
38
148
330
36
86
214
214
170
43
48
165
1867 $1,000
1,000
1862
1,000
1867
1886 1000 Ac
l.OOO
1880
1 .000
1871
1,000
1881
1881 100 Ao
1886
1870
100
1,000
1,000
1866
1868
1888
1871
1872
1,000
50
50
3d Income mort., non-cumulative
o*
Baltimore Short Line mortgage assumed
o
Cincinnati A Baltimore mortgage, assumed
c
Bcioto A Hocking Valley mortgage, assumed. ...c
1852
Operating expenses and taxes.. $1,813,899
C. H. AD. dlv.. com. and pref..
236,940
Interest
490,718
D. A M. dividends
132,020
$2,037,273
$1,947,218
120,000
325,259
576,959
507,443
171,401
132,024
Miscellaneous
73.542
8,812
Total
$2,920.756 $2,97>M.<o
$2,673,577
Net surplus
"$'-.017023
$182,982
$201,385
<V. 45, p. 53, 210, 239, 333, 369, 437, 472, 572, 613, 672, 820, 855; V.
—
•6, p. 769, 802, V. 47. p. 170. 563.
Map.) —
Owns from Cm. to Lafayette., Ind., 174 miles; Lawrenceburg branch,
4 miles Harrison branch. 8 miles ; Fairland F. A M. Road, 38 miles
and Cincinnati Lafayette A Chicago (leased), 76 miles; Vernon Oreen.
A Rush., 44 miles; Kankakee A 8eneca (one-half owned), 43 miles; Col.
Hope A Oreen., 26 miles; total operated, 413 miles, but statement of
earnings for 1 887-88 below covers only 303 miles.
This company was formerly the Indianapolis Cin. A Laf., which road
was sold In foreclosure Feb. 2, 1880, and this company organized.
The new 4 per cent mortgage for $10,000,000 (Central Trust Co. and
Hervey Bates, trustees) will retire all other bonds as thev fall due, and
leave a surplus of $1,000,000 for other purposes as needed. The sinking
fund for these bonds Is 1 per cent yearly of the amount of outstanding
bonds; payments lapse when bonds cannot be purchased at 102Hi and
Interest. Dividends since 1880 prior to current year have been: Iu
1881, 6 per cent; in 1882, 6; in 1883, 3; In 1384, 0; in 1885, 1; In 1886,
*M: in 18*7, 5; in 1388,5.
From July 1. 1888, to Sept. 30, 1888 (3 mos.), gross earnings were
$704,725, against $707,105 in 1887; net, $250,703, against $.'8i,867.
Fiscal year ends June 30; report for 1887-8 was in V. 47, p. 380, 383.
Cincinnati Indianapolis
St.
Louis
A
Chicago.— {See
1884-85.
$
Net earnings
1885-86.
$
935,678
986,872
1,052,296
1,076.823
624,234
210,000
643,267
332,500
(4%p.c.l
15,582
514,653
500,000
Dividends
Bate of dividends
(3 p. c.)
Miscellaneous
29,015
Total disbureem'ts.
Balance, surplus
$
624,482
Disbursements
Interest on bonds...
1887-88.
18,844
(5 p. c.)
4,559
653,527
282,151
853,078
991,349 1,019,212
133,794
60,917
57,611
509, 672,855; V. 46, p. 102. 254
255, 352, 480,609, 802; V. 47, p. rl, 226, 380. 383.)
Cincinnati Jackson A- Hucltiiinw, -(«« Map.)— Owns from
Carlisle. O., north to Addison, Mich ,188 miles; Allegan to Dundee, Mich
133 miles; leased, Dundee to Toledo. 23 miles; total operated, 344 miles.
Tills Co. was fonned Feb. 12, 1886, by consolidation of the
Cinciu. Van
Wert A Mich. BR. and the Jackson A Ohio BR. In 1837 puronased the
Mich. A Ohio sold in foreclosure.
Toe bonds are Issued at $10,010 per mile, covering also equipment
Which cost about $1,000,000. thus reducing the lien ou the road to near
JF7jOOO per mile. The authorized issueot 1st consol. bonds is $6,000 292 .Rref 8t"ck 6 P- ° nou-cu.nulative. $7,330,00 ".and o unmon stock,
$13,500,000, of which $U,269,500oouunoa and $'.,882,000 pref. were
outstanding June 30, 1888. Of the 1st cons >1. mort, $1,200,000 will be
Used to retire, the same amount of Oin. Van Wert A Mich. 1st mort
Bonds due 1901. which are a first Hen on 8l«« miles (called the Central
Division) between Cecil. O., and Greenville, O.; of the $5,882,000 pref
stook, $1 ,200,000 Is In trust for retiring same amount of the
2d mortgage
incomes. See abstract of mortgage (Central Trust Co. of New York,
— (V.45, p. 112, 271.436.437, 438,
;
-
•
trustee) Vol. 45, p. 574.
Fiscal year ends June 30.
For the year ending June 30, 1888, gross
1
1.
)
86 mile*; branobes, 2 miles total. 38 miles. This Co. was formed in
f t hp '"'""• N '>rt«ern, sold in foreclosure.
"*'''"?,
Stock Is
•Sao"™,"
JWBB.OOO: par. $10o. .In 1887 gross curninns were $111,717; net. $25.v «^,
1
;
™
477; surplus over charges, $20,477.
»-,,»,
Valley.-Owas from Morrow, O., to
tSSS^fHSL*. Mo'hlngnm
14 8 miiee
8ol<f undor '"""closure
Wand
r.i.r^i'i^
and reorganized
W.
j.
J.
7
do
do
Feb., 1897
Deo., 1892
Jan., 1892
Co.
do
do
Aug.
1936
1920
1901
Deo. 1. 1936
N. Y., Co. '8
Jan. 1 1901
do
Jan. 1, 1930
a"j Clnn., 4th Nat'l Bank. July 2, 1916
A J Jan., '86, op. last paid Jan. 1, 1901
N. Y., Central Trust Co.
N. Y., Drexel, M. A Co.
do
do
Agency.
do
1,
May
1,
Sept..
.
3
Feb. 5, 1833
7
I*
8
A D
M.
AN
6
F.
7
J.
J.
N.Y., Wlnslow, L. A Co. Julyl, 1895
N.Y., Wlnslow. L. A Co. •June 1, 1921
Bos'n Office, 3 M< -r. Bow Au*. 6, 1888
A"
J.
J.
do
AA
AD
A J
AO
A J
do
Boston, Nat. Revere Bk.
Bos. Office, 3
Nov.
1,
Feb.
1,
Mor Bow. June
1,
1,
1888
1900
1890
{•
A
A
A
under fixed charges, $102,252. Amount due lessee Dec. 31, 1887,
$1,081,013, and for coupons up to July, 1883, not presented, $203,550.
Capital stock, $3,997,320.
Cincinnati
New Orleans A Texas Pacific.
-
(See
Map).— This Is
the company organized under the laws of Ohio Oct. 8, 1881, to operate
the Cincinnati Southern, and 51 per cent of the stock Is held by the English companies, the Ala. Great So. By. \!o., Llm., and the Ala., New Or.
A Tex. Pac. J. Co., Llm. The Cincinnati Southern road extends from Cincinnati to Chattanooga, Tenn., 336 miles. The Ala. N. O. AT. P. also
controls the Vlcks. A Mer., 142 miles ; Vioks. Shrev. A Pac., 189 miles
N. O. A No East., 196 miles; and Spanish Fort BR., 13 miles.
See
title in this Supplement.
The rental due the Cincinnati Southern is
$912,000 till 1891, $1,012,000 till 1896, $1,102,000 till 1901, and
$1,262,000 till 1906. For action of Ohio Senate relative to lease of
Clnn 8outheru see V. 46, p. 319. The annual report for 1887 in V. 46,
p. 252, gave the following income account for four years
1884.
Total earnings
$2,658,181
Working expenses... 1 ,754,174
Net earnings
$904,010
Deduct —
For taxes
Forrental.
Total
Surplus revenue
1885.
1886.
1887.
$2,882,172 $3,377,552
1,753,879
2.034 572
$1,064,811 $1,128,292 $1,342,980
$2,681,546
l,rtl6,735
$82,800
812.000
$894,800
$9,210
$93,800
812,000
$905.800
$159,011
$79,700
834.043
$913,743
$214,549
$82,214
912,000
$!)94,2\4
$343,766
252.)
Cincinnati Richmond & Chicago.— Owns from Hamilton, O.,
to Indiana State Line, 37 miles leases, Richmond, Ind., to Ohio State
Line, 7 miles; total operated. 44 miles. Reorganized May 3, 1866, and
leased in perpetuity from Feb., '69, to Cinn. Ham. A Davton Co., but in
Aug., 1888, lease transferred to Chic. 8r. L. A Pitts. There are 2d M.
bonds for $65,000, due Julyl, '89. Capital stock, $382,600. Deficit under
expenses in year ending Mar. 3l,'83, $;,812. (V. 46, p. 573, V. 47, p.
—
(
V. 43, p. 125, 210, 774; V. 41, p. 21,
2 43; V. 45,
p. 819; V. 46, p.
;
170, 226.)
Cincinnati
Ind., to
Richmond A Fort Wayne.-Owns
Adams,
Wayne A Chicago
to Grand Bapids
terest is guaranteed
A
Ind., 86 miles; leases 5
total operated, 91 miles.
;
Indiana, the
from Rich
miles of Pittsburg
Leased for 99 years
rental being net earnings;
in-
by the lessees and by the Pennsylvania Company
and Cincinnati Hamiltou A Dayton Company, jointly. Gross earnings
$418,508; net, $100,492; loss to guarantors, $30,961. Gross
$333,535; loss to guarantors, $>8,166. Capital stock. $1,709.313; par $50. Total advances by guarantors to Dec. 31, '37, $1,037,593.
In 1887,
In 1886,
Cincinnati Sandusky
A
Cleveland.— Owns from Sandusky
Ohio, to Dayton, Ohio, 154 miles; branch, Carey to Flndlay, 16 miles
leases Columbus Springfield A Cincinnati. 44 miles; total operated, 214
miles, less the division between Springfield A Dayton, 24 miles, whiob Is
leased to the Clev. Col. Cinn. A Indianapolis. The preferred stock
has a lion by deposit of old bonds in trust. The mortgage of 1838, due
1928 (trustee, Am. Loan A Tr. Co. of Boston), was to retire the preferred stock and prior bonds when due, $2,600,000 bonds being pledged
for this purpose. In April, 1881, a lease was made to the Indiana Bloom.
A West'n, but in March, 1888, road reverted to owners Dividend of 5
per cent out of judgment a<st. Ind. Bloom. A West, was paid Aug. 6,
'88, on common stock, the last previous dividend having been 2 per
cent In May, 1884.
(V. 45, p. 613; V. 46, p. 771; V. 47, p. 81, 103,
326.1
Cincinnati
Springfield.— Operates from Cincinnati. Ohio, to
Springfield, Ohio, 80 miles, of which 32 miles are leased from other
companies. The whole Is leased and operated by Cleveland Col. Cin.
A Ind. Co., giving them a line Into Cincinnati, and depot accommodation. Lessees apply any excess over operating expenses and Interest
to C. A 8. stock. Interest Is guaranteed on the first mortgage, one-half
by the lessees and one-hall by L. Shore A Mich. Southern. Stock is
$1,100,000 (par $50), voting power ou $616,450 being held by trustee
for 0. C. C. 41. To January, 1888. tne C. C. C. A I. had advanced
Gross In 1837, $1,202,061; uet, $19i,32L
$2,815,754.
interest,
$185,570; balance, $6,571. Gross earnings lu 1836, $1,130,324; uet,
$116,001 deficit under Interest, $69,570.
A
:
;
•»aO,4B5; operating expenses, $414,187; net earnings,
SSS "ft8 were """*
"'"I rentals, etc.. $ J29.94
See report V. 47, p. 503.
,v 'fi
''V''
-<.
4.i, p 571,574; V. 46. p. 38, 134;
V. 47, p. 563
Cincinnati Lebanon A Northern.—Clnolnnutl, CtoDodds.O.,
'
g.
6
6
S
A
N. T., Drexel, M.
>
ficit
Fort
$
5
I
St. L., but on Dec. 31, '85, the C.
1, *73, to P. C.
M.
V. Co. resumed possession.
deoree for the sale of the road was made
in 1887.
Gross earnings in 1886. $391,132; net, $74,511 interest,
$105,000; deficit, $62,155. In 1887 gross, $441,054; net, $44,695; de-
mond,
1886-87.
7
years from Jan.
;
INCOME ACCOUNT.
AA
A
A J
Q.— F.
M. A N,
M. A 8.
J. A D,
J. A J,
F.
J.
J.
New York A Boston. Jan.
1918
A.
N. Y., U. 8. Trust Co.
2,000,000
April 1, 1801
651.000
J.
do
do
Jan. 1, 1902
7
2,043,200
7,500,000 IHigA 6g m.'a'n N.Y.,Farm's' L.ATr. Co. Nov. 1, 1931
3,040,000
do
Nov. 1, 1931
5 g. J. A J
do
500.000
4 ^g
do
A O
do
April 1, 1893
3-1
do
2,270,000
A A
do
Nov. 1, 1931
3,214,000
Wo interest paid.
Nov. 1, 1931
5
4,000.000
No Interest paid.
Nov. 1, 1931
5
750,000
A D Cin., C. W. A B. Office. Deo. 1, 1904
7
500,000
7
A J
do
do
Jan. 1, 1900
300.000
M. A N
do
7
do
May 1, 1896
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
In June. 1887, a controlling Interest in the stock of the Terre Haute A
Indianapolis BR. was purchased. The failure of H. 8. Ives A Co., in
August, 1887, placed the afl'airs of this company In a complicated situation. The securities in its treasury had been used largely for loins,
and preferred stock to an unknown amount had been issued and
Pledged by Ives A Co. This matter, with all others pertaining to the
years 1887-8, were explained in the President's report in V. 46, p. 769.
At the election in June, 1888, the Ives pai ty was defeated.
Fiscal year ends March 31. Beport for 1887-88 was in CHRONICLE,
V. 46, p. 769.
1887-88.
1885-86.
1886-87.
Gross receipts
$3,122,141
$3,180,198
$2,856,559
7
l.l'iO.OOO
1 000.000
1,000
1,000
1,000
1883
1883
1883
1883
1883
1883
1869
7
7
789,7.M>
5,681,000
792,000
869.000
2,0iH,000
1,200,000
1,200,100
140,000
1,500.000
3,000,000
560,000
1.800,000
4,003,330
428,850
279,000
1,000
1,000
1866
1871
$131,000
2>7,000
.
\ Jan.,
,
as at
present
'70.
-'
Road
Dec. 3,
was leased for 99
Cincinnati Wabash A Michigan Hallway.— Owns from
Benton Harbor, Mich., to Anderson, Iud., 165 miles: uses C. C. O. A I.
tracks Anderson 10 Indianapolis, 37 miles.
Sold Nov. 5, 1879, and
reorganized April, 1880, bondholders receiving 70 per cent in stock for
bonds and coupons. H. 8. Ives, formerly of Cin. Ham. A Day., had
option to purchase stock till Aug. 2o, 1888, but did not avail himself
of it. Stock, $2,014,159. Grossearnings for 1886, $3*9,139; net over
charges, $98,404. Gross in ls87. $l53.58i; net ovor charges, $101,939.
J. H. Wade, President, Cleveland, Ohio.-(V. 45, p. 341, 538.)
A
Cincinnati Washington
Baltimore.— (See Map of Bait, ct
Ohio.)—Cincinnati, O., to Belpre, O., 193 miles; branches- Marietta to
Belpre, 11 miles; Portsmouth to Hamden, 55 in.; Blanchester to Millsboro, 22 m.; total, 281 m.
SdVEMHER
RAILROAD STOCKS AND BONDS.
I8MLI
41
^.VERNON
-•6l*%.
On
n.nmr,.
Ni*riA
\LOOIlVILLE /^tugi°
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MAP OP THB
Party
N
N
taftn
.
NAtHVILLi
T
Cuml-
^~" CINCINNATI,
INDIANAPOLIS,
8T. LOUIS & CHICAGO
RAILWAY & CONNECTIONS.
*>»
t
*.
L
Uriil
I
"
SUPPLEMENT.
INYESTOES'
49
XLVil
[Vol.
MAP OP TUB
CINCINNATI, JACKSON
AND
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RAILROAD STOCKS AND BONDS.
c
SUPPLEMENT.
INVESTORS'
44
[Vol. XLVII.
Subscribers will confer a great favor br giving Immediate notice of any error discovered In those Tables.
DESCRIPTION.
For explanation of column headings, Ac,
on first page of tables.
•
Cleveland Columbus Cincinnati d Ind.—Stock...
1st mort. Bel. A Ind. (about $21,000 red. yearly)
C. C. O. * I. Blnklng fund
do
Cons. M. (s. f. 1 p.o.) drawu at 100 unless stamp'd
General oonsol. mort., gold (for $12,000,000)....
CUvel. Lor. d Wheel—CI. Tusc. Val. A W. 1st M.. ..
Cleveland d Mahoning Valiey—Stock
c*
1st mortgage, extended
o*
3d mortg. (now 2d)
J.)cAr
Consul, mort. for $3,000,000, (rog. int.
c*
NUes A New Lisbon, 1st mortgage
c*r
Cleveland d Marietta.— 1st mortgage
Oleve. d Pittsb.—Stook. 7 p. ot. guar, by Penn. Co..
.0
4th mortgage (now 1st)
OonsolidaKxl sinking fund mort. for $5,000,000.
Constr'n and equlp'tlno. bds., 8er. "A" X S.f.drn.c
do
Ser. " B" J at lOO.o
do
e'
Olev. 81. L. dKans. Oitu— 1st M. (for $7,000,000).
Colorado Central— 1st M., new, ($15,000 per mile)c
Colorad > Midland— 1st m., gold ($25,000 p. mlle)o*
2d M. (1st M. on Jerome Pi-rk Br., 15 in.), gold c*
o*
3dM. (for $J,OOJ,000), gold
Eq nip bds. ($ iOO.OOO), dr'n at 105 (s.f. in '90) . c*
Columbia d Oreenrille—lut mort., g'ld.ooup. or reg.
Q—
2d mortgage
Columbia dPort Deposit— 1st mortgage
Columbus d Cmn. Slidland— 1st mort
Date
Size, or
of
of
Par
Rate per When Where Payable, and by
Outstanding
Cent.
Payable
Whom.
e
188 6 $50oAc.
100
1886 r.00 *(!.
1887 500 Ao.
100
1887
1,000
100
1864
1,000
1869
1,000
1874
1,000
1884
1,000
1878
1,000
50
1873 500 .fee.
1876 500 <feo.
1888 l.OOO&e
1870 500 Ac.
1887
1,000
50
1862
500
1867
1,000
1873
1.000
1873
1,000
1888
1,000
1879
1,000
1880
1,000
1888
1,000
18s3
1,000
1888
1,000
1881
1,000
1881
1,000
1868
1,000
1884
1.000
37
195
144
195
161
161
738
119
391
391
391
158
125
67
67
125
35
226
199
199
323
252
267
287
164
164
40
71
$1,000,000
4,000,000
260,000
1,215,000
10,694,791
2,000,000
14,991,600
254,000
3,000.000
3,920,000
3,205,000
700,000
2,759,200
654,000
487,900
1,500,000
500,000
600,000
11,247,036
1,101,841
2,054.000
1,589,000
404,000
500,000
4,701,000
6,250.000
1,500,000
2,000,000
303,000
2,000,000
1,000,000
1,882,000
2,000,000
$12,993,200; par $100.
Of the first mortgage bonds, $1,250,000 bear 6 per cent, the balance
bear 4 ^s per cent and are guaranteed by the Bait. A Ohio RR. Co. The
Income bondholders have voting power. Indebtedness to B. & O. RR.
for supplies and coupons paid amounted, Deo. 31, '87, with Interest, to
$1,973,945, and in Aug.,'88, Judgment was confessed in favor of B. A O.
(as reported), for $1,800,000.
For the year ending June 30, '88, a report was given Id V. 47, p. 493.
Report for year ending Dec. 31. 1887, was in Chronicle, V. 46, p. 536
EARNINGS AND EXPENSES.
Earnings from—
1884.
1885.
1886.
1887.
$536,198
$461,412
$533,797
$570,957
1,079,861
1,019,277
1,242,693
1,127,953
Mall, express, Ao
238,249
224,581
233.916
239.094
Total earnings
$1,854,308 $1,705,270 $2,010,100 $3,238,004
Oper. expen. A taxes. 1,408.371
1.615,840
1,464,830
1,462,943
pref.,
$415,937
$240,440
$622,164
$547,463
INCOME ACCOONT.
1885.
1884.
Disbursements
Int.
$445,937
—
on bonded debt.
Otner
$892,072
23,594
int. Ainiscel
$240,140
$547,463
$622,161
$693,275
$693,175
408
$693,583
$146,120
$693,175
$71,011
1.213
$69 1,488
$454,048
Total disburseui'ts .
$720,607
Balance, deficit
$274,730
(V.46, p. 536; V.17,p. 285, 498.)
1887.
1886.
$693,176
—
pal, When
Due.
Stocks— Last
Dividend.
J.
A
6g.
J.
A
A
5
2
J.
7
do
A J.
do
UntUJan.1899
M. A N.
do
do
May 1, 1899
J. & D. N.Y.Drex.M.ACo.A Lon June 1, 1914
J. A J.
N. Y., U. S. Trust Co.
Jan. 1, 1934
A. A O. N.Y.. Union Trust Co.
Oct. 1, 1898
Various
Cleveland, Office.
8ept. 11, 1838
F. A A. N. Y., U. S. Trust Co.
Aug. 1, 1893
M. A S.
do
do
Sept. 15, 1896
J. A J. N.Y.,Winslow,Lan.ACo. Jan. 1, 1938
J. A J. N. Y.. Union Trust Co.
Jan., 1890
F. A A. N. Y„ Metrop. Trust Co.
Aug 1,1937
Q.— M. N. Y., Farm. L. A T. Co. Deo. 1, 1888
J. A J.
do
do
Jan. 1, 1892
M. A N.
do
do
Nov. 1, 1900
do
J. A J.
do
Jan. 1. 1913
do
J. A
do
Jan. 1, 1934
J. A. D. N.Y..F.C. HollinsACo
Dec. 1, 1927
J. A J. N.Y.U.P.Of.AUn.Tr.Co
July 1, 1909
N.Y., Central Tr. Co.
J. & D.
June 1, 1936
F. A A.
New York City.
Feb. 1, 1918
M, A N.
do
do
May 1, 1913
M. A S. N. Y..8. 8. Binds & Co. March, 1898
J. A J. N.Y.,Co.'sOffloe,2Wallst Jan. 1, 1916
do
A. A O.
do
April 1, 1923
F. & A.
Phila.. Penn. RR.
Feb. 1, 1893
J. A J. N.Y., Farm's' L.ATr.Co. Jan. 1, 1914
6
!*
5g
M.
F.
J.
7
7 or 6
g.
6g.
7
2>4
7
g.
7
»g.
7
6
1%
6
7
7
7
5g.
7
6g.
6g.
6
g-
6
g.
J. Phil., Guar. Tr.A S.D.Co
N. Y., J. A. Horsey.
do
J.
do
8.
do
do
Jan. 1.
Feb. 1
Jan. 1,
Mar. 1,
"i" J. Bos. Inter'lTr.Co.AN.Y. July
A A. N. Y., U. 8. Trust Co. Feb.
1,
1,
1927
1887
1926
1927
1917
1883
.1.
6
7
6
The Marietta A Cincinnati Co. was sold In foreclosure Deo. 9, 1882,
and re-organization was made Feb. 7, 1883, under this name. The oom-
mon stock is $5,836,100;
Bonds— Prinol
INTEREST OR DIVIDENDS.
Amount
Road. Bonds Value.
Clearfield d Jeffcrson-lat w.,tfa. by Bell's Gap..o*
Cleveland Akron d Columbus—Stock
1st uiort.. gold, redeemable at pur after 189 J. . .0*
General mortgage, gold (for $1 .800.0001
CUrtland d Canton.—Stook ($7,582,100 Is pref.)
1st mortgage
Miles
INCOME ACCOONT.
1885.
1884.
Receipts—
$
724,493
211.396
Rentals and interest
Miscellaneous
$
1886.
1887.
$
614,225
213,032
1,221,129
263,626
1,442,453
949,694
857,257
1.484.755
1,700,462
602,540
102,633
650.335
79,896
702,810
700,675
1,800
258,004
13,305
Total income ...
Disb urseme nts —
on debt
Miscellaneous
Interest
2,133"
Total disbursem'ts
705,173
739,281
704,943
702,475
* 779,812
244,521
"117,976
"997,987
From the surplus adhere given each year, there was spent foradditioa
to property: In 1385, $177,111; iu 1886. $18-1.418; in 1837, $122,007
-(V. 15, p. 25, 84. 142.437, 572, 743.872, 886; V. 46. p. 320, 399, 410.
413, 537, 738, 827; V. 47, p. 108, 256, 381, 531, 533.)
Cleveland Lorain 6c Wheeling.— Owns from Lorain. O.. to West
Wheeling, O., 158 iniles a id branohes to Bellaire, O., 6 m. Chartered as
Lake Shore A Tuscarawas Valley In 1870 and opened In 1873. Sold
under foreclosure Jan. 26, 1875, and reorganized as Cleveland Tusoarawas Valley A Wheeling. In February, 1833, road sold and reorganized
as Cleveland Loraiu ii Wheeling. Co umon stock is $1, 000,030 and
preferred $1,600,000. There are also $150,00) 1st mort. 6 per oent
bonds (int. J. A J.), due July, 1895 In '87 gross earnings were $1,102,832; net, $38d,0-'l. In 1833 gross earnings, $sl 1.357; net, $237,403;
div. 3 p.o. on pref. sto ik May 1, '87. See annual report ln V. 48, p.
Balan ce surplus
*
676. (V. 46, p. 609, 676.)
Cleveland 6c JTIahonlng Valley.— Owns from Cleveland, O.,
to Sharon, Pa., 31 miles; Niles, O., to New Lisbon, O., and branches,
44 miles; total operated, 125 miles.
new lease was made to the re-
Clearfield 6c JeHeraon.— From Irvoua,Pa. (terminus of Bell's Gap
RR.) to Horutio on' nut R. & P. road, 37 miles. Road o.ieued Jan.,
1888. Stock $1,000,000; par $30. Bonds are guaranteed principal
and Interest by Bell's Gap RR. Co., which operates the road under lease
for 99 years from Oot- 13. 1886.
Cleveland Akron A Columbus Hall way,- Owns from Hudson, O., to Columbus, O., 144 miles, and branch, Ktlbuok to Janesville,
50 miles; total, 195 miles. Default was made July, 1874, by Oleve. Mt.
Vernon A Del. Sold in foreclosure in 1832 to parties representing the
Holland bondholders. The company was reorganized under this title
In Jan., 1886. The 1st mort. bon.ls may be redeemed after 1890, and
of the gen. mort. sufficient were held to retire the firsts Gross earnings
In '86, $542,915; net, $130,532; oharges, $36,828. Gross in '87, $009,530: net, $151,102; surplus over fixed cnarges, $33,901, out of which
paid divldeud (1>« per oent) $80,000. Report for '87 iu V. 46, p. 677.
(V. 45, p. 341, 792 V. 46, p. 677.)
Cleveland & Canton.— Line of road-Cleveland to Coshocton, O.,
115 miles; Canton to 8herrodsville, 43 miles; small branches, 8 miles;
total, 166 miles. The Conuottou Valley Railroad was sold in foreclosure
May 9, 1385, and this oonvpauy was organized with au authorize! oapit il
Of $4,000,000 common and $8,000,000 pref. stook; par $100. The
mortgage of $2,000,000 was issued to change the gauge to standard, Ao.
(See V. 46, p. 228
The full report for year ending June 30, 1883, was
In v. 47, p. 533. The gross earnings for year ending June 30, 188 s,
were, $i85,361; net, $124,675. surplus over iott rest, $39,252. See
full report in V. 47, p. 533. From July 1, 1883, to Sept. 30, 1838
(3 months), gross earnings were $99,481, against $93,321 in 1886-7;
net, $32,434, against $3 1,472. (V. 46, p. 200, 227, 320, 448, 480, 481,
A
organized New York Penn. A Ohio RR. till 1962; the rental Is $502,180
per year. Dividends have been paid at irregular periods, and amount
to 11 or 12 percent per annum. Tlie new bun is (trustee of mortgage,
Central Trust Co.), iu 1883 were for double-tracking between Cleveland
and Youngstown, for additional terminals, and $1,141,003 reserved to
retire prior bonds in 1893 and 1895. -(V. 45, p. 472; V. 46, p. 708; V.
47.
D.
593, 596.)
Cleveland 6c Marietta,— Operated from Marietta, O., to Canal
Dover and bcauoh, 99 miles, and 7 miles, Valley Junction to Canal
Dover, leased. The Ciev. A Marietta was succssor ti the M., Pittsb. A
Cle v., foreclosed in 1877. The road was again foreclosed May 5, 1886,
and reorganized, and $2,000,000 new stook was issued in June, 1887.
In year ending June 30, 1887, gross earnings were $100,617; net,
—
$63,103 surplus over interest and rentals, $3 1.332. Iu 1387-8, gross,
$326,216; uet, $60,761. A. T. Wik iff, Pres't., Cambridge, Oalo. G. H.
Candee, Secretary and Treas., 52 William St., N. Y.
Cleveland 6c Pittsburg.— (See Map Penn. RR.)— Cleveland, O., to
ttoenester, Pa., 121 miles; branohes— Bayard, O., to Now Phila., 31
miles; Yellow Creek to Bollaire, 43 miles leased, Rochester to Pittsburg
(P. Ft. W. A v.), 26 miles; total operated, 225 miles. The property was
leased for 999 years from Deo. 1, 1871, to Penn. RR. Co., and lease transferred to Penn. Co. May 1, 1872. Rental, 7 per cent on existing oapital
and $10,000 per year for company expenses, the lessees assuming all liabilities.
The terms of the lealb were 10 per cent, but the old stook was
subsequently converted into a 7 per oent stock by an increase in am mat.
The siukiug fuuds ln 1387 redeemed $183,003 consols of 1900 au!
Cleveland Columbus Cincinnati A Indianapolis.— Owns $14,000 of series A and B construction and equipment bonds.
from Cleveland, O., to Columbus, O., 138 miles; Gallon, O., to IndianFor the year ending Xoveinier 30, 1337, ttia grjss rdeaiirti were
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles- $3,330,993, an 1 the deficit to lessee after mikiu' all
payments was
total owned, 391 iniles. Leases: Cin. A Spring. Rtt., 80 m.; Leverin^ $27,248, agalust a deficit of $32,3 73 iu 133 i.
Station to Mount Gilead, 2 in.: Ind. A St. Louis RR., Indianapolis to
Louis
Kansas
St.
dc
Cleveland
City.
-Projected
from Altoa,
Terre Haute, 72 m. St. L. Al. A T. H., East St. L. to Terre Haute, 189
miles; Alton branch,! miles; total owned, leased and operated, 738 111., to Si.Liuis, 20 mile i, and to Ktns is City, 275 miles; also fra.n 3t.
L
>iUs, M >., to ab lve St. Jharles, Mo 25 m.; oomolete I from St. diaries
Bules. This was a consolidation in April, 1863, embracing the 0. C. A C.
and the Bellefontaine roads; subsequently leased Clan. A Sprin". RR westward, 10 miles. T.iis is the lentral Miss juri E3. soli lu foreand St. L. Al. A T. H. RR.'s main Hue, and purchased Ind. A 8t. L. RR. closure anl rejrg laized. Trustee of a'jove morogage Is Cent. Tr. (Jo. A
In 1882 tbe Co. acquired control of the Indianap jiis A St. L., and made mo.-tga.co has als been authorized for bridging the Mississippi, etc.
a new lease of the St. Loais Alt. A Terre Haute's m »in line. The siukiug Stookis$l,5>0,000; par $100.
fund provision of consolidated bonds may be canceled at option of
Colorado Central— iSse Mtp of Union Pacific) -Denver to Gellen
holders, and the bonds su stamped.
16 miles Golden tj State line, 103 miles; Denver Junetion to La 3»Ue,
Range ot stock prioessinoe 1832 has been: Iu 1883, 54331 in 1831, 151 miles; aad narrow gauie line from Golden to G«orget>wu. 35
28*09>s; in 1885, 23»6J; iu 1336, 43>9 a75'«; in 1387,
=o., 471»
».-4«o3,
863; miles, and Forks Creek to Central City, 11 miles; leaws line from
In 138-stoSept. 21 inolusive, 4i>aa31i«.
Colorado Junotlou to Wyoming 3Uce line, 9 miles; total operate I. 133
From Jan. 1 to Sept. 30, 188 i (9 mos.), gross earnings (including Cin. miles. It is owned by the Uuiou Pacific, whioh holds $1,697,003 of
* |erln «-.au 1 I'"1: * 8t Lo^' 3 were $5,582, 304, against $5,766,272 in above bonds. The mortgage trustees are Fred. L. Ames aad Jay
a
net, $1,578,507, against $1,930,226; surplus over interest
1887;
Stook,
and Gould. Of the old 8 per oents $37,000 are yet out.
1 7
8 a ,4in8t
1 980 ln 18l
*7; uefloit after additions to $6,230,300. Gross earuin.es iu L8s7. $1,592,974; net, $6 11,953; InJ5£^t
n?. ,'a against^f
property, *
$10,612.
terest, $336,030; dividend (I per cent), $21 1,212; surplus, $19,716.
$11,253.
la J
The animal report for 1887 was la the Chronicle (V. 46, p. 410.).
1336 gross earnings, $1,391,213; net, $111,112; interest, $116,030;
On the C. C A I. 0. proper, the results for four years were as follows surplus, $73,311.
Colorado riidhtud.— C See Map)—O *ns Iron Colorado Springs to
1834.
18*5
1836.
1387.
Earnings—
m
Newcastle, Col., 233 miles; ispen branch. 19 inl-s; Jerome Park
$
$
$
Paeeeager
branch,
15 ml.es; total oompleted 1383, 267 iniles.
899,435
At Colorado
797,679
849,163
991,115
2,518,873 2,471.863
J«>f«M.
2,877,157
3,170 564 Springs connection is made with Denver and Pueblo over the Denver A
Mall, express, Ao.. ..
Santa
Fe
road, whioh has iusc been constructed in the Interest >f tua
182.038
136.36 3
194.165
196.330
Atohlsou Topeka A Santa Fe. The stook Is $3,000,009; par, $100. See
Total gross earn'gs.
3,600.3 16
3,456,407
.i.ii...
;
;
;
)
;
i
,
>
;
;
*
-
,
,
!''
'
'
'
,
:
'
'
I
Oper. exp. A taxes...
N»t earning*
2,875.853
721,493j
2,812,132
614,22 j
.
3,920,490
2,699.361
1,221,129
4.
"
J
2,915,931
1,442,158
a.straot of mortgage lu V. 45. p. 540. Central Trust Oompanv of New
York is trustee of the 1st. 2 1 and 3d m jrtg iges. (V. 45, p. 391, 509,
540; V. 46, p. 289, 677, 738.)
—
November,
1888.
RAILROAD STOCKS AND BONDb.
45
:
SUPPLEMENT.
INVESTORS'
If.
[Vor..
XLVII.
Sntarriben will corner a great faror by giving immediate notice of any errur discovered In Ihene Tables
Bo n<ls— PrinciINTEREST OR DIVIDENDS.
DESCRIPTION.
pal, When Due.
HUM Date Size, or Amount
per
When
Rate
Where
Payable
Piu
ana by Stocks— Last
of
of
For explanation of column headings, Ac see notes
Outstanding
Payable
Cent.
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
~328"
Columbus Hocking Valley <* Toledo—Stook
e*
ConsoL mortgage, gold (for $14,500,000)
Gen. M., g.. on road A Hooking Coal A RR. Co...e
CoL & H. V. 1st M„ (reg. $500,000 by Treas.) o*
C
tol. AH. V. 2d mortgage bonds
121
118
118
o*
& Toledo, 1st M. (Columbus to Toledo)
do
do
2dM.
do
0*
Ohio AW. Va.lstM. (». $15,000)
Columbus Spnnqftetd <* Cincinnati— 1st mort....e
OWmmoim * X«nV-8took J 8% p.o. r'IP. C. A8t. L.:
Col.
85
45
55
55
141
71
47
147
110
37
37
22
80
7
78
105
38
f.
o'jPeun. RR. guar's lease.
1st mortgage
Concord Stock
e
Concord <* Ctaremonf— 1st mortgage
Concord <* Fori*.—Stock, 7 p. o. ren'l. 99 yrs. Conc'd
yrs.B.AL.
ren'l,
5-6pc.
99
Conn. <tPastum.-a took,
1st mortgage
Massawippl st'k, guar, same (11 v. as Conn. A Pass,
bonds, guar, by Conn. A Pass
do
Newport A Rlchford
1st M., guar,
by
AP
C.
Connecticut River—Stock
o
Connecting (Ph.Ua.)— 1st mortgage, endorsed
0*
Corning Covoantsqut <t Antrim— Debentures
gold
per
m.)o
(*12,<>00
<t
Hueon—
1st
«..
Ooriiij/fon
—
—
Cumberland 4 Pennsylvania— lBt mortgage
2d m., sinking fund, (guar.) extended In 1888
Cumberland Valley—Stock ($181,900 is preferred).
o*
1st and 2d mortgages
c*
24
87
33
33
1,000
1,000
500Ao
1.000
liOOO
1,000
1.000
1,000
100
1883
1885
1,000
1,000
1.250,000
1000
l,2ti0,000
1866
1868
1,000
1,000
803,500
300,000
1,777,850
270,500
625,000
600,000
400,000
UXl.OOO
150,000
50
1,000
50
1874
1873
500 Ac.
100
100
100 Ac.
100
1870
1881
1,000
1,000
1864
500Ao.
1870
y
A S.
A N.
A S,
Q.— M.
A S.
M A N,
5
J. A J
7
3ifl
J. A J.
2*8
F. A A.
A. A O.
7
F. A A.
J. A J.
2* J.
A J.
2
Q.—J.
M. A 8.
6
M. A N,
6
Gg. M. A S.
M. A S.
6
6
M. A N.
2
Q.-J.
A. A O.
8
7g. M. A S.
2is
F. A A
7
J. A J.
6
J. A J.
A. A O.
5
"50
'70-'72
100 Ac,
1880
1883
1.00J
100
M.
M.
M.
h
991.000
50
36>a
777,000
Aug. 19, 1885
srii
§*• M. A 8
6g. J. A D,
A. A O.
7
J. A J.
7
F. & A
7
8,000,000
1,378,000
1,401,000
2,500,000
600,000
1,584,000
1,000,000
1.786,200
302,000
1,500.000
500,000
350,000
2,500,000
1,500,000
400,000
400,000
350,000
2,580,000
1860
38
125
52
Southern Pennsylvania, 1st mortgage, gold
<t Nor.—Stook. 5 p. c. gu. 99 yri>. Hous. RR.
1st and 2d mortgages (2d M. due July 1, 1892) .c*
o*
Consolidated mortgage
o*
General mortgage
tyo—
Stock
($15.000,0001
Daylon PL Wayne* Che
Danbury
$100 $11,696,300 133„
1881
1884
1867
1872
1875
1880
1880
1871
324
327
121
N. Y., Chaae Nat. Bank,
do
do
do
do
do
do
do
do
do
do
do
do
Bost.,3 Merchants' Row
o in, bus, O. Treasurer
N. Y., Am. Exch. N. B'k
(
1
1
,
Bost.AManehester.N'.H.
Bost., treasurer's office
Bost.AManehester.N'.H.
Bost.Safe Dep.A Tr.Co.
do
do
do
do
do
do
do
d8
1931
1904
1897
Jan.
1892
Aug., 1905
Sept., 1900
May 10, 1910
Sept, 1, 1901
Sept. 10, 1S98
Sept. 1, 1890
Nov. 1, 1888
Jan. 1, 1894
July, 1888
Aug. 1, 1888
April 1, 1893
Aug. 1. 1888
Jan. 1, 1890
Jan. 1, 1911
Oct. 1, 1888
Sept. 1,
June
Oct.
1,
1,
1.
Boston, Springfield, Ao.
Phila., Penn. RR. Office. 1900-'l-'2-'3-'4
Phila. F. I.T. & S. D. Co. May 1, 1893
N.Y., Green A Bateman. Sept. 1, 1915
N.Y., Cousol.Coal Office March 1, 1891
do
do
Phila. and Carlisle. Pa.
Phila., T. A. Biddle A Co.
May
1891
1.
Oct. 1, 1888
1904
A
1908
Philadelphia.
Mar. 1. 1900
Bridgeport, Hous. RR. Aug. 15, 1889
Co
do
July 1,1890-92
do
do
July 1, 1920
do
do
April 1, 1925
(?)
.
W. P. Term)
Concord.—Owns from Concord, N. H., to Nashua, N. H., 35 miles;
Columbia A Greenville
—The company owns from (Jolumbiato Greenville, 8. C, 143 in.; branches Hookset Branch, 3 miles total owned, 38 miles leases— Concord A
Laurens
RR.,
Portsmouth,
total
Also
owns
47 miles; Manchester A North Weare, 19 miles; Suncook
164 m.
to Abbeville anil Anderson, 21m.;
31 miles; aud leases Blue Ridge RR., 32 in., and Spartanburg Union A Valley, 17 miles; Nashua toton A Boston, 20 miles; total op
Greenville
Col.
road
111
miles.
A
In Aug., 1888, two suits for sums amounting to $1,100,000Col. RR.. 69 m. Total operated, 296 miles. The
was sold in foreclosure April 15, 1880, nnd reorganization was made were instituted against this company by the Manchester A Lawrence
under this name. Preferred stock, $1,000,000 common stoek. $1,000,- aud Manchester A Lowell companies.
Fiscal year ends Maroh 31. Annual report, in V. 46, p. 677.
000; par of shares $100; ceitifloatosof lndebtednessoutstan.itng $161,773 due R. A D. Co., $174,726. Ainajority of the stock was held by the
INCOME ACCOUNT.
Richmond A West Pt. Terminal Co., and in May, '86, the road was leased
1885-86.
1884-85.
1886-87.
1887-38.
to the Rich. ADanv.RR.Co. From Oct. 1. 1887, toSept.SO, 18t8(12mos.),
gross earns., $621,074, against *559,168 in 1880-7 net, $217,940, agt. Gross earnings
$1,100,864 $1,071,963 $1,163,847 $1,15 ;. 116
$129,423. In year ending Sept. 30, 1887, gross earnings on all lines
$452,573
$106,379
$479,475
$30.:, 804
were $.*>59,468; net, $102,264; interest and rentals, $242,176; deficit Net earnings
Disbursemetils—
$139,012. In 1885-6, gross earnings, $6S5,e31 net, $211,833; interest
and rentals. $251,418; def. $36.58o. (V. 46, p. 699.)
Rentals
$113,319
$112,532
$113,005
$39,700
Columbia Port Deposit.—Owns from Columbia, Pa., to Port Taxes on stock
37.755
36.872
37,359
39.1G8
Deposit.Md.. and branch, 44 miles. Operated by Pennsylvania RR. Co. as Improvements, Ao
104,091
152,314
178,074
132,910
150,000
agent, but airangement may bo terminated on three mouths' notice by Dividends, lOpercent.
150,000
150,000
150,000
either party. Rental, net earnings. Rental in 1887, $61,618; deficit
Total disbursem'ts. $405,165
under charges, $70,103; in 1886. leutal, $S1,107; deficit under charges,
$451,718
$478,438
$361,778
$17,782. Capital stock, $497,100, par $30; funded debt, $1,882,000, Surplus
$1,214
$855
$1,037
$1,028
and floating debt (coupons) $1,001,290 in 1886.
-(V. 46, p. 677.)
Cincinnati Midland. Line of road, Columbus
Columbus
Concord
Claremont.— Owns from Concord to Clarouont.
O., to Clinton Val„ O., 71 ni. Opened In Nov., '84. Stook, $2,000,000.
The company has a 50-years traffic agreement with the Baltimore A N. H v 56 miles; branch. Contoocookville to Hillsborough, N. H.,
miles;
leased—
15
Peterboro A HiLUhoro RR., 18 miles; total operated,
Ohio andCiti. W. A Bait, companies. Gross earnings in 1886, $320,259.
net, $112,795. In 1887, gross, $340,121; net, $123,666; def. under 89 miles. Capital stook. $412,100. The lease to the Boston A Lowell
RE.
having
been
held
invalid, this road was operated indepenl n'ly
noted chaiges, $11,331. Orland Smith, Pres., Cincinnati, Ohio.
Nov. 1, 1887, when the Boston A Maine began to operate it under
Toledo.—Owns mala Une until
Columbus Hocking Valley
contract with Northern RR. (V. 45, p. 26).
from Toledo to Pomeroy, 256 miles; brauches Logan to Athens, 26
Concord
Portsmouth,-Owns from Portsmouth, N if., to
Logan to New Straitsville, 13; Monday Creek Junction to Nelsonville,
Manchester, N. H., 40*2 miles, and branch to Suncook, 7 miles. The road
17; others, 13; total, 325.
sold
mortgage
was
to
flrst
bondholders in 1857, aud leased to Concord
This was a consolidation in July, 1881, of the Columbus A HockStock was increased from $3."0,(io0 to
ing Valley, Columbus A Toledo, and Ohio A West Virginia. Of the RR. in 1862 for 99 years.
$>00.000
in
Ootober,
1838.
Lease rental is $25,000 a year, wbji-h gives
consolidated mortgage $6,500,000 was reserved to meet the prior
V. 17, p.
liens; tho "Hocking Coal A RR." joined in making these bonds. The 7 per cent a year to present stockholders. There is no debt.
Central Trust Co. cf Now York Is trustee. The general mortgage of 1834 531.
covers the road, and is also a mortgage on the coal property of the
Connecticut
Passumpsic—
Owns from White River Junction,
"Hocking Coal A RR. Co.," whose stock is owned by the C. H. A T. The Vt, to Canada Line, 110 miles; leased, Massawippl Valley and tiranob
divisional bonds originally hsd sinking funds, but upon issue of consol.
(Canada), 37 miles; ^>tal operated, 147 miles. The lease of Massawippl
uiort. of 1881 sinking fund paynnnts were discontinued.
Railroad is at 6 per cent ou bonds and same dividends as are paid on
A combination was made in 1885 with the reorganized Ohio Central the stock of the lessee. From January 1, 1837, this road
toi leased
by whioh the company went under one management, as per the circu- to the Boston A Lowell for 99 years on a basis to pay C. A P.
lar in V. 40, p. 597, aud the C. A H. V. guarantees the interest on the stoek 5 per cent per annum for ten years and 6 percent thereafter.
mortgage
bonds.
T. A O. C. 1st
In Oot„ 1887, the B. A L., carrying this road, was leased to Boston A
In Sept., 1888, the suit by this Company to recover $8,000,030 for Maine.
bonds allege d to have been misappropriated by former directors was
Connecticut River.—Owns from Springfield, Mass., to South Verdecided against the company. In the Chronicle, V. 47, p. 530, was a
report of earnings for year ending June 30, 1888, with full income non, Vt., 50 miles; branches, 6 miles; Ashuelot RR., South Vernon,
Vt.,
to Keene, N. H., 24 miles; total operated, 80 miles. In year ending
account, showing small surplus over charges.
Range of stock prices since 1884 has been in 1885, 18®13 in 1886 Sept. 30, 1887, gross earnings were $939,742 net income over rental's
and
interest, $219,599; in 1887-88, gross, $987,437; net income,
26V<u45is; In llr87, 15®39Si; in 1888, to Nov. 16, inclusive, 17S36»4
V.
Annual report for 1887 in V. 46, p. 351 income tor four years was as $197,019. Pays regular dividends on stock. (V. 45, p. 572, 791
p. 510.)
(S. C.)— (See
Map
of Rich.
<t
;
;
;
;
;
;
A
A
A
A
—
A
A
;
:
;
;
;
46,
follows
Connecting (Philadelphia).— Owns from Mantua Junotion to
Frankford Jutiction, Pa., 7 miles. A connecting link In Philadelphia to the West and South. Leased to Phil. A Trentoa for 999 years,
$
$
and with that road operated by Pennsylvania Railroad. Rental $139,1,842,473
2,311,003
2,361,403
2,595,583 993, which pays 6 per cent on $1,278,300 capital stock (par $30)
601,819
977,306
966,169
993,081 and interest on $991,000 funded debt. The bonds are issued in series
11,841
and D, maturing respectively in 1900-'l, '2, '3 and^4. Penn. RR.
38,485
owns $1,277,700 stook.
Total receipts ..
601,819
977,306
978,010
1,032,169
Corning Cowanesque A Antrim.—Owns from Corning. N. Y.,
Disbursementsto Antrim, Pa., 53 miles; branch, Lawreneeville to Harrison Valley,
lot, on bda. A oar tr.
866,060
881,564
910,925
979,557 Pa., 32; total operated, 85 miles.
Consolidation (January, 1873)
Int. on lloat'g debt..
66,814
61,580
42,832
18,629 of the Blossburg & Corning RR. aud the Wellsboro RR. June 1, 1874,
Int. to Pa.RR.on l'se
22,277
22,902
22,581
21,048 the Cowanesque Valley RR. was absorbed. These lines are leased to and
Miscellaneous
1,490
18,750
operated by the Fall Brook Coal Co., together with 7 miles owned.
Rental $150,000, equal to 6 per cent on common stock and 12
Tot. disburne'ts.
945,151
970,542
1,031,038
1,022,234 per cent on preferred stoek; dividends paid quarterly, March 31, Ac.
Balance
def.343,332
sur. 6,764
def. 53,078
sur. 9,935 Stock— com., $1,500,000, and prof., $500,000; par $50. The coal line of
45. p. 292, 866
V. 46, p. 74, 102, 351.677; V. 47, p. 50, 200, 353, Phila. A Reading and N. Y. Central is over the road of tola oompany.
-(J.
whioh jointly guarantee the bonds of the Pine Creek Railroad
410, 530.)
Company. Earnings in 1885-86, $614,633; net, 8202.208 rental
Columbus Sprlugfleld
Cincinnati.— Owns from Columbus. paid C. C. A A. P.R., $150,000; surplus to lessee, $32,203. Earnings in
Ohio, to spriugiieid, uiilo, 14 miles. Lease to Indiana Bloomlugton
& 1886-87, $051,307; net, $174,373; rental paid C. 0. A A,$150,u00;
Western terminated M
-88, and road has since been been surplus to lessee, $21,376. George J. Magee. Prest., Watkins, N. Y.
rmted
0,>
n B Sauuusky A Cleveland. Capital -tuck, $1,000,Covington
J£
lr7«
?S} P*
Macon,-Owns from Maoon. Ga., to Athens, Qa.,
000, par $50. Dividual of 5 per cent was paid Aug. 6, 1888, out
105 miles. Boids are issued at the rate of $12,000 p.r mill and
Judgment against luliana Bloomlngton A Western. (V. 47, p. 108.) of capital
stook fl'AtiOO pur mile. Douglass Green, 78 Broadway, N. Y.
Columbus A Xcnla. -Owns from Columbus, Oldo, to Xenla, Ohio City, isPros-t.-(V. 40, p. 173.)
t
,
1
"" ,! ""' lul Miami, and is leased
Cumberland
Pennsylvania. -Owns from Cumberland, Md.,
E?r »Q°J'..Jlf2£T K2? ¥LA 1 ll c " lll
" ,l,, » road with tint to the Pltts- to Piedmont, Md., and several branches, 55 miles. It Is ownel and
.-i. .•r»2Cr
*i.2?V
8 per cent on stock and pro- operated by Consolidation Goal Co., whioh guarantees second moi-tgage.
Ttsssi res in, i.i.ii.i-.
ti„. (ease is guaranteed uj the
Pennsylvania
Cumberland Valley.—Owns from narrisbur^, Pa., to
Railroad Company, whioh owns $305,100 slock.
luau
The Oolumblw A Liver, Md., 82 miles; leases— Martiusburg
& Potomac RR., 12 idles:
'''"' dividend per annum; 2i per cent
March 10 DdlsburgA Mecnaniosburg RR., 8 miles; Southern Pennsylvania
r
iTTLW,,
'.t'
RR.
p.. in ;n d 2 pi r. out June 10 and Dec. 10.
23 miles; controlled, Mont Alto RR., 13 miles, but acciotnits kepi sepINCOME ACCOUNT.
Receipts—
Gross earnings
Net earnings
Miscellaneous
1884.
1885.
9
9
1886.
18s7.
ABC
;
;
A
A
f*
i
.
'
,
1
A
<-
'
!1
.
I
,
NOTBMBKK,
1888. J
RAILROAD STOCKS AND BONDS.
4r
—
SUPPLEMENT.
INVESTORS'
18
For
.
.
[Vol. XLV1I.
Snbacrlbera will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
DESCRIPTION.
When Due
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,
Stocks— Last
Par
of
of
notes
see
explanation of column hciwllngs, Ac.,
Outstanding
on
first
page of
Band. Bonds.
tables.
%
guar.C. H. AD.)
<* JHe»,-Oom. stook (3>s
Preferred stock, (8 percent, «uar. C. H. A D.) ..
Oonsol. mort., guar, prlno'l A Int. by C. H. A D. .0
Dayton
\
Toledo Depot 2d mortgage
Dayton d Union— 1st M., fluking fund (not drawn)
"••
Income mortgago bonds
Davton 4 Western— iBt M., guar. L. M. and C. A X.o
JS3oWs-8tock-6
p. 0. guar,
till
'98, P.
Mortgage bonds, oouvertible, guar.
DtL d Sound Br.-8tock—8 % gu.
P.
Phlla.
(
W. A B
A Bo
A Read.
W.
2d mort. on main liner
Western—Stook
1st uiort. ou Trenton Br.,
Delaware Lackawanna <*
Oonsol. mort., on roadsAequlpni't, ($10,000,000)
Plain bonds (not mortgage) convertible
Del. Maryland & Fa.— June. A B'kwater— 1st mort
o
Juno A Breakwater, 2d mortgage
A
Breakwater
Frankford, 1st mort ., to State
o*
Worcester Railroad, 1st mortgage
Denver a Kin urande—Stock ($45,500,000)
Pref. stook, 5 per ct.. non-cum. ($28,000,000) ....
0"
1st mort., gold, sinking fund
.0' Ar
Oonsol. mortgage, gold (for $2 ,000,000)
Improvement mortgage ($5,000per mile) g..o Ar
Deiir.it R.0r. West.— 1st, g. ($16,000 p.m.),cp.or reg
Coup, certs, (see V. 41, p. 273) pa> able s will....
Denver 8outh Park 4 Pac—lnt M. gold, sinking fd.
Consol. mort. gold ($17,000 per mile)
Denr Tex. * Ft. Worth— 1st M. ($20,000 per lnileho *
rows d QulT— 1st M. ($20,000 p. m.). ..cAr
. . .
•
.
141
141
142
32
37
100
85
$50
50
1871
1881
1864
1S7K
1879
1864
1875
1,000
1,000
1,000
1,000
25
500 Ac.
31
27
4
886
288
44
44
19
35
....
1875
1879
50
1877
1872
1860
1879
1873
1876
1,000
1,000
500*0
100
100
1,462
1,462
295
1.468
1.468
370
150
225
138
Cent.
Value
23,650,04
2
5
6
Whom.
Dividend.
A O. N. Y„ Winslow, L, A Co Oct., 1888
do
do
Oct., 1888
do
do
A J.
Jan. 1, 1911
March 1, 1894
M. A S.
do
do
7
Dec. 1, 1900
7
J. A D. N.Y., Am.Exch.Nat.Bk
After 1910
J. A D.
6
A7 J. A J. N.Y., Bank of America. Jan. 1, 1905
Dover. Co.'s Office.
July, 1888
3
J.
J.
6
J. A J. Phil., Fid. I.T.A.S.D. Co. July 1, 1895
2
Q.-F. Phila.,240 8o. Third St. Nov. 15, 1888
F. A A. Phila..Guar.T.A S.D.Co.
May, 1905
7
M. A N.
Philadelphia.
May I, 1899
6
1*4
Q.-J. N. Y., 26 Exchange PL Oct. 20, 1888
M. A S.
do
Sept. 1, 1907
7
do
do
June 1, 1892
7
J. A D.
do
4
J. A J. Phlla.. 233 So.FourthSt
1890
F. A A
4
do
do
1899
4
J. A J.
do
do
1898
4
A. A O.
do
do
x'JG
Office, 47 Wm. St., N.Y. Nov. 12, 1888
"i*
7g. M. A N. N. Y., 4th National rik. Nov. 1, 1900
do
do
Jan. 1, 1936
4g. J. A J.
do
do
June 1, 1928
J. A D.
M. A S. N. Y., 4th National Bk Sept. 1, 1911
g* M. A S.
do
do
Sept. 1, 1895
M. A N. N.Y., LondonA Frankf't May 1, 1905
7
6 e. J. A J. N. Y.,\Viuslow, L. A Co, Jan. 1, 1921
M. A N. N. Y.. Mercantile Tr.Co, Nov. 1, 1937
5
April 1, 1937
5g. A. A O. N. Y. Co.'s Agency.
1*4
$2,403,171
1,211,250
2,675.000
53,000
224,000
172,000
495.000
1,553,714
642,000
1,742,000
1,500.000
242,000
26,200,000
3.074,000
600,000
400,000
250,000
200,000
400.000
38,000,000
Payable
A.
Q.-J.
J.
<fc
1
'0
6,382,500
1870 500.se.
1886 500&0 25,521.000
500
3,000,000
1883
1881
1,000
6,900,000
1885
(1)
1876
1,000
1,800,000
1880
1.000
2,925,000
1.000
1887
(«)
1887 l.OOOAc
3,000,000
EARNINGS AND EXPENSES.
arate ; total controlled and operated, 143 miles. Owns or leases sev1885.
1836.
1884.
1887.
eral factory roads, in all about 43 miles. Of the stock, $975,800 common and $237,200 prelerred Is owned by Penn. RR. Co. Large advances
sources..
31,311,992
31,091,677
32,342,865
39.84S.857
Gioss rec'ts all
have been made to branch roads.
-.-.
In 1886 gross earnings on the main line were $733,708; net, $185.- Operating expenses.... 23,008,147 23,22(1.572 24,954,413 30,694.000
385,033
443,182
164,029
085: inl887 gross earnings, $774,476; net, $187,051; surplus over fixed Betterments, equip., Ac.
810,061
charges, $165,411; dividends (8 per cent), $142,228.
23,393,180 23.663,754 25,118,462 31.504,061
Total expenses
Norwalk.—Owns from Danbury, Conn., to Wilson
Danbury
"
1
7,918,812 7,427,923 7,224,103 8,341,796
Net receipts
it. South Norwalk, Conn., 26 s miles; branches to Ridgefleld and
INCOME ACCOUNT.
Hawieyville, together 10 miles; total operated, 36>s miles. In July,
1884.
1885.
1886.
1887.
1886, a lease of this road was made to the Housatonic for 99 years, the
7,918,813 7,427.923 7,224.403 8,341,796
Net receipts
lessee to pay interest and 5 per cent per annum on stock.
5,113,322 5,187,089 5,186,711 5,203.419
Chicago.— Road from Dayton.O.,to Iron' IntereBtand rentals
Dayton Fort
ton, 162 miles (the former Dayton * Ironton road); Dayton, O., to Del"
2,805,490 2,210,834 2,037.692 3,138.377
Balance, surplus
Ehos, 96 miles total, 258 miles, and projected 43 miles from tneu ain Dividends
2,69«,000 1,965,000 1,834,000 1,834,000
ne to Fort Wayne. This company was formed in June. 1887, by con Rate of dividends
8
7
7H
7
Stock
soliilat inn of the Union A Ironton and the Dayton A Chicago.
authorized. $15,000,000. Iu March, 1888, R. D. Marshall was ap709,490
275,834
203.692 1,304,377
after dividends.
pointed receiver, and receiver's certificates for $369,668 issued. E. Balance
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
Zimmerman, President, Cincinnati.- (V. 45, p. 13, 53, 768 V. 46. p.
1885.
1884.
1886.
1887.
Assets—
102,320,371,448,738.)
RR..buililings,equipm'nt,
$
$
$
$
Dayton Michigan.— Owns Dayton, O., to Toledo, O., 141 in., and
34,250,418 34,508,047 34,496,431 34.1 69.226
coal lands, Ac
Leased May 1, 1863, inperpetuity to Stks and bds.own'd, cost. 5,449,713 5.374,918 4.770,654 5,735,779
leases Deshler to Findlay, 11m.
the Cin. Ham. A Dayton. Lease amended Jan. 23, 1870. The rental is Net cash and cur. acc'ts.
*527,121
-357,562
*697,331 '1,037,985
the interest and sinking fund of debt, and 8 per cent on preferred stook Materials, fuel. Ac
941,372 1,221,174 1,246.976
1,049,712
and 3>sper cent on $2,128,600 common. Of the common stock only
2,128.600 ie Kuarantecd 3>s by C. H. A D. Profit to lessee in 1883-84,
41,276,565 41,181,899 41,385.590 42689,966
Total
t 161,990; 1884-85. $196,387; 1885-6, $215,219; 1886-7, $276,562;
Liabilities
Due lessees for advances, March 31, '88, Stock
$363,933.
in 1887-8,
26,200,000 26,200.000 26,200.000 26.200,000
4,044,900 3,674,000 3,1.74,000 3.674.000
57 1 4,475. The lessees held $1,399,273 of the common stock, but sold it Fundeodebt
i June, 1887.
11,032,065 11,307,899 11,511,590 12,815,966
Surplus acoount
Union.— Owns from Dodson, Ohio, to Union Cliy, Ind.>
Dayton
41,276,965 41,181,899 41,385,590 42,689,966
Total liabilities
82 miles; leases Dayton to Dodson, 15 miles; total opeiated, 47 miles.
The Greenville A Miami RR. was sold out Oct. 30, 1862, mil re-organ,
* Net balance between liabilities and assets.
now
Jan.
Operated
by
trustees
since
lzed as
19, 1863.
December 23 -(V. 45, p. 212, 643: V. 46, p. 133, 201, 253, 610; V. 47, p. 161, 594.)
1871. Capital stock, $86,300; par, $50. In year ending Oct. 31, 1867
Virginia.— Road extends from HarringDelaware Maryland
gross earnings were $174,493; net, $76,898; surplus over charges, ton to Rehoboth. Del., 44 miles; Georgetown to Franklin City, Va., 54
$48,259.
miles.
In
July,
1885, the oompany passed Into control
98
total,
Dayton
Western.— Owns from Dayton, O., to State Line, Ind., miles
of the Phiia. Wil. A Bait. RR. and became part of the Penna. RR.
37 miles, and leases 4 miles to* Richmond, Ind. Leased in perpetuity system. In year tnd'ng Oct. 31, 1887. gross eamirgs were $168,253;
from Jan. 1, 1865, to Little Miami, and carried with that road in the net, $10,850; de-flci' nndir interest. $38,853.
general lease to the P. C. A St. L. The lessees are virtual owners and are
Bio Grande (3 feet.).— (*'ee lfo»)-Owns from Denver
Denver
answerable for all obligations. Of above bonds $32,000 are 7a.
City, Colorado, via Pueblo, Salida, Gunnison, Montrose and Grand
Delaware.— Owns from Delaware Junction (P. W. A B.), Del., to Junction, to the western boundary of Colorado, where it connect*
Delmar (Md. Line), 84 miles; branches, 16 miles: total operated. 100 with the Denver A Eio Grande Western, to 6alt Lake City and Ogden,
miles. The Dorchester A Delaware and Queen Anne A K. railroads making the distance from Denver to Ogden 771 miles, and from Pueblo
now operated by P. W. A B. RR. The Delaware Railroad was opened to Ogden 651 miles. BrancheBiun to Ltadville, Dillon, Bed Cliff, Crested
1855-60, and is leased for 21 years from 1876 to the P. W. A B. Butte. Silver Cliff, Chaffee, Aspen.Ouray and Hot Springs; also from Pueb
Co. ; rental 30 per cent of gross earnings, but stock must have 6 per lo to Silverton, via Cuchara, Alamosa and Durango, with branches to El
cent. In year ending Oct. 31, 1866, gross earnings were $671,738; net, Moro. Espanola, Del Norte and Wagon Wheel Gap; total Jan., 1888,
201 ,522; interest and dividends, $130,734; surplus, $70,547. In 1886- 1,462 miles. Small branches since completed. The standard gauge and
S7, gross, $736,0r5; net (30 per cent gross earnings as per agreement), road with third rail will soon exceed 500 miles.
{220.817; lnt*ie»t and dividends, $131,550; surplus. $89,267, of which
The former D. A R. G. Bailirai/ was foreclosed under the < Id consoli$63,748 was repaid to lestee as per lease. SiLking fund Oct. 31, 1887, dated mortgage, July 12, 1866, and sold for $15,000,000. Beorganizaamounted to $41,310.
tion was made under the title of Denver A Rio Grande Railroad Co.
Of the $42,000,000 consol. gold bds. (U 8 Tr. Co., trustee) authorized,
Delaware
Brook.— Owns from Bound Brcok (Centof New Jersey) to Delaware River, 27 nilles; branch, main line to $6,382,500 were reserved to retire the old.bonds when due and $6,900,
Trenton, 4 miles; total operated, 31 miles. In connection with Central 000 retained for acquiring the Denver A Elo Grande Western or to
of New Jersey and Noith Pennsylvania loinis a line totwt<n New extend the Denver A Rio Grande to Ocden. Of the $45, 500,( 00 comYork and Philadelphia. In May, 1879, the rropeity was leafed for mon stock, $7,500,000 to be held to acquire the Denver A Eio Grunde
890 years to the Philadelphia A Reading Railroad Company— the lessee Weste rn, or to build the line to Ogden, and $4,350000 of pref. stock relaying interest and 8 per cent on stock after May, 1883. Gioss earnings served for the same purpose. The piefeired stockholders nave the right
f
n 1887, $764,566; net, $407,159; surplus to Jessie, $149,2:9. In 1886, till 1891 to elect two-thiids of the directors, unless dividends are paid
»T06S, $786,110 net,*S97,829; lental $257,880; net profit to lessee, out of net earnings for iwo full years on the preferred stock, after which
the directors shall be chosen by all the stockholders. Dividends on
pref< ire d stock have been Inl887, 2i<> per cent; in 1888, Hj per cent
v craw are
(feeJferp).- This ecmpi ny
t stem.
in sciip, tubseejuently redeemed in -ish. See abstract
cash aid
operates under lease mi ixtn.ded sjstmiuf toads in Ntw 1'oik, Penn- in
moit^agein Cime Mi 11, v. -,7,p .228.
?rlvanla and Ntw Jersey. Owns lint Delaware Elver (N. J. line) to New' of consolidated
1688,
the improvement noitpage for $5,000 per milewai
In
June,
ork giate line. 115 miles; brand ee- Sri anton to Northumberland,
for laying third rail and other improvements; tinstee, U. B
80 miles; Greenville to W into n, Pa., 8 miles: toStoirs, 3 miles; Junction issued
(See mertgage abstract In Chronicle, V. 47, p. 229.)
Tiust
Co.
to Kijsrr Valley, Pa., 5 miles; leased lines in Niw York— N. Y. Lack. A
The range if stock prices since reoiganizaticn has been: Common in
WeMein BB., 214 miles; Cavuga A Susquehanna BE., 34 miles;
to Nov. 16,
Cieene BE. 8 niles; Osvieco A Syracuse EalJioad, 35 miles; Utiea 1886, 14%«35% (ass. paid); In 1887, 20V8323j: in 1688,
158)23.
Preferred in 1866, 53%a(j3''e; in 1887, 62 78»t838; in 1888
Chenango & tuiquebanna valley BE., 97 miles; Valley BE., 12 miles;
inch,
toNov.
16,
44«55%.
a
£
conticlled mil op orated- f-yiaiuee Binghamton A Niw Yoik, 81 miles;
Ihe flist annual report of the present companylwas in the ChroniclB
leased lilts in Sew Jeisej-(
sti
I.E., 10 miles; Mori is A Essex, 118
miles; Nenaik A Bkemneld, 4 nilles; Wain n BE., 18 miles; Sussex, 30 V. 46, pp.572 and 574), giving full accounts '.of the operations and
statustoDec. 31, 1867.
t
t
niles; Tsssaic A Eel., 14 ; total operated, 866 miles.
From Jan. 1 to Sept. 30,1868 (9 months), gross earnings were $5,653,The I. eh,* are Iaikavianna A Western foimerly paid 10 per cent on Its
Mock, but in tl.e dull times 1876 to 1680 no dividends were paid; in 663, a«ainst$5,721,292in 1887; net, $1,830,384, against $2,347,048.W
Earnings, expenses, Ac, for four years were as follows:
3r«rc<iil wbb i«ia: in 1881. 6%; in 1862, 1683, i nd 1884,8;
in
•"••"
JI5.9
"
1884.
1885.
1886.
1887
188.\7Vlrim 1866 to 1688 Inclusive, 7.
1,317
1,317
1,317
1,462^
p "<i»of»toili yearly since 1670 have been: 1671, 102®lllis; 1872, Miles oper. Dec. 31 .
„,
'.$
$W."
$
W1 '.2.?*: l»"3.'8k*106; 1874.
99«112«b; 1675, 106V3123; 1876 Total fToss earnings.. 5,552,103
•i? 12l
6,738,077
7,983,41
6,U9,054fc
,
,S( '.>'8
167S.41*61'
4S«94
1679.
e
1860,
;
66H> Operating expenses
£V??,
,5'c,\ $lI
3.758,53
4.247,417
4,742,048
3,935,273
1 10H
1 881 ' 3 °'*131
1662, U6X4«loC4«: 1868.111>i«131
1884
?,
.
.
6C*«13S>t;
,1 i.!,'!,
111
1
ie6S,8S;iil a n8Ss;inl68»'.116®144i in 16S7,
;
1,793.573
3,141,370
2,183,761 12,510,160
l'231-o' Net earnings
"•-«»
i}J
l in
u 1686
.i '.to Nov.
1S9V:
16. incl., 128>t»145i8.
Other receipts
34,40 1
;
67,22 7 _
46.740 ^ 41,997
The i»pirt foi 1867 was In Ibjokicie, V. 46, p. 253.
Xotalinctne
1,617,974
2,251,007 H ~W,
15
i, 161,(37
*
Wayne A
;
;
A
—
A
A
A
;
A
A Bound
;
luiinniiiiV
1
1
W
m
—
:
i
«C
"
:
;
:
.
„^
V
KOTOtuii,
EAILROAD STOCKS AND BONDS.
1888.]
49
Divide
-SV/A
DENVER
Georgetown
|FHISCO
Hor*"
j»
BRECK£NR10GE
Be**""*'
V
B -EK
.V
Elikwooo
B«il*r?"«r
\„Y/d$S
9?™°
""Wit:
•
W*»'*//
%^'
-{.•rpboro
,ee<|iAu.
«J«l"taie»u
\.
CVsualeTtoe*
^BDoualu
n Duude
1
L
ASPEnI
R
#
*
o
*
J^**'"*? /^
fa* -»V* *'a*
*
jsrkj? :
1
HANITOU.tt
^
*^*
bV
T u
/COLORADO,
SPRINGS J_
1
'V^t^
is
k
««»«»«
•jo
O^
li» aa.
JS*
WEST CUFF
.
AKE CITY
•P'
Mk
^^
41tCr
,
ULVIRTONj
1
*»''O
n***
^^
•
CUntl
lOtltrllle,
•
AS
Kirer
Looi*rr'-
II
Sea Lull
Chi
MOk
TRINIDAD,
EL
^|AMTOftiry»
n oBr&imiiiA
I'eJmUto V/
V*/
2*
-
Coal Milei
aV
"AT"
» Am»rill»
0Jo<
w
M
LoiV.
(.rill
pLAmr
i
Vlrael
f
fblTaju
y.
MAP OF THE
DENVER & RIO GRANDE
RAILROAD
-^
•
Joy*
bcorro
so
INVESTORS*
SUPPLEMENT.
[Vol.
XLVII
November,
oa
7
:
1
)
:
RAILROAD STOCKS AND BONDS.
1868.]
"Subscribers will confer a great
31
by glrlu:i Immediate notice of any error discovered In these Table*.
Bond*— Princl
INTEREST OR DIVIDENDS.
When Due.
Mile* Date MZ.-.nr
Amount Kate |kt When Where Parable, and by pal,
Of......
T «_•
l'.ir
hror
DESCRIPTION"
|
explanation of column headings,
r
on lint page of
ate.,
see notes
Da* Mouse* *> FL Dodge- l»t mort coup., guar ....
1st uiortgagc, Ineom*. guaranteed by C. R. I. A P.
M on gage on extension guaranteed by c. R. I. A P.
0"
Detroit Si ¥ Clival .11, -lit miirt.. gold
Jrtrort Ormnd gasea atMif— 1st equiii. m..iruax ..<••
c*
ConsoL mort.. guar, by Grand Truuk «t Can
DH. BiUmtaU a? 8. W.-8tock. 4 •» rental. L S.A M>.
Ottrml bunting 4 .VorlA —Stock. nommou
.
.
dividend was passed).
Preferred ateck
e'
Cou»ol. mortgage Hat mott. on lri3 niiles)
Ionia 4 La
c*
Saginaw A West, mort. endorsed
1st M Or. R. L. « D.. 1st mort.. rnaraateed. ..e*
Dmbuque* 3totu Oiip-Btock for (8.000,000
.
.
mortgage, td drVtston
1st
Ihtiutk J Iron
c*r
Range— 1st mortgage
Dululh #mlk Short *
of
88
88
56
-is
187*
1874
l-:>
ls:i
1878
1171
LO00
878408
1.000
1.000
2,500.000
2.000.000
3.200.000
1.350.000
200*0.
100
100
100
MO aM
J.'.H
•j.;-
1-77
1888
1881
770400
B88400
l.'HHI
1, 058,000
100
1864 500*0.
1887 1,000*0
10O
Atla..
3d mortgage
100
1.0 o
90
90
90
30
36
36
e
tost Brt»id Top.— let mortgage
M;« /-m.i.v'rox'0 teak. 6 »«a.89w yn^Fhuwl
—
mortgage
Tswmass* tirainin
•Tear 1st
si
Osorgfa Common
r
I:
('
ii
„•
Old
m
1st
•'.
....
:
.!
si
.1
e.|il|.
m
.ft.
a
,
ISM.
9
fatal
8
8
i. 0884*11
307,542
572464
1,198,625
1,678,643
14*8.775
1,713.317
1.570.032
ate.
m
1
m
—
SB
HHttrs
LV53
.
M
.
mb
but
ll
1037
1900
1900
1900
1903
Julv
July, 1888
Mar. 1, 1958
AN
c
5
*
*
5g.
7
g.
*
be.
8
Jan.
Oct.
Oct.
Phlladelp'a, Co. "a Office.
rinla., P. A B. KK.
RR.
Phlla.,
PAR.
Dec. 10, 1888
10 Wall Street.
Chase Nat. Bank,
do
do
do
do
do
do
do
do
Nov.
July
July
Y.,
.
J
J.
I>.
B.
1937
1.
1,
1,
1.
1,
June
dn
do
do
do
1,
t
1,
1,
1,
'
.
9-pt. 1.
1956
1930
1900
1937
1938
snt anrtaed Is 82.000,000, Issued 81 .670.000; par. 8100. A
4 per cent wss paid Jan. 3. ls^S.st the oflloe of H. B. HolK.Y. From Jan. 1 to Sept. 30 (9 mos. In 189c grws earns, were
*35d,634. agdnst 83-:«.372 In
17, ngainht 8167,764. la
as earnlnga were 84S9.270; net. 8205,430; aurpliu over charges,
888460: dividend* (4 X) •66.800.-(V. 4.5, p. 83; V.40, p. 74. 75. 199 I
11ns
A
ot
t'o
I
.
Detroit I. rand Haven 4c Milwaukee.—Owns from Detroit,
to Gruml Haven, Mich.. 189 miles. This is a reorganisation of
A Milwaukee which was sold In foreclosure Sept., 1878.
The bonds were guaranteed bv the Oreat Western of Canada. Stock
the Detroit
par 850. Prom Jan. 1 to Sept. :to, 18s* (9 ino-.). groan
i-'. Mlii 1887: net. 839.511, against
Uroaa earnings In 1886. 81. 341.033; net. 8372,773. In 1887,
net, 8323,771; surplus over fixed charges, 674.
gro«a, 91,1 '.4,311
ai.50P.ooO-.
e rnl
814,796.
1;
A
Southwestern. -Owns from Ypsllantt,
Hillsdale
In.l. road was sold
o Bankers. Mich., 65 miles. The Dei. U.
In foreclosure Dec. 28, 1874, and this company organised by the bondMich.
heXekc Shore
In Aug 1881. leased In perpetuity to the
Detroit
A
A
.
Southern
Co.: the rental la
854.000 per year -4
p. .t.
.
;
oTtJSb
t.>
:
in..;
.
all sre then oat
j.t> l t> t^pt :i"
If
,
N. Y.. Chase Nat. Bank
N.Y.. N.Y.Ceut. A Hun.
July, 1894
O
Detroit La ii a! U g A Northern.—Owns from Grand Trunk
June, Mi< n to Howard City, Mich., 137 mllea: branches—Stanton Juno,
..|>l.la. Mloh.. 63 mllea; Bel. ling Branch. 1 "a miles total owned,
Ins.
Leases: tiran.1 Trunk June, to Detroit. 3 mllea; lavnalng
-inalug. 1 mile; Hagtnaw A West. RR.-Aliue to Howard City,
Bsp. L. A Del RR.—Grand Rapids to Grand le-dge, 53
miles; total operated. 321 miles. A oonsol hist ion. April 11. 1S71. of
Howell
A laiaslng, the Ionia A latnalng and the Ionia
the Detroit
Stanton A Northern railroads, under the name of Detroit Latnalng A
RR..
which was sold In foreclosure Dec 14, 1876. and
laxke Michigan
interrst
.-k issued as starve. Divide d on preferred stock payable la
i
.
Dee, 31. 1887
.
13 to lee. 81 only la I486.
Oat of the sot Malar 18*7 was paid 81.182400 for dividends and
for the year of 813"
Irrments, leaving a .nri-1
(^'
IIS. 6M. 743: V. 46, p. 2-w, 234. 448, 510, S72, 574.
077. 738. »1»; V 47. p,22». 3^1.442.1
(narrow |S»l«).-"« Ifap.y
Msf* eoverrd line- in I'tah T.r.. about 460 miles la all, of
State UnetoOgden. Ot.,81
-Colorado
Have been completed
Alia, 18 m.: Blmcaam Junction to Bingham.
V
coal
mines
Junction to
10 miles: other braocSrs. 9
P.
The stork tanned an 448 miles Is 97400.000.
ties— total, 373 n
vers Issued on road only par-tally completed.
beatfl4U0400
have ganrrally accepted the piuu issl of Angnst, 1885.
l«... 't...'Mar, h 1. 1888TlBcluatre,
rlr that i ba euupuisi from Bank,
>e paid
|si.l oi
one-half la cash, foil Intrr.
kail be
v
* J
* D.
A. * O.
A. * O.
J. * J
J. * J
M. * 8
S.Y.,Offlee,216 BMway.
N. Y.. Nat. Part Bank.
H. Y.. OthVe. Mills Bl ig.
Office,
0.00
3.106.0JO
3.123.000
dividend
8
1.405,775
672,364
225.213!
i
.«.!, ii
1,714.950
87400,000
ii ooo.ooo
*O
A.
5
U88.
8
1--.-,.
VV.BB.
I
60
100
100
(t)
77.1...
p..
4
fur tl.O00.O0". gold ..CAT
JMsaerataw a/s—
Taxes
7
50.I..MHI
AJ
J.
?*•
200.000
1.000
l.ooo
1870
1,-7
50
">M.oO0.r*r
Inmr
4.00"
2,000.000
1.000,000
l'.OOO
532
,<i»y
i
1st
7
S
403,000
is,.;
c,tr
a
!ll.,A!ll>.-'
>S*
;
1
686.O00
3.500,000
12,000,000
1-SS
o1
stock. 1,479
non ram.)
non ram.)
per et.
-..,,..
ErstM I'.v,
4408400
10400,000
l.ooo
1.000
l.ooo
l.ooo
1870
1S72
1872
1873
1st preferred stock (3 per ct.
2d preferred Mo* k
1'i.Dk.i
COBS U ."IllM-V
1^96,600
1.000
l-<, 7
Dividend.
* J. N.Y.,Chlc R.I.A Pac.Oo Jan. 1, 1906
June 1, 1905
do
do
* J
24
June 1. 1905
do
do
4
J. * J
J. * J. V. Y.. Farm. LA Tr. Co Jan. 1, 1913
I* A. * O. NYAv.Can Bk.Com*Lo Nov. 14, 1918
do
Nov. 15, 1919
do
A. * O.
6
2
J. * J N. Y., Farm. L. A Tr. Co July 5, 1888
Feb. 15, 1887
Boston.
F. * A
3
3»a
P. * A Boston. 26 Sears Bldg Feb. 15. 1888
Boston, 2d Nat. Bank. Jan. 1, 1907
J. * J
7
July 1, 1889
do
do
J.
A J.
8
Julv 1. 1913
do
do
6
J. * J
Sept 1, 1927
M. * 8
5
4
2,510.000
2,508,000
1.IKMI
whom.
Payable
Cent.
81,200,000
1,200.000
1.000
1881
1883
222
59
43
53
143
43
97
Outstanding
Value,
81.000
6S
Stock, pre/.. 6 percent, non-carunl.itive
ear
1st mortg.ire. cold |8I2.00>» per mile)
Jcirk AUtgk. Vai. et Fuimmra-ln mort., gcld.o
steal
of
I
Road. BoiiL>
table*.
18824,2 23
r»p..fl f..r l-,7 »s» In v
In too year ending
net 8141 -7 .urp:u
to 867.'<75, mating the total
as the prim I pal of esrtlflcates will be 81
standing.
Iocs ware 8851
against 8236.339. The annual
i
Angus', 1S8S, wss pas ad.
. learning-. ware 6'. 147.159: net. 8431.0 15; Interest, 8^73.690: dividends |7 per cent on prot. i, 8173.7UO; surplus, 81,649. Gross
-'. *irt3,9s5 ;i llvaaralnsa In 1888. 81.22d.-VH'sur,.lus, 62,267.
(V. 44, p.
Id. mla (7 on
.
7. gross earnings were
year's Internet, 874427. (V.
81.181424;
4\
:
;
486. 711. V
4'i.
7TO: V.47.
171.
|..
p. 21.)
Dubuque A Sioux City—Oana from Diibmiue, Iowa, to Iowa
Fall.
% and leases Odar Palls A Minnesota, 76 miles Tlis
I'aeine (3 fl.>-(W* lfa» o/ ITtetsn
r Duboaoe A TsssTisi was forecloae.1 to 18H0, and present oomi> >ny
ItsMsin Nasi 219 miles: Oaroa to London
var. Co
.g Interest In the stock was sold to
re.1.
lu Aw
»l«nie. H3 mllea: Bear reek Junetssn
D U
i.i
.-i
eeOVi i. -7.t
rsaaV prirlnnalr lisinfl liT Til TTrm! has
BBBBBBn*
... r
ranches. 17 miles: total, 388 miles. Stock
to Morrison, 10 mil
iv Its own
In thoai' of the
:'
Peeine Is 86.1*8.100 eat of 8d.235.40O. and eonsol.
>.v Mln
t was broil.
82.71.7
mort. bonds 83,707400.
TlmO. P. oparatoa the road, bnl haa made no
CSSe Hiss
- s. the Interrst was <1ef
gnamatr of the stock or beans a
i:a
S...UOU II. (I
a l-al a Aatouxiv
A
d. rnreclo
• i.'«ooand n committee of boaatboMars appointed,
rawest or* salt was begun
Dak.HRs. SeeV. i
In.
an.
oa tea s o nsal. mort. la 188« ded.lt under Interest, Ac. V.46.p.38,4 IH \ 17. r tin
lOOaaaala
net 818463: .led. It under
1887 frraas earnings. I
ith to Tower. Minn, via
II ii I ii t h
-..a Itange.— Hoa
*c. 828l».430. (V.43.P.23. V. 17. p. 531. 563. 694.1
.u.ll.-r Mine: total. 118 mllea.
,
'•'
Denver •toutk
A
f
i
'
i
i
km
1
.
I
.
.
;
.1
.
.
(
I
>.
i
I
I
'
Daave>- Tessa * Fort Worth.—<**» Map of PI. W. 4 Dot C)~
Trlaiand, Col., to a connection wlta the Port Worth * Denver
« State Una. 123 miles, with third rail over tee
Denver A Rio i.rande from PosMo to Trii,Mad, 100 m.; total, 223
m. Of the latmortf. bonds 81.000,000 were Issued to provide
atrartwn and equipment on the D. A R. U. third rail un- Trinidad to
Pooblu ; 8800400 for tennlnsls In Pueblo snd Thnbtsd, snd l«lance at
820.000 par mile on bow mod. Capital stock authorised. 830.
tim^^^^Kate
Kit.-n-loi,
e
tor
I- In
I
'
::,-'.
Broadway,
!
«T2
V. 4fl.
NY.
In
rate of 825,000 p-rm'le foroonatruo\|
tan Tru t Co. ..r \. V.
cpniiment. the
i
i.l
143;
(V. 45. p.
II
issre
l:
V. 46. p
ith Shore
p 413. 573, 787; V. 47. p
Is
II
aland g ant from Minnesota of about
itock, the luoomt
«hop,
I
Broad
•
Street, N. Y., President.
171.)
A
Ifajo.-D
at Vopi.-Diiliit'i
Atlantic— (Ast
to Haalt
l.uir. |V« Map of Ft. W.4 TVa C)— Denver t.. Ban. *
•oarer Texas
Dn nth 1 Iron River is
Poebio, 124 miles, ami 13 mllea branches.
On Mar
•. snd 40
miles from Nastorla to
n-.-l
the Denver A New Orleans road was soM and this company
m .V Intou iorganised. Too company owneexfenatva terminal grounds In Denver
n .ee, 43 miles, an 1 M. II. .v On.
sii.| ro«l Isnda a: I ran
^1 I". whirl, sre
.ver..l t.y the tlr»t moMgnf*
loial. 568 mllii-.
At Man:
Thoeampanv »oasoHdalsd with ih.
r. iaa A Port W«r
Pit -I Ac and
Marie oopaectl -n Is n
Co.. and. with the Port Worth A Denver City RR. Co.. forms a com- with the Drand Iruuk
i
1'iirpleted through
from Denver
orth. about 804
cnasod at
Wbnle line opened for business In Mar. h. 1-88. Bonds sre 8 0.0.XI per Railroad snd property,
r,
i-oiimi.in
the
f
ainl
lal.y all
|
mile sn.l S.J40.0CO for terminals. Ac. Trnatee of mortgage la Mercan- •locks of the Majoae tt
lllton. BK.IOO lllllee. which it
tile Tr. Co.
-<*8 (t moa ). gross earn
Prom April 1. isi n.nrtgsge, V. 43. p. 274.
leases in ,•• ria lull
lags oa the ill mllee w. re 8721
s. A A. htoek was
;»raiin< expensoa,
Jno. Evsns. Pres't. Deaver.-<V. 43, p 042
V. 46. p. 413:
V. 47, p. 50.)
Pslfl
f272.»61
T. 47. p. 258.)
rere 81,463,680 net, 8389,068;
'. 61 ll,18w.
i.l
Itea t|..|ioa A Fort D..dce. < < n« from !>.•• M.ilTM.t.. F:'
BUce, New YorVDodge. Iowa, 87 miles, with an extension 66 mllea to Rutliven, eon
p. 74, 320, 333, 537:
neetlag wtth Chicago Mil. A m. Paul. Flr«t 87 miles originally h<iu
Won of the Ism Moines v..
and sold out In V. 4.. p. O. 218.)
stock. 84/2Pittsburg. -Own* from I>imIinnklrk Allegheny Taller
n the Chicago Rock laland A Paolflr, for • Irk. .N
la>aa.
lull.sa.
A eonaolldatlon of the Dunkirk
'
th" grots earning-, wnh agnarau19 years at a rental of
and Wsit.enAVcnaiik'o in ls72. Lessvwl for 400
ent latrreat on the 1st mortg. a
r t'o.. tint
"H»ea. and road •
2>s p
tal. « 1.3 '0.O0
par SJ100.
Kent
urate.
la ISna. graoa samlnga wore a.,
on r
lere-t charge, tint the
.-<
usually an anon
S3, gross ram's were os.
In year
7 rental was 610.
nga were 82t7 567
defloll uiidor
ending
il-lli-H under
In l- 15-uo iross,
Detroit Hay City A Alpena Own* from Alger, oa M'rl
A
1
i
•
.
Mm
.
*
.
i
;
;
ii
.
a
>
wn
-
A
;
I|
..
•
.
:
-
;
iti.i.i
traffic
eontmot Cram Mlah Central.
An
extensto
i
to
Sheboygan
Is
pro-
dale. Pa.,
30
—
i-i-i's.) Owns from Mount Union, Pa., to ltolierte.
and losses branch to Stair Mine, 7 miles; total. 37
miles,
.
39
INVESTOKS'
SUPPLEMENT.
[Vol.
XLVII.
—
i
1
.
;
RAILROAD STOCKS AND BONDS.
November, 188a ]
33
a great favor by giving Immediate notice of any error discovered la these Table*.
Bond*— Princi
INTEREST OR DIVIDENDS.
Mil...
Data Sute or
pal. When Due.
Amount
explanation of column headings, Ac. see note
of
of
Pax
Rate per When Where Payable, and by Stocks— Last
Oatstanding
Bead. Bam* Value.
on Hist page of tables.
Cent
Payable
Whom.
Dividend.
Mill
'
I
DESCRIPTION.
r
j
J
I
Mast Ttnn. ra.4 Co. iConl )— Ala. Cent.. 1st. gd.,cp.
Knoxville A Ohio. 1st more gold
e*
Kattd Writ Ala. -1st con*. M.. gdi«15.000p. m.) c
MtuUrn (Mast.r-Stock
Preferred stock, 6 per cent
Essex RR.1M mort. (extended for 5 rears In '861.
CerU-of indent*
c
(6398,4(0 at 84-87I
95
66
1896
1851
A*
1878
18*7
Debenture bonds
(for 4800 0>
r.V.JJ.j-«i'k.4»t p. e. ren'l till 1938. E. Mass.
Hirer-Stock, 2 (to 3 p. el, soar, by Wab. West
Iw sb bsoV La. *t£io6amiv-lsi in..g.,s. <_ not
16
94
110
120
120
99
JM
iCertfsmrfwXsrlAsr-n-lstpref. M.. gold.c'
1st mart., gold, interest 5 per cent after 1 889 ...
Mlmirad Lakt Ontario-Stock
Sodus Ba»
*
Southern 1st mortgage, gold
e
31
So. Cent.
77
77
999 rears to run
crenX999rrs.,Penn. Co
ioo
Mtm km*WUHmmtrpori Of k. eom.,5 p. c. reo
ck, 7b.
e. rental.
999
yrs..
77
1st
MrUd
,
Pitt*.-8tock.7p.
convertible.
.c-
loo
100
mort. free of State tax (for #4.500,000) c'
ttpringt— 1st M.. gold
2d M. Income bonds, 6 per on t Ink Is paid
sh r
le u d/To. Amur.—Stock, 5 p. e. rental, M. C...
BvanntlU el Indianmpolit-ltt mort.. E.AI. gold.oTrrro Haute A Southeastern- 1st mort. .
Et. A Ind. Cons. M <f«r #2,500.000) gold. guarc
".
MwmnsnlU « T ifoitfe-8tock
1st ronsol. mort.. gold
o'
1st M.. Mt Vernon Hranrh. g. (915,000 p. m.i.
A Richmond. 1st M. guar i«:
C
13'.
156
144
25
C
100
100
100 Ac.
-.oo
.v.-
100
1879
1.000
l.'HH)
l"l
1.000
1.9't
100
l.ooo
50
50
-,';'->
lOOAc
1870
1808
1--3
1,000
1.000
1,000
085,000
2.485.000
500,000
500
100
2^00.000
500
50.
l$m
l.'Kh>
BM
1879
1.000
l.OOO
LfM
i-"
1.000
1.000
l.ooo
50
In 1874. The stock Is 8815.609: par 800.
roas earnings were 9117.379; net.
1885-86. gross. #96.066 net. $
,
Bast Pennsylvania.—Owns doable track from Reading, Pa. to
AJIeatown. Pa.. 66 miles, ana brstaeh to Avon, under construction. 4
miles. It la leased for 909 yean
years from May 1. 1800. to the Phlladeli
rental of 6 per cut tier annum on thr «t.« i
da. Above beads were Issued to retire these
dae la 1888. Austin Corbla. Pres't. Philadelphia -i V. 46, p. 173 )
ataat Ten neaaee Virginia A Georgia Kallmu.—/ant Man.)—
Owns: Bristol to Chattanooga. Tenn.. 243 milea: Morrtstowa to Uueka. 44
m.: Cleveland to Selma, 964 m .; Sauna to Lauderdale. 90 m.: Ooltewab
to Cnbntta.ll nj.. Rome. Oi. to Macao. 15* m. (18 miles Jointly with
O enraj n ivii.-i Macon to Brunswick. 190 as.; Cochran to HawklnsvUle.l0m.. total, 1.015 m.; operates Landerdale to Merid'an. 18 m:
Waldeaa Ridge BR. Emery (lap to Clinton. Tana., and branches. 50 m.;
total owned sad operated June 90. 1888. 1.0S3 m. Control, the Knoxvilla A Ohio road, 66 miles, the ones of the Memphis A Charleston RR.,
from Ch att anooga to Memphis. Tenn.. Slo m. and the Ploreaceand
Boaservtlle brsnehes. 20 m. tli« Mobile A Btrmtagaam, 150. la all 540
m , making a to|al of 1.029 miles.
TUa company, the E. T. Va. AOa. Railway Co.. was formed la 1886 as
aneotaso r of the E T. Va A Oa. Railroad, which was sold la foreclosure
Mar 35. 1886. The first prefrmd stock Is entitled to a aoo-ean.
firUead of 5 per cent, and has -the right for Are years (till 1881)to
elect a majority of the Board of Directors of said oompeay. mines be
fore that time the said company should nay oat of Its net earnings 5
peresat dividends oa sarh preferred stork for two full successive years.*'
Dividend of 4 p. c paid oa latpref. stock
5 p e. In 1888.
In January. 1897. a sale was made of atOOO.OOO ot toe Brst nret
stock to the Rkhmond A Wast Porat Terminal Company thus girl ig
thsm control of the road for Ave years unless dlvtaemds of 5 per cent
are paid on nrrt stock for two years.
In Oct.. -«9. a lease for 99 years was made to the Richmond A DanvUla. the rental to be 33 h per eent of gross earnings till July 1. 1893.
then 35 par cent till July I. -'.»•'. then 3.1 per cut till July, 1903. and
37 per rant thereafter, with amlnlmnm rental always tofflclent to pay
Interest on bonds and 6 1 er e> at on preferred lock.
The Passes under lbs r onsoKd at e d mortgage of H86 and the 1st «xtoasloa mortgage of 16-7 Is the Central Trust Company of New V. rfc,
•7J2S.000 esawalldatod bonds were ru arr ail u. r. tire prior bond< of
the Alabama Central RR and the K. Tana. Va. A On, RR.
The mortgage of 1886 far #6.000.000. covering all the company's
property (Central Tr. Co, tmsto ), provided for new equipment, tm-
—
:
I
l
1
.
ate.
of prices of new stock has bean as follows. Common. In 1886.
In 1697. 9>s»17: la 1888. to Nov 16. loeluatve, 8>*«11 "s;
1st prof.. Ial88«. 67t83H: In 1887. 53*83>t; In 1888. to Nov 16, Ineiusrve, .'5«8:i: 2d nrsf.. in 1996, 24*35%; In 1887, 18 032; la 188s.
to Mar. 16. 17>««27<a.
From July 1. 1888. to Ang. 31. 1869 12
taeandtng Knoivllle A Ohio) wer '
8. anntosf^eAOU la 1867:
net. 8291,787. against 9979.556.
The 9aeal year ends Jane 90. The annual
for 1886-87 was
MM. V. 45. p. 67 1 snd 674L The resorts do not
of the Knoxnlle A Ohio.
I
11>18V
txcoMB
Aoootrrrr.
80
...............
sjj^w^SoS* 1
........... ...
91.3>*a»a4ov
•5.109,918
91.716,681
IssnMtf
91.194.158
Dlvlden.l on 1st nret stock.
Other psy men ts
440.000
B
Total diabnrarm'ta.
j7.i.ai3
anr.88l.I4S
6
J.
J.
J.
g.
S*'
6
g.
A
A
A
J.
do
do
Last paid Deo., 1887.
Boston.
4>9
3
Rank
N. Y., Chase Nat.
J.
D.
do
Jf.'i"
A 8. Boston. Of. Eastern RR.
A 8. Bost.,8haw'ttt Bk.ALon.
(t)
Boston.
4>a M. ,V &
eBBJMO
2«4
J. A D. Boston, by Treasurer.
2.792.900
1
A. AO. Boston, by Treasurer.
M. A S. X. Y.. Mills Building.
3,982,000
2*
700,000
6 g. A. A O. New York, 1 15 B'way.
1.250,000 4to5g. J. A J.
do
do
1.500.000
Baltimore, V. Cent. RR
500.000
J. "a"j
N. Y. Pa. RR.
2»«
J*. A N. Phila., Penn. R.
500,000
500,000
3>«
J. A J.
do
do
1.000,000
6
J. A J.
do
do
570,000
5
V. A O.
do
do
l.ooo
ansa. A coal road, opened
la year an,
-
81.000,000
2.0O0.0O0
1.725,000
tjtanjaan
3,149.844
194.400
9.879,914
I860
1863
:--
.
l.OOO
1.000
1884
114
54
40
$1,000
Yob
1
.0'
.
1879
1388
112
119
1
M.
4ifl
6g. M.
1\
,998, 100
7
O..--M.
A. ,t O.
7
A.
AO.
7
J. A J.
P. A A.
i» Peb. 1.
A. A O.
2>a
., J. A J.
M. A S.
J. A J
Q— J.
It
•':-'
J. A J
A. A O
i A J
500400
097,000
260,000
9,000,000
3.000.000
(I)
N. Y., Union Trust Co.
do
do
do
do
do
do
H. Y.. Mercantile Tr. Oo.
do
do
Bangor. Treas. Office.
Fanu. L. A TT. Co.
]
do
do
I
do
do
NY.. Farm. I. A Tr. Co.
do
do
do
do
N. Y. Manratau Tr. Co.
July
July
1.
1,
1918
1925
Deo. 1. 1926
Dec, 15, 1887
Sept, 1, 1888
Sept. 15, 1891
Sept.. 1906
Sept. 1. 1908
Dec. 15, 188S
Oct. 1. 1888
Mar.
1,
1,
1.
April
April
1902
1914
1914
1924
1889
1888
Jan.
1910
Oak, 1. 98*9
Deo.. 1888
Mar. 1. 1890
Oct. 1, 19C0
July 1, 1898
Feb. 1. 1933
Feb, 1. 1933
Oct 15. 1988
July 1, 1924
Sept. 1, 1909
Jan. 1. 1926
Oct. 15. 1888
July 1, 1921
April 1. 1923
July
Nov.
July
1,
1.
1,
1,
1929
A
dividing the surplus income as follows
1. To B.
M., 9630,000 (9 per
lent on lu stock); 2. To Eastern. 9100.000 for sinking fund; 3. To B.
A at, 670.OOO; 4. To Eastern. «336,000; balance to be spent br lessee
on both properties pro-rata. A consolidation la proposed. Mortgage notes
for #684.300 are oatstanding, secured by real estate.
In Dec., 1867. paid a dividend of fs p. e. on common stock, leaving a
surp. of 675.382. Assets in sink, fund Sept 30. 1897, were 9596,128.
The annual report for the year ending Sept. 30, 1887, gives the
following result of operation with Boston A Maine. Surplus lnoome
divided. In accordance with the terms of the lease, as follows:
To Bos. AIL TO Eastern.
:
__-_._
B oston A Maine Railroad
9630.000
ltp.ii.)
Eastern Railroad, sinking fund
B-siton A Mulne Railroad (1 p. o.)
Eastora Railroad, balance
Total
-(V. 46. p. 13. 70V 743. 830. 856.1
6
100,000
70,000
33-i.OOQ
9700.000
*1JU,000
Baa tern (M. H.>—Owns from
Portsmouth. X. H., to Boabrook
(Masaachuaetu 8ta<
was formerly leased for 99
years to the Eastern (Mass.) Railroad, and a new lease was made from
Oct. 1. 1878. for 60 years and two months at 622,500 Der year, equal to
4<« p.ct.per annum. M. Currier. Pre... Manchester. N. H.— (V. 45, p. 012.)
si River.—Owns from IXMtansport.. Ind.. to Butler. In. I.. 94
miles. This was formcriy the Detroit Eel River A Illlnoi. Railroad.
sold iiud- r lasasjaagn .try >;. 1-77
llanwaf the road from April
1. 1887. was made to Wabash Western on the basli of i per cent
yearly on the stork till April. 189.'. then 24 till 1895 and 3 p. c tberoaftar—this to be paid on 63,000,0 o slock.
atllaaoethtowa Lexington A Big *andy. -Owns Lexington
to Juto tiou. near Denton, 102 m.; A. C. A I. Junction to Big Sandy
River. 7 m total owned 110 miles. leased Junction with A. C. A I. Co.,
near Denton to A. C. A I. June., 21 miles West Side Big Sandy River to
Huntington. 9 miles; total operated, 130 miles. From Feb. 1, 1886,
this road was leased for 250 years to the Newport News A Miss.
Valley Oo. on the basis of paying the annual net surplus. If any. to
this company. Capitol Issued. 83.563,353. There .re also 94-9.530
certlnoatas of Indebtedness; sinking fund Is 825.0OO yearly, but no
hoods drawn. From Jan. 1 to May 31. 1888 (5 moa.), gro»s earnings
were 6379,954. against 6399.997 In 1897: net, #76,297. against * 110.663.
For year 1886 groat earnings were 8937,529; not.* (33,6 14; rentals and
taxes. 848,366; Interest. 9196.930: surplus. 624.976. In 1887 gro'S earnings werefl. 115.073; net. * 108.854; surplus over rentals, taxes and
int. 6160.963. (V. 45. p. 642; V. 46. p. 289. 4 I
Klrulra Cortland A Northern. -Elmlra. N. Y.. to Camden, via
Canastota. N. Y
141 miles, of which Contra to Horaebeads, 5 miles,
and Cortland to Pe Ruyter. 20 miles, are leased for 499 years, and
Caaaatota RR.. 21 miles, during corporate existence. Sold In foreclosure in 1878 and again in Feb., 1884, and reorganised as at present.
The 1st mort. for91.250.000 bears 5 p. ot. after 1889. Stock la 83,000,000; par. 6100
In year ending sept 30. 1897, gross earnings were
8874-9091
,903; net Income, 656.323; Interest, taxes, Ac., 993,686; derlolt,
tal deficit, $28^.106. Austin Oorbia. President X. Y. City.
Klnslm A Lake Ontario.- Owns from n.».—t.ifp. N. Y., to
iv.it kins. N. Y.. 47 miles; to Chemung Junction, 17
>s miles; SoCtn
Point to Stanley. 34 miles- total. 99 miles. This company was a consolidation In December. 184*, of the Elinlra Jefferson A Canandalgua.
the Sodas Bay A Southern and the Cbemaag Railroads, with stick and
bonds as above. It la leased at cost of operating to the Northern Central, which owna 81.493.000 of the stock and 63OJ.OO0 Sodus Bay
bonds I .rase may be terminated on thirty days' notlos from either
party. In 1887 the gross earnings were 6026,042; net, 923,150.
Rlmira
tsTllllamsport.—Owns rrom WlUlamsport, Pa., to
minim. N. Y., 77 miles. This company was reorganized under the
present name Feb. 29, 1860, and leased to the Northern Central Railway for 999 years from May 1, 1863, at a rental of 6131,500 per annum
after Jan. 1. 1980. The dividends on the common stock are 5 per cent
and on the preferred 7 per cent Orosa earnings In 1887, 8927.489t
aat.8M8.716; surplus to leasee, 8147.216. Oross earnings In 1886,
640,789; net 8214,443; surplus to lessee. 9162,943.
;
.
1
A
•U4*.1M
8582 523
A
The Knotvllle
Ohio grrss earnlnrs In lSx? < were 8490.291 and
Bet, •197.407.-lV. 4^. p. 53
i.vt. 400. 541. 613. 67 1
674.
43; V. 46. p. 709; V. 47, p. 50. 81, 186. 300, 303. 381, 410. 442. 472.
409. 337.)
.
WWM
Krlc ,v I'ltlaburs.Troni ReW Castle. Ph. to dlrarl. Pa.,
not A West RR. Co. or I la
-R...1-I is j.r J.-.-t. d fr..n,
Ua, to Birmingham. Ala, and
miles; completed 82 miles; branch. Dock Junction to Erie Docks, 3 miles; leases—
Oirard to Erie. 17 miles; total operated: 102 miles. Road opened In 1865from CartenvlUe. i.a
Ma. 117 m.
al>.,v,. iKin.l, syarg
[t was leased to the Pennsylvania RR. for 999 years from March
tasned la 1887 and retired 9800.000 of prior let aswtat. bond* and 8000.'
1,
RwOOof debeatnres oatstanding. Stock tsataortaedX 83.000.000 (par 1970, at a rental of 7 per cent ou stock and Interest on the bonds,
00IJnsned at 610.000 par mile of completed road. March 16. 1888. and the lease was transferred to the Pennsylvania Oo. The lease haa
ha Psatell. Cartcrsnilr. Oa. wss appointed Receiver. Foreclosure In been quite nnprofltable to the lessons the deflolency paid by thorn la
progress. w r A. Pren'lcc, President, 155 Broadway, New York. (V. 1881 was 8333.52 1: In 1882, 9207.ti
Ir,
m3. 6240.D71: in 1844.
46. p. 211. 240. f^; V 47. p. 140.)
6307.841 In 1885, 8354,633 In 1896, 6225,794; In 1897, $297,306.
lase.y— Owns from Boston. Mass., to Hew Hampshire
Eureka Springs.—Sellgman, Mo., to Eureka Springs, Ark.. 18<a
Btate IJ
miles: projected to Harrison, Ark.. 50 miles beyond. Stock. 8500.000;
ley to (
•aafar. 17 miles; Salisbury to Ameehtiry. 4 miles ; Peabody par 9100. There Is a traffic contract with St. L nils A San Francisco.
10 W ik
In 1887 gross earnings were*)'.. J7-. as
,8 arfics; Salem to I^wrence, 90 miles: others. 3 miles
664,958; surplus over Inter':
He.. The («
est 88.922. R. C. Keren.. President, .9t. Ixiuls, Mo. (V. 45, p. 373.)
astern RR. of N. B.. 16 miles; New
lmryp.u-t CM'y RR.. 3 sMssaj rwrtlansl .-». o a Portsmouth.
ndsiai
Raropean
—
A
North
American.
Owns from Bangor, Me.,
Portsmouth
t. Falls A Conway. 73 miles;
to Vaiiccburo (State Lim-). Me.. 114 miles. On Aug. 31, 1882, a lease
.mi IPanwhaiM Kli. vi mil... have i..n tran.f. rre-l |n b. v M
\ Ica.e
was made to the Maine Central for 99 years, for 9125,000 per annum,
to Boston A sftnnnswsa negotiated oa new term* from Oct. 1.1883, on equal to 5 per eent per annum on the
stock, and assuming the bonded
the basis of
total rarnlags, paying all charges, and debt of 61.000.000, which la given under Maine
Central
m
Gainesville,
'
;
.
;
1
;
'
.
-
1
U
,
*
54
INVESTORS' SUPPLEMENT.
[Vol, XLVII.
1
1
Novexbbb,
.
RAILROAD STOCKS AND BONDS.
188P.J
(rut favor by giving Immediate
Sabacrtbers will confer a
DESCRIPTION.
Date
Ac., see note*
for explanation of column headings,
on flrat page of tables.
a.
CMC.- litM.,
<f
of
gold.
rttoVntrt—Common atoek
Pref 1 p. r. stock (T. A B. Issue, see remarks) . ..
Bond* to State of Mass. (3 p. ct Int. tlU 189'.')...
Ihmsai iiiinns fm fift area*, due Oct. 1, 1897
11^500,000 > T ly,'e9 to 1903 Incl. rest 1 908 o*
100
100
B—
t'mYs oOJBoVotae'iiwi int. a.* o.i
q Barre A Gardner. 1 »t mortgage
2d & 3d X. (*-V7.OO0 3d M. 6a. conv Into stock)
Beat. Hooaac Tunnel A West, debentures
Hint* Pen JruroMrUs- "iu stk.i for •',500003)
"•
Pref. stock, non-o. mutative (tor *e.' 00,000).
Reorganisation mortgage, gold iB.V0OO.tio0)... .c
Eqalpraeat bonis, $10,0 JO pai<l aunuslly
Holly Wayne * Hour, e. 1st M.. sink. fund, end.c
riorui a Central 4 Praia.— 1st pref. st'k .5 p o., earn.
3d pref. stock, 5 percent, m.u cumulative
o*
1st mortgage, gold. f-V240 per mile
#lsrUa aVmMant- 1st nt-jrold (»12.000 permlle) o'
13.794,600
5.000.000
1.000.000
•80-'99
l.ooo
1.0D0
1,000
4,5'WI,Ol>0
1.600,0 10
'.'. 2
0.000
1873
1S75
1888
100 Ac
391.000
5
343,
3
1880
1--7
1871
1,000
l.ooo
1.000
1887
38 H
18*8
I-i
180
81
10
Char.Har.ldv..Wtg..psyle»tllO.«lO.OOOp.m.o*
Oonsol. mortgage
Jsrt Uudiman at NortawashTW -lst nort, gold
Jkrt Wa**t * Jackmm- Pref. stock. (8 percent)
Jar* Waym Oi*ei»nalid LotdtrilU Stock
/srt FerrA 4 Obw. Otsy-lst M., g.. *18 00 >
sold.
•assaimn //<trri«6.*3..*»to*«o— 1st
m
Western
M
vision."
,
500Ac.
ioo
100
m.c*
aS
1881
l.'«>">
gr.o'
256
tta
•7l-'80
l.ooo
1880
1.1HH.
—
c*
e'
»
71
do
May
A T.O
do
Jan.
1,
1,
1900
1900
May
Boston, Office
15, 1888
1. 1937
1894 A 1897
189) to 1908
B pt 1. 1897
Feb.
Bo-t
-
11,
Ottloe.
do
do
do
do
do
do
do
do
do
do
T., Kountze Bros.
1604-7
April
July
Sept
1.
1,
1,
1898
1895
1913
"i" J. N.Y., Mer. Ex. Nat.Bk Aug. 15, 1888
Oct 1. 1920
do
do
Nov. I,'e9 :o'97
do
do
do
Jan. 1, 1901
do
J.
J.
J.
A O.
MAN
A
A.
8*
8
a""
I'"
8
7
A J
J.
A O.
A J.
A O.
A O.
A
A.
8^87,833
J.
A.
A.
M.
1.
2*4
.*
N. Y., Am. Exch. Bk.
Boston. Office.
July
July
do
Oct
N.
8ej,t
1918
1923
1925
1900
1921
1905
1888
Dee.
Feb.
1,
1,
June
1.
1,
1,
1931
1910
1908
1931
1931
Y„ St. Nleh. Nat. B'k. July
May
do
do
Last paid April, 1883.
N Y..Farniers'L.ATr.Co
.X
1.
1,
1,
1,
1,
1,
1,
AprU
481,747
4,000.000
8,0-
1,000
D. N. Y., Mercantile Tr. Co.
,
A. N.Y.,8o.PacCo..23Br d
do
do
D.
do
do
N.
J. fe
P. fe
J. fe
2«-
1,000.000
13.418.000
8.354.000
1--1
671
a
5
0,000
3.000,000
2.118.900
8OO.J0O
800.000
200,000
tSOyOOO
10.) fee
I.
2d mortgage
do
...
A7
a
N.Y.,Farm. L'an
1.58 JI.OOo
100 fee
p.
Yst mortgage, gold
do
45
97
97
44
4.5<
1.000
100 an.
iih fee,
I
18X5
1870
1841
lxxo
5
4
6 342,000
3,921.000
285.0 '0
1.000.000
100
100
.-.7:1
573
57 i
6A7
When Due.
Stock*— Last
Dividend.
3.9 i«. 200
100
100
"«5
3 to 4
1,400.000
l'.dbb
884
884
302
fond a Julnitmrn * QlotcrttUU— 1st mortgage
"s"
l'.doo
..car
AN
J. A J
M. AN.
F. A A.
A. A O.
Varknu
M. A S.
V'arl ma
A. AO.
J. A J.
M. A 8.
SojuIj— Principal,
bj
Whom.
Payable
2«- M.
"74A7
1887
•
Cent
•775,000
325.000
7,000,000
1.000
In these Table*.
INTEREST OR DIVIDENDS.
Rate per When Where Payable, and
Outstanding
• 1,000
uf error discovered
notice of
Amount
Willi,..
1X70
1872
55
55
315
c
c
guar,
Ot
Par
Bead Bonds
g., Int.
ze.
.91
of
ss
M.
5*
J.
A
A
May
do
do
J.
July
Bvanavllle fe Indiana nolle.-! « •« Map *>. « T. H.I—Owns Jan. 1 to Sept. 30, 1 8HS |9 im-.l, gross earnings wers •1,800,749. aga
Annual report
•u 1887; net, •>51.0J1. against 11819.996.
EransvlUe to IVrre Haute, lad. (via Worthtngtooi. 135 miles; branch 3
'
Exohaugu In Y. 47,
to Brazil. 12 m.: total. 150 miles. la Oct.. 1887, least. 1 the branch for xx7. In V. 4ti, p. 57.', and application to Stock
Bratll to Saline City. 12 miles. This Co. was a consolidation In <)ct. 85. p. 4 11
of three cor i«.r»t ions. viz.: the Evaiurllle fe Indianapolis, the Evansvllle
IHCOM8 AOOOUBT.
1838.
1887.
1884.
UBS.
Wash. * Brazil and the Terrs Haute fe Southeastern railroads. Uf the
•
»l mort bonds, 9900,000 are reserved to meet prior 11 us.
9
2,252.<
2.160.771
3,572,937
bonds are guaranteed by the Eransvllle fe T<-rre Total (TOM cam's.
1,946,790
,988
In year mdlng Aug. 3:
i. I2.iiim.U0
649,609
757,654
599,950
737.537
Net earnings
In 19B7-9, gross •146.rose earnl'
oet, •102,392.
DuOurefsMHla—
-". W.M.
JJ5: rrt »- '."-I
.T.-I.4I9
322.1U0
329.194
837.333
Interest on debt...
Kvi
A Terre Hsute.- (.Or Hap. page 57i—Owns from Ev Dividends
3^5.000
422,500
380.000
455,000
miles; Ft Branch to Ml. Yarnon. 37 allies,
ansvll
4.336
Bawl
eat total operated. 156 miles. The Ito-kvlUa
T..tal.|.»tiur..-iii ts.
647,910
7-.i.0:»i
miles additional. Is l aaasl to the Terre Haute A LogansEtti
sur. 1,759
sur. 5.980
rs from Nov. 1, lt79.
Farssarly the Evansvllle A Oraw- Balance for the year def. 54.698
10. This oompany Is b..l ding th-Evaimv
? Si
300.371.
418,511,537,
578,
P 613. 636,727. 856; V. 46, p.
-a from Boors) est the Evansv. * lu.ti
47. p. 441.1
• in V. 47.
Kl:
tiiunal rei*r:
sad, iuFlorida
Central
fe Fenlnsal ir.—Owns Jacksonville to Chattst
Gross
year ending Aug. 31. IM8. a863.67ft; n
hooehee, 2O0 laUes; Tallsaasaee to St Marks, 21 miles; Drifton to Mon
tan
ticello, 4 miles
Pernandlna south. 179 miles ; Waldo to Cedar Keys, 72
r4»t per cent .:i»I.Und.«3«.94v
M,BtT.Msa miles Wild wood to Leesbnrg. 23 miles Hart's roe 1 to Jaoksonvill 25
Wlthlacoochee to Plant Olty, 39 miles; Jacksonville A B .It Line
Ilaule A till
o. -Owns from Terre Haute RR. 3 miles; total. 573 miles. The Florida Rill way A N.tvlg-ition Rrt
HI.. 48 miles
6 miles; total operated. Co. (which was a consolidation in March. 1x91. of the Florida Ontral
usea 6 miles a the track of the Boekvllle Extension Into fe Western. Florida Transit A Peninsular, Pernandlna A Jacksonville and
Terre lt.».ir..l~.. ,.-.i».~.
15
the Leeaburg A Indian River railroads), was. In Oct, '96. place I In the
Ir.i
April. 30. I -no. a lease to
lUoosi
of a receiver, and Iu 1999 the property was sold In divisions, and
rears;
terms,
rr.VOOO
999
mum and the assumption by the C. A E. hands
the MfMMl ...mpaiv nrgaalasd, with 11. R Daval a< l'r.- Ideut
Th.i
.y K. r II Ai\
J.-.i.lm«r.,;!,. n .Pr.-,
I. of all rentals sn.l taxes
other directors araW. Bavard Cutting, Adolph Hurler. Wayne MoVeagh,
dent. Terr.- Huts
R, Fulton Cutting, W. I. Bree-e. E. S. I'lekerson, J. A. Hen
tMtrhbarf.-owtM frn
to ntchbnrg. Mass.. SO Ferdinand Perk.
,.,
u. E. Maxwell an.l F. W. F.wt*. The common stock
miles from GrernnrM to
87 miles; Johnsonviile. S
The plan of rtxirganlxatlon was outIs 820,000.000;
par. 81 ,M >.
>
1
fa.;
-
1.
1
,
•
•
ttEm
.
1
1
1
:
;
•.
:
.
1
1
]
I
'
.
,
M ssssM
-.
M
sallr-
FU^hburs; KK.. Tr. .i *. irfrov
,
only % 2-% par sent yearly
cent till after Marsh. "95. ai_
the T. A B. beroad amooBU
•
I
>
1
and then bat
or eztraortlnsry
into oonsolId el 10c arr<
.. ira >le Is hefbre tax
.in
Worcester
.
I
1 1, 333^*90 was authorised
-
RR
;
281 miles; leasra and ope
rem Oeld,
Oard.
Char! est own. 1 mile; North Cain
Aeton to MarllMroturli. 12 miles;
to OrernvUle. 34 miles Saratoga
asm hraaeh, :t miles; total •> >n.- 1.
oat A Mass. RR.. Kltrhtmrg to
urtjn.; Bennington, 5 m.; total
sd. Sept 30, 1887.815 in.
by coasoidsti n tn 1887 of the
-se Tunnel, and the
Qrotd.
Of the pref err
Bsataa •!•« k. .»r
sad rseatves
t..'n.'.l'.
I
A
Barre
.
"mh.-V"
S fCZS
w Wsitham. 9 nil
Rssrbmu sark feaBrlar. A
an,
iiiiy;erilll.-.
bridge
1
for.
>
for 81. 200,000
n,
msy
p
r
have lerussd to
the question wh-ther they are
p.
1
ncang a 4
V.
.
the lirldends
I
id
I
7ci*.
81, 1XX7. grots earn(V. 45. p. 942,705; V. 10, p.
lugs were 81,069,619; net, 8203.423.
7STl33, 171, 20 J. 289, 448, 573, 609 ; V. 47, p. 21, 81.)
Florida Southern (Yarrois-p'au**).— Owns from Palatka, Fit., to
.
SMMsflaXoO
ir< 1 Hr tokrille, 106 in.: Bartow
in.: It m-ii
other Branches,
(lords, xl
L, vab irg to Astor, 50 in.:
.1. t .1 -!> -k. lO.o 10 i«- r mil •.
There
total owned, 310 miles.
•re .1-,. f ji". .1 «i .
i»
1. it.- 8 uttli
B I in., roar,
e 81 J" 11
tn
23
1
m
Punts
m
.
1
;
.
n
'
.'.
1
.
RR
rt mortgage note
of
Fort Msdlson A North western.— Narrow gauge road from Fort
Default
Madison, la., to "'lieu. la., about r> mil.-. x<
88(8 man), gross earnings were on bonds was made October, 1894. and on June 30. lxx".. » r.welver took
|2.M.r e:,.ir,«-.
possession, and It was proposed to Issue new bonds and make a reorgani>ort was In V. 45, p. F85,
ization, bit nothing was done aad an orlsrof sale In foroohnure Is
lieH.
p.
,
.
Ip.fl
expected soon.
ISC"
,\><
.
p nr li is a State Ian I grsnt of 13,910 acres per mile.
infract was made with the Jacksonville Tampa fe
Key Weal
by whl.'h the latter t ike< this run I mil Issues a ten year
uollat 'ml iru.t loan on Its -to k and bonds d4i>oslted In trust, and will
own those securities when the loan la paid off. See V, 47, p. 531.
Fonda Johnstown fe Uloversvllle.—Owns from Funds, N. Y..
ivllle, 36 m.
The stock Is 830O.0O0: p »r. »100. dross earnings
la 1888 -7. 1x6.689: net 801.944; surplus over charges and 10 per
cent dividend. 838.773. W. J. Ueeeook. President. OloversvUle. N. Y.
..
mmsSjsB—
.MS ACCCiCST.
1884-85.
H.l.
lXX.i-vT.
MMM
2.-.-H.11.)
673. S9
71.1 «)
0. A. Ollchrist. Receiver, Fort Madison. Iowa.
Wayne
Fort
Cincinnati
fe
Louisville.— From Fort Wayne
Knshvlllo, Ind., 24
,
Ind., toCinnor-ulte. lul, let inlloa: branch
miles: total npsrated 138 uilles. The Fort Wayne Muucin A On. waa
•old in foreclosure, July 27. 1881. ant reorganized under this name.
There are •100.000 notes, due 1993. Gross receipts In 1886. #271,561;
Gross In 1-xr. •290.215; net, •59,908; Interest paid,
•7.000. Elijah Smith. President. S. Y.
t,
8
•
e.,rnlii.s
lx-S
).
•
4.371.439
735.624
-'.1.1.7-
10 1.258
195eS82
.
74,,.8'J
P!3'J.X77
1/088,087
25.YVU
258.480
2-0.0x8
2.I.).70J
266,011
423.228
264.331
3.J.M-X
^8^03
sorp.30,940
Fort Wayne 4k Jackson.—Owns from Jackson, Mloh.. to Fort
Wayne. Ind, 97 miles. The former Fort Wayne Jackson fe Saginaw made
default on IU bonds and was sold In foreclosure Deo, 3, 1879. On Sopt
1 1883, leased perpetually to Lake Shore fe Mloh. Southern at a rental of
•126.027. equal to 5>a per oeat on the pref. stock, and after 1 987 any
not earnings over 8 per cent on pref. stock to be paid as dividend on
,
-ST
lu-.» sTatVia
of dividend....
Total dlsbarsemts
Balar.
l.<>
sur. 23^20
•
\ 2 p-r eent on IO.00 shares.
-tV. 48sE.SK 389, 400, 70S, 88*; V. 46.
*
And
of
p. 21. 5o.
rilat
1
p.
25\
480, 889, 708; Y. 47
218.1
A frrm
T» arqnelte.—Owns from Monroe, Mich., to tending
common stock, but not exceeding 2 per cent s year.
Fort Worth fe Denver City.— <*e Jfdz>>—Owns from Fort
Worth, Tex., to Texas State line, 44J miles, ontnpletod In Ma oil, 1888.
Stock, 820 000 per mile. 88,985,000; par value of shares, 81oo. Total
1899. stock of the consolistock authorized. 830,000,000. In 8ept
dated company, Denver Texas A Fort Worth, waa offered In exchange
Bonds were authorized at S35,000 per mile for
for this stock.
miles to near Quauah, but beyond that point to be Issued
at •16.000 |>er mile, making the whole road average 819.OO0 per mile.
They were actually issued at the first rate only to Han-old, ill miles ;
beyond at 818.000 per mile. See abstract of mortgage. V. 45. p. 410
'True.Mercaurl .•
of N. Y ) The road at the State line
ie Dnvor Texas A Fort Worth, an 1 thereby
'orms a
forlst
I
Ju»
ne from Denver via Fort Worth to (lalvestoa
constitutes a thr
,
358 miles;^ branches—
-Bay
Bay City_ to East Saginaw, 13
Junction loOttar Lake, 30 miles Sooth Saginaw branch,
•a iminea.
32 miles; Manistee branch, 36 miles;
fe
M.mnt Pleasant Railroad, 15 miles; total operated.
The road was sold August 18, 1880. under the consulaad reorganisation was made. The common stock of
J was to ha Issued only after the preferred stockholders had
nrrcenl yearly dividends for Ave consecutive years. But
1888, the Court held they were entitled to hsve their stock and New Or .-an
The on-tnictl.in company psld In•
I Ms*) Y. 48, p. 37
«
..r directors w,t»e!e<Meil In
tercet on Ik
each iile.-e of road was turned over to the
May. 1HX-I, re|.res.nlng si lnt-.e«t«. Extra dividend of 5 per ocnt company for open
fie earntnirs on road operat^xl have oxWas paid on preferred •t<» k
terest charge (see annual report for 1886-87
cecded oonsi
On Jan. 1. 1888, the
i. rmatnal aad Interest)
on head for
saga of stoek prices since 19X1 havo bean as
lands sold ware 8214.809. and lands yet unsold 79,378 acres. From follows: In 1885, 14*35) In 1886, l5#25<t In 1x97, 31 4*62 >i; In
l.h..
:
.
>
1
<
1,
1
1
1
'
.1
1
INVESTORS' SUPPLEMENT
[Vol. XLVII.
J
November,
RAILROAD STOCKS AND BONDS.
1888. J
57
^"MJ^
iPorUJ^^fSBcnd
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i
K"k-I!l'\
^^
Fiye\fi
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/l:an:..'Jl
5
rt*«n»
——
l<
s V
.
1J1 lift
\*N/
Pn&kfon
r
I
jv
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^v
IM1
„lon
lunden*
Mtaat
>^l-n
.
-
jec*1 !
KA'-ndX.**.
Irtln« V,
^
5$
ColumbiV^IR,.
w
r
i.sfcSa
*
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:
i
l."^,
l/»«dili»
-I
.••,
\2bJHt#*?*
4>H*vg~
fdfgrd
.-'i-C
M.diMfl
^^«*°f
n>\
0"'°
JtfCT7rX.il
Oalml
*/,
i
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»
t;r»ngi;
T.
.LOUIS VILuTyShoBlf
•iiiq T. 1b
i
in»ltim
Si
JV)
'"'
Lexington
*<
o
/an8V,h.liv- „
MfM
MiliolAvlllr,
mid'
HEN6E
,
'Bcn&luwn
Kuiku
{S»boroo«h
^Bracklnrtdi*
Ccrtiuj
<;to*n
0#^^/l
/
_-jiP*
o
Drkoritt^'
S#
I)»nvlll.- Jc.l
Dyrna
FrorWl««e«
VI
|>f»dlR
>
Mttofon!»
Vj
*N*C*»
fNoHon
IPrlnr.''.
Pldiicih
V.
^Glugow
r
lle»plUa
°^
mba.
Jn.
i\ Empire
W
JiiDC,
*l
k Trenton>
Krmnkiln
julhfic
1-- "
ClJrk fV)
*\
v/V^ccdar Hill
Springfield
MM' OK
I
Evansville
& Terre
Evansville
&
I
r
^IUdge
I"
Haute R.R.,
Indianapolis R. R.,
158 Miles
154
EvansvilleA Richmond R.R. gilding) 140
"
&.
Evansville Ry. 256
"
Top
.
^N^ \
^^^Z^/m*'
^
'
—-<l^'
^,
10
Evansville Belt Railway,
Feoria, Decatur
"
M
FRANKFORT
S
.
r»
SUPPLEMENT.
INVESTORS'
38
Vol. XLVII.
notice ot any error discovered In these Tables
Subscribers will confer a great favor bf giving Immediate
Bonds— PrinoiINTEREST OR DIVIDENDS.
DESCRIPTION,
pal.When Due.
Miles Date Size, or
Amount Rate per Whe„ Where Payable, and by Stocks— Last
Par
of
of
notes
column headings, <kc. see
JTor explanation of
on tint page of
Koad. Hon. Is
tables.
.o
_.i Houston * Hend. 0/1882— 1st m.,guar.
™i Ithaca d Ssys-lBt M„ (for $1 500,000)...
times A Athene. 1st mort.. 8. '..gold..... ..-..-«
Georgia Co. -Tr'stb'ds.s.f .dr.atUO aft.July,«2,g.e*
0*
Georgia Midland it Oulf— 1st M. (£.($15,000 p.m.).
Btoraia Pacific— Ut mort., $10,000 per mile.......
($5,400,000).omile)
per
($9,000
mort.
1.
2d
Const
o. A r
Income, nou-cuiu. ($9,000 p. m.)
do
Gtorgia Railroad <t Bunking Co.—Stock
-»;.-„•.••"
Bonds, not mortgage
Bonds! not mort ($300,000 mature In 1922) .cAr
;•?
Bonds, not mortgage
va - aw«
Georgia Soulh-rn <t fra-l8tM.,g.(*12,000p.m.)0«
...... .oBrand Rapids it Indiana—Stock
l«t M., land grant, gold 8. f. (guar, by Pa. RRI..C
let M.,guld, ($505,000 are land gr.s.f.,uot dr n).o'
0*
Sd mortgage, redeemable at 105 till 1894
o. *
Oonsol. mortgage for $13,000,000
J
Muskegon <i. Kap. A Ind. RR. 1st m. traf. guar.c*
Green Bay Winona <t St. Paul— 1st mort. coup.
I
—
'
M
1833
88
1870
1887
1886
1882
1888
1888
98
357
307
1871
77ASO
.
.
188.-.
1887
1887
559
335
335
367
367
37
219
Funded coupon bonds
r 219
2d mort. Income bonds, non-cumulative
Gulf Cot. <t SantaFe— 1st M., g. ($12,000 p.m.).. ..C 1,022
c 1,022
2d mortgage ($8,000 per mile), gold
Gulf <* Ship Island-lnt M.. gold, $12,000 p. m...o*
2d mort. for $2,800,000 ($8,000 p. m.), gold....o*
Hannibal <t St. Jotcpli—Consol.M.itor $8,000,0001.0* 292
13
o*
1st mortgage Quiiicy A Palmyra RK
54
c
1st mortgage Kansas City A Cameron RR
54
BarriMb. Porttm'th Ml. Joy <t Lane.—Stock. 7 % guar.
54
r
1st M. (ext'dln '83), int. guar. Penn.RR
38
Barrisburg it Potomac— 1st niorteage. coupon. ..
104
Hartford <t Conneetirvt Western— 1st ninrtmgc
Outstanding
Value.
1886
1881
1886
1881
1879
500 Ac.
500 Ac.
100
1,000
1.000
1,000
1,000
188,'.
1887
1887
1881
1867
1867
1853
1874
1883
500
0)
6
Z*
6g.
6
g.
6g.
5A6
6.643,000
433,000
&o
J. Phils .Company's office
do
do
J.
J. N. Y., Central Trust Co.
Trust
Co.
Central
J. N. Y.,
J. N. Y., Central Trust Co.
8
10
3sj
4
7
610,000
5
Ga„ 57
July
July
July
Jan.
1,
1,
1,
1.
1,
1,
Oct. 1, 1899
Oct. 1, 1899
Nov.
Sept.
1899
1,
1,
1
-i*
1926
1911
1906
1911
1909
1928
1927
1927
1911
1892
1892
July 10, 1888
July 1, 1913
Jan. 1, 1904
July
1,
1,
Aug. 1,
•*iy li
July 1,
Oct, 1,
Jan. 1,
Jan. 1,
Mar. 1,
Jan. 1,
Jan. 1.
Feb.
.1.
8
(i)
(00 Ac
1.000
In 1886-87 gross earnings.
to Sept. 21, Inclusive, 2113*46%.
$669,755: net, $296,353; surplus over Interest, taxes, Ae., $49,167.
From Nov. 1, 1887, to July 31, 1888 (9 months, gross earnings were
8678,115. agst. $457,344 In 1880-7; net, $253,418, agst. $194,975.— (V.
|*
rt)
1,0 ,'6,000
1888
6
5
280,830
3,781,000
12,696.000
7,744,000
1,182,550
700,000
507,200
Dividend.
April 1, 1913
Jan., 1910
O. N. Y.,M«rcantlle Tr. Co.
A J N. Y.,Wlnslow.L.ACo
AO
do
do
A N.
do
do
A 8.
do
do
do
do
A J.
A A. N.r.Faruiera l„*!>.Co
do
A A.
A N. None ever paid
& J N. Y., Hanover Nat. Bk
do
do
A O.
N. Y., Agency.
A J.
do
do
A J.
A S. N.Y., Bk.of No. America.
do
A A.
do
A J
do
do
A J. Pbila.,Co.'s Office.
do
A J.
do
A J. Phila., Third Nat. Bk.
Hartford.
A J-
7g.
750,000
50
A
A
A
&
A
&
A
J.
J.
J.
J.
J.
g.
"i'g-
1,600,000
l,otX»
.?0O
A.
1890
1937
1926
1*
1922
1923
Oct.
do
do
5 g. A.
O.
1923
Ooc
5 g. A. .v 0. 1st coupon due Oct., '89
1888
Oct
15,
Q.-J. Ani.Ex.ilk., N.Y..A Aug
2%
Jan. 1, 1890
d.i
7
I. A J.
do
97,1910,1922
6
do
do
J. A J.
Jan. 1, 1922
5
do
do
J. A J.
6g. J. A J. NY.Nat.CityBk.AMac'n July 1, 1927
4,985,081
3,934,000
1,441,000
2,700,000
3,267,000
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
6
7
(1(10.000
4,000,000
1,470.000
3,587,000
2,950,000
2,950,000
4,200,000
100,000
2.300,000
200.000
100
1869
1869
1884
1884
5
$3,000,000
750,000
$1,000
1,000
100 Ac.
1,000
1,000
1,000
Whom.
Pay ink
Cent.
July
1903
1.
and under construction to Palatka, Fla., 290
miles In all, of which 168 miles to Valdosta are nearly completed. Trustee of mortgage is the Meioantlle Trust A Deposit Co. of Baltimore,
President, W. B. Sparks, Macon, Ga.— (V. 47, p. 563.)
Vienna,
miles,
25. 85, 142, 166. 272, 342. 437. 440, 575, 042, 768,792 819,
Grand Rapids A Indiana. - (See Map of Pennsylvania RR.) —Owns
823 V. 46, p. 75, 255, 344, 413.)
from Fort Wnne Ind., to Mackinaw City, 367 miles; Manistee Branoh,
Galveston Harrisburg A San Antonio.— (See Map of Southern 22 miles; Missaukee Branch, 8 miles; Osceola Branch, 7 miles; total
Pacific.)—Owns from Houston. Texas, to San Antonio, Texas, 217 miles owned, 404 miles leases and operates Cm. Richmond A Fort Wayne
45, p
820,
;
;
miles; Harrisburg to Fierce Junction, 8 niles;
leased, Harwood to Gonzales, 12 miles; total, 266 miles. Weste n Extension, San Antonio to Rio Grande River, connecting with Southern
Pacific. 636 miles; Eagle Pass Branch, 35 miles; total Western Intension, 671 miles. Grand total, 937 miles.
The Btock is $27,093,000. The 1st mort covers 256 miles of old road
and 1,500,000 acres of land. It has a sinking fund of 1 per cent, but
It is optional with bondholders to surrender their bonds, if drawn.
There is also $182,034 Texas school debt outstanding. The mortgages
en the Mexican Pacific extension cover 636 miles of road, from San
Antonio to El Paso, and the Eagle Pass branch, 35 miles— 671 In all.
On Feb. 10,1885, this property was leased for 99 years to the Southern
Pacific Company for interest on the debt and I614 percent of the net
profits on the whole Southern Pacific system.
From Jan. 1 to Sept. 30, 1888 (9 mos.), gross earnings were $2,746,460, against $2,385,558 in 1887; net, $64*, 193, against $380,337 in
1887. In 1887 gross earnings were $3,3i7,la4; net, $682,947.
LaGrange Extension, 28
Galveston Houston
& Henderson
of 1882.—Owns from Gal
Teuton, Texas, to Houston, Texas, 50 miles. The road was sold in fore
closure Dec' 1, 1871, and again Aug. 1, 1882. It is now leased for
99 years, to the International A Great Northern Railroad Company and
bonds guaranteed by that company. Stock of the new company is
$1,000,000. In 1886 grosa earnings were $401,031; expenses, $395,355;
net, $5,676; interest and taxes, $118,467. In 1887 gross, $108,525; deficit under operating expenses, $63,383; interest and taxes, $16i),669;
received from rental ot track, $286,202,
Geneva Itbaca
Sayre.— Owns from Geneva,N."»., to Sayre.Pa.,
75 miles; branch, Ithaca, N.Y., to Cayuga, N.Y., 38 miles; Hayt's Corners
branch (leased), 3 miles: total operated, 116 miles; organized Oct. 2, '76,
as successor of the Geneva Ithaca A Athens
(sold in foreclosure Sept.
In 1880 absorbed the Cayuga A South. RR., 37 miles. The
2, 1876).
00m. stock is $1,275,000; prcf., $400,000. 8 per cent, cumulat ve; par
both $100. In year ending Sept. 30, 1887, gross earnings wer $424,
454; net, $28,160; deficit under Interest, $60,754. In 1885-8(1, gross.
$412,128; net, $46,122; interest payments, $81,630; defioit, $35,507.
A
RR
Georgia Company.— This company was formed in 1887 to control
and extend the systf iu of the Georgia Central RR. A Banking Co., aud
owns 40.000 Bhares ($4,000,0 0) of the stock of that company, and this
stock Is deposited with the Cential Trust Co. of N. Y. (trustee of mortgage) as security for the above bonds. After July 1, 1892, a sinking
fund of at hast 1 per cent of outstanding bonds will purchase or draw
bi.udeatllO. Stock authorized is $16,000,000 (par $100); outstanding, $400.000.-(V. 45, p. 792; V. 46, p. 4 of adv'ts, 353.
Georgia midland A Gulf.— Road built from Columbus, Ga., to
HcDonough, 98 miles. Stock, $1 2,000 per mile. N. Y. office, 7 Nassau St.
—(V. 46, p. 133.)
Georgia Pacific— (See Map of Richmond it W. P. Term.)— Atlanta,
Ga., to BtarkvUle, Miss., 317 miles; Woodlawn to Bessemer, Ala., 19
miles small branches, 14 miles; Greenville, Miss., to Johnson ville and
branch (3 ft. gauge). 52 miles: total, 402 miles; and extension 142
miles, Johnsonvillo lo Columbus, Miss., In progress. Oper itedinthe
Rich. A West Point Ter. system. TheR. A D. gives a traffic guarantee
of 20 per cent on Joint business to pay coupons if needed, but the coupons may lie held as a lien. In Nov., 1888, it was proposed to lease this
road to the Richmond A Danville for
years- The capital stock is
$8,485,000; par $100.
There are $348,000 6 per cent oar trust
notes, payable 10 per cent yearly, and $50,000 other notes outstand
The 2d consol mortgage (trustee. Central Trust Co.) secures
tog.
* .lon.i.oo 2d mortgage bonds, Had alio, subject t«.
these, $:>.
400,000 2d mortgage non-cumulative incomes, both issued at
$9,000 per mile. From Oct. 1, 1887, to July 31, 1888 (10 mos.), gross
earnlUKB wore $1,084,848, against $910,950; net. $300,843, against
$825,. 27. In 1886-87. gross earnings were $1,159,855; net over expenses and taxes. $396,377 surplus over interest, $184,817.— (V. 45, p.
791; V. 46, p. 320, 511; V. 47, p. 563.)
;
—
..
;
Georgia Railroad A Banking Co.-Augueta,
Ga.. to Atlanta,
miles; brandies to Washington and Athens, 60 miles; Warrento Macon. Ga., 76 miles; total owned and operated, 307 miles.
The Western Railway of Alabama Is controlled jointly with the Central
KK. of Georgia, this company holding one-half the
of $3,000,000
The Macon A Augusta RR., 76 miles, is owned by stock
this
The
A£ g,i 8i*.RK -i? owned one-fifth part by company.
this company;
*1
" 1 thirty -five one hundredths by this company
?
.99 years was made to W. M. Wadley and
.^.iP/H' J™ V. 5 ' ca8e1.'"lor
1 of °o orKla and the Louisville A Nasliville
JStr^ilr*.!
LiSf/SS?*per
railroads,
at $600,000
year, pi-yable semi-annually, and dividends
r cent quarterly. Deficit to these coiupauies in 1884-85
on tho
«a. 171
ton.
li
(, a.,
i^A%S?*i
lA^i^tJ^
"'
1886-87. $110,909. In 1887-88 not Income from
'
onT^L TSSiSSSi
Un8 b,
*671 459 leavln K a8arPlU8 of $75,5U0
Ili^^rtV..^
SklWa,,
above
all charges, Including
10 per cent dividends.- (V. 46, p. 245.)
Georgia Southern' A Florlda.-In operation from Maoon to
'
!
s
'
,
'
RR.. 86 miles; Traverse City Railroad, 26 miles; Bay View Little
Traverse A Mackinaw Railroad, 6 miles
Muskegon Grand Rapids A
Indiana RR., 37 miles—155 miles. Total, 559 miles.
The Grand Rapids A Indiana Railroad is operated in the interest
of the Pennsylvania Railroad Co., and $4,000,000 of the first mortgage
bonds were guaranteed by that company, which has bought the coupons
when any remain unpaid by the earnings. First mortgage land grant
bonds may be bought (not dsawn) at 1 10 o ut of proceeds of land sales.
Ihere was in the sin ting fund for them Jan. 1, 1888, $1,599,737 cash
and bills receivable. They are replaced by 5 per cent bouds issued.
The Muskegon Gr. Rap. A Ind. bonds have a trafflo guarantee applicable
to their interest payment. Penn. RR. ownsall 2d mortgage and $419,000
consolidated bonds. Besides above indebtedness there is the so-called
Maokinaw loan for $275,000, and real estate mortgage tor $56,000.
The Co. bas a land grant, and sold in 1887 21,237 acres, for $411,218.
The lands un 80 id on Jan. 1, 1888, were 392.573 acres. The assets were
$553585 bills receivable and $1,046,151 cash.
The income accounts of Grand Rap. A Ind. proper for four years were
;
as follows:
INCOME ACCOUNT.
1884.
2,116,?99
613,720
567,602
Grosa earnings
Net earnings
Total disbursemts...
sur. 46,118
Balance
-(V. 46, p. 134,254.)
1885.
1,946,143
603,715
744,413
def.
1886.
2,098.127
760,593
746,406
1887.
2,301,901
850,533
722,246
140,698 eur. 14,187 sur. 126,287
Bay Winona A
St. Paul.—Owns from Green Bay, Wis.,
Green
to Marshland, Wis., 209 miles; branches, 10 miles; leased— Plover
to Steven's Pt, 6 miles total, 225 miles. This was a reorganization in
1881 of the Green Bay A Minnesota, which company made default and
the road was sold March 12. 1881. Preferred stook is $2,000,000, and
entitled to 7 per cent when earned, aud common stock $8,000,000,
both stocks $100 shares. On Feb. 1, 1885, default was made on the first
mortgage interest, and in 1886 bondholders consented to fund the three
overdue ooupons and the company resumed paymeut of interest on
August 1. For 1886-87 gross earnings were $124,131 net, $113,0 J5;
taxes and interest, $111,223. In 1887-88, gross. $354,774: net. $59,316.
Samuel Sloan. President, New York.-(V. 46, p. 254; V. 47, p. 5o3.)
;
:
A
Santa Fe.— (See Map)— Mileage as follows: GalGulf Colorado
veston to Purcell, 517 miles; Alvin to Houston, 26; Soiuerville to
Conroes, 74< Temple to Coleman and San Angelo, 233; Cleburne to Paris
and Dallas, 154; Cleburne to Weatherford, 42: branch, 12; total
Sept., 1888, 1,058 miles. Road was sold and reorganized April 15,
1879. In April, 1886, the stock of this company was exchanged for the
stock of the Atch. Top. A Santa Fe RR. Co., and the two proiierties thus
consolidated. See V. 42, p. 630; also abstract of morts in V. 45, p. 241
In 1887 gross earnings were $3,608,550; net, $1,0 '5.168; surplus
over fixed charges, $32,443. In 1886, gross earnings, $2,5:i6,461; total
net receipts, $835,365; surplus over interest, $72,705. -(V. 45, p. 241,
342, 878; V. 46, p. 134.)
Ship Island.—This road is under construction 2>s miles
Gulf
west of Mississippi City at Gnlfport, a new town owned by the company, to a junction with the Memphis A Charleston just beyond the Mississippi line. The tota' length of the road, as projected, is 350 miles, of
which 63 miles from Middleton, Tenn., to Pontotoc, Miss., is in operation,
and about 77 miles to oonuect with the New Orleans A Northeastern at
Hattiesburgh In progress. Both mortgages cover laud acquired trustee, Manhattan Trust Co, The bonds are held by the Construction Co.
N Y. Office, J. B. Dumont, 40 Wall Street.
till road is fluiahed.
Hannibal St. Joseph.— Owns from Hannibal, Mo., to St. Josepn.
A
;
.
A
206 miles; branohos— Cameron to Kansas City
to Atchison, Kans.. 20 miles; Palmyra to Qalncy
2 miles; total operated. 295 miles.
Mo.,
The Bridge across the Miaaouri River
at
54 miles;
III.,
Kansas City
St.
Joseph
13 miles; leases,
is
owned.
Stock -Common, $9,168,700; preferred, $5,083,024; par $100. C. B.
Q. RR. Co. owns the greater part of both olasses of stook, and also
¥9,000,000 5 percent de Dentures.
Preferred stook has prior right to a non-oumulative dividend ot 7 per
cent; then common to 7 then both share. Iu Dec, 1887, a 7 per oent
dividend, the first for some years, was paid on pref. stock. Fiscal year
ends D«c. 31. The income accounts nave shown a surplus over all
charges of $397,562 In 1887 $68,210 in 1886; $506,152 iu 1885.
A
;
;
Harrlsbnrg Portsmouth mount Joy
A
Lancaster.—Owns
Dillerville, Pa., to Harrisburg, Pa., 36 miles; branoh, Middletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property was leased to the Pennsylvania Railroad Co. for 999
years from Jan. 1, 1861, the rental being 7 per cent on the stock and
Interest on the bonds. Stook $1,182,550; par $50, Operated as a part
from
of
main
line of
Pennsylvania Railroad.
1888. J
U#£f
November,
RAILROAD STOCKS AND BONDS.
S\T
V
*»
/
/ .•*
1
I
1
1
*
~%?<\iK*)}
l/\
3»
INVESTORS'
60
SUPPLEMENT.
[Vol.
XLVIL
Subscriber* will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
Bowls— Prinol
INTEREST OR DIVIDENDS.
DESCRIPTION.
pal. When Due*
Miles Date Size, or
Amount
Payable, and by Stocks— Last
Par
of
of
For explanation of column headings, Ac, see notes
Outstanding Rate per When Where
on tint page of
Ko;ul.
tables.
164
164
164
74
74
Eousalonic—Stock
Preferred stock, 4 per cent non-cumulative....
e*
Hew consoL mort. (for $3,000,000)
2d mort. bonds of 1869
Consol. mort., not payable till 1910
74
r
Consol. mort., 10-308, payable In 1890
Rolling stock certificates
192
Bout!. Hast <* West Texas.— 1st M., gld ($7,000 p. m.)
192
2d mort., land grant
345
Houston <t Texas Vent.— 1st M., (main) gold, l.gr.,s.t
to
Austin)
119
1st mort., 1. jit., West div. (Hempstead
58
1st M. gold, Waco * N' west (Bremond to Ross)
Western
Div,
464
Consol. mort., land grant, Main and
522
Gen. mort., gold (for $18.500,000)
64
BuuCffd'uitBr'adTop— 8fk $1,985,600 ls7p.0'tpref.
64
1st mortgage, gold.
64
2d mortgage, gold
64
3d mortgage consolidated
IKtiioi* Central-Stock
1,953
Leased line 4 per cent stock, guar
706
Mortgage bonds, sterling
706
8terllng bonds, (s. fd. £20,000 drawn yearly) ..c*
706
Mortgage, sterling, bonds of 1905
o'
706
Mortgage bonds, gold
0*
706
Mortgage bonds, gold
Trastbondssterl'g,(seouredbyCh.8.L.AN.O.cons.)
iii
1st M. onCh. * 8». RR. (Oilman to Springfield)
131
r
Bonds, mortgage on Middle Dlr
Collai. trust b'ds, gold (for$15,000,000) $ A *...c*
224
Ohio. St Louis AN. O., 2d M. (N. O.J.A G. N.)....
,
.
1st mortdo
do
2d mort
do con8.M..gId.(for$18,000,000)
do
do
do
567
567
567
Bonds
1887
I860
1880
1880
1881
1878
1883
1866
1870
1873
1872
1881
1854
1857
1865
Value.
$782,500
2,360,300
1,000
2,230.000
500&c.
BOOAc.
1,000
1,000
1,000
1,000
60
500
500
1,000
100
100
£200
*200
1875
1874
1875
1886
1886
1886
1878
1881
1885
1860
1877
1877
1881
.£200
1,000
1,000
£200
1,000
1.000
500&C.
1,000
1,000
1,000
1,000
Potomac. Owns from Bowmansdale to Shippens
Harrisbnrg
burg, Pa., 32 miles; branch to mines. 5>a miles; total operated, 37>t
miles. Bonds authorized, $1,800,000. Stock $379,165; par $100. Austin
Corbln, President, Philadelphia, Pa.
Hartford Connecticut Western.— Hartford, Conn., to RhineCliff, N. Y., 108. Foreclosure suit was begun in 1880 against the former
Conn. West., and the State Treasurer took possession. On May 25, 1881,
bondholders reorganized, and stock in new company issued for bonds.
In March, 1882, the purchase of the Rhinebeok A Connecticut Railroad
was made. In August. '87. Jas.W. Husted, of N.Y.,waselected President.
A controlling interest in the road is reported to have been purchased by
parties interested in the Po'keepsle Bridge, by which it will form an allrail route across the Hudson River. Sept. 30, 1887, there were still
outstanding $119,000 C.W. RR. 7 per oent bonds, due 1900, convertible iuto stock at 60 per cent, on which no interest is paid. Stock is
$2,600,900, par $100. In year ending Sept. 30, 1887, gross earnings
were $i50,484; net, $108,796; surplus over charges, $65,848. Gross
In 1885-86, $348,964; net, $93,975; surplus over interest, Ac, $55,027.
—(V. 45, p. 166, 212, 239, 642; V. 46, p. 228; V. 47, p. 21.)
Hoasatonic—Owns Bridgeport, Conn., to State Line, Mass., 74
miles; Brookfleld June, to Danbury, 6 miles; leases— Berkshire Railroad,
21 miles; West Stockbridge Railroad, 3 miles; Stockbridge A Pittsfield RR., 23 miles; Danbury A Norwalk RR., Danbury to Wilson, Conn.,
27 miles, and branches, 12 miles; total operated, 166 miles. The preferred 8 per cent cumulative stock Issued In 1845 was retired in 1887 by
an issue of new 4 per cent non-cumulative preferred stock, 100 psr
cent in the same stook or a $100 'jond being paid for the p ist-duc
dividends. Common stock Is exchangeable for the same new pref. on
such basis as the diieotors may offer. The consol. 5 per oent mortgage
for $3,000,000 was issued to effect these Changs, and $,)70,000 bonds
are held to retire old debt. There are also $70,000 5 per cent Danbury
branch bonds due October 1, 1912, redeemable after 1892. In Sept.,
1886, the Housatonlc leased the Danbury A Norwalk RR. for 99 years.
Fiscal year ends Sept.30. Operations and earns, have been as follows:
Passenger Freight (ton) Gross
Net
Div. *
Years.
Mileage.
Mileage. Earnings.
Earnings. Rentals. Pref.
1884-85..
8,835,567 14,390,424 $145,859 $249,632 $74,102
5
A
.
9,890,020 17,296,373 690,016
188546..
240,610
74,100
6
1886-87.
15,737,214 21,757,014 932,550
380,253 170.022
3
—(V. 45, p. 53, 472, 672, 856; V. 47, p, 442.)
Houston East
West Texas.— (Narrow gauge, 3 feet.)—Owns
from Houston, Tex., :o Sabine River at Logansport, 192 miles, and
connects there with a line to Shreveport, La. The oompany had a Texas
land grant of 10,240 acres for each mile constructed and equipped.
Bonds issued to the extent of $7,000 per mile first mortgage and $5,000
per mile second mort .cage, but the 2d mortgage bonds were not sold
and arc held as collateral for tbe debt due Mr. Bremond, $750,000
Stock authorized, $10,000,000; issued, $1,920,000. In July 1885
G. Howe was appointed receiver. Interest Is in default, and several
propositions have been made to bondholders. S*e V. 44 p 244 V 46
p. 352 and 609; V. 47, p. 200, 381. In 1887 gross earnings" were $361.'"~
820; net, $106,446. (V. 45, p. 792
V. 46. p. 352, 413, 609, 650; V.
47, p. 188,200, 381.)
HotiNton A Texas Central. (See map of Southern Pacific.)—Owns
from Houston, Tex., to Red River City, Tex., 345 miles; branches
—Hempstead, Tex., to Austin, Tex., 118 miles; Bremoud, Tex., to
Boas, Tex., 57 miles; total operated. 520 miles. Texas Central RR
completed from Ross to Albany, 177 miles, with branch, Garrett to
Boliert, 52 miles, Is operated in connection with this road, but acoouuts
6
8 1 116
Tq6 °° m Pany has a land grant from the State of Texas
.?
of 10,2 40 acres per mile, amounting to about 5,130.720
but the
Unds are not on the line of the road. Mr. Morgan, of acres
the Louisiana
Bteamship Line, bought a controlling Interest in the stook, and in
88 3
,0 8o th0 n
pft rty Pleased this interest
raf'oa¥tnn „ f '.hi .f {J, S £?°.inoPurchase
of the Morgan property.
Etal stockl.r$7*726,«w.
B G- Olark and Chas. Dillingham were appointed
™?*;
•JSiv^™"^';
MMdven. Sale of tho road was made Sept. 8, 188 <, to the reorganization committee (see V. 47, p. 327) and under the proposed
plan of reor
Sanitation interest charges win be about $960,0o0 per year All
the*
existing mortgage* to be foreclosed an! a new oompany
organnr8
In r,* ag9
bondholders of all the divisions to
lS5iv« ft«.
™,
?
K
receive
per
bond
$50
bonus in cam and payment of ba k
to Jai
*"* new «™ per™e " 50 year
'
2 P 0CUre<f by 1887lngle
n(l
^engage on tie entire railroad
* 1
? ..° iln5
la n<l8 now op™"*1 "y «•>"> existing first mortgages.
Tne
2?n Ji 'f..1 1 r
< nd
nion «»5 e bondholders to receive %180 per
,
honrt^tt
?
,
?
,.?!?
{
bond In 6 per cent debentures and new six per crntgold bonds
drawi c
Interest from October 1 1887. secured by a second
m ,r?gugo
gen*
m r,
bondholders to receive n-w general mortgage gold bonds
hT?H S ?" g " 1
06 " 1 '"j*™" '"»» October 1, 1887, and $120
per
hSfM^/r™.
Ur V
cen ,le_i'*n" re bonds. Tin general mortgage Is
•?£»... .V.
n 7, e r<
nd 1 to be further secured by tl ,
d>Dorftil^.« t .,S, S^{.o
.
1 149
f
e n6w 86cond or consolidated
°.
l»n*.^TiV*
U m «
b
o\«{o'oXor:, life ffieSSSE
<
h
e*,ment ° f (
P
" Per'oeuCand^Te^elrpro
Sire of ,„. "e w*. to^
.
A
M
•
:
T .^
-
;
.
.
-
m
%&*&
/£
K
.
.
^,
™
L
^
P^ulX^»^new ^k^%,ni
t£
|
SKJ
'
8
.lSg^A^f?rfoVyea rs1'
t,,n ' ,,t0
'
Wn ^'
1,344,000
750,000
6,154,000
2,271,000
1,140,000
3,980.000
4,325,000
3,354,700
416,000
367,500
1.497,000
40,000,000
10,000,000
2,500,000
3,850,000
1,000.000
1,500.000
2.496,000
5,000,000
1,600,000
968.000
10,500,000
1.480,000
1,397,000
80.000
15,037,000
1,000
1,000
1,000
—
A
300,000
100.000
300,000
200,000
500,vc.
Whom.
Payable
Cent.
$100
100
Dividend.
....
5g. M. A
A
A
A. A
5
5
J. A
7g. M. A
6
J. A
7 g. J. A
7g. J. A
7g. J. A
A. A
8
6 g. A. A
2isonpfd J. A
7 g. A. A
7g. F. A
A. A
5
3i9
M. A
2
J. A
6g. A. A
5g. A. A
5g. J. A
4g. J. A
3iflg. J. A
3>sg. J. A
J. A
6
F. A
5
4g- A. A
A. A
8
M. A
7
6
J. A
5 g. I. A
6
J.
4
A.
N
N.Y.. Farmers' L.AT.C0 Nov. 1, 1937
Bridgeport, Office.
July 1, 1889
April, 1910
do
do
April 1, 1910
O.
do
do
J.
do
do
July, 1889
N. Last coup'n pd.May, '86
1898
J.
0.
J.
J.
J.
J.
O.
O.
J.
O.
A.
O.
S.
J.
O.
O.
D.
J.
J.
J.
J.
A.
O.
O.
N.
D.
D.
1913
1891
1891
1901
Oct. 1, 191S
April 1, 1926
Philadelphia, Ofhoe.
July 23, 1888
do
do
Sept. 30, 1890
do
do
Feb. 1. 1895
do
do
April 1, 1895
N. Y., 214 Broadway.
Sent. 1, 1888
do
do
July 1, 1888
London.
April 1. 1895
London.Morton R.A Co April 1. 1903
do
do
Dec. 1, 1905
New York. 214 B'dway. Jan. 1, 1951
do
do
Jan. 1, 1951
London.Morton R.A Co. July 1,1950
N. Y., 214 Broadway,
Jan. 1. 1898
do
do
Aug. 1, 1921
do
do
April 1, 1952
do
do
Oct. 1, 1890
do
do
Nov. 1, 1897
do
do
Deo. I, 1907
do
do
June 15, 1951
Jan.
Last paid July,
Last paid July,
Last paid Jidy,
Last paid Oct.,
Last paid Oct.,
1885
1885
1885
1834
1884
July
July
July
1,
1.
1,
1.
EARNINGS, EXPENSES AND CHABOES FROM 1881 TO 1887 INCLUSIVE.
1884.
$2,547,817
Gross earnings
Expenses—
Operat'g, lncl'g taxes. $1,578,190
Extraordin'y rep's, &o
649,699
Equipment
92,221
Total
$2,220,110
$327,737
Net earnings
-
(V. 45, p. 437, 642,
V. 47,
p.
1885.
$2,739,915
1886.
1887.
$3,080,7d6 $2,896,999
$2,052,377 $2,311,205
77,192 \
^ fi „,.
8,8^4
82,989 5
$2,501,502
216,163
$2,212,559
$527,356
$2,717,865
<
$2,390,039
$89J,757
$179,131
727, 792, 820; V. 46, p. 191, 289, 537. 573, 609;
50, 327.)
Huntingdon A Broad Top.—Owns
from Huntingdon, Pa., to
Mt. Dallas, Pa., 45 miles brancnes—Shoup's Run, 9 miles
Six Mile
Run, 4 miles; and Sandy Run, 3 miles; Long's Run Br.. 3 miles;
total operated, 64 miles. Thecapital stook is $1,369,100 common and
$l,98S,6t)0 7 per cent pref. stock; par, $50. There were also. Dee. 31,
1387, $99,966 car trusts. In February, 1884, a dividend of 75 cents
per share was paid on pref. stock, In July, 1887, 2 per cent, and
Jan. 31, 1888, 2>s per cent. There is outstanding $121,181 of 7 per
cent scrip due December, 1839. In 1837 gross earnings $435,426; net,
$260,425. In 1886, gross, $379,875; net, $222,736. (V. 46, p. 190.)
;
;
Illinois Central.— (See Map.)— Line of Road— On Deo. 31, 1887>
the mileage was Chicago to Cairo, 365 miles East Dubuque to Centra lia, 341 miles; C. St. L. A N. O. RR., Cairo, 111., to New Orleans, La.,
547 miles; branohes— Otto to Normal, 111., 79 miles; Buckingham to
Keuipton Junction to Kankakee June, 111., 45
Tracy, III.. 10 miles
miles Oilman to Springfield, 111 miles Park Site to South Chicago, 2
miles Champaign to Havana, with branch Monticello to Decatur, 130
miles; West Lebanon, Ind., to Leroy, 111., 76 miles; Durant. Miss., to
Aberdeen, Miss., 108 miles; Jaokson to Parsons, Miss., 115 miles;
Schula to Durant, Miss. 24 in.; total owned and operated Dec. 31, 1887,
Since completed Chicago Madison & Northern, Free1,953 miles.
port, 111., to Madison, Wis., and Chicago to Freeport, about 170 miles
Cherokee A Dakota, Cherokee, la., northward to Sioux Falls, and southward to Onawa, 155 miles; Cedar Rapids A Chicago, Manchester, Ta.,
to Cedar Rapids, 42 miles; total, 367 miles. Ou Oct. 1. 1387, tbe Dubuque A Sioux City and Cedar Falls A Minn., and the Iowa Falls & Sioux
City, leased roads, were surrendered, and their earnings no longer in
eluded in the Illinois Central's.
:
;
;
;
;
;
,
:
Organization, Leases, Ac— This company was chartered in Decem1850, and organized in March, 1851. The lands granted were
upon the condition that the company should pay to the State 7 per
cent of gross earnings yearly In lieu of taxes.
The leased lines In
Iowa were acquired in 1837 by purchase of a controlling Interest In
their stock. The oompany acquired a controlling interest In the Chlo.
St. Louis A New Orleaus Railroad, and leased it from July 1, 1882, for
400 years, at 4 per cent per annum on stock, and issued the above 4 per
cent leased line stock lu exchange for the Ohio. St. L. & N. O. stock.
Fiscal year ends December 31. Annual election held in March.
Stocks and Bonds— The 4 and 3iaper cents due in 1951 were Issued
under the main line mortgage of '74. On the Chic. St. L. A N. O. the lessee
guarantees the principal and interest of all the outstanding bonds prior
to the 5 per cent bonds, ami by an endorsement ou the latter bonds
guarantees the payment of the Interest on the same until the principal
is paid.
Of the first mortgage bonds, $511,000 are a prior lien on
that portion of the road In Tennessee. The trust bonds of 1836 are
secured each urn by adeaosit of a $1,000 bond of the Chic. St. L. A N.
O coiisn 5 p. o. mort. and they also have the agreement that they shall
be secured by any future mort. that may be issued on the 111. Cent, lines.
The collateral trustbondsof 1952 are for an authorized amount o'
$15,0.0.00,1, and secured by pledge with the (J. S. Trust Co. of N. Y.
of $16,350 000 5 per oent 1st mortg. gold bonds of subsidiary railroads as follows: Canton Aberdeen A Nashville, 83 miles, $1,750,000
ber,
I.
;
Miss. Valley, 140m., $i,8OO,O00; Chicago Havana A Western,
131m., 2,500,000; Rantoul, 75m., 1.000,000; Cedar Riplds A Chicago,
42m; $330,000, Cherokee
ikota, 155m., $3,100,000; Chic. Madison A Northern, 225 m, $4,370,000; total, 850 miles; $16,350,000.
Dividends paid since 1870 (prior to current year) have been: In 1871,
10 per oent; in 1872, 10; in 1873, 10; in 1874, 8; In 1875, 8; in 1876,
8; in 1877,-4; in 1878,6; in 1879. 6; in 1880, 6: in 1881, 7 ; in 1882,
7 in 1883, 8 and 17 per oeut in Chlo. St. L. at N. O. stook, exchangeable
for leased line certificates; lu 1834, 10; In 1885, 8; In 1836, 7Hi; In 1887
and 1883, 7. Prices of the stook yearly since 1870 have been: In 1871,
132® 1391* i n 1872, 119*140; In 1873, 90 31261a; in 1874, 90 3>108"4;
in 1875, 88>s »106»s; in 1876, 60 78 *103%; in 1877, 40H1379; in 1878,
723s»87; in 1879, 79 14»100%; in 1880, 99ia3127:>8; in 1881,1249
1461s; inl882, 1279131501s; In 1883, 124*143 in 1884. 1103140;
in 1885. U9>*3140; in 1836. 13031431a; in 1887, 114*138; In 1888
YazooA
AD
;
;
toNov. 16,lncl., 11431231a.
Operations and Finances.—The company, to extend its easiness,
aoqulred the line from Cairo to New Orleans, and invested largely in
*«»nnento. interest improving the property, and In 1837 acquired the leased lines In Iowa
by purobase of their sto»*i.
ma
NOVWCBKK,
RAILROAD STOCKS AND BONDS.
1888.]
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1 1
1:
ILLINOIS
CENTRAL
R. R.
iATTD COJfNKCTIONS.
—
co
:
.
:
,
SUPPLEMENT.
INVESTORS'
62
any error discovered In these Table*.
Bonus— PrlnclINTERBST OR DIVIDENDS.
pal.When Due.
Subscribers will conifer • .treat raTor by KlTln* Immediate notice of
DESCRIPTION.
For explanation of column headings,
on first page of tables.
Illinois
•* St.
Ac., see notes
Louis— 1st mortgage
Date
of
of
Oarondelet moit., guar
Indiana Illinois <t Iowa— Bonds, extended
2d mortgage
<t
Amount
Outstanding
$500
$200,000
300,000
000,000
341,000
19 1875
6 1880-2
120 1882
120 1883
153 1876
153 1888
153 18S8
153 1883
72 1869
72 1882
117 1867
117 1870
1888
1888
184 1869
38 «s 1876
38 >s 1877
54 1880
112 1882
120 1888
52 1886
17 18*7
o'
r
•.-.-•"•"/
Indianan. Decatur
Size or
par
Road. Bond* Value.
o'
*
Venioe
MUM
Western— I.D.A Sp.lst M.,g.s.f.
g„ ($1,800,000 reserved).
1st M.,fnr $1,942,000,
2d M., (income non-rum. till Jan., 1893)
r
Income bds., nou-cum., drawn at 100
Indianapolis A St Louis-lBt mort., In 3 series.. .0
I.)c
by
C.
C.
A
(end.
C.
gold,
for
$2,000,000,
Mort
Indianapolis d Tincennes- 1st mortgage, guar....o
c
2d mortgage, guaranteed Perm. Co
Iowa fentral— 1st mortgage for $7,050. 000, gold o*
red
at
100
Into
pfd.
st'k)
Moon.
oer.
$1,379,62
Debt
Imca tails it Sioux Oily— lit mort.. J
.
1,000
1,000
500
Kate
I'er
6
A D.
Various
6
6
M.
M.
8
l g
142.000
1,213,000
Wben Where Payable, and by
Whom,
J.
-
A.
A.
AN
A N.
A O.
A O.
A J.
5 K- J.
Oct. 1
10
7
795,000
2,000.000
Stocks— Last
Dividend.
Pay'ble
Cent.
1.S00.0O0
1,000
1,000
1,000
1,000
1,000
1,000
500 4c.
1,000
1,000
ivou xlvii.
500,000
Boutmen'SjBk. Jone 1, 189S
1900-'02
.St. Louis,
do
do
N.Y.,Lockw'dBros.AH.
None
At
will.
Nov. 15, 1903
July 1, 1906
paid.
N. Y., 1st Nat. Bank.
New York. Oftico.
1st coup, due July,18j3
Oot.
1,
1,
Jan.
Drawn
Various N.
M. A N.
Union Trust Co.
do
do
V.,
July
Nov.
1947
1948
at 100.
1,
1,
1910
1912
A A. N. Y., Farm. L. A T. Co Feb. 1, 1908
M. A N.
do
do
May 1, 1900
6
New York City.
June 1. 1938
J. A D.
int. nil!
At option.
N.
Y..
Park"
Bit.
B'ld'g.
A.
A
O.
Oot. 1. 1917
2,800.000
7
500 Ac
1906
J. A D. N. Y., Ill William St.
Dee.,
100
4
,Vo.
400,000
(7)
mort.(for
$500,000)....
West.—
1st
Auburn
*
Ithaca
Never paid.
Jan. 1, 1907
J. A J.
498,090
7
100 Ac.
2d mortgage
J. A J. N.Y.Am.Ex.Bk.A Phlla. July 1, 1910
300,000
6
1,000
o*
Jacksonville Southeastern—1st mortgage
July 1, 1912
do
do
6
J. A J.
1,115.000
1,000
o*
General mortgage
do
Mar. 1, 1928
do
5g. M. A S.
1,500,000
1,000
Cbio. Peoiia A St. L. RE.. 1st M., ($12,500 p.m.)o*
J.
do
do
Jan. 1, 1916
J.
A
516.000
1,000
Lltohneld Carroll. A W. RR., 1st ($10,000 p.m.) o*
do
Oct. 1, 1927
247,000
1,000
t* A. A O. N. Y. do
o*
Louisville A St. Louis RR. Co
Mercan.
Trust
Co.
Jan. 1,1914
J.
A
J.
1,5G6,000
6g.
1,000
Jacksonville Tampa it Key rFe«<— lst.gold.rtd.at 110 130*3 1884
3-4-4 is
1898
1888
...
m
Colhit. Tr. loan on Fla. So. stock and bonds
N.Y.L.E.AW.RR.
1889
A 1927
J.
N.Y.,
4>«
J.
A"
300,000
A7
1,000
9 1867
Jefferson (I'a.)— 1st A 2d morts. (Hawley Branob)
Jan. 1, 1889
do
do
7
J. A J.
2,000,000
1,000
37 1869
1st mortgage (SuBquehanna to Carboudale)
Jan.
1909
do
1,
A.
O.
do
A
5 g1.000
37 1889
New m., rcfund'g, $2,800,000. to be out Jan.1,'89
2,53.i,000
A. A O. N. Y., Farm. L. A T. Co, Oct. 1, 1906
7
1,000
159 1866
Jeff'villeMad.itlnd.— lstM.(s.f.$15,00o,drnatll0)c
July
1910
do
do
1,
J. A J.
7
1,000
1,995,000
159 1870
2d mortgage
Jan. 1, 1903
Jersey City.
J. A J.
258,000
7
1873
1,000
o
Jersey OUy <t Bergen —1st mortgage
July
N.
Y.,
Farm.
L.
A
T.
Co
10,
1907
J.
7
J. A
800.000
1,000
44 1877
Joliet it northern Indiana— 1st M. guar, by M. C.
July 1, 1907
4*9
3-6
J. A J. Phila., 233 80. 4th St.
425,000
1882
1,000
Junction ( Philadelphia). 1st mort. (extended)
1900
do
April
do
1,
3-6
6
A. A O.
300.000
1865
1.000
2d mortgage
of
line
Nov.
the
mam
For 1887 the annual report was in V. 46, p. 3G8, 380, 382. The profits Division and branohes was made Sept. 17, 1887;
F.
1,700.000
1,450,000
.
.
—
. .
.
18*7.
2,355
and of the Illinois division Maroh 17, 1888. Trustee of 1st mortgage
Mercantile Trust Co.
From Jan. 1 to Sept. 30 in 1888 (9 months) gross earnings were $989,833, against $950,749 in 1887; net, $51,012, against $57,401.
The fiscal year ends Deo. 31. The Income account has beeu as follows
$
$
2,529,632
8,332,151
l,bo7,711
2,785,408
9,034,863
1,726,017
INCOME ACCOUNT.
shown in the figures below
OPERATIONS AND FISCAL RESULTS.
Of the whole line are
9,
1886.
2,149
1884.
2,066
1885.
2,066
Freight
Kail, express, Ao...
2,749,940
7.902,043
1,538,850
2,852,429
8,145,920
1,022,905
ToLgross earnings.
Operating expenses.
12,190,833
6,128,512
12,621,264
6,626,629
12,529,494
6,540,704
13,546,288
7,310.941
Net earnings
P.o.ofop.exp.toearn
f,062.321
5,994.635
52-50
5,988,790
52-20
6,235,347
B'dop'rat'dDec. 31.
Earnings—
9
Passenger
Balance
5027
53 97
Excluding rentals and taxes.
p. 142, 509 V. 46, p. 368, 380, 382, 771; V. 47, p. 327.)
Illinois A St. Louis.— Owns Belleville to East St. Louis, 111., 15
miles branches to coal mines, 4 miles total owned, 19 miles; leuses
Venice A Caron. RR., 6 miles (and guarantees the bonds) total operated,
25 miles. Capital stock, $900,000 preferred and $617,000 common;
par, $100. In year ending June 30, 1887, grosa earnings were $204,406; net. $98,247; surplus over all interest, $48.984 in 1887-8 gross
were $235,307; net, $103,176 surplus over fixed oharges, $57,698.
Jos. W. Branch, President, St. Louis.
Iowa.—Completed and in operation from
Indiana Illinois
Btreator. 111., to Knox, Ind., 120 miles. Stock. $3,598,000. Holders
of first mort. bonds due Nov., '87, agreed to an extension, subject to oall.
In year ending June 30, 1887, gross earnings were $188,704
net,
42,893; surplus over charges and improvements, $1,052.
Gross in
?885-6,
$123,089 net, $22,568. F. M. Drake, President, ContreviUe, la.
*
—(V. 45,
;
;
;
;
;
;
A
;
;
Indianapolis Decatur
A
Western. —Owns from
Indianapolis,
Ind.. to Decatur, 111.. 153 miles.
It is contemplated to extend the road
to a connection with other important systems. This company
Is successor to the Ind. Dec.
Spring. RR., sold in foreclosure May 25,
1887. The capital stock is $1,000,000. Of the new 1st mort. bonds,
enough are reserved to 1 etlre the old I.D. A S. lsts, which are subject
westward
A
to a sinklug fund of $40,000 yearly, dependent upon earnings. The 2d
mort. 5s are non-cumulative income bonds for five years, interest payable only if earnings more than suffice to meet prior interest oharges
and sinking fund payments of lud. Dec. A Sp. bonds. Trustee of 1st
and 2d mortgages, Farmers' Loan A Trust Co. The income bonds are
also subteet to said sinking fund charge. N. Y. OlHce, 2 Wall St.— (V.
45, p. 239, 272, 856, 886 ; V. 46, p. 38, 404, 449, 538.)
Indianapolis
St. Louis.— Owns from Indianapolis to Terre
Haute, Ind., 72 miles; leases jointly St. L. Al. A T. H. main line,
193 miles; total 265 miles. On July 28, 1882, the road was sold in foreclosure for $1,396,000 (subject to 1st mort.) and bought for Clev. Col.
Cin. A Ind. Co. and » new company organized September, 1882.
Mr.
J. D. Layng is the President, A new lease was made of the St. Louis
A
Alton A Terre Haute by which this company and the Cleveland Columbus Cincinnati A Indianapolis are Jointly liable for the rent of $450,000
per year as a minimum. Of the first mortgage bonds series "A" are
J. A J. ; series "B." M. A 8.
series "C," M. A N. ; and the C. C. O. A I.
RR. guarantees $750,000 of them. Stock, $500,000 (par, $100), the
voting power being held for C. C. C. A I.
There has been a large defloit on the company's operations after deducting the reutal. Net earnings In 1887 wore $538,338; rental paid
$450,000; Interest on bouds, $170,000 miscellaneous, $126,075 total
•746,073 net loss to lessee lu 1887, $207,737 ; deficit in 1886, $324
990. The road is only Incidentally of advautage to its owners as a
route to St. Louis. Operations and earnings for three years past were
Passcnge Freight (ton)
Gross
Net
Miles.
Mileage.
Mileage.
Earnings.
Earnings.
1883..
265 20,596,678 216,121,867 $1,855,903 $249,249
1886..
265 21,017,157 177,844,510
1,876,495
444.513
1887..
I
25,118,045 205,617,923
2,237,551
538,338
Indianapolis
Vlncennes. -Owns from Indianapolis, Ind
to Vlncennes, Ind., 117 miles; branch, Bushrod to Dugger, 12 miles;
total, 129 miles. The Penn. Co. owns a controlling interest in the
stook
and operates the road, advancing the deficiency to pay interest on the
bonds. The capital stock Is $1,402,000; par, $50; due Penn. Co
Deo
81, 1887, $1,758,308. In 1887 deficit under expenses, $20,828. Annual Interest on debt, $206,000.
;
;
;
;
1
Ism
M
A
^^
OW ?,
n
Central.—Owns from
Albla,
to Northwood, la., 189
miles; Oskaloosa to I .wa Junction, 184 miles; Grlnnell
A Montezuma
lnlIo
Story Clt V Brau oh,36 miles; State Centre Branch, 28
o
..
A
miles
BelmondS Branch,
22 miles ; Newton Branch, 28 miles
leased,
Manly Junction to Lyle, 20 miles, and tracks at Mississippi River,
3
wa Junction,
u, Peoria, 111., 3 miles (leases to
V
*u% ^' MBul r Junction to Northwood,
J
12 miles) ; total
k^-71*
Ki-T
.,
Opt rHI> (1, Da*
1
IUU66.
of Iowa and opened In 1871. Reorganized
—SttfJrT? "*aCentral> RR18 7
ft " r 'nrecfosuro sale under first .nor"
5a£? In fl£ ~J,F ,«
fl
,
—
1884,
default
--•
was
••
made
wouo in
»*• payment
of Interest,
01
niis-resr, arm
and
iqbq company
a-,..* uit-iii
„„ _
1888
reorganized under pre^ent title according to plan
stated
««d In CUKOM0U5, V. 44, p. 053.
Foreclosure sale of the Eastern
2^°S»M
:
'
;
n^k
la.,
;
1%
m
U
m
{^^uO^ber^
^ ™»
V
™
1885.
$1,307,371
1886.
$l,323,o-25
$323,894
563,687
$171,196
720,275
Def. $239,792
Def.$549,079
Gross earnings
Netearnings
Int. on bonds, car trusts, Ac
1887.
?l, 352,526
$174,373
— (V.
45, p. 142, 239, 303, 304, 373, 400, 437, 538, 641, 672, 696, 886 ;
V. 46, p. 19.), 228, 371, 649; V. 47, p. 531.)
Falls
Sioux City— (See Map of Illinois Central).—Owns
from Iowa Falls, la., to Sioux City, la., 184 miles. This road was leased
to the Illinois Central till Oct. 1, 1887, when the Illinois Central aoquired the property by purchase of the stook, of whioh the total is
$4,600,000. Koad has since been operated separately. (V. 44, p. 439.)
Western.—Owns from Freeville to Auburn,
Ithaca
Oswego Midland RR., Western ExtenN. Y., 38 miles. The New York
sion, was sold in foreclosure, and this company organized Sept. 20,
1876. Tire stock Is $975,800. Leased In 1883 to So. Central, at rental
of 331.< per cent of gross earnings, with a guarantee of 4 per cent on
A
Iowa
Auburn A
first
A
mortgage.
Jacksonville Southeastern— (See Map)— Owns from Jacksonville
to Ceniralia, 111., 112 miles; Chicago Peoria A St. Louis Railway (Pekin
to Jacksonville and Havana to Springfield, Ills.) 120 miles ; Louisville
A St. Louis Railway (Oentralia to Drivers) 17 miles. Leases Pekin to
Peoria 10 miles Drivers to Mt. Vernon 5 miles. Operates Litchfield
Carrollton A Western RR. (Barnett to Columbiana), 52 miles. Total,
St. L. Ry.,
316 miles. L C. W. RR. was acquired Dec., 1886, C. P.
Feb., 18o7, L.
St. L. Ry., Dao. 1887. Earnings on the system for
year ending June 30, 1887, mostly from the main line, were gross;
$287,475; net, $102,184; interest on debt, $71,807; surplus, $30.3T7.
Earnings for six months from July 1 to Deo. 31; 1887, gross, $281,087;
net, $115,439; interest, $73,400; surp. for half-year, $42,039. For the
Chloago Peoria A St. L. R'way, from Feb. 1, 1888, to Aug. 31. 1888 (7
mos ) gross earn's were $186,529 ; net $77,268; and in the year ending
net, $119,163. W. S. Hook;
Feb. 1, '88, gross earnings were $287,543
Pres't. Jacksonville, ni.— (V. 47, p. 107, 353.)
West.—
(See Map)—Line of road
Jacksonville
Jacksonville, Fla., to Santord, 126 m.; Enterprise branch, 4*8 m. Deland
Johns
I.
* R., Enterprise to Titusbranch. 4m. Leased At. Coast St.
;
A
A
;
Tampa A Key
ville, 37 in.; operates Jaoksonv. St. Aug. A Halifax, 37 in.; Sanford A
Lake Eustls RR., Sanford to Tavares, 29m.; total operated, 237>s m.
This road forms a link in the Atlantic Coast line running from Jacksonville to Sanford. Florida, and via South Florida road to Tainp.i, wbonoe
steamers run to Havana. The road was opened March, 1886. The land
grant Is about 1,500,000 acres. The bonds may be redeemed before maIn October, 1888, an important
turity at 110. Stook is $2,600,000.
agreement was made for control of the Florida Southern on January 1,
1889, and the issue of a collateral trust loan on that Company's sto jk
and bouds. See V. 47, p, 531. In the year euding Deo. 31, 1887, the
gross earnings were $450,669 net, $130,127. N. Y. office. 10 Wall St.
V. 47, p. 531.)
(V. 45, p. 25,53 V. 46, p. 320, 573
Jefferson.—Owns from Susquehauna Depot, Pa., to Carbondale, Pa.,
37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles; total, 45
miles. Leased in perpetuity to the Erie Railway for $140,000 per
annum, and now operated by the N. Y. Lake Erie A West. The mortgage of 1888 provides for bonds due in 1839, and for double tracking 37
miles, on whioh, after Jan., 1889, it will be a first Uen. Capital stook,
$2,096,050; par $50. Samuel Hines, President, Soranton, Pa. (V. 46, p.
;
—
;
708.)
;
A
Indianapolis.— (See Map of PennJeffersonvllle IUadlson
sylvania RR.)—Owns from Louisville, Ky., to Indianapolis, Ind., Ill
miles branches Madison, Ind., to Columbus, Ind., 45 miles; Columbus, Ind., to Sheibyville, Ind., 24 miles; Jefferson vllle, Ind., to New
Albany, Ind., 6 miles; Shelby A Rush RR., 18 miles; leases Cambridge
Extension, 21 miles; total operated, 225 miles. The road was leased to
Pennsylvania Company from 1873, with a guarantee of interest on
bouds and 7 per eent on stook. Lease was modified from January 1,
1880, the lessees to pay over all the net earnings of the J. M. A L
? roper. The stock is $2,000,000, and the Pennsylvania Co. owns
1,931,600. Sinking fund, $15,000 yearly, draws 1st mort. bonds at
10. In 1887 gross earnings were $1,582,146; net, $408,996; rental,
$389,836; surplus over fixed charges, $83,082; profit to lessee. $19,160. In 1886, gross, $1,356,542; rental, $364,740; loss to lessee, $9,896.
(V. 47, p. 410.)
Jersey City
Bergen.—Owns from Jersey City to Bergen Point,
N. J.. 28 miles. In 1887 gross earnings, $473,615; net, $88,277; surplus over charges, $25,190; dividends (9 p. c), $4^,000. In 1886,
gross, $411,062; net, $102,384. Stock, $500,000. Dividends 7 per cent
in 1836 and 9 in 1887. C. B. Thurston, President, Jersey City.
—
;
•
A
A Northern Indiana.—Owns
from Joliet, Hi., to Lake
miles. Operated as part of the Michigan Central
in 1854 and leased to the Mich. Cent. Stook
($300,000) carries dividends of 8 per cent per annum.
Joliet
Station,
main
Ind.,
line.
45
Road opened
»
1
November,
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[Vol. XLV1I.
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November,
;.
RAILROAD STOCKS AND BONDS.
1888. J
65
Subscriber* will confer a great furor by el vine Immediate notice of any error discovered In these Tables.
Bond*— PrinciINTEREST OR DIVIDENDS.
DESCRIPTION.
pal, When Due.
Date Size, or
Amount
Par
When Where Payable, and by Stocks— Last
of
of
Outstanding Rate per
Dividend.
Road. Bonds Value.
Genu Payable
Whom.
Miles
For explanation of column headings, Ac,
on first page of tables.
se
Kanawha * Ohio— in more
(910.000 p. m.i
Central— 1st m.(*480.1WOgusr.K.C.F.S.A O)
CityBetl-1 st,($488.0OO go. K.C. F.8. AG.)
r
I
.
City Clinton
'
*
aprinq.XtX M., gold, guar..
ant 11111 A DeSoto. 1st mort., gold
lC.«. *\«Mrm. -Stock ($2.749.700ts8p.o.pref.)
do
K.
A
Cons. M., $3 5.000p.m. I not dr..iG.. 1st M.. land grant, sink tand.c*
Cit v 8.
Mortgages guar. (dr. at 110). .c*
Kan A Mo. KK...
c*
Ten-year coupon notes
Mem.. 1st M. (drawn at 110) ... .c*
C. P. 8.
—
do
do
do
Kan.
Kan.
m
do
A
Mtmpk.4
0.
do
C
Cost.
134
80
49
220
"V»iur«w.V.ir.-M.$19.000p.ni..g..$A£.c-
162
143
9550,000 p.m.op.
m
c-
Kinftton 4 Pembroke— 1st molt, (redeem, at 105)
Lmexawanna a Pittekurg- Mortg. (for 93.000,000)
s
1,000
1.000
81
276
Kmnteky Central—Covington A Lex..uiort.. extend
Msysvtllr A Lexington KK. mortgage
c
Mew mortgage, gold
Kentucky r«io»-lst mort for 93,000,000
c
aeokuk* Dee If mass— 1st M., int. guar.C. K I. A PC
Keokuk a Western—Common stock
(97.000.000). $550,000
91.000
1.000
1--.;
134
1898
1 879
'so.'-.
1382
1
1,00
(1)
100 9M
(t)
1,000
1.000
62
62
60
60
Allegany Cent., 1st mort., gold, payable at 105.
earn., g. (red. after
1897 at 106). c*
Junction (Philadelphia). Owns from
1883
1884
1887
1887
188*
1888
1 -.',?,
1.000
1,000
1,000
1.000
1,009
1,000
387
1888
1*73
1.000
1.000
lOO
A.-
1888
1888
l.ooo
l--->
1.000
ls-l
1,000
1889
1887
1337
1,000
1,000
Belmont. Pa., to Gray's
;
am
Ash Grove,
A MpriatrBeld.—Owns
from Cedar June,
Mo.. 164 unlet, and branch to Pleasant Hill. Mo..
tnilca. but only 163 miles operated.
Built in the
Interest of K. C. Ft. 8. A G. RR, which company guarantees the bonds.
In Jan.. 1385. the Pl easant Hill A be Soto road, lb miles, was purchased
final Ateh. Top. A 8. Fr RR., the K. C. C. A 8. Co. assuming the bonds.
•sock authorised. 9S.S00.000-. par. 9100; Issued. 3 1. 775.4' K). of which a
majority I* owned by the Kan. City Fart 8eott A Memphis RR. In 1887,
gross earnings ware 8361.675; net. 999.456 ; def. under Int., 948.788.
total.
ananas,
6
486.000
6
6
5
5
174
J.
A.
7,000.000
2,500,000
2,750.000
4.000.000
1,750.090
5
J.
A.
1
5*
572.000
0.,Boston.Merch'»Nat.Bk.
do
O.
do
A. Boston. 26 Sears' Bldg.
N. Bust., Nat. Webster Bk.
1
J.
6
344000
2*
1,680.000
do
do
do
do
July
do
do
Y.. Western Nat. Bk. Jan.
Last paid July, 1884
Last paid Oct.. 1884
A" J.
None
1,
1,
1,
April
.
Boston. Merch. Nat. Bk.
A D S. Y.. Offloe. 23 Broad.
A J. N. Y., Morton. B. A Co.
A J. X. Y.. Office, 23 Broad.
A J. N.Y.. Mercantile Tr.Co
A O. NY., 13 William street.
H. Y., John Paton A Co.
A J. Bf. Y.. Am. Ex. Nat. Bk.
2 a
A J. N.Y..R. P. Flower A Co.
A O. Last paid April, 1884
g.
J.
Boston. Nat. Union Bk.
a"j. In.
8
J.
8
A.
8
6g. J. A" J.
800.000
281.000
93.000
do
do
do
do
do
do
F.
J.
J.
J.
1936
1911
1916
Oct. 1, 1925
Oct. 1, 1907
Aug. 15, 1888
Mayl, 1928
June 1, 1908
Sept. 1, 1910
Aug. 1. 1922
1898
May 1, 1923
Hay 1. 1894
o.t 1927
Men. 1, 1927
coupon due Jan., '89. Jan.
M.
J.
7
J. 1st
O. N. Y. Office. 15 B'way.
J. Boston, 26 Sears' Bldg.
J.
5*
400400
A
A
A
A. A
A. A
F. A
M. A
J.
A H
A 8.
A A.
M. A N,
M. A N.
A. AO.
M. A 8.
7
7
5
6
1.612,000
....
Kanawha A
Kansas City Clinton
l
600,009
2,871,000
919.000
L000
.
10 miles;
,
500,000
1,620.000
6.259.000
1-7.;
Ferry, Pa., about 4 miles It connects the Penna.. the Pblla A Reading
and ike Phil*. Wilmington A Baltimore KRs coming into Philadelphia.
Stock. 925O.000; par. 950. Fiscal year eads Fe>. 28. Surplus over exsenses and Int. la 1882-8, 8123,919: in l»83-t. 8130,731: In 1884-0.
§95365: In lStfS-6. 9131.212: In 1840-7. 828.034; In 1887-8. 3107.838. Large dividends ore paid according to receipts each year. In 1881
paid 40 p. c. In 1835 20 p. c. In 1888 30 p. o.. In 1837. 45 p. e.
Olilo.-Cornlng. Ohio, to Charleston. W. Va., 115
tafias, and to be extended to a point in Fayette Co.. W. Va, In all 180
lies. The Ohio Cent. Rlr. Dlv. defaulted on interest Sept. '83. and
was sold Oct. 22. TO. and this company organised and above bonds
Issued. Beads and stock of old company ware assessed. (See plan. V.
40.p.356) 9200.000 of the total of 91.80O.0OO 1st mort. bond, are reserved torrtirr i be loan on the Point Pleasant Bridge, and 91 U.'-Oo to
Common stock authorretire the Okie Cent. Mineral Dlv. bonds.
ised 92.200,000: 1st prof.. 96.000,000: 3d pref., 94,000.000. Office. 2
Wall St.. N. T. B. W. Kelley. Prest. (V. 45. p. 135 V. 46. p. 218.)
Kansas Central.—Owns from Onto. R. I. A Pae. June, to Milton.
wale, 166 miles: leased Leavenworth to Chlo. R. I. A Pac. June . 1 mile:
9old under foreclosure of
mortgage April 14. 1879. Reorganised
April. 1879; oa April 1, 1887, default was made. Gross ..ming. | D
1886. 9217.673; del. 9*6,047: def. under interest, Ac.. $159,404. Or tea
earnings hi 1887. $17(1,650; def., 938.814; def. under Interest. Ac,
9114.454. Stock. 81348.000. Union Pacific, holds 91.313.400 of the
stock and 91316.000 bonds. (V. 45, p. 53.)
Kanaaa City Belt.—From Argentine to Washington Park. 10
mile-. Stock is* 1 00,000. Owned one-half by Atchison Tnpeka A Santa
fa, and one-quarter each by Kans. City Ft. Scott A Gulf and (hlc. MIL
A St Paul, fiouble-trackad and used for a terminal road at Kans. City.
Kan., to
a*
6
5*
7 *•
300.000
jfsa
do
3d M., g. A Income M. not cam.
Lake Erie Alliance a Ami*..— 1st M.for31.2\o.0*j0.C
non
500
1
....
bonds.
Inc. bonds,
L8SB
1817
9727,000
1.348,000
1,600,000
3,192,000
88.000
12,709,700
32I 1.000
c
it.. «..
1886
1881
10
174
45
752
871
180
202
26
282
Plain b'ds (rod'ble at 109), guar.
Current Hi v. KK., 1st mort-guar,
B.r.-lstM. (drawn at 110).
Blr. equip.guar. (redeem, at 105)
Count* KlrmaUd—lft
Bm»
Sdmort.
115
168
Paid.
1.
1938
Juue. 1890
1906
July 1, 1987
July 1, 1928
1923
1388
1325
1938
1912
1923
1923
1922
1912 A 1922
Jan. 1, 1917
Jan. 1, 1917
Oct.
1,
April 2,
Jan. 1,
April 1,
Jan. 1.
April 1,
April 1,
Jan. 1,
Co. bonds are guaranteed by the K. O, M. A B„ and are redeemable on
60 days' no;lce at 10 > an 1 Interest. The K. C. Springfield A Memphis
half the stook and gives a t radio guarantee of 10 per oent of gross
earning' derived from business to and from the new road, to be applied
first to the payment of anv deficiency iu the Interest, and second to retire the Itonds. The bonds mar lie drawn o
bought at 1 10. Stock,
IMHi.OM; par, 8100. (V. 45. p. 472. 575; V. 46. p. 300.)
own*
Kansaa City Wyandotte
A Northwestern.— (SwMip.)—Owm
from Kansas City to Seneca, 117 miles, and nranoh to Letvenworth.
Kan.. 15 tulles, and operates L-avenworth Rapid Transit Railway, 4
miles; total. 13 1 miles. Road opened for business February 13, 1888.
Mortgage of 1881 itruitee. Farmers' Lao A Trust Co.) la Issued at 816.000 a mile, w tit 93.000 additional for equipment and 98,000 for second track, with further aiuountafortennlnals. Stock Is 92.600,00.); par
9100: car trust debt 9310367. 8-* full particulars In Chrqxici.k, V.
46. p. 82 •. Newman Krb, Vioe-I'resldeut, Kansaa City, Mo. (V. 46,
p. 678. 819, 820; V. 47. p. 21.
KeniiKk) I nlon.— (sat Map.)— Road In progress from Lexington,
Ky.. to Big Stone Gap. 121 miles, connecting with Norfolk A Western,
Louisville A Nasbtflle and South Atlantlo A Ohio. Stook authorised
95.000.000, of which the counties of Clark and Fayette and city of
Lexington have subscribed 9300,000. An Issue of lionds t the amount
of 93,0Oc,0O0 has been authorized, covering road aud equipment. The
•
authorised stock 1* 9^.000,090. The following are directors: F. D.
Car ley, H. C. McDowell. St. John Boyle. L. T. Rosengarten, A. P. Humphrey, W. K. Helknan. John M. Atlierton, George M. Davie, C. II. Stoll
and R. P. Stoll, all of Loulsvt le and Islington. Ky.
Kentucky Central Hallway.—Owns from Covington, Ky., to
Roundstone (lew 3 miles leased). 148 miles; Paris to Lexington, 19
miles; Paris. Ky., to Maysvllle. Ky., 49 miles; total owned, 217 miles
leases Richmond to Rowland, 34 miles; Roumlstone to Living-ton,
3 miles total operated, 254 miles. This was formerly the Kentucky
Central Railroad, which was sold in foreclosure April 23, 1887, and
the present company organized, with stock of 87,000,00*). Sec abstract
of mortgage (Metropolitan Trust Co. of New York. Trustee), V. 45, p.
372. The company leased of the Louisville A Nashville Railroad
lu Richmond branch for 99 years from Jan. 1, 1883, for 924,000 per
annum, with a right to purchase at any time for 8400,000. The Maysvllle Division Is leased for 328,000 per year, but the stock Is all owned.
From Jan. 1 to Sept. 30, In 1833 ( > mos,) gross earnings $750,495,
against 9779,695 In 1887 ; net 932031 7. against 9339,629.
;
Kanaaa City fort Broil A Memphis.—Owns main line from
Kansas City. Mo., to Memphis, Tenn.. 48? miles, with branches, 131 m.;
owned, 671 miles; l eases Current River RR., Widow Springs,
Mo to Cairo. 81 aulas i total operated, 753 miles. Company formedTn Total gross earnings
888. by consolidation of the Kansas City Fort Scott A- Gulf and
faunas City Baring. A Mampkli railroads. The Tsnsai City Fort Boot* etreoelpu
IHetnertem ent$ —
A Gulf Company was organised April 1, 1879, at emiowssnr to the
OIOOMI AOOOUMT.
total
1885.
$847,071
$309,621
.
1
188a.
1887.
$920,698 $1,067,468
$332,325 $155,352
Rentals paid
$55,045
$61,210
$55,045
Missouri Rlt rr Fort ftcolt A Golf, foreclosed.
253.620
255,250
The consolidated bonds of 1988 (trustee New England Trust Co. of Interest on debt
33,529
73390
69,853
will retire all the above hoods except those on the Current Taxes and miscellaneous
River K&. 81 miles, which la not covered by the consolidated mortgage.
Total disbursements
"$388313
$88,574* $382,057
The guaranteed 7J«r erat bonds doe Sept- 1, 1910. are on the followdef. 76.692 sur.243,751sur.$73,295
tag Hand lines: Fort Beott Southeastern A Memphis. 103 miles, at Balance
(V. 45, p. 112.372,373; V. 46, p. 200, 419.)
$15,000 per mile; Rick Hill Road, 28 miles, at $13.435per mile; Short
Creek A JonUa Road. 33 miles, at 914,300 par mile. These bonds are
Keokuk Ac Des .Tlolnra.—Owns froai Keokuk, la., to Des Moines,
guarantee.!, principal and Interest, and have a sinking fund of 1 per la., 183 miles. This was a reorganization, Jan. 1, 1874, of the Des
•sat of whole Issue annually, with which bonds are bought at 110 or. If Moines Valley Eastern Dlv.. sold in foreclosure October 17, 1873.
at onered. are drawn st 108: also the bonds of Memphis Kansas A The property was leased for 45 years from Oct. 1, 1878, to the Chloago
Calaraln RR.. 36 miles, at 915.000 per mile, without sinking fund.
Rock Island A Purine Railroad, the lessee to pay 25 per oent of the gross
The Kan. City Bar. A Mem. and the Kan City Fort Scott A O. 1st mort. earnings, but guarantee the interest (not the principal) on the present
a, and als > the guaranteed bonds of 1910. have mostly bean ezbonds. The stock Is $1,524,600 8 per ceut preferred nn.l f'J.HOO.tOO
1 for the Kan. City Ft 8. A Mem. new firsts.
The Currant River common (par both $100), a majority of which is held by the lessee.
ate are guar.; ikey war* Issued as p*r circular in V. 44. p. 248.
Keoknk Western— Road owned from Alexandria, Mo., to Van
The annual report of Kansas City Fort Beott A Gulf for 1887 was In V. Wert, la.. 143 miles; operates Keokuk to Alexandria, 5 miles: total,
48, p. 199, showing the fallowing earn'* and Inc. account for four yean: 118 miles; was formerly the Mo. Iowa A Neb., part of the Wabash sysnooita aoootnrr.
tem sold In foreclosure Aug. 19, 1886, and reorganized under this
title. Stock $4,000,000; par $100. A 6 p. 0. note f or $240,0 K) secured by
1"1.
1MB,
1887.
IBM
mort., payable at will. Is outstanding.
In Sept.. 1337, the Ccinurvllle
aassMa—
9
9
9
9
2,422.443 3346338 3.539333 2,732.204 Moravia A Albla road was leased. From Jan. 1. 1883. to Mar. 31, 1888
fotal gross earnings..
Total net Income
1.042.145
.988.218 1,066.321 1,083,383 (J months), gross earnings were 978.030, against $77.2 1> In 1387;
net earnings. $15,799, against 928349. In 13 in wttui ending Den. 31,
sals/Xsl n
9
9
9
9
1887, gross earnings were $36-*.387: net. $112,890. F. T. Hughes,.
Interest on bonds
166.081
170.490 Pres't, Keokuk, la.; G. H. Caudee. 52 William Street, N. Y„ Vioe-Pres't.
163.546
177338
215.K21
Beat on)
—
A
m—
Leased
lines interest..
8. A M. proport'n.
ft. Scott equip, bonds.
K. C.
304.123
76,212
102.661
213378
109.625
211.137
111.177
103.250
133.703
99.018
429,120
— (V.45, p.
lbti.
301
;
V. 46, p. 479.)
Kings County Klevated.—Owns road in operation through Fulton Street, Brooalyn, to Albany Avenue, and under construction to city
Dividends
476376
838,158
405380
limits, to be ab tut 8 mile* In all. St >ck paid in, At.OOO.OOO; 2d mortBate paid oa com
5
4
4>a
2>t
gage was Issued In 1888 toezten 1 the road. President, James Juurdan.
!•
pref....
8
8
8
8
Jl.lVu
staking- fund
33300
32,300
22,300 —(V. 45, p. 26. 600; V. 46, p. 93; V. 43, p. 170.)
384
Banauaaeons
8,808
Kingston
Pembroke.—Owns from Kingston, Ontario, Canada,
to Kcnlrew on the Cnuadlan Pacific KK., 101 miles; brandies, 9 miles;
Total disbursements.
1.046313
964,461
1,034.330 1,078363 total, 1 13 miles Bonds are redoemtble on notice at 105. Offered In
Balance
4,068 sur.23.74- "U-.31.9U1 snr. 6,710 New York, In 1887 by R p. Flower A Co. Stock, $4,500,000; par $50
-(V. 16. p. 199. 537. 678. 772; V. 47. p. 140. 353
Gross earnings. 1386. $148,563; net, $13,318; fixed charges, $31,330;
Kansas City Memphis A Birmingham. )wns from Memphis surplus, 914,028. In 1887 gross, 9175,135; net, $31,101; surplus over
See full statement tn V. 44, p. 402.
nloglmiii. Ala.. 461 miles: ompl.i.d in Dctob. r. 1H47. Three Interest, $10,784.
awp i r atlone la three States were consolidated under this n ime. Bonds
Lackawanna
Pittsburg.— A consolidation In April, 1883, of
far 925,000 per mile are Issued. The Mew England
the Allegany Central ami the Uvkawaima A Pittsburg. Road operated
under the mortgage; abstract V. 40, p. 975. The Equipment from Lackawanna Junction, New York, to Perklusvllle, 41 miles;
M
116351
A
A
i
ian
1
no
INVESTORS'
SUPP1EMENT.
I
Vol.
XL vii.
NOTEMBER.
1888.]
RAILROAD STOCKS AND BONDS.
6;
%
:
:
SUPPLEMENT.
INVESTORS'
68
.
[Vol. XLVfl.
Subscriber* will confer a great faror by giving Immediate notice of any error discovered In these Tables.
Bonds— PrincIINTEREST OR DIVIDENDS.
DESCRIPTION.
Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal.When
Stocks— Last
Par
of
of
Outstanding
For explanation of column heading*, Ac, see note«
W
Cent.
Payable
horn.
Dividend.
Value.
Bonds
Road.
tables.
page
of
first
on
Lake Brie <t Western--Com. stock, 1(120,000 per mile,
Prefcrml stock, 6 p. c. (not cun>.) ($2O,t0O p. m.)
i.
1st mortgage,
i
per mller
($10,000
«l
gold'
old
"...
(°
,
.
)
r
do
> (rink, fund, $250,000 y'rly) <
tr
do
J
reg.
coup.*
$25,000,000)
(for
Consoi. 2d mort., do.
Lake Shore dividend bonds
r
Sd mortgage (Clev. Pitts. 4 Asb. RR.)
Buffalo A Erie, mortgage bonds
e
guar
mort.,
Tol.,
1st
Det. Monroe A
Kalamazoo & White Pigeon, 1st mortgage
Consoi. 1st mort.
,
Kal. Allegan A Or. Rapids, stock, 6 p. c guar....
Jamestown A Franklin, 1st mortgage
Jamestown * Franklin. 2d mortgage
Mahoning Coal.st'k ($500,000 Is pref. guar.5 p. c.)
1st wort, bonds guar
do
Lehigh* Hudson Kirer— 1st m.,g..lnt. red'eed to 5
(for if 500,000)
consoi.
mortgage
2d
Warwick Valley.lst A 2d ms.($240,000 2ds,1911)
Lehigh <e Lack.— 1st A 2d M. ($100,000 are lsts) ..
Lehigh Fo/(«|r-Stock ($106,300 Is pref.)
1st mortgage, coupon and registered
*
2d mortgage
c*r
Consoi. mort., gold, $&£(s.fd. 2 p.o.y'rly)
Kaston A Amboy. 1st mort., guar.(for $6,000,000)
Delano Land Company bonds, endorsed
Miami- -8tk.com., gu. 8 %, 99 yrs, Pitt.C. AS t.L.
Street con. 1st M. (Jointly with Cin.A Ind.RR.)...o
o
Renewal mortgage
Littie
1,000
1887
1,340
1,340
Lake Short* Michigan Southern—Otook
Guaranteed 10 per cent stock
,
100
100
1000 1
...'
1870
1870
1870
1873
1869
1867
864
864
864
864
258
95
88
62
1,000 5
1,000
1,000
1,000
1,000
500 Ac.
1,000
1,000
1869
1876
1869
S7
100
51
51
1863
1869
l.ooo
1,000
18S4
1881
1987
1.000
1,000
1,000
50
43
43
41
63
22 '79 "81
25 1877
361
101 1868
1870
101
232 1873
60 1880
1872
198
1864
84 1882
500 4c.
1,000
50
1,000
1,000
1,000
1,000
1,000
50
1,000
1,000
Swain's to Nunda, 11 m.; Olean to Angelica, narrow gange, 38 m.—
90 miles. Stock $5,000,000, of which $1,500,000 is preferred.
In 1884 Company became embarrassed and in Dec, 1884, a receiver
was appointed. A plan of reorganization was agreed upon, and under
It securities were deposited with Mercantile Trust Co. (see V. 46, p.
200), but difficulties arose and matters came to a stand-stlll. A new
plan of reorganization has recently been proposed. Earnings In 1885-6.
$50,943; nit Icbp. $17,859. In 1886-7, net loss, $2,000. Geo. D. Chapman; President and Receiver. 48 Wall 8treet. New York.- (V. 46, p. 200,
A
Southern.— Owns from Bergholz, O., to
O., 60 miles. Formerly Cleveland Youngstown A Pittsburg,
foreclosure Dec. 18^6, In theimerest of the bondholders and
reorganized Jan., 1887. under above name. It is proposed to extend the
road East and North to Fairport, on Lake Erie. Stock is $2,000 000;
par, $100. The 1st mort. is subject to the lien of $150,000 bonds of the
Alliance A Lake Erie RR. on road Irora Phalanx to Alliance. 21 miles.
The t-alance of Ibt mott. bonds is reserved for extensions, at 825,000
per mile. A. L. Gi iffin. President, Pittsburg, Pa.; L. M. Lawsou, Treasurer, 102 Broadway, N. Y.
F.
F.
}
5
7
7
7
7
7
7
1,356,000
J.
A.
N. Y., Chase Nat. Bank
N.Y.,Grand Cent.Offlce
Q.-J.
Q.— J.
* D.
& O.
& O.
A- O.
F. & A.
J. & J.
A. A O.
J. A J.
J. A D.
J. A J.
J. A J.
J. A J.
J. A J.
A. A O.
J. A D.
Q.^J.
J. A D.
M. A 8.
J. A D.
M. AN.
J. A J.
Q.— M.
J. A J.
M. A N.
Coupons are paid by
Treasur'r at Qr'nd
J.
920,000
2,784,000
924,000
400,000
610,000
3
257,000
7
500,000
7
1.773.0C0 2ia on pf.
1,500,000
5
800,000
5
204,070
5
385,000
6
600.000
7
1*4
39,903,000
5,000,000
6
6.000.000
7
14,044,000
6
6,000,000
5
1.345,000
7
4,943,100
2
250,000
6
1,500,000
5
do
do
A.
U.4J.
7
399,000
24,692,000
&
&
&
J.
A.
A.
A.
Central Depot, N.
Y., and registered'
Interest by Union
Trust Company.
Jan. 1, 1937
Aug. 15. 1888
Aug. 1, 1888
July 1, 1900
July 1. 1900
Oct., '89 to '90
Deo.
1,
1903
April 1, 1899
Oct. 1, 1892
April 1, 1898
Aug.
Jan.
1,
1,
1906
1890
Oct. 1, 1888
Var.toJ'lv,'97
June
N. Y. Union Tr. Co.
do
N. Y.
do
Nat Ex Bank.
do
do
do
do
Phil., Fidel.I.A S.Dp.Co.
Philadelphia, Office.
1,
1894
July 1, 1888
July 1. 1934
July 1, 1911
July 1, 1917
1899 A 1911
Dec. 1. 1907
Oct. 15, 1888
June 1, 1898
Sept. 1, 1910
1898 A 1923
1920
Jan., 1892
Cinn.OHlce.Laf'ette Bk. Dec. 11, 1888
no
do
1894
N. Y., Bank of America. Nov. 2, 1913
Reg. at office; cp.B'kN.A
Philadelphia, Office.
do
do
do
do
do
do
A
A
in
each year till 1890.
For the six months ending June 30, 1898, the statement was as follows
1888
1887
Gross earnings
$8,667,893
$8,64lJ336
Operating expenses
5,144,222
4,928,138
:
A
Lake Erie
Western Railroad.— (See Map)— Owns from Sandusky, O., to Peoria. 111., and branch to Minster, 430 miles, and from
Indianapolis to Michigan City, 162 niles total, 592 miles. This is the
new company formed in 1887 alter foreclosure (on Dec. 14, 1886,) of
the Lake Eiie A Wesrern railway, which bad been made ui> by a consolidation, Dec. 12, 1879, of the Lafayette Bloomington A Muncle and
the Lake Erie A Western. In Match, 1887, purchased the Indianapolis
Net earnings.
Other Income
;
$3,523,676
107,004
$3,816,139
64,998
$3,6:10,680
2,151,305
$3,881,127
2,128,430
Surplus ...
Sinking fund.
$1,479,375
125,000
$1,752,697
lv 5,000
Dividends, 2 per cent
$1,354,375
989.330
$1,627,697
9Sa,330
Total
Interest, taxes
A
.
5
A
Phalanx,
Peru
Chic road, 162 miles.
Abstract of mortgage (Central Trust Co. and A. L. Munson, trustees),
In V. 46, p. 45.
Range of stock prices since reorganization has been as follows: Common in 1887, 13»24>s; In 18?8 to Nov. 16, inclusive, 12>«®19 1s. Preferred in 1887, 39%®61; in 1889 to Nov. 16, inclusive, 40i4®5578
From Jan. 1 to Aug. 31 (8 mos.) In 1888 gross earnings were £1,336,404, againbt $1,341,766 in 1887; net, $460,203, against *503,927.
The annual report for 1887-8 was in V. 47, p. f-3o.
Earnings for the year ending June 30, 1888, were as follows
S*
Ac—
228.)
Lake Erie Alliance
11,840,000
5,920,000
49,466,500
533,500
15,041.000
classes outstanding are given less the amounts held in the sinking
funds, whioh amounted to $4,250,000 Dec. 31, 1887.
The annual reports of this company are
Operations, Finances.
models of clearness in all the statistical matter. The road is greatly
dependent on through traffic, or traffio from competitive points, and its
business is injured by any cutting of rates.
In 1882, 140,500 shares preferred stock and 124,800 shares of common stock of the New York Chicago
St. Louis Railroad (a controlling interest) were purchased. .This N. Y. C.
St. L. (Nickel Plate)
stock was afterwards cut down one-half in the reorganization, viz , to
70,250 shares of pref. and 62,400 shares of common and an assessment
of 10 per cent cash paid on it, the company receiving $2,503,000 1st
pref. stock ol N. Y. Chic.
St. L. for the assessment.
In 1886 the 1st consols for $849,000 were issued, bearing only 5 per
cent interest, and these may be redeemed by instalments on Out. 1
total.
old
HI ,810.000
$100
100
."92
592
592
and rentals.
I
>
$638,367
$365,045
1887 was published in V. 46, p. 570. containing
the tables below, showing the earnings and Income account for a series
Surplus
j
The annual report
for
of years
$1,968,218
operations and fiscal results.
1,255,269
1884.
1885.
1886.
1887.
Miles
operated
1.341
$712,949
1,340
1,340
1,340
RESOURCES OF THE YEAR ENDING JUNE 30, 1880.
Operations
Net earning*
$712,949 Pass, carried (No)..
3,629,196
3,479,274
3,715,508
3.752,840
Increase of floating debt or decres se of cashassets
711,222 Pass'ger mileage.... 190,503,8:>2 176.830.309 191,593,135 203,761,459
2-170 ots.
2-058 cts.
2-098 cts.
2 260 cts.
Total
$1,424,170 Rate p. pass. p. mile
Fr'ght (tons) moved
9,326.852
7,365,688
8,023,093
8,305.597
DISPOSITION OF RESOURCES.
1,602,567 * 1,592,044
1,843,785
Interest on funded debt
$296,000 Fr'ght (t'ns) mileage * 1,410,545
0-553 ots.
0-639 ots.
0-670 cts.
0-652 eta.
Rentals...
6,830 Av. rate p. ton p. m.
Earnings—
$
9
$
$
Increase of ther than cash assets
24,827
4,133,729
3,639,375
4,020,550
4,650,653
Construction and equipment
538,965 Passenger
9,358,817
9,031,417 10,329,625 12,547,923
Kettenuents
557,548 Freight
Mail, exp., rents, Ac
1,35 1,038
1,462,713
1,509,280
1,512,388
Total
$1,424,170
C. 8. Brioe, New York, President.— (V. 45, p.572; V. 46, p. 45, 447,
14,843,534 14,133,505 15,859,455 18,710,962
573; V. 47, p. 530.1
Operating Expenses$
$
$
9
of way, Ac
1,532,252
1,614,777
2,014,041
2,079,084
Lake Snore
Michigan Southern.— Line of Road-BuI- Malnt'oe
Maint. of equipment.
1,111,329
1,317,379
1,340,291
1,995.012
falo, N. Y., to Chicago, 111., 540 miles; branches owned, 319 miles. Other
5,277,444
5,192,943
5,730,977
5,380,166
lines owned as follows Detroit Mon. A Toledo, 62 miles Kalamazoo A Transport'n exp'nses
521,543
485,916
476,257
518,669
White Pigeou. 37 miles; Northern Central (Mich.), 61 miles; total, 160 Taxes
Miscellaneous
529,269
668,398
748.468
588,231
t
miles. Roans leased are as follows: Kalamazoo Allegan A Gr. Rapids,
<W miles Jamestown A Franklin, 51 miles; Mahoning Coal RR., Youngs11,029,798
Total
9,133,521
9,287,537
9,731,622
town to Anlover.O, and branches, 42 miles; Detroit Hills. A Southwest., 65 miles Fort Wayne A Jackson, 98 miles; others, 8 miles; total, Net earnings
5,710,063
4,815,968
6,127,833
7,631,164
315 miles. Total road owned, leased and operated, 1.341 miles.
61-53
65-71
61-36
P.cof op.ex.to ear'gs
5995
Organization, Ac—This company was a consolidation of the Lake
* Three ciphers omitted.
Shore RR. und Michigan Southern A North. Indiana RR. May 27, 1869,
baggage, personal injuries,
I Includes damage and loss ot freight and
jnd the BuffaloA Erie RR. August 16, 1869. The consolidated line embraces the former roads of the Cleveland A Toledo and the Cleve- law expenses, rents payable and hire of cars.
land PalnesviUe A Ashtabula railroads.
The roads leased at
income account.nxed rentals are the Kal. Allegan A Grand Rapids, Jamestown
1884.
1885.
1886.
1887.
A Franklin and Mahoning Coal. The Detrbit Monroe A Tol.
Receipts—
9
$
$
Kalamazoo A White Pigeon, and the Northern Central of Michigan, are
,031,164
5,710,063
4,845,968
6,127,833
proprietary road* controlled by ownership of their Btoek. The Mahou- Netearnings
110,752
129,999
lngl'oal RR. Is leased at 40 per cent of gross earnings, and its pre- Interest, dlvld's, Ao.
ferred stock and bonds guaranteed. The New York Chicago A St. Louis
Total income....
5,710,063
4,845,968
6,238,585
7,811,163
road is controlled liy ownership of stock.
Disbursements —
Stocks and BoNus.-The guaranteed stock of $533,500 carries 10 per
446,450
449,313
Rentals
paid
439,168
443,900
eent dividends. The ordinary stock has paid the following dividends
3,276,140
3,220.870
3,374,938
3,326,480
,lD0? 18<0, viz.: In 1871,8; in 1872,8; in 1873,4; in 1874, 3>4: In I merest on debt
guar.
s'k.
53,350
Divid's
on
53,350
53,350
53,350
3l4;
71
ln
76o'
ta ,877 2
1878, 4; in 1879, 6%; in 1880,
i?, ?i?
250,000
250,000
2 and .l^
83 8
'**• 7 ln '83 and '86, nil; In '87 and Sinking fund
p ct eaou >' car
.Si' ?
Gross earnings
Operating expenses
Net earnings
(t
2-78 per cent)
—
•
—
A
:
;
;
;
.
:
88,
4 per
'
'
-
9 5 *,1
1
oSS/. .^'8
i'S>
'
:
cent.
:
m
^
:
18«1.112«b»13S%; 1882, 98*120%:
in 1883.
1
4, 591l>ai04\; in 1885. 50%»89''8; in 18*6, 76%
S?A?2M'" 1887.
o 5, S?
89»98%; in 1888 to Nov. 16, inclusive" 85>4al04?e.
•J""*?
Uda ' ert """"HyCS, o<"»«s are redeemed each year by
*Sn
"oSJ^^J!?
$250,000
contributed to the sinking fund. The above bonds of
.
:
,
,
all
Total disbursem'ts1
Surplus fordlv'd.
Dividends
Rate of dividends...
Balance
3.720,670
1,989,393
2,473,325
(5)
4,117,456
728,512
4,073,730
2,164,855
989,330
3,773,803
4,032,360
1,978,660
(2)
(4)
483,932 sur. 728,512 sr*l,175,525sr 2,053,700
* From this surplus, $292,522 was applied to reduction of pay-rolls;
vouchers, Ac, at end of 1885.
def.
Novzxber,
1888.]
RAILROAD STOCKS AND BONDS.
69
;:
INVESTORS' SUPPLEMENT.
7©
Subscriber, will confer a great
Mil.-M
Date
Amount
of
Tot explanation of ooluinn headings. Ac, see notes of
Road. Bonds
on first page of tables.
135
31
360
o
Utile Rock d Memphis— First mortgage, gold
IAUU Schuylkill— StocK 7 p. o. rental, Phil. A Read
hong Island—Stock
o*
1st M .Jamaica and Hunters' Point extension.
*
1
Newtown A
Equipment
39
Flushing, guar, principal and Int.
certificates
860
1868
1878
1881
1888
1871
1871
1871
10% 1881
c*
City it Flushing— 1st mortgage
Consol. inert., gold, endorsed by Long Isl. RR.c
Los Angeles <* San Diego— 1st M. (for $2,800,0001.
iouisiana Western— 1st mortgage, gold
Lt-'ur. Evansv. <* 81. l^ouis.— lstmort. E. R. A E..
lstiuort,, gold, for $2,000,000 (2d on 72 M.). ..o*
hong island
19
27
112
1887
1880
1881
71
1881
1886
1886
1887
182
182
23
0*
2d mort., gold, for $3,000,000
Hunt. Xeircity AC. RR., 1st M., gold, guar... .0*
1,955
houisvUle* Nashville— Stock
Lebanon br.Juno.,to Livingston, Loulsv. loan..c' 110
171
Lcbanon-Knoxv., M. 1st on 62 m. ($1,500,0001 .c*
c*
4b
[ Oecllian Br.,lBtni,CocU.toLouis.,s.f.,dr'nat 100.
30C
Consol. 1st M. (prior liens are only $333,000)... o*
Memphis A Ohio, 1st m.. Paris to Mem., guar...C i30
83
Meui.Clarks.AL.. lstm., Guthrie to Paris.Tenn.o'
l8tM.E.H.AN.,HendersontoNash.,dr'natll0.c" 135
|
80 1
t General M., gold, drawn at 110 ($20,oo J.OOOK.c*
Collat. Trust, 3d M., g., (dr'n at 110) convert. ..c 1,079
785
10-40 Adjustment M., g., (red'ble aft. '94)
o'
141
„lst M. on N. O. A Mobile Div.,N.O.toMobile...c'
.
;
;
any error discovered In theae Table*.
87 I
i872
1879
1880
1882
1884
1880
5 g.
$3,250,000
2,487,850 3i«&liax
1
10,000,000
7
168,500
7
1,121,000
7
268,705
5g.
3,441,000
4g.
1,000,000
7
250.000
600.000
7
7
150.000
40.000
7
6
600,000
1,250,000
556,000
2,240,000
900.000
2,000,000
6g.
3,000,000 2 to6g.
6g.
300,000
31.518.000 3 stock
333.000
6
Pledged.
6
875,000
7
7
7,070,000
7
3,500,000
2.015,360
6g.
2,340,000
6g.
6 g.
12.056,000
9,576,000
6g.
5,000,000
g
£
5,000,000
6 g.
A 8. N. Y.. Central Trust Co,
A J. Phil. Offlce,410 Walnut.
— F. N.Y.,Corbin Bank'g Co.
do
do
A N.
do
do
A N.
do
do
A A.
do
do
-J,
<io
A D.
do
do
AO
do
do
A 8.
do
do
A N.
AN. N.Y., Corbln Bank'g Co.
do
A N.
do
A J N.Y.,8o.Pac Co.,23 Brd
A J. N.Y., So. Pac.Co.,23 Brd
A J. N. Y. Mercantile Tr. Co
A O. Boston, Coat. Nat.Bank
do
& O.
do
do
do
A O.
N.Y., 50 Exchange PI.
do
do
AO.
do
do
A S.
do
8.
do
A
do
do
A O.
Baring
Bros.
D.
London,
A
do
do
AA
pi.
Exchange
A D. N. Y., 50
do
do
AD
-Mar
do
do
do
A N.
do
do
do
A J.
-
Ac
70,048,600
17,300,000
365,780
715,000
Ch.ACan.8o.bds.,Ac
Stocks owned, cost.. 12,012,839
933,080
Bonds ewned, cost..
1,454,942
Advanoes
966,311
Materials, fuel, Ac...
Cash on hand
218,682
Uncollected earnings
1,249,858
Bai"'ivbulld'gs,
Equipment.. ."......
El est. A office prop.
i
Total
9 „„„
$
$
$
Dividends
Other liabilities
and
'
50,000,000 50,000,000 50,000,000 50,000,000
47,716.000 47,466,000 47,216,00(1 46,766,000
1,016,005
1,016,005
26,674
26,675
911,469
839,148
1,131,670
2,975,161
8,033,771 10,087,472
6,604,510
4,547,256
Bonds
Profit
70,048,600 70,048,600 70,048,000
17,300,000 17,300,000 17,300,000
3d2.618
354,167
365,780
7 29 9 '?
715,000
715.000
„„
12,195,068 12,113,700 l*.03sV'82
bb4.400
674,400
645,400
1,701.911
1,525,859
1,461,147
£04,594
596,430
673,474
2,604,482
2,559,928
235,795
734,369
1,216,840
1,588,590
loss
105,265.092 105,228,854 107,104,924 108,780,946
25,304,743, 820, 872, 886; V. 46, p. 255.570, 610
liabilities..
— (V. 45, p.
5,
660, 783, 802; V. 47. p. 227.1
Lehigh
& Hudson
1937
1888
1888
1890
May
1898
Mavl,
Aug: 1, 1918
July I, 1'31
June, 1. 1938
April 1, 1901
Sept. 1, 1901
May 1. 1891
Sent.
July
Nov.
1,
7,
1,
1,
May
May
1911
1937
1910
1, 1921
1, 1921
Oct. 1, 1926
Oot. 1, 1936
Oct. 1, 1927
Sept. 3, 1888
Oct. 15, 1893
Maroh 1, 1931
Mar. 1, 1907
April 1, 1898
June 1, 1901
Aug. 1 1902
Deo. 1, 1919
June 1 1930
Mar. 1, 1922
Nov. 1, 1924
Jan. 1, 1930
July
July
July
1,
1
,
1,
,
Disbursements—
on debt
River.—This road was opened from
Grey-
eouri. on Erie road, to Behidere, N. J., 63 miles, August, 1882.
Consolidation April, 1882. of the Lehigh A Hudson River and the Warwiok
Valley roads. In addition to above there are $65,000 Wayawanda 6 per
Stock, $1,340,000. Four
couponB July, '85, to Jan., '87, inclusive, were funded. In Dee., 1885,
a traffic contract was made with Lehigh Coal A Nav. Co. ani in Aug.,
1888, the Cent, of N. J., acquired control of the road by purchase of
stock. In year ending Sept. 30, 1887, gross earnings were $244,431;
net, $101,806: surplus over interest and taxes, $7,159. la 1885-86 gross
earnings. $209,294; net, $81,993; interest on bonds, $84,674. Grlnnell
Burt, President, Warwick, N. Y. (V. 45, p. 856.)
cent bonds due 1900 and $89,430 oar trusts.
5,054,771
4,101,986
4,400,263
Total net income
1886-87.
1885-86.
1884-85.
$
$
$
2,059,541
2,048,201
2,011,171
650,385
1,660,234
682,003
Dividends*
1,331.531
1,018,747
1,584,081
Total disbursements
Balance, surplus
4,370,160
30,103
4,061,735
40,250
4,643,999
410,772
Interest
General, taxes, float'g int., loss on
MorrisCanal, depreciation, Ac.
105,265,092 105,228,854 107,104,924 108,780,946
Total assets
Liabilities—
Stock
Due.
Stocks— Last
Dividend.
INCOME ACCOUNT.
1887.
1886.
1885.
pal, When
bv
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
1884.
Bonds— Princi-
INTEREST OR DIVIDENDS.
When Where Payable, and
Whom.
Payable
Cent.
I*
1863
1881
.877
1868
1
[Vol. XLVII.
Rate per
Outstanding
1887
"95
156
179
182
9
19
1st M., main, $168,500 reserVd for above bds..o
c*
2dniortgage
Oonsol.H. g. ($1,559,000 reserv'dfor prior bda.)c'
o*
General niort gage for $3,000 .000 (2d lien) gold.
Mew York A Rockaway, guar. Int. only
Bnilthtown A Port Jefferson mortg., guar
|
notice of
tw»i by giving Immediate
DESCRIPTION.
;
.
and 5 on com.; iu'86, 10 on pref and 4 on com. In
and 4% on com.— V. 46, p. 1 01 344, 371, 678; V. 47, p.
In '85, 10 on pref.
*
'87,
10 on
pref.
.
,
(
108, 593.)
Little
Miami.—Owns
from Cincinnati,
O., to Springfield, O.,
84
branch, Xenia, O., to Dayton, O., 16 miles; leased, Columbus A
Xenia RR., Xenia to Columbus, O., 55 miles Dayton & West. RR., Dayton, O., to Indiana State Line, 38mUes: Ohio State Line to Richm'd, Ind.,
4 miles; Cincin. Street Conn. RR., 2 miles; total operated, 198 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the portion between Xenia and Springfield is now operated as a branoh
for the remainder of the main line, as given above, the Col. A Xenia
road (leased), is used.
On December 1, 1869, the Little Miami, with all its branches, Ac,
was leased to the Pittsburg Cincinnati A St. Louis Railroad Company for 99 years, renewable forever. The Pennsylvania Railroad
Company is a party to the oontract and guarantees its faithful execution.
Road is now operated by Pittsburg Cin. A St. Louis Railway Co. Lease
rental is 8 per cent on $4,943,100, interest on debt and $5,000 per
annum for Little Miami Company's expenses of organization the fulfillment of the lessor's lease obligation is also stipulated. In addition to
abcrve debt there is $100,000 6 per cent permanent capitalized debt;
interest J. A J. In 1886 net loss to lessee was $468,680. In 1887
net revenue to lessee was $442,254; against whtoh paid rental, Ac,
$740,659 net loss to lessee $293,405.
miles;
;
;
;
from Bethlehem, Pa., to Wind
Little Rock ic Memphis. — Owns from Little Rook, Ark., to
Pa., 25 miles; thence, 1n connection with the Wind Gap A Dela- Miss. River, opposite Memphis, 135 miles. The Memphis & Little Rock
ware Railroad, to Bangor, Pa., 32 miles. It is operated by the Central road was sold in foreclosure in 1872, again in 1877, and again in 1887.
Railroad of New Jersey under a special agreement. Opened in 1867. The present company was organized Sept. 1, 1887 and all the old
Of the above bonds, $100,000 are a 1st mort., and $500,000 2d bonds have been retired with the above new mortgage bonds, making
mort. Capital stock, $370,500; par, $50. Gross earnings in 1887, the annual interest charge $162,500. Under the title Memp. A L. Rock,
$56,319 net, $14,765. In 1886, net, $13,860.
in issues of the Sufplemest prior to Nov., 1887, an account of the road
Lehigh
&.
Gap,
Lackawanna.— Owns
;
is
Lehigh Valley.—Owns from
Phlllipsburg (Pa. Line), N. J., to
Wllkesbarre, Pa., 104 miles; branches—Penn Haven to Audenried,
18 miles Hazle Creek Bridge to Tomhicken (and branches), 32 miles;
Lumber Yard to MilnesviUe (and branches), 23 miles Black Creek JuncUon to Mt. Carmel (and branches), 61 miles Slatedale branch, 4 miles
Bear Creek Junction to Bear Creek, 11 miles; Lackawanna Junction to
Wllkesbarre, 10 miles; New Boston Junction to Hazleton. 14 miles;
State Line A Bull. RR., Monroeton to Berwick, 24 miles; also owns the
EastonAAmboy RR., Amboy, N. J., to Pennsylvania Lino. 60 miles;
total operated, 361 miles; also leases Southern Central RR., operated
Dv Pennsj lvania A New York Canal A Railway, which latter road is
;
;
;
also controlled by Lehigh Valley.
Tins is one of the most important of the coal roads. Dividendson the
ordinary stork have been as follows since 1870: In 1871, 1872. 1873,
1874 and 1875, 10 per cent paid; In 1876, 9; in 1877, 5 Hi; in 1878, 1879
and 1880, 4 : in 1881, 5i«; in 1882, 6^;
1883 and 1884, 8; in 1885, 6;
m
given.
Rudolph Fink, President,
Stock authorized, $3,250,000.
Memphis, Teun.— (V. 45,
p. 401.)
Little Schuylkill.—Owns from Port Clinton to Tamanend, 28
mileB; branches, 3 miles; total operated, 31 miles. The East Mahanoy RR., was leased Jan. 12, 1863, for 99 years, and sub-leased to Pliila.
leased to the
A Reading July 7, 1868. The Little Sch'iykill Railroad isJuly
7, 1868.
Philadelphia & Reading Railroad for 93 years from
was paid
cent
per
dividend
of
lHi
Extra
$185,227.
in
Rental
1887,
July
7,
1888.
Long Island.—Owns from Long Island City, N. Y., to Greenport, NT Y.. 95 miles; branches, 87 miles; total owned, 182 miles.
Leases—Smithtown A Pt. Jefferson RR„ 190 miles; Stewart RR. to Bethpage, 14'5 Stewart RR. to Hempstead, 1-8 N. Y. A Rockaway RR..
4(5unop.); Brooklyn A Jamaica RR., 96; Newtown A Flushing RR.,
3-9 Brooklyn A Montauk, 67 N. Y. Brook. & Man. Beach R'way and
branches, 20-4; Hunter's Point A Bo. Side RR., 1-5; Far Rockaway
;
;
;
;
branch, 9-4 L. I. City A Flushing RR.. 14 Whitestone Br., 4: W.iodside
Br., 3 9 ; total leased, 178-4 miles. Total owned and leased, 360 miles
The Long Island Railroad went into the hands of a receiver October,
1877, but in 1881 the company resumed possession.
The control of the company was sold to the " Long Island Company,
controlled by Mr. Austin Corbin and others, in Dec, 1880. In July,
1881, the stock was increased from $3,260,700 to $10,000,000.
The general mortgage Issued in 1888 provided for new equipment
and extensions; trustees, Central Trust Co.
Dividends have been as follows since 1881: In 1882, 1; inl883to'88,
inclusive, 4 per cent. Range of stook prices since 1882 has been as
follows: In 1883, 58a>8tf%; in 1884, 62 87814; in 1885, ea^SO's: in
1886, 809100; in 1887,85®99%; in 1888 to Sept. 21, incl., 87ia»95.
From Oct. 1, 1887, to June 30, 1888 (9 mos.), gross earnings were
$2,134,632, against $1,960,590 In 1886-7; net, $637,340. auaiust $685,836; surplus over fixed charges, $233,321, against $273,263.
Fiscal year ends Sept. 30 for 1836-7 report was in V. 45. p. 855.
1881-85.
1885-86. 1886-87.
1883-84.
;
;
-
83 63 »73Vi; In 1884. hi m\\; in 1885, 54V&61 H: in 1886", 55"4®
53'e »57%; in 1888 to Nov. 16. incl., 5m)®57 78
ls " 9 '* waa decided to Issue 20 -per cent in new stock to
siooKiioiiirr8 at pat, the proceeds to be used in paying for
the Rosellc
AhoiithPlalufleld road, for lands in Jeisey City and for additional
8e
hi, I&TmA
!
? Y- 48 P- 371 -> Tne amo«ot of new stock, about
S.
62;
-
.
in 1887,
.kiii"
.
'
'
fb.bftO.OOO, is included in the table above.
6
al year pnds November 30. The last annual report was in the
~
K V- 46, p 101
Itlsoneof the peculiarities of the company's
«»?«
annual
rei>prt that no general balance sheet is given. The earnings,
Jjpensesand Income account for the fiscal years ending Nov. 30, were
rw
i
'
-
-
1884-85.
Earnings—
Ceal freight
Other freight.
Faseenger, mail, express,
$
Ac
1885-86.
$
1886-87.
$
6,079,542
1,617,236
860,139
5,669,236
2,100,469
969,051
6,165,411
2,430.761
1,122,884
8,556,917
4,888,998
8,744.756
5,293,816
9,719.056
6.142,396
;
a>
Bet earnings
$3,450,940
3,576,660
~896,727
970,127
1,122,447
1,298,602
190,877
• 287,693
176,358
297,560
233,179
304,063
203,19o
412,372
Net earnings
Deduct—
Rentals
jB
3,197,808
1,399,206
Interest, less int. reoelved..
$3,667,919
<B
2,994,772
1,872,325
Expenses and taxes
Total gross earnings
operating expenses
j»
2,826,478
1,856,351
2,756,232
1,859,505
Gross earnings
November,
RAILROAD STOCKS AND BONDS.
1888.]
MAP OF THE
LOUISVILLE NASHVILLE
RAILROAD
AND COXNKCTIOXS.
71
J°"°t\
<fe
>
II I /
|
"madiSO^*'"
8 C 0\
IJ^r
-»
i
W>H-r
W
V
v*m
L
I
KvJvivS^ \
T.
*
"•id
J
\^.ANSING
N:
MM
3<<lr
.iit..n
**$*
X
()
Ti
^
*
"'
I'J^f^
P«orn\
jj>\
Hup
,1
/
>*__
#--f
JKfe
—
.
J
1*1'
|
X
imOiaVapoli
-i\ >
/
"
*
s
MiconJII
ITGOMERY
X
i
7p»rlcer»burg
vt -rs\Lr-
t
L.
I
°^f
/T'..
"'11,
A
>/7
i,i ...>-l'ri.
-^'
\
\
\
k
M^.
V\ V
V"
,
/»
\
-J^^^^
*
'\ ,V" rCI
vu
_»--—TCni-nj
^„
r
o
*«-
•-i. »
'
;
'
:
.
-
c
.
SUPPLEMENT.
INVESTORS'
79
[Vol. XLVII.
of any error discovered In these Table.
Subscriber, will confer a great fkvor by gi ving Immediate notice
Bond*— PrinciINTEREST OR DIVIDENDS.
DESCRIPTION
Miles Date Size, or
Amount
Par
of
of
Outstanding
For explanation of column headings, Ac, aee notes
Road. Bonds Value.
on flrst page of tables.
Louisville* Nashville -{Continued?)
2d M.. N. O. A Mob. Dlv., New Orl. to Mobile. .0*
Bouda sec'il by pledge of 2d M.8.AN.Ala.RR...0*
1st M., Boutheast.A 8t.L.Dlv..g.o' lE.St.L.toEVs
8d M ., Southeast. A St. I* Di v. «.c* i vllle A br .
Pensaoola Dlv., 1st mort., gold (drawn at 105). .c"
0*
Mobile A Montg. Dlv.. 1st M., (#2,677,000)
Pensaoola A SeTma Dlv., 1st M.,g.. ($1,248,000)0o'
pledged.
Penaa, A Atl., M.,g., guar., $1,000,000
.
,
L.C.ALCX .lBtM.,B.f.(iiotdr n),Louls.to Newport o"
c*
2dM..s. f., not drawn
do
L. A N. m. on L.C. A L.,gold,$3,208,000plagd.o*
niile..c*
per
1st mort., gold, on branches, $13,000
,
141
189
208
208
1880
1880
1881
$1,000
1.000
1,000
1881
1,0<»()
45
1880
1881
1881
1,000
1,000
1,000
1,000
1,000
179
104
185
175
175
175
103
1st mortgage, collat. trust ($7,000,000), gold..c*
...............
Car trust liens
Henderson Bridge Co., 1st M., g., s f., dr'n at 105
Louisville New Albany it Chicago—Stock
<5
1st mortgage
o*
Mort., gold, on Chic. Alnd'polisDlv
i
Consolidati-d mortgage gold (for$10,000,000)..c
M
$16,9O0.00O..o
it Tear.— 1st
, g., for
2dmort. Income bonds, cum. (payable at 105). .0*
Income bonds (not cumulative)
Louisville SI. L. <t Tex.-let M.,g. ($20,000 p. m.).o*
Louisville Southern- 1st iuort., gold <$2,500,000)e*
Li/kens Fo/.—St'k, lOp. ct. rental, 999 yra. Nor.Cent,
Until e Central Stock
1st M.,consol. Classes A, B, C A D($269,000, 5s).o*
Collateral trust bonds for Mt. Desert Branch
o
Sinking fund 10-20 gold bonds
c
_
Bonds A. A. K. RK..
Extension bonds, 1870, gold
c
Maine Central loan for $1,100,000
ioiiiOT. X. 0.
—
—
Dividends
Miscellaneous.........
.
539
288
158
520
513
513
83
21
527
304
41
"55
18
109
1881
1867
1877
1881
1887
1883
1882
1881
1872
1883
1385
18<>o-i
1870
1868
1883-84.
1884-85.
1885-86.
400,000
400,000
31,564
400,000
........
100 Ao.
&c.
1,600
100 Ac,
500 Ac.
100 Ac,
1886-87.
400,000
48,198
937,242 1,063,765
905,482
Total disbursements... 878.575
234,837
185,205
64,645
13,152
Surplus
and
7s; time loansThere are also real estate mortgage, $238,000, 5s
•200.000. at 6 per cent. (V. 45, p. 142, 212, 792, 855 ; V. 46, p. 171610; V. 47, p. 21, 109, 161, 383.)
Lone Island City Flushing.—Road from Long Island City to
Great Neck, 14 miles; brandies, 4-8 miles; total, 188 m. This is a reorfanlzatiou of the Flushing A North Side road, foreclosed December 11,
880. The stock is $500,000; par $100. The consol. bonds bear the print
ed endorsement of L. I. RR.; $600,000 of them are reserved to retire 1st
mort. bonds. The company la liable for $25,000 of New York A Flushing
bonds, due 1920. Leased to Long Island RR. for 50 years, the lessee
taking 60 p.o. of gross earn's and $17,500 for fixed charges. In 1884-5,
rental$116,537; in 1885 6, rental $102,495; In 1886-7, rental $105,841,
and surplus over charges $61,882 Austin Corbln, Pres., New York
City. (V. 45, p. 53 V. 46, p. 228.)
&
;
Los Angeles
A
San Diego. —Florence to Santa Ana, Cal., 28
miles. Leased to Cent. Pao., and rental In 1887 was $33,384. Capital
stock, $570,800. Chas. F. Crocker, Pres., San Francisco.
Lonlslana Western.— (See Map of So. Pac ) -Owns from Lafayette.
La., to Orange, Texas, 112 miles, leases extension in Texas, 7 111.; total,
112 miles. Leasedand operated by the South. Pao. Co., being part of the
through line between New Orleans and Houston. From Jan. 1 to Sept.
80 In 1888 (9 mos.), gross earnings were $690,212, against $607,836
In 1 887 net, $C29.514, against $288,018. In 1886 gross earnings were
$644,689; net, $329,207. In 1887, gross, $843,794; net, $414,836.
;
Stock
is
312,400
1,935,000
5,000,000
3,000,000
2,300,000
4,700,000
11,140,000
8,117,000
10,000,000
2,400,000
2,500,000
600,000
3,603,300
4,176,400
694,000
600,000
1,100.000
496,500
756,800
20
100
100 Ac,
$3,360,000.
Louisville KvaiiNvll le A St. Louis.— Line of road. New Albany,
Ind to Mt. Vernon, nis., 182 miles; branches to Jasper and Gentryville,
,
71 no trackage, Louisville, Ky., to New Albany, Ind., 6 m.; Huntingburg Tell City A Canuellton RR., Lincoln to Cannellton, 24 m.; total
operated, 283 miles; opened Oct., 1882. The road was formerly the
Louisville New Albany A St. Louis, foreclosed In 1878.
In Oct.. 1881,
a consolidation was made with the Evansv. Rook port A Eastern, and the
$900,000 of E. R. A E. 1st mortgage bonds stand as a prior lien on that
;
Tlie foreclosure sale was made June 9, 1*86.
The 2d M. bonds bear 2 per cent in 1888 and 1689, 3 per cent
1890, 4 per cent In 1891, 5 per cent in 18;C4 and 6 per
cent thereafter.
Second mortgage bondholders have the right at
division.
In
stockholders' meetings to cast ten votes for eaoh of their registered
bonds. Trustees of both 1st and 2d mortgages are the Am. Loan A Tr.
Co. of Boston and Noble C. Butler of Indianapolis. The slock is $1,293,562 pref. 5 per cent, non-ou mulative, and $1, 821, 247 common; nar of
all shares is $100.
The Huntlngburg Tell City A Cannellton RR.
bonds are guaranteed by this Co. In 1885-36 gross earnings were
$786,229; net, $213,357. In 1887 gross earnings, $1,023,989: net,
«s.<02,773; surplus over charges, $113,773. (V. 45, p. 142, 304; V. 46,
p. 609, 887.)
&
Louisville
NrnIi vllle. —( Sec Map.)— Line of Road.- -Main
line— Newport, opposite Cincinnati, O., to New Orleans. La., 921 miles;
Louis to Edgefield, Ky. (near Nashville), 308; Memphis to Memphis
June, 259 (to Cincinnati, 487); branches, 631; total mileage on which
earnings were based June 30, 1888, 2,119 miles.
The mileage In detail was as follows Lines owned absolutely and
through stock— Louisville, Ky.. to Nashville. 185 miles; Bardstown Br.
and extension, 37; Lebanon-Knoxvllle Br. Junction, via Livingston to
Bt.
J.
"e
Whom.
do
do
do
do
do
do
do
do
do
do
do
do
Jan. 1, 1930
April 1, 1910
pi.
do
do
do
do
do
do
do
do
do
do
do
do
March
March
50 Exchange pi.
Y.,
1921
1980
Oct. 1,
1907
Nov.
1,
1,
Nov. 1,
April 1,
Sept. 1,
1931
1937
1931
1889
1931
July
1910
May
Philadelphia.
.
1,
1,
Mar. 1, 1920
Nov. 1, 1931
Mar. 1, 1931
Aug. 1, 1921
Jan. 1, 1897
N.Y., Nat.Bk.Commerce
1,
Aug. 1, 1911
do
do
AA
Apr. 1, 1916
do
do
g. A. A O.
4g. M. A 8. N. Y., R. T.Wilson A Co. Sept. 1, 1934
Sept.
S
do
1, 1934
M. A
do
5
Sept. 1, 1934
do
do
M. A S.
6
Feb. 1, 1917
erg. F. A A.
N.Y., Central Tr. Co.
6g. M. A 8 N. Y.,Han. Nat. Bank. Mar. 1. 1917
Oct. 2, 1888
<}.-J. N.Y, office, 13 William
Portland. Me., office. Aug. 15, 1888
3
F. A A.
April
Bost..2dNat.Bk..APoit.
1, 1912
A7 A. A O.
June 1, 1923
New York City
5
J. A D.
Feb.
do
1, 1905
F. A A
do
1890 to 1891
do
do
S* M'nthly
Oct.
1. 1900
do
do
A. A O.
July 1. 1898
do
do
J. A J.
f
6
5
J.
F.
A" J.
Due.
Slocks— Last
Dividend.
Payable, and by
N. Y., 50 Exchange
A.
§*• M.
3 g. M.
M.
£ «• M.
M.
6
F.
81)2,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
A J.
A O.
A S.
A S.
A S.
N.
A
8*
A S.
A A.
7
J. A J.
A. A O.
7
eg. M. AN.
5 g. M. A N.
M. A N.
I*- A. A O.
6g. M. A S.
6
6
50,000
1,539,000
2,500,000
1,000
1,000
1,000
1,000
1,000
When Where
<v n?° Payable
$1,000,000
1.960,000
3,500,000
3,000,000
585.000
Pledged.
Pledged.
2,000,000
2,850,000
100
1880
1881
1886
1886
1886
1884
1887
1887
pal, When
TjntA «ai»
*
1
miles
also, as joint lessees with
the Central of Georgia, is Interested In the Georgia Railroad
and Its auxiliaries, 729 miles. Grand total of roads owned, leased and
controlled by ownership of stock, June 30, 1888, was 4,015 miles. In
1837 arrangements were made for extension of a line which will conneot
with the Clinch Valley Division of Norfolk A Western.
The Louisville A Nashville was chartered
Organization, Leases,
March 2, 1850, and opened between Louisville and Nashville November,
The liabilities for interest on the auxiliary roads are treated
1859.
mostly as belonging directly to the Louisville A Nashv. Co. The Southeast. A St. Louis RR. is leased for 49 years to the Louisville A Nashville, which owns and has pledged under the collateral trust deed of
1882 $980,000 out of the road's *999,500 stook. The fiscal year of L.
A N. ends June 30. Annual election is held early in October.
Stock and Bonds.— At the close of the fiscal year (June 30i 1880 the
oapital stock was $9,059,361, and In Nov., 1880, the stock dividend of
100 per cent was made, raising the amount then to $18,133,513.
In 1871, 7 per
All the dividends paid since 1870 were as follows
cent; In 1872, 7 per cent; in 1873, 7 per cent; In 1877, l"a per cent
In 1878, 3 per cent; In 1879. 4 in 1880, 8. and 100 per cent in stoek ;
in 1881, 6 ; in 1882, 3 in 1888, 5 per cent in stock.
Prioes of the stock from 1872 to date have been: In 1873,
50379; in 1874, 53359; in 1875, 36*3340; in 1876, none; in 1877,
26341;lnl878, 35339; In 1879, 3538981; in 1880, 773174; in 1881,
79®110J2; in 1882,46133100%; inl883,40aB358is; in 1884. 22»a 3511%
In 1885, 22351%; in 1886, 33»b369; in 1887, 54% *70>4; in 1888 to
Nov. 16, incl., 505e364i4.
The general mortgage of 1880 on 802 miles (Central Trust C J., trustee)
is for $20,000,000, of which the balance unissued Is reserved to pay
oft all prior liens on 392 miles, the other 410 miles being subject to
about $8,750,000 bonds which are not so provided for. The bonds subjeottoa drawing sinking fund of lijo per cent of all bonds Issued,
plus the Interest that would have accrued on the bonds so drawn—
about $162,000 In 1887-8.
.
,
The Louisville A Nashville Lebanon- Knoxvilie bonds of 1881
(pledged under collateral trust 3d mort. of 1832) cover 110 m.,
line
as a
subject to prior liens, and 62 miles from Livingston to State
flrst lien. The Pen. A Atlantic bonds are guaranteed by L. A N.
grant
bonds
The P. A A. has issued to the L. A N. $1,000,000 land
pledged for advances to the P. A A.
The third mortgage trust deefl of 1382 is made to E. II. Green and
John A. Stewart as trustees, and has a sinking fund of 1 per sent
annually, the bonds being purchased or drawn ana paid off at 110. These
bonds are also redeemab'e at any time at 1 10, and are convertible into
stock. The bonds are secured by a 3d mortgage on the road ( ucludingthe L. C. A L. RR., 175 miles, and the New Orleans A Mobile Div.,
141 miles) and by pledge of a large amount of stocks and bonds (see
V 45 p. 475), the par value of bonds being $9,633.00 and stocks
$18,529,700 total, $28,162,700. The bonds so pledged are mentioned
*
in the table above.
The 10-40 adjustment mort. of 1884 (trustee, Central Trust Co.)
the
prior
liens,
subject
to
branohes,
main
line
and
of
783
miles
oovers
and is a second lien on the trust securities pledged under the trust
deed of 1882. See V. 39, p. 409.
The mortgage bonds of 1887 on branches are issue! at $15,009 per
mile. U. 8. Trust Co. is trustee of the mortgage, and tin lien covers the
Cumberlaud Val. Br., the Ind. Ala. &Tex. RR. and others. (V. 44, p.751.)
track,
10 miles—total, 1,000
;
Ac—
:
:
;
;
„
.
>
;
The 1st mortgage trust bonds of 1888 (trustee. Farmers' Loan A
Trust Co ), are secured by bonds on the Birmingham Mineral RR. at
$25,000 per mile, and on the Owensboro A Nashville RR. at $2 >,000 per
mile.
(V. 46, p. 511.)
__
_
i
The Pensacola Division bonds are subject to a drawing sinking fund
$5/00 till 1900. incl., then $10,000, and so increasing.
The Henderson Bridge Co. bonds are not a liability of the L. A N. The
Jcllloo. Ky.. 171: Memphis June, to Guthrie, 46; Mem. Clarks. AL., bridge Is owned by a separate company, with a stock of $1,000,000
Guthrie, Ky., to Paris, Tenn., 83: Memphis A Ohio RR., Paris to Mem- (par $100), 01 which the L. A N. Co. holds $501,000; the Bridge Co.
phis, Tenn., 130; Ev. Hend. A Nash. Dlv., Henderson to Nashville, 135, is guaranteed gross receipts of $200,000 per year by the several roads
aurt branch, 16 (785 of the foregoing 803 miles are oovered by the using It, and dividend of 2% per cent is paid each Feb. and Aug.
10-40 adjustment mort.): Cumberland Valley Br.. 30; Princeton Br., 53;
Operations, Finances, Ac—The Louisville A Nashville system has
Mobile ft Mont. RR.. Mobile to Montgomery, 179; N. O. Mobile A Texas been developed in its present extensive form since 1879; the 100 per
KR.. New Orleans to Mobile, 141: Southeast A St. Louis RR., East St. cent stock dividend was declared In 1880 and a few dividends afterLouis, 111., to Evansvllle. Ind., 161, and branches, 47; Louisv. (Jin. A wards in oash. but from '82 to '88 nothing was paid. Under a plan
Lexington RR. Louisville to Newport. Ky., 109, and branoh to Lexing- adopted in 1838 (V. 46, p. 45, 255) 2 p. o. in stock was paid in Feb.,
Pen >acola A Selma Oiv., Selrua, Ala., to Pensaoola Juno., Ala., Ib88, 'o represent surplus earns., and 'his policy was voned to be pursued
«SP'n '
80; Pensaoola Div., Pensaoola, Fla., to Pensaoola June., Fla., 44; BirJuly, 18m0, but not to exceed an issue of $5,000,000 stook iu all.
mingham Mineral RR., Birmingham, Ala., to Blockton and branches, tillThe
annual report foi the year ending June 30, 1338. was published
7d; other lines, 16; total owned, 1,788 miles. Leases- Nashville & in the Chronicle, V. 47, p 411, and gave full details or the year's
Decatur RR., Nashville to Decatur, 119; other lines, 24; total, 142 operations. The surplus net Income over annual charges was $1,608,miles. Operates for account of So. A No. Ala RR., aeoatur to Momomery, 182, and branoh, 6. Total on which earnings were based,
From July 1, '88, to Sept. 30, '88 (3 mos.), gross earns, were $4,074,:
of
'
.
I
119 miles
Operates under lease for account ot various companies— Cumberland
'2 k.r -l Lebanon to Greeusburg, Ky. (31), and Shelbyvllle to
2,
Bloomfleld,
Ky. (27), 46: Mammoth Cave RK., 10; other lines, 21 miles.
.
,
Also owns the Richmond Branch (leased to Kentucky 'entral). 34
Mies, and the Cecillan Branch (leased to Ches. O.
80. W.), 46 miles,
controls, by ownership of a majority of the stook, the Nashville
Chattanooga A St. Louis RR., 650 miles; the Owensboro A Nashville, 89
5"**
JPenaseola
Atlantic, 160 miles; the Nashville Florence
(
A
na
A
,™RB., 91 miles; and
HMsnula
Henderson Bridge and
A
connecting
193, against $4,131,133 In 1887; net, $1,510,389. against $1,690,427.
For 1887-88 the report was in V. 47, p.
Fi*cai year ends June 30
409, 411, for the Louisville A Nashville proper.
1887-88.
1886-87.
1885-86.
1884-85.
$13,936,347 $13,177,018 $15,080,585 $16,300,241
Total gross earns
10,267,535
9,047.053
8,213,295
Operg ex. (exol.tax.) 8,182.255
Netearnlngs
Perot, of ex. to earn.
$5,754,092
58-71
$1,963,723
62-33
$8,033,532
59-99
$6,0^2,706
62-76
—
J
NovEur.F.K,
—
RAILROAD STOCKS AND BONDS.
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LOUISVILLE,
^^
—
Anew albany & Chicago
V^9
N
AND
""•""T
—
RAILWAY
ITS
CONNECTIONS.
/
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1
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1
—
:
SUPPLEMENT.
INVESTORS'
74
.
;
XLV1L
[Vol.
a great favor by giving Immediate notice of any error discovered In these X ablea.
Bond*— PrinciINTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Dne
Amount
Par
of
For explanation of column headings, Ac., nee notes
Outstanding Rate per When Where Payable, and by Stocks— Last
Value.
Payable
Whom.
Rond.
Bonds
Cent.
of
tables.
Dividend.
on flrsi page
Saa-serlbsra will confer
DESCRIPTION.
.
Maine Otntrol— (Continued)— Imp'vemV'A" A
oropean A North American (Bangor loan)
o
r
Portland A Kennebec, consolidated mortgage
Mmnehes.* Law.—8took,10p.c.ren'l till 1937.B. AM.
.
Metro pol. El.. 1st M., $600,000 p. m., $ A £ ...<•*
0*
do
2d M. (guar, by Manhattan)
H. Y. Elevated. 1st M.(payable at 105 after 1896)
(for
$15,000,000)
Consolidated mortgage
56
36
30
71
26
32
18
18
14
M.,gold,(M»r.Mlneral>
Marietta Columbus
Marietta <t .VorIA Georgia— IstM.. gold, $7,(HH> p.m.
Coimol. 1st M., g. $4,500,000 ($17,300 p.m.!.. 0*
"45
112
o*
Pref. stock (6 percent rental, D.S.S.A A.)
1st m.. M.AO., s.f., redeem, at 110 (Int. guar.)..o*
156
50
90
<t V.— 1st
156
Mortgage for extension, Ac.
guar)
o*
A
Miss. Dlv.
181
OonsoLgold ($1,400,000 lstm. on 93m. In Tenn.)
292
292
(Int.
"Si
JfcmpAu * Charleston—Stock
1st
A
330
2d. inort. extension bonds, Ala.
1869 $566ao.
1871 10(> Ao.
1866 100 Ao.
1865 100 Ao.
100
100
1.000
1878
l.ooo
1879
1876
1,000
1«88
i.obo
1886
lOOAo.
1883
1.000
1881
l.OoO
1887
100
100
1872 100 Ac.
1,000
1878
1883
1,000
1,000
1885
25
1854
Mexican Centratl ilcj-icoj — 1st m,g.($32,000p.m).c* 1,530
Income bonds, con v., not cum. ($6,400 p. m.)
r
Oonpon notes for interest funded, red. at 100...0*
Debent.(secii.byoollnt.>(V.39.p.733),red.atlOu.o*
g. ($9,000 p. ml.'.or'n at 100 .c* 1.084
SdM.,ser." A,"g., inc. aocum (for $16.675.000). c* 1.064
2dM.. ser. "B,"g.,lno non-ao. (for$16,675.000).r 1064
Mar. .Vo(.— 1st M..
i'.obo
l.ooo
1884
1,000
1881
1.000
1881
1884 100, Ao.
1,000
1885
1887
1.000
1887 5O0A0.
1887 500.Y.C.
INCOME ACCOUNT.
1884-85.
$5,754,092
Inoouie from invest'a
198,591
$4,963,723
207,807
479,858
$6,092,706
528,828
Totallncome
$5,952,683
$5,171,530
$6,513,390
$6,621,534
$379,845
58,333
$3fi5.317
15,000
4.118,207
118.895
55,470
$375,557
15.000
4,249,473
130,33^
8,440
1887-88.
4«a
1,000,000
633,000
425,000
1,166,700
1. 000.000
25,061,940
10,818,000
4.000,000
8,500,000
Nil.
1,000.000
650,000
551,000
1,410,000
2,378.670
J.
J.
.1.
3,278,456
1,427,500
576,200
1*500,000
1,400,000
5,312,725
2,155,000
105,000
2,264,000
l.OOo.OOO
46,155,000
9,7:11, "00
3,825,570
2,500,000
10,500,000
12,265,0 '0
12,265.000
William.
1886-87.
$6,033,532
Receipts—
Het earnings
1885-86.
A J. Boat., 2d Nat.Bk.A Port.
6
A J. Boat., Merch'ta'Nat.Bk.
J. A J. Bost. 2d Nat. Bk. A Port.
6
6
Q.-J.
do
do
A. A O.
do
do
6
M. A N. Manchester and Boston.
5
1
N. Y.. 71 Broadway.
Q.-J.
J. H.Y., Mercantile T. Co.
g* J.M. AA N.
do
do
7
J. A J.
do
do
do
5 g. J. A D.
do
M. A S.
do
5
do
M. A N N.Y., Farmers'L.AT.Co
A J. N.Y., Smith.Oakinan AR
if.
do
do
2* J. A J.
N. Y., 10 Wall St.
3
F. A A.
8
J. A D. N. Y., Chase Nat. Bank.
M. A S.
6
do
do
do
6
J. A D.
do
A.
6
A O.
do
do
"7"
J. A "j. N.Y.,W.H.BrownABros.
do
7
J. A J.
do
do
do
7g. J. A J.
do
do
6 e. J. A J.
Boston, Offlce.
4 g. J. A J.
July 1
do
3
10
do
J. A J.
10
A. A O.
do
« g. J. A D. N. Y. National City Bk.
6g- M. A 8.
$450,000
••B"
6
g.
April
1
Dowd, President, N.Y.
1916
A 1917
Jan. 1, 1894
July. 1896
July
1,
1891
April 1, 1895
Nov.
1,
1,
Oot.
1888
1889
July 1. 1908
Nov. 1, 1899
Jan. 1. 1906
1988
Mar. 1, 1916
May
1915
1911
1937
In 1883
Aug. 15, 1888
June 1, 1892
Mar. 1, 1908
June 1, 1923
April 1, 1925
1,
July
1,
Jan.
1,
Jan.
1.
1915
1915
Jan.
1,
1915
July
July
July
1911
1911
June
1,
1,
1,
1,
1,
July
July
1,
1,
Jan.
1889
1895
1927
1917
1917
(V. 45, p. 437; V. 46, p. 102,
191
381.)
Louisville New Orleans & Texas— (See map)— Line of road
Memphis, Tenn., to New Orleans, La.. 456 miles Leland to Huntington,
Miss., 22 miles; Washington Co. branoh, 35 miles— total owned. 513
miles. Leased -Clinton to Port Hudson, La., 22 miles total operated,
53 1 miles. This road was built in the Interest of the Huntington system of roads, and forms the oonneoting link lu that system across the
Continent from Norfolk to San Francisco. The lnoome bonds are a tlrst
mortgago on 750,000 acres of land in the Yazoo Delta. The seoond
mortgage bonds are '* Incomes," receiving interest only whe'i earned;
but no Interest is payable till March 1, 1889; unpaid interest is cumulative, and bears interest at the rate of 5 per cent
these bonds may bo
paid off at 105. The Uniou Trust Co. of New York is trustee of the 1st
and 2d mortgages, and Edward H. Pardee and Albert Crolius of a new
land grant income mortgage which has been executed to take, up the old
income bonds but none yet issued. Stock is $5,000,000.
From Jan. 1 to Sept. 30, in 1888 (9 months), gross earnings were
;
—
;
Disbursements
Taxes
Dividends on M. A M.
Georgia RR. detlcit..
4,026,543
116,242
49,299
Pens. A Atl.
del.
Miscellaneous
Stock dlv'nd (5 p. 0.)
$370,814
15,000
4,085,706
117,095
44,815
7.542
10,297
Rentals.
Interest on[debt
RR
3.153
238,943
;
1,518,000
Total disbursements. $4,637,808 $4,643,727 $4,681,338 $6,530,765
Balan ce, surplus'.... $1,314,877
$527,803 $1,832,052
$90,769
* In 1881-85 $42,012 lnolnited in expenditures was to be refunded,
increasing the surplus by that amount; In 1885-86, $164,692 was to be
refunded; in h+MT, +100,591 was to be deducted trom the surplus
and in 1887-88 $218,869 to be refunded.
;
GENERAL BALANCE AT CLOSE OF EACH
Assets—
1884-85.
1885-86.
Road.equlpment, Ac. $67,930,874 $68,433,991
Timber A quar. lands
689,94
598,746
Stocks owned
2.005,590
1,298,347
Bonds owned
4.249,861
4,435,098
etks&bdfl. hildintr'tt 9,527,878
9,527,878
Bills A acc'ts. recelv.
1,771,487
1,915,654
Materials, fuel, Ac.
726.624
926,262
Cash on hand
•104,714
303,976
So. A No. Ala. RR...
1,733.805
2,071,723
Nash. A Dec. RR....
603,250
618.148
Other roadBfl
1,567,793
635,978
Claims in litigation..
850,808
850,808
Sinking fund
50,000
Profit ami loss
2,479,344 2,068,666
Total assets...
Liabilities—
.
FISCAL TEAR.
1886-87.
1887-88.
38,936,040 $72,104,199
474,(91
431,816
1,708,98
1.921,307
7,223,059
6,262.598
9,527,878 12,o27,878
1,-51,439
2,056,612
1.044,803
1,218,018
1,375, 43
213,987
615,500
663.591
165,812
850,808
1
178,432
632,140
2,230,913
850,808
$94,591,970 $93,705,275 $95,034,024 $99,834,892
Btock
$30,000,000 $30,000,000 $30,000,000 $3 518,000
61,958,314 61,355.254 61,999,596 64,046,660
850.000
201.000
Bills payable
189.279
41,229
377,796
474,229
Interest
499,435
501,528
504,929
527,360
Sundry accounts....
34,774
34,327
327,918
314,865
June pay-rolls, Ac.
1,(160,168
1,571,937
1,287,874
444,822
Profit and loss
535,911
508,956
Bonded debt*
Louisville bonds
Total liabilities.. $94,591,970 $93,705,275 $95,034,024 $99,834,892
The bonds deposited
*
in trust have been deducted here.
X Less
H Advances, Ac
4
4a7
-4Tl,
472,474;
V.
46, p. 45. 75, 255, 353,
?J i,S2' M: ?2,
481, 511.
678, 739, 771 302; V. 47, p. 109, 161, 201, 400, 410,41
1|
bonds pledged.
2
7- 4 p
'
426, 472.)
lty
4 ? miles; Orleans. Ind., to French Uok Spr., 18
. V
owned 5l mile" leased-Hammond to Chicago, 20 miles
'5,
EirV
Howland
s Junction to Indianapolis, 4 miles; New Albany to Louisville,
*
.
>
,
iI?i
;
2 9 "'•
SUPl
We8 In<L
:
#!Si
.
ttt
£
^,t*.
539 m. A lease for 999 years
* 127 -9$° Per year gives entrance to Chicago.
totiU operated,
New Albany A Chicago was opened in 1852 and sold
t^SMS ,ltovllleUCC
2
18 7 a,
reorKam7ed fa Aug.. 1881, consollda£wiTJu(
Z',Ind. ^.
daUd
with Chicago A
Air VLine, and stock Increased to $5,000,000,
-riJJ
,
-
<1
,
1
PI'M
Of the
-
,
l*" r<,,,|lt
bicreaae to stockholders of reoord Aug. 31/
oonso b ds of '86, $5,300,000 was reserved for prior first tnorts.
1888 < 9 mos.), gross earnings were
('".^P'-JIJ"
183, •«»«?"*
»1.«79,500; net, $598,706, against $502,071.
•\g2ii
en
,H Dec 31 *
Tue
annual
report for 1887 was in V. 46,
„ »2?^
p. 381. Earnings, expenses and charges have been as follows
-''
.
..T,?,"'
V"
'
*
:
INCOME ACCOUNT.
Gross earnings
Operating expenses
„**•*
1885.
'.'.[
'*™1»K»
r.c or op. ex. to earns.
*P
Netearnlngs
$551,221
$722,083
INCOME ACCOUNT 1887.
Net earnings
$722,083
Taxes, rental and mis. cxnenses
lntereston bonded debt
$103,225
415,600—548.825
Surplus income
$173,207
Mr. R. T. Wilson, Pres.. N. Y. (V.45,p.512; V. 46. p. 417 )
I. on -Kviltc
St, l.ouis 8c Texas —(See Map.) Louisville to Henderson, Ky., 140 miles. Has contract with chesaneake Ohio A Southwestern for joint ui-e of tracks from Louisville to West Point Ky 20
miles. Trustee of mortgage. Central Trust Cc Stock, $2,100,000;
liar, $100.
Financial agents W. V. McCracken A Co., 42 Wall St., New
York. (V. 47. p. 381, 555.)
Louisville Southern.— Owns from Louisville, Ky., southwesterly
Comnleted In May,
to Burgiu on Cincinnati Southern RK., 82 nuVs
Exf-nsion projected. Stuck, $2,600,030; par, $100. (V. 46, p.
1888.
480; V. 47. p. 4 .9.1
Lykens Valley. Owns from Millersburg, Pa., to Williamstown.Pa.,
20 miles branch, 1 mile total operated, 21 miles. It Is a eoal road
leased and operated by the Northern Central Railroad sinoe July, 1880.
and previously by the Summit Branch RR. The lease is tor 999 years
from March 1, 1866, and the rental Is $62,500 per annum.
From Jan. 1 to Oct. 31 lu 1888 (10mos.),grjss earnings from coal and
mining operations were $845,540, against $623,987 in 1887; detlcit,
$16,287, against $106,532.
Maine Central.—Mileage as follows Main line, Portland to Banbranches, Cumberland Junction to
for. Me., via Augusta, 1366 miles
kowhegan, 90-7 miles; Bath to Farmlngton. 71-2 miles; Crowley's
Junction to Lewiston, 4-7 miles total owned, 303- 2 miles. Leased
Burnham Junction to Belfast, 331 miles ; Newport J unction to Dexter,
14 miles ; Brewer Junotion to Bucksport, 181 miles Bangor to Vanoeboro, 114*1 miles; Penobscot Switch to Mt. Desert Ferry, 41-7 miles ;
total leased, 221 miles. Total operated Sept. 30, 1887, 527-2 miles.
In August, 1888, leased Portland A Ogdensburg f or 999 years.
There are also $58,000 5 per cent debenture bonds due 1894 and
$42,000 Shore Line b per cents, due 1923.
Fiscal year ends Sept. 30. Report for 1886 7 was in V. 45, p. 854.
FISCAL RE8ULT8.
1883-84.
1884-85.
1885-86.
1886-87.
Total gross earnings $2,816,373 $2,839,779 $3,001,076 $3,142,407
1.820.710
1,750,710
1,730,902
Expenses and taxes.
1,948.480
$1,065,663 $T, 108,877 $1,180,336 $1,193,987
Netearnlngs
—
,
.
—
;
;
:
;
;
;
"*- ? ew A,b »»»7 A Chlcago-(Seemap)-Operates from
nR°??,
Bew
Albany. Iud
(opposite Louisville, Ky.), to Michigan City, Ind., 289
miles; How land Junction to Hammond, Ind., 160 miles; Bedford. Ind..
11
;
$1,581,991, ag-iinst $1,351,787 in 1887; net, $339,173, asrst. $334,901.
Annual report for 1887 was in Chronicle, V. 41, p. 447
1886.
1887.
Oross earnings
$1,803,784
$2,213,211
Operating expenses
1.252,562
1,521,128
Italucl—
RentaTsVins'A'Vaxes:::".'.":.".".'.
"
Int. on car trust bus
Total charges
Balance.
$1,680,454
1,332,035
$348,418
79-27
$3 6 3
2 17' 951
50.000
1886.
$1,919,189
1887.
1,278,528
$2,295,623
1.489,698
$640,661
$805,925
6602
$161,538
223,8i,9
50,000
"P37.25T
$. 35.407
-CS88,8SS
—$94,747
6489
$549,811
228,641
25,000
$803,455
+$2,469
Receipts
INCOME ACCOUNT
—
1883-81.
Net earnings
Other receiuts.
1881-85.
$1,065,663 $1,108,877
10,421
7,828
$1,076,084 $1,116,705
1885-86.
$1,180,336
7.400
$1,187,736
1836-87.
$1,193,927
8.870
$1,202,797
Total lnoome....
Disbursements
$189,000
Rentals paid
$189,000
$189,000
$189,000
Interest on bonds.
661,395
701,767
707,130
717,068
Dividends
215.532
215.541
215.578
215.598
Total disbursed $1,06 -.927
.,927 $1, 1O6.309 $l,lll,708 $1,121,666
Balance, surplus ...
$10,157
$10,397
$76,028
$81,131
-(V. 45,p. 820, 854; V. 48, p. 573; V. 47, p. 50.)
Manchester A Lawrence.— Owns from Manchester, N. H., to
Mctiiucn (State Line), 22*4 miles; leases Methuen Branch, 3% miles; total operated. 26 miles.
Road id operation since 1849.
Leased for 50 years from Sept. I, 1887, to Boston A Maine at a rental
paying 10 per cent dividends. The fiscal year ends Maroh 31. Gross
earnings In 1885-86, $177,802; net, $10o.oo9. In 1886-7, gross, $ 172,524 net, $100,691.
__&
—
.
;
Novmnum,
RAILROAD STOCKS AND BONDS.
188?.]
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AND
TEXAS RAILWAY,
AND CONNECTIONS.
r
November,
-
:
RAILROAD STOCKS AND BONDS.
1888.]
.
7T
Subscriber* will confer a great favor by giving Immediate notice of any error discovered la these Tables.
DESCRIPTION.
For explanation of column headings, Ac., see notes
on flint page of tables.
Miles
Date
of
of
Par
Road
H.. ii.Im
Value.
—
1-17
.Vat— (Con.) 3d M. deb (inc. not cum), g. r.
1880
Texas-Mexican. Corpus ch s D.AR.G. 1st M, gd.r* 161
a*
161 18S1
lit if. gold ($15,000 p.m.)
do
m Outiral Otook
1,502
270 1872
aaisHilitrl mortgage (t2.000.000 are 5s). .c A
o. A r
103 1870
M. C. Michigan Air line mortgage
Michigan Air Lin* 1st M.. aatamed by M. C.e A r
10 1870
84 "79-88
M, C. bonds, mort. ou Grand River Val RR..C. A r
Sal. A 8. EI., 1st A 41 m. g.*70.0 JO2.lsdue'90 car
39 •69-70
84
Orand River Valley, stock, guar
145 1872-3
Detroit A Bay City 1st en'd. and bridge ...c. A
.
.
oa Detroit A Bay City Railroad.. c. A
inatagA Saginaw, consul, mort. CAr
Jsckson Lannlna; A Saginaw consol. mort.. ..c. ir
MuUltoamUnMW. Ooa-lstm. cxt- 25yra ln'86.o
c
2d mort. guar
do
do
'
Wett—Oommm
Mite. Laic* than*
Preferred stock
)
145
236
Hi
13
..
MS
M
i
.
c
Division. 1st mortgage, gold
Bt. Paul Eastern Or'd Trunk. 1st, gold, tnt.guar.o*
I
4}
5-;
.
BqnlpTbds. 1885 (•100,000 red. yearly from '90).
0*
Convert, debenture* for 92 .000.000 gold
1st Ms. on 11 .r ley A On ton. branches (dr. at 105).c
1
85
40
Lak* Winnebago— l*l mort.,
"
.0*
gold.
Did (cumulative)
tpayaint
till
ISM.
oriAsrsv— 1st mortgage.
(#17.0
.000 per mile)..
..
c-o-
..."e*
16
65
65
1-.-U
1811
1889
1884
188 >
18-3
1885
1888
1187
LS88
1888
1889
1884
126
177
mo
li-l
1.0(H)
100
1,000
l.ooo
1.000
1,000
1,000
100
1,000
l.ooo
l.ooo
1.000
100 Ac.
pint
307388
la teres!
and
rentals.
.
•3.032.584
1.459,048
Ml
Deduct dividends
..
1360,000
300,191
1360.000
250,000
1,000
1,000
l.ooo
1,000
I.
"«>
1.IMXI
l.(KH)
l.ooo
l.ooo
5301.000
*-il-.7tl
• 11,132
•99381
untM-r of pat-enger* carrlrd on the elevated railroads In
the gross earnings, aloes the completion of the roads:
rXUg tHBtt ay
Earning:
Pn sss se- rrs.
•8.723932
93.526,825 1883-94.. 90,702320
.4034
-
.
1880-81.
18-1 89
18-2 -3
-(V. 45.
.
5373,633 188007.158303.232
0386.500 1887-88.. 171,529,789
-.041. 073, 727,
Bk a
950.802;
103,354.729
•318379 1884
5311376 188540.115.109391
0033
75385,778
88301.039
•3,134343
V. 47, p. 188.
956; V. 46. p.
7,000,566
7390316
8.102.662
8373.871
75, 228, 389 511
••*. 594.)
abas A Northern.—Lie*
Map) -Road from Marl
O ,,441 udleo; branch Big Run to Stuart. 4 m. Formerly
etta. I)., to Joy. II
the Mark Its Mineral road, and name changed (no foreclosure). The bond
tome la limited to 9650.000 on 45 miles of rood. An extension North
to a eonnertl on with the Columbus A Eastern Is under eonstrui-ilim.
That eompaay controls shipments from the Federal Valley coal mli.es
ad coke ovens. From Jao. 1 to Oof. 31 In 1888 (10 bmw.) gross earnings were 971332. agalnat »55.842 m 1887: net, 930,926. against
89344. In 1887 oetearnmga were 945,210. aurplua over flxed charges,
90,2.0. Walter Stanton. 80 Br<8kdway. N. Y.. Pre*, (V46.D.39.)
arietta At north lleorfU-ldM Mav>- Owns Marietta. <ia. to
Marphy, N. a. Ill miles, and branch. 7 miles; total. 118 miles. Road
Ii under construction north to Kaon tile. Tenn.. and south to Atlanta.
Oa., which wt'l make total mileage. Including branches, 260 miles.
About BleViO.000 has been subscribed by
Block la 8136030V.
totoieeted parties. Including •375300 be the city of KnoxvUle. The
Oaotral Trust Co. of New York Is trustee of the eoneoL mortg., 1st ued
to extend the road, widen the gang* and retire old bonds. Alter 1897
815300 yearly win be paid to a sinking fund for these bonds. The old
bom' of the new Issue.— (V. 46. p. 75;
bondholder* can exchange tor bonds
arietta
<
..In
'
V. 47. p. 499.)
IW
!.-(*•
Map Dululn South
.flarajaette Houghton A Ontonagon.
'
alien., to Houghton, 113 miles;
tknre I A.)
a.) -Owns from Marquette, Mich.,
43 muss total operated, 156 mile*. Has a land grant of about
HooomL.
-.
largely of transportation of Iron ore.
li87. to the Duluth Houth Shore
n perpetuity
tatty fro-u April 15, 181
Lwjiilto
.-Titai being
i>ein< Interest
interest on
n bonds and •196,707 in cash
A Atlantic KB., rental
lal to 6 per cent yearly on the pref. s ock as It atands above.
In year ending Feb. 15, 1888. »n>'s earnings were •1,110,264; net,
8619,726-. am plus above fixed charges. 9195,954; dividends paid 16 per
eent) •196,707; loss to leaser. 9754.
(harlestoa.— (See Map of Katt Tennene* Virginia * Osarffto).- Owns from Memphis to Stevenson, Ala, 272 miles;
14 miles, to Florence
miles; leased, Steven
loBomervllla
toamjhae
Chattanooga, 40 miles total operated. 330 miles. Of the eon
aortgage, 91,400,000 are secured by the old Tennessee State
1,730.906. assigned to a trustee, and thus stand higher In
iere ate also 9—
ear trusts.
In Sept., 1885. plaoed a
The East Tennessee Virginia A Oeorgla
msjortty of the stork (which It owned) In the Central Trust Co. for
control
The validity of this ownership or stock la contested by the
-
1
,
Memphis A
;
i
—
RR
.pending.
InoiItT"
From July I t«. 8ept. 30 In i.. gross earnings were 934 1,-alnst •1.17,912.
710. agalnat 9423. t- u.
-. gross 91,759,732; net. 9490,757;
In the year en.)
surplus over Interest. Ae., #1'
For th* year ending June 30, 1987, gross earnings were 81,606,772,
.
i
2 s
z«-
Ma*
jTa
Botuls— Principal, When duo.
by
Slock*— Lass
Dividend.
l
j. N. Y. Office,
32 Nassau.
July
1937
1, 1901
do
A J.
do
July 1, 1921
I* F. A A. Orand Central Depot. Aug. 15,
1888
7A5 M. A N N. Y., Union Trust Co May 1, 1902
,J. A J.
8
do
do
Jan, 1, 1«90
M. A N.
8
do
do
Nov. 1, 1890
M
S.
6
do
do
Sept. 1, 1909
M. A N.
8
do
do
Nov. 1,
-90
J. A J.
do
do
July, 1888
2>a
M. A N
do
8
do
May 1, 1902-3
5
do
do
Mar. 1, 1931
, ;* &
8
do
do
Sept. 1, 1891
M. A 8.
6
do
do
Sept. 1, 1891
M. A N N. Y., N. Y. Sum. AW. Nov. 1, 1911
1,281,000
1,000.000
973.000
100.000
500,000
1,0. H)
1.000
1,000
1.000
INTEREST OR DIVIDENDS.
When Where Payable, and
Payable
Cent
Whom.
Kate per
500.000
130,000
1,000
1,000
01.578.133 91.918,741
1.560,000
1300.000
85..
87.040,000
880,000
1,380,000
18,738.204
10,000,000
1.900,000
200.000
1,500,000
710.000
491.200
434,000
3,576.000
1,722,000
1,087,000
150.000
2,000,000
5.000,000
4.530.000
83366.024 83.132,212 83.472.831
1,554 080
1.806,393
1.554.C80
91.659,031
Outstanding
100
100
m
4.970.450
Amount
BOMta
tlanhatian F.lcvsled. Road operated. 3239 miles. This was a
•orporatlon formed (Nov. 24, 1875) to lease and operate the two elevated
railroads In New York City. The original lease of May 30, 1879. guar
ajtleed 10 per cent per annum on the stocks. In Jane, 1884, ail Uabillttes were assumed, and new stock was Issued, by the Manhattan Co., vis
For Miahat-ao, 85 par east In new stock; for New York, l2o per cent;
lor Metropolitan. 1 10 per eent, making the whole stock *2rt,OK),0>;0.
I an largo claims pending against the elevated roads for damage
to nunejij on their lines, and many of these era before the courts. In
June, 1888. It was resolved that the balance of net earnings, after paylag the dividend, be appropriated to the payment of Judgment" and
claims against the company for damages to abutting real estate, and In
1887--81 there was so paid •51 3.770.
Ii vMend. prior
188B to 1887,
i
rei In 1884, 1
liange of prices of consolidated stock since 1883
ela>lv». 6, in
18-4.
in
65*
1885.
has been as follows : In
l23<e: In 1886,
64i»79:
120.175-. In 1887.92 >e#I6lV. in i888 toSept.2l.taeluaive,77*j»9s»».
In 1888 the debentures of the New York Elevated were Issued for
advanees made by the Manhattan to. and In 1888 •lS.OOO.o..
bonds were authorised to cover all these and to provide for future needs,
eat none yet leaned
See V. 45. p. 856 : V. 46. p. 75
The reports foi year ending 8epk30_have shown tl» foUowlnglnoome:
:—.-.;.
1880-7.
1887-8
.97.000.5o7 87,426316 88.1O2.602 88.073.871
:
or
1,000
1,000
592
stock
.gold
r
bonds (not cumulative)
of 1882 (93O,rO0 red. /early).
u Dlv., 1st mortg gold (for 93.000,0u0ic
Funding notes
1881
1871
1880
I860
1871
81 te,
1,800.000
SfltMMO
1.430,000
520.000
900,000
3.155.000
J.
-
'V
'i',
I*
4
3".
J*
8
2*
2'-
AD
,
do
Deo. 1, 1898
Y.-arv N.Y.. N. Bk, of Oom'roe Jan. 14, 1888
do
do
Aug. IB, 1889
M. A N.
do
do
May 1, 1921
M. A N.
do
do
May 1, 1911
J.
J.
J.
M.
I*
8
2«-
A J. N. Y.. 8. 8. Sands A Co.
1892
A J. N. Y. Bk. of Commerce July 1, 192*
A 8.
do
do
Mar. 1, 1925
A J. N. Y.. 8. 8. Sands A Co. Jan., 1, 1913
A D.
do
do
Dec 1. 1889
A J.
do
do
1890-95
A A. N. Y., Bk. of Commerce Feb. 1, 1907
A O. N. Y.. 8. 8. Sand* A Co. April 1, 1896
A J. N.Y.,36 Wall St.A Bost. July 1, 1913
do
do
A J.
July 1. 1913
A O. New York A Boston. April 1, 1904
.V
N.Y., Meroh.Exch.N.Bk June 1, 1910)
A D.
do
do
June 1, 1913
I>.
1.389,000,
6
J.
8411,280; surplus over interest, etc., •20,021.— (V. 45, p. 26, 180»
239. 272. 304. 437. MS, 705. 727, 748 V. 46, p. 255.)
viexlean Central (Mexico).— (St* Map.)- In Nov., 1888, the mileage was -Main Uue. Mexico City north, to El Paso del Norte, 1,224 miles,
112 in Ilea on Tamplco Division, 11 miles on Guanajuato Branch, 160 mile*
on Guadalajara Division, and 17 miles en the Pacirlc Division, nnd a
branch, 7 iles, to stone quarry, made a total of 1331 miles. Other work
net,
;
m
in t.rogreis.
The company was Incorporated Feb.
25, 1880, under the general law
and by transfer the company holds a charter from
the Me x ican Government, granted Dee. 5, 1874.
The company has*
subside Iron, the Mexican Government of 915,200 per mile on most of
the lines, payable with 8 per cent of all duties. After suspension la
1885 the payment from duties was resutmd. and was lp.it. Jan. 1,
1887, and after that 1 per cent more every six mouths, till July, 1890,
the full 8 per cent la reached. The Incomes are convertible into stock
at par. The stock U •38,500,300.
The above 10 per eent ooupon notes are secured by deposit of coupons,
and by an amount of Met. Gov't subsidy ocrtincates equal to the principal and Int. of the ooupon notes. Of the 1st mort. bonds 92,500,000)
additional are deposited as collateral for the debenture bonds.
In Dec., 1885. It was arranged to reduce the Interest on 1st mortgage
bonds to 4 or cent, with an agreement to pay the remaining 3
per cent In any year when earned, but not to be cumulative.
•>' -th«), gross earns, were
From Jan. 1 to Sept. 30
94.187,102. against 93.434.219 In 1887; net, 91392,513, against 9MB8.380.
Or Meitosn currency).
The annual report for 1887 In V. 46, p. 572, 576, showed:
of Massachusetts,
i
INCOME ACCOUNT.
BteeifUGross earnings
Set earnings. Ac. (IT.
Net subsidy ree'd (V.
8.
B.
in:..
93,559,561
currency). 91.301,395
curreucy ).
Total net Income
590,352
1988.
1887.
93,857.706 8i.88«.57»
102.072 81. (-80.295.
58,437
204,845
91398,747 • 1,100,503 91,885.140-
Dittmtmmint*)
int. on con. of '89, cash.
Int. on st mort. bonds, cash...
Int. on debentures, cash
One year's
9394,027
7.11,110
i
187300
123371
9*192.013
736.710
187.500
84,150
9316.319
1,254,677
250,000
74,613:
91.425378
Total
Balance
-(V. 45. p.
91,201,073 81.895,602:
sur.9473.169 def.940,564 iler.«l<>,163
53. 113,437. 013, 820,856; V. 46, p. 102, 191, 537,538,
568,573.570.678.1
Mexican National Railroad viei.)— (See
Jfop)— Owns from
(
Laredo to City of Mexico. 842 miles Acaiubam to l'atxuaro, 96 tulles
El Salto branch, 15 miles; Matamo as to San Miguel. 70 miles; smal
branches, 10 miles j total ownrd. 1,069 miles; controls through ownershin of stock. Tela* Mexican Hallway, Corpus Christ! to Laredo. Tex.,
and braai-li, 163 miles other lines. 5 miles; total owned and controlled.
road wascomplet d la Septetnlier, 1889. and opened
for traffic almut Nov. 1.
The foreclosure of the former company
(Msr. Nat. Rateayi took plsoe on May 23d. 1987, and the prenunt
company acquired 716 miles of road, and the control of the Texas
Mexican Railway (rem Lared • t > Corpus Chris: 1, Texas, 161 tulles, by
the purchase of 0248,000 1st mort. bonds our of a total Issue of
9960,000; 91.190.000 2d mortgage bonds out of a total Issue of
•1,380,0.0; 93,453,750 of its capital slock out of a total iasue of
92.500,0. 0; the BrownsvU'e A Gulf Railway, 1 mile, by the purchase,
of Us capital stock of 925,000; the Texas Mexican Noithern charter,
by the purchase of all its capital stock. 9100,000.
The new tlr.t mortgage fur 9123OO.000 It a prior lien upon all the
lines In Mexico, constructed or to be constructed, and upon the abovenamed securities. The bonds are redeemable on notice at par. True tees, Hugh M. Matbesonand
liar.isMagnla-. Of the proceeds of this
Issue, • ,650,000 was provided for Interest and capital reserve, the remainder being for reorganization expenses, payment of certain debt of
old company, aud for the construction of 352- miles of main line and a
branch of about 75 miles Into the Sablnas coal fields.
Of the securities issued in exchange for old securltl s, the second
mortgage bonds series " A " are strictly oumu atlve, and not forecloaable while stock remains in rust as below stated the second mortgage bunds series " B" are u. n-cumuiatlve ; trustees, Lyman K.
Bass and J. A. Horsey. Third Mortgage Income trustees. C. J. Cauda.
and H. A. Rlsb-y. Capital stock. *33,3.>0,0 0, iila td In trust with the
Fanners' Loan A Trust Co., leaving the rond in control of first and
second mortgage bondholders until the road earns and pays Interest on
both clashes of bonds for two consecutive years, In whioii event tlie>
control reverts to the stockholders. Or the subslny from the Mexican
Government earned and to be earned, 97,000,000 (subject to certain,
charges! is pledged as security for the 1st mort. and Is to be employed In
rediemtr.g bonds If not needed to pay Ink-rest on them.
From Jan. 1 to "pr. 30 In 1888 (!) rnos.), gross earnings were $1,669,
939. against sj 1,283,982 In 1887; d. licit, #1 14,913. In last five months
of 1887 net earnings were 961.3'27. (V. 45, p. 232, 537, 678; V. 47, p.
•200.411'. 45 1.
.vncMgan Central. —Link or Road.— Main lino— Kensington to
Detroit, 270 miles; and Windsor tj Suspension Bridge (Can. So.), 22S
:
i
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78
INVESTORS' SUPPLEMENT
[Vol. XLVII.
—
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November,
RAILROAD STOCKS AND BONDS.
1888.]
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INVESTORS'
SUPPLEMENT
[Vol.
XLVI1.
NOYXMBZB,
RAILROAD STOCKS AND BONDS.
1888. J
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SUPPLEMENT.
[Vol. XLVII.
c-r-
notice of any error discovered In theae Table.
Sub.erlber. will confer a great favor h r *vH.« Immediate
For explanation of column headings, 4c,
on first page of tables.
Mine
Hill
see notes
* Schuylkill Uaren—ati, 8 % rent., P.* K.
-•
Mineral Kanae—Stock
1st mort.. duo June 1, 1888, but not paid
lstmort., (told, on Calumet extension
Miles
Date
Size, or
of
of
Par
Road. Bonds Value.
$50
137
100
100 40.
17%
12% 1873
4% 1885
Houghton extension, gold
Mortgage of October, 1886
Minneapolis <t St. L.— 1st M., Mlu. to Merriam Jon.c*
1st morUaga, Men-lam Junction to State Llne..c*
27
93
15
let mortg., Minneapolis to White B.Lake, guar.c
102
1st mortg., gold, coup. (Al. Lea to Fort Dodgel.c*
Imp. and equip. M., Ist42dser., Jun. lien on r'd.c* nt;o
53
Mort on Southwestern extension ($12.01)0 p.tu.)o*
224
3d. bds.,lnc,54 10yrs.<WhiteBeartoFt.Dodge)c>
92
o*
Extension
1st mortgage, gold, Pacific
495
Min».SI.r.aS.S'e.i[arie-N.B.at.M.ii At.lst M.g
o'
286
mile
Minneapolis 4 Paclflo— 1st M., $15,000 p.
800
Consol. M. (for $21,000,000), $20,000 p. m., g.c*
100
Mississippi <* Tennessee— \»t M., $2,500,000.. 0* 4 r
1.435
Missouri Kansas it Texas—Stock ($5,157 pref.)
182
1st M.,g,s. fund, land grant (U.P.S.Br.), red. at 110
100
1st mort,. gold (Tebo. 4 Neosho) s. f., red. at 100
70
lst42dM. Han. 4 Cent. Mo.,(2dM.,$32,00O,1892)
786
Consol. M„ gold, on road and land (red. at 100)-.
m.
per
ct.
786
5
3d m., income, exchangeable for genl.
Booneville Bridge bonds, g. guar., drawn at 100
Gen consol. M.,g. ($9,340,000 are 5s) $20,000 p.m 1,565
C
Bast Line 4 Red River
Intemat. 4Gt. North'n, lstmort., gold
C
2d mortgage, gold
do
Colorado Bridge bonds, sinh'g fd
do
776
776
1,000
500 Ac
100 4c.
1886
18s6
1877
1877
1,000
500 4c.
18V
1,000
1.000
1,000
1,000
1,000
1,000
1879
1882
1880
1880
1881
1880
1886
1888
1887
l.OOi)
1,000
1,000
1,000
100
1868
1870
1870
1871-3
1,000
1,000
1,000
1,000
500 4c
1876
1873
1880-8
1880
1879
1881
1880
1,000
1,000
1,000
500 &c
main line, 496 miles. Branches owned and leased— Mich.
Air Line RR.. 115 Jol. 4 No. Ind., 45 Grand River Valley, 84 Jack.
Lan.4 Sag., 295 Kal. 4 So. Hav.. 39 Det. 4 Bay City, 152 Bag. Bay
A No. W., 64 branches 85. Tol. Can. So. 4 Det., 56; Can. So. Br.
Co 4; Mioh. Mid. 4 Can., 15; Canada So. branches, 99: Sarnia Chat. &
«nllea- total
;
:
:
:
Bonds— PrinciINTEREST OR DIVIDENDS.
pal. When Dae.
When Where Payable, and by Stocks- Last
Whom.
Dividend.
Payable
Cent.
|
DESCRIPTION.
;
:
;
Amount
Outstanding
Rate per
4
$4,081,900
400.000
198,000
100,000
100,000
250,000
455,000
950.000
280.000
1,015,000
4,000,000
636,000
500.000
1,382,000
10,000.010
4,290,000
Q.-J.
8
5
J.
5
4
7g.
7g.
7g.
I"'
7g.
7
6g.
I
8
"
5g.
4g.
(1)
46,410,157
2,054,000
346,000
696,000
14,877,000
581,000
799,000
27,264,000 5
347,000
7,954,000
7,054.000
225,000
4 J. Phila., Office, 1198.4th July 16, 1888
July 5. 1887
Overdue.
4 D. Last paid June, 1887
A. 4 O. Last paid April, 1887. Oct. 1, 1915
Last paid July, 1887
Jan. 1, 1916
J. 4 J.
Oct, 1, 1926
J. 4 J. Last paid July, 1887
Jan. 1, 1907
J. 4 J. Last paid Jan., 1888.
June 1, 1927
J. 4 D. Last paid Dec, 1887.
M. 4 N. Last paid May, 1888. May 1, 1907
June 1, 1909
J. 4 D. Last paid Dec, 1887.
Last pal July, 1887
July 1, 1922
J. 4 J.
Dec 1, 1910
J 4 D. Last paid Dec, 1887.
Jan. 1, 1891
J. 4 J. Last paid Jan.. 1888.
A. 4 O. Last paid Apr., 1888. April 1, 1921
J. 4 J. N.Y.Mor'n.Bliss.ALond July 1, 1926
J. 4 J. N.Y., R.P, Flower 4 Co, Jan. 1, 1936
New York Agency.
July 1, 1938
J. 4 J.
Dec 1, 1952
J. 4 D. N. Y. Office, 214 B'way
J.
2%
<i
'*"
Jan. 1. 1899
J. Last paid Jan., 1888.
g J.
June 1, 1903
7g. J. & D. Last paid Dec, 1887.
7g. M. 4N. N.Y., Mercantile Tr. Co. May,189C4'92
"%
-
v-
4 A.
4 O.
N.
J. 4 D.
J. 4 D,
M. 4N
M. 4 8.
M. 4N.
F.
A.
7g. M. 4
46
g.
6
S*
7
1904-1906
Last paid Feb., 1888.
N.Y., Mercantile Tr. Co. April 1, 1911
do
do
•
May
1906
1920
1900
1918
1909
1920
Last paid Dec, 1887. Dec
Last paid Dec, 1887.
June
N.Y., Mercantile Tr. Co. Nov.
1,
1,
Sept. 1,
do
do
do
do
1,
1,
&
Water Gap.— Owns from MidIKlddletown Unlonvllle
dletown, N. Y., to Unlonville, N. J. State Line, 13 miles. Is controlled
by N. Y. Bus. 4 West, by ownership of stock. In year ending Seni.. 30,
'87, gross earn's, $44,903; net, $12,878; def. under fixed charges, $8,642
&
Weatern.— (See Map.)— Owns from
Milwaukee Lake Shore
Niagara, 31; total branohes. 1,027 miles; total operated, Milwaukee to Ashland, Wis.. 391 miles (4 miles leased)
branches—
There are 121 miles of second track and 569 of side tracks. Hortonville to Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles
Organization, Leases, 4c—The Michigan Central was chartered in Eland June to Wausau, 23 miles; Antigo to Malcolm, 11 miles Monioo
1846 the whole line, Detroit to Kensington, was opened in 1852. The to Rhlnelander, 16 miles; Hurley branch. 13 miles branches to mines,
Detroit 4 Bay City road was foreclosed Feb. 12, 1881, and pur- Ac, 41 miles; Watersmeet branch, 5 miles; Ontonagon River branch,
chased fer the Michigan Central, which leased it and put a mortgage 6 miles; total owned, 531 miles; leases, Milwaukee to Like Shore
on the road. The other lines described above as leased are all held by Junction, 4 miles: spur, 1 mile; Clinton to Oconto, 56 miles; total
the Michigan Central nominally under leases at fixed rentals, but are leased, 61 miles; total operated, 592 miles This company was organized
practically owned. The land grant came from the Jackson Lansing 4 in 1876 as successor to the former company foreclosed inl875. Preferred stock has a preference to the extent of 7 per cent from net
Saginaw company as stated below.
In Nov., 1882, a close contract was made with Canada Southern for earnings. The debentures are convertible into stock at par at any time
working Its road by the Michigan Central and for the division oi within ten days after the date fixed for payment of divs. on com/stock.
xiet profits over all charges as follows— one-third to Canada South- The equip, bonds are redeem $30,000 per year at par; the funding notes
ern and two-thirds to Michigan Central; but the latter comvany Is $100,000 per year; theequip'sof 1885 at $100,000 per year after 1890,
per year at par.
.entitled to an Increase on this proportion as it diminishes its interest and the Ontonagon 1st mortgage $25,0
The annual report for 1887 was in V. 46, p. 380.
charge by payment of bonds or otherwise.
account.
income
Stocks and Bonds The Michigan Central stock has remained at the
1886.
1885.
1887.
dime amount since 1873. Prior to 1873 it was a regular 10 per cent Gross earnings
$1,365,278 $2,317,802 $3,180,681
stock. In 1872-73 paid 5 per cent and 4 In scrip, but afterward paid
$420,890
$995,200 $1,240,323
mo dividend till 1878, and since then Irregular amounts. Since 1870 Netearnings
9,529
36,181
dividends have been: In 1870-71, 10 percent; 1871-72, 10; 1872-73, Oiher receipts
47,733
6and4in scrip: in 1878,2; in 1879, 3%; in 1880,8; in 1881, 6%; in
430,419
1,031,381
Total net receipts
1,288,056
82, none paid; in '83,5; in '84, 3; in '85 and '86, nil; in '87, 4 per cent.
342,618
480,271
Interest paid (including incomes)
517,687
The range In prices of the stock has been as follows: In 1871, 114® Rental and miscellaneous
24.197
26,940
31,307
126; in 1872, 1133120; In 1873. 658111; In 1874, 68%®95%; in
366,845
507,211
Total
548,994
1875, 53382%; in 1876, 34«s365%; in 1877, 35»s374%, in 1878,
524,170
63,574
Surplus
739,062
S8%375; In 1879, 73%®98; in 1880. 753130%; in 1881, 84%3126%;
1 75.000
440,000
In 1882, 773105: in 1883. 773100%; in 1884, 51%394%: in 1885. Dividends
3*8 on pref 7 on p. 4 cm.
46*11379%; in 1886, 6l%398Si; la 1887, 803951s; In 1888 to Nov. Rate of dividend
63,574
349,170
16 inclusive, 72392%.
Balanoe
*309,062
The Jackson Lansing 4 Saginaw Cebt is assumed by Michigan Central,
* Of this $155,000 used for redemption of funding notes and bonds.
which also pays $70,000 per year on the stock of $2,000,000 the pro- -(V 45, p. 240, 820; V. 46, p. 134, 380, 802; V. 47, p. 381.)
ceeds of J. L. 4 S. lands go to pay bonds, and in 1887 Bales amounted
Milwaukee A; Lake Winnebago. — Owns from Neenah to
*o 7,222 acres for $140,451 (including timber), leaving 296,924 acres Schleisingerville, Wis. Built in 1882 and leased for 99 years to Wiscononsold; land contracts and other assets on hand, $473,353.
sin Central at 37% per cent of gross earnings as rental; but after
Operations, Finances, 4c.—The road Is operated under a close con $175,000 per year Is received the balance of net earnings is to be equally
tract with Canada Southern and the earnings of both roads are inoluded divided. The $1,000,000 debentures were authorized to be Issued as
In the statistics below.
required for Improvements, and they are convertible on any coupon day
The statement of the combined roads for 6 months ending June 30, into pref. stock; the lessee pays Interest on them till 1894. Pref. stock,
<Jnne, 1888, approximate) on which dividends were declared, was 6 per ct. cum., $780,000; com. stock, $520,000; par of Shares, $100.
as follows
Dividend of 3 per cent on pref. stock was paid J jly 15, 1838. In 1887,
1888.
1887.
rental was $167,954.
_
-Cross earnings
$6,535,000
$6,361,000
Milwaukee Northern— (See Map.)—Owns from Schwartzburg,
Operating expenses and taxes
4,725.000
4,511,000 Wis., to Champion, 257 miles; branches— Menasha and Appleton to
Percent
(72-3)
(70-9)
Hillbert,Wis.,21 m.; EUls June, to Menominee, 22 m; total operated,
300 miles. Uses Chicago M. 4 St. Paid track, 9 miles. Into Milwaukee.
Net earnings
$1,810,000
$1,850,000 Bee full statement In V. 44, p. 813. The stock is $4, 1 3 1 ,000. The conInterest and rentals
1,260,000
1,276,000 solidated mortgage is for $3,000,C00, and $2,155,000 bonds are reserved to retiro lsts of 1880. In 1887 gross earnings were $976,137;
Surplus
$550,' f
$574,000 net, $.-(19,573; surplus overcharges, $119,173. Gross earnings in 1886,
Proportion to Canada Southern Co
159,000
170,000 $646,226; net, $282,085 (V. 45. p. 53, 613, 672; V. 46. p. 75.)
Mlue Hill A; Schuylkill Haven.—Owns from Schuylkill Haven,
Balance
$391,000
$104,000 Pa., to Locust Gap, Pa., with branches, 137% miles Road was leased
Dividend, 2 per oent
374,764
374,764 May 12, 1864, to the Philadelphia <s Reading Railroad Co. for 999 years
at a rental of $326,552 per year. There is no debt, and regular diviBalance... ...........
$16,236
$29,23(1
are Included in lessee's returns.
The Canada Southern had the $159,000 above; dividend 1U ner dends are paid. Operations
Mineral Kanfee. -Houghton, Mich., to Calumet, Mioh, 15%
<acnt, $187,500, leaves deficit of $28,500.
Franklin
Station to Franklin, 2 miles; total 17% miles.
branch,
miles:
The annual report for 1887 in V. 46, p. 571, gave the following:
In 1887, gross earnings, $153,782; net, $97,661. This road was uuder
OPERATIONS AND FISCAL RESULTS.
the H. S. Ives management. The coupons of Oct. 1, 1887, and since
1884.
1885.
1886.
1887.
have been passed, and bonds due June, 1883, not paid. C. A. Wright
appointed receiver in June, 1888. Office, 96 Broadway. F. B.
•Cross earnings
11,659,077 10,707,394 12,295,828 14,164,490 was
Loomis, President.— (V. 45, p. 272, 538; V. 46, p. 73-*.)
Operating expenses.
8,95if,132
8,014,603
8,404,679
9,875,216
Minneapolis
St. Louis.—Owns main line, Minneapolis to
Angus, Iowa, 259 miles; Pacific Divlsion.Hopklns to Morton, 92 miles
Net earnings
2,69»,945
2,692.791
3,891,149
4,289,244 Kaio Branch, 2 miles; Lake Park Branch, 1% miles; total operated, 354%j
.P.c.op cxp.to earns.
76-84
74-85
69-72 miles. Leases trackage from Minneapolis to 8t. Paul over St. Paul
68 35
4
INCOME ACCOUNT.
No. Pacific RR. also owns from Minneapolis to White Bear, 12 miles,
1884.
1885.
1886.
1887.
which is leased to the St. Paul A Duluth RR.
m
Receipts $
9
$
Of the bonds issued under the 1877 mort. due Jane. 1927, those numSet earnings
2,699,945
2,692,791
8.891,149
4,289,244 bered from 1,101 to 1,400, for $500 each ($150,000 in all, in addition
Int. and dividends ..
79 .8 58
72,216
45,190
_52,718 to those above), were assumed by the Bur. Cedar Rapids 4 No. RR. The
Total Income
2,779,803
2,. 6.\007
3,936,339
4,341,962 bonds on the 15 miles were issued by the Minneapolis 4 Duluth Railroad
Disburttmenls—
$
$
$
before it was absorbed by this company. Preferred stock, $4,000,000
"Rentals paid
184,310
184,310
184,310
184,310 issued common stook. $6,000,000 issued par of both $100 per share.
Interest on debt
8,454,292
2,482,443
2,392,674
2,351,619 Most of above 1st mortgages are alse a second lien on mere or less of
Can. So (i of net) ..
20,448
8,679
407,335
540,870 the road. The Jan., 1888, coupon on equipment bonds and all subseMiscellaneous
88,518 quect coupons weie defaulted on. The President's explanation at
'
Total
^675^82
2,1184,319
3,109,312 length was in V. 4 6, p. 738. W. H. Truesdale, Pres't, was appointed re•Surplus for dlv'ds...
89,575
952,020
l,i32
6E0 ceiver in June, '88, in the foreclosure suit under Imp. and equip, mort.
Dividends
The Wis. Minn 4 Pac, Red Wing, Minn., to Mankalo, 95 in., and Morton
374,764
749 528
Rate of dividend* ..
Minn.,to Watert. Junc.,Dak.,121m.,ls leased and operated bythie Co., but
<2)
(4)
tlieM.
Surplus
&8t. L. has no obligation for the bonds. $3,000,000 of which are
120,753
89,575
577,256
483.122 pledged as collateral under the Chic R I. 4 Pac extension and collat<V. 45, p. 5, 26, 872, 886; V.46,p. 571,783,
802.)
eral mo 1 gage. Stock outstanding is owned by the Chic. R. I. 4 Pac. RR.
Erie, 7; Erie
1,523 miles.
A
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November,
^
RAILROAD STOCKS AND BONDS.
1888.]
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;
.
November,
;
KAILKOAD STOCKS AND BONDS.
1888.]
subscribers will confer
For explanation of column neadlngs,
oa iiret page of tabi.
A
M
Ml
Date
of
:
Kosd.
.
Missouri Pacific -Stock
-u.-.or
of
r-ar
lOIl'l-
Value.
<.!•-••.
RR of
<fa«\
g..
of V/.I,
<-i
pal.
Amount
Outstanding Rate per
Cent.
When Where
7
F.
J.
800,000
948,000
8
M.
1
190,000
650.000
14*378,000
520.HO0
'
7=>0.O0O
4.000.000
e.ooc.ooo
2.500,000
1.450.000
7,333.000
10,231.000
7,507,000
2.342.500
M.
Z K
-
¥<
i»
G
fMM)
7
5g.
-«•
435, -00
3,000,000
(I)
MP
981,000
819,000
2.639,000
255,000
4A6
6
6A8
7.'*H>.0O0
C
«g.
i .ooo.ooo
6.362,000
1,900.000
Ba/Wa—
J.
6
J.
A
A
do
do
do
do
do
do
do
do
do
do
do
do
do
N. New York or London.
D. S.Y. Mercantile Tr. Co.
A D.
A J.
A. A O.
A. A O.
I. A J.
M. A N.
A. A O.
J. A J.
P. A A.
J. A {.
J. A D.
M. A N.
Various
J. A D.
a,—AJan
8.
J. A J.
,i
do
do
do
do
do
do
do
Y.Chas Nat. Bank.
New Yo k igency
J.
J.
do
do
do
do
do
do
N.
N.Y.,
H.B.HolluvACo.
do
N.Y.,
N. Y.
I.D
L AN.
Ollloe.
A
Louisville.
N.Y. Farmers L'n A Tr.
do
do
do
do
N.Y..H. B. HolUns A Co.
For rear ending Jo eSO, 1388, gross earning* were •1.377,889: net retire underlying bond* on old road, 918.535,000
fS63£83; other receipts. #136.131 total net. #199.019-. deduct rentals, account of new road built or acquired, 917,924,000
;
lntaaest. Ac.. 9671,071, lravlug a deficiency of «172.0.M.
For calendar year 1887 gross earnings were 91.491,3-48; net, 9W8.147: defld
toder Interest. el2.V"03. In 1636. deficit. 93,163. (Y 45,
p 90S. > ". V 46, p. 330.899.733,819: V. 47, p. -' 1
Minneapolis St. I'aalA Saalt Ste. .vlarle.-From Minneapolis
toBault Me. Marie. Mich 491 miles; branches SS miles; from Mlnnc
•polls nortkwrat to Boynton. Dak.. 286 miles; total completed, 800
Biles. In pros-era* to Bismarck. Ciguatera with Canadian -acifl.v
Thai Co. was formed May. 1888, by a consolidation of the Minn. Saalt
Bte, Marie A Atlantic, the Minn. * PectOe, tae Mian. * St, Oroix and
Northwestern.
(See Y. Ml o... 688. 009 )
taw Aberdeen Bismarck
.
>
.
.
was sold
*> oapltsUsts interested In the
will thus sork with the consol97.000.000. par. 9100.
The flrst mortg bonds of M. 8. M. * A were lasned In 1387 at 930.000
sum wa« retained to *y eoupons in to
, rad out of the n ro esads
(Abstraet of mortgage V. 45. p. 243.. Toe eonaolldated
J.uly. 1839
aanrtgnjs of 1838 (trustee. Central Trust Co.; mortgaswabstractciiHo^ICLC, V. 47, p. 142) will retire these and the Minn. A Pac. bonds at maturity. (V. 45, p 166. 179, 211. 243, 096, do6: Y. 46, p. SS. S38, 009.
771. 802; V. 47, p. i42, 161.)
Mississippi
Tsnnssses.-Ownajroni Oranada, Miss., to
phis. Tenn.
miles. Capital stock. 9838,455. A maloritr of stock
sold In May. 1886, to fe. II. Barriman and other* identified with
large black of
i«.
itock
Canadian Pae iM. which outnpaav
idated ro«d.
».o.a-o
R
m
,
A
Mam
i
Caatral Railroad. Default In the payment of Interest was
~
la 1887, and In IS88 the above mortgage (trustee*. E. T. H. Gibson and A. O. Hacsstaf) was Issued to ret! re the 8 per cents, and for lm
newveunts. Old bonds received Interest to date and wrreAxchanged
lor new bonds with a bonus, the As of 9150 and B's of »i 00. "The mortgage securing the 8 per cents has been canceled, leaving the a*>0Te
mortgag' the only lien on the property. (V. 46. p. 708.)
In year ending Sept. SO. 1887. gross earnings were 9502.800: net,
Interest 940,646. In 1385-6, gross 9135.718
91 17.754; dsSott
(V. 45. p. 768; V. 46. p 73. 13 4. 708.)
net 907.33Illinois
i
nkf
laaoarl Kansas
Texas.-ROAU Owkkd awd Or««ATti>Denlson. Tex., 575 miles; branches, Dallas A GreenAc
Hanalbal. Mo., to
exienslon.52 miles: Parsons. Kan., to Junction City, Kan.. 157
Denl-.n. Tei., to Taylor. 358 miles: Whltesboro to Henrietta,
16 miles; Denlson to Mlneola, Tex., 103 miles; Denton, Tex., to
39 miles; Echo, Tex., to Bel ton. 7 miles; Trinity to Og.len,
17 miles
coal branches, 8 m.; Jefferson. Tex., to McKInney, rex.,
.
as.; Taylor Honsioa A Bastrop RR, 103 m.
Total. Dec, 31, 1887,
1,611 miles. International A Orrat Northern, from Longrlew, Texas,
to Oalvestos. Texas. 2*2 miles (of which 50 mile* leased from 6. H. A
H.i. and PalesUne. Texas, to l,aredo, Texas, 410 miles: branches
o—toa to OoliimMa, 50 miles; Phelps to HuntsvtUe. 3 miles Mlneola
to Troupe, 44 miles; leased— Round Rock to Georgetown. 10 miles;
lTannersrin to Overton. 16 miles; total operated, 835 mile* the Holden
Is owned by M K. A T.. but leased to Mo. Pac.. 54 mile*. Total
Mo. Kan. A Tex. and Int. A Great Nor. (Including Gal. Hous. A
on. 50 mtleei. Dec. 31. 1887. 3.490.
OsvoAjrusnon, BUTonr, Ac— The M. K. A T. Company was organised
sad embrace* by consolidation the Union Pacific Southern
Branch, the Tebo A Neosho and other minor companies. In 1874 the Hannibal A Central Mo. was pui uhastd The company made default on Its
nsldated bonds
ads In Dee-,
Dec, 1878,
1873, and was operated by a Receiver from
.30. 1-Tt. ?-.ijolyl, 1376. when the Union Trust Company of New
rsslon. On Dec. 1, 1880. the company took possession
Of It. property, paying the overdue coupons. The company bad a land
grant
t which has been practlrally closed oat also a grant in the Indian
Territory ol
of 3.632,400 acre* subject to the extinguishment of the
Indian title. The IWoaov Ul e Bridge Company
la a separate organlxa*
end proportion for sinking fund,
of stockholders Msy 18. 1881. a lease to the Ma Pac. for
.tlfled on the general terms that the lessee operate the
road and pay the obligatory mortgage laterest, paying over the balance.
If any, 'e the Mo Kan. A Texas Co.
On Jane 1. 1888. toe M. K. A T. made default In its lntersst payments
•awl a f utu olasni * salt was begun; H. C Cross and George Eddy sere
appointed receiver- In Oct 1 »3-«. Large claim* for advance* were
made by the Missouri Pa. ill.. Co.. lessee. See report of Investigating
Committee. CHsomcls. V. 47, p. 357. 440.
The International A Great Northern Railroad was acquired by Mo.
Kan. A Tex. la May, 1881. by an exchange of two shares of Missouri
Kansas A Texas stock for one of International A Great Northern,
S. stock Is held in the treasury of the M. K. A T, and
and lb.
was reported a* pledged to the Missouri Paciflo for
drea ms The Int. A O. N. roads bad been sold In foreclosure July 31
>olt was made Sept. 1. 18*8, on 2d mortgage of
1909. bat the over-doe eoupons wer* paid In November, 1888.
The I. A G. N. jraaraatee* 93.000.000 of Galveston lion-ton A H. n
•ar s on 1st mort. 6 par out bonds, or which M. K. A T. owns 9400.000.
Stock akd Boxiw.—The stock ha* rang.<<i a* follows since 77, vis.: In
"78,2»7>«: In "79. 5»*»85«k In '30.28>*w49>«; la '81,UVt*>»4 In 'H'^.
M*«*42>*; In' 83. 19'*»34V ta'84.9i*A23i«; In Nft. 14^»:i7"*; in -.:.
81*3->*. In-H7.16's»34<«: In "88 to Nov. 16, Inclusive. 109 8»*.
Tbeeonsol. mort. 7*. dne 1904-0. had a sinking fund or 1 per cent a
year, beginning in
- 4. but the sinking fund ha* not been fulfilled.
An analyst* of the general mortgage of 1880 (hows: Reserved to
vllle
;
;
H
;
;
i
I
"
;
.
.
-
;
;
1
I
,
1888
1938
1891
May
1892
Oot
1893
Not. 1. 1906
Oct. 1, 1889
Aug. 1, 1920
Nov. 1, 1920
Jan. 1. 1917
July 1, 1926
Feb. 1, 192f
Aug. 1, 1891
Mayl, 1897
Juns 1. 1895
June 1, 1897
Jan. 1. 1891
April 1, 1931
April 1, 1931
Jan. 1, 1905
May 1, 1910
April, 1914
Jan. 1. 1937
1928
Jan. 1 1889
June 1 1897
ofay 1. 1931
1-90 & 1900
Dee. 1, 1927
July 1, 1927
8epi. 1, 1933
July 1. 1909
Oct. 15,
Aug.
July
do
do
do
do
do
do
do
do
0.0
due.
Dividend.
A.
A A.
A O.
A N.
J*
A. A O.
7
F. A A.
8
6g. M. A N.
M. A 8.
1 J. A J.
I
M. A 8.
F. A A.
M.
U.7U.OOU
xw
.
A
A.
3,-JS.,KKl
;
.-.
When
and by Slock*— Last
Whom,
N.Y., Mercantile Tr CS
4
SdM
Pt.yauie,
Payable
• 100 9*3^974.800
7.0-0 000
*,573,000
l.OOO
Mo.) extended In 1883....
2S3 1868
IB. f. 950,000)
1.000
283 1871
ort. on depot In -t Louis (Pae. RR. of Mo.)
1872 BOO A*.
1st
500
1st M. Ja>.-oad Br.. 1Pac.RR.0f Mo l.cuar
15's 1871
3d M. (covering all p operty of Pac. RR. of Mo.). 299 i«7.;
1.000
l.OOO
Le»venw«vth Atct. A N W., 1st uiort.. euar
21
IMS
lit nort. on 3t L>n|s A Lexington (Mo. Pac)
1330 5oc Am
l.ooo
CnuoL M.,g., •30.000,000 (#15.238,000 rea'dl.c* 1,060 I860
Collateral trust bonds, gold (915,000,000). ..fig 1,120
1,000
1981
l.OOO
Lrr. ACauey VaLRR. 1st M. g.gu. (910.000 p.m. )o*
80 1--.;
Terdlms V«ll. IndependenoeA W.lst M..g..guar.
75 ISM
1,000
1.000
8t. L. Iron sit. A '<>.. ist niorv, coupon
210 1*37
do
goll, coup, may be rex
1.000
310 1 s7->
l.OOO
do
Ark. Branch, 1st mon.. gold, land gr"
99 1*70
1-7J
1.000
do
Cairo Ark. A T., 1st, gold, cp.or reg
71
1-70
1,000
do
Cairo A Pulton. 1st, g.. on road A land..
304
1,000
do
Oen. .'onsvl. and land grant M , gold. I I35^j 1881
sit. .7
—iwilemeiilal. 2old I
do
1.000
do
165
Little Rock A Fort Smith -1st M.. land gr. sink. fd.
878 500 Ac.
is so
l.lH'O
Sedan* Warsaw A Souths. n. 1st m >rt
1.000
Little Rock Junct'n. 1st A Zd M. (8)5,000 are 2d)
"i 1844
1,000
MobUe *t 01rm.-lst.g..guar. (990.000 p. m.). ..cat 150 l*-7
1.000
JfoeU* d Dmtpkin ItT-Ut mort-4t.(for •3.000,0001
36 ls-7
1.000
Motile st Oinrd-M mort. end !>r Cent. Oa. RR r
85 1
1-77
l.OOO
Sd mort. bunds (only *1 9.000 of these are 6s) ...c
500 awl
MooU* * Mon.*.- is* It bond* by L. A N. RR.CO... 179
l.OOO
Bn-..uM941.000are8s)
179
0*
Jfooue * Ohio— 1st mortgage, gold
472 ls79 500 Ac.
1,0 JO
55 1--3
1st Mortgage, extension, gold
500 Ac,
u'l M. (Int. payable In scrip till after '91is f..c
472
1,000
1879
1st, a f.. 815.000 not d'wn.C
81
Montffom 4
1st M..
8dM. (Pac RR.
any error disco- nil In tbese Tables.
Bond*— Prtnol
INTERE8T OR DIVIDENDS.
great favor by giving Immediate notice of
•
DESCRIPTION
S5
1.
1,
1,
1,
sixes; Issued on
sixes: total sixes
authorised to date, 938,815,000. Fives Issued for incon e bonds and
•crip, 99.340,000
total genl. consols, outstanding, both 5 and H per
cents, 937,36 4.000. There ha* been som* confusion in regard to the
number of bond* listed at the Stock Exclis. /e and the. am"""' actually
outstanding, since the number* from 1 to 18,217 originally reserved to
retire prlir liens, have been listed ever since 1831 ; also the fives are
listed in the same series of number* with the sixes, embracing the numbers from 28,217 to 45,8)5 lnoluslve. Bee abstract of oonsol. mort. of
1871 in Chkoxiclb. V. 47, p. 237, and of general consol. of 1880 In V.
;
47. p. 170.
The M. a. A T annual report for 1837. in Y. 46, p. 380, hod the following:
ins.;.
1885.
1887.
Mliesof road operated Dec. 31 ...
1.366
£989
1,611
p
Uorning*
a—
Passengers.
frehght.
MalLexi
-»an^ inlsoellaneoos..
Totalcart...
Operating expense.
*et earning*.
Hallo of earning*
nrooatn Acootjjrr.
1885.
92,798,554
189.799
Kfipu—
Net earnings
Dividends, Ac
Total net Income
92.9-8..)33
PuburacmenU—
Interest
81.5JS.71S 91.575,920 $1,654,270
4,833.860
8,470,743
5,39 1 344
437.083
404.983
420,109
* 6,853.655 97.451.644 97,866,738
i 055.101
4.323.75%
5/00,140
92,798,b»« 9J,2i3,890 91.8fl6.553
09-1
56-/4
74*99
on bonds
ISM.;
1887.
93,323.890 $1,866,588
136.453
II. -74
93.349,343 91^908,457
93,439.437 92.483,303 92,781,480
810.6 46 '1,502,023
425,783
92.750.073 93,985,385 93,307,363
+9338,380 —9636,0 >2— 91,298,805
Taxes, rentals, Ac
Total dlsbursemenU
Balance for year
' Of this about 9800,000 was paid to Int. A Gt. N., in settlement.
-(V.45.p. 163,392.341,613, 820; V. 46. p.143, 171. 371, 880,413, 511,
324. 538, 513, 373, 609, 650, 67-, 099. 739. 771, 802, 828; V. 47, p. 31,
140. 170, 188, 327, 356, 357. 385. 333, 381. 440, 490, 594.)
Tllssourl
PaclOc— Road Owned a«d Operated—Operate*
A
A
main
line St. Louis, Mo., to Omaha, Neb., 496 mile*,- Pleasant Hill, Mo., to
JopUn. Mo.. 133 miles; Verdlgrl* Valley Independence
Western Ball.
way- Leroy to Wlnton, Kan., 75 muss; Leroy
Caney Valley— Roper
to Peru, Ksn.. 52 mile*; small lines, principally In Kansas and Missouri. 517 miles; total Missouri Paciflo system proper, Jan, 1, 1888,
I ,-'73 miles.
Also operates " Branch lines," Including the following—
The Council Grove Osage City
Ottawa, 7n tulle* Topeka Sal In a
A
A
;
We«tern. 70 mile* Council Grove Smoky Valley A Western. 11 miles;
Kansas A Colorado, 126 mile* (with branch of 10 miles) ; Denver Memphis A Atl.. Western Div., 139 miles; and Pueblo A State Line, 151
miles;— which form a continuous line from Ottawa. Kan., to Pueblo,
Col.. 540 miles, and have total mileage of 584 miles Kansas Ft. Scott A
Wichita— Ft. Scott to Kiowa, Kan., and branches. 304 miles; Denver,
Memphis A Atlantic Eastern Div., Chctoka to Larned. Kan.. 272 miles
other lines, 363 in. total " Branch lines," Jan. 1, 1888. .523 m. Missouri Pacific and branoh line*, Jan. 1. In83, 2,7»6 mile*. Also the
Central Branch Union Pacific, 383 miles, is operated under contract,
and the Sedalla Warsaw A Southern, Sedatla to Watsaw, 42 miles, la
also operated, making the total mileage operated Jan. 1, 1-88, 3,239 m,
In addition l e a se* or control*—at Loal* Iron Mountain A Southern,
1,142 miles: Little Rock A Ft. Smith, 170 mile*; Missouri Kansas A
Texas, 1 611 miles; International A Great Northern, 775 miles; Halve, ton Houston A Henderson; ">0 mill's; total, 4,178 mllei. Grand
total Missouri Paolflo mileage, Jan. 1, 1883, 6,074 miles.
Okxamxatiok, Leases. Ac— The Paciflo RR. Co. (or Missouri) was
Incorporated under charter dated March 12, 1849, and road opened to
Kansas City In October. 1865. The company received a loan from the
State of Missouri. The Paciflo Railroad of Mo. was sold In foreclosure
Sept. 6, 1876. The present company was a consolidation In Aug., 1880,
embracing the Missouri Pacific and a number of minor roads.
The St. Louis Iron Mountain A Southern stock was taken up with
Mo. Pac. In May. 1881. on the basis of three shares of Mo. Pac. f
four
•hares of Iron Mt.. and the St. I.. A Iron Mt. Mock !> held by Mo. Pao.
STOCK aitd Bohds.— Under the new regime the payment of dividends
was begun on the present stock In '80, in which year 1 -a p. o. was paid
Dividends stnoe were as follows In '81. 6; ln'83,6>4; In '83 to '87lnol.,
-,5>*
Ranee of i.tock pries since '82 has been a* follow*: In'83.
86A106's: in '84. 63 >«« 101); In '85. 89-s»lll*4 In "86, 100\ A119;
in 'H7. M4\*112; In '83 tn Nov. 16 Inclusive, (I7*» w8U*j.
Trus ee of 1st mort. on Paoifis of Missouri RR.. extended in 1868, I*
Mercantile Trust Co.
;
;
1
:
;
.
•
;
The oonsol. mort. above I* for 930.000,000— trustees John F Dillon and
..'I I>
idani*. or the consol. bonds the balance unissued I* In the
hands or trustees to as tasia prior bonds a* ther rail due. See abstract
da
I
<>r
mort. e
The
nit iinlnir
tm
de*crtj.tlons of prior Urns, CiiROMtci.it. V. 47, p. 287.
•• 1 •{ 7 (Unlor
r <o ..r N.Y
Trustee) ars
nioriir. bonds of new railroads at 912,000 or 915.0O0 per in.
For securities pledsed, Ao., see CllltoglcLE, V. 40, p. 678. The Leroy A
Caney Val RR.. In Kansas. 8o m. la leaded and bon'ls guaranteed by Mo.
Pacific a* also the Verdigris Val. Independence A Western.
collateral
secured by
I
,
c
.
:
INVESTORS' SUPPLEMENT.
86
[Vol.
XLVU.
Subscribers will confer a great favor by Ktrlnir Immediate uotlce of any error discovered In these Tables.
DESCRIPTION.
r
explanation of column headings, Ac,
on
first
page of
Morgan' i La.* Toe— 1st M.(N. O. to Morgan
Clty).o'
1st mortgage, Alex. Extension, gold
<t Essex—Stock, 7 p. o. guar.
1st mortgage, sinking fund
D.L4W
,
3d mortgage
Oonvertlnle bonds. .
* 1st on Boonton Br. Ac. (guar. D.L.AW.)
Oonsol. mort. (for $25,000,000) guar. D. L. A W.
Special real estate bonds
Mashuait Lotrell—Stock, 9 j>. c ren'l, 92 yrs, B. A M.
o
Bonds ($100,000 are gold 5s, J. AJ., 1900)
Gen. m.
Lout*—Stock
$6,800,000), coup
MashvUte Chattanooga
it 81.
0*
1st mort.
2d mort.. gold or silver
(for
Bonds held by U.
8.
of
Road. Bonds.
tables.
Moms
Date
Miles
of
see notes
o*
Government
IstM. on Fayette. A McM. brs. ($6,000 p. m.)..o*
c*
1st mort. on I,ebanon Branch
1st M. on Jasper Br. ($90,000 are 8s, due 1906) .0
o*
Branch,
gold
Centroville
1st M. on
1st M. on Tracy City Br. (Tenn. C. A I. RR.)....o*
..o*
10-308,
$20,000
m.
Air
Br.,
Bon
p.
1st M. on
c*
ConsoLM., g (for $20,000,000), $20,01)0 p.m..
Duck Klver KR., 1st M„ $6,000 p. in., assumed.
2d msrt., assumed
Sashrille it Decatur— Stock, guar'd 6 p. o. by L. A N.
1st mort. guar. s. f. ($200,000 held in stook fund)
SaihT. Flor. <* Sheffield.- 1st M. for $2,500,0. 0,g. c
Sashrille it Knoxvtlle—1st mort. for $2,000,000. .c*
Jtatchex Jackson it Oohtm.— 1st M.$12,500 p.m.,g. c*
Par
Value. Outstanding
$1,000
1,000
500 Ac.
500 Ac.
Var'us
1,000
1,000
1,000
1871
1875
iob
650
340
321
321
1873
1881
1871
1877
1877
125
29
31 '77-'83
46 1883
20 1887
7 1887
1888
1876
1881
i'oo
100 AC
100
1883 l.OOOAc
50
1870
1837
18-8
1882
500 Ac.
1,000
1,000
1,000
1,000
Operations. Finances, Ac—The earnings below are for the Mo. Pao
and brandies, 2.796 miles) for, notwithstanding the merger of Bt. L. A
Iron Mt. stock and lease of Mo. Kan. A Tex., the operations of all the
roads have been kept separate and are so reported.
From Jan. 1 to June 30, 188 s gross earnings were $5,538,117,
against $5 204,349 in 1888; net, $1,130,501, against $1,913,5.>5, and
for the full year endlne June 30, 1888, the earnings were given in the
Chronicle, V. 47, p. 499.
The annual report ot Mo. Pacific for 1887 was in the Chronicle, V. 46.
p. 367, 378. The earnings and income account have been as foll ows
;
,
:
1886
1,488
1887.
2,796
Earnings—
$2,004,578 $2,020,597 $2,845,458
Passengers
8,*37,017
5,518,296
5,153,025
Freight
1,106,127
1,597,114
785,959
Mail express and miscellaneous...
$7,943,562
4,338,319
$8,615,020 $12,979,589
5,238,723
8,286,594
$3,605,243
$3,406,297
60'59
$4,692,995
1885.
$3,605,243
792,835
1836.
$3,406,297
1,360,832
1887.
$4,692,995
3,014,262
$4,398,078
Total earnings
Operating expenses
Netearnings
expenses to earnings
5461
6384
INCOME ACCOUNT.
Receipts—
Netearnings
Dividends, Ao
Total net income
Disbursements—
Interest on bonds
Dividends paid
$4,767,129
$7,707,257
$1,822,727 $1,875,470
2,098,000
2,531,770
$2,349,407
7
653,992
7
762,265
Bate
7
568,848
of dividend
Taxes, rentals, Ao
500,000
750,000
300,000
461,000
376,000
600,000
130.000
1,500,000
250,000
140,000
2,170.557
2.100,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
650
48
48
122
119
73
61
18
1,037
6,668,531
6,300.000
1,000,000
1,000
1,000
3,(J08,174
7
A.
6g.
J.
J.
3>«
300.000
"25
Bonds— PrinciINTEREST OR DIVIDENDS.
pal, When Due
Rate per When Where Payable, and by Blocks— Last
Dividend.
Cent.
Payable
Wnom.
A O. N.Y.,8.Pac.Co.23 Broad April 1, 1918
July 1, 1920
A J.
do
do
A J. N. Y.. r>ei. Lao k 4 w July 2, 1888
Mayl, 1914
7
do
MAN.
do
Aug. 1, 1891
7
P. A A.
do
do
Jan. 1, 1900
7
do
do
J. A J.
Oot., 1901
7
A. A O.
do
do
June 1. 1915
7
do
J. A D.
do
Various
do
4>aA5
do
M.AN. Nashua, Co.'s OtBce. Nov. 1. 1888
4>n
1893 A 1900
6A5g. F. A A.
do
do
1*4
Q.-J. New York A Nashville. Oct. 10, 1888
7
J. A J. N.Y., Continental N.Bk. July 1, 1913
Jan. 1, 1901
6
do
J. A J.
do
June 1, 1891
4
do
J. A D.
do
6
do
Jan. 1, 1317
J. A J.
do
do
Oct. 1. U17
6
J. A J.
do
Jan.,1906A23
do
do
6g. A 8 J. A J.
Jan. 1, 1923
A J.
do
do
Jan 1892to'17
do
do
f* J, A J.
July 1, 1917
do
6
J. A J.
do
April 1, la28
5 g.
A O.
do
do
Jan. 1. 1896
6 &8
do
do
A J.
Nov. 1, 1909
M. A IS.
do
do
1* J. A D.
Deo. 6, 1888
Nashville.
July 1, 1900
7
J. A J. N. Y., 50 Exoh. Place.
New York Agency.
Aug. 1, 1937
5 » F. A A.
1918
M. A N. N.Y., Mercantile Tr. Co.
6
6
M. A S. N.Y.,Metro .ol. ir. Co. Sept. 1. 1912
5
J. A J. New Haven, Ct., Treas. July 3, 1888
4
June 1. 1913
do
J. AD
do
2>9
M. A 8. Phila., 226 South 3d St. Sept. 1, 1888
(Kill. 0(H)
1,477,000
15,000,000
5.000,000
2,999,000
281,000
4,991,000
8,007,000
2,795,000
800,000
Var'us
•73-'80
66
Miles operated Deo. 31
$.">.
1864
1866
"ii
r
mortgage
Vesquchon Val.—Stook, 5p.c.guar.tlUT904,L.C.AN.
EARNINGS AND EXPENSES.
Igag
Amount
50
"34
137
Hamjatuck—St'k.10 p. c. ren'l, 99 yrs., N.Y.N.H.AH.
1st
1878
1880
102
157
132
84
84
Size, or
(1)
900.000
1,250,000
2,000,000
150,000
1,400,000
.
(
(
mobile dc Glrard.—Owns from Columbus, Ga., to Troy, Ala., 85
miles.
Common stock, $1,137,121; preferred stock, $137,608, and
$2,630 Pike Co. stook; par, $100. From June 1, 1886, road was leaded
to the Central of Georgia for 99 years at a guaranteed ilivldend of l 1*
per -ent per annum on $673,456 stock.
The 8 per cents may be exchanged lor 6s or will be paid off.
mobile
dc
.itontiromery— [See Hap
Louisville
it
Nashcille)
—
Owas from Montgomery, Ala., to Mobile, Ala., 180 miles. The stook is
$2,950,800, all owned by the Louisville A Nashville RR. Co., which
now operates the road. The Louisville A Nashville Co. ms issued
$2.i>89,000 bonds secured on this road, $2,677,000 of which, as well as
$2,939,700 stock, are pledged for the collateral trust bonds of that
company. In year ending June 30, 1887, gross earnings were $1,122,463; net, $374,028; surplus over interest and taxes, $166,183. (V.
46, p. 2lr.)
iTIoblle Ac Ohio.— (See Map.)— Owns from Mobile, Ala., to Columbus
Ky., 472 ulles. and extension (by Ken. A Tenn. RR.) to Cairo, 21 m;
leases St. L. A C. RR.. Cairo to St. Louis, 152 miles, aud track to Millstadt. 9 miles
branches Artesia, Miss, to Columbus Miss., 14 miles;
Artesia, Miss., to Starkvule, Miss., 11 miles; Muldon, Miss., to Aberdeen,
Miss., 9 mile,-; total owned, 527 mile3; total operated, 638 miles.
In
July, 1885, the gauge was changed to standard, 4 feet 8>v inches. In
Dec, 1885, the lease of the St. Louis * Cairo RR. (161 miles) was taken
for 45 years at a rental guaranteed to amount to $165,0 JO per year.
A default was made May 1, 1874, but the oompauy was reorganized
without foreclosure. The stock is $10,000,000 and the oar trust debt
$532,000, payable at Farmers' Loan A Trust Co.
In May, 1883, the new 4 per cent mortgage for $10,500,000. (trustee
Farmers' L. A Trust Co.) was issued to retire the old siuking fund
debentuiffc, etc. Until after Sept. 1, 1891. iuterest on the bonds may
be paid In sorip, fundable into bonns of same issue. There can be no
foroclosuio under this mortgage till four coupons are in default. The
sinking fund depends on land sales. After exchanging for all the debentures, there wUi remain $2,1«7,000 of the 4 per oents for the future
u»e of the oompanv. See mortgage abstract, V. 47, p. 83.
Fiscal year ends Juuo 30
the report for 1887-88 was in V. 47, d.
—
;
;
562.
Total disbursements
$4,489,575 $5,061,232
$6,119,846
Balance for year
—$91,497 —$294,103 +$1,587,111
81. Louis Iron Mountain A Southern.—St. Louis to Texarkana,
Texas Line, 490 miles; branoh lines, Mineral Point, Mo., to Potosi, Mo.,
4 miles; Bismarck, Mo., to Belmont, Mo., 120 miles; Poplar Bluff, Mo..
to Bird's Point, Mo. (Cairo), 71 miles; Gurdon. Ark., to Camden, Ark..
84 miles; Knobel to Helena, 140 miles; Newport to Cushinan, 40
miles Neelyville to Doniphan, 20 miles; Allen ville to Jackson, 16 miles;
Arkansas Valley Div. (formerly L. Rook. Miss. R. A Texas), 113 miles;
Warren Bianco, 49 miles; Bald Knob to Wynne, Ark., 45 miles; total.
Dee. 31, 188 / ,142 miles.
There were yet out Dec. 31, 1887, $346,384 of old income bonds of the
several t-Bues, and $73,000 of the Cairo A Fulton 2d mortgage bonds.
The Mercantile Trust Co.. of New York, is trustee of the general
eonsol. mortgage. The stock is nearly all held in the treasury of the
Missouri Pacific Railway Co., having been retired in May, 1881, by the
Issue of three shares of Mo. Pac. stock for four of St. Louis A Iron
Mountain. The sales of land in Arkansas on which the Cairo A Fulton
bonds have a lien are given In the report for 1887 as 49.578 acres
at $3-04 per acre. Lands in Arkansas unsold, Deo. 31, 1887, 847,270
:
, 1
(> acres.
acres; in Missouri, 108.
The Little Rock A Fort Smith road was absorbed by an excharge of
He stock in 1887 (4 shares for 3 of St. L.
I. M.)
See title of that company in Suitlemf.nt of May, 1888, and previously.
The Bt. I,, a I. M. report for 188V »•
published in the Chronicle,
T. 46, p. 380, 400, and the im ome ccount was as follows
i
A
i
INCOME ACCOUNT.
Bceipls—
1885.
1886.
1887.
$3,619,416 $3,143,281 $3,483,392
44,741
159.800
118,502
$3,664,157 $3,0O3.u81 $3,t01,894
Ne earnngs
Otherrecelpta
Total net income
Disbursements—
Interest on bunds
$2,215,304 $2,214,131 $2,358,397
Taxes, br dge exp., dividends, Ao.
397.522
350.144
l,t 92,052
Total disbursements
$2,612,826 $2,564,275 $4,050,449
Balance for year
+$1,051,331+$1,038,806 —$448,555
-(V. 45. p. 240. 243, 369, 373, 538,613,642, 672, 727; V. 46, p. 352
853, 867, 8T8, 511, 524, 538, 678, 771; V. 47, p. 327; 453, 499).
„'*" Mle .* Birmingham. -<Sre Map East Tenn. Ta. <e Oa.)—
Mobile to Marion Juno.. Ala., on the East Tenn. Va. A Ga. road, about
ISO miles, completed In Jan., 1888. Extension projected to Birmingham
••tract ef mortgage V. 45, p. 274. E. T. Va. A Oa. owns a
majority
n
aran
p r ncl Hal ? nd mt« re8 » » f "onds. St! ck Is
1 Vim'™ ", v 5i
i?i" , ?,
V 4, 'P- 274 i V- 46, p. 320, 678; V.
? 393^412)'
;
%
Mobile
*
Dauphin Island
to Dauphin Island. Ala. 36 miles
wa?f r 2 nt
Jf
i"?i
"R
Mobile,
fttrxkl.
$3,
'
It It. Ac
Harbor Co.-From Mobile
This road is intended to form aTout,ol> " lr of Mexico f..r the railroads centering
at
,000. Robeit Sewcll, N v., l'n -blent
INCOME ACCOUNT.
1884-85.
Total miles operated.
527
Gross earnings
$2,101,025
5,47
1886-87.
663
1887-88.
663
$2,629,536
710,392
637,713
$2,431,381
524,839
$482,400
$431,600
$480,800
15.426
128,863
$480,000
40,408
11,303
19,510
Net income
Disbursements—
Int. on mort. bonds..
1885-86."
$1,962,323
506,744
Interest on car trusts
St. L. A C
Rent to
'38,636
Miscellaneous
165,<>O0
Total dlsbursem'ts $482,400
$520,236
$636,393
$704,918
Balance, surplus
$12,439
$27,490
$1,320
$5,474
-(V. 45. p. 6 1 4. 640, 705 V. 46, p. 289, 449, 481, 511, 678, 771; V. 47,
P. 83, 188, 56!*.)
;
Montgomery dc Eufaula.— Montgomery to Eufaula, Ala., 80
The road was foreclosed May 1 1879, bought by W. M. Wadley,
and the present company organized.
Operated under contraot by
Cent. RR. of Georgia, and iuterest paid by the rental. Stock is $620,000,
all owned by Central RR. of Georgia.
miles.
,
morgan's Louisiana dc Texas Railroad dc Steamship Co.—
(See Map of Ho. Pac. Oo.)—The road owned is from New Orleans to Cheneyville, 204 miles: branches, 55 m.; Chencyville to Alexandria (uuder
track agreement), 24 in.: total, 283 miles. In Feb., 1883, the slock was
sold to the South. Pao. parties, and the South. Pac. Company held (Deo 31,
1887) $4,062,700 out of the whole stock of $5,000,000. This Compaq's
property consisted of seventeen iron steamships plying between New
York and New Orleans and between Gulf ports, also wharves, warehouses, and terminal facilities, besides the cap'tal stock of railroad and
other companies, Including a majority interest in the capital stock of the
Houston
Texas Central Railway Co., Ac. There are also $251,716 of old New Orleans Opelousas
G; W. bonds due 1889, assumed
by this company. In 1?86 gross earnings were $1,138,525; net. $1,059,518. In 1887 gross earnings were $4,642,087; net, $1,378,967. From
Jan. 1 to Sept 30, 1888 (9 months), gross earnings were $8,519,987,
against $2,954,907 In 1887 net, $992,660, against $568,070.
A
A
;
Blorrls Ac Essex.— (See
M >p of Del. L.
it W.)— Owns from Hoboken, N.
J., 85 miles; branoh. Denville, N. J., via Morris A
Essex Tunnel, to Hoboken, N. J., 34 in.; leases Dover to Chester, 10 in.;
Newark A Bloom. RR., 4 in.; total operated, 132 miles. In 1868 this road
was leased In perpetuity to the Del. Lack. A W. RR. The lessees assume
all liabilities of the Mor. A Essex RR. and pay 7 per cent per annum on
the capital stock, and they also agreed to pay 8 per cent in case the
Morris A Essex earns 1 per cent on its stook in any one year after the
year 1874. The .Morns A Essex is important to the Delaware Lackawanna A Western as a route with terminal facilities on New York Harbor, but Che an sal earnings on the road show a large annual deficit for
J.,
to Pulllipsourg, N.
the lessee
company
arter the
in '80, $1,012,416; in '81,
payment
of rental.
Thole--, to lessee
$985,890; in '82. $9 41,550;
in 'AJ,
was
$1,104 218-
U
November,
KAILROAD STOCKS AND BONDS.
18S8.J
w T-.r..li
'
id
mm
^v
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y
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MAP or THE
Lu b*ooli
MOBILE & OHIO
—• M
P
k
RAILROAD
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MM
MkV ^T
lZ£sj(/f
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•'
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kli.ut
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,
.
SUPPLEMENT.
INVESTOKS'
*8
mm,,,
will confer a great favor by giving
r lii.-r»
Immediate notice
Miles
Size, or
!>..!
I-
JT«w Caetle * Beaver 7o««ir-8took
Jf«w Horen <* Derby— 2d mortgage..................
X. Har.it NortAamp 8t'k,guar.99y rs.N.Y.N.H.A H.
—
.-..0*
1st mortgage
U.ivnkeAW., leased. 1st M.t*200,000 guar.)... o*
drawn
o*
Lease;, sink, hind $15,000 per yr. not
o*
Northern Extension
Bonds convertible into stock
New Jersey Junction- 1st M., guar, by N.Y.Cent.cSr
New Jersey a New Itork— 1st M. (reorganization), o*
"l2
15
13
147
92
17
r
fiouJAern— lrc mort. (int. guar, by N.Y.A L.B.;
Shore. 1st niort., guar
h etc London North'n—Stock (In 1888 paid 7 p. cent)
JT. J.
Long Branch A Sea
c
2d mortgage
Consol. mortgage ($300,000 are 4s)
Newport New <e iliseUHppi Va lley-8toek
*
*
H
"78
121
100
121
840
840
nioit.)
incl.
In '84 about $1,100,000; In '85
p. 13.)
and
18-16
1,000
1.000
1,000
1,000
1,000
1,000
1880
500<so.
1*7!)
c* "68
New Orleans it Gulf— 1st contol. niort , gold
JT«e Orleans it Northeastern— Prior lien mort....c*
M..0*
14
K.Y.Brooklyn <t Han.Beach— N.Y.A M. B. 1st
N.Y.B.AM.B.,lstoonsol. M., gold, guar.byLI.c* All.
.0'
150
K. Y. d Canada— 1st M., ster., guar. D.A H. Can.
1,447
Mew York Central it Hudson River—Stock
Premium bonds (N. Y. Central) ext. 10 y'rs, '83..
Ponorreg.{
mUa^ :l^:r:Z}-u
.cAr
In any new
be
Debenture bonds
1869
1870
1881
187a
600
1869
1,000
100
500 A-c.
1872
1880
1,000
100
1886
1,000
1,000
1885
1877 500 Ac.
1885
1,000.
1874 *100Ac
100
1853 500 Ac.
1873
1,000
1873
1,000
1884 l.OOOAc
'86 about $900,000.
(V.
45'
Hausttua A Lowell.—Owns from Lowell, Mass., to Nashua, N. H.
15 miles. On Oct. 1, 1880, a lease for 99 years to the Boston* I^oweli
was made. It 1837 lease was transferred to Boston & Maine RR. Co.*,
which pays a rental of $73,000 (9 per cent on stock). The funded debt of
800,000. principal and Interest, is assumed by the lessee, and the lessor
$750,000
250,000
800.000
5
7
M.
M.
I*
1,104,500
250,000
50
500 &.O.
100
1886
39
Ac
1,000
1870
"27
C
2d mortgage
500
Amount
Rate per When Where Payable, and by Stocks— Last
Outstanding
faj.uilo
CeDt.
Whom.
Dividend.
$l,ooo
1,000
1SS3
1871
1869
1877
1868
94
6
44
Nevada Central -1st inon.. Income (sinking fundi
Newark <t Hudson— 1st mortgage
Newark Somertet et SlroO»«., a— 1st mortgage
Newburg Dutehess it Connecticut— Income bends..
Kmsburgm New York— 1st mortgage
(to
any erior discovered In these Tables.
Uonas — Prinui
INTEREST OR DIVIDENDS.
pal, Wheu due.
-
DESCRIPTION.
Of
Par
of
For explanation of column headings, Ac, see notes
Road. Bonils Value.
on iii -t page of tables.
K
ol
[VouXLvn.
July
2. 1938
Sept., 1901
N.Y.L.E.AW. RR.
N. Y., Union Trust Co.
J.
2ia
7
50o.
A J.
A O.
A. A O.
6
A. A O.
5
J. A J.
5
F. A A.
4
M. A N.
6
5
J. A J.
6
J. A J.
J. AD.
7
1%
Q.-J.
J. A D.
7
4A5 J. A J.
7
do
J.
6A7
A.
do
do
do
do
do
do
New York Agenoy.
1
7
July
1888
1899
1,
1,
1,
1,
Feb.
1909
1911
1896
1986
May
1910
do
do
Jan.
1986
N. Y., 119 Liberty St. July 15, 1899
do
do
Dec. 1, 1899
New London, Office.
Oct. 2, 1888
N. Y., B'k of N. America
July, 1892
do
do
July, 1910
N.Y., Mercantile Tr. Co.
Y. Nat. City Bank.
.1.
t"
,
April, 1,
April,
A O. N. Y., Central Trust Co.
J. A J. N. Y., Corbin Bank'gCo
A. A O.
do
do
M. & N. London, Baring Bros.
Q.-J. N.Y., Gr. Central Depot
M. & N.
do
do
do
do
J. A J
New
York
and
London.
J. A
M. & S. N.Y., Gr. Centr'l Depot,
5
Oct
Jan.,
Bk Apr.1'91 A'98
A.
|»
3£
1. 1889
1, 1977
1, 1889
Oct. 1, 1888
Aug. 1, 1900
Jan.
do
N.Hav.,N.Tradesni'8
M."aN. N.
"e'g.
Nov.
June
N.Y.,OfflceN.Y.L.E.AW
Newcastle, Penn.
Q.-J.
Various: N. Haven, Mech. Bank.
A. A O.
New Haven.
7
700,000
225,000
2,460,000
1,300,000
260,000
1,200,000
700,000
700,000
3,000,000
400,000
100.000
1,590,600
200.000
1,500,000
387,500
1,112,000
13,612,040
1,000,000
878,000
500,000
845,000
4,000,000
89,428,300
6,450,000
30,000,000
9,733,333
10,000,000
A 8.
A N.
AJ.
Nesquehonlnjr Valley.
alley.— Owns from Nesquehonlng
Nov.
Nov.
1,
1,
1,
Oct. 1,
1,
Jan.
May
Oct. 15,
May
1,
1,
1,
Sept. 1,
Jan.
Jan.
1926
1915
1897
1935
1904
1888
1893
1903
1903
1904
Juncclon, Pa.'
to Tauieuend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to Lansford,
Pa., 1 mile; total operated, 18 miles. Opened in 1870, and was leased
for 999 years to the Lehigh Coal
Navigation Co. at a lease rental of
$130,000 per anniuu. In Sept., 1884. the lease was modified so as to
A
pay 5 per cent a year only, and the option to purchase the stock at
par and interest was suspended for 20 years, with a guarantee of 5 per
holds the lessee's notes for the same amount— $300,000. (V. 45, p. 143.) cent per annum on stook.
Nevada Central.—Battle Mountain to Austin. 94 miles. Stock,
Nashville Chattanooga 6c St. Louis.- (.See Hap of Louisville it
Nashr.)— Owns from Chattanooga 're nil., to Hickman, Ky., 321 miles; $750,000. Road sold in foreclosure June 21, I8i7. Reorganization
branches— Wartrace, Tenn., to Shelby ville. Term., 8 in.; Jasper Br., to about oompleied. Above bo. ids are to be issued iu exchange for $750,Ionian and Dunlap, 43 in.; Nashv. to Lebanon, 30 in.; McMinnvillp 000 old lsts. N. Y. Committee. Messrs. D. B. Hatch, elal In 1887 gross
earnings were $70,816, net, $7,204; detlcit under interest, $37,796.
Br., 61 m.; Fayetteville and HiunsvilleBr.,66m.: Centreville Br., 46 m.;
in 1886. $57,759
defloit, $2,tj24; detioit under interest, $47,624.
Tracy City Branoh, 20 m.; Duok River RR., 48 a.; Bon Air Br 7 in.; Gross
— (V. 45, p. 672, 743.)
total operated June 30, 1888. 650 miles.
A majority of the stock ($3,385,000) is owned by the Louisville A
Newark A Hudson. Owns from Bergen Junction to Newark.
Nashville RR. Company and pledged among the collaterals for the N. J., 6 miles. Leased to New York Li»*u Jine A Western at a rental
trust loan of that company.
of $17,500 per annum, whioh pays interest on bonds. Cortlandt ParOf the consolidated mortgage of 1888 (U. S. Trust Co., trustee), ker, President, Newark, N. J.
;
,
—
$10,807,000 bonds are reserved to retire all prior bonds, and $1,500,to standard gauge the Duck River Valley RR. and
the Centreville branch; the remainder can only be issued on vote of
000 bonds are issued
1884-85.
Earnings—
1385-86.
1886-87. 1887-88.
$
$
$
601,820
Ac.
649,737
1,435,878
155,101
1,429,468
153,831
725,961
1,694,715
153,572
834,823
2,102,956
153,874
Total gross earnings....
Total operating expenses.
2,240,719
1,301,002
2,188,109
1,322,858
1,774,248
1,578,611
3,091,653
1,770,249
936,717
865,251
1,195,637
1,321,404
Mall, express, rents,
Het earnings
$
INCOME ACCOUNT.
Net Receipts—
Hetearuings
1884-85.
1885-86.
$
$
936,717
11,947
Miscellaneous receipts...
1886-87.
$
865,251
1,195,637
13,445
O.,
44
miles.
Straltsvllle.— Owns from Newark,
O., to
Road was completed iu 1871. Leased to Sandusky
A Newark for 14 years from Jan.
1872. Operated by the Bait.
A Ohio, which pays 30 per cent of gross earnings, and advances any
additional amount necessary to meet the interest on the debt. Capital
stock, common, $795,400, and preferred, $218,200. In 1883-84 gross
earnings were $168,532; net, $757; loss to lessee, $49,802. In 188485, gross, $118,430; detlcit. $29,102; loss to lessee, $64,631. In 188586, gross, $214,291; net. $35,208. In 1886-87, gross, $183,010; net,
$2,575.
EARNINGS AND EXPENSES.
Passenger
Freight
Newark Somerset A
Shawnee,
Mansf.
the stockholders for extensions, etc.
From July 1, 1888, to Oct. 31, 1888 (4 nios.), gross earnings were
81,088,568, agst. $1,066,530 in 1886-7; net, $454,813, agst. $190,050.
surplus over int., taxes and improvements, $133,344, agst. $191,664.
Fiscal year ends Juue 30. The report lor 1887-8 was in V. 47, p. 352.
1,
Mewburg Dutchess A Connecticut.—Owns from Dutchess JunoA
N. Y., to Millerton, N. Y., 59 miles. The Dutchess
Col. RR. was sold
Aug. 5, 1876, and this company was organized Jan. 8, 1877, by the purchasing bondholders. In addition to above incomes, there are $150,000
1st mort. 7s. due in 1907.
In year ending Sept. 30, 1887, gross earnings $144,726 net, $19,657; surplus over interest, $8,259. In 1885-86,
gross, $143,418 ; not, $23,276. Tile common stook is $500,000 and preferred stook $587,450; par $50. John 8. Sohultze, President, Mattea;
wan, N. Y.
Newburg & New York.—Owns
1887-88
Greenwood Junction, N.
$
1,321,404
RR., at $17,500 per
from Vall's Gate Junotlon to
Y., 13 miles. Leased October 5, 1866, to Erie
(being interest on the bonds), and operated
Western. Has no stock.
Erie
annum
now by New York Lake
A
Sew Castle A Beaver Valley.—Owns
from Homewood, Pa., to
New Castle, Pa., 15 miles. Road in operation since 1360. Leased to
$
I'ittsb. Ft. W. A Chic. RR. for 99 years at a rental of 40 per cent on gross
675,096
709,834
760,831 earnings. Lease transferred to Pennsylvania Company. There is no debt.
266,741
266,741 In 1879. 13 per cent dividends were paid in 1880, 13 p. o. in 1881, 24
58,401
45,221
119,430
145,015 p. c; in 1882, 14 p. c; in 1883, 29 p. c; in 1884, 19 p. c; in 1885, 10 p. o.j
in 1886 and 1887, 6 p.c. Gross earnings in 1887, $258,003 rental reTotal disbursements.
740,674
720,317 1,096,055 1,172,590 ceived. $103,201 gross in 1886, $207,214; rental received,
$82,855.
Balance, surplus
207,990
144,934
113,027
148,814 — (V. 46, p. 699.)
(V. 45, p. 113, 239. 240. 369. 401, 436, 539, 672, 820; V. 46. p. 102,
New Haven A Derby.—Owns from New Haven, Conn., to Ansoma,
328, 371, 511, 650, 771 V. 47, p.81. 227, 35*, 353, 473, 594.)
Conn., 13 miles, and extension to the Housatonic RR. at Botsford
Hashvllle A Decatur.— (See Map Louisville it Nashville.)—Owns 8 miles. In 1887 the road was sold to W. H. Starbuck in the
from Nashvilie, Tenn., to Decatur, Ala., 122 miles. The road was interest of New York A New England, the purchaser assuming the
leased May 4, 1871, to the Loulsv. A Nashv. RR. for 30 years from guarantee of New Haven City to the 2d mortgage bondholders. Gross
Jmly 1, 1872, at a rental of 6 per cent per annum on the stook. The earuiugs in 1886-7, $161,975 ; net, $67,934; surplus over interest and
lessee assumed all the debt of tho Nashville A Decatur Co. Sinking taxes, $21,808. In 1885-86, gross, $162,678; net, $63,903. (V. 45, p. 84.)
fund June 30, 1887, held $112,000 N. A D. and LAN. bonds. In
Northampton. Operated from New Haven,
New Haven
1885-86, gross earnings, $989,468; net, $399,670 int., taxes and dividends. $285,584; sur.. $114,036. In year ending Juue 30, 1887. gross Conn., to Shelburne Falls, Mass.. 100 miles; brandies Northampton to
Williamsburg,
8 miles; raniungion Conn., to New Hartford,Conn., 14
earnings were $1,239,633; net, $549,196; surplus over interest, ta^es
miles South Deertield to Turner's Falls, 10 miles; to Tariflville, Conn.,
and guar, dividends, $265,029.
1 mile; leased— Holyoke A Westfleld RR.. 14 miles; total, 147 miles.
In April, 1881, a controlling Interest in the stuck was sold to New York
» '[**v1He Florence A Sheffield.— Owns from Columbia. Tenn
to Florence, Ala., with branch, about 73 miles'. Extension to Sheffield New Haven A Hartford parties, and in June, 1887, the road was leased
In progress. To be iperated In oounectlou with Louisville A Nashville
for
99 years to the N. Y. N. II. A H. at 1 per cent on stock till 1890 ;
nasnvuie.
President, W. H. Smith. Louisville, Ky.
then 2 per cent till 1893; then 3 per cent till April, 1896, and 4 per cent
afterward. In 1886-7, gross income, $825,232; net, $121,982; detioit
Hashvllle A Knoxvllle.— Owns from Lebanon to Gordorsville under interest, $115,974. (V. 45, p. 13.)
SO miles in operation; and under eoustructlon to Glen Alice
on Ciu
"took fs $500,000. Trustee of mo.tgage. Mercantile Trus? So'
New Jersey JTu action.—Terminal road through Jersey Oity, HoCo'
Of New York. A. L. Crawford, New Castle. Penn.
boken aud Weeuawkeu, connecting the trunk lines terminating at those
points. Leased for 100 years from June 30, 1886, to the N. Y. Central
J *« k »°P * Columbus.—Owns completed road from A II. R. RR. Co., whioh company guarantees the bonds absolutely and
mI"!" 1*??.
HatehBi.
Miss., to Jackson, Miss.. 100 miles. Stock. $2,028,850The mortgage is for
par $50 owns the stock ($100,000) of the company.
6
r 6 " mort Bt » 1,J 5 00 per mile will
retire all prior $4,000,000.
2SL*i£H S"Th
F' J"
'•*'"
'" .,nr « requirements
In 1 887 gross earnings were
SlS3T3}-"n«J
183,041.; net over expenses and taxes, $55,935.
New Jersey A New York. Owns from Erie Junction, N. J., to
Earnings for 1S8K
ross. 8184,336 net, $43,634. N. Y. Offl^, 52 WlUlamsS-eeU
Haverstraw, N. Y., 34 miles; Nanuet to New City, 5 miles; operates
Oaraerville RR., 1 mile; total operated, 40 miles. The present com>
n * f >m M »»8»t».<* Junotlon to Wlnsted, Conn.. pany was formed on reorganization after foreclosure in'April, 1880.
nff!iI™fJ5rf
T
leawMl S.
Watertown
A Waterbury RR., 4>« miles- total oner stock outstanding, $1,440,800 common; $787,800 preferred; par $100.
Si
r"' 5 11
' N Y - N. H. A H. being usld brt ween Nauga
Control of road is with preferred stook and nrst mortgage bonds till 6
SaSS."?
S
per oent dividends have been paid on preferred stock for three years.
Grosi earnings in 18- ti, $185,40d; expenses. $139,753
net earnings
net*45.65ii.
Gross earnings in 1387. $181,376; uet, $25,333 ('.elicit
KSSUSeTSef
under interest, Ac, $1,147. V. L. Lary. President.
Total Income
948,664
$
682,273
Disbursements—
Interest on debt A taxes.
Dividends
Improvements
865,251
1,209,032
$
1,321,404
$
;
;
;
;
—
;
—
A
;
—
;
,
£\
1
-
-
—
'
;
iu
S3
.
^
-
*%%£?»'**
'**« *»o?'g?o%
:
;
s
.
November,
1888.
.
1
1
:
RAILROAD STOCKS AND BONDS.
J
89
subscribers will confer a great favor by firing Immediate notice of any error discovered In these Tables.
DESCRIPTION.
For explanation of column Headings, Ac, see note*
on flrst page of tables.
W.T.OKie.4
Ml'cof
Date
Size, or
of
Par
Km:.,)
Bonds vataa.
ioais-lst mort. gold, sink fund.. c*
81.
513
40
156
132
214
d Gnxnteood Lokt.—\n A 2d M.. lncume ....
B.J.*BoHtm—Com. and pref. slock, 8 p. cN. Y.C..
Consul, raort.. ooap. or res;
o'
Stock, guar., 5 p.ct.
JT. T. X ets— a
«t Wetltrn
JT. T.
1st mortgage
KOMI, by
JT.
(extended In 1867 to 1897).
gold (extended In 1879)
cotdlexi
xOd (extended 40 years at 44 p. et).
t, old.
sola, (e
(extended In 1880 at 5 per cent)
M. extended In 1888 at 4 p. c. gold
1847
1879
kge.
SU
Buffalo Branch
«A
sT.T. L. E.
A
1
do
W. reorg.
c
atllO
....
....
o*
funded coupon bonds
1st lieu bonds,
a
gold
A
c"
^t
- Vi
B87
1888
1861
1888
1888
1-70
1878
1878
1878
1878
1
Bonds
Laos Dock Co , old mortgage
do
mort.. g.. <$..500.000)red.
1st consolidated mortgage, gold.
A
da
1872
1,678
1*078
lock
31
....
00 18M
J«K)
1-^3
e*
DeL Lack. A West.
WtM.—stork, common
T.Lakt
1887
1875
:.
....
fuad.eoup.bds (redeem, at 105 4 Int.)
uouaserai
Collateral Tr.
rr. bonds,
Doeaa,igold, rcd't.le at 110
Car trust bonds (only $600,000 are 6s)
V. Y. Car., trust, '88. •erica A. (guar, by D. a H.)
JT.r. A L » flrosxA—
-1st
1st m. red. aft. "99 at 110, guar.
JT. T <f JfoawAaactU— 1st mort (for 62,750.000)
JT.r. a jr. Jrae-awa' Stock («2O.00O.OOO authorized)
Preferred stock, 7 per cent cumulative
1st mortgage 1*6.000.000 are 7»)
c-
do
1885
38
....
....
321
1876
Whom.
A O.
A A.
A J.
M. A N.
Q.-J.
J. A J.
F. A A.
N. Y., Union Trust Co.
None paid.
N.Y., Qr. Central Depot.
4g. A.
6
1.000
1,500.000
Too
19,734.000
2.45O.0O0
10,000,000
F.
4
J.
7
1"4
6
5
do
Dividend.
do
N. Y. by D. L.
do
do
A W.
do
do
6
Yearly. N.Y., 19Cortiandt8t.
M .v
7
do
do
8.
5 g.
do
do
44g. M. A 8.
do
do
5gT A. A O.
do
do
4g. J. A D.
do
do
7
J. A J.
do
do
7
J. A D.
do
do
do
do
6 g. A. A O.
7
M. A S. New York and London.
M.
8.
7g.
A
do
do
do
do
6g. M. A N.
J. A D.
do
do
MA
it
6
» g
i
445.000
a
J.
J.
M.
D.
D.
Last paid Dec. 1883.
N.
New York A
London.
....
I
5
5g
A
A
A
ft*.
J.
AD.
X.
Y„ 119
Liberty St.
Oct, 1.
1937
Nov. 30, 1908
July 2,1888
May, 1900
Oot„ 1888
1, 1921
Aug. 1, 1923
Jan.
Jan. 15, 1884
May
1897
1919
1923
Oot.
1920
June
1928
July
1891
June, 1893
Oot. 1, 1935
Sept. 1. 1920
Sept. 1, 1920
Deo. 1, 1908
Deo. 1, 1969
June 1, 1977
Dec 1, 1U69
Nov. 1, 1922
1,
Sept. 1,
Mar.
1,
1,
1,
1.
1888-1892
$63,000 y'rly
Dec, 1931
(fl
100
1.000
Haw Jersey Sontker*.—The road extends from Poit Monmouth,
Bandy Hook, to A too, 70 miles, with branch from Eatontown to Pt Monmouth, 9 miles. The property was sold In foreclosure March 31, 1879 (see
Cnoncii. V. 38, p. 353). and the present company was organized July
rftal stock Isjl
18. 1870. the capital
tejl .;
.590,800 pref and »1 .000.000 con., all
owned bv Cant. BR- of M.
It. J.
The property la subject to a bonded debt
tb
of $1,580,000. of which all but $4112.800 U owned by the
Can*. RR. of
II. J
and QOOtXOOO on the Long Branch A Sea Snore Railroad, Dm
». J. Bon. bands have Interest a
guaranteed by the Mew York at Lnug
of the bonds, sad the Central of N. I.
The rood Is operated as a part of the
N. J. system.
Oram In 1880. $481,908: deflate, $36321.
i%
6A7
M.
J.
A
A
N. Boet'n Of.,244Fedal8t. Nov. 1,
J. Boa., Safe Dep. A Tst Co. Jan., 1,
1988
1905
firther dividend of 27 per cent was distributed on the New York
Central e\pok and 85 per oent on the Hudson River stock.
In Nov.,
1879. 350.000 shares ($25,000,000) were sold to a syndicate of bankers
by Mr. W. H. VanderbUt at the price of 120. and 100.000 shares sold
afterwards. In Deo., 1885, a lease of the West Shore Railway was
taken for 475 years ami the bonds of $50,000,000 at 4 per cent guaranteed, by N. Y. C. 4 Bud., and $10,000,000 West Shore stork taken as
consideration.
Dividends of 8 per oent per annum had been paid
since 1868, but in 1885 only 3>« per cent was paid, anil in 1886. 1887
and 1888,4. Prices of stock since 1876 have been: In 1878. 103V9
115; In 1879. U2013B; In 1880, 1220155*a: In 1881. 130>«al55 In
1882. 123«,»138: In 1883. Ill>*al29>«; In 1884. 83-j»122; in 1885,
81H»107ni: In 1886.98*4all7*8; in 1887, 101 »»»111«b; In 1688, to
.
.
|
.
4
Payable
Cent
5,532.0:t0
.
471
Outstanding Rate pel
$1,000 •20.000,000
li» a*.
2,700,000
50 10,000,000
1,000
12,000,000
100 10,000,000
1,000
12,000.000
1.000
5,000.000
100 77,301,500
100
8,140,400
l.ooo
-J. 112.000
l.i K»
2,149,000
1.IMH)
4,618,000
1,000
2.926,000
5004m
709,500
100 Ac
182.600
1.1HK)
3.000,000
l.ooo
4.500.000
l."M>0
16.890,000
500 Ate.
3.705.977
1.000
2.500,000
500 Ae. 33,597.400
3'K> Jtr.
508.008
l.OOO
4.009.380
1.000
4.273.000
....
utt
tin
Boiult— PrinciINTEREST OR DIVIDENDS.
pal, When Due.
When Where Payable, and by Stnekt—tMt
Amount
;
1807, $040,403: net, $6,917.
London Northern.—Owns
from New London, Conn., to Nov. 16, Inclusive. 102>t»l01.
VI., 131 miles, of which 100 miles leased to J. O. Smith and
OramATtoaa. Fihaxcbb. Ac.— The New York Central A Hudson
m road has been operated since Dee. 1. 1871, under lease to River RR has an exceptionally rich local t rattle, but the profits also
Vermont Railroad; the team was for 30 rears at $150,000
vary much upon harmony among the trunk Hues.
$15,000 for each additional $100,000 of earnings over
The statement for full rear ending Sept. 30, 1831. partly estimated,
In year ending Beat. $0, 1888. gross earnings were vat given In V. 47. p. 38 1. For the quarter and twelve months ending
» par year.
Rental aad Interest received. $.
91: net. $194,067.
Sept. 80 ofoctal returns were as follows:
,
ami
I
paid Interest, Ac. $91,198; dividend <6«t per sent). $07. 500.
Quarter.
-Year.
Plow Orleans Ac fialf.—The line of the road Is from New Orleans
sTsMnaissl.
Actual.
KidmaUd.
Actual.
•oath along; the Mississippi River t B •hrml>. with a branch, making
1117.
IJJBn
1888.
1887,
00 -s miles In all completed In 1887. The b->noa w.re oflVrr.1 In London, Grose earn' ga.. $9,474,000
$0,550,074
$36,117,000
$35,397,055
ov., 1880, by Messrs. Battarthwalt A Co. Capital slock authorised, Op. expenses. 6,550,000
BJM3.088
-3A,03£000
32,388,623
$300,000; Issued. $240,700. (V. 45, p. 613.)
Ex. to earns.. (69 18%)
tOB-loSl
Maw/ Orleans A Northeastern. -Line of road from Nsw Orleans, Net earnings. $2,924,000
$3,487,006
$11,489,000
$13,908,432
La., to Meridian. Miss.. 196 miles.
Stock Is $5,000,000. This road be- First charges. 1,962.000
1.1-..324
7,826,500
7,760.924
longs to the soealled'Ertaneer System" and $4,130,000 of the stock
and $4,900,000 of the $S.00o.000 first mortgage bonds are held by the Pro3t
$962,000
$3,662,500
$0,147,601
Ala. N. O. A Texas Pactnc Jaactloa Co. There are also ear trusts, pay- Dividend
(1) 894.283
894,283 (4) 3,577.132 (4) 3,577.132
Lean A Trust Co. la 1807 gross earnings were
Farmers' Loan
able at FarmersBalance., sur. $67,717
sur.$703.A99
sur.$85,368 ir.$l,5. 0.370
Gross
l
ll
I under all charges. $320,314.
t
earnings
in 1880, £ff!iA
$061,236;
'Includes about $1,800,000 expended on renewals, additions, better$100,611; ocncTt under Interest. Ate.,
ments, Ac.
$sm$,r$$. .-etitleof A a N. O. A T. Par. Jane. In the Scrtxenrsn.)
Annual report for 1886-7 lu Cbaonicuc, V. 45, p. 854.
Newport News At files. Valley.
apany was fut satd
Net Income, Dlvlrr the laws of Connecticut to loam and
Huntington Tear
endlng
Passenger Freight (ton)
over exp., dends,
Groat
bat wean Newport News, Va and
Tenn. On Jan. 1., 1888,
30. Mileage.
Mileage.
Receipts, int.* rent*, p. o. Surplus
A Southwestern common, Sep.
1888.4X9^385,501
3,200,896,780 $33,770,722 $7,327,156 8 $179,024
t SIWSnWiSKSBel
'5.500 EUxabethtown Igrflngton A
1.970,087,115 38.148,667 4,068,759 8 *2.4»0,88S
A Ohio common, and $437,191 1884.387,839.880
.!,:„ toasm d 3l8
Osatpanj 1885 438.397.774 2,137.824.205 34.429,441 2.176.343 3>s'!)53,651
2,414.266.463 30.506,362 4,650.100 4 1,072,968
LjOM mil... the former 1880.476,138,729
yoan. agreeing to pay Oxed 1887 .528 ,306.742 2.704,732.170 35,297,055 5.147,509 4 1,570,377
• Deficit.
aay* surplus up to 6 per cent to
In 1381-5 total deficit was $2,295,072.
retained by the
V. 46, p. 38, 172. 200, 352, 610. 803; V. 47, p. 21, 81, 170, 381, 395.)
Co.. No. S3 Broad st. and New Haven. Conn. (V. 45, p. 21 1.)
New York Chicago A St. Louis Railroad.—Owns from Buffalo,
Fork Brooklyn A .Manhattan Heaeh.— From Fresh N. Y.. to Illinois atateUne, 513 miles; leases In Buffalo 1<« miles; IlliPond Junction to Man h attan Beach, and branches to Bay Ridge and nois State Line to Chicago, 9 miles total, 523 miles.
Greenpoiit, 20 miles. This was a consoUnatlon
Aug. 27, lix.5. of the N.
The former JEaUsrap Co.
form.il In 1881 and became known a*
'
N. Y. A Manhattan
Railway Co. the "Nickel Plate.'* Bale la foreclosure took place May 19. 1887, and
T. Bar Ridge A Jamaica RR.. the r
aadthe L. 1. City A Man. B. RR. Co The railroads am leased for 90 the present company
formed In September. 1887. The flrst pref.
rears from 1885 to the Long Island RR Co. at 39 per oent of gross stock Is for $5,000,000. and has a 5 per oent preference, non-cumulato be at least OW5.980 In each year: tive and the preferred stock for $11,000,000 lias next preference for
earnings, but the rental
ny L. I. RR. on application. The stock 5 per cent, non-cum
common stock la $14,000,000; par of all $100. A
pref (par $100). aad 5 par osat par sinking fund of $100,000 per vear Is provided when the net earnings am
.1
u paid oe the latter semi-annually A. A O. by L. I. RR. Co. la $900,000 or upwards, if t>oo<U can be bought at or below 102 ; U not,
roar endlnr Sept. 30. 's7. rental received was » 102 .500; doflolt under the sinking fund lapse* for that ye.ir. thus leaving $100,001)11101% for
Interest, dividend (5 per cent) and miscel l aneous expenses, •1.104. -(V. dividends. The first pirchase for slnkiug fund was made Nov., 1888.
i .3.)
46.
Lake Shore A Mich. Southern owns $6,240,000 common $6,275,000 2d
Canada. -Owns from Whitehall. N. Y.. to Room's pref. and »A503.0 o 1st pief. stock. See abstract of '[mortgage (Central
Tork
Point. N. Y„ 113 miles; branches: Tioonderoga, N. Y., to Baldwin, Trust Company of New York, trustee). V. 45, p. 541.
M. Y., 4 miles; Platuburg. N. Y., to Ausable, N. Y., 30 miles; West
Large expend tores are being mule from earnings for renewals. Ac,
Chasy to Province line, 13 miles; total operated, 150 miles. The road and obarged to ope r atlng expanses. From Oct. 1, 87, to Sept. 30, 88
Is lease d sad virtually owned bv the Delaware A Hudson Canal Com- (12 months), gross earnings were $5,003,035, against $4,569,090 In
nanv which guarantees the bonds. The stock is $4.000.000 par $100. 1880 7; net earning'. •1,177,146, against $1,327,503; surplus (over
IB '87 groM earnings ware $838,970; net, •282,877; surplus over Int. interest, taxes and rentals, $173,96- in 1887-8.
$47,oi I. (V. 45. p. 110. 614. 856, V. 40, p. 2^8. BIO; V. 47. p. 140.)
For the year ending Dec. 31, 18i7, the reports to the New York Btato
Hew/ Tork Central A Hudson. -l.ixr. or Road.—Owns from Commissioners (V. 46, p. 200) showed
1-17.
1«86.
•Jew York City to Buffalo. N. T.. 442 miles; branches on New York
$1,792,352
$3,826.(i08
Central division. 308 miles; total owned, 750 miles; lines leased- Gram earnings
Operating
expenses
3,508,388
2.552.193
Wast Bhore K ft. 426 miles, sad branches, 33 miles; Troy A Greenbush,
m. Niagara Bridge A Canandalgua. 99 m Bpuyten Duyvll A Port
Net earnings
$1,288,964
$1,274,410
'40 5.069
Morris, 6 m.: N. Y. A Harlem. 127 in.; N.J. June., i m l*ke Mabopac 7 Rentals, taxes, Ate.
•445.63
miles: total. 007 miles; grand total. 1,447 miles. The second track
Surplus
$838,833
$869,347
asrned sad leased Is 883 miles; third track. 330 miles; fourth track,
* Includes $200,000 Interest on bonds In 1887, but none In 1830.
iOB miles; turnout*. 775 miles nuking a total of 2.426 miles of track
owned" by the company, and 1./97
1,297 mile*
miles leased, 3.723
3,723 miles In all. — (V. 45, p. 53, 208. 240, 272. 202, 401. 425, 541, 642, 613, 673, 676;
toe Don.
Dun. All.
AU. Val. A P. RR., 104 miles, but reported sep- V. 46, p. 200, 480, 573, 650; V 47, p. 563, 594.)
Also operates Jka
arately. The West Shore R'way was leased In Deo.. 181.5, for 475 years.
New York Greenwood Lake.—Owns from Jersey City, N. J.
pass I SI 1 1 now, Ac. -Thai company
formed by a ecrsolloation to Greenwood Lake, 48 miles: branches
Ringwood Junction to
of the New York Central aad the Hudson River rsalroada
<>• iota
Kingwood. 2 miles; North Newark to Orange, N. J., 8 miles; total, 58
ralln
i. 1800. The New York Central
a ornsoli<latton of several roads miles. This was the Montclnlr Railroad, opened in 1874. It
eoal
under s special law of April 2, 1853. The Albany A Schenectady Rail- snd reorganized
Montclalr A Greenwood Lake, and again sold
road, opened September 12, 1131. as the Mohawk A Hudson, was the October 12, 1878, and the present company organized. The New York
in the state of New York. The Hudson River RailLake Erie A West, purchased a controlling interest In the property and
lay 12. 1846. and road opened October, 1851.
now operate It. The holders or tin' 2d mort. of *l ,800,000 have s right
BOSDS.-The famous scrip dividend of SO per oent on the to nay off the 1st mort. bond* ul ifitoo.oooat 105, and thus gain conof the v.* Y..rk central wa« mads in December.
1808, trol of the prn]>erty. The stock is $100,000. Gross earnings in 1880,
i with the Hudson
River road (Nov. 1, 1869) a $228,169; net, $4,239: pa} incuts. $17,895. Abram B. Hewitt, Pros'*,
,
.
M4MU
mLVb3
*
.
.
'
i
.
.
!wUwfi««*V
.
•
t
Row
wm
a
;
wm
.
I
I
:
i
Now
A
;
;
:
;
wm
wm
,
A
—
i
m
wm
-
.
:
SUPPLEMENT.
INVESTOBS'
Mnbarrlbera will confer afereat favorjby giving Immediate notice of
description.
Miles
of
YitSevRntj.— (Cont .)— 2dM (S4,002,000are6sc4r
Notes anil debt* for terminal properly
Terminal bonds for $1 ,950.000
ft* York Knr Bavrn <* Hartford—Stook. ..
r
Mortgage bonds, (for $5,000,00 >
Harlem 4 Portchester, 1 st mortgage guar. . . c*r
2dM., roup, or reg., guar
do
do
JT
.
IT.
2d mortgage, incomes. 84 a
8d mortgage, incomes, * A a
Equip, mis' bonds, s. f. 3 p. o.,
till
1895.) $
4 * e*
.........
int.
v;
,
i
9rt
H
mor*"P*ge.
Income (not cimnilnflvel
New lark A
Y*.,
127 miles.
Par
1882
1882
268
123
12
12
54
c
$5,000,000 3 to 5 A 6 F. A A.
l,609,t57
Various
4 45
$1,000
....
...
.
100
1883
1873
1881
1887
1887
417
ci m. (dr'n at 100)
warrants, ennv. into 1st M. bonds
1st M.. int. guar.
Valley,
New ( sstle AShenango
816,500 p. in.
JT J PhUa. d Norfolk—1st mort.. g..
10,000
per mile.
income mort., mm cumulative. $
(Stoningtou)—
Stock
iftwton—
*
Y.Prot.
JT.
"—•_"
First mortgage.2!
c'
1st mortgage iStoniunton to New London)
t.Y.dRoekairay Bene*— 1st M. g.,en I'sedby L.I.C
r
Income lwnds, non-cumulative.
1st M„ g Mid. of N. J...
W Y. SiiMqurh.it n etlern—
1st mortgage on Paterson Extension, gold
First mort., reliinding. gold (2d M. on 72 miles). .0
New 2ilM. ($1,000,0(0 gold). 3d M. on 72 miles..
if. T. Tex it Hear.— 1st M.. g., $ r £, gu. by So Pace*
Niagara Bririqe it Canan'd— Stk, 0jtient.,N. Y. Cent.
c*
Norfolk Southern— 1st mortgage, gold
Dtfcrred
321
51
<
1'orA: IhHario 4 Writ.— Stock ($12,0< Oiapref.)
lltM.. gold, for J 4,000,000 (ndccmiibl« at 110).
JTmt Yotk ft»». <* OAio-Prlor ilcii.gnul. 8 A*...o
few
1st inert.. gold (no fun-closure
Size, or
of
any error discovered In these Table*.
Bond'— Prinol
INTEREST OR DIVIDENDS.
Amount
per When Where Payable, and by
Outstanding Rate
Cent.
Payable
whom,
Road. Bends. Value.
Tor explanation of column headings, 4c, see note
on first page of tables.
Y. * Northern— 1st mort.. null
2d mort.. gold, (income till Dec. 1891)
Pate
LVou xlvii.
320
432
432
432
432
1884
1880
1880
1880
1880
18S8
22
112
1887
1883
1883
15,500,000
2,000,000
2,000,000
1,000.000
1,200,000
l.OooAc
1,000
1.000
1,000
1,000
100
1,000
12
16
73
131
134
1>2
100
75
75
1869
1881
1887
1887
1880
1881
1887
1887
1882
1880
1881
J.
A.
M. A S. N.V.. Office 18 Exch. Pi Sept. 1, 1914
6g. M. A 8. N. Y. Farmers' L. 4 Tr. March 1, 1895
7g. J. 4 J. N.Y.Karm.L.AT.ALon. July 1, 1905
5g. M. A N.
do
do
May 1, 1910
5g- M. AN.
do
May, 1915
do.
5
M. AN.
London.
May, 1, 1908
6g-
I-'.liO.OOO
300 Ac.
500 Ac.
500 Ac.
500 Ac.
8,000.000
41,262,000
14,500,000
50,000,000
£100
£240.01.0
$9,439,760
250,000
1,848,(00
1,000,000
5,000.000
1,000.000
600,000
800,000
1.000,000
3,500,000
250,000
3,750,000
636,000
1,442.500
1,000,000
$1,000
1,000
1.000
1,000
1.000
1,000
500 Ac.
1,000
1,(00
1,000
500
100
1,000
1.000
6g-
A
N. Y., Fanners' L.
Q— Feb.
A.
N.Y., Central Trust Co.
6g.
6
Yearly.
eg.
6g.
5g.
4 Jag.
4g.
3
COMPARATIVE STATEMENT OF PKOFIT AND
1881-85.
4
L
New York Lake
Erie
;
Ac—
j
Ac—
"
Total trots earnings
Proport'n paid leased tines.
paving as gross revenue...
Operating expenses
Het earnings
Percent of op. expenses...
$
$
20.8bJ,0'5
24,756.066
1,898.5 12
18,934,573
14.3 47.51 6
2,2 56.01 9
4,587,056
688689
22,500.048
10,3 88.688
6.111,408
66-2005
;
2r,567,859
2.357,501
21.2 10,358
17390,673
6,819,685
65-4575
April 1, 1910
Junel, 1910
Jan. 1, 1937
Feb. 1, 1937
Apr. 1, 1912
Oct. 1, 1888
Sept. 1, 1920
Jan. 1, 1970
LOSS.
1885-86.
1886-87.
$
$
9
22,500,048
16,388.638
24,210,358
17,390,673
Other credit items
4,587.056
286,588
455,421
260,683
6111, tlO
292,521
424,829
229,109
6,81»,685
272.527
401,508
266,623
Total credits
Total debits*..
5,589,748
6,9d6,691
7,057,8(59
7.760.343
7,158.544
Bala nce
* Allowing for
A Western.— Line of Road.— Jersey City, — (V.
H. J., to Dunkirk, N. Y., 460 miles : branches— Pierinont. 18 miles ; Newburg. 19 wiles: Buffalo. 60 miles: Erie International RR.. 5 miles;
Rutherford to Ridgewood, 10 miles; leased— Montgomery 4 Erie RR.,
10 miles; Goshen 4 Deekertown, 12 miles; Newburg A New York,
13 miles; Paterson Newark. AN. Y*., 11 miles; Hawley 4 Honesdale, 24
milet; Jefferson RR., 37 miles Buff. Brad. A Pittsburg and extension, 08
miles; Buff. N. Y. A Erie, 140 miles; Suspension Bridge A Erie Junction,
S3 miles; Rochester A Genessee Valley, 18 miles; Avon Gen. A .Mount
Morris, 18 miles; Pat. A Hud., 15 miles; Pat. 4 Ram., 15 miles; Lockport
A Buff., 15 miles: Buff. A Soutlrw.,08 miles; controlled— Newark A Hud.,
6 miles; Weehawkeu N.Y. 4 Ft. Lee, 4 miles; Northern of N. J., 25 miles;
Mid'lletown A Crawford, 1 1 miles; N. Y. Penn. 4 Ohio and branches, 573
miles; total operated, 1,078 miles.
On May 1, 1883, began to operatethe New York Pennsylvania 4 Ohio
under lease; and on May 14, 1883, the Chicago 4 Atlantic road was
opened fTom Marion, Ohio (on the New York Pennsylvania 4 Ohio), to
Chicago, 268 miles, and under control ol N. Y. Lake Erie 4 West, gave a
eomplete line from New York to Chicago; but iu 1885, owing to dissen
ions, this was broken.
The New York A Erie RR. was chartered
Organization. Leases,
April 24, 1832, and the State of New Y'ork loaned the company $3,000.Dunkirk
was
opened
to
April 22, 1851, The company
road
000; the
was reorganized under the name of Erie Railway Co. June 25, 1861.
was
sold
in
foreclosure
Railway
under the second consolidated
This Erie
mortgage In 1878. The present company was organized and took
Long
1.
1878.
The
Dock
Co. has stock of $800,000, all
possession June
owned by the N. Y. L. E. A W.; its property consists of lands and lauds
about
577
acres,
with
piers,
buildings, Ac. The N. Y. L. E.
under water,
A W. Coal A RR. Co. is an auxiliary corpora' ion from which advances
of $2,039,338 ar s due, as per balance sheet of Sept. 30, 1887.
Stuck add Bonds.— Preferred stock has a prior right to 6 per cent
(non-cuinulntlvei from the net profits, "as declared by the board of directors," but the, U. S. Supreme Court held in 1886 that this stock has
no legal right to claim a dividend, though net earnings are sufficient.
Prices or com. and pref. stock since June, 1878, have been as follows:
Com.— In 1878, 7»s»22is; in 1879, 21%®49; in 1880, 30a51>s; in 1881,
89%»52 7s; In 1882,33i*'»43\; In 1883, 2(>V*40 7e; in 1884, 11^2838;
In 18"5. 9"4®27 Ts; in 1886. 22>4«3838; in 1S87, 24>s»35»e; in 1888 to
Nov. 16, Inclusive, 22>a330V Pref— In 1878, 21*3338; in 1879, 37>s
•78>«; in 1880, 47»93»*; in 1881, 80H>®96ig In 1882, 67®88»4; in
1883,72*83; In 1884, 20871; In 1885, 18a57; In 1886. SOia aSl'n; in
1887, 59476: in 1888 to Nov. 16, inclusive, 52'«»67's.
The 1st cousol. funded coupon bonds are secured by lien of consolidated mortgage. On the second consolidated mortgage (Fanners' Loan
A Trust Co., trustee), no foreclosure can take p'Ece tUl six successive
coupons are in default, but all ot one coupon must be paid before any
part of a subseqn'-iit coupon is paid. In 1883 the collateral trust bonds
were Issued (the H. 8. Trust Co. trustee; see V. 38, p. 509)', and redeem
able at 1 10 on three months' notice. The 2d eoneol. funded coupon bonds
of 1885 were Issued to lund three past due coupons and the coupon of
June, 1886, and the coupons are deposited as security. These bonds are
redeemable at any time at 105 and accrued interest. The Long Dock
mort. for $7,500,000 was Issued In 1885 (4C1.000.000 being reserved to
meet the old bonds), and the bonds are payable at 410 from laud sales.
Operations, Finances,
The income account fot several years
Ihmv.d a considerable surplus over fixed charges, but in 1883-84 the
Income fell (ff largely, and there was a deficit below Interest, and three
coupons. June. 1884, to June, '85, on the 2d eonsol bonds, were passed
From Oct. 1, '87, to Aug. 31, '88 (1 1 mot>.), gr( ss cam's were 824 H39 200, sg'st $24,128,341 in 1-86-7; net, $S.U:i7.06e. against $8,568,778
net, after deducting proportions due toads ( perati d on a percentage
basis, *('.„'. I3.2i 7, against 86,407,137.
The annual report for year ending Sept. 30, 1887, was published in
the Chronicle, V. 45, p. 740. The earnings Include all the leased lines
18«4-5.
1885-6.
1886-7.
Seit. 1, Tt^ n-7
Sept. 1, 1927
18,934,573
14,347,517
,
4
1,
1,
1,
A J.
do
do
do
A O
do
M. 4 S. N. Y., Office, 115 b'way.
No interest paid.
A. 4 O. NY., Nat. Park Bank.
I. A D. N.Y.Offlee, 15 Co tlandt
I.
& J. N. Y., Nat. Park Bank.
F. 4 A. N. Y. Office, 15 Cortlandt
A. A O. N.Y.,So.Pac.Cn.:L-ind*n
A. 4 O. N. Y.. Cent. RR. Office.
M. 4 S. Int. fund, till Sept., '89
g-
1917
1923
1933
Nov. 10, 1888
Jan., 1899
April 1, 1901
July
Tr.
J.
owns the Fourth Avenue street railroad.
itni
RR. is used. This
Credits
The property (except the horse railroad) was leased April 1, 1873, tor Earnings— Main line A brs.
401 years, to the N. Y. Central, 4 Hudson River RR. at 8 per cent divi- Working expenses
ldends on the slock and the interest on the bonds. The pref. stock is $1 ,The Fourth ave. horse railroad was re861,350, balance common.
Net earnings
tained, and extra dividends are paid out of its receipts annually in April. Pavouia ferries earnings.
All operations are included mN.Y. Central 4 Hudson.- (V. 47 p 50.)
Interest on securities
W>»(.)- Froin Biugbaniton to
Western.
branches, 214 miles; built under the auspices of DeL Lack.
West, for 99 years.-with
Opened Oct., 1882. and leased to Del. Lack.
guaranty of the bonds and 5 per cent yearlvon the stock. The latter,
guaranty is written across the face of the certtfnates and signed bv the D
4 W. officials. Sept. 30, '87. owed D. L. AW. for advances $1,169,951.
A
Penn.RK. Office. Jan.
do
do
Oct.
J. Pbila.,
7
4
5
.000.000
A" J.
J.
J.
2>s
•">
•1)0,(1(10
1
Harlem.— Owns from New York City to Chatham,
From Chatham to Albany, 24 miles; the Bost. 4 Alb.
Western.— (See Map of Del. LackNew York Lackawanna ABuffalo
and International Bridge and
1902
Q.-J. New Haveu.Co.'s Office.
Oct. 2, 1888
A D. N. Y., Chem. Nat. Bank, June 1, 1903
A O.
do
do
Oct., 1903
do
4
do
J. A D.
June 1, 1911
5g- A. A 0. N. Y., Office, 6 Wall st
Oct. 1, 1927
....
!«•
1st coup, due June, '92. Dec. 1, 1927
A7
tiny
*
1,
Feb.7, 1889-92
2H
4
6
3.20. ,000
100
82
Dividen...
Aug.
Boston.
Boston.
Dne
Stoekt— Last
58,123.982
....
50
pal, When
45, p.
7,013,258
df. 1,376,943
sur. 14,611
sur. 601,799
on 2d eonsol. bonds, whether paid or not.
26. 143, 211. 212. 305, 437,722,740,743; V. 46, p. 229, 371.
full interest
538,650, 692, 771; V. 47,
p.
278.1
New York A Long Branch. —This company was formed in 1881
consolidation of several roals extending from Perth Amboy to
Bay Head. 38 miles. It is operated jointly by Cent. N. J. and Penn.
RRs., at a guar. reu'I of $221,000 per annum. Tue Cent. RR.of New Jersey owns all of the stock, and under the reorganization $1,500,000 is
held as security for the new mortgage. The bonds are redeem ible after
June 1, 1899, at 110, and are guaranteed(endorsi'd), principal and interest, by Cent. New Jersey.
In 1887 gross earnings were 8692,039; net,
$90,570. - (V. 46 p. 172, 255.)
liy
New York
Massachusetts.— Owns from PougUkeepslo to
Bostoi Cornel s, 40 miles, ami projected to Chic-opes, M433. This road
embraces the former P.mghkeepsie Hariford 4 Bostm. foreol ..3*1 in
1886, and is 10 be etieuded a3 a connection f>r the Pouuhkopjie
Bridge. The bonds have nor, yet been issued.
Stuck authorized,
A
$2,500,000; par, $100; issued, $1,014,000.
Poughkvtpsie, N. Y.
New York A New England.— The
G. P. Peltoa, President,
mileage owned
is
as fol-
lows: Boston to Hopewell Junction, 215 miles; Wicopee to Newburg, 3
miles Providence to WUlimautic, 59 miles branches Newton, Mass.,
to Woousocket, R. I., 28 miles; East Thompson, Conn., to Southbridge, Mass., 17 miles; East Hartford to SpringUeld, 27 miles; other
small brunches, 12 miles; total owned, 361 miles. Leases— Frauklin to
Valley Falls, 14 miles; Vernon to Rockville, 4 miles; Franklin to Ashlmd, 20 miles; B. 4 A. RK., 1 mile; Norwich 4 Worcester RR„ 66 miles;
total leased, 105 miles; also has running arrangements over 24 miles
more. Total, 49o miles. Controls Norwich 4 N. Y. Steamer line.
The former Boston Hartford & Erie Railroad became msolveui and was
succeeded by this company, formed In 1873. In 1878-79 the company
acquired the Hartford Prov. 4 Fishkill RR. Trustees of 1st mort. are
Boston Safe Deposit 4 Trust Co.; of 2d mort., W. T. Hart, E. C. Firz. and
F. J. Kingsberry. Terminal bonds to fund the terminal indebtedness
were authorized in Dec., 1887. Stock is reserved for $266,000 convertible Bobt. Hart. 4 Erie Berdell loads. In 1888 $500,000 new prefer! ed stock was issued to piovide for equipment, Ac.
On January 1, 1884, Mr. C. P. Clark, the President, was appointed the
receiver, and so remained till Jan. 1, 1886, when the road was returned
to its owners. For the car trust bonds 2d jnortg. bonds were issued,
bearing 3 per cent to Feb. 1890, 5 per oent to Feb. 1892 aud 6 for balance of term.
Range In common stock prices since 1882 has been: In 1883, \1^9
5214; In 1884, 8®17»a; in 1885, 12>a»39\; in 1886, 30»a»68»8; in
887, 34%»6t ; in 1888 to Nov. 16, inclusive, 29ijj3>53i4.
Annual report for year ending Sept. 30, 1888, in Chronicle of
Nov. 24, 1883. Operations, 4c, for four years past were
;
—
;
INCOME ACCOUNT.
Receipts
1884-85.
—
Gross earnings
Net earnings
Other receipts
Total iucome
Disbursements—
3.288,946
987,231
23,473
1,010,704
1885-86.
1836-87.
3,863,994
1,213,389
35,411
1,278,800
4,156,917 5,268,108
1,233,603 1,518,806
65.768
5.043
l,29.»,3;l 1,523,8X9
1887-88.
$
S
$
66,235
353,744
66,636
964,629
961,077
987,871
94,269
9,507
8,543
11,367
7 per cent dividend..
133.000
130.416
135,975
Tot'l disb'mcuts.
1,124,103
1,267,640
1,172,<:31 1,492,398
Balance
def.
113,159 sur. 11,160 6ur.l27,140sur 31,411
*Includ. Int. on cost of Boston Term, lands and/nH interest on bonds.
-(V. 45, p. 614. 673, 704, 763, 820; V. 46, p. 171, 320,538, 699; V.
47, p. 21,81,218,563.)
$
130,132
933,221
28,769
32,041
Rentals paid
Interest on bonds'*. .
Int. on floating debt.
Int. on car tr's sa mis.
New York New Haven A Hartford.—Owns
from Harlem Juno-
N. Y., to Springfield, Mass.. 1 23 miles: branches to New Britain, Middletown aud Sutheld, is miles, leased—Harlem APortohesterRR., 12 miles;
Shore Line RR., 51 miles Boston A New York Air Lino and branch, 51
miles; Stamford 4 New Canaan Road, 8 miles— total operated, 266
miles. This was a consolidation July 21, 1872, of the New YorkA New
;
•
November,
.
column headings,
on first page of tables.
.^nation of
ike.,
HnM
Date
Size, or
of
of
Par
aee notes
Bond. Bonds
Southern— (Con.i— 2d roort. debenture.. .C
Funded Int. bonds ($270,000 secured by coup's)c*
« Water*.—Common stock
Wor'i.ik
554
554
428
127
533
Korjulk
Frcf« rred (6 per cent) stock
oeral mortgage, gold (for (11,000,000;
e*
M.guld. onNewRiv.dtv
c
ImproT. 4 Ext. m. gold, (*8.00>\000 authorM)
Adjustment mort., gd (red'ble after '91 at 1 10). c'
1st M. Clinch Valley IMv.. gold. ?l7.oi>0 p. m..c*
Equip. i.'.U.lO 20-. (i.f. 3'Vdrn at 100 aft Ma
Car trust
Conv'nte debent'res (red'ble on 30 days' notice) c'
MortolK A Petersburg— 2d tnort
o
le— 1*1 prof, eon. M.(ext. In •SS-'SS-'rfe'i.o
8d
do
($ar. ivu-n-b'rg.c
do
3d
do
o
Vlri.ii
A Tenn.— Enlarged m.(extend'd In '84). .c
4th mortgage
do
jraCoro n«—Stock, ooro..
llfflPOl. Rich. A D.
Rich. AD..
Fref. stock-On. o. rental till 1901.
(
,
.'.:(3
115
1""1
$1,0(0
300
100
100
1881
1882
1--!
1884
1887
1.000
1.000
1.000
1.000
1,000
1,000
v rt
l"-i
1888
1868
1888
1888
1864
1866
81
133
133
133
214
214
6%
—
'600
600
60
500 sM
1881
1888
00
l--:s
i'*o
1877
1,000
1,000
47
1-78
1.1)00
A
Ofer.expen
•
•
f
8496,824
4.419488
2446.636
6.887,860
4.A35.044
7.601.948
7.890.209
4,770420
.'
2.826.126
2.466421
t
I
260400
880400
1.770.868
702.0A5
1.753.883
on debt...
ot
Total
I
paid. 10 p.e.
1469.171
1460.000
2.133.260
14M4M
1
-(.<
:•<
660400
663,x60
9.171
V. 40,
;
p.
I
289, 660;
'.t.-c.l
:
47. p
A
Northern. -Own« from 155th Street and 8th
York
(connecting with Metropolitan Elevated), to
Brewster*. N. Y.. aad branch, 64 miles; slso doable rack branch from
The romv-r N. V.
V«
ortlai dt to Yonkers. 4 mil «; total, 59 miles.
was sold In forMosare Aug. 17, '87. and this company
City A North,
.an/ed with cucumon stock or $3.0 Wi.000 and non-com pref.
Trustee of 1st tnort g. Is
•ock of $4,000,000: par. $ oO.
Sara) Trust Co.; ot 2d mo t... Kncnieis' Loan a Trust
For year ending 'eiit. 30. 818. gross earning, were $563.12-; net.
B70.1>i:<; sorplns over Orel charges, $10,168. (V 45. p. 135,172,240,
V. 4c p 1 19. 828; V. 47, p. 473.)
i
>
m
I
lew York
oniwsll. N.
" Delhi.
17 mlle»
to
A
Ontario
•
-
Western.—Owns from Oswego,
branches to New Berlin. 22
lea:
*T.
V.-
mile*:
lis; leases
m
le.8 miles: total owned. 3.0
and Clinton to Koine. 12 utiles. By
It. from Cornwall to Weehawken. 63
,y. 18"«,
a< tr*. kurc; t da] opera!.. I. 417 mile*. In
H. Canal Co. for operation of the V.
e an sgreement with the D.
percentage
basis.
ling, snd the Some A Clin roads for 30 years on a
~
<r York
line was opened
Oswego Midland. Main
This was the New
fault was made In 1873. The main line was sold
Jaly, 1871
-79.
1800.
Present company organised January 22. 1880.
sjosure Nov. 14. 1878.
6 per cent flr>t mortgage bonds $2,000,000 were
Ofr the $4.000400 of r
the pref. stock. An Important agreement wltuNewY'otk
needI to retire tbe
.ii
*
'i.t -. •n
wai made In 1888. (V. 4«, p. 75.)
was
.. _tral
7. to Aog. 31, 1880 ( 1 1 moa.), gross earns, were $1 ,.">1P,Fron
-9. agaln-t
$62. a. alnst $!.:<In the v. ar ending Sept. 30, 1886. cross earnings were $1.492.851
l-^tiiT gr.-«. $1.4804$4i Bat, 8Ba
8j aarptaa
pat,
•vi r Interest. Ac, $72416. Bee snuual n-t>ort In V. 46. p. 818.
lea,
ils
32
1
$014*8
•
CA
A
_
S
»40
272.437. 673, 792, $18: V. 46.
10.
810,
M
A
V
1
cm
n.lles,
has r
ihj pit meat
I
p.
75, 255.
I
branches. 9
mlle«
;
Ohio.—Owns from
A-
owned, 431
total
es
New
Salamanca'
miles.
Leased lines
Lislmn RR., 311 m
A New
Castle to Clev. A Mahon. Val. RR. and
ranehes. 27 m.; total operated, 697
Formerly Atlantic, A
Jt.ne. 1880.
1871. snd leased to
1874. bat leas* not" aarried oat. Again sold Jan. 6, 1880. and rea London committee of suxk and bond holders, (*ee
80. p. I43i. and again leasl-v.. •
stoss 8lwsjs$11» istlnjasjsjsji afsntswa Iiiiist anlll :he thlr.i
rash during three years,
lever portion of this that
arrant*, to lie capitalized
t to become altso!
an go Vullev.
.
A 8.
A 8.
AN
A N.
A J.
do
do
do
do
June
June
1957
1908
1,
1,
1889 to 1900
Jan.1,'96-1900
7
7
6
900,000
3
J.
890400
$22,000
094.000
4.444.000
8
8
M.
M.
!*•
J.
*'
I.
.000
g.
A.
A
A
A
A
A
A
June
30.
Mch.
1,
Burlington, N. C.
1,200,000
l<
1900
1900
Sept. 1, 1888
Sept. 1, 1888
Nov., 1888
Nov.
1,
1901
Jan. 2. 1889
Nov. 25, 1888
May 1, 1896
Jan 1, 1903
Sept, 1, 1905
Charleston. Office,
J.
July 1, 1888
'!
8.
do
Sept. 1, 1899
8
do
do
Bept. 1. 1899
J. N. Y., John Pnton A Co. Jan, 1, 1938
J. B\Y.,8o.Pac.Co.,2
Jan. l, 1907
do
do
O.
April 1. 1908
>
./gnarantaed by N.
V.
I.
A W.
K
1h87 to Mireh 31, 18><8<U month.), gross eamlnes were
against Sl.oll t!7 In 1886-7; net, $l.no5,649. against
i. over charges. $140,551), aealnst >189.4tl I.
Earnings for yeai
..$0,141,107; net. *2,01 1.522;
P. A O., 8i401.t01 s trplii. or N. Y. P A O. after all payments. $9,874. In'
...S, $8,365,127; m-t, *J.i:. :. Uti: rental
O., $2,030,841: surplus or N. Y. P A () after all payments, $5,370. (V. 45. p. 84.113, all, 414, 673; V. 46, p. 201, 320, 480;
V.47, p
From
Oct.- 1,
•»37,
•PA
A
New York Philadelphia
Norfolk.—Operates from Delmar,
Del. to Cape Charles, Va., 95 miles, and King's Creek, Md., to Crlstleld,
17 miles; total, 112 miles. Successor of th- I', n n- tin. KK. Co. of Va.,
Jan. 1, l->-l. purchased the East- rn Shoi
Delmar to Crlsawta. 38 nillea. Capital su>ck, $1.71 1,37 •"; par. $loo. In nine montii.
:u. i-i88_, s^iwesrnma were $489433 against
nil.-* 89,607
ag.Uust $'3. 443. Oross earnings In 1887,
•
.
A. J. Cassatt, Pros.,
-t. $'i:i.oo7.
I'lilla.lelphta.
(V. 46,
p. 828; V. 47. p. 170.)
A
New Verlt Providence
Boston.—Owns from Provldenoe. R.
miles; Warwick RR, 10 miles; Pontiac branch,
I.. toGroton, Conn., 62
«is null's; operates also Pawtuxet branch roads, 5 >• miles; total operIn Ma
181.8. took s 1 -aae of the Provld -nee A Worcesartist
ter Rat. read for i» j cars at 10 per cent pit annum on tbe stock.
Owns :i ualority interest in the Providence A ."toning ton
Steamship Line, which has a capital of $1,400,000. In Feb , 1888,
l.ixsj.OO" new stock was Issued ti provide means for bridging the
Thames. In year ending aapt, 30. 1887. gross earnings were $1,276,
"8. fllvldnds. $120,735.
In 188VS4. gross,
81,287,120, net, *:(7.;.u73. iV. 45. ji. 818.820; V. 46, p. 134, 5,3.)
New York A Itorkaway Beach.—Owns from Qlendalo Junction
Rockaway Beach,
—
loxj miles leases rrankave Olendale Junction to
City. 4»» tnlli-s; Fresh 1'oud to Bush wick. 2>s miles; WoodBrooklyn, 4>» tulles; total operated, 26 1* miles. The stock Is
$1,000,000; par f-1' o. Oontn ed by 1. I. UP. Co.. wno.e endorsement
1« pr nted on Hr.t u ortia.-e b.m'ls.
Forcclo-ttn
N. Y. Woodhaven A Rockaway road was nuule In June, l "87. and this company
wganixed. (V. 4. p 13. 311; V. 45, p. 572,856; V. 47. p. 3-3).
to
;
Long Island
i
I
New Tork .Susquehanna A Western. -< .*••«• Hup.) -Jersey City
tot.rawl Place, P.nn., 101 miles; Two Bridges. N. J., to UnlonvlUei N.Y.,
21 miles; oth-t branohes. 12 tulles; leased - ITuiouville. N. Y., to Mlildlotowu. N. Y.. 14in.; I'etin.
trackage, 3m.; small branches, 6m.; total,
157 miles.
The tfew Jersey Midland was sold In foreclosure Feb. 21, 1880, and
the Midland ol New Jersey wss organised. The New York Susquehanna
A Western was a consolidation in June. l8"i,of the Mlillundor New
Stock common Is $13,000,000; pn-rerred
Jersey and other railroads.
(cumulative 6 per cent). $8.00o.(XX); par. $100. Tbe New Jersey Midland Junior securities were exchangeable Into stock of tin- company
iin tent's, and tbe exchanges up to Jan. 1. 1888, left $1,442,940
ol the old stock. Income bonds and scrip not yet exchanged.
per ct. bonds were off.-re r..i the tlr.t mort.
In In
i...tci- .mil i"
pi
.mi the BTohange wan nenatslly aooeptod by
'Iders, though some few held out.
was In V. 46, p. 198, 25!'. Income account
Annusl r- )> irt for
has been as follows:
18-4
188'.
1887.
1888.
RR
t
'.
i
-
"
f>
$
1,395,186
697,592
27.159
414,621
474,835
501,309
624,751
41 '.01 o
•322.0!!.-.
•327,705
25.000
83.192
443.041
24,496
88469
519,192
439.447
(Aurarmen/t—
Interest
Rentals
Car
•
1,034,208 1 092,355 1,129,411
418,521
474,835
457,286
44.023
Total net Income..
.•
.
$
$
Bsssfgtfs—
Tot (1 gross earnings.
Net earnings
Other Income
•
rv
1931
1,
cent geiw« eamlni:., mlului'tui rental being Interest on ionds, and pay-
Changed to standard gsnge
,
I
M.
M.
M.
8
!*
f
«
May
April 1, 1932
Feb. 1, 1934
Dec. 1, 1924
Philadel.
do
do
do
do
A
8
8
8
1
ti'
New York Pennsylvania
8.
1921
1921
.
604.1
Bew
A
-M.
1,
A
Oot. 25,1888
do
do
do
do
do
do
do
do
York and
4400,000
•
eSVaM
O.
A.
do
do
do
do
San Franotsco.
J.
do
do
Q.— F. Phila. of., 240 So. 3d St.
M. a N.
do
do
J. A J.
do
do
M. A 8.
do
do
60
IMS
1889 Oct.
1920
Oct.,
M'nthly N.Y.Cent. Tr. Co.APhil.
Various.
Philadelphia Office.
J. A J.
Jan. 15. 1894
N. Y.Cen Tr.Co. A Phi), July 1. 1893
A
A
do
do
1889 to 1900
6A8
A6
5
5
till
Poiladelphia.Co.'a Office
N. N.Y.Ceut. Tr. Co.APhil.
A
A
A
AD. New
J.
"e"
8
6
l-"3
140
102
102
-
K
885,000
1.000,000
3.000,000
1,000,000
210,000
1.090,000
150.000
4,742.950
1.500,000
l""i
56
Iff
g
5,
O. Int. fund,
Yearly N.Y., Mercantile Tr. Co.
*• M.
f »'
A.
f
6g. F.
1.IKBI
1,000
4
A.
"i'H
468400
87-^8
"88
6
3iato6
39.S.30O
100
100
223
78
Bondt— Prlncl
INTEREST OR DIVIDENDS.
pal.When Due.
Wben Where Payable, and by Stock*— Last
Cent.
Payable
Whom.
Dividend.
Rate per
100 Ac
loo Ac
BOM
*
taxes,
486400
808400
1.000
Baven and the Hartford A New Haven railroads. The company nses
the N. Y A Har. RR. from WiUiamsundge Into .v. y. cii
The company leases the Harlem River A Port
large real therefor.
theater Ralroad. and guarantees the bonds. In July, 18"7, the New
Canaan road, the Nsugatark. the New Haven A Northampton and the
Bsrtford * Connecticut Vslley were leased for 99 yean.
earning' were
80, IBM, 11 Ma,
PtMB Sept. 80, 1887. :•• -.
0B.7e6.5S4. against $7,724,353; net $2,944,026. against $2,449,683;
Axed charge. $!.• 33.719. against $1,763,892.
Fiscal year ends Sept. 3o. Report for 1886-87 was In V. 4>. p. 790.
188445.
188344.
1885 86.
1886 87.
M
•280,000
345,000
7.000.000
28.000.000
6.912.000
2,000.000
4,100,000
1,500,000
2,500.000
1,100,000
1,327,407
525,000
1400
223
223
Mart* Pmtifle CWe^'lit an'd'idM." "(1st M.'sink.!fd.j
1st mort. Nor hPacllle Coast Extension Co
to. Fran.- eXock. 8 % guar. «90 ym., Pull. * Bead.
2d mortgage
General mortgage bonds
r
Bonds secured by $1, 200.000 stock
fortAtmUrm (8. C.l-Stock
c
1st mortgage, prorlded for by con -ol mort,
3d mortgage, prorlded for by con sol
Cttnsol. mort.. gold (tor $1,836.000)
c
BertAerniQai. >— IstM ..In'. guar. ($6300.000).gold.
San Pablo A Tolare— 1st (83.750,000). ». fd. 1 p c
Amount
Outstanding
Teton,
IBM
1-
.
Total gross earn 'g.....
91
a great favoi by giving Immediate notice of any error dUcorered In these Table*.
DESCRIPTION.
•
;
RAILROAD STOCKS AND BONDS.
1888.1
•iiiiMfrilwri will confer
For exo
—
.
t
ust obligations
.
Total dl.linrrements.
Balance
25.1
00
df.10'2.671 sur. 36,388
185419
513,184
47C.166
df. 11, 875aur. 154,595
'
right to loreeloae
d third mortgages there
•i.OOO..
'
on N. Y' Bus A W. firsts snd nebcin tiros.
211, 5O0; V. 44. p. 131, 198,266.)
llalf interest only paid
-(V.
;
New York Tcxns
A- TIoiIchii.
Texas, to Brownsvu
Drnleetod from Rosentierf
nmplit.d llo-enberg o
o $75,600 4s yet
-••. DeveL Co. and Is operutid bv the 8o. Paclltc Co.. which itu.iranteet the t per oent bonds.
i, gross earnV. were ifl) 1.105,
i.t surplus or 1,1
nl ugs were $1 'i".858; not, $9,006.
In 188'
In 1887 gross.
.107. fV. 46, p. 488.1
$I7(|,
•
ti,
I
hi.
i
'
SBJ
tnan a
hat
and
.pecltli
'
,1
tiilliliiiiiiii.ini
ntngara
rentals,
and $331,746
iiri.t-e
,v
Canaudalgna.—Owns
mill braucli,
ear
UN) mile.
from Cansndalgua to
The
Is leased In
I
-
Is
leased Id
perpetuity for 32 per
iesaee to
commute by payment
of a gross
annum,
sum of $1,000,000.
(i.imkiimt
«'2
INVESTOKS'
SUPPLEMENT.
[Vol.
XLYII
Novxmbkb,
1888.]
RAILKOAD STOCKS AND BONDS.
93
INVESTORS'
91
SUPPLEMENT.
[Vol. XLVII.
Subscribers will confer a sreat favor by slvlns Immediate notice of any error (Uncovered In these Tables.
DESCRIPTION.
column headings,
on flrat pago of tables.
For explanation
of
A-c, sec noted
Jf. H.-Btock
Worth*™ Central—Stock
Zdm
8UU (Maryland) loan
.
o"
rt.age
Conso. tinted mortgage, (told
Consoli lsted mortgage, gold
Cons. pen. M.,g.. s.f., d'wn at 100.
Date
Size, or
of
Par
Bonds Value.
Jfor<A«r».
1st nie-tgage,
Miles
of
<"
r
£ or $ A & B. .o
gold. «G AD
do
c
wM, K
do
do
Jd gen. M.. "A," (sinking Td $30,000 after '87)c*
c*
"B."
do
do
Onion RR.,lst (asa'di $1 17.000 end.by Balt.City.o'
c
do
2d mortgage (assumed) $ or £
$100
83
50
361
138
138 1865 500 Ac.
1,000
138 1868
1.000
138 1868
1874-5
1,000
138
1876-7
1885
1876
1876
1,000
1,000
1,000
1,000
9
'67--70
500 Ae.
9
1873
1887
1,000
100 Ae.
100
138
138
c
21
Jf*-fA'-»orjrew/ersry-3.| M. (for $700,000)
Korlh' r •> Paetfle—Prot. stock(8 p. o., not oum'Uve) 3,317
3,317
Con. H on stock
205
1st M. and Id gr., Missouri Dlv., dr"n. at par..o*£r
225
1st M and Id gr., P. d'Or. Dlv., dr'nat par..o**r
itM Id gr,g., $25,000 p.m., dr. atU0..c**r 2,136
All
c**r
Geo. 21 M.,k,1 gr.,s.f.,dr.atllOaft. '88
All
il \f.
s f..notdrn..g.(fnr$12.ooo.ooO).o*A^
Dtvtrt•:ld certificates, ext'd In '88. red. after '92..
o*
Jas. Rtv. Val. KR. 1st M., gold, guar 8. f
c'
d'Alonc, 1st mortgage, gold
C
Spokane A Palouse, 1st M„ gold, guar., 8. f
e*
Dull. tli A Manitoba, 1st M., gold, guar., s. f
do Dakota ex.. 1st M.,g., guar., s.f.
do
Helena A Red Mountain, 1st M., gd., guar., s. f..c*
Helena Boul. Val. A Butte, 1st M., gd., gu., 8. f c*
Dnnuiiiotiil
PUillpsbiirg. 1st M„ gd., gti.. 8. f .0*
Hel. a .v Northern, 1-d M.,gold. guar., s. f:
o*
Missoula A Bitter R. V.. 1st uiort g„ guar., B.f.o*
No Pac. La Moure A Mo, R.. 1st M..g.,euar..e.f.e*
,
—
A
i
,
61
30
104
110
96
19
30
26
1219
50
21
100
1879 500 Ae.
1879
1,000
1881 l.OOOAc
1883 l.OOOAo
1887
1,000
1888 500 Ao.
1886
1,000
500
1886
1886
1,000
1886
1,000
1887
1,000
1887
1,000
1887
1,000
1887
1,000
1887
1,000
1887
1,000
1887
1.000
INTEREST OR DIVIDENDS.
When Where Payable, and by
Cent.
Payable
Whom.
Amount
Outstanding Rate per
$2,997,300
3
7,150,000
3
1,500,000
6
1,126,000
6
2.599.000
205,000
£«•
2,208,000
2.000,000
6 g.
1.220,000
H«g.
2,758,000
5
1,000.000
5
900,000
6
600,000
6 g.
505,000
6
37,631,169 llijoccrt
19.00o.000
2,130,000
"e"
2,579.000
6
16,9 13,000
20.000,000
10,669.000
i, 230,000
903,000
360,000
1,557,000
1,650,000
1,151,000
100,000
600,000
516,000
250.000
1,000,000
l»
6g.
% g
-
t*
5 g.
5
318,0.10
5
g.
g.
A
A
J. A
A. A
J. A
J. A
A. A
J. A
J. A
J. A
M. A
J. A
J.
Bost.,Conc'd or Leban'n
A Phil. 233 S. 1 st.
Annapolis.
Baltimore A Philadel.
J. Bait.
Q,-~J.
A.
O.
Nov. 1, 18S8
July 16, 1888
Irredeemable.
April 1, 1900
1900
1900
1904
Baltimore, Treas. Office.
1904
O.
do
April
1925
J
do
Jan.
1926
J.
do
Jan.
1920
J.
N. Y. A Baltimore.
Jan.
1895
N. N.Y., London A Balt're. May
1900
J. J. City, Hudson Co. B'k„ July 1, 1917
Jan. 15, 1883
J. Baltimore, Treas. Office.
do
O.
J.
J.
London A Baltimore.
AN.
A S.
A J.
A O
A D.
A J.
A J.
A S.
A N.
A J.
A D.
A S.
A N.
A D.
A D.
A D.
N. Y., Mills Building,
A
—
Boiuls Prin oi pal.Wlien Due.
Stock*— Last
Dividend.
do
do
do
do
do
do
.
do
do
do
do
do
do
July
July
July
July
1,
1,
1,
1.
1,
1,
1,
1,
1,
May T,' 1919
Sept. 1, 1919
Jan. 1, 1921
Deo. 1, 1933
Dec. 1,1937
Jan. 1, 1907
Jan. 1, 1936
N.Y., LnnlASeo.Inv.Co. Sept. 1, 1916
N. Y., Mills Building.
May 1, 1936
do
do
do
do
do
do
do
do
i).
do
do
do
do
do
do
do
do
July 1, 1936
June 1, 1937
March 1, 1937
May 1, 1937
Juua 1, 1937
June 1, 1937
June 1, 1937
Juue 1, 1937
C
the Elizabeth Citv A Norfolk. Name 3. C, 102 miles ; leases Joiutly, Lane, 8.
t" Sumter. S. C. . 38 mllef ;
ehnii-e.1 Feb. 1, 1883. Owns from Norfolk, Va.. to Edenton. N. C, 75 total operated. 140 miles.
This company has earned the interest on its
Capital stock, $1,000,000; par, $100. The holders of 1st mort. bonds, with a good surplus. In Nov., 1882, the above consol. mortgage
miles
and debenture bonds funded their Interest for five years, 8ept. and Oct., was authorized, of which $1,112,000 was held to retire debts of prior
1884. to March and April. 1889, respectively, until which dates the lien. Stock, $900,000 ; par, $50
In the year ending Sept. 30, 1887,
fundi d interest bonds bear 3>a per cent interest, payable yearly; after gross earnings were $554,253; net, $151,186; adding other receipts,
Gross earnings in 1887. Including smplusov.r interei-t and dividend (3 p^r cent) was $24,189; in 1885that 6 per cent semi-annually.
steann oats, $282,167; net, $77,233: surplus over all payments, $13,- 86, gross, $558,633; net, $121,765.
(V. 15, p. 101, 768.
558. dross in 1886, $210,200; net, $66,002.
Northern (California).—Owns West Oakland to Martinez.31 mile*
Norfolk <fc Western.— (See Xap.)—Owns from Norfolk, Va.,to Pe- Benicia
to Snisun, 17 miles Woodland to Tehama, 101 miles; total 148
ter-l'iirg, Va., 81 miles; Petersbiifr vV, to Lynchburg, Vi 123 miles,
Martinez to Tracy City, 17 miles,
Lynchburg, Va., to Bristol, 201 miles; branches Petersb'gto Citv Point, miles. Tin San Pablo A Tulare
leased by this road, is operate I by So. Pa
Leased to the Cent. Pac. till
Va., 10 miles : Junction to Saltville, Va.. 10 miles: New River Division.
Jan. 1 1907, at a rental of $40,000 per month and guar, of ptinolpal
75 miles; branches to mines, 22 miles Cripple Creek extension. 29
miles; total operated Deo. 31,1887, 534 miles; under construction, aud interest of bonds for Northern; and San Pablo AT. leased till 1908
for $13,800 per month and guar, of princ. and int. of bonds.
In Nov.,
Cllneli Valley Extension, 115 miles; branches to mine, 11 miles.
The Atlantic Mississippi A Ohio RR. Co. was a consolidation of Nor- 1886, new lease to Southern Pacific Co. was made. Moderate dividends
have
been
paid.
The
Northern
stock
is
$6,190,500,
aud
San
P. Al.
folk A Petersburg, South Side and the Virginia ATennessee roads it was
foreclosed Feb. 10, 1881, and was reorganized as the Norfolk A Western. stock $1,861,000; par both $100. Gross earnings in 1886 were $2,762,net,
750;
$1,699,059;
dividend,
2
per
cent.
In
1887
gross,
*i,
999,The company has been progressive in developing its business, partiiularly the local traffic; and the Clinch Valley Extension to Norton, Va., 565; net, $1,113,376. W. V. Huntington, President. San Francisco.
-(V.
16,
650.)
p.
106 miles, to a Junction with Loutsv. A Nash., will give another connection to the West and South.
Northern,
A full report of the company was in
Hampshire.—Owns from Concord, N. H., to West
the Chronicle, V. 16, pp. 509 and 512.
Lebanon, N. H., 70 miles; branch. Franklin, N. H., to Bristol, N. H., 13
Company also pays 6 per cent on $51,100 pref. stock (par $100) of miles; total, 83 miles. Operated by Boston A Maine under an agreeVa. ATenn. RR.
ment for one year from Nov. 1, 1887. In year ending March 31, 1888,
Abstract of Clinch Valley mom-age (Filelity Ins. Trust A Safe D. Co total receipts from rental, etc.. $188,013; surplus over dividends (6 per
of Phlla., Trustee.) in V. 45, p. 541.
cent), $8,175. (V. 15, p. 26, 612, 673; V. 16,p. 827.)
The Iquipiuent mortgage of 1888 (trustee Girard Life Ins. Co. of
Northern Central.—Owns from Baltimore. Md., to Snnbury, Pa
Phil ) is lor $.5,000,000, ard covers all equipment and rolling stock and 139 miles; branch— Hollins to
Green Spring June, 9 miles; leases— Shamall ear trust obligations purchased with the proceeds, of bonds issued
okJL Valley A Pcttsville RR., 28 miles; Elmlra A WiUiamsport Rail
under the deed.
road, 7t> miles; operated at cost^Elmira A Lake OLtario RR., 103
Pieferred stock paid 1 per cent in cash In 1882, 3*a in scrip in 18S1 miles; track
of New York Lake Erie A Western used, 7 miles;
and l>g In cash in 1888.
total operated, 364 miles. This was a consolidation of several roads in
The range of stock pnoes since 1882 have been as foil iws In 1883, Dec, 1851. The terms of the
several leases will be found under the
10-218: in 1881. 10312i«; Inl885, saiS'a; in 1886, 8327%: lu 1887,
names of the leased roads. In February, 1882, purchased at par the
13923>e; in 1888, to Nov. 16, inclusive. 15 1s823'4.
Preferred— In stock of Union RR. in Baltimore, $600,000; in 1887 this stick was
1883. 32-340%; in 1881. 17»12;ln 1885, U-a31is>; In 1886. 25-8>59%; increased to
81.200,000, aud a dividend of ten per cent in Northern
In 1887, 34V35578; in 1888, to Nov. 16, Inolusive. 41>a®5S«B
stock was paid to stockholders July 15, 1887. The consolidated
From Jan. 1 to Sept. 30 In H88 (9 months), gross earnings were Centril
general mortgage (gold) of 1874 was for $10,000,000 to retire all prior
$3,591,399, s^-st. $3,001,303 in 1887; net. $1,398,551, agst. $1,210,296. bonds.
the above bnndt $2,360,000 are sterling or dollar, interest
The annual report for 1387 was published in the Chronicle, V. 16, payable Of
in London or Baltimore, and the balance are dollar bonds,
pp. 509, 512. The earnings aud expenses for four years were:
interest in Baltimore.
The Pennsylvania RR. owns $3,322,800 of
1881.
1885.
above stook.
1886.
1887.
turnings—
The 2d general mortgage provides that $30,000 yearly shall be ap$
$
$
$
Passenger
.-.
621,192
458,445
486,231
685,257 plied to the "purohase and redemption" of series "A" bonds.
freight
2,025,087
2,138,120
Froru Jan. 1 to Sept. 30 in 18o8 (9 months) gross earnings were
2,51,0,827
3,105,220
Mail, express, Ac...
161,875
174,5.= 5
171,998
161,317 $1,628,897, agst $4,679,189 in 1887; net, $1,486,321, agst. $1,725,105.
The fiscal year ends December 31, aud the repoit loi 1887 was In
Total gross earn's.
2,711,151
2,771,120
3,252,056
4,254,794 the CHRONICLE, V. 16, p. 226.
Operating expenses.
1,516.858
1,649,291
1.960,910
2,483,780
INCOME ACCOUNT.
Norfolk Southern.— Formerly
;
RR—
—
-.
,
;
;
New
,
:
Net earnings
P.c. of op. ex. to earn
1,191,296
55-9
1,121,829
600
1,291.146
60-29
1,771,014
5838
INCOME ACCOUNT.
1884.
188.'
$
Net Income
Disbursements—
Inter, on iKinds.Ao..
1886.
1887.
$
1,194,296
$
$
1,121,829
1,291,146
1,771,014
953,436
1,139,991
1,184,517
9,239
1,237,134
7,819
55399
Total disbursemla.
953.436
1.195.690
1,193,786
1,241,983
Balance for year.... sur.240,860 def. 73,861 snr. 131,663 sur. 635.528
• Includes Income from Investuvnts,
Ao,
r
5
E
—
'
.
'
""lenses, $24,960; balance, $251,910.
S™?.^
$274,849; expenses, $24,660; balance, $250,189;
1
Rental, etc.. in '86-7!
1857.
5,490,923
2,235,309
254.070
5,474,617
1,931,949
277,348
6.212,926
2,073,184
251.125
Total income
2,317,311
2,489,379
2,209,297
2,324,609
ss
Rentals l's'd lines.Ac*.
Interest on debt t
Dividends
Rate of dividend
Miscellaneous
$
461,761
935,011
520,000
8
46,511
Tot. disbursements...
Balance, surplus
North Carolina.—Owns from Goldsboro to Charlotte, N.
223 m
The propertywas leased Sept. 11, 1871, to tile Richmond AC.Danville
Jailroad for 30 years at a rental of $260,000 per .year.
Dividends of 6
n
e v
.?" V," " t,M >. »' wnlch the State of North Carolina holds
,r£S 5JX
" n ., t,e dividends
thus received by the State are applied to
?S°^'
r
ta " UB 1 to th * Nortn
Carolina RR. Rental, Ac... in 1887 88
,5°£.«"
1886.
$
5,521,876
2,053,482
263,829
Disbursements—
Miscellaneous
1885.
1884.
Receipt!—
Gross earnings...
Net earnings
Other reoeipta....
142.203
931,272
520,000
160,819
951,107
515,916
8
53,690
116.997
903.011
520,000
8
41,775
1,963,286
1,947,165
1,914,813
354,025
542,214
291,184
1,957,872
366,787
8
* Includes rent of roads and Interest on equip,
-(V. 16. p. 226, 739.)
t
Includes car trusts.
Northern of New Jersey.—Owns from Bergen. N.
81U.N. Y 21 miles; leased Sparkill to Nyack, 5 miles;
to Spar-
J.,
total operated, 26 miles. This road was opened October 1, 1859. By contraot
of April, 1869, It is operated by New York Lake Erie
Western at 35 per
,
A
oentof its gross earnings. It is understood the contraot is terminable
by either party on notice. The stock is $1,000,000; par $100. There
ate also $23,000 2d mortgage bonds due March. 1889. Dividends are
paid as earned on the rental. R-ntal received in 1886-87 was $102,666;
*2.500.0OO; par $100. In 1886 gross earnings dividend paid 1 per cent. (V. 46, p. 255.)
Xffte, »t«<-k.
n0
072
Northern Pacific.— (See Map.)— Line of Road— June 30. 1888,
dcnclt «nder fixed charges
»iTa«7.
s gross,
'"S.'SS'.fS^
$19,867; il'?lu 18-5.
$289.557 net, $51,938. No late information owned: Main line— Ashland, Wis., to Portlai d aud Wallnla Junction,
th ?:*n»«rlT»nt«.-Owu» from Philadelphia, Pa., to Bethlt- Oregon, 2, 140 m Duluth to Nor. Pac. June. Ca Interest), 21 m Duluth
p
to Superior 3 m. Total owned, 2,1 67 in. Leases and controls— Sc. Paul
miles; branches JenMnfn to Dela. River 20 mi
Jem.Pa^
Lai sA N. P Binlnerd to St. Paul and branches, 117 miles; St. P. Minn. A
Wn 0mllo',;,ron HIU <" Hhlmersvllie.2 m eses;
Wan.. St. Paul to Minneapolis and brandies 16 miles; C. St.. P. M A O.,
,8 mlle*-.TueN "" " "' t lv " n nn,{ the Stony Creek roadstotal
are
SSSJSl Un Cr ntrao ,n M " >' ,7;i
'<-»««> f"f WO years to Pha Superior to W. Superior, 4 miles; Little Falls A Dakota RR.. 88 miles
2K?.?i
1 o»7
r; p. e. on stock till t.1883,
A Reading at
Nor.
Pac. Fergus A Black Hills RR., 117 miles; Fargo A Southwestern
and 8 per cent thereafter.
Northeastern (S. C.)-Owns from Charleston. S. C. to Florence. RR., 87 miles San. Coop. A Turtle Mount. RR.. 37 miles Jamestown A Northern RR., lo3 miles Rocky Mount RR. of Montana
div's paid, $238,698.
ln
1
tr m ,?" n Francisco to Duncans, Cal.,
?
mibi. branch
iV f ^^'•"^J"
7» miles;
to Ban Rafael.
2? miles; leased. San Katael to Sai
M
,
P
S
:
;
JL
^,Jira^
^
^
;
;
,
l
!
™
-
'
;
;
:
;
9
.
November,
1.
.
:
RAILROAD STOCKS AND BONDS.
1883.]
Sabaerlber* will confer a great favor
DESCRIPTION
* Florida— \H
X'rtkvcttt
M
45
06
66
118
.<•
.
awatxa*,
i (redeemable July. 1990)
ortgage (for $3,500,000)
bonds, not cumulative
Ohio Ind. <tw.- Block i*3. 25.000 is 5 p.ct-pref).
Ind. Bloom. 4 Went 1st molt, pref
c.tr
O. 1.4. W. lit M.<9 .00.000 are pr. bind*) g
c'
2daiottgagr, gold.
r*
lat 4 2d M. int. ear. drawn at 100
CM* at JTu»MK<BfM-fltock (#4.030.000 Is pre'.)....
lat general mortgage (for$160uo.Ooo>
c'
Ut eoaaol'iated mort. (93.44.5,000 are a. f.)
Consolidated mortgage, atertinr. ». f
il8
118
Sd sons. mort.. (earn.
Bering. Dtr. (Bp.
.
4
400.01 K>
3,077,1100
l.OOO
1.000
6
3
8
6
drawn v«
1*88
3:>J
l-.;«
899
M
1888
1-71
1874
1887
ib'i
I--.;
103
let
809
i si
199
loo
1889
na
per mile.
9 Low
9000000
1000
950,
100
1.000
1.000
1.000
11084000
1093000
1.IXHI
196000
1. 1933
1938
I»
A.
1897
April
1920
1920
1,
April,
Corbin B'nk'g Co.
do
do
J.
J.
J.
St
8,600.000
3O0;00O
i
Jan.
do
do
do
N. Y., Union Trust Co.
Jan. 1. 1908
A| rl 1, 1033
April 1,1918
April 1,1938
June
1932
1898
1898
April. 1911
7
Nov. 1, 1905
>.Y.Ki.lilcr.IVab'y4Co Oct. 1. 1897
6
July 1, 1936
8
Y., Its N:it. Btnk.
Firs; coup, due Apr "89 Apiil 1, 11126
5
N. Y. Central Trust Co. Juno 1, 1!>H6
April 1, 1937
do
ilo
«*•
S.Y., Corbin Bauk'gCo. June 1, 1921
6 g.
June 1, 1921
a"*
July 1,
N. Y., Central Tr. Co.
July 2. is Si
s%
Boston, Office.
do
Maron 1,,1*94
7
.-» -6-7
Varolii
do
6
do
Deo. 1, 1897
4% J. 4 D.
do
44
April 1. 1904
2,100.000
2.100.000
1.470.000
1874
do
do
do
ilo
7
6g.
7
-".000
1000
pal.Wben Due.
gtoelu— Last
Dividend
Boston, 2d National Bk July 10, 1888
Boston, N. E. Trust Co March 1, 1897
Boston, Otfioe.
July 10, 1879
do
Mar., 1890
J. 'i"j. N.Y.,
4 0.
4D.
4 J.
4 J.
A. 4 O.
M. 4 BT.
A. 4 O.
J. 4 J.
,* 0.
4 D.
4 O.
4 D.
J. 4 D.
4 J
J. 4 J.
M. 4 S.
4 Co
N.Y., Winalow, L.
5g.
"5"
(*i
1888
T5*7
7
B17,0»0
1.000
l.OOO
l.ooo
•
registered
pon and
for VxawaawsTBax*
l.OiHJ
1.1HK1
1.IMNI
1.000
8
346
13,325,. 00
l.OOO. 000
l.ooo
9000
<••
(U,i.O0,IKK)F.4A.i
i
980.000
600.000
2,529.650
999.750
7.003.000
2,000,000
854.165
24.09 J.570
3.216,000
6.501,000
113.000
3.6(9,000
2,009.000
958,0 ->
1.000
1.000
1989
.rly at 100. o"
OWoaty—Stock
"•(not mortgage) coupoa and registered
1004c
50040.
9004*.
in Ac
100
1879
342
616
2d mort, #7.000 per mil.
OAiofiirer-lst
K) per ml e ...e*
Gen'l M., g .Nl (for *J.oOO.0u0). lat on 3.1 mlles.c*
Ohio Southern -I Ml mort. ($15,000 » m.lgnld.. ..c*
3d mort.. Income, n.n cum (#15.0(>0 p. m.) g...e Mi* Fof.V,. a>.-lst M.,guld (815.000 p m.).».f..eCMst
1,000
4 J.
A. 4 O.
J. 4 J.
M. 4 8.
J. 4 J.
SI. 4 8.
J. 4 J.
A. 4 O.
A. 4 O.
J.
t*
(1)
IBM 900 4e
v&n 100 4c.
Jirj
sink, fund ). no drawing.
S.E.) 1st M. ( $3,000,000) e-
« JTerUsraatent— 1st nv.rt.. $12.00o
0*4*
1877
1871
1877
Ml
111.
rt.
4
342
C
e*
10 per
2,604.400
353
.
Kqateav at Tr
100
litoiwi*— Prun-l
by
whom.
Payable
Cent.
9J.000.000
100
)
Rate per
91,000
1,000
18.-8
fiiu'l
INTEREST OR DIVIDENDS.
When Where Payable, and
Amount
Value. |0"««t«"<linK
Bonds
K.....1.
a*
_UtM,
"*?•"*
of
1—3
($3.000000
$12,000 per mile.
.
Date
g.
Worcester—Stock. 8 % rental. N. Y 4 N.E
c
prlnolpal4lnt.giiar.by N.Y. 4N. K
Lakt Ckamptaiis S tock, oommon
/forma*
giving Immediate notice of any error discovered In these Table*.
Miles
of
For explanation of column headings, 4e., use notes
on first pan of tables.
Wartktrn. Pat. Ter. Co.— 1st ML.
bjr
95
l-i
•
98 10.11 Helena 4 Jefferson Co BR.. 20m0e*; James River Valley RR.,
JaxMStown, Dak., to Oakca (June. Chle. 4 N. W.). 64 miles; Siokane 4
o llrlinotit. 44 tulles; Helena 4 "Mnklnit funds.
Felonst BB., Marshall. Wash T. r
Red Mountain RR. Hi Una to Rlmtni. Mon Id miles: liuiuth 4 Manl Mla.rluui.oua .
toba RR.. Winnipeg June.. Minn to Bast Of). Pork. 110 mile; Dnluih
4 Manitoba. Dakota extension. Grand Forks to near Pembina. >»k.,
Total
97 in.: the II.
Bou'. Val.
Balanoe. surplus
wantly, 30 m: the Drum. 4 Pnillpetmrg BB, Orammond. Moo., to -iV.
49
do
1,
1,
1.
.
ls-.-vSU.
98,
1888-87.
*
1887-88
t
55.633
30,774
31.4-8
.
Jan.
Jan.
.
'11.(7.1
.
do
London.
N. Y. Un'.on Trust Co.
do
do
113,698
6.445
*
224.093
17,813
,
8,o(i9,"94
5.778.S99
6,025.0^6
65.707
51^,687
91.909
111,199
...
16-1. 192, 203. 211. 264, 372, 273. 341. 868. 369.
1.437.438. 472. 500. 989. 872.614. 643.688. 706.829;
-19; V. 47. P. "1,33,
134. 14(1; 171. I'll. :.7.
:i » 1
3 .1 1 3 .i 1 473, 532, 59 J.)
•s " n hern
ParlBc Terminal Co.— This enmpany owns terminal
- on
the Willamette River. Orngon. at Portland, East Portland
and Alblna. Thar are leased for fifty years, Jointly and severally, t*
the Northern Facile RR.. the Oregon Railway 4 Navigation Co. ami the
Oregoa 4 fallfasala RR.. with a guaranteed rental suill.Unt to pay
und and taxes. The alnklng fund licglns In 1893 and
to retire the bonds by maturity, Uonila b. lac
mt rest. The stock of tS'.OOO.OO) Is owned by
par cent by Ore. Railway 4 Navigation Co., 40 per
r i-iflc and 20 |»t cent by Oregon 4 Callfnrnla KK-t.
York, to be .lellvered after payitral Trn-In* sinking fund which la to cancel the IkmiiIa.
Florida. -i.wiia from Montgomery, Ala., t*
• west
lea.
The Montg. 4 Fla. railroad was w.ld July 12. 18SK,
company formed : thrre are also 9306,000 4 per cent Itiiouis
•lug $6,000 a mile. Btock, 9612.000. A contract of sale has
lila property to the Als. Mldlsnd RR., first payment and
.n t» take place In Dec. 1889.
It la supposed to be in the
4 Western fntere-t V 1 ". a, 90, 1 1. "..-,, 938;,
from Norwich, Conn., to Wor
l.-li 4 U'orreater.-Onns
Mass.. SO miles; brunch: Norwich to Ainu's Point, 7 miles;
I miles.
Laaaatl to N. Y. 4 New England KK. for 100 win
li
1.
1869.
In February, 1885, the rental was reduced
llseal year euillug Sept. 30. 1886, the gross receipts
19.089 net. 9274077; payment* for rentals, 940,475; Interest,
trrldends - p. c). 9207,824: surplus. $21,921. In 1886-7
satata. 9: 81.979; net, 9293.108; payments for rentals, $40,220;
I
I
r.«n nesr Birds.
Phlllpahurg. 26 ni.the Hel. 4 N
Mon.. to Marys* llle. 12 to; toe Missoula*.
BR., from Mlaeoul* to V|. tor. Mas , 98 mile*: th.
Moure 4 Mlsanort River RR. La Hoar* to Edge ley. DUt.,21
I
Bontbrsstrrn Dak
Idaho. 14 mile. ;
4
Bound RR. 7 ml:.
total owned. l» as** aad
easrtr
1
Cow
Cnsor
.11.
oaoAxu.
2. 1-.--4. to
IlleJi Jll
1
t in operation Jm..- :m. 1--Mon.. to
d'Alena River
n.
.
4 C»-
Nor. Pa*.
in
RR, Tl
d' Alene
was acquired
a.
in
.-.
•r
fe»Pa_M
Bond
an.l rVwtla
Mate* and 40 ant
490 aulas west from Duluth 1973. The company default.-,
475. and reorgmn
••
is
lat ta* rate of 91.400 for each 91.000 bond sad ova
aHj af MM OaMBl i
Bs mm.. 1888, 9awaaMaMa ikt a
Bav. Co.
stocks aid Borne.— The inefeiied stock has a praferenc
'.bat Is not enmnlatlve. Theeoms
thai both anare alike. The
4
:
Hf
'
.
1
Btved la paymsnt __
paw's lands east of Mlaa
lHvproeeedsof tbalamlaaolugotothcretlremen
Of the stock 99.333000 pref. and 8M.075,iu<
1987.) was held by the -Ore. 4 Trana^Coa. Co/' (Be
e** *rrtl«cat*a Ml doe Jan. 1888. bnt part
cable Into
third mortgajp
!
1907. and tbes* are exchangeable
Of ta* oatataadlag debi June 30. 1
of Ue sinking faad. 9856.700 of toil
1
liixov.
4 LaHc
c
.1
<
Y..
this
itereat
>
ir
2;
.
15431%
19%*29%.
In '85.
l:i
998901
12,800 acres per mile In
il the lands earned bibs about 46.824.960
eooatmrtlon to June 30. 1888. war* estimated to b
Tb* lands
about 40,2»3.23S remained unsold.
(Minn, and Dak. Diva.) are pledged to the pre-
niibi
30834%;
r8 p
hamplalii. o- n., from Rouse's Point,
118 miles. On June 1, 1886, a perpetual
road was niade to the Central Vermont RR. Co., the leases
nabnrg
of oref erred stock stace "79 have bei
'.^d
1*31%; In 87.
,
:
%*9«% la "82. 88.58i
89% • 100%; to -83. 49%
W.
.
,
Ogdrnsuorg, N.
1
,
,
•
-
i
1
M%*9»%tla
S w6«%: la '87. 41
JO*
42 ««w64. Common atoek:
stock: la
80. 30
16. tarl. 4-'H»<v»
In '80.
•92. «9%»54V in -83. 73% •53'*: In 84. 14*27
.
kM
a* enartered by act of Oongre
build from I-ake I
The land grant was 90 aeeti
Taml ottos. Tb* road was ot
man-son-he Missouri Kiwi
1974, aad the road tv
5,139.11
In '98. 10 Nov. It Inrl
;
on the bond*.
anility Match 31. 1888. gross earnings were $727,512: net,
surp- over Int. eharite, $1..0iO. In 1H86-7. gross earnings,
net. atf*
9229.300; delelt nnaer cliarges, $27,303. iV. 45. p. 272,
Indiana
Pekln. 111.. -•
Leases. Pekln to Pr<
taaxaj
Ili.|l:iii;il~.:i»
u
-i. r ii. —owns from Inillannpolls, Ind., to
itinapaM* to 8pringtield, Onlo, 142 miles,
9 miles. Total operated. 353 tulles. The fonner
ton 4 Western Company dofunited Oct. 1, 1-74,
1<I in foreclosure Oct. 30, 1878. and reorganised.
set was appointed, and on March 38, 1887, the
•
s.
and the road was
Julr, 1886, a r
l'i
Is raeatred la payment therefor. The
aD the other lands, tb* divisional mort- ro mi was again sold sd reorganised as st present.
*-.iio,OoO are preferred and
the let mort
Of
rrrspectrrsdlvl-lons. For the flacai year
tire the I. B 4 W. bonds at maturity aad
tie IHUIOO
393.296 acres far $1080,867.
both ortgages are I. mi.
Under
future
iproTsmeata.
il saJea,ls*'o<«'ng town lota, otc , were 91.391.876; net UOttnts
Jneates" for overdue coupons if Ind. B. A H'..
• yair.i9M.449.
the
provision that all surplus
and
with
ha
bonds,
Pt*m July 1. 1888, to Bept 30. 1889 (3 months)1). gross earnings were 9aV
shal: go to rellro Ihem, 1I1
eaintuga In each year over mt.
aaat. tl.11
91090.7 M.sgi
94090 151. agat*
mortgage*
is the Central Trust On.
let
and
2d
Tiustee
of
both
PMral year ends Jan* 30. Report for 1887-88 was In V. 47. p. 351 by lot
(See mortgage sb-tra. ts, Cita .hicle, V. 47. p. 201 )
1888-87.
1887 88.
I"-".-.:
1884-89.
3.:i:i7
3,103
Usage Jaa* 30.
2,808
Mta
farti'<
9
9
8
•KdL— This (omtVany owns a direct line Iroui
Ohio * I
9073093 2,-;i7.jis 8.369.703 4.577.898
8t. Ixiula. I1I..33B miles; lioiiiavllle bra
..'66
8.180.014
9,790047 l<',42o.244 Cincinnati, O
Ind., 53 miles; the Springfield DlrtJcffenainvllle,
Vernon
to
812,146 North
798,197
712.001
949099
Bbawneetown, 111.. 225 miles: New Alto
idon, Beardstown
bany, Ind.. 7 miles: total, 628 miles.
to
New
A
Eastern.
Watson
bany 4
11.234.U9 11.730.S27 12.789.447 15,"4fl.328 The Eastern and Western dlvlrtons were sold In fori closure and tb*
Total
7.173.< Jn
6,15<
by
oonsollilatlon Nov. 21. 1867.
OpersUag expenses 6.196001
formed
Mississippi
Co.
Ohio 4
The terms of preference In the preferred stock certlfloatcs read at
"
.
1
•>
<!
.
I
.
Bet oarn tags
Par efceip. toeara'a
5.974.763
16
5'i
M
t-
5,619.427
99-08
1
BS,
••The pretirrt d stock
'
tin-
to
is
.ori oration,
if
1
remain n
olalra npon the proN andindebtedneeS.
and the bolder thereof
first
r Its
nilngs
6,231.070
pi r
8.816.427
474,166
5.890,008
6,090.793
7.127,081
4,33f».r9
OT.
4,4.16,536
7S2.7-.7
4.703 9.15
9
In full for
w
1.
m
•
.
net earnings are so applied," then the
be divided qnally, 4e.
general mortgage 912,429,000 Is reservod to exohanga
C Mites, of Ind. snd Union Trast
for old bonds as they m '
1
IfSasst
tliecompany 7
5.374.263
18--
lia
ff**T*l a a>«a
1
r
1888-87.
..:
193.291
4*
1
annum, payable semi-annually, and to have such Interest paid
each and every year t«-fnre any payment of divlnond upon
•
.
.
aever ih« net earnings"
man stoat; and
8
toji.iy both sild Interest of n per cent o*
o.r>7n.4u "shall be more than aufll.
upon
per
cent
dividend
the
common
fii'l,
and
7
sock
in
548,53" tb* preferred
I9J98
9
S.o::7.«l-
58-48
shall be entlt
150 m x Acootnrr.
1--
0..-.79.441
OiaOwrsrmrn/a-
-
1
I
1
new
-
953.151
I
973,990
989,650
7
8s
Inns no, 1«88, to $256,106, and flo'itlugdeht
to $821,357, against which were at c'la due. materials, etc.. of $2-1. s40.
1
-
INVESTORS
SUPPLEMENT
[Vol.
XLVH.
4
r
11
1
November,
:
KA1LROAD STOCKS AND BONDS.
1898.]
97
Subscribers will confer a great fhvor by giving Immediate notice of any error discovered In these Tables.
Bond*— PrinolINTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Date Size, or
Due,
Amount Rate per When Where Payable, and by pal.Whsu
of
of
Par
Stock*— Last
for explanation of column headings, 4c, see note*
Payable
Boad. Bonds Value. Outstanding
Cent.
Whom.
Dividend.
on first page of tablet.
Oaf Csfnnti
Conlinumt)
It not mort. (*750.0<X>
i
'84,
4
doe July, 1904).
$1,000
Purlin. «n 1 M.4 P.RR. mort. bonds.c
Bedford KR. mortgage bands
e
Boat- Clin. P. AN. B. mort. bonds
.Clin.
New
OmuiAa*8L LouU— 1st M.. gold
Onmgt BeU-Ul M.. g.35.000 p.
43
58
U8
145
149
m. red. alter 1892
.
Orason * Cat -1st M..g (930.000 p.m.idr'n at 100.0*
Orssoa PaeiJU— 1st mort., land grant, gold
Oreyon Rad<fay « XasiMlim—Stock
o
Mort. Umds, gold. sink. M. (drawn at 100)
ConsoL mortgage, gold. #'25,000 per mile
e*r
0r»r»«or<Z,.-lstM.Jt.Jnt.gu.bTU.P.ff25.00Op.mi
Onoond Trmu
Hm tn lat BtVk( for $50.000.000)
Tru*tb de.g.320,000pm..(*.f.'»p.e )drnatlo5e'
istow 1st mortgage guaranteed
mortgage bonds
Convertible bonds. 1.000 Tears to run
»
turmen m Stock, 9 p. et. guar., D.L4W.
"
mortgage (guar. D.L. A W.)
tottoaMT. guar. prin. 4 Int. (for SI .000.000)
o*
4 ftashrdtc- 1st mortgage, gold
475
749
610
fund sub
497
•flaj
"S3
123
48
48
48
r
P.O. perp. rent .N. Y. L. E.4W.
£££
Oee.M. Ph
$200
3.189300
1880
1,000
1879
1888
L88S
1.000
l.ooo
1,000
100
1881
I.1HH1
>«.-,
1,000
1,000
l
1800
35
c
e
100
U87
1887
1887
1--7
1880
LINK!
1,000
1,000
1.000
l.OOO
1.000
100
i
(3057.800)
1881
l--i
1.0O0
.oho
1.000
TO 5004c.
1874
740
Om
,
82,310.000
491.500
400.000
1.912,000
2,717,000
700.000
14.254.000
25,000 p.m.
24,000,000
5.547,000
9,818,000
14.9:U.0OO
40,000,000
10IM.3.000
350,000
152,000
107.000
1,320.400
438.000
668.000
2.000,000
7,000.000
tirf
UN
U78
15
:.iiti
to Pitts., eoup., J. 4 J.; reg., A. 4 0.|
auallnat'luT ts of $400.000
State lien (pay 'bleraanm
Coneol. M.ooap.J.Aii.A reg.Q.— M.ts. f. cum.i.
1870
1..HH)
50
1
2,623,000
630,000
"so 106,544.500
1.000
19.909.760
1322,071
i--;>
1.OO0
1.000
27,482.930
4.998,000
1—
i.oob
9.900.000
1878
571
_, stock deposited as eoUat'li
Qsaaaaraftrast loan, gold. («.f. l p.c.i not dr'n .•
_
8474.000
:i
of stock priors since 1889 baa been as follows: Common -In
'83. 21*36
In '84. li»»»25V In '85, 10i«*2Si* in -86,
B%7, 2K32"*; In -8. to Not. 16. lnol.. 174*26»«. Pref.-ln '83. 960
1MH: in -I. «S490; in '83. 71 *7s; in 86. 79*91: In -87. 75*
From July 1, 1888, to Sept. 30, 1888 (3 mo*.) gross earns, were $1,051.878, sgali-.t 61. 140.657 In 1887: net, 8380,189. against 8452,706.
Fiscal year ends June 30: report for 1887-88 u»V. 47. p 472.
Range
V
19V»35V
4
7
7
5
i g
5*
5 «
-
6g.
l»s
6g.
8
I
'
m
•*
4 J.
4 J.
4 J.
4 J.
4 J.
4 J.
4 J.
A. 4 O.
Q.-J.
J. 4 J.
J. 4 D.
P. 4 A.
J.
J.
J.
J.
J.
J.
J.
Boston. Offlee.
do
do
Boston, N. E. Trust Ob.
N. T.. C. 8. TruBt Co.
N.Y., Fanners' L.AP.CO.
N. Y., South. Pacific Co.
N.Y..45vvlll ii.8t.ALon.
N. Y. Offlee, Mills Bldg.
-
do
do
do
do
N. Y. Union Trust Co.
N. N.Y..Fanueni L.4 T.Co.
MA
Central Trust CoM.4 N. N.
,
Y..
4
4
7
4
4>a
M.4
7
M.4
5
.* M.4
7
do
A.
do
A. N.Y. Office, 96 B'dwat.
A. N. Y., Del.. L. 4 W. RR.
F.
F.
P.
do
8.
do
N. N.Y. Fanners.L.4 T.Co
New York.
N.
N. Y., Offloe. 15 Broad.
7«. A.'i'o. N.Y., IB Broad ALond.
68, M.4 N. N. Y.. Oltiee, Id Broad.
New York.
J. 4 J.
M.4 N. Philadelphia, Offioe.
2>s
6
5
6
A.
6
4
J.
J.
.
Q.-J.
4 O.
M
4 D.
4 J.
4 D.
Oj.-
4i*g J.
Plitladt>li>)iia
A
London.
1904 4 1933
Jy'89AJan'90
July 1, 1894
Jan. 1, 1910
Jan. 1, 1937
Jan. 1, 1907
July 1, 1927
Oct. 1, 1900
Oat. 1, 1888
July 1. 1909
June 1, 1925
Feb. 1, 1922
Oct. 15, 1883
Nov. 1, 1923
May, 1915
Aug., 1891
8866
Aug., 1888
1907
May. 1923
Nov. I. 1931
8ept. 12. 1888
•88 60*884 "97
Nov. 1. 1910
July. 1888
Nov. 30. 1888
1910
Philadelphia, Offloe.
Annually.
Philadelphia 4 London. June 15. 1905
do
do
Deo. 1, 1919
do
do
July 1. 1921
do
June
do
1.
1913
Oregon 4 California was In. default after 1873 and reorganised.
Of the old bonds 6106,000 are yet out, and the balance of $8,-199,000
Inal
deposited with trustee as collateral (or the new bouda. but subject to
cancellation. The land grant was about 4.000,000 acres, and Is covered
by the mortgage, proceeds of land sales going to redeem bond* drawn at
par. unless parens**'. le lower. Trustee of mot tgage. Union Trust Co., -V. Y.
The plan of agreement for reorganisation was reported in the Ciik.'Miclx. V. 44. p. 11 H, 370. The road I* leased to the South. Pac. Co. for 40
years from Jan. 1, 1887, the leasee guaranteeing lnceroat on the bonds.
1884-5.
1887-88.
Improvement Co. owns the bulk of O. 4 O. stock by an exGross earnings..
03.671320 83.9-9.4.3 83,977.559 The Pacific
T. >l 401
change a Ith the holders for Cent. Pse. shares, 111 per agreement. In
Wet earnings
8074.731 61,074.212 81.337,953 $1,244,142
D 310 miles, gross. 0959.331; net, $266,641. (V. 46. p. 321. 353.)
DtsewssswnisOregon PaelOc— Road In progress and 101 miles, from Mehama, Or.,
81.024.900 61.026.415 61.024.716 61.042,530
57,000
61.000 to Yapuna. on Yaqutna Hay. completed, l-au.l grant, over 900,000 acre*,
and
oovered by tlr-t mortgage. In June, 1897. a syndicate was reported
'.'... '.t:u
„
as having taken the balance of tlr-t mort. bonds to complete the road.
00 $1,079 1 14 $1,081,716 $1,133,461 Stock is $30,000 per mile. T. E. Hogg. President, Cor va Its. Oregon.
-.02S6.237sur $1 10.68
def.800.169 def.
N. T. Office. 45 William St. (V. 45, p. 613; V. 47. p. 218.)
<V. 45. p. 113.539.871: V. 46, p. 76, 173. 320; V. 47. p. 188,227. 326.
Orea-on Railway 4 Navigation.—Owns East Portland. OretoWalluU. W. T.. 211 miles; Walla Walla to Blparta. 56 miles;
Pataha Juuo. to Poinerny, 30
Ohio
Northwestern. -Boad from Cincinnati. O., to Ports•Ilea Junction to Oayton, 13 miles
mouth. O., 103 miles, and nranrnee 26 miles. The Oln. 4 Eastern miles; Walla Walla to Milton. 13 mile*: Pen. II, -ton to Centr.-vlll-. 17
•old In foreclosure Jan. 5. 1887. was purchased by tale eosaaaay and u.llr.; Umatilla to Huntington. .17 inil.-s; total owned,
mile*.
-','
miles;
..
.If
"o Moscow, 29
•hanged v> standard gauge.- V. 44. p. Sw. Stock Issued. 82.00O.O0O. Leaeee-Palouse Jun.ti.
la June. 1886. Samuel Bunt was appointed receiver, and In October an mile* -.Colfax to Parmlngton. 27 miles: Wailula to Walla Walla. 31
hwae of $2-5.0110 6 per cent rreelTer'a certificate* was authorised. (V. miles Blue Mountain to Milton. Ore.. 7 miles: Cascade Railroad, 8
mile* total operated June 30, 1887, 746 miles. Ocean line between San
40.0. 078: T. 46, p. S03 V. 47, p. 227.)
Ohi.. Miirr. This road ex trade from Wheeling. West Vs. to Francisco and Portland, 670 miles: Paget Sound lines, 275 miles;
Point Pl-aaani. West Vs.. 168 in., and Huntingdon, West Va., 80 m.: River lines. 363 miles ; total »r water lines. 1.3o8 m'les.
total. 308 m. The .toek outstanding Is $5^74.100: part 1 Oil.
Of the oonsoL bonds $6,000,000 are rese rved to take up the old mort.
From Jaa. 1 to Sept. 30. 18»h c» moo.), gross earnings were $335,612. honiU. There Is a sinking fund of over $60,000 per year, for tile bond*
Issued In 1870 to buy bonds at or he ow 110, or else draw them at oar.
against $255,045 la 1887; Bet. $145,421. against »1 III."'
1887 gro** earnings on 172 miles were 8371.192, against $195,463 The Fanners' Loan 4 Trust Oo. Is trustee of both mortgages. The Oroen 94 m In '86; net In '87.tKHi.s37 surplnsoverflxed ebarges, 055305. gon Trans-Continental Company holds about til, 841.300 ot theatliok.
O*o. W. Thome— a. President. Psrkenb'g. W. Va. (V. 46. p. 171, 819.)
In April.. 1 887, a lease for 99 years from Jan. 1, 1887, to the Oregon
Ohio Southern. -The road was to extend from Springfield, Ohio, Short Line KK., guaranteed by union Pacific, was made on the basis
A N. Co.'s stock, and In Oct., 1887,
to some point on the Ohio River. Length of road completed and In of 6 per cent pet annum on the O.
easrstlnn Dee.. 1887, Spriagnrld. Ohio, to WeUeton. with ezteaelons the North'n Pacific agreed to Join the U. P. as lessee, but an injunction
and branches. 140 miles. Stock (par 8100). $5,500,000. dross earn against this was afterward granted lu Oregon. (See terms *c, V. 45,
tags In year mdlng Jane 90. 1888. 8608.010; net, 8247.988; surplus p. 539.) See abstract of lease. V. 45. p. 53 ».
From Jan. 1 to Sept. 30, In 1888 (9 mos.), gross earnings wore $4,507,aver Interest, 131.988. Alfred Bnlly. President. (V. 46, p 538,650; V.
272. against *3,805,306; net. $1,555,092, against #1,451,170.
47, a, SS0.I
Ohio \ » .->. -Completed from Henderson. Ky .to Princeton on the
.\ 11 mi. 1 report for the year ending June 30. 1887, was In V. 45. p, 742,
Caea. Ohio* Southwestern. 89 miles; branches, 9 miles: total. 08 miles tin Income account showed net deficit of $H7,25i under ohargi-s and »;ii
dlv dead. In 1-87-9? the estimated surplus on
To be ei tended to Evaasvtil*, Ian. Charter provides for slaking fund
B per cent
"'
•anVieot to redeem bonds at maturity ; no drawings. The stosk Is dividend was $23-. 165. (V. 45. p. 84. 211, 473,
539, 614, 721, 742;
Sl.96O.O0O. P. u. Keieey, Prealdent, Henderson. Ky. (V. 46. p. 191.)
V. 46. p. 76, 102, 771, 80^; V. 47, p. 218 )
Old « olonr (naaa.)-Owns from Bo-ton to Prorlncetown, Mass.,
Oregon Short Line.— Road from Granger on the Union Paclflo
miles east of Ogden) to a Junction with the railroad of the Oregon
ISO miles, lines to Kingston. Plymouth. Somerset Junction. New Bed
ford. Lowell and Pltehhurg. Mass.. and to Newport. R. I., 24
way 4 Navigation Co.. al Huntington. Oregon. 542 miles, with Wood
miles, aad numerous branches 101 miles la all: total owned. 470 River branch to K.-tehum, 70 mile*. Total, 61 2 miles. Interest 011 the
Ion Pacific. The stock la 814,073,600,
telle*; leasee- Fell Elver Railroad, 12 miles: Wantaekrt Beach BR.. 7 u.nil- Is guaranty
In April, 1887, leased the
Batls*: Boston 4 Prov. RR., Boston to Providence. 44 miles, and branches of which Union Pacific owns $8,015,600.
ircgon Kail wsy 4 Nav. Co .'s lines for99 years, agreeing to pay the interest
27 miles; total owned and leased. 564 miles. la 188* a lease or Boston 4
Frovtdeore Road wee made for 99 years. There are elso $56,000 5s due on bonds and 6 p. cent on stock: the lease Is guaranteed by Union Paoiflo.
- (9 mw.), gross earnings were $),805,April. 1801. Interest A. 4 O. Report for 1887-88 was In V . 47, p. 520.
From Jan. 1 to*.
126. again*. $1,474,909 In 1987: net, $849,912, against $501,055.
DKXIME ACCncirr.
Gross earning* In 1886. $1,942,107; net, $507,376; deficit under
-n.„». .f 2.0 18,069; not, $828,727; de1884-85.
1885-86.
1886-87.
1887-88.
Interest, etc.. $.95,104. In
fl.it under ebarges, 8284,406.
(V. 47, p. 227.)
4,865.571
6,322.628
Q roes earnings.
4.251.186
4.528.032
Trana-Contlnental.— Company organized under the
Oregon
r*
1.281,0.*>6
1,302.929
1332,576
1,684,961 laws of Oregon on June 27. 1881, and received from ilie "Vlllard Pool"
earnings..
!•:."'.><>
r r.-..lp!'
89,031
05,215
Other
an assignment of the stock of the North. Pac. Railroad purchased by It.
70334
The assets In Dec. 1887, Included $1 1 ,78 : ,700 stock of O. R. 4 NaT. Co.
1.77-..of ST. Pac. prcf. and $13,915,100 of N. Pac common.
1. .... -•"
(Bee
Total Income
1,427,791
(V. 45, p. 820.) In Dec, 1885, the company arranged a new loan for
:.•.•'"••
I
16,134
265.559 $4,050,000, at 5 per cent, for three years, secured by collaterals. The
597
636.368 balance of the unfunded debt, amounting to some $3,573,000, was car551.424
689384
7.(-.l--2
788.616
761.747
803,768 ried on demand and short loans.
1-,.---.
25,144
25.250
74361
Total authorised capital Is $50,000,000. The bonds may be redeemed
at 105; they are secured by deposit In trust of first mortg. bonds on
Total di-l.tirw-ts.
1360390 1302.860 1.427,701
1,778381 new branch railroads, at $20,000 per mile; also secured by trafllo contract* with tin- Northern Pacific KR. Co. guaranteeing a minimum net
-IT. 45, |" 612.705; V. 46. p. 481; V. 47. p. 529
OnaahaA Ml. Louis.— Owns read fromCnuueil Hluffs, la , to Psttons annual Income of tl.400 per mile, being equal to 6 per cent per anburg. Mo., 145 nillea. This company wasformed in 1887sssuoee*sortothe num on $20,000 per mile of bonded Indebtedness, and a sinking fund
OmsnaDrr. of the St. L. K. C. 4 Nor. (Wabaab), sold In fonelo-me. charge of one per cent. The road* thus mortgaged arc: The No. PaclProf. 6 p. e. stock, aon cumulative, $2,220.' 00; com. stock. $2,313,000, flo Fergus 4 Black Hills KRof Minn., 117 miles,' $2,312,000; Little
awfoaBed In trust for three years: par both, $100. Ree abstract of Falls 4 Dakota RR. of Minn., 88 in., $1,757,000; Jamestown 4 NorthBsoftgage. V. 45. p. 213 full statement In V. 44, p. »!2. In year .nil
of Dakota, 102 m„ $2,050,000; Fargo 4 Southwestern RR. ot
ern
hag Dec 31. 18h7. gross earnings »•
t. $106,401 ; nuip.
Dakota, 87 m., $1,748,000; Sanborn Coopcrntown 4 Turtle Mountain
ever iai«.m.
laterfot, sfuitni".
$65.*fi5. Office,
uuii
49 Wall Ht.. N. Y. (V. 45.p. 213, 852.)
RR., 37 m., $730,000: K"icky Mountain KK.. Montana, 52 111., $4,034,Orange Kelt.
Monroe, on the Jsrksonvllle Tampa4 K. W. 11.11; Helena * Jefferson County, iOm., $102,000 ; total, 503 miles—
road, to-t
tetah ui g, 49
|0imiles. The bonds ere 5-2US. and may be re- at 020,000 per milc-$10,0H3.(i00 In bonds. (V. 45, p. 272.305,500,
lieaiid after Jan.. 1892. Tt
Tbey are guaranteed by the Orange Belt In 539. 72. 696, 820; V. 46, p. 803.)
vestment Co.. and the Issue la at the rate of $4,666 p.m. (V. 45 p. 856;
Oswego 4 Home.—Owns [torn Klclilnnd, N. Y.. to Oswego, N. Y„
46, p. 245.)
29 mile*. R.'Bd opened Jan. 1, 1886. It Is leased to the Rome Waterton * < allforn' i.-r. .m Portland. Or., to cal. State line, 365 town 4 Ogdrnsburv RR. ; annual rental Is 7 per cent on $326,000
Albany Junction to Lebanon, 12 miles; Welt Bide Division, Porttgage bonds and $24,000 In cash; total, 046,760. Of bond* due
land to Corral lis, 97 miles. Total, 475 miles: completed 10 a Junction
<> are yet outstanding.
Stock is, common, $225,000; prewith Central Pacific at the California State Una In Deo.. 1887. Theorlg. ferred, $75,000; par, $100{
MM
—
Kn
*
;
(
:
5W
u
;
U
R
1 1
1
1
CI
1
1
4
et
no
.
I
;
is
N
.
I
RB
c
.
INVESTORS'
•8
SUPPLEMENT.
XLVIL
[Vol.
discovered In theae Tables.
tiktcriktri will confer a «reat favor by BtTtn* liwedlate notice of any error
£ond#— PrinciINTEREST OR DIVIDEND.
DESCRIPTION.
pal, When Dne.
Miles Date Size, or
Amount Rate per When Where Payable,
Stock*— Ijurt
'a val
and
by
Par
of
of
Outstanding Cent. Payable
For explanation of column headings, Ac, see notes Road.
Dividend.
Whoom.
Bond* Value.
I
on
P.
first
page of
table*.
itwyjontn— {Continued) —
certs, (in series payable ijotli yeiirly) ..
Eo,iilp.Tr.(scr." A" to "K," payable one-tenth y'rli
Hiivy Yard bonds reg. (extended 20 years in "81)
1881-4 $1,000
C»rTru«t
Penntnlrania Comim ny-Stork
Bonds, sec. by f.Ft.W.AC. stock
Hoiiils, *., sec. liy
pl'ge
• - •
and (mar.
•
(s.f.not dr.) ,e'*r
105
105
117
117
Ketr Vorfr— 1st M.. end. by Leli.V c*
v I,ehigh Val
1st niort., endorsed
rtvntylrania Schuylkill v.. Hey—Stock
fund. 1 percent... .r
sinking
bonds,
1st mortgage
Pentaroln * al/un/ie-lst ni. g. (guar, by I.. AN.)..
ct.rent'lC.R.I.AP.
8
Vol.—
Stk..
p.
Peoria * Bureau
feorla Decatur <* Kvantrillt—Stock
Pekin
to Mattoon) .
Dlv.,
Jut niort.. gold (Peoria
1st mortgage (livansv. Dlv.), gold
gold
mortgage,
p. D. A K. 2d
Car Trusts (payable $18,000 per annum)
Pturia *ftkin Union— 1st mortgage, gold
Second mortgage, gold (Issued for Incomes)
0*
Perlcinmtn— 1st M., scries 1. guar. byP.A K.
Trnnnlrmia *
'
All.
by
P.
"20
20
38
38
63
AR
Pucrtaurg—Stock
Guar. pref. stock, a per cent.. Ibn prior to mortg.
1st mort. bonds (payable $25,000 yearly!
Mort lionds, class A. $25 1,000 reserved forlstM.
Mortgage bonds, class t>
lihKi* Hall. Central—Stook
r
Ik! mortgage (for $2,500,000)
c*
Westchester A Phila., 1st mortgage
Stock,
common
Philadelphia <e Brie—
Preferred stock, special
l«ttnnrt..Snnl«irvA K. (exte'rt 20y'rsin '771. .o A r
Oswego
A
1,000
1877
1881
1806
1866
1,000
1,000
1,000
1,000
1883
1881
1,000
1,000
18S0
1880
1886
1,000
1.000
1,000
1,000
1,000
1,000
50
50
100
47
—
M.. series 2. guar,
1875
95.)
110
135
238
.
1 r-t
(f)
1,000.000
20,000,000
2.03 2,000
14,407,000
1,500,000
1,500,000
6,501,000
6,500.000
3,000,000
1,500,000
8,400,000
1,287,000
1.470.000
2,088,000
181,000
1,495,000
1,495,000
3,828
a' 105.r
(s.f .dr*n
82
79
79
27
287
287
40
1881-4
1881
1881
1887 100. Ac
1,000
1883
100
50
1869
1881
1881
50
1.000
1881
1871 100 &o,
50
50
1,000
1857
5.4
10,692.000
1886-7
do
J.
A" J.
4
Phil., Pa., Co., for ins. Ac.
Pittsburgh, Co.'s Office
Phila. Tr. S. D.
I. Co.
6
4»ag. J.
A J.
A D.
A D.
AD.
A A.
A A.
7
7
J.
"i'
6
4
J.
F.
P.
"eg.
J. A" J.
8.
.1.
eg. M.
»- M.
A
A
A
N.Y.,Nat. City Bank.
B'k N. America,
do
do
Phila.,
Ow
Philadelphia, Penn. RR.
N. Y., Comp'ys Agency.
N. Y., Chic, R. I. A Pac.
N
Y., Central Tr. Co.
Various
6g.
Q.-F.
4>ng M.
800,000
5
1,450,000
5
96",800
323,500
251,000
643,000
800.000
3
A
N.
Q.-J.
Q,.—J.
l^
J.
8
5
6
J.
J.
A.
A" J.
A J.
A J,
AO
do
do
do
do
do
do
N.
1891-94
1897
1, 1901
For 1883
July5, 1907
July 1, 1921
Jun6 1, 1896
.Tune 1. 1906
ned by Pa. UR.
Deo. 1, 1935
Aug. 1, 1921
Aug., 1888
Jan.
Jan.
1,
8ept. 1,
Nov.
1,
1920
1920
1926
Feb. 1,1921
1. 1921
Oct. 1, 1917
Jan. 1, 1»18
do
do
Jan. 1, 1887
July 3, 1883
Rich'nd A Petersb'g.Va Jan 1889-'98
July
do
1, 1926
bo
do
Oct. 1, 1926
do
Y., Central Trust Co.
do
do
Norristown, Office,
Feb.
,
2,495.650
l,0i'0,000
"fi"
1,100,000
7,975,000
2.400,000
976.000
7
a.' si's. Phila. Company's Office,
A. A O
do
do
A.
A
O.
V.Y.,
Syracuse. -Owns from Oswego, N.Y., to Syracuse,
Philadelphia,
Q'rtrly
"5"
Philadelphia, Pa.
Philadelphia, Pa.
RR.
RR,
Nov.
April
1,
1,
1911
1891
Oot.
1.
1897
1886
1885.
$8,153,685
159,497
$7,9»4,188
1887.
Net Income Penn. RR. Division.
$8,974,970 $10,411,287
leased in 1868 during length of charter and renewal there
179,016
227,991
Delaware Lack. A West. RR. Co. f u- 9 per cent per year on Net loss New Jersey Division $8,795.1.54 $10,213,296
balance
V 1,320,400 stock and interest on bonds. (Vol. 46. p. 172.)
From this balance deduct :—
owrnsboro A Nashville.- Owns from Owensboro, Ky., to Adair$667,093
$1,000,639
Operated by Louis. A Nash. RR., which owns a Advances to Penn. Co
vilie. Ky„ 84 miles.
58.621
69,895
78,624
majority of the stock, and has $1,000,000 of the 1st M. bonds in pledge Payments to trust fund.
324,-400
$20*.'i63;
324,830
324,800
1886-87,
Oonsol.
mortgage
redeemed
earnings
for
....
Gross
tor it* collateral trust bonds.
(J»-<.390
352,835
701,576
net, *6\f>49 detlcit under lifterest and raxes, $1,317. Gross in 1885-6, Allegheny Val. RR.— Deficiency
15,000
do
15,000
»16<<,376: net, $35,678; deficit under interest and taxes, $15,498. Stock Fred. A Penn. Line RR.
90,000
96)600
Am. 88. Co.— To meet int. guar.
90,000
to $1,156,517; par $100.
Settlement
under
of balances
Panama. Owns from Aspinwall to Panama, 48 miles. Opened trunk line pool
411,972
167,183
In
through J an .28, 1855. Of the general mortg. bonds $200,000 fall due
175,000
265,000
two half-yearly payments beginning Oct., 1888, and balance in Oot., For lire at N. Brunswick, N. J..
1.241,115
1-H7.
The $2,t>'-3.000 subsidy bonds are secured by a pledge of the E itraordlnary expenses
$\i,190,Htl6
$2,512,150 $2,429,557
sum of $225,000 annual subsidy payable to theU. 8. of Colombia by
$t S .3,*01 $7,783,739
tiie company.
$5,803,522
In June, 1881, most of the stock was sold to paiUes Bala oce to credit of income...
4,738,892 5,418,702
Interested in the Do Lessens I'umuiiu Cun.il Co. The report for 1887 was Dividends
4,738,892
iihonici.k, V. 46, p. 479, showing net Income of $1,141, 115, against Rate of dividend
(5)
(5)
(5^)
i>.
J64\3GO in 1886, and a surplus over ohuiges of $619,902, agaiust To creditor profit and loss
$1,5 14,9 la $2,365,037
$1,064,630
$118,5»l. (V. 46, p. 479.)
363.355
62 ..756
381.437
Deduct settlem'D of claims, Ac.
I'Dioraon A Hudson.—Owns from Jersey City, N. J., to Pater$*!)1, 156 $l,:.83,«O0
$11.1,27
Balance.
sou. N. J., 15 miles.
The road was opened iu 1834, and leased Add profit and loss Jan. 1
14.032.918
14,731.193 15,625,347
In perpetuity Scptemlier 9, 1852, to the New York A Erie, at a rental of
Balance profit and loss Dec. 31. $1 4.734.1x3 9A5.626.ii4U $1 ,6 i8,947
Hk.400 per year, and is operated by the New York Lake Erie A Western —
(V. 45. p. 1\ 113. 143, 272.437. 500. 572, 614,705,887; V. 46. p. 134,
as part of its main line. J. S. Rogers. President. New York City.
289. 301,318, 322,344, 413, 481, 538, 678, 82o; V. 47, p. 109, 256,
I'ciiiisylvaiila.— (See Map)— LINK OF Road—The Pennsylvania sys- i81, :32.)
t*Hi embraces about 7,485 miles of railroad, including all east and west
Pennsylvania Company.—The Pennsylvania Company is a cor•f Pittsburg. At the close of 1»87 me mileage operated east of Pittspora ii,u chartered by the Pennsylvania Legislature. April 7, 1870, disbunt A Eric, on which earnings as reported were eased, was divided as tinct
from the Pennsylvania RR., and it operates all the leased lines west
follows: Pennsylvania Division and branches, 1,592; Philadelphia A
of Pittsburg. The stock is owned by the Pennsylvania RR.
Erie Dl virion, 28-; United Railroads of N. J. and branches, 467; total
The
registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft.
•1 ••rated, New York to Pittsburg, with branches, 2,316.
W. A Chic, special Btock. The goldbondsof 1921 are secured by a deposit
Organization, i.kaskr, &c.—The charter of the Pennsylvania Rail- in trust of the leases of the Pitts. Ft. W. & Chic, and the Cleve. A Pitts,
Mad was dated April IS. 18 16, for>a line from Harrisburg to Pittsburg. railroads and are also guaranteed by the Penn. RR. Co., the trustees of
The line from Harrisburg to Philadelphia was under other organizations. the mort. being Wistur M ,-is, Edmund Smith and 8. M. Felton. The
nig the State Railroad, and the Harrisburg Portsmouth Ml. Joy A sinking fund is 1 per eoitl 1 or annum if the bonds can be bought at par.
Lancaster is still operated under a lease though forming part of the
any way controlled
The whole number of miles operated or
mainline. Road opened In 1854.
by this company is 3,325. The iucome account of the company showed
The Pennsylvania Company was organized in 1870 as an auxiliary net profits over all liabilities, including fixed charges, of $1,867,883 In
corporation to control all the lines west of Pittsburg A Erie, the Penn- 1882; $872,829
1883; deficit inl88t of $710,220: deficit in 1885 of
sylvania RR. Co. hold n> all its stock
$1,094,671; detloit in 1886 of $200,674; in 1887 net profits $675,516.
8T00K and Bonds.—The Pennsylvania Railroad stock has been InPennsylvania A New York (Canal and Hallway). —Own*
creased from time to time, chletly by the sale of stock at par to stock- from Wilkesburre, Pa., to N. Y. L. E. A W. RR. near New York State
holders, for the puriKise of raising capital for new acquisitions or better- Line, 104 miles; branches to mines, Ac, 32 miles; total o»ned, 136
ments..The dividends paid each year since 1870 have been— in l»7i, miles; lease-State Liue A Sullivan RR., Monruetoa to Benn.-e, Pa.,
1872, 1873 and 1874, 10 per win each year; in 1875 and 1876,8 per 24 miles; Wilkesbarre <s Harvey Lake RR.. Kingston to Harvey Lake,
eeut each year In 1877, 4 In 1878. 2 iu 1879, 4>a in 1880, 6 and 1 IS miles; other hues, 5 miles; total leased, 41 miles; total operated,
per tent In scrip; In 1881. 8: In 1882. H^,: In 1883. 8 4i; in 1881,7; 177 miles. Operated in connection with the Lehigh Valley RR. as a
in 1885 and in 1886, 5; in 1887. 5>«; in 1888, 5 per cent
northern outlet, and annual report is embodied iu the Lehigh Valley
Prices of the stock yearly in Philadelphia since 1875 Inve been— report..
Common stock $1,061,700 (par $5n) and preferred stock,
. ^52
5 •5?*: lu "ll- 24»a»4*; In'78, 27<»35i4; In '79 3238*5138;
6,
$4,000,000 (par $100). In yesr ending Nov. 30. 18-S6, gross earnings
I?.7
Jn 80, 48»67H: in '8l.59>sa70>e: in'82. 53V*G5>4: in '83 i6i 8 a64V were $2,268,574; net. $662,383. Gross in 1886-87, $2,695,013; net,
81 ',!,' 1 M
\ * f, V*56i6 In '86, 5l3a«60>4 In s7. 5i\d>oi>; *t)50,?90; due to Leliigb Va ley Nov. 30, 1887, $879,999. 7 per oent
£
taa'aW
in 1888
to Nov. 16. Incl., 52>«a5t "s.
div paid on pref stock In '85 and « in July, '87.
Till, company owns 217,819 euan*. of the Phila. WIlm.A Bait
RR., and
Pennsylvania Schuylkill Valley.— Owds from Philadelphia to
the 4 per cent bonds of 1. 21 ire nurohnsed yearly, if obtainable at not
New Boston, la., 101 miles, and Frazer to Phcenixviile. 11 miles;
•ver i>ar, with the snrnlns orncceds of Ph. Ov. 4 ... dividendbranches, d miles total: 117 miles.
his is controlled by the PennsylTito collateral trust loan of 1881 Is seonred by the
deposit of mortgage vania RR. Co., which leases it for 50 years from Dec, 1885. Tne
hoods of subsidiary Hues to the par value of $12,500,000.
bunds arc owned by the Pennsylvania RR. and issued In pieces of
Opcbatioks, Finances. <*c.-The total cost to the Pennsylvania Rail- mOO.OOd, convertible Into $1,000 bonds. There is a sinking fund of 1
oad On. or the stocks and bonds of other companies he'd lu its treasury
per eeut. Stock Is owned by Peuu. RR. Gross earuings in 1887, $938,Dec- 31. '»87. $lt>s.709.1.i7 (par value of the same $142,
'65; net over exnenses and taxes, $153,916; rental $:il. 120. Gross in
?<!?• 52 *°
'" mmt of whl(l1
1886, $532. 143 net. $11,491 rental $13,870. J. N. DuBarry, Pres't.
'" represented on the other side of the balance
'.
sheet by issues of Penn Railroad steak and bonds and other
debit items;
Pensacola
Atlantic— Peueaeola. Fla.,to River Junction, Fla.,
the balance to credit of
profit and loss" was $17,608,947.
160
miles. Operated by Louis. A Nash, sin o* Jan.. 1885, and connects
A plan of buying the company's guaranteed securities with 1 per its system
with the roads of Florida and 80. Ga. Stock, $3,000,000 (par
nt or the net Income per year Is In operation,
and uirto
1. IsHg
$100), $l,550,ii00ot which is pledged under Louis. & No,sh. collat.
«'«" hailJweu purchased ror the r u3 d securities 01 the Jan.
par valu» ol irustof i8x2. To June, 1887, tho oompauyhad acquired 1,860,425
a-'"08
00 which yielded an Interest of 6'91 per cet-t per annum
of the 4,n0o,0u0 acres of laud granted ny the 81 are of Florida and had
uoon
«^«u
*
le purchase pnee
In 1*86-7 167.0S2 acres were sold for $152,093.
••Old 397,041 acres.
J * n f t" *'Pt- 80.
8
roos.). gross earnings on lines east of
In addition to the bonis above giv. u there are $975,000 6 per oent
rit«:!!!,
; rf Er
18f J*
,
" w,:r *i i:,,,i ->'«i- against $4 .058,668 ill 1h8:
net land grant bonds i.-sued to the Louisv .v Nashv. RR. In year ending
»l\ »»«??* .iKalnsi
+1 ,123.68 In 18-»7. Detlcit on lines west of Pitts- June 311. 1«86, gross earuings were $^!I4.61I:; net, $33,679. In 1886-7
e *'-?' 4H 1 ,n l 8"8. against -urplus of +731.1.43
In 1887
moss, $312,15:; net oetlcit on operating $4,335; interest, $221,150;
^' ;
^rh„T
, Wli8 „ tll(1
The r,,,„ )rt
,or i e «7,
mi )V| K v 46 1P ;j
,
Oilier iiiterest, $5,019: taxes, $17,069; deficit for year, $256,772.
0t 18S7
P-ed with prevS
Peoria A Bureau Valley.— Owns from Bureau Junction to Peo
111., 47 miles.
The road was leased in perpetuity April 14, 1854, to
aioiinos ox
una botb kast and west of pt-rrsBrrBQ a ebie. ria.
the Chicago A Rock Island Railroad at a rental of $125,000 per annum.
Peoria
Decatur
A Evansvllle.— {See Map Eeanmille A Terr*
t&.ZFZ^::::::::. •StSSo! * 1067.102,714 *l 77,238,082 Wreilti, imiia ti-oiu Pekin to Evansvillfc, 235 miles; branch 6
iiiies; leases, Pekin, 111., to Peoria, 111., 10 miles; through Decatur,
Net earnings
This road Is a consolidation of the
$31,3u3,648 $34,595,267 $38,277,424 3 miles; total, 254 miles.
Pekin Lincoln h Decatur RR. and the Decatur Mattoon A 80. and the
he,ow em DrK'«« »» receipts and expenses of the dray ville
A
Mat.
The
road
Is operated in harmony with the Evansville
tIuVmI^SH KS?1 unt
ai ,
,"
,
bnSfY&E orSSi t~i 'lU »r o ,t "V 1 ,u V luni, '»' U* roads west of lltta- A Terte Haute. (See full statement of the Co. and balance sheet In V.
44, p. 552.) Annual report for 1887 lu V. 46, p. 351. Oross earnings
in 1886, $814,744; net, $336,981; gross in 1887, $876,474; net, $351,35 miles.
•f to tlio
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RAILROAD STOCKS AND BONDS.
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.
INVESTORS'
100
DESCRIPTION.
explanation of column headings, Ac. see notes
on
tlrst
page of
tables.
Philadelphia * Erte.-( Continued.)
Gen. Jl7. g.. guar by Pa. RR($5,263,000 g. 5s) -0*r
r
do
do
do
Debenture bonds, s. f. $15,000 y'rly, dr'natpar .r
PkU. Germ. <t Chestnut Bill-ltt M„ gu. by Pa. RR.r
% rent.Ph.AR.
fuL Oerm. dNorrurn-at*. 12York—
Stock
Philadelphia Xeietotrn d New
1st mort., guar, bv Phila. & Read., coup
Philadelphia d Keading-Stoci. (for $39,480,036)..
RR
bjr
do
do
do
do
P. A R. Coal A I.
FAifa. d Tren ton—8tock, 10 p. o rental, Penn.
,
1885
1888
7
21
21
1877
1843
1857
1868
1871
1873
1882
1888
1-88
1888
1*38
327
327
327
327
'
|*
1872-4
. .
RR..
d Baltimore—Stock
39
506
1887
$1,000 $13,943,000 5 A6g Various Philadelphia A London
4
A. A O.
do
3,000,000
do
1,000
413
1,470,000
F. A A Philadelphia, Penn.RR,
1,000
1,000.000
M. A N. Phila., Penn. RR.Offlee
iht
1,000
3
M. Phila., Treasurer of Co
2,231,900
50
1,200,000
50
700,000
"<r
a'a "o. Phila., 227 So. 4th St.
100 Ac
50 39,224,500
L radon.
£500
967,200
"e"
A J.
1,500,500
6
A J. Philauelpbia, OBioe.
1,000
79,000
6
A J.
do
500 Ac
do
2,700,000
7
A O.
do
1,000
do
do
200 Ac. 18,811,000 6 g. or 7
A D
do
9.364.000
do
1,000
6g.
A O
do
500 Ac.
5,953.328
M. A N
do
do
l.OliO&c 29,682,000
J. A
g
t
24,000,003
Feb.
1,000
1st coup, due Feb. 1, '89
16,000.000
do
1,000
do
II: Feb.
l.tOO
19,750,000
Feb.
do
do
7.569,645
1.000,000
6
F. A A. 1st coup, due Feb. 1, '89
612,000
6
do
M. A S.
do
1,080,000
Q-M.
do
do
4>s
500 Ac 12,803.805
6 A7 Various
100
1,259.100
2% Q.-J. Phll'delphia. Co.'s Office
50 11,819.350
3
J. A J.
Phila., 233 S. 4th St.
1,000
1,000,000
4
A. A O
do
do
Q—
21!
1843-9
"B"
"C"
purchase money mort. bonds
Philadelphia Wilmington
Plain bonds, registered
1869
2*7
287
Mortgage loan, sterbng, coupon
dollars, coupon
do
convertible, coupon
do
Mortgage loans, coupon
Consol. mort. ($8,162,000 are gold 6s) op. or reg.
Improvement mort., gold
0*
Oonsol. M, of *82, 1st ser., gold, $ & £
o**r
New gen. mort., gold ($100,000,000)
1st pret. income M., not cum. ($24,400,000/. ...0"
2d pref. income M„ nut-ram. ($22,500,000). ...c*
3d pref. income M., not-cum. (part convert.). ..o*
Deferred income bonds (coming after stock;
Car Trust Certificates, Series "A"
[VOL. ALV1I.
Hiving Immediate notice of any error discovered In them Table*.
Bond$— Prinoi
INTEREST OR DIVIDENDS.
When Dae
Miles Date Sl/.e, Dl
Amount Rate per When Where Payable, and by pal,
Stocks— Last
Par
of
ol
Outstanding
whom.
Dividend.
Payable
Cent.
Road. Honda Value.
Subscriber, will confer a -Treat ftiTor
r
SUPPLEMENT.
July
July
1920
1920
1,
1,
Feb. 1, 1915
Mayl, 1913
1888
Dec.,
Oct.
1,
1897
July, 1910
July, 1910
July, 1910
Oct. 1, 1893
June, 1911
Oct.
1,
May
1,
1897
1922
Jan. 1, 1958
Jan. 1, 1958
Jan. 1, 1958
Jan. 1, 1958
Irredeemable.
$200,000 y'ly.
102,000 y'ly.
120,000 y'ly.
1892 to 1S02
Oct. 10. 1888
July 2, 1888
April, 1917
I
807; interest, $269,820; oar trusts redeemed, $48,000; surplus, $33,987.
(V. 45, p. 26; V. 46, p. 351.)
Owns from Pekin to Peoria, 10 miles
Peoria
on each side of 111. River ; total operated, 20 miles. The road is a union
toad, and the stock of $1,000,000 was taken by the different Peoria
BR. companies, and they pay a rental for use of the road and also pay
terminal charges. See full description in V. 36, p..253. Io 1887 gross
earnings were $384,872; net, $173,521 ; surplus over interest and
charges $175. Receipts In 1886. $226,352 ; net, $48,365 ; deficit under
Interest, rentals and taxes, $23,977. A. L. Hop tins, Pres't.N. Y.
Owns from Perkiomen Junction, Pa., to Emans
Junction, 39 miles. The road was leased for 19 years from Aug. 1,
Phila.
Reading
RR., and bonds guaranteed by the lessees ; but
to
1868,
the property was surrendered in May, 1879. Stock subscription, $38,040. Reorganized In 1887 and the new mortgage for $2,250,000 issued
Read RR. Nov. 30,
to retire old bonds, etc. There was due Phil.
87, on loan acc't, $781,120; on current ace'i, $51,621. (V.45,p. 53,
473, 705; V. 47, p. 81.)
—
& Pekln Union.—
Perklomen.—
&
A
Petersbnrg;. -Petersburg, Va„ to Wcldon, N. C, 63 miles. In May
1877, a receiver was appointed, but steps were taken by second mortgage bondholders to prevent a sale, and reorganization was made with
8323,500 preferred stock and $1,000,000 common stock; par $100.
In year ending Sept. 30, 18t<8, eross earn'gs were $410,103; uet, $138,122. In year eliding Sept. 30, "87, gross earnings were $351,889; net,
$122,096; surp'us over interest and guar, dividends on pref. stock,
$7,817; dividend No. 1 on common sft>ek (3 per cent), $28,824. In
'85-86, gross earnings, $353,096; net, $160,934 -(V. 46, p. 574.)
Philadelphia A Baltimore Central.—Philadelphia to Westchester, 26 miles; Westchester Junction to Octoraro Md., 46 miles;
leased Chester Creek Railroad, 7 miles; total operated, 7!) miles. This
was a consolidation, Oct., 1881, of the Philadelphia A Baltimore Central and the Westchester A Philadelphia railroads. Of the new itock
Philadelphia Wilmington A Baltimore RR. holds nearly all and operates
the road, paying over net earnings as rental. In year ending Oct. 31,
1887, net earnings were $143,184; deficit under charges, $1,830. In
1885-86, net earnings, $166,129; surplus over charges, $20,859.
Philadelphia
Erie.—Owns from Sunbury to Erie, 287 miles.
Formerly Sunbury A Erie RR. It was leased to Pennsylvania RR. for
999 years from Jan. 1, 1862, the lessees to pay 30 per cent of gross
receipts as rental, but modified January 1, 1870, so that actual net
receipts are paid as rental. The general mortgage is guaranteed bv the
Pennsylvania Railroad and the interest on the 6s is paid J. A J., on the
5 per cents A. A O. The unpaid coupons are held bv the lessee for advances, and by terms of adjustment in Jan., 1885, made with the Penna.
Railroad Co. the P. A E. issued $1,500,000 debenture bonds at 4»a per
cent, secured by tho overdue coupons held as collateral. The Penn. RR.
Co. owns $3,501, H00 common and $2,400,000 pref. stock, $1,470,000
debentures and $3,680,000 6 per cent general mortgage bonds, and the
city of Philadelphia (s. f.) $2,250,000 common stock.
From January 1 to Sept. 30, 1888 (9 months), gross earnings were
$3,262,519, aget. $2,971,951 in 1887 ; net, $1,330,456, agst. $1,196,970.
Last report was in Chronicle, V. 46, p. 226, giving the following
&
INCOME ACCOUNT.
Receipt*—
Total earnings
Net earnings
1884.
$3,660,146
1,458,090
Rents
9,120
Total income
$1,467,200
Total dlsburseui'ts
1,250.218
Surplus
$216,982
1885.
$3,292,253
1,292,880
8,471
$1,301,351
1.187,713
$113,638
1886.
$3,708,485
1,465,953
10.836
$1,470,789
1,339, 328
$137,461
-<V. 46, p. 134*226, 871.)
Philadelphia liermtnton n
&
1887.
$4,036,930
1,579,833
13,3 96
$1,593,279
1.472.29R
$12o,yal
Chestnut Hill.—In
Philadel-
phia from Uerniantown June, on Connecting Railway, to Chestnut Hill,
miles. From May 1, 1883, leased for 30 years to the Pennsylvania
BR. Co., which guarantees 4>s per cent on the bonds. Rental net earnings. There iB a sinking fund of $ ! 0.000; bonds purchased, not drawn at
par. Penn. RR owns $999,750 of the $1,000,000 stock (par $50). Gross
earnings In 1887, $170,421 net over expenses and taxes, $25,161.
OH
;
Philadelphia Germantown & Norrlstown
Pa,, to NornMown, Pa., 17 miles Oermantown Branch
Philadelphia;
3 nitles; Plymouth Railroad, 6 miles; total, 29 miles. The property was leased
Nov. 10, 70. to Philadelphia A Reading RR. for 999 years at a rental of
(269,623 and $8,000 yearly for organization expenses. Divi tends of 12
percent per annum are paid regularly. Stock $2,246,000 -par, $50.
-
'
New * ownac New Tork.-Owns from Erie Ave.,
„S? M" <le,pnl
^,
Philadelphia,
to Newtown, Pa., 21 miles. Stock, $1,200,000
$501
The bonds were guaranteed by tho Philadelphia* Reading R K(par
Co The
road is operated by lt» owners and in connection with the P &R svstem
year
1
In
ending Nov. 30. *87, gross earnings were $«8,19l; deficit under
operating expenses, $2,538, against deficit of $6,179 In 1885-86
Philadelphia
Heading.— (See
Map.) Link or Road—Owns
mat
_aln
Philadelphia to Mount Carbon, Pa., 98 miles branches
owred,
229
2S nlles leased lines. 637 miles; roads controlled, 76 rnllOB:
total oner
ated November, 1887, 941 miles. The Shamokin Suulmry * iiwlstrarg
and the Jereey Shore Pine Creek A Buffalo and other lines, form the
•onaecting roads to the N. Y. Cent. A H. at Geneva and Lyons, N.Y
UM
>
&.
;
;
Organization, Leases. Ac— The Philadelphia A Reading Company
was chartered April 4, 1833, to build from Philadelphia to Reading, and
on May 13, 1872, the Mount Carbon Railroad was merged and became
part of the main line. Road opened Philadelphia to Pottsville in Jan.,
1842. The Philadelphia A Reading Co. leases a number of roads in
Pennsylvania, including the Catawissa, Chester Valley. Colebrookdale,
East Pennsylvania, Little SchuylkilL Mine Hill, Schuylkill Valley, Philadelphia Germantown A Norristown, Philadelphia A Chester, Shamokin
Sunbury A Lewisburg, Schuylkill A Lehigh aud some minor roads; also,
the North Pennsylvania RR. and Delaware A Bound Brook, forming the
line from Philadelphia to New York, and controls Reading A Columbus.
The fiscal year euds Nov. 30. The annual election is held early in Jan.
The Philadelphia A Reading Coal A Iron Company is a corporation
formed (Dec. 12, 1871) for the purpose of owning and working the extensive coal properties of this company. The Phila. A Read.RR. Co.
all the stock ($8,000,000) of the Coal A IroD Company.
The P.
&R R dlroad Terminal Company with
owns
$3,500,000 bonds and
$3.5jO,000 stock was organized as per statement in V. 46, p. 413.
Under the reorganization agreement the rightto vote on stock is vested
in Ave trustees till Aug. 1, '9*; these are J. Lowlier Welsh, J. Plerpout Morgan. John Wanamaker, Austin Corbiu, and a fifth to be selected by them.
Stock and Bonds. — The common stock remains of the same amount
as before reorganization. The dividends paid on Philadelphia A Reading stock from 1870 to 1875, inclusive, were 10 per oenl each year; in
1876 2*3 per cent was paid aud nothing since.
The range of P. A R. stock yearly in Philadelphia since '75 (shareB $50
par), has been In 1876, 18130155; in 1877, 10^2014: in 1878, ll^sa
in 1830, 6%®36; in 1881,2538*3714; in
193t; in 1879. 11 "3337=8
1882, 23i8a33<>8; in 1883.23i2®30»s; in 1884, 8*3*3014; in 18S5.638*
li'e; in '86,9>se27; in 87,17>4!»35''8; in '88. to Aue. lOinel., 25 76»343s;
new stock, Aug. 11 to Nov. lGiuid., 2358*2 rv,
uikkations. Finances, Ac—The Philadelphia A Reading Co. has
been the largest of tho anthracite coal carriers, and through its auxiliary,
the Philadelphia A Reading Coal A Iron Co.. became a large owner of
coal lands. In May, 1880, reoeivers were appointed and held possession
till Hay, 1883.
In June, 1881, the company again went into receivers'
hands, and so remained till Jiiuuar., 1388.
In Feb., '86, the Drexel-Murgan syndicate was formed, and the plan of
reorganization was published at length, as modified, in the Chronicle of
Dec. 18, '06, on p. 747 (V. 43. p. 747) and out of $132,912,626 of bonds
and stock of the Reading and its loased companies less than 1'4 per
cent refused assent to the reorganization scheme, while 'of the $5,763,722
first series consul, fives not deposited, the holders of nearly all agreed
toacceptpaymentof theirbonds atany time.
The general, and first, second and third preferet ce income mortgages (Trustee of all Penn. Co. for Ins. on Lives, etc., of Philadelphia) cover In addition to the 327 miles of road owned, the title to leased
lines (mostly leased for 999 years), all real estate, rolling stock and
vessels of the Company, $3,000,000 P. A R. Coal A Iron Co. stook, as
well as the real estate of that Company, and subject to a mortgage to
P. A It. RR Co. dated July 1, 1874, stojk in other coal and !r.m companies amounting to $7,448,975. An abstract of the general mortgage
was in the Chkosicle.V. 46, p. 679,andof the preference income mort
gages In V. 47, p. 141 and 1*2.
The interest on all the preference income bonds is payable yearly on
Feb. 1. and the first coup, falls due Feb. 1, V9, Including int. from June
1, '87, 10 Deo. 1, '88, the full ain't to be paid thus being ~H per cent, if
earmd. The net earn'gs are denned in the ino. mort's as the profits of
the RR. Co. for each fiscal year end'gNov. 30, derived from all sources,
after payUg operat'g expenses, taxe§, and existing rentals, guarantees,
and int. charges (out not fixed charge* of the same sort subsequently
created); also, after deducting expenses of "renewing, replacing and
repairing its said property aud premises, including such reasonable improvements thereof an d additions thereto as shall be necessary (or the
safe, proper aud economical operation of the same."— (V. 47, p. 256.)
In au article in the Chronicle of May 26 (V. 46, p. 665) tho future
liabilities were thus stated:
Total annual charges for interest and rentals
$8,021,513
Annual instalments on account of oar trusts
422,000
$24,039,000 of first preference bonds a> 5 per cent
1,201,950
$ 6, 1 26,000 of second pref erence bonds a 5 percent...
806,300
$19,762,000 of third preference bonds ® 5 per cent
988,100
Total 0' all charges preoeding stock
$11,439,863
From Dec. 1, 1887, to Sept. 30, 1888 10 mos.), gross earnings of P. A
;
,
;
1
(
R. RR. were $115,750,631, ag'st $ 17.580,245 in '86-S7 ; net, $7,677,440,*
against *8,973,844.
Including Coal A Iron Co. net earnings were
$7,738,863, against $9,815,688.
The fiscal year ends Nov. 30; the report for 1886-7, In V. 46, p. 73,
showed the following:
1885-86.
1886-87.
Net earnings RR. Co
$10,981,572
$3,482,657
Net earnings Coal A Iron Co
Loss. 1,147,055
Profit. 1,448,482
Total net both companies.
Deduct—
RR Co
Interest RR.Co
Interest Coal A Iron Co
Rentals
Total deductions
Balance, both companies
Deficit.
$7,335,602
$12,430,054
$3,620,939
6,222,363
984,684
$3,300,383
5,478,132
794,272
$10,828,486
$9,572,787
$3,492,884 .Surplus. $2,857,267
V EMBER, 1888.1
RAILBOAD STOCKS AND BONDS.
lOl
:
. .
.
.
:
:
INVESTORS' SUPPLEMENT.
10»
[Vol.
XLVU*
a great favor by giving Immediate notice of any error discovered In these Table*.
Bonds— PrlnclINTEREST OR DIVIDENDS.
DESCRIPTION.
pol.When Due.
Miles Date 8lze, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks— Last
of
of
For explanation of column headings, Ac, aee note*
Cent.
Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
siib«<-rlb.T« will ooafer
do
(for $1,000,000)
do
Piedmont * Cumberland— 1st tnort.,gold
1st
mort., guar
Cr*«A-.—
Pin*
Puts. 0. * St. L.— 1st M., consul
I
2d consul, mortgage
1st mort., Stent). A Ind., extend. In 1884
CoL at Newark Division bonds
Holllday's Cove RK. mortgage bonds
Putsb. Vltre.it TWrrfo— lstM.,gold,lnt. guar.,
0*
30
o*r.
19!)
18(18
199
125
33
7
78
149
10
149
149
468
468
468
468
468
1873
1864
1864
1863
1882
1868
1859
1876
1885
r
o
o
B.AO.
4 OonneUnilte—Ut mortgage
mortgage Turtle Creek division
Consul, mort., guar. B. A O. (8. f. £7,200 pr. JT.).
Sdeonsol. mortg., gold (pledged for B.A O. bonds).
PUUb.FX.Wau>" J (Aic—Stock, 7 p.ot.,guar. Pa.Co.
Guaranteed special Improvement stock
1st mort. [•ffjaitoR > g)t ,
„
not C
2d do (series G to M) > arawn
,_.„„
c*l
°
Sd mortgage
S
c
Pittsburg Junction— 1st M., gold
Pittsburg it iMke JSris-Stuck
1st mortgage, gold, coupon
Pittsburg McK. it lough.— Cons, stk., guar. P. A L. E.
1st mortg.. guar, by P. & L. E. and L. S. A M. 8..
2d mortgage for $ l. 750.0i:0
c*
Pittsburg fainesvUle it Fairporl— 1st M.. gold
c
Pittsb. Siunango d L. trie-lnt moit..gold
Pittsb. To. d Caart«*ton— 1st mortgage, gold
Pittsb.
1st
1871
1862
1802
1862
4>4 1881
70
70 1878
65 1884
62 1882
62 1-84
62 1886
111 1889
70 1882
226 1887
1878
f.
1st
Western.— 1st M.,g.(for $10,000,000). c*
mortgage Pitts. N weastle A Lake Erie
Old
Pitts.
Pittsburg
<t
& West..
1st
1875
18X0
1887
1880
1883
1,000
l.ooo
1,000
1,000
1,000
1.000
l.OOO
1,000
1,000
251.000
650,000
3,500,000
6,863,000
2,500.000
3,000,000
134,000
120.000
2,400,000
4,000,000
326,600
6,292,000
10,000,000
19.714,286
11,244,400
5,250,000
5,160,000
2,000,000
1,440,000
2,050,000
2.000,000
3,100,000
2,250,000
850,000
1,000,000
2,500,000
3.000.000
9,390,000
219.000
81,000
l'.obb
100 Ac.
£200
100 Ac
100
100
500 Ac,
500 Ao.
500 Ac.
1,000
50
1,000
50
1,000
1,000
1,000
l.'O)
1,000
1,000
500 Ao.
mort
The
and joint earnings for eight years
excluding the business under Cental RR. of New Jersey lease
TRAFFIC AND EARNINGS OF RAILROAD AND COAL & IRON COMPANIES.
The following ta'le shows
traffic
Out/fit of
Coal carried
{tons of
U'rchandise coalO. it I.
Co., tons
2240 lbs.), carried one
one mile.
mile.
2240 lbs.
1X80... 518,859, 348
253 309.495
1881... 588,689 725303 460,473
1-Xi... 713,'.),-4, 192 305, 871.807
1884... 58X.980, 528 319 279,871
Net e*rnings
of Jtli. and
Coal <C Iron
companies. companies.
Cross
'
665,018, 57:1 359 ,526,194
727.179, 162 398 862,487
1887... 835.308 697 444 .614.423]
188'....
188*;...
The average annual net earnings
of the raiiroad
A.
g
8'
J.
J.
J.
6
6
l g
K
-
l
7^
AO
A J.
A J.
A J.
A J.
A J.
A J.
A J.
& J.
A O.
A J.
& D.
6
1,
1.
April 1, 1913
1914
1890
1893
Oct.
1922
July, 1898
Aug. 1, 1889
Jan. 1, 1926
Feb. 1, 1925
Oct. 2, 1888
do
do
Oct. 1, 1888
do
do
July 1, 1912
do
do
July 1, 1912
do
do
July 1, 1912
Pitts-.Tradesni'sNat Bk July 1, 1922
Pittsburg, Co.'s Office. July 24, 1888
N. Y., Phila. A Pittsb.
Jan. 1. 1928
N.Y., Union Trust Co.
July 1, 1888
do
do
July 1, 1932
do
do
July 1, 1934
N. Y.,Mercantilfc. Tr. Co. July 1, 191a
New York.
July 1, 1938
Philadelphia.
April 1, 1912
N. Y.. Drexcl, M. A Co. July 1, 1917
do
do
June 1, 1898
do
do
Oct. 15. 190 Q
,
statistics of the report for
P.o.of op.ex.to earn's
Jan.
Jan.
Feb.
1,
1,
1,
1,
,
1887 are as below
1884.
4,045,257
2,731,960
1885.
4,033,623
2,631,633
4,752, =>96
3,130,690
1887.
5,808,378
4,017,219
1,313,297
67-53
1,351,990
66-48
1,621.906
65-87
1,791,159
69 16
1886.
1887
$
1886.
INCOME ACCOUNT.*
1884.
$8,861.1.18
and ooal companies
A
$
$
Net earnings
Rentals and interest
Net from l'sed roads.
1,313,297
4.624
423,531
1,351,990
4,835
1,621.906
4.974
1,791,159
5,778
378,330
589
432,897
654,955
Total income
Disbursements—
1,741,452
1,735,744
2,059,777
2,451,892
Interest on fund, d'bt
Trenton.— Owns from Kensington, Pa., to Mor20 miles and Tioga Branch, 1 mile leases Trenton Bridge.
Connecting Ral'road, 7 miles, and Fraukford A Hohnesburg Railroad, 4
miles; total owned and leased, 39 miles.
On Dec. 1, 1871, It was
leased with the United Companies of N, J. for 999 years to the Penn.
RR., at 10 p. 0. on stock, and is operated as a part 0) its N. Y. division.
1885.
$
Receipts—
10,051,888
10,647.770
11,855,181
8,950,554
7,926,301
7,335,603
12,430,054
(V. 45, p. 26, 54, 85, 143, 211, 240, 272, 305, 341, 438. 473, 509, 539
572, 600, 705. 743, 792; V. 46. p. 39, 73, 76, 134, 171, 289, 413, 464'
538, 6-5, 679, 699, 739, 772, 803, 819, 828; V. 47, p. 22, 81, 109, 141'
142, 161, 256, 278, 287, 382, 499, 532.)
Philadelphia
J.
-
J.
-18S0-1887— wete $9,757,311.
risvllle, Pa.,
June, 1910
Nov. 1, 1922
Aug. 1. 1911
Dec. 1, 1932
Aug. 1, 1900
i
Net earnings
re-
Oct.
April
T.
Various
Various
7
7
7
1892
1900
A.
A.
%
1%
Total gross earnings.
Op. exp. and taxes..
ceipts both
4,096,100 $32,177,003
5,422,600 35.286,463
5,624,789 37,300,162
6,074,131 40,045,613
5,672,6-4 37,009.753
6,040,178 34,343,501
6,203,202 35,683,096
6.901.497 41,188,737
1882... 628,975, 470327 ,347,373
for eight years-
800,000
1,000,000
1,(><>0
A O. Phlln., 233 So. 4th St.
A O.
do
do
A D.
do
do
4
M. A N.I
do
do
F. A A.
New
York
and
Bait.
3* J. A D. Pbila. P. A R. RR.
Co.
F. A A. Phila., Pa, RR. Otlice.
7
7
A. A O.
do
do
S
J. A J. N. Y„ Nat. City Bank.
7
J. A J. Phila., Pa. RR. Office.
F. A A.
e
do
do
New York.
7* J.A. AA O.
J. Bait,. Bait. A Ohio RR.
F. A A. Pittsb., First Nat. Bank
6
I. A J. London. J. S.MorganACo
New York Agency.
5 g- F. A A.
',— J. N. Y. Wlnslow L. A Co
1\
6
6
5
$700,000
1872-4 $1,000
Phila Wilm. * Bolt.—{Continued)--Plain bonds.
Plain bonds
Other interest ....
lut.onC.AM.Val.bds.
Loss on St. L. V. AT. H.
" Cin.AMus. V. RR.
$
$
$
849.920
646,990
183,850
105,000
33,011
42,003
27,888
830,881
646,990
178,615
52,500
931,518
646,990
133,101
$
938.683
646,990
150,051
14,172
113,217
66,917
;
Philadelphia Wilmington
Baltimore.— Mileage as follows:
Philadelphia Wilmington A Baltimore RR., 123 miles; Philadelphia A
Baltimore Central, 79 Delaware RR., 100 Queen Anne A Kent RR.,
26; Delaware A Chesapeake, 55
Cambridge A Seaford RR., 27; Del.
Md. A Va. RR., 98 miles total operated, 506 miles. Owns over half the
•took of the Pldl. A Bait. Ceut.
1,888,662
def.147,210
Total
Balanc e
•
Exclusive of Col. Chio.
—
;
;
;
From '68 to '87, inclusive, dlvs. of 8 p. c. were paid in '87, 7 p. c. In
April, 1881, nearly the whole stock was purchasod and is held by Penn.
RR. Co. Fiscal year ends October 31. For four years the Income
;
Bonds owned, cost
Ciu. Str. Conn. Ry...
Profit
loss balance
1884-5.
18854.
5,820,323
1,855,178
133,496
5,678,588
1,788,816
122,373
6,004,761
1,862,630
146,378
6,007,805
1,471,028
154,788
Total assets
LiabilitiesStock, common
8tock, preferred
Total net income... 1,988,674
1,911,189
2,009,008
1.625,816
Bonds
Gross earnings
Met earnings
Other receipt*
Disbursements—
Bentalspald
Interest on debt
taxes
Dividends, 8 perct....
Miscellaneous
$
$
$
331,338
201,485
47,682
943,604
14,543
Tot.dls'ts.lne.8p.cdlv.l,538,653
Balanoe. surplus
450,016
.
Cash on hand
INCOME ACCOUNT.
1883-4.
Assets
RR., equipment, Ao.
Stocks owned, cost.
Bettenn'tstol's'dr'ds
Bills A accts. recelv.
Materials, fuel, Ac. ..
account was as follows
1386-7.
•
A
$
386,634
200,000
47,686
945,548
11,674
367,650
200,000
47,697
945,548
13,605
374,852
204,172
47,698
945,548
44,284
1,591,542
1,574,501
1,616,554
9^262
Ind. Cent.
lLANCK AT CLOSE OF EACH FISCAL YEAR.
4;
;
A
1,775,903
1,725,784
1,848,944
def. 40,159 sur. 333,993 sur. 602,948
A
All other dues acc'ts
Due Little Miami RR.
Gin. Street Conn.bds.
Miscellaneous
A loss balance
1884.
1885.
$
$
1886.
$
Total liabilities
..
$
20,965,392
1,085,967
23,750
16,021
951,613
330,697
322,015
64,639
119,300
21,202 077
1,085,967
24,060,720
23,879,426
24,370,071
24,214,263
$
*
2,508,000
5,929,200
12,617,000
1,451,050
845,826
262,500
16,130
1,191,589
580,465
298343
64.639
$
2,503,000
5,929,200
12,617,000
2,013,724
845,826
262,500
38,018
$
2,508,000
5,929,200
12,617,000
1,680,136
845,290
2,508,000
5,929,200
12,617,000
1,787,248
759,639
262,500
37,299
469,185
24,060.720 24,214,268
23,879,426
447,144
262,500
37,298
Profit
-(V. 46,
1887.
20,798,277 20,870,740
1,085,967
1,085,967
23,750
23,750
21,744
38,17
1,119,287
1,036,391
292,014
389,995
258,918
276,131
64,039
64,639
396,124
428,482
24,370,071
p. 172.)
PIUnIhi i-g Cleveland A. Toledo.— {See Map of Pittsb. it Western.)
434,507
From Newcastle Junction, Pa., to Akron, O., 77 miles. Stock $3,000,
extends from Piedmont, West ikTO, par $50. Leased in July. 1884, for99 years, to Pittsburg A Western,
Va., to Cumberland, Md., 30 miles. It connects the West Va. Central
A which was controlled by Baltimore A Ohio, and the Baltimore A Ohio
Pittsburg RR. with the Pennsylvania RR. system, and has a traffic
con- Company guarantees interest on the P. C. A T. bonds (seo terms In V.
tra, t guaranteeing 5 per cent of gross earnings to and from
this
road 39, p. 607.) In 1888 road was in litigation, but the difficulty was ad""""<""
over the Pennsylvania Railroad. H. G. Davis, President.
From July 1, 1887, to Feb. 29, 1888, gross earnings were
Justed.
net $114,679; surplus over interest about $1 8,679. In the
k »~ 8
8d B Ju ctlon to Newberry Junction, Pa., on the $335,934;
ending
June 30, 1886, gross earnings were $406,825; net, $132,year
rJSSlt
^*J
A
S'
5S
7J
j?
Corning C. A A. Road, 75 miles. Formerly Jersey shore Pine Creek
A
Buff
Interest, rentals, Ac, $260,802
defloit, $128,340. (V. 45, p.
462
1
F frU Brook C° al Co an '1 fo
connection
»
727.)
SSJE'yiP^Y*
between Philadelphia A Reading lines and N. V. Central, aud
bonds are
Pittsburg
guaranteed by these companies and the Corning C. A A., on the
dr Coiinellxvllle.—Owns from Pittsburg, Pa., to
cou'u
nu,t
h ft a4 B,, e moae for interest If needed and Mt. Savage Juuc, Md., 147 miles; branch, 2 miles; leased lines, 22 miles;
y
SuV ']:i
S
total, 171 miles. Leased to the Bait. A Ohio Railroad since Jan. 1,
take
2d mortgage S'5
bonds ?for snoh adl
anoes. Stock $1,000,000; par $60
1876. The city of Baltimore transferred its interest to the Baltimore Railroad for $1,000,000,. and the
6 ,1 fl< t gage was made and guaranteed by the consolidated sterling mortBaltimore A Ohio, of whloh
312 ,44: "»' ^«.e 12%en?a\ to p C
K
enough Is reserved to retire the prior bonds. It is operated as the
.u^pSa:-$4 oT35*
Pittsburg Division of the Baltimore A Ohio RR. In 1884 the Bait. A
Pittsburg Cincinnati A 8t. iAuie.-Owns from Pittsburg Pa
Ohio issued Its bonds for $10,000,000 seoured by pledge, of the above 2d
bU
UUe
ri '" c '"><>. 15 miles;
consolidated mortgage of the Pittsburg A Connellsvtlle RR. Stock is
tofal, 206
T^U°w'r". »'~
? several
00 £SJ£2
8" ",1,'," 10
f
companies,
".
May
i,
1868 in $1,944,400; par, $50. In year ending Sept. 30, 1887, gross earnings
T£*
X "a.
?
1
Blading th«
Steuben
ville A Indiana and the Pan Handle
were $2,599,074; not, $1,004,263.
roads
This
com
pany I. controlled by Urn 1'enn. Jotnpany, thrmXh
e owncrshin of a
PlttHbure Fort Wayne A Chicago.— Owns from Pittsburg, Pa,
majority of Itsstock. The P. C. ASt. L. also has leases
of the littta Mian* to Chicago. iTl., and br.inoh, 470 miles. Made default
Oct. 1, 1857, and
again in 1859. and was foreclosed Oct. 24, 1861, and reorganised under
•eoondpreferred, $3,000,000; pn Vilie
p.™ '.J' this title Feb. 26, 1862. On June 27, 1869, the companv based all Its
owns $3.W0.0O0rW stock Authorized aoYoun o' istmori
road in perpetuity to the Peun. RR at a reutal equivalent to interest,
000. of which *3. :i7,000 reserved. The Co. is liable for *262 llo'oSo
foilcftn" linking fund of debt, and 7 per cent on $19,714,286 stock, which
8treet Connection Ry ho: ds assumed. There are
was
also car trusts
trusts, wl.?."h
which Increased at that vlme from $11,500,000. The lease was tranaf erred
•ailed lor an outlay of $70,61 1 in 1887.
subsequently to the Pennsylvania Company. The lessees are to keen
319,647
Piedmont A Cumberland. -Road
—
,
,,?^
,
LS?
fe%
-
;
<™
'
^
'
:
:
,
;
mU^
'
1
(
1
o(K? ho
1
-
;
November,
1888.]
RAILROAD STOCKS AND BONDS.
"
INVESTORS'
104
SUPPLEMENT
Babserlbera will confer m great liror by giving Immediate notloejofj
DESCRIPTION.
Miles
Date
of
of
For explanation of column headings, Ac, see note?
Road. Bonds
on first page of tables.
Pittsburg Toungitown * Ashtabula— Pref. Stock
Lawrence RR., 1st mortgage
.CAr
Ashtabula A Pittsburg, 1st mort
New mort. (for $-1,000,000). s. f. 1 p. c, not dr.o*
mortgage
Port Hit rnn it Northuvstern—ltt
?
Consolidated mortgage
anrssst
Port Jertif Mimtieello <* A'. T.— 1st M. ($10,000 p.m.)
Ptrt Royal rfAu«™«fn--l8tM..K.f.,$l0.O00.dr.atllO.o
2d mort., endorsed by Central Ga., s. f. $6,000 . c
... . . e
General mortgage income bonds, coup .
Fori Royal <* West Carol.- Con. M., s.f ., red. at 110.0*
o*
Angusta A Knoxville mortgage
Portland * Ogdensb.— 1st mort., gold ........ •--•0*
Consol. mort. $20 000 p. m. (guar. Maine Cent.) o
Portland* Rochester— Stock ($600,000)
Portland Sato* Portsmouth—Stock (guar by rental)
illametle Valley— 1st M., g.. red. at 105
Portland it
Portsmouth d Dover— Stock, 6 p. c. guar. East. Mass.
Ports. 01. Falls* Con.—8tock, gn. same div. as East.
1st mortgage
......i.,......?
prescott it Arizona— First mort., gold, sink, fund o
128
17
62
122
218
218
10
112
112
.
W
.
2d mortgage, Incomes
Providence it Spring/.—1st M. tend.by City Prov.) 0*
Providence it Worcester—Stock
°
1st mortgage
Pref. 1st mort
Quiney rmat.ad Kan.
1st mortgage
.
Maleigh it Augusta Stock
1st mort., funding coup
Baleighit Gaston— 1st mortgage
Bidding it Columbia—1st mort., (extended)
2d mortgage, coupon (extended in 1884)
C—
—
229
68
60
53
51
29
c*
c
97
o*
40
40
o
or
Amount
Par
Value.
882
1887
1,000
1.000
1,000
1
1,000
1878
1882
1878
1887
1880
1870
1888
100 Ac.
500
100 Ac.
1836
1,000
1,000
500
500 Ac.
1,000
100
1877
1886
1886
1872
100
100
500 Ac.
1,000
1,000
1,000
100
1877
1887
1887
1,000
1,000
1,000
1886
1873
1862
1864
1,000
1,000
lOOAo.
1.000
100
the road in repair and also pay taxes, expenses, Ac. The rental and
_ ,000 per year, and the profit to lessees
interest charge is about $3, If 9,
has been large. The Pitts. Ft. Wayne A Chic, leases the Newcastle A
Beaver Val., which In turn is leased again by the Pennsylvania Co.
The first mortgage bonds are in six Beries lettered A to F, inclusive
of 8875,000 each scries, the interest on "A" series being payable Jan..
Bonds— Principal, When Due.
INTEREST OR DIVIDENDS.
When Where Payable, and
Cent.
Payable
Whom.
31a
M.
7
P.
P.
1,3 .'5,000
5
7*5,000
920.000
121.000
250,000
112,000
7
6
A.
<B
M.
A
"e
6
6
J.
J.
J.
A" J.
A
M. &
6
6
7
8'
3
3
7g.
3
4i«
4ia
6
A. Phil., Fid. I.T.A8.D.C0.
N. N.Y., Farm. L. ATr. Co.
O. N. Y., First Nat. Bank.
8.
do
do
Sept.
Aug.
Aug.
Nov.
55,1888
1, 1895
Oct.
Mar.
New York Agency
N.Y., H. B. Hollins
Stocks— LaSt
Dividend.
A Co.
Dec.
Jan.
1,
1,
1,
1,
1,
1,
1908
1927
1899
1922
1927
1899
July, 1898
do
do
& J.
A J.
do
Jan. 1, 1899
do
M. & N. N.Y., H.B. Hollins A Co. May 1, 1937
do
July 1, 1900
J. A J.
do
Jan., 1900
J. A J. Portland, Me. Cent. RR.
Boston, Agency
Nov. 1, 1908
M. A N.
Portland.
July 14, 1888
J. A J.
July 16, 1888
J. A J. Bost., Eastern RR. Co.
J. A J. N.Y., Farm. L. A Tr. Co. Jan. 1, 1906
July 1, 1888
Portsmoutn, Treas,
J. A J.
Bost., Eastern RR. Co. Dec. 15, 1387
J. AD. Boston, Mass., Nat. Bk. June 1, 1937
J. A J. N. Y., John Paton A Co. Jan. 2. 1916
6
7
by
A S. N.Y.Fanu. L.ATr.Co.
A A. N. Y., Winslow.L. A Co.
$1,700,000
310,000
1,500,000
1,500,000
2,143.000
630,000
800,000
500,000
591,707
1,500.000
400,000
769,000
1,150,300
1,000,000
775,000
775,000
500,000
3,000,000
1.242.000
250,000
1,489,240
873,000
1,000.000
1.000.000
050,000
350.000
XLVn.
any error discovered In these Tables.
Outstanding Rate per
$50
1865
1878
1887
1879
11
73
73
73
73
23
51
51
134
134
108
Size,
[Vol.
j.
do
do
"a'j Providence.Am.Nat.Bk.
1916
Jan.,
July 1, 1892
Sept. 29, 1888
Providence, Oflioe.
Hosp.
Tr. Co.
Oot. 1, 1897
O Prov. R. I.
D, N. Y., John Paton A Co
Dec. 1, 1917
Dec. 1, 1917
D
do
do
Q,-M.
21*
A
A
A
6
A.
5
,4,5
J.
J.
"e"
J. "a'j. Balf.A Puil.N'lMech. Bk.
8
J.
5
5
M.
J.
A
A
A
J.
a.
D.
Balt.APhtl.N'lMech.Bk.
Phila., Co.'s Office.
do
do
1926
Jan..
Jan. 1, 1898
Mch.
June
1,
1,
1913
1904
authorized is, common, $7,000,000, and preferred, $5,000,000, 5 per ct.
non-cumulative; both in $50 shares; outstanding Dec, 1887. $6,975,000
all the preferred.
Voting power of stock will be exercised
till Jan. 1, 18H2, by J. Pierpont Morgan, J. L. Welsh and James Callery
For abstract of mortgage (trustee. Merc. Tr. Co.) see V. i^, p. 439.
In ddition to the above indebtedness there were outstanding Feb. 29,
'88, real estate mortgages for $175,935, and car trusts $3 0,269. From
Jul y 1, '88. to Sett. 30, '88 (3 mos.), gross earnings were $565,025; net
earnings (deducting also $25,000 for steel rails) $133,437. In year ending June 30. '88, grcs* earnings were $2,023,376, net $542,289 surp.
over int.. $140,'. 89. Pres., Jas. Callery, Alleghany City, Pa. V.-Pres.,
A. J. Thomas, N. Y.
(V. 45, p. 26, 113, 439. 614, 705,743,820,887;
V. 40, p. 171, 255, 289, 510, 610; V. 47, p. 140.)
common and
•
and July; on "B" it is February and August on "C" it is March and
September on "D" it is April and October on "E" it is May and Nov.,
and on "F" It is June and December. The second mortgage is also in
six series of $860,000 each, lettered G to M inclusive (J omitted), and the
Interest Is payable Jan. and July on "G" series, Feb. and Aug. on " H,"
March and Sept. on " I," April and Oct. on " K," May and Nov. on " L,"
and June and Dec. on " M." Lessee pays $104,100 yearly to sink, fund,
and if bi nds cannot be purchased, fuuds accumulate. Of the above 1st
Plttsbnrg Yonngstown A Ashtabula. Owns Kenwood, Pa.,
mortgage bonds, $1,684,500, and of the 2d mortgage $2,018,500, and to Wampum June, Pa., 13 miles (operates Wainnum June to Lawrence
$1,0^9,853 cash, were held In the sinking funds Jan. 1, 1888. The Jane 6 milc.t-); Lawrence June, Pa., to Ashtabula, O., 80 miles; Niles to
special Improvement stock is issued to Pennsylvania RR. for improveAlliance June, O., 2n miles; Cantleld Branoh, 4 nitles total owned, 122
ments, Ac, under article 16 of lease, which provides that the lessee mill s; total operated.
miles. In July, 1887, this organization was
may issue special bonds or stock, and in 1888 improvement bonds were made by consolidation128
of the Ashtabula A Pittsburg and other roads.
authorized for same put pose, but not yet issued.
Stock outstanding: coin., $1,'87, to Penn. Co.
Leased
from
Dec.
12,
Operations and earnings for three years past were a« below; in the gross
333,342, and pief., $1,700,000; both in $50 shares. Bonds of 1887
the net profits on leased lines are Included, and in the net the earuings
Farmers'
Tr. Co.) are reserved to retire divisional bonds.
(trustee,
L.
A
paid to the C. A P. road are deducted.
'87 at par, otherwise payPassenger Freight (ton)
Gross
Available Div'd A sinking fund of 1 per cent retires bonds of
earnings
Mileage.
Earnings.
Revenue, p. ct. ments lap^e. From Jan. 1 to June 30, '88 (6 mos.), gross
Mileage.
Years. Miles.
7 $472,218; net $161,049; surp. over int., $81,148. ln'87, gross earn1885.... 468 134,613, 04 $953,564,515 $8,237,156 $2,411,*51
charges, $221. OOu; outol
$sir6,391;
suip.
overflxed
ings
net
$452,080;
9,116,311
3,080,399
7
1886.... 468 104,370,187 903,083,277
173 191, 481,
3,959,229
1887.... 468 119,689,713 1,106,793,086 11,269,953
7 which paid dividend $50,00c\— (V. 45, p. 112; V. 46, p.
;
i
;
;
;
;
.
— (V. 46, p. 538.)
538; V. 47, p. 110.)
Port Huron A; Northwestern.— Port Huron, Mich., to East
River to Allegheny
River, Pittsburg, Pa.,
m., incl. side tracks and b ranches. Built under Saginaw, Mich.. 91 miles; Saginaw Junction to Sand Beach, 58; Port
Austin
Port Huron to Almont, 34 total, 218 miles.
to Palms, 35
auspices of B. A O. and Pittsb. A West., which Co.'s made an agreement
mortgage of $135,000. Iu '87 gross,
to pay $2 for each car, and guar, (separately) a minimum of $240,000 There is also an iquipment
def. uuder fixed charges. $136,857. John P.
net
$328,066;
$114,308
per annum. In *86 gross earn's $176,000 and net $1 40,090. In '8 7 gross
$182,050; net $140,941; surp. over fixed charges, $38,626. Com. stock Sanborn, President, Port Huron, Mloh— (V. 45, p. 696.)
is $960,000; pref., $480,000; par $50. Div's paid as earned.
Port Jervls Montlcello A N. Y.— Owns from Port Jervis, N. Y.,
Pittsburg A Lake Erie.— Owns from Pittsburg, Pa., to Youngs- to Montlcello, N. Y., 24 miles. Was sold in foreclosure July 16, 1875,
town, Ohio. 68 m.; branch line to Newcastle, Pa., 3 in.; total owned, 71 and again sold out in Nov. 188«, and then reorganized uniur present
Exension Huguenot to Summitvllle in progn ssto connect there
title.
m.; leases from Jan. 1 '84. for 99 years, the Pitts. McK. A Yough. RR
Pittsburg to New Haven, Pa., 57
with branches. 8
total operated, w ith the Pougbkeensie A Delaware Valley road to extend thence to the
Poughkeepsie.
Bridge. The whole issue of bonds ou old road and exten136 in. Scrip certificates for $615,000, bearing 6 p. c. int. and payable
at will, are also outstanding, and the temporary loans, Ac, additional sion to 8nmmitv'e will he about $500,000. H. R. Low, Middletown, Pres.
amounted Dec. 31 ,'87, to $8: 5,705. This Co. is managed in the interest
Port Royal Sc Angusta.— Owns from Port Royal, S. C, to Augusof Lake Sh. A Mich. So., which owns »2, 141,111 stock. The stock was ta, Ga.. 112 miles. Formerly Port Royal RR. Sold in foreclosure June
put in ti iisi but the Vanoerbilt interest was allowed to vote and control 6, 1878, and bondholders organized this Co.
The Georgia Rr*. was
the road see V. 45. p. 540. In '87, gross i amines, $2,452,194; net endorser on $500,000 of the old bonds.
The stock is $750,000, par
$790 419; mi -p. over fixed ch'gcs, $242,205; divs paid (6 p. el, $123,000. $100, and in June, '81, a controling interest was purchased by Cent. Ga.
Jno. Newel], Pres't, Cleveland, O. (V. 45, p. 540, 673 V.46,p 826.1
RB. parties. Of the above Inc. bonds $920,700 are owned by that Co.
Pittsburg AIcKeesport A- Youghlogheny.— Owns from Pitts In year ending June 30, '87, gross earn's were $316,304; net, $42,897;
burg to New Haven. Pa., 57 miles; branches, 8 miles; total, 65 miles surplus over interest and sinking fund, $5,177. Gross In 1887-88,
Boad opened Nov., 1883, and leased to Piltsb. A Lake Eiie RR. for 99 $;!91,710; net, .$51,11)1. (V. 45, p. 696.)
years, 6 per cent on the $3,100,000 stock and piincipal and interest of
Port Royal A Went Carolina.— Owns Augusta, Ga., to Sparthe bonds being guar, by P. A L. Erie and Lake Shore A M. 80. Cos.. the tanburg. 8. C, Laurens to Greenville, S. ('., and McConuiok to Anderguarantees being endorsed on the sh are certificates and bonds. Gross son, S. C.. 2'. 9 miles. A consolidation of the Aug. A Knoxv., Greenwood
earnings In 1887, $891,816; net, $500,111; surplus over interest, &c
Laurens A Spart., Sav. Val. and Greenv. A Laurens in 1886 with com.
$132,614. Stock, $3,100,000; par $50. W. C.Qnincy, President, Pitts- stock of $1,234,000 and 6 p. c. non-cumulative pref. stock $181,000.
burg, Pa.
The mortgage is for $2,500,000. Central RR. of Ga. owns $1,681,000
Pittsburg Palnesvllle A Falrport.— Owns from Fnirport. O., of the above bonds, $694,000 com. stock and all the pref. In year endto Youngsu wn, O.. 62 miles. In Dec. '86, leased to the Pittsburg A ing June 30, '87, gross $273,446; net, $13,177: def. under int., $32,884.
Western the 52 miles fiom Fait port to Niks, Bnd in 1887 the remainder It, '87-88, gross $292,915 net $68,462. See V. 45, p. 643.
of the road was leased in perpetuity to the Trumbull A Mahoning,
Portland &. Ogdensburg.— Owns from Portland Me., to Fabyans,
which Is iiiiitnuhd by Puts. A Western, rental being commuted in ad- 91 m. In June, '86, after foreclosure this Co. was reorganized as the P.
vance. Opeiated at cost, hut interest of bonds Is guaranteed. The
Railiou!/. The city of Portland owns $2,200,500 stock. Leased
AO.
Painesvili. & Mahoning RR. was sold in foreclosure June 3, lbfc6,and
from Aug. 30, '88, for 1)99 years to Maine Central for interest on bonds
P.P.AF Co. organized. Com. stock. $800,000; pref., $250,000.
and
1 per cent on stock till Aug. 30, '91, and 2 per cent thereafter. The
Pittsburg Mi en mi go A Lake Erie.- {See Map)- Owns from crnsol. mort. (Boston Safe Deposit A Trust Co.. trustee, was issued in
Hllliaros t«. Ainasa Junction, with branches, 66 m. uncer construction
to extend the load to a connection with the St. Johnshury A
Greenville to Sti tc Hue, 45 m.; State line to Harbor, 4 m.; total. Ill m. 1888,
Cbamplaln, $800,000 being reserved to pay off 1st mort., and
Reorganized Fib. 10,1888. The roortg. of '88 retired $1,200,000 old Lake
bonds
being gnaranteid, principal and interest, by Maine Central.
bonds, i,ld 1I1 bts of $300,000, and piovided for extension fiom Green
— (V. 45 p. 743; V. 46, p. 102, 573; V. 47, p. 50, 161, 278.)
vllle to< 01 mnnt. O., with branches and equipment. From Feb.
lOto
A Rochester.— Owns from Portland, Me., to Rochester,
Portland
June 30. S88, gross earnings were $80,849; net $30,822. (V. 47, p 594
)
N. H., 53 m. By a settn mint in '81 all the old stock and bonds were con^''«»*>«'ra Virginia A Charleston.— From South Pittsburg, Pa., verted Into the stock of the new Co. In Nov. ,'85, a lease to thi Bost. A Me.
«.
to Cniontown etc., Pa., 78 miles. The stock is $1,505,000; par $50
was made for 50 years. In year ending Sept. 30,'87, gross earn's, $197,The bonds and $1,151,050 of the stock are owned by the Perm. RR
-i
which i.iys ret eurninus as rental. Gross earnings, 1886, $629,104- 597; net. $43.6-'2 surplus over 6 per cent dividend, $8,127
Portsmouth.— Portland, Me., to Portsmouth,
Portland Saco
net, *2.'.2,232. Iu D-87, gross. $656,137; net over taxes, Ac.
$192.267
spent for lotteimtnts, $84.C'J0; dividends (2ij per cent, A. A O.), 5 tier N. H., 51 miles. It was leased May 4, 1871, in perpetuity to the Eastern Bailroan, Mass., at 10 per cent on stock. Lease rental changed
cent
Dividends are paid as earned.
Pittsburg A Western.- («ei ,if»/.j- Owns from Alleghany City, May 21, 1877, and now 6 per cent. The Boston A Maine Railroad
leased the Eastern in 1884 with all its leased roads till 1937.
*" V'',1 "' G%i "'»•'•: Callery June to Mt. Jew?tt, 137 m
Portland A Willamette Valley.— Line of road from Portland. Or.,
Duck hui. ranch,
8 m.; Clarion Branch, 6 in.; other branches, 2 miles;
to Dundee, 28 4 in. connecting with oieg. RR., with which It has a freight
total ii« ed. 212 miles. Leases for 99 years
P.O. ATol., Newcastle contract for 15 years. Bonds may be red. at 105. Stock, $150,000.
,
a ",,,J ,,nctlon
£?£).«•£«••
?- 7Z u,UeR nl,<1 tue **"•• Paine* &
Portsmouth A Dover.— Portsmouth, N. H., to Dover, N. H., 11
K S.M
Nll;»to i
Fairjiort, In Ohio.
54 miles; and uses 26 miles
l?r?w\ v *
Z
Opened February 1, 1874, and leased for 50 years to Eastern
RR
A £™- O.. to Orville. O.: also owns entire miles.
of
New Hampshire at 6 per cent per annum on the stock. Operated
«™t if t\ "'• *I'«
.
V
Mal on l»>([ RR-. Hazleton to Nibs. O.. IB m -lea; and of
.
Su.J k
now bv Eastern (Muss.) Frank Jones, President, Portsmouth, N. H.
rn
D '" ,
t." Ul1 "I"-""-''. SM "dies.
Sold In tan closure
ji,,!"« A i'"i>
K
Portsmouth Great Palls A Conway.— Owns from Conway
n " on Kllt
by tie N. Y. committee; new company organi.V.^
V:
i sccori
lied June
lug to plan in Ciihosicie, V. 44,p. V.O. fctock Junction, Me., to North Conway, N. n., 73 miles. The Eastern Railroad
25
in Massachusetts has made a lease of the road for 60 years from Deo. 1,
Pittsburg Junction.— From Monongahela
-1
'
1
;
,
m
m
,
;
,
;
;
;
,
;
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)
.
:
:
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I
,
1
'
>
;
,
.
'
,
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,
November,
RAILROAD STOCKS AND BONDS.
1888.]
105
Dull ring*
lH-nbar^?* JIlIMooh
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Parker
I
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Crorn.rUl
j*»«
4
*»!
"Uciii aiuii
ftlJ-Tillf.;
Innrto
V
MAP OF THE
.
UTLER
Hill
PITTSBURG, SHENANGO
i
AND
%T*
, Lake
c^Sf
V
jS*&X^
jUr
Bull.,
u
Erie r. r.
,
-
ASO COXXRCT10NS.
vb«Mchbarf
Olkeeoulc
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\
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UrpertUo
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Workl
[SBURCH
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iBUJrtvilU
BUlrevlIlc
InO
;
.
SUPPLEMENT.
INVESTORS'
106
[Vol XLVII.
a great favor bv giving Immediate notice of any error discovered In tneae Tables.
Bond*— PrinciINTRRE8T OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount Rate per When
Par Outstanding
of
Of
Where Payable, and by Stock*— Last
FOr explanation of column headings, ta., see notes
Road Bonds Value.
Cent.
Payable
Whom.
Dividend.
on first page of tables.
sutiMi ri
era will confer
DESCRIPTION.
Heading
Columbia— [Coutinui d)— Debentures..
it
4
Reading, 1st mortgage
MtnuUaer 4 Sara.— 81 ock, 8 p. c. guar. Del. A H.Can
1st mortgage, oonmillilated (for $2.000,000). .c*Ai
Kichmnna .f Mlrqtuinu— 1st mortgage, gold
Lancaster
Second luortk'imc. gold
Weaaionrt i# /ton rilfe— id niort. (oonsol. of 1867).
Genera] mortgage, gold
Delienture mortgage bonds, cumulative
Consol.M. g.($17,.'.00p. m.),$or £ (*H,500.000)C
Northwestern. N. O., 1st in. ($15,000 p. m.J.g.gu.o
Richmond York River A Cues., 1st mortgHge
2d mortgage
do
do
Stock guar. 6 p. ct
do
do
inert,
1st
guar
Wash. Ohio A WesternOxford A Clarksvi le, Isl M.. $l5.ooop.ro
15
193
79
252
252
141
141
18ti7
lOOAc
1874
1882
1886
1,000
1,000
1,000
1.000
1,000
1,000
1880
18SI
50
lt>87
Bock Islan d it Peoria—Stock
1st mortgage
Consul. 1st moitgage
Some it Decatur— 1st mort., gold ($15,000
Waterlincn.
M.
it
r
r
p.
m.)..
Ogdcnsburg—htacte.
Home
Wat. AR..
to
I
ape Vin. (ext'd).s.f
I
1887
1,000
1878
1885
1866
25",000
100
5,000
1,000
100
100 Ac.
1855
A
Providence
Springfield.— Providence, R. I., to Pascoag, 23
was proposed to extend the road to Springfield, Mass.. 80 miles.
Stock is $517,450; par $100. In year ending Sept. 30. 1887, gross
earnings were $109,058; net, $43,092; interest. $34,452; extri o dinary
expenses, $13,824. In 1887-8 gross earnings, $118,664 net, $48,459
surplus over interest, Ac, $12,337.
Providence
Worcester.—Owns from Providence, R. I., to
Worcester, Mass., 44 miles; branches, 7 miles
total operated, 51 miles.
In May, 1888, arranged to lease road to the New York Providence A Boston iwhen legislative authority is obtained) for 99 years at 10 percent
per annum on the stock, which Is also to be increased $500,000 for terminal improvemeLts, Ac. Inl8s6-7, grots earnings were $1,270,828;
net, $438,977; surplus over Interest and dividends (9V* p. ct.), $107,'- 67.
In 1887-5 gross earns. $1,397,601; net $102,6iO; suiplus overcharges
and 10 per ecu divideids, $28,100. (V. 45, p. 673; V. 46, p. 573.)
Qui ii< y
Kan.
Quinry to Trenton, 111., 134 milesThis Company is successor to the Quinoy Mo. * Pacitlo sold in foreclosure an d reorganized. The stock is $l,4s9,'/40 (par $100). (V.45,p. 856.)
Raleigh
Augusta.— Owns from Raleigh, N. C, to Hamlet, N.C.
08 miles; Hamlet to Gibson, 10 miles; leases Moneure to Plttsboro. 10
miles: Cameron to Carthage 12 miles: total, 130 miles. Formerly Chatham Railroad, now controlled by Raleigh A Gaston (which owns most
of the stock and bends) and so by Seaboard A Roanoke. In i ear ending
Sept, 30. 1887, gross earnings, $240,109; net, $64,010
1887-8, gross,
$241,987; net, *fc8,978; surplus over Interest, Ac, $28,977.
Raleigh
Gaston. -Owns Raleigh to Weldon, N. C..98 miles and
Loulshnrg branch 10 miles. Control- Rileigb A August* RR., 108 n.iles,
ar.d has large interest in Durham A Northern RR, under construction
from Durham to Ilendiis™, N. C. 42 miles; a d with Seaboard A
Roai oke controls CaTolina Ci nti al. This road is controlled by seaboard
A Roanoke. The stock is $1,500,000. Semi anmul dividends of 2 perct.
are paid at Raleigh, N. C, April 1 and October 1. Gross earnings year
ending Sept. 30. 1887, $160,226: net $142,(:06; adding other receipts,
$206,700. Gross in 1 i 8 7-8. $469,458 net (including other receipt! ).
$280,815; surplus over interest and 4 per cent dividend, *146,815.
John M. Robinson, Pres't, Baltimore.
miles. It
;
A
;
;
A
;
* Columbia.—Owns from Columbia to Sinking Springs,
40 miles; branches, 16 miles; Lancaster A Reading Railroad,
9"** ,d,n ¥
leased. 15 miles; operates Marietta Junction to Chlckies, 6 miles; total
J.
Last paid Dec, 1879,
Phil. Co's Office.
N.Y., Del.A H.Canal Co.
do
do
Last paid Jan., 1883.
Last paid Mot.. 1882.
N. Y. Ollice, 2 Wall St,
do
do
do
•do
do
do
do
do
do
Richmond,
do
do
A.J
6g. M.A
do
do
do
do
N.
3>s
do
do
do
do
do
Ollice.
1917
1893
1888
Nov.. 1921
July 1, 1920
May 1, 1916
May 1, 1890
Jan. 1, 1915
April 1, 1927
Oct. 1, 1936
April 1, 1938
Jan. 1, 1894
N.v. 1, 1900
July 2, 1888
1924
Nov. 1, 1937
.inly 1, 1888
Nov. 1, 1888
1095 A 1901
1890
1901
Jan. 1, 1889
May 1. 1910
Deo.
July
July
1,
1,
2,
500,4(0
7
M.AN
do
172,720
5,6,7 J. A J.
no
150,000
8
J. A J
Richmond A Phlla.
357,.27 5 g. A 6 M.A N.
do
do
1,000,000
J. A J
3>s
Richmond, Office.
384.000
M. A N.
do
do
40.000,000
5,000.000
A J.
""2>fl
Y., Office, 2 Wall St. Jnly 2, 1888
7,187.000
6g.
A A.
do
Feb. 1, 1897
do
555,200
3
A J. N.Y.,byN.Y L.E.AW.Co July, 1888
1,500.000
A J. N. Y., Corn Exeh. Bank.
2»s
July, 1888
150.000
10
A J.
do
do
Jan. 1, 1900
450,000
6
A J.
do
Jan. 1, 1925
do
650.000
A D.
None paid.
Dec. 1. 1926
7,153,300
A A. N. Y. Office, 6 Pine St. Aug. 15, 1888
418.100
6
M. A 8, N. Y., Central Trust Co. Sept. 1, 1910
6A7
S'
KIchmond Danville.— (See Map Rich. <£- W. P. Term.)—Th
line is from Richmond, Va., to Danville, Va., 141 miles; branches
12 miles; Danville, Va., to Greensboro, N. C, 47 miles; Salem Junction, to Salem, 25 miles. The Virginia Midland RR., Columbia A Green-
&
main
The East Tenn. Va. A Ga. was leased iu October, lr88,
For whole system operated see K & W. P. Terminal Co.
in Feb., 1887, the R. A u. stock was mostly exchanged for Terminal
le ' ir °P"ition of four shares of Terminal for one
of Rich. A Danville.
The lntereston the Debenture bends was strictly cumulative auo iu exchange for the overdue coupons new consol. mort. 5 per cent gold bonds
were glvi n. Consol. mort. bonds of 19S6 are at $15,000 per mile on
road and $2,500 on equipment: and onough are reserved to retire prior
lien- and bonds of leaded lines.
In addition to above bonds there are
also $111,000 Clarksville A N. C. 6s on 7 miles road, (int. M. A N.) due
*»7„1. 1937. Dividends per cent was paid July 2, 1888. From Oct. 1,
1887, to Sept. 30 in 1888 (12 mouthsi, gross earnings were $4,718,928,
against $4,i99,662 in 1886 7; net, $2,216,476, against $1,983,827.
lne annual report for the year ending Seot. 30. 1887. was published
the Chronicle, V. 46, p. 100, containing the following:
1886-87.
18-45-86.
1884-85.
rotal receipts
$4,355,161
$3,999,147
$4,012,028
Operating expenses
2,287,857
2,121,553
2,231,486
in perpetuity.
tor 99 years.
m™
m
C—
A
-
3
4
744, 0>
100
500 Ac.
100
100
g
6
1,035,11
1875
4,497
18
113
91
113
35
642
97
Sg.
5( 10.00"
no
25
2ft
S*
500.000
400,000
500,000
A J
A J.
MAN.
J. A J
M. A N.
MA N.
J. A J.
A. A O.
A. A 0.
A. A O.
J. A J.
M. A N.
J.
J.
Z*
1,000.000
m
a.,
7
100
1878, with a guaranteed rental of $45,000 a year, which pays4»s pir
cent on $1,000,000 bonds, and the stock is to receive the same dividends
as the stock of the lessees. Lessees own $551,300 stock.
Preseott A- Arizona Central.— Owns from Prescott Junction on
lee.
Stock, $1,the Atlantic A Pacific RR. to Pn scott. Ai izona. 73
200,000. Central Trust Co. of N. Y. is mortgage trustee. Five p. c. of
net earnings each year accumulates as a sinking fund; bonds purchased,
not drawn, at 110. From Jan. 1 1o Oct. 31, 1888 (10 ni( s.), gross earnings were $101,880; net $69,011. T. S. Bullock, President, 42 Wall St.
Omaha &
1,925.00V
4,982,000
4,000.000
617.300
5,378,000
3,551.0
l/Oo.O
1870
Preferred 6 percent stock, cumulative
Collateral trust bonds, gold (payable at 105)
c"
Soeh.it Genetee Va/. -Stock, 6% rental N.Y.L.E.A W.
4
l'.oiio
82
82
—
1st
1.000
1,000
1.000
"»«
bunas
Coupon bonds of 1 890
home
ism
1871
tiide
MUMmond
6
7
8,442,41
100
Pntomat— Stock, oommon.
Bich'it rredrrtcJcMtniru
Stock, guar. ($1 0,300 Of thl* is guar. Operceut)..
Coup b'ds of 1 901 ($57,327 are £ pay. in London.)
Michinoi.it rf Petersburg bfock
I onsol. mortgage ($50,000 are 7s)
<t Weti It. In: K. & If. Co.—Stock
$1,000,000
350,000
100
31
3d
38
.c
Comei
$1,000
100 Ac.
1877
1873
Net receipts
$2,067,304
$1,890,475
$1,767,661
INCOME ACCOUNT.
1886-7.
Net revenueforthe year
$2,067,3( 4
Interest on debt, rentals, Ac... *1, 482,517
1884-5.
18d5-6.
$1,890,475
*1,467,658
$1,767,661
•1,483,097
Balance over all charges
$584,786
$422,817
$284,564
* The int. charge on debentures is included here in lull, though
not paid.
- < v 45. P. 821, t57; V. 46, p. 100, 539, 574, 699, 82s; V. 47, p. 81, 161,
-
4J.U,
4/U, Ool.)
Richmond Fredericksburg & Potomac— Owns from
mond, Va.,
Rich-
to Quantico, 80 miles; k-asej Quantico to Junction 2 miles,
lhe common stock is $1,030,100; guaranteed stock, $500,400 (7 per
cent except $19,300 guar. 6 per cent), and "dividend obligations" $1,0,0, sou. There are also
$ 3 3,363 7 per cent debt ceitifleates due in
1699, and $53,512 5 per cent certificates due in 1902. Dividends of 6 1*
per cent paid on common stock out of profits of 1887. In 18otj-S7 gross
eainlngs, $587,522; net, $253,636 interest, Ac, $83,209 sur., $170,336. (V. 45, p 696. 855.)
Richmond A Petereburg.— Owns from Richmond to Petersburf,
Va., 23 miles; branch, 2 miles; total, 25 miles. The road has earned
moderate dividends and the debt account is very small. In year endtag Sept. 30, 1888, gross earnings were $254,164, aeaii st $z24.389
in 18a',
net $85,416, against *96,014. la year enoing Sept. 30, 1887,
gioss earnings wete 2i!4,3S9; net, $96,014; totai.net income, $104,927; surplus over interest and dividends, $21,317. (V. 45, p. 7a3.)
;
;
oneratcd, 77 miles
Stock, $958,268 par $f.O.
The road is controlled
and operated by Phil. A Reading (which holds the above debentures),
but accounts kept separate. In year ending Nov. 30, 1887, gross earn
lngs were $354,038 net, $84,854 deficit under (barges,
Richmond
West Point Terminal Railway
Ware$25,146.
,
e, * c d: S»r»*of?».-Owns Troy to Ballston. N. Y., 26 miles; liouae Co.— (See Map.)—The mileage controlled and operated In NovJ
f ,'"?, N. Y.,to
r.
Whitehall,
V ermont lire. 7 miles; Eagle Bridge to Rutland, 188/, was as lollows:
Richmond a Danville Ststem.— Richmond A Danville and Piedmont
Vt., 02 iiiiles Saratoga to Whitehall, 39 milee; branch, 3 miles-total
owned, Id/ miles. Leases: Albany to Waterford June. 12 miles; Sara. RK. and branches, 208 miles; Richm'd York River A dies. RR.. 39 rn.j
toga to Schenectady, 22 miles Vermont line to Castleton, 7 miles Foil Northwestern No. Carolina RR., 25 m.; No. Carolina RR. and State UniEdward to Caldwell, 14tn-total leased, 55 miles; total opeiated, 192 veiBiiy RR., 232 m.: Atlanta A Charlotte Air Line R'way and branches,
288 m.; Virginia Midland R'way, 413 m.; Wash'n Ohio A West'u RR.,
miles.
It was a consolidation of several lines, and the
Delaware A 50 m.; -ncsi'iiNo. Car. RR.,
290 m.; Char. Col. A Aug. RR. and leased
ana. c o. leased the whole March 1, 1871, at a rental of 8 per
?^,',T.i
linos, 373 m.; Col. A Greeuv. RR., leased Hues and branches, 296 m.i
cn
tu stock aml interest on the bonds. In 18S6 87. gross
£ L?U
earninc->
Asheville A Spartanburg RR , 70 m.; Knoxv. A Aug. RR., 16 m.; Rich.
2,400 307; net. $808,588; deflcit under fixed r.h«rges^$lf fooil
From A Mecklenburg RR., 31 m.; Georgia Pac. R'way, 401 in;
0ct 1 to £?>' t 30t " ls87 8 12 »'OS.) gross earnings were
Northeastern
;
$2,440 15? Kli. ot ueorgia. 61 m Statesville
against. $2,400,305 in 1886-7; net,
A Western, 20 m.; Oxford A HenderW.554. against $884,332; n£ son,
16 m.i total Richmond A Danville system, 2,894 miles.
* l60,fo3
*- 45> p 18 °East Tennessee Viroinia A Georgia System.- (See East Tenn.
Virginia A Geoigia for details.)— Total East Tenn. system, 1,603 miles.
;
;
;
R
,
A
;
A
i
;
;
;
'
'
-
-
'
;
^ss^r^s^^l'&r&f fir
ES& K
-
k?," Kl, ," n.' KK-,New Canton toArvon,'4 miles;
Valley RR con
3 83 "selves' were.appointed,
ta June 188? ?S£i%S£S'
iT?,,a
" 8o1
ation with
Chesapeake A Ohio was proposed.
and 8,
2fl
,r
!
Hie road was assumed by Chesap A Ohio but
2££!Sr.. "I'^nf/mof
k ePt81 I ara, e
Ul
h
-n^ufent.should
oiiouiu be
final lv
ue nnaii.v
ed Tim isi- m„ii t,,.„A.
"niT I, ° """"s™^'
KtHed
dB wi,h
»e toi.pons take new $1,000
^' ov
o
first InAnl %},}J,
ri g 2
,,
""' " e," 8, for nT « 'ears and 4 per bent
for
,r 95 vears
Thel R A
v
2d morjK- bonn " take "ew «'sts for 8250
*
,
bearfn. 2 w,
l, f
for
!*!*• 3 5" ccnt ,or 0E e year and 4 f, r hS
vearl^li.o^i 9 5?(?,*! CO ""%
c bon
nnd * 625 '" ne w Chea. A O. common
.,
" L"ihaving
!!;
2
atoSJ' R.
n **i» .stock
stock.
--ng
paid
10 per cent assessment
assessm/ut t»l-L
takes new
8,ock ' or70l cr C( "" of its face value and
.-.
A 0. 1st pref.
.w."i;?.
ato; k tor the asv f »ment. fee
Chrokiclb V. 47 p. 199, 382.
tai nlngs for three years ending Sept. 30
wereu<
'
,
''
'
,
1
--
'
'-
-
^
'
"
'.'','
^
AD
,
Z
'
'
(
9«eaearn
,
ga,lnol. rente, docks,
Operating expenses
1H-5-.HI-.
Ac. $589.59i
404;918
$597,048
438,350
-<S^Wv.*e;v:$i;m;iW$Z i«B8T
188647.
$615,850
457,954
$157,896
Grand Total of all Mileage, 4,497.
'1'ke Central Georgia RR. A Banking Co. was brought into
control of
this Company in Oct.. 1888, through the purchase of the stock of the
.,
Utorgia Company, which owned a majority of the Central RR. stock.
See V. 47, p. 499.
This company was incorporated by an act of the Legislatureof Virginia
of March 8, 1880. It was the auxiliary corporation of the Richmond A
Danville RR. Co., controlling several stocks by ownership of a majority.
In November, 1886, the Terminal Co. purchased a large majority of the
K.AD RR. stock. $5,000,000 of pref ,T( rminal stock was issued, secured
by the deposit in trust of 25,000 shares of R. A D. stock; and afterward
the common stock was increased to $40,000,000.
The report in Nov., 1887 (V. 45, p. 821), showed that this company
then owned the tallowing securities (* indicates pledged under the collate
era! tl ust mort.), viz.: Stocks— Of its own stock $28,633 pref. and $165,250 com also, $4,261,000 of Rich. A Danville RR. stock; $6,500,000
C$6,000,000 pledged), of E. Tenn. Va. A Ga. 1st pref.; $2,611,650 Rich.
A DuuviUe Extension Co.; $^5,000 of Am. Construction
Co.; $120,000
Northeastern RR. of Georgia; $3,168,300 Western North Carolina RR.
common and $3,168,300 pref.; $100,000 Knoxville A Augusta Railroad;
$1,302,400 Charlotte Columbia A Augusta RR.; $3,577,333 Virginia
Midland Railway (of which $3,100,000 pledged); *$l,000,00o Columbia
;
November,
1888. J
RAILROAD STOCKS AND BONDS.
107
o
.
:
mVESTOKS' SUPPLEMENT.
108
-
[Vol. XLVII.
Subscriber* will confer a treat favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
DE8CRI1TION.
pal, When Due.
Miles Date Size, or
Amount
Stocks— Last
per
When
Where
Payable,
and
by
Rate
Par
of
notes
of
Outstanding
r explanation of colnnin headings, Ac, see
Whom.
Dividend
Cent.
Payable
Road Bonds Value.
on first pags of tables.
Borne W.4 0g.—{Oon'd)—latM.,a.t. (2d M.on91 m.)
2d mort. (3d niort. on 91 miles)
Oonsol. mort., (extended July, 1882, at 5 p. o.).o'
Syracuse Northern (gold)
C
R. W. A Og. Term. Co., 1st moit, guar
ftuUanti- Stock, eommon
;•••-;
Stock, preferred
o
General mort. (8 per oent. reduced to 6l....
bonds, Ao.
equipment
exch.
for
In
mort.
2d
aaeramm. <* Placer. -1st M. s. f. $20,000 not dr'n..
Bamnav Yallett <t 81. Louis.— lit mortg., coup
Bt.Ji'hvstnirif <t L. Champlain—Ut M.,coup. orreg.
Consolidated mortgage (for $1,000,000)
St. Joseph ,c Grand Island— Stock
1st mort, gold, interest guar, by O. P
2d mortgage, Income
Kan. 0. A Oni. RR. 1st M. ($15,000 P. m.), Int. gu.o*
St. I.miis Allan i* Terre Haute—Stock
Pref. stoek (7 cumulative), convertible
1st M. (series A) ? sinking fund $25,000 yearly,
o
IstM. (series B) J bat bonds not drawn
o*
2d mortgage, preferred (series C)
c*
2d mortgage, preferred (series D)
o*
2d mortgage, incomes
Dividend bonds, Income not cumulative
o*
Belleville A Carondelet, 1st mort
0*
St. Louis Southern— 1st M., gold. Int. guar
o*
2d mortg. income, non-cumulative
Carbondale A Bhawneet'n— 1st M., g., int. guar.c*
Cnio. St. Louis A Paduoah, 1st mort., gold, guar.c*
o*
2d mortgage. Income (non-ouinulatire)
—
81.
Louie Arkansas
dt
190
190
409
45
14
135
120
120
48
36
120
120
252
252
196
381
381
207
207
207
207
17
33
33
18
58
58
1,205
o* 1,205
Texas— Btock
1st M.,gold («13,0o0 p. m.)
1861 $500Ac.
1,000
1872
1,000
1874
l.ooo
1871
1888
1,<00
100
100
lOOAc.
1872
1878 100 Ao.
1,000
1877
1,000
1872
1,000
1880
1884
1,000
1885
1885
1887
1,000
1,000
500 Ac.
100
100
1862
1862
1862
1862
1862
1881
1883
1886
18S6
1887
1887
1887
1,000
500Ac
1,000
1,000
500AC
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1886
A D.
A J.
A O
A J
M. A N.
5
....
P. A A.
M. A N.
6
5
r. a a.
6g. J. A J.
M. A N.
8
A. A O.
$1,021,500
1,000,000
7,060,000
500.000
7
375000
2,480,600
4,000,000
1,500,000
1,500,000
1,404,000
446,000
628.000
400,000
4.600,000
6,9«5,000
1,680.000
2,940,000
2,300.000
2,468,400
1,100,000
1,100,000
1,400,000
1,400,000
1,700,000
1,357,000
485,000
550,000
525,000
250,000
1 .000,000
1,000,000
15,356.000
15,922,000
7
J.
J.
5
7
A.
J.
v-
I
s
-
5
"in
N. Y. Central Tr. Co.
do
do
do
N. Y. OfHce, 5 Pine
do
do
do
St,
J.
J.
Bost.,
Am.
L.
A
Tr. Co.
Boston.
J.
A
A
&
M. A
M. A
J.
A.
F.
O.
A.
do
do
N.Y.,
do
do
AD
.
g*
"e'g.
M.
A
1918
1,
Oct. 1,
April 1,
May
July
Jan.
1888
1902
1898
1907
1902
1910
1914
1925
1925
1927
1,
1,
1,
Omoe.lS Broad St April
do
do
do
do
do
do
do
do
do
do
7
N.
do
7
do
N.
7
June 1
do
6
do
6
J.
M. A 8. N.Y.St. L. A. AT. H. Co.
M A S.
do
do
do
do
4g. M. A 8.
do
do
M. A 8.
do
do
7
7
May
July 2,
Bos.,GlobeNat.Bk&Rut Nov. 1,
do
Aug. 1,
do
N.Y.,8o.Pac.Co.,23 Br'd Jan. 1,
Boston, C. Merriam, Tr. May 1,
m.'a'n. N. Y., Central Trust Co
A
A
1891
1892
1.
1,
Julyl, 1922
July. 1901
Rutland, Clem. Nat.Bk.
Q.—J.
J.
J.
Deo.
Jan.
N. N. Y., Central Trust Co
10, 1888
July 1 1894
July 1,1894
July 1, 1894
July 1, 1894
July 1, 1894
,
After Jan., '94
June
Sept. 1,
Sept. 1,
1923
1931
1931
1932
1917
1917
May
1936
1,
Sept. 1,
Sept. 1,
March
1,
1,
mum
A Greenville RR.; $49,000 Dan. Mock. A So. W. RR.; $300,000 Richmond A Mecklenburg RR.: $103,900 Rabun Gap Short Line; $4,048,
058 Georgia Pac. Railroad; $1,500,000 Wash. O. A West.; $l,045,2i:9
Asheville A Sp.irtanburg; $ >00,0c0 Statesville A Western RR.; $325,000
Oxford A Henderson RR.; $47,900 Green Construction Co.; other stocks,
$$251,100; and the following bonds: $100,000 Knoxville A Augusta
1st mortgage 6 per cents; $569,700 Spartanburg A Asheville 1st mort.
6 per cents; *$l,325,00O Western North Carolina 1st consol. mort. and
$4,110,000 2d mort.; *$ 2,763,908 Virginia Midland 5 per oent general
mort.; $315,000 Northeastern of Georgia general mort.; *$l,778,155
Georgia PactHo 2d incomes; $379,000 Georgia Paci Be accrued coupons
of income lmnds; $'299,000 Blue Ridge RR.; $7,300 miscellaneous county
and township bonds; $625,000 Wash. O. A West. 6 per oent inoome
bonds; $85,OuO Georgia Pacilio equip, trust bonds; $195,800 Oxford A
Henderson 6 per cent 1st mort.; $300,000 Statesville A Western 1st
mort.; $160,000 Richmond A Mecklenburg 6 percent 2d mort. Total
securities owned as above, $12,013,043 bonds, $9,697,933 pref stocks
and $2,115,570 common stocks grand total. $46,511,096. Of these,
$21,576,355 (including those marked with a star) were deposited with
the Central Trust Co. of N. Y. as security for the $8,600,000 of its collateral trust bonds outstanding; those bonds may be redeemed on notice
at any time at 105. Bee abstract of mortgage, V. 45, p. 575.
The prices of common stock have been: In 1881, 122®174V, in
in 1884. 12®32 : in 1885. 183e®
1882, 23®263; In 1883, 21®39
43>4 in 1886, 27i4«77i4; in 1887, 20»3®53; in 1888, to Nov. 16, inol.,
19®29*4. Pref. inl!-87, 43®87»s; In 1888, to Nov. 16, lnol.. 55-a>86>*.
The net e rnings of a large part of the system are given in V. 47, p. 351.
The annual report for year ending Nov. 30, 1887, wis given at length
In V. 45, p. 821. (V. 45, p. 575, 821, 857; V. 46, p. 449, 511, 574, 579,
699; V. 47, p. 140, 432, 499, 532.)
Rccbeater
Genesee Valley.—Owns from Avon to Rochester
N. Y., 18 miles. This road was leased July 1, 1871, in perpetuity, to
Erie Railway, and now operated by New York Lake Erie & Western.
Rental, $34,012. James Brackett, President, Rochester, N. Y.
rental and $8,000 for organization expenses; but in 1887-88 lea
see retained $18,000 for taxes, whtoh led to legal proceedings now pending. The 5 r.c. 2ds are a first mortg. on rolling stock and personal property. In Nov., '87, the Del. A Hudson Canal purchased control of the
stock. The income aocoant for year ending June 30, 1888, was In V. 47,
(V. 45, p. 11 », 643, 744 ; V. 46, p. 38; V. 47, p. 81.)
p. 81.
Sacramento
Placervllle.— Owns from Sacramento, Cal., to
Shingle Springs, Cal. 48 miles. This was a consolidation of the Sacramento Valley and the Folsom A Placerville railroads, April 19, 1877,
Capital stock, $1,756,000; par $100. In 1886 gross earnings were
$129,966; net income, $60,110; deficit under interest, $43,021. Leland
Stanford, President, San Francisco.
Saginaw Valley
St. Louis.— Owns from Ithaca to Pains,
Mich., 36 miles, and leases Alma to St. Louis and Pains to Saginaw. 9
miles total, 45 miles. Opened January, 1873. Capital stock, $264,804.
In 1886, gross, $90,131; net, $7,848. In 1S87, gross, $99,784: net,
$23,218; int. payments, Ac, $35,680; total def. to Dec 31, *87, $85,521.
In July, '79, management was transferred to the Detroit Lans. A No.
A
A
;
.
;
St. Jobnsbury 8c Lake Cbamplaln.— Owns from LunenburgVt.,to Maquam Bay, on Lake Champlaiu, 120 miles, and branch from
No. Concord, Vt.. to East Haven, 11 miles; total, 131 miles. This was
the Portland A Ogdensburg, Vermont Division, and was reorganized
under present title In 1880. Preferred stock, $1,298,500; common stock,
$2,550,000; par $50. In March, 1884. voted to issue the consolidated
bonds, of whioh $600,000 are reserved to take up Its first mortgage
bonds. Operated by Boston & Lowell as its Vermont Division, and all
but $41,000 of the 5 per cent bonds issued are held by that company.
;
:
•
A
St. Jouppli
Grand Island.- (See Map of Un. Pac.)— Line of road
Joseph, Mo.,toGraud Island, Neb., 252 miles: Kausas City A Omaha
RR., Stromsburg to Alma, 151 miles, and MoCool June to Kansas City A
Omaha June, 41 miles; total, 447 m. This oompany was organized in
June, 1885, as successor of the St. Joseph A Western, sold in foreclosure,
and includes also the Hastings A Grand Island RR. and the bridge at
Rock Island 8c Peoria.—Owns from Rook Island, 111., to Peoria, St. Joseph. Tlie road is operated by the Union Pacilio, which
HI, 91 miles Rook Island A Mercer Co. RR., 22 miles total, 213 miles. owns $2,301,500 if the $1,600,000 stock, and guarantees the interest
The Peoria A Rock Island was sold in foreclosure April 4, 1877, on the first mortgage bonds. Notes for $500,000 were outstanding Dec.
the bondholders becoming the purchasers. In year ending June 30, 31, 1887, representing sums advanced to Kansas City Wyandotte &
1887, gross earnings were $457,606; net. $164,683; surplus over 5 per Northwestern RR. Co. Kansas City A Omaha bonds have a traffic guar,
oent dividend, $47,683; paid for construction and equipment, $33,528. from St. J. A Gr. I. and U. P. The Union Pan. owns $1,56.1,^00 bonds
Gross In 1885-86, $495,867; net, $113,008; dividend paid, 5 per cent.
and $2,035,125 of the $2,698,700 stock of the Kansas City A Omaha.
A Decatur—Owns'from Rome, Ga., to Attalla, Ala., 65 In 1886 gross earnings wore $1169,425; net, $.506,962; surplus over
miles, and under ooustrnctlonto Decatur- to be in operation early In charges, $9,172. In 1887 gross, $1,005,412; net, $337,516; deficit under
1889. The bonds were ottered in New York by Grovesteen A Pell, and charges, $30,562. James H. Benedict, President, New York. (V. 45,
when they suspended in 1887 work ceased. R T. Dorsey, of Atlanta, is p. 113; V. 45, p. 614, 673, 771. K. O. A O.; V. 47, p. 656.1
receiver.
Rec< Iver's certificates for $400,000 were issued to complete
St. Iiouls Alton 4: Terre Haute.— (See Map).— Owns main line
and equip the road, and work was re oommeneed Eugene Kelly, Preb't. from Terre Haute, Ind., to East St. Louis, 193 miles; proprietary line,
New York. (V. 46, p. 341, 438, 573, .614, 744, 857; V. 46, p. 371; v! East St. Louis to Belleville, 14 leases— Belleville A Southern Illinois
47, p. 362.)
RR., Belleville to Du Quoin, 111., 57; Belleville A Eldorado RR., from
Watertown A- Ogdensburg.— (&e .Map.)—Niagara Falls Du Quoin to Eldorado. 50; Belleville A Carondelet RR., from Uelleville
to Massena Springs. 301 miles; Lewlston Junction to Lewiston, 3*4 to East Carondelet, 17; St. Louis Southern, Plnckneyville to Carbon
miles; Syracuse to Pulaski, 37 miles; Richland to Rome, 41 miles- dale, III., 33; Carbondale A Shawneetown, Carbondale to Marion, 18;
Watertown Junction to Cane Vincent. 24 miles; DeKalb .lunotion to total, 381 miles, of whi3h the oompany operates only 188 miles, the
Ogdensburg, 19 miles; Rochester to Windsor Beaoh, 7 miles- Wood- main line, 193 miles, having been leased Nov. 1, 1882, to the new Inward's to Oswego, 29 miles Utioa to Ogdensburg, 134 miles; Carthage dianap, A St. L. Railway and the Cleve. Col. Cin. A Indianapolis
This company was a reorganization, Feb. 18, 1861, of the
to Sackitts Harbor, 30 miles
Theresa Junction to Clayton. 16 miles- jointly.
total, 642 miles.
Terre Haute Alton A St. Louis RR.
The Bellev. A So. Illinois is leased to this company for 999 years from
The R. W. A O. was a consolidation Oct., 1861, of the Watertown A
Rome and the Potsdam A Watertown railroads. The Lake Ontario Shore Oct. 1, 1866; and the Beilev & Carondelet for 983 years from June.
Railroad was acquired January 15, 1875; the Syracuse Northern, Aug. 1833, at a rental of $30,000 per year, whioh is a guarantee of int. on
the bonds, the stock of $500,000 being owned by the St. Louis A. A T. H.
1, 1875. The Oswego A Rome was leased January 1, 1866, at 8 per oent
on stock and interest on bonds. The Niagara Falls Brunch road was The Belleville A Eldorado was leased for 985 years from July 1, 1880,
leased Nov. 1, 1881, at 7 per cent on Its stock of $250,000.
There are at a rental of 30 per cent ot the gross earns., but $15,400 per year
also outstanding $100,000 Oswego RR. bridge 6 p. c. bonds, due 1915
guaranteed. The St. Louis Southern RR. and Carb. A Shawnee. RR. are
Tne utica A Black River road and branches were leased In April, leased for 980 years for 30 per cent of gross earnings, int. on 1st mort.
1886, the R. W. A O. guaranteeing fixed oharges and 7 per oent per being guar. The Chicago St. Louis A Palucah road, under construcannum on the stock, a majority of which it holds.
tion, Is leased for 980 years at 30 per cent of gross earnings, with
In April, 1886, the Inoome bonds were offered an exohange of 40 per guarantee of rental to pay 1st mortgage Interest.
eent In the 5 per cent consol. mort., due 1922, and 60 per cent in stock,
The rent received for main Hue is $450,000, unless the gross earnings
and the bonds have been about all exchanged.
exceed $1,750,000 in any year ending Oct. 31, and then 20 per oent is
F, u 0,
1887 '*°
1888
(11 mgs.). gross earnings, Including to be paid of the excess of gross earnings over $1,750,000.
t* e £!
'oV
K VB I 61? *2g*h
Deo. 31, 1887, sinking fnrid held of the first mortgage bonds $636,000
670 »K aln »2,807,3«8 In 1886-7; net,
•i
o?^2«« against
<P/:,y,'
•1,?8.<,*59.
(included a^ove) and $478,936 cash. The preferred stock has a prior
!*1,241,408.
Fiscal year nds Sei t. 30. Report for 1886-7 in V.
45, p. 886. Earn- right to a cumulative dividend of 7 per ceut before any Is declared on
ings were us follows:
common. It is also convertible into common at par; but shall not receive any dividend as com. stock for the time it was held as preferred.
1885-6.
___
1886-7.
Gross earnings
The annual report for 1887 was In V. 46, p. 707.
$2,406,793
$3,138,447
The Cairo Short Line Division, which iuoludes the roads directly oper$941,244
$1,319,840
I-t.lHS'.'T^^Vil-i:
Interest and rentals
ated by this company, makes the following exhibit
$693,480
$»19;551
DlVI.1ei.dS.
EARNINGS. EXPENSES AND RENT OF LEASED LINES.
276,825
1886.
1887.
1S85.
ot »! --:
$(93,480
$1,196,376
J
Gross earnings
$766,316
$962,480
$803,991
Surplus for year
$247,764
$123,464 Operating expenses and taxes
521.079
397,347
408,896
A
St.
;
;
Rome
;
Rome
;
;
'
';
«
1
'
.
-.
ift'&W^ftJB'
° 09,
M
°'
—
886i v>46
'
p40: V46 p
-
'
w8
1"' vt
- to Biirtlngton, vt., 120 mThu"^.
h1:"^D,lfrom>.BeUo
many changes. It was leased to the Cent. Vt.
ErKi? .™7 o2 through
1 but the
le88ee became Insolvent, and finally a
£33te.?<
-f.t
t"*"
i
modification of the lease was made, giving
$250,000 per year as a mlni,
'
,,
J!i
'
'
'
J™
Net earnings
Rent leased roads
Not revenue
-(V. 48, p. 166, 273; V. 46,
p. 537,
$368,969
203,381
$395,095
214,482
$441,401
255,883
$165,587
707.)
$180,613
$185,518
NovureER,
188*.]
RAILROAD STOCKS AND BONDS.
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RAILROAD.
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November,
RAILROAD STOCKS AND1 BONDS.
1888.]
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ST.LOITIS,
.KANSAS & TEXAS
RAILWAY.
^^
'
.
INVESTORS' SUPPLEMENT.
113
[Vol. XLVII.
Subscribers will confer a great favor by giving Immediate notice ol any error discovered In these Tables.
Bonds— PrinolINTEREST OR DIVIDENDS.
DESCRIPTION.
Due.
Miles Date 8lzc, or
Amount Rate perl When Where Payable, and by pal.When
Stocks— Last
Pal
of
Outstanding
For explanation of oolumiTheadlngB, Ac, see notes of
Whom.
Dividend.
Payable
Cent.
Value.
Bonds
Road.
tables.
of
page
first
on
& Texas— (Conti wed) rem), g.. ($13,000 p. m.)...o« 733
161
Cairo—
1st mort.. Int. guar., M. A O. g..O
St. Iiouu 4
60
Bt- Louis if Chicago.— Old 1st mortgage
70
<$:o,ooo
Consol. mort.. g.
P-tn-l-n-jsfvavjxS.
RR A Coal Co.jolm mort 2d on *R. ($1,000,000)
85
($600,000)....
mortgage
1st
Hannibal—
St Louis it
1.451
tt. lxmis <t San trancisco.—Stock, common
Louis Arkansas
May 1, 1936
See remarks.
A A.
A J N. Y., Farmers' L. A Tr. Jan. 1. 1931
A J. N.Y..F.C. HollinsACo. July 1. 1915
April 1, 1927
do
do
6g. J. A J.
Nil.
New York.
May 1, 1928
6 g. M. A N.
1936
370.000
7
J. A J. N. Y. National CityBk
ll,8.i9.300
100
2>«
9,768.400
A.
O
Broad
100
A
N.
Y.
Office
15
8t. Oot. 31, 1888
....
1,451
cumulative
not
cent,
Preferred, 7 per
4,500,000
F. A A.
Au*. 10, 1888
100
3^,
do
do
lit preferred, 7 per cent, not cumulative
500,000
Not. 1. 1906
do
6g. M. A N.
do
294 1876 100 Ac
2d mort. (now lstt.A, gold (Paelfli to Sene -a,
2,766,500
M.
A
N.
Nov. 1, 1906
6 g.
do
do
do B, gold V Mo., and branches), 294 1876 500 Ac
do
2,400.000
M.
N.
Not. 1. 1906
500
Ac
6g.
A
do
do
1876
294
miles.
294
gold
C,
do
)
do
June 1. 1895
533,000
do
1,000
7g. J. A D.
do
1880
Equip, mort., gold, $80,000 dr. ann'lly. at 105 o*
1,0S0,000
F. A A.
do
Aug.
1, 1919
1,000
6g.
do
1879
105
dr.
S2
yrly
at
$.i,«00
West.RR.K.
Mo.A
lot m. on
1,213,000
6
F. A A.
Aug., 1920
1,000
do
do
104 1880
Collateral trust bonds, gold, sink. fd. not drawn
1919
2.000,000
6
M.
A
S.
do
do
Sept..
1879
145
gold.
guar...
mort.
West
1st
Wichita
A
Bt. I-oiils
20.042,000 5 A 6 g. J. A J.
1,000
do
do
July 1 1931
Gen. M., g.(2don 330 miles) ($7,727,000 are 6s)c* 3«G 1881
1987
1.090.000
A.
A
do
Ooi
1,000
5
O.
do
1,
1887
g.
55
mlle)^gald,o*
per
(WO.OOO
on
br'ches
Oollat.Tr.M.
2-0,000
A.A0.5p.c.ea.
do
6g. A. A O.
do
1884
Equipment Trust ($23,000 due each A. A O
744,000
1916
1,000
A
J
do
do
Jan.
1,
<$12,0o0
1886
6g.
J.
62
1'
p.m.)C
C.A8.W.,lstM.,g..red.at
Kan.
1,000
732,000
eg- M. A H.
do
do
Sept. 1, 1916
48. 1886
St, L. Kan. A 8. W„ 1st M„ g.. guar. ($15,000 p. m.)
1910
475.000
A.
A
April
I,
1885
1.000
6g.
O.
do
do
u5
at
ituar.
g.drn
1st
m.
Ft. *. A Van Bur.B'dire.
1,01)11
810,000
do
do
Deo. 1, 1936
5 g. J. A D.
54 1886
St.I..S.ilem A Ark., 1st M., guar..redeem.at 105 .0*
1937
1.000
1,6)8.000
A
D.
do
June
1887
4
J.
do
1,
g.
guar,
c'
107
Int.
p.m..
Kau. Midl'd. 1st M., g., $15,000
l.ooo
1,899,000
7
J. A J. N. Y., Central Trust Co.
Jan. 1. 1897
guar.
158 1867
gt. Louis Vandalia it Terre Haute— 1st M. s.
1.000
2.600.000
7
M. A N. N. Y., Third Nat. Bk.
May 1. 1898
158 1868
2d mort., sink, fund ($1,600,000 guar.)
100
5.376.970
23
J. A J. N. Y., Fourth Nat. Bk. July 5, 1888
3Hi
St. Paul it Out k (A— Preferred 7 p. o. stock A scrip.
100
4,6 10,207 3 A 15 St
do
do
July 5, 1887
23)
Common stock
1.000
1,000.000
5
F. A A. N.Y.. Central Trust Co. Aug. 1, 1931
167 1881
c*
1st mort. bonds
1'.7
1,000
A.
A
N.Y.,
First
1887
5
O.
Nat.
Bank.
Oct.
1, 1917
o*
(?)
2>1 mortg. for $2 000,000
1.000
210,000
6
J. A J. |N. V., Central Trust Co. Jan. 1, 1914
21 1K84
Taylor's Falls A Lake 8up..lstm.,gu..8.f not dr.c*
l.ono
*00.O00
drawn
25
1886
1.1916
c
5
M.
A
8
do
Sept.
s.f.
not,
do
«ruar..
st.
cnm.
Dulnth S'mrf I.
Birds
from
Paciflo
road
1870.
The
Atlantlo
lands
were
Road
Oct.
A
Pacific,
road
and
[See
25,
Texas.—
Map.)—
St. Louis Arkansas A
Point, Mo., opposite Cairo, 111., to Texarkana, Tex., 418 miles, and sola in foreclosure Sept. 8, 1876, and the St. Louis A San Francisco
723
neoame
main
line.
possessor
of
the
property.
miles
total,
Uatesvllle,
305
thence by the Texas roa to
This company is jointly interested In the Atlantic & Pacific RR- with
miles; branches. Paw Paw Junction to New Madrid, 6 miles; McNeil
Tyler to Lufkin. in the Atch. Top. A Santa Fe, and guarantees one-half the 1st mortgage
to Magnolia, 7 miles; Sherman branch, 115 mil
Texas. 90 miles: Corsieana to Hillshoro, Tex., 45 m.; Commerce to Fort bonds severally, not jointly.
In January, 1836, leiseil for 99 years the Kansas City A SouthwestWorth, 107 in.; Lewlsvllle, Ark., to Shrevepoit. La., r>6 m.; Althelmer to
St.
2d
(Inc. till '89, see
,
1886
1886
1885
1887
1888
1886
$1,000 $15,922,000
500 Ac.
4,000,001)
500,000
900,000
1,000
1,000
1,010
1,000
6g.
4g.
J.
6
J.
F.
,
i
.
.
,
)
1
f.
1)
.
1
1
I
;
-a;
Rock. Ark. 46 m total. Jan ,'88, 1,206 m. An extension, called
the Maiden branch, has been made to Delta on the St. Louis Iron Mountain A fouihern, by which road St. Louis Is reached.
The road In Texas was foreThe road was opened In 1883.
Ihfc Missouri A Arkansas Division was
closed December 1, 1885.
sold on Feb. 27, 1886. The present organization, wniou was formed in
18*6 after the foreclosure of the Texas A St. Louis, consists of two
corporations, the one owning the road in Missouri and Arkansas and
the other the road in Texas. The stock issued by the Missouri and Arkansas Company was transferred to the Texas Company, whloh latter
has issued its own stock for the same. Till 189 1 the control of the entire road is to be vested in the committee, and for this purpose the stock
For stock so deposited negotiable
Is deposited with a trust company.
certificates are Issued, and designated as "stock trust certificates."
See plan of reonfaoiz ttlon in editorial ft Supplement, Oct., 1885.
The first mortgage bonds are i.-s nil at $13,000 pr mile, seconds at
$13,000, and stock at $13,000. In Oct, 18-8. the company needed
money, owing to the lar.'e expenditure for improvements, and over
fP.OuO.OOO of second mort bonds were sold to Jay Gould and Russell
age for alio it $'2,000,000 cash (V.47, p. 402), and they were given three
of the five controlling trustees, who are now Messrs. Russell Sage,
George .ould. Louis Fitzgerald, George Coppell and N. Gernsheim.
The st mortgages of the oompanlcs in Missouri and Arkansas and in
Texas are deposited with the Central Trust Co. and the 2d mortgages on
both divisions with the Mercantile Trust Co., and eaohof these trust com
panics lias issued against these mortgages so held Its coupon trust cer.
tlHcates for $1,000 ea«h. See mortgage abstracts in Chronicle, V. 45,
p. 614. Supplementary mortgages extend lien to various branchos.
The first coupon on the 7d mort. bonds (for three months interest
only) is payable Aui;. 1, 1^89 but this ooupon is stamped on the bonds
the same as its predecessors, • payable if earned " Stock $15,356,000.
There are ear trusts payable at the Farmers' Loan A Trust Co.
Report lor 1887 was in CHRONICLE, V. 46, p. 801. Gross earnings In
1887 were $2,670,531; net over expenses and taxes, $764,738. (V. 46,
p. 76. 191, 353, 418, 471, 574, blO, 801; V. 47, p. 22, 188, 382, 383,
402,432.)
la A Cairo.— Tlilsroad extends from Cairo to East St. Louis,
St. I
152 miles, with a branoh to High Prairie, 9 miles. The former Cairo A
Bt. I/ouls made default April 1, 1874, and was sold in foreclosure July.
1881. Stock Is $6,500,000. In Jan.. 1886, a lease was negotiated till
Jan. 1 1 931 to the Mobile A Ohio RR. on the basis of a rental of 25 per
cent <: 5°64() ) of the gross revenue of the whole line, MoMle to St. lxmis,
this rental being guaranteed by the lessee to amount to $1 65,000 per
year. The issue of $2,6i i(),000 income bonds was retired with part of the
$4,000,000 mortg. bonds. Interest on which Is guaranteed by the M. A O.
St. Louis
Chicago.— (See Map)— Owns from Sprinefleld to Litchfield, 111.. 50 m., ami branch to Mount Olive coal fields, 10 m.; other
branches 10 m.; total, 70 mi; under construction to Eureka. 111., to a
Junction with the n»w Atch. line. From Litchfield to St. Louis trains
run over the C. C. C. A I. tracks 57 m., under a traffic agreement. Total
operated, 127 m. The mortg. made In 1887 (Prm-tee, Am. Loan A Tr.
Co., of N. T.) was for $4,500,000, providing for an extension to Joliet,
HI., and for the ntirement of the old bonis of 1885. In 1888 the
mortgage for $1,000,000, covering 3,000 acres or coal land, was made
Jointly with the Mt. Olive c.ui.sn idmed Coal A Coke Co., whose stock of
$1,000,000 Is owned by the railroad. Stock: Common, $1,200,000;
preferred. $1,200,000, (V.45,p 705 ; V. 46, p. 255, 290; V. 47 p. 109.)
St. I.oulx A Hannibal.— Owns from Hannibal, Mo., to Uilmore.oii
Wabash St. I,oid8 A Pacific, 82 miles; uses 2ig miles Missouri Pacific
track; total operated, 84 •« miles. This company is successor to the
former 8t. Louis Han A Keokuk, sold in foreclosure Dec. 8. 1885. The
£rinclpnl owners were Mr. John I Blair and the estate of Moses Taylor
New York, who became the purchasers. Stock is $1,000,000 au horlzed and $452,000 Issued; par. #100. Gross earnings in 1887, $144,681; net, $32,325; curphis over Interest, $591. Gr.iss earnings In 1886
were $171,367; net, $<0.130: surplus over Interest, $4,230. John I.
Blair, President
Nolarei formation. (V. 46, p. 413.1
St. Louis
San Francisco.— (See Maw.)— Link of Road—St.
Louls.Mo., to Seneca, 326 miles; Orouogo, Mo., to Galena, 13 miles
Olrard to Joplin, Kan 38 miles; Pierce City to Wichita Kan., 217 in.;
Mimett. Mo., to Paris, Tex., 303 m.: Springfl'd to Chadwick. Mo., 35 m.;
Springfield to Bolivar, Mo.. 39 m.; Fayettcvilie, Ark., to St. Paul, Ark.
SSm.x Jensen to vlansfleld. Aik., 13 m.: small brandies, 17 in.; total
owned Dec. 31,1887, 1.04tml!es. Leases, Cuba June.t'n to Salem and
branches, 54 m.; Beaumont to An'hony, Kan., 117 miles; branch
2
Miles Wichita to Kl fworth, 107 miles; total owned and leased
1 324
,
, ', t^ll< kf, " f 'he Atchison
Topeka A Santa Fe are used from Wi
ii. I
, ,
chita
to Halstead,
Kansas. 25 miles, and operates tho finished portion of
the Atlantic A Pacific road. Central Division, from Seneca.
Mo., to 8apulps. In the Indian Territory. 112 miles; total operated,
1,451 miles.
Osoahizatioh, Ac—This company was organised Sept. 20, 187H. as
successor to the Atlantic A Pacific in Mo. The latter embraced
the South
1*. (origlnftlly the Southwest
Branch of the Pacific RR. of Mo.,
iT'll 5, Dec.
Charteied
25, 1852), which was consolidated with the Atlantic A
Little
;
i
.
.
A
I
ern RR., from Beaumont, Butler County, Kansas, to Cale, in Cowley
County. 62 miles, at a rental guaranteed to pay the Interest on the 1st
mortgaee bonds. The bonis are redeemable on notice at 110. The stock
ofihe8t. L. K.A8.W. (Ark. City to Caldwell, Kan., 47 m.) is owned and
the bonds guaranteed.
Kansas Midland R'way, Wichita, Kans., to a junction with Union Pao.
RR at Elisworth, 107 miles) was leased for 97 years from Jan. 30,
lt<88, at a rental guaranteed to meet interest on bonds.
Stocks and Bonds.—The first preferred stock has prior right to 7 per
oent (non-oumuHtive) then prei. entitled to 7 per cent then common
entitled to 7; then all classes share in any surplus.
The terms of
the first preferred stock arc stated as follows: "This stook Is entitled
to a dividend of 7 per cent per annum * * * and by resolution of the
company has priority of lien on net revenues for such dividend over any
mortgage bond that may be Issued by the oompany subsequent to the
;
creatiou of this stock."
Dividends have been on first preferred stook in 1881 and since at 7
per cent per annum and on preferred in 1887 2 1s per cent; in 1888. 5.
The range of the stocks yearly since 1877 has been First preferred in
1878 (4 months), 5ia@ll%; in 1879, 9%378>a; in 1880. 603100; in
1881, 90a>115V2; in 1882, 79%3106is; In 1883, 8731001s; in 1884,
70®9(>is; In 1885, 793991*: in 1886, 9731181s; in 1857, 1079120; in
1838, to Nov. 16. inolusive 105is®116 7e.
Preferred stock in 1878, 1^3514: in 1879, 4*836012: In 1880. 33a
65: In 1881, 553811*; In 1882, 4336rj>s; in 1883, 403591s; in 1884,
24i«j®50; in 1885, 30349'8 in 1886, 37^37238; in 1887, 61 1s384is;
in 1888. to Nov. 16, inclusive, 63®743g.
Common In 1878 (3 months/, l^SHs; In 1879, 3*83>53; in 1880, 25H
®48; In 1881,39355; In 1882, 313 16 78: in 1883. 20»s336 14 in 1834,
ll>s329is; In 1885. 17i«324L,; in 1886, 17®36%; in 1837, 30»44\;
in 1H8S to Nov. 16, inclusive, 2l®36»s.
The trust bonds of 1880 are secured by deposit of 7 per cent
mortgage bonds of the auxiliary roads constructed. Difference between interest of trus'. bonds and bonds pledged therefor (1 per oent)
goes to purchase trust bonds at 105. but bonds not drawn. The general
mortgage of 1881 (supplemented by thatof June, 1832) for $30,000,000
Trust Co. as trustee, and enough reserved
is made to the U. 8.
to take up all prior debt. This general mortgage Is a first lien on new
road, besides covering the mileage on which are the prior liens.
The collateral trust bonds of 1887 (Union Trust Co., Trustee) are for
$50,000,000. at $20,00 J per mile, and are secured by deposit with the
trustee of an equal amount of first mortgage bonds of branch lines.
Missouri & Western bonds to the amount of $5,000 a year are purchased or drawn at 105. St. Lous Wich. A West, bonds are purchased
or drawn at 105 with any surplus rental over Interest.
The St. L. Kau A So. Western bonds are issued at $15,000 per mile, and
are redeemable at 110 on any interest day, at four weeks' notice.
The Fort Smith A Van Huron Bridge bonds are guaranteed by the St.
L. A S. F. Co., and have a sinking fund of 5 per cent yearly after 1839
to draw the bonds at 105; they are all redeemable at 110 at co.'s option. The land department assets were estimated Dec. 31, 1887, at
$718,608, including 133,003 acres of land valued at $369,572, 1,156
town lots val'd at 43,928, $200,621 in land contr'cts and $104,486 cash.
The ^t. L. Salem A Arkansas first mort. bonds (guar, absolutely by
St. L. A San F.) are issued at $15,000 per mile, and are redeem, on
notice at 105. Kansas Midland first mort. bonds are at $15,000 per
mile, and Interest is guar, under lease of 97 years by St. L. A San F.
Operations, Finances, Ac—The St. Louis A San Francisco has been
one of the successful reorganized railroads of the Southwest, and has
made good progress in trafflo and Income, without very heavily increasing its annual interest charges.
The annual report for 1887 was in V. 46, p. 603 and 615.
From Jan. 1 to June 30, iu 1888 (6 mos.), gross earnings were $2,520,836, against $2,728,904 In 1887; net, $979,803, against $1,513,288.
;
:
;
;
INCOME ACCOUNT.
1884.
•
.
•
1887.
a
$
4,874,628
2,652,332
159,619
6,229,344
3,247 477
190,332
Total net income
Disbursements —
2,523,054
2,453,444
2,811,951
3,437,809
A rents
1,826,203
1,950,323
2,219,901
Dividends
Rate of dividends..
315,000
1,751,215
315,000
315,000
565,000
$
7
7
242
.Miscellaneous
4,732
7
7*
5,974
Total dlsbursem'ts
2,141,445
2,070,947
2,784,901
2,271,297
Balance, surplus.
381,609
652,908
382,497
510,654
* Ana yiq per cent on pref.
—(V. 45. p. 54, 793; V. 46, p. 40, 76, 134, 255, 449, 481, 608, 610, 61 5,
621, 739, 771; V. 47. p. 81, 161, 395, 694.)
.
1
1886.
$
4,383,406
2,433,662
19.782
Int.. sink. fd.
;
1885.
4,613,596
2,508,218
14,830
Receipts—
Gross earnings
Net earnings
Other receipts
A
ll
;
—
November,
KA1LKOAD STOCKS AND BOND.
1«8?.]
^^"^
RAILWAY
AND
"^Belvider* "*"«
Rockford
LOUIS & CHICAGO
ST.
113
.
A \«T.
M.
CM|.
P.
DavUJc.
Holconib*
ITS CONNECTIONS.
——*^_\Sjcainoro
Maiciatum
.(;.[
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lkWil/,ii,.
°kf)ft
Wp «&
?Ft~r—T-l s^i'"»" V»
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I
»X
xirlaLf
.
l
F
>n Jc.
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iTo/rtrt
«" Aft'onkt Jr. NJ-
III.
f
HHlk
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wJ
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t
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.
#*<^W1
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Alvln
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—
SP^lNGFtELD^W^J^T
OS.
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114
INYESTOKS'
SUPPLEMENT.
[Vol.
XLVII.
n
November,
o.
RAILROAD STOCKS AND BONDS.
1888. J
Sibwrlben
"
..
Immediate notice of any error discovered In these Tables.
BotuU— Print. 1INTERE8T OR DIVIDENDS
Bus, or
pal, When Due.
Amount
will confer a croat faror by ctrlus
DESCRIPTION.
Par
For explanation of column headings, Ac., see notes
on first page of tables.
.
.
140.000
i
1888
1,
A
Terre Haute.-Owns from East St.
M. Louis Vaudalla
Louis to Indiana State line. 158 miles. Road opened July 1. l-7<\
It Is leased to the Terre Haute A Indianapolis Railroad at a rental
at SO per eeat of (Toss earnings. In July, 1887, suit was brought by
the lessor company to declare the lease void, bnt Judge Grasham
decllad In faror of Its validity, and the ease has be n appealed
The flrrt mortgage and $1,000,000
ta the U. B. Supreme Court.
of second mortgage bonds are guaranteed by the lessees and also
gthe Plttab. Cln. A St. L. RR. The stock la $2,379,358 common and
c544.70o pn-f. In year ending October 31. 1887, gross earnings were
,7574)04; net. 8*44.922: rental to St. L. Van. AT. U .$,527,111. le«s
In l-tv
pmnt to lessee
ebargee $343,614. leaving surplus $l63.4i7
1886-7 p-oBt $1 17.821. Thos. D Messier. Pre* Pittswas $33.6*7:
burg. Pa. (V. 4.5. p 45. >:>. 113. 540. •>:,:. V. l< ;, p. T6, 13$. 1
A
A
M. A
A, A
J. A
A
6
2>a
283,000
5:i.noo
7
7
Minn.. 155 miles brain bes, 12 miles; leases: Stillwater A tt. Paul RR,
1$ m. (for 9J years); Minneapolis A Duluth RK., 13 in. (for 99 years
1hh:(i. Taylor's Palls A Lake Superior. 21 miles; Grant*
burg Branch. 17 m.; total, 231 miles. Between North. Pacific Junction
andDntatb. 34 miles, the road U owned Jointly with the No. Pacific.
Short Una rosd from Thomson b> Dulu:b. 35 mi.es. Is
lease.) r..r •.••• resr.. .n
ih* HOOuOOO boadi guaranteed.
;
,
July. 1897
J.
J.
:
A
arnlngs
toeara.
$
8.028.448
3.813,(152
4,314,8. )5
9,561,905
4,669,987
1.084
4,266,237
52- »3
48 l i
IXCOKJC AC'
1884-85.
1885-88.
3,713,553
53-74
4,891,918
56-68
SreeipU—
*
$
sTelearulngs
4,266,237
131.292
66.284
3,481.034
4,463.813
Other reoelpts
2,648
$
7.321.788
taxes
P.c, of op ex.
1 887-88.
1.935
$
Gross earnings
Oper. eip.
1-3. ,.-7.
385 36.
1.5(19
..p,.rut.,t
Rer.fromL'ndDep't
I'
1888
1909
1,
Jan
B. Plant. ABavan
N.
O.
1
Miles
.
Paul, Minn.. to
N.V.n
and Interest by the St, P. M. AM. Co.. which owns the M. C. stook. Fiscal
year ends June 30. Report for 1887-33 in V. 47, p 497.
,
m
J.
J.
Fob.
do
do
May 1, 1899
do
do
April 1, 1934
NY.. HB.UolllnsACo. Jan. 1. 1911
do
do
Jan., 1914
• s Del. A Hud. Canal Co. Soot. 1. 1924
.V
J Phll.Offi'e. 407 Library. July 13. 1888
A J. Leal paid July. 1834. Jan. 1. 1896
A <) Last ptiid April, 1884. April 1, 1894
A J. Last paid July, 1884. July 1. 1910
7
7
1923
1928
N. Y. Agency. Moss N. Bk.,8and'ky.O.
N. Y.. Union Trust Co.
1
J.
J.
6
6
e
l.'J'M.IHS)
>
Feb.
7
7
2.300,000
1.730,500
BfMvOOO
3.1U.OO.I
800,000
200,000
500,000
576,050
BehuylkUl Vol.—Stock. 5 p.... (roar 99»yrs.. Ph.AK.
Fa ff ay 1st sort. (s. fund *l3.ooo per year!
(sinking fond, $3,000 per year)
MAN.
s*
1,068381
So.Us.AFlor .1st and Sd Ma, (9300,000 are 2d Mi
•*
Bar. Pie, A W, 1st mortgage
ahmnaoA* Wrtlrm— Columbus A Weet'n mortgage.
Columbus A Rome 1st mo-tgage
BcAtnteUidy 4 Duammmurg 1st M.. guar. D. A B.o*
Panl A Dulutta. iJXtor Ro»o.—8t
Not.
St.
'
m
Am Mrs
Induty MantfleUtd .VsworJc-Re-onrantied stock
1st M..g.lut.gu. under lease by B.AO.andCent.O.C*
ssmum* Florida * We*. -At. A O. eonsoL mort.
at.
Wall
J.
J.
!«
*
<?•
.
Ma
Dividend.
do
A J.
do
July 1,1892
A J. New York and London July 1, 1909
do
(In
£000,000
A. A O.
Oct. 1, 1909
§
5,676,000
M. A N.
N. Y., 40 Wall 8t.
Nov. 1, 1910
6
25.444,000 4»i A 6 g. J. A J.
do
do
July I, 1933
7,000 000
4 g. J. A D
do
June 1, 1937
do
8.000,000
5 g. F. A A.
do
An- 1, 1898
do
2,150.000
.lulv 1, 1922
do
do
6g. J. A J.
^,500.000
Bo,t
New
York
n,
Avril
A.
A
O
and
1, 1908
s
2
4,50.1,000
6 g. J. A J. New York. 40 Wall ft
July 1, 1937
5,000,000
I'D
Q-J N.Y.Otnce. 118 Liberty. O't. 20,1838
F. A A. N.Y., Winslow, L. A i.o. Feb. 1, 1923
4-ls.lHRI
do
I* M. A N.
do
May 1, 1907
1,750,000
J. A J. N.Y..S.M SweusonASon Jan. 1, 1916
2,598,000
J. A J.
do
do
July 1, 1926
1st M..g.. Montana Div. ($25.000p. m.) ... o-.tr
Collateral trust bonis, g , redeemable at par. ..
gold.gnar.($3.00O.000i
Mlnncau In. RK.. 1st
East, of Minn.. 1st
.. g , gu. (*>5o,000p. m.) c**r
Montana (en.. 1st M.. -.. t*l<>.0oop. m ). guar. o*r
m. Paul* No.Pue. -Stock ($10,000.00 i authorized)
Sen. M.,guar. Id gr..($10.uOO.00i ) re* Q.-K.C** r
West'rn RK.. Minn. .1st M 1: K. covered by Geu.M.
Antonio * annuo* Post- 1st mort., gold
1st M..ex.. Kid. (f 12.000 p. m.). lel.-eni. at 110..
3d mort. Income for 5 rears, $8,000 per mile .
Lot .1 socles 4 Utah 1st M.. •20.000 p.
M
New York, 40
Q.-F.
l«e
7
36(1.000
>1.000
4.''.
it.. '.st mort.. gold (*r.'.o»»i |vr mile)
inort.,gi .Id ($1 3.344.000 are 6s) . cp. or reg.
M
Whom.
Payable
Cent.
$20,000,000
Where Payable, and by Stocks— Last
Mt When
Rati'
Outstanding
rains,
ML Paul Mtiuuapoht d Va itooo—8tock
St. P. A Pac.. 2d M. (1st on St. Paul to Watabi. ..
c"
1st mort. land grant sink. fd..g. drawn at 105..
c'
U. (fold (do not corer lands)
i
115
1836-87.
1887-88.
$
•
350,114
171,118
3.713,553
41 "
511,147
4,891,918
271.938
450.759
4,004.314
4,643.782
5,914,615
'
Total Income...
Disaa rsssis ats
(nt-rr-lon debt....
IMvldends
I
.
1
M
•
I
1
1-^7.
1-irt.
from oaaratloa of railroad
utarsat oa boads
$608,786
50.000
*.
rallrot.1
$o3S,TM
$142,880
T per eaa« sa •Trr^rrad stoik
S per cent os common stock
$171,766
$:
stathasiaii
bmm
5O.O00
Hoiking fund
Imn'ts A renewal
thdi—l
f
I
ii
'
'
in
JUl. 321,
3"
3.549.934
451.330
4,386.191
257.591
5,015.689
.
afo»).-Owna from
'.
>
BBM
I
It
'-olid.
'
(tVBCBBtasd
:i
A
and branch. I02 m.
in
t
t
•'artn.-rs'
bi
AT
I.
Norma
(.'>
tile
.
Panlfle
n
N
of
.
I •
•
Yoikiim
I
The
*>s Ponl
rtgage of 138
to
in
V. la t:u-t«
inx J"
plus over II
(V I
p. 3Jl.
tMitli
;
to
hi
i
mori gages.
$
Sandusky
Newark. O-
V.
17. p.
naiisflcld
In-
and Gaul Manager.
ea't
U-;
i
irovldes for the ls,ue
srmsrs' L. ATr. Co.,
f Is; mort. on cxten3,617,200. In v.-ur snd.
t. -p:77,i46j
sur-
-
.
extends from
Corpus Christ!
in K
150 miles from
hkldmen
1
A Newark.— Owns
not
\
116 or;.1869, toCentr
from Snnduskv.
O..
to
Brreral roads
in 1856.
deed l.yBaltlmoie
i
im; to Deoember
renew for terms
laemalcF-'
i;
is
oi 183
Ih
ma.
Alo.tra
gross earnings were
9
K) m.;
B«y. while Ui M
.lists
*) 2.k<0 p<r liHle
1.
mile*;
stock
I'll-
power to vote being held
Aransas Pass.
:
45J miles.
il
;, .1!
St.
Minneapolis to Hinckley via St- Cloud. 132
m. Kik River to Mllaca, 32 m..
in.; Sank Centre to Eagle Band, 36 ml
»<»..
lean Ritd Is. If miles; Cns.k-ton June to «.re:it Falls,
I'ark. 6
Bhtrley to as. Hllalre. 22 miles; Wayzata
nm to Brown's Valley. 17 mll.«: Mr c*
I
497,
A
i
803; V. 47,
413 m.
on. B
598.926
47, p. 327. 370. 382,
.
Paul Northern Paclfle.— Line of road Bralnerd to Minneap-' Paul, 13 mlhs; total, 152 miles.
olis, lot) miles, and tint
company
was for
.'St.
This
KB. Co. of Minnesota. Owns
terminal*, in Mlniiespnlls on 20 acres, and owns in all some 400 acres
tiln.eaoolts.
The
about 8u Pau and
land grant of 210,000 acres is be
tween Bralnenl and Sauk R iplds prooeed i of 'auds are first applied to
pun-hast
Tuort at 120 or under. The
road, wltn ih miniai I pr.i|M-ity. Is leased for 999 year- to tin- Northern
Pac. at a n.-t rental e< ual to 40 p. e. of the gross receipts, hut any stir
" ween lessor and
plusov.
Mt.
Li
ridge,
6
271.938
750,000
5031.
Nan Antonio
'.
I
A IsnlloksH*"
6
415,732
600,000
3,411,492
Tot. dlsburae'ta..
4
ninnrapolls
8
350,114
6>s
131,292
fd.
Balance, surp. .- ..
1.05SJ331
-(V. 46. p. 131. 191. 22s, 155,
-
S163.057
r
*
2,793.751
1.200,000
icrn Par. Co.. hut " heueliclal eertlfloatea" entitling bidders to
dividends are Issued. (V. 44. p. 23,90; V. 4.5. p. 401. 433; V. 46. p. 75.)
...
sur.
ml
$
2.170.409
1,200,000
1300,000
planed In trust with
Balaace
$
1.999,830
1.200.000
lend....
i
A
Mississippi KK. was sold In foreclosure Mar 1,
IhlBartur
is 37.
The preferred stock la
1S77. and this eompai.
received la payment for lauds at par. rbree shares of common stock
aare one rote and each share of preferred baa one rote, rv
stock has a prior right
A dividend of $ par ct. la rash and 15 per cent la eoiuui >u stock was
paid on summon stork In July, Tis7. The 2d uiort. covers the right to
L.«.e.|
n-a. hit not l.'u !.. d -•
The company has a land grout, of which 1.11
aaUDee. 31. I»87. an I 63.5 »1 acres ot the Taylors Falls br.t
net l aualfla from land aad stampage sales amounted to *.'
.-•:
.. lu.ciiie a..'., lii
».i. »• I.Kin.. i:mI ; ••... '
" hwproreaMats " and - tullariaiiin*" was charge.) In oper. ezpenara.
The Lake
$
1.930.200
Dsoa to Water-
.:entti! la $201,850 auuuully.
operated as Lake
Erie division of
.re A Ohto system.
In 1885 86, gross
$1,013,014: net. $;0>,711, In ..$1,080,463 net, $291,804.
nnder
the
charter
1879,
Nan Pedros Los sngeles A • tab. -In progress from Passa*ed the St. Panl A Pacific deua. via lsis Angeles to San Pedro Bay. Cnliforala, 50 miles. Stock Is
Railroad, the Bed
Jl.UO.J )>fr mile; par, $.00.
k Manitoba Railroad. The
vs. and rvipilrel the MmSaranuah Florida A Western.—Owns from Savannah, (la., to
as. The proceeds of laud Cliui t. thorn-lice. Fla. 258 miles branches— Balnhridge Junction to Balnirt. r.-mds st or un l.-r 105.
hrld-e. 9 miles; extension to Savannah wharves, 1 70 miles; Junction
-»7. vara 8flr$$2 Bens. N»Hraueli. 4 miles; Dtipont to Gainesville. US miles; Thotnasvllle to
Way-cross to Jacksonville, 75 miles; fort White,
Ilu. 30 miles; total. 515 miles.
The capital
Fla.. to
«5,925.UO(i, and dividends are paid as earned. In 1887 gross
caruiii.'s were
In 1886 gross earnings, $2,'« la
17; net, $434,741. II. B. Plant. Pres't, New York.
total
it in
operated June 30, 1838.
i
:
;
.
.
-
;
l%3121%;
>i.
n
s»t innali
t
ntral
I
A
Western.—Owns
p n
is,
-
r
R lena
k
io II |.|i i
cotistru ition from c.iliiulms to
\
\i.
'••.
1833.0ft
a
.West-
'
i.i
-
'
I.
It
.
v
1..
I"
Schenectady
i
157
i
itloiln
n«rt
ironnecna..
<o I'oanoke,
Vist i, ;:ii miles;
Mon
•
Ua
from Rlnnliig.i vii
[^uiphisi
whlaa
or
no the
Al.-X
A
Savanuali.G
II,
.
•
pi
.
U
•:.
:
,
I
l
f.i -i.
Q
in-Lca sya-
colKOl.
.,r
this
i.
(V. 17, p
Ii
i
Diianesbiirg. -From Quaker
N V
ui
i.ly.
<ou Canal
I
J
Street Junction,
to
~n).
the
116
INVESTORS'
SUPPLEMENT.
[Vol. XLVI.
November,
1888. J
RAILROAD STOCKS AND BONDS.
11,
e).
o
siii-rriii.T.
\» III
column headings. Ac, see notes
Mr explanation offirst
page of tables.
on
Seaboard * Koa'ke—Htk. ($244,200 Is prf. gua.7 p.c.)
Debentures, redeem. «i will after Aug. 1, 1916. .r
0'
1st mortgage for $2,500,000
Btaitlr Lake 8. <t East.-lm M„ it., $25,000 p. m..*0
Shamokin Hunbury <t Lcieisburg— 1st, mort., coup.
;-• »v ••;;;••
2d mortgage
Shamokin Val. <t Pottmitte—Stock, guar, by Nor.JC.
o
1st niortguge, gold, on road and lands
Shenamtimh raUey—
1st
M
;•.••;•,•;•,;•;
General mort. .nol.t (II. non $1,500.000 1st IVMids.)
3d mortgage Income bonds, registered, non-cuni..
°
e'Ar
Cartni*; oertlAratM
,-
«**»!«/«/ <i*i"r>».—l»tM.,n.(fl 5,000p.m.)
2dmort. ($10,000 p. riuili-), gold.
1st JC on lands, furnaces, Ac. Rink fd nutdr'n
Shore Line (Con h.i
mortgage
Shrmport
<f-
;
c
Houston — 1st, g.
Bterliiii:
guar, by H. E. AW.T.
mort., sinking fund, guar,
2d mortgage bonds (owned by
mort
1*
by L.
A N.)
(for $10,000,000), gold
Coast— let M., g.,guar.
(s.f.
KDN
Date
Of
of
AN
c
begins 1912).
South t'ennsi/mtnia—Stock (for$20,000,000)....
1st mortgage (for $20,000.000)
Southern Cent. (If. 2.)— Consol. mort. convertible.
-
Size, or
81
72
31
29
28
255
25*
255
Amount
per
Outstanding Rate
Cent.
Pur
Road. Bondi
Value.
$100
100 Ac.
1886
1886
18-0
1882
1884
[Vol. XLVII.
1883
1,000
1,000
1881
Whom.
Due-
and by Stock*— Lait
Dividend.
<fe
500,000
809,450
2,000,000
2,270,000
4,113,000
2,269,000
20,109
500 Ac.
"87 1886
87 1886
pal, When
Wliere Payable,
A N. Balt..Farm.A Plant. Bk. Nov. 1. 1888
Portsmouth, Va.
A A.
Aug. 2, 1916
A J. New York. Bait. A Phila. July 1, 1926
6g. F. A A, N.Y., Union Tra-t Co. Aug. 1, 1931
5
M.
N. Phila., Phil. A Read.RR. May 1, 1913
6
F. & A.
do
do
Feb. 1, 1924
3
F. A A. Philadelphla,Treasurer. All--. 1, 1888
do
July 1, 1901
& J.
do
A J. Last paid Jan., 1885. Jan. 1, 1909
|l? J.
A. & O
Last paid Oct., 1884.
April 1, 1921
1,800,0
1,000,000
50
1871
1880
When
Payable
$1,302,900 5 on com. M.
090,000
6
F.
500,000
5
J.
1,000
1.000
1,000
1,000
1,000
1,000
1,000
,T.
I*
Feb. 1
None
Jan. 1, 1923
paid.
i
1883
c'
-St'k,7>4p.ct.ient.N. Y.N.H.AH
BUcer Springe Oeala <t Out/— 1 st M, g, ($ 13,000 p.m.
South Carolina—Stock
1st mortgage, sterling loan
lstconsol mortgage (for $5,000,000)
2d ooiisol. mort gate
Income mortgi ge bonds (not cumulative)
o*
South Florida- 1st mort. ($12,000 per mllo)
So. d Xo. Alabama— 1st M.. endorsed by Alabama.
Consol.
;
router a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— Prinol
INTEREST OR DIVIDENDS.
DESCRIPTION.
S. Pacific
.
INVESTORS' SUPPLEMENT.
118
1st
)
"50
50
40
247
247
247
247
247
189
182
183
183
iio
100 Ac.
100
1880 lOOOAc.
1881
1,000
1885
1,000
100
1868 Various
1881
1,000
1881
1,000
1.000
1881
18<5
1,003
'
1870
1873
18-0
1S8G
1887
I
I
1,000
*2(V>
1.000
1,0 mi
1.000
1.30 1.000
'e"g.
865.000
eg.
1,000,00.1
6
1,000,000
200,000
4
4ifl
400,000
300.000
6g.
S*
S*
4.204.160
114,539
4,850,000
1,130,000
2.538,000
2,256,000
391.000
4.620.110
l.yeo.ooo
2,171,000
5,500,000
J.
A.
6
6
J.
6
J.
J.
A
A
A
J.
O.
J.
Yearly.
A
§* M. A
A
I* A. A
5
If.
J,
N.
O,
A
A
A.
J.
F.
A
A,
F.
14 g.
10 Wall. Jan. 1, 1 926
do
do
Jan. 1, 1926
do
do
Jan. 1, 1908
N. H., Nat. N. H. Bank, July, 1888
March, 1910
do
do
(I)
July 1, 1914
N. Y., Agency.
July 1, 1915
Feb. 1, 1883
London.
On demand.
N. Y., >8 William street. Oct. 1, 1920
do
Jan. 1, 1931
do
Jan. 1. 1931
Jan. 1, 1915
N. \'., 50 Exchange PI. Jan. 1, 1890
London, Baring Bros. May 1, 1903
N. Y.. 50 Exchange PI. April 1, 1910
N. Y., 50 Exchange pL Aug. 1, 1936
New York Office.
July 1, 1937
N. Y. Office,
J.
(?)
(»)
114
1882
I
Schuylkill Valley.— Owns from Palo Alto to Bcevesdale,
2O0,vc
P».
11 miles; branches, 8; total, 19 miles. Leased to Phila. A Reading RR
for 999 years from Sept. 1, '61, at 5 p. ct. on stock. Has no bonded debt'
Seloto Valley.—Owns from Columbus. O., to Petersburg. O, 131
miles. Stock is $2,093,350. Coupons of 1st in. »nd cons. in. due July 1,
'84, and of 2dm. due April, ls8», were purchased in iuterest of Mr.
Huntington, and are held as liens. Receiver (Jas. Robinson) wan appointed in June, 1881), on a Judgment of C. P. Huntington for $630.3or>.
Foreclosure is pending. (V\ 45, p. 673; V. 46, p. 673.) 1 here are also
$82,000 7 per nt equipment bonds.
From Jan. 1 to Sept. iO. 188k- (9 mcl, gro.8 earnings were $500,457,
In 1887
against $5: 9,699 in 1837; net, $107,333, against $139,919.
gross earnings wore $789,123; net, $203,367. (V. 47, p. 562.)
Seaboard A Roanoko-Owns from Portsmouth. Va., to Weldon,
N. C. 8 1 mile*; leases Roanoke A T. R. RR. 30 miles, and has a controilin g
Interest in the Raleigh A Gaston R t. 10. miles, and thus in the Raleigh
A Augusta Air Line 107 miles and Carolina Central 269 mil.)-: also
controls Pittsboro RR. 11 nill^s and Carthage RR. 11 miles; tota', 618
mile*. Of the stock, $1,058,700 is common, $200,000 is 1st 7 per cent
guar., and $44,200 is 2d guar. Tho debentures above are to be inol udeil
in any 2d mort. Issued. They are payable at will as a whole, or in 10
per cent instalments after Aug. 1,1916.
The Georgia Carolina A Northern, in which this company is interested, is urder construction, and has been completed from Monroe towards Chester, 8 C, 40 miles.
From March 1 to Sept. 30, 1888 (7 mos.). gross earnings wore $352,631, against $332,229 in 1887; net, $107,430, against $120,406.
In year eming February 29.1888,net earnings on road proper, 113
miles, $329,075; surplus over fixed charges, $246. '261; from which paid
dividends (10 per cent), $114,420; surplus over dividends and interest,
$131,841. Bee report in V. 46, p. 827. J. M. Robinson, Pres., Bait., Md.
.
>
3.299,800
Feb.
(1)
1923
1,
and completed to Dunellon, 34 miles. Capital stock, $1,500,000. There
is a land grant of 13,840 acres per in., of which the mortgage covers 4,000
acres perm. The proceeds of land sales up to $100,00 yearly go to retire
the bon is at 110 and accrued int. Thos. C. Hogs, President, 56 Wall8t.
South Carolina.— Owns from Charleston to Augusta, 8. C, 137 m.
branches to Columbia, 68 m., and to Camden, 38 m.; extension, 4 miles,
total main line and branches, 247 111. Default was made and the road sold
In foreclosure July 28. '81.andthecompany was reorganized. There were
on Deo. 31, '88, $178,000 old 5 per o't 1st mort. extended bonds, payable
1887 to 1-892, and $8,000 7s, due 1907, iu addition to those above.
From January 1 to June 30, 1883 (6 mos.), gross earnings were $593.703, against $532,156 in 1-87; net, $139,246, against $99,375.
The annual report for 1887 was lu the Chronicle. V. 46, p. 737.
INCOME ACCOUNT.
1884.
1885.
1887.
1886
Receipts—
$
$
Net earnings
137,404
314,869
382,724
328,156
Other receipts
22.454
30,271 _
5,814
5,880
Total net income
358,427
159,853
320,683
388,604
)
Disbursements —
.
Interest on debt
Miscellaneous
Total disbursem'ts..
Balance
— (V.
374,524
382,722
386,437
389,643
8.020
252
813
1.998
391,641
332,974
382,544
387,250
sur. 5,630 def. 24,117 def. 227,392 def. 70,958
46, p. 737; V. 47, p. 140.)
s in la Florida.— Owns from Sanford to Tampa, Fla., 115 miles;
Bartow Branch, 17 miles; Pemberton Ferry Branch, 56 miles operates Sanford to Lake Charm, 18 miles— total, 207 miles.
The road Is
pa'-t of the Savannah Florida A Western system.
.
;
South A North Alabama.— (See Jfan of Louisville <& Nashville.)— Owns from Decatur. Ala., to Montgomery, Ala., 182 miles,
—(V. 43, p. 539, 678, 827.)
with a branch of 6 miles from Elmore to "Wetumpka. The road is
Seattle Lake Shore A Eastern.— (See Map.)— Main line com controlled by the Louisville A Nashville RR. Company, which t>wns a
Sleted from Seattle to Raging River, 52 miles. The North era bran oh from majority of the stock and all of the second mortgage bonds, $1,960,000,
nohomish Junction to a connection with the Can. Pacific Is in progress; due 1910, which are pledged with the Union Trust Co. as security for the
14 miles of this branch to Snohomish are completed and in operation. Louisville A Nashv. bonds, dated June 1, '80. Common stock, $1,469,082
Other branches, 6 miles. Total completed mileage, 72 miles. The whole pref. stock, $2,000,000 (all pledged under Louis. A Nash, collas.
main line. Seattle to Spokane Fal's, over 309 miles, is under oontract, trust of 1882) par $100. In year ending June 30, '87, gross earmiigs
of which 40 miles more on the western end dnd 45 miles on the eastern were $1,871,323; net, $584,134; interest and taxes, $459, 542.
will be completed and in operation this year; and the remainder of the
South Pacific Coast (Narrow-gauge).—Owns from Alameda
main lino is to be completed by May, 1890. Construction work on 40
miles more of the Northern branch has begun, and It is very probable to Santa Cruz, 87 m.; branches, 23 111.; total, 110 m. The road is leased
for 55 years to the Southern Pacific Company, which company guaranthat the whole of this branch to a connection with the Canalfan Pacitees the bonds. Trustee of mortgage is Farmers' L. A Tr. Co. The
fic. 90 miles, will be oompleted within a year.
(V. 48, p. 669, 739 V. 47.
stock is $6,000,000. Gross earns. '86, $870,157; net. $303,284. In 1887
p. 382.)
Shamokln, Snnbnry A Lewlsburg.—Line from Shamokin to gross earnings were $521,639; net, $230,563, (V. 45, p. 113.)
South Pennsylvania.—The line was in progress between Harrisb.
West Milton, Ph., with iron bridge over Susquehanna, 31 miles. The
road was built by Philadelphia A Reading, and opened in 1883 for its A Pittsb., 225 miles, making a western extension of the Phila. A Reading system.
In July, 1885. it was agreed that the Tanderbilt interest
ooal traffic northward. Stock, $1,000,000; par $ >0.
be transferred to the Pennsylvania Company, and that comshamokln Valley A Pottuvllle.— Line of road, Sunbury, Pa., to should
offered
pany
$6,500,000
3 p. c. bonds of the Bedford A Bridgeport RB.,
Mt. (,'armel. Pa., 27 miles: branch to Lancaster Colliery, 2 miles; total
29 miles. The road was leased February 27, 1863. for 999 years to the guaranteed by the Penna. RR. Co. But the Attorney-General of Pennsylvania
brought
a
suit
to eujoiu tho transfer, and this suit in Oct.,
Northern Central Railway Company, with a guarantee of interest on
the bonds and 6 per cent per annum on the $869,150 stock (par $50), of 1886, was decided by the Supreme Court of Pennsylvania against the
In
transfer.
1888,
a
new
arrangement was proposed for completwhich $619,400 is owned by Northern Central. Gross earnings for
1887, $387,025; net, $202,469. Gross earnings for 1886, $381,612; ing the road. (V. 45, p. 85,113, 143; V. 46, p. 201,581,590,621.)
net. $216,984. Goo. B. Roberts, President, Philadelphia.
Southern Central (N. If.)—Owns from North Fair Haven, N.Y.,
Sheffield A Birmingham Coal, Iron A Railroad Co.— to Pennsylvania State Line, 114 miles. Leases the Ithaca Auburn A
This load Is completed lietwcen Sheffield and Jasper, Alabama Western, Freeville to Auburn, 38 miles State line to Sayre, 2 miles.
In Sept., 1887, Sheffield A Birmingham Railroad was Total operated, 154 miles. Tho Lehigh Valley leased this road from Jan.
87 miles.
consolidated with the A'abama * Tennessee Coal A Iron Co. The 1, 1887, for 975 3 ears, without any guaranty of interest, and it Is
new company owns the railroad, 70,000 acres of coal anl iron lands in operated by the Pa. A N. Y. Canal Co. The consol. 5s are convertible
Alabama and 60 acres of land in Sheffield. Five blast furnaces are in into stock at option of holders wui. n ten years, and $100,000 are held
course of construction, each having a capacity of 140 tons daily. 8tock in trust to retire $90,000 of 7 per oeut prior bonds due in 1899. Six
Is $7,200,000 pref. Mortgage of 1888 covers 3 furnaces, 70,000 acres ooupons from Aug. 1, 1886, inolusive were funded into income bonds.
of mineral lands, Ao. Sinking fund of 4 cents per ton of coal mined Stock, $1,774,950; par. $100. Inl885-86. gross earnings were $467,068
froc the lands and 10 cents per ton of iron made at the furnaces, is net, $51,452; in *36'-87. gross. $482,482: net, $23,394; deficit under
put at interest to redeem the bonds. See V. 45, p. 441, E. W. Cole interest, taxes and rentals, $182,827. (V 44, p. 23.)
President. Nashville. New York, offloe, 10 Wall Street
Southern Pacific COMPANY,.-This corporation was organised
(V. 45, p. 441
Shenandoah Valley.—From Hagerstown, Md„ to Waynesboro and Aug. 14, 1884, under the laws of the State of Kentucky. It holds most
thence to a connection with the Norfolk A Western road at Ro noke. of the stock of the Southern Paclfio of California and the other railroads
2.39 miles and branches 17 miles. A close oontract for working and an connecting with it to New Orleans, and leases each of those roads; also
exchange of stock for Norfolk* Western stock was made in 1883 In has a lease of the Central Pacific for 99 years. The stock of each of
March. 1885, Sidney F. Tyler was appointed receiver. The stock the said companies ovmed by the Southern Pacific Co. Dec. 31, 1887,
and the percentage of net profits of the whole system payable under
Is $3,696,200, of which $3,057,100 Is held by the Norf A West RR. Co
FromJan.l to Feb. 29 in '88(2 mo8.).grossearn'swere$l08,562,ng9t. the lease to the several lessor companies are as follows:
80. Pac. RR. Co. of California, $43,997,900, 26J« percent; 80. Pac. RB.
$1 14,90s In '87; deficit, $2,705 in '88, against surplus of $8,905 In '87.
In 1887 gross earnings were $902,862; net, $129,316; total deficit Co. of Arizona, $19,995,000, 12 per oent; 80. Pac. RR. Co. of New Mexico,
nd( '5.? x , char K e »,> *<73340. (V. 45. p. 143. 401, 438, 473,614, $6,688,800, 4 per cent; Mor. L. A Texas RR. A 88. Co., $4,062,700, 22»»
2
,_
per ceut; Gal. Harris. A San Au. Ry. Co., $26,278,400, 16>4 per cents
643, 744. S
857, 887: V. 46, p. 40, 787.)
Shore Line (Conn. >— Line of road, New Haven, Conn., to New Texas A New Orleans Ry. Co., $5,000,000, 7 1* per cent; Louisiana WestLondon, Conn.. 50 m. Leased toN.Y. ANcwIIavenRR. Co. in perpetuity ern RR. Co., $3,360,000, 3ij percent; Mexican International RR. Co.,
Nov. 1, '70, at $100,000 net per annum. Dividends 3»a in Jau. and 4 in $4,172,100; New York Texas A Mexican, $605,000; South Paoiflo Coast,
July. Operation* »ud earnings are included in the reports of the
*6.000,000; Total, $120,159,900; Galv. Har. A San Ant., West. Dlv.,6s.
lessee.
Shrrveport A HotiKton.— From81ireveport,La.,toLogansport. La.. $1,110,000; total stock and bonds, $121,269,900.
From Jan. 1 to Sept. 30,m'S8 (9mos.), gross earns, on the wholesystem
40 m.; connects with llous. East. A W.Texas road, forming with that a nar
row ganee lineal 230m. from Shrevcp' to Houst'n. E.L.Biemonu,Pres- (5,926 miles) were $34,022,455, agst. $27,492,400 iu '87 (5,535 miles);
net, $11,653,678, agst. $10,959,406; adding rentals from leased lines
a,a
""" °*;
* Gulr.-TWe road is projected irom Sil•it
I^r pFla.,
f.
ver Springs.
to Point PineUos on Tampa Bay, aoout, 175 miles. and other receipts, the tota) net incone in 1888 was $12,383,500; dehclt uuder fixed charges, ooustiuction, lmproveaents, Ac, $76,652.
;
:
;
J
,
NoVKMBKit, 1888. J
RAILROAD STOCKS AND BONDS.
11»
r
.
.
SUPPLEMENT.
INVESTOKS'
la©
•tuber rl ben will confer
great favor by giving Immediate notice of
[V^L. ZLVII.
any error discovered In these Tables.
Bonds— Prim 1INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Date Size, or
Due.
Amount Rate per When Where Payable, and by pal.When
of
of
Par
Stocks— Last
for explanation of column headings, Ac, see notes
Outstanding
Bonds
Value.
Cent.
Payable
Whom.
Road.
Dividend.
on Bret page o( tables.
Paeifle COMPANY- Stock ($100,000,000) 5,576
384
South. Pae. of Arizona—1st M., g., guar. cp. or reg.
Jouta.i'oc.tC'a/.)-l«t M., g.,land gr.,cp.orreg..s. f. 1,042
15
Monterey, 1st M.. sink. fd. $5,000 yearly „..„..r
Mortgage bonds, gold (for $33,000,000)
JeuMrrn Paeifle of N. Mexico- Mort., coup, or reg.. ief
321
guar. Cent. Ga
MouOtvestern t da.)— Stock. 7 p.
$100 $8'l,027,770
mmlktrn
c
Bouthtctii Pennsylvania— Htoct
1st mort. sink, fund, $50,000 yearly, not
drawn.
Spuyten Duyril d P'l Mar.— Stock, 8 %, gti. N. Y.Cent.
Kate Line d Sullivan 1st M., oonv. (red'ble aft.'88l
ttalen Island— 1st mortgage
c*
Stolen Itland Rapid Tran.— lstM.,$ or*
2d mort. guar by B. A O. cp. or reg.. gold
1881
i",6bb
13
All.
45
1886
0'
1st mortgage
c
Suspension Bridge d Erie Junction Stock...
1st mortgage, principal A Interest guar, by Erie.
Syracuse d Ba tdunnsvilte.— 1st mortgage, gold. 0*
Syracuse Binghamton d N Y.— Stock
Consol. M. (i.rln. and int. guar. byD. L. A W.)
Syracuse Genevad Corning— 1st mort., 8. f. lp.ee
—
e
Syracuse OnlattodNem York— 1st mort
2d niortg.. Income (for If 500,000)
1,000
1874
1878
1878
1.000
500
100
1876
1875
1879
1883
1883
81
57
"43
1.000
lOOAc.
1,000
1,000
Gross earnings
Operating expenses
$31,797,882
18,514,655
1887.
5,576-04 miles.
$37,93o,162
22,712.198
Earnings over operating expenses
Rentals received
$13,283,226
510,691
$15,217,963
574,691
.$13,843,917
$1,867,165
.
8s8,622
$15,792,654
$2,755,787
$11,088,129
$2,933,904
$12,858,750
4,846\3
Total surplus. .
Rentals paid.
lazes
Balance surplus
—(V.46, p. 76, 201, 539, 648, 650, 651, 771;
miles.
$1,911. (ill
1,0.2,263
V. 47, p. 69, 344, 473.)
Southern Pacific of Arizona.— This is the
connecting line of the
South. Pacific of Col., extending fiom Yuma to N. Mexico boundary, 384
consist
of Series A $6,0o0,is
The
bonds
miles. The stock
$19,995,000.
000, due 1909, and Series B. $4,000,000, due 1910. Operated under lease
the
lessee
paying
all
charges
and
also 12 per cent
to Southern Paciflo Co.,
of the net profits of the whole Southern Pacific system.
were
net,
$1,756,519;
$702,787. In 1886,
In 1887 gross earnings
gross, $1,525,221; net, $647,592. (V. 44, p. 370.)
Southern Pacific (of California).
The road
(See
Map.)— Line of Road.—
divisions— the North. Di v. from San Fran.
to Tres Pines, 100>s in.; Carnadero Junction to Templeton, 139 m.; and
leased line, Castroville Juno, to Monterey, 15 m.; Santa Cruz RR., 26 m.;
Hillsdale to Almaden, 8 m.; total In North'n Divis'n. 288 in.;— t lie South'n
Division, Huron via Goshen to Colorado Riv., 529 in.; Los Angeles via
Wilmington to San Pedro, 25 in.; total South. Div., 554 in total South.
Pac. in Cal. 842 m. The Colorado Div. of 242 in. is leased and operated
by the At 1. A Pae. Railroad.
Organization, Ac.— The Southern Pacific was a consolidation Oot. 12
1870, of several lines in California. The Central Pacific RR. leased
the southern division, but in March, 1885, this lease was annulled and
the whole line was leased to the Southern Pacific Company on the basis
of lessees paying all charges, and giving to this company 26^ per cent
of the annual net profits of the whole S. P. system. In October.
1884, leased (and virtually sold) to the A. A P. the 242 miles of road
extending from the western terminus of the A. A P. to Mojave, and
right of way over the Hal nice of the line to San Francisco, at a fixed
rental. (See V. 40, p. 594.)
Btock and Bonds.—The authorized stock is $90,000,000, of which
45,994,800 Is Issued and held mostly by the Sout i. Pacific Company.
The bonds above are in series A, B, C, D, E and F, of which A included
$15,000,000 and B, C, D aud E each $5,000,000, the balance being in
series Fj the bonds are Issued at the rate of $40,500 per mile on
road and lauds, except the Colorado Division, which is bonded at $30,t( Oper mile. The series A, B, C and D mature in 1905-6, the series E
i l ( K lu 1912. The bonds are
a mortgage ou the lands, and as proceeds
« 1 lands come into the hands of the trustees, bonds are purchased and
retired. There is also a sinking fund of $100,000 .per year. The new
mortgage for $38,000,000 is dated Aug. 25, 1888, to cover old llue and
new roads acquired. See V. 47. p. 49o.
i.am Grant.— The land grant was 12.840 acres per mile, and proceeds
or salt s go to retire bonds. The total grant is estimated to furnish
10.445,227 oeres, but a large proportion of the lands is barren and
assess for agricultural purposes without irrigation. In 1886 the sales
were 313,634 acres for »887,393 land bonds redeemed, $817,000;
land notes outstanding Dec. 31, 1886, $2,253.N22.
In'87grossearn'B0l North. Dlv.were $1,727,245; net, $782,445. In '87
toss earnings of Southern Division were $3,885,483; net, $1.268,6i>7.
In '86 gi om- earn'ga of both divisions were $4 ,943,955; net, *1,879,939.
—(V. 47, p. 490, 594.)
in California is in two
;
,
;
Southern Pacific oT New Mexico.— Rood extends from Arlsons Slate Line to the Rio Grande at El Paso, Texas, 171 miles. Operated under lerse to Southern Pacific Company, the lessee paying all
charges and 4 per cent of net profits of the whole 8o. Pacific
Stock, $6,888. hOO. Gioss earnings in 1886, $667,196; net,
9310,131; in 1887, gross $735,736; net. $313,4o8. (V. 44, p. 370.)
mum.
Southwestern (Ga.)— Owns Macou,Ga.,to Euf aula, 144
branches 89
Lewd
in.;
m., and
the main one being from F't Valley to Coin ubus, 71 m.
in perpetuity Aug. 1, 1869, to the Central
of Georgia,
assume the liabilities and guarantees 7 per centRR.
on tlie stock
per oent Is to be paid If 10 per cent Is paid on Centra]
stock.
Southwest HennsylvanU.-Greensburg, pa.,
4
7
5
which
but 8
to Falrchance,
g.
6g.
5 g.
"6'
Mar.. 1909-10
A.
A.
A.
1905-6
A on
Jan
A A.
A J.
A N.
MAN.
A. A O
M.
6
3
7
7
7
6
J.
2
Q.— Mar
<fc
Peb.
6
1917
1,
1913
1926
1946
1905
1,
1,
I,
1.
1936
Pfcila.,233 So. 4th St.
do
do
Philadelphia, Peun.
Feb. 16, 1878
Jan. 1, 1904
RR. May
do
May
do
Guar. T. A D. Co Oct.
do
Co
July
Phila.,
J.
AJ. N. Y. Lake Erie A West.
A J. N.Y., F. C. Hollins A C
N.Y., D. L. A W. RR. C
do
do
A. A O.
M. A N N.Y.,Fanuers' L.A T.Co
M. A 8. N. Y., Gr. Cent. Depot.
None paid.
J. A D.
5
1911
July, 1888
Jan. 1, 1899
April 1, 1893
till
1928
1938
1888
1896
Oct. 1, 190b
Nov. 15, 1905
Mar. 1. 1909
1933
1983
6
Le*sed to New York Central November 1, 1871,
Rental is 8 per cent on capital stook of $989,000.
1,
1,
1,
1,
July 1, 1900
July 1, 193(1
Dec. 1, 1888
J.
J.
7
7
1912
1900
1,
Jan.
Jan.
Jan.
J. A" J. S.Y.,8o.Pac.Co.,23 Br'd
Jan.
F.
J.
A6
A
1.
Deo., 18S8
Sept. 29, I8e8
do
do
I
Aug., 1938
M. a"n.
3
7
5
A J N.Y.,8o.Pac.Co.. 23 BrM
A O
do
do
AO
do
do
AO
do
do
do
do
J. A J
J. AD savannah. Cent.RR. Bk
M. A 8 Philadelphia,233 So. 4th
do
do
P. A A
N.Y., Gr.Central Depot.
J. A
N
J. A J
V., Union Trust Co
A. A O 8.Y., foot Whitehall St.
A. A O N. Y., Lond. A Glasgow.
J. A J N. Y„ Of., Whitehall St.
J.
.1
7
Nil.
The annual report for '87 was in Chronicle V. 46, p. 648, 651. Earn's of
the whole system lnclud'g 88. lines, In '87 and '86,were as be ow given:
1886.
7
4,010,350
1,185.000
1,185,000
1,350,000
600,100
500,000
500,000
1,000,000
160,000
2,500.000
1,966,000
880,000
600,000
900,000
1.000
1870
1886
3>s
5
(!)
100 Ac.
100 Ac.
50
600
100
1876
7
81
.
.
4,180,000
5.099,400
998,850
900,000
989,000
200,000
300,000
1,000,000
2,500,000
4 500.000
500,000
641.805
50
20
20
43
43
43
43
23
23
f»
It
(?)
1877
1,000
100
1879 100. Ac
1873
1,000
l.ooo
1883
1886
1,000
1885
1,000
1875 500 Ac.
24
—
2d mortgage
1,000
100
so
"e
Incomes, gold (non coin.)
Stockton d Copperopolis— 1st mort., (guar, by C. P.)
Suburban Rapid Transit— Stock ($'J.«00,000) ...
1st mortgage bonds (for $6,600,000)
Summit Rrancn (fa.)—Stock
1st mortgage bonds, sinking fund
Sunbury HazUtond Wilkcsb.— let, $5,000 dr. atlOO.c
2d mortgage. Income
Sunbury d Lewisuwn Stock
Ac
1880
1888
6g.
10,000.000
33,303,000
230,000
1.000
75-'82 500
81
,
.
79'80
Dec. 31, 1970.
A
State Line
Sullivan.— Owns from Monroe ton. Pa., to Berenice.
Pa., 25 miles. Stock, $990,00C (par $50). The mortgage covers 5,000
acres ooal lands. In May, 1884, this road was leased to the Penn. A N. Y.
Canal A RR. Co. for fifty years; rental, $40,000 per annum.
staten Island.—Clifton to Tottenville, 13 miles. Capital stock
originally $210,000, par $15 per share, but being bought by company
tor $65 a share this is now taken as par value, and whole amount as
from
# l 10,UOO. Leased to Staten Island Rapid Transit Co. for 99
J;:ly 31, 1884. at $80,600 per annum. Dividends in 1835 86 and in
18s6-h7 6 per oent on $65 shares.
ma
RK.—
The line of road is around
SI u ten Island Rapid Transit
the Staten Island shore, cast and north sides, trom Vam erbilt Landing
(Junction with the 8. 1. Railway) to a point opposite Ellzabe'bpoit. N.
It has a 99 years' lease of the S. I. Railway and controls the Ferries
if.
to N. Y. City. In November, 1885, the agreement with Bait. A Ohio
was reported for making the terminals of that RR. Co. at St. George
by means of a bridge over the Kills at Elizabethport. The bridge
was completed In June, 1883. The B. A O. guarantees the 2d mort.
bonds of this Co., and owns a majority of its stock of $500,000. The
income bonds are held by the B, & O. and S. I. R. T. Cos., one-half each.
From Oct. I to Sent. 30 in 1888 (12 months) gruss earnings were
$907,760, against $842,279 in 1887; net, $277,150. a, ainst $223,859.
In year ending September 30, 1887, gross earnings of terries and railroad were $H42, 278; net, $223, s57, surplus over interest, taxes, rentals, Ac, $252. See annual report, V. 46, p. 101. (V. 44, p. 495; V. 45,
p. 212, 643, 696; V. 46, p. 101, 102, 610, 803; V. 47, p. 140, 161.)
Stockton Sc Copperopolls.— Stockton to Milton and Peters to
Oakdale.Cal., 4- miles. Leased to Central Pacific Railroad Company for
thirty yeare from January 1, 1875. By the terms of the lease the lessee agrees to pay principal and interest of the bonds. Capital stock,
$234,500. In 1887, gross. $118,637; net, $55,240.
Suburban Rapid Transit.—This company has built a bridge
across the Harlem River, N. Y. City, and is in operation to 161st Street,
N. Y., /Mi miles. The line as laid out is 14-90 miles long. Little information has yet been obtainable concerning its finances. In July. 1886,
the Manhattan Elevated stockholders were offered the privilege of
taking its stock and boudt'*} follows: Each 100 shares of Manhattan
entitled to take 7 shares s. R. T. Co., and 7-10 ot a $1,0(K) bond.
In year ending Sept. 30, 1837, gross earnings were $43,244; deficit
under operating expenses, $19,254. Samuel R. Filley, President, N. Y.
(Pa.) —This company's business
Summit Branch
is
almost en-
tirely in uiiniug coal ; it leases the Lykeus Valie; RR., Millersburg toWilliamstown, Pa,, 20 miles, and has a small branch of its own to Sum-
mit Mines, % of a mi e The rood is operated by the Northern Central
under contract. Penu. RR. owns *2, 1 90.100 stock and +500 000 bonds.
From Jan. 1 to Oct. 31, 1888 (10 mouths), gro-s earnings from coal
and mining operation-* of Summit Branch proper were $1,22 ,832,
against $1,083,636 in 1837; net, $184,037, against. $88,851.
In 1887 gross earnings were $1,358,814 net, $128,260 surplus over
interest, $45,31<>; defioit under Lykeus Valley deficit, $55,051. In
1886 gross, $734,123 net, $12,782 deficit uuder interest, $70,168.
—(V.46, p. 173,228.)
Wllkcsbarre.— Sunbury to Tomhioken.
Sunbury Hazleton
Stock, $1,000,000, all owned
Pa.. 43 miles. Foreclosed March. 1878
by the. Penn Railroad, which pays net earnings as rental. Sink, fund
for 1st mort. draws $5,000 yearly at par. Gross earnings lu 1887,
$454.t99, net, $221,024; surplus over charges. $77,725; dividends (5
per cent). $50,o00 J. N. D« Barry, President, Philadelphia.
1
;
;
;
;
A
wn.—
Sunbury
Seliimgrove Junction to l.ewi*town.
8c Lewlsto
u. lies.
Leased for 99 years from July 1,1876, to Pennsylvania
for contingent interest li uet earnings, which in 1834 were $105,855; in 1885, $168,268; in 188b, $12.i,5.;6; in 18->7. $li6.7u9.
Pa..
43
RR.
Suspension Bridge 6c Brie Junction.— East Buffalo Junction
to Niagara Kalis and Suspension Bridge, 23 miles; Look. A Burl. Kit.
leased ,14 miles; total operated. 37 miles. Road opened January. 1871,
It is leased to New York Lake Erie A Western Railroad Co. at 30 per oent
of gross receipts, which are guaranteed to be not less than $105,000 pet
annum. lessees own all stock except 297 shares.
A
Syracuse
Bald wl nsville.—Owns Baldwlnsvllle, N. Y., to
An on. N. Y., on the West Shine Railroad about 7 miles. Stock is
$i,0,oo<i— par $100. In year ending Sept, 30, 188'. gross earnings
were $ll.li>6 net, $2,612 deficit under interest, $4,558. In 18s7-8,
gross, $15,78-; uet, $4,275.
;
Syracuse
;
Bingham tou A New York. —Owns
from Geddes,
Pa.,
44 11,11.*. and nrancln- J, miles; total, 81 miles. Opened April 1. 1873
N. Y., to Uinghauiptou, N. Y., 81 miles. Chartered as Syracuse & Bins*
and lease.! yearly to Pennsylvania RR. whioh operates it at cost nav- namton and opened Oct. 13, 1854; foreclosed and reorgauizid April
^ '; ,,
J,^e tar
P,,,u, RK owu§ *704,850 of stock arid 'rfO, 1857, and controlled by Delaware Lackawanna A Western. In year
lSug»",'sw'."
\g?a
?
^o
9600,000 of bonds. In 1887 gross earning! were $814,4;i7- net ending Sept. 80, 1.387, gross earnings Were $807,096; net $353,278.
,
•
'
oarnlngs. $422,7-.o-. surplus over fixed charges.
$352,125
(10 per cent 1. $90,903. In 1886 gross. $7:.0.139; net
dividends
-(V. 45,
p.
212; V. 46,
p. 610; V. 47, p. 161.)
$399,330.
Syracuse Geneva Sc Corning. —Owns from Corning, N. Y., to
7 v" ?, Por *. ra?,«-l».-Road is 6 miles in length and Geneva,
.,'„ v"
N. Y., 58 miles, and Penn Yan to Dresden, 6 miles total, 64
JSE2&!
-i the
New York
Central Jt Hudson wuh the New York & Harlem
miles. This rood was opened December 10, 1877, and is leased to
;
November,
1888.]
RAILROAD STOCKS AND BONDS.
191
P
-
:
SUPPLEMENT.
INVESTORS'
1«»
Subscribers
fVou XLVII.
eouftr a great favor by g-lvlna Immediate notice of any error discovered In these Tables.
Bmutt— Prun
INTEREST OR DIVIDENDS.
trill
DESCRIPTION.
Miles Date Size, or
Amount
Par
of
Tor explanation of column bondings, Ac, see notes of
Outstanding Rate per When Where Payable, and by
Cent.
Road. Bond" Value.
Payable
whom.
on first page of tables.
fur liv consul wort.)
for $2.200,000
cJtr
:
rimer
in.
i
Trr?f Jlu-'ta I.oaantport.— Stink
1st mortgage, L-nar. hy Terre Haute A Ind'napnlls
ud(2ilou93m.),guar.
1st M.. on I., gars to S. mill
I
.
Hauit a Peoria— 1st mortgage,
gold
Terre
Texan Central— 1st mortgage, gold
M. K. Dlv.. luort.. gold (2d on 177 miles)
Genera! mortgage, (pledged)
Texan <t S tirlrant of '74— 1st uiortg. landgr., coup
Sabine Division, 1st mortgage, gold
.
HI
114
182
93
65
173
177
52
228
105
104
Debentures
1,487
iviri/fe— New took, $ 50.000,000
524
1st mortgage, gold, conp. (Eastern Dlv.)
ii-i,i. uio>t for $25,000,0(0, gold
e* 1,487
income.
iion-cuni.<*-'5.000.000),g.o*
1,487
SdooLsol. M.,
54
1st mortgage, due 1882 and extended
ri<V»
rexaj
1873
1885
I
1
.
Consolidated mortgage
Extension bonds
..
Eliniru stale Line Railroad
Aim Arbor it
mortgage
X. Michiuatt— Stock
1st
A G. T.)
1st mori., gold, Ann Arbor to St. Louis, Mien
R'.i.gold
A.
AMt.
Pleasant
c*
1st M. T. A.
l8tM.,Tol. A. A. A Cadillac Ry.. gold
Ohio
Ventral—
li-t
moil,
gold,
lnten
st
guar
Tolmvtt
clot. P...n/< <* Wat.— 1st M.. new (for $5,000,000).
Scrip for < oupons in 1888 (payable at will)
mortgage
(T.
A. A.
C
54
20
7
245
61
106
20
64
196
230
1
$1,401,880
1,600.000
300,000
500,000
500.000
1 ,000,000
1,800.000
2,145.000
100
,000
50
1879
1883
1887
1879
1881
1884
1875
1882
1883
1,000
1,000
1.000
l.ooo
1,000
1.000
1,000
1.000
1875
1888
1888
1852
1876
1875
1875
1,000
1,000
1,000
1881
1884
1886
1886
1885
1887
1888
1,000
1,000
1,000
1,000
1,000
1,000
1,254.1100
100
8
7
r.
5
J.
A.
"e"
.1.
6
7
.1.
%
2,286.000
v-
1,(120,000
7
2,075,000
584,000
38,706,700
3,784,000
21,049,C00
23,227,000
239,500
125,000
265,000
160,000
5.300,000
100
100
.*
JM—
Toledo
$50
114
Haute <* /iirfiimopoli*—Stock ($1,088,150).
i
1.2(10,000
2,120,000
4OC.O00
1. 260.000
3.000.UO0
S*
7
7
7
"e'g.
6g.
5
g.
4.50:1.000
*
N.
&
Last paid Nov., '84.
None paid.
A. N.Y.Si.Pac, 23 Broad.
A
J.
Last paid
.1.
No v.
do
do
S.
'84.
,
1888
1893
1, 1925
1,
April,
July
do
do
Jam. 1, 1910
Jan. 1, 1913
1, 1937
1, 1909
1, 1911
Nov. 1, 1934
Aug. 1. 1906March 1, 1912
Mar.
Nov.
May
1893
M
"&'s. N.Y.,Mer'leTr.Co.APhll March 1,
do
J. A D.
do
Juue 1,
Marclil
Dec. 1,
Id A N. Phil., Newbold Sons ACo
Nov. 1,
M AN. NY.. N. Y. L. E. AW. Nov. 1,
A. A 0. Elnjira.CheinungCo.Bk. Oct. 1.
A. A O.
do
do
Oct. 1.
.r.
A
II
.1.
N.Y..Farmers L.ATr.Co Jan.
N.Y., Central Tr. Co.
May
J.
N.
M A
A
A
A
8,
S.
J.
J.
April.
1,
1905
2000
2000*
1915
1896
1905
1905
1921
1, 1924
ATr. Co. •ept. 1, 1916
N.Y.,Ottice. 150 B'way. March 1, 1917
N. Y., Central Trust Co. July 1, 1935
New York.
July 1, 191T
do
April 1, 1893
N.Y.,Amer.
L.
made discharging Gov. Brown
the Fall Brook Coal Co. at a rental of 33i 3 per cent of its gross earn
lngs. Stock is $1,325,000. In 1884-85 gross earnings wen- $671,690
$163,611; rental, $223,897; taxes, $10,559; deficit to lessee.
$70,814. In ls-!i-(S. gross, $638,921 net, $167,434; rental, $212,974;
net,
;
loss to lessee. $45,540.
A New
do
do
A
u A N.
M A N.
J.
135,000
do
&".!. N.Y.,Farmerg'L.ATr.Co.
J.
do
do
S.
N. Y., Union Tr. Co.
* M A
g.
do
J.
M A
V.
ll
O.
1
Dim'
Stock*— Last
Dividend.
A. N.Y.,Fanners'L.ATr.Oo Aug.
M A
I'-
f
6
A
A
A
pal, When
York.— Owns from Syracuse, N. Y
Syracuse Ontario
to Earlvilii >. Y., 45 miles. The road was twice sold in foreclosure
•id n en. liizol under present name la 1883. The West Shore acquired
control of t he property. Stock. $404,600— par, $100. In year ending
Sept. 30. 1687. gioss t arnings we- e $98,941; n. t, $9,54 0; deficit, $44,461.
Earnings in 1885-86, gross, $88.5(J5 def. uncer int. and taxes, $47,811.
,
.
;
'Iriiiuwi'f midland.— Owns Memphis to Jackson, Tenn, 86 miles
Completed June 1, 1888. .Extension, 50 miles, to Tennessee River in
as receive-, he afterward taking the
presidency of the company.
A Land Trust was formed, and its stock Issued to holders of the landsorip aud the Income land mortgage bonds, and the certificates of
$10,369,410 are listed at New York Sock Exchange.. (See V. 47, p. 83.)
These are in the Sui'Plemest under the title Texas Pacific Land Trust
in " Miscellaneous Conipames."
Trustee of first mortgage of 18S8 is Fidelity Ins. Tr. A Safe Dep. Co.
of Philadelphia; of seouiid mortgage of 1838 Mercantll-i Trust Co. of
N. Y. Unless full interest is paid on income bonds after March 1, H92,
the income bondholders may take control. (See mortgage abstracts,
Chronicle, V. 47, p. 82.)
Range of stock prices since Maj
to Nov. 16, 1888. 18 7s®26%.
In 1885 the gross earnings
9,
1888, of
new stock, have
been,
were $5,826,401. and the net, $1,095,619.
In 18d0, gross earnings were $6,042,305; in 1887. $6,183,769. (V.
Terre II ante A Indianapolis.— Owns from Indianapolis to till V. 45,
p. 240. 803. 401.614.643. 821; V. 46, p. 134, 171, 321,539,
Line.
7 m., with coal branches, 35 m.; total, 114 ni. The road
nois State
was opi in ui 852 (aa Terre Haute A Richmond). The company leases 610,021,699,819; V. 47, p. 82. 83, 344, 532.)
Tloga.-State line junction, N. Y., to Hoytvillo, Pa., 61 miles, and
and operates the Terre Haute A Logansport RR., also the St. Louis
Vauilalia A Terre Haute Road on joint account with the Pittsb. Cin. A St. Blossburg, Pa., to Morris' Run, Pa., 3 miles, of which is leased Elmira
State
Line Railroad, State line New York to Northern Central RailLouis RR., at 30 per cent of gross earnings, but guarantees the first and
second inert, bonds. In June, 1887, a controlling Interest in the stuck way Junction. 7 miles; and Aruot A Pine Creek RK.. Amot to Hovtville.
Pa.,
12 miles. Controlled hy N. Y. L. E. A
In 1887 gross
was sold to H. 8. Ives anil others in the Cincinnati Hamilton A Da\ ton
Interest.
In 1885(1 gross earnings $1,053,090; net earnings aud either earnings were $363,044; net, $127,851; surplus over Interest, rem als,
Ac,
$57,S4£-.
The stock is $391,200 common and $189,700 preferred:
receipts, $3i)6,(i72 interest ami 6 per cent dividends, $246,289; loss
on T. H. A L. lease was $89,482. In 1884-85 grossearnings, $1,060,631; par $50.
Income, $h58,470; interest and 6 percent dividends, $231,289: loss on
Toledo Ann Arbor
North ^lichlsan.— (See Wap.)—Owns
T. H. A Logansport lease, $/6,634; betterments to T. H. A L. road, from roledo, 0., to Cadillac Mich., 235 in., aud branohoe to South L\ou
$45,202; surplus for year, $5.34 i. No information received since and Macon Stone Quarry. 10 in; leases ToL Sag. A Mackinac, E ist
1886. (V. 44, p. 714, 751; V. 45. p. 85; V. 46, p. 321.1
Saginaw to Durand on Det. Gr. Hav. A Mil., 40 m.; total, 285 in. In
Terre Haute A Logansport. Owns from South Bend, Ind December, '87, the connecting road to Muskeiron was oiiened. Capital
stock is $5,300,000; par $100 car trust debt, .*92,364. The first mortg.
to Roekville. Ind., 159 miles; leased. Rockville to Terre Haute, 22 miles
Formerly Logansp. Ciawfordsv. A Sonthw. of '81 covers the South. Div.. fonm rly called the Tol. A. A. A Gd. Trunk
Total operated, lr2 miles.
which was sold in foreclosure Sept. 10, 1879, and reorganized undei RK., and the mortg. of '84 covers road between Ann Arbor and St. Louis,
present inline. Leased by Terre Haute A Indianapolis Railroad for 98 Mich. A full statement on May 26, '88, to N. Y. Stock Exchange was in
years from D--C, 1879, at 20 per cent of gross earnings, and rtrst V. 46. p. 772. The annual report for '87 was In V. 46, p. 537; gross
mortgage bonds guaranteed l>y that companv. Rental in 1885-86, Barn's being $535,758 net, $193,147; surp. over Int., $8,347. J.,.n.-s
$119,759; loss to lessee. $89,482
Rental in 1884-85, $108,562; loss M. Ashley, Pres't. 150 Broadway, N. Y. (V. 45, p. 76S V. 16, p. 537.
771,382,442.478.)
to lessee, $12 1.836. No late mfoi mat inn.
Toledo A Ohio Central.— Owns from Toledo. O., to Corning, 184
Terre limit- A Peoria.— Road operated from Terre Haute, via
Decatur, to Peoria, 173 miles, of which 144 miles are owned. Formed in miles, including 12 m. leased; Hadley Junction to Columbus, 29 m.. InJan., 1887, as successor of the 111. Midland, sold In foreclosure Sept. 30, cluding 5 m. leased; Corning to Jacksonville, 12 in, leased total
18S6. That load embraced by consolidation the Peoi ia Atlanta A Dec- operated, 225 m. This company was formed after sale in foreatnr, Paris A Decatur and Palis A Terre Haute. Stock. $2,160,000 closure of the Ohio Cent main line on April 15, '85. The preferred
pref. and +3,240,000 com.; par $100. The bonds were issued to pay off 5 to 7 per cent non-cum. stock is $3,7.50,000; common, $1,592,000;
receiver's eel titleates ami to furnish money for steel rails, equipments
par both $100. The first mortgage Is for $5,000,000, but no more
Ac. G'oss earnings in 1887-88, $313,630. (V. 43, p. 2i7, 431, 738 V. than $3,000,000 can be Issnsd except by consent of three-fourths
of the present bomlholdsra. Pref. stock issued in 1888 was for ter4, p. 184, 495.)
Texas Central.— Line of road from Ross, in McLennan Co to minals, etc. Car trust warrants were outstanding June 30, '?", to the
Albany. Texas, 177 miles,; Gairett to Roberts, 52 miles; total 229 amount of $744,988. The bonds have their interest guaranteed by the
miles. Is controlled In Houston A Texas Central interests, by which Col. A Hocking Valley RR. Co. and the stock of Col. A H. V. Co. was
•oinpany It is operated; but accounts are kept separate. The authorizeii given in exohauge for Tol. A O. C. stock ou terms noted in V. 40, p. 597.
From July 1, 1888, to Sept. 30, 1888 (3 months), gross earnings were
stock is el. 000,000; total issued. $200,265, of which H, A T. C holds
8 9'5°.° Morgan Co., $75,000 directors, $5,300. Defaulted in interest $30-1,360, against $2«2,889 In 1887: net, $75,713, against $91,709.
The gross earnings for fiscal year ending Juue 30, 1887, were $961,in 1885, and road was to lie sold June 29, 1887, but delayed by
an ap- 106; net, $288,803; surplus over charges,
peal. In :8h0 ifio«B earnings were $254,892; detleir under
$98,532. In 1887-8, gr ss,
expenses
and taxes, $13.55:'. In 1887, gross, $231,522 deficit under opt ratin" $1,167,576; net, $3t0,827; surplus over charges, $lis0,77S, applied to
"i^-win,
construction, car trusts, Ac. See report in V. 47, p. 531 as follows
expenses and taxts, $32,132. (V. 44, p. 495.)
KKSOCKCES OF THE YEAH.
Texas A New Orleans (of 1874).— Houston, Tex., to Oranee
1887-8.
1886-7.
,,
R1V ^,
ume? lnd . 8ttbiu6 «ty to Rockland, 104 miles; Net earnings
$3r0,828
£?
,««,
o
*S\
$288,804
total 208 miles. Belongs to the Huntington Southern Pacific
system
nc: ease of unfunded debt
10,228
416,558
together with the Louisiana Western. Tills was a reorganization 1874*
Reorganization committee
235
of the old Texas A New Orleans RK. The stock Is $5,000 000
and
progress.
ii
1
W
;
A
;
;
;
;
•
:
:
;
,
;
'
,
I
Total
$371,291
1IISFOSITION
For year 1886 annual report was In V. 44, p. 620.' Gross earnlmm in
1867 were $1,267,868 net, $563,353. In 1886 gross earn^™ were
998.16-; net $482,136; surplus overcharges, $1H,98S C P a hT,,£
Ington, President, New York. (V. 43, p. 1-33, 163; V.
44, p. 344, 37o!
!
Road owned as follows: Eastern Division
„ Tex„a " A Pacific.—
gromTexart
lo Marshall and thence to Fort Woitli 253
nines-
Texarkana Junction to Whil, ,b<„o, 239 miles; Marshall to Shievepor";
40 miles; total eastern division, 332 miles. Rio Grande Divis-iin"','""
'""*» Blwra Blanco to El pZo o?nt
'V '''J'""';, $*
°?. "* 8"' tiordou Blanch to coal mines, 3 miles- Iota
S***!
Rio
Grande division,
619 in. New Orleans Division- (Foruicrlv
p-tVi
ttlid Ba,ou Rou
sSScVfia
«°
.TmT?' miiS/"
The Texas A Purine was built under act of Congress of March
3 1871
a-,,1 other acts in 1872 to
"74, and the laws of Texas. Thl™ omnany
sue'
«Njded ,o the right of the Memphis El Paso A Pacific
Bafe£rtand
*K£
com^anlet, »i.d was consolidated with N. O. Pac, share
for snarr'Tn
SW^."
1
NO
a
ffif
i
-,^
1
Wa
or
I ,a
the plan in V. 43,
n
ie« and V
»^ f l!" lz '" V" ri a »"t to
V. in"'i
45, p. rni
4 01, without haWng the Court
p. ie*
confirm the snln In
made In Nov., 1887; and on Oct. 30, 18887
™n orde? was
l
(
,
loreclosure
.
-
OF RESOURCES.
Interest on funded debt
Rentals of other roads
Construction
Equipment
Interest on cartriuts
Interest on floating debt, Ac
Total
-(V. 45,
p.
240, 341, 572; V. 47, p. 284, 327,
Toledo Peoria
A
$705,362
1887-8.
1886-7.
$150,000
$15 i.OOO
13,979
31,123
124,491
35,628
16,070
12,217
22.341
492,750
23,068
4,986
$371,291
$705,31.2
531
Western.— Road owned from
)
Indiana State
line to Warsaw, 111., 2i!0 miles; branch. La Harpe to Iowa, III., 10 miles;
tracks leased to P, oria and to Burlington, la., 17 miles; total operated,
247 miles. This was formerly the Tol. Peoria A Warsaw, theu the ToL
P. A Western, and was leased to Wabash; sold In foreclosure Oct. 29,
1886. Srock ls$l,076,900; par of shares $100. Abstract of mortgage
(Charles Moran, Thomas Denny and Cornelius B. Gold, trustees) V. -45,
In consequence of the Chatsworth uocldent in August. 1887,
p. 242.
the company was obliged to fund the January and July coupons
in 1888. (laying $5 per coupon in cash and funding the balance in
4
per cent scrip certificates, (interest payable April 1), due April 1, 1893,
but redeemable at option of the compan3'. In year ending June 30,
1888, gross earnings were $948,524; net over expenses, $199,084.
-(V. 45. p. 232, 242, 573; V. 46,p. 539,669,771, 772; V.47, p. 42, £27.)
XOVKXBKR,
RAILROAD STOCKS AND BONDS.
1888.]
193
MAP OF THE
m
TOLEDO,
ANN ARBOR
NORTH MICHIGAN
AU/WAY & CONNECTIONS.
i
City
Jected Lines
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^>t«ClNCINNATI
c*r°
Ml IrOittrl
—
SUPPLEMENT.
INVESTORS'
194
—
:
.
[Vol.
XLVI1.
Subscribers will confer a great favor by giving Immediate notice ot any error discovered In these Table*.
Bonds— Prlnc!INTEREST OR DIVIDENDS.
DESCRIPTION.
When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,
Par
Stocks— Last
of
of
explanation of column headings, Ac, see notes
Outstanding
Value.
Cent.
Payable
Bonds
Whom.
Dividend.
Road.
on ttrst page of tables.
•
•
Toledo «. L.
d Santas
Ct«y-8took
Pref. 4 per ot. coupon stock, non-cumulative
1st mortmain*, gold (redeemable at 10ft)
p
Toledo s iv * tf»«A«*irt-l8tM.,g..*17.000p.m.c\fcr
Totiavandn Vallev <t Cuba— 1st mort. ($50<>,00O>.
Tyrone >t Cleartlrld—Stock, ft p c. rent-"!. Penn. RR
1st mort ($100,000 cumulative), sinking fund, r
XTUter it Delaware— 1st mortgage
2d mortgage Income bonds
i"iv
United .V. J. RR- <* Canal Co's —Stock, 10 p. c, gu.
Gold bonds
o
currency
General mortg.,golrt and
Uniteo. Co.'s mortgage, sinking fund $40,000 .r
W.
$10,920
sinking
sterling mort
do
sinking M. $36,000
do
do
*
gold loan
do
Joint Co.'s plain bonds
4ftl
96
60
99
"74
Pacific—Stock
1st mortgage, gold, on road ana equipment
2<1 mortgage currency (Government subsidy).
on road (2d on land), sink, fuud.cfcr
Sd
do
-•
land grant bonds
Omaha bridge bds.fs.f.,— surrender optlonal).o Ar
c
renewal (s.f. not drawn)
do
do
Collateral Trust bonds, drawn at 105
Collateral trust Donds ot 1883, gold, pink. fund.
Equipment bonds, Ser. A.. iioP<yable j early. ...o*
—
o'
Pac, cons. M., g., sink, fund
1st M., Eastern Div., $16,000 p.m...
do
s.
1886
1883
1881
$or£
1,000
50
1,000
1,000
1882
1875
1875
500 Ac.
100
238
4,764
1,038
1,038
1,038
140
1883
1873
1871
1871
1871
1878
1854
1,000
l.OOO
1,000
£200
200
$1,000
1,000
100
1866-9
1866-9
1,000
1,000
1874
1867-9
l'ooo
1871
£200
18-!5
l.ooo
1.000
1.000
1,000
1,000
1,000
1879
1883
1887
1879
1865
Toledo St. Louis A; Kansas City.— (See Jfap.)— From Toledo to
East at. Louis, 451 ni. Up to Sept., 'e8, the road had been made standaril gauge from Toledo to Charleston, 111.. 319 m.. having couueotion
there wl h St. Louis over the Indlanap. ASt. L Road. ThiB Co.waa formed
June 12, 18s6, by consolidation, and it took all the main line of the
Toledo Cin. A St. Louis narrow gauge road, foreclosed Deo. 30, 1885.
The present common stock and the llrst mortgage bonds were issued
for the purchase of the property, paymeut of receiver's liabilities,
broadening the gauge, Ac, Ac, and $4,000 per mile of said mortgage
bonds were reserved for obtaining standard gauge equipment. The
preferred stock is a coupon stock, non-cumulative, and without voting
power the bonds may be p^id off at 105 on notice to the holders. Provision has been made for the payment of interest till 1889 in case
earnings are insufficient. All the seeurl'les are yet held in trust except
$2.0011,000 of the bonds. $4,805,000 jiref stock and $2,50o,000 common stock. See full statement as to this company in V. 43, p. 74 V. 44,
p. 754. Abstract of mortgage (American Loan A Trust Co. of N. Y
and Joseph E. McDonald, trustees), in V. 45. p. 403. (V. 45, p. 26, 393,
403,472; V. 46, p. 77, 819; V. 47, p. 188, 314.)
Muskegon.— From Muskegon to Ashley,
Toledo Saginaw
Mich.. s<6m,, connecting with the Toledo Ann Arbor A N. Mich. Iu '88
passed under the conlrol of the Grand Trunk of Canada, and above b'ds
were issued having a traffic guar, from that road and the Chicago A
Grand lrunk.— ( V. 45, p. 768 V. 47, p. 161.)
;
.
;
A
;
A
Tonawanda Valley Cuba.—Owns from Attica, N. Y. to CubaN. Y., 60 miles. Stock $587,100. $113,000 of 1st mort. bonds were reserved to redeem same amount of 6 p. e. bonds due 1910. Mr. Bird
Bpenoer wag appointed receiver in 1884 and reorganization is pending.
In year ending Sept. 30. 1887, gross earnings were $15,375 deticit un
der expeni-es and debt ot receiver unpaid, $3,836. Gross earnings In
1885-86 (8 mos., closed during rest of fiscal year) $10,624; deficit, $3,-
W
;
195.
(V. 45, p. 7BS.)
Tyrone A Clearfield.—Vail,
Pa., to Cnrwensville, Pa., 46 miles;
branches. 53 m.; total, 99 m. This Co. was leased to the Pennsylvania
RR for fiO years In '82 at $112,400 per annum. The bonds have a sinking fund of $10,000 per year if they can be purchased at or below par.
All stock and bonds are owned by the Penn. RR. Dividends of 5 per
cent are paid yearly. J. N. Du Barry, President, Philadelphia, Pa.
Ulster A Delaware.—Owns from Rondout (Hudson River), N. Y.,
to Stamford, N. Y., 74 miles branch to Hobart, leaded, 4 miles
total,
78 miles. This was the Rondout A Oswego in 1876, reorganized May 28,
1872, as New York Kingston A Syracuse, and again after foreclosure.
May 1, 1875, as Ulster A Delaware. Stock $1,152,100; par $100. There
are also $50,000 real estate mortg. bonds. In year ending Sept. 30, '87,
the gross earnings were $353,535; net earnings $130,711: surplus
over interest, taxes, etc., *68.963. In 1885 86, gross, $339,566; net.
$140,471. Thomas Cornell is President, Rondout, N. Y. (V. 46, p. 669.)
;
;
United New Jersey Railroad A Canal Co.— Lines of Road.—
New York to Philadelphia and branches, 135 miles; Camden to Aniboy
and branches, 247 miles Trenton to Manunka Chunk and branches,
85 miles: total operated. 467 miles. Delaware A Rarltan Canal, 66 miles.
This company was formed by a consolidation In 1 867 of the Del. A Kar
Canal Co., the Camden A Amlioy RR., and the N J. RR. A Transp. Co.
The United N. J. HR. A Canal Cos. were leased in May, 1871, to the
Penn. RR. for 999 years, at a rental of 10 p. c on the -toek. Besides interest on bonds. The smaller leased roads were taken with their several
contracts. The lease has not been directly profitable In cash receipts to
the Penn. RR., and the net loss In 1679 was $939.889 iu 1880. $1 035
;
;
308;
In 1881, $302,864; in 1882, $568,759; in 1883, $635,914- in
1884, $593,536; In 1885, $159,496; in 1886, $179,016 in 18 97, $227,991 but the connection with New York was Indispensable. Operation's
and earnings are Included in the Penn. RR. report. Sinking funds Deo
81. 1887, held securities of par value of $4,464,100, and cash, $70,151.
:
;
Union Pacific Railway.—(See Han.) -Links op Road.— Main
Blaffs to Ogden and branches, 1,049 milesother
branches— Kansas City to Denver. 643: Denver to Cheyenne, 106Leavenworth to Lawrence, 34; total owned. 1,824 miles; controlled
4 J'S'*?**
the Union Pacfic system January, 1888— Omaha A
Sf
Bepub. Valley RR., 470 m.; Colorado Central RR..327; Echo AParkCity
RR.. 31; Utah A Northern RR., 4tf6, of which 58 m. are leased to Montana Union R ft. Lawrence A Emporia RR.. 31 (leased— not operated)Junction City A Ft. Kearney. 88; Solomon RR.,57; Salina A Southw'n
35: Kan. Cen 167; Den. A Boulder Valley., 27; Oregon 8hort Line and
branch, 611; Greeley Salt Lake A Pacific, 63; Denver SoHth Park
A
Pacific. 325; Salt Lake* Western, 57; Georgetown Breckenridee
A LcadVUle. 8 miles; Denver A Middle Park, 4 miles: Denver Marshall
A
Boulder, 27 miles: 1-araniie No. Park A Pac, 14 miles; Salina
Lincoln A Western, ,3 miles; Cheyenne A Northern, 123 miles Oakley
A Colbv 22
miles; total thus controlled. 3.029 miles, of which only z.940
are o'nerated. Total operated in the U. P. system Jan. 1, 1888.
4,764 miles
The Urns of the Oregon Ry. A Nav. Co. (752 miles) and of the
St
Joseph A Grand Island (447 mllesi, hough leased respec Ivclv
Oregon Short Line and the Union Pacific, are not included In bv the
above
•"''eag . each having an lndepend-nt management.
noh
lon Pacl n0 an<l 1< "*,,ca Une8 <388 miles) are
« under
enSjJ?,
I"?,
J'S
,
•Derated by
the"xTi
Missouri
Pacifle
an agreement with Union Pacific
lex twenty-flve years from 1885 and not ncluded in the
mileage oper
nne—Council
m
;
,
i
1
i
7
A J.
A I>
A J.
M. A S.
J. A D.
J. A J.
J. * J
F. A A
4
F.
4
4,805,000
9,000,000
1,734,000
500.000
1,000.000
1,000,000
200.000
1,342,600
21,342,400
1,824,000
5,669,000
2,000,000
1,846,000
1,800,000
841,000
866,000
60.868,500
27,229,000
27.236,512
14,217,000
561,000
1,410,000
211.000
4,254,000
5,450.000
716,000
13,655,000
2,240,000
100
1,000
467
,
Unwn
$100 $12,260,000
451
451
J.
g
-
i
6
2i«
5
7
2i«
J.
J.
N. Y., Bk. of N. Amer.
New York City
Last paid, March, 1884
Phila..
233 South 4th.
Philadelphia
Rondout,
Q.-J. Phila. and N. Y.
,v-
M A
A.
Office.
Co.'s
New York.
Offices.
Philadelphia Office.
do
do
A. A O. Phila., Pennsylv'a RR.
eg. M. A S. Loud. .J. S.Morgan & Co.
6g. m..v a
do
do
M. A 8. Phila., Penn. RR. Office.
.
8*
J.
S.
A D
Princeton, N. J.
Q.-J. N.Y., Un. Trust, A Boat.
A J
do
do
i%
J.
J.
A
A
A
A
4
A
A
J
U.S. Treas., at maturity.
S N.Y Un. Trust, A Bost.
O
do
do
O, London A N. Y., Un. Tr.
8g.
A.
O
N. Y., Uuion Trust Co.
3» J. J N. Y., Union Trust Co.
5
D Boston. N. Engl'dTr.Co.
J.
5
N.Y., Un. Trust, A Bost.
M.AN N. Y., 40 Wall Street.
2 g F. A A
do
6g.
do
8
M.
7
A.
A.
,
June
July
1.
1,
1916
1919
Scut. I, l»3S
Dec. 30, 1888
Jan.
July
July
1,
1,
1,
Oct. 10,
Feb.
1.
1,
1,
Mch. 1,
Mch. 1,
Sept. 1,
Jan. 1,
April 1,
1912
1906
1905
1888
1923
Mch.
1901
1894
1894
1894
1908
1889
1881
1896 to 1899
1896 to 1899
Sept. 1, 1893
1889
April 1,1898
Oct. 1, 1915
July 1, 1908
Dec. 1. 1907
Oct.
1-10 yearly-
May
-
Aug.
1,
1,
1919
1895
The U. P. also has large interests in the Utah
Leavenworth Topeka A 8. W., 47 m.: Manhattan Alma
ated by Union Pacifle
Central.
A
230
m.;
Burlingame, 56 m. and Nevada Central. 93 in.; Montana Union, 73
in.; Montana, 19 in.; Utah A Nevada, 37 miles; South Park A Leadville
Short Liue, 8 m., Ogden A Syracuse, 6 m. Total of all lines which are
operated separately. 2,236 miles.
In 1886 a lease of the Oregon Railway A Navigation Company to the
Oregon Short Line, guaranteed by Union Pacific, was negotiated.
Organization, Ac—This company, the Union Pacific Railway, was
formed by a consolidation, Jan. 24, 1880, of the Union Pacific RR. and
the Kansas Pac. and Denver Pac, made under authority of the aots of
Congress of July 1, 1862 and July 2, 1864. The Union Pac. RR. was
chartered by Act of C jngress of July 1, 1862, whioh gave the company a
land grant of 12,800 acres per mile, estimated at a total of 12,083,227
acres, and a subsidy in U. S.bonds of $27,236,512 on 1,033 miles of road.
The Kansas Pacific was organized as " Leavenworth Pawnee A West
ern" in 1861; then changed to " Union Pacific, Eastern Division," June
6, 1863, and to '• Kansas Pacific" on March 3, 1869. The Pacific Railroad acts of 1862 and 1864 applied to this road, and gave it a subsidy
of $6,303,000 and a land grant of about 6,000,000 acres.
The Denver Paciflo Denver to Cheyenne, 106 miles— was built under
the charter of the Union Pacific, E. D. Kan -as Pacific).
As to the debt of the Paciflo railroads to the United States Government a decision of the U. S. Supreme Court settled the point that the
payment of interest on the loans was not obligatory on the companies
till the principal of the bonds became due.
Afterwards Congress passed
the Thunnan Act, May 7, 1878, which, for the Union Paciflo, provided
that 25 per cent of the net earnings, after deducting interest on the
first mortgage bonds and construction and equipment expenditures,
First
should be paid annually to the Government as follows
Applied directly to interest account, one-half of Government earnings and 5 per cent of net earnings, after deducting interest on
first mortgage bonds.
Second— To be placed in the sinking fund—
the other half of the Government earnings and so much of $850,000 ae
may be necessary to make all the payments by the company equal 25
invested
f»er cent of its net earnings. On Dec. 31, 1887, this sink, fund
n U. 8. bonds (par value) was $6,274,650, and the premium paid on
bonds and cash uninvested was $1,620,154; total, $7,893,804.
Stock and Bonds.—The capital stock issued and outstanding la
$60,868,500, having been increased about $10,000,000 since the consolidation in 1880. Dividends after 1879 were as follows: in 1880, 6
per cent; in 1881, 6%; In 1882, 7; in 1883, 7; in 1884, 3»a; none sinoe.
The yearly range in prices of the stock has been In. 1880, 80»113%
In 1881, 105 la® 131%; in 1882, 98i4®119%: in 1883. 70»«al04%: In
1884,28®845u: inl885,41»62*; in 1886, 44*4368 I4; in 1887, 44 363 \;
in 1888 to Nov. 16, inclusive, 48*66J«.
There are $18,000 Leavenw'th branch 7 per cent bonds due Jan., '96.
Of the Union Pacific collateral trust bonds, the first issue is limited to
80 per cent of the following bonds: Omaha A Republican Valley RR,
$1,010,000 C»l.ira.lii Central Railroad bonds, $2,051,000 Utah Northern Railroad, $2,326,000; total, $5,387,000.
The collateral trust
bonds of 1883 are secured by the following bonds Colorado Central RR.
$1,363,000; Utah A Northern RR. $2,178,000; Omaha A Rep. Valley
RR. $668,000; Omaha A Repub. Valley Kailicay, $2,108,000; Utah
Southern RR. extension $91,000; total, $6,403,000.
The outstanding bonds of Kansas Pacific above are given less the
amounts of each class held by the trustees of the general mort. The oonsoL mortg. trustees are Jay Gould and Russell Sage, a nd they held In
trust on Jan. 1, 1888, the following bonds ot the Kansas Pacific making
$6,799,150 In all, viz.: Leavenworth Branch, $58^,000; income (unsubordinatedlbonds. $217,750; income (subordinated) bonds, $3,948.4005
Cheyenne Branch Den. Pac. bonus, $2,051,000. They also held $1,997,500 of the stocks and $3,160,000 of the bonds of other companies
—
(
:
—
;
;
:
controlled
by the Union Pacific
Of the Kan. Pac. mnrts. that on the East. Dlv. covers the first 140 m.
west of the Mo. River, that on the Middle Div. the 253 m. following and
that on the Denv. Exten. the 254 m. next beyond. (394th to 639th m.)
Land Grant.— The proceeds of land sales on the Union Paciflo main
Une are applicable to the principal ot the land grant bonds, and after
that to the sinking fund mortgage 8 per ecu' bonds. On the Kansas
Paciflo the cash Income from land is applied to the consol. mortgage. On
Deo. 31 '37, the company had In cash from the Un. Pacific grant the sum
of $5,923,485, and in land contracts (with accrue 1 interest), $7,922,984; whioh sums are applicable first to the payment of the land grant
bonds, and then to the payment of the 8 peroent sinking fund bonds due
in 1893. On Jan 1, 1888 the U. Pac. lands unsold were 3,120,355
acres, estimated at $2,340,355; the K. P. lands unsold, 3,365,536 acres,
estimated at $10,171,379.
The sales In 1885, 1886 and 1887 were as follows
Union Paciflo—
1887.
1885.
1886.
Aores sold (net)
51,352
743,704
146,189
Amuunt
$74,123
$1,223,227
$178,326
Average prioe on gross sales...
44
65
22
$1
$1
$1
Kan. Paoiflo—
Acres sold
522.512
690.294
225.623
Amount
$2,817,159 $1,049,122 $2,514,643
Av. price (discounts deducted)..
4 93
$108
$4 68
Total acres sold
tira.SM
1,433,999
371.819
Amount
$1,040,3S6 $1,228,225 $2,588,766
NovnuzK,
1888.]
RAILROAD STOCKS AND BONDS.
l-H
Szl
!
!
*d
H
O
w
> W
Ws
Ul o 5
>\ cq
m
H^
o tn
H O
*4 a
<
.
:
:
SUPPLEMENT.
INVESTORS'
135
by <lrtaz Immediate notice
(subscribers will confer a great faror
DESCRIPTION.
Miles Date
of
For explanation of column headings, Ac, see notes of
Road. Bonds
on first page of tables.
Size, or
Par
Value.
Amount
Outstanding
n Pa*
dOol— 1st
L.
253 1866
394 1865-7
245 1869
427 1866
220 IBS'!
280
<'"•..
1870
105 .1879
138 1879
462 1878
468 18*6
18*7
180
87 1871
36 1874
16 1873
10 1883
97
31 66"-""70
12
12
1881
59 1879
91 1881
113 1881
59
1883
"50
24 1880
m.,g., gu. ($20,000 p. m.)..o*
Utah Central—Stock
1st mortgage, gold
Utah Soufhom, general mortg. (tn $1,050,000)..
Utah South. Exten., 1st M.. Juab to Frisco
Utah <t Nor.— 1st mortgage, $12,0 10 per mile
Cons. M. guar., $15.0*10 n m., a. f., not dr'n, g .c*
Equipment bonds (1-lOth payable yearly)
Vtica <£ Bl. Km>.—8fK,7p.c.perpet. gu»r.byR.W.&0,
c
Mortgage bonds
Black River A Morristown, 1st mortgage
A Theresa, 1st mortgage, guaranteed .. o
Ogdensburg A Morristown, 1st mortgage
o
Vtica Chen. •£ S\i»n. Vat. —St' k, 6 p. c. gu. by D. L. A W.
Clayton
Vtica Clintontt Btngkamton—IM mortg
Valley CY. YJ—8took. 5 p. c. guar, by D. L. A W..
1st mortgage (for $5 ;0.000)
Valley (Ohio)-lBt mortgage, Clev. to Canton
C
Consol. mortgage gold ( for $4.000,000)
o*
Valley f 7a.,)— 1st mortgage
o
Vermont <t Mass.— Stock, 6 p. ot. guar, by Fitchb...
Bonds of 1883 (guaranteed by Fitchburg RR.).o*
Vermont Valley of 1871—Stock
1st mortgage
The Kansas
$1,000
1,000
50 Ac.
1,000
100
1,000
1,000
1,000
1,000
1,000
any error discovered In these Tables.
Bonds — Prinoi INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by Slocks— Last
Cent.
1,000
100
500 Ac
100,
Ac
1,000
1,000
100
1,000
50
1,000
Operating expenses and taxes
Net earnings
Per cent of expenses
to earnings...
8,995,177
63-19
31*
7
7
•7
5
3
6
A7
2^
400,000
1,600,000
1,499,000
750,000
3,193,000
1,000,000
1,000.000
800,000
5
7
6
6
3
5
3
5
Un.
fr.
Co.
do
do
do
do
do
do
New York, 40 Wall St.
do
do
do
do
m.'a's.
N. Y., R. W. A O. Co.
A J.
A J.
A J.
A J.
M. A N.
J. A J.
J. A J.
F. A A.
J. A D.
M. A S.
A. A O.
A. A O.
M. A N.
J. A J
A. A O.
J.
J.
J.
J.
June 1, 1896
1895 to '97
A Frankf't. May 1, 1899
N. Y.. Blc. of Commerce July 1. 1916
New York A Boston.
Apr. 1, 1918
New York, 40 Wall St. Oot., 1884.
N. Y. Cent. Trust Co
do
do
do
N. Y., D. L.
do
do
do
July
A W. RR.
do
do
A
Co.
do
do
Bait, and New York.
Bost., 47 Devonshire St.
Boston. Fitchburg RR.
Bellows Falls.
Bost., Safe Dep.
1894
1898
1891
Nov.
1888
Jan.
1890
July, 1888
Aug. 1, 1911
June 15, 1906
Sept. 1,1921
Oct. 1, 1921
Oot. 8, 1888
May 1, 1903
Jnly 2, 1888
Oct. 1, 1910
Jan.
Utica. Oneida Nat. B'k.
N. Y.,D. L. AW.
N.Y., Drex., Mor.
Jan. 1, 1890
July 1, 1909
July 1, 1909
July 1, 1909
July 1, 1926
1-1 Oth yearly
Sept., 1888
Jan. 1, 1891
A Tr.Co
Jan.
1,
1,
1,
1,
1,
;
;
,
26,603.796 28,557,766
17,608,619 17,(>67,~,32
9,767,451
6 2 '32
I*
New York,
N. Y., Lend.
;
i
25,925.172
16,157,721
a."
Dividend.
Union Pacific Lincoln A Colorado.— This is a bramh of the
Kan. Pae. Ry.. running westerly from Silina to a junotion with the Kan.
Pac. at Oakley, Kan., and may ultimately- be built to Denver and Canyon
City. Col. The 220 m. already co-noleted is a oousol. of the Sal. Lin. A
West. Ry. aid the Oakley & Colby Ry.in Kansas, and new road connecting the two. The bonds are sruar. by Un. Pac, bvendorseraent; trustee
of mortg. Is the Am. Loan A Tr. Co. of Boston
sink, fuud of 2 t of 1 per
oent yearly, but bonds oannot be drawn. ( V. 47, p. 490.)
Utah Central— (See Map Un. Pacific)—From Ogden, Utah, to Frisco,
280 miles. Extension westward, 85 miles, p-oiected. A consolidation
July 1, 1881, of the Utah Central, Utah Southern and Utah Southern
Extension. Union Pacific owns $1,886,900 stock and $982,000 Utah
Southernbond-i. For 1887 gross, $797,343; net. $333,625; fixed charges,
$338,184; deficit, $4,558. In 1886, gross. $771,800; net. $312,965
charges, $355,996 deficit, $13,031. (V. 45, p. 203; V. 46, p. 771.)
Utah A Norther n— ( See Map Union Pacific)—From Ogden, Utah,
to Garrison, and the line of Northern Paoifle, with branches to Butte
City and Anaconda Mines total, 466 miles (153 miles narrow gauge),
but 58 mi'es, Silver Bow to Butte and Garrison, are leased to Montana
Union. This road forms a connection between the Northern Paciflo at
Garrison, Montana, and the UnioE Paciflo at Ogden. Stock $5,543,000,
and 6 per oent dividend paid in 1884, and 1 per cent Jan 1885. The
road was built by Union Pacific which owns $1,816,400 stock and $4,968.000 7 per cent bonds. The consolidated bonds are stamped with
the U. P.'s guar, of principal and interest. Improvements and change
of gauge have been oharged to operating expenses, causing deficit as
shown below. For the year 1887, gross earninas, $1,863,990; net,
$260,211; deficit under oharges. $111,711. In 1886, gross, $1,805,592
net, $350,561 deficit under interest, $14,565.
(V. 47, p. 383, 442.)
Utlca A Black River.— Utica, N. Y., to Ogdensburg, N. Y., 134
miles Carthage to Sackett's Harbor (leased), 30 miles
Clayton to
Theresa, 1 6 miles total, 180 miles. In April, 1 836, the road was leased
in perpetuity to the Rome Watertown A Ogdensburg RR. Co. at a rental
guaranteed to pay fixed charges and 7 per oent yearly on the stock. In
Jan.. 1888, stockholders had the option of exchanging their stock on the
basis of 100 shire- ($10,000) for $6,500 in R. W. A O. 5 per cent consol.
bonds and $7.50 In R. W. & O. stock; and iu this way the R. W. A O.
acquired a majority of the stock. (V. 46, p. 76.)
I'tlca Chenango A Susquehanna Valley.— Owns from Utica,
N. Y., to Greene, N. Y., 75 miles; branch to Richfield Springs, 22 miles;
total, 97 miles. Road opened Ootober, 1872. Leased to Del. Lack. A
Western at 6 per cent on stock. Has no bonded debt.
Utlca Clinton A Blnghamton.— Owns from Utica, N.Y., to
Randallvllle, N. Y., 31 miles, and leases Rome A Clinton Railroad, 13
miles. Total, 44 miles. Opened June 22, 1872, and leased to N. Y. A Os.
Mid. RR. during continuance of chart-r and renewals thereof. Lease
transferred tc the Del. & Hud. Canal Co.,which pays rental of $70,500 per
annum for U. CI A B. and $25,500 for Rome te Clinton. The road is
operated by the N Y Ontario A Western. Gross earnings in 1886-87,
$207,530; net, S74.800; surplus over rentals. $4,840. Capital stock,
$310, 285, of which city of Utica holds $200,000, with interest guaranteed 5 per oent. James I Scollard, Pres.. Clinton, N. Y. (V. 47, p. 188.)
Valley (N. Y.) Railroad.— Owns from Binghamton. N. Y., to State
Opened October, 1871. Leased to
line of Pennsylvania. 12 miles.
Delaware Lackawanna A Western at 8 per cent per annum on stock,
which
reduced in 1882 to 5 percent, the.
par,
was
$100),
($750,000;
lessee assuming the interest on bonds. Samuel Sloan, Prest.. N. Y. City
Valley (Ohio).— Owns from Cleveland, O., to Valley Junction, O.,
75 miles, and 16 miles of small branches. Of the consol. mortgage
$1,600,000 is held intrust to retire the first mortgage when due. The
consol. mortgage is a first lien on the Cleveland terminal property
Capital, $1,261,032. par $50. Earnings in 1886, $623,450; net, $239,286; surplus over all interest, $30. 14. Iu 18-17, gross, $571,395 net,
$300,175 surp. over all int. $ 47,727.
Valley (Va.)— Owns from Harrisonburg to Lexington, Va.. 62 miles.
Bv this and connecting linen under B. A O. control, the distance from
Lextngton is 213 miles to Baltimore and 217 miles to Washington. The
Baltimore <fe Ohio has a large interest in its securities.
St >"k outIn year ending Sept. 30, 18-17, gross
standing, $2,731,839; par $00.
earnings were $122,272; net, $48,369; 1885-86. gross receipts, $125,-
from the 380th mile westward, are cover"""
Extension mort. (covering 394th to 639th mile), and
Kan. Pn- by the consol. mortgage.
Operations, Finances, Ac—The company has -attended rapidly and
built and acquired much new mileage, of which flie Utah Northern and
Oregon Short Line are two of the most import mt branches.
For the half year ending Jane 30, '88, the report was in V. 47, p. 500.
From Jan. 1 to8ept.30, 1888 (9 mos.). gross earnings were $21,292,905,
against $20,781,8 13 in 1887; net, $-1,121,994, against $s,444,252.
The annual report for 1887 was in the Chronicle, V. 46, p. 535, 540,
and the following figures were given for the whole sytein operated
OPERATIONS AND FISCAL RESULTS.
1887.
1885.
1886.
Miles operated Dec. 31
4.764
4,519
4,594
Passeneers carried one mile
188,237,416 248,523,010 262,913,074
Average rate per pass, per mile.. 3-05ets.
2 45 cts.
•Tons freight carried one mile.. .994.780,223 1114102852 1850525946
Average ate per ton per mile
1-62 ots.
1-46 cts.
Burnings from—
$
$
$
Passengers
5.809.018
6,096,237
6,595,779
Freight
18,193,255 18.5S8.744 19.956,467
Mail, express and miscellaneous... 1,922,899
2,005,511)
1,918.815
Pacific lands,
first by the Denver
all the lands of the
Total earnings
J.
2.223,000
1,107.000
500,000
200,000
143,000
4,000.000
790,000
750,000
Whom.
Payable
A D.
an.
7*M. A 8.
A O.
5* A.Q.--J.
?* J AA J.
J.
7
J. A J.
7
J. A J.
J. A J.
$1,063,000
6,303,000
6,131,000
109,200
4,400,000
4,225,000
1,000.000
1,950,000
1,950,000
4,995,000
1,907,0)0
320,000
Too
500 Ac.
500 Ac,
500 Ac
XLVIL
<>|
—
Union Pacific— ( Continued)
Kansas Pac, 1st M.. Middle Dlv.,$16,000 p.m., g.
do
2d M.lto U.S.Gov.) ou 394m. W. Mo.R.
do lBtM..DenverEx.,l.g.,3,000,OOOaos.o*Ar
Inoome bds, 3d M.on 427 miles, coup.
do
fVoL.
10,890.014
01-87
;
;
*
Not including company's freight.
INCOME ACCOUNT.
;
1885.
Receipts—
Net earnings
9,687,441
1,382,811
10,335
Income from
in vestments
Miscellaneous land sales
Investments, premiums, Ao
From trustees K. P. con. mort
Prollt
and
207,110
—
.
Interest.— auxiliary- lines
Land taxes. Ac, Union Div
Loss on Leav. Top.
and
A 8. RR.
1887.
$
$
8,9fl5,179
10,890.034
1,03 ',552
15,904
890,020
13 015
670,341
1,113,600
101.927
loss
Total Inoome
Expenditures
intereston bonds
Discount ami interest
Losses on invest., prem.,&c
Sinking fund, company's bonds
Profit
1886.
$
>
17.H50
11,287,697
11,784,082
11,954,310
5,336,267
356,138
93,945
593.605
1,191,010
39,920
21,579
5,197,731
67,224
5,134.560
160.15T
591,965
1,293.399
62,640
11,722
1,331,372
53,653
7,632,464
3,655,233
1,184,053
7,229.681
4,554,401
808.033
7,578,954
4,375,386
1.205,656
2.471,180
3,746.368
3,169,730
113,490
587.670
loss
198,050
Total expenditure
Surplus Inoome of the year
Deduct U. 8. requirements
Total surplus income
The condensed balance sheet for three years is as Follows
GENERAL BALANCE AT CLOSE OK EACH YEAR.
1885.
,
Assets—
$
Road, equipment, Ao
159,298,919
Slooks and bonds owned, cost.. 30,233.527
Miscellaneous investments
680,891
Advances
3,415,280
Materials, fueUAo...
1,683,432
Cash and cash resources.!!!!'.'."
Denver Extension sink'gfund.
Tru-t 5 per cent. Ac. sink, fund
Bonds and -toc.ks held in trust.
Land department assets
1886.
,
1887.
$
$
61.283.688
35,529.187
162,522.103
755,750
5,697,670
2,889.218
1,351,190
638,639
68,818
3,217.250
18,599,519
751,098
4.570.42S
1.632,105
401,689
759,043
124,285
3.217,250
19,742,124
.220,279,509
230,030,959
235,961,5S0
60,868,500
SJ«7*eanebt
81,957,682
united states subsidy bonds... 33,539,512
Accrued Int. on subsidy bouds. 15,167,214
Floatlngdebt
U, R 61,445
Interest accrued not duo
774,104
General Income (profit and loss) 110,493,2s4
for sinking fund..
2,976,631
Land and trust inoome
18,641.131
60,868,500
81,969,127
60,808,500
80.180.655
33,539,512
16,363,744
Total
"
Lo'nlUiet-
£?<*
.
y-,-,-
1
Total liabilities
226.279 509
1
42, '241.161
33.5.-19,512
15,670.753
758 493
13.827 456
3,568,599
19,828,519
230.030.959
1
;
18*35
'" oludi "«
(V. 43, p. 608; V. 45, p. 673.)
road, Fitchburg to Greenmiles:
branch, 3 miles. The road is leased to the Fitchfield, Mass., 56
burg RR. for 999 years at 6 per cent on stock. (V. 43, p. 636.)
Vermont A Massachusetts. —Line of
727,469
16.826,177
4,1 'e. 269
23,299.260
235,961,586
with
916,704 duo '» U- 8 under Thurman Act, paid In Apr!',
aVrViJg; Jft
-
2
5 39:
5°„b .
V 46 p
'
'
'
38 321> 525
'
'
53S 539 640: y
'
'
;
,
667; net, $37,303.
1,u ln K ?>«<•' of U 8. requirements, as compared
JJiSS
acoTucdfi.f
interest on U. S. bonds Keb. 1, 1X80, to date.
;
;
;
-
Vermont Valley of 18T1.— Owns from Bellows Falls to Brat24 miles, and by purchase of stock the Sullivan County
RR. from Bellows Falls to Windsor. Vt,. 26 miles; total. 50 miles. Controlled In the interest of the Connecticut River Rlt. The Sullivan
Couuty RR. stock is deposited as collateral security for the. above
mort, bonds. Gross earnings. Ac. for whole line In year ending Sept. 30,
1887, were $406,349; net $126,370
tleboro. Vt.,
A
Vlcksburg Meridian.— Link of Road.— Vicksburg to Meridian,
branch, 143 miles. In Oct., 1885, the gauge was changed to the
standard 4 feet 8>« inches, and the transfer across the Mississippi at
Vicksburg was completed. It is mainly owned and controlled by the
Ala. N. O. Tex. A Pac. Juuc Co. The company was unable to earn full
interest, and reorganization was made in 1881. Preferred stock, $1,940,Miss., anil
November,
1888.
|
KAILROAD STOCKS AND BONPH.
1*7
C
;
:
INVESTORS' SUPPLEMENT.
198
[Vol. XLVII.
Subscriber* will confer a great fiYor by glvlug Immediate notice of any error discovered In these Tables.
Bond*— Prinol
INTEREST OR DIVIDENDS.
DESCRIPTION.
r
explanation of oolinnn Headings, Ac, see notes
on
first
page of
tables.
Tiektbvry 4 Meridian— \nl mortgage
2(1 mortgage, lat on lands
8d mortgage lnooine (not cumulative)
Tiektb. shrrrrp. <f Pac— Prior lien mort., gold . ..c*
c*
1st mortgage, gold
c*
8d M.. andlst M. on land. g.. for $2,500,000...
old
6s)
also
$139,000
are
Inc. bds.. non cum. .there
Tity»< ut Midland—Stock
Bonds, 1st series
2d
3d
du
do
do
do
do
Miles
of
140
140
140
189
189
189
series
series
4thseries, 3 per oent for 10 years.
5th series
6thserles, 4 per cent for 8 years
Income mortgage bonds strictly cumulative
Oeu'l mort., int. guar, by K. A D., $1 2,500.000.
pilo. aud Int. guar, (endorsed)
do
Tiroin iu ,e Truck**— 1 st M. (pay 'ble $100,000 a year)
Wabash St. Lou.il <* Pacific—Stock, common
Preferred stock, 7 percent (not cumulative)
1st mort., gold (Chic. Div.)
1st mort., gold, Detroit Division
Walmah, 1st mort. (Toledo Illinois)
&
1st mort. (Lake Erie Wab. A St. L.)
1st mort. (Great Western of 1859)
1st mort. (Quincy A Toledo)
1st mort. (111. A So. Iowa) extended
2d mortgage (Toledo & Wabash)
do
do
do
do
do
do
do
2d mortgage (Wabash A Western)
2d mortgage (Great West, of 1859)
ToL W. AW. Con. M.,
(on all but Dec.
&
E. St.L.)..
Date
Size, or
of
Par
Amount
Outstanding Rate per
Koad. Bonds Value.
347
347
52
956
1881
1881
1881
1835
1881
1886
1887
1881
1881
1881
1881
1881
1881
1882
1886
1886
1874
$1,000
1.000
Cent.
A O.
A N.
I* M.AN.
«!: J. A J.
$1,000,000
1,100,000
1,917,000
1,323,000
4,000,000
2,100.000
494,860
4,940,363
600,000
1,900,000
1,100,000
943,800
1,775,000
1,309.000
191,000
3,779.000
882,000
200,000
500 Ac.
1,000
1,000
1,000
Too
1,000
1,000
1,000
6
3-1-5 g. J.
1881
1853
1853
1863
1865
1862
1853
1858
1865
1867
1,000
1,000
1,000
1,000
1,000
1,000
6
6
3-4-5
5
4A5
6
5
5
10
4,500,000
2.052,000
900,000
2.500,000
2,496,000
500,000
300,000
1,000,000
1,500,000
2,500,000
2,610,000
500 Ac.
250 Ac,
100 Ac
1,000
1,000
A
J.
pal, When
Last op. paid Apr., 1,885 April
Last op. paid Nov. 1884 May
,
June
N. Y., Central Trust Co.
N.Y., Farmers'L.AT.Co.
N. Y„ Central Trust Co
7*-
T
7
7
6
7
7
7
7
Nov.
Jan.
Jan.
1,
1,
1,
1,
1,
1,
Jan. 1,
A
A
A
A
A
A
J. A
M. A
M. A
M.
M.
M.
M.
M.
M.
S.
8.
8.
S.
8.
8.
J.
N.Y.,Rich AD., 2 Wall
do
do
do
do
do
Last paid July, 1884
N. N.Y., Central Trust Co.
N.
do
do
Q.-F. San Fran., Bank of Cal
Int. on certif's for
bonds assenting to
A
A
A
A
F. A
M. A
F. A
M. A
M. A
M. A
J.
J.
F.
P.
the plan was paid
Nov. 1. 1888, by the
Cent. Trust Co., 54
A,
Wall St. Coups, on
A. Vail the 1st m. bonds
N (except Det. Div.)
A
June, July, Aug.
N Idue
or Nov. 1,1886, aud
N.
coups, on fund, debt
J.
J.
A.
N
bonds (sec. by 1st
M. coups.) due Aug.,
1921
1921
1921
1915
1920
1916
1920
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
1,
1,
Jan.
Aug.
1,
1,
1,
l,
1906
1911
1916
1921
1926
1931
1927
1936
1936
1889
July
July
Aug.
Aug.
1,
1,
1,
1,
1910
1921
1890
1890
May
May
I,
1,
1,
1,
Aug 1888
,
Nov.
Aug.
I
Q.-F.
Due.
Payable, and by Stocks— Last
Whom.
Dividend.
4
"6"
Hi
1880
A.
M.
(«>
262
112
75
J 67
180
33
29
75
167
180
490
When Where
payable
May
May
May
l
Feb.
1,
1,
1.
1,
1,
1,
1890
1912
1893
1893
1893
1907
612; common stock, $3,962,100. A receiver was appointed in 1885 and eluding Front Royal Branch and lease of road from Strasburg to Harrisan (uiilme of the proposed plan of reorganization was given in the sonburg to the B. A O. RR., and a fifth lien between Alexandria and
Chronicle, V. 46, p. 66a. Foreclosure proceedings under 2d mort. are Gordonsvllle, including Warreuton B-anch and lease of Charlottesville
in progress, and road 1< to be sold Deo. 3, 1888 (V. 47, p. ix. adv ); 2d k Rapidan RR., and a fourth lien between Charlottesville and Lynohmort. is a first lien on 133.069 acres of land. Annual report for year durg; the sixth series is a first lien between Lynchburg and Danville,
Including Pittsville Branch and lease of Franklin A Pittsylvania RB.,
ending March 31, 1888, In Chronicle, V. 46, p. 649.
and a sixth lien on lease of Charlottesville A Rapidan Railroad.
KBC'KIITS AND EXPENDITURES FOE YEARS ENDING MARCH 31.
The income bonds are exchaugeable Into the general mortgage bonds
1886.
1888.
1885.
1887
bearing 5 p. c. interest, and guaranteed under the lease by the Rich. A
Miles road operated
140
140
143.
143
Danville RR. Co.
Earnings—
Of the $12,500,000 general mortgage bonds of 1836, $7,635,000 were
Fasacnger
$169,162 $164,818 $155,903 $161,072 held to retire the serial bonds, also enough for the
incomes. See abFreight
296,973
307,609
345,268
351,736 stract of mortgage V. 47, p. 23. General mortgage
bonds Nos. '2.501
Hail
11,927
13,089
13,106 to 2,650; 3,501 to 3,732, and 4,001 to 4,500, all
13,105
inclusive, bear the enExpnss
6,445
11,100 dorsed guarantee of the Richmond A Danville.
7,467
10,303
There
was due the
Miscellaneous
11,095
10,320
8,747
7,191
Total
$495,603
443,939
Operating expenses
Het earnings
$503,304 $531,772
426,498
484,362
$547,761
423,413
$76,806
$47,409
$124,348
$16,741
114,083
15,894
4,416
$18,285
125,083
14,232
4,298
$18,134
126,000
41,711
4,632
Tot,paym'tscharg, bletorev.$133,6tl0 $151,135 $161,899
Net deficit
$81,997
$74,329 $114,189
<V. 45, p. 54, 113 V. 46, p. 228, 649, 669; V. 47, p. 382.)
$190,478
$66,130
$51,603
Chargeable against revenue—
Jortax<-s
$17,550
For inierest on bonds
104,000
For int. on floating debt
7,633
For expenses of lunddep't...
4,477
—
;
Vlcksbnrjj Slireveport &. Pacific.— (See Map Cincinnati Kew
Orleans <t Texas Pacific.) From Delta, La., on Mississippi River, to
Bhreveport, 170 miles, and oxtension to Texas 8tate Line. 18 miles
(the latter leased to Tex. A Pac); total, 188 miles. The oldVicksburg
Bhreveport A Pacific road was sold in foreclosure Dec. 1, 1879, and
reorganized under present title. The stock is $1,650,000. of which
the Alabama New Orleans A Texas Pacific Junction Railroad Company holds a majority, and also $3,692,000 of the 1st mortg. and
K65.600 3d mortg. bonds. In 1885 it was voted to issue the above
prinr lieu bonds lor improving the road bed, completing the transfer
acn.Bs
the Miss. River, <&o.
Till 1891 the
3d mortgage bonds
cairy 3 per cent, then 4 per cent till 1894, and thereafter 5
per cent. Net proceeds of land sales go to payment of interest
on these bonds if necessary, otherwise to sinking fond; no bonds
drawn (see V. 43. p. 104). Lands unsold June 30, 1888, were estimaied at 2/8,950 acres, 58,590 acres having Been sold for $155,291
in year 1887-8. Trustees of prior lien mort. and of 3d mort.. Central
Trui-t o.; of first mort., Farniets' Loan A Trust Co. Tne annual
report
8
p 2s4 r,I n year ending June 30, 1887, gross receipts
I"«™ '!!-V.-.iTv,
*a64,317; net. $144,899; detioit UQaer interest, S187.804; in
88,
net, $185,934; deficit under Interest, $177,Jlf'i?;*.'?
683. (V. 45, p. f«°*,256;
637; V. 47, p. 884.)
'
w
-
•farlnla Midland.- (See Map of Richmond A W. P.
Line
-.7
or Road -From Alexandria to Gordonsvllle, 88 miles;Term.)—
Warrenton
Branch, 9 miles; Charlottesville to Lynchburg. 60 miles; Lynchburg
to Dauyllle, 6o miles; Pittsville Branch, 9 miles; Manassas
Junction
to Harrisonburg, 114 miles (of which 49 miles leased
to Baltlmote A
Ohio; small branches, 8 miles; total owned, 347 miles.
Leased. Orange
C. H to Charlottesville, 28 miles; Pittsville
to Rocky Mt., 30 miles;
total leased. o8 miles.
Total owned and leased, 413 miles, of which 51
miles, otraslmrg Junction to Harrisonburg, is leased
to the Bait. A Oliio,
leaving J62 miles operated.
M1,1Iand & Great Southern was a con1
?,
3aJ££I&!&2*
V e mb0SP^cXStfte
18T
Alexandria A Manassas and
^ o» t«eO'-»nge
2S2.iHm?J * T ,
n',
The Orange Alexandria A Manassas
.T„™L,m
SSTiS! railroads.
Uat
1
18,i7
f the Orange A Alexandria and the
-'
HS"*,
S2,£^« i' The
r." Washington ?
City Virginia Midland A Great SouthiS^SoMS; t ,e i
°'
» rec lve r J'Hy 1. 1876, interest being in
SEanH ™S »l« l ,i" "";
u ^closure
May 13, 1880, and after litigation
io/d JmETiZ. on °i'n
fieor * aul20d
Virginia Midland, anaconda
'
-
S2
«
>
«'
1
~
SSXL'iiu^iuSvi.
a ea8e °' tWs ro ad wa made to tne Richmond A Dan,
5
»ii£ fJmV.VtSSi
i Payment
.
le ,a B of
of the fixed charges and the payment
kJ tbl Jl ! 7 U »balance of
net earnings to the Va. Midland Co. The
?lZl«™,?l* ?
advance the money for interest on the six
\Ut
K^hI;
L
\rVj
,
T
^yX^moA^n^Ji
oV
n U
,nret
Ie
»"»*>*<**> »ut guarantees posl-
,n
Bcrle8 ,s a "rat lien between Alexandria
5
n 1,mlu
,K lea8e of Charlottesville
Rapidan RaUrnad
S
and « War";',V£.
anathewairei
ton Branch;
the second scries is a second lien between
r
l
«n?n!'tE!;
m
n
.'
\
A
ctarlo^svlh,^
an! LrnHd
m„
L? iT ?>HaD(1 "first lien between Charlottesville,
"5? (,Cr1e* ls ? tmrrt " eu between Alexandria and
e5dV£.vlMM £5*5 i."f.
Wnrrenton Branch and lease of Charlottesville
*Kir?(?ai RR *
inf
n
8e
1
e
be tween Charlottesville and LynehIkii?- tl e yroun
n nn'h
ri.? is aT"
h Series
fourth K
lien .between Alexandra »nri u,,wi,,„,
2n"'.
,
(
.
leu D Iwe «-'>> Charlottesville and Lynchburg;
?
the fifth
aark.
mtHMTu
U «a «Vl
first™iUcn K
between Manassas Junction and Harrisonourg, in
R. A D. Co. Sepr. 30, 1887, $304,032.
From Oot. 1, 1887, to Sept. 30, 1888 (12 months), gross earnings were
$1,770,677, agst. $1,605,917 In 1886-7; net, *732,634, agst. $620,535.
Earnings for the years ending September 30 were
Miles.
Gross receipts. Operat'g exp'ses. Net receipts.
1883-84....
354
$1,625,830
$999,217
$626,612
1884-85....
354
1,554,375
990.432
563.943
1885-86....
354
1,551,703
1,032,431
519,272
1886-87 ....
367
1,635,667
1,051,739
583,929
New York Offloe, 2 Wall St. (V 45, p. 85 V. 46, p. 418,699; V. 47,
p. 22, 161,532.)
Virginia
Truckee.— Reno, Nov.. to Virginia, Nev., 52 miles.
The bonds are payable $100,000 per year. Stock, $5,000,000; par$100.
Gross earnings in 1886 were $702,891; net, $353,544; dividends,
$270,000; interest and bond payments, $303,170. In 1887, gross,
$720,428; net, $3i8,999; interest paid, $22,575; dividends. $273,750;
bonds redeemed, $100,000 ; deficit, $37,326. D. O. Mills. President.
St. Lonls
Pacldc—The roads East of the Mississippi
River (operated by Receiver John McNulta, except the Detroit Division)
embrace the following pieces covered by the several mortgages: Toledo
A Illinoisflrst mortgages—Tolelo to Indiana State line, 75 miles; Toledo A
Wabash, second mortgages -Toledo to Indiana State line, 75 miles; Lake
Erie Wabash A St. Louis, first mortgages— Ohio State line to Illinois State
line, 166 miles
Wabash A Wester.), second mortg.ige, Ohio State line
to Illinois State line, 166 miles: Great Western of l->5;», first and second
mortgage-Indiana State line to Mered si a and Naples. 111., 180 miles;
Iliiuois A Southern Iowa. 1st mortg ige— Clayton to Carthage, III., 29
miles; Quincy A Toledo, 1st moitgage— Clayton to Meredosia, 111, 33
miles; Decatur A East St. L mis, first mortgage -Decatur to E. 8t.Lonis,
103 miles; Hannibal A Naples, 1st mortgage -Haunibal" Mo., to Naples,
111., 50 miles ; Wab. St. L. A Pacific (Chicago Division), 1st mortgage—
St.reator, III., to Effingham and Altam >nt aud Strawn to Chicago, 268
miles; Wab.St.L. A Pac. (DetroitD v., operated by Wab.AW.) 1st mort.—
Detroitto Butler, Ind., 114 miles. The total mileage operated is 956.
Organization, Leases,
The Wabash St. Louis A Paoiflo was
formed Nov. 7, 1879', by a consolidation of the Wabash and the St. Louis
Kansas City A Northern roads and their branches. The Wabash Company had been organized Jan. 1, 1877, as suoeessor of the Toledo Wab.
A West., which company was formed June 25, 1856, by a consolidation
of several companies, and defaulted on its interest in 1875 aud was foreclosed June 10, 1876. The St. Louis Kansas City A Northern was
formed in 1871 as successor of the North Missouri Railroad, which was
sold in foreclosure August 26, 1871.
In April, 1883, the Wabash St. Louis A Paciflo was leased for 99 years
to the St. Louis A Iron Mountain (and tuns to the Missouri Pacific), on
the general basis of paying over to the Wabash its net earnings each
year, but in May, 1884, Messrs. Solon Humphreys and Thos. E. Tutt wero
appointed receivers ou the company's own application iu view of the
prospective default June 1 on the general mortgage bonds. Receivers,
certificates were issued for about $1,400,000 and notes for $2,183,000.
to take up notes endorsed by Messrs. Gould, Humphreys and others, but
these were finally taken up by leaving to the said endorsers the $2,700,000 of collateral trust bonds held by them as security
The plan of reorganization under wliich the properties were sold in
1886 was published, as modified, in V. 41, p. 300, providing for the
issue of $30,000,000 new debenture bonds, to be disposed of as there
stated ; also the following points were embraced in the plan:
The whole property to be foreclosed under the general and collateral
trust mortgages, anl upon receipt of the new debenture bonds, the holders of general mortgage and collateral trust bond certificates to pay
two per oent in cash ou the face of the new bonds, for which they would
receive debenture bonds or scrip.
After the formation of the new company, the Purchasing Committee
to otter the new stock to the stockholders of the Wabash St. Louis A
Pacific Railway Company, at the rate of eight dollars per share on preferred, and six dollars per share on common stock, who, for the amount
so oaid, to be entitled to debenture bonds,, or scrip, dollar for dollar,
in addition to the shares in the new cotupauy.
The bondholders agree to take any stock and debenture bonds not
accepted by stockholders, upon the same terms, pro rata, the amount,
however, not to exceed five per cent on the face of their bonds.
The decree of foreclosure was made in January, 1886, and the road
sold April 26, 1886, to the purchasing committee, who were the only
bidders, the price for all the properties sold being $625,000. (8ee
V. 42, p. 537.) But there was some delay in the confirmation of
&
Wabash
A
;
Ac—
-
.
November,
.
.
:
.
:
RAILROAD STOCKS AND BONDS.
1S88.]
II*
•iubscribers will confer a great fnor by -rlvlns Immediate notice of any error dlacoTered In these Tables.
Bonds— I'nuelDESCRIPTION.
INTEREST OR DIVIDENDS.
„,
—
A1I6S
81ze. or
Due.
Amount Rate per When Where Payable, and by pal.WTien
of
Par Outstanding
Slockt— last
Par explanation of column headings. Ac, see notes of
Road Beads Value.
on first pave of tables.
Cent.
Payable
whom.
Dividend.
—
j
Wabash St. Louu at PariAe— (Continued )
Wabash. 1st mort., (Decatur A K. St. Louis)
do
Fund, debt bos. A sc.eeru. (see remarks.)
Mort.. cold. sink. fd. 929.000 after '82.
do
Hannibal A Naples, 1st mortgage
Wuba.h Watern Stock
Bt. L.K.C. A No.. 1st mort. (North Missouri) ...
real estate 4 rail w ay 2d mort
do
do 1st A2dM.onSt. Cnur lsndge.eoup.orrg
8t Lotus Council Bluffs A Omaha-8to<lst mort. on St. LouU Ottumwa A C. B.
Des Monies A Northwestern- 1st mort.
War* Mi wmr St ock 7% rental guar.B99rnuB.AAlb.
,
i
% perp. guar.
(KJ.i-eiock. 7
2d
109
1
A W...
D. L.
1st.
euA.m/fcm Cuw *
e
Consolidated mortgage
r
Ocrm. City BB. bonds
Bwedesboro BR. binds
the
floating
I
*o
1879
1,000
1865
1874
1878
l.obo
1.000
1.000
1887
1,000
BM
ibo
so
100
42
ll
115
49
1
1-70
1875
1-73
50
3-
l-t;.;
600**
63
1869
l-7y
olHJ ,Ve.
.Suo Ae
ua
ii
74-,.-..M.
6
1.100
100,000
loode
20
'.UOO
6
7
90000
6
1882
car
Including
34
7
478
receivers' debt,
7-:..7io
1880
.,..,..;<>
6
6
50,000,000
4
belof
Ac.,
i
*t
news or coxsolidatiox, aor.
3H.0OO
100 Ae.
I.OOO
1887.
J.
A
A
A
J.
A" J.
F.
P.
were paid, with
A.
'8P,
A.
6o.i-.lnt.,
IsO.
D.
4 S.
A O.
A.AO.
J. 4 J.
J. 4 J.
A. 4 O.
A. 4 O.
M. 4 9.
J. 4 D.
M. .v *.
J. 4 J.
4 O.
4 N.
4 A.
4
4 N
Aug.. 1889
Feb. 1, 1907
April 1. 1909
Dco.1,'88.
List coup, on oilier
.ml- was paidin'8 i
1 1
.
do
do
do
do
M.
A.
June
rtne.oii,
do
do
do
do
I,
1,
1037
Oct.,
Huxt.4 Alb.
A W.
1909
1895
Sept
1895
1903-1908
RR
July
1.
H99
July, 1698
RR.
1*88
do
do
April 1, 1900
do
do
March 1, 1905
Baltimore. Bait. O.RR. Juuel. 1913
Phlla.. Office, 233 So. 4th Soot. 15, 18.-8
do
do
Jan., 1896
do
do
Oct.. 1999
do
do
Nov., 1909
do
do
Aug.. 1925
do
do
1R98
do
do
May 1. 1913
PhiL Olllee, 233 8o. 4th *ept. 15, 1898
8. Pluto., Fidelity I. T. <Jo. Kept. 1, 1910
J Phila.. Penn. RR. Office. July 1, 1910
J. N. Y Or'd Cent. Depot Jan. 1, 2361
N.Y., Del., L.
Oot
,
.v.
MAS
MA4
J.
J.
4
,
WabasU Western.- The road owned Includes those parts of
the former Wabash St. Louis 4 Pitcltlo west of tin. MMiiaslppI River that
rem lined In the system when th; purcliaslii ' oointiiittoe took i«M-i>.*ion
la Maroh. 1887: alsooertain lui^i eait of ttio Mis-l-.lppl that .liiiLre
Cooley did not lake. The total ludeag.i operated Jau. 1, 1884, win re:
ported by the Wabash Western as 1.001 miles, madn up an follows.
Western Dlv.—St. Louie to Kansas City, 277 miles; Vluo St. to F-rgu.
aas, IBavi Centraila to C-ilumbia. 22 m.; Glasgow to Salisbury, 15 m;
Mouerly to Dos Moines. 212 tu Brunswick to Pattonshiirg, 80 m.; Albla
to Harvey, 23 m.: total, 641 miles. Eastern Div.-Djlrolt to C'lymors,
218 m. Laketon June to Chloaro (C. 4 A. R R.I, 123 in. Atii.-.-i to
Covington, 15 m. Sidney to Champaign, 12 in.; tota 363 in. Total
;
:
,
:
mileage operated.
1
,004 mll-s.
The St. L. OuumwsA C. R. RR. was taken in by consolidation In Nov.,
1887, and Imnds were ls«u -1 ou the roa.1 hcarinr 7 o.ir oeut. uiior -st
Oct.. 1899, then 6 till 1891 and 5 per cent therjaft. r.
rti
D « M.
A N. W. bonds are not guaranteed, the road being in -r.-lv leaded and
operated by W. W. Annual report for 18-17 in V. 46, p 319, ai follows:
1887.
Oross earning*
•6,519.061
Operating expenses
4,680,134
till
-
On Nor. 31, 1887, a plan of settle-nan*, and consolidation was pule
by the purchasing committee and the bond holders' committee
which embraced the follow tng eaUeat nutate.
"
1. Cash for all overdo*
• coupon* of lie Irst mortgage and funded de'-t
Net earnings
or scrip. except tie Detroit Divl-lou. with Interest on same to Miscellaneous receipts
il-rl.'-r. ip-.n.l.
deposit of bonds under this agreement.
first iu.ru..-.- f..ro> rntne. on .>..ns..r sw»St«nl
.n.:. of th. n.-» flr-t
Net revenue.
sc.and funded de'.t
serin. and the Detroit Dlv..«itt> Taxes, rentals, interest, Ao
and" for ove doe coupons on con
to November I, 1887. and
ortjffssn. funded dent and scrip of »nme, a id the Wabash
Surplus for 1887
llahtd
1,
Bk. of Commerce, July
Y..
I
2>e
1.U..J.V.'
•boot B4.000.0OO, and there ret remained a large amount ,,f over
doe Interest on the prior mortgage liens. Toe Committee of Reorganise
Hob Is June. 1806. propn» d to Ike holders of all mortgagee on the n«d
east of the Miss. Blver that their futore Interest should be reduce! to 5
percent and orerdoe Interest fnaded to 18-6, (see proposal in V it,
000). Boaw bondholders -de oppeartlon to this, end after litigation
ft.
he neelrers Tut t and Humphreys were remored by an order of j udge
Ouabain and Judge Tbos. M. Cooler was appointed receiver uf most of
Ska Unas seat of the Mini. River, and he wee anooosdadby Mr. MoSnita.
br iJudges
ndgrs Brewer snd Treat for the sarrender of tihese
The order made> by
lire afterward look
In
was In V.L44. p. 10.
it of
of the lines yet i—isinl ns; In
the Mississippi Biver ai
I ii « :..
foreclose the I L A So Iowa mort. and the U
of 1859, a so
the CIBIQL mort. of 1867. were begua In Jan.. 1887,
raoroaso
v-
40
by N.Y.C.A Hod.
liabilities
•2.700.000
7
3.009,850
6 A7
2,000.000
500.000
•0,000.000
'?'
6,000,000
3,000,000
7
1.389.500 6 A 7 g.
826,000
6
322.500 7to6to5
135.000
7
750.000
3»t
3>«
1,800,000
7
ToOflOO
600,000
7
'.UUMMl
6*.
1,784,850
3%
1,000,000
6
1,000,000
7
.v.-
1.IMJ0
e*
Weodrtown A Bwedesboro. 1st mort.
Vast Jersey sf A Uatttle- Block
1st mortgage, drawn at 100
rtaasaatrllle A Oeean CUT. 1st mort
•ale,
3.".
BOO
209
W**t yrrasr-Stork (p.td C»i ier cent In 1888)
1st mortgage loan. cum. sink. fd. $12.500
.
•M
18
18
18
12
mortgage
ft. Lookout— 1st M. bonds gold
1st
50
004
1,000
B6B
1-77
i
l-7'.<
•1,837,937
52.979
I
•1,890,917
l,3lo,743
I
3.
PorVelosore of
(IIBBBlml** lie*
the eoaannny or
Ike'
mortgages wee deemed
—!«suhi
iiiin|is«j in
iiiillilili
I
I
so ergaclasd with the
aeoeesery for the
Ihi eonsolida I -n of
Wajash Western R.
I
n new flrst mortgage by
the Consolidated Company.
1. 1*97. bearing 5 per cent Interest
d Interest payable In go.
funded debt aid scrip pertain I g
ot t.rtneipnl thereof.
A new
mortgage uooo the lines east
east of the hThwkvlppI
payable
years
from
February
5 per ieo>
River,
tfty
1, 1888.
int. reefln semi annual coupons, principal and Interest payable In gold
mortgage*
of
second
r the beads
all of toe old
7 and the sevens of 1879 to he convertible.
ion
charges on all lines as they would stand after this reorgni
glrea briefly on p. 744 of V. 45, an 1 the earnings below for trie
creation of
iiml
i
system
in
19-7
I
«—»«»
>«*60; la 1883,
23*»»39V
la 1883,
15#3Cs.
In 18-14.
4»19«». la
-ai In 1886(pur. com. receipts). 12»24*t In
1887. 1jS«22>,; la 1888. to Nov.
>88*s la 1881. 64<4»96>«: In 1892, 4S''sa71S: In
»%»57>s: In 1884. »B32; In 1885. VhjfHg. In lean (nor.
raeelnts) 23H«41V in I9i7. 23\»39>s; In 1888. to Nov. lo. inclusive.
I
cm
21
*•:!<>
OraaaTtOBB, rrgAgcaa, 4c.— The Wabash 84. Lotus 4 Pacific ei tended
r widely In the yean 1879 to 1883 (under the presidency of
Roaphreysi. by the acquisition ot branch and connect! '
arr liabilities.
11
thereby assumed heavy
Mlltlee. Although the earnings
unl uvr^. ,;. tlie .innn
liabilities
were stuT far In excess
I
of the net profits. The road was operated In close connection with the
float! Bouth western system running Into St. Urals, and the formal lease
to the St. I-oois A Iron Mountain Company placed the Wabash In eotaf*»te control of the Missouri Pacific prior to the appointment of receivers
1st the Wabaah.
Oa the Wabash, from Jan. I to Aug. 31,18-8 (9 moe.),gro»s earnings
of lines east of the Mississippi were 04138,332, sgslnst «4,424,568 In
1887: aet, 8730,035.~agatast Ol^oi'
In the Wabaah A r estern report for 1897. the following statement Is
> of the tneotae
I of both systems for that ye»r
jnr/LTB or onus-no* or coshim.h
i
i<«*
rog tub tbah 18&7.
Wabash
Western
R' way Co.
f>r.»«esrr
esrmnk-«
'.;er.:m.-
Net eart logs
•6.51 4.061
Total
W.....i»h
Ball rny.
f'l.on
Ware Hirer.—Palmer,
M leased for 99 J years to
Bar cent per annum.
Wnrren,
Mass., to Wlnohoodon, Mass., 49 miles
It
the Boston A Albany Railroad at a rental of 7
Maes.
J. A. Rumrill, President, Spriugdeld,
J.— Line of road. New Hampton
Junction to Delaware
Tho road la leased In perpetuity to Delaware
at 7 per cent on stock and bonds. John L
Blair. President, Blalrstown. N. J.
Bridge, N.
N.
J.,
18<« miles.
Lackawanna
A Western
Washington City A Point Lookout.— Hyattsvllle, Md to
brpberd. Mil., 13 miles. This road was opened In 1S73.
It is leased
to the Baltimore A Ohio for «3«,000 gold p <r annum. The stook paid
In is fl.000.000.
In 1981 it was proposed to extend the roul and a
new Issue of •2.000.00J u jmls was authorized, due 190J. 8. T. Suit,
President.
West Jersey.— Main line and branches—Camden to Cape May,
Bridgelon. Rlddleton, Sea tale. Ocean t'tty, 4c, 169 miles; West Jersey
Atlantic Railroad.. 40 miles; total, 209 miles operated.
Sinking fond of 012,500 yesrly tor nondiof 1896 Is invested In romrinv's bonds and 8558.350 were to hold Fen. I. 19 .8, Including the
100.000 Ocean City RB. bonds above and •100 000 Salem RR. h. nils.
In August 987. 20 per car. i new stook was Issued to stockholders, at
par. to provide for acquisition* and Improvements, and a further Issue
was made later to aiisor • several ot the br.i-i.-h roads.
From Jan. 1 to Sept. 30. 1889 (9 moa I, gross earnings were 01, 2 11, 767
agslnsl •1,167.152 in 19-7: net. *t>.l .-:i9. against B1-.5.743.
The annual report for 1887 was published in the CRROHICLJI, V. 46,
p. 50.). Income account has boou as follows:
4
1
.
moons
1
XtetiplsNetearnlnrs
Other receipts
Aooorrsrr.
1.
•
1885.
•
603.305
11,966
476.(127
Totallncome
515.271
490,625
DUburmemeatt—
•
8
41,270
175,174
90.669
87,788
39,098
175,174
81,990
89,118
Rentals paid
all
Hues Esst
nnd West.
• 13 I
—
West Jor. debt..
N.teani.ofWJ.4A.RR..4o
Interest on
Dividends
Bate of dividend
6
p. c.
14,008
6p.c
1886.
1887.
•
•
501,274
21,350
492,958
20.8J7
524,634
•
41.745
1-0,174
9 i.OSl
89.140
6 p c.
513,815
401,140
123.484
401291
•
39,154
182,343
90.652
89,142
6pe,
9,1-
• 1,8*7.937 •2.117.751
.
Ired froai rant of track, Ae
t-.i.
•.-..''.. -
boj a
Int..
Ae.
• 1.890,917 S2.125.033
394.O05
M).-.3\7
*4.<il6.950
•eeenne applicable to
Int.
»1
•1.533 675
•3.039.587
Taiee. rentals, e
$580,173
.
—
aJTD BoxM The old pref. stork bad a prior right to 7 per
to 7.
eeat lac imnsulai hi then
Price, of stock since 1 879 have been : Common In 1890, 26>*al9
i
...
Interest aooount e-nbraoes only the nlno minth i or Its oorp.rits
and a balan-w of •150.916 Is the aotu.tl not profit t of the
lln. s operated dnrtnir the period n.iuio I. over and a'mvo alt expenses
and fixed charges. Toe op-jra in.' exieasei laolulo all expendl uree
for new rnttra* stock and I uorovoueats. no ihj iiir.iotion aoo.oo.nt
having been opened on th- books of the new ooinpa ly.
.p.744.887; V. 41. p. 310. 3 SI. 352; V. 47, p. 42.)
The
existence,
liK-.'.i
11
Mfl j flj
.613, 1 96. 744. 7-..
Lettf; V. 47. p. 327, 382-
385.375
Total disbursements.... 894.900
120.371
105,250
Balance, surplus
-(V. 45, p. 473. 611; V. 46. p. 191, 503.)
A
112,534
West Jersey Atlantic. -Owns-Newflcld, N. J., to Atlantic City,
N.J.. i3 miles; Pleaeanlvllie A Ooeuu CMjF RR., 7 miles; total, 10 mile*
ipenad 'one 17. imso. and operated by West Jersey Railroad on a
of gro^s receipt* on West
lolut traffic agrocniejit and
lertey from traAle of thi* road to oe applied to any deflate In Interest
.n.l then as sinking fund for bonds purchasable at 105, or drawn If
iver that. In 1897 net earnings were * 78,450. Stock 1* f789,700
:
SUPPLEMENT.
INVESTORS'
lao
[Vol. XLVII.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
Hands — rrinoi
INTEREST OR DIVIDENDS.
DESCRIPTION.
Miles Date Size, or
pal, When Due
Amount
per When Where Payable, and by Stocks— Last
Par
of
of
For explanation of column headings, Ac., see notes
Outstanding Rate
on
first
page of
Road. Bond* Value.
tables.
Virginia Onil.it Pittt.— 1st M.,g.,$25,000 p.m.o*
W.
Wit'niAla.r- 2d(nowlst),gu.Cen.Ga.audGB.RR.C*
c
Coneol. mot. guar, by Cent. Ga. A Ga. EE
Western 4 Atlantic tOa)— Income bonds
by
Baltimore.
endorsed
Maryland—
id
M
Western
City of Baltimore stock, exoba"ged for 4th mort.
138
138
138
.
City of Baltimore
mock
(for 5th
M
mortgage),
s. f
18-8
1,000
1,000
1,000
90
90
16
1888
l'.oo'o
1887
1887
1,000
500 Ac
100
100
.
loo
659
630
630
630
50
130
189
28
93
65
186
186
A
l.i.OO
(I)
V*6
1st mortgage, Pittsburir Branch, sink'gfund ..
Cousol.M. for $5,000,000 g., guar., by Pa. RE. c*
White Water-Stock ($325,000 of It pref.)
Wheeling <t Lake Ertt.—Pmt. stock, 6 p.c, not cum.
c*
1st mortgage, gold
o"
*
1st M., Wheeling Dlvision,$
1865
1875
1884
1884
1863
1865
1868
500"ac
1886
1888
1,000
1,000
1,000
1,000
500 Ac.
100 Ac.
1,000
100
I
1880
1887
1st
—
222
500
100
1885
West Sbore.—Line
of road from Weehawken, N. J., opposite N. Y.
Buffalo, N.Y., with branches to Albany City and Rochester City,
all.
This company was organized in December, 1885.
as successor to the N. Y. West Shore A Buffalo, sold in foreclosure.
Oty, to
about 448 miles in
Immediately on its organization the new West Shore Company issued
•10,000,000 of capital stock, and made an authorized issue of $50,000,000 of 4 per cent bonds. A lease of the West Shore property to the New
York Central Company for 475 years was executed in compliance with
the plan of reorganization. The $10,000,000 of stock is owned by
New
York Central Company
in consideration of that
company's
fiarantee of the principal and interest of the $5o,000,000 of new bonds.
he mortgage is made to the Union Trust Co., as trustee, and covers
the Hue of road. Weehawken to Buffalo with branches, 448 miles in all,
and also the terminals at Weehawken tjy ownership of all the stock said
bonds of the Terminal Company. The guarantee of the N. Y. Cent. A
Hudson Is absolute as to interest and principal and is endorsed on each
bond. A review at much length of the status of the new West Shore
bonds was In the Chronicle, V. 42, p. 176.
West Va. Central St Pittsburg— A coal and railroad company in
A7 est Virginia in the upper Potomao region— the EBi Garden Coal Field.
road in operation from Piedmont, W. Va., to Davis, W. Va.,
58 miles; Branch, 8l<aw. W. Va., to MineviUe, 2 miles; total, 60 miles.
Extensions In ) rogree s. Owns 32,244 acres of coal and lumber lands
oovered by the first niortg., and has mineral rights on 5,407 acres race.
From Jan. 1 toOct.31, 1888 (lOmos.), gross earnings $535,707, agai ist
$31-,941 In 1*37; net $167,576, against $106,870. In 1887, net
profits on coat sales, $51,982; net from railroad, $71,394; total
net revenue, $123,37ti; interest paid, $68,560; surplus, $60,635.
See report, V. 46, p. 480. Stock, $5,500,000. H. G. Davis, Baltimore,
President; 8. B. Elklns, Vice-President. (V. 46, p. 480, 610.)
Owns
Western Alabama.—Line of Road—Selma to Opellka, Ala., 116
miles; branch, Opellka to West Point, 22 miles; total, 138 miles.
Was a consolidation in 1870 of Montgomery A West Point and Western of Alabama. Sold May 10, 1875, in foreclosure and purohased
Jointly by the Georgia Railroad and Central Railroad of Georgia, In
Sept., 1888, the eonsol. mort. was issued to retire bonds falling due,
$1,1 7 1,000 bonds being reserved to retire 2ds, due Oct., 1890. In year
ending Aug. 31, 1887. gross earnings were $462,529; nee, $163,911
surplus over interest, $40,471.
In 1887-88 gross earnings were
$496,209: net, $114,212; deficit under interest Ac, $9,228. Stock,
;
,
$3,000,000; par, $100.
Western A Atlantic— Atlanta, Ga., to Chattanooga, Tenn., 138
Built by State of Georgia and opened in 1850, and by an act of
October 24, 1870, was leased to a company for twenty years at a monthly
rental of S-25,000. Gross earnings in 1887, $1,285,149; surplus over
Interest, Ac, $198,338. See V. 45, p. 85.
miles.
•<•••*
Western Maryland.— Lime
Eoad—Baltimore
of
to Willlarasport
Md., 90 miles Emmitsbnrg Branch, 7 mUee. Leases -Bait. A Cum
Val. RR. and extension; Edgemont to Shippensbnrg, Pa., 34 milesBait. & Harris. RR., Emory Grove, Md., to valley Juno., Pa., 28 miles'nanover June, to Ortanna. Pa., 32 miles, and leased branches, 17
miles; total, COS miles.
The Baltimore A Harrisburg was leased in
Nov., 1886, for 99 years.
The stock is $683,750; par. $50. The company was largely assisted
by the city of Baltimore, and was unable to pay full interest. Jan 1
1887. the city, with an issue of 3>4 per cent stock, paid off the 1st, 2d
and 2d pref. mortgages and the overdue ooupons on the 1st and 2d
pref. (except those held by the city itself), receiving in return a fifth
mortgage on all the company's property. The 4th n-ortgage is also
held by the city.
The Baltimore A Harrisburg RE. was formed by consolidation of
several small roads in 1886 and leased to the Western Maryland whloh
•lao owns a large amount of the stock: of the Issue of $«90,00o' bonds
$207,000 are 1 eld In trust to pay off prior niorts f n 1888 a new mort'
was Issued to extend th B. A H. to Blue Ridge Summit. Md.. 15 miles
'
Fisctl year ends Sept. 30. Operations
on main line and B. A C. vl
EE. have been as follows
;
•
Passenger
Mileage.
Freight
Mileage.
15.916,659
16,156,507
10,878,194
12,523,320
Miles.
188586
131
131
1886-87
-<V. 45.
p.
696, 793.)
Western New York
St
Gross
Net
Earnings. Earnings.
$617,561
659,434
Pennsylvania.— {See
$239,137
261,109
Wap) -Llneof Eoad
-Buffalo Division -Buffalo, N.Y.. to Emporium, Pa., 121 miles
Larabam
fa., to Clermont. Pa., 22; PitteburgDivisl on-Buffaio,
to Oil
City, Pa 138 ; TltusvlUe, Pa., to Aoneer. Pa., 9; Olian
Y to
Oil City. Pa., 116 miles
Oil City to New Castle. Pa,, 66? TrVonvilS
to Union City, 17 miles. Bochester Division-Rochester, N Y to
Hinsdale, N. Y„ !>!>: Olcnn, N. Y, to Bradford, Pa..
26; Bradford Pa to
Klnzna.Pa.26; El.lred to Tarport, 18 miles; Genessee Val ev
Ter
BE
| miles; total operated, 659 miles, of which 40 miles are
Swain's Branch, owned 11 miles, is leased to L. A P. BR leased The
Branch
»rancn
to
Johnsonburg on Phil. A Eric protected.
r a ll
d Nor 2 "' 1887 as successor to the BufV "u
f.n?v«~
'i
J ??
falo
I»ew v
York A Philadelphia (a consolidation of
which became
embarrassed in 1884 and was sold in foreclosure 1883).
Ian of reorganization dated Feb., 1886 (see V. Sept. i.% 1887
42,
p. 242)
provided
Ihat there be issued $10,000,000 first mort.
everal Issues of old first mortgages and the 5 per cent bomls f ,r t ,,
2d mortgage
NY
N
;
^Xn
-
800,000
850,000
2,583,000
4,110,000
790,000
435,000
3,000.000
1,300.000
3,800,000
3,000,000
1,500,000
960,000
227
it Aug.—Stock, 6 p. c, guar.Wil.AWel.
mortgage
Wilmington it Korth.— 1st M., 20-40'8 ($1,000,000).
Wilm ingum <t Weldon Stock
Sinking fund bds., g., provided for by gen'l mort.
Gen. mortgage for $4,000,000 ($12,000 per mile).
Cert, of indebtedness, non-cum.. inoome
Albennarle A Raleigh, 1st M., $20,000 per mile..
Wilm. Colum.
the
Cent.
$1,650,000
1,171.000
372,000
131.000
875,000
1,000,000
1,800,000
483.000
240,000
20.000,000
7.700,000
20,000,000
$1,000
1873
1870
1872
18=7
..
(for $t>9o,000)
A Hart Isburg EE,
C*
Mort. for Western Ex'ension t$24o,0©0)
Western S. I. it '•cmurj,/t«wta-Btock($30,000,0C0)
gold
o*
1st mortgage ($10,01)0,000),
o*
2d mortgage (1st on equipment, etc.), gold
op;'n
income
scrip,
red.
at
do
do
Warren * Franklin, 1st mortgage
c
Western Sarin Carolina— l*t mortgage
1st eonsol. mortgage, gold ($1 2,500 p r mile) .c*
mort.
p.m.)
2doonsol.
($15,000
Wttttrn Pennsylvania—-1st mortgage, sink'gfund
Baltlmor
1881
1870
60
'
'The
BlR™.
Whom.
Payable
Dividend.
A J. V. Y. Office, 1 Br'dway. Tuly I, 191J
A O. N. Y., H. B. HolllnsACo. Oct. 1, 1890
A. AO.
do
do
4»s
Oct. 1. 1918
10
Q-J.
Atlanta, Co.'s Office.
Oct. '89 to '90
J. A J. Bait., N. Mechanics' B'k
6
Jan., 1900
do
6
do
J. A J.
Jan. 1, 1902
3>4
J. A J. Bait.. Farm. & Plant.Bk.
Jan. 1, 1927
M. A N. B It Company's Offices, Nov. 1, 1936
5
5
M. A N.
do
do
May 1, 1938
"5g. J. A J. N. Y., Bk. of New York, Jan. 1, 1937
3g.or.5se, A. A O.
do
Oct. 1, 1927
do
A. A O.
5
N»ne paid.
After 20 years
F. A A. N.Y. Ollice. 35 Wall St. Feb. 1, 1896
7
7
Balei?h, N. C.
a n.
May 1, 1890
6g. J. A J. N.Y.,Ri«h ADan. 2Wall. July 1, 1914
A. A O.
6
Oct.. 1914
A. A O. Philadelphia, Penn. EE. AprU 1, 1893
6
J. A J.
6
do
do
Jan. 1, 1896
Philadelphia.
4g. J. A D.
June 1, 1928
J.
A.
:.
"{'
5 g.
5
3
g-
J.
1,600.000
6
J.
500,000
2,500,000
936,000
1,724,000
2,500 000
640,000
5
J.
P
J.
J.
J.
A.
A
A
A
A
A
A
A
A
A
N.Y., Office, 2 Wall St. Nov. 15,
O. N.Y., Mercantile Tr. Co.
Out 1,
1888
1926
1928
Wilmington. N. C.
July 10, 1888
D. N. Y. ana Baltimore.
June 10, 1910
D. Co.'s Office, Wilm. A Del.
1907-1927
J, Wilra.,N.C. Co.'s Ollice. July 15, 1888
J. N.Y..Bo8t.,Lond., Frank
1896
.1.
N. Y. Bait. A London.
1935
J.
J.
N.Y .Cent Tr.Co.A Lona July
1.
Baltimore.
O.
'he balance for reorganization expenses and for future use. Of the
underlying $6,073,000 bonds of the old comp
(which were to be so
provide! for out of the $10,000,003 new first mortgage bonds), all but
$800,000 Warren A Franklin bonds are retired. Titere wot e also $20,000,000 seoond mortgage bonds issued for all other bonds on certain
terms; and $30,000,000 of new common stock. The old stock paid an
assessment of 8 per cent on the, pref. and 12 per cent ou the common,
eaoh receiving the new 2d ruort. bonds at par for the assessment paid,
and share for shave in the new stock. 2d mortg. bonds are a second
lien on the railroad and first "on terminals, coal and equipment, subject
to lease of terminals and equipment to 1st mortg., if foreclosed." Till
Jan., 1898, they bear interest at the rate of 3 per cent, but till 1893
interest may be paid wholly or partly in scrip on a graded higher rate,
and if paid all In scrip the rato is 5 per cent after 1808 the rate is 4 per
cent and, if earned, 7 per cent may be paid, but after 3 per cent has
be 'n paid on second mortgage bonds, the stook and seoonds share alike.
Ihe scrip issued for interest bears 5 per cent interest, non-cumulative, payable only if earned, is secured by the coupons placed in trust
therefor, and is due 20 years from date, but redeemable at option. It is
convertible into income debentures, atso non-cumulative, and payable
at option. Trustee of 1st mort., Mercan'ile Trust Co., of N. V.; of 2d
more. Fidelity T. A 8. Dep. Co.. of Philadelphia. (See mortgage abstracts, Chronicle, V 47, p. 1< 9.)
Second mortgage counons due in 1888 were paid in scrip.
From Sept. 1. 1888, to 8ept. 30. 1888 (1 month), gross earnings were
$301,498, against $278,419 in 1887; net, $84,959, agst. $-1,086.
The annual roport for the year ending Sept. 30, '87, was In the Chronicle, V. 46. p. 198, and contained the following:
Receipt*1884--<5.
1885-86.
1886-87.
Gross earnings
$2,335,514
$2,5:18,217
$2,687,755
my
;
.Vet
earnings
$154,«47
57,924
$512,771
Other income
Total inoome
$373,007
55.853
$297,176
40.813
$42s,8ri0
tjs.:>d7,»89
(V. 45. p. 142, 271, 272, 369, 400, 573, 641, 689, 705, 768; V. 46, p. 76,
173. 198, 201, 245, 353, 413. 538, 539. 803; V. 47, p. 109, 161, 278.)
Western North Carolina.— (See map of Richmond <t W. P.
Term.) Owns from Salisbury, N. C, to Paint
Rock, Tennessee
State line, 190 miles
Asheville to Jarretts, 100 miles
total,
290 miles.
The road was financially embarrassed, and was
Surchased April 17, 1875, by commissioners for the State of North
arolina, and subsequently finished by the Richmond A West Point Terminal Railway A Wat chouse Co. In May, '86, it was leased to the RAD.
Company. From Oct. 1, 1887, to 8ept. 3o in 1*88 (l2mos.) gross earnings
were $329,379, against *660,n00 in 1886-7 : net. $99,639, against $92,022. in 1885-86 gross. $523.740 net, S85.334; deficit under charges,
$53,310. In year ending Sept. 30. 1887, gross earnings were $ii60,599;
net, $84,350; interest (not Including a iy o i bonds held by R. A W. Ft.
Term.), $160,741; deficit, $76,392. Stook. $4,000,000 common and
$4,000,000 pref. The second oons. mortgage for $1,110,000 is held by
the R. A W. P. Ter. R. A W. Co., and also $1,325,000 of the 1st consols,
given above
$850,000 of same bonds are reserved to retire the lsts.
Certificates of indebtedness 8ept. 30, 1887, $15o',760; due other companies, $537,803. (V. 46, p. 699.)
Western Pennsylvania.— Owns from Bolivar to Allegheny City,
Pa., 70 miles; orancn to Butler. Pa.. 28 miles total. 98 miles, a new lease
to rhe Pennsylvania Railroad for 50 years was made in 1883; rental net
earniugs. The Pennsylvania Railroad, lessee, owns $1,278,350 of the
$1,300,000 stock (par $50). The oonsol. mort. bonds of 1888, guaranteed
by Ptnn. RR., replaced old five peroents; $1,225,000 bonds are reserved
for prior bonds. Gross earnings in 1887. $1,434,655; net, $528,24.; surplus over charges and 3 per cent dividend, $2-14,500. Gross In 1886,
$1,347,565; net, $ti07,542. In Dec, 1886, paid 3 percent dividend.
—
—
;
;
:
;
;
— (V.
46, p. 481.)
Wheeling St Lake Brie.— Toledo, 0.,to Bowerston, O., 174 miles,
and branch to Huron, O., 12 miles. The road was sold in foreclosure
April 23, 1386, and new company organized in July, 1886, with stock of
$3,600,000 (WOO shares), wnich in March, 1888, was made a preferred
6 per cent nonoumulatlve stock, and common stock jf $ J, 50 ),000 was
authorized. In 1838 3 percent was pall on pref. stock. Mortgage of
1883 for $1,500,000 was issued to extend the road to Wheeling from
Bowerston, O., aod the contractor pays the Interest on this till July,
1889. In year ending .Itine 30, 1888, gross earnings were $818,073;
net, $241,710; surplus over interest, $96,388; dividend paid (2 per
cent) $70,263. Geo. J. Forrest, President, 2 Wall St., V. Y. (V. 45, p.
26, 85, 371; V. 46, p. 371, 538, 650; V.47, p. 139, 325, 563.)
'White Water.— Valley Junction, O., to Cambridge City, Ind., 65
miles. This was formerly the White Water Valley, sold in foreclosure
May 2, 1878, and reorganized under this title. In year ending April 30,
1837, gross earns, were $95,567; deficit, $5,498. Elijah Smith, Pres't.
Wilmington Columbia
Augusta,— Owns from Wilmington,
N. C, tu Columbia, ». C, 189 miles. Leases jointly with Northeastern s. O. RR., the Central RR. of South Carolina, Lane, 8. C, to Sumter,
S. C, 38 miles. Total operated, 227 miles.
Road was sold In foreclosure, October, 1879, for $860,500, and oompany reorganized under present style.
In June. 1885. the road and property of this oompany wore leased for
99 years to the Wilmington A weldon, the lessee to pny all interest and
11 xed charges and 6 per cent dividend on the
stook, payable s«mi-anuually in January and July. In year ending Sept. 30, 1887, net receipts
A
NOVKMBEB.
IS-".
I
RAILROAD STOCKS AND LONDS.
131
C
:
:
133
,
,
SUPPLEMENT.
INVESTORS'
[Vol XLVII.
Mubhorlbers will rotifer a great favor by giving Immediate notice of any error discovered In these Tables.
Bonds— PrinciINTEREST OR DIVIDENDS.
DESCRIPTION.
Size or
Miles Ditto
When Due.
Amount Rate per When Where Payable, and by pal,
Par
Stocks— Last
of
of
r explanation of column headings, Ac, see notes
Outstanding
Payable
Whom.
Honda
Cent.
Value.
Road.
Dividend.
tables.
of
on first i«ge
o*
IT— 1st M., M8.500 p.m. g
i <* South
Wisconsin Cent. Co.— 1st mort. (for $12,000,000).
o*
(fin
$.1.000,000).:
Income bonds, non cum
c*
Chio Wis. * Minn.— 1st mort., gold
cum.
cent,
income,
bonds,
6
p.
do
do
Wisconsin Central RR.—Consol. uv.rt., pref. land gr.
....o*r
CoiisjI mort 1st series, gold
Cen. M, 2d tier's. Income tnot cninula've)gold.o*ifcr
Wtrccstcr Nashua <t Rochester—Stock
C
Bonds, mortgage
o
Bonds, mortgage
Nashua A Roob., 1st mortgage
W. N. A K.-Mortgage
vs'VStfJBS
JUim. d 0*to JW«r-lst M., gold, $25,000
CANALS.
326
326
94
14
14
184
184
184
184
r
loan, guar., sterling
Bonds having next preference
Xepalr bonds, Aot 1878
MttawatT Division— in M. (ext'd 20 yrs. In 1878). c
Btismarc* Hudson-Stock
1st mortgage, registered
o*
Debentures secured bv Penn. Div. bonds
1st M. on Pennsylvania Dlv. ($10,000,000).. cfcr
Cherry Vallnv Sharon A At., 1st mortg
Schonoetady A lliian, 1st mortg., int. guar
lihiyh Coal «s Navigation Stock
Loan, oonv., coup., gold (assumed L. A W. Coal Co)
...r
1st mortgage, reg. (extended at 4^)
r
1st mortgage, registered, railroad
$1,000
1,000
1,000
1,000
500Ac,
$50
500 Ac.
1886
500 Ac.
500 Ac.
500 Ac.
1858
l'.OOO
100
595
1871
1,000
1874
1,000
1877 lOOOAc.
1869
1674
50
1869 500 Ac.
1864
Var.
1867
Var.
21
14
—
339
surplus Income over Interest and dividends was
; the
$15,544: paid dotlcit Cenlral RR. of 8 C. $2,753; in 1885-86 net receipts were $176,478; surplus $22,872 over interest and dividends.
Wjre $209,144
A
Wilmington
Northern.— Owns from Wilmington
Del.,
to
Btrdsboro, Pa., 64 miles ; branohes, 24 miles; total owned 87 miles;
trackage levied, 5 miles; total operated, 92 miles. This company
•was organized Jan. 18, 1877, as successor to the Wilmington A Reading
JtR. Co., whloh defaulted on Its interest and was sold in roreolosure Deo.
1876. The mortgage for $1,000,000 was authorized to cancel exlsttag debts and to pay for improvements; but only $500,000 can be issue!
su present mileage. Gross earnings in 1886, $384,2 17; net earnings,
$54,272; other receipts $1,680. In 1887 gross $383,336; net over
expenses and taxes, $49,075; surplus over fixed charges, $<S6.347. Paid
Interest, $12,570 bonds redeemed, $2,400. (V. 45, p. 614.)
A
;
A
Weldon. —Road extends from Wilmington to
Wilmington
Weldon, N. C., 162 miles; branches-Tarboro, 16 miles; Scotland Seek
Branch. 20 miles; Midland of N. C. RR., Goldsboro to Suiitn Held, 21
allies; Wilson to Fayettoville, 71 miles; Nashville to Spring Hope, 20
antes; Clinton A Warsaw, 13 miles; Albermarle A Raleigh RR. (owiie 1),
Williaiustoa to Tarboro, N. C, 33 miles; total, 356 miles. Extension
Id progress whioh will make total mileage 461 miles, and in addition
teases Wil. Col. A Aug., 192 miles. Leased Nov., '72, to Wil. Col. A Aug
RR. for 99 years. The lessees made default Deoember, 1877, and the
tease was surrendered April 13, 1878. In June, 1885, this company
took a lease for 99 years of the Wilmington Columbia A Augusta. (See
mat company above.)
There was Sept. 30, '87. $1,871,478 to the credit of the sinking fund.
certificates of Indebtedness, $2,500,000, wore distributed to
stockholders In January, 1887. as a scrip dividend.
The fiscal year ends Sept. 30. The income account for four years was
as follows:
The
INCOME ACCOUNT.
Receipts-
1883-4.
1884-5.
1885-6.
Bet earnings
$294,631
23,942
$373,141
29,937
$374,100
103,182
$313,573
$403,078
$477,282
Iter
receipts
Total
Disbursements—
teterest
$30,6!>8
$79,365
$138,353
Dividends... .(8%) 166,192 (8%) 166,592 (8%) 200,000
A
Has
is built.
olose alliance with
*K. Trustoo of mortgage
Green Bay Winoaa
A St.
Pail
(for $6,950.0 JO), Farmers' Loan A Trust Co.
•took: Common, 8J.yft0.00O; preferred, $1,750,000.
Hon. William
"""»ut
TKlndom, President. (See V. 46, p. 819; V. 47, p. 140.)
,
.
10
'
,
i? !,,
•£? Wisconsin Central Associated Lines,
ownership and control of
viz.: Minnesota St. Croix
Wisconsin, 1 10 miles; W isoonsm A Minnesota, 54 miles; Chiopewa Falls A
fc
Western, 10 miles; St. Paul A St. Croix Falls, 5 miles; Penokce, 50 milesPaokwaukeo A Montello, 7 miles; Wisconsin Central RK., 344 miles
wid tho based lines, Milwaukee A Lake Wtuntbago, 65
miles and
C" g
8C0 " Bl * Mlnnea "ta. 122 miles; total, 767 miles, of which
V7n
tn.
being tile property ot the first six roads, had been acquired
370 miles,
'
and was operated by the company June 15, 18*8.
e
8c<, , 8ln Central Company now owns
substantially all the stock
]
.Z
",
and bonds of the six Hrstnaued roads, and about seven-eighths of
the
stock of tho Wisconsin Central RR. Co. It thus acquires
oomplete
control also of all the leased lines. It. bought about
$8,500,000
first
mortgage bonds of these different companies with its own bonds
exchanged for its own Income bonds all the income bonds of theand
six
1
,?'""" $3,800,000 sto.m.1 series bonds of the
a ^'
mny ItS OWn ersh 'P <>f aUO'lt tWO-thlrds of
the WwJ?„^in
P ,
i»"yfirst mortgage bonded
,
tlie
\\ isconsin Central
RR.
debt gives it a correiponiing Interest In the land gr-tnt and iron mines and
sinking fun,, of
that-company. July 1,1,83, the company consolidated
Into itself the
" "' uft uort roads but the Wisconsin Central RR. ami
Bno Is still operated by trustees, though In harmony its leased
with the
6
1
1 '* 8 "
*;' 8 as tollo "« F'^t mort
bonds, $12,000,000
$12%0 ,%tf at 5 per cent;
%<>
lncorne bonds, $0,000.
I« r omit, non-cumulative; preferred stock, $3,000,000 at 6
mul
e comm ,on stopk, $12,000,000. Trustees for
mort..
h t
'or h?VhVi~i
tn
John A. Stewart, of N. Y..and Edwin II
»t.tS°.
?Sv? »nd Incomes,
Uflt
'8
,ne l5 1388? was as foil
"?
SA 660
MOOOo'fLt
,
*"'
-°00 first mortgage
bonds, $5,743,000 Income bonds
ZTaik.
P "'""""J "<">''. 1 IJ.335 shares common stock The
«ninb,^Sn?rt
n
9 aVa " able f ° r lnntor ««»»««
the
Cro™„5ont ot iw'prop^v"
W
','
'i
w
'
W^Sr.So'S'
-
»«
,'
^P'*
"Moos
,
"5
.
4
O.
J.
m.'a"s
m.'a"b.
J.
J.
J.
A
P.
A.
6g
A
A
J.
P.
J.
J.
J.
A J.
A J.
A J
A O.
A A.
A O.
A J.
A A.
A D.
A J.
A J.
N.Y., J. Walker A Sons.
N.Y., 36 Wall A Boston
New York,
36
W
Boston, 50 State
11
April 1, 1928
July
July
March
St.
Jan., 1909
paid.
Worcester, Offloe.
Globe Nat. Bank
July
Bost.,
April
Feb.
April
do
do
do
do
do
do
July
N.Y., H. B. Hollins A Co. Feb.
do
do
July
A J.
A J.
A J.
Q-Mch.
l*a
7
J. A J
A. A O.
7
7
M. A S.
7
J. A D.
M. A S.
6
2
J. A D.
6g. M. A S.
4>«
Q—J.
6
0— F.
J.
J.
J.
1,
1916
1,
1870
1890
1885
1898
5
6
6
1,
1,
1888
1893
1895
1804
1906
1918
3,
1,
1,
Philadelphia, Offloe.
6
6
1937
1937
1915
5 p. ot. yearly
Jan. 1, 1909
St.
do
No coupons
1,
1,
1,
Farm.A Meoh.Bk,
Bait.,
Phi la., 226 So. 3d st.
July 1, 1898
N. Y.Of., 21Cortlandt. Sept. 15, 1888
do
do
Jan. 1, 1891
do
do
do
do
do
do
do
do
Philadelphia, Offloe.
do
do
do
do
do
do
Oct. 1, 1894
Sept. 1. 1917
1899
1924
June 9, 1888
1894
July 1, 1914
Feb. 1, 1897
yearly is divided equally with lessee. Permaient Improvements ordered jointly are paid for out of 20 year 6 percent debentures, convert
Ibleinto common or preferred stook as may be agreed; lessee pavs In.
terest on such debentures for first ten years only. Stock Is: Co nmon,
$1,040,000; preferred 6 per ce.it, cumulative, $1,560,000. Improvement notes, $205,000.
The annual report for 1837 was in V. 46, p. 826, showing gross receipts of all lines onerated, including land rood its. $3,862,320; net,
$997,852; tot. charges, $1,215,132. (V.i6,p. 471, 886; V. 47, p. 52, 473.)
Wisconsin Central Railroad.—Owns the main line and
branohes, Menasha to Ashland. 253 ju; Stevens Point to Portage City,
71
branches and spurs. 25 m.; total owned. 349 m. Leases: Mil;
waukee A Lake Wiuneb-igo Neenah to Schlelslngervllle, 64 miles;
Packwaukee to Montello, 7 miles; operated under contract, Milwaukee
to Schlelslngervllle, 33 miles. Total operated, 450 miles. This road is
still operated independently by trustaes, but in harmony with the Wisconsin Central Company consolidated lln-^s.
There was a laud itrant of 811,976 acres, of which to Deo. 31, 1837,
222,410 acres had been sold for $6 24,453, and 2.473 town lotsaud 28
blocks for $113,747, receipts from pinestumpage to toac date being $909,270. Interest on the second series of bonds Is payable Jan. and July, but
dependent each time on the net earnings of the half year ending six
months before. The stock of $2,000,000 preferred and $9,435,500 oonv
mon was deposited in trust with Stewart and Abbot, Trustees, to be
voted on until all interest should be earned and paid on bonds. Trustees' certificates for new stock (without voting power) were Issued to
the old stockholders, whloh oass as a delivery on sales. Nearly all the
stock is owned by the Wis. Central (7o. Prooeeds of laud sales go to
sinking fuud for consolidated bonds: no drawings.
m
The
.vlllwaukee A Lake Winnebago
leased for 99 years; the rental
ville, is
RR
Is
,
from Neenah to Sohleislnger-
37!a per cent of gross earnings
. . .
1884.
$1,429,075
957,745
1885.
$1,461,004
941,881
1886.
$1,565,313
1,182,080
1837.
$2,050,291
1,509,581
Ac.
$471,330
319,650
$519,123
310,406
$383,233
366,559
$540,710
473,842
Gross earnings
Operating expenses
Net earnings
Rentals, car serv.,
Balanoe
$208,716
»1M,679
-(V. 45, p. 26, 240, 573; V. 46, p. 228; V. 47,
$46,674
$66,868
1«7.)
Rochester.— Owns from Worcester to
p.
Worcester Nashua A
-Vasiiua and Nashua to Roohester, 94 miles. This consolidated oompany
was formed Deo. 1, 1883, by a merger of the Worcester A Nashua and Its
n
entra
' Company .-This company was organized In
!,
f
leased line, the Nashua A Roohester.
K"': lu r lnto asing.o corporation tha
W8 Ucon
,
5
5
5
A.
J.
up to $175,000 per year, all surplus to go equally to lessor and lessee,
and the bonds are Issued subject to this lease.
1886-7.
In July, 1837, the control of allied roads under one management
-$398,312
158,773 through the Wisoousln Coutral Oomp my (which see above) was proposed, according to the terms given In V. 45, p. 54. whioh has been oar$557,085 rled out to a large extent. The exchange of stocks and bonds by Wisconsin Central holders was optional, and iu the table above Is given
$327,708 the amount not exohinged prior to lune 18. 1338.
Report of operations for 1887 iu Chronicle, Y. 47, p. 107. Tot
(8%) 200,000
four years the earnings, Ac, were
Total
$247,290
$245,957
$338,353
$527,708
Balance, surplus. $71,283
$157,121
$138,929
$29,377
In 1886-87 the net receipts tnolude those from the W. 0. A A. lease
and the Int. payments, $175,000, paid on oerUttoatess of iuilobtsdu jss,
Winona Son th western.— R >ad projected from Winona. Minn.,
to Omaha. Nob., 375 miles, of wuioh 92 miles, Mason City to Fort
Dodge,
I*
$1,903,238
2,602,950
3,851,593
2,000,000
4,375,000
1,699,500
500,000
800,000
24,500,000
5,549,000
4,829,000
5,000,000
300,000
500.0UO
12.7U9.250
685,500
5,000,000
2,000.000
25
"60
5 g
5 g
2,456,500
2,336.000
3,099,800
250,000
400,000
565,000
150,000
1,700,000
&c,
-
8*
1,0-10.000
41)0,000
1,000
500
2 g
(1)
$6,660,000
5,743,000
2,860 000
100
1873 500 Ac
1875 lOOOAc.
1874 500 Ac
1886
1,000
1886 100 Ac.
48
94
74
m. .o*
Wkssapcnkc <l Delaware—Stock
1st mortgage (extended In 1886)
f hssapeakc d Ohio— Stook
Maryland loan, sinking fund
Maryland
122
o*
°.
p.
1888
1887
18*7
1885
1885
1879
1879
1879
I
W'
"V ^
T'
'
««
Minnesota, from SohlelslngerviUe to Chtoa?*'
^Fn^wZl™
0r% ,y 8tern terminals in Cook
122 miles was leassi
I? ^
* Minn'esotaTow 'a^ro^fojl
feitfSoVr oo.
C o Runtal
^,T ^
,„ nor
3750
cent of gross
»»"^«>rtonVfWailnar^
1
t
Co.,
,
i
,*
<
!
Ljeuiruil
,
,
0t,
r
R'in
t
111.,
,n in
'
•uiiiius rental
over $350,000
$162,798; paid dividend at 6 per cent, $183,834.
Zanesvllle
A Ohio River.— {Sec Map.)— Owns from Zanesvllle, O.
to Harmar. on the Ohio River, oppodte Marietta, about 80 miles, including branches, 6 miles. Wnole Hue put In operation in July, 1838.
At Mitlnt roafl couuects with the Shawnee A Maskingum River Railway, constructed by parties interested in the Z. A O., and having a
ooal traffic secured by contract for a term of 30 ye trs. The mortgage
is for $2,000,000; the Mercantile Trust Co. of N Y. Is trustee.
A sinking fund will oome into operation In 18 11, bonds being bought
in the open market at par a id aoorued interest; in lieu of this funds
are to be invested. (V. 47, p. 50.)
CANALS.
Chesapeake
A Delaware.— Delaware City to Chesapeake City, Md
In July, 1836,a heavv deraloariou by the Treasurer and an over-issue
of bonds was discovered, amounting to $609,200, and in 1«86 the oompany retired Its old bonds and issued $2,602,950 of new 5 percent
bonds maturing in 1916, thus covering the over-issue. (See V. 43, p.
367.) In the year ending May 31, 1387, gross reoeipts were $196,331
and net $142, 12i; surplus over Interest, $11,978. (V. 43, p. 22. 49.
367; V. 45, p. 52; V. 46, p. 738.)
A
Chesapeake Ohio.—This oompany was assisted with loans by the
State of .Maryland. It has long been unable to meet Its Interest, except
on the Repair bonds of t878. In a suit against the company the Court
(January, 1881) declined to appoint a receiver, but ordered the company to report at stated times its reoeipts and payments. In addltloi
to the above indebtednejs, the oompany owed Jin., 1833, $1.60o,o00
In the shape of small issues of bonds, debt certificates, pay roll accounts, etc In 1887, gross earnings were $129,207; expenses. *I74,294.
In 1886, gross earnings were $94,138; expenses, $223,415.
\y 4o» p. Jo,)
«
Is
6
In October, 1885, a letse of this property for 50 years, from Jan. 1,
1836, was made to tho Boston A Maine RR. Co. at a rental of $250,000
aad taxes. For 1887-3 rental $250,oOO: net over all fixed oharges,
Delnware Dlrlslon.-Leased
I
Interest
to Lehigh Coal A Navigation Co. at
on bonds and 4 percent a year on stook (payable, Q— I",)
o
a
S *4
:
-
:
^
;
tzj
1838.
CO
NOTUtBER,
RAILROAD STOCKS AND BONDS.
133
LNVESTOKS'
134
SUPPLEMENT.
[Vol. XLVII.
MAP ON THE
ZANESVILLE
)HIO RIVER
AND
RAILWAY
AND CONNECTIONS.
rlvJUe
'Kaveuna
^RMogadore
^Chicago Jc.
°\Suffield
^
Hart v ill e
Alliance^
^Warwick
Marsliallvllle,.
Reedsburjj
^*"
'oledo
f
crv>«»
J
Hayesvilie
TTFrT^^^-^S-^Mansfield
/
^sjiTOueida-
9^ c\
^Frederick sb'g
Gallon
Nills
3each CityS
l^
Perry vill^-^iSv^i^^PluiiptoQ
^^Oj
^Zoar
Sta.
Olillersburgh
<^
Canal Dover
o North Liberty
if
Sherodsville
n
Citlbuck
J Frederick to wu
^Bowerston
)
Dan^llo
o^X^Howard
Buena Yista J
Uhrichsvil
AvondalejT
Mo
<*^"
Comerstown
^Tippecanoe
Jreeport^V^.
>
Guernsey
Antrim
.Morristown^
.^[Cambridge
New Concord \V
V
%.
— M -^
~»—<^—
,
'
—
"
.
.
1
1
1
CANAL STOCKS AND BONDS.
November, 1888]
r
.
.
135
Subvert be ra will confer a great favor by stvlns Immediate notice ot any error discovered In these Tables.
Bonds— PrinciINTERK8T OR DIVIDENDS.
DESCRIPTION.
Mr.- Db«i Size, cr
pal. When Due.
of
Of
Par
**** P61 Wnen Where Payable, and by Slocks— Last
explanation of column headings, 4c. tea notes
OnuTSni
Onwtandlngi
V.i'.u.-.
0en f"_ p ay »bl e
Whom.
Canal. Bond)
Dividend.
on first page of tables.
"
LUkigk Coal * XerioaHo»-(Conhnuecl)Mort. loan.*. ($2,3 10.000 assumed by other oo*.)o*
ConsoL
1907 $500Ac.
1871
1,000
1,000
iv-i
1,000
.-
ii
dm
3d on 1,2.11 acres coal land (ext'<l,'77).r
General mortgage
ITerris—Stock, consoL.lp.e. go. 999 yrs. by Lehigh V.
Preferred stock. 10 p. c gu. 999 yrs. by Lehigh V.
New mortgage (for $1,000.0001
Grcetiw'.t
100
100
103
103
103
various.
[869
Preferred stock scrip dividend.
316
316
Psnnsyfrania—stock
Gen. mortg., a f.. Interest guar"d by Penn. KB..C
sVAuyUri/l yawioatitm— 1st mortgage, extended
2d mortgage
Mortgage bonds, coop, (payable byP.sK.)..
Improvement bonds
Boat and car loan, (pay ble by P. A R
>to
)
Boat and oar loan ( do
aVsovcaaaaa— Maryland loan, 2d mortgage
Sosqoehanns Canal, common bonds, 3d mort.
nrat. bonds, 1st mort
do
pmf., 1st T. W. priority b'ds
do
•
bonds of l -
1.000
7t;.'-:-,
SO
1-70
1.000
1,000
1,000
1,000
1,000
1,000
1870
1863
1864
1889
1806
l-*t
1--4
1979
>
A
29.711 •hares have been converted Into Lehigh Ooal
stock, leaving only 2,956 shares unconverted.
1,000
500
MM)
1.000
miles: Ren«
lines (lease 1 Baring term of charter and
Y.. to Lake Vhamplain. X. Y.. and branches.
linton .•»•-.!
9 niasksiaHn and Baas* *
M Ilea, and brann
A
6
7
7
T6
a"j.
8«ra<i>gs
and Isaaed
-Albany.
N
130 mlleai fjuoatflatoa
doriLg term i,f charter and renewals, and sublet to N. Y.
233
Phlla.,
Q.-M.
and Baltimore.
do
do
do
do
do
do
do
do
Phlla.
*
892,801
Advances to leased lines.
Advances on ooalTovaltles
1308,789
sTlsoeUaneoos assets
Telegraph and Car Co....
lapplies.tooU.Ac.on hand
837336J
1.611.251
ana »ml
3,839319
lull*
1885.
18S6.
9
8
1887.
649,905
332.652
19*3*4
330,737
861.729
404.864
720,055
786.149
796,040
3.740.040 2,586,396 '2,604.359
43.035
14,735
14,735
1,185,028 1,135.412 1.200,174
3,964,939 4,159,007 9399311
808.189
13 035
9*98
luuatiBhnj..
Total
July, 1910
March, 1897
1882 to 1907
1895
May, 1880
May, 1913
May, 1915
Jan., 1885
Jan. 1, 1918
Jan., 1894
Jan., 1894
Jan., 1902
do
do
do
do
do
do
1911
1924
Aug. 7, 1888
Aug. 7. 1888
April 1, 1906
Feb., 1889
So. 4th 8t.
do
do
do
do
1884.
Ooal on band Deo. 31
.nine 1,
Feb. 1. 1893
Philadelphia, Olflce.
A J.
A J,
MA
N.
M. A N
M. A N.
J. A J
J. A J.
J. A J.
J. A J
J. A J.
6
7
Dec. 15, 1897
Philadelphia, Office,
J.
J.
7
4500
A.
A
J.
6
6
6
14,000
AD.
A D.
F.
i
•
salrar
4>s
2
6
6
6
6
J.
J.
do
do
do
do
Q.-F.
do
do
F. A A. Leh.Val.RB. Co., Phlla
F. A A.
do
do
A. A O.
do
do
F. A A
do
do
7
Navigation
Delaware A Hadsoa.-H»s. Afosl. Tbs Del. A Hud. Canal Co. was
•Bartered April 7. 1823. and the canal from Koadout. B. V., to Honesdale. Pa., 108 miles, was completed In 1806. The company owns the fol
lowing railroads, vrt Lackawanna* Suaanehannah-Nlneveh. N. Y , to
Jeaarson June. Pa^ 22 miles: Valley KK.-C art>ondale to 8o ran ton. Pa.,
,vi.haitu>lIone*dale. 56 miles;
.» .
vrityRR..!'
. •! v A Meehaalevale— Kast
ilenvllle to Coons. N. Y„ 10 miles;
r rbaron A Al.— Cobleskill to O.erry Valley. «
*cb. l,». -iwli to I) ..!,.
mile.;' 4.-1 Bare. A B***M
DC 1 I iu'l»- Mill
owned. 140 miles; and It leases: Albany A Susquehanna Al'asnr to
lllas.sajlilli
Is* miles (leased for 150 years fmrn Krl
Y..rk .* Caaada 0**bmi m u(*B»|W lty)-Wan«waall. R. v. lo Rouses
•
9t.653.000
2,466.000
643.000
2,035 000
1,025,000
1,175,000
1,000,000
103.164
4,501.200
2,775.000
9.811
134,367
138.000
13,500
85,260
47,750
1,000,000
95,330
40.406
..41,843,804 41,656.642 42, 161.213 44,017.310
JAabUUitt—
Itock
Bonds
..33,500.000 33.500,000 24.500,000 24.500,000
.15.378.000 15.378.000 15,378,000 15,378.000
aUseellancoua accounts
Pratt and loss
..
..
Total
778.072
813,003
1,966.640
3,187,733
694,393
651.134
3.488,176
1,888,831
.41,843.804 41,656,643 42,161,213 14,017,310
liabilities.
i
U»2li. 4«
ern nil J
in !'•
Ont A
West-
'.Vilk'sbarre.
w
term of euarter and
-on RR <tr». kagei-Jenersoa Junetiao to
Total coutro.led. 730 aulas, bat only 682 operated In
•
,'»uy Is among tho largest miners and
<
.
IS miles.
II
•
D. A
carrier* of anthracite eon).
lebentirea are secured by an equal amount of Pcansylranlt
,n Casta, iwa*rv**V
The stock was Increased to 630.000.000 to pay oft* the bonds do- la
1884 and 1891. The sssaainlng 96.500.000 In treasury win be Issued la
1 891. to take ap an equal am mint .if 7 per coat bonds.
Wand 170, i.*d -:.c r..i...»ii,g
The ana ml rraorl bf 1997 ta f 16, |
Dm.
i,
'These miscellaneous assets Include the following: Sundry bonds,
•47.415: 6300 shares Albany A Susquehanna RR., 9650.000: 16,00 )
thares Bensse l sor A Saratoga RR.. 81,600,000; sundry stocks, 9306,94
-(V. 46. p. 38. 133. 17U. 609)
Lehigh Coal A Navigation. -Own« casal from Conlport to Easton. Paon 48 miles, an tleaa-n Delaware lllv. Canal. 60 miles
Als*
owns I^Algb ASosqaebaona RR.. Plilllipsliurg, X. J., to Union June,
Pa 105 mile*, with braaohea. 5o miles, and leases for 999 years Nesquehonlng Val. BB., 17 m.. and rtesoow RR.. 7 \u.; but all these roitda were
leased far 999 years from 1871 to C-ntral of N.J. K1C. r.-tmal m-ing 33w
.
,
pox out of gross earning", with a minlmim rental o 81.414.400.
rneOantral Railroad of New Jersey assumed fin purchase
equipment)
" \310.000 ot the gold loan due 1897 and leases the Lehigh A Susquer''»^"a have led to 92.31
nsany iwaaasto on la<Mt of stockaoMeis for enlarged dividendban 11 a Railroad. The Lehigh A WUkeabarre Coal Company aaiauiuus
iiii way not to endanger the p'a i 9500.000 *f the gold loan due 1897 and 9771,000 (all) of the ...uv,<riil,le
-ingthe heads as tber come doe, gold loan due 1994. The modifications of l.av under the new arrangemake the sash dividend for 1
utral of New Jersey are refcrr.-d f In V. 45, p. 1 13. Tho
percent per snnmii, payable in quarterly d'vldonds Board of Managers' resort for 1817 In V. 46, p. 253, had the following
of on* and one naif (I >»i par cant each. Be, ond this, tnay propose to
1 of receipts and disbursements :
appropriate, from Urn* to time, from the surplus or dividend fut
1885.
1886.
1887.
wentyfiv* 15. per cent of tho
railroads and Nesqne. Tunnel. 81.459.035 31.464,381 91.533,184
lOO.O-Oi dollars of bon Is to be
powers.
65,971
50,220
33,562
water
Lehigh
anal.
IncL
cash
in) sonn appropriation* as
Delaware Division Canal,
11,038 def. 1,995
16,688
396,108
135,104
148,453
let profit on Lehigh Coal
m
I
*'i^as^ma»oMWt*ara*rsrHtMHW"ff*"-r™'-
l
ti
1
1
<
1
U
oyalty on ooal mined by
59394
revenue from rents, Ac., Ac.
paid as follow* from 1881,
i
when they were
In 18i5,6;
nana of stock prices slnos 1892 bat been: In
1881.
67*111: lo 1x85. 6«>a*100w: lc 1886.
«*ji la 1*99 to Nov. 19 Invasive, 103*
wparatlve statistics for four years:
rsorn akd
i--r
8,213.157
47.240
4*6.919
oteoel
,-ltotU
eeilaneooa proflu
..jrost on Investments.
Coal on hand (Dec. 31,....
B»J road earnings In Peon.
nuoyrtrmrrxis
1
...
tldewter via Erie
1867
1999,
7.201.019
54351
.095 10.100,118
893304
943399
983391
14:i,ii97
I
.;. .4
B41J691
1,147.134
1
9,393.163
8
8,266,68711.893,157
745436
893.801
8
64930(1
1,549.180
557.500
337»,297
1,23.1,907
592.403
87J.517
1,155306
899367
767,151
1.069,067
*<-.. H10
385,230
803396
8
332,652
8,019,147
l.i59.llt
taonaes,
1,198,885
lataree
-nse AmlscaL
944j430
11
on leased
973,571
171.577
199.938
s\.\;sm)
raliroads'.
1499361
M993M
10,755.136
9393463
31,699
1,175,485
2.
M. I.)..".
A—ls-
1885.
Ballroad and eqatpmsat.
_f
_Jr
6339310 6339310 6339310 6339,310
6468.681
7.131318
9335360 9.628325
flxt'es.
Coal-yard, barge*, as
Lack. ABaaanehai
Ao.
3.7*3,117
790.779
1.032.939
931.856 1.0O7.821
1.022,938 1,022,938
3,597,074
Bew York A Canada RR.. 3397,071 3397.071
300,000
300,000
Cberry Val. A Bbaroo BB.
69.131
61.934
Meabaa. A ft. Edward RR
.
AMechan. RR
211.527
7.257,3211 7.276,629
9.7.-..I it 10.7
3,795.576 3.792.5 II
211,765
300,000
59,972
312.993
99,581
89,739
844.602
963,318
75.6R9
39,509
85,574
S67.420
75326
80,039
844.488
91.119.027 $1,108.140 81,131,510
Total disbursements
ofearnings
9865.819 9630,021 9671,676
993,558
989,410
961,697
k. fd. of 10 p. c p. ton nn coal
94,009
86.869
Ltwsdepreo'nonooal.lmpr'r'm'U.Ao.
Total
Sarplus for year
Balance to credit of dlv'd
fd.
8180,427
$645,222
679.936
Jan. 1 .
$1,365,158 91.214,145 $1,156,107
570,408
509,362
681315
1
8
4>a
Total
Dividends.
Bateof dirldi-nd
p.
634; V.44,
p.
374
;
$044,037
9683,843
BAlanoetocredltof dlv'd fund Deo.31
—|V. 43.
$159,606
$512,070
644.037
$89,419
$530,602
683.843
V. 45, p.
1
$618,71
13: V. 46. p. 253.)
Iforris.- Leased April, 1871, to Lehigh Valley Railroad for
The leasees assume bonds and scrip, and pay 10 per oeat
annum on pref. stock and 1 per oent on conaol. stock.
9!
years.
Pennsylvania..— Worked In interest of Pennsylvania RR, which
guarantees Interest on bonds and owns $:i,517,15u stock. learnings In
1886,9381,385; net, $79,537; Interest. $170,6 10 loss, $91,103. In
1887, gross, $300,072; net, 975,322; Interest. $168,571; def., $93,219.
Schuylkill Navigation.— Leased from June
1887.
•
....
Mine tmpro Via.
I9J9.
958.948
6i.9.;r,
;
9.2*5,687 11.892,457
OXWESJkL BALABCB AT CLOSE Or KACII rUCAJ. TEAS.
1891-
959,194
73,04
.;•;..
395,001
830.542
{
and legal expenses
Bent and taxes NeequehiMilng Val. RR
Beat and taxes Delaware Dlr. Canal
Taxes
Interest account
Mr,
58,410
633,867
793.716
8
Uaa.
1999,
2*4.4*4)
10,755.138
Total
loos.
71,303
90,797
91381.676 91.728,507 81,803,188
Total receipts
Diss arm s
2-
phis A Reading fin
exchanged under the
All Hie
Pail.
A
it
1,
1870. to Phlladel
in tbelablo were
n.u j.lnu, for bonds
bonds savetbose
adnu
reirgatuz
.'
V. 44, p. 2 10, gave a slat, ineut of
It
the company's relation* to the P. * hi. company ami a history of Its
to the It adiug In 1846-87 was
years.
The
l04S
former
In
iirosoeray
s.i was 9477,614; loss In 1484--.5, $444,292.
(V.
44,p.752,782, 409; V. 45, p. 149, 673; V. 46, p. 210.)
of toe V. v
|
•
9a*u.uehanna.— Leased and operated b;
Railroad for Interest on bonds and half of n.
save those In the table, were exchanged, ut
59.972 P. A It binds. Loss to Reading Ins 1886212,993 $2)9,784; loss In 1844 5, $230,657.
l.n
Philadelphia
3-
Oarnlnitx.
3<K>.oou
ir
A
Reading
A II the In. nils
the Re.ii.ling I'lan, for
$135,159; In Ih85-8C,'
SUPPLEMENT.
ENTESTOKS'
136
RE ALU
o'tT,"I,;
MAP OF THE
q
.
DELAWARE & HUDSON
lWaterloo
St.John^
CANAL COMPANY'S
MV
Jo*
RAILROAD & CANAL SYSTEM.
»
XXVII.
[Vol.
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3
I
NOVKXBER,
RAILROAD STOCKS AND BONDS.
1888.]
137
subscribers will coaler a great firor by giving Immediate notice of any error discovered In theae Table*.
Smut* -PrtnolINTEREST OK DIVIDENDS.
DESCRIPTION.
When Due.
Date Size, or
Amount Kate pax When Wbere Payable, and by pal,
Par
Stock*— Last
of
For explanation of column headings, Ac. see notes on
Dividend.
Bonds Value. Outstanding Cent. Payable
IWhoin.
first page of tables.
BUM fl2.000.000
Kt mmt O tooh
100
9,802,100
m b*U IWspAows-Btook.
Debenture*
tares (92.000.000)
(92.000,000) red. at 110 aft aug.l, 1890. eAr 1888 SOO.Ac.
(1)
100
14,000,000
aster. Tat a) OaMs—Stock, guar 5 by West. Union
25
1.500.000
daserisaa Coof (JTarylaiuft-Stook (In 1888 paid 6 p. e.)..
100 42,185.228
imritra Cotton OM TVkjj -Certificates
100 18,000.000
aiaWcaw atrarsss-Btork (In 1888 paid 6 p. c)
100
1,100 00
fMUea Oso/jfiiiiaff—Stock
l.o.
i--ib
750.000
lnrnTtMe
si un frond Coal Co
100
3,000,000
71:',-?-.
16<4
OanMm Ou u n t Ot oc fc (44300 snares)
100
Osnsrni d JbwA a
rwi
TWsgrn aa B too k
4.006.600
100 10,000300
Oiliraai OomH In
Block
1.000
lsteoosoL roort.. fold, aocum.. sink. fd. not drawn.. c- 1--0
3.499.000
100
4.700.000
CWmaeiudBsrUiif Coai d Iron <7o.-8toek
lstM.g..s.rd(on 13.351 acres I'd, mines Ab'd'ga)....c" 1887
1.000
1.000,000
lll.lHH.ifclO
OommrrruU OasX*— Stook
OontolUaUfm Coal of Maryland—Block
Too 10380300
1st mortgage consolidated, convertible
1.000
1.100,000
1871
100 35.430.080
^ci::;;:::::-:::::.:::::::
888.000
IlgntCo
881300
r 1888
for #3.000.000
1.000
650.000
JMraU Uatk. d UanpttiU land Oo.-Bonds (lnoonie)
1881
1.000
4.550,000
3,(i00.i<00
100
"lOoaLig** Oo of Mew Fork-Stock
-at M. Y., Company's Office. Sept. 1, 1888
Boston, Compy's Offloe. Oet. 15, 1888
2
3
7
-J.
A A.
-M.
A 8.
1>4
3
1
3
do
Aug.
do
1,
Y„ IWest. Union Tel. Deo. 1.
Sept. 10.
N. Y., 1 Broadway.
Aug. 1.
N. Y., 45 Broadwav.
July 2,
N. Y., Co.'s Office, 6A B'y
N.
1893
1888
1888
1887
1888
1
0—
—
i"j. N.
wm w
1*4
.
•sWd
Tel.
-Stock, rental guar.
6% 99yrs.W.Un.Te.l.
Boods, not mortgage
MsraaTI
ttHar
nmri
OemnTHtarmmk
5
6
6
2400,00
lames d Wilkmtmi
<*>oi—Stock
Ossrttog loan, staking fund, drawn at 100.
1>I
1874
l«s
2>f
•
500
.MX i.i h id
8800
8,700.000
1.504.000
«
w— No reports.
American Bell Telephone Co.— See
2
1.000,000
8,000,000
.-'00,000
A
J.
A J.
AD
AA
J. A D
S
M
A A O.
0—J.
F. * A.
N. Y., Central Trust Co.
6
Jan.
1,
1907
1888
Oet. 6,
Feb! T," 1900
Jan. 1, 1917
N.Y.,Co.'sOffioe,71B'y Jun."31,"l888
1897
1888
1901
1898
June
May
1908
.v
1911
Oct.
N.Y. Office. 340 3d Av. Oct. 15, 1888
N. Y.. Central Trust Co. Aug. 1, 1899
Oo'., 1888
Q..-J N. Y., West. Union Tel.
May 1. 1895
M. .V N.
do
do
Q.-J. N. Y., West Union Tel. Oct., 1888
do
J.
J.
do
do
do
J.
A"j. N.
M.
A
N.
do
Jan.
6T.T, Offlce.4 Irving PI.
F.
7
3.000,000
1881
J.
100
Stock, 6«4 99yrs., W. Cnlun
New York Offloe.
Q,-J.
•*i
1.00.1
51H.
& Tr,
'eg.
6
6
.
Fanners' L.
P. "i" A. N.Y.,Of',"l5" Broad 8t.
'i*
6
3
I
Y.,
do
do
do
Y., First Nat.
Bank.
New York A London.
June
1,
15,
Aug
1,
1,
1,
1,
Nov.
July
1,
1,
May
1.
1887
1901
1890
In the real estate depsrtment the earnings are wholly from rentals of
houses, lands. Ac. containing no receipts from land sales. (V. 44, p.
• OO; V. 46. p. 888.
report for the year ending
-7. In Caaostcut. V. 46. p. 412. In 1886 paid 16 per coot
dividends, laolndlng an extra dividend of 4 per ornt. The debentures
Columbus Hocking; Coal Ac Iron Co.—Organized at Columbus,
were Uaoed In 1888 to provide funds for the ooaatruetton of the toag- O.. Jan. 26. 1883. Toe Central Tr. Co. of N. Y. Is trustee of the mortgaga.
> telephone system.
In 1887. gross earnings were •3.453.088: After May 1, 1888, two cents on ererv ton of coal from the mortgaged
3 0.503: dividends paid (16 per cent). 81.568.336. In 1888 premises goes to a sinking fund ; bonds tendered may be purchased at
i of 18 pot(V.44.P.488; V.4e.p.412; V. 47, p. 80S.) not above 105. The company owns large coal and Iron properties, with
A me rl ran Coal. -There are mortgage bond* lor 8300,000. The extensive works thereon. In Ohio, and a full description of thwe waa
annual report tor 1887 la V. 46. p. 253. gave the following Information: publlthed in the Cmbokiclb of Feb. 26, 1887, V. 44, p 278. The total
Income. 1887. 8652.237: total expenses and Interest to March, 1888, property and assets on Jan. 1, '88, as per balance sheet, were 85,973, -43.
In nasal year ending March 31, 1888, gross earnings were 91,346.333;
8867.414; balance. 884.423.- (V. 44,p7 2 74; V. 48. p. 253 I
net, 9179.912; surpln* over Interest and improvement*. SUO.UiO.
American Cotton Oil TrnaL—This la a "Trust" formed to con- Annual
report was to V. 46, p. 737. Mr. J. O. Moss, President, 45
trol a large proportion af the cotton seed oil nulls of the United States.
The Board of a a s feeaan l o o nalet s of nine trustees, or wham three are Broadway, New York. (V. 46, p. 172, 573, 737.)
alerted each roar. The title deads of the several properties owned are
Commercial Cable Co.—This Is popularly known as the Maikay
deposited with the troatssi. who laane their trta* •eitlacatae of 8100 Bennett Cable Company In September, 1887, the stock was raised to
each, and these are dealt to at the Exchanges. For the rear ending 86.0jO.000. and to Oetober, 1888, to 810.000,000.
May 3 1 1 888, the not earnings were 83.020.445 over nd above 9350,Consolidated Una of
York.—This oompanv waa organised
93 1 spent tor betterment., repairs. Ac. No Balaam sheet la published. Nov.
1884, under chapter 887. laws of New York, 1884. Tne comDividends of 1 par ornt quarterly for the year 1887-88 were panies11,•nenml
In It were the New York Gaslight, the Muniotpa! Gasdeclared, bat to Oct., 1887, the company announoed that dividends light. the
Metropolitan Gaslight, the Manhattan Gaslight, t he Knickerwould be suspended. N. Y. Office. 45 Broadway, N. Y.—(V. 45, p. 35, bocker Gaslight
and tbc Harlem Gaslight The total stock was 939,638. 564. 806; V. 46. p. 829; V. 47. p. 139.)
078,000. of which 83.6 "7.940 waa reserved for working capital and
American Telegraph
Cable Co.—Owns two cables between for indebtedness of old companies. (V. 46, p. 418,537.)
Banann Cora, England, and Dover Bar, Nora Scotia. The stook of
Consolidation coal.— Annual report ."or 1887 waa In V.46, p. 253.
88O.0O0.O00 was 70 per cent paid up. and to April. 1883, a pooling ar1887.
1886.
nt was made with the other cable companies tor 88 years, by The (cross receipts from mines, railroads, rents,
Ac (Incl'g value of st'ck of coal on hand), were. 92,039,427 92,373,083
upaey receives 224 per cent of combined revenues while
Tot.
ex
pen
's
sink,
of
every
kind
(ex
el.
of
tot
A
fd.,
1 and 12% par cant If only one Is working,
but Inci. steel rails A all extraordinary outlays). 1,783.442
1,949,253
le year after any breaking of the
•Mas: If not repaired within I
time the percentages are reduced
Net receipts
9423,829
9355,985
according to the time that the <oa blas remain broken. Then this eompony's eeblas ware leased to W astern Union tor 50 years, with a guar
The int. anil sink. fd. In 1887 took * 102. 138; balanoe, surplus. 9261.690.
amy of 5 per oent per annnm on the stock lsaoed-814.00u.000.
This company guarantees also 2d mortg. bonds of the Cumberland A
ba Coal ninlng.—I >w ns 2.1308 acres of coal and iron lands Pennsylvania RK.. which it owns, and assumes 9135,000 of the Union
to Bibb. Shelby and Jefferson eoaatles. Alabama, with six mines to Mining Co.'s bonds. Total bonded debt on lands and railrouds is $2,operation; also 16 miles of standard gauge railroad, fully equipped, 886300. (V.44. p. 810; V, 46. p. 353.1
connecting Its mines and mining town Blceton wltb the Al. Ot. So. and
Detroit .Vfacklnac Tflarquette Land Grsnt Bonds.—Owns
Louis, m Nash, railroads. The application to the Stook Exchange for the ai,. .hi 1, :ioo,uoo acres of land In Nnilliern Mulligan, along the line of
Usttor of the above seaurlUea was given to full In Chbumclk. V. 47. tbeD.
RR, which road was sold In foi oclosure Oct. 20, 1886. The
p. 411.
land grant bonds retained their lien upon the lands covered by their
Caaneroa Iron Coal Co.— This company was organised to 1886. mortgwe Tbe bo dbolders received a bonus of 3b tier cent In comty are near Emporium, Pa . and formerly belonged
tockof the Duluth South Hhore A Atlantic RK. Co. In March,
Co. Nicholas C. Miller. President. N.Y.
1888. Lands are free from taxation till 1895. Jas. McMillan, Detroit,
al)
(Balt.i-The capital stook. President.— (V. 46. p. 320, 573.)
neat to the original bane, became praoKqultable Gas Light Co. -Incorporated March 9, 1882. Own*
was reduced by purchase three bio. ks between 39th ami 42d Sts., First Ave. anil East
I par per share, and
Kl ver also
_ to 44300 shares.
The Union RK sinking fund of 32 lots between 58th and 59th Sta. and 10th anil 1 1th Aves Total assets,
8018.708 remains the property of Canton Co.. and Is bald by the trus- Jan. 1, 1888, 95,536,714; mains about 95 miles: gas works valued at
taea till bonds have teen paid off at maturity. Report for 1887 In V. 47,
92,076,447; real estate at 91,159,205. There were also Sept. 12. 1888,
p. 30. (V. 47. P. 20.)
<0H peroeut certificates of Indebtedness, redeemable 1891. duo
Central
South Am. Telegraph. -Line from V.raiTux. Mexico. 8750.0
1696. It waa voted to December. 1887, to Issue 91,000,000 new stook,
to Chorrllloe, Para, with branches, 3, 100 miles of cable and 335 miles of but this amount Is not Included above.
land lines. Completed Novanbar, 1883. Connects at Lima with West
International Ocean Telegraph Co.—The Western Union Co.
Coast Tel. Co. of salaries, having 1.700 miles of cable to Valparaiso.
and at Vera Cms with Mexican Telegraph Co. Stock la 85.000.000; no operates the line oy contract for 99 years from Jan. 1. 1882, paying 6
hoods. Cbnenrntog p ro p ose d now cable from Oalveston to CoaUaroales, per oent per year on stook, of which It owns if 1 ,913.800.
am under Max. Tel. Co. The con to this company, about 8«0.0u0. will Gold Stock Telegraph Co.—Operated by West. U. T. Co. by conbe paid out of surplus oarntogs. In l>-87 gross earnings were #451,- tract for 99 year* from Jan. 1 '82, at 6 p. c per annum on stock and bonds.
808: 004,8315.638; surplus over dlvldeadajB p. oent). 8^5.242. James
Iron it earn boat Co. -Property consists of seven iron steamboats.
A. Saryaaer. Prest. N Y.
V 44. p. 274; V. 46. p. 804.)
92,000.000. In year em log Sept 30, 1887, gross receipt were
Colorado Coal * Iron.- This oompanv. with headquarters at Col- Stock,
2 >i pi cent,
V. 43, p. 642, V. 47,
denils, l>iptr
net, 930,017; dividends,
9365.808
orado apring*. Col.,
a ooosoUdaUoa Dec 13, 1879. of the Central p. 555.)
Pasoia du lm. Co.. the Col. Coal * Steel Works and the eoulaeiu Colorado
Wllkesbarre Coal.—This company Is controlled by the
Lehigh
Coal A Town Co. Stook Is asa assessable. In Nov., 1887, a decision In
Central RR. of New Jersey through ownership of a majority of the stook,
to atftate land titles was made In favor of this Co.
also 96, 11 6,000 of the consol. tin irt cage bonds and 92,353.000 of the
t of the report of 1887
In V. 46. p. 388.
Income bonds. The L. A W. Coal Co. also assumes and counts as part of
aajui!«>s s*t> BxrEaaxa.
Its funded debt 9685300 bonds due 1 89 4, and 9500,0 K) bonds due 1897.
1887.
1886
of tbc Leblgb Coal A Nav. Co. A sinking fund for their redemption at
Grose.
Grose.
Net.
Net.
maturiiy is provided fur ibe tiomls dun 1912 from sales of surf.io lands
Coal A enke department. 81,1»7.'.'70 8285,400 81.391.057 831M.5:'
Iron and steel dept
690.086
35,749 1,892.149
209,410 and from payment of 10 cents for each ton of coal mined on pm)> ity
loas976
loss2J6 Included In the tint 11. n. From Jan. 1 to Sept. 30, 1888 (9 mouths).
earnings were 87.527.017, against 88,?77,447 In 1887; net,
8308
39,143
8368
84J988
470,107. against 888 ^,773; surplus over Interest (Including Incomes),
-s.1 hj
'..ll«>
6,527
8388
il.UOO. against 81 -3.-1 i~>, The annual report for 1887 was in V. 46, p.
7. and showed total receipts, 99,370.271; net over operating expenses,
1.556.586.-(V. 46, p. 287, 537; V. 47. p. 21, 108, 227, Y3. 472,499.)
.Vilnius.— There are outstanding only 15,000
niaripoaa Land
shares, the balanoe being owned by company. Litigation has been In
progress many years and nothing done on the estate.
Maryland Coal Co.- In 1887 the mines of this Company produced
316,518 tons of coal, an Increase of 27,776 over 1888.
naxwell Land (.rant Co.—4Set Map).— Owns 1.700,000 acres In
Colorado and Nev.
nt<ining coal, timber ami land fit for
The estate I- traversed by the
r-.i/ing and agricultural MUuaaas,
tehison liq» ka A San'n Ke Kailrosd fmtn north to south, and the
Denver A Fort Worth Railroad. The prior lieu bonds arc authorized
A
M
New
.
A
—
W
I
A
MAM
~
A
Company
;
*
A
,
i
wm
-.
;
A
I
wm
,
Ess
A
(
its
INVESTORS' SUPPLEMENT.
[Vol. XLVII,
d
f'c-VEMBlR,
139
RAILROAD STOCKS AND BONDS.
]
dlecowered In these Table*.
Subscribers will confer m great fawor by slvliis Immediate notice of any error
DESCRIPTION.
F <r explanation of column
Ac, see notes on
headings,
page of
Date
tint
tables.
Si/.e,
New mort., cumulative linking fund (not drawn)
Maripooa Land d Mining—Stock
1.000
o
1,000
1888
100
100
Preferred stock. .«. .........«.•-..-••. ...............-----
—
—
1,000
................. 1875
.....................
Mortgage bonds
Maryland Coal—Stock
Bond, drawn at 100
Mamll Lff. Or.-Pfr lien bdi.g. jed.at 100<or 110 at mat )c 1888
,
Metropolitan Tel.d-Teleg. Co. -1st M..g..*.f. (notdr n>..c*r
100
UNO
500
l--s
Too
Maiean Telegraph-Stock
Minnttoa Iron Oo.-8t.x-k
.........
...
Otniral Coal-Stock
*. T. Mutual TeL -Stock, guar. 6 p.c.99yre..by We«t.Cn.
stnk.fd..c
cum.
$50.00u
by
W.
Cn..
gol.1.
rasr.
mort..
1st
Worn York * Perry Coat <t Iron Co.- Stock
York d Ttiat hand I Limited )-Stiock ....
Land scrip receivable 75 per rent for lands.
ffsriawcsisrn TW. -Stock. 4 rising to 6p.c, guar. West Cn.
ibo
25
Mtm
un
Preferred stock. 7 p<r cent, non cumulative
1st M-, g. sink, f <L. $378,000 held in s. f ., but draw Int.
.
"50
"ibo
100
1,000
uso
100
50
50
FaeilU Mail SteamtMp-a-.ock
Pm nmtlwmii ia pool—Stock
nUmlirmkia Osss»wi«r-(Katural Gas) Stock
BcndsforS2.M0.000
M.AN.
1H
7
«
5
K8.
i" J.
M.
A N.
A J.
A N.
J.
M.
New York
1900
Oct. 13, 1888
Apr. 10. 1888
OiBoe.
N. Y.. 52 Broadway.
6
N.Y..J.8
A
A
27,,
g.
1»»
3>«
6g.
1,
Nov."'i,"l912
A J. N. Y., West. Un. Tel. Co. July, 1888
A N. New York. 1st Nat. Bk. May 1, 1911
1888
«g.
7
June
N.Y.Offloe.l Broadway,
Q.-J.
"i"
3
St.
Jan. 1, 1896
New York.
Jan. 1, 1876
Nov. 1, 1906
N. Y-, 35 Broadway.
Jan.
1, 1913
Amst'datn.
N.Y. L-.nd.A
May 1,1918
N.Y. Mercantile Tr. C>.
J.
2>s
3.000,000
1,500,000
l,006,t0J
2,500,000
1,180,000
7.000,000
8,000,000
5.000.000
20,000.000
5.000.000
7,500.000
50
119 Liberty
do
do
do
do
do
do
Y.,
ll.
Q.-M.
2,000,000
1,434,400
14,000,000
5,000.000
(»)
(f)
100
Bonds, Interest guaranteed
Oregon Improvement Co.—Stock
I
2,500,0.
1,000
Mm
Boiuts— i"riu. IINTKKKST OR DIVIDENDS.
pul.When Due,
Stocks— Last
by
and
Payable,
Rate pel When Where
Dividend.
Whom.
Payable
Cent.
$259,999
11.500,000
331.711
2.HO0.0O0
10,000,000
5,000,000
250.000
4,400.000
116.000
$....
..c
Sundry mortgagee
Ttltgrmpk
Amount
Par
ot
Outstanding
Bonds Value.
e
Lrni'jk* Witketbarrt-Wonlinued)— Mortgage loans
Oonsol. mort (*6. 116.000 of this held by Cent, ot N. J.)c 1875
1
or
Feb. 10,
Wctmore2Wall Aug.
8,
1888
N. Y. West. Un. Tel. Co. July 1,1888
do
Jan. 1, 1904
do
Nov. 1, 1888
N. Y., Mills Building.
J.
J.
1888
1910
1887
1888
Nov. I,
F.
N. Y.. 1 Broadway.
ft thly Pittsburg, 935 Penn Av, Nov. 25, 1888
J.
do
do
A D
do
do
Sept.
1,
1.
Deo.
Sept. 15,
4
1
(t)
i
OmtU Co—Stock.
5.000,000
5,000,000
1.O00
o'
l--.;
\ketpmie IBridge. --1st mort., gold, for $5,000,000...
Pougkkttprie
Sd mortgage for $200,000.
mort.
for
$1,000,000
KK-.
l»t
Connecting
Hudson
'
Poeghheopato Connecting BR 1st mort. ftir 1 1 .000.030
Bi-
F.
A
A. N. Y. City,
Merc
Tr.
Co
Aug.
1,
1936
.
EXPKNSK8.
tor $3,000,000, payable at 1 10 at maturity, or redeemable at par from
proceeds of land aale*. The Inc. mort. bonds are deposited as collntcr.il
seeurliv for the 1st mort. bondt. The management of the property, unced In the
til toe date when all prior Ilea bonds will !>• pal
I
R. V. Martinota bard1 of trustees. President Board of Trustees.
i.e of
advertisement
The
Mew
York.
Broadway,
40
March 3. 1888. gave much Information concerning the corn -any.
1895-86.
Atlantic Line
Panama Line
\ l-tralluu
ir.,,...IH..n
has c<
-
W
In 1878 under laws ol
cable from Ualreston to Tampleo and Vers
Jltilran Telegraph.—Company organized
.
Crux, 73" miles; land Un.-. Vers Cruz to Mexico City. 267 miles.
Has exclusive right for 50 years for all foreign telegrams to Mexico,
telegrams to an 1 rrom a neutral boo* on the Called States
•order 158 miles wide, between the Gulf and Paclne Ocean. Company
awn* !..«« shares of tbe Central A South American Telegraph Co. It 1*
.In with the Central A S.uth American Toleguapb Co. In
laying a dlirct cabin from GalTesbu. U. C atxacoales. In Mexico, the
being about $375,000. Stock will be Issued to
this
company
CMt to
represent earnings used In meeting thai expense BeTsaues h
-143. 440; surplus,
dividend..
$60,979;
expenses,
-988.187;
$04,047. J. A? Serymser. Prret.. Kew York. iV.46.r- "04.1
Iron Co.—Company owns 14,270 acres of land and six
Iron mines In St. Lout* and Lake counties, Minnesota. Owns also $600,000 stock. $4. o.ooo 1-t mort. bonds and $3,500,000 6 percent Income
Dulutb A Iron Range RR Co. Mined and shipped 301,
if ir-n In 1887. Mock lUted April 25, 1899. H. II. Porter.
ox.
Office. Mills l: ilnllng. Mew York.
Central Coal (rid. >-Tbe annual report for 1887. In V. 46. p.
174, showed net proots for year of $3-1,668 ; and balance to credit of
*241.353, sgainst $3 >profit and low Dec 3:
llvldend 1 percent ($50,000). paid March, 19-7. (V. 48. p. 170
I
ninnsMU
New
I
Tel,
Co. organliatlon was changed to the New York Mutual Telegraph Coin
paay and the stock was reduced to •2,500.000, carrying dividend* of
8 par east per annum, under a lease for 99 ycir* toWeaterr
TslegTsph. A linking fnnd of $50,000 yearly purchases lion is. if |. •In July. hh. the Weaten.
Slbls. st 110; otherwise U Invested.
offer.
.1
trust bonds In
and bonds, and over
-(V.
W. Y.
.,000.000
1
A Perry
Coal
*
exchange
at par for tin
had btea exchanged by Mot..
1888.
<
•
A
.
nummnx,
—
!,[..
In 1SH0. 27>*»62 In
1881, -Uin'iJV*: In 18-<J. 3i»*a41\; In 1-H3. 2H«l«i; In 19-4, .114
-.i»*:0; In 1--H, 4.-.\o>07; In 1887, 32>*»58\; In
17lnclus!Te, 28'*»40'«.
Plscal year ends April 30; rejwrt for 1887-8 wa* In V. 46, p. 706.
nlnce
1»80 hare Iwen:
;
I
BASK
A-laatktUae
Panama Mne
Traos-Paclne Line
-I. an Line
6iit>«i'!l"s
1898-87.
1887-89
$957,910
BToavTMO
$8^,011
1.603.536
1,534.272
U368382
1,778.278
1.2-2.317
I.3.U. -:-i
$3,633,371
$4,078,547
160 414
and other sources
Total...
#4,47U.»J9
406.781
493,702
714,189
i
i
andlog
,:
*
irch 31,
i
-
ov.r divldeuils (12 per cent)
( V 45, p. 292,
.Jr., President. Pittsburg.
-. |,
173
I'.islal Telegra h Cable.— This co-np:»nr Is *uooenor to the
The old bond* took new
Postal I.-l.-itripli to tad Postal I,
face, and the out stock 5 per coulof it*
stock for 35 per cent
new. F-u closure suit begun by Farmers' Loan A Trust
sals took place Jan. 15, 1886. A. B. Ch.tudler,
were 81.9J1.703; nel
-
l
(V. 4't. p.
1
to build a railroad
I'l.ugiikeepsle. Active operations to
1W90\ and contract made with Union
lad) for traffic In 1883. <:..;ut:.l stock,
Poujihkrepsle Bridze Co. -Chartered In 1871
,it
te
the work wer- bscoa
Itri lg.
In
Abstract of 1st mortgage (.M.r.iiiiille Trust
to. Tni-.te.-i in Vol. 4">. p 27.".. N. Y. Otnce, 15 Broad Street. (V. 45, p.
175, 401. 473; V. 47. p. 81, 256, 410, 555.)
PalaceCar.— Thestook has been Increased from time to
time to piovnle new capital, a* wanted, since the price, ruling above
par. gave a bonus to stockholders when subscribing tor new stock.
Fiscal year endaJulySl; report for 1887-8 was In V. 47, p. 471, and
gave an account of tbe new contracts and general financial operations
in tbe year.
$5,000,000; par value $10
i
Pullman
INCOME ACCOUNT.
1895-86.
Kevenue—
Kamlngs (leased
Patent
Iron Co.-TIil* company wa« a reorsatil
nation or tbe M. T. A Mrsitsvllle t'.-al A Inn Co.. foreclosed. The assets,
as per balance sheet on June 2<>, 1887, were $3,476.46*. and stock was
teetreerd to $3,000,000. A fu'l exhibit was published In th- iih.is
Htl, Y. 45. p. 84. Dividends of 4S percent p^nl in 1887 (V il.n. 744
T. 46. p. 56. 81.) Omoe. 63 Broad w si , N. Y. Uty ; C. R. Griggs. Presi.
Work Texas Land -Thl» company took the land* grant.
to th* Inteniafl and lions. A Great North n railroads, about 5.000,000
acres, which were g.ven In settlement to the holdeia of cot vertlble snd
Sd mort. bends. June 30/.97. bad 2.303,071 acre* unsold. (V. 44, p. 527.)
Northwestern Telegraph. -Thl* company own* 8.000 mile* of
wire and is leased to Western Cnlon for 99 rear*, with guaranteed dlvt$*ada of 4 per cent at first, rising one-eighth per cent a year to 6 In
1997 and afterward. The bond Interest u guaranteed.
Oregon Improvement Co. -Th!a company owns $3,000.000 stock
Ot the Seattle Coal A Transp. Co.: $675,000 stock of the Columbia A
Paget Bound RR.: $1.9-0.000 itock of the Pacific Coast 8. 8. Co..
and 81.170.0O0 stock an 1 $1 ,149.000 1st mort. bd*. of Pac. Coa*t By. Co.
There was $1,000,000 of pref. -tuck so,. I to a syndicate In Sept.
For year ending Mot. 30. 1987. grass earnlnt* were $4,060,971: net.
$1,134,19'.. Pram Dee. 1.1887, to Sept 80. '88 (lOmoe.l.gross e
e $4,078.31 2, against $3.235.9(1 » in 1886-7: net, $907.44 1 h
V. 47. p. 473. (V 45. i>
,608. See circular In
8!?, , BOW; V. 46, p. 76. 418, 803, 819; ¥.47^.227.344.47.1.)
I nail Hteantshlp.— The Pacific Railroads glre totheateam(uaranty of $65,000 minimum net earnings per month
New
435,838
171.064
714.100
149.490
457.367
170,191
$3,179,451 $3,337,838 $3,638,119
Total
$140,428
$295/133
$1,300,485
Met earning*
Mo balance sheet to April 30. '89, was given In the annual report. Geo.
706.)
V.
46,
173,
727;
p.
210,
272,
I. President,
.V. 45. p.
Philadelphia Company.—The company waa Incorporated by
Social act In Pennsylvania. March 20. 1871, as the Kmplre Contract
In 1887 the
-iipany, an.l took the present name June 11, 1884.
Chartler* Company was leased for '.IJ years at a rental of 30 par cent of
comPhiladelphia
Th«
monthly.
earnings
net
Piuladelphia eoun.auv's
Pittail
..
large share of thi
;m territory
vicinity, owning or lew
of
Telegraph. -The Mutual Union
$602,170
1,421,307
Line
'
Mew York Mutual
Oti
MlsceUan eous expense*.
phone
1987-88-
$.•.!»< 1.1
1,357,949
682,921
Agencies.
by the Am. Bell Tata
1
oi N -w York. It* Hock beii
Co. T ic mortgage c.irer* reel e*tate and bulldiig In process of
ronatniction. which together will be w. r:h *1,000.000. and also all
Aft
--», wires, Instruments, etc.. of the company.
there a 111 be a s nklng fund of one per cut to purchase bonds. It posslitmtte-l in other securities. Trustee of
i;ni.iiTel.Co.owns$<00.000stock
trust CO.
county
1888-87.
$608,065
1.080,211
rrana-Pacltlo line.
telephone A Telegraph Co. -This e,
us u.der tbe Bell patents for the city and
n.
....
line* included)
royalties, iirinuf. profits,
Ac.
Total revenue
Dii&ursrmenta—
,tig expense*. Including legal.
General, tax-s and Insurance (leased
no* Included)
Paid other aleep'ng-car association*
controlled and operated
Rentals of leased lines
Interest on bood*
Is on capital slock
Repair* of car* in excess of mileage
i
ti.
Contingency account
is-.;
-47.
1897-88.
$
$
5,075.383
549,129
5,621.018
819,914
6.259,371
1.850,838
5,623,512
6,410,932
7,509,754
2,057,627
2,224,807
8,506,584
802,176
889.896
68,000
86,000
159,150
168,050
1,274,018 1,274,176
210,018
100,000
1,045.398
13i,450
1,610.800
198,870
loo.ooo
4,487,881 4.901,017 5,494.192
Total disbursements
1.155,631 1,536,895 2,015,562
Net result
V.
-(V. 45, p. 509, S38. 696;
47, p. 471.)
Ivor mines at Now Almaden,
vns
quicks
Sulrksllrer Tllulng.—
not oumuI in- in. [.-rresl stock li entitled to 7 per oL per annum,
goes
the
common
anT
aurpluto
and preferred equally. Bee
,.nd
ananal report for 1887-89 In V. 47.0.49, showing net Income applloai,|.< lodlvl lends r.irthe
year of $328,854, against $178,418 In 1890-87;
.li vi i. oids In 1890-87, 2*4 percent; la 1887 8, 5>s per cent. (V. 45, p. 83;
O
V. 17. p. -19.)
uls Drldo-e A Tunnel Railroad.— The railroad and tunnel
under the mortgage o H7;i, July 1,1878. Foreclosure under
ml mortgage* on the bridge w.w made Dec. 20, 1878.
I
On July 1, 1881. the bridge ,.n,| Tunnel Kailroad were leased to the Mo.
Pacific and Wabash St. Louis A i'acitlo for the term of their corporate charters, on the terms following, viz.: Of the stock $2,490,000
•ii -•
preferred, by the term* of the lease, is guaranteed 6 per out
ji3,000.000 second preferred 1* guaranteed 3 per cent per auuum.
stock ot $1,250,000 1* guaranteed 6 per cent a year.
railroad
Toe
The whole annual charge for rentals Is $670,000, one-halt payable by
Missouri Pnolflc and one-half by Wabash. The common stock was held
by the London Reorganization Committee, and under the lease was
transferred to Mercantile Trust Cjiuipany of N. Y. with power to vote
thereon. In the year ending Dec. 31, 1997, gross earnings were $1.7 14..
692: net, $903,902: surplus over interest, guar, uivmeuos, etc., $4d,3 36.
St.
l.i.
•rere sold
I
;
-07.46, p. 255, 471
)
1
INVESTORS' SUPPLEMENT.
140
DESCRIPTION.
For explanation of column headings, &o., see notes on
page of tables.
Pullman Palace Oai
Bonds. 4th series
tlrst
—Stock
Date Size, or
of
Par
Bends Value.
1872
Sterling
Payable
820,000
5,708,700
4.291.300
2,500.000
2,490,000
3,000,000
5,000,000
1,250,000
948,875
2,300,000
418,000
495.575
475,674
20,000,000
997,863
10,000,000
715,000
266,000
3,403,000
1,254,000
10,3 0,000
3,000,000
1,000
100
100
100
100
100
1879
1st mortgage, now, sinking fund
Tunnel KH. of St. Louis, stock, guar
4
1,000
c
"25
Atlantic Telegraph—Stock (guar. 5 per cent.)
Iron* Railway.—Stock
50
Mortgage bonds, income, series "B"
Plain Income bonds
Sterling Mountain R'way.— 1st uiort. Income guar
_
c
1880
1876
1881
500 Ac
1,000
1,000
Mutro Tunnel—Stock
10
Mortgage income bonds
Tenn. Coal I. <t RR. Co —Stock, ($1 ,000 0C0 Is of. 8 % cum.)
Pratt Coal A Iron Co., Ala., 1st mortgage, sink, fund
Alice FurnaceCo., Ala., 1st bonds
Birm'ui, Ala., Div., cons. M., g. s. f. 1 p. o. not drawn., o*
Tennessee Div. bonds, gold, sink, fund l>«p. c. yearly. o*
Texas Pae. Land trust.-- 'Certificates of proprietary Int."
Union Palace Car Co.—Stock
United Line* Telegraph—
1st mortgage (subject to old lien of $300,000)
2d mortgage (for $3,600,000)
United Slairt Express— Stock
1887
Too
1883
1832
1887
1887
1,000
1.000
1,000
1,000
100
Fargo d Company Express-Stock
Western Union Telegraph—Stock
Real estate bds.,g.,(lienonW.U.Bldg.,N.Y.C.)s.f.(not dr.)
c &r
o
ot., drawn at 100
O llaterul Trust !> n
o*
Debentures
Debentures, sinking fund lp.
1 -a
1872
1875
1875
1888
T
l«s
£100&o
t>7
Southet n A Atlantic— Lines leased to Western Union and stock
guaranteed by the rental, 5 per cent per annum.
J.
A.
L.
Dividend.
A T.
Co.
& J N. Y., Drexel, M. A Co,
& J
do
do
A O New York and London
& J. N. Y., Drexel. M. A Co,
A O N.Y., West. Union Tel.
Fob. 1
6
7
Y.,
N.Y.Offloe 45
WUliam
July, 1888
July, 1888
April 1, 1928
July
April
st
Oct
Feb'l N.Y.Offloe'ii'Wullamst July
on com
M.
7
A.
7
g.
J.
6g. A.
London.
Y. Fouitb Nat. Bank
A
A
A
&
do
do
do
do
N.
O.
J.
O.
1888
18S8
l,
Oct.,
1, 1894
1. 1896
7,
1895
May 14, 1887
Nov. 1, 1903
1892 to 1902
Jan. 1, 1917
Jan. 1, 1917
do
do
do
do
6
1>4
4
1st coup, due July 1.'87
1915
Y., Office, 82 B'way. Nov 15. 1888
N. \\, Office. 63 B'way, July 16, 1888
NT. Y., Oftice,195 B'way.
Oct. 15, 1888
N. Y., Union Trust Co.
May 1, 1902
N. Y., Treasurer's Office
May 1, 1900
London. Morton, R.ACo March 1, 1900
N. Y., Office, 193 B'way Jan. 1, 1938
Q.-F. N.
A J.
Q.-J.
M. A N
M. & N,
M. A 8
J. A J,
J.
l>4
1.398
Tho collateral trust bonds of
Co.) arc issued to retire an equal
A
Sterling Iron
Hallway.-The property of this company, In
Orange County N. Y., (and a few acres in Rockland) consists of 25,000
•ores of land, with furnaces, Ac., having a capacity of 15,000 tons of
pig Iron per year, and 7*9 miles of railroad, nouses, Ac. The company
endorses the $-171,674 bonds of the Sterling Mountain Railway. Interest of 3 per oent was paid on the income bonds ot the Sterling Mo.
Railway and the Sterling Iron A Railway Cos. Feb. 1, 1883. A. W.
Humphreys, President, 45 William Street, N. Y.
A.
2»s
5,000.000
1,000
J.
J.
5*
-f
10,000,000
6.250,000
86,200,000
1,325,000
4,920,000
1,000
1,000
&
Farm
Nov. 15 1888
0.
do
do
Aug. 15, 1893
May, 1882
N.Y.,Offioe,20N assault. Oct. 1, 1888
3,4,5
<»>
100
100
100
A.
40o.
1>«
6
Whoin.
Q.-F. S.
2
8
1,200,000
lb85
Welle,
<
of"
$100 $19,872,900
Quicksilver Mining— Common stock
Preferred 7 percent stock, not cumulative
tt. Louie Bridge <* Tunnel RR.— Bridge stock, common.
1st preferred stock, guar, by Mo. Pae. and Wab
3d preferred stock, guar
[Vol. XLVII.
any error discovered In these Tablea.
Bunds- PrinciINTEREST OR DIVIDENDS.
When Due.
Amount „.*- _-_ When Where Payable and by pal,
Slocks— Last
Outstanding "•}*£»
will confer a great lavor by giving Immediate notice
mii... riiifM
Southern
,
i
I
1888 (trustee of deed, Mercantile Tr.
amount of stock and bonds of various
telegraph aud cable companies for the interest or dividends on which
the Western Union Co. is liable, these whoi so retired to be held as security for the new bonds. The issue in 1888 was made to retire the
-to -k ami bouds of the New York .Mutual Teiegraph Co.
In October, 1887. the Baltimore & Ohio Telegraph Co. was purchased
by the W. U. ($3,875,000 of its stoek) for 50,000 shards of W. U. stook
and $80,000 per annum as rental for 50 years. The mileage of wire
transferred by B. & O. to W. U. Tel. Co. was as follows: Owned, 52,603
miles; leased. 1,504, controlled, 4,480. Number of offices
about 1,000, of whioh 259 were not duplicated by the W. U.
taken over
Sotro Tunnel.—Tunnel on Comstoek Lode for facilitating mining
The statement for the quarter ending Sept. 30, 1888 (partly estimated
operations. Receipts year euding March 1, 1888, $263,147; net $179,- was as follows, compared with the actual ilgures for same quar. iu 1887
575. Receipts in 1886-7 $266,553; net $189,838. The property was
Quarter ending Sept. 30.
I
12, 1888, the olaim beiug held by the
reorganization committee, and unassenting stockholders were offered
the privilege till Jan. 2, 1889, of taking part in the reorganization on
subscribing for mortgage income bonds at 55c till Nov. 3 and thereafter at 60c. In order to pay the debt; eld stock thus subscribing
will be exchanged share for share for new stock. See Chronicle for
Oct. 6. 1688. p. v. of adv. and V. 46, p. 819. (V. 45, p. 84, 509, 696,
847; V. 46, p. 125, 803, 819: V. 47, p. 50, 327, 382, 402.)
Tenn. Coal Iron A It It. Co.— This oompany, organizedin 1881,
acquired the properties of the Sewanee Mining Co., the Southern
States Coal Iron A Laud Co.,
Tenn., the Pratt Coal A Iron Co. in Alabama, and other valuable properties consisting of blast furnaces, coal
mines, iron mines, foundries, Ac, and large traetsof coal and iron lauds
In Tenn. and Alabama. See a full statement ot the property In V. 44, p.
245. Of the Birmingham Division bonds $1,000,000 are reserved to
retire prior issues at maturity.
The prior bonds on the Tenn. portion
of the property are about all ref un led into the above new issue of Tenn.
Div. bonds, due 1917. The total fumled debt was $5,495,100, and sinking lunds tl.en held aim unted to $929,300, leaving net debt $5 065.800.
To stockholders of June 27, 18*8, the company sold lO'io of lheir holdings In new 8 per ct. pref. stock at 90, and took back 8*
of their hold
Ings at 30, this being equivalent to a contribution of $6 l0
57 per share.
From Feb. 1 to July 31. 1888 (6 nios.), net earnings were $332,700,
against #294.900 in 1887; surplus over interest and blnk. fund charges
In 1888, $110,700.
» n <»"g January 31, 1888, net profits were $626,9:6, viz:
trfr^&S?
240,262 in Tenuessee and $386,652 in Alabama. (V. 45, p. lO.i, 273,
43 ; V. 46, p. 134, 245, 510, 539, 574, 739, 819; V. 47, p. 218, 442.)
m
-
Texas Pacific
Trust.— The certificates of this Trust represent the ownership of the lands of the Texas A Pacific Railway, and
they were issued in 1888 in exchange for the Texas A Pacii.o land income bonds and Interest scrip. The trusties of the land trust are
Messrs. Charles J. Cauda, Simeon J. Drake and William Strauss, of
new lott, and the lauds received consisied
of 3,450,642 acies, and
also the company's interest in 381,234 acres alreadv sold, on
whioh
uiere was yet to be paid $899,73 1 secured by the purchasers' contracts.
Bee description of lands in V. 47, p. 344.
Land
.
w
I
Actual. 1887.
$1,306,911
Net revenue
Deduct
Interest on bouds
Sinking fund
—
$122,652
20,000
Net income
Less dividend
Surplus for quarter
Add surplus June 30
Estimated. 1888.
$1,550,000
$184,802
20,000
142,652
204,802
$l,lfi4,259
$'.,345,198
811,875
1,077,366
$3n2,394
$267,832
7,002,185
7,498,549
Surplus September 30 (nominal)
$7,354, )69
$7,766,381
President Green in his annual report makes explanations as to the
nominal surplus of the co upany. (See Chronicle, V. 47, p. 440.)
Fiscal year euds June 30; report for 1887-88 was in V. 47, p. 439.
1885-86.
1886-87.
1887-88.
Revenues for the year
$16,298,639 $17,191,910 $19,71i,164
Expenses
Operating and gen. expenses .. $3, 510.658
$9,077,415 $10,065,843
Rentals of leased lines
1,892,347
1,899,954
1,942,486
Maintenance & reconstruction.
1,273,125
1,673.670
2,0J5,126
Taxes
499,592
278,594
355,878
Equipment of offices and wires.
203,061
224,965
241,259
i
—
Total expenses
Profits
$12,378,783 $13,154,628
#3,919,856 $4,037,282
—
Dish urseynenls
For dividends
For interest on bonds
For sinking funds
Total disbursements
Balance of
Surplus J uly
1
.
.
Total nominal surplus June
30 (end of year)
,
.
SF
o^KSV.?
,
8
t
*•? |?io
?.f!.i
t
i",
f"
ott/^eT
v£$ TlJ£ aX!f?
45*.
l
" wa3
WS^iS© *** ^ * * ^'^ ™ PUr
1
nion;
0CK
'
inoreased
°'
Ex P ro»«".-No
annual reports or information.
t2&2Rw*ito?So? cHMtfS'
Western
'
-
»^ p Se ""T In Sept - 18 * 7 the
-
and a stock distribution of 48% per
.^™i,eeut';:n:^
^nAuXi-^' ^A,mZrTy r
,
dlv°d>nil. w, -t, I'.ahl
at 1 per ce.a qu'nelly
I
n
•
>'
r
,
'
"Vt
r" mrwao"» Un •*!?*
»°
,,
i2'° 7,
7
18
I
>' 1
Vhea
1
P"!'
cas£
Ai
In
ExpreMof tUeN Y
Erle
ln
rl
>>-
"
-
Western
to
a
*&obo Joa
™<
l
"" "ore
™™*» were resumed
$4,043,9'
$811,364
493,074
39,991
490,258
40,090
$3,934,025
$4,324,004
def. 14,169
$1,344,929
$2,692,353
$4,309,835
2,692,353
$4,574,208
$496,364
$7,002,185
496,364
$1,309,835
$7,002,188
$7,4S8,549
The range
in prices of stocks for a series of years has been
In 1881
77 (ex. certif.)
137%; in 1882, 76i«*933B; in 1883, 71 H»88>4; in
49878i«;
in
in
1886,
1885,
53>«a8138;
iu
1884,
60'aa80'fl;
1887, 67 1*
381 7e: In 1888, to Nov. 16. inol.,7038<t86%.
The following statement shows the miloage of lines and wires, number
of offices, and traffic of the oompany, for eaoh year from June 30, 186 6,
:
a
.*7,n, ' e '* Q _I' , ne« Telegraph.—This company was formed In
August.
1885. as successor to the Bankers' A Merchants' Tel., sold In
foreclosure July 3 1 1885, subject to prior mort, of about
account of sale and list of property sold In Chronicle, V. $300,000. See
41. p. 122. In
jnov., i88t, <
P. Farrcll of N. Y. was appointed receiver of the B. A M.
p,
r 'y ",' Penn., and afterward appointed for N.
J. and Conu.
-.*'"". ? Merchants' plan of reorganization was uublished in
l.
i
thejM
BST< .us' BOTPUtMBKT of Dec, 1886, and prior Issues.)
*••!•} thing has been held in check
by litigation, and the lines have
6 P ° 8tal TetegraPh °°- ' V
** P - 0<3
16? SSSiVS?, 488?
$14,640,592
$5,070,572
$3,399,573
494.46
39,991
def $14,169
prottts
(begiu'g of yr.)
Balance of profits for year
nIon Pa,ac «
©"•« Co.—This company, formed in 1888, purchased
the property, patents, Ac, of the Mann Boudoir and the Woodruff
-uraw ng Kuoin cur companies. Thomas G. Purdy,
President.—See V.
>
i
to be sold in foreclosure Nov.
to
June
:
30, 1888:
Miles of Miles of !fo. of
Year. Poles <C (fto' s. Wire. Offices.
1865-66
.
37,380
1866-67.. 46,270
1867-68.. 50,183
1868-69.. 52,099
1869-70.. 54,109
1870-71.. 56,032
1871-72.. 62.033
1872-73.. 65,757
1873-74.. 71.585
1874-75.. 72,833
1875-76.. 73,532
1876-77.. 76,953
1877-78.. 81,002
1878-79.. 82.987
1879-80.. 85,645
1880-81. .110,340
1881-82. .131.060
1882-83.. 144.294
1883-84.. 145,037
1884-85. .147,500
1885-86. .lil,832
l>J8«-87.. 156.814
75,686 2,250
85,291 2,565
97,594 3,219
104,584 3,607
112,191 3,972
121,151 4,606
137,190 5,237
154,472 5,740
175,735 6,188
179,496 6,565
183,832 7,072
194,323 7,500
206,202 8,014
211.566 8,534
9,077
8S7.171 0,737
374,368 12,068
432,726 12,917
450,571 13,761
162, 283 14,184
439,607 15,142
524.641 15,658
616,248 17,211
1887-88.. 171.875
-(V. 43. p. 69, 473,
278,327,439.)
508 509
Metsages.
Receipts.
Profllt-
$
5,879,282
6,404,595
7,934,933
9,157,646
10,646,077
12,444,499
14,456,832
16,329,256
17,153,710
18,729.567
21,158,941
23.913,891
25.1170,106
29.215,509
32,30(1,000
3 J 342,247
,
6,568,925
7,004,560
7,316,918
7,138,737
7,637,448
8,457,095
9,333,018
9,262,653
9,564.574
10.031,983
9,812,352
9,861,355
10,960.640
12,782,894
14.393,543
17,111,165
2,624,919
2,641,710
2,748,801
2,227,965
2,532,661
2,790,238
2,757,963
2,506,920
3,229,157
3,399,509
3,140,127
3,551,543
4,800,440
5,833.937
5,908,279
7.118,070
7,660,350
6,010,435
5,700,924
3,919,855
41.181,177 19,4o*,9J'Z
42.076.226 19,632,939
42,096,583 17,706,833
43,289,807 16.398,633
47,394,530 17,191,910 4.03 7,2
51,468.933 19.711,164 5,o70,572
643, 811; V. 46, p. 352, 771 V. 47, p.
m
.
.
.
Novehbsh.
1888.]
Cafitai-
.it
Pmr Amount.
Dividends.
ItM
dates.!
Period. 1886. 1887.
100 3,000.000 t.8 c o,400 J. A J.
100 5,000.000 l,55«.3i>0 M. A N
24.800
300.000
12
Bowery .. .. 100 250.000 362.400 J A J 10
16
Broadway.. 25 1.000,000 1.5<0.900'J. A J. 20
A J. 8
8
Bntch's'ADr 96 300.000
7
8
100 2,000.000 5S 1.300 J. A J.
Oeatrml
6
6
Chase..
100 500,000 565,700 J. A J
14
12
450,000 517.100 (J -J.
100 300,000 5.636.800 Bl-m'ly. 100 100
GBaaaaMl
7
7
25 600,000 363.600 J. A J.
15
15
100 1.000,000 9353300 M. A N
at/.
50.500
200.000
Column!**
8
10O 3.000.000 3.1 3 -.500 I. A J.
I
3O0.U0O
50400 J. A J.
6><
Continent*!. 100 1.000.000 254.100 J. A J.
10
OornExrb 100 1.000,000 1.061.900 F. A A. 10
I
Eut River 98 960300 124.000 J. A J. I
25.000
loo.ooo
East Bide*
Ulh Ward' 2.*. 100.000 127.500 J A J.
Bk.ofDep'sltllOO
Latest.
Par.
July. '88. 4
Nov. 88. 3*»
Bowery
Broadway...
Brooklyn (J).
July. '88. 6
July, '88. 8
July, '88. 4
July, 'f-8. 4
July. '88. 3
Oct. '88. 3
Not.. '88.15
July. '88 3 1*
Nov.,'88. 5
M
.
T
'
A
2l3.o;M) J
150,0001
1.&00.0O"
A
A
«
2 '<>. '-'
5oO.<*K>
6O0.INMI
A
504,-00
J.
Conim'nw'th 100
Continental t 100
40
Empire City. 100
30
50
Farragut.
Fire Ass'n.. 100
17
Firemen's ..
German Am 100
50
Germania..
50
Globe
25
Greenwich
Guardian... IOO
Hamilton
15
Hanover ... 50
100
Home
40
Howard
Jefferson. .t 30
Kings Co.m
90
Kulck'bock'r 90
Lafayette <:)
BO
Longlsl.Q .1 50
12
B
o
St
Oct., '88. 5
Auk., '88 8
May, '88.10
Nov .'—
I
.
S
Not.,'88.
July. '88. 3*«
NY
11
14
J.
-
-
J.
lo
10
J.
i
7
Jnly,*88. 7
July. '-8. 4
July. '88. S
Park
2.050.000
1.1
.
750.000
1300300
SO 2.000.000
so aoo.ooo
100 800.000
March. Ki
Metropolu •
Ml. Morris- loo
Murr'y Hill
50
100
ITssssn-
ioo.ouo
100.000
500.000
900.000
—
K Amst'niMew \ or«
.
.
M
math
8O0.000
750.000
100,000
100,000
700.000
940,000
loo
Hlnth ats
•
a-u-.etb.w-d
70
90
35
a.
Oriental*
FaclBc-
...
Park
People's*
.
Phenlx
Prod. Exch.
tHiWli
300.000!
50 422,700
IOO 2.000.000
25 fXKMMM
20 1.00C
loo 1,000.000
IOO 1.500.IHHI
0,000
300.000
500.000
800.000
300.000
500.000
900.000
Elver Bide*
St. Nicholas'
Beventh.
100
100
100
100
BAoeAL'thr 100
v
>'.n
100
100 1.900.000
100 1.000,000
40 1.000,000
Twelf.Werd
SSd Ward'
Union'
D.
....
200.000
...
250,000
J.
192.900 J
258.400
rc
A.
J.
J.
J.
J.
J.
J.
J.
J.
5b
Jau..'x7.
Aug.,'88.
x
July. '88.
8 July. '88.
9-1 July. '88.
s J11H. —..
Julv.'-x
7
6
ruly.'88.
July,'«8.
j
6
.iu r.w.
Ml
S
3
7
I
6
7
«
7*»
6
3*4
Rutgers'...
4
Btandard ..
Stuyveeant
3
Unlt'd States
M
90
Westchester
10
3*i
WmsbgO(t) 30
4
3
3
4
3
Mx
If.
4
x
4
10
10
x
x
j
7
July. '88. 3
Jan., '88. 4
Aug..'- July, '88. 3*«
A J
A J
3».-..tOO J. A J.
:il 1,900
Q.-F
J. A J
A J.
A J.
A O.
ntMooj. A J.
6
6
Jiliv. -xx.
7.2.x
F.
>
J.
L400
457.30O
J,
X
x
10
10
75. Too
212.800
2 < 1.50"
62.00O J.
487.300 M.
J.
J.
998 900
37.100
J.
>'•
I
I
J.
J
lo
J
I
x
X
x
J.
j
J.
.V
A
A
J.
July. '88. I
July. '88. 3
.luiv.'x-. 3
5
July. '88. j
July. '88. 4
I
July. '88. 2Vj
July, '88. 3
5.0-
301.100
9,-J.
87,
Oot,
'88.
2
.v
.1
10
l.i
July. '88. 5
are not National hank*,
October 4. 1888, (or National banks and September 22. 1888, for
>
t
LOCAL OAS COMPANIES' STOCKS AND BONDS.
OlTldends and interest.
Gas
OisrwiM
A mount.
Brooklyn Oas-Ucht
'Gas-Light (Brooklyn)
1.000
I'M)
1
F.
J.
Scrip
People's Brooklyn)
Bonds, 7 per or
i
1/
Bond*. «i»r(»ui
A
J.I
A.
J.
\
M.
io-
1
Kn.,|T„N.„
1
.000
3,000,000
30o. OOO
..'OO.OOO
1 .'
J.
A
A
A
A
1st
A
(Brooklyn)..
10
10
i"
8
15
10
10
10
6
10
10
10
20
10
10
6
10
3
10
10
10
3
10
20
6
8
8
3
10
20
7
3
6
10
8
3
7
10
8
12
8
11
8
10
10
8
8
12
12
10
10
12
10
10
6
July,
July,
July,
Jan.,
'88.
'87.
'88.
'88.
6
July,*88.
Jan., '88.
July, '88.
July, '88.
July. '88.
3
Aug.
July,
Oct.,
8*»
10
12
10
10
7
7
8rpt.,'88.
3
3
3
OoU,'88. II*
8
8
8
5
July, '88. 3
Aug.,'88. 3*1
July, '88. 5
Jan., '88. 8
July, '88. 3
July, '88.10
July, '88. 5
July, '88. 5
July, '88. 5
Jan., '87. 3
July, '88. 3
July, '88. 5
July, '88. 5
Jan., '87. 3
10
950,207 10
989,705 10
681.270 20
10
10
8
11
10
90
20
July,
July,
July,
July,
July,
J uly,
3
5
4
5
'87. 4
'88. 5
'88. 4
'88. 6
'87. 8><
'88. 3
'88. 6
'87. 5
'88. 5
July,'88. 34
July, '38. 3
July, '88. 6
Aug.,'88. 5
J uly, '88.10
AND BONDS
F.—Stock
mortgage
mortgage
2d mortgage
1st
Bonds
Broadway (Brooklyn)
1st mortgage
2d mortgage
Brooklyn City—Stock
1st mortgage
Brooklyn City A Newtown ..
st mortgage
Brooklyn Crosstown—Stock.
1st mortgage bonds
Bush wick Av. (Brooklyn)—Stk
1st mortgage
Central Crosstown—Stock.
mortgage
Cent. Park N. A E. Rlv.-8tock
Consol. mortgage bonds
Christopher A .Oth Bt.-«tock.
Bonds
Coney Island A Brooklyn
3d mortgage
ConsoliiUted
D. D. E. B. A Battery-Stock
1st mortgage, oonsol
Scrip
Eighth A venue—Stock
8crip
I
Bt.
1.
'88
1st
11
mortgage
Ninth Avenue
Second Avenue—Stock
:
Ttgage
Sixth
20. 'xX
O.
I-
J.|
1899
10,'88
50 $700,000
Q'rt'rly. 2
Sept., 1888
5-7 1885 A '94
500.000
900,000
A J.
July, 1888
1,000 700.000
A J. 7 July, 1900
100 2,100.000 Q.-J. a Jan., 1886
1.000 1,500,000 J. A D. B June, 1904
1,000
500,000 J. A J. 5
1914
l.OOO 000.000
1900
B
1,000 l.Oi 10,10
1924
100 390.000 Q.-J. I
lu*., 1888
l.OOO 95O3OO J. A J. 7
1889
l.ooo
100.000
li
1889
10 3. 20. 1.1 MX) q.'-'fV I
Aug., 1888
1,000
800,000 J. A J. 5 Jan., 1902
100 1,000,000
l *
1x00
1,000 400.000
7
100 590,000 1. A O. 4 Oct., 1888
l.ooo 200.000 I. A J. .1
1008
loo 500.000 Q.-F. 2 Aug., 1888
l.ooo
400,000 J/A J. 8
11)02
<; 00.000
Si-pt.,1888
LOO
Q.-J.
l.OOO 900300 M. A N. (1
Nov., 1922
100 1.800.000 Hr-J.
"a Apr., 1887
1,000 1,200,000 J. A D. 7
Deo. 1902
UK) 650,000 Q.-F. 1*4 Aug., 1888
l.ooo
100,000 A. A O. 7
L898
loo 500,000
a
Aug.. 1884
1,000
1X87
75,000
A T 7
125,000 J. A J. B
loo.l
100 1.
Q.—F. 2 Hay, 1888
500 Ac 900.000 J. A D. 7 Juue.1893
100
.
!
1
1
1. 21X1.000
Avenue—Stock
rtgage
Third Avenue—Stock
Bonds
Twenty-Third Street—Stock.
1st mortgage
A
A
K.
A.
100 1,000.000 14— F.
l(K) l.'.MKj.OOO F.
100
l.OOO
Ave..
A Newtown (Bk'lynl
1st mortuage
Houst. W. St, A Pav. F*y-8tk.
7
N. 3",
.
Ferry—Stock.
Grand 8t
1902
Date.
Period.
'.
Broadway Surface— Bonds...
1st
Amount.
1,000
Fult.
Broadway A 7th Ave.—Stock
2il
l*»Oct.
2"s No'
1914
I!
Feb.,
lh
Aug., 1888
A.
748,000 Q.-F. 9
930,000 A. A O. 7
1914
Aug., 1888
Apr., 1893
100 23OO.OOO
l.ooo 1,200,000 M. A
1,000 L ,600.000 J. A
170.000
100
17.i.ooo F."a
100>
5O0
100
8.
J.
U
A
•-"a
1918
7
2
7
250,000 Q.-F.
500,000 J. A J.
800,000
2
"AX
100.1.862,000 J.
B
1,000 1,000,000 M. A N.
loo 1, 500,000 ti.-F. 2
J. A J. 7
.'.
Q.-F.
J.
UK)
1,000
600.000 F.
250,000 M.
1910
I
Jan.. 1886
MM
1
Feb.,
Inly,
1888
1894
Nov., 1887
Jan., 1887
1908
Nov., 1888
July, 1890
May, 1888
A J. 7 Jan., 1690
A A »H Aug.,1888
A N. 7 Majr, 1.8D3
l,-,.
J.
2
00.000 fV'aa'. 6
8t.
1st mortgage
Jul
1-aM-p
Bonds
Bleecker
42.1 M. Man. a Bt. Nick.
1st mortgage
•
2
Avenue
Atlantic
3, '88
A.
Hii.ir.
Bonds
1
Date.
-
Wllliaiosborith
f etroonlttan Brooklyn)
Municipal Bonds
S
1.0OO ll50<!o00 X. A N.
Varum-.
Vafs.
M. A N.
10 1,000.000 oil.ir.
M. A N.
Fsssa n (Brooklyn)
i''.ni«
it mi
Fartooa 3-» Nov.
Various
250.000
(5430000 J. A L>. f j'i
756.000 Ounr.
2>« Aug
OOO
7
:•
7.1,509
Par.
I
.
201.<K)0'J
7
Oct., '86.
7
Dividends and interest.
2.1im.
5OU.00O;
... 3,500,0001
IOO VOO.IHMI
15
CITY HORSE RAILROAD STOCKS
klll.U.AIX.
4.900
J
900300
200,000
200,000
250.000
300,000
250,000
10
154.434 10
140.196 7
ll.i.tl-7
15
6
4
Julv.'-X. i
3
I
6*s July, '88. :m-
I
1,000,000
84.480
170,346
160,459
19,233
917,238
642.265 15
HO. 107 8
87.015 7
89.498 10
43,423 ......
41.433
.112,137 14
672,142 10
107,385 10
448398 10
(8371 6
!)0.3r.'2 10
498398 10
.375,691 10
1,292 none
54.069 10
173,064 20
70,847 8
40,267 8
32.430 10
167.144 6
6,188 6
52,003 9
168,087 10
(12.055 8
304,039 12
51.004
33>,938 10
59.829 a
838,430 12
10.676 10
51.104 10
20X.710 12
liabilities, Inoludlng re-lnsuranoe, capital and sort p.
Sorplns Includes scrip.
C) Brooklyn.
} Impairment.
I
4
I
10
6
5
7
10
12
12
15
I
x
10
j
12
12
15
I
6
7
1
10
191350 12
898330 13
Over all
*
AA
A J.
1
50
90
50
25
50
r-.Kip.-r
PhenlxM ..
,.7,K>
1
100'
West Side*.
J
'.'i.'-OO
766.900
1:1:1 loo
IOO 2,000.000 1.561,400 J.
"
900.000 loi.lOO j.
County 1(H>
«. Y.H. Kx 100
Y.
*>
.1*)
People's
A
A
A
A
A
A
A
A
A
A
200,000
200.000
200.000
130,000
23
Paciflo
179.800
20O.00O
200,000
200.000
200.000
150,000
1,000,000
3,000.000
400.000
.
900,010
150.000
210,000
150,000
300,000
200.000
Man.A Build. 100
Mercantile900,000
BO
M. ). h.oitx'.. BO
200,000
200.000
Nassau( ;).... 50
National.. .. 37*1 200.000
210.000
N.Y. Eq'uble 35
Fire... 100
900,000
500.IMM)
50
Niagara....
North River 25
800,000
100,000
3<*>.O.KJ
l.OOO.OOo
1.000.000
.
Oct, '88.10
10
300.000
200.000
200,010
200,000
20O.OO0
204.000
.
301,352 10
July, '88. 6
July, '88. 4
Aug.,'88. 6
Jan., '88. 1H
15
6-50 650 6-g July, '88. 3
8
Aug.,'88. 4
9
8
Jan., '87. 2
2
15-40 15-40 15-40 July, '88.6-50
1,000,000
Nsaji
Julv.'xS.
July. '-8.
July, '88.
Aug.,'69.
July. '88.
lo
70
Eagle
joir.-BS.
July, '88.
40
400,000
300.000
200,000
153,000
300.000
210,000
500,000
M
t
City
July, '88.
J.
100\
Citizens' ...
LIST.
Net
Amount.
50
25
25
17
American!...
.
loo.ooo 652. 100
500.000 5.875.800' Q.— J.
Fourth
100 3.200.000 1.304.700 J. A J
51.200
1(0.000
14th Btreet
50 1,000.000 1.251.500 A. A O.
Gallatin ..
Garfield.
50 200,000 932300
75 750.000 211.800 F. A A.
200 .000 366.100 May.
n'n Ex.' 100
100 200,000; 864.800 M. A >".
87.300 M. A N
Sreenwi.-i
900.000
1 -.o.ooo
51.700
Hamilton1.300
100.000
Harlem*...
Banover
100 1.000,000 1.042.900 J. A J
62.300
loO.OOO
200.000 105.400
141
Dividends.
8urplus,
Jan. 1,
1888.*
1885. 1886. 1887. Last Paid
Capital.
CoMPASIl.S.
Am. Exch
100
100
. .
INSURANCE STOCK
LIST.
Burping
OOMFJJflE*.
Tilth Ave*
First
.
BANK, GAS, INSURANCE AND CITY RAILROAD STOCKS.
BANK STOCK
una
.
I
Aug. 1.-88
I
livoo
*
of
This oolmnn ahowa last dividend on ttoekt, and date of maturity
frOtftf.
.
.
..
1
'
1
1
1
:
SUPPLEMENT.
INVESTORS'
149
1
!
[Vol. XLVII.
MONTHLY EARNINGS OF PRINCIPAL RAILROADS.
Jan.
Alabama Great Southern—
1»T!
1MB
<«5n»»
1886
1887
1888
(398 m.)
(296 m.)
(296 m.)
94.153
127.7-.H
130,749
Alrhlsou Topckn A- Snnta Fe—
(2,359 to 3.340 m).
1884
1,178348
1,1
15.096
888,809
1.312,093
1,071,483
Burlington C'ednr Kap. A- No.—
0l|to889m.).
1884
[KN to990m.>.
1885
1888
1897
1888
t'auaili.'in
1884
1885
1888
1887
1888
85.S
5.908
88,831
98,167
97309
98,450:
96,390
134.603
128,707
313.803
223. 7 ill
177.5113
(980 to 1,008 ra.).
(1,089 m.)
(1,048 m.).
220,208
tOBJMfl
3.537 m.h
4.348 m.>.
4.470 m.).
4,060 m.).
(8,794(0
(8.527 to
(4.848 to
(4,47(1 lo
,404,050
,846,135
,808,858
,768.628
1884
(401 to 490m.).
1885
1888
1887
1888
(510 m.i.
(510 m.)
(510m.).
64
i.19.1
801,205
& Ohio—
(502m.).
lit
Hie Sandy—
201,901
203,537
207.548
195,93*
221.014
217.319
878,980
l
I
241.1143
880373
209,59;
117.868
111,845
86.087
85.270
77,851
9 7,750
18 ..617
122.76
104.428
137.803
113.866
100,731
104,273
121,072
153.703
139,207
Dec.
Total.
123.688
118,037
«
149.079
115.700
181.878
105,106
I
1,163,103
1.07 1, 186
1,215,195
138,543
1,57.', 818
221.573
222,118
550,881
734,862
836343
80;,29;l
303.9.':)
913,49:1 1,059.30; 1,057,296 1.055,170 1,06 1,207 1,883,966
839389
308.418
230,451
218,121
195,970'
217.14il
1.481,932
1,603.413
1.718.333
1,857.078
1,383,583 1.876,075
1,486,848 1. 6s,, 3 IS
1,306.361
1,411,3:0
424,537
012,587
400.5771
488,899
485.458
510,818
837,994
6:15.765
719.-255
85o,3«9
868,183
193.849
818,990
225,824
216,435
237,631
215.206
261,16
899,973
297.853
889,088
280,433
349,36
907.638
938,348
505.815
883,187
922.133
639,810 7(5.531
933.48
915,818,
996,983 1,077,630
281,113
349.503
918,204
274.138
313.006
89 1,870
29^,586
319.6-18
1.335.082 16,291,883
1.853,374 13371399
1,581,986 15,9*4.807
1.193,9511 18,401.366
288,415
906,909
318.770
305.375
2.708,459
8.063 5:4
3.003.962
330.850
903,023 1 ,ii:i,o7 1,010,085 1,1.80.933 1,188,333 1,218,737 1,130,917 "1803000
09,154,
86,902
102.337
97,286
107.934
295.51X1
835.496
376,803
45.949
48,682
511.278
63.631
76,851
88,420
74.499
87.800
187,397
111.628
138,346
124,312
313,542
308,775
339.173
122.760
92,158
95,608
98,884
108,19:
11 1.72.1
288,072
218,094
273.241
55,641
(3,407
(3.646
(4,088
(4,BH8
to
to
to
to
338454
;
100.751
181,898
287,497
847,118
307,293
3.19,030
368,87
97,212
85,079
99,956
99.974
104,436
86,739
97,439
108,494
91,019
103,030
306,211
890,008
317,168
344.766
93,01
106,62
>
857,808
58,403
57.646
65,74:;
7:1.0:11
66.83J
63.188
84,701
75,331
411,080
78381
124.831
113,565
117.022
149,930
143,044
112,88.)
13:,:i70
113,344
330,918
280,214
348, Isr
8411,533
822,799
4' .5.5:
410.086
1,1
389,0.81
57.519
53,307
74,284
81.638
3,846 m.).
1.848,820 1.971.013 3,108.028 1,832,451
1.992.484 1.601.915 2.639,110
311,118
385,742
58,056!
52,761
67,411
03,71)
74,856
58,030
95.846
88,980
415.35.1
40.8,890
1,288.2:17
76308
72,519
05, so;
106,70
321.552 5.750.522
730,035 8.367,218
894,100 10.
1,151,741 11,800,413
118,287
127.187
122,196
123.940
123,sl5
1,448,258
1,307.373
1,823,625
134,518, 1,352.533
276,070
128,881 *142,70,s
88,172
91.03101,058
640.373
151,381
147.013
133,38a
138,678
303,103
300,097
388,992
410,828
68338
735,10;, 2.447,495
981.127 8377,188
081, H01 1,993,480 1 812.834 2.284,304
981377 8,148.5823 330,741 2.748.17.-1
158,072 ,140,831 8, 167.801 8,388,103
1,888,519 1,811,188 1,708,84* I, 719,18;
,833,501 2,273,708
4,038m.). 1.380.963 1.830.275 2,229,178 1.952 740
4.693m.).. ,!.--.-, 885 1,847,235 2,958,683 8.197.900
'
12.;.737
270.181
307,136
978,031
2S4.081:
308,912
814.195
.340.181
4.0116,048
413.311)
•396,5 88
403,88!
380,578
4,451.169
71,23
68,284
B9.8S8
110.031
65,584
57,738
80.848
762,837
706.407
937.539
4,115,073
70.1132
90.674
118.0:15
09.321
3,538,605
3,361.335
4.816 m.)..
1,
1
1,
2,
3,707,110 2,688,597
3,640,035 8358,868
3,778,774
*.4 11.924 2,774,928
2.233.891
2,318,05:
2,346,831
3.060,399 35,4>3,613
.56.487
8,368,481 28,728.408
2,163,388 27,576.078
2,475.1 141
Eastern Illinois—
oV
(851 m.)..
::•.•....
i27.a«!
135.8331
155,0681
15r,62«|
(4,982 to 5,298 m.i.
(5.298 to 5,588 m.).
to5,670m.).
A- Noi'tli\v«'*teru—
(5.631
(3,761 to 8.843
(3,843
(3.891 to 4,037
(4,101 to 4,194
(4,208 to 4.216
1884
1886
1888
1887
1888
1884
1886
1886
1887
1888
in.).
171,012:
331,453
463,952
458,824
507,908
404,898
513,340
4':o,514
478 152
470,508
:soo.00o
520.801
479,1.8
498,871
369.033
438.927
679,736
600,341
510,175
496,216
138.925
588,381
473,170
170,318
203,444
196,098
216,108
204,032
122,638
173,544
199,168
196.671
202.374
201,150
221,186
888.200
234,712
197.822
205,195
1H 1,001.
193331
188.175!
808,745
217.7' .7
191.667
217.726
2'.8.08|
206,256
210,713
(336 m.).
(338 m.)
188,236
201,647
164,371
196,079
233,273
(SSOm.)
(380m.)
(336 m.)
11)0.715
808383
263,194
277,827
258,8 is
278,281!
243,870
'73 35
218,820
194.008
201.91
246.323
224,937
187,247
195,684
261,75!
277.759
287.001
2-5.733
311.280
302,995
250,015
293.520
288.415
235,805
294,113
257.2*5
281,388
331,893
301,520
302,200'
350,283
m.).
m.).
331.-158
(843 to 297 m.)
(297 m.)
(297 m.)
in.).
m.).
Texas Pac—
m"!
(391
(891 ,i.)
(381 a. i..
(391 m.)
.
(391m.)
.818,436
(1,317 m.).
430.302
40 ,311
404,903
616,660
317.588
996309
427,747
553,885
514.7U1
586,48'
& Go..—
(1,098 m.)..
(1,098 m.)..
980,398
311,801
317,98s
487,881
321,032
422,48-
341386
996383
(1,098 m.)..
489,444
462,514
(381m.)..
(381m.)..
188,792
189,589
148360
128,5721
(861 m.).
(361 m.)..
(363 m.)..
168.094
172,901
(t.09Sm.)
(1,098 m.)..
.
Flint dk Pere
167,834
.010.31".
I,
!,
IO
132,983'
I8I.01
164,33;
164.085
1.546,115
1.673.943
.7-3,300
184..1H
837I3OS
135.
175,9i!l
178,787
1,883348 8,201,241 2,339,796
346.466
983,009 2,078,0
2,478,000
(0
_"-;3.2 18
8.688,481
2.218,998 23,470,898
8.336396 81.413.378
2,469,81t
2.010,21-
2,517,769 85,366,124
2110,145
100,98(1
343,090
618,411!
500.6.(0
598,3
605,507
703,189
650,802
244,117
206,847
838,482
237,403
241,876
250.08s
8:9,80.
209,515
177,087
213,631
211,381
196,181
212.051
306,880
888,708
238.980
236,451
838,186
850,966
242,797
341.385
3.13,067
231,131
898,670
3 10.91
321,154
388,5)8
.335.741
34.3,131
374,41"
318,191
388,391
344,182
341,161
408,538
437.191
805,752;
.413,840
339,927
360.809
442,956
4?9.139
432.868
191,230 M26.477
133,119
591,663
476,356!
521,657
541,646
570,lr
331,109
321,400
344,088
414.382
414,66'
291,519
295,461
877.376
908,706
410,674
884,198
Ml 3.566
423.898
218,759
158,108
217,060
893398
201,i.i77
303.I6I
288.9:3
•886. 150
307,810
874.176
330,398
878371
415370
438,397
27.8,037
1,951 ,740
1.971.307
2,171,55,
2.191.308
33,1(1
24.301,053
85348.848
37,140,734
444,1:0
465,81
503.10:,
8.153,208
599,410
803,093
809,706
848,677
2.4
8373,407
337,5117
3.001.563
2,692,754
824,118
239,030
281,718
371.105
298,007
3,377.551
372.90-
380.901
889,185
3.811.743
408.883
451,326
374.181
434,187
888.199
416.877
4.164.118
1,618,399
967.339
462.459
421.359
504,179
635,3
714.13!
5,552,104
6,119.054
870,803
408,554
8,903,688
4,180.438
503,3-s
o.n.'sueo
171.814
177,5"!
2.252,988
1.946,790
878384
2 8-1.547
2.882.1711
089.3!)-.
508,731
614,839
731,033
678389
648,90-
730,428
705,700
731.3 78 •721 ,200
312,733
339.349
889311
412.2S9
111.380
458,617
376,431
304.81 li 394,380
141,768 5)4.48 1
470.874 -4 9„s5:l
331.046
424.815
4)6,594
196.31?,
242,381
857,169
889,680
312,80)
673.170
071,977
211.145
856,868
266,116
309,078
887,881
555,386
677,241
678,430
088,128
718,938
7711.070
191.07-
323,407
611.241
057,089:
540,959
699,884
652,630
208,48V
300,819
801,400
510.068
,148.460
i
247.95S
243.173
278.(191
264.033
309.324
330.013
318,891
3.050.19.
880368
i.;o.l53
480,101
449,859
481,654
586,744
41)7.18:.
527.181
600,805
870,458
286,221
(103.370
390,878
491,468
460,180
478,829
~
192,438,
191,698
8,280341 24.-
-
493.0-
493,310
601,488
550,818
501,689
800367
880399
316,147
466,760
,
I
22;,i)iu
18.721 1.971.30.1
1)
1,
133.874
169,714
17l,0;9
183,121
198,493
1,096,901
(1.317 m.).
(1.317m.)..
(l,317to 1.481 m.).
(1,462m.)..
Kast Tcnn. Va.
11(1.818
150.514
146,738
168,196
|&«,980
205,400
8368,601
Chicngo—
1884
1886
1888
1887
1888
128,392
114,034
141.819
170,315
167,805
:•
1,7811.(110
1198.876 1.076.177 8.027,982 2,346,014 2.523,843
1
:,7;o,s;v, 1,033,7:.,; 1,997,6792.030,803 1,928,235; 2,532,824
1,328,107 1,678,500 1,986.086 1,780,617 1,917,902 3.118,448 2,118,493, 2.8i8,47i>'2,74H,150 2,810,98i1,817 ',849,484 2,609,794 3353,648 2,788,816
1,783,173 1,854,180 2334,783
1,571,289 1,876,483 1397,6 8 1,954,885 2,090,253 2,486,973 2,1,0.66,; 8,299.891 2,714,9,11
(342m.)..
cfc
193371
118,309
128,510
115,133
m.).. 1.002,418 1.504.100
m.). l,518.88o 1.479
339.521
371,409
324,88s
1884
1885
1888
1887
1888
t lev. Col. Cln. dt Ind.—
1884
1885
1888
1887
lSSB'
Denver ot Rio Grande—
169,8
108,54
116,066
135.557
154,283
168,459
1.983,76s 1,919,908
1,467,09/1 1,317,08-1 1,788,728
1.987,8(11
1,017.397 1,846,498
1,767,713
1,445.174 1.568, W0ll2.038.8l4
1,490,239 1.521.1.72 3,212,687
1,860,718 8.119.199
1,788,500 2.001,000
1,452,000 1, S77,00v 1,931.000
(342 m.).
Cincinnati X. O.
189,148
141.289
111,048
148,726
148,023
169,842
ni.).
m.).
(1,318 to 1,325
(1,389
(1.865 to 1,398
1 1,899
Cln. Ind. St. Louis *V
107,467
1
& Omnha(1,307 to 1,318m.).
1884
1895
1888
1887
1888
186,4861
(251m.).
(247 m.).
(251 to 256 m.).
(256 m.)
Chic. St. Paul Minn.
380,180
400,781
484,378
.-,55.81
7,983,42
1
•551,48-
Marquette—
1884
1886
1886
1887
1889
& So. Dlv.(1,528 to 1,606 m.)..
173,649;
191,396
886,973
207,558
174,01-
179.343'
161.100
1911,670
169.7.13
228,988 325.331
'216,080 •185,031
172,853
151.708
179,730
333,183
193,859;
174.328
155,69'
188,939
216 471
199,227
172.198
167,704
179.135
iss.oo:
158,315
177,099
188394
177316
219.096
182.473 •203,412
208,087
223,8!S3
8,572.937
Cent.-III. Line
1884
1886
1896
1887
1888
Lines In
(1,666 m.)..
(1,666 to 1,953 m.)..
(1,953 m.)..
(1,953 m.)..
Iowa—
1884
(408
(402
(408
(402
(402
1885
1888
1887
1888
Louisville
Jfc
m.)..
m.).
m.)..
m.).
m.)..
1884
Memphis cV llhnrleston—
(330 m.).
(830ro.).
(830 m.>.
1330 m.).
Htlwauk.ee Lake
(330m.).
S. A-
1884
1897
1888*
Minneapolis
A
West.-
(385 to 480 m.)..
(188 to 561m.)..
(551 to 578 m.)..
(578 m.)..
.(592m.)..
St.
Louis—
1884
1886
1886
(861m.)..
(351 m.)
.
(351m.)..
(351m.)..
HK
1988
844,609
974,800
820.810
782,830
789,786
838308
98039]
703.-61
981,312
915.018
857,75::
131.512
108,603
85,480
118.360
118.571
788,809
828,385
774,140
882,980
988,092
677.015
928.0,0
051 m.i.
trafflo
761.807
793 675
131.618
108,143
112,159
130.703
187.826
134388
130.640,
135,77,8
18...:
107,771
144.197
157,901
183.80,,
134,191
186,786
112,695
120,510
130,689
103,086
117,616
113.553
110,303
837,443 916,063 1,078.544
840.891
948,910
970,102
883,368! 975,099 1,099,78
915,716 •953,545 ;'910.671 •10874111
704.233
1.00.1.071
723.007,
1,089390
137,718!
134,110
123,605'
122,771
129,480
120.319
157,808
168,626
1,038.30a
1,101,228
184.867
178. 76*
153,189
107.2.NS
190.033
3113.89,
199,690
188,096
180.110
185,706
IS
1,150,109 1,032,359 1,060.104
1.158,699 1,101.40:1 1.036.57s 1.057,382
1,131,102 1,857.207
,170.016 1387,519 1,171.743 1,354 Hil2 l.S60.sai 1,326.663
,280,386 1,861,302 1.201,41;. 1,316,3.'4 1,388,790 1,331,432
1,089317
1
,015.4:11. 1,1.87.738 1.135,391
1.170,719
1.060.888
1,287.780
1,306,817
1
,088.175
111,010
141.386
115,167
156,846
157,910
1
1
1
1. 880,523
101.117
108,831
111.925
109,868
115.171
127.816
100.557
98,99
144,618
134,818!
78.388
78,170
117.079
100388
19,088
189,134
107,969
114, 23-.
167,931
183,428
183.568
73.095
117,845
88.80O
98,461
118,183
120.692
103,366
144,018
7.1.311
1
tnfl
234
1C0.357
1011.771
balances.
117,705
105.471
1,117,313
1,078,796
1, 188,881
1.3:9.56
1,313.987
114,663
1,145.:!:.; 1.201.714
1,148.914 1,863,469
1,333.8
1,
1.059.505 10,47*.448
10,918,926
10.7,6.187
1,156,604 11,866,038
1
1,136,461
1,112.721
>
150,511
180,881
149,853
-
1.718,389
1,678.338
1,758.308
1,878.350
1,43:, Oils
110.3S!
-1,721
1
7,893
120,98'
118,417
120.517
97,383
111,670
[00,966
95,084
98,43*
1
:
180.215
133.705
137,897
107.636
115.1
90,563
8
:
*.
i
101.0
11
1
1,109,596
1,189,804
11
06,031
131,381
851,430
848,140
815.830
281,358
112.1-5
174,634
158,983
175,408
191.023
7
1,438.682
1.839,849
1.141,638
190.354
1,7411,550
132,991
I07.2;-
•126.230]
1(17.831
893,810
164,213!
162.071
ion l.u
89.',602
214,038
151,301
151,233
110,319
153,647
151,000
121.3641
118,677
101.601
1110.11-
150,004
.
131.331
118.768
1
w
•><-
11*,:;'.U
128,S82
108,883
11)6 631
!
8. .8,
1,292.127 I 1.662,447
1,164.812 13,872,044
1,278.717 13.978.516
1,119,562 16,014,478
1391334 •1433589
119,375
1
74,309
101,083
Approximate flirure*.
Embracing corrections found neoassary alter monthly totals bad been published.
a Including 1135,000
727.0511
1
I
(2,085 m.)..
(2,065 to 2.0;3m.)..
(2,028 m.)..
(2,023 to 1.973 m.)..
(1,978 to 2,173 m.)..
1884
1886
1898
1887
1868
813.000
889,716
886,678
916.907
782.749
969,948
957.803
Nashville-
1886
1898
1887
1888
•
73,900
70,008
88,684
110,978
120.912
211.355
216.788
194.501
343,987
608,141
47,888
& tjuincy—
(3.322 to8,4«7m.)..
1884
1885
18*8
1887
1888
e
68.011
217,576
245.457
209,100
233.216
193,170
279.575'
(139m.).
(139m.).
•-
III.
79.749
397,823 1.181,080 1,218.772 1,181,784
281.479 1,188.173 J,232,7."il 1,808,110 1,341,861
084.35*|l,553,7to 1,341,876 L634,90i
-'03,320 1393,996 1,386.4119 l,(33,33d|l,31*,741
1
321,019
(139 m.).
(139 m.)..
(139 m.)
Chicago Milwaukee A St. Paul.to 4.804 m.).
1884
a'...(4.700
1885
... (4,804 to 4,932m.).
Chicago
Nov.
liiiilinsloii
1884
1885
1886«
1887
1888'
1888
1887
1888»
280.021
808,910
201,109
310.502
333,242
(508 m.).
(508 m.).
(502m.).
(502 m.).
1884
1885
1888
1887
1888
Chicago
118,708
88,247
82.9J7
109,448
08,272
(490m.).
1884
1885
1888
1887
1888
Chicago
guta
68,224
308,000 1,343.363 1.834,029 1301,039 1.391.319 1,513,046 1.712,0;
1
Central Iowa.—
1884
1885
188B
188!
1868
Oct.
I
874.615
433,784
500.85*
(1,981 to 8,794 m.).
Elizabeth. Lex.
Sept.
t
111,7*9
115,218
116.087
Aug.
July.
89378
93,8 19
119,813
127.662
,107,020 1
1,064.748 1
1.067,407 1
1,238,163 1
1,069.123 1
Faciflc—
Chesapeake
Jane.
i
8.898 m.)
8.487 m.i.
3.093 ra.).
8.045 m.).
(8,373 to
(8.404 to
(8.445 to
(2.99S to
1885
1889
18M7
1888
*
89.376
68,313
104,791
(898 m.)
Mar.
March. April
Feb.
t
150,911
140.017
!'*
,15-
181,383
149,527
146381
171,5--,.-,
130,489
119.184
181. .851
17.084
1
136,41
1
4.318
1.305,377
2.317.808
3,160,681
1.731,027
1,714.752
1349,080
1
.
November,
RAILROAD EARNINGS.
1888.]
MONTHLY EARNINGS OF PRINCIPAL
Jan.
Habile
UM
MM
UMl
,V
Ohio-
1887a*
188Na
MUM
(598 mj.
(5*8 a.).
(887 a.).
(687 m.>.
(687 m.).
A
H»-h,lllr (kail.
18M
-I.
I
Fr-h.
901.881
1(44.263
'
Jane.
.
An,
JbIt.
I.
MU81
IflMN
187,790
1403*9
laMH
100.966
188,15*
189,466
1*0.4*8
140.772
154.407
174,1**
108.706
1*3.338
155.585
201.871
M03M
I :.-i
215.WW.1
wBjm
MM MH
1-6.W-2
184.888
(580 m.).
u|
>l
RAILROADS-(Conclnded).
184.4*4
187.13*
238.013
oule-
(SHOm.).
MM
(58010 600
MM
vmn
(Motoaa7
.627 to«so
VUM
(rnlral & Had. Hi*.
(0*8 m.>.
MMo.
March. April.
143
17431*
IM3B8
187350
18S381
17*319
840.481
845,738
257.133
1*9,790
NBJH
178,011
IM3M
mum
1(45.51*
S4S3W4
870308
188,787
144305
Sept
Oct.
t
180,88*
158,045
1743D8
(4(348
Not.
Dec.
_
UMN
18398
78339
.'i4,ll"
(873(4
2-1..137
174,157
981,481
•253.170
(59,877
183.774
(18,100
189.118
aaaaa
•.1H.737
197.512
193,3*7
229,946
(75.483
-'-.'4.
192.S.15
is;
*S33l
270.14N
271.17*
272,481
79489
Tolal.
»
101.K46
213.200
886.094
MUHi
9,134,597
(,400,771
3.000.917
\
1888
13U388
(1.441m.'
(1.441 lu 1.417 ni. I.
(1.447 m.).
_MM
ear
(387389 *,75*3*>
•454331 (.01*310
*34*3*<
(380.488 (.840.60*
23*4344
Yerfc I-ake Brie St Weet...(l,6*Sm).
..(13((a.).
..;138»m.).
1.587,111
1.315.443
1 .581.804
1.705.070
1.718.428
..il.622m.i
(l.e*Sa.).
>•» Vark
ilfw Eaalaad-
dV
.
Maw Vark Mae*. *
..
..884
(447
(447
1884
_
(144 m.).
(144 a.).
(157 a.).
(137 m.).
1887
84.055
1.451. !«< 1.581. 722
1
U»7305
S
1,781, 1H* 1348,408 I36-.19*
1.--J.177
1.0.-.27-
l.aooi
9.081.053 a.l6U.W44i
950,471
19,701
SB
903314
171.057
314.318
978,857
4003*8
84.140
71,704
01.008V.17B
853*4
bCsm
1U.
107.77"
WJ.471
.-
(9*366
9*0,418
*!»*')
977307
Ml
l«.^7
9*5.701
3*1.-14
3*1.470
880301
Banhrrn (rnlral
41834*
454.749
450,010
404318
408.1**
614.047
M43M
45*. 441
4.T.
.-I
(8.44a to 1.458 m.).
«UJ—
5183W.
4131*
Itol^WmJ.
S77.885
0(0*377 a.).
(818 m.).
•jgaaKallw.,*
MM.
210,478
S67374
958380
MrHI
310.2*5
404,7*4
430.210
334.71*
(70.63B
337.708
947,103
«4*.4*8
267.337
433361
41 •.211
t.»i.ii-
Bmni
37U
:rtl
^H.
"M
lela-
334.7*4
4.i:.;->-
510,497
451370
53*388
Warn
BaVMB
504,754
472.044
4SS.63*
satViee
1.143.12! 1.0*9.488 1.089,809
labia* Kradln,
35.3.7.^.
2.152.1W
Cal. Ac
Vat aw.
A aaxa
(M7tat7*aw).
aahla
(.reea-llle^
J,
H
25S;
X&
Wa.).
"
53-^
408.ail
3TW ia*
4> 41.054
3i»i.«V'.-
•i-/.l-
.»-7,7M
577.580
668,053
968318
487348
•u,
RJR
111374
4.-.'.
l.--.'4.7:c
:;-
J.
—
6.V. 100
>**
(,7893*9 48,686.911
4346380 45.815.037
4.4*8,216 50370,068
4,802,054 063713M
4.150.035
J48J34B
(,706,160 3389.(88 8342,168,898.791 3,315,475 2.804.085 34,786387
a.4H2,*M S.8963S8 (3(1348 9,010337 35,808307
4.408.096
4,8(0,891
MM
4*9,170
371378
495316
988397
490388
495.7(1
504,084
885,808
121.074
446,837
9*5.451
.VI-.
77-
•;.n.:t.,(.
H
06.758
08.477
01.079
100.998
MJM
H0..«..
88.931
02.133
1
1
88,098
78,849
7763*7
~-.:oo
67304
85,836
783,444
870,410
88,397
75.734
888,3*1
6*6.560
543*8
0137a
610394
115.814
123.276
113.075
1,500.008
1,558.508
1.558.80*
1.063,138
•U0.7--..
88.16*
79,140
88300
I7...»i-
II
1
17*.7;rt
73.35«
171.268
78.0111
7*7740
I073*
16*38
122.715
184,61
161.506
137,087
144,(66
180301
5(8.984
141346
i
175.883 •|(K).0i»l
4*37*
.:
(,1M«
II.
1403*7
a. (.
.v
41318
38.88*
46.771
44J00
Braar br."
IVI4.I
j;..>.i;
tmmt
1*43*.
1*5.473
154.18*
IJ7.KV
I443H
U038*
141.704
1M.T.JT
Oi.TX.'.
aS.ni
14B.780I
147 -,^i
7AM
436.796
477.990
586,066
888.781
1-.277
41.166
6*386
0-'.31l
no. t.',.-
1783(8
169381
941,942
90*308
21.1.033
80364
81.468
80,736
7*384
706310
1.3.13-
-1..3X
062,480
4,848306
«.'.:rvv
>M3M
i«M
'
(188 S3.
(808 a.).
853B
883W
&5i
oil*;
44301
47384
H
71.7:*.
Maa Kraanara—
69.191
88,778
SSJfTO
83.808
04.075
45*370
482.123
407.448
3*0.217
43».260
489.4*1
484J
555.015
4W342
7:»l.;rtl
741,160
(-.3.1(91
K
V5.-H-
6U.758
808,967
869.617
18*305
47*386
87*34* 4388,408
450.74I-
479,779
477.864
519.4*4
61U.IH1
4663*4
693.1011
604.041
540.747
48837*
Mtjai
novsn
879,440
850.807
Hio.r.n
1,109341
819,489
888,860
700,101
fUttSI
906304
H,7.17.2:H
-i.l.
621.187
80340
46*,043
89,798
950.11
4k >lnalteba.
(13*7 to 1.471 a.i
i78a.i.
(1.475 to 13»0a.l.
..(l3Miol.«61 a.).
(1307 m.).
718.166
511,613
78B3V"' 1.01438*
806,168
660j-"^
•
as -3 hj
1.004.789
060.067
1.061,988
4374.8*7
638*346
7.497339
l.7i.1"i
>
1388 a.).
(438010 4308 a.). *34\4«
(43*010 4340
8.008.490
a
»-'«'.
SfJaaMa
(4368 to 4,478m.)
m.
(431* to 43*4 a.
.(4.478 to 4.011.
I
,V4
MM389
(,973.249 8.087,710
4
8.O45.0M.'
1.7I6.57X 3,411,829 8.012.714
T14 K79938* 4.151 .623
I
3346.765 S.48*.1
-M :.u.
2.717.10:
I.9JJ3II I38637S *383^05 3.on.l.K
3.456.1
rt(k4
IJMM
1
I
38S3M
2.000.641
3.735,221
(.808381
(.785371 80.678378
(,004346 32.1 10,158
:u),77.:.14d
I
Cal.;
399398
» 1 78*46.1 2375.H** 2.417.710 2.4«rt.n27 2.619.214
.067 39X1 1.B50388 1304.900 2.331, I8« 1318.1(1 (.788,6(7
*,41438r
(319388 (6,667390
2,420.271
2.351.431
8348.487 25.025,171
.188^7
(397381
34*371
'.586,r,
1.727,889 l.*17.*88.'i31».10y9jaB a40.
Loala.
378,7*4
8,971.0*9
4,060.296
4,375,548
uj..i;.-,
98,i)lB
8H,7.r7
111308
197388
18'. 07*
/iitoi,"
at.
386.710
848.139
840,148
800,9*3
74,0*0
86.161
41346
ivSSS
(*Wto»7ta)
...
A
8,289.078 41.558.777
84368
61.180
Moo
*
(776 to 816 a.).
ra P«
0370331
4.7.15.1M
48388
47377
10*390
.l*8a.).
88
3,108.788,
5.344.069
4347318
(H..7V.)
"-'-.||!,:
Mlaa.
4.808341
402.450
403,15*
530.840
ar..
.987
at
-
i
8,071330
J.74V.
dV
Mr
4,1*
5.00O38- 4.0803*1
6385,418
981.17*
4*371
Allaa at T\
3I3.1I1U
'
(*74ai.)
•*|fc*
418,080
620,67*
519,182
816,057
3,702.860
312304 8,878.615
198318
8,950.807
iniloWai.
t
MTJM
883,078
i 108371 4.447.647
4378.8*8 435V.174
4-.au
144.1»t»
I
4-.M
(71.033
801 ,981
326.864
32..M:
>•
Nertb
!.«10.1l..
4.874.U5* 4.787351
*7*377
— •>•
>Hdlaa4-
773.:171 11.340.600
8*0.686 123**.66(
1,1-1.773 13354.3*0
43BB390
a.).
elala
7583*0 12.618,905
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