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Inkstars’
OP THE
C ommercial & F inancial ^ hronicle.
[Entered according to act of Congress, in year 1864, by the W illiam B. Da n a Company, In the office of the .Librarian of Congress, Washington, D. CJ
VOL. 59.
NEW
YORK, NOVEMBER 24, 1894
The newly-organized “ traction companies” to some
degree partake of the disinclination o f the old companies to give to the public the information to which
W I L L I A M B . D A N A C O ., P u b lis h e r s ,
it is properly entitled. Eventually most of the com
Pine Street, corner o f Pearl Street, New York.
panies will learn that it is of incalculable value to them
P. O. Box 958.
to possess the full confidence of the investing public,
and that such confidence can never be secured so long
STREET R A IL WA YS.
as full and intelligible reports and frequent statements
Scarcely more than three years ago we laid before of earnings are withheld. At present not a few organ
our subscribers, as the result of a year's labor, the first izations treat requests for data respecting their finances
edition of our State and City S upplement—a peri in a manner that shows a lack of knowledge regarding
odical of 180 pages— treating exhaustively the subject their best interests. Some say they dare not give the
o ! municipal bonds. Though so short a time has facts for fear of hostile legislation and unfair taxation.
elapsed since that large contribution to the wants of But even in such instances we believe the policy adopted
our readers, we find ourselves led into still another is short sighted, resembling somewhat that of a large
field for their benefit— that of street rail way securities. corporation which recently had a loan to float in a State
3?. equently of late we have been urged to g ive more where investors uniformly discriminate against securi
attention to this subject, until at last we have deter ties that by their terms are not tax exempt— that is,
mined to do so, limiting our efforts only by what we may where the company does not promise to pay the tax.
discover to be the requirements of our subscribers. If By neglecting the “ tax exempt'' clause the company no
we meet with sufficient encouragement we shall make doubt avoided the payment of the tax, but at the same
this department as active and comprehensive as are our time its securities went begging in a market that would
departments of municipal securities and securities of otherwise, we are informed, have easily absorbed them.
steam railroads.
Refusing information has much the same effect and
But we shall not wait, as we did with the State a n d savors of the “ penny-wise" policy. Where official
City Supplement, until the whole work is completed returns are thus denied We cannot of course give
before giving any part of it to the public. On the thoroughly satisfactory reports, and the gathering from
contrary, we propose to publish from time to time in the outside sources of trustworthy data is slow and will re
I nvestors' Supplement such statements concerning quire time. Indeed we might be justified, we think,
prominent companies as we are able to obtain, gradu in refusing all mention of companies so conducted.
ally increasing their number and comprehensiveness
But it should not be inferred because certain leading
until, perhaps later, we may be able to publish them companies may not for some time furnish satisfactory
all together in separate form as a Street Ra il w a y information for the S upplement that they necessarily
Supplement.
belong to the class just described. During the process
Additional reasons exist for this mode of proced of reconstructing the old roads, changing their motive
ure. Our American readers will not need to be told of power, and completing their systems generally, some
the sudden growth in importance, as regards the gen organizations decline to give out particulars, stating
eral public, of street railway securities. Foreign read that they have none that would not be misleading;
ers, however, can hardly realize the metamorphosis their funded debt, they say, is changing constantly,
which has taken place, and which is still at work, con their mileage, in length and manner of operation is
solidating and transforming the street railways of each undergoing rapid alteration, and consequently their
city of the Union from companies of local, and gener earnings afford no safe guide with reference to what
ally of insignificant, position into powerful corpora their properties will do when all has been completed.
tions, operating many miles of road and having their We appreciate the strength of these suggestions, and our
securities held by investors in all parts of the country. readers will bear with us if we accept the explanation
The process of consolidation is usually accompanied by and wait until those who have the railways in hand are
a change in motive power from horses to electricity ready to have them brought before the public.
and by the building of numerous extensions. The
For several reasons, then, we purpose to take up the
earnings and capitalization of the old horse roads would matter of street railways somewhat gradually. First,
not infrequently be more misleading than helpful were we are already giving in the Chronicle and its Sup
they obtainable in trustworthy form, which they sel plements over 3,000 pages of reading matter yearly,
dom are. It seems little desirable to publish unofficial and we do not care to add to this unless our readers
statements which may be of doubtful accuracy.
actually need it. Again, statements as to the lit W
d fv 1 tr iY trr i4 i>
2
INVESTORS’
SUPPLEMENT.
{VOL, LIX.
local horse roads are of small interest and moreover roads must encounter, owing to variations in the crops
they, as well as the facts respecting some of the larger and general trade.
companies, are frequently almost unobtainable. We
Just at this point, however, a word of caution should
cannot publish what is not trustworthy in char be given to those engaged, or hereafter to engage, in the
acter nor what is not respectably complete in detail. labor of capitalizing “ traction companies.” They
Finally, many of the companies are, as stated, still in should beware of “ over-capitalization” and the build
a transition state ; they will presently emerge as good ing of roads too extensively in country districts where
information-giving investment properties, but at the traffic is light and must long remain unremunerative.
moment are not ready to furnish the facts desired, and There have been some noteworthy instances already of
we therefore cannot publish them. We shall speedily, mistakes like those mentioned, and unless care i&
however, cover the ground so far as all the leading exercised a serious cloud may be cast on a class^
companies are concerned.
of investments for which the future looks so promising.
For the benefit of our foreign readers we would say As the Massachusetts State Railroad Commissioners
a few words regarding the general subject of American have well said in their report for the year 1893: “ Thestreet railways. It was not until about seven years ago idea, which seems to have obtained some currency, thatthat the bonds of the Market Street Cable Company of the electric railway system is a bonanza of rare and in
San Francisco were listed on the New York Stock Ex exhaustible wealth is clearly a delusion, and has doubt
change«, That was the first appearance of street rail less proved to some a snare.” * * * * * “ Whereway bonds on the Exchange list, and may be said to ever there is reason to belie ve that water has been or i&
have marked the beginning of a new era for American about to be injected into the stock or bonds of an elec
street railways—an era in which outside capital in large tric railway company, the only safe course is to let its*
amounts has been instrumental in furnishing our lead securities severely alone.” It seems that under electric
ing cities with excellent street railway service. Enter ity, while earnings largely increase, the cost of oper
prising capitalists afterward built lines of cable road in ating is not as much reduced as some persons thought
various cities, but it was reserved for the electric sys it would be, both cars and rails wearing out more
tem, operated by what is known as the “ trolley,” or rapidly than under horse power. It will indeed strike
overhead system, to revolutionize the business. Many many as strange to hear that all the well-built lines are
persons still look with disfavor on this method of sup being laid with rails as heavy as those used to-day on
plying power, saying that it disfigures the streets with most of the steam roads, rails weighing sixty to seventy*
poles and wires, that it is dangerous, etc. In New pounds to the yard being common ; while some few
York City, in fact, the trolley has gained a' foot-hold are already laid in part with rails weighing one hundred*
only in the up town districts, the cable roads being pounds to the yard, or as heavy as the heaviest rail
more in use and favor; but elsewhere throughout the used by the New York Central.
country the trolley has made a pretty universal con
The space near the end of this Supplement for
quest, and the marked increase produced by it in the merly devoted to New York and Brooklyn street rail
earnings of street railway lines is one of the features ways we shall hereafter give to the gas companies of
gome leading cities, the list being supplementary to the
of the time.
A.n excellent illustration of the remarkable ability ff: Miscellaneous Companies,” which embrace as a rule
of the trolley in developing business is afforded by the only securities dealt in on the New York Stock Ex
Atlantic Avenue system in Brooklyn. The annual change. We purpose also to divide the electric, horse
report of the Brooklyn Traction Company, owning the and cable roads from the steam railroads, so that here
above, states that the line in the year ending June 30, after, as heretofore, the elevated steam roads will be in
1894, earned $897,536, against $781,337 in the previous cluded with the surface steam railroads which rum
year. The receipts since July 1, 1894, for three months from city to city.
show an increase of 8 per cent over the previous year,
On the pages next following will be found thewhen some of the lines were operated with horses, and reports of the leading street railway companies so fa r
of 14 per cent over two years before, when all lines were as we have compiled them at the date of going pressworked with horses. At the same time the ex In many respects they will be amplified and improved
pense of operating was reduced from 90 per cent in future issues of the Supplement, but we cannot
of the gross earnings for the year ending June 30, refrain now from calling attention to the fresh charac
1892, to 85*49 per cent for the year 1892-93 and to ter of much of the information, the earnings and the
67*36 per cent for the year 1898-94. Two conclu stock and bond issues being in general brought down
sions seem to be certain. The first is that people to within a very short time of the date of publication.
ride more freely on electric cars, both because of ( Vide any of the companies of New York State,
the greater comfort secured and the saving of time, the Baltimore companies, the companies of Boston
and also because in summer of the opportunity thereby etc., etc.) Although we have had the work ac
afforded for obtaining fresh air at small outlay. The tually in hand but a very short time, the reader will
other conclusion is that the expense of operating is find that by the kindness of oqr friends, as well as
considerably less than was the case when horses were through our own efforts, we have been able to gather
used.
In our rapidly-growing American cities the considerable data nowhere else given.
In using the street railway reports we would advisesecurities of street railways, which, be it remembered,
are comparatively free from the inroads of sudden com our readers to make frequent reference to our State
petition (a well situated line being generally in a posi a n d Cit y Supplement, from which caD be learned
tion to hold its own agaiast any lines that may be built many important facts regarding the municipalities in
on less frequented street?, eleva ted roads being the ex which the roads are situated, including such data asception), should prove, if the companies are properly populatio n, assessed valuation, tax rate and total debts
financed, a desirable form of investment. The street for a series of years,
car line, moreover, is seldom if ever subject to the
(*) These figures include, of course, for girder rails, the underground
same degree of fluctuation in traffic that the steam portion which is wanting in the case of T ” rails.
STREET
N o v e m b e r , 1894.]
a
RAILW AYS
NOTE—E x p la n ation s o f the abbreviation s used in tlie fo llo w in g statem ents are given on page 14 u n d e r “ N otes.”
A L B A N Y , If. Y .
A lb a n y H y .—(TROLLEY).—ORGANIZATION.—Chartered in 1863.
Operates 5 lines through principal business streets and residence
portion of city. Has no competition.
S tock and Bonds—
Date, interest. Outstanding. Last div , <êc.
Albany Ry. Stock ($100)
6 Q -F. $1,250,000
Nov., 1894
1st Mortgage......... . . 1865
5 J.-J.
34.000 Jan. 1,1905
3d Mortgage..................... 1875
7 J.-J.
28.500 July 1,1895
4th Mortgage.................. 1880
6 M.-S.
11.500 Meh. 1,1905
5th Mortgage.................. 1888
5 M.-S.
38.000 Sept. 1,1913
Consol. M. ($500,000),) 1890
5 g J.-J.
388,000 Jan. 1,1930
c" gold $1,000)........ ) Interest at Central Trust Co., New York,
Debentures..................... 1891 | M.-N.
[6
200,000 Nov. 1,1901
N. & E. Greenb. H.R.Cos. ........
5 M.-N.
30,000 May 1,1911
. ROAD—Company in November, 1894, operated 33 miles of track in
city of Albany, extending also to Greenbush and opposite Troy.
Road owned in fee.
Miles. I
Miles•
Main line and brs. (trolley). 17
Watervliet Turn. & RR. Co. 16
Weight of rails on road
I
--------owned...................... 50 to 90 lbs | Total track June 30, ’94.. 33
DIVIDENDS—In 1892, 6 per cent; in 1893, 6 per cent; in 1894, 6 per
cent.
Bonds—Debentures are convertible into stock after Nov. 1,1893.
A nnual R eport
Yr. to June30.
1894.
1893.
1894.
1893.
Gross earns... .$419,153 $407,854 Taxes, e tc.... $48,817
$49,318
Net.................... 167,117 166,394 Dividends(12) 127,496 (6) 52,498
Other income... 12,451
7,336 Bal. deficit yr. 35,992 sur.33,813
Interest paid ... 39,247
38,102 Total deficit
June 30....... 19,047 sur.17,002
Balance S heet —Balance sheet June 30,1894, was as follow s:
Liabilities.
Cost of road_ fffíf .. . $947,462 Capital stock..................$1,250,000
_
Costo! equipment........ 1,036,970 Funded debt..............
730,000
Cash on hand
3,814 Interest on funded debt
Open accounts...............
3,491
due and accrued........
2,175
Supplies on hand..........
25,486 Bills pa ya b le,..............
35,000
Profit & loss (deficiency)
19,049 Open accounts...............
19,082
15
Sundries....................
$2,036,272
$2,036,272
OPFICERS—President, Robert C. Pruyn; Secretary, James McCredie.
Directors, June 30,1893, Robert C. Pruyn, Anthony N. Brady, John W.
McNamara, James H. Manning, A. Bleecker Banks, James McCredie,
James Rooney, Andrew Draper, J. Irving Wendell, William McEwan,
John G. Myers. Simon W. Rosendale, Elnathan Sweet.
A lb a n y R a ilw a y System — W a tervliet T u rn p ik e & R ,
R .—
Opened July 4,1863. Leased to Albany Ry. March 15,1892.
S tock and Bonds— Date, interest. Outstanding.
Maturity.
Capital stock $100................... .
.......
$240,000
1st M. int. guar............ 1889 6 M. - N
350.000
May ij ¿919
2nd M., p. & i. guar....... 1889 6 M. - N
150.000
May 1,1919
Road—16 miles.
B A L T IM O R E , M D .
R a ltlm ore City Passenger (ELECTRIC AND CABLE).—In
corporated Feb. 13,1862. The cable was in operation for about five
months in 1893. I n i 894 Baltimore parties reported the company to
be earning about $3,000 a day.
S tock & Bonds.—
Interest. Outstanding. Last div, etc.
Stock, $25...............................
Text.
$2,500,000 July 2,1894, 4%
1st m ortgage..................c* < 5 g.M.-N.
2,000,000 Nov. 2,1911
$1,000 go ld ,,..................... ) Interest payable in Baltimore.
TRUSTEE Of mortgage is Safe Deposit & Trust Co. of Baltimore.
Dividends. ) 1887. 1888. 1889. 1890. 1891. 1892. 1893. ' 1894.
P e r ce n t..... i 11
12
JO
13
11
9
11 See below
T 1894 paid in January 4 per cent; July 4 per cent; October none.
n.
Dividend have usually been paid in January, July and October.
. A nnual R eport , Etc .—On May 25,1894, the company had no float
ing debt and had cash on hand $272,509. Earnings have been as fol
low s:
Gross earnings.
Net earnings.
1893............................. ....................... $794,45024
$128,102 89
1892........................................................ 780,388 29
85,712 54
1891................................. ............ .
835,400 43
86,233 40
ROAD May 24,1894, included 21-6 miles cable and 23‘4 miles electric.
Equipment 194 cars.
R a ltlm ore T raction C om pany.—Incorporated April 5, 1888,
for purpose of purchasing, building and operating cable and other
street railways.
Date. Interest. Outst'nding. Last Div. dkc.
S tock and Bonds—
Capital stock ($25)...............
$5,750,000 Jan. 1,1892
1st mortgage ($1,000), Trus 1889
M-N 1,500,000 Nov. 1,1929
tee Mercantile Tr. Co___
Exten. and imp. ($1,000))
«
g. M -S 1,250,000 Sept. 1,1901
6s gold................... . ¿ 51891 6
North Balt. Div. 1st ($1,000) > , Qilo k
5s g o ld .............. ............. c ) i 8 y j 5 g. J -D 1,750,000 June 1,1942
DIVIDENDS.—The company has paid 2 dividends; October, 1891,1 per
cen t; January, 1892,1 per cent.
Road.—Company’s tracks December 31, 1893, were as follows,
aggregating 78 m iles:
Miles.
Miles.
C ab le.................... ............... 15 Horse................................. .’. . . . 24
Electric............... .................... 37 Electric, owned........................
3
EQUIPMENT.—On Dec. 31,1893, company owned 389 cars, of which
184 horse, the balance being electric and trailers.
Latest Earnings.—For month of O ctoberGross earnings.
Net earnings.
1894.................... ............... $89,990 Show an increase of .......$12,490
1893........ ........... 83,766
A nnualBReport .—Fiscal year ends Dec. 31. Report for 1893 in V.
58, p. 429, shows the following earnings, the road being still in process
of change from horse to electric, and the full mileage not being in
operation.
t ear 1893.
Gross earnings___. . . . $1,062,884 Fixed charges..................$355,202
Operat. exp. (641 %)..
g
689,317
Net earnings................
373,567
Balance, surplus....... $18,364
Paying passengers, 21,123,916.
O fficers.—
President, F. Brown; Secretary, N. H. Johnson.
Index .—V. 58, p. 4 2 9 .
Central R y . Co. o f R a ltlm ore City (ELECTRIC).—Incorpor
ated May 6,1881; amended by Act oi 1892. President, Geo. Blaisi-
stone Secretary, Peter Thompson. Completed as electric line in Oct.,
1892. Dividend 3 p. c. was paid June 20,1894.
Stock (6,000 shares,$50).$300,000
Earnings have been as follows:
1st mortgage 6s................ 189,000
dross.
Met.
(Due July 1,1912, s. f. red. at 100 ) Year 1893........ $214,475 $85,591
Cons, M. 5s, gold, M.-N. .$511,000 1st 6 mos. 1894. 116,741 45,884
($700,000 auth) Due May 1,1932. Dividend June20,1894,3 percent.
ROAD—Route is from Druid Hill Total sur. June 30,1894... 34,038
Park to Broadway Ferry.
Floating debt July 9, ’94. .$17,000
C 'ty & Suburban R y . Co. (TROLLEY AND HORSE).—A Balti
more company, incorporated under laws of Maryland June 7 1892 bv
consolidation of the Union Passenger Ry Co., the Hampden Passenger
Ry. Co. and the Highlandtown & Point Breeze Ry. Co., for purpose of
constructing, leasing and operating street passenger railways in Balti
more city and county.
_
S tock & Bonds. Date.
Interest.
Outsland'g. Last div., <£c.
Text. J. - J. $3,000,000 July 2, ¿894
Stock ($50)....................
l8t
1892
5g
J- - D - 3,000,000 June 1 1922
gold, ($1,000... 5Trustee, Safe Deposit & Trust Co. of Baltimore.
Dividends.—In 1893,1 per cent; in 1894, January, 1 per cent: Julv
1 per cent.
^
Road.—Operates track from Point Breeze to Woodberry, Cantonsville to Towson, Md. North and Madison avenues to Belair road, &c
££Stei£I,1^ie8 extensions to Sparrows Point (6 miles) and to Ellicott’ s
Mills (8 miles).
Miles.
Single track............................. 61T0 Contemplated extension.......
14
Latest Earnings (3 mos.).. >1894, gross, $120,767; net, $35,333
July 1 to Aug. 31.......................51893, gross,
94,587; net, 29,587
A nnual R eport —
Yr. to July 1 .
1894.
1893.
July 1 , 1892, to Sept. 1 , 1804.
Gross earn........$605.124 $474,756 Net earnings.....................$338,066
Operating exp.. 409,363 367,783 All interest....................... 151,922
N e t................... 195,761 106,973 Bal. sur............................ 186,144
BalanceIS heet of Sept. 1,1894,
Liabilities.
Cost of road....................$5,604,900 Capital stock.................$3,000,000
St’ks & b’ds of oth’r rds.
214,799 B o n d s .................
3,000,000
City & Suburban Ry. Co.
Cal led bonds................
6,000
1st mort. bond............
1,000 Tickets outstanding &c.
458
Cash on hand................
421,119 Mortgage notes.............
13,667
Supplies.......................
........... I Individual accounts....
17,097
156,522
Individual accounts...
13,882 I Earnings..................
96,150
$6,272,7971
$6,272,797
O fficers.—President, Nelson Perin; Secretary, Leon Fender; Treas
urer, E. J. D. Cross; J. F. Heyward, General Manager.
Index .—Vol. 58, pp. 457, 476,1096.
BO STON , BASS.
North. Shore T ra c tio n .—Incorporated under laws of Lynn
Mass., and controls through ownership of stock the Lynn & Boston
Ry. Co., which see. Total mileage about 145 miles.
S tock—
Par. Dividends. Outsland'g Last div., <te.
Com mon.......................................................... $4,000,000 ........ .
Pref. 6% cum., red. at 105.........Text A. - O.
2,000,000 April, 1893
D ebt—In October 1894 it was understood that the entire float”
debt was to be paid off.
Dividends—Last dividend was 3 per cent April, 1893, but stock ia
cumulative.
N orth Shore T raetlon System—L yn n & B oston (MOSTLY
ELECTRIC.)—Owns road in and about Boston, Mass. Controlled by
the North Shore Traction Co., which owns most of the stock. Road was
still being put under trolley in 1893.
STOCK & Bonds.— Dale. Dividend.
Outstand'g Last Div. éc,
Stock (par $100)....................
Text.
$ 1 ,000,000 Oct. 1,1894.
Mortgage Bonds—
Interest.
1 st mor tgage........................... 6 M. 15-N.
75,000 May 15,1900
Naumkeag St. Ry. 1st...
5 J.-D .
215.000 June 1,1906
Consol. M ...........................
5 J. - J.
726.000 July 1,1910
Lynn Belt 1st.........................
5 M.-N.
100.000 May 1,1910
Essex Electric 1st..................
6 J. - J.
100,000 Jan. 1,1911
Lynn & Boston consol.) - QO.
See text ........... 1914
$5,379,000, gold.......5 1894
Plain Bond§—
Lynn & Boston.......................
5 M.-N.
150,000 May 15,1900
do
do ........... . . . . .
5 A .-0 .
100,000 Apr. 1, 1907
do
do ........................
5 M.-S.
275,000 Mch. 1,1912
Naumkeag..............................
5 A .-0 .
49,000 Apr. J, 1907
do
........... ...................
...
6 M.-S.
38,000 Mch. 1,1895
do
............... ..............
6 M .-S.
28,000 Sept. 1,1910
do
............... ..............
6 J .- J .
6,000 July 1,1911
Consol. Bonds o f 1804.—In October, 1894, the Lynr < Boston RR. Co.
fc
authorized $5,379,000 30-year gold fir?t mortgage 5 per cent bonds, of
which $2,711,000 to pay the company’ s debt to the North Shore Trac
tion Co. and the balance to be used to take up prior liens of the Lynn
& Boston, the Naumkeag, the Essex and the Lynn Belt line. The North
Shore Traction Co. has sold the bonds received by it to a syndicate of
New York bankers.
Dividends of 8 per cent have been paid.
Road—Sept. 30,1893.
Miles.
Owned, measured as single
Of which electric................ 120
track .........................
i l l Sidings..... ........................
6
T rackage.........................
34 Under construction................
3
Total operated........................ 145
Latest Earnings.—Earnings for the month of October and the
year ending September 30,1894, w ere:
Month October—
Year ending Sept. 30—
1894
1893.
1894.
1893.
Gross earn’gs.$143,640 $131,701 Gross earns.$l,238,410 $1,188,337
Net earnings.. 65,543
51,692 Net earns...
492,106
383,263
A nnual R eport .—Last report shows
Year ending Sept. 30.
1893.
I
1893.
Gross earnings...............$1,121,365 All interest .. .................$224,980
Net (over taxes)...........
305,526 Dividends (8 p. c.)...........
80,000
Other income................
15,288 Bal. surplus....................... 15,838
Balance S heet Sept. 30,1893. Balance showed:
Liabilities.
Construct, (rd. owned)..$4,108,757 Capital stock..........
$1,000,000
Land and buildings......
893,202 Funded debt.................. 1,860,500
Equipment....................
743,671 Unfunded debt............. 3,112,191
Cash and current assets.
304,809 Surplus...........................
77,748
Total............................$6,050,439
Total........................... $6,050,439
O fficers—President, Amos F. Breed; Treasurer, Charles Willmer,
Lynn, Mass.
INVESTORS’
4
SUPPLEMENT.
[V ol . L ì X .
B r o o k ly n flu een sC ou n ty ¿k Suburban R R . - (TROLLEY.)—
W e st E n d (B oston ) (TROLLEY AVD HORSE).—Chartered in
1886; a consolidation of various companies, as is seen toy toond tatole O rganization — A consolidation in January, 1894—see Y. 58, p. 126.
The Long Island fraction Co. owns practically the entire canital stock,
below.
Outstand’g Last div., die. but the road is operated separately. In 1894 it was teeing put under
S tock and Bonds.— Hate. Interest.
Common stock ($50)................. Text A.- 0. $9,085,000 Oct. 1,1894 trolley. The Jamaica& Brooklyn was previously electric, butthe other
6,400,000 July 2,1894 divisions were opened as trolley roads as follows: First section May 1,
j.-j.
Preferred stock (par $50)......... 8
1894; Broadway division Aug. 1,1894; Ralph Av. in September, 1894;
3.000.
000 Nav. 1,1902
Coupon notes, gold......... . .1892 5 g- M.-N.
Sumner and Reed Avs. in November, 1894.
2.000.
000 Mch. 1,1914
M.-S.
Gold bonds of 1894............ 1894 4i2g,■
STOCK AND BONDS—
Hate.
Interest. Outstand’g Maturity.
925.000
...............
Mortgage notes............................
None.
500.000 June 1,1897 Capital stock...................................................... $2,000,000
Metropolitan HR. (plain).. 1877 6 J .is-D .
Underlying bonds—
J .-D .
500.000 Dec. 15,1903
do
do
..1883 5
5 g. J. - J .
240,000 Jan. 1,1930
200,00» July 1,1897 Jamaica&B’n R’d 1st M.,g.......
J .- J .
Middlesex RR. (plain).......1877 6
5 J .- J .
250,000 J To be paid.
200.000 July 1,1904 Br’dway (of B’klyn )1st M. . . . .
J .- J .
. do
do
..1884 5
1st M. Yates A v e ...................
5 J. - J.
100,000 ( July 1, ’95.
100.000 Jan. 1,1898
J .-J .
High.St.,plain,conv.at mat.1878 6
300.000 May 1,1902 B’klyn Queens Co. & Sub.—
M.-N.
Plain, not convertible....1882 5
1st M., $3,500,000, gold.1894 5 g. J. - J.
3,150,000 May 1,1941
500.000 Jan. 1,1907
J .-J .
Boston Consol. St. plain.. .1887 5
1st con.M.,$4,500,000, g.1894) 5 g. M. - N. 2,500,000 May 1,1941
M.-N.
200.000 May 1,1905
¡South Boston, plain........... 1883 5
Subject to call May 1,1916. (
Int. at First Nat. Bank, Brooklyn.
600.000 Apr. 1,1903
A.- O.
■Cambridge 1st M*............... 1883 5
Of the $3,500,000 first mortgage bonds of 1894 $350,000 reserved to
150.000 Apr. 1,1904
A.-O.
Charles River 1st M........... 1884 5
retire Broadway Co. bonds and remainder will be uted to “ trolley” the
Interest is payable in Boston) by the American Loan & Trust Co.
except bn Cambridge 5s, interest on which is payable at New England system. The Jamaica & Brooklyn bonds have certain property which
will provide for them at maturity. Consolidated mortgage bonds for
Trust Company.
$1,750,000 to be used for extensions and to be a first lien thereon.
Bonds of 1894 for $2,000,COO were issued to pay floating debt, which
LATEST E arnings .— Earnings with road still in transition state,
Sept. 30,1894, had all been discharged.
undergoing change to electricity, show following gains compared with
Dividends—On preferred, 8 per cent per annum. On common, in corresponding periods of 1893 operating expenses will, it is said, be
1892,10 p. c.; in 1893, 9 p. c.; 1894, January, 3 p. c.; July, 3 p. c.; reduced from 80 to 50 per cen t:
Oct. (for 3 months—dividends changed to A.- O.) 1*2 per cent.
1894.
August.
September.
October.
ROAD—Sept. 30,1893.
Miles. 1
Miles. Gain........ ...................... 53 per cent
abt. 61 per cent
73 per cent.
Track owned, measured as
|Trackage..................................
14
ROAD—Including lines to East
A nnual R eports — Earnings for
single track.......................... 227 |Total operated........................ 268
1894
Sidings....................................
27 I Of which with'electricity...... 150 New York and Jamaica, and on while below given are from road
rebuilding was in progress.
Ralph, Sumner, Reed, Metropoli
A nnual R eport — Reports have shown:
Yr.end.Jne.30, 1894.
L893.
tan Aves., etc.
Miles. Gross........... ..$538,845 $571,865
1894.
1893.
Year ending
125,920
Taxes........... $280,167 $321,502 Mainline................................. 22*2 Net.................. 111,132
Sept. 30.
1894.
1893.
5,180
7,539
Rentals........
11,897
11,989 Second track........................... 22 ^ Other income.
Aver, miles. 261
254
Charges......... 168,361
72,978
Gross earn. .$6,823,87 9$6,692,578 Dividends. (7^) 681,375 817,650
Other paym’ts.
862
10,500
Total operated Nov., 1894. 45
do p r e f...
512,000 512,000
Net ea rn .... 2,016,796 2,141,843
98,356 122,414 Total, includ’ g proj ected, 124 miles.
Inter’t paid 433,000
356,288 Bal. surplus.
Def. for yr. $52,911
$49,981
Tot. sur. Sept.
3 0 ...............
29,356 176,861
In d e x —Y ol. 58, p. 126.
B R ID G E P O R T , C O M .
B rid geport T raction C om pany,—(See Map.)—Chartered in
July, 1893. A consolidation of the Bridgeport Railway, Bridgeport
Horse Ry. and East End Ry. companies, and operates by electricity the
entire system of street roads in the city. Owns a perpetual and ex
clusive franchise from the State of Connecticut and is exempt from all
city taxation.
S tock & Bonds.— Hate. Interest.
Outstand’g.
Last div., etc.
Stock (par $100)................................. ..
$2,000,000
New.
First M. g. ($l,000)c.*) 1893 5 g. J.-J.
1,300,000 July 1,1923
, $2,000,000
5 Trustee Fidelity Title & Dep. Co., Newark, N.J.
Interest is payable at the office of Redmond, Kerr & Co., 41 Wall
St., N. Y.
Stock.—Authorized and issued, $2,000,000; par, $100; fully paid in
and non-assessable.
Bonds—The mortgage is a first lien on the franchises and all prop
erty now owned, or which may be hereafter acquired, and is issued at
75 p. c. of actual cost thereof, as required under the laws of Connecti
cut. Bonds are certified by State Auditor as issued.
The unissued bonds may be sold for improvements and new con
struction, but at not to exceed 75 per cent of the actual cost of such
improvements, etc.
ROAD.—Now in operation 32 miles of track, laid with 70 to 90-pound
steel rails; completed Oct. 1,1894.
Equipment .—Road is equipped with modern motor cars of General
Electric make. The power house, car barns, etc., and other real estate,
are owned by the company.
R eal Estate , Power H ouse, Et c .—The real estate owned by the
company is extensive and includes one entire block in the city, on
which are brick car houses and a large brick tenement house leased to
employees of the company. On the East End division the company
owns another block on which are erected car houses, repair shops,
etc. l i e power house is considered unusually complete. It is 98x110
feet and is situated on a, large plat of land on Sea View Avenue, with
extensive water frontage.
The engine equipment consists of three large compound Corliss
engines and three general electric generators, one 200 k. w. and two
BOO k. w. There are eight horizontal return tubular boilers, 66 inches
by 17 feet.
EARNINGS for the year 1893 were $163,802, under horses ;* since the
Introduction of electricity the earnings have increased largely, the
weekly returns since Oct. 1 being as follow s:
B r o o k ly n T ra ctio n (TROLLEY) . —Chartered in Jan., 1893
under laws of N.Y., and purchased entire capital stock of Atlantic
Avenue RR. Co. of Brooklyn, N. Y.—also controls the Brooklyn Bath &
West End road, whose stock is all held by the Atlantic Avenue Com
pany. Both roads have been changed to trolley—see title of each in
this Supplement .
STOCK—
Par. Outstand’g. Div. Last Divid’d.
Common stock............................. 100 $6,000,000
.
None paid.
Pref. stock, 6 p. c. cumulat.,
subject to call at 110............ 100 3,000,000 J.-J. July, 1893
DIVIDENDS—On preferred July, 1893, 3 p. c.; in 1894, none.
A nnual R eport —Last report, showing business of lines controlled
was in V. 59, p. 725. See Atlantic Avenue RR. Co. above.
O fficers — President, J. P. Ilsley; Secretary and Treasurer, C. F.
Stevens. Office, Brooklyn, N. Y.
INDEX—V. 57, p. 978; V. 58, p. 307, 866; V. 59, p. 725.
B r o o k ly n T raction Sy stem —A tla n tic A venue B B . ( TROL
LEY)—ORGANIZATION—Chartered in 1872. The entire capital stock is
owned by the Brooklyn Traction Co., which see.
Interest. Outstanding. Last Div. ,dic •
S tock and Bonds— Hate.
1894
Stock ($50)................................
See text. $2,000,000
Gen. mort, (now 1st)..............
5
A.-O.
759.000 Oct. 1, 1909
7
F.-A.
S. B’klyn Cen.lst M. as’d.........
125.000 Aug. 1, 1897
6
F.-A.
2d mort, assumed_ _ _
_
_
150.000 Aug. 1, 1897
Atlan. Ave. con. M. gold 1891 5 g. A.-O.
1.546.000 Oct. 1, 1931
Improvement M., gold.. 1893 5 g. J .-J .
1.500.000 Jan. 1, 1934
Real estate morts...................
109,500
.......
Bonds.—The consolidated mortgage of 1891 is for $3,000,000, of
which balance unissued is reserved for prior liens. The improvement
mortgage (limited to $1,500,000) was issued in 1893. See V. 56, p. 735.
BothThese mortgages cover the double-track steam railroad leased to
the L. I. RR. Co. as well as the road owned and operated. Loans and
bills payable (on Sept. 30,1894) were $101,999, against $130,735 June
30,1894.
Interest on consolidated mortgage and improvement mortgage is pay
able at Seligman & Co.’s, Mills Building, New York City; on other loans
in Brooklyn.
DIVIDENDS—In 1891, 6 per cent; in 1892, 6 p. 0.; for year 1893-94,
5 p. c.
Road—Company operates 42% miles of track in City of Brooklyn.
Roads owned in fee—
Miles. I Road leased, etc.—
Miles.
1893.
1894.
Increase. Main line and brehs. (trolley). 20 |Old Brooklyn Cable road, etc.. 3 %
Second traok.........................18^ I
-------Week ending Oct. 7_ ........................ $2,907
_
$3,585
$678
Sidings.................................... *2 I
Total operated 1894.......... 42%
Week ending Oct. 14_ ........................ 2,974
_
492
3,466
Week ending Oct. 21_ ...................
_
850
2,690
3,540
Weight of rails on road owned, 47-90 lb.
_
Week ending Oct. 28_ ........................ 2,653
3,902
1,049
In addition owns in fee the double-track steam road from Jamaica to
Week ending Nov. 4 _ ........................ 2,729
_
1,326 Flatbush Avenue Station in Brooklyn 9 ^ miies (19 miles of track),
4,055
Week endingNov. 1 1 ... ........................ 2,558
4,096
1,448 which is leased for 99 years from June 1,1877, to the Long Island RR.
OFFICERS.—Pres’t, Nathan H. H eft; V.-Pres., Elias S. Ward, (Newark, Co., affording that company entrance into the City of Brooklyn—rental
N. J.); Treas.,Wm. Scheerer (Newark, N. J.); Sec’y., ThomasL. Watson. in 1894 $52,400 and increasing yearly. The Brooklyn Cable Co.’s
road is operated with trolley.
General Office, Bridgeport, Conn.
The Brooklyn Bath < West End is leased but operated separately.
6
INDEX.—Voi. 58, p. 849 ; V. 59, p. 429, 7 35, 737.
Latest E arnings — Por three months ending Sept. 30 earnings:
3 mos.— Gross earns. Net earns. Other ine.
Charges. Bal.jSurp.
1894........ .$252,275
$93,704
$17,173
$66,182
$44,695
B R O O K L Y N , N. Y .
1893........ . 234,227
73,489
19,463
50,909
42,043
B r o o k ly n City & N ew to w n B B . —ORGANIZATION—Chartered
A nnual R epo r t — Fiscal year ends June 30. Last report V. 59. p.
in 1862, Known as De Kalb A ve*»e line.
650, 735. The introduction of the trolley has largely increased the
STOCK & Bonds. Hate.
Interest.
Outstand’g.
Last div., de. company’s earnings and reduced its percentage of operating expenses.
Stock ($100 shares).........
Text.Q.-F.
$1,000,000
Nov., 1804
For six months only of the fiscal year 1893-94 was the entire system
^|t M., $2,000,000.. .1889
5 J. - J.
1,900,000
July 1,1939 operated by electricity. The gain in earnings, however, for this year
in terest paid at Mercantile Trust Co., N. Y. City. Dividends paid at was 14 per cent over the previous year, when for nine months the entire
Mercantile Trust Co., N. Y., are now 10 p. c. per annum (2*2 p. c. quar.j system was worked with horses.
Y’rend.June30. 1894.
1893.
Y’rend.June30. 1894.
1893.
Road—
Miles.
EarningsGross earnings.$897,536 $784,008 Interest paid. ..$194,503 $104,225
igle track, main line.............11 ^ Year June 30.
1894.
1893.
7,602
cond track
do
............ 8^ Gross earnings.$591,347 $490,014 Net.................... 287,551 113,699 Rentals paid... 10,880
57,490 Taxes................ 31,490 25,880
Sidings............... : ...................... l^j N et.................... 254,428 163,547 Rent of track... 51,731
Rent of real es
Dividends. . . . (5) 100,000 17,306
Interest p aid... 100,526 74,654
tate, etc.......... 12,818
6,785 Bal. for year..sur.15,227 sr.22,961
Total owned June 30,1893....21 ^ Taxes...............
15,540 12,353
Weight of rails 66 ^ and 98 lbs.
Dividends........ 100,000 40,000
Balance-S heet June 30,1894, in V. 59, p. 650; see also p. 737.
D ividends— 51892. 1893. 1894. Bal., sui’., year. 38,727 36,540
OFFICERS President, Benjamin Norton; Secretary and Treasurer,
Percent. ( 4
8
10
Tot.sur.June30 116,889
72,545 Benj. Frick. —Office, Atlantic and Third avenues.
Bonds—The consol, (now 1st) mortgage of 1889 is for $2,000,000, of
INDEX—V. 58, p. 733; Y. 59, p. 192, 6 5 0 , 737.
which balance issued are reserved for improvements, etc. Trustee,
Mercantile Trust Co., N. Y. Mortgages on real estate (on July 1,1893)
B r o o k ly n T raction System—B r o o k ly n B a th & W e st E n d
were $196,556.
B
O fficers—President, J. N. Partridge; Secretary and Treasurer, 41B . (TROLLEY)—Chartered Jan. 27, 1879. May 1,1893, leased for
years to the Atlantic Avenue RR. Co., which purchased entire capi
Duncan B. Cannon. Office, DeKalb and Central avenues, Brooklyn.
tal stock, and which in May, 1894, owned all the outstanding consols
Index—v . 57, p. 5 9 5 .
($448,000). Formerly a steam road. Trolley from Jan. 1,1894.
GROSS EARNINGS.
t
'
STREET RAILW AYS.
N o v e m b e r , 1894.j
6
[Vol. LIX.
ifi VKBTOÄS* ßUPPLEMElNi
leased lines. Possession under lease to Brooklyn Heights RR. Co. was
Interest.
Outstand’g. Maturity.
S tocks and Bonds— Date.
given June 6,1893.
...............
Stock........................................... . . . . . . . . . . . . $ 1 ,000,000
J .-J .
250,000 Jan. 1, 1907
STOCK and Bonds— Date.
Interest.
Outstand’g. Last div., 16c.
Ist M., A, red. Jan. 1, ’97. 1887 5
5
A .-0 .
250,000 Jan. 1, 1916 Stock ($10 shares).............. 10% Q .-J . $12,000.000 October, 1894
Ist M., B, red. Jan. 1, ’ 97. 1887
J.-D .
52,000 June 1, 1911 1st M.&con.M.$5ÓO&c.l891 ) 5 J. &
2dM.$100,000,re.J’y l , ’ 96 1891 5
6,000,000 July 1,1941
448,000 Oct. 1, 1933
Subj. to call in 1916....e* >
Gen. M., $1,000,000, gold. 1893 5 g. A.-O.
200,000 July 1,1908
5 J. & J.
'd fB ’k’nCrosst.lst M.1888
Interest payable at Seligman & Co., Mills Building, New York City.
1906
200,000
5 F. & A.
§ G’dSt.&New.lstM.......
200,000 June 1,1907
ROAD—From 36th St., Brooklyn, Earnings—Last report in Y. 59, S < C.C.G.P.& B.lstM.1887
6 J. & D.
p. 514, showed.
200.000 Mch. 1,1897
via Bensonhurst, to Coney Island.
7 F. & A.
® New Will.&Fl.lst........
Year June 30— 1894.
1893.
Miles.
125,000 May 1,1910
6 M. & N.
[Gr.&Lor.St. 1stM . . . .
$108,515
Mainline................................. 6*64 Gross.........$107,305
L ease AND R ental — Leased Feb. 24,1893 to the Brooklyn Heights
def.4,996
Second track........................... 6*14 Net............ 24,888
HR.
33,82639,761 Co. for 999 years at 10 per cent on stock, all charges, etc.
Sidings, etc.......................
3*72 Interest paid...
5,892
4,940 The Lonq Island Traction owns the stock of the Brooklyn Heignts
T a x es.............
Company and deposited $4,000,000 as a guaranty fund out of which
To‘ al owned June 3 0 ,1894.16,50
to meet any deficiency for dividends on Brooklyn City RR. stock, lu is
Weight of steel per yard 50 56 lbs. Bai. df. for year. $14,830 $49,697 guaranty fund was drawn upon to the extent of $250,000 in July,
Tot. df. June 30. $120,286 $96.930
Has trackage to 39th St. Ferry.
1894. See Y. 59, p. 27.
Coney Isla n d & B ro o k ly n B B . —ORGANIZATyDN-Cliartered in
1860. January 1,1893, capital stock was increased from $o00,000 to
$ 1,000,000 to introduce trolley.
S tcpk A B onds Par.
Interest.
Outstand’g. Last div., <6e.
S t o c k ...... .
100 Text. A. - O. $1,000,000 October j, 1894
First mortgage. , ........1,000
5 J.-J.
300,000 Jan. 1,1904
Certificate of indebt.. 1,000
6 J.-J.
200,090 Co. s option.
R oad—Brooklyn to Coney Island
Earnings—
,
mSs
Year June SO— 1894.
1893.
with branches.
Miles. Gross earnings.$306,977 $313,053
Net....................
91,180 105,214
Main and branches, trolley— 121
4
3,287
1,500
Second track.......................... 1214: Other income...
Interest paid...
27,020 37,169
Sidings...........................1.......... 1
24,855 13,229
Taxes, etc........
60,000 50,000
Total track June 30,1894.. .243t Dividends........
Bal., su p .for y’r.df.18,142
6,316
Weight of rails, 60 lbs.
Tot.sur. June30 40,146 60,868
DIVIDENDS -"In 1893 4 per cent on $500,000 and 3 per cent on
$ 1,000 , 000 . ‘
Bonds.—Loans and bills payable (on June 30,1894) were $23,104.
OFFICERS—President, Henry Slocum; Secretary and Treasurer, Willis
Brower. Office, Smith and Ninth streets, Brooklyn.
Index —V. 57, p. 4 2 6
L a n g Is la n d T r a c tio n .—ORGANIZATION.—Chartered under the
laws o f Virginia in March, 1893, in order to operate the Brooklyn
Oitu RR. Oo., and in June, 1893, took possession of that property
under a 999-year lease, guaranteeing 10 per cent dividends on $12,000,000 of stock. The lease is nominally to the Brooklyn Heights RR.
Co., but practically to the Long Island Traction Co., since that company
owns the entire capital stock of the Brooklyn Heights Company and
has guaranteed payment of dividends to lessor by special fund in
hands of trustees. This fund is kept invested in bonds satisfactory to
the lessor and lessee. The original amount was $4,000,000 but in Jm y,
1894, $250,000 was used as permitted by lease to pay Brooklyn City
Road—Company owns 199 miles of track in city of Brooklyn,
extending to Coney Island, East New York, etc.
Roads owned in fee—
Miles. Sidings..................................... 16*4
Main line and br’ches, trolley 95*2
Second track............................ 871
*
Total of all track Sept., ’ 94.199
, Wt. of rails on road own. 45-70 lbs.
STOCK— Increased Jan., 1893, from $6,000,000 to $9,000,000 and in
Jan., 1894, to $12,000,000.
DIVIDENDS—For many years 8 per cent; in 1893 guaranteed 10 per
cent under the lease. Extra dividend of 2 per cent in 1894.
Bonds—The mortgage of 1891-is for $6,000,000 and is a first lien on
the old Brooklyn City road and a consol, lien on the lines acquired by
consolidation in 1890. The last $3,000,000 of the loan was issued j n
April. 1893. Due Brooklyn Heights Co. for betterments, $1,877,354,
Sept. 30,1894. This must be paid when for any reason the lease ter
minates.
L atest Earnings—See Long Island Traction Co.
A nnual REPORT— The last annual statement was in V. 59, p. 423.
The earnings are included in the report of the Brooklyn Heights RR.
Co. given under Long Island Traction. They are not reported separately.
Balance S heet —The balance sheet of Sept. 30,1894, was as fo l
lows, the capital stock and funded debt remaining the same as on June
30 and the loans and bills payable having increased $100,000.
Liabilities.
Aftsets.
Cost road & equipm’t .$18,186,965 Capital stock— .........$11,999,948
Funded debt................
Other perm, investm’ts
546,604
200,000
Due construction acct.
469,279 Loans & bills payable.
40,159
Due by Co.’s and indiv.
252,527 Due Co.’s & individ’ls.
633,565
Cash on hand...............
283,294 Profit...........................
Accounts receivable...
60,003
.$19,798,672
Total.
Total....................... $19,798,672
INDEX.—VÔÏ.'58, p. 816, 866; V. 59, p. 27, 4 2 3 , 234.
r6In January, 1894, the Long Island Traction acquired the en'ire cap
ital stock ($2,000,000) of the Brooklyn Queens County £ Suburban RR.
(which see), a recent consolidation of Broadway of Brooklyn, Jamaiea
& Brooklyn Road Co. and Broadway Ferry & Metropolitan Avenue.
fitorK and Bonds— Par.
Interest, Outstanding.
Maturity.
Capitalstock. . .. . ... $100
None. $30,000,000
.......
Collateral trust 1894) 1,000 6 g. F. - A, 2,500,000 Aug., 189o-97
$3,000,000, gold.c* Ssubject to call on or after July 31,1895.
Stock—Of the $30,000,000 capital stock, $3,000,000 went to the
syndicate carrying through the deal and $27,000,000 was offered to
•the Brooklyn City stockholders at $15 per share, the laws of Virginia
permitting the sale of stock at less than par. Of the proceeds of this
last transaction $4,000,000 was deposited as security for the Brooklyn
City lease as above mentioned.
Bonds—The collateral trust notes (N. Y. Guaranty & Indemn'ty Co.,
Trustee) are joint obligations of theLong Island Traction and Brooklyn
Heights Cos. and were issued in Sept» 1894, to pay floating debt inci
dent to introduction of trolley, etc. They are secured by pledge of (1)
$200,000 (all) capital stock Brooklyn Heights RR. Co.: (2) all interest
in $2,000,000 stock of the Brooklyn Queens County & Suburban RR.
subject to certain rights of Brooklyn City RR. therein; (3) all interest
in the lease of Brooklyn City RR. and in the guaranty fund thereunder;
(4) all interest of the Brooklyn Heights in improvements made by it on
Brooklyn City RR., the cost of such improvements being re-payable
by the Brooklyn City to the Brooklyn Heights, in case of a termination
o f the lease. See further particulars vol. 59, pp. 27, 371, 514,737.
ASSETS—The company’s assets include the following at their par
value.
Brooklyn Heights RR. Co. sto 3k (all).
........ : - - - - - - - - - - • $200,000
r
Brooklyn Queens Co. &Suburbanstock(all) acquired Jan. 94 2,000,000
Guarantee dividend fund (in trust)........................................... 3,7ou,uuu
MILEAGE-The system Sept. 15,1894, included:
Miles.
Miles.
Brooklyn Heights R R ........... 1% Brookl. Queens Co. and Sub . 45
Projected.................................. 80
Brooklyn City RR ..................199
Projected...................... — - 93
------ __
„ . . is
L atest Earnings—The revenue of theLonj., Island Traction Co. ,
derived from the profits, if any, from operating the Brooklyn Heights
(including the Brooklyn City) and the Broiklyn Queens County & Su
burban. The Brooklyn Heights RR. Co., which, including the Brooklyn
City RR., forms the major part of the Traction system, reports as follows
for the quarter ending Sept. 30, the ratio of operating expenses being
65*30 per cent against 62*90 per cent in 1893.
July 1 to
Gross
Net
_ Other Charges, incl. Balance,
rentals
surplus.
Sept. 30.
earnings.
earnings.
income.
$495,255
$70,500
1894...........$1,252,289
$513,327
$52,428
378,778
180,243
1893 ........... 1,195,792
521,491
37,530
Annual R e po r t — The Brooklyn Heights RR. Co. reports for the year
1893-94 as follows:
Dish ursements.
Receipts.
Gross earnings............¿.$4,303,117 Interest........................... $20,944
Rentals........................... 1,434,941
Operating expenses.... 2,673,392
308,627
Taxes.............
Net earnings............ $1,629,725
Total................ ......$1,764,512
189,339
Other income................
Long Isla n d Traction System — r o o k ly n H e in * * * L :
B
( O A B iV l.O r g a n iz a t io n Chartered in l8 9 3 ; e ^ e s t o c k owned by
Long Island Traction, in whose interest it in 1893 took a 990-year
lease of the Brooklyn City RR.—which see.
STOCK AND BondsDate. Interest.
2 ^ t a n £ g Maturity.
Q4
-/\nlr
me
••••••«•*
îp-aVvjvUv .•■ •••• •• • ■ “•
1st mortgage...................1891 5% A.—O.
250,000 Apr. 1,1941
Collateral trust notes—See Long Island Traction.
EARNIN s—See Long Island Trac
G
Road —
Miles.
Cable line to Wall St. Ferry---- ^ tion Co. The cable-road itself had
Second track................................ *2 in year 1892-93 gross earnings of
Branch to power house.............. #$ $31,404.
Motor cars owned..........................8
Total road ow n ed ............... 1*8
Balance S h e e t — The general balance of Sept. 30,1894, was as fol
lows, shtfwing an increase in loans and bills payable of $1,058,000
since June 30,1894. To pay the floating debt the issue of collateral
trust notes mentioned under Long Island Traction was created.
Liabilities.
Assets.
Cost road and equipm’t. $504,113 Ca t Hp stock.................. $200,000
F 1 r ded debt..... ............
1
250,000
Due by agents, etc........
34,191
Loans and bills payable 1,577,340
Supplies..................... .
Rental, etc., accrued....
298,3 7
Cash................................
338,096
147,312
Accrued interest...........
45,337 Due for supplies, etc...
324,776
17,992 Due for construction...
Insurance prepaid........
Profit and loss...............
186,020
Brooklyn City construc
tion a ccou n t............ 1,875,334
Rents due and accrued.
3,742
Total.........................$2,983,785
Total.........................$2,983,785
O fficers —President, D. F. Lewis; Secretary and Treasurer, W. A. H.
Bogardus. Office, Clinton and Montague Streets, Brooklyn.
INDEX—Vol 58, pp. 307, 866; V. 59, pp. 423, 337.
$54,552
Total.........................$1,819,064 Strplus..................
OFFICERS—President, D. F. Lewis; Secretary and Treasurer, C. P.
Smith. Office: Montague and Clinton streets, Brooklyn.
D irectors —E. W. Bliss, Cornelius, N. Hoagland, Felix Campbell,
Silas B. Dutoher, John Englis, Crowell Hadden, Theodore F Jackson,
John G. Jenkins. Seth L. Keeney, Daniel F. Lewis, William Marshall,
D. H. Valentine, Charles T. Young.
INDEX—V. 57, p. 216,1039; V. 58, p. 126,173, 345.
L on g Isla n d T raction S y s te m — B r o o k ly n City K B .
(TROLLEY). -ORGANIZATION— chartered in 1853 under laws of New
York, and began operating July, 1854. In 1390 consolidated with its
N a ssau E le c t r ic B R . —Chartered March 13,1893, under the laws
of New York. This company has obtained the franchises which were
granted to Kings County Electric, Coney Island Fort Hamilton &
Brooklyn and Union Street roads, and m November, 1894, was en
gaged in the construction of its road.
Btock and BONDS—
Date. Interest. Outstand’g.
Maturity.
s
API. x , 1k
Trustee.—Hamilton Trust Company.
OFFICERS.—President, P. H. Flynn; Treasurer, Geo. S. Studwell.
BUFFALO, S. Y.
B u ffalo R a ilw a y .—ORGANIZATION.— Chartered in 1890; a con
solidation of the Buffalo Street RR., Buffalo East Side St. R v , West
Side St Ry. Stock of Buffalo Ry. Co. was issued for Buffalo RR. and
Buffalo East Side Ry. at par. Operates Crosstown Ry. and owns its
entire capital stock.
Interest. Outstand’g. Last div., <te
S tock & Bonds— Date.
$5,370,500
Buffalo Ry.St’k($100).......
150.000 May 1,1899
7 M. - N.
Buffalo St. Ry. 1st M..1869
650.000 July 1,1905
6 & 7 J. - J.
do do
2d M..1875
300.000 June 1,1904
7 J. - D .
Buffalo E. Side 1st M.1874
293,500 Sept. 1,1912
6 M. - S.
do do
24 M ..1882
Various.
20,257
6 Various,
7 purch’ emoney M’s ..
3,500,000 Feb. 1,1931
5 g. F.-A.
1st Con. M. ($1,000) <1891
for $5,000,000 gold JInt. is payable by Cuyler, Morgan & Co., N.Y.City
Real estate mtges. (5). . . . .
6 Various.
non V„ f i'which
Bonds.—1st. consol, mortgage of 1891 is for *5,000,000, of whieh
$1,500,000 reserved for prior liens. Mortgage trustee, Solicitors Loan
& Trust Co., Philadelphia. Loans and bills payable (on June 30,1893,)
were $453,429«
R oad .— Company on Nov. 12,1894, was operating road as follows :
Road owned in fte.
Miles.
Controlledbystock.
Miles,
Main line and brs. (trolley ). 43*94 Crosstown St. Ry. of Buffalo 73 33
Main line and br. sec. track. 24*79
0.QSidings............... ..................
’89
Total alltrks Nov. 12,’ 94.142*95
Weight rails owned, .62 and 92 lbs
N ovember , 1894.]
STREET
RAILW AYS
Latest E arnings — For the three months ending Sept. 30:
Gross.
Op. %
Net.
Oth. inc. Chgs.
Sur.
1 8 9 4 ...:.........$321,677
53-21 $150,506 $6,221 $95,912 $60,815
1893.................. 326,501 55-12
146,538
6,009 94,073 58,474
A nnual Report .—Fiscal year ends June 30. The reports show:
Yr.toJ’ne 30. 1894.
1893.
I
1894.
1893.
Gross earn. $1,184,985 $1,114,009 I Taxes..................$69,147 $55,554
N e t. . . . : . . 1.
498,677
422,429 Balance sur yr... 154,994 111,330
Other in c...
23,787
24,061 Tot, surp.J’ne 30.330,175 253,279
Interest pd.
274,236
279,606 I Fl’gdebtJune30. 24,089 ..............
3 Mbs.
G eneral Balance S h e e t — The balance sheet of June 30,1894,was
as below. On Sept. 30,1894, the funded debt was $5,110,257 and the
loans and bills payable $630,750.
Aasp.fjt
Liabilities.
Cost of road...!..$10,625,194
Capital stock........ $5,370,500
Cost of equipment......
632,106 Funded debt......... 5,020,257
Crosstown St. Ry. bds.
350,000 Interest on funded debt
24,577
Cash on hand...
due and accrued......... 105,661
Open accounts.............
8,355 Bills payable........
541,787
25,151 Open accounts......
Supplies on hand.......
253,301
Sundries................
9,494 Sundries................
53,196
Profit and loss (surplus)
330,175
$11,674,877
$11,674,877
O fficers—President, Henry M. Watson; Secretary and Treasurer,
Joseph s. Baeeher. Directors (June, 1893): H. Sellers McKee, Cornelius
Cuyler, Thomas Cuyler, Edward Denniston, Horace Magee, Henry M.
Watson, Hardin Littell, Samuel Spaulding, Robert Fryer, George
Urban, Jr., John L. Williams, John Scateherd, Daniel O’Day.
7 ,
TOTAL MILES RUN IN 1893, ETC.
Gable.
Morse.
Electric. Inc.over’ 92.
5,053,050
1,537,430
5,483,380
M iles....................... 19,713,610
Receipts per m ile...
$19,965
$31,050
$38,148
Expenses do
...
9,921
24,863
13,660
Pass, carried 1 893.... 120,596,270 |Inc. over 1892 per day........$4,495
Increase over 1892... 32,577,409 I Ine.duringWorld’sFairp.e.. 90-69
Aver, receipts per day. $161,520 |Inc. bal. of year., p. c ........... 9-31
Chicago General St, B y .—(ELEOTRIO.)—Organized to construct
and operate electric street railroads in Chicago. At present operates
a line on West Twenty-second S t, but plans to construct electric rail
ways on a large number of West Side and North side streets. There is
to be a meeting of stockholders Nov. 26,1894, for the purpose of au
thorizing a $ 10,000,000 issue of bonds to be used in the construction of
such lines as are authoriz. d in the charter of the company.
L ease.—The company has leased the franchises of the old West &
South Town Street Railway Company.
Road .—At present operates four miles c f track, but contemplates
much additional construction.
Miles. I
MilesDouble track operated May and
Double track partly conJune, 1894............................... 3 [
structed.......... ................ . 5*5
July to November.......... .......... 4 |
OFFICERS.—President, Lawrence E. McGann.
Chicago N orth Shore St. B y . Co. (ELEOTRIO)—Has con
structed an electric-street railway, about nine miles long, from the
present terminus of the North Chicago Street Railroad Co. to Evanston.
In
that the bonds
B uffalo B y System—Crosstow n St. R y Co.—O RGANIZATION.— at November, 1894, it was announced guaranteed by on presentation
II iriois Trust Company would be
endorsement by
Chartered Feb. 1,1890. Is operated by Buffalo Railway Co.
the North Chicago Electric Ry.
S tock and Bonds— Bate. Interest. Outsanding. Maturity,etc.
S tock and Bonds—
Stock ($3,000,000)....................................
See text.
.......... .
$650,000
........
........
Capital stock...........................
Authorized to issue, as needed, bonds up to $1,500,000.
1 000)', fuar. p^i’.??.0.^ \ 1892 5 M .-N . $1,662,000
1932
Additional first mortgage bonds can be issued at $30,000 per mile for
Cicero & Proviso St. B y . Co.—(ELEOTRIO.)—Organized under
new construction certified by Secretary and President.
of
Owns
operates an
Stock—All the stock of the company is in the treasury of Buffalo Ry lawsthe Illinois. Cicero and Proviso, Cookelectric railroad in Chicago
and
towns of
and
County, 111.
Co. as security for the latter company’s guarantee of the $3,000,000
S tock and Bonds.
Par.
Outstanding.
Maturity.
5 per cent bonds.
Capital stock................ .
100
$1,000,000
............
Road—
Bonds.................................................
740,000
............
Length road owned by Go. Miles. I
Miles.
Road.—Operates 12 miles of track. It starts at West 40th St. and
Single track main line...........27-40 Tot. of alltr’cks & sid. owned.50-91
Chicago, and passes through the suburban
Sec. track main line and b r ..23-51 |Weight of rail per yard . . . . .. 6 2 lbs W. Madison St. in the City ofHarlem, Maywood, etc.
towns of Moreland, Austin,
ANNUAL REPORT.—Report for the year ending June 30,1893, shows:
Miles. Equipment.
No. o f ears.
1893.
11 Motor.......I .............. . ..................30
1893. Double track.................
Gross earnings..................$250,136 Interest due and accrued..$50,098 Single.................
3 Trailers.............................30
Net earnings................
83,234 Balance surplus year........ 24,019
Other income...................
1,547 Total surplus June 3 0 ..... 37,861
Total.......................................1 4
Taxes ...................
10,664
OFFICERS.—President, Geo. Butters ; Secretary, H. G. Foreman.
L ake Shore Electric B B . Co. of Chicago.—Incorporated 1894
under laws of 111., for the purpose of connecting Chicago with Milwau
C H IC A G O , I L L .
kee by electric line.
Incorporators are John L. Cochran. Clarence Buckingham, Dunlap
Calum et Electric Street B y . Co.—Incorporated 1890 under
laws of Illinois for purpose of constructing and operating an electric- Smith, D. D. Louderbach and Frank Hawkins.
C apital S tock is $10,000,000.
street railway between Chicago and South Chicago, consecting with
the Cottage Grove Avenue Cable Line, the Alley Elevated Road and
Illinois Central express trains.
N orth Chicago St. B B . Co.—Incorporated in 1886 underthelaws
STOCK and Bonds— Date. Interest. Outstanding. Last din., &c. of Illinois. Authorized by its charter to construct, purchase, lease, or
Stock ($100).............. .
.......«
........
$500,000
........
otherwise acquire, dummy, horse and street railroads in Chicago and
1st M. gold ($1,250,000)
Cook County and to maintain and operate tbe same. By the purchase
($1,000) 6s, c.*without
in 1886 of a majority of the shares of capital stock of the North Chi
deduction aste p. & i.. 1892 6 g. M--S.
1,000,000 Sept. 1,1912 cago City Ry. Co. it acquired control of the entire surface street rail
Trustee, Jennings Trust Company.
road system in the north division of Chicago. An operating agreement
Bonds are all subject to call at 110 to Sept. 1, 1902, and at 105 was entered into between these companies May 24, 1886, whereby
thereafter.
N. C. St. RR. Co. agrees to pay N. C. C. Ry. Co. a rental of $30 per
Also on and after Sept. 1, 1903,1-10 total issue to be bought or called share annually on its entire capital stock. Also guarantees the pay
yearly at par, be fore payment of dividends.
ment, principal and interest, of the bonded indebtedness and other
Bonds.—On Sept. 1, 1903, and each year thereafter, before pay liabilities of the North Chicago city Ry. Co.
ment of stock dividends, 10 per cent of total bonds shall be paid and
S tock and Bonds—
Date.
Interest. Outst’ding. Lastdiv.de.
cancelled at par with accrued interest, purchasing or drawing of called Stock ($10,000,000) ($100) . . . . Text. Q .-J . $5,500,000 Oct., 1894
lowest numbers to be paid first.
1st mortgage ($500). See) ---5
J .-J .
2,413,000
1906
te x t.......... ......................5 Trus. Fide’yln s. Tr. & Safe Dep. Co. of Phila.
Road—The company operates 54 miles of electric road, connecting
Certificates......... .................1891
6
J .- J .
500,000
1911
with Cottage Grove Avenue Cable, Alley Elevated and Illinois Central
Guaranteed—
express trains. Weight of rails is 78 pounds.
C. City Ry. Co. stock..............
Q .-J .
See text. Oct., 1894
OFFICERS—President, Robert Berger ; Secretary and Treasurer, H. N.lstm ort..................................... 30
6
J .- J .
500,000
1900
B. White.
2d mort. ($2,500,000)..............
4 ^ M.-N.
1,850,000
1927
Stock of N. Chi. City Ry. Co. not owned by N. Chi. St. RR. Co., $249,Chicago City B y . Co. (HORSE, GABLE AND ELECTRIC).— 900, receives an annual rental of $30 per share.
Incorporated under laws of 111. Feb., 1859, to construct, maintain and
Bonds—The original amount issued under the 1st mortgage of the
operate street car lines in city of Chicago. By the franchises granted N. Chi. St. RR. Co. was $1,500,000. Subsequent issues were made
from time to time, it has the virtual monopoly of all surface road priv under a clause in the mortgage which provided for the issuing (by and
ileges in south division of Chicago.
with the consent of the tnn-tee) of additional bonds for permanent im
STOCK AND Bonds— Date. Interest, Outstanding. Lastdiv., (Ê provements, in amount equal to 75 per cent of such improve ments.
c.
Stock ($100)................ ........ text J. - J.
See text.
Oct., 1894
Stock — The North Chicago City Ry. Go. stock is $500,000 ($100
Gen. M. $6,000,000 . )
Subject to call shares), of which North Chicago Street RR. owns $250,100, leaving
($100) ($500) ($1000) [ 1887 4 ^ J. - J.
4,619,500
on 60 days
$249,900 outstanding, on which 30 per cent per annum is guaranteed.
4 ^ ........................c* ) Trustee, C. L. Hutchinson.
notice.
Road—The company on Nov. 15, ’94, was operating 84 miles of road
STOCK.— Amount of stock was placed at 100,000 shares of $100
Miles. I
Miles
each, with right to increase the same at pleasure of the company;
Cable......................... ..............17
|
amount issued up to Dec. 31,1890, was $5,000,000. Jan. 2,1891, in Electric underground............ 1-75 1 Electric trolley .................14
------- *
creased to $6,000,000; July 13,1891, to $7,000,000, and in Jan., 1893,
to $9,000,000. In November, 1894, notice was given of an increase of H orse..................................... 51-25 | Total track operated........84
1891.
1892.
1893.
1894.
$1,000,000 to defray expenses of electrical equipment, making total Dividends,) for 1890.
percent. >
7
8
9
1113
12
stock $10,000,000. Stockholders may subscribe to new issue at par in
proportion to their holdings, new stock to be dated July 1,1895.
A nnual R eport —Earnings for year ending December 31, 1893,
B onds .— The bonds outstanding are of the denomination of $100, were as below (1893 being the year of the Worm’s Fair):
$500 and $1,000 each, and are secured by a general mortgage exe
1893.
1893.
cuted in 1887. By provision of the mortgage total issue is limited to Gross earns, from pass.$3,014,790 Insurance..............
13,430
$6,000,000 and the right is reserved to the company to redeem the Operating expenses.... 1,412,756 T a x e s ....:..............
46,185
bonds at any time on 60 days’ notice.
Depreciation..................... 10,000
Net.................
.....$1,602,034 Construction account to
D ividends .—Usually 12 percent, were in 1893 24 per cent.
Other in com e:
track renewal 1 8 9 3.... 41,235
Road — In 1893 company operated 160 miles of road, as follows :
Div. N. Chi. City. R y.
75,030 Dividends...............
618,575
Miles.
Miles.
Advertising account..
11,329
Cable r o a d . . . . . . . . . . . . . . . . . . . . . . . 35 H orse......................... ............... 98 Rental paid...............
263,084
Electric.. . . . . . . . . . . . . . . . . . . . . . . . . . 27 Total track operated............... 160 Interest.............................. 159,948
Balance, surplus, year. .$535,936
A nnual R eport .—Reports show the following, the earnings in 1893
Gross
Expenses <£
Dividends Total Sarp,.
having been influenced by the World’s Fair:
income.
charges.
Balance.
paid.
Dec. 31 .
1893..
..$3,101,149
$1,946,638
1893.
1892.
$1,154,511 11 ia p. c. $1,264,345
1893.
1892.
1892.. .. 2,611,259
1,858,713
Yr.end.Dec.31. $
$
752,546 ll^a p. 0.
728,409$
$
Gross earns.... 6,059,990 4,400,943 Int. on bonds.. 199,238 167,602
O fficers—President, C. T. Yerkes; Vice-President, W. F. Furbeck s
.
Op. ex. (56-75) .3,422,041 2,809,432 Cash div...... ..2,100,000 1,050,000 Secretary and Treasurer, J. W. Helm.
Bal., sur., y r.. 338,712 373,909
Net earns.......2,637,949 1,591,511
W e s t Chicago S treet B B . Co.—Incorp orated in 1887 under
NET EAHNINGS FOR 8 YEARS.
laws of Illinois, and operates the street-car systems in the West Divi
1893.......... $2,438,712 1890.......$1,139,897 1887.
$686,259 sion of city of Chicago.
1892.......... 1,591,510 1889........
845,339 1886.
619,253
L eases.—Control of the Ohi. W. Div. Ry. w as acquired through pur
1891.......... 1,338,882 1888..........
683,336
chase of a majority of its shares (6,251) of capita l stock, and the road
INVESTORS’
8
SUPPLEMENT,
V ol. O X .
leased at an annual rental of $35 per share, the principal and interest
R o a d — The company operates in the city of Cleveland “ an aggregate
o f Its bonds being assumed. By this same transaction the control of single track of about 9 6 ^ miles, practically all of which is double.”
the Chicago Passenger By. Co. was secured, the Chi. W. Div. By. Co. Also operates about 10 miles of suburban track.
owning a majority of its capital stock. The W. Chi. St. BE. Co.
Latest E a r n in g s — For the first 10 months of 1894 earnings were:
agrees to pay 5 per cent a year on capital stook of the Passenger By. Jan. 1 to Oct. 31,1894, gross, $1,083,992; net, $406,799..
Co. and to guarantee its fixed charges. In 1889 West Chicago Street
A nnual R eport—The consolidation was effected March 1,1893, and
BB. Tunnel Co. was leased for 999 years, the principal and interest of
its bonds being guaranteed, and annual toll was to be paid on each car the company makes the following statement for the ten months from
March 1,1893, to January 1, 1894.
passing through the tunnel.
Gross earnings.........................................................................$1,162,063 44
Date. Interest. Outstand’g. Last div., A c. Operating expenses.............. ...............................................
■
S tock and Bonds—
791,040 16
¡Stock, $20,000,000 ($100) text. 9 Q .-F $13,189,000 Nov., 1894
1st mort. 5s. Trus., 111.) 1888 5 M.-N.
Net for ten months.......................................................... $371,023 28
4.100.000 May 1, 1928
Tr. & Sayings Bank... )
At the above rate the net earnings for the current fiscal year (not
D ebentures........................ 1891 6 J .-D .
1.000.
000 June, 1911
withstanding the business depression) are considerably larger than in
Do
........................ 1891 6 J .-D .
1.000.
000 Deo. 1, 1911
1892. Total annual interest charge on $3,049,000 bonds outstanding
Guaranteed—
$161,450.
TV. Chi. St. BB. Tun. Co. 1st 1889 5 F. -A.
1.500.000 Feb. 1, 1909
Operated as separate companies, the properties showed for year
Chi. W. D. By. Co. st’k 100. . . . . $35 (?)
See text.
(?)
1892 :
30,000
Note sec’ d by trust deed. 1886 5 ........
..........
Gross e a r n in g s ................. ...................................................$1,324,504 43
1st mort. 4 1 ($1,< 00).. 1892 4is J. - J.
2S,
4.040.000 July 1, 1932
Operating expenses.............................................................
955,626 30
Cbio. Pass. By. Co. stock.. . . . . 5
(?)
See text.
(?)
1st mortgage................... 1885 6 F. -A.
400.000
1903
Net............................... .......................................... ............ $368,878 13
Con. M., $1,000,000....... 1889 6 J .-D .
600.000 June 1, 1929
See text.
OFFICERS—President, Henry A. Everett; Secretary, L. E. Beilstein.
Bonds.—The tunnel bonds are secured by first lien on real estate
and tunnel property in Chicago costing $2,515,000, including land
C O L U M B U S , O H IO .
costing $715,000.
C olum bus Street R a ilw a y Co. (TBOLLEY).—Organized in
Stock.—The West Chicago Street BB. Co.’s authorized stock was
$10,000,000, but the stockholders Jan., 1893, authorized anincreaseto May, 1892. Operates entire street railway system in city.
$20,000,000. In accordance with this additional issues were madeS tock & Bonds.—
Date, interest.
Outstand’g Last div., Ac.
April. 1,1893, $1,000,000; Aug. 1, 1893, $1,100,000, and Nov., 1893. Capital stock............................... See text. $3,000,000 Nov. 5,1894
$1,089,000.
Col. Con. St. By. 1st M.t g..l889 5 g. J. - J.
780.000 July 1,1909
Chicago West Division Stock is $1,250,000, of which $625,100 is owned Col. St.Ey.lst$3,000,000|1892 5 o- j _ j
2,220,000 July 1,1932
b y the west Chicago Street Co., the remainder ($624,900) being guar
Bonds, int. 'guar.—
anteed 35 per cent yearly under the lease. Chicago Passenger Bailway
75,000
stock is $1,000,000, of which $750,000 is owned by the Chicago West Underlying bonds..............
T r»
Division By. The West Chicago St. BB. Co. guarantees 5 per cent on Crosstown 1st mort., $2,-1 1QOq
325.000 June 1, 1933
000, gold.................. .c* ) lsyd 5
the entire amount under operating contract.
D iv id e n d s — >1889.
1890.
1891. 1892. 1893.
1894.
per c e n t..) 5
5
4%
8%
9
9 (2i4 quar.)
R o a d .— The company Jan. 1,1894, operated 185 miles of track, a8
follows:
Miles.
Miles.
H orse......................................... 151 Total track operated..
185
Cable........................................... 34 Weight of rails........... 43 to 90 lbs.
A nnual . R e p o r t — The President of the company, in his annual
report, states that the increase in the capital stock of the company has,
in a great measure, been used to pay off the floating debt; consequently
the amount of dividend necessary to be paid on this increase amounts
to a little more than the interest necessary to be paid in carrying the
floating debt.
The report for the year ending Dec. 31,1893, is as follows:
1893.
1892.
1893.
1892.
Gross earn.$5,235,634 $4,620,225 Fixed ch’gs. $941,749 $895,075
Op. exp’ns’s
Dividends pd. 991,559 725,000
(55-25).... 2,892,982 2,687,311 Bal sur. y r___ 409,343 312,839
Total surplus
Net ea rn ....$2,342,652 $1,932,914
Dec. 31..„..1,400,902 1,037,839
"OÌF-FICERS.—President, C. T. Yerkes; Sec. and Treas. G. A. Yuille.
C IN C IN N A T I, O H IO .
Bit. A d am s & E den P a rk In clin ed R E
STOCKS AND BONDS- Par. Interest.
Outstaning. Last Div. Ac.
S t o o k ........................... .
50 5% Q - J 10 $1,600,000 Oct. 10,1894
1st mortgage........................... 6 A -O
50.000
Oct., 1895
fj
“
. . . . 6 A -O
50,000
Oct., 1900
“
f
. . . . 6 A -O
100,000
Oct., 1905
Consol. Mortgage.................... 5 M -S
530,000
Mch.,1906
C incinnati Street R y . Co.—(ELEGTBIC AND OABLE)Interest. Outstanding. Last div., Ac.
S tock an d Bon ds—
Par.
Stock ($10,000,000............ 50
5 Q.-J. $10,000,005
(?)
Consol. Street mort...................
7 J .-J .
50,000 July, 1895
do
do
...................
7 J. - J.
50,000 July, 1896
Consol. Street ext. mort...........
4 J. - J.
100,000 July, 1896
do
do
... ..
5 J. - J.
100,000 July, 1896
R o a d — Company Nov. 10,1894, operated 147-56 miles of track in the
city of Cincinnati, Ohio, extending also to adjoining suburbs.
Miles.
Mainline (trolley)................ 132-13 Total track operated............147-56
Main line (cable).................. 15-43 Weight of rails 52 to 95 lbs.
C L E V E L A N D , O H IO .
C levelan d City R a ilw a y Co.—(GABLE)—Chartered in 1893. It
is a consolidation of Superior St. and Payne Avenue B. B. and St
dair Street B. B., forming the old Cleveland City Cable By. and the
Woodland Avenue and West Side B. B.
S tock and Bonds— Date, interest. Outstanding. Maturity.
«took (100) ..................................................
$7,000,000
........ ! . . .
d e v e . City Cable By ) 1889 5 J. - J.
1,884,000 July 1,1909
gold $ l,00 0 c.*r.lst M ) Trustee is
R o a d — The company operates 72 miles of track in the city Cleveland.
‘
Weight of rails 82 98 lbs.
Bonds.—The first consol, mortgage of 1892 is for $3,000,000, of which
$780,000 are in hands of trustee (Knickerbocker Trust Co., N. Y.) to
retire the Col. Consol. St. By. firsts. The Crosstown Street By. 1st M. is
for $2,000,000, of which the balance unissued may be sold for exten
sions at $30,000 a milej; $90,000 of this mortgage is' reserved to take
up $75,000 underlying oonds. Principal and interest guaranteed by
Col. St. By. Co., which owns all the stock and operates the property
under a perpetual lease.
DIVIDENDS—N ov.,1892, 1 per cent; Feb., 1893, 1 per cent; July,
1893,1 per cent; Nov., 1894, Ha per cent.
Road .—Operates 60 miles of track in Columbus, etc., as follow s:
Boad owned.
Miles. I
Operates under contract. Miles.
Main line.................................... 46 |Glenwood & Greenlawn St.......... 5
Boad leased.
Crosstown St. By........................ 9 |
LATEST E arnings— lo mos. ) 1894, gross, $470,254 ; net, $248,509
Jan. 1 to Oct. 31.
(1893, gross, 451,611; net, 170,779
For the nine months ending Oct. 1,1894, the following statement
is made:
Gross receipts......................$418,734 I Total net income.........$223,385
Net........ ............................ 220,952 I Fixed charges................... 132,307
Other income........................
2,433 I Balance, surplus........... 91,078
I Total surp. on Oct. 1, ’ 94. 133,323
A nnual R eport — The company’s gross earnings increased about
125 per cent in the six years, 1887-1893, the yearly increase averaging
about 21 per cent. For the calendar year 1893 the earnings, under
peculiarly adverse circumstances, were as follow s:
Gross earnings......................... $536,289 I Net earnings.„ . . . ......$203,890
Operating expenses........ 332,399 |Total fixed charges.......... 156,000
This showing was made in the face of great difficulties, part of the
line being under construction, and a detour of a mile around the depot
being necessary by reason of the construction of the railroad viaduct.
OFFICERS—President, E. MoMillin; First Vice-President and Treas
urer, E. K. Stewart; General Manager, W. F. Kelly.
Index —Vol. 59, p. 737.
C O V IN G T O N , K ¥ .
C incinnati N ew port & C ovington R y . Co.—A consolidation
in 1892 of the Newport & Cincinnati Street BB. Co., Cincinnati & N ew
port Street BB. Co. and the South Covington & Cincinnati Street By.
Co. It also owns a majority of the shares (6,436 out of total 10,000)
of the South Covington Street By. Co.; also the entire capital stook o f
the follow ing: Newport Electrio Street Ry. Co., $100,000; Cincinnati
Covington & Bosedale Street By. Co., $100,000; Covington & Latonia
BB. Co., $50,000.
STOCK a n d B o n d s —
Date. Interest. Outstanding. Maturity.
Stook ($100)....................................
. . . . $3,000,000
Underlying Bonds—
So. Covington & Cin. St.
M -S
250,000 Mch., 1912
By. Co. 1st M.................. 1882 6
2d consol, mort., gold........ 1892 6
J -J
150,000 Jan. 1,1932
Newport & Dayton St. By.
l s t m ................................ 1887
....
100,000 Aug. 1 ,1917
Cincinnati Newport A Covington
1st consol, mort., gold, $3,- ) 1892 5 g. J - J
3,000,000 July 1,1922
000,000 ($1,000).. .c* & r ) Trustee Farmers’ Loan & Trust Co. of N.Y.
Bonds— the ls i consolidated of 1892 sufficient are deposited with
‘Of
the trustee to retire all the underlying mortgage bonds.
R o a d .— Connects Cincinnati, Newport, Covington, Dayton, Bellaren,
Ludlow, Latonia. Total in operation Oct. 1,1894, 60 miles ; laid with
80 Johnston girder and on Fort Thomas line with 72-pound “ T ” rails.
Latest E a r n in g s .— From Jan. 1 to Oct. 31 (10 months), earnings
w ere:
Gross earnings, 1894....... $410,447
Gain.............. ..............$77,232
Gross earnings, 1893....... 333,215
Gain............................ 82,527
Gross earnings, 1892........ 250,688
A nnual R eport .—Earnings for the years named have been as fol
low s:
Year ending December 31,1893, gross........................................ $403,063
Year ending December 31,1892, gross........................................ 305,744
Six months ending December 31,1891, gross............................. 141,173
Cleveland E lectric R y . C o .—This system is a consolidation of
Mar. 1,1894, of the East Cleveland BB.,Broadway & NewburgSt. BB ,
Brooklyn St. BB. and South Side BB. companies, all of which for many
;years had been in successful operation. It shares with one other com
pany the entire street railway business of the city of Cleveland.
Date. Interest. Outstand’g. Last div., etc.
S tock and Bonds—
¡Stock ($100)............ .
.....................
$12,000,000
Bonds assumed—
E. Clev.BB. IstM .($1,000) 1892
5 M -S 1,000,000 Mch., 1910
Brooklyn St. 1st $1,000... 1883
6 M -S
300,000 Sept. 1,1903
do mort. 1890 $1,000... 1890
6 M -S
300,000 Sept. 1,1903
¡South Side 1st $1,000....... 1888
6 M -S
300,000 Sept. 1,1903
Cleveland Electric By.—
1,149,000 Mch. 1,1913
■Gon.M. ($1,000) gold.e*<fcr 1893 5g. M -S
Trustee, Central Trust Co.
Consols o f 1803 for $1,900,000 are reserved to retire the bonds
D E N V E R , CO L.
¡••assumed, and the company can issue bonds in addition to those aforeD enver C onsolidated T r a m w y .—Consolidation in
¡mentioned and now outstanding only for the following purposes: Denver Tramway and Metropolitan St.aBB. Co. Owns 18 miles 1893 of
of cable
Bonds for $451,000 (making $3,500,000 in all) for the sole purpose of
) making improvements and purchasing additional equipment. Bonds road and 35 miles of elecrio railway in the city of Denver Col.
Interest.
Outstand’g.
S tock and Bonds— Date.
Maturity.
iln excess of $3,500,000 cannot be issued except for 85 per cent of the
$3,000,000
•cash cost of extensions of mileage and increase of plant, bat in Capital stock ($100 sh.).......
6 g. J.-J.
498.000 July 1,1908
w event for all purposes in excess of $25,000 for each additional mile Denver Tramway 1st, g. 1888
Consol. M., gold. .c*&r.1890
6 g. J.-J.
1,219,000 Jan. 1 ,1 9 1 0
of track, and then only when the net earnings for the twelve months
6 g. J.-J.
953.000 Jan. 1,191
preceding are equal to at least double the amount of interest on bonds Met. St. BB. 1st, gold ... 1891
See text Ost. 1 ,1 » J
already outstanding and proposed to be issued. The bonds are a first Denver Con. Tramway ) 1893 5 g. A. - O.
Con.M.,$4,000,000, ir ( Interest at Mercantile Trust Co., N. Y,
lien on the Broadway & Newburg system and on all extensions made
an d property acquired subsequent to the consolidation.
Par—Bonds are all $1,000,
N ovember , 1894.]
STEEET
Bonds—The consolidated mortgage of 1893 is for $4,000,000, of
■which $2,670,000 reserved to retire prior liens (see table) and $800,000 were to fund floating debt and balance for improvement. Full
abstract of the consol, mortgage of 1890 was in V. 52, p. 354.
LATEST E a r n in g s .— Jan. 1 to Sept. 30 (9 mos.), 1894, earnings were:
9 mos.
dross.
Net.
Charges. Bal., surplus.
1894.............. $548,436
$208,744
$159,475
$49,269
1893.............. 690,618
231,672
125,752
105,920
A n n u a l R e p o r t .— For year 1893 earnings were as follow s:
Gross earnings................. $861,509 Interest...............................$158,905
Net.......1 ............................ 273,246
------------Other income...................
8,805
Bal., surplus................... $123,140
OFFICERS—President, Rodney Curtis; Secretary, William G. Evans;
Treasurer, F. A. Keener.
O f f ic e — Denver, Col.
INDEX.-V. 55, p. 1036.
KAILW AYS.
9
Interest. Outstanding. Maturity, etc.
S tock and Bonds- Date.
Capital Stock...........
(?)
............
Bonds assumed—
Kansas City Cable) 1887 5
A -0
$1,350,000
Apr., 1897
1st mortgage......... 5 Interest at New England Trust Co., Boston.
Grand Avenue Cable) 1888 5 g. J - J
$1,200,000 July 10, 1908
1st mort., gold— c ) Trustee, Central Trust Co.
Kansas City Cable By.—
Coneolid’d mortgage > 1894 5 g. M-N
See text May 1, 1909
$5,000,000, g..c*<fcr 5Interest at office Central Trust Co., trustee.
Of the consolidated mortgage bonds of 1894,$2,110,000 were issuable
at once to retire outstanding bonds as follow s: $480.000 to retire at
60 $800,000 Kansas City & Independence Rapid Transit bonds, and
$1,630,000 only in exchange at par for Kansas City Cable bonds
secured by a mortgage of April, 1894. Sufficient consols additional
are reserved to retire at maturity the prior liens assumed as per table
above. The consolidated coupon bonds are for $100 or multiples
thereof, and the registered bonds for $1,000 or multiples. The bonds
are to be paid principal and interest without deductionfor any tax which
the company shall be required to pay thereon or deduct therefrom.
DULUTH, H IM ,
Road .—Nov. 1, 1894, the company operated 30-85 miles of cable,
horse and and steam road.
D u lu th S treet H a llw a y (TROLLEY).—Organized under act of
M
ilas
JM fsS
U
Minnesota approved Nov. 17,1881, and possesses “ an exclusive fran Kansas City Cable Ry.’(cable).10-5 Kansas City & Indeped’ce
chise” upon exclusive terms, doing the entire street railway traffic of Grand Avenue Ry.—
Rapid Transit Ry. (steam). 8-16
the city. Thomson-Houston system.
Cable........ ............................ 8-57 Total track operated..............30-85
Horse.......................
1-75 Weight of rail....................... 56 lbs.
STOCK and Bonds.
Date. Interest. Outstand'g. Maturity.
Steam.................................... 1-87
Capital stock.................................................... $2,000,000
New.
1st consol, mortgage.......... 1890 6 J-J
100,000 Jan. 1, 1930
L O U IS V IL L E , K Y .
do
do
. . . . . . . . . 1890 5 J-J
900,000 Jan. 1, 1930
Consol, mortgage, gold...... > 1894 5 g J-J
1,000,000 July 1,1924
L ou isville R y . Co. (K y .) (TBOLLEY AND M ULE).—A Ken
$2,500,000 ($1,000)___o* >Interest at Manhattan Trust Co., trustee.
tucky company, owning all the street railways in the city of Louisville
The consol, mortgage of 1894 is for $2,500,000, of which $1,000,000 and its suburbs, aggregating 145 miles of track, of which 90 miles
reserved for prior liens and $500,000 held in trust for future better operated with electricity, the remainder with mules. The real estate o f
ments and extensions. “ By special provision of the mortgage none of the company is valued at $750,000.
the $500,000 bonds held in the treasury can at any time be issued
STOCK & Bonds.— Date.
Interest.
Outstand’g Last div., <fc.
except for actual property acquired or additions made, and only when Com. stock ($100 sh.).. ..............................
$4,000,000
None paid.
the net earnings o f the company for the preceding twelve months Pref. stock 5 p. c. cum........
Text A .- O.
2, 000,000 Oct. 1,1894
have been at least equal to the interest upon all outstanding bonds, Louis v. City Ry. mort. 1877 6
J .- J .
79.000 July 1 ,1897
and also upon the amount proposed to be issued.” Principal and
do
do M., gold.1884 6 g. J .- J .
609 000 July 1,1909
interest must be paid without deduction for any Minnesota or United Citizens’ Pass. Ry. M .. 1866 6
J .-J .
175.000 July 1, 1896
States tax.
Central Pass. Ry. M ... 1883 6
M.-N.
95.000 Nov. 1,1902
do
do do ...1888 6
M.-N.
305.000 Nov. 1, 1908
G u a r a n t y .— “ While it is believed to be beyond a doubt that the
company will earn a substantial surplus over fixed charges in 1894 Louisv. Ry. Cens. M.,
a\ \
.
l
wv/ "
4,737,000 July 1,1930
g ojlxdj, , $6.000,000 /t 8^ ° 5 S- J -_ J and each and every year thereafter, the bondholders have an additional
(listed Ni Y .). . . . .c* 5 Intere8t payable by Seligman & Co., N. Y.
security in that the capitalists of Duluth, who have brought the
property to its present state of perfection, guarantee the interest upon
S tock.-April 1, 1892, pref. stock was increased from $1,000,000 to
the $2,000,000 for two years, and furthermore contract to manage it $2,000,000 and common stock decreased from $5,000,000 to $4,000,000.
for a like period without charge for salaries or services.”
Dividends—On pref. in 1892, 5 p. c.; 1893, 5; 1894, 5. Prior to’ con
ROAD-SYSTEM.—'The system, which embraces about 30 miles of single solidation old company for sixteen years paid dividends of 6 per cent uer
track, is double-tracked over almost its entire length. The physical annum.
condition of the property is said “ to be in the highest order.” A
L atest E arnings.—For ten months ending Oct. 31 earnings were:
through line will be operated to West Superior, the road being already
Gross.
Net earn.
Taxes.
Interest.
Balance.
completed to the place, where by a distinct and separate company, the . 10 mos.
1894.......... $980,423
$453,642
$37,000
$261,210
$U55 431
bridge is to be built.
434,388
32,507
261.667
140,214
LATEST E a r n in g s .— For the first three months of 1894 the net 1893...........1,072,706
A nnual R e p o r t — Fiscal years ending Dec. 31 earnings have been as
earnings increased $3,546 over same period of 1893. “ This is the
poorest quarter of the year for street railway traffic and the quarter of IOllOWS!
Year.
1893.
1892.
Year.
1893.
1892.
heaviest operating expenses.” For the first four months of the present
fiscal year the net earnings were as follows: July, $10,790; August, Gross earn..$1,281,993 $1,270,827 Rentals, &c...........$37,903
N et........
512,840
481,378 D ividends.......(5) 87,500 37,500
$10,490; September, $10,753; October, $11,734.
Interest pd. 314,000
314,036 Bal., surplus........ 73,437 129,841
A nnual R e p o r t .— Fiscal year changed to end June 30. For year
O fficers—President, J. B. Speed; Secretary and Treasurer, R. H
ending December 31 net earnings w ere:
Watts.
’
*
1893.................... Net earnings, $100,666....Increase over 20 per cent.
M IN N E A P O L IS , M IN N ..
Increase over 82 per cent.
1892.................... Net earnings, 84,583
18 9 1.......... ........ Net earnings, 46,000
T w in City R a p id T ran sit (CABLE et ELECTBIC)—
(SeeMan j ~
This company, witn a capital of $20,000,000, of which $15,000,000 has
The increase in 1893 was in spite of the business depression.
been issued and $5,000,000 is still in the company’s treasury owns
controls and operates, under exclusive charters, all the street railwav
lines of the two cities, Minneapolis and St. Paul.
H O B O K E N , N. J.
The entire system now consists of 218 miles of standard-gauge road
Nortli H u d so n County (Street) R y . (HOBSB AND ELEC- of which 212 miles is electric and 6 miles cable, all of which has been
TBIO.)—Owns about fifty miles of street and elevated cable lines in recently built or rebuilt, and thoroughly equipped. A double-track elec
Hoboken, N. J., and vicinity, upon all of which electricity is being tric line, 9 miles long, connects the business centres of the two cities.
.introduced
STOCK AND BONDS— Date.
Interest. Outstanding. Last div etc
S tock & Bonds—
Date. Interest. Outstand’g. Last div., etc Twin City Bap. Tran.—
St’k (au. $20,000,000) 1 .............................$15,000,000
None.
Stock auth’d $1,250,000 ($25) . . . . See text. $ 1, 000,000
(?)
1st mortgage ($1,000)................... 6 J. - J.
620.000 Jan. 1,1914 Mmn. St. By. Co.ls t M., g.,red. atil05 ) , QQn
Consol, mort. ($3,000,000))
370.000 Nov. 1, 1910
yearly.
5 1880 7 g M. - N.
$620,000 to retire lstM .c*> 1888 5 J. - J.
2,378,000 July 1,1928
2d mort.,gold...c*&r 1883 6 g M. - N.
2d mortgage ($1,000)........ )
5 M. - N.
350.000
(?)
600.000 Nov. 1, 1913
1st consol, mort. gold,
Debenture 6s ($1,000)........... 1892 6 F. - A.
500.000 Feb., 1902
$5,000,000.......c*<fer 1889 5 g J .ij-J .
4,030,000 Jan. 15,1919
A nnual R eport —Report for je a r ending Dec. 31,1893, shows:
St. Paul By. Co.—
$888,995 Other income___1893
$11,822
1st consol. M., gold.. 1884 6 g A. - O.
680,000 Oct. 1, 1934
Gross earnings..
860,322 Fixed charges.. .1893
223,350
Cab. con., g., see: text. 1887 5 g J .r j- J.
3,482,000 Jan. 15,1937
Oper, expenses___1893
696,496 Bal., deficit, yr... 1893
19,028
Debentures, gold....... 1890 6 g M. - N.
1,000,000 May 1, 1900
D ividends — A stock dividend of 40 per cent was paid in July, 1892, to
All bonds are for $1,000 each, and interest is payable at Farmers ■
represent surplus earnings expended on property. Dividends 1891, 8 Loan & Trust Company, New York.
v J
a mers .
per cent; 1892, 8 per cent.
Bonds.—The Minneapolis Street Bailway Co. jointly and severally
J’Jtb the Minneapolis Lyndale & Minnetonka Railway Co. has issued
O fficers—President, M. Tierny; Secretary, T. J. Malloy.
$5 000 000 (which includes $970,000 held in trust by the F a rm e rs ^ a S
Index—Voi. 59, p. 146.
&Trust Company to redeem the $970,000 prior lien bonds), 5 percentffi^
year first mortgage and first consolidated mortgage gold bonds
The St. Paul City Bailway Company has issued $4,280,000 5'ner centIN D IA N A P O L IS , IN D .
50-year cable consolidated bonds (including $686,00(5 held bv th«
Citizens’ Street H R . o f In d ia n ap olis (ELECTBICITY).— Farmers’ Loan & Trust Company, trustee, to redeem the $680,000 prior
Formed in 1893 to control street railways in Indianapolis. A rival hen bonds above) under a mortgage limited to $5,500,000. Under
company known as the “ City” Company was formed and its pro the mortgage these bonds can only be issued against the actual cash
jectors claimed that the charter of the Citizens had expired on Jan 1 cost of construction, under a mileage limit of $15,000 per mile Part
1894. In October, 1894, in the United States Circuit Court, it was of these consols ($1120,000 on Dec. 31,1893) are guaranteed principal
held that the charter and franchise were perpetual. It was said an ap and interest, by endorsement of Twin City R T Co
’ p mclpal
peal would be made to the United States Supreme Court.
The Minneapolis Street Bailway and St. Paul City Bailwav have
each issued to Twin City Rapid Transit 6 per cent certtflcates ofDate. Interest. Outstanding. Dividends,etc.
S tock and Bonds
indebtedness (of 1893) for $1,000,000, total, $2,000,000, whose ^ -p a y
Capital stock ($100;..................
$5,000,000
from January
Citizens’ St. Ry. ($1,000). ¡.1881
J -J
300.000 July 1,1901 ment covers three years the Twin City R.1. 1894. Th4se certificated
(notes) are guaranteed by
T. Co.
80 certificate»
Citizens’ St. RR. ($1,000)) , aao
J'-D
700.000 June 1,1896
subject to call................5
Earnings.—10 months,
gross, $1,652,053; net, $908,093:
Jan. 1 to Oct. 31.
Citizens’ St. Ry. consol.) 1893 5 g. M-N
3,000,000 May 1,1933
1893, gross,
1,846,194; net.
774,819'
m. $4,000,000 gold, .c* $ Trustee Solicitors’ Loan & Trust Co”, of Phila,
A nnual R eport .—Report for 1893 in Chronicle V 58 t
>
Bonds—The consol, mortgage of 1893 is a straight mortgage (no showed results on the entire property. During the venr
-i§L r “ 5C lL
sinking fund), and the bonds, principal and interest, are payable “ with spent for improvements and equipment. UI“ 8 Tne year $750,16/ was
out deduction for any tax or taxes which the said railroad company
Earnings—
.
1891
1892.
by any present or future laws of the United States or of the State of Passengers...................................... $1,814,740
1893.
Indiana may be required to pay upon ahy of the property mortgaged Miscellaneous...............................
5 853 $2,136,657 $2.164,925
50,922
for the security hereof, or which said company may be permitted or
24,232.
required to retain from the principal or interest on account of any
Total gross earnings...............$1,820,593 $2,187,579
such tax or taxes.”
$2,189,157'
Operating expenses..................... $1,081,302
OFFICERS.—President, August L. Mason.
Insurance, and ta x es...................
61 467 $1,309,274 #1,264,408
74,579
70,109
Injuries and damages, e t c ..........
55,234
65,290
116,051
K A N S A S C I T Y , M O.
Net earnings.........................
$622,570
$738,436
$738,589
Deduct—
K a iu a s City Cable R y . C o.—(CA BLE HOBSE AND STEAM).— Interest on funded & float’g debt
$474,360
Chartered in 1894—a consolidation of the Kansas City Cable Railway, Contingent expenses, etc............ $306,756
$611,491
4,837
23,511
Grand Avenue Railway and Kansas City & Independence Rapid
10,808
Transit Railway. fj
Surplus for year..................... $310,977
$240,565
$116,290
NVESTOKS’
SUPPLEMENT.
[V ol. l i x
STREET RAILW AYS
N ovember , 1894.
11
Balance S heet .—T win City Rapid Transit Company condensed
Interest on consol. 5s is payable in Philadelphia and in Newark; on
balance sheet of December 31,1893, is as follows
other bonds at, Manhattan Trust Co. of N. Y.
Assets.
Liabilities. .
Consol. Bonds—Ot the $6,000,000 consols, authorized $1,600,000 are
Securities in treasury. $15,000,000 Capital s tock .............. $15,010,000
reservedto retire liens. The consdls. are to be paid, principal and in
Minn. St. Ry. notes...
1,000,000 Guaranteed notes—
terest, without deduction for any tax which the company may be re
St. P. City Ry. notes.
1.000,000
Minn. Street Ry ...
1,000,000
Cable 5s...................
1,220,000
St. Paul City R y___
1,000,000 quired to retain therefrom by any law of the United States or the
State of New Jersey.
Debenture 6s ..........
581,000 Guaranteed bonds—
Dividend. -F irs t dividend (1 per cent) was declared in June, 1894.
75,000
Bills receivable.........
St. P. C. Ry. cab. 5s.
1,120,000
•Sundry accounts.......
3l,491
581,000 „ L ease and R ental—Rental under the lease was $60,000 till June 1 ,
Debenture 6s.......
Bills payable..............
75,000 1894, then $90,000 till June 1,1895, thereafter $105,000 yearly,
M.St.Ry. & St.P.C.Ry.
31,491
Earnings are included in reports of Consol. Traction Co. of N. J. and
are not reported separately.
$18,807,491
$18,807,491
O fficers—President, Thos. J. Wilson; Sec. and Treas., E. C. Clay.
T w in City R apid Transit Company System .—The consolidated
balance sheet (condensed) o f the Minneapolis Street Railway and the
St. Paul City Railway companies for Dec. 31,1893, is as follow s:
STEW H A V E N , C O M
Liabilities.
N e w E n g la n d St. B y . C o .—Incorporated in February, 1893,
R ight of w ay............... $9,040,000 Capital stock............... $10,000,000
under the laws of New Jersey, to control street railways in the New
Real estate & build’gs 2,633,142 Minneap. Street Ry.—
States. In Nov., .
controlled a large majority
Roadway, track, etc.. 7,508,848
Fund, debt (see abv.) 5,000,000 England the Winchester Av. 1894,Co. of New Haven, Conn., and of the
stock of
RR.
a
Equipment.................. 3,135,195
Mortgage notes.......
97,100 control of the-Plymouth & Kingston Ry. Co. of Plymouth, Mass. alsois
Machinery and tools..
890,999
Certificates, 6 p. ct.. 1,000,000 no longer interested in the Haverhill and Gtoucester companies. It
Fixtures, e tc .... . . . . .
40,239 St. Paul City R y.—
STOCK.—
Par. Dividend.
Outstanding.
Last Div.
Notes & aco’ts reo’ble
143,504
Fund, debt (see abv.) 5,162,000
Cash on hand.............
205,500
Mortgage notes.......
17,500 Cap. st k $50,000,000) . . . . text Q .-J. abt. $1,000,000 Oct. 1 5 ,’94
authorized.............. 5 Dividends have been: 1 p. c. quar. (4 per an.).
Supplies on hand......
77,567
Certificates, 6 p. ct.. 1,000,000
Insurance, etc...........
24,444 Bills payable...............
355,375
Earnings.—The latest earnings were as follow s:
Vouch., pay-rolls, etc.
154,592
Week ending Oct. 20—
1894.
1893.
Inc.
Dec.
Acc’ d int’st (not due).
202,667 New Haven........................... $3,512
$3,016
$495
Income acct. surplus..
710,204 Plymouth & Kingston..
450
479
$28
$23,699,438
$23,699,438
Total................................ $3,962
$3,495
$466
I n d ex .— V. 58, p. 86 5 .
Two systems :
Fiscal Agents, J. Kennedy, Tod & Co., 45 Wall Street, N. Y. (V. 56, p. 2 0 days O ctober..:............... $11,991
$10,199
$1,792
4 6 1 ; V. 58, p. 865.)
9 months and’20 d a y s 197,739
184,282
13,456
(3s___
O fficers; 1 Président, Major A. C. Pond. Office, Boston, Mass.
N E W A R K , A. J .
C o n s o lid a t e d T r a c t io n o f N e w J e r s e y .—Incorporated in
March, 1893, to acquire control of street railways in New Jersey.
•January 2,1894, leased for 999 years New Jersey Traction Company
•(which see) and so Newark Passenger Railway, also secured the Jersey
City < Bergen road. System reaches from Jersey City to Newark,
6
Orange, Elizabeth, etc.
C apitalization on Nov. 16,1894.—An official statement of Nov. 16,
1894, gave the following :
Stock authorized........ .......................................................
$15,000,000
Stock outstanding............................ ................................... .. 15,000,000
•Stock-paid in . . . . . . . . . . . . . . . . . . . ..... ........ .......... . . . . . . . . . . . . 15,000,000
Mortgage to Manhattan Trust Company, trustee.
First mortgage, $1,000, 5 per cent gold bonds.....................$15,000,000
Outstanding........................................................................... 1 1,500,000
Underlying Bonds.
Newark Passenger Railway 5s................. . . . . ...................... $4,400,000
Orange & Newark Railway
Newark & Bloomfield Railway
Belleville & Newark Railway
See Newark Pass. R y...
1,600,000
, Newark & Irvington Railway
Essex Passenger Railway
J
Jersey City & Bergen R ailroad............................ ............
258,000
TOCK& Bonds Nov.,’94. Date. Interest. Outstanding.
Maturity.
took, all paid in............... ............... ...... $15,000,000
1st mortgage, gold..........)
1893 5 g J -D
11,500,000 June i , 1933
$15,000,009 ($1,000).. 5 Interest atManhattan Tr. Co., N. Y., trustee.
The gold bonds of 1893 are free from tax and secured not only by
mortgage, but also by deposit of 9,989 shares of J. C. & Bergen RR.,
6,000 shares Newark Plank Road Co., and 991 shares of Jersey City
Harrison & Kearney Railway Co. $7,000,000 of bonds were retained
by the trustee to be issued from time to time to an amount equal to 75
per cent of the actual cash value of extension, betterments, equip
ments, or new construction, as certified to under oath by Consolidated
Traction Company, but the trustee may require further evidence if in
its judgment the same is necessary. These bonds may also be issued
to acquire stock or property of other corporations owning or operat
ing street railways, provided the consent of the trustee is obtained.
Shares, loans or other properties so acquired are to be deposited with
trustee as further security for this obligation of the company.
RoADi—An official statement of Nov. 16,1894, showed the following
as to roads then operated by the Consolidated Traction Company :
Roads Absorbed — Operated since Roads Operated since Apr. 20, ’ 94.
January 1.
N. Y. & Newark Line, connepting
N. J. Traction C o _ Stock owned.
_
Newark and Jersey City over
Newark Pass’ger Ry. Stock owned.
Plank Road.
Rapid Transit St. Ry.Leased.
J. C. & Bergen R R .. .Stock owned. Total miles of track in oper’ n, 153
J. C. Har. & K. RR...Stoek owned.
Newark Plank Road.Stock owned. Under construction, 28 miles.
OFFICERS.—At the annual meeting held at Jersey City November
16, 1894, the following were elected: President, E. F. C. Young,
Vice-President, Frank Thomson, and among the directors were
E. F. C. Young, John D. Crimmins, P. A. B. Widener, C. A. Griscom,
A. J. Cassatt, Frank Thomson, Wm. L. Elkins, Thomas Dolan, E. B.
Gaddis, Wm. J. Sewell, B, M. Shanley, J. D. Mackey;
t
C onsolidated T ra ctio n System—Jersey City & B e r ;e n
Owns 28 miles of track from Jersey City to Bergen Point.
STOCK & Bonds—
Date. Interest.
Outstand'g Last div., <tc.
Stock............................................................... $1,000,000
(Î)
1st mortgage ($1,000).. c*. 1873 7 J . - J .
258,000 Jan. 1,1903
A nnual R eport—
Year, ending Dee. 3 1 , 1802.
I Interest................... ..........$18,060
Gross earnings.. ............. $589,290 Dividends................. ..........100,000
Net earnings.................... 143,355 I
OFFICERS—President, Charles B. Thurston; Secretary, H. C. Ross.
JNDEX—Vol. 58, p. 62.
R
Consolidated T raction Co. o f N. J .—N ew ark Passenger
(MOSTLYELECTRIC).—Incorporated June 16, 1890. On July 29,
1893, leased to New Jersey Traction for 999 years, and so controlled
by the Consolidated Traction Co. of New Jersey, as below stated, the
N. J. Traction Co. having been leased to the Consol. Traction Co. of
N. J. Jan. 2,1894, for 999 years. The roads whose bonds are in the
table were included in the consolidation by which the Newark Pass.
Co. was formed, except the Newark & Irvington, which was assumed
when that road was purchased. Charter said to be perpetual.
STOCK AND Bonds—
Par. Interest. Outstanding. Last div. < c.
&
Stook.i....................... ........ $100
Text.
$6,000,000
June, 1894
New & Blm. St. Ry. 1 s t.... «3© 6 F -A
------- 100,000 Feb. - - - 1,1901
Orange & Newark cons__ o 2 6 A -O
496.500 Apr. 1,1905
Essex Pass 1st m................
9 M-N
753.500 Nov. 1,1905
Belle. & Newark 1st m ___7 J -D
200,000 June 1,1900
Newark & Irvington 1st ..1,000 6 J -D
50,000 June 1,1900
Newark Passenger, cons. ; 1,000 5 g. J - J
3,604,000 Julv 1,1930
1890, $6,000,000 g..c*
Trustee Solicitors Loan & Trust Co., Phila.
N ew H a v en Street R y .—Operates street railway in New Haven,
extending to Morris Gove, Lake Wkitney, etc.
S t o c k AN Bonds—
D
Date. Interest. Outstand'g. Maturity.
Stock. —
.................................................
$600,000
1st mort, gold ($600,000)... 1893 5 g M -S
(l)
Sept. 1,1913
Road.—The company in 1893 was operating 16 miles of track In the
city of New Haven, extending also to Morris Cove, Lake Whitney, etc.
It is said that an extension of 14 miles is projected.
W in ch ester A ve. R R .—(TROLLEY.;—Operates in addition to
its own road the New Haven & West Haven RR. Co. In November
most of the stock was held in trust for the New England St. Ry Co.
STOCK AN BONDS.— Par. Interest. Outstanding.
D
Last div. etc.
Capital stock.................. $25 See text.
$400.000
See text.
î +T - in ton o *
U
, 5g. M. -N .
500,000
Nov. 1,1912
1st M. gold 1892, c* & r 1 Interest at 1st Nat. Bank, N. Y., and in Boston
( at Safe Deposit & Trust Co.
Bonds.—The bonds are understood to be joint obligations of the Win
chester Av. RR. Co. and the New Haven & West Haven. - ■
Dividends ace not stated, but they have enabled the New England
Street Ry. Co. to pay 4 per cent yearly on its stock.
ROAD.—In 1893 was operating about 9 miles of road, of which 7
miles belonged to the New Haven & West Haven and 2 miles to the
Winchester Av. RR. Co.
Earnings.—The earnings are given under New England Street Rv.
Co., which see above.
J
N E W ORLEANS, LA.
N ew nrlean s T ra c tio n C om p an y.—Organized in 1893 to con!
trol street railways in the city of New Orleans. Has acquired controf
of the Crescent City RR. and New Orleans City & Lake RR. operating
them according to terms stated in report for each below. Road
has been in process of rebuilding for operation by electricity.
Capital Stock.
Par.
Authorised.
Outstanding
Common stock .
.............
$5,000,000
$5,000,000
Preferred s t o c k ...........
....
2,500,000
2,500,000
Road in November, 1894, was operating about 120 miles of track, of
which 55 miles electric.
N ew Orleans T raction System—Crescent'City R R .—Organ
ized m 1866. In 1893 leased to New Orleans Traction for 50 years at
6 per cent on stock in addi ion to all interest charges, etc.
STOCKLAND B o n d s — Date. Interest.
Outstand'g. Last div.. etc
Capital stock ($100)............ . 6 J, - D.
$2,000,000 June, 1894
1st mortgage ........... 1883 6M . -N .
75,000
1895-99
Mortgage o f 1 8 8 6 ..... 1886 6 M .- N .
40,000 M
ay, 1,1896
Consol. M. for $5,000,- ? i 883 ® *•" J- T
2-350,000 July 1,1943
000, $500 &c. gold, c* ( {^ ^ ««¿P a ya b leb y J . & W. Seligman & Co.,N.Y.
_
,
®
) Sub. to evil for s.f. on and aft. July 1, ’ 98, at 110.
Consol M. of 189318 for $5,000,000 (trustee Fidelity Trust & Safety
vault Co. of Louisville); bonds, in addition to those how outstanding
may be issued for extensions at $30,000 per mile of completed track!
The sinking fund is to be $30,000 yearly on and after July 1,1898 the
bonds being subject to call at 110.
.
Road.—Operates 66 miles of road in New Orleans.
N ew Orleans T raction System—N ew Orleans'Clty tk L a k e
—Ogamzed in 1860 and in 1893 leased to New Orleans Traction
at 8 per cent on stock.
S tock and Bonds- Date. Interest. Outstand'g. ■ Last div.. etc.
Capital stock ($100)... ........
8 J. - D. $1,500;000
June, 1894
New Orleans City RR. 1879 6 J. - D.
416,500 Dec. 1,1903
N. Orleans City &L ake.') 1893 5 g. J. - J.
2,576,500 Jan 1,1943
„„„
Ist M. for $5,000,000' SSub to call for s. f . on and aft. July 1, ’ 98, at 110
gold, $500 &c., c*
¿Interest payable by J.& W. Seligman & Co.,N Y.
Mortgage o f 1803 (trustee, Columbia Finance & Trust Co.. Louisville
Ky.,) is for $$5,000,000, of which sufficient is reserved to retire the 1st
6s of 1879, and balance unissued may be sold for extensions at $30 000
Per mile of completed road. Sinking fund after July 1,1898, is to be
$30,000 yearly, the bonds being subject to call at 110.
Road.—Operates 54 miles of road in New Orleans.
N E W Y O R K , C I T Y , N. Y .
J * 1 ; ^? ORSE).—Chartered March 28,1873.
?
May 28,1890, leased the Christopher & Tenth St. RR. at 8 p. c. on stock
and interest on debt.
S tock / and Bonds.—
Par.
Interest. Outstand'g. Last div.,die.
Stock.
v................ ............... 100 7 Q. - J. $600,000 July, 1894
1st mortgage............ ............... 1,000 6 M. - N.
250,000 Nov., 1922
Road—Owned in fee.
Miles. I Operated under lease.
Miles
23d St. and East River to Ho
Christopher & 10th St. R R ..... 3 %
boken Ferry............................... 2 1Second track....... ........................ 3 %
Second track................................. 2
Sidings
.................................. 14
Total track....................... .11%
Weight of rail per yard. 45 to 52 lbs. Operated with horses.
1 2
INVESTORS’
A nnual R eport—Last report ln
Yr. to June 30.
1894.
1893.
Gross eamings.$538,857 $535,382
Net.................... 157,928 168,100
Other income...
4,365
4,003
Y. 59, p. 422, showed:
1894.
1893.
Taxes, etc.............$62,733 $91,942
Interest................. 27,650 27,650
|ÉH É
--------Dividends (7 p. c.) 42,000 42,000
Bal. surplus year. 29,916 10,511
OFFICERS—Geo. S. Hart, President; M. J. Masson, Secretary. Offioe,
170 Christopher St., N. Y. City.
Index—V. 59, p. 234, 4 22.
Central C rosstow n System—C hristopher & 10 th Street
(HORSE).—Chartered April 25,1873.
L ease .—Leased to Central Crosstown May 1,1890, at 8 per cent on
stock and interest on bonds.
Interest.
S tock & Bonds.—
Par.
Outstand’g. Last dnv.,dtc.
100
Stock...................
8 Q .-J .
$650,000
July, 1894
lstm ort. 5s, 6s, 7 s......1 ,0 0 0 5, etc.,A.-0.
210,000
Oct., 1898
Road—
Christopher St. Ferry to 10th
Second track..........................
3%
St. Ferry, East River.............. 2H Total owned___ „ ____ _
713
Christopher St. Ferry tojlith St.
& 4th a v .................................. IJ4 |
OFFICERS. President, John Downey; Secretary and Treasurer, Geo.
W. Finch.
O ffice.—168 Christopher Street, N. Y.
Index—
D ry D ock E ast B r o a d w a y A fB attery (HORSE).—Chartere,
Dec. 8, 1863.
S tock & Bonds—
Par.
Interest.
Outstand’g. Last div., < c.
6
Stock............................... 100
Q.—F. $1,200,000 Oct., »94,113
New mort.. gold, 1892. .1,000 5 g. J. - D.
885,000 Dec. 1,1932
Cert.ofdebi not sub.to c. 100 5 F. - A.
1,100,000 Feb..
1914
Road—(60-lb. rails).
Miles. |
MilesMain line..................................10-4 Sidings...................................... 2‘4
Second track............................ 5-7 Total owned............................ 18-5
D ividends- -On stock in 1892, 8 per cent; in 1893,4*2 per cent; 1894
(?) per cent.
A nnual R eportp —
Last report, V. 59, p. 422, showed:
T t cl .T n >Q 1894.
ii» o 9 m rt
Q
1Q Q
O
1r
Yr.end.J’neZO. 1 Q /4
1893,
1894.
1893.
Gross earnings.$642,455 $730,517 Taxes, etc........ $47,616 $41,120
N e t................... 178,386 183,702 Interest............. 128,278 109,000
Other income... 13,103
38,552 D ividends...(2is) 30,000(6)72,000
Bal. for year.. .df.14,405 sur. 134
OFFICERS—President, Richard Kelly; Secretary, E. I. Landon; Treas
urer, John Byrnes. Office, 605 Grand St.
Index —V. 59, p. 4 * 2 .
E ig h th Avenue (HORSE).—Chartered Jan. 10,1855.
S tock & Bonds.— Par.
Interest.
Outstand’g Last div.,tèe.
Stock............................. 100
Quar.
$1,000,000
July, 1894
Scrip.............................. 100
6 F. & A.
1,000,000
Feb., 1914
ROAD—On 8 th Ave.
Miles. I Second traok...........
10
Vesey St. to Harlem River.... 10 |Weight of rail................. .."".’.60"lbs.
Finances—Loans June 30,1893, $87,500. Owns bond and mortgage
iDr $¿50,000.
Latest Earnings—Last report in Chronicle , v . 59, p. 780 showed :
S mos. end. Gross
Net
Other
Balance
Sept. 30. earnings.
earnings.
income.
Charges.
surplus.
1894........ $204,511
$58,858
$6,908
$23,750
$4^016
1893......... 214,763
72,006
6,428
23,686
54,748
A nnual R eport . - Report for the year ending June 30,1894, is as
follow s;
1894.
1894.
Gross earnings.......... $768,758
Taxes ............................... $35,781
Operating expenses. 554,565
Dividends (13%)............... 130,000
Net earnings............. 214,193
Balance, surplus for year.
1,390
Other income............. 12,978
Total surplus June 30___ 16,984
Interest on funded debt.. 60,000
OFFICER—President, George Law; Secretary, J. Gelston Affleck.
Offioe : 50th St. and 8th Ave.
Index—v . 59, p. 780.
F orty-secon d St. M a n liattan v lllc & St. N ich olas Ave
fHOJRiS®;.--Chartered Aug. 29,1879.
.
A V e*
„ S tock & Bonds.— Par.
Interest.
Outstand’g Last div.. <tc.
Stock............................. 100
„ .............
$2,500,000 ..........
1st mortgage............. .1,000
6 M. - S.
1,200,000
Mch.. 1910
2d mort. Income 6 s ....1,000 6%asearned.
1,500,000
Jan., 1915
Real estate mortgage..........
5 ............
100,000
........
ROAD—
Miles. S
Miles
42d St. No. River to E. River. 1-97 Branches..................
-41
59th St. via 10th Ave. to ManSecond track.......................... 12-45
hat. St...,................................ 3-29
42d St. via 7th Ave., etc., to
Total owned............. .......24-90
Boulevard, etc........................4 -02
N.Riv.,Manhattan St., St.Nich.
Weightof rail..............47 to 60 lbs.
Ave., 110th St. to East R iv .. 2-76
Latest Earnings—
3 mos. end. Gross
Net
Other
Sept. 30.
earnings, earnings.
income.
Charges.
Balance.
1 8 9 4 ......„.$ 1 6 4 ,8 5 5
$32,468
$999
$30,717
sur. $2,751
1893............. 170,388
26,640
919
30,644
def. 3,085
A nnual R eport—Last report and balance sheet in Chronicle . V.
59, p, 422, show ed:
’
Yr. end. June30. 1894.
1893.
1894.
1893.
Gross earnings $636,616 $675,652 Ir t. on bonds. .$72,000
$72,000
N e t .................. 118,579 134,679 Other int. and
Other income...
3,377
2,445
miscellan’ous 14,709
15,250
Taxes........ ....... 35,999 37,000 Bal. for year... def. 752 sur. 12’374
OFFICERS—President, John S. Foster; Secretary, C. F. Naething.
Office, 120 East 42d St., N. Y. City.
INDEX—V. 59, p. 192, 4 2 2 , 780.
SUPPLEMENT.
fVoL.
Lix.
STOCK—
Par.
Dividends.
Outstanding. Last Divid’d„
Stock ($30,000,000). $100 Text Q.—J. $27,301,650 Oct. 15,1894
D ividends— > 1891. 1892. 1893. 1894.
Per cent.
5
4
3
None
5
ASSETS —The capital stock outstanding U UUK, U 1 Jl 1894, was
D
on October 1,
g a in s t which the company had cash and accounts, $3,362,632, investments, $23,939,018, making a total of $27,301,650
These investments, which were stated in October, 1894, to be earning5 per cent, include the follow ing:
8
Entire capital stock.
Investments in uncomp’ ted roadsMetropolitan Street Railway.
Col. & 9 th A v stock___$3,000,000
Majority capital stock.
do 1st mortgage.......... 3,000,000
Belt Line.
Lex. Av. & Pav F’y 1st 5,000,000
Broadway & Seventh Avenue.
Stock (con. with Met.
Majority capital stock.
Street R ailw ay)........ 5,000,000
23d Street.
34th St. RR. securities.
........
Ninth Avenue.
Other securities.
Sixth Avenue.
Met. Crosstown 2nds...
300,000
Besides the investments in completed roads the company in October
1894, owned the Columbus < Ninth Avenue Cable Road, 6 % miles
fe
long, extending from 53d Street to 110th Street, the Lexington Avenue
Cable Road, I I miles long, extending from 23 d Street to the Harlem
River and the Lenox Avenue Underground Electric Road, 5 miles
long, extending from 110th Street to the Harlem River. The Colum
bus & Ninth Avenue Road then used horses, but was said to be earn
ing interest on its bonds. The Lexington Avenue Road is not yet
opened and the Lenox Avenue Road will be finished about January 1.
The completion of these lines will will give two distinct lines from the
Battery to Harlem River. [The Lexington Avenue Co. has been con
solidated with the Metropolitan Street Railway Co.]
. O fficers AND D irectors .—President, C. R. Henderson; Vice-Presi
dent, P. A. B. Widener; Secretary and Treasurer, C. E. Warren.
OFFICE.—Mutual Life Building, New York City.
5jNDEX.-V.3|5, p. 167, 297,421,723; V. 57, p. 1039; V. 58, p. 987; V-
*Sltri& 2 lltaA 'r r a c tIon—M etro p olita n Street B y .—Chart
ered in 1893, and became the operating company of the Metropolitan
Traction System, it having absorbed or taken over the leases of all the
other roads that are completed and in operation. In November 1893
absorbed the Houston West St. & Pavonia Ferry, Broadway Surface an<f
South Ferry roads. In May, 1894, consolidated with Metropolitan
Crosstown and Lexington Ave. & Pavonia Ferry cos. The Lexington
Pavonia Ferry cable road was not fully completed in October,
—
694, and had not been turned over to the company. The stock of the
Metropolitan Street Ry is all owned by the Metropolitan Traction Co.
S tock and Bonds—
Par.
interest. Outstanding. Maturity.
Stock............ 100
$13,500,000
Broadway Surface 1st M .. 1,000 5 j." "- j . )
(Ju ly, - - - - Ï924
.
2d mortgage.................... 1,000 5 J. - J. V See text.
July, 1905
South Ferry RR. 1st M___1,000
5 A. - O. >
( Apr.1,1919
Metropolitan Crosst.lstM.1,000 5 A. - O.
600.000 Apr., 1920
2d mortgage....................1,000
May.
300.000 May, 1901
Lex. Av. & P. Ferry 1st ’93.
5
5,000,000
“ Other bonds” ........ .
....
500.000 ...................
Bonds Of the Broadway Surface first mortgage bonds, $1,125,000.
together with interest on all the $1,000,000 second mortgage bonds,
and also under lease the payment of the South Ferry $350,000 bonds
were assumed by the Broadway < Seventh Avenue RR. Co. The re
6
maining $225,000 Broadway Surface 1st 5s were assumed by the 23d
1r? j . »v P 0-,,The Lexington Av. < Pavonia Ferry bonds were not in6
tke Metropoiitan St. Ry. Company’s balance sheet of June
30,1894, orobablv because the road had not been turned over to the
department. On N ov.l, 1894, they were held as assets in
the treasury of the Metropolitan Traction Co.
The “ other bonds ” of
the table above represent the Houston West St. & Pavonia Ferrv loan,
which matured July 1,1894, and was retired.
Guaranty—The company guarantees the consol. 5s of the Broadwav
and Seventh Avenue.
„"
■
J
ROAD— Lines owned.
Miles.
Lines Leased.
Miles
Gr. C’nt. St. toChamb’s St. F’y .3-54 Broadway & 7th A v .............1T16-66
Gr. St. F 'yto Chamb’rs St. F’y .1-97 23d St and leased line..........1124-77
B’way,15th St. to Bowl’gG r’n.2-51 Ninth Avenue...... .............1F16-0O
Gr. St. Fer. to 14th St. Fer.N. R.3-50 Central Park N. & E. River. 1T26-00
Branches.............
i-48 42d St. & Grand St. Ferry .1T10-25
Second track........................... Ï3-00 Sixth A v e n u e ..,...,.,......... it 9-87
Sidings.........................
77
,r, . , ,
.
j
-— Total tr’k (of which cable 20). 130
Total track owned..............26-77
U See this company.
Also owns Lexington Avenue and Pavonia Ferry line, 4-5 miles, not
fully completed in 1894.
“
T
’
Note.—The Broadway Surface line from 15th Street to Bowling
Green has been consolidated into the Metropolitan Street Ry., but the
cable and conduit therein is the property of the Broadway & 7th A v.
RR. Co., which m consideration of right to use the tracks of the Broad
way Surface assumed certain of its bonds as above stated.
A nnual R eport .—Last report
Metropolitan Traction), showed:
TEAR ENDING JUNE 30, 1894.
Gross earnings...............$5,351,812 Rentals.......................$1,453,858
Net earnings........... .
2,127,857 Dividends.................. .
328,000
Other incom e.................
46,652
326,865 Bal., def..... ........ .........
Taxes paid.....................
$6,501
Interest on bonds........ .
79,247 Total surp. June 30, ’ 94.
398,124
INDEX.—Y. 58, pp. 987,1073 ; Yol. 59, p. 600.
M etropolitan T raction System —Bleeclter sti-PAt x* i/n
Ferry B B . (HORSE.)-Char(ere& Dec! i f , 1804 H ors! raid
“
j& m pK AND Bonds- Par.
Interest.
Outstanding. Maturity, etc.
Stock.. ................... 100
II2 J. - J.
$900,000
July,
1894
1st mortgage........... 1,000
7 J. - J.
700,000
Jan. 1, 1900
L ease —Leased to 23d st. Ry.
Co. Jan. 10, 1876 for 99 years; „ R o a d .— Road extends fromJ^lxlcsg
+ 08
13 u
lease assigned to Met. St. Ry.
23d St., N. R., to Fulton Ferry. 4*2
R ental .—7 per cent on $700,000 « “
“ to Union Squ’re. 1 %
bonds and lLj per cent per annum Second tr a c k ...................
914.
on stock.
Earnings.—Not reported sepa
Total line........................... 121
*
rately.
P rofit and Loss.-Surplus June, In which is included about two1893, $201,931.
miles of trackage over other r’ds.
xT r a c i I o n * “ O rganization. — Organized under
laws of New York to construct and control railways in New York Citv.
Its system, which includes the Broadway Cable line, traverses ali
M etropolitan T raction System —B roa d w a v & S even th
Par5s
tne city. When lines under construction are completed its
road wul aggregate 143 miles, 120 miles being fully in operation in Avenue (CABLE AND HORSE).—Chartered May 26^1864. In June,
1885, acquh-ed by
sept., 1894. The assets of the company are mentioned below. The Broadway Surfaceagreement the right to use jointly the tracks o f tho
RR. Co. (now Metropolitan St. Ry Co ) on Broad
L°mPany>it wiii be seen, owns the entire capital stock of the
^S!i°JPoli an street Hailway Co., which company in turn leases all the way between 15th Street and the Battery. Cable was Started on Broadan,4 the Battery in 1893, remainder o f road
in operation. For particulars as to roads
Metropolitan Street Ry. Co., asbelow stated.
N o vem ber , 1894.]
STREET
RAILW AYS
S tock and Bonds—
Par.
Interest.
Outstandig. Last div.', <£cStock.................................. 100 10 Q.—J. $2,100,000 Oct.,
1894
1st Mortgage....................1,000 5 J. - D.
1.500.000 June, 1904
2d Mortgage..................... 1,000 5 J. - J.
500.000 July,
1914
B’way Surface 1st guar.. 1,000 5 J. - J.
1.125.000 July,
1924
do 2d M. int. as rent..1,000 5 J. - J.
1,000,000 July,
1905
So. Ferry 1st guar..........1,000
5 A. - O.
350.000 Apr. 1,1919
By.& 7 th. Av. Con. M .of) 1,000 5 g . J.-D.
J
I .
____ ________
7.650.000 Dec. 1,1943
’ 93 for $12,500,000.. ] Interest at N. Y. Guaranty & Indemnity Co.
Of the consol, mort. of 1893, for $12,500,000, $4,850,000 is reserved
to retire at maturity the other bonds in the table. The outstanding
-consols paid for laying the Broadway cable. The consols are guaran
teed, principal and interest, under the terms of the mortgage by the
Metropolitan Street Railway Co., which now owns the Broadway line
south of 15th Street. They cover the road owned in fee, also the right
to use the tracks on Broadway from 15th Street to the Battery; they
are also a direct lien on the entire cable and its accessories. Trustee,
R. Y. Guaranty A Indemnity Co.
The Broadway A 7th Avenue assumed the Broadway Surface
1st mortgage bonds for $1,125,000 and payment of interest on the sec
ond mortgage bonds for $1,000,000, in part consideration for use of
tracks between 15th Street and the ferry. Under lease of South Ferry
road it also assumed that company’s bonds for $350,000.
L ease—Leased June 13, 1890, I R ental interest on bonds and
for unexpired term of charter and 110 per cent on $2,100,000 stock,
for any extensions of the same to .
Houston West St. &Pavonia Ferry, |
now Metropolitan St. Ry. Co.
|
ROAD—Owns in fee.
Miles.
Operates under contract. Miles'
-59th St. & 7th Av. to Barclay
15th St. down B’way to Bowl8t. and Broadway............... 4*4 ing Green (B’dway Surface) 2%
51st St. and 7th Ave. to Park
Vesey and Church St. to South
Ferrv............................... .
78
Place and Broadway.......... 4
Second track........................... 8X Second track........................ "
4
33g
13
N ew Y o r k dc H a rle m ( HORSE j.—Chartered April 23, 1831.
Owns also a steam road leased to N. Y. Central (see RRs.), its securities, which cover the horse roads as well as the steam line, being de^^der the title New York & Harlem among steam railroads
The following table applies only to the horse roads.
, Road—
Miles. M
Miles.
4th Ave. line, Post Office to
Sidings.......................... .......... -so
7*50
Mott Haven....................
Branches.................................. i-08
Total track,.................1 7 * 6 6
Second t r a c k ....................... 858 Weight of rails (per yd.) 60 to 75 lbs.
Second Avenue R a ilr o a d —(HORSE)- •Organization .—Ohartered Jan. 1,1853.
S ecurities.—
Par.
Interest.
Outstand’g Last div..die.
Stock........... ......................... 100 Text Q.—J. $1,862,000 O ct, 1894
1st mortgage....................... 1,000 5 M. & N. 1,600,000 Nov., 1909
Debentures.......................... 1,000 5 J. & J.
300,000 Jan., 1909
Mortgage on real estate...............
60,000 ............... ...
Dividends—In 1 892,4^ per cent; in 1893, 4 per cent; 1894, (?) p. c.
ROAD—
Miles.
2d Av., Harlem Riv. to,TeckSlip.8
Second track........ ............¿ .— 1 3 ^
Branch to 92d St. Ferry.............2
Strings.................................... . i
Branch to 59th St. and 1st A v .B ^ Total track owned ...............28
Weight of rails, per yard___60 lbs.
Latest Earnings—For the quarter ending Sept. 30 earnings were:
ia
J2ls'
Net earns. Other inc.
Charges.
Bal.sur.
1894........284,593
93,740
625
44.169
50,196
90,399
625
35,925
1893...... 310,092
55,099
A nnual R eport —Last report, V. 59, p. 331, showed:
Tr. to June 30. 1894.
1893.
1894.
1893.
Gross earns..$1,013,460$982,388 Taxes, etc........ $37,287
$34,755
218,696 215,255 Dividends (4^4) 79,135 (4^2) 83/790
Total track operated........... 23 ^ N e t ..............
Other income.
4,673
2,500 Bal. sur. year.. 12,350
8,710
INDEX—V. 58, p. 733. Office 761 Seventh Ave.
Int. on bonds.
94,597
90,500
Balance S heet —Balance sheet of Sept. 30,1894, was as follow s:
M etropolitan T raction System—Central P a rk N orth &
Liabilities.
East R iv e r R R (HORSE) . —Chartered July 19, 1860. The “ Belt
Line ” leases trackage rights from Dry Dock and N. Y. Central cos. The Cost of road and equip.$3,863,686 Capital stock, common.$1,862,000
77,661 Funded debt...............
1,960,000
Metropolitan Traction Co. owns a majority of the capital stock and Cash on hand................
Interest on funded debt
the road is leased to the Metropolitan Street Ry. as below stated.
38,333
due and accrued........
STOCK AND BONDS—
Par. Interest. Outstanding. Last Div , etc.
Open accounts, e t c ___
19,555
Stock. (See rental below.).. 100 textQ.—J. 1,800,000
Oct.,1894
Profltandloss (surplus).
61,459
istm ortgage..................1 ,0 0 0
7 J.—D. 1,200,000
Dec., 1902
ROAD— Lines Owned.
Miles.
Lines Leased.
Miles.
$3,941,347
$3,941,347
54th St. & 10th Ave. East
Various portions of roa d ....
3*2
OFHCERS-President, George S. H art; Secretary, John B. Underhill,
and West to South Ferry..
9*2 Second track...........
3*2
Office, 2d Av. and 96th St., N. Y. City.
Second track..........................
Weight of rail per yard.......60 lbs.
Total operated.............
26
INDEX—Vol. 58, p. 864; V. 59, p. 234, 371, 782.
Number o f cars.................
196
L ease .—Leased to Metropolitan
Earnings prior to lease:
a T S Î o d ■ veJîn e
¡^
(CABLE).—O rganization.—Chartered Oct.
B y. Co. Oct: 14,1892 for length of
Tear ending June so, 1892.
charter and renewals thereof (V. Gross.................................. $813,317 8,1853. A cable road since Deo. 5,1893.
S tock & Bonds.
55, p. 894).
Interest.
Outstanding. Last div., die
N et..................................... 221,342 Stock........ ............. Par.
100 See text M. A N. 7,000,000 Nov., 1894
R ental .—8 per cent on stock till Interest and taxes............ 102,186
1st mortage, gold. 1,000 5 g. J. & J.
5,000,000 July 1,1937
October 1,1897, thereafter 9 per
Real estate m ort.. . . . .
-cent (V. 55, p. 894).
46,000
ROAD—Owned.
Miles. „ . . .
Miles.
Sidings...........................................3g
M etropolitan T raction System .—Forty-Second Street & City Hall via 3dav. to 130th st.
North River to 125th st., E.R. 2Ja Total track owned...............
28 %
G ram i Street Ferry (HORSE).—Chartered February 16,1863.
10th Av., 125th to 186th sts.. 3X
4
STOCK AND BONDS— Par.
Interest.
Outstanding. Last div., die. Second track........................... 14 Weight of rails.......................60 lbs.
Stock........................ 100
18 Q.—F.
$748,000
Nov., 1894
D ividends—On capital stock in calendar year 1894, 8 per cent: 1893
1st M. extended....1,000
6 A. -O .
236,000
Jan. 1,1909
4 per cen t; 1892,7 per cent.
’ v
’
L ease .—Leased to Metropolitan
ROAD—Company owns
Miles
.Street Railway Co. for 00 years 42d St. ,North River to Grand
®/ nArf t§5?- TT'
&0- the 8t°ck was raised in 1891 from
from May 13, 1893, for duration
St. Ferry, East River.. . . . . . 5 ^ I ? 000 000 t0 $3’000’000’ 1 1 1892 t0 $5.000,000 and in 1893 to
1
o f charter and renewals thereof.
Second track...........................
5*8
Rental .—Rental 18 per cent on
Latest Earnings.—For the quarters ending Sept. 30 earnings were:
«took, payable inlawful money.
Total owned...................... 10^
Earnings.—10^ months to May Weight of rails..... ............... 60 lbs.
Gr°** earns. Net earns. Other inc. Charges. Bal.,sur.F
ex.beina.
15,1893, gross, $399,550; interest Total cars June 30,18 9 3 ........... 90 1894......$614,819 $301,844 $7,208 $87,475 $221,577
and taxes, $35,021; net, $170,143;
1893...... 457,291 184,542
4,613
62,000
127,155
59*65
dividends, 24 per cent.
A nnual R eport .—Earnings have been as follows, horses being used
OFFICERS.—President, H. H. Vreeland; Secretary, Charles E. War
ren, 621 Broadway.
ffigOctaV ? w a S n V 59, p ® ^ 5’ 1893‘ AnnUalreportfor ye*T end*
3
Fiscal yr. to
m
.
1894.
1893.
M etropolitan T raction System—N inth A ven u e (HORSE).
June so.
1894.
1893.
Taxes A c... $80,283
$68,004
—Chartered July 29,1859. The Metropolitan Traction Co. owns a ma Gross earn.$1,777,971 $1,657,539 Interest---250,000
177,300
jority of the oapital stock and the road is leased to the Metropolitan N et.............
737,713
503,643 Dividends . (6) 420,000 (5) 240,000
Street Ry. Co. as below stated.
Other in c...
20,772
93,800 Bal. but . yr.
8,202
112,139
Tot. surp.
STOCK—
Par. Dividends. Outstanding. Last Div’d.
Stock (no bonds)................ $100 text Q.—J. $2,000,000 Oct., 1894
June 30.. 232,093
223,891
Balance S heet .—Following is balance sheet of Sept. 30. 1894
Road—
Miles
L eased—Leased to Metropolitan
Fulton St. to 125th St...............8
stock, funded debt and loans and bills payable remain the
St. Ry. Apr. 20,1892, for 99 years. The oapitalJ nne 30«
Second track........... ..................8
R ental—For first 5 years $48,- same as on
Weight of rail.............. 45 & 46 lbs. 000, which is equal to 6 per cent
Assets•
Liabilities.
Number of c a r s ....................
98 on capital stock ($800,000), and Cost of road and equip .$13,375,959 Capital stock............... $7,000,000
15,000 Funded debt...............
thereafter $64,000-8 p. c. on same. St’ks A b’nds oth’r cos.
5,000,000
Due by cos. and indiv.
1,372
L oa n s* bills payable..
846,000
56,001 Int. due and accrued..
M etropolitan T raction System—Sixth Avenue (HORSE).— Cash on hand...............
62,500
Chartered Sept 6, 1851. The Metropolitan Traction Co. owns a ma
Due for wages, sup. Ac.
51,195
jority of the oapital stock and the road is leased to the Metropolitan St.
Due cos. and individ..
52,059
R y. Co. as below stated.
Profltandloss.............
436,578
STOCK—
Par. Dividend.
Outstanding.
Last div.
Total_ Total.......................$13,448,332
„
— — ..$13,448,332
$2,000,000
Oct. ,1894
Stock (no bonds)...............100_ Text Q.—J.
ROAD—Owned—
Miles.
L ease.—Leased to Metropolitan
**-£^2“ ** A ’ J- Elias: secretary, Alfred Lazarus. Office:
*
Bth Ave., 59th St. to Canal.. 3-44 St. Ry. Feb. 1,1892, for 800 years. 65th Street and Third Avenue.
Second track......................... 3’44
Rental—For the first two years
INDEX—Vol. 58, p. 864; V. 59, p. 2 3 4 , 3 7 1 , 782.
Sidings.......... ........................
‘75 $152,500, and thereafter $145,000.
Ownedjointly with 8th Ave. Oo.
On May 1, '94, the depot property
IJrton lU r ilw a y O o . o f N. Y . (TROLLEY).—Formed bv the
Canal and Varick Sts. to
(real estate) to be surrendered to
®-idation of the Harlem Bridge Morrisania A Fordham Ry. Co the
Broadway and Vesey....... 1*12 the Sixth Ave. Co. This has been ®Pn® 1
North Third Avenue & Fleetwood Park Ry. Co. and the Melrose A
-Second track.......................... 1*12 extended to May 1,1895.
West Morrisania RR. Co. by act of Legislature No. 340, Laws of 1892
Operates road from Harlem to Fordham; from Port Morris to 123d St*
Total track (rail 60 lbs.).. 9*87
and 3d Avenue; to Port Morris, West Farms; from Westchester Village
to
River Bridge, etc. The Westohester electric road extends t fe
M etropolitan T raction System—T w e n ty -th ird Street R y .
111
Rochelle, owning all the lines in
O o. (HORSE) .—Chartered Jan. 29,1872. Metropoliitan Traction Co those^place^0 1^ ^ ern° n an<^
owns a majority of the oapital stock and the road is leased to the
<»tnIvCK & BoNDS~
InterestOutstand’g. Last div., die.
Metropolitan Street Ry. Co.
Interest.
S tock & Bonds-— Par.
Outstand’g Last div., die.
3 jb m ort, 1892, gold. ..1,000 5 g. F .-A .
2,000 000 A u g 'V ’ i o i «
¡Stock 6......................... 100 18
Q.-F.
$600,000 Aug., 1894 4*2 Westch. 1st M.,gu.,p.<fci..1,000 5 g. J. - J.
’500,000
g* ’ 1943
Debentures.................. 1,000
5
J.-J.
150.000 Jan., 1906
Road™
Mties. 1
Broadway 1st M.,guar.l,000
5
J.-J.
375.000 July, 1924
ned.
20*57
Miles.
ROAD—Lines owned.
Lines leased.
Miles. Main line (single track)..........4*89 |Total of all track ow
.23d St. North to East R iver... 2^8 Bleecker St. & Fulton Ferry RR.
9 '0 9 1S f f i g
i e j g
1; ; 8 " » Branch to 34th St. Ferry........
*2
23d St. to Fulton Ferry, etc. 12^
Latest Earnings Second track....................... .
2^
Gross
2Vct
Other
JSctZcttvee p >/
«« »
Weight of rails. . ...................47 lbs.
Total track operated........ 18X
4
Number of cars....................
100 i i o T 8,
S
op:ex.
Rental is 18 p. c. per ann.
........ Won 1^7
$250
$37,675
$31,741
49*26
73,573
....
37,026
36,547
43*48
on cap. stock of......... ..$600,000 1893........ 130,177
Leased to Metropolitan Street Ry. for the unexpired term of the
Bp3 A con tin u ation o f the Street R a ilw a y R ep orts w ill
•charter and for any extensions of the same.
b e fo u n d on pages 1 6 0 , 161 a n d 1 6 2 .
p o n * WUJ
S T OC K
AND
BOND
TABLES
N O TES.
These tables are expressly intended to be used in connection with the information concerning investment matters published from week
to w eekinthe Chronicle. A complete index, therefore, of all items so published within the last eighteen months touching each company
follows its statement in the text below. Annual 'reports are in black-faced figures, and italics indicate that the information is contained in a.
paragraph headed by the name of some other company.
Any company not in its regular alphabetical order may be found by means of the index to roads leased and consolidated.
The “ dividends't appearing in the text are those wliich have actually been paid during the calendar years named, irrespective of when
they may have been earned; hence they often differ from the dividends reported with the earnings for the same years respectively.
By ‘'net earnings” as used in this Supplement is meant the earnings remaining after deducting operating expenses, but not interest on
debt, rentals or other fixed charges. Some companies report net earnings before and some after deducting taxes.
The following will give explanations of each of the columns of the tables below :
Description—Abbreviations used are: M. for “ mortgage; ” gen. M. for “ general m ortgage;” con. M. or consol. M. for “ consolidated mort
gage ; ” inc. M. for “ income mortgage; ” g. for “ gold; ” guar, for “ guaranteed; ” guar. p. & i. for “ guaranteed principal and in
terest;” cum. for “ cumulative;” non-cum. for “ non-cumulative; ” conv. for “ convertible;” pref. for “ preferred;” s. f. for “ sinking
fu n d ;” 1. gr. for “ land gran t;” r. for “ registered; ” c. for “ coupon; ” o.* for “ coupon but may be registered as to principal;” o. S
t
r. for “ coupon and registered;” br. for “ bra n ch ;” end. for “ endorsed;” “ red.” for redeemable, meaning subject to call before
maturity (so “ red. at 100” means subject to call at par); “ d’m ” or “ drawn” for subject to call for the sinking fund from time to
time when drawn by lot; “ p. m.” for “ per mile,” thus $15,000 p. m. means $15,000 per mile.
Date o f Bands.—The date of issue on the face of the bonds is referred to in this column.
Miles o f Road—Opposite stocks, this means the miles of road ow ned; opposite bonds, the miles covered by the mortgage.
Size or Par Value—Shows (in dollars unless otherwise marked), the denominations or par value, “ 100, &o.,” signifying $100 and larger.
Bate Per Cent.—The interest per annum is given for bonds, and the dividends per annum tor stocks; g. means gold; x, extra; s. stock or scrip ;
per an. means per annum, so 6 per an. (M. & N.) means 6 per cent yearly, payable 3 per cent in May and 3 per cent in November.
When Payable—J. & J. stands for January and July; F. & A., February and August; M. & 8., March and September; A. & O., April and October ;
M.
& N., May
Nov.; J. & D., June and Deo,; Q.—J., quarterly from Jan.; Q.—F., quarterly from Feb.; Q.—M., quarterly from March.
Bonds, principal when due, etc—This column shows the date when the bonds mature and when the last dividend was paid on stocks.
Subscribers w i l l confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see notes
Dividend.
Whom.
Road. Bonds Value.
Cent. Payable
above.
Addison & Pennsylvania—l e t mort. for $350,000..
Second mortgage, $350,000........ ...............- — -Adirondack.—1st M., $2,000,000, g., gu. p. &i. end.
Alabama Great Southern—Common“ B” shares....
Preferred “ A” shares,6 per cent (cum. for 6 years)
1st mortgage, gold.................. - - - -....... - .............. c
Gen. M. stefl. £1,160,000,red. at 110 June 1 ,’98 .o
Debentures, gold—
Income certificates sinking fund..................
Alabama Midland—Common stock— ............
Preferred stock, 6 per cent, non-cumulative
1st Mort., guar. p.&i. end. Sav. Fla. & W., gold:.e
1st M., Sprague to Luveme, $15,000 p. m,gold..c*
Ala.N. O. Tex. < Pac. June.—Deferred “ B” shares...
&
Preferred “ A ” shares, 6 p. o. cumulative............
“ C” deb., income, subject to call any time at 100.
rest cert,
Interest___ (secured by £34,193 “ C ” deb.) —
■
Alabama < Vicksburg—Stock.
£
Vicks. & Mer. 1st M. gold., subj. to call till 1897.
Ala. & Vicks, consol. IstM ., ($1,800,000) gold....
2d mortgage was income till Apr., 1894, gold..
57
290
290
290
290
•
....
175
33
....
143
143
143
143
1892
1892
1892
$69,000
289,000
$1,000
1,000,000
£10 £1,566,000
£10
£676,070
1878 $1,000 $1,750,000
£100
1888
£476,000
1886
£100
£134,000
1888 Various.
£53,257
$100 $2,625,000
__
$100
1,600,000
1888 $1,000
2,800,000
1890
1,000
500,000
__
£10 £2,500,000
£10 £1,500,000
£100
1890
£748,850
1890
£100 £1,048,390
£100
£810,652
1890
£28,494
ÌÓÓ
$700,000
1,000
1881
1,000,000
587,000
1889 100 &c.
1889 100 &c.
700,000
J. & D. New York, 49 B’ way.
5
do
do
4
J. & D.
4*3 g. M. & S. N.Y.Of.,21 CortlandtSt.
London,
See text.
do
6 per an. m .'& ’ n .
J. & J. N.Y.,Farm.L.&Tr.& Bos
£ g. J. & D. London, Glyn Mills,
5 gdo
do
6 g. F. & A.
do
do
4
Dec. 1, 1932
Dec. 1, 1932
Mar. 1, 1942
Dec., 1892
Dec., 1892
Jan. 1, 1908
Dec. 1, 1927
Aug. 15,1906
By sink’g fund
5 g- M. & N. N.Y.,Met’politan Tr.Co. Nov. 1, 1928
Dec. 1, 1929
6 g. J. & D.
5 g. M. & N.
£ g- M. & N.
5 g. A. & O.
See text.
6 £•
5 g.....5 g.
See remarks.
See remarks.
See remarks.
Cincinnati, Office.
Yearly.
A. & O. N. Y., Central Trust Co.
do
do
A. & O.
do
do
A. & O.
N ov.l,1910-40
Nov.l, 1910-40
Nov. 1, 1940
Nov. 17,1892
Apr. 1, 1921
Apr. 1, 1921
Apr. 1, 1921
:
.
d d is o n Sc P e n n s y l v a n ia .—Owns road from Addison, New owned, 208 miles. Operates Abbeville Southern, Abbeville Junction
Y o r k , to Gaines, Pa., 41 miles; leases Gaines to Galeton, Pa., 5 m. to Abbeville, 27 miles; completed Nov., 1893. Interest on the 1st mort.
A reorganization in 1892, Stock authorized—Common, $600,000; pre due 1928 has been reduced from 6 to 5 p. c. and bonds stamped princi
ferred!5 $350,000; outstanding June 30, 1893—Common, $568,000; pal and interest guaranteed in gold by the Sav. Florida & West. No
Preferred, $193,857. Loans and bills payable, $262,898. E arnings.— arrangement was made with the branch line bonds, mostly held by
Jan 1 to Mar. 31,1894 (3 months), gross, $18,911, against $21,981 m the Plant Investment Co., which controls the Alabama Midland stock
1893 • net, $6,252, against $7,515. From Dec. 1, 1892, to June 30,
E arnings.—9 mos, (18 9 4, gross, $397,914; net, $7,533.
1893 (7 months), gross, $53,032 ; net, $18,377; other income, $3,301 ;
Jan. 1 to Sept. 30. (1893, gross, 350,088; def., 14,595.
deduct interest and taxes, $12,124; balance, surplus, $9,054. Road
For year ending June 30, 1893, gross earnings, $490,768?
was formerly narroW-gauge. Standard gauging completed in Novem
operating expenses, $542,861 ; deficit $52,093, against $78,897 in
ber, 1893. New York office, 49 Broadway.
A d i r o n d a c k —Owns from Saratoga to North Creek, N.Y., 57 miles. 1891-92 ; interest, etc., $247,653; total deficit for year, $299,746. Plant
Stock authorized, $4,000,000; outstanding, $2,600,000; par, $100. The Investment Oo. owns $2,425,000 common and $1,200,000 pref. stock.
bonds carry the endorsed guaranty of th e,Delaware & Hudson as to
A lab am a N
O rleans T ex a
principal and intèrest; the $1,000,000 bonds unissued may be sold for ite d .)—This is ew English company s & Pacific J u n ction &(L im
an
controlling the Alabama Vicks
extensions at $20,000 per mile of completed road—trustee, U. S. Trust
burg, 142 miles; Vicksburg Shreveport & Pacific, 189 miles; New
Co In year ending JUne 30,1894, gross earnings, $165,235 ; net over Orleans & North Eastern, 195 m iles; Spanish Fort Railway, 13 miles.
taxes, etc.. ¥32,985; other inoome, $6,807; deficit under interest
charges, $5,208. in 1892-3 gross, 175,309; net, $46,200. (V. 55, p.
B onds.—Until Nov. l j 1895, the “ A ” debentures receive interest only
588; V . 59, p. 374.)
if earned, but unpaid interest is cumulative. They, as also the “ B ”
debentures, are subject to call after Nov. 1,1910, at 115. Coupons
A lab am a Great Southern.—Owns Wauhatchie, Tenn., to Merid
ian Miss. 290miles; leases Wauhatchie to Chattanooga, 5 miles. Track paid: On A debentures to and including May 1,1894, all in full. On
B debentures: In 18912*a per cent; in 1892, 2*3 p. c.; in 1893, none.
age’, Ga. Pac; RR., Woodlawn-Bessemer branch, 19 miles.
Securities Ow n ed .—Ala. & Vicksburg $30,000 1st mort., $141,100
Organization .—An English company of the same title owns all the
stock and was itself controlled by the East Tennessee Virginia & Georgia consols, $387,700 2d mort. incomes and $387,700 stock; Vioksb. Shreve
fe
RR Co. The East Tennessee pledged the stock owned by it as security port < Pacific, $3,692,000 1st mortgage, $1,364,000 3d mortgage,
for its Cincinnati Extension bonds; these defaulted Aug. 1,1893. Ap- $494,860 4 p, 0. incomes and $1,594,000 stock; New Orleans & North
olication for the sale of Alabama Gt. So. stock so pledged is under j Eastern, $4,900,000 1st mortgage and $4,320,000 stock; New Or
consideration by the court. V. 59, p. 371. (See V. 57, p. '852; V. 58, leans Spanish Fort & Lake RR., $300,000 first mortgage and $200,000
p 386) In March, 1894, parties in Cin. H. & D. Interest pur common stock; Cincinnati Southern, $532,000 stook; overdue coupons,
chased Baron Erlanger’s Cin. Exten. bonds, thus obtaining control of N. O. & N. E. and V. S. & Pac. to Deo. 31,1893, £765,230.
the voting power of the Alabama Great S. stock. V. 58, p. 549, 594.
E arnings.—See separate statement for each of the controlled com
In September, 1894, almost the entire minority interest in these bonds
Was purchased by the Southern Ry. Co. See V. 59,472,600. The English panies. For 12 months ending Dec. 31,1893, net receipts from invest
paid general expenses (£3,656), inoome tax
and American companies own jointly $1,000,000 Cincinnati N. O. & ments were £39,726;“ A ” debentures (£36,417); <&o., balance £555
(£1,594),interest on
Texas Pac. stock. See also Chattanooga Union.
(including £2,496 surplus of previous year), against £28,050 in 1892.
Stock .—Of the capital stock of the English Company the East Ten
nessee Virginia & Ga. ih April, 1890, purchased £340,000 “ A” shares
A lab am a & V ick sb u rg.—Owns Vicksburg to Meridian, Miss., and
and £783,010 “ B ” shares. V. 50, p. 560. Of the preferred shares branch, 143 miles, all stem rails. Controlled by the Alabama New
authorized $619,650 were unissued June 30,1893. As to application Orleans Texas & Pacific Junction Co.—whioh see. Reorganization of
of net profits see Supplement of March, 1894.
the Vicksburg & Meridian foreclosed Feb. 4,1889 (see V.48, p. 190).
Dividends .—On “ A” assenting shares : In 1889, 6 per cent; in 1890,
D ividends .—From Nov., 1890, to Nov., 1892, incl., 3 p. o. yearly ;
9 • in 1891, 6 p. c.; in 1892, 6 ; in 1893, none. On Class “ B ” Us p. o. none since.
was paid in 1891 ; in 1892, December, 1*2 p. o.
B onds.—The new seconds were income till April 1,1894, and are a
B onds.—Of the general mortgage unissued £484,000 is in trust to first lien on the lands—111,349 acres. Trustees, Central Trust Co.
retire the 1st mortgage bonds and debentures at maturity. Car trust Oct., 1894, coupons on seconds paid when due, at Central Trust Co.,
June 30,1893, including interest, $333,567 ;•bills payable, $51,828.
N. Y. Of the $1,800,000 consols authorized, $1,000,000 are with
ANNUAL REPORT.— Year to June 30, 1893, gross were $1,818,229 ; trustee to retire V. & M. firsts. Vicks. & Meridiin bonds assenting to
net. $321,651; other income, $527; interest on bonds, $259,742; reorg. plan of 1889 are stamped subject to call till 1897; a few did not
income tax, eto., $20,215; balance for stock, $42,221. In 1891-92 assent.
aross. $1.881,940 ; net, $444,732 ; balance for stock, $206,653.—(V.
E arnings.—In year 1893-94 gross earnings were $565,780; net, in
56, p. 883; V. 57, p. 852, 549; V. 59,p. 70,115,371,600, 879.)
cluding land sales, $129,606; interest on bonds, etc., $128,346; balance,
surplus, $1,260. In year 1892-93 gross $588,298; net, $121,910. (V.
A lab am a m id la n d .—Owns from Bainbridge, Ga.,to Montgomery,
Ala., 175 miles; branch, Sprague Junction to Luveme, 33 miles; total 55, p. 54 3 ; V. 56, p. 5 0 0 ; V. 57, p. 4 6 7 , 7 6 2 ; V. 59, p. 736.)
A
N ovember , 1884. J
15
KAILROAD STOCKS AND BONDS.
Subscribers w ill confer a great fa v or by giv in g im m ediate notice o f an y error discovered in these T a bles.
Bonds—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable and by pal, When Due.
Par
of
Stocks—Last
For explanation of column headings, &e., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page of tables.
Dividend.
hlbany < Susg.—Stock, divi’ds guar, by D.& H. (end).
t
Albany City loan (sinking fund, 1 per ct. yearly).c
Con. M. (guar. p.&i. by D. & H. end. on bonds).c*&r
142
142
12
Allegheny < Kinsua—1st M., fo r $500,000, gold..o*
6
Allegheny Valley—Common stock for $12,000,000.. 259
Preferred stock for $18,000,000, 3 per cent cum. 259
1st mort main line (River Division) .................... c* 132
1st M., low grade,East’n Ext., guar. Penn. RR. .0 110
Mort. to State Pa., $100,000 due Jan. 1, yearly..r 242
Gen. M. ($20,000,000) g., guar. p. &i. (end.).o*&r 259
Allentown RR. (leased to Phila. & Reading).......... . . . .
Allentown Terminal—ls tm ., guar. p.&i. (end.)gold.
3
Annapolis &Baltimore Short Line—See B altimore & A nn
Annapolis Washington < Baltimore.—Stock............ 20*2
&
Arcadia, Gulf, Coast, Lakel’d—Stock ($1,500,000).. ....
....
1st mort., $ i0,000 p. m., s. f. 10 p. 0.....................
Consol, land grant mort. for $3,500,000, gold....
74
Ark. Midland.—1stM. ($6,000 p. m.)g.,red.atll0.c*
66
Asheville & Spartanburg—1st mortgage, gold .........c
66
2d mortgage for $500,000, gold ............................. 0
Astoria < Portland.—1st mortgage ............................. ....
&
Atchison Col. & Pacific—1st M.($16,000 p. m.) gu . . 0* 254
34
Atchison Jewell Co. < West.—1st M., guar. C. B.U. P.c
&
Atchison Topeka < Santa Fe—Stock .............................
6
Chicago & St. Louis 1st mort. ($10,000 per mile).
141
General M.,gold (as to amount out see text).. c*&r 6,634
1865
1876
1890
1866
1870
1870
1892
....
1889
$100 $3,500,000 See text.
1,000
1,000,000
6
1,000 10,000,000 6 g & 7
100
600,000 3 per an.
1,000
485,000
5 g•
50 10,544,200
50 15,663,900
1,000
4,000,000
7-30
$ &£
9,998,000 6 g. or 7
100,000
1,500,000
5
1,000
1,380,000
4 g.
1,268,885 deposito
1,000
450,000
4 g.
APOLIS Short Line .
.
....
1893
1891
1885
1887
1892
1879
1879
1894
1885
100
100
500
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1889 500 &c.
J.
M.
A.
M.
F.
&
&
&
&
&
J. N.Y.,Del. &Hud. Can. Co. July 2, 1894
N.
do
do
1895-1897
do
do
O.
April 1, 1906
N.
Troy, N. Y.
Nov., 1894
In default.
A.
In installm’ts.
J. & J.
A. & O.
J. & J.
M. & S.
d under
J. & J.
N.Y.,Phüa. ¿ ‘ Pittsburg.
Phil., Pa. RR. Co. & Lon.
Philadelphia,Pa. RR.Co
do
do
P. & R. coll. tr. of 1892
New York and Phila.
358,000 See text. J. & J.
Baltimore.
5 In July, 1894, road >
W<
:
m
500.000
J. & J. \ was ordered sold. 5
6
5 g. J. & J.
(?)
133.000
6 g. J. & J. N. Y. ,H.TaUmadge& Co.
500,000
6 g. A. & O. April,’92, coup, last pd.
215,000
6 g. J. & J.
480,000
M. & N.
In default.
6
4,070,000
6
Q.—F. Aug., ’93, coup, last pd.
Q .-F . Aug.,’93, coup, last pd.
542,000
6
102,000,000 See text.
1,000,000
M. & S. N.Y.,Farm’sL. &Tr. Co.
1,500,000
6
1,560,330
130,324,000
4 g. J. & J. July, ’93, coup, last pd.
Mch. 1, 1896
April 1, 1910
100,000 Jan.l
Mch. 1, 1942
$1,073,950.
July 1, 1919
See text.
1912
1923
July 1, 1911
April 1, 1925
July 1, 1937
1932
May 1, 1905
May 1, 1905
Nov. 15,1888
Mch. 1, 1915
July 1, 1989
A lban y & Susquehanna.—(See Map Delaware diRudson.)—R oad j bonds, principal and interest. Controlled by Union Pacific, but oper
Owns Albany, N. Y., to Binghamton, N. Y., 142 miles. Leases, |ated by Mo. Pacific. Stock , $1,522,400 (par $100), of which U. P. owns
Duanesburg Junction, N. Y., to Schenectady, 14 miles; Cobleskill, $920,300. R ental, $254,370 yearly. Interest due Nov. 1,1893, was
N. Y., to Cherry Valley 21 miles; Lackawanna & Susquehanna RK.. 22 not paid. In yetr 1893 gross earnings including operations of Atchi
miles; East Glenville to Coons, 10 miles; total operated, 209 mues. son Jewell Co. & Western were $186,880 against $710,382 in 1892;
Leased for 150 years from February, 1870, to Delaware & Hudson deficit under operating expenses and taxes, $33,635, against surplus of
Canal Co., which Deo 31,1893, owned $450,000 stock. Lessee guaran $180,181; interest on bon is, $373,720; other charges. $L0,640; total
tees 7 per cent per annum oh stock till the Albany City loan for $ L,000,- deficit for 1893 $320,995 against $107,156 deficit for 1892.
000 is paid by sinking fund, thereafter 9 per cent. (See wording of
E arnings.—9 months, ) 1894............gross, $277,907; net, $11,352
guaranty in V. 56, p. 774.) The Albany sinking fund receives $10,000
Jan. 1 to Sept. 30.
5 1893.......... gross, 386,016; net, 24,465
per annum and interest on investments, thé latter in June, ’94, amount
A tch ison J ew ell County & W este rn .—Jamestown, Kan., to
ing to $571,393. Additions and betterments charged to lessors, and cost Burr Oak, Kan., 34 miles. Under same auspices and control as Atchison
made part of Investment. B onds—The consolidated mortgage is for Colorado & Pacific.- Stock, $202,400 (par $100), of which Union Pacific
$10,000,000, of which $3,000,000 are 7 per cents, currency; the princi owns $105,000. Rental, $34,000 per annum. Interest due Nov. 1,1893;
pal of the 6s is also payable in “ lawful money,” but the interest in gold. was not paid. Earnings included in Atoh. Col. & Pacific.
L atest E arnings
A tch iso n T o p ek a & Santa F e .—(See Maps.)—Road .—The sys
Charges. Bai., surp.
3 mos. to Sept. 30.
Gross.
Net.
1894...........................$1,032,632
$513,600
$296,648
$216,952 tem, well shown on the adjoining maps, operated on June 30,1893,
9,344 miles of road, including the 3t. Louis & San Francisco and Colo294,291
227,254
1893........................... 1,111,182
521,545
ado Midland, and extending from Chicago, 111., to Denver, Col., El
E arnings.—In year ending June 30,1894, gross $3,988.795, against Paso. Te<c., Guaymas, Mex., San Francisco,
$4,298,894. in 1892-93 ; net, $1,782,796, against $2,0L8,722; surplus of mileage see Supplement of May, 1894. Cal., etc. For description
overcharges,$611,144, against$835,948. (V. 55, p. 298, 806; V. 56, p.
Organization , H istory, &c.—The main line, 471 miles, was opened
290,774,793; V. 57,p. 300, 809; V.58, p. 306,817; V. 59, p. 29^, 878.)
23, 1872. The
outside of this main line is
A lban y & V e rm o n t.—Owns road from Albany, N. Y., to Water December under different whole systemwhose stocks and bonds (ex
T
nominally
corporations,
ford Junction, M Y., 12 miles, Leased to Rensselaer & Saratoga in cepting those of the St. Louis & San Francisco and the Colorado Mid
.
1860 and now operated by D. & H. Canal Co. Annual rental, $20,000. land) are nearly all deposited in trust under the Atchison’s blanket
A llegh en y Valley R a ilw a y .—Owns from Pittsburg to Oil City, mortgage. The system is therefore in effect one line.
Pa., 132 miles ; branches—Red Bank, Pa., to Driftwood, 110 miles ;
In 1889 the company was reorganized by plan of October 15 [see
others, 18 miles ; total operated, 260 miles.
V. 49, p. 504], and m 1892 the incomes were mostly converted into
Organization , &g.—Reorganization March 1,1892, of the Allegheny second mortgage bonds, payment of interest on which is obligatory.
In May, 1890, control of the St. Louis & San Francisco Railway Com
Valley Railroad, sold in foreclosure Deo. 15,1891. Plan of reorganiza
tion, etc., was in V. 53, p. 324,368, 520 ; V. 54, p. 409,524. Road con pany was acquired, and in October, 1890, of Col. Mid. (V. 51, p. 608.) j
R eceivership .—Dec. 23,1893, receivers were appointed for Atchison
trolled by the Pennsylvania RR. Co. as majority stockholder.
and subsidiary companies. Receivers are now J. J. McCook of Boston^
Stock .—Stock authorized $30,009,000, of which $18,000,000 is cumu
Wilson
lative 3 per cent preferred stock. Pennsylvania RR. Co. owns $9,- J. J. 551.) of Topeka, Kan., and A. F. Walker of Chicago. (V. 59, p.
290,
653,800 common and $10,411,350 preferred stock.
For board of directors elected in November, 1894, see V. 59, p. 834,
B onds.—The general mortgage for $20,000,000 four per cent bonds and also p. 878.
has principal and interest unconditionally guaranteed by the Pennsyl
Board o f Directors' Committee consists of B. P. Cheney, Jr., Thomas
vania RR. by endorsement on each bond. Of these bonds $17,100,000 P. Fowler, W. L. Bull, George A. Nickerson and E. J. Berwind.
(being the principal and 8 per cent additional of the prior liens not
divested) are reserved to take up the prior liens as they mature, and toR eorganization .—In April, 1894, a general reorganisation committee
represent all interests was formed, composed of
$1,000,000 were held for the future purposes of the company. The Chairman, 32 Nassau St.,N. Y., L, A. Von Hoffmann, R. Somers Haves-,
Edward N. Gibbs,
Fidelity Title & Trust Co. of Pittsburg is the mortgage trustee.
Frederic P. Olcott, Louis Fitzgerald. George G. Haven, Adrian Iselin,
The Pennsylvania RR. Co. guarantees to purchase the interest on the Jr., all of New York; William Rotoh, B. Rodman Weld, of Boston; Her
$10,000,000 loan o f 1870 and the bonds themselves at maturity, the
interest on these bonds being, at the option of the holder, either 6 per man Kobbe is Secretary. (V. 58, p. 635.)
Joint E xecutive Committee .—Edward King, Chairman; Edward
cent in sterling in London or 7 per cent in United States currency in
Philadelphia; they have first lien on eastern extension and second on M. Gibbs, Vice-Chairman; R. Somers Hayes, G. G. Haven, Adrian
River division. The Penn. RR., the Northern Central Railway and the Iselin, Jr., C. Sligo de Pothonier, Robert Fleming, John Luden and
Victor Morawetz. (V. 59, p.[878.)
Phila. & Erie RR. are guarantors on the y per cent loan o f 1870.
The preliminary report of expert accountant Stephen Little made to
E arnings.—9 months, >1894........gross, $1,567,234; net, $593,443 the Reorganization Committee on Aug. 9,1894, stated that the income
Jan. 1 to Sept. 30.
> 1 8 9 3 ......gross, 1,894,653; net, 667,330 of the property for the four years ending June 30,1894, had been
, A nnual R eport,—Report for 1893 in V. 59, p. 27, showed gross, $2, over-stated to the amount of $7,491,500, of which $7,285,621 was in
436,816; net, $877,027; capital tax, $26,188; interest oharges $1,127,- the Atchison proper and $205,879 in the St. L. & San Fran. See Mr.
887; balance, deficit, $277,048. In 1892 gross, $2,636,697; net, $1,033,- Little’s preliminary report ia V. 59, p. 232; also editorial p. 209.
694; deficit under charges $89,845. (V. 57, p. 103; V. 59, p. 27.)
Mr. Little’s complete report, dated Nov. 2,1894, confirmed his pre
liminary report and increased the amount of the over-statement some
A lle n to w n T e r m in a l.—See Supplement of September, 1894.
what. See report of Nov. 2 in V. 59, p. 876, and also editorial p. 854.
A n n a p olis & H alt. Short L in e.—See Balt. & A. S. L.
Protective Reorganisation Committee is composed of Theodore W.
A n n a p o lis W a s h in g to n A B a ltim o re .—Owns road from An Myers, Benjamin F. Tracy, Henry Clews and E. N. Tailer, all of New
napolis to Annapolis Junbtion, 2 0 ^ miles. Organized in 1886. No York, and M. V. B. Edgerly, of Springfield, Mass., and Charles H. Allen
bonds. D iviiends: In 1887, 5 ; in 1888, 4 ^ ; in 1 889,4; in 1890, and M. F. Dickinson, Jr., of Boston. The oommittee is opposed to the
4H; in 1891, 5% ; in 1892, 6% ; in 1893,5 ^ p. e.; in 1894, Jan., 3 p. 0, $12 assessment on Atchison stock (V. 59, p. 70), and invite deposits of
in July, 2 p. e.; in Oct. an extra dividend of 1-30 p. 0.
“ A ” and “ B ” and general mortgage bonds and stock. Depositaries—
A rk a n sas M id lan d .—Owns from Helena, Ark., to Clarendon, 50 Farmers’ L. & T. Co. and Atlantic Trust Co. of New York and Amer
miles; Pine City to Brinkley, Ark., 24 miles; total, 74 miles. Stock, $1,- ican L. & T. Co. of Boston.
500.000; par, $100. Mortgage is for $516,000, to cover 86 miles, but
R eorganization P lan.—In the advertising columns of the Ghron*
$2 L6,000 can only be issued after entire 86 miles has been laid with 56 icle of June 23 will be found in full the plan presented by the General
pound steel rails. Central Trust Co., trustee. In February, 1894 Reorganization Committee under date of June 19,1894. The discov
$167,000 bonds were held in the treasury; bills payable, $45,000.
eries of Mr. Little, however, which are referred to above, may necessi
E arnings.—9 months, > 1894............... gross, $55,432; net, $22,469 tate some important changes in the plan.
Jan. 1 to Sept, 30.
>1893.......... ...gross, 52,459; net, 15,221
Stock .—Company reports $102,000,000 outstanding; New York
In year 1893 gross, $87,362; net, $35,063.
Stock Exchange in November, 1894, $101,492,787.
A sh eville & Spartanburg.—Owns from Spartanburg Junction
R eceivers ’ Certificates .—In August, 1894, issue of $1,000,000 re
S. C., to Asheville Junction, N. C., 66 miles. Controlled by thé ceivers’ certificates was authorized, v. 59, p. 228.
Southern Railway Company, which owns $1,047,981 of the $1,050,
B onds—The guarantee
(for $9,000,000) were
000 stock and $215,000 2d mort, bonds. Default occurred Oct., 1892 second mortgage of thefund notes main line in Kansas secured by a
Atchison
In September, 1894, James Swann was appointed receiver and the deposit in trust of the entire capital stocks of the Chicago and by the
Santa
road ordei ed to be sold. This company’ s securities were exoluded from California (see that company below) and of the A. T. & S. Fe Co. inFe &
Chi
the Richmond Terminal reorganization. See V. 58, p. 386. In 1892-93 cago, which owns the terminals in that city and whose bonds are all
gross $143,215, against $153,357 in 1891-92; deficit from oper. $904, held under the general mortgage of 1889. To retire the notes at
Floating debt in 1893, $397,000. (V. 56, p. 881.)
maturity alike amountof general mortgage 4s is reserved. Astothelien
A tch iso n Colorado & Pacific.—Owns Waterville, Kan., to of the guarantee fun d notes upon the main line in Kansas, it should be
Lenora, Kan., 193 miles; Greenleaf, Kan., to Washington, Kan., 7 observed that the old first mortgage on that line, dated 1869, is still
miles; Downs, Kan., to Alton, Kan., 24 miles; Yuma, Kan., to Warwick, held alive as security for the general mortgage of 1889, it being pro
Kan., 31 miles; total, 255 miles. An extension of the Central Branch vided in the general mortgage that the underlying bonds shall not be
Union Pacific, which leased it in 1879 for 25 years, and guaranteed the canceled until it has been ascertained “ that all the security of the
INVESTORS’
SUPPLEMENT.
[Vol.
lix 4
N ovember 1894
]
.RAILROAD
STOCKS
AND
BONDS.
INVESTORS’
SUPPLEMENT.
[Vol. l i x .
BONDS
AN D
STO CKS
R A X L R O .A .D
N ovember , 1894. j
s©
ESTYESTOES’
SUPPLEMENT.
ÍT ol . LIX.
Subscribers w i ll confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
RAILROADS.
Bonds—Prind
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due*
Amount Rate per When
For explanation of column headings, etc., see notes of
of
Par
Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Gent. Payable
Whom.
Dividend.
Atchison Topeka < Santa Fe —( Concluded.)—
6
Guarantee fund notes, extended, red.at 100,gold
471
New 2d mortgage gold, class A, (see text)___o&r 6,634
do
do
class B, see remarks............. o&r 6,634
Equip. Tr.,Ser.A, g.,$250,000 drn. y’rlv at par..c.
Atchison System.—Atlantic < Pacific.—
6
1st guar, trust M., $20,000,000, gold..................c* 692
West. Division 2d M. guar.,g. (s.f. drawn at 105).c* 560
Inc. bonds, non-cum., W.D. ($18,750p. m .).. c*&r
Central Div., 1st land grant mort., cumulative.. c '
Income bonds, non-cum. ($18,750 per mile)..c* ....
Atchison System—Cerrillos Coal P it.—
1st M., gold, guar., s. f., subject to call at p a r.c*
....
Atchison System—Chic. Santa Fe < Cal.—see text—
6
Atchison System—Colorado Midland ~
1st mortgage, ($25,000 per mile) g o ld ...............0* 240
Consol. M. for $6,000,000, gd., guar p.&i. (end.) c> 267
Equipment bonds, s. f., drawn at 105, gold.......c* ....
Equip, bonds, B., dr’nat 105after 1894, gold ...c. ....
Aspen Short Line, 1st M., gold, interest as rental.
7
Busk Tunnel R’y 1st M., gold, guar., red. at 105.C* ....
Atchison System—Si. Louis dt San Francisco—
2d mort. (now 1st), A, gold j (Pacific to Seneca.c* 294
do
Series B, gold........ J Mo.,& branches, c*
*
294
do
Series C, gold........ 7
294 miles.
c*
294
Mo.&West.RR.lst M., g.,$5,000yearly dr.at 105.c*
82
1888 $5,000 $7,000,000
6 g.
1892 5Ó0 &c. 80,000,000 3 to 4 g.
1892 500 &c.
5,000,000
4 g.
1892 500 &c.
2,000,000
5 g.
M.
A.
A.
J.
& N. N. Y., Bank of N. Amer.
& 0 , Oct., ’93, coup, last pd.
& 0.
do
do
& J. New York and London.
Nov. 1, 1898
Julv 1, 1989
July 1,' 1989
J a n .l’95-1902
1,000 18,794,000
1887
1887
1,000 See remarks
1880
50 &c. 12,000,000
1871 500 &c.
796,629
1882
1,000
1,823,000
4 g. J. & J. July ’93 coup, last paid.
In default.
6 g. M. & S.
6
A. & O.
6
At Mat.
6
J. & D.
1892
1,000
916,000
4 g. J. & J. N.Y.Baring,Mago’n&Co Jan. 1, 1904
1886
1890
1888
1890
1889
1890
1,000
1,000
1,000
1,000
6,250,000
4,886,000
303,000
216,000
110,000
1,250,000
6 g*
4 g.
7 g.
6 g.
8 g.
7 g.
J.
F.
M.
J.
J.
J.
&
&
&
&
&
&
D.
A.
S.
J.
J.
J.
Dec.’93, coupon last p’ d
Aug.,’93,coup.last paid.
N.Y.Baring,Mago’n&Co
N.Y. Baring,Mag’n&Co.
July, ’94, pd. in Sep ,’94
Jan.,’94, coup, last p’d.
June
Feb.
Mch.
Jan.
500,000
2,766,500
2,400,000
1,056,000
6
6
6
6
M.
M.
M.
F.
&
&
&
&
N.
N.
N.
A.
May,’94, p’d Oct. 22,’94
May,’94, p’ d Oct. 22,’94
May,’94, p’d Oct. 22,’ 94
Aug.,’94, p’d Oct. 22,’94
Nov.
Nov.
Nov.
Aug.
1,000
1876 100&C.
1876 500 &c.
1876 500 &c.
1879
1,000
bonds so to be canceled •will, upon such cancellation and discharge, be
preserved to and vested in the holders of the bonds secured hereby
i. e., the general mortgage.
Of the unassented bonds in the reorganization of 1889 $629,000 were
in June, 1893, Chicago S. P. & Cal. guaranteed 5s, due Jan. 1,1937.
The general mortgage 4s, Union Trust Company of New York,
Trustee, cover the entire property of the company, all shares ol
stock owned or controlled and named in circular 63 (V. 49, p. 504). al)
bonds owned and pledged under trust deeds, and all securities deposited
under the reorganization. N. Y. Stock Exchange in Nov., 1894, re
ported $130,161,500 gen. 4s outstanding.
Abstracts of all the principal prior mortgages were published in V.4[9,
p. 546-551, and of the general mortgage in V. 49, p. 857,861, and of the
new secondmortgage in V. 55, p. 101.
The second mortgage of 1892 covers all the property of the Atchison
named in circular 63 (see Y. 49, p. 504), and secures $80,000,000 of class
A bonds,which were given in exchange dollar for dollar for the income
bonds, the class A bonds bearing 21 per cent interest till Oct. 1,1893;
a
then 3 per cent till Oct. 1,1894; then 3 ^ per cent till Oct. 1,1895, there
after 4 per cent till maturity. Also Class B 4 per cent bonds to be sold
for improvements at not over $2,500,000 per year. Practically all the
Incomes have been exchanged; Stock Exchange in Nov., 1894, reported
$77,924,000 Class A outstanding. Mortgage trustee Union Trust Co.
F loating D ebt.—The floating debt on Dec. 23,1893, was reported
to include loan sand bills payable for $6,300,000; interest due Jan. 1,
1894, $3,900,000. See also V. 57, p. 1100 and 1121. In Jan., 1894, a
$2,000,000 loan in London, secured by $5,000,000 second mort. “ B”
bonds, was extended, partial payments to be made. V. 58, p. 222.
Fixed Charges, F inances, &c.—On the Sonora subsidy, payable in
Mexican currency, payments began in August, 1890, and were to con
tinue till $1,681,400 in all has been paid. The first payment of $350,000 was due in 1894, but to November, 1894, had not been pa id;
$250,000 due in 1893 was also unpaid. See V. 52, p. 49.
E arnings.—On Atchison system proper, 7,476 miles, for—
Three months,
(1894, gross, $6,509,415; net, $1,073,311.
July 1 to Sept. 30. ( 1893, gross, 8,590,015; net, 3,138,387.
A nnual R eport.—Fiscal year ends June 30. Annual meeting is
held on last Thursday in October. The annual report for 1892-93 was
given at length in the Chronicle, V. 57, p. 962, 977, 985 to 997, show
ing figures as below, but Mr. Little’s examination in 1894 disclosed
in the oificial reports an over-statement of earnings, which for the net
of the entire system amounted to $2,697,086 in year 1890-91, $1,512,224 in 1891-92 and $2,401,587 in 1892-3; and in 1893-4, prior to re
ceivership, $880,603. See “ Reorganization ” above.
g.
g.
gg.
Jan. 1,
Sept, l '
Oct. ff
Nov. l ’
June 1,
1,
1,
1,
1)
1997
19Ö7
19Ï 9
190f
1922
1936
1940
1898
19Ò
Ò
July 1, 1935
1,
1’.
lj
i;
1906
1906
190¿
19Í9
1034,1054, 1108; V. 59, p. 70, 135,151, 209, 228, 232, 290, 472, 514
551, 737, 780, 834, 854, 876, 878.)
A tch iso n System .—A tlan tic & Pacific.—('See Map).—L ine of
Road .—Owns western division from Isleta, N. M., near Albuquerque
to Big Colorado River, 560 miles, with branch, 4 miles, and Central
Division, from Seneca, Mo., to Sapulpa, Ind. Ter., 112 miles. Leases
from Big Colorado River to Mojave, Cal., 242 miles; trackage Atch. T.
& S. Fe to Albuquerque, N. M., 13 miles; branches to mines, quarries,
etc., 16 miles; total operated, 947 miles.
H istory and Stock .—Chartered by act of Congress July 27,1866
an Important link in the Atchison system. Authorized stock $100,000,
000 (par, $100), of which $79,760,300 has been issued, $51,503,800 of
this being owned by the Atchison Topeka & Santa Fe and the St. Louia
& San Francisco companies equally and deposited in trust for thirty
years. The stock is classed thus: Common, $78,317,600; Missouri Div.
pref., $42,700; Central Div., pref., $1,400,000.
R eceivership .—The Atchison went into receivers’ hands Deo. 23,.
1893, and in January, 1894, its receivers, J. W. Reinhart, J. J. McCook
and J. C. Wilson, were appointed receivers of the Atlantic & Pacific.
Mr. Reinhart resigned as receiver Aug. 10, 1894, and Major A. F.
Walker has been appointed.
Committees.—Francis S. Bangs, J. G. McCullough, Otto T. Bannard,
G. J. Wetzlar and William Basset are acting as a bondholders’ commit
tee of 1st mortgage 4 per cent guaranteed trust bonds, in concert with.
Amsterdam and Frankfort holders. Depositaries: State Trust Co., N.
Y., and Shawmut Nat. Bank, Boston. The Atchison reorganization
plan makes no provision for Atlantic & Pacific bonds. V. 59, p. 70, 290.
Bonds, &c.—The trust bonds due in 1937 are guaranteed severally
(but not jointly) by the Atchison and St. Louis & San Francisco, each com
pany guaranteeing one-half of each bond. They are secured by deposit
in trust of $16,000,000 Western Div. and $2,794,000 Central Div. first
mortgage bonds, and coupons for $2,524,150. The second mortgage
($5,500,000) is held by the guarantors. [Abstracts of mortgages in V.
49, p. 302.] Deferred liabilities [due Atch. and St. L. & S. F. j June 30,
1893, $15,568,079. Interest on 1st guaranteed 4s due Jan. 1 and July
1,1894, was not paid.
P urchase prom So . Pac .—In 1884 the Southern Pacific sold the 242
miles of road from Mojave to The Needles, to this company for $7,271,100, payable in Apr., 1905, in A. &P. first mort. bonds, issued on said 242
miles to amount of $6,059,250, and $1,211,850 in cash. Until clear title
to this piece of road is given, the Atlantic & Pacific has possession and:
pays 6 per cent per annum on the $7,271,100. The same negotiation
gave a right to run through trains to San Francisco over the Southern
and Central Pacific lines either on a mileage basis or at 3 per cent per
MR. STEPHEN LITTLE’S REPORT.
annum on $40,000 per mile. See Y. 39, p. 208; V. 40, p. 50. Court au
Expert Little’ s report as to earning^ on Atchison proper, 6,720 miles, thorized payment of rental due Nov. 1,1894, to Southern Pacific. V.
59, p. 780.
shows as follows (see V. 59, p. 877)—
Land Grant .—The grant claimed under the old A. & P. charter of July ,
Year.
Gross.
Net.
Other inc.
F I income.
1893-94.............. $30,425,903
$7,692,887
$557,980
$8,250,967 1866, is 25,600 acres per mile in Territories and 12,800 acres in States,
On the Western Division the oompany has earned under its grant 20,1892-93.............. 37,052,354
11,787,902
483,229
12,271,130
295,296 acres of land, 5,308,683 of which were sold to June 30,1893,
COMPANY’S REPORT.
leaving 14,986,613 acres undisposed of. Map of land grant was publish
Year ending June 30—
1892.
1891.
1893.
ed in Chronicle, V. 36, p. 468. Expenses and cancellations exceeded
receipts for year 1892-93 by $61,336.
Miles operated June 30.......
7,114
7,130
7,481
E arnings.—Three months, 51894, gross, $705,509; net, $105,990.
Total gross earnings........... $33,663,716 $36,438,188 $41,316,547
July 1 to Sept. 30.
(1893, gross, 718,481; net, 73,249.
Maintenance of road, &e..
$5,074,672
$4,954,113
$5,543,541
R evised E arnings.—Mr. Stephen Little’s report issued in is ovemMaintenance o f equipm’nt.
3,399,204
4,064,561
4,559,120
ber, 1894, showed earnings as follows for years ending June 30. (See
Transportation and traffic..
14,482,151
14,956,485
17,162,650
General................... .............
1,087,142
1,235,773
1,340,488 V. 59, p. 877.) Year 1893-94, gross, $3,137,730, against $3,564,045 in
1892-93; net, $174,735, against $502,125; deficit under taxes, equip,
Total operating expenses. $24,043,169 $25,210,933 $28,605,799 and imp. charges, etc., $596,814, against def. $247,810; interest
charges, $763,220, against $761,220 ; total deficit for year 1893-94,.
Net earnings.........................
$9,620,547 $11,227,255 $12,710,746 $1,360,034, against def. $1,009,030 in 1892-93.
71*42
Per c. of oper. ex. to earns..
69*19
69-24
Net floating debt April 30, 1894, is given as $589,506, and to be
provided for rolling stock and locomotives purchased, $1,048,126.
INCOME ACCOUNT OF CONSOL. SYSTEM.
E arnings.—In year ending June 30, 1893, gross were $3,564,045»
1892.
1891.
1893.
against $3,361,400 in 1891-92; net, $478,1Q6, against $550,064.
Net earnings.......................... $9,620,547 $11,227,255 $12,710,746 Fixed charges: Taxes, $120,000; interest on guar. 4s, $751,760; int.
Income from invest., &c.......
770,156
818,280
828,358 on 2d mort., $330,000; rental of Mojave Division, $436,266; rentals o f
cars and tracks, $68,299; total deficit, $1,227,416, against deficit in
Total net income............. $10,390,702 $12,045,535 $13,539,104 1891-92 of $1,161,450; interest on unfunded debt due Atch. and St. L.
Deduct—
& San Fran. $689,912. (V 55, p. 638, 989; V. 57, p. 9 9 0 ; V. 5 8 ,p. 42*
Interest on guar, fund notes.
$420,000
$407,822
$420,000 987,1108; V. 59, p. 70, 290, 780.)
“
“ 4 p. c. generals___
5,024,286
5,102,182
5,121,908
A tch ison System—Cerrillos Coal R R ,-O w n s 26,000 acres of
“
“ 5 p. c. incomes.:.. (2)1,587,791 (2^)1,992,160
“
“ 2d mortgage........
2,139,256 coal lands at Cerrillos, New Mexico. Control acquired by Atchison in
January, 1892, and above bonds guaranteed. The sinking fund is to
“
• Col. Mid.bonds..
'
595,023
Share of A. & P., int., etc___
478,255
470,902
466,360 retire the entire issue by maturity. See V. 55, p. 983.
A tch iso n System .—Chicago Santa F e & C alifornia.—See
Ren. of track and roll, stock.
614,979
619,820
688,392
Ren. of Mojave Div., (ig)___
218,133
218,133
218,133 Supplement of September, 1894.
. 1,240,018
1,103,500
1,278,488
A tch ison System .—Colorado M id la n d .—(See Map.)—Owns
St. L. & S. F. (agr. Oct., ’ 86).
260,302
342,164 from Colorado Springs to New Castle, Col., 234 miles; Aspen branch, 18
323,309
Miscellaneous........................
242,802
92,395
351,000 miles; Jerome Park branch, 15 miles; leases New Castle to Rifle Creek,.
14 miles; Rio Grande Junction RR., Rifle Creek, Col., to Grand Junction,
Total deductions.............. $9,936,159 $10,480,630 $11,620,724 on the Denver & Rio Grande, 62 miles; other, 7 miles; total, 350 miles*
Balance, surplus...................
$454,543
$1,564,905
$1,918,380 Busk Tunnel, from Busk to Ivanhoe, was completed in Dec., 1893.
H istory and Stock.—Completed Oct. 15,1888, and in October, 1890,
—(V. 57, p. 298, 375, 468, 638, 682, 721, 9 6 2 , 97 7, 978, 9 8 5 ,
1038,1100,1121 ; V. 58, p. 42, 81,126, 222, 430, 549, 635, 681, 987, Atchison purchased entire capital stock of $8,000,000. V. 51, p. 608.
N ovember , 1894.]
RAILROAD STOCKS AND
BONDS.
» 1
Subscribers w ill confer a great fa v or by g iv in g Im m ediate notice o f any error discovered In these T a bles.
RAILROADS.
Bonds —
Prinoi
I
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due
___
Amount
For explanation of column headings, &c., see notes of
of
Par
Outstanding K p ®Per When Where Payable and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Payable
Whom.
Dividend.
Atchison System—St. L. & San Fr.—(Concluded)—
St. L. & SanF. col. trust gold, sink. fd. not drawn, c* 103
Gen. M., g, (1st on 365 m.) $7,807,000 are 6s.e* 964
Collat. Tr. M. onbr’ ehes ($20,000 p. m.),gold. .c*
55
Cons.M. $50,000,000,gold,guar.p.&i.by At.o*<fer 1327
Equip. M., gold, $80,000 dr. ann’lly at 105.c* _
St. L. Wich. & W. 1st M., red. at 105, g., guar.p.&i.c* 145
Kan. C. & S. W. 1st M., g., red. at 110, Fnt. guar..c*
62
St. L. Kan. & S. W. 1st M., g., guar., red. at 110.c
70
St. L. Salem &A.lstM .,g., ¿uar.p.&i.,red. at 105. c*
54
Kan. Mid. 1st M., gold, $15,000p. m., guar. p.&i..c 107
Ft. S. &V.B. Bridge 1st M. ,g. ,dr. at 105,guar. p. &i.c*
Atchison System—Southern California—Pref. stock. 491
Atlanta < Charlotte—Stock(5-6 p. c., but see text).. 269
£
Preferred mortgage, subject to call at 100.......c* 265*3
1st M. [carries voting power 10 votes for ea. bond] r 265*2
Income bonds (not cumulative), guaranteed___r
Atlanta < Florida—1st mort. ($8,000 p. m.) gold..c* 105
&
Atlanta < West Point—Stock.......................................
&
86
Debenture certificates.................. ...........................
Atlantic City—1stM .,g.,gu. p.&i. (end.) byP.&R.c*
83
Atlantic < Danville—1st mort. gold, $16,000 p. m.c* 283
£
Atlantic < North Carolina—1st mortgage..............
&
Atlantic < St. Lawrence—Stock, 0%rental Grand TPk 150
&
Atlantic Tennessee < Ohio—1st mortgage................
&
44
Augusta < Savannah—Stock 7% rental Central G a..
6
53
Augusta Southern—1st pref. lien, g., red. at 105. c&r
85
New first mortgage, $400,000...............................
85
1880 ,$1,000
1,000
1881
1887
1,000
1890 100 &c.
1880
1,000
1879
1,000
1886
1,000
1886
1,000
1886
1,000
1887
1,000
1885
1,000
100
100
1877
1,000
1877
1,000
1880
500
1889
1,000
100
1881
1,000
1889
1,000
1887
1,000
1887
1,000
£&$100
1883
1893
1894
$100
500
$ 1, 100,000
20, 100,000
1.099.000
See text.
77.000
2,000,000
744.000
890.000
810.000
1.608.000
369.000
See text.
1.700.000
500.000
4.250.000
750.000
840.000
1.232.200
1.232.200
2.200.000
4.952.000
325.000
5.484.000
150.000
1.032.200
60.000
(*)
6 ë F.
5 & 6 g. J
A.
I g.- A.
4 e
f # J.
6 g. M.
6 g. J.
M.
t g- J.
A g- J.
£ g6 g. A.
&
&
&
&
&
&
&
&
&
M.
A.
J.
A.
M.
J.
J.
M.
A.
J.
M.
A.
J.
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
See text.
7
7
6
6 gSee text.
6
5 g6 g.
6
6 per an.
6
7 per an.
7 g.
5
& A. Feb., ’94, pd. Apr. 2, ’94.
A J . Jan.,’94, pd. June 29,’94
O. N. Y., Union Trust.
O. Oct.. ’93 coup, lastpaid.
D. June,’94, pd. Aug. 1,’94
S. Sept., ’94, pd.Oct. 22,’94
J. Jan.,’94, coup, lastpaid
S. Mch., ’94, coup, last pd.
D. Dec., ’93, coup, last paid
D. Dec., ’93, coup, last paid
O. N.Y.,B’ring,Mago’n&Co
8. N.Y.Cent.Tr.Co.,54Wall
O.
do
do
J.
do
do
O.
do
do
N. May, 1892, coupons on.
J.
Atlanta, Ga.
J.
Atlanta, Ga.
N. Phila.,Read. Ter. Bldg.
O. Oct., ’90, coup.last paid.
J. Balt.,Nl.F’rm’rs’ &P.Bk
S. London and Portland.
O. Oct., ’93, paid Dec., ’93
D.
See text.
D. N. Y., & Augusta, Ga.
Aug.
July
Oct.
Oct.
June
Sept.
Jan.
Sept.
Dec.
June
Apr.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1920
1931
1987
1990
1895
1919
1916
1916
1936
1937
1910
Sept. 6, 1894
Apr. 1, 1897
Jan. 1, 1907
Anr. 1, 1900
Nov. 1, 1993
July 3, 1894
Co’s option.
May 1, 1919
Oct. 1, 1917
July 1, 1917
Sept., 1894.
1913
Dec., 1893.
Deo. 1, 1923
R eceivership , E tc.—Receivers are J. J. McCook, J. C. Wilson and i
A tch ison System—Southern C alifo rn ia.—See Supplement of
A. F. Walker. Consol, mort. interest due Feb. 1, 1894, was not paid.
Interest on first mortgage, due June 1,1894, and Busk Tunnel bonds, September, 1894.
due July 1,1894, was not paid.
A tla n ta & Charlotte A ir L in e.—Owns from Charlotte, N. C., to
B ondholders’ Committee .—For Colorado Midland first and consol.
Ga., 269 miles. Formed February 27,1877, after
4s, J. R. Busk, T. M. Davis, Wiliam Lidderdale, George Mosle, W. G. Atlanta, W. P. T er . R eorganization .—Under Terminalforeclosure.
R. &
Reorgan
Rathbone, W. D. Sloane; depositary, Central Trust Co., N. Y. Oscar ization plan, modified Feb. 20,1894, the bonds of Atlanta & Charlotte
Bunke, Secretary, 41 Wall Street, New York.
were left undisturbed, but it was suggested that the rental might have
Bonds.—Abstract of first mortgage in V. 45, p. 540, and of consol,
receive smaller
mortgage in V. 51, p. 572. Central Trust Company is trustee of both. to be modified so that stock should iat maturity) at dividends until the
be refunded
a lower
of in
The consols are guaranteed by Atchison. Both issues of equipment 7 per cent bonds can 385; also Southern Ry. mortgage, V. ratep. 787.
58, p.
bonds are redeemable by sinking funds at 105, and are to be paid at terest. See V.consol. 5s for $1,700,000 can be used only to 59,
Southern Ry.
acquire a
maturity at same rate. The Busk Tunnel bonds ($1,500,000 author like amount of th ii company’s stock.
ized) are guaranteed principal and interest by the Midland. Due
D ividends have been—From 1881 to 1889, inclusive, 5 per cent yearlv:
Atchison July 1,1893, $1,249,401.
in 1890, 5* in 1891, 6; in 1892, 6; in 1893, 6 p. o.; 1894] 6 p. o.
2;
E arnings.—3 months, V1894.............Gross, $392,738 ; net, $12,145
July 1 to Sept. 30.
¿ 1 8 9 3 .. ....... Gross, 348,409; net, 16,775
A tla n ta & F lo r id a .—Owns from Atlanta southerly to Fort Valley
R evised E arnings.—Mr. SteDhen Little’s report (issued in Nov., ’94 ) Ga., on Central Railroad of Georgia, 105 miles. Sold at auction May 2,
for the years ending June 30 (on 350 miles) showed earnings as follows 1893, for taxes due the State. Receiver was discharged, but in October,
i s e e j . 59. p. 877): For year 1893-94, gross $1,463,256, against $2,140,- 1894, W. B. Thomas, of Augusta, was appointed receiver. There are
4)06 m 1892-93; net $121,667, against $341,629; deficit under taxes, said to be claims amounting to $147,000. Reorganization pending.
improvements, etc., $47,567, against def. $13,557; interest charges, Stock, $1,115,000 ; par $25. Mortgage trustee Central Trust Co. In
$600,186, against $595,023; total deficit for year 1893-94. $647 753 year ending June 30,1892, gross earnings were $103,324 ; deficit under
operating expenses, $229. In year 1890 gross, $128,842 ; net, $7,550.
against deficit $608,580 in 1892-93.
—(V. 54, p. 2 8 7 ; V. 56, p. 578, 792, 972.)
Floating debt (net) on April 30,1894, is given as $183,358.
A nnual R eport .—Report for 1892-93 in V. 57, p. 977 and 991.'
_ A tlan ta Ac W e st P o in t.—Owns from Atlanta, Ga., to West Point,
- X earCross.
Net. Rentals, etc. Interest.
Deficit. Ga., 86*2 miles. In April, 1881, control was acquired by the Central
1892-93............ $2,140,006 $341,629 $235,970 $595,023 $489,364 RR. of Georgia through lease of the Georgia Railroad, etc.
596,860 238,397
1891-92............ 2,103,600 563,583 205,120
D ividends begun in 1855 were for many years 8 percent per annum.
—(V. 56, p. 164, 247, 834; V. 57, p. 22, 9 7 7 , 9 9 1 ; V. 58, p. 81, 222.)
From Jan. 1,1884, to July 3,1894, 6 per cent yearly.
A tch ison System .—St. L o u is & San Fran cisco.—(See Map.)
E arnings.—3 months, > 1894............ Gross, $107,261; net, $34,425
Owns St. Louis. Mo., to Seneca, 326 m iles; Pierce City to Wichita.
July 1 to Sept. 30.
5 1 8 93 ...........Gross,
97,630; net, 29,706
Kan., 217 miles ; Monett, Mo., to Paris, Tex., 303 m iles; branches, 199
A nnual R eport.—Fiscal year ends June 30. For 1893-94, gross
miles; total owned June 30,1893,1,046 miles. Leases 282 miles, and
half owns the Atlantic & Pacific, 947 miles; Wichita & Western, 125 $479,768; net, $180,176. Report for 1892-93 shows the following,
over $39,000 for extraordinary expenses having been charged to oper
miles; total (counting one half of mileage half owned), 1,864 miles.
Committee.— Consolidated Mortgage Committee: Francis Peabody, ating expenses: Gross earnings, $446,732 net, $131,174; interest on
bonds, $73,932; dividends paid, $73,932 ; deficit, $16,690. In 1891-92
Jr., J. Kennedy Tod and F. W. Whitridge; depositaries, American L. &
gross, $475,802. (V. 57, p. 4 65 .)
T. Co., Boston, and Manhattan Trust Co., N. Y.
Receivership .—Receivers are J. J. McCook, J. W. Wilson and
City.—Camden to Atlantic City,57
branches,
A. F. Walker. In January, 1894, Louis Fitzgerald, Edward King, ofA tlan tic of which 14 leased. Consolidationmiles; withControlled&o.
40 miles,
by
Isaac W. Seligman, Ernst Thalmann and S. D. Davis were appointed a Philadelphia & Reading RR. Stock , common, in 1889.
$1,200,000; preferred.
fit. L. & San Fran, bondholders’ committee. Bill for foreclosure under $1,000,000; (par, $50), of which $1,198,600 common and $952,300
St. L. & San. Fr. general mortgage was filed in May, 1894. V. 58, p. 774. preferred owned by Phila. & Beading, and deposited as part security
Coupons.—The coupons in default on Nov. 10,1894, included Series for their collateral 5s
A, B and C of Nov., 1894, general 5s and 6s of July, 1894, and consol 3 p. c.; in 1892 aboutof 1892. D ividends on preferred: In 1891 about
p. o.; in 1893
Trustee of
idated 4s of April, 1894. January, 1894, gen. mort. coupons were gage, Guarantee Trust7'8 Safe Dep. Co.about 8'3 p. o.year ending mort
&
of
Nov.
paid June 29,1894. V. 58, p. 1108. See table above for date of pav- 30, 1893, gross eurnings were $813,241;Phil. In
net, $206,133; interest
ment of overdue coupons. K. C. & 8. W. July, 1894, int., St. L. Salem & charges and rentals, $124,993; balance, surplus, $81,140, against sur
A. June, 1894, int. and Kan. Mid. June, 1894, int. was not paid. St. L plus of $88,664 in 1891-92.
K. & 8. W. first mort. int. due Sept. 1 ,1894, was not paid. A. B & C
bonds had May, 1894, coupons paid Oct. 22,1894.
A tlan tic Ac D a n v ille.—Completed February, 1890, Portsmouth
Capital Stock .—Common. $35,500,000; preferred,$10,000,000; 1st near Norfolk, to Danville, Va., 204 miles, and James River Junction to
Claremont (3 feet gauge) 51 miles; branches, 28 miles; trackage, 2
pref., $4,500,000. The stock is all owned by the Atchison.
miles; total, 285 miles, of which 56 miles 3 foot gauge.
1 B onds.—Of the consolidated mortgage, see full abstract in V. 54 p
H istory .—Receivers appointed in January, 1891. Road was sold
244. On July 1.1893, consols outstanding were $11,494,800; demand
loans due Atchison secured by consols (additional), $1,453,155; bills April 3,1894, to B. Newgass & Co. of London for $1,100,000. Operated
payable, $448,651. N. Y. Stock Exch. in November, 1894, reported. toy A. B. Thom, Receiver, pending organization of a new company
Under reorganization plan, bondholders paying an assessment of 25
$14,294,500 consols outstanding
p. o. to receive 25 per cent In new 5 p. c. bonds, 60 per cent in preferred
Bauds .—Assets were estimated June 30,1893, at $429,965.
and 40 per cent in common stock for old bonds. See plan V. 58, p. 815.
EARNiifGS.—3 months, <1 8 9 4 ......Gross, $1,595,956 ; net, $721.287 Stook, $5,754,890; par, $100; oar trusts, $313,960 June 30, 1892.
Juiy 1 to Sept. 30.
(1893........ Gross, 1.707,544 ; net, 732,402
E arnings.—In year 1892-93 gross, $576,812;
R evised E arnings.—The report of Mr. Stephen Little, issued in No —permanent improvements, $43,656; deficit net overtaxes, $13,600;
for year, $30,056. (V
vember, 1894, gave earnings for the years ending June 30 (on 1,327 56, p. 164; V. 58, p. 512, 594, 815.)
miles) as follows. (See V. 59, p. 877.) For year 1893-94, gross $6,186,■667, against $7,635,136 in 1892-93; net, $2,221,538, against $3,117’A tlan tic Ac N orth C arolin a.—See Supplement of Sept., 1894.
213; deducting taxes, rents, etc., balance applicable to interest, $1,E
year ending June 30,1894, gross,
■671,995, against $2,383,812; deficit under fixed charges in 1893-94 $68arnings.—For $33 ,8 21 ; balance, surplus, $35,008 ; $146,478; net,
,8 29 : charges,
paid dividends,
$599,662, against surplus over charges, $115,424 in 1892-93,
$35|950i
Floating debt (net) April 30,1894, is given $487,752; to bejprovided
A tla n tic Tennessee Ac O hio.—Owns road from Charlotte, N
for locomotives, $43,767.
*
Statesville,
Leased for 99 years from Oct. 1,
^ A nnual r EPOrt.—Company’s report for 1892-93 was in V. 57, p. G »to to Charlotte N. 0., 44 miles.for interest on bonds and 4 p. o. on
1881,
Col. & Augusta
stock. Operated under temporary arrangement by Southern Railway
Years ending June 30.—
1891.
1892.
1893.
Co. Stock .—$400,000; par $50. Under the Richmond Terminal re
Mileage............. ................................. 1,329
1,3281,328
organization plan of
the first mortgage
Gross earnings.................................. $6,748,508 $7,053,228 $7,542,658 turbed, but the stock Feb. 20, 1894, future negotiations. 6s are not dis
is reserved for
Net earnings......................................$2,907,650 $3,040,044 $3,089,507
A u gu sta Ac Savan n ah .—Owns from Millen to Augusta, Ga., 53
Other income....................
72,926
156,992
163,804
miles. Leased in perpetuity to Central of Georgia for $73,000 per
Total . ..
.$2,980,576 $3,197,036 $3,253,311 annum. Lessee is In receivers’ hands, and June, 1893, dividend was not
■Charges (mcl.imp’ts in 1890-91).. 3,079,920
2,610,418 2,763,545 paid. Dec., 1893, dividend was paid April 9, 1894. The U. S. Cir
cuit Court in June, 1893, decided that if the A. & S. stockholders were
Balance St. L. & S. F. proper. -def.$99,344sur.$586,618sur.$489,766 not willing to accept in lieu of rental all net earnings not in excess oZ
A .& P . and Wich. & West, int..........
650,129
627,679
564,918 the agreed rental, that the road should be surrendered to them.
E arnings.—For year ending June 30, 1893, gross were $254,945 ;
st; B.& S. F. System.................. def.$749,473 def.$41,061 def.$75,153 net, $91,688. In year 1890-91 gross, $232,405; net, $72,310.
L atest E arnings—9 mos. < 1893-4, gross, $165,304; net, $46,667.
W 595p 737 ) " 2 5 V‘ 58’ P‘ 69, 384’ 43° ’ 595’ 681’ 774,110®’ 1109 5
July 1 to Mar. 31,
11892-3, gross, $208,024; net, $85,498.
22
INVESTORS’
SUPPLEMENT.
[Vol. LIZ.
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered In these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
of
For explanation of column headings, <fcc., see notes
Cent. Payable
Whom.
Road. Bonds Value.
on first page of tables.
Dividend.
Austin t£ Northwestern—1st mort. g., gu. p <Szi..c*<fcr 103
90
Bald Eagle Valley—1st mort. (s. f ., drawn at 100). .r
Baltimore <£Annap.S.L.-lstM. (4p.c.aft.Jan.l,’97)g.
28
Baltimore Chesapeake < Allan.—1st mort., gold..o*
6
Balt. <t Lehigh UR.—See text.
Baltimore < Lehigh Ry.—Mort., $250,000; no bonds
6
Baltimore < Ohio—Stock (see remarks)............. ......
&
1st and 2d pref. stock, cum., $3,000,000 is 1st pref
Loan due in 1880. extended, payable at w ill........ 379
Loan, 1853, extended in 1885, gold..................... 379
Loan, 1870. sink, fund £16,000 yearly, not drawn 379
Mortgage 1872, sink, fund £12,000 semi-annually 421
Mortgage 1874, sink, fund £9,000 semi-annually. 421
Bond to City Baltimore (payable $40,000 yearly). 379
511
Consolidated mortgage (for $29,600,000) gold.o*
Loan, 1877 (s. f. dr’n at 100) (B.& 0.<ScCh.bds.eolT)c 263
N. W. Virginia RR. 1st M. (ext. in 1888) assum.c) 104 j
B. <c O. loan 1879 (Parkersb’g Br. bonds collat.) 5
S
Mort. on Phila.Br., with Balt. &Phila. bds.as col.c 108
12
Wash C P.L. (Alex.Br.) 1st M.g.s.f.$36,000 p.an
.«Sc
Pittsburg & Connellsville 1st mortgage................ 149
149
Consol, mort., gold, guar. (s. f. £7,200 per yr.)
B. & O. loan,’85,g. (Pitts. & Conn.bds. as col.). cf&r 149
1st Terminal mortgage, gold (see text)..........c*
Car trust loan, gold ($250,000pd.yearly Jan. 1) ,c
Equipment trust ($100,000 paid yearly April 1)
Equip, trust, Ser.B.,$200,000 due y’rly Nov. l.c*
10
• £ f Schuyl. R. East Side RR. 1st M., g. (guar.)
o
32
|Monongahela River RR., 1st M., g, guar.c*
® o '] Balt. & N. Y. RR., 1st M., gold, guar.. .c&r 5ia
73
1 Akron & Chic. June, lstm ., gold, int. gu.c*
j ci |Balt.Belt.lstM.for $6,000,000,g.,int.gu.c*
8
"P i l 2d mortgage, $2,500,000, gold...............
1891
1880
1894
1894
1853
1853
1870
1872
1874
1875
1887
1877
1855
1879
1883
1873
1868
1876
1885
1894
1887
1889
1890
1886
1889
1889
1890
1890
1894
$1,000
1,000
........
5 g. J. & J. N. Y., Cent. Trust Co. July 1, 1941
6
F. & A. Phila.,F.Ins.Tr.«ScS.Dep. Jan. l , 1910
3 4 g. J. & J.
Jan. 1, 1944
S
5 g. M. « c S.
Sept., 1934
6
250,000
100 25,000.000 See text. M. & N.
100
5,000,000 6 per an. J. & J.
4
J. & J.
579,500
500 «S
ee.
500 &c.
1,709,500
4 g. A. & O.
3,454,792
£200
6 g. M. & S.
S
£100
9,301,512
6 g. M. <c S.
9,634,504
£200
6 g. M. & N.
J. <c J.
S
240,000
6
S
1,000 10,100,000
5 g. F. <c A.
6,857,312
£200
5 g. J. & D.
140,000
6
J. « s J.
S
$1,000
A. «fc O.
3,000,000
6
1,000
£200 11,616,000
413 g. A. & O.
J. « c D.
S
540,000
1,000
6 gJ. <c J.
S
4,000,000
7
1,000
J. « e J.
S
6,567,880
£200
6 g.
S
$1,000 10,000,000
5 g. F. « c A.
8,500,000
1,000
4 1 g. J. & D.
a
S
750,000
1,000
4 ^ g. J. « e J.
500,000
A. <c O.
S
1,000
5
M. « c N.
S
1,200,000
5
1,000
4,500,000
J. « c D.
S
1,000
5 g.
S
700,000
1,000
5 g. F. <c A.
S
350,000
1,000
5 g. M. « c N.
S
1,500,000
1,000
5 g. M. « c N.
S
6,000,000
1,000
5 g. M. « c N.
S
Sep.’94.none
4 ^ A. <c O.
A u gu sta Southern.—Owns from Augusta to Sandersville, Ga., 80
miles (narrow gauge), and Sandersville & Tennille RR., 4 miles. The
Au. So. was a reorganization in May, 1893, of the Augusta Gibson &
Sandersville. Under the new reorganization plan there will be issued
$400,000 new first mortgage 5 per cent bonds to standard gauge the
road and retire the $60,000 prior lien bonds outstanding; new nreferred stock for $350,000 to go to A. G. & S. bondholders; and new
common $400,000. E arnings for 11 months ending March 31,1894,
gross, $68,655; net, $17,439; extraordinary expenses, $9,000. Presi
dent, James U. Jackson, Augusta, Ga.
A u stin Sc N orth w estern .—Owns from Austin to Llano, Texas,
99 miles; branch, Fairland to Marble Falls, etc., 6 mile'»; total, 105
miles, all standard gauge. Stock authorized and outstanding $1,016,000; par $100, of vhich the Southern Pacific Company owns $1,008,000. The land grant was 600,000 acres. Mortgage trustee Atlantic
Trust Co. The 5 per cents are for $20,000 per mile and have principal
and interest guaranteed by the Southern Pacific Company.
E arnings.—9 months. (1894.............gross, $180,110; net, $64,279
Jan. 1 to Sept. 30.
if1893.............gross, 166,002 ; net, 51,168
For year 1893 gross $254,986, against $304,266 in 1892; net $103,482 against $130,561; other income, $13,851; interest and taxes,
$102,704; balance, surplus, $14,629. (V. 54, p. 1009 ; V. 56, p. 331.
ald E agle V a lle y .—Owns from Vail Station, Pa., to Lockhaven
Pa., 51 miles; branches to Sugar Camp, etc., 39 miles. Leased to
Pennsylvania Railroad Company for 99 years from December 7,1864.
Rental, 40 per cent of gross earnings. Rental in 1893 $219,174. In
1892, $258,632; surplus over fixed charges, $228,625, out of which
paid dividends (10 per cent) $140,625. Stock authorized, $2,000,000;
outstanding, $1,535,000 (par $50), of which Pennsylvania RR. Jan. 1,
1894, owned $706,250. Dividends are paid F&A. (V. 56, p. 625.)
B altim ore & A n n a p olis Short L in e.—Owns road from Balti
more to Annapolis, Md., 28 miles. Formerly Annapolis & B. S. L., sold
in foreclosure in 1894. Stock .—Common, $400,000; prel’d, $500,000.
Mortgage is for $600,000, bonds for $100,000 being reserved.
B altim ore Chesapeake & A tlan tic B y .—Owns Claiborne to
Ocean City, Md., 89 miles; from Claiborne to Baltimore, 42 miles, trans
fer is made by water. H istory .—A reorganization in 1894 of the
Baltimore & Eastern Shore, which was sold Aug. 29,1894 (V. 59, p.
371), the Maryland Steamboat Co., Eastern Shore S. B. Co. and Choptank S. B. Co. Fifteen boats are owned.
Stocks and Bonds.—Preferred is $1,500,000, entitled to 5 per cen t;
common, $1,000,000. First mortgage is for $1,250,000 40-year gold
bonds. Atlantic Trust Company, New York, is trustee. President,
John E. Searles, New York. (V. 59, p. 152, 371.)
B altim o re Sc L eh ig h R a ilro a d .—As to Maryland end see
Baltimore < Lehigh Railway below. Pennsylvania division, Delta to
te
York, Pa., 34 miles, was sold Aug. 6,1894, to Warren F. Walworth,
but in Nov. was still in the receiver’s hands. See also York Southern.
- ( V . 59, p. 228.)
B a ltim o re Sc L eh ig h B a llw a y .—Road from Baltimore to
South Delta, Md., 44 miles. A reorganization July 31, 1894, of the
* Maryland end of the Baltimore & Lehigh Railroad, sold in foreclosure
in June, 1894. Capital stock is $850,000; par $100. Mortgage is to
Mercantile Trust & Deposit Company of Baltimore, for $250,000, at 6
per cent, and is not represented by bonds.
E arnings.—Aug. <c Sept.) 1894........... gross, $31,509; net, $10,213
S
2 months.
51 8 9 3 ........gross, 30,387; net, 4,059
President, John Wilson Brown, Baltimore, Md.
B altim o re Sc O hio.—(SeeMap).—Operates from Baltimore to Phila
delphia and Baltimore to Chicago, and has, via the Baltimore & Ohio
Southwestern, a direct route to Cincinnati and St. Louis, the total
mileage leased, owned and operated ("excluding the Balt. <cOhio South
S
western) being in July, 1894, 2,065 miles, of which 756 miles are
west and 1,309 miles east of the Ohio River. The “ Blue Line” (see
. Central RR. of N J.) enables it to reach New York, near which, on
Staten Island, it has freight terminals. See 8. 1. Rapid Transit. Also
operates the Valley RR. of Virginia, 62 miles, and Fairmont Morgan
town & Pittsburg. V. 57, p. 255. Controls the Valley of Ohio, and is
£ interested in the West Virginia & Pittsburg (see that co.)
H istory , Leases, «S c.—Chartered in Maryland Feb. 28,1827, and in
e
Virginia March 8,1827. First section opened May 24,1830. The Tele
graph Co’s, stock was sold to Western Union for $5,000,000 Western
Union stock at par and a rental of $60,000 per year for fifty years. A
contract or lease made with the Chic. &N. Pac. in Deo., 1891, gives use
of ample terminals in Chicago. See Ch. & N. P. and V. 55, p. 898.
A controlling interest in the stock of the Pittsburg & Western (which
see) was acquired in 1891—see below. Also owns a controlling interest
in the B. & O. S. W., which see. For contract with Akron & Chicago
Junction and Baltimore Belt roads see V. 51, p. 344.
Capital Stock .—See application for listing in N. Y. in V. 54, p. 368,
Preferred stock carries 6 per cent dividends only.
In Nov. 1891, the stock was increased from $14,792,566 to $25,000,000 to pay a 20 per cent stock dividend, $2,161,800 for purchase of
Pittsburg & West. RR. stock and about $5,000,000 for Improvements.
B
$1,920,000
348,000
500,000
1,250,000
Balt. Office, Cent. Bldg. Nov. 15,1894
do
do
July 2, 1894
do
do
At will.
do
do
Oct. 1, 1935
Lond’n,Baring Bros&Co Mch. 1, 1895
do
do
Mch. 1, 1902
London,J.S.MorgamScCo May, 1910
Baltimore, Office.
July, ’95-1900
N. Y., Union Trust Co. Peb. 1, 1988
London, J.S.Morgan«feCo June 1, 1927
Baltimore, B. & O. RR. Mch. 1, 1902
N. Y., D. M. <cCo. <cBalt. Apr. 1, 1919
S
S
London, Brown, S. <cCo. Apr. 1, 1933
S
Baltimore, Office.
June 1, 1913
Baltimore, B. <c O. RR. July, 1898
S
Lond’n, J.S.Morgan«ScCo. Jan. 1, 1926
N. Y., Union Trust Co. Peb. 1, 1925
New York.
June 1, 1934
Balt’me, Merc. Trust Co. 10 p. c. yearly
Phila., Fin’ce Co. of Pa. 1895 to 1899
do
do
Nv. 1,’ 95-1900
Phila., Solicitors’ Co.
Dec. 1, 1935
N.Y., Central Trust Co. Peb. 1, 1919
N.Y., Drexel-M.; &Balt. May 1, 1939
N. Y., Merc. Trust Co. Nov. 1, 1930
N.Y.,Brown Bros.«feBalt Nov. 1, 1990
Apr. 1, 1944
D ividends on Common Stock .—In 1880, 9 ; in 1881 to 1885, inclus
ive, 19; in 1886, 8 ; in 1887, 4 ; then none until 1891, when paid 20
p. 0. in stock Dec. 31; in 1892, 3% p. e. cash; in 1893, 5 p. c.; in 1894,
May, 2 ^ p. c.; Nov., 2 p. c . ' See V. 59, p. 696.
B onds.—In addition to bonds given above as outstanding the B. & 0 .
sinking funds held June 30,1894, consols of 1887 to the amount of
$5,830,000 (interest on which is paid in consols themselves) and other
first-class interest-bring bonds to the amount of $5,152,368.
The loan of 1883 is secured by first mortgage on the road from Can
ton, Md., to Delaware State line, 52 miles, ana by pledge of first mort
gage bonds of Balt. & Phila. RR., Delaware State line to Junction near
Philadelphia, and Landenberg, etc., branches, 56 m iles; total, 108
mil s.
The consolidated mort. o f 1887 (trustee. Mercantile Trust <cDep. Co.)
S
covers the main line, Baltimore to Wheeling, and branches, 444 miles,
the two Ohio River bridges, stock of the Washington branch for $1,028,000, and the entire issue of first mort. bonds ($5,000,000) on the road
between Pittsburg and Wheeling. The consols unissued are reserved to
retire priorbonds not held by sink, funds. Mort. abstract V. 46, p. 804.
The terminal mortgage of June 1,1894 (trustee. Mercantile Trust Co.
ofN . Y.), covers certain lands and terminal properties used by the
company in Baltimore, Cumberland, Brunswick and Benwood, Md.,
and at Phila. and Pittsburg, Pa. It is also secured by deposit there*
under of certain stocks ana bonds of the Metropolitan Southern RR.,
Schuylkill River East Side RR., Washington & Western Maryland R.R.
and Georgtown Barge Dock Elevator & Ry. companies, amounting to
par value of $4,773,250. See abstract in V. 59, p. 71. The mortgage
provides for a present issue of $8,500,000 gold 4 1 per cent bonds and
2
an additional issue of $6,500,000.
Guaranties.—In addition to the bonds given in the table, the com
pany guarantees the following bonds. See statement for this co.1T
B. & O. Southwestern 1st 4*ss.
IT Win. & Potomac, $147,250 1st 6s.
Columbus <c Cin. Midland 4 12S. I
S
T
do
do
1st consols.
Staten Island R. T. 2d 5s.
IT Pitts. Clev.& Tol., as to int., 1st 6s.If
Valley of Va., $413,000 1st 6s. IT West Va. & Pitts., as to int., 1st 5s.1J
General F inances, &c.—This company operates one of the leading
trunk lines to Chicago, as well as a line to Cincinnati and St. Louis.
After having paid dividends for many years the company passed the
November, 1887, and subsequent dividends on common stock. In 1892
cash dividends were resumed. Special loans and bills payable were
$4,119,655 July 1,1894. For offsets see Chronicle of November 24,
1894. The terminal bonds (see mortgage above) for $8,500,000 were
sold in London in June, 1894. The mortgage provides for the lease by
the B. & O. of certain real estate and terminals in Baltimore, Phila.
Pittsubrg, etc., at an aggregate annual rental of $375,000. V. 59, p. 72.
By consolidation of the B. & O. Southwestern and Ohio <c Mississippi,
S
Nov. 1,1893, the B. < O. gained a direct line to St. Louis.
fc
E arnings.—4 mos., ) 1894....... gross, $8,212,656 ; net, $2,820,100
July 1 to Oct. 31.
j 1893......gross, 8,972,014; net, 3,372,456
A nnual R eport.—Fiscal year ends June 30. Annual meeting at
Baltimore on the third Monday of November. Report for 1893-94
was given in full in Chronicle of Nov. 24, 1894. In year 1893-94
$4,724,156 spent for maintenance of way and of equipment was
charged to operating expenses.
1893.
1894.
Year ending June 80—
$26,214,807
$22,502,662
19,041,982
15,560,689
Add income from other sources.
Net earnings Washington B ranch....
Fixed oharges...................................
Dividends on 1st and 2d pref. stock..
Dividends on common stock...............
Payments to retire bonds,...... ...........
$6,941,973
1,982,858
$7,172,825
2,251,377
$8,924,831
205,001
6,522,581
300,000
(2*a) 624,935
7 60,347
$9,424,202
213,537
6,697,225
300,000
(2^) 624,922
759,711
$828,807
$511,967
-1893.-1894.Net.
Oross.
Net.
Cross,
Year end. June 30—
Main Stem, &c...............$10,685,629 $4,107,708 $12,155, 766 $4 ,093,078
145,744
827
Parkersburg B ranch....
753,401
175,084
ÉBB 779
213,537
769, 388
Washington Branch.......
656,561
205,001
640,393
2,139,
Philadelphia Division...
1,833,842514,070 325
961,571
3,209, 092
Pittsburg Division........ 2,602,334
709,312
40,627
655, 396
Wheeling & Pitts. D iv..
489,447 def. 10,019
34,613
----. .
347,300
75,732
372, 526
Midland Division,
240,043
1,326 853
166,658
Central Ohio Division... 1,069,428
189,480
946! 262
706,093
126,400
Lake Erie Division........
df.8,829
148, 544
99,623 def.12,445
Straitsville Division---571,884
3,288 086
Chicago Division........... 2,870,546def.815,198
50,685
375 789
Akron Division.............
388,458 def.69,274
T ota l...........................$22,502,662 $6,941,973 $26,214,807 $7,172,825
—(V. 57, p. 21,255, 763, 808, 8 7 8 , 8 9 2 , 893, 8 9 5 ,1 1 2 2 ; V. 58, p.681,
715,1108 ; V. 59, p. 70, 71, 291, 696, 880.)
BONDS
AND
STOCKS
ItAIKKOAD
November, 1894.]
2 t
USTYESTORS’
SUPPLEMENT,
[V o l . L i x
Subscribers w i ll confer a great favor by g iv in g Im m ediate notice o f any error discovered In these Tables.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles
Size, or
Amount
pal,When Due.
For explanation of column headings, &c., see notes of
of
Par Outstanding Rate per When Where payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
cent. Payable
Whom.
Dividend.
Salt. < Ohio Southwest.—Cin. & Balt. 1st mortgage.
&
B. &O. S.W. RE.,IstM., gold (guar. p. &i., ena.).c*
Ohio & Miss., 1st con. M., s.f. ($112,000 are 6s)o*
2d oonsol. mort. (sink, fund), no drawing_ o*
_
Spring.Div. (Sp.& HI. S.E.) 1st M. ($3,000,000) c*
Equip. Tr.,3 series, 10 p. ct. dm. yearly at 100.c*
B. & O. S. W. By., 1st con. M., g., gu. (end.) .c*&r
Income mort., A & B (A, $8,581,000)........... c&r*
B. & O. S. W. Term. Co. 1st M. gold, guar., p&i..*
Balt. < Potomac—IstM. (tun.) g., s. f.lp.c.,notdf’n.o*
&
1st M., road,guar., gold, s. f. 1 p. c., not drawn, .e*
Consolidated mortgage for $10,000,000, gold.„ c*
Bangor d Ar.—1st M.$3,360,000($16,000 p.m.) g.c*
h
Bang.&Piscata.—Pref.M. Green Ext.,“ assumed.”
Bonds held by City of Bangor, “ assumed” ......
Bath < Hammondsport—1st mortgage, gold...........
&
Second mortgage, gold.........................................
Beech Greek—Stock (guaranteed 4 per cent by end.)
1st M.,g, guar.p.&i. (end.)................................. c&r
2d M. for $1,000,000, gold, guar. p. & i. (end.) .c&r
Clearf.Bitum. Coal 1st M.,int.gu. by Bh. Cr., gold.o
Bellaire Zanesville < Gin.—Prior lien mort. ,red. atl05
6
IstM. for $1,000,000 ($262,000 res.for pr.l’n bds.)
Belt BB <•Stock Yard o f Indianapolis—1st m ort..
£
do
mortgage for $1,000,000 gold.___
Behoidere Bel.—IstM ., ext’d in ’7 7 ,conv.,gu ar.....c
Cons. M. of ’76, guar, by Un. Co’s & Pa. RR.,s. f . .r
do
sinking fund................................... .......r
Bennington <t Butland—1st mortgage................
5
281
393
393
222
909
909
90
92
95
77
77
10
10
149
149
149
Ï02
102
1869 $1,000
$333,000
7 ■ J. & J. N. Y., Farmers’ L. & Tr.
1889
1,000 10,667,000
4 ^ g. J. & J.
do
do
1,000
1868
See text.
6 & 7 J. & J.
do
do
1871
1,000
do
A. & O.
7
do
do
1874
1,000
do
7
M. & N.
do
do
’87-’91 1,000
257,000
6
Various N.Y.BaringMagoun&Co
1893 l,000&c 10,202,000
New York.
4*3 g. J. & J.
1893
1,000 17,450,000
1892
1,000
1,500,000
5 g- M. & N. N. Y., Farmers’ L. & Tr.
1871
1,000
1,500,000
6 g- J. & J. Balt. Office and London.
1,000
1871
3,000,000
6 g. A. & O. Balt. Office and London.
1889
1.000
3,000,000
5 g. J. & J.
do
Calvert St.
1893
1,000
1,504,000
5 g* J. & J. N. Y., Guar. & Ind. Co.
1883 500 &c.
300,000
5
A. & O. Boston, Merch. Nat. Bk.
1869
1,000
925,000
6 & 7 A. & 0.
Bangor, Me.
1889
1,000
100,000
5 g. J. & D.
New York City.
1893
1,000
200,000
5 g. A. & 0.
do
do
50
5,500,000 4 per an. Q —J. N.Y., Gr*nd Cent. Depot
1886
1,000
5,000,000
do
do
4 g. J. & J.
1892
1,000
500,000
do
do
5 g. J. & J.
1891 100 &e.
803,100
4 g. J. & J. N. Y., Knickerb’r Trust.
1889
1,000
250,000
6
J. & J. N. Y., Farmers’ L. & Tr.
1890
1,000
738,000
4
J. & J.
1876
500,000
6
J. & D.
Indianapolis.
1,000
1881
500,000
6 g. M. & N. Phila., W. H. Newbolds.
1,000
1867
1,000,000
6
J. & D. Philadelphia, Pa. RR.
1885-7 1,000
1,249,000
4
Various Philadelphia, Pa. RR.
1893
1,000
600,000
4
J. & J.
do
do
1877
1,000
475,000
M. & N. N.Y., Union Trust Co.
7
B altim ore Sc Ohio Southw estern—("SeeMap o f Baltimore < Ohio).
£
Boad Owned—
Miles.
Boad Owned—
Miles.
Cincinnati to East St. Louis___339 Blanohester to Hillsboro.......... 22
No. Vernon to Jeffersonville... 53 New Albany & Eastern.................. 8
Beardstown to Shawneetown..228 Cincinnati & Bedford............... 11
Cincinnati to Belpre.................. 193 Trackage in Cincinnati............. 1
Marietta to Belpre..................... 11
Portsmouth to Hamden........... 55
Total operated Apr., 1894___921
Double track and sidings 270 miles.
H istory , E tc.—This railway co. was a consolidation on Nov. 1,1893
of the B. & O. S. W. BB. and the Ohio & Miss, per plan in V. 56, p. 504]
Capital Stock .—Stock is $30,000,000, of which $20,000,000 is 7 p
c. non-eumulative preferred. The $10,000,000 common is held by the
B. & O. and carries control. All the stock has been issued.
B onds.—Abstract of first mortgage of 1889 (guaranteed by B. & O.)
was in V. 51, p. 245. Of the $37,500,000 first consols.. also guaranteed
principal and int. by B. & O., $11,000,000 are reserved to retire at ma
turity the B. & O. S. W. firsts; $1,500,000 to retire a like amount of
B, & O. S. W. Terminal firsts ; $20,500,000 were to be issued in ex
change for Ohio & Mississippi bonds of the several issues and the pre
ferred stock; and $4,500,000 will be available for improving the Ohio
& Mississippi and for other purposes. The total may be increased by
issue of four per cent bonds for terminals, double tracks, equipment, etc.
Of the first consols $9,080,000 were reported outstanding in April,
1894, of which $6,615,980 were issued for exchange of old securities
and $2,464,020 for improvements, etc.
The income mortgage 5 per cent gold bonds (Farmers’ Loan & T. Co.,
trustee) are non-cumulative. Series A ($8,750,000) are prior to B ($10,000,000) for principal and interest. In August, 1894, $8,581,000
series A had been listed on N. Y. Stock Exchange; numbers A 8,000
to 8,169, inclusive (not listed), are reserved for old securities.
Ohio < Miss, general mortgage bonds were all deposited for exchange,
£
but bonds o f the other issues to a considerable aggregate still remain
outstanding—exact amount unknown. These other issues were origi
nally as follow s: 1st consols, $6,613,000; 2d consols, $3,213,000 ;
Spring Div., $2,009,000; Cinn. & Bedford 5s, $135,000; New Albany &
East. 5s, $150,000. For terms of exchange see Sept., 1893, Suj*
plem’ t .
E arnings.—From July 1 to Oct. 31,1894 (4 months), earnings of
consolidated company were, gross, $2,286,256, against earns, of both
companies in 1893 of $2,300,463; net, $926,553, against $898,526.
The combined results of before consolidation are given b elow :
Years—
Gross earns.
Net.
Charges, die. Bat., surp.
1892-93............. $6,958,597
$2,207,246
...............
............
1891-92............. 6,877,146
1,961,265
$1,741,257
$220,008
1890-91............. 6,435,646
1,928,916
1,714,654
214,262
1889-90............. 6,510,762
2,047,711
1,472,185
*575,526
—(V .55,p. 297, 542, 639, 87 9, 89 3, 899; V. 56,p 332,414,440,464,
504, 580, 669,1057; V. 57, p. 341, 721, 763; V. 58, p. 382, 635, 637,
650.)
B altim ore Sc P o to m ac.—Owns from Baltimore, Md., to South End
Long Bridge, Va., and branch, 44 miles; and from Bowie to Pope’ s
Creek, 49 miles; total, 93 miles—including tunnel in City of Baltimore;
leases branch 4 miles; total 97 miles. Controlled by Penn. RR. Co.
Stock .—$4,914,250 (par $50), of which Pennsylvania RR. owns
$4,081,100 and Northern Central $622,850. B onds.—Consols are
reserved to retire all the prior bonds as they mature. The first mort
gage bonds are guaranteed by Pennsylvania RR. and Northern Central.
E arnings.—In year ending Oct. 31,1893, gross earnings, $1,945,571;
net (including $300 of “ other income” ), $396,647; interest on bonds,
$420,000; int on equipment, $51,853; other charges, incl. $65,452 for
improvements, $97,494; deficit for year, $172,700.
B an g or Sc A roo stoo k .—Owns from Brownville to Monticello,
Me., 105 miles. The road is being extended toward Presque Isle,
a total distance of 200 miles. It operates under 999-year lease
(terms V. 56, p. 204) the Bangor & Piscata. RR., Oldtown to Greenville
(Moosehead Lake) 77 m., with its leased line to the Katahdin Iron Wks.,
17 miles, and has assumed Bangor & Piscataquis bonds. Total oper
ated in Sept., 1894, 199 miles. Stock authorized and outstanding—
Common, $1,050,000; preferred, 5 p. c., non-cum., $1,100,000—par $100.
Mortgage trustee is N. Y. Guaranty & Indemnity Co. V. 56, p. 204.
E arnings.—In year ending June 30, 1893, gross, $184,581; net,
$67,098; rents and taxes, $52,887.
H ath Sc H a m m o n d sp o rt.—Owns road from Bath, N. Y., to
Hammondsport, N. Y., 10 miles. Chartered in 1872. Stock, $100,000;
par, $100. E arnings.—For year 1893 gross, $35,560; net, $19,609 ;
balanoe, surplus over interest and charges for year, $4,287.
B eech Creek.—('See Map adjoining N. Y. Central.)—R oad—Jersey
Shore, Pa., to Mahaffey, 113 miles; branches, to Philipsburg, to mines,
&c., 37 miles; total, 150 miles; trackage to Williamsport, 16 miles, and
to Patton 20 miles; total operated, 186 miles. Extension about 100
miles southwest to Pitts. McKeesport & Yough. RR. is proposed.
L ease , &c.—From October 1, 1890, leased to the N. Y. Central &
Hudson River RR. for 999 years at interest on bonds and 4 per cent
on stock. Carries mostly coal and coke: in 1892-93, 2,985,127 tons; in
1891-92, 2,799,089 tons. The operating expenses are relatively low
Jan. 1, 1900
Jan. 1, 1990
Jan. 1, 189»
Apr. 1, 19U
Nov. 1, 190©
10 p. c. yearly..
July 1, 1993
July 1, 2043
May 1, 1942
July 1, 1911
Apr. 1, 1911
July 1, 1929
Jan. 1, 1943
Apr. 2, 1913
Apr. 1, 1899
June 1, 1919
Apr. 1, 1923
Oct. 1, 1894
July 1, 1936
July 1, 1936
Jan. 1, 1940
July 1, 1899'
Jan. 1, 1940
Dec. 1, 1896.
Apr. 30,1911
June 1, 1902
Sept., 1925-27
Jan. 1, 1933
Nov. 1, 1897
since the trains carry extraordinarily heavy loads of freight, the aver
age per train in 1893-94 being 528 tons. Average rate per ton per mile
0'42c. against 0‘48c. in 1892-93.
Stock and B onds.—The bonds are endorsed with the New York
Central’s guaranty of principal and interest. See V. 52, p. 570. In
June, 1892, stockholders authorized the issue of $1.000.000 new second
mortgage 5 per cent bonds and $1,000,000 new stock, both guaranteed
by the New York Central. These securities will be issued from time to
time to pay for extensions of the road through Clearfield in a south
westerly direction about 70 miles, reaching undeveloped coal fields.
In September, 1894, $500,000 of these 5 per cents and $500,000 of stock
had been issued to pay for extensions, etc. Car trusts (5 per cents)
June, 1894, $259,500. The Clearfield Bituminous Coal Corporation
has capital stock, $825,000. Bonds authorized, $825,000; retired by
sinking fund to October, 1894, $21,900.
D ividends—On preferred, 1886 to 1888, inclusive, 5 p. c. per annum;
in 1889, 2^s; in January, 1890, 5 p. o ; in 1891 stock all made common,
and dividends of 4 per cent guaranteed. See guaranty V. 52, p. 570.
A nnual R eport.—Fiscal year ends June 30. Report for 1893-94
was in V. 59, p. 779, showing gross earnings $1,125,533; net $329,807;
premiums, $25,000; tlrst charges, $332,972; dividend, $220,000; balnce, deficit, $198,165. In 1892-93 gross, $1,347,200; net, $729,969.
—(V. 55, p. 21, 54 2, 551; V. 56, p. 331; V. 57, p. 639, 7 2 0 , 723; V. 58,
p. 344; V. 59, p. 779.)
B ellaire Zan esville Sc C in cin n ati.—Owns Bellaire, O., to
Wilhelm Station, O., 102 miles, three foot gauge; Muskingum County
Railroad, Wilhelm to Mill Run, 9 miles; trackage B. & O. RR., Mill Run to
Zanesville, 1 mile; total operated, 112 miles. The road is being made
standard gauge. Reorganized in 1889. Stock is: Common, $832,000;
preferred, $795,910; par $50. In year 1893 gross, $103,498; net, $14,971, agst. $13,754 in 1892.
B elt Ballroad. Sc Stock Y a rd o f In d ia n a p o lis.—Owns 14
miles of belt road, etc., at Indianapolis. Leased for 999 years to In
dianapolis Union—which see. Stock is: Common, $1,000,000; pre
ferred 6 per cent (ILj per cent quarterly), $500,000; par, $50. In 1892
the company stated that the “ common stock had not paid less than 3
p. c. semi-annually (J. & J.) and at times more for past fifteen years.”
The mortgage' of 1876 is held by the Cicy of Indianapolis.
Belvidere D elaw are.—Owns from Trenton, N. J., to Manunk&
Chunk, N. J., 67miles; FlemingtonRR.,&c., 14 miles; operated cut-off, 1
mile; total operated, 82 miles. Leased to United Companies, and trans
ferred to Penn. RR. March 7,1876. Net earnings paid as rental. The
first mortgage (convertible into stock) and the $1,249,000 4 per cents of
1885-7 are guaranteed by the United Companies, and their guaranty
assumed by the Penn. RR. under its lease. In 1893, net, $301,959, agst.
$216,141 in 1892; Interest on bonds, $143,680, agst. $160,248; interest
on rolling stock, $17,865, agst. $26,784. Dividends of 6 per cent are
paid. Stock, $1,150,000 (par $50).
B erk sh ire.—Owns from Connecticut State Line to West Stockbridge, Mass., 21 miles. Leased from ApriM , 1893, for 99 years to the
New York New Haven & Hartford at 6 per cent on stock. Old lease to
Housatonic is suspended but not canceled.
B irm in g h a m Sheffield Sc Tennessee B lv e r .—R oad —Sheffield
to Parrish, Ala., and branches, 119 miles. E. A. Hopkins, of Philadel
phia, was appointed receiver in June, 1893. Extension from Parrish
to Birmingham, 40, miles, is proposed. Stock—$3,275,000; par,
$100. M o r t g a g e trustee is Knickerbocker Tr. Co. E a r n in g s — In year
1892-93 gross, $233,891; net, $43,026; interest on bonds, $148,750.
In 1891-92 gross, $227,311; net, $87,650. Matured coupons unpaid
June 30,1893, $440,069; oar trusts, $222,763. Y. 56, p. 1014.
B o sto n Sc A lb a n y .—Owns from Boston, Mass., to Albany, N. Y..
202 miles; numerous branches, 104 miles; leased lines, 83 miles; total
operated, 389 miles. A consolidation of December, 1867.
Stock—In 1889 obtained permission from the Legislature to issue
$10,000,000 additional stock, $7,000,000 being for bonds due in 1892,
the remainder for improvements. On Jan. 5,1892, $5,000,000 of this
new stock was issued to retire 7 per cents due Feb. 1.
D ividends—Cash dividends at the rate of 8 per cent yearly have been
paid for many years. Stock dividend, 10 p. c. in 1883 and 3 hi p. c. in 1886.
B onds.—New bonds for $5,000,000 were authorized in Sept., 1893; of
these, $2,000,000 to retire bonds maturing in 1895, balance for con
struction. V. 57, p. 547. In July, 1894, $3,627,000 had been issued.
Bills payable Sept. 30,1894, $480,500.
E arnings.—
Gross
Net
Fixed
Balance,
July 1 to Sep. 30. earns.
earn'gs.
charges.
surplus.
$862,962
$172,618
$690,344
1894.................. $2,330,354
1893................. 2,557,740
589,702
131,465
458,237
A nnual R eport.—Fiscal year ends June 30. Report for 1893-94 in
V. 59, p. 191, stated that of the $528,028 spent during the year for
3d an 14th tracks, elimination of grade crossings and improvements,
$328,028 were charged to operating expenses and $200,000 carried
forward to debit of 3d and 4th tracks.
36
INVESTORS’
SUPPLEMENT.
[V o l . I I X .
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these T ables.
Bonds—Prlnei RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When DueAmount
For explanation of column headings, &c., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
ROad. Bonds Value.
Cent. Payable
Whom.
Dividend.
Berkshire—Stock 6 p. c. (rental N. Y. N. H. & Hart.)
21
$100
$600,000 See text. Q .-J . Stockbridge. Treasurer. Oct., 1,1894:
Birm. Shef. &Tenn. Riv.—1st M., $25,000 p.m., g.c* 119 1889
1,000
2,975,000
5 g. A. & O.
In default.
Apr. 1,1929
__
Boston < Albany—Stock ($30,000,000 authorized).. 389
&
100 25,000,000 8 per an. Q .-M . Boston,Of.Kneeland St. Sept. 29,1894:
Bonds of 1875 not mortgage.............................c&r . . . . 1875
1,000
1,990,000
6
do
do
July 1, 1895
__
1882
_
3,858,000
Bonds (not mort.) issued to State for its stock_ r
5 \ A. & 0.
do
do
Apr. 1, 1902
1893
3,627,000
4
A. & 0.
do
do
Oct. 1, 1913
....
iö o
Pittsfield & North Adams (leased) stock...........
19
450,000 5 per an. J. & J.
do
do
July 2, 1894
Ware River RR. stock, 7 p. c. rental 999 years ,
....
100
49
750,000 7 per an. J. & J.
do
do
July 3, 1894
.... . . . .
Boston < Lowell—Stock.. 1
6
100
6,329,400 See text. J. & J.
Boston, at Office,
July 2, 1894
_
1875
Bonds,not mortgage.. |
500,000
7
M. & S.
do
do
Mch. 1, 1895
Bonds,
1876
do
750,000
6
J. & J.
do
do
July 1, 1896
_
Bonds,
do
1879
620,000
5
J. & J.
do
do
July 1, 1899
1883
Bonds,
do
►Boston & Maine gives!
250.000
4 1 M. & N.
2
do
do
May 1, 1903
Bonds,
do
1885-9
a rental guarantee
3,675,000
4
Various
do
do
1905-6-7-9
Bonds,
1892
do
for 99 years.
1,000
1,000,000
o*..
4
A. & O.
do
do
Apr. 1, 1932
.
Bonds,
do
1893
o*..
1,000
1,000,000
4
F. & A.
do
do
Feb. 1, 1913
L.&L. andS.&L. bonds.
426,900
6
A. & O.
do
do
Oct.l897&’98
,
Nash. &Low plain b’ds.
1880
100,000
5 g. J. & J. Nashua, 3o.’s Office.
July 1, 1900
....
Boston < Maine—Stock, common.............................
6
100 18,739,200 See text. See text
Boston at Office.
Nov. 15,1894
__
Preferred stock, 6 per cent, non-cumulative.. . ,
100
3,149,800 6 per an. M. & S.
do
do
Sept. 1,1894
Imp’nt bonds ($1,000,000 due Feb., 1905) s. f . . . .
1,000
4
F. & A.
1,500,000
do
do
Feb.,1905&’07
._ 1885-7 1,000 1,919,000
Improvement bonds................................ ...............
1887
4
F. & A.
do
do
Feb. 1, 1937
Bonds (not mortgage) for imp. & ref............... c&r .
1892 1000&O.
2,500,000
4
F. & A.
dò
do
Aug. 1, 1942
Bonds, not mortgage, gold___
1894
L000
6,000,000
4^2 g. J. & J.
do
do
Jan. 1. 1944
Eastern RR.certs.of indebt.lstM., g.,s.f.,notdm.c 119 1876 $ & £
8,822,780
6 g. M. & S. Bost.; Lond., Baring Br. Sept. 1, 1906
Portsmouth Great Falls & Conn. 1st mortgage..c
73" 1877 500&C.
998,000
Boston, at office.
June 1, 1937
413 J. & D.
__
Boston d Prov.—Stock, 10 p. e. guar. 99 yrs., Old Col.
h
68
100
4,000,000 10 pr.an. Q —J. Boston, Of., Sears Bldg. Oct. 1, 1894
Boads, not mortgage........... ...............................c* .
’88-’93 1,000
2,170,000
4
do
J. & J.
do
July 1, 1918
__
Boston Revere Beach < Lynn—Stock........ .................
&
100
850,000 See text. J. & J.
Boston.
July 2, 1894
1st; mortgage...........................................................c
9 1877
1,000
350,000
6
J. & J. Boston, Of. Atlantic Av. July 15,1897
Boston Winthrop & Shore 1st mort assumed ...
M. & S.
8 1886
1,000
289,000
5
do
do
Sept. 1, 1906
Brooklyn Bath <£ West End—See Stkeet R’ y D ep ARTM ENT.
Tear ending June 30—
1892.
Gross earnings. . . . . . . . i . . . ____ $9,863,316
Operating expenses and taxes. 7,403,183
1894.
Total net, includ. other income.................. 6,092,719
5,754,570
$9,190,276 Interest......................
1,101,650
1,213,391
6,720,288 R en ta ls............. ........................................
2,167,413
2,311,370
Taxes...........................
726,136
822,018
Net ea rn in gs................. $2,460,133
$2,419,786
1,580,155
$2,469,988 Dividends..............................................
1,321,031
80,413
Sinking fund.....................................
67,282
Interest p a id ........................ . $517,067
$381,410
$312,900
78,000
Rentals........ ............................
78,000
78,000
Balance, surplus......................................
$436,952
$19,478
Dividends (8 per cent)... 1,800,000
2,000,000
2 ,000,000
- (V . 56, p. 82, 205, 245, 289, 463. 464, 668, 835; V. 57, p. 34 1 , 63 5 ,
Balance, s u rp lu s ...................H$65,066
$28,886
$10,578 638, 853, 938; V. 58, p. 305, 866; V. 59, p. 331, 598, 878.)
ITDeduct Government claim allowed, $43,006; surplus, $22,060.
B osto n & Providence.—Owns Boston, Mass., to Providenoe, R. I.,
—(V.>56, p. 247, 754; V. 57, p. 216, 2 9 6 , 547, 809; V. 58, p. 224, 817, 44 miles; branches, 20 miles; leases to North Attleborough, 4 miles.
902 ;|V. 59; p. 1 5 1 ,1 9 1 , 835.)
Leased for 99 years, April 1, 1888, to Old Colony RR.; rental, 10 per
B o sto n & L o w e ll.—R oad—Owns Boston to Lowell, 27 miles; cent yearly on stock. Old Colony to July 1,1892, had invested $1,671,branches—Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles; 938 in road on lease improvement account.
others, 3 ■ miles ; Middlesex Central, 11 miles; leases—Manchester &
2■
B oston B evere B each & L y n n .—Owns narrow-gauge road
KeeneRRl, 29 miles (ownediointly with Concord & Mon. RR.); Central
MassacbusettS, 104 miles ; Connecticut & Passumpsio, 147 miles; total (rom Lynn to East Boston, Mass., 9 miles, connecting with Boston by
company’s ferry boats; Boston, Winthrop & Shore Div., East Boston to
leased, 280 miles; total owned and leased, 369 miles.
Winthrop, 5 miles, with branches 3 miles. Notes payable (net) June,
L eases.—Leased in 1887 for 99 years to the Boston & Maine at 7 per 30, 1894, $89,635. Dividends: From 1888 to 1891 inclusive, 7 p. c.
cent pn stock till January, 1897, and 8 per cent thereafter
per ann.; in 1892, 5 ^ ; in ’93,5 p. c.; in ’94, Jan., 2*a p. c.; July, 2 p. c.
Stòck and B onds.—Stock authorized, $6,529,400. In January, 1894,
E arnings.— In year ending June 30,1894, gross, $301,383; net, $95,$400,000 of, 4s due 1913 were issued, and in February $200,000 stoçk 521; interest, $38,342; taxes, $14,679; dividends, $42,500. In 1892-93,
and $200,000 more 4s of 1913 were issued for improvements and gross, $317,471; net, $96,258. (V. 56, p. 289, 754; V. 57, p. 299.)
elevator at Mÿstic Wharf. (V. 54, p. 78.)
B ro o k ly n & B rig h to n B ea ch .—Owns double-track road from
B o sto n & M aine. R oad —The system includes the following:
Atlantic Ave. com er Franklin Ave., Brooklyn, to Brighton Beach, L. I.,
Lines owned.
Miles. Other branches leased............... 633 7*2 miles. Sold in foreclosure in Oct., 1887. Connection is to be made
Boston, Mass., to Portland, Me.116
with Kings Co. Elevated by extension along Franklin Ave. Stock is—
Boston to N. H. State Line.... 41 Total operated July 1,1894..1,293 common, $500,000; pref., $500,000. Stock assessed 3*2 p. c. in 1893.
Conway June., M e.,'to North
Double track..........................273 In year 1893-94 gross earnings were $91,183, against $98,713 in 1893;
Copway, N. H................ .. 1... 73 Controls Me. Cent, (which see). 822 net,: $8,587, against $19,150; interest and other charges, $42,915.
Sundry branches.......... ...........140
Portland & Röchest e r .... ... 55 “ terminal property,” $32,577; balance, deficit, for year, $66,905.
Lines leased.
Miles.
St. Johnsbury & Lake Champ.131 Total deficit June 30,1894, $269,652. On July 1,1894, loaus and bills
Boston to Sherbrooke, C a n ___290
York Harbor & B ea ch .......... 11 payable were $325,350. Mar., 1894, coupons were paid May 1; Sent.,
The leased lines include: Boston & Lowell, Central of Mass., Nashua 1894, coupons paid at Cen. Tr. Co. Pres., Gen. J. Jourdan, Brooklyn.
& Lowell, Northern of N. H., Worcester Nashua & Rochester, Con - (V. 55, p. 506; V. 57, p. 426; V. 59, p. 421.)
necticut River, etc.—for terms of leases see each company.
B ro o k ly n B a th A W e st E n d .—See Street R’ y D epartment.
Organization , E tc.—In 1890 a consolidation was made with the
Eastern Railroad of Massachusetts and the Portsmouth Great Falls &
B ro o k ly n E levated.—Owns from Fulton Ferry and Brooklyn
Conway, on terms in Y. 50, p. 589. Authority to consolidate with its Bridge to East New York, 5-73 miles; Broadway and Lexington Avenue
other leased lines was granted in 1891. In January, 1893, authority to to Broadway Ferry, 2-78 miles, and Myrtle Avenue to Adams Street and
acquire the Concord & Montreal was sought from the Massachusetts Brooklyn Bridge, 4-82 m.; branch to Greenwood, 3-58 m.; Seaside & B. B.
Legislature. See V. 56, p. 205,463, 668. From Jan. 1,1893, the Con E. RR.to Cypress Hills, 1-4 m., and to 65th St., 1 8 m.; total, 20-11 m.
necticut River Road was leased for 99 years. See V. 56, p. 245.
H istory .—In October, 1890, consolidated with the Union Elevated.
In October, 1892, Mr. McLeod became President, and in May, 1893,
Stock .—Stock is $13,283,600 (par $100).
resigned. An agreement with N. Y. N. H. & H. regarding division of
territory was made in ’93. (V. 56, p. 464.)
B onds.—When net earnings suffice, a sinking fund will purchase
Brooklyn Elevated 2d 5s if obtainable at 90 ana first 6s at 105—no
Stock .—Common stock authorized, $21,819,300; preferred stock bonds drawn. Union Elevated first mortgage is for $7,000,000; the
3,149,800 ; outstanding in July, 1894, as in table above. In 1891-92 second for $2,500,000; trustee of both, Central Trust Co. Abstracts in
4,592,100 stock was issued to stockholders at par. (Y. 52, p. Y. 49, p. 583. See also V. 48, p. 129; V. 49, p. 471.
•164,349,) and in July, 1892, $750,600 more was authorized to retire
The Seaside Company's mortgage is for $4,000,000, of which $3,000,the stock of the Chelsea Beach, &c., roads, mostly owned by B. & M. 000 for the construction and equipment of the roads north of SixtyOf the common stock $945.200 held by mortgage trustees of Eastern fifth Street and $1,000,000 for those south of it. V. 55, p. 722.
RR. and $376,200 held by B. & M. June 30,1894, draw no dividends.
Loans and bills pay able June 30,1894, $300,000; receivable, $275,496.
D ividends .—On preferred in full to.date.
E arnings.—3 months, S 1894, gross, $380,990; net,$134,900
July 1 to Sept 30.
{ 1893, gross, 394,846; net, 131,115
On common 5 ’83 •’ 84 ’85 ’86 ’87 ’88 ’ 89 ’90 ’91 ’92 ’93 ’94
since .’ 82.P.C. ( 8
8
8 9 ^ 10
9
9 9*2
9
8 8 6
A nnual R eport.—Fiscal year ends June 30. Annual statement for
B onds.—In Dec., ’93, $6,000,000 4 ^ p. cts. were sold to fund floating 1893-94, with balance sheet, was in V. 59, p. 370, showing:
debt and to retire $2,000,000 of 7 per cents due J an. 1,1894. See also
Tear.
Gross.
Net. Oth. income. Int., taxes,<£c. Surplus.
leased lines, Boston & Lowell, Connecticut River and St. Johnsbury & 1893-94...$1,755,262
$678,600
$5,917
$811,135df.$126,618
Lake Champlain, for bonds sold by them in December, 1893. West 1892-93... 1,935,683
843,970
11,447
744,309 111,108
Amesbury Branch RR. (formerly leased) was purchased in 1893-94 for 1891-92... 1,825,327
794,799
9,327
661,374142,752
$100,000 in B. & M. 4 p. c. bonds.
—(V. 57, p. 342, 5 9 4 ,5 9 5 ; V. 58, p. 42,307,864; V. 59, p. 115, 370.)
In November, 1894, the floating debt had all been paid off. Charlestown land mortgages are $597,300. Jointly with Maine Central guar
B ro o k ly n & R o e k a w a y B ea ch .—Owns road from East New
antees $300,000 Portland Union Ry. Station bonds.
York (Brooklyn) to CanarsieLanding, Jamaica Bay, 3*2 miles (of which
L atest E aknings.—For 3 months ending Sept. 30 earnings w ere:
3 miles double track), and operates ferry to Roekaway Beach. Rails
3 mos.— Gross.
Oper.%
Net.
Charges.
Bal.,surp. 50-56 pounds steel. Does a large summer excursion business, running
42 trains daily each way. Stock is $150,000 ; par, $50. D ividends .—
1894....$4,704,482 59-29
$1,914,919
$1,058.684 $856,235
1 8 9 3 .... 4,798,011
67-08
1,579,873
1,053,524
526,349 In 1890 and 1891, each 5 per cent; 1892,6 per cen t; 1893,10 per cent.
In 1893-94 gross earnings were $68,333; net, $20,101; fixed charges
A nnual R eport.—Fiscal year changed to end June 30. Annual and
meeting second Wednesday in October. Annual report 1893-94, was net, taxes, $19,328; surplus for year, $776. In 1892-93 gross, $75,966;
$30,878. (V. 59, p. 6 0 0 )
in V. 59, p. 598.
1893.
$10,169,875
7,750,089
t
Tear Ending June 30.
1893.
Miles operated............................................
1,293
Passenger departm ent.......I...................... $8,463,143
Freight department............................. .
7,987,851
Mails, express, etc...-..................................
774,331
T o ta l...............
$17,225,325
Oper, expenses, excl. taxes....................... 11,736,497
Net earnings...............................
1894.
B u ffalo Bradford. & P ittsb u rg.—Owns from Carrollton, N. Y.,
1,293
to Gilesville, Pa., 26 miles. Completed in 1866, and leased to New
$7,894,968 York Lake Erie & Western for 499 years. Rental, 7 per cent on out
7,260,587
standing bonds, $40,600 a year. Capital stock, $2,286,400; par $100.
806,7 21 Advances by lessee to July 1,1892, $243,544.
B u ffalo C re e k .—Owns 6 miles of terminal road in Buffalo, N. Y.
$15,962,276
10,860,580 In January, 1890, leased for term of charter less one day, to the
Lehigh Valley and ihe N. Y. Lake Erie & Western, which together own
$5,488,828
*
$5,101,696 entire capital stock of $250,000.
BONDS.
AND
STOCKS
RAILROAD
N ovembre , 1894.]
28
INVESTORS’
SUPPLEMENT.
[Y ol. i i x ,
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In these Tables.
RAILROADS.
Bonds—Princ /INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due. '
Amount
For explanation ol column heading, &c., see notes of
of
Par
Outstanding Bate Per When When Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Brooklyn < Brighton Beach—1st mortgage............e 7*2 1887 $1,000
£
$500,000
5
M. & S.
See text.
Sept. 1, 1927
Brooklyn Elevated—lstm ., gold, s. f., not drawn.. .c*
6 1884
1,000
3,500,000
6 g. A. & 0. N. Y., Cent. Trust Co. Oct. 1, 1924
2d mortgage, gold, sinking fund, not drawn___c*
6 1885
1,000
1,250,000
do
do
July 1, 1915
5 g- J. & J.
Union El., 1st M. ,$550,000 p. m., gold,assumed.c
11 1887
1,000
6,150,000
6 g. M. & N.
do
do
May 1, 1937
2 d M.,inc., non-cum., $185,000per mile, gold.c
11 1887
1,000
2,068,000
J. & J.
do
do
5 gJan. 1, 1927
Seaside & B’klyn B. 1st M. gold, guar. p. & i..o&r
4 1892
1,000
1,500,000
5 g- J. & J. N. Y., Cent. Trust Co. July 1, 1942
Brooklyn dkRockaway Beach.—1st M., $350,000, g . c*
3*2 1891
300,000
Brooklyn. N. Y.
6 g- M. & N.
May 1, 1931
Buff. Brad. < Pitts.—Gen. M. (10,000 acres land ). .r
&
26 1865
i ,000
580,000
7
J. & J. N. Y. L. Erie & W. RR. Jan. 1, 1896
Buffalo Greek—1st mortgage....................................r
6 1882
1,000
250,000
6
J. & J. N. Y., Farmers’ L. & Tr. Jan. 1, 1907
Consol, mortgage for $1,000,000 gold................ c*
6 1891
1,000
238,000
do
do
5 g- J. & J.
Jan. 1, 1941
Buff. N. Y. dt Erie—
Stock (7p. c. rent. N.Y. L. E.&W.) 142
100
950,000 7 per an. J. & D. N. Y. L. Erie & W. RR. June 1, 1894
1st mortgage....................................................... ..e* 142 1876
1,000
2,380,000 7 per an. J. & D.
do
do
June 1, 1916
Buff. Hoch. & Pitts.—Stock, ¿apref., 6 p. c. non-cum. 334
....
100 12,000,000 See text.
N. Y., 36 Wall Street.
See text.
R. &P. IstM , gold, Rochester to Salamanca___o* 108 1881
1,000
1,300,000
6 g- F. & A. N. Y., Union Trust Co. Feb, 1, 1921
R. & P. consol, mort., $20,000 per mile,gold, g.o* .... 1882
1,000
3,920,000
6 g. J. & D.
do
do
Deo. 1, 1922
_
B. R. &P. 1st general M. ($10,000,000) gold_ c* 272 1887
1,000
4,118,000
5 g. M. & S.
do
do
Sept. 1, 1937
R. & P., car trusts, $675,000 are gold............. c*
Var’s
1,000
844,000 5,6 & 7 Various N. Y., Gallatin Bank. Yar. to 1900
Lincoln Park & Charlotte 1st mort.,gold,guar. c*
Ï Ï 1889
1,000
350,000
5 g. J. & J. N. Y., Union Trust Co. Jan., 1939
Perry Railroad 1st mortgage, guaranteed.......
20,000
7
1902
Real estate mortgage...........................................
314,500
B. R. & P. car trusts, (Series II.) $220,000.......... .... 1894
130,000
5
June 1, 1895
Buffalo< Southw.—IstM., gold,int.guar. by Erie.c*
6
67 1877 50 &o.
1,500,000
6 g. J. & J. N. Y., First Nat. Bank. July 1, 1908
Buffalo d¡ Susquehanna—1st mort., gold, s. f..e*<fcr
75 1893 500 &c.
1,078.000
Oct., 1913
5 g- A. & O. N. Y., H. Fisk & Sons.
Burlington Cedar Rapids < Northern—Stock...........
£
100
5,500,000 See text. F. & A. N. Y., Com Exch. Bank. Aug. 1, 1894
1st mortgage..................................................... c*&r
369 1876 lOO&c.
6,500,000
5
J. & D. N. Y., Central Trust Co. June 1, 1906
Iowa City &West.,lstM.,g.,int.gu.,red.at 105.e*&r
73 1879
1,000
584,000
7 g. M. & S.
do
do
Sept. 1, 1909
Ced. Rap. I. F. &N. W., IstM. g., guar.,red. at 105
55 1880
1,000
825,000
do
dò
Oct. 1, 1920
6 g- A. & O.
Consol.lstM., gold, guar. (See text) $4,000,000.c .... 1881
1,000
1,905,000
do
do
5 g. A. & O.
Oct, 1, 1921
B.C.R.&N. con.IstM . &col. trust,gold..........e*&r
All 1884 l,000&c
5,841,000
5 g. A. & O.
do
do
Apr. 1, 1934
Minneapolis & St.Louis,lst mort., gold (assumed)
12 1877 500 &c.
150,000
7 g. J. & D. N.Y. Continental Trust. June 1, 1927
Butte Anaconda < Pacific.—1st mort., $3,000,000.
6
1893
5
(?)
1923
(?)
B u ffalo N ew York; & E rie.—Owns from Buffalo, N. Y., to Cor
ning, N. Y., 142 miles. Leased in 1863 to the Erie Railway Co. for 490
years, and new operated by the New York Lake Erie & Western Com
pany. Rental, $238,100—viz., 7 per cent on stock and bonds, and
organization expenses. Dividends and interest paid directly by lessees.
B u ffalo R ochester & P ittsbu rg R a ilw a y .—(See Map.)—Oper
ates from Buffalo and Rochester, N. Y., to the bituminous coal regions
around Walston, Pa., 336 miles in all, including:
Lines owned in fee—
Miles.
Leased-Entire sfk own'd— Miles.
Buffalo Creek, N. Y., to Howard
Johnsonburg & Bradford RR.~
June., Pa................................. 81
Howard Juno, to Mt. Jewett. 20
Clarion Juno., to Walston, Pa. 66 Lincoln Park & Charlotte........ 11
Rochester to Ashford, N. Y ___ 93 Perry RR..................................... l
Four branches to mines.........
14 Clearfield & Mahoning—IT
Trackage—
Clearfield to Beech Creek RR. 26
Erie—Mt. Jewett to Clarion J .. 20
Buffalo Creek RR. into Buffalo. 4
Total (TfSee this Co.)............336
Organization , etc.—Successor in March, 1887, to the Rochester &
Pittsburg, which was foreclosed in October, 1885. In April, 1890, con
trolling interest in the stock was purchased by a Buffalo syndicate,
headed by the Bell, Lewis & Yates Coal Mining Company, a certain
coal tonnage being guaranteed to the railroad for five years. See Y.
50, p. 560, 589. The entire capital stock of the Rochester & Pittsburg
Coal & Iron Company is owned.
In iMay, 1893, the Clearfield & Mahoning RR. was completed and
leased, and its securities guaranteed. The road affords connection
with the Beech Creek at Clearfield, and outlet for coal to seaboard. See
C. & M. On June 1st, 1893, the proprietary line, the Johnsonburg &
Bradford RR., was opened, replacing Erie trackage.
D ividends .—On preferred, in 1 892,5; in 1893, Feb., 1*4 p.o..
B onds.—Of the general mortgage (trustee Union Trust Co. of N. Y.)
for $10,000,000, there were $6,000,000 reserved for prior bonds. The
general mortgage 4s cover 22 miles of road built since 1887.
There are also outstanding $5,000 incomes due in 1921, for which
$3,000 consols, (included in table) are held by the trustee.
General F inances.—The change in control in 1890, mentioned
above, greatly improved this company’s business, and large expendi
tures have since been made to put road in first class condition. In
year 1892-93 $1,000,000 general 5s were issued for new equipment,
new road from Howard Junction to Mount Jewett, Pa. [Johnsonburg
< Bradford Railroad, 20 miles to replace Erie trackage], etc. During
fe
1893-94 general mortgage 5s for $147,000 were issued for construction
on Johnsonburg branch; car trusts for $130,000 were also issued.
Loans and bills payable Sept. 30,1894, $866,482.
E arnings—
Gross
Net
Other
Fixed
Balance’
3 mos.to Sept.30.
earn’gs.
earn’gs. income.
Charges, surplus.
1894.........................$840,140 $283,044 $7,284
$219,150 $71,178
1893....................... 911,424
287,790'
7,324
215,904
79,510
A nnual R eport .—Fiscal year ends June 30. The annual meeting is
held at New York on the third Monday in November. The report for
1893-94 in full was in Chronicle of Nov. 24,1894. In 1893-94 carried
1,894,595 tons of coal, against 1,924,275 tons in 1892-93.
Year end. June 30— 1891.
1892.
1893.
1894.
Gross earnings.............$2,511,484 $2,947,106 $3,308,740 $2,780,237
Net earnings............... $628,974
$756,726
$857,235 $629,811
Other income...............
30,674
52,555
45,724
39,588
on about 89,394 acres of timber lands, estimated as worth $1,700,000.
The sinking fund will retire each year that proportion of the outstand
ing bonds indicated by the years the bonds have yet to run, purchas
able in the open market, or subject to call at par in order o f numbers,
beginning with the highest. In July, 1894, $47,000 bonds were redeemed
by the sinking fund.
E arnings.—For 12 months ending Sept. 30,1894, gross, $302,779
net, $142,608. (V. 57, p. 547, 639; V. 58, p. 1034,1035.1036.)
B u rlin g to n Cedar R a p id s & N orthern.—Operates as follows:
Lines owned in fee—
Leased—All slock owned—
Burlington, la., to State Line,
Iowa City & Western RR.,
Minn, (including 11 miles
Io wa City to What Cheer, &c. 73
leased)...................................... 241 Cedar Rapids, I. F. & N. W.,
State Line to Albert Lea, Minn.
Holland, la., to Watertown,
(leased).................................... 12
So. Dak., &c......................... 493
Branches owned to Postvllle,
Ced. Rap. & Clinton RR., Ac. I l l
Riverside, Holland and Dav
enport....................................... 204
Total operated Jan. 1,1894.1,134
of which 1,085 miles are steel rails. An extension was being built from
Forest City to Esther ville, la., of which 46 miles completed m 1892, but
work has been stopped.
H istory .—Successor to the Burlington Cedar Rapids & Minnesota
RR. Co., foreclosed June 22,1876. Leases in perpetuity the Iowa City
& Western and Cedar Rapids Iowa Falls & Northwestern, Cedar Rapids
& Clinton and Chicago Decorah & Minnesota railways.
Stock .—Authorized, $30,000,000; outstanding, $5,500,000; par, $100.
The Rock Island Co. is understood to be a large stockholder.
D ividends—First dividend (lJaper cent) was paid in February, 1893;
in August paid 1*2 p. o.; in 1894, Feb., 1*2 p. c.; Aug., 1 ^ p. o.
B onds.—Iowa City & Western bonds are guaranteed as to interest
and are subject to call at 105; see guaranty V. 56, p. 695. Cedar
Rapids I. F. d N. IF. bonds are guaranteed, principal and interest,
k
and so endorsed; the 6s are subject to call at 105; of the 5 per
cents of 1881 $825,000 are reserved to retire the 6s and certain others
are deposited as collateral under the B. C. R. & N. consol, mort. There
are also 5 per c ents issued under a $10,000,000 mortgage of 1884,
which are all deposited as security under B. C. R. & N. mortgage
of 1934.
8
Of the B. O. R. < N. 5s o f 1884 (Central Trust Co., Trustee*, bonds are
&
reserved to retire, if deemed best, all prior and divisional bonds. For
extensions bonds may be issued at $15,000 per mile for single and $7,500 per mile for second track, the total author, issued not being limited.
Minneapolis & St. Louis bonds due June, 1927, numbered from 1,101
to 1,400, for $500 each ($150,000 in all), were assumed by the Bur
lington Cedar Rapids & Northern Railroad. Due on equipment Jan
uary 1, 1894, $44,000.
E arnings.—9 months, ) 1894....... gross, $2,670,635; net, $648,589
Jan. 1 to Sept. 30.
5 1893...... gross, 2,919,733; net, 721,256
A nnual R eport.—Fiscal year ends December 31. Annual meeting
s held on last Tuesday in May. Report for 1893 was in V. 58, p. 813.
Year ending Lee. 31-- 1890.
1891.
1892.
1893.
Miles operated........
1,046
1,083
1,134
1,090
Earnings—
Passenger............. . $716,484
$938,514
$798,708
$973,815
Freight..................... 2,430,457
2,928,628
3,249,818
3,084,481
157,041
159,003
166,457
166,458
Total receipts. $659,648
$809,281
$902,959
$669.399 Mail, express, & c...
Interest on bonds_ $496,357
$518,781
$554,247
$594,368
Total gross earns.$3,303,982 $3,886,339 $4,354,789 $4,224,754
Int. on floating debt..
15,841
23,709
24,030
30,126 Op. exps. and taxes. 2,487,835
2,613,643
3,193,141
3,078,435
R en ta ls.......... ............
72,984
73,195
72,981
123,932
Net earnings____ $816,147 $1,272,696 $1,161,648 $1,146,319
$74,465
$193,595
$251,701 def.$79,027
Balance, surplus.......
P.c. op.exp.to earns. (75-29)
(67-25)
(73-32)
(72-86)
—(V. 56, p. 207, 247, 502, 668, 752, 972; V, 57, p. 300, 809, 825, 8 52,
Other receipts........
105,256
24,410
22,922
36,946
8 5 5 , 893; V. 58, p. 224, 774; V. 59, p. 332, 780.)
B u ffalo & Southw estern.—Owns from Buffalo to Jamestown
Total net Income... $921,403 $1,297,106 $1,184,570 $1,183,268
N. Y., 67 miles. In July, 1880, leased to the New York Lake Erie & interest on debt........ 775,479
778,055
810,680
788,180
Western for 99 years—at 35 per cent of gross earnings, but interest on
bonds guaranteed. Rental in year ending June 30, 1893, $133,042,
Surplus over int.. $145,924
$519,051
$396,390
$372,588
against $144,516 in 1892; surplus over interest $37,022, against $48,- Add cash assets........
235,990
328,896
332,259
323,281
375; dividends, $33,028. Stock, $471,833 common and $471,833 7 Deduct impts., & o... 150,314
632,871
811,634
279,197
per cent preferred; par, $100. Common stock shares dividends after 7
on preferred. Dividends—On common, in 1889,1890 and 1891,1 per Cash assets Deo. 31. $231,600
$215,076 *def.$82,985 sr.$416,672
cent; in 1892, August, 2 per cen t; none since.
B u ffalo & S u sq u eh a n n a .-f& e Map.)—Owns from Keating
* Add sale of bonds $514,000; balance, $431,015.
Summit, on the Western New York & Pennsylvania RR., to Ansonia, -(V . 54, p. 64 1; V. 55, p. 1036; V. 56, p. 791; V. 58, p. 813.)
Pa., on the Fall Brook RR., 62 miles, with branches 13 miles; total, 75
miles The road passes through an extensive timber section (upwards
B u tte A naconda & Pacific.—Completed in 1893 from Butte to
o f 220,000 acres), to which it affords an outlet to Buffalo on the west, Anaconda, Mont., 27 miles. Extension to the Bitter Root River com
and to New York and Philadelphia, via connecting lines, as shown by menced in Oct. 1894. Bonds for $2,000,000 were to be issued at once
accompanying map.
and balance at $40,000 per mile Operated by Great Northern.
Capital Stock is $2,000,000.
ff'ialgary & E d m o n to n .—Owns 297 miles of road operated by
Canadian Pacific, from Calgary on the Canadian Pacific, north
B onds.—Mortgage is for $2,000,000 (Mercantile Trust Co., Trustee).
See abstract in Y. 57, p. 639, and application to the N. Y. Stock erly to Edmonton, 190 miles, and southerly to Fort Maclead, 107
Exchange in V. 58, p. 1036. Bonds cannot be issued to exceed $15,000 miles. Leased at cost of operating till July 1,1896, to the Canadian
per mile of road completed and equipped. The mortgage is also a lien Pacific, which at that date has the privilege of retiring the first mort-
N o v e m b e r , 1894.1
RAILKOAD
STOCKS
AND
BONDS,
fl»
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these T a bles.
Bonds—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due,
Amount
For explanation of column headings, &c., see notes of
Par Outstandint Rate per When Where Payable, and by Stocks—Last
of
Road. Bonds Value.
on first page of tables.
Whom.
Cent Payable
Dividend.
Calgary dtEdmonton—1st M., red. at 110, July 1/96 300 1890
¡£100 £1,140,400
6 g.
California Pacific—Stock............. ..............................
$100 $ 12,000,000
i l l 1867.
1,000
"¿igg.
1st mort., gold (e x fd in 1887)..... .......................
2.232.000
2d M., gold,gu.p.&i., end. by Cen. Pao., ext. in ’91 114 1871
1,000
413g.
1.595.000
3d M.. gold, guar.by Cent. Pao. ($1,000,000 are 3s) 114 1875
500
2,998,500 3g. &6g.
50
Cambria dt Clearfield—Stock, $2,150,000 auth.......
1,280,550
80 1891
1st M. ($2,000,000) gold.................................. ..c*
l ’,ÖÖ0
1.279.000
5 g.
Camden dt Atlantic—Stock ($880,250 of it pref.)___
50
79
1,258,150 See text.
79 1879
2d mortgage...........................................................c*
1,000
497.000
6
ConsoLmort. ($650,000 are 5s; balance 6s coupon).
79 1881
1,000
5 &6
1 , 000,000
Debenture certificates.............................................
5
1893
385.000
12 1891
Phil.Marl. «à-Medford IstM ., red. aft. July 1,’96.c
l'.ÖÖO
100.000
5
Camden dt Burlington County—Stock......................
25
31
381,925 6 per an.
1st mort., guar. p. &i. by Pa. RR. Co................c*
6
350.000
31 1867 500 &c.
Camden County—1st M., g., gu., p. &i. Phila. & R,c*
1,000
100.000
7 1890
5 g.
Canada Atlantic—Stock ($1,000,000 is pref.)..........
3.000.
000
1st mortgage, gold................................................ c* Ï42 1889
1,000
3.450.000
5 g.
Canada Southern—Stock........................................... 456
100 15.000.
000 text.
See
1st mortgage for $14,000,000...............................c 404 1878
1,000 13,923,707
5
2d mortgage for $6,000,000...............................c&r 404 1883 ljOOO&c 5.650.000
5
Canadian Pacific—Stock (See text)..........................
100
65.000. 000 See text.
Pref. stock for $8,000,000, non-cum. (See text)..r
£1,320,000 4 per an.
£100 &c $1,823,333
Can. Cent.RR. 1st and 2d morts. ,1st M. s. f .,dr.at 105
5 &6
uebec Prov. due on Q. M. O. & O. and N. S. RR.
7.000.
000 5
’82-’83
an. Pacific, land mort, gold (redeem at 110)___
3.426.000
1881 50Ó Ac.
Í g1st mortgage debenture sterling..................... . 2,856 1885 £100 &c 34,998,633
K g1st mort, on Algoma Branch, gold............... c*<fcr 183 1888 £100 &C 3.650.000
5 g.
Land grant bonds, int. gu. by Can. Gov’t . . .c*&r
1888 £100 &C $15,000,000
3iag.
Consolidated perpetual debenture stock...........
4
39,819,675
1889
Manitoba S. W. CoL R’y $12,000 p. m., int. guar, g 213 1884
1,000 $2,544,000
f#
Atlantic & Northwest—1st mort, gold, guar..c*&r 325 1887 £100 &C £1,330,000
North Shore Railway—1st mortgage.....................
i g£99,600
£50 ifec
St. Lawrence & Ottawa—1st mort., gold, see text'
£ 200,000
(6) 4
58 1876
8
gage bonds at 110. The amount requisite in addition to the Govern
ment subsidy (of £16,000 per annum for 20 years for transportation of
Government freight) to provide the interest on the bonds to July 1,
1896, has been deposited m trust, to be used for that purpose, it having
been derived from land sales. The land grant was 1,920,000 acres, of
which 605,000 acres are held by the Government against the subsidy
and by the Canadian Pacific Railway under the lease. See V. 54, p.
847. Stock $1,000,000; par $100.
C alifornia Pacific.—Owns from Vallejo, Cal., to Sacramento, Cal.,
60 miles; branches to Calistoga, &c., 55 miles; total, 115 miles. In
November, 1886, leased for 50 years to Southern Pacific Company.
Rental, $600,000 pfer annum. Capital stock, $12,000,000; par, $100.
In 1893 gross earnings, $1,359,455; net, $638,936, against $691,739
in 1892; taxes, etc., $48,297; rental, $600,000; loss to lessee,
$9,361. Lessor’s account, rental, $600,000; paid interest, etc.,
$351,396; surplus to lessor, $248,604.
Cam bria Sc Clearfield.—In operation from Cresson to Glen
Campbell Junction, 48 m iles; branches, 49 m iles; total,
97 ¿files. Stock—
authorized, $2,150,000 (par $50) ; paid in
$1,280,550 all owned by the Pennsylvania RR. Co., which operates
the property under an arrangement terminable at option of either
party. Net earnings are paid as rental. A full abstract of the mortgage
was in V. 52, p. 976. In 1893 gross earnings $256,224, against $150,140 in 1892; net, $57,460, against $31,764.
Cam den Sc A tla n tic.—Owns Camden, N. J., to Atlantic City, and
branch, 62 miles; Atlantic City to Longport, 6 miles; Chelsea Branch RR.,
1 mile; ferries, 2 miles; operates Philadelphia Marlcon & Medford Rail
road—Haddonfield to Medford, 12 miles; total operated, 83 miles.
Stock , E tc.—Preferred stock is entitled to 7 per cent if earned, and
to as high as paid to common if more than 7. Pennsylvania RR. owns
$234,100 common and $451,950 preferred. There are other bonds and
mortgages outstanding, $88,300.
D ividends since 1880: On common, in 1880, 3*2 per cent in preferred
scrip, and none since; on preferred, in 1880, 3 ^ in scrip; in 1882, 4 ; in
1884, 7; in 1887, 5; in 1888, 2 ^ ; in 1889, 3; in 1894, Feb., 4 p. 0. Sept.,
2*2 p. 0.
E arnings.—From Jan. 1 to Sept. 30 (9 months),
1894............. Gross, $757,208 ; net, $276,319 ; $ surp. over $160,425
1893. ........... Gioss, 716,505: net, 196,784; ( charges,
91,868
A nnual R eport.—The report for 1893 in V. 58, p. 511, showed:—On
main line and branches, gross earnings, $843,324; net, $182,085,
against $137,553 in 1892; other income, $10,274; interest on bonds
$87,970; rentals, &e., $53,872; extraordinary repairs, $12,558; sur
plus, $37,959, against $4,393 in 1892. (V. 54, p. 7 2 0 ; V. 56, p. 9 7 1 ;
V. 58, p. 4 2 9 , 511.)
Cam den Sc B u rlin g to n C ou n ty.—Owns from Camden, N. J., to
Pemberton. N. J., 23 miles; branch, Burlington, N. J., to Mount Holly,
7 miles; total, 30 miles. Operated by the Pennsylvania Railroad,
which guarantees bonds, principal and interest, and 6 per cent on stock
Lease rental, $44,415, yielding 6 per cent on stock and bonds. Stock,
$381,925; par $25. Dividends in Jan. and July. In 1893 gross, $269,.
756; net, $50,658, agst. $70,939 in ’92; profit to lessee in '93, $6,243.
Cam den C ounty.—Owns from Mt. Ephraim to Spring Mills, N. J‘
7 miles. Controlled by Philadelphia & Reading, $51,950 of its $100,"
000 capital stock being deposited under Reading’s collateral trust
deed of 1892.
Canada A tla n tic.—Owns Ottawa, Canada, to Lacolle, Quebec, 133
miles, with bridge over St. Lawrence; trackage to St. Albans, 28 miles.
Leases for 99 years the Central Counties Ry., extending from Glen
Robertson to Hawkesbury, 21 miles. The Ottawa Am prior & Parry
Sound Ry. is being built in the interest of this company from Ottawa
to Parry Sound, 248 miles, of which on the eastern end about 142 miles,
Ottawa to Long Lake, was completed and in operation in Aug., 1894,
and on the western end 40 miles was completed. Trustee of mortgage
o f 1889 is Farmers’ Loan & Trust Company. Stock, $2,000,000 com
mon and $1,000,000 preferred. E arnings in year ending June 30,
1894, were, gross, $586,171, against $571,371 in 1893; net, $185,045,
against $201,322; interest on bonds, $172,500; balance, surplus, $12,545. In 1891-92 gross, $570,697. (V. 51, p. 493; V. 59, p. 696.)
Canada Southern.—(See Map New York Central dt Hudson River
Railroad.)—R oad—Main line from Suspension Bridge station, includ
ing the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc., 230 miles; total, 456 miles, of which 98 miles are
nominally owned by proprietary companies. Double track, 98 miles.
Organization , contracts, E tc.—The Company was chartered in
Canada February 28,1868, and debt readjusted In 1878. In Nov., 1882,
a close contract was made with the Michigan Central for 21 years
from January 1,1883, providing for the payment to Canada Southern
o f one-third the joint income over all fixed charges, but Mich. Central,
by reduction of its interest charges, received more than two-thirds.
The contract provided for a re-apportionment every five years,
and in December, 1892, it was agreed to give the Canada South-
J. & J.
London.
July 1, 1910
J. & J. N.Y., S.Pac!co7,23 Br’d. Jan. 1, 1912
J. & J.
do
do
Jan. 1, 1911
J. & J.
do
do
July 1, 1905
J. & J. Phila., Of., 233 S. 4th St.
Phila., Of., 233 S.4th St.
A. & O.
do
do
do
do
J. & J.
J.30&D.
do
do
do
- do
J. & J.
J. & J. Phila., Penn. RR. Co.
F. & A.
do
do
A. & O.
Philadelphia.
Jan. 1, 1941
Sept. 15,1894
Oct. 1, 1899
July 1, 1911
Dec. 3 1 ,1 9 0 »
July 1, 1911
July, 1894
Feb. 1, 1897
Apr. 1, 1920
J.
F.
J.
M.
F.
Jan. 5, 1909
Aug. 1, 1894
Jan. 1, 1908
Mch. 1, 1913
Aug. 17,1894
Apr. 2, 1894
1899 & 1910
1902 & 1904
Oct. 1, 1931
July 1, 1915
July 1, 1937
July 1, 1938
Irredeemable,
June 1, 1934
Jan. 1, 1937
Apr. 20,1904
June 15,1910’
&
&
&
&
&
J.
A. N. Y y Gr’d Cent. Depot.
J. N. Y., Union Trust Co.
S.
do
do
A. N. Y., 59 Wall St. & Lon.
London, Co.’s Office.
Various
Montreal,
A. & O.
do
A. & O. Montreal, N.Y. or Lond’n
J. & J. London, Baring B. & Co.
do
do
J. & J.
do
do
J. & J.
& J. London, Comp’ys office.
& D. N. Y., 59 Wall & London
& J. London, Baring B. & Co.
do
do
&O
15J.&D. Can. Pac. office, London.
|era 40 per oent and the Mich. Cent. 60 percent of the first $1,000,j 000 of net earnings, any amount over that to be divided on the basis
of one-third and two-thirds, as before. This adds to Canada Southern’ s
share just ^ p. c. per annum on its capital stock. V. 55, p. 1078.
D ividends since 1880—In 1881, 2 ^ per cent; in 1882, nil; in 1883
and 1884, 2 ; in 1885 and 1886,n il; in 1887, 1888 and 1889, 2*a; in
1890, 3 * ; in 1891, 2*2 ; in 1892, 3 ; in 1893, 3 per oen t; in 1894, Feb.,
2
1% per cent, of which U extra; Aug., l x4 p. c.
j
B onds.—Interest on the 1st mortgage is guaranteed by the New York
Central till 1898 but the principal is not guaranteed. V. 56, p. 696.
A nnual R eport.—Report for 1893 in V. 58, p. 986, showed Canada
Southern’s share of net earnings as $456,648, against $380,712 in
1892; other income, $7,320; balance income previous years’, $176,632;
total, $640,600; dividends $450,000; total surplus Jan. 1,1894, $190,600. For latest earnings see Michigan Central.—(V. 55, p. 21,1077 ,
1 0 1 4 ,1 0 5 6 ; V. 57, p. 1082; V. 58, p. 9 8 6,1072.
Canadlan Pacific.—R oad —Owns from Montreal to Vancouver on
the Pacific Coast in British Columbia, 2,905 miles. There are branches
and auxiliary lines owned of 1,249 miles, and 2,232 miles of leased
lines; 56 miles used jointly; 776 miles operated independently for ac
count of owners, including the Calgary & Edmonton RR., making the
.whole system on January 1,1894, 7,218 miles, of which 6,327 included
in traffic returns and 215 miles under construction.
Also controls the Minneap. St. P. & Sault Ste. Marie (1,278 miles) com
pleted Sept., 1893, affording a direct route from the West to St. Paul and
Minneapolis; also controls Duluth South Shore & Atlantio, 584 miles,
and in February, 1893, acquired Duluth & Winnipeg—which see.
H istory , E tc.—Incorporated Feb. 18,1881, under charter from D o
minion of Canada, receiving $25,000,000 in cash as a subsidy, also
25,000,000 acres of land, all to be fit for settlement. The Ontario
& Quebec, Montreal to Toronto Junction, 334 miles, was leased in 1883
for 999 years, and its stock and bonds guaranteed. In July, 1890,
leased the New Brunswick Ry. for 990 years.—(See V. 51, p. 113.)
Stock .—The Dominion Government guaranteed and paid 3 per cent
dividends per annum on the stock from November, 1883, till August,
1893. Preferred stock for $8,000,000, to bear 4 per cent interest and
be non-eumulative, was authorized by stockholders May 10,1893, for
improv. and equip. ; but only £1,320,000 of this stock was issued.
D ividends paid—On common in 1883, 2 ^ per cent; In 1884, 5 ; in
1885,4; from 1886 to 1889 inclusive, 3 p. 0. yearly; from 1890 to
1893, inclusive, 5 per cent yearly, but only 2 per cent of it from
earnings; in 1894, Feb., 2 ^ p. c.; Aug., 2*2 p. 0. On preferred in April,
1894, at rate of 4 p. c. per annum. After 1894 dividends on common
will be paid in April and October.
B onds, D ebenture Stock , Guaranteed B onds, E tc.—In May
1888, the company relinquished its exclusive right to operate in Mani
toba lines to the international Boundary, receiving the Dominion Gov
ernment guarantee of interest on $15,000,000 of land grant bonds.
These bonds are a lien on 15,444,200 acres of land subject only to $3,426,000 land grant bonds of 1881, which are redeemable at 110.
As to consolidated debenture stock see V. 49, p. 116. V. 58, p. 596.
In June, 1890, company agreed to guarantee the principal and inter
est of $20,000,000 4 per cents, to be issued by the Duluth South Shore
& Atlantic; also 4 per cent interest on bonds of the Minneapolis St. Paul
& Sault Ste. Marie. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608.) Of
the Dul. S. S. & At. consols it owned Jan. 1,1894, $14,600,000.
To the Atlantic dt Northwest Railroad, crossing the State of Maine,
the Dominion Government grants a subsidy of $186,000 per year till
1906 and Canadian Pacific guarantees the balance of interest money.
St. Lawrence dt Ottawa bonds are endorsed with the Canadian Pacific’ s
acceptance of a 999 years’ lease at a rental sufficient to pay 4 per cent
interest on bonds, and the bondholders’ agreement to accept interest
at 4 per cent (instead of 6 per cent as formerly), and to refrain from
demanding payment of principal during continuance of lease.
The New Brunswick Railway consolidated debenture stock has
interest guaranteed by C. P.; interest on the first mortgage bonds,
though not guaranteed, is paid out of rental under 990 year lease.
Lands.—Lands unsold Deo.31,1893, were 15,792,388 acres of Can
adian Paoiflc grant and 1,093,086 acres of Manitoba South Western grant.
Total sales in 1893, from both grants, were 107,348 acres for $352,847,
against 392,467 acres for $1,355,618 in 1892; net from town sites,
$15,244, against $344,552. See V. 56, p. 838.
G eneral F inances.—In addition to 3 per oent dividend guaranteed
by Government till August, 1893, 2 per oent yearly was paid out o f
earnings. In 1893 it was decided to place $4,000,000 on special deposit
with the company’s bankers to meet any possible deficiency at any time
in maintaining dividends at 5 per cent on the ordinary stock. See V.
56, p. 810. In 1893 issued $4,866,667 consol, debenture stock. As to
preferred stock, see a preceding paragraph.
E arnings.—9 months, 1 1 8 9 4 ...Gross, $13,086,983 ; net, $4,008,961
Jan. 1 to Sept. 30. j 1 8 9 3 ...Gross, 15,115,214; net, 5,296,779
A nnual R etort.—Fiscal year ends Dec. 31. Annual meeting is held
at Montreal on the second Wednesday in May. The report for 1893 in
full was in V. 58, p. 593, 596.
30
INVESTORS»
SUPPLEMENT.
[Voi* LIK.
Subscribers w ill confer a great fa v or bv g iv in g im m ediate notice o f an v erro»* discovered in these Tables.
Bends—
Princi
RAILROADS.
INTERE8T OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
Canadian Pacific—(Concluded)—
_
_
Ontario & Quebec stock guaranteed in perpetuity 334
$100 $2,000,000 6 per an. J. & D. Montreal and London.
Ont. & Que. deben., interest guar, in perpetuity..
5
J. & D. London, Morton, Rose.
£4,007,381
Toronto"Grey & Bruce, 1st M., gold, int. as rental. 190 1883
¿ib 'o
4 g. J. & J. Toronto and London.
£719,000
New Brunswick Ry. 1st M.,gold,int.from rental, c* 174 1884
£100
£600,000
London.
5 g. F. & A.
Perpetual consol, debent, stock, int. guar.........
£791,707
..
4
J. & J.
do
Cape Fear A Yadkin Yal.—1st Miseries A,gold.c*<fcr 150 1886 $1,000 $1,500,000
See text.
6 g. J. & D.
1st M., Ser. “ B,” gold (2d on 233 m .)..............c*&r
73 1886
1,000
734,000
J. & D.
do
6 g1st ., series C, gold (2d mort. on 225 miles.).c*<fer
82 1886
1,000
820,000
do
6 g. J. & D.
Consolidatedmortgage $15,000 per mile,gold.c*&r 329 1889
1,000
1,868,700
6 g. A. & O.
S. Car.Pac.(leased) lstM .Statelineto Bennettsv. 1012 1884 10Ó &c.
104,600
A. & O. N. Y., 4th N. Bank, &c.
6
Carolina Central—Stock............................................ 276
1,200,000
1st mortgage, gold, (Wilm. to Shelbv. 240 m .). .c* 240 1881
1,000
2,000,000
See text.
6 g. J. & J.
2d and 3d mortgages, gold, income, non-cumul. .r 240 1881
1,000
2,700,000
6 g. J. & J.
Carolina Oumb. Gap A Chic.—1st M., gold.......c*&r
1,000
25 1882
375,000
•In default.
6 g. M. & N.
Carson < Colorado—1st M. for $3,500,0()O,g.,s.f.c*Ar 300 1892
6
1,000
2,000,000
4 g. J. & J. July, ’ 94, coup, not paid
Carthage A Adir.—1stM. $1,600,000 g..gu.p,&i.c*&r
43 1892
1,000
1,100,000
New York City.
4 g. J. & D.
Carthage Water. A Sack. Har.—IstM. g.,gu.u.&i.end.
30
1891
300,000
5 g- J. & J. N.Y.,Grand Cent.Stat’n
Catasauqua & Fogelsville—Debs, ext., g., §8’ & ’93.
1,000
135,000
1878
6 g. J. & J.
Catasauqua, Pa.
OcUawissa—Pref. stocks, 7 p. c. gu. P. & R. See text
50
98
3,200,000 7 per an. M. & N. Philadelphia Co.’s office
Mortgage bonds...................................................... c
93 1870 500 &c.
F. & A. Phila., Phila.& Read. Co.
1,300,000
7
1st mort., assumed by Philadelphia & Read...... r
1882
500
230,500
F. & A. Phila., Phil. <eRead. Co.
f
6
Catskill Mountain—First mortgage.........................
16 1885
50,000
5
F. & A. C’sbill.N.Y., Tan.Nl Bk.
1st income bonds.....................................................
1885
238,000
F. & A. Dividend paid in 1893.
6
'
Cayuga A Susq.—Stock, 9 p. c. rental D. L. & W ___
34 ■ ..
30
589,110 9 per an. J. & J. New York, 52 Wall St.
Cedar Falls A Minn.—Bonds on 2d div. sink, fund. c*
61 1866 500 &c.
1,377,000
7
J. & J. Last paid July, 1887.
Cent. Br. U. P.—1st M. Atch. & P. P. RR., gold...... c 100 1865
1,000
1,600,000
6 g. M. & N. Nov., ’93, coup, last pd.
Fund int. (mort.) bds. (coup, held in trust) gold.c 100 1879
1,000
630,000
7 g. M. & N. Nov., ’93, coup, last pd.
2d mortgage (Government subsidy)....................... 100 ’66-7-8 1,000
6
1,600,000
U.S. Treas., at maturity.
Central Massachusetts—1st mortgage................... c*
1,000
99 1886
5
A. & O. Boston Office & Int. Tr.
2,000,000
Central N. Y.A Western—1st mort. $1,000,000, g. .e*
1892
1,000
242,000
5 g• J. & J. New York, 15 Wall St.
Central Ohio—Stock ($411,550 of this is preferred).
50
2,860,048 6 per an. J. & J. Balt., at B. & O. office.
Con. 1st M. (for $2,850,000) now 1st lien, gold..e 137 1886
1,000
4^2 g M. & 8. N. Y., Union Trust Co.
2,500,000
Year ending Dec. 31.
1891.
Miles operated December 31..
5,766
Passenger earnings........ ........ $5,459,789
Freight
12,665,540
Mail,expr’ss and miscellaneous 2,115,767
1892.
6,015
$5,556,316
13,330,540
2,522,496
June 1, 1893
Irredeemable.
July 26, 2882
Aug. 1,1934
Irredeemable.
June 1, 1916
June 1, 1916
June 1, 1916
Oct. 1, 1919
Oct. 1, 1914
July 1, 1920
1910 & 1915
Nov. 1, 1912
July 1, 1941
Dec. 1, 1981
July 1, 1931
July 1, 1898
Nov. 19,1894
Feb. 1, 1900
Aug. 1, 1902
Aug. 1, 1905
Aug. 1, 1915
July 2, 1894
Jan. 2, 1907
May 1, 1895
May 1, 1895
1896, ’97, ’98
Oct. 1, 1906
Jan. 1, 1943
July 31,1894
Sept. 1. 1930
1893. |delphia & Reading acquired control through ownersnip of a majority of
6,327 I the capital stock of $426,900 (par, $25.) Of the stock $253,575, owned
$5.656,205 by P. & R., is deposited as part security for Reading coll, trust deed of
12,673,075 1892. Debentures due 1893 were extended at 6 p. c. till July 1,1898,
2,633,037 payable p. & i., in gold.
C ataw issa.—Owns from Tamanend, Pa., to Williamsport, Pa., 93
Total earnings.......... $20,241,096
$21,409,352 $20,962,317 miles, and branch. 4 miles. Leased Nov. 1,1872, for 999 years to Phil.
Operating expenses....... 12,231,436
13,220,901 St Reading. Rental, 30 pe-. ct. of gross earnings and $8,000 for organi
12,989,004
Per ct. of oper. exp. to eam’gs.
60-43
6307
60-67
zation expenses. Funded debt was assumed by lessees. There are
also chattel mortgage 5s due l900 $24,500; 7 per cent construction
Net earnings........................... $8,009,660
$8,420,348
$7,741,416 bonis due June 1,1917, $62,000, and other bonds, $185,000. Seven per
Fixed charges.......................... $4,664,493
$5,102,018
$5,338,597 cent is guaranteed on preferred stocks, of which $2,200,000 is first pref.
Supplementary dividends....... 1,300,000
1,300,000(3*2) 2,275,000 Common stock, $1,159,500, par $50. In 1892-93 rental $338,830.
Balance, surplus................ $2,045,166
$2,018,330
$127,819
C a ts k lll M o u n t a in R a i l w a y . —Owns narrow-gauge road from
To surplus for 1893 as above add interest on loans and deposits Catskill, up the Catsklll Mountain, to Palenville, N. Y., 16 miles; leases
Cairo RR., Cairo Junction to Cairo, N. Y., 4 miles; total, 20 miles.
$209,863. Total surplus December 31,1893, $7,261,732.
Reorganization after foreclosure of June 15,1885. Stock, $89,000;
—(V. 56, p. 205, 245, 331, 414; V. 56, p. 578, 621, 710, 792, 810, 833, par, $100. B onds.—There are also second incomes for $15,200 6 p. c.
83 7 , 972; Y. 57, p. 255, 375, 721; Y. 58, p. 5 9 3 , 594, 5 9 6 , 619.)
First incomesjhave one vote for each $100. E arnings.— Year ending
Cape F ear Sc Y a d k in V alley.—In operation from Wilming June 30, 1893, gross, $49,482; net, $21,893; surplus over charges,
ton, N. C., to Mount Airy, 248 m iles; branches to Bennettsville, etc., taxes, etc., $14,205. In l891-92 gross, $45,489; net, $19,341. From
90 m.; total, 33-1 miles, of which 10 m. leased. Mostly 50-pound steel. earnings of 1892 paid $8,585 on first incomes in 1893.
On Mar. 31,1894, Gen. John Gill was appointed receiver.
Cayuga Sc Susquehanna.—Owns from Susquehanna River to
B ondholders’ Committee.—W. H. Blackford, W. H. Perot, John A. Ithaca, N. Y., 34 miles. Charter expires in 1899. Leased till then to
Tompkins, Frank T. Redwood, Basil B. Gordon and J. W. Middendorf; .Delaware Lackawanna A Western at a rental of $54,600 a year.
depositaries, Mercantile Trust & Deposit Co. of Baltimore or Farmers’
Cedar F a lls Sc M in n esota.—Owns from junction near Cedar
Loan & Trust Co., N. Y. V. 58, p. 1034.
Falls, Iowa, to Minnesota State Line, 76 miles; of which 56 miles iron.
Stock authorized, $3,000,000; outstanding, $1,972,900, of which
L ease .—Leased to Dubuque & Sioux City for 40 years from Jan. 1>
July 1,1892, North State Improvement Co', held $1,608,000.
1867, at minimum rental of $113,370 per annum. See V. 51, p.493.
B onds.—First mortgage (trustee Farmers’ Loan & Trust Co.) is in Case has been appealed to the United States Supreme Court. Interest
three series, each a first lien on one division of the road and a second was defaulted January, 1888, and rental is paid into court pending
lien on the other divisions. North State Improvement Co., virtually the litigation. The Dubuque & Sioux City is controlled by the Illinois Cen
owners of the road, held the $1,868,700 consols outstanding, and tral Stock, $1,586,500, par $100.
agreed not to draw interest upon them unless fully earned. December,
E arnings.—In year 1892-93 gross, $118,346; deficit, after payment
1893, coupons of first mortgage were purchased by Farmers L. & T. of taxes, $16,436; rental, $113,370; loss to lessee, $129,806.
Co., acting as agents. V. 57, p. 979. June, 1894, coupons were not
Central B ran ch U n io n Pacific.—Owns from Atchison, Kan., to
paid. The coupons have a prior lien under the mortgage.
Waterville, Kan., 100 miles; leases Atchison Colorado & Pacific, 255
A nnual R eport.—Fiscal year ends June 30. Report for 1892-93 in miles; Atchison Jewell County & Western, 33 miles.
V. 57, p. 1038, showing gross earnings $549,355; net, $195,446; obliOrganization .—United States subsidy was $1,600,000. Controlled
atory interest charge, $183,240. In 1891-92, gross, $550,552; net,
196,591. (V. 55, p. 1034; V. 57, p. 979, 1038; V. 58, p. 81,178, 305, by Union Pacific, but leased to Missouri Pacific for 25 years from
Sept.. 30,1885; rental, net earnings. Accounts payable Jan. 1,1894,
594,682,1034.
$1,426,008 ; interest on Government loan accrued and unpaid Jan. 1,
C arolina Central.—Owns from Wilmington, N. C., to Rutherford- 1894, $1,944,628. The November, 1893, interest on Central Branch 7s
ton, N. C., 267 miles, of which 2*2 miles (the Wil. R. Bridge) owned and Atchison & Pike’s Peak 6s was paid in January, 1894. May, 1894,
iointly. Sold in foreclosure May 31,1880. Controlled by Seaboard & coupons remain unpaid. See Union Pacific.
Roanoke and Raleigh & Gaston. July, ,189 L coupon went to default.
Stock .—$1,000,000 (par, $100), of which Un. Pac. owns $874,200.
Bondholders’ committee consists of W. H. Blackford, E. N. Rich, F.
T. Redwood and J. Willcox Brown, of Baltimore, and A. J. Onderdonk
D ividends.—In 1885, 5 per cent; in 1886,10; in 1887,10.
and Charles W. Opdykeof New York. It is understood that no receiver
E arnings.—9 months, > 1894, gross, $298,613; net, $109,224.
is to be applied for. V. 59, p. 28 and 228.
Jan. 1 to Sept 30. >1893, gross, 358,05$; net, 126,887.
In August, 1894, the Seaboard Air Line guaranteed 4 p. c. per annum
for 5 years on the firsts, giving non-cum. 5 p. c. income scrip for the In year 1893 gross on the 100 miles Atchison & Pike’s Peak were
$484,620; net. $143,619; other income, net, $5,623; interest on bonds,
remaining 2 p. c. V. 59, p. 331, 600. Under this ’arrangement the
overdue Jnly, 1894, coupon was paid October 4,1894. In year ending $140,100; U. S. charges, $15,119; balance, deficit, $5,977. In 1892
June 30, 1893, gross earnings were $504,193; net, $91,957; interest, gross, $609,509; net, $243,733; surplus over charges, $90,451. For
rentals, &c., $130-,108; balance, deficit, $38,151, against deficit in 1891- earnings of leased lines see Atchison Colorado & Pacific.
92 of $48,012. There are also $150,000 Wilmington Railway Bridge
Central M assachusetts.—Owns North Cambridge to Northamp
1st mort. bonds, guaranteed by Carolina Cent., Wil. Col. & Aug. and ton, Mass., 99 miles. The stock is $7,419,202 (par $100), of which
Wil. & Weldon. A consol, mort. for 8250,000 upon the bridge was au $3,949,102 is preferred and controls the company until 8 per
thorized in 1893 to retire the lsts as they mature, etc. Bills payable cent dividends shall have been earned thereon in any one year. Leased
June 30, 1893, $238,065 —(V. 58, p. 1109; V. 59, p. 28, 228, 331, 600.) to Boston & Lowell for 99 years from October 1,1886, at a rental of 20
C arolina M id lan d .—Owns road m operation from Allendale, S. C., per cent of gross earnings up to $1,000,000, but with a guarantee of
to Severn, 8. C., 55 miles. A consolidation in 1891 of the Barnwell and sufficient rental to pay interest. New issue of $500,000 bonds has been
the Block ville Alston & Newberry RR. Cos. Bonds at $12,000 per mile authorized by Legislature.
were authorized in August, 1891. In year 1892-93 gross earnings were
Central N ew Y o rk Sc W e ste rn .—R oad—Belfast, N. Y., toPer$60.871: net, $8,072, against$8,614 in 1891-92; fixed charges, $33,102. kinsville, 41 miles; branch to Hornellsville, 11 miles; Anglica, N. Y „
to Olean (narrow gauge), 40 miles; total, 92 miles, of which only a part
Carson Sc C olorado.—(3-foot gauge.)—From Mound House,Nev.,
to Candelaria,Nev., 158 miles; Junction, Nev., to Keeler, Cal., 142 in operation. The narrow-gauge division is being made standard.
miles ; branches, 7 miles; total, 307 miles. Stock, $6,300,000 author Successor in December, 1892, to Lackawanna & Southwestern, sold in
ized; $4,380,000 Issued. Reorganized in 1$92. In 1892-93 gross, $213,- foreclosure in 1892. V. 55, p. 977. Stock authorized, $1,000,000.
409; net, $74,959, against $84,673 in 1891-92; interest, etc., $107,702. Bonds for $108,000 are in treasury. Bills payable June 30,1894,
$71,839; open accounts, $39,102.
Cartilage 4k A d iro n d ack .—(
Map N. Y. Central.)—Owns from
E arnings —For year ending June 30, 1894, gross, $64,833; net,
Carthage to Benson Mines, New York, 43 miles. The entire stock, $4,260; deficit under interest and taxes, $10,791. In 1892-93 gross,
$500,000, is owned by the New York Central R r ., which in April, $33,639; net, $6,331. Balance sheet 6f June 30,1894, (V. 59, p. 650.)
1893, leased the property in perpetuity and guaranteed its $1,600,000
Central O h io.—Owns from Bellaire, Ohio, to Columbus, Ohio, 137
of new 4 per cents, of which $500,000 were reserved for improvements
or extensions if desirable, in year 1892-93 gross earnings, $133,080; miles, of which Newark to Columbus (33 miles double tracked) is owned
net $48,775, against $48,273 in 1891-92. (V. 56. p. 502; V. 57, p. 218.) iointly with Pittsburg Cin. Chic. & St. Louis; operates branch, 7 miles.
Lease of Colorado & Cincinnati Midland was assumed by B. & O.
Carthage W a te rto w n & SacKeins H arb o r.—(See Map N. Y.
L eased to Baltimore & Ohio till 1926j with option of renewal; rental,
Central.)—Owns from Carthage to Sackett’s Harbor, N. Y., 30 miles.
Controlled by N .Y . Central, which owns $477,600 of the stock and 35 per cent of gross earnings, with minimum guaranteed of $166,000,
guarantees the bonds. Leased to R. W. & O. for 3 7 ^ p. c. of gross rental in 1892-93 being $464,399, against $474,092 in 1891-92.Dividends on common stock since 1880 have been: In 1881,
earniugs.' Rental 1893-94 $54,790. Capital stock $465,845 common
and $21,500 preferred.
from 1882 to July 31,1894, both inclusive, 6 per cent yearly.
E arnings.—In 1892-93 gross, $1,326,854; net, $240,043; interest
Catasauqua Sc F o g e ls v llle .—Road from Catasauqua, Pa., to Rittenhouse Gap, Pa., 27 miles. Opened in 1857, and in 1890 the Phila
$112,500; taxes about $21,000.
f
N ovjembek,
1894. J
RAILROAD
STOCKS AND
BONDS
31
32
INVESTORS’ SUPPLEMENT.
[VOL. L1X,
Subscribers w ill confer a great favor by giv in g im m ediate notice o f an y error discovered in these T a b les.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payably, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on first page of tables.
$100 $67,275,500 See text. See text N.Y., S.Pac.Co., 23 Br’d.
Central Pacific—Stock for $68,000,000................
do
do
Text. 1865-8 1,000 25,883,000
6 g. J. & J.
1st M.,ser. A to I, incl., gold (see text).............
do
do
6,080,000
1,000
146 1870
6 g. A. & O.
1st M. S. JoaquinYaLBr.,g.(s. f.) not drawn...
25,885,000
737
6 g. J. & J. United States Treasury.
U. S. Loan (2d lien on certainterms).................
i.ÒÒÓ
111,000
6 g. J. & D. N.Y., S.Pac.Co., 23 Br’d.
West.Pac., old issue, 1st M. S. Jose east’ly 100 m. .g 100 1865
do
do
1,000
1,859,000
6 g. J. & J.
do
San Jose to Brighton, Cal., series A, g. 123 1869
do
do
765,000
24 1869
1,000
6 g. J. & J.
do
series B, 1st M., to Oakland, gold.......
1,970,000
6 g. Various United States Treasury.
do
Government lien, gold........................... 123 1865-9
1,000
5,982,000
5 g. J. & J. N.Y., S.Pac.Co., 23 Br’d.
Cal. & 0 . 1st M., ser. A, g. (exte’d ) ) s. f. yearly, 296 1868
4,358,000
5 g. J. & J. N.Y.,8.Pae.Co.&London
1,000
Do
do ser. B, g. (exte’d) >not drawn.. 296 1872
do
do
1,000
2,837,000
1870
5 g. A. & O.
Land grant 1st M., gold, guar., extended in 1890.
do
do
56,000
1,000
1886
6 g. A. & O,
Mort. gold 6s, 1936, Id. gr. s. f., not drawn..........
1,000 11,000,000
Mort. gold, 5s, 1939, Id. gr.,guar., s. f., not dr’n .c 1,360 1889
5 g. A. & O. N. Y. & San Francisco.
New York.
4
1,500,000
Notes due land grant fund ($500,000 due yearly.)
1,000
620,000
1886
5 g. J. & J. July ,’94, int. to be adj’d.
Cent. Pa. & West’n.—Wilkesb. & West., 1st M., g.c* %
Jan., ’92, div. last paid.
7,500,000 See text.
100
Central BB. & Banking Go, o f Georgia—Stock........
7
J. & J. Jan.,’92,coup, last paid.
1,000
4,999,000
General mortgage “ tripartite” bonds................. c* 620 1872
1,000 As collateral
Consol, mort. for $13,000,000, gold, red. at 110.C’ 311 1890
5 g- A. & O.
1,000
4,880,000
1887
5 g. M. & N. N. Y „ Security & Tr. Co.
Collateral trust bonds, gold, redeemable at 110.0
6
J. & J. Jan.,’92.coup, last paid.
4,600,000
100
1881
Certs, o f debt, payable at option...........................
1,262,612
Equipment notes on July 1 ,1 8 9 3 ......................
1,000,000
1,000
1890
5 g. J. & J. N.Y., Security &Tr. Co.
Ocean SS. Co. 1st mortgage, gold, guaranteed...c
196.000
Hoboken Wharf notes, including int. to maturity
M. & S. Mar.,’92,coup, last paid.
5
250.000
18 1890 500 &o.
Savannah & Atlantic 1st mortgage, assumed... o*
100 22,497,000 7 per an. Q.—F. N. Y., Liberty Nat. Bk.
Cent. BB. o f N. Jersey—Stock ($30,000,000 author,.
do
do
M. & N.
7
1,000
1,167,000
1872
Bonds, secured by consolidated mortgage of 1874
do
do
3,836,000
7
1,000
Q .-J .
1874
Consolidated mortgage (now first mortgage).. .o*
do
do
M. & N.
465,000
6
1,000
1883
Convert, debentures, convert, into stock till 1907
do
do
J. & D.
7
1,000
197,000
1869
Long Br. & Sea Shore, 1st m.,Sandy Hk to L.Br.e '
See text.
L895,’96,’7&’8
Oct. 1, 1900
1895 to 1898
Deo. 1, 1895
July 1, 1899
July 1, 1899
1895 & 1899
Jan. 1, 1918
Jan. 1, 1918
Oct. 1, 1900
Oct. 1, 1936
Apr. 1, 1939
Dcf.l,’94to’96
July 1, 1926
Jan., 1892
Jan. 1, 1893
Apr. 1, 1937
May 1, 1937
1893
July
1895
Mch.
Nov.
Nov.
July
May
Deo.
to
1,
to
1,
1,
1,
1,
1,
1,
1897
1920
1899
1920
1894
1902
1899
1908
1899
H istory , R eceivership , &c.—This road was was opened in 1843"
Central Pacific -(See Map o f Southern Pacific.) Line op R oad .—
In 1888 the Richmond
Trackage—
Miles• 46. holder of a majority of & West Point Terminal Company became
Miles.
Lines owned—
the
the stock and thereby
Northern Ry., Main Line—
6 until April, 1892, when receivers were appointed. exercised control
San Francisco, Cal., to near
Y. 57,
5 The permanent receivers are H. M. Comer and R. SeeHayes. p. 59.
Ogden, Utah........................ 872 Union Paiflc into Ogden.......
S.
Fore
Lathrop, Cal., to Goshen, Cal. ,146
closure sale under the tripartite mortgage has been deferred. Reor
T o t a l.................................. 1,360 ganization may preclude necessity for foreclosure. See V. 58, p. 263.
Roseville Junctipn, Cal., to
Oregon State Line............... 296
Branches to San Jose, etc_
_
35
B ondholders’ Committee composed of Frederick Cromwell, Chair
L ease .—In March, 1885, leased to Southern Pacific Company for thp man, 32 Nassau street, N. Y., Edward N. Gibbs and Adrian Iselin,
Jr., request deposits of tripartite bonds with N. Y. Guaranty & Inde mnnet income over charges, but not less than $1,360,000 yearly. In
Dec., 1893, under a provision that its terms might be altered if they ity Co.
Henry P. Talmadge, 68 William Street, N. Y.. and others, constitute
»roved inequitable to either party, the lease was so changed that hencecommittee of holders of “ certificates of debt.” V. 58, p. 1034.
orth the Central Pacific stockholders will receive dividends only if
earned. It is claimed that since the lease was made the dividends
R
have not been earned more than once. The amended lease was given waseorganization .—Plan of reorganization as reported in July, 1894,
given in V. 59, p. 28. Plan of the Thomas-Ryan oommittee is
in full in V. 58, p. 819.
expected shortly. It is said the road will be managed in close connec
Subsidy .—Interest is not payable on subsidy loan till the bonds tion with the Southern Railway—see V. 59, p. 835.
mature, but the “ Thurman ” act provides for payments yearly to the
Coupons in D efault .—For the last coupon paid on the several loans
oinking fund. SeeV .50,p. 276. July 1, 1894, principal due Govern
ment onC. P. loan w as$25,885,120; interest, $32,036,488; on Western see the table above and the statements for each of the leased lines.
Interest due Nov. 1,1894, on the collateral trust bonds, and July 1,
Pacific loan, principal, $1,970,560; interest, $2,900,335. Par value of
securities in U. S. sinking fund Jan. 1,1894, $5,176,500. Therearecon- 1894, on the Ocean SS. bonds was paid when due.
siderable claims against the U. S. for transportation on non-aided lines.
Guaranties
Plan for readjustment of Government claims see Pacific RRs., V. 59, rentals under , E tc.—See Supplement of July, 1894. There are also
leases, making aggregate charges in Sept., 1892, about
3> 153.
.
$2,500,000 per annum, exclusive of int. on floating debt and oar trusts.
L ondon Committee .—On October 16, 1894, G. Frederick Banbury,
F loating D ebt.—Total floating debt June 30,1893, was $5,803,025.
A. P. Compton, John B. Akroyd, Daniel Marks, Joseph Price, W. Newshead and R. D. Peebles were appointed to protect the interests of Euro The items to be funded were in November, 1892, as follows (see state
ment V. 55, p. 805): Tripartite bonds overdue, $4,999,000; floating
pean security holders. (V. 59, p. 696.)
debt, $5,232,025; past-due coupons, $427,340; past-due interest on
D ividends—From Feb., 1888, to Feb., 1893, inclusive, 2 p. ct. yearly. certificates of indebtedness, $138,000; equipment notes, in which is in
In Sept.. 1893.1 p. c . ; none since. See “ Lease” above.
cluded interest to maturity, $872,439; wharf notes, in which is in
B onds.—Of the first mortgage 6s o f rS6j-8, Series A to D, aggregating cluded interest to maturity, $287,935; additions and improvements
#6,378,000, cover the road from Sacramento to the California State recommended by General Superintendent, $4,575,000; total, $16,531,line, 140 miles, and Series E to I, aggregating $19,505,000, cover the 739. As security were pledged Cent, of Ga. consols for about$8,000,000,
road from the State line to five miles west of Ogden, 598 miles.
Sav. & West, consols for $1,628,000, etc.
The 5 per cents o f i88g are guaranteed principal and interest by the
Stock .—Of the stock $4,220,000 is held by the Southern Railway Co.,
Southern Pacific Company; the mortgage is for $16,000,000, the Metr »- $220,000 in its own name and $4,000,000 in the name of the Central
politan Trust Co. of New York being trustee. (V. 49, p. 340.) Of the Trust Co., New York. For suit as to stock see V. 55, p. 422, 938.
Amount authorized $2,250,000 are reserved to retire at maturity any
L atest E arnings.—From July 1 to Mar. 31, 1894 (9 months), from
¿and grant bonds not redeemed from land sales, and $2,750,000 can oe
applied only to the improvement or purchase of property on which the combined roads, steamships and bank, gross, $6,035,834; net, $1,667,mortgage shall have a first lien. The land grant js o f igoo carry South 751. V. 58, p. 990.
ern Pacific guaranty of principal and interest.
A nnual R eport.—Fiscal year ends June 30. Following figures are
Several of the loans have sinking funds but none of the bonds are from report for 1892-93. (See V. 57, p. 851.) Of the surplus for 1892subject to call before maturity. The total holdings of the sinking 93, $493,187 was spent for improvements.
funds on Jan. 1,1894, exclusive of the land grant fund—which see be
Year ending June 30,1893. Earnings.
Expenses. Net or deficit.
low—were $8,572,622, including $2,035,000 So. Pao. of N. M. 1st 6 s ; Central Railroad........................ $2,588,410
$1,866,136
$722,274
#2,926,350 Southern Pacific Co. Steamship first 6s; $1,789,000 Guate Augusta & Savannah................
254,945
163,257
91,688
mala Central RR. first gold 6 s; also other securities and $120 in cash Southwestern, Georgia............... 1,016,769
957,769
59,000
L and Grant.—Total land grant was about 12,000,000 acres, of which Montgomery & Eufaula........ .
255,131
.283,151
def.28,020
about 2,828,000 acres had been sold to December 31,1893. Sales in Mobile & Girard........................
207,925
196,393
11,532
1893, 39,259 acres; cancellations, 45,008 acres. Land contracts on Savannah & Western.................. 1,271,390
1,568,715 def.297,325
band January 1, 1894, $1,028,147; cash, $1,126,080; notes of Central Savannah & Atlantic............
23,089
39,963
def. 16,874
Pacific RR., $1,000,000.
Macon & Northern......................
82,295
76,360
5,935
Steamships.......................
2,107,480
1,803,703
303,777
E arnings.—9 months,) 1894, gross, $9,618,686; not, $3,583,261.
B a n k ..........................................
15,692
12,406
3,286
Ja(n. 1 to Sept. 30. 5 1893, gross, 10,797,693; net, 4,334,764.
A nnual R eport.—Report for 1893 was in V. 58. p. 796, 814, 817
3,967,853 net.$855,273
T ota l.................................... $7,823,126
showing gross earnings of $14,261,224; net, $5,739,336; net profit
.............
$ 112,201
for year under lease, $784,717; deficit under guaranteed rental,'paid Loss on three auxiliary roads (355 miles).....................
4»y So. Pacific, $575,283; total to lessor under lease, $1,360,000; other
The following shows earnings for a series of years :
Income, net, $11,011; dividends paid (2per cent), $1,345,510 ; surplus
1T1893.
Year end/ing June 3 0 —
1889.
1890.
1891.
$25,501 In 1892, gross, $14,612,990; net, $5,707,579. (V. 56, p Mileage....... .....................
2,021
1,667
1,743
1,898
WM
<922, 9 2 9 ( V. 57, p. 1122; V. 58, p. 263, 365,549,715, 7 9 6 , 8 1 4 , 817 Gross earnings........$5,844,465
$6,847,997 $7,065.823 $6,256,596
V. 59, p. 696.)
Net, incl. bank &SS.earn. 2,421,270 2,176,391 1,978,971 743,072
Central P en n sylvan ia Sc W e ste rn .—Owns from Watsontown* Investments....................
132,368
224,145
284,716
47,705
Pa., to Orangeville, Pa., and branch 31 miles. Projected to Williams Fixed charges......... 1,668,729
1,896,193 2,084,471
........
port. Successor in 1893 to Wilkesbarre & Western foreclosed.
ITNo report for full year 1891-92 was issued.
Stock .—Capital stock is $5,620,650; par, $50. B onds. - The first - ( V . 57, p. 21, 59,105,144, 375, 468, 595, 638, 8 5 1 ,8 9 3 ; V. 58. p. 43,
mortgage of 1893 (N. Y. Security & Trust Co., trustee,) is for $5,000,000 263, 383, 512, 987, 988. 990,1034; V. 59, p. 28, 277, 780, 835, 878.)
gold 5 per cent 50-year bonds and provides for the proposed extension.
Central R R . o f N ew Jersey .— ( See Map)—R oad -Operates from
Central R R . o f P en n sy lv an ia .—Owns Bellefonte (Penn. RR.)
to Mill Hall, Pa. (on Beech Creek RR.) 27 miles. Opened in Dec., 1893. Jersey City, opposite New York City, westerly to Wilkesbarre and
Scranton, Pa., and the neighboring anthracite coal fields; also south
Central R a ilro a d Sc R a n k in g Co. o f G eorgia.—Tne system erly to the seashore resorts along the coast of New Jersey, etc.:
o n June 30,1893, was made up as follow s:
Lines owned in fee.
Miles. Nesquehoning Valley 1!............ 17
Miles.
Lines owned—
Miles. Earns, kept separately—
Susquehanna, Phil
Sav’h to Atlanta and branch. 312 Western of Alabaman............ 138 Jersey City to Phillipsburg— 72 Lehigh & to Union June., etc. 1.168
lipsburg
Savannah < Atlantic R R ___
fe
18 Georgia RR.1T.......................... 314 Sundry branches........................ 84
Wilkesbarre & Scranton IT
....... 5
Entire stock owned.
Port Royal & A u gu staf....... 112
Lines leased, etc.—
.......... 35
87 Long Branch & Seashore.......... 6 Lehigh & Lackawanna IT
Augusta & Savannahlf........
53 Atlanta & West P oin tl!........
Other lines ................................
Eatonton Branch R R ...........
22 Port Royal & West’n Carol.If. 227 New York & Long Branch RR.,
Perth Amboy to Bay Head... 38 Allentown Term. (oper. jointly)
Southwest’n& Branches,gu.H 332 Wrightsville & Tennille........
35
Trackage—
16 New Jersey South’n RR., Long
Mobile & Girardi!.................. 122 Upson County R R ..................
Branch to Atsion, e t c .......... 78 Union Coal R R ..........................
Savannah & Western^.......... 622 Gainesville Jeff. & Southern.
65
Pa. Pough. < Boston................
fe
Other lines (no debt)................ 130
Montgomery &Eufaula1!___
80
Leased (mostly fo r 999 yrs.)Miles.
Macon & NorthemU............... 105
Grand total..........................2,660
Total operated Jan. 1,1894.666
Ogden Mine RR. 1!..................... 10
ITSee statements for each co.
If See this company, t See Lehigh Coal & Nav. in “ Mise. Companies.’
Total system proper........... 1,666 Ocean SS..Co., est. equiv. of. 300
f
>01« C 0
i1
N ovember , 38P4.J
RAILROAD
STOCKS AN D
BONDS,
n s
34t
INVESTORS’
SUPPLEMENT.
VVol.
LIX
S u b scrib e rs w i l l c o n fe r a g r e a t f a v o r b y g iv in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In th e se T a b le s .
Bonds—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
RAILROADS.
Miles I Date Size, or
Amount I
When Where Payable, and by Stocks—Last
Par Outstanding c en®
of
For explanation of column headings, &o., see notes of
Dividend.
Whom.
Payable
Road. Bonds Value.
on first page of tables.
Central Railroad o f New Jersey—( Concluded)—
78
N. J. So. 1st M., L. Br. to Atsion.etc. (assumed) .0
Gent.RR.ofN.J., Gen.mort.for $50,000,000,g.,c&r AU.
Real estate bond and mortgages — ........ - - - LeMgh Coal & Nav., mortgage, gold, assumed...
Guaranteed Bonds—
„„
Am.Dock& Imp.Co.lst M., gu., redeem, at 110. - - o
N Y.& L’ gBr’h 1stM.,red. in 1899 at 110,gold...0*
■Gen. M., for $2,500,000, g.,P.Amb.to B.Head.e*
1
Central o f South, Carolina—Stock................ ............
40
1st T ortgftgBf gold.................................................c
in
Central Vermont—ConsolidatedRR. of Vt. 1st M ... 185
Cent. Vt. 1st consol. M. ter $15,000,000, gold.c&r
Malone & St. Lawrence, lstm ort., gold, guar....
St. Lawrence & Adirondack, 1st M., gold, guar.c
50
Centralia & Chester—1st M. $12,000 perm., gold.e*
See
Char. C. & Chic.—Old 1st M., g „ ($25,000 p. m.).o*
Charleston & Savannah—Stock— ..
.......... ........103
General 'mortgage, gold.. . . . . . . . . - - - - -..........----c
1st and 2d pref. inc., $1,000,000 each, non-cum.. 103
Charleston Sumter dt North.—Receiver’ s certificates
150
1st mortgage, $15,000 per mile, gold........... ....0
Charlotte Columbia < Augusta—See Southern R y .
&
Ch,artiers—Stock
..........................- - . - ..............
"23
tst mortgage, guar. p. & i. by Penn. R R ..........-.c
Chateaugay R R —Stock........
..................... -----Ohateaugay R'y—1st M, Lyon Mb. to Saranac Lake '3 9
Chattanooga Southern—Receivers’ certificates------'8 6
1st M. ($15,000 p. m.) gold...................................o
$600
1879
1887 500 &c,
1867 50Ó &c
1881
1882
1891
1,000
1,000
1,000
50
1881
1883
1892
100&C.
1889
text.
1,000
1,000
1,000
1,000
1,000
$411,000
39,960,000
207,100
2.310.000
4.987.000
1.500.000
142.000 I
170.000
300.000
7 ,000,000
See text.
240.000
400.000
600.000 j
1886
1886
1,000
1,000
1890
i'.ò'óó
500.000
1.500.000
2, 000,000
192.000
2.082.000 j
50
1,000
100
645,300
500.000
95,000 I
1,000
145,000
1.440.000 !
1871
100
1887
1889
200.000
6
5 g.
5&6
6 g.
J. & J, N. Y., Liberty Nat. Bk,
do
do
See text,
Various N. Y., 143 Liberty St.
Phila., Leh.C.dt Nav. Oo
J.&D.15
July 15,1899
July 1, 1987
Various dates
Deo. 15,1897
J. & J. N. Y., Cent. RR. of N. J. July 1, 1921
5
Deo. 1, 1931
do
do
5 g. J. & D.
Sept. 1, 1941
do
do
5 g. M. & S.
& J. N. Y., Cuyler, Morgan. July 1, 1921
6 g& J. Boston, Am. L. & Tr. Co. June 30,1913
5
Jan. 1, 1943
do
do
4 g. J. & J.
Sept. 1, 1991
5 g. M. & S, New York Agency.
Mch. 1, 1981
5 g. M. & S. New York Agency.
5 e- J. & J N. Y., Farm. L. & Tr. Co, July 1, 1919
7 g. J. & J. N.Y.,12 W.23 & Cha’st’n Jan. 1, 1936
Irredeemable.
7
A. & O.
Apr. 2, 1910
Oct. 1, 1894
text A. & O.
A. & O. Philadelphia, Penn. RR, Oct. 1, 1901
7
Aug. 1, 1907
Plattsburg, Ñ. Y.
F. & A.
6
6 g . J.’ & D. June,’91,coup, lastpaid Dec. 1, 1919
St
Vermont had $1,000,000 stock
There are 261 miles of second and 29 miles of four tracks. With the »nd o c k .— Before consolidation Central pref. and $800,000 common.
Consolidated of Vermont $750,000
Bait. & Ohio and the Phila. & Reading operates the “ K u e t o e
be
tween Washington and the Southwest and New York, the B. & O. tracks
B onds.—Of the consolidated mortgage fours for $15,000,000 [trustee
being used to Philadelphia, the Reading to Bound Brook and the Cen American Loan & Trust Co. of Boston] $7,000,000 are res-rvedfor the
tral N. J. to Jersey City. See also Lehigh & Hudson.
retireu ent at maturity of the $7,000,O !0 fives due in 1913, and, if the
t
H i s t o r y .—Chartered in 1849. From May, 1883,_ to Jan. 1, 1887, trustee so requires, an additional $700,000 will be held for
pose; $1,488,000 were to replace certain temporary bonds and $2,500,leased to Philadelphia & Reading. Receivers were m possession from
ja n . 1,1887, till January, 1888. Reorganized in 1887 -without fore 000 to pay floating debt, the balance being issuable for permanent
closure—see plan V. 44, p. 714, 716. Operated from February to Improvements on the system, etc. The mortgage covers the road
August, 1892, under lease by Port Reading RR. Co. Dividends were owned and all interest in leases and securities own d. There are 6 per
resumed August, 1889. and increased to 1% quarterly in August, 1891. cent equipment bonds outstanding. No consols sold to June 30,1894;
Concerning coal properties see Lehigh & Wilkesb. in Miscellaneous.
A nnual R eport.—Fiscal year ends June 30. Report for 1892-93
D i v i d e n d s .— In 1883, 1*2 per cent; in 1884, 4 ^ ; in 1889. 3; in was in V. 57, p 806; gross receipts, including steamer earnings, were:
1890, 6; in 1891,
from February, 1892, to Nov., 1894, both
Gross
Net
In t., rental,
Og.Tran- Balance,
inclusive, 7 per cent, payable quarterly.
surplus.
earnings, earnings.
taxes, etc.
* sit Co.
B o n d s .— New Jersey Southern 6s carry the endorsed guaranty o f the Year.
$16,263
1892-3..$5,574,398 $1.588,791 $1,471,602 $100,926
New York & Long Branch. Central N. J. general 5s are reserved to 1891-2.. 5,450,582 1,664,895
134,940
1.449,404
80.551
retire them at maturity. Total issue $1,500,600, all but $411,000 being —(V. 53, p. 712, 880; V. 56, p. 4 1 ; V. 57, p, 8 0 6 , 979.)
held under the Central’s general mortgage.
Of the general mort. o f 1 SS7 (see abstract of mort. V. 45, p 402) $8,O e n tr a lia Sc C h e ste r.—(See Map.J—Chartered to build from Ches.
399,100 on Jan. 1,1894, were reservedfor the prior Cent. N .J. b om s
and also for the following: N. J. Southern 6s. $411,000; Lehigh Coal ter, 111., to Altamont, HI., with branch to a point opposite St. Genevieve.
Total distance, 140 miles, including sidings. The section between
& Navigation 6s of 1897, $2,310,000; Long Branch & Seashore 7s
Centralia, 46 miles,
ffci‘>7 000 All the old bonds, it will be noticed, mature within a few Sparta and1893. At Centralia was completed and put in operation in
connection is made with the Illinois
vears. There were also in Aug.. 1894, $1,640,900 general 5s available spring of Bonds authorized, $12,000 per mile, covering roadbed, equip
Central.
for other purposes. Interest on the genera] mortgage coupon bonds is ment and terminal facilities; stock issued and subscribed for like
payable J. & J.; on the reg. bonds Q.—J.; trustee is theLJentral Tr. Co.
iThe N. Y. < Long Branch is leased jointly by the Central and tne amount. The road is standard gauge and laid with 56-pound steel rails.
&
The road was not turned over to the
Penn RR. at a guaranteed rental equal to interest on mortgage debt, 1894, but the company states that “ the railroad company till Feb. 14,
earnings
6 months ending
7. per oent dividends on stock and organization expenses.
Its Dec. 31,1893, showed the operating expenses and for fixed charges, in
all
bonds are guaranteed principal and interest by the Central. wliicn cluding int. on the mort., taxes, etc., and a small surplus on the stock.
owns all its stock, and are so endorsed. Of the general 5s $1,500,000
are reserved to retire the 5s of 1882.
C h a rle sto n C in c in n a ti Sc C h ic a g o .—Completed in 1890 from
G e n e r a l F in a n c e s , &c.—The earning capacity of this company Camden, 8. C. to Marion, N. C., 171 miles. Also in operation in Tenn
increased largely after the reorganization in 1888, but in 1894 tbe essee from Allesons’ Mills to North Carolina State line, 32 miles > and
earnings were greatly affected by tne business depression. In 1893 in Kentucky from Richardson to Whitehouse, 8 miles.
$2 000 000 general mortgage 5 per cent bonds were sold for purchase
Tennessee portion of road was bought by bondholders at foreclosure
at Tom’ s River & Waretown RR, for betterments, equipment, etc. sale in May,1892, and the remainder or the property on May 2,1893. See
In August 1894, $1,500,000 more general ss had been issued for ad V. 56, p. 413, 752. Road turned over to purchasers in October, 1893,
vances to Lehigh & Wiikesbarre Coal Co. and general purposes.
and in July, 1894, no new mortgage had been issued. Reorganization
plan V. 57, p. 638. The new company will be called Ohio River &
E a r n in g s . —9 months, > 1894, gross, $9,059,103 ; net, $8,027,313..
Charleston. See V. 59, p. 878.
January 1 to Sept. 30. > 1893, gross, $10,915,072; net, $4,329,279.
E a r n in g s ,— 9 months, \ 1894, gross, $117,633; net, $§-597.
A n n u a l r e p o r t —Fiscal year ends Dec. 31. Annual meeting is held
Jan. 1 to Sept. 30.
51893, gross, $109,172; def., $46,400.
on Friday next preceding second Monday m May. The report for 1893,
.«„n „ „ „
it co -r. qqo qqo
(Ren a.lan AfHtnrlal. V. 58. T . 366.)
>
The Receiver’s report for year ending March 31,1893, showed gross
earnings $155,425, as against $170,245 in 1891 92; and a deficit from
1893.
1892.
1891.
’ Year ending Dec. 31.
$25,602,
.. $6,906,211 $7,310,422 $6,966,198 operating of Chestnut as against $15,096 in 1891-92. Secy and Compt.
Office, 310
st, Philadelphia. John J. Collier,
6,788,543
6,556,993
... 7,004,145
—(V. 56, p. 413, 668, 752; V. 57, p. 638; V. 59, p. 878.)
472,709
351,132
291,411
Mail, express, etc........
485,233
497,689
451,920
N. Y. & L. B. Division.
C h a rle sto n Sc S a v a n n a h .—Owns from opposite Charleston,
255,273
Trackage .....................
8. C., to Central RR. at Savannah, Ga., 115 miles, and branch 6 miles,
all steel. Operates from Ashley Junction to Charleston, 8. C.,,11 miles.
...$14,653,687 $14,716,236
9,117,052 Branch to Waterboro, S. C., 14 miles, is controlled in same interest but
8,821,009
>s. 8,526,168
operated separately. Belongs to Plant system. See Sav. Fla. & West.
... $6,127,519 $5,895,227 $5,850,904
B o n d s .— Interest on first incomes: for 1888, 1*3 percent, for 1889,
Net earnings...
$868,617 2 ; for 1890, 6; for 1891, 6; for 1892, 6; for 1893,5 per cen t; in 1894,
$856,774
...
$844,628
Income from inveì
154,918 April, 4 per cent.
127,755
52,648
Premium account.
$6,874,439
E arnings.—9 months) 1894, gross, $473,213; net, $129,275.
... $7,024,795 $6,879,756
to Sept. 30.
5 1893,
120,324.
$1,839,442 $1,896,370 Jan. 1 year 1893 gross $631,973gross, 481,866; net, 1892, In year to
. . . $1,897,771
For
against $596,528 m
2,839,279
2,709,929
... 2,739,579
(7)1,572,725 (7)1,574,143 June 30,1893, gross, $625,397 against $650,993 m 1891-92; net, $135,(6*2)1,455,431
073, against $96,509; surplus over charges in 1892-93 $32,033,against
$564,647 deficit of $391450 in 1891-92.—(V. 5 4 ,p. 405; V. 56, p. 887;V. 5 8 ,p. 81.)
$757,660
.. . $932,014
C harleston Sum ter Sc N orthern.—Operates from Pregnalis.
S. C.. to Gibson Station, N. C., on the Seaboard Air Line, 132 miles, and
3 6 6 , 3 8 » ! 3 9 0 ; V. 59, p. 291.)
branches, 18 miles. Receiver appointed Jan., 1892, and receivers cer
Central V erm o n t.—Operates from Rouse’s Point at the north tificates ¿or $300,000 authorized, of which $192,000 issued, ^ o r g a n
end of Lake Champlain across Vermont and Massachusetts to New ization In progress. In October, 1894, parties interested in the Wil
London, Conn., on Long Island Sound, with branches. The system is mington & Weldon road had secured an interest in the Charleston
Sumter & Northern. Mortgage trustee is Atlantic Trust Co. of New
made up as follow s:
Leased Lines— Con'd.
Miles York From Jan. f to Oct. 31,1894 (10 months), gross earnings were
Road owned.
Miles,
$134,571 agst. $127,157 in 1893. In year ending
30,1893, gross,
Windsor to Rouse’s Point........158 Malone & St. Lawrence—Ma
lone, N. Y., to Canada lin e... 12 $165,478; deficit from operating, $1,981. (V. 54, p. 158,403, 525.)
Essex Junction to Burlington.. 8
Swanton Junction to Province. 11 Montreal Portland & Boston.. 40
Montpelier to Wfili’mst’wn,&e. 16 Montreal & Vermont Juno... 23
Charlotte Colum bia Sc A u g u sta .—See Southern R a il w a y .
New London & Northern T - — 121
F
C h a rtie r s.—Owns from Mansfield, Pa., to Washington, Pa., 23 miles
Total owned.........................193 Ogdensburg & Lake Champ. If.118
Rutland RR. I f ........ ................ 120 Leased till 1971 to the Pittsburg Cincinnati & St. Louis (now Pitts
Leased lines.—]1See these co’s.
St. Lawrence & Adirondack.. 20 burg Cincinnati Chicago & St. Louis); the rental J8
Addison RR................................ 15
• +
Brattleboro & Whitehall.......... 36 Stanstead Shefford & Chambly 43 1893 gross $281,638, against $277,967 in 1892; uet,^13.1,740, S ^ h a t
$120,412; surplus over rentals and fixed charges, $65,882. Capital
Burlington & Lamoille............. 34
Total operated June 30, ’93..803 stock. $645,300 (par $50), of which the Pennsylvania Railroad owns
Mlssissquoi V a lley................... 28
$333.850. Dividends since 1886 as follow s: In 1887,1888 and 1889,5
H i s t o r y .—A consolidation in June, 1892, of the Central Vermont,
Vermont & Canada, Montpelier & White River and Consolidated Rail per oent; in 1890, 5 ^ ; in 1891, 7*2; in 1892, 8; in 1893, 10, in 1894,
April, 5 p. c.; Oct., 5 p. c.
road of Vermont.
STOCKS AND BONDS.
RAILROAD
1894.]
N ovember ,
e v e -t
*>0 ¿j H
S®
æfl'ë'S S*®^
36
INVESTORS’
SUPPLEMENT,
[V ol.
l ix
,
Subscribers w i ll confer a great fa v or by g iv in g Im m ediate notiee o f any error discovered In these T a bles.
j
|
Bond»—Prinoi INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes
Whom.
Dividend.
Cent. Payable
Bonds Value.
on first page of tables.
Chattanooga, Union—Receiver’s certificates............
Union Railway mortgages...................-— --— Chat. Union consol, mort, for $600,000, gold...o*
Union Depot 1st M., guar, by Chat. Union, gold.29
Cheraw A Chester—Stock............................................
29
1st & 2d mortgages ($50,000 are 2ds)............ —
Cherry Valley Sharon A Albany—1st mortgage... .
Chester A Lenoir—Stock, com. ($49,000 is pref.)...
Mortgage bonds, 5 p. c. to J an. 1, ’98, then 6 p. c ..
35
Ches.ANash.—lstM.,$25,000p.m.,g. ,s.f.,not d’m.o*
Chesapeake A Ohio—Purch. money funding, gold.e* 428
Mortgage 6s, gold, series “ A” See text..........o* 503
75
1st mort., of 1911, Penin. Ext., gold. See text.o*
8
Ter*! 1st m.,1922, covering 8 m., to Phoebus.g.o*
655
1st oonsoL mortgage for $30,000,000, g old .. c*<fcr
Rich. & All Div. 1st consol. M., gold. See text.c’ 256
2d cons. M., Richm. via. Lynchb’g to Clifton F. 256
26
Craig Valley branch 1st mortgage, gold........... o'
22
Warm Springs Branch 1st mortgage, g o ld ......o '
General mortgage (for $70,000,000, etc.) gold..o' 1,174
109
Eliza. Lex. & Big Sandy 1st m., g., guar. p. & i..o'
Ches. & Ohio Equipment trust bonds, gold.......c'
Alleghany Car Trust, Series A, B and C................
Equipment notes......................................................
Elevator Co. 1st M.,gold,p. &i. guar, by C. & O .o
2d mortgage, for $500,000, income, non-oum.o
New River Bridge Bonds, gold..............................
18
Buok’am Br.RR.lstM., $15,000 p.m.,g.gu.,p.&i.c
Greenbrier & New River RR. bonds............. .
Ches. Ohio A Southwestern. —
Paduc.&Eliz.,lstM.,s. f., dr’n at 100($300,000 8s) 186
85-’87 $1,000
1,000
1888
1,000
1890
50
500
1877
1869
1,000
1887
1,000
1878
1,000
1878
1,000
1881
1882 500 &0
1,000
1889
1,000
1890
1,000
1890
1,000
1890
1,000
1890
1,000
1892
1,000
1872
1,000
Var.
1888
1888
1888
1892
1,000
1,000
1,000
1,000
1,000
1877
1,000
« W
J. ¿5 J. &uly,’91, coup, last paid
6
$ 200,000
do
do
400.000
6 g. J. & J.
do
do
150.000
6 g. J. & J.
October Oct., ’92, div. last paid.
273,350
J. & J. July, ’92, coup, last pd
150.000
7’
J.ij D.ij
7
300.000
221,700
See text. See text.
In default.
875.000
5 g. F. & A.
2.287.000
6 g- J. & J. N.Y.,,Drexel,Morg.d
do
do
A. & O,
2,014,379
6 g.
do
do
2,000,000
6 g. A. & O,
do
do
J. & D.
142.000
6 g.
do
M. & N.
do
23.452.000
5 g> J. & J.
do
do
6,000,000
* g- J. & J.
do
do
1,000,000
4 g.
do
do
J. & J.
650.000
ì e ' M. & S.
do
do
400.000
5 gdo
do
M. & S.
21.786.000
do
do
3.007.000
f l M. & S.
do
do
Various
118.000
do
do
!*• Various
160,000
do
do
Various
6
718,848
do
do
A. & O.
820,000
315.000
1 * Oot. 1.
170.000
6 g. M. & N. N.Y.., Drexel,Morg.
Richmond.
M. & S.
260.000
do
327.000
I e- M. & N.
500.000
6&8
F. & A.
See text.
J’y,’05-Jan.’07
July 1, 1918
1920
Oot., 1892
July, 1897
June 15,1899*
Aug. 15,1937
July 1, 1898
July 1, 1908
Jan. 1, 1911
June 1, 1922
May 1, 1939
Jan. 1, 1989
Jan. 1, 1989
July 1, 1940
Moh. 1, 1942
Moh. 1, 1992
Mch. 1. 1902
Various.
Various.
Oct. 1, 1938
Oot. 1, 1988
May 1, 1898
Sept.1, 1942
Aug. 1, 1942
Feb. 1, 1897
B onds.—The series A bonds o f 1878 cover, subject to the purchase
Chateaugay R R .—Operates narrow-gauge road from Plattsburg,
N. Y., on the Delaware & Hudson, to Saranac Lake, in the Adirondack money 6s, the main line from Richmond, Va., via Charlottesville to
Mountains, 73 miles. Of this it owns from Dannemora to Lyon Mt., Ashland, Ky., 428 miles, and are equally secured with the P eninsu lar
18 miles, and leases the Chateaugay Railway, Lyon Mt. to Saranac Extension 6 s by first mortgage on extension to Newport News, 75 miles..
The consolidated mortgage due in 1939 is for $30,000,000 (trustee,
Lake, 39 miles, and the Plattsburg & Dannemora RR. (so-called),
Plattsburg to Dannemora, 16 m. The latter road is leased from the State Central Trust Company), and sufficient bonds are reserved too f N. Y. for one dollar and the free transportation of freight to the provide for prior liens. This mortgage is also secured by deposit in
State’s Prison at Dannemora. The Chateaugay Railway is leased for ¡rust of the $11,000,000 bonds and two-thirds of the stock o f the Maysinterest on its bonds. Built in interest of certain iron-mining company ville & Big Sandy RR., Ashland to Covington, Ky., and the Bridge to
and to carry summer travel to the Adirondaoks. In year 1892-93 gross Cincinnati, all owned by the Ches. & O. RR. (See abstract, V. 49, p. 147. >
Richmond A Allegheny D ivision bonds cover the important freight
earningi $180,366; net, $64,132; rentals and taxes, $15,261; balance,
route from Richmond via Lynchburg to Clifton Forge and branches..
surplus, $48,871. Chateaugay Ry. has $168,000 stock outstanding.
All carry 4 p. o. from January, 1894 (Mort. abstracts, V. 51, p. 144.)
The general mortgage o f 1892 (Central Trust Co. and H. T. Wickham
C hattanooga Southern.—Owns road, completed in June, 1891
from Tennessee State line to Gadsden, Ala., 86 miles; branches, 3 miles; trustees) is for $70,000,000, but additional amounts at $25,000 per mile
trackage to Chattanooga, 5 miles. In February, 1892, J. W. Burke may be issued for double-tracking. Of the $70,000,000 as above,
was appointed receiver. Sale of road, set for Oct. 20,1894, has been $32,691,000 bonds were reserved to provide for the $30,000,000 con
postponed. Receiver’s certificates for $255,000 have been authorized. sols of 1889, issued or to be issued, etc. The balance unissued may be
Issued as in table, mainly for rolling stock and improvements. In year sold for new acquisitions, rolling stock, etc., but not more than
1892-93 gross, $86,308; net, $1,656. (V. 54, p. 287, 485,886; V. 55, p. $2,000,000 thereof in any one year. The mortgage oovers the entireproperty of the company, real and personal, at the time the
722; V. 56, p. 578, 710; V. 58, p. 222.)
C hattanooga U n io n .—Owns 43 miles of belt railroad in Chatta deed was made, and all additional property and mileage
nooga, Tenn., connecting the ten lines entering that city. H. S. Cham acquired with the proceeds of the bonds. See full abstract of mortgage
berlain appointed receiver in Feb., 1892. Majority consols deposited in V. 54, p. 644; also V. 54, p. 642; V. 55, p. 335. In November,
with Wm. H. Blackford, of Baltimore, Md., and large majority of un 1894, $21,786,000, had been listed on New York Stock Exchange,
derlying issues with H. W. Bartol, of Philadelphia (Drexel Building) - $2,112,000 having been sold in September.
The Elizabetht'n Lexington A Big Sandy first mortgage bonds, interest
pending foreclosure. Road to be sold under foreclosure of first mort
on which has been reduced to 5 per cent, have been endorsed with the
gage on Nov. 15,1894. Receiver’s certificates have been issued.
C. & O. guaranty of principal and interest, and general mortgage bonds
C h eraw & C hester.—Owns narrow-gauge road from Chester to have been set aside to retire them at maturity. There are also Man
Lancaster, S. C., 29 miles. Formerly leased to C. C. & A., but not in chester City 8s, $60,200, and 5s, $36,000.
cluded in Richmond Terminal reorg, plan as amended Feb. 20,1894.
Operations, F inances, &c.—8inoe the reorganization in 1888, when
President W. H. Hardin was made receiver in January, 1894.
Cherry V alley Sharon & A lb a n y .—Owns from Cherry Valley the control of the company was placed for five years in the hands of
trustees, the property has been greatly enlarged and improved. It isto Cobleskill, N. Y., 21 miles. In 1876 road was acquired (through
Albany < Susq.) by D. & H. Canal Co., which now operates it. Opera operated in harmony with the Vanderbilt lines.
fe
The funded debt during the year 1893-94 was increased $2,564,353
tions inoluded in Albany & Susq. reports. Stock, $289,100; par, $50.
for improvements, equipment, etc. June 30, 1894, the company re
Chester & L en oir.—Narrow-gauge road from Chester, S. C., to ported $1,952,598 bills payable issued to pay subscription to stock of
Lenoir, N. C., 109 miles, of which 99 miles is owned. Formerly leased to new steamship line between Newport News and Liverpool and improve
C. C. & A., but n ot included in Richmond Terminal as amended Feb. 20, ments, against which there were $2,241,000 general 4»as in Treasury.
1894. Receivers were appointed in January, 1894, but March 10 the This line, formally opened Sept. 7, 1893, has wharves at Newport
road was again turned over to the company. Extension to Cranberry. News and six new steamers.
about 60 miles, is said to be under consideration.
E arnings.—3 months, 1894, gross, $2,534,145 ; net, $894,054.
R eorganization .—Plan of June, 1894, provides for issue of (1.) new
; 1893, gross, $2,600,084 ; net, $934,886.
July 1 to Sept. 30.
oom. stock, $172,700, in exchange for old com. at 50 p. c. (2.) New pre
ferred, 5 p. c. non cum., $49,000, given for two years’ interest due on
A nnual R eport.—Fiscal year ends June 30. Annual meeting i»
ls t mortgage bonds. (3.) New mortgage bonds, $400,000, at 5 p. c. for
three years from Jan. 1,1895, and 6 p. c. thereafter; $350,000 to replace held at Richmond on the Tuesday preceding the last Tuesday in
old bonds and $50,000 to build road Newton to Hickory, 10 miles. October. Report for 1893-94 was given in full in V. 59, p. 331 an«
Bondholders agreed to accept 2 »2 p. c. interest on bonds for coupon 332, and showed the following. See also editorial p. 309.
1894.
(3»s p. c.) due Jan. 1,1895.
. . . .
1893.
1892.
Tear ending June 30—
The above plan has been accepted by the stockholders and a majority Miles operated..................
1,363
1,277
1,078
o f the bondholders.
$2,O il,97V
$2,356,975
$1,913,187
Chesapeake & N ash v ille.—Road owned from Gallatin to Scotte
6,630,201
7,565,511
6,694,953
ville, Ky., 36 miles, and branch, Gallatin to Hartsville, 12 miles, in Freight...............................
401,930*
414,324
396,460
Express, mail and miscel.
progress. On December 8,1890, Gen. John Echols was appointed re
oeiver. See V. 51, p. 829. Stock, $1,050,000; par, $100. In year
$9,044,106
$10,336,810
$9,004,600
1892-93 gross earnings on 36 miles, $54,405; net, $13,389, against Oper. expenses and taxes.
6,027.12V
7,132,761
6,731,732
$11,761 in 1891-92; payments, $4,942.
(67)
(69)
(75)
Per ct. expenses to earns..
Chesapeake & O h io.—(Nee Map.)—Operates from Newport News
$3,016,981
$3,204,049
Va., and Washington, D. C., to Cincmnati, Ohio, with branches.
$2,272,868
13,366.
23,680
Lines conti*d by stock, etc. Miles■ Other income..............
Lines owned in fee—
Miles.
Bridges—Covington, Ky., to
Old Point Comfort and New
$3,030,34V
$3,227,729
$2,272,868
Total net income...
Cincinnati, Ohio..................
port News via Charlottes
$2,948,112
Elizabethtown Lexington &
$2,738,304
$1,798,095
ville to Ashland, K y....... 519
2,622
Big Sandy RR.................
103 Rentals of tracks net.......
or.
Richmond via Lynchburg to
10,916
9,789Sundry branches.................... 248 Loss on grain elevator...,
14,411
Clifton Forge, V a........... 232
8,165
I 50.964
Trackage to Washington.......
85 Disoount and exch’ge, &c.
47,374
Lines controlled by stock, etc.—
64,372
Leased............................
30
Maysville & Big Sandy RR.
$18,860
$427,640
Ashland, Ky., to Covington, 144
8ur.$391,320
—(V. 56, p .4 0 3 ; V. 57, p. 2 7 8 , 2 9 7 , 3 0 0 , 422, 469, 938, 1122,1123^
Of the above mileage 19miles is narrow-gauge road. Of the
V. 58, p. 816; V. 59, p. 151, 3 0 9 , 3 3 1 , 3 3 2 , 476, 541.)
21 miles is on E. L. & B. S. and 9 miles on Washington line.
H istory , &c.—The former Chesapeake & Ohio was sold in fore
Chesapeake Ohio & Southw estern.—Louisville, Ky., to Mem
closure April 2,1878, and this company organized. In 1888, under phis, Tenn., 392 miles, and branch Elizabethtown to Ceoilian Junction
the direction of Drexel, Morgan & Co., reorganized without foreclosure, 6 miles, 398 miles; of whioh is leased from Louisville & Nashville theirand the road extended to Cincinnati. The consolidation with the Rich Ceoilian branch, 46 miles. Also operated separately the Ohio Valley
mond & Alleghany was consummated in January, 1890. The Elizabeth Ry., Hopkinsville via Princeton to Evansville, Ky., branches, etc., 160
town Lexington & Big Sandy and other roads were absorbed in 1892 miles.; and the Hodgensville & Elizabethtown and the Troy TiptonIn September, 1893, the Chesapeake & Ohio Steamship Co., controlled ville railroads, 16 miles in all, most of whose securities are owned.
by iftQs company, began operations. See below and V. 55, p. 1078
On Jan. 1,1894, the voting trust expired. The road is operated in
H istory .—The Newport News & Mississippi Valley Co., formerly con
trolling and operating this company, in November, 1893, sold its in
harmony with the Cleveland Cincinnati Chicago & St. Louis.
terest to the Illinois Central on a deal made jointly with the Louis
Capital Stock .—Common stook is $60,469,100; increased from
fe
$45,000,000 to this figure in 1892-93 through exchange of practically ville < Nashville. See below. (V. 57,p. 1083). In Deoember, 1893, pre
all the $25,000,000 o f preferred stocks for oommon stook and genera» paratory to a transfer to the Central, Messrs. John Echols and St. John
mortgage 4»a per cents in certain proportions. First preferred for Boyle were appointed receivers of C. O. & S. W. In June, 1894, the$45,700 and second -preferred for $57,600 only was outstanding July courts decided that control of C. O. & S. W. by L. & N. would be un
constitutional: V. 59, p. 28. In 1891 purchased $1,297,500 (60%) off
j , 1894. See terms of exchange in V. 54, p. 642.
37
BONDS.
AND
STOCKS
.R A IL R O A D
N ovember , 1894.]
38
INVESTORS’
{SUPPLEMENT.
[ V o l . LIX.
S u b scrib e rs w i l l c o n fe r a g r e a t la v o r b y g iv in g im m e d ia t e n o tic e o f a n y e rr o r d isc o v e re d i n th e se T a b le s .
Bonds—Prinei INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Yalue.
on first page of tables.
Chesapeake Ohio < Southwestern—( Concluded.)—
&
C. O. & 8 . W. 1st mort., gold ($19,000 per mile).o’
2d mortgage ($11,000 per mile)......................o’
Equipment trust bonds, not drawn......... — c’
Chicago < Alton—Common stock
£
Preferred stock (7 per cent yearly not cumulative)
Gen. M., Joliet to E. St. Louis & br., sterling.. .c*
B.f.bonds(K.C.St.L.&C.lstM.ool.),gold, not dr’n . c
Kansas City St. L. & C. pref. stock, guaranteed..
Joliet & Chic., 7 p.c. stock,perpet.,guar, by C.&A
S t L. Jack. & Ch., 2d M.(now 1st), end. by C.&A
2d mortgage,Bloomington to Godfrey,assumed
Louisiana & Mo., guaranteed preferred stock—
1st mort. bonds, assumed by Chic. & Alton.......
1st m ort (interest guaranteed Chic. & Alton)..
Do do (special account).........................
1st M., gold, assumed, sink, fund, dr’n atlOO. .o'
Chicago 'Burlington, < Northern—Stock....................
£
1st mortgage, sink’g fund, redeemable at 1 05..o’
2d M. ($10,000p. m.) red. after May 3 1 ,18 9 8 ..o’
Ten-year debentures.............................................o’
Equipment mortgage—see tex t....................
Con. M. eov’ng Ch. Term, (now 1st lien) see te x te ’
Plain bonds.......... .............................................o’
Sinking fund bonds, (IstM. as coll.) not dr’n .c
352
352
1881
1881
322
162
162
38
37
150
101
101
101
101
101
1873
1878
1877
$1,000
1,000
1,000
100
100
1,000
1,000
100
100
1,000
1,000
100
1,000
1,000
1,000
1,000
—
1877
1,000
363
363
1886
1888
1886
1888
757
33
286
1868
1868
1870
1870
$6,176,000
3,865,000
685,000
18,764,200
3,479,500
4,379,850
1,853,000
1,750,000
1,500,000
188,000
42,000
329,000
439,000
1,287,000
59,000
300,000
300,000
563,000
See text.
6 g. F. & A.
F. & A. Aug.,’93, coup, lastp’d.
6
Semi-an
New York City.
6
8 per an. Q .-M . ( N.Y., Cuyler.Morg’n }
8 per an. Q .-M . 1 &Co &Cliic.Tr. Office S
6 g. J. & J. Lond’n,J.S.Morgan&Cò.
6 g* M. & N. N. Y „ Cuyler.Morg.&Co.
do
do
6 per an. Q .-F .
7 per an. Q .-J . N. Y., U. S. Trust Co.
J. & J. N. Y .,Cuyler.Morg. & Co.
7
do
do
J. & J.
7
do
do
7 per an. F. & A.
do
do
F. & A.
7
do
do
F. & A.
7
F. & A.
do
do
7
do
do
M. & N.
7
J. & J. Chic., Treasurer’ s Office
7 per an.
6 g. A. & O. N.Y.,Cuyler,Morg.& CO.
Aug. 1, 1911
Aug. 1, 1911
June, 1901
Deo. 1, 1894
Dec. 1, 1894
July 1, 1903
May 1, 1903
Nov. 1, 1894
Oct., 1894
July 1, 1898
July 1, 1898
Aug. 1, 1894
Aug. 1, 1900
Aug. 1, 1900
Aug. 1, 1900*
Nov. 1, 1900
July, 1894
Oot. 1. 1912
A. & O. N.Y., F.L.&T.Co.&Bost.
do
do
J. & D.
do
do
J. & D.
do
do
F. & A.
Q .-M . N. Y., Boston and Chic.
J. & J. N.Y., Bk.of Com.&Bost.
do
do
J. & J.
J. & D. Boston, Co.’s Office.
A. & O. N.Y., Bk.of Com.& Bost.
Apr. 1, 1926
June 1, 1918
Deo. 1, 1896
Feb. 1, 1903
Sept. 15,1894
July 1, 1903
Jan. 1, 1896
June 1, 1895
Oct. 1, 1901
5
8,334,500
500 &o.
6
2,215,000
1,000
935,000
6
1,000
908,000
5
1,000
100 32,002,700 See text.
7
1,000 26,677,000
1873
547.500
7
1,000
1871
5
330,000
1,000
1875
5
2,315,000
1,000
1876
)
Ohio Valley stock, guaranteeing its $2,162,000 bonds; V. 52, p. 321,71.
General Finances.—The Chicago & Alton Road has been parS a u ^ L 1892! a controlling interest in Owensboro Falls of Rough |ticiüarly strong in having a largeJoca^bim in^s^be^een Chicagojm d
St. Louis. Its leased lines are as completely controlled as if owned,
& Green River RR. was purchased by Ches. O. & S. W. parties.
and the system is very conservatively managed, no extensions
Securities. —
Common stock, $6,030,600, and preferred $3,860,000 having been built or new lines acquired of recent years. Since the
($164,000 additional unissued).
year 1883 $2,371,703 income has been expended in the purchase of
In May, 1894, $80,000 receivers’ certificates were authorized.
additional real estate, rolling stock, etc., and the bonded debt has been
In December, 1893, the Illinois Central pledged as part security for reduced by the purchase and cancellation of $799,000 of bonds.
its collateral trust 4 per oent bonds of 1904 [first issue $5,000,000]
A nnual R eport.—Fiscal year ends December 31. The annual meet
$5,417,200 common and $3,511,600 preferred stock, $2.369,000 of
the 2d 6s, $470,000 equipment trust bonds, $779,970 over-due cou ing is held in Chicago the first Monday in April. Annual report for
1893 was in V. 58, p. 304, 323.
pons of the 2d 6s and equipment bonds, and $1,783,544 of floating
1893.
1892.
1891.
debt formerly due bv the C. & O. S. W. to C. P. Huntington and the Tear ending Dec. 31— 1890.
Newport News Co.; also other securities andjelaims, making a total of Total gross eamings$7,065,754 $7,590,881 $7,730,610 $7,566,639
all C. O. & S. W. securities so pledged of $16,659,591.
Net earnings............$2,683,754 $3,132,131 $2,922,811 $2,910,750
The Illinois Central then sold all these securities to the Louis
305,336
272,866
272,567
273,497
ville & Nashville in return for $5,000,000 of its “ two-ten gold Other receipts...... .
131
305,917
Prem’s on new stock.
obligations,” possession of the securities to be given when these obli
gations are paid. See terms of contract between L. & N. and Illinois
Total receipts. . ...$2,957,251 $3,404 698 $3,501,594 $3,216,217
Central, also list of C. O. & S. W. securities, in V. 59. p. 605. The courts
$658,892
$674,058
$674,722
have denied the right of the L. & N. to operate the C. O. & S. W. The Rentals paid......... . $652,411
217,833
238,841
200,220
Illinois Central loan is for $12,750,000, and $1,500,000 can be issued Con struct.,equip.,&c. 184,271
632,037
804,108
810,387
816,161
only to take up additional O. O. < S. W. 2d 6 s and certain other bonds, Interest on debt......
£
1,582,386
1,407,560
1,407,560
Dividends.................. 1,407,560
and $6,250,000 only for a like amount of Ches. O. & S. W. firsts.
57,342
169,986
88,742
Miscellaneous... 4---189,227
Coupons.—Coupons due Feb. 1,1894, on Paducah & Eliz. firsts and
C. O. & S. W. firsts were bought by Speyer & Co., N. Y., for account of B alance................def.$292,379 sr.$223,067 sur.$207.046 sur.$72,727
the Hlinois Central RR. August, 1894, coupons on Pad. & E. lsts and
- (V. 56, p. 3 2 9 , 3 5 6 ; V. 57, p. 217, 468; Y. 58, p. 82, 3 0 4 , 3 2 3 ; Y
C. O. & S. W. lsts were not paid. V. 59, p. 331.
59, p. 737, 780, 835, 878.)
E arnings.—9 mos.
> 1894, gross, $1,524,812; net, $514,176.
C h ic a g o B u r li n g t o n & N o r t h e r n .—Owns from Oregon, 111,
Jan. 1 to Sept. 30.
(1893, gross, $1,716,763; net, $601,105.
to St. Paul, Minn., 318 miles; Fulton to Savanna, 111., 17 miles; branches
A nnual R eport.—Fiscal year changed to end June 30. Report for 6 miles; trackage to Minneapolis, etc., 30 miles; total, 371 miles. Com
year 1891-92 in V. 55, p. 855.
pleted Aug., 1886. Stock authorized $12,000,000; par, $100; outstand
Tear—
Gross earns.
Net
Other inc. In t.,etc.
Balance. ing in November, 1893, $9,571,500, of which C. B. & Q. owned
1892-93.........$2,410,208 $847,822 ............. £¿28........
$9,555,600. (See V. 50, p. 390.)
1891-92......... 2,297,825
823,156 $45,528 $889,303 def. $18,619
B
traffic guarantee
1 8 9 0 -9 1 ...... 2,311,280 739,428 ...............................
............ for onds.—The C. B. & Q. and Chicago & Iowa give a derived from busi
20 years from ’ 85 of one-half of their net earnings
—(V. 57, p. 218, 510, 763,1039,1082,1083,1122; V. 58, p. 127, V. 59, ness to and from the Northern (to be not less than $100,000 per year)
p. 28, 381, 878.)
for the retirement of Chicago Burlington & Northern firsts at 105; and
C lile a g o Sc A lt o n .—R oad—Operates from Chicago to St. Louie after March 31,1896, the whole issue may be retired at 105.
The equipment bonds were called for payment at 105 on Feb. 1,1893,.
Kansas City, eto., owning 542 miles and operating in all 843 miles, of
and holders given the privilege of retaining their bonds upon agreeing
which 110 miles double track.
Lines Leased—
Miles, to 5 per cent interest and the waiving of the sinking fund provision.
Lines Owned—
Miles.
Joliet to East St. Louis............. 244 Joliet & Chicago—
E arnings.—9 months, ( 1894, gross $1,301,549 ; net $352,967.
Chicago to Joliet..................... 37 January 1 to Sept. 30, (1893, gross $1,719,646; net $593,442.
Dwight to Wash, and Lacon... 80
Louisiana & Missouri Riv.—
St. L. Jack. & Chic. Division—
Tn 1893 gross earnings were $2,361,155; net, $848,070; rentals,
Louisiana to Cedar C ity..— 101
Bloomington to Godfrey.......150
$114.895; interest, $681,994; taxes, $89,128; balance, deficit for
Rood house to Quincy June---- 37 Kan. City St. L. & Chicago—
Mexico to Kansas City.......... 162 year, $37,947. In 1892 gross, $2,208,972; net, $807,938. (V. 52, p.
Joliet to Coal City, etc.............. 25
Other lines.................................. 6 Mississippi River Bridge........... 1*3 641; V 55, p. 215.)
C h ic a g o B u r li n g t o n & C lu in cy .—( See M ap.)— oad .—Operates
R
Total of all (70 lb. steel)....... 843 a great system of roads extending from Chicago westerly, reaching St.
Paul and Minneapolis, Minn., St. Louis and Kansas City, M o- Omaha,
H istory.—Reorganized in October, 1862, after foreclosure.In 1884
N e b ., Denver, Col., and Cheyenne and the Black Hills m Wyoming.
consolidated with the St. Louis Jacksonville & Chicago RR.
The accompanying map shows clearly the lines of this system
Stock.—Stock for $2,185,900 was sold to stockholders at 114, to
Controll’d—op.separately. tMiles.
Miles.
Road owned, leased, etc.
retire $2,383,000 of 7 per oent bonds due January 1,1893. In August, Chicago to Denver, Col— ...1,024 St. Louis K. & N.W.(see below)225
1893, the company sold $2,500,000 new stock to stockholders at Kan. C. St. J. & Conn. BluffsH—
Chicago Burl. & Kansas City ..195114 to retire $2,929,000 7 per oent bonds due April 1,1894.
Kan. C. to Coun. Bluffs, etc. 316 Humeston & Shenandoah, half
The Chicago & Alton preferred stock has prior right to a non-cumula Other branches, and leased
interest with W abash.......... 95
tive dividend not exceeding 7 per oent from net earnings and (after
lines, practically owned— 4,103 Chicago Burl. & Northern___H 371
payment o f 7 on common) also shares with common in any surplus.
Used iointly with other Co.’s. 153 Hannibal & St. Joseph. . . ---- f 295
18
D iv i d e n d s since 1879—In 1880, preferred 7, common G1 ; in 1881, Sheridan to Billings (see bel’w) 129 Trackage, No. P a c..................
^
both 8 ; in 1882, both 8 ; in 1883, both 8 ; in 1884, both 10; from 1885
System proper................... 5,725
to Dee., 1894, both inclusive, both 8 (2 per cent quarterly.)
Second track, 297 miles; third track, 30.
L eased Lines.—The Kansas City St. Louis < Chicago is leased in per
&
ITThese properties are separately described in this Supplement .
petuity from Nov. 1,1877, at rental of 35 per cent of gross earnings.
t Of this mileage 59 miles are already included in the system proper
Its bonds are held by the U. S. Trust Co. as security for the Chicago and 106 miles are trackage outside of system.
& Alton bonds of 1878, which have a sinking fund of $60,000 per annum.
In 1893 road was extended to Spearfish m South Dakota, 32 miles,
Common stock, $271,700, of which $157,600 is owned by the C. & A.
and to Alger in Wyoming, 8 miles The St. L. Keokuk & N. W.,
The Joliet Chicago is leased from January 1,1864, forthe term ol its was extended in 1894. so as to afford entrance into St. Louis.
charter, and forms part of the main line. Rental, 7 per cent on stock.
Extension from Sheridan to Billings, on Nor. Pac. 147 miles, was
The Louisiana
Missouri River RR. is leased for 1,000 years. opened for business Oct. 28,1894. For 18 miles out from Billings
Rental, 35 per cent of gross earnings, after taxes, &o., have been tracks of No. Pac. RR. are used. V. 59, p. 737.
deducted from them, but interest guaranteed on bonds and $329,000
Organization , &c.—This was a consolidation in July, 1875, of the
preferred stock; other preferred stock is $1,010,000 and common
$2,272,700, neither of which have ever paid dividends. Rental in 1893. Chicago Burlington & Quincy in Illinois and the Burlington & Missouri
River in Iowa. In 1880 the Burlington & Missouri in Nebraska was
$140,897, against $161,468 in 1892. In Nov., 1894, a controlling in
terest in La. & Mo. River stock was purchased by Chicago & Alton. V. absorbed. The leased lines are practically owned and there is no charge
tor rentals in the income account, except as interest on bonds. The
59, p.878.
.
£
£ . .. ..
.
As to progress of La. £ Mo. River toward payment of dividends on ownership in the other roads above-mentioned is in the stocks and
unguaranteed stock, it may be said that after payment of the debt to bonds thereof, and their accounts are kept separate.
Lands —The lands have mostly been sold, but 46,535 acres remain
the C. & A. [of which prim ipal and interest^36,295 remained unpaid
Jan. 1,1894] and the redemption of the $59,000 special account bonds, ing ; land notes outstanding, including interest payable, $515,942.
the yearly rental will be applicable as follow s: To interest on guaran
Capital Stock .—The stock has been increased for the acquisition
teed stock and remaining bonds [excluding the $439,000 assumed by of new lines, and in 1880 a distribution of 20 per cent was made. Stock
C & A. and provided for by that company], $134,120; current expenses for $5,595,300 was sold at par to stockholders in February, 1893.
about $2,200: balance to dividends on La. & Mo. unguaranteed stock.
Dividends.—From 1881 to 1887 inclusive, 8 ; in 1888, 5; inThe Mississippi River Bridge is leased in perpetuity from Dec. 3,1877,
at 7 a o . on $300,000 stock (all owned by C. & A.) and 6 p. c. on bonds. 1889,4; in 1890,5; in 1891,4*4; in 1892, 5; in 1893,.5; in 1894,.March*
114 p. e.; June, l i i P- c.; Sept. 1*4 p. e.
•
V. 59, p. 428.
N ovember , 1894,]
JRAILKOAD
STOCKS AND BONDS.
39
40
IJS V'ESTOES’
SU PPLEM EN T.
[Y ol . L I X ,
Subscribers w ill confer a great favor by givin g Im m ediate notice o f any error discovered in these T a bles.
Bonds—Prinol
INTEREST OF DIVIDENDS.
RAILROADS.
pal,When Due
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par Outstanding
of
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Chicago Burlington & Quincy—( Concluded)—
& O. N. Y., Bk.of Com.& Bosk
5
Oh. Burl. & Q. Iowa Div., s. f. 5s, drawn a t105.. > 787 >1879 $1,000 $2,861,000
do
do
& O.
4
7.766.000
(1879 1,000
Iowa Div., s. f. mortgage4s, drawn at 100.c&r j
do
do
& 8.
4
4.300.000
1,000
1881
Sink, fund 4s (for B. & S. W.) drawn at 100. c&r*
do
do
& A.
4
7.968.000
1,000
4Ï5 1881
Denver exten. (collat. tr.) b’ ds, s.f. dr’n at lOO.c
do
do
& N.
5
9.000. 000
1,000
1883
Ch. Burl. & Q. Debentures for Han. & St. Jo stk.c*
do
do
& N.
4
Nebraska ext., $20.000 p. m. (s. f., not dr’n).c*&r 1,432 1887 l,000& c 27,700,000
do
do
& S.
5
1890-2 100 &e. 15,263,900
Convertible debentures (See remarks)...............
& D. Boston, Co.’s Office,
669.000
8
1,000
’ *49 1871
Omaha & 8. W., 1st mortgage, guaranteed— -.c*
do
do
& O.
7
349.000
1,000
Nebraska Railway consolidated mort, guar........ c 132 1877
& J. Boston, Bb. of Com’rce.
6
7.894.000
B.&Mo.RR. inNeb. 5 Land grant, s. f., dr. atlOO) 628 (1878 600 &c.
do
do
& J.
5.000.
000 6
( 1878 600 &c.
Con.M$14000000 ( Exempt, not dr’n till 1908 i
do
do
& J.
4
3.347.000
1,000
1880
Burl. & Mo. RR. inNeb., s.f. for At.&Neb.RR.st’k..
& A. N. Y., F.L.&T.Co.&Bost.
5
840.000
1,000
Quincv Alton & St. L. (leased) 1st mortgage— c* "46 1876
& J. Boston, Bk. of Com’rce.
6
1.078.000
90 1879 600 &c.
Eep.Val. R .,lst M.g., (dr.at 100) s.f. ,$14,000 yr’ly.c
& J. N.Y., F.L.&T.Co.&Bost.
1.076.000
8
1,000
70 1870
Ottawa Oswego & Fox River, 1st mortgage — o*
do
do
& J.
8
See text.
80 ’69-’71 1,000
Chicago & Iowa 1st and 2d mortgages..................
do
do
& O.
8
See text.
24 1875
Chicago Rockford & Northern 1st mortgage........
& s. Boston, Bk. of Com’ree.
7
1.125.000
148 1878 100"&c.
Atch. &Neb., IstM., At. to Lin., Neb., etc., guar.c*
Boston.
&D
6
See text.
2d mort. on Atch. & Neb. RR. (1st M. on bridge) 148 1887
& J. Boston, Co.’s Office.
7
600.000
1,000
73 1880
Linc’n & N.W. RR.lstM . guar., s.f.lp .c.,n ot dr’n ..
& A, Boston, C. B. & Q. office
6
See text.
1890
O. B. & 6- System—St. L. Keokuk dhN.W. 1st M ....
Too 6,197,800
Okie, a Bast. Illinois—Com. stock ($15,000 p. mile).
peran. Q.—J. N.Y., Hanover Nat. B’k
4,830,700
100
Preferred stock, 6 per cent ($10,000 per mile). . . .
J. & D, N.Y. ,4th Nat.Bk. & Bost.
6
2.989.000
107 1877 100 &c
1st mort. (s. f. $20,000, no drawings)............. ...o*
M. & N, Boston, Globe Nat. Bk,
119.000
6
1,000
7 1880
Danville & Grape Creek RR.—1st M., assumed, .c*
J. & D. N. Y., FourthNat. Bank.
6
103.000
1,000
15 1881
Extension, 1st mortgage.........— - -- -- - .......... ,®
2.788.000
1,000
6 g. A. & O N. Y., Central Trust Co.
127 1884
Consol, mortgage (for $6,000,000),gold s. f ...... o
do
do
F. & A
42,000
1,000
1887
Collateral trust bonds, sinking fund..................c*
do
do
! * M. & N, N. Y., Met. Trust Co.
General consolidated and first mortgage........ c&r 256 1887 l,000&c 7.393.000
J. & J
5
4.626.000
1,000
174 1886
Ohio.&Ind. Coal—1st M. $25,000 p. m., assumed.c*
Oct.
Oet.
Sept.
Feb.
May
May
Sept.
June
Oct.
July
July
Jan.
Feb.
July
July
1900
Oct.
Moh.
Dec.
Jan,
Feb.
1, 1919*
1, 1919
1, 1921
1, 1922*
1, 1913
1, 1927
1, 1903
1, 1896
1, 18961, 1918
1, 1918
1, 1910
1, 1896
1, 1919'
1, 1900
& 1901
1,18951, 1908
1, 1927*
1. 1910
1, 1930*
Oet.
Deo.
May
Dec.
Oct.
Feb.
Nov.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1894
1907
1920'
1931
1934
1912
1937
1936
C. B . < O . S ystem —St. L o u is K e o k u k & N . W . —R oad .—
fc
Sinking F unds.—Included in the bonds outstanding in the table
above are sundry bonds of the company which are held alive and From Keokuk, Mo., to St. Louis, Mo., 170 miles, and branch Keokuk to*
Mt. Pleasant, 55 miles: total, 225 miles. Controlled by C. B. & Q. Stock .
drawing interest for account of the various sinking funds.
B onds.—The consol, mortgage of 1873 is for $30,000,000, of which —Stock increased from $8,000,000 to about $20,000,000 in 18938>1 076 000 reserved to retire a like amount of Ottawa Oswego & Fox B onds. - All of Che $8,000.000 bonds are held in the O. B. & Q. treasury.
River guaranteed bonds—
the remainder for cons true tip nand equip E arnings.—For year ending June 30, 1893, gross, $1,767,266; net*.
ment. The consols are a first lien on 750 miles of road m Illinois and $558,536.
on Chicago terminal property.
. „
,
. __
C h ic a g o & E a s te r n I l l i n o i s . —(See M o».;—Operates double
The Iowa Division bonds cover the mam line in Iowa from track road from Chicago, HI., to Terre Haute, Ind., and the bituminous
Burlington to East Plattsmouth on the Mo. River, 279 miles, coal fields, with various branches. (T See this oo.)
[
and 16 branches, 511 miles. These bonds have a sinking fund
Lines owned in fee.
Miles. I Proprietary lines (leased.) Miles.
o f lLs per cent ($203,800) yearly, for which the 4s are
Evans. T. H. & Chic. RR., Dan
Dolton to Shelbyville, 111........... 199 |
subleotto call at 100, the 5s at 105. The Denver Extension bonds are
secured bv deposit with the trustee of first mortgage 5 per cent bonds Rossville to Sidell, 111.................. 34 ville, to Otter Creek June. Tf. - 49
|Ind. Block Coal RR., Otter
(limited to $20,000 per mile of main track and $10,000 per mile of sec Momence to Ind. State line—
Juno. Chic. & Ind. Coal R y... 11
Creek June, to Brazil* In d .... 13
ond track) upon about 400 miles of road, representing five different
Cissna Juno, to Cissna Park... 11
Trackage, etc.
lines of which the most important is that from west line, Red Willow
Otter Creek Juno, to Terre H .. 6
County, Neb., westerly to Denver, Col., 248 miles. They have a sinking Chie.&Indiana Coal Div., Brazil
to La Crosse, Ind., etc.............176 |Dolton to Chicago, Ch.&W.Ind. 17
fu n d o f 1 per cent for which they are subject to call at 100.
The collateral trust Nebraska extension bonds of 1887(New England Double track.............................. 706 |
Total operated June 30, ’94.. 51 &
Trust Co., of Massachusetts, trustee) are issued at $20,000 per mile for ,
H istory , L eases, &c.—Reorganized under existing title September
Bingle track and $10,000 per mile additional for second track. See
1,1877. On June 7,1894, formally consolidated with the Chicago <
fcabstract of mortgage in V. 45, p. 441
. ___ . - QnQ . V
Burlington < Mb. in Nebraska consol, mortgage of 1878 is for Indiana Coal RR. See V. 58, p. 987. Also owns control of Evansville
&
B14 000 000. of which $1,018,000 reserved to retire in 1896 Omaha & Terre Haute & Chicago RR. and $1,000,000 stock of the Chicago &
8 W ancl Nebraska Railway bonds, the only prior liens. The mortgage Western Indiana—which see, having all the local traffic of the lattercovers 628 miles in Nebraska, including lines from Omaha via Oreopo- road from Dolton into Chicago.
In January, 1890, a ten-year traffic contract was made with the
lis to Grand Island, Lincoln via Hastings to Amboy, and from Nemaha
via Beatrice to Crete, etc. Of the consols outstanding all except the Evansville & Terre Haute for the operation of a through line between
85 000 000 of exempt bonds are subject to call for the siiiking fund at Chicago and Evansville. V. 55, p. 995.
par, $193,815 having been retired in 1893. The ‘ ‘ exem pt’’ bonds may
Capital Stock .—The common stock is entitled to all surplus after 6
he called after 1908. The siukmg fund Deo. 31, 1893, held alive per cent on the preferred stock. In addition to the amounts outstand
83.420.308 of th -bonds included above as outstanding.
ing in the table, $2,158,800 common and $407,100 preferred were held
The 5 v tr cent debentures of 1890 and 1892 are convertible into stock, in the company’s treasury June 30,1894.
tany time prior to December 1, 1902, except when books are closed.
D ividends.—On new preferred in 1888, 7*2; in 1889, 6 ; in 1890, 6; in
Bee terms of conversion on page 2 of the Supplement for March, 1893
«;.
Many of the bonds are redeemable (may be drawn) before maturity at pref. stock; in 1891,4*2 cash; in 1892, 6; in 1893, 6; in 1894, Jan., I 1
April, I V , July, I V Oct., 1 ^ per cent.
various prices, plus accrued interest, as stated in the
above. .
Bonds, G uaranties, &c.—The Chicago & Eastern Illinois guaran
Chicago < Iowa 1st and 2d mortgage 8s for_$1,750,000;
&
Rockford & No. 1st 8s, $250,000; Atchison & Nebraska ^ 6s $901, tees the interest on Evansville Terre Haute & Chicago issues (see that
280, released from B. & M. R. sinking fund, were held in C. B. & Q. company) and interest on $150,000 Indiana Block Coal 1st 7 s ; some
Block Coal 7s have been drawn for the sinking fund.
treasury Jan. 1,1894.
The general consolidated mortgage of 1887 (trustee, Central Trust
G eneral F inances —The Chicago Burlington & Quincy Railroad
has been one of the most profitable in the country, as its numerous Company) provides for the retirement of $6,012,000 prior bonds and
for issue of bonds on new road at $ 1 8 / 09 p jr mile for single track;
branches tributary to the main line were built into choice agricultural
territory. Com, however, being one of the principal articles carried also for bonds for equipment at $7,000 pe. mile and for double track at
$8 000 per mile. These bonds are a first on ircgage on 124 miles of road,
by it. its earnings vary greatly according to the size of the crop.
On July 1, 1893, the company issued new capital stock for including the line from Rossville via Sidell to Shelbyville. etc., also on
equipment valued at $2,355,000, and upon real estate in Chicago cost
85 876 500. and the same amount of consolidated 7s, due in 1903,
The proceeds were used for new equipment, improvements, con ing over $1,200,000. They also cover 106 miles of double crack from
struotion, St. Louis terminals, bridge across the Missouri, and for the Danville to Dolton, 111., and rest of property subject to prior liens.
Chicago & Indiana Coal first mortgage of 1886 (trustees, Metropolitan
rvf 83 542 550 Burlington & Missouri 7s due Oct. 1,1893. The
payment of ‘ m e B. & M .7s freed about $6,635,000 of bonds drawing Crust Company and R. B. F. Pierce) is for $1,000,000 on road from
interest in the sinking fund; but in January, 1894, sonm of the bonds Yeddo to Brazil and $25,000 per mile ($7,000 of this for equipment)
set free were sold. See V. 56, p. 164 ; V. 57, p. 105. Ip April, 1894, for extensions; second track, $8,000 per mile. The bonds have been
$1,500,000 consol. 7s were sold, and in July $1,000,000 more were assumed by the C. &E. I. Of the $4,626,000 given as outstanding,.
issued to reimburse the company for construction in lo88. Burl. & Mo. $89,000 were in C. & E. I. treasury June 30, 1894. During 1893-94
$39,000 were issued. (V. 54, p. 964.)
Riqer in Iowa 8s for $62,500 fell due July 1,1894.
G eneral F inances.—This company owns most of the capital stock
L atest E arnings.—From Jan. 1 to Sept. 30 (9 months) earnings
of the Brazil Block Coal Co., and carries all its coal. It carries also
1a0» ™ " 8 ‘ S i r “ “ '011* " “ S i .
“1'
Charge,.
Bed., m rvl-u,. the coal of the Grape Creek region. It has bought within a few years
terminal property in Chicago worth over $1,200,000. In December,
1892 issued $1,007,000 general consols for double Grach, etc., and in
N o v ., 1893, issued $946,000 for construction (Rossville to Sidell, &e.)
and equipment. Bills payable June 30,1894, $360,000.
L atest E arnings,—From January 1 to Nov. 7 ,1894 (lO1 months) n
^
gross, $2,789,626, against $3,894,287 in 1893.
Tear end. Dec. 31— 1890.
1891.
1892
1893^
A nnual R eport.—Fiscal year ends June 30. Annual meeting is held.
In Chicago on the first Wednesday in June. The annual report for
1893-94 was in Y. 59, p. 647. The policy of oharging operating
expenses with many items that might properly be oalled ‘ ‘construction”
was continued. The company receives low rates for its freight, the
get « r a i n » - . . . « , ^ « 6 , | 7 0
W l | 4 | 5 rate per ton per mile in 1893-94 being 63*100 of a cent, against 59 1 00
of a cent in 1892-93; rate per passenger per mile was 1 61 cents,
f i m a n y ’s income account, including the receipts and disburse- against 1*53 cents.
of lines controlled, Jms been ^ fo llo w s :
Tear end. June 30.
1891.
1302.
1393.
1894.
1893
439
480
480
516
$9,818,465 Miles operated...........
Ketea™ in.! « ....W « 8|,26|
*9,¡86,§70
1,771,092 G ross e a r n i n g s . ...---$ 3 ,5 6 7 ,1 9 5 $ 3 ,7 7 5 ,5 4 6 $ 4 ,4 4 6 ,9 5 9 $ 3 ,8 6 0 ,1 1 5
806,035
Int. & exoh’ ge..
108,422 O p e r ? e x p i& t a x e s . . . 1 ,9 4 6 ;4 9 9
*156,848
188,572
2 ,5 0 3 ,5 2 3
2 .9 9 0 ,3 1 4
2 ,4 0 9 ,7 1 0
178,455 _______________
NetB. &M. 1. gr.
Netearnings .......$1,620,696 $1,272,023 $1,456,641 $1,450,405
fiet (incl.oth.income).$1,660,279 $1,340,987 $1,523,386 $1,576,092
Interest p a id __. . . . . .
769,904
837,340
913,016
942,788
Rentals
. ..........
204,226
210,655
221,071
238,756
Div. on pref. stock . .(6)275,949 (6)283,986 (6) 283,986 (6) 286,914
g H ff& S H & s
•sfcaa
Balance, sur..def. $302,434 sur.$836,274 sur.$990,354 sur.$123,466
_ (V 56 P 164, 646, 6 6 7 , 6 6 9 , 834; V. 57, p 21 22 105, 342,1122
V. 58, p.’ 5 4 9 , 5 5 4 , 733,773 ; Í. 59, p. 116, 629, 737.)
Balance............... sur. $410,198 sur. $9,006 sr.$105,313 sr.$107,634
-(V . 56, p. 8 1 , 578; Y. 57, p. 7 1 8 , 894, 979; V. 58, p. 987, 6 47.)
N ovember , 1894.]
KAJDLROAD STOCKS
AND
BONDS.
41
42
IN V E S T O R S ’
SUPPLEM EN T.
[Vol, LIX.
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Prind
.
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
When
Par
of
For explanation of column headings, &c., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last.
Dividend.
Whom.
Cent.
Road. Bonds Yalue.
on first page of tables.
Chicago Elevated Terminal—Stock...........................
$100,000
$100
Chicago < E ne—Stock (all held by Erie)............. .
«
N. Y. L. E. & W.
1,000 12,000,000
5 g. M. & N.
1st M., gold, interest guar, till principal is paid, .c* 249 1890
Oct. 1.
N. Y.,when earned.
5
Income bonds for $10,000,000 non-cumulative .. 249 1890 l,000«&c 10,000,000
300,000
5 g. J. & J. N.Y.,Drexel,Morg.«fe Co.
1888
Terminal 1st mortgage, gold..................................
1,000
See text.
5 g. J. «fe J.
1891
Chicago Fort Madison A Des Moines—1st mort.,gold
6,600,000
100
Chicago & Grand Trunk—Stock..................................
J. «fe J. i N. Y. Agency, Bk. of
546,000
‘ ‘e
66 1880 500&C.
Northwest Grand Trunk., 1st mortgage................
6
J. «fe J. ) Montreal «feLondon.
is t mortgage for $6,000,000, $ & £ ............... .o&r 327 1880 £100 «feo 5,454,000
do
do
5
J. «fe J.
2d X V
mortgage, $ ML4 «' ..................................... ,.o**r 327 1882 LOOO&c 6,000,000
and £
U Jl
IV S
A
v
&
2,823,150
Oh.Gt.West.—C.St.P.«feK.C.pr.loan,red.atl05.assum 815 1889
5 g- J. «fe J. N.Y.,Lon. < Amsterdam
fe
100
See text. 4 per an. J. < J. London,R.Benson < Co.
&
Debenture stock, $15,000,000, guar. 4 per cen t..
4
do
do
See text.
1894
Debrnture scrip (see text).................................
do
do
100 11,131,800
Pref. stock A, 5 per cent, gold, $15,000,000........
100
7,444,190
Pref. stock B, 4 per cent $10,000,000...................
100 20,808,345
Common stock, $30,000,000..................................
6
387,**79
Collateral sterling notes (£80,000)........................
1,444,085
C. St. P. & K. C. equip, lease warrants, assumed.
E T 8 COMPA NIES.
OT
Chic. June. Rys. A un. Stk. Yard— See M iscellan
100 July’94none
45
Chic. Kalamazoo A Saginaw—Stock ($2,000,000 au.)
100 46,027,261 See text. A. «& O. N. Y., Office 42 Wall St.
Chicago Milwaukee A St. Paul—Common stock.......
fe
do
do
100 25,991,900 7 per an. A. < O.
Preferred stock 7 per oentyearly, not cumulative.
do
do
1,000
2,824,000
J. «fe J.
7
230 1867
Iowa & Minn. 1st M. convert, into pf. stock..c*
do
do
1,000
3,674,000
8
F. < A.
fe
Prairie du Chien 1st M. (Mil. to Pr. du Chien) .o* 195 1868
1,000
1,197,000
do
do
7*3 F. «fe A.
2d mortgage, convertible into pref. stock ..c* 195 1868
540,000
1,000
7
J. «fe J.
do
do
Iowa < Dakota IstM., conv. into pref. stock..*o 126 1869
&
3,804,500
7 g. J. «fe J. London and New York
River Div. (St.P.&C.) 1st M. con. intopf.stk.g.c* 129 1872 $ & £
89,000
7
J. «fe J. N. Y. Office, 42 Wall St
Hastings & Dakota 1st M., conv. into pref. st’k
May 1, 1983
O ct 1, 1982
July, 1918
1911
Jan. 1, 1910
Jan. 1, 1900
Jan. 1. 1922
Jan. 1, 1934
See text.
See t e x t
1894-1901
O ct 22,
O ct 22,
July 1,
Feb. 1,
Feb. 1,
July 1,
Jan. 1,
Jan. 1,
1894
1894
1897
1898
1898
1899
1902
190&
Chicago Elevated T erm in a l R y , —Organized in 1892. Owns committee o f the company,” which exercises general supervision of it»
elevated terminal tracks in Chicago aggregating 27*69 miles. Presi flnauces. Upon default in payment of interest on the debenture stock
or of dividends, if earned, on preferred A, holders of said-securities will
dent, Joseph T. Torrence; office, Monadnock Block, Chicago, 111.
through the finance committee and a receiver for
Chicago Sc E rie.—Owns from Marion, Ohio, to Hammond, Ind. have the sole right direct the management of the property until default
them appointed to
249 miles, and leases trackage over Chicago < Western Indiana to is made good, when the management again reverts to the company.
&
Chicago, 20 miles. Connecting line for the New York Lake Erie & Additional securities of said issues can be put out, but only with con
Western and the New York Pennsylvania < Ohio to Chicago.
fe
sent of a majority pf both said classes of stock present at a meeting.
H istory and Stock .—Reorganization per plan in Y. 44, p< 369 of Securities of Other issues having a lien prior to preferred A can be
Chic. < Atlantic, sold in foreclosure August 12,1890. The N. Y. Lake created, but only with consent of two-thirds of both classes. The sev
fe
Erie & West, owns the entire stock of $100,000. There were car trusts, eral classes in case of liquidation will have principal paid in gold, ac
June 30,1894, for $126,107, for which $179,000 1st mort. bonds are cording to their priority right to dividends.
reserved. The N. Y. L. E. & W. is in receivers’ hand but interest on
On June 30, ’94, $2,066,500 of debenture stock and $79,800 preferred
C. & 3s, first and terminal bonds has been paid regularly.
A was in the treasury; debenture stock outstanding on which divid
ends are payable in cash, $5,714,750; on which dividends payable is
B onds.—The first mortgage (trustees Central Trust Co. and Edward
Daniels) bore 4 per cent interest till May 1, 1892, and thereafter deb. scrip, $3,554,250; debenture scrip outstanding, $1,999,814.
5p. ot. This! interest is guaranteed by Erie. See V. 56, p. 695. Both
General F inances.—In April, 1894, debenture stockholders and
the first and the income mortgage cover 249 miles of road, the preferred “ A” stockholders were asked to subscribe in the amount o f
contract with the Chicago & Western Indiana, $1,000,000 of that com 12^3 p. o; of their holdings of these stocks to additional debenture stock
pany’ s stock and $240,000 stock of the Chicago Belt Railway. See full a t8 0 p . c. Stockholders so subscribing to receive their interest and
abstracts of mortgages in V. 51, p. 911 to 913. See also V. 54, p. 203. dividends in cash; those not subscribing 1o receive int. and divs. in
A certain percentage of the gross earnings is each year to be applied, debenture scrip until 121 p. c. of their holdings has b en so received.
a
first, to payment of interest on the first mortgage bonds, second to the
Debenture stock for $1,999,814 was subscribed for at 80 p. e., which
payment of interest on the incomes. If the gross earnings in any year will realize $1,551,397 (of which third and last instalment, $328,133, is
amount to $2,250,000 or less; then this percentage is to be 22^ per due Jan. 1,1895,) to be applied to the floating debt.
cent; if to more than $2,250,000 and less than $2,750,000, then 25 per
F loating D ebt.—On June 30,1894, there were bills payable $437,cent; if to $2,750,000 or more, and less than $3,250,000, then 27*3 per
$140,000; advanced by operating aooouni,
cent; if to $3,250,000 or more, then 29 per cent. In case the percentage 524; accounts payable, the company had $505,599 cash in hands o f
$358,263. Against this
of gross earnings is not sufficient to meet interest on the first mortgage
bonds and the Erie has to make up the deficiency, then the amount of Finance Committee, and there will be due Jan. 1.1895. for debenture
$1,079,750is issu
suoh deficiency, with interest at 5 per cent, is payable to Erie in subse stock, as above, $328,133. Also debenture scrip formature, to holders
able in payment of interest and dividends, as they
quent years prior to the payment of interest on the income bonds.
who did not subscribe as above.
Interest on the incomes has been paid as follow s: For year 1890-91,
On July 15, ’94, company paid one year’s interest on debenture stock
none; for 1891-92, 3 per cent, Oct. 1; for 1892-93, 2 per cent, Oct. 2.
in cash to holders subscribing and in debenture scrip to non-subscribers.
L atest E arnings.—From Jan. 1 to Sept. 30,1894 (9 months), gross
No dividend on preferred A had been paid to July, 1894.
earnings were $1,648 951, against $2,365,098 in 1893.
L atest E arnings.—From Jan. 1 to Oct. 31,1894 (10 months), gross,
A nnual R eport.— Fiscal year ends June 30. Gross earnings for $3,031,818, against $3,739,329 in 1893.
year 1892-93 were $2,916,901; net, $402,540; other income, $69,500;
A
R
interest on bonds, including 2 per oent on incomes $817,946; taxes, wasnnual59,eport.—Fiscal year ends June 30. Report for 1893-94
in V.
p 470, showing:
$82,461; other payments, $11,683; net deficit, $440,050.
Year ending June 30.
1892.
1893.
1894.
Un ier the arrangement with the Erie 271 per cent of the gross
2
Average mileage owned and operid
922
922
922
earnings was applicable for interest on bonds, equal to interest on
first mortgage bonds, and 2 per cent interest on the income bonds, Total gross earnings........................ $5,024,740 $5,083,014 $4,011,71©
Operating expenses and ta xes... 3,764,677
4,063,175 3,002,897
payable October 2,1893. See V. 57, p. 936. For year ending June 30,
1892, gross, $2,886,583. (V. 52, p. 428. 498; Y. 53 p. 795; V. 54, p.
Netinoome................................ $1,260,063 $1,019,839 $1,008,812
203; V. 55, p. 331, 941; V. 57, p. 9 3 6 ; Y. 59, p. 781.)
In year 1893-94 rentals paid $454.963; int.
floating debt, $25,585'
Chicago F ort M adison Sc Des M oin es.—Road completed int. on 5 p. o. priority loan $141,157; int. on on p c. debenture stook
4
from Fort Madison to Ottumwa, la., 71 miles, in December, 1892. issued and issuable in exchange for 1st mortgage bonds, #379,080;
Capital stock June 30, 1892—authorized, $5,000,000; outstanding
June 30,1893, $1,970,200 par, $100; the funded debt was $1,313,000. balance to credit of income account $8,027*
Officers.—A. B. Stickuey, President, St. Paul, Minn. New York
In year 1892-93 gross earnings, $57,497; net, $9,796, against $18,243
Transfer office, 18 Wall Street. (Y. 56, p. 700, 923; V. 57, p. 7 1 8 ; Y.
in 1891 92; charges, $46,638
58, p. 81, 430, 682, 815; V. 59, p. 4 7 0 )
Chicago Sc Grand T r u n k .—Owns from Port Huron, Mich., to
Chicago K a la m a zo o Sc Sasrlnaw.—Under construction from
Elsdon, 326 miles; leases Grand Trunk Junction Railroad, 4 miles, and
trackage Chicago & West. Indiana, 5 miles; total, 335 miles. Stock, Kalamazoo, Mich,, to Saginaw, Mich., 125 miles, of whioh 45 miles,
Kalamazoo t v Woodbury, in operation. In July, 1894. no securities
$6,600,000 in $100 shares. Controlled by the Grand Trunk of Canada,
which gives a traffic guarantee of 30 per cent of gross earnings. Third were outstanding. In 1893 gross, $53,514; net, $18,450.
mortgage for $6,000,000 was authorized in April, 1893, but will not be
Chicago M ilw au k ee Sc St.
l.—("¿fee Map.)—Operates from
issued to the public. On Jan. 1,1894, bills payable were $74,750; int. Chicago westerly to Omaha, Neb., P a u Kansas, City. Mo., with exten
and
due Jan. 1, $223,600; sundry outstanding accounts and wages, $1, sive lines traversing Wisconsin, Minnesota and the Dakotas, includ
632,983, against which the company had cash $187.803; “ sundry ing
assets,” $336,203, and outstanding traffic balance, $355,126.
Road.
Miles.
* Road.
Miles.
E arnings.— (9 months), >1894........Gross, $2,033,785 ; def. $10.168 Lines owned (of which 9
T ra ck a g e......___> ..............•
62
., Jan, 1 to Sept. 30.
51893........Gross, 3,055,563; net, 666,919
miles owned jointly) in
2nd & 3rd tracks.............. I-. . 216
s In 1893 gross, $4,181,733; net. $843,425; deficit under charges,
Controlled, oper. separately.
cluding Milw. < Northern,
&
$59,479. In 1892 gross, $3,764,171; net, $318,833. (V. 56, p. 621.)
&
150
426 miles......................
6,148 Des M. No. < Western........
H istory , «fee.—The Milwaukee & St. Paul RR. Co. was organized May
Chicago Great W e s te r n .—("See Map.;—R oad .—Operates and
5. 1863, and on Feb. 11,1874, took its present name. The system has
owns by deed the Chicago St. Paul < Kansas City Ry., which extends as
&
folio w b : Main lines (all steel) Chicago to St. Paul and St. Joseph, 690 since been greatly extended bv the construction and acquisition of
fc
miles; Hayfield to Manley Junction, 47 miles ; branches—Sumner to other lines. The stook of the Milwaukee < Northern was acquired in
Hampton, 64 miles ; to coal mines, &o., in Iowa, lO ^ miles; other, 4 September, 1890, in exchange for common stook, and in Sept., 1893,
the sale of the M. & N. to the St. Paul was ratified. In August, 1894,
miles ; total owned, 815 miles; and leases—St. Paul to Minneapolis, 10*2
miles; Chicago terminals, 10 miles ; Dubuque to Aiken, 16 miles ; Des a controlling interest in the Des Moines Northern & Western had been
Moines terminals, 2*70 miles ; Leavenworth to Kansas City, 443* miles; acquired. The road will be operated separately. V. 59, p. 228.
total leased, 84 miles. The Chicago Great Western a’so owns, in fee,
Capital Stocks.—The preferred stock has a prior right over the
Bee Creek to Béverly, 23 miles. Total operated, 922 miles.
common stock to a dividend of not over 7 per cent from net earnings in
Organization — Incorporated under laws of Illinois in January, each year, but if not earned it has no cumulative right. After payment
1892, to facilitate reorganization of the Chicago St. P. < Kan. City Ry. if 7 per cent on preferred and 7 on common, both classes share pro rata.
fe
On Sept. 7,1893, the company having become the owner of over Common stock authorized, $47,062,560. Preferred stock on July’l ,
97 per oent of the 1st mortgage bonds and over 99 per cent of the gen 1889, was $21,610,900, and it has been increased to present figures by
eral mortgage bouds, acquired by deed the title of the Chicago St. Paul exchange of convertible bonds for stock. On July 1 ,1894, $25,855,& Kansas City Ry. (815 67 miles), subject to the mortgages, the bouds 500 prior lien bonds outstanding were exchangeable for preferred.
whioh it owns being kept alive. It had prior to that time acquired th • Dividends since 1887. ) Year. 1888. 1889. 1890. 1891, 1892. 1893.
title to the Ceav. < St. Joseph Ry. (23 miles), which is unincumbered.
&
On common.
>P. ct. 2*2
©
0
0
2
4*
Securities.—See full particulars in V. 55, p. 856. The priority loan On preferred.
>Year. 1888. 1889. 1890. 1891. 1892. 1893..
and equip, lease warrants were assumed by the Chicago Great Western.
since 1887.
) P. ct. 6
7
7
7
7 *
The holders of debenture and.preferred A stook appoint “ the finance
In ’ 94 oncomj Apr., 2 p.c.; Oct.2 p.c; on p ref A p r . , p.c.; Oct.S^.p.®
JΩV£MBER,
1894.]
R A IL R O A D
STOCKS
AND
BO N DS
INTESTOKS’
14
SUPPLEMENT,
[Vol. LIX.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
HE'or explanation of column headings, &c , see notes of
of
Par
Rate
When |
Where Payable and by Stocks—
Last
on first page of tables.
Road. Bonds. Value. Outstanding Per cent. Payable
Whom.
Dividend.
€Hiicago Milwaukee & St. Paul—( Concluded) —
.Ohio. & Mil. 1st mort. (conv. into pref. stock). .e*
'Ohio. Mil. & St. P. prior lien consols, convert___
Ch. Mil. & 8t. P. consol. M., conv. intopf. stock.o*
I. & D. Ext. 1st M., convert, into pref. stock.o*
'S. W. Div. 1st mortgage Western Union KS..e*
¡So. Minnesota Div. 1st mortgage..................... e*
.'Mineral Point Division 1st mortgage............. o*
.Hast. & Dak. Div., extension, 1st mortgage..c*
do
do
do
o*
’Lacrosse & Dav. Div. 1st mortgage................ o*
Wise.Val.RR.Co. lstM.,Tomah to Wausau, Wis.c
Wis. Yal. D iv.lst M. of 1880, s. f., not dr’n.o*
D u t. Div.(Ch.Vt» D.&M.) IstM ., s. f.,not drin.e*
nLl« & Pac. T Cl. 1 r - T f (Chic, to Kittredge)..e*
Î t .4 V
Chic. £.
Div. 1st M.
Western Div. 1st mort., (see text) g old .......e*
Ohio. & Lake Superior Div. 1st mort., gold.. .o’
Wis. & Minn. Div. 1st mortgage, gold................
IFargo & Southern 1st mort., gold, assumed..........
«Ch. Mil. & St. P. Terminal mortgage, gold........ c*
Dakota & Great Southern 1st mortgage, gold......
¿Chicago & Missouri River Div. 1st mortgage.. .c*
Inc. M.,convert., s.f. $80,000 yearly (dr. at 105) e*
Gen. mort. (for $150,000,000), gold Series A.o*<fcr
iMilw. & North’n 1st mort., Schwarz.to Gr. Bay..o*
Con. M. ($17,000 p.m .),lst M. north of Gr.Bay.o*
Chic. North. Poe.—Receivers’ certificates..............
Ch.&Gt. West.lst M. gold.............................. „ ..o '
City of Chicago purchase money M .......................
.First mort, for $30,000,000, gold................. c*<fcr
83
1,435
1,435
335
212
419
133
395
395
185
107
161
351
120
1,117
68
230
119
159
77
525
All.
126
362
1873 $1,000
1874
1,000
1875
1,000
1878
1,000
1879
1,000
1880
1,000
1880
1,000
1880
1,000
1880
1,000
1879
1,000
1879
500
1880
1,000
1880
1,000
1880
1,000
1881
1,000
1881
1,000
1881
1,000
1883
1.000
1884
1,000
1886
1,000
1886
1,000
1886
1,000
1889
1,000
1880
1,000
1884
1,000
10
1886
1,000
65*3
1890
1,000
....
B onds.—Abstracts of some of the principal mortgages were pubfiished in the Chronicle, V. 45, pp. 85,114,144,212, and Y. 48, p. 830.
The following bonds are convertible into preferred stock at any time
within ten days after a dividend shall have been declared and become
payable on the preferred : Iowa & Minnesota 7s, due 1897, Prairie du
Chien 2ds, Iowa & Dakota 7s, IoWa & Dakota Extension 7s, River
Division 7s, Chicago & Milwaukee 7s of 1903, Hasting & Dakota 7s of
1903 and Ch. Mil. & St. P. consols of 1875. The consols of 1874 also
are convertible into preferred within 15 days after dividend day. The
convertible bonds were fully described in Supplement for Mar. ’93, p. 2.
Chicago < Pacific Western Division 1st 5s were issued at $20,000
ê
per mile for road, with additional amounts for equipment and
bridges ; no further bonds can be issued. The mortgage covers the
following miles of road: Parley, la., to Kansas City, Mo., 341 miles;
Marion, la., to Council Bluffs, la., 262 miles; Astor, la., to Aberdeen,
North Dak., 352 miles; branches 162 miles; total, 1,117 miles.
Terminal five per cent bonds of 1884 cover terminal property
o f several hundred acres in Chicago and Milwaukee. On the
“ income” bonds of 1886 payment of interest is now obligatory.
They are convertible into common stock within 60 days after any
.dividend day, and have a sinking fund of 4 per cent, $80,000 of them
¡being drawn for payment yearly at 105.
The general mortgage of 1889 is for $150,000,000, to the United
Gtates Trust Co., of New York, as trustee, and covers the entire rail
w ay property and franchises of the company (therein described) subject
to prior liens as below mentioned. It is agreed that the prior lien
bonds cannot be extended, but will be paid off at maturity. See V. 59.
p . 724.
On June 30,1894, the following amounts of general mortgage bonds
bad been issued or were reserved for the purpose indicated, viz
Listed on New York Stock E xch a n g e...,........................
$17,806,000
«Unlisted and in treasury of the company........................
2,682,800
Total given as outstanding...........................................
Reserved for prior liens.............................. .......................
Available for Improvements, etc. (see also below)..........
$20,488,800
111,065,200
18,446,000
Total authorized............................................................ $150,000,000
'10#® $20,488,800 outstanding include $6,000,000 issued to pay for
it78 miles of sundry small branches on which the general mortgage is
=a first lien, and to retire the $2,500,000 first mortgage bonds of
«Chicago Evanston & Lake Superior Railway, a Chicago suburban
jro&di also $2,918,000 issued to replace prior lien bonds paid and can
celled,
The$18,446,000ofbondsabovementionedareapplicableforpremiums
-paid in retiring or refunding convertible and other prior lien bonds
)bearing a higher rate of interest than 4 p. c., for cost of branches, sec•onl and side tracks, real estate, bridges, rolling stock, equipment, etc.
O n July 1,1894. of the prior lien bonds outstanding, $25,855,500 (ma
turing 1897-1908) were convertible into preferred stock; if from time
t o time so converted they will set free a like amount of general 4s
which will become available for improvements, additions, etc. V. 48.
jp„ 830; V. 50, p. 205.
«General Finances, &c.—A considerable amount of the stock is held
‘by parties also interested in the Chicago & Northwestern, so that the
»two roads are operated as a rule in harmony. Dividends on common
»stock were resumed in October, 1892. See “ dividends ” above.
In Dec., 1893, $3,000,000 gen. mtge. 4s were listed in N. Y., having
t)een sold for equipment, improvements and additions (V. 57, p.
1038), and in June, 1894, $3,000,000 more. N. Y. Stock Ex. in Nov.,
3.894, ¡reports $17,806,000 listed. Milwaukee & Northern earnings
/since July 1,1893, have been included in those of the St. Paul.
Floating D ebt .—According to the annual report, the floating debt
Jlune 'SO, 1894, consisted of loans and bills payable, $1,000,000, against
w hich were held $3,990,800 of negotiable bonds. The floating debt
<was mostly incurred to redeem La Crosse Div. and other underlying
'bonds? also for building 64 miles of Milwaukee & Northern extension,
¿ o r which $1,089,000 Mil. & No. consols are in St. Paul treasury.
E arnings.—3 months, > 1894, gross, $7,081,679; net, $2,208,702.
„July 1 to Sept. 30. J1893, gross, $8,024,747; net, $2,543,364.
A nnual R eport.—Fiscal year ends June 30. Annual meeting is
¡»held in September. Report for 1893-94 was given in full in V. 59, p.
420, 427. See also editorial, p. 394. These figures, except for 1893-94,
■ not include the Milwaukee & Northern. For the comparison includ
do
i n g the M. & N. for all the years see further below.
1891-92.
1892-93.
1893-94.
:MUes operated June 30..
5,721
5,724
6,148
Passenger earnings..........
$6,639,137
$7,138,561
$7,311,687
SVeightearnings............... 23,241,421
24,393,849
21,550,822
M ail, express, &c.,earns..
2,402,951
2,442,645
2,465,442
Total earnings........... $32,283,508
Expenses—
Maintenance of w ay........
$4,235,514
Maint. cars and engines..
3,884,373
Transportation..................
11,515,811
T a x e s .................................
933,148
^Miscellaneous...................
246,158
Total expenses...........
$20,815,004
$33,975,055
$31,327,951
$5,004,161
3,661,243
12,507,270
1,058,320
257,114
$4,469,838
2,698,459
11,503,142
1,199,077
243,816
$22,488,108
$20,114,332
$2,393,000
186,000
11,299,000
3,505,000
4,000,000
7,432,000
2,840,000
5,680,000
990,000
2,500,000
1,106,500
2,316,000
6,565,000
3,000,000
25,340,000
1,360,000
4,755,000
1,250,000
4,748,000
2,856,000
3,083,000
1,600,000
See text.
2,155,000
5,092,000
200,000
394.000
650,000
See text.
7
7
7
7
6
6
5
7
5
5
7
6
6
6
5 g.
5 g.
5 g.
6 g.
5 g.
5 g.
5
5
4 g6
6
6
5 g.
5
5 g.
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J.
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J. N.Y. Office, 42 Wall St.
J.
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& D. N.Y.. Ch. MU. & St. Paul
& D.
do
do
Jan.
Jan.
July
July
July
Jan.
July
Jan.
Jan.
July
Jan.
July
July
Jan.
Jan.
July
July
Jan.
July
Jan.
July
Jan.
May
June
June
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1903
1904
1905
1908
1909
1910
1910
1910
1910
1919
1909
1920
1920
1910
1921
1921
1921
1924
1914
1916
1926
1916
1989
1910
1913
J. & D.
Chicago.
June 1, 1936
May 1, 1938
A. & O. Apr. ,’93, òoup.last paid. A p r ili, 1940
1891*92.
Net earnings..................... $11,468,504
P erct.ofop.exp.toeam s.
(64*48)
Other income.....................
237,354
1892-93.
$11,486,947
(66*19)
122,140
1893-94.
$11,213,619
(64*21)
100,684
Total net income........ $11,705,858
$11,609,087
Interest on debt................
7,161,736
7,065,216
Dividends on pref. stock..
(7)1,572,612 (7)1,751,357
Dividends on com. stock.
. . . . (4) 1,838,306
Miscellaneous...................
112,414
21,470
$11,314,303
7,503,748
(7)1,809,213
1,838,307
95,822
Surplus.......... .............
$2,859,096
$932,738
$67,213
Following are the results compared for three years, the operations of
Milwaukee & Northern being included in each .year:
Tear ending June 30—
1892.
1893.
1894.
6,077
6,109
6,148
Average m iles.........................
Gross earnings......................$34,048,875 $35,743,429
$31,327,951
Expenses............................. 21,937,467
23,712,943
20,114,333
Net earnings..................$12,111,408
$12,030,486
$11,213,618
CONDENSED GENERAL BALANCE SHEET JUNE 3 0 .
Assets—
1892.
Road and equipment, etc. $207,838,998
Cash....................................
4,043,530
Total assets...................$211,882,528
Stock, common...................... $46,027,261
Stock, preferred...................
24,364,900
Funded debt..................... 129,195,000
Pay-rolls, vouchers, & o...
2,722,549
Interest accrued, not due.
3,486,339
Loans and bills payable...
............
Miscellaneous....................
217,269
Income account................
5,869,209
1893.
$215,937,204
2,662,814
1894.
$220,198,172
3,676,586
$218,600,018 $223,874,758
$46,027,261
25,767,900
130,805,500
2,665,149
3,447,223
3,240,000
159,086
6,487,899
$46,027,261
25,973,900
138,801,000
1,669,179
3,581,983
1,000,000
300,395
6,521,040
Total liabilities............$211,882,528 $218,600,018 $223,874,758
—(V. 56, p. 42, 331, V. 57, p. 22, 422, 4 4 3 , 4 6 6 , 4T 0, 1038, 1040,
V. 58, p. 1035; V. 59, p. 152, 228, 3 9 4 , 4 3 0 , 4 3 7 , 724.)
C h ic a g o & N o r th e r n P a c ific .—(See Map)—Organization ,
Property Ow n ed , E tc.—Organized in 1889 in interest of Northern
Pacific to acquire terminal property at Chicago. Its owns 332
acres (46 acres in the heart o f the city), with 65*3 miles of track in
operation; a freight house with a capacity of 80,000 square feet; a new
passenger station, street ana dock frontage on the Chicago River,
round houses, a surburban line running from 40th Street in Chicago,
a distance of 9 miles, and a line southerly from Chicago to Chicago &
Calumet Term, at Blue Island. (V. 55, p. 58; also p. 682; V. 56, p. 363.)
Lease , R ental, E tc.—In May, 1890, this property was leased
through the medium of the Wisconsin Central to the Northern Pacific at
a minimum rental sufficient to pay all fixed charges. See abstract of
lease in V. 52, p. 468. In September, 1893, the lease of the Wisconsin
Central to the Northern Pacific was abrogated. October interest on
Chicago & Northern Pacific 1st 5s was not paid, and on October 11,1893,
Henry E. Howland, Walter Van Norden and Richard P. Morgan were
appointed receivers. V. 57, p. 638. The Wisconsin Central claims it
was merely the intermediary through which the lease was made.
In Nov., 1894, the Wisconsin Central was still operating the prop
erty under a temporary arrangement with the Ch. & N. P. receivers.
The Chicago Great Western (formerly Chicago St. Paul & Kansas City)
and the Baltimore & Ohio are tenants of the Ch. & N. P. and pay
rentals, the former of $150,000 and the latter of about $175,000 per
annum. The Wisoon. Cent, in May, 1894, was paying $150,000 yearly.
R eorganization ;—Bondholders’ Committee consists of J. Edward
Simmons, Chairman, Henry Budge, R. C. Martin, Simon Sterne, William
Mertens, W. Allen Butler, Jr. and Alfred S. Heidelbach. In Nov.,
1894, the U. 8. Trust Co.’s receipts for $25,523,000 1st mort. 5s depos
ited under this committee’s agreement of Deo. 5,1893, had been listed
on N. Y. Stock Exchange. V. 58, p. 306.
B onds.—The Farmers’ Loan & Trust Co. is trustee of the first mort*
eage of 1890, on which default occurred Oet. 1,1899. Of the $30,000,*
000 authorized in Oet., 1894, $101,000 were in co.’s treasury, $1,044,"
000 were held in trust against like amount of prior bonds, leaving $28,855,000 outstanding. V. 59, p. 651. See mortgage abstract V. 52, p .
465. The interest due June 1,1894, on Chic. & Great West, bonds was
paid.
Stock .—Stock outstanding, $30,000,000 (par, $100), of which over
$15,000,000, owned by Nor. Pac., was to be pledged along with $3,000,000 of the bonds under N. P. trust of 1893. The N. P. claims a consiuerable sum due for advances, against wh,ch there are counter claims.
In April, 1894, one year 6 p. c. receivers’ certificates for $200,000 were
issued.
E arnings.—Recent earnings are stated to have been about $40,000
a month.
—(V 56, p. 363. 463, 886; V. 57, p. 547, 548, 638, 763, 853, 938,1038,
1082,1122; V. 58, p. 81,126,178, 263, 306, 594, 682, 733, 866, 902;
Y. 59, p. 650, 737.)
N ovember , 1894]
RAILROAD
STOCKS
AND
RONDS,
4 5
Subscribers w ill eonfer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable , and by pal,^When Due.
Par
of
Stocks—Last
For explanation of column headings, &c., see notes of
Whom.
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
on first page of tables.
Chicago & North-Western—Common stock................ 4,273
Preferred stock (7 p. c. yearly, not cumulative).. 4,273
Peninsular RR. 1st M. convertible (assumed)........ 109
Ch. & N. W. con. s. f. M. ($12,900,000), not dr’n.c* 788
Chic. & Mil. 1st M. Chicago to Mil. (assumed)..
85
Cedar Rapids & Missouri Riv.—Bonds assumed.
1st mort. 3d Div., Des. M. River to Mo. River 149
Mort. of 1884, Ced. R. to Des M. River............ 124
71
Iowa Midl’d 1st M., Lyons to Anamosa (assumed)
Madison extens.lstM., g. (s.f. $23,000, not dr’n) 129
Menominee ext.lstM ., g. (s.f. $20,000,not dr’ni 114
62
Northwest. Union lstM.,g.,Mil.to Fond-du-Lac.
Chic. & N.W. gen. consol. M., g., s.f., not dr’n c.*&r 1,670
Menominee River 1st M., two series (assumed)...
31
MIL & Mad. 1st M., Mil. to Madison (assumed) .c*
82
Chicago & Tomah 1st mort., guar, (assumed) . . . }
152
Chicago Milwaukee & N. W. construe, do
... $
43
Escanaba & Lake Superior RR. IstM., (assumed).
57
Des Moines & Minn. 1st M.,Des M.to Jewell Jc.,&c.
64
OttumwaC.F.&St. P. IstM .($25,000p.m.), gii..c*
75
Northern Hlinois 1st M. ($20,000 p. mile), guar.. c*
C.&N.W.s.f.b’ds of ’79($15,000p.m.)red.atl05.c&r 1,041
Iowa Div. IstM. for $1,411,000 ($20,000 p.m.)c*
71
Sinking fund debentures of 1933 (not dr’n).o*&r
25-vear debentures of 1909 ($6,000,000)...c*&r
30-year debentures for $10,000,000........... c*&r .
Extension 4s. $20,000,000 ($20,000 p. m .)..c*r .
Minnesota Valley Ry. 1st mortgage.....................
Plainview RR. 1st mortgage.................................. .
Winona & St. Peter 2d mortgage (now 1st) guar.. 139
1st mort. extens., gold.land grant,s.f.,guar...c* 184
60
Maple River 1st M., Br. to Mapleton, (assumed)
Roch. A-No. Mitin. 1stM..gu. (assumed by.WASt.P.)
24
___
1863
1865
1863
$100 $39,054.907 6 per an.
100 22,335,170 7 per an.
1,000
126,000
7
1,000 12,774,000
7
1,000
1,700,000
7
500 &c.
2,332,000
.
769,000
1,000
1,350,000
500 &c.
2,977,500
500 &c.
2,546,500
500 &c.
3,365,000
500&C. 12,336,000
__
560,000
1,000
1,600,000
1,528,000
....
601,000
1,000
720,000
1,000
600,000
1,000
1,600,000
1,000
1,500,000
l.OOO&c 13,779,000
1,000
1,411,000
l , 000&c 9,800,000
l.OOO&c 3,869,000
l , 000&c 9,8'9,000
l , 000&c 18,632,000
150,000
....
100,000
1870-1 1,000
1,592,000
1871 100 &c.
4,038,500
___
.1877
402,500
1878
....
200,000
1866
1884
1870
1871
1871
1872
1872
’76-’ 80
1880
( 1880
( 1882
1881
1882
1884
1885
1879
1891
1883
1884
1891
1886
___
C h ic a g o & N o r t h -W e s te r n .—( See Map.)—'Operates an important
system of roads uniting Chicago, ill., with Omaha, Neb., 8t. Paul,
Minn., with the great wheat belts of Dakota, Nebraska, etc., and with
the mining regions of Michigan and the Black Hills, including—
Miles.
Road owned—
Miles. Controlled by stock,
operated separately—
Lines owned in fe e ........... .3,085
FremontElk Horn & Mo. Val. 1,301
Entire stock owned—
Winona & St .Peter............... 449 Sioux City & Pacific............. 107
Dakota Central...............
724 Chicago St. Paul Minn. & 0.1T1,481
Princeton & Western.............
10
Total of aU........................... 7,820
Milwaukee Lake Shore & W... 757
Total im-L in earns..............5,031
ITWhich see.
2d track, 386 m.
H istory , &c.—The Chicago & North Western Railway was organized
in 1859, and has since absorbed many other roads.
In December, 1882, a controlling interest was acquired in the stock of
the Chicago St. Paul Minneapolis & Omaha Co., which see.
In July, 1884, the capital stocks (except a few shares) of the Fre
mont Elkhom & Mo. Valley and the Sioux City & Pacific were acquired
on the terms stated in the Supplement of June, 1885, and prior issues.
Their securities, except those held by Chic. & N. W., are in table above.
In December, 1891, the Milwaukee Lake Shore & Western RR. was
bought by an exchange of stock, and on Sept. 1,1893, it was formally
merged into the Cu. & N. W., all its liabilities and duties being as
sumed. See V. 57, p. 375; V, 56, p. 792.
Capital Stock .—Of the common stock $2,332,958, and preferred
$3,284 remained in the oo’s treasury in June, 1894. Pref. stock has a
a prior right to 7 p. c.; then common 7 p. c.; then preferred 3 per cent;
then common 3 per cent; then both classes share. Dividends are
usually paid as in table, but sometimes a few days later.
D ividends since 1881. > Year.
1882-84.
1885.
1886-93On common,
5 Per ct.
7 yearly.
6*2
6 yearly.
On preferred— ) Year.
1882. 1883. 1884.. 1885. 1886-93.
since 1881. >Per ct. 7%
8
8
712
7 yearly
In 1894—Common, July, 3 per cent. Preferred, March, 1% per cent;
June, 1% per cent; September, 1% per cent.
B onds.—The general consol, mortgage of 1872 is a mortgage on all
the property o f the company at the date of the mortgage; the issue
can be increased only to retire a like amount of prior bonds.
The sinking fun d bonds of 1879 are secured by deposit in trust
o f $15,000,000 of 1st mortgage bonds at $15,000 per mile on sub
sidiary lines, the most important being described in Supplement of
May, 1894. Of the sinking fund bonds of 1879 $6,305,000 are 6s ;
the sinking fund is at least 1 per cent of outstanding bonds, which
are subject to call at 105; and through its operation the amount
outstanding has been reduced from $15,000,000 to the present figure.
The Iowa Division bonds of 1891 cover road from Wall Lake to
Kingsley, Iowa, 71 miles. See V. 55, p. 217.
The sinking fund debentures of 1933 have a sinking fund of $200,000
per year, if they can be redeemed at 105.
Debentures of 1884 and 1891 wiil be secured by any future mortgage
excepting any mortgage “ for the enlargement, improvement or exten
sion of the company’s property.”
The Chicago & Northwestern extension bonds o f 1886 are secured by
deposit in trust of first mortgage bonds at a rate not exceeding $20,000
per mile. Included in the collateral Feb. 1,1893, were $10,675,000
Fremont Elk Horn & Mo. Valley lsts and $2,560,000 Wyoming Cen
tral lsts [the Wy. Cent, having been consolidated with F. E. & M. ’ .],
etc. See F. E. & M. V. bonds below. Union Trust Co. of N. Y., trustee.
The Fremont Elkhom & Missouri Valley consols have a first lien on
a ,170 miles (Fremont, Neb., to Deadwood, D. T., 557 miles, and
branches to Hastings, Albion, &c., 613 miles), but besides the amount
o f issue given as outstanding in the table $10,675,000 are held as part
collateral for Chicago & Northwestern extension bonds of 1886. The
Northwestern assumed $3,600,000 of the Fremont Elkhorn & Missouri
Valley bonds and guarantees the rest. See guaranty V. 56, p. 650.
The Milwaukee Lake Shore <t Western debentures are convertible into
stock at par at any time within ten days after the date fixed for payment
of dividends on common stock. The equipment bonds of 1885 are sub
ject to call $100,000 per year at 105, and the Ontonagon 1st mortgage
$25,000 per year at par, and all redeemable at 105. The extension and
improvement mortgage sinking fund commences in 1893, and will re
ceive not less than $25,000 yearly ; these bonds are not subject to call.
Payment of interest on the $1,120,000 St. P. Eastern Grand Trunk
6s which was guaranteed by Mil. L. S. & W. has been assumed by Chic.
& N. W., but no liability is incurred for the payment of the principal.
In addition to the company's bonds, as shown in the table above,
there were May 31,1894, $2,312,500 alive in the sinking fund.
Land Grant.—The report for 1893-94 showed that the total consider
ation for the lands and lots sold in that year amounted to $175,065.
Total cash receipts were $342,286. The statement of amounts secured
to be paid to the company by outstanding contracts of sale in force at
the end of the fiscal year showed a total of $1,385,018. The lands
unsold and uncontracted for May 31,1894, were 748,565 acres.
7
7
8
7 g.
7 g.
7 g7 g.
7
6
6
6
6
7
5
5
5 &6
4^
5
5
5
4
7
7
7
7 g7
7
J.&D. S
ON.Y.,Co.’s Office,52 Wall
Q.-M.30
do
do
M. & 8.
do
do
do
do
Q .-F .
do
do
J. & J.
M. & N.
J. & D.
A. & 0.
A. & 0.
J. & D.
M. & 8 .
J. & D.
J. & J.
M. & S.
M. & N.
M. & N.
J. & J.
F. & A.
M. & S.
M. & S.
A. & O.
A. & O.
M. & N.
M. & N.
A 15& 0
F 15&A.
A. & O.
M. & S.
M. & N.
J. & D.
J. & J.
M. & 8.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
July 5, 1894
Sept. 24,1894
Sept. 1, 1898
Feb. 1, 1915
July 1, 1898
May 1, 1910
June 1, 1909
Oct. 1, 1900
Apr. 1, 1911
June 1, 1911
June 1, 1917
Dec. 1, 1902
July 1, 1906
Sept. 1, 1905
Nov. 1, 1905
Nov. 1, 1905
July 1, 1901
Feb. 1, 1907
Mch. 1, 1909
Mch. 1, 1910
Oct. 1, 1929
Apr. 1, 1902
May 1, 1939
Nov. 1, 1909
Apr. 15,1921
Aug. 15,1926
Oct. 1, 1908
Sept. 1, 1908«
Nov. 1, 1907
Dec. 1, 1910
July 1, 1897
Sept. 1, 1908
General F inances.—T o Nov., 1894, Extension 4s for $18,632,000
had been listed on N. Y. Stock Exchange.
L atest E arnings.—From Jan. 1 to Sept. 30,1894, 9 months, gross,
$21,668,605, against $24,670,139 in 1893.
A nnual R eport.—Fiscal year ends May 31. The annual meeting is
held the first Thursday in June. The report for 1893-94 was in V. 59,
p. 229. See also editorial, p. 254.
The surplus of the year 1893-94 over dividends was as follow s:
From the Chicago & Northwestern Railway, $400,950; from the
Fremont E. & Missouri Valley, $65,545; from the land department,
$245,827; total, $712,322, available for improvements, &c.
The following statistics are for the Chicago & Northwestern proper;
the statistics of the Fremom Elkhom & Mo. Valley are given below,
and in the Chronicle , V, 59, p. 290.
Year ending May 31.
1891.
1892.
1893.
1894.
Average miles oper.. 4,254
4,273
4,273
4,841
Passenger earnings.. $6,700,351 $7,298,880 $7,956,440 $9,226,467
Freight....................... 19,829,341 22,788,423 23,377,715 21,284,929
Mail, express, & c .... 1,263,982 1,334,969
1,375,592
1,474,786
Total earnings...$27,793,674 $31,422,272 $32,709,747 $31,986,187
Maintenance of way. $3,353,694 $3,920,697 $4,471,160)
cars, &c. 2,855,480 3,164,548
3,386,053^19,867,628
Transport’n&miscel. 11,227,355 12,323,031 13,433,750)
854,476
928,162
1,002,190
1,040,302
Taxes..........................
Total expenses..$18,291,006 $20,336,438 $22,293,153 $20,907,930
Net earnings.............$9,502,668 $11,085,834 $10,416,594 $11,078,252
P.c.exp. to earnings. (65*81)
(64*72)
(68T5)
(65«37)
259,585
317,736
767,635
431,673
Investments, etc.......
Total receipts... .$9,762,253 $11,403,570 $11,184,229 $11,509,925
Interest on debt........... $5,880,390 $6,072,960 $6,204,319 $6,875,232
Dividends.................. 3,445,804
3,675,735
3,906,562 3,906,594
Sinking fund................
201,301
410,425
200,200
327,150
Milwaukee Fire acct....................
............
222,870
............
Total disbursm’ts. $9,527,495 $10,159,120 $10,533,951 $11,108,976
$650,278
$400,949
Balance, surplus........ $234,758 $1,244,450
FREMONT ELKHORN & MISSOURI VALLEY.
Yr.end. May 31.
1891.
1892.
1893.
1894.
Grosseamings............ $3,310,239 $3,481,236 $3,653,678 $3,334,756
Net earnings.............. 1,051,612
1,104,349
1,151,236 1,093,852
Total charges............
990,411
1,031,477
1,030,669 1,028,308
Balance, surplus.......
$61,201
$72,872
$120,567
$65,544
Balance Sheet .—Balance sheets of Ch. & No. W. May 31 as below :
Assets—
1892.
1893.
1894.
Road and equipment.............. $161,107,982 $165,935,481 $180,209,711
Bonds owned........................... *14,892,419 *15,000,087 *23,921,022
Stocks owned........... 1.............. 22,051,957
22,053,474 14,317,742
Land grant investments........
1,146,760
420,925
457,982
Bills and accounts receivable.
1,994,771
1,980,464
1,700,008
Materials, fuel, &c......................
2,143,382
1,886,959
1,777,254
Cash on hand...............................
2,422,769 2,793,753
2,309,607
Trustees of sinking fund........
6,129,761
6,486,181
6,817,106
Total assets.......................$211,889,801 $216,557,324 $231,510,432
Liabilities—
Stock, common and preferred. $163,723,320 ($63,724,321 $63,726,321
519,510
519,510
519,510
St’cks of propriet’ry roads, &c.
Bonded debt........................... 114,235,500 117,100,500 .30,113,500
8,550,000
Purchase acct. M. L. S. & W...
1,562,434
1,562,434
Dividends declared, not due.. 'Í ’,56Í',997
5,405,696
6,129,761 ? 6,817,106
Sinking funds p a id ..................
724,065
356,420 5
Accretions to sinking fun d...
2,334,267
10,009,823
Securities for cap. stock iss’d. 10,009,823
335,000
640,000
890,000
Securities retired from income
2,470,10'.
1,802,232
2,390,486
Current bills, pay-rolls, &o—
164,8/6
123,356
175,748
Uncollected coupons, «fee........
1,141,802
1,186,/35
1,440,077
Due to roads in Iowa..........
128,520
174,569
131,325
Consolidation Coal Co.............
1,846,387
1,6' 2,589
1,674,428
Accrued and accruing inter’st.
167,525
100,580
284,429
Miscellaneous...........................
2,956,300
3,403,267
3,624,345
Land income account.............
7,365,462
7,766,411
6,715,183
Railroad income account.......
Total liabilities................ $211,889,801 $216,557,324 $231,510,432
* Includes $13,235,000 bonds pledged as collateral.
1 Including $2,345,164 common and $2,284 pref’d in co.’s treasury,
t Including $2,331,958 common and $2,285 pref. in co.’s treasu.y.
ITIncluding $2,332,958 common and $3,285 pref. in Co.’s treasury.
—(V. 54, p. 225, 525. 903, 923; V. 55, p. 1 9 9 , 2 1 3 , « 1 1036; V. 56,
p. 226, 792, 923,1015; V. 57, 27 5, 2 9 7 , 3 0 2 , 375; V. 58, p. 452, 987;
V. 59, p. 2 2 8 , 2 2 9 , 2 5 4 , 2 90.)
16
LNTESTOKS’
SU PPLEM E N T.
[Vol. l i x .
N ovember , 1894.]
RAILROAD
STOCKS
AND RONDS,
47
Snbscrtbers w i ll confer a great favor by g iv in g im m ediate notice o f any error discovered in these T a b le«
RAILROADS.
Bonds—Prm©i INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount Rate per
For explanation oi column headings, &o., see notes of
of
Par
When
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and by Stocks—Last
Whom.
Dividend.
Chic, A North-W.—( Con.)—Dakota Cent. IstM., gu.
71 1882
$1,007,000
6
M. & S. N. Y., Office, 52 Wall St. Sept. 1, 1907
Dak.Cent. 1st M. on So’east Div. (to Hawarden) gu. 125 1882
2,000,000
6
M. & N.
do
do
Nov. 1, 1907
Frem. Elk. & M. V. consol M. $20,000 p. m. see text. 1,170 1883 $1,000
7,725,000
6
A. & O.
do
do
Oet. 1, 1933
Sioux City & Pac. pref. stock (1st mort, on 6 m.).
6
100
169,000 7 per an. A. & O.
do
do
Oct. 1, 1894
1st M. Sioux City to Fremont (assumed.)........ 101 1868 500 &c.
1,628,000
6
J. & J.
do
do
Jan. 1, 1898
2d M. Govemru’t lien (accrued int. $2,271,476). 101 1868 500 &c.
1,628,320
6
J. & J. U.S. Treas., at maturity. M ar.’98 &’ 99
Car trusts ..................................................... . . . . .
6
N. Y. Office, 52 Wall St. Mar. 1, 1896
Mllw. L. Sh. & W., Consol. M. (now is’t) gold e* 416 1881
1,000
5,000,000
M. & N.
do
do
May L 1921
Michigan Div. 1st mort, (for $3,000,000), g..c*
85 1884
1,000
1,281,000 . % g- J. & J.
do
6 s<
do
July 1, 1924
Ashland Division 1st mortgage, gold..
c*
40 1885
1,000
1,000,000
6 g. M. & S.
do
do
Moh. 1, 1925
1st Ms. Hurley&Onton. br’ches,g.,(dr’nat 100).c
16 1886
1,000
47,000
do
do
6 g- A. & O.
Apr. 1, 1896
Conv. debentures, secured by mort of ’ 89, g e* 697 1887
1,000
436,000
P. & A.
do
do
Feb. 1* 1907
Ext. & Imp. M. for $5,000,000, g., s.f. not dr’n.o* 697 1889
£ g- F. & A.
1,000
4,148,000
do
do
Feb. 1, 1929
Income bonds (not cumulative)...............
r . . . . 1881
1 g- M. & N.
1,000
500,000
6
do
do
May 1, 1911
Equip, bonds 1885 ($100,000 drawn yearly)'.'.'o . . . . 1885
1,000
107,000
6
J. & J.
do
do
Jan. 1, 1895
Marsh.Ex.IstM.for$600,000($15,000p.m . .o’
40 1892
1,000
400,000
5
A. & O.
do
do
Oct. 1, 1822
St. P. E. GridT. lst,M. g.,int.gu.by M. L. S.&W.c’
56 1883
1,000
1,120,000
do
6 g- J. & J.
do
Jan. 1, 1913
Chicago Peoria < St. Louis—Receivers’ certificates: . . . . 1894
k
300,000
6
o’ 120 1888
1st mortgage, gold..... ...........................
i.òb'ó
1,500,000
5 g. M. & S. Meh.,’ 93 coup, last pd. Mar. 1, 1028
1st consol.M.g. ($15,000 p. m) ($300,000 are 6s’).c’ 170 1889
1,000
1,041,000 5 & 6 g. M. & N. May, ’ 93 coup, last nd. May li 1939
Consol, mort, for $20,000 per mile, gold..
c . . . . 1891
1,000
1,276,000
5 g- J. & D. June, 93, coup last pd.
1, 1941
Chicago Bock Islan d s Pac.—Stock (for $50,000,006)
....
100 46,156,000 See text. Q.—F. New York and Chicago. June 1, 1894
Nov.
1st mort., Chic., 111., to CouncilBlufis&branches.c* 736 1877 l.OOO&e 12,100,000
6
J. & J.
N. Y. , Broad St.
July 1. 1917
Chic. & Southw. 1st M. (g’d in cur. by C.R.I.&P.). 268 1869 100 &e.
5,000,000
7
M. & N.
do
do
Nov. 1, 1889
1st M. ext. and col. ($20,000 p. m.) red. aft. ’94.c«fer 2,153 1884 l.OOO&e 40,457,000
5
J. < J.
fc
do
do
July 1, 1984
Debenture bonds (redeemable at 105)..........o*&r. . . . .
1891 l.OOO&e 4,500,000
5
M. & S.
do
do
Sept. 1, 1921
Chic. <é St. L. Electric—1st M. for $7,000,000, gold. 248 1893
1,000 Nil. Feb. ’93.
6 g. J. & J.
Deo. 81,1912
Chicago St, Paul < Kansas Oity—S e e Ch ic a g o G REAT W e s t e RN.
&
Chicago St. Paul Minneapolis té Omaha—Com. stock. . . . .
....
100 18,559,360
Preferred stock, non-cumulative (see text).......... . . . .
100 11,259,913 See text. F. & A. N. Y., Office, 52 Wall St. Aug. 20,1894
St. Paul Stillwater & Taylors’ Falls 1st mort
.c
21 1878 500 &c.
334,800
7
J. A J.
do
do
Jan. 1, 1908
Hud. & River Falls 1st M.,Hudson to River Falls.c
12 1878
1,000
125,000
8
J. & J.
do
do
July 1, 1908
Ch.8t. P.&Minn. IstM.,g.,Elroy to L. St.C. ass’d.c* 177 1878 50Ó <
fec. 3,000.000
6 g. M. & N.
do
do
May 1, 1018
Ch|c a g o P e o r ia & St. L o u is .—Owns from Pekin, 111., to JacksonTear ending March 31—
1892.
1893.
1894.
vine, m ., and Havana to Springfield, 120 miles, and Litchfield to East
3,456
3,610
3,571
St. Louis. 50 miles; uses Merchants’ Bridge into St. Lotus, 2 miles.; traek. $5,216,761
$5,843,146
$6,538,568
^ge, 13 m. Extension to Rock Island partly graded.
. 12,289,638
13,302,196
12,852,979
1,183,678
Hi? i OEJ-""5rganized in 1887- Wltb its allied Unes formed the J ack' Mail, express, rentals, etc___.
1,825,768
1,647,527
« S S m Southeasternsystem. Default on 1st mort, occurred Sept.»
1893, and on Sept. 21 C. H. Bosworth and E. E. Anderson were made re. $18,690,075 $20,971,110 $21,039,674
Suits to foreclose the mortgages are in progress. In June,
. 13,147,057
15,083,689
14,977,480
1894, Mr. Aijderson resigned as receiver.
Net earnings..._____ . . . . $5,543,018
$5,887,421
$6,061,594
R bokganizatîon .—The plan provides for first mortgage $5,000,000,
July 1, 1897, then 5 per cent; second mortgage P. c. of oper. exp. to earns__
(70-34)
(71-93)
<71-!4)
sp2,500,000, gold, to be income 5 p. o. bonds, company to have right to From land department, eto..
$70,000
$60,000
$43,638
reduce them to 4 p. c. as a fixed charge; $2,500,000 non-cumulative Chic. Kan. & Neb. interest___
52,200
5 p. e. preferred stock, and $2,500,000 common stock. Stockholders of
the company to be assessed $5 per share, receiving therefor new
. $5,665,219
$5,947,421
$6,104,«32
P T « t 4<£P; c. See V. 58, p. 81. Depositary, Mercantile Trust Co.. N. Y.
$774,806
$739,016
$692,617
t
March, 1894, the plan was declared operative as to Chic. P. & St.
2,813,325
3,038,786
3,199,825
L., but Jack. L. & St. L. securities were excluded, and the North & Missouri River bridges.
143,858
121,566
157,46«
South o f Illinois (which see) was substituted. V. 58, p. 512. Bonds
,(3) 1,384,674 (4) 1,846,232 (4)1,846,232
have nearly aU been deposited under the plan.
E xchange of B onds.—
New Firsts. New Seconds. New Pref. tsalamMi, surplus
...........
$548,556
$201,821
$208,498
$200
$400 ~(V 56. p. 247, 700, 9 7 2 ,9 7 4 , 992,1015; V. 57, p. 181, 639, 723, 853;
Ch. P. & St. L. I s t M . . . . . ............... $900
First consols..........................
900
200
400 V. 58, p. 9 8 4 , 9 8 6 , 987, 9 8 9 .1 0 3 5 ; V. 59, p. 738.)
Second consols.................................
;...
1150
250
C h ic a g o St, P a u l & K a n . C ity .—See Chicago Great W bstb» w.
North. & South, of IlUnois ls ts .. 1,000
’ ___
St. Paul Minneapolis & O m a h a .—(See Map Chicago
F loating D ebt.—On Sept. 21, 1893, the Chic. Peoria & St. L. had A North Western.)—R oad .—Mainline—Elroy, Wis., to Omaha, Neb.75»3
unpaid taxes, vouchers and pay roUs, $334,600 ; car trusts and equip
ment notes, $407,922 ; loans, including joint liabUity on advances for miles; other lines, 899 miles; total, 1,492 miles, of whioh 1,412 miing
are owned,
11 miles
road.
betterments by Adams Express Company, $402,402 ; total, $1,144,924 from Ponca 69 miles leased and 11 miles, proprietary AugustExtension
to Newcastle, Neb.,
was opened
24,1893.
In May, 1894, $300,000 receivers’ certificates were authorized.
H istory .—This was
1880,
E arnings.—Including Jacksonv. Louisville & St. L., 112 miles. From Paul & Minneapolis, thea consolidation July, the St.of the Chicago St.
North Wisconsin and
Paul & Sioux City
Jan. 1 to Oct. 31, 1894 (10 months), gross earnings were $744,542,
. I^ ,r
18J2, a controlling interest in the stock was purchased
agamst $824J)59 in 1893. For year 1891-92 gross earnings $1,288,- for the0%®?lber»&
Chicago
095; net, $386,400’ agamst $272,400 in 1891. (V. 57, p. 510,763, 808; shares of commonNorthwestern Railway by the acquisition of 93.260
and 53,800 shares of preferred.
V. Do» p. ol| 012.
Stock .—Authorized common,
,
i s l a n d Sc P a c if ic .—(See Map)—RoAD.-Operates Preferred stock has a prior right $21,403,293; preferred, $12,646,833.
to non-cumulative dividend of 7 nor
£r°im Chicago, 111., via Omaha, Neb., to Denver and Colorado Springs, cent; but common is never to receive more than is paid on preferred/
Vla g -aiîsa8 City, Mo., to Fort Worth, Texas, with branches.
D ividends .—On preferred stock: From 1881 to 1884, inclusive, 7 »er
The system, as will be seen on adjoining map, includes :
Lines owned—
1885,4% ; from 1886 to 1888, inclusive, 6 per cent; in 188978 ;
- '■ Miles.
■*"*—
Leased, etc.—(HWhich see.) Miles.
Chic.,111., to Council Bluffs,la. 499 Peoria & Bureau Valley.... H 47 in 1890,4; m 1891,4; in 1892,6V. in 1893,7 p.c.; in 1894, Jan., 3*3 ».ft.:
Davenp’t, la ., to Atch’n, Kan. 342 Keokuk & Des Moines........ If 162 F » A ^ ? ° ‘ In 1894 ^ n d s , formerly J. & J., were »banged t*
Elwood to Liberal, Kan........ 440 Des Moines & Fort D odge..f 143
Herington,Kan.,toTerral,I.T. 349 Trackage to Kansas City, 4
„ S '^ o s . —Tn 1893 consols for $276,000 were issued. There are aiso
Horton, Kan., to Roswell,Col. 569
$75,000 Minneapolis Eastern 1st m., guar., 7s, due July 1,1909,
No. Topeka, Kan., Denver,
Branches..............................
682
Col., Pueblo, Col., etc........ 338
L ands.—The land sales in 1893 were 15,947 acres, for $44,936, in
^ ooiog lots; land contracts and notes on hand December 31,1803,
Total owned Apr. 1,1894..2,881
Tot.linesoper.Apr.1,1894.3,571 $501,968; lands undisposed of, 468,996 acres.
The Chicago Rock Island & Texas, from Terral to Fort Worth. Tex.
Latest E arnings.—From Jan. 1 to Sept. 30, 1894 (9 months), srsss
wa? ° ° mPleted in July, 1893. It is owned by the Rook Island! earnings were $5,266,134, against $5,752,694 in 1893.
and its bonds are all deposited for the R. I. extension and collateral
A nnual R eport.—Report for 1893 was in V. 58, p. 494, 510,1034.
mortgage, but the road m March, 1894, was operated separately.
Tear ending Dec. 31—
1891.
1898.
CMcago Rock Island & Pacific was a con- Passenger earnings............................. $1,956,982 1892.
$2,135,338
$2,072,069
June 4> J880, with $50,000,000 stock authorized, and a Freight.................................................. 5,718,281
6,689,015
5,893,011
stock dividend of 100 per cent to the holders of Rook Island stock Mail, express, & c....................
346,049
372,589
363,818
Chicago Kansas & Nebraska is now owned in fee simple. V. 53, p. 223!
1 JIVE ?? S ^ 7 Ini 1880» 8^ cash and 100 per cent in stock; from
$8,021,312
$9,196,942
$8,328,928
1881 to 1887, inclusive, 7 ; in 1888, 6*2; in 1889. 4 : in 1890 4 • in l aqi
. 5,446,114
6,368,296
5,843,536
a^in 1892,4; in 1893, 4; in 1894, F eb, 1 p .c ;M a y , I p c s A u k - l p c !
,$2,575,198
$2,828,646
$2,485,395
89,021
92,672
141,78«
rhT ei fc
T ^nllon an5 collateral trust 5 per cent bonds (trustee Net rentals paid.
1 1,346,827
1,346,782
1,378,6»®
*i
8- at?8 Z ruit Company) are issued at the rate of
t
.(5) 562,840
(7) 787,976
8#
1ngle track, $5,000 per mile additional for equip
<7)787,976
16,972
34,524
ment and $7,500 for second track. They are secured by the Loss on prop, roads.
direct hen of a first mortgage or by deposit with the trustee of an equal
a^ount of first mprt. 6 p .c . bonds of branch lines, and (since J u ly 1.
$566,692
$177,100
1894,) are red le at 105 m the order of their numbers.beginning with the
$368,468
laSLS 1 ^ ‘ ■- - - - - $4«8’, 728
a .6
$132,332
lowest. On April 1,1894, there were $40,457,000 of these bonds out
standing, and $255,000 had been canceled for the sinking fund; of V 595p 152)5’ 4 6 1 ’ 9 7 2 ’ 9 7 4 , 3?5; V' 58, P’ 305’ 4 9 4 ’ 6 1 0 ’ 1984;
t^ cto ta i originally sold $32,295,000 were issued at $15,000 per mile
Chicago & Southeastern.—Operates from Anderson, Ind., to
track; $1,200,000 for Kansas City terminal property Brazil, Ind., 106 miles, of which 12 miles, Waveland to Land Creek, is
a
t°r equipment. See mortgage abstract, V. 47, p. 260. trackage over St. L. Van. & T. H., leaving 94 miles owned. Formed in
Thedebentures of 1891 (U. S. Trust Co., trustee) were issued to pay 1891 to succeed Midland of Indiana, reorganized. The Midland #f
for temunals and betterments as needed. The issue is for $10,000.000 Ind. mortgage (assumed) has been limited to $375,000 (V. 58, p. 94L)
and
bonds are redeemable on notice any coupon day at 105. In
Chicago Sc South Side R apid Tran sit —(“ Alley G c ra ted .”
June, 1894, $1,500,060 debentures were sold for improvements.
—Owns elevated road In operation in Chicago upon a purchased right
General F inances.—The sale in Oct., 1894, of the Minneapolis & of way from Congress Street to Jackson Park, about 8% miles of double
St. Louis—which see—realized for the Rock Island $3,832,000 in cash. and triple track. Financial provision has also been made for extend
V ; 59» P - ? 38. In June and July, 1893, $1,230,000 extension and col ing the road to Englewood and other points in the southern district of
lateral trust 5s were issued for 82 miles of road toward Fort Worth Chicago, and for building a loop north of Congress Street. Exten
sion on,Wabash Avenue to Lake Street also proposed, and in March,
* " ,u i r - i8 9 s - 1891, property owners were said to have consented,
sto o i.
$7,500,000; par, $100. Mortgage of 1889 covers road from Congress
» ^ i l 6 2 1i “ l<898 .3 1 ’ 1 8 M < I0 ” »■“ > >. « r o » s * 1 3 ,7 3 7 ,- Street to 63d Street, and the bonds are subjeot to call for payment after
“
Oct. 1,1899, at
coupon dav. The mortgage
1 ^ ^ u.A L K.BPORT-—The flsoiil year ends March 31. Annual meeting of 1893 is a first 110 and interest on any of 63d Street. In Feb,, 1894
0
lien on extensions south
in
la
the f e t Wednesday in June. Report for 1893-94 $2,000,000 extension bonds were unissued. Trustee of both mortgages
in full was in V. 58, p. 964,986, 989. Earnings, &c., have been:
is the Northern Trust Co. of Illinois. V. 56, p. 331.
*
O
D
INVESTORS’
SUPPLEMENT.
M AP OF TH E
Ch ic a g o ,
r o c k is l a n d
A N D
PACIFIC RAILW AY SYSTEM
AND ITS CONNECTIONS.
[Vol. l i x ,
n
N o v em b er , 1894 i
.RAILROAD STOCKS AND BONDS.
4 9
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
RAILROADS.
Miles Date Size, or
For explanation of column headings, &c., see notes of
of
Par
on first page of tables.
Road. Bonds Value.
< hie. St. Paul Minneap. A Omaha—(ConcVd) —
8
St.P. &Si’xC . 1st M.,g. ($7,000,000)$10,000p.m. e 607
No. Wls. 1st M. Lake St.C. to n’r Spooner ass’med.c*
80
Sault Ste. Marie & Southwest’n 1st M., assumed.c
37
Ch.St.P.M.&O.con.M.,$30,000,000($15,000p.m)c> 1,412
'
Chicago ASoutheastern—Mid.of Ind. IstM .,gold..c
94
Consol, mortgage, $20,000 per mile, gold .......... .
94
Ohio. AS. S. Rapid Tran.—IstM., g.,s. f. Seetext.o
1st m orta ge on extension, $5,000,000, gold___o
Chicago A Texas—1st mort., $2,500,000, gold... c&r
60
Chic. A IT. Ind.—1st M., g., s. f., subj. call at 105.O’
48
“
General mort., gold, sinking fund, see text.......o’1
48
1
Chicago A West Michigan—Stock (in trust $63,600),
■Grand Rapids Newaygo & Lake Sh. 1st M. 2d Div. m
•Chic. & West Mich, general mort. ($12,000p.m.) .o* 482
,Ch.& No.Mieh.lstM.,gu.,p.&i.end.$18,000p. m.o’1 93
.Mich. Equip. Co. IstM., gu.p.&i., s.f. red. at 100.r
Coupon scrip........................... .............................
Choctaw Oklahoma A GulfRR.—Priorlien,g.,text.c*
97
General mortgage, $5,500,000..............................
3d M. income bonds.................................................
Cin. Dayton A Ironton—1st M., gold, guar. p. & i.o* 164
Cincinnati Hamilton A Dayton—Stock.....................
Preferred stock, Series A & B, $500,000 each___
do
“ Eagle” . . . ...................................
-Consolidated mort. (now 1st) $ & &, sink, fund.o*
60
do
do ............: ...............c*
60
do
do ...........................o*
60
■Second mortgage, gold......................................... o*
69
General mortgage, $7,800,000, gold................. c*
60
Cin. Hamilton A Indianap.—1st M., guar. p. & i . ..
99
General mort. for $3,800,000, gold, to be guar...
99
Cinn. Jackson A Mack.—1st M. for $4,800,000, g.o* 331
1879 $ 1,000
1880
1,000
1890
1,000
1880
1,000
1887
1,000
1891
i'.oò’ó
1889
1893
1,000
1893
1,000
1879
1,000
82-92 1,000
100
1875 500 &o.
1881
1,000
1891
1,000
1892
1,000
1894
1894
1,000
1894
1891
1,000
100
100
1875
1875
1875
1887
1892
1873
1893
1892
1,000
1,000
1,000
1 000
1,000
1, » ) 0
1,000
1,000
100
C h ic a g o Sc T e x a s .—Owns from Cape Girardeau, Mo., to Carbondale, 111., and branch to Harrison, 111., 60 miles.
A consolidation in 1893 of Grand Tower & Cape Girardeau and Grand
Tower & Oarbondale, Common stock authorized, $1,500,000; non-oumulative 5 per cent preferred, $1,000,000; par, $100. Outstanding
Peb. 1,1894, $1,025,000 common and $137,000 pref. First 5s for $1,500.000 are reserved for extensions.
Amount
$6,070,000
800,000
400.000
14,006,327
375.000
m
7.500.000
3.000.
950.000
1.474.000
9,652,666
7,448,200
19,000
5.758.000
1.667.000
342.000
(?)
1.000.
4.500.000
1.100.000
3.500.000
4.000.
1.000.
613,900
996.000
1.347.000
410.000
2,000,000
3,000,000
2.500.000
1.333.000
4.250.000
Bonds—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
6 g. A. & O. N. Y. Office, 52 Wall St.
6
J. & J.
do
do
5
M. & N.
do
do
6
J. & D.
do
do
J. & J.
£ gÌ g* A. & O. ( N.Y.,Bk.of Com. & Ch.
5 g.
000 5 g. J. & J. 1Northern Trust Co.
5 g. A. & O. N.Y., Mercantile Tr. Co.
6 g. M. & N. N. Y., Drexel, M. & Co.
6 g. Q .-M .
do
do
See text. F. & A.
See text.
7
J. & D. N. Y., Un. Tr. & Boston.
5
J. & D.
See text.
5
M. & N.
See text.
6
J. & D.
Boston.
5
Semi-an
000
A. & 0.
Philadelphia.
f gdo
5
do
j
5 g. M. & N. N. Y.,Kessler&Co54Wall
000 text. Q.—F.
See
Cincinnati.
000 an. Q.—J.
4 per
do
4 per an. Q .-M .
do
A. & O. N.Y.,Kessler<fcCo54Wall
7
6
A. & O.
do
do
5
A. & O.
do
do
4 1 J. & J.
ag.
do
do
5 g. J. & D. N.Y ., Blair & Co., 33Wall
7
J. & J. N.Y.,Kessler&Co54Wall
do
do
5 g. J. & D.
4 g. J. & D. N. Y., Central Trust Co.
Apr. 1, 1919
Jan. 1, 1930
Nov. 1, 1915
June 1, 1930
Jan. 1, 1917
Oct. 1. 1921
Oct. 1, 1929
Jan., 1933
Apr. 1, 1933
Nov. 1, 1919
Dec. 1, 1932
Peb. 15,1893
June 1, 1905
Dec. 1, 1921
May 1, 1931
June 1, 1902
1904
Oct. 1, 1919
May 1, 1941
Nov. 3, 1894
Oct. 2, 1894
Sept., 1894
Oct. 1, 1905
Oct. 1, 1905
Oct. 1, 1905
Jan. 1, 1937
June 1, 1942
Jan. 1, 1903
June,1943
June 1, 1991
C incinnati D ayton Sc Ir o n to n .—(See map Cincinnati Hamil*
ton A Dayton.) Operates from Dayton to Ironton, Ohio, 162 miles;
standard gauge, of which 8 miles between Bakers and Byers and 12
miles between Deans and Ironton under trackage contracts; also owns
from Wellston to Buckeye Furnace, 12 miles, and coal branohes, 10
miles ; total owned, 164 miles; total operated, 184 miles.
H is t o r y .— Succeeded to a portion of the Dayton Fort Wayne & Chicasro sold in foreclosure Jan. 20,1891 (see V. 52, p. 164). L e a s e d in
April, 1891, for 99 years (renewable forever) to the Cincinnati Hamil
ton & Dayton, which guarantees the bonds, principal and interest, by
endorsement, and will turn over to lessor one-half the net income
remaining after the payment of operating expenses, taxes and interest.
Proceeds of $500,000 of the bonds were reserved for extensions.
E a r n in g s .— For year ending June 30,1893, gross earnings $760,017,
net, $301,671; charges, $175,218; new construction, $57,226; balance,
surplus, $69,227. In 1891-92 gross, $600,469; net, $189,399. S eeV .
52, p. 534, 680; V. 57, p. 1038. Stock, $5,000,000; owned by 0. H. & D .
C incinnati H a m ilto n Sc D ay to n .—(See Map.)—Operates a direct
line between Cincinnati and Toledo, Ohio, with branohes to In
dianapolis, Ind., and Ironton, on the Norfolk & Western, eto.
Road owned—(HSee this\Oo.)Miles.
Roads controlled—
Miles.
Cincinnati to Dayton, 0 ......... 60
Cincinnati Hamilton & Ind. ..ff 99
Roads leased—
Cincinnati & Dayton................ 13
Dayton & Michigan—
Cin. Dayton & Chicago, eto___143
Dayton to Toledo................ 11142
Cincinnati Dayton & IrontoniT.184
Tptal of all.......................6 4 1
if See that company.
Owns jointly with Big Four the Dayton & Union—which see.
H is t o r y , E t c .— Chartered in 1846. Main line opened in 1851,
Leased lines added at various times since.
D i v i d e n d s on common stock since 1882—In 1883, 9 per cent; in 1884,
6; in 1885,6; in 1886, 7 ; in 1887,6; in 1888 and 1889, nil; from
1890 to Nov., 1894, both inclusive, 5 p. o. yearly, payable quarterly.
Dividends on preferred stook from January 1,1883, to July, 1886, at
rate of 6 per cent; from Deo., 1886, to date, at rate of 4 per oent yearly.
B o n d s .— The general mortgage is for $7,800,000, of which $4,800,000
reserved to retire the prior liens at maturity; the prior bonds must not
be extended; trustee, Mercantile Trust Company of N. Y. The mortgage
covers the perpetual lease of the Dayton & Michigan, the profits un
der which are large. V. 54, 799; V. 55, p. 373.
G u a r a n t i e s .—The C. H. & D. guarantees certain securities of the
following companies, fully described under their own titles: Cincinnati
Dayton & Ironton, Cin. Hamilton & Ind., Dayton & Michigan.
A n n u a l R e p o r t .—Fiscal year now ends Dec. 31.—For years ending
June 30 results were as follows, the interest on bonds including
fixed charges of Cin. Dayton & Ironton, Dayton & Michigan, eto.
Tear ending June 30.
1892.
1893.
Gross earnings........ .......................................$5,018,983
$5,412,912
Net earnings..................................................... $1,682,447
$1,844,280
Interest on bonds............................................. $647,396
$800,462
C. H. & D. dividends.......................................
264,303
264,556
D. & M. dividends............................................
180,786
180,788
Earnings 6 months ending Dec. 31,1893, gross, $105,980; net, $34,106; interest on bonds, $23,750; (V. 57, p. 255.)
C h ic a g o & W e s t e r n I n d ia n a .—Owns a valuable terminal sys
tem of roads affording entrance into Chicago to the roads named
below. Its lines extend from Dearborn Station, Polk Street, Chicago,
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
«Oragin, 16 miles, and to South Chicago, 5 m iles; total, 48 miles; total
track, including 2d, 3d, 4th tracks and sidings, 194 miles; also owns
860 acres of real estate, passenger and freight yards, warehouses,
©levators, etc. The Belt Ry. of Chicago leases and operates 72 miles of
the 194 miles owned by the Ch. & W. I., its securities being all held by
th e companies leasing the Chicago & W. I.
L e a s e s .—This company's road and terminals are leased under per
petual contracts to the Wabash, the Chic. & Grand Trunk, the Chicago &
Eastern Illinois, the Chioago & Erie and the Louisville New Albany &
■Chicago, each of which five companies owns $1,000,000 stock. They
are also leased to the Atchison and the Belt Railway. The annual
rentals provided by the leases must always exceed by at least 20 per
cent the interest on the bonds at any time outstanding.
C a p i t a l St o c k , $5,000,000, all owned as above stated. Dividends
paid at irregular intervals—6 per cent in 1892, and in 1893 6 p. c.; in
1894, for 1st quarter, l ^ per cent.
B o n d s .—Sinkingfundpayments(amountinginl893to about $135,000)
annually retire a portion of the first mortgage bonds at 105 and inter
est, and after they are all drawn the general mortgage bonds become
subject to same sinking, fund and will be drawn at same price in such
annual amounts as will retire the debt at or before maturity. In Sept.,
1894, $14,152,000 general 6s had been issued, of which $2,500,000
were reserved to retire firsts and $1,999,333 had been paid back to
company for debt and canceled.
R e p o r t for 1893 was in V. 58, p. 986. (V. 56, p. 373, 1 0 1 4 ; V.
57, p. 144,178; V. 58, p. 430, 476, 9 8 6 ; V. 59, p. 423, 476.)
<3klcago Sc W e s t M ic h ig a n .—Owns from Lacrosse, Ind., to
Traverse City, 301 miles; Allegan to Pentwater, 98 miles; Big Rapids
Junction to Big Rapids, 52 miles; other branches, 31 miles; proprietary
line, Chicago & North Michigan (opened in July,1892), Traverse City to
Elk Rapids and Bay View, 93 miles; total of all, 575 miles.
O r g a n iz a t io n , & c .—Successor of Chicago & Mich. Lake Shore Jan. 1,
1879. Equipment bonds authorized, $500,000. Bills payable $198,000
Jan., 1894.
C o u p o n s .—June, 1894, coupons on gen. mort. were purchased at
Union Tr. Co., N. Y., and Old Colony Trust Co., Boston. V.58, p. 941.
Coupons of Chicago & West Michigan general mort., due Deo. 1,1894,
and of Chicago & North Michigan first mort. due Nov. 1,1894, were
offered *2 in cash and *2 in 10-year 5 p. o. scrip; said scrip to be re
deemable at option of company. V. 59, p. 737.
D iv i d e n d s — In 1887, 2hi p. o .; in 1888, 2 ; in 1889, 2; In 1890, 3; in
1891,3*2; in 1892,3^ ; in 1893, Feb., l ^ p. o.; none since.
Balance, surplus............................................... $589,962
$598,474
L atest Earnings.—From Jan. 1 to Sept. 30 (9 months):
- (V . 55, p. 145, 215, 373,
1110; V. 56,
9months.
Gross.
Net.
Int., rentals, Ac.
Balance. 59,144,179,298,1122; V.639, p. 81, 549.) p. 81, 246, 463: V. 57, p.
58,
$207,936
$294,825
def. $86,889
1894................. $1,175,930
1893....................1,425,764
243,772
294,215
def. 50,443
C in c in n a t i H a m ilt o n Sc I n d ia n a p o lis .—(See Map 0. H.A D .)—
A n n u a l R e p o r t .— Report for 1893 was in Ch r o n ic l e , V. 58, p. 865> Owns Hamilton, Ohio, west to Indianapolis, Ind., 99 miles.
showing gross earnings, $1,892,710; net, $398,567; charges, $392,490!
St o c k .—Common stook ($2,500,000) is all owned by the Cincinnati
other payments, $3,903; balance, surplus, $2,174. In 1892 gross, Hamilton & Dayton, which operates the road,
. 57, p. 144. Pre$2,032,540; net, $527,155. (V. 55, p. 100, 255, 297; V. 56, p. 50 0 ; V. ferred non-oumulative 7 per cent stook, $281,679.
57, p. 298; V. 58, p. 303, 8 6 5 , 941; V. 59, p, 737.)
B o n d s .— The general mortgage, of which Continental Trust Co. of New
C h o c ta w O k la h o m a Sc G u l f U R . —Wister, Indian Territory, York and the Union Trust Co. of Cincinnati are trustees, is for $3,800,to South McAlester, Indian Territory, 65 miles; Fort Reno to Okla 000, of which sufficient reserved to retire first mort. bonds at maturity.
homa City, 32 miles; total, 97 miles. Contracts have been let for ex
E a r n in g s .— In year to June 30,1893, gross $805,068; net, $88,320;
tension, South McAlester to Oklahoma City, 123 miles. See V. 59, p. int., $126,000; deficit, $37,680. In 1892 gross, $726,263; net, $88,080.
835. Connects at Wistar Junction with St. L. & San Francisco RR.,
and near Fort Reno with Rook island RR. Holds valuable coal leases.
C incinnati J ack so n Sc M a c k in a w .—Owns from Carlisle, O.,
H is t o r y .—A reorganization of the Choctaw Coal & Railway Co., sold to Addison, Mich., 188 miles; Allegan to Dundee, Mich., 133 miles;
branches, 3 m.; trackage to Toledo, 23 m.; total operated, 347 miles.
in foreclosure Sept. 9,1894.
H i s t o r y .—This railway company succeeded on April 1,1892, a rail
St o c k a n d B o n d s .— Capital stock. $3,750,000; par, $50. The bond
issues are as follows, generals being reserved to retire the prior lien road company of same name, sola in foreclosure m 1891. In 1894
bonds—$1,000,000 prior lien 6 s ; $5,500,000 general mortgage 5 s ; $1,- parties identified with the Lake Erie & Western entered the directory.
100.000 3d mortgage income 5s. This provides $2,488,000 for re
R e o r g a n iz a t io n .— The reorganization plan of October, 1894, leaves
ceivership claims and to complete the road.
undisturbed the bonds issued under the plan of February, 1894. but
The prior lien 6s are redeemable at 105 after five years. They cover reduces the stook from $16,300,000 to $1,000,000. Old stockholders
about 220 miles to be owned by the company, are a first lien on the to receive one new share for forty o ld ; balance o f new stook, $600,000,
coal estate owned, and cover equipment owned or hereafter acquired. to be sold at par, stockholders being offered right to subscribe to
See adv. Ch r o n ic l e , Sept. 22, 1894. Enough “ generals ” have been $400,000 of this balance.
sold to provide for new construction and equipment.
B o n d s .— The whole issue of new 4s will be $4,800,000, of which
A n n u a l R e p o r t .—Report of C. C. & Ry. Co. for 1893 in V. 58, p. $550,000 reserved for future requirements. See V. 58, p. 345, It is
382, showed gross, $265,247; net, $*5,701; profits on coal, $73,470; proposed to extend the road to Jackson, Mich. (20 miles), and into Cin
net receipts, $159,171. (V. 58, p. 382, 1109; V. 59, p. 116, 290, 472, cinnati (50 miles). New securities were Issued in spring o f 1894. The
501,600,835.)
first coupon on new bonds is payable on Deo. 1,1894.
INVESTOES’
SUPPLEMENT.
[V ol. L IK
N ovember , 1884.J
RAILROAD
STOCKS
A
JSrD
BONDE.
31
Snbscrtbers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered in these Tables.
RAILROADS.
Bonds—PrincS
INTEREST OR DIVIDENDS.
—
—— — ---------------------------------------------------- — Miles Date ! Size, or
pal, When Due*
Amount Rate per WTien
For explanation of column headings, &c., see notes of
of
Par
Where Payable, and by Stocks—Last
on first page of tables.
j Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Cincinnati Lebanon A Northern—1st mortgage.. .0
Cincinnati A Muskingum Valley—1st mortgage.. .c
Cincinnati New Orleans A Texas Pacific—Stock.......
Cincinnati Portsmouth A Virginia—Common stock
Preferred stock (see text).......................................
Cin. Richmond A Ft. IF.- 1st mort., gold, int. gu.o*
Oin. Saginaw A Mack.—1st M., $2,000,000, golcL.c*
OlearfieldA Mahoning—1st M.g. ,gu.p. Ai. (end.) ,c*&r
Cleveland Akron A Columbus.—Stock.......................
General mort. (now 1st,) for $1,800,000 gold_ 0
_
Eauip. Tr. A 2 d M., for $890,000gold, (See text).c’
First consol, mortgasrefor $4,000,000, gold.......c’
Cleveland Belt A Cerminal—1st mortgage...-'.........
Oleve. Canton A South—Pref. 6 p. c. stock (See text)
Receivers’ certificates........................... ................
Cleveland A Canton 1st mortgage, assumed___c
Eauip. Tr. A Improve. 2d M. ($2,000,000) gold 0*
Coshocton & Southern 1st mort., gold, assumed..
Waynesburgh & Canton 1st M., gold, assumed. ..0
Cl. Can. & So., consol. M., $26,000 p. m., gold..c*
Car trust bonds..............................................
Oleve. Cinn. Oh. A St.L.—Gom. st’k($28,700,000 au.)
Preferred stock, 5 per cent, non-oumulative.........
Indianapolis Cincinnati A Laf. mortgage........... c
C. I. 8t.L. & C. con. M.,drawnatl05, s.f. 1 p. c.o*
Gen. IstM.. $10,000,000 gold, s.f. not dr’n..c«fcr
Bel. & Ind. 1st mortgage (part due yearly)...........
Clev. Col. Cin. A Ind. 1st M., sinking fund ........
Con. mort. (see text) drawn at 100 if unst’mp’d
Gen. consol, mort, ($12,000,000) gold...... c* & r
Indian A St. L. 1st mort., in 3 ser. of $667,000.0.
2d M. ($2,000,000), gold, Indianap. to Terre H c.
E arning ».—3 mos.—
(1894, gross, $175,035;
38 1886
148 1870
336
107'
107
86 1871
53 1890
26 1893
178
178
178
6*2
$ 1,000
1,000
100
1,000
1,000
1,000
100
1887 500 Ac.
1890
1,000
1893
1,000
1891
100
161
161
30
6
1887
1891
1887
1888
1892
154
175
1867
1,000
1880
1,000
1886 l,000Ac
1864
1,000
1869
1,000
1874
1,000
1884
1,000
1869
1,000
1882
1,000
119
391
391
391
72
72
i'ö ö ö
1,000
1,000
1,000
1,000
"ib ö
100
net, $39,554.
July 1 to Sept. 30.
I 1893, gross, 167,608 ; net, 26,204.
A n n u a l R e p o r t .— Gross for year 1893-94 was $618,123 ; net, $8«,780. Report for year ending June 30, 1893, was in V. 57, p. 851
Gross earnings $735,537, against $696,588 in 1891-92; net, $177,367’
rental, $18,302; taxes, $28,448. (V. 56. p. 246, 463; V. 57, p. 638, 808’
8 5 1 ,9 7 9 ; V. 58, p .344, 512, 715; V. 59, p. 651, 835.).
Cincinnati Lebanon & N orthern.—Cincinnati, 0 ,to Dodds, O.
36 miles; branches, 2 miles; total, 38 miles, formerly narrow-gauge
standard-gauging completed in Oct., 1894. Operated to Lebanon only
30 miles. See V. 57, p. 638, 808. Capital stock authorized, $1,000,000; outstanding, $902,000; non-interest bearing certificates, $172,
440. In year 1892-93 gross $134,797 (against $132,640 in 1891-92 ;
net, $48,957; surplus over charges, $33,648.—(V. 57. p. 979.
Cincinnati Sc M u sk in g u m V a lley,—See S u p p l e m e n t of Sep
tember, 1894,
E arning ».—In 1893, gross, $483,345 ; net, $27,042. Int. and other
charges (including $30,088 for rolling stock and steel rails), $149,170;
balance deficit, $122,128. In 1892 gross, $476,077; net, $59,503.
C incinnati New Orleans Sc T ex a s Pacific.—R o a d .— Operates
Cincinnati Southern Ry., Cincinnati to Chattanooga, Tenn., 336 miles.
H istory , E t c —Organized in 1881 under laws of Ohio to lease the
Cincinnati Southern Railroad, owned by the City of Cincinnati. In
April, 1890, the East Tennessee Virginia & Georgia obtained voting
power on $1,000,000 stock, through purchase of a controlling interest
hi the Ala. Gt. South’n. In 1894 a majority interest in Alabama Great
So. stock was obtained by Cin. Ham. A D. interest. See V. 59, p. 371.
697. Control will be decided upon the judicial sale of collateral secur
in g Cincinnati Extension bonds.
Rental due City of Cincinnati is now $1,012,000 till Oct. 12,1896;
$1,102,000 till Oct. 12,1901, and $1,262,000 till 1906. Betterments of
about $150,000 revert to lessor annually.
R eceivership .—S. M. Felton, the President, was on March 19,1893,
appointed receiver. Statement in June, 1893, showed total assets.
$890,975; total liabilities, $1,210,371. Car trust 6s July, 1892*
$351,686.
D iv i d e n d » since 1881: In 1882,1*2 per cent; in 1883, 3; in 1889, 3;
in 1890, 6 per cent; in 1891, 4 per cent.
E arning».—
July 1 to May 31,1894 (11 months), gross, $3,325,972,
against $3,831,355 in 1893; net, $840,000, against $910,184.
A n n u a l R eport.—Report for 1891-92 was in V. 55, p. 721,
Tear end. June 30, 1890.
1891.
1892.
1893.
Gross earnings .....$4,309,144 $4,379,143 $4,337,498 $4,174,970
Net earnings......... $1,580,963 $1,354,640 $1,137,688
$998,715
Rental paid............. $912,000
$912,000 $1,124,121
1,116,285
Dividends................
180,000
60,000
60,000
Sinking fund, e tc ...
90,912
100,750
Net surplus..... $398,051
$281,890 def.$46,433 df.$117,570
—(V. 53, p. 289, 6 0 1 ,9 6 8 ; V. 55, p. 543, 7 2 1 ,1 0 3 4 ; V. 56, p. 500, 883;
V. 58, p. 697.)
C incinnati P o rtsm ou th Sc V ir g in ia .—Owns from Idlewild,
O., to Sciotoville, 108 miles; trackage (Cin. Lebanon & Northern)
to Cincinnati, 4 miles; total, 112 miles. Ohio A Northwestern was sold
in foreclosure March 13,1890, and reorganized. Preferred stock is en
titled to 5 per cent dividends, then common to 5, then both pro rata.
■E r n in g s .— 9 months, > 1894..............gross, $185,640; net, $36,172
a
Jan. 1 to Sept. 30. 51893..............gross, 200.850; net, 32,906
In year 1893-94 gross $254,756; net, $35,303; no charges—spent for
construction, improvements, etc., $26,782. In year 1892-93, gross,
$277,135; net, $44,744, spent for improvements. (V. 52, p. 899; V. 53.
p. 48; V. 55, p. 1 0 8 1 ; V. 59, p .6 9 5 .)
’
’
Cincinnati R ichm ond. Sc P o rt W a y n e .—Owns from Rich
mond, Ind., to Adams, Ind., 86 miles; leases 5 miles of P. F. W. A C.
Leased for 99 years to Grand Rapids & Indiana for net earnings. Interest
is guaranteed by the lessee and by the Pennsylvania Company and Pitts
burg Cincinnati Chicago A St. Louis Company jointly. Gross earnings
Jan. 1 to Oct. 31, 1894 (10 months), $340,304, against $370,095 in
1893. In 1893, gross, $436,832; net, $117,784; interest on bonds (13
months), $136,500; rental, etc.. $29,883; deficit for year, $48,599. In
1892—gross, $496,602; net, $168,428. btocK, $1,709,313—par, $50, of
which Penn. Co. Dec. 31, 1893, owned $1,256,900. Due guarantors
Dec. 31,1893, $1,207,706.
C incinnati Saginaw Sc M a c k in a w .—Owns Durand to West
Bay Citv Mich., 53 miles. In October, 1890, leased till Jan. 1,1920, to
Grand Trunk and Chicago A Grand Trunk co’s at a percentage rate,
coupons purchased by them to be held alive and to be unenforceable
till the maturity of the bonds. Of the $2,000,000 bonds $320,000 were
reserved for new terminals, extensions, Ac. In 1893 gross earnings
were $165,190; net, $18,135; interest on bonds, $84,000; deficit for
vear, $65,865—advanced by «rand Trunk and Ch. & Gr. Trunk Co’s,
Ïn 1892, gross, $214,698; net, $48,693. Stock, $1,500,000.
Clearfield Sc M a h o n i n g .-(See map B uf.R och. A Pitts.)—Owns
road, completed in 1893, from Du Bois, Penn., on Buff. Rock & Pitts.,
to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester & Pittsburg—
$200,000
5
J. A J. Cinn., Fourth Nat. Bank
1.500.000
7
J. A J. Jan.,’ 87, paid Dee.,’92.
3.000.
000 text.
See
1.566.000
594.000
1.800.000
7 g. J. A D. N. Y. Winslow, L. A Co.
1,680,000
5 g. J. A J. New York and London.
650.000
5 g. J. A J. N. Y., Gu. A Indem. Co.
4.000.
000 text. Ann’lly.
See
1,800,000
5 g. M. A S. Hamilton Tr., Bk’lyn,
730.000
6 g. F. A A. do A 32 Liberty ,N.Y.
Sep.,94 none
New York.
5 g. J. A D.
902.000
5
J. A D. Boston, Co.’s Office.
See text.
(1)
2.000.
000 5
J. A J. Jan.,’94,coup, last paid.
1,065,000
5 g. A. A O. Apr.,’93,coup.last paid.
600.000
5
J. A J. July, ’93, coup, last pd.
200,000
5 g. J. A D. June,’93, coup, last pd.
5 g- M. A N.
134,371
6
M. A N.
Boston.
28,000,000 See text. F. A A. Drexel, Morgan A Co.
10,000,000 5 per an. Q.—J.
do
do
379.000
7
F. A A.
do
do
731.000
6
M. A N.
do
do
7.755.000
do
do
4 g. Q.—F.
107.000
7
J. A J.
do
do
3.000.
000 7
M. A N.
do
do
4.053.000 7 or 6 g. J. A D.
do
do
3.205.000
do
do
6 g. J. A J.
2.000.
000 7
Various
do
do
500.000
do
do
6 g. M. A N.
Jan., 1916
Jan. 1, 1901
Oct. 19,1893
June
Jan.
Jan.
Oct.
Mch.
Aug.
1,
1,
1,
3,
1,
1,
1921
1920
19455
1892
1927
1930
1941
July 1, 1917
July 1, 1917
July, 1917
June 1, 1928
May 1, 1942?
Aug. 1, 1893»
Oct. 1, 1894.
Féb. 1, 1897
May 1, 1920
Aug. 1, 1936
Jan.’95 t o ’99May 1, 1899
June 1, 1914
Jan. 1, 1934
July 1, 1919
Nov. 1, 1912:
j which see—at a rental payable in gold and equal to 6 per cent om
i $650,000 stock, par $50, and 5 per cent on bonds, the latter being guar,
p. & i., by indorsement on each. (V. 56, p. 695,972; V. 57, p. 1039.)
Cleveland A k ro n Sc C olum bus Ila ilw a y .—( t o Map.)—Own»
from Hudson, O., to Columbus, O., 144 miles; Dresden branch; Kilbuok
to Trinway, 34 miles, and trackage, Cinn. & Muskingum Valley Ry..
Trinway to Zanesville, 16 m.; coal branches, 12 m ; total, 206 miles.,
H is t o r y .— Reorganized under this title in January, 1886. In March*
1893, persons interested in Ohio Southern acquired control, and in June,
1894, both companies had been brought under one management. V,
58, p. 1035.
D i v i d e n d s .— In 1886 and 1887, each 1*2 per cent; for 1888 and 1889 *
each 1 p. c.; in 1890 1 p. c.; in 18911 p. c. m Nov.; in 1892, IJ4 in Oct,
B ond».—The equipment bonds are redeemable at 100 and interest on
August 1,1900, ana. at 105 and interest on any August 1 thereafter
prior to 193u. See V. 56, p. 87. In October, 1893, $4,000,000 first
consolidated bonds were authorized, $2,530,000 being reserved to retíre
present issues; balance for equipment and improvements,but in Oct..
1894, no immediate issue was contemplated. (Union Trust Co., trus
tee.) See V. 57, p. 853, 979; V. 59, p. 651.
Car trusts outstanding June 30, ’94, $556,105; bills payable $24,280
E a r n in g s .— 3 months, ) 1894, gross, $216,700; net, $86,203.
July 1 to Sept. 30. 5 1893, gross, 236,993; net, 71,908.
A n n u a l R e p o r t .—Fiscal year ends June 30. Report for 1893-94
was in V. 59, p. 649. Gross earnings (including Dresden branch) were
$896,090, against $1,030,240 in 1892-93; net, incl. taxes, $219,906.
against $247,246; rentals, $35,071; interest, $132,979; capital expen
ditures, $24,597; balance, surplus, $27,259.—(V. 57, p. 638, 853, 8 9 2 .
979; V. 58, p. 474, 1035; V. 59, p. 6 4 9 , 651.)
C leveland R elt & T e r m in a l.—Owns 6*2 miles terminal road at
Cleveland, Ohio. Capital stock, $3,115,200.
Cleveland C anton & Southern.—Owns Cleveland to Zanes
ville, O., 145 miles; Canton to Sherrodsville, 43 miles; other branches,
22m.; total,210miles. A consolidation May, 1892. (V.54,p.84).
R e c e iv e r s h ip .— In Sept., 1893, J. W. Wardwell and Fredk. Swift
were appointed receivers. V. 57, p. 510. In July Mr. Swift resigned.
Floating debt secured by collateral was about $900,000. In January,
1894, issue Of $1,100,000 receivers’ certificates was authorized. See
V. 58, p. 42. Litigation pending. Bondholders’ committee is composed
of Austin Corbin, 192 Broadway, N. Y., H. L. Thornell and Charles A .
Peabody, Jr.; depositary, Mercantile Trust Co. V. 59, p. 697.
C o u p o n Payments .—Coupons due January 1 ,18 9 4, on first mortgage
were paid after one day’ s delay. October, 1893, interest on equipment
mortgage went unpaid. Coshocton A South’n Jan., ’94, and Waynesb’g
A Canton Dec., ’93, interest not paid.
St o c k .— Common stock, June 30,1893, $4,151,209. In March, 1893 _
$9,100,000 of 6 per cent non-cumulattve 1st preferred was authorized
to retire at par the old cumulative preferred.
E arnings.—3 months, > 1894,, gross, $197,496; net, $50,530.
July 1 to Sept. 30.
5 1893, gross, $233,893; net, $28,863.
Report for 1891-92
was given at length in V. 56, p. 81, 87. In 1892-93, gross, $961,545 ;
net, $275,836; deficit under charges, $35,057. In 1891-92, gross.
$786,552, against $660,668 in 1890-91; net, $263,611 [agst. $227,8881;
interest paid, $227,576; balance, surplus, $36,035. (V. 56, p. 81, 8 7 ,
246, 538, 578, 973; V. 57, p. 510,683,763,1082; V. 58, p.42, 512,716;
V. 59, p. 228, 697.)
Cleveland C incinnati Chicago Sc St. L o u is.—(See M ap.)—
Operates an extensive system of roads radiating fr> m Indianapolis,
In d., westerly to Chicago, Peoria and Cairo, 111., and St. Louis, Mo,, and
ea sterly to Sandusky, Cleveland, Columbus and Cincinnati, Ohio, with
branches. The system, clearly shown on accompanying map, is made
up as follow s: ,
Owned directly —
Miles.
Leased and controlled.
Miles.
Cleveland, 0 .,to Columbus, O ..138 Cincin. Sandusky ACleve.Ry.— .
Galion, O., to Indianapolis.......203
Sand’skv, O., to Dayt’n,O.etc.l70
Delaware to Springfield........... 50 Cincinnati & Springfield Ry.—
Cincinnati to Lafayette..............174
Lud.G’ve (6m.fr. Cin.)to Day’n 48
Indianapolis to Terre Haute___72 Colum. Hope & Greens b’g RR.— 26
Harrison Branch....................... 7
Trackage into Cincinnati, Ac. 46
Leased—entire stock owned—
Cincin. Lafayette & Chic. Ry.— 56
Total included in earns... 1,895
Cairo Vincennes & Chic. Ry.—
Operated; earnings kept separate—
Cairo, 111., to Tilton & branch.267 Peoria & East’n By.(fifc—
352
St. Lou. Div. T. H. to E. St. L.194 Kankakee A Seneca RR.—
42
Columbus Springfield & Cin.—
Mt. GileadShort L in e ........... 2
Columbus, O., to Springfield.. 45 Dayton A Un. RR. (6) , . . . . . . . . . 47
White Water—Harrison, Ind., to
Trackage ILL Cent, into Chicago. 56
Hagerstown, Ind;................ . 62
Cin. Wabash & Michigan Ry.—
Grand total, June 30,1894.2,394
Benton Harb. to Rushv. & Br.249 Double track . . . : ............
47
Other lines (a;............................ 88
A n n u a l R e p o r t .—Fiscal year ends June 30.
a No debt, or bonds all owned by Clev. Cin. Chic. A St. L.
b More fully described in separate statement for this company.
G
INVESTOKS’
SUPPLEMENT.
[Y ol.
Lix.
BONDS.
AN D
STOCKS
KAILBOAD
N ovember , 1894.J
IN V E S T O R S ’
SU P P L SME
[Vol, l i x .
N ovember , 1894.
BAXLROAB
STOCKS
AND
BONDS.
1 .......
¡Subscribers w ill conifer a great favor by g iv in g Im m ediate notice o f any error discovered In these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see notes of
Whom.
Dividend.
Road. Bonds Value.
Cent. Payable
on first page of tables.
Cleveland Cin. Chic, dl St. Louis ( Concluded) —
62
CLCin.Ch.&StL., White Water branch, 1st, gold-o*
45
Columbus Springfield & Cincinnati 1st m ort...
45
Spring. & Col. Div. (Col. Sp. & Cin.), 1st M.,g.o*
C. C.C. &St. L.,Cairo V .& Ch. Div. IstM., gold-.o* 267
St. Louis Div. (St. L. Alt. & T. H.) coll, tr., g.,o*&r 194
Cin. Wab. &Mich. Div. 1st mortgage, gold........ c- 203
Gen. mort-100 year bonds for $50,000,000 g.cx&r 1,808
O b l ig a t io n s
for
P r o p r i e t a r y L in e s .
Cincinnati Lafayette & Chicago,1st mort., gold.o
Cincinnati Sandusky & Cleveland—Pref. stock...
Consol, mort. ($3,600,000) gold (See text)........ o
Cincinnati & Spring.—is t m., p.& i.gu. See text.o
2d mortgage. Big Four owns $526,000 more, .o
(Hevel. Lor. dl Wheel.—CL Tusc. Val. & W.. 1st mort
Clev. Lor. & W. Ry., cons. M., $5,000,000, gold.c*
Clev. d Mahoning Val.—C1.& Mah. 3d M. (now lst).o*
Cons. M. for$3,000,000, gold, (lston 58 miles).c*r
Cleveland dl Marietta)— st M ,g., subj. to call at 110.
1
d eve. d Pittsb.—Stock, 7 p. c. guar, by Penn. Co—
Consol: sink, fund mort, for $5,000,000,notdr’n.o
Got. M. for $10,000,000 gold ) series A , ......... c*
guar. p. & i. (énd.j Pa. RR. $ series B ...............
Constr’n and equip’tinc., Ser. “ A,” dr’n at 100 o
Colebrookdale—1st mortgage................................... c
Columbia Newb. d Laurens—IstM,for$12,000 p.m.,g
Columbus d Cincinnati Midland—Common stock..
Preferred stock (see remarks) non-voting.............
1st M.,ext., guar. p.&i. (end.) Cent. O.andB.&O.C
Debentures, guaranteed..........................................
Columbus Hocking Valley d Toledo—Common stook.
Preferred 5 per cent stock, non-cumulative..........
56
_
170
48
48
158
165
57
125
97
199
199
199
13
63
70
—
1890 $1,000
1871
1,000
1890 500 &c.
1,000
1890
1890 l,000&c
1,000
1891
1,000
1893
.... .
1888
1871
1872
1878
1893
The company is also one-fourth owner of the Peoria < Pekin Union
&
Ry., one-seventh owner in the Terminal Railroad Association of 8t.
Louis and two fifths owner of the Indianapolis Union Railway.
H is t o r y , E t c .—A consolidation of the Cincinnat Indianapolis St
Louis & Chicago Railway Company, the Cleveland '«ilumhus Cincin
nati & Indianapolis Railway Company and the Indianapolis & St. Louip
Railway Company, made in July, 1889. It is one of the so-called
Vanderbilt roads. The St. Louis Alton & Terre Haute main line and
branch were purchased in 1890 for $10,000,000 of 4 per cent bonds.
In 1889 acquired the entire stock of the Cairo Vincennes & Chicago
and in 1890 leased the Peoria & Eastern (which see). In 1890 also
practically absorbed the Columbus Springfield & Cincinnati and the
Cincinnati Sandusky & Cleveland. Entire common stock of the latter
is owned, and under a lease running till 1969 interest is paid on bonds
and dividends on preferred stock. V. 51, p. 457, 608.
Ca p i t a l St o c k .— According to Ohio statutes company has privilege
of retiring preferred stock at par after June 27,1892. On Jan. 1,1890,
the common stock was $20,500,000, and it has been increased to pres
ent figure to acquire stocks of lines absorbed, etc.
D iv i d e n d s .—On preferred stock It* per cent quarterly to date.
On common, in 1890, 4 per cent (1 per cent being extra in July), in
’ 91, 3 p. o.; in ’92,3 p. c.; Aug., 1*2; in ’93, 3 p. o.; in ’94, Feb., none.
B o n d s .—The Cincinnati Indianapolis St. Louis d Chicago 4 per cent
mortgage for $10,000,000 will retire all prior bonds as they fall due,
and also the Cincinnati Lafayette & Chicago 7s due September, 1901,
The sinking fund provision of the Cleveland Columbus Cincinnati d
Indianapolis consol, bonds of 1874 may be canceled at option of
holders, aDd the bonds so stamped. The principal of these bonds is
payable in gold, but the interest is payable at option of holder either in
lawful money at 7 per cent per annum or in British sterling at 6 p. c.
On June 30,1894, $111,000 of these bonds (not included in amount in
table) were in C. C. C. & St. L. treasury.
Of the Indianapolis d St. Louis first mortgage bonds series “ A” are
J. & J.; series “ B,” M. & S.; series “ C,” M. & N.
Of the C. C. C. & St. Louis first mort. Cairo Div. for $5,000,000, bonds
for $237,000 are held in reserve pending certain litigation. As to
these bonds see Su p p l e m e n t of July. 1893.
The $10,000,000 St. Louis Division bonds of 1890 issued to the St.
Louis Alton & Terre Haute in payment for its main line are now a
first collateral lien on that line ; $250,000 bonds are held in the sinking
fund. The bonds are not subject to call. They are direct bonds of the
Clev. Cin. Ch. & St. L. and are secured by deposit in trust of a purchase
money mortgage for $10,000,000 executed by the Cairo Vincennes &
Chicago, which purchased the St. Louis Division in 1890. For deed of
trust see V. 52, p. 42-45.
As to the Cincinnati Wabash d Mich. 4 per cents, see V. 52, p. 718.
The 100 year mortgage of 1893 is limited to $50,000,000, of which
$29,252,000 reserved to retire at maturity the bonds now out
standing on the various lines (exclusive of those on the Cairo division,
the Peoria division, the Michigan division and the St. Louis division
west of Terre Haute). Of the balance $5,000,000 were authorized to
be sold at once for double-track, equipment, etc., and the remaining
$15,748,000 can now beissued (since July 1,1894,) for new construction,
etc., at the rate of $1,000,000 a year. See V. 56, p. 578,792. Union
Trust Co. of Indianapolis is trustee, vice Theodore P. Haughey.
It is a question whether or not the Cincinnati Sandusky d Cleveland
eonsols of 1888 are now a first lien; some persons claiming that the
preferred stock is secured by lien of prior bonds in trust. V. 58, p. 476.
The Cincinnati d Springfield firsts are guaranteed, one-half of them
by C. C. C. & Ind. (now consolidated with Cl. Cin. Ch. & St. L.) and onehalf by the Lake Shore & Mich. So.
General F inances.—On July 1, 1894, bills payable were only
$3,425, against $1,922,001 in 1893; there were $1,812,848 equipment
notes, payable in yearly instalments, $690,632 becoming due in 1894-95.
During 1893-94 the $5,000,000 general mortgage 100-year 4s, men
tioned above, were sold and proceeds applied to reducing floating debt
and to improvements.
L atest E arnings.—From July 1 to Sept. 30 (3 months)—
Balance•
3 months.— Gross earn’gs. Net eam 'gs. In i., rentals, die.
$780,833
$704,953 sur. $75,880
1 8 9 4 ..............$3,343,316
882,390
672,336 sUr. 210,054
1 8 9 3 ...,....... $3,650,155
A nnual R eport.—Annual meeting last Wednesday in October.
Report for 1893-94, with balance sheet, &o., in V. 59, p. 627, 650, 652.
Year end'g June 30— 1891.
1892.
1893.
1894.
Passenger earnings.. $3,649,505 $3,824,201 $4,307,371 $4,104,769
Freight...................... 8,608,219
9,129,417 9,338,787
7,866,967
Mailand express....
630,892
631,768
769,993
803,078
Total earnings...$12,888,616 $13,585,386 $14,416,151 $12,774,814
OpeFg exp. & taxes. 9,193,992 9,838,542 10,964,787 9,750,503
P. o. op. ex. to earns.
69*99
71*20
74*74
74*80
Net earnings___ $3,694,623 $3,746,844 $3,451,364 $3,024,311
Rentals.....................
245,823
1L342}
252,904
259,235
Interest, &e..............
82,938
Total netincome. $4,023,384 $3,990,916 $3,704,268 $3,283,546
4
7
4
4
4
4
4
g. J. &
M. &
M. &
J. &
M. &
J. &
J. &
g.
g.
g.
g.
g.
J. N. Y. Drexel,
S.
do
S.
do
do
D.
N.
do
do
J.
do
D.
M. & Co. July 1, 1940
do
Sept. 1, 1901
do
Sept 1, 1940
do
Jan. 1, 1939
Nov. 1, 1990
do
do
July 1, 1991
do
June 1, 1993
792,000
do
do
7 g. M. & S.
428,850 6 per an. M. & N. New York and London.
2,571,000
5 g- J. & J. N. Y., Drexel, M. & Co.
do
do
2,000,000
A. & O.
7
do.
do
125,000
J. & J.
7
700,000
A. & O. N. Y., Blair 33 Wall St.
7
do
do
3,200,000
5 g. A. & O.
70,000
487,900
1876 500 &c.
M. & S. N.Y.,Window,Lan.&Co.
7
do
do
1888 l.OOO&c 2,281,000
5 g. See text
1,000
590,000
1887
6 g. F. & A. N. Y., Cuyler, Morgan.
.
50 11,236,900 7 per an. Q.—M. N. Y., Winslow, Lanier.
1,000
M. & N.
do
do
1867
1,584,000
7
do
do
1892
1,000
3,000,000
4*3 g. J. & J.
1,000
do
do
1892
743,000
43fi g. A. & O.
do
do
1,000
J. & J.
1873
719,000
7
600,000
J. & D. Phila., Phil. & R. Oflice.
1868 100 &c.
6
1,000
707,000
1887
6 g. J. & J. Balt., N. Farm.& Pl.Bk.
2,000,000
1,000,000
1,000
1884
2,000,000
4tis J. & J. N.Y .,Farmers’ L. &T. Co.
1890
240,000
4*9 J. & J. Balt., B. & O. RR. Co.
100 11,696,300
N. Y., Co.’s Office.
100
2,000.000 15 per an. J. & J.
—
1871
1,000
50
1,000
1,000
1,000
1,000
1,000
$650.000
78,000
1,103,730
4,763,000
9,750,000
4,000,000
5,000,000
Sept
Nov.
Jan.
Apr.
Jan.
O ct
O ct
1,
1,
1,
1,
1,
1,
1,
1901
1894
1928
1901
1902
1898
1933
Sept 15,1896
Jan. li 1938
Aug. 1, 1937
Deo. 1, 1894
Nov. 1, 1900
Jan. 1, 1942
Oct. 1, 1942
Jan. 1, 1913
June 1, 1898
Jan., 1937
Jan. 1, 1939
Jan. 1, 1895
July 2, 1894
1891.
1892
1893.
1894.
Interest on bonds ... $2,123,303 $2,293,642 $2,445,135 $2,554,235Rentals .....................
469,406
276,532
207,826
204,937
Dividends....... 1,318,322
1,340,000
1,340,000
500,000
Miscellaneous...........
10,792
73,310
16,404
Balance.sur.$101,561 sur. $80,742
df.$362,003 sur. $7,970
—(V. 57, p. 4 6 6 , 4 7 2 , 894, 979; V. 58, p. 636, 904,1035;V. 59, p. 152
541, 6 2 7 , 6 5 0 , 6 5 2 .)
Cleveland Lorain & W h e e lin g .—(See Map.;—Owns from Lorain,
O., to West Wheeling, O., 158 miles, and branch to Bellaire, O.. 7 miles,
and has trackage into Wheeling. Extension, Medina to Cleveland,
about completed. Reorganized in 1883 after foreclosure.
H is t o r y .—This railway is a consolidation in Nov., 1893, of the C. L.
& W. railroad with the CLeve. & Southwestern. (See V. 57, p. 808.)
St o c k .—C om m on , $8,000,000, a n d p re fe rre d , $5,000,000.
B o n d s —The new consolidated mortgage for $5,000,000 (U. 8. Mtge;
Co., N. Y., trustee) covers 165 miles main line, the extension of 30
miles now being built to Cleveland, also 70 miles sidings, and equip
ment valued at over $1,000,000. The mortgage provides for the retire
ment of the Cieve. Tusc. Val. & Wheeling firsts at maturity.
D iv i d e n d s on preferred: In 1887, 3 p. o.: in 1888,2 p. e.; in ’ 89,2 p. c
E a r n in g s — 8 months, 51894
gross, $750,563;
net, $203,250
Jan. 1 to Aug. 3 1 ..(1 8 9 3
gross, 940,740;
net, 204,091
E a r n in g s .— Earnings of the old company were: From July 1 to Dec.
31,1893 i6 mouths), gross $720,955, against $763,602 in 1892 ; net
$235,456, against $230,988. i?or year 1892-93 gross $1,442,182,
against $1,412,186 in 1892 and $1,332,534 in 1891; net $361,101,
against $329,217 and $323.355.--(V. 56, n. 463; V. 57. o. 341.808.979. V
Cleveland & M ah on in g V alley.—Owns from Cleveland, O., to
Sharon, Pa., 81 miles [57 double track]; Niles, O., to New Lisbon, 0.,and
branches, 44 miles. Leased to N. Y. Penn. & Ohio till 1962: rental $514,180 per year, payable monthly. Consols (trustee Central Trust Co.) are
reserved to retire prior bonds in 1896. Bonds for $127,000 were issued
in 1894. Coupon interest is J. & J., registered interest, Q.—J. Stock
is $2,759,200, of which $2,758.250 is held by “ Atlantic First Leased
Lines Rental Trust Co., Limited,” of London. Dividends, 11 to 121
©
per cent per annum. V. 57, p. 179.
Cleveland & M arietta.—Owns from Marietta, O., to Canal
Dover, and branch, 97 miles, and 8 miles, Valley Junotion to Canal
Dover, leased. Pennsylvania RR. obtained control in October, 1893,
having purchased about two-thirds of the stock. Stock, $2,000,000—
par $100; oar trust Dec. 31, 1893, $228,173. In year 1892-93 gross
earnings were $362,025; net, $47,892; interest, $55,267; taxes,
$9,218; deficit, $16,593. In 1891-92 gross $337,077; net, $79,320.
—(V.57,p. 721,979.)
Cleveland & P ittsb u rg.—(See Map Pennsylvania Railroad.)
Cleveland, O., to Rochester, Pa., 124 miles; branches—Bayard, O.,to New
Philadelphia, 31 miles; Yellow Creekto Bellaire, 43 m.; trackage, Roch
ester to Pittsburg (Pittsb. Ft. Wayne & Chic.), 26 miles; total, 224 miles
L e a s e —Leased for 999 years from Deo. 1,1871, to Pennsylvania RR.
Co., and lease transferred to Pennsylvania Co. Rental, 7 per cent on
stock, and organization expenses, the lessees assuming all liabilities.
B o n d s .—General mortgage bonds are all equally seoured and bonds
cannot be called for the sinking fund. See guaranty, V. 56, p. 604.
I n c o m e .— In year 1893 loss to lessee $225,792, against profit in 1892
of $440, and losses ol $14,795 in 1891, of $2,517 in 1890 and Of
$229,740 in 1889 —(V. 56,p. 164,332,604; V. 58, p. 81, 556.)
Colebrookdale R a ilro a d .—Road from Pottstown to Barto, Pa„
13 miles. Organized in 1865. Leased to Philadolphia & Reading in
1870. Capital stock is $297,215, of which P. & R. owns $280,050,
which is deposited under railroad collateral trust deed of 1892.
Colum bia & Greenville (S. C.)—Se e S o u t h e r n R a i l w a y C o ,
C olum bus & C incinnati M id lan d .—(See Map Balt, d Ohio.)-jOwns from Columbus, O., Co Midland City, O., 71 miles; trackage to
Columbus, 1*2 miles. In January. 1890, leased for 999 years to Central
Ohio, by which assigned to Baltimore & Ohio. See V. 51, p. 718. The
Baltimore & Ohio assumes the Central Ohio’s guaranty of principal and
interest of the bonds and of 3 per cent per annum, payable semi-an
nually, commencing with Jan. 1,1895, on the preferred, “ unless said
stock be redeemed,” etc. B. & O. owns the common stook. Net in
1892-93, $34,613; interest, $108,892; deficit, $74,279, against deficit
in 1891-92 of $75,773.
C olum bus H o c k in g V alley Jk T o led o.—(See Map.)—Owns
main line from Pomeroy, O., to Walbridge, O., 250 miles, with trackage
(Penn. RR. System) Walbridge to Toledo, 6 miles; branches to Athens,
Nelsonvfile, etc., 73 miles; total, 329 miles; second track, 25 miles.
H is t o r y , &o.—A consolidation in July, 1881, of the Columbus &
Hooking Valley, Columbus & Toledo and Ohio & West Virginia. TJhe
capital stock of $1,500,000 of the Hocking Coal & RR. Co., controlling
10,000 acres of coal lands, was purchased in 1881 for $8,000,000. The
guaranty on Toledo & Ohio Central 5s is disclaimed. V. 53, p. 436,
Suit is in progress against parties formerly in control to recover the
proceeds of sale of $8,000,000 consolidated 5s, claimed to have been
wrongfully diverted from treasury. General Term reversed decision off
56
INVESTORS’
SUPPLEMENT
[V o l . L IX ,
N ovember , 1894.]
BAILROAD
STOCKS
AOT>
BONOS.
97
Subscribers w i ll confer a great favor by g iv in g Im m ediate notice o f any error discovered. In tbese Tables.
RAILROADS.
Bonds—
Prinel
INTEREST FOR DIVIDENDS.
Miles Date Size, or Amount
pal, When Due _
For explanation o f column headings, Ac., see notes of
of
Par
Outstanding Rate Per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Columbus Hocking Talley dt Toledo—(Concluded) —
Ool. A Hook. Vai. 1st mort., Colum. to Athens..o*
76
Col. A Toledo 1st M. (Columbus to Walbridge)..o* 118
Ool. A Tol. 2d mort. (Columbus to Walbridge). ..c 118
Ohio A West Va. lstm ort. (Logan to Pomeroy)..e*
85
Consol, mort., g., on road and Hooking Coal A RR. 325
Gen. mort.,gold,on road A Hocking CoalA RR.Co.c 325
Car trusts...................................................................
Car trust bonds for $1,750,000, gold, see text....
Ohio Land A Ry .Co.purchase money M. ,g. ,see text
Oolumbus Sandusky dt Hocking—Stock................... Ì62
Col. Sh. A Hock. 1st mort. for $5,000,000, gold.c* 115
Equip. M., sub.to caU after’96, ($1,000,000) g.c* 115
Sandusky A Columbus Short Line—1st M., gola.o* 110
Equipment mortgage for $1,000,000...............
Col.“Sand. A H. consol. M., $10,000,000, gold..c*
Zanesville Term’l Co. 1st m. for $500,000, gold.c*
4
Columbus Southern.—lstm tge., $12,500 p.m. gold.
88
Columbus dt Xenia—Stock,825 per cent rental........
55
Concord dt Claremont (N. H .)—1st mortgage........ c
71
Concord dt Montreal—Stock, Class I. (B. C. A M. pf.) . . . .
Stock, Class II (B. C. A M. new)..............................
Stock, Class III. (B. C. A M. old stook)..................
Stock, Class IV. (Concord) $6,000,000 auth. Text ___
Bost, Con. A Mon. improvement mortgage.........c 166
Concord ¿Montreal consol.mort.for$5,500,OOO.c* 262
Conn, dt Possum.—Pref. stock, 5-6 p. c.ren’l,99yrs.c*
1st m ort (White Riv. June, to Canada line) gold.e* 110
Massawippi st’k, guar, same div. as Conn. A Pass.
37
Newport A Richford 1st mort. guar, by C. A P.c*
22
Concord dt Ports.—Stock, 7 p.c. rn’l, 99 yrs. Cono’d ..
47
Connecticut River—Stook ($2,670,000 authorized)..
80
Scrip, redeemable in ten years in cash or bonds..
80
1867 $500Ac. $1,401,000
1875
1,000
2,500,000
1880
1,000
600,000
1880
1,000
1,584,000
1,000
1881
8,000,000
1884
1,000
1,618,000
900,000
1894
1,000
See text.
1894
1,000
1.400.000
(Î)
3.543.000
1890
1,000
1891
1,000
708,000
1891
1,000
3,000,000
1893
139,000
1894
400,932
1,000
1890
1,000
453,000
1,000
1889
1,087,500
50
1,786,200
1894
500,000
100
....
800,000
100
540,400
459,600
100
100
4,184,700
1881
1,000
500,000
1890
1,000
5,000,000
100
2,500,000
1893
1,000
1,900,000
100
400,000
1,000
1881
350,000
100
350,000
100
2,580.000
1893
1,290,000
7
7
7
7
5 g.
6 S’
6 A7
6 g.
6 g.
A.
F.
M.
M.
M.
J.
A
A
A
A
A
A
O. N. Y., Atlantic Trust Co.
A.
do
do
S.
do
do
N.
do
do
S.
do
do
D.
do
do
New York City,
Q .-J .
do
do
J. A J. N. Y., Atlantic Tr. Co.
See text.
5 g. J. A J.
6 g. A. A O. N. Y., Metropol. Tr. Co.
M. A N.
See text.
1*
N. Yy Metropol. Tr. Co.
5 g. F. A A. N. Y., Hatch A Foote.
See text.
5 g. J. A J.
5 1- F. A A. Aug., ’92, coup, last pd.
See text. Q.—M. Columbus, O., Treasurer
4*3 J. A J. Bost., Treasurer’s office.
6
See text.
Q .-F .
6
O.—F.
6
Q .-F .
do
Q .-F .
6
do
6
J. A J. B’ston,Faneuil Hall B’k
4
J. A D. Boston Safe D. A Tr.Co.
5 per an. F. A A. Boston, S. Dep. ATr. Co.
dò
do
4 g. A. A O.
5 per an. F. A A.
do
do
do
do
J. A J.
5
Manchester, N. H.
7 per an. J. A J.
10 p. an. J. A J.
Springfield, Mass.
do
do
4 per an. J. A J.
Oct.
Aug.
Sept.
May
Sept.
June
1,
1,
1,
1,
1,
1,
189?
1905
1900
1910
1931
1904
Apr. 1, 1904
Jân. 1, 1914
Jan. 1, 1940
Apr. 1, 1916
Nov. 1, 1941
Feb, 1, 1944
July 1, 1940
Feb., 1929
Sept., 1894
Jan. 1, 1914
Nov. 1, 1894
Nov. 1, 1894
Nov. 1, 1894
Nov. 1, 1894
Jan. 1, 1911
June 1, 1920
Aug. 1, 1894
Apr. 1, 1943
Aug. 1, 1894
Jan. 1, 1911
July 2, 1894
July 2, 1894
Jam 1, 1903
1ower court and held defendants liable; suit before the court in Sep
C olum bus S o u th e r n .-Completed in 1890 from Columbus, Ga., to
tember, 1894. V. 57, p. 683; V. 58, p. 474, 635.
Albany, Ga., 88 miles. Stock, common, $880,000; preferred, $440,000.
S t o c k s .—Preferred is redeemable at the option of the oompany at Operated by Georgia Midland A Gulf. For year ending June 30,1893,.
gross earnings were $82,229; net, $8,612, agst. $17,034 in 1891-92.
par at any time after three years from its date of issue. V. 54, p. 446.
D i v i d e n d s . —On common stock since 1881: In 1883, 2*3 per cent; in
C olum bus 6c X e n ia .—Owns from Columbus, Ohio, to Xenia, Ohio
1885,1338 in stock; none since. Dividends on preferred: In 1892, 55 miles. Operated as a division of the Little Miami, and is leased for
July, 2*9 per cent; in 1893, 5 p. o.; in 1894, Jan., 2*s p. o.; July, 2 * , p. c. 99 years from December, 1869, in connection with that road, to the Pitts
9
B o n d s —Consolidated mortgage was for $14,500,000, of which $6,- burg Cincinnati Chicago A St. Louis, which pays 8 per cent on stock.
500,000 reserved to meet prior liens; but in 1892 $777,000 consols The lease is guaranteed by the Pennsylvania Railroad Company. The
reserved for 7 per cents due Jan. 1,1892, were canceled, the 7 per cents Columbus & Xenia pays 82r per cent dividend per annum, 2U per cent
having been retired with preferred stock. The Central Trust Company March 10 and September 10 and 2 per cent June 10 and Dec. 10.
is trustee. The general mortgage of 1884 is for $2,000,000.
Concord 6c Clarem ont (N. H .) .—Owns from Concord to Clare
The ear trust bonds are secured on equipment costing over $2,600,- mont, N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H.,
15 miles; leases—Peterboro & Hillsboro RR.. 18 miles; total operated,
000, on which $1,500,000 had been paid in 1894, and they will also
cover $350,000 of new equipment to be purchased with their proceeds. 89 miles. Controlled by Boston & Maine, which, with Boston A Lowell,
The sinking fund will retire about one-tenth of the issue yearly, the guarantees interest under lease of Northern RR. Stock, $412,100. The.7 per cent bonds due Jan. 1,1894, were paid at maturity.
bonds being subject to call at par and interest.
Concord 6c M on treal.—Operates from Nashua, N. H., via Concord,
The Ohio Land dt By. bonds ($1,500,000 authorized, N. Y. Security &
Plymouth, etc., to Groveton and the White Mountains, 564 miles in all.
Trust Co., trustee) are guaranteed principal and interest by the C. H.
V. & T. Ry., and are so endorsed. They cover about 11,000 acres of
O r g a n iz a t io n .—The Concord and the Boston Concord A Montreal
coal lands, and are subject to call for the sinking fund at 110 and ac railroads were consolidated in September, 1889, forming this oompany,
crued interest any Jan. 1 after Jan. 1,1896. Sufficient of the loan is but the constituent companies retain a nominal existence to preserve)
reserved to take up all prior liens.
the legality of certain leases.
G e n e r a l F in a n c e s .— In April, 1894, $1,400,000 6s of Ohio Land &
St o c k .—The Boston Concord A Montrealpreferred ( Class L )is entitled'
Ry. Co. and $1,400,000 oar trust 6s were offered to stockholders at to 6 per cent yearly; the Boston Concord & Montreal new stock (Class/
75. It was said the funding into car trust bonds would reduce the oom- II.), and old stock ( Class III., amounting to $459,600) are entitled t o
any’s annual charges by $200,000. The entire floating debt was to not exceeding 6 per cent yearly out of the saving which results*
e paid with the proceeds of these loans, and a balanoe left in the from the refunding of the funded and floating debt of the Boston
treasury. See V. 58, p. 594. Estimated earnings and charges, 6 mos., Concord & Montreal. The Concord stock (Class TV.) will receive such
to June 30,1894, in V. 59, p. 152.
dividends as may be declared after providing for the dividends on Class I.
Loans and bills payable June 30, ’94, $275,000 agst. $1,553,135 in ’93..
E a r n in g s .— (8 months) (1894, gross, $1,664,492; net, $691,817.
January 1 to Aug. 3 1 .(1893, gross, 2,166,479; net, 897,500.
D i v i d e n d s .—In 1890, on class I. and class TV., 6 per cent; in 1891,6;
in 1892,6; in 1893,6. On Class II. Dec., 1891, 2 percent; in 1892,
A n n u a l R e p o r t .—Fiscal year ends December 31. A n n u al meeting
On
III. in 1893, Nov.,
In
will hereafter be held the third Tuesday in March. Report for 1893 Oct., 3; in 1893, 6. Feb.,class May, l*s; Aug. l*s 1*3 per cent.1*3 p.1894„
1*3;
p. c.; Nov.,
c.
was in V. 58, p. 511. Trafflo is mostly freight, and about 70 per cent of on all four classes,
B on ds , &c.—The consolidated mortgage was authorized t o f u n d
this bituminous coal. The grades have been so reduced that the average
the floating debt, to provide for retirement of prior bonds when due, and;
train load o f freight is very large— 1893, 400 tons.
in
for improvements; $1,570,000 .bonds were so used during 1893-94.
Tear ending Dec. 31—
1890.
1891.
1892.
1893.
On July 1,1894, the $500,000 consols unissued were in possession o f
Gross earnings...................................... $3,056,752 $3,263,554 $3,372,585$3,270,362
mortgage trustee for bonds due 1911.
Net earnings..........................................$1,308,200 $1,415,556 $1,482,141$1,368,930
An
Miscellaneous........................................
32,147
40,371
10,00010,000n u a l R e p o r t .—Fiscal year ends June 30. Report for 1893-94 was
in V. 59, p. 650, showing gross earnings, $2,413,907; net, $691,680; rentals, $76,241; interest, $241,200; dividen(ft, $360,000;
Total receipts............. $1,340,347 $1,455,927 $1,492,141 $1,378,930
account. $14,239.
1892-93
Interest on bonds.______ $977,420 $977,420 $923,030 $923,030 balance, surplus to credit of operating 55, p. 373, 421, 6 7 8In V. 56, p,
net,
(V.
;
Interest on oar trusts, etc.
38,205
60,850
55,782
67,265 gross, $2,509,948; Y. 57,$624,344.938; Y. 59, p. 650.)
82, 205, 463, 668;
p. 7 2 1 ,
Int. to Pa. Co. on lease, Ac.
24,490
24,525
26,804
25,646
Concord 6c P o rtsm o u th .—Owns Portsmouth, N. H., to Manches
Dividend on preferred...
.............................. . (2*3)50,000 (5)100,000
ter, N. H., 40*3 miles, and branch 7 miles. Leased to Conoord RR. in
Balance, surplus............... $300,232 $393,132 $436,525 *$262,989 1862 for 99 years. Lease, rental, $25,000; 7 per cent on stock.
Connecticut 6c P assum pgic.—Owns White River Junotion. Vt.,
* Of this amount $261,514 was spent for construction and equip to Canada Line, 110 m.; leases 999 years Massawippi Valley, 37 m.
ment, Ac., leaving a surplus of $1,475. (V. 56, p. 8 0 ,16 4 , 205, 4 62;
L e a s e .—From January 1, 1887,
leased to the Boston A
V. 57. p. 683,1038; V. 58, p. 474, 5 1 1 , 594, 635; V. 59, p. 152.)
Lowell for 99 years on a basis to pay Connecticut & Passumpsio stock
5 per cent per annum for ten years and 6 percent thereafter. In.
O o l u m h a g S a n d u s k y 6c H o c k i n g R y . —R o a d — Sandusky via
Columbus to Zanesville and southerly to Glouster, Shawnee and October, 1887, the Boston & Lowell, carrying this road, was leased to*
Shawnee Junction, with branches; total, 272 miles, of which 227 Boston A Maine. Stock authorized, $3,000,000; outstanding, as in table.
miles are owned and 45 miles leased.
S e c u r it ie s .—Massawippi stock receives same dividends as stock o l
H is t o r y .— Formed in December, 1893, by consolidation of the San lessee, and $400,000 of it [not included in the amount outstanding!
is pledged as part security for 4s of 1893 [$1,900,000 authorized!
dusky A Columbus Short Line and the Columbus Shaw. & Hocking.
Stock .—Common, $5,000,000. Pref. non-cumulative 5 p.c. $5,000,000. which replaced $1,500,000 of 7s due April 1,1893. (V. 57, p. 1040.)
D i v i d e n d s since 1880—In 1881, 5 per cent; in 1882 and 1883, 6 ; in
B o n d s .— Col. Shaw. & H. first mortgage o f 1890 (trustee, Met. Trust
1884, 5*s; in 1885 and since at
Cm) covers the 115 miles of road from Col. to Shawnee and branches. Average annual net earnings years rate of 5 yearly. See rental above.
1890 to 1892, $219,883.
The Sandusky dt Columbus Short Line first mortgage covers the line
Connecticut R iv e r.—Owns from Springfield, Mass., to Keene, N.
from Columbus to Sandusky; the mortgage is for $3,000,000. Metro
H., 75 miles; branches, 5 miles; total, 80 miles.
politan Trust Co. is trustee of both mortgages.
In Aug., 1894, there were also outstanding oar trust notes of Col.
L e a s e .—Leased for 99 years from Jan. 1, 1893, to the Boston &
Sand. A H., $1,078,250; Col. Shaw. A Hocking real estate 6 per cent Maine, annual rental being $258,000 (equal to 10 per cent per annum
mortgage notes, $200,000, and 6 per cent ooupon notes, $89,000. on present capital stock), payable in semi-annual instalments Jan. 1
For these equipment, real estate and coupon notes consols are reserved. and July 1, and in addition thereto interest on 4 per cent bonds and scrip
The Col. Sandusky dt Hock’g consol, mortgage of 1894 is for $10,- and $2,000 for expenses. Lessee pays all taxes, operating expenses,,
000,000 gold, of whioh sufficient bonds are reserved to retire all out etc., but lessor shall issue its stock or bonds to meet the cost o f per
standing bonds of both the old companies as they mature; $750,000 is anent impro vements.
consols were offeied to security holders at 90 and interest.
D iv i d e n d s 1876 to 1892 inclusive 8 per cent per annum, and now:
Zanesville Terminal Railway is leased for 99 years, and its bonds guar under lease 10 per cent. In January, 1893, paid *3 per cent extra.
anteed as to interest. This Terminal Company paid a dividend of 2 p o.
B o n d s .—In 1893 $1,000,000 bonds were sold to pay floating debt.
in cash in August, 1892, and of 2*s per centin bond scrip in May, 1894.
E a r n in g s .— Earnings are now included in Boston & Maine opera
Stock is $453,000.
tions. In year ending June 30,1892, gross earnings were $1,161,518,
C o u p o n s .— Under terms of consolidation holders of Col. Shaw dt H. against $1,120,645 in 1890-91; net income (applicable to dividends)
first mort. and Sand, dt Col. Short Line first mort. bonds quite generally over rentals, interest, Ac., $206,644, against $236,400 in 1890-91. (v.
agreed to accept in place of cash for their coupons maturing in 1894 55, p. 256, 4 6 1 , 806, 1035,1077, 1110; V. 56, p. 82, 245, 289, 835; V.
bonds o f the consolidated company at 90. July, 1894, interest on 57, p. 510.)
Zanesville Terminal firsts was paid Oct. 1,1894, at Columbus, O.
C onnecting (P h ilad elp h ia ).—Owns from Mantua Junotion to.
E a r n in g s .— From July 1,1892. to June 30,1893 (12 months), gross Frankford Junotion, Pa., 7 miles; total mileage including 2d, 3d, 4th
earnings on 162 miles v ere $768,616; net, $299,524, against $257,160; tracks and sidings, 44 miles. Leased to Philadelphia ¿ T re n to n for
charges, $302,989; deficit for year $3,466.—(V. 57, p. 938 1083.)
' 999 years, and with that road operated by Pennsylvania Railroad,.
38
IN y ESTOJEIS’
SUPPLEMENT
( Voh. LIX,
ItfOVEM
BKR, li
R A IL R O A D
STO CK S
AND
59
BON DS
Subscribers w ill confer a great favor by giving Immediate notice o f any error discovered In tbese Tables.
Bonds—Prmci INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &o., see note* of
Whom.
Dividend.
Road. Bonds Value.
Cent. Payable
on first page of tablés.
'Connecticut River.—( Concluded.)
Bonds, not mortgage, for $1,000,000, gold .
7
Connecting (Phila:)—1st m., gu. p. & i. Pa. RR. en. c
24
Cornwall < Lebanon.—Stock............................
6
24
New 1st mortgage for $800,000............................r
29
Cresson < Olearf. Co. < N. F. Short Route—1st M., g.
6
é
OximberVd&Ohio—So.Div.lstM., p.&i. gu.by L.&N,
Northern Division 1st mortgage,not guaranteed.
"57
Cumberland & Pennsylvania— 1st mort, gold, guar.
Cumberland Valley—Stock ($484,900 is preferred).
82
1st and 2d ms.,'gold (2d $109,500 due Apr, 1908.)
S
x
Danbury & Norwalk—See N e w Y o r k N e w H aven « s H a
aDayton < Mich.—Com. st’k (S^p.o. guar.C.H.&D.)..
ê
Preferred (8 p. c. gnar. C. H. < D.) endorsed......
fe
1st mortgage, guar. p. & i. end by C. H. & D ---- e 142
32
Dayton & Union—lstm ort., sink, fund (notdri
32
37
Dec. Ohesap. < New Orl.—1st M., $20,000 p. m., g.C
g
Delaware—Stock—6 p. c. guar, till 1898, P.W.&B.... i ' ò o
85
1st mortgage, convertible, guar., P. W. & B — o*
General mortgage for $2,000,000, gold............. c* 117
Del. & Bound Br.—Stock—8 p. c. gu. Phila. & Read.
27
1st mortgage..................................................
4
1st mort. on Trenton Br., 2d mort. on main line.
Delaware < Hudson Canal—Stock.............................
£
1st mort. on Pennsylvania Div. ($10,000,000) c&r
Bluff Point Land Improve. Co. 1st M.,gold,guar.o
.
Delaware Lackawanna < Western—Stock.............. &
Con. M. now 1st M on road & equip ($10,000,000) c 288
1893
1864
1891
1884
1891
1856
$1,000 $1,000,000
4 g.
=
1,000
991,000
6
50
800,000 See text.
100 < so.
S
800,000
5
500&C.
750,000
6 g.
300,000
7
800,000
7
1,000
1,000,000
5 g.
50
1,777,850 8 per an.
500 &c.
270,500
8 g.
R T F O R D.
1871
1881
1879
1879
1864
1889
1875
1892
.
1875
1879
1877
1890
1877
M. & S.
M.16&S.
J. « s J.
S
A. & O.
M. & N.
M. & S.
J. & D.
M. « s N.
S
Q .-J .
A. & O.
Boston.
Phila., Penn. RR. Office.
Co.’s off., Lebanon, Pa.
do
do
In default; see text.
N.Y., L.&N., 120 B’way
Sept. 1. 1943
1900-’ l-’2-’3-’4
Feb. 1, 1894
Apr. 1, 1921
May 1, 1904
1898
1899
N. Y.,Consol. Coal Office. May 1, 1921
Phila. & Chambersburg. Oot. 1, 1894
do
do
Apr. 1, 1904-8
50
2,403,243 3*$ p. an. A. & O.
Cincinnati.
50
do
1,211,250 8 per an. Q .-J .
1,000
2,728,000
5
J. « s J N.Y., Kessler & Co., Cin.
S
1,000
J. & D. N.Y., Am. Exoh.Nat.Bk.
225,000
7
1 ( «00
J. & D.
51,000
6
1, 00
S
495,000 6 & 7 J « s J. N. Y., Bank of America.
j ,' 00
S
6 g. J. « s J.
( )
25
2,218,132 6 per an. J. « s J.
S
Dover, Co.’s Office.
0 < sc.
S
535,000
6
J. « s J. Phil., Fid. I.T. & S.D.Co.
S
j,000
4ic g. J. « s J.
S
Philadelphia.
500,000
100
1,800,000 8 per an. Q .-F . Phila., 240 So. Third St.
1,000
F. « s A. Phila., Guar.T.& S.D.Co.
S
1,500,000
7
1,000
300,000
6
M. « s N. Phila., Of., 240 So.3dSt.
S
100 35,000,000 7 per an. Q—Moh. N.Y. Of.,21 CortlandtSt.
l,000&o
do
do
5,000,000
M. « s S.
S
7
do
do
1,000
300,000
4 g. J. & J.
50 26,200,000 7 per an. Q .-J . N. Y., 26 Exchange PL
1,000
M« & S.
do
do
3,067,000
7
1
Oot. 1, 1894
Oot. 2, 1894
Jan. 1, 1911
Dec. 1, 1909
After 1910
Jan. 1, 1905
July 1, 1921
July, 1894
July 1, 1895
July 1, 1932
Nov. 20, 1894
Aug. 1, 1905
Nov. 1, 1899
Sept. 15,1894
Sept. 1, 1917
Jan. 1, 1940
Oot. 20.1894
Sept. 1, 1907
Rental pays interest, taxes and 6 per cent on $1,278.300 capital stock interest on bonds; any surplus of net earnings, after paying rental,
(par $50)—of which $1,277,700 owned by Pennsylvania Railroad. |divided equally between lessee and lessor. In year ending Ootober 81,
1893, gross earnings were $1,389,220; net, $525.739; interest, divi
«Current liabilities Dec. 31,1893, $1,113,139.
C orn w a ll Sc Leban on .—Owns from Lebanon, Pa., to Conewago dends, etc., $212,945; surplus; $312*794,;^g a in s t $105,490 in 1891-92,
D elaw are Sc B o u n d B ro o k .—Owns from Bound Brook (Central
■22 m iles; branches, 2 miles. Dividends, formerly 4 to 4*a per cent
yearly, were in 1*93 6 p. c.; also in 1892-93 paid a special dividend of New Jersey) to Delaware River, 27 mUes; branch to Trenton, etc., 7
o f 13 p. c.; in 1894, Feb., 2 p. c. In year 1892-93 gross earnings were miles. In connection with Central of New Jersey andNorth Pennsylva
46251,956; net, $129,955; interest, etc., $42,738; surplus lor div., $87,- nia forms aline between New York and Philadelphia. In May, 1879, the
217. In 1891-92 gross, $230,664. In Aug., 1893, car trust 6s, $201.000. property was leased for 990 years to Philadelphia & Reading, the lessee
Cresson Sc Clearfield County Sc New Y o r k S h o r t R o u te .— paying Interest and 8 per cent on stock. Rental $275,000. Gross earns,
Owns from Cresson, Pa., to Irvona, Pa., 27 miles, and branch to Rich in 1892, $1,132,441; net, $611,272, against $520,648 in 1891.
land Mines, 2 miles. Leased for 99 years from Jan. 2, 1893, to the
D elaw are & H u d so n —(See Map.)—Owns canal from Rondout.N.Y.x
Pennsylvania RR. Co., which owns $910,150 of the stock. to Hoaesdale, Pa.,108 miles (completed in 1828), and operates railroad
•Coupon due May 1, 1893, was not paid and some of the previous lines extending from Wilkesbarre, Pa., via Albany, N. Y ., to Rouse’s
■coupons are also held against the company. Bought by Pennsylvania Point, on Canada line, with branches, 685 miles in all. The system is
RR. at foreclosure sale early in 1894. The road is operated at well shown on the adjoining map, and inoludes:
cost. Stock, $1,000,000; par, $50. Car trusts due Feb. 1,1900, $90,Lines leased—VSee these cos. M iles.
Lines owned—
Miles.
000. In 1893 gross earnings $79,402; net, $32,469. (V. 55, p. 1078.)
Lackawanna & Susquehanna.'. 22 1 Albany & Susquehanna.......... 142
1
Cum berland Sc O h io.—(See Map Louisville & Nashville.) -Owns Valley RR. of P a..........17
IfNew York & Canada........ ....1 5 0
as follow s-S ou th ern Division, Cumberland & Ohio Junction to Gravity R R ...........................
56 1 Rensselaer & S a ra tog a ........192
1
Greensburg, Ky., 31 miles; Northern Division, Shelbyville to Bloom Schenectady & Mechanicville. 10 UUnionRR................................. 22
field, 27 miles. The Southern Division was leased to L..& N. Sept. 19, VCherry Val. Sharon & Albany 21 Jefferson RR. (trackage).......... 35
1878, for 25 years, and the 7s of 1898 guaranteed principal and inter ITScheneotady & Duanesburg.. 14 Other l i n e s ............................. 4
est. The Northern Division was leased July 28,1879, for 30 years to
the Louisville Cincinnati & Lexington (now Louisville & Nashville), the
Total operated........... ..................... ........................... .................685
net earnings to be applied to interest on bonds and sinking fund. Interest
Also leases Utica Clinton & Binghamton and Rome & Clinton RR.,
■on Northern Div. bonds was in default in 1893. In year 1892-93, net
44 miles, sub-let to New York Ontario & Western.
earnings of Southern Division, $41,137, against $15,635 in 1891-92,
H is t o r y , E tc .—This company was chartered April 7,1823. It is
and pf Northern Div., gross, were $29,021, agst. $26,005 in 1891-92.
C um berland Sc P en n sylvan ia.—Owns from Cumberland, Md., one of the largest miners and carriers o f anthracite coal. See V. 54,
p. 799. Ih June, 1889, the Adirondack Railroad (60 miles) was pur
to Piedmont, Md„ and several branches, 57 miles. Owned and oper
ated by Consolidation Coal Co., which guarantees by endorsement the chased. Of the Rutland Railroad stock D. & H. owns $3,000,000 pref.
and $1,000,000 common; road is leased to Central RR. of Vermont.first mortgage. V- 52, p. 390. Stock, $1,500,000; par, $100.
STOCK.-r-In May, 1894, $5,000,000 stock (making total $35,000,000)
C u m b e r la n d V a lle y .—Owns from Harrisburg, Pa., to Potomao was offered to stockholders at par. Proceeds used to retire $4,829,000
River, Md., 82 miles (and with leased lines operates to Winchester, a debentures due Oct. 1,1894.
total distance of 116 miles). It leases—Cumberland Valley & MartinsD ividends since 1880; In 1881,4!a; in 1882, 7; in 1883,7; in 1884,
burg Railroad, 34 miles; Dillsburg & Mechanicsburg Railroad, 9 miles;
Southern Pennsylvania Railroad, 21 miles; controls Mont Alto Railroad, 7 ; ih 1885, 6; in 1886 and 1887, 5; in 1888, 6; from March, 1883, to
18 miles, but accounts are kept separate; total operated, 165 miles. Deo., 1893, both inclusive, 7 per cent yearly; for 1894 also the rate
has been fixed at 7 p. o., payable 1% per cent quarterly.
New entrance into Harrisburg is proposed.
B onds .—Adirondack Railroad bonds carry the endorsed guarantee
St o c k . —Authorized, $2,000,000; outstanding, $1,292,950 common,
$241,900 first pref. and $243,000 second pref.; of this $975,800 com of the D. & H. as to principal and interest. See that oompany.
The Pennsylvania Division bonds cover coal lands, collieries, rail
mon and $237,200 pre ferred are owned by Pennsylvania R R. Co. Large
roads, canal, equipment and all other property in Pennsylvania.
advances have been made to branch roads.
*
■
A nnual Report .—Fiscal year ends Deo. 31. Annual meeting is held
D ividends .—In 1880 to 1884, 10 per cent yearly; from 1885, to
on the second Tuesday in May. Report for 1893 was in Ch ronicle ,
Oct., 1894, both inclusive, at rate of 8 per cent yearly.
V. 58, p. 343. Coal (anthracite) carried in 1893, 6,177,659 tons,
E a r n in g s .— 9 months.— 51894, gross, $583,985; net, $187,550.
against 6,225,296 tons in 1892.
January 1 to Sept. 30. <1893, gross, 665,679; net, 179,236. .
1892.
1893.
Fear ending Dec. 31. 1890.
1891.
In year 1893 gross main line were $792,467; net, $188,353;
interest paid on bonds, $21,640; dividends paid (8 p. c.), $142,228; Receipts from coal. $7,800,207 $8,335,010 $9,629,333 $9,939,648
Railroads............. 10,670,732 10,062,324 10,356,443 10,212,412
balance, surplus, $24,485. In 1892 gross, $845,073; net, $228,629.
452,765
520,258
Miscellaneous.......
911,968
' 711,869
ayton Sc M ic h ig a n .—Owns Dayton, O., to Toledo Juno.. O., 141
T ota l..................$19,382,907 $19,109,203 $20,438,541 $20,672,318
miles, and leases Deshler to Findlay, 11 miles. Trackage (Lake
Operating expenses. 13,303,234 13,511,776 13,977,757 14,050,131
Shore) into Toledo, l ^ miles.
L ease.—Leased May 1,1863, in perpetuity to Cincinnati Hamilton <s
S
N e t..................... $6,079,673 $5,597,427 $6,460,784 $6,622,187
Dayton. Rental is the interest and sinking fund of debt, and 8 per
Int., taxes & rentals. 3,511,333 3,393,377 3,425,320 3,407,637
cent on preferred stock and 3*2 per cent on common.
Se c u r it ie s .—Guaranty on preferred is secured by mortgage of 1871
Balance for stock. $2,568,340 $2,204,050 $3,035,464 $3,214,550
but the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 is held alive under mortg. of 1881, which is therefore a first lien. —(Y. 56. p. 16 3, 2 8 6 ; Y. 58, p, 2 2 2 , 263, 343, 550, 595, 636, 773,
815,1034.)
E a r n in g s .—Profit to lessee in 1887-8, $363,933; in 1888-9, $348,D elaw are L a ck a w a n n a Sc W e ste rn .—(See Map).—Road—
■068; in 1889-90, $379,494; in 1890-91, $392,365; in 1891-92, $386,400.
Gross earnings in year ending June 30,1893 (including Troy & Piqua Operates main line from Jersey City, N. J., opposite New York City, to
branch, 8 miles), were $1,859,547; net, $712,118; surplus over interest Buffalo, N. Y., 409 miles, with branches to coal region, eto., 491 nules.
The system, as clearly indicated on aooompanying map, inoludes:
a nd dividends, $393,870. Current liabilities July 1,1893, $921,086.
Lines leased—
Miles.
Lines owned—
Miles.
D a y t o n Sc U n io n .—Owns from Dodson, O., to Union City, Ind..
3 2 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47 miles, N. J. State line to N.Y. line ....1 1 5 ^Syracuse Bing. Sc N. Y. . . . . . . . . 81
Br’nohestoN’rthumberl’nd,«Sso. 97 ijutioaChenango & S u s q ....... 97
Operated by Cleveland Cincinnati Chicago & St. Louis, which, jointly
Lines leased—
ITValleyRR.of N. Y . . . . . . . . . . . . 12
with the Cincinnati Hamilton & Dayton, owns the capital stock. All
18
surplus earnings over interest goes to a sinking fund for the redemption ITMorris & Essex.........................120 ITWarren.............................
of; bonds at not above 100. Capital stock, $86,300. For year ending 1TN.Y. Lackawanna & Western. 214 Sussex, &o.................................. 77
ITCayuga & Susquehanna— .. 34
-June 30,1894, gross, $136,926; net, $59,420; surplus over charges,
Total operated..................... 900
Oswego & Syracuse............... 35
■$26,684. Bonds redeemed, $2,000. In year ending Oct. 31, 1893, IT
IT See these companies for terms of leases, etc.
grpss, $151,346; net, $73,648, agst. $73,833 in 1891-92; taxes, $3,469;
surplus over interest on incomes, $37,362.
H isto r y , E tc .—This is one of the most important of the anthracite
D ayton Sc W este rn .—Owns from Dayton, O., to State line, Ind., ooal roads. Original oompany chartered in 1849; present title
37 miles, and leases 4 miles to Richmond, Ind. Leased from January 1, assumed in 1853. Its leased lines are mostly held under long
1865, for 99 years, renewable forever, to Little Miami, and so operated leases, and the system is compact. In 1894 representatives o f the
by Pittsb. Cin. Chic. & St Louis. These companies are virtual owners Vanderbilts entered the directory. See V. 57, p. 721.
and answerable for all obligations. Of bonds $32,000 are 7s.
D ivid en ds since 1880—In 1881, 6 % ; In 1882,1883 and 1684,8; in
1885,7%; from 1886 to Oct., 1894, both inclusive, at rate of 7 pot cent
liecatu r Chesapeake & N. O.—See March, 1894, S u p p l e m e n t .
per annum.
D elaw are.—Owns from Delaware J unction (Phila.Wilmington & Bal
G en eral F inances .—On Deo. 31,1893, aooounts receivable (Includ
timore), Del., to Delmar (Maryland line), 95 miles; brandies, 22 miles.
Leased till 1897 to the Philadelphia Wilmington & Baltimore, ing cash and coal on hand, &o.) were $8,309,192, against $9,189,258
*
which owns $1,181,325 of (¡he stock. Rental, 6 per cent on stock and Deo. 31,1892; accounts payable, $6,563,553, against $8,854,475.
D
INVESTORS’
SUPPLEMENT.
[Vol. l i x ,
N ovember , 1894. J
RAILROAD
STOCKS AND
61
BONDS
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount
of
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
For explanation of column headings, Sec., see notes of
Dividend.
Road. Bonds Value.
Whom.
Cent. Payable
on first page of tables.
Delaware Maryland A Virginia—Stock.....................
Junction & B.—1st m. to State, red. aft. Jan. ’ 95.. *44
44
Junction & Breakwater 2d mortgage................. c*
19
Break. & Frank. 1st m. to State, red. aft. Jan.’95.
35
Worcester RR. 1st. M. (s.f. notinoperat’n) gold.c*
48
Delaware Sus.A S. Il. Jl.—M. bonds ($1,500,000) g.c*
„Denver Leadville A Gunnison—1st M., gold...c*<sr ....
Denver A Bio Grande—Stock.com., ($45,500,000) .
Pref. stock, 5 per cent non-cum. ($28,000,000)...
1st mort. $1,000 gold or £206 sinking fund. .o*&r 295
1st consol, mortgage (for $42,000,000) gold.o*&r 1,621
Improvement Mort. ($5,000 per mile) gold.. .c*&r 1,621
Des Moines A Fort Dodge—Common stock................
1st M. Des M. to Ft. Dod ge, Series A, int. guar. ,er d.
1st mort., Series B, income, int. guaranteed, end..
1st mort. on extern, Tara to Ruthven, int. guar..
1st M. funding and imp. ($2,000,000), gold..e*&r
Des Moines No. A West.—Stock ($15,000,600 auth.)
1st mortgage, gold ($18,500 per mile)................ 0
Des Moines Vnion—1st M. for $800,000, gold...... 0*
Detroit Bay City A Alp.—Stock ($2,000,000 auth.)..
1st mortgage, gold................................................0*
Detroit Grand Haven A Mil.—1st equip. M. gu — c*
Consol, mort., guar, by Gr. Trunk of Can..........0*
D etroit Hillsdale A S. W.—St’k,4 p. c. rent’l,L.S.&MS.
Detroit Lansing A Northern—Stock, common..........
Ionia & Lansing 1st M.,extended in 1889,guar. 0*
D. L. & N. consol, mort. (1st mort.on 167 m.)... c*
Saginaw & West. 1st M., gold, guar.,endorsed..0*
Gr.R. L. A D .ls tM ., ($26,000p.m.) endorsed..0*
88
88
56
112
112
150
3
189
189
65
55
222
43
55
$25
1860
1879
i.ö ö ö
1874
1876 500 &o.
1894
1,000
100
___
100
1871 500 &o.
1886 500 &c.
500
1888
100
100
1874
1,000
1874
1,000
1,000
1881
100
1892
1,000
100
1892
1,000
1,000
1887
100
1883
1,000
1878
1,000
1878 200 &o.
....
100
100
....
100
1869
1,000
1877 50Ó &c.
1883
1,000
1887
1,000
E arnings .—T he leased lines in New York State for 3 months ending
Sept. 30,1894, had surplus over charges, of $593,028, against $480,659
In 1893. Por 12 months ending June 30, 1894, had surplus over
•charges of $1,434,826, against $2,199,462 in 1892-93.
ANNUAL R epo r t .—Fiscal year ends Dec. 31. Annual meeting is held
•on the Tuesday preceding the last Friday in February. The report for
1893, with balanoe sheet, was in Ch ronicle , Y. 58, p. 177.
Tear end. Dec. 31.
1890.
1891.
1892.
1893.
Total grossreceipts.$40,688,645 $41,849,754 $46,226,283 $48,790,973
Operating expenses.. 32,499,859 33,894,519 37,781,880 £
gg^ 572
121,474
464,540 ;
240,019
Betterments, &e.
$526,758
185,000
250,000
200,000
400,000
600,000
2,308,000
38,000,000
23,650,000
6,382,500
28,650,000
8,103,500
4,283,100
763,500
1,200,000
1,200,000
672.000
800.000
(6
4.200.000
2.770.000
552,000
1.670.000
2.500.000
2,000,000
3,200,000
1,350,000
1,825,600
2,510,000
770,000
2,672,000
566,000
1,108,000
3
4
3
4 g.
6 g.
4-Hjg.
J.
F.
J.
A.
A.
M.
&
&
&
&
&
&
J. Phila.,233 So.Fourth St.
A.
do
do
J.
do
do
O.
do
do
O. Philadel., Co.’s Office.
New York.
N.
Jan. 1, 1932
Feb., 1899
Jan. 1, 1932
April, 1896
April 1,1909
Nov. 1, 1918
See text.
Office, 47 Wm. St., N. Y.
See text.
7 g. M. & N. N. Y., Fourth Nat. Bank. Nov. 1, 1900
Jan. 1, 1936
do
do
4 g. J. & J.
June 1, 1928
do
do
5 g- J. & D.
Aug. 1, 1894
4
J. & J. N.Y.,Chic.R. I. & Pao. Co. Jan. 1, 19Co
June 1, 1905
do
do
2 is J. & J.
June 1, 1905
do
do
4
J. & J.
Jan. 1, 1932
5 g. J. & J.
4 to 5 g.
«
5 g6 g.
6
6
4 per an.
J. & J.
M. & N.
J.
A.
A.
J.
F.
F.
5
J.
J.
7
6 g. J.
M.
5
&
&
&
&
&
&
&
&
&
&
J.
O.
O.
J.
A.
A.
J.
J.
J.
S.
Jan. 1, 1932
Nov. 1, 1917
See text.
Jan., ’93, last coup. p’d. Jan. 1, 1913
( N.Y.Ag’eyBk. Com.,) Nov. 14,1918
) Canada & London. 5 Nov. 15,1918
N. Y., Farm. L. & Tr. Co. July 5. 1894
Feb. 15, 1887
Feb. 15, 1888
July f , 1899
See text.
Jan. 1, 1907
do
July 1, 1913
do
Sept. 1, 1927
do
In default.
N. Y., Central Trust.
1892.
Interest on bonds...................... $1,986,675
Taxes and insurance................
362,127
240,000
Betterments................................
Miscellaneous.............................
269,989
Di vidend on preferred stock....
Nil.
1893.
$1,986,675
352,088
240.000
109,065
473.000
1894.
$1,993,873
347,227
85,030
$929,309
$87,663
Balance, surplus....................... $914,113
—(V. 56, p. 42, 205 ; V. 57, p. 59, 3 9 6 , 4 2 1 . 422, 4 2 3 , 683, 721, 763,
938,1039; V. 58, p. 1072; V. 59, p. 234, 3 9 6 , 4 2 0 , 4 2 4 , 697.)
D ee M o in e s Sc P o rt D odge.—Owns Des Moines to Fort Dodge
Total expenses... $32,739,878 $34,016,065 $38,246,420 $40,537,572 la., 87 miles, and Tara to Ruthven, 56 m iles; traokage, Illinois Central
.Net receipts............. 7,948,767 7,833,689
7,979,863 8,253.401 Tara to Fort Dodge Junction. Leased Jan. 1,1887, to Chi. Rook Island
Interest and rentals. 5*328,494 5,418,226
5,366,406 5,360,490 & Pac. for 18 years at rental of 30 per cent of gross earnings, with a
guarantee of 4 per cent interest on the first mortgage and extension
Balance, surplus.... $2,620,273 $2,415,463 $2,613,457 $2,892,911 bonds, and 212 per cent per annum on the incomes. D ividen ds .—On
Dividends (7 p. c ) ... 1,834,000 1,834,000
1,834,000 1,834,000 preferred in 1893, Aug., 2 p. 0.; 1894, Aug., 4 p. c. Rental in year
1892-93 was $142,077 (of which $104,880 required for interest on
Balance after divs...
$786,273
$581,463
$779,457 $1,058,911 bonds), against $143,432 in 1891-92.
— (V. 55, p. 257, 806; V. 56, p. 163, 793; V. 57, p. 299, 721, 854; V. 58,
D es M o in e s Sc K a n s a s C ity .—Des Moines,la., to Cainsville, Mo.,
ip. 177, 306, 345, 817; V. 59, p. 234, 600, 651, 835, 879.)
112 miles, 3-foot gauge. Foreclosed in 1887. Under the mortgage for
D elaw are M arylan d Sc V irg in ia .—Owns from Harrington to $2,000,000 (Massachusetts Safe Deposit Co., trustee), $480,000 bonds
Rehoboth, Del., 44 miles; Georgetown to Franklin City, Va., 54 miles; are pledged as collateral for notes given for new equipment, repairs,
total, 98 miles. Controlled by Philadelphia Wilmington & Baltimore, etc.—the authorized issue is $8,000 per mile on narrow gauge, $16,009
and so by Pennsylvania Railroad. See V. 50, p. 498. In 1892-93 per mile on broad gauge road. V. 55, p. 297. In year 1892-93 gross
net earns,, $45,340; surplus, $3,703, against deficit, $15,978 in 1891-92. earnings, $117,744; net, $10,554; against $7,077 in 1891-92; charges,
D enver lieadville Sc G u n n ison .—See Supplem ent of Sept., ’94# $4,184. Stock held by President, M. V. B. Edgerly, as Trustee. Current
D elaw are Susquehanna & S ch u y lk ill.—Owns main line , liabilities Jan. 1,1893, $638,509. (Y. 55, p. 297.)
from Drifton, Pa., to Gowen, Pa., 31 miles ; branches, 17 miles; total j D es M oines N orthern Sc W e ste rn .—Owns from Des Moines to
owned, 48 miles. Trackage—Lehigh Valley RR., 133 miles; other ; Fonda, Iowa, 115 miles, and from Clive (7 miles from Des Moines) to
trackage, 2 miles; total operated, 183 miles. Chartered April 14, Boone, 35 miles; total, 150 miles—all standard. A consolidation of
1 8 9 0 ; opened Feb. 15,1892. D ividends on stock are not paid at any Jan. 1,1892. The bonds bear 4 per cent interest till Jan. 1,1897; there
stated period. Oct. 18,1892, a dividend of 40 p. o. (The first) was paid after 5 per cent. Mortgage trustee is the Metropolitan Trust Co., N. Y.
In cash; Nov. 25,1893, 20 p. c. in cash and 50 p. 0. in stock was pa id;
In August, 1894, a controlling interest was acquired by Chicago Mil.
:Sept. 26,1894, 26^3 p. c. in cash. Stock authorized and outstanding & St. Paul, which will operate the road separately. V. 59, p. 228.
$1,500,000 ; par, $50. Mortgage trustee is Trust Co. of North Ameri
Road was ordered sold in foreclosure Nov. 17,1894.
ca , Philadelphia. Fiscal year ends June 30.
E arnings .—In year 1893 gross $397,778; net $119,020, against
Denver Sc R io G rande.—(See Map)—R oad —The lines of this
company, well shown on the adjoining map, reach all the important $141,800 in 1892; deficit under charges in 1893, $6,939. (V. 59, p.
738, 879.)
points in Colorado, while its standard gauge line from Denver via Pueblo
westerly, via Leadville and Rifle Creek, forms a link in the trans
D es M o in e s U n io n .—A terminal road, 5 miles in length, In Des
continental route to Ogden, Salt Lake City, &o. Its total mileage Moines. Leased to Wabash RR., Chicago Great Western and Des Moines
m ainline June 30,1894 (including Rio Grande Junction RR., etc., 62 N. & W. Rental equal to expenses and fixed charges paid monthly by
miles leased and 18 miles owned but leased to Rio Grande Western), lessees on wheelage basis. Stock authorized, $2,000,000; outstanding,
was 1,632 miles, of which 682 miles was standard or laid with a third $466,000—par $100. Due on real estate Feb.l, 1894, $54,775.
va il; 2d track and sidings 357 miles, of which 257 m. standard or 3-rail.
D e tr o it R a y C ity Sc A lp e n a .—Owns from Alger, on Miohigan Cen
H is t o r y .—Reorganization of a railway company of same name fore
Mud Lake
closed July 12,1886. The Rio Grande Junction is leased jointly by tral, to Alpena, 105 miles; Loon Lake Branch, 32 m.;224 miles. Branch,
38 m.; other branches, 49 miles; total Jan. 1,1893,
Muoh of
this company and the Colorado Midland, and its bonds guaranteed.
the branch line mileage is temporary, built only to bring out lumber.
D ivid en ds .—On preferred stock: In 1887,2*« per ct.; in 1888,3% ; in
F oreclosure Sa le . -O ct. 26, 1893, D. M. Dickinson was made re
1889, nil; in 1890, 2%; in 1891, Feb., 2 ^ p. c.; then none till 1893, ceiver. Road was sold in foreclosure
for $1,000,000, to
when in Feb. 1 p. c. was paid and May 1 p. c.; in Aug, none. See below. representatives o f the bondholders. ANov. 8,1894,the bonds has been
majority of
B onds .—Coupons of the first mortgage sevens are payable at option of deposited with Drexel, Morgan & Co. who will reorganize the property.
bolder either in N. Y. City $35 U. S. gold, in London, £7 4s. 5d. sterling»
B onds , E tc .—Loans and bills payable Jan. 1,1893, were $120,396.
•or in Amsterdam 86 florins, all free of U. S. taxes. Of the first con
solidated gold bonds (United States Trust Co., trustee) $6,382,500 were July, 1893, coupons were not paid. See V. 57, p. 255.
E arnings .—Nov. 1,1893, to June 30,1894 (8 months), gross $168,reserved to retire the first sevens when due, and they can be issued at
such rates of interest up to 7 p. c. as will retire said bonds. Upon pay 520; net, $80,269, this being under the receivership. From Jan. 1 to
ment of the first 7s the first consols will be a first lien on all the prop Sept. 30 (9 months), in 1893 gross, $324,918, against $272,255 in
erty, as they are now on about 1,300 miles of road and all the equip 1892; net, $147,585, against $85,600. In 1892 gross earnings, $351.ment. Consols for $6,900,000 are also reserved for extension to Ogden, 706; net, $95,566; interest on bonds, $150,000; balanoe, deficit,
I f deemed advisable. Those unissued may be used with the consent of $54,494. In 1891 gross, $417,674; net, $132,819. (V. 51, p. 113; V.
a majority of the preferred stock for extensions at not exceeding 52, p. 3 2 0 ; V. 55, p. 995; V. 57, p. 468,72); V. 59, p. 651,697, 835.)
^20,000 per mile. See abstract of mortgage in Chronicle , V. 47, p. 228.
D etroit G rand H v en
ilw a k
Detroit,
The improvement mortgage (U. S. Trust Co., trustee), is issued on the Mich., to Grand Haven,aMich., Sc Mmiles. u A ee .—Owns from Septem
189
of
property covered by the consolidated mortgage, and so covers all the ber, 1878. The bonds are guaranteed by the reorganizationof Canada.
Grand Trunk
company's property, following immediately after the consolidated. Stock, $1,500,000; par, $50. Real estate mortgages, $226,000.
Mortgage abstract in Chronicle , V. 47, p. 229.
E arnings .—9 months, ) 1894.............gross, $750,610; net, $98,520
G en eral F inances .—On June 30, 1894, the company held in its
Jan. 1 to Sept. 30.
51893............ gross, 844,375; net, 136,933
treasury stocks and bonds valued at $1,503,711, for the acquisition of
a part of which it owed $150,000. There was no other floating debt. Gross earnings in 1893, $1,112,722; net, $187,114; deficit under in
terest. etc., $177,083—advanced by Grand Trunk Ry.
The “ special renewal fund” held $437,647.
L atest E arnings.—From July 1 to Sept. 30 (3 months):
D etroit H illsd ale Sc Southw estern.—Owns from Ypsilanti,
c
3 Months. Oross earnings. Net earnings.
Interest, etc.
Balance. Mich., to Bankers, Mich., 65 miles. Successor to Detroit Hillsdale S
1894.......... $1,736,708
$732,825
$607,173 sur.$125,652 Indiana, foreclosed Jan. 28,1875. Leased in perpetuity from July 1,
1893..........
1,542,007
511,772
603,555
def. 91,783 1881, to the Lake Shore & Miohigan Southern Co.; the rental is $54,006
A nnual R eport.—Fiscal year now ends June 30. Annual meeting per year—4 per cent. In year 1893 gross $42,208, agst. $44,937 in 1892.
is held at Denver the third Tuesday in October. Full report for
Detroit L an sin g & N orthern.—Owns from Grand Trunk Junc
year 1893-94 was in V. 59, p. 3 9 6 , 426, 424.
tion, Mich., to Howard City, Mich., 157 miles; branches—Stanton Junc
tion to Big Rapids, Mich., 63 miles; Belding Branch, 1 ^ miles; total
Year ending June 30—
1892.
1893.
1894.
owned, 222 miles. Leases: Grand Trunk Junction to Detroit, etc., 13
Average miles operated............ 1,640
1,646
1,654
Gross earnings........... ............... $8,830,947
$9,317,647
$6,476,044 miles; Lansing to North Lansing, 1 m ile; Saginaw & Western RR.—
Net earnings................................ 3,709,354
4,035,562
2,503,493 Alma to Howard City, 43 miles; Grand Rapids Lansing & Detroit Rail
Other income..............................
63,550
54,575
10,300 road-G rand Rapids to Grand Ledge, 53 miles, and branch, 2 miles;
total, 334 mil38; also operates Saginaw Valley & St. Louis, 45 miles,
3,772,904
2,513,793 and pays interest on its debt, but reports earnings separately.
Total net income.
4,090,137
INVESTORS’
SUPPLEMENT.
Vol. LIX,
N ovember , 1894.]
RAILROAD
STOCKS
AND
BONDS,
Subscribers w i ll confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds—
Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,^When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
of
Par
For explanation o f column headings, &e., see notes of
Whom.
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Dover dt Rockaway—Stock 6 p. c., rental 999 years.
1st mortgage....................................................- .......
Dubuque dt Sunix City—Stock.....................................
General mortgage for $3,000,000, g o ld ..........c&r
Iowa Falls & Sioux City 1st M., Ia. F. to S. City..
Cher & Dak and Cedar Rap. & Chic. 1st morts...
Duluth dt Iron Ranger—1st mortgage................. c&r
Income certificates........ . ........................... V - - Dululh Missabe dt Northern—1st mortgage, gold...
1st consol, mortgage, $3,500,000, g o ld ................
Dul. Red Wing dtSo.—1st M.,g.,$20,000 per mile.e*&r
Duluth South Sh.dt Atlantic—Marq.H.&On.Gen.M.c*
Duluth South Shore & Atlan., 1stmort., gold, .c&r
First consol, mort., gold, interest guar.......c*&r
Inc. certs. ($3,000,000 held by C. Pac. Jan., ’94)
Duluth Transfer—1st mortgage for $2,000,000---Duluth dt W innipeg—1st M.for$7,000,000,gold..c*
Dul.& Winn.Ter.Co. 1st M.,$250,000,g.,guar.p.& i.
D unkirk Alleyh. Val. dt Pittsburg—1st mort., gold..c
2d and 3d mortgages ($200,000 only are 3d M.).c
Durham dt Northern Ry.—Stock................................
First mortgage........................................................
Hast Broad Top—1st mortgage................................ r
East Pennsylvania—Stock 6 p.o gu.999 yrs.PhiL&R.
IstM., gold, guar. p.&i. by Phil. & Read, (end.) .c*
East St. Louis dt Carondelet R y.—Stock...... ............
First mortgage........................... ..........................c
East Shore Terminal—1st mortgage, g old ........... c*
Funded coupon scrip (1st and consol, mortgages)
2d M. ($300,000), g., red. at 105 &int. any M.&S.
East Tenn. Virgin, dt Ga — (S e e S o u t h . R t . C o .)—
Cincinnati Extension Collat. Tr., gold................ c*
5
524
143
184
197
149
...
25
156
366
580
20
100
90
90
42
30
36
36
$100
1,000
100
1888 l.OOO&c
1869 5Ö0 &c.
1888
1887 l,ÖÖÖ&c
1881
1892
1893
1888
1885
1887
1890
1892
1891
1889
1892
1870
1872
1888
1873
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
....
1872
1890
1894
1892
1,000
50
1,000
100
1,000
1,000
Text.
1,000
....
1890
1,000
1888
A. & O. N. % 143 Liberty st.
6
$140,000
do
do
6
J. & J.
35,000
N. Y., Office, 214 B’way.
8,000,000 See text.
do
do
2,231,000
5 g. J. & D
do
do
A. & O.
7
See text.
do
do
5
J. & D.
3,930,000
A. & O. N. Y., Office, Mills Bldg.
5
5,758,000
6
3,500,000.
J. & J.
6
1,200,000
J. & J. N. Y., Ceiitral Trust Co.
6
(Î)
500,000
5 g. J. & J. N. Y., Central Trust Co.
A. & O. N. Y., Third Nat. Bank.
6
1,400,000
do
do
4,000,000
5 g. J. & J.
4 g. F. & A. New York or London.
14,600,000
New York.
4
3,000,000
875,000
6 g. J. & J. N. Y., Metropol. Tr. Co.
2,000,000
5 g. J. & J. Jan., ’93, coup, lastpd.
250,000
6 g. J. & J. Jan., ’93, coup, last pd.
2,000,000
7 g. J. & D. N. Y., N. Y. Cent.& Hud.
do
do
A. & O.
7
900,000
290,000 See text.
M. & N.
6
150,000
J. & J. Jan., ’85, int’st last pd.
4
500,000
6
J. & J. Phil., Phil. A Read. RR.
1,730,450
do
do
495,000
4 g. M. & S.
420,000
A. & 0.
7
200,000
See text.
1,000,000
5 g. F. & A.
Text.
166,480
See text.
8 g. M. & S.
277,000
6,000,000
July 1 9 ,1894&
June 1, 1938
Oct. 1, 1917
Deo. 1, 1935
Oct. 1, 1937
Jan. 1, 1922'
Jan. 1, 1928Jan. 1, 1928
Apr. 1, 1925
Jan. 1, 1937
Aug. 1, 1990
Deo. 31, 1912’
Jan., 1921
July 1, 1929
July 1, 1922
June 1, 1900
O ct 1, 1900
Nov., 1928
July 1, 1903
July, 1894
Mch. 1, 1958
Oot. 1. 1897
Aug. 1, 1915
Mch. 1, 1902
5 g. F. & A. Feb., ’93, coup, last pd. Feb. 1, 1940
B onds , E tc .—On Jan. 1, 1894, current liabilities exceeded assets lines, 124 miles; traokage. 18: total, 596 miles. Connects with Cana
by $417,338. Friends of the company purchased the July, 1893, dian Pacific.
coupons. The Sept. ,’93, coupons of the G. R. Lan. & Detroit were also
Organ ization , &c.—In July, 1888, a controlling interest in this
urchased, see V. 57, p. 22, but coupons due in January, 1894, went to company’s stock was sold to Canadian Pacific parties. The Marquette
efault. Plan of reorganization presented in March, 1894, and given Houghton & Ontonagon was sold in 1890, except its franchise, to thein V. 58, p. 474, provides for $6,500,000 50-year 4s, dated July 1, Duluth South Shore & Atlantic, which assumed its debt.
1894, and $1,808,394 non-cum. first preferred stook, entitled to 6 per
Ca it a Stock .—
$10,000,
cent if earned, ahead of the present preferred. Old securities receive : 000;p parlboth $100.Common stook is $12,000,000 ; preferred, Canadian
Preferred stook is 6 per cent, non-cum.
New 4s. 1stp ref. st’k. Pacific Jan .l, 1894, owned $6,100,000 com. and $5,100,000 pref. stock.
$50000 B onds, &c.—Car trust 6s, Dec., 1893, $184,115, due in instalments,,
Detroit Lansing & Northern 7s.............................. $1,000
Grand Rapids Lansing & Detroit 5s....................... 1,000
16667
Saginaw & Western 6s ............................................. 1,000
¡'33 33last maturing Nov. 7,1895. Abstract first mortgage, V. 45, p. 274.
The first consolidated mortgage of 1890 has interest at 4 per cent,
Saginaw Val. & St. L. 8s .......................................... 1,000
200 00
Saginaw & Gd. Rapids stock.................................. 1,000
200 » 0 guaranteed by Canadian Pacific, which Jan. 1,1894, held the entireoutstanding issue [$14,600,000] in its treasury as security for its 4 p. c..
All unpaid coupons, including those of July’l , 1894, will receive new
4s at par. Ionia & Lansing firsts are not disturbed. In July, 1894, debenture stock; consols for $5,400,000 are reserved for prior bonds
and additional amounts may be issued at $20,000 per mile of new lines
about % of the bonds were said to have assented to the plan.
E arnings .—From January 1 to Oct. 31, 1894 (10 months!, gross.
L atest E arnings .—From Jan. 1 to Sept. 30 (9 months.)
$1,440,188, against $1,828,194 in 1893.
9 mos.
Gross earn'gs. Net earn'gs. Interest, dte
Balance.
For year ending Dec. 31, 1893, gross $2,072,848; net, $555,247;
$134,553
$269,578
def. $135,025
1894.................. $802,101
1893..................
903,185
171,317
236,492
def. 65,175 other income, $16,065; interest charges, $870,167; balance, deficit,.
$298,855. In 1892 gross $2,249,194; balance, deficit, $68,437.—(Y.
A n nual R e p o r t .—Report for 1893 was in V. 58, p. 865.
55, p. 765,1110; V. 57, p. 979.)
Tear end. Dec. 31.
1890.
1891.
1892.
t 1893.
D u lu th T ran sfer.—Mileage of road in June,’94, was 20 miles. TheTotal gross earnings. $1,219,663 $1,254,100 $1,265,572 $1,205,093
mortgage for $2,000,000 is to the Metropolitan Trust Co. of New York,
Net over exp. & taxes.
392,797
375,446
341,502
234,306
Interest paid.............
318,633
316,587
314,909
328,036 as trustee, and provides for bonds at $50,000 per mile for road between
Balance...................... sur. 74,164 sur. 58,859 sur. 26,593 def. 93,730 Ironton and Lake Avenue, Duluth, at $20,000 for additional single
track, at $13,200 for double track; and
Def. 8. V. & St. L. RR.
Profit.
19.149
16,907
13,559 depot grounds, depot in Duluth, wharves, for $750,000 for bonds for
freight houses, etc. Stock
Total deficit from operating S. V. & St. L. to Dec. 31,1893, $138,234. authorized
$2,000,000; par $100. The Duluth & Super
—(V. 56, p. 6 3 7 ; V. 57, p. 22, 298,1039,1122;V. 58,p. 3 0 3 ,4 7 4 , 865.) ior Belt hasand outstanding,to extend the system to Superior, Wis.
been organized
D o v e r Sc R o c k a w a y . - (See Map Central RR. o f N. J.)—Owns
D u lu th Sc W in n ip e g .—Owns road completed in 1892 from New
Port Oram to Rockaway, N. J., 5 miles. Leased to Central of N. J. in
Deer River, Minnesota, 100 miles, and leases
April, 1881, for 999 years at 6 per cent on stook and bonds, taxes, etc. Duluth to Ry., 12 miles. In February, ’93, control was Superior Belt &
Terminal
acquired in in
D n b n q n e Sc S io n x C ity .—Owns from Dubuque, Iowa, to Iowa terest of Canadian Pacific. V. 56, p.245. Stock —authorized—common,
Falls, 143 miles ; Iowa Falls to Sioux City, 184 miles; Manchester to $3,000,000; pref., 5 p. c.. non-cum., $2,000,000. On October 12,1894».
Cedar Rapids, 42 miles; Onawa, Iowa, to Sioux Falls, Dakota, 155 miles; William F. Fitch, of the Duluth South Shore & Atlantic, was appointed
total owned, 524 miles. Also leases Cedar Falls & Minnesota, 76 miles. receiver, pending foreclosure of the mortgage.—V. 59, p. 697.
L ea se , E tc .—In April, 1887, a controlling interest in stock was
B onds .—Trustee of mortgage for $7,000,000 is the Guar. Trust Ss
w as sold to Illinois Central which Co. in February, 1891, leased the Safe Deposit Co. of Philadelphia. E arnings .—In the fiscal year ending
r o a d ; rental is net earnings and lease terminable on 60 days notice. June 30,1893, gross earnings were $226,188; net over expenses and
V. 52, p. 350. A suit to annul the lease of the Cedar Falls & Minnesota taxes, $94,173. (V. 55, p. 297; V. 57, p. 979; V. 59, p. 697.)
RR. has been appealed to U. S. Supreme Court.
D u n k irk A lleg h en y V alley Sc P ittsb u rg .—Owns from Dun
Sto ck and B onds .—The Illinois Central Railroad Company July 1,
1893, owned $7,917,800 stock and $1,731,000 5 per cents; also all the kirk, N. Y. to Ti1usvilie, Pa., 91 miles. Leased for 400 years from 1873
Cherokee & Dakota and Cedar Rapids & Chicago 5s, due in 1935, which to N. Y. Central & Hudson River RR., but accounts are kept separate.
^
are pledged as part security for its 4 per cents of 1952. Iowa Falls Rental is interest on bonds and l 1 per cent on stock. Capital, $1,300,and Sioux City mortgage is for $2,800,000, of which $460,500 July 1, 000; par, $100. The N. Y. Central & Hudson River Co. owns $1,067,600of the stock. In year ending June 30, 1893, gross, $306,382; net»
1893, held in the Dubuque & Sioux City treasury. Dub. & S. C. firsts
fo r $586,000 were paid at maturity, July 1,1894, and will be refunded. $65,347.
D u rh a m Sc N orthern R y .—Road from Henderson to Durham»
D ividends —In 1888, ^ of 1 per cent; in 1891, 2; In 1892, about I5 of
1 p. c.; in ’93, Jan., l ’i p. e.; July, none; in ’94, Jan. lp .c .; July, 1*2 p. c. N. C., 42 miles. Chartered in 1887 and forms part of the ‘ Seaboard
Air Line” system. Capital stock authorized $500,000. Dividends in
E arnings .—In year ending June 30,1894, on 600 miles (incl. Cedar year 1892-93 amounted to 2 p. 0.
F. & Minn.), gross. $2,538,923; net,.$876,329; other income, $6,730;
E arnings .—For year ending June 30, 1893, gross, $57,052; net,
rent of C. F. & Minn., $113,370; int. on debt, $517,-‘35; dividends
p. c.) $199,990; bal. surplus for year_$51,864. In 1892-93, gross $2,- $19,578; interest, $9,000; dividends (2 p. c.), $5,802; balance, surplus,
$4,776. In 1891-92, gross, $48,220; net. $15,790.
548,768; net, $732,914. (V. 57, p. 5 4 6 ; V.;58, p. 773; V. 59, p 191.)
Jast R roa d T o p R R . Sc Coal Co. (P a.)—Owns from Moun*
D u lu t h Sc I r o n R a n g e .—Owns Duluth to Ely, Minn., 116 miles,
2 Union, fa., to Woodvale, Pa., 31 miles, and leases branches to
with branches to Mesaba Range Mines, etc., 45 miles. Also owns ore
mines, 14 miles; total, 45 miles. A co 1 road opened in 1874. The
dooks, shops and yards on Lake Superior costing over $1,500,000.
stock is $815,589 (par $50), of which $247,189 is 6 p. c. preferred.
Sto c k , E tc .—Stock authorized, $3,000,000; outstanding. $500,000;
E arnings .—For year ending June 30, 1893, gross, $111,676; net»
par $100. Land grant from Minnesota about 506,000 acres, of which
about 184,000 acres had been patented to it priorto June 17,1893. See $19,240; surplus over charges, $9,248.
V. 51, p. 875. The Minn. Iron Co. owns the stock, the $3,500,000 6
P ast P en n sy lv an ia .—Owns double track from Reading, Pa., to
p. 0. income certificates and $400,000 bonds. The bonds are author
36 miles. Leased for 999
1,1869, to the
ized at the rate of $25,000 per mile for construction and $7,000 for Allentown, Pa.,Reading RR. at a rental of years from May annum on the
Philadelphia &
6 per cent per
equipment, the Metropolitan Trust Company of New York being trustee. stock and interest on the bonds. Of the stock $887,750 was deposited
Earnings .—In 1893 gross $1,202,865; net, $611,906; interest by the lessee under its collateral trust of 1893.
$255,564; rentals, $1,890; interest earned on loans, $24,208; balance,
L ou is Sc
surplus, $378,660; int. paid on inc. certifs. $210,000. Total surplus to East St. Springs and Carondelet R y .—Road from East St. Louis
Falling
East Carondelet, .12 miles. Stock authorized,
Dee. 31,1893, $1,477,239. In 1892 gross, $1,547,476; net, $853,631.
In 1891 gross, $1,154,129; net, $618,321. President. J. L. Greatsinger, $500,000, of which Penn. Co, owns $303,100.
E arnings .—For year ending Dec. 31, 1893, gross, $86,824, net,
Duluth.—(V. 56, p. 330,332,1015; V. 5 7 ,p. 723; Y. 58, p. 389.)
$8,029; interest and other charges, $30,965; balance, deficit, $22,936.
D u lu th M issabe Sc N orthern.—Owns from Duluth to Mountain Total surplus Dec. 31, 1893, $14,729.
Iron, Minn., 73 miles; branches, 47 miles; total, 120 miles. In Septem
Past Shore T e r m in a l.—R oad .—Owns terminal road in Charles
ber, 1893, control of this road was obtained by the Lake Superior Con
with 60 pound steel.
solidated Iron Mines, with a capital of $30,000,000. I a year 1892-93, ton, S. C., 3 miles double track laid Warehouses, about 30 acres’ o f
Company also owns 14 wharves, 30
on 76 miles, gross $90,363; deficit from operating $74,140.
land, 4 cotton compresses, etc., on the city’s water front, these being
D u lu th R ed W in g Sc Southern.—Projected from Duluth via connected by its own road with the other railroads entering the city.
Red Wing, Minn., and Sioux City, Iowa, to a point opposite Omaha.
S e c u r it ie s .—Stock authorized, $5,000,000; outstanding, $1,120,000.
Neb. In operation from Red Wing, southerly to Zumbrota, 25 mil s; In 1894 four first mortg’e coupons (Feb. 1894, to Sept., 1895, inclusive)
branches, 3 miles. Stock, $375,000, of which $125,000 is preferred and six consol, coupons (Sept., 1893, to March, 1896, inclusive, were
Trustee of mortgage is Central Trust Company. In year 1892-93 gross funded into 5 per cent scrip.
$71,032; net, $28,454. President T. B. Sheldon. (V. 56, p. 403.)
Operations .—Net earns, for year end. March 31,1894, $44,528; isu
D u lu th South Shore Sc A tla n tic.—Operates Duluth to Sault 1893 about $65,000.
President, Samuel D. Davis, 40 Wall Street, New York.
Ste. Marie, 411 miles; “ Soo” Junction to St. Ignace, 43 miles; other
S
f
INVESTORS’
SUPPLEMENT.
[Vol. LIK.
N ovem ber , 18941
RAILROAD
STOCKS
AK D
BONDS.
6 9
r
Subscribers w ill confer a great favor by g iv in g im m ediate notiee o f any error discovered in these Tables.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When DueAmount
of
of
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
East Tenn. d Western N. Oar—Stock................
k
$50
$510,900
firs t mortgage.............................. ..................
1871
250,000
M. & N. Phila. Gu. T. A S. D. Co. Nov. 1, 1895'
East d West RR.—Stock (owned by E. Kelly.).
k
....
100
1,500,000
Eastern Kentucky Ry.—Stock ($1,697,800 is r
—
100
3,447,300
Eastern (N. H .)—Stock.
16
....
100
738,750 3 per an. J. & D. Boston, by Treasurer. June 15,1893
Bel River—
Stock, 21 to 3 p. c., gnar. by Wabash...
«
94
100
3,000,000 2 Aperan A. A O, Boston, by Treasurer. Oct. 5, 1894
Blain Joliet d Eastern—1st M. ($10,000,000) gold.e’ 177 1891
k
1,000
6,079,000
5 g. M. A N. N. Y., Drexel, M. A Co, May 1, 1941
Elizabethtown Lex. d B t
k
A O hi O.
Elmira Cortland d Norti m —1st pref. M., gold ..cJ 120 1884
k
1,000
750,000
6 g- A. A O. N. Y., 192 Broadway. Apr. 1, 1914
1st mortgage, gold
120 1884
1,000
1,250,000
do
do
Apr. 1, 1914
5 g- A. & O.
Elmira < Lake Ontario—Sodus Bay &So.—1st M.,
6
34 1884
1,000
500,000
l-.g-t
« per an. J. & N. N. Y., Nat. Bank Corn. July 1, 1924
5 g- M. A J. Phila., Penn. RR. Co.
Elmira d Williamsport—St’k, com., 5 p. c. ren’l., N.C. 751
k
«
50
500,000 5
Nov. 1, 1894
50
751
2
er an. J. A J.
500,000
do
do
July 2, 1894
751« I860
1,000
6
1,000,000
J. A J.
do
do
Jan. 1, 1910
Income bonds, 999 years to run........................ e*
1863
500
570,000
5
A. A O.
do
do
Oct. 1, 2862
..
Erie < Ritts.—Stock, 7 p. o. rental,999 yrs.,PennCo.
6
85
50
1,998,400
cran. Q .-M . N. Y., Union Trust Co. Sept. 1 0,1 8 9 4
81 1868
1,000
7
2,109,000
J. A J.
do
do
July 1, 1898
81 1870
1,000
511,000
7
A. & O.
do
do
Oct. 1, 1900
General mort., $4,500,000 series A, gold, guar...
81 1890
1,000
775,000
do
do
4 g. J. & J.
July 1, 1940
Eureka Springs—1st mortgage, gold...................... c
19 1883
1,000
500,000
P. A A. N. Y., Mercantile Tr. Co. Feb. 1, 1933
2d mortgage income bonds, non-cum..................... ___
1883
500
500,000
I 8- Feb’y 1. 92-3 pd. 3)6; ’93-4 none. Feb. 1, 1933
Evansville d Indianapolis—T. H. & Southe.lst M.e
k
40 1879
1,000
251,000
7
M. A S. N. Y., Farm. L. ATr. Co. Sept. 1, 1903
Evansville & Indianapolis 1st mort.. gold,guar..o
55 1884
1,000
653,000
do
do
July 1, 1924
g g- J. & J.
Con.M. ($2.500.000) g. ,gu.p.<fci. (end.)Ev. AT.H.o’ 135 1886
1,000
1,596,000
J. A J.
do
do
Jan. 1, 1926
6 gEvansv. d Richm’d—West’n Div. 1st mort., gold.c’
k
80 1888
1,000
91,000
M. A S. Sep.,’93,coup, last paid. Sept. 1, 1928
K g1st gen. M., $12,500 p.m.,g.,guar.p. &i. (end.)..c
112 1891
1,000
1,309,000
5 g. M. A 8 . Sep.,’93,coup. last paid. Sept. 1, 1931
Evansville < Terre Haute—Stock ($4,000,000)..........
6
50
3,996,683
See text N. Y., Farm. L. & Tr. Co. Aug. 1, 1893
Consolidated mortgage (now 1st lien), gold........
115 1880
30,000
do
do
July 1, 1910
6 g- J. A J.
1st consolidated mortgage, gold.........................c*
144 1881
1,000
3,000,000
do
do
July 1, 1921
6 g- J. A J.
Mt. Vernon Branch mortgage, gold...................o'*
25 1883
1,000
375,000
A. & O.
do
do
Apr. 1, 1923
6 gSullivan County Coal branch mortgage, gold.. o*
30 1890
1,000
450,000
A. A O.
do
do
Apr. 1, 1930
î g.
1st general mortgage for $7,000,000, gold.......c* 199 1892
1,000
2,040,000
do
do
5 g* A. A O.
Apr. 1, 1942
B ast Tennessee V irg in ia Sc G eorgia.—See Southern R t . Co .
The Cincinnati Extension bonds of 1890 are secured by pledge of Ala
bama Great Southern first preferred “ A” stock, £340,000; ordinary “ B’
stock £783,010; and Cin. N. O. & Tex. Pac. Ry. stock $500,100. Default
occurred Aug., 1893, and the bonds were exoluded from the Richmond
Terminal reorganization plan of Feb., 1894. In Mar., 1894, Cincinnati
H. & Dayton parties acquired Baron Erlanger’s bonds. In September,
1894, the minority bondholders sold their bonds to the Southern Ry.
Co. Suit for the sale of the collateral for the Cincinnati Extension
bonds is now pending in the courts. See V. 59, p. 472.
Bondholders’ oommittee: George Coppell, Frederic Taylor, James
Swann and John Greenough, 20 Wall St., New York. See abstract of
mortgage, V. 52, p. 83.
(V. 55, p. 21, 255, 938; V. 56, p. 206, 874; V. 57, p. 763; V. 58, p
127, 636; V. 59, p. 70,115, 879.)
B ast Tennessee S c W estern N orth C aro lin a.—A narrow
gauge road from Johnson City, Tenn., to Cranberry, N. C., 34 miles,
opened in 1882 Mortgage Trustee is Guaranty Trust A Safe Deposit
Co. o f Philadelphia.
In year 1893-94 gross, $365,026 against $419,188 in 1893; net, $93,“
502, against $121,668; interest on preferred mortgage, etc., $46,400;
rentals, etc., $18,000; surplus, $29,102, against $57,268. (V. 57. n
5 9 5 ; V. 59, p. 4 2 2 .)
E lm ira Sc Lake O ntario.—Owns from Canandaigua, N. Y., to
Chemung Junction, 64 miles; Sodus Point to Stanley, 34 miles; other 2
—total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
A Southern and other railroads. Leased at cost of operating to the
Northern Central, which owns all the $1.500,000 stock. Lease may
be terminated on thirty days’ notice. In 1893 gross earn. $668,385: net,.
$36,681; interest, $25,000; other charges, $21,980.
E lm ira Sc W illia m sp o rt.—Owns from Williamsport, Pa., to El
mira, N. Y., 75 ^ miles. Leased to the Northern Central Rail
way for 999 years from May 1,1863, at a rental o f $151,500 per annum
after January 1,1880. The dividends on the common stock are 5 per
cent and on the preferred 7 per cent, less taxes, making dividend on
common 4-58 p. o. and on preferred 6-38 p. o. Gross earnings in 1393»
$1,065,116, against $1,135,940 in 1892; net, $315,882, against $332,3 2 6 ; rental, $169,002.
E a r n in g s .— f o r y e a r 1 8 9 3 , gross, $ 5 2 ,2 2 5 ; n e t, $ 1 ,7 8 3 ; in te re s t
ch a rg es , $ 1 5 ,5 0 5 ; b a la n c e d e ficit f o r y ea r, $ 1 3 ,7 2 2 .
E r ie Sc P it t s b u r g .—Owns New Castle,Pa., to Girard, Pa., 81 miles;
B ast Sc W e s t R a ilro a d .—CartersvHle, Ga., to Pell City, Ala., 117 branch, to Erie Docks, 3 miles; trackage, to Erie, 17 miles; total
miles; branch, 2 miles. Formerly the East < West RR. o f Alabama, operated, 101 miles. Leased to the Pennsylvania Railroad for 999
6
sold in foreclosure May 29,1893. (V. 56, p. 923.) The present company years from March 1, 1870, at a rental of 7 per cent on stook and?
was incorporated under laws of Alabama Jan. 11, 1894. No bonds interest on the bonds, and the lease transferred to the Pennsylvania
issued. President, Eugene Kelly, New York. In year ending June 30, Company. Under the general mortgage sufficient bonds are reserved)
1893, gross earnings of old company $110,530; net, $5,915. In 1891- to retire prior bonds when due. The lease has been quite unprofitable
92 gross, $128,030; net, $11,821. (V. 55, p. 938; V. 56, p. 463, 923.) to the lessees, the deficiency being in 1889. $290,734: in 1890, $267,705c
in 1891, $201,724; in 1892, $206,430; in 1893, $188.216.
E a s te r n K e n tu c k y R y .—Road from Riverton to Webbville, Ky.,
36 miles. Chartered in 1866 and opened through in 1889. Stock is
E ureka Springs.—Seligman, Mo., to Eureka Springs, Ark., 181
*
common $1.779,500; preferred $1,697,800. There are no bonds. Bills miles. Stock, $500,000: par, $100. In year 1892-93 gross, $88,247;
and accounts payable June 30,1894, $56,148. Earnings for year end net, $47,051, against $43,807; interest, $45,000; other, $3,301.
ing June 30,1893, gross, $56,871; net, $7,506; other income, $2,100.
Evansville Sc In d ia n a p o lis.—Owns Evansville to Terre Haute»
Eastern (N . H .)—Owns from Portsmouth, N. H., to Seabrook
(Massachusetts State Line). 16 miles. Leased to the Eastern RR. (now Ind. (via Worthington), 138 miles; branch 6 m .; leases branch, 12 m.
consolidated with Boston & Maine) from October 1,1878, for 60 years
H is t o r y , E tc . —A consolidation in October, 1885, of the EvanviUe A
and 2 months at $22,500 per year. In June, 1891, a stock dividend of 50
Indianapolis, the Evansville Washington A Brazil and the Terre
per cent was paid. Dividends since increase, 3 per cent per annum.
Haute A Southeastern RRs. Of the consols $904,000 are reserved t o
E el R iv e r.—Owns from Logansport, Ind., to Butler, Ind., 94 miles. meet prior liens. The consols, and the bonds of 1924 are guaranteed by
Foreclosed July 6,1877. Leased for 99 years, April 1,1887, renewable Evansv. & Terre Haute., which owns entire capital stock, $2,000,000.
forever, to Wabash, at 2 per cent yearly on the stock till April, 1892,
L atest E arnings.—From Jan. 1 to O ct 3 1,1 8 9 4 (10 months), gross»
then 2i® till 1895 and 3 per cent thereafter. In June, 1894, W. O.
$229,910. against $307,128 in 1893. In year 1893-94 gross, $310,880;
Johnson was appointed receiver—(V. 58, p. 716,1110.)
E lg in J oliet S c Eastern .—(See Map)—Owns from Waukegan HI., net, $102,535; other inoome, $7,739; ehar7es and taxes, $193,813; bal
on Lake Miohigan, via Spaulding and Joliet, to Porter, Ind., ance deficit, $83,539. In year 1892-93 gross, $391,629; net. $185,051;
130 miles, and branches Normantown to Aurora, 9 miles—Walker to Cos other inoome, $11,080; fixed charges, $184,830; surplus, $11,301. (V.
ter, 111.—3 2 miles; other, 11 miles; total, 182 miles. Another ielt line 54, p. 119.)
affording facilities at Chicago for transfer if freight from one line to
E van sville Sc R i c h m o n d .- Owns Elnora to Westport, Ind., 102
another without breaking bulk. Also reaches coal fields. In 1894
trackage to navigable water of Lake Michigan was secured by 99-year miles, and coal spurs 10 miles. Projected to Riohmond, 65 miles.
contracts with L. N. A. & hicago from Dyer, Ind., to Illinois State line
R e c e iv e r sh ip .—On Feb. 28,1894, Col. James Montgomery of Evans
(near Hammond), 10 miles, and with Chicago & W. Ind. from there to ville, Ind., was appointed receiver, and interest due Maroh 1 was not
South Chicago, 5 miles, where the company has purchased extensive paid. In July, 1894, the court held Evansv. & T. H. liable for its guar
terminal property on Calumet River, including 1,255 feet of water front. anteed interest on the Evansv. & R. 1st gen. mort. 5s. V. 59, p. 116.
Sto ck .—Stock, $6,000,000; par, $100.
B ondholders ’ A greem en t .—Under the agreement of April 19»
B onds , E tc .— First mortgage (trustees Central Trust Co. and J. M. 1894, $1,143,000 bonds have been deposited with Harvey Fisk & Sons,
Butler) is for $10,000,000; the balance unissued oan be disposed of for and suit to enforce the guarantee of Evans. & T. H. on these bonds is
extensions, betterments, etc. Equip, notes June 30,1894, $236,862.
pending. The plan of consolidation with Indiana Stone RR. & Quarries
Loans and bills payable, $287,520.
Co., etc. (see V. 59, p. 182), has been abandoned. Y. 59, p. 472.
E a r n in g s .—3 m o s., ) 1 8 9 4 .................. gross, $ 2 5 7 ,6 1 8 ; n e t, $ 6 8 ,3 1 6
Stock and B onds .— Evansville & Terre Haute guaranteed the princi
July 1 to Sept. 30. 5 1893................. gross, 219,880; net, 63,446
pal and interest of the general mortgage 5s and owns the entire oapital
A n n ual R epo r t .—Fiscal year ends June 30. Report for 1893-94 stook of $1,500,000. See E. < T. H Co. The authorized issue of these
fe
was given in full in V. 59, p. 471, 475. The property has be«-n fully bonds is $2,000,000, of which |$91,000 held to retire a like amount o f
maintained during the year, $99,310 having been spent for “ mainten Western Division gold 5s.
ance o f way’’ against $94,091 in 1892-93, and $109,26« for “ mainten
E vrnings.—From Jan. 1 to Oct. 31,1894 (10 months), gross $89,535»
ance of equipment ” against $101,804.
against $109.785 in 1893. For year ending June 30, 1893, gross»
Year end. June 30. 1890-91.
1891-92.
1892-93.
1893-94.
$146,505; net, $49,378; deficit under charges $42,752. See V. 54, p.
Tons carried 1 mile...................... 101,572,866 126,824,946 137,983,578 366,587,643; V. 58, p. 382, 430, 904; V. 59, p. 116,182, 472.
Av. rate p. ton perm.
............
$0-0076
$0-0068
$0 0072
E van sville Sc Terre H a u te .—The system includes:
G ro ss e a r n in g s ..........
$ 6 3 1 ,2 8 2
$ 8 1 5 ,1 3 4
$ 9 2 0 ,0 3 2 $ 1 ,0 2 0 ,3 2 6
Road owned and operated. Miles. Controlled—op. separately. Miles»
Expenses and; taxes.
435,449
547,932
677,674
699.865
Evansville to Terre Haute.. 109 Evansville A Indianapolis^
Branohes to Mt. Vernon, etc.
52
Evansville to Terre Haute
Net earnings.......
$195,833
$267,202
$242,358
$320,461
5
via Worthington, eto.......... 156
Fixed charges...........
239,350
278,900
289,084
303,950 Evansville Belt (stook held).
------- , Leased to other co.’s RookTotal in earnings................ 166 1 ville extension....................
2$
Balance........
def.$43,517 def.$ll,698 def.$46,726 sur!$16,5ll
President, Samuel Spencer, N. Y. (V. 55, p. 6 7 7 ; V. 57, p. 7 1 9 ; V.
O rganization , E tc .—Formerly Evansville & Crawfords ville RR. Has
59, p. 191, 4 7 1 , 4 7 o.)
elose traffic ion tract with Chicago A Eastern Illinois for route to Chicago.
E lm ir a Cortland S c N orthern.—Owns Elmira, N. Y., to CauastoSto c k .—In November, 1893, stock was increased from $3,000,000 to
ta, N. Y., 1 1 9 m., and leases during corporate existence, Canastota North $4,000,000, and “ scrip dividend” equal to one-third of their holdings
ern, Canastota to Camden. N. Y., 21 m. Stook $ 2 ,0 0 0 ,0 0 0 ; par, $ 1 0 0 .
was offered to stockholders, such scrip to be convertible into hew stock
on payment of $20 per share (par, $50).
E a r n i n g s — From July 1 to Sept. 3 0 , 3 months—
J 8 9 4 .................gross, $122,456; net, $55,973; surplus over 5 $25,116
D ivid en ds since 1880.—In 1881,4 1 per cen t; in 1884, 5; in 1885»
«
18 9 3 .................gross, 107,045; net, 40,867;
charges. ( 19,«78
3 ; in 1886,4; from 1887 to 1890, inclusive, 5 per cent per annum; ip.
BiYESTORS’
SUPPLEMENT.
[VOL. LIZ.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables*
Bmuls—Princi
INTEREST OR DIVIDENDS.
pal,When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on first page of tables.
6 g. M. & N. N. Y., Farm. L. &Tr. Co. May T, 1900
$775,000
49 1870 $1,000
Evansville Terre H. < Chic.—1st M., g.,tnt. guar.-C
&
do
Jan. 1, 1900
do
325,000
1,000
49 1872
6 g- J. & J.
2d mortgage, gold, int. guar, by Ch. & E. Ill— o*
do
May 1, 1920
do
M. & N.
6
150,000
1881
Incomes.................................................. v •v -„via*•s
M. & N. Phila., Fidelity Trust. May 1, 1898
6
530,000
1,000
1883
F all Brook—Cor. Cow. & Antrim deb., red. at lOO.c“
'
May, 1922
M. & N.
6
320,000
1888
iFarmville <t Powhatan— mort. for $550,000---1st
July 25,1923
F. & A.
6
500,000
1889
Second mortgage for $500,000, incomes........... .
1,150,000
1894
1,000
5 g- J. & J. N. Y., Mercan.Trust Co. Jan. 1,1945
Findlay Fort Wayne «6 W. Railway—1st M. gold, .c*
do
Jan. 1,1945
do
Sept. 1.
5
800,000
1,000
1894
2d mortgage, [income, non-cum., gold..................r
7,000,000
100
FUchburg—(jommon stock........ .................. .............
July 16,1894
Boston, Office.
17,000,000 See text. J. & J.
100
Pref. 4 per cent stock, non-cum..............................
do
do
Oct. 1, 1897
A. & O.
6
500,000
1,000
1877
do
do
Var.’99tol908
Various
5
4,500,000
’79-’88 1,000
Bonds,$500,000 yr’ly/OOto1903 incl., bal.1908.0
Meh. 1, 1899
do
do
M. & S.
5
750,000
1889
B on ds...»................ - ....... .......................................
do
Feb. 1, 1937
do
5,000,000 3*2 to 4 F. & A.
1887
Bonds to State of Mass. (3*2 p. c. int. till Feb., ’97)
Sept. 1, 1897
do
do
43« M. & S.
2,250,000
1,000
1887
Bonds................................ -................................. 0&r
June 1, 1900
do
do
J. & D.
5
500,000
1,000
1890
Bonds................................................... .....................
1904-5-7
do
do
Various
4
2,500,000
’ 84-’87 1,000
Bonds ($1,500,000 due 1907, interest A. & O)—
June 1, 1920
do
do
J. & D.
4
500,000
1,000
1890
Bonds..........- ...........................................................c
Various, 1903
do
do
Semi-an
5
1,876,000
1,000
1893
Bonds for $2,500,000 (See text.)...........................
May. 1, 1914
do
do
412 M. & N.
500,000
1894
Bonds.............-............................ .............................
July 1, 1895
do
do
3 & 6 J. & J.
153,000
1875
Boston Barre & Gardner 2d & 3d mortgages.......
July 1, 1924
do
do
J. & J.
7
577,000
1,000
35 1874
Troy & Boston 1st mort. (Y. 53, p. 405).................
Sept. 1, 1913
M. & S. N. Y., Kountze Bros.
5
1,364,000
1,000
1883
Bos. Hoosac Tun. & W. deben., subject to call, .c*
J. & J. Boston, Fitchburg RR. July 1, ‘96-’98
6
800,000
76-’78 500 &c.
Cheshire RR. plain bonds, $550,000 due 1898..e*
Dec. 1, 1911
do
do
J. & D.
5
100,000
Brookline & Pepperell plain bonds, guar, (end)..
See text.
6,342,000 See text. F. & A. East Sag., Mich., Treas.
100
71. dt PereM ar.—Vt. stk., non-cum(for $6,500,000)..
J. & J. N. Y., Merchants’ N.Bk. Jan. 1, 1901
8
1,000,000
1,000
65 1871
Holly Wayne & Monroe 1st mortgage, assumed, c
A. & O. N. Y.. Mer. Ex. Nat. Bk. Oct. 1, 1920
3,999,000
6 g.
1,000
Flint & Pere Marq’tte mortgage 6s of 1920, gold.c 281 1880
May 1, 1939
do
do
5 g. M. & N.
1,810,000
1,000
Consol. M.,(for $10,000,000) $20,000 p. m., g.o* 395 1889
Oct. 1, 1899
do
do
A. & O.
7
104,000
Port Huron & Northwestern—1st mortgage...... c 216 1879
Apr. 1, 1939
do
do
3,125,000
1,000
5 g. A. & O.
F. &P. M. IstM. PortH. Div. ($3,500,000),gold.o'" 235 1889
Boston. Intem’l Tr. Co. N ov.l,’94to’97
M. & N.
5
160,000
1,000
1887
Equipm’t bonds, $40,000 due annually Nov. l . o ’ —
RAILROADS.
54 miles; branches, 71 miles; Monadnock Railroad, 16 miles; total
owned, 372 miles; leases—Vermont & Mass. RR. (which see), Fitchburg
to Greenfield, 56 m iles; other, 22 miles; total leased, 78 miles; total
June 30,1893,450 miles, of which 162 miles double track. Extension
Brookline to Milford, 7 miles, to be completed in October, 1894.
Organization.—On Oct. 1,1890, consolidated with the Cheshire Rail
road and on October 1,1892, with the Boston Hoosac Tunnel & W., the
Troy Saratoga & Northern and the Monadnock.
Stock—The State of Massachusetts owns $5,000,000 of the common
stock. The preferred stook is entitled to 4 per cent dividends, then
common and preferred receive dividends share and share alike. In
year 1892-93 the preferred stock was increased from $1§,498,000
to $17,000,000 for consolidation—see also above.
Dividends.—On preferred : In 1887 and in 1888, 2 ; in 1889, nil; in
1890,2; in ’ 91,
; i n ’92 and’93, each 4 ; ’ 94, Jan., 2 p.c.; July, l p .c .
Bonds.—
There are also $51,000 plain 4s o f 1893 due March 1,1903;
$48,000 Monadnock Railroad 5 per cent bonds due July 1,1897; and
a 41 p. c. mort. note of the H. T. D. & E. Co. for $500,000 due April 5,
4
1895. For Vermont & Mass, guaranteed securities see that company.
General Finances.—On Sept. 30, 1894, there were outstanding
loans and bills payable amounting to $170,000.
.
■
„
In Sept., 1893, bonds for $2,500,000 were authorized for refunding
bonds due in April, 1894, and for funding floating debt; of these $2,376,000 had been issued in June, 1894. V. 57, p. 510, 547. In October,
1894, authorized $2,000,000 bonds.
E arnings.—
Cross
Net
Other
Fixed
Balance,
July 1 to Sept. 30. earnings, earnings, income, charges.
surplus.
1
---------H i
1894.................... $1,894,424 $687,087 $14,580 $378,833 $323,333
536,378
14,692
381,737
169,333
1893............. .
1,824,441
A nnual R epo r t .—Fiscal year ends June 30. The annual report for
1893-94 was in Chronicle V. 59, p. 512.
Year ending June 30.
1891.
1892.
1893.
1894.
Total miles operated.......
436
436
450
450
$461,841 Total gross earnings.......$6,851,002 $7,348,805 $7,707,298 $6,865,155
$332,415 Op. expenses and taxes.. 5,133,465 5,336,778 5,7o8,472 5,038,169
1 8 9 1,7 ; iu 1892, 7 per cent cash and 5 per cent in general mortgage
bonds; in 1893,7 1 p. o. cash, see also “ stock” above.
«
Bonds, Guakanties, Etc.—Evansville & Richmond bonds for $1,400»
000 were guaranteed, but default was made on March 1,1894. In July>
1894, the Court held the E. & T. H. liable under said guarantee. V. 59»
® 116 The Evansville & Terre Haute endorsed Peoria Decatur & E.
notes for $475,000. Certain Evansville & Indianapolis bonds are also
¡guaranteed. There were car trust notes June 30, 1894, for $368,218.
The Ev. & T. Haute general mortgage covers 182 miles of road owned
and $3,500,000 of stock of proprietary roads, having a mileage of 277
miles. Of the authorized issue $3,855,000 are held intrust to retire the
prior bonds at maturity, the mortgage providing that the prior liens
nhn.ii he paid and not extended. A sufficient amount is also held to
retire the car trust notes. In February, 1894, $226,000 additional
bonds were issued for terminals* equipment, floating debt, etc.
General Finances.—An important change in the directory took
plaoe in Oct., 1893, when D. J. Mackey resigned as president and direc
tor. Capital stock was issued to pay the floating debt—see above.
The road has beeii operated at an abnormally low rate (about 50 per
cent), and has paid large dividends, but it is understood that the pres
ent management will be more conservative. In 1893 4,000 acres of
-coal lands in Sullivan County, Indiana, were bought.
Latest Earnings.—Jan. 1 to Oct. 31, 1894 (10 months), gross,
$914,564, against $1,112,159 in 1893. From July 1 to Sept. 30,1893 (3
months), gross, $387,719, against $376,177 in 1892; net, $207,469,
agst. $213,649; surplus over charges, $126,119, agst. $148,840 m 1892.
A nnual R eport.—Fiscal year ends June 30. Annual meeting at
Evansville third Monday in Oct. Report for 1893-94 in V. 59, p. 694.
Year ending June 30—
1892.
1893.
1894.
Total miles operated........ .
165
165
lb o
Gross earrdngs.. . . ____. . . . . . . $1,225,413
$1,285,672
$1,159,937
Net e a S g s g! ........
607 777
- 589,908
448,683
O t i e r S m e - ; . . . : : : .............
100,233
46,651
13,158
Total net incom e........... Interest on debt, etc..............
Dividends. . . . _______
$708,010
$231,346
180,000
$636,559
$277,487
300,000
Balance, surplus..................... $296,664
$59,072
$129,426
—<V 56 P.165. Y. 57, p. 144,179,422,468,556,722,808,1037,1039,
1122; V. 58, p. 382,383,430,866; V. 59, p. 116, 6 9 4 , 697, 738.)
E van sville Terre H au te & C hicago.—Owns from Terre Haute
Junction. Ind., to Danville, 111., 49 miles; leases to Terre Haute 6 miles
and Indiana Block Coal Road, 15 miles. On April 30,1880, leased to
the Chic. & East. 111. for 999 years; terms, $75,000 per annum and pay
ment of all rentals and taxes. Stock, $581,370, of which $4/3,700
ow ned by Ch. & East. 111., which guar. int. on 1st and 2d mortgages.
a ll B r o o k R a ilw a y .—Owns from Coming, N. Y., to Antrim,
Pa., 53 miles; branch to Harrison Valley, Pa., 33 miles; Fall Brook
branch, 7 miles; leases Syracuse Geneva & Coming Ry., Coming, N. Y.,
to Geneva, N. Y., 58 miles, and branch, 6 miles; and Pine Creek Ry.,
Stokesdale Junction to Newberry Juno., Pa., 75 miles; total, 232 miles.
History, E tc.—Formerly Coming Cowanesque & Antrim. Name
changed July 1,1892, and stook increased to $5,000,000, of which
$500 000 p ref—par, $50. See V. 55, p. 21. Dividends paid quarterly,
March 31, etc. The ooal line of Phila. & Reading and New York Central
is over the road of this company, which jointly with said companies
guarantees the bonds of the Pine Or. RR. Co. See C, C, & A., V. 58, p. 430.
E arnings.—In year ending June 30,1894, gross on 93 miles. $643,O ii- net. $218,710; net, ino. other income, $429,029; taxes, etc., $33,104- dividends
p. o on preferred and 6 p.o. on common), $305,000;
balai ce, surplus, $90,925. In 1892-93 gross, $777,987; net, $307,900.
- ( V . 53, p. 5 6 8 ; V. 54, p. 469; V. 55, p. 21; V. 59, p. 2 9 0 .
F a rm v ille & P o w h a ta n .—OwnsBermuda Hundred,Va.,to Farm»
ville 89 miles, and branches to Coalboro, etc., 7 miles; total 96 miles»
3-ft ’ gauge. Completed. March 3,1890. Stock: Cpmmon, $460,850
nreferrea, $500,000; par, $100. Loans and bills payable July 1.1893’
*53 898. In year ending June 30,1893, gross earnings, $74,050; net»
$2,834; taxes, $4,035. In year 1891-92 gross, $86,578; net, $13,875*
F in d la y F o rt W a yn e & W estern R a ilw a y .—Owns road in
oneration from Findlay, O., to Indiana State line 60 miles, and partly
■completed to Fort Wayne, Ind., 20 miles. H istory .—A consolidation
in November, 1894, of the Fort Wayne & Eastern Railway of Indiana
and the Ohio Railway Company—the last named being the successor of
the Findlay Ft. W. & W. R R —sold A pril7,1894, to satisfy creditors.
Stock.—Capital stock is $2,000,000.
B oivds.—The first mortgage is for $1,200,000 gold 5 p. c. bonds issued
at $15 000 per mile, of whioh $50,000 are reserved in the company’s
treasury. The income 2ds for $800,000 were given in exchange for
Findlay Port Wayne & W. RR. The Mercantile Trust Co., N. Y., and
Allen Zollars, Ft. Wayne, Ind., are trustees of both mortgages.
In year 1892-93 gross on 60 miles, $41,857; deficit from operating,
$3,350. (V. 59, p. 835.)
F itch b u rg.—Owns from Boston, Mass., to Greenfield, Mass., 50
milt s; Greenfield to Troy, N. Y. 84 miles; Vermont to Rotterdam Junc
tion, 61 miles; Boston Barre & Gardner Railroad, Worcester to Winchendon, 36 miles; South Ashbumham, Mass., to Bellows Falls, Vt.,
F
Net earnings...............$1717,537 $2,012,027 $1,938,826 $1,826,986
Rentals paid...............
$274,980 $260,980 $264,147 $264,980
Interest on debt...............
869,068
945,271
953,254
685,487
Other interest..... ............
20,216
18,793
21,639
59,223
D ivid en d s.-.---.-.-.-.---562,749
649,238
668,133
502,000
Balance, surplus............. def. $9,475
$137,745
$31,653
$15,296
In 1893-94 company also received $32,054 for premium on bonds.
—(V. 56, p. 247, 754; V. 57, p. 255 , 5 0 8 , 510, 547, 809, 979, 1039; V.
58, p. 224,774; V.59, p. 191, 5 1 2 , 835.)
F li n t & P e r e M a r q u e tte .— Owns from Monroe, Mich., to
Ludington, Mich., 254 miles; 14 branches to East Saginaw, Fostoria,
etc., 150 miles; Port Huron to East Saginaw, 90 miles; Port Huron to
Sand Beach (3 feet), 70 miles; Palm to Grindstone City, etc. (3 feet), 40
miles; Port Huron to Altmont (3 feet), 34 miles; trackage to Detroit
and Bedford, 17 miles; total in 1894, 655 miles, of which 144
were 3-feet gauge; “ business-producing branches (not bonded), not
including above, 137 miles; spurs and sidings, 167 miles. The com
pany also owns 5 steamers valued at $453,564, running from Luding
ton and. Manistee to Milwaukee, etc.
Organization , Secu rities , E tc .—Sold in foreclosure August 18,
1880, and reorganized. In 1889 absorbed Port Huron & Northwestern,
etc. Large interest in stock was said to have been acquired by parties
interested in Col. Hock. Val. & Tol. in Dec., 1893.
Sto c k .—Common, $3,500*000; outstanding, $3,298,000; par, $100.
D ivid en ds .—On preferred stock since 1885—In 1886,41 in 1887, 5^a;
a;
in 1888,7 and 5 extra; in 1889, 6*3 ; in 1890, 6 per cent; UY1891,3»9;
in 1892,4*a; in 1893, Feb., 2 p. ct.; none since.
B onds , E tc.—The consolidated mortgage of 1939 is a first mortgage
on 11414 miles of road. Trustee CentralTrust Co. Port Huron Divis
ion mortgage is for $3,500,000, of which $125,000 reserved for $104,000 P. H. & N. W. 7s. On Jan. 1,1894, there were outstanding biUs
payable for $714,598. Land grant was 513,000 acres, of whioh 56,185
acres unsold Jan. 1,1894; sales in 1893—8,605 acres for $85,773; bills
receivable Jan. 1,1894, including interest, $144,090.
L atest E arnings .—From Jan. 1 to Sept. 30, 9 months—
q Months
Cross.
Net.
Int'St, etc.
Balance.
1894!
$1,792,413
$483,839
$463,599sur, $20,240
1393...............
2,124,711
521,851
453,180
sur.68,671
A nnual R epo r t .—R eport fo r 1893 was in V. 58, p. 814, sh ow ing:—
Tpmt endina Dec. 31.
1891.
1892.
® 1893._
Total gross earnings....................... $2,900,624 $2,886,715 $2,725,238
¿658’, 184
4861,961
Net earnings over taxes........
$861,213
605.161
607,943
Interest on debt................... .......... x 581,771
D ivid en d s.....................................(4) 253,680 (4) 253,680
Bal. for the year........................s u r.$ 2 5 ,7 6 1
sur. $338
- (56, p. 6 6 7 ; V. 57, p. 217,1038 V. 58, p. 8 1 4, 902.)
put.$53,023
N ovember, 1894.]
RAILROAD
STOCKS AND
BONDS.
e r
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds—
Princi
1
INTEREST
RAILROADS.
pal When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
of
For explanation of column headings, &c., see notes
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.
5 g. J. & J. N. Y.,Guar.& Indem. Co. July 1, 1918
Florida Central d D e »—1st M. $5,226 p. m, gold.e* 575 1888 $1,000 $3,000,000
Jan. 1, 1930
do
do
423,000
1,000
5 g. J. & J.
2d M. (1st on ext.,92 miles) $5,226perm., gold.o’" 666 1890
Jan. 1, 1943
do
do
4,081,000
1,000
5 g. J. & J.
Consol, mort., $7,800,000 ($10,000 p. m.), gold.. o' 780 1893
2,033,000
1,000
5 g. A. & O. Merc.Tr.& Dep.Co.Balt Apr. ' 1, 1941
South Bound 1st M,, gold. int. rental......... .......e* 136 1891
20,000
Florida Midland By.—Receiver’ s certificates..........
J. & J. N.Y.jImp.&Tra.NatBk. July 1, 1900
7
300,000
ÏÔ 1870 100 &c.
Fonda Johnstown & Gloversville—lstM.,s.f.,notdn.c*
Apr. 1, 1921
do
do
A, & O.
6
200,000
26 1881 100 &c.
Cons. M. for $500,000 ($300,000 res’d for 1st M.)o
1913
6
J. & J.
50,000
4 1893
Johnstown G. & Kingsboro 1st M., assumed........
Oct. 1, 1925
New York.
A. & O,
350.000
6
1,000
1892
CuyaduttaElec. lstM.,gu.,p.&i.,by F.J.&G.RR.,g.
....
436,132
100
Fort Wayne d Jackson^-Common stock.................... '9 8
2,291,416 5 ^ p. an. M. & S. N. Y., Farm. L. & Tr. Co. Sept. 1, 1894
100
98
Pref. stock (8 p. c.), 5*2 p. c. rental Lake Shore...
6 g. J. & D. June, ’93, coup, last pd. Deo. 1, 1921
1,000
7,963,000
Fort Worth & Denv. City—1st M., g.,$18,000 p. m.o* 455 1881
M. & S. Sept., ’93, coup, last pd. Moh. 1, 1899
5
160,000
1,000
15 1889
Equipment bonds.......................................... ......... o
July 1, 1929
J. & J.
5
225,000
1,000
15 1889
Pan Handle RR. 1st mortgage— ........................
1925
In default.
J. & J.
6
709,000
1885
Fort Worth d New Orleans—1st mortgage.............
5 g. J. & J. N.Y., Nat.Bk.of No.Am July 1, 1928
2,923,000
1,000
Fort Worth & Bio Sr.—1st M., gold, $20,000 p. m.c’ Ï46 1888
Nov. 1, 1910
M. & N.
7
171,000
1881
Fulton Go. Narrow Gauge By.—1st M. ($500,000).
July 1, 1912
J. & J.
7
313,000
1882
Extension 1st M. ($1,000.000)............................. .
1911
Mew York.
7
245,000
1881
Gainesville Jefferson d Southern BB.—1st M ..........
1908
7
75,000
1883
2d mortgage................... ............................... .— :
4,756,000
6 g. F. & A. N.Y.jSo.Pao.Co., &Bost. Feb. 1, 1910
’71-’80 1,000
Galveston Harrisb. & S. Antonio—1st M.,g.,land gr.e
June 1, 1905
do
do
J. & D.
7
1,000,000
1,000
2d mortgage, Harrisb. and Houston to San Ant.c* 225 1880
1,000 13,418,000
5 g- M. & N. N.Y.,So.Pac.Co.,23 B’rd May 1, 1931
West. Div. lstM.,g.,SanA.toElPaso,636 m.&br.c* 671 1881
July 1, 1931
J. & J.
6
6,354,000
1,000
671 1881
2d mortgage (see remarks) ...........................o
A. & O. N. Y., 195 Broadway. Apr. 1, 1913
5
2,200,000
1,000
50 1883
Galveston Houston d Hend. o f 1882—1st M., guar. .<
May 1, 1917
5 g. M. & N.
200,000
36 1887
Georgetown d Western—1st mortgage, gold........... o
5,360,000
1,000
5 g. J. & J. N.Y. .Brown Bro.& Balt July 1, 1929
Georgia Carolina d Nor.—IstM., gold, guar.p.&i.c* 268 1889
July,’92, coup.last paid. July 1, 1937
4,000,000
1,000
5 g. J. & J.
1887
Georgia Co.—Tr’stb’d8,s.f.,dr.at 110 aft. July,92,g.c’
July 1, 1926
See text.
4 g. J. & J.
1,650,000
1,000
Georgia Midland d Gulf-r-lst M., gold (See text)c&r’ Ï00 1893
Jan. 1, 1926
J. & J.
4
750,000
500
2d m ort, incomes, non-cum., $7,500 per m ile.—] 100 1893
105,000
6
Incomes..................... ...............................................
1903-4
New York.
A. & 0.
78,460
5
’93-’94
Ten-year notes........... ........................................ .
Georgia Pacific—See Southern R ailw ay Compa
ainesville Jefferson & Southern R R . —Road from Gaines
Florida Central Sc P en in su la .—Operates from Columbia, S. C., |
ville to Social Circle, Ga., 52 miles; Belmont to Jefferson, 13 m^
via Savannah, Ga.,to Jacksonville, Fla., Tampa, Cedar Keys, etc., 933
total, 65 miles. Operated in connection with the Georgia RR. Sc
m iles; of which Columbia to Savannah, 136 miles, is 8outh Bound RR.
Banking Co. Stock is $242,687 common; $17,650 preferred; par, $50
History.—Sold in foreclosure in 1888 and reorganized by plan in
E arnings .—For year ending June 30,1893, gross, $37,329; deficit
V 46, p. 289. South Bound RR. was leased for 99 years from Oct. 1,
1893; its entire capital stock of $2,033,000 was subsequently purchased under operating expenses, $1,927; int. on bonds, $24,800; deficit for
The Florida Central completed in Dec., 1893, a line from Hart’s Roads year, $26,727—advanced by Georgia RR. & Bkg. Co.
G alveston H arrisb u rg Sc San A n to n io .—(See Map g f South
to Savannah, 114 miles, to connect the systems.
Stock.—Common stock is $20,000,000, par $100; preferred, 4 per Pacific.)—Owns Houston, Tex., to San Antonio, Tex., 217 m.; San An
cent cumulative [with preference as to both principal and accumulated tonio to Rio Gr. River, 636 m.; br’ ch’ s, 72 m.; leases 12 m.; total, 937m.
Or g an ization , Sto ck , E tc .—Operated by the Southern Pacific Com
dividends], $4,500,000. Preferred is exchangeable for any subsequent
pany, which owns all but $570,812 of the $27,093,012 stock (par, $100).
4 per cent mortgage.
B onds .—First mortgage covers 256 miles of road and 1,076,331 aores
B onds .—Car trusts 7s, June 30, 1894, $281,804. Under the
consolidated mortgage for $7,800,000 (Trustee, New York Guar of land valued at about $1,467,000. It has a sinking fund of 1 per cent,
anty & Indemnity Co.) sufficient bonds were reserved to retire the but it is optional with bondholders to surrender their bonds if drawn.
prior bonds at maturity. Consols for $3,382,000 have been issued to In 1893 holders of Western Div. 2ds agreed to cancel claims for ac
retire 1st preferred stock and build Savannah extension, and $698,000 crued interest and that interest on these bonds should be paid only if
for rails, equipment, extensions and branches. A rental equal to 5 per earned and should be non-cumulative. V. 58, p. 719. Texas school
cent per annum on South Bound bonds is undertaken. Mercantile Trust debt, $12,586. Floating liabilities Jan. 1,1894, $3,327,488, including
$2,241,721 due Southern Pacific Co.; current assets, $662,042.
& Deposit Co. of Baltimore is trustee oC South Bound mortgage.
E arnings .—9 months, > 1894, gross, $2,944,971; net, $809,113. ,
E arnings.—From Jan. 1 to Oct. 31, 1894 (10 months)* gross, $1,Jan. 1 to Sept. 30,
51893, gross, 3,086,411; net, 692,868
______
,
,
. .
929,080, against $1,287,6^2 in 1893.
For year ending June 30,1894, gross, $2,105,757; net, $584,464; in
Inyear 1893 gross, $4,204,754; net, $997,453; receipts from track
terest charges, $420,498; balance, surplus. $164,066. In 1892-93, age, etc., $81,137; total net income, $1,078,590; charges, taxes, etc.,
gross, $1,655,721; n«k, $45b,786. (V. 56. p. 403, 502; V. 57, p. 255, $1,272,016; deficit from operations, $193,426. In 1892, gross, $4,547, 595,1122; V. 58, p. 383, 733,1035.)
556,423; net, $1,094,058. (V. 54, p. 800; V. 55, p. 100,146.)
F lo rid a M id lan d R y . - See Supplement of September, 1894.
G alveston H o u sto n * H en derson o f 1 8 8 2 .—Owns from Gal
F on da J o h n sto w n Sc G loversville.—Owns from Fonda, N. Y., veston. Texas, to Houston, Texas, 50 miles. Foreclosed in 1871, and
to Northville, 26 miles. In November, 1893, leased Johnstown GloVers- again in 1882. Control vested in Mo. Kan. & Tex. Leased for 99 years
ville & Kingsboro Horse RR. (now electric) for 999 years, assuming its to International & Great Northern and bonds guaranteed by that com
first mort. bonds and guaranteeing 8 per cent on its $50,000 stock. The pany. The lessee it is said pays interest and turns over to this com
Cuyadutta Electric RR. is leased till 1993 and its bonds have been pany all surplus earnings over expenses, taxes, etc. Stock, $1,000,000;
guaranteed by the Fonda J. & G., principal and interest. The stock is par, $100. E arnings .—For year 1892-93 gross, $561,192, agst. $505,$300,000; par, $100. In year’93-94, gross earnings, $217,141, against 096 in 1892; net, $151,000, against $126,885.—(V. 58, p. 512, 773.)
$273,187 in 1892-93; net, $50,800; agst. $94,640; int. and rentals (net)
Georgia Carolina Sc N orthern.—Owns road from Monroe, N. C.,
$35,511 ( dividend 8 p. c.) $24,000.
to Atlanta (Inman Park), Ga., 266 miles; completed in April, 1892.
Belongs to “ Seaboard” system, and bonds guaranteed (by indorsement
DIVIDENDS.—In 1891-92,10 p. c.; 1892-93, 5 p. C.; 1893-94, 8 p. C
.
on each bond) by lessees, Seaboard & Roanoke and Raleigh & Gaston
—(V. 55, p. 5 8 9 , 856,1035; V. 57, p. 7 7 0 ; V. 59, p. 422.)
F o rt W a y n e Sc J a c k so n .—Owns from Jackson, Mich., to Fort RR. Cos. Mercantile Trust & Safe Deposit Co. of Baltimore is trustee
Wayne, Ind., 98 miles. On August 24, 1882, leased perpetually to of mortgage; see abstract, V. 49, p. 239. Stock authorized, $1,000,Lake Shore & Michigan Southern at a rental of $126,027, equal to 5 ^ 000; outstanding, $535,300 (par $100), mostly owned by the lessees.
per cent on the preferred stock (see V. 56, p. 812), and after 1887 any Loans and bills payable, July 1, 1893, $807,643. E arnings .—From
net earnings over 8 per cent on preferred stock to be paid as dividends Jan. 1 to Sept. 30,1894 (9 months), gross, $482,362, agst. $3o2,862 in
on common stock, but not exceeding 2 per cent a year. In year 1893 1893. In calendar year 1593 gross, $551,390, against $292,413 in
1892. For year ending June 30,1893, gross, $443,525; operating ex
gross earnings, $194,543, against $234,853 in 1892.
penses, $545,929; other income, $275,015; rentals and taxes, $172,611.
F o rt W o r th Sc D enver City.—(See Map Union Pacific Denver d
Georgia C om p an y.—See Supplem en t of January, 1894.
Gulf)_Owns from Fort Worth, Texas, to Texline, 455 miles, and
Georgia M id lan d Sc G u lf.—Owns from Columbus, Ga., to MoDonoperates Pan Handle RR., 15 miles, owning its stock.
ough, 100 miles. Completed in September,. 1887. Operates Columbus
Organization, E tc .—U. P. Denver & Gulf owns $7,766,000 of the
Southern, Columbus to Albany, Ga., 88 miles.
$9 375,000 stock; par $100. First 6s for $213,000 (additional to those
Stock and B onds . —Stock authorized, $2,000,000; outstanding,
a b o ve) were held in company’ s treasury Jan. 1,1894. See abstract of
mortgage, Y. 45, p. 440 (trustee, Mercantile Trust Co. of New York. $1245,000; par. $100. Car trusts, $53,900. In 1892 practically
all the old 6s were exchanged for new 4s and incomes. For extensions
Equipment 6s are all owned by the Union Pacific.
Receivership.—President Morgan Jones and John D. Moore were additional 1st 4s may be issued at $15,000 per mile. The January
appointed receivers Oct. 24, 1893. The December coupon went to and July, 1893, interest on 1st mort. was paid In ten-year 5 p. o. notes,
default. In Dec., 1893, George M. Pullman, F. B. Lord, W. T. Walters, and the January, 1894, interest was paid ^ in cash and *2 in suoh notes.
1894, interest not paid. Deposits of bonds
gidell Tilghman and G. M. Dodge, Chairman, were appointed a first July, been called for. R. A. Lancaster & Co., 10 with Central Trust Co.
Wall St., flsoal agents.
mortgage bondholders’ committee. In March, 1894, loans and bills have
E arnings .—In year 1893-94 gross, $164,200; net, $25,171; interest,
payable were $396,899; overdue interest, $254,115. In May, ’94 (net
earnings for 3 months to Mar. 31 having fallen $88,516 behind fixed etc., $28,853; balance, deficit for year, $3,682. In 1892-93 gross,
charges for 3 months), the bondholders' committee suggested the funding $162,914; net, $11,300. (V. 56, p. 42,164.)
o f a portion of the interest; see Y. 58. p. 941.
Georgia Pacific.—See Sou th ern R a il w a y Co m pa n y .
E arnings .—Six months, >1894, gross, $513,654; net,1 $39,582.
Georgia R a ilro a d Sc R a n k in g C om pany.—Owns from
Jan. 1 to June 30,
$ 1893, gross, 760,866; net, 170,320.
Augusta, Ga., to Atlanta, Ga., 171 miles; branches to Washington
and Athens, 58 miles; Macon & Augusta RR. (proprietary road), Camak,
Y e a r 1893 gross, $1,498,731; net, $322,846; other income, $23,800
int.. charges and rentals, $520,875; deficit for year, $174,229. Ii Ga., to Macon, Ga., 74 miles; trackage, 4 miles; total, 307 miles.
year 1892 gross, $1,750,285; net, $501,243 ; other income, $18,780
Organization .—Owns also one-half the stock of the Western Rafiway
fixed charges, $516,643; balance, surplus, $3,380. In 1891 gross of Alabama (the Central Railroad of Georgia owning the other half),
$2,014,720; net, $592,946. (V. 57, p. 722,1039; V. 58, p. 550, 941.)
and has a one-fifth interest in the Port Royal & Augusta and a thirtyF o rt W o r th Sc R io G rande.—Owns from Fort Worth, Tex., to five one-hundredths interest in the A tlan ta* West Point (which see).
Brownwood, about 146 miles; completed in August, 1891. Mortgage Guarantees (jointly with Central RR. & B. Co. of Georgia) the $1,543,000 first mortgage 4*2 per cents of Western Railway of Alabama.
trustee is Central Trust Co., New York. Stock outstanding, $2,777
In April, 1881, the railroad (307 miles) and its interest in the other
100; par, $100. Loans and bills payable June 30,1893, $189,135.
Earnings.—From January 1 to October 31, 1894 (10 mos.). gross railroad companies were leased for 99 years to W. M. Wadley and
associates, for the Central of Georgia and the Louisville & Nashville, at
$272.268, against $297,000 in 1893. In year 1893, gross, $379,038. $600 000 per year. Deo. 31,1892, the banking department was turned
agst. $387,6f?2 in 1892; net, $120,115, against $120,456. For year
ending June 30,1893, gross, $405,538; net, $134,219, against $144,487 over to the “ Georgia Railroad Bank,” a separate corporation, a majority
f$198,200] of whose stock is held by the Georgia RR. & Banking Co*
in 1891-92. (V. 52, p. 81, 351, 642.)
D ividen ds since 1880—In 1881, 9*3 per cent; in 1882,10*4; from
F n lto n County N arrow G » u e e R y .—Road from Havana, III 1883 to 1887, 10; in 1888, 10%; from 1889 to Oot., 1894, both
to Fairview, 111., 31 miles; leases (for 30 p. c. of gross earnings) Fulton inclusive at rateof 11 per cent per annum (2% per cent quarterly).
County Extension Ry., Fairview to Galesburg, 111., 30 m iles; total op
COMPANY’S REPORT.—In year ending March 31, 1893, rental, etc.,
erated, 61 miles. Road opened 1880. Capital stock of Fulton County was $600,150; dividend (No. 7) from bank, $50,000; total, $650,150,
Ry., $636,794. The Extension Ry. has capital of $260,900.
Interest, $148,000; dividends paid (11 percent), $462,000; balanoe,
Earnings.—For year ending June 30,1893, gross, $46,525; deficit
under operating expenses, $1,824; interest, taxes, etc., $35,648; deficit $40,150; taxes, etc., $75,106; deficit, $34,957. Net e a r ^ g s of bank for
, year 1891-92 were $65,380, and bank surplus Mar 31,1892, $203,067.
fo r year, $37,472. Total deficit June 30,1893, $386,911.
G
6 8
m YESTOKS’
SUPPLEMENT
[V ol. LIX.
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In these Tables.
Bonds—Princi INTEREST OR DIVIDENDS.,
RAILROADS.
pal,When Due,.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Georgia Railroad A Banking Co.—Stock.................. 307
Bonds, not mortgage..................
c*&r
Bonds, not mortgage......................................... c*&r
Bonds'not mortgage........................................ c*&r
Bonds not mortgage...............................................r . . . .
Georgia Southern A Florida.—Stock..........................
1st mortgage ($12,000 p. m.), gold.....................*e 285
35
Gettysburg A Harrisburg—S t o c k ..... .....................
So. Mountain 1st mort., guar, by Phila. & Read..
Gettysb’g & H. 1st M., old issue, gu. by P. & R...
35
Con. M. $565,000, g., gu. p.&i. (end.)by Ph.&R.c*
13
Gouvem eur A OswegatcMe—i st M., gold, gu. p.dc i.c
Grand Rapids A Indiana—Stock........................... c*
1st M., land grant, g., s. f. (guar, by Pa. RR.). .c* 335
IstM ., g., ($293,000 land grant s. f. not drawn).o* 335
1st m ort, extended, gold. guar, by Pa. RR.......o* 335
, 2nd mortgage, redeem, at 105 till Aug. 1,1894.0* 367
General mortgage for $13,000,000..................c &r 367
Funded coupon scrip for $1,498,400.....................
37
Musk. G. R. & Ind. RR. 1st M., gold,traf. guar.c*
Great Northern—Stock, pref. (no com. stock issued)
Collat Tr. mort., red. at 100 on 3 months, gold.c
S t PaulMinn.&Man.—Stock (rental 6 p. o. in gold)
S t P. Min. &Man. lstM .l.gr.,s.f.,g.,dr’natl05.o* 620
2d mortgage, gold (does not cover lands).......c* 620
Dakota Extension 1st M., gold.........................o* 1,212
Cons.m ort,l.gr. ($13,344,000are6s), gold.o*&r 2,470
Montana Exten. IstM. ($25,000p. m.),gold.c*&r
Pacific Extension M. for £6,000,000, gold..c*&r 802
Minneap. Un.RR.lstM.,g.,gu. ($650,000 are 5s).c
East of Minn. 1st M. ($50,000 p. m.), g.,gu..c*&r
70
Montana Cen. 1st M., g. ($6,000,000 are 6s)gu.c<fcr 256
Willmar & Sioux Falls—lstM.,g.,gu.p.«fei.(ena)c*«fer 205
1877
1880
1882
1887
1887
1882
1891
1892
1869
1869
1891
1884
1884
1893
1886
1892
1879
1879
1880
1883
1887
1890
1882
1888
1887
1888
$100
1,000
1,000
1,000
1,000
100
1,000
50
1,000
1,000
1,000
1,000
100
1,000
1,000
1,000
1,000
1,000
1.000
100
1,000
100
100 &c.
1,000
1,000
1,000
l,000&c
£100 &C
$1,000
l,000&o
l.OOO&c
1.000
E arnings o f R a il ro ad s .— > 1894, gross, $442,541; net, $142,469.
July 1 to Oct. 31 (4 mos.) (1893, gross, $455,298; net, $176,392.
In 1893-94 gross, $1,367,185; net, $497,201; total net, including in
terest and dividends received, $589,953. In 1892-93, gross, $1,480,252;
net, $392,019.—(V. 53, p. 2 8 9 ; V. 55, p. 461.)
Georgia Southern. 4c F lo rid a.—Owns from Macon, Ga.,
to Palafka. Fla.. 285 miles, and operates the Macon & Birmingham
(which see), 95 miles. In 1891 Mr. Willis B. Sparks was appointed re
ceiver. Coupons due and unpaid in July, 1894, $513,780. A bond
holders’ committee was appointed (see V. 55, p. 722, 856), and a
majority of the bonds has been deposited with the trustee of mort
gage, tiie Mercantile Trust & Deposit Co. of Baltimore
(V. 55,
p. 938.) Foreclosure sale ordered for March 5, 1895. Reorgani
zation plan provides for $4,000,000 of 1st 5s, $684,000 firstpreferred 5 p. c. stock, $1,015,600 second preferred 5 p. c. stock and
$4,000,000 common stock. Each bond deposited with the committee
to receive $1,000 new bond, $200 in ls t preferred, $180 in 2d preferred,
and $800 in common stock. The 1st and 2d preferred are issued to
represent over-due coupons and the reduction of interest rate of new
bonds to 5 p. c. V. 59, p. 551.
E arnings.—3 months. 51894 gross, $210,746; net, $42,439.
July 1 to Sept. 30. 11893 gross, $174,829; net, $15,636.
In the year ending June 30,1894, gross earnings were $831,052; net,
$180,886. In year 1893 gross, $817,322; net, $176,970.—(V. 57, p.
105,179, 853, 893,1122; V. 59, p. 234, 551.)
G o n v e r n e n r 4c O s w e g a tc h ie .—Owns from Gouvemeur to Ed
wards, N. Y., 13 miles. Stock, $350,000, all owned by N. Y. Central,
—which guarantees the bonds. See V. 55, p. 810 and V. 56, p. 501.
G r a n d R a p id s 4c I n d ia n a .—(See Map o f Pennsylvania RR.)—
OwnB from Port Wayne, Ind., to Mackinaw City, 367 miles; Manistee
Branch, 25; other branches, 44 miles; total owned, 436 miles; leases,
and operates Cincinnati Richmond & Fort Wayne RR., 86 miles; Tra
verse City RR., 26 miles; Muskegon Grand Rapids & Indiana RR., 37
miles—149 miles; total, 585 miles. Second track 3 miles.
H istory and Stock .—Formed in 1854 and operated in interest of the
Pennsylvania Railroad, which votes a majority of stock until July, 1941
B onds.—In May, 1894, of the 1st mortgage land grant 7s $2,350,000
were guaranteed by the Penn. RR. and $293,000 were unguaranteed;
$935,000 had no lien on the land grant.
A portion of the 7 per cent first mortgage land grant bonds have
been extended at 4 ^ per cent. They are endorsed with the guaranty
of the Pennsylvania RR. Co. to purchase the coupons as they mature,
and the bona itself at maturity if not paid by the Grand Rapids
company. The extended bonds have no lien on the land grant. See
guaranty Y. 56, p. 649.
Pennsylvania RR. on Deo. 31, 1893, owned $2,700,000 2d mort
gage bonds and $836,521 coupons.
The rental of the Muskegon A Grand Rapids it was understood should
equal interest on the bonds; in 1892 Muskegon road had profit over all
charges o f $1,147, against $18,456 in 1891, but coupons due Jan. 1,
1894, were not paid. See V. 58, p. 127. As to guaranty of interest on
Cin. Rich. &Fort Wayne, see that company, and Traverse City, see
that company in Supplem ent , November, 1892.
F unding Plan .—Default was made Sept. 1 ,1892, on coupons o f gen
eral mortgage 5 per cents, and in 1893 most of the holders consented
to fund the interest from March 1,1892, to March 1 ,1900, into scrip,
upon which 4 per cent interest shall be paid semi-annually until the
scrip is paid in full. This plan reduces the annual current liabili
ties till 1900 to $681,261. See plan V. 56, p. 413; V. 57, p. 144.
D e fa u l t .—First mortgage coupons due Oct. 1,1894, on the unguar
anteed bonds were not paid, but holders were offered $l,l<'0 per bond
in cash for the sinking fund, or exchange for guaranteed 4*2 per cents
mentioned above.
F loating D ebt, E tc.—On June 1 , 1894, car trusts due and unpaid,
$130,996; not yet due, including locomotives, $308,681; bills payable,
$488,101; 7 per ceHt coupons purchased by Penn. RR., $512,521; 6 p. c.
coupons held by Penn. RR., $324,000; real estate uiorts., $52,050.
L ands.—The company has a land grant and in 1893 sold 41,620 acres
o f farm land and 400 acres of pine land, for the aggregate price of
$287,865. The lands unsold on Jan. 1, 1894, were about 248,491
acres. Assets, $1,343,265 bills receivable, etc., and $493,909 cash,
which comtitute a sinking fund for firsts.
E arnings .—9 months. (1894 gross, $1,824,833; net, $446,638.
January 1 to Sept. 30. \1893 gross, $2,177,032; net, $400,906.
A nnual R epo rt .—Report for 1893 was in V. 58, p. 813, showing
results below; rentals and miscellaneous in 1892 included $163,870 for
ear trusts, betterments, etc.; and in 1893, $87,682 for construction.
Year end’g Dee. 31. 1890.
1891.
1892.
1893.
Miles o p e ra ted ........
428
432
438
438
Gross income.............$2,601,979 $2,400,414 $2,516,640 $2,185,899
Net over exp’s & taxes
859,382
694,788
732,654
388,283
interest on bonds, etc.
739,700
751,929
724,850
524,199
Int. on floating debt..
58,630
52,186
46,997
78,975
Rentals and miscel...
30,760
208,431
203,972
127,537
Balance.....................sur.$30,292 df.$317,758 df.$243,165 df.$342,428
—(V. 57, p. 144 ; V. 58, p. 127, 3 8 2 , 8 1 3 ; V. 59, p._600, 651.)
$4,200,000
1,000,000
1,000,000
300,000
200,000
4.275.000
3.420.000
600,000
100,000
250,000
215,000
300,000
4,986,081
1,789,000
1,207,000
2,379,000
2,975,000
3,746,000
1,498,400
750,000
25,000,000
15,000,000
20,000,000
2,321,000
8,000,000
5,676,000
31,907,000
7,616,000
£3,000,000
$2,800,000
4,700,000
8,700,000
3,625,000
See text.
6
6
6
5
Q .-J . N.Y.,Am.Ex. B’k & Aug.
J. & J.
do
do
do
do
J. & J.
J. & J. N.Y.,Am. Ex.Bk.&Aug.
J. & J.
do
do
Oct.
July
Jan.
Jan.
Jan.
15,1894
1, 1897
1, 1916
1, 1922
1, 1922
6 g. J. & J. Jan. ’92 coup, last paid. July 1, 1927
6
6
.5&6
5 g-
A. & O. Phila., P. & R. office.
1898
A. & 0.
do
do
1914
Various
do
do
Oct. 1, 192fr
J. & D. N.Y.,Gr’d Cent.Station. June 1, 1942
7 g. J. & J. N. Y., Winslow, L. & Co.
7 g. A. & O. Apr., ’94, coup, last paid
4 1 J. & J. N. Y., Winslow, L. & Co.
ag.
M. & N.
6
M. & 8. Mar.’92, coup, last paid
5
Philadelphia, Pa.
M. & S.
4
5 g. J. & J. Julv.’93. coup, last paid
5 per an. Q .-F . N. Y. Office, 27 Pine St.
do
do
4 g. M. & S.
do
do
6 per an. Q —F.
7 g. J. & J. New York and London.
do
do
6 g. A. & 0.
6 g. M. & N. New York, 27 Pine St.
do
do
4*2 & #g. J. & J.
do
do
4 g. J. & D.
4 g. J. & J. N.Y.& Lon.,Baring Bros
5 & 6 g. J. & J. New York, 27 Pine St.
5 g. A. & O. N. Y.27Pine; Bos.,Lee,H
5 & 6 g. J. & J. New York, 27 Pine St.
do
do
5 g. J. & D.
Oct.
Oct.
July
Nov.
Sept.
1,
1,
1,
1,
1,
1899
1899>
1941
1899
1924
July
Nov.
Sept.
Nov.
July
Oct.
Nov.
July
June
July
July
Apr.
July
June
1,
1,
1.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1926
1894
1902
1894
1909
1909
1910
1933
1937
1940
1922
1909
1937
1939
Great N orthern.—('•See Map.)—Operates under lease the St. Pan 1
Minneapolis & Manitoba Railroad, 3.709 miles of road. Also owns
the entire stock of the following lines, but keeps their earnings
separate, their income appearing in the Great Northem income account
only as revenue from stocks and bonds owned or as other receipts:
The Willmar & Sioux Falls, Willmar, Minn., to Sioux Falls, Dak., 147
miles; the Duluth Watertown & Pacific, Waterto wn, Dak., to Huron,
Dak., 70 miles; the Minneapolis Union, 2*5 miles; the Eastern of Minne
sota, 72 miles; the Montana Central, Great Falls, Mon., to Butte, Mon.,
257 miles, including branches. Total operated July 1,1893, was 4,257.
Also owns the Seattle & Montana, Fair Haven & Southern and New
Westminster South. RRs., extending from Seattle, Wash., to 8. West
minster. 159 miles. Extension to Seattle, Wash., was opened May 5,
1893, and to Yankton, So. Dakota (Will. & S. Falls RR.) m Sept., 1893.
H is t o r y , Sto ck , L eases , E tc .—This corporation in February, 1890
leased the St. Paul Minneapolis & Manitoba for 999 years, assuming its
funded debt and guaranteeing 6 per cent per annum in gold on its $20,000,000 stook. The Great Northern’s authorized capital was $40,000,000,
of which $20,000,000 is preferred 6 per'cent non-oumulative, and this
only is at present outstanding. The Manitoba stockholders were offered
the privilege of taking it at 50, the remaining 50 per cent being paid by
a transfer to the Great Northern of all the securities owned by the Man
itoba Company, amounting to over $22,000,000. The securities acquired
by the Great Northern have been placed in trust to secure the unity iff
the system. (See V. 49, p. 435; V. 50, p. 205.) The preferred stock can
be increased with the consent of three-fourths the pref. outstanding.
Stock —In 1893 $5,000,000 preferred stook was sold to pay io »
equipment, terminals, etc. See V. 56, p. 753.
L ands .—St. P. Min. & Man. land grant was 3,848,000 acres. Land
sales are applied to the redemption of 1st mort. bonds at or under 105.
Sales for year ending June 30,1893, were 34,514 aores, for $291,596, and 319 town lots, for $13,293. The net amount due on land con
tracts June 30,1893, was $1,472,585; lands unsold, 1,494,909 aores, of
which 118,000 aores in dispute with St. P. & Northern Pacific.
Minneapolis & St. Cloud grant was 476,864 acres; unsold July 1,
1893,416,280; sales in 1891-92. 2,720 acres, for $11,543.
D ivid en ds , &c .—Dividends on Great Northern preferred stook; In
November, 1890, 1 per cent; in 1891, 4%; in 1892, 5 per cent; in 1893,
5 p. c.; in ’94, Feb., l ^ p. c.; May, l l i p. c.; Aug., H i p. o.; Nov., li* p. c.
Dividends on Manitoba stock have been 6 per cent yearly since 1880
B onds .—In 1892 the Great Northern issued its collateral trust bonds
for $15,600,000, secured by deposit with the trustee of £3,000,000 Paoiflo
Extension 4s o f the St. Paul Minn. & Manitoba Ry. Co. V. 54, p. 525.
The St. Paul Min. & Man. consol, mort. of 1883 is for $50,000,000, of
which $15,096,900 are reserved to pay prior liens. The mortgage on
Montana Extension is for $25,000,000 for extensions, $15,000 per mile
being allowed for second track; bonds for $11,502,000 secured by thia
mortgage, additional to amount in table, are deposited as part security
for Pacific extension b >nds. Abstract V. 45, p. 342.
Pacific extension mortgage for £6,000,000 (trustee of mortgage Cen
tral Trust Company of New York), provides for bonds at £6,000 per
mile in Montana and £7,000 per mile west of Montana; £3,000,000
of this .issue are pledged to secure the Great Northern’s collateral
trust bonds. See abstract of mortgage, V. 52, p. 82.
Minneapolis Union bonds cover the passenger terminals at Minne
apolis, including Union depot and double-track stone arch bridge
across the Mississippi.
Eastern Railway o f Minnesota runs from Hinckley northward 70
miles, to a .point near Duluth; the mortgage oovers equipment, ter
minals and elevators. Montana Central bonds cover several roads
(See adv. Chron . Deo. 12,1891.) The Manitoba guarantees both these
issues, and the Great Northern assumes the guaranty.
The Willmar A Sioux Falls bonds are endorsed with joint and several
guaranty of the Manitoba and Great Northern companies. Further
issues may be made at $17,500 p. m. for additional road. Y. 56, p. 247.
G en e r a l F inances .—The earnings of the company from June 18,
1893, include the Pacific Extension, 819 miles. The rental due the
Manitoba road for 1893-94 will be $5,295,758 against $4,640,286 in
1892-93, the increase being principally for this extension. The Willmar
& Sioux Falls bonds and $5,000,000 pref. stook were sold in 1893. In
May, 1894, $760,000 Montana Central 1st 5s and $178,000 St. P. M. &
M. consol. 4*28 were issued. V. 58, p. 816.
In August, 1894, traffic arrangements were made with Oregon Ry. &t
Nav. Co. giving Gt. Northern a through line from St. Paul, Minn., toPortland, Ore., via Spokane. V. 59, p. 152,191.
E venings.—Jan. 1 to Aug. 31, 1894 (8 months), gross, $7,980,466.
against $9,445,795 in 1893. Results irom Great Northern system for 6
months ending December 31,1893, were as follows:
Gross earnings............ $9,197,040 I Tnt. and guar. dividends$3,155,419
Net earnings................. 3,435,036 |Div. on Gt. No. stock...
562,500
Int., dive., &c., rec’d ...
314,702
------------—
Net from steamships,&c 267,373 | Balance, surplus. . . . . $899,192
A nnual R eport .—Fiscal year ends June 30. Annual meeting is held
at St. Paul on the second Thursday in September. Tne annual report
for 1892-93 was published in the Chronicle of Nov. 25,1893.
The following tables shows (1) earnings of the lines leased from St.
Paul Minneapolis & Manitoba Co., (2) the Gt. Northern inoome account»
(3) the earnings of the Eastern of Minnesota, Montana Central, etc.
69
A N D R O N D S.
STOCKS
R A IL R O A D
N ovember , 1894 .J
70
IN V E ST O R S’
SUPPLEM ENT.
[V o l .
l ix
.
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Princl RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Due..
For explanation of column headings, &c., see notes of
of
Par
Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Oreen Bay Winona < St. Paul—Common stock.
6
Preferred stock. .............................................o*
First consolidated mortgage, gold......................o 215
2d mortgage, income, non-oumulative................ c 215
Gulf & Chicago—Stock......... .......................................
62
G ulf Western Texas < Pacific—Stock........................
&
1st mortgage ($20,000, per mile) gold..............
ÎÏÏ
Hancock <t Calumet—Stock............................f .........
Consol, mortgage, gold, redeemable at 105.......... 122
Hannibal < St. Joseph—Common..............................
£
Preferred................ ................ I----- ; .......................
Consol, mortgage, now 1st mortgage................ o* 292
Harlem River <t Portchester—See N. Y. New H ave N & H
Harrtsb. Portsm'ih Mi. Joy < Lane.—Stock,7 p. e.gu.
&
54
1st mortgage (ext’d in 1883), guar.p.&i.Pa. RR..r
54
Hartford d Connecticut Western—Stock................... 109
k
1st jçporteage.. . . . . i........ . — .................... ............ 109
Hereford—Bee Main e Central .
Hibernia Mine RR.—Stock.......................................
4*4
Housatonic—Bee N e w Y o r k N e w H aven & H arte O R D .
Houst.East < West Texas—1stM.($20,000 p.m.),g.c&r 192
£
Houst. d Tex. Cent. EE.—Common stock..................
k
State of Texas prior lien on first 75 miles...........
'*75
1st M.l.gr.,g.,red.llO,int.gu.end., $8,634,000.c*&r 453
Cons.M.,ld.gr., gold,red. at 110, int. guar., end. c*&r 453
Gen. mort.,gold. int. guar, by So. Pac., en d.. .c’M 453
sr
Debent., p. and i. gu. So. Pac., end. See text.c*&r
Debent., p. and i. gu. So. Pac., end. See text.c*&r
Hud. Sus. Bridge <£N. B. Ry.—lstM.$10,000,OOO.c*&r
$100 $8,000,000
100
2 , 000,000
1892 500 &c.
2.500.000
1892
1,000
3.781.000
100
400.000 1 p. c. in
500.000
1891
2.220.000
5 g.
100
350.000 See text.
1,000
1891
330.000
5 g.
100
9,168,700 See text.
100
5,083,024 See text.
1,000
1881
8,000,000
6
F. & A.
F. & A.
Jan.,’94
See text.
N. Y., when earned.
Ripley, Miss.
J. & D.
N. Y., Mills Building.
New York City.
J. & J. N. Y., Third Nat. Bank.
Dec’ber.
Boston Office,
do
Dec’ber.
M. & S. N.Y., Bk. of No. America.
ART.
50
1853 500 &c.
100
1883
1,000
100
1893
1,000
1870
1890
1890
1890
1890
1890
1888
1,000
1,000
1,000
1,000
1,000
1,000
Feb. 1, 1911
Aug. 1, 1906
Jan., 1894
Deo. 1, 1941
June 30,1894*
Jan. 1, 1931
Dec. 31,1893
Dec. 31,1893:
Mch. 1, 1911
1,182,550 7 per an. J. & J. Phila., Company’s Office July, 1894
700.000
4
J. & J.
do
do
July 1, 1913
2,700,200 2 per an. F. & A.
Hartford,
Aug. 31,1894
700.000
do
J. & J.
July 1, 1903
200.000 6 per an. A. & O.
1.344.000
10,000,000
See text.
7.429.000
3.497.000
4.300.000
705.000
411.000
1.266.000
5 g. M. & N.j
6
5 *
J.
A.
A.
6 g' A.
A.
4
5 g. F.
it
&
&
&
&
&
See Central of N. J.
New York.
Houston, Texas.
J. N. Y., Central Trust Co.
do
do
O.
O.
do
do
do
do
O.
O.
do
do
A.
In default.
Oct., 1894
May 1, 1933:
Annually.
July 1, 1937.
Oct. 1, 1912
Apr. 1, 1921
Oct. 1, 1897
Oct. 1, 1897
Feb. 1, 1938
N o t e .— The surplus earnings of the proprietary companies were not
H a n n ib a l Sc St. J oseph .—Owns from Hannibal, Mo„ to St.
divided in 1892-93, and hence are not included in the Great Northern’ s Joseph, Mo., 206 miles; branches—Cameron to Kansas City, 53 m iles;
income account.
St. Joseph to Atchison, Kan., 20 miles; Palmyra to Quincy, 111., 13 miles;
leases, 3 miles; total operated, 295 miles. Owns bridge at Kansas City
(1 .) OPERATIONS ST. PAUL MINNEAPOLIS & MANITOBA.
Stock.—Chic. Burl. < Quincy RR. owns $14,244,900 stock. Preferred
fe
1891.
1892.
1893.
Tear end. June 30. 1890.
stock has prior right to a non-cumulative dividend of 7 per cen t; then
¿¿,797
Av. miles operated.
2,784
2,865
3,352
common to 7; then both share. D i v i d e n d s .— On preferred stock in 1881
Passenger eamg’s. $1,774,568 $1,876,960 $2,028,949 $2,145,293
7,628,011
9,720,486 10,522,805 and 1882, 7 ; in 1883,3; in 1887, 7 ; in 1888, n il; in 1889,5; in 1890
Freight earnings. .. 6,915,167
776,743
854,693
854,483 nearly 2 per cent; in 1891 6*82 per cent; in 1892, 7 per cent on pre
Mail, exp., r’nts, &c. 684,265
ferred and 710 p. c. on common; in 1893, 7 p. c. pref. and 2310 p. c. comTôt. gross eams..$9,374,000 $10,281,714 $12,604,128$13,522,581
I n c o m e a c c o u n t s have shown: Surplus over charges: In 1893, $646,
Maint o fw a y .& e ..
$776,506 $1,243,001 $2,243,543 $2,107,413 871; in 1892 $422,052; in 1891, $409,780; in 1890, $102,071.
487,517
513,670
611,895) i ha* ai a
Maint, of ca rs........
H arrisb u rg P o rtsm ou th M o u n t J oy Sc Lancaster.—OwnsMotive pow er........ 1,478,640
1,628,645
2,230,530 (
Transportation...... 1,242,490
1,302,052
1,541,454
3,473,277 from Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch,Middletown,
531,620
476,587
505,876
709,308 Pa., to Columbia, Pa., 18 miles; total operated, 54 miles. Leased to the
General.............
Taxes.......................
274,351
299,651
367,551
375,554 Pennsylvania RR. Co. for 999 years from January 1, 1861, the rental
being 7 per cent on the stock and interest on the bonds, taxes and ex
Total expenses.$4,791,124 $5,463,606 $7,500,849 $7,710,971 penses of organization. Stock, $1,182,550; par $50.
Net earnings..........$4,582,876 $4,818,108 $5,103,279 $5,811,610
H artford Sc Connecticut W
from Hartford,,
53*14
57*02 Conn., to Rhinecliff, N. Y., 109 miles. e ste rn .—Owns 1881 and in 1888
59*51
P.O.OÍ exp. to earns.
51*11
Reorganized in
(2 ) GREAT NORTHERN RAILROAD INCOME ACCOUNT.
a controlling interest in the stock was purchased by parties interested in
the Poughkeepsie Bridge. Leased till August, 1939, to the Phila
1892.
Tear ending June 30.
1891.
1893.
$5,103,279
$5,811,610 delphia Reading & New England (for which in 1893 receivers were
Net earns. St. P. M. & Man... . $4,818,108
340,187
244,040 appointed), the rental paying charges and 2 per cent per an
Interest on bonds ow ned. . . . . .
285,704
18,036
70,136 num on the stock. There are $33,000 Conn. Western RR. 7 per cents
Dividends on stocks owned....
21,036
178,256
191,518 bonds, due 1900, convertible into stock at 60 per cent. Of the stock
Rentals of leased lines.............
185,705
249,763
256,688 $1,390,000 is owned by the lessee and pledged under its mortgage.
118,586
Interest and exchange.............
135,630
92,830
Bills receivable........................
198,480
H ib
M
N. J., to Hibernia
Other in com e...........................
114,424
17,547
163,339 Mines,ern ia41 in e H R .—Owns from Rockaway, for $12,000 per an.
N.J,, 4m. Leased to Cent, of N. J. in 1890
Total receipts.................... $5,742,043
$6,042,698
$6,830,161
H o u sto n B ast Sc W e st T ex a s.—owns from Houston, Texas, to
Paid rental 8t. P. M. & Man.. 4,084,672
4,099,224
4,647,831 Sabine River at Logansport, 192 miles. Standard gauged July 29,1894..
Great Northern dividends
(3 650,000 (5)1,000,000 (5)1,000,000
H i s t o r y .— 'This railroad is the successor in 1893 of the railway of
Miscellaneous...........................
18,750
............
same name sold in foreclosure Aug. 2,1892. Lands were 73,800 acres..
R e o r g a n i z a t i o n . —The new first mortgage is for fbrty-year gold
Surplus........................................ .
$ 9 8 8 ,6 2 1
$ 9 4 3 ,4 7 4
$ 1 ,1 8 2 ,3 3 0
fives at $20,000 a mile on the 192 miles, making a total issue of $3,(3 ) EASTERN MINNESOTA, MONTANA CENTRAL, ETC.
840,000. About $2,000,000 were to be used to settle the principal and
Net. Fixed charges. Balance. interest on the old firsts and $300,000 for prior judgments. The re
Tear end. June 30,’93. Gross.
$742,675
$235,000 sr.$507,675 mainder of the issue used to standard-gauge the road.
Eastern Minnesota.. .$1,355,236
Montana Central....... 1,157,385
354,474
460,000 df.105,526
E a r n i n g s .— 2 months,
) 1894............ gross, $58,812; net, $15,897
Minneapolis U nion...
306,660
240,090
161,500
sr.78,590
July 1 to Aug. 31.
S1893.......... gross,
58,251; net, 17,690
Willmar & Sioux Falls 500,014
236,167
142,187
sr.93,980
For year ending June 30,1894, gross, $442,281; net, $167,092.
_____M l _____wI __ include ‘ other income,” which for Eastern
_
The net earnings here___
Minn., was $167,527; for Mont. Cent., $2,154; for Minn. Union, $500.
In year 1892-93 gross, $457,563; net, $134,104; taxes, improvements,.
—(V. 56, p. 42, 752. 887; V. 57, p. 144,170, 375, 88 0 , 89 3, 89 7, 958; &c., $12,731; balance, surplus, $121,373. In 1891-92 gross earnings
V. 58, p. 263; V. 59, p. 152,191, 651.)
were $422,933; net, $77,637. Total surplus June 30, 1893, after
Green B ay W in o n a Sc St. P a u l.—Road owned from Green Bay, “ deductions,” $6,991. (V. 56, p. 835; V. 57, p. 144; V. 59, p. 234.)
Wis., to Marsnland, Wis., 209 miles; branches, 13 miles; trackage to
H o u sto n
T ex
Winona, 4 miles; total, 225 miles, of which in March, 1893,172 miles Pacific)—OwnSc from a s Central Railroad.—(See Map o f Southern .
e
Houston, Texas, to Denison, Texas, 338
were steel. Also leases the Kewaunee Green Bay & Western RR., Hempstead, Texas, to Austin, Texas, 115 miles ; total owned, 453 miles %
miles.
Kewaunee to Green Bay, 30 miles.
Also operates Fort Worth & New Orleans Ry., Garrett to Fort Worth,
H i s t o r y .—In August, 1892, reorganized without foreclosure by plan 41 miles; Central Texas & Northwestern, 12 miles; Austin & Northwest
o f Feb. 24,1892. See S u p p l e m e n t of July, 1892, and V. 54, p. 443, ern, 102 miles; other, 4 miles. The Waco & Northwestern, Bremond to*
486, 643, 800. Del. L. & Western parties are interested in the property. Ross, Tex., 58 miles, was sold in foreclosure Deo. 28,1892—see that com
As to traffic agreement with Toledo Ann Arbor & North Michigan, pany. Land grant from the State of Texas was 10,240 acres per mile.
see V. 55, p. 331. Due on rails and equipment Jan. 1,1893, $87,830.
H i s t o r y -.— Successor to a railway company of the same name fore
B o n d s . —The first consolidated mortgage is to the Farmers’ Loan & closed 8ept. 8,1888. Reorganization, pian V. 45, p. 792, 820. April
Trust Co., as trustee, and covers the entire property and its equipment, 11, 1893, the new company, with Thos. H. Hubbard as President,,
excepting the La Crosse branch 6 miles in length.
took possession.
Interest due Aug. 1,1894, at Farmers’ L. & Tr. Co., N.Y., was not paid.
S t o c k .— The new stock is $10,000,000 (par $100) and the old stock
E a r n i n g s . —From July 1 to December 31,1893, gross earnings were holders paid a cash assessment of $71 40 per share to obtain their pro
$203,032. For year ending June 30, 1893, gross, $481,934; net, rata share of the new stock. (See V. 51, p. 493.)
$106,419; interest, taxes, etc., $121,269; deficit, $14.850. In 1891-2,
B o n d s .— The bonds are being gradually reduced with proceeds of
gross $449,187; net, $46,112; deficit under charges, $77,505; improve
sales.
Morgan’s
& Texas
ments, $76,251; total def. in 1891-92, $153,756. Samuel Sloan, Presi land & SS. Co.In December, 1892, the$1,343,538. Louisiana mortgage
RR.
brought suit to recover
The first
dent. (V. 55, p. 255; V. 56, p. 887; V. 57, p. 97 8 ; V. 59, p. 191.)
was for $8,634,000, of which $570,000 reserved against claim of State
G u lf B ea u m o n t Sc K a n sa s City.—Organized in 1893 to build a of Texas upon 75 miles of the road. Balance issued, but reduced toroad from Beaumont, Tex., through the pine lands and stone quarries present figure by land sales.
to a point in the northern part of Jasper County. Tex., about 70 miles.
The Southern Pacific Company guarantees interest on all the bonds
In September, 1894, 40 miles from Beaumont to Buna were built, and both principal and interest of the debentures. The first mortgage
and 15 miles more nearly completed. Office, 12 Pearl St., Boston, Mass, bonds «Tui the consolidated mortgage bonds may be called for redemp
G u lf W estern T ex a s Sc Pacific.—Port Lavaca to Cuero, Texas, tion at 110 with proceeds of land sales. See full abstracts of all the
56 miles; Victoria to Beeville, 55 miles; total, 111 miles. A Southern mortgages in Y. 52, p. 242. The first mortgage was a first lien on some
Pacific property, the Morgan’s Louisiana & Texas owning all but $3,500 thing less than 2,000,000 acres of land and the consoli lated mortgageof the $500,000 stock. Dec. 31,1893, owned 207,380 acres of land valued a first lien on about 1,000,000 acres. Of the $?>,068,000 consolidated
at $224,854. In 1893 gross earnings, $97,574; deficit from operating 6s authorized $1,149,000 (not included in the amount outstanding
above) are held as part security for the general mortgage 4s. Trustee$73,014, against $82,248 in 1892; interest $111,200; taxes $8,276.
of general mortgage is Metropolitan Trust Co. of N. Y. There are $13s
ancock Sc C alum et.—Owns narrow-gauge road from Hancock 000 Union Depot bonds. The debentures have interest but not princi
to Fulton, Mich., 19 miles; branch, 3 miles. Stock, $350,000; par pal payable in gold.
$100—of which $250,000 is owned by Mineral Range RR. Co.—which
June 30,1893, current liabilities exceeded current assets by $375,486see. Two dividends, 2 ^ p. c. each, for year 1893 were paid on June 30,
E a r n i n g s .— The earnings, &c., have been as follow s:
1894, and in July, 1894, 2 % per cent for first 6 months of 1894. Mort
1892.
1893.
Tear ending June 30—
1891.
gage is for $400,000. In year 1893 gross earns., $187,276; net, $58,645;
$982,183
$1,003,437
surplus for year ever int., taxes, etc., $36,308. In 1892 gross, $185,- Passenger, mail, eto.................. $1,024,959
2,788,247
31185,873
F r e ig h t..........- ................... .
2,550,084
262; net, $57,047.
H
November, 1894. J
KAILROAD
STOCKS
AND
71
BONDS.
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
$50
67
Huntingdon d Broad Top—Common stock..............
50
67
Preferred stock, 7 per cent, non-cumulative........
500
67 1854
1st mort., extended In 1890 (int. only in gold)...
500
67 1857
2d mort. (interest but not prin. payable in gold).
1,000
67 1865
3d mortgage, consolidated......................... .
100
l
Illinois Central—Stock...............................................
100
Leased line 4 per cent stock, guar, (see remarks.)
£200
r 1875
1st mort. o f ( Sterling bonds of 1895...............1
£200
1874
1 8 7 4 f o r Sterl. o f ’03, £10,000 dr’nyrl.c*
£200
$15,000,000 ( Sterling bonds of 1905........... f 706 ( 1875
1,000
I 1886
secures all 4s of 1886, due 1951, gold— c*
1,000
{ 1886
equally....... (. 3*28 of 1886, due 1951, gold, .c* J
£200
1886
Trust bonds sterl. (secured by Cb. St.L.&N. O. cons.)
1,000
list M., Spring. Div. (Gilman to Sp.),$2,000,000.c 111 1877
1,000
1st M., Middle Div.,Otto to Norman June. & brs.r 131 1881
Collateral trust bonds, gold, $ ............................ c* l 854 1888 500 &C.
1,000
1890
Cairo Bridge bonds, gold (see remarks)---- c*&r..
CoL trust. $25,000,000, gold, on L. N. O. & T..c*&r 798 1892 500 &C.
1894
1,000
Collateral trust of 1904, gold (see text).........o*&r
1,000
567 1877
Chic. St. Louis & N. O., IstM , (prior lieninTenn.
1,000
1 mortgage; Cairo, 111., to N. 0.,La.andbranch* 567 1877
1st
1,000
567 1877
2d mortgage................................................ -........
1,000
Consol, mort. ($18,000,000), gold (see text).c*&r 567 1881
1,000
100 1889
Memphis Div. 1st M., gold, guar. p. &i. (end.) .O
'*
iIndiana Decatur & Western........................................
1,000
Indiana Illinois &Iowa—IstM., gold, red. at par. .c* 118 1889
500
1st and 2d inc.Ms. ($250,000 each) 4 p.c.non-cum.r 118 1889
1893
1,000
35
1st M. So. Bend Ext. ($500,000) g., red. at 105.C*
iIndiana < Illinois Southern—Bonds......................c
&
1,000
1886
Indianapolis Un —lstm ., g., s. f. not subj.to call.c*
$1,371,750
2,000,000
416,000
367,500
1,497,000
50,000,000
10,000,000
2,500,000
3,500,000
1,000,000
1,500,000
2,499,000
5,266,000
1,600,000
968,000
15,000,000
3,000.000
21,129,000
4,517,000
539,000
828,000
80,000
11,281,000
3,500,000
800,000
457,500
301,000
790,000
965,000
See text.
7 per an.
4 g7 g.
5
See text.
4 per an.
6 g.
5 g5 g.
4 g.
3^3 g.
33« g.
6
5
4 g.
4 g.
4 g.
4 g.
7
7
6
5 g.
4 g.
J. & J. Phil. Of.,4th&W alnutSt.
do
do
J. & .1.
A. & O.
do
do
do
do
F. & A.
A. & O.
do
do
M. & S. New York, 214 B’dway.
J. & J.
do
do
London.
A. & O.
A. & O. London,Morton,R.& Co.
do
do
J. & D.
J. & J. New York, 214 B’dway.
do
do
J. & J.
J. & J. London, Baring Bros.
J. & J. New York, 214 B’dway.
do
do
F. & A.
do
do
A. & O.
do
do
.1. < D.
fe
do
do
M. & N.
do
do
J. < J.
fe
M. & N.
do
do
do
do
M. & N.
do
do
J. & D.
do
do
J 1 5 &D15
do
do
J. & D.
July 30, 1894
July 30, 1894
Sept. 30, 1920
Feb. 1, 1895
Apr. 1, 1895
Sept. 1, 1894
July 2, 1894
Apr. 1, 1895
Apr. 1, 1903
Dec. 1, 1905
Jan. 1, 1951
Jan. 1, 1951
July 1, 1950
Jan. 1, 1898
Aug. 1, 1921
Apr. 1, 1952
Deo. 1, 1950
Nov. 1, 1953
Jan. 1, 1904
Nov. 1, 1897
Nov. 1, 1897
Dec. 1, 1907
June 15, 1951
Dec. 1, 1951
4 g- J. & D. N. Y., Metropol. Tr. Co. Deo. 1, 1939
Dec. 1, 1939
do
do
4
A. & O.
Mar. 1, 1943
do
do
5 g. M. & S.
4!sg. M. & N. Phila., Fidelity Trust.
May 1, 1926
payment of the interest on the same until the principal is paid. Of
1893.
$4,189,310 these consol. 5s $5,266,000 additional to the amount outstanding above
2,737,768 are pleged as security for the Illinois Central trust bonds of 1886.
G eneral F inances .—Bills payable were, July 1,1894, $2,448,574;
Net earnings............................... $964,889
$1,122,493 $1,451,542 coupons and rents payable, $504,227; contra, cash assets, $253,217;
' Miscellaneous income................ $168,813
-------bills receivable secured by collateral, $2,512,226. In January, 1894,
............
900,000 for acquisition of the Ches. O. & S. W., $5,000,000 collateral trust bonds
Total interest charge about........................
- -(V. 55, p. 927,1033; V.56, p. 621, 835; V. 57, p. 853.)
were issued, the deal being made under an arrangement with the
H u n tin gd on Sc B roa d T o p .—Owns from Huntingdon, Pa., to Louisville & Nashville. See Ches. Ohio & Southwestern.
Mount Dallas, Pa., 45 miles; branches, 22 miles; total operated, 67.
E arnings—3 months, 5 1 8 9 4 __ gross, $4,392,675; net, $1,049,282
July 1 to Sept. 30.
( 1 8 9 3 ....gross, 5,869,409; net, 1,970,468
Secu rities .—Preferred stock is 7 per cent non-cumulative. Dec. 31,
1893, oar trusts were $589,459; bills payable, $30,000. Bonds due in
A nnual R epo rt .—Fiscal year ends June 30. Annual meeting is held
1895 and 1925 have Interest but not principal payable in gold.
at Chicago the second Wednesday in October. Report for 1893-94 was
Dividends on preferred—In 1884, 1*2 per cent; in 1887,2; in 1888 published at length in V. 59, p. 535, 550 and 555, During the year
and 1889,5 yearly; in 1890, 5*2; in 1891,7; in 1892,7; in 1893, 7. On $1,902,587 was spent for capital account. The following does not in
clude Yazoo & Mississippi Valley—which see below.
•
common stock in ’91,2 p.o.; in ’92, 4; in ’93,5 p.o.; in ’94, 5 p. c.
1894.
Fear ending June 30—
1892.
1893.
R epo r t .—Report for 1893, in V. 58, p. 344, showed gross earnings,
2,888
Miles operated..... ..........................
2,883
2,888
$703,608; net, $369,419; net from collieries, etc., $3,185 ; interest. Passenger earnings..................... $4,388,269 $5,151,398
$6,116,603
$117,295; dividends, common and preferred $208,587. In 1893 $54,821 Freight earnings......................... 12,809,973 12,781,201
12,253,612
was spent for improvements. In 1892, gross, $678,122; net, $365,712. Mail, express & miscellaneous. 2,093,518
2,287,249
2,162,591
— (V. 56, p. 1 0 5 5 ; V. 58, p. 344.)
Year ending June 30—
1891.
Total gross earnings..................$3,575,043
2,610,154
•
Operating expenses...........
1892.
$3,770,430
2,647,937
llin o is Central.—(¿fee Mop.)—R o ad .—Operates from Chicago, HI..
southerly to New Orleans, La., 912 miles, and westerly to Sioux
-City, la., 509 miles, with numerous branches. Its road, clearly shown
- on the accompanj ing map, is made up as follow s:
Road owned.
Miles. Branches.................................. 819
Chicago to Cairo, 111.. f M , ) 365
Total owned Jan. 1, ’94..3,095
■Centralia,111., to East}
>
Leased.—Control owned.
Dubuque, l a ..........( 8tem*> 341
Dubuque & Sioux City and
Chicago St. L. & N. O. RR.
branches.............................. 600
Cairo, 111., to New Orleans. 547
Mem., Ten., to Grenada.Miss. 100
Total oper. Jan. 1, ’94...3,695
Yazoo & Mississippi Val. RR.
Memphis to N. O. and b rs.. 923
H isto r y , L eases , &c.—Chartered in December, 1850, and organized
.in March, 3*851. The company pays to the State 7 per cent of gross
-earnings yearly in lieu of taxes. The Chicago St. Louis & New Orleans
is leased for 400 years from July 1,1882, at 4 per cent per anuum on
its $10,000,000 stock all of which is deposited to secure the leased line
. stock. Dunleith & Dubuque Bridge stock, $1,000,000, is owned.
In 1892 practically all the stock and bonds of the Louisv. New Orleans
& Texas (807 miles), were acquired for $5,000,000 in cash and
r$20,000,000 in 4 per cent bonds, and the company then merged in the
Yazoo & Mississippi Valley, making 923 miles, as above, in 1887 the
Hlinois Central acquired the stocks of the leased lines in Iowa. In
December, 1893, control of the C. O. & S. W. was acquired by Illinois
Central, which has contracted to sell the same to the Louisv. & Nashv.
See V. 59, p. 556.
Ca p it a l Stock .—The leased line stock is secured by deposit of
$10,000,000 Chicago St. Louis & New Orleans stock, and in case of
default for sixty days in the payment of any semi-annual dividend of 2
per cent the stockholder is entitled to his share of the stock pledged.
D ivid en ds .—On common stock since 1884—In 1885,8; in 1886, 71
a;
Bin 1887 and 1888, 7; in 1889, 5^ ; in 1890, 6; in 1891, 5; in 1892, 5; in
1893, 5; in 1894, March, 2*3 percent;- Sept., 2*2 per cent.
B onds.— Cairo bridge bonds are secured by deposit of a like amount of
Chicago St. Louis & New Orleans lstm ortgage Cairo Bridge 5 per cents.
■
The rental for the bridge is $180,000 in gold annually, of which $30,000
. goes to a contingent and sinking fund till 1902, then $20,000 to regular
sinking fund. See advertisement in Ch ro nicle , May 7,1892.
The collateral trust bonds o f 1952 are secured by pledge with the U. S.
Trust Co. of New York of $16,350,000 5 per cent 1st mortgage gold
bonds of subsidiary railroads covering 850 miles. See list, V. 55, p. 550.
Of the $25,000,000 collateral trust bonds o f 1953 issued on pledge of
the Louisv. N. O. & Texas securities purchased in 1892, $5,000,000 were
held by 111. Cent, for Louis v. N. O. & Texas extensions, improvements,
. &e., and of these bonds $3,871,000 were held in its treasury June 30,
1894. Trustee of deed, U. S. Trust Company. $318,000 L. N. O. & T.
1st mortgage and $162,000 land grant income bonds were unexchanged
and outstanding Jufre 30,1893. See advertisement Ch ro nicle , June
11,1892, and V. 54, p. 964.
The Illinois Central collateral trust bonds o f 1004, (United States Trust
Co., Trustee,) were authorized to a total of $12,750,000 to acquire the
Chesapeake Ohio & Southwestern system. They are redeemable at
the company’s option on January 1,1896, or on any coupon day there
after. First issue was $5,000,000 secured by real estate and by sundry
securities of the Chesapeake & Ohio S. W. system, including the follow
in g of the Chi sapeake < Ohio S. W. itself: 2d rntge. 6s, $2,369,000 and
fe
$673,950 overdue coupons thereon; equipment trust bonds $470,000
and $106,020 overdue coupons thereon; $3,511,600 preferred and
$5,714.200 common stock and $1,783,544 floating debt. Of the remain
der authorized, $6,250,000 can be issued hereafter only on deposit of a
¡-like amount of Chesapeake & Ohio Southwestern firsts, and $1,500,000
is reserved to take up additional Chesapeake Ohio & S. W. 2nds; Owens
boro Falls of Rough & Green R. firsts, etc. See V. 59, p. 559.
For the Chicago St. Louis < New Orleans the lessee guarantees the
6
.principal and interest of all the outstanding bonds prior to,the 5 per
(Cent bonds, and by an endorsement on the latter bonds guarantees the
I
Operating
$19,291,760 $20,095,190 $20,657,464
14,283.934 14,369,416
. 14,070,020
69-56
l 72-93
7108
. $5,221,740
913,733
Net receipts from interest, &o.
61,038
Miscellaneous...................
$5,811,256
1,259,586
66,906
$6,288,048
1,865,325
41,120
Total receipts....................... $6,196,511
Interest on 111. Central bonds.. $1,459,925
Int. on Chic. St. L. & N. O. bonds. 1,196,845
Rental Dub. & Sioux City R R ..
776,413
Dividends on 111. Central stock 2,250,000
Dividends on Leased Line stock
400,000
Miscellaneous.............................
98,921
$7,137,748
$2,077,42
1,217,840
732,914
2,500,000
400,000
80,910
88,194,493
§2,665,265
1,217,840
867,148
2,500,000
400,000
80,965
Balance................................ Sur.
$14,407 Sur.$128,659 Sur.$463,275
Y azoo & M ississippi V alley .—Results on 807 miles from July 1,
1893, to June 30,1894 (oue year), w ere: Gross earnings, $3,338,860;
net, $969,398; income from investments, $4,230; total net, $973,628 ;
deduct interest on bonds and notes ($694,995) and loss on sale of'
securities, ($59,500), $754,495; surplus, $219,134; V. 59, p. 556.
—(V.56, p. 103,127; V. 57, p. 298. 5 3 3 , 5 4 6 , 5 4 9 , 683, 763, 808,
1040,1083; V. 58, p. 127, 716; V. 59, p. 290, 5 3 5 , 5 5 0 , 5 5 5 .)
IndfanaYDecatur & Western.—
Indianapolis, Ind., to Decatur,
jll., 152 miles.
H istory.—Organized by bondholders’ committee in 1894 to succeed
Indianapolis Springfield & Western, sold under foreclosure of old In
dianapolis Decatur & Springfield first mortgage of 1876. See Supple
ment of July, 1894. H. W. Smith, President, 7 Nassau Street, N. Y.
Leases Decatur & Eastern, included in mileage above.
In November, 1894, bondholders authorized the acceptance of 130
for their bonds. Negotiations for purchase on behalf o£ Lake E r ie *
Western were reported. V. 59, p. 879.
L atest E arnings.—3 months,) 1894..Gross, $132,529 ; net, $50,670
July 1 to Sept. 30.
) 1893..Gross, 120,295 ; net, 36,153
Y ear ’ s E arnings of Indianapolis Decatur & Western were;
For year’ from
) 1893-94, gross, $387,870; net, $70,910
July 1 to June 30. $ 1992-93, gross, 504,931; net, 147,216
Indiana Illinois Sc Iowa.—
Owns from Streator Junotion, HU
to Knox, Ind., 118 miles; trackage (Wabash Railway) into Streator, 1*70
miles; (Ch. & W. M.) La Crosse, Ind., to New Buffalo, Mich., 38; (Chic.
& E. 111.) Wheatfleld to La Crosse, Ind., 13s (Kan. & Sen. RR.) Kanka
kee to Seneca, 111., 38 miles; total of all, 209 miles. Extension to South
Bend, Ind., about 20 miles, completed in November, 1894.
Securities.—Stock, $3,597,800; par, $100. Car trusts Dec., 1893,
were $107,513. The 1st and 2d incomes, as well as the 1st 4s, are sub
ject to call at par and interest after 30 days’ notice. The 5 per cents o f
1893 are secured by the joint mortgage of the parent company and the
Indiana company, and are a first lien on the line from Knox to South
Bend, Ind., 35 miles, and a consolidated mortgage on main line.
E arnings.—In year ending June 30,1893. gross $782,840; net, $164,
614; interest, $50,300; rentals, etc., $15,600; car trusts and extraordinarv improvements, $$61,396. In 1891-92 gross, $601,306. Balance
sheet^ etc., in V. 55, p. 146. (V. 55, p. 146, 331; V. 56, p. 413.)
Indiana Sc Illinoint Southern.—
Suitz City, Ind., to Effingham,
III., 90 miles. Stock, $740,900. In year ending June 30,1893, gross
earnings were $98,764, against $91,202 in 1891-2; net, $9,036, against
$18,431. Other liabilities, July, 1893, $67,746. In 1892-93 road was
purchased by the St. Louis Indianap. & 111. South’n and debt readjusted
Indianapolis Union.—
Owns 3miles of track with terminals at In
dianapolis, Ind., and leases for 999 years the Belt RR. of Indianapolis—
which see—consisting of 14 miles of road encircling the o'.ty,
etc. Formed in 1850 and furnishes terminal facilities to the several
railroads entering Indianapolis. Stock—The Cleveland Cincinnati
7 2
INVESTORS’ SUPPLEMENT.
[VOL, LIX,
N o v e m b e r , 1894.]
RAILEOAD
STOCKS
AN D
BOKBS,
73
Subscribers w ill confer a great favor "by g iv in g im m ediate notiee o f any error discovered in tbese Tables.
Bonds—Prinoi INTEREST OR DIVIDENDS.
RAILROADS.
oal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
S'or explanation of column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds Yalue. Outstanding Cent. Payable
on first page of tables.
F. & A. N. Y., Farm. L. & Tr. Co. Feb. 1, 1908
7
133 1867 $1,000 $1,700,000
Indianapolisdk Vincennes—1st M., guar. p.&i. (end.)c
May 1, 1900
M. & N.
do
do
1,000
1,401,000
6
2d M., guaranteed p. & i. Penn. RR. Co. (end.) — c 133 1870
7,954,000
776 1879 500 &c.
6 g. M. & N. N.Y., office, 195 B’way. Nov. 1, 1919
international < Great Northern—1st mort., gold—
6
5 g. M. & N. N. Y., Central Trust Co. Nov.l, ’95-’97
374,277
Certificates of indebt. sec. by lstm . coupons, gold. 776 1892 Various
Sept. 1, 1909
do
do
M. & S.
85,500
Purchase money 2d mort. incomes, non-cuin...... 776 1879 500 &c.
Sept. 1, 1909
do
do
6,968,500 4*a to5 g. M. & S.
2d M. gold. int. 4*2 p.c. till Sept.’97, then 5 p.o..o* 776 1881 500 &c.
Sept. 1, 1921
M. & 8.
See remarks.
2,652,000
776 1892 500 &c.
4 g.
3d m. ($3,000,000) income till Sept. 1,1897, g-.c*
M. & N. N.Y., office, 195 B’way. May 1, 1920
1,000
206,000
7
1880
Colorado Bridge bonds, sinking fund.....................
N. Y. office, 11 WaU St. Apr. 11,1892
100 13,760,323 See text.
Iowa Gent.—Stock ($5,54 5,166is pref. 5 p.c. non-cu.)
1,000
6,327,370
5 g. J. & D. N. Y., Mercantile Tr. Co. June 1, 1938
1st M., for $7,650,000; $15,000 per mile, gold, .c* 503 1888
1,000
591,000
1885
6 g. J. & D. N. Y., Central Trust Co. June 1, 1925
i Keithsburg Bridge 1st mortgage, gold, guar— e*
July 10,1891
Boston.
100
600,000 See text. yearly.
20
Iron Railway—Stock...................................................
1,000
J. & J. July, ’93, coup, last pd. July 1, 1910
300,000
6
54 1880
Jacksonville Louise. & St.L.—Jack. S. E. 1st mort..
1,000
1,380,000
5 g. J. & J. July, ’93, coup, last pd. Jan. 1, 1940
J. L. & St. L. cons. M., gold, guar, p.&i., end.......c* 112 1890
F. & A. N. Y., Mercantile Tr. Co. Aug. 1, 1918
6
1,000
1,000,000
1888
Jacksons'e St. Aug.< IndTRiv.—J.St.A.&Hal.R.lstM.
£
360.000
j St; Augustine & Halifax River 1st M. bonds.......
390.000
1St; Johns & Halifax River 1st M. bonds........ .
491300
1893
Jacksonville Tampa &Key West—Receiver’s certifs.
1,000
1,566,000
" 6 g. J. & J. Jan.,’94, paid Mar., ’94. Jan. 1, 1914
; 1st, gold, redeemable at 110............................... c* 130ia 1884
360,000
1,000
37 1886
6 g. M. & S. Sept.,’93, coup, last pd. Jan, 1, 1906
Atlantic Coast St.Johns & Indian R. 1st M.,gold.c
290,000
1,000
29 1886
6 g. M. & S. Sei>t.,’93, coup, last pd. Sept. 1, 1916
Sanford & Lake Eustis 1st M. ($350,000), gold ..
1940
No coupons paid.
M. & S.
1,000
6
1,784,000
200 1890
J. T. & K. W. consol, mortgage for $4,000,0000.
Aug. 1, 1898
See text.
1,000 1 3,673,000 5 4*3 F. & A.
1888
....
Collat. Trust loan on Fla. So. bonds, Series A ....
Aug. 1, 1898
See text.
F. & A.
1,000
l 4
1888
Do
do
do
stock, Series B ....
N.Y., Mercantile Tr Co. $7,500 s.-an.
30,500
6
500
88-89
Equipment bonds. Series A and B ......................
1916
In default.
M. & S.
285,500
6
St.Johns&LakeEustis lstM.,gu.p.<fti.byFla.So.Äy,
48
1,000
300,000 4*a & 6 J. & J. Phila., Fidelity Tr. Co. Jan. 1, 1927
8 1867
Jefferson—1st & 2d Ms,ext. in ’87&’ 89 (H’dale Br.)c
1,000
2,800,000
37 1889
5 g. A. & O. N.Y., N.Y. L.E. & W.RR. Jan. 1, 1909
1st M. Carbondale to S. depot, gold, guar. p. & i . .c*
J. & J. N. Y., Farm. L. & Tr. Co. July 10,1907
1,000
7
800,000
45 1877
Joliet < Northern Indiana—1st M. gu. p. &i. M. C.c
&
1,000
425,000
4*3 J. & J. Phila., 233 So. 4th St. July 1, 1907
Junction (Philadelphia)—1st m.,guar.p.&i.(ext’d). 3-56 1882
Apr. 1, 1900
A. & O.
do
do
300.000
6
1,000
2d mortgage, guaranteed prin. & int..................... 3-56 1865
100
9,000,000
iKanawha < Mich.—Stock, $10,000,000 authorized.
k
N. Y., Central Tr. Co. Apr. 1, 1990
2,469,000
4 g. A. & 0.
1,000
1st mortgage, $15,000 per mile, gold,guar. p.& i.c* 165 1890
"Chicago & St. Louis, the Pittsburg Cincinnati Chicago & St. Louis and
-the Terre Haute & Indianapolis are virtual proprietors, they having in
vested in it $851,172 to Jan. 1,1894. No stock outstanding. B onds
—Trustee of mortgage is the Fidelity Ins. Trust & Safe Deposit Co. of
Philadelphia. Bonds for $35,000 have been canceled by sinking fund,
but he lwnds are not subiect to call before maturity. Earnings.—in
year 1892-93 gross, $456,137; net, $151,396; charges, $92,613.
In dian ap olis & V incennes.—Owns from Indianapolis, Ind., to
Vincennes, Ind., 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
Secu rities .—Connecting line for Penn. RR. to Vincennes. Stock,
^1,402,000; par, $50; o f which Pennsylvania Company on Jan. 1
1894, owned $1.401,900. The Penn. RR. Co. guarantees by endorse
rnent on each the principal and interest of the bonds.
Earnings.—in 1893 gross, $520,908; net, $102,977; interest, $203,118; rentals, etc., $3,563; deficit, $103,704, against $94,566 in 1892.
International & Great N orthern.—Owns Longview, Texas, to
Laredo, Texas, 496 miles; and Palestine, Texas, to Houston, Texas, 150
miles; branches—Houston & Columbia, 50 miles; Phelps to Hunts
ville, 7 miles; Mineola to Troupe, 44 miles; leases—Round Rock to
Georgetown, 10 miles; Henderson to Overton, 16 miles; Galveston
Roust. & Hend., Galveston to Houston, 50 miles; total, 825 miles.
Organization.—Reorganized without foreclosure in 1892 under plan
fn V. 54, p. 203,366. Road turned over to company .July 11.1892. V.
• 5, p. 100,177. In 1892 the M. K. & T. disposed of its interest in the
5
«stqqk to Mr. Gould. (See V. 50, p. 313; V. 54, p. 366.)
iStogk—Stock authorized is $25,000,000; outstanding, $9,755,000;
pax, $100; controlled in interest of Missouri Pacific as stated above.
'Bonds.—In the reorganization the first 6s were unchanged. The
1
second mortgage interest was scaled to 4*2 per cent from Sept. 1,
1891, .until and including Sept. 1, 1897; thereafter it will be 5 per
«cent; but in case of default the rate reverts to 6 per cent as formerly.
Second mortgage bonds are reserved to take up the $85,000 old incomes.
The third mortgage 4 per cent bonds for $3,000,000, until after
Sept. 1,1897, draw interest only if earned, non-cumulative. See pro
vision respecting payment of interest in V. 56, ,p. 82. There is also
-outstanding fractional bond scrip (in March, 1894,) for $42,975. The
‘Certificates o f indebtedness are secured by first mortgage, coupons held
4u trust and are payable $124,742 each Nov. 1. See V. 54, p. 203, 366.
The International & Great Northern guarantees $2,000,000 of Galves
ton Houston & Henderson 1st mortgage 5 per cent bonds.
Earnings.—From Jan. 1 to Oct. 31, 1894 (10 months), gross earn
ings were $2,821,153, against $3,280,412 in 1893. In calendar year
1893 gross on 825 miles, including Gal. H. & H „ were $4,088,036; net,
$1,241,763. In 1892 gross, $4,195,833; net, $894,515. (V. 56, p. 82;
V. 57, p. 256, 298, 341, 375, 853; V. 58, p. 430, 512, 595, 773.)
Iro n R a ilw a y .—Owns road, Ironton, O., to Centre, O., 13 miles,
«.mi branches 7 miles. Dividend in 1891,1^ per cent. No fund* d debt.
Bills payable June 30,1894, $47,000. In year end. June30,1894, gross
$38,077, agst. $43,357 in ’92-3; net, $3,026, agst. $3,340; taxes, $3,351.
Io w a Central.—Operates from Peoria, 111., westerly to Oskaloosa,
la., thence northerly to Manly Junction, la., and branches, 498 miles.
Leases—
Miles,
Owns—
Miles.
Iowa June., 111., to Miss. River. 89 Keithsburg Bridge over Miss.. 2*a
Miss. River to Oskaloosa, la .. 95 Trackage, Iowa Junotion to
Peoria...................................... S’ e
'Oskaloosa to Manly Junction. .154
Branches to Albia, eto............... 165
Total of aU...............................509
of which operatedonly
498
Total owned............................503
Burl. Cedar R. & No. leases Manly Juno, to Northwood, 11 miles.
H is t o r y .—Reorganization (by plan in V. 44, p. 653) of the Central
«Iowa sold in foreclosure in 1887-88.
Ca p it a l Sto ck .—Common stock authorized, $11,000,000; preferred
authorized, $7,400,000. The preferred is entitled to 5 per cent (noncumulative), then common to 5, then both share pro rata.
D ivid en ds .—On preferred stock in 1892 paid 1 per cent.
B onds , E tc .—Trustee of first mortgage, Mercantile Trust Co. See
abstract V. 49, p. 582. In February, 1892, $400,000 five per cents of
1888 were issued for new equipment and improvements. On July 1,
1894, $244,940 bills payable were outstanding, agst. $470,635 in 1893.
E arnings .—3 months, >1894........ gross, $412,768; net, $129,914
July 1 to Sept. 30.
)18 9 3 .........gross, 455,532; net, 163,166
A nnual R e p o r t .— Fiscal year ends June 30; report for 1893 -94 was
in V..59, p. 513. Soft coal tonnage in year 1893-94,701,518 tons, being
"54‘3 per cent of the total tonnage; inl892-93, 765^811 tons.
1894.
1893.
Tear ending June 30.
1892.
498
498
Av’ge miles of road operated.
498
$1,942,564
$1,811,567
Gross earnings............ .
$1,888,260
509,036
552,367
Net earnings (overtaxes)___
475,491
73-79
69-51
'Per ct. ex. to earnings...........
74,8.1
566,792
' 523,317
Total net rec’ts (inol. rentals)
489,759
392,686
388,283
Interest, rentals, &c...................
399,530
Dividends..................... . (1 p. c.) 55,364
ck son v
is v ille Sc St. o u is .—Owns Jacksonville to
J aCentralia,ille L o u miles. FormerlyLbelonged to Chic. Peoria & St.
111., 112
Louis svstem, but in 1894 the bondholders declined to accept terms of
reorganization offered by that company. See V. 58, p. 81,512. May 16,
1894 S. R. Wheeler was appointed receiver. V. 58, p. 815. Foreclosure
proceedings under Jacksonville S. E. 1st mortgage of 1880 were
brought in August, 1894. V. 59, p. 331. R. F. Kenny and J. H.
Dunn, appointed to prepare a plan for protection of co sol. mortgage
bondholders, advise consols to pay off the $300,000 firsts. Y. 59, p.
738. On Sept. 12,1893, unpaid taxes, etc., were $238,230; claims
of Chicago Peoria & St. Louis, $214,696; joint liability, account
Adams Express Co., $100,000; total, $552,926. (V. 59, p. 331, 738.)
Jacksonville St. Augustine Sc Indian River.—See Septem
ber, 1894, Supplem en t .
Jacksonville Tampa Sc Key West.—
Line of road Jackson
ville, Fla., to Sanford, 125 m iles: Enterprise branoh. 4 miles ;
Deland branch, 6 miles; Atlantic Coast St Johns &_ Indian River,
Enterprise to Titusville, 37 miles; Sanford &Lake Eustis Div., Sanford
to Tavares, 29 miles; total J.T. & K. W., 200 miles. Operates lines as
follow s: Florida South., Palatka, Fla., to Brooksville, and branches,
179 miles, narrow gauge; and Bartow to Punta Gorda, 80 miles. St.
Johns & Lake Eustis, Leesburg to Astor and Lane Park, 48 miles, nar
row gauge, was in Aug., 1893,placed in hands of C. P. Lovell as receiver.
R e c eiversh ip , E tc .—Opened March, 1886, and consolidated with
other companies. Receiver appointed Aug. 4,1892. Receivers are now
James H. Durkee and R. B. Cable. See V. 55, p. 100,146, 679; V. 56,
p. 623. The land grant was about 1,500,000 acres. Decree of sale for
about 40 miles of road and 361,000 acres of land, subject to all mort
gage liens, was rendered August 24,1894.. It is understood there is no
intention to force an immediate sale.
R eceivers ’ Certificates to the total amount of $215,000 have been
authorize^. On March 31,1894, only $49,300 had been issued.
Coupon P aym ents .—The first mortgage Intel est due July 1,1893,
was paid in January, 1894: January, 1894, interest was paid. In March;July, 1894, interest not paid.
Of the interest due Aug. 1,1893, on the collateral trust loan (series
A and B), one-half was paid at that date and the balance Jan. 29,1894;
the February and August, 1894, interest was not paid.
•;
Stock —Stock July 1, 1892, was $3,010,000, oi which it is said
the Florida construction Co. owns $2,715,300.
B onds .—Certain consols bearing numbers higher than 2,216 are out
standing as collateral.
January, 1889, control of the Florida Southern was purchased and
a collateral trust loan Series A for $2,905,000 issued on its bonds and
Series B for $900,000 on its stock.
E arnings .—9 months, >1894...........gross, $585,275; net, $224,063
Jan. 1 to Sept. 30,
51893.......... gross, 592,018; net, 196,017
R eceiver ’ s R e p o r t .—From April 11,1893 to March 31,1894 (11^3
months), gross earnings, $766,328; net, $263,137; other receipts, col
lections and credit balances, $130,217; total receipts, $393,354.—Ifisbursements: extraordinary repairs, taxes, etc., $120,312; for acoount
of Mason Young, Receiver, $103,191; for account of J. T & K. W. Ry.,
$175,657; total, $415,976. In 1891-92 gross, $781,824; net, $341,709.
In 1890-91 the gross earnings on 200 miles were $705,267; net, $228,33 9 .- (V. 57, p. 217,341; V. 58, p. 127; V. 59, p. 2 1 , 423.)
Jefferson.—
Owns from Lanesboro, Pa., to Carbondale, Pa., 37
miles double track; branoh, Hawley, Pa., to Honesdale, Pa., 8
miles. Leased in perpetuity to the New York Lake Erie & Western
for $140,000 per annum for main line and $14,940 for branoh. Used by
Delaware & Hudson to reach Carbondale. Mortgage of 188,9 is guar
anteed principal and interest by lessee. Stock, $2,096,050; par, $50.
Joliet Sc Northern Indiana.—
Owns from Joliet, 111., to Lake
Station, Ind., 45 miles. Operated as part of the Michigan Central sys
tem. Road opened in 1854 and leased to the Michigan Central. Stook
($300,000, par $100) carries dividends of 8 per cent per annum.
Junction (Philadelphia).—
Owns from Belmont, Pa., to Gray’s
Ferry, Pa., about 4 miles. It connects the Pennsylvania, the Philadel
phia & Reading and the Philadelphia Wilmington & Baltimore railroads,
coming into Philadelphia, which three companies jointly guarantee
principal and interest of bonds. Stock $250,000 (par $50), is all held b y
these three cos., and pays dividends of from 20 to 50 percent per annum
—in 1891 40 p. c., in 1892 35 p. c., in 1893 30 p. c.
anawha Sc Michigan.—( See Map Toledo < Ohio Oentral.)—Owns
6
Corning, O., to Gauley on the Ches. & Ohio, 173 miles, less 17 m.,
Pomeroy to Gallipolis, and 1 mile, Athens to Armitage, where C. H. V.
& T. tracks are used. Also owns branch of 11 miles leased to Toledo &
Ohio Central and Col. Shawnee & Hocking Ry.
H istory , E tc;—Foreclosed March 4 ,18 9 0, and reorganized, (V. 50,
pp. 451, 483.) In Ootober, 1890, a large interest in the stook was
acquired by parties interested in the Toledo & Ohio Central, which
has guaranteed the bonds, principal and Interest. (See V. 52, p. 165,
351.) The first mortgage bonds may be increased to any amount at
$15,000 per mile of road actually constructed. In 1893 on the extension
$34.865
$130,631
$178,509
Balance, surplus...............
Of the surplus for 1894 $33,081 was applied to construction and the of 31 miles to mouth of Gauley River, and for betterments, equipment,
balance creditea to income account. No dividends were paid. Presi etc., $1,000,000 bonds were issued. See balance sheet of April 30,1893,
with earnings, etc., in V. 57, p. 62.
dent, Russell Sage. (V. 55, p. 420; V. 57, p. 5 92; V. 59, p. 513.)
K
74
IN T E S T OBS’
STTPPIEMEN T.
rvoi*. L1X.
N ovember , 1894,]
r a il r o a d
sto ck s
and
bo n d s.
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables,
Montis—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par Outstanding
of
For explanation of column heading &c., see notes of
Dividend.
Whom.
Cent Payable
Road. Bonds Value.
on first page of table
J. & J. Bos on, 18 P.O. Square.
1893
Kansas City d A tlantic—1st mortgage, gold. . . . . . . .
k
I f J. & J. Boston, Of., 50 State St, July 1, 1916
1,000 $1,950,000
10 1886
Kansas City Belt—1st ($534,000 gu. K.C.F.S.*M.).c*
3.192.000
5 g. A. & O. Boston, Merch. Nat. Bk. Oct. 1, 1925
1,000
174 1885
Kansas City Clinton d Spring.—1st M., g., guar..c
k
Oct., 1907
do
do
7 g. A. & O.
58.000
500
1877
Pleasant Hill & De Soto 1st mortgage, gold .....,
6 g. J. * J. N. Y., Manhat. Trust. July 1, 3922
600,000
1,000
15 1892
Kan. City Elevated.-—1st M.preference bds., gold.c*
July 1, 1922"
New York.
2,000,000
5 g. J. & J.
1,000
15 1892
First mortgage common bonds, gold...................
9.997.000 See text. F. & A. Boston, Of., 50 State St. Feb. 16,1891
100
Kansas City Ft. Scott d Memphis—Stock.............. —
k
Feb. 15,1893
do do
2.750.000 See text. F. & A.
100
Preferred stock contracts, 8 percent...................
J. & D. Bosk, Nat. Webster Bk. June 1, 1908
7
2.197.000
K. C. F. S. & G. 1st M., I’d. gr.,8. f., dr’n at 110.c* 160 1879 100 &c.
Sept. 1, 1910do
do
M. & S.
7
571.000
1,000
Ft. Scott So’eastern & M.. 1st M. (see text).......c* 103 1880
Sept. 1, 1910
do
do
M. & S.
7
57.000
1,000
28 1880
Rich Hill RR. 1st M. (see text)...................
c*
Sept. 1, 1910
do
do
M. & S.
7
94.000
1,000
22 1880
Short Creek & Joplin 1st M. (see text).............. c
Sept. 1, 1910
do
do
7 • M. & S.
492.000
1,000
50 1884
Memphis K. & Col. 1st M. (see text)..................c*
Aug. 1. 1922
do
do
F. & A.
5
390.000
1,000
26 1882
Kansas & Missouri RR. 1st mortgage—
Various Boston, Of., 50 State St. Var. 1895-96
6
320.000
85*86 5,000&c
K. C. Ft. S. & G. Ten-year coupon n otes............
M. & N. Bost., Nat. Webster Bk. May 1, 1928
6
1,000 11,974,000
Consol, mortgage ($25,000 per mile) not dr’n. .e* 67Ï 1888
A. & O. Boston, Nat. Union Bk. Ook 1, 1927
5
1.606.000
1,000
81 1887
Current Riv. RR. 1st mort., $20,000 p. m., guar.
3.000.
000 5 g. A. & O. N.Y., Un. Tr. Co. & Bost. Ock 1, 1929
1,000
1889
Kan. C.& M. R’y & B’dge lstM.g.,s.f.,dr’n at 110.c*
J. & J. Bost., Nat.Webster Bk. Jan. 1, 1905
5
761.000
1,000
1889
Kansas Equip. Co. 1st M. guar., s. f., red. at 110.
3,170,320 See text. M. & S. Boston, Old Col. Tr. Co. Mch. 1, 1934
1894 500 &c.
Kan. O. Memph. < B ir.—Gen. mort., $4,500,000.c*
&
Mch. 1, 1934
Sept. 1
5
6,340,640
1894 500 &c.
Income, non-cumulative. $7,000,000............... c*
M. * S. Boston, OldCol’nyTr. Co Mch. 1, 1903
1.000.
000
1,000
1888
Birmingham equipment M.,g.,gu. (red. at 110)..o*
Aug. 1, 1905
Boston Office.
F. & A.
M
189.000
1,000
1890
Memphis Equipment Co., guar., red. at 110.......c*
Jan. 1, 1933
New York.
1894 500 &C. See text.
5 g- J. & J.
Kan. City Northwestern—Mort., gold. See text-.c*
N. Y.. Office, 45 Wall St. Aug. 1, 1990
2.500.000
4 g. F. & A
1,000
Kansas City d Pacific—1stM., gold, int. gu.(end.).o' 125 1890
k
Apr. 1, 1923
Incomes till 1897.
6.200.000
1,000
5 g- A. & O
248 1893
Kan. O. Pitts. d Gulf.—1st mort., gold, inc. 4 yrs.c*
k
& J. Boston, 2d Nat’l Bank, Jan. 1, 1907
5.000.
000 7
K.C. St. Jo.dk Coun.Bl.—Con.M. (Nos. 1 to 500pf.)c* 274 1877 100 &c.
June 1, 1920
do
do
& D.
7
545.000
1,000
61 1880
1st Ms. Nod. and Tark. Val. RRs. s. f. (dr. at 100) .o*
June 1, 1894
4.750,000 See text.
100
Kan. City Suburban Belt—Stock..........................
& D. Phila., Union Trust Co. June 1, 1920
1.000.
000 6 g 1,000
30 1890
1st mortgage, gold................................... - -......... o
Phila. of., 400 Chestnut Feb. 1, 1922
& A.
5 g.
750.000
1,000
1892
Consol. Terminal Ry. of K. C., 1st M., gold...... c*
Feb. 1, 1923!
do
do
& A.
1, 000,000
1,000
Union Ter. RR. Co.lst M. ($2,000,000) g. guar.c* T ó 1893
5 g. M. & S. Phil., Pro v. L ife * Trust Mch. 1, 1922
300.000
1,000
Kansas City * Indep. Air Line 1st M., gold, .c&r 5^2 1892
L atest E arnings —3 months, 5 1894, gross, $103,461 ; net, $29,767.
July 1 to Sept. 30.
(1893, gross,
93,967; net, 28,299.
A nnual Statem ent .—Fiscal year ends June 30. In year 1893-94
ross, $366,493, against $364,766 in 1892-93; net, $104,964, against
116,142; surplus over charges 1892-93, $30,448. (V. 57, p. 22, 62.)
K a n s a s City Sc A tlan tic R R . - A reorganization in 1893 of the
Kansas City Bridge & Terminal and Chicago Kansas City & Texas
companies, which Bee in V. 55, p. 1034; V. 56, p. 246.
K a n s a s C ity B e lt ,—From Argentine to Valley of Blue River, 10
miles. Mortgage is for $2,500,000. Stock authorized $2,500,000 (par
$100); outstanding $100,000 (par $100); owned one-half by Atchison
Topeka & Santa Fe and three-tenths by Kansas City Fort Scott & Mem
phis and two-tenths by Chicago Milwaukee & St. Paul. Double-tracked
and used for a terminal road at Kansas City. The mortgage is for $2,500,000. In 1893 gross, $237,988; net, $139,964; interest. $117,191;
balance, surplus, $22,773. In 1892 gross, $233,945; net, $132,184.
K a n sa s City C linton Sc Springfield.—Owns from Cedar Junc
tion, Kan., to Ash Grove, Mo., 164 miles, and branch to Pleasant Hill,
Mo., 10 miles; total, 174 miles, but only 163 miles operated.
Stocks , E tc .—Built in interest of Kansas City Fort Scott & Memphis
RR., which guarantees the bonds. Stock authorized, $2,500,000; par,
$100; issued, $1,775,400, of which one-half is owned by the Kansas
City Fort Scott & Memphis RR.; due that Co. July 1,1892, $345,000.
E arnings .—From Jan. 1 to Oct. 21,1894 (9% months), gross, $241,927, against $209,601.
A nnual R epo r t .—Fiscal year ends June 30. Report (see K. C. F.
S. & M. report) for 1893-94 showed gross earnings, $338,528; net,
129,102; interest, $163,660; deficit, $34,558. In 1892-93 gross,
351,560; nek $123,200; deficit under charges, $40,460. (V. 59, p. 878.)
K a n sa s City E levated .—Kansas City, Mo., to Kansas City, Kan.,
15 miles. Organized in 1892, completed in 1893. Stock authorized
and outstanding, $2,600,000.
K a n s a s City F o rt Scott Sc M em ph is.—Owns main line from
Vann»,« city, Mo., to Memphis, Tenn., 485 miles, with branches, 186
miles; total owned, 671 miles. Current River RR., Willow Springs, Mo.,
to Grandin, 81 m.; total, 752 miles. Owns one-half capital stock of K. C.
Clinton & Springfield and of K. C. Memphis & Birmingham RR. (see
those cos.; also 300 shares Kan. City Belt and $942,000 Current River,
Organ ization .—Formed in April, 1888, by consolidation of the Kan.
C. Fk Scott & Gulf and Kansas City Springfield & Memphis railroads.
D ivid en ds .—On J year, 1886, 1887, 1888, 1889, 1890, 1891, none
common since ’ 85, ( p. c., 4,
4*3,
3*$,
3,
3*$,
1, Since.
On preferred I year, 1881, 1882 to 1890, 1891, 1892, 1893, none
since 1880,
) p . c., 8*
3,
8,
4,
8,
5, since.
B onds .—Under the consolidated mortgage (trustee New England Trust
Company of Boston) sufficient bonds are reserved to provide for all
prior bonds when due. The Fort Scott Southeastern & Memphis, Rich
Tnn and Short Creek & Joplin roads have a sinking fund with which
bonds are bought at 110, or, if not offered, are drawn at 105 (of these
bonds $277,000 were on June 30,1894, held alive in the sinking fund).
The Current River RR. bonds are guaranteed. See V. 44, p. 246.
2Fhe Kansas City d Memphis Railway d Bridge bonds are guaranteed
k
k
by endorsement as to principal and interest and are subject to sinking
fund drawings, $9,000 bonds yearly at 110. See V. 54, p. 410,965. The
Kansas Equipment bonds are guaranteed, and the issue is redeemable
as a whole at any time at 110 and interest, and is entitled to an annual
sinking fund of $12,000, for which the bonds may be purchased but
cannot be drawn. Also guarantees $534,000 Kansas Oity Belt and
$8,192,000 Kansas Oity Clinton d Springfield bonds—see those co.’s.
k
L atest E arnings .—From July 1 to Sept. 30 (3 months):
3 months.
Gross earns. Net earns. Int.,rent.,die. Balance.
$1,132,494
$349,666
$331,144 sur. $18,522
1894...........
1893..................
1,139,362
248,681
338,126 def. 89,445
G e n eral F inances .—Kansas City Springfield & M. 6s due May 1,
1894, were paid in cash, and K. C. Ft. S. & M. consols, were held in
treasury June 30,1894, subject to sale therefor. On June 30,1894,
bills payable, $762,889; equipment notes, $259,718. Cash on hand,
$202,205; common stock in treasury, $99,000, included in table.
A nnual R epo r t .—Report for 1893-94 was in V. 59, p. 877. The
earnings given below are on the 671 miles owned.
Year end. June 30.
1894.
1893.
1892.
1891.
Gross earnings........... $4,406,740 $5,111,152 $4,991,278 $4,703,142
Net earnings...............$1,269,187 $1,308,217 $1,356,603 $1,313,924
Interest and miscell.. 1,125,841
1,104,606 1,111,644
1,068,846
f
t
BaL.incl. other inc.. $143,346
Dividends paid.............................
$203,611
137,490
$244,959
219,984
$256,881
208,972
B a la n ce ................. $143,346 sur.$66,121 sur.$24,975 sur.$47,909
For 1891-92 paid deficits on the Current River RR. and the Kansas
City Clinton & Springfield RR. amounting to $72,829; in 1892-93 to
$53,596; in 1893-94 $75,113. (V. 57, p. 298, 8 5 1 ; V. 59, p. 228, 877.)
K a n sa s City M em ph is Sc B irm in g h a m .—Owns from Memphis
to Birmingham, Ala., 253 miles, and branches to Aberdeen, Miss., and
Bessemer, Ala., 23 miles; total, 277 miles; completed in October, 1887.
Stock , T r affic G u aran ty , E tc .—The stock is $5,956,000; par, $100.
The Kansas City Fort Scott & Memphis owns half the stock and gives a
traffic guarantee of 10 per cent of gross earnings derived from business
to and from this road, to be applied to interest.
R eo rgan ization .—The reorganization plan presented in Deo., 1893!
[see V. 57, p. 938], provides for the issue of $4,500,000 bonds dated
March 1,1894, to bear interest at 2 p. c. first year, 3 P- o. second year
and 4 p. c. thereafter, and for $7,000,000 non-cumulative 5 p. o. moomes..
Holders of old firsts, coupon extension notes and overdue ooupons to*
receive 40 p. c. of face of such securities in new bonds at par and 80
p. c. in incomes. The old stock is not disturbed.
BONDS—Under the plan there are $3,170,320 general mortgage
bonds and $6,340,640 incomes issued for old securities. Both generals
and incomes are currency bonds for $500 or $1,000 each. The equipment?
loans are both guaranteed by this Co., and are redeemable on notice.
L atest E arnings .—From July 1 to Sept. 30,1894 (3 months):
3 months.
Gross.
Net. '
Charges.
Bal.,deficit..
$233,553
$15,447
$33,685
$18,238
1894...............
1893...............
235,707
7,524
117,321
109,797
A nnual R e p o r t .—In 1892-93 gross earnings were $1,163,948; netr
$179,757; including traffic guaranty, deficit under all charges, $253,825. In 1891-92 gross, $1,174,372; net, $215,591; total nek adffing
traffic guar., $236,477. (V. 57, p. 298,938; V. 58, p. 716; V. 59, p. 291.)
K a n sa s City N orth w estern B K .—Road Kansas City to Bea
trice, Neb., 175 miles, of which Seneca to Axtell, 10 miles and Virginia
to Beatrice, 14 miles are trackage, and 20 miles, Summerfleld to Virginia. are owned by Kansas City & Beatrice, which, was foreclosed in
.-*
May,’94. Branches, 17 miles. Total, 192 miles.
,
A reorganization of the K. C. Wyandotte & N. W., sold in foreclosureJan. 5,1894. Kan. City & Beatrice bought by Mo. Paoifio in May, ’94.
B o n d s —Mortgage for $3,500,000 (Mercantile Trust Co., N. Y.,
trustee) issued m July, 1894. Of the bonds, $900,000 are series‘‘A,’’
“ preferred” as to principal and interest, and are redeemable after 5
years at 105, proceeds of which used to pay purchase price, etc. Bal
ance of issue for betterments. Road belongs to Mo. Pac. V. 59, p. 152.
In year 1893 gross earnings of K. C. W. & N. W. were $325,094; net,.
$45,403; other income, $34,365; rentals, $25,907; taxes, interest, etc.,,
on receiver’ s certificates, $42,218; rental, etc., of equipment, and other"
charges, $95,746; deficit for year, $84,103. (V. 59, p. 152.)
K a n sa s City P ittsbu rg Sc G u lf.—(See Map.)—Operates road;
from Kansas City, Mo., to Siloam Sprigs, Ark., 230 miles, of which 206!
miles, Grand View, Mo., to Siloam, Ark., owned and 24 trackage; also
trackage from Texarkana to Morris Ferry, Ark., 44 miles.
H istory .—Chartered in 1887 as Kansas City Nevada & Fk Smith.
Name changed to present title in Jan., 1893. In Nov., 1894, the Tex
arkana & Ft. Smith was merged. Completed from Hume to Siloam
Springs in 1893. Contract let to Arkansas Construction Co. for con
struction to Shreveport, La., from whence the K. C. Shreveport & Gulf
(chartered in Sept., 1894,) will build to Sabine Pass on Gulf of Mexioo..
V. 59, p. 651. Congress has granted right of way in Indian Territory..
Stock authorized, $25,000 per mile; outstanding in Nov., 1894, $6,200,000; par $100.
. . ,
.
B onds .—First mortgage gold bonds at $25,000 per mile of main track
were authorized m April, 1893, interest on which for first four yearswill be payable only if earned. Mortgage covers equipment. Missouri
Kansas & Texas Trust Co., of Kansas City, Mo., and the State Trust Co.,
of N. Y., trustees. E arnings .—From Jan. 1 to Oct. 31,1894 (10 months),
gross $298,452, against $137,607 in 1893. New York office. 36 W all
Street. (V. 56, p. 668; V. 5 7 ,p. 422,1039; V. 59, p. 651, 879.)
K a n sas City Sc Pacific.—R o ad .—Paola to Stevens, 130 miles,.
Forms part of the Missouri Kansas & Texas main line to Kansas City,
having been leased to that company for 999 years from August 1,1890.
The lessee guarantees interest oil the 4 per cent bonds (see guaranty
V. 56, p. 695), a d if prior to Aug. 1,1895, 30 per cent and thereafter
33 per cent of the gross earnings shall exceed the interest on the bonds,
taxes and corporate expenses, the amount of such excess (all advances
bv Missouri Kansas & Texas having been settled) is to be paid to the
Kansas City & Pacific. See V. 5 1 ^ . 457. Stock is $2,500,000, of which
$1,725,000 is owned by M. K. & T, (V. 51, p. 457,494.)
K a n sas City St. Joseph Sc C ouncil B lu ffs.—(See map
Chicago Burlington d Quincy.)—Owns from Kansas City to Council!
k
Bluffs, 197 miles, branches 58 miles,proprietary lines (Nodaway Val
ley and Tarkio Valley railroads), 61 miles; total operated, 31 6
>
miles. The capital stock of $5,262,600 was purchased by the Chicago.
Burlington & Quincy in 1880, and the road is operated as part of that
system. Consols. Nos. 1 to 500, both inclusive, have a prior lien under
the mortgage. In 1893 gross earnings were $2,019,008; net, $869,118;
interest, rentals, &c., $412,466: dividend (8'65 p. o. Dec. 31,, 1893).
$455,267; balance, surplus, $1,385. In 1892, net, $803,654.
K a n sa s City Suburban B e lt.—(See Map.)—R oad —Extends
from Second Street and Broadway around Kansas City, via the East
Bottoms and the valley of the Blue and Brush Creek, providing
terminal facilities for the railroads centering at Kansas City, and
furnishes quick transit from the manufacturing suburbs along the
Blue Valley. By connection with Union Terminal R R , in Kansas City,
Kansas, this road also reaches the West Bottoms by a system o f via
ducts, and here makes direct connection with every road entering
Kansas City from northwest, west and southwest.
INVESTORS’
SUPPLEMENT.
V ol.
L
ix,
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds—PrinolRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par
When
Outstanding Rate per Payable Where Payable, and by Stocks—Loot
on first page of tables.
Road. Bonds- Value.
Cent.
Whom.
Dividend.
K . 0. Sub. Belt ( Con.) K.C.&I.A.L.2d M. ($200,000)
Kansas City W atkins< Qulf— s tmort., gold ...c*
6
1
Kearney A Black H ills—1st mortgage......................
Kentucky A Indiana Bridge—1st mortgage, gold...
2d mortgage, gold.....................................................
Terminal bonds, gold................................................
New Albany Belt & Term. RR. 1st M. end., gold..
Kentucky Midi’d—1st M., $25,000p.m.,red. atpar.c*
Kentucky Union—See L exington & E astern .
Keokuk A Des Mo.—Preferred stock, 8 per cent.......
1st mortgage, interest guar. C. R. I. & P ............ c*
Keokuk A Western—Common stock...........................
Kinderhook A Hudson—1st mort., gold, $375,000..
Kings County Elevated—Stock...................................
1st mort., gold, series “ A,” $550,000 per mile..o*
Funded coup, scrip of 1890........ ...........................
Fulton Elev.lst M.,Ser. A,$550,000 p.m.,g.,guar.c*
Kingston A Pembroke—1st M.,gold,(redem. at 105).
Knoxv. Cum. Gap A Louis—1st mortgage, gold__ o*
Receiver’s certificates (auth. $250,000)...............
2d mortgage, gold................................................. o*
Knoxv. A Ohio—1st mort., gold, guar, by rent. c*<fer
Kane Erie Alliance A South.—lstM.for$l,250,OOO.o*
Inc. bonds, non-eum., g. (red. after 1897 at 106)c*
Lake Erie A Western—Com. stock, $20,000 per mile
Pr ‘f , stock, 6 per cent (not cum.) ($20,000 p. m).
1st mortgage, ($10,000 per mile) gold...............c*
2d mort., for $3,625,000 ($5,000 per mile) gold.c
_
Lake Boland Elevated (B alt.)—1st M. gold_ o*&r
5*2
100
66
___
2
40
162
162
148
17
6
6
6
3%
113
70
*70
66
36
36
725
725
725
725
1893
1890
1890
1881
1889
1886
1890
1888
$ &£
$1,000
1,000
5 g.
5
5 g.
5 g.
5 g*
6 g.
6
J.
M.
M.
A.
J.
J.
F.
&
&
&
&
&
&
&
J. July,’94,int. pd in scrip
N. N. Y., Un. Tr. & Boston.
S. Mar.,’94, pd. Sept.1,’94.
O. Apr., ’93, coup, last pd.
D. June,’93,coup, lastpaid
D. June,’93,coup. last paid
A.
100
1,524,600 See text. See text N. Y „ Office, 13 Wm. St.
2,750,000
5
A. & O.
do
do
1878 100 &o.
100
4,000,000 2 per an. A. & O, N. Y., Cuyler, Morgan
As collateral
1889
6 g. J. & D.
100
See text.
1,000
3,377,000 5 g"& 6 J. & J. N.Y., Mercantile Tr.Co.
1885
448,950
6
April 1
1890
New York.
1,000
1,979,000
1889
5 g. M. & S. N.Y., Mercantile Tr. Co.
1,000
572,000
6
1882
J. & J.
In default.
1,000
1,650,000
1888
5 g. J. & D. June ’92 coup, last paid
88,000
6
1894
1,000
500,000
1889
6 g- A. & O.
1,000
1885
2,000,000
6 g. .J & J. N. Y., Chase Nat. Bank.
1,000
486,000
1887
6 g. J. & J. Last coup, paid in 1888.
1,000
1,669,000
1887
6 g.
100 11.840.000
....
100 11.840.000 See text. Q.—F. N. Y. Office, 80 Br’dway
1,000
7,250,000
1887
5 g- J. & J. N. Y., Chase Nat. Bank.
1,000
2,100,000
do
do
1891
5 g. J. & J.
1,000
1,000,000
1892
5 g. M. & S. Balt. Tr.& Gu. Co., Balt.
Organ ization .—In 1892 consolidated with the Consol. Terminal Ry
Oo., and in January, 1893, bought the entire capital stock of the Kansas
City & Independence Air Line Company. (V. 55, p. 995.) Capital stock
is $4,750,000, all of which has been issued.
Dividend of 2 per cent in stock was paid Nov. 1,1893, and 2 p. c. in
«took in May, 1894. Trustee of the Suburban Belt mortgage is the Mis
souri. Kansas & Texas Trust Co., of Kansas City.
E arnings.—From Jan. 1 to Oct. 31,1894 (10 months), gross $218,442, agst. $202,295 in 1893. N. Y. office, 36 Wall St.—(V. 58, p. 1072.)
K a n sa s City W a tk in s Sc G u l f . —See S upplement o f September
1894. President, J. B. Watkins, Lawrence, Kansas.
K a n sa s City W yan d otte Sc N orthw estern.—See K ansas Cit y
North w estern.
K earn ey Sc B la c k H i l l s .—See Supplem ent of Sept., 1894.
K en tu c k y Sc In d ia n a B rid ge.—Owns steel cantilever bridge
over the Ohio River at Louisville and 5 miles of railroad between
■Louisville, Ky., and New Albany, Ind., and 5 miles of belt line in
Louisville; also operates New Albany Belt & Terminal RR., 2 miles,
and owns Louis. & New Albany Ferry Co. and N. Albany Street Car Co.
R eceivership .—Defaulted oh coupons Sept. ,1893. See V. 57, p. 510,
596. John McLeod, F. W. Tracy and S. M. Felton are receivers. Reor
ganization, giving Balt. & Ohio RR. control, was said to be under way.
Bée Y. 57, p. 722. Petition to foreclose terminal mortgage was filed at
Louisville m October, 1894. New Albany Belt first mortgage bond
holders’ committee was appointed in October, 1894.
Secu rities .—Ciapital stock $1,700,000 (par $100). City of New Al
bany, Ind., guarantees $250,000 of 1st mortgage bonds.
I n terest P aym ents .—First mortgage interest due Sept. 11, 1893,
was paid at Louisville Trust Co. on July 1,1894, and the March 11,
1894, int. paid at American Nat. Bank o f Louisville, Ky., Sept 1,1894.
In 1892-93 gross earnings were $215,343; net, $126,703 ; interest,
$100,000. In 1891-92 gross, $198,359. (See V. 57, p. 510, 596, 683,
722; y . 58, p. 682, 773; V. 59, p. 697.)
K en tu ck y M id lan d .—Owns road Frankfort, Ky., to Paris, Ky.,
40 miles; completed in 1890. Extensions projected. Stock authorized,
$1,250,000; issued, $910,000; par, $100. First mortgage is for $5,000,000, trustee, Central Trust Co. In October, 1894, Geo. B. Harper
was appointed receiver. In year 1892-93 gross, $67,614; net, $11,622.
In 1891-92 gross, $63,383; net, $13,537.
K e n tu c k y U n io n .—See L exington & E astern .
K e o k u k Sc D es M o in e s .—Owns from Keokuk, la., to Des Moines,
la., 162 miles. Leased for 45 years from October 1,1878, to the Chicago
Rook Island & Pacific Railroad, the lessee to pay 25 per cent of the
gross earnings, but guarantees the interest (not the principal) on the
bonds. The stock is $1,524,600 8 per cent preferred and $2,600,400
common (par of each $100), a majority of which is held by the lessee.
Surplus for year 1891-92' was $21,221, against $8,525 in 1890-91.
Total eash surplus to Sept. 30,1892, $36,619, from which paid divi
dends on preferred in May, 1893, of $2 40 per share. Rental in year
1892-93 $158,721, against $146,025 in 1891-92.
K e o k u k Sc W e ste rn .—Owns Alexandria, Mo., to Van Wert, la.,
143 m.; operates to Keokuk, 5 m. Organized in 1886 after foreclosure.
Mortgage Note .—A 6 per cent note for $200,000, secured by mort
gage, payable at will, is outstanding. D ividends—In 1888,1 per cent;
in I89Ï, 2 ; in 1892, April, 1 ; Oct., 1 ; in 1893, April, 1 p. c.; Oct., 1 p. o.;
1894, June, 1 p. c.; October, 1 p. c.
E arnings, 9 months, ) 1894...................gross, $276,250 ; net, $87,890
Jan. 1 to Sept 30. 51893............ ...gross, 289,113; net, 96,912
A nnual R e p o r t .—Report for 1893 was in V . 58, p. 902. Gross
$386,645; net, $128,247; interest, $12,053 ; taxes, $15,934 ; construc
tion, etc., $6,632; dividends, $80,000 ; balance, $13,628; balance Deo.
31, 1893, $55,143. In 1892, gross, $407,151 ; net, $135,373. F. T.
Hughes, President, Keokuk, Iowa. (V. 56, p. 4 6 2 ; Y. 58, p. 902.)
K in g s County Elevated..—Owns double-track road through Ful
ton Street, Brooklyn, to former city line, 6*14 m iles; leases Fulton
Elevated, former city limits to Montauk Ave., thence to new city line,
3'78 miles, of which Logan St. to terminus, 0'9 miles, completed in
J . 7’ ,i$ 94* Extension from Fulton St. and Franklin Ave. to connect
with Brooklyn & Brighton Beach RR. is proposed.
Stock .—Under plan below mentioned company is to absorb the Ful
ton Elevated company. In October, 1894, K. C. stock was increased
from $3,250,000 to $4,750,000, the increase to be issued in exchange
for like amount of Fulton stock. In November the exchange had not
been affected.
B onds .—Interest on second mortgage bonds for three years ending
Oct. 1,1892, was funded into scrip.
8
A plan of readjustment proposed in June, 1894, and given in V. 58,
p. 1034, was as follows :
$3,377,000 K. C. 2d mortgage 5s with one year’s interest added, to
receive new incom e non-cum. debenture 6s.
JH 48 .6 5 0 t o a e a coupon » r i p of 1890 j »
$1,000,000 o f new 2d mortgage cumulative income “ A” 6s to be issued
for floating debt and future needs.
<«
$1,400,000
862,000
1,000,000
600,000
400.000
300.000
962,000
Jan. 1, 1930
May 1, 1920
Mar., 1911
April, 1919
Deo., 1916
June 1, 1920
Aug. 1, 1918
May
Oct.
Oct.
Dec.
1,
1,
1,
1,
1893
1923
1894
1909
Jan.
Apr.
Meh.
Jan.
June
1,
1,
1,
1,
1,
1925
1900
1929
1912
1928
Oct.
July
Jan.
Jan.
1,
1,
1,
1,
1919
1925
1917
1917
Nov. 15,1894
Jan. 1, 1937
July 1, 1941
Sept. 1, 1942
It is also proposed to consolidate the Fulton and Kings County com
panies, bringing the Fulton road under the Kings County 2d mortgage.
Of the Kings County 1st m. $200,000 are 6 s ; trustee is Mercantile
Trust Company of New York. (See abstract of first mortgage in V. 49,
p. 237.) The Fulton Elevated Railroad is leased for 99 years, and its
bonds guaranteed, principal and interest. Loans and bills payable were
$198,133 September 3 0,1894; unpaid interest on seconds and scrip,
$182,797; subscription to income bonds, $237,633.
E arnings .—
Gross
Net
Int., rent’ls,
Balance,
3 mos. to Sept. 30. earnings.
earnings.
taxes, <tc.
deficit.
1894........................ $148,739
$36,006
$91,837
$55,831
160,589
35,161
93,549
58,388
1893...................
A nnual R eport.—Fiscal year ends June 30. Annual statement for
1893-94, with balance. sheet, was in V. 59, p. 421, showing gross earn
ings $742,230; net. $233,257; interest on bonds, $269,800; other
interest, etc., $17,758; taxes, $ 4 7 ,9 2 0 ; deficit for year, $102,221. In
1892-93, gross, $941,620; net, $377,797. Presid’t, Gen. James Jourdan.
- (V. 57, p. 5 1 0 , 1040; V. 58, p. 4 30 ,7 73 ,7 74 ,1 03 4 ; V. 59, p. 421,835.)
K in g sto n Sc P em b rok e.—See Supplement of March, 1894. In
Oct., 1894, Joseph Gordon o f Kingston, Out., was appointed receiver.
K n o x v ille C um berland Gap Sc L o u isv ille .—Knoxville,
Tenn., with tunnel at Cumberland Gap, to L. & N. at Middles,
boro, 74 miles; branches, 7 miles. Default on 1st mortgage
coupons occurred December 1, 1892, and Clarence Cary was made
re-ceiver. Receiver’s certificates for $88,000 issued in July, 1894'
for building bridges. Mortgage trustee Central Trust Ce. Stock paid
in, $2,730,000; par, $100. Current liabilities July 1,1892, $508,377.
E arnings.—In year 1892-93 gross, $157,840; deficit from operating,
$20,195, against net of $29,418 in 1891-92. (V. 55, p. 1078.)
K n o x v ille Sc O h io.—Owns from Knoxville, Tenn., to Jellico,
Tenn., and branch, 69 miles LeasedNov. 1,1888, to E a d Tenn. Va. &
Ga. for 99 years for net earnings, but interest on bond<guaranteed by
rental. Lease assumed by Southern Ry. Co. and first mortgage 6s left
undisturbed. Stock is $1,122,200. Southern Railway owns $767,000
of the stock pledged under its consolidated mortgage of 1894.
ake Erie A llian ce Sc Southern.—Owns from Bergholz, O., to
Alliance, O., 36 miles. Major E. E. Scranton appointed receiver in
November 24,1893. See 7. 57, p. 938. This road is to be sold.
E arnings, 9 months, ) 1894................... gross, $53,911; net, $7,251
Jan. 1 to Sept. 30, >1893................... gros’s, 58,280; net, 9,438
In year 1893 gross, $77,792; net, $13,388. In 1892 gross, $83,659;
net, $20,768. (V. 57, p. 938; V. 58, p. 716.)
Lake Erie Sc W estern R a ilro a d .—(See Map.)—Owns from San
dusky, O., to Peoria, HI., 420 miles, and branch to Minster, 10 miles,
Indianapolis to Michigan City, 162 miles; Fort Wayne to Connersville
and branch to Rushville, 133 miles; total, 725 miles, of which 691 steel.
H istory , E tc.—Company formed in 1887 after foreclosure of the
Lake Erie & Western Railway. In March, 1887, purchased Indianapolis
Peru & Chicago, 162 miles, and in June, 1890. aoquired Fort Wayne
Cin. & Louisville. (See V. 50, p. 590.) The terminals at Indianapolis,
Peoria; Fort Wayne and New Castle are operated partly under lease.
The company lets about 88 miles of trackage and terminal rights, re
ceiving about $57,000 yearly. Purchase of Indiana Deoatur & West
ern was reported under consideration in November, 1894.
D ividends .
>Year. 1890.
1891.
1892.
1893.
1894.
on preferred— > Per ct.
4
4
4%
5
5
Bonds.—Abstract of first mortgage (Central Trust Company and A. L *
Mason, trustees), in V. 46, p. 45; of 2d mortgage (Cent. Trust Co. o f N. Y *
and Robt. C. Bell of Ind., trustees), in Y. 54, p. 444.
L atest E arnings.—January 1 to September 30 (9 months):
9 months—
Gross.
Net.
Fixed charges. B al., surp1894..................... $2,449,566 $1,052,217
$507,835
$544,382
1893..................... 2,695,433
1,103,876
485,973
617,903
A nnual R epo rt .—Fiscal year ends Dec. 31, Annual meeting is held
at Peoria on first Wednesday in October. Annual report for 1893 was
in V. 58, p. 548. The traffic is well distributed, only 7 per cent being
from coal. Average rate per ton per mile in 1893 was 0*704 cents.
Year end. Dec. 31.
1890.
1891.
1892.
1893.
Gross earnings............ $3,074,438 $3,273,355 $3,558,482 $3,512,620
Vet earnings................$1,275,656 $1,447,897 $1,620,359 $1,463,877
Ratio op.exp. to earn.
(58'51)
(55*77)
(54*46)
(58*33)
Interest on bond s....
332,750
363,771
434,667
444,972
Taxes and rentals___
146,503
155,068
200,033
205,498
Dividends..................... (4)473,600 (4)473,600 (5)592,000 (5)592,000
L
Balance, surplus. $322,803 $455,479
$393,659
$221,407
Betterments............... $223,256 $216,509
$119,219
$207,016
Calvin S. Brice, N. Y., President.—(V. 54, p. 443,444. 5 5 9 ; V. 56,
p. 3 3 0 , 6 6 6 ; V. 57, p. 556 ; Y. 58, p. 344, 54 8 ; V. 59, p. 879, 880.)
L ake B o la n d E levated (of Baltimore, Md.)—Operates 9 ^ miles '
double track, l 1 miles single track road in Baltimore, part of which is
^
an elevated steel structure, completed in summer o f 1893. Earnings
from July 1 to Sept. 30,1893 (3 months), said to be $50,039. Stock,
$1,000,000; par, $100. Mortgage trustee, Balt. Trust & Guarantee Oo
0919009
QO
O
O©
I
. fl
N ovember ,
1894.J
ßAILKOAD
STOCKS
AND
BONDS.
KI-NN»
IN V E S T O R S ’ SU PPLE M EN T.
IYou LIX
N o v e m b e r , 1894,1
RAILROAD
STOCKS
AND
BONDS
79
Subscribers w i l l confer a great favor by g iv in g im m ediate notice o f any error discovered in these T ables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount Rate per When Where Payable, and by pal, When Due.
Par
of
Stocks—Last
(For explanation of column headings, <feo., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
on first page of tables.
$100
¿Lake Shore < Michigan Southern—Stock_ ___ . . . .
6
_
....
100
Guar. 10 per cent stock (Mich. So. < No. Ind.) ... ___
fe
88 1868 500 &c.
Buffalo < Erie 1st m. (Buffalo,N.Y.,to Erie, Pa.) .o
fe
1,000
258 1869
Lake Shore div. bonds (Buffalo to Toledo, O.)— c
1,000
Consol. 1st mort.sink.fimd $250,000 yearly, c&r 859 1870
1,000
> Consol. 2d mort. (for $25,000,000), do........ c&r 859 1873
1,000
62 1876
Detroit Monroe < Toledo 1st mortgage, guar...c
&
1,000
37 1890
Kalamazo < White Pigeon 1st mort., guar......... c
&
1,000
41 1889
Bat. Cr. & Stur. 1st
g., guar. p. & i.(see M.Cen.)
29 1889
•Sturgis Goshen < St. L. 1st mort., g., p. & i. guar.
fc
....
Ï00
58
Kal. Allegan & Gr. Rapids stock, 6 p. c. guar.......
1,000
58 1888
\lst mortgage, guaranteed........................... .... c
1,000
51 1863
Jamestown & Frank. IstM. (L.S. owns $251,000) .0
........
26
Eile & Kalamazo© (leased) st’k, Toledo to Adrian
50
....
43
Lake Shore System—Mahoning Coal RR.—Stock—
50
....
43
preferred stock, guaranteed 5 p. c. See tex t...
1,000
43 1884
1st M., Youngs, to And., etc., guar. p.&i.(end).e
1,000
¿Lake St. (Chic.) 'Elevated—istM . $6,500,000, gold.
7*2 1893
1,000
46 1882
Leav. Top. & S. W —lstM .,3
aguar.byAt.&1
sbyUn.P.
1,000
41 1881
Lehigh < Hudson River—1st M.,g.,int.red’c’dto 5p.c.
&
1,000
63 1887
2d mortgage..............................................................
Warwick Valley 1st & 2d Ms. ($240,000 2ds,1912) Text. ’79-’ 81 50Ó &c.
7 1880
1,000
63 1890
Leh. & Hud. River Con.M.for $3,000,000, go Id.. c*
500
25 1877
Lehigh 4k Lackawanna—1st mort. ($100,000)........
50
Lehigh Valley—Stock ($106,300 is 10 p. c. pref.)...
1,000
Bilst”mortgage, coupon and registered..................... Ï0 Ï 1868
1,000
2d mortgage.............................................................r 101 1870
1,000
P Con. M.. sterling, g.,s.f.2 p.c.y’rly, dr’n at par.c&r 285 1873
1,000
13 do
ooup. and regis., $4,762,000 are 4*28.c&r 285 1873
1,000
Ü do
annuity, $2,538,000 are 41
2S................... 285 1873
1,000
Leh.Val. of N.Y., 1st M., gold, gu. p. < i.(end.)c*&r 283 1890
fe
1,000
31 1891
Leh. Val. Terminal Ist M. g., gu. p.&i.,end.,c*&r.
$49,466,500
533,500
2,755,000
1,355,000
15,140,000
24,692,000
924,000
400,000
79,000
322,000
610,000
840,000
298,000
300,000
1,500,000
661,850
1,500,000
5,500,000
1,380,000
800,000
209,800
385,000
65,000
584,000
100,000
40,441,310
5,000,000
6,000,000
1,329,000
10,400,000
11,000,000
15,000,000
10,000,000
See text.
10 peran
7
7
7
7
7
5 g-
F. & A. N. Y.,Grand Cent. Office.
F. < A.
fe
do
do
A. & O.
A. < O.
&
See text
J. & D. C o u p o n s are paid
F. & A.
by Treasurer at
J. «fe J.
G r a n d C en tral^
J. «& D.
Stat’n, New York,
J. «fe D.
and registered in3 g.
6 per an. A. & O.
terest by Union
5
J. «fe J.
Trust Company.
7
J. «fe J.
10 p. an. F. «fe A. N. Y., Gr. Cent. Station.
See text. F. < A. N. Y., GFd Cent. Stat’n.
fe
5 per an. J. «fe J. N. Y., Union Trust Co.
do
do
5
J. «fe J.
5 g- J. «fe J. N.Y.Farm’L.«feT.«fe Chic.
4 g. J. «fe J. July, ’93, coup, last pd.
5
J. «fe J. N. Y., Nat. Exch. Bank.
5
do
do
J. «fe J.
6
A. «fe O.
do
do
do
do
6
J. «fe J.
do
do
5 g. J. «fe J.
Philadelphia.
7
J. «fe D.
See text. Q.—J. Phila., 228 So. Third St.
6
J. «fe D. Reg.atoffice; op.Bk.N.A.
M. «fe S. Piula. Of., 228 So. 3d St.
7
do
do
6
J. «fe D.
4*2 & 6 J. «fe D. Reg.at omce;cp.Bk.N. A.
4*2 < 6 J. «fe D. Phfia., Of.,228 So. 3d St.
fe
4*2g. J. «fe J. N.Y.,Merch.N. Bk.«fePh.
&
do
do
5 g. A. < O.
Aug. 1, 1894
Aug. 1, 1894
Apr. 1, 1898
Apr. 1, 1899
July 1, 1900
Deo. 1, 1903
Aug. 1, 190«
Jan. 1, 1940
Deo. 1, 1989
Dec. 1, 1989
Oot. 1, 1894
July 1, 1938
Var. to J ’ly,’97
Aug., 1894
Aug. 1, 1894
July 1, 1894
July 1, 1934
July 1, 1928
July 1, 1912
July 1, 1911
July 1, 1917
1899 < 1911
fe
Jan. 1, 1900
July 1, 1920
Dec. 1, 1907
See text.
June 1, 1898
Sept. 1, 1910
Dec. 1, 1897
Deo. 1, 1923
Irredeemable*
July 1, 1940
Oct. 1, 1941
St o c k , fully paid, $10,000,000; par, $100. B onds —Provision was
L a k e Shore Sc M ich igan Southern.—(See Map N. T. Central)
Operates irom Buffalo to Chicago with branches. The system, wel1 made by the company for interest on the bonds during construction and
shown on the map, is made up as below. The main line (540 miles) for the first two years thereafter. The bonds are not to exceed $850,Includes 26 miles betweenToledo and Adrian, Mich., under lease from 000 per mile on extensions of road and equipment. Financial agents
and trustees under the mortgage, American Trust & Savings Bank,
the Erie < Kalamazoo.
fe
fe
Leased, [Usee this Co..]
Miles. Chicago; Farmers’ Loan < Trust Co., co-trustee. New York.
Road owned directly.
Miles.
59
Buffalo, N. Y., to Chicago, 111..540 Kalamazoo A. & G. R ...........
L eaven w orth T opek a Sc S. TV.—Owns from Leavenworth to
51 Meriden Junction, in Kansas, 47 miles. Union Pacific ceased operating
Sundry branches....................... 319 Jamestown & Franklin........
Mahoning Coal R R ................
50 this road in March, 1894. C. L. McLellan appointed receiver April 20.
Entire stock owned.
fc
Detroit & Chicago..................... 62 Erie < Kalamazoo (26 m .)___Text. Bill of foreclosure filed in April. V. 58, p. 716. Stock ($1,380,000) is
Detroit Monroe & Toledo........ 62 Detroit Hillsdale & S. W...TÏ 65 owned $550,900 each by Un. Pao. and Ateh. Top. & Santa Fe. Of the
Kalamazoo & White Pigeon... 37 Fort Wayne & Jackson___.U 98 bonds $690,000 are guar, by U. P., the balance by Atchison. Coupons
Northern Central Michigan___ 61
due Jan. 1, 1894, were not paid. Accounts payable were $1,046,350
Grand tot. oper. Jan. 1, 94.1,449 Jan. 1.1894. In 1893 gross $29,341; deficit from operating, $30,151.
Sturgis Goshen < St. Louis, &c. 45
&
Of the main line 499 miles has double track. By control of “ Nickel against $30,735 in 1892; interest charges and taxes, $64,108; deficit
under charges in 1893, $94,259. (V. 58, p. 430, 512, 716.)
Plate” the Lake Shore has still another line from Buffalo to Chicago.
Lebanon Springs Railway.—Chatham, N. Y., to Bennington, Y t.,
Organization , &c .—A consolidation on Aug. 16,1869. The N. Y . Ch. &
St. Louis (Nickel Plate) road has been controlled by ownership of 57 miles. Successor to the Lebanon Springs Railroad sold in foreolos ure in May, 1893. Capital stock $1,427,500. In year 1892-93 gross,
stock since 1882, Lake Shore now owning $6,240,000 of its common,
$6,275,000 of its 2d preferred and $2,503,000 of its 1st preferred stock. $64,652; deficit under oper. exp., $6,921, against $9,192 in 1891-92.
The oompany also controls and leases the Mahoning Coal RR. [see Lake
L eh igh Sc H u d so n R iv e r.—Owns from Greycourt, on Erie Road
Shore “ System” below] and owns (besides the entire stock o f the pro to Belvidere, N. J., 63 miles. Proprietary line—Hudson Junction to
prietary lines) $2,000,050 Pittsburg & Lake Erie stock.
Maybrook, N.Y.. on P. R. & N. E. (Pough. Bridge route) 11 miles; track
Ca p it a l Stock .—The stock has remained at $50,000,000 since age Pennsylvania RR., Belvidere to Phillipsburg, 13 miles; other mile
1871. The guaranteed stock of $533,500 carries 10 per cent dividends age, 3 miles; total operated, 90 miles. In August, 1888, the Central
of N. J. purchased about one-tbird the company’s stock, and this, with
D ivid en ds .—On > Year. 1887. ’88. ’ 89. ’90. ’91. ’92. ’93. ’94! the stock held by the Lehigh Coal & Nav. Co., controls the road. Car
trusts, June 30,1894, $104,595; loans and bills payable, $397,946.
com. since ’8 6 ) P. ct. 4
4
5
5
6*2
6
6
Stock, $1,340,000; par, $100. Warwick Valley 1st mort. covers 15
B onds .—Interest on the consol, first mort. is paid on coupon bonds miles of road; 2d mort. covers 22 miles.
J. < J., on registered bonds Q.—J. The first consol, or the bonds prior
&
E arnings .—In year ending June 30, 1894, gross, $480,856; n e
thereto are redeemed each year by $250,000 contributed to the sinking $133,128; other income, $16,SOL; interest, rentals and taxes, $142,t, ■
fund. The bonds outstanding are given above less the amounts held in
271; balance, surplus, $7,658. In 1892-3, gross, $507,167; net $164,the sinking funds, which amounted to $5,750,000 J an. 1,1894.
606. Grinnell Burt. President, 80 Broadway, N. Y. City. (V. 55, p.
G uaran ties .— In addition to securities in table above, company 298, 5 4 3 , 935, 1 0 7 6 ; V. 56, p. 290, 836; V. 57, p. 510, 1 0 8 2 ; V.
uarantees by endorsement on each bond $1,000,000 Cincinnati & 58, p. 345, 864; V. 59, p. 291, 421.)
pringfield 1st 7s, described under Cl. Cin. Ch. < St. Louis. See also
fe
L eh igh Sc L a ck a w a n n a .—(£ee Map Central RR. o f New Jersey.)
Detroit Hilsdale < S. W. and Fort Wayne < Jackson.
fe
fe
—Owns from Bethlehem, Pa., to Wind Gap, Pa., 25 miles Operated by
G en e r a l F inances , &c .—Vanderbilt road having a large business Central of N. J. under special contract. Stock $370,500; par, $50.
Second mortgage for $500,000 is held by the Lehigh Coal & Nav. Co.
greatly dependent on traffic from competitive points.
Nothing has been charged to construction or equipment account since and no bonds issued.
1883, the outlays therefor charged to operating expenses amounting in
L eh igh V a lley.—(See Map)—Main line, Jersey City, N. J., opposite
1893 to $2,164,619 for new equipment and $478,822 for construction,
to Audenriea, Tomthese items being exclusive of expenditures for renewals. Profit and' N. Y. City, to Buffalo, N. Y., 448 miles ; branches Railroad, 114 miles;
hicken, Hazleton, «fee., 442 miles; Southern Central
loss surplus Jan. 1,1894, $12,019,106.
State Line < Sullivan Railroad, 24 miles. Total system 1,028 miles ;
fe
second track, 525 miles. Trackage: Penn. RR., 59 miles; N. Y. Central,
L atest E arnings .—For 6 months ending June 30 :
6 mos.— Gross.
Net.
Int., rent., etc.
Div’nds. Bal., surp 15 miles; Penn. Division of Pa. Poughkeepsie & Boston.
1 8 9 4..
..$9,396,327 $3,201,241 $1,680,000 (3) $1,483,995 $37,246H is t o r y , E tc .—Company opened a through line of its own from
1893.. .. 11,816,580 3,437,910
1,680,000
(3) 1,483,995 273,915 New York to Buffalo Sept. 1,1892, and discontinued trackage o f 188
&
A nnual R epo rt .—Fiscal year ends December 31. Annual meeting miles over the Erie. Lease to Philadelphia < Reading for 999 years
is held the first Wednesday in May, at Cleveland. The annual report from December 1,1891, was terminated Aug. 8,1893.
for 1893 was published in Y. 58, p. 754, 772.
Co a l P r o p e r t y .—The Lehigh Valley RR. Co. owns 3,619 acres of
coal lands and all the ($650,000) stock of the Lehigh Valley Coal Co.,
Tears—
1890.
1891.
1892.
1893.
which in turn owns anthracite coal and surface lands as follow s:
Miles operated........
1,445
1.445
1,445
1,440
Total gross earnings $20,865,760 $21,431,385 $22,415,382 $23,685,932
Total aeres. Coal acres.
Est'd. yield
Oper. exp. «& taxes. 14,220,481 14,632,675 15,830,190 17,123,913 Owned in fee............................... 16,217
7,242
124.000. 000
5,741
Perpetually leased......................- 8,123
111 .000 . 000
Net earnings....
$6,645,279 $6,798,710 $6,612,192 $6,562,019 Term leases................................. 1,708
1,708
47.000.
000
P.c.of op.ex.to ear’gs
68*15
68'27
70*50
72*29
Controls through stock owned.. 9,229
4,519
50.000. 000
Net, incl. oth. inc’me
$7,144,037 $7,254,333 $7,095,433 $7,021,151
There are 46 collieries, with a daily capacity o f about 30,000 tons.
Rentals paid............
$564,419
$557,153
603,546 $597,395
The Coal Co. in 1893 sold 1,748,545 tons ol coal. V. 58, p. 383, 636.
Interest on debt....... 3,225,723
3,204,370
3,201,710 3,173,762
D ividends.—On ) Y ea r......... ’86. ’87. ’88. ’89. ’90. ’91. ’92»
Divid’s on guar. s’k.
53,350
53,350
53,350
53,350
com. since’85. J Per cen t... 4
4*2
5
5
5
5
Ò3
*
Dividends................. (6)2,967,990 (6)2,967,990 (6)2,967,990(6)2,967,990
In 1893, Jan., 1*2 p. o.; Apr., I t i P- c.; July, It* p. o.; none sinoe.
Surplus over divs. .
$332,555
$471,450
$268,837
$228,654
B onds .—The consolidated mort. of 1873 (trustee. Fidelity Insurance,
Trust &
$40,000,000, of
—(V. 56, p. 375, 500, 7 3 3 , 7 5 1 , 923,1056; V. 57, p. 6, 342, 894,1064, reserved8. D. Co. of Phil.) is for prior liens whenwhich $12,000,000 are
to retire $11,000,000
due. The bonds are
1083; V. 58, p. 384, 7 5 4 , 7 72, 902,1073,1092; Y. 59, p. 423, 780.)
issued in three series, of which the sterling issue, “ class A,” is subject to
L ake Shore System .—M a h on in g Coal R R .—Owns from call at par in increasing amounts each year, $302,000 being the amount
Youngstown to Andover, O., and branch, 50 miles. Leased in per payable in 1893. A second series is composed of the “ coupon and reg
petuity for 40 per cent of gross earnings to Lake Shore, which Jan. 1, istered” bonds, which are not subject to call, but which prior to Nov.
1894, owned $865,900 of its common and $399,500 of its preferred 13,1893, were convertible at option of holders into bonds of the third
stock. The preferred stock certificates contain a clause making them series, these last being annuity bonds and irredeemable, never falling
redeemable at par at option of Company, but it is understood the due except in case of default. All these Issues are equally secured.
option will not be exercised. Dividends paid on common stock:
G u aranties .—Lehigh Valley Railway Co. o f New York.—Owns road
In 1889 4*2 p. c.; in 1890, 5; in 1891, 4*2! in 1892, Feb. 5^ ; Aug., 3; from Buffalo, N. Y., to near Sayre, Penn., 175 miles double track, and
in 1893. 8 p. c.; in 1894, Feb., 5 per cent; Aug., 3 per cent. Gross branches to Ithaca, Auburn, Cayuga, etc., 105 miles; total, 280 miles.
earnings in 1893 were $591,877, against $614,502 in 1892; rental, Stock all owned by Lehigh Val. RR. Trustee of mortgage, Girard Life
$245,134; surplus over interest and dividends, $15,228.
Insurance Co., Pbila.; abstract V. 51, p. 114, and V. 54, p. 203, 965.)
Lehigh Valley Terminal Railway.—Owns double-track road from South
L ake Street (Chicago) Elevated.—Owns in Chicago a double
track elevated railway, Market St. from Madison St.to Lake St., thence Plainfield, N. J., to Jersey City, with about 125 acres at Jersey City and a
large water front there and other property; its stock of $10,000,000
to the Western city lim its; also a single track loop from Market St.,
through the business centre, making altogether 7*2 miles. Road turned is owned bv the Lehigh Valley RR. (See V. 53, p. 640, 880.) Central
•
Trust Co. of New York, trustee.
ever to the company by the contractor March 1,1894.
f
INVESTORS’
SUPPLEMENT.
[You Lix,
N o v e m b e r , 1894. J
KAILROAD STOCKS AND
BONDS.
81
Subscribers w ill confer a great fa v or by ¡giving im m ediate notice o f any error discovered in these Tables.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Leh. V al.fC on.)—Penn. & N. Y.—IstM . end...o*<fcr. 105 1866 $1,000 $3,000,000
7
J. & D. Phila.. Bk. N. America. June,’ 96 A ’06
Penn. AN.Y.Gen.M., $10',000,000,j;u.p.&i. (end.)r 105 1888
1,000
7,000,000 4 A 5 A. A O. Phila., Lehiirh Val. RR. Apr. 1, 1939
Easton & Amboy,1st M.Easton to P. Amboy,guar.
60 1880
1,000
6,000,000
5
M. & N. Phila., Of., 2 28 So. 3d St. May 1, 1920
Delano Land Co. bonds, gold, guar. p. &i. (end.)..
1892
1,000
1,200,000
5 g. .1. A J.
do
do
Jan. 1, 1932
Morris Canal stock, 4 p. o., guar. 999 years..........
100
1,025,000 4 per an F. A A.
do
do
Aug. 1, 1894
Preferred stock, 10 p. c., guar. 999 years.. . . . . .
100
1,175,000 10 per an F. & A.
do
do
Aug. 1, 1894
L.V.CoalCo.lst M.$12,000,000,g.s.f.,not drn.c*&r
1893 l,000A(
3,400,000
J. A J. N. Y. and Philadelphia. Jan. 1, 1933
\ Snow Shoe, 1st mortgage, not guaranteed.......r
500
500,000
I e- J. & J.
Jan. 1, 1910
Lexington & Eastern—1st M. and gen. M. See text,
1894
2,500,000
5 g.
1900 A 1935
Little Miami—Sfk,com.,gu.8p.c.,99 yrs.,P.C. ASt.L,
' "5 Ó
4,943,100 8 per an. Q .-M . Cinn., Office, LstNat.Bk. Sept. 10,1894
Street con. 2d mort. (now 1st.)........................¿..c
2 1864-8 1,000
275,000
6
Various
do
do
1898
Renewal mortgage.................................................c
84 1882
1,000
1,500,000
5
M. & N. N. Y „ Bank of America. Nov. 2, 1912
Betterment bonds ($3,000,000) convertible...
84 1892
1,000
694,000
7
A. A ().
do
do
Apr. 1, 1932
Little Bock < Memphis—First mortgage, gold........o 133 1887
&
1,000
3,250,000
5 g. M. A 8.
See text.
Sept. 1, 1937
Little Sc/vuylkM—Stodk...^.......... ............................ .
28
50
2,487,850 7 per an. J. A J. Phila., Of., 410 Walnut July 10,1894
Long Island—Stock............. .....................................
50 12,000,000 See text. Q .- if. N. Y., Corbin Bank’g Co. Nov. 1, 1894
1st mort., mainline, L. I. City to Greenport... .e:
94 1868
500
1,121,000
7
M. A N.
do
do
May 1, 1898
2dinortgage.......................................................... fra 158 1878 100 &c.
268,703
7
F. A A.
do
do
Aug. 1, 1918
ConsoL mortgage, gold, $5,000,000................
180 1881
1,000
3,610,000
do
5 g. Q.—T.
do
July 1, 1931
General mortgage, gold.................................. .. . . o ’ 180 1888
1,000
3,000,000
.
do
4 g. ,T A D.
do
June 1, 1938
Metropolitan Ferry Co. 1st M., gold,red. at llO.o*
1887 500 Ac,
1,250,000
5 g- M. A N.
do
do
Nov. 1, 1937
L. I. RR. mort. on ferry for $2,750,000, gold...c*
1892
1,000
1,500,000
41 M. A 8.
2g.
do
do
Moh. 1, 1922
Mortgage bonds of 1932 for $500,000, gold........
1892
1,000
325,000
do
4 g. ,1. A D.
do
June 1, 1932
Debenture bonds ($1,500,000).................. ..........
1894
1,275,000
5
,T A D.
.
do
do
June 1, 1934
New York & Flushing 1st mortgage, assumed___
2 1880
1,000
125,000
6 ♦M. A 8.
do
do
Moh. 1, 1920
Brooklyn A Montauk 1st M., $250,000 are 6s...o*
76 1881
1,000
1,000,000 5 & 6 g. M. A S.
do
do
Mch. 1, 1911
2d M., g., assum., Bush. Sta. to Eastp, & brs.o'
76 1888
1,000
600,000
5 g. J. A D.
do
do
June 1, 1938
Long Island City & Flushing 1st M,. assumed..c*
1881
1,000
600,000
6
M. A N.
do
do
May 1, 1911
Consol, mortgage gold, assumed..................... c"
1,000
1887
650,000
do
5 g< M. A N.
do
May 1, 1937
New York & Rookaway 1st mort., int. only guar..
3% 1871
500
250,000
7
A. A O.
do
do
Apr. 1, 1901
Smithtown A Port Jeff 1st M., guar. p. A 1. (end.)
1871
500
75,000
7
M. A 8.
do
do
Sept. 1, 1901
L.I.RR. North Sh.Br.consol.M.$l,500,000, guar.c* 19 { 1892
1,000
1,075,000
do
5 g- Q.—. r.
do
Oct. 1, 1932
:N. Y. Bay Ext. RR. 1st M, gold, gu. p. & i., end..c
6 1893
1.000
200,000
do
5 g. J. A j .
do
Jan. 1, 1943
Morris Canal. — Leased for 999 years and dividends guaranteed. H. Smith, Henry De Coppet and Henry K. Sheldon. Depositary, Cen
{Bonds all owned by Lehigh Valley. Water-shed supplies city of Newark tral Trust Co., N. Y. In October, 1894, $1,720,000 bonds had been de
with water. See V. 50, p. 137.
posited and receipts were listed on N. Y. Exchange.
Pennsylvania & New York Canal < Railway.—Leased for 99 years
6
Stock , $3,250,000; par, $100. In 1892 gross earns., $519,230; net»
from December 1,1888, to Lehigh Valley, which has assumed its debt $47,181. In 1891 gross, $709,083; net, $186,345.—(V. 58, p. 550, 636 *
and owns all its stock. General mortgage bonds of 1889 (trustee, Girard V. 59, p. 742.)
Life Insurance Co.) are reserved to take up prior bonds when due.
L it tle S c h u y lk ill.—Owns from Port Clinton to Tamanend, 28
Lehigh Valley Coal Co.—See “ Coal Property” above.
miles. Leased July 7,1868, to Philadelphia A Reading for 93 years.
F loating D ebt .—Company reported floating debt Nov. 30,1893, to
I s la n d .—Owns from Long Island City, N. Y., to Greenport.
be $3,870,000, secured by L. V. Coal Co. bonds.
N. Y., 95 miles; Long Island City to Great Neck, 14 miles: BushG en e b a l F inances .—In 1894 the Lehigh Valley owned $8,600,000 wick to Sag Harbor, 97 miles; branches, 97 miles; total owned, 303
Lehigh Valley Coal Company bonds, the balance having been sold. miles. Operates North Shore Branch road (formerly Smithtown &
Dividends had been paid regularly for 35 years, when in 1893 the Oc Port Jefferson RR.), 19 miles; leases New York A Rookaway RR., 9
tober dividend was omitted. It was thought the suspension of dividends m iles; Brooklyn A Jamaica RR., 10 miles; New York Brooklyn A
would be temporary. In Jan., 1894, $1,750,000 received from its int. Manhattan Beach Railway and branches, 20 miles; total leased, 58
in Newark Water Co. was to be applied to the float, debt. V. 58, p. 223. miles. Total of all, 361 miles, of which 91 miles has second track.
In November, 1894, the Lehigh Valley Company contracted for the Also operates N. Y. & Rookaway Beach RR.,12 m., earns, kept separate.
building of 1,40k) new coal cars.
The N. Y. Bay Extension RR. was completed from Garden City to Valley
R eport of earnings from Aug. 8 ,18 9 3, to June 3 0,1 8 9 4 (about 11 Stream, 8 miles, in 1894.
months), show s:
Organization , Stock , E tc.—Control was acquired in December.
$15,844,960 Fixed charges........... $4,749,676 1880, by the “ Long Island Company,” controlled by Austin Corbin
G ross............
and others. In July, 1881, the stock was increased from $3,260.700 to
Net..........................
$4,256,093 Dividends on com...... ( l^ ) 504,185
•Other incom e...................................1,561,397 on pref.......
Dividends
(5) 5,315 $10,000,000, and in 1889 to $12,000,000 to purchase Brooklyn & Mont’ k.
A controlling interest in the stook of the Pros. Park & Coney Island
Total n e t .................. $5,817,490
Balance, surplus....
$558,314 —which see—was acquired in 1893. See also V. 56, p. 42. In February,
1893, the company bought, and issued a mortgage for $500,000 upon
Operating expenses include $866,297 spent for additions; including the Stewart RR. In May. 1893, the Montauk Extension RR. Co. was
&his, the total surplus June 30,1894, was $6,282,570; “ open account
organized, with capital of $500,000, to build to Culloden Point, 25 miles.
liabilities were $3,687,061.
D ividends.—In 1882, 1; from 1883 to 1890, both inclusive, at the
A nnuat, R eport .—The fiscal year ends November 30. The report for rate of 4 per cent per annum; in 1891, 4*2; in 1892,5; in 1893, 5 p. o.;
1892-93 was in the Chronicle , V. 58, p. 80.
in 1894, Feb., l ^ p , c.; May dividend reduced to 1 p. c. on account o f
Year ending Nov. 30—
1891.
1892.
general depression in business and extraordinary expenses; Aug., 1 p.o.:
1893.
,
Earnings from coal. $8,679,884
$9,225,027 Nov., 1 p. c.
Miscellaneous freight......... 5,944,820
6,009,420
B onds.—Central Trust Co. is trustee of general mortgage of 1888.
Passengers................
2,149,298
2,606,026
The ferry mortgage for $2,750,000 covers all the real and personal
Mail, express, etc.....
554,307
770,304 property pertaining to the company’s ferries (34th Street and James
Slip); $1,250,000 bonds being reserved to retire the M etropolitan F erry
<<
nD
Total gross......... $17,328,309
$18,610,777 mortgage. Trustee Central Trust Co. See V. 54, p. 597.
i
■Op. expenses, incl. rentals. 13,075,909
12,705,360
The mortgage 4 per cents o f 1892 are secured by purchase money lien. I
Debenture bonds for $1,500,000 were authorized in 1894 to provide
ss
Net earnings...... $4,252,400
$5,905,417 for improvements made during the year or now in progress.
531!
Income from invest, etc___ 1,581,951
363,233
P<§
Guaranties .—in addition to guaranteed bords in table above the
Long Island guarantees
®t
o
Total net incom e.. . . . . . $5,834,351
$6,268,650 New York Brooklyn & bonds o f the following companies—which see. ;
tori
Interest on debt...........
2,817,240
4,179,860 Beach and Prospect ParkManhattan Beaoh, New York & Rookaway
®S
& Coney Island.
Gen’l expenses, incL taxes.
723,510
522,377
The L. I. RR. North
are an absolute
Dividends........ ................... 2,070,370
1,016,343 first mortgage (except Shore Branch Company’s bondsJefferson bonds
for $75,000 Smithtown & Port
Balance, surplus................
$266,231
$550,070 not yet exchanged) upon the road from Northport Junction to Port
Jefferson, 19 miles, and on the easterly extension of 12 miles, which
- ( V . 56, p. 1 2 5 , 288, 373, 413, 463, 753; V. 57, p. 145. 255, 510, 548. is to be built with bonds held in reserve. The bonds are uncondition
<638, 853, 854, 893,979; V. 58, p. 8 0 ,1 2 5 ,1 2 7 , 223,306; V. 59, p. 834.) ally guaranteed as to principal and interest, and are so endorsed.
L exin gton & E astern .—Owns from Lexington, Ky., to Jackson’ Mortgage trustee is Central Trust Company. V. 55, p. 322.
The New York Bay Extension RR. bonds (Central Trust Co., trustee),
K y ., about 92 miles.
A reorganization of the Kentucky Union, sold in foreclosure in will be a first mortgage on about 17 miles of road from Garden City
March, 1894. Stock is $500,000. First mortgage is for $1,000,000; to Manhattan Beach RR.; 6 miles now built; total authorized, $600.trustee, Central Trust Company, New York. General mortgage is for 000. Capital stock, $600,000. See V. 57, p. 723.
$2,500,000, o f which $1,000,000 reserved to retire the firsts; trustee
General F inances.—In the spring of 1894 $1,275,000 debenture 5 s
‘Continental Trust Co., New York. (V. 59, p. 697.)
were sold, aud a like amount of loans and bills payable issued for im
provements were retired. On June 30,1894, mortgages on real estate.
Litchfield C arrollton & W e ste rn .—See Supplement of Sep $291,238; equipment trust, $366,195; the funded debt in year 1892-93
tember, 1894.
increased $520,000. New York Bay Extension Railroad bonds for
L ittle M ia m i.—Owns from Cincinnati, O., to Springfield, O., 84 $200,000 were issued in October, 1893. Renewals of rails are being
miles; branch, Xenia, Q., to Dayton, O., 16 miles; leases, Columbus A made with 76 to 80-pound steel rails.
Xenia RR., Xenia, O., to Columbus, Ohio, 55 miles; Dayton A Western
L atest E arnings.—July 1 to Sept. 30, 3 months.
RR., Dayton, O., to Indiana State Line, 38 miles; Ohio State Line to
3 mos.
Gross.
Net.
Oth. inc. In t.,ren t.,tax. B al.su r
Richmond,Ind.,4 m.; Cin. St. Connecting RR., 2 m.; tot. operated, 199 m
$633,475
$66,398
$288,586
$411,287
1894.......$1,405,472
L ease .—On Dec. 1, 1869, leased to Pittsburg Cincinnati A St. Louis! 1893......... 1,450,515
623,147
51,448
258,825
415,770
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years,
A nnual R eport.—Fiscal year ends June 30. Annual meeting is held
renewable forever. The Penn. RR. Co. is a party to the contract and
guarantees its faithful execution. Rental is 8 per cent on $4,943 100 the second Tuesday in April. Report for 1893-94 was in V. 59, p. 834.
«stock and interest on debt. There is $100,000 6 per cent permanent In year 1893-94 of the gross $2,353,569 was from passengers:
capitalized debt; interest J. & J. Lessee’s report for this road shows $1,309,228 from freight; balance, mail, express, Ac.
net loss to lessee: In 1887, $298,405; in 1888, $421,355; m 1889
Year ending June 30— 1891.
1892.
1893.
1894.
$385,873; in 1890, $384,451; in 1891, $452,748; in 1892, $230,636; in Gross earnings........... $4,061,899 $4,171,524 $4,300,336 $4,143,433
1893, $204,871. Stock authorized, $8,000,000.
Operating expenses.. 2,529,239 2,734,416 2,833,892
2,690,085
B onds.—In January, 1890, stockholders authorized $3,000,000 7 per
Net earnings.$1,532,660
$1,437,108 $1,466,444 $1,453,348
cent bonds (to be issued to the lessee from time to time in payment for
betterments), and also $3,000,000 stock, into which the bonds shall be Total net.................... $1,593,257 $1,518,246 $1,593.189 $1,555,746
528,043
convertible. Early in 1894 $694,000 of these bonds were issued. Julv Interest on bonds......
556,705
576,859
589,528
1 ,1 8 9 4, $250,000 firsts falling due were paid.
Taxes.................
131,276
130,878
155,563
172 726
Rentals..............
175,582
178,603
211,633
240,768
L ittle R o c k & M em p h is.—Owns from Little Rock, Ark., to Missis
25,191
28,874
29,839
33,069
sippi River, opposite Memphis, 133 miles. Of the coupons due Sept. 1 Interest and discount.
Dividends.................. (4) 480,000 (5) 600,000 (5) 600,000 (4%)570,000
1892, part only were paid. (See V. 56, p. 463.) In June, 1893, Rudolf
Fink was appointed receiver. Extension, Little Rock to Wistar Junc
Balance, surplus.. $253,165
$23,186
$19,295 def.$50,345
tio n , I. T., proposed.
Includes ferry operations also.
R eorganization .—Bondholders’ committee consists of F P —(V.56, p. 42, 164, 247, 608, 625, 973 ; V. 57, p. 510, 59 4 , 80 7 , 936;
«Oloott, Chairman, 52 Wall Street, N. Y.; Augustus D. Juilliard, James V. 58, p. 307, 682, 816; V. 59, p. 599, 8 3 4 , 879.)
’
*
8 2
INVESTORS’
SUPPLEMENT.
[ Vo l . LIX,
N ovem ber,
1894. J
RAILKOAD
STOCKS
AND
BONDS,
8 $
Subscribers w ill confer a great fa v o r by giv in g im m ediate notice o f a n y error discovered in tbese Tables.
RAILROADS.
on first page of tables.
Louisiana Western—1st mortgage, gold................o*
Louisv. Evansv. < St. L. Consol.—1st mort.E.R.&E.
&
1st mortgage, gold................ .............................. e*
2d mort., with voting power, gold, unassented.o’'
Hunt. Tell. City & C. RR. 1st mort. gold, guar.c*
Illinois & St. Louis 1st mortgage........................ o*
Ven.&Car. 1st Ms., due Dec.,1900 &Apr.1,1902. o*
L. E. & St. L. consol, mort., gold ($8,000,000)..c*
General mortgage for $15,000,000, gold........... c*
Louisville < Nashville—Stock............................ .......
&
Consol. 1st mortgage (now 1st lien)................... c*
Memphis & Ohio 1st M., Paris to Mem., g.,guar. .0'
Mem.Clarks.&L.lstM.,£,Guthrie to Paris,Tenn.o'
Cecilian Br.lstM.,Cecil.to Louis. ,s.f. ,dr’n at 100.0*
E.H. &N. IstM. .Henderson to Nash. ,g,dr’n at 110. c*
Louisville Ry. Transfer 1st M ................... . . , .......
Louis. & Nash, general M., gold, drawn at 110.c*
10-40 Adjustment Mort., gold (red. aft. 1894).c*
L. C. &Lex. lstM .,s.f.(notdr’n)Louis.toNewp’t.e*
2d mortgage, sinking fund, not drawn______ c*
L. & Nash.bds., S.&N. Ala.RR., 2dm. as coLgolcLc*
Pensacola Division 1st m., gold (dr’n at 105). .c*
N. O. & Mob. Div. 1st M., N.O.to Mobile, gold.o*
2d M., N. O. to Mobile, gold.......................... c*
Southeast & St. L. Div. 1st Mort., gold............c*
2d M., gold, East St. L. to Evansville & b r.. c*
General mortgage L. C. & L., gold...................c*
1st M. (50-year 5s), $15,000 p.m., gold........... c*
1st mortgage, collat. trust ($7,000,000), gold.c*
Unified mortgage for $75,000,000, gold___c*&r
L. & N. 2-10 gold obligations, $5,000,000........
Pens.&At. 1st M..gold,s.f.,dr’n at llOassumed.o*
Kentucky Central—Coving. & Lexing. m ort, ext.
Bonds—Princi INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due,
Amount
of
of
Par
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent.
Whom.
Dividend.
112 1881 $1,000 $2,240,000
6 g. J. À J. N.Y. , S. Pac. Co., 23 B’rd July 1, 1921
72 1881
1,000
900.000
6
J. A J. July ,’94, pd. Aug. 30,’94 June 1, 1921
182 1886
1,000
2,000,000
6 g- A. A O. Apr. ; ’ 94, coup, last pd. Oct. 1, 1926
182 1886
1,000
670,000
6 g- A. A o . Apr. ’94, coup, last pd. Oct. 1, 1936
24 1887
1,000
300,000
6 g- A. A o . Apr. , ’94, coup, last pd. Oct. 1, 1927
20 1875
500
200,000
8
J. A D. Deo. , ’93, coup, last pd. June 1, 1895
7 1880-2 1,000
300,000
6
Various
See text.
1900-1902
353 1889
1,000
3,797,500
5 g- J. A J. July ’93, ooup. last pd. July 1, 1939
353 1893
1,000
4 g- M. & s. Sept , ’93 coup, last pd. Mar. 1, 1943
2,076,850
O
100 59,8(10 O O See text. F. & A. N. Y., 120 Broadway.
See text.
419 1868
1,000
7Í070ÍÓ00
A. & <).
7
do
do
Apr. 1, 1898
130 1871
$& £
3,500,000
7 g- J. A D. London and New York. June 1, 1901
83 1872
£200
1,996,660
6 g- Jfc A A.
do
do
Aug. 1, 1902
46 1877 $1,000
M. A S. N. Y., 120 Broadway. Moh. 1, 1907
680,000
7
151 1879
1,000
2,150,000
6 g. J. A D.
do
do
Deo. 1, 1919
__
286,000
M. & N.
8
do
do
May 1, 1901
802 1880
1,000 10,985,000
6 g. J. A D.
do
do
June 1, 1930
785 1884
1,000
4,531,000
6 g- M. ¿ c N.
S
do
do
Nov. 1, 1924
175 1867
1,000
2,850,000
J. ¿ c J.
S
7
do
do
Jan. 1, 1897
175 1877 100 &c.
A. A O.
892,000
7
do
do
Oct. 1, 1907
189 1880
1,000
1,960,000
6 g. A. A O.
do
do
Apr. 1, 1910
45 1880
1,000
580,000
6 g- M. ¿ c 8.
S
do
do
Mch. 1, 1920
141 1880
1,000
5,000,000
6 g. J. A J.
do
do
Jan. 1, 1930
141 1880
1,000
1,000,000
6 g. J. A J.
Jan. 1, 1930
do
do
208 1881
1,000
3,500,000
6 g. M. A 8.
Mch. 1, 1921
do
do
208 1881
1,000
3,000,000
3 g. M. A 8.
do
Moh. 1, 1980
do
175 1881
1,000
50,000
6 g. M. A N.
do
Nov. 1, 1931
do
1,000
118 1887
1,764,000
5 g. M. A N.
do
May 1, 1937
do
. . 1888 1,000 5,129,000
5 g. M. A N.
do
do.
Nov. 1, 1931
Text. 1890 l.OOO&c 14,974.000
S
do
4 g. J. ¿ c J.
July 1, 1940
do
1894
1,000
See text.
1896-1904
5 g.
do
do
Ï60 1881
1,000
1,905,000
Aug. 1, 1921
6 g. F. ¿ c A.
S
do
do
80 1855
1,000
219,000
5
do
J. ¿ c D.
S
do
1 June 1, 1895
Los Angeles T erm in a l.—See Supplement of September, 1894.
L ou isian a W e ste rn .—(,Sfee Map o f Southern Pacifie.)—Owns from
Lafayette, La., to Orange, Texas, 112 miles. Operated under lease by
the Southern Pacifie Co., which owns all but $50,000 of the $3,360,000
stock. The lessee pays all charges and turns over to this company 7
per cent of the total net profits under the omnibus lease.
E arnings.—9 months, >1894........... gross, $701,275; net, $326,582
Jan. 1 to Sept. 30.
5 1893...........gross, 800,280; net, 365,726
In 1893 gross, $1,106,144 ; net. $529,708 ; surplus over charges,
$387,389; amount of net profit due this company, as per lease, $185,299.
In 1892 gross, $1,098,470; net, $549,073.
L ou isville E van sville 8c St. L ou is C onsolidated.—Operates
Louisville, Ky., to East St. Louis, HI., 275 miles; branches to Evans
ville, Rockport, etc., in Indiana, 93 miles ; total, 368 miles, of which
353 miles owned and 16 miles trackage; 345 miles are steel, from 56 to
70 pounds. Also owns Venice & Carondelet, leased to East St. Louis
Connecting, 7 miles. Portions main line operated under trackage
rights; Louisville to New Albany, 6 m.; Walnut Hill to Centralia, 71 m
a
Organization .—A consolidation in 1889 of the Louisville Evansville
& St. Louis and other companies. It belonged to the “ Mackey” system.
R eceivership .—On Jan. 4 , 1894, E. O. Hopkins and James H. Wilson,
were appointed receivers. V. 58, p. 43. Charles S. Fairchild, 46 Wall
St., N. Y „ is chairman of bondholders’ committee, V. 58, p. 82.
Venice & Carondelet interest due Oct. 1,1894, was paid by N. Y.
Security & Trust Co., N. Y. See also V. 59, p. 609, and table above as
to coupons paid and unpaid.
Capital Stock .—Common stock issued, $3,790,747; par, $100. (See
V. 56, D. 289, 413.) In January, 1894, $457,162 prefd. outstanding.
Dividends since 1880.—In 1880, 8, and 100 per cent in stock; in
1881, 6; in 1882, 3; in 1888 and 188 9 ,5 in stock; in 1 890. 6, of which
4»join stock; in 1891, 5 in cash; 1892, 4 p. o.; in 1893, Feb., 2 p. e.;
Aug., 2 p. c.; in Feb., 1894, none; Aug., none. See V. 58, p. 81.
Bonds.—The 10-40 adjustment mortgage of 1884 (trustee, Central
Trust Co.) besides 783 miles of road covers $28,162,700 of stocks and
bonds. See V. 39, p. 409, and V. 51, p. 463.
The Evansville Henderson < Nashville bonds are drawn at 110 by lot
6
annually in October, for payment Deo. 1; $30,000 a year till 1895, then
increasing each five years until $150,000 per year is finally reached.
The Pensacola D ivision bonds are subject to a drawing sinking fund
$5.000 till 1900, inclusive, then $10,000, and so increasing.
The general mortgage bonds of 1880 are subject to call at 110 for a
sinking fund that amounts each year to 11-10 per cent of all bonds
issued, plus the interest accrued on all bonds so drawn—about
$223,000 in all in 1893-94.
In June, 1890, the “ unified ” mortgage (trustee, Central Trust Com
pany) for $75,000,000 was authorized, $41,917,660 bonds being re
served to retire all prior liens (none of the prior liens can be extended),
the balance for improvements, extensions (at the rate of $32,000 per
mile, including equipment), and for other purposes. The mortgage cov
ers (besides 1,080 miles of road and its equipment) $16,209,700 stock
of companies controlled, which is subject only to the 10-40 adjustment
mortgage, and $6,498,400 stock and $1,100,000 bonds free from any
lien. See abstract of mortgage in V. 51. p. 613. N. Y. Stock Exchange
reports $12,975,000 as listed to November, 1894.
As to Kentucky Central mortgage (Metropolitan Trust Co. of New
York, trustee), see abstract V. 45, p. 372.
The Pensacola & Atlantic was purchased at foreclosure sale in 1891,
and its outstanding first mortgage bonds for $2,000,000 were as
sumed. They are subject to call for the sinking fund at 110, and are
B onds.—A bstract of consolidated mortgage in V. 49, p. 208.
Of the general mort. 4s, in Jan., 1894, $2,076,850 had been issued being gradually retired.
in exchange for preferred stock, settlement of E. & T. H. account, etc.,
G uaranties.—Besides bonds in table, the Louisv. < Nashv. is responsi
fe
$577,000 were held as collateral for loans and $695,400 were in hands
o f trustees to be issued for preferred stock. OnNov, 19,1894, the Stock ble for $2,100,000bonds and dividends on $2,305,582 stock of Nashville
& Decatur (which see); for $9,873,830 bonds South & North Alabama
Exchange reported $2,432,000 listed, (See V. 56, p. 289,413.)
General Finances.—The receivers report dated March 4, 1894, (see that company); for interest on $300,000 So. Div. Cumb. & Ohio,
and for
stated that about $1,000,000 should be expended during the next six pany. $2,096,000 Nashville Florence & Sheffield bonds—see that com
years to put the road in condition for its safe and economical opera
tion, $237,000 being needed in the year 1894-95.
General F inances. &c.—The Louisville & Nashville system h a s
On Jan. 5,1894, current liabilities were $801,116; current assets, been developed in its present extensive form since 1879. From Febru
not including materials on hand, $229,759.
ary, 1888, to 1890 stock dividends were paid to represent surplus earn
E arnings.—9 months, J 1894, gross, $1,052,222 ; net, $224,677 ings. The August, 1890, dividend was paid partly in cash, and all sinoe
Jan. 1 to Sept. 30.
(1893, gross, 1,286,210 ; net,
353,106 that date in cash. As a precautionary measure no dividend was paid in
Feb., 1894, and none in Aug., 1894. See estimated interest charges
R eport.—Fiscal year ends June 30. Receivers’ report shows :
for 1894-95. V. 59, p. 603.
Yrs. June 30. Qross-eams.
Net. Other inc. Int.,taxes, Ac. Balance.
In 1889-90 the stock was increased $13,000,000 for the purpose of
1892-93............$1,786,484 $574,588 $19,200 $683,829 def.$90,041 retiring the 6 per cent collateral trust bonds of 1882. This reduced the
1891-92............ 1,411,552
328,265 21,600 606,676 def.256,811 annual interest charge by $600,000, and the sinking fund charge by
1890-91............ 1,462,973
507,374 21,600 521,664
sur.7,310 $100,000. in all $700,000.
1889-90........... 1,151,412
443,671 21,600 396,296
sur.68,975
In year 1893-94 company increased its bonded debt $2,463,000, of
which $375,000 unified 4s for Lebanon Br. bonds redeemed, &o.,
—(V. 57, p. 170; V. 58, p. 43, 82, 595, 8 6 4 ; V. 59, p. 372, 600.)
$337,000 for sinking funds and $1,465,000 for improvements ana
L ou isville 8c N ash ville,—(<See Map.)—R o ad .—Operates main line construction; and $286,000 Louisv. Ky. Transfer bon is were issued.
In 1894$5,000,000 “ two-ten gold obligations” were issued for the
from Cincinnati. O., to New Orleans, La., 921 miles, with branches to
St. Louis, Mo., Memphis, Tenn., etc., 2,034 miles, making total system purchase of C. O. & 8. W. RR. These bonds are held in trust by U. 8.
proper June 30, 1894, 2,956 miles; all except 167 miles laid with Trust Co. (trustee), pending negotiations—see above and V. 59, p. 602.
steel rails. In 1893-94 the Louisville Ry. Transfer, 4 miles, was ab Bonds canceled were $662,000.
The company’s interest in the South Carolina road (sold in fore
sorbed. The system, well portrayed on accompanying map, includes :
Lines owned absolutely or
Reported separately.
M iles, closure), amounting to $1,247,441, was charged to profit and loss in
through entire capital stock. Miles. tjNashville Flor. & Sheffield_ 105 1893-94.
_
On June 30, 1894, current liabilities were $4,465,629, including
Louisville to Nashville......... 185
Nashville Chatt. & St. Louis. .884
Sundry other lines.................2,421
Henderson B ridge........... .
10 $924,996 bills t>ay able and $1,208,220 contracts payable—current
assets, $4,554,904, including $598,220 cash and $2,200,000 L. & N.
Lines leased, <tc.
ITGeorgia Railroad system.......721
IfNashville & Decatur_ ___ 119 Operated for other co’s .......... . 88 stock in treasury. On Sept. 30 bills payable and contracts payable
_
tfSouth & North Ala. R R ....... 182 Owned but leased to other co’s. 67 had been reduced to $1,200,000 out of current receipts.
Other lin e s ..........................
49
(If See this company.)
Latest E arnings—3 mos., ) 1894, gross, $4,810,260; net, $1,869,658
July 1 to Sept. 30.
51893, gross, 4,697,404; net, 1,730,000
Total system proper........ 2,956
Total of all June 30, ’94..4,831
A nnual R eport.—Fiscal year ends June 30. Annual meeting is held
Organization , L eases, &c.—The Louisville & Nashville was char
tered March 2,1850, and opened between Louisville and Nashville in Louisville the first Wednesday in October. Report for 1893-94 w a»
November, 1859. The system has been increased to its present size by given in full in V. 59, p. 599,602. See also editorial p. 580.
Year end. June 30. 1891.
1892.
1893.
1894.
leasing and absorbing other roads, and by building extensions. The
liabilities for interest on the auxiliary roads are treated mostly as be Average mileage___ 2,250
2,857
2,943
2,956
longing directly to the Louisville & Nashville Co. A list of the secu
$
$
$
$
rities owned and in the sink’g fund June 30,1894, was in V. 59, p. 608. Freight earnings.... 13,113,965 14,604,220 15,450,163 12,901,114
In December, 1890, the stock of Kentucky Central was acquired. For Passengers............... 4,800,688 5,137,017 5,213,533
4,600,961
Henderson Bridge see Miscellaneous Companies.
Mail, express, e tc ... 1,306,076 1,494,444 1,739,943
1,472,262
In November, 1893, control of the C. O. & S. W. was purchased by
the Illinois Central for account of Louisville & Nashville. See also V.
Gross earnings.... 19,220,729 21,235,72122,403,639 18,974,337
57, p. 763, 853; V. 57, p. 1039. In July, 1894, the courts decided that
8,758,383
9,876,679 10,163,578 {
purchase of the C. O. & S. W. by the L. & N. would be unconstitutional. M a Z u t e S : : : !
V. 59, p. 28. See terms of contract with Illinois Central V. 59, p. 605.
"
of way, &c.. 2.097,670
2,404,712 2,570,492 2,044,412
1,202,391 1,510,731
1,648,573 1,805,211
Stock .—In July, 1891, it was voted to increase the stock from $48,- General.......................
000,000 to $55,000,000 for purchase of Kent. Cent. RR., <fcc. Of the new
Total oper. expen. 12,058,444 13,792,122 14,382,643 11,863,785
stock $4,800,000 was taken by stockholders of July 21 at 70, and
July 1,1894, $2,200,000 was held in the treasury. Further increase Net earnings........... 7,162,284 7,1143,599 8,020,996 7,110,552
in stock to $60,000,000 authorized in Nov., 1893. V. 57, p. 596, 809.
P. ct.ofexp.toear’i’gs
62*74
64*95
64*20
62*53
84
IN V E S T O R S ’
SU PPLEM EN T,
[V ol. M X.
N ovem ber,
1894, J
BAILROAD
STOCKS
AND
BONDS.
Subscribers w i ll confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par
When
Outstanding Rate per Payable Where Payable and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent.
Whom.
Dividend.
Louisville < Nashville—fO oncl.)—Kentucky Cent.—
&
Maysville & Lex. RR. mort., Maysv. to Paris...
49 1876 $1,000
$400,000
7
J. & J. N. Y., 120 Broadway, Jan. 1, 1906
New mortgage ($7,000,000) g old ................... c* 220 1887
1,000
6.523.000
4 g. J. & J.
do
do
July 1, 1987
Louisville New Alb.& Ohio.—Stock, $4,500,OOOispref.
100 13,500,000 See text.
N. Y., Office, 80 B’ way.
See text.
1st M. Lou. Div.—New Albany to Mich. City.. .c* 288 1880
1,000
3.000.
000 6
J. & ‘ j . N. Y., Chase Nat. Bank July 1, 1910
1st M., Chic. & Ind’polis Div.,Chic, to Ind.,gold.0* 158 1881
1,000
2.300.000
do
do
Aug. 1, 1911
6 g- F. & A.
Consolidated mortgage (for $10,000,000) gold.o* 512 1886
1,000
4.700.000
do
do
Apr. 1, 191«
6 g. A. & O.
General mortgage, $25,000 p. m., gold...............c* 512 1890
1,000
2.800.000
do
do
5 g. M. & N.
May 1, 194C
Equipment notes on June 30,1894.......................
589,739
1894 to 1899
Equipm’t s. f. bonds, gold,$1,000,000, see text.c*
1894
1,000
See text.
do
do
Dec. 1, 1914
5 g- J. & D.
Louisville St. Louis < Texas—1st mortgage, gold, .c” 122 1887
£
1,000
2,800,000
6 g- F. & A. Last paid Feb., 1893. Feb. 1, 1917
1st consol, mort., $5,000,000, gold..................... e* 146 1892
1,000
1.629.000
5 g- M. & 8. Moh., ’93, coup, last pd. Sept. 1, 1942
Lykens Valley—St’k,10p.c.rental, 999 yrs. Nor.Cent.
21
20
600,000 10 p. an. Q.—J. N. Y., Office, 13 Wm. St. Oct., 1894
Lynch. < Dur.—1st M.$3,000,000, $20,000 p.m.,g.e* 115 1890
6
1,000
2.012.000 see text. J. & J. N. Y., Mer.Tr.Co.&Phil. Jan. 1, 1940
Macon < Birming.—1st M. for $20,000 p. m., gold..
6
97 1890
1,000
1.940.000
5 g. M. & N.
1940
Macon < Northern—1st M. gold, gu. p.& i. (end.).. .c* 107 1891
£
1,000
2.200.000
4*2 g. M. & S. Sept.’92, coup, last paid. Mch. 1, 1990
Maine Central—Stock..................................................
100
4,984,800 See text. Q .-J .
Portand, Me., Office.
Oct. 1, 1894
Port. & Kennebec con. M., Port, to Aug.&brch..o
72 1865 100 &c.
821,900
6
A. & O. Bost., N.Rev. Bk.; Port, Apr. 1, 1895
Me. C. loan for $1,100,000, Danv. Jc. to Bangor.c 109 1868 100 &c.
756,800
7
J. & J.
do
do
July 1, 1898
Extension 1st M., gold, Cumber!. June, to Dan..0
18 1870 500 &c.
496,500
A. & O.
do
do
Oot. 1, 1900
Leeds & Farm. RR. 1st M., Leeds to Farmington.c
36 1871 100 &o.
633.000
I 8- J. & J.
do
do
July 1, 1896
Me.C. 1st M., cons., A. B. C. D. ($269,500 5 s )...0*
1872
4.176.700 5 & 7 A. & O.
do
do
Apr. 1, 1912
1304 1872 100 &c.
Do
do
do
($10,000 4 s ).... 0*
100. &c.
1.530.000
4^2 A. & O.
do
do
Apr. 1, 1912
_
Collateral trust bonds for Mt. Desert Branch_ c - 41 1883
1,000
679.000
5
J. & D. Bost., Am.L.&Tr.; Port. June 1, 1923
Sinking fd. 10-20s,gold, red.on or aft. Feb. l , ’ 95.c
1885
1,000
600.000
6 g. F. & A. Portland Tr. Co., Port. Feb. 1, 1905
Improvement bonds,“ A” and “ B.” gold, not mort.
1886-7
450.000
4*2 g. J. & J. Bost., N.Rev. Bk.; Port. July 18,’ 16-17
Me. Cent. Eu. & No. Am. refunding mort., gold... "56 1893
1,000
1.000.
000 4 g- J. & J. Boston and Portland. Jan. 1, 1933
_
European & N. Am. stock, 5 p. c. rental 999 years 114
100
2.488.700 5 per an. A. & O. Bangor, Treas. Office. Oct. 15, 1894
Portland & Ogdens, stock (2 p. c. rental, 999 years) 109
100
4,381,883 2 per an. Q .-F . Portland, Me. Cent. Of. Nov., 1894
1st mortgage, gold, interest guar............... .......0
62 1870 500 &c.
800.000
6 g. J. & J. Bost., N.Rev.Bk.& Port. July 1, 1900
Consol. M. $20,000 p. m. (guar, by end.)........... c 107 1888
1,000
1.319.000
M. & N.l Bos., N. Rev. Bk. & Bos. Nov. 1, 1908
5
Dexter & Piscataquis stock 5 p. 0. rental 999years.
100
110,000 5 per an. J. & J.
Dover, Me., Office.
July, 1894
17 1
1st M., Dexter to Dover, etc., guar, by end.......> 17 1889
1.000
175.000 '
4
J. & J.l Bost. N. Rev, Bk., Port. July 1, 1929
1891.
Net, incl. invs’ts........$7,880,160
Taxes paid.................
410,810
Interest and rent___ 4,207,629
Georgia RR. deficit.. Prof .62,530
Loss on other roads..
205,494
Hardin suit.. . . . . . . . .
........
Dividends (see below) 2,400,000
1892.
1893.
1894.
|was appointed receiver. Bondholders’ committee, W. H. Male, Samuel
$7,976,892 $8,437,105 $7,382,840 j D. Davis and John J. McCook. In June, 1894, committee were holding
any reorganization plan
513,185
579,538
600,359 sols are outstanding onlytill road’s earning power is determined. Con
as
receiver’s certificates out
4,860,878
4,911,258
5,065,277 standing in September, 1894.collateral. No 1039.
See V. 57, p.
124,695
70,978
24,784
Stock —Capital stock is $3,071,100, par, $100.
128,001
127,043
139,930
225,737
B onds .—In August, 1892, was executed a consolidated mortgage
2,376,000 2,112,000
for $5,000,000, of which $2,800,000 is reserved to retire the first m ort
gage 6s at maturity. The consols have first Lien on 44 miles from Ir
Balance...................... sr.$656,226 def.$25,867 sr.$410,551sr.$l,552,490 vington to Fordsville, Ky. Feb. 9,1893, there were outstanding $294,•900 car trust notes and certificates. Mortgage trustee, Central Tr. Co
These dividends w ere: In 1889-90 4-90 per cent stock and 1*10 cash:
E arnings.—9 mos., ) 1894, gross, $311,719; net, $58,278.
in 1890-91 5 cash; in 1891-92 4*2 p. c. cash; in 1892-93 4 p. o. cash.
Jan. 1 to Sept. 30. > 1893, gross, 422,166; net, 144,885.
—(V. 56. p. 57, 83, 165. 217, 246. 500; V. 57, p. 22, 105, 375, 510,
A nnual R epo rt .—Fiscal year ends June 30. Report for 1891-92 in
5 4 8 ,5 7 7 , 5 9 3 ,5 9 6 ,5 9 7 ,7 2 1 , 763, 808, 853,938,1039; V. 58, p. 81,
V. 55, p. 1077. In year 1892-93 gross earnings were $628,112, against
512, 716, 904; V. 59, p. 28, 70, 291, 5 8 0, 5 9 9 , 6 0 2 , 742, 878.)
(V. 55, p.
L ou isville N e w A lban y & C hicago.—(See I f a » ;—
-Operates the $606,787 in01891-92; net $250,952, against $229,770. 510,1039.) 256.
373 723, 1 7 7 ; V. 56, p. 331, 332; Y. 57, p. 217, 298,
“ Monon Route ” from Chicago, 111., via Monon, Ind., to Indianapolis,
L ou isville Southern.—See Southern R a il w a y Co .
Ind., and Louisville, Ky.. with branches—the system including :
L yken s V a lley.—Owns fromMillersburg, Pa., to Williamstown, Pa.»
Lines owned—
Miles.
Oper, under contract—
Miles.
20 miles; branch, 1 m ile; total operated, 21 miles. It is a coal road,
Indiana State Line to Indiailap. 162 Chicago to Ind. State Line....... 20
New Albany to Michigan City .289 New Albany to Louisville............... 5 leased and operated by the Northern Central Railroad since July, 1880 ,
Lines controlled,
Connection in Indianapolis______ 2 and previously by the Summit Branch Railroad. The lease is for 999
years from March 1,1866, and the rental is $62,500 per annum.
securities vdl owned—
Bedford & Bloomfield RR........ 41
Total of all............................537
E arnings .—From mining and selling coal.—Jan. 1 to July 31,1894,
Orleans, West Baden & French
Of which narrow gauge............ 35 (7 months), gross $467,898, against $639,293 in 1893; deficit, $19,850:
Lack Springs R y...................... 18
against net, $66,251. In 1893 gross, $1,112,548, against $1,069,833
Of the 510 miles owned, 180 miles are laid with 52 to 56 pound steel, in 1892; net, $68,568, against $35,582.
295 miles with 60 to 67 pound steel and 35 miles narrow gauge with
Lyn ch bu rg Sc D u rh a m .—Completed in 1890 from Lynchburg:.
iron rails. A lease for 999 years with Chicago & Western Indiana (of Va., to Durham, N. C., 114 miles. Leased for 999 years from March 1,
whose stock this company owns $1,000,000) gives entrance to Chicago 1893, to Norfolk & Western. Stock authorized, $2,000,000; outstand
on a mileage basis.
ing, $1,876,500 (par, $100). Mortgage trustee is the Mercantile Trust
O rg an ization .—The Louisville New Albany & Chicago was opened in Co. Interest on the bonds was reduced for one year from March
1852 and sold in foreclosure Dec. 27,1872, and reorganized. In August 1,1893, to 3 per cent and then for one year to 4 per cent, thereafter to
be 5 per cent, the principal and this interest being unconditionally
1881. consolidated with Chic. & Ind. Air Line.
uaranteed by the lessee by endorsement. President, W. C. Houston»
Ca p it a l Stock .—In November, 1893, the $12,000,000 of stock then
r., Philadelphia. In year 1891 gross
were
outstanding was classified into $9,000,000 of common and $3,000,000 separate report of earnings now made. earnings 84; Y. $166,132. N6
(V. 51, p.
54, p. 159.)
o f preferred, an additional $1,500,000 preferred being sold to stock
holders at 40 per cent to pay for equipment. For future capital re A T aeon Sc B irm in g h a m .—Owns Macon Junction to La Grange.
quirements it is proposed to issue from time to time an additional IxM. Ga., 97 miles. Messrs. Gill, Shaw & O berof Baltimore are a bond
$2,500,000 of preferred. The preferred is entitled to 6 p, c. dividends, holders’ committee. Foreclosure proceedings were instituted in April»
1892, by the mortgage trustee. As to status in Nov., 1893, see V. 57, p.
if earned, non-cumulative, common to receive all remaining profits.
853, under Ga. So. & Fla. item. First more, bondholders’ committee
D ividends .—On new preferred February 1 5 ,1 8 9 4 ,1 ^ per cent.
request deposit of bonds in N. Y. Security & Trust Co. V. 58, p. 82. W. B .
B onds.—The general mortgage of 1890 is for $25,000 per mile of road Sparks is receiver. Receiver’s certificates for $30,000 have been author
and $10,000,000 bonds are reserved to retire the lsts as they mature. ized. In year ending June 30,1894, gross, $71,050; net, $12,331. In
Trustee Central Trust Co, The Bedford & Bloomfield Railroad and 1892-93 gross, $69,761; net, $11,200. In 1891-92, gross, $79,624;
the Orleans West Baden & French Lick Springs Railway have no deficit under operating expenses, $988. (V. 54, p. 683; Y. 58, p. 82.)
debt, and their entire capital stock is deposited as security for
M acon Sc N orthern.—Owns
to Athens,
the Louisville New Albany & Chicago consolidated and general mort miles. Successor to Covington &from Macon, Ga.,foreclosure Ga., 105
Macon, sold in
21»
gages, as is also the $1,000,000 of Chicago & West Indiana RR. stock 1891. In 1891 leased for 99 years to the Richmond & Danville May the
ana
and $240,000 stock of the Belt Railway of Chicago.
Central of Georgia, the lessees jointly guaranteeing interest and prihThe equipment bonds were issued in September, 1894. Mortgage cipal
53,
N. E. Harris
trustees are James Murdock, Lafayette, Ind., and Central Trust Co., made of the bonds. See V. 52, p. 321; V. due p. 223. 1, 1893, was was
March
nob
New York. Sinking fund is $30,000 yearly and bonds can be drawn at paid. receiver March 24,1893. Interest
105. New bonds will be issued as title of equipment is vested in trus
Road sold in foreclosure October 2,1894, to Alexander Brown o f
tee ; in Nov., 1894, none had been issued.
59, p. 600.
'
Bills payable June 30,1894, were $342,081. American Express Co. Baltimore for $1,070,000. V. 30,1893 (12 months), gross earns., :
From July 1,1892, to June
$82'10-year instalment loan, $200,000.
295; net, $5,935 (V. 56, p. 463, 538, 579, 881; V. 59, p. 234, 600.) *
G e n eral F inances .—Under the new management more than $1,682,M aine Central.—Line of road, Portland to Vanceboro, Me./ via
000 has been expended for improvements, the entire line being now laid
with steel except the narrow-gauge branch to Switz City, which branch Augusta, 251 miles; branches, Cumberland Junction to Skowhegaif,
91 miles; Bath to Lewiston and Farmington, 76 miles; branohes-*is being made standard.
Belfast, Dexter, Bucksport and Mt. Desert Ferry, 133 miles; Portland &
E arnings .—3 months, ) 1894 ....... gross, $798,621; net, $298,301
Ogdensburg Railroad, Portland, Me., to Lunenberg, 109 miles; small
July 1 to Sept. 30.
51893 ...... gross, 1,011,803 ; net, 409,526 branches, 6 miles; Upper Coos and Hereford railways, Lunenberg, N. H.»
A nnual Report .—Fiscal year changed to end June 30. Report for to Lime Ridge, Quebec, 108 miles; Bath to Rockland (including steam,
1893-94 in V. 59, p. 470. Earnings have been as follows for the calen ferry, 7 miles) 48 miles; total, 822 miles, of which 345 miles owned, 429
dar year 1890 and the fiscal years ending June 3 0 , 1892, ’93 and ’94. miles operated under 999 year leases, and practically owned; 33 miles
operated under 50-year leases and 15 miles ferry lines.
■ ■/' ,
>
,
1890.
1891-92.
1892-93.
1893-94.
O rganization .—A consolidation in 1862 of the Androscoggin & Ken
Gross earnings............$2,630,132 $3,067,108 $3,416,488 $3,135,882
Net earnings...............
917,176
952,160 1,060,622 1,017,272 nebec and the Penobscot & Kennebec railroads, ifito which have since
Dividends received...
25,000
45,000
74,400
60,000 been merged the Portland & Kennebec, Somerset Kennebec & Leeds
and Leeds & Farmington RR. Co.
,
Total net income.
$942,176 $997,160 $1,135,022 $1,077,272
Stock .—Of the stock $2,516,000 is owned by Boston & Maine.
‘ ■
Interest on bonds, etc
651,781
768,243
763,810
772,599
D ivid en ds .—In 1882, 2 per cent; in 1883,5* from 1884 to October,
9:
Rentals........................
155,297
163,001
191,031
226,688 1894, both inclusive, at the rate o f 6 per cent yearly.
B onds , G u aranties .—Consols of 1872 are held in trust ,to retire all
Balance, surplus.. $135,098
$65,916
$180,181
H$77,985 underlying bonds at maturity. The European & North American 6 per
cents due J an. 1,1894, were refunded into the Maine Central gold 4 per
,1f Paid on preferred $57,252; balance surplus, 1893-94, $20,733.
Samuel Tnomas, Pres., N. Y. (V. 57, p.374, 375, 4 2 1 , 510, 639, cents, issued under mortgage made jointly with the E. & N. A.
The $600,000 sinking fund 6s of 1885 have been called for redemp
722, 853, 894; V. 58, p. 82, 941: V. 59, p. 191, 423, 4 7 0 , 473, 515.)
Extension of these bonds for 10 years at 4*$ p. 0»
L ou isville St. L o u is Sc T ex a s.—R o a d .—Louisville to Hender tion on Feb. 1,1895.Oct.
to
Vol. 58, p.
son Ky., 142 miles, of which West Point to Louisville, Ky., 20 miles is was offered prior $42,0001,1894. Line 6s, due 1109. also $150,000 Bel
There are also
Shore
1923;
trackage; owns also Irvington to Fordsville, Ky., 44 miles, and branch fast & Moosehead Lake mortgage bonds, due 1920, not guaranteed, in
1 m ile; total operated, 1 6 6 miles. Extension of 15 miles to a connec terest and sinking fund for which are paid out ef the rental. Jointly
tion with the Louisville & Nashville is partly graded.
with B. & M. guarantees $300,000 Portland Union Station bonds.
R e c e iv e r sh ip .—August, 1893, coupon was not paid, and Attilla Cox
F loating D e bt .— Notes payable were $388,000 Oot. 1,1893,
f
8 6
HiTESTOES’
SUPPLEMENT.
[Vou LIX.
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in tliese T a bles.
Bonds—
Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,^When Due.
Miles Date Size, or
Amount
When
Par
of
For explanation of column headings, &o., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Whom.
Dividend.
Cent.
Road. Bonds Value.
on first page of tables.
M aine Central—( Concluded.)—
Hereford R’y stock (4 p. o. rental for 999 years)..
1st mortgage, guar. p. & i. (endorsed). — ........
Upper Coos RR. stock, 6 p. o. rental 999 years.
1st mort., guar. p. & i. (endorsed)........................
ExtensionM., $21,000 p. m., guar. p.<fe i.(end.).
Knox & Lincoln stock, guar., 5 p. c., 999 years...
1st M. Penobscot Shore Line RR. Co., assumed.
K. & L. 2d mortgage (for $400,000) assumed...
Dexter & Newport, stock, 5 p. c. after Nov. 25,’98.
Eastern Maine, stock, 412 p. ct., rental 999 years
Manchester < Augusta—1st mortgage, gold. .......c*
&
Munches. < Law».—Stock,10 p.o.ren’ltiil 1937.B.&M.
6
Real estate bonds (not mort.) int. gu. by B.& M*c
Manhattan Elevated.—Consolidated stock...............
Metropol. El. 1st M., $600,000 p.m., assum’d.g.o’
2d mortgage (assumed)........... ................. . — o’
Manhattan Elevated consolidated mort., gold, .o’
53
53
22
22
33
48
48
48
14
18
65
22
36
18
18
14
32
32
34
1890
1890
1890
1890
1891
1893
1892
1878
1879
1876
1886
1890
1886
1881
224 1887
Shor E & A
92 1886
$800,000
$100
800,000
1,000
350,000
100
350.000
1,000
566,000
1,000
200,000
100
1,300,000
1,000
1,000
114,000
122,000
100
200,000
100
1,000
975,000
1,000,000
100
1,000
274,000
100 30,000,000
£ & $ 10,818,000
4,000,000
1,000
8,500,000
$ &£
1,000
1,000,000
1,000 11,760,000
1,000
540,000
383,000
1,000
1,000 • 3,821,000
TLANTIC
1,380,000
5,312,725
25
Marietta < No. Oa.—1st mort., $7,000 p. m., gold...
£
Con.lst.M.,g.,$4,500,000,8.1. $15,000 after 1897 o’
Marquette Houghton & Onton.—See D uluth South
Mason City < Fort Hodge—lstm.$15,000 p. mile, g.
&
Memphis < Charleston—Stock................... .................
&
93
Tenn. State lien $1,736,906,1st M.on line in Tenn.
’54-’67
Ala. & Miss, old 1st and 2d morts. (See text).......
Bonds of 1880, secured by old morts.in trust, gold, See 1880
Old 2d mortgage bonds, extended (See text) — ( text. 1867
293 1877
Cons. M. of ’77 with 1st lien on 93 m. in Tenn., g.c
293 1877
Consol, mortgage of 1877, gold........................... c
293 I 1884 1
1,000
1,000
1,000
1,00
1,000
2,155,000
105,000
1,400,000
864,000
1,000,000
4 per an. M. & N. Portland, Me. Cent. Of.
M. & N. Boston, Mass. Nat. Bk.
4
6 per an. M. & N. Portland, Me., Office.
M. & N. Bost., N. Rev.Bk.; Port.
4
4 ^ M. & N. Portland, Me., Office.
5 per an. F. & A. Portl’d.Me.,Me. Cent. Of.
4
F. & A. Boston, Nat. Revere Bk.
do
do
F. & A.
5
6 to 5 M. & S. Dexter, Me., Office.
4 ^ p. an. M. & N. Rockland, Me., Office.
5 g. J. & J. Balto., Safe Dep. & Tr.
10 p. an. M. & N. Manchester and Boston.
4
J. & J. Boston, B. & M. RR.
N. Y., 71 Broadway.
6 per an. Q.—J.
6 g- J. & J. N. Y., Mercantile Tr. Co.
do
do
M. & N.
6
do
do
J. & J.
7
M. & 8.
do
do
5
4 g- A. & O. N. Y., Of., 71 Broadw’y.
6 g- M. & N. N. Y., Farm. L. & Tr. Co.
July, ’90, last paid.
6 g. J. & J.
do
do
6 g. J. & J.
6 g. J. St J.
7
7
7
7
7
6
g. J.
J.
g. J.
g. J.
g. J.
&
&
&
St
&
In default.
J. Jan.. ’93, coup, last paid
do
do
J.
do
do
J.
do
do
J.
J. July, 1892, last paid.
Nov. 1, 1894
May 1, 1930
Nov. 1, 1894
May 1, 1930
May 1, 1930
Aug. 1, 1894
Aug. 1, 1920
July 1, 1921
Sept., 1894
May 1, 1894
Jan. 1, 1943
Nov. 1, 1894
Jan. 1, 1922
Oct. 1, 1894
July 1, 1908
Nov. 1, 1899
Jan. 1, 1906
Mch. 1, 1916
Apr. 1, 1990
Nov. 1, 1916
July 1, 1911
Jan. 1, 1937
July 1, 1926
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1,
1,
1915
1915
1915
1915
1915
1924
M arietta Sc North G eorgia.—Owns road completed in Au
gust, 11890, from Knoxville, Tenn., to Marietta, Ga., 217 m iles.
branch, 7 miles; trackage, Western & Atlantic Railroad, Marietta, Ga.,
to Atlanta Ga., 20 miles; total operated, 244 miles.
H isto r y , R eceiversh ip , &c.—Completed in 1890 and consolidated
with Knoxville Southern. Interest defaulted Jan. 1,1891, and J. B.
Glover appointed permanent receiver on Feb. 23. At foreclosure sale
May 8,1894, there were no bidders. The Atlantic Trust Co. reorgani
See the plan in V.
Total net income.$ 1,411,563 $1,421,601 $1,756,630
$1,670,146 zation plan declared operative. Marietta & North 54, p. 887.
It was proposed to consolidate
Georgia. 231 m iles;
$483,196 Knoxville Belt, 4 m iles; Knoxville Cumberland Gap & Louisville, 103
Rentals paid.................. $284,655 $360,093 $480,887
Interest on bonds..........
821,165
828,189
830,308
829,936 m iles; Morristown & Cumberland Gap, 40 miles; Chattanooga South
Dividends.......................
215,616
215,628
268,485
276,248 ern, 96 miles—a total of 474 miles of constructed road. See each com
pany. Extensions to Bristol, Atlanta, Chattanooga and Birmingham
Balance, surplus............ $90,127
$17,691 $176,950
$80,766 involve the construction of 174 miles of road. (V. 55, p. 995.)
—(V. 56, p. 164, 8 5 2 ; V. 57, p. 8 5 2 , 1 0 3 7 ; V. 58, p. 1109.)
Obligations .—July 1, 1893, Receiver’s certificates and obligations
were $410,000; Mar. & Nor. Ga. old 2ds, $6,000; cash outlay needed
M a n c h e s te r Sc A u g u s t a .—Owns road completed in July, 1894, to complete improvements deemed essential, $500,000. Stock (includ
from Sumter, Ga., to Denmark, South Carolina, 65 miles; part of ing Knoxvlile Southern), $5,250,000. Contractor’ s claim of $293,000
Atlantic Coast Line System. Connects at Denmark with South Caro reported as decided against the company in February, 1894.
lina and with South Bound roads. See traffic contract below.
E arnings .—For year ending Feb. 28, 1893, gross, $215,853; net,
B onds.—First mortgage 5s are limited to $15,000 per mile and $200,- $27,674. (V. 57, p. 683, 979 ; V. 58, p. 430, 595, 815, 866.)
000 for terminals. Under a joint traffic contract with the Richmond
M ason City Sc F o rt D odge.—Owns road from Mason City, la .,
Fredericksburg & Potomac, Richmond & Petersburg, Petersburg RR.,
la., 88 miles, and branch, 4
Norfolk & Carolina, Wilmington & Weldon, Wilm. Col. St Augusta and to Lehigh,outstanding, $920,000; par, miles. Stock authorized, $5,000,000;
$100. In year 1892-93 gross
Florence RR., those companies agree to set aside monthly 20 per cent
$27,179, against
charges,
o f gross receipts from traffic with Manchester & Augusta, same to be earnings, $140,500; netand accrued July $35,771 in 1891-92: bills p a y
$91,376. Interest due
1,1892, $496,800;
used each year to make up any deficit for interest on M. & A. bonds.
able, $3,483. Total deficit to June 30, 1892, $401,464. President,
M a n c h e s te r Sc L a w r e n c e .—Owns from Manchester, N. H., te James J. Hill, of St. Paul.
Methuen (State Line), 22H miles. Leased for 50 years from September
M em ph is Sc C harleston.—R o a d .—Owns from Memphis to Stev
1,1887, to Boston & Maine at a rental paying 10 per cent dividends. enson, Ala., 272 miles; branches to Florence, etc., 20 miles; leases to
Suit has been instituted to recover $1,000,000, said to be due from Chattanooga, 38 miles; total, 330 miles—largely 56 pounds steel.
Concord Railroad. See Y. 56, p. 82, under item as to Boston & Maine.
R e c e iv e r sh ip , E tc .—The Southern Railway Company on October
M a n h a t t a n E le v a te d .—R oad .— Controls and operates all the 31,1894, owned $2,656,525 or the stock, but right to vote thereon
V.
elevated railroads in N. Y. City, its main track aggregating 32 miles. was contested. (V. 50, p. 703; and52, p. 831.) On July 14.1892, Henry
Fink was appointed receiver,
on July 25, C. M. McGhee joint re
Besides these it owns and operates the Suburban R. T. RR., 33t miles.
ceiver in interest of the East Tennessee. V. 55, p. 100,177.
H istory , Etc.—Formed Nov. 24,1875, to operate elevated railroads
Coupon P ayments — Coupons due July 1,1892, were paid with inter
in New York City. In June, 1884, all liabilities of the leased lines est Jan. 3,1893. Coupons due January’ 1, 1893, excepting general
were assumed and $26,000,000 new stock was authorized to retire mortgage coupons were paid with interest Jan. 2,1894.
old stocks. The exchange was completed in May, 1894, and the prop
R eorganization ,—The Richmond & W. P. Terminal
May,
erties of the consolidated companies are now owned in fee. In May, 1893, provided that this company’s $864,000 consol. 7s, plan of as the
as well
1891, $4,000,000 stock was issued to acquire the Suburban Rapid general bonds, should be exchanged for securities of a new company
Transit RR., owning a bridge across the Harlem River, and a road in to succeed the Rich. Terminal The holders of these bonds refused to,
operation to near 171st St., N. Y., 2*2 miles. V. 52, p. 642.
accept the terms offered, and in the modified plan of Feb. 20,1894, this
B onds and L iabilities .—There are considerable claims pending company was not included. Large expenditures for improvements are
said to be
V. 56, p. 882, Foreclosure proceedings under
against the elevated roads for damage to property on their lines, and the generalnecessary. were filed in Dec., 189 3.
mortgage
many of these are before the courts. See Chronicle V. 56, p. 289.
C om m ittee .—For general mortgage 6s: Simon Borg, J. Kennedy Tod
The consolidated mortgage (trustee, Central Trust Co.) is limited
on present mileage to $40,000,000, and will provide for prior bonds and Albert S. R oe; depository, Central Trust Co., N. Y.
when due. Further amounts may be issued for extensions if desired
B onds .—The 7 p er cent bonds o f 1880 are all equally secured by
at the rate of $300,000 per mile of single and $600,000 per mile of deposit in trust of the entire issue of the company’s old first mort
double track. (See abstract of mortgage in V. 51, p. 248, and applica gage bonds of 1854, and of all but $105,000 of its second mortgage
tion to New York Stock Exchange in V. 52, p. 353.) On the Stock Ex bonds of 1867. The bonds of 1880 have therefore a first lien on the
change in Nov., 1894, $11,963,000 consols had been listed, but of 200 miles of road in Mississippi and Alabama and oover, subjeot to
these the company held $300,000 against “ special account” and the Tennessee State loan, the 93 miles in Tennessee. The consols o f
$88,000 consols to redeem convertible certificates.
1877 oover all the property, subjeot to the prior liens, and $1,400,000
D iv id e n d s .—In 1884, 3 p. c.; in 1885 to 1887, inclusive, 6 ; in 1888, of them have a first lien on the 93 miles in Tennessee through assign
ment in Trust therefor of the Tennessee State lienfor $1,736,906. The
5; in 1889,1 in cash and 4*2 in scrip; in 1890, 4*2 cash and Ha scrip Farmers’ Loan & Trust Co. is trustee of the deeds of 1880 and 1877;
from January; 1891, to Oct., 1894 (inclusive), 6 p. o. (1*2 quar.)
the Central Trust Co. of deed of 1884. In June, 1894, car trusts, prin
cipal and interest, were $90,517; loans and bills payable on Dec. 31,
L atest E arnings.—From July 1 to Sept. 30, 3 m onths:
3 mos.
Gross.
Net.
Other inc. Charges. Bal, surp. 1893, were $133,400.
E arnings .—Jan. 1 to Oct. 21,1894 (9% mos.), gross, $988,138. agst.
1894..............$2,049,810 $799,174 $37,500 $660,227 $176,447
$1,082,353 in 1893. July 1 to Dec. 31,1893 (6 months), gross, $675,896
1893........... 2,379,420
1,078,614
35,000 644,699
468,915
against $790,011 in 1892; net $156,139, against $197,704.
Annual R eport.—Fiscal year ends June 30. Annual meeting is
A nnual R epo r t .—Fiscal year ends June 30. Report for 1892-93 in
held the second Wednesday in November.
V. 57, p. 850, showed the following. The charges in 1892-93 include
Year ending June SO—
1891-92.
1892-93.
1893-94,
interest on bonds (not paid), $376,680; car trusts, $2,730; miscel
Gross earnings.......................,..$10,695,977 $11,086,359 $10,153,576 laneous, $33,131.
Net over operating exp...........
5,270,629
5,500,059
4,621,536
Year.
Gross.
Net.
Other inc. Charges.
Balance.
Other income........ . ................
140,000
140,000
311,678
$485 $412,541 df.$118,347
Interest, rentals andtaxes____ 2,414,916
2,668,767
2,600,567 1892-93 ............$1,520,241 $293,709
307,281
240 384,553 def. 77,032
Dividends.,..............
1,800,000
1,800,000
1,800,000 1891-92 ........... 1,531,514
1890-91 . . . . . . . 1,747,461
462,850
29,181 395,868 sur. 96,163
514,730
11,751 390,149 sur.136,331
Surplus over dividends....... $1,195,713 $1,171,292
$532,647 1889-90............. 1,783,730
—(Y. 57, p. 8 5 0 , 1084; V. 58, p. 12, 223; V. 59, p. 600.)
Number of passengers carried and gross earnings have been:
Year end.
M e r id e n W a t e r b u r r Sc C o n n e c t ic u t —Owns from Cromwell,
Sept. 30. Passengers. Earnings. June 30. Passengers. Earnings. Conn., via Meriden to Waterbury, Conn., 30 miles. Leased for 99 years
188990...185,833,632 $9,388,681 Sept. 1,1892, to N. Y. & New England at $22,500 per annum,
188485... 102,354,729 $7,000,566
from
189091. .196,714,199
9,959,710
188586...115,109,591
7,426,216
payable in semi-annual instalments directly to trustee of mortgage
1891188687... 158,963,232
8,102,662 92...213,692,570 10,835,978 (Farmers’ Loan & Trust Co.), to be applied to interest on bonds. Stock
1892188788... 171,529,789
8,673,871 93.-221,407,197 11,226,359 authorized, $500,000; par, $100. The New England went into receiv
188889...179,497,433
9,080,881
ers’ hands in December, 1893. January, 1894, coupons of 1st mort
—(V. 56, p. 621, 835, 836,1056 ; V. 57, p. 105, 256,298, 469, 8 0 8 , 809, gage have been paid. (V. 54, p. 367, 648.) In 1892-93 gross, $13,854 ; Y. 58, p. 264, 816, 902,1073; V. 59, p. 291, 371, 4 2 1 , 780, 879.) 582; deficit from operating, $4,348, against deficit $8,433 m 1891-92.
A nnual R epo r t .—Fiscal year ends Sept. 30. Report for 1892-93 was
in V. 57, p. 1037.
Year ending Sept. 30 — 1890.
1891.
1892.
1893.
Miles operated...............
741
821
822
822
Total gross earnings___$4,226,465 $4,324,905 $4,757,603 $4,951,835
Net earnings..................$1,367,798 $1,382,527 $1,695,813 $1,610,311
Other receipts...............
43,765
39,074
60,817
59,835
LNYESTOKS’
8 8
SUPPLEMENT.
[V ol. L1X
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent.
Whom. >
Dividend.
M eriden Waterburu & Conn.—1st mortgage........
30 1888 $ ....
$450,000
5
J. & J. Jan., 1894, last paid. July 1, 1925
....
M etropolitan West Side Elevated (o f Chicago) —8took
100
2,500,000
1st M. ($15,000,000) gold................................. c&r
1892
1,000
4,000,000
5 g. F. & A. N.Y., 32 Nassau & Chic. Aug. 1, 1942
Mexican Centred—Stock, $25,600 per mile..........
100 47,844,100
1st mortgage (unassented) and scrip................
1,000
642,982
1881
(7) 4 J. & J. Boston, SafeDep. &Tr. Co July’ ’l , ' 1911
•Consol, mortgage, $32,000 per mile, gold___e*&r 1 832 1889
1,000 57,021,000
do
do
4 g- J. & J.
July 1, 1911
1st consol, incomes,non-cum. ($9,600p.m.),gold.o* 1' ,832 1889
1,000 17,256,300
July 10 Boston, when earned. Jan. 10, 1939
'2d.oon.inc.$6,400p.m.red.at50p,o.tillAug.i929o* 1 ,832 1889
1,000 11,222,000
I 8'
Jan. 10, 1939
Registered income bonds, unassented................ r
1,000
1881
578,200
July 1
3
July 1, 1911
M exican International—1 st M., $30,000p . m. ,g. c*&r 573 1892
1,000 14,000,000
± g. M. & S. N. Y., Of., Mills Build’g. Sept. 1, 1942
_
Mexican National—Stock........................................... .
100 33,350,000
1st M.,' subsidy, gold, subject to call at 100___g
064 1887
1,000 11,578,000
6 g. J. & D. N. Y., Nat. City Bank. June 1, 1927
2 d M.,ser.“ A,” gMinc. accum. (for $16,675,000)c*|l 064 1887 500 &o. 12,265,000
6 g. M. & S. Paid 2 p. et. Màr, 1, ’93 July 1, 1917
2d M.,ser.“ B,” g., inc. non-ac. (for $16.675,000) .r 1 064 1887 500 &o. 12,265,000
July 1, 1917
6 g- April 1.
<3d mortgage, deb. (income not cumulative) gold.r
1,000
1887
7,040,000
July 1, 1937
6 g. May 1
M exican Northern—Stock............................
100
3,000,000 See text. Q.—J. N. Y., office, 42 Pine St. Oct. 20, 1894
1st mortgage, U. S. gold coin, s. f. not called.... .c*
1890
1,000
1,660,000
6 g. J. & D.
do
do
Deo. 1, 1910
M iehigan Central—Stock........ .................................!
100 18,738,204 See text. F. & A. N. Y. Gr’d Cent. Depot. Aug. 1, 1894
Consol, mort.—now 1st M. ($2,000,000 are 5s). .c*
’72-’ 82 1,000 10,000,000 7 & 5 M. & N. N. Y., Union Trust Co. May 1, 1902
M. C. Michigan Air Line, 1st mortgage............c&r
1890 1.000&C 2,600,000
4
J. & J.
do
do
Jan. 1, 1940
M. C. 1st M. on Dot. & Bay City ($4,000,000)_ c
_
1,000
1881
M. & S.
do
do
Moh. 1, 1931
i 5
do
. . . .
do
do
...r
Q.—M. N. Y., Gr’d Cent. Station. Mch. 1, 1931
1881 l.OOO&o ^ 3,576,000 i 5
3M C. 1st mortgage on Grand River Val. B E ... .c*
.
’79-’86 1,000
1,500,000
M. & S. N. Y., Union Trust Co. Sept. 1, 1909
6
M. C. 1st mortgage on Kalamazoo & S. Haven.. .r
1889 l.OOO&o
700,000
M. & N. N. Y., Gr. Cent. Stat’n. Nov. 1, 1939
5
<G River Valley stock, 5 p.c. rental in peroetuity
Pd
....
50
491,200 5 per an. J. & J.
Jackson, Mich.
July 1, 1894
JDet. < B, City bonds, endorsed, no mort. lien.. .c
fc
1872
1,000
274,000
M. & N. N. Y., Union Trust Co. May 1, 1902
8
Bridge bonds, endorsed, no mortgage lien........
1,000
1873
M. & N.
150,000
8
do
do
May 1, 1903
Jaok.Lans.& Sag. stock, S^p.c. y’rly, guar.byend.
100
2,000,000 S ^ p . an. M. & S. N. Y., Gr. Cent. Station. Sept. 1, 1894
Oons. mortgage, assumed, extended in 1891.. c*
7Ì&80 1,000
2,204,000
M. & S. N. Y., Union Trust Co. Sept. 1, 1901
5
■Bay City & Battle C., 1st M., gold, gu.p.& i. end.e*
1,000
1889
250,000
do
do
3 g. J. & D.
Deo. 1, 1989;
Battle C. & Sturgis 1st M., gold, gu. p. & i. end.c*
1889
1,000
421,000
3 g. J. & D.
do
do
Dec. 1, 1989;
Joliet & North.Indiana 1st M., guar. p.&i. (end.).c
1877
1,000
800,000
7
J. & J. N, Y., Farm. L.&Tr. Co. July 10, 1907
M etropolitan W e st Side E le v a t e d (C hicago).—Organized to
btolld an elevated railway in Chicago, running from the Board of
Trade Building westerly about 6 miles, with branches; the total
length to be l ô ^ miles; first two miles to be four tracks, the rest
tw o tracks. In November, 1894, about 10 miles had been erected. The
road will be operated by electricity. See V. 58, p. 866. The right of
w ay is owned in fee, and is mortgaged to secure the bonds. Stock
authorized, $15,000,000; issued to subscribers to bonds on final
payment o f subscription, June 15, 1894, $2,500,000. Boad is being
built under contract by the West Side Construction Company, and dur
in g construction the voting power on the construction company’s stock
will be in the hands of G. C. Clark, of Clark, Dodge & Co., N. Y. ; George
<3. Allen, late of Busk &Jevons, N. Y., and H. L. Higginson, of Lee,
Higginson & Co., Boston. Y. 55, p. 1035 ; V. 56, p. 206 ; V. 58, p. 866.
M exican Central (M ex ico ).—(See Map)—Mileage—Main line
Mexico City north to'Juarez City, 1,224 miles, 412 miles on Tampico
Division, 11 miles on Guanajuato Branch, 161 miles on Guadalajara
Division and 17 miles on the San Bias Division, 44 miles on Pachuca
Division, and branches 7 miles ; total Dec. 31,1893,1,876 miles. All
standard gauge and 56-pound steel rail.
O rganization .—Incorporated February 25, 1880, under the general
jaw o f Massachusetts, and also holds a charter from the Mexican Gov
ernment. Debt readjusted in 1889—see V. 48, p. 191, 292, 327.
Su b sid y .—Jan. 1,1894, thére was left of the subsidy in trust $4,027,522, to be used whenever necessary for the payment of principal and
interest o f the consolidated mortgage bonds. In addition to which
w as $3,000,000 receivable under the Tampico Harbor concession. See
further facts in Supplem ent of March, 1894.
B onos .—The $7,000,000 priority bonds were paid off with proceeds
<of subsidy collections, interest ceasing April 10, 1891. See V. 52, p.
390. Of these $1,403,000 canceled and balance held as investment by
Trustee of con sol;. imort. The consol, mort. 4 p. c. (trustee, Boston
«Safe Deposit & Trust- Company) cover the entire property, all old firsts
•deposited, and the subsidy earned and to be earned. (See abstract of
mortgage in Chronicle , Y. 49, n. 177.) Both series of incomes are
mon-cumulative and secured by. one indenture to the American L. & T.
d o . First oonsoL incomes receiyed 3 per cent interest July 10,1890, and
3 per cent in July, 1891, and 1892, respectively ; none since.
G e n eral F inances .—The report for 1893 states that the depreciation
in silver caused a loss during the, year of $386,074, as compared with
ithe.year 1892, from operations and depreciation in Mexican currency
¡assets. On Jah. 1,1894, notes outstanding were $1,000,000, the same
As 1893. Notes and accounts receivable, $1,709,046.
E arnings.—Mexican cur. $ 1894, gross, $6,217,883; net, $1,995,363
.Jan. 1 to Sept. 30 (9 mos.) ( 1893, gross, 5,842,390; net, 1,958,222
AaoîüAL R eport —Fiscal year ends Dec. 31. Report for 1893 was in
W. 58, p. 715, with earnings, balance sheet, <fcc. The gross earnings
below are Mexican currency, all other figures U. S. currency. In 1893
ithe company received an average of only 62-02 cents for its Mexican
•dollars, against 68‘26 cents in 1892 and 76-74 cents in 1891.
INCOME ACCOUNT—(U. S. CURRENCY EXCEPT AS INDICATED).
■ Y ear ending Dec. 31—
1890.
1891.
1892.
1893.
1,665
1,825
1,847
AV’ige miles operated____ 1,527
Gross earnings, Mex. cur.$6,425,694 $7,374,539 $7,963,254 $7,981,768
Net earns. Mex. cur........ $2,424,524 $2,694,750 $2,961,467 $2,845,588
D o do in ü . S. c u r.... 1,978,157 2,068,013 2,021,515 1,764,823
Subsidy aco’t in U. S. cur. 601,127
300,000
500,000
500,000
Miscellaneous in U. S. cur.
17,953
___. . . .
7,170
............
ship of stock, Texas Mexican Railway, Corpus Christi to Laredo ,|
Texas, and branch, 163 miles; other lines, 5 miles; total 1,232 miles.:
Gauge, 3 feet; rail (steel aiid iron) 40 and 45 pounds to the yard.
Organization .—Successor of the Mexican National Railway, sold in
foreclosure May 23,1887. Owns all the Texas Mexican Railway first!
and second mort. bonds and $2,453,750 of its $2,500,000 capital stock.
Su b sid y .—As to subsidy, see full particulars in Supplement for Janu
ary, 1893. Total subsidy applicable to the new first mortgage bonds ,
was $6,003,120, Mexican money, of which in March, 1894, $2,667,434 :
had been paid. Receipts are applied to interest on bonds, in case of
deficiency from earnings, or to their payment when drawn by lot. An
nual payments on subsidy from Mex. Gov. were 6 per cent of customs1
receipts, but for three years from Sept. 1,1893, this has been reduced
to 2 p. c., the remaining 4 p. c. to be deferred and bear 6 p. c. interest.
Stock .—Stock, $33,350,000 (par $100), placed in trust with the
Farmers’ Loan & Trust Company, leaving the road in control of 1st and
2d mortgage bondholders until it earns and pays interest on both classes
of bonds for two consecutive years. The first mortgage bonds have
two rotes, the 2d mortgage, A. & B., bonds one vote each. The Mexican
Nat. Const. Co. is supposed to own a majority of the stock and $7,000,000 of the incomes. Canital reserve fund Jan. 1.1894, held $786,004.
B onds.—The first mortgage of 1887 is a prior lien upon all the
lines in Mexico, constructed or to be constructed, and upon the Texas
Mexican securities. The bonds are redeemable on notice at nar. Trus
tees Hugh M. Matheson and Capt. W. G. Raoul. Original issue $12,500,000, which has been reduced to present figure bv redemption with sub
sidy of $319,000 in 1891, $305,000 in 1892 and $298,000 in 1893.
The 2a mortgage bonds, series “ A,” are strictly cumulative, and not
foreclosable while stock remains in trust as above stated; the 2d mort
gage bonds, series “ B,” are non-cumulative; trustees, W. G. Raoul
and J. A. Horsey; $200,000 of 2d mortgage bonds are reserved for bet
terments. Third mortgage trustees, C. J. Canda and H. A. Risley.
On series “ A” bonds from earnings of 1892, 2 per cent was paid
March 1,1893. Loans and bills payable Jan. 1,1894, $89,216.
Of the 2a mortgage bonds $5,000,000 [one-half each series A and B]
entered into a special trust arrangement by which they are drawn for
payment with proceeds of certain subsidy certificates. See V. 56, p. 20,
and F inancial R e v ie w for 1890, page 59.
E arnings —9 months, (1894, gross, $3,122,314 ; net, $1,298,006
Jan. 1 to Sept. 30.
(1893, gross, 3,186,294 ; net, 1,188,748
Net available for interest, including earnings from Government,
$725,788 in 1894 against $671,034 in 1893. Above figures are in
Mexican currency to be valued at 80 cents on the dollar in U. S.
money, all other depreciation having been allowed for.
A nnual R eport —Fiscal year ends Dec. 31. Report for 1893, with
the balance sheet, etc., was given in full inV. 58, p. 453, 473, 475.
Gross below are in Mexican currency, all other figures in T . S. currency.
J
Mexican currency is reduced to United States currency at 80 per cent,
all loss above this being charged off in exchange account shown below.
INCOME ACCOUNT—(U. S. CURRENCY EXCEPT GROSS EARNINGS).
Tear end’g Dec. 31— 1890.
1891.
1892.
1893.
Miles operated...........
1,218
1,218
1.218
1,218
Gross earnings......... $3,754,966 $4,206,422 $4,756,030 $4,224,804
$892,788 $1,346,898 $1,296,096
Net earnings.............. $625,169
Subsidy receipts........
305,314
112,500
..........
............
Total net income.. $930,483 $1,005,288 $1,346,898 $1,296,096
Int. on 1st M. bonds.. $809,500
$738,835
$720,185
$702,130
Exchange.....................(cr.)14,671 loss 51,796
248,622
434,242
Total net income........$2,597,237 $2,368,013 $2,528,685 $2,264,823
Misc., bet’m’ts, etc..
135,654
360,341
132,598
137,156
ffirteæest on bonds............. 2,434,581 2,321,180 2,667,769 2,226,962
Sffisoellaneous.......... .......
261
39,374
16,387
Balance..............
............ df.$145,684sr.*$245,493 sr.$22,568
* Paid 2 p. e., $243,290, on 2d mort. A in March, 1893.
¡B alance......................sr.$162,395
$7,459 1Tdfl39,084 sr.$21,474 —(V. 57, p. 11; V. 58, p. 4 5 3 , 4 7 3 , 4 7 5 , 512.)
M exican N orthern.—Owns from Escalon, Mexico, on the Mexican
1f Balance to eredit of income account Deo. 31,1893, was $76,219.
Central Ry., to Sierra Mojada, 83 miles, ail steel, completed July 1891.
— (V. 56, p. 7 3 4 , 7 5 2 , 973; V. 58, p. 7 14, 7 5 5 , 773, 7 76, 879.)
D ivid en ds .—From February, 1892, to November, 1892, both
M exlcau In tern ation a l.—(See Map Southern Pacific)—R oad —
•Owns in Mexico a standard gauge road from Ciudad Porflrio Diaz, on inclusive, 1*2 per cent quarterly (6 per annum.) In February, 1892, an
per cent was paid. In 1893 paid 4*2 per cent. In
¡Southern Pacific, via Torreon, on Mexican Central, to Durango, 540 extra dividend of
«miles, with branches, 33 miles. Completed in October, 1892. Exten 1894, Jan., 1*2; April, 1 ^ per cent; July, 1 per cent; Oct., 1 per cent.
sions are under construction. Capital stock Dec. 31,1893, $16,975,B onds .—The mortgage of which the State Trust Co. of New Y ork is
<000. Trustee, Metropolitan Trust Co. of N. Y.
trustee,is for $1,660,000, of which $162,000bonds in Sept., 1894, were
E arnings—8 months, ( 1894, gross, $1,380,203 ; net, $569,495 held by the sinking fund. The bonds are not subject to call.
Jan. 1 to Aug. 31.
(1893, gross, 1,358,612 ; net,
406,263
E arnings.—Jan. 1 to Sept 30,1 8 94 (9 months), gross, $472,682; net,
A nnual R epo r t .—Report for 1893 was in V. 58, p. 593, showing gross $247,518. In year end. June 30,1893, gross $1,160,148; net, $566,673.
«earnings on an average of 573 miles, $2,050,934 (Mexican currency);
M ich igan Central.—(See Map adjoining New York Central
met, $749,540; exchange on purchases in United States and duties, page.)—L ine o p R o ad .—Main line—Kensington to Detroit, 270 miles,
met, $93,260 ; total, $842,800, equal in U. S. currency to $561,867; and Windsor to Suspension Bridge (Canada Southern), 226 miles;
oth er income, $64,651; total, $626,518; deduct interest, &c., $577,477; total main line, 496 miles. Branches owned and leased 1,124 miles;
balance, surplus, $49,041. In 1892 gross, $2,095,726; net, $766,815. trackage HI. Cen., 14 miles; total January 1, 1894, 1,634 miles.
R esiden t, C. P. Huntington, N. Y. City. New York office, 23 Broad There are 244 miles of second track and 839 miles of side tracks.
S t. <V. 56, p. 8 1 1 ,8 3 4 ; V. 57, p ,1 7 9 ,181; V. 58, p. 5 9 3 ; V. 59, p. 371.)
Organization , L eases , &c.—The Michigan Central was chartered in
M exican N ation al.—Owns narrow gauge road from Laredo 1846; the whole line, Detroit to Kensington, was opened in 1852. The
s6o City of Mexico, 842 miles ; Acambaro to Patzuaro, 96 miles ; El lines described above as leased are all held by the Miohigan Central
Spito branch, 45 miles ; Matamoras to San Miguel, 76 miles ; small nominally under leases at fixed rentals, but are practically owned. To
{branches, 5 miles ; total owned, 1,064 miles ; controls through owner- enter Chicago uses the Illinois Central under a perpetual lease.
N o v e m b e r , 1894. j
RAIJLKUAD
STOCKS
AND
BONDS.
8 0
s
Subscribers will confer a great favor by giving Immediate notlee of any error discovered In these Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
Amount Rate per When Where Payable, and by pal,When Due.:
Stocks—Last
Outstanding Cent. Payable
Whom.
Dividend.
RAILROADS.
Miles
Par
of
For explanation of column headings, &c., see notes of
Road. Bonds Value.
on first page of tables.
Middle Oa. A Atlantic—Stock, $12,000 per m ile....
Mortgage, $18,000 per mile, gold..........................
ïé
Middlesborough Bett—1st mort. for $1,000,000... .e
,
22
Middlesex Valley—Stock.............................................
22
1st mort., $600,000, gold, ($20,000 per mile). .c*
13
Middletown Un. < 9 . Gap—IstM., ext.in ’ 86........ c*
£
2d mort. guar, interest, reduced to 5 per cent...c* . . . .
Milwaukee Lake Shore & Western—See Chicago & N ort
Milwaukee A Lake Winnebago—Common stock....... 100
Preferred stock, 6 per cent, cumulative............... ___
66
1st mortgage, gold................................................e*
66
Income mort. (cumulative), gold, interest paid.o*
Debentures, convert., gold, see remarks........... c*
Milwaukee A Northern—See Chicago Milwaukee & St". Pa
53
Mine H ill A Schuylkill Hav.—Stock (7^ p. ot. rent’l)
17
Mineral Range—New consol. M., gold, red. atl05..c
Minneapolis A St. Louis—
1st preferred stock, 5 per cent, cumulative.........
2d preferred stock, 5 per cent, non-cumulative.,.
1st M. .Minn,to Merriain Jc................................... 6*
1st mort., Merriam Junction to State Line,gold.o*
IstM . Minn. &Dul.,Minn,to White B. Lake............ *
Iowa exten. 1st M., g. (Al. Lea to Fort Dodge). .c*
Mort.on Southwestern extension($12,000 p.m.)e*
Pacific extension 1st mortgage, gold................. c*
First consolidated M., $10,000,000, gold............ .
$100
1,000
1,000
100
1,000
1892
100 &c.
1866
1871 500 &c.
1892
1890
h -W es
....
1882
1882
1884
ul.
1891
....
....
"27
93
15
102
53
92
1877
1877
1877
1879
1880
1881
1894
TERN.
"Too
1,000
1,000
1,000
50
500
100
100
100
1,000
500&C.
1,000
1,000
1,000
1,000
X 1,000
Canada Southern Contract.—In Nov., 1882, a close contract was
made -with Can. So. for the operation of its road. The contract provided
for a re-apportionment every five years and in the re apportionment
December, 1892, it was agreed that the Canada Southern should there
after receive 40 per cent and the Michigan Central 60 per cent of the
first $1,000,000 of net earnings, any amount over that to be divided
as theretofore—one-third to C. S. and two-thirds to M. C. V. 55, p. 1078.
Capital Stock.—The stock has remained at same amount since 1873.
D ividends since 1882—In 1883,5; in 1884,3; in 1885 and 1886, nil; in
1887 and 1888,4; in 1889, 4 ; in 1890, 5 ; in 1891,5; in 1892, 5 ^ ; in
1893,5*2 p. c.; in 1894, Feb., 3 ^ per cent, of which l 1 extra; Aug. 2 p.c.
^
B onds.—The Jackson Lansing A Saginaw bonds were assumed by
Michigan Central, which also guarantees in perpetuity 3*8 per cent on
the stock. The Bay City A Battle Creek mortgage is for $1,800,000,
but amount outstanding is limited to $15,000 per mile. The
total issue of Battle Creek A Sturgis bonds is $500,000, but
o f this $79,000 was sub-guaranteed by the Lake Shore & Miohgan
Southern, 7 miles of the B. C. & S. being operated by that company
The Bay City & Battle Creek and the Battle Creek & Sturgis issues both
carry the guaranty of the Michigan Central endorsed on the bonds.
Operations, F inances, &c.—The road is operated under a close con
tract with Canada Southern, and the earnings of both roads are included
in the statistics below. Nothing has been charged to either the con'
struction or equipment account since 1883, with the exception of land
for right of way and terminals. All betterments and improvements to
the road have been charged to operating expenses.
L atest E arnings.—Jan. 1 to June 30 (6 months).
Can. So. Mich. Cent.
Cross.
Net. ln t, rentals, etc. share.
share.
1 8 9 4 .. ..$6,169,000 $1,740,000 $1,200,000 $152,000
$388,000
1 8 9 3 .. .. 7,650,000 1,765,000 1,200,000
162,000
403,000
A nnual R eport.—Fiscal year ends Dec. 31. Annual meeting is held
•n the Thursday following the first Wednesday in May. Report for
1893 was in V. 58, p. 773.
Tear ending Bee. 31— 1890.
1891.
1892.
1893.
Miles operated...!....
1,609
1,609
1,639
1,634
Gross earnings..........$14,490,711 $15,162,960 $15,908,292 $16,178,031
Operating expenses.. 10,731,754 11,107,569 12,046,095 12,287,792
6 Months.
Net earnings....... $3,758,957 $4,055,391 $3,862,197 $3,890,239
F. e. op. ex. to earns..
74 06
73*25
75'72
75*95
Net, incl’g otherinc.. $3,816,450 $4,114,019 $3,908,995 $3,936,029
$184,310
$184,310
$184,310 • 184,310
Rentals paid.............
Interest on debt.......
2,270,022
2,254,977 2,220,054 2,217,494
Can. Southern share.
355,633
446,776
380,712
456,648
Dividends..................(5)936,giOiS^lOSOeOKS^lOSOeOliS^lOSOBOl
Surplus........... . def.$65,148
$197,355
$93,318
$46,976
* Balance to credit of income account Dec. 31,1893, was $2,437,043
—(V. 54, p. 7 42,760; Y. 55, p. 4, 21, 1078; V. 56, p. 403, 500, 7 5 4
1057; V. 57, p. 6,1065,1083; Y. 58, p. 773,1073,1092.)
Middle Georgia Sc Atlantic —Owns from Eatonton to Covington,
Ga., 44 miles; operates Milledgeville & Eatonton RR., 21 m iles; total,
65 miles. Extension 7 miles to Covington, Ga.,was completed in 1894.
Stock and bonds all held as security for a loan of $185,000. None sold
in March, 1894. Sold in foreclosure Sepfc. 11. 1894, to Herman Myers
and others for $ H 5,000. Projected from Savannah to Atlanta, about
236 miles.—(V. 53, p. 126; V. 59, p. 291.)
Middlesborough Belt.—
Road around City of Middlesborough,
X y., 11 miles; branches to coal mines, 10 m.; sidings, 7 m.; total, 28
miles; opened January 1,1891. Capital stock authorized, $1,000.000;
par, $50. There are car trusts outstanding. July 1,1893, interest was
not paid and in Oct., 1893, J. H. Bartlett was appointed receiver. In
1892-93 gross, $25,816; net, $2,742.
Middlesex Valley.—
Opened for business in October, 1892, from
Naples, N. Y., north to Stanley, N. Y., 22 miles. Extension 8 miles to
Geneva opened in September, 1894. In 2 mos. ending June 30,1893,
gross, $22,643; net, $8,294.
Middletown C nioiiville & Water Gap.—(See Map N. T. Sus
quehanna A Western.)—Owns from Middletown, N. Y., to Unionville,
N. J. State line, 14 miles. Stock, $149,850; par, $50. Is controlled
through ownership of stock by New York Susquehanna & Western,
which pays interest on bonds. In year ending June 30, 1893, net
income from operation, $21,192, against $13,921 in 1892; deficit under
fixed charges, $835, agst. $7,842; total deficit June 3 0 ,1$93, $278,958.
Milwaukee Lake Shore & Western.—
Merged into Chicago &
Northwestern RR. Co. Sept. 1,1893. V. 57, p. 375. See V. 56, p. 792.
Milwaukee Sc Lake Winnebago.—Owns Neenah to Schleisingerville, Wis., 65 miles. Leased for 99 years to Wis. Cent, at 37*2 per
cent of gross earnings as rental; but after $175,000 per year is re
ceived, the balance of net earnings is to be equally divided.
D iv id e n d s .—Preferred has paid regularly 9 per cent per annum,
being regular preference of 6 per cent, and on account of accrued back
dividend an additional 3 per cent. In February, 1893, an extra divi
dend o f 10 per cent on account of accrued back dividends, of which
nly $5 00 per share remained unpaid in June, 1894.
See text.
See text.
$552,000
500.000
440.000
150.000
250.000
5
6
J. & J.
J. & J. Jan., ’93, coup, lastpd. July 1, 1930
N.
Y.,
5 g* M. & N. N. Y., Central Trust Co. Nov. 1, 1942
M. &
N.
N. Y. Susq. & W. Nov. 1, 1911
do
do
Deo. 1, 1896
i g- J. & D.
520.000
780.000 See text. F.
1,430,000
6 g- J.
520.000
5 g- J.
244.000
6 g. A.
4,210,200 J.3*2 Ju4
340,500
5 *■
6,000,000
5
2.500.000
4,000,000
455.000
7g.
950.000
7 g.
280.000
7 g.
1.015.000
7 g.
636,000
7g.
1.382.000
6 g*
5^282,000
5 g-
&
&
&
&
A.
J. N.Y., 36 Wall St. & Bost.
do
do
J.
do
do
O.
Aug.
July
July
Apr.
1,
1,
1,
1,
1894
1912
1912
1904
J & J. PhUa.,Office, 119 S. 4th. July 16,1894
J. & J. N. Y., Third Nat. Bank. Jan. 1, 1931
J.
J.
M.
J.
J.
A.
M.
&
&
&
&
&
&
&
J.
D.
N.
D.
D.
O.
N.
July, ’94, pd. when due.
See text.
Last paid May, 1894.
Last paid June, 1894.
June, ’88, pd. Aug. ’94.
Last paid April, 1894.
N. Y. Central Trust Co,
Jan. 1, 1907
June 1, 1927
Jan. 1, 1907
June 1, 1909
Dec. 1, 1910
Apr. 1. 1921
1934
I B onds.—Debentures Nos. 1 to 200 are convertible on any coupon day
I into preferred stock, and Nos. 201 up into common; the lessee pays interest on them during first ten years after issue.
R en tal , E tc .—Rental in 1892-93, $204,324; in 1891-92, $200,843; ija
1890-91, $198,591. In 1892-93 gross receipts were $207,759; net over
expenses and taxes, $200,465; interest on bonds, $111,800.
M in eral R a n ge.—Houghton, Mich., to Calumet, Mich., 15 miles;
branch, Franklin Station to Franklin, 2 m.; total, 17 miles (3-foot gauge.
H isto r y , E tc .—Operated in close connection with Hancock & Calumet
(which see.) Reorganized in 1891. Capital stock, $400,000; par, $100.
B onds .—The consolidated mortgage covers all the property, including
$250,000 of Hancock & Calumet stock, which is five-sevenths o f the
whole issue. Mortgage is for $600,000, of which $252,500 are in com
pany’s treasury and $7,000 with trustee.
L atest E arn in g s —From Jan. 1 to Jan. 31, 1894 (1 month), gross
$23,539, against $22,514.
In 1893 gross earnings, including operations of Hancock & Calumet,
were $304;767; net, $106,177. In 1892 gross, $314,329; net, $117,87$.
President, W. F. Fitch, Marquette, Mioh. Secretary, Geo. H. Church, 45
William St., N. Y. (V. 54, p. 557; V. 55, p. 1110.)
M in n eapolis Sc St. L o n is R R .—(See M ap.)—Owns main line,
Minneapolis to Angus, la., 259 m iles; Pacific Div., Hopkins to Morton,
92 miles; Kalo Branch, 2 miles; Lake Park Branch, l 1 miles; total
^
operated, 354^ miles. Leases trackage from Minneapolis to St. Paul
over St. Paul & Northern Pacific Railroad; also owns from Minneapolis
to White Bear, 12 miles, which is leased to the St. Paul & Duluth Rail
road. Operates, but accounts kept separate, Wisconsin Minnesota &
Pacific Ry., 218 miles.
His t o r y —A reorganization in October, 1894, as per plan given in
V. 59, p. 371, of the Minneapolis & St. Louis B y., sola Oct. 11,1894, at
foreclosure under improvement and equipment mortgage.
Sto c k .—The capital stock of the new company is common, $6,000,000; first preferred, 5 p. c., cumulative, $2,500,000; second preferred,
5 p. c., non-cumulative, $1,000,000. Under the plan, old common and
old preferred were assessed $25 per share, new first preferred being
issued therefor.
B onds, E tc.—Bonds issued under the mortgage due June, 1927, num
bered from 1,101 to 1,400, for $500 each, additional to those above,
were assumed by the Burl. Cedar Rapids & Northern RR.
The rental from the St. Paul & Duluth RR. Co. is applicable by orderof oourt to coupons on Minn. & Dulut > bonds due May 1,1907.
The new flr-t consol, mortgage provides for the issue of $10,000,000
first consol. 40 year, 5 p. c. gold bonds, of which ire reserved $4,718,000
for underlying mortgage, the remainder to pay past-due coupons, to re-?
tire or acquire certain outstanding bonds, and for expenses, etc.
The 2d mortgage incomes for $500,000, which matured Jan. 1,1891,
with all unpaid coupons attached, were paid with interest thereon to
Nov. 13,1894, under the reorganization.
P ayment of Coupons.—On July 1 , 1894, coupons due and unpaid
amounted to $1,588,687. The table gives the date of the last coupon
aid on each of the several issues of bonds. Payment of coupons in*
efault has included interest accrued to date of payment. See pay
ments V. 56, p. 164, 753; V. 57, p. 683, 979. V. 58, p. 127.
G e n e r a l F i vances . —Estimated fixed charges under plan are
$580,540 per year. A syndicate has purchased $5,000,000 o f the new
40-year 5 per cent bonds and will pay the assessment and take the
place of non- assenting stockholders. See V. 59, p. 371.
E arnings —3 months, ) 1894, gross, $465,902; net, $196,580.
July 1 to Sept. 30,
5 li- 93, gross, 433,514; net, 176,224.
A nnual R eport.—Fiscal year ends June 30. Report for 1893-94 was
given in Chronicle, Y. 59, p. 513.
Passengers.......................
Freight.............................
Mail, express, &c............
1890-91.
1891-92.
1892-93.
1893-94.
$343,141 $402,229 $410,995 $355,188
1,167,747 1,473,683 1,449,089 1,243,538
94,476
109,121
114,415
110,144
Total........................... $1,605,364 $1,985,033 $1,974,499 $1,708,870
Oper. expenses & taxes.. 1,069,146 1,186,600 1,267,685 1,052,459»
Net earnings.............
Other income....................
$536,218
115,259
Total............................ $651,477
65,025
Rentals........ ...................
Interest paid during yeai
217,8b0
$798,433
127,202
$706,814
138,361
$656,411
157,202
$925,635 $845,175
61,797
62,554
35,525 1,185,629
$813,613
63,657
896,070
$97,322 $1,248,183 $959,727
Total..... ..................... $282,885
BaLoverint,* rents paidfl sr.368,592 sr.828,313df.*403,008df.*146,114
1 Additional expenditures for construction, equipment, etc., were as
T
follows: in 1890-91, $269,294; in 1891-92 $255,278; in 1892-93, $126,828: in 1893 94 $20,778.
* Paid from accumulated surplus in receivers hands.
—(V. 57, p. 596, 683, 979; V. 58, p. 127,1109; V. 59, p. 116,152, 332,
371, 453, 5 1 3 , 551, 600, 651, 697, 738, 780, 836, 879.)
«o
IN V E S T O R
SUPPLEMENT.
[Yol. LIX.
N o v e m b e r , 1894. J
BAILBOAD
STOCKS AN D
91
BONDS,
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
±ion<ts—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date I Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
•For explanation of column headings, &c., see notes of
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.
Minn. eft. Paul A Sault Ste. Marie.—Common stock.
Preferred stock, 7 per cent, non-cumulative.......
Minn. Sault Ste. Marie & Atlantic 1st M. gold..c*
Minneapolis & Pacific. 1st mort., $15,000 p. m..c*
Consol. M.> gold, int. guar, (end.)—See text— c
Inoome certificates..................... ....... - ...................
$100 $14,000, 000
495
286
970
28
Mississquoi Valley—
Stock, 4 p. o. rental Cent. Y t..
Missouri Kansas A Tenets.—Common stock. . ............
Preferred stock, 4 per cent non-cumulative........
Tebo. & Neosho 1st mort., gold, s. f., red. at 100.. 100
M. K. & T. 1st mortgage, gold................... - - ......... 1,601
2d mortgage, (income till Aug., 1895) gold........ 1,601
Kan. City < Pacific 1st mort., gold, int. gu. end.o* 125
fe
67
Dallas & Waco 1st M.,$20,000p.m., g.,p.«fei. gu.o*
Mo. Kan. & Eastern 1st M., gold, gu. p.&i. (end.).c* 162
2d M. for $500,000 gold, guar., p. & i. (end.)... 162
M. K.& T. in Texas 1st M., $20,000p.m., gold, gu.c* 132
Booneville Bridge,1st M., gold., gu., dr’n at 100. c*
Ouar. bonds o f companies operat'd separately—
Sh.Sh.«feSo.lstM.,$20,000p.m.g.,gu.,p.«fci.(end.)c* 155
S. W. Coal & Imp 1st M. guar. p. < i. end. s. f . in ’99
fc
M issouri Pacific—Stock, $55,000,000 authorized.
Pac. RR. of Jdo. 1st mort., extended in 1888, gold 283
2d mort. ext. in 1891 in gold, St. L. to K. C..c* 283
1st M., St. Louis real estate, ext. in 1892, gold.
1st M. Carondelet Br., g., gu. p.& i.(end.)ext.’93 "Ï3
3d M. (cover’g all property of Pacific RR. of Mo.) 296
55
Mo. Pacific 1st M., Lexington to Sedalia, Mo, gold
1,076
Consolidated mortgage, $30,000,000, gold ..
7,000, 000
&
J. < J. N. Y., Morton, B. < Co,
fc
8,280, 000
do
do
fe
í g* J. < J.
3,216, 000
do
do
fe
1,000 14,284, 000
4 g. J. < J.
=
771, 000
New York < Chicago.
fe
303, 905
St. Albans, Vt.
fe
500, 000 4 per an. J. < J.
100 47.000, 000
100 13.000, 000
7 g. J. «fe D. N. Y. Office, 45 Wall St
187, 000
1,000
1870
do
do
&
4 g. J. < D.
=
1890 500 &e. 39,813, 000
&
4 g. P. < A. Feb., ’94, coup, was pd.
=
1890 500 «feo. 20,000! o o o
F. «fe A. N. Y., Office, 45 Wall St,
2,500 000
1890 . 1,000
Ì g- M. «fe N.
do
do
1,340: ,000
1,000
5 g.
1890
do
do
4,000 ,000
1,000
5 g. A. «fe O.
1892
do
do
5oo; ,000
1,000
1892
5 g. A. «fe O.
do
do
fc
2,635 ,000
1,000
5 g. M. < S.
1892
do
do
634 ,000
7 g. M. «fe N.
1873 $ & &
1886
1886
1888
1890
100
1,000
1,000
1 , 200,000
5 g<
6 '
800,000
47,436,575 See text,
7,000,000
1,000
1868
£ g2.573.000
1,000
1871
£g.
800,000
5 g1872 500 «fee,
245.000
500
41a g.
1873
7
3.828.000
1,000
1876
650.000
5 g.
1880 500 «fee,
6 g.
1880 I 1,000 14,904,000
1893
1889
1,000
1,000
100
Minneapolis St. Paul & Sault Ste. Marie.—(See Map.)—
Owns Minneapolis to Sault Ste. Marie, Mich., 491 miles; branches, 15
m iles; from Minneapolis northwest to Kulm, No. Dak., 308 miles;
Hankinson to International Boundary Line, No. Dak., 342 miles; track
age in Minneapolis, St. Paul, etc., 19 miles; total, 1,175 miles. Exten
sion northwesterly to the international Boundary was completed in
Sept., 1893, connecting with the Canadian Pacific.
History.—Formed June, 1888, by consolidation of the Minneapolis
(Sault Ste. Marie < Atlantic, the Minneapolis < Pacific, etc. (See V.
fc
fe
46, pp. 538, 609.) Controlled in the interest of the Canadian Pacific.
Stock .—After 7 p. o. on pref., common and preferred share pro rata.
Bonds.—Can. Pac. guarantees by endorsement 4 per cent interest on
all the bonds assenting to a reduction of interest to 4 percent. (See
V. 50, p. 784; V. 51, p. 239.) About one-half the Minneapolis < Pacific
fc
bonds and practically all of the other issues assented. V. 54, p. 799.
Abstract of M nneapolis Sault Ste Marie A Atlantic mortgage in V. 45,
p. 243. The'cowsof. mortgage o f 1888 (trustee, Central Trust Co., mort
gage abstract Chronicle, V. 47, p. 142), was for $21,000,000 on 800
miles (sufficient of this amount being reserved to retire the prior
bonds) and for $20,000 per mile on all additional mileage. In April,
1893, the company sold on account of 170 miles of new road $3,420,000,
making total issued $12,909,000, and had for sale an additional $3,888,000 on 194 miles to be built in 1893. See mileage above. Bills
payable, including car trusts May 1, 1893, $424,439; due Canadian
loan account, $3,289,287.
Earnings.—From Jan. 1 to Feb. 7,1894 ( l ^ month), gross, $246,623,
•against $281,319 in 1893. In year 1893, gross $3,320,801; net, $859,788. In year 1892, gross, $3,314,149; net, $1,240,946; interest, $866,71 0 ; rentals, $166,318; taxes, $81,310; sundries,$67,627; balance,
surplus, $108,981. In 1891 gross, $2,586,821; net, $1,026,174. (V.
55, p. 723, 995; V. 56, p. 414, 710.)
M issouri K a n sa s & T ex a s.—f/Stee Map.)—R oad .—The lines,
clearly shown on the map, embraced June 30,1894, the follow ing:
Operated jointly.
Road owned.
Miles.
St. Louis to Texas Junction..
24
Hannibal, Mo., via Denison &
43
Whitesboro,to Henrietta.. 689 Kansas City to Paola.............
Whitesboro to Ft. Worth.......
71
June. City, Kan., to Parsons. 158
Ft. Worth to Houston, T ex.. 327
Total operated June 30,’94.2,023
Branches (8) to Mineola, etc. 399
Operated separately.
Sherman Shrev. < Southern—
fe
Total ow ned... ...................1,573
J’ffers’nto Greenv.,Tex.,&c. 155
Road leased.
Miles.
Texas Jet. to Franklin Jet... 162
Paola to Stevens, etc............. 150
The Holden Branch, 54 miles, owned by M. K. < T., is leased to Mo.
fe
Pac., and not included in above mileage. M. K. < T. trains run into
&
•Galveston over the Galveston Houston < Henderson tracks. See V.
&
57, p. 91, 853; V. 58, p. 430. Extension from Parsons, Kan. to Joplin,
Mo., is projected.
Organization , «fee.-—
Reorganized in 1890, without foreclosure, [plan
In V. 49, p. 719,1 the old first mortgage being paid off at par.
The “ M. K. < T. Railway Company of Texas” was formed with capital
fe
o f $8,000,000 to consolidate certain of the roads in Texas. The entire
stock is deposited with Central Trust Co. as trustee for the benefit of
the M. K. < T. security holders. (V. 54, p. 1047; V. 55, p. 298.)
&
As to the Missouri Kansas < Eastern see below.
fe
M. K. < T. owns entire capital stock of the Galveston Houston <
fe
fc
Henderson, operated under lease by International < Great Northern.
fe
L and Grant .—Land grant in Indian Territory 3,110,400 acres, sub
ject to extinguishment of the Indian title. (V. 55, p. 937.)
Stock .—Besides stock as above the Boonville RR. Bridge Co. has
$1,000.000 stock—par $100; and the M. K. < T. of Texas has $1,987,500,
fe
included by M. K. & T. in its balance sheet in the outstanding capital.
Bonds.—Full abstracts of the first mortgage of 1890 (trustee Central
Trust Company) and of the second mortgage (trustee Mercantile
Trust Company) were in V. 51, p. 495. These mortgages cover the
tna.iii line from Hannibal, Mo., to a point 80 miles from Houston, Tex.,
a distance of 941 miles [except 71 miles of trackage] and sundry
branches, the total mileage mortgaged being 1,601 miles, including the
Sherman Shreveport «fe So., formerly the East Line < Red River RR.
&
The bonds of the Sher. Shr. < So., except $1,050,000 [turned over to M.
&
K. < T. for standard gauging the line [are deposited as part security
&
for the aforesaid mortgages. These mortgages also cover the right to
the land grant in the Indian Territory.
Payment of interest on the second mortgage of 1890is not obligatory
till August 1,1895, payment of coupons in meantime being condi
tioned “ upon such net earnings as shall remain at the expira
tion of each six months after payment of operating and
maintenance expenses, taxes, repairs, renewals, replacements, in
surance and interest on the first mortgage bonds.” Interest payments :
In Feb., 1892,2 p.c.; Feb., 1893,2 p.c., Feb., 1894,2 p.o. (V. 56, p. 127.)
Guaranties.—Interest is guaranteed on $2,500,000 Kansas City <
fe
Paciflo 4 per cent bonds ana on the Booneville Bridge 7s, and prin
eipal and interest on Dallas < Waco bonds (issue limited to $1,340,000).
fe
The Missouri Kansas A Eastern bonds are guaranteed, principal and
interest, the road forming the St. Louis extension from Franklin, Mo.,
to Texas Junction, Mo.. 162 miles. The mortgage is for $4,000,000.
See guaranty V. 56, p. 604,
do
do
J. «fe D.
do
do
J. «fe J.
Q .-J . N. Y., Mercantile Tr. Co,
do
do
F. & A,
do
do
J. «fe J.
do
do
M. «fe N.
do
do
A. «fe O,
do
do
M. «fe N.
do
do
F. < A,
&
do
do
M. «fe N,
July 1, 1926
Jan. 1, 1936
July 1, 1938
July 1, 1900
1896 < 1897
fe
July 2, 1894
June
June
June
Aug.
Nov.
Apr.
Apr.
Sept.
May
1,
1,
1,
1,
1,
1,
1,
1,
1,
1903
1990
1990
1990
1940
1942
1942
1942
1906
June 1, 1943
1Q9Q
July 15,1891
Aug. 1, 1938
July 1, 1938
May 1, 1938
Oct. 1, 1938
Nov. 1, 1906
Aug. 1, 1920
Nov. 1, 1920
The M. K. A T. in Texas in August, 1892, filed a mortgage to secure
$10,000,000 of bonds at $20,000 per mile for extensions in Texas.
They are guaranteed principal and interest and are so endorsed; trus
tee Central Trust Co. See above, and guaranty V. 56, p. 604.
The Sherman Shreveport A Southern mortgage is for $6,100,000 at
not exceeding $20,000 per mile; authorized, $3,100,000, of whioh
$2,050,000 pledged under the M. K. < T. mortgage of 1890, and $1,050,fc
000 issued to M. K. < T. for standard-gauging the road, formerly the
&
East Line < Red River. See below. The line is operated separately.
fe
The Southeastern Goal A Improvement Oo.’s bonds are guaranteed.
The company’s property includes 15,000 acres of coal lands, the
Denison < Washita Ry., 15 miles, mines in active operation, etc.,
&
the direct revenues in year 1892-93, it is said more than sufficing to
meet the interest on the bonds. The mortgage is for $1,000,000.
Deferred payments due for cars, etc., on July 1,1893, were—payments
extending till February, 1898, $493,179; payments extending till
November, 1905, $260,634. to be made from mileage of oars.
General Finances;—In 1888, when receivers were appointed, the
road was dismembered and in bad physical condition. Since then
large expenditures have been made for improvements, connecting
links have been built and the line to Kansas City has been leased. The
line to Houston was opened in April, 1893, and the St. Louis extension
was ready for local traffic in July, 1893. The C. B. < Q. bridge to St.
fe
Louis on the latter line was completed in January, 1894, and on March
4 the St. Louis extension was opened for regular traffic.
Neither Sherman Shreveport < Southern nor the Coal Co. bonds are a
fe
charge on M. K. < T. earnings, both companies being separately operated.
fc
In January, 1894, stockholders subscribed at 70 for $200,000 S. W.
Coal < Imp. 1st 6s; $200,000 Galv. Houston < H. 1st 5s; $100,000 M.
fe
fe
K. < E. 2d 5s and $500,000 Sherman S. < S. 1st 5s, the proceeds to
fc
fe
be applied to improvements.
L atest E arnings.—January 1 to Nov, 7, 1894 (10 months), gross
$8,487,619 against $8,580,579 in 1893. In calendar year 1893 gross
$10,370,325 against $9,838,074 in 1892.
A nnual R eport.—Fiscal year ends June 30. Report for 1893-94 was
in Chronicle, V. 59, p. 833, and showed $460,384 spent for improve
ments, etc., and charged to operating expenses. Earnings, etc., have
been as below, the interest paid including $400,000 [2 p. o.] on 2d mort.
Tear ending June 30.— 1891.
1892.
1893.
1894.
Miles operated June 30.
1,724
Av. 1,674 Av. 1,712 Av. .1,960
Passenger earnings.....$1,918,884 $1,870,269$1,896,987 $1,989,448
Freight______ . . . . ......... 6,918,355 7,319,912 7,876,357 7,359,213
Mail, express, e tc .......
515,252
560,382
614,847
528;629
Gross earnings............$9,352,491 $9,750,563 $10,388,191 $9,877,290
Oper. exp. and taxes... .$6,583,842 $7,317,493 $7,810,734 $7.205,941
Net earn., incl. oth. ino. 2,774,578 2,433,070 2,597,490 2,671,349
Int. on bonds < rentals.
&
. . . . ___ 2,259,827 2,359,443 2,680,870
Renewals, «fee.............
\ 1 .......
94,300
........
............
Balance...................
sur. $78,943sur.$238,047 def. $9,521
—(V. 56, p. 42, 373, 579, 819; V. 57, p. 91; V. 57, p. 256, 298,341, 375 r
763, 764,786, 8 0 5 ,8 5 3 ; V. 58, p. 223, 430, 476; V. 59, p. 8 3 3 .)
Missouri Pacific.— oad—The lines operated are as follows :
R
Dines owned and controlled. Miles. Leased lines and trackage. Miles.
Boonville St. L. «feSouthern... 44
St. Louis, Mo., to Omaha,
fc
N e b ......................
495 Osage Div. M. K. < T ............... 54
Pleasant Hill to Joplin, Mo.. 133 Vera. Valley Ind. «few est...... 81
fe
12 branches owned..... ........
445 Leroy < Cahey Valley............. 52
Proprietary lines [entire st’ok
Kansas City < S. W.................. 48
fe
Trackage to St. Joseph, e tc .... 29
own’dlform’gline to Pueblo,
Col., etc«............................... 1,833
Total Mo. Paciflo and branch lines Dec. 31,1893...................3 ,2 1 4
Also operates Central Branch Union Pacific, 388 miles ; St. Louis Iron
Mountain < Southern and leased lines, 1,773 miles. Grand total Mis
fe
souri Pacific mileage January 1,1894, 5,375 miles.
Organization, Leases, «fee.—The Pacific RR. of Missouri was sold in
foreclosure September 6,1876. The present company was a consolida
tion in August, 1880, embracing the Missouri Pacific and minor roads.
The bonds of the proprietary lines are practically all ple«iged to secure
Mo. Paciflo loans. The Iron Mountain stock is mostly owned bv the
Missouri Pacific. Complete control of the International «& Great
Northern was secured in 1892. See V. 54, p. 366.
Stock.—Increase of stock to $55,000,000 was authorized in July,
1890, and may be made as stockholders from time to time determine.
Dividends—In 1881, 6 ; in 1882, 6J ; in 1883 to 1887, inclusive, 7
4
yearly; in 1888,5 1 ; in 1889,4; in 1890,4; in 1891,3 p. o; none slnoe.
*
Bonds —The Carondelet branch bonds were extended for 45 years,
from Oct. 1,1893, at 4*2 per cent. The consolidated mortgage is for
$30,000,600—trustees John F. Dillon and Edward D. Adams—the
balance unissued is in the hands of trustees to redeem prior bonds as
they fall due if deemed best. See abstract of mortgage in V. 47, p. 287.
The collateral trust bonds due 1917 (Union Trust Company of New
York, trustee) are secured by mortgage bonds of new roads at $12,00Q
or $15,000 per mile; tbese embracing the line from Fort Scott, Kan.f
to Pueblo.Col., etc. For securities pledged, etc., see V. 46, p. 678.
9 «
IH N
V
INVESTORS’
SUPPLEMENT.
LTol . L1X?*
N o v e m be r , 1894.]
RAILKOAD
STOCKS AND BOJSD&
9ft
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In tbese Tables.
Bonds—Prinol
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When pue.
Amount
For explanation of column headings, &c., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Missouri Pacific—(Concluded.)—
Gold collateral trust bonds ($15,000,000).. .e*<fcr 1,120 1887 $1,000 $14,376,000
M. & S. N. Y., Mercantile Tr. Co.
I g- F. & A.
1st collateral mort. bonds for $10,000,000 gold.e* 671 1890
1,000
do
9,636,000
do
K g‘ J. & J.
Ler. & Caney Val. 1st M.($10,0OOp.m.),Kold.,gu.c*
52 1886
1,000
520.000
do
do
£ g. M. & S.
:Verdigris Val. Independence & W. 1 st M.,g.,guar.
81 1886
1,000
806.000
do
do
5 g*
M issouri Pacific System—St. Louis Iron. Mt. A So...
.St. L. IronMt.A So.lstM., extended at 5 p.c.in’92.c 210 1867
1,000
4.000.
000 5
F. & A. N. Y. Mercantile Tst Co.
2d mort., gold, $1,000 or £200, at hold. opt’n.c* 310 1872 $ & £
6.000. 000
M. & N. New York or London.
l g‘ J. & D. N. Y., Mercantile Tr. Co.
Arkansas Branch 1st mort., land grant, gold.e
99 1870
1,000
2.500.000
I g J. & D.
<
, Cairo Arkansas & Texas 1st mortgage,gold.c*<fcr
1,000
71 1872
1.450.000
do
do
l & A. & O.
■Gen. consol. & land gr.M. ($45,000,000), gold.e* 1.428 ’81tO’7 1,000 21,898,000
do
do
Do
do
gold, stamped, guar. p. & i..o* 1.428
1,000
7.000.
000 K g> A. & O.
do
do
Car trusts, Dec. 31, ’93, due 10 per cent yearly
1.988.500
i g- Quar’ly.
do
do
1st pref. income bonds cumulative..................r
1879
153,020
do
7
March.
do
Baring Cross Bridge Co., 1st mort., gold...........
1873
200,000
do
do
l g- J. & J.
Kansas & Ark. Val. 1st M. $20,000 per m., gold.. 165 1887
1,000
3.412.000
do
do
Little Rock & Ft. Smith 1st M.,land gr. sink.f und.. 165 1875 500 &c. 2.342.500
do
do
? * J. & J.
2 1891
Little Rock June. IstM., guar. p.&i.by Iron Mt..c*
1,000
435.000
A. & 0.
do
do
Mobile A Birmingham.—Stock...................................
100
3.000.
000
Receivers’ certificates (authorized $263,000).......
1893
229.000
1st, ($20,000 per mile) gold, guar. p. & i..........c&r 146 1887
1,000
3 000,000
J. & " j. Jan.,’92,coup, last paid.
% S‘
2d mortgage for $1,500,000, gold........................... 146 1890
1.100.000
5 £• J. & J.
Mobile A Girard—1st mortgage ($200,000 are 6s).c
85 1877
1,000
4 fe
1.000.
000 < 6 J. & D. June, 92, last paid.
Consol, mortgage for $4,000,000...........................
122 1890
1,000
590.000
J. & D.
5
Mobile A Ohio—Stock ($10,000,000 authorized) gold
100
5,320,600
IstM. ,Mob. to Col. (prin.gold,int. lawful money) .c* 472 1879 500 &c. 7 000,000
j . & " . N. Y., Farm. L. & Tr. Co.
*d
' 6*
1st mort., exten.,Colum. to Cairo & branch,gold.e“
'
55 1883
1,000
Q.—Jan.
1 , 000,000
do
do
General mort. for $10,500,000, land grant, s. f. .c 527 1888 500 &c.
4 g> M. & S. N. Y., Gallatin Nat. Bk.
7,886,530
Equipment bonds.............................. .....................
’84-’90 1,000
555,672
6
Vario’s. N. Y., Farm. L. & Tr. Co.
JfoA.cfiJiakme-lstM.,$15,000p.m.,g.,gu.p.&i.(en.)o> 181 1892
1,000
2.500.000
4 g. M. & S. N. Y., Knickerb. Tr. Co.
Income bonds non-cum., 5 per cent (see text)___
1892
3.900.000 Up to 5 Aug. 29 N. Y. Of., when earned.
Monongahela River—See B altim ore & Oh io .
As to collateral trust bonds due in 1920, see V. 50, p. 669, 874.
The Leroy A Caney Valley Railroad in Kansas, 52 miles, is leased and
bonds guaranteed by Missouri Pacific as also the Verdigris Valley Inde
pendence A Western, 81 miles. The Booneville St. L. A So. RR. (BoonevUle to Versailles, Mo., 44 miles) is leased at $25,000 per annum. B. St.
L. & So. 1st mort. 6s for $400,000 due Aug. 1,1911, are outstanding;
Interest is payable F. & A. at Am. Ex. Nat. Bank, New York.
G e n eral F inances .—Dividends were discontinued in October, 1891,
On Dec. 3 1,1893, the floating debt of Mo. Pao. amounted to $6,779,302,
including notes payable, $431,388, and “ advances by directors,” $4, •
142,033. Current assets, $4,464,954, including cash, $658,538, and
due from St. L. I. Mt. & So. on current account, $2,333,313. The annual
report for 1893 states that the company holds in its treasury stocks
and bonds available for sale of a par value of $16,487,432, costing
$9,321,549, and whioh paid dividends in 1893 of $529,022.
. The St. Louis I. M. & So. floating debt was $4,459,987, including the
above $2,333,313 due Mo. Pac. and $1,887,787 advanced by directors.
Current assets, $479,192. Total amount of Mo. Pacific and Iron Mount,
securities funded from. 7 and 8 per cent into 5 per cent bonds during
the past three years amounts to $14,516,000, effecting an annual re
duction in interest charges of $298,320.”
E arnings .—Jan. 1 to Nov. 7,1894 (10 months), gross of Mo. Pacific
and St. L. I. M. & So. combined, $18,885,604, against $21,117,926 in
1893.
A nnual R epo rt .—Fiscal year ends Dec. 31. Annual meeting is held
at St. Louis in March. Report for 1893 was in V. 58, p. 472—see also
editorial p. 454. Earnings of Missouri Paciflo system, excluding oper
ations of Cefltral Branch U. P., have been as follows. “ Other income ”
in 1893 includes dividend on Iron Mountain stock, $514,322; do. on
Pacific Express stock, $216,000, etc.
1892.
1893.
Miles operated.............................................
4,984
4,987
Total earnings______ ___________ . ______ $26,344,789
$24,018,339
Operating expenses and taxes................... 20,077,040
19,091,191
Net earnings.......................................... $6,267,749
Ratio oper. expenses and taxes to earns..
(76-209)
Other income, dividends, interest, &e.......
698,704
$4,927,148
(79-486)
1,543,711
Total net in com e............... .............
$6,966,453
Interest paid on bonds................................ $4,993,953
Rentals..................................................... .
532,650
.Sundry accounts........................ .............
636,233
$6,470,859
$5,026,922
529,851
805,282
Surplus................................... ................
$803,617
$108,804
For the Missouri Pacific proper and branches (3,214 miles), not in
cluding Iron Mountain and other auxiliaries, the report was as follows:
Year ending Dec. 31—
1891.
1892.
1893.
Miles operated December 31..........
3,195
3,214
3,214
Passenger earnings.......................$2,663,798 $2,641,684 $2,393,776
Freight........................... ............... 8,865,315 10,301,205
8,190,509
Mail, express and miscellaneous.. 1,691,984 1,712,111
1,720,588
Total earnings........................$13,221,097 $14,655,000 $12,304,873
Total operating expenses............ 9,920,148 10,837,725 10,029,417
Net earnings..................................$3,300,949 $3,817,275 $2,275,456
Dividends, interest, &c., received.
634,054
664,287
1,387,094
Total net in co m e ...... — . . . . $3,935,003 $4,481,562 $3,662,550
Interest on bonds..........................$2,776,580 $2,734,850 $2,780,848
Dividends....................................... 1,422,859
...........
Taxes, rentals, &c......................... 1,824,796 1,028,095
t792,841
Balance for year................ . . . . . . —$2,089,232 +$718,617
+$88,86i
t This item includes: Taxes, $584,054; rentals, $139,682; miscel
laneous, $69,105. (V. 56, p. 463, 484, 4 9 8 , 501, 668; V. 57, p. 469; V.
58, p. 454, 4 7 2 , 474,1109.)
M issou ri Pacific System—St. L o u is Ir o n M o u n ta in Sc
S o u th ern .—Owns St. Louis to Texarkana, Texas Line, 490 miles;
branches to Belmont, Mo., Bird’s Point. Mo. (Cairo), Camden, Ark.,
Selena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark., Mem
phis, Tenn., &c., 747 miles; Houston Central Arkansas & Northern Rail
way, McGehee, Ark., to Alexandria, La., 190 miles; total owned Janu
sary 1,1894,1,427 miles. Leases Little Rock & Fort Smith and Little
Rock Junction railroads, 176 miles; Kansas < Arkansas Valley RR.,
fe
170 miles. Total operated December 31,1893,1,773 miles.
STOCK.—Stock $25,788,925, of which $25,716,105 Jan. 1,1894, was
awned bv Missouri Pacific—mostly acquired in 1881. Little Rock &
Fort Smith was acquired by exchange of stock in 1887. See title of
that company in Supplem ent of May, 1888, and previously.
L ands .—The sales o f land in Arkansas for 1893 were 28,393 acres at
$3*08 per acre, the total sales, including town lots, being $87,517; in
Missouri were 3,003 acres for $4-17 per acre, the total sales including
town lots, being $12,537; from Little Rook & Fort Smith grant 12,404
acres for $2-83per acre. Lands in Arkansas unsold Dec. 31,1893, 659,951 acres; in Missouri, 75,414 acres; of L. R. & F. 8., 537,185 aores.
Jan.
Aug.
July
Mch.
1,
1,
1,
1,
1917
1920
1926
1926
May 1, 1897
May 1, 1897
June 1, 1895
June 1, 1897
Apr. 1, 1931
Apr. 1, 1931
1894-1902
May 1. 1897
Apr. 19,1898
Jan. 1, 1937
Jan. 1, 1905
Apr. 1, 1916
Jan. 1, 1937
Jan. 1, 1937
June 1, 1897
1940
D e e /Ï,’ 1927
July 1, 1927
S ep t.l, 1938
B onds .—The general consolidated mortgage is for $45,000,000, bonds
being reserved to retire all prior issues, these covering only 485 miles.
The mort. is a first lien on the 947 miles in Arkansas and Louisiana and
on all unsold lands, amounting to 735,365 acres on Jan. 1,1894. Trus
tee of mortgage, Mercantile Trust Co. of New York. As indicated in
the table above, part of the general mortgage 5s (Nos. 11,001 to 18,000
inclusive) are endorsed with the Missouri Pacific’s guaranty o f princi
pal and interest ; form of guaranty was in V. 56, p. 650. “ Advances
by directors” Jan. 1, 1894. $1,887,787; due Mo. Pao., current ac
counts, $2,333,313. In 1893 car trusts decreased $287,500. In 1893
general consols for $2,857,000 were issued to purchase the Central
Ark. & Northern, making total issue guaranteed and unguaranteed
$28,898,000; N. Y. Stock Exchange in Nov., 1894, reported $25,338,000
outstanding.
A nnual R eport.—Report for 1893, in V. 58, p. 473, showed :
Tear ending Dec. 31—
1891.
1892.
1893.
Miles operated Deo. 31.............
1,547
1,770
1,773
Gross earnings.............................$11,581,034 $11,689,789 $11,713,465
Net earnings....................
$3,877,034
$3,289,327 $3,485,714
20,413
32,511
156,606
Other receipts...........................
Total net income................ $3,897,447
interest on bonds..................... $2,271,471
Taxes, bridge exp., rent’ls, &c.
1,586,229
Dividends...................................
............
$3,321,838
$2,259,103
977,535
............
$3,642,320
$2,246,074
I860,691
(5) 515,623
Balance for y ea r................ sur. $39,747 sur. $85,200 sur. $19,932
t This item includes: Taxes, $249,969; rentals, $390,169; commis
sion for extending bonds, car trust expenses, etc., $220,553.
—(V .55,p . 100,551; V. 56, p.465, 4 9 9 ; V. 57, p. 1039; V. 58, p. 4 7 3 .
M o b ile Sc B ir m in g h a m .—R o a d .—Owns from Mobile to Marlon
Junction, Ala., 149 miles; trackage to Selma, 14 miles; opened in July,
1888. Line of 3 miles into Mobile completed in September, 1893.
H is t o r y , E tc .—East Tennessee Virginia & Georgia, which guaranteed
first mortgage, in June, 1892, went into receiver’s hands, and T. G.
Bush, was appointed receiver of Mobile & Birm. Coupons due July 1,
1892. were not paid. SeeV. 55, p.21,59. Net current liabilities June 30,
1893, were $215,710. The Richmond & West Point Terminal reorgani
zation plan issued in Feb., 1894, excluded the M. & B. bonds as their
holders had refused terms previously offered. Mortgage abstract V.
57, p. 274.
A nnual R e p o r t .—The receiver’s report for the year ending June
30,1894, was in V. 59, p. 290. Gross, $282,998, against $281,373 in
1892-93; deficit under operating exps. and taxes, $8,154, agst. $54,824.
—(V. 51, p. 612; V. 55, p. 21, 59; V. 56, p. 882; V. 59, p. 2 9 0 .)
M o b ile Sc G ir a r d .—Owns Columbus, Ga., to Searight, Ala., 122 m
R eceiversh ip .—Was leased to Central RR. o f Georgia, but a receiver
was appointed Nov. 11, 1892, and in July, 1893, suit was brought to
foreclose the mortgage of 1877. It is said sale will be in 1894
Receivers are now H. M. Comer and R. Somers Hayes.
Sto c k .—Common stock, $1,251,208; preferred, $11,344, and $2,530
Pike County; par, $100. Cent. RR. of Georgia owns $816,200 stock.
B onds .—The first mortgage bonds, of which $200,000 are 6s and $800.
000 4s, are guaranteed, principal and interest. Consols, at $12,600 per
mile for extensions were authorized, the total issue not to exceed
$4,000,000. The Central of Georgia owns the $590,000 consols issued.
Default on dividends and 1st mortgage interest occurred Deo. 1,1892.
L atest E arnings.—9 mos., 51893-4, gross, $178,846; net, $56,177.
July 1 to Mar. 31.
\ 1892-3, gross, 168,472; net, 19,066.
For year ending June 30, 1893, gross $207,925; net, $11,532. In
1891-92 gross, $182,532; net, $5,130; in 1890-91 gross $205,145; net,
$4,815. In 1889-90 gross, $274,082; net, $68,017.
M o b ile Sc O h io .—f See Map.)—Owns from Mobile, Ala., to Colum
bus, Ky., 472 miles, proprietary line, Kentucky & Tennessee Railroad'
to Cairo, 21 miles; also branches to Starkville, &o., 34 miles; total
owned, 527 miles; leases St. Louis & Cairo (whioh see), Cairo to St. L.,.
152 miles, and track to Millstadt, 9 miles; total operated, 688 miles.
H isto ry , E tc .—Opened in 1861, reorganized in 1879 without fore
closure. As to proposed extension to Montgomery, Ala., see Montgom
ery Tuscaloosa & St. Louis.
L ands .—Lands June 3 0 ,1894,|were 557,965 acres, valued at $273,3 97.
Stock .—Stock authorized, $10,000,000; outstanding, $5,320,600 ;
par, $100. The voting power on $4,942,100 of the stock is exercised by
the general mortgage bondholders by virtue of the deposit in trust
under the general mortgage of the old debentures of 1879, upon which
this voting power was conferred. The Supreme Court of Alabama in
April, 1893, decided that the voting trust is still in force and valid.
B onds .—Under the general mortgage o f 1888 (trustee, Farmers’ Loan
& Trust Co.) there can be no foreclosure till four coupons are in default.
Of the $10,500,000 authorized, the amount canoeled by sinking fundis
$733,500, in reserve in treasury $1,879,970. Mortgage abstract, V. 47,
p. 83. Loans and bills payable June 30,1894, $631,688. E arnings —
From January 1 to August 31, 1894 (8 months), gross, $2,034,462,
against $2,124,814 in 1893.
94
INYESTOKS’ SUPPLEMENT.
fVoL. LIX.
N ovember , 1894.]
flAILKOAJD STOCKS A .h )
tiONDï.
US
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In these T ables.
RAILROADS.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount Rate per When
of
of
Par
Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
Monterey A Hex. Gulf—
1st. M. $25,000 per m., g .c“ 389 1888 $1,000 $9,727,000
5 g. M. & N. Nov.,’91,coup, last paid. Nov. 1, 1938
Montgom AEufaula—1st, s.f., $15,000 not dr’n ..c ’
81 1879
1,000
1,500,000
6
J. & J. Jan.,’93,coup, last paid. July 1, 1909
Mont. Tusc. A St. L.—1st M., g., $3,500,000 gu. p.&i
1893
1,000
5
1943
Morgan'8 La. A Texas—N. O. Opel. & Gt.West. 1st M,
80 1859
678
249,002
5
A. & O. N.Y.,S.Pac.Co.,23Broad Apr. 1, 1899
1st mortgage (New Orleans to Morgan City).. ,e: 102 1878
1,000
5,000,000
A. & O.
7
do
do
Apr. 1, 1918
1st mortgage, Alexandria Extension, gold..........
157 1880
1,000
1,494,000
6 g. J. & J.
do
do
July 1, 1920
Morris A Essex—Stock, 7 p. e. guar. D. L. & W.......,
50 15,000,000 7 per an. J. & J. N. Y., Del. Lack. & West. July 1, 1894
1st mortgage, sinking fund........................... ........
84 1864 500 &c.
5,000,000
M. & N.
7
do
do
May 1, 1914
Convertible bonds...................................... .............
. . . . Var’us
1,000
281,000
7
J. & J.
do
do
Jan. 1, 1900
....
1871
1,000
4,991,000
A. & O.
7
do
do
Oct. 1, 1901
137 1875
1.000 12,151,000
7
J. & D.
do
do
June 1, 1915
Special real estate bonds.
____ Var’us
2,795,000 4*2 & 5
do
do
Various.
2
100
221,000 4 per an. M. & N.
do
do
Nov., 1894
MorristownA Cum. Gap—lstM.,$25,000p.m.,gld.ci
40 1891
1,000
1,000,000
None paid.
6 g. J. & J.
Jan. 1, 1921
M l. H olly Lumb. A M eaf’d—1st M. gu. p.& i. Pa. RR, . . . .
....
75,000
7
A. & O.
Phila., Pa. RR. Co.
Apr. 1, 1899
Nashua A Lowell—Stock,9 p.o. rental,92 yrs. B.&M,
15
—
Ï00
800,000 9 per an. M. & N. Nashua, Indian Hd. Bk. Nov. 1, 1894
Bonds not mortgage........ |............... ..................... . . . . 1880
100,000
5
J. & J.
do
do
July 1, 1900
Nashville Chattanooga A St. Louis—Stock................
....
100 10,000,000 Text.
Q.—F.
N. Y. and Nashville.
Nov. 1, 1894
340 1873
1,000
6,300,000
7
J. & J. N.Y.. Continental N. Bk. July 1, 1913
321 1881
1,000
1,000,000
6
J. & J.
do
do
Jan. 1, 1901
125 1877
1,000
750,000
6
J. & J.
do
do
Jan. 1, 1917
1st mortgage on Lebanon Branch.......................cJ
29 1877
1,000
300,000
6
J. & J.
do
do
Oct. 1, 1917
1st M. on Jasper Br. ($90,000 are 8s, due 1906)c*
43 ’77-’83 1,000
461,000 6 g. & 8 J. & J.
Ian.,1906&’ 23
46 1883
1,000
376,000
6 g. J. & J.
do
do
Jan. 1, 1923
20 1887
1,000
540,000
6
J. & J.
Ian.1895 to’ 17
IstM. on Bon Air Br., red. at par aft. July’97,.. .c
7 1887
1,000
130,000
6
J. & J.
July 1, 1917
Consol. M. ($20,000,000), $20,000 p. m., gold.. .c
740 1888
1,000
4,958,000
5 g. A. & O.
Apr. 1, 1928
Duck River RR. 1st mortgage, 1st, 6 & 8 per cent
48 1876
86,000
6 & § J. & J.
do
do
Jan. 1, 1896
2d mortgage.:......................................................
48 1881
22,000
do
do
6 g- M. & N.
Nov. 1, 1909
Nashville A Decatur—Stock, guar. 6 v. c. by L. & N. 119
25
2,303,582 6 per an. J. & D.
Nashville.
Dec. 1, 1894
1st mort., guar., s. f. ($200,000 held in sink. fd.). 119 1870
1,000
2,100,000
7
J. & J. N. Y., 120 Broadwav. July 1, 1900
Nash. Flor. A Shejf.—1st M. ($2,500,000), gold, gu.c
Ô1 1887
1,000
2,096,000
5 g. F. & A. N. Y. and Louisville. Aug. 1, 1937
Nashville A Knoxville—1st mort. for $2,000,000. .c*
73 1 1888
1,000
1,179,000
6
M. & N.
1918
A nnual R eport.—Fiscal year ends June 30. Report for year 1893-94 In 1893 gross earnings of road proper (119 miles) were $5,791.267;
In V. 59, p. 648.
net, $1,164,471. In 1892 gross, $5,772,665; net, $1,149,429.
Year end'g June 30— 1891.
1892.
1893.
1894.
%T a s h u a Sc L o w e l l .—Owns from Lowell, Mass., to Nashua, N. H.
Total gross earnings. $3,559,138 $3,443,760 $3,358,471 $3,253,692 £ * 15 miles. On October 1,1880, a lease for 99 years to the Boston St
Net earnings............. 1,215,713
1,086,293
1,099,281 1,216,972 Lowell was made. In 1887 lease was transferred to Boston & Maine
ÍP. ct. op. ex. to earns.
72-92
69 10
67-27
62-60
Raiiroad Company, which pays a rental of $73,000 (9 percenton stock),
Interest and rentals.
1,070,500 1,044,130
1,044,381 1,037,323 ihe funded debt is assumed by the lessee, and the lessor holds the
lessee’s notes for same amount. Bonds due Aug. 1,1893, were paid.
Balance, surplus...
*$145,213 *$42,163
*$54,900 *$179,649
N a s h v ille C h a t ta n o o g a Sc St. L o u is .—( See Map.)—Owns from
* There was also expended for equipment and new construction Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to Lebanon,
(additional to operating expenses), $451,980 in 1890-91, $218,070 in &c., 427 miles; leases Western & Atlantic, Chattanooga, T u b ., to
1891-92, $210.902 in 1892-93; $172,331 in 1893-94. (V. 57, p. 60. Atlanta, Ga., 137 miles; owns all capital stock of Rome Railroad of
6 3 6 , 722; V. 58, p. 223, 866, 987; V. 59, p. 191, 6 48.)
Georgia, Rome, G a„ to Kingston, Ga., 20 miles, and began operating
M o h a w k Sc M alon e.—(See Map N. Y. Central.)—Owns from Her the road Nov. 1,1894; total operated, 904 miles, of which 74 miles
kimer, N. Y., on the N. Y. Central’s main line northerly to Malone, on completed in 1893-94.
the Central Vermont, with branches, 181 miles in all.
Organization .—A majority of the stock ($5,500,500) is owned by the
t
H istory , L ease , E tc.—Completed in November, 1892. Furnishes Louisville S Nashville, and pledged under its unified mortgage, etc so
&
access to heart of Adirondacks and forms link in a new through that the two systems are operated in close harmony. The Western <
Atlantic is leased from the State of Georgia for 29 years from Deo. 27.
line from New York City to Montreal. In 1893, N. Y. Central leased
the load and guaranteed its first mortgage bonds. The surplus in any 1890, at $420,012 per annum.
year after payment of the first mortgage interest for that year to pay
D ividends since 1886—In 1887, 4; in 1888,44t; from 1889 to August ,
not exceeding 5 per cent interest on the incomes. N. Y. Central owus 1893, both inclusive, at rate of 5 p. c. yearly; in Nov., 1893, none? In
the $4,500,000 stock, and has the option of retiring the incomes at any 1894, Feb., l ^ p. c.; May, 1*4 p. c.; Aug., none; Nov., 1 p. c.
time, and issuing in lieu thereof 2d mortgage guaranteed gold 4 per
B onds .—The Tracy City branch 6s fall due $20,000 yearly on Jan. 1.
oents, due Sept. 1, 1991. See official statement V. 56, p. 501. As to 1895, to 1916 inclusive, and $100,000 on Jan. 1,1917.
bonds, see V. 56, p. 782. (V. 57, p. 22.)
The consolidated mortgage of 1888 (United States Trust Co., trustee),
M onterey Sc M exican G u lf.—Owns road completed in August, provides that all prior bonds shall be paid olf at maturity: sufficient of
1891, from Venadito (on the Mexican International Railroad) via the $20,000 per mile are reserved for them. The Rome Railroad mort
Monterey to Tampico, on the Gulf, about 390 miles. See V. 54, p. 964. gage has been discharged of record. (V. 59, p. 835.)
H isto r y .—April 23,1892, J. Robertson was appointed receiver. In
G eneral F inances .—In 1893-94 $162,000 1st consols were issued
•Goto her, 1893, a bondholders’ committee organized a corporation in for construction, etc., but these were held in treasury June 30, 1894.
Belgium—The Société Anonyme Belge de Chèmin de fer au Mexique— $100,000 so held June 30,1893, having been sold during the vear.
which holds 5 1 per cent of the M. & M. G. stock. Nearly all the M. &
Bills payable were $768,718 on July 1,1894.
M G. bonds and past due coupons have been exchanged at par for the
>1894............gross,
$1,000 shares of this co. CoudertBros.,68 William St., N. Y., attorneys. E arnings.—4 months, 51893............ gross, $1,547,136; net, $661,306
July Lto Oct. 31.
1,510,851; net, 656,033
Augustus Frasez, President, Brussells, Belg. Mexico gave this road a
A nnual R eport.—Fiscal year ends June 30. The report for 1893-94
subsidy of $14,222 per mile in 6 p. c. silver bonds. Stock $100,000.
was given at length in V. 59, p. 539, 551, 662. The Western & Atlantic
E arnings.—January 1 to Aug. 31, 1894 (8 months), gross, $748.471, was included for the first tim - in 1891-92.
against $673,758 in 1893. In year 1893 gross, $997,810, Againsr, $774,Year ends June 30.
1891.
1892
1893.
1894.
580 in 1892 and $883,462 in 1891. (V. 56, p. 463, 835; V. 57, p. 638.) Mileage end of year........
652
810
810
884
M ontgom ery Sc E u fau la .—Owns Montgomery to Eufaula, Ala., Gross earuings...................$3,943,304 $5,353,288 $5,131,779 $4,521,662
80 miles. Foreclosed May 1,1879, and re-organized. Operated under Net earnings...................... 1,619,581 2,029,007 1,992,374 1,850,482
contract by Central of Georgia, which guaranteed the principal and Investments, etc...............
37,482
31,886
170,061
33,443
interest of bonds. Stock is $620,000, all owned by Cent, of Ga. Judg
ment under mortgage obtained by F. L. & T. Co. in July, 1894. for Net income........................$1,657,063 $2,060,893 $2,162,435 $1,883,925
$1,640,000. V. 59, p. 152.
Interest on debt and taxes 914,799
950,515 1,012,331 1,022 571
420,012
420,012
420,012
L atest E arnings . - 9 ) 1893-4, gross, $160,832; oper. def., $13,923 Rental W. & A. R R .......................
142,617
118.111
51,355
25,537
mos., July 1 to Mar. 31. j 1892-3, gross, $212,06 L; oper. def., $6,759 Improvements..................
Dividends.......................... (5)333,427 (5)500,000(5)500,000(2ia)250,000
In year ending June 30,1893, gross, $255,131 ; deficit under operat
ing expenses, $28,020; in 1892, gross, $289,845; aot, $42,669. in Balance, surplus................ $266.220
$72,253 $178,738 $165,805
1890-91 gross, $307,613; net, $58,553. See Central of Ga. July, ’93, —(V. 57, p. 4 9 4, 5 09, 5 1 4, 684, 1039; Y. 58, p. 344; Y. 59, p. 234,
interest was not paid. (V. 59, p. 152.)
5 3 » , 6 51, 5 8 2 , 836.)
M ontgom ery Tuscaloosa & St. L o u is.—Projected Montgomery,
N a s h v ille Sc D e ca tu r.—(Nee Map Louisville A Nashville.)—Owns
Ala., to Columbds, Miss., with branches, 198 miles. In 1893 contract from Nashville, Tenn., to Decatur, Ala., 119 miles. Leasee to Louisville
was made with Mobile & Ohio to guarantee the bonds. Road to be & Nashville for 30 years from July 1,1872, at a rental of 6 p. c. per aun.
•built when times improve. (See V. 57, p. 722.)
onstook. Thelesset assumed all the debt and owns $915.800 of its «took.
M organ’ s Louisiana Sc Texas « R . Sc Steam ship C om pany. On June 30,1894, sinking fund held bonds of faoe value, $381,500 of
—( See Map o f Southern Pacific.)—R oad—Owns New Orleans to Cheney- which $200,000 were N. & D. firsts. See V. 59, p. 604.
ville, 204 miles; branches, 55 miles ; trackage to Alexandria, 24 miles.
E arnings .— In 1892-93. gross $1,468,199; net. $$450,66 4; interest,
Organization .—The Southern Pacific Company, on Jan. 1,1894, held $147,000; balance for dividends, etc., $303,664. In 1891-92 gross.
$1,443,431; net, $484,318.
$14,995,000 of the $15,000,000 stock and operated road under lease.
The lessee pays all charges and also 23 per cent of the net profits under
N a s h v ille F lo r e n c e Sc S h effield .—(Nee Map Louisville A Nash
the “ omnibus lease.” Company has 12 iron steamships and 9 ferry ville.)—Owns from Columbia, Tenn., to Florence, Ala., 79 miles, with
¡and river steamers and tugs plying between New York and New Or branch Iron City, Tenn., to Pinokney, Tenn., 12 miles, and has trackage.
leans and between Gulf ports ; also wharves, warehouses, ana on Jan. Florence to Sheffield (Memphis & Charleston Railroad), 3 miles; oper
1 ,18 9 4, owned $740,500 bonds and $781,248 stock of other companies. ates Napier branch, 11 miles; total, 105 miles. Operated by Louisville
E arnings .—9 months, ) 1894....... gross, $3,953,970; net, $692 979 & Nashville, which company guarantees the principal and interest of
Jan. 1 to Sept. 30.
51893...... gross, 3,701,964; net, 535,164 the bonds by endorsement, and owns $729,400 of the $862,050 stock,
par $100. Stock authorized, $2,000,000. Due L. & N. on open account
For year 1893 gross, $5,687,297; net, $1,379,183, against $1,454,- Jane 30, 1894, $513,818. In 1892-93 gross earnings were $199,922;
633 in 1892; surplus over charges, $251,962; net profits due com net, $28,447; taxes, $6,292; interest, etc., $125,374; deficit, $103,219.
pany under lease to Southern Pacific, $608,842.
In 1891-92 net, $18,008. (Y. 53, p. 793.)
M orris Sc E ssex.—(Nee Map o f Delaware Lackawana A Western.)—
N a h v ille Sc K n x v
Mon
Owns from Hoboken, N. J., to Phillipsburg, N. J., 85 miles; branch, terey,sTenn., 79 miles,oandi l l e . —Owns from Lebanon, 8Tenn., toExten
branch to Carthage, Tenn., miles.
Denville, N. J., via Morris & Essex Tunnel, to Hoboken, N. J., 35 miles; sion, Cookville to Mouterey, completed in 1894. Stock, authorized,
eases 16 miles; total operated, 136 miles.
$500,000; outstanding, $372,700; par, $100. Trustee of mortgage,
L ease .—Leased in perpetuity to Delaware Lackawana & West., which Mercantile Trust Co. of New York. In year ending June 30, 1393, gross
assumed all liabilities and pays 7 p. c. per annum on the capital stock earnings were $79,982; net, $29,916; interest on bonds, $70,200.
They also agree to pay 8 per cent in case 30 per cent of the gross earn
V
ings in any one year shall be sufficient to pay all charges and 10 per toN e s q u e h o n ln g 17 a lle y .—Owns from Nesquehonlng Junction, Pa.,
Tamenend, Pa.,
miles; Tunnel Branch, to Lansford, Pa., I mile.
cent on the stock. See form of guaranty, V. 56, p. 812.
Leased for 999 years to the Lehigh Coal & Navigation Company. In
E arnings .—The road is important to the Delaware Lackawanna & 1884 the option to purchase the stock at par and interest was suspended
Western as a route with terminal facilities on New York Harbor but for 20 years, with a guarantee of 5 percent per annum on stock.
the actual earnings on the road show a large annual deficit for’ the
N eva d a C e n tr a l.—Battle Mountain to Anstin, 94 miles (3 ft. guage.)
leasee company after the payment of rental. The loss to lessee was 8tock, $750,000; par, $100. In year ending June 30, 1994, gross
in 1891 over $900,090; in 1892 about $1,500,000; in 1893, $1,525,959 $28,663, against $48,325 in 1893; net, $2,842, against $10,899.
9
INYESTOKS’
SUPPLEMENT.
[V ol . Lix.
«c
N ovem ber
1894.]
RAILROAD
STOCKS
AND
BONDS,
9 7
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered In tbese Tables.
RAILROADS.
Miles Date Size, or
For explanation of column headings, &c., see notes of
of
Par
on first page of tables.
Road. Bonds Value.
Bonds—Princi*
INTEREST OR DIVIDENDS.
pal, When Dne.
Amount .R ate per When
Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
N a ugatu ck—S ee N e w Y ork Ne w H aven d H a RTFOR D.
e
Nesquehoning Val.—Stock, 5 p.c. gu. till 1904........
Nevada Central—1st M. g., income (sinking fund)..
Nevada Southern—1st M., $1,500,000, gold.. Ac*AT
Newark & Hudson—1st mortgage...........................o
Newark Somerset A Straitsv.—1st M.,ext.in ’89, g .c
Newburg Dutchess & Connecticut—Col. trust bonds.
lnoome mortgage for $1,625,000....................... r
New Castle A Beaver Valley—Stock...........................
New Castle A Shenango Valley—1st M., int. guar...
New Haven & Derby—See N e w Y ork n e w H aven
New Haven A Northampton—See N e w Y o rk N e w
New Jersey Junction—1st. M., guar, by N.Y.Cent.c*r
New Jersey A New York—1st M. (reorganization), o*
2d mortgage................................
«
i
General M $1,200,000 (red. 105 after 5"years)."*
T,
N. J. & N.Y. Extension 1st M., int. guar..............
New London Northern—Stock................
Consolidated M., now 1st M. ($688,000 are 4s) .c
New Orleans A North Eastern—Prior lien m., gold.o*
1st mortgage, gold...................................................
N. OrVns A Northwest’^ - IstM.,$20,000p.m., g.,o*<fcr
NewOrt. A So.—Prior lien M.scrip,gold,red. at 105 c*
1st mort, for $1,000,000, income for five years...
Newport News A Mississippi Valley—Stock.............
N,_Y. Brooklyn A Manhat Beach-—
Common stock...
Preferred stock, non-cumulative..........................
N.
^ Manhattan Beach 1st mortgage. ...'...o*
N. Y. B. & M. B. 1st con. M., gold, guar, by L, Lc*
New York A Canada—1st M.ster.,guar.D.&H.,Can.o’
New York Central A Hudson River—Stock...............
N .Y . C. deH .,j $30,000,000 )
c
1st mort_ j £2,000,000 ç coupon or reg. £
_
18
94
30
6
44
___
15
17
de H a
H ave
5
34
34
....
Ï 21
121
196
196
77
66
66
___
20
14
20
150
83 9
819
$50 $1,418,600 5 per an. M. de S. Phila., 226 So. Third St.
1888
1,000
750.000
No coupons paid.
5 g. J. de J.
1893
1,000 ran.’94,non(
5 g. J. de J.
1871
1,000
250.000
7
M. & S. N.Y., L. E. de West. RR.
1869 500 &o.
800.000
5 g- M. & N. N. Y., Union Trust Co.
1891
59
226,000
5
M. & N. N. Y., Central Trust Co.
1877
1,164,500
6
When earned.
50
700.000 See text. Q.—J.
Newcastle. Pa.
1887
1,000
250.000
6 g. J. de J. N. Y., Farm. L. & Tr. Co.
RTFOR D.
N & H ARTFOR D.
1886
1,000
1.700.000
4
F. & A. N. Y. Cent, de Hud. Riv.
1880 500 &c.
400.000
6
M. de N. N. Y., Mercantile Tr. Co.
1885 500 dee.
100.000
5
J. & J.
do
do
1892
5
369.000
J. de J.
do
do
120.000
100
1.500.000 8 per an. Q .-J .
New London, Offioe.
1880
1,000
1.500.000
4 de 5 J. de J. N. Y., Bk. of No. Amer.
1885
1,000
1.320.000
6 g. A. de O. N. Y., Central Trust Co.
1881
1,000
5.000. 000
6
J. de J. N.Y., Müller, SchalldeCo.
1890
1,000
See text.
In default.
5 g. J. & J.
1891
100
250.000
A. de O.
London Agenoy.
5 g1891
924.000
6
100 13,679,000
100
350.000
100
650.000 5 per an. A. de O. N. Y., L. I. RR. Co.
1877 500 &o.
500.000
7
J. de J. N. Y., Corbin Bank’g Co.
1885
1,000
1.178.000
do
do
5 g. A. de O.
1874 AlOO&o 4.000. 000
6 g. M. de N. London, Baring Bros.
100
See text. See text. Q.—J. N. Y., Gr. CentTDepot.
1873
1,000 30,000,000
7
J. de J. N. Y., Gr. Cent. Station.
1873
1,000
9,733,333
do
do
6 g. J. de J.
OoffeTb?
?F
(formerly
wons) in California on Atlantic & Pacific to Good Springs, Nev., 100
miles, o f which 35 m. from Blake northerly was completed to Dec., 1893;
also projected to Cedar City, Utah. Contract for 25 miles more said
Si
si&
ned to Dec., 1893. Stock authorized, $2,000,000; par,
Mortgage trustee Metropolitan Trust Co. of N. Y. Bonds are is
sued at $15,000 per mile for road in actual operation and $5,000 per
mile additional for equipment. In January, 1894, no bonds had been
sold. Isaac E. Blake, President, Denver, Col.—(V. 56, p. 464.)
Sept. 1, 1894
July 2, 1938
Jan. 1, 1923
Sept. 1, 1901
Nov. 1, 1929
1921
June 1, 1977
Oct. 1, 1894
July 1, 1917
Feb. 1, 1986
May 1, 1910
Jan. 1, 1986
1932
Oct., 1894
July 1, 1910
Nov. 1, 1915
Jan., 1911
Jan. 1, 1940
Oot.,1931
1931
Oct., 1893
Jan. 1, 1897
Oct. 1, 1935
May 1, 1904
Oct. id , 1894
Jan. 1, 1903
Jan. 1, 1903
I 000 prior lien bonds were sold for improvements, etc., making tot&l
issued $1,320.000.
8
•
E arnings.—Report for year ending June 30, 1894, was in V. 59,
p. 778, showing gross, $1,293,070, against $1,419,962 in 1893}
net, $228,982, against $229,003; other income, $362; interest, $373,941; balance, deficit $144,597, against $137,868 in 1893. (V. 56. p . ,
332; V, 57, p. 7 6 1 ; V. 58, p. 904, 1035; V. 59, p. 778.)
N ew Orleans Sc N orth w estern .—Owns from Natchez, Miss.,
to Bastrop, La., 77 miles; extension to Collins La., 7 miles; total,
84 miles. Projected to Little Rock, Ark. Stock, paid in, $4,500.000, par $100. Bonds for $1,500,000 are hypothecated for
loans. In August, 1891, receivers were appointed and $500,000
receivers’ certificates were authorized for repairs, etc. Louis K. Hyde
is now receiver. It is said the company will complete the road from
Rayville to Collins on the Mo. Pac. In year 1892-93 gross earnings.
$11044 ’
^17,269‘ In 4891-92 gross, $47,538; net,
t
* H u d s o n ,—Owns from Bergen Junction to Newark, N.
¿;>kmiles. Leased to New York Lake Erie & Western at a rental of
$17,500 per annum. Stock, $250,000; par, $100.
_ N e w a r k S o m e rs e t Ac S tra its v ille —Owns from Newark, O., to
Bhawnee, 0 .,4 4 miles; branch 3 miles. Leased to B. & O. till Nov. 1.1929
(with right to perpetual renewal at B. & O’s option) at 30 per cent of
gross earnings and a minimum rental of $40,000 (interest on debt),
$795,600, and preferred, $230,900 (par both, $50).
$705,550 of the first and $191,850 of the latter owned by Baltimore &
N ew Orleans Sc Southern.—New Orleans south along the Missis,
Ohio. In 1892-93 gross earns., $148,544; deficit from oper., $8,830, sippi River to Bohemia, with a branch, 66 miles in all. Successor to the
against def. in 1891-92, $10,627.
New Orleans de Gulf, sold in foreclosure March 5,1891. See V. 52 p.
391; V. 53, p. 156. Stock authorized, $200,000; outstanding in June,
r N e w b u r g D u t c h e s s Sc C o n n e c t ic u t .—Owns from Dutchess 1894, $128,200; par $100.
/T
’
8
'
Junction, N. Y., to Millerton, N. Y., 59 miles. Foreclosed Jan., 1887.
' E arnings.—9 months,) 1894, gross $67,898; def. $4,391.
Stock.—Common $500,000 and preferred stock $600,000; par $50.
Jan. 1 to Sept. 30.
> 1893, gross 86,637; def. 6,202.
Bonds, Etc.—There were June 30,1894, $50,000 of 5 per cent mort
For year 1893 gross, $136,169, against $151,104 in 1892; net, $10,gage notes and $13,495 bills payable.
176, against $8,629.
’
i n year ending June 30, 1894, gross, $157,952; net,
N e w p o r t N e w s Sc M is s is s ip p i V a lle y .—A Huntington corpora
^
,?.,? pil1E er charges, $2,587. In 1892-93, gross, $167,587; tion organized to control a system of railroads, but its interest in these
L0y
net, $32,408. Total surplus June 30,1894, $101,561. John S. Schultze, was disposed of in 1893 and on Mar. 20, 1894, Edmund Zacher was
President, Matteawan, N. Y. (V. 57, p. 5 1 5 ; V. 59, p. 376.)
made receiver pending liquidation. (See V. 57, p. 218.) Loans and
N e w C a stle Sc B e a v e r V a lle y .—Owns from Homewood, Pa., to biUs payable were $818,435 July 1,1892. Offices, No. 23 Broad St. and
New Haven, Conn.—(V. 57, p. 218; V. 58, p. 513.)
New Castle, Pa., 15 miles. Leased to Pitttsburg Fort Wayne & Chicago
Railroad for 99 years at a rental of 40 per cent of gross earnings, and
New Y o r k B ro o k ly n & M an h attan B ea ch .—(See Map Long
lease assumed by Pennsylvania Company.
Island RR.)—Owns from Fresh Pond Junction to Manhattan Beach
(Coney Island), and branches
Bay Ridge
■c
*&i7]5>BND8,'~?n 1884>19 Per cent; in 1885,10 per cent; in 1886 and of which 16 miles double track.to Greenpoint and Greenpoint, 20 miles,
branch is not operated.
a
18?IkV
oent each; in 1888 and 1889,10 per cent each; in 1890,11;
In 1891,30*2; in 1892, 6; in 1893, 6 ; in 1894, Jan., 1*2 p. c.; Apr., l 4
Lease, Etc.—A consolidation August 27,1885. Leased for 99 years
p. c.; July, lia p. e.; October, 1% p. o.
from May 1,1882, to the Long Island RR. Co. at 35 per oent of gross
Earnings.—Gross earnings in 1893, $163,705; net, $61,364; rental earnings, rental guaranteed to be at least 5 per cent on pref. stock.
Received, $65,482; loss to lessee, $4,118. In 1892 gross, $158,534; net
Dividends.—On preferred from 1883 to 1893, inclusive, 5 p.c. per an.
$53,804; loss to lessee, $9,609. (V. 58, 716.)
Bonds.—Consolidated mortgage of 1885 is for $2,000,000, of whioh
.
C a s t k Sc S h e n a n g o V a lle y .—Owns from Newcastle, Pa, $500,000 reserved to retire first mortgage at maturity; trustee is Cen
to West Middlesex, Pa., 17 m les. Leased to N. Y. Pa. & Ohio till 198^ tral Trust Company. The L. I. RR. has attached to the bonds its un
for rental of 32 p. c. of gross earns., but interest on bonds guaranteed! conditional guaranty of principal and interest in addition to the mem
orandum as to the lease previously printed upon them. V. 56, p. 812.
J e r ? ? J J u n c t i o n . —Terminal road through Jersey City, In June, 1894, $245,000 consols were sold for improvements.
RLoboxen and Weehawken, connecting the trunk lines terminating at
Income.—In year ending June 30,1893, rental was $111,650, against
those points; length about 5 miles. Leased for 100 years from June $110,850 in 1891-92. (V. 54, p. 1048; V. 57, p. 723; V. 58, p. l635.)
30,1886, to the New York Central which guarantees the bonds abso
iutely and owns $100,000 stock. The mortgage is for $4,000,000.
New Y o r k Sc Canada.—Owns from Whitehall, N. Y., to Rouse’s
Point, N. Y., 113 miles; branches to Baldwin, Ausable and Province
N e w J e r s e y & N e w Y o r k . —Owns from Erie Junction, N. J., to Line, 38 miles; total operated, 151 miles.
Garnerville, N. Y., 29 miles; branches to New City, etc., 5 miles; oper
L ease , Etc.—Leased in perpetuity and virtually owned by the Dela
ates to Haverstraw, etc., 14 miles; total operated, 48 miles. Reorgan
ized after foreclosure in April, 1880. Stock outstanding, $1,440,800 ware & H. Canal Co., whioh guarantees the bonds, and has $4,520,977
$788,000 preferred; par, $100. Balance sheet of June 30, invested in it. The stock is $4,000,000; par, $100.
1894, in V. 59, p. 650. Control is with preferred stock and first mort
E arnings—
Cross.
Net. Charges. Bal.,def.
gage till 6 per cent has been paid on preferred for three years.
3 months to ) 1894........................$235,963 $68,918 $77,470 $8,552
The general mortgage bonds can be issued to redeem firsts, seconds
Sept. 30. 51893........................ 246,852 56,446 77,029 20,583
and extension bonds and for rolling stock and double-track.
For year ending June 30, 1894, gross earnings were $805,327.
Latest Earnings.— Cross
Net
Fixed
Balance, against $938,934 in 1892-93; net, $154,604, against $188,270; defloit
3 mo8. end. Sept. 30.
earnings,
earnings.
charges.
surplus. under charges $155,263, against $124,458. (V. 56, p. 290; V. 57. p.
18 9 4 .............................. $94,953
$15,074
$12,558
$2,516 300, 809; V. 58, p. 307, 817; V. 59, p. 291, 4 2 1 , 879.)
1 8 9 3 .............................. 98,308
29,420
12,413
17,007
New Y o r k Central Sc H u d so n R iv e r.—(See Map.j-The system,
clearly shown on the accompanying map, is made up as follow s:
Lines owned.
Miles. Mohawk & Malone...............if 173
«ver charges, $12,281, against $13,750 in 1892-93. (V. 55, p. 8 5 5 ; V.
New York to Buffalo............. 442 Carthage & Adirondack....# 43
58, p. 8 0 ; V. 59, p. 650T'781.)
Branches N. Y. Central Div.. 377 Gouvemeur & Oswegatchielf 13
Lines leased. If See this co.
_Nevv L o n d on N orthern.—Owns from New London, Conn., to
New York & Putnam.......... if 54
Brattleboro,Vt., 121 miles, and leases Brattleboro & Whitehall R R „ West Shore............................ If 425 Branches leased..................... 206
Troy & Greenbush.............. If
6
Brattleboro to South Londonderry, Vt., 37 miles.
6
Total in earns. June, ’94. ..2,396
L eased for 99 years from Dec. 1 ,1891, to Central Vermont. The Spuyten Duyvil & Pt. M ... If
Oper’d, earns, kept separate.
rental is $211,000 per annum, which leaves a small surplus after pro New York & Harlem.............if 127
New Jersey Junction........... if
5 Dunkirk A. V. & P............... If 91
viding for inter., etc., and 8 percent dividends. Taxes and improveRome Watertown & Og...... if 519 Beech Creek........................ if 149
mentis met by lessee, without claim on New London Northern,
The N. Y. Central Division has 287 miles laid with four tracks.
D ividends . —
From 1888 to Jan., 1892, inclusive, at rate of 7 per cent
per annum; thereafter 2 per cent quarterly under lease.
H istory, &c.—This company was formed by a consolidation of the
New York Central and the Hudson River railroads November 1,1869.
i
1893-94 gross, $647,531, against $760,715 in The leased lines have been acquired at various dates since. The Mo
1892-93; net, $283,628, against $329,287. (V. 53, p. 256, 881.)
hawk & Malone, Carthage & Adirondack and Gouverneur de OsweNew Orleans Sc North Eastern.—New Orleans, La., to Meridian, gatchie, a total of 235 miles, were leased in April, 1893 (V. 56, p. 501),
nuss., 196 miles, all 60 lb. steel rails. Stock is $5,000,000 (par, $100), and N. Y. & Putnam in 1894—see each company.
wH ci1 ^ > 320,°00 and $4,900,000 1st mortgage bonds are held by
Capitad Stock.—Stockholders voted April 19, 1893, to increase the
the Alabama New Orleans & Texas Paciflo Junction Railway Company capital stock from $89,428,300 to $100,000,000 for improvements,
—which see—to which was due July 1,1894, $1,179,658 on coupon $8,942,800 of the new stock was offered to stockholders of June 15 at
aooount and $740,768 on other accounts. In February, 1893, $100,- par, payment to be made 50 p. c. July 1,1893, 25 p. 0. Jan. 2,1894,
INVESTORS’
SUPPLEMENT.
[Vol.
N ovember
1894. j
RAILROAD
STOCKS AND
BONDS
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered In these Tables.
RAILROADS.
Bonds—PrinoINTEREST OR DIVIDENDS.
pal,When Due.
Amount Rate per When
Por explanation of column headings, &c., see notes of
of
Par
Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
■whom.
Dividend.
New York Central < Hudson Hirer—Continued£
D ebt oertif’s (N. Y. Central), gold, ext.in ’93..c&r
Debentures, 1884, mort. priv., non-convert. ..c&r
Debentures, 1889, conv., no mort. privilege...... r
Debentures, $15,000,000, gold, s. f. not dr’n.c&r
N. Y. Chicago < St. Louis—Common stock................
6
2d Breferred (5 per cent, non-cumulative)..........
1st preferred (5 per cent non-cumulative)..........
1st mortgage gold, sinking fund not drawn...... e
if. r. Elevated—See Manhattan Elevated.
N. Y. < Greenwood Lake—Prior lien M.,$500,000.
6
Inc. 1st &2dM.; lstM .red.atl05; 2dM.$l,800,000
N. r. dt Harlem—Common, 8 p. c., guar, by N. Y. C.
Pref. stock, 8 per cent, guar, by N. Y. Central...
Consolidated mortgage, coupon or registered., o*
N. r . Lackawanna < Western—Stock, guar. 5 p. ct.
6
1st mortgage, guar, by Delaware Lack. & West.c*
2d mortgage, guar, by Delaware Lack. & West.c*
3d M. Terminal Imp. (for $5,000,000), gu. p. & i..
hew York Lake Erie < Western—Stock,com m on....
6
Preferred stock, not cumulative............................
ST.Y. & E. 1st M.,Piermont to Dunkirk,N.Y.,ext.c*
2d mortgage, (extended in 1879) gold.............c*
3d mortgage, (extended in 1883) gold.. . . . . . .c*
4th mortgage, (extended in 1880) g o ld ._____c*
5th mortgage (extended in 1888), gold..........c*
Erie R’y,1st M.,Buff. Br. Hornellsv. to Attica, g.c*
1st consol, mort., $30,000,000, gold, $ & &. ..e*
....
523
523
523
505
40
40
145
145
136
214
200
200
200
446
446
446
465
465
60
526
1853
1884
1889
1890
$500&c.
l,000&c
l.OOO&c
l,000&e
100
100
100
1887
1,000
$6,450,000
10,000,000
1,000,000
See text.
14.000.
000
11.000.
000
5.000,000 See
19,425,000
1892
1,000
1878 100 &e.
....
50
___
50
1872 l,000&c
100
1880
1,000
1883
1,000
1890
1,000
100
100
1847
1,000
1,000
1879
1853
1,000
1857
1,000
1858 500 &o.
1861 100 &o.
1870
1,000
328,000
5
New York.
2,700,000
M. & N.
6
None paid.
8,646,050 See text. See text N. Y., Gr. Cent. Station.
1,353,950 See text. See text
do
co
12,000,000
7
M. & N.
do
do
10,000,000 5 per an. Q .-J . N. Y., by Del. Lack.& W.
12,000,000
6
J. & J.
do
do
5,000,000
F. & A.
5
do
do
4,350,000
4
M. & N.
do
do
77,837,000
8,536,600
3
N. Y., 21 Cortlandt St.
2,482,000
M. & N.
7
do
do
2.149.000
do
do
5 g. M. & S.
4.617.000
4 1 M. & S.
2g.
do
do
2,926,000
do
do
5 g- A. & O.
709,500
&
do
do
4 g. J. < D.
182,600
do
do
4 g. J. & J.
16.891,000
7 g. M. & S.
do
do
4 g. M. & N. London, Union Bank.
5
M. & S. N. Y., Gr. Cent. Station.
5
M. & 8.
do
do
do
do
4 g. J. & D.
May
Sept.
Sept.
June
1,
1,
1,
1,
1905
1904
1904
1905
text.
N. Y., Gr. Cent. Station. Mch. 1, 1894
4 g. A. & O. N. Y., Union Trust Co. Oct. 1, 1937
1942
Nov. 30,1908
July 2, 1894
July 2, 1894
May 1, 1900
Oct. 1, 1894
Jan. 1, 1921
Aug. 1, 1923
May 1, 1923
Jan. 15,
May 1,
Sept. 1,
Mch. 1,
Oct. 1,
June 1,
July 1,
Sept. 1,
1892
1897
1919
1923
1920
1928
1921
1920
N ew York; Central & H u d so n R iv e r.—(Concluded.)—
Earnings—
Gross
Net
Other
Fixed
Balance,
surplus.
and 25 p. c. July 2,1894. See V. 56, p. 463, 501. In January, 1894» 9 mos. to Sep. 30. earnings. earnings, income, charges.
$3,968,676$704.424 $5,380 $851,501 df.$141,697
$6,000,000 of this stock was listed on the N. Y. Stock Exchange making 1894..............
847,424 sr. 191,863
total listed $95,428,300. Dividends on stock registered in London are 1893................... 4,962,555 1,033,811 4,972
payable in gold at 49^d. to dollar.
Annual Report.—Report for year 1893 was in Y. 58, p. 772. The
LiviDENDS.T-From 1869 to 1884, inclusive, 8 p. c. per annum; in 1885 road is used principally as a freight line, the earnings from freight 1»
3ia p. c. From 1886 to 1889, inclusive, 4 yearly; in 1890, 4 ^ ; in 1891 1893 amounting to $5,187,335 out of the total $6,787,748.
4»a; in 1892, 5 ^ ; in 1893, 5; in 1894, 5 p. c.
Year end. Dec. 31—
1890.
1891.
1892.
1893.
B onds.—Of the $11,000,000 5 per cent debentures due 1904, $1,000,- Gross earnings..........$5,820,306 $6,171,088 $6,467,165 $6,787,748
5,479,238
000 registered bonds, dated in 1889, have no mortgage privilege, but Oper. expen. & taxes. 4,678,251 5,056,082 5,375,162
have a stock conversion privilege, which debentures o f 1884 have not.
Net earnings........$1,142,054 $1,115,006 $1,092,003 $1,308,510
In June, 1890, $15,000,000 debenture 4 per cents were authorized
for improvements. They are to be included in any new mortgage, and Net ,inc. other income $1,154,828 $1.128.574 $1,102,209 $1,314,829
$780,422
-----------$781,059
h ave a shaking fund of $300,000 yearly—no drawings. The N. Y. Stock Interest on bonds___ $784,570
$780,000
........
30,000
Exchange in Nov., 1894, reported $11,500,000 of these bonds as listed. Equip, trust charges.....................
89,000
87,685
90,551
91,320
The debt certificates due May 1, 1893, were extended for twelve Rentals.......................
92,227
93,748
99,940
48,794
years at 4 per cent, interest and principal payable in gold. Stock Ex Sinking fund..............
99,460
Div. on 1st p r e f.......(312)175,000 (3) 150,000 (3) 150,000 (4) 200,000
change reports only $6,445,000 listed in November, 1894.
Guaranties.—The company guarantees the securities of its leased
Balance, surplus.
$13,826
$7,667
$1,036
$54,142
.lines to a considerable aggregate—see separate statement for each com
pany marked with a ITin the table of mileage preceding. It also guar - ( Y . 57, p. 854; V. 58, p. 382, 7 7 2 , 864; V. 59, p. 291, 651, 835, 836.)
antees Western Transit Co. 4^8 for $1,000,000 due Febrnary, 1903.
• N ew Y o rk Sc G reenw ood L a k e.—Owns from Jersey City, N. J.,
General finances.—A new four-track bridge over the Harlem River to Greenwood Lake, 41 miles, and branches to Ringwood, etc., 8 miles;’
is to be constructed 24 feet higher than the present bridge at an outlay operates Watchung Ry., Woodside to Orange, N. J., 4 miles, and the
o f between $3,000,000 and $4,000,000. See V. 54, p. 560. New stock Arlington Ry., 1 mile; total, 54 miles. The N. Y. Lake Erie & W. and
for $6,000,000, for improvements was sold in 1893-94.
Cooper, Hewitt & Co. control the property. Stock, $100.000; outstand
The last of the $4,837,587 sterling notes issued pending the issue of ing, $75,000; par $100. Floating debt Jan. 1,1894, $68,323.
additional stock were paid off in November, 18b4.
E arnings.—Gross earnings in 1893, $349,015; net, $53,152; interest,
Latest Earnings.—For 3 months ending Sept. 30, on 2,396 miles in etc., $51,819; balance, surplus, for year, $1,333.
1894 against 2,334 in 1893, September, 1894, estimated.
from New
Chatham
3 mos.
Gross.
Net.
Interest, die. Dividends. Balance. N.New Y o r k Sc H a r le m .—Owns Albany, 24York City to Boston &
miles, the
18 9 4..
..$10,840,822 $3,726,063 $2,630,152 $1,192,854 df.$96,943 Y., 127 miles. isFrom Chatham to the Fourth Avenue street railroad.
Albany Railroad used. Also owns
1893..
.. 12,211,843
3,943,758 2,629,848 1,117,854 sr.196,056
Lease.—The property (except the horse railroad) was leased April 1.
A nnual R eport.—Fiscal year ends June 30. Report for 1893-94
was in V. 59, p. 533, 550, 553. The mileage and operations of N. Y. 1873, for 401 years to the N. Y. Cent. & Hudson River RR. at 8 per cent
dividends on the stock and the interest on the bonds.
& Putnam RR. are included from Feb. 1,1894.
D ividends.—The 8 per cent per annum guaranteed is paid semi-an
Tear end. June 30.
1892.
1893.
1894.
nually, Jan. 1 and July 1. In addition both stocks have received divi
Miles operated June 30___
2,096
2,096
2,396
dends out of the earnings of the Fourth Avenue horse railroad, annually
Freight......................
$26,866,944
$27,372,071
$24,104,509
From 1882
Passengers........................... 13,305,683
14,047,572
14,151,280 in April, as follow s: and 1893,23to 1889, inclusive, 2 3per cent yearly;
2 per cent; in 1894, per cent.
Miscellaneous.....................
5,305,998
5,517,050
5,422,412 in 1890,1891.1892
E arnings.—In year 1893-94 horse railroad showed $86,296 surplus
$45,478,625
$46,936,693
$43,678,201 over 3 per cent dividends. Railroad operations included in New
Oper, exp., includ. taxes.. 31,139,113
32,291,877
29,508,406 York Central. (V. 55, p. 37 2 ; V. 57, p. 467; V. 59, p. 371.)
New Y o r k L a ek a w a n n a Sc W e ste rn .—(See Map o f Delaware
$14,339,512
$14,644,816
$14,169,795 Lackawanna < Western.)—From Binghamton to Buffalo and Interna
G
P. c. of oper. exp. to earns.
(68-47)
(68-80)
(67-57) tional Bridge and branches, 214 miles, of which the main line, 213
Reb. State tax prior years..
77,351
6,349
87,727 miles, is double track; Delaware L. &W. has a lease for duration of
charter from October, 1882, giving a guaranty of the bonds and 5 per
Total net income....
$14,416,863 1T$14,651,165
$14,257,522 cent yearly on the stock, the guaranty being endorsed on the bonds and
Rentals paid..................
$5,303,704
$5,391,137
$5,745,936 stock certificates. Due the lessee July 1,1893, $858,026.
The earnings reported for this company have been shown to include
Interest on debt............
3,987,818
4,179,595
4,214,716
Taxes oneam.&cap.st’k
214,359
214,898
194,384 the earnings of other roads of the system, and are therefore misleading*
Reserved for deb’tures.
300,000
300,000
300,000
Dines owned.
Miles.
Lines leased (continued). Miles.
Dividends.....................
(5)4,471,415 (5)4,471,415
(5)4,588,826 Piermont, N. Y., to Dunkirk.. 446 Buffalo Bradford & Pitts.RRIT 26
Miscellaneous...............
6,245
26,319
Branches to Attica, etc.......... 105 Buffalo New York & Erie RR1J 140
Lines leased --'IfSee each co.\
Suspen. Bridge &Erie J.RR1T- 24
Balance................-......... sur. $133,322 Ilsur. $67,801 def. $786,340 Jersey City to Suffems, N. Y.
Rochester & Genesee VaLRRtf 18
Long Dock Co.’s R R ..........1
Buffalo & Southwestern RRfl.. 66
ii Also received in 1892-93 $221,074 profit on sale of Beech Creek
PatersQn & Hudson .......I
ql Northern of New Jersey RRfl. 26
stock, making total surplus $288,875.
Paterson & Ramapo IT
...... f
a1 Sundry short lines.................... 176
—(V. 57, p. 22, 489, 5 09, 532, 548,765,1040, 1065, 1083, 1122; V.
Union R R ...........................J
58, p. 82, 265, 474, 1073,1090; Y. 59, p. 53 3, 5 50, 551, 5 5 3 , 780.)
Jefferson RR1T......................
45
Total N. Y. L. E. & W ........ 1,103
New Y o rk Chicago Sc St, L o u is .—(See Map o f New York Cen
Also leases New York Pa. & Ohio and branches, 598 miles, and owns
tral < Hudson River.)—Owns from Buffalo, N. Y „ to Illinois State Line, entire stock o f Chicago & Erie (which see), owning from Marion, O., to
G
except 8 miles leased between Dunkirk and Silver Creek, leaving 494 Hammond, Ind., 249 miles, and leasing trackage over Chicago & western
m iles; leases the proprietary line, Chicago & State Line RR.. 111., State Ind., 20 miles, to Chicago. Grand total Oct. 1,1893,1,970 miles.
Line to Grand Crossing, 10 ailes; also leas s Dunkirk to Silver Creek,
History, &c.—The New York & Erie Railroad was reorganized
8 m iles; trackage in Buffalo, N. Y., Us miles, and Grand Crossing to
as Erie Railway Company in 1861, and sold under the second consoli
Chicago, 111. (Lake Shore RR.), 9 miles; total, 523 miles.
dated mortgage in 1878; reorganized as at present June 1,1878. Erie
H istory.—Known as the “ Nickel Plate.” Sold in foreclosure May holds $4,500,000 Chicago & E iie incomes and all its $100,000 stock
19,1887, and present company formed in September, 1887.
and guarantees interest on its $12,000,000 first 5s—see that company.
Stock.—Lake Shore & Michigan Southern owns $6,240,000 common
Receivership.—On July 25,1893, John King and J. G. McCullough
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
were appointed receivers.
Dividends.—On first preferrred: In 1891,3*2percent; in 1892,3 per
I nterest Payments.—The only coupons in default in Nov., 1894,
cen t; in 1893, 3 per cen t; in 1894, March, 4 per cent.
were those of the first lien mortgage due November, 1893, and since;
B onds.—A sinking fund of $100,000 per year is provided when net and 2d consol, and funded coupon bonds of 1878 due Dec, 1893, and
earnings are $900,000 or upwards, if bonds can be bought at or below since. (V. 59, p. 781.)
102; if not, the sinking fund lapses for that year, thus leaving $100,000
R eorganization.—On Jan. 2,1894, a reorganization plan was pre
more for dividends. The original issue of bonds was $20,000,000, and sented, secuiities assenting to be deposited with Drexel, Morgan < Co.
fc
it has been reduced to present amount by the sinking fund purchases
The plan (V. 58, p. 43) provides for the issue of a $70,000,000 5 per
Statement of road under mortgage in Supplement of Sept., 1894. See cent 100-year consol, mortgage with adequate foreclosure rights and to
abstract ol mortgage (Central Trust Company of New York, trustee), cover ail the property of the company, including its lease of the N. Y*
V. 45, p. 541. There are 5 per cent gold equipment trusts for $540.000, Penn. & Ohio Railway and the Chicago & Erie Ry. capital stock. The
[issued in 1892, Central Trust Co., trustee,] $60.000 being payable Sept. new bonds to be applied as follow s:
1 yearly till 1902.
s p j
v
(1.) $33,597,400 to acquire second consols at par.
lo o
INVESTORS’
SUPPLEMENT.
[Vol. LIX.
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
Bonds—Prinoi INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
of
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
New York Lake Erie < Western— Continued.)—
£
(
N. Y. L. E. & West, funded coupon bonds, gold.o*
1st lien mort., gold, sink, fund (not drawn).. .o*
2d eonsol. mortgage bonds, g old .....................o*
2d consol, funded coupon bonds, gold............e*
Collat. trust bonds, s. f. drawn at 110, gold..o*
Funded coupon bonds, gold (red. at 105)...... o*
Income bonds (non-cumulative)..........................
100-year consol, mortgage, $70,000,000...........
Old car trusts, ser. B. to G. incl., partpd. an n . o*
New car and engine trusts.....................................
N. Y. Car trust, 1888, ser. A. (guar, by D. & H .)..
Long Dock Co.cons.M.,g.(now istM.1 (seetext).o'"
Newburg & N. Y. 1st mort., extended in 1889..o'
N. Y. L. E. & W. C. &RR. 1st M., gu. p. & i. (end.) o'
N.Y.L.E. & W. D & I. Co. 1st M., see V. 56, p. 82.o’
If. Y. dt Long Branch—See Central of N. J.
N. Y. dtN. England—Stock ($20,000,000authoriz’d)
Pref. stock, 7 p. ct. cumulative, without interest.
Receivers’ certificates...........................................
1st mortgage ($6,000,000 are 7s)....................... c
2d mortgage ($998,000 were 5s till Feb.,’92).c*&r
Consolidated mortgage for $25,000,000, gold—
Boston Terminal 1st mortgage for $1,500,000. e"
Due on purchase Curtis Wharf................ .......... -.
Due on purchase Piper’s Wharf..............................
Mortgage notes on land at Springfield & Hartford
Notes securing equipment lease (see text)..........c
Locomotive notes (bal. due Jan. 1,’94, on 10 eng.)
526
534
M
12
1878
1878
1878
1878
1882
1885
1878
1893
1888
1885
1868
1882
1883
$500&c. $3,705,977
2.500.000
1,000
6 g.
500 &c. 25,000,000
6 g.
8.597.400
500 «fee.
6 g3.344.000
1,000
6 g4.031.400
1,000
i g508,008
300 &o.
5
1,000
3.418.000
1,000
•<>y
5
1,000 l 2,661,661
1,000 * 7,500,000
6 g.
250.000
5
1,000
3.000.
000 6
1,000
4.000.
000 6
1,000
100
100
321
360
1876
1882
1892
1889
1,000
1,000
1,000
1890
1893
1,000
New York and London,
May,’93,coup. last paid.
June, ’93, coup, last pd,
June, ’93, coup, last pd,
N. Y., 21 Cortlandt St.
do
do
Paid 6 p.o. J an. 15,1893
Sept. 1, 1920
Dec. 1, 1908
Deo. 1, 1969
Deo. 1, 1969
Nov. 1, 1922
Deo. 1, 1969
June 1, 1977
Deo. 1, 1993
J. & D.
Various N. Y., 21 Cortlandt St 1900, ’02, ’05
By Aug., 1898
do
do
$63,000 Jan. 1
do
do
J. & "j.
A. & O. N. Y., Drexel, Morgan, Oct. 1, 1935
J. & J, N. Y., 21 Cortlandt St, Jan, 1, 1929
May 1, 1922
do
do
M. & N,
July 1, 1913
do
do
J. & J
M.
M.
J.
J.
M.
J.
&
&
&
&
&
&
S.
N.
D.
D.
N.
D.
20,000,000
3.816.000 See text, M. & N,
J. & J,
See text.
10,000,000
ë'& 7 J. & J.
F. & A.
5.000. 000
6
See text.
5 g. J. & D.
A. & O.
4
1.500.000
52,000
M’thly.
200.000
' é'
5 &6
39,300
F.' A,
360,910
6
112,545
Nov., 1891
Jan.,’94. pd. July 3 ,’94 Jan. 1,
Aug., ’93, coup, last pd Aug. 1,
June 1,
Boston, 180 Sumner St, Apr. 1,
Dec. 23,
Boston.
1905
1902
1942
1939
1896
Boston,ÓidCeionyTr.Co Aug.,’95 to *97
N ew Y o r k & N ew E n g la n d .—Road extends as follows :
(2.) $4,031,400 to acquire funded coupon bonds of 1885 at par.
To make these exchanges bondholders pay a cash assessment equal
Lines Owned.
Miles. Leased. (* See separate statem ent.)
to 22*s per cent of their holdings, receiving therefor new bonds at 90.
Boston to Hopewell June, N.Y.215 *Norwioh & Worcester RR....... 66
(3.) $508,008 to acquire the present income bonds at par.
Wicopee to Fishkill Landing... 2 Rhode Island & Mass. RR........ 14
Bondholders making this exchange must pay a cash assessment equal Providence to Willimancic...... 58 Rockville R R ............................. 5
to 90 p. c. of their holdings, receiving in return new bonds at 90.
Newton to Woonsocket, R. I . .. 29 B. & A. RR., in Springfield....... 1
(4.) $9,915,208 to be taken bv bondholders as above.
East Thompson to Southbridge 17 Milford & Woonsocket, etc....... 20
(5.) $6,512,800 to be reserved to acquire or provide for the present East Hartfort, Ct., to Springrd 27 ‘ Providence & Springfield RR. 28
reorganisation first lien and collateral trust bonds.
Other lines................................. 12 Woonsocket & Pasooag R R ---- 10
*Mer. Waterbury & Conn R .... 30
(6.) $15,435,184 reserved for construction, equipment, betterments,
etc., not exceeding $1,000,000 in any one year, except that $500,000
Total main track owned........ 360
Total leased lines operated.. 174
per y^ar additional may be used to acquire existing car trust liens.
Double tr a c k ..............................114
In May, 1894, more than 80 per cent of all classes of securities called
Trackage, Hopewell Junction to Wicopee Junction, 1 1 miles, and in
for had been deposited thereunder and the new consol, mortgage had Providence to station, 1-10 miles. Total operated Jan. 1,1894, 545 m.
been recorded. See V. 58, p. 941.
Its trains are also hauled over New London Northern RR. from
E. H. Harriman, 43 Wall Street; Henry Budge, 28 Broad Street; John Norwich to New London, 13 miles. Company controls, through lease
J , Emery, and Sidney Webster, constituting a committee of bondholders of N. & W. the Norwich & New York Transportation Co.’s line of
in opposition to the above plan, request bondholders to send names and steamers between Norwich, New London and New York, 125 miles.
amounts of holdings to Central Trust Company, New York, See V. 58,
Organization.—Successor in 1873 to Boston Hartford & Erie RR.
p. 383, 430, 474, 636,1109.
R eceivership.—On Dec. 27,1893, temporary receiver was appointed,
Capital Stock .—Preferred stock has a prior right to 6 per cent
(non-cumulative) from the net profits, “ as declared by the board of and on Jan. 24,1894, Thomas C. Platt and Marsden J..Perry were made
directors,” but the U. S. Supreme Court held in 1886 that this stock has permanent receivers. Y. 58, p. 178. In September, 1894, the receivers
no legal right to claim a dividend, though net earnings are sufficient.
were granted the right to operate the branch lines.
Reorganization Committee.—John I. Waterbury, No. 1 Nassau St.,
• ividends on preferred stock from 1882 to 1884, 6 per cent—none
D
N ew Aork; H. W. Cannon, Chase National Bank, New York, and T.
Afterwards till Jan. 15,1892, when 3 per cent was paid; none since.
Jefferson Coolidge, Jr., Ames Building, Boston, Mass.; depositaries,
B onds.—The first lien bonds o f 1878 have a sinking fund of $100,000 Manhattan Trust Co., New York, and Old Colony Trust Co., Boston.
yearly and might be called for payment, but the company “ has decided
Reorganization.—Plan of April, 1894, has been accepted by holders
«that redemption shall be by purchase only.”
of nearly all the stock and most of the 2d mortgage bo ids ( v. 58, p.
For second consolidated mortgage see Supplement of March, 1891.
The collateral trust bonds of 1882 (the U. S. Trust Co., trustee, see V. 941). Itprovides for a new company with $17,500,000 new mortgage 5s,
38, p. 509), are subject to call at 110. The second consolidated funded $5,000,000 new 5 per cent non-cumulative preferred and $20,000,000
tcoupon bonds of 1885 were issued to fund three past-due coupons and new common stock. Foreclosure decree under 2d mortgage is expected
£he coupon of June, 1886, the coupons being deposited as security.
early in December.
.
(1.) Of new 5s $10,000,000 to be reserved to retire old firsts, but the
See full description of Long Bock 6s in March, 1894, Supplement.
The N. Y. Lake E rie & W. Coal <£BR. bonds are guaranteed, principal committee may extend the old bonds at lower rate of interest or leave
and interest (by endorsement on bonds), the property being leased to them undisturbed. (2.) Old seconds to receive for each bond and in
Erie till July 1,1925, at a rental equal to interest. See V. 51, p. 752 terest to date of settlement, either $424 in cash and $675 in new 5s, or
all cash for par and interest as above. (See Y. 58, p. 815.) (3.) Terminal
and description of property in V. 52, p. 642.
Of the $4,000,000 Bock c§ Improvement Company’s bonds, $604,000 bonds are undisturbed. (4.) Each share of old pref. stock on payment
of $25 to be exchanged for $125 in new pref. (5.) Each share of old
are deposited under Erie’ s collateral trust of 1882. See V. 56, p. 82.
On Oct. 1,1893, the new car trusts amounted to $1,752,156, the new common pays $20 and exchanged for $100 new common.
The last assessment on the stock was paid August 21.
engine trust to $909,505, and old car trusts, $3,418,000.
After completing the above exchanges there will be available for the
Floating D ebt.—On Mar. 31,1894, the floating debt was reported as
floating debt, betterments, etc., $4,135,000 of new 5s and $230,000
about $9,000,000, exclusive of $6,000,000 car trusts. There were loans
and bills payable June 30, $3,403,449; interest on funded debt due, new preferred. If the assessments are paid on the entire outstanding
$2,340,785; due for supplies, $1,176.378; rentals of leased lines due stock the new company will receive $4,954,000 in cash.
. and unpaid, $354,921; due receivers for claims paid, $4,639,018.
Stock.—Common includes $169,000 “ Berdell Bonds” convertible.
E arnings.—For 9 months ending June 30,1894, deficit under inter
Dividends.—On pref. from 1886, when issued, to Nov., 1891, both
est, taxes, rentals, etc., was $968,545, against surplus of $636,980 in incl., 7 p. 0. yearly. Dividend May 2,1892, was enjoined. V. 54, p. 964.
1893. V. 59, p. 291. Frcm Oct. 1 to July 31 (10 months):
Receivers’ Certificates—first mortgage interest. — June,
In
10 months—
Gross.
Net.
Due leased lines. Bal., net.
$5,811,288
$1,844,611
$3,966,677 1894, upon applicatiou of a majority of all interests, the court per
1893-94........... $20,705,037
mitted the issue of $500,000 6 p. c. receivers’ certif., of which $330,000
1892-93........... 24,883,889
7,937,047 2,205,168
5,731,879
to pay interest on first mortgage bonds due Jan. 1,1894. Tttis interest
A nnual Report.—Fiscal year ends September 30. Annual meeting was accordingly paid, preventing suit for foreclosure, such suit being
isheld on last Tuesday in November. The annual report for the year possible only after six months’ default. The certificates are to be
3L892-93 was published in the Chronicle, V. 57, p. 918, 936. The paid out of income; in November, 1894, $480,000 had been issued. A
further issue of $684,629 certificates was authorized in October, 1894.
cross earnings include the N. Y. Penn. & Ohio and all the leased lines.
Equipment notes mature 4ug. 1, 1895 and 1896, $100,000 yearly;
Year ending Sept. 30.
1891.
1892.,
. 1893.
Aug. 1, 1897, $160,910. Sept. 30, 1894, there were also equipment
Miles operated Sept. 30................
1,698
1,968
_ 1>968
Total gross earnings.....................$30,090,699 $31,261,784 $29,993,160 notes for $7,045; loans and bills payable, $675,000.
Second mortgage interest due Feb. 1 was not paid. V. 58, p. 223.
Proportion paid leased lines......... 2,587,066 2,628,043 2,652,534
Leased Lines.—A s to liability on leased lines’ securities, see each.
Leaving as gross revenue
........$27,503,633 $28,633,741 $27,340,626
Latest E arnings.—For 9 months ending Sept. 30:
Total operating expenses............ 20,243,936 21,466,784 20,147,778
9 rnos.— Gross.
Net.
Other inc. In i., taxes, etc. B al.,d ef.
$7,166,957 $7,192,848 18 9 4.. ..$3,913,871
$913,487
$2,081 $1,410,091
$494,523
Net earnings................................... $7,259,697
68 667
18 9 3.. .. 4,626,467
1,246,620
3,922 1,418,549
168,007
P. c, oper. exp. to total gross eam’s. 67’2763
A nnual Report.—Fiscal year ends Dec. 31. Annual meeting in Bos
PROFIT AND LOSS STATEMENT.
ton second Tuesday in March. Annual report for 1893 in V. 58, p. 473.
1893.
1892.
Year ending Sept. 30—
1891.
Year ending Bee. 31—
1891.
1892.
$8,236,756 Total gross earnings.......................$6,229,030 $6,220,494 $6,019,208
$8,307,798
Total credits............................. $8,299,730
Expenses—
___
___ _ __
_
Net earnings...........................
$1,915,684 $1,808,347 $1,561,236
$312,760
Pavonia ferries....................... $323,962
$327,922
5,351
5,354
7,204
4,680,781 Other receipts.
Interest on funded debt........ 4,688,880
4,680,781
129,897
Interest on loans.......•
-..........
114,592
176,803
8,800
Total income............................. $1,922,888 $1,813,701 $1,566,587
Interest on mortgages, & o...
25,590
9,275
254,151 Rentals paid..................................... $460,240
$476,479)
Interest on equipment...........
294,438
303,836
1,143,250 > 1,893,986
1,614,188 Interest, etc..................................... 1,116,056
Rentals of leased lines........... 1,518,086
1,609,673
142,651 Taxes......................... —...................
254,403 >
Taxes........................................
120,239
128,478
46,509 7 p. c. div. on pref. stock...............
Claims o f prior years.............
51,955
89,375
210,000
129,581
Other debit items...................
156,610
248,396
$917.438 Balance, surplus..................................................def.$128,172 def.$60,431 df.$327,399
$733,259
Balance, surplus.................. $1,005,378
-(V . 56, p. 247,793; V. 57,p.164,179,298,341,342,511,548,638,723 -(V . 57, p. 299. 511. 722, 764, 809, 854, 894, 939, 1122 ; V. 58, p. 43,
765, 894, 9 18, 9 3 6 , 938,1083 ; V. 58, p. 43, 178, 223, 263, 345, 383 178. 223, 263 306, 345, 4 7 3 , 476, 513, 550. 595, 682, 716, 762, 774,
815, 902, 904, 941. 987,1109 ; V. 59, p. 70, 332, 738, 781.)
430, 458, 595, 636, 716, 864, 941, 1073, 1109 ; V. 59, p. 291 781.)
IO Í
BONDS,
AND
STOCKS
BAILROAD
1894.]
N ovember ,
INYESTOKS’
103
SUPPLEMENT.
LVo l .
LIX.
Subscribers w i l l confer a great favor by giv in g im m ediate notice o f any error discovered in tbese Tables.
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
Amount
When
Par
of
For explanation, of column headings, &c., see notes of
Outstanding Rate per Payable Where payable, and by
Whom.
Cent.
Road. Bonds Value
on first page of table.
$100 $37,942,900 See text. Q .-J . New Haven, Co.’s Office.
New York New Haven Hartford—Stock. See text.
J. & D. N. Y., Chem’al Nat. Bk.
4
1st mortgage (for $5,000,000)..................... -....... r 123 1883 l.OOO&c 2,000,000
4
A. & 0.
New York.
1893 100 &c. See text.
Debentures ($15,000,000) exch. for stockl903..e*
J. & J. N. Y., Central Trust Co.
1,000,000
7
1,000
50 1869
N.Y. Prov. & B. IstM., Prov. to Ston.(assumed).c*
A. & O.
300,000
4
do
do
1,000
12 1881
1st M. (Stonington to New London) assumed, c*
do
do
1,000,000
1,000
62 1892
4 g. A. & 0.
Gen’lm ort. for $4,000,000, gold, assumed., c&r
Bonds op Proprietary, etc., Lines :
F. & A. N.Y.,LincolnNat. Bank
500,000
5
1,000
51 1880
Bos. & N.Y. Air L. 1st M., N. H. to Williman., Ct.c*
500,000 5 & 6 J. & J.
Néw Haven ,Conn.
1,000
36 1880
Danbury & Norwalk con. M. ($100,000 are 6s). c*
A. & O.
do
do
150,000
5
100
36 1883
GenL M.,Danbury,Conn.,to Wilson Point, &c.c*
2,000,000
6 & 7 A. & O. N. Y., Chem’al Nat. Bk.
1,000
12 1873
Harlem River & Portchester 1st mort. guar. .c&r
do
do
4
J. & D.
1,000
1,000,000
12 1881
2d mortgage, guar. (See V. 56, p. 813)........c&r
New Haven, Conn.
4
A. & O.
100,000
74 1880 500 &c.
Housatonic old consolidated mortgage................
A. & O.
do
do
5
61,000
1882
Danbury Branch bonds, subject to call.............
2,839,000
1.000
1887
5 g. M. & N. N. Y., Farm. L. & Tr. Co.
80
New consol, mortgage (for $3,000,000) gold..c*
4
J. & D. New Haven, Ct., Treas.
150,000
55 1883 l.OOO&c
Naugatuck IstM ., Nauga. June, to Winsted, Ct.r
F. & A.
New Haven, Conn.
225,000
7
13 1870 5Ö0 &c.
New Haven & Derby 2d mort. (now 1st)........... c*
do
do
M. & N.
1,000
575,000
5
13 1888
Consol, mort for $800,000.......................
o’
F. & A.
do
do
480,000
6
1,000
1888
Funded coupon certificates................................
F. & A.
do
do
175.000
6
1888
Real Estate Certificates............................... —
do
do
F. & A.
71,900
6
1888
J. A. Bostwick certificates.................................
J. & J. N.Hav.,N. Trade8m’sBk
1,300,000
7
1,000
92 1869
N. Hav.& North. 1st M.,N. H.to ConwayJ.,Mass.o’
A. & O.
do
do
1,200 000
6
1,000
Consol, sink. fd. $15,000 per year, not drawn.c’ 114 1879
do
do
5
A. & O.
1,000
700,000
27 1881
Northern Extension bonds...............................c’
J. & J.
do
do
700.000
5
1,000
1886
Bonds (not mortgage) convertible into stock..c
do
do
1,000
260,000 4 & 6 A, & O.
17 1870
Holy & W., leased, 1st & 2dM., ($200,000 gu.)c
Old Colony—See that company.
4^3 M. & S. N. H., Nat. N. H. Bank.
200,000
49 1880 1,000&0
Shore Line 1st M., N. Haven to N. London, Ct—
5,600,000
5 g. J. & D. N. Y. Office & London.
N. Y.Ont.d W.—Con. M. ,now l st, g. ,red. at 105 in ’ 99. o' Text. 1889 $ or £
4 g. M. & S. N. Y. Office, 56 Beaver.
Refunding mortgage for $20,000,000, gold.. .o*&r Text. 1892 l.OOO&c 7,625,000
6 g. M. & S. N. Y., Farm. L. & Tr. Co.
New York Penn. < Ohio—Prior lien M., gold, $ & £.c* 431 1880 $500&e. $8,000,000
6
See text.
7 g. J. & J.
1st mort., gold, $1,000 or £200 at hold, optiome- 431 1880 500 &c. 44,342,000
None paid.
5 g. M. & N.
2d & 3d M., inc., gold, $ & £ (3d M. $30,000,000) c* 431 1880 500 &c. 1 44,500,000
N e w Y ork : N ew H a v e n Sc H a r t f o r d .—Owns from Woodlawn,
N. Y., to Springfield, Mass., 122 miles; branches to New Britain, Middletown, New Canaan, etc., 75 miles; N. Y. Providence & Boston Division,
New London to Providence, 62 miles, and branches, 23 miles; total
owned, 282 miles, of which 22 miles has four tracks; leases, and for
ttie most part practically owns, lines running to Winsted, Conn.,
Turnei’s Falls, Mass., Willimantic, Conn., etc., 501 miles; also leases
Providence & Worcester, 48 miles; has trackage into New York, 12
miles, and other trackage, 5 miles; Old Colony (which see) 603 miles
(since July 1,1893); total July 1,1894,1451 miles.
H istory .—A consolidation in 1872 of the New York & New Haven
and the New Haven & Hartford. In years 1892 and 1893 acquired
control o f several of the companies whose bonds are given in table
above. See Supplement of Sept., 1894. See also Old Colony.
Capital Stock .—Stock authorized, $100,000,000. It may be issued
for improvements, buying stocks and bonds of leased roads, &e.
Authority to increase the capital stock to $100,000,000 was granted
by the Connecticut Legislature in February, 1893. Of the increase
$15,000,000 will be needed to take up the convertible debentures in
1903. (V. 56, p. 289, 373, 579.) See President’s statement as to
acquisitions in Y. 56, p. 579. Stock outstanding is given as reported by
New York Stock Exchange Nov. 10,1894.
D ividends.—From 1872 to April, 1894, inclusive, 10 per cent yearly
paid, 2 ^ per cent quarterly; in July, 1894, only 2 p. c. was paid; Oct., 2
p. c. See V. 58, p. 1034.
B onds.—The convertible debentures of 1893 for $15,000,000 are ex
changeable at option of holder “ on April 1,1903, or within 60 days
thereafter, and no longer,” for company’s stock at par. If not then
exchanged they will mature and be paid in cash April 1,1908. The
subscriptions for them were payable in instalments o f 25 per cent cash
On April 1,1893, Oct. 1, 1893, April 1, 1894 and Oct. 1, 1894, re
spectively. The proceeds will be held as trust fund and disbursed only
for completion of four tracks on N. Y. division, including Harlem River
branch, for completion of two tracks between New Haven and New
London, for terminals at Providence, New Haven, New York, etc., lor
equipment, eliminating grade crossings, etc. See Y. 55, p. 1035. On
June 30,1893, $13,122,800 had been subscribed for. Certificates for
same listed on N. Y. Stock Exchange in November, 1894, $13,073,000.
Under the lease New Haven road “ assumed” the debt o f Old Colony
road. In addition to bonds given in table there are outstanding
Colchester Railroad 1st mortgage 7s, $25,000; Pawtuxet Valley 2d
mortgage 6s, $60,000. (See V. 54, p. 964.) There are “ deferred lia
bilities,” $323,500, being rolling-stock certificates and certificates of
indebtedness of the Housatonic RR., due 1894 to 1899. Loans and bills
payable Sept. 30,1894, $1,350,000.
L eased L ine Stocks.—The stocks of the leased lines unexchanged
on Nov. 1,1893, and the dividends payable thereon are shown below,
the shares being all $100 each excepting Danbury & Norwalk, which
are $50 each. The leases are for 99 years.
VnexDivid'd Divid'd
Stocks—
Total issue.
changed, p er an. period.
Berkshire......................................$600,000
$599,000 6 p. c. Q.—J.
B. & N. Y. Air Line pref.........3,000,000
1,427,500 4 p . c. A. & O.
do
do
common.. 864,231
864,231 Pays no divid’d.
153,600 5 p. c. J. & J.
Danbury & Norwalk................. 600,000
638,300 1 p. c. July.
Housatonic pref......................... 2,891,100
Naugatuck........ ....................... 2,000,000
1,044,900 10 p. c. J. & J.
N. H. & Derby (1)..............
447,000
97,300
3-4 J. & J.
N. H. & Northampton (2).........2,460,000
56,500
3-4 A. &O.
Old Colony....................... .....13,878,500
8,360,500
7
Q —J.
Shore Line (3)............................ 1,000,000
193,200
7H J. & J.
447,200
6
Q.—J.
Stockbridge & Pittsfield.......... 448,700
(1) After July 1,1895, pays 4 per cent. (2) After April, 1896, pays
4 per cent. (3) Generally 3% per cent in January, and 4 in July.
E arnings.—
3 mos. to
Gross
Net
Other
Fixed
Balance,
Sept. VO. earnings.
earning.
Income. Charges.
surplus.
1894........... $7,237,015 $2,751,299 $22,662 $1,378,454 $1,395,507
1893___ ... 7,128,323
2,256,239 28,922
1,383,235
901,926
A nnual R eport.—Fiscal year ends June 30. Annual meeting is
held third Wednesday in October. Report for 1892-93 was in V. 57, p
635. Figures for 1893-94 include operations of Old Colony, not here
tofore included.
Yr. end. June 30.
1891.
1892.
1893.
1894.'
Miles operated..
508
508
848
3,447
Gross earnings..$11,323,617 $11,913,701 $17,923,068 $25,281,876
Net earnings...... $3,394,715 $3,640,690 $5,517,134 $7,349,167
Other inoom e....
188,365
189,238
400,418
404,489
Tot. netincome $3,583,080
Interest paid____
$80,000
Rentals...............
984,069
Taxes..................
616,923
Dividends (10$.. 1,865,000
Balance, surplus.
$37,097
$3,829,928
$80,000
981,685
605,962
2,103,750
$58,531
$5,917,552
316,165
1,757,531
845,858
2,945,535
$7,753,656
590,543
3,379,975
1,409,460
3,631,293
$52,463 df.$l,257,615
-Prinoi-
Stocks—Last
Dividend.
Oct. 1, 1894
June 1, 1903
See text.,
Jan. 1, 1899
Apr. 1, 1901
Apr. 1, 1942
Aug. 1, 1905
July 1, 1920
Apr. 1, 1925
Oct. 1, 1903
June 1, 1911
Apr. 1, 1910
Oct. 1, 1912
N ov.-l, 1937
June 1, 1913
Feb. 1. 1900
May 1, 1918
Feb. 1, 1900
Aug. 1. 1900
1910
Jan. 1, 1899
Apr. 1, 1909
Apr. 1, 1911
July 1, 1896
Apr.’98&1911
March, 1910
June 1, 1939
June 1, 1992
Mch. 1, 1895
July 1, 1905
May, 1910-15
—(V. 56, p. 42, 83,127,164, 227, 247, 263, 289, 373,464, 579,793, 835
865,1015; V. 57, p. 469, 635, 722, 809, 853, 936, 1084; V. 58, p. 816,
1034; V. 59, p. 512, 836.)
N ew Y o r k Sc N orth ern .—See N e w Y ork & P utnam.
New Y o rk Ontario Sc W estern .—(See Map.)—Owns Oswego;
N. Y., to Cornwall, N. Y., 272 miles; branches to New Berlin, 22 miles;
to Delhi, 17 miles; to Ellenville, 8 miles; total owned, 319 miles; leases
Randallsville to Utica, 31 miles, and Clinton to Rome, 13 miles; (in per
petuity! Ontario Carbondale & Scranton Railway, Hancock, N. Y., to
Scranton, Pa., 54 miles; Wharton Valley RR., 7 m.; trackage -West
Shore RR., Cornwall to Weeoawken (till year 2079), 53 miles; total
operated, July 1,1894,477 miles.
Organization .—The New York & Oswego Midland was sold in fore
closure Nov. 14,1879, and this company organized.
Stock .—Stock is $58,119,982, (par, $100), of which $6,000 is old pref.
B onds, E tc.—The mortgages cover 319 miles of road owned, and all
securities of Ont. Carb. & Scran. Ry., 54 miles, are owned and pledged
under the mort. For consolidated mortgage of 1889 see abstract V. 49, p
238. The refunding mortgage secures $20,000,000 of 4 p. cts., of which
$5,500,000 to retire $4,000,000 sixes (paid Sept. 1, ’92), $7,000,000 to
retire $5,600,000 consol. 5s, balance for improvements, &c. The mort.
covers all the company’s property, real and personal, acquired and to
be acquired; mortgage trustee is The Mercantile Trust Co. The 5 per
cent bonds are redeemable in and after 1899 at 105 and accrued in
terest. The $6,500,000 of new fours issued entailed an additional charge
of only $20,000 per annum, after making allowance for the saving in
interest from refunding the first mortgage 6s. In Dec., 1893, $875,000
refunding 4s were issued for additional equipment, etc. See V. 54, p.
444,683,721,954. There are $75,000 Wharton Val. guar. 5s, due 1918.
L atest E arnings.—For the quarter ending Sept. 30 company reports:
3 mos.— Gross.
Net.
Other inc.
Charges. B al..surp.
$168,716
$382,763
$18,840 jH $232,887
' *
M
1894........ $1,057,170
229,661
194,866
405,687
18,840
1893........ 1,132,129
A nnual R eport.—Fiscal year ends June 30. Annual meeting last
Wednesday in September. Report for 1893-94 was given at length in
V. 59, p. 551, 560: see also V. 59, p. 532. Coal traffic in 1893-94 was
1,642,063 tons, against 1,352,225 tons in 1892-93,1,120,416 in ’91-92,
1892.
Year ending June 30.
477
Miles operated (incl. trackage)
Gross earnings........................ $3,265,417
Operat’g expenses and taxes. 2,461,136
(72-27)
Per cent oper. exp. to earns..
1893.
477
$3,688,174
2,798,226
(73-15)
1894.
477
$3,842,119
2,732,540
(68-40)
Balance, net earnings___ $804,281
Tot. net income, incl. “ other.” $879,306
507,261
Interest on mortgage bonds..
Miscell. interest ana discount Or. 11,559
176,585
Rentals p a id ...........................
$889,948
$965,008
528,349
Or. 633
180,439
$1,109,579
$1,184,669
569,042
13,876
182,186
$419,585
$256,853
Balance, surplus..................... $207,019
- (V . 56,p.290. 502; V. 57. p. 340, 341, 5 3 0 , 5 4 6 , 548, K55, 556,854,
1040; V. 58, p. 245, 817; V. 59, p. 423, 532, 55 », 560, 879.)
New Y o rk P en nsylvan ia Sc O h io.—Owns from Salamanca, N.Y.,
to Dayton, O., 388 miles; branches—to Oil City, 34 miles, other
branches, 9 miles; total owned, 431 miles. Leased lines—Cleveland &
Mahoning Valley RR., 124 miles; Sharon Railway, 16 miles; New Castle
« Shenango Valley, 17 miles; Youngstown & Austintown Ry., 10 miles;
Westerman RR., 2 miles; total leased, 169 miles; total operated. 600 m.
H istory .—Formerly Atlantic & Great Western RR. Leased to Erie
for 99 years from May 1,1883. In July, 1893, the Erie went into re
ceivers’ hands. The receivers pay over net earnings of N. Y. P. & O.
property, leaving any rental differences to be settled with the Erie Co.
R eorganization P lan .—On Nov. 1 6,1894, first mortgage bondhold
ers at meeting in London accepted the plan of the Voting Trustees for
the reconstruction of the road. The plan proposes as follows :
(1) Increase the rental from $1,757,054 to $2,000,000. (2) Apply
the $100,000 per annum now used in improving the line to payment of
interest on new 5 per cent bonds (total issue $5,000,000), to boused
for this purpose. New bonds to constitute a lien prior to the firsts.
(3) Extend prior lien bonds for 40 years at 4ig p. c., thus saving $120,000 per annum. (4) Extend first mortgage bonds to 1940; only interest
earned to be paid. (5) Exchange deferred warrants for firsts (6) First
mortgage coupons, due in 1 «95, to be funded. (7) Junior securities to
be left undisturbed. See V. 59, p. 880.
Stock .—Stock is $44,999,350—par $50—voted by five trustees.
L ease .—Rental 32 per cent of all gross earnings until these reach
$6,000,000, and this proportion decreases by 1-10 of 1 per cent for each
$100,000 of gross earnings above $6,000,000 until the gross earnings
are $8,000,000. See also other provisions in V. 49, p. 793.
B onds.—First mortgage interest not earned is payable in deferred war
rants, to be capitalized in bonds of the same class; payment of interest to
become absolute not later than July 1,1895, and until July 1, 1895,
the right to foreclose the mortgage is suspended. On the seoond and
third mortgages there is no right to sue the company or to foreclose.
July, 1894, interest on first mortgage was paid in deferred warrants
103
BONDS.
AND
STOCKS
KAILROAD
N ovember , 1894.]
IN V E ST O R S’
104
fVoL.
SUPPLEM ENT.
Lix.
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In these Tables.
BondsINTEREST
RAILROADS
pal, When Due
Miles Date Size, or
Amount Rate per When
Stocks—Last
Par
of
igTor explanation of column headings, &c., see notes of
Outstanding Cent. Payable
Whom.
Dividend.
Road. Bonds Value.
on first page of tables.
JT. Y.Pa.dt O.—Cond —Eq. trust s.f. 3 p.c. (dr’n at 100)
Deferredint. warrants, conv. into 1st M. bonds..
J . Y. Phila. < Norfolk—1st M., $16,500 p. m., gold. c*
IT
&
; Income mort., gold, non-cum., $10,000 per mile.r
W. Y. < Putnam.—N. Y. & No. 1st mortgage, gold.c
6
N. Y. &P. 1st con., $6,200,000, g., gu. p.&i. end..c
N. Y. < Nock. B’h.—1st M., $1,000,000, gold, gu..c’
£
Income bonds, non-cumulative................ . ...........r
Y. Susquehanna < West.—Pref. stock (See text)...
£
Midland RR. of N. J, 1st mortgage, gold........... e*
Paterson Extension RR. 1st M., real estate, g. .c*
JN Y. Sus. <sW. 1st M., refdg, g. (2d M on 73 m .).c
.
S
2d mort. ($1,000,000 gold) 3d M. on 73 miles.c
General mortgage for $3,000,000, gold.......... .e’
Terminal 1st mort. for $2,000,000, gold........ c*&r
Wilkesb. & East’n, 1st M., gold, gu. p. & i. (end.)c~
if. r . Texas dM ex.—lst. M.,g.,$ or £,gu.by So.Pac.o
iNorfolk < Carolina—1st M. for $l,5OO,O0O, gold.c
6
N orfolk < Southern—Capital stock.........................
&
1st mortgage, $10,000 per mile, gold........... — c
Norfolk < Western—Pref. stock, 6 pr. ct,. non-cum.
&
Norfk&Petersb’g—2dM. (now 1st) Nor.toPet’g.c
.South Side—Consol, mort., 1st pref., extended, .c
Consol. M. 2d pref., gold, extended...................c
■ Consol. 3d pref., Petersburg to Lynch. & br’s-.c
Virginia & Tenn. enlarged M. (extend in. 18841..c
4th M., now 2d, Lynchb’g to Bristol and br’ch. .c
Norf.<SsWest. Gen. M. ,Norfoik to Bristol.etc. gold.c^
■ New River division 1st mortgage, gold......... c’
1 Improvement & Extension Mortgage, gold ...c
Adjustment Mort., gold (red. Oct.’94 at 110). .c*
ClinohYal.D.lstM.,Graham to Norton&brs.,g. Cl
’ 88-’90
112
112
57
57
....
72
1
134
134
134
65
91
110
104
104
1883
1883
1887
1894
1887
1887
1880
1881
1887
1887
1890
1893
1892
1882
1889
1891
81 1808
133 1868
133 1868
133 1868
214 1854
214 1866
428 1881
160 1882
588 1883
588 1 1884
105 j 1887
£100
1,000
1,000
1,000
1,000
1,000
1,000
100
500&0.
1,000
1,000
1,000
1,000
1.000&C
1,000
$& £
1,000
100
1,000
100
1,000
1,000
10Ó &c.
100 < so
S.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
E árnings.—From Jan. 1 to Aug. 31,1894 (8 months), gross, $3,582,366, against $4,802,330 in 1893.
A nnual R eposst.—Fiscal year ends Sept. 30. Report for 1892-93 in
V. 57, p. 1037, showed figures as below, but no net earnings. The Erie
report gives net in 1892-93 as $2,059,960, agst. $1,793,370 in 1891-92.
O f the rental due from the Erie for the year ($2,269,432) $441,567
was still unpaid in January, 1894.
Year.
Gross.
Rental.
Charges. 1st M. int.
Balance.
1 6 9 2 - 9 3 .$ 7 ,3 7 9 ,3 4 9
1 8 9 1 - 9 2 . 7 ,2 0 9 , 7 1 7
$ 2 , 3 2 7 ,1 7 9
$ 1 ,5 7 8 ,3 7 1
$ 3 0 3 ,5 6 5 s u r .$ 4 4 5 ,2 4 3
2 ,2 8 7 ,3 5 8
1 ,6 0 8 ,3 7 2
6 9 3 ,7 8 5 def.
1 4 ,7 9 9
Charges in 1892-93 included: Hire of equipment, $273,920; rentals,
$595,334; interest on prior lien bonds, $480,000; additions and better
ments, $130,111; general expenses, etc., $99,006; total, $1,578,371.
— (V. 57, p. 511, 548, 638, 722, 7 4 5 , 1«>37,1123; Y. 59, p. 880.)
N ew Y o rk P h iladelph ia dc N orfolk.—Operates from Delmar,
Del., to Cape Charles, Va., 95 miles, and King’s Creek, Md., to Crisfield,
17 miles. Under a traffic contract, expiring in 1894 [see V. 47, p. 802],
the Penn. RR. Co. has purchased a portion of the coupons. It is said
this contract will not be extended as it is claimed the company is able
te pay its own interest. A six per cent bottomry mortgage for $225,OOO is due Jan. 1,1895. On July 1,1892, there were 5 percent oar
trusts for $160,000, “ miscellaneous obligations ” for equipment, $225,OOO, and current liabilities, including $776,100 matured interest cou
pons unpaid, $1,014,415. Stock, $1,714,375; par, $100. In 1893 gross
earnings were $886,727 against $795,881 in 1892; net, 194,247, against
.•$156,416 in 1892 and $155,739 in 1891. (V. 47, p. 807; V. 57, p. 1123.)
N ew Y o r k &. P u tn a m .—Owns from 155th Street and 8th Ave
Y. City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles
«iouble-track branch to Yonkers, 3 m.; operates 4 m.; total, 61 miles
H istory .—Successor to the N. Y. & Northern, sold under foreclosure
(Of 2d mort. Dec. 28,1893, and purchased for N. Y. Central & Hudson
¡River RR., which operates it under lease. V. 58, p. 127.
-Stock. —Capital stock is $6,500,000; par, $100.
¿Bonds.—The N. Y. Central guarantees the $6,200,000 of new consol,
mortgage bonds, of which $1,000,000 were reserved for improvements
and $1,200,000 to be held to retire at maturity the first mortgage 5s.
a n n u a l R e p o r t .— Earnings (sinee Feb., 1 8 9 4 ) are included in N . Y .
Central Operations. Fiscal year ends June 3 0 . Report of N . Y . &
Northern for 1 8 9 2 -9 3 in V. 5 7 , p. 8 0 7 , showed gross earnings $ 6 1 6 .3 0 4 ;
net, $ 5 9 ,4 5 2 . V. 5 6 , p. 3 7 3 ; V. 5 7 , p. 3 4 1 , 5 4 5 , 8 0 7 , 8 5 4 , 9 3 9 , 1 0 8 1 ,
Í 1 0 8 3 , 1 1 2 3 ; V. 5 8 , p. 4 3 ; V. 5 8 , p. 1 2 7 , 2 2 3 , 3 0 6 , 5 9 5 , 6 3 6 , 7 7 4 .)
¡SHow Y o r k & R o ck a w a y B each . — ( See Map Long Island R R ,)—
Owns from Glendale Junction to Rockaway Park, with branch, 12
miles, mostly 80-lb. steel, of which 10 miles double track; trackage to
ILong Island City, Brooklyn, Far Rockaway, etc., 18 miles. Stock au
thorized and outstanding, $1,000,000; par, $100. Controlled by Long
Island Railroad Company, whose endorsement is printed on first mortage bonds. In year ending June 30, 1894, gross earnings were
225,000; net, including other income, $7,923; interest, $43,900;
balance, deficit, $35,977. In 1892-93 gross, $252,700; net, inol. other
Income, $53,363. (Y- 55, p. 5 4 3 ; V. 57, p. 5 4 7 ; V. 59, p. 7 8 0 , 879.)
N ew Y o r k Susquehanna & W e ste rn .—( See Map.)—Operates
«direct line from Wilkesbarre and the Wyoming Valley coal fields to Jer
sey City opposite New York City, with branches, a total of 225 miles;
Lines leased, etc.
Miles.
‘ Lines owned in fee.
Miles.
Jersey City to Gravel PI., Pa. .101 Middletown TJn. & Water Gaplf 14
Wilkesbarre & Eastern—
[Double track 19 miles.]
Wilkesbarre to Stroudsburg.. 65
T w o bridges, N. J., to Unionville 21
Otfier branches.......................... 15 Trackage, etc............................. 9
S
Total (Usee this co.) ...............225
fflfcSYORY.—Consolidation in June, 1881, of the Midland of New Jersey
i&nd other railroads and on April 25,1893, with the Hudson River RR.
«&Terminal Co. The Wilkesbarre & Eastern, completed in 1894, and
¿controlled by ownership of stock is operated under a traffic contract
and fixed charges guaranteed; affords independent access to the
anthracite coal fields.
Stock .—New preferred, $13,000,000; new common, $13,000,000
As to re-arrangement of stock in 1893, see March, 1894, Supplement
The new preferred is 6 per cent non-cumulative. The N. Y. Stock Ex
ch ange on Nov. 15, 1894, reported outstanding: New common,
$11,386,100; new preferred as in table above.
D ividends .—On preferred stock from November, 1891, to Novem
ber, 1893, 21 p. c. per annum ( l ^ M. & N .); May, 1894, none.
2
B onds.—The issue of refunding mortgage bonds is limited to $3,750,
<800. Of the general mortgage 5s $1,000,000 were reserved to retire
sfche second mortgage. See mortgage abstract, V. 52, p. 84.
The terminal bonds listed in Sept., 1893, (U. S. Trust Co., trustee) are
i*«. absolute first mortgage on the extensive terminal property obtained
¡from the Hudson River RR. & Terminal Co. and on all improvements
ito be made thereon. They thus cover 3 miles of road, of which about
cue-third is a double-track tunnel under the Palisades, completed in
May, 1894 ;See V. 58, p. 866), and 62 acres of terminal property on the
Hudson, opposite 96th St.,N.Y. City. See abstract of mort. V.57,p.512.
The Wilkesbarre < Eastern 1st 5s are unconditionally guaranteed as
£
« o principal and interest by the Susquehanna, the guaranty being en
dorsed on each bond. They oover the connecting line completed in
£427,842
24,544,755
1,848,000
1,000,000
1,200,000
4,025,000
968,000
1,000,000
12,813,600
3,500,000
250,000
3,750,000
557,000
1,329,000
2,000,000
3,000,000
1,457,500
1,320,000
2,000,000
700,000
50,000,000
496,000
290,000
270,500
452,800
980,000
1,000,000
7,283,000
2,000,000
5,000,000
1,500,000
2,500,000
5 g. Various
Tendon.
1908 « s1910
S
See text.
6 g. J. & J.
J. & J.
6
New York City.
A. & O.
5 g.
4 g. A. & O. N.Y., Gr. Cent. Station.
5 g. M. & S. N. Y., Corbin Bank’g Co.
None paid.
Jan. 1
5
See text. Various N.Y.,Of. 15 Cortlandt st
6 g. A. & O. N. Y., Nat. Park Bank.
S
6 g. J. « s D. N.Y.Of.,15 Cortlandt St.
5 g. J. & J. N. Y.. Nat. Park Bank.
&
4*2g. F. < A. N.Y.Of.,15 Cortlandt St,
do
do
5 g. F. & A.
do
do
S
5 g. M. « s N.
do
do
5 g. J. & D.
S
4 g. A. « s O. N.Y..S.Pac.Co.;London,
S
5 g. A. « s O. N. Y., Central Trust Co,
N. Y., Atlantic Tr. Co,
See text.
do
do
S
5 g. M. « s N.
S
See text. A. « s O. Phila., 333 Walnut St.
J. « s J. N.Y.,Merc.Tr.Cò.&Phil,
S
5
do
do
S
5 & 6 J. « s J.
do
do
S
5 g.&6 g. J. « s J.
do
do
J. « s J.
S
6
do
do
J. « s J.
S
5
do
do
J. « s J.
S
8
do
do
S
6 g. M. « s N.
do
do
S
6 g. A. « s O.
do
do
S
6 g. F. « s A.
do
do
7 g. Q-—Mdo
do
M. « s S.
S
5 g.
Jan. 1, 1923
Oct. 1. 1933
Oct. 1, 1927
Oct. 1, 1993
Sept. 1, 1927
Sept. 1, 1927
Nov. 27, 1893
Apr. 1, 1910
June 1, 1910
Jan. 1, 1937
Feb. 1, 1937
Aug. 1, 1940
May 1, 1943
June 1, 1942
Apr. 1, 1912
Apr. 1, 1939
Oot. 10,1894
May 1, 1941
See text.
July 1, 1900
July 1, 1900
July 1, 1900
Jan. ’96-1900
June 30,1900
Moh. 1, 1900
May 1, 1931
Apr. 1, 1932
Feb. 1, 1934
Deo. 1, 1924
June 1, 1957
1894 from Stroudsburg to the coal fields at and around Wilkesbarre.
This line is built with 71-pound steel rails and iron bridges.
The New Jersey Midland junior securities were exchangeable into
stock of this company on certain terms, and have mostly been so
exchanged. There are also $6,000 old firsts of 1911 and $93,500
debentures of 1897 (for which N. Y. S. & W. seconds, included in table
above, are in hands of trustee) outstanding, besides $75,000 Passaic &
N. Y. RR. 6s, due 1910 (int. J & D) ; interest is guaranteed under 999
year lease. Loans on collateral June 30,1894, $542,809.
E arnings.—7 months, ) 1894........gross, $947,950; net, $341,333
Jan. 1 to July 31.
) 1893........gross, 997,043; net, 428,825
A nnual R eport.—Fiscal year ends June 30. Report for 13 months
from date of consolidation to June 30,1894, was in V. 59, p. 420, and
showed gross earn. $2,088,143. net, $903,718; sur. over charges, $249,185. Per cent of operating expenses to earnings, 56-72 p. c. There was
an increase in gross of $25,078 over same periodin l893ofold companies;
a decrease of $13,836 in net was caused by large expenditures for
maintenance and improvements. In the 13 months (as above noted) o f
1893-4 carried 1,387,981 tons anthracite, an increase of 210,000 tons
over previous year.
The following is a comparative statement for the calendar years
named, the figures for 1893 being approximate.
Year ending Dec. 31.
1890.
1891.
1892.
1893.
Gross earnings...................................... $1,592,083 $1,656,522 $1,713T,909$1,782,909
Net earnings ..............
$670,946 $716,455 $730,504 $797,634
Other income...........
30,401
30,051
52,752
30,435
Total........................... $701,347
Interest on bonds........... $445,459
26,446
Rentals.............................
Miscellaneous..................
25,776
Dividends........................................- - •
$746,505
$469,586
26,446
14,993
100,000
$783,256 $828,069
$501,463 )
26,725 > $587,301
2,906 >
200,000
............
Surplus........ .............. $203,666 $135,480
$52,169
............
—(V. 56. p. 4 6 2 , 579, 711, 793,1015; V. 57, p. 469, 511, 512, 854; V.
58, p. 178, 306, 866; V. 59, p. 4 2 0 , 600.)
N ew Y o rk T ex a s A M e xican .—Owns from Rosenbergto Victoria
Texas, 91 miles. Stock, $630,040, of which Southern Pacino Company
owns all but $22,040. There are also $60,500 old sixes outstanding.
Operated by the Southern Pacific Co., which guarantees the 4 p.c. bonds.
On June 30,1893, loans and bills payable, $600,276.
E arnings.—9 months, ) 1894, gross, $178,584; net, $62,257.
■ an, l to Sept. 30.
T
) 1893, gross, 179,611; net, 53,722.
In 1893 gross, $272,904 ;net, 104,389; surplus over oharges, $1,349.
In 1892 gross, $253,350; net, $83,311. Due Southern Pacific Co., etc.,
Jan. 1,1893, $614,768.
N orfolk A Southern.—Owns Berkely, Va., to Edenton, N. C., 74
miles; (ferry across Albemarle Sound to Mackey’s Ferry, 9 miles;)
thence road to Belle Haven, 30 miles; total main line, 104 miles.
History.—Successor to Norfolk Southern, foreclosed April 29,1891.
In July, $40,000 first 5s were issued for terminals at Norfolk, Va.
D ividends .—Paid first dividends in 1892, 2 p. c.; in 1893, 4 p. o.; in
1894, Jan., 1 p. c.; April, 1 p. c.; July, 1 p. c.; Oct., 1 p. c.
E arnings.—3 months, ) 1894, gross, $88,466; net, $22,315.
July 1 to Sept. 30.
5 1893, gross, 93,633; net, 27,602.
For year 1893 94 gross *435,383; net, $146,149; other inoome,
$2,811; surplus over charges and 4 per cent dividends, $18,186. In
1892-93, gross, $437,160; net, $138,104. (V. 57, p. 51 0, 723; V. 59,
p. 1 5 1 , 152.)
N orfolk A W e ste rn .—(See Map.)—This system, shown to ad
vantage on accompanying map, consists of the follow ing;
Miles.
Road owned.
M iles.' Road ’leased.
’
Norfolk, Va., to Columbus, O..710 Lynchburg & Durham—
Lynchburg to D urham, N. C. 115
Radford, Va., to Bristol, Tenn.107
&
Roanoke, Va., to Hagerstown.238 Roanoke & Southern < br.—
Roanoke to Winston-Salem.. 124
Graham to Norton.................... 100
Nor. Car. June, to Iron Ridge. 45
Sundry branches..................
135 Total of all June 1, 1894 .. 1,574
Double tra ck .........................
49
Organization , E tc.—The Atlantic Mississippi & Ohio was a consoli
dation of Norfolk & Petersburg, South Side and the Virginia & Ten
nessee roads; foreclosed February 10,1881, and reorganized as now.
The Ohio Extension of 184 miles was completed in September, 1892,
affording a through line to Columbus, O. The Shenandoah Valley RR.
was purchased Sept. 30,1890, and became the Maryland & Washington
Division. In May, 1893, leased Lynchburg & Durham—which see.
Capital Stock .—Preferred stock is entitled to 6 per cent, noncumulative, the amount outstanding being $50,000,000, having been
increased from time to time for new construction, etc. In June, 1893,
$5,000,000 of pref. was sold. See below and V. 56, p. 931. Preferred
stock may also be increased for purchase of the Roanoke Maohino
Works <s Virginia Co., V. 58, p. 1035. In May 1894, the balanoe of
S
preferred, $2,000,000, had been sold to pay for Col. Connecting Termi
nal stock, etc. V. 58, p. 816. Common stock is $9,50 >,000; par, $100.
Dividends on preferred stock—In 1882, 4 per cen t; in 1884, 3 ^ 1 »
scrip; in 1888, l 1 in 1889, 3; in 1890,3; in 1891,3; in 1892, April, H * ;
«;
Octv 1 p. ct. in scrip, convertible into debentures; none since.
105
BONDS.
AND
STQCKS
RAILROAD
N ovember , 1894.J
1 0 6
IN C E ST O U S’
SU PPLEM EN T.
[Voli.
1ix.
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
Bonds—
Princi
INTEREST OR DIVIDENDS.
_________________ RAILROADS._________________
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,^When Due.
Par
of
Stocks—Last
For explanation of column headings, &o., see notes of
Road. Bonds Value. Outstanding Cent. Payable
Whom.
on first page of tables.
Dividend.
Norf. A W.—(C on.)—100-yr. M., $45,000,000, g..c*
Scioto Valley & New England, IstM., assum.,g.o*
Norf. & West.—IstM. Maryland & Wash Div.,g.c*
Debentures for dividend (subject to call)..........
EquipmentM., 10-20s, g.,dr’natlOO aft.May,’98
Car trusts, principal..............................................
Gold car trusts, guar, by RR. Equipment Co. .c
Car trust of 1893, gold, not subject to c a ll.. .c*
Roanoke & So. lstM .,g.,$15,000p. m., gu.p.&i.c*
Equip, trust, $210,000, guar. p.&i. by N. & W.c*
Lynchburg & Durham bonds, guar.—see that Co.
Col. Con. & Term. 1st M., gold. gu. p. & i. (end.)c*
North Carolina—Stock. 6p. c. till 1901, Rich. & D.
N orthPadfic Coast—1st M., gold, sub.to call atlOO.c
General M. for $1,500,000, gold.......................... c
1st mort. North Pacific Coast ExtensionCo.,gold.c
No. Penn.—Stk„ 8 p. c. gu.990 yrs.,$6,000,000 auth.
2d mortgage— — — ........... . . . . . . . . . . . . . . . — c
General mortgage bonds....................................c&r
Bonds secured by $1,200,000 stock.................... r
No. A So. o f IU —1st M.for $600,000 ($10,000p.m.) g.
Northeast. Go.—1st mort., guar, by State of G a.. .c
No. East Penn.—1st M.. g., gu. p.&i. P.&R. (end.)c*
North-Eastern ( S. C.)—Stock......................................
1st mortgage, provided for by consol, mortgage.c
2d mortgage, provided for by consol, mortgage.c
Consol, mortgage, (for $1,836,000) gold............. o
Northern, (N. H .)—Stock, 5 p.c.rental till July, 1897
No. Adirondack—1st M., subject to call any J&J___
1st consol, mortgage for $825,000........................
Northern California—1st mortgage, gold................
Northern Central—Stock ($8,000,000 authorized) .
1st mortgage, State of Maryland loan— ............
936
129
257
....
122
....
223
76
91
5
86
56
86
40
26
102
102
102
83
56
56
54
13*8
1889 $100&c, See text.
1889
1,000 $5,000,000
7,050,000
1891 500 &c.
1892
500
430,000
1,000
4,123,000
1888
Various
1,876,774
1892
720,000
1,000
1,000
742,000
1893
1892
1,000
2,041,000
1891
1,000
86,000
5
4
5
5
5
g. J. & J. N.Y.,Mer. Tr.Co. & Phil.
do
do
g. M. & N.
do
do
g. J. & J.
A. & O.
do
do
do
do
g. J. & D.
New York & Phila.
5 g. Q.-JT.
5 g. Q .-J .
do
do
do
do
5 g- M. & S.
6
J. & D. Balt., Mer. Tr.&Dep.Co.
500
600,000
5 g. J. & J.
100
4,000,000 6 per an. M. & S.
1,000
590,000
6 g. M. & N.
1,000
903,000
5 g- J. & J.
1,000
100,000
5 g. J. & J.
50
4,720,750 8 per an. Q.—F.
1866 500 &c.
1,500,000
M. & N.
7
1873
4,500,000
7
J. & J.
M. & S.
1881
1,200,000
6
1,000
1890
5 g.
(1)
500
260,000
7
M. & N.
1,000
1890
400,000
5 g. A. & O.
50
900,000 6 per an. J. & J.
1869
500
820,000
M. & S.
8
500
1869
322,000
M. & S.
8
1,000
1883
694,000
6 g. J. & J.
100
2,997,300 6 per an. Q .-J .
1,000
1889
77,000
6
J. & J.
1,000 As collateral
1890
6
J. & J.
1889
1,000
1,074,000
5 g. J. & D.
50
7,518,150 See text. J. & J.
1855
1,500,000
6
Q .-J .
r---
1892
1881
1892
1883
N. Y., Atl. Tr. & Phila.
Burlington, N. C.
San Fran., Co.’s Office.
do
do
do
do
Phila. Of., 240 So. 3d St.
do
do
do
do
do
do
See text.
Phila., Phila. & Read’g.
Charleston, Office.
do
do
do
do
N. Y., Cuyler, Morgan.
Boston, 19 Milk St.
N. Y., So. Pac., 23 Broad
Balt.&Phil.,233 S.4thSt.
Annapolis.
Jan.
Nov.
Jan.
Oct.
June
1,
1,
1,
1,
1,
1990
1989
1941
1912
1908
J an’95-0ct.’02
Jan’95-Jan’03
Mch. 1, 1922
$21,000 Deo.l.
Jan. 1, 1922
Sept. 1, 1894
Nov. 1, 1901
Jan. 1, 1912
Overdue.
Nov. 25,1894
May 1, 1896
Jan. 1, 1903
Sept. 1, 1905
1940
Nov., 1926
Apr. 1, 1920
July 2, 1894
Sept. 1, 1899
Sept. 1, 1899
Jan. 1, 1933
Oct. 1, 1894
July, 1899
1920
June 1, JL929
July 16,1894
Irredeemable.
B onds .—Abstract of Clinch Talley mortgage (Fidelity Insurance Trust
North & South o f Illin o is.—Owns from Springfield to Litch
& Safe Deposit Co, of Philadelphia, trustee) in V. 45, p. 541.
field, 111., 43 miles, and from Litchfield to Mount Olive, 7 miles.
The 100-year mortgage of 1889 (trustee Mercantile Trust Co.) is a first Successor to St. Louis & Chicago foreclosed. Litigation pending, the
mortgage upon the Ohio Extension, 192 miles ; the steel bridge across receiver has not been discharged. In April, 1894, this road was in
the Ohio River ; upon various short branches, and upon the extensive cluded in the reorg. plan of the Ch. Peoria & St. L.—which see—No. &
terminals at Lambert Point and Norfolk ; it is also a general mortgage, So. of I. firsts receiving par in new bonds. Stock—Common, $1,500,
subject to prior mortgages, upon the remaining property of the com 000; pref., $1,300,000, 5 p. c. non-cum.; par, $100.—(V. 57, p. 91,180.
pany at the date of the mortgage, October, 1889, the total mileage
Northeastern It It. o f G eorgia.—Owns from Athens to Lula,
covered in June, 1893, being 936 miles. The mortgage is for $45,000,- Ga., 40 miles. Stock is $231,000, and a majority of it was owned by the
000, o f which $25,000,000 held by trustee to retire prior mortgages. Rich. Terminal, which held also $315,000 general mortgage bonds.
Abstract in V. 50, p. 208—see below.
The Rich. Terminal plan of February 20,1894, excluded this com
As to Scioto Talley A New England mortgage and guaranty see pany’s securities from the proposed reorganization. Nov., 1893, first
Supplem en t of January, 1894.
mortgage interest was paid in June, 1894, at Bank of the University,
Of the Maryland A Washington Division mortgage for $10,000,000 Athens, Ga. The road has been operated since Nov. 20, 1893, by R. K.
[Hagerstown, Md.,to Roanoke, Va., 238 miles, with branches 20 miles], Reaves, State Agent. Earnings Nov. 20,1893, to Aug. 31,1894, about
$2,500,000 bonds were reserved to extend the line to Washington, 9*3 months, were gross, $15,738; net, $11,151. (V. 58, p. 988.)
D. C., and $1,000,000 for other purposes. See abstract V. 54, p. 2Ô4.
N orth -P ast P en n sy lv an ia .—Owns road from Glenside to New
The gold car trusts for $900,000 were issued in 1892, each being in
dorsed with a guaranty of principal and interest by the Railroad Hope, Pa., 26 miles. Controlled by P. & R. Capital stock, $400,000,
of which $312,600 owned by Phil. & Read, is deposited under its coll,
Equipment Company. They fall due in forty quarterly instalments of
trust deed of 1892.
about $23,000 each. The car trusts o f 1893 are similarly payable.
N orth-P astern (S. C.)—Owns from Charleston, S. C., to Florence,
Roanoke A ¡Southern bonds for $2,041,000 were guaranteed in Febru
ary, 1892—see that company in Supplement for January, 1893, also 8. C., 102 miles; leases jointly, Lane, S. C., to Sumter, 8. C., 40 miles;
V. 54, p. 601, 684. N. & W. owns $1,837,000 of the R. & S. stock for total operated, 142 miles. Of consolidated mortgage $1,142,000 was
$2,396,400 and leases the road for 999 years. Bonds may be increased held to retire debts of prior lien. Stock, $900,000; par, $50. Dividends
from 1888 to July, 1894, 6 per cent per annum. In year end. June 30,
to $4,041,000 for additional mileage.
F inances .—In June, 1893, to meet the collateral loan of $2,000,000 1893, gross earnings were $620,307 (against $659,256 in 1891-92); net,
due in December, the convertible debentures, the bills payable and ex $168,402; net including other income, $201,668, against $194.289; in
penses for equipment and completing the Ohio extension, etc., the terest paid, $133,000; dividends (6 per cent), $54,000; balance, sur
shareholders were offered $5,000,000 of the 100-year bonds and $5,000,- plus, $14,668. (V. 55, p. 4 6 1 ,1 0 3 4 ; V. 57, p. 1038.)
000 of preferred stock for $5,250,000 in cash and accrued interest on
N orthern (New H am p sh ire).—See Supplement, Sept., 1894.
bonds, the issue being underwritten. This made the amount of 100N orthern A d iro n d a c k .—See Supplement, May, 1894.
year bonds outstanding $15,065,000. On the N. Y. Stock Exchange
N orthern C aliforn ia.—Owns from Knight’ s Landing to Oroville,
Sept. 17,1894, had been listed $12,265,000. See V. 56, p. 931. On
Cal., 54 miles. Leased to Southern Pacific Company, which owns
Dec. 31,1893, bills payable were $382,918.
$1,277,500 of the $1,280,000 stock. This is not the Northern Railroad
E arnings .—9 months, ) 1894, gross, $7,584,940; net, $1,956,569.
of California—see that company. In 1893 gross earnings were $176,January 3 to Sept. 3 0 ,5 1893, gross, $7,474,101 ; net, $2,057,599.
212; net, $35,531, against $35,598; deficit under charges, $22,232.
A nnual R epo r t .—Fiscal year ends Dec. 31.
Annual meeting is
N
Central.—Owns from
to Sunbury, Pa.,
held at Roanoke, Va., on first Wednesday in May. Report for 1893 139 orthern which 117 miles double Baltimore, Md., 9 miles; leases—
miles, of
track—branch,
was in the Chronicle , V. 58, p. 548, 551. See also editorial p. 534.
Shamokin Valley & Pottsville Railroad, 28 miles; Elmira & Williams
1890.
1891.
1892.
1893.
port Railroad, 78 miles; operates at cost—Elmira & Lake Ontario Rail
Average miles operated.
826
1,091
1,308
1,556
Passenger earnings........$1,612,260 $1,819,593 $1,880,820 $1,721,194 road, 100 miles; Summit Branch Railroad, 20 miles; Pennsylvania
Freight earnings........... 5,636,218 6,980,130 7,634,230 7,873,773 Railroad, 3 miles; total operated, 377 miles. Also uses New York
Lake
Mail, express, &c................................
313,438
388,319
437,831437,651Erie & Western tracks, 7 miles, and Philadelphia & Erie tracks
between Sunbury and Lewisport, 40 m., and owns Union RR., 9 miles.
Organization .—This was a consolidation of several roads in 1854.
Total gross earnings.......$7,561,915 $9,188,042 $9,952,881 $10032618
Oper, expen. (incl. taxes). 4,838,610 6,009,767 7,031,673 7,199,460 Controlled by the Pennsylvania RR., which owns $3,488,950 stock.
Securities Owned —On Jan. 1, 1894, among the assets held were
Netearnings..................... $2,723,305 $3,178,275 $2,921,208 $2,833,158 Balt. & Potomac stock (par) of $622,850; Elmira & Lake Ontario stook
P. o. of op. ex. to eam’gs. (64*00)
(65*41)
(70*65)
(72*00)
(all), $1,500,000; Shamokin Valley & Pottsville stock, $619,400; Union
Income from invest., &c. $233,919 $156,645 $144,606 $141,189 RR. stock (all), $1,200,000, etc. Value of all, as per books, $3,589,228.
From Shen. Valley fund t
........ .
135,000 tl36,260
............ The income from investments in 1893 was $470,454.
Liabilities .—Jointly with the Penn. RR. and Phila. & Erie this com
Total net income..........$2,957,225 $3,469,920 $3,202,074 $2,974,347
Interest on bonds, &c_
_ 1,814,008 2,266,130 2,428,454 2,821,940 pany guarantees the Allegheny Valley 5 per cent loan o f 1870. Mort
gages and ground rents on January 1,1894, were $319,830; “ other
Interest on coll, loan, &c.
....................................................
187,278
Dividend on pref. stock.. (3)735,000(3)1,072,500 *1,030,000
............ liabilities,” $1,234,682. Union RR. firsts due Jan. 1,1895, will be paid
Miscellaneous..................
88,607
47,308
64,871 now at office of No. Central Ry. at par and int. to date of presentation.
D ividends paid since 1882—From 1883 to 1886 inclusive, 8; in 1887,
Balance, surplus........ $319,610 $131,290df.$303,688 df.$99,742 8 and 10 stock; in 1888, 7; in 1889. 8; in 1890, 8 p. c.; in 1891, 7 p. o .;
in 1892,7 p. c.; in 1893, 9 p, c.; in 1894, Jan., 4 p. 0;j July, 3 p. c.
» Dividend 2*2 per cent, of which 1 per cent in scrip convertible into
E arnings.—9 months,) 1894, gross, $4,353,376; net, $1,317,173.
bonds.
t Derived from a special fund of $270,000 created under
January 1 to Sept. 30,51893, gross, $5,208,899; net, $1,585,916.
agreement with the Shenandoah Valley.
A nnual Report.—Fiscal year ends Dec. 31. President’s report for
—(V. 55, p. 100, 463, 544, 639; V. 56, p. 165, 538, 647, 6 6 7 , 6 7 3 , 753,
1893, given at length in V. 58, p. 325, 343, 346, showed the follow ing:
931, 973; V. 57, p. 22; V. 58, p. 43, 5 3 4 , 54 8 , 55 1 , 816, 904,1035.
Tear end. Dec. 31—
1890.
1891.
1892
1893.
N orth C arolina.—Owns from Goldsboro to Charlotte, No. Caro
lina, 223 miles. Leased Sept. 11,1871, to the Richmond & Danville Gross earnings........... $6,608,797 $6,820,568 $7,191,290 $6,881,806
N etearnings............... 1,687,038 1,903,346 2,078,930 2,118,650
(now Southern Ry. Co.) for 30 years at $260,000 per year. There is
522,951
377,181
333,886
496,979
no bonded debt. Dividends of 6 p. c. are paid on the stock, of which Other r e c e ip ts .........
the State of North Carolina holds $3,000,000. The Southern Ry. has set
Total net incom e.... $2,209,989 $2,280,527 $2,412,816 $2,615,629
aside $4,000,000 of its new consols to be used, if desired, to acquire a
Rentals, &c...................
475,572
440,461
442,140
500,253
like amount of North Carolina stock. (V. 56, p. 878.)
Interest on debt...........
924,039
914,001
869,698
859,561
N orth H u d so n C ounty.—See Stre et R a il w a y s in front o f this Dividends.......................(7)526,260 (7)526,263 (8)601,444 (8)601,446
Supplem ent .
Miscellaneous..............
226,654
229,558
129,341
94,174
North Pacific Coast (N arrow G a u g e ).—Owns San Francisco to
Balance, surplus___
$57,462
$170,244
$370,193 $560,195
Cazadero, 87 miles; branches to San Rafael and Mill Valley, 4 miles;
leases to San Quentin, 3 miles; total operated, 94 miles,including - ( V . 54, p. 3 2 7 , 844; V. 56, p. 3 3 5 , 625; V 58, p. 3 2 5 , 3 4 3 , 346.)
ferry to San Francisco, 6 miles; also has ferry to San Quentin, 11 miles.
N o r t h e r n o f N e w J e r s e y .—Owns from Bergen, N. J., to Sparkill
Stock authorized, $3,000,000; issued, $2,709,500; par, $100. Exten N. J., 21 miles; leases Sparkill to Nyack, 5 miles. Operated under
sion Co. friendly foreclosure suit settled. In addition to bonds in table contract of April, 1869, New York Lake Erie & Western at 35 per cent
there are $7,000 2d mortgage bonds of 1881 outstanding. For year of its gross earnings and five fifty-sixths of the balance. Stock,
ending June 30,1894, gross, $383,195; net, $92,189; int., taxes, etc., $1,000,000; par, $100. D ivid en ds .—From 1884 to July 15, 1893,
$90,110; balance, surplus, $2,079. In 1892-93, gross, $418,625; net, inclusive, 3 to 4 per cent yearly; 1894, July, 2*4 p. c. Jan. 1,1893,
$122,294.
floating debt, $176,891. In year ending June 30,1894, gross was $130,Ndrth P en n sy lv an ia .—Owns from Philadelphia, Pa., to Beth 187; net over expenses, $96,803, against $104,540 in 1892-93; interest,
4
lehem, Pa., 56 miles; branches to Delaware River, &o., 30 miles. rentals and taxes, $55,689; dividends (41 p. c.), $42,500; balance,
Ground rents and mortgages July 1,1893, $458,128. Leased for 990 deficit, $1,386, against surplus, $5,161 in 1892-93.—(V. 55, p. 4 6 1 ; V.
57, p.515; V. 59, p.331.)
years from May 1,1879, to Phila. & Reading at 8 per cent on stock.
N o v e m b e r , 1894. J
B A IiK O A D
STOCKS
AN D
BONDS.
107
Subscribers w ill confer a great favor by giv in g Im m ediate notice o f any error discovered In these T a bles.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due,
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation of column headings, &c., see notes of
Outstanding Cent. Payable
Dividend.
Whom.
Road. Bonds Value.
on first page of tables.
A. & O. Baltimore & Philadelp’a Apr. 1, 1900
6
Northern Central—( Concludedj—2ä mortgage— c* 138 1865 $500&c. $1,126,000
2,804,000
6 g. Various Baltimore, Treas. Office. July 1, 1900
1,000
Consol. M., gold; coup., int. J & J; reg., A & O.e&r 138 1868
1,727,000
6 g. J. & J. London and Baltimore. July 1, 1904
Consol, gen. mort. ( gold, s.f., dm. at 100, A&B.c 138 1874-5 $ & £
2,000,000
6 g. J. & J. Baltimore, Treas. Office. July 1, ' 1904
of 1874, gold, se-< gold, $, C & D ...................... c 138 1876-7 $1,000
Apr. 1, 1925.
do
do
4 1 A. & O.
ag.
1,400,000
1,000
138 1885
curesall equally, (gold, E ........... .. . . . . . c
J. & J. Baltimore,Treas. Office. Jan. 1, 1926
5
3,593,000
1,000
2d gen. mort., series “ A” & “ B” (A $2,593,000).. 138 1876
Jan. 1, 1895
do
do
J. & J.
6
900,000
9 ’67-’70 50Ö &c.
Union RR.,lst<ass’d)$117,000 end. by Balt. City, c*
6 g. M. & N. N. Y., London & Balt. May 1, 1900
600,000
1,000
9 1873
2d mortgage (assumed) $ or £, gold..................c
July 10, 1894
1,000,000 See text.
100
Northern o f New Jersey—-'tock..................................
J. & J. Jer. City, Hud’n Co. Bk. Apr. 1, 1917
6
654,000
21 1887 100 &e.
3d mortgage, now 1st (for $700,000)..................c
100 49,000,000
Northern Pacific—Common stock.....................
April 15, 1892
100 35,504,131 See text
Preferred stock (8 per cent, not cumulative).
M. & N. N. Y., Mills Building, May 1, 1919
6
1st M. and Id. gr. Missouri Div., dr’n at par.c*&r 205 1879 100 &c. | 9 AGQ nun
Sept. 1, 1919
do
do
M. & S.
6
1st M. and Id. gr. P. d’ Or. Div., drawn at par.c*&r 225 1879 100 &c.
Jan. 1, 1921
do
do
J. & J.
6
Gen. 1st M. Id. gr., g., $25.000p. m.,dr. atllOc*&i 2,146 1881 l.OOO&c 43,393,000
July 1, 1897
do
do
Q.—J.
6
1,000
See text.
1894
Receiver’s certificates, gold, red. at 101 p. c .......c
f g. A. & O. Apr., ’93. coup, last pd. Deo. 1, 1933
Gen. 2d mort., gold, land grant, drawn at 110.c*<fer 2,146 1883 1,000&0 19,216,000
J. & D. June, ’93, couo. last pd. Deo. 1, 1937
Gen. 3d mort., gold, sinking fund, not drawn.c*<fcr 2,146 1887 l.OOO&c 11,461,000
1989
’93, coup, last pd.
I I : J. & D. June, Farm’rs L.&T.Co. Deo. 1, 1898
Consol mortgage for $160,000,000, gold.......c*&r 3,476 1889 l,000&c See text.
May 1,
M. & N. N.Y.,
1,000 10,275,000
1893
•ColLtr.notes ($15,000,000) g.,red. af May l ’96.c<fcr
I s- J. & J. July, ’93, coup, last pd. Jan. 1, 1907
519,500
1888 50Ö &c.
Dividend certificates, ext’d in ’88, red. after 1892
N. Y., Mills Building. Oct. 1, 1898
Q.—J.
7
3,000,000
1888
Trust equipment.......... ................
963,000
6 g. J. & J. July, ’ 93, coup, last pd. Jan. 1, 1936
1,000
64 1886
James River Valley RR. 1st M., gold, .c*
360,000
500
6 g. M. & S. Sept., 93, coup, last pd. Sept. 1, 1916
39 1886
•Coeur d’Alene 1st M., g., not drawn.. .o*
878,000
1,000
49 1888
6 g- A. & O. Apr., ’93, coup, last pd. Oct. 1, 1938
Gen. M., $25,000 p. m., g ...................c*
1,766,000
1,000
6 g. M. & N. May, ’93, coup, last pd. May 1, 1936
110 1886
Spokane & Palouse 1st M., gold..........c* « H f
July 1, 1936
See text.
1,650,000
1,000
6 g - J. & J.
110 1886
Duluth & Manitoba 1st mort., gold.. ..o*
June 1, 1937
See text.
1,451,000
1,000
6 g. J. & D.
96 1887
Dakota extension 1st mort., gold........ 00*3 ^ t9 a ^0
400,000
1,000
f-i
o
6 g . M. & S. Mch., ’ 93, coup, last pd. Mch. 1, 1937
17 1887
Helena & Red Mountain 1st M., gold.c*
_P Text. 1888 l.OOO&c 5,381,000
6 g. M. & S. Meh., ’93, coup, last pd. Sept. 1, 1938
No. Pac. & Mon, 1st M., g., not dr’n..e*<fcr
6 g- M. & S. Mch., ’93, coup, last pd. Sept. 1, 1938
Cent. Washington RR. 1st M., gold..c*<fcr M Ï® § 108 1888 l.OOO&o 1,750,000
750,000
1,000
5 g. J. & J. July, ’93, coup, last pd. May 1, 1939
1890
Nor. Pac. & Manitoba Term. 1st M., g. .o*
.s s a
N o r t h e r n Pacific.—Link of Road—Main line—Asnland, Wis.,
to Portland and Wallula Junction, Ore., 2,137 miles; Duluth to
Northern Pacific Junction (^ interest), 24 miles; Northern Pacific &
Manitoba (connecting with Canadian Pacific at Winnipeg and Brandon),
264 miles; various other lines and branches, 875 miles. Total owned,
8,354 miles. Leases—St. Paul & Northern Pacific, Brainerd to St. Paul,
and branches, 182 miles; trackage—St. Paul Minneapolis & Manitoba,
St. Paul to Minneapolis, 12 miles; Minneapolis Union terminals, 3
miles; other lines, 3 miles; total, 18 miles. Also operated sundry branch
lines, making grand total Oct. 1, 1893, 4,374 miles. See also Seattle
Lake Shore < Eastern and Wisconsin Central.
e
H istory , E tc.—Chartered by act of Congress July 2,1864. The road
opened, 450 miles, to Bismarck, was foreclosed in 1875, and reorganized.
Chicago & Northern Pacific stock for $15,010,000 (a majority interest)
was acquired in 1890. The Chicago & Calumet Terminal Rail
way also was purchased, all its $6,000,000 of bonds being pledged as
collateral under the N. P. trust deed of 1893. See Chicago & Northern
Pacific. The receivers were relieved toy the Court from the leases of
the Wisconsin Central and Chicago & No. Pac. See those companies.
R eceivership.—On Aug. 15, 1893, the property was turned over to
Thomas F. Oakes, Henry C. Payne and Henry C. Rouse as receivers.
In September, 1894, 24 separate branch line receiverships were ter
minated and their legal administration placed in the hands of the trustee.
They will be operated by the Northern Pacific under traffic agreements.
V. 59, p. 836.
Coupon Payments.—Of the interest maturing sinoe the receivership
began the interest on the following loans had been regularly paid up
to Nov., 1894: Pend d’ Oreille ana, Mo. Division 6s, the first 6s of
1881, the receivers' certificates, the collateral trust notes. The interest
due October 1,1893, on N. P. 2d mortgage was not paid. Foreclosure
suits under the second and third general mortgages and consol, mort
gage was filed on October 18,1893. (V. 57, p. 684.) July, 1894, in
terest on gen. first mort. was paid when due. See below and V. 58, p.903.
Reorganization Committee.—Edward D. Adams, Chairman;
John C. Bullitt, Louis Fitzgerald, Charles H. Godfrey, J. D. Probst,
Jam 38 Stillman and Ernst Thalmann; depositaries, Mercantile Trust
Co. N. Y., Pennsylvania Co., of Philadelphia, and Deutsche Bank of
Berlin and London, and Credit Lyonnais of France. Deposits of 2dS
4B6,240,000; 3ds $6,619,000; consols, $20,644,000, had been received
b y this Committee in Oct., 1894. (V. 59, p. 70,153.
Second mortgage bondholders’ committee, Johnston Livingston,
Chairman; Luther Kountze, Dumont Clarke, Henry S. Redmond and
Charles S. Fairchild, all of New York, Charles B. Wright, Phila , and
Beniamin P. Cheney, Jr., Boston, Secretary, S. E. Kilner, care of
estate Fredk. Billings, 120 Broadway, N. Y. V. 59, p. 70,116.
Third Mortgage Committee.—Evans R. Dick, C. B. Van Nostrand, Max
Ruckgaber, Jr., of N. Y., and Charle nagne Tower, Jr.t of Phila.,; denositarv. N. Y. Guaranty & Indemnity Co. See committee’s circular of
Aug. 15,1894, V. 59, p. 319. See also V. 59, p. 153, 332.
James River Valley bondholders’ committee: James Timpson, 32
Nassau St., N. Y „ William M. Cole, William A. Wheelock; depositary,
U. S. Mortgage Co., 59 Cedar St., N. Y. V. 59, p. 651.
Occur dt Alene general mort. bondholders’ committee: W. J. Quinlan,
j r . , Chemical Nat. Bank, N. Y., M. L. Scudder, John P. Townsend; de
positary, Farmers’ Loan & Trust Co. V. 58, p. 1072.
Spokane < Palouse first mort. bondholders appointed a committee in
&
Dec., 1893, Geo. R. Sheldon, Chairman, N. Y., Security & Trust Co.,
Depositary, 46 Wall Street, N. Y. In May, 1894, certificates of deposit
for $1,072,000 bonds were listed on the New York Stock Exchange.
RENTAL.—Leased to Nor. Pac. in A u g.,’ 94, for 4p. c. on bonds May
1 ’93, to Nov. 1 ,’94; 5 p. c. Nov. 1, ’94, to May 1 ,’ 97; also taxes,
maintenance, etc., V. 59, p. 192, 277. Lease confirmed in Sept., 1894.
X . 57, p. 980; Y. 58, p. 514, 736, 904; V. 59, p. 836.
Duluth tfi Manitoba bondholders’ committee: Frederick Cromwell,
Chairman, 32 Nassau St., N. Y., Cornelius B. Gold, E. R. Dick, Charle
magne Tower, Jr., and C. B. Wright, Jr. In June, 1894, D. & M. was
leased to No. Pacific from Aug. 15,1893, to July 1, 1896. Rental
4 p c. per annum on D. & M. firsts for first 18 months (including cou
pons due Dec., 1893, and Jan., 1895), and 5 p. o. per annum for re
maining period (including coupons due June, 1895, and July, 1896.
Coupons due Dec., 1893, and Jan., 1894, paid at above rates m August,
1894; June and July, 1894, coupons paid in October, 1894; remaining
•coupons to be paid at maturity of each. Above lease confirmed in Sep
tember, 1894. V. 58, p. 263, 941,1072,1109; V. 59, p. 319, 651, 836.
No. Pacific < Montana bondholders communicate with George R. Shel
£
don, 4 Wall St., or Arthur Lincoin, 38 Broad St., N. Y.
V
Central Washington committee: A. M. Hoyt, Chairman, No. 1 Broad
way. C. T. Barney and Charles E. Eddy; depositary, Knickerbocker
Trust Co. Trust Co. receipts listed in N. Y. in July, ’94. V. 59, p. 116.
For directors elected in October, 1894, see V. 59, p. 697, also p. 739.
Capital Stock.—The preferred stock has a preference for 8 per
cent in each year if earned, but is not cumulative. Until default on
the general first mortgage the preferred was to be receivable in payment
for
east of Missouri River at par, and the proceeds of said lands (in
1892 about 3,000,000 acres), were to go to its retirement. The prefer
red stock was thus reduced from $51,000,000 to the present figure.
The back surplus due the preferred for dividends earned but not dis
tributed is invested in consolidated bonds of the par value of $3,347,
000, which are held bv the Farmers’ Loan & Trust Company.
Dividends on preferred.—In 1883, llMo» from 1884to 1889 Inclusive,
nil; in 1890 and 1891, each 4; in 1892, Jan.. 1; April. 1; since, none.
Bonds.—See abstract of general drst mortgage in V. 58, p. 903 ; o f
general 2d mortgage V. 58, p. 942; and of general 3d mortgage V. 47,
p. 22. The general 1st, 2d and 3d mortgages have a first, second
and third lien respectively on the company’s main line and on the
lands, except as to the parts subject to the two divisional mortgages o f
1879 and the lands east of the Missouri River, which until default on
the general first mortgage b on is are subject to the rights of the pre
ferred stockholders. After default, however, on the general first
mortgage, that mortgage becomes a prior lien on the lauds east of the
Missouri River, the pref. stock then ceasing to have any claim thereon. .
The 2d, 3d and consol, mortgages have no claim on the lands east
of the Missouri River.
The consolidated mortgage covers the main line and branches, a onehalf undivided interest In 24 miles more, and all the land grant except
that east of the Missouri River, which Is subject to the preferred stock,
and has a first lien on 1,339 miles of branches. (Abstract of mortgage
—trustee, Farmers’ Loan & Trust Co.—V. 50, p. 279.)
Receiver Rouse’s report on Dec. 1,1893, showed that $62,443,000 con- :
sols had been executed. Of these $4,846,000 were on hand or pledgelas
collateral on loans and receivers’ certificates and $8,850,000 were de
posited under collateral trust and Northwest equipment oontr icts. In
Nov., 1894, $45,676,000 had been listed on N. Y. Stock Exchange.
Abstract of deed securing collateral trust notes of 1893 [Farmers’ Loan
& Trust Co., trustee] was in 56, p. 1017. Notes listed to Nov. 17,1894,
$7.500,000. Issued to Deo. 1,1893, $10,275,000, of whioh $8,940,000
delivered to subscribers.
Nor. Pac. < Montana bonds of 1888 are outstanding to the amount
G
of $8,843,000 on 354 miles of road, but of these $3,462,000 are pledged
under the N. P. consol, mortgage of 1890. In the same way, of the
Spokane & Palouse mortgage for $2,984,000 there are $1,218,000,
covering the mileage in Idaho, pledged for No. Pac. consols.; the bonds
in the table cover the road in Washington.
F loating D ebt .—J uly, 1894, floating debt, including receivers’ certifi
cates, w as $7,344,348; past-due coupons m ain line bonds, $4,116,000.
L ands .—See S upplement of May, 1894, and V. 58, p. 941.
G en eral F inances .—Receivers' certificates issued in 1893 were ex
tended in April, 1894, for 6 months.
In October, 1894, the Court authorized the issue of $5,000,000 re
ceivers’ certificates to be used as follow s: To take up certificates fall
ing due October 1 amounting to $2,135,985; in replacing the amount
taken from current funds, $531,000; in paying the amount of the un
redeemed loans outstanding, $1,263,074 and interest, and the preferen
tial claims, amounting to $500,000. These certificates, as regards their
lien upon the corpus of the property, rank, as did the previous issue,
before the general second mortgage, but after the general first mort
gage. They are to have for their security, first, a lien on the bonds and
stocks in the Northern Pacific treasury ana such as are set free by pay
ment of floating debt; second, a lien on tbe income o f, the road, ana,
third, subject to the general first mortgage, as already said, a lien on
the corpus of the road itself.
Of these certificates, $3,801,925 had been issued by the receivers to
Nov. 20,1894, of which $2,500,000 have been delivered to the general
reorganization committee, of which Mr. Adams is chairman, which
has agreed to take $3,500,000 as required by the receivers.
In June, 1894, the reorganization committee loaned the receivers
$1,000,000 to prevent default July 1 on general first mortgage, the
road’s earnings having been otherwise applieij. In Sept., 1894, this
$1,000,000 loan and the receivers’ certificates representing the same
had all been paid off. V. 59, p. 515.
In Nov., 1894, gen. first 6s for $872,000 were drawn for payment at
110 per cent Jan. 1,1895. See list. V. 59, p. 894.
E arnings L eased L ines .—For the fiscal year 1892-93 the receivers
repoi ted the loss to the No. Pac. on the leased lines, after payment of
charges, to have been as follows. (See Y. 57,
854):
James River Valley............$65,479 Helena & Red Mt............... $30,270
Coeur d’Alene..................... 98,931 No. Pac. & Montana........... 423,659
Spokane & Palouse............ 87,407 Central Washigton............. 117,989
Duluth & Manitoba............ 158,625 Other lines.......................... 923,251
For Receiver Rouse’s report of Dec., 1893, on branch lines, see Sup
plem en t of September, 1894
L atest E arnings .—From Jan. 1 to Oct. 31,1894 (10 months), gross,
$13,578,155, against $16,785,041 in 1893. In year 1893 gross, $23,236,980, against $28,899,432 in 1892. For receiver’s statement to Apr.
30,1894, see V. 59, p. 28.
A nnual R eport .—Annual meeting is held at New York on the third
Thursday in October. Report for 1893-94 was in V. 59, p. 694. Wis
consin Central Lines’ earnings are included for first three months of
1893-94 only and excluded entirely from other years.
Yrs.ending June30. 1891.
1892.
1893
1894.
M ile a g e ..-..-----.-4,222
4,412
4,443
......
Passenger earnings. $6,680,492 $6,296,285 $5,917,054 $4,639,864
Freight earnings... 17,531,222 17,383,771 17,017,629 12,378,402
Mail, express, & o ...
939,830
981,401
985,425
883,810
Gross earnings.. $25,151,544 $24,661,457 $23,920,108 $17,902,076
Net earnings............ $9,750,548 $10,084,108 $8,985,996 $4,585,521
Per ot. exp. to eam’s
61’23
59*11
62*43
74*38
108
IN V E ST O R S’
SUPPLEM ENT.
rvoii. l i x .
N o v e m b e r , lhS4.j
RAILROAD
STOCKS
AFD
BOFOS,
I© »
Subscribers w i ll confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables«
Bonde—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount
When Where Payable, and by Stocks—Last
Par Outstanding T
of
Por explanation of oolumn headings, &c., see notes of
Dividend.
Whom.
Cent. Payable
Road. Bonds Value.
on first page of tables.
Northern Pac. Ter. Co —IstM., gold, red., at 110.. .o’
Northern Railway ( Oal.)—1st M., int. guar-, gold..
Consol. M. ($21,000,000),gold,1st M.on 197m.c*&r
Northwestern JElevated—1st mort., $15,000,000—
aorwich d Worcester—Pref. stock, 8 p. o. rental....
k
1st M., principal and int. guar, by N. Y. & N. E.c’
Oconee & Western—1st M., $9,000 p. m., gold .......
Ogden Mine RR.—Stock (5 p.o.rent.Uen. of N. J .)..
Income bonds, not cumulative.
Ohio < Mississippi—See Balt. & Ohio Southwest.
6
Ohio River—1st m. [$2,000,0001, $12,000 p. m., g.c
Gen. M. (for $3,000,000), gold,1st on 39miles .c
Ravensw. Sp. & Glen.lstM.,gold.,gu.,p.&i.(end.)c
H untington*BigS. IstM. ($400,000), gold,gu.o’
Ohio South.—1st M. ,$4,000,000($15,000 p.m.)g... tf
General mortgage, (for $2,800,000) gold........... o’
Ohio Valley, K y .- 1st mortgage, g o ld ................... e *
General consolidated mortgage, gold, guar...... e *
Old Colony—Stock. ............................................... o
r
r
do
Bonds
c
r
r
o
Boston Clin. F. & N. B. mort., mt. guar, by rt
Old Colony Steamboat bonds, gold.............
Plymouth & Middleboro 1st M., int.guar.(end.).o’*
Omaha Bridge <6Terminal R y.—1st M.($5,00A nAA)
1883 $ 1,000 $3,563,000
6 g. J. & J. July,’94, pd. Sep. 10,’94
So.Pac.Co.,23 Br’d
5,156,000
1,000
1877
£«• J. * J. N. Y., do
do
A. & O.
1,000
4,751,000
1888
i g1894 50Ó &o.
(1)
er an. J. & J, Boston, Second Nat. Bk,
100
2,767,800 g
66
M. & S. Boston, N. E. Trust Co,
6
400.000
1,000
48 1877
,
5 g. M. & S
360,000
1,000
40 1893
450,000 £ er an. J. & J Phila., 237 So. 4th St,
100
10
A. & O. N.Y.Mer.Ex.Bk. & Bost,
6
3,500,000
118 1880 500 &c.
A. & O.
6
999,750
1880 100 &c.
St. Albans, Vt.
J. & J.
4
334,000
1,000
1888
F. & A. Boston Security Co.
6
759,500
__
Ogdensburg, N. Y.
J. & D.
5
100,000
9 1889
........
1,000
2,000,000
5 g. J. & D. N.Y., Central Tr. Co.
169 1886
do
do
1,000
2,598,000
5 g. A. & O.
208 1887
do
do
1,000
300,000
33 1890
6 g. F. & A.
300,000
1,000
12 1892
6 g. J. & J, New York or Phila.
Central Trust Co.
3,629,000
1,000
208 1881
6 «• J. & D, N. Y.,do
do
1,000
2,542,000
4 g. M. & N,
1889
July, ’93, coup, last pd.
J. & J
1,000 i 2,394,600
108 1886
ñ5 gg’ J. & J
do
do
(
.
1,000
108 1888
Boston, Office,
i text Q.—J.
100 14,178,600
do
Various
6
3,600,000
. . . . ’75-6-7 1,000
do
1,000
200,000
4*8 J. & D.
. . . . 1882
do
1,000
498,000
4*a A. & O.
. . . . 1884
do
J. & J.
4
4,250,000
. . . . ’84-’8S 1,000
do
F. & A.
4
___ 1894 l.OOO&c 2,500,000
Boston, N. E. Trust Co.
J. & J.
5
1,000
1,912,000
125 1880
Boston.
500.000
1893
Boston.
225.000
* * J. & J.
Ï5 1892
. . . . 1893
(?) ■
149
386
Jan. 1, 1933
Jan. 1, 1907
Oot. 1, 1938
Aug. 1, 1944
July 5, 1894
Mch. 1, 1897
Moh. 1, 1923
July, 1894
Apr. 1, 1920
Apr. 1, 1920
Apr. 1, 1920
Aug. 1, 1909
June 1, 1919
June 1, 1936
Apr. 1, 1937
Aug. 1, 1920
July 1, 1922
June 1, 1921
May 1, 1921
July 1, 1926
July 1, 1938
Oot. 1, 1894
1895-’96-’97
Deo. 1, 1897
Apr. 1. 1904
1904 * 1938
Feb. 1, 1924
Jan. 1, 1910
1903
Jan. 1, 1912
538. 8 7 3 ; V 58, p. 86 4 .)
Ohio Southern.—(See Map)—Owns Springfield, O., to WeUston,
118 miles, and (»ranches, 40 miles ; extension from Springfield to Lima,
68 miles (completed in Dec., 1893); total, 226 miles. Wellston exten
sion, 9 m iles, about completed. Lines from Springfield to Columbus
to connect with the Clev. Akron & Columbus proposed. In October,
Total net ino......$10,487,929 $11,343,683 $11,748,312 $11,152,723 1894, the Columbus Lima & Milwaukee Ry., pro)ected from Lima to
Defiance, Ohio, was leased and the first mortgage bonds are to be
Interest on bonds...
$5,115,752 $6,247,074 $6,901,956 $7,092,160
uaranteed. S“e V. 59. p. 651. Line from Jeffersonville to Lebanon,
Rentals. . . . . . . . . . . . . .
1,424,021 1,362,114
1,230,214 1,198,333
Guarantees..............
1,333,008
1,014,698
1,086,908 1,453,972 Ji miles, was about half completed in October, 1894. This will give
Pay’nt®, other lines.
144,630
387,365
394,953
519,423 an entrance into Cincinnati vlaCin. Lebanon & No. (V. 59, p. 739.)
Dividends................(3) 1,112,732 (4)1,472,466 (2) 731,862
........ .. In June, 1894, the Ohio Southern and Clev. Akron & Col. had been
Sinking funds.........
301,918
73,600
1,188,018 1,117,537 brought under one management. (V. 58, p. 1035.)
Stock, Etc.—Stock authorized, $5,500,000; outstanding, $3,840,000;
Miscel.(gen. int.,*o.)
108,708
348,078
111,375
660,552
par $100. Ari increase of $2,500,000 in the capital stock was voted in
Balance, surplus„ . .
$947,159
$438.288
$103,026def $889,254 April, 1894. Traffic principally bituminous Coal.
B onds. - B oth the first and the general mortgage are to the Central
_ry, 57, p. 22, 91,180.299,341,376,423,469,511, 548, 556, 596. 639,
6 8 2 . 684^ 7 0 4 , 723, 765, 809, 854, 939, 979, 1040, 1083,1123; V. 58, Trust Company, as trustee. The first mortgage is limited to $4,000,000
p . 127. 178, 223, 264, 383, 431, 513, 550, 637, 682, 716, 903, 941,942, at $15,000 per mile of completed road. In May, 1894, issue of
987,1035,1099,1109; V. 59, p. 26,28,70, 115,116,152,153,192. 319, $8,000,000 fifty-year 5 p. c. gold bonds was authorized to redeem
prior bonds, etc. In 1893-94 $1,302,000 first 6s were issued for Lima
332, 473, 515, 551, 601, 651, 6 9 4 , 697, 738. 781, 836, 878, 894.)
Northern Pacific T erm in al C om pany.—Owns terminals on extension, etc. In Sept., 1894. $172,000 issued for Port William exten
the Willamette River, Ore., at Portland,East Portland and Albina, com sion, 14 miles. April 30,1894, there were $217,564 loans and bills pay
able and $255,000 car trust 6s, due part yearly.
prising lands 270 acres, trackage 24 miles, dock frontage 7,904 feet.
E arnings .—3 months, ) 1894........... gross, $208,433; net, $120,369
L ease .—Leased for fifty years from Jan. 1,1883, jointly and severally
July 1 to Sept. 30.
51893....... ..gross, 150,198; net, 75,430
to Northern Pacific, Oregon Ry. & Navigation and Oregon & California,
with guaranteed rental to pay interest, sinking fund and taxes. Great
A nnual R eport .—Report for 1893 in Chro nicle , V. 59, p. 330.
Northern Ry-Co. in August, 1894, arranged with Oregon Ry. & Nav. Gross earnings were $702,360; net, $370,454; interest on bonds, $24 V
880; surplus, $128,574. In 1892 gross, $711,541; net, $362.049 —(V.
Co. to run trains into Portland.
STOCK.—Stock ($3,000,000) owned by said three companies (40 p. c. 56, p. 206, 331, *62. 700, 973; V. 57, p. 1 43, 299, 376, 596, 765, 894;
by Oregon Ry. & Nav. Co., 40 per cent by No. Pacific ana20 per cent by V. 58, p. 513, 683, 904, 1035; V. 59, p. 3 3 0 , 476, 651, 739.)
Ohio V a lley.—Completed from Evansville, Ky., via Prinoeton on the
Oregon & Cal. RR.), and held by Central Trust Co. of New York, to be
delivered after payments to the sink, fund, which is to cancel the bonds Chesapeake Ohio & Southwestern, to Hopkinsville, 130 miles, of whloh
B onds .—The first mortgage is for $5,000,000. The sinking fund began 21 miles, Princeton to Gracie, is leased; branches, 9 miles.
Organization , E tc .—Stock is $2,162,200 (par, $100), of which in
in 1893, and is to retire the bonds by maturity, bonds being drawn at
110 and interest. The Jan., 1894, interest was paid at maturity, but 1891 $1,297,500 was purchased by the Chesapeake Ohio & Southwest
owing to default of Oregon Ry. & Nav. in its share of the rental, the ern, which guaranteed, the bonds by endorsement. See V. 52, p. 9 ,4 .
Due C. O. & S. W. July 1,1892, $254,103. The general mortgage trus
July coupons were not paid till Sept. 10,1894. (V. 59, p. 28,423.)
N orthern R a ilw a y Co. (C alifornia).—This was a consolida tee is Central Trust Co. In Deo., 1893, John McLeod was appointed re
tion in May, 1888. Owns 390 miles of railroad, leased for 99 years from ceiver. Application to foreclose made in Feb., 1894.
E arnings .—In 1892-93 gross, $358,526; net, $7,661. In 1891-92
July 1,1888, to the. Southern Pacific Co. Lessee pays fixed charges
and 6 p. o. on stock, if earned, and retains surplus.
gross, $279,588; net, $18,887. (V. 54, p. 800; V. 58, p. 264.)
The Capital stock authorized is $21,000,000; issued $12,896,000, all but
Old Colony (m ass,)—Owns road from Bo-ton to Provinoetown,
$195,300 being owned by Southern Pacific Company. In 1893, gross, Mass., Newport, R. I., etc., 495 miles; leases, 108 miles; total operated,
$2,439,927; net, $892,118, against $1,159,725; other income, $94,926: 603 miles. See S upplement of September, 1894.
surplus over charges in 1893, $440,058.
L ease .—In 1893 leased to the New York New Haven & Hartford,
N o r t h w e s t e r n E le v a t e d .—Incorporated in 1893 to build an possession being given July 1,1893. About $5,500,000 of the stook
elevated railroad from the business centre of Chicago in a northerly was exchanged for New Haven stook. The lease pro vides for dividends
direction, with branches. Stock. $15,000,000. First mortgage is for of 7p. c. perannumon stocknotexohanged. See v. 56, p. 247,374. in e
$15,000,000 of 5 per cent bonds. V. 59, p. 651.
Old Colony Steamboat stock for $1,200,000 was mostly e>coHanged for
N o r w ic h & W o r c e s t e r .—See Su pplem ent of September, 1894.
stock of the Old Colony RR. Co. Dividend due in July, 1894, on
steamboat stook was not paid. The Steamboat Co. in November,
Q c o n e e & W e s t e r n .—See Supplem ent of May, 1894.
1893, sold $500,000 of 10-year 5 per cent gold bonds for new steamers.
Stock, E tc.—An increase of stook from $12,000,000 to $15,000,000
Ogden M in e.—Owns from Nolan’s Point (Lake Hopatcong) to
Sparta (or Ogden Mine), N. J., 10 miles. Leased for 999 years from was authorized in Nov., 1889, and on Sept. 27,1892, a further issue
Jan. 1,1882, to Central RR. of N. J. for 5 p. o. per annum on capital was authorized in order to raise the grade of Boston & Providence
track for four miles, as ordered by the Legislature. In Aug., 1892, $200,stock and $500 yearly for organization expenses.
Ogdensburg & Lake C ham plain.—Owns from Rouse’s Point, 000 stook was issued; in Jan. and Mar., 1893, $400,000 more was sold
N. Y., to Ogdensburg, N. Y., 118 miles, and leases branch, 9 miles. On at auotion. In Sept., 1894, $200,000 of stook was sold to pay for
June 1,1886, leased in perpetuity to the Central Vermont RR. Co. for Dover St. bridge and other improvements.
Floating debt aftir deducting cash assets June 30,1894, $556,554,
inter est on bonds. Stock, common, $3,077,000 (par, $100), of which
11,591,000 Is owned by Central Vt.; preferred, $500. On June 30,1894, there were also $200,000 of 5 per cent notes.
The total amount to be capital-zed under the lpase, having been
oans and bills payable, $60,000.
spent for improvements and additions to June 30,1894, was $o72,oo8.
E arnings .—For year ending June 30, 1894, gross, $781,090; net, In 1894 $2,500,000 4s of 1924 were issued.
$220,565; deficit under interest, etc., for year, $4,650. In 1892-93,
D ividen ds since 1881—In 1 8 8 2 ,6 ^ ; 1883 to
*?'
gross, $850,176; net, $216,747.—(V. 56, p. 375; V. 57, p. 594,1040; V. olusive, at the rate of 7 per cent yearly; in December, 1891 ^ividends
58, p .3 8 4 ,1110; V. 59, p. 371.)
changed to quarterly), 2910 per cent; in 1 892,7; in 1893, Maroh, 1%
Ohio R iv e r.—(S e e M a p ) — R oad .—Owns from Benwood, opposite per cent; June, 213; thereafter 1% per cent quarterly under the lease.
Wheeling, west Va., to Huntington, West Va., 211 m iles; trackage into
A nnual KBrOKT.—neuui t
1892-93, in V. 57, p.
Statement
ANKUAL R eport .—Report for jLot7*/-ciA *u v. v •* p* 546. -----—r . r
j,
Wheeling, 3 miles; leases Huntington & Big Sandy Railroad (opened for year ending June 30,1894, in V. 59, p. 512. Operations since July
early in 1893), Huntington to Kenova, West Va., on the Norfolk & 1,1893, are included in N. Y. N. H. & H. report. (V. 57, p. 469. 5 4 6 ,
Western’s new line, 12 miles; operates Ravenswood Spencer & Glen- 556.1084; V. 59, p. 512.)
ville Railway, Ravenswood to Spencer, 33 miles; total, 259 miles.
O m a h a B r id g e * T e r m in a l R y .—This company owns and
STOCK.—Authorized, $6,000,000; outstanding, $5,915,430; par, $100. operates a double track steel railway bridge across the Missouri River
B onds .—Trustee of the first and the general mortgage is the Fidelity between the cities of Omaha, Neb., and Council Bluffs, la. Amo a
Ins. Tr. & Safe Dep. Co. of Phila. The R. S. & G. mortgage is for $400,- line of railway between Omaha, South, Omaha and East Omaha, Neb.*
000. On June 30,1894, car trusts, principal and interest, amounted to and Council Bluffs, la. At present it has in operation 39 miles of track
$23,079; bills payable, $317,500, and in treasury were $402,000 of the and has In contemplation large additions. It has connections with all
$3,000,000 general M. 5s and $132,050 Hunt. & Big Sandy 6s.
the leading railroads reaching Omaha.
.<
. . . . , __... „ .
The mortgage of 1893 covers the bridge at Omaha and the lands and
E arnings .—On 215 miles,) 1894......gross, $514,591; net, $198,073
other property of the bridge company.
Jan. 1 to Sept. 30, 9 mos. J1893........gross, 596,951; net, 232,744
Of the total charges ($11,915,039) the Court has authorized payments
o f $6,347,131. Income and charges were given in detail in V. 59. p.
694. For previous years the income account has been as follow s:
Yrs. ending June 30.
1890
1891.
1892.
* „4 8 9 3 .
Other income, * o . . . $1,341,172 $1,593,135 $1,664,204 $2,166,727
?
HO
INVESTORS*
SUPPLEMENT.
[You Lix-
N o v e m b e r , 1894. j
r a il r o a d
sto ck s
and
bo n d s.
Ill
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these T a b les.
RAILROADS
Bonds—Princi
INTEREST OR DIVIDENDS.
Size, or
pal, When Due.
Amount
For explanation of column headings, «fee., see notes
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Value.
Cent Payable
Whom.
Dividend.
Omaha < St. Louis—1st mortgage, gold................o
6
145 1887 $ 1,000 $2,717,000
J. & J
In default,
Jan. 1, 1937
2d mortgage ($4,000 per mile) gold................... o
'4 g* J. & D
145 1890
1,000
51,000
do
May 1, 1940
Fund. Int. certs, sec. by 1st M. coups., red. at 100
1891
271,700
5 g" J. « s J,
S
do
Jan. 1, 1937
Oregon d Cal.—lstM.,g.($30,000p.m.)dr’natlOO.c* 596 1887
k
1,000 18,707,000
5 g. J. & J, N. Y., South Pacific Co. July I, 1927
Oregon Improvement—See Miscellaneous Compan IES.
Oregon Pacific—Receiver’ s certificates...................
850 ,000
8
A. & O, Apr., ’92, coup, last pd....................
1st mort., land grant,s. f., g.,$25,000p. m _ c*&r 136 1890
_
1,000 15.000 ,000 ß
6 g- A. & O. Apr., ’90, coup, last pd. Oct. Ï , "Ì900
Oregon Railway & Navigation—Stock............
100 24,000, 000 6 per an Q .-J .
See text.
Oct. 2, 1893
Receiver’ s certs., ($500,000 are prior to 1st M.jl.
1894
(? )
1st mort. bonds, gold, sink. fd. (drawn at 100). c 819 1879
Lobo 4,940,,000
J. « s J. July, ’94, pd. Aug. 1,’94 July 1, 1909
S
Consol, mort., gold, $25,000 per mile (see text)c&r 819 1885
T g- J. «S D. June, ’93, coup, last pd. June 1, 1925
1,000 12,583;,000
s
Collateral trust, gold, redeem able at 105........ c*
223 1889
£ g1,000
5,182;,000
S
5 g. M. « s S. Sept.,’93, coup, last pd. Sept. 1, 1919
Oregon Short L. d U. Nor.—Stock, $27,000,000auth.
k
100 26,244,,853
Ore. Sh. L. 1st M., prin. gold, int. lawful money.c*
1882
1,000 14,931,,000
"é'
F. « s
S
Feb.’94,cou. p’dMar. 19 Feb. 1, 1922
Utah Southern 1st mortgage, currency.. .
1870
1,000
424,,000
7
J. « s
S
Jan., ’94,coup, last paid A t Co.’s option
Utah So. mort., S. Lake to Juab (for $1,950,000) .o 105 1879
1,000
1,526,,000
7
J. « s
S
do
do
July 1, 1909
Utah South. Extension., 1st M., Juab to Frisco.c 138 1879
1,000
1,950,,000
7
J. « s
S
do
do
July 1, 1909
Utah & Northern 1st mort., $12,000 per mile c
1878
1,000
4,995,,000
7
J. « s
S
do
do
July 1, 1908
Consol. M.,guar., $15,000 p. m.,s. f.not dr’n,g.c
489 1886
1,000
1,831 ,000
J. &
do
do
July 1, 1926
Equipment bonds ($35,000 payable yearly)....
1887
1,000
107 ,000
S* A. «S
s
See text.
Apr. 1,yearly.
Idaho Central 1st mort. Nampa to Boise C ity. c
"Ï9 1887
1,000
131 ,000
6
J. « s
S
Ja-i., ’94, coup, last paid Jan. 1, 1917
Con. M., see text, gold, red. at 105..................... c 1,482 1889
1,000 10,895: ,000
A. &
Ort., ’93, coup, last pd. Apr. 1, 1919
Collateral trust, gold (redeemable at 105) guar.c
1889 500 &c. 13.000 ,000
£ g.
S
Sjpt.,’93, coup, last pd. Sept. 1, 1919
5 g’ M. « s
Oswego d Rome—See Rome Watertown & Ogden 8BDRG
k
Oswego d Syracuse—Stock, 9 p. o. guar., D. L. & W.
k
35
50
1,320,400 9 per an. F. « s A. N. Y., Del. L. & W. RR, Aug., 1894
S
Consolidated mortgage (guar. D. L. & W.)............
35 1876
1,000
438.000
7
M. « s S.
S
do
do
Mch. 1, 1907
Construction M., guar.pnn. & int. (for $1,000,000)
35 1883
1,000
668.000
5
M. « s N. N. Y., Farm. L. & Tr. Co. May, 1923
S
Owensb. Falls of Rough d G. Riv.—Old 1st mort
k
560,000
5
Consol, mortgage, $20,000 per mile, gold.............
1892
See text.
1943
Owensboro & Nashville—1st mortgage, gold.
c*
I g- M. < N.
88 1881
1,000
2 , 000,000
fe
N Y., 120 Broadway.
Paducah Tenn.dk Ala.—IstM., $20,000p. m., goidc* 118 ’90-’92 1,000
£ g- J. < J. Jan., ’94, coup, last pd. Nov. 1, 1931
2.432.000
5 g.
fe
July 1, 1920
Tennessee Midland 1st M., gold, interest guar.. c* 135 1892
1,000
1.491.000
fc
5 g. M. < N. May, ’93, coup, last pd. May 1, 1922
2d mortgage, gold, interest guaranteed..........c* 135 1892
1,000
1.220.000
5 g. I* A J. July. 1893, last paid. July 1, 1922
i O m a h a & St. L o u is .—Owns Council Bluffs la., to Pattonsburg, Mo.,
A nnual Reports —Union Pacific reports have shown:
144 miles. In June, 1893, John F. Barnard was appointed receiver.
Gross
N et,incl.other Interest
Dividends,
On March 2,1894, the first mortgage bondholders’ committee, W.
Darnings.
income.
on bonds.
Emlen Roosevelt, Chairman, reported that $450,000 would be neces Year.
etc.
D eficit.
$863,812 $1,184,650 $1,671,620 î 1 992,458
sary to place the road in an independent position. V. 58, p. 384 De- ]§93........$3,868,113
? o 8‘Biry for first mortgage bonds is N. Y. Guaranty & Indemnity Co., 1892........ 4,831,793 1,321,929 1,076,461
1,809,909
1,564,441
1891........ 5,673,172 1,726,046 1,070,367
59 Cedar St., N. Y. Receipts listed on N. Y. Exchange. V. 59, p. 291.
1,782,628
1,126,949
1890........ 4,954,711
908,336 1,016,456
1,681,070
1,789,190
zation Plan.—The bondholders’ plan issued under date o
Oct. 30,1894, was given in V. 59, p. 836. The plan calls for the issue
V. 59
7
of new securities as follows : (1) First mortgage 5 p. c. (“ prior lien” ) ^ < i , 5153P '9 2 1 ° ) 1 ,0 4 ° ’ 1*0 8 4 ’ 1 ,1 2 3 ; V - 5 8 ’ p * 9 4 2 ’ 1 0 3 5 ’ 1 1 1 0 ’
œin
<£&t™0’000 f2r equipment and betterments. (2) F ik t consol 4s,
" V
, I i I ne * 1 ta ?* N o r t h e r n ,—(Nee Map Union
f M $1,952,900 m trust for new $ rst 48 a£ par- stock. (4) mortgage Pacific.)- j R o a d .—Owns road from Granger, Wyoming, to Huntington.
1
3>
3s, ^ 8à^>0QnneiXC? aDÇei ÎOr old first preferred < General First pre
J “1168; hruu®1 Shoshone to Ketchum, Idaho, 70 nnles;
1
ferred 5 p. c. non-cumulative stock, $1,952,900 for old firsts (in addiI® MoCammon, Idaho, 111 miles; Pocatello to Silver Bow, Mon
âbove>
°H semnd 5s. (5) Second preferred tana, 256 miles; Lehi Junction to Tintic, Utah, 54 miles; Ogden, Utah,
$444,100 for otd preferred at 1 for 5. (6) Common stock $463,000 for to Frisco, 275miles; sundry branches, 117 miles (of which 40 miles
old common at 1 for 5.
Ta^ 0 i^ gauf ^ ; f 0*?!’ 1>425 miles. Also owns but leases to the Montana
T 1D
Stock .—Pref. 6 p.c. non-cu., $2,220,500; com., $2,313,000; par, $ 100 ., Union Ry., Silver Bow, Idaho, to Butte, Garrison, Mont., etc., 5 7 miles
Also leases and controls the Ore. R. & Nav. Co., which see above.
T ,o 2 iD? ^ f ive C0UP0nsJ 0 Jan 1,1893, were funded. Interest due,
July 1,1893, was not paid. Abstract of mortgage, V. 45. p. 213 Bills
in 1889 by a consolidation of the Oregon
payable July 1,1892, $50,212.
*
Short Line, the Utah Northern and other lines. It is controlled bv the
Union Pacific Railway Co, which operated it under a traffic agreement.
E arnïngs.—From Jan. 1 to Aug. 31,1 8 94 (9 mos.), gross. $259 373
1
6’ 1894. the receivers of Union Pacific,
n W v 2 u ? 00 183 3. For year 1892-93 gross, $608,468 against
$575,310 in 1891-92 ; net, $97,171, against $75,673.— (V. 59, p. 28,291.) Messrs. Clark, Mink, Anderson, Coudert and Doane, were appointed
receivers for Oregon S. L. <; Utah Northern.
&
Ÿ C aÎÎÎo r n I T From Portland, Ore., to California’ State
—
Coupon Payments^ Of the coupons due Jan 1,1894, those held by
miles; Aibany Junction to Lebanon, 12 mUes; Portland to
Corvallis, 97 miles; Woodburn to Natron, 93 miles; purchased in 1893 ttie public were paid Feb. 19,1894, by Union Trust Co., N. Y., or Union
Oregonian RR. and Portland < Yamhill RR.; Portland, Ore?, to Airlee
fc
Boston. Receivers have applied to court to pay
Ore., and branch, 86 miles. Total, 653 miiA«,
’
those held by U. P. Company. Oregon Short Line interest due Feb. 1,
1894, was paid March 19. Utah & Northern equip, trust 5s, int. and
L ease , E tCj—Leased to Southern Pacific Co. for 40 years from Janu
ary l , 1887, the lessee guaranteeing interest on the bonds, and the lessor sinking fund due April 1, 1894, was paid May 21, 1894. July and
£?ceivl? g , any net jr . rat and being charged with any deficit after pay- August, 1894, coupons of the several loans were not paid at maturity,
ment of charges. Betterments are payable by lessor. Pacific Improve
$27,000,000 (par, $100) ; outstand^6,244,853, of which Union Pao. Jan. 1 ,1894, owned $15,116.703
^
ment Co. owns the bulk of its $19,000,000 stock, $12,000,000 of which
pledged as part security for the U. P. collateral trust notes of 1891 ^
is 7 p. c. pref.; par is $100. Due So. Pac. Co. Jan 1,1894, $94,394.
FLOATiNG D ebt. -J a n . 1,1894, $5,878,674, of which $3,389,858 due
BpNDS.—Laud grant was about 4,000,000 acres, part of which is cov
-Company’s bonds, $1,567,011; accounts receivable,$251.ered by the mortgage, proceeds of land sales going to redeem bonds drawn 'Srfs ^ssets—
at par, unless purchasable lower. Trustee of mortgage, Union Trust
debt’ $4’059>677, against $3,306,220 Jan. 1 ,1893. Of
Company, New York. The Southern Pacific guaranty of principal and the $10,895,000 consols outstanding Jan. 1, 1894, $1.501 000 w e r e
priated 011 ®
ack°.£ the 5 per cents. In 1893 net land sales pledged with U. P. as collateral for advances, with power to sell.
subject to mort, were 19,224 acres for $64,577; cash receipts, $21,900.
Com m ittees .— Oregon Short L ine first mortgage 6
*—
E aanings.—In.1893 gross earnings were $1,863,140 ; net, $569.691 Committee: R. C. Martin, Chairman, 50 Broadway,N. Y.; JohnBige•
(against $484,929 m 1892); fixed charges, $1,012 523- deficit for low, Cyrus J. Lawrence, Bernhard Mainzerand Gordon Abbott; Sec
retary, G. P. Butler, 54 Wall Street, N. Y.; depositaries. Central Trust,
year, $442,833.-(V. 56, p. 165; V. 57, p. 169; V. 5*7 p. 384.)
and Old Colony Trust, Boston. In Nov.,
firsts
t ^
e£ ° n*PB C‘ J?*kT°W irom Yaquina to Detroit, Ore., 138 miles. had been deposited. V. 59, p. 28,117,192, 319.1894, $7,506,000 nrsi»
ao
118
v
Land grant of 850,000 acres was subject to a lien of $600,000.
Consolidated 5s of 1919 and collateral trust 5s of 1919—Committee:
be® ordered for Dec. 22,1894, at Corvallis, Oregon. 8. Endicott Peabody, Chairman: W. G. Oakman, W. S. Fitz, George C
n
Receiver is F. L. Hadley. Stock is $30,000 per mile.
Lee, Howland Davis, Barthold Schlesinger and Francis S. Bangs; SecEarnings. - I n year 1891-92 gross, $117,339 ; deficit under operating
w
dordan* Exchange Building, State Street, Boston; deposiexpenses, $80,465. Office, 45 William St., N. Y. (V. 57, p. 723 108^ taries, N. Y. Guaranty & Indemnity Co., N. Y., and Amerioan L. & T.
1123 ; V. 58, p. 431, 774, 988 ; V. 59, p. 153, 880.)
*
’ go ., Boston. A committee formed in Amsterdam will also work in
M N a v ig a t io n .—(¿fee Map Union Pacific.)— harmony with this committee. Y. 59,p.71.
B onds.—The Oregon Short Line 6 cover the main line from Granger.
s
S B Æ ïïEa8t4 itl^'n“ ’ .0 î eA„ to Huntmgton, Ore., 403 miles ; branches
.PP1
’
^ ï al Jan‘ J» 1893,1,059 miles, of which 13 miles narrow ^ y? ” ito Huntington, Ore., and branch to Ketchum, Idaho. Of consol•
gauge 269 miles are mon rails. Ocean line to San Francisco, 670 miles. idated mortgage <Jue 1919, trustee is Amerioan Loan & Trust Co, Ab
stract of mortgage V. 51, p. 242.
fo r9 ? years from Jan. 1,1887, to the Oregon
i ?llf t ral tru£ bonds of 1889 are secured by deposit of $13,A
?^ e rtBine * Utah Northern RR.; rental 6 per cent per an. on stock and nnoinnC
interest on bonds. This lease (see abstract V. 45, p. 539) was guaranteed 000,000 of Oregon Ry. & Nav. stock. The Union Pao. guaranteed both
by the U. Pac. Oregon Short Line owns m ajorityofstock .V ? 5 9 ? p 291 principal andinterest of the collateral trust bonds. Trustee is Ameri
can Loan & Trust Co. of Boston. See mortgage abstract, V. 51, p. 243.
Receivership, E tc. In J une, 1894, E. McNeill was aonointed
E arnings , 9 months, ) 1894..„..g r o s s , $3,678,833; net, $1,026,17$
separate receiver. V. 58, p. 1110. Of the $750,000 reIeiverW rtift
Jan. 1 to Sept. 30, >1893........ gross, 4,518,817; net, 1,707,543
cates authorized, $500,000 are a prior lien to 1st mortgage and issued
for repairs, etc.; $250,000 are subject to 1st mortgage. V. 59, p. 153. . ^V™ual R eport .—Report for 1893 showed as follows. The charges
^9u.PbN Payments.—Firsi mortgage interest due July 1,1894, was m.1893 do uot include any sum due Un. Pao. for carrying the floating
8
paid Aug. 1 at N. Y. Security & Trust Co. December, 1893, consol, mort debt, the annual expense for which was about $200,000:
Tear ending December 31
1891.
1892.
1893.
gage coupons were not paid, but in March, 1894, Deutsche Bank?BotUii
Average miles operated...............
1,422
l 425
announced that it would purchase them.
’
1,425
«
Committees.—Consolidated bondholders’ committee- Gross earnings...............................$7,574,456 $7,201,200 $5,861,634
2,670.122
Alfred S. Heidelbach, 29 William Street, N. Y., Chairman W T Bull’ Neteams.(afterdeductingtaxes). 2,783,914
2,078,540
fe
848,049
842,400
630.945
George Coppell, Charles S. Fairchild and À. Marcus, with Howard c ! Bjvhiencls Ore. Ry. < Nav. stock.
Other income from invest., eto...
187,603
183 735
Tracy, Secretary, 41 Wall Street, N. Y. Depositary N Y Security
66,789
Trust Co., 46 Wan g* N Y. V. 57, p. 98 0 ,1 0 % , 108^. V 58?p 942
Total net income..................... $3,819,566 $3,696,257 $2,776,274
Coll, trust bondholders’ committee : J. Crosby Brown James Jackson
Interest on bonds.......................... $2,849,854 $2,804,627 $2,794,726
and Robert Fleming ; depositary, U. S. Trust Co., N. y ! V. 59 p. 71.
217,458
M inority Shareholders' Committee is composed « f Henrv R Reed Sinking fund...............
220,497
220,390
Chairman, Thomas L. Livermore and Joseph S. Fay Jr
^
’ Loss onTsedlin’s(O.Ry.&N.syst’m) 1,126,949
1,564,441
1,992,459
Miscellaneous.................................
34,411
There is also a Berlin committee ; address, Deutsche Bank, Berlin.
cr.73,526
cr.486
^ ^ ^ X ~ Fi rst J^ortgagc has a sinking fund ($116,000 in 1892) to
Ba}auc. - - - - - - --------- - - ........- - df. $409,106 df.$819,781 df. $2,230,815
e
b% » ° ^ ds &trust abstract, V. 51, p. 243. them at par on January 1.
or Vel^ 110’ ° r ® 8e *?aw
—(V. 54, p. 7 1 9 ; Y. 56, p. 247; Y. 59, p. 28, 71,117, 192, 423, 880.)
Collateral
y
O s w e g o & S y r a c u s e .—Owns from Oswego, N. Y., to Syracuse, N.
Floating Debt on Dec. 31,1893, was $1,569.468, of which $1 094 Beased in 1868 during
charter and renewal
9« !
p, ^?ble and $469,489 coupons unpaid. Assets, $ l ’l60,’- X*»35 PFtu Delaware Lackawanna &length ofRailroad Company for
a
thereof to the
Western
284, including bills and accounts receivable, $1,120,932.
v
Q per cent per year on $1,320.400 stock and interest on bonds.
E arnings.—6 months,) 1894, gross, $1,228,691; deficit, $176.947.
Jan. 1 to June 30, 5 1893, gross, $1,855,510; net, $339,918.
18^4?lulpLErMENTa118 ° f ROUgl1 * G re e n K * ™ r .—See July,
112
INVESTORS’
SUPPLEMENT,
[V ol. U X,
N o v &m ber , 1894. J
RAILROAD STOCKS AND BONDS.
113
Subscribers w ill confer a great fa v or by g iv in g Im m ediate notice o f any error discovered In these Tables.
RAILROADS.
Miles Date Size, or
For explanation of column headings, &c., see notes of
of
Par
on first page of tables.
Road. Bonds Value.
Panam a—Stock............................................................
$100
General M. for £800,000 sterling (See text).......c
1867
£200
Sinking fund subsidy bonds.,gold, drawn at 100.o’
1880 $ 1,000
Paterson A H u d .ltiv.-8tk., 8 p.C. rent. N.Y.L.E.&W
50
Paterson A Ramapo—Stock...................................... .
Pecos Valley—1st mort., gold, $8,000,000............ o'
89 1893
1,000
Pennsylvania—Stock...........................................
50
General mort. bonds, $1,000 and £200 each.’.c&r 568 1867 $ or £
< . .3 f Currency registered bonds........ .......r 568 1875
e
1,000
■ ’® e £ |Currency Coupon bonds.....................c
¡S 3
568 1875
1,000
geo »¡3 J Sterling bonds...................................... .. 568 1873-4 £200
,!> £ ® I Gold registered bonds......................... r 568 1879
1,000
§ « 3 0* Gold coupon bonds............................. c 568 1879
1,000
O ° ® ® (Gold sink, fund, 1 p. o., not drawn., c* 568 1893
1,000
Bonds (P. W. & B. stock as collat.) not drawn.. .r
1881
1,000
Navy Yard mort. (extended 20 years in 1881).. .r
1881
5.000
Collateral trust loan, gold, not drawn............... c*
1883
1.000
Equip. Tr. gold bonds (s. f. 5 p.c.) not draw n....o’1
1889
1,000
Penn. Car Trust (in series payable i ,0 yearly)___
1884-8 1,000
Penn. Equip. Trust (in series payable i 10 yearly).
’86-91 1,000
Penn. Rolling Stock Trust (1-10 payable yearly).
1892
1,000
Del. Ave. Market 1st mortgage............................ r
1889
5.000
Delaware Ave. Bloodgood property................... r
1892
1.000
Penn. RR. real estate purchase money gold M. c*<fer
1893
1,000
Pennsylvania Company—Stock...........................
50
Bonds, sec. by P. Ft. W.&C. stock (s.f.dr’natlOO).r
1877
1,000
Bonds, gold, sec. by pl’ge & guar, (not dr’n)..e*&r
1881
1,000
Car trusts.................................................................
Pennsylvania A Northwestern—Stock (see text)__ '.
62
5Ó
Bell’s Gap Extension 1st mortgage................... c*
24 1875
1,000
Consol, mort. (for $550,000) s. fund not dr’n.o*
24 1883 500 &o.
Clearfield & Jefferson 1st mortgage................... c*
38 1886 500 &c.
Penn. & N. W. gen, mortgage for $2.500,000... c*
62 1890 I 1,000
O w en sboro Sc N a s h v ille .—See Su ppl em en t , May, 1894.
D a d n c a b Tennessee Sc A la b a m a .—R o a d .—Owns from Padum
oa? i « Kyv
Junction with Tennessee Midland at Lexington,
I’enn., 119 miles, and operates the Tennessee Midland RR. from
Memphis, Tenn., to Perry vine, on the Tennessee River, 136 miles:
total, 255 miles. Extension of Tenn. Midland to Nashville proposed.
H isto r y .—Completed September, 1892. President W. L. Huse and
John Overton, Jr., were appointed receivers of both roads in ' lot., 1893.
STOCK authorized, $20,000 per m ile; outstanding, $2,432,000
B onds . - Car trusts Feb. 20,1893, $85.609. Nov., ’93, interest on Tenn.
went unpaid. Jan., 1894, interest on P. T. & a . firsts was paid
when due, tout July interest is in default.
E arnings .—On Paducah road proper from Jan. 1 to Aug. 31,1893
gross $207,766, against $129,207 in 1892; and on Tennessee Midland,
same period, $148,228, against $117,046. (V. 56, p. 502; V. 57, p. 765.)
P a n a m a .—R oad —Owns from Colon to Panama, 48 miles.
HiSTORY.-Completed Jan. 28, ’55. In June, ’ 81, 68,534 shares of the
stock was sold to parties interested in the De Lesseps Panama Canal Co.
The^contract (see V. 57, p. 145) with the Pacific Mail SS. Co. expired
June 15,1894, and was not renewed. The Panama Co. has chartered
three other steamers. V. 58, p. 1036.
48841 In 1885>10; in 1886 and 1887, nil; in 1888,
23; in 1889,9; in 1890,5; in 1891,5; in ’92, 2 p. c.; in ’93, Jan. 2 p. c.
•
holders’ right to extend the general mortgage bonds
issued in 1892 see Su pplem ent of January, 1894.
8 8
__®f the general mortgage 7s £94,200 were in company’s treasury in
Nov., ’94 and £132,600 in the sinking fund.
•
*
The subsidybooAa are secured by pledge of $225,000 a.nnm.i Subsldy payable by the U. 8. of Colombia to the company, and are drawn
and paid off on November 1, yearly, with any surplus of the subsidy not
000in^l894interest’ $90> 0 0 bonds being paid Nov. 1,1893, and $97,0
A nnual R epo rt .—The report for 1893 in Ch ronicle , V. 58, p. 593.
gross fa c in g s of $1,047,010, against $1,435,990 in 1892; net,
fi: 1o’no *Lagain8t
other income, $367,114, against $332,752.
IJ1893 there was a deficit of $18,570 under interest, sinking fund and
^ c r o h a r g e s , against a surplus of $182,816 in 1892. (V. 55. p. 374
503, 723, 996,1111; V. 56, p. 127, 375, 5 7 8 , 580 887* V 57 n 145
468; V. 58, p. 5 9 3 ,7 1 6 ,1 0 3 6 ; V. 59, p. 541.)
’
’ P‘
5’
T 1 oI u £ s o » t v e r . —Owns from Weehawken, N. J., to
&
£aterson,
13 miles, double track. Leased in perpetuity at $48,400
per year to New York Lake Erie & West., forming part of its mate line.
c,,i *atT r s o “ & R a m a p ° . —Owns from Paterson, N. J., to New York
e.
State Line, 14 miles, double track, part of main line of N. Y. L. E. & W
to which it was leased Sept. 9,1852, during legal existence, at $26,500*
f M e y W See Map.)—Projected from Pecos City, Tex., on the
• y£a the valley of the Pecos River, to Albuquerque, New
>
Mexico, on the Atchison Topeka & Santa Fe, about 340 miles; completed
I 894»
Pecos City to Eddy, about 90 miles; extension
to Roswell, 74 miles, completed in October, 1894; total, 164
miles. The mortgage of. 1893 (trustee, Mercantile Trust Co. of N. Y )
te for $8,000,000, o f w hich $1,116,000 were used to retire prior bonds.
Bonds may be issimd at $15,000 per mile. Stock authorized, $5,000,000; outstanding, $1,105,000; par $100. Earnings.—In year 1892-93
gross earnings $122,634; net, $30,035, against $13,526 in 1891-92;
charges, $7,274. J. J. Hagerman, President, Colorado Springs, Col.
—(V. 51, p. 458; V. 58, p. 637, 904; V. 59, p. 601.)
M an;—L ine of R oad —The Pennsylvania sys!?race8
8,800 miles of railroad, including all east and west
jfruvuF« A t toe. ° l° 8e o f 1893 the mileage operated east of Pitts*^2?’ on ^ ^ c h earnings as reported were based, was divided as
5 1™ 1 and branches, 1,591; Philadelphia &
1
5
w6;
of New Jersev and branches, 521;
total operated, New York to Pittsburg, with branches, 2,658.
Organization , Leases, &c.—The charter of the Pennsylvania Railted Af >ni to!*1? 46, The Pennsylvania Company controls
aB the lines west of Pittsburg and Erie, the Pennsylvania Railroad
Compamy holding all its stock. Control of Cresson Clearfield Co. &
"•Y * Short Route, Terre Haute & Indianapolis, Toledo Peoria & W.
^ “ Cleveland & Marietta was obtained in 1893, thus adding 965 miles
to the system. Piers 3 ,4 and 5 North River were purchased.
total cost of the stocks and bonds of other
Jr®!? hi ^ treasury was to January 1,1894, $118,686,409.
^ . wluch are pledged to secure Pennsylvania issues. Revenue
derived from these securities in 1893, $4,955,037.
STpCKj—Stock authorized by law $151,700,000: the amount
^ ^ d i n g h a s bee. increased from time to time, chiefly by sale at
n
par to stockholders, for new Acquisitions, etc. (V. 54, p. 447.) In 1893
stook was increased $2,496,550, making total Dec. 31, $129,271,050.
i c a o ’ £ lfl* in 18+4, 7’ to 1885 and m 1886, 5; in 1887,
ilQQ’ ^ p e rS?n tyearly5 to 1890, May, 512; in 1891
A ^ A 892’^ - ^ , 1893’ May>
Per cent in cash and 2 per cent in
Nov* CT er i e 1Ut° 8to°h 5Nov., 2ie p. c. cash; in 1894, May, 2 ^ p. c.;
2
Ronds—Prinoi
INTEREST OR DIVIDENDS.
pal, When Due.
Amount
Outstanding Rate per When Iwhere Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
$7,000,000 See text. Various N. Y., 29 Broadway.
Jan. 3, 1893
£800,000
7 g. A. 10AO. N.Y. Office & London. Oct. 10,1897
$2,055,000 0 6 « M. & N. N. Y., 29 Broadway.
•
Nov. 1, 1910
630.000 8 per an. J. & J. N. Y., 44 Exchange PL July 2, 1894
298.000 8 per an. J. & J. N. Y., 21 Cortlanat St. July 2, 1894
987.000
5 g. A. & O. N.Y., Mercantile Tr. Co. Apr. 1, 1943;
129,271,050 See text. M. & N. Philadelphia, Office.
Nov. 30,1894
19,997,820
6
See text Phila. Office & London. July 1, 1910
1.961.000
6
Q.-M. i j Philadelphia, Office.
June 15,1905
2.757.000
6
J.&D. is
: do
do
June 15,1905
22.762,020
6
J. & J. Phila. office and London July 1, 19053.498.000
Q.—M. Philadelphia, Office.
5 gSept. 1, 1919
1.500.000
M. &
S.
do
do
Sept 1, 1919»
6
3.000.
000 4 g- M. & N. N. Y., Farm’s L. & T. Co. May 1, 1943
g.
7.788.000
4
J. & J. Phila.,Pa.Co.for Ins.&c. July 1, 1921
1.000.
000 5
J. & J.
Phila., Co.’s Office.
Jan. 1, 1901
9.900.000
41flg. J. & D. Phila.,Provid’tL.&T.Co. June 1, 1913
2.728.000
M. & S. Phila., Gir’d Life &c. Co. Sept. 1, 1914
200.000
i g- Quar’ly. Phila.,Provid’tL.&T.Co. 1894 to 1 8 9 »
4.187.000
4
Q.—F. Phila.,Tr. S. Dep.&I. Co. 1896 to 1901
3.270.000
4
Quar. Phila., Gir’d Life &c. Co.
1902
300.000
43,o M. &8. Phila., 233 So. 4th St.
Mar. 1, 1909“
200.000
S.
Philadelphia.
4410 M. &
Sept. 1, 1912
1.675.000
4 g. M. & N. N. Y., Farmers’ L. & Tr. May 1, 192321, 000,000 See text.
Pittsburg, Co.’s Office. May 9, 1894
963.000
6
Q .-J . Phila., Tr. S. D. & I. Co. July 5, 1907
19,467,000
4 1 J. & J. N. Y., Nat’l City Bank. July 1, 1921
fig.
2,423,059
4
Various
Various dates.
2.250.000 See text. J. & J. Phila., Gu.Tr. & S. D.Co. Jan. 10, 1894
81,000
6
F. & A. Phila., 105 S. Fourth St. Aug. 1, 1905
148.000
6
A. & O. Phila., Gu.Tr. & S. D.Co. Apr. 1, 1913:
1,000,000
6
J. & J.
do
do
Jan. 1, 1927
645.000
5
J. & J.
do
do
Jan. 1, 1930
The consolidated mortgage of 1873 for $100,000,000 secures all theI consols equally, though issued at different dates; of the amount authora S g ta aurooient amount is reserved to retire the general mortgage o f
I8b7. it covers all the property and franchises of the company,,
i^htotog; its main line from Philadelphia to Pittsburg, and branches,,
being a tetal of 568 miles, partly four-tracked, together with real
estate and equipment. It is also a first lien on the company’s leasehold
interest in other railroad lines and canals, as well as on shares and
“ °Jto8 o i other companies of an estimated cash value of over $50.000.These securities produced in 1892 an income of over $2,600.000.
n o i?to g fuil(l for consols J an. 1,1894, held—Consols canceled, $1,771,9 80; other securities, *3.386,375.
’v *
*
The 4 p er cent lonn o f 1881 is secured by pledge of Philadelphia Wil
mington & Baltimore stock.
The collateral trust loan of 1883 is secured by the deposit of mortgage
bonds of subsidiary hues to the par value of $13,600,000.
8
The guaranteed securities are bought with 1 per cent of the net income
yearly, and $8,847,690 so purchased were held Jan. 1,1894.
PLEMENTN
ofBM a S h f l894F° r a U8t ° f the to0ndS guarante6d see Sup FiN^OES.—Mortgages and ground rents Jan. 1, 1894»
^ 99noo8nnA In May,.1893, w4
ere issued $1,675,000 real estate b o n is
w2*00°,p°p authorized) for pier property in N. Y. City and $3,000,000consol. 4s for other improvements ($6,000,000 authorized).
Latest E arnings.—Lines east of Pittsburg & E rie;
January 1 to ) 1894, gross, $42,244,640; net, $12,686,169.
Sept. 30 (9 mos.) 51893, gross, 50,303,951; net, 14,123,666
Lines west of P. & E.
Gross.
Het
Jan. 1 to Sept. 30 (9 mos.).. decrease, $5,253,782 decrease, $1,668,134
^Fiscalyear ends Dec. 31. Annual meeting is held
S ’ Rmladelphia on second Tuesday in March. The report for 1893 was
in the Chronicle, V. 58, p. 411, 428, 431, giving full particulars.
EARNINGS ON ALL LINES BOTH EAST AND WEST OF PITTSBURG AND b b t h .
Tear ending Dec. 31—
1891.
1892.
1893
®™ ^®arnings...................... $134,254,613 $138,974,520 $135,0591787
91,819,660
98,352lo83
95l49l )553
Operatingexpenses.............
Net ea rn in g. . . .
$42,434,953 $40,622,437 $39,568,229»
income account has been as follows, the ft. net income ” given in
the first line being the amount of income after deducting interest paid.
INCOME ACCOUNT OF PENNSYLVANIA RAILROAD COMPANY.
Tear ending Uec. 3 1 « « « iuwrnc a till1 . J K iiiv n
1 tiJ
Net income Penn. RR.. Div’n
Net loss or gain on N. J. Div.
Loss on Pitts. & Erie D iv...
1891.
1892.
1893.
$12,257,432 $10,794,260 $10,296,248
—276,456
—299,199
—194,5299,135 profit 10,849 profit 14,718
Balance of income........
Payments—To trust fund..
Consol, mortgage redeemed.
AUegh.VaLRR.Co.—Deflc’y
Extraordinary expenses... .
$11,971,841
98,622
324,780
274,062
1,510,758
Balance to credit of income
Dividends............................
$2,208,222
$1,677,096
$2,804,820
9,763,619
8,828,814
7,311615
(6) 7,495,598 (6)7,606,456 (5)6,400,508
$10,505,910
89,179
324,780
.............
1,263,137
$10,116,435
73,855
324,780
242,975
2,163,210-
To credit of profit and loss.
Bal.in set’m’t of claims, &c.
$2,268,021
+49,019
$1,222,358
+904,669
$911,107
+1,640,673
Balance..........................
$2,317,040
$24,334,833
$2,127,027
$26,461,860
$2,551,780
$29.013.641
Bal.profitandlos8Dec.31.
Deduct scrip dividend.......
.........
.............
$2,535,496
—(V.56, p. 4 3 ,3 9 3 , 4 1 2 , 4 1 5 ,5 0 2 ,5 3 8 ,7 1 1 ,7 5 3 ,7 8 2 ; V. 57, p. 3 .6 1 »
721, 874, 979, 980,1099,1123 j V. 58, p. 4 1 1 , 4 2 8 , 4 3 1 , 781.)
Ite n n sy lv a n ia . C om pa -n y.—Chartered in Pennsylvania April 7,
1870, and operates all the Pennsylvania’s leased lines west of Pittsburg.
Its stock is owned by the Pennsylvania Railroad, On Deo. 31,1893, the
Pennsylvania Company owned sundry bonds having a par value o f
$6,053,500, and stocks of par value of $55,383,518. these stocks and
bonds representing on the company’s books a value of $30,633,179and viewing from Jan. 1 to Dec. 31, 1893, an income of $2.075,684.
Of these securities part are pledged as said below.
D ividends.—In 1883,4 per cent; then none till 1892, when 4 per
cent was paid in March; in 1893, March, 4 p. c.; in 1894, May, 4 p. 0.
B onds.—Besides the bonds given above as outstanding $2,237.000
of 6s and $533,000 of 4*38 are held in the sinking fund.
Six per cent bonds are secured by deposit of $4,000,000 of Pitts
burg Fort Wayne & Chicago special stook. If not offered under sinkin g
fund provisions at 105 they are drawn at 100. The gold bonds o f 1921
areseoured by a deposit in trust of the leases of the Pittsb. Fort Wayne
& Chic., the Cleve. & Pittsb. and Erie & Pittsb. railroads, and of bonds
and stocks having a par value April 1,1881, of $24,171,630, as well
as by lien on certain real estate. They are also guaranteed
as to principal and interest by the Pennsylvania Railroad Com
pany, and are so endorsed; the trustees of the mortgage are W. H,
W jW fr r t mortgage 6s of 1867 is payable on coupon Barnes, John P. Green and Henry D. Welsh. In 1892 and 1893 the com
bondB January 1 and July 1; on registered bonds, April 1 and October 1. pany guaranteed certain Pittsburg Cincinnati Chicago & St.Louis bonds.
114
INTESTOES
SUFPLEMENl*
[V ol. l ix .
N ovember , 1694 |
RAILROAD
STOCKS
AND
BONDS.
I 15
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered In tbese T a bles.
RAILROADS.
Bonds—Princi
INI
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due,
Amount Rate per
For explanation of column headings, &c., see notes of
of
Par
When
on lirst page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and by Stocks—Last
Whom.
Dividend.
Pennsylvania Poughkeepsie A Bost.—1st M., gold.e*
73 1889 $1,000 $1,500,000
6 g. J. & J. July,’90, coup, last paid Jan. 1, 1939
2d mortgage for $500,000, gold..............................
73 1890
1,000
465,000
fc
6 g. J. < J.
do
do
Jan. 1, 1910
Slate Valley RR. 1st mortgage..............................
1886 500 &c.
61,500
4 8 J. < J.
&
July 1, 1916
Peoria A Bureau Val.—Stk., 8 p. c. rent’l C. R.I.&P. ”47
100
1,500,000 8 per an. F. & A. N. Y. ,Ch.R.I. «fePac. RR, Aug., 1894
Peoria Decatur A Evansville—Stock...........................
100
8,400,000
1st mort. (Peoria Div., Pekin to Mattoon) gold.e* Ì08 1880
1,000
1,287,000
6 g< J. & J. Jan., ’94, coup, last pd, Jan. 1, 1920
1st m. (Evansv.Div., Mattoon to Evansville,) g.c* 128 1880
1,000
1,470,000
6 g. M. < 8. Mar.,’94,pd.Aug.l5,’94, Sept. 1, 1920
fc
Second mortgage, g o ld ....................................... e* 244 1886
2,088,000
5 g. M. < N. Nov.,’ 93, coup, lastpd. Nov. 1, 1926
fe
Chicago & Ohio River Div. 1st mort., $500,000...
77 1886
250,000
6
M. & N, Nov., ’92, coup, last pd.
1916
Income mortgage, $750,000............................
77 1886
618,300
6
1916
Peoria A Eastern—Stock...................................... .......
100 10,000,000
Ind. Bloom. & West. 1st M., pref., int. guar...c<fcr 202 1879 100 «fee. 1,000,000
7
J. < J. N. Y., Drexel, M. < Co. Jan. 1, 1900
fe
&
Ohio Indiana & West. 1st M.,pref., gold, int. gu .e
342 1888 500 &c.
500,000
5 g. Q.—J.
do
do
Apr. 1, 1938
P. & E. consol. M. $10,000,000, interest guar..c
202 1890
1,000
8*103,000
4
A. < O.
fe
do
do
Apr. 1, 1940
2d consol, mortgage,income, non-cumulative. ..e 202 1890
1,000
4,000,000
4
April 1 N. Y., when earned.
Apr. 1, 1990
Peoria A Pekin Union—1st mortgage, g o ld ........c
20 1881
1,000
1,495,000
6 g. Q.—F. N. Y., Central Trust Co. Feb. 1, 1921
2d mortgage, g o ld .................................................c
20 1881
1,000
1,499,000
4*ag. M. «fe N.
do
do
Feb. 1, 1921
Perkiomen—IstM., ser. I (1st l’n) gold, gu. p. & i.c*
38 1887 100 «fee.
799,600
5 g- Q .-J . Phila., Pa. Co. Ins. on L. Jan. 1, 1918
1st M., ser. 2 (2dl’n) gold, guar. p. < i . (end.)..c*
fc
38 1888
1,000
1,125,000
5 g. Q .-J .
do
do
Jan. 1, 1918
Petersburg—Stock.......................................................
59
100
960,800 See text. . & J.
Richmond,
July 2, 1894
Guar. pref. stock, 3 per cent, lien prior to mortg'
59
100
323,500 See text. . & J.
do
July 2, 1894
1st mort. (payable $25,000, due yearly Jan. l)c«fer
59 1869 500 «fee.
100,000
8
. & J. Richm’d and Petersb’g. Jan.,1895-’98
Mort. bonds, class A,$200,000 reserved for 1st M.
59 1881
1,000
693,000
5
. «fe J.
do
do
July 1, 1926
Mortgage bonds, class B..........................................
59 1881
1,000
800,000
6
.. «fe O.
do
do
Oct. 1, 1926
Phil. ABcut. Cent.—1st M.$2,500,000,$1,200,0004*28
73 1881
1,000
2,200,000 4*2 <fe5
Phila., Penn. RR. Co. Nov. 1, 1911
Phila. A Chester Val.—1st M., pref. ($480,000) g.c*
1888
500
280,510
5 gPhil., Read.Term. Bldg, Apr. 1, 1938
1st mortgage, not pref., $100,000, gold.............c*
1888
500
100,000
4 gdo
do
Apr. 1, 1938
Phila. A Erie—Common stock ($10,000,000 author.) 287
50
7,985,000 See text.
Phila. Of., 233 S. 4th St. Moh. 1, 1894
Preferred stock, 7 per cent, special....................... 287
50
2,400,000 7 per an. Yearly.
do
do
Deo. 31,1893
Sun. < E. 1st M., (ext. in 1877)........................c&r
fe
40 1857
1,000
976,000
7
‘ < O. Phila., Penn. RR. Co. Oct. 1, 1897
fe
General mort., gold, guar. p. & i. by Pa. R R .......c 287 1869
1,000
8,680,000
6 g.
< J. Phil., Pa. RR, < London. July 1, 1920
&
fe
Gen. mort., gold, guar. p.&i. ($5,263,000 are 5s).r 287 1869
1.000 10,143,000 4 g.& 5 g.
Phila., Penn. RR. Co. July 1, 1920
Phila, Germ, A Chestnut S ill—1st M., gu. by Pa. RR.rl
7 1883
1.000
1,000,000
4*2 |
]
Phila., Penn. RR. Office. May 1, 1913
E arnings .—The total mileage operated or controlled by this company
Earnings.—3 months, 5 1894, gross, $449,936; net, $122,282.
Dec. 31,1893, was 3,600—operated directly by Pennsylvania Co. 1,247
July 1 to Sept 30. (1893, gross, 477,524; net, 94,369.
miles. In year 1893 gross, $21,681,237; net, $7,930,662; charges,
Surplus over charges, $11,877, against deficit $16,036 in 1893.
*6,880,185; balance, surplus, $1,050,476; dividends paid (4 per cent).
1
Net.
Interest, etc.
Balance.
$840,000; in li:93 profit, $1,050,476. In 1892 gross, $22,506,656; net, - oioai ‘
$8,0 52,353.
i 898"4 ...................... $1,609,806
$177,190
$441,620 def.$264,430
8 9 2 -3 ................... 1,740,502
272,352
441,620 def. 169,268
Incom e account has shown after payment of all obligatory charges:
1,833,143
523,434
454,519 sur. 68.915
deficit in 1886 of $200,674; in 1887, net profit, $675,516; tn 1888, loss, 1891-2............
$74,891; in 1889, net profit, $727,802; in l8 9 0 .n et profit, $1,081,958;
Peoria Sc P ek in U n io n .—Owns from Pekin to Peoria, 10 miles
-j n 1891 net profit, $1,725,938; in 1892, profit, $1,229,974. In 1893 on each side of Illinois River; total operated 20 miles; also owns
roflt, $1,050,476. (V. 55, p. 5 7,161, 973; V. 57, p. 638; V. 58, p. 81.)
oi sidiugs. The road is a union road, and the stock of
by the different
companies, and they
Pennsylvania Sc N o r t h w e s t e r n .—Owns Bellwood, Pa., to 5pi,u00,000 was takenterminal charges.Peoria RR p. 253. In vear 1893
pay a rental and also
See V. 36.
Horatio, 62 miles; total, including branches, 75 miles. A consolidation |D>ss, $616.717; net, $227,128: paid interest, $157,155; rentals, etc.,
Jan. 1,1890, of the Bells Gap and Clearfield «feJefferson roads.
$9,318; balance, surplus, $60,655.
Sto ck .—In March, 1893, increase to $2,500,000 was authorized.
P e r k io m e n .—Owns from Perkiomen Junction, Pa., to Emaus Juno
D iv id e n d s .—In 1890, 5 p. c.; in ’91, 5; in ’92, 5^; in ’93, 6 p. c.; in tion, Pa., 39 miles. Stock subscription, $38,040. Reorganized in 1887
1894, Jan., 2 per cen t; in July none.
There is due Phil. < Read. RR. on loan account upwards of $900,000.
fe
B onds.—Of the $2,500,000 general mortgage bonds authorized by the In year end: June 30,1893, gross earns, were *358,794; net, $109,217
mortgage, sufficient are held to retire the prior issues, when due. Five against $126,416 in 1892; interest,etc. (net), $107,071; surp , $2,146.’
p.c. car trusts due 1895 to 1903, $584,000, due $86,000 yearly on Mar. 1.
P e t e r s b u r g .—Owns Petersburg, Va., to Garysburg, N. C., 59 miles;
&
, E arnings ,—In year 1893 gross $612,535 against $856,282 in 1892 ; rents Garysburg to Weldon (Seaboard < Roanoke), 2 miles; total, 61
net, $171,380 against $250,196; interest, $115,880; dividends, $130,: miles. Reorganized in 1877 without foreclosure. Preferred stock is
guaranted 3 per cent yearlv, then common receives 3 percent, then
OOO; balance, deficit for year, $74,500. Total surplus Jan. 1, 1894
r 0 . ™i,oc;P sllare Pro rata- Dividend on each stock in 1892,6 per cent:
$68,827. E. J. Berwind, Pres’t, Philadelphia.—(V. 56, p. 414.)
in 1893, 6 p. c.; in 1894, Jan., 3 p. c.; July, 2*2 p. 0.
P en nsylvan ia Poughkeepsie Sc B o sto n .—See Supplem ent
Earnings- 9 months, 5 1894, gross, $396,314; net, $139,796.
-of Sept., 1894. Foreclosure sale ordered for Oct. 18,1894, postponed,
Jan. 1 to Sept. 30. \ 1893, gross, 408,650; net, 139,164.
Peoria. Decatur Sc E v an sv ille.—Owns from Pekin to Evans , Annual Report.—Report for year ending June 30,1893, in V. 58, p.
ville, 227 miles; branch, 6 miles; Chicago < Ohio River Division Sidell *77, showed gross earnings, $548,030; net, $214,006. In 1891-92
fe
to West Liberty, 78 miles; total owned, 311 miles; joint track to Hervev gross, $526,460; net, $229,853. (V. 53, p. 8 7 9 ; V. 58, p. 177.)
City, 8 miles; leases. Pekin, UL, to Peoria, HI., 10 miles; through De
P h iladelph ia Sc B altim ore Central.—West Philadelphia to
catur, 3 miles; total, 332 miles,
Octoraro
Wawa
Chester, Md., 9
H is t o r y .—Company owns $250,000 Peoria < Pekin Uniofl stock, track, 12 Jc., Md., 63 miles; leased, to West Creek RR., 7 m. m. (double
&
m.); branch, 1 m.;
Chester
Phila. Wil
Consolidation with Chic. < Ohio River was effected in August, 1893.
fe
mington & Baltimore Railroad holds practically all the $2,495,650
R e c e iv e r sh ip ,E tc .—Belonged to “ Mackey” System, and on Jan
stock, and road is a part of Pennsylvania system. Tn 1892-93 gross
10,1894, after the Evansville < Terre Haute had passed under differ earnings, $958,622; net, $166,128, against $211,442 in 1891-92; sur
fc
ent management the P. D. < E. was placed in receivers’ hands. The plus above charges, $20,466, incl. interest, on deposits, etc., of $24,983.
fe
receivers are E. P. Huston and E. O. Hopkins.
P h ila d e lp h ia Sc Chester V alley R R . - Road from Bridgeport
Coupon P aym ents .—See table for the date of last coupon paid.
to Downmgton, Pa., 22 mfies. Chartered in 1888. Capital stock (par
$550,000; preferred, $205,100; total, $755,100, of
B ondholders ’ Committees .—First and second mortgage bondholders #$£)
&
committee is as follows: Charles S. Fairchild, James Stillman, Edward which Phil. < Read, owns $452,700 common and $205,100 preferred
fe
N. Gibbs, James H. Washburn and E. Randolph Robinson. Address the same being deposited under the P. < R. coll, trust deed of 1892.
Bonds are guaranteed principal and interest by Phil. < Reading RR.
&
N.Y.Sec. <fcTr. Co., 46 Wall St., N.Y. V. 58, p.223. See also V. 59, p. 423’
First mortgage bondholders’ committee (both divisions) consists of
For year ending Nov. 30, 1893, gross, $52,701; net,
Walston H. Brown, Chairman; 20 Nassau St.; Wm. Augustus White. In ’2™ -o^ oe e iA $ 18 >
J .s
025: deficit for year, $15,755. Total deficit Nov.
130 Water St.; E. H. Ladd, Jr., 31 Pine St.; Morton S. Paton, 1 Broad
way; Charles A. Peabody, Jr., 2 Wall St. Depositary, Atlantic Trust
P h ila d elp h ia Sc E rie . — ( See Map Pennsylvania R R . ) —Road—
d o., N. Y. V. 58, p. 514.
Second mortgage committee, J. Van Schaick, chairman, Frank Rus- Owns Sunbury to Erie, Penn., 287 miles—double track, 78 miles.
Organization , L ease , «fee.—Formerly Sunbury < Erie. Leased to
fe
sa«> W. H. Goadbv, R. S. Anderson, Thomas W. Evans and John L.
Pennsylvania RR. Co. for 999 years, and actual net receipts paid as
Lamson.
rel*tal. -Pennsylvania RR. owned Dec. 31, 1893, $3,501,800 common
Sto ck h o ld ers ’ Com m ittee .—R. S. Anderson, F. M. Weeks, E V ana ^ 0 0 ,0 0 0 special stock and $4,069,000 general mortgage bonds,
£«oew, E. Chamberlain and W. F. Owens. V. 58, p. 774.
and city of Philadelphia (sinking fund) $2,250,000 common stock.
F loating D e bt .—On Jan. 13,1894, there was due the Evansville <
fe D ividends .—On common in 1892, Mar., 2 p. 0.; 1894, March, 2 p. c.
Terre Haute on loan account $150,000, and bills payable were $658,B onds.—The general mortgage is guaranteed by Pennsylvania RR.
802. Excess o f liabilities over assets in Jan., 1894, $218,682. In S ep t,
In January, 1894, $125,000 general mortgage 4s were sold.
1893, outstanding notes for $475,000 endorsed by Evans. & T. H.
E arnings.—9 mos., > 1894, gross, $2,887,264; net, $756,856
B onds .—A general mortgage for $10,000,000 was executed in 1892,
Jan. 1 to Sept. 30. 5 1893, gross, $3,902,172; net, 1,215,882
but no bonds certified. Car trusts in January, 1894, $53,252.
A nnual Report.—Report for 1893 was in Chronicle, V. 58, p. 343.
E arnings .—8 months, >1894, gross, $548,703; net, $155,325.
January 1 to Aug. 31. 5 1893, gross, $592,040; net, $250,500.
.T ea r end. Dec. 31—
1890.
1891.
1892.
1893.
R eceivers ’ R epo r t .—From July 1, 1893, to Jan. 13,1894 (about Gross earnings................ $5,113,787 $5,201,361 $5,256,551 $5,104,879
Expenses.......................... 3,389,920 3,347,859 3,740,942 3,549 883
6*2 months) and for full years 1892 and 1893, results were as follow s:
Taxes................. .............
25,675 11168,532
18,991
27,567
~
48941893.
1892.
$850,800
$827,816
G r o s s ......................... ...............$489,244
Net earnings...............$1,698,192 $1,684,970 $1,496,618 $1,527,429
N e t................. ............. . .............. 229,908
377,054
367,278
Charges............L i.......... ........... . 219,953
3/0,012
367,413 Total net income............. $1,716,440 $1,702,985 $1,516,571 $1,546,783
Interest on debt............... $1,034,470 $1,042,470 $1,042,470 $1,042 470
168,000 168,000
168,000
168,000
Surplus......
....................... $9,955
$7,042
def. $135 Interest on special stock.
191,614 164,003
132,307
128,827
—(V. 58, p. 82, 223, 514, 683, 774; V. 59, p. 153, 291, 372, 423,^52, Interest on equipm’t, «fee.
<601.)
Surphis (see diva, above).
$322,356 $328,512 $173,794 $207,486
Peoria 6c Eastern.—(«See Map Clev. Bin. Chic. A St. Louis.)—Owns
1 Includes exceptional taxes.
1
from Pekin, 111., to Indianapolis, Ind., 202 miles, and has a lien of $5,- —(V. 54, p. 3 6 5 , 406; Y. 56, p. 2 8 7 , 332; V. 58, p. 343.)
000,000 on Springfield Division, Indianapolis to Springfield, Ohio, 141
P h ila d elp h ia G erm an tow n Sc Chestnut H i ll.—In Philadelmiles; trackage, Pekin to Peoria, 9; total operated, 352 miles.
phia from Germantown Junction, on Connecting Railway, to Chestnut
Lease, Etc.—Formerly Ohio Indiana < Western, sold in foreclosure Hill? 7 miles. From May 1,1883, leased for 30 years to the Pennsyl
fc
In 1890, reorganized per V. 49, p. 616, and leased tfil Apr. 1,1940, to vania Railroad Co., which guarantees principal and interest on the
Cleveland Cincinnati Ch. < St. L., which guarantees interest, but bonds, and owns $999,750 of the stock. Capital stock $2,000,000
fe
not principal, of the first consols, and owns one-half the $10,000,000 (par, $50), having been increased from $1,000,000 in Nov., 1894. Gross
stock, par $100. See Supplement of Jan., 1894, as to provisions res earnings in 1893, $259,038, against $264,728 in 1892; net, $99.800.
pecting any surplus over charges.
agst. $89,443; interest, $63,630; rentals, etc., $10,636. (V. 59,p. 880.)
Bonds.—The consolidated mortgage of 1890 covers, besides the road
P h iladelph ia G erm an tow n Sc N orristow n .—See Supple
owned, the $5,000,000 purchase money lien on the Springfield Division. ment of September, 1894.
See abstracts of mortgages of 1890 in V. 51, p . 246, and of O. Ind. &
P h ila d elp h ia Harrisburg Sc P ittsb u rg.—See Supplement of
Western mortgage, V. 47, p. 201. Due lessee July 1,1894, $585,825.
Sept., 1894.
1 1 6
INVESTORS’
SUPPLEMENT.
[Vol. LIX,
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered in tbese Tables.
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
Par
of
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Phila. Germ .dNorrisfn—Stock rental., P. & R. RR.
Phila. Harrisburg < Pittsburg—1st mort., gold.e*&r
6
Phil.Newtown<6N. Y —1stM.,gold,gu.p.&i.(end.)c*
Philadelphia <- Reading—Stock........................ .........
£
Receivers’ certificates............................ .................
1st M., ext. in 1860, Phila. to Pottsville, $ & £ ..c
Mortgage loans of 1844,1848 and 1849.............. c
Mortgage loan of 1857 convertible...................... c
Mortgage loan of 1868, gold, extended in 1893. .c
Consol, mortgage ($8,162,000 are gold 6s)..........c
Impr’t M., gold, s. f., drawn at 100, V. 48, p.260.c
General mortgage of 1874 (see text).....................
Consol. M.of 1882, gold, stamped, pay. atnotiee.c*
General mortgage ($100,000,000), gold........c*&r
1st pref. inc. M., not cum. ($24,400,000) gold.. .c*
2d pref. inc. M., not cum. ($22,500,000) gold.. .c*
3d pref. inc. M., not cum., gold...................*.......c*
3d pref. inc. M., gold, non-cum., convertible........
Terminal M., gold, gu. by P. < R. Term. RR..c*&r
&
Ten-year sinking fund gold loan, red. at 100.. .c*
Delaware River Terminal Pur. Money M., gold.c*
Delaware River Term. Ext. Pur. Mon. M., gold.c*
Collateral trust bonds ($10,000,000) gold....c*&r
Deferred incomes (after stock).See V. 54, p. 239.
Car trust, Series C, $30,000 due Q.—M..............c*
Car trust, Series D, $310,000 due Nov 1., gold..c*
Equipment notes......................................................
Mortgages on real estate..........................................
P. & R. Coal & I. purchase money & real estate M.
Do
do
guar, ext’d In 1892-94, gold..
Coal trust, 5-10 year certilic’s, gold. See text.
29
44
22
All
94
94
148
254
325
325
327
327
327
327
327
£27
Q .-M . Phila., 132 So. 3d St.
12
$2,246,900
500,000
5 g. A & 0 1 5 Phila., Comp’y’s office.
A. & O. Phil., Phil. A Read. RR.
1,600,000
5 g40,141,361
1893
6
J. & J. Philadelphia, Office.
3,640,400
J. & J. Philadelphia & London.
Ì|512)7ÒÒ
6
1843 $ & £
J. & J. Phila., Read. Ter. Bldg.
6
1,000
954,000
1844-9
4 Lj J. & J.
do
do
79,000
1857 50Ó &c.
do
do
1,000
2,700,000
1868
5 g. A. & O.
do
do
1871 200 &C. 18,811,000 6 g. & 7 J. & D.
do
do
A. & O.
9,364,000
1873 $ or £
6 g.
I «74
5,767,042
1882 500&C.
5 g. M. & N. Phila., Read. Ter. Bldg.
1888 l.OOO&c 44,663,000
4 g. J. & J. Jan., ’93, coup, last pd.
1 Up to Feb. 1 Feb., ’93, coup, last pd.
1,000 23,949,951
1888
do
do
1,000 16,176,589 15 p ct. Feb. 1
1888
do
do
f when Feb. 1
See text.
1,000
1888
do
do
1,000
4,709,000 J earned Feb. 1
1888
8,139,000
1,000
1891
5 g. Q .-F . Phila., Prov. Life & Tr.
do
do
1,000
1,938,000
1892
5 g. F. & A.
700,000
1,000
1892
5 g* M. & N. Phila., Guar. Trust.
Philadelphia.
1,000
1,222,000
1*92
5 g. J. & J.
1,000
See text.
5 g. J. & J.
1892
1 992 50 Art. 25,568,090
6
Fidelity Tr.
1887 Y.ooo
5 5 g. Q .-M . Phila., Prov’t Life &Co.
Tr.
Q.—F. Phila.,
1,000
i5
1890
4,746,005
1,593,397
5 5 ,6 & 7 Various Phila., Read. Ter. Bldg.
’72-’84 500 &c.
do
do
l 6 g. Semi-an
500 Ac.
Philadelphia.
5,000,000
1,000
1894
6 g. Q .-J .
1890
1892
$50
1,000
1,000
50
Sept. 4, 1894
Oct. 15,1925
Oct. 1, 194a
July 1, 1910
July 1, 1910
July, 1910
Oct. 1, 1933
June 1, 1911
Oct. 1, 1897
May 1, 192a
Jan. 1, 1958
Jan. 1, 1958
Jan. 1, 1958
Jan. 1, 1958
Jan. 1, 1958
May 1, 1941
Feb. 1, 1902
May 20,1942
July 1, 1942
Jan. 1, 1912
Irredeemable.
120,000y ’rly
310,000y’rly
1895-1898
To 1904
1897 to 1899
Apr. 1, 1904
Bonds.—The mortgage loan 7s o f 1868 due Oct. 1,1893, were pur
P h ila d e lp h ia & R e a d in g .—L in e o f R oad —Owns main line,
Philadelphia to Mount Carbon, Pa., 98 miles; branches owned, chased and extended as gold bonds for 40 years at 5 per cent
229 miles; (second track, 168 miles; total tracks owned, including1 The general mortgage 7s and 6s of 1874 for $24,686,000 and
sidings, etc., 926 miles); leased lines, 554 miles; roads controlled, 289 other prior bonds are held alive as collateral security for the general
mort. of 1888. The consol. 5s of 1882 are payable at par at any time.
miles; total operated November, 1893,1,170 miles.
They are joint bonds of the Railroad and Coal & I. companies and cover
H is t o r y , L eases , &c.—The Philadelphia & Reading Company was the main line and branches, the leases of the North Penn. RR , etc.
chartered April 4, 1833. Itleases anumber of roads in Pennsylvania;
Abstract of general mortgage of 1888 was in V. 46, p. 679. and of in
also, the North Pennsylvania Railroad and Delaware & Bound Brook, come mortgage V. 47, p. 141. See also Supplement of March, 1894,
forming the line from Philadelphia to New York.
for other particulars as to the general mortgage.
Receivers were in possession from May, 1880, to February, 1883, and
In February, 1889, the first and second preference bonds received full
from June, 1884, to January, 1888. In February, 1886, reorganized Interest, and the third 2*3 per cent. In 1890 only ^ of 1 per cent was
without foreclosure. Voting trust expired Aug. 1,1892.
paid on the first incomes; in Feb., 1891, nil; in Feb., 1892, 5 per cent
The Central of New Jersey and the Lehigh Valley systems were on firsts and 4*8 per cent on seconds; in February, 1893, full interest
leased early in 1892, but in August, 1892, the lease of the Central, and on all three classes; in 1894 none.
in August, 1893, that of the Lehigh Valley, was terminated.
The terminal mortgage bonds for the construction of the Terminal
The Market street station in Philadelphia was opened in March, 1893. RR. are the Reading’s own bonds, and are secured by a mortgage upon
R e c eiversh ip .—On Feb. 20, 1893, receivers were again appointed, all the property of the Terminal Co. and by a traffic contract between
Reading
the floating debt having become unmanageable. The receivers are J. Trust Co. and the Terminal Co. The trustee is the Provident Life &
of Phila. Amount authorized, $8,500,000. See V. 53, p. 391.
Lowber Welsh, Judge E. M. Paxson and Joseph S. Harris, President
The ten-year sinking fun d loan due 1902 is secured by $2,196,000
o f the Reading. Mr. McLeod resigned the presidency on May 1,1893.
coal land mortgage bonds deposited with the Penn. Co. for Insurance,
R eo rg an ization Committee composed of F. P. Olcott, Chairman; &c., the trustee. The bonds are subject to call at par and interest.
The collateral trust bonds o f i8qz (trustee, Penn. Co. for Insurance
Adrian Iselin, Jr., J. Kennedy Tod, Henry Budge and Thomas Denny,
all of New York, George H. Earle, Jr., S. F. Tyler, Samuel R. Shipley on Lives, etc.) are secured by deposit of stocks and bonds, having a.
and Richard Y. Cook, of Philadelphia (see V. 59, p. 515), on October 29, par value of $15,584,500. (See description, V. 59, p. 794.)
Chattel mortgages for $403,000 on equipment were reported filed in
1894, secured the sanction of the Court to issue securities and make
payments provided for in their reorganization plan—see V. 59, p. 739, March, 1893.
The coat trust certificates were authorized March 5,1894, for $5,000,781. In November, 1894, $4,527,000 general mortgage bonds had
been deposited under the plan. (V. 59, p. 836. The plan of this com 000, secured by lien on coal, which it is provided shall always exceed
in market value by at least 25 per cent of the outstanding certificates.
mittee was given in full in V. 59, p. 791, and provides as follow s:
1. Purchase of general mortgage coupons.—Holders to consent to sell They are subject to call at any time at 105, and on April 1,1899,
at par the three overdue coupons and the seven maturing to and in entire issue may be paid at par. Of total issue $2,500,000 were taken
cluding Jan., 1898. It is expected, however, that cash interest pay by a syndicate for money advanced to pay the Speyer loan.
ments will be resumed after Jan., 1896. A syndicate has agreed to
Floating D ebt.—The annual report for 1893 states the gross cash
advance $9,000,000 to buy such coupons as may be necessary as they
mature. Coupons so purchased will be deposited as security for liabilities of the Railroad Company on Nov.-30,1893, as $10,967,447;
cash assets, $4,182,117. Coal & Don Co. gross cash liabilities, $7,10-year coupon scrip to be retired at 105 out of surplus earnings.
2. Sale of collateral trust bonds of 1892.—Assessment —To pay the 232,642; cash assets, $5,797,741. Excess cash liabilities both com
30, 1893,
July 31,
receivers’ certificates, $2,000,000, equipment notes and the secured panies Nov. The Speyer$8,220,231; decrease in excess since releasing
loan was paid March 5,1894, thereby
floating debt, the $10,000,000 collateral trust bonds of 1892 $4,414,563.
incomes and $5,790,000 collateral
are to be sold.
The holders of stock and preference in $1,000,000 third pref. September, 1894, floating debt was trust bonds.—
$3,843,000.
comes will be allowed to choose between subscribing at par See V. 59, p. 372. In
to these bonds to the amount of 10 per cent of their holdings and pay
Genfral F inances.—The Speyer loan was paid in March, 1894. In
ing a 3 per cent cash assessment, for which latter option they will June, 1894, the courts authorized tha payment by Phila. & Reading of
receive nothing. A syndicate has agreed to buy at 70, less 2*a p. c. interest, as same shall become due, on one-half (said half, however,
commission, such of the collat. trust bonds as are not thus subscribed for. not to exceed $3,000,000) of the sub-way bonds to be issued by the city
3. Voting trust.—The income bonds and stock are to be transferred of Philadelphia for the purpose of abolishing grade crossings, and the
to the Central Trust Company as trustee, in order to secure to the gen payment of the principal of one-half of said bonds at mat irity.
eral mortgage bondholders the right, until the purchased coupons are
Receivers’ certificates for $3,640,400 for the Railroad Company and
redeemed, to appoint the president and one-half the directors. There $197,526 for the Coal & Iron Co. have been authorized to pro
after the general mortgage bondholders will appoint one-third the vide for part of the floating debt.
directors, the income mortgages one-third and the stock one-third,
Latest E arnings.—For 10 months ending Sept. 30 results were as
the stock also electing the President. The income bondholders also
agree to forego any claims for interest until the general mortgage below: The combined results of the railroad and coal companies it
will be seen were a deficit in 1893-94 of $2,584,467 against a deficit o f
coupons shall have been paid and canceled.
D eferred income bondholders are required to pay a cash contribution $1,687,954 in 1892-93. (V. 59, p. 781.)
o f % per cent, for which they will receive no obligation of the company.
RAILROAD COMPANY.
Depositaries for assenting securities, Central Trust Co., New York,
Net.
Other inc. Charges, <£c.
Balance.
The Finance Company, Philadelphia and London County Bank, London. 10 mos. Gross earns.
As to collateral trust bonds see below. If the plan is not accepted 1893-4.1$16,409,895 $7,040,239 $415,086 $8,953,401 df.$l,498,076
within 60 days it is proposed to foreclose immediately under the gen 1892- 3 .. 18,753,544 7,360,930 499,826 8,919,349 df. 1,058,593
eral mortgage. The committee claims that the charter of the National
COAL COMPANY.
RR. Co., 1872, which they hold, would enable the reorganized com
Net.
Improv'ts. Charges,&c.
Balance.
pany to exercise all the rights of the present company.—V. 59, p. 476. 10 mos. Gross earns.
Committee consisting of Gen. Louis Fitzgerald, Chairman; J. Ed 1893- 4 $17,527,443 $599,137 $505,102 $1,180,426 df.$1,086,391
1892-3.-18,699,941 1,094,324 640,479
1,083,206 df.
629,361
ward Simmons, Henry W. Whitney, J. G. K. Duer and Henry Dechert
Annual Report.—Fiscal year ends Nov. 30. Annual meeting is
in May, 1894, requested deposits with Mercantile Trust Co., N. Y., or
held second Monday in January. The report for 1892-93, issued
Commonwealth Title I. & T. Co., Phila. (See V. 58, p. 816.)
R. B. Hartsliome, 42 New St., N. Y., is chairman of the Rlce-Harts- by the receivers, was in V. 58, p. 79. The report states that if the $2,166,361 spent for improvements and equipment iu 1891-92 had been
horae committee.
Coupon P aym ents .—The July, 1893, interest on the general mort charged to operating expenses (as has been done wich the $1,694,283
gage was still unpaid in Nov., 1894. All other interestdue by the Co. on similarly spent in 1892-93) the surplus of the railroad company for
its direct obligations had to Nov., 1894, been paid. 9 i the guaranteed 1891-92 would be $9»0,786, as against $3,157,147 previously reported.
interest, that due Aug. 1,1893, on Phila. Read. & N E. and Phila. & The full report of the receivers, together with Mr. Stephen Little’ s
report was in V. 58, p. 698,726.
Frankford bonds was not paid. See V. 57, p. 60; V. 58, p. 43.
1893.
1892.
Years ending Nov. 30—
1891.
Co a l P r o pe r tie s .—The Company owns all the stock ($8,000,000) of
$4,267,021
the Philadelphia & Reading Coal & Iron Co. The estates of the coal Passenger traffic.............. $4,045,862
company aggregate upwards of 194,000 acres, classified as follow s:
Coal traffic.. . . . . . . ............X
17,250,083
18,272,167 - $22,828,848
Coal lands owned (acres)....95,144 I Timber lands owned (acres) 70,489 Merchandise traffic.......... 5
370,809
482,694
Coal lands leased (acres).... 7,429 |Iron ore lands (acres)........ 21,000 Miscellaneous...................
76,250.
75,162
Ca p it a l Sto ck .—The dividends paid on Philadelphia & Reading United States mail...........
Income from stks. & bds.,
Btock from 1870 to 1875, inclusive, were 10 per cent each year; in 1876
1,327,04»
1,337,817
from steam colliers, &c.
1,257,307
2*2 per cent was paid and nothing since. In Nov., 1893, there were
$4,739,000 third preference bonds, convertible into common stock.
$24,155,895
$24,324,065
Total earnings RR. Co.. $23,111,109
G u aranties .—See Supplem ent of January, 1893. The terms of the
*16,582,195
13,656,828
income mortgages of 1888 are understood to forbid the payment of Operating expenses........ 13,176,631
interest on any bonds since guaranteed unless such interest is earned
by the property covered by the guaranteed loan. See page VII. of ad
*$7,573,700
$10,667,237
Net earnings RR. Co. $9,934,478
vertisements in Chronicle of June 10,1893.
N ovem ber , 1894.]
RAILROAD
STOCKS
AN D
BONDS,
117
Subscribers w ill confer a great fa v or by g iv in g im m ed iate notice o f any error discovered In these Tables.
RAILROADS.
on first page of tables.
Bonds—Prinei ■
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due
Amount
of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Payable
Whom
Dividend.
Phila. Bead. A New Eng.—Pref. stock, 5 per cen t..
$2,000,000
1st M., gold (See text.) guar. p. & 1. (end)..........o'*
58 1892 $ i,òoó
3,750,000
4 g. F. & A. Feb., ’ 93, coup, last pd. Nov. 1, 1942
Do (4 p.c. till Sept.’95; then 5 p.c.) guar.p. & I.c*
58 1892
1,000
2,500,000
4-5g. M. & N. Nov., ’92, coup, last pd. Nov. 1, 1942
D o 5 percents (See text) gold, guar. p. & 1........
58 1892
As collateral
1, 1942
I g- M. & N. Nov., ’92, coup, last pd. Nov. 1, 1952
Ino. M, non-cu., Ser. A,$1750,000; B,$2100,000.c*
58 1892
1,000
3,850,000
None paid.
Oct.
5 8* Oct. 1
Dutchess Co. RR. 1st M., gold,guar. P. R. &N. E.e*
12 1890
1,000
350,000
6 g- J. & D.
June 1, 1940
_
Phila. A Trenton—Stock 10 p. c. rental, Penn R R ..
27
100
See text. lOperan. Q .-J . Phila., Company’s Office July 10,1894
....
Philadelphia Wilmington A Baltimore—Stock.......... . . . .
50 11,819,350 See text. J. < J. Phila., 233 S. Fourth St July 2, 1894
&
Plain bonds, s. fund $16,000 yearly, not drawn..r . . . . 1875
1,000
800,000
6
A. & O. Phil.Of.;Bost.,Kid.Peab Apr. 1, 1900
Plain bonds, s. fund $20,000 yearly, not drawn, .r _ 1880
1,000
1,000,000
5
J. & D.
do
do
June 1, 1910
Plain bonds.......................................
r .... 1887
1,000
1,000,000
4
A. & O.
do
do
Apr. 1, 1917
Plain bonds.............................................................. r
1887
1,000
1,000,000
4
M. < N. Phila., 233 S. Fourth St. Nov. 1, 1922
fe
Plain bonds, gold........... , .......... ............................r .... 1891
1,000
930,000
do
do
4 g. J. & J.
Jan. 1, 1926
Plain bonds, gold.....................................................r .... 1892
1,000
1,000,000
&
do
do
Oct. 1, 1932
4 g. A. < O.
_
Pied mont A Cumberland—Stock..............................
50
650,000
See text
Maroh, 1894
1st mortgage, gold................................................ c:
29 1886
1,000
650,000
F. < A. New York < Baltimore. Aug. 1, 1911
&
fe
Pine Greek—1st M., guar. prin.and interest (end.).
75 1885
1,000
3,500,000
T * J. & D. N. Y. Gd. Cent. Station, Deo. 1, 1932
2d mortgage.................................................... , . . . .r
75 1887
1,000
25,000
6
do
do
J. & D.
Deo. 1, 1932
Pittsburg Akron A West’n—Receiver’s certificates.. ....
241,000
1st mortgage, $3,630,000, gold........................... c* 165 1890
1,000
3,630,000
A. <e
f
Apr. 1, 1940
Pittsburg Ohartiers A Youghiogheny—1st mortgage.
16 1882 500 «fee.
320,000
I®' F. «S
s
Pittsburg Office,
Feb. 1, 1902
Gen. M. $1,000,000, gold, gu. p.&£ (end.) See text.
16 1892
1,000
380.000
4 g. A. <
fe
do
do
Apr. 1, 1932
Pittsburg Cincinnati Chicago A St. Louis—Pref. st’k 1,083
100 22,591,257 See text SemiN.Y.,Farmers’ L’n«fe Tr. Apr. 25,1894
f Chic. & Gt. East. 1st M. (Chic, to Logansport)..c* 117 1863-5 1,000
116,000
A. &
7
N. Y., Union Trust Co. April, 1895
I Col. & Ind. Cent. 1st M. (Colum. to Did. & br.). o* 187 1864
1,000
2,631,000
7
J. &
do
do
Nov., 1904
j CoL & Indianapolis Central 2d mortgage.......o* 208 1864
1,000
780,000
M. <
fc
7
do
do
Nov., 1904
(Union & Logansp’tlstM .(U ’nCitytoLogans.)c*
93 1865
1,000
715,000
7
A. <
fe
do
do
Deo., 1905
Chic. St. L. & Pitts, cons. M. ($22,000,000) gold.o* 580 1883
1,000
1,506,000
A. &
do
do
Oct. 1, 1932
?*• J. <
Cincinnati Richmond < Chicago 1st mortgage.. .
fe
36 1866
1.000
552,000
do
do
fe
July 1, 1895
Jett’nville, Mad. < In. 1st M. (s. f. drawn at 110).c 222 1866
fe
1,000
2,301,000
7
A. <
fe
N. Y., Farm. L. & Tr. Co. Oct. 1, 1906
2d mort., Jeffersonv., Ky., to Indianap. & br’h.c 222 1870
1,000
1,995,000
7
J. <
fe
do
do
July 1, 1910
< Steub. < Ind., 1st mortgage, extended in 1884.r 116 1864
&
1,000
3,000,000
5
J. <
fe
N. Y., Nat’l City Bank. Jan. 1, 1914
i Pitts. C. & St. L., 1st consol, mortgage..........c&r 216 1868
1,000
6,863,000
7
F. «fe
Phila.. Penn. RR. Office. Aug. 1, 1900
1 QQ9
1891.
1893.
P it t s b u r g A k r o n & W e s t e r n .—Owns Akron, O., to Delphos, 165
Net earnings RR. Co____
19,934,478
$10,667,237
*$7,573,700 miles,<completed in 1892. Stock authorized, $4,230,000; par, $100.
Net earnings C. < I. C o...
fe
482,665
1,273,148
1,104,195 W. A. Lynch was appointed receiver July 30,1893. Road was sold in
foreclosure Oct. 17,1894, to syndicate of bondholders for $844,000.
Total net both Co’s ... $10,417,143
$11,940,385
$8,677,895 It is said the road will be completed to New Castle, Tenn An appeal
Rentals RR. Co................
2,838,351
2,840,098
2,907,028 to set aside the sale has been made in the interest of about 100 credi
Interest RR. Co................
4,502,882
4,669,992
5,273,364 tors. V. 59, p. 739. Cent. Trust Co. of N. Y. is mortgage trustee. (V.
Interest Coal « c Iron Co..
S
815,526
1,060,828
1,299,845 57, p. 218, 939; V. 58, p. 476, 904; V. 59, p. 192, 601, 697, 739, 880.)
Sinking fund Coal < I. Co.
fe
395,423
187,980
P it t s b u r g C h a r tie rs < Y o u g h i o g - n y . —Owns from Chartier•
fc
to Beechmont and branches, 17 miles in all. Stock authorized,
$8,758,898
Total deductions........ $8,552,182
1,480,237 $1,000,000; par, $50; outstanding, $700,000, owned jointly by guaran
Balance,both companies.sr.$l,864,961 sur.$3,181,487
def.$802,342 tors mentioned below. Trustee of general mortgage for $1,000,000 is
Fidelity Title < Trust Co. of Pittsburg. Of the 4 per cents issued, or to
fe
* Includes $1,694,286 spent for improvements and equipment.
be issued, one-half are to be endorsed with the guaranty of the Pitts
—(V. 57, p. 22, 61,105, 218, 255, 341,376, 423, 469, 511, 557, 639, 684, burg Cincinnati Chicago < St. Louis, the other half with the guaranty
fc
723, 765, 809, 854, 894, 936, 980,1040,1084; V. 58, p. 43, 58 ,69 , 79, of the Pittsburg < Lake Erie. See guaranty, V. 56, p. 650. They are
&
127, 179, 223, 306, 345, 384, 431, 513, 550, 683, 69 8, 714, 716, 726, not subject to call. E arnings in year 1893 were gross. $174,327, agst.
733, 774, 816, 942,1035,1110; V. 59, p. 153, 234, 372, 423, 476, 515, $159,191 in 1892; net, $43,722, against $58,494. (V. 56, p. 127.)
552, 697, 739, 757, 781, 791, 836.)
P it t s b u r g C in c in n a t i C h ic a g o & St. L o u is .—(See Map.) —
P h ila d e lp h ia R ea d in g & New E n g la n d .—R o a d —1 his The system, clearly seen on adjoining map, includes:
T
Lines owned.
~
Miles, Lines leas’d ^ S ee these oo’s.) Miles.
company owns from Campbell Hall, crossing the Hudson River
23
at Poughkeepsie by its own bridge, to Silvemails, 58 miles; and leases Pittsburg,Pa., to Chicago,111. 504 ITChartiers...............................
and controls Hartford <c Conn. Western, Hartford to Rhinecliff, 109 Renoomb Jc. to Anoka Jo___ 166 IfLittle Miami and depend’s .. 192
S
3
miles; total, 167 miles; also assumed lease of Dutchess Co. RR., from Bradford Jc. to Indianapolis. 104 Cincinnati Street Con. R y ...
Indianapolis to Jeffersonville 108 Pitts. Wheeling < K y............
fc
28
Poughkeepsie to Hopewell June., 12 miles; trackage, 1 mile.
Branches ................................. 208 Eng. Connecting Ry. in Chic.
2
Receivership, «fee.—A consolidation in July,’92, [by plan in V. 54, p.
Other lin e s.............................
5
597] of Central New England < Western and Poughkeepsie Bridge
fe
Total ow ned........................ 1,090 Leased join tly with T. H. A I.
companies. Road was controlled and operated by Phila. < Reading,
fc
Trackage—
TTSt. Louis Vandalia & T. H ... 158
but the guaranteed interest due May 1 and August 1, 1893, was not
55
paid, ana on August 22 J. K. O. Sherwood was appointed receiver. Indianapolis to Kokomo.......
5
Total of all Jan. 1 ,1893.. .1,561
Bondholders’ committee consists of G. A. Fletcher, H. L. Davis, C. Louisville Bridge, eto.............
Organization , «fee.—Formed in 1890 by consolidation (per terms in V.
Tower, Jr., J. M. Shoemaker, J. W. Hamer, Alfred N. Chandler, Phila
50, p. 875) of Chicago St. Louis & Pittsburg, Jeffersonville Madison A
delphia; Arthur Brock, Lebanon; H. O. Seixas, New York.
Indianapolis, Cincinnati & Richmond and Pittsburg Cin. & St. L. Con
Stock —Common is $4,600,000, all owned by Phila. < Reading.
fe
trolled by Pennsylvania Co. and Pa. RR. Co. through ownership o f stock.
B onds .—Both the mortgages (Guaranty Trust < Safe Deposit Co.,
fe
Ca p it a l Stock .—The stock authorized is : Common, $45,000,000;
trustee) oover $1,390,000 Hartford < Conn. Western stock, etc.
&
preferred, $30,000,000; par,
May
In January, 1894, there were said to be outstanding $235,000 of mon, $24,292,150; preferred, $100. Outstanding held 31,1894, oom$22,591,257; also
in
notes pledged for interest payments, and secured by $407,000 first stocks old companies unexchanged, common, $583,485;reserve for
preferred,
mortgage bonds as collateral.
$380,649. Stook listed, common, $25,539,300, preferred, $24,000,000.
E arnings .—For year ending June 30, 1893, gross, $1,023,218; net,
The preferred stock is “ non-cumulatlve and entitled to a dividend
$34,356; fixed charges, $365,735; loss, $331,380. In 1891-92 gross, of 4 per cent per annum out of the net earnings as declared by the
$666,358; net, $66,675. (V. 56, p. 207, 375, 754, 932; V. 57, pT 218, Board, with the right after 3 per cent has been declared on the
342,684,765, 8 52; V. 58, p. 128,179, 345; V. 59, p. 192.)
common to an additional 1 per cent, making 5 per cent in all.”
P h ila d elp h ia dc T ren ton .—Philadelphia (Kensington), Pa., to After 5 per cent on both common and preferred, the two share pro rata.
D ividends on preferred: In 1891, 3 per cent; in 1892, 4 per cen t;
Morrisville, Pa., 23 miles, double tracked, and branch 3 miles. On Deo.
1,1871, leased with the United Cos. of N. J. for 999 years to the Penn. in 1893, April, 2 per cent; Nov., 2 per cent; in 1894, April, 2 per oent;
in Oct. none.—V. 59, p. 782.
RR. at 10 p. c. on $494,100 stock, the total issue being $1,259,100.
E
k .—In the consolidation Pittsburg Cin.<& St. L. first
P h ila d elp h ia W ilm in g to n & B altim o re .—(See Map Penn. andxchange op Sto c common received
second
preferred for two
B B .)—Operates from Philadelphia to Washington, D. C., and from Wil shares ($50 pref. and old stook; Chicago$100 of new Pittsburg Railroad
each) of
St. Louis <
&
mington, Del., to Delmar, Del., with branches as follow s:
preferred received $66 66 new preferred and $33 34 new common for
Lines owned—
Miles. Delaware RR.1F....................... ..117
old stock; Chicago St.
& Pittsburg old com
Philadelphia to Baltimore....... 94 Delaware Md. & Va.1F«.........
98 each $100 share offor new common, share Louis share.
for
(all double track.)
Baltimore & Potomac H............ 97 mon, exchanged May 31,1894; Pittsb. Cin. & St. L. common, $255,000,
Unexchanged
Branches to Delaware City, etc. 23 other lines..............
155 Chic. St. Louis < Pittsb., common, $564,667, and preferred, $48,353;
fe
Lines controlled, leased, etc.—
Steubenville <
fe
Philadelphia & Balt. Centrallf. 80
Total (1 see this com pany)...664 M. & I. $5,400. Indiana, common, $87,764, and preferred, $2,950; Jeff.
1
Organization.—Penn. RR. owns $10,890,950 stock (mostly pur
B onds .—The consolidated mortgage for $75,000,000 (Farmers’ Loan
chased in 1881), and controls the operation. Ten miles, Fernwood to & Trust Co. of N. Y. and W. N. Jackson trustees) covers the entire prop
Newton Square, Pa., completed in August, 1894.
erty. Consols for $20,813,000 are reserved for the purpose of retiring
Dividends.—From 1868 to 1887, inclusive, 8 per cent yearly; in all sectional bonds. The Railway Company has agreed that it will,
1888 and 1889, 7 ; in 1890, 6; in 1891, 6; in ’92, 7; in ’93, Jan. 4 p. o.; at the time of the maturity of the latter, pay them off, to the end that
the consolidated mortgage may become the first lien on the whole prop
July 3 ^ p. c.; in 1894, Jan., 4 p. o.; July, 3 p. o.
erty. The remainder o f the consolidated mortgage bonds are to be Is
Bonds.—All to be secured by any future mortgage.
sued from time to time for improvement of the company’s property,
A nnual R eport.—Y ear ends Oct. 31. Report for 1892-93 showed the purchase and construction o f additional railway and. for other law
gross earnings $9,868,000; net, $2,653.409; other income, $405,994; ful purposes. All of series A and B, and series C Nos. 20,001 to 23,000,
«surplus over charges, $1,330,640; dividends, $886,451. In 1891-92 inclusive, equaling $23,000,000 in all, are guaranteed unconditionally
gross $9,437,802; net, $2,162,627; surplus over charges, $1,033,183. as to principal and interest by the Pennsylvania Company, in accord
—(V, 56,p. 1 2 6 ; V .5 8 ,p . 177.)
ance with the vote of its Board of Directors, and are so endorsed.
P ied m on t & C um berland.—Road extends from Piedmont, West In Nov., 1894, only $1,508,000 series C bonds had been listed on New
Va., to Cumberland, Md., 29 miles. In February, 1894, the road was York Stock Exchange. The three series are all equally secured. There
leased to the West Virginia Cent. < Pittsb. RR. till Aug. 1,1911, for 37 are 4 per cent car trusts for $262,590 due at various dates. See adv.
fe
per cent of gross earns. Penn. RR. Co. on Dec. 31,1893, owned $200,- Chronicle May 21,1892, and guaranty, V. 56, p. 604.
E arnings .—From Jan. 1 to Oct. 31,1894 (10 months), gross showed a
000 o f the $650,000 stock—par $50. First div.,5 p.c., paid in Mai., 1894.
decrease of $1,715,979 from 1893; net a decrease of $457,449.
For year 1892-93 gross $218,177; net, $79,648; interest, $32,900.
an
Report for 1893 was given In full in v. 58, p. 635,
P in e Creek.—Owns from Stokesdale Junction to Newberry Junc 638, n u a l R eport . —
and showed the following results:
tion, Pa., on the Fall Brook Road, 75 miles. Organization.—N. Y.
Year ending
1891.
1892.
1893.
Central controls the capital stock and the road is leased to the Fall Miles operated Dec. 31. proper)
(system
1,143
1,144
1,144
Brook Railway Co., forming a connection between the Central and Gross earnings........................... $14,895,591
fe
•the Philadelphia < Reading. The 1st mortgage is guaranteed by Operating expenses.................. 10.939.808 $16,160.675 $15.750,808
12,260.984 12,034,631
the Central, the Reading and the Coming Cowanesque < Antrim
fe
(now Fall Brook Ry. Co. (Jointly and severally. See form of guaranty.
Net earnings........................ $3,955,783 $3,899,691
$3,716,177
V. 56, p. 650. Stock, $1,000,000 (par,$50), of which July 1,1893, N. Y.
Net earnings, IncL other ino... $3,961,946 $3,912,605
$3,730,223
Central owned $999,000.
Net earns, of L. Miami & s7
Earnings.—Year ends June 30,1894. Lessee reports gross, $852,470;
profit or loss 8t. L.V. & T. H
367,171
483,983
439,354
net, $353,580; rental, $255,740. In year 1892-93, gross, $986,410;
net, $405,272; rental, $296,795. (V. 59, p. 376.)
Total net earnings............... $4,329,117 $4,396,583 $4/169,577
1 1 »
INYESTOES> SUPPLEMENT.
|Vo l .
Lix.
N ovember , 1894.]
RAILROAD
STOCKS AN D
BONDS.
119
Subscribers w ill confer a great favor by giv in g im m ediate notice o f any error discovered In tbese Tables.
Bonds—Brinci
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Duo
Miles Date Size, or
Amount
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation oi column headings, &c., see notes of
Whom.
Dividend.
Road. Bonds Value.
Cent. Payable
on first page of tables.
(1890 $1,000 $10,000,000
PUts. Ginn. Chic. < St. Louis- ■( Consol.1 “ A,” g.c
&
1 mort. >“ B,” g.c 1,083 < 1892 1,000 10,000,000
( Concluded).—
11892 1,000
2,956,000
( gold. ) “ C,” g.c*
1,000
2,400,000
77 1882
Pittsb. Cleve. < Toledo—1stM., gold,int. guar. B.&O..
&
100 19,714,286
Pittsb.Ft. Waynedt Chic—Stock,7 p.ct.guar.Pa.RR. 470
100 18,877,403
Guaranteed special imp. stock, 7 p. c. guar, by end 470 1871
1st mortgage, series A to F > Sink, fund, cumula-) 468 1862 500 »fee. 5,250,000
5,160,000
2d
do
series G toM ) tive, not drawn.c* > 468 1862 500 &c.
3d mortgage............................................................. 468 1862 500 »fee. 2,000,000
1,000
1.440,000
8 1882
Pittsburg Junction—1st mortgage, gold.................o*
1,000 Jly,’94, none
2d mortgage, for $500,000, g old .........................c* . . . . 1894
500,000
Pitts. June. Terminal 1st M., gold, guar. p. & i —.
50
4,000,000
Pittsburg & Lake Erie—Stock.....................................
1,000
71 1878
2,000,000
1st mortgage, gold.................................................. o
1,000
2,000,000
71 1889
2d mortgage, gold, Series A. & B .......................... c
1884
50
3,959,650
Pittsburg McK. < Yough,.—Stock guar., see text.......
*
57 1882
1,000
2,250,000
1st mortgage, guar, by P. & L. R. and L. S. & M. S.o
1,000
57 1884
900,000
2d M., gu.p.&i. (end.) by P. &L. E. and L. S. &M. S.c
28 1888
1,000
600,000
McKeesport & Belle Vernon, 1st M., gold, assumed
1,000
15 1890
300,000
Pitts. Ohio Val. < G in—1 s tM. gold, s.f.n o t dm.o'
&
1,000
63 1886
1,000,000
Pittsb. Painesville &Fairport—1st M., gold, int. gu.c*
1,000
1889
250,000
Terminal mort., interest guar, by Pittsb. & West.
143 1890
1,000
3,000,000
Pitts. Shenango h Lake Erie—1st mortgage, gold.c
1,000
1893
See text.
Consol. 1st M. for $4,800,000, gold....................c'
...
50
73
2,025,000
Pittsburg Virginia & Charleston—Stock...................
73 1882
1,000
3,000,000
1st mortgage, gold...................................................
30 1878 50Ó &c.
219,000
Pittsburgh: Western—1stM.,Pitts. Newcastle &L. E.
1,000
45 1880
81,000
Old Pittsburg & Western 1st mortgage...............
1,000
310 1887
9,700,000
1st (consol.) mortgage for $10,000,000, gold... .c
324 1891
1,000
3,500,000
2d mortgage for $3,500,000, g o ld ......................c
1882
100,000
Foxburg Bridge Co. 1st M., guaranteed by P. & W.
1,000
3 1890
300,000
Ellwood Short Line, 1st M., gold, gu. by P. & W.
50
1,333.342
125
—
P ittsb u rg C incinnati Chicago Sc St. L o u is.—(Concluded.)—
1893.
1892.
1891.
$2,323,594 $2,387,215
Interest on bonds...................... $2,358,025
813,921
802,084
Rentals paid.............
802,053
102,214
94,897
Car trusts (including interest).
144,826
Interest on L. Miami securities
79,444
48^910
5,682
7,736
Miscellaneous..................... .
Balance, surplus(T_ . . . . . . . . . .
_
$937,033 $1,163,014
$824,634
IT From which dividends of 4 per cent were paid in 1893, 4 per cent
in 1892 and 3 per cent in 1891.
—(V. 56, p. 461, 8 72 ; V. 57, p. 145, 854,1123 ; V. 58, p. 63 5, 63 8 ;
V. 59, p. 782.)
P ittsbu rg Cleveland Sc T o led o.— From Newcastle Junction,
Pa., to Akron, O., 77 miles. Stock, $3,000,000 (par $50), of which Balt.
& Ohio RR. owns $1,505,000. Leased in July, 1884, for 99 years to
Pittsburg & Western. The Baltimore & Ohio guarantees interest on the
bonds (see terms in V. 39, p. 607.) In year ending June 30, 1893,
gross, $787,750: net, $144,772; interest, $144,320; other charges
(net), $3,561. In 1891-92 gross, $585,163; net, $102,751. Loans and
bills payable, $3,076,448, June 30,1893.
P ittsbu rg F o rt W a y n e Sc Chicago.—( See Map Penn. RR.) —
Road.—Owns from Pittsburg, Pa., to Chicago, HI., and br., 470 miles.
Double track, 271 miles, of which part was built in 1893.
Lease, &c.—Foreclosed Oct. 24, 1861, and reorganized. From July
1,1869, leased in perpetuity to the Penn. RR. at a rental equivalent to in
terest, sinking fund of debt and 7 per cent on $19,714,286 stock. The
lessees keep road in repair and pay taxes and expenses. Annual rental
and interest charge, $3,390,000. The profit to lessees has been large.
Capital Stock.—The special improvement stock is issued to Penn
sylvania RR. for improvements, &c., under article 16 of lease, which
provides that the lessor may issue special bonds or stock. See V. 50, p.
139, and wording of endorsement in V. 56, p. 774. Of this stock the
Penn. RR. Jan. 1,1894, owned $2,348,500, and Penn. Co., $7,543,176.
Since Jan. 1,1893, guaranteed special stock has been issued for bet
terments in 1891, $=79,042; m 1892, $2,107,820; in 1893, $1,916,253.
B onds.—The first mortgage is in series of $875,000 each and second
moitgage of $860,000—date of interest payment on each in Supple
ment of March, 1894. Of the above 1st mortgage bonds, $2,333,000,
and of the second mortgage $2,614,000, and $1,930,383 cash, were held
in the sinking funds Jan. 1,1894.
A nnual Report.—Report for 1893 in V . 59, p. 69, showed gross,
$12,659,668; net, $3,712,937; loss on New C. & Beaver Val., $4,118:
profit to lessee over interest, etc., $335,791; also paid to sinking fund
$104,100, leaving a balance of $231,691. In 1892 gross, $12,769,832;
net, $3,576,738. (V. 56, p. 774; V. 57, p. 59, 218; V. 59, p. 69,152.)
P ittsbu rg .Tunetiou.—Owns 8 miles of tracks at Pittsburg,
PenD., connecting the Baltimore & Ohio and the Pittsburg
& Western, which companies in 1882 agreed to pay the Pittsburg
Junction $2 for each car passing over its road. New 2d mortgage for
$500,000, and increase in capital stock of like amount authorized in
1894; proceeds to be used for improvements. In July, the new stock,
but no new bonds, had been issued. In 1892-93 gross earns. $301,696,
agst. $287,114 in 1891-92; net, $222,730, agst. 212,725 ; fixed charges,
$136,205; surplus, $86.525. Common stock is $1,460,000; preferred,
$480,000; par, $50. Dividends of 7 per cent are paid on preferred.
P ittsbu rg Sc L a k e E r ie .—Owns from Pittsburg, Pa., to Youngs
town, O., 68 miles; branch lines to Newcastle, Pa., 3 miles; total
owned, 71 miles (of which 66 double track); leases Pitts. McKeesport &
Yough. (which see), 98 miles; total operated, 169miles. Owns $350,000
stock of the Pitts. Chartiers & Yough.—which see. The P. & L. E. is
operated in interest of L. 8. & Mich. So., which owns $2,000,050 of stock
Dividends.—1884 to February, 1892, inclusive, 6 per cent yearly; in
August, 1892, 5 p. c.; in 1893,10 p. c.; in 1894, Feb., 5 p. c.; Aug., 5 p. c
A nnual Report.—Report for 1892 was in V. 57, p. 21. In 1893 gross
earnings were $4,040,784; net, $1,136,072; interest and rentals,
$707,935; dividends (10 p. c.), $400,000 ; balance, surplus, $28,137.
In 1892 ?ross earnings $4,350,126. Real estate mortgages Jan. 1,
1893, $136,242; balance to credit of income, $1,551,860. (V. 54, p.
6 4 1 , 889; V. 56, p. 375; V. 57, p. 21.)
P ittsbu rg M cK eesport Sc Y o u gb iog b en y.—Owns from Pitts,
to N. Haven, Pa., 57 m.; McKeesp. to Belle Vernon, 28 m.; branches, 11
m.; leases 2 m.; Jan. 1,1893, total, 98 miles, of which 16 miles double
track. Road opened November, 1883, and in 1890 consolidated with
McKeesport & Bellevernon. In July, 1893, a branch to Perryopolis, 5
miles, was completed, and an extension was proposed,
L ease.—Leased to Pittsburg & Lake Erie RR. for 999 years. Rental
is 6 per cent on the stock, principal and interest of the Pittsburg McK.
& Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake
Shore & Michigan Southern companies, the guaranties being endorsed on
the share certificates and bonds. The guaranty of the stock is on the
express condition that the holder shall accept par for the same on July
1, 1934. See wording of guaranty in V. 56, p. 774. Profits to lessees
in 1893, $50,711, of which one-half was payable to the Lake «bore &
Michigan Southern.—(V. 52, p. 126; V. 56, p. 403; V. 58, p. 178.)
4*s g. A. & O. N.Y.,Farmers’ L’n & Tr.
do
do
4*2 g. A. & 0.
do
do
4*2 g. M. & N.
6 g- A. & O. N. Y., Cent. Trust Co.
7 per an. Q .-J . N. Y., Winslow, L. & Co.
do
do
7 per an. Q .-J .
do
do
Various
7
do
do
Various
7
do
do
A. & O.
7
6 g. J. & J. N. Y., 3d N. B. & Pitts.
do
do
5 g- J. & J.
5 g. A. & O.
See text. F. & A. Pittsburg, Co.’ s Office.
do
do
6 g. J. & J.
fc
5 g. A. < O. N. Y., Security & Tr. Co.
6 per an. J. & J. N. Y., Union Trust Co.
do
do
J. & J.
6
do
do
J. & J.
6
J. & J. Pittsb’g, Fidelity Tr.Co.
6 g.
5 g. A. & O. Phil.,Pa.RR.,233 So.4th
5 g- J. & J. N. Y., Mercantile Tr. Co.
do
do
J. & J.
5
5 g. A. & O. N. Y., Central Trust Co.
do
do
5 g. J. & J.
Philadelphia Office.
See text. May.
do
do
A. & O.
5
J. & D. Allegheny,Pa. ,1 stN.Bk.
7
N. Y., Drexel, M. & Co.
6
do
do
4 g. J. & J.
do
do
5 g. M. & N.
M. & S. N. Y., Union Trust Co.
6
New York City.
5 g. F. & A.
See text M. & S. N. Y.. Farm. L. & Tr. Co.
Oct. 1, 1940
Apr. 1, 1942
Nov. 1, 1942
Oct. 1, 1922
Oct. 2, 1894
Oct. 1, 1894
July 1, 1912
July 1, 1912
July 1, 1912
July 1, 1922
July 1, 1922
Oct. 1, 1907
Aug. 1, 1894
Jan. 1, 1928
Jan. 1, 1928
July 1, 1894
July 1, 1932
July 1, 1934
July 1, 1918
Oct. 1,1920
July 1, 1916
July, 1916
Oct. 1, 1940
July 1, 1943
May 1, 1894
Sept. 1, 1912
June 1, 1898
Oot. 15,1900
July 1, 1917
May 1, 1941
Sept. 1, 1902
Aug., 1920
Oct. 19,1894
P ittsb u rg P ainesville Sc F a irp o rt,—Owns from Fairport, O.
to Youngstown, etc., O., 63 miles. Operated at cost by Pittsburg* West
ern, but interest of bonds is guaranteed. Common stock, $800,000; pre
ferred, $250,000 (par, $50), of which in 1892 the Pittsburg & Western
purchased all the common and $160,000 preferred.
P ittsbu rg Sbenango Sc L abe E rie.—(See Map.)—Owns from
Butler, Pa., to Girard, Pa., or Wallace Junction, 107 mues; branches to
Conneaut, etc., 40 miles; leases to terminals, Erie, etc.. Pa., 3 miles;
Meadville Conneaut Lake & Linesville RR., Linesville to Meadville, 2 l
miles; trackage, N. Y. Chic. & St. L., to Erie, 10 m.; total, 18 Lmiles.
Organization, E tc.—In April, 1893, consolidated with the Erie Ter
minal and Conneaut Terminal Co’s. Stock, $4,800,000; par, $50.
B onds.—Consolidated mortgage is for $4,800,000, of which $3,000,000
is reserved to retire the nrst mortgage at maturity and $1,250,000
to redeem a like amount of bonds of the Erie Terminal and Con
neaut Terminal companies, which latter bonds to be canceled. The re
mainder of the authorized issue, $550,000, to be used in payment of
equipment already purchased. The lake traffic secured in 1893 through
the opening of the Conneaut Harbor terminals largely increased the
earnings. In Sept., 1893, made contract with Lake Superior Consol.
Iron Mines for transportation of ore. On July 1,1893, funded debt
was $4,455,451; current liabilities, $827,767. (V. 56, p. 841.)
E arnings.—From Jan. 1 to Oot. 31,1894 (10 mouths), gross, $382,352, against $415,75 L in 1893. From Jan. 1 to Dec. 31, 1893 (12
months), gross, $500,835; net, $191,038; surplus over charges,
$33,038. In 1892 gross $390,903, net, $156,821; surplus over charges,
$4,692.-(V . 56, p. 841; V. 58, p. 69.)
P ittsb u rg V irgin ia Sc C h arleston .—From South Pittsburg, Pa.,
to Uniontown, &o.,Ta., 75 miles. Operated by PennsylvaniaRR. which
owns $1,636,950 stock, and pays net earnings as rental, the bonds
being pledged under its “ collateral trust of 1883.” Stock authorized
(formerly $2,300,000) increased to $6,000,000 iu July, 1894. V. 59,
p. 28. Dividends were formerly 5 per cent per annum, payable in May,
but in May, 1894, only 3 per cent was paid. There are $1,050,000
debenture 5s due Dec. 31, 1895. In 1893, gross, $1,149,058; net,
$293,398.
P ittsbu rg Sc W e ste rn .—(See Map o f Baltimore < Ohio.)—Road—
&
Leased and co ntrolled—
Miles.
Lines owned in fee—
Miles.
............ 77
Allegheny, Pa , to W. Sewickly. 46 Pitts. Cleve. & Totedo IT
Rock Point, Pa., to New Castle 11 Pitts. Painesville & Fairport IT ¡62
12 Elwood Short Line—
Hazleton to Niles..............
W. Sewickley to Rook Point. 3
Frisco to Crowthers.................. 6
Callery Junc. to B utler............. 13
Total | see this co.)...............366
lF
3-ft. gauge lines to Jewett, etc.136
Double track.......................over 40
The 3-foot gauge lines are laid with 40-pound rail; the remainder of
lines owned with 60 to 70-pound steel. Company is said to own nearly
the entire water front at Allegheny, Pa., 7 miles, with terminals, eta.
Organization, Etc.—In Feb., 1891, the Baltimore & Ohio bought
$6,050,000 common stoofc, and in May, 1893, began to use the road as
part of a through passenger route to Chicago. The Allegheny & Law
rence RR. was to be built from Bryant to Moravia, Penn., 40 miles, to
shorten this route and lessen the grade. V. 55, p. 237.
Stock.—Common, $8,500,000, and preferred, $5,000,000, 5 per cent
non-cumulative; both in $50 shares. Control held by Baltimore & Ohio.
Common stock was increased by $1,500,000 in ’92 to purchase $960,000
stock of the Pittsburg Painesville & Fairport, $1,300,000 (of the $1,500,000) stock of the Allegheny & Lawrence (see “ organization” above),
and $382,500 Trumbull & Mahoning securities. V. 55, p. 332, 680.
Bonds.—For abstraot of first mortgage (trustee, Mercantile Trust
Company) see V. 45, p. 439. Second mortgage for $3,500,000 is a first
hen on terminals at Youngstown, O., and on 12 miles of new doubletraok
road along xhe Mahoning River. V. 52, p. 238, 499, 762; V. 56, p. 625.
Real estate mortgages $315,375; car trusts, $448,207. Interest is
guaranteed on $1,250,000 Pitts. Painesville & Fairport bonds.
E arnings.—4 months, (18 9 4........gross, $1,005,698; net, $380,820
July 1 to Oct. 31.
(18 9 3........ gross,
968,842; net, 308,431
Surplus over charges »4 months) in 1894 $88,820.
For year 1893, gross, $2,689,658, against $2,366,478 in 1892.
Far year ending June 30,1893, gross earnings were $2,586,185; net,
$527,274; interest and taxes, $868,391: deficit, $341,117. In 1891-92
gross, $2,402,565; net, $462,326. (V. 55, p. 100, 147, 257, 332, 680,
895 ; V. 56, p. 625.)
P ittsburg Y o u n g sto w n Sc A sh tab u la .—Owns Kenwood, Pa.,
to Ashtabula Harbor, O., 99 miles; Niles to Alliance Junction, O., 25
miles; Canfield Branch, 1 mile: trackage, 3 miles. Total, 128 miles.
Organization.—Consolidation of Ashtabula & Pittsburg and other
roads in 1887. Leased from August 1, 1887, to Pennsylvania Com
pany, which Jan. 1,1894, owned $375,000 common and $1,550,000 pre
ferred stock; rental net earnings. Lease may be terminated at option
of either party on one year’s notice. Stock authorized—Common,
$2,000,000, and preferred, $2,000,000; both in $50 shares.
Dividends.—The dividends due in Sept., 1894, were paid Oct. 19. On
preferred stock at rate of 7 per cent yearly sin» e 1887; on common, in
September, 1$90, 2 ^ per cent; in September, 1891,3 per cent; in 1892,
6 p. c.; in 1893, 6 p. o.; in 1894, March, 3 p. c.; Oot., 3 p. c.
130
J NVTfiSTOKS’
L
SUPPLEMENT.
[Vol. LIX.
Novem ber,
1894. J
KAILROAD
STOCKS
AND
BO^U>S.
131
Subscribers w ill confer a great favor by g iv in g Im m ediate notice o f any error discovered in tbese T a b les.
Bonds—Princi
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,^When Due.
Amount
of
Par
For explanation of column headings, &c., see notes of
When
Outstanding Rate per Payable Where Payable, and by Stocks—Last
Road. Bonds Value.
Wliom.
on first page of tables.
Cent.
Dividend.
Pitts. Young. dt Ash.—( Con.)—Preferred stock........
Lawrence RR. IstM.,Lawrence June, to Y’ngst’n.0
Ashtabula & Pittsb. 1st M., Y ’nget’n to Ashtab.o*
Consol, mort. (for $4,000,000) s. f. 1 p.c., not dr.c*
Pontiac Oxford dt Northern.—Stock.........................
Pt. Jervis Monticello dt N. Y.—1st M.,g($10,000 p.m.)
Port Reading.—1st mortgage, gold, guar..........c*&r
Port Royal dt Augusta—1st mort. and 2d mort........
General mortgage income bonds, gold................ c*
Port Royal <t West Carolina—Augusta & Knox. M.o*
Consol. M. for $2,500,000, redeemable at 110..o*
Portland Saco < Portsmouth—Stock (guar, by rental)
6
Portsmouth dt Dover—Stock, 6 p. c. guar. East. Mass.
Potomac Valley—1st M. $2,000,000, gold,guar..o*<fer
Prescott dt Arizona Central—1st M., g, s.f. not dm .o
2d mortgage, incomes..............................................
Prosp. Pk. dt Coney Isl’d—1st M. ($361,000 7s)c*&r
2d mortgage for $500,000 ($80,000 are 6s) ..c*&r
3d mort.for $200,000 gold ($104,000 are 6s).c*&r
Debentures, income, non-cum................................
Providence dt Springfield—1st M. gold,guar.,p&i.o'
Providence < Worcester—Stock (10 per cent rental).
£
e*
1st mortgage.............................................
•Quincy Omaha dt Kansas City—Pref. 1st mortgage.
1st mortgage.............................................................
Raleigh dt Augusta—1st mortgage, funding..........o*
Raleigh dt Gaston—1st mortgage............................... o
Seab. Air Line Eq. bonds, Ser. A&B, (Jg issue).
Reading dt Columbia—1st mortgage (extended)..c*
2d mortgage, coupon (extended in 1884)............c
Debentures.......................................................
c
Rensselaer dt Sara.—Stock.8p.c.gu.Del.&Hud.)end.)
1st mortgage, consolidated...............................o*<fer
125
17
62
125
100
1865
1878
1887
1887
2 0 1891
112 ’78-’ 82
112 1878
68 1880
227 1887
51
....
.
11
15 1891
73 1886
73 1886
10 1874
10 1886
10 1891
30
51
51
134
134
98
97
1892
....
1877
1887
1887
1886
1873
. 1890-1
40 1862
40 1864
1877
192
79 1871
$50 $1,700,000 7 per an. M. & S. N. Y., Far. L. & Tr. Co.
1,000
310,000
7
F. & A. N. Y., Winslow, L. & Co.
1,000
1,500,000
6
F. & A. Phila., Fidelity Tr. Co.
1,000
1,562,000
5
M. & N. N. Y., Farm. L. & Tr. Co.
100
1,000,000 4 in 1892
1,000
364,000
6 g. J. & D.
1,000
1,500,000
See text.
5 g- J. & J.
500
6
362,000
J. & J. July, ’93, coup, last pd.
100 &c.
1,500,000
6
J. & J.
500 &o.
630.000
7
J. & J. July,’92, coup.last paid
1,000
M. & N.
1.870.000
6
100
1.500.000 6 per an. J. & J. Boston, Treasur. Office.
100
769,000 6 per an. J. & J. Portsmouth, Treasurer.
1,000
See text.
5 g. J. & J.
Baltimore.
1,000
775,000
6 g* J. & J. Jan., ’93, coup, lastpd.
1,000
775,000
6
J. & J. N. Y., when earned.
1,000
500,000 4% & 7 J. & J. 1stNat.Bank of Br’klyn
1,000
420,000 4*2 & 6 F. & A. Of., 4 Court Sq. Br’klyn.
1,000
do
do
200,000 4*2 & 6 g. M. & S.
250.000
1,000
J. & J. Provid’ce, Globe N. Bk.
750.000
5 g100
3,500,000 10 per an Q .-M .
Providence, Office.
1,000
1,500,000
6
A. & O. Prov.,R.I.Hosp.&Tr.Co.
1,000
250,000
5
J. & D. N.Y., Gilman,Son & Co.
1,000
1,489,240 3 ,4 ,5 J. & D. June ’90 coup, last paid.
1,000
1,000,000
6
J. & J. Balt.& Phil. Mech.N.Bk.
1,000
1,000,000
8
J. & J. Balt.& Phil. Meoh.N.Bk.
1,000
197,500
5
J. & D. Balt.Merc.Tr.& Dep.Co.
100 &o.
650,000
5
M. & S. Phila., Phil. &Read. RR.
1,000
do
do
350,000
5
J. & D.
1,000
1,000,000
6
J. & D.
100 10,000,000 8 per an. J. & J. N.Y., Del. & H. Canal Co.
1,000
do
do
M. & N.
2,000,000
7
B onds .—Bonds of 1887 (trustee, Farmers’ Loan & Trust Co.) are re
served to retire divisional bonds. A sinking fund of 1 per cent pur
chases bonds of 1887 at par; otherwise payments lapse.
E arnings.—10 months, ) 1894, gross, $988,361; net, $402,311
Jan. 1 to Oct. 31.
5 1893, gross, 1,142.703; net, 461,253
In 1893 gross earnings, $1,293,816; net, $483,153; interest on bonds.
$189,800; other charges, $1,834; dividends (6 per cent on common,
7 on preferred), $198,736; balance, surplus, $92,783.
P la n t System .—See Savannah Florida & Western.
P on tiac O xford Sc N o rth e rn .—
Operates road from Pontiac,
Mich., to Caseville, Mich., 100 miles. Successor to Pontiac Oxford &
Port Austin RR., sold in foreclosure in 1889. In year 1893 gross earn
ings were $128,444; net, $34,657; dividends (4 per cent), $40,000;
balance, deficit $5,343, against surplus, $9,096 in 1892. Dividends:
In 1890,1 p. c.; 1891, 3 p. c.; in 1892, 4 p. e.; in 1893, 6 p. c.; 1894,
March, 3 p. c. President, Hugh Porter, New York.
P o rt B o y a l Sc A u gu sta.—Owns from Port Royal, 8. C., to Augus
ta, Ga., 112 miles.
Receivership Etc.—Stock is $750,000; par $100, and Central Ga.
July 1,1892, owned $401,500 stock and $1,176,600 general mortgage
bonds. Central of Georgia is in receiver’s hands, but interest due July,
1892, and Jan. and July, 1898, on the P. & A. first and second mort
gages was paid at maturity; January, 1894, interest was not paid. In
May, 1893, J. H. Averill was made receiver of the P. R. & A. in the suit
brought bv the State of South Carolina. First mortgage ($250,000)
may be redeemed at any time at 105.
E arnings.—7 months,
> 1894, gross, $158,220; def., $4,071.
Jan. 1 to July 31,
>1893, gross, 164,894; net, 20,943.
In year ending June 30, 1893, gross, $269,538; net, $21,975. In
calendar vear 1892 gross $238,718, against $359,749 in 1891. In year
’ 90-91 gross $364,707; net, $73,935. (V. 56, p. 836,972 ; V. 57, p. 939.)
P o rt B o y a l Sc W e s t e r n C arolina.—Owns Augusta, Ga., to
Spartanburg, S. C., Laurens to Greenville, S. C., and McCormick to
Anderson, S. C., 230 miles. A consolidation in 1886 of the Augusta
& Knoxville, &c. Interest oh Augusta & Knoxville bonds due Jan. 1,
1893, went to default. Foreclosure suit was instituted in May, 1893,
and on June 28, ’ 93, J. B. Cleveland was made receiver. See V. 56, p. 972.
Stock.—Common, $1,234,000 and 6 p. o. non-cum. pref., $184,000—
par $100. Central RR. of Georgia July 1,1892, owned $1,767,000 of
the above bonds, $694,000 common stock and all the preferred.
E arnings. — From January 1 to June 30, 1894 (6 months),
ross earnings $174,414, against $158,635 in 1893. In year ending
une 30,1893, def. under oper. exp., $129,536. In calendar year 1893
ross $366,682, agst. $295,004 in 1892. In year 1890-91, gross, $428,26, against $380,291 in 1889-90 ; net over expenses, betterments and
taxes, $7,155, against $9,703; charges, $156,300. (V. 56, p. 972.)
P o rt B ea d in g .—Owns 20 miles of road, completed in Sept. 1892
from Bound Brook, N. J., to Staten Island Sound, where extensive
terminals were established. Capital stock authorized $2,000,000—
outstanding, $1,565,000, par $100. The Philadelphia & Reading RR.
Co. guarantees the bonds, principal and interest, by endorsement on each
bona, but see that company. (V. 54, p. 762; V. 55, p. 544, 639, 680.)
P o rtla n d Saco Sc P o rtsm ou th .—Portland, Me., to Portsmouth,
N. H., 51 miles. It was leased May 4,1871, in perpetuity to the Eastern
Railroad, Mass, (now merged in Boston & Maine), at 10 per cent on
stock. Lease rental changed May 21,1877, and now 6 per cent.
P o rtsm ou th Sc D over.—Portsmouth, N. H „ to Dover, N. H., 11
miles. Opened February 1,1874, and leased for fifty years to Eastern
New Hampshire at 6 per cent per annum on the stock, rental guaran
teed by the Eastern RR. of Mass. Lease assumed by Boston & Maine.
P otom ac V a lley.—In September, 1893, completed from Williams
port, Pa., to Cherry Run, W. Va., on the B. & O., 15 miles, and from
Porters, Pa., to York, Pa., about 16 miles. Road also to be built
from York to the Philadelphia & Reading RR. near Mari
etta, Pa., and from Thomasville, Pa., to the Philadelphia Har
risburg & Potomac Railroad, 8 miles west of Harrisburg, 21
miles, making total mileage 65 miles. The property is leased to the
Western Marylana, and the bonds have principal and interest guaran
teed, jointly and severally, by the Western Maryland RR. Co. and the
Baltimore & Harrisburg RR. Co., and are so endorsed. They are also se
cured by traffic contracts with these companies. (Y. 52, p. 121.) In
Nov., 1893, $737,000 bonds were out, of which $177,000 as collateral.
Prescott Sc A rizon a Central.—Owns from Seligman, on the
Atlantic & Pacific RR. to Prescott, Arizona, 73 miles. Stock, $1,200,■000. Central Trust Co., is mortgage trustee. July, 1893, interest on first
mortgage bonds was not paid. W. N. Kelly was made receiver. In
November, 1893, operation of road was suspended. As to suit against
Atchison Topeka & S. Fe in 1894, see Y. 59, p. 601.
Earnings.—In 1891 gross, $139,822; net, $60,907, against $82,269
in 1890; fixed charges, $59,290 ; surplus, $1,617. Office, 15 Wall St.
Y. 59, p. 601.
Prospect P a rk Sc Coney Isla n d .—Owns from 9th Avenue and
20th Street, Brooklyn, to Coney Island, etc., 6 miles; leases to Coney
Island Point, etc., 2*2 m iles; other, 1 m ile; trackage, Parkville to Bay
Ridge,
m iles; total, 13 miles. Stock is $250,000; par, $100.
f
f
Oct. 19,1894
Aug. 1, 1895
Aug. 1, 1908
Nov. 1, 1927
<*)
Deo. 1, 1927
Jan. 1, 1941
1898 & 1899
Jan. 1, 1899
July 1, 1900
May 1, 1937
July 16,1894
July 2, 1894
Jan. 1, 1941
Jan. 2, 1916
Jan. 2, 1916
Jan. 1, 1895
Feb. 1, 1926
Meh. 1, 1931
May 1, 1920
July 1, 1922
Sep. 29,1894
Oct. 1, 1897
Deo. 1, 1917
Deo. 1, 1917
Jan., 1926
Jan. 1, 1898
$25,000 J’ne 1
Moh. 1, 1912
June 1, 1904
Dec. 1, 1917
July 2, 1894
May 1, 1921
H istory .—The Long Island RR. acquired controlling i terest in stock
in 1893, and in consideration of a guaranty by that con ipany, annual
interest on the greater part of P. P. & C. I.’s bonded debt was reduced
from 6 and 7 per cent to 4 1 per cent. See V. 56, p. 42.
a
Securities.—On June 30,1894, there were mortgages on real estate
for $14,883, and $104,972 loans and bills payable. The company sold
its horse-car property and franchises to the Atlantic Horse RR. Co.,
and holds a 5 percent bond and mortgage of that company for $420,000.
E arnings.—For year ending June 30,1894, gross, $144,920; deficit
under operating expenses, $5,287; income from rents, $18,533; charges,
$59,541; deficit, $49,295. In 1892-93 gross, $171,332; net, $31,273;
Total deficit June 30, 1894, $174,484.
—(V. 55, p. 3 7 2 ; V. 56, p. 42,164; V. 57, p. 5 47; V. 59, p. 37 6 .)
P r o v id e n c e Sc S p r in g fie ld .—Providence, R. I., to Douglas, Mass.»
on the N. Y. & N. E. mainline, 30 miles. Stock is $517,450 (par, $100)»
a majority of which was acquired in July, 1890, in interest of the New
York & New England, and road Leased to that company for 99 years
from October 1 at 6 per cent on stock. See V. 51, p. 458; V. 55, p. 177.
The bonds are guaranteed by the New York & New England RR., and
were to be guaranteed by the City of Providence, but certain taxpay
ers secured an injunction in Deo., 1893, restraining the city. Feb. 28,
1894, injunction was continued. V. 57, p. 1123. Earnings.—In 1893
gross, $182,450; net, $28,073.
P r o v id e n c e Sc W o r c e s t e r .—Owns from Providence, R. I., to
Worcester, Mass., 44 miles, of which 5 miles are owned jointly with
Boston & Providence; branches, 7 miles; total operated, 51 miles;
From July 1,1892, leased for 99 years at 10 per cent per annum on
the stock to the N. Y. N. H. & Hartford. Extra dividend o f 4*9
per cent was paid out of assets in March, 1893. In 1892-93, total
income was $491,511; surplus after expenses, oharges and 10 per cent
dividends, $43,973, against $8,767 in 1891-92. Total surplus June 30,
1893, $208,309. (V. 48, p. 829; V. 51, p. 681; V. 56, p. 83.)
A k u ln ey O m aha Sc K a n sa s City.—West Quincy to Trenton, Mo.,
134 miles; trackage (C. B. & Q.), to Quincy, 3 miles.
H istory .—Successor to Quincy Missouri & Pacific sold in foreclosure
and reorganized. Default was made on Dec., 1890, coupons, but pref.
1st mortgage coupons have sinoe been paid in full. The stock is
$1,489,240 (par $100).
E arnings.—9 months,
> 1894, gross, $193,322 ; net, $54,621.
Jan. 1 to Sept. 30.
> 1893, gross, 230,679; net, 54,636.
For year ending Dec. 31,1893, gross earnmgs were $271,013, against
$279,035 in 1892; net, $67,383, against $65,744.
i > alelgli Sc A u g u sta .—Owns from Raleigh, N. C., to Hamlet, N. C.,
" » 97 miles; Hamlet to Gibson, 10 miles; leases Monoure to Pittsboro,
12 miles; total, 119 miles. Controlled by Raleigh & Gaston, which July
1,1893, owned $772,200 stock, and so by Seaboard & Roanoke. Stock
is $873,600; par, $100. In 1892-93 gross earnings, $306,587; net,
$66,708; surplus (including other receipts) over fixed charges, $3,599,
agst. $2,671 in 1891-92; net current liabilities July 1,1893, $306,896.
B a le ig h Sc Gaston.—Owns from Raleigh to Weldon, N. C., 98 miles
and Louisburg branch, 10 miles. Controls Raleigh & Augusta RR., 107
miles, and has large interest in Durham & Northern RR., Durham to
Henderson, N. C., 42 miles; and with Seaboard & Roanoke controls
Carolina Central; also controls Georgia Carolina & Northern and
jointly guarantees the bonds. Seaboard & Roanoke owns $742,200 of
the Raleigh & Gaston $1,500,000 stock; par, $100.
D ividends .—In 1889,1890 and 1891, 6; in 1892,4 p. c.; none since.
E arnings.—In year ending June 30, 1893, gross, $475,675; net
$147,909, against $151,722 in 1891-92; Income other souroes, $81,269;
interest paid, $80,000; dividends (2 p. ct.) $30,000; “ other deductions,”
$138,069; deficit for 1893, $18,891, against surplus $16,547 in 1892.
B ea d in g Sc C olu m b ia.—Owns from Columbia to Sinking Springs,
Pa., 4 0 m iles; branches, 1 3 miles; Lancaster A Beading RR. (narrow
gauge), leased, 15 miles; operates Marietta Junction to Chickies, 6
miles; total operated, 74 miles. Quarryville branch of Lancaster &
Read, was sola in June, 1894, at auction. Stock, $958,373 (par, $50),
of which $786,300, witn the $1,000,000 debentures, are owned by Phil.
& Read, and deposited under its coll, trust of 1892. The road is con
trolled and operated by the Phila. & Read., but aocounts kept separate.
In year ending Nov. 30, ’93, gross earnings were $328,051; net, $94,427;
interest and rentals, $130,360; deficit for year, $35,933. In 1891-92
gross $348,334; net, $85,464. Total deficit to Nov. 30, ’93, $1,319,791.
B ensselaer Sc Saratoga.—The line of road is as follow s:
Road owned—
Miles.
Leased ( Continued) —
Miles.
Troy to Lake Champlain.......... 79 Vermont line to Castleton, Vt. 7
Leased—
Eagle Bridge, N. Y., to Rut
Troy to Waterford June., etc.. 7
land, V t................................... 62
Schenectady to Ballston........... 15
Total operated..................... 192
Ft. Edward to Caldweil............ 15
Whitehall to Vermont line....... 7
Lease.—Leased in perpetuity March 1,1871, to the Delaware & Hud
son ; rental, 8 per cent on the atoo a and interest on the bonds. Word
:
ing of guaranty on stock was in V 56, p. 773.
E arnings.—For year to June 30, 1894, gross, $2,174,133, against
$2,510,925 in 1892-93; net, $758,395, against $1,002,017; deficit under
charges and taxes, $434,778. (V. 56, p. 290, 793; V. 57, p, 300, 809;
V. 58, p. 306, 817; V. 59, p. 291, 880.)
122
IN V E S T O R S ’
SUPPLEM ENT,
[VOL. L I X
Subscribers w ill confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
RAILROADS.
on first page of tables.
Mich.Fred, a Pot.—St’k,com. ($1,071,100 div.,oblig.)
Stock, guar. 7 p. c., except $19,300 guar. 6 p. c ..
1st mortgage, convertible ($26,840 are 7 s )........
do
do
........ .......... ......... . . . . . .
do
coupon bonds due in London........
do
do
due In U. S . . . . . . ___
do
certificates of debt, due in U. S___
2d mortgage
do
do
....
Richmond & Mecklei. burg—1st mortgage..............
Rich. Nichol. Ire. <tB.—1st mortgage, gold............ e
Michmond & Petersburg—Stock............. . .......... .
First mortgage ($30,000 are 7s)................... .
Consolidated mortgage for $1,000,000, gold__ e
Richmond York River & Chesapeake—See Southe
Bio Qrande Junction—Stock.................. ................
1st mortgage, gold, guar, jointly........................c
Bio Qrande Southern—Stock, $25,000 per m ile.. . . .
1st mortgage, $25,000 per mile, gold.____...c*<fcr
Rio Qrande Western—Common stock............. .
Preferred stock ($7,500,000 authorized) .............
1st trust mortgage, for $16,000,000, gold........ c*
River Front—Stock, 5 per cent, guar. Penn. R R _
_
1st mortgage, guar. p. & i. by Penn. R R ............
Roanoke < Southern—Stock..... ........................ ........
£
1st Mortgage, gold, $15,000 p. in., guar, p, & i...e*
Equip, trust ($210,000) guar, p. &I. by N. &W. .c*
Mach. < Genesee Val.—Stock, 6% rental N.Y.L.E.&W.
6
Rock Island < Peoria—Stock........... .......... ..............
&
1st mortgage............... ........ .......................... ,. . . r
Consolidated 1st mortgage....................................r
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
of
Par
Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
Whom
Dividend.
..
....
$100 $2,238,000 7 per an
& J. Phila. & Richmond,
Ji ly 2, 1894
__ ....
100
500,400 7 per an
& N.
do
do
May 1, 1894
79 1856 Various
35,370
& J. [
6&7
do
do
July, 1895
79 1856 Various
99,070
5
& J.
do
do
1901
79 1858 Various
48,687
5
& J.
do
do
1901
79 1870 Various
300.000
& N.
6
do
do
1901
79 1858 Various
83,363
7
& J.
do
do
July, 1899
79 ’44-66
53,511
5
& J.
do
do
1901-1902
79 1890 $1,000
500.000
& O. N.Y., Phila. or Richm’d, Apr. 1, 1940
4*2g.
31 1882
315.000
6
& N.
Nov., 1921
1889
1,000
2.375.000
& J.
In default.
July 1, 1919
6 «•
23
100
1,000,000 See text,
& J.
July 2, 1894
Richmond, Office,
23 1875 500 &e.
380.000 6 & 7
& N.
do
do
May 1, 1915
27 1890
1,000
4ifig.
300.000
& O. N. Y., Brown Brothers. Apr. 1, 1940
RN RA ILWAY Co.
62
100
2,000,000
62 1889
1,000
1.850.000
5 g- J. & D. N. Y., Maitland, P.& Co, Deo. 1, 1939
180
100
4.510.000
180 1890
1,000
4.510.000
5 g- J. & J. July, ’93, coup, last pd July 1, 1940
__
100 10,000,000
N. Y., office, 32 NassauSt.
529
100
6.250.000 See text. Q .-F .
do
do
Aug. 1, 1893
433 1889 l , 000&e 15,200,000
J. & J. N. Y ., State Trust Co. July 1, 1939
..
50
216.000
All owned by Penn. RR.
i*
1882
1,000
216,000
4*2
Phila., Co.’ s Office.
May 1, 1912
122
100
2,396,450
122 1892
1,000
2.041.000
5 g. M. & S. N. Y., Ed. Sweet & Balt. Mch. 1. 1922
1891
1,000
106,000
6
J. & D. Balt. Merc. Tr.&Dep.Co. $21,000 Dec. 1
18
100
555,200 6 per an. J. & J. N.Y.,by N.Y.L.E.&W.Co July 2, 1894
113
1.500.000 5 per an. J. & J. N. Y., Com Exch. Bank. July 2, 1894
91 1878 25,000
150.000
10
J. & J.
do
do
Jan, 1, 190®
113 1885
5,000
6
450.000
J. & J.
do
do
Jan. 1, 1925>
R ic h m o n d Sc D an ville.—See Southern Railway Co. For state
ment previous to reorganization see Supplement of May, 1894.
R ic h m o n d Fredericksburg Sc P o to m ac.—Owns from Rich
mond, Va., to Quantico, 79 miles; James River branch. 3 miles; leases
Quantico to Junction, etc., 3 miles. The dividend obligations receive
same dividends as common stock, but carry no voting power. The
guaranteed stock is said to be secured by a mortgage ahead of the
consols. Consols are reserved for prior bonds maturing.
Dividends of 7 percent paid on common stock and dividend obliga
ft ??8 1888 and 1889; in 1890, 6 1 per cent; in 1891, 7 per cent; in
a
1892, 7 ; in 1893, 7 p. e.; in 1894, Jan., 3*2 p. c.; July, 3 p. c.
E arnings.—3 months. > 18P4, gross, $157,805; net, $50,166.
July 1 to Sept. 30. 5 1893, gross, $150,459; net, $31,628.
In 1893-94 gross, $673,520; net, $230,363. Year to June 30,1893,
gross, $783,400; net, $285,967; other income, $12,882 ; surplus over
int. and div., $47,099, against surplus of $49,833 in 1891 92; better
ments, $13,280. (V. 53, p. 75 3 ; V. 55, p. 9 7 7 ; V. 57, p. 1082.)
R ic h m o n d & M ecklen bu rg.—Owns road from Keysville, 7a., to
Clarkesville, Va., 31 miles. Formerly leased to Richmond < Danvile,
&
but excluded from system by Richmond Terminal reorganization pla-i
as modified Feb. 20,1894. Road is operated by Southern Ry. Co. under
operating contract by which R. & M. gets the net earnings and certain
per cent on traffic derived from Southern Ry. within limited territory.
Stock.—$357,900; par $100. Bonds.—There is also a second mortgage,
due 1937 for $160,000 at 6 p. c., all the bonds being owned by R. T. Clo.
R ic h m o n d Nicholasville Irvin e Sc R eattyvllle.—Line oi
joad—Versailles, Ky., to Beattyville at the Three Forks of the Kentucky
River, 97 miles, of which 62 miles, Versailles to Irvine, Ky., are in
operation. In Dec., 1891. John MacLeod was appointed receiver.
Foreclosure sale has been postponed. Proposition for reorganization
of the road is under consideration.
In April, 1894, bondholders were said to have made arrangements
to buy the road at foreclosure and extend it to Beattyville, 36 miles.
V. 58, p. 683. The claims against the company are said to be about
$1,000,000. Stock authorized, $2,425,000; par, $100. The guaranty
placed on certain of the bonds by officers of the Louisville New Albany
& Chicago was declared illegal by Judge Barr in Federal Court at
Louisville, Ky., in September, 1894. (See L. N. A..& C. item, V. 59, p.
473.) But in October, 1894, an appeal was taken from this decision.
--(V . 55, p. 257; V. 58, p. 683 1036; V. 59, p. 153.)
„R ic h m o n d Sc Petersburg.—Owns from Richmond to Petersburg,
Va., 23 miles. James River branch, 4 miles.
Dividends since 1883—In 1884,1885 and 1886, 5 per cent; in 1887,
6; from 1888 to July, 1894, inclusive, 7 per cent per annum.
E arnings.—3 months, > 1 8 9 4 ....gross, $82,906; net, $17,496
July 1 to Sept. 30.
5 1 8 9 3 ....gross, 77,084; net, 13,264
A nnual R eport.—Fiscal year ends June 30. For year 1893-94
ross from traffic (not including “ misoel. income” ), $318,011, against
359,773 in 1893; net, $70,888, against $105,207. Annual report for
¿892-93 in V. 58, p. 126, showed gross receipts, $401,435 ; net, $146,8 69; total net income, $152,141; interest, $36,600; dividends, $70,000.
For 1891-92 net, $126,298.— (V. 55, p. 9 7 7 ; V. 58, p. 1 2 6 .)
R ic h m o n d Y o r k R iv e r Sc Chesapeake.—Sec Southern
Railway Company.
R ic h m o n d Sc W e st P o in t T erm in al R a ilw a y Sc W a r e
house Co.—See Southern Railway Company. For statement previ
ous to reorganization see Supplement of May, 1894.
R io Grande J u n ction .—Owns road from Rifle Creek, Col., to a
connection with the Rio Grande Western at Grand Junction, 62 miles.
This is a connecting link in the standard-gauge route between Ogden
and Denver and Colorado Springs. Leased b y Colorado Midland and
Denver & Rio Grande at 30 per cent of gross earnings, which companies
jointly and severally guarantee the bonds, principal and interest.
Stock is $2,000,000 (par, $100), of which Colorado Midland (Atchison)
July 1 1892j owned $737 150 (V 51, p. 829, 830; V. 52, p. 204.)
R*o Grande Southern.—(See Map Denver < Rio Qrande.)—Road
6
completed Jan., 1892, from Dallas (new name Ridgeway), Col., on the
De?ver& Rio Grande, southerly to Durango, 162 miles, and branches to
Tefiuride and coal fields near Hesperus, 18 miles, all narrow gauge. Built
in the interest of the Denver & Rio Grande. Mortgage (trustee, Central
Trust Company of New York) is for $5,000,000 at $25,000 per mile on
road and equipment. See abstract of mortgage V. 54, p. 163, and
application to New York Stock Exchange in full in V. 54, p. 446. On
Aug. 1, 1893, E. T. Jeffery was appointed receiver. V, 57, p. 218.
f
E arnings.—9 months, ( gross, $265,743; net, $127,829.
January 1 to Sept. 30. {gross, 377,412; net, 160,105.
I? year ending June 30, 1893, gross earnings, $710,218; net, $310,income, $53,550; int. charges, etc., $279,752: balance, surp}U8’
In 1-891-92 gross, $491,607; net, $267,400; balance, sur
plus, $127,400.—(V. 55, p. 463, 7 6 4 , 1036; V. 57, p. 218, 1 0 3 7 .)
R io Grande W e ste rn .—( See M ap.)—L ink op Road—Owns Ore.
vasse, Col., to Ogden, Utah, 310 m , to Wasatch, Bingham, Coal Mines,
etc., .51 m.; San Pete branch, Thistle to Manta, 61 m iles; Sevier Railway
proprietary line—all securities owned), Manti to Salina, 26 miles;
lintlo Range Ry. (proprietary line, all securities owned)—Springville
to Mammoth, and spurs, 54 miles; total owned, 502 miles. Leases Cre-.
vasse to Grand Junction, 18 miles. Total operated, 520 miles, o f
whi< h 2 miles owned jointly with Union Pacific. All the main line islaid with 65 lb. steel. Also owns 11 miles of tramways.
H istory .— Formed in June, 1889, to succeed the Denver & Rio
Grande Western, by plan of March, 1889, for widening gauge and re
tiring old securities with new issues. Sfee V. 48, p. 429; V. 52, p. 941.
Capital Stock .—Preferred stock is entitled to 5 per cent dividend,
non-oumulative, then common stock to 5 per cent, after which both
classes of stock snare pro rata.
D ividends.—Preferred stock—A dividend of 2*9 per cent in preferred
stock was paid February, 1891, and the first quarterly cash dividend
of 1*4 per cent May, 1891; Aug. H4; Nov., It*. In 1892, 5 per cent;
in 1893, Feb., 1*4 per cent; May, l x ; August, 1*4 p. c.; in Nov. none..
4
See V. 58, p. 384.
B onds.—See abstract of mortgage (Central Trust co., trustee) in V.
49, p. 237, and statement to New York Stock Exchange in V. 50, p. 73.
In December, 1893, $1,200,000 fi-'st mortgage 4s were issued to fund
floating debt ($731,000) and for improvements. This mortgage cover»
the 433 miles o wned in fee, including 11 miles of tramways, but not
the Sevier Rv. securities nor the Untie Range securities, both of which
issues are held as available assets in the treasury. On June 30,1894,
there were $800,000 firsts in the treasury,
E arnings.—3 months,) 1894, gross, $559,926; net, $183.791
July 1 to Sept. 30.
5 1893, gross, $562,279 ; net, $230,094
A nnual Report.—Fiscal year ends June 30. Annual meeting is held
on fourth Monday in October. Full report for 1893-94 with balance
sheet, etc., was in V. 59, p. 672, 696. 698.
Year end. June 30—
1891.
1892.
1893.
1894.
Average m ileage........
407
512
514
519
Dross earnings............$2,346,130 $2,643,924 $2,496,462 $2,101,318'
Net earnings..............
854,520
910,497
822,733
647,082
Net incom e.................
856,783
928,571
846,468
670,690
interest on bonds........
535,500
560,000
560,000
586,088
Rental, etc...................
15,144
37,120
60,558
75,252
Dividends...................
255,369
312,398
312,416
........
Total payments.. $806,013
$909,519
$932,974
$661,340
Balance..............sur. $50,770 sur. $19,051 def.$86,506
sur. $9,35®
-(Y . 55, p. 100, 420, 1063, 1 0 T 7,1079: V. 57. p. 91, 894, 9 2 0 ,9 3 7 .
9 3 9 ,1040; Y. 58, p. 384; V. 59, p. 234, 6 7 2 , 6 9 6 , 698.)
Rochester Sc Genesee V a lley.—Owns from Avon to Rochester.
N. Y., 18 miles. Leased July 1,1871, in perpetuity, to Erie Railway.
Rental, $34,012. James Brackett, President. Rochester, N. Y.
R o ck Isla n d Sc P eoria.—Owns from Rock Island, 111., to Peoria,
ill., 91 miles; Rook Island & Mercer County Railroad, 22 miles; total,
113 miles. The Peoria & Rock Island was sold in foreclosure April 4,
1877, to the bondholders. In year 1892-93 gross earnings were
$682,720; net, $279,144; surplus over interest, taxes, &o., $220,035;
dividends, 5 per cent, $75,000. In year 1891-92, gross earnings,
$759,208. Semi-annual dividends at 5 per cent per annum have been
paid. President, R. R. Cable.
R o ck y F o rk Sc Cook City.—See M iscellaneous Companies.
R om e Sc C lin ton .—Owns road from Rome to Clinton, N. Y., 13
miles. Organized in 1869. Leased in perpetuity in 1891 to Delaware
<; Hudson Canal Co. and operated by N. Y. Ontario & W. Capital
&
stock, $315,360. For year ending June 30, 1893, rental, $21,875;
other income, $900; sundry expenses, 10,171; dividends (6*4 per cent),
$21,581; balance surplus, $23. Total surplus June 30,1893, $14,716.
R o m e W a t e r t o w n Sc O srd en sbn rg.—(See Map New York Cen
tral dt Hudson River Railroad.)—Owns from near Niagara Falls to
Massena Springs, N. Y., 299 miles, less 28 miles, Richland to EastOs wego, leased from the Oswego & Rome RR.; Richland to Rome.41 miles;
branches to Cape Vincent, Ogdensburg, Pulaski, Fulton, etc., 109 miles;
total owned, 421 miles. Leases Utica & Black River Railroad, Utica to
Ogdensburg, and Clayton branch, 150 miles; Oswego & Rome Railroad
as above, 28 miles; Carthage Watertown & Sackett’s Harbor, 30 m .;
total, 629 miles. Also trackage—to Niagara Falls, 2 miles; Fulton to
East Oswego New York Ont. & Western 12 miles.
L ease .— In March, 1891, leased during its corporate existence
and renewals thereof to the New York Central & Hudson River RR.
Co., which assumes the debt and guarantees 5 per cent on the stock.
For wording of guaranty see V. 52, p. 463. Stock increased $50 >.000
(to $10,000,000) in May, 1894. Earnings ara included in lessee’s.
D ividends .—From 1887 to February, 1891, both inclusive, at rate of 6
per cent yearly; March, 189 1, 20 per cent in stock; in May and there
after 5 per cent per annum guaranteed.
B onds.— Utica < Black River is leased in perpetuity, interest on bonds
£
and 7 per cent on stock being guaranteed. The first mortgage oonds o f
1890 are guaranteed, p. and i., by the R. W. & O.; they are a first mort.
on 134 miles and second nmrt. on 16 miles. See V. 50, p. 771. In 1893
$500,000 Utica & Black River firsts were issued to take up that amount
of Black River & Morristown first 7s due Jan. 1,1894.
The Oswego < Rome road is leased in perpetuity, and the second
£
mortgage bonds guaranteed by Rome Watertown & Ogdensburg.
Rome Watertown & Saokett’s Harbor is leased for 37>a per cent o f
gross earnings. (V. 53, p. 713,793,1015; V. 57, p. 1124; V. 58, p. 733.)
12 3
RO N D S.
AND
STOCKS
R A IL R O A D
September , 1894.]
134
INVESTORS’
SUPPLEMENT.
rvoL . i i x .
Subscriber» w ill confer a great fa v or by g iv in g im m ediate notice o f a n y error discovered in these T a bles.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per When
of
of
Par
Where Payable, and by
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Some ( Qa.)—Mortgage for $2,000,000..................e* ___ 1890 $1,000
(»)
5 g. F. & A.
Home < Clinton—Stock............. ............. •
6
................. ....
....
100
345,360
6% J. * J.
Some Watertown < Ogdensburg—Stock, guar, (end.) ....
6
....
100 $10,000,000 5 per an. Q.—F. N. Y.. Gr. Cent. Station.
1st M.,Wat. & R.,Rome to Cape Vin.,s.f.,not dr’n.o*
97 1855 l o o < 0.
&
417,800
6
M. * S.
do
do
Syracuse North’n, 1st M. Syracuse to Sandy Cr.o*
45 1871
1,000
500,000
7
J. & J.
do
do
Consol, M. (Int. but not prin. payable in gold). .c. All 1874
1,000
9,076,000
5
A. & O.
do
do
....
Oswego Bridge and Syr. Ph. & Os. 1st mortgages
18 1885
275,000 6 & 6 g. F. & A.
do
do
....
Norw’d & Mont. 1st M., g., $360,000; $10,000p.m.
13 1886
130,000
5 g. A. & O.
do
do
R. W .& Og.Term.RR. 1st M.,gold, assumed....o*
14 1888
1,000
375,000
5 g- M. & N.
do
do
Oswego & Rome, 1st mortgage, guaranteed..........
28 1865
1,000
350,000
7
M. & N.
do
do
2d M., gold, guar p. & 1. (end) by R. W. & O..o*
28 1891
1,000
400,000
5 g. F. & A.
do
do
....
N. FallsBr. RR. stk., ($243,000own. by R.W.&O.)
9
250,000 7 per an.
do
do
Utica & Bl. Riv. st’k,7 p. c. perpet. gu. by R. W. & O. 150 ’ 68-71
100
2,223,000 7 per an. M. * S.
do
do
Clayton < Theresa 1st mortgage.......................c
fc
16 1873 500 &o.
200,000
7
J. & J.
do
do
U.&B.R.lst M .,$2,000,000, g., gu. p.&i.(end.).o 134 1890
1,000
1,750,000
do
do
4 g. J. & J.
Muperl < Bloomsb'g—1st M.gu.p.&i.(ena.)P.&R.g.e
e
2 1889
1,000
50,000
5 g. J. & J.
Philadelphia.
Rutland—Stock, preferred........................................ . 120
....
100
4,239,100 4 per an. J. & J. Rutland, Clem. Nat. Bk.
1st mortgage (8 per cent, reduced to 6)..... ........ c 120 1872 100 &o.
1,468,100
6
M. & N. Boston. Globe Nat. Bk.
2d mortgage and first on rolling stock................ c 120 1878 100 &c.
5
F. & A.
1,491,900
do
do
First consoL mort. for $3,500,000, gold........ c*<fcr 120 1891
1,000
540,000
4!flg. J. & J. N. Y.. U. S. Mort’ve Co.
£fag.Tuscola<6 Huron—le t M. ,$15,000 p.m.,gold.o*
67 1891
1,000
See text.
5 g. M. * S.
■Saginaw Valley < St. Louis—1st mortgage_ c&r
£
_
36 1872
1,000
446,000
8
M. & N.
See text.
....
St. Clair Mad. < St. L. Belt—1st M., g., sud. to call.
£
1893
500,000
5
J. & J. N. Y., Central Trust Co.
St. Johnsbury < Lake Champlain—Common stock..
6
50
2,550,090
Preferred stock.........................................................
50
1,298,500
First mort., ($1,328,000, guar, by B. & M.)gold.c* Ï3 Ï 1894
1,000
2,068,000
5 g. M. & S. Boston, Comp’ys Office.
St. Joseph <t Grand Islandr—
Stock.............................
,.
100
4,600,000
1st mortgage, gold., interest guar, by U.P........ o* 252 1885
1,000
6,998,000
6 g. M. & N. Nov., ’93 coup, last pd.
2d mortgage, income, gold.................................o*
252 1885
1,000
1,679,000
See text.
5 g- J. & J.
Kan. C. AO. RR. lstM.($15,000p.m.)g.,tot.gu.c*<fcr 196 1887 50Ó &c.
2,713,000
5 g. J. & J. July, ’93, coup, last pd.
St. L . Alton A Springfield.—See St . L ouis Chicago * St. P a UL.
St. Louis Alton < Terre Haute—Common stock.......... —
£
100
—
3,447,900
Bourfs—
Princi
pal, When Due.
Stocks—Last
Dividend.
Feb. 1,
«)
Nov.lff,
Sept. 1,
July 1,
July 1,
Feb. 1,
t&y i;
May 1,
May 1,
Nov. 1,
Sept. 29,
July 1,
July 1,
July 1,
July 2,
Nov. 1,
Aug. 1.
July 1,
Sept. 1,
May 1,
July 1,
1920
1894
1910
1901
1922
1915
1916
1918
1915
1915
1894
1894
1898
1922
1919
1894
1902
1898
1941
1931
1902
1933
Moh. 1. 1944
May 1, 1925
July 1, 1925
Jan. 1, 1927
R u tla n d .—Owns from Bellow’s Falls, Vt., to Burlington, Vt., 120 Trust Co. receipts for $3,875,000 firsts were listed on N. Y. Stock E x
miles. This road has been through many changes. L eased in 1890 change. V. 59, p. 541.
■for 999 years from January 1, 1891, to the Central Vermont, the
K ansas Cit y & Omaha bonds have interest guaranteed by St.
rental now being $365,557 per annum; this will be increased as new
agreement
equipment and other permanent improvements are put upon the prop- Joseph & Grand Island and Union Pacific under a perpetual bonds and
for operating the road. The Union Paoiflo owns $1,595,500
«erty to $370,000 per annum, payable monthly in gold. The net in $1,725,375 of the $4,410,000 stock of the Kansas City & Omaha,
come will pay 4 per cent on the preferred stock now, and after the and
Island
Coupons due
funding of existing mortgages may pay 5 per cent. See V. 53, p. 124, Jan. St. Joseph & Grand O. bondsowns $1,822,500 stock. bondholders’
1,1894, on K. 0. &
were not paid. K. C & O.
Stock.—The Delaware & Hudson owns $3,000,000 of the preferred committee: F. P. Oleott, E. C. Benedict, Simon Wormser and S. L. Par
and $1,000,000 of the $2,480,600 common stock, par $100. Dividends rish ; depository, Central Trust Co., N. Y. V. 58, p. 1072.
•on preferred stock since 1880—In 1881, 1 ^ per cent; in 1882, 2; in
*E arnings—9 months, ) 1 8 9 4 ......... gross, $604,342; net, $144,049
1884 and 1885, 1; in 1886 and 1887, 1*2; in 1888, 1; in 1889, 1*2; in
Jan. 1 to Sept. 30.
S1893.........gross, 737,702; net, 229,167
1890, 3 ; in 1891, 2 ; in 1892, 4; in 1893, 4 p. o.; in 1894, Jan , 2 p. c :
* These earnings are on 251 miles, and do not include Kansas City &
July, 2 p. c.
Omaha. See Union Pacific.
B onds.—The second mortgage is a first lien on rolling stock and per
In 1893 gross earnings, $1,005,698; net, $337,912; other
sonalproperty. The consoudated mortgage (trustee, U. 8. Trust Co. income (including guaranty account $145,888), $L47,650; taxes, $64,o f N. Y.,) is for $3,500,000, but of this $3,000,000 can be issued only 276; interest on bonds, $420,000; corporate expenses, $1,286; due
■as prior bonds for like amount retired.
Kansas City & Omaha under traffic agreement, $112,355: deficit for
p.
A nnual R eport .—The annual report for the year ending June 30, year, $112,355. In 1892, gross, $1,085,813; net, $416,517. V. 59, *
Q
1
1894, which was in V. 59, p. 115, stated that $33,252 had been ex- O 1
ended during the year for bridges; “ cash borrowed temporarily,”
St. Lou is A lto a & Terre H a u te ,—( See Map.)—Operates the
204,246. (V. 55,p. 2 5 5 ; V. 57, p. 180; V. 59, p. 115.)
“ Cairo Short Line’ ’ route from St. Louis, Mo., across the coal fields
fiia g ln a w Tu scola & H u r o n .—Owns from Saginaw, Mich., to of Southern Illinois to Paducah, Ky., with branches.
Proprietary Line—
Miles.
Leased Lines—(Qoncl.)— Miles.
Bad Axe, 67 miles. Opened as a standard gauge road June 29,1891.
■Common stock authorized, $600,000; par $100. No first mortgage E. St. Louis to Belleville, 111... 15 St. Louis Southern—
Leased Lines—
Pinckneyville to Carbondale. 30
bonds had been sold to January, 1894, but the $1,000,000 b sued were
Carbondale & Stiawneetown—
held as collateral forthe floating debt. Wm. L. Webber, Pres., Saginaw. Belleville & Southern Illinois—
Belleville to Duquoin...... 57
Carbondale to Marion........... 17
E arnings.—9 months, >1894...............gross, $88,722; net, $g4,345 Belleville & Eldorado—
Chicago St. Louis & Paducah —
Jan. 1 to Sept. 30.
1 1893 .... ......... gross, 96,945; net, 30,287
Duquoin to Eldorado........ 50
Marion to Paducah, etc........ 53
In year 1893 gross, $125,729; net, $38,474; from quarries, etc., Belleville & Carondelet—
$4,208. In year 1892 gross, $123,765; net, $36,533.
Belleville to East Carondelet. 17
Total operated..................... 239
Sagin aw V alley & St. L o u is.—Owns from Ithaca to Pains, Mioti > Organization.—Successor to the Terre Haute Alton & St. Louis
36^miles, and leases Alma to St. Louis and Pains to Saginaw, 9 miles; sold to foreclosure in 1861. In October, 1890, the main line, 193
total, 45 miles. Opened January, 1873. Operated in connection with miles, which had been leased to the Cleveland Cincinnati
Detroit Lansing & No. Coupon due Nov. 1,1893, was purchased not Chicago & St. Louis was sold to that company for $10,000,000 of 4 per
paid. Stock authorized, $300,000; outstanding, $264,804; par, $100. cent 100-year gold bonds. See below and V. 51, p. 52,114, 383,494.
E arnings.—7 months, > 1894...............gross, $64,006; net, $19,067
D ividends.—On preferred. In 1881, 3 p. c., and 55 in bonds; 1882 to
Jan. 1 to Sept. 30.
5 1 8 9 3 ............. gross, 71,008; net, 20,669 1 8 8 5 ,7 yearly; in 1886, 2 * ; to 1888, 1%; in 1 88 9 ,1; none since.
3
Deficit under 7 months’ charges, $9,900 in 1894, against def., $8,192
Stock and B onds .—The preferred stock had a prior right to a cumu
t o 1893. In 1893 gross, $92,554, against $94,063 in 1892; net, lative dividend of 7 per cent before any is declared on common and thè
$27,517, against $24,272; other income, $1,604; charges, $42,680; arrears accrued on July 1,1894, was 61% per cent; but see below.
deficit, $13,559, against deficit of $16,907 in 1892.
The sale of the main line did not affect the status of this company’ s
St. Clair H a d lso n & St. L ou is B elt.—Projected to run from securities. Of the $10,000,000 bonds received, $290,000 are in sink
a po^ut in St. Charles County, Mo., to Belleville, 111., about 40 miles via ing fund for loan itself and $6,700,000 were issued for prior bonds ma
bridge across the Mississippi River at Alton, 111. In October, 1894, the turing July 1,1894. There had been retired to Deo. 31,1893, $1,297,bridge and 4 miles of road were completed. The bridge is 2,100 feet 600 of preferred stock and fractionals.
The new first mortgage authorized in June, 1894, covers the com
long and laid for double-track.
The C. B. & Q., Cleveland Cin. Chic. & St. L. and Missouri K. & T. pany’s valuable real estate in St. Louis and the 14 miles of road owned.
The bonds are redeemable at 105 per cent on one year’s notice. .
roads have contracts to use the bridge.
R eadjustment o p Secu rities .—T o retire the preferred stock ($1,Stock and B onds.—Authorized stock is $500,000 ; amount paid in,
$469,000. First mortgage bonds are subject to call at 105 and interest 170,800) and dividend bonds, ($1,357,000) the company will receive to
payment for its new 5 p. c. bonds at 101 per cent (1) Dividend bonds at
a t any time on 60 days’ notice.
per cent of their par value ; (2) Preferred stock at 158*2 p. 0. of
President, E. F. Leonard, Peoria, HI.; Secretary, John G. Chandler,
its par plus dividend accrued since Oct. 1, 1894. Preferred stockhold
300 North Fourth St., St. Louis, Mo.
ers receiving in addition one share of common for each share of pre
St. J o h n s b u r y & L a k e C h a m p la in .—Owns from Lunenberg,
exchanged. V. 59, p. 782.
Vt., to Maquan Bay, on Lake Champlain, 120 miles, and branch from ferred sothe .above
Under
the only
Capital
North Concord, Vt., to East Haven, 11 miles; total, 131 miles. Reor stock, $3,470,800 ; planmortgage securities outstanding will be—
1st
bonds, $2,500,000.
ganized in 1880. The road is operated independntly although a major
L eased L ines —Belleville < So. Illinois is leased for 999 years—rental
&
ity of the stock is owned by the Boston * Lowell, which is now leased
40 p. c. of gross earnings up to $7,000 per mile (except o n coal, &o.),
to the Boston & Maine.
The new firsts were issued to retire prior bonds and other obliga 30 per cent above $7,000 and up to $14,000 per mile, and 20 per cent
tion s; amount authorized, $2,500,000; issued in March, 1894, $2,068,- on any excess of $14,000. Interest and sinking fund guaranteed.
600, of which $1,328,000 are guaranteed by the B. & M. In year i Common stock of Belleville & Southern Illinois is $417,000 and pre
ending June 30,1893, gross earnings were $367,338, against $391,468 ferred $1,275,000, and dividends on preferred stock have been since
to 1892; deficit, $39,736, against $13,511; interest, &o., $53,790; deficit 1886—6% in 1887; 6% in 1888 and 1889; to 1890, 825 ; to 1891, 8'53;
to 1892, 8; to 1893, 8 per cent; to May, 1894,4 per cent; Nov., 4 p. c.
under charges, $93,526. Total deficit to June 30,1893, $614,704.
6
St. Joseph & Brand Isla n d .—(See Map o f Union Pacific.)— atThe Belleville < Carondelet is leased fora 983 years from June 1,1883,
a rental
which is guarantee of interest
the
L otk ov Road—St. Joseph, Mo., to Grand Island, Neb., 251 miles; Kan bonds, the of $30,000 per year, being owned by the St. L. Alt. &on H.
stock of $500,000
T.
sas City & Omaha Railroad, Stromsburg to Alma, 150 miles and MeCool
The Belleville < Eldorado is leased for 985 years from July 1,1880,
6
Junction to Kansas City & Omaha Junction, 44 miles; total, 445 miles. at a rental of 30 per cent of the gross earnings, but $15,400 per year
H istory , G uaranty , Etc.—Successor of the St. Joseph & West., sold guaranteed. Stock, $1,000,000; par, $100. The St. Louis Southern
to foreclosure to 1885. Operated by Union Pacific, which owns $2,301,- Railroad (including Carbondale dt Stiawneetown) is leased for 980 years
-500 of the $4,600,000 stock (par, $100), and guarantees interest on for 30 per cent of gross earnings, minimum to be $32,000, and interest
first mortgage. Net “ accounts payable” Jan. 1,1894, $422,700.
on bonds being guaranteed to that extent. Stock $500,000 (par $100),
In January, 1892, a new adjustment was made with Union Pacific by listed in New York to Dec., 1892. Dividends paid : In 1892 to 1894, in
which $35,000 is deposited monthly for interest on the 1st mortgage clusive, 5 p. c. yearly in March. In year 1892-93 rental was $80,156,
bonds, and the St. Joseph & Grand Island is not responsible for more against $75,384 in 1891-92. The Chicago St. Louis < Paducah is leased
£
than half the interest on the Kansas City & Omaha bonds. As to in for 978 years from March, 1888, at 30 per cent of gross earnings, with
comes see V. 54, p. 79, 965. In Oct., 1893, the U. P. went into receivers’
uarantee of principal, and rental to pay first mortgage interest. (V.
hands, but coupons of this company due Nov. 1,1893, were paid Jan.,
7, p. 801.) The first mortgage bonds on this road are redeemable after
1894. Coupons due May 1,1894, were not paid at maturity.
September 1,1892, at 105. In March, 1892, 2 per cent was paid on
Bondholders’ Committee.—F. P. Oleott, Chairman, 54 Wall St., N. second mortgage incomes, and Nov. 29,1893,1% per cent.
Y. Bernhard Mainzer, William L. Bull, of N. Y., and Gordon Abbott,
G eneral F inances .—On July 1,1894, the $6,700,000 of 7 per cents
Qj&CfcHoiiy* Trust Co., Boston, call for deposit of 1st wnorkqcLqe bonds matured and were paid. When the plan given above is carried out
with Central Trust Co.* N. Y., or Old Colony Trust Co., of Boston. De the C. C. C. & St. L. bonds remaining to the treasury of the company
posits subject to penalty after July 31. In September, 1894, Central will be available for improvements, etc.
f
f
N ovember , 1894.]
RAI LEOAD
STOCKS
AND
BONDS,
m
1S6
INVESTORS’ SUPPLEMENT.
{Voi* LIX-
Subscribers w i ll confer a great favor by g iv in g Im m ediate notice o f any error discovered In tbese T ables
RAILROADS.
on first page of tables.
B o n d s —Prinoi ■
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When D u e.
Amount Rate per When
of
of
Par
Where Payable, and by S to c k s —Last
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
St. Louis Alton < Terre Haute—(Con eluded.)6
Dividend bonds, income (V. 48, p. 389)......
1881 $1,000
is t M.andterm’l (-£2,500,000), g., red. at 105.c*&r
Ï4 1894' 1,000
L eased Lines.
Belle. & So. 111.—1st M. (int.guar.) s. f., not dr’n.e'
57 1866
1,000
Belleville & Carondelet, 1stM.,Belle.toE.Caron.o
17 1883
1,000
Belleville & El Dorado—1st (infest guaranteed) c
51 1880
1,000
2d nmrtgage, Du Quoin to Eldorado............... c*
51 1880
1,000
St. Louis Southern—1st mort., gold, int. guar.. .c
30 1886
1,000
2d M., inc., non-cum., Pinckneyv. to Carbond.c
30 1886
1,000
Carbondale & Shawneet’n IstM ., g.,int. guar.e
17 1887
1,000
Ohio. St.L.& Paducah 1st M., g.,red at 105 gUar.c*
53 1887
1,000
2d M., g., inc. (non-cum.) Marion to Pad.& br.c
53 1887
1,000
St. Louis dt Cairo—1st M., gold, int. guar. M. & O.-c 161 1886 500 &c.
St. Lou. Cape Qirard’u & Ft. Smith—Old div. bonds . . . . 1880-5 1,000
Gape Girardeau S.W. consol, mortgage.......... gold
94 1888
1,000
Arkansas Extension lstm ortgage, gold...c*<fcr
65 1890
1,000
St. Louis Chic. & St. Paul.—rcec’rs’ cert. (£400,000) ___ 1893
lstm ortgage, £1,250,000gold.......................... ,.c 102 1892
1,000
St. Louis Kennett < Southern.—1st mort., gold. ..c*
£
20 1891
1,000
St. Louis Merchants’ Bridge Terminal.—1st mort. .c --- - 1890 500 &o.
Merch. Bridge 1st M.,red.after Feb.1,1909, at 110 —
1889
1,000
St. L. dt San Fran.—See Atchison T. & S. Fe system.
St. Louis Southwestern—Common stock...................
....
100
Preferred stock (5 per cent non-cumulative)........ . . . .
....
100
1st mort. certificates, £16,500 p. m., gold........c* 1,222 1890
1,000
2d M.income cert., £10,000,000,non-cum., gold.c* 1,222 1890 500 &c.
Car trusts July 1,1894 .. ......................................
1891 various
St. Louis Van. dt Terre H.—1st M., guar. s.f. not dr.c* Ì58 1867
1,000
2d mort., sink, fund, not d fn (£1,600,000 guar.) .c* 158 1868
1,000
$1,357,000
See text.
1,009,000
485,000
220,000
330,000
550,000
525,000
250,000
1,000,000
1,000,000
4,000,000
130,000
889,000
10,000
225.000
1,250,000
135,000
(1)
2,000,000
16,500,000
20,000,000
20,000,000
8,000,000
609,639
1,899,000
2,600,000
6
June 1
5 g. J. & D.
8
6
7
6
4
5
4
5
5
4
6
6
6
g.
g.
g.
g.
g.
g.
g»
g.
A.
J.
J.
F.
M.
M.
M.
M.
M.
J.
M.
M.
J.
&
&
&
&
&
&
&
&
&
&
&
&
&
New York.
O.
D.
J.
A.
S.
8.
S.
8.
S.
J.
N. Y., State Trust Co.
do
do
do
dG
Pd.in’91,coup. Feb..’80
N. Y., State Trust Ôo.
do
do
do
do
do
do
Paid l% p .c. Nov.,1893.
N. Y., Farm. L. & Tr. Co.
H
.
In default.
S.
In default.
J.
In default.
June 1, 1914
Oct. 1, 1896
June 1, 1923
July 1, 1910
Aug. 1, 1920
Sept. 1, 1931
Sept. 1, 1931
Mch. 1, 1932
Sept. 1, 1917
Sept. 1, 1917
Jan. 1, 1931
Sep. 1900-1-2-5
Sept. 1, 1908
Jan., 1910
6 g. M. & S.
In default.
6 g. F. & A.
St. Louis, Mo.
5
A. & O. N.Y.,F’rs L.&Tr. & St.L.
6
F. & A. N. Y., Farm. L. & Tr. Co.
Sept.
Feb.
Oct.
Feb.
1,
1,
1,
1,
M. & N. N. Y., Central Trust Co.
J. & J.
When earned.
various N. Y.,Central Trust Co.
j . & J. N. Y., Central Trust Co.
M. & N.
do
do
Nov.
Nov.
1893
Jan.
May
1. 1989
1, 1989
to 1898
1, 1897
1, 1898
4 g.
4 g.
6 &7
7
7
1912
1921
1930
la29
Company owns £500,000 Belleville & Carondelet stock, £900,000 Ch. Fort Worth, 97 miles; Lewisville, Ark., to Shreveport, La., 60 miles
St» E. & Paducah stock and £500,000 of the latter road’s Income bonds. Altheimer to Little Rock, Ark., 42 miles; Malden, Mo., to Delta, 51
L atest Earnings.—From Jan. 1 to Aug. 31, 8 months.
miles; other branches, 12 miles; total, July, 1894,1,223 miles. Of this
8 mos.
Cross.
Net.
Charges.
Surplus total 1,076 miles are laid with 56-lb. steel rails; remainder 35 lb.
1894.................. £842,557
£353,910
£267,060
$86,850
Organization.—Reorganization per plan in V. 50, p. 141, 561 of the
1893.................... 1,042,654
399,872
319,301
80,571 St. Louis Arkansas & Texas, sold in foreclosure in October, 1890, the
A nnual R eport.—Fiscal year ends Dec. 31. Annual meeting is held same property having been previously foreclosed in 1885-86. Consists
at St. Louis first Monday in June. Report for 1893 was in V. 58, p. 681. of three corporations—the St. Louis Southwestern Railway Co., the St.
Louis Southwestern Railway Co. of Texas and the Tyler Southeastern.
Y e a r e n d i n g D e c . 31.
1890.
1891.
1892.
1893
Gross earnings.......................................£1,336,910 $1,435,624 $1,531.861$1,553,975
B onds.—The first mortgage certificates are issued against a like
527,767
580,956
586,079583,730 of first mortgage bonds secured upon the constituent lines at
Net earning...........................................
amount
Rentals paid.....................
362,149
393,911
417,282
426,932 a rate not exceeding $16,500 per mile, and the second mortgage certifi
against
Net revenue................ $165,618 $187,045 $168,797 $156,798 cates incomes second mortgage bonds at $8,250 per mile. per annum,
The
are entitled to such interest up to 4 per cent
Add rental main line, etc.
*440,412 *368,135 '351,573 *313,528 as can be paid out of net earnings of the railways during the preceding
fiscal year, after payment of operating expenses, repairs, .renewals, re
Total net receipts___ $606,030 $555,180 $520,370 $500.326 placements, taxes, insurance and interest on prior liens. The issue of
Interest, funded debt, etc.
479,608
469,000
469,000
469,000 these certificates may be increased up to $10,000,000, subject to re
strictions in the mortgages. Up to July, 1894, no second mortgage
$86,180
Balance, surplus............. $126,422
$51,370
$31,326 interest had been paid.
New eq’pt. and bet’ments. $136,388 $161,505
July 1,1894, total current liabilities, $1,290,434, including $540,156
$49,009
$26,137
bills payable. There are some St. L. Ark. & Texas car trusts outstand
* Including interest on Big Four bonds.
ing. Current assets, $495,698, including $221,856 materials and sup
- ( V . 54. p. 524, 7 20; V. 56, p. 5 0 0 . 577,980.1084; V. 58, p. 6 8 1 , 716, plies on hand; there are also in treasury $500,000 (at par) St. Louis
1073 ; V. 59, p. 782, 880.)
’
’ Southwestern firsts and other securities valued in all at $326,500.
E arnings.—3 months, <1894, gross, $1,064,141; net, $189,639.
St. L o u is A rkansas Sc T e x a s.—See St . Louis Southwestern
July 1 to Sept. 30, \ 1893, gross, $1,004,803; net,
57,450
St. L ou is Sc C airo.—ISee M a p M o b i l e < O h i o . ) —Owns Cairo to East
6
A nnual R rport.—Fiscal year ends June 30. Annual meeting is held
St. Louis and branch, 161 'niles. Reorganized after foreclosure July,
1881. Stock is $6,500,000, Leased from Jan., 1886, till Jan. 1,1931, to at Texarkana, Texas, on the Monday preceding first Wednesday in May.
the Mobile & Ohio RR.—rental of 25 per cent of 150-640ths of the gross Report for 1893-94 was in Y. 59, p. 598, showing earnings as below.
revenue of the whole line, Mobile to St. Louis, this rental being guaran The road was in the hands of the receiver until May 20,1891. in the
teed by the lessee to amount to $165,000 per year. In year ending June operating expenses are included in 1890-91 $1,089.160 for better
ments, against
30,1894, gross, $840,561; net, $259,716; in 1892-93, gross, $890,877; 000 in 1893-94. $129,267 in 1891-92; $182,665 in 1892-93 and $113,net, $241,262; rental to St. Louis & Cairo in 1893-94, $176,163, against
$ lt0 ,930 in 1892-93.
’
’
Y e a r e n d in g J u n e 3 0 1892.
1893.
1894.
Miles
1,222
1,223
1,223
St. L o u is Cape G irardeau Sc F o rt S m ith .—Owns from Cape Gross operated...................
earnings.......... .
$4,636,461
$5,116,080
$4,615,145
Girardeau, Mo., to Hunter, Mo., 94 miles; leases branch to Zalma, Operating expenses.......
3,824,294
4,281,833
3,873,778
9 miles; total operated, 103 miles. Successor in 1891 to Cape Girar
deau Southw. March 4,1893, Louis Houck was appointed receiver, but
Net earnings.. . . . . . ___
$812,167
$834,247
$741,367
litigation re arding his removal is peuding. 8took authorized, $2,000,000; outstanding, $1,150,000; par, $100. A general mortgage for $7,: Total net, inch other inc...
$937,268
$903,383
$772,398
500,000 was authorized. There are also outstanding $150,000 7 per Taxes . 1......................
107,326
109,650
113,826
800,000
oent incomes. Cape G. & S. W. consol. 6s have been deposited with U. Interest on bonds...............
800,000
800,000
S. Mortgage Co., whose receipts have been issued therefor. From Rentals, e tc ........................
10,248
40,117
56,340
March 5 to Dec. 31,1893, gross, £121,504; net. $16,363. In year 1892
Balance, surplus..........
gross earnings, $145,908; net. $29,422. In 1891, gross, $174,612. (V.
$19,694
def.46,384 def.$197,768
54, p. 4 4 1 ; V. 56, p. 465, 974.)
p. 5 9 2 ; V. 59, p. 6 9 8 , 739.)
St. L o u is Sc Chicago.—See North & South I llinois .
St. L o u is V a n d a lla Sc Terre H a u te .—('See M a p P i t t s b u r g O i n
St. Louie Chicago Sc St. P a u l »»-Road—Owns from Springfield, c i n n a t i C h i c a g o dt S t. L . ) — East St. Louis to Ind. State line. 158 miles.
111., to Granite City, 111., 103 milej; branches to Bates, 3 miles, and to
Grafton, 8 miles. Connects at East St. Louis with Termiual Ry. Asso
L ease .—Leased for 999 years from 1870 to Terre Haute & Indianap.
ciation for St. Louis, etc. Successor to the St. Louis Alton v Spring- RR. (jointly with Pitts. Cincinnati Chicago & St. Louis) at rental of 30
field sold in foreclosure July 9, 1892. In June, 1893, Charles E. per cent of gross earnings-profits and losses assigned to lessees in
Kimball and Joseph Dickson of 5t. Louis were appointed receivers. proportion of five-sevenths to Pittsburg Cin. Chic. & St. Louis and
Sept., 1893, coupon was not paid. Receivers’ certificates for $400,000 two-sevenths to Terre Haute & Indianapolis. V. 54, p. 846.
have been authorized, of which $225,000 issued to Feb. 1,1894.
Capital Stock.—Stock, $2,379,358 common and $1,544,700 of 7
Stock outstanding, $2,000,000—par $100. B onds—The first mort per cent cumulative pref.; par $100. The Terre Haute & Indian
gage trustee is the Atlantic Trust Co. E arnings—In year 1892-93 apolis owns $326,000 preferred and $500,000 common stock, the Penn
gross, $92,583 ; net, $301. In year 1891-92 gross, $135,467 ; net, sylvania RR. $837,000 preferred and $225,0«)0 2d mort. unguaranteed
$29,563. (V. 55, p. 100 ; V. 56, p. 1016.)
7s. and the Pennsylvania Company, July 1.1892, $1,350,000 common
St. L o u is Ir o n M o u n ta in Sc Southern.—See Missouri P acific . and $381,700 preferred. In 1891 and 1892 back dividends on the
preferred were paid for 1879 to 1884 inclusive; for 1885, 7 p. c. was
St. L o u is M erchants9 B rid ge T e r m in a l.—Organization .— paid in March, 1894.
Organized to construct a double-traok railroad in the city of
St. Louis, extending from near the Union Depot on 12th Street, via Main
B onds.— The first mortgage and $1,600,000 of second mortgage
Street, Hall Street, &c., to Ferry Street opposite the Merchants' Bridge, bonds are endorsed by lessees, and also by Pittsburg Cincinnati < St.
&
7 miles. It owns and controls the Electric City & Illinois RR., connect Louis (now Pitts. Cin. Chicago & St. Louis RR.), with agreement to
ing the town of Madison and East St. Louis, 8 miles ; and leases the p u r c h a s e the bond and its coupons as they mature. See V. 56, p. 649.
Venice & Carondelet Belt RR., which forms an outside belt round East
E arnings.—In year ending Oct. 31, 1893, gross $1,884,746; net,
St. Louis, 10 miles ; total, 25 miles. It leases the Merchants’ Bridge, $536,952; rental to St. L. V. & T. H., $565,424; expenses, $60,949; car
agreeing to pay the interest on the Bridge Co’s $2,000,000 bonds.
trusts and int. $37,679; interest on bonds, £314,930; balance, surplus,
B onds, Etc.—The mortgage of 1890 is for $3,500,000 to the St. for 1892-93, $151,866. General surplus Oct. 31, 1893, $458,999, or
Louis Trust Company, as trustee. Both issues of bonds are subject to which $235,205 was due from lessee, $191,032 represented by new
call after 20 years at 110 and Interest. Stock authorized, £3,500,000; equipmeut and additions and $32,762 cash. Profit to lessee in 1889-90.
par, £100. In November, 1893, Terminal RR. Ass jciation of St. Louis $100,466; in 1890-91, $62,430; in 1891 92, $37,598; loss to lessee in
acquired control of this company and guaraute'e i by endorsement the 1892-93, $28,472. (V. 54, p. 2 8 6 ; Y. 56, p. 460.)
principal and interest of its £3,500,000 first mort, bonds and the i n t e r
St. P a u l Sc D u lu th .—Owns St. Paul, Minn., to Duluth, Minn., 155
est on the £2,000,000 Merchants’ Bridge first 6s. The properties will
miles; branches, 29 miles; leases—Stillwater & St. Paul RR., 13 m.;
be operated jointly.
Minneapolis & Duluth RR., 13 m.; Taylor’s Falls & Lake Superior, 20
St. Louis Sc San F ran cisco.—See A tchison To peka < Santa F e . m.; Duluth Short Line, Thomson to West Superior, 18 m. ; total, 248
&
St. Lou is Southw estern.—Road extends from Bird’s Point, Mo., miles. Second track, 17 miles, July 1, 1894. Between Carlton and
opposite Cairo, 111., to Texarkana, Tex., 418 miles, and thence by Duluth, 24 miles, road is. owned jointly with the Nor. Pacific, but of this
the Texas road to Gatesville, 305 miles ; total, main line. 723 miles • 14 miles between Thomson and West End is but little used, the Duluth
branches, Mt. Pleasant to Sherman, 110 miles; Tyler to Lufkin (narrow, Short Line affording the St. P. & D. access to Duluth.
gauge), 88 miles; Corsicana to Hillsboro, Tex., 40 miles; Commerce to
H istory .—Sold in foreclosure May 1,1877, and reorganized.
N ovember , 1894 j
KAILKOAB
STOCKS
AND
BONDS.
19 7
Subscribers w ill confer a great fa v or by g iv in g Im m ediate notice o f any error discovered in these T ables.
RAILROADS.
Miles Date Size, or
fo r explanation of column headings, &c., see notes of
of
Par
on first page of tables.
Road. Bonds Value.
St. Paul dt Duluth—Common stock...........................
Pref. 7 per cent stock and scrip subj. to call at par
1st m ortgage..:........................... ....................... c
2d mortgage. ....................................................... e
Taylor’s Palls & Lake Sup., 1st M. gu., s. f. not dr.c’
Duluth Short L. IstM , guar.,p.&i.,s.f. not dr’n .c
Stillwater & St. Paul 1st mort., g. (not guar)........
St. Paul Minn, dt Manitoba—See Great Northern—
St.PauldtNo.Pacific—Stock($l0,000,000) authoriz’d
Western RR. Minn. IstM . RR. covered by gen. M.
General mortg., guar., land gr. ($10,000,000).c*&r
'Ban Ant. dt Aransas Pass—Stock.................. ..........
1st M. for $21,600,000 g., guar.p. & i. (end.).c*<fcr
Sandusky dt Oolumbus Short Line.—See Columbus
Sandusky Mansfield dt Newark—Re-organized stock
1st M.,int. gu. under lease byB.& O.and Cent.O.. .c*
San Francisco dt North Pacific.—Stock...
1st Mort., gold ($4,500,000), s. f. red. at 110.*c*r
Santa Fe Pres.dt Phoenix-1 st M., $25,000 p.m.,g.e*&r
Saranac dt Lake Placid—Stock.............
1st mortgage, gold ($120,000).............. .’ .'.'c*
Saratoga dt Schenectady - Stock................. ...............
Savannah Americas dt Montgomery—Stock. . . . . . . . . .
Am. Pres. & Lumpkin 1st M. ($100,000 due 1905)
Consol, mort. $4,100,000,gold, $12,000 per mile.c*
Second mortgage............................................ .........
Alb. Pior.&Nor. IstM .,gold,$12,000p.m.,guar.c*
Montgomery Terminal Co. 1st mort., gold, guar.c
Savannah Florida dt Western—Stock.........................
Atlantic & Gulf consol, mortgage.......................c*
So. Ga. & Flor., IstMs., end by State of Georgia, c*
2d mortgage......................$......... ....................... e
$100
167
167
21
25
12
100
1881
1,000
1887
1,000
1884
1,000
1886
1,000
1870 500 &c
184
60^2
¿82
1877
1883
1,000
1,000
689
1893
1,000
100
100
Sh a w NEE & H o c k in
116
116
1869
Ì65
80
1889
1892
TÓ
1893
50
1,000
100
1,000
1,000
100
1,000
100
100
500
1,000
1,000
1,000
1,000
100
1867 500 &c
1869
1,000
1869
1,000
1885-6
265 1889
265 1891
35 1890
1892
286
58
58
Capital Stock.—From the earnings of the railroad the preferred
stock has a prior right to 7 per cent yearly, then common to 6 per
cent, any surplus going to retirement of preferred. The preferred
stock is also received in payment for lands at par, and is entitled to
receive from land sales any part of its 7 per cent dividend yearly for
which railroad earnings do not suffice. The preferred is subject to
call at par for redemption with land sales, ™fter drawing by lot, if not
purchasable below par in the open market, the sums applied to its re
mSSPS??
retirement being as follows: In 1891, $182,000; 1892,
$226,000; 1893, $165,000. V. 57, p. 61. Three shares of common stock
have one vote and each share of preferred has one vote.
Dividends.—On common stock: In 1887, 3 and 15 in com. stock: none
On preferred since 1883: In 1884, 3 ^ and 7 in pref. stock; from
1885 to ’ 88, 7; in 1889, 5 ^ ; in 1890, 613; in 1891, ’92 and ’93, each 7.
In 1894, March, 2 ^ p. c.; Sept., 2 ^ p. c.
L ands.—The company has a land grant, of which 1,077,692 acres re
mained unsold June 30,1894, and 61,379 acres of the Taylor’s Falls
grant. In year 1893-94 sales from company’s grant were
15,888 acres for $91,418, and gross cash receipts were $139,377 (of
which $83,860 from stumpage); net income, $114,856.
E arnings. - 3 months, < 1894, gross, $418,182; net, $164,559
July 1 to Sept. 30.
( 1893, gross, 448,591; net, 143,234
A nnual R eport.—Fiscal year ends June 30. Annual meeting at St
Paul second Thursday in October. Report for 1893-94 in V. 59, p. 647.
Tear ending June 30—
1892.
1893.
1894.
$1,934,510 $2,105,275 $1,513,393
Gross earnings........................
Operating expenses and taxes ... 1,291,924
1,495,807
1,104,351
Amount
$4,660,207
4,791,924
1, 000,000
2,000,000
210,000
500.000
223.000
7.000.
438.000
7.985.000
4.800.000
18,817,000
i.
1,068,400
2.300.000
6.000.
4.162.000
2,000,000
250.000
Bonds—Prlne©
INTEREST OR DIVIDENDS
pal, When Due»
Rate per When Where Payable, and by Stocks—Last
Cent. Payable
Whom.
Dividend.
See text.
N. Y., Of., 32 Nassau St. July 5, 1887
See text. M. & S.
do
do
Sept. 1, 1894.
5
F. & A.
do
do
Aug. 1, 1931
5
A. & O.
do
do
Oct. 1, 1917
6
J. & J.
do
do
Jan. 1, 1914
5
M. & S.
do
do
Sept. 1, 193©>
7
J. & D.
do
do
Deo. 1; 1900
6 per
000 an. Q .-F . All owned by No. Pac.
See text.
7
M. & N. N. Y., Office, 35 Wall St. May 1, 1 9 0 7
6 g. See rem.
do
do
Feb. 1, 1923
4 g. J. & J. N. Y., Cent. Trust Co. J an.
1943>
See text. Feb. 1. Moss N. Bk., Sand’ky, 0. Feb. 1, 1894
7
J. & J. N. Y., Union Trust Co. Jan. 1, 1903
J. & J. N.Y.,46Wall,& Fr’nk’frt Jan. 1, 1919
fe
5 g. M. < S. N. Ÿ., Merc. Trust Co. Sept. 1, 1 9 4 *
See text.
Nov., 1893
120.000
6 g. M. & N. N. Y., Central Tr. Co. May 1, 1 9 1 »
450.000 7 per an.
N.Y., Del. & Hud.Canal
1,614,200
250.000
7
J. & J.
1905 & 1906
3.350.000
6 g. J. & J. July,’92, coup, last paid July 1, 1919
1.590.000
None paid.
6 g- A. & O.
Oct. 1, 1921
500.000
6 g. J. & J.
July 1, 1920
208.000
6 g. M. & S. Balt., Hambleton & Co. Mch. 1, 1932:
9,412,900 See text.
N.Y.,H.B.Flant,12W.23 Jan. 11, 1894b
1.780.000
7
J. & J.
do
do
July 1, 1897
464.000
M. & N.
do
do
May 1, 1899
200.000
M. & N.
do
do
May 1, 1899
000
?
!
EARNiNGS.-In 1892-93 gross, $948,462; net, $194,127; loss to les
see, $8,723. In 1891-92 gross, $1,032,207; net, $199,128.
n lia li ^ a n c t s c o & N ° r t h P a c if ic .—Point Tiburon, Cal., to Ukiah..
VooA 1(i5 “ “ ies, and branches, 59 miles. Consolidation of March 19^
1889. Has steamer connection (6 miles) with San Francisoo.
Stock is $6,000,000. (See V. 56, p. 165, 375.)
.B onds^—Issued at $25,000 per mile; trustee, Mercantile Trust Co N Y
tu? d’ f ^ ’OO per annum, and bonds drawn at 110 and interest!
O
[Mort. abstract V. 49, p. 241.] Bonds canceled to June, ’93, $102,000.
L atest E arnings.—From July 1 to Sept. 30 (3 months).
oc.¥0nths‘
* GrossNet.
Ini. chgs. Bai., surp.
1894..................... $253,520
$116,219
$51,700
$64,519»
4893.................... 235,852
90,988
52,025
__| H P
3 8 ,9 6 »
A nnual R eport.—Fiscal year ends June 30. Report for 1893-94 in
v . 59, p. 228, states that no expenditures have been charged to canital
*be year. The gross earnings were $808,336, against
$876,277 in 1892-93]; net, $265,396, against $297,015 ; surplus o v e r
charges, $22,085, against $61,745.—(V. 57, p. 2 5 4 ; V. 59, p. 2 2 8 .)
P r e s c o t t & P h o e n i x .—Projected from Ash Fork on
Atlantic & Pacific via Prescott to Phoenix, Arizona, about 209
“ H gL ^ b ich 86 miles (to 20 miles south of Prescott), completed in
®8!,
May, 1894. Stock authorized for $10,000 perm.; outstanding, $600,000.
Mortgage is for $5,000,000—Mercantile Trust Co. New York) trustee
A 30-year contract with the Atchison Topeka & Santa Fe provides fo r
payment of an arbitrary 5 per cent of the gross earnings upon all busi
ness interchanged with S. F. P. & P. Ry. to the trustee 6f the first mort
Net earnings............................ $642,586
$609,468
$409,042 gage bonds, to be applied to payment of interest. p.F. M. Murphy. Presi
dent, 640 Monadnoek Block, Chicago, 111. (V. 57, ¿79; V. 58, p. 595.>
Total net income..................... $678,987
$676,738
$452,535
* * la cld
Rentals paid..................................
$96,497
$111,829
$140,796 Placid, N. Y., ^ I,a,k e operates .—Owns from Saranac Lake to Lake
10 miles;
under
Interest on bonds........ ................
150,000
150,000
150,000 branch, 5-6 miles; total operated, 15'6 contract N. Y. Central’s Saranae
miles.
Dividends..... ............................... (8) 423,001
(7) 355,043 (6)293,406
Chartered in 1890; opened in July, 1893. Fiscal year ends Nov. 1 .
Miscellaneous................................
69,394
68,826
16,766
SatTrust Co. of N.’ ™ Paid ** N° V'’ 1893‘ MortSaSe trustee is CenBalance from RR.operations.def.$59,906 def. $8,960 df.$148,433
R^rt8k ? 0
m
L
ands$75,207
$168,329
$59,924
S a v a n n a h A m e r ic a s Sc M o n t g o m e r y .—Owns from Lyons, Ga..
—(V. 55, p. 6 7 7 ; V. 57, p. 61, 5 94; V. 59, p. 647.)
west to Montgomery, Ala., 265 miles, and A. F. & N. Railroad from
St. P a u l & N o r t h e r n P a c if ic .—R oad—Brainerd to St. Paul, 148 Cordeie to Albany, Ga., 35 miles; total operated 300 miles. Extension
miles; Little Falls to Staples Mills, 34 miles; total, 182 miiaa Owns to Montgomery, A la , 80 miles, opened in April, 1892.
terminals in Minneapolis on 20 acres, and some 400 acres about St
R eceivership .—In Nov., 1892, S. H. Hawkins and T. E. Hambletom
Paul and Minneapolis.
were appointed receivers. Bonds deposited with Merc. Trust Co o f
L ease .—Leased for 999 years to Northern Pacific, at net rental equal Baltimore, pending reorganization, which has been delayed bv litigato 40 per cent of gross receipts, but any surplus over 6 p. 0. on stock 59Ip b7821) 18 expect6d a deoree of sate will be obtained shortly. ( V .
divided equally between lessor and lessee. In Nov., 1893, the Court
authorized the N. P. receivers to ratify the lease and to pay the rental.
^ f ^ R ^iNrz-f'TI? N-r'Plai1 Presented in May, 1894, provides for extern<
Stock . The stock of $7,000,000 is all owned by Northern Pacific
74 miles to Savannah, and for the exchange of old firsts fo r
and pledged unaer its collateral trust of 1893.
$800 m new 1st 5s (issue limited to $15,000 per mile), $800 in new 6per cent preferred and $500 in new common stock. See V. 58, p. 904.
_ ,®ON? s: ~ b o n d s of 1883 are guaranteed by Nor. Pac. See V. 56. p.
649. Interest on coupon bonds is payable F. & A.; on registered. O.—F. ia^ « N^ I )s C iotrUSt8- and, *°tes July, 1893, $688,716. Authority t o
n
^be land grant (178,998 acres unsold May 1,1893,) is between Brainerd issue $146,000 receivers’ certificates was granted in April, 1893.
Rapids; proceeds of lands are first applied to purchase of hA^mi°+a«in&m nnn1 ^£ay’ 1|93’ ^eluding car trusts, etc., was said to
1
West. Minnesota bonds, then to general mortgage at not exceeding 120. be about $1,000,000. Second mortgage used as collateral only. Validity of charter and bonds
in suit
. „ ? « ? NINGS-;rIn yfiar 1891-92 gross, $2,266,416, against $2,110 926 in of Georgia in September, was confirmedp. 423. before Supreme Court,
1894. V. 59,
v
90-91; net, $1,070,936, agst. $1,024,058 in ’90-91. (V. 56) p. 289,649.)
E arnings.—10 mos., (1894, gross, $376,431; net, $48,532.
. S*«L A n t o n i o _#s A ran sas V asts.—(See Map So. Pacific.)—Owns
Jan. 1 to Oct. 31. <1893, gross, 412,664; net, 44,242.
from KerrviUeto Houston, 308 miles; Kenedy to Corpus Christi, Tex.,
90 m iles; Yoakum to Waco, 172 miles; Skidmore to Alice, 43 miles aJ S J L + ^ q
9^ 08? $492,500, against $536,697in 1892; net, $50,964.
Shiner to Lockhart, 54 miles; branches, 22 miles; total, 689 miles.
against $148,484. In year 1891-92 gross, $500,823; net, $189,7601
interest on bonds, $136,800. In 1890-91 earnings on 175 miles, $491 H istory .—Reorganized in 1893, management passing to So. Pac.
499; net, $209,203. (V. 58, p. 431, 904; Y. 59, p. 423, 782.)
***
Stock . Stock $5,000,000, of which So. Pac. Co. owns $2,000,000
E ? ? r I3 a * W e s t e r n .—Owns from Savannah, Ga., t o
^ 0^ 8 ^ 0rt&ag£ l6Lfor $21,600,000 (trustee, Central Trust Co.) Juliette, Fla., 225 miles; with branches to Jacksonville, Fla., Chatta
ia a“ *6 So. Pacific Co. by endorsement on each bond guarantees un hoochee, Fla.» Tampa, Fla., etc., 631 miles; total owned, 856 milesconditionally “ the punctual payment of the principal and interest ” operates 33 m iles; total, 889 miles. From Santa Fe .function t o
Of the $21,600,000 authorized, $17,100,000 was to be used in the reor Juliette, Fla., 55 miles, was completed in December, 1893. In October
ganization, $1,800,000 to be applied to improvements and equipment 18/w4’ »?q ntrg»oo^tlie Florida Southern was said to have been acquired.
“
2*
$2’700’0 °0 reserved for extensions, limited ■ ( v. oy, p. 7oo.)
to 100 miles at $27,000 per mile, constructed and equipped. See
system,
a iv
of
“ ¿J- 5® P; 540. Listed on N. Y. Stock Ex., $18,- S.P lant System. - B elongs to Plant and alsowhich unites Charleston
>
C., with Montgomery, Ala., etc.,
with Tampa and othet
817,000 to Sept. 17,1894. Equipment trusts June 30,1893, $622)904.
Florida points. Besides the 886 miles described above, the system
E arnings.—9 months, < 1894, gross, $1,226,742; net, $280,526
includes the Charleston & Savannah, 133 miles; the Brunswick &
Jan. 1 to Sept. 30. ( 1893, gross, 1,286,049; net, 156,659
Aia5ama Midland, 209 miles; the Silver Springs ,
9®ala *
75 miles; total, 1,463 miles. [See separate statem ent^
for each company, except Brunswick & Western, whose bonds are
given above.] There are also 1,277 miles of steamer lines, including
! & S ; r i i S i i ’w2' In 1S90^1
^ ’72<v unes to Havana, Mobile, etc. April 1, 1893, the Savannah Florida &
S a n d u s k y Sc C o l. S h o r t L in e.—See Colum. Sandusky & H ock . Western was consolidated with the South Florida.
Stock.—During the year 1893-94 the stock outstanding has been
a nd e l dr& N e w a r k .—Owns from Sandusky, O., to
8
NowftrK, (j.f 116 miles. Le&sod to Central Oliio, cruaraiiteed hv Boiti. increased from $6,793,900 to $9,412,900.
more & Ohio, Feb. 23,1880, till Dec. 1,1926, v ^ h im tio ^ to th e B a ltic
B onds.—The Savannah Florida & Western first consols of 1884 are
S
H
'
20„ ? eara each. Rental is $201,850. a first lien on 201 miles and a second on 344 additional. The consoli
The Baltimore < Ohio s guarantee of interest is endorsed on the bonds. dated mortgage executed in December, 1893, covers all road, eauinfc
ment,
o^oV? )E1
ND?,—3
£r,om 1881 to 1884, 2 p. c.; 1885 to 1888, 3 p. o.; 1889 to bonds; etc., now owned or hereafter acquired with the proceeds of it»
issue limited to $20,000 per mile. Sufficient consols are reserved,
1892, inclusive, 3*8 per cent yearly; in 1893,3 p. o.; in 1894, Feb., 3 p. o.
to retire all prior liens and for future betterments and extensions.
13S
IKVESTOÖS’
SUPPLEMENT.
Voi*
Lix,
Subscribers w ill confer a great fa v or by g iv in g im m ediate notice o f any error discovered in tbese T a b les.
Bonds—Frinoi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Amount
When
of
Par
For explanation of column headings, &o., see notes of
Outstanding Rate per Payable Where Payable, and by Stocks—Last,
Whom.
Cent.
Dividend.
Road. Bonds Value.
on first page of tables.
JSavanah Florida <■ Western.—( Continued.)
£
Sav. Fla. & West., 1st (consol.) mort., gold...o*<fer
Sav. Fla. & W. con. 1st M. ($20,000,000) gold..c*
Brunswick & W. IstM. Bruns, to Albany, g, gu.o*
Income bonds, non-cumulative...........................
Savannah dt Western—Columb. & West.lst M., gu.c*
Columbus & Rome 1st mortgage, guar.............. o*
1st consol, mort. ($18,000 per mile), gold, guar.o*
Rome & Carrollton, 1st M. g....................................
Chatt. Rome & Col. 1st, gu.,$16,000 p. m., gold.c*
■Schenectady dt Duanesb.—1st mort., interest guar..
Schuylkill dt Lehigh—1st m., guar. p. &i. by P. & R.
Seaboard dtRoanoke—St’k ($244,200 is pf. gu. 7 p.c.)
Debentures, registered..................................... .. . . r
1st mortgage for $2,500,000........................... o*&r
Sea. Air Line Equ’t Tr. ser. A ,B &C (is each)— o*
Seattle Lake S. dt East.—1st M., g., $25,000 p. m.c*
Shamotcvn Sunbury dt Lewisburg—1st mort— c*&r
2d mortgage, gold— ...............................
c*
Shamokin val. dt Pottsville—Stock, guar, by Nor. C.
1st mortgage, gold, on road and lands.................c
Sharon—
Shock.. . . . ..... ................................... — —
1st mortgage, g o ld ,.............................................. c
Short Route Ry. Transfer Co.—1st mortgage..........
Silver Sp. Ocala dt Qulf—1st,!, gr.($15,000p.m.)g.c*
Silverion—1st mort. for $500,000 gold............... c&r
Sioux City dt Northern—1st mortgage, gold......... o*
Sioux City O'N. dt West.—1st M. ($18,000 p. m.) g.c*
South Atlantic dt Ohio—1st mortgage........................
South Carolina dt Georgia— M. $5,250,000, gold
1st
South Jersey—Receiver’s certificates............... . . . . . .
Mort. bonds, $12,500 p. m., g .......................... c*&r
545
819
171
157
50
”22
138
14
44
81
81
31
31
29
28
15
15
1^
74
17
96
130
70
245
1884 $1.000 $4,056,000
6 g- A. & O. N.Y. ,H.B.Plant,&Savan
do
do
1,000
6,900,000
1893
5 g- M. & N.
1888 500 &o. 3,000,000
4 g- J. & J. N.Y.,12 W.23d St.& Sav.
None paid.
5
1,000
3,000,000
1888
J. & J. July,’92, coup, last paid.
6
1,000
800,000
1881
J. & J. July,’92, coup, last paid.
6
1,000
200,000
1884
s. Mch., ’92, coup, last pd.
1,000
7,755,000
1889
5 g. M.
fc
150,000
1885 100 Ac.
6 g. J. < J. July,’ 92,coup, last paid.
1,000
2,090,000
1887
5 g. M. & s. Mch., ’92, coup, last pd.
M. & B. N. Y., 21 Cortlandt St.
6
500,000
1874 10Ó Ac
4 ^ M. < N. Phila., Phil. & Read.RR.
fc
1,000
600,000
1872
fc
JOO
1,388,400 See text. M. < N. Balt., Farm.A Plant.Bk.
Portsmouth, Va.
F. & A.
6
690,000
1886 100 &c.
J. < J. N.Y., Baltimore & Phila.
fc
5
2,500,000
1886
1,000
J. <
&D. Balt.,Merc.Tr.& Dep.Co
5
1890-1 1,000
290,500
fc
1886
1,000
5,675,000
6 g. F. < A. Feb., ’93, coup, last p’d
M. & N. Phila., Phil. & Read.RR.
5
1,000
1,000,000
1882
do
do
1,000
1,000,000
1890
6 g. J. & J.
A. Phila., Penn. RR. Co.
50
869,450 6 per an. F.
do
do
fe
500 &c.
2,000,000
7 g. J. < J.
1871
50
453,350 6 per an. M. & 8.
4*2 g. J. & D. N. Y., Farm. L. & Tr. Co.
1,000
164,000
1889
500,000
6
F.
A.
1,000
1,500,000 See text. J. & J. N. Y., 12 West 23d St.
1888
1,000
425,000
6 g. A. & O. Denver, C o ’ s office..
1888
1,000
1,920,000
1890
5 g- J. & J.
1,000
2,340,000
5 g. A. & O. Oct. ,’92, coup, last paid.
1891
In default.
J. & J.
1,000
6
1,850,000
1887
M. & N. N. Y., Office, 96 B’way.
5
1,000
1894
5,250,000
1893
500
In 1894 Monticello Extension bonds, $200,400, and South Florida
firsts, $3,< 00,000, were retired by consols; additional consols have
been issued for improvements, &c.
Bills payable June 30, 1894, were $92,284. Cash on hand and in
New York, $443,151.
Guaranties.—In addition to Brunswick & Western bonds above, this
-company guarantees certain bonds of the Alabama Midland and Silver
Springs Ocala & Gulf— those companies.
see
Dividends.—In 1882, 6*2 per cent; in 1883,7; in 1884, 4; in 1887
1%; in 1889,4; in 1891, 2; in 1892,5; in 1893,3^; in 1894, Jan., 6 p. o’
L atest E arn’ gs .—3 mos., 51894......gross, $781,800; net, $152,531
91,167
July 1 to Sept. 30.
(18 9 3 ......gross, 676,148; net,
A nnual R eport .—Fiscal year ends June 30. Report for 1893-94
was in Y. 59, p. 736.
1894.
1893.
Tear ending June 30—
1892.
$3,798,771
$3,025,299
Gross earnings.....................$3,055,535
33,282
19,602
Gther income.......................
157,533
1,298,376
1,130,402
Net receipts........................ 1,129,621
854,482
583,856
624,929
Interest, taxes, etc.............
443,894
546,546
Surplus for dividends........
504,692
From earnings of year ending June 30,1892, dividend (S1 per cent)
^
•$237,786, was paid in January, 1893; from year 1892-93, (6 per cent)
$564,774 was paid in January, 1894. (Y. 54, p. 441; V. 56, p. 43; Y.
57, p. 9 7 8 , 980; V. 59, p. 7 3 6 , 738, 742, 779.)
S a v a n n a h Sc W e s t e r n . —Owns from Birmingham, Ala., to Amer
icus, Ga., 221 miles; Columbus to Greenville (narrow gauge), 49
m iles; Opelika to Roanoke, 37 miles; Eufaula to Ozark, 60 m.; Meldrim
to Lyons, 58 m.; Griffin to Carrollton, 60 m.: C. R. dt 0. RR., Carroll
ton, Ga., via Rome to Chattanooga, Tenn., 137 m.; total, 622 miles.
History, Etc.—A consolidation in August, 1888. It belongs to the
Gent, of Georgia system. In May, 1891, the roadbed and all the assets
-of the Chattanooga Rome & Columbus, Chattanooga to Carrollton, 138
miles, were purchased, and its $2,240,000 first mortgage bonds guaran
teed. The stock of the C. R. & C. is mostly owned by Central of Georgia.
R eceivership .—Interest on bonds due Sept. 1,1892, was not paid,
and in March, 1893, the C. R. & C. corporation was placed in hands of a
receiver. (See V. 57, p. 468,1082.) Receiver is now Eugene E. Jones.
Bale has been ordered. V. 59, p. 191.
Bondholders’ Committees.—In November, 1893, Simon Borg, R. CMartin, H. E. Garth, F. L. Lehman, Edwin S. Hooley and Jos. M. Lichtenauer, bondholders’ committee, requested deposit of bonds with Cen
tral Trust Company. For circular of April, 1894, see V. 58, p. 637.
Committee’s address, 20 Nassau St., N. Y. As to Col. & W. committee,
see V. 57, p. 853; Y. 58, p. 636.
Stock.—$3,000,700 (par $100), owned by Central of Ga., which see.'
Bonds.—Abstract of consolidated mortgage (trustee, Central Trust
Co., N. Y.), in V. 49, p. 240. See default above. Central of Georgia on
July 1,1892, owned $1,628,000 consols. Floating debt July 1,1893,
innindirig note for $1,000,000 due Ga. Central, $1,734,960, secured by
deposit of $1,096,064 consol. 5s.
Latest Earnings.—9 mos., <1893-4, gross, $844,288; net, $197,060
July 1 to March 31.
(1892-3, gross, 781,157; net,
58,802
In year ending June 30, 1893, gross, $1.271,390; defloit from
operating, $297,325. In 1890-91 gross, $1,161,187; net, $90,828.
In 1889-90 gross, $963,929; net, $208,086. Interest charge for 1892-93
o n Sav. & W. $447,750 and on Chat. Rome < CoL $113,500. (V. 56, p.
fc
<625, 700, 841; V. 57, p. 853, 9 7 7 ; V. 58, p. 595, 637; V. 59, p. 277.)
S e a b o a rd Sc R o a n o k e .—Owns Portsmouth, Va., to Weldon and
branch, N. C., 81 miles; leases Roanoke & T. R. Railroad, 32 miles.
Also has a controlling interest in the Raleigh & Gaston Railroad, 108
miles, and thus in the Raieigh & Augusta Air Line, 107 miles, and Caro
lina Central, 269 miles; also controls Pittsboro Railroad, 11 miles;
Carthage Railroad, 11 miles; and the Georgia Carolina & Northern,
266 miles (completed in April, 1892), affording a through line to At
lanta; total of all, 884 miles. This is the “ Seaboard Air Lin e” system
Stock.—Totai authorized, $1,500,000; outstanding, $1,144,200 com '
mon, $200,000 lstpref. 7 p. o. guaranteed and $44,200 is 2d pref. guar.
D ivid en ds .—On common from Nov., 1890, to May, 1892,7 p. o. per
annum; in Nov., 1892,3; in 1893, May, 2 p. c.; none since.
Bonds.—The debentures are to be included in any 2d mortgage issued.
After Aug. 1,1916, they are payable at will as a whole, or in 10 per oent
instalments. With Raleigh & Gaston guarantees bonds of Georgia Caro
lina & Northern (which see) and issued oar trusts for $250,000.
Earnings.—In year ending June 30,1894, gross on road proper, 114
miles, $712,034; net, $186,871; other income, $117,009; total netlnoome,
$303,880; interest, rentals, taxes, &o., $188,372; surplus for year,
$115,508. In 1892-93, gross, $719,910; net, $225,612. In 1892-93
interest, rentals, etc., were $331,300. (V. 59, p. 541.)
Seattle L a k e S h ore Sc E a s te r n .—Owns from Seattle, Wash., to
Sumas, 125 miles, and branches in Washington, 121 miles; total, 246.
(?)
5 g. A. & 0.
Apr. 1, 1934
May I, 1943
Jan. 1, 1938
Irredeemable.
Jan. 1, 1911
Jan., 1914
Mch. 1, 1929
Jan. 1, 1916
Sept. 1, 1937
Sept. 1, 1924
Nov. 1, 1902
See text.
Aft. July,1916
July 1, 1926
$25,000 Junel
Aug. 1, 1931
May 1, 1912
July 1, 1925
Aug. 1, 1894
July 1, 1901
Sept. 1, 1894
June 1, 1919
Aug. 1, 1912
July 1, 1918
Oct. 1, 1908
Jan. 1, 1920
Oct. 1, 1921
July 1, 1917
1919
Oct. 1, 1923
H istory . -Completed in 1891. The Nor. Pac. guaranteed by endorse
ment both principal and interest of the bonds, and owned July 1,1892,
$3,162,650 of the $4,150,000 stock. SeeV. 55, p. 682. On June 27,
1893, Thomas R. Brown was appointed receiver, and in December
John H. Bryant was made an additional receiver. Interest due Aug. 1,
1893, was not paid. V. 57, p. 23, 91. Bonds deposited with Manhat
tan Trust Co., whose receipts therefor were listed on New York Stock
Exchange. Foreclosure of first mortgage begun in De somber, 1893.
E arnings.—Deficit after fixed charges w as: For year 1892-93,
$257,701; for year 1891-92, $467,701. In 1893 there was due the N. P.
for advances, $1,335,460. (V. 57, p. 23, 91, 218,469,1124.)
Sh am ok in Sunbury & L ew isb u rg .—Line from Shamokin to
West Milton, Pa., with iron bridge over Susquehanna, 31 miles. Leased
to Philadelphia & Reading till July 20, 2883, at 6 per cent on the stock,
and used for coal traffic northward. Stock, $2,000,000 (par, $50) of
which $1,995,850, owned by the Phila.& Reading, was deposited under
its collateral trust deed of 1892. (V. 51, p. 21.)
Sh am ok in V alley Sc P o ttsville.—(See Map Pa. RR.)—Sunbury,
Pa., to Mt. Carmel, Pa., and branch, 30 miles. Leased Feb. 27,1863, for
999 years to the Northern Central Railway Co., with a guarantee of
taxes, interest on the bonds and 6 per cent on the stock,
of which $619,400 is owned by the Northern Central. Pennsyl
vania RR. owns $580,000 7 per cents, and $225,000 additional were
held Januarv 1,1893, in the fund to cover the depreciation in value of
the 3. V. & P.’ s coal lands. Gross earns. 1893, $489,203; net, $276,134,
against $359,732 in 1892.
Sh aron .—Owns from Sharon, Pa., to Pymatuning, Pa., with
branches, 16 miles in all. Leased till April 30, 1982, to New York
Pennsylvania & Ohio, at rental of $36,426 per annum, which pays
interest on bonds and 6 per cent on stock.
Silver Springs Ocala Sc G u lf.—Owns from Ocala to Inverness,
with branch from Gulf Junction (near Dunnellon) to Homosassa, 74
miles. In January, 1893, a controlling interest in stock was acquired by
the Plant Investment Company [see Savannah Florida & Western], and
interest reduced from 6 to 4 per cent, guaranteed by endorsement.
Stock, $1,500,000, par $100. There is a land grant of 13,840 acres per
mile, of which the mortgage covers 4,000 acres per mile. E arnings.—
For 6 months ending June 30,1893, gross, $58,055; net, $23,460;
surplus over interest charges, $1,060.
Sllverton.—See Supplement of September, 1894.
Sioux City Sc N orthern.—Owns road, completed in Febru
ary, 1890, from Sioux City northerly to Garretson, So. Dak., 96 miles.
The mortgage trustee is Manhattan Trust Co., N. Y. Stock authorized,
$10,000,000; outstanding, $1,440,000. Judge Warwick P. Hough and
Mr. S. J. Beals were appointed receivers in Oct., 1893. V. 57, p. 596.
Petition for sale of road filed in July by mortgage trustee, and case to
be heard in November. (V. 59, p. 651.)
L atest E arnings.—Jan. 1 to Mar. 31,1894, (3 mos.) gross $62,220,
agst. $72,810 in ’93; net $23,719 agst. $17,412.
R eport.—For year ending June 30,1893, gross, $398,922; net, $149,629; deficit under charges, $3,529 Report for 1892 with bal. sheet was
in V. 56, p. 1056, showing gross, $487,767) net, $215,637; taxes,
$17,565. (V. 57, p. 469, 557, 596 ; V. 59, p. 117, 651.)
Sioux City O’ Neill Sc W este rn .—Owns from Covington, opposite
Sioux City, to O’Neill, Nebraska, 130 miles. Stock is $3,600,000 (par
$100). The mortgage is limited to $2,340,000 (trustee Manhattan
Trust Co. of New York). F. C. Hills appointed receiver Nov. 1,1893.
In 1893 gross, $230,896; net, $132,640. In 1892 gross, $230,895 ; net
$132,639. (V. 56, p. 1 0 1 3 ; V. 57, p. 557, 684, 765.)
South A tlan tic Sc O hio.—See Supplement of July, 1894.
South B o u n d .—See F lorida Central & P eninsular.
South C arolin a.—See South Carolina & G eorgia.
South Carolina Sc G eorgia.—Owns from Charleston to Augusta,
S. C., 137 miles; branches to Columbia, 68 miles, and to Camden, 37
miles; extension, 3 miles; total main line and branches, 245 miles, of
which 213 miles is 56-lb. steel rail and 32 miles is 70-lb. The Carolina
Cumberland Gap & Chicago Railroad, from Aiken to Edgefield, 24
miles, is leased, making 269 miles operated. A reorganization in May,
1894, of the old South Carolina BR. per plan given in V. 58, p. 867.
The “ Atlantic Coast Line” reaches Augusta from Denmark, 57 miles,
over this line.
Stock and B onds.—Capital stock $5,000,000. First mortgage 5 per
cent gold bonds $5,250,000. The old South Carolina first consols to
receive 94 per cent in the new firsts, 10 per cent in new stook and oash
for the six unpaid coupons. The South Carolina junior securities
received nothing under the plan. '
E arnings— (1 8 9 4 .............................Gross, $77,886; net, $10,512
1,194
Month of May. 51893........................ ...Gross, 90,989; net,
South Jersey.—See Supplement of July, 1894. In August, ’94,
Francis I. Go wen, of Phila., was appointed receiver Appointment is
said to be a friendly one to enable Company to settle olalius amounting
to about $35,000. In November, 1894, Receiver applied for authority
to issue $50,000 receiver’s certificates to pay overdue operating ex
penses, maintenance, etc. V. 59, p. 782.
129
BOND&
AND
STOCKS
RAILROAD
November, 1894.1
130
INVESTORS’
SUPPLEMENT.
[Vol. IIX
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g iv i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
Bonds—Prir. oi RAILROADS.
JNJTiiiRxuST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per *Vnen Where Payable, and by pal, When Due.
For explanation of column headings, &c., see notes of
of
Par
Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
So. ¿N o. Alabama—lstM.,s.f.not dr’n; guar.byL.&N. 189
2d mort, gold, s. f. $2,000,000 (owned by L. & N.) 189
Consol, mortgage (for $10,000,000), gold, guar.o* 189
South Pac. Coast—IstM ., g., gu. (s. f. begins 1
104
Southern Cent.—Consol. M. for $3,400,000 (coi
114
Southern Pacific COMPANY—Stock($150,000,000) 5,931
Steamship 1st mort, bonds, Ser. A, $3,000,000.
South. Pac. o f Arizona—1st M, ser. A, gold, guar.. c<~ 392
do
do
Series B, gold, guar.......c&r 392
.
Southern Pacific (C al.)—Stock.......... ..................
A
11
f 1st Miseries A ,gold) land grant..o
«nuallv J Series B. gold.......... I sink’g fund.c
Æ r e l 1 Series C & D, gold.. f not subject, o'
eecurea. ^gerie8 e & F, gold.. j to cail___o' |
S. Pac. Br. 1st M., g., s.f., $50,000 in 1897, not dr’n
93
So. Pac. gen. mort. ($38,000,000), gold..........c*<fer 1,587
Stockton & Copper. 1st M., g. (guar, by C.P.)........
45
Consol, mort., gold, $89,293,500 s.f. not drn c*r<fe
Southern Pacific o f New Mexico—1st M., gold.. .c«fer i*67
Southern Railway—Common stock, $125,000,000.
Preferred, 5 per cent, non-cumu., $60,000,000...
A.—PROPERTIES MERGED INTO SOUTHERN RAI LWAY
Atlantic Tennessee S Ohio 1st mortgage.............
c
44
Charlotte Col. & Aug. 1st moit. consol., see text. 191
2d mortgage....................................................
191
Col. S Greenv. 1st m. (6 p. c. after Jan.,’98), g..o* 164
c
Ga. Pacific 1st mort., $10,000 per mile, gold...c* 566
Equipment mortgage, gold, s. f., subj. to call.c*
E q u i p m e n t n o t e s . ........ .......... . ..........
Richmond & Danville cons, mortgage, gold.......c 170
..
Debenture mort., formerly 6s (see text)...........
Equipm’t Trust bonds, gold, s.f.,subj. to call, .e* . . . .
Ea uipment notés................................................... . . . .
1873
1880
1886
1887
1882
1891
1879
1880
[1875
) 1875
1 1876
[ 1882
1887
1888
1875
1893
1881
CO.
1883
1869
1872
1881
1882
1889
1874
1882
1889
....
£200
£837,800
$1,000 $1,960,000
1,000
3,859,000
1,000
5,500,000
2Ô0&C.
3,300,000
100 118,858,170
2,929,000
1,000
6,000,000
1,000
4,000,000
100 68,402,900
500 &o. 12,953,500
500 &c. 4,711,000
500 &c.
8,111,000
500 <fec. 5,154,000
1,000
3,578,000
1,000
2,323,000
500 &c.
500,000
500 &c. 13,593,000
1,000
4,180,000
119,900,000
50,000,000
500&c.
1,000
1,000
1,000
1,000
1,000
1,000
1,000
........
South Sc North Alabama.—)See Map o f Louisville < Nashville.)—
&
Owns from Decatur, Ala., to Montgomery, Ala., and branch, 189 miles
Controlled by the Louisville & Nashville RR. Co., which owns most of
the stock [$3,481,400 of which $2,000,000 preferred] and guarantees
the first and consol, mortgage bonds. On June 30, 1893, loads and
bills payable amounted to $1,022,635, and on June 30,1894, there was
<lue Louisville & Nashville $154,278 and L. & N. also held $559,785 of
the bills receivable. In year ending June 30,1893, gross earnings were
•$2,147,566; net, $481,801; deficit under interest, &e., $188,143. In
1891-92 gross, $2,073,778; net, $468,959. (V. 56, p. 1015.)
South Pacific Coast.—See Supplement of July, 1894.
Southern Central (N . IQ .—Owns from North Fair Haven, N. Y.,
to Pennsylvania State Line, 115 miles. The Lehigh Valley leased this
road from January 1,1887, for 975 years, without any guaranty of
interest. There are $90,000 of 7 per cent prior bonds due in 1899. Six
coupons from Aug. 1,1886, inclusive, $475,740, were fundee at 4 p. c.
The overdue coupons (unfunded) and “ sundries” amounted on June
30,1893, to $556,124. Stock, $1,774,950; par, $100. In July, 1894,
Thomas C. Platt was appointed receiver. Earnings now included in
lessee’s accounts. (V. 55, p. 257.) For year 1892-93 gross $541,722;
against $477,757 in 1891-92; net, $12,860 against $58,528.
Southern Pacific Company.—(See M ap.)—R oad .—1 his com
T
pany owns no track in fee, but through ownership of stock and by lease
it operates a great system of roads extending from San Franoisco to
New Orleans (thence by comnany’ s steamers to New York, etc.), to
Portland. Oregon, and to Ogden, Utah, with branches. It largely con
trols the business of central and northern California. Its system com
prises the following lines, fully described under their own titles.
PACIFIC SYSTEM.
ATLANTIC SYSTEM.
Proprietary lines—
Miles..
Proprietary lines—
Miles.
Southern Pacific of Cal.......,.1,619 Morgan’ s Louis. & Texas.___ 283
(Of which 7 miles leased.)
(Of which 24 miles leased.)
Southern Pacific of Ariz........ 392 Louisiana Western................ 112
Southern Pac. of New M ex... 171 Iberia & Vermillion..............
16
South Pacific Coast................ 104 Texas & New Orleans. . . . . . . . 207
Northern Ry. of Cal............... 390 Gal. Harris. & San An........ . 937
Northern California R y.................. 54Gulf West. Texas & Pacific.. I l l
:<Leased, lines—
New York Texas & M e x ......
91
Central Pacific......... ..............1,360 Texas Transportation Co......
8
Oregon & California............... 654
California Pacific................... 115
Total Atlantic system.........1,765
Grand total both systems.6,624
Total Pacific system........... 4,859 Of which 4,471 proprietary lines.
Double track...........................
49
Steamship etc., lines............. 4,998
AFFILIATED BUT OPERATED INDEPENDENTLY.
Houston & Texas Central— 453 I San Antonio & Aransas Pass. 689
Central Texas & Northwest.. 12 |Austin & N. W ......................... 103
O rg an ization .—Organized under laws of Kentucky, its system being
known as the “ Huntington ” lines, Mr. C. P. Huntington being Presi
dent and a large stockholder. The real control is vested in the Pacific
Improvement Company, a corporation with $5,000,000 of capital
stock, of which in 1892 the Crocker estate held $1,249,800, and C. P.
Huntington, Leland Stanford and Butler, Stillman & Hubbard each
$1,249,900; other, $500.
P r o p r ie t a r y L ines .—These, with a total mortgage indebtedness Jan.
1,1894, of $125,876,216, are all practically owned—only $3,665,002 out
of their total stock of $166,967,152 not being held on Jan. 1,1894, by
the Southern Paciflo Co. “ Omnibus L ease .’’ —Five of the proprietary
lines are operated under this lease, which runs for 99 years from
April 1, 1885, the Southern Paciflo Company agreeing to maintain
the roads, to pay all fixed and other charges, including interest
on bonds and floating debt, and to divide the total net profits
from operating, after making these payments, among the several
parties to the lease, the So. Pac. Co. to receive 10 per cent of such profits,
and the other five companies the percentage indicated below.
Proprietary lines operated under omnibus lease: Southern Pacific of
California, receiving 44 per cent of net profits; Southern Pacific of Ari
zona, 10 per cent; Southern Pacific of New Mexico, 6 per cen t; Mor
gan’s Louisiana & Texas, 23 per cen t; Louisiana Western, 7 per cent.
Proprietary lines not operated under omnibus lease: South Pacific
Coast, Northern Railway, Northern California, Texas & New Orleans,
Galveston Harris. & San Antonio. Gulf West. Texas & Pac., N.Y. Texas
& Mexican. For further information see separate statement for each.
L eased L ines .—The leased lines other than proprietary lines are: Cen
tral Pacific, Oregon & California and California Pacific. See each co.
C a p i t a l St o c k .—St o c k a u th orized , $ 1 5 0 ,0 0 0 ,0 0 0 .
See V . 4 8 , p. 428-
G uaranties , E tc .—In Deo., 1892, company agreed to guarantee San
Antonio & Aransas Pass new first 4s for $21,600,000. Other guaran
teed issues are Houston & Texas Central bonds; Austin & N. W. 5s;
Oregon & Cal. 5s; N. Y . Texas & Mexican 4s; eertain of the Central
Pacific’s bonds, etc.—see those companies.
G en e r a l F inances .—On Jan. 1,1894, loans and bills payable $3,742,339, aganist $1,934,535 in 1893. In Jan., 1894 the So. Pac. received
$1,662,500 capital stock of Wells, Fargo & Co., in return for express
privileges for 21 years.
E arnings.—9 mos., $ 1894, gross, *31,816,880; net, $10,457,174.
Jan. 1 to Sept. 30. ( 1893, gross, 35,425,838; net, 12,388,617.
6
6
5
4
5
g.
g.
g.
g-
M. & N. London, Baring Co., L’d
A. & O. N. Y. Of., 120 Broadw’y
F. & A. N. Y., Office, 120 B’wav.
J. & J. N. Y.. S. Pac., 23 Br’d St.
F. S A. Aug., 1889, coupon on.
c
May
Apr.
Aug.
July
Feb.
1,
1,
1,
1,
1,
1903
1910
1936
1937
1922
J. & J. N. Y „ 23 Broad St.
6
Jan. 1, 1911
6 g. J. & J. N.Y., 8. Pac., 23 Br’d St. Moh., 1909
c
6 g. J. S J.
do
do
Mch. 1, 1910
gg.
g.
g.
g.
gg.
gg.
A.
A.
A.
A.
A.
A.
J.
M.
J.
150,000
6
2,000,000
7
500,000
7
2,000,000 5 to 6
5,660,000 5 to 6 g.
744,000
5 g.
310,542
5,997,000
6 g.
3,368,000
5
1,153.000
5 g454,190
A.
J.
A.
J.
6
6
6
6
6
5
5
5
6
& O. N. Y., S. Pac., 23 Br’d St.
< o.
fc
do
do
< o.
fe
do
do
& o.
do
do
& o.
do
do
& o.
do
do
& J.
do
do
do
do
S N.
c
& J. New York, 23 Broad St.
Apr.
Oot.
Oct.
Apr.
Apr.
Oct.
Jan.
Nov.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1905
1905
1906
1912
1937
1938
1905
1937
1911
o. N. Y.City, Drex.,M.&Co.
Apr., 1913
Jan. 1, 1895
Oct. 1, 1910
Jan. 1, 1916
Jan. 1, 1922
Various.
1895 to 1898
Jan. 1, 1915
J. & J.
New York City.
A. < ().
fc
Apr. 1, 1927
See text.
M. & s. N. Y. Drexel, Morg’n&Co Sept. 1, 1909
do
do
1895 to 1898
S
c
S.
r
<
fe
S
c
fe
J. <
F. &
do
do
See text.
J.
See text.
J.
See text.
A. N. Y., Drexel, M. Sc Co.
J.
o.
A nnual R epo rt .—Fiscal year ends Dec. 31. Annual meeting is held
at San Francisco on first Wednesday following first Monday in April.
Report for 1893 was given at much length in V, 58, p. 702, 717, snow
ing for the whole system, including steamship lines, as below.
Tear ending Dec. 31—
1891.
1892.
1893.
Average mileage operated
6,376
6,486
6,599
Gross earnings......................... $50,449,816 $48,972,195 $48,049,548
30,576,244
Operating expenses............... 31,163,612 31,288,199
Earnings over operating exp..$19,286,204
Trackage and ren tals............
564,193
$17,683,996
625,926
$17.473,304
658,610
Total net income.................$19,850,397 $18,309,922 $18,131,914
Taxes.._____U ......................... $1,261,984 $1,249,849
$1,360,845
Betterments and additions___
259,570
339,078
311,568
Interest on bonded debt........ . 10,629,900
10,512,478
10,786,310
3,598,167
3,677,001
Rentals, &o.............................. 4,334,983
Balance, sur. before division
of profits to prop’y comp’s $3,363,960
$2,610,349
$1,996,190
The sum due the proprietary companies practically inures almost en
tirely to the Southern Pacific Company as the principal owner of the
stock of said proprietary companies. See V. 56, p. 928, and V. 54, p.
804.—(V. 56, p. 5 7 7 ,9 2 2 , 9 2 4 ; V. 57, p. 469, 684,1040, 1122 ; V. 58,
p. 305, 5 9 4 , 595, 7 0 1, 7 1 7 .)
r
Southern Pacific of Arizona.—
See July, 1894, Supplement .
Southern Pacific (of California).—(See Map.)—A. consolida
tion of May, 1888, amended in November, 1892, of several lines in Cali
fornia. Total mileage Deo. 31,1893, was 1,861 miles, of which 1,854
miles was owned, but of this 242-5 miles perpetually leased to and oper
ated by the Atlantio & Pacific RR. Co.. Balance leased to the Southern
Pacific Co. for fixed charges, betterments and additions, and 44 per cent
of the surplus income under the “ omnibus lease.”
Stock .—Authorized stock, $90,000,000, par $100 ; outstanding, $67895,900, all but $2,780,950 being held by Southern Paoiflo Company.
B on d s.—
The first 6s are being gradually retired with proceeds of
land sales, &c., but are not subject to call. There is also a sinking
fund of $100,000 per year. General Mortgage of 1888 abstract was
in V. 49, p. 509 ; these bonds are being retired by consols and deposited
as collateral for them. Consolidated Mortgage authorized in Sept., 1893,
(see full abstract V. 57, p. 1041), provides for all prior liens and new
construction. Bonds may be issued not exceeding $30,000 per mile, of
which $7,500 a mile is reserved for additions and betterments. See V
57, p.469. This mortgage covers several new branch lines, total 122
miles, not covered by any other mortgage. See V. 57,p. 1040.
Land Gkant.—The land grant was 12,840 acres per mile, and proceeds
of sales go to retire bonds, but a large proportion of the lands bar
ren and useless for agricultural purposes without irrigation. In 1893
the net sales were 530,603 acres, for $1,405,505, against 31,996 acres
in 1892 for $157,309 ; interest on deferred payments, $69,958 ; land
notes outstanding Jan. 1,1894, $3,748,615.
E arnings.—9 months.— <1894, gross, $6,638,536 ; net, $2,491,224.
January 1 to Sept. 30. ( 1893, gross, 8,068,771 ; net, 3,431,286.
A nnual R eport.—Separate Report for year ending Dec. 31,1893»
was given in V. 59, p. 370 and 374. See also editorial, p. 356.
In 1893 gross earnings of both divisions were $10,669,223; net,
$4,312,190 ; adding rental ($436,455) received from Atlantio & Pacific
RR., etc., total net income, $4,789,718, against $4,778,413 in 1892 ;
surplus over charges, $1,898,211, against $1,682,376 in 1892; net
profit due company under lease, $1,164,741. ( V. 55, p.765; V. 57, p.
469,1040,1041 ; Y. 58, p. 556, 636, 816; V. 59, p. 28, 3 5 6 , 3 7 0 , 3 7 4 .)
Southern Pacific of New Mexico.—
Owns Arizona State Line to
Rio Grande bridge, etc., 171 miles. Operated under lease by So. Pacific
Company, the lessee paying all charges and 6 per cent of net nroflts
under the omnibus lease. Stock, $6.888,800 (par $100), all but $2,500
being held by South’n Pacific Co. Sinking fund Jan. 1,1894, $395,908.
E arnings.—9 months.— 51894, gross, $671,150 ; net, $80,560,
January 1 to Sept. 30. ( 1893, gross, 700,665 ; net, 260,016.
In 1893 gross, $943,728 ; net, $352,283 ; surplus over charges, $75,756, against $210,131 in 1892. Net profits under lease in 1893, $158,
828. In 1892 gross, $1,013,547 ; net, *485,425.
Southern Railway Company.—(See Map.)—Company operates
about 4,590 miles of road extending from Washington, D. C., and West
Point and Richmond, Va., to Danville, Va., Charlotte, N. C., Columbia,
S. C., and Atlanta, Ga., thence northerly to Bristol, Tenn., southeasterly
to the coast at Brunswick, Ga., and westerly across the States of Ala
bama and Mississippi to the Mississippi River at Greenville. Water
lines—Ocean SS. Co. and Baltimore Chesapeake & Richmond S. B. Co.,
200 miles. The system includes the following :
Lines owned, 3,109 miles; controlled by ownership of all or nearly
all capital stock, 565 miles; leased, 492 miles; operated under various
arrangements, 175 miles; Knoxville S Ohio (nearly all stock owned), 66
c
miles; steamboat lines, 200 miles; total steamboat and railroad lines
Sept., 1894, 4,607 miles. Lines operated independently in which com
pany is interested as bondholder, 184 miles. Grand total, 4,791 miles.
The mileagé in détail was in Chrq nicle , V. 59, p. 517.
131
BONDS.
AND
STOCKS
RAILROAD
N o vem ber , 1894.]
133
INVESTORS’
SUPPLEMENT.
[Vol. LIX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables*
RAILROADS.
Bonds—Princi"
INTEREST OR DIVIDENDS
Miles Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes of
of
Par Outstanding Rate per When Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
Southern Railway.—(Concluded.)
Rich. Y. Riv. & Ches. 1st M., ext. in 1 8 9 4 ....../.
38 1873 $1,000
$400,000
5
J. & J. N. Y., Drexel, M. & Co. Jan. 1910
2d M., extended from l900..............................
1,000
38 1880
500,000
do
do
4*2 M. & N.
Nov. 1910
Washington Ohio & Western 1st mortgage..........
50 1884
1,000
1,025,000
4
F. & A.
do
do
Feb. 1, 1924
West. Nor. Car., 1st con. M., g ............................ c* 309 1884
1,000
2,531,000
do
do
6 g. J. & J.
July 1, 1914
Rast Tennessee Virginia & G eorgiaOld 1st M. s.f. (Bristol,Tenn.v. Chat.to Dal.,Ga.) 272 1870
1,000
3,123,000
7
J. & J.
do
do
July 1, 1900
Divis’n’l M., g „ (Bristol, Tenn. to Selma, Ala.)o* 552 1880
1,000
3,106,000
do
do
July 1, 1930
5 g- J. & J.
E. T. Va. & Ga. consol. M., g. ($20,000,000).c&r 1,020 1886
1,000 12,770,000
do
do
5 g. M. & N.
Nov. 1, 1956
Equipment notes (including Louisville South.).
398,352
do
do
1895 to 1896
Ala. Cent. 1st M., Selma to Meridian, gold........... ” 95 1879
1,000
1,000,000
See text.
6 g. J. & J.
July 1, 1918
South. Ry.—E. Tenn. lien, gold (5 after Mar.,’98)
1894
4,500,000 4 to 5 g. M. & S.
See text.
Mch., 1938
B . — O n p r o p e r t i e s p r a c t i c a l l y o w n e d b y (* ) O R L E A SE D t o nr
So u t h ERN R y .
*1TVirginia Midland—Serials..................................
1881 lOO&c.
7,635,000 4 ,5 , 6 M. & S. N. Y., Drexel, M. & Co. Var. 1906-31
General mortgage.............................................
1,000
4,859,000
M. & N.
1886
5
do
do
May, 1936
*1fCharlottesville & Rapidan, 1st mortgage.........
421,700
6
28 1879 lOO&c.
J. & J.
do
do
July 1, 1913:
*ÜFranklin & Pittsylvania 1st mortgage.............
31 1879
79,000
6
J. & J.
do
do
July, 1913
ifAtlanta & Charlotte—
Stock......................... .
100
1,700,000
5-6 M. & S.
do
do
Sept., 1894
Preferred mortgage, subject to call at 100.c* 265*2 1877
1,000
500,000
7
A. & O.
do
do
Apr. 1, 1897
1st mortgage..................................................... r 265*2 1877
1,000
4,250,000
7
J. & J.
do
do
Jan. 1, 1907
Income bonds (not cumulative)..................... r . . . . 1880
500
750,000
6
A. & O.
do
do
Apr. 1, 1900
ifNorth Carolina—Stock rental 6*2 per cent........
4.000.
000 6
J. & J.
July 1, 1894
...............
4
*Knoxville & Ohio, 1st mort., gold.................c*&r ” 66 1885
1,000
2.000.
000 6 g- J. & J.
July 1, 1925C.—On a l l p r o p e r t y op South ern R y ., includin G L EAS E - H O I DS, &c.. 1st LIEN ON A BT. 900 M ILES OF ROAD AND ON STEAMBO ATS.
Southern R y.— cons. M. g.($120,000,000)c*&r 4,502 1894 l,000&c 21,911,628
1st
See text.
July 1, 1994
5 g- J. & J.
Southwestern (Ga.)—Stock (see text).......... ............. 333
100
5,191,100 7 per an. J. & D. Savannah and Macon.
....
See text.
Southwest Pennsylvania—Stock [$3,000,000 auth.]. 109
50
1,499,900 See text.
Phila., 233 S. Fourth St. Oct. 1, 1894
1st M., sink, fund $5,000 yearly, not drawn.......r 109 1877
1,000
900,000
7
F. & A.
do
do
Feb. 1, 1917
Spokane Falls A North.—1st M., $20,000 p. m ., g.c* 140 1889
1,000
2,812,000
6 g. J. & J. N. Y., Chase Nat. Bank. July 1, 1939
Spuyten Duyvil AP,tMor.~&todk,8 p.c.gu. N.Y.Cent.
6
100
989,000 8 per an. J. & J. N. Y.. Gr’d Cent. Station July, 1894
State Line A Sullivan—1st mortgage.................... c*
24 1879 100 &c.
300,000
6
J. & J. N. Y., Union Trust Co. Jan. 1, 1899
Staten Island—1st M., $1,000,000, gold, gu. p.& i.c*
1,000
13 1893
500,000
New York City.
4*2 g. J. & D.
June 1, 194$
Organ ization , E tc .—A reorganization in 1894 of the old Richmond
& West Point Terminal Railway & Warehouse Co. and its subordinate
companies, including the Richmond & Danville and East Tennessee
Virginia & Georgia systems. The Drexel-Morgan reorganization plan
presented in May, 1893, was given in full in V. 56, p. 858, 874, and cer
tain changes thereof in pp. 1016,1058, and V. 57, p. 61
The modified
plan of Feb. 20.1894, was given in full in V. 58, p. 363, 385; see also
each company in March and May, 1894, Supplements .
The right is reserved to make any subsequent disposition regarding
the securities of Alabama Central and Atlanta & Charlotte companies.
Reorganization Committee were Messrs. C.H. Coster, George Sherman
and Anthony J. Thomas.
After its reorganization the Central of Georgia system will be man
aged in dose connection with the Southern Ry. Co., which owns
$4,220,000 of Georgia Central stock.—V. 59, p. 835.
Minority interest In Cincinnati Extension bonds was purchased in
September, 1894.—See V. 59, p. 472.
STOCK.—Authorized about $125,000,000 common and $60,000,000
five p er cent non-cumulative preferred stock. The new com pany m ay
at any tim e redeem this preferred stock in cash, at par.
Both classes o f stock o f the new company (except sufficient to qualify
directors) are to be deposited with three stock trustees, who shall be
appointed by Messrs. Drexel, Morgan & Co. The stock shall be held by
the stock trustees and their successors, jointly till July 1,1899, and for
such further period (if any) as shall elapse before the preferred stock
shall have paad five per cent cash dividend in one year, although the
stock trustees may, m their discretion, deliver the stock at an earlier
date. Certificates of beneficial interest, entitling the holder to divi
dends, will be issued in lieu of the stock so deposited. Stock trustees
are J. Pierpont Morgan, Charles Lanier and George F. Baker.
C oupon P aym ents —Under terms of reorganization certain of the
bonds in the table above either had their interest partly funded or
made payable in full only after a certain interval. A list of these
bonds is given below, interest at the old rate being pavable after the
period named. For loans not mentioned see rate in table :
Title o f bonds—
Interest payable.
Charlotte Col. & Augusta 2ds... .Till April, 1895, inclusive, funded into
p referred stock.
Columbia & Greenville, 1st M .. .For 5 years from Jan. 1,1893, interest
5 p. ct. cash and 1 p. ct. pref. stock.
Georgia Pacific, ls ts..................... For 5 years from Jan. 1,1893, interest
5 p. ct. cash and 1 p. ct. pref. stock.
Richmond & Danville, Debent’s..Till Oct., ’95, inclusive, to be funded;
thereafter 5 per cent cash.
Alabama Central................ ......... Reserved for investigation.
Southern R’ way Consols for $4,000,000. - Draw int. from Jan. 1,1895*’
"
"
“
$2,000,000..Draw int. from July 1,1895*.
“
“
for about $7,911,000..Draw int. from Jan. 1,1896*.
“
“
balance...$8,000,000..Draw int. from date of issue.
“
“
East Tennessee lien for equipment and improvement
bonds, interest funded to Mar. 1,1895, inclusive.
* Interest prior to this either funded or not to be paid, but holders
in some cases have paid additional sums to obtain bonds with all
coupons attached.
B onds .—The new first consolidated mortgage, Central Trust Co.,
N. Y., trustee (see abstract in V 59, p. 783), is secured by mortgage and
pledge of all the property of the new company. The total authorized
issue is $120,000,000 o f 5 p. c. gold bonds, but the mortgage restricts
the issue of bonds as follow s:
To be issued forth w ith .............................. ............................ $21,911,628
reure certain ^equipment obligations (see V. 59, p. 786)
To be issued after Jan 1,1896, and then only for exten
sions and additions at not exceeding $2,000,000 yearly,
with a single exception as to $4,000,000 (see V.59,p.786).
5,700,000
3,263,672
20,000,000
Total authorized issue..... ........ ..............f ....................$120,000,000
Richmond York River A Chesapeake 2d mortgage 6s due Nov. 1,
1900, were extended at 4*2 per cent to Nov. 1, l9 l0 .
The Southern Railway East Tennessee lien bonds were issued for
the old E. T. Va. & Ga. equipment and improvement 6s. Each im
provement and equipment bond received under the plan 75 per cent in
bonds having present lien or lien equal thereto, and bearing interest
at 4 per cent for 5 years from March 1,1893, and at 5 per cent there
after, and 50 per cent in preferred stock of new com pany; but March,
1893, coupon, and all new coupons to March 1,1895 (inclusive), funded
into new 5s at par bearing interest from Jan. 1,1895.
Charlotte Col. A Augusta first 7s due Jan. 1,1895, are to be extended
to July, 1909, at 5 per cent.
Old R. A D. debenture 6s have coupons from Oct., 1892, to Oct., 1895
(inclusive), exchanged for $25 per coupon in new 5s bearing interest
from Jan. 1,1895, interest thereafter to be reduced to 5 per cent per
annum in cash—the income clause being canceled.
From the -tonthern Ry. consol mortgage it would appear that the
future treatment of the Alabama Central'bonds had not been decided
upon. Of the $20,000,000 consols reserved, $4,000,000 may be used
to acquire t^ueen & Crescent securities. Prior bonds must be paid at
or before maturity. Full abstract of deed V. 59, p. 783.
A d d it io n al B ond and S tock I ssues .—The amounts o f new securi
ties may be increased to acquire interests in any lines contemplated in
the original plan and now not provided for, but not in excess of the
totals contemplated in said plan, but no additional mortgage shall be
put upon the property to be acquired hereunder, nor shill the author
ized amount of the preferred stock be increased without the consent o f
a majority of the preferred stock.
A pplic atio n of N e w Secu rities .—Under the modified plan o f Feb
20,1894, it is estimated that about $101,000,000 new bonds (inch $78,
000,000 to provide, as necessary or desirable, for bonds or guaranteed
stocks not disturbed), $48,000,000 preferred stock and $120,000,000
common stock will be necessary to carry out the plan. The remainder
“ as finally ascertained ” to be reserved and restricted for future needs
as in the original plan, except that only $2,000,000 (instead of $2,500,000) shall be used in any one calendar year; but an additional $3,000,000 may be specifically appropriated, with the unanimous consent of
the stock trustees, for the building of branches or extensions, if under
taken within 3 years after the creation of the new mortgage.
G en e r a l F inances .— Under the plan , $10,550,000 in cash was
raised from the sale of $8,000,000 new 5s at 85 per cent and $25,000,000 new common at 15 p. 0., and $7,620,000 from assessments, thus
avoiding fixed charges on this sum. This total ($18,170,000) to be
applied as follow s:
For floating debts (since paid off)................ ................ ......$11,300,000
For equipment notes maturing next two years.....................
9o0,000
For new construction............................................................... 5,000,000
Expenses and contingencies.............. .......................... ..........
970,000
This and other savings are expected to give a large earning power to
the new preferred stock so soon as the railways are brought up to a
proper physical condition.
The capitalization of the new company outstanding on completion o f
the reorganization may be estimated per mile of railroad owned o r
controlled at about the following :—
Per mile—bonds, $22,000; pref, stock, $10,000; common, $26,000.
E arnings , E tc .—Fixed charges were $9,900,000.
Under the
modifications proposed fixed charges will be $4,100,000 in 1894,
$4,700J)00 in 1895 and $5,40 ',000 in 1896.
L atest E arnings .—3 mos. 51994, gross, $3,487,838; net, $1,073,531
July 1 to 8ept. 30.
(1893, gross, 3,222,564; net,
740,846
Includ.ng the Richmond & Danville, Georgia Pacific. Char. Col. &
Aug. and Columbia & Greenville roads—
From July 1 to
$ 1893-4, gross, $10,800,506; net, $2,785,673.
M a y3 1 ,llm os.
(1892-3, gross, 11,529,127; net, 3,329,199.
Of f ic e r s .— For directors elected Oct. 23, 1894, see V. 59, p. 739.
President, Samuel Spencer. 80 Broadway, N. Y.; 2d Vice-President,
Alexander B. Andrews, Raleigh, N. C.; 3d Vice-President, W. H. Bald
win, Jr.; Treas., H. C. Ansley; See., W. A. C. Ewen, 80 Broadway, N. Y.
—(V. 57, p. 105,342,765,854,1084,1123 ; V. 58, p. 128,179, 265, 307,
363, 384, 431, 476, 514, 637,1073,1110; V. 59. p. 29,74,153,192, 332.
372, 472, 515, 541, 601, 651, 697, 739, 761, 782, 783, 835, 836, 880.)
Southwest Pennsylvania.—Greensburg, Pa., to Fairchanoe, Pa.
44 miles, and branches, 65 miles; total, 109 miles. Leased to Pennsylva
nia RR., which pays net earnings as rental and owns $1,057,250
stock and $600,000 bonds. In 1893 gross, $740,982; net, $219,588*
agst. $356,108 in 1892. Dividends in year 1891-9210 p, c.; 1893,1.0 p. c.;
in 1894, April, 5 p. c.; Oct., 5 p. c.
Southwestern (Ga.)—
Owns Macon, Ga.,to Eufaula, 144 miles, and
branches to Columbus, <sc., 188 miles. Leased in perpetuity August 1,
1869, to Central RR. of Georgia, which guaranteed 7 per cent on stock.
D e fa u l t .—The lessee defaulted on dividend due Dec. 31,1892.
L atest E arnings —9 m os., J 1893-4, gross, $925,255; net, $355,370.
July 1 to Mar. 31.
(1892-3, gross, 828,653; net,
98,740.
For year ending June 30,1893, gross $1,016,769, net $59,000. In
year 1890-91 gross $1,161,133; net, $200,254, against $276,932 in
1889-90 and $436,133 in 1888-89. Rental, $363,422. (V. 57, p. 21.
59,595,1084; V. 58, p. 4*, 988.)
Spokane Falls Sc Northern.—
Owns from Spokane Falls, Wash
ington,to Northport (near Canada line), 131 miles. The Nelson & Fort
Sheppard Ry., completed in March, 1894, is in the interest of the Spo
kane Falls & Northern, from Northport, Wash., to Kootenai Lake, Brit
ish Columbia, 67 miles. Manhattan Trust Co., N. Y., is trustee of Spo
kane Falls & Northern mortgage. Stock, $2,500,000; par $100.
Spuyten Duyvil Sc Port Morris.—
Road is 6 miles double track
and connects the N. Y. Central & Hudson with the N. Y. & Harlem.
Leased to New York Central till Deo. 31,1970, at 8 per oent on stock.
State Line Sc Sullivan.— Supplem ent of September, 1894.
See
Staten Island.—
Clifton to Tottenville, 13 miles. Leased to Staten
Island Rapid Transit Co. till 1983, at $80,600 per annum, which pays
$4 per share on stock, interest on bonds and organization expenses.
St o c k .—Authorized, 60,000 shares originally $15 per share; out
standing, 14,000 shares. In 1893 changed formally par value, making
each certificate $75, and hence total outstanding $1,050,000.
B onds —Of the 4*2 per cents no more than $500,000 to be issued exoept on two-thirds vote of stockholders. They are guaranteed principal
and interest by Rapid Transit Co., and are so endorsed. Mercantile Tr.
Co., trustee. (V. 56, p. 887.)
N o v e m be r , 1894]
KAILEOAD STOCKS AND BONDS.
133
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese T a b les.
Bonds—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal,When Due.
Amount
of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Yalue.
on first page of tables.
Cent. Payable
Whom.
Dividend.
Staten 1st. Bap. Tr.—1st M., g., $ or £, s.f., not dr. .0* 1 All. 1883 $1,000 $1,000,000
6 g. A. & O. N. Y., foot Whitehall St. Jan. 1, 1913
2d M.,g.,gu.p.&i.(en.)..........................................c&r «... 1886
1,000
2,500,000
5 g. J. & J. N.Y., foot Whitehall St. Jan. 1, 1926
Incomes, gold (non-cumulative).............................
1885
1,000
4,500,000 up to 6 g.
do
do
Jan. 1, 1946
Stockbridge & Pittsfield—6 p.o. rental N.Y. N.H.&H. '2 3
100
448,700 6 per an. Q .-J .
Stockbridge, Mass.
Oct., 1894
Stuttgart<&Arkansas Riv.—1st M. for $500,000, g..C
34 1891
1,000
450,000
5 g. J. & J. July, ’92, coup, last pd.
1921
20
Summit Branch (P a.)—Stock.....................................
50
4,010,350
PhUa., 233 S. Fourth St. Feb. 16,1876
20 1874
1st mortgage, sinking fund, not drawn..................
1,000
1,122,000
7
J. & J.
do
do
Jan. 1, 1904
43
Sunb'ru Haste. <t Wilkesb.-Stock (owned Dy Pa. RR.)
1,000,000 See text. M. & N.
do
do
See text.
43 1878 100 &c.
1st, Ser. A & B, dr’n at 100 ($1,000,000 are 5s).o
1,185,000 5 & 6 M. & N. Philadelphia, Penn. RR. May 1, 1928
2d mortgage, income..................................
o&r
43 1878 100 &c.
1,350,000
M. & N.
6
do
do
May 1, 1938
Sunbury < Lewistown—Stock.....................................
&
43
50
600,000 8 per an. A. & O. Phila., Guar. T. & D. Co. Oct. 1, 1894
c*
1st mortgage..............
43 1876
500
500,000
7
J. & J.
do
do
July 1, 1896
Suspension Bridge < Erie Junction—1st M.gu.byErie
6
23 1870
1,000
1,000,000
7
J. & J. N. Y. Lake Erie & West. July 1, 1900
Syracuse Binghamton < New York—Stock................
6
81
100
2,500,000 See text. Q.—F. N.Y.,D. L. & W. RR. Co. Nov. 5, 1894
ConsoL M.(p. andi. guar, (end.) by D.L.&W.).c*&r
81 1876
1,000
1,966,000
A. & O.
7
do
do
Oct. 1, 1906
Syracuse Geneva < Coming—lstM .,s.f.dr’natpar.c
&
57 1875 100 &c.
748,300
M15&N. N. Y., Farm. L. & Tr. Co. Nov. 15,1905
7
2d mortgage.................... ....................................... c
57 1879
1,000
600,000
M. & S. N. Ÿ., Gr’d Cent. Depot. Moh. 1, 1909
5
Tennessee Midland— ee Paducah Tennessee & A LABA M A.
S
Terminal Railroad Association—lstm ort., gold-.e* . . . . 1889
1,000
7,000,000
4*flg; A. & O. N. Y., Drexel, M. & Co. Oct. 1, 1939
2d mortgage, gold.....................................................
1893
1,000
5 g.
do
do
(?)
... .
St. Louis Bridge Co. 1st pref. stock, guaranteed.
100
2,490,000
6
J. & J.
do
do
July, 1894
___
100
2d preferred stock, guaranteed, endorsed........
3,000,000
3
J. & J.
do
do
July, 1894
1st mortgage, guar, p & i., end., gold............o*
1879 500 &c.
5,000,000
7 g. A. & O. New York and London. Apr. 1, 1929
....
........
Tunnel Railroad of St. Louis, stock, guar, (end.).
1,250,000
6
J. & J. N. Y., Drexel, M. & Co. July 1, 1894
___
Terre Haute < Indianapolis—Stock......................... o . . . .
£
50
1,988,150 6 per an. F. & A. N. Y., Farm. L. & Tr. Co.
See text.
Consol, mortgage, now 1st mortgage, gold.........
125 1885
1,000
1,900,000
do
do
5 g. J. & J.
July 1, 1925
New cons. M., g., red. aft. July 1,1902, at 1 05..c 125 1892
1,000
600,000
5 g. J. & J.
do
do
July 1, 1925
Ind. & L. Mich. 1st m., $12,000 p. m., gold, guar.,o*
40 1889
1,000
480,000
5 g. M. & 8. N. Y., Central Trust Co. Sept. 1, 1939
Terre Haute dt Logansp.—Is tM., guar. byT.H.&Ind.
93 1879
1,000
500,000
6
J. & J. N. Y., Farm. L. & Tr. Co. Jan. 1, 1910
1st M. on Logans, to South Bend (2d on 93 m.)gu.
65 1883
1,000
1,000,000
6
J. & J.
do
do
Jan. 1, 1913
Terre Haute dt Peoria.—1st M., $2,500,000, g., gu.o* 144 1892
1,000
2,000,000
5 g. M. & S. N.Y., Blair, 33 Wall St. Sept. 1, 1942
-------J
RAILROADS.
For explanation of column headings, &c., see notes
Staten Island Rapid Transit R R .—Owns line of road around
th e Staten Island shore, east and north sides, from South Beach to a
point opposite Elizabethport, N. J.; total owned 11 miles; leases Staten
Island Railway, 13 miles; total operated 24 miles. It has a 99 years*
lease of the Staten Island Railway and controls the ferry between
NewYcrkCity andBay Ridge, L. I.; also ferry between Tottenville, S. I.,
and Perth Amboy, N. J. The ferry franchise, New York to Staten
Island, for 10 years’ from June 1,1894, formerly controlled, was ob
tained in October, 1894, by the Staten Island Rapid Transit Ferry Co.
The Staten Island Rapid Transit Co. will continue to operate the
ferry, however. See V. 59, p. 601, 651, 782, 880. The bridge over the
Kills at Elizabethport was completed in 1890, and since July 1,
1890, the entire freight traffic of the Baltimore & Ohio RR. Co. to and
from New York has been handled by this company. See V. 51, p. 718
Secu rities .—The Baltimore & Ohio guarantees the 2d mortgage
bonds and owns a majority of the stock of $500,000 (par $100). The
second mortgage covers all the company’s property, franchises, etc..
u except its franchise to be a corporation.” The income bonds are held
by the B. & O. and the Staten Island Rapid Transit, one-half each.
Loans and bills payable, $752,000 on Sept. 30,1894.
E arnings .—3 months,) 1894, gross, $381,139; net, $195,637.
July 1 to Sept. 30.
51893, gross, 363,907; net, 188,901.
For 3 months to Sept. 30,1894, surplus over charges was $112,336,
against $106,710 in 1893.
Fiscal year now ends June 30. In year ending June 30,1894, gross
earnings were $1,031,371; net, $366,640; interest, rentals and taxes,
$309,625; balance, surplus, $57,015. In 1892-93, gross, $1,054,029;
net, $337,965. (V. 56, p. 207, 793; Y. 57, p. 256, 412, 809; Y. 58, p.
265, 774; V. 59, p. 234, 4 7 2 , 601, 651, 782, 836, 880.)
Stockbridge Sc Pittsfield.—Vandeusenville to Pittsfield, Mass.,
23 miles. Leased for 99 years from April 1,1893, to N. Y. N. H. &
Hart., at 6 per cent on stock. Lessee pays taxes. Old lease to Housatonic is suspended but not canceled.
Stuttgart Sc Arkansas River.—
Stuttgart to Greenwald, Ark., 34
miles. Opened in 1892. Capital stock outstanding, $500,000; par,
$100. Mortgage Trustee, Farmers’ Loan & Trust Co. Interest defaulted
January, 1893, and in June, 1893, A. V. Stafford made receiver.
Summit Branch (Pa.)—
This company’s business Is almost
entirely in mining coal; it leases the Lykens Valley RR., Millersburg
to Williamstown, Pa., 20 miles, and has a small branch of its own to
Summit Mines, % of a mile. Operated by the Northern Central under
contract. Pennsylvania RR. owns $2,190,200 stock and $480,000 bonds.
E arnings . - The earnings from the railroad are in eluded in the N orth"
c m Central report, the following being from mining operations on ly
For 7 months,> 1894, gross, $525,555; deficit, $12,932.
Jan. 1 to July 31.51893, gross, $742,607; net,
$88,986.
In i893 gross, $1,267,210; net, $93,924, agst. net, $114,552 in 1892.
Sunbury Hazleton & Wllkesbarre.—
Sunbury to Tomhicken
Pa.. 43 m. A coal road operated by the Penn. RR. Co., which owns the
entire capital stock and $177,000 lets (series B) and $488,600 incomes.
Sinking fund for 1st mortgage now draws about $9,500 bonds yearly
a t par. Of 1st mortgage $1,000,000 is series A. D ivid en ds .—From May
1889 to ’92, 6 p. c. yearly; in 1893, 8 p. c . ; payable semi-arn. Gross
earnings in 1893, $668,889; net, $317,915, against $267,822 in 1892;
interest, $142,100; dividends, $80,000.—(V. 54, p. 761, V. 56, p.792.)
S u n b u r y Sc L e w i s t o w n .—Selinsgrove Junction to Lewistown, Pa.«
43 miles. Leased for 99 years from July 1,1876, to Pennsylvania Rail
road for contingent interest in net earnings, which in 1888 were
$123,619; in 1889,$171,210; in 1890, $224.967; in 1891, $216,634; in
1892, $207,708; in 1893, $197,900. Dividends—From 1883 to 1889,
inclusive, 6 p. et. per an.; from 1890 to Oct., 1894, at rate of 8 p. c.
Suspension Bridge Sc Erie Junction.—
East Buffalo Junction
to Niagara Falls and Suspension Bridge, 23 miles; Lockport & Buffalo
Railroad leased, 14 m. Leased to N. Y. L. E. & W. at 30 per cent of gross
receipts, which are guaranteed to be not less than interest on bonds,
$70,000 per annum. Rental in 1892-93, $75,249. Lessees own $203,000
o f the stock ($500,000).
Syracuse Binghamton Sc N. Y .—Qeddes, N. Y., to Binghamton,
N. Y., 81 miles. Controlled since 1857 by Delaware Lack. & western,
which, July 1,1892, owned $1,972,900 stock and guarantees the bonds.
D ivid en ds .—In 1888, 8p. o. and 4 extra; 1889,8; in 1890, 8; in 1891,
8 and 5 extra; in 1892, 8 ; in 1893, 8 per ce n t; in 1894, Feb., 2 p. c.,
May, 2 p. c.; Aug. 2 p. c.; Nov., 2 p. c.
E arnings .—In year ending June 30,1894, gross, $888,095, against
$936,350 in 1892-93; net $402,634, against $432,620; surplus over
charges and dividends, $24,533. V. 55, p. 4 6 1 , 806; V. 56, p. 290,
793; V. 57, p. 299,375, 854; V. 58, p. 306, 817; V. 59, p. 234, 422.)
Syracuse Geneva Sc Corning.—Owns from Coming, N. Y., to
Geneva, N. Y., 58 miles, and Penn Yan to Dresden, 6 m. Leased to Fall
Brook Railway Co. Stock is $1,325,000 (par $100), of which N. Y. Cen
tral & Hudson River owns $662,600. Tn 1893-94 gross earnings were
$645,158, against $789,771 in 1892-93; net, $209,143, against $281,<089; rentals and taxes, $224,705; loss to lessee, $15,562, against profit
$11,650 in 1892-93. (V. 59, p. 296.)
T
erminal R R . Association of St. Louis.—Pr o p e r t y .—Owns
and operates extensive terminals at St. Louis, with belt lines and
bridges, and a tunnel 4,800 feet in length.
Org an ization .—Organized in 1889. The following companies are
sole owners: Cleveland Cincinnati Chicago & St. Louis, Louisville &
Nashville, St. Louis Iron Mountain & Southern, Ohio & Mississippi,
Missouri Pacific and Wabash. These companies have agreed under
contract to use the property forever and to pay as tolls a sum intended
under ordinary circumstances, to be sufficient to provide for interest
on these bonds, in addition to taxes, rentals and other charges, and if,
owing to any temporary unforeseen circumstances the net earnings
should not be sufficient to meet the fixed charges, each line will con
tribute its proportion to the extent of one-seventh of $1,000,000 to
make up any deficiency. Control of St. L. Merchants’ Bridge Term. RR.—
see that company—was obtained in November, 1893. (V. 57, p. 1084.)
L ease ».—The leases of the Bridge and the Tunnel are for their
corporate existence, and were made July 1,1881, to the Missouri Pacifie
ana the Wabash, bv which companies they were assigned to the present
association. The lease guaranteed 6 per cent on the Bridge Co’s $2,490,000 first pref. stock, 3 p. o. on its $3,000,000 second pref. and 6
p. c. on the Tunnel Co’s. $1,250,000 common stock.
B onds , E tc .—The mortgage o f 1889 (trustee, Central Trust Company,
was described in advertisement in Chronicle of February 13,1892,
This mortgage also covers real estate since acquired, costing $1,539,787, subject only (in December, 1893,) to $433,333 of the real estate
notes outstanding. (V. 57, p. 1084 ) The second mortgage of 1893 (Cen
tral Trust Company, trustee), was authorized for $5,000,000 to com
plete new depot in St. Louis (finished in 1894) and for other improve
ments including the érection of six large terminal warehouses on the
site of the old passenger station (V. 57, p. 1124), but no issue had been
made to July, 1894. It is said this mortgage will be canceled and a
new one issued. Bills payable Dec. 31,1893 (real estate) $496,733.
Stock .—I n April, 1893, stockholders voted to increase stock from
$7,000,000 to $12,000,000. Outstanding Dec. 31,1893, $1,441,200.
In Nov., 1893, the Terminal RR. Assn, guaranteed principal and in
terest, by endorsement, the $3,500,000 St. L. Merchants’ Bridge 1st 5s,
and the interest on the $2,000,000 1st 6s of Merchants’ Bridge proper.
A nnual R epo rt .—Year ends December 31. Report for 1893 in V.
58, p. 1108, showed earnings as follows :
Gross
Net.
Other inc. Charges.
Surplus.
1 8 9 3 ...... $1,862,123
$1,055,493 $127,747 $1,031,305 $151,935
1,050,465 142,375
1,006,322 176,518
1892........ 1,908,001
1891........ 1,756,430
938,477 123,665
941,902 120,241
In 1893 out of surplus were paid : improvements, $54,776; int. on real
estate notes. $26,473. (V. 57, p. 809,1084,1124; V. 58, p. 1108.)
Terre Haute dc Indianapolis.—( See Map Pa. RR.)—Owns from
Indianapolis to Illiaois State line, 80 miles, with coal branches, 49
miles ; total, 129 miles. Leases Terre Haute & Logansport RR., 183
miles ; St. Louis Yandalia & Terre Haute, 158 miles ; Indiana & Lake
Michigan RR., South Bend, Ind., to St Joseph Harbor, Mioh., 40 m. ; Terre
Haute & Peoria [less 7 miles trackage], 165 m.; total, 675 miles.
H is t o r y .—In 1893 the Pa. RR. purchased majority of stock.
L eases , E tc.—Leases St. Louis Vandalia & Terre Haute RR. (whioh
see) on joint account with Pittsburg Cincinnati Chic. & St. L. RR., at 30
per cent of gross earnings, and owns $500,000 of it« com. and $326,000 of
its preferred stock. The Indiana & Lake Michigan is leased for 99
years and its bonds guaranteed, principal and interest. In year 1891-92
the I. & L. M. showed deficit from operating of $6,598, against $7,273
in 1890-91. In October, 1892, leased Terre Haute & Peoria—which see,
D ividends since 1876: In 1877, 6 per cent; from 1878 to 1884,
inclusive, 8 ; from 1885 to Feb., 1894, inclusive, 6 p. o. per annum; in
August, 1894, none.
B onds.—The new consolidated mortgage of 1892 is limited to $600,000, and the first mortgage has been restricted to $1,900,000. Re
funding, etc., of bonds m 1893 reduced annual interest charge by
$17,000. In 1893 six per cent equipment notes for $400,000 were is
sued, maturing$5,556 monthly. The Yandalia will pay 42 p. o. of these
the T. H. & L. 17 p. e. and the T. H. & I. 41 p. c. On Oct. 31,1893, bills
payable, $355,593.
E arnings .—In year ending June 30, 1893, gross on 634 miles, $4,
458,514; net, $1,146,650; fixed oharges, $953,271; dividends, $119,289; balance, surplus, $74,090. In 1891-92 net, $1,215,839.—(V. 54, p.
846; V. 55, p. 590,766.)
Terre Hante Sc Peoria.—
Road operated from Terre Haute,
Ind., via Decatur, to Peoria, 111., 172 mues, of which 144 miles are
owned and 28 miles is by trackage over other roads. From Oot. 1,1892,
leased for 99 years to the Terre Haute < Indianapolis at rental of 30
fc
per cent of gross earnings, with a minimum sufficient to pay interest
on debt. See V. 55, p. 766. Stock is $1,837,400 preferred 6 per cent
non-cumulative and $1,926,800 common; par, $100—of whioh the lessee
owns $544,200 preferred and $1,388,000 common.
The bonds of 1892 [Union Trust Co., mortgage trustee], carry the
guaranty, endorsed on each, as to principal and interest o f the Terre
Haute & Indianapolis. In year ending Oot. 31, 1893, gross earnings,
$416,157 ; net, $22,689 ; loss to lessee, $102,159. (V. 55, p. 590,766.)
T ex a rk an a Sc F o rt Sm ith .—See K. C P. & Gulf.
134
INTESTOKS’
SUPPLEMENT,
[V ol, LIX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
RAILROADS.
Bondi»—
-Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount Rate per When
For explanation of column headings, &c., see notes of
of
Par
on first page of tables.
Road, Bonds Value. Outstanding Cent. Payable Where Payable, and by Stocks—Last
Whom.
Dividend.
Tex. Cent.—Stock ($1,324,500 is 5 p.c. non-cum. pf.)
$3,974,000
1st mortgage for $2,000,000 gold, red. at 105...c* 177 1893 $1,000
500.000
A. & O N.Y., Moran, 68 Wm. St. Apr. 1, 1923
Texas < if. Orleans o f' 74—Land grant, 1st M..e*&r 105 1875
6
1,000 1,620,000
?*• F. & A N. Y., S. Pac., 23 Br’dSt. Aug. 1, 1905
Sabine Division 1st mortgage, gold...............c*<fcr 104 1882
1,000 2.575.000
M. & S,
do
do
Sept. 1, 1912
Consol, mortgage for $4,195,000...................c*&r
209 1893
1,000 1.620.000
§§: J. & J, N. Y., Central Trust Co. July 1, 1943
Texas dt Pacific—Stock, $50,000,000........................ 1,499
100 38,710,900
1st M. (Eastern Div.), gold, s. f. red. at 100___c
505 1875
1,000 3.784.000
M. & 8.
"«*• J. & D. N.Y.,Merc.Tr.Co.& Phil, Mch. 1, 1905
1st consol, mort. for $25,000,000, gold............. c 1.387 1888
1,000 21.037.000
do
do
June 1, 2000
2d consol. M. ($25,000,000), gold (see rem.)___c’ 1.387 1888
1,000 23.158.000
i f : Mch. 1.
None paid.
Dec. 1, 2000
Car trusts (as on Dec. 31,1893, payable monthly
435,552
1894-’98.
Texas Sabine Val.di N. W.—1st M. $12,000 p.m., g..c
38 1888
1,000
473.000
Jan., ’93, coup, last pd. July 1, 1938
General mortgage, $17.500 per mile....................
1893
I s50.000
Jan. 1, 1943
Tioga PR.—Stock dj>189,700 is preferred)................
""" 50
580,900
1st M., due 1882 and extended, g o ld .....................
46 1852 500 &c.
239,500
M. & N. Phil.,Newbold’s Son&Co Nov. 1, 1915
Third-rail mortgage........................f ..........
1,000
1876
125.000
M. & N. N. Y., N. Y. L. E. & W. Nov. 1, 1896
Extension bonds.............................................
”46 1875
1,000
265.000
7
A. & O. Elmira,ChemungCo.Bk. Oct. 1, 1905
Elmira State Line Railroad 1st mortgage, guar..
7 1875 500 &c.
160.000
7
A. & O.
do
do
Oct. 1, 1905
Toledo Ann Arbor di North Michigan—Stock.........
100 6.500.000
Toledo Ann Arbor & Gr. Trunk 1st mort., gold.c* "55 1881
1,000 1.260.000
J. & J. Jan., ’93, coup, last pd. Jan. 1, 1921
Tol. A.A. & N.M. 1stM.,Emeryto St.L., Mich.g.c*
97 1883
1,000 2,120,000
6 g. M. & N. Nov.,’92, coup.last paid May 1, 1924
Tol. A.A.&Mt. PleasantlstM.,St.L.toMt.P.gold.c*
21 1886 1,000
400.000
6 g. M. & S. Mch., ’93, coup, last pd. Sept. 1. 1916
Tol. A. A. & Cadillac lstM .,M t.P.to Cadil., gold.c*
63 1886
1,000 1,260,000
eg M. & S. Mch., ’93, coup, last pd. Mch. 30,1917
Tol. A. A. & L. Mich. 1st M., Cadillac to Copemish.
40 1889
1,000
767.000
gs- J. & J. Jan., ’93, coup, last pd. July 1, 1919
Tol. A. A. & N. M. Consol. M. $10,000,000,gold.c* 283 1890
1,000 1,343,000
5 g- J. & J. Jan., ’93, coup, last pd. Jan. 1, 1940
Car trusts, Jan. 1,1894, incl. interest $222,000..
65.000
$10,500 m’tly.
Frankfort & So. Eastern 1st mortgage, gold........
” 23 1889
1,000
234.000
6 g. J. & J. Jan., ’93, coup, last pd. July 1, 1919
Toledo Columbus té Cincinnati—See Toledo & Òhi o Cen TEAL.
Toledo dt Ohio Central—Common stock..............
100 6.500.000 See text.
Central Trust Co. Nov. 25,1893
Preferred stock.............................. ................ '
100 3.708.000 5 per an. Q.— N. Y.,do
J.
do
Nov. 25,1894
1st mortgage, gold (See text)______ ¡5.................
197 1885
1,000 3,000,000 I 5 g. J. & J.
do
do
July 1, 1935
Western Div. 1st mort. for $2,500,000, goid. c
1892
1,000 2.500.000 1 5 g. A. & O.
do
do
Oct. 1, 1935
T e x a s C e n tr a l.—See July, 1894, S upplem ent .
,flT.e.x a s * N e w O rle a n s ( o f 18 7 4 ).-H ouston, Tex., to Orange,
(Sabine River), 105 miles; and Sabine City to Rockland, 103 miles.
„ 18^CF§oT^ E tc.—^ reorganization in 1874. The stock is $5,000,000
1
all but $2,500 of it being owned by the Southern Pacific. In addition
to above bonds there are $405,997 Texas School bonds. Subsidy lands
Jan. 1,1894, were 734,969 acres; other lands 115,523 acres.
■
E arnings .—9 months, ) 1894, gross, $1,102,532; net, $439,159.
Jan. 1 to Sept. 30.
5 1893, gross, 1,318,865; net, 593,527.
In year 1893 gross, $1,759,301; net, $784,938.
Gross in j-893 $1,765,301; net, $790,940; surplus including other
T e x a s & P a e iflc.-R O A D : New Orleans, La., westerly to El Paso,
Mnrshai 1 via Texarkana Junction and Whitesboro
to Fort Worth, 318 miles; branches, 22 m iles; total, 1,499, of which 93
miles, Sierra Blanco to E l Paso, is trackage, and 19 miles, Shreveport
to State line, leased, leaving 1,387 miles owned.
Oeg an izati ° n .—!n l 888 reorganized by the plan in V. 43, p. 164, and
V. 45,p. 401, without having the foreclosure sale confirmed, thus preserving the original Federal charter. Land assets Jan. 1, 1894, were
lots at $500,000, and land notes $94,372. See also Texas Pacific Land Trust in “ Miscellaneous Cos.”
Stock .—Mo. Pacific July 1,1892, owned $6,525,000 stock.
™ortgage of 1888 is Fidelity Ins. Trust & Safe
PhiiadeipMa; o i second mortgage of 1888 Mercantile
Tnist Co., of New York. (See mortgage abstracts, V. 47, p. 82.)
Dec. 31,1893, Texas school loan was $138,500. for which $167,000
first consolidated 5s are reserved; $89,000 old bonds unredeemed • in
terest scrip, income and land grant bonds (retirable under reorganiza
tion agreement), $298,492; other scrip, $15,912.
®
G eneral -F inances .—N o interest was paid on second mortgage bonds
March 1,1892, See provision above and V. 54, p. 486. On Dec 31
besides car trusts as in table there were outstanding onlv $100 000 bills payable, against $323,281 Dec. 31,1892. The company has
been spending much money in needed improvements, $281,268 of the
amount so spent in 1893 being included in operating expenses. About
187 miles of iron rails remain to be replaced by steel, and this, it is
hoped, will be accomplished by Jan. 1,1895.
s
L atest E arnings . Jan. 1 to Nov. 7, 1894 (lO h months! gross
$5,765,115, against $5,819,924 in 1893.
montns), gross
A nnual R eport .—Fiscal[year ends Dec. 31. Annual meeting is held
J1 New_York on the third Wednesday in March. Report for 1893 was
1
in the Chronicle , V. 58, p. 493,510.
Tear ending Dec. 31— 1890.
1891.
1892.
1893.
Gross earnings........ $7,327,711 $7,226,462 $6,987,701 $7,334,294
Net —
l *
¡H earnings............ - ’,467,006
1,510,741
1,309,492
1,912,765
Other receipts..........
151,156
96,151
115,920
117,768
Total incom e.... $1,618,162 $1,606,892 $1,425,412 $2,030,533
Paid rentals, etc.......
$94,978
$82,079
$84,955
$91,127
Interest on debt....... 1,279,490 ' 1,279,490
1,279,490
1,279,490
Surplus for year. $243,694
$245,323
$60,967
$659,916
New equip. &real est. 390,383
212,302
204,424
132,819
« Martin and Cyrus J. Lawrence; depositarie*
Central Trust Co. and Metropolitan Trust Co., New York.
iirra yC om ^ ttee’’ is composed of Geo. W. Murray, Chairman,
uldm nl'fi T » t e wllllai5, H. Male, Joseph Richardson, Henry S,
J- B- Clews and E. C. Steadman ; depositaries, Farmers’ L.
& Trust Co. and Atlantic Trust Co., N. Y.
,
JS?
ko f eSSo o£ the above committees, details of which were
given in V. 59, p. 782, are as below :
■New Securities.~
’
Quintard-Lawrence
M urray Plan
Com parison o p P lans .
Plan .
as m odified.
Old Securities (amounts o f $1,000) ls ( 4s P f stk
ls f 5s. P f. stk.
Tol. Ann Arbor & Gr. Trunk 1st... $1,150
$300
$1,000
Tol. Ann Arbor & No. Mich. 1st_
_ 1,120
400
1,000
......
Tol. Ann Arbor < Mt. Pleasant 1st 1,000
fe
' '
200
950
$50
Toledo Ann Arbor & Cadillac 1st.. 1,000
200
950
50
Tol. Ann Arbor & Lake Mich. 1st..
800
400
750
250
Tol. Ann Arbor & No. M. consols..............
1,300
150
1,000
Frankfort & Southeastern 1 s t....... 1,000
200
No provision.
Òver-due interest.......... . . . i ....... .
No provision.
See*
interest raU
Sdbondsn reserve8 $845,740 new preferred for over-due
andD
under tlm Murray~pian^"$2^7*435.
Charg68 WlU be $253’ 280>
F loatin g D ebt .—In January, 1894, the floating debt, including
overdue interest, but not car trusts, was about $1,250,000. Thif
includes receivers’ certificates for $142,000. See V. 56, p. 751,754. In
*8^3 ^ o e n /w W h
had been reduced by $377,000, leaving
$863,000, of which $650,000 was secured by bonds as collateral.
&
EARNINGS.-9 months, ) 1894, gross, $7 8 7 ,1 4 7 ; net, $188,739.
Jan. 1 to Sept. 30.
51893, gross, 776,794; d e f ./ 78,571.
? i8Cal year ends P eo- 31- Report for 1892 was in
£w £
56’
6Xpen868
understood were excessively
low and did not allow of proper maintenance.
J
Year ending Pec. 31—
1891
1892
1893.
284
307
Average mileage...................... .
303
Gross earnings.....................
$977,254 $1,099,651
$1,038,243
Operating expenses .....................
579,272
678,106
1,055,469
Per cent of expenses to eam’gs.
59-28
61-67
Net earnings.............................. $397,982
Net, including other income....... $397,982
interest, taxes, etc........... .......... _ 396 597
_
Surplus for year........... .............
$3>852
$421,543
$421,543
408,544
def. $17,226
$5,840
405,912
$13,001 def.$400,072
(V. 56, p. 7 5 4 ,8 4 1 ,1 0 5 8 ; V. 57, D. 423. 557 684 723 76*1. v
514, 641, 683, 73 6; Y. 59, p. 7 1 ,1 9 ^ 516,W i , 782.) '
’
roaaIÄ
Ä
na „
58’ P‘
sh T »
O™
f f i . , .....
Alum Creek to Bremen............ 38 I Bremen to New Lexington___ 11
New Lexington to Corning___ 13 |Alum Creek to Columbus........
5
Prentice to Thurston................ 145 To Millfleld and to Carrington 24=
Total owned......................... 326 |
Total operated..................... 367'
' Vqo eo S 4£’6f 2
®™;-*3B,021 def.l43,457sur.$527,097 Kenton to Columbus, 60 miles, was completed in September. 1893
— 5 5 , p. 314, 332, 857; V. 56, p. 4 6 0 , 465; "V.58, p. 4 9 3 , 5 1 0 .)
■
affording a short route to Chicago via Chicago & Erie.
Texas Sabine Valley & Northwestern.—
Longview Junction.
Organization .—Formed after sale in foreclosure o f the Ohio C entral
Texas, to Carthage, Texas, 38 miles. Extension of 30°miles proposed main line on April 15, 1885. In October, 1890, a large interest, in the
T ? x eib S i t h f
? B ’° i
2 miles to Borin, Kanawha & Miclugan (which see) was acquired, and in June, 1893 an
in !893. Stock.— uthorized and outstanding $475,000; Thl Tolldo°rmn^V.,t
A
c? 1
™001™ 8 with the Ches. & Ohio was opened?
par $100. Leon H. Hart appointed receiver Sept. 20,1893.
The Toledo Columbus & Cincinnati was purchased in 1892—see terms
V. 55, p. 590, and as since extended forms the Western Division.
E arnings .—9 months, > 1894, gross, $30,711; def., $590.
Jan. 1 to Sept. 30,
) 1893, gross, 38,322; net, 11,230.
8toc^: vfas increased in February, 1891.
For year ending June 30,1893, gross, $55,731; net, $20,481; interest
t0 f 4’ ?49’00,0’ 311(1 1 1 March,
1
improvements, net, $50,070; deficit for year $29 589 In extensions, rolling stock and improvements. 1893, to $6,500;600, fo r
1891-92, gross, $48,274; net, $12,003.
y
9 , a . m
t o ^ « ^ 8 « el t0 5 per cent non-eumulative, then common
J
Tioga.— July, 1894, S upplement .
See
to 5, then preferred to 2, then common to 2, then both share, pro rata.
Toledo Ann Arbor de North Michigan.—
Owns from Toledo to^i7I? BN -"~011 common: In 1891, 2 per cent; in 1892. 4 p. c.; in
D81
9 ->Jj° Reecher, 272 miles, and branches, 8 miles; trackage, 4 miles
N°v., 1 p. c. See V. 56, p. 887. On preferred from
Proprietary ,line Frankfort & Southeastern RR. October, 1890, to Aug., 1894, 5 p. c. yearly (H4 quar) Div due Tulv
Beecher to Lake Michigan, 23 miles. Total 307 miles.
plfd w°henIduiyred postponed tm August,^^1894A u t Novembe?? 1894,.
R e c e iv e r sh ip . A consolidation of the several Ann Arbor companies
whose bonds appear in the table above. In December, 1892, company , BoND8-~ la® of bonds under the first mortgage has been limited bv
ue
began to exchange traffic with the Green Bay Winona & St. Paul terms of WesternDiv. mort. to $3,000,000 in a llf See Y. 53, p 436. ° y
mortgag® f ° r $2 500,000 covers the road from
R 5 Sl t J ? T '^ | lgnL: (V‘ 56, p* ? 47 -l 0 n -^Pru 28 , 1893, Wellington T n S erS,
rH1 o
i
" ¿ ® urt of Toledo, Ohio, was appointed receiver. Interest due May 1,
132 mRcs, with branch, 3 miles, and also
was not paid. V. 56, p. 574, 841. Foreclosure suits pendingf
1
1885) the rest of the property. The
1 for foreclosure o f Frankfort & Southeastern filed in Feb 1894 Ait« waa «2+ $ l 99-000 West. Div. bonds sold for terminals, equipment,
and Mr. Burt was appointed receiver of that road also.
etc., was hstedin N. Y. in June, 1894. See V. 55, p. 322, 545, 590 625
* P onds.—Of the consols for $1,343,000 outstanding Jan. 1, 1894,
of 1?-94 (Central Trust Co., New York, trustee) is"
$850,000 were pledged to secure floating debt.
fni
t ,ie cutire property. Of these bonds $400,000 are
P^ / 5 386
/
$400,000 for Columbus terminals and
n i ^ MMITT^?T-T,<r uin^ard-Lawrence” committee: G. W. Ouintard»
<9
Chairman, 6 Wall St., N. Y., A. F. Eno, J. Edward Simmons, R. M. GaUa" gener^purposei700’00® f ° r ° ar trll8t8 as they mature, and balance tor-
IS ®
BONDS.
AND
STOCKS
RAILROAD
NOV.MBEB, 1894.j
136
INVESTOKS’
SUPPLEMENT.
[Vol. LlX.
Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount Rate per
For explanation o f column headings, «fee., see notes of
of
Par
When
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where Payable, and by
Whom.
Toledo A 0. Oent.—( Ooncl.)—Gen. M. ($2,000,000) g.
1894 $1,000
5
J. < D. N. Y.,Central Trust Co.
fc
Car trusts. Series 2, 4, 5 and 6, July 1,1894...7.
$617,665
6< 7
fe
Quar.
Toledo A Ohio Gent. Extension—Stock
100
1,500,000
Marietta Mineral 1st M., g ___
45 1885 100<fec.
650.000
6 g. M. «fe N. May, ’93, coup, last pd.
e*
1st mortgage for $1,500,000. gold..........
15 1888
1,000
850.000
M. < N.
fe
See text.
General mortgage..............
1891
600.000
I 8’ F. «fe A.
In default.
Toledo Peoria A West.—IstM ., (for $5,000,000), g.c* 23Ó 1887
1,000
4,895,000
4 g. J. «fe J.
=
See text.
Toledo St, Louis < Kansas Oity.—Common stock. . 451
&
100 11,250,000
Preferred stock, 4 per cent, non cumulative_
_
451
100
5,805,000
1st mortgage, gold (redeemable at 105)........... o* 451 1886
1,000
9,000,000
&
6 g. J. < D. Dec. ’92, coup, last paid
Equipment contracts.............
397,865
Toledo Saginaw A Muskegon—Stock
1,600,000
1st mortgage.....................
1.560.000
5
J. «& J. N. Y., Office, 271 B’way.
Toledo Wathonding Valley A Ohio—Btoek.......
125
100
2.500.000
uen. m . ($20,0 0 0 p. m.),gold, A,guar.p. &i..c*&r 125 1891
1,000
1.500.000
Ä 4 g. J. «& J. N.Y., Farmers’ L’n & Tr.
do
do
B,
do
c*
1893
1,000
1.008.000
4 1 g. J. «fe J.
a
do
do
Traverse Oity RR.—Stock............. .
205,000
1st mortgage, rental guaranty, Gr. Rap. & Ind...
26 1883
1,000
250.000
3
J. < J. N. Y., Winslow, L. < Co.
&
fe
Incomes (not to exceed 5 per cent)...........
1883
190.000
5
Troy A Greeribu8hr-Stock, 7 per cent rental, N.Y.C.
6
’ 50
275.000 7 per an.
N. Y., Gr. Cent. Station.
Tunnel RR. o f Si. Louis—See T erm ina l A ssn, op St . L o uis."
Tyrone A Clearfield—1st M., guar. p. < i. Pa. R R .. 105 1882
fc
1,000
1,000,000
5
J. & J. All owned by Penn. RR.
Ulster A Delaware—Stock ($3,000,000 authorized)
100
1,794,600
Consol. M. for $2,000.000. gold........
c* Ï0 2 1888 1 1,000
1,852,000
5 g. J. «fe D. N. Y., Central Trust Co.
unadilla Valley—Stock...........
200,000
ist M . $250,000, $12,500 p. m., gold, red. at l i o . . . . 1893 500 «fee. Nil, Feb., ’93
5 g. J. «fe J.
New York City.
union Elevated—See B r o o k ly n E l e v a te d .
union Pacific—Stock...........
60,868,500
1st M.^Omaha to near Ogden, 1,035 ¿dies, gold 1.035 1866-9 1,000 27,229,000
J. «& J. J an., ’94, coup, last pd.
2d mortgage, currency (Government subsidy). . . J 1.035 1866-9 1,000 27,236,512
!* •
® -F -3dM . o n road ^ on jandj g . gee text..c«fer
lgt
U. 8. Treas., at maturity.
1.035 1873
1,000
3.730.000
m ! '«fe * . N. Y., Un. Trust «fe Bost.
s
§ gOmaha bridge bonds (s. f. drawn at 110),gold.o*<fer
4 1871
£200
386,000
A. < 0. Lon. «fe N. Y., Drexel M.
fe
Renewal (sinking fund, not drawn). g old .
o
4 1885
1,000
1.056.000
Api., ’94 pd. Nov. 2,’94.
II:
v-™ !
Central guarantees principal and interest on
^ af company; also guarantees inter
CBton $300,000 Tol. < OMo Central Extension bonds, see that com
fc
pany.
« .S j+ h ^ 8^ 861^ 6’ faB dne monthly, and interest at 6 p. c. is payable
payable quarterly1618enes mature quarterly, and interest at 7 p. c. is
F inances .—The issue of $2,000,000 5 per cent bonds
"Jn a general mortgage on the entire property was authorized
m jijiy , '«.»84, or which for purchase of coal properties, $400,000; ColrnatiirA
o/wt ? ? ? for extensions, $400,000; car trusts as they
“ f t $700,000; balance for general purposes. V. 58, p. 943. Loans
and bills payable June 30,1894, $707,645.
’v
Eariongs.—2 months. J1894, gross, $409,064; net, B171.617.
July 1 to Aug. 31.
( 1893, gross, $315,011; net, pl06,579.
en(ls June 30. Annual meeting is held
5*
G:a^ e first Monday in September. Report for 1893-94 was
The operations of the Toledo Columbus & Cincinnati
aoout 80 miles, have been included from Nov. 1,1892.
Year ending June 30—
1891.
1892.
1893.
1894.
Average miles operated.. 238
238
285
347
Gross earnings..................$1,501,822 $1,561,339 $1,963,651 $1,648,538
£ ?L 0 f r0 p - ex,& taxes - $468,015 $506;306 $642,317 $503,434
J
Other income........... .
33,018
25^564
15,568
24,094
Total net income.......... $501,033
Paid interest on bonds... $150,000
Interest on car trusts___
36,878
ftebtalSv...........................
33,019
Dividends.......... . .............
167,966
Miscellaneous...................
14,802
$531,870
$150,000
31,226
34,267
294,488
3,738
$657,885
$190,000
40,371
35,885
327,136
13,310
$527,528
$246,790
44,083
37,959
244,682
26,259
Balance, surplus.............
$98,368
$18,151 $51,183 df.$72,245
5 ^ p.^ 22, 300, 547, 5 9 3 , 854,894; Y. 58, p. 476,943,1035; V
Toledo & Ohio Central Extension.—
Owns from Marietta to
Newton. Ohio, 45 miles, connecting with the Toledo < Ohio Central
fe
main Line; branches to Stewart, etc., 15 miles; trackage Marietta
i°. M oores Junction, Ohio, 3 miles. Of the firsts $300,000 (Nos.
l to 300) had interest guaranteed by the Tol. & Ohio Cent. RR. Co. The
paid by the T. & O. C. A receiver was appointed in Nov. 3.893; receiver now is T. D. Dale, of Marietta, Ohio.
Receivers certificates for $25,000 have been issued. Foreclosure suits
unaerthreemortgages have been consolidated. J.S. Durand, 146 Broad
way, N. Y., is secretary of bondholders’ committee. (V. 57, p. 854,894. j
n ^ 0l,®dSr 1?eorIli,1 Western.—
&
Owns from Effuert, Indiana State
one, to Warsaw, 111., 220 miles; La Harpe to Iowa, HI., 10 miles;
trackage to Peona and Burlington, la., 17 miles; total operated, 247
Formerly leased to Wabash; sold in foreclosure
October 29, 1886. Stock , $4,500,000, of which $423,100 is in the
treasury. B onds .—Abstract of mortgage (Charles Moran, Thomas
B< Gold>trustees) V. 45, p. 242. Company owns
$105,000 o f the bonds.
In 1893 control was purchased by the Pa. RR. In 1894 joint owner
ship and management by Pa. RR. and C. B. & Q. was arranged.
Interest due July 1, 1894, on 1st mortgage 4s was not paid when
y u®>” *jt in October, 1894, coupons of July 1,1894, and Jan. 1, and July
1,1895 (3 coupons), were paid $5 in cash and $15 in debenture 5 p. c.
scrip payable 10 years from Jan. 1,1895, for each coupon; said scrip
i qo?
deposit of the coupons funded. Bills payable June 30,
S4
p7,000.
E arnings .—4 months, $1894, gross, $339,074; net, $95,298.
July 1 to Oct. 31. i 1893. gross, $357,125; net, $97,705.
R eport.—Fiscal year ends June 30, Report for 1893-94 in
Y. 59, p. 514, showed results as follow s:
Year.
Gross Earns. Net Revenue.
Int.di Taxes.
Balance.
1891- 92........... $1,017,791
$282,605
$232,003 sur. $50,602
189293.
985,633
245,224
232,240 sur. 12,984
1893- 94..........
914,782
183,961
234,400 def. 50,439
“ (57, p. 5 9 3 ; V. 57, p. 9 8 0 ; V. 59, p. 29, 5 1 4 , 601, 6 i .\
j
. T o 1®*®,
l o n l * & K a n s a s C ity .—R oad—Owns from Toledo
to East St. Louis, 451 miles (61 *2 lbs. steel); sidings, etc., 72 miles,
also has trackage to St. Louis and Toledo Union depots.
H istory .—Successor to Toledo Cincinnati & St. Loris narrow-gauge
road, foreclosed December 30,1885, and in 1890 made standard-gauge.
R e c e iv e r sh ip , R eo rg an ization , «fee.—On May 19,1893, S. R. Calla
way, the President, was made receiver. See V. 56, p. 841. In Novem
ber the bondholders’ committee (address, Continental Trust Co., N Y )
consisting of John C. Havemeyer, H. O. Armour, R. B. Hartshome!
O. T. Bannard and Morton S. Paton, announced that over $7,000,000
bonds had been deposited with them. See V. 57, p. 894. Continental
jLTust co. certificates of deposit of bonds were listed on New York Stock
Exchange in Nov., 1893. Suit filed to foreclose the first mortgage
S 0<?5:—?he preferred is a 4 per cent coupon stock, non-cumulative.
J
and without voting power, but the certificates contain the following
Bonds—Princi pal,When Due
Stocks—Last
Dividend.
June 1, 1935
See text.
May
Nov.
Aug.
July
1,
1,
1,
1,
1915 1938
1911
1917
June 1, 1910
Monthly.
July 1, 1918
J u iy 'i','1931
July 1, 1933
Jan. 1) 1938
Jan. 1, 193S
Jan. 2, 1912:
June 1, 1928
Jan. 1, 1933
Apr.
1896
1896
Sept.
Apr.
Oct.
1,
to
to
1,
1,
1,
1884
1899
1899
1899
1896
1916
provisions: “ This stock constitutes a lien upon the property and net
earnings of the company next after the company’s existing first mort
gage. The company will create no mortgage of its mam line other
pnan its first mortgage, nor of any part thereof, except expressly subject to the prior lien of this certificate, without the consent of theholders of at least two-thirds of this stock present at a meeting.”
t ^ejerrea^ stockholders committee appointed in July, 1894, consists o f
J. M. Quigley, of N. Y., Halsey J. Boardman, Boston, and Charles
Hamlm, Bangor, Me.—V. 59, p. 154.
B onds.—T he first mortgage, $20,000 per mile, covers the terminal
property at Toledo and E. St. Louis. Farmers* Loan & Trust Co. (ancl
J. E. McDonald, mortgage trustee). Abstract of mort. in V. 45. p. 403.
On July 1,1892, there were $450,297 notes payable, and $397,865
equipment contracts, and in March, 1894, these amounts were said to
oe still approximately correct. Coupons of June 1,1893, are unpaid.
? ARNiN2 ^ T S '0 il„J, n- . U ° Nov- 7* 1894U0J4 months), gross.
.1 a
$1,333,018, agst. $1,525,459 in 1893. For receiver’s report of receipts
and disbursements to Oct. 31,1894, see V. 59, p. 880.
E e po rt .~ Fiscal year ends June 30. Report for 1891-92
with balance sheet was in V. 55, p. 542. In year 1892-93 gross earn*fi9 9 In ’n 67^0^ ; 2,et’ ¥A?r’9Z l ’A gain8t$554,815in 1891-92; charges,
f o ? 2i S
’ Y-office, 44 Wall Street.—(V. 57, p. 91.145.218,470, 583,
894,1040; V. 58, p. 224, 683; V. 59, p. 154, 742, 880.)
. T 'i i ? 1 °
?
& M u s k e g o n .—From Muskegon, Mich., to Ashtoy, m en., 96 miles, connecting with the Toledo Ann Arbor < North
fe
the Grand Trunk of Canada purchased
the $1,600,000 stock issued ($2,800,000 authorized), and above bonds
were issuedhavmg a traffic guarantee from that road and the Chicago
& Grand Trunk. In 1893 gross earnings were $106.210; net, $1,0091
w78’9^1.’
$76,991, of which $35,566 was advanced b y
Gr. Trunk and Ch. < Gr. Trunk. In 1892 gross, $124,420; net, $19,047.
fc
®U*®ndiiig Valley & Ohio.—
Owns road in opera
tton from Toledo Junction to Toledo, O., 80 miles, and from Loudon9oS 0< ° n’ %
A ?
miles; trackage, 7 m iles; completed as now
m April, 1893, to e n b le Penn. RR. to share in Toledo coal traffic,'«fee.
j
d for net earns, to the Penn. Co., which guarantees prin. and int.
of the bonds. The mortgage is for $4,000,000; there is a sinking fund
or 1 per cent, if bonds can be purchased at par or less; otherwise it
iapses, the bonds not being subject to call. In 1893, gross, $556,501;
«oi?rplU8 ^verJ?£?£g.e8’ $21»264. In 1892 gross, $506,238; net, $97,625; surplus, $7,606.
Troy & G r e e n b u s h .—Owns from Troy to Albany, 6 miles, double
track; leased to N. Y. Central in 1851.
TTlster & Delaware.—
Owns from Rondout (Hudson River), N. Y .
: i to Stamford, 74 m.; proprietary roads leased, entire stock owned.
3
i?ei a^ ri r A ^ 8eg0 RE-. Hobart to Bloomville, 9 miles; Stony Clove &
Catskill Mt. RR. (narrow gauge), Phoenicia to Hunter, 15 miles; Hobart
Branch RR., 4 miles. Owns Kaaterskill RR., 7 miles. Total, 109 miles.
e ° nus.—The Delaware «fe Otsego is to be extended to Oneonta„
18 miles. In June, 1893, $334,000 first mortgage bonds were issued
to purchase all the securities of the Stony Clove < Catskill Mt. road.
&
The mortgage of 1888 covers all the property owned or acquired with the
bonds except the franchise to be a corporation.
E arnings.—9 months, > 1894, gross, $145,178; net, $54,848.
Jan. 1 to Sept. 30.
> 1893, gross, 154,203; net, 70,172.
Surplus over charges (3 mos.), $26,952, against $42,369 in 1893
y,6 bfiffifig June 30,1893, the gross earnings were $433,469 ;’ net„
,^
$125,120; interest. $73,646; surplus, $51,474. In 1891-92. gross
$399 866; net, $111,927. (V. 56, p. 403, 502; V. 57, p. 22, 5 9 5 ; V 59,
880.
.
P a c if ic R a i l w a y . —(See Map.;—Lines owned directly.—
Mh<oe (former U. Pac. RR.) Council Bluffs to Ogden and branches.
1,039 miles; former Kansas Pacific Railway, Kansas City to Denver.
o43 miles, and Leavenworth to Lawrence, 34 miles; former Denver*
Pacific R’y, Denver to Cheyenne, 106 m iles; total owned, 1,822 miles.
The “ Union Pacific System ” on January 1,1894, comprised:
Lines owned & controlled. Miles.
Lines owned A controlled. Miles
Union Pacific.........................111,822 Kansas City < Omaha........ H 193^
fe
Denv. Leadville & Gunnison II 325 Un’n Pac. Denver < Gulf...HI,003
fe
Kansas Central....................... 165 Ft. Worth<fc Denver City....H 469
Omaha & Republican Val_
_ 482 U. P. Lincoln < Colorado.. .H 225
&
Oregon 8. L. & Utah Nor....HI,425 Seven small roads................ . 272
Ore. R <fcN. Co.’s, rail lines.HT,059
St, Joseph < Grand Isl’d.... f 251
fe
Total “ Un. Pac. Sys.” ...7,691
HThese properties, having securities of their own held by the public,
are separately described in this Supplem ent .
Also controls the Central Branch Union Pacific and leased lines (38$
miles) which are operated by the Missouri Pacific under an,
agreement with Union Pacific for twenty-five years from 1885.
Also owns jointly with other companies the Leavenworth Topeka &
Southwestern, 47 miles; Manhattan Alma < Burlingame, 56 miles:.
fe
Montana Union, 72 miles; grand total of all lines, including one-half
lines operated jointly, 8,167 miles.
H isto r y , «fee.—This\ Railway company was formed by consolidation.
Jan. 24,1880, of th e Union Pacific Railroad and the Kansas Pacific an®
Denver Pacific. The Union Pacific Railroad was chartered by Act o f
13T
BONDS.
AND
STOCKS
EAXXKOAD
November 18M.J
138
INVESTORS’
SUPPLEMENT.
[Vol. LIX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
RAILROADS.
Bonds— ioiPm
INTEREST OR DIVIDENDS.
Miles Date Size, or
paljWhen Due.
Amount Rate per When
For explanation of column headings, &c., see notes of
of
Par
on first page of tables.
Road. Bonds Value. Outstanding Cent. Payable Where payable, and by Stocks—Last
Whom.
Dividend.
Union Pacific.—(Concluded.)
Kansas Pacific bonds—
“ Union Pac. East.Div.” 1st M., $16,000p. m., g. 140 1865 $1,000
“ Union Pacific Middle Div.” 1st mort., gold
254 1866
1,000
2d mortgage (toU. S. Gov.) on394m.W. Mo. R. 394 1865-7
Leavenworth Br., 1st M. ($582,000 in trust)
32 1866
1,000
Denver Pacific, 1st M. gold ($971,000 in trust).. 106 1869
1,000
Kan.Pac.Den.Ex. IstM.,2,443,000aores,goldc*&r 242 1869
1,000
Income mortgage ($253,850 held in trust)...... c 661 1866
50 &c.
Income M., subordinated, $3,991,100 held in tr. 661 1866
K.P.Cons.M. $30,000,000,1. gr. gold, notdr’n.e* Text. 1879
i,òoo
U. Pao. collateral trust, gold, s. f. drawn at 105.c*
1879
1,000
Collateral trust of 1883, gold, s. f. not dr’n
1883
1,000
Collat. trust,Den. L. & Gun. ($3,250,000) ,g
c* 325 1889
1,000
Kan. Div. and Col. Tr. M., gold, red. at 110. .'.'.cv&r 767 1891
1,000
Collat. trust gold notes for $24,000,000........
o&r
1891 l.OOO&c
Equip, bonds Series A, 110 due yearly in Oct . o*
1887
1,000
Do
Series B, i 10 due yearly in A pril....
1888
1,000
Do
Series C, Uo due yearly in April___
1890
1,000
T o n o ^ o o ^ J u l y 1862, which gave it a land grant estimated at
12,083,227 acres, and a subsidy in U. S. bonds of $27,236,512 on 1,033
miles of road. The Kansas Pacific had a subsidy of $6,303,000 and a
land grant of about 6,000,000 acres. Much additional mileage has been
built and acquired through subordinate corporations.
Tb® Kansas Pacific was organized as “ Leavenworth Pawnee & West
™ 1861; then changed to “ Union Paciflo, Eastern Division,’’ June
6,1863, and to “ Kansas Paciflo” on March 3,1869. The line connectnig tn8 Kansas Pacific with the Union Pacific was constructed by the
Kansas Pacific under a charter dated Nov. 19,1867, and was opened
ja n . l , 1871.
R e c e iv e r sh ip .—President S. H. H. Clark, Oliver W. Mink and E
EUery Anderson were appointed receivers October 13,1893, (V. 57
P- ,639). In November Frederic R. Coudert and J. W. Doane ap
pointed additional receivers. New York oflice 36 Wall Street.
B ranch L ines .—Oct. 15,1894, the Special Master In Chancery rec
continuing the operation by Union Pacific of Carbon CutBrighton & Boulder Valley, Junction City & Ft. Kearney, Omaha
& Republican Valley, Salma & So. W., Kansas City & Omaha and Kan?as
uPon certain terms. See V. 59, p. 697, 739. The Denver
LeadviUe & G. was turned over to the owners Aug. 7,1894. See V
59, p. 117,132.
R eorganization.—B ondholders’ Committees.—In November,1893,
A. A. H. Boissevain, Gen. Louis Fitzgerald, J. Pierpont Morgan, Samuel
Carr, Gen. G. M. Dodge, Henry L. Higginson and Calvin S. Brice were
appointed to prepare a reorganization plan; Mr Brice, chairman, 80
Broadway, N. Y. Deposits of all bonds and stock in the Union Pacific
system are requested to be made at Mercantile Trust Co., N. Y.; Amer
ican Loan & Tr. Co., Boston; J. S. Morgan & Co., London, or Adolph
Boissevain & Co., Amsterdam. V. 59, p. 71. For plan outlined m
"^2®- 18?,5\p v \58>P- 988. Committee of Amsterdam and Frank
,ee
fort bondholders also formed. V. 57, p. 1124.
In January, 1894, Henry-Budge, 26 Broad St., N. Y.; Charles A. Pea
body, Jr., and Henry De Coppet were appointed a bondholders’ comt
the collateral trust 4^8 on Denver LeadviUe & Gunnison
road. Central Trust Co. certificates of deposit for said bonds were
listed on N. Y. Stock Exchange in April, 1894. Receiver for D. L. & G
is Frank Trumbull, appointed in August, 1894. See that Co.
„P & n*!?8 Pacific consols committee consists of Silas B. Dutcher, Henrv
N. Whitney, Otto T. Bannard, Theo. W. Myers, W. A. Nash and Charles
? ‘ ^ aiyrLd^ > arles’ Continental Trust Co., N. Y., and State Street
081i
S . D . & ^ . C o. Boston. V .5 8 ,p . 1072. On July 16, 1894, S. H. H.
Clark, Oiiyer_W. Mink and E. Ellery Anderson were appointed receivthe Kansas Pacific. V. 59, p. 116. Suit was brought in July,
1894, to recover from mortgage trustee certain securities deposited as
collateral under mortgage. V. 59, p. 152, 740, 880. Deposits are now
subject to penalty of 1 per cent.
As to the bill presented to the House of Representatives, Washing
ton, on April 26,1894, see V. 58, p. 775.
Coupon P aym ents .—The coupons paid b y the receivers a r e :
, T. , _ ,
When due.
When paid.
At maturity.
St. Joseph & Grand Island 1st............... Nov., 1893
K. P. consol 6 s . . . . . . .................................Nov., 1893
Dec. 15,1893
6? § Lt?8v ; - * ...........................Nov., 1893
Dec. 15,1893
I st................................. Nov., 1893
Dec. 15,1893
K. P. Middle Div. 6s ...............................Deo., 1893
Dec. 15,1893
U. P. collateral trust 5s..............................Dec., 1893
Jan. 15 1894
Be fc jF S i
v "a.................................
Jan., 1894
At maturity.
........................ Nov., 1893
Jan. 22,1894
Atch. & Pike’ s Peak 6s........ ......................Nov., 1893
Jan. 22,1894
U. P. col. tr. gold notes of 1891................Feb.1,1894
At maturity.
Kan. Pac.. Bastern Div., 1st M. 6s........... Feb.1,1894
Atmaturitv.
Uta,h Southern gen. and 1st exten..........Jan., 1894
Feb. 19,1894
Utah & Northern 1st and consol.............. Jan., 1894
Feb 19 1894
Oregon Short Line 1st 6s.............. ............ Feb., 1894
Mar. 19’, 1894
Sinking fund 3d mort. extension 8s........ Mar., 1894
At maturity.
Utah < North’n equip, trust 5s int. & s. f.Apl. 1,1894
te
May 21,1894
U. P. coll. tr. gold notes of 1 8 9 1 ........A u g.1 ,1 89 4
At maturity.
C- P-col. trust 6s........
July, 1894
Oct. 24,1894
Omaha Bridge renewal 5s.........................April, 1894
Nov.,
1894
Overdue interest on first mortgage 6 per cent and eollateial trust 5
per cent bonds expected to be paid shortly.
CAUTYAi: STOCK.—The capital stock issued and outstanding is $60,868,500, having been increased about $10,000,000 since 1880.
D ividends—Since 1879—In 1880, 6 per cent; in 1881, 6%: in 1882.
7 ; in. 1883, 7 ; m 1884, SJg; none since.
D ebt to U. S.—Interest on the U. S. loans is not obligatory till the
principal is due» but the Thurman act of May, 1878, provides that
25 per ceqt of the net earnings after deducting interest on the first
bonds and construction and equipment expenditures
shall be applied annually to interest and sinking fund.
^ eU i° ¥ ’ S- ,wa8 thus stated July 1.1894: Principal,
*27,236,5:12; interest accrued and not paid, $817,095; interest paid bv
United States. $42,116,853; repaid by Union Pacific, $14,753,493 ;
balance of interest paid by U. S., $27,363,361. On Kansas Pacific
there was due for prindpai, $6,303,000; interest, $5,819,460. Total
d£b\ pli2.oipal and interest, less sinking fund, amounted in 1893 to
about $52,000,000, maturing in 1895-99. V. 57, p. 596.
$2,240,000
4.063.000
6.303.000
15,000
4,000
5.887.000
£
30,400
11.724.000
3.672.000
4.677.000
2.030.000
See text.
11.224.000
215.000
842.000
597.000
$*•
7
7
7
6g.
6g.
5 g4l2g.
5 g.
I e-
5
5
& A. Feb., ’94. coup, last pd. Aug. 1, 1895
& D. Dec.; ,’93,coup, last paid. June 1, 1896
1895 to 1897
& N. May,, ’93, coup, last pd. Jan. 1, 1896
& N.
do
do
May 1, 1899
& N. Nov. ,’93,eoup.last paid. May 1, 1899
& S. N. Y. , Bk. of Commerce, July 1, 1916
& 8.
do
do
July 1, 1916
& N. Nov. ,’93, pd. Dec.15,’93 May 1, 1919
& J. July,,’94, pd. Oct. 24,’94 July 1, 1908
& D. Dec., ’93, pd. Jan. 15,’94 Dec. 1, 1907
& N. May. ’93, coup, last pd. Nov. 1, 1918
& N.
May 1, 1921
& A. N. Y., Drexel, M. & Co,
See text.
&O
.
do
do
$72,000 y’rly.
&O
.
do
do
210,000 y’rly.
& o.
do
do
Apr.’95& 1900
o ^ nT ilar? % 1894>the Sinking fund for U. P. debt invested in RR.
?aI1
and U.S. bonds (par value) was $13,117,500, and the premium paid on
bonds and cash uninvested was $ 1 ,986 ,339 ; total, $15,103,839.
G uaranties .—As to guaranties see Supplement November, 1893.
fun d 8s due Sept. 1,1893, $3,730,000 were
extended at the same rate for six years. See Y. 57, p. 257. These
bonds can now be drawn at par. They covered, Jan. 1,1894, 3,312,000 acres of land, of which 74,000 acres agricultural, 2,438,000 acres
grazing and 800,000 acres arid; also land contracts for $3,148,229.
The coZtateraZ tr/&t4:*%s of 1889 on Denver Lead. & Gun are secured b v
u
deposit of $2,254,000 first mort. bonds on that narrow-gauge road. See
D. L. & G. committee above.
TheDenfler Extension bonds are a first lien on the 236 miles east
^ i ^ £ nve™ n,d a.bianfeet mortgage from that point to Kansas City,
394 miles. Their sinking fund receives $255,000 yearly till 1898 a n !
22 ^ ^ u aryl ’ 1893, held the following live bonds, given above as’ out
^•e ^ errK5t®
i
n81° 1 6 b. $1,451,000; Eastern Division bonds
1
$304,000; Middle Division bonds, $347,000; total, $2,102,000. These
bonds are called assented because in 1879 their holders agreed to reP-T
0'
P^ao® ° i 7 p. c. as formerly. Lands pledged for
this loan Jan. 1,1894, were 2,444,000 acres, valued at $6,879,500.
The Kansas Pacific consols, see mortgage abstract V. 58, p. 988 and
P- 8>cover the road from Kansas City to Denver, and branches,
673 miles, subject to the divisional bonds (to retire which sufficient
bomiB are held) and also the United States lien on 393 miles.
pledge of, $971,000 (entire issue except $4,000) Denver
Pacific firsts they also cover 104 miles from Denver to Cheyenne, and
inroiigti pledge of other bonds they cover several branohes, aggregat
ing 223 miles. On Jan. 1,1894, the lands pledged for this mortgage
amounted to 738,000 acres, valued at $3,338,500; of these 455,006
acres agricultural, balance grazing lands. Besides this it has a second
lien on the Denver extension lands. Sales from lands in 1893, 39,692
aeres for $215,025; cancellations, $229,447; deficit, $14,422. Land
contracts outstanding Jan. 1,1894, under Kan. Pac. consols $1,705.and under Denver Pac. mortgage (all but $4,000 of which bonds
are held under K. P. consols) $500,283. Consols for $4,739,000 have
been canceled witb land sales. Kan. Pac. consol, coupons bave a prior
lien under the mortgage. Mortgage trustees, Geo. J. Gould and Russell
security under the mortgage in June, 1894, see Y. 58.
p. Uoo; V. 59, p. 8.
The Kansas Division and collateral mortgage for $20,000,000 was
Pi §.?iLa4£9.Ua!i,eral for tlie collateral trust gold notes of 1891, as were
also $671,000 C” equipment bonds and other securities.
The Union Pacific collateral trust 6s and 5s are secured by deposit in
trust of branch lien bonds. (See list, V. 59, p. 192.)
Of the $18,530,000 collateral trust gold notes whioh were issued
in August, 1891, to fund floating debt $7,100,000 had been retired
through sale of collateral prior to July 24,1893. A full abstract of the
trust deed was given m V. 53, p. 528-531. The stocks deposited carry
the control of all the most important branches of the system. The
notes are redeemable at the company’ s option at par on 30 days notice.
On Jan. 1,1894, of the $11,224,000 outstanding $183,000 was in trust
under K. P. consol, mort., and $180,000 in treasury of Receivers.
These notes (of 1891) were due Aug. 1,1894, but interest was paid and
holders were advised not to press collection at thattime. V. 59, p. 154.
i
Orant.—Liinds unsold on the several divisions amounted Jan. 1.
1894, to 6,494,000 acres, valued at $13,350,000, and pledged to secure
mortgages as shown above. Of these, 800,000 acres were arid, 1,439,000 agricultural and 4,255,000 grazing lands. In the year 1893 gross
sales were 145,351 acres for $568,956; cancellations of sales of previous years were 167,576 acres for $569,362. Total land contracts
outstanding January 1,1894, $6,728,496.
F inances , &c .—Report of Government Directors for year ending
June 30, 1894, was in V. 59, p. 601, giving their proposed plan or
reorganization. See also “ Pacific Railroads,” V. 59, p. 153. As to
operation of branch lines by the receivers, see V. 59, p. 192.
L atest E arnings .—For 9 months ending Sept. 30 earnings were:
Gross Earnings.—H
-Net Earnings.Jan. 1 to Sept. 30.
1894.
1893.
1894.
1893.
Union Pacific Ry... .$10,609,775 $12,776,088 $3,278,300 $4,811,067
Oregon S. L. & U. N. 3,678,833 4,518,817
1,026,178
1,707,543
St. Jo. & GrandIsl’d.
604,342
737,702
144,049
. 229,167
K. C. & Omaha........
78,202
124,793 def. 19,946 sur.19,000
All other lines.. . . . . 1,274,428
1,547,124 sur. 27,909 sur.121,143
Tot.“ Un. Pac.Sys.” $16,245,580 $19,704,524 $4,456,490 $6,887,920
Cent. Br. & l’sed lines
576,520
744,073
120,576
151,352
^ R ’ds jointly own.
148,116
316,848
14,073
60,745
Grand total of all..$16,970)216 $20,765,445 $4,591,139 $7,100,017
Jan. ItoJ un e 30,6 mos —
O.Ry.&N. rail lines..$1,228,091 $1,855,510 df.$176,947
$339,918
U. P. Den. & Gulf....... 1,307,474
1,990,024
201,567
351,124
Ft.Worth&Den. City.
513,654
760,866
39,582
170,320
A nnual R epo rt .—Fiscal year ends Dec. 31. Annual meeting in Bos
ton last Wednesday in April. Report for 1893 was given at length In
Chronicle , V. 58, p. 714, 722; see article p. 700.
November, 1894,]
RAILROAD STOCKS AND
13»
BONDS,
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds—Prinoi INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due Miles Date Size, or
Amount Rate per When Where Payable, and by Stocks—Last
of
Par
For explanation of column headings, &c., see notes of
Dividend.
Whom.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Union Pacific Denver «6Oulf— S
tock for $36,000,000
Colorado Cent. 1st M., La Salle to Julesburg, &c.c
Denv. Tex. & Ft. Worth 1st M. ($20,000 p.m.)g.c*
Denver Texas & Gulf IstM. ($20,000 p. m.)g..c<fcr
U.P. Den. & Gulf con. M., gold, sub. to callat 105.c*
Ft. Worth & Denver City—See that company.
Union Pacific Lincoln d k Colorado—Stock................
1st M. ($20,000 per mile), gold, guaranteed— c*
United N . J. RR. d k Canal Co.— S
tock. 10 p. c. guar..
Gen. M. of] loans of 1901, gold...........................c
’71 (now loan of 1908, gold............................ r
1st mort.) )loan of 1923, gold.............................r
seo’res all loan of 1929, gold........................ o&r
loan of 1944. gold.............................
eauallv
Utica Chen. d Suso. Val.—Stock,6 p.c.gu. by D.L.&W.
k
Utica Clinton d Binah'ton—IstM.. guar.D. &H ...C
k
Stock. 5 p. c. guar, by D. L. & W ...
Valley (N. Y.) —
1st mortgage (for $500,000)...................................
1st mortgage, Cleveland to Canton, g old ..........c*
Consol, mort. ($4,000,000) gold, s.f.,not dr’n.c*<fcr
27Ï
165
138
876
$100 $33,837,093
1.000
4,788,000
1879
1,000
721,000
1887
1887 l.OOO&c 1,032,000
1890
1,000 15,801,000
225
1888
.
Ì ? 'S ’73-’76
A
3 1878
i s g 1883
he ® 1889
J « «e 1894
97
31 1889
12
12 1881
59
83
1879
1881
J. &
7
5 g. M. &
5 g. A. &
5 g. J. &
J.
N.
O.
D.
July, ’94, pd. in Oct.,’94
May, ’93, coup, last pd.
Oct., ’93, coup, last pd.
June, ’93, coup, last pd.
2,309,800
4,380,000
5 g. A. & O. Oct., ’93, coup. last pd.
21,240,400 10 p. an. Q .-J . Phila. and N.Y., Offices.
do
do
5,669,000
6 g. M. & S.
do
do
fe
841,000
6 g. M. < S.
do
do
1,824,000
4 g- F. & A.
do
do
6,020,000
4 g. M. & S.
M. & 8. N.Y..N. Bk.Com. & Phil,
5,646,000
4 g.
4,000,000 6 per an. M. & N. N. Y., Del. L. & W. RR.
800,000
5
J. & J. N. Y., Security &Tr. Co.
750,000 5 per an. J. & J. N. Y., Del. Lack. & West.
F. & A.
do
do
400,000
5
178,439
J. & D. Dec.,’91, coup.last paid.
100 &c.
1,600,000
v g.
2,400,000
1,000
6 g. M. & S. Mar. ,’92, coup.lastpaid.
1,000
100
1,000
1,000
1,000
1,000
1,000
100
1,000
100
The following income account includes results on all lines operated :
Year ending Dec. 31—
1891.
1892.
1893.
Passengers................................. $8,484,227
$8,439,624 $7,286,617
Freight....................................
30,550,555
3 i,051,238 25,168,690
Mail, express, etc....................... 2,586,974
2,598,446
2,536,379
Car service................................
629,817
490,308
478,568
Miscellaneous.............................
448,015
555,483
583,148
1891.
Interest on bonds.....................$1,202,620
Discount, interest, e t o .............
26,852
1892.
$1,219,027
4,480
$26,852
64,735
None.
3,380
Balance, deficit..........................
Profit on Ft. W. & D. C.............
July
Nov.
Apr.
Dec.
1,
1,
1,
1,
1909"
1937
1937
1939"
Apr. 1, 1918*
Oct. 10, 1894
Moh. 1, 1901
Sept. 1, 1908
Feb. 1, 1923’
Sept. 1, 1929
Moh. 1, 1944s
May 1, 1894July 1, 1939
July, 1894
Aug. 1, 1911
June 15,1908
Sept. 1, 1921
1893.
$1,217,877
Cr. $1,647
None.
loss . 174,229
Surplus for year.......................
$37,883
$3,380 def.$174,229
Total gross earnings..........$42,699,588 $43,135,099 $36,053,402 —(Y. 57, p. 980,1040; V. 58, p. 307, 345, 63 5,1073; V. 59, p, 117,372,
Net earnings...............................$13,539,310 $14,370,120 $9,996,243 740, 783.)
109,984
Cent. Branch U. P .net earn...
168,818
423,913
Union Pacific Lincoln & Colorado.— ee Supplem en t of'
S
660,444
_
837,151
844,445
Investments out. of system_
Se pt e m b e r , 1894.
Int. on S. F. 8 p. c. bonds...........
244,720
99,920
220,000 Union Terminal.—See K ansas Cit y Su burban B e l t .
Int. on K. P. con. bds. rep’d___
377,100
486,230
173,410
Miscellaneous.............................
172,955
272,223
United New Jersey Railroad & Canal Co.-(See map Penn
sylvania R. R.) Controls an important system of roads in Northern
Total receipts...................... $15,340,054 $16,496,851 $11,160,081 N. J., having a four-tracked line from N. Y. to Philadelphia, also a
Interest on bonds..................... $10,191,682 $10,844,044 $10,700,498 line Perth Amboy to Camden, opposite Philadelphia, and branches to977,532 Long Branch, Berkeley, etc., N. J., and to Manunka Chunk, Pa. Total
Sinking funds............................. 1,087,901
1,093,239
600,810 mileage 450 miles. The principal lines owned directly are Jersey C ity
Biv. on O. Ry. & N. stock ..___
591,951
597,600
to Trenton, 56 miles (four tracks), and from Camden to South Am boy,
Discount and interest.............
687,469
............
4,174 61 miles, of which 26 double track; 9 branches, 29 m iles; total (owned
Discount on bonds sold, &o......
4,032
111,223
directly) 146 miles. Also owns the Delaware & Raritan Canal, 66 miles.
Loss on roads op. jointly........
............
............
220,143 Among the lines leased are the Philadelphia & Trenton and the BelviMisc. incl. N. P. Ter. int.............
257,252
357,711
• 34,340 dere Delaware—which see.
161,495
65,144
Profit and loss..... , ...........
L ease .—
in June,
to
Pennsylvania Railroad
Total disbursements.......... $12,981,782 $13,068,961 $12,537,497 years, at aLeased of 10 per1871, on the stock, besides interest onfor 999
rental
cent
the
bonds.
2,358,272
3,427,890 df.1,377,416
Surplus................................. . . .
B onds .—The general mortgage of 1871 is for $20,000,000 (trustee,
1,218,422
United States requirements.... 1,293,230
1,358,134
Fidelity Insurance Trust & Safe Dep. Co. of Philadelphia), and secures
Balance.................................. su.$l,065,042 su.$2,069,756df.$2,595,838 equally all the bonds in the table, though issued at different dates. The
—(V. 56, p. 7 1 0 , 7 1 2 , 841; V. 57, p. 181, 257, 300, 376, 596, 639, 684, 6s due in 1894 were plain bonds merely until secured by this indenture.
In
722, 765, 809, 828, 854, 894, 939, 979, 980,1040,1123, 1124; V. 58, p. Sinking funds Dec. 31,1893, held securities for $2,576,540. andJan.,
1894,
take up the sterling
cur
82,128, 224, 307, 345, 384, 556, 636, 7 0 0 , 7 1 4 , 7 2 2 , 736, 775, 988, rency $5,646,000 gold 4s were issued to October, 1894. Special bondsbonds falling due injMarch and
1072; V. 59, p. 71,117, 154, 192, 601, 697, 739, 740, 783, 880.)
and mortgages outstanding March 1,1894, $618,142.
U nion
Pacific D enver & G u lf.—This company’s road
E arnings .—In 1893 gross $18,805,758; net, $3,986,607, against
extends from Cheyenne, Wy., to Orin Junction, 154 miles; Denver
to Bessemer Junction, Col., 128 miles; Trinidad, Col., to Texas State $3,865,708 in 1892. Net loss to lessee in 1885, $159,496; in 1886,
Line, Tex., 135 miles; La Salle, Col., to Julesburg, 151 miles; branches $179,016; in 1887, $227,991; in 1888, $160,501; in 1889. $138,712;
(89 miles of which narrow gauge), 332 miles; total, 900 miles. Track in 1890, $396,885; in 1891, $276,455; in 1892, $299,198 ; in 1893,
age, Denver & Rio Grande, Gull Junction to Trinida'1, 92 miles, and $194,529. Net profit in ’89, $138,712, in 1890, $396,885. (V.58, p. 179,
branches, 16 miles. Controls Fort Worth & Denver ( it v RR., Texline, 636, 816.)
Texas, to Fort Worth, 455 miles, and Pan-Handle Ra lroad, 15 miles,
Utica Chenango & Susquehanna Valley.—
Owns from Utica,
making a grand total in system of 1,478 miles.
N.Y., to Greene, N. Y., 75 m iles; branch to Richfield Springs, 22 miles;
O rg an ization .—This was a consolidation in April, 1890, of the total, 97 miles. Road opened October, 1872. Leased to Delaware
Colorado Central, Den ver Texas & Fort Worth and several Union Pacific Lackawanna & Western at 6 per cent on stock. Has no bonded debt.
lines. It was controlled and operated under traffic contract b y the
Utica Clinton & Binghamton.—
Owns from Utioa, N. Y., t o
Union Pacific, which guaranteed the Denver & Gulf enough business to
Randallville, N. Y., 3 l miles. Leased during continuance of charter
pay interest and taxes. See V. 49, p. 720.
and renewals thereof to Delaware & Hudson Canal Company, which
R e c e iv e r sh ip .—Bondholders’ committee, G. M. Dodge, Geo. M. Pull
Operated by the New York Ontario»
man, Uriah Herrmann, Oliver Ames, H. Walters ana Henry Lewis. pays rental of $61,500 per annum. by the company are leased to Utica
V. 57, p. 809. Mr. Frank Trumbull was appointed separate receiver & Western. The street lines owned for $15,000 per annum. Capital»
Belt Line Street Railroad
in December, 1893; see V. 59, p. 783. As to business with Un. Pacific stock, $849,285 (par $100),Company city of Utica holds $200,000, with,
of
during the receivership, see V. 58, p. 307 and U. P. item p. 556. (V. interest guaranteed 5 per cent,which
the balance paying 1% per cent.
59, p. 117.)
D e fa u l t .—The last coupon paid on each loan is shown in table above.
alley (N. Y.) Railroad.—
Owns from Binghamton, N. Y., toJan., 1894, coupon on Colorado Central 1st 7s was paid in June, 1894. w State Line of Penn., 12 miles. Opened October, 1871. Leased toV. 58, p. 1073.
Delaware Lackawanna & Western at 5 per cent per annum on stook,
Sto c k .—Capital authorized $36,000,000, of which $32,786,982 had the lessee assuming the interest on bonds.
been issued on Oct. 12,1893, $13,251,882 of this being owned by the
Valley (Ohio).—
Owns from Cleveland, O., to O- Valley Junction,
Union Pacific Company and $3,406,800 by the company itself. In ad
dition the stock of constituent companies outstanding on October 12, 75 miles, and 13 miles of small branches.
1893, amounted to $1,050,111. In the table above the stock is given
H
ory,
E tc .—In 1889 B. & O.
as reported by the company on Oct. 12.1893. The N. Y. Stock Exchange but is tJune, R ec e iv e r sh ip , were appointed. Henry acquired control,
in
1892, receivers
M. Keim and N.
on Nov. 19,1894, gave the stock as $31,151,700. The company holds Monsarrat are now receivers. Y. 54, p. 1011; V. 55, p. 23. Receivers*
in its treasury $7,766,000 of the capital stock of $9,375,000 of the Fort certificates had been issued in October, 1894, for $185,000.
Worth & Denver City Railway Co., which see.
R eorgan ization P lan .—Details of the plan were given in V. 59, p~
Bonds.—Consols are indorsed with the U. P. guaranty of in
(1) Old 1st 7s (issue $4,000,000), in
terest. See V. 56, p. 696. Abstract of mortgage V. 51, p. 244. The 783, and briefly are as follows: $136 new 5s for each $100. (2) Old
int. to Dec. 15, ’94, receive
total issue of Denver Texas & Ft. Worth bonds is $4,575,000, and of cluding 6s (issue $3,000,000) with int. to date of issue of new bonds, re
consol.
Denver Texas & Gulf bonds $3,000,000; the balance of the issues ceive an equal amount of new debenture 6 p. o. incomes.
being held for the U. P. Denver & Gulf consols.
New 5s are to be guaranteed by Wheeling & Lake Erie RR., which
The Union Pacific report for 1893 gave consols, for $15,801,000 out
return
standing, of which the U. P. held $7,338,000 and the company itself receives in of new the $7,000,000 capital stock of the new company. be
Balance
5s ($1,824,000) not required for old firsts are to
$826,000. The floating debt at latest date, was $2,170,090.
applied to payment of prior or equal liens, to new mortgage, to improve
E arnings .—9 months,) 1894, gross, $1,996,284; net, $353,700.
ments, etc. V. 59, p. 783. A majority of the firsts have assented toJan. 1 to Sept. 30, 51893, gross, 2,708,375; net, 441,803.
this plan.
A nnual R e p o r t .—Report for 1893 was in V. 58, p. 635. The profit
B onds .—Of the $2,400,000 consols given above as outstanding
from the Fort Worth & Denver City is added to get the final result.
$876,000 on March 1 ,1 8 9 2 , were pledged as collateral for loans. This»
Year ending Dec. 31.
1891.
1892. '
1893.
mortgage is a first lien on the Cleveland terminal property. On July 1,.
Average miles operated..................... 983
986
1,003
Gross earnings.......................... $3,732,244
$4,135,241
$3,510,962 1893, funded debt, as reported bv the Ohio State R R . Commissioners,,
was $3,259,274; current liabilities, $307,669. Capital stock, $1,261,$385,604 9 7 3 ; par, $50.
$760,178
Net earnings............................... $656,993
83,874
47,450
Add income from invest’ s, &c.
81,539
E arnings .—E arnings in 1892-93 $794,042; net, $97,099, against
379,455
Guaranty account.....................
464,089
783,176
$178,932 in 1891-92; paym ents, $22,397. (V. 55, p. 23,178, 422; V. 59,.
Total income........................ $1,202,620
$1,223,507
$1,216,230 p. 332, 601, 740, 783, 836, 880.)
140
,k
m
.
—
INVESTORS’
SUPPLEMENT.
fVol. LIX.
Subscriber» w ill confer a great favor b y g iv in g Im m ediate notice o f any error discovered in tbese T a bles.
!
RAILROADS.
RiWite—Princi
INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, W h n Due.
Amount Rate per When
Cor explanation of column headings, &c., see notes of
of
Par
Where Payable, and by Stocks—Last
on first page of tables.
Road. Bonds Value. Outstanding Cent Payable
Whom.
Dividend.
VdUey (Virginia)—1st mortgage for $1,000,000 ..c
62 1881 $1,000
$750,000
6
A. & O. N. Y., Merc. Tr. & B alt O ct 1, 1921
Vermont <t Mo««.—Stock, 6 p. c. guar, by Fitchburg
59
100
3.193.000 6 per an. A. & O. Boat, 53 Devonshire St. O ct 8, 1894
Bonds, not mortgage (guar, by Fitchburg RR.) ,o*
1883
1,000
1,000,000
5
M. & N. Boston, Fitchburg RR. May 1, 1903
Vermont Valley o f lS v l—Stock................................. "¿4
50
1,000,000 6 per an. J. & J.
Bellows Falls.
July 2, 1894
1st M., with $500,(K)0 Sul. Co. RR. stock a s00I..0*
24 1880
1,000
800,000
5
A. & O. Boston, S. Dep. & Tr.Co. O ct 1, 1910
Vicks. Snrevep. A Pacific—Prior lien mort., gold. .0* 188 1885
1,000
1.323.000
6 g• M. & N. N. Y., Central Trust Co. Nov. 1, 1915
1st mortgage, gold, see text................................0* 188 1881
1,000
4.000.
000
J. & J. N. Y., Farm. L. & Tr. Co. Jan. 1, 1920
3d mortgage and 1st mortgage on land, gold.. .0* 188 1886
1,000
1,830,875
J. & J. July, ’88, coup, last p’d. Jan. 1. 1916
Income bonds.................................................
1881
127.000
1*
1921
Income bonds, non-oum........................................
1887
4
494,860
Jan. 1, 1920
Va. Midland—lstser.,lstM . Alex.toGordonsv.&br *97 1881 100 &c.
600.000
6
M. &' S. N. Y., Drexel, M. & Co. Moh. 1, 1906
Mu 2d series, 1st mort., Chariot, to Lynch., 60 m.) 157 1881 100 &o.
1.900.000
6
M. & S.
do
do
Moh. 1, 1911
3d series, 2d lien on 60 miles; 3d on 97 miles... 157 1881 100 &c.
1.100.000
6
M. & S.
do
do
Moh. 1, 1916
4th series, 4 per cent till March 1,1901............. 157 1881 100 &c.
950.000
4-5
M. & S.
do
do
Moh. 1, 1921
5th series, 1st on 115 miles.................................. 272 1881 100 Ac.
1.775.000
5
M. & S.
do
do
Moh. 1, 1926
6th series............ ...........................................
75 1881
1,000
1.310.000
5
M. & S.
do
do
Moh. 1, 1931
Gen. m ort, int. guar, by R. & D., $12,500,000.0* 347 1886
1,000
2.392.000
M. & N. N. Y., Central Trust Co. May 1, 1936
5
General m ort, prin. and int. guar, (endorsed) gold 347 1886
1,000
2.466.000
do
do
5 g- M. & N.
May 1, 1936
Charlotev.&Rapid.(l’sed) lstM ., s. f.,dr’n at lOO.o*
28 1879 100 &c.
401,900
6
J. & J. Phila. Tr. & Safe Depos. July 1, 1913
Franklin APittsylvania (leased) 1st mortgage..
31 1879
85,000
6
J. & J. N. Y., Central Trust Co. July, 1913
Virginia A Truckee—Stock........................................
5.000.000
<»)
(»)
Wabash RR.—North Mo. RR. (St L. K. 0 & No.)... 354 1865
1,000
5.494.000
7
J. & J. N. Y., Bk.of Commerce, July 1, 1895
St. L. K. C. & No. 2d M., real estate andrailway.. 0 373 1874
1,000
2.375.000
M. & S.
7
do
do
Sept. 1, 1895
S t Charles Bridge 1st mortgage, gold.............0*
1878
1,000
1.000.000
A. & O.
do
do
Oct. 1, 1908
2d mortgage........................................................
1878 500 &o.
388,500
A. & O.
do
do
Oct. 1, 1903
Wabash 1st mortgage, gold, <$34,000,000)..... c* 1.545 1889
1,000 23.795.000
do
do
May 1, 1939
5 g- M. & N.
2d mortgage, gold...............................................0 1,012 1889
1,000 14,000,000
F. & A. N. Y., Central Trust Co. Feb. 1, 1939
Deb. mort.,inc., non-oum., series A, red. at par. 1.545 1889
1,000
3.500.000
I * J. & J. N. Y., Company’s Office. July 1, 1939
Do. do. inc., non-oum., séries B, red. at p a r.. 1.545 1889
1,000 26.500.000
6
J. & J.
July 1, 1939
D et & Chic. Exten. 1st M., gold, red. at 110.0* 150 1891
1,000
3.500.000
5 g. J. & J. N. Y., Central Trust Co. July 1, 1941
Leased L ine B onds—
S t Louis Council Bluffs & Omaha 1st mortgage..
42 1878
1,000
544.000
6
J. & J. N. Y., Bank of Com’erce July 1, 1908
Boone Co. & Booneville 1st mortgage, int. guar . .
22 1873
1,000
100.000
M. & N.
7
do
do
May 1, 1903
V alley (V irg in ia ).—Owns from Harrisonburg to Lexington, Va., 62
H isto ry , &c .—Successor in 1889 to the Wabash St. Louis & Pacific,
miles. By this and connecting lines under Baltimore & Ohio control, which was sold in foreclosure. See Supplement up to January, 1889.
tile distance from Lexington is 243 miles to Baltimore and 217 miles
to Washington. Stock is authorized to the amount of $3,200,000 ;
The Boone Co. & Booneville RR. is leased till May, 1973. The Bruns
outstanding, $2,712,200 (par, $100). Of the bonds $413,000 are guar wick & Chilli cothe was leased to St. Louis Kansas City & Northern for
anteed by the B. & O. In year 1892-93 gross earnings were $126,282 ; 999 years. Its bonds bear 6 per cent interest till August 1,1900, then
net, $1,568; deficit under taxes and charges, $43,687. In 1891-92, 8 per cent till maturity. Entrance to Chicago is secured over the
gross, $146,405 ; net, $22,563.
Chicago & West Indiana, of whose stock this company owns $1,000,000.
The Eel River RR., 94 miles, leased by the Wabash, was placed
V erm on t & M assachusetts.—Line of road, Fitchburg to Green* in receiver’ s hands in June, 1894. V. 58, p. 1110.
field, Mass., 56 miles ; branch, 3 miles. The road is leased to the Fitch
Ca p it a l Stock .—The capital stock is $52,000,000, of which $24,000,burg RR. for 999 years at 6 per cent on stock. The lessee to September
000 is preferred, having a preference of 7 per cent per annum non30,1892, had invested $1,544,526 in improvements for this road.
cumulative, and $28,000,000 is common; par both, $100.
V erm on t V alley o f 1 8 7 1 .—Owns from Bellows Falls to BrattleB onds .—Abstracts of the mortgages of 1889 were in V. 49, pp.
boro, V t , 24 miles ; and by ownership of stock the Sullivan County RR. 270-273. The first mortgage covers all the lines owned both east and
from Bellows Falls to Windsor, Vt., 26 miles ; total, 50 miles. Controlled west of the Mississippi, excepting the Detroit & Chicago extension,
in the interest of the Connecticut River RR., which is now operated by 150 miles—see below—and enough bonds are retained to retire the prior
"the Boston & Maine.
liens on roads west; but the second mortgage covers only lines east of
the river, 1,012 miles. In October, 1894, $1,000,000 firsts had been
V ick sb u rg Shreveport Sc Pacific .—(See Map Cincinnati New exchanged for prior lien bonds and $8,000,000 more were sold to pro
Orleans A Texas Pacific.)—Owns Delta, La., on Mississippi River, to vide for other prior bonds falling due in 1895. No prior lien bonds can
Shreveport, 171 miles. Also extension to Texas State Line, 18 miles, be extended. Of the debenture mortgage bonds $3,500,000 are series A
leased to Texas & Pacific. Of the main line 168 miles is 60-lb. steel.
(preferred in respect to interest payments only) and $26,500,000 series
Organ ization and Sto ck .—Successor to Vicksburg Shrev. & Paci B. Series “ A” received 6 per cent interest in 1890; in 1 891,6; in
fic sold in foreclosure Dec. 1, 1879. The stock is $1,601,500 (par 1892, 6 ; in 1893, 6 per cen t; in 1894, none. (V. 57, p. 1124.)
The Detroit A Chicago Extension bonds cover 150 miles, completed
$100), of which the Alabama New Orleans & Texas Pacific Junction
Railroad Company holds a majority, together with $3,692,000 of the 1st m May, 1893, from Montpelier, Ind., to Clarke Junction, 26 miles
from Chicago.
The company agrees to keep the earnings of this
mortgage and $965,500 3d mortgage bonds.
division separately, and having paid therefrom the interest on
B onds , 'Etc.—Third mortgage carried 4 per ct. till 1894, thereafter 5. these bonds, to apply the surplus earnings in any year up to
Interest began January, 1888, but only the first coupon has been paid. an amount equal to 2 per cent of the bonds outstanding, to a
These bonds are received in payment for lands, [at 25 per cent of sinking fund for the issue, the bonds to be purchased or drawn by lot
par for year 1894-95] and prior to July 1 ,1 8 9 1, the bonds outstanding and paid at 110; but no more than $70,000 bonds are to be redeemed in
had been reduced from $2,434,625 to $1,830,875 thereby, and $65,375 any one year. Mortgage is for $3,500,000. Trustee, Central Trust
-“ thirds” had not been issued. Lands unsold June 30,1894, were 202,- Company. See full abstract in V. 54, p. 1049.
888 acres. Trustees of prior lien mortgage and of 3d mortgage, Cent.
Obligations on L eased L ines other than on the bonds in the table
Trust Co.; of 1st mort., Farmers’ Loan & Trust Co.
Coupons due and unpaid to June 30,1894, lstmortgage, $1,356,040 ; above are: Eel River Railroad Co.—Annual rental charge, $75,000 per
annum, April 1,1892, to April 1,1895; $90,000 per annum, April 1,
3d mort., $354,720. There are land notes due July 1,1895, $40,000.
1895, and thereafter. Also $500 per annum for organization expenses.
A nnual R epo r t .—Fiscal year ends June 30. Report for 1893-94 was Louisiana & Pike County Railroad—Annual rental charge, $800.
in V. 59, p. 779, and showed gross earnings $550,217, against $561,925
G eneral F inances .—On July 1,1894, bills payable $250,000, and
in 1 8 93 ; net, $128,536 against $122,3 59 ; income from land sales, etc.,
$ 3 7 ,2 1 7 ; interest, $ 4 0 5 ,9 6 8 ; balance, deficit, $240,220, against $277,- $373,339 rolling stock notes payable monthly, chargeable to operating
expenses. In April, 1894, holders of North Missouri 7s (total issue
■603. (V. 55, p. 543, 8 0 4 ; V. 57, p. 4 6 7 , 7 1 » ; V. 59, p. 779.)
$6,000,000) and St. L. K. C. & No. 7s (total issue $3,000,000), due re
V irg in ia M id lan d .—L ine ' o f R o ad .—From Alexandria to Gor- spectively July 1 and Sept. 1,1895, were offered Wabash first 5s at par
donsvflle, 88 miles; Warrenton Branch, 9 miles; Charlottesville to in exchange for each of these issues. In October, 1894, $506,000 No.
•Lynchburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville Missouri sevens and $625,000 St. L. K. C. & No. seconds had been con
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of verted. A sale of first mortgage bonds (deliverable in July and Sept.,
which 51 miles leased to Baltimore & Ohio), small branches, 9 1895,) has been made to a syndicate to an amount sufficient to retire
miles; total owned, 348 miles. Leases: Charlottesville & Rapidan bonds due in 1895 and unconverted at maturity. The exchange when
Railroad, Orange Court House to Charlottesville. 28 miles ; Franklin completed will save the company over $180,000 per an. V. 59, p. 740.
E arnings .—3 months, ) 1894........gross, $3,066,965 ; net, $833,250
dc Pittsylvania Railroad (3 feet), Pittsville to Rocky Mountain, 30
miles; total leased, 58 miles. Total owned and leased, 406 miles;
July 1 to Sept. 30,
51893........ gross, 3,691,316; net, 917,466
o f which 51 miles, Strasburg Junction to Harrisonburg, is leased to the
A nnual R epo rt .—Fiscal year ends June 30. Annual meeting at St.
Baltimore & Ohio (in perpetuity at B. & O.’s option for $89,250 yearly),
Louis second Tuesday in September. Report for 1893-94 at length in
and 9 miles to Chesa. & <5., leaving 347 miles operated.
Operated under lease by Southern Ry Co. which owns $4,500,000 of Chronicle , V. 59, p. 448, 471,474, showing results as follows :
■ e $6,006,144 capital stock, and has deposited it under its consol,
sfch
Tear ending June 30—
1892.
1893.
1894.
mort, o f 1894.
Average m ileage..................
1,917
1,890
1,935
B onds .—As to the liens of the several series of bonds given in the Passengers carried one mile. 170,201,067 177,119,065 210,281,487
table, see Supplem ent of May, 1894.
Rate per passenger per mile
2-057 ots.
2-009 cts.
1-877 ots.
Freight (tons) car’d one mile.1,390,510,1611,409,033,0001(097,585,000
E arnings .—For the year ending June 30,1893, gross $2,076,475; Rate per ton per m ile..........
0-705 cts.
0-683 cts.
0-698 ots.
net, $681,159; deficit under charges, $31,789. In 1891-92 gross. Gross earnings .....................
$14,389,331 $14,220,444 $12,551,449
$2,113,124; net, $798,981.—(V. 53, p. 843.)
Maintenance of way............
$1,936,902
$1,934,704
$1,897,411
Motive power........................
2,826,392
abash R a ilro a d .—Operates as follows, viz.
2,932,828
2,528,508
w
Maintenance of oars.............
1,287,647
1,163,602
1,048,152
Transportation and general.
Owns Past o f Miss. Hiver. Miles.
4,781,586
Leases East o f Miss. River.
4,776,471
4,356,309
Toledo, O., to East Hannibal,
Eel River RR. (which see),
Camp Pt. and Elvaston, 111. 536
Butler to Logansport, Ind..
94
Total oper. expenses___ $10,832,527 $10,807,604
$9,830,380
Decatur, 111., to E. St. Louis.. 110 Other lines.................... .........
16
Net earnings..........................
-Juno, near Chicago to Effing
$3,556,804
$2,721,069
$3,412,839
Per ot. oper. exp. to eam’gs.
ham and Altamont, HI........ 216
75-28
7600
78-32
Leases West o f Miss. River.
Streator to Fairbury...............
32 Brunswick to Pattonsb’g.Mo.
388,618
519,086
439,460
80 From rent of tracks, &o.......
Edwardsville to EdwardsContralla to Columbia, M o ... 21
ville Crossing, 111................
8
Total net income...........
$3,945,422
$3,931,925
$3,160,529
Delrey,near Detroit, to Butler 110
Total leased, 1894.............. 211
Taxes.....................................
Montpelier, O., on line to De
$464,549
$457,368
$497,098
troit, to Clarke Junction,
505,272
512,273
475,764
Total owned and leased___1,813 Track, bridge ren t, &c........
Int’st on bonds and rentals.
near Chicago........................ 150
2,674,125
2,714,704
2,859,431
Owns West o f Miss. River.
Div’nds on pref. debentures
210,000
210,000
Trackage, etc.
St. Louis to near Kansas City. 275 Chicago to Clarke Junction..
26
St. L. Levee to Ferguson, Mo.
11 8 short lines to Quincy, De
$91,476
$37,580 def.$671,764
Moberly to Ottumwa, Mo___ 131
troit, & o ...............................
70 Net surplus...........................
Salisbury to Glasgow,Mo., etc
23 Operat’d for Purchasing Com. 70 —(V. 55, p. 23. 60, 216, 333, 422, 4 4 0 , 4 6 0 , 4 6 6 , 504,1036; V. 56,
p. 754 ; V. 57, p. 24, 218, 4 4 5 , 4 6 6 ,4 7 0 , 4 7 3 ,7 2 3 ,1 1 2 4 ; V. 58, p. 733
Total owned, 1894
1,602
Gr. total oper’d June, 1894.1,979 1110 ; V. 59, p, 4 4 8 , 4 7 1 , 4 7 4 , 740.)
N o v e m b e r , 1894.]
BAILEOAD
STOCKS
AND
14f
BONDS.
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
Bonds—
Prinei INTEREST OR DIVIDENDS.
_________________RAILROADS._________________
Miles Date Size, or
Amount Rate per When Where Payable, and by pal,When Due.
Stocks—Last
of
Par
For explanation of column headings, &c., see notes of
Whom.
Dividend.
Road. Bonds Value. Outstanding Cent. Payable
on first page of tables.
Wabash (Concluded)—
Brunswick & CMUicothe 1st mortgage, int. guar.
Wabash Chester A Western—1st mortgage..............
1st consolidated mortgage, $1,000,000, gold.. .c*
WaUkill Valley—1st mortgage...................................
2d mortgage........... ..................................................
Ware River—See B oston & A lbany .
Warren (A . J.)—Stock,7 p. o. perp., guar. D. L.& W
2d mortgage, now 1st..............................................
1st consolidated mortgage.....................................
Wash. Ohio A West.—1st M. guar.,Alex, to R. Hill.c*
West Chester—ls tm o r t, inf. guar, by Penn. R R ...
West Jersey—Stock, $104,300 is 6 p. c. “ special” ..
1st M., cum.sink. fd.$12,500 yearly, not drawmo*
1st consolidated mortgage....................................o*
Consolidatedmortgage........................................... r
Salem RR. and Ocean City RR. bonds............... r*
Swedesboro Railroad bonds....................................
Woodstown & Swedesboro 1st mortgage.......... oK
West Jersey A Atlantic—Stock.....................................
1st M. Newfieldto Atlan. C., 33 m., dr’n at 100.c&r
Pleasantville & Ocean City 1st mortgage.......c&r
West Shore—1st M., gu. p.& i., end. by N7Y.C.&H.c&r
Syracuse Ontario & New York 1st mortgage.......
West Virginia Central A Pittsburg—Stock................
1st mortgage, ($25,000 per mile) gold................ c*
West Virginia A Pittsb.—IstM., s. f. not dr’n, gold, o'
West'n (A la.)—Con. M.,g.,gu.by C.Ga. andGa.RR.c*
Western Maryland—1st & 2dpref. M’s (1st M. end’d)
3d mortgage, endorsed by City of Baltimore........
4th m ort, In return for City of Baltimore stock..
5th mortgage, held by City of Baltimore, sink’g f’d
City loan................ ...................................................
38
65
—
18
18
18
50
38
63
128
11
11
33
7
448
45
122
160
133
90
90
90
90
1878 $100&c.
1888
1,000
1893
1877
1877
....
1855
1870
1875
1884
50
100
1,000
50
1866 500 &c.
1869 500 &c.
1879 500 &c.
1,000
1868 500 &c.
1,000
1882
50
1880
1,000
1880 100 &c.
1885 l,000&c
1,000
1883
100
1,000
1881
1890
1,000
1,000
1888
’ 58-’ 68 50Ö &c.
1870 500 &o.
1872
1887
Wabash Chester 6c Western.—
Chester, HI., to Mt. Vernon,
HL, 65 miles (and branch, 1 mile), of which 22 miles, Tamaroa to Mt.
Vernon, is the Tamaroa & Mt. Vernon RR., purchased in 1892. Stock
increased in 1893 from $250,000 to $1,250,000; par, $100. July, 1893,
coupon was not paid on 1st consolidated mortgage bonds.
For year ending June 30,1894, gross earnings were $87,828, against
$94,492 in 1893; net, $16,656, against $21,457; deficit, 1894, $17,913.
Waco 6c Northwestern.—
Bremond to Ross, Texas, 58 miles.
Operated by Houston & Texas Central. Sale of Dec. 28,1892, to E. H,
R. Green fo r$1,375,000 not completed; re-sale ordered in November,
1893. Alfred A beelis receiver. (V. 55, p. 1111; V. 57, p. 91, 854.)
Warren, N. J.—
New Hampton June. to.Dela. Bridge, N. J., 18‘8 m.
Leased in perpetuity to Dela. Lack. & West, at 7 p. o. on stock and bonds.
Washington Ohio 6c Western.—
Owns road from Alexandria,
Va., to Round Hill, Va., 50 miles. Leased Oct. 30,1883, to Richmond
& Danville for 999 years, rental guaranteed to equal interest on the
bonds. Road acquired in 1894 by the Southern Ry. Co. and bonds
left undisturbed. Stock, $1,500,000; par, $100.
West Jersey.—
Owns Camden to Cape May, Bridgeton, Riddleton,
Sea Isle, Ocean City, &c., 185 miles; operates West Jersey & Atlantic
RR., 40 m.; branch, 4 m.; total, 229 miles—30 miles double track.
Stock .—Stock authorized, $5,350,000. In 1893 sold $521,850 at par
to stockholders. See V. 56, p. 607.
D ivid en ds since 1880—In 1881,4; from 1882 to 1884, inclusive, 3 and
3 scrip; from 1885 to 1887, inclusive. 6; in 1888, 6 ^ ; from March,
1889, to Sept. 15,1894, 7 per cent yearly (3*2 semi-annually.)
B onds.—Sinking fund for bonds of 1896 invested in bonds of the Penn
sylvania system amounted to $876,100 January 1,1894.
E arnings .—From Jan. 1 to Sept 30,1894 (9 months)—
9 months—
Cross.
Net.
Charges, etc. Bal. sur.
$356,414
$195,949
$160,465
1894........................... $1,242,203
1 8 9 3 ......................... 1,365,113
361,785
202,760
159,025
An n u a l R epo rt .—Fiscal year ends Deo. 31. Report for 1893 was m
Ch ronicle , V. 58, p. 512. Earnings, including leased lines, have been:
Tear ending Bee. 31. 1890.
1891.
1892.
1893.
Gross earnings........ $1,633,745 $1,658,090 $1,746,322 $1,688,047
Total net in com e....
522,917
450,998
477,892
420,093
Interest, rentals, &c. 251,237
233,552
226,715
237,140
Dividends.................(7)148,217 (7)150,640 (7)153,132 (7)153,017
$304,500
300,000
390,000
250,000
330,000
6
F. &
5
J. &
5 g- J. &
J. &
7
J. &
7
1,800,000 7 per an.
750,000
7
600,000
7
4
1,000,000
75,000
5
2,727,100 7 per an.
1,000,000
6
1,000,000
7
752,000
6
200,000 4 & 5
200,000
7
90,000
6
1,008,250 See text.
78,000
6
80,000
6
4
50,000,000
1,100,000
6
1
5,500,000
3,000,000
6 g.
4,000,000
5 g41
ag.
1,543,000
222,000
6
6
875,000
6
1,000,000
1,704,000
314
4
684,000
A.
J.
J.
J.
J.
Boston,Bank Redemp’n
St. Louis, Nat. Bk. Coin.
Jan. ’93 coup, last paid.
N.Y.,Of.,5VanderbiltAv
do
do
A.15&0 N. Y., Del. L. & W. RR.
A. & O.
do
do
M. & S.
do
do
F. & A. N. Y., Drexel, M. & Co.
Phila., Penn., RR. Co.
M. & S. Phila., Of., 233 8 .4th St.
J. & J.
do
do
A. & O.
do
do
M. & N.
do
do
Various
do
do
do
do
J. & D.
M. & N.
do
do
M. & S.
M. & S. Phila., Fidelity I. T. Co.
J. & J. Phila., Penn. fiR. Office.
J. & J. N. Y., Gr’d Cent. Depot.
J. & D.
Yearly. Baltimore, Co.’s Office.
J. & J. Balt., Hambleton & Co.
A. & O. N. Y., Farm. L. & Tr. Co.
A. & 0. N. Y. Guar. & Indem. Co.
J. & J.
J. & J. Balt., N. Mechanics’ Bk.
do
do
J. & J.
do
do
J. & J.
do
do
J. & J.
Aug.
July
Jan.
Aug.
Aug.
1,
1,
1,
1,
1,
1903
1918
1928
1917
1917
Oot. 15, 1894
Oct. 15, 1900
Mch. 1, 1905
Feb. 1, 1924
Sept., 1919
Sept 1 5 ,1894t
Jan. 1, 1896.
April, 1899
Nov. 1, 190®*
1912 & 1925Dec., 1898
May 1, 1912
Sept 15,1890
Sept 1, 1910
July 1, 1910
Jan. 1, 2361.
1933
Mch., 1894
July 1, 1912?
Apr. 1, 1990
O ct 1, 1918
1890 & 1895>
Jan., 1900
Jan. 1, 1902.
Jam 1, 1927
July 1, 192
till Aug. 1,1911, for 37 per cent of the gross earnings. An important—
traffic contract was made with the B. & 0. in 1891. V. 52, p. 204,796.
Sto c k .—Stock authorized, $6,000,000, of which $500,000 unissued
June 30,1893. V. 52, p. 204. Bills payable June 30,1894, $145,000.
D ivid en ds .—From 1889 to 1894, both Inclusive, 1 p. o. yearly inMaroh
B onds .—First mortgage is for $3,600,000 to W. P. Whyte and the
Metropolitan Trust Co., as trustees. See V. 52, p. 204.
E arnings .—3 months, 5 1894, gross, $301,016; net, $103,386..
July 1 to Sept. 30.
( 1893, gross, 274,694; net,
91,945.
A nnual R epo r t .—Fiscal year changed to end June 30. The annual!
report for the year ending June 30,1894, was in V. 59, p. 648, and
showed total coal and coke shipments for year 825,757 tons, against
929,427 tons in 1892-93. Gross earnings of railroad were $504,597;
net, $174,049; profit from operating P. & C. RR., $13,126; profit on
coal sales, $84,387; total net earnings, $271,562; bona interest, &c.,
$182,985; balance, surplus, $88,577. In year 1892-93 gross, $551,766;
net, $188,584; total net, including profit on coal sales, &c., $333,229.
H. G. Davis. Baltimore, President. (V. 54, p .4 8 5 ; V. 55, p. 723; V.
57, p. 7 2 0 ; V. 59, p. 360, 648.)
West Virginia 8c Pittsburg.—(See Map Baltimore A Ohio.)—
R o ad .—Opened in 1892 from Clarksburg, West Va., on the B. & O., via
Weston, southerly to Camden-on-Gauley, West Va., 104 miles, (of which
1*3 miles owned by B. <feO.), with branch, 6 miles; also from Weston
via Buckhannon to Pickens, 50 m iles; total, 160 miles.
L ease .—Leased to the Baltimore & Ohio for 999 years, from Jan. 1*
1890. The rental is 62ifi per cent of the gross revenue. The remaining
37*8 is to be applied by B. & O. to payment of interest on bonds, the
B. & O. agreeing to advance any sums needed to pay this interest in
full, such advances to be a charge against future net earnings. For
first two years of the operation of the road, the W. Va. & P. is to
make up any excess of operating expenses over 62*3 per cent of gross
earnings, and for the following three years such excess up to 67*3 per
cent of said gross. See V. 51, p. 718. In 1905 and at end of every ten
years thereafter rental may be altered by arbitration.
Freight consists principally of lumber, of which lumber and bark:
114,007 tons carried in 1893-4 out of 178,039 total tons.
Stock —Com., $2,500,000; pref., 5 p. e., non-oum., $900,000; par, $100_
B onds .—The first mortgage for $4,000,000 (trustee, Mercantile Trust
Company of Baltimore) covers besides the road and its equipment
134,842 acres of timber, coal and mineral 1
ands in West Virginia. There
Balance, surplus.. $123,463
$66,806
$98,045
$29,936 is a sinking fund, but the bonds cannot be called. (See V. 54, p. 725.)
Loans and bills payable June 30,1894, $332,920; equipment notes*.
—(V. 54, p. 276, 6 4 2 ; V. 56, p. 5 77, 607; V. 58, p 4 2 9 512.)
$104,580.
West Jersey 6c Atlantic.—
Owns Newfleld, N. J., to Atlantic City
E arnings .—8 m os., 51894, gross, $243,354; net, $133,643.
N. J., 33 miles; Pleasantville & Ocean City RR., 7 miles; total, 40 miles
Jan. 1 to July 31. (1893, gross, 271,453; net, 135,109.
Opened June 17,1880, and operated by West Jersey RR. on a joint
A nnual R epo r t .—Fiscal year ends June 30. Report for 1893-94 in
traffic agreement and 25 per cent of gross receipts on West Jersey from
V. 59, p. 695, showing gross, $387,949, against $402,717 in 1892-93;
traffic o f this road to be applied to any deficit m interest and then as
sinking fund for bonds purchasable at 105, or drawn at 100, if over 105. net, $210,338, against $214,185; operating expenses to earnings, 45’ 8
Last dividend was 2 per cent in September, 1890. In 1893 net earn - p. c., against 46-8 in 1892-93; interest, taxes, &c., $222,288; balance,,
lugs were $21,988, against $9,819 in 1892; received under contract deficit, 1893-94, $11,950; profit and loss account balance June 30*
from C. & A., $8,636; Interest, eto., $15,845; balanoe.surplus, $14,779 1894, $24,514. (V. 55, p. 898; V. 56, p. 82, V. 57, p. 8 5 2 ; V. 59, p.
against deficit, $3,605 in 1892. In 1891 net earnings were $24,241. 69 5 .)
W e s t e r n Alabama.— oad —Selma to West Point, 133 miles.
R
—(V. 54,p. 276; V. 56, p. 205; V. 57,p. 255; V. 58, p. 263; V. 59, p. 191.)
West Shore.—("See Map New York Central A Hudson R iver.)—Line Owned jointly by the Georgia RR. and Central RR. of Ga.
E arnings .—3 months, (1894, gross, $124,100; net, $44,432.
of road from Weehawken, N. J., opposite New York City, to Buffalo,
July 1 to Sept. 30.
> 1893, gross, 109,245; net, 31,328.
N. Y., with branches to Albany City and Rochester City, 450 m iles;
Syracuse Ontario & New York (formerly leased and afterwards ab
For year ending June 30, 1894, gross, $512,022; net, $151,608
sorbed), Syracuse to Earlville, 45 miles; total, 495 miles. Successor In 1892-93, gross earnings were $499,482; net, $121,133; interest
in 1885 to the New York West Shore & Buffalo, sold in foreclosure.
$69,435; dividends (2 p. c.), $60,000; deficit, $8,302. In 1891-92
L ease .—Leased in 1885 for 475 years to the New York Central & gross, $536,402; net, $162,055. Stock, $3,000,000 (par, $100), of which
Hudson and all earnings, &o., included in that company’s report. The Central of Georgia and Georgia Railroad each owns $l,5OO,O0O.
$10,000,000 of stock is owned by the New York Central Company.
Western Maryland.— ine o f R oad —Baltimore to Williamsport*
L
B onds .—The West Shore mortgage is made to the Union Trust Com Md., 90 miles. Leases—Baltimore & Cumberland Valley Railroad and
pany as trustee, and covers the line of road, Weehawken to Buffalo, extension, Edgemont to Shippensburg, Pa., 34 miles; Baltimore & Har
with branches, 448 miles in all, and also the terminals at Weehawken risburg Railroad, Emory Grove, Md., to Ortanna, Pa., 59 miles, and
by ownership of all the stock and bonds of the Terminal Company. branches, 7 m iles; western extension, 15 miles; Potomac Valley RR.*
The guarantee of the New York Central & Hudson is absolute as to Williamsport to Cherry Run on the B. & O., 15 miles, and Porters to*
interest and principal and is endorsed on each bond. See abstract of York, about 16 miles (completed September, 1893); total, 236 miles.
mortgage in V. 42, p. 176. The Syracuse Ontario & N. Y. bonds “ were
Sto c k .—Common stock is $684,750; par, $50; six per cent first pre
not assumed as part of the West Shore mortgage.”
ferred stock, $324,000. The company has been largely assisted by the
West Virginia Central 6c Pittsburg.— coal and railroad city of Baltimore, which, Jan. 1,1893, owned $200,000 of its common,
A
company in West Virginia in the upper Potomac region—the Elk Garden stock, $4,263,000 of its mortgages and $2,924,850 overdue ooupons.
Qoal Field. Owns road in operation from junction near Piedmont, Washington County, Md., also in October, 1892, owned $110,000 com
W. Va., to Belington, W. Va., 102 m iles; Elkins Junction to Beverly, 6 mon and all the $324,000 preferred stock. Of the thirteen directors
miles; branches to Mineville, Elk Garden, &c., 15 miles; total owned, the city has appointed eight and the county two. V. 55, p. 545.
A commission in May, 1893, advised the city of Baltimore to defer
123 m. Leases Pied. & Cumb. RR. 29 m.; total operated, 152 miles.
H is t o r y .—Main line completed I d 1 8 8 9 . Company owns 3 2 , 2 4 4 for two years the sale of its interest in this road. See V. 56, p. 841.
acres of coal and lumber lands covered by the first mortgage and has
B onds .—Of the issue of $690,000 Baltimore & Harrisburg bonds,
mineral rights on 5 ,4 0 7 acres more. Extensions southerly to iron beds $162,000 are held in trust to pay off prior mortgages, as follows r
and easterly to Baltimore are projected. In 1 8 9 2 the Baltimore & Hanover Junction H. & G. first 6s, due January 1,1895, $42,000; Bal
Cumberland RR. was organized to build from Cumberland to Hagers timore & Hanover first 6s, due January 1,1899, $120,006.
town, Md., 7 0 miles, but no construction work had been begun to July,
From July 1,1892, to Jan. 1,1894, both inclusive, the company paid
1 8 9 4 . Construction of the Dry Fork RR., connecting W. Va. C. & P. regularly a portion of the annual interest due the City of Baltimore.
The floating debt Oct. 1,1893, was as follow s: First mortgage, over
with C. & O. at Covington, Va., has been begun. Work has also been
begun on the Roaring Creek & Charleston RR., which taps large coal due, $43,500; bills payable, $287,271; funding certificates held by
fields of W. Virginia. In Feb., 1 8 9 4 , the Piedmont & Cumb. was leased city of Baltimore, $226,530.
142
INVESTORS’
SUPPLEMENT.
[Vol.
i
IX.
Subscribers will confer a great favor by giving Immediate notice of any error discovered in these Tables.
RAILROADS.
Bonds—Prinoi INTEREST OR DIVIDENDS.
Miles Date Size, or
pal, When Due.
Amount
of
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
on first page of tables.’
W estern Maryland—(Concluded)—
Balt. &Harrisb. RR.; prior morts. see remarks_
_
*32
IstMTWest. Ext. ($16,000 p. m.), gold, guar. ..c'
15
Balt. < Cumb. Val., 1st mortgages (see remarks)
fc
34
W estern A . Y. < Pennsylvania—atook. «see text)_
T
£
_
633
Warren & Franklin 1st mortgage..................
50
West. N. Y. & Penn. 1st M., ($10,000,000), gold c
633
2d mortgage (1st on equipment, ete.), gold.. .e’ 633
2 d mortgage, deb., inc.,non-cum., red. at option ....
Income se’p, convert, into debent.,red. at option
—
Non-convert, income scrip.................
W estern Penn.—Stock............................. ...
" I""
1st mort., Freeport to Allegheny............. ............c *28
CSonsol. M. ($5,000,000), gold, guar. p.&i.Pa.RR.o* 116
W heeling A Lake Erie—
Common stock................... .
Preferred stock, 6 per cent, not cumulative........
1st M., Lake E. Div., Bowerston to Lake E.,gold.o* Ï87
1st M. Wheeling Div., $ & £ (2d on 187 miles) ..c*
50
Toledo Belt Railway 1st mortgage, gold, guar....
5
Exten. and Impr. mort. ($1,900,000), gold, $ &£.c* 260
Consol, mortgage for $8,000,000, gold..$ & £ ....c 260
W ichita Valley—1st M. subj.tocall at 105,g...c*&r
51
WUkesbarre < Eastern—See N e w Y o r k Susqueha NNA &
&
WUkesoarre & Scranton—Stock, 5 per cent rental.
5
First mortgage gold, guar. p.&i. by L. C. & N. Co.
Ô
W illm ar < Sioux Palls.—See G r e a t N orth ern .
&
Wtlm. Oolum. < Aug.—Stock, 6p. e., guar. Wil. & Wei.
h
1st m ortgage........................................
0 192
Wilmington as North.—1stM,,sub.to cail in"1.907. r
88
General mortgage for $1,000,000, gold............ r
88
W ilmington A Weldon—Stock........
*--
’72-’79
$162,000 5 & 6 Various Baltimore, Co.’s Office. 1895 & 1899
1886 $1,000
528,000
5 g. M. & N.
Nov. f i 1936
1888
1,000
240,000
5 g- M. & N.
May 1, 1938
’79-’81
351,300
6
J. & J.
do
do
July,1929&’31
100 19,730,444
1865 500 &c.
773,000
7
F. & A. Phila., Office, 104 S. 5th Feb. 1, 1896
1887
1,000
8,967,000
5 g. J. & J. N. Y., Continental Tr. Jan. 1, 1937
1,000 19,984,000 See text. A. & 0. Apr. ’93, coup, not paid. Oct. 1, 1927
1887
Var.
1,879,000
5
A. & O.
None paid.
After 20 years.
Var.
2,982,919
5
A. & 0.
None paid.
After 20 years.
391,247
1907
50
1,775,000 See text. A. & O.
Philadelphia. Pa.
Oct. 15, 1894
1865 100 &c.
435.000
6
J. & J. Philadelphia, Penn. RR. Jan. 1, 1896
1,000
1888
4,000,000
4 g. J. & D.
do ~
do
June 1, 1928
100 10,000,000
100
4,500,000 See text. Q.—F. N. Y., Office, 40 Wall St. May 15, 1894
1886
1,000
3,000,000
5 g. A. & O. N. Y., Mercantile Tr. Co. Oct. 1, 1926
1,000
1888
1,500,000
5 g. J. & J. N.Y., Cent. Tr.Co.&Lon. July 1, 1928
1888
1,000
338,000
5 g- M. & S. N. Y., Central Trust Co. Part each year
1889
1,000
1,562,000
5 g. F. & A.
do
do
Feb. 1, 1930
1892
1,000
1,100,000
4 g. J. & J.
do
do
July 1, 1992
1890
1,000
769,000
5 g. J. & J. N.Y. Mercantile Trust. July 1, 1940
W est ERN.
1888
1880
1887
1892
....
50
100
1,000
500
1,000
100
" L eased L ines .—As to leases and leased lines see Supplement of
November, 1893.
Potomac Valley RR. bonds are guaranteed by the Western Maryland
jand the Baltimore & Harrisburg. See Potomac Valley and V. 52, p. 121,
E arnings .—12 mos., (1893-4, gross, $1,196,572; net, $418,421.
Oct. 1 to Sept. 30. (1892-3, gross, 1,216,347; net, 404,773.
- . ^ ^ ^ „ B eport.—Fiscal year ends September 30. Report for 1892W 57> p. 1121, showed gross earnings $1,322,320; net earnings,
$461,890; mt., rent., &c., $383,717; balance, $78,173. In year 1891-92
$392,293; betterments, $86,236; balance,
$306,057; in 1890-91, gross, $904,378. (V. 57, p.1121.)
Western New York &. Pennsylvania.—
Owns Buffalo to Em’ 1?,1 miles > Buffalo to Oil City, Pa., 138 miles; Oil City to
Oiean, 116 miles; Rochester to Hinsdale, 99 miles; Stoneboro to West
_p«ew Castle, 36 miles; branches, including proprietary lines, 123 miles;
total owned, 633 miles, of which 53 miles is narrow gauge; trackage, 6
Reorganization Nov. 22,1887, per plan V. 42, p. 242
•or Buffalo New York & Philadelphia, sold in foreclosure Sept. 15,1887.
'->n 4 i )r“ - Lj-893, the President, Samuel De Coursey, was made receiver
pm ding settlement concerning 2d mortgage, interest on which became
•a fixed charge in December, 1892. See below and V. 56, p. 580.
R eo rganization .—Deposits of stock and scrip and seconds under the
plan are now subject to a penalty, H of 1 p. c. for stock and 1 p. c. for
* « r 8, *
P- c- ° f the seconds have been deposited and 92 ^ p c.
-or the stock has paid the assessment. The plan dated Dec. 1,1893, calls
assessment on the stock of $3 50 per share, and the exch. of each
$100 of stock paymg the assessment for $75 in new stock and $12 50 in
p .c . not-cum. incomes. Face value of shares reduced from
$100 to $50 and total stock from $30,000,000 to $20,000,000.
Western New York A Pennsylvania first mortgage bonds and Warren
■ £Franklin bonds will not be disturbed.
<
The old second mort. bonds receive 50 per cent in new general mort
gage bonds, 25 per cent in new incomes and 25 per cent in new stock.
Second mortgage debentures and convertible serin to receive 5 per cent
new general mortgage bonds and 50 per cent m new incomes.
Jwconvertible scrip to receive 50 per cent in new stock.
! raised by the assessment on the stock (amounting to about
$t>91,000) is to be used to pay $5 in, cash on each overdue second mort
gage coupon of April, 1893, and the balance held to pay interest on
tihe new general mortgage.
•
New Stock.—The new capital stock is to be held in trust for five
years by George E. Bartol, Nicholas Thouron and Samuel G. de Cour■sey, with full power to vote thereon.
New Bonds.—The general mortgage (limited to $10,000,000) will
hear interest till April 1,1897, at 2 per cent, then till 1901 at 3 per
and thereafter at 4 per cent. The new incomes are non-cumulative
filLyear 5 per cent gold bonds, issue limited to $10,000,000.
F oreclosure Sa l e .—In pursuance of above plan foreclosure sale
•under 2d mortgage has been ordered for Feb. 5,1895.
B onds .—Of the first mortgage bonds sufficient are reserved to retire
Warren & Franklin bonds at maturity.
Abstracts of first and second mortgages in V. 47, pp. 109,110
New equipment notes Sept. 30,1894, $573,250; bond and mortgage on
■real estate, $270,764; Kinzua Valley freight warrants, $57,000; int.
■°n.
SaJ?6 5 1 due and accrued, $1,351,186; loans and bills payable
11'
•only $5,200.
LEARNINGS.Gross
Net
Other
Fixed
3 mos. to Sep. 30. earns.
earn’gs. income, charges.
Balance.
.............
$954,307 $378,622 $216 $310,293 sr.$68,545
1893---- -----888,835
220,394 272
316,670 df. 96,004
A nnual R epo rt .—Fiscal year ends June 30. Report for 1893-94
given at much length in V. 59, p. 695, 699. See also editorial, p. 674.
During the year $372,148 was spent as follows: For equipment notes
paid ($192,787), betterments to road and rolling stock ($147,310) and
other items ($32,051), leaving a deficit under net earnings of $256,497,
which was charged to current assets.
Year ending June 30.
1892.
1893.
1894
-Gross earnings....................$3,580,156
$3,716,638
$3,011,900
Gperatmg expenses............. 2,398,360
2,517,127
2,214.356
Neteamings...................$1,181,796
T ota l netmeome.................. 1,181,796
Interest, rentals and taxes.
652,740
$1,199,511
1,200,519
679,249
$797,544
798,258
682,607
Sur. over 1stM. int., etc. $529,056
$521,270
$115,651
— (V. 57, p. 300, 721, 74 5 , 7 6 2 , 7 6 9 , 809, 980; V. 58, p. 69, 224, 384,
774, 816, £17, 943; V, 59, p. 332, 6 7 4 , 6 9 5 , 6 9 9 , 740, 783.
Western North Carolina,—
Bought by Southern Ry. August 21,
1894. For history see Supplement of July, 1894.
Western Pennsylvania.—
Owns from Bolivar to Butler, 71
miles, and Butler Junction to Allegheny City, 27 miles double track;
branch, 17 miles. Leased to Pennsylvania RR. for 40 years from
June 1,1888, rental being the net earnings. In 1893 rental $371,095
¡interest, $204,034; dividends, $159,750. In 1892 rental 607,312
Penn. RR. owns $1,753,500 of the $1,775,000 stock. Dividends, A. &
O ., 3 to 4 per cent each; in 1894, Apr., 4 p. c.; Oct., 4 p. c.
500,000 5 per an.
Phila., 226 So. 3rd St.
500,000
4*2 M. & N.
do
do
960,000 6 per an.
1,600,000
6
354,000
5
396,000
5 g3,000,000 See text.
May 1, 1938
J. & J.
Wilmington, N. C.
July. 1894
J. & D. New York & Baltimore. June10,1910
J. & D. Reg.; Co. mails checks. 1907-1927
Q.—F.
do
do
Aug. 1, 1932
Wilm., N.C., Co.’ s Office. May 31, 1894
Wheeling de Lake Erie.—Owns Toledo, O .,'to Bowerston, O.»
174 miles, and branch to Huron, O., 12 miles; Wheeling Division,
Bowerston to Martin’s Ferry, opposite Wheeling, 42 miles; Steubenville
branch, 14 m.; Toledo Belt, 5 m .; coal, etc., branches, 13 m. Total, 260
miles. Owns large interest in Wheel. L. E. & Pitts. Coal Co.—which see.
Extension to Bellaire, O., under construction in February, 1894. Ne
gotiations with Valley of Ohio RR. are pending—see that company.
H is t o r y and Sto c k .—Sold in foreclosure April 23,1886. Preferred
stock is entitled to 6 per cent non-cumulative, then common to 6 per
cent, then both share pro rata. In 1891 the preferred stock was in
creased from $3,600,000.to $4,500,000. Common stock increased
from $6,000,000 to $10,000,000 in 1893.
Meeting will be held Dec. 22,1894, to authorize issue of $5,000,000
additional com. stock and consider building from Massillon to Canton.
Extension of 80 miles into the coke region Is proposed. V. 59, p. 880.
D ivid en ds .—On pref. stock—From April, 1888, to February, 1891, at
rate of 4 p. o. per annum; in 1891, 4%; in 1892, 4% ; in 1893, 4 p. o.; in
1894, Feb., 1 per cent; May, 1 per cent; Aug. none. See V. 59, p. 154.
B onds .—The extension and improvement mortgage for $1,900,000 (of
which sufficient is reserved to retire the Toledo Belt bonds) covers,
subject to prior liens, all the property of the company, and is a first lien
upon the extension to Bellaire and upon the Steubenville branch.
Consolidated mortgage. for $8,000,000 authorized July, 1892, of
which $6,400,000 to retire prior bonds at or before maturity; $600,000
were issued at once, and $500,000 in May, 1893, for extensions, eauipment, etc. See V. 54, p. 965.
^ L atest E arnings .—From Jan. 1 to Nov. 7, 1894 (lO ^ mos.), gross,
$1,051,789, against $1,305,703 in 1893.
A nnual R epo rt .—Fiscal year ends June 30. Report for 1892-93 was
in Chronicle , V. 57, page 806. In year 1892-93 carried 1,367,958 tons
of coal, being 65 per cent of total freight handled.
Year ending June 30— 1890.
1891.
1892.
1893.
Gross earnings........... $1,047,419 $1,225,305$1,430,128 $1,595,991
Net receipts................
398,088
452,535
513,005
547,884
Interest paid....... .
187,500
290,541
301,133
320,694
Divid’s on pref. stock.
144,000
167,000
225,000
180,000
Miscellaneous........ .
............
761
19,782
14,941
Balance........... ..sur.$66,588 def. $5,768 def.$32,910 sur.$32,249
—(V. 57,p.723, 8 06; V. 58,p.476; V. 59, p. 154, 332, 601, 783, 880.)
Wichita Valley.—
Owns from Wichita Falls to Seymour, Texas,
51 miles; comp] iued in September, 1890. Stock authorized, $6,000,000)
outstanding, $1,020,000; par $100. Mortgage is for $6,000,000 at
$20,000 p. m.; trustee, Mercantile Trust Co. Earnings for year ending
June 30,1893, gross, $64,413; net, $33,798.; surplus over charges for
year, $7,035. In 1891-92, gross, $94,299; net, $60,535.
Wllkesbarre &]Eastern.— ee N. Y. Susquehanna & W e s te r n S
Wllkesbarre & Scranton.—('« e Map Central RR. o f N. J.)—
Se
Owns from Scranton to Minooka Junction, Pa., 5 miles, of which l^ j
miles is double track. Leased from May 1,1888, to Lehigh Coal. & Nav.
Co. (see “ Miscellaneous Companies” ) during its corporate existence
less one year, at $47,500 per annum and taxes. Lease assigned to
Central of N. J. at 6 per cent on cost of road ($1,065,000) and taxes.
In June, 1894, Lehigh Coal & Nav. Co. held all the stock.
Wilmington Columbia Sc Augusta.—
Owns from Wilmington
N. C., to Columbia, S. C., 192 miles. Leases jointly with Northeastern
(South Carolina) Railroad, the Central Railroad of South Carolina, Lane.
S. C.. to Sumter, S. C., 40 miles. Total operated, 232 rolic«Sold in foreclosure Oct., 1879, and reorganized. In June, 1885, leased
for 99 years to the Wilm. & Weldon, the lessee to pay all fixed charges
and 6 per cent dividend on the stock. From Jan. 1 to May 31, 1894
(5 months), gross earnings $250,784, against $291,872 in 1893. In
year 1892-93 gross, $722,876; net income, $291,572; deficit paid by W.
& W., $27,074, against surplus $46,425 in 1891-92.—(V. 58, p. 22 2 .)
Wilmington & Northern.—
Owns from Wilmington, Del., to
Highs Junction,Pa.,71 miles; branches, 17 miles; total owned, 88
miles; trackage to Reading, Pa., etc., 4 miles. Organized January 18,
1877, after foreclosure sale. General mortgage bonds are reserved
to retire present indebtedness at maturity. Stock authorized,
$1,500,000; outstading, $1,278,050; par, $50. Gross earnings in
1893, $454,630; net, $64,570; interest less interest ($1,334) received,
$37,449; surplus, $27,121. In 1892 gross, $482,607; net, $81,377.
Wilmington Sc Weldon.— oad —Owns Wilmington to Weldon,
R
N. C., 162 miles, and from South Carolina State line to Contentnea,
N. C., 116 m iles; branches, Scotland Neck (Halifax to Kingston), 85
miles; Tarboro, Nashville, Clinton, etc., 95; total owned, 458 miles.
Operates Albemarle & Raleigh RR., Tarboro to Plymouth. 54 miles;
Florence RR., 24 miles; Manchester & Augusta, 19 miles. Leases
Wilmington Columbia & Augusta, 192 miles; Central South Carolina
(jointly with Northeastern South Carolina RR.), 40 miles; Hartsville
RR., 10 miles. Operated in same interest are Wilmington Chadbourn
& Conway, 50 miles; Cher. & Dari., 65 miles; Petersburg, 61 miles;
Rich. & Petersb., 23 m.; Norf. & Car. RR., 110 miles; total, 1,106 miles.
Reaches Augusta, Ga. from Denmark, S. C., 57 miles, on South Caro
lina & Georgia RR. In October, 1894, parties interested in the Wil
mington & Weldon had purchased a controlling interest in the Charles
ton Sumter & Northern.
Hlllsview*
Tripp
Scotland^N^. 7
sJw j^viarden
K
MAT» OF TH E E IN E S
OP THE
W ISCONSIN C E N T R A L COM PANIES
860a! M
ILES
COMPRISING THE
Wisconsin Central Railroad Company,)
thusi
Wisconsin Central Company,
!
Milwaukee and Lake Winnebago,
Chicago, Wisconsin and Minnesota,
12212
860.29 \
144
IN V E STO R S*
SU PPLEM EN T.
[Vol. LIX.
Subscribers w i ll confer a great favor by giv in g Im m ediate notice o f any error discovered In these T a bles.
RAILROADS.
INTEREST OR DIVIDENDS.
Bonds—Princi
Miles Date Size, or
Amount Rate Per When
pal, When Due.
For explanation o f column headings, &c., see notes of
of
Par
on first page of tables.
Road, Bonds Value, Outstanding Cent. Payable Where Payable, and by Stocks—Last
Whom.
Dividends.
'Wilmington A Weldon.—( Concluded.)—
Certifi.of indebt.for div’d in ’87,non-cum., income.
$100 $2,500,000
7
A. & O. Wilm., N.C.,Co.’s Office,
Sinking fund, gold, interest bonds........................
457
1,000
936.000
7 g. J. & J. N.Y.,Balt. and Wilming, IrredeemableMay 1, 1897
Gen’l mort. for $4,000,000 ($12,000 per mile). .o’1 457 1885
1,000 3,000,000
5
J. & J.
do
do
1935
New equipment n otes.............................................
450.000
Special trust certificates..........................................
380.000
6
M. & N.
Wilmington, N. C.
At Co.’s option
Winona A Western - Stock, $2,000,000....................
Wisconsin Cent. Vo.—Receivers’ oertifs.—See text..
1894
6
(?)
1896
Chippewa Falls & Western 1st mortgage.............
1874
1,000
150.000
7
M. & N. Boston, 50 State St.
Wisconsin & Minnesota 1st mortgage...................
1880
810.000
7
A. & O. N. Y.,Colby & H. 36 Wall May 1, 1904
Apr. 1, 1910
Minn. St. Croix & Wisconsin, 1st mortgage..........
1884
180,000
6
M. & N. Boston, 50 State St.
May 1, 1915
Terminal mortgage notes.....................................
1885
400.000
8
F. & A.
do
do
Feb. 1, 1895
Improvement mortgage notes.............................
1886
215.000
8
M. & 8.
do
do
Sept. 1, 1906
Penokee 1st mortgage.............................................
1887
30.000
5
Wis. Cent. R. R.—Consol. M. ,1st series,gold
c&r 416 1879 500 &c,
1.522.000
5 g. J. & J. N.Y.,36WallSt.&Boston Jan.19371900
1,
Consol. M., 2d series, income(not cum.)gold.o*<fer 416 1879 500 &c,
12.000
7 g. J. & J.
Jan. 1, 1900
Wisconsin Central Co. 1st M.,$12,000,000, golclo
All. 1887
1,000 11,265,000
5 g. J. & J.
See text.
July 1, 1937
Income M., non-cum., $9,000,000, gold.......... o'
All. 1887
1,000
7,427,166
A. & O.
5 g.
No coupons paid.
July 1, 1937
Wis. Cent. Co.& RR. imp. bonds, gold, convert, c*
1891
1,000
3,642,122
5 g- M. & N. Merch’s Nl. Bk., Boston. May 1, 1931
L eased L ik e B onds—
Chicago Wis. & Minn, (leased)—1st mort., gold.c* 122 1885
1,000 2.860.000
6
M. & S. Bost’n, Meich. Nat. Bk. Mch. 1, 1916
Income bonds, 6 per cent, cumulative...............
1885
1,040,000
5
M. & S.
See text.
Mch. 1, 1916
Milw. & Lake Winnebago—See that company.
Woonsocket A Pascoag—S*k, 5 p.c. rent. N. Y & N. E.
10
100
200.000 5 per an.
Providence, R. I.
5 p c . Oct.,’93
1st mort., Interest guar, by City of Woonsooket.c
10 1890 1,000100,000
5
A. & O.
do
do
Oct. 1, 1910
Worcester Nashua A Rochester- Stock ($3,600,000)..
94
100 3,099,800 Text. J. & J.
Worcester, Office.
July
1894
■Bloß © i5* (Worcester & Nashua RR. bonds. ..o*
47 1875 l,000&c
385.000
5
F. & A. Boston, Globe Nat. Bk. Feb. 2, 1895
1,
SS’SJWor. Nashua & Roch. RR. bonds.. .o* 47 1886 1,000
150.000
4
J. & J.
do
do
July 1, 1906
S °
do
do ___ .j
47 1893
332.000
4
J. & J.
do
do
Jan. 1, 1913
9 l
do
do
do ...e
47 1890
735.000
4
J. & J.
do
do
Jan. 1, 1930
York Southern—Mortgage, $150,000.....................
Zanes. A Ohio River—1st M., $25,000 p. m., gold__o’
8 lé s e 100 &C, 2,000,000
Ó
F. & A. Last paid Feb. 1,1889. Feb. 1, 1916
6 gOrg an ization .—Organized in 1836. This is the Atlantic Coast Line.
An extension to Denmark, S. C., was completed in April, 1894, by the
Manchester & Augusta for this system. Bonds at $15,000 per mile
and $200,000 for equipment are authorized thereon.
D iv id e n d s .—From 1884 to July, 1891, both inclusive, at rate of 8
per cent per annum; in November, 1891, 4 per cent; in July, 1892, 4
per cent; in 1893, Jan., 3 per cent; in July none; 1894, May, 3 p. c.
A nnual R epo rt .—Fiscal year ends June 30. Report for 1892-93
was in V. 58, p. 222, showing for road proper:
Year end’g June 30. 1890.
1891.
1892.
1893.
Gross earnings........... $1,350,853 $1,535,714 $1,452,012 $1,569,296
Expenses....................
681,137
855,679
824,169
993,936
pany hereafter issues a new mortgage, the improvement bonds will be
exchangeable for bonds thereby secured at par. Full statement con
cerning these bonds was in V. 53, p. 22, 757. On June 3 0 0 8 9 3 , bill»
®
xclu81v® of book accounts, were $766,000, ¿ecured b y
$891,000 5 per cent bonds.
’
J
q V q Po G rant-~The Wisconsin CentralEaifroad had a land grant o f
q
839,348 acres, of which on June 30, 1892, 579,550 acres remained
unsold, and $98,948 land contracts wc^re outstanding
remained
L atest EARNiNGs.-From J u ly l, 1892, toJ u n e30,1893 (12mos.), theNorthern Pacific rental for the 672 miles covered by the Wisconsin
Central securities was $1,276,754; income from securities $439 923otherincome, $8,332; total income, $1,725,009; total charges! $1,620531; balance, surplus, $104,477; total surplus, June 30,1893, $333,606’*
G e n eral F inances .—Since the Wisconsin Central Company owns
practically all the securities of the Wisconsin Central Railroad theentire earnings of both companies go into the Wisconsin Conmanv’ a
treasury, from them being paid the total charges of both companies.
The company s officials state that less than 19 per cent of the Wis
Central traffic has been derived from the Nor. Pac., the balance being*
from local business. In March, 1894, the Ch. Wis. & Minn. income
bondholders were offered for the ten coupons due and unpaid withinterest thereon at 5 p. c., Wis. Cent, improvement bonds at par. See
V. 58, p. 384. Payment of Sept. 1,1894, coupons on above “ incomes” '
was also offered in “ improvement bonds.” In July, 1894, the floating
debt was said to be about $900,000. See V. 58, p. 384, l l i o .
K
A nnual R eport .—Fiscal year ends June 30. Report for 1891-92
given at length in Chronicle , V. 55, p. 783, 805, 808. The statement
of rental from the Northern Pacific for 1892-93 is shown below.
Net earnings........ $669,716
$680,035
$627,843
$575,360
In 1892-93 total net income, $600,222. Deduct interest on bonds, etc.,
$435,820; loss on W. C. & A. lease, $29,575; dividends, $210,000;
balance, deficit, $75,173, against surplus for 1892, $256,037. (V. 53.
p. 5 3 5 ; V. 55, p. 9 T 7 ; V. 58, p. 222.)
W i n o n a & W e s t e r n .—Owns from Winona, Minn., to beyond
Osage, 117 miles. Has traffic agreement with Green Bay Winona &
St. Paul, the Winona RR. Bridge, completed in August, 1891, connecting
tbo roads. See V. 52, p. 974. A reorganization in October, 1894, of
the Winona & Southwestern, sold in foreclosure Sept. 15,1894. V. 59,
p. 836. Stock authorized, $2,000,000; par, $100. For year 1892-83,
gross income, $162,475; net income, $47,032; deficit under charges
$80,063. (V. 57, p. 596, 894; V. 58, p. 514; V. 59, p. 372, 697, 836.)
„ .W i s c o n s i n C e n t r a lC o m p a n y ,—f See Map.)—Owns junction near
8t. Paul to Abbottsford, Wis., 157 miles; branch to Bessemer, 34 miles;
other branches to Eau Claire, &o., 12 miles; spurs, 44 miles. Leases
INCOME ACCOUNT (EXCLUDING CHIC. & NOR. PAC.)
Chicago Wisconsin & Minnesota, Chicago to Sohleisingerville, 112 miles,
and spurs, 11 miles; trackage to Chicago, Minneapolis, &c., 25 miles;
Year ending June 3 0 1892.
1893.
Milwaukee to Rugby, 27 miles; total, 422 miles. Controls Wisconsin
Central Railroad, owning from Menasha to Ashland, 253 miles; Stevens Total Northern Pacific rental, etc......... $1,834,155
$1,887,481
For Mil. & Lake W. and Ch. Wis. & Min.
597,002
Point to Portage City, 71 miles; branches and spurs, 93 miles, and
602,396:
leases Milwaukee & Lake Winnebago (which see), Neenah to SchlesTo Wis. Cent, proper, 676 miles.......... $1,237,153
ingerville, 64 miles, spur 3 miles; Paokwaukee to Montello, 8 miles;
$1,285,085
649,913
trackage, 1 mile. Total Wisconsin Central Railroad, 493 miles. Grand Net interest on bonds................................
632,024.
35,370
total, 915 miles. Of this 672 miles represent Wisconsin Central Int. on debentures of leased lines...........
37,52325,074
Company’s stock. Also operates, temporarily for C. & N. P. receivers, Int., exchange and commissions.............
49,526
Engine and car rental..............................
287,166
the Chicago & Northern Pacific, with its large terminals in Chicago.
298,281
Trackage rights.........................................
65,553
62,688
H is t o r y , E tc.—Organized June, 1887, to gather into a single General expenses, etc...............................
105,491
100,566
corooration the Wisconsin Central Associated Lines. Nearly all the se©unties of the Wisconsin Central Railroad are now owned, but for Balance surplus for the year..................
$68,587
$104,477
legal reasons its separate corporate existence is maintained.
160,542
229,12»
The road was leased for 99 years from April 1,1890, to the Northern Add surplus of previous year..................
lease V. 51, p. 713,) but the Northern Pacific receivers
Surplus June 30...........................
$229,129
$333,606
failed to pay the rental due Aug. 1,1893, and the lease was canceled
Sept. 25, on application of Wisconsin Central officials. (V. 57, p. 548.)
The figures below indicate the growth of the business of the entire
The Chicago & Northern Pacific was leased on May 1,1890, through system, but include accounts entirely independent of Wis. Central.
the medium o f this company, to the Northern Pacific, but the No. Pacific
Year ending June 30.
1891.
1892.
1893.
receivers having abandoned the lease in September, 1893, the Wis.
Cen. is now operating that property under a temporary arrange Freight earnings...................
$3,743,347 $4,018,823 $4,126.035ment. The Wis. Cen. disclaims any Lability for C. & N. P. rental.
Passenger........................................ 1,259,857
1,357,196
1 447 439The Chicago Wisconsin & Minnesota, from Sohleisingerville to Chicago Mail, express and miscellaneous.
242,510
167,945
177127
& Northern Pacific terminals in Cook County, 111., 122 miles, is leased in
perpetuity. Rental is 37 per cent of gross earnings, less its proporTotal gross earnings................$5,245,714 $5,543,964 $5,750,601
tio n o f terminal charges ; but surplus rental over $350,000 yearly is —(V. 55, p. 7 8 3 , 8 0 5 , 8 0 8 , 1079; V. 56, p. 363,375; V. 57. p 342
divided equally with lessee. As to Mil. & Lake Winnebago, see that Co. 375, 469, 548, 557, 723,1084; V. 58, p. 384, 1110; V. 59, p. 117, 783,.
R ec e iv e r sh ip .—Sept. 27,1893, H. F. Whitcomb and Howard Morris 880.)
were appointed receivers. See V. 57, p. 557.
Worcester Nashua & Rochester.—
Owns from Worcester via
R ec e iv e r s ’ C ertificates .—In Nov., 1894, the Court authorized the Nashua to
94 miles.
issue of $2,000,000 two-year 6 p. o. certificates for floating debt and Nashua andRochester, Rochester. Consolidation 1883, of Worcester &
Nashua &
improvements. Collateral released to be deposited as security for the
Leased for 50 years from Jan. 1,1886, to the Boston & Maine at ren
certificates. V. 59, p. 880.
tal of $250,000 and taxes. The mortgage of 1879 secures equally on
Co upon P aym e nts .—All interest due Jan 1,1894, was paid at matur- the road from Worcester to Nashua the debentures of 1873 and 1875
*W»!®dt July, 94, interest on Wis. Central Company 5s was not paid. and all the other bonds, including the Nashua & Rochester 1st
See V. 58, p. 1110.
^ »
*
mortgage bonds of 1874. On April 1,1894, $251,500 of 5 per centsChicago Wis. & Minn, income bond interest due Sept. 1,1894, was maturing were replaced by 4 per cents and $11,000 are still un
paid in bonds.
exchanged. For 1892-93 rental $250,000; net over fixed charges
R eo rganization C om m ittee .—In July, 1894, George Coppell. W. L. $155,634 agains£ $157,486 in 1891-92; paid dividend of 6 percents
Bull and Gerald L. Hoyt, of New York, Rowland Hazard of Rhode $183,864; delioit charged to profit and loss, $28,230. Dividends: From
Island, ana. Edwin H. Abbot of Boston, were appointed a committee 1887 to Jan., 1894, both inclusive, at rate of 6 per cent yearly, but
to reorganize the Company, if possible, “ unifying ” the properties now July, ’94 div. was only 2 p. c.
composing the “ Wisconsin Central lines.” See V. 59, p. 117.
orh Southern.— company formed in October, 1894, to reor
A
Stocks .—Pref. (6 p, o. cum.), $3,000,000; common, $12,000,000.
■ ganize the “ Baltimore & Lehigh in Pennsylvania.” Capital stock
Voting power on entire stock is held by Messrs. Colby, Hoyt and Abbott. will be $600,000; bonds, $150,000.
y
Road will be made standard gauge, and consolidation with Baltimore
B onds .—The first mortgage bonds of 1887 and (subject to these) the
& Lehigh in Maryland is proposed. See Baltimore & Lehigh.
incomes cover all interest in the lines which at the time of the
making of the mortgage were operated in the system. They
anesville & Ohio River.—
Owns from Zanesville, O., to Harhereto re cover all the seourties of said lines held by the
iii ar, on the Ohio River, opposite Marietta, about 80
Wisconsin Central. The improvement bonds of 1891 (total authorized branches, 3 miles. InAug.,1889,interestwasdefaulted. miles, including
Foreclosure suit
jssue $12,000,000) are the joint and several obligations of the ii> progress. See V. 50. p. 140. On July 19,1892, J. Hope Sutor was
Wis<M>nsin Central Co. and Railroad Co. and are further collaterally se made receiver. See V. 55, p. 147. Total funded debt June 30, 1893*
cured by purchase money first-lien upon all property bought with their
30,1894, gross
$128.367
proceeds. They have precedence in payment of interest over the in $2,113,033. In year ending June$13,486, againstearnings,interest on
against $120,968 in
$1,846 ;
comes, no new mortgage can be put ahead of them, and if either com bonds not paid. (V. 1892-93; net,
55, p. 147.)
Z
N ovember 1894.
MISCELLANEOUS STOCKS AND BONDS.
145
Subscribers will confer a great favor by giving Immediate notice of any error discovered in tbese Tables.
Bonds—Princi
MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
Par
For explanation of column headings, &c., see notes on of
Rate Per When Where Payable, and by Stocks—Last
Bonds Value. Outstanding Cent. Payable
first page o f tables.
Whom.
Dividend.
MISCELLANEOUS.
$100 $ 12,000,000
Adams Express—Stock..............................
Am erican Bett Telephone—Stock...............
100 20,000,000
Debentures, subject to call at 110.............................. c&r 1888 500 &e.
2 , 000,000
25
Am erican Coal (Maryland)—Stock
1.500.000
American Cotton Oil—Common stock (see V. 54, p. 761)...
100 20,237,100
100 10,198,600
Pref. stock 6 per cent non-cum., sub. to oall at 105.......
1,000 3.326.000
Debentures for $5,000,000, subject to call atllO,gold.c* 1890
100
Am erican District Teleg.—Stock, $4,000,000 authorized...
3,844,700
American Express—Sto ck................................ .....................
100 18,000,000
Am erican Soda Fountain—Common stock........................
100
1.250.000
First preferred, 6 per cent cumulative,
100
1.250.000
Second i
100
na preferred, 8 per cent cumulative.........................
1.250.000
A m erican Steamship—1st M., guar. p. & i. by Pa. RR......
500 &c.
1.500.000
Am erican Strawboard—Stock................ ............................. .
100
6,000,000
1,000
1st mortgage, gold, subject to call after Feb., 1901........ 1891
1.081.000
Am erican Sugar Refining—Common stock............. ..........
100 36.968.000
100 36.968.000
Prer. stock, 7 p. o. cum. (see editorial in M ay,’ 93, Su p .).
1st mortgage for $10,000,000........................... ...............
1,000 None,Nv.’94
Am erican Tel. « Cable—Stock...............................................
6
100 14,000,000
Am erican Tobacco Co.—Com. stock, $21,000,000 auth___
50 17.900.000
Pref. stock, 8 p.c. non-cum.; pref. as to assets anddivs..
100 11.935.000
A
merican Bell Telephone Co.—
Dividends.—From year 1 8 8 7 in 1888,18; in 1889,18; in 1890,18; in 1891,18 p. o.; in 1892, 15
9 . c.; in ’93,18 p. c.; in ’94, Jan., 3 p. c. and 3 extra; Apr., 3 p. c.; July,
3 p.c.; Oct., 3 p. c. and l ^ extra.
Stock.—Stock increased $2,500,000, to $20,000,000, in May, 1893.
See V. 56, p. 463. In 1894 capital stock was increased from $20,000,OOO to $50,000,000, chiefly to extend the Long distance service, and on
Nov. 15 the stockholders authorized $500,000 of this increase to be
issued, making total issue $20,500,000. On Nov. 15,1894, outstanding
as in table.
On January 1, 1894, the company had 566,491 instruments in
use in hands of licensees and 353,480 miles of wire, against 552,720
instruments and 307,791 miles of wire in January, 1893; number of
stations was 237,186, against 232,140 in 1893.
One of the company’s patents expired Jan. 30,1894, but many im
provements are secured to the company for a number of years.
A nnual R eport .—Report for 1893 was in V. 58, p. 549.
Tear ending Dec. 31.
1890.
1891.
1892.
1893.
Total gross earnings.......$4,375,291 $4,736,007 $5,100,887 $5,781,076
Net earn., incl. int.,ch’ges 2,869,418 3,126,820 3,411,676 3,925,485
Paid dividends................ 1,463,913 1,725,000 1,927,227 2,214,156
750,000
900,000 991,863 1,125,000
Extra dividends..............
Depreciation reserve.......
655,505
501,820 492,586
586,329
Total payments........ $2,869,418 $3,126,820 $3,411,676 $3,925,485
—(V. 56, p. 463, 5 37; V. 58, p. 222, 549,1 1 0 8 ; V.,59, 780, 878.)
American Coal.—
There are mortgage bonds for $200,000. Divi
dends of 6 p. c. per an. have been paid. In 1894 paid, March, 3 p. c.;
September, 3*2 p. c. N. Y. office, No. 1 Broadway.
American Cotton Oil.—Organ ization .—Incorporated Oct. 12
1889, under the laws of New Jersey, to succeed the American Cotton
Oil Trust, of which it was a reorganization. Owns the following prop
erties, all o f which are free from mortgage lien : 72 crude oil mills, 15
refineries, 4 lard plants, 9 soap factories, 15 cotton ginneries, 3 cotton
compressors and 2 fertilizer factories; in all 120 properties, of which 15
were dormant and 19 dismantled on Adg. 31,1894. See V. 55, p. 767.
Ca p it a l Stock .—Common authorized, $21,092,000; preferred, $15,000,000, of which $4,363,700 ueiu tc. exenangeior ihe debentures. Pref.
stock is entitled to 6 per cent, non-cumulative, and is subject to call at
105. See pref. certificate in editorial of May, 1893, Supplem en t .
D ivid en ds .—Preferred stock from June, 1892, to Deo., 1894, both
inclusive, paid 6 per cent per annum (3 p. c. semi-annually).
D ebenture B onds .—The debentures are subject to call at 110, on two
months’ notice, and no mortgage lien can be created without the written
consent of the holders of 80 per cent of them. Debenture bonds for
$434,000 were canceled in ’92-’93 and $240,000 in 1894.
A nnual R epo rt .—Fiscal year ends August 31. Annual meeting o
stockholders on the first Thursday of November. Report for 1893-94,
was published in full in V. 59, p. 795 (see also editorial p. 758), show
ing property as follow s: Real estate, machinery, <& $11,161,164; cash
c.,
in banks, $1,258,154; bills and accounts receivable, $1,706,032; mar
ketable products and supplies on hand, $4,069,313; total valuation,
-$18,194.663, against $17,485,311 in 1893. Loans and bills payable
were $1,300,000 on Aug. 31,1894.
For the year ending Aug, 31,1894, the profits of the whole business
were $1,428,152, less expenses of administration, interest on bonds, &e.,
$731,855; balance, net income, $696,297. The profits from all the
properties, exclusive of interest charges and general office expenses
have been as follows since 1888: Fifteen months to Aug. 31,1889,
$1,835,795; year 1889-90, $129,979; year 1890-91, $1,902.181; year
1891-92, $2,527,699; 1892-93, $1,800,040; in 1893-94, $1,428,152.
D ire ctors .—Edward D. Adams, John R. Bartlett, T. R. Chaney*
Charles F. Clark, James A. Garland, Charles Lanier, Mayer Lehman,
Alfred B. Mason, George A. Morrison, R. T. Wilson, E. Urquhart, all of
New York C ity; J. F. Chamberlin. Summit, V. J . ; M. Frank, Atlanta,
Ga.; G. A. Hobart, Paterson, N. J . ; John H. Maxon, St. Louis, Mo.
Chairman of the Board of Directors, Edward D. Adams, President,
Thomas R. Chaney; Vice-President and Comptroller, Robert F. Munro;
Treasurer, Justus E. Ralph. Office, 29 Broadway, N. Y. (V. 56, p. 834,
9 2 3 ; V. 57, p. 7 4 1 , 763, 7 6 6 ; V. 59, 7jS , 780, 795.)
A merlcan D istrict Telegraph.—See Supplem ent of Jan., 1893In both Feb. and May, 1893, paid l i t p. c . ; in Aug. none; in Dec., 1 p. e.>
4n 1894, May, 1 p. c. Office, 8 Dey St. N. Y. City. (V. 56, p. 886; V. 58,
p. 177.)
American Express.—
Dividends, 6 p. c. yearly since 1882. Office,
65 Broadway, N. Y. City. (V. 56, p. 500, 578.)
American Grocery Company.— reorganization in June, 1894,
A
o f the Thurber-Whyland Co., which see. Officers—T. L. Marsalis, Pres,
and Gen. Manager; F. W. Hopkins, Vice-Pres.; E. F. Cuming, Treas.,
W. B. Nash, Secy. (V. 58, p. 1110.)
American Soda Fountain Co.—Formed in 1891 under laws of
New Jersey to manufacture soda water apparatus and supplies.
D ivid en ds .—Dividends on preferred stock have been paid in full up
to date. On common stock 10 per cent was paidin Feb., 1892 and 1893.
In Feb., 1893, all dividends were changed to quarterly, and on com. from
May, 1893, to Nov., 1894, both inclusive, 2 ^ p. c. quarterly paid.
L oans and B ills P a y a b l e .—On Feb. 1,1894, due managers $427,
6 0 7 ; bills payable, $95,000, against bills receivable, $704,068.
ANNUAL R epo r t .—Fiscal year ends Dec. 31. Report for 1893 in V!
58, p. 304, showed total sales of $3,026,117; net earnings, $ 3 2 9 ,0 5 5 »
dividends, $3 00,0 00; balance, $2 9,05 5; total surplus Dec. 31, 1893$250,012, In 1892 sales, $ 3 ,116 ,743 ; net earnings, $410,487.
8 per an.
See text.
7
6 per an.
Q .-M . New York, 59 Broadw’y
Q.—J. Boston, Comp’y’s Office.
F. & A.
do
do
M. & S. N. Y., Office, 1 B’dway.
Dec. 1, 1894
Oct. 15,1894
Aug. 1, 1898
Sept. 1, 1894
6 per an.
8 g.
See text.
6 per an.
10 peran
6 per an.
8 per an.
J. & D. N. Y., Winslow, L. & Co
Q.—F.
do
do
N. Y., Office, 8 Dey St.
J. & J. N.Y.,Co.’s Of., 65 B’way
Q .-F .
Company’s Office,
Q .-F .
do
do
Q.—F.
do
do
A. & O. Phila., 233 So. 4th St.
Q .-M .
Boston, Internal Tr. Co.
Q.— N. Y. Office, 117 Wall St.
j.
do
do
See text
J. & J. N. Y., Central Trust Co.
Q .-M . N. Y., West. Union Tel.
Q .-F . N. Y., Farm. L. & Tr. Co.
Q .-F .
do
do
Deo. 1, 1894
Nov. 1, 1900
May 28,1894
Jan. 2, 1895
Nov. 4, 1894
Nov. 4, 1894
Nov. 4. 1894
Oct. 1,1896
See text.
Feb. 1, 1911
Oct. 2, 1894
Oct. 2, 1894
Jan., 1911
Sept., 1894
Nov. 1,1894
Nov. 1,1894
6
See text.
6 g.
See text.
7 per an.
6
5 per an.
See text.
8per. an
D irectors .—James W. Tufts, Boston, President; A. H. Lippincott,
Philadelphia, First Vice-President; John H. Matthews,N.Y.,Second VicePresident; James N. North, Treasurer, Boston; F. W. Hopkins, New
Y ork; Walter S. Blanchard, B oston; Daniel J. Puffer, Boston; I. F.
North, Bec’y.N. Y. Office, Boston,Mass. (V. 56, p. 2 0 4 ; V. 58, p. 3 0 4 )
A m e r ic a n S t e a m s h ip .—Stock authorized, $5,700,000; par, $10<fc
paid in, $1,201,400. No dividends. Bonds guar, by Penn. RR. Co.
American Straw Board.—
Incorporated under the laws o f Illi
nois. Balance sheets of Nov. 30,1893, and Dec. 31,1892, were in V.
58, p. 42, and of Dec. 31, 1893. in V. 58 p. 262. In 1893, quarterly
dividends, 2 per cent, paid in March and June, but none in September
or December. General office, Pullman Building, Chicago. (V. 56, p.
3 3 1 ; V. 57, p. 341; V. 58, p. 42, 2 6 2 .)
American Sugar Refining.—This New Jersey corporation be
came in Jan., 1891, the owner of all the property theretofore belonging
to the Sugar Refineries Co. See reorganization plan, V. 51, p. 609.
It also purchased the capital stock of the four Philadelphia refineries
and a controlling interest in the Baltimore refinery. Spreckels’ s re
finery in California is under a lease for ten years to the “ Western
Sugar Refining Company,” of which the “ trust” owns one-half the
stock. Claus Spreckels and A. B. Spreckels are officers of the Western
Company, and own the other half of the stock.
In January, 1893, Mr. Searles gave a list of the refineries in the
United States not controlled by the Sugar Trust and with which toe
trust has no friendly understanding. They were: Revere, of Boston, daily
capacity, 1,000 barrels; Henderson, of New Orleans, daily capacity
300 to 400 barrels; Cunningham, near Galveston, Texas, about same;
Mullineaux, of Brooklyn, which claims daily capacity of 2,000 barrels.
The daily capacity of refineries operated or controlled by the Sugar
Refining Co. was said to be about 40,000 barrels a day. V. 56, p. 126.
Stock .—Stock authorized is $75,000,000, of which half preferred.
D ivid en ds .—On preferred stock in full to date. On portion of p re
ferred dividends are Q.—J.; on balance, J.&J. On common, in 1891,
July, 4 per cent; in 1892, 10*2 p. c.; in 1893, Jan., 2*a p. o. (quar.j;
April, 3 p. c., and 10 p. c. extra; July, 3 p. c.; Oct., 3 p. 0.; in 1894,
Jan., 3 p. 0.; April, 3 p. c.; July, 3 p. c.; Oct., 3 p. 0.
The following general balance sheet of Nov. 30,1893, was filed in
Boston Nov. 2,1894:
Inabilities.
Realest., mach’ry,&c $42,931,605 Capital stock............. $73,936,000
7,545,780 Debts.......................... 22,201,407
Mdse., stock, &c.......
Improvement acc’nt. *3,624,238 Reserves...............
8,943,100
Investments............. 26,985,375
Cash & debts reo’able 23,322,075
Miscellaneous............
671,434
$105,080,507
tpj.uuiuoujuu *
* This item is properly chargeable to the “ reserves,” thus reducing
them to $5,318,862.
A nnual R epo rt .—Fiscal year ends Nov. 30. The report for 11 months
ending Nov. 30,1892, was in V. 56, p. 79, and showed net earnings
$8,615,837, from which paid 9 per cent on the common and 7 on pre
ferred, leaving surplus for the eleven months of $2,732,157.
These figures did not include the controlled companies, the returns
from which in March, 1893, were such that the directors decided to
divide the surplus of 1891 and 1892, and so deolared an extra dividend
of 10 per cent on the common stock.
D irectors .—H. O. Havemeyer, T. A. Havemeyer, F. O. Matthiesen
J. E. Searles, Wm. Dick, W. B. Thomas. Treasurer. John E. Searles. N. Y ,
office, 117 Wall Street. (V. 55. p. 177; V. 56, p. 79, 126, 413; V. 57, p.
595: V. 58, p. 81,178, 222, 866; V. 59, p. 115, 472, 737, 834.)
American Telegraph &. Cable.—
Owns two cables between Nova
Scotia and England. Leased to Western Union—which see.
American Tobacco Company.—Organized in 1890 under laws
of State of New Jersey to manufacture and sell tobaooo in all its forms.
Sto c k .—Preferred is 8 per cent, non-cumulative, and has preference
also as to “ assets” in case of liquidation. See pref. certificate in
editorial of May, 1893, Supplem en t . Pref. stock [$14,000,000 author
ized] was listed in Sept., 1890. V. 53, p. 21; V. 51, p. 349.
D ividends .—On preferred to Nov., 1894, inclusive, 8 per cent per an
num. On common stock in 1891,12 per cent; in 1892,1 2 p. 0.; in 1893,
12 p. 0.; in 1894, Feb. 3 p. 0.; May, 3 p. 0.; Aug., 3 p. 0.; Nov., 3 p. 0.
A nnual R epo r t .—For year 1893 was in V. 58, p. 305, showing:
12 Mos. Net Earns.
D ie on Pref.
D ie. on Com.
Surplus.
1893......$4,334,467
$956,806 (12%)$2,152,500
$1,225,167
1892........ 4,739,301
960,800 (12%) 2,166,000
1,612,501
General balance sheet of Dec. 31,1893, showed:
Liabilities.
Real estate, stock, etc.$34,349,080 Stock and scrip—see
Cash..........................
1,278,594
table above............... $29,835,000
Bills and accounts re
Div. payable Feb. 1 ’94
775,700
ceivable..................... 1,540,579 Accts. & corns, payable
746,521
Advertising fund........
477,969
Surplus........................ 5,333,063
Total..........................$37,168,253
Total..........................$37,168,253
D irectors .—Lewis Ginter, John Pope, George Arents, James B.
Duke, Beniamin N. Duke, George W. Watts, W. H. Butler, Charles G.
Emery, W. 8. Kimball, William A. Marburg, Geo. W. Gail, Josiah Brown,
Pres., James B. Duke; Sec., Wm. H. Butler; Treas., Geo. Arents. N. Y .
office,45 B’way. (Y. 54,p. 4 8 5 ; V.56,p. 1 63; V. 58, p. 3 0 5 ,8 6 6 , 902.)
146
INVESTORS’
SUPPLEMENT
[V o l .
LIX
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds—Princi
MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Date Size* or
pal,When Due..
Amount
For explanation of column headings, &c., see notes on of
Par
When
Outstanding Rate Per Payable Where Payable, and by Stocks—Last
Whom.
Bonds Value.
Cent.
first page of tables.
Dividend.
Am erican Type Founders—Stoch, $4,000,000 is preferred.
Barney < Smith Gar—Common stock................................
£
Pref. stock. 8 p. c. cum., pref. as to dividends only........
1st mort., gold, subject to call at 110 after July 1,1902..
B ay State Gas—Stock.......... ............. .....................................
Boston United Gas 1st M., sink, fund, gold..................c*
do
do
2d M., gold...................................... .
Bay State Gas incomes........... ..................................... ...
Brunswick Company—Bonds, 'gold...................................... .
Canton Company—Stock......................................................
Central dt South American Telegraph—Stock $8,000,000..
Construction certificates to be converted into stock.......
Chesapeake & Delaware Canal—1st M. (extended in 1886)r
Chicago & Atchison Bridge—1st M. for $1,000,000, gold..c
Chicago Economic Fuel Gas—Stock......J.............. .............
First mortgage, gold ($5,000,000) .................................c*
Chicago Gas—Trust Co.’s receipts of equitable interest...
People’s Gas Light & Coke 1st mortgage, g o ld ............. c
2d mortgage.........................................
c
1st consol, mortgage for $10,000,000g o ld .............. c*
Equitable Gas Light & Fuel 1st mortgage.................... c*
c
Consumers’ Gas 1st mortgage, gold.................
Chicago Gas Light & Coke 1st mortgage, g. (seetext). .c
Chicago Junction Railways < Union Stock Yards—Stock..
&
Preferred, 6 per cent cumulative................................ .
Collateral trust bonds, gold, $ or £ ............................... c*
Income bonds, 5 per cent, non-cum. (See remarks)... o*
1892
1889
1891
1892
1886
1885
1893
1874
1874
1893
1885
1886
1887
1890
1892
$100
100
100
1,000
$9,000,000
1, 000,000
2.500.000
1,000,000
5.000.
50
500 &o.
9.000.
500 &c.
3.000.
2.000.
1,000
1,000
160,000
100
3,326,300
100
6.500.000
1,417,600
500 &c.
2,602,950
1,000
743,000
5.000.
100
1,000
2.500.000
100 24,885,800
500
2.100.000
500
2.500.000
1,000
See text.
2.000.
1,000
1,000
4.346.000
1,000 10,000,000
100
6.500.000
100
6.500.000
1,000 10,000,000
1.000 2.864.000
American Type Founders Co.—Org an ization .—Incorporated
in 1892 under laws of New Jersey to carry on the business of manu
facturing and selling type. See adv. in Chronicle of Oct. 15,1892.
SrocK.'-The preferred is entitled to an 8 per cent dividend, cumula
tive. It is a prior lien on assets, and is entitled to two votes for each
share. See pref. certificate in editorial of Supplem ent for May, 1893.
D ivid en ds .—On pref. in 1893, Feb., 2 p. c .; May, 2 p. c.; none since.
An n ual R e p o r t .—The report for the year ending Aug. 31,1894, was
in V. 59, p. 736. The net profits were $40,442. Bills payable Aug. 31,
1894, were $435,729; accounts payable, $118,429. Bills receivable,
$178,817; accounts receivable, $363,156. Cash on hand, $49,059.
D i r e c t o r s .— Monroe Smith, G. Frederick Jordan, John Gill, W m . B.
MacKellar [Vice President], Robert M. Janney, J. W . Phinney, Edward
F. C. Young, Henry Barth, L. Boyd Benton, A. T. H. Brower [Secre
tary], George R. Turnbull [Treasurer]. N. Y. office, 39 Cortlandt St.
—(V. 55, p. 625, 638; V. 59, p. 7 3 6 , 737.)
altimore Traction.— e e S t r e e t R a i l w a y s in front of this
S
B
Su p p l e m
ent
.
Barney & Smith.—See Supplem en t N o v e m b e r , 1893.
Bay State Gas Co.—
Incorporated in 1889 under the laws of New
Jersey, mainly for the purpose of amalgamating the 14 companies sup
plying gas to the city of Boston. Control of the Boston, Brookline,
Cambridge, Charleston, Chelsea, Bay State Gas Co. of Boston and other
companies has been acquired.
Capital stock is $5,000,000; par, $50.
B o n d s . —The mortgage of 1889 is for $12,000,000 gold bonds, of
which $7,000,000 were secured by deposit with the Mercantile Trust
Co., trustee of practically all the stock of the Boston, South Boston,
Roxbury and Bay State (of Mass ) gas light companies of Boston, said
to have cost over $10,000,000. Of the balance ($5,000,000), $3,000,000
were reserved to acquire other gas companies upon certain terms and
$2,000,000 for improvements. Each registered $1,000 bond is entitled
to 5 votes. There is an annual sinking fund of one per cent of the entire
issue, and bonds can be drawn at 105. All the bonds issued are de
posited with the Mercantile Trust Co., N. Y., which issues its Boston
United Gas trust certificates therefor.
Beckton Construction Co. (Limited).—
Organized under the
laws of Pennsylvania to consolidate the management of the gas com
panies in Brooklyn, N. Y. Controls the Brooklyn, Metropolitan and
Citizens’ Gas-Light companies. S t o c k s .— See New York and Brooklyn
Gas companies, back of this S u p p l e m e n t . V. 56, p. 82.
Broadway & 7th Ave. (Street) B B ,-|
Brooklyn City R B .—
j see S t r e e t R a i l Brooklyn Heights R B . ) w a y s , in front of this
Brooklyn Queens Co. & Suburban.— j
Su pple m en t.
Brooklyn Traction Co.—
J
Brunswick Company.—
Owns real estate and water front in
Brunswick, Ga., and stocks in local cos. Stock, $5,000,000; par, $100.
^lanton Company.— S u p p l e m e n t of September, 1892.
See
Central Jersey Traction.—
Incorporated in July, 1894. See V.
59, p. 115.
Central & South American Telegraph.—
Owns cable line from
Vera Cruz, Mexico, to Valparaiso, Cmli, 4,750 miles, and land lines
350 miles, etc. Also the Trans-Andine telegraph lines, 1,200 miles,
purchased in 1891, and connecting Valparaiso with Buenos Ayres.
Connects at Vera Cruz with Mexican Telegraph Co., and owns an inter
est in cable between Galveston and Coatzacoalcos, 825 miles, etc.
S t o c k , E t c .— In June, 1892, $1,417,600 construction certificates were
sold at par to bay for second cable between Salina Cruz, Mexico,
and Chorillas, Peru. These certificates are to be converted into stock
within three years from May 29,1893 (when the work was completed),
during which period also the Mexican Telegraph Co. has contracted to
pay this company $20,000 annually. See Mex. Tel. See V. 54, p.
1047. Increase of stock to $8,000,000 was authorized Jan. 18,1893.
D ivid en ds .—In 1885 and 1 8 8 6 ,4 per cent; in 1887, 6 per cent; from
1888 to Oct., 1894, both inclusive, at rate of 7 p. c. per annum,
payable quarterly; in March, 1890, paid stock dividend of 20 per cent.
E arn i NGS.—Est. surplus March 31.1894, $529,657. For year 1893
gross, $818,421; net $535,009, against $502,000 in 1892; dividend and
interest, $455,933; balance, surplus, $79,076. Office, 37 Wall St., N.
Y. (V. 55, p. 1077; V. 56, p. 127, 538.)
Chesapeake & Belaware Canal.—
Owns canal from Delaware
City to Chesapeake City, Md. In June, 1893, bondholders were asked
to accept 4 per cent interest (in place of 5 per cent) until contingent
fund, reduced to $49,613, should again amount to $100,000. Interest
is payable at the office in Philadelphia. In year 1892-93 gross receipts
were $156,235; net, $113,683; interest at 5 per cent on bonds,
$130,147. Stock, $1,903,238; par, $50.
Chicago & Atchison Bridge Co.—
Owns and operates a railway
and highway toll bridge across the Missouri River at Atchison, Kansas,
used by the Chicago Rock Island & Pacific, Hannibal & St. Joseph, Kan
sas City & Council Bluffs, Missouri Pacific and Atchison Topeka & Santa
Fe railway companies. There are 2d 7s for $142,550.
Chicago Economic Fuel Gas Co.—Organized in 1890 to con
struct ana operate gas works in Chicago. The maximum price to be
charged for illuminating gas, as fixed by ordinance, is $1 1 0 per
thousand cubic feet; for fuel gas 60 cents per thousand cubic feet. The
company is required to pay an annual royalty to the city of 3 per cent
See text.
See text. Annual,
8 per an. Q .-M .
6 J. & J.
000
000 % J. & J.
'«• J. & J.
000
000 I g- M. & N.
6 g. J. & D.
N.Y.,Guar. &Indem.Co.
See text.
From Dayton by check, June15,1893
do
do
Dec. 1, 1894
New York.
July 1, 1942
N.Y., Merch.Tr.& Lond. Jan. 1, 1939"
do
do
Jan. 1, 1939'
do
do
1899
Deo., ’93, coup, last paid Dec. 1, 1896
7 per an. Q .-J. N. Y., Office, 37 Wall St.
5 F. & A.
do
do
See text. J. & J.
See text.
6 g. J. & J. N. Y.,W . &J. O’Brien..
000
5 g. J. & J. N. Y., Central Tr. Co.
See text. Quar’ly. N.Y., Central Tr. Co.
6 g. M. & N. N.Y..Cent. Tr.& Lond’n.
do
do
6 g. J. & D.
6 g. A. & O. N. Y., Central Trust Co.
000 6 g. J. & J. N.Y.,Cent.Tr.& Chic. Of.
5 g- J. & D. Chicago, Union Nat. Bk.
5 g. J. & J. N. Y., Central Trust Co.
See text. J. & J. N. Y., Office, 45 B’way.
do
do
6 per an. J. & J.
5 I J. & J. N.Y., Cent. Tr.; London.
5
See text.. N.Y. Of.—When earned.
Oct.
conv.
July
Jan.
3, 1894
into stk.
1, 1916
1, 1915
Jan. 1, 191&
Oct 2 2 ,18 9 4
Nov. 1, 1904
Deo. 1, 1904
Apr. 1, 1943.
July 1, 1905
Dec. 1, 1936
July 1, 1937
July 28,1894
July 28,1894
July 1, 1915
July 1, 1907
of gross revenue from illuminating gas and 5 per cent from fuel gas.
This company is controlled in the interest of the Chicago Gas Co.
Capital, stock is $5,000,000; par, $100.
B onds .—The mortgage of 1893 is for $5,000,000 (trustee, Central
Trust Co., N. Y.) 5 per cent gold bonds; the balance unissued ($2,500,000) can be used only for extensions, equipments or betterments to the
amount of 90 per cent thereof. Sinking fund is 2 per cent of surplus
earnings yearly, bonds to be bought at market price but atnot over 105
(V. 54, p. 366, 405, 799.)
Chicago G as.—Org an ization .—The Chicago Gas Co. no longer
exists, but the trust receipts of the Fidelity Insurance Trust <
fe
Safe Deposit Company of Philadelphia certify that the holder is
entitled to his ratable proportion of the ownership in all the stocks o f
the several Chicago gas companies held by the Fidelity Company (sub
ject to the lien of the bonds), and has the right to receive the dividends
thereon and to vote the same as he may choose.
B onds .—See application in full to New York Stock Exchange in
Ch ronicle , V. 47, p. 746. The guaranty of the Gas Trust Co. as toprincipal and interest is endorsed upon the bonds of the several issues
in the table above. The Gas Trust Co. has ceased to exist, but the
bonds are said to retain “ a full and equal lien ” upon the securities
held in trust by the Fidelity Co. See above. See also “ Finances” below.
D ivid en ds .—In 1889,4 p. c . ; in 1890, 3; in 1891, 3; in 1892, 5*4 p. c.»
in 1893, March, 1*2 p. o .; m June, 1*2 p. c.; in Oct., I'M p. c. in scrip, e x '
changeable for People’ s Co. consols; in 1894, Jan., 1*2 per cent in cash t
April, m , p. c.; July 1*2 p. c.; Oct., 1*2 p. c
Securities Ow n e d .—The Fidelity Co. holds $14,887,625 of the $14,984,200 stock of the companies whose bonds are given in the tableabove, this stock having been trusteed for the benefit of the
shareholders of the Chicago Gas Trust Company, and for the security
of the holders of the mortgage bonds that were then, or might there
after, be issued by any of said companies. Through the interest in said
companies there are also controlled all but $15,800 of the $1,650,00<>
stock of four smaller companies, three of which have outstanding
the following bonds: Lake Gas Company, $300,000 1st m ortgage
6s; Hyde Park Gas Co., $200,0001st mortgage 6s; and Illinois Light
Heat Power Co., $500,000 1st 7s guaranteed by the Peoples’ Co.
D ealings w it h Cit y .—In June, 1891, a settlement was reached b y
the several companies on the basis of the city getting 3*2 per cent of the
gross receipts, or at least $150,000 per annum, and paying $1 per 1,000feet for its gas—the price of gas to other consumers to remain at $1 25
until 1893, when a reduction of 5 cents in the price must be made each
year following until $1 has been reached. See V. 52, p. 939.
In April, 1894, the Attorney-General of Hlinois began proceedingsagainst the companies to annul their charter on the ground that they
were maintaining a trust. These proceedings have since been discon
tinued and litigation between the company and the State of Hinois is
terminated. Each company now maintains a separate existence. See
V. 58, p. 1109; V. 59, p. 28.
F inances .—Of the $25,000,000 trust receipts, $114,200 have been
canceled. The People’s Gas Light Co. in September, 1893, executed a.
consolidated mortgage for $10,000,000 of 6 per cent bonds, of which
$4,600,000 are deposited with Central Trust Co. to redeem all prior
bonds; and in November, 1893, $2,000,000 were in treasury and
$3,400,000 were to be issued for construction. V. 57, p. 899. O f
these latter $1,450,000 had been listed on N. Y. Stock Exchange in
Nov., 1894. Y. 58, p. 264.
E arnings , E tc .—The Chicago Gas earnings have been as follow s:
Year.
Net Earnings.
Interest..
Surplus.
1893..............................................$3,219,864
$1,166,560
$2,053,304
1 8 9 2 ..;.........................
3,035,6041,087,5081,948,096
1891............................................. 2,787,835
1,044,250
1,743,585
1890............................................. 2,389,709
1,035,100
1,354,609
New York Office, 29 Broad Street.—(Y. 56, p. 331,1015; V. 57, p.
217, 375, 422, 468, 853, 893, 899; V. 58, p. 512, 715, 815, 902, 1109;.
V. 59, p. 28, 514, 650.)
Chicago Junction Railways & Union Stock Yards.— r
O
g a n i z a t i o n .— This company, incorporated in 1890 under the laws of New
Jersey, has purchased 98 per cent of the stock of the Union Stock Yard
& Transit Company of Chicago, which latter company owns the entire
stock of the Chicago & Indiana State Line Railroad Company. The
property thus controlled is situated in Chicago, and consists of 470
acres of land (with one mile of water front) containing warehouses,,
sheds and pens (to accommodate 25,000 head of cattle, 160,000 hogs,
etc.); also 130 miles of railway, connecting with all the railroads enteringthe city. See adv. in C h r o n i c l e July 19,1890, and V. 52, p. 203.
A g r e e m e n t w i t h P a c k e r s . —Under a fifteen-year agreement dating:
from July 1, 1891, the Chicago packers, Messrs. Armour, Morris and
Swift, and others, guarantee to give this company the business of pack
ing all live stock slaughtered by them within 200 miles of Chicago,
See V. 54, p. 328, 923; V. 55, p. 99, 297.
In July, 1892, a five-year contract was made with the remaining
packers, the so-called Stickney packers. See V. 55, p. 99.
C a p i t a l S t o c k .— The common stock authorized is $6,500,000; pre
ferred, $6,500,000. The preferred stock is 6 per ceut (cumulative), and
in case of liquidation will have priority over common as to all assets.
D i v i d e n d s .— On preferred, 6 per cent yearly to date. On common
in l891,10; in l8 9 2 ,8 p . c.; in 1893,8; in 1894, Jan.,4 p. o.; J u ly,4p .o.
B o n d s .— See S u p p l e m e n t of May, 1894. January and July, 1894r
coupons of incomes were paid.
A n n u a l R e p o r t .— Fiscal year ends June 30. Annual meeting in Jer
sey City first Thursday in July. Report for 1893-94 was in V. 59, p. 69^
November, 1894,1
MISCELLANEOUS
STOCKS AND
BONDS,
147
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
Bonds—
Princi
MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Date Size, or
pal, When Due
Amount Rate per When
Par
For explanation of column headings, &c., see notes on of
Where payable, and by Stocks—Last
Bonds Value. Outstanding Cent. Payable
first page of tables.
Whom.
Dividend.
Citizens’ Gas Light o f Brooklyn—Stock for $2,000.000_
_
Citizens' Gas Light lstM.bds.,sub.to call aft.Apr.l,'95.0
Consol, mortgage for $750,000, gold......................... c*
Union Gas‘Light Co. 1st mortgage b o n d s ....,................
Consol, mortgage, gold................................ ..................
Olaflin (H .B .) Company—Common s t o c k .......................
1st pref. 5 per cent, gold, cum___5 pref. as to princi-)
2d pref. 6 per cent, cumulative.... I pal and dividends. 5
Col. Coal < Iron bevel.—1st M., g., gu., red. at 105
&
c*&r
Collateral trust bonds, gold, secured by land notes.......
Suburban Land & Investment Co. bonds, guar., p.<fci_
_
Colorado Fuel < Iron —Common stock, $11,000,000.........
6
Preferred stock, 8 per cent, cumulative...........................
Col. Coal & Iron 1st consol. M., gold, s. f., not drawn, .c*
Colorado Fuel Co’s gen. mort., gold, s. f. red. at 110.. c*
Col.Fuel & Ir. gen. M. ($6,000,000) g.,s.fd.,red. 105.c*<fer
Grand River Coal & Coke 1st mortgage, gold, see text.c*
Columbus < Hock. Goal < Iron Co.—Stock, $190,000 is pref.
£
&
1st M., g. (13,351 acres land, mines, &c., s. f., not dr’n.c*
Commercial Cables-Stock ($10,000,000)..............................
Comstock Tunnel—Income, non-cum. ($3,000,000),gold.c*
Consolidated Electric Light—Stock........ ..............................
Debenture bonds, sinking fund......................................c
Consolidated Gas (N T .)- Stock.............. . . . u . . .................
Knickerbocker Gaslight. 1st mortgage, sinking fund.c*
Metropolitan Gaslight Co., 1st mortgage.................... e ‘
Debentures................ ............. |........................................ r
Year ending June 30—
1891-92.
Dividends of U. S. Y. Co., &C..........$1,706,440
60,650
Balance previous year...................
General expenses, rents, &c...........
167,247
Interest on bonds.............................
500,000
Dividends..........................................
889,204
1885
1890
1889
1885
___
....
1889
1892
1894
....
1880
1889
1893
1889
1887
1889
1878
1881
1888
$100 $1,750,000
1,000
250,000
1,000
500,000
1,000
250,000
1,000
250,000
100
3,829,100
100
2,600,300
100
2,570,600
1,000
700,000
1,000
559,000
500
500,000
100
9,250,000
100
2,000,000
1,000
3,021,000
1,000
1,040,000
1,000 None A’g.’94
1,000
768,000
100
4,890,000
1,000
960,000
100 10,000,000
500 &c.
1.908.000
100
2.500.000
95,100
iò ó 35,430,060
1,000
366,000
500 &c.
658,000
1,000
1,500,000
1892-93.
1893-94.
$1,631,277 $1,733,005
210,638
21,835
113,232
120,921
796,850
644,025
910,000
910,000
Balance, surplus.............................. $210,638
$21,834
$79,894
D irectors .—Chauncey M. Depew (Chairman), Edward J. Phelps, of
Burlington, Vt.; W. J. Sewell, Camden, N. J.; F. H. Prince, Boston; Fred
H. Winston, Albert H. Veeder and E. J. Martyn o f Chicago; Martin L.
Sykes and George Peabody Gardner. N. Y. office, 45 Broadway.—(V.
57, p. 5 9 ,1 0 4 ; V. 59, p. 69.)
j
See text.
Brooklyn.
5
A. & O.
Company’s Office.
5 g. F. & A. N. Y., Central Tr. Co.
6
J. & J.
do
do
do
do
5 g- J. & J.
See text. Q .-J . N.Y.,Office— Church St
5 per an. Q .-F .
do
do
6 per an. Q.—F.
do
do
5 g. J. & J. N. Y., Company’s Office.
6 g- J. & D. N.Y.jReal Est. L. & Tr.Co
6
M. < N.
&
See text.
N. Y., 18 Broadway.
See text. F. & A.
do
do
F. & A. N. Y. .Knickerbocker Tr.
6 g.
6 g- M. & N. N. Y ., Atlantic Trust Co.
5 g. F. & A N.Y., Office 18 Br’dway
New York.
6 g. A. & O.
See text.
6 g. J. & J. N. Y., Central Trust Co.
See text. Q.—J. N. Y., 253 Broadway.
4 g. M. & N. N. Y.—when earned.
N.Y.,Co.’sOf.,120B’way
6
J. & J. N. Y., Am.Exch. Nat.Bk.
See text. Q .-M . N. Y., Office, 4 Irving PI.
6
J. & D.
do
do
F. & A. N. Y., Farm. L. & Tr. Co.
6
5
M. & N. N. Y .. Office. 4 Irvine PI.
Aug. 2, 1893
A p .I,’95-1905
Feb. 1, 1940
July 1, 1905
Jah. 1, 1920
Oct. 15,1894
Nov. 1, 1894
Nov. 1, 1894
July 1, 1909
1897
Nov. 1, 1909
May 15,1893
Feb., 1894
Feb. 1, 1900
May 1, 1919
Feb. 1, 1943
Apr. 1, 1919
Aug. 20,1891
Jan. 1, 1917
Oct. 1, 1894
Sept. 1, 1919
Oct. 1, 1890
1895
Sept. 15,1894
June 1, 1898
Aug. 1, 1901
May 1. 1908
The Fuel & Iron Co. also assumed the Col. Coal & Iron Co’s guaranty
of Colorado Coal & Iron Development bonds for $700,000. The
Grand River Coal & Coke Co.’s bonds are not guaranteed but
a majority of the company’s stock is owned by the Colorado Fuel & Iron.
D ivid en ds .—On common: In 1893, May., lt jp e r cent. On preferred,
in 1893, Feb., 4 p. c.; Aug., 4p. c., in scrip; in 1894, Feb., 4 p. c. in scrip;
Aug., none.
A nnual R epo r t . —Report for year ending June 30, 1894, was.
given at length in V. 59, p. 370, 373, and showed:
r G t' o co
,
Net
- .~
1892-93.
1893-94.
1892-93.
1893-94.
Fuel department.............$3,605,103 $2,294,569
$816,187 $449,380
Iron department............ 2,951,105
1,775,562
204,661 145,428
Rt tail dept., etc..............
411,754
305,617
68,590
65,957
Citizens’ Gas Co. (Brooklyn.)—
Consolidation in April,1892.
of Citizens’ Gas and Union Gas. In February, 1894, control was ob
tained by Beckton Construction Co., which see. Official statement to
Total...... ..................$6,967,962 $4,375,748 $1,089,438 $660,765the N. Y. Stock Ex. in May, 1892, was given in full in V. 54, p. 888. In
124,906
98,656
August, 1893, meters in use, 7,773; street lamps, 1,614; miles of street Deduct general expenses......................................
mains, 76ip. Dividends paid—July, 1892, 21 p. 0.; August, 1893,2
s
Balance to income account..................................
$964,532 $562,100
p. c. President, J. T. B. Hillhouse.
Interest on bonds, $318,840; taxes,
City Sc Suburban.— Stre et R a il w a y s in front o f this Supple idends, $80,177; balance, surplus forsink, funds, etc., $116,249 ; div
See
year, $46,843. Total surplus
m en t .
July 1,1894, $78,047.
Claflin (H. B.) Company.—
Incorporated under the laws of New
D ire cto rs .—John C. Osgood, Henry R
Sullivan:,
Jersey in May, 1890, to carry on the mercantile business of the firm of John L. Jerome, Charles H. Toll, William Wolcott, DennisKebler, D.
H. James, J. A.
H. B. Claflin & Co., of New York City. The company’s premises have a C. Beaman, A. C. Cass, of Denver; Paul Morton, of Chicago; C. F. Meek,
frontage of 375 feet on Worth Street, and with all appurtenances are E. Thalmann, of New Y ork; W. L. Graham, of Pueblo. J. C. Osgood,
valued at $2,739,181, its total assets June 30,1894, including merchan President. Office, 18 Broadway, New York.—(V. 56, p.500,579,1014;
dise. accounts receivable, etc., being put at $13,955,437. V. 59, p. 69.
V. 57, p. 179, 217, 3 7 3 , 1082; V. 58, p. 474; V. 59, p. 330, 3 7 0 , 3 7 3 .
D ividends .—On preferred stocks full dividends to date. On common
Columbus Sc Hocking Coal Sc Iron Company.—
Organized at
stock in 1891, 10 per cent; in 1892) 8 per cent; in 1893, 8 ^ per
cent; in 1894, Jan., 1*2 per cent; April, l ^ per cent; July,1*2 p. c.; Oct., Columbus, O., January 26,1883, and owns large coal and iron proper
ties, (13,250 acres of land) with extensive works thereon, in Ohio, a
l ^ p. c. Dividends on the first preferred stock are payable in gold.
Annual charges for dividends ahead of common stock are now fixed at full description in Chronicle of February 26,1887, V. 44, p. 278.
The Central Trust Company of New York is trustee of the mortgage.
$284,251.
Dividends on preferred: In 1891, 5 per cen t; none since.
R epo rt .—Report for the half-year ending June 3 0 ,1 8 9 4 , with bal
The present management only took charge in May, 1892, and no re
ance sheet, was in V. 59, p. 69, showing net earnings over expenses port for year 1891-92 was made.
and taxes, $242,878; interest on preferred stocks, $142,126; dividends
(3 per cent) on common stock, $114,873; balance, deficit for 6
A nnual R eport .—Fiscal year ends Mar. 31. Report for 1893-94
months, $14,121, against surplus, $2,828 in 1893. Total surplus to was in V . 58, p. 1108. Iron production for year, 4,180 tons; coal,
June 30 ,1 8 9 4 , $287,480. Profits were: In 1892, $ 8 7 0 ,0 0 6 ; in 1891, 356,402 tons. There were oar trusts for $112,112.
$658,096; in 1889, $784,000; in 1888, $7 0 6 ,0 0 0 ; in 1887, $766,000.
YeartoM ar. 31. Gross.
Net. Int., taxes, etc. Im p .,etc.B a l.,d ef.
Office corner Church and Worth streets, New York. (V. 55, p. 99; V.
56, p. 80; V. 57, p. 104; V. 58, p. 80; V. 59, p. 69.)
1893-94............. $412,113
$3,465
$71,305
$13,867
$81,702
1892-93..........717,752
6,953
72,175
36,680
101,902
Colorado Coal Sc Iron Development.—
Formerly controlled
Total deficit March 31,1894, $409,670. N. Y. office, 80 Broadway.
by Col. Coal & Iron Co. The total real estate owned Nov. 1,1892, was
valued at $6,209,623 (including town lots in Pueblo, etc.); land notes, - ( V . 52, p. 507, 643, 831; V. 53, p. 187, 2 8 8 ; V. 58, p. 1108.)
$900,000; other assets, $220,377; total assets, $7,330,000. Stock,
Commercial Cable Company.—
This is popularly known as the
$6,000,000; par, $100. Liabilities as in table above. See full state
ment to N. Y. Stock Exchange in December, 1892, in V. 55, p. 1112. Mackay-Bennett Cable Company, owning three cables from Nova Scotia
France; one from Ireland to
In October, 1894, Colorado Coal & Iron Development stockholders to Ireland; one from Ireland to Havre,Scotia to New York and one to
also one from Nova
were offered $500,000 Suburban Land & Investment Co. 6 p. c. bonds Bristol, England; &e. In September, 1887, the authorized stock was
Rockport, Mass.,
at par. Stockholders so subscribing to receive 5 p. c. non-oum. prefer raised to $6,000,000, and in October, 1888, to $10,000,000. New stock
red stock (authorized is me to be $500,000, par $100) in exchange for for $1,929,000 was sold in July, 1893, for third cable, Nova Scotia to
an amount of common equal to their subscription. Proceeds of the Ireland, completed in August, 1894. No bonded debt Sept., 1894.
bonds to be used to liquidate the floating debt of $360,000. V. 59, p.
D ividen ds .—In 1889, l 1 p. 0.; in 1890, 6 per cent; in 1891, 7 ;
^
780. N. Y. Office, 45 Wall Street.
in 1892, 7 ; in 1893, 7 p 0.; in 1894, Jan., 1% p. o.; April, 1% p. o.; July*
Colorado F u el Sc I*-on .—Organization and P r o pe r ty .—A 1% p. 0.; Oot., 1% p. c.
Colorado corporation formed in October, 1892, by consolidation
E arnings .—In 1893 gross, $1,842,346, against $1,890,377 in 1892 ;
[V. 55, p. 373, 639,] of the Colorado Fuel and the Colorado Coal & Iron net, $1,057,746, against $1,099,588 in 1892. Mr. J. W. Maokay, Presi
Cos., the former controlling the Grand River Coal & Coke and the Denver dent, 1 Broadway, New York.—(V. 54, p. 5 2 5 ; V. 56, p. 501; V. 57, p ,
Fuel companies and the Huerfano Land Association. It thus became 218, 255,1038.)
the owner of the following properties; 69,000 acres of land, containing,
It was claimed, 400,000,000 tons of proved coal deposits, including steam,
Comstock Tunnel Co.—
Owns Sutro Tunnel on Comstock Lode for
domestic coking, gas, smithing and anthracite coal; 800 coke ovens; facilitating gold and silver mining operations and has contracts with
15 coal mines, with daily capacity of 12,000 tons of all kinds of coa l; mining companies for royalty at rate of 4 per cent on bullion yield
steel works at Bessemer, including 3 blast furnaces, capacity 350 tons at market price in gold. Stock, $4,000,000 (par, $2-00). Interest paid
pig iron per day; rail mill, capacity 500 tons per day; bar mill; pipe on incomes Nov. 1,1892,1*2 per cen t; none since.
plant, 30 tons per day; iron mines; coal lands leased, 3,670 acres;
In November, 1894, the oompany was proposing to issue 6 p. c. notea
town lots owned, 593; and cash and convertible assets in excess of to provide a bond for the release of income now held under attach
liabilities June 30,1893; $1,543,716. Application to N. Y. Stock Ex ments. See V. 59, p. 879.
change with balance sheet on Nov. 1,1892, was in Y. 55, p. 1040. Cash
and convertible assets in excess of liabilities June 30, 1894, $1,345,A nnual R eport .—Report for year ending August 31.1893, was in V .
729, including $669,585 of stocks and supplies on hand.
57, p. 637, showing royalty received $48,443 (against $71,401 in
1891-92); other earnings, $10,903; miscellaneous receipts, $9,154 ;
Stock.—The authorized capital stock is $2,000,000 of 8 per cent
Disbursements—Oper
cumulative preferred stock and $11,000,000 common stock. Of the back royalty, $8,070; total receipts, $76,570. paid, $26,365; deficit
ating, etc.,
$95,024; bond
common $1,750,000 remains in the treasury. Pref. stock “ dividend for 1892-93, expenses,against deficit of interest in 1891-92. New York
$44,819,
$25,615
scrip” outstanding July 1,1894, $159,616.
office, No. 115 Broadway. (V. 55, p. 5 9 9 ; V. 57,p. 637; V. 58, p. 430;
B onds .—The consolidated company assumed the bonds of the Colo V. 59, p. 879.)
rado Coal & Iron, the Colorado Fuel and the Denver Fuel Company,
Consol. Electric Light.—
See S upplement January, 1893.
and has executed a general mortgage for $6,000,000 covering its
entire property, $4,194,000 bonds secured by which were reserved
Consolidated Gas of New York.—
This company was organized
to retire the prior bonds at or before maturity. Of the $1,806,000 bonds
available for other purposes $1,000,000 will be sold to pay off time November 11, 1884, under chapter 367, laws of New York, 1884. The
loans made to secure working capital after reorganization. The annual companies merged in it were the New York Gaslight, the Municipal Gas
sinking fund for the consols is 2 cents per ton of coal and 5 cents per light, the Metropolitan Gaslight, the Manhattan Gaslight, the Knicker
ton of iron mined, the consols being subject to call for redemption from bocker Gaslight and the Harlem Gaslight. The total stock was $39,078,000, of which $3,647,940 was reserved for working capital and for
this sinking fund (but not otherwise) on any interest date at 105.
In August, 1894, no generals had been sold, but loans for $906,648 indebtedness of old companies. Dividends, formerly 6 per cent per an
num, were in June, 1893, increased to 8 per oen (2 per cent quarterly).
were secured by these bonds.
148
m VEfeTOßS’
SUPPLEMEiVi
[Vol. L1X,
Subscribers will confer a great favor by giving immediate notice of any error discover«
in these Tables
Bonds—Prlnci
MISCELLANEOUS.
INTEEEST OE DIVIDENDS.
Date Size, or
Amount Pate Per When Where Payable, and by pal, When Due.
For explanation of column headings, &c., see notice on of
Par
Stocks—Last
Bonds Value. Outstanding Cent. Payable
first page of tables.
Whom
Dividend.
<Jonsol. Kan. City Smelt'g tSBefin’g—St'k ($2,500,000) com.
1st M., gold, subject to call at 105 after May 1 ,1 89 5 ..o*
Consolidation Com o f Maryland—Stock..............................
1st mortgage, convertible into stock at p a r ..,..............c
Denver Oity^Oable—1st mortgage, gold...................... o*&r
_
Denver City Water—General M. for $7,000,000 gold_ o*
Denver Consolidated Gas—Stock..........................................
1st mortgage, gold (see remarks)................................. o*
Denver Consolidated Tramway—Denver Tram. 1st M., g..
Denver Tram. Consol, mort., for $2,000,000, gold.. ,o*<fcr
Met. St. EE. Co. IstM. for $1,000,000 ($20,000 p.m.)g.gu.
Consol, mortgage for $4,000,000, gold
................... e*
D enver TTnion Water Co.—1st mortgage, $8,000,000........
D etroit Cos—Underlying bonds.............................................
Consol. 1st mortgage for $4,500,000, gold................ o<
fer
Coupon funding bonds........................................................
Detroit Mack. < Marquette R.B.—Land M, (ino.) red.at 100.r
&
Diamond Match.—Stock—Listed in February,1893...........
Distilling < Cattle Feeding- Stock................... ....................
6
1st M „ $8,000,000, g., subject to call at par in 1903..o*
JEdison Electric Illum inating o f Brooklyn—Stock.............
1st M. ($2,500,000),g.sub.to call 110aft.0c.l,1900.. o*&r
Edison Electric Illum inating o f New York—Stock...........
IstM ($5,000,000)g.,conv.,red.atll0aft.8ept.l,1900.c
Equitable Gas Light Co. o f New York—Stock.....................
First mortgage...............................................................
Consolidated mortgage for $4,000,000, gold................. c
1890
1872
1888
1890
1891
1888
1890
1891
1893
1894
1893
1894
1881
1893
1890
1890
1892
$25
1,000
1,000
100
100
1,000
100
1,000
100
1,000
100
1,000
1,000
Consolidated Kansas City Smelting & Refining.—
Incor
porated in 1887 under laws of New York, and owns extensive works at
Argentine, a suburb of Kansas City for smelting and refining gold, lead,
silver and copper ores. Also has smelting works near El Paso, Texas,
and Leadville, Colorado. In Mexioo it owns three valuable mining
properties. Dividends from August 1,1887, to February, 1892, both
Inclusive, at rate of 10 per cent per annum in cash? and in 1892 12*2
per cent also in stock to represent earnings spent in improvements; in
March, 1893,10 per cent in stock. Preferred 7 per cent cumulative
stock for $1,000,000 authorized in January, 1894, has prior lien on
assets and earnings; $300,000 issued to Aug. 1,1894. In 1892 net
earnings were $244,000. Mr. N. Witherill, Vice-President, 20 Nassau
•Street, N. Y. City. V. 56, p. 403.
C o n s o lid a t io n C o a l.—Eeport for 1893 was in V. 58, p. 344. Coal
mined in 1893, 907,559 tons, against 938,695 in 1892.
The gross receipts from mines, railroads, rents,
1892.
1893.
&o. (including value of stock of cowl on hand) .$2,424,994 $2,377,527
$368,508
Net receipts................................ .......................... $354,217
The interest in 1893 took $116,900; balance, surplus, for dividends,
$251,608. Baltimore & Ohio Railroad owns $3,810,000 stock.
This company guarantees $1,000,000 bonds of the Cumberland &
Pennsylvania BE., whose stock it owns. Dividends since 1883: for
1884 and 1885,1; for 1886, %; for 1887,
for 1888, 2H; from 1889
to Feb., 1894, inclusive, 2 p. o. yearly. (V. 56, p. 3 7 3 ; V. 58, p. 3 4 4 .)
telawaie Division Canal.— L eh igh Co al & N a v ig a tio n .
See
Denver City Cable.—
Owns an extensive system of cable lines in
Denver, Col., and has the exclusive right to operate horse railways in
’thatoity till 1902. On November 10,1893, George E. Eandolph and
Cornelius S. Sweetland appointed receivers. Reorganization plan of May
1 , 1894. See S upplem en t of September, 1894.
B eo rganization Com m ittee .—F. W. Boebling, C. S. Sweetland, B. FYaughan, H. St. John Smith, G. E. Taintor, Chairman, 11 Wall St., N. YForeclosure sale has been ask« d for by Cent. Trust Co. of N v ., Trustee •
— (V. 54, p. 203; V. 57, p. 808; V. 58, p. 941; V. 59, p. 472.
Denver City Water.— u p . Jan., ’93, and V. 57, p. 105; V. 58, p. 636.
S
Denver Consolidated Gas Co.—
OrganizedNov. 16,1891, to take
«over the old gas company in Denver, Col. Capital stock, $1,500,000.
Mortgage covers all the corporate property, which includes valuable real
«estate in Denver. The bonds are subject to redemption at 105 and
Interest in case of any sale of property under the mortgage. In 1893
gold debenture 6s for $115,000 were issued, payable April 1,1899, but
redeemable at par after April 1.1895. Interest A. and O. at Maitland,
Phelps & Co., New York. Dividends from April, 1892, to July, 1893,
inclusive, 4 p. c. per an., quarterly; in Nov., 1 p. o.: in 1894, Feb., 1 per
cent; none since. Gross earnings in year 1893, $311,570; net, $173,315;
taxes, $6,838; interest, etc., $103,161; balance, surplus, $63,316.
In 1892 gross, $378,685; net, $197,211. J. B. Grant, Denver. Pres.
Denver Consolidated Tramway.—
Consolidation in 1893 of
Denver Tramway and Metropolitan St. EE. Co. Owns 18 miles of cable
road and 35 miles of electric railway in the city of Denver, Col.
Capital stock, $3,000,000; par, $100; dividend of 1 p. c. was paid in
dan., 1894. The consolidated mortgage of 1893 is for $4,000,000, of
which $2,670,000 reserved to retire prior liens (see table), and $800,■000 were to fund floating debt and balance for improvement. Full
abstract of the consol, mortgage of 1890 was in V. 52, p. 354. From
January 1 to March 31, 1894 (3 months), gross, $162,107, against
223,518 in 1893; net. $57,000, against $54.966. surplus over charges,
3,915, against $14,044 in 1893. For year 1893 gross earnings of both
«companies were $861,509; net, $273,240: other income, $8,805;
interest on bonds, $158,905; balance, surplus, $123,140. Office,
Denver, Col. (Y. 55, p. 1036.)
Denver Union Water Co.— consolidation in 1894 of the
A
D enver Water Company and the Citizens’ Water Co. Controls the
water supply of the city of Denver, Col., and vicinity. Capital stock
is $5,000,000 common and $2,500,000 of 5 p. c. non-cumulative pre
ferred . Bonds for $7,000,000 were issued to pay for property and re
tire all bonds of old companies which were sold under foreclosure. (V.
59, p. 738.)
Detroit Gas.—
Organized in November, 1892, to control all the gas
properties in Detroit, Mich. See application to N. Y. Stock Exchange
an V. 56, p. 672. Stock, $4,000,000; par, $50. $500,000 of the $4,500,000 consol. 1st mort. bonds are retained in the trustee’s hands; only
$4,000,000 o f bonds issued on present property. Three coupons, Aug.,
1894, to Feb., 1896,incl., funded into 10-year 5p.c. bonds. (V. 57, p. 808.)
Detroit Mackinac Sc Marquette Land Grant Ronds.—
Owns
about 1,300,000 acres of land in Northern Michigan, along the line of
the Detroit Mackinac & Marquette EE. Lands are free from taxation
till 1898. Of the total issue of $4,560,000 bonds, $1,442,000 had been
urchased and canceled prior to Jan. 1,1894, at prices ranging from
9 to 39*2 per cent. In October, 1892,2 per cent interest was paid;
in 1893, 2 p. c.; in 1894, April, 1 p. c.; Oct., 1 p. c., at Central Trust Co.,
2tf. Y. V. 55, p. 589. James McMillan, Detroit, President.
Detroit Union R R . Depot.—
See Supplem ent , January, 1893.
Diamond Matek«—Org an ization , etc .—Organized in 1889
under laws of Illinois. Owns factories at Boston, Mass., Akron, O.,
St. Louis, Mo., Detroit, Mich., etc., nine places in a ll; also store prop
erties at Baltimore and Philadelphia, and saw mills at Ontonagon,
Mich., with extensive pine stumpage tributary thereto.
Sto c k .—Increase from $7,500,000 to $9,000,000 was made in March,
1893, to pay for new plant, etc.
D ivid en ds .—In 1893,10 p. c.; in 1894, March, 21 p. c.; June, 2*2 p. c;
a
Sept., 2*2 p. o.; Dec., 2*2 p. c.
J
f
$2,800,000 See text.
N. Y. Of., 20 Nassau St.
1, 000,000
6 g. M. & N. N. Y., Of. 20 Nassau st.
10,250,000 See text. Yearly. N. Y.,Co.’s Of.,71 B’-way.
1,100,000
6 J. & J.
do
do
3.581.000
6 g. J. & J. July, ’93, coup, last pd.
1.288.000
See text.
5 g- M. & N. In default—
1.500.000 See text. See text N.Y.,Maitland, P. & Co.
100 < c.
&
1.500.000
6 S J. & J. N. Y.,Atlantic Trust Co.
1,000
498.000
6 g. J. & J. N. Y ., Mercantile Tr. Co.
1,000
1.219.000
do
do
6 g. J. & J.
1,000
953.000
J. & J.
do
do
1,000
850.000
A. & O. New York and Denver.
7.000.
000 i g-
1,000
100
1,000
1,000
1,000
100
000
2 . 000 .
2, 000,000
(1
)
T*
1.000.000
6
3.118.000
7
9.000. 000 See text.
35,000,000 See text.
1.000.000
6 g.
3.000.
000 text.
See
500.000
5 g.
7.938.000 See text.
4.312.000
5 g4.000.
000 text.
See
2, 000,000
5 g.
F. & A.
See text
&O
.
See text
M
.
—
J.
Peoria, 111.
& D. N. Y., Central Trust Co.
—
J.
Brooklyn,
do
&O
.
— N.Y., Of.Pearl cor. Elm.
F.
& S.
,—J.
& A.
& S,
N.Y.jGuar. & Indem.Co,
N. Y., Office, 340 3d Av.
N. Y., Central Trust Co,
N. Y., Central Trust Co,
Moh. 1, 1893
May 1, 1900
Feb. 1, 1894
Jan. 1, 1897
Jan. 1, 1908
Nov. 1, 1910
Feb. 15.1894
Nov. 16,1911
July 1, 1908
Jan. 1, 1910
Jan. 1, 1911
Oot. 1, 1933
1914
Feb. 1, 1918
1904
Oct. 1, 1911
Dec. 12,1894
See text.
June 1, 1913
Oct. 15, 1894
Oct. 1, 1940
Nov. 1, 1894
Moh. 1, 1910
Oct. 15, 1894
Aug. 1, 1899
Moh. 1, 1932
A nnual E epo r t .—Fiscal year ends Dec. 31. Eeport for 1893 in V.
58, p. 389, showed net earnings, $1,359,577, agst. $1,050,979 in 1892.
balance sheet d e c . 31, 1893.
Beal est., mach’y, etc.. $6,890,914 Capital stock.............. $9,000,000
Bills & acots.receiv’ble
860,748 Accounts payable......
256,447
Cash.............................
234,823 Surplus Dec. 31,1893. 1,471,679
Matches,raw mat’l,&c. 1,496,079
Pine lands and logs... 1,245,562
Total liabilities___ ..$10,728,126
Total assets........ ...$10,728,126
D ire ctors .—O. C. Barber (President), J. Hopkins, W. H. Moore, G.
T. Smith, J. K. Eobinson (Treasurer). Main office, Chicago. New York
office, 88 Hudson Street. (Y. 56, p. 2 4 5 ,4 0 3 ; V. 58, p. 389.)
Distilling & Cattle Deeding.—
This company, incorporated un
der the laws of Hlinois, held Mar. 31,1893, distilleries as fellow s: In
Illinois, 31 (of these 8 in Chicago and 14 in Peoria); Ohio, 16 (of these
8 in Cincinnati); Indiana, 11; Missouri, 8; Wisconsin, 2; Minnesota, 1;
Kentucky, 7; Nebraska, 3 ; Iowa, 1; New York, 2; California, 2 ; total
distilleries, April 1,1893, 84. Also one alchohol works in Illinois and
3 in Iowa. Stock listed on N. Y. Stock Exchange in September, 1890.
D ividen ds .—In 1890 paid 3 per cent; in 1891, 5 p. c.; in 1892, 3*2
p. c.; in 1893, January, l ^ per cen t; none since.
G en e r a l F inances .—April 1,1894, liabilities w ere: Rebates due the
trade, $1,860,525; balance due on the four distilleries last purchased,
$127,000; bills payable, $300,000; accrued interest, $20,000; ground
rent, $35,000; total, $2,007,525. In May, 1893, $8,000,000 o f 6 per
cent bonds were authorized for funding floating debt and to enable
company to do its own distributing business. Mortgage trustee is the
Central Trust Co. of N. Y. After 10 years bonds can be drawn by lot
at par.
In 1893-94 $1,000,000 of bonds were sold and $2,500,000 placed
with trustee to secure outstanding rebates.
In September, 1894, Martin E. Cook, 144 Franklin St., N. Y., Henry
E. G. Luyties, 204 William St., N. Y., and S. M. Eice, 56 New St., N. Y.,
were appointed a committee to protect the interests of holders of
rebate vouchers. V. 59, p. 472. Practice of issuing rebate vouchers
was discontinued Oct. 4,1894. V. 59, p. 600.
A nnual R epo rt .—Fiscal year ends March 31. Report for 1893-94
in V. 58, p. 715, shows as fellow s:
Year ending March 31—
1892.
1893.
1894.
Earnings from business..............$2,466,086 $2,281,375
$980,186
Contracts, rents and interest.......
193,660
151,313
106,716
Total earnings.....................
$2,659,746 $2,432,688 $1,086,902
Expenses paid................................
442,306
392,159
329,958
Interest on bonds............. ................................
............
30,000
Dividends paid..................
1,890,698
875,000
Balance, surplus..................... $326,743 $1,165,529
$726,944
Cash and cash assets April 1..........................
3,188,809 3,272,339
Liabilities—rebates, bills payable, e t c ..........
3,068*287 2,007,525
Sales of the company’ s product, during last four fiscal years, w ere;
gales for fiscal year.
Gallons.
Sales for fiscal year.
Gallons.
1889-90...........................40,832,220 189192...........
.45,661,717
j890-91...........................44,738,171 1892-9 3 ... .................. .45,087,634
D irectors and Officers .—Directors are, for one year, P. J. Hennessy,
Nelson Morris; two years, William N. Hobart, Lewis H. Greene, John E.
Beggs; three years, Joseph B. Greenhut, J. Walter Freiberg. President,
J. B. Greenhut; Treasurer, Wm. N. Hobart; Secretary, P. J. Hennessy.
Office, Peoria, 111. (V. 56, p. 205, 463, 6 2 1 , 834, 886, 923, 973, 1014 ;
V. 57, p. 144; V. 58, p. 682, 7 1 5 ; V. 59, p. 472, 600.)
Edison Electric Illuminating of Rrooklyn.—
Stock and
bonds listed on N. Y. Exchange in September, 1892. see adv. Ch ro n
icle of March 12,1892. Sto c k increased from $1,500,000 to $2,500,000 in March, 1893, and to $3,000,000 in April, 1894, to extend the
system, $125,000 new stock to be held in the treasury for future
needs. V. 58, p. 682. D ividends —From June, 1891, to Nov., 1892, 4
per cent per annum; in 1893,5 per cent; in 1894, Jan., H i p. o.; April,
1*3 p. o.; July, 1*2 p. c.; Oct., 1*2 p. c. Mortg ag e —Trustee Franklin
Trust Co.
E arnings .—10 months,) 1894, gross, $320,795; net, $133,265.
Jan. 1 to Oct. 31,
) 1893, gross, $245,004; net, $100,492.
For year ending Deo. 31,1893, gross, $347,919, against $250,681 in
1892; net, $169,069, against $110,397 in 1892. Office —Brooklyn.
—(V. 55, p. 551; V. 56, p. 625; Y. 57, p. 179; V. 58, p. 682, 816.
Edison Electric Illuminating Co. of New York.—
Operates
under the Edison patents in N. Y. City. On Oot. 31,1894. its incan
descent .lamps numbered 218,365, against 171,685 in 1893; its arc
lamps 2,939, against 2,369 in 1893; its motors, horse power, 7,293,
against 5,272 in 1893.
Stock .—Increase to $10,000,000 was voted in March, 1893, and in
June, 1893, $750,000 of this was sold and $088,000 was issued in
exchange for bonds. (V. 56, p. 463,538.) Listed in N. Y. in May, 1889.
D ividen ds .—From 1885 to 1891, both inclusive, 4 per cent per annum;
in 1892, 5 per cent; 1893, February, 11* per cent; in May increased to
1*2 per cent quarterly; in August paid l^g per cent; Nov., 1 ^ P- c.; in
1894, Feb., l 1 per cent; May, 1^2 per cent; Aug., l ^ p. c . ; Nov., 1*2
^
p. c .; in 1887 an extra dividend of 7 p. c. and in 1891 of 5 p. c. paid in
scrip.
B onds.—Mortgage trustee is the Central Trust Company. See terms
of convertibility in Supplement for January, 1894. The issue of
$1,750,000 additional bonds was authorized in November, 1893.
N o v e m b e r , 1894.]
MISCELLANEOUS
STOCKS
AND
BONDS.
14»
Subscribers will confer a great favor by giving immediate notice o f any error discovered in tbese Tables.
Bonds—Prinol
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
Date Size, or
pal, When Due.
Amount
Par Outstanding Rate Per When Where Payable, and by Slocks—Last
of
For explanation of column headings, &c., see notes on
Bonds Value.
Cent. Payable
Whom.
first page of tables.
Dividend.
E rie Telegraph dt Telephone—Stock ($5,000,000)................
Collat. tr. gold bonds, ($500,000) s. f., not subj. to call..
do
do
($1,000,000)..................................
Fort 81. Union Depot (Detroit) 1st mortgage, gold..........o '
General Electric—Common stock..........................................
Pref. stock 7 per cent cum. (not pref. as to assets).........
Debentures, gold, convertible......................................... c
T. H. El. col. tr., g., red. a tl05 in ’99......................., ......c
Gtrard Point Storage—1st M., gu. p. <fci. Pa. R R ............... r
Henderson Bridge Oo.—1st M., gold, drawn at 105........c"
Herring-Hall-Marvin—Common stock................................
Preferred stock 8 per cent cumulative............................
Illinois Steel—Stock, $50,000,000 authorized.....................
Debentures, subj’t to call at 105, convert’le into st’k...c*
Non-convertible debentures for $7,000,000, A < B....C*
fe
Mortgage on railroad rolling stock..................................
Interior Conduit—Stock.............................................. .........
Iron Steamboat Company—S tock ........................................
1st mortgage for $500,000.................................................
Keokuk < Hamilton Bridge Oo.—1st mortgage...... ......... c
6
Laclede Gas Light—Stock ($2,500,000 is prf.5 p.c.cum.).. .c
1st mortgage, gold...........................................................o‘
L. Superior Consol. Iron Mines—1st M., $10,000,000, g.c*
Leavenworth Terminal By. < Bridge—1st M., gold............
k
Lehigh Coal <t Navigation—
Stock.........................................
1st M., canal, 6,030 acres coal and76 m. L. & S. RR. ..r
$100
1893
1,000
1894 5 00,etc
1,000
1891
100
100
1892
1,000
1,000
1889
1,000
1890
1,000
1881
100
100
100
1,000
1890
1893 500 &c.
1894
100
100
500
1881
1,000
1869
100
1889 100 «fee.
1,000
1893
1,000
1893
50
1864 Various
G en eral F inances .—On January 1, 1894, there were about $400,000 liabilities in connection with the purchase in 1892 of large in
terests in the Harlem and Manhattan electric companies. About
$600,000 Manhattan bonds are held for improvements to be made to
that plant when deemed advisable.
E arnings .—10 months,) 1894, gross, $1,090,112; net, $536,491.
Jan. 1 to Oct. 31,
S1893, gross, $956,667; net, $441,124.
A nnual R epo rt .—Year ends Dec. 31. For 1893 full statement was
in V. 58, p. 126, showing gross earnings $1,193,339; other income.
$52,186: net applicable to interest ana dividends $605,642, against
$475,138 in 1892. Spencer Trask, Pres. General Office, Pearl St.,
cor. Elm S t—(V. 55, p. 256, 639, 723; V. 56, p. 125,165,463.538,668,
700, 886; V. 57, p. 22,179, 763, 893,1039; V. 58, p. 1 26, 556, 636.)
$4,800,000 4 per an.
300.000
*
Î
500.000
1 , 000,000
41
ag.
30,460,000 See text.
4.252.000 7 per an.
10.
000,000
5 g.
500.000
5 g.
2.394.000
3ia
1.749.000
6 g.
1.500.000 See text.
1.800.000 8 per an.
18,650,635 See text.
5
6 , 200,000
7.000.
000 5
1.900.000
6
1.250.000
2.000.
000 text.
See
6
443.000
1,000,000
8
10,000,000 See text.
10 ,000,000
5 g.
1.500.000
6 g600.000
5 g.
14,366,650 See text.
5,000,000
4ia
Co.’s Of., Lowell, Mass.
Bost. SafeDep. &Tr. Co.
Boston, Old Colony Tr.
N. Y. Central Trust Co.
Cos.Of., N. Y. < Boston.
fc
See text.
N.Y.Gu.«feInd.Co.<& Bos.
N.Y., Holland Trust Co.
Phila., 233 So. 4th St.
N. Y., 120 Broadway.
N. Y., by check,
Q.— .
M
do
do
N.Y.jMetropolitanTr.Co
J. & J. N. Y., Cuyler, M. & Co,
A. & O.
do
do
Nov. 19,1894
Jan. 1, 1903
1909
Jan. 1, 1941
See text.
July 1, 1893
June 1, 1922
July 1, 1919
Apr. 1, 1940
Sept. 1. 1931
June10,1893
See text.
Apr. 1, 1893
Jan. 1, 1910
Apr. 1, 1913
See text.
N. Y., Pier 1, North Riv.
N. Y., First Nat. Bank.
See text.
N. Y.,H.B.Hollins; St.L.
do
do
N.Y., Farmers’ L.&T.CO.
N. Y., Central Trust Co.
Philadelphia, Office,
do
do
Oct., 1892
July 1, 1901
Apr. 1, 1899
Dec. 15,1894
May 1, 1919
Sept. 1, 1903
Jan. 1, 1923
Nov. 2 7 ,18 9 4
July 1, 1914
Q .-F .
J. & J.
A. & O.
J. & J.
Q .-F .
J. & J.
J. & D.
J. & J.
A. & O.
M. < S.
fe
Ann.
J. & J.
A. & O.
See text
Q.—F.
M. & S.
J. « s J.
S
M. & N.
Q.—J.
was charged to “ profit and loss ” for decrease in value of securities p
.
plants, patents, etc., leaving a debit to account of profit and loss o f
$12,454,967.
D irectors for the year 1893-94: H. McK. Twombly, Oliver Ames, 2d ?
C. H. Coster, C. A. Coffin, T. Jefferson -Coolldge, Jr., T. A. Edison.
F. S. Hastings, H. L. Higginson, Eugene Griffin, D. O. Mills, J. Pierpon t
Morgan, Robert Treat Paine, 2d; Gordon Abbott. President, C. A.
Coffin; Treasurer, B. F. Peach, Jr., Boston; Secretary, M. F. Westover;.
office, Schenectady, N. Y.—(V. 56, p. 621, 6 2 5 , 668, 792, 886; V. 57,
p. 22,144, 217, 298, 422, 722, 893, 979, 1039, 1122; V. 58, p. 42, 178,
305, 594, 6 0 0 , 636, 866, 902; V. 59, p. 472, 835.)
Gold & Stock Telegraph Co.— W estern U nion T e l e g r a p h .
See
enderson Bridge Co.—
Owns bridge across Ohio R. at Hender
Edison General Electric.— the G e n eral E lectric Co .
See
son, Ky., and 10 miles of road. Stock is $1,000,000 (par, $100), o f
Equitable Gas Light.— Supplement of Jan., 1893. V. 56, p- which the Louisville & Nashville Co. holds $501,000; the Bridge Co.,
See
887. Dividends formerly 8 per cent yearly w ere: In 1893, April, 3 is guaranteed gross receipts of $200,000 per year by the several roads
p. e.; July, 3 p. c.; Oct., 3 p. c.; in 1894, Jan., 3 p. c.; April, 3 p. c.; July, using it and dividends of 2*2 p. c. are paid each F. & A. $220,000
bonds retired were in sinking fund in January, 1894. (Y. 57, p. 375 :
3 p. c.; Oct., 3 p. c.
V. 59, p. 290.)
Erie Telegraph & Telephone Co.— rganization —Owns 65 per
O
cent of the Cleveland Telephone Co.. 70 per cent of the Northwestern
Herring-Hall-Marvln Company.—Org an ization , P r o p e r t t ,
Telephone Exchange Co., and 70 per cent of the Southwestern Tele etc .—Organized in 1892, to manufacture fire and burglar-proof safes
graph & Telephone Co., operating in the States of Ohio, Minnesota, and vaults. See advertisement in Chronicle of May 14,1892.
North and South Dakota, Texas and Arkansas, under licenses from
Sto ck .—Preferred has preference to assets as Well as incom e. Com
Am. Bell Telephone Co. On Sept. 30, 1894, these had 15,801 sub mon is “ entitled to the surplus earnings, w hen declared in dividends,
scribers in over 237 cities and towns, and 5,000 miles of long-distance after the paym ent o f 8 per cent on the preferred.” No bon d or m ort
lines. Loans and bills payable April 1,1894, $140,000. Stock.—Capi gage can be created w ithout consent o f 90 per cent o f preferred.
tal stock was listed on N. Y. Stock Exchange in October, 1894—see ap
plication in full, V. 59, p. 701. B onds .—The coll, trusts of 1893 were ■D ividends on common: In 1893, June, 4 per cent. Dividend on pre
issued to purchase new stock of sub-companies. Of the $500,000 ferred due in June, 1894, was not paid.
authorized, $50,000 had been canceled and $150,000 were in treasury
A nnual R epo r t .—Report for 1892-93, with balance sheet of May 15,
March 31,1894. Coll, trusts of 1894 were authorized for extending 1893, was in Y. 57, p. 21.
lines, erecting buildings, etc. For the extension of their long distance
D irectors .—Edward C. Hall, President; John Farrel, Willis B.
metallic circuit $400,000 has been appropriated.
vin. Frank O. Herring, Wright D. Pownall, Richard T. Pullen, William
D ivid en ds since 1887—In 1888, 4 ; 1889, 3%; 1890,4; in 1891.4; H. Hall, Richard Dymond, Jos. Rawson, Jr., and W. S. Rowe, Cincinnati;
in 1892,4; in 1 893,4; in 1894, Feb., 1; May, 1 p. c.; Aug., 1 p. c.; Nov., J. H. Davis. Transfer office, Connor & Co., 71 Broadway. (V. 57. p. 21.i
1 p. c.
llinois S teel.—Organization —Formed May 1,1889, b y consolida
E arnings .—From Jan. 1 to Sept. 30 (9 mos.), 1894, Erie’ s proportion
tion of the Joliet Steel, Union Steel and North Chicago Rolling Mill»
of dividends, $179,080, against $176,340 in 1893; bal. surplus over See statement to Stock Exchange in March, 1894, V. 58, p. 514.
expenses ana dividends, $35,080, against $32,340 in 1893. Fiscal
Securities .—As to terms of convertible bonds of 1890, see Su p p l e
year will hereafter end Dec. 31 instead of March 31. For year
ending March 31, 1894, companies controlled had gross income, ment of March, 1893, on page 3. In 1893 $6 743,000 non-convertible
$1,009,733 (against $941,813 In 1892-93); surplus over dividends, debentures were issued for new mills, etc., and while any of these
$37,022. F ot the same period E. T. & T. Co. proportion of dividends, “ bonds remain unpaid, no mortgage shall hereafter be placed u pon
$235,270; dividends paid by Erie (4 per cent) $192,000; surplus, $43,- any of the property of this company.”
In 1894 a mortgage for $1,900,000 was issued on the rolling stock o f
270; expense account, $24,136; net surplus, $19,134, against $25,994
the company.
in 1892-93. Office, Lowell, Mass. V. 59, p. 6 i , 697, 701.
j
D ivid en ds .—For 1889, 4 per cen t; for 1890, 3 p. c. in cash, 5 in stoek
ort Street Union Depot (Detroit.)—
Owns depot property at De
troit, Mich., which is leased in perpetuity to the Wabash, the Flint for 1891 none; in 1893, March, $13*51 in scrip,and in April Sp.o.in cash.
& Pere Marquette, the Detroit Lansing & Northern and the Canadian
A nnual R eport .—Annual report for 1893 showed net income, $ ! , Pacific. The lease provides for the payment of a net rent which shall 214,695 (including $269,187 income from securities owned), against
be equivalent to all the annual charges and 5 per cent per annum upon $2,019,268 from operations of year 1892; interest on bonds, etc., $633,the total cost of all the property, to be paid by the lessees in monthly 128. Total deficit Deo. 31, 1893, after charging off $1,467,372 for
instalments. Stock, $1,000,000; par, #100. Dividends are paid A. & depreciation in value of material and improvements was $349,472, agst.
O. In 1893 paid 5 ^ p. c. Bonds listed in New York in May, 1893. In surplus Deo. 31,1892, of $536,331. In 1893 company received 1,283,1893 gross earnings were $114,409; net, $109,819; interest charges, 428 tons of raw material, against 3,604,964 tons m 1892, and shipped
$54,694; balance for dividends, $55,125. (V. 56, p. 887.)
422,784 tons of finished product, against 784,733 in 1892. Average
eneral Electric Company.— rganization , E tc .—Organized number of men employed per day, 4,264, against 8,208 in 1892.
O
under the laws of New York, Apr. 15,1892, and acquired practically
CONDENSED BALANCE SHEET DECEMBER 31, 1893.
all of the capital stocks of Edison Electric Light, Edison General Cap. stock outstand’ g.$18,650,635 Real estate, equipm’t,
Electric, Thomson-Houston Eleotrio and Thomson-Houston Interna 5 p. c. deb. bonds........ 6,200,000
etc., Jan. 1,1894....$17,256,422
tional Electric companies, it thus owns the Edison and other patents 5 p.o. deb.non-convert. 7,000,000 Materials,&o.,on hand. 5,496,365
for electric lighting in the United States and many foreign countries, Div. scrip., due 1913...
93,014 Cash on hand...............
559,300
and grants exclusive franchises for specified territories to local com Bills payable, since pd.
50,000 Bills receivable..........
740,335
panies whose apparatus it supplies, it also manufactures outfits for Acco’nts pay., since pd.
813,356 Accounts receivable.. 1,166,826
electric railways and all kinds of electrical supplies.
Reserve fu n d .............
331,171 Securities, etc............. 7,814,288
The total number of central station lighting companies using its ap Int. due Jan. 1, 1894,
Profit and loss, deficit.
349,472
paratus on January 31, 1894, was 1,479, supplying about 6,000 cus
since paid..................
155,000
tomers with 2,738,846 incandescent and about 129,289 arc lamps. Int. accrued, not due..
89,832
The electric railways equipped by it in Jan., 1894, were 541, against
435 in 1893 and 214 in 1892. As to adverse decision in Sept., ’94, in
Total liabilities.......$33,383,008
Total assets............. $33,383,008
‘ feeder and main ” patent case see V. 59, p. 472.
Office, Chicago. (V. 56, p. 2 8 7 ,4 0 2 ,4 1 9 ; V. 58, p. 476,512,514,636.>
Ca p it a l Sto ck .—The total authorized capital stock is $50,000,000,
of which $10,000,000 may be pref. 7 per cent cumulative, withoutInternational Ocean Telegraph.—See W estern U nion T el .
preference as to principal, but with same voting power as common.
Interior Conduit.—
Successor to the Interior Electrical Company;
See preferred certificate in editorial of May, 1893, Supplement
doing business in New York City. Balance sheet in December, 1892*
D iv id e n d s .—The General Electric on common stock paid in Aug., 1892. showed real estate, plant, etc., $331,960; patent account, $877,742;
2 p . c.; N ov.,2 ; in 1893, Feb., 2 ; May, 2 ; Aug., 2 p. c.; none since, cash and accounts receivable, $83,129; supplies, etc., $170,119; total*
January, 1894, dividend on preferred was not paid. See V. 57, p. 979 $1,462,951. Contra, stock, $1,250,000; mortgage on building, $75,000;
Bonds .—The debentures are all convertible into stock at the rate accounts, etc., payable, $83,864; profit and loss, $54,087; total, $1,462,o f $100 in stock for $120 in bonds. (See terms in Supplem ent of 951. Stock listed in Jan., 1893. On June 29,1894, a scrip dividend o f
March, 1893, on page 3; also V. 55, p. 146.) As to the Thomson- 5 per cent was declared. Office, 44 Broad St., N. Y.
Houston collateral trust bonds, see Supplem ent for January, 1893.
arvls-Conklln Mortgage Co.— V. 58, p. 512, 1109; V. 59.
See
G e n e r a l F inances .—In August, 1893, because of financial pressure,
p 116,334.
about $12,000,000 of miscellaneous securities were turned over to the
eokuk & Hamilton Bridge Co.—
Owns bridge across Missis
“ Street Ry. and Illuminating Properties,” organized to receive them,
sippi River at Keokuk, la., for railroads and foot passengers. The
for $4,050,000 in cash. The policy followed by the Edison and Thom railroad portion of the property was originally leased to four com
son-Houston companies, of accepting securities of local companies in panies, but only two companies now use it, these being the Toledo
payment for sales, has been discontinued, and sales are now made only Peoria < Western and the Wabash. Important suits are penaing against
fc
on a cash basis, or short credits to desirable customers.
the other lessee companies. Stock, $1,000,000; par, $100. Coupon»
A n n ual R e p o r t .—Fiscal year ends January 31. Annual meeting are in default, but mortgage has never been foreclosed, and part o f
will hereafter be held the second Tuesday in May. Report for 1893-94 overdue interest is paid as earnings permit. Theodore Gilman, Treas
was given in full in Y. 58, p. 600. The report shows that $14,587,466 urer, 62 Cedar Street, New York.
H
I
F
G
J
K
150
JLNTESTOKS’
SUPPLEMENT.
[Vol. LlX.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
. ______________ MISCELLANEOUS._________________
Bonds—Prlnoi
INTEREST OR DIVIDENDS.
Date Size, or
pal, When Due.
Amount
Eor explanation of column headings, &c., see notes on of
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
first page of tables.
Bonds Value.
Cent. Payable
Whom.
Dividend.
Lehigh Goal < Navigation—Concluded)—
6
1st mort., Leh. &Sus. RR.Mauch Chunk to Easton.......r 1867 Various $ 2,000,000
6
Q .-F .
Philadelphia Office.
Feb. 1, 1897
2d M. Can. Coal & RR. and 1st M. Nant. RR., gold........c* 1867 $500&c.
1,842,500
6 g. J. & D.
do
do
Deo. 15, 1897
Cons. 3d M. Canal, Coal & 122 m. RR.; 2d M. 26 m. RR.r 1871
1,000
2.466.000
7
J. & D.
do
do
June 1, 1911
General mortgage for $15,000,000, gold.......................r 1884
1,000
3.686.000
41
sg. Q.—F.
do
do
May 1, 1924
Delaware Div. Canal 1st M., see text,(ext’d in l8 7 8 )...o 1858
1,000
494.000
6
J. & J. Phila., 226 So. Third St. July 1, 1898
Lehigh< WUkesb’re Goal—Leh.Coal&Nav.M.,g., assumed. 1867 5Ó0&C.
&
500.000
6 «• J. & D. Phila., L.Coal & Nav. Co. Dec. 15, 1897
1 st gen. mort. sterling loan, sink, fund, drawn at 100..c 1874
£200
6
837.000
M. & N. New York and London. May 1, 1899
•Consolidated mortgage (see t e x t)..................................... 1875
1,000 11,500,000
7
Q .-M . New York and London. June 1, 1900
5s of 1912, cum. sinking fund (not dr.).............. .......... c 1888
1,000
5
2.872.000
M. & N. New York and London. Nov. 1, 1912
Income “ B ” bonds,not cumulative, held by Cent. N.J..
2.353.000
L ouisville Bridge Go.—Stock.............................................
100
Text. F. & A.
1.500.000
Louisville, Ky.
Aug., 1894
Lou. AJeffer. Br. Go.—1st M.,$5,000,000 end.C.C.C.&St.L. 1893
.......
4*2 g.
(?)
1943
Louisville By. Go.—Stock ($2,000,000 is pref. 5 p. c. cum.) ....
100
6,000,000 Pref. 5 A. & O. Louisville, Co.’s Office.
See text.
Bonds of old co’s (of which $1,000,000 payable in gold) ’ 64-88 50 &c.
1.400.000
6
Various N.Y. Cont.Nat.Bk.&Lou var. 1894-1909
Louisville Ry. consol, m., $6,000.000, g., listed in N.Y.c* 1890
1,000
4.600.000
5 g- J. & J. N.Y.,Seligman&Co.&Lo July 1, 1930
M adison Square Garden—1st mortgage, gold.................e* 1889
1,000
1.250.000
5 g. M. & N. N. Y., Merc. Trust Co. Nov. 1, 1919
2d mortgage, gold............................i.............................. 1891
500
750.000
6
M. & N. Nov.’93 co’p.pd. Feb.’94 Nov. 1, 1919
Mem. Beach Hotel < Land—Gen. M. for $1,500,000 gold.c* 1890 500 &c.
6
1.300.000 4 s- M. & N. N. Y., Corbin Bkg. Co. Nov. 1, 1940
Maryland Goal—Stock.........— ................. ... k.....................
100
1.876.000 See text. J. & J. New York, 1 B’dway. July 11,1894
1st M., drawn at 100 (s. f. has retired $173,000)........ c* __
1,000
77,000
7
M. & N.
do
do
Nov. 1, 1896
MaxwellLd. Gr.—Pr’rlienM.g.,red. at 100 (or 110 at mat.)c 1888
500
3.000.
000 6 g- J. & J. N.Y., Lond. & Ams’dam. Jan. 1, 1913
Metropolitan Tel. &Teleg. Go.—1st M., gold, s.f. (not dr’n) ,c<fcr 1888
1,000
1.961.000
5 g- M. & N. N. Y., 18 Cortlandt St. May 1, 1918
Mexican Telegraph—Stock.....................................................
100
2 . 000 .
000
10 per an Q .-J . N. Y., Office, 37 Wall St. Oct. 10,1894
Michigan < Pem nsular Oar—Common stock $3,000,000.
&
100
2 , 000,000 See text. A. & O. N.Y. Guar. & Indem. Co. Oct. 1, 1893
Preferred as to assets and dividends (8 p. c. gold, cum.)
100
5.000.
000 text. Q -M See
do
do
See text.
1st mortgage, gold..... .......... ............................ ..c*
1892
1,000
2.000.
000 5 g- M. & S.
do
do
Sept. 1, 1942
T aclede Gas L i g h t . —Org an ization .—Incorporated in l8 5 7 , and lands and from 10 cents for each ton of coal mined on property in
MJ in 1889 secured control of all the other gas companies in St. Louis. cluded in the first lien; no drawings. Real estate mortgage 6s,
Stock .—Preferred is 5 per cent cum ulative, and in March, 1894, there $137,313.
was l l 1 per cent o f accumulated dividends unpaid.
^
G e n eral F inances .—The Central of N. J. Jan. 1, 1894, owned
D ividends on P r e f e r r e d .—In 1892,5 p. c.; in 1893, March, liq p. c.; $2,353,000 of the incomes and $4,188,192 consol, mort. coupons
June, 1>4 p .c. Dec. 15,1893, 2*2 p. c. Div. changed to semi-annual. past due. Bills payable outstanding were $2,954,491; bills and ac
In 1894, June, 2 ^ per cent ; December, 3*2 per cent.
counts receivable $1,382,340. Lehigh Coal & Nav. bonds for $600,500
B onds .—Central Trust Co. is trustee under the mortgage. See ap due Sept. 1,1894, were paid at maturity.
plication to Stock Exchange in Y. 49, p. 657. There are $125,000 Caran n u a l R eport for 1893 (V. 58, p. 430) showed total receipts of
ondelet Gas 1st mortgage 6s.
$11,088,212, [against $6,506,821 in 1892]; net over operating expenses
and taxes, $ i, 435,630, (against $1 ,271 ,495 ) ; interest and sinking fund
E arnings .—J an. 1 to Oct. 3 1 ,189 4 (10 months), net $615,434, against
charges, $986,602; balance, surplus, $449,029, against $298,783 in
$5 88 ,7 9 3 in 1893.
1892, from which paid 7 per cent on consols owned by Central o f N. J.
A nnual R epo rt .—Statement for 1893.showed net earnings from gas —(V. 54, p. 4 0 5 , 683; V. 56, p, 42, 792, 8 8 6 ; V. 58, p. 430.)
$699,761; net from Carondelet, etc., $63,024; total, $762,785, against
$698,090 in 1892 and $582,460 in 1891. In 1892 the sales of gas were
Long Island Traction.—
See Str e et R a il w a y s in fron t o f this
929,611,400 cubic feet, against 851,110,200 in 1891 and 726,576,200 Supplem ent .
in 1890. New York office, 40 Wall St.—(V. 52, p. 718, 899, 939; Y. 56,
Louisville Bridge Co.—
Owns bridge 5,294 feet long over Ohio
1 2 6 ; V. 57, p. 144, 422; V. 58, p. 178.)
River at Louisville, Ky., and about 3 miles track additional in Louis
Lake Superior Consolidated Iron Mines.—
Incorporated in ville. Used by several railroads (Penna. RR., Louisv. New Albany &
1893, and owns or controls nearly all the important properties on the Chic., etc.), under contracts guaranteeing 8 p. c. dividends and opera
Missabe Range, Minnesota, including the Mountain Iron Co., Missabe ting expenses. Surplus earnings are paid back to roads using bridge.
Mt. Iron, Lone Jack, N. Y. & Missabe Iron, etc., and the Duluth Mis
Stock is $1,500,000. No bonds.
sabe & No. Ry., which see.
E arnings.—In year 1893 gross were $452,842; net, $325,350; sur
STOCK.—Auth., $30,000,000. Issued (Jan., 1894), about $25,000,000. plus over dividends, $205,350. President, C. H. Gibson, Louisville, Ky.
B onds .—First mortgage (Farmers’ L. & T. Co., trustee) for $10,000,Louisville Sc Jeffersonville Bridge.—
Incorporated June 27,
OOO provides for a sinking fund. “ Unless previously converted into 1892, to complete the new bridge at Louisville. The securities of the
stock,” bonds can be drawn at 105 after Sept. 1,1896.
old company have been retired. The Big Four and other roads are said
D ire ctors .—George D. Rogers, Fred. T. Gates, D. B. Searle, Edward to have contracted to use the bridge. Bridge nearly constructed was
S. Cary, George Elwood Murray, Lewis J. Merritt and Charles E. blown down in fall of 1893. See V. 57, p. 22. Samuel A. Muller, Pres.
Schelde. Pres., Fred. T. Gates; Secretary and Treas., Chas. E. Soheide. Secretary, Joseph W. Huffaker.
Louisville Ballway Co.— Kentucky company, owning all the
A
Leavenworth Terminal Railway < Bridge.—
fc
Owns high
way and railroad bridge (opened Jan. 1,1894), 1,110 feet long, over street railways in the city of Louisville and its suburbs, aggregating 145
Missouri River, at Leavenworth, Kan., and valuable terminal property miles of track, of which 90 miles operated by electricity,-the remainder
in that city. The mortgage contains a sinking fund provision. Chi by mules. The real estate of the company is valued at $750,000.
cago B. & Q. and Chicago R. I. & P. use the bridge at an annual rental
D ividen ds .—On common, none to Sept., 1894. On preferred in 1892
o f $18,000 each, under a 30-year contract from 1894.
5 p. c.; in 1893,5 p. c.; in 1894, April, 2 ^ p. c.; Oct., 2*2 p. c.
Lehigh Coal Sc Navigation.—Owns canal from Coalport to Eas E arnings .—For year 1893 total gross were $1,281,993; net over
ton, Penn., 48 miles, and leases Delaware Division Canal, 60 miles. oper. exp. and taxes, $512,840; surplus over fixed charges and divid
Also owns Lehigh & Susquehanna Railroad, Phillipsburg, N. J., to Union ends, $73,437. In 1892 gross, $1,270,827; net, $481,378. J. B. Speed,
Junction, Pa., 105 miles, with branches, 56 miles, and leases for 999 President.
years Nesquehoning Valley Railroad, 17 miles; Trescow Railroad, 7
miles; other lines, 17 m iles; total, 202 miles, of which 115 miles double M anhattan Beach Hotel Sc Land, ■See Supplem ent of Septomber, 1892.
track s; but all these roads are leased for 999 years from 1871 to Central
Maryland Coal Co.—
Controls 6,000 aores of land in Alleghany
•of New Jersey RR., rental being 33^ per cent of gross earnings, with a
and Garrett counties, Md. In 1893 produced 356,819 tons of coal,
minimum rental of $1,414,400; Delaware Div. Canal leased for 99 years
against 286,213 in 1892. Surplus earnings in 1893 over interest,
from 1866 at interest on the bonds and 4 p. c. on stock, paid as rental.
B onds .—In addition to the company’s bonds in the table are the fol etc., were $94,782, against $96,948 in 1892; dividends (5 per cent)
lowing assumed by other companies: By Cent. RR. of New Jersey, $94,180. As to old stock and exchange for new preferred see Su p p l e
$2,310,000 of the gold loan due 1897; by Lehigh & Wilkesbarre Coal ment of March, 1894. On new preferred in July, 1893, paid 2*a p.c.;
Co., $500,000 of the gold loan due 1897. The general mort. of 1884 (trus in 1894, Jan. 2% p. c.; July 1 p. c.—(V. 54, p. 3 6 4 ; Y. 56, p. 127, 2 4 5 .
tee, Fidelity Insurance Company of Phila.) covers, subj. to prior bonds, 246, 625; V. 58, p. 306.)
Maxwell Land Grant Company.—
Owns 1,714,764 acres in
7,460 acres coal land, 48 miles canal and 161 miles railroad, estimated
In 1884 as together worth $25,278,000; bonds are reserved to retire all Colorado and New Mexico, containing coal, timber and land fit for
;prior issues not assumed by other companies. Securities owned by com grazing and agricultural purposes. (See map in Supplem en t of March,
pany are put in balance sheet Jan. 1,1894, as equal to $3,973,194. 1889, and prior issues.) The prior lien bonds are payable at 110 at
Bills payable, $250,000; Central of N. J. loan account, $72,150; ground maturity, or redeemable at par from proceeds of land sales. In 1891
arents, mortgages, etc., $360,111.
interest was defaulted and is now paid with prior lien bonds, or cer
D ivid en ds since 1886—In 1887, 4 ; in 1888, 4*2; in 1 889,5; in tificates convertible into prior lien bonds. Stock, ¿6950,000. In 1890
1889
T.890,5; in 1891,5; in 1892,5^; in 1893,6 p. c.; in 1894, M a y ^ ^ p . 0.; land sales 18,409 acres, for $151,938; in 367.) sales 26,399 acres, for
about $170,818. (Y. 53, p. 223; V. 54, p.
Nov., 2 p. c. See V. 59, p. 835.
Metropolitan|St. By. Co.—
See Str e et R a il w a y s , in front o f
A nnual R eport .—Report for 1893 was in Chronicle , V. 58, p. 344.
this S upplem en t .)
In 1893 produced 1,445,341 tons coal, against 1,293,662 in 1892.
Tear ending Dec. 31.
1891.
1892.
1893.
Metropolitan Telephone Sc Telegraph Company.—
This
Prom railroads andNesque. Tunnel. $1,835,754 $1,745,474 $1,814,887 company has exclusive rights under a perpetual license from the
Canals......................................
38,161
31,344
16,987 American Bell Telephone Co. to the telephone business within the city
Net profit on Lehigh Coal...................
158,837
343,077
489.847 of New York and its suburbs, its territory having a radius of 33 miles
Royalty on coal mmed, &o.................
96,808
104,817
79,946 from the City Hall in all directions. Stock, $3,500,000 (par. $100).
Metropolitan Traction Co.— St r e e t R a il w a y s in fron t o f
See
Total receipts........................ .
$2,129,560 $2,224,711 $2,401,667 this SUPPLEMENT.
Interest, rentals, taxes, &o................ $1,147,223 $1,230,067 $1,230,631
Mexican Telegraph.—
Company organized in 1878 under laws o f
Less sink. fd. of 10 p.c. p. ton on coal.
96,790
99,857
108,450
York
Has a cable from
Vera Cruz,
Less deprec’n on coalimprov’m’ts,&c.
100,680
50,058
110,268 Newm iles;State. line, Vera Cruz toGalveston to Tampico andAlso direct
738
land
Mexico City, 267 miles.
cable from Galveston, Texas, to Coatzacoalcos, Mexico, 825 miles, dup
¡Surplus for year..........................
$784,867. $844,729 $952,318 licating the Mex. Tel. and Cen.
Am. Co.’s Gulf cable system. Has
dividends.............................................. (5)715,150(512)789065 (6)860,799 exclusive right for 50 years & So. all foreign telegrams to Mexico,
for
— (54, p. 3 6 4 , 3 3 0 ; V. 56, p. 3 3 0 , 700; V. 58, p. 3 4 4 ; V. 59, p. 835.)
except telegrams to and from a neutral zone on the United States
Lehigh Sc Wilkesbarre Coal.—Controlled by Central RR. of New border 156 miles wide, between the Gulf and Pacific Ocean. Owns
Jersey and owns 21,000 acres of anthracite coal lands and holds 3,000, 2,125 shares of the Central & So. Am. Telegraph
, which see.
additional acres under lease. It operates thirteen collieries and leases
D ividends —In 1882 to 1886, inclusive, 8 per cent yearly; from 1887
about 4,000 acres of its coal lands to various individuals, who operate
to Oct., 1894, both inclusive, at rate of 10 per cent per annum.
collieries thereon. Stock .—$10,000,000, of which $9,212,500 out
E arnings .—Est. surplus Mar. 31, 1894, $373,246. Gross earnings
standing, $6,600,000 o f this being owned by Central RR. of N. J.
B onds , E tc .—Of the consolidated mortgage seven per cent bonds only for year 1893, including income from investments, $354,481; net,
$258,971; dividends, $191,260; bah, sur., $67,711. In 1892 gross.
$54,000 are guaranteed by the Central RR. of N. J., the holders of the
other bonds having freed that company from liability therefor, on con $358,000; net, $279,000. J. A. Scrymser, President, 37 Wall St., N. Y .
Michigan-Peninsular Car Co. — Organ ization , E tc . —An
dition that it shall not collect interest on the $6,116,000 consols whicli
it holds prior to their maturity unless such interest is earned, this Illinois corporation formed in 1892 by consolidation of several Detroit
agreement being stamped on the bonds. The authorized issue of con companies, with an aggregate capacity of 100 freight cars a day.
sols is $15,000,000, but those unissued are in reality unavailable, since Business established in 1864. Stock and bonds listed in New York in
b y the terms of the agreement just mentioned they would not if issued January, 1893; see application in full in V 56, p. 208.
¡be entitled to stand ahead of the consols owned by the Central of N. J.
D ivid en ds .—On common in 1893, 8 p. c. On preferred, from Dec..
A sinking fund for bonds due zgis is provided from sales of surface 1892, to Sept., 1893, 2 p. c. quarterly; none since.
November, 1894.]
MISCELLANEOUS STOCKS AND BONDS.
151
Subscribers will confer a great favor by giving Immediate notlee of any error discovered In these Tables
MISCELLANEOUS.
first page of tables.
Bonus—ir*rmoi ■
INTEREST OR DIVIDENDS.
Date Size, or
pal, When Due.
Amount
of
Par
Outstanding Rate Per When Where Payable, and by Stocks—Last
Bonds Value.
Cent. Payable
Whom.
Dividend.
Minnesota Iron Co.—Stock..................................................
[$100 $16,500,000
National Lead Co.—Stock, common, $15,000,000 auth’d.
....
100 14,905,400
Preferred stock (7 per cent, cum.) $15,000,000 auth...
—
100 14,904,000
Debentures........................................................ ........ .
Nil June’94
National Linseed <?££^Stock..................................................
100 18,000,000
Debenture bonds, s. f.t purchased at par, gold........... o 1894
1,000
3,000,000
National Starch,—Lstpref. stock, cum. 8p. c. ($3,000,000).. . . . .
100
2,219,400
2d preference stock, cumulative, 12 p.cent ($2,500,000)
100
1,846,800
1st mortgage,(for $4,500,000), gold.......................
1890
1,000
3,837,000
New Central Coal—Stock............................................
100
5,000,000
New England Telephone < Telegraph—Stock..............
&
100 10,394,600
Bonds, 1st and 2d Series, each $500,000............. ..........| ’89-’90 1,000
1,000,000
Bonds, 3d Series, subject to call after April 1,1901,at 102 1891
1,000
500,000
Bonds, 4th Series,subject to call after April 1,1902,at 102 1892
1,000
500,000
Bonds,5th Series,subject to call after A.pril 1,1903,at 102 1893
1,000
200,000
Newport News Shipbuilding < D ry Dock.—1st m ort.. .e*<fer 1890
6
1,000
2,000,000
Chesapeake Dry Dock & Construction 1st mortgage___ 1887
1,000 *
600,000
New York Biscuit Company—Stock ($10,000,000)...........
100*1 W 9,000,000
First mort, gold, sinking fund, not subject to call___c&r 1891
1,000* 1,341,000
New York & East River Gas—Stock ($5,000,000 is pref.)
See text.
First mortgage ($3,500,000), gold................................. 0* 1894
1,000
3,228,000
N.Y.Mutual Tel.—Mutual Un.Tel. IstM ., g.,gu.,notdr’n .c 1881
1,000
1,957,000
New York < New Jersey Telephone—Stock, $3,500,000.
6
100
2,827,800
First mortgage, gold, red. in March, 1895,at option of Co 1885 lo o &c.
403,800
Gen. M .for$1,500,000, g.,s, f. $20,000y’rly,notdr’n..o* 1890
1,000
910,000
See text. Q .-J .
See text.
7 per an. Q .-M .
6
See text. Q.—F.
6 g. M. & S.
8 per an. M. & N.
12 per an J. & J.
6 g. M. & N.
See text. Yearly.
See text. Q.—F.
6
A. & O.
6
A. & O.
6
A. & O.
6
A. & O.
5
15J.&J.
5
J. & J.
See text. Quar.
6 g. jM. & S.
Chicago, Office.
N.Y. Cent. Tr. &St. Louis.
N. Y., Office, 1 B’way.
do
do
N. Y .,Cha se NationalBk.
New York Office.
Boston, 125 Milk St.
Boston.Bank of Repub.
do
do
do
do
do
do
® E. Gates, 35 Wall St.
do
do
Chicago, 111.
N. Y., Kountze Bros.
See text.
Dec. 31,1894
Dec. 15,1894
In 30 years
Aug. 1, 1891
Mch. 1, 1904
See text.
See text.
May 1, 1920
Jan. 24,1894
Nov. 15,1894
Apr. ’ 99-1900
Apr. 1, 1906
Apr. 1, 1907
Apr. 1, 1908
Apr. 15,1990
Apr. 15,1937
Apr. 1, 1893
Mch. 1, 1911
J. & J.
M. & N.
Q .-J .
M. & S.
M. & N.
N. Y., Guar. & Trust Co.
N. Y., West. Union Tel.
Brooklyn, 16 Smith St.
N. Y., Nat. Park Bank.
N. Y., Atlantic Tr. Co.
Jan. 1, 1944
May 1, 1911
Oct. 15, 1894
Mch., 1905
May 1, 1920
5 g.
6 g.
6 per an.
6
5 g.
N. Y., Mills Building.
N. Y., 1 Broadway!
do
do
N et E arnings .—For year ending Aug. 31, 1894, net earnings were
D ividends on preferred stock were paid in full until 1893, when the
$36,024; interest on firsts, $100,000; bal., deficit for year, $63,976. In dividend on the second preferred due July 1 was not paid because
1892-93 net, $866,691; surplus over int., div, on pref. and 8 p. c. on competition had been severe and trade ,dull. On first preferred n o
com „ |206,691. (V. 55, p. 86; V. 56, p. 165, 206; V. 57, p. 638; V. 59, dividend was paid in Nov., 1893. Common paid in 1891, March, 1 p. o
A nnual M eeting is held on first Wednesday in February.
Minnesota Iron Co.—
Owns about 14,270 acres of land and six
D irectors .—W.
iron mines in St. Louis and Lake counties, Minnesota; also $500,000 Chapin, Charles C. F. Piel, Jr., President; William Duryea, Chester W .
Bums, Secretary and Treasurer; David A. Geraty
stock, $400,000 1st mortgage bonds and $3,500,000 6 per cent income
K. O. Sherwood,
certificates of Duluth & Iron Range RR. Co.—which see. Also in June, John Duryea, Edgar E. Duryea, James B. Wright, Henry Willett H .
C. Coles, Albert Erkenbrecher, Clifford
R. Wood.
1893, owned eight large steel steamers costing over $1,600,000, etc. John G. Agar, Henry W. Piel, Louis T. Duryea, william F. Piel, Richard
D iv id e n d s .—In 18 90,3 per cent; in 1891, 6 ; in 1892, 6 ; in 1893 Johnson, A. R. Beardsley, Fred M. Gilbert, Chas. Lautz, F. C. M. Lautz.
January, l ^ ; April, lig p. c.; July, none, because of uncertainty pre New York office. No. 1 Broadway. (V. 54, p. 643; V. 56, p. 247,1015.)
vailing in iron industry. Offices, Mills Building, N. Y., and Chicago.
New Central Coal (Md.).—
The annual report for 1893, in V. 58,
Minneapolis Street Railway.—See T w in Cit y R a p id T ransit p. 177, showed 223,503 tons mined, against 201,428 tons in 1892; net
in St r e e t R a il w a y s , in front of this Supplement.
profits for year of $40,344, against $35,126 in 1892, and balance to
Ihfassau Electric R R .—
This company has obtained the franchises credit of profit and loss December 31, 1893, of $188,266. Dividends
J-v which were granted to Kings Co. Electric, Coney Island Fort Hamil since 1880—In 1881, 2 per cen t; in 1882 and 1883, n il; in 1884,1; in
ton & Brooklyn and Union Street roads. A mortgage for $6,000,000 1885, n il; from 1886 to 1888 inclusive, 1 per cent yearly; in 1 8 9 1 ,1 ;
in 1892, March, 1 per cent; in 1893, Feb., 1 per cen t; in 1894, Jan 1
was filed in April, 1894. V. 58, p. 716.
per cent. (V. 52, p. 2 0 2 ; V. 56, p. 2 4 5 ; V. 58, p. 177.)
National Cordage.— ee U nited States Cord ag e .
S
New England
Telegraph,—
This
National head Company.— rg an ization .—Organized under telephone business Telephone & Hampshire, Vermontcompany does a
O
in Maine, New
ana Massachu
the laws of New Jersey on Deo, 7,1891, as successor to the National setts under license from the American Bell Telephone Co. On January
Lead Trust. It controls 29 extensive plants in different States for the 1,1894, it had 21,648 subscribers (against 20,721 in 1893) and exchange
manufacture of white lead and other products. Only $302,000 certifi offices in 104 cities or villages.
cates of the old trust were outstanding December 31,1893.
Stocks and Bonds.—Stock $12,000,000. of which, on March 1 , 1894.
Secu rities .—The preferred stock is entitled to 7 p. o. per annum cu
mulative. See editorial of May, 1893, Supplem ent . The debenture bonds $1,605,400 was in the treasury. The bonds are to be secured by any
mortgage placed on the property. The fifth series is for $500,000.
were to be used for working capital in carrying on the various enter
D ividends .—Dividends from 1886 to May, 1894, at rate of 3 ^ per
prises of the Trust, etc., but none had been issued up to Jan. 1,1894,
D ivid en ds .—The new company has paid: On preferred in 1892, 7 cent per annum, three dividends yearly being for 75 cents, and one
(paid February 15), for $1-25; but in Aug., 1894. paid $1; in Nov.. $1.
per oent; in 1893, 7 per cent; in 1894, March, 1% p. o.; June, 1% p o
Sept., 1% p. c.; Dec. 1% p. c.
'
E arnings . - In 1893 gross earnings were $2,042,749; net over inter
On common in 1893,2p. c.; in 1894, July, lp . c ; Oct., lp .c .; Dec., lp.c, est charges were $482,668, against $436,444 in 1892. In 1893 spent.
$357,088 for construction.
A nnual R epo r t .—Fiscal year ends Dec. 31. Annual meeting is held
Newport News Shipbuilding Sc Dry Doric Co.—
Organ
on a Thursday in February. The annual statement of the Company
issued in February, 1894, was in V. 58, p. 262, and gave the following ized under an act of Virginia of January 28,1886, as amended Febru
profit and loss account for the year 1893: Net earnings, $1,428,037 ary 17, 1890. The stock is $2,000,000. The company owns sixty
against $1,906,986 in 1892 ; dividends, $1,341,388; balance to credit; acres of land with water front, and has large plant, costing $561,954
o f profit and loss, $950,355. The mortgage liability was reduced for the dry dock and crib work, and over $2,750,000 for the other
property, as stated to the Stock Exchange. The Chesapeake Dry Dock
from $153,728 in 1893 to $12,000 in June, 1894.
D irectors .—W. P. Thompson, A. T. Goshorn, F. W. Rockwell, L. A. & Construction mortgage covers the dry dock as a first lien and the
Cole, R. R. Colgate, A. P. Thompson, D. B. Shipman, J. A. Stevens, Newport Nows Shipbuilding & Dry Dock mortgage is second to thisv
George O. Carpenter, Jr., Edward F. Beale, Jr., John H. McKelvy, J L See statement to New York Stock Exchange in V. 53, p. 7l6.
New York Biscuit Company.—
This company is incorporated
McBimey and R. P. Rowe. Officers .— W. P. Thompson, President; L
A. Cole,Vice-President; R. R. Colgate, 2d Vice-President; J.L. McBimey’ under the laws of Illinois, and owns and leases property in New York
Treasurer; Charles Davison, Secretary. N. Y. office, No. 1 Broadwav City, Chicago, Cambridgeport (Boston), Des Moines, la., Denver, Col..
&e., 14 cities in all. The real estate, buildings, patents, machinery, et©-„
—(V. 55, p. 462, 765,1035; V. 56, p. 42, 2 8 7 ; V. 58, p. 26 2 .)
National Linseed Oil.—
This company, Incorporated in 1887 were valued in balance sheet Jan. 1,1894, at $7,740,322 ; construc
under the laws of :Illinois, has acquired all the property of the Linseed tion account at $2,025,523; merchandise accounts receivable, etc., at
Bills
Oil Trust, consisting of the real estate, machinery, patents, etc., of 52 $1,692,8(h); cash, $179,960. under payable were $985,000; accounts
Trustee
the
oil works situated in 42 cities of the United States, including payable, $113,644. Sinking fund, $50,000mortgage is the Central Trust
Co. of New York.
a year.
Chicago, St. Louis, Minneapolis, etc. Its product is both linseed oil and ofi
Dividends from October 1,1890, to Jan. 1,1892, both inclusive, I I
oake—
used for stock food and fertilizer—and it is said to employ in the
p. c. per annum; in 1892, 4 per cen t; in 1893, April, 1 per cent; none
manufacture of these from 60 to 70 per oent of the country’s annual
crop (of ten to twenty million bushels) of flaxseed. Stock listed in New since. Profits in 1893, $411,910; in 1892, $548,359; in 1891, $453,161. Treasurer, G. P. Johnson, 10th Ave. and 15th St., N. Y. City..
York in September, 1890. See V. 51, p. 348.
Main office, American Express Building, Chicago, 111. V. 58, p. 3GY. '
B onds .—Debenture bonds for $3,000,000 at 6 per cent were author
New York A East River Gas Co.—
Incorporated under the law »
ized by stockholders in February, 1894, to reduce the floating debt
and supply working capital. The debentures have a sinking fund of 5 of New York in January, 1894, to succeed to the business of the East
per cent per annum after March 1 , 1895. V. 58, p. 306. Debentures River Gas Co. which has been merged into N. Y. & E. R. Canacitv o f
plant at Long Island City reported to be 24,000,000 cu. ft. per dav
for $1,400,000 were listed on N. Y. Stock Exchange in Sept., 1894.
Company supplies gas in New York City through tunnel 2!s41
BALANCE SHEET JULY 31, 1893.
feet long from Ravenswood, L. I., under East River to East 71st St.,
Capital stock...............$18,000,000 Realest.,mach’ry,etc. $8,984,221 N. Y., completed in July, 1894. Gas turned into tunnel in Oct., 1894..
Bills and ac’ts pay’ble. 3,289,116 Cash in bank.............
150,636
Sto c k .—In May, 1894, capital stook was increased from $200,000^
Bills receivable, etc..
644,379 preferred and $500,000 common to $2,000,000 preferred and $5,000..Stock in trade...........
3,575,859 000 common. Outstanding in July, common, $4,705,750; preferred!
Balance (good will,pa
“ on-cumulative, 6 p. c., $668,250. B onds .—The first’ mortgage is f& tents, etc.)...............
7,934,021 $3,500,000, and covers all the property, rights, franchises, etc., of the,
company and also the $1,000,000 stock of the East RiVer Gas C o.
Total liabilities. ..$21,289,116
Total assets........ .$21,289,116
On July 31, 1892 (the year previous), there were "Bills payable. 902V Y 5 9 ,np.Pi S di 9 i ’ 742Liberty 8t" N® York- See V- 58>P- 866»
W
$4,025,881; cash in bank, $436,923; bills receivable, $1,215,584.
D ividen ds .—In 1890 4 per oent; in 1891, 2 *$ per cent; since, none. iJ-^w York & New Jersey Bridge Co.-Charter obtained in
b51
Ln*T.8S?pe?r81Si15Sld« e aor08s the Hudson River
D irectors .—Alexander Euston, President; R. D. Hubbard, W. P
Orr, Samuel Thomas, A. C. Abbott, Marcus Simpson, A. O. Hall, J A* from between 59th and 69th Sts., N. Y. City, to New Jersey. Bridge to
of rfo5,0 a ab,o ve
et
water.
Engineers”
Willard, P. C. Hanford, T. G. McCulloh, Secretary and Treasurer. Ex estimate V. 59, p.781. f Secretary, C. H. Swan. See Board of Broadway».
Office,
ecutive offices. Old Colony Building, Chicago, 111. N. Y. Office, 81 John N. Y. See North River Bridge item V. 58, p. 866, 781. 214
3
Street.-(V . 56, p. 2 4 4 , 414; V 57, p. 422; V. 58, p. 306, 716, 1035.)
** N
Telephone.—
Operates telephone
National Starch.—
Incorporated in February, 1890, under the laws Unes under perpetualew Jersey the Bell Company in Staten Island»
license from
o f Kentucky, and owns properties capable of producing from 230 to 240 Long Islam! (including Brooklyn), in New Jersey in counties of Bergen»
million pounds of starch yearly. The twenty concerns whose plants, Essex, Hudson, Middlesex, Monmouth, Morris, Passaic, Somerset and)
trade marks, patents, business and good will it purchased were located Pi>J°n: Jts toi al subscribers on Jan. 1, 1894, were 9,671 (of
in the States of New York, Ohio, Indiana, Illinois, Iowa and Kansas. 4,775 in Long Island), against 9,418 on Jan. 1,1893, and 9.044 in which
1892The preferred stocks have preference as to principal as well as divi revenue from toll messages in 1893, $216,091.
*
dends. Wording of pref. certificates was in editorial of May, 1893,
Sto ck .—In February 1894, increased from $2,535,000 to. $3,500,000'.
S upplem ent . The bonds were issued at a rate not exceeding 75 per
cent, of the company’s real estate.
B onds —Of the general mortgage bonds sufflcientare reserved to take
On March 1, 1894, there were in the company’s treasury $549,300 up the first mortgage at maturity; trustee gen. mort., Atlantic Trust Co
common stock, $780,600 first preferred and $653,200 second preferred, Bills payable Aug. 31,1894, $156,020.
^
and $663,000 first mortgage bonds.
m^aIniE r>8;
N
18?
6 P ercen in 1893,
Sto ck .—Common authorized, $5,000,000; outstanding, $4,450,700; in 94, Jan., 17 Dividend8, ln and ? ’ p. c. extra; t; pril,lia p, 6 per cct t;
^ p. c. regular
1
A
&; Julv l iL
par, $100.
iiuR h
t iL a
p. c.; Oct., 1*2 p. c.
"
»
1.39
INVESTORS’ SUPPLEMENT.
IVoli* LIXi
Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
MISCELLANEOUS.
For explanation of column headings, &c., see notes on
first page of tables.
N. T.<é Perry Coal&Iron Co.—lstM .,g.,s.f.,notsub.to call.e
N. Y. < Texas Land (Limited)—Stock...................................
&
N iagara Falls Power Company—Stock for $10,000,000..
1st mortgage for $10,000,000, gold........................... c&r
N icaragua Canal Construction—Stock, $12,000,000........
North American—Stock for $50,000,000................. . ...........
North Hudson Co. ( St.) R’y—See Street Railways in front
Northwest Equipment—Stock.................................................
Northwestern Tel.—Stock, 4 rising to 6 p.o., guar. West.Un.
1st mort., sink, fund, bonds not drawn, interest gu ar.c'
Ohio Falls Car M anufacturing Co.—Common s to c k ......
Preferred stock, 8 per cent, cumulative, g old ................
1st M.. gold, $20,000 per an., subj. to call at 105...c*&r
Oregon Improvement Co.—Stock, com m on..........................
Preferred stock, 7 per cent, non-cumulative........ ..........
1st mortgage, gold, sink, fund 1 p c. yearly. See text
Consolidated mortgage for $15,000,000, gold_______ c*
Pacific Mail Steamship—Stock.............................................
1st M. for $5,000,000, subject to call at 110 & int...... c*
Pennsylvania Canal—Gen. M., int. guar, by Penn, RR.c*
Pennsylvania Coal—Stock.....................................................
Bonds —
Princi
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount Rate per When
of
Par
Where Payable, and by Stocks—Last
Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
1890
$1,000
50
100
1891 500, &o.
100 39,733,600
of this Supple MENT.
100
3.000.
000 text.
See
50
2.500.000 See text.
1874
500
1.180.000
7
100
400.000 See text.
100
800.000
8 g.
1,000
1892
580,000
6 g.
100
7.000.
000 text.
See
100
327,800 See text.
1880
1,00«
4.146.000
«<?•
1889
1,000
6.468.000
5 g.
100 20, 000,000 See text
1890
1,000 J’ne’94 none
1870
1,000
3.000.
000 ?»•
50
5.000.
000 ann
16 p.
E arnings .—In year 1893 gross earnings were $1,183,832, against
against
f 1,050,125 in 1892; net over expenses and taxes, $698,145, surplus,
359,478; interest, $76,520; dividends, $152,100; balance,
215,276, against $130,446 in 1892. V. 59, p. 880.
New York Sc Perry Coal Sc Iron Company.—Owns 640 acres,
«controls 800 acres and leases 430 acres of coal and iron land in Hocking
Valley region at Shawnee, Perry County, O. Has five coal mines and
tw o blast furnaces. The November 1892, coupon went unpaid. Bought
at public sale in September, 1893, in behalf of bondholders. New se
curities, under reorganization, will be $1,500,000 common stock,
$700,000 4 p. o. preferred non cumulative, and $700,000 1st mortgage
5 p. c. bonds. Old securities are deposited with Central Trust Co.
N e w York Sc Philadelphia Traction.—
Incorporated in July,
1894. See V. 59, p. 115.
*
N e w York Sc Texas Land.—
This company took the lands granted
to the International and Houston & Great Northern railroads, about
5,000,000 acres. June 30, 1893, company had 2,103,579 acres unsold,
and there was $802,080 of land scrip receivable for lands at 75.
Niagara Falls P o w e r Company.—
Organized in 1886 and un
d er special acts of New York State has authority to transmit Niagara
water, and light, heat or power developed from it, to practically any
point in New York State. Its hydraulic works, which are to produce at
least 100,000 horse power, were to be in operation to the extent of 15,OOO horse power in 1893. The cost of constructing these works, includ
ing the building of 7,000 feet of tunnel, purchase of 1,486 acres of land,
«with basins, wheel-pits, right-of-way, etc., under terms of contract,
was not to exceed $2,600,000 in stock and 83.500,000 in bonds. See
¿article in Chro nicle , V. 57, p. 809. In Jan., 1894, the hydraulic tunnel
w as first used, 3,300 horse-power being furnished. V. 58, p. 178,1035.
S tock .—Niagara Falls Power Co. stock, authorized by charter $10,«000,000. Amount authorized by stockholders to be issued was in
«creased in Sept.. ’ 94, from $2,600,000 to $3,000,000 for extending com
ipany’s plant at Niagara Falls.
B onds .—Under the mortgage (trustee Central Trust Company) there
ds no right of foreclosure till after Jan. 1,1895. Coupon bonds are for
sSl.000 each and have interest payable J. < J. Registered bonds are
fe
$500, and draw interest Q.—J. Mortgage covers all but 400 of the
A,486 acres of land. Office, 15 Broad Street, N. Y. City. (V. 56. p. 819;
W. 57, p. 723, 809; V. 58, p. 178, 1035.)
Nicaragua Canal.—See statement of Sept., 1893, in V. 57, p. 376.
SPlan of reorganization of Dec., 1893, given In V. 57, p. 1040, was de«sizuned operative in January, 1894, and all the property of the company
was bought at foreclosure sale for the reorganization committee.
¡57, p. 376; V. 58, p. 383, 941.
North American Company.— rgan ization .—Organized in 1890
O
remder laws of New Jersey, as successor to the Oregon & Trans-Contimental Co., to engage in railroad financiering and the promoting of elec
tric light and power companies. The business has thus far been mainly
«confined to sweet railway and electric enterprises.
Mil w a u k e e Str e et R a il w a y and E lectric L ighting .—The Mil waukee Street Railway Company, of whose stock for $5,000,000 the
N . A. Co. on May 31,1894, owned $2,861,700, came in 1891-92, inconmection with the N. A. Co., into control of the entire system of street
«railways in Milwaukee, 140 miles of road, built and to be built.
The N. A. Co. also secured exclusive franchises for distributing
«electric light and power in Milwaukee, and entered into a contract
running till November, 1895, for furnishing street lights. The Milwau
kee enterprises were not completed till May, 1893. The net earnings
in 1893 were $408,625, against $405,495 in 1892.
On May 31,1894, the No. Am. Co. owned $5,172,000 of the Milwau
kee Street Railway Company 5 per cent 30-year consolidated mortgage
¡gold bonds, executed December 27, 1890, for amount of $10,000,000;
$14)00,000 consols were to be reserved to meet underlying bonds.
JSSoM
Lers of nearly all of the $8,912,000 of these bonds outstanding
25,1893, had agreed to cancel the 3 coupons from Dec., 1893, to
JDee., 1894, inclusive.
C incinnati E dison E lectric Com pa ny .—This company, has se
cu re d the contract for the public lighting of the entire city of Cin
cin nati for eleven years and with it a valuable franchise for commercial
lighting for the term of twenty years. The report for 1893-94 states
¡that “ the business of this company has been affected by the general
-¡financial depression, etc., but it is proposed to extend the connections
?so that, both city and commercial, they will reach the equivalent of at
least 50,000 lamps, of 16 candle power each, by the close of the year.’
Ca p it a l Stock .—The North American authorized capital is $50,000,¡«1)00, of which only $40,000,000 has been issued, this having been ex.
-changed, share for share, for stock of the Oregon < Trans-Continental.
fe
A nnual R epo rt .—Fiscal year ends May 31. Annual meeting is held
¡in Jersey City on third Wednesday in June. Report for 1893-94 was in
V . 58, p. 1072. The report states that the Northern Pacific stock,
Northern Pacific consols and Chicago & Northern Pacific firsts owned
liny the company were sold during the year, but no income account
its .given, only the following statement of May 31,1894: A ssets .—Mil.
dSt. Ry. 1st and 2d M. bonds (at par),$6,447,000, and stock, $2,861,700;
«aather stocks, etc., valued at $723,984; notes and accounts receivable,
$103,218; cash, $64,648; total assets, $10,200,550. L ia b il it ie s .—
JBills pay able, $1,791,800; accounts payable, $16,218.
D irectors .—Edward Q. Keasbey, John I. Beggs, C. W. Wetmore, H W.
.
¡Burt, J. Hobart Herrick, D. S. Wegg, G. R. Sheldon, Edward Edes,
Henry C. Payne. President. C. W. Wetmore ; Secretary and Treasurer,
¡Edward Edes; New York Office, 15 Broad St. (V. 56, p. 887, 931,
1 0 5 5 ,1 0 5 7 ; V. 58, p. 866, 1072.)
See text.
fe
6 g. M. < N. Nov. 92 coup, unpaid. May 1, 1920
$1,500,000
N.Y.,J. 8.Wetmore2 Wall
<)
*
(*)
3.000.
000
3.648.000
N. Y. Agency.
Jan. 1, 1932
5 g. See text
Q.— N. Y., Hoyt, 36 Wall St.
F.
J. & J N. Y., West. Un. Tel. Co.
J. « s J
S
do
do
yearly. N. Y., Maitl’d, Phelps,
Q .-J .
do
do
A. « s O.
S
do
do
M. < 8. N. Y. O f.,22 William St.
fe
J. « s D. N. Y., Farm. L«fe. Tr. Co.
S
A. « s O.
S
do
do
P. « s A. New York, 15 Broad St.
S
J. « s J. Phila., 233 So. 4th St,
S
Q.— New York, 1 Broadway.
P.
Oct. 31,1894
July 2, 1894
Jan. 1, 1904
July 24,1893
Oct. 1, 1894
Oct. 1, 1922
Aug. 1, 1890
Men. 1, 1893
Deo. 1, 1910
Oct. 1, 1939
Sept. 15,1887
Aug. 1, 1908
July, 1910
Nov. 1, 1894
North Hudson County (Street) Railway.— St r e e t R a il
See
w ays
in front of this Supplem en t .
Northwest Equipment.—
Owns railroad equipment costing $3,-
000,000, leased to North. Pacific RR. Rental 7 per cent per annum on
$3,000,000 and 10 per cent yearly to the sinking fund. But in August,
1893, the application for a receiver for the Northern Pacific stated
that no payments ttf the sinking fund had been made in cash, but
that $2,000,000 N. Pacific consols had been deposited in lieu thereof
with the Trust Co. See statement to New York Exchange in Ch roni
cle , V. 50, p. 73. Stock paid in 1890 6% p. o.; in 1891, 7 ; in 1892,6%;
in 1893, Feb., 2^ ; May, 112; Aug., 113; Nov., 1*2 ; in 1894, Feb., l ^ ;
4
April, 1*2 p. c.; Aug., 11q p. c.; Oct., 1 ^ p. c. President, Colgate Hoyt,
36 WallSt.,N. Y.
8
J ’
Northwestern Telegraph.— W estern U nion T e le g , Co .
See
Co.—
Incorporated under the
O hio Falls Car ManufacturingOhio Falls Car Co., established
laws of Ind. in 1892 as successor to
in 1865. Located at Clarksville, near Jeffersonville, Ind. See adv.
Chronicle of Oct. 22,1892, and Maitland, Phelps < Co., 24 Exchange
fc
Place. First dividend—On common in July, 1893,12 p.o.; inJuly, 1894,
none. On preferred 2 p. c. quarterly Jan., ’93, to Oct., 1894, inclusive.
Oregon Improvement Company.—
This company controls the
Pacific Coast Steamship Company (owning its entire capital stock)
and operates five steamship lines running between San Francisco
Portland, Victoria, Sitka, Fort Bragg, San Diego, «fee. Also owns all
the securities of the Columbia & Puget Sound Railroad (narrow gauge),
Seattle to Franklin, etc., with sidings, 57 miles, and its New Castle
mine; the Pacific Coast Railway (narrow gauge), Port Harford, Cal.,
to Los Olivos. 80 miles; the Seattle < Northern Railway,
fc
Anacortes to Hamilton, Wash., 36 miles; the Port Townsend
Southern RR.; Port Townsend to Quileene, Wash., 28 miles, and
Olympia to Tenino, Wash., 15 miles; operates the Franklin Coal Co.
owning the Franklin mine. (See V. 51, p. 570, 747.) Company also
has some 3,688 acres coal land.
H is to r y .—Defaulted in Deo. 1890, on 1st mort. coupons, and Joseph
Simon was appointed receiver. A change in the management fol
lowed, Mr. W. H. Starbuok became Pres’t, the receiver was discharged,
and the overdue coupons were paid. See V. 52, p. 351; V. 54, p. 288.
D ividends —On preferred stock (issued in 1888)—In 1888, 3 ^ ; from
March, 1889, to September, 1890,7 per cent yearly; then none until
1892, when 7 p. c.; in 1893, March, 3*2 p. 0.; September, none; inl894,
March, none. On common—In 1883,7*2; in 1888,1*2; in 1889, 4*2; in
1890, 3 per cent; none since.
B onds .—Under consol, mortgage for $15,000,000 (trustee, Farmers
Loan < Trust Co.), bonds are reserved to retire the preferred stock and
fc
the first mortgage bonds not in the sinking fund. See V. 54, p. 484.
The first mortgage bonds by their terms are subject to call for the
sinking fund at par if not purchasable at 106. See V. 56,p. 142.
E arnings .—10 mos., ) 1893-94, gross, $3,123,678; net, $536,377.
Dec. 1 to Sept. 30. ) 1892-93, gross, $3,204,245 ; net, $584,675.
A nnual R epo rt .—Fiscal year ends November 30. Report for 1892-93
was in V. 58, p. 428. In 1893 of the net earnings before deducting
taxes there was derived from steamships $438,263; from the coal de
partment $155,876; from railroads $190,849; from real estate, etc.,
$16,798; total, $801,786.
INCOME ACCOUNT (ALL COMPANIES).
Year ending Nov. 30.—
1891.
1892.
3893.
Gross.............................. .................. $4,300,960 $3,891,975 $3,898,418
Net over taxes and gen. expenses.
829,690
759,948
747,064
14,357
25,370
16,937
Income from investments, &o........
Net income......................................$844,047
Interest on bonds................................. $553,793
Other interest, «fee..............................
75,344
Sinking fund..................
50,000
$785.318
$623,400
22,946
50,000
$764,001
$575,100
59,773
50,000
Balance surplus............. .................. $164,910
$88,972
$79,128
D irectors —The directors are: W. H. Starbuok, C. B. Tedcastle and
Edwin S. Hooley, of New Y ork; F. H. Prince, of Boston; C. A. Dolph,
William M. Ladd, Henry Failing, Joseph Simon, C. H. Lewis and Jona
than Bourne, all of Portland; and C. J. Smith, of Seattle, Wash. W. H.
Starbuck, President; C. A. Dolph, Vice-President; C. J. Smith, General
Manager. N. Y. office, 22 William St. (V. 56, p. 42, 3 J 1 ; V. 58, p. 4 2 8 .)
acific Mall Steamship.— he trans-Continental railroads gave
'T
to this steamship Co. a subsidy of $75,000 minimum per month,
but this was discontinued in 1892, necessitating a termination of the
arrangement with the Panama RR. Co. From J une, 1893, to June 15,
1894, however, the Panama RR. chartered three Pacific Mail steamers.
See V. 57, p. 145. This contract was not renewed on June 15, 1894.
No dividends since 1887.
B onds .—The mortgage for $5,000,000 (Trustee, Central Trust Com
pany), covers all the company’s franchises, shares of stook in the
China S. S. Co. limited, and other property, real or personal, including
itspreseut fleet of vessels and seven vessels to be constructed subse
quent to the making of the mortgage, and all other property acquired
with the proceeds of the bonds. In Oct., 1894, no bonds had been
iss ied, and it was said the bonds authorized would be canceled. V. 59,
p. 651. On April 30,1894, current liabilities (including loans and bills
payable $504,399) were $895,273; current assets, $501,439. Total
liabilities, capital stock, etc., $21,042,449. Total assets, $9,717,877.
P
N o v e m b e r , 1894. J
MISCELLANEOUS
STOCKS AND
BONDS
1 5 3
Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
Bonds—Princi
MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due»
Amount
Par Outstanding Rate per When Where Payable, and by Stocks—Last
For explanation of column headings, &c., see notes on of
Bonds Value.
first page of tables.
Cent. Payable
Whom.
Dividend.
.$1,000
Pennsylvania Steel Go.—1st mortgage.............................. 1
Maryland Steel Co.—1st M.,guar. p.& i. by Pa..Steel Co..r 1892
1,000
$1,000,000
2,000,000
5
5
Peoria Watei— 1st Ml, g., red. aft. Nov. 1,1899, at 105.0* 1889
Philadelphia Company—(Natural Gas) Stock.....................
1st M., s. f., $250,000 yearly, not drawn..................—c* 1888
1,254,000
7,500,000
64,000
3.000.
2.000.
8,600,000
2,250,000
2,250,000
2,000,000
36,000,000
5,708,700
4,291,300
996,500
663,000
1,000,000
1.750.000
2.345.000
650,000
576,500
948,875
4,000,000
6 g.
See text.
6
000
000 ann.
8 p.
Pref. stock, 8 p. c., cum., pref. as to assets and eam’gs.
Postal Telegraph Gable Go.—Stock, $10,000,000.................
....
Pref. stock (8 p.c., cum.). See terms in ed.May,’93, Sup.
1st M., g., subject to call at 110 after July 1,1900___c* 1890
Preferred stock, 7 per cent, !not cumulative....................
Railway Equipment Company o f Minnesota.—Stock......
1st Mortg., gold, $50,000 red. ye’rly in Nov. at 100....... 1891
Rhode Island~Perkins Horse Shoe—General (com.) stock.. J
Preferred, 7 per cent cumulative......................................
Rocky Fork < Oook Oity Railway < Goal—Trust certfs....
6
6
Salt Lake City RR.—l s i M.,g.,red at 100 aft. Jan. l , ’03.c.* 1893
Sioux vity & St. Paul.—Land grant mortgage................... 1871
Southern 16 Atlantic Telegraph—Stock (guar. 5 per cent).. . . . .
Southern Cotton Oil—Stock ($5,000,000 authorized)........ ***’
1,000
50
1,000
100
100
100
100
100
1,000
100
100
100
100
100
100
100
1,000
500
25
100
A n n ual R epo rt .—Fiscal year ends April 30; report for 1893-94 was
in Ch ronicle , V. 58, p. 1071, showing:
M. & N.
F. & A.
Phila., Co.’s Office.
do
do •
Nov. 1, 1917
Feb. 1, 1922
M. & N.
See text.
Q .-J . Pittsburg,820 Penn Av.
J. & D. N. Y. City, Merc. Tr. Co.
F. & A.
Q.—J. N. Y., Baring, Magoun.
Nov. 1, 1919
Oct. 1, 1894
Dec. 1, 1898
Feb. 15,1893
Oct. 1, 1894
Yearly. N.Y., A. M. Kidder & Co.
8 p. ann. Q.—J.
do
do
6 g. J. & J. N.Y., Mercantile N at.Bk
8 p. ann. Q .-F . N. Y., Farm. L. & Tr. Co.
Aug. 15,1894
Oct. 15,1894
July 1,1940
Nov. 15,1894
June 1,1882
June 2,1891
Nov. 1,1894
1901
Oct. 15,1894
Oct. 15,1894
(?)
Jan.l, 1903-13
Not fixed.
Oct. 2, 1894
June 15,1893
See text.
6 per an.
6 g.
See text.
7 per an.
(?)
6 g.
See text.
5 per an.
See rem.
N. Y., Of., 20 Nassau St.
M. & N. New York & London.
J. & D. N. Y., Maitland. Phelps.
Q.—J. Co.’s Office, Providence
do
do
Q .-J .
J. & J.
New York Citv.
M. & N.
St. Patii, Minn.
A. & O. N. Y., West. Union Tel.
From Camden-by ch’ck
on stock. In 1894 the property of the New Jersey Postal Tel. Co. was
purchased. In 1893 gross earnings $3,565,293; net, $537,272. A. B.
Chandler, President, New York. (V. 56, p. 43, 336, 414.)
Tear ending Apr. 30.
1891.
1892.
1893.
1894.
Atlantic lines.................. ....$6 9 7 ,2 9 1 $684,870 $688.389 $170,839
Procter Sc Gamble Co.—
Formed in 1890 under laws of New
Panama lines........................ 2,262,638 2,363,613 2,032,152 1,730,845 Jersey to carry on the soap, candle, oils and glycerine business o f
Trans-Pacific line.................1,107,601 1,082,936 1,235,224 1,498,410 Procter & Gamble. The mortgage covers about 67 acres o f land ad
Subsidies............................ 103,000
103,000
27,733
69,487 joining the city of Cincinnati, together with the 29 factory buildings
Interest and dividends. . . . .
33,463
25,729
24,180
.........
thereon. Of the common stock $1,000,000 is not to receive dividends
Miscellaneous.....................
94,578
149,114
110,795
364,512 until 12 per cent has been paid on the remainder of the common.
D ividends —On common stock—in 1891, August, 8 per cent; in 1892,
Total earnings........... $4,298,571 $4,409,262 $4,118,473 $3,834,093 August, 12 per cent; 1893, August, 12 per cent; 1894, August, 12 per
Expenses........... ................ 3,495,650 3,688,055 4,175,215 3,358,632 cent. On preferred, in full to October, 1894.
E arnings —For year ending June 30,1894, net profits'were $688,008
$802,921 $721,207def. 56,742 $475,461
Net earnings........ .
(against $651,360 in 1892-93); deduct interest on bonds, $120,000
D irectors and O fficers —Henry Hart, Isaac E. Gates, Calvin 8» dividend on preferred stock, $180,000; dividend (12 per cent) on
Brice, Samuel Thomas, Edward Lauterbaoh, Geo. J. Gould, Russell common, $270,000; balance surplus, $118,008; total surplus fund J >ly
Sage ; Collis P. Huntington, President; R. P. Schwerin, Vice-President ; 1, 1894, $450,029. Office, Cincinnati. (V. 55, p .2 9 8 ; V. 57, p. 376 :
William H. Lane, Secretary; Jos. Hellen, Treasurer. Office, Mills Build V. 59, p. 291.)
ing, New York C ity.-(V . 56, p. 375,836, 887, 9 2 3 ,1 0 5 7 ; V. 57, p. 145,
Pullman’ s Palace Car Co.—The stock has been increased fiom
1123; V. 58, p. 384, 716, 867, 942, 1 0 7 1 ; V. 59, p. 651.)
time to time to provide new capital, as wanted, and $6,000,000 new
Pennsylvania Canal.—
Worked in interest of Pennsylvania RR., stock was issued m April, 1893 (v. 56, p. 669). Bonds all paid off and
which guarantees interest on bonds and owns $3,517,150 of the $4, surplus July 31,1894, $26,042,606.
501,200 stock. Earnings in 1893, gross, $118,850, against $112,481
D ivid en ds since 1876—From 1877 to 1880 inclusive, 8 per cent; from
in 1892; net, $29,515, against $7,948; interest, $153,180; loss, $123,- 1881 to 1883 inclusive, 9*2; from 1884 to November-1894, both inclu
665, against $145,232 in 1892.
sive, at the rate of 8 per cent yearly.
Pennsylvania Coal.—
Dividends since 1881—From 1882 to Nov.,
A nnual R epo rt .—Fiscal year ends July 31. Report for 1893-94
1894, inclusive, 16 per cent per an. In Feb., 1894, paid 4 per cent extra. with balance sheet, was given in full Y. 59, p. 737, 741. See also edi
Pennsylvania Steel Co.—
Incorporated in Pennsylvania March torial p. 717.
24,1866, under a perpetual charter, to manufacture Bessemer pig iron,
Tear ends July 31.
1892.
1893.
1894.
steel, etc. Owns plant at Steelton, Pa., with annual capacity of 175,- Earnings........................................... $8,061,081 $9,200,685 $8,761,935
000 ton s; Bessemer Steel Works, capacity o f 350,000 tons, and owns Patent royalties,manuf. profits,&e. 1,941,275 2,189,211
833,132
all the stock of the Maryland Steel Co., with plant at Sparrow Point,
near Baltimore, having annual capacity of 300,000 net tons standard
Total revenue...... $10,002,356 $11,389,896
$9,595,067
section steel rails.
Operating expenses......................... ,.$3,438,863 $3,825,940 $3,497,298
Sto c k .—Authorized capital stock is $5,000,000; par, $100. Stock Paid other sleeping-car associations
947,504 1,037,508
897,352
paid in, $4,500,000.
Coupon interest on bonds...,............
65,600
...........
Dividends on capital stock................ 2,300,000 2,520,000
2,880,000
D ivid en ds .—In 1885. 1886. 1887. 1888. 1889. 1890. 1891. '92
Cash, per cen t....... 4
4
11
7
6)
o
$6
6
Net result................ .......................... $3,250,389 $4,006,448 $2,320,417
Stock, per ce n t.... 8 8
2 5 6 )
( 6 6
N. Y. office, 15 Broad 8t. (Y. 57, p. 7 2 0 ; V. 59, p. 28, 291, 697, 717,
B onds .—The Pennsylvania Steel Co. first mortgage covers plant at
7 3 7 , 7 4 1 .)
Steelton; mortgage trustee is Girard Life Ins. A. & T. Co. of Phila.
Owns quicksilver mines at New Almaden,
R eorgan ization P lan .—The plan of June, 1893, leaves the first d*hnicksilver Mining.—
mortgage bonds of each company undisturbed. All claims of $1,000 or w # Cal.The preferred stock is entitled to 7 per cent per annum, nonless are to be paid in cash from funds in the hands of the receivers. oumulative, and any surplus goes to the common and preferred equally.
The following table shows the result of operations of this com pany
Floating debt to be provided for is $6,088,015.
(1) The plan invites stockholders to turn in one-half their stock for at different periods, the total quicksilver production of California
having decreased from 33,760 flasks in 1887 to 22,904 flasks in 1891.
the benefit of creditors; to Subscribe to the amount of *3 of their pres
ent holdings for new preferred non-cumulative 7 p. c. stock issue
Flasks
Quicksilver, Value
Total
Total
($1,500,000), receiving back one share of common also for each share Year.
produced.
value.
per flask, earnings.
profit.
of preferred subscribed for.
1887........ .
20,000
$774,38916 $38 72
$825,793 $345,411
(2) Plan then provides for a consolidated joint mortgage of $7,000,- 1890.............. 12,000
620,007 96 5166
688,010
281,535
000, of which $3,000,000 to be reserved for prior bonds undisturbed, ISSi.............. »,¿00
324.71819 39 60
341,179 def. 57,523
and o f balance creditors to receive 60 p. c. of their claims in such 1892.............. 5,000
179,022 00 35 81
192,315 def. 74,273
bonds. Creditors receive the 40 p. o. balance of their claims in cash
D iv id e n d s .—On common, in 1881, 2 H per cent; in 1882, 25; nothing
and also receive 15 p. c. in common stock.
since. On preferred—In 1881,9 1 ; in 1882, 6 ; in 1883, nil ; in 1884,
4
Interest if not earned during first three years may be paid in scrip. 3 ; in 1885, nil ; in 1886, 2% ; in 1887, 3 ; in 1888, 6% ; in 1889,3 ; in
In October, 1894, it was stated that the above plan had been accepted 1890, February, 3, H a; May 1, l 1 ; August 1, l*a; in 1891, Jan. 2,
«
by a majority of the stockholders. (V. 59, p. 601.)
l 1 June 2, lM- New York office, 20 Nassau street.
*;
Peoria Water,—
Owns water works at Peoria, 111., purchased from
ailway Equipment Company of Minnesota.—Owns equipthe city in 1889. See full statement in Ch ronicle , V. 52, p. 535. The
ment costing over $1,500,000, which is leased to the Chic. St. P. A
mortgage is for $2,000,000, and of the bonds $295,000 are held to
Kansas City Railway Company at a rental which is to be more than
entire a like amount of city water bonds. Nov., 1893, coupon was paid
one-half in cash and one-half in scrip; this scrip redeemed May 1, '94. sufficient to pay the interest on thé bonds, to retire $50,000 bonds
yearly at par and to redeem the balance of the issue at maturity in ’
C. B. Gold made receiver Jan., 1894. Stock, $1,000,000; par, $100.
1901. Lessee
Stock
in $996,500
Philadelphia Company,—In 1887 the Chartiers Company was Dividends in is to keep the property in repair. & Co.: paid c. paid Nov.,
N. Y. paid at Maitland, Phelps
3p.
leased for 99 years The Philadelphia Company controls the natural 1892; in 1893, 3 p. c.; 1894, May, 3 p. c.; Nov., 3 p. c.
gas production about Pittsburg and vicinity, owning or leasing over
Rhode Island-Perkin* H o r s e S h o e C o m p a n y .—O r g a n iza 50,000 acres gas territory and over 700 miles of pipes.
vio n .—Manufactures horse shoes and toe calks at Valley Falls, R. I., 6
E arnings .—In year ending March 31,1894, gross from gas sold, $1,- miles from Providence. Commenced business in 1874 and incorporated
428,709; from oil, $132,913; dividends received, $76,750; total receipts, as a joint-stock company July, 1891, under laws of New Jersey.
$1,638,372; operating expenses, interest, rentals, etc., $1,069,749;
St o c k .—A fter 7 per cent per annum on cum ulative preferred, com*
balance due on new lines, $30,000; dividends, $431,250; balance, sur
plus, $107,373. In 1892, gross from gas, $2,147,878; oil, $18,277. m on receives* up to 10 p. c., then both share pro rata.
D ividends .—On preferred 7 per cent per annum. On common, in
D iv id e n d s .—The January, 1891, and subsequent dividends were
passed, but in 1892, paid 4*4 p. ct.; in 1893, AH. p. ct.; in 1*94, Jan., 1 892,12^ p. c.; in 1893, 10 p. c., 2H p. c. quarterly; in 1894, Jan.,
lia p. ct.; April, l 1 p. c t ; July, 1 p. c.; Oct., 1 p. c. (Y. 54, p. 1008.) 2*2 p. c.; April, 2H p. o.; July, 212 p. 0.; October, 2*2 p. c.
«
E arnings .—In year ending June 30,1892, net over all expenses, $316,P , Lorillard Company,—
Incorporated under laws of New Jer
sey July 1,1891, for the purpose of carrying on the tobacco business of 902; surplus after dividends, $94,40'. In 1890-91 net, $268,960; in
'89-90, $265,448. For years 1887 to 1891, inclusive, net earns, averaged
P. Lorillard & Co. in Jersey City. Dividends on preferred in 1892, 8
p. c.; in 1893, 8 p. c., paid quarterly; in 1894, Jan., 2 p. c.; Apl., 2 p. o.; $262,654 73. Stock listed on N. Y. Exchange in December, 1892,
July, 2 p. e.; Oct., 2 p. o. On common in 1892,10 p. e.; in 1893, Feb.,
D ire ctors .—F. W. Carpenter, R. W. Comstock, C. H Perkins, G. P .
5 p. c.; in Aug., none. For year 1891-92 net profits applicable to divi Wetmore, G. L. Hoyt, E. C. Lamed, F. E. Perkins. President, F. W.
dends were $496,313; paid on preferred, $160,000; on common, $150,- Carpenter, Esq., Providence, R. I. Transfer Agents, Maitland, Phelps
000; balance, surplus, $186,313. See report, V. 55, p. 373. Main & Co., New York. V. 55, p. 1036.
office, Jersey City, N. J. Baring, Magoun & Co., Transfer Agents in
Rocky Fork Sc Cook City Railway Sc Goal Trngt.-Thia
N. Y. (V. 53, p. 641; Y. 55, p. 373.
trust, organized in the interest of the Northern Pacific Railroad Co.,
Postal Telegraph Cable.—
This company is successor to the owns coal mines at Red Lodge, Montana. It also formerly owned the
Postal Telegraph Company and Postal Telegraph & Cable Company. Rocky Fork & Cook City RR., Laurel, on the N. P. RR., to the mines, 45
Stock increased in 1890 to $10,000,000 for franchises, extensions. &e. miles, which it sold to the Nor. Pacific. The Nor. Pacific contracted t o
On June 30,1892, when stock outstanding was $8,600,000, there was purchase 500 tons of coal daily at $2 50 per ton, with rebates, and it
funded and floating debt of $2,399,178. In Jan., 1893, the Commercial was agreed that whenever the trust should declare a dividend a sum
Union Telegraph Company’s lines were leased for 99 years at 6 per cent equal to two-thirds of the sum so applied should be used to purchase
R
134
INYESTOKS’
SUPPLEMENT.
[Vol. LIX
Subscribers w i l l confer a great favor by g iv in g im m ediate notice o f any error discovered in these Tables.
MISCELLANE 0U8.
Bonds—Princi INTEREST OR DIVIDENDS.
Date
pal,When Due.
Amount
of
Par
Outstanding Rate per When Where Payable, and by Stocks—Last
first page of tables.
Bonds Value.
Cent. Payable
Whom.
Dividend.
South, Tuba Water Co.—Stock.............................................
$50 $2,000,000
1st mortgage bonds............................................................ . 1890
1,000
522,000
"6
A. & 0.
Apr. 1, 1910
Consol, mortgage, gold, $1,500,000...........................
1893
1,000
478,000
6 g- J. & J. N. Y. Farm. L. & Tr. Co. July 1, 1923
Standard Oas Light—Pref. stock authorized $5,000,000.
100
3,501,000 See text. Q.—J.
N. Y., 71 Broadwav.
Oct. 10, 1894
1890
1,000
1.104.000
5 g. M. & N. N. Y., Merc. Trust Co.
May, 1930
Street Railway A illum inating—Com. stock $4,500,000..
4.500.000
Pref. stock $4,500,000 6 p. c, cum. (subj. to call at 110)
2,789,300 6 per an. F. & A.
N. Y. City.
Aug. 1, 1894
Sunday Creek Coal—Preferred stock, 5 per cent............. .
100
1,500,000 See text. F. & A. N.Y.,Davis & Co’.40Wall Aug. 15,1894
1st Mort., gold., sinking fund., subject to call at 105. c” 1892
1,000
400,000
do
do
6 g- J. & D.
Deo. 1, 1912
Susqueh’na Coal.—1st M., gu. p. & i., s. f. not sub. to call.t
1,000
1,563,000
6
J. & J.
Phila. Co.’s Office.
Jan., 1911
Tenn. Coal I. dtRR. Co.—Common stock $20,000,000........
100 19,850,000
preferred stock (8 per cent cumulative)........................
100
1,000,000 8 per an. J. & J. N. Y., 4th Nat. Bank. July 15,1893
Consolidated mortgage.............................................. 1881 1,000
25,000
6
M. & N. N. Y.,Mechanics' Bank. Nov. 1, 1901
South Pittsburg Purchase, 1st m ortgage...................... 1882
1,000
121,000
6
F. & A. N. Y., Fourth Nat. Bk. Feb. 1, 1902
Alice Furnace Co., Alabama, 1st mortgage..................c 1882
1,000
300,000
7
A. & O. N. Y., Mechanics’ Bank.
1902
Pratt Coal & Iron Co., Ala., 1st M., s. f., not drawn. ...e 1883
1,000
675,000
7
M. & N.
do
do
Nov. 1, 1903
Birmingham; Ala., Div., eon.M., g., s. f. 1%, not d’rn..c' 1887
1,000
3,482,000
6 g- J. & J. N. Y. Hanover Nat. B’k Jan. 1, 1917
Tennessee Div. bds, gold, s.f. l^ j % yearly, not dr’n .. .o’ 1887
1,000
1,296,000
6 g. A. & O. N. Y.,4th National Bank Jan. 1, 1917
5 De Bard. con. M.,gd.,guar.,s.f. $30,000 y’ly,not dr’n .c’ 1890 500 &c.
2,056,500
6 g. F. & A. N. Y., Nat’l. Park, B’k. Feb. 1, 1910
\ Eureka Co. bonds......................................... ...........<
400,000
7
A. & O. Cincipnati.Merch.N.Bk.
1904
Cahaba 1st M., $1,100,000gold, gu., s. f., red. at 1 10..o* 1892
1,000
1,000,000
6 g. J. & D. N. Y.,4thNational Bank. Deo. 1, 1922
Texas Pac. Land Trust—“ Certificates of propriet’y int’st” .
100
9,193,500
Trenton Delaware Bridge.—1st M., gu. p. & i., Pa. B E _
_
....
1,000
350,000
7
J. & J. Phila., Penn., RR. Co. July, 1917
Trenton Potteries.—Common stock................................ ...... . . . .
100
1,750,000 See text.
N. Y., A. M. Kidder & Co. Feb. 1,1893
Pref. stock, 8 p. c. cum.—See terms in ed’l May,’ 93, Sup. .....
100
1,250,000 8 per an. Q.—M,
do
do
See text.
Trow Directory Printing £ Bookbinding—Stock common.
100
750,000
Preferred, 8 per cent cumulative.....................................
100
750.000 See text. 0..—F.
New York.
See text.
the trust certificates, if obtainable at or below par. The certificates
D ividends.—Preferred in 1892 was paying 1 ^ p. c. semi-annually.
have thus been reduced from $4,000,000 to the present figure. In year In 1893, Feb., Ha p. c.; Aug., none; 1894, Feb., 3 p. c.; Aug., none.
1892-93,142,349 tons of coal were shipped from the mines.
Operations .—Output has been—In 1889, 581,501 tons; 1890, 557,4. P au l City R a ilw a y .—See T w in Cit y R a p id T ransit in 458 tons; 1891,619,988 ton s; 1892,648,172 tons; 1893,678,891 tons.
St r e e t R a il w a y departm ent in front o f this S upplem ent .
Net income for 1893, after paying taxes, &c., $112,884, against $84,153 in 1892; interest on bonds, $24,000; re-investments, $26,702; sur
Salt Lake City R a ilro a d .—See Supplem ent of September, 1894. plus for 1893, $62,182; dividend, 1*2 p. c. on pref., $22,500. Total
Silver B u llio n Certificates. — The silver bullion certificates surplus Deo. 31,1893, $62,950. V. 56, p. 502. N. Y. office, 40 Wall S t.
Susquehanna C oal.—Owns coal property at Nanticoke, Luzerne
dealt in on the N. Y. Stock Exchange represent each 1,000 ounoes of
fine silver bullion deposited with the Mercantile Safe Deposit Co. of New Co., Pa. Pennsylvania RR. owns all the $2,136,800 stock and guaran
York City, and are each subject to a storage charge of one cent per day. tees the bonds principal and interest. Dividends, 6 per cent.
Sioux City & St. P a u l L an d G rant.—The bonds above were all T ennessee Coal Ir o n & R a ilro a d C om pany.—This company
owns blast furnaces, coal mines, iron mines, foundries, &c., and coal
that remained on Mar. 1,’94, of an issue originally $2,800,000. On Deo
28, ’93, coupon number 19 was paid. The bonds are secured on a specifio and iron lands in Tennessee and Alabama. The total area of mineral
lands and rights owned and controlled in 1893 was about 400,000 acres,
body of lands, and principal and interest are payable only from land
of which 274,000 acres are in Alabama and 126,425 acres are in Ten
sales. A. M. Drake and A. H. Wilder, trustees, St. Paul, Minn.
nessee. Of the latter 58,135 lie in Cocke and Green counties, in the
Southern Cotton ©11.—A New Jersey corporation owning eight eastern portion of the State on the borders of N. Carolina. Blast fur
crushing mills in the South with an aggregate capacity of 1,600 tons of naces Jan. 1, 1893, numbered 17, and daily output of coal 13,000 tons.
On Deo. 19,1892, the Cahaba Coal Mining Company was absorbed,
seed per day; also owns 6 refineries, etc., valued April 30,1894, at $3,755,213. On April 30,1894, bills and accounts payable were $547,173 its property consisting of some 44,000 acres of coal and iron lands
[these had been reduced by $431,000 prior to June 16,1894]; bills and situated in the counties of Bibb, Shelby and Jefferson, Alabama, with
accts. receivable, $183,998; merchandise and supplies on hand, $456,- an output of about 800,000 tons of coal per annum. V. 55, p. 60, 463.
201; cash, $250,803. About $103,000 spent for repairs, betterments,
An amalgamation with the De Bardeleben Coal & Iron Company was
eto., during 1893-94 and charged to expenses.
consummated in September, 1892. Merely a formal existence is re
D ivid en ds .—In 1889 8 per cent, tn 1892, March, 2 ^ per cent; June, tained by the De Bardeleben Co. and the Cahaba Co.
Stock . - Common stook authorized, $20,000,000. The amount out
2*2; in 1893, March, 2 ^ ; June, 2*2 per cent. See statement to N. Y.
Stock Exchange in full in Chronicle , V. 49 p. 404.
standing was increased by $10,850,000 in 1892 to purchase the DeBarA nnual Report.—
Report for year 1893-94 was in V. 59, p. 115 deleben, Cahaba and Excelsior companies. N. Y. Stock Ex. Sept. 17,
showing net loss for year $146,011; balance from last account, $262,- 1894, reports $19,842,800 listed. (V. 55, p. 463.) Common ana pre
668; balance April 30,1894, to next account, $116,657. In 1892-93 ferred reoeive same dividends after each has received 8 p. ct.
profits were $271,477. President, Henry C. Butcher. Office, Camden, ' D ividends .—On common in 1887,1 per cent, and none since. On pre
N. J. (Y. 57, p. 58; V. 59, p, 115.)
ferred, from 1889 to 1893 inclusive, 8 percent per annum; January,
1894, none; July, none.
Southern & A tlan tic Telegraph .—Lines leased to Western
B onds .—The two issues, known as the Birmingham Division and
Union (which owns $390,475 of stock) and stook guar, by rental 5 p. c.
the Tennessee Division bonds, are each a lien on their own property,
South Y u b a W ater Co.—Owns 18 storage lakes and reservoirs in as described in the mortgage, and a second lien on the property of
Placer and Nevada counties, California, with capacity of 14,000,000,- the other division. The total authorized issue of the Birmingham
OOO gallons; 12 distributing reservoirs and 500 miles of canal and pipe Div. loan is $5,000,000 [of which $540,000 bonds have bean crematedl
lines, besides mining claims, water rights, etc.; in all property valued and of the Tenn. Div., $1,400,000, of which $104,000 are in the sim rW
at $4,000,000. Organized iu 1850, incorporated in California in 1854 fund. The consolidated 6s due in 1901 are exchangeable at par for
and in New York in 1880. Business of the company is selling water bonds of the Nashville Chattanooga & St. Louis Railway Company held
for household and municipal purposes, power and irrigation; company by the Central Trust Company. The De Bardeleben mortgage is for
also supplies electric power and light. Area supplied by this system $3,000,000, of which $96,000 canceled by sinking fund, $400,000 in
is about 2,000 square miles.
trust for Eureka bonds and $447,500 in treasury. The De Bardeleben
Stocks and B onds .—Capital stock, $2,000,000; mortgage of 1893 is bonds were assumed by the Tenn. Coal & Iron, under terms of pur
for $1,500,000, of which $522,000 bonds are reserved for prior lien chase. See V, 56, p. 604. De B. C. & I. first 6s listed on N. Y. Stock
bonds. Mortgage trustee, Farmer’s Loan & Trust Co., New York. Ap Exchange to November, 1894, for $2,056,500.
plication to N. Y. Stock Exchange for listing bonds of 1893 was given
F loating D e bt , E tc .—On Jan. 31, 1894, total floating debt was
in full in vol. 59, p. 700.
$1,814,796 (against $2,994,435 Jan. 31,1893), of which $907,500 bills
E arnings .—In 1893, net, $69,047; interest charges, $31,320; in 1892, payable and $761,758 due from sundry creditors on open account
net, $68,633; charges, $31,560; in 1891, net, $69,250; charges, $32,280. Total quick assets, $2,417,311 (against $3,883,177 in 1893), of which
$559.000 treasury bonds, $671,597
part of
From Jan. 1 to Aug. 31,1894 (8 months), net, $59,040; charges, 022,494 due from sundry debtors onsalableaccount. inventory and $1,open
$20,200.
'
■
’
E arnings .—
Net. Ini., rentals,£c.
Balance.
O f f ic e r s .—President, Warner Van Norden; Vice-President, William
$417,900
def.$127,200
7 months,
>1894.......... $290,700
Dowd; Secretary, H. W. Lazelle. Offices, 33 Nassau St., N. Y.; Nevada
Feb. 1 to Aug. 31. 51893.......... 469,000
422,100
sur. 46,900
«City, Cal. and Auburn, Cal. V. 59, p. 6 , 697, 700.)
jr
A nnual R epo rt .—Fisoal year ends January 31. Report for 1893-94,
s ta n d a r d Gas L ig h t.—Organized in 1886. Owns 140 miles of given at length in V. 58, p. 715, 734, gave earnings of the several divis
igas pipes on east side of New York, north of 13th St. Common stock ions separately. For the whole property reports have shown as fo l
¡authorized is $5,000,000; issued $3,‘000,000. Dividends on preferred lows : Bessemer Div. included in ’92-93 for 11 and Cahaba for 7 months.
iin 1891, 3% p. c.; in 1892,1*2p. c.; in 1893, 4 p. c.; in 1894. Jan., 1 p. c.;
Year end. Jan. 31. 1891.
1892.
1893.
1894.
April, 1 p. c.; July, 1 p. c.; Oct. 1 p. o Russell Sage, Vice-President.
Total net profits...... $663,890
$692,071
$923,551
$685,031
Interest on bonds...
355,956
351,193
547,893
655,074
Sterling Iro n & R a ilw a y .—The property of this company, in
18,033
8,885
5,589
84,129
Orange County, N. Y. (and a few acres in Rockland), consists of 25,000 Miscell. interest, &c.
80,000
80,000
80,000
40,000
acres of land, with furnaces, &c. The company endorses the $471,674 Dividends.................
bonds of the Sterling Mountain Railway. Stock is $2,300,000—Dar.
A U LA U lö kJU i BÜU1 IO«
<p i I if
$50. New York office, 45 William St., New York.
Balance, surplus.... $209,901
$251,993
$290,069 def.$94’ l7 2
Total undivided surplus Jan. 31,1894, was $1,228,257.
Street R a ilw a y an d Illu m in a tin g P roperties.—Or g a n iza
tio n .—Organized in 1893 to enable the General Electric to fund its
D irectors —D. Roberts, M. E. Lopez, J. E. Adger, T. H. Aldrich, W.
floating debt, its stock being offered to the General Electric stockhold Percy, J. C. Haskell, T. W. Myers, W. 8. Gurnee, John H. Inman, C. C,
ers. The $12,188,267 of notes receivable and interest-bearing stock Baldwin, Jas. T. Woodward, A. M. Shook, A. T. Smythe, T. T. Hillman,
. and bonds it was calculated would yield a yearly income of about A. B. Boardman, N. Baxter, Jr., H. F. De Bardeleben; President, N.
$400,000. As the notes and other securities are liquidated, the pro Baxter, Jr.; Secretary and Treasurer, Jas. Bowron. Office, Nashville,
ceeds are applied to cancellation of the principal of the preferred Tenn.—(V. 55, p. 463,551, 810; V. 56, p. 247, 403, 465, 539, 580, 7 1 0 ,
stock, drawn for payment at a premium. When the preferred stock 7 9 1 ;V . 58, p.556, 7 15, 734; V. 59, p.476.)
has been canceled, the remaining assei s will stand to the credit of the
T ex a s Pacific L an d T ru st.—The certificates of this Trust repre
common stock. See V. 57, p. 217, 298, also terms of trust deed in
General Electric item V. 57, p. 722. The pref. stock is being redeemed sent the ownership of the lands formerly belonging to the Texas & Pa
cific Railway. The trustees of the land trust are Messrs. Charles J.
and canceled. Nov. 15,1894, $2,789,300 preferred was outstanding.
Canda, Simeon J. Drake and William Strauss, of New York. On Jan.
D ivid en ds .—On pref., 1894, Feb., 3 p. c.; Aug., 3.p. c. (V. 59, p. 6 96, 1,1894, there remained to the trust 3,058,255 acres of land. $353,1836).
186 deferred payments and $214,378 bills receivable. Cash, $8,197.
The liabilities w ere: Proprietary certificates, $9,207,400; outstanding
“
Sugar T r u st.—S ee A merican Sugar R efining Com pany .
Texas & Pacific Railway, Eastern Division, land securities, $334,134;
¡Sunday Creek Coal Com pany o f C olu m bu s, O h io;—Or due Central Trust Co., $68,000; vouchers unpaid, $21,250. In 1893
g an ization , P r o p e r t y , etc .—An Ohio corporation for m ining and there were sold 9,604 acres and 66 town lots for $29,409, against sales
marketing mineral coal, manufacturing coke, etc., its property con of $24,413 in 1892. Rentals received from grazing lands, $33,251.
sisting of about 14,000 acres of coal lands in Perry and Athens coun Sales of 2,059 acres for $5,559 were canceled in 1893. New York
ties, Ohio, with improvements thereon; also dock property at West Office, No. 11 Pine Street.
Superior, Wis. Full statement to N. Y. Stock Exchange in V. 56, p. 503.
Terminal R R . Association of St. Louis.— e e Railroads.
S
Stock .—P referred stock, $1,500,000, entitled to 5 per cent per annum;
Third Avenue Railway,gN. Y .— Street Railways in front
See
cmmon stock is $2,250,000; par, $100.
of this Supplement.
N ovember, 1894.]
MISCELLANEOUS
STOCKS
ANT)
155
BONDS.
Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
Bonds—
Princi
INTEREST OR DIVIDENDS.
MISCELLANEOUS.
pal,^When Dne.
Date Size, or
Amount
Par Outstanding Rate per When Where payable and by Stocks—Last
of
For explanation of column headings, &c., see notes on
Dividend.
Whom.
Cent. Payable
Bonds Value.
first page of tables.
Union Ferry—Stock........................ .......................................
1st M., gold, red. at 110 after Nov. 1,1895.....................
Union Pacific Goal Company—1st mortgage.....................
United, States Boole—1st mortgage, gold........................... o
United States Cordage—Guar. 6 p. c. stock, $6,000,000....
Preferred stock, 8 p . c., $8.000,000........... .....................
Common stock, $20,000,000..............................................
Underlying liens on Security and Union mills................
Consol. M., $7,500,000, gold (s. f. 1897 drawn 105)...o*
Trust certificates for $875,581..........................................
United States Express—Stock............................... .................
United States Leather—Pref. st’k $60,000,000, cum. 8 p.c.
Deb. for $10,000,000, g.,s.f., 4 p. e., sub. to call at llO.o*
United States Mortgage—Stock........................................
1st mort. trust bonds, “ A” gold, red. after 1898.. .c*&r
do
do
“ B ” gold, red. after 1899.. .c v
&r
United States Rubber—Common ($25,000,000 authorized)
Preferred ($25,000,000 authorized) 8 p. c. non-cum.......
"
Virginia dt Tenn. Coal < Iron—1st M. ($100,000), gold....
6
Wagner Palace Car Go.............................. -..................
$100 $3,000,000
Q.—J
M. & N.
1890 10Ò, &o. 2,200,000
5.000.
000 i g 1890
1.000.
000 6 g. J. & J.
1890
100
6,000,000
6
100
8,000,000
8
100 20,000,000
Var.
Var.
1,005,000
6
6,294,500
1894 100, &c.
6 g. J. & J.
100 10,000,000 See text. M. & N.
100
(Î)
6,000,000
1,000
1893
6 g. M. & N.
J. & J.
100
2,000,000
F. & A.
1,000,000
5
1893 100 &c.
M. & N.
1,000,000
5
1894 100 &c.
100 20,166,000
100 19,400,500 8 per an. See text
M. & S.
1894
6
M’thly.
21,000,000
Tlmrber-Wbyland.— A m erican G r o c e r y Co .
See
Trenton Potteries Company.—Org an ization , E tc .—Incorpo
rated under laws of New Jersey in May, 1892, to take over and con
tinue the business of five Trenton, N. J.. pottery companies which
were then supplying, it was said, about 75 per cent of the country’s
total output of sanitary plumbing ware.
D iv id e n d .—On common stock in 1893, February, 5 percent. On
preferred regularly to June 11,1894. September, 1894, dividend on
preferred was not paid.
A nnual R eport .—Fiscal year ends December 31. Total surplus,
Jan. 1, 1894, $146,046. Profit for 1893, $178,447; paid preferred
stock dividend, 8 p. o., $100,000; surplus for year, $78,447. First
report (for 71 months to December 31,1892), was in V. 56, p. 288, and
a
showed net earnings, $216,534; expenses of administration, $11,435 :
•dividends (4 per cent on preferred and 5 on common), $137,500 ; bal
ance, surplus, $67,599. See adVer. in Chronicle June l l , 1892. A. M.
Kidder & Co., 18 Wall St., N. Y., Fiscal Agents. (V. 56, p. 2 8 8 .)
Trow Directory Printing & Bookbinding.—
See Su p p e e m knt of September, 1894.
Twin City Rapid Transit Co.—See St r e e t R a il w a y s in front
of this Supplem ent .
¥Tnion Ferry.—
This company operates five ferry lines between
« J N. Y. and Brooklyn. Capital stock is $3,000,000; par $100. The
mortgage covers all the company’s property, including 19 ferry
boats, real estate, etc. First dividend of new company (1 per cent)
was paid Jan. 2,1894; in April, 1 p. c.; July 1 p. o.; Oot., 1 p. c. Presi
dent, W. H. Male.
United States Book Company.— reorganization plan pre
No
sented to March, 1894. N. Y. Oflice, 310 to 318 Sixth Avenue. See
S upplem ent of July, 1893.
United States Cordage.— r g an ization .—Incorporated Deo. 20,
O
1893, under laws of New Jersey to succeed National Cordage.
Under the plan (given in full in V. 57, p. 900) all the property of the
■old National Cordage, the 8 mills of the Security Corporation (form
erly leased till 1911 to National Cordage) and the 6 Union Mills were
acquired. In all 22 mills are owned or controlled, among which
are those of L. Water bury & Co., Win. Wall’s Sons, the Boston, Stand
ard, Sewall &Day, Chelsea, etc. The number of spindles controlled is
■6,104, representing it is said about 66 per cent of the manufacturing
capacity of all the cordage mills in the United States. In Oct., 1894,
th e Western Twine Co. was formed to undertake the sale of twine held
as security for loans of the old National Cordage Co. V. 59, p. 740.
Stocks .—The guaranteed stock (for $6,000,000) is entitled to divi
dends (Cumulative after Jan. 1,1895), before anything is paid on com
m on or preferred. It* was issued to retire the Security Corporation
bonds, and beginning with 1896 it is proposed to set aside $100,000
annually out of the net profits, before payment of any dividend on
common stock, for its redemption; can be drawn at 105; has prefer
ence over preferred and common stock in case of liquidation.
I k e preferred is for $8,000,000, of which $5,000,000 given for like
amount of old preferred (assessed 20 per cent) and $3,000,000 issued
to represent the assessments on common and preferred. Preferred
stock has preference in case of liquidation, and dividends are cumula
tive after Jan. 1,1896.
The common stock ($20,000,000) was issued for a like amount of
National Cordage common upon payment of 10 p. c. assessment.
In Nov., 1894, N. Y. Stock Exchange had listed—Common, $17,579,5 0 0 ; preferred, $6,966,330; guaranteed 6 p. c., $6,000,000.
B onds , E tc.—The company has executed a mortgage fo r $7,500,000
{United States Trust Co., trustee), of thirty-year 6 per cent gold bonds,
fo r $100 or $1,000 each, dated Jan. 1,1894, and secured upon all its
property, including stocks and bonds. Under the agreement with the
Security bondholders its lien is to extend over the eight Security mills
{Boston, Standard, New Bedford, Lawrence, Middletown, Chicago, Ohio
nnd American), and when the Union Mills are acquired it will be a
mortgage upon twenty-two mills in a ll; the new bonds will have sink
in g fund of $100,000 per annum after Jan. 1,1897. Of bonds $1,441,-000 were reserved to pay underlying liens on the Sec. and Union Mills.
Trust liquidation certificates for $875,581 were issued to pay part of
the floating debt. To secure these certificates there were pledged ac
counts receivable and personal assets of the National Cordage Co. esti
mated to be worth $1,711,762. The certificates will be liquidated as
rapidly as possible.
G en eral Finances .—Under the reorganization plan the cash con
tributions paid by old common and preferred stockholders amounted
t o about $2,500,000, which will be used as working capital. In May,
1894, new securities listed on N. Y. Stock Exchange. (See Y. 58, p. 820.)
D irectors o f U. S. Cord ag e Co .—F. K. Sturgis, President; William
J L Corbin, Vice-President; Rudolph Keppler, W. W. Sherman, E. F. C.
E
Young, G. G. Williams, W. B. Sewall, Francis Smith, Valentine P.
■Snyder, John Scott, E. Thalmann, G. H. Gossler, H. A. Herrold, John
I. Waterbury, New York. Sec’y and Treas., W. C. Lane. Office, 135
Front St. (V. 57, p. 1083,1124; V.58, p. 816, 820; V. 59, p. 154, 740.)
United State«* Express.— September, 1887, the stock was in
In
creased $3,000,000, raising it to $10,000,000, and the Baltimore S Ohio
c
Express was purchased. Business on the Lehigh Valley system was
acquired in February, 1893 and on the Chicago Milwaukee & St. Paul
in February, 1894. Dividends since 1880—From 1881 to 1887 inclu
sive, 4 per cent; in 1888, 5; in 1889, 5. In May, 1890, 2; in November,
2; in 1891, May, 2 ; then none till November, 1892, 2; in 1893; 4 p. c.;
in 1894, May, 2 p. c.; in November, none. (V. 58, p. 224; V. 59, p.740.)
United States Leather.—Or g an ization , ETC.-Incorporated Feb.
25,1893, under the laws of New Jersey to take over the properties and
Co. office, Brooklyn.
N.Y., H. B. Hollins.
In default.
Oot. 1, 1894
Nov. 1, 1920
May 1, 1921
1910
Aug. *95-1901
N.Y., Manhattan Trust. Jan 1, 1924
N. Y., Office, 49 B’way. May 15,1894
N. Y.,ParkBk.; Boston. May 1, 1913
N. Y., Guar. & Ind. Co. July, 1894
Aug. 1, 1913
do
do
do
do
May 1, 1914
New
N. Y., H.B.Hollins&Co. July 14,1894
Mch. 1, 1904
Balt., Trust & Guar.
N. Y. Office.
business of a large number of concerns for many years engaged in the
tanning and sale of sole and belt leather. Assets, it is said, amount
to at least seven times the amount of the debentures, about 40 per cent
representing real estate and the balance hides, bark and other personal
property. V. 56, p. 757; V. 57, p. 23. Commenced business May 2,1893.
Sto c k .—The capitalization consists of $60,000,000 of 8 per cent
cumulative preferred stock, issued for actual property, exclusive o f
good will, and $60,000,000 of common stock. See wording of pref. cer
tificate in editorial of May 1,1893, Supplem ent .
B onds .—The debentures were issued to furnish working capital. It is
provided in the certificate of incorporation and in the by-laws that no
further debentures or bonds (excepting the $10,000,000 debentures o f
’93) and no mortgage bonds can be issued by the company unless by the
consent of 80 per cent of the preferred stock outstanding at the tim e;
and it is agreed in the debentures that if any mortgage is put upon the
property this issue of debentures shall be equally secured pro rata by
it. Sinking fund 4 per cent of issue yearly, the debentures to be pur
chased or drawn at 110. See adv. in Chronicle of May 6,1893, and
application to N. Y. Stock Exchange V. 57, p. 23.
D ire cto rs , E tc .—Thomas E. Proctor, Mark Hoyt, James Horton,
George A. Vail, Norman Schultz, Edward R. Ladew, James R. Plum.
Patrick C. Costello, Jerry Crary, Lewis H. Lapham, Nehemiah W.
Rice, Joseph H. Ladew, Loring R. Gale, Charles G. Rice, Henry B.
Vaughan, Lyman F. Rhoads, Gurdon B. Horton, Samuel P. Davidge,
Walter G. Garritt, William H. Humphrey, A. Augustus Healy, Charles
H. Lee, Daniel T. Stevens, Charles M. Vail, Frank H. Goodyear. Ed
ward C. Hoyt, James H. Proctor. Officers include: President, Thomas
E. Proctor, Boston; First Vice-President, Mark Hoyt, Brooklyn;
Sec’y, Josiah T. Tubby; Brooklyn, N. Y.; Treasurer, James R. Plum, N.
Y. City. N. Y. Office, 26 Ferry Street. (V. 57, p. 23,145; V. 58, p. 384.)
United States Mortgage Co.—Chartered in 1871. In’January,
1393, company passed under new control.
Stock .—Capital stock is $2,000,000; par, $100. Surplus and undi
vided profits June 30,’94, $705,574. D ivid en ds .—In 1894, July, 3 p. o.
B onds .—In Aug., ’ 93, $1,000,000 first mortgage bonds trust “ A” were
issued, secured by deposit with mortgage trustee of first mortgages on
improved real estate “ in amounts at least equal to the amount of
bonds outstanding.” In May, 1894, series “ B” bonds were authorized
for $1,000,000. . . . . . .
United States Rubber.— rganization and P r o p e r t y .—Or
O
ganized under laws of New Jersey in October, 1892, for the manufac
ture of rubber boots and shoes, etc., and either owned absolutely or per ■
manently controlled nine out of the fifteen concerns then engaged in
this business, including the American Rubber Co. of Boston, the Candee Co. of New HaVen, the Goodyear Rubber Co. of Naugatuck, etc.
Real .estate, machinery, lasts, etc., were appraised at $5,055,000; other
assets, manufactured goods, bills receivable, etc., at $6,491,900. Ap
plication to N. Y. Stock Exch. in 1892, in V. 55, p. 1039; also see V.
56, p. 539. In May, 1893, the Woonsocket Rubber, Marvel Rubber and
Lawrence Felting Companies were absorbed, $5,851,400 preferred and
the same amount of common stock being issued therefor, and $149,000
preferred and $323,400 common were issued in August for stook of
Colchester Rubber Co. and Rubber Manufacturers’ Selling Co.
Stock .—Preferred stock has preference as to assets and earnings,
and no bonded or mortgage debt can be created without consent in
writing of holders of three-fourths of each class of stock. Common is
entitled to all surplus after eight per cent on preferred. See wording
of pref. certificate in editorial of May, 1893, Su pplem ent .
D ivid en ds .—Dividends on preferred were payable May and Novem
ber, but in October, 1893, changed to January and July; 1894, Jan.,
5 ^ per cent; July 4 per cent.
E arnings .—The annual statement (V. 58, p. 681) gives no earnings,
but contains a balance sheet of Mar. 31,1894, showing bills and accounts
payable, $450,258; due for mdse., $349,527, against bills and accounts
receivable, $576,095; mdse, on hand, $1,156,498; cash, $103,956.
D ire ctors .—Joseph Bannigan, Charles A. Coffin, Samuel P. Colt,
Robert D. Evans, James B. Ford, Charles R. Flint, J. Howard Ford,
Robert M. Gallaway, William H. Hill, Henry L. Hotchkiss, H. B. Hol
lins, George H. Hood, Charles L. Johnson, James P. Langdon, George
A. Lewis, Edwin A. Lewis, M. C. Martin, Frederick M. Shepard, Rich
ard C. Sibley, George Watkinson, John J. Banigan, William L. Trenholm, Samuel N. Williams, Walter S. Ballou, George W. Allerton. The
officers are: President, Joseph Banigan; Treasurer, Charles R. Flint.
N. Y. Office, 88 Reade Street. (V. 55, p. 1036,1039; V. 56, p. 539,
700, 887; V. 57, p. 469; V. 58, p. 681.)
M/lrglnla Sc Tennessee Coal Sc Iron Co.—
This company owns
*
about 100,000 acres of land in the Clinch Valley coal region of Va.,
and in Perry and Letcher counties, Kentucky. Incorporated under
laws of Virginia. The policy of the company has been not to engage
directly itself in mining, but to lease its lands on a royalty. There are
now eight leases in operation on the 12,400 acres covered by the
mortgage, and ten or fifteen more leases can' be made on the balance of
this land. The present eight leases are capable of producing 1,000,000
tons of coal per annum. Royalty is 10 cents per ton.
Capital stook is $5,000,000, of which $1,300,000 is in treasury.
B onds.—First mortgage of 1894 is a first lien on 12,400 acres valued
at $718,000. On Aug. 1, 1894, bills payable were $51,807.
a g n e r P a la c e C ar C o.—Owns and operates the Wagner cars in
use on many of the most important railroad systems of the
United States. V. 59, p. 360.
E arnings .—Year ) 1894, gross, $4,2 3,259: net, $1,439,556.
ending June 30. } 1893, gross, 4,108,589; net,
759;429.
W
196
INVESTORS*
SUPPLEMENT.
[Y o l . LIK,
Subscriber» will confer a great favor by giving immediate notice of any error discovered in tbese Tables;
Bonds—
Princi
MISCELLANEOUS.
INTEREST OR DIVIDENDS.
Date Size, or
pal,When Due.
Amount
For explanation of column headings, &c., see notes on of
When
Par
Last
Outstanding Rate per Payable Where payable and by Stocks—
first page of tables.
Whom.
Bonds Value.
Cent.
Dividend.
Wells, Fargo A Co. Express—
Stock........................................
Western-Transit Co.—
Bonds gu.p.&i.by N. Y. C. ext. in ’94
Western Union Telegraph—
Stock..........................................
Real est bds., g., (fieri on W.U.Bldg., N.Y.C.)s.f. (notdr.).
Debentures (it drawn, surrender is optional)...........o &r
Debentures, sinking fund 1 per cent, drawn at 100 __ c
Collateral Trust bonds ............................................. o*
Westinghouse Electric A Manufactur'g.—
Old com. stook...
Assenting stock....................................................................
First pref.($4,000,000) stock, 7p.c., cum.(see remarks).
U. S. Electric Light Co. bonds ($50,000 paid yearly)___
Old scrip for dividend................................................
Wheeling Bridge A Terminal. By—
1st M., gold.............. c*
Second mortgage (income till March, 1892), gold..........
Wheel. L. Erie A Pittsb. Goal—1st M., gold, recl.'at 105..e*
Whitebreast Fuel—Common stock, $1,200,000.....................
Preferred stock, $800,000...................................................
Scrip for preferred stock dividends 1893-’94..................
Gen. M., (now 1st) gold, s. f., $30,000, drn. at 110.c*<fcr.
Iowa & 111. Coal 1st M., gold, guar., s. f., red. at 110. .c*
Winona Bridge— M., gold, s.f., red. a tliO aft. Mar ’ 98.
1st
H enry B. Worthington (Pum p)—Common stock.................
Preferred as to assets and dividends 7 p. c. cum...........
1884
1872
1875
1875
1888
....
1889
1890
1889
....
1888
1890
1890
....
$100 $8,000,000
J. & J.
4*2 F. & A.
1,000
1,500,000
100 95,370,000 See text. Q .-J .
1,000
1,177,000
7 g. M. & N.
M. & N.
1,000
4,920,000
7
£100 &e
811,134
6 g- M. & S.
5
J. & J.
1,000
8,361,000
50
179,150
50
5.165,481
4,000,000 7 per an. Seetext.
50
550,000
6
M. & S.
"
194,560
1,000
2,000,000
6 g. J. & D.
1,000
1,500,000
6 g. M. & 8.
1,000
907,000
5 g. J. & J.
780,000 See text. Seetext.
100
520.000 See text. F. & A.
100
6
41,600
1,000
480.000
6 g. J. & D.
1,000
560,000
6 g. J. & D.
385,000
5 g. M. & S.
1,000
5,500,000
100
100
2,000,000 7 per an. M. & N.
Wells, Fargo Express.— annual reports or Information. In
No
March, 1888, this company bought the Erie Express of the New
York Lake Erie & Western Railroad Company. Dividends of 8 p9r cent
yearly were paid for many years, but the semi-annual dividend paid in
July, 1894, was reduced to 3 p. c. Stock was increased $1,750,000
January 1,1894, to $8,000,000. New issue given to Southern Pacific
for express privileges for 21 years. (V. 57, p. 684; V. 58, p. 82.)
Western Transit C o .—Owns the piers in Buffalo, N. Y., fleet of
19 steamers and also the barges used by the N. Y. Central on the Great
Lakes. Has valuable real estate in Buffalo. The N. Y. Central owns
its $1,000,000 capital stock.
Western Union Telegraph.—
Chartered under the laws of New
York State on April 4,18567 On Jan. 19. 1881, was dated the grand
consolidation, in which the Western Union raised its stook to $80,000,000, giving par, or $15,000,000, tor the stock and bonds of the Ameri
can Union, 60 per oent in new West. Un., for old a t. & Pao. stock and a
stook distribution of 48*2 per cei.t to West. Union shareholders.
In November, 1887, an issue of $5,000,000 of stook was made in pay
ment for the telegraph system of the Baltimore & Ohio Telegraph Co.
In October, 1892, the stockholders voted to increase the stock from
$86,200,000 to $100,000,000, of whioh $8,620,148 was then paid as
scrip div. to represent surplus earnings expended on the property. Loans
and bills payable June 30,1893, $1,902,380, against $1,846,885 in ’92.
In July, 1894, $550,000 stook was issued for purchase of American
Rapid TeL Co. lines, until recently operated under lease.
D ividends .—In 1887 2 per cent; from Oct., 1888, to Oct., 1894, in
clusive, 5 per oent per annum. In January, 1890, an extra dividend of
% of one per cent was paid and on Dec. 3,1892, a stock div. of 10 p. o.
B onds .—The collateral trust bonds of 1888 (trustee, Mercantile Trust
Company) are issued to retire an equal amount of stook and bonds of
various telegraph and cable companies for the interest or dividends on
which the Western Union Company is liable, these when so retired to
be held as seourity for the new bonds. On June 30,1893. the following
stocks were pledged for the collateral trust bonds: Gold & Stock Tele
graph, $981,200; International Ocean Telegraph, $1,885,400; N. Y.
Mutual Telegraph, $2,443,400; and bonds. Mutual Union Telegraph,
6s, $3,043.000, these being included in the amounts owned by the
company in the following statement.
L eased Companies .—Under leases the company aside from other
rentals pays interest and dividends as below. On June 30,1893, the
company owned the following amounts o f the several issues included
below as outstanding: Franklin TeL, $632,900; Gold & Stook TeL,
$2,425,000; Int. Ocean TeL, $1,908,500; N. Y. Mutual TeL, $2,380,400;
Pacific & At. TeL, $1,457,500; Mutual Union TeL 6s, $3,043,000.
Lease
Int. or div.
bonds
Company, Ac.
expires.
Amount.
% Period, mature.
Am. Tel. & Cable stock.
1932 $14,000,000 5
Q—M No bonds.
Empire& Bay State, st’k
1989
300.000 4
Q—M No bonds.
Franklin Tel. stock___
1975
1,000,000 2*2 M&N No bonds.
Gold & Stook Tel. stook.Jan.,1981
5.000.
000 6
Q-r-J No bonds.
Bonds $500, not mort.
500.000 6
M&N May 1,1895
Intern. Ocean Tel.stook.Jan.,1981
3.000.
000 6
Q—J No bonds.
N.Y.Mut.Tel.stock($25) Feb.,1982
2.500.000 6
10,000,000 6g. M&N May, 1911
Mutual Un. Tel. 1 s t..
Northw. Tel. stk. ($50).My7,1980
2.500.000 IT
J & J ...................
1st mort, int guar___
1.180.000 7
J & J Jan., 1904
Pao. A Atl. stock ($25). 99 years
2.000.
000 4 & J No bonds.
J
Sou. & Atl. stock ($25).999 years
948,875 5
A &0 No bonds.
N. Y., Office, 63 B’way.
N. Y . , Grand Cent. Stat’n
N. Y., Office, 195 B’way.
N. Y., Union Trust Co.
N. Y., Treasurer’s Office.
London,Morton,R.& Co.
N. Y., Office, 195 B’way.
July 16,
Feb. 1,
Oct. 15,
May l ,
May 1,
Mon. 1,
Jan. 1,
1894
1903
1894
1902
1900
1900
1938
N. Y., Office, 120 B’way Oct. 1, 1894
In 15 years.
N. Y., 120 Broadway.
Sept., 1900
Dec. ’91 coup, last paid. Dec. 1, 1939
None paid.
Sept. 1, 1940
N. Y., Mercantile Trust Jan. 1, 1919
N. Y., Office, 18 B’way. Oct. 1, 1891
See text.
Feb. 1, 1894
N. Y., Office, 18 B’way.
N. Y., Atlantic Trust Co. June 1, 1908
do
do
June 1, 1920
N. Y., J. Walker & Son. Sept. 1, 1915
N. Y., Guar. & Ind. Co. Nov. 1, 1894
Westinghouse Electric & manufacturing Co.—O r g a n iz a
Pennsylvania corporation manufacturing and selling dynamos
for isolated and central station lighting, motors and generators for
stationary work and street railways, arc and incandescent' lamps, and
a general line of appliances used in the commercial apolications o f
electrioity for lighting and power purposes. Statement to N. Y. Stock
Exchange was in V. 54, p. 763.
Owns a valuable factory plant in Pittsburg. It operates, under lease
agreements, the factories of the United States Electric Lighting Comany at Newark, N. J., and the factory of the Consolidated Electric
ight Company in West Twenty-third Street, New York City, in the
name of the Sawyer-Mann Electric Company,
In 1891 by exchange of stook secured 14,624 shares of the United
States Electric Lighting Company out of a total of 15,000.
The report for 1893-94 stated that work on the new manufactory atr.
East Pittsburg had been begun in January, 1894. In 1893 the com
pany was awarded the contract for the three 5,000 horse-power gener
ators now being constructed for the Cataract Construction Co. atr
Niagara Falls.
Ca p it a l Sto c k .—The capital stock is $10,000,000; in treasury
March 31, 1894, $328,034 preferred (which had been sold in May.
1894, and $655,369 assenting. All classes of stook have same
voting power. The first preference stook carries cumulative divi
dends o f 7 per cent per annum, with right to participate equally with
other stock after the same shall have received 7 per oent, and prefer
ential as to principal. See wording of preferred certificate in edi
torial of May, 1893, Supplem en t .
D ividen ds .—On preferred stook an interim dividend of 1 per cent
was paid Feb. 1, 1892; in July paid 3*2 per cent; in 1893, Jan., 3*2 ;
July, 3*2 per cent; in 1894, January, 31 per cent. Dividends were
«
J & J., but in April, 1894, a quarterly dividend of 1% p. c. was paid;
July, 1% p. c.; Oct., 1% p. c.
A nnual R epo r t .—Fiscal year ends March 31. Report for 1893-4 in
V. 58, p. 814, showed net earnings from business $1,610,504; from
other sources, $30,304; total, $1,640,809; interest paid on bonds and
sorip, $47,673; dividends on pref. stook, $257,213. The net earnings
are given after charging to operating expenses large sums for altera
tions and additions to buildings and maintaining machinery and tools
in high order. Total to credit of income acoount as per balance sheet.
March 31,1894, $3,822,049; accounts payable, $311,750; bills pay
able, $814,234; bills receivable under discount, $528,551. On May
16,1894, bills payable were only $380,575.
D irectors .—Brayton Ives (Chairman of the Board), Charles Francis
Adams, Lemuel Bannister, August Belmont, N. W. Bumstead, A. M.
Byers, Marcellus Hartley, G. W. Hebard. Henry B. Hyde and Georgs
Westinghouse, Jr. President, George Westinghouse, Jr.; Vice-Presi
dents, Lemuel Bannister, George W. Hebard; Treasurer, P. F. Kobb6.
N. Y. office is at 120 Broadway. (V. 58, p. 8 1 4 , 867.)
Wheeling Bridge & Terminal Railway.—
Receiver’s certifi
cates for $75,000 authorized to complete extension Wheeling to Benwood, 3 miles, which was finished in May, 1894. See S upplem ent .
November, 1893. Extension 2 miles beyond Benwood has been sur
veyed. Stock .—Auihorized $1,500,000; par, $100. No reorganization,
plan in July, 1894. C. O. Brewster is receiver.
tion .—A
E
Wheeling Lake Erie & Pittsburg Coal.—
See S u p p l e m e n t
of November, 1893.
Whltebreast Fuel.—
Owns 10,690 acres coal land in fee in Bureau
County, 111., and Marion County, Iowa, and leases in perpetuity 1,650
acres coal land in Fulton County, 111, and at Marysville and
H Dividends increase *8 p. o. yearly to 6 p. c. in 1898 and afterward.
Swan, Marion County, Iowa, and leases till 1907 the property
L atest E arnings .—Earnings for 3 months ending Sept. 30 were as of the Iowa and Illinois Coal Company (21,700 acres coal and 500
follows. (See V. 59, p. 476.)
acres surface) and guarantees its bonds. 8ee application to
3 mos.
Net revenue. Interest.
Dividends.
Surplus New York 8tock Exchange in full, Chronicle , V. 45, p. 676. The Iowa
1894, June e st... .$1,800,000 $243,500 (1%%) $1,192,000 U$364,50o & Illinois Coal Co¡’s bonds are guaranteed as to both principal and
1893, actual........ 1,749,615
243,262 (1*4%) 1,184,992 321,361 interest. They are redeemable $20,000 yearly at 110, and on June 1,
Nominal surplus Sept. 30,1894, $6,822,133.
1907, the whole issue may be paid at same rate. Report for 1890-91
IT Purchased Am. Rapid TeL Co. with 5,500 shares of stock, leaving was in V. 53. p. 367. Total stock authorized, $2,000,000. The August,
deficit of $185,500 for quarter.
1893, and Feb., 1894, dividends, 4 p. c. on pref., were paid in sorip.
A nnual R epo rt .—Fiscal year ends June 30. Statement for 1893-94 The August, 1894, dividend was not paid.
was in Y. 59, p. 649.
E arnings .—July 1 to Sept. 30,1894 (3 months), net earnings $10,073.
1890-91.
1891-92.
1892-93.
1893-94. against $28,845 in 1893.
Year ending June 30.
$
$
$
$
In year ending June 30, 1893, gross earnings were $1,586,600;
Revenues for the y ea r....23,034,321 23,706,405 24,978,443 21,852,655 net, including other income, $128,927; interest, rentals, etc., $91,181;
Oper.exp’s,rent.,t’xes,&c.l6,428,746 16,307,857 17,482,406 16,060,170 dividends (8 per cent on preferred stock), $41,600; deficit for year,
$3,854. In year 1891-02, gross, $1,064,630; net, $165,721. N. Y. Office,
Net profits.................. 6,605,585 7,398,547 7,496,037 5,792,485 18 Broadway. (V. 53, p. 3 6 7 , 881.)
Dividends paid................ 4,309,606 4,309,639 4,631,820 4,740,064
Winona Bridge.—
Owns bridge over the Mississippi at Winona,
Interest on bonds.............
891,218
890,532
893,386 891,616 Minn.; leased to the Chicago Burlington & Northern, Wlnon * & South
Sinking funds...................
39,991
39,991
39,991
39,991 western and Green Bay Winona & St. Paul. Stock authorized and out
standing, $400,000; par, $100. The sinking fund beg ns March 1,
Total disbursements.. 5,240,826 5,240,161 5,565,197 5,671,671 1898, after payment of 2h¡ P* c. yearly on stook. Earnings in 1893,
Balance of p rofits..... 1,364,759 2,158,485 1,930,840
120,814 gross, $22,230; net, $17,213. V. 53. p. 437.
The following table shows the property and business of the company.
Henry R . Worthington.—
Organized in 1893 under laws of
Miles of Miles of No. of
New Jersey to take over and carry on the extensive business of man
Year. Poles&C’bl’s. Wire. Offices. Messages. Receipts.
Profits.
ufacturing steam pumps and pumping engines, established in 1845 by
1866-67.. 46,270 85,291 2,565 5,879,282 $6,568,925 $2,624,919 Henry R. Worthington. The total assets are said to be nearly double1869-70.. 54,109 112,191 3,972 9,157,646 7,138,737 2,227,965 the entire issue of pref. stock and the profits for three years past to have
1879-80.. 85,645 233,534 9,077 29,215,509 12,782,894 5,833,937 averaged $480,078 per annum, the amount neccessary to pay the divi
189091.-187,981 715,59120.098 59,148,343 23,034,326 6,605,587 upon the preferred stock being $140,000. Company began busi
dend
189192..189.576 739,105 20,700 62,387,298 23,706,404 7,398,545 without bonded or floating indebtedness, and no mortgage can be
ness
189293.-189,936 769,201 21,078 66,591,858 24,978,443 7,496,037
placed on the property except by a vote of holders of 75 per cent of the
189394.-190,303 790,792 21,166 58,632,237 21,852,655 5,792,485
preferred stock. Dividends on preferred, 3 ^ p. c. Nov., 1893; in 1894,
Office, 195 Broadway, New York City. (V. 57, p. 470, 6 3 6 , 639 May, 3*2 p. c.; Nov., 3*2 p. c. (See V. 56, p. 234.) New York office, 8 6
1040; V. 58, p. 81, 263,476,1036; Y. 59, p. 116, 476, 649.)
Liberty St.
N o v e m be r ,
1894.]
BANK, GAS, INSURANCE AND TRUST COMPANY STOCKS.
NEW YORK & BROOKLYN CITY BANKS. (* State banks.)
(See officers, V. 58, p. 82, 83 and 130.)
Ca
(C o m
p a n ie s .
p it a l
.
Par Amount.
Surplus
D iv id e n d s .
at latest
dates, t Period. 1892. 1893. Latest.
K e w If o r b $
$
$
8
America*.... 1 0 0 3,000,000 2,144,300 J. & J.
Am. E xch ... 1 0 0 5,000,000 2,355,600 M. & N.
7
250,000 319,800
100
Bow ery*.... 1 0 0 250,000 5431900 J. & J. 1 2
Broadway.. 25 1 , 0 0 0 , 0 0 0 1,568,600 J. & J. 16
Butch’s’&Dr 25 300,000 267,400 J. & J.
8
7
Central....... 1 0 0 2 , 0 0 0 , 0 0 0 445,000 J. & J.
Chase.......... 1 0 0 500,000 1,200,600 J. & J. 1 0
Chatham ... 25 450,000 960,300 Q.—J. 16
Chemical_ 1 0 0 300,000 7,192,400 Bi-m’ly. 150
_
7
Citizens’ . . . . 25 600,000 377,900 J. & J.
City............. 1 0 0 1 , 0 0 0 , 0 0 0 2,999,200 M. & N. 15
37,300 J. & J.
Clinton*. . . . 1 0 0 300,000
5
30,000
1 0 0 ,0 0 0
Columbia*.. 1 0 0 300^000 264,300 J.* & J.
8
8
Commerce.. 1 0 0 5,000,000 3,537,500 J. & J.
Continental. 1 0 0 1 , 0 0 0 , 0 0 0 222,800 J. & J.
7
C om Exch.* 1 0 0 1 , 0 0 0 , 0 0 0 1,183,100 F. & A. 1 2
East River.. 25 250,000 141,500 J. & J.
8
East Side*.. 1 0 0 1 0 0 , 0 0 0
32,200
5
11th Ward*. 25 1 0 0 , 0 0 0 231,400 J. & J.
8
250,000 104,300 J. & J.
100
100^000
12^800
Fifth........... 1 0 0 2 0 0 , 0 0 0 309^300 J. & J.
6
Fifth Ave*.. 1 0 0 1 0 0 , 0 0 0 1,018,200 Q .-J . 1 0 0
First ........... 1 0 0 500,000 7,274,300 Q.—J. 1 0 0
Fourth........ 1 0 0 3,200,000 2,017,700 J. & J.
7
73,800 M. & N.
14th Street* 1 0 0 1 0 0 , 0 0 0
44,200
2 0 0 ,0 0 0
G allatin___ 50 1 , 0 0 0 , 0 0 0 1,579,500 A. & 0. 12
50 2 0 0 , 0 0 0
55,000
50 2ÓÒÌÒÓ0 545,200
Germ’nAm.* 75 750,000 273^100 F. & A.
7
Germ’n Ex.* 1 0 0 200,000 621,400 May.
16
Germania*.. 1 0 0 200,000 603,100 M, & N. 1 0
6
Greenwich*. 25 2 0 0 , 0 0 0 177,800 M. & N.
Hamilton*.. 1 0 0 200,000
32,200
appointe d in M ay, 1
H’rl’m Riv.*
Hanover___ 100 1 , 0 0 0 , 0 0 0 1,900,300 J. & J.
7
Mide&L’th’r 1 0 0 500,000
90,400
74,700 j . & j.ir
6
Home*........ 1 0 0 looiooo
Hud River* 1 0 0 2 0 0 , 0 0 0 169,100 F. & A.
Imp.& Trad. 1 0 0 1,500,000 5,467,900 J. & J. 20
Irving ........ 50 500,000 335,000 J. & J.
8
Leather Mfr. 1 0 0 600.000 514,400 J. & J. 10
Liberty.......
500,000 112,900
Lincoln....... 1 0 0 300,000 518,200
7
Manhattan * 50 2,050,000 1,923,000 F. & A.
7
Mkt & Fult. 1 0 0 750,000 804,200 J. & J.
8
Mechanics’ . 25 2,000,000 2,113,200 J. & J.
8
Mech. & Tr* 25 400,000 403,300 J. & J.
8
Mercantile.. 1 0 0 1 , 0 0 0 , 0 0 0 1,103,400 J. & J.
6
Merchants’ . 50 2,000,000 944,200 J. & J.
7
Merch. E x.. 50 600,000 143,800 J. & J.
6
Metropolis*. 1 0 0 300,000 744,700 J. & D. 11
Mt. Morris*. 100 250,000 314,600 J. & J.
6
Murr’y Hill* 50 100,000 401,700 Q .-J .
16
Mutual*___
200,000
60,600
Nassau*___ 100 500Ì000 2881700 M. & N.
8
N. Amst’m*. 100 250,000 164,500
New York.. 100 2,000,000 1,974,600 J. & J. 1 0
N. Y. County 1 0 0 2 0 0 , 0 0 0 562,300 J. & J.
8
N. Y. N. Ex. 100 300,000 138,300 F. & A.
6
Ninth.......... 1 0 0 750,000 365,000 J. & J.
Nine’thW’d* 100 100,000
36,300 J. & J.
6
N. America. 70 700,000 607,500 J. & J.
6
Oriental*... 25 300,000 412,400 J. & J. 10
Pacific* ____ 50 422,700 479,600 Q.—F.
8
Park........... 100 2,000,000 3,074,000 J. & J. 10
People’s* ... 25 200,000 259,200 J. & J. 1 0
P h en ix....... 20 1 , 0 0 0 , 0 0 0 449,600 J. & J.
6
Plaza*........
1 0 0 ,0 0 0
114,900
Prod. Exch.* 100 1 , 0 0 0 , 0 0 0 335,200 Ä. & Ó.
6
Republic ... 100 1,500,000 930,500 J. & J.
8
Riverside*.. 1 0 0 100,000
77,300
Seaboard... 100 500;000 228,300 J. & J.
6
Second........ 1 0 0 300,000 575,100 J. & J. 1 0
Seventh___ 100 300,000 112,000 J. & J.
6
Sherman*... 1 0 0 198,800 In liquid ation.
Shoe & L’thr 1 0 0 1,000,000 253,700 J. & J.
8
S ix th .......... 100 200,000 335,900 J. & J. 12
Southern.... 100 500,000 575,500 J. & J.
6
State*......... 100 100,000
19,900
State of N.Y* 100 1,200,000 510,600 M. < N.
fc
6
Third.......... 100 1,000,000 193,100 J. & J.
Tradesmens' 40 750,000 168,000 J. & J.
4
Twe’f.Ward* 100 200,000 110,600
23d Ward*.. lo o 100.000
20,200
Union.......... TOO 1 . 2 0 0 . 0 0 0 278,800
Union 8q.*.. 100 200Ì000 197^600
U. States.... 100 500,000 527,400 Q.—J.
8
W estern___ 100 2,100,000 218,600
6
West Side*.. 100 200,000 281,200 j . & j. 12
Yorkville.. *
100,000
60,500
8
12
7
10
16
150
7
15
2
8
8
7
12
8
2 *3
8
16
100
100
7
6
Surplus & D ividends paid in 1892 < 1893
&
Undiv’ed
and date and amount.
Profits
Par Amount. J’ne30,94 Period. ’92. ’93..Last Paid. %
Ca p it a l .
%
July’94. 4
Com panies .
Atlantic......... 100
$
500,000
$
1
675,7941 Q.—J. 12
Oct., ’94. 3
Oct., ’94. 5
Central.......... 100 1,000,000 5,666,018 Bi-mon 50 50 Nov.,’94. 5
. Oct., ’94. l*a
July’94. 6
Continental. . 100 500,000 359,929
July’94. 6
Farm. L. & Tr. 25 1,000,000 4,263,192 Q.—F. 30 30 Nov.,’94.10
8 Oct., ’94. 2
July’94. 4
Franklin........ 100 1,000,000 800,219 Q .-J . 8
6*3 Nov.,’94. 2
July’94. 3*3 H am ilton ___ 100 500,000 351,288 Q .-F . 3
Iu liqu idat ion. Nov.,’93. 2*a
July’94. 5
100 500,000
6 N ov.,’94. 2
Oct. ’94. 4
Kings County. 100 500,000 566,094 Q .-F . 6
6 July,’94. 3
Nov.’94.25
Knickerbocker 100 *1000000 340,650 J. & J. 6
8 Oct., ’94. 2
July’94. 3*s Longl.L.&Tr.. 100 500,000 308,219 Q .-J . 8
5 July,’94. 2**
Nov.’94. 5
Manhattan... 30 1,000,000 227,808 J. & J. 5
Jan .’93. 2
Mercantile___ 100 2,000,000 2,011,505 J. & J. 10 10 July,’94. 5
8 July, ’94. 4
New.
Metropolitan. 100 1,000,000 1,033,279 J. & J. 6
6 Aug.,’94. 3
July’94. 4
Nassau........... 100 500,000 192,106 F. & A. 6
6 Jan .,’94. 7
July’94. 4
N. Y.Guar.A I. 100 2,000,000 1,552,412 Jan.
July’94. 3
N.Y. Lf. I.&Tr. 100 1,000,000 2,423,134 J. & D. 30 30 June,’94.15
__ new N ov.,’94. 5
Aug.'94. 6
N.Y.Sec.&Tr. 100 1,000,000 1,056,162 __
8 Nov.,’94. 2
July’94. 4
People’s.......... 100 1,000,000 964,955 Q .-F . 8
May’93. 2*3 Real Estate... 100 500,000 298,462 J. & J. . - . . 5 July,’94. 3
6 Aug.,’94. 3
July’94. 4
State............... 100 1,000,000 856,316 F. & A. 6
6 July,’94. 3
Title Gu.&Tr.. 100 2,000,000 968,235 J. & J. 6
U nion............ 100 1,000,000 4,731,640 Q .-J . 20 24 July,’ 94. 6
July’94. 8
U. S. Mortgage 100 2,000,000 705,574 See Mi soel Ian eous Cos.
Oct. ’94.25
United States. 100 2,000,000 9,288,040 J. & J. 28*3 32 July, ’94.16
6 July,’94. 3
Oct. ’94.25
Washington. . 100 500,000 446,162 J. & J. —
July’94. 3*3
* Increased from $750,000 on Nov. 8,1894.
Nov.’94. 3
12
Oct.,’94. 6
n
Aug.’94. 3
May ’94.16
Nov.'94. 5
Nov.'94. 3
16
10
6
894..
12
20
NEW YORK AND BROOKLYN FIRE INSURANCE COMPANIES
Net
D ivid en ds .
Surplus,
Dec. 31,
Par. Amount. 1893.* 1891. 1892. 1893. Last Paid.
Ca p it a l .
Companies .
$
138,818 10
6
44,286
53,242 11
160,578
6*2
3
22,110
1,576,595 14
609,988 10
6
24,541
22,760 10
1,655,835 20
960,333 10
8
5,075
117,575 10
6
32,397
219,320 10
519,935 10
165,508 12
228,291 10
303,419 10
6
16,136
198,012 11
148,289 11
161,437 10
68,419 10
6
18,078
100,693 10
327,471 10
597,390 20
10
10 July,’94. 5
6
July,’94. 3
10
10 Aug.,’94. 5
Broadway. .
6 M ay’94. 3
20 300,000
6*2 3*2 July,’94. 3*2
Citizens’ ___
Aug.’94. 3
6
6
3 Jan.,’93. 3
Com’nw’lt h . 100 500,000
20 July’94.10
14
15-4 July,’94. 7*7
Continental. 100 1,000,000
8 July’94. 4
12*2 10 Oct., ’94. 7*2
40 300,000
Eagle..........
Nov.’94. 5
10
3 July,’94. 3
Empire City. 100 200,000
10
10 July,’94. 3
Farragut___
50 200,000
10*2
20
20 July,’94.10
German Am. 100 1,000,000
7 Aug.’94. 3*2 Germania...
10
10 July,’94. 5
50 1,000,000
July’94. 5
10
8
6 July,’93. 3
50 200,000
Globe..........
8 July’94. 4
10
10 July,’94. 5
200,000
Greenwich..
25
9 July’94. 3
6 July,’94. 3
Hamilton. . .
15 150,000
6*3 July’94. 3*2
10
10 July,’94. 5
50 1,000,000
7 July’94. 3*2 Hanover___ 100 3,000,000
10
10 July,’94. 5
H om e..........
6 July’94. 3
12
12 July,’94. 6
Kings C o___
20 150,000
12 J’në ’94. 6
10
10 July,’94. 5
Nassau........
50 200,000
6 July’94. 3‘
10
10 July,’94. 5
50 500,000
Niagara.......
16 Oct. ’94. 4
6
6 O ct.,’94. 3
25 350,000
North River.
10
10 July,’94. 5
25 200,000
Pacific.........
8 Nov.’94. 4
10
10 Aug.,’94. 5
20 150,000
Peter Cooper
10
10 July,’94. 5
Phenix........
50 1,000,000
10 July’94. 5
10
10 Aug.,’94. 5
25 200,000
Rutgers’ . . . .
8 July’94. 4
6
6 Aug. ,’94. 3
25 200,000
Stuyvesant.
6 Aug.’94. 3
10
10 July,’94. 3
Unit’d States
25 250,000
10
10 Aug.,’94. 5
Westchest’r .
10 300,000
6 July’94. 3
20
20 July, ’94.10
50 250,000
Williamsb’ g.
6 July’94. 3
10 July’94. 5
8 Nov.’94. 2
* Over all liabilities, including re-insurance, capital and sorip.
10 July’94. 5
July’94. 5
10
GAS COMPANIES—(See also “ M iscellaneous ” pages.
6 July’94. 3
10
July’94. 5
6
8
Oct. ’94. 3
July’94. 4
6
10
6
July’94. 3
July’94. 5
July’94. 3
8
12
6
6
Nil.
4
6
6
12
B ro o k ly n
B edford*... 100 150,000
80,000 J. & J.
6
8
Broadway*. 100 100,000
81.52Ì A. & 0.
6
6
Brooklyn*.. 100 300,000 200,000 J. & J.
8
8
C ity ............ 50 300,000 600,000 J. & J. 20
20
8th Ward*.. 100 100,000
25.000
5th Avenue* 100 lOOiOOO
50,000 F. & A.
6
6
First.______ 100 300.000 871,500 J. & J. m
(?)
Fulton*....... 40 200,000 200,000 J. & J.
8
8
Hamilton*.. 100 100,000
50,000 J. & J. 6
6
Kings Co* .. 100 150,000
90,000 J. & J
6*2 7
Long Isl’d*. 100 400,000
J. & J. 7
7
Manufac’rs’ 30 252,000 275,000 J. & J.
8
8
Mechanics’ * 50 500,000 566,499 J. & J. 12
12
Mech.&Tra* 100 300,000 150,000 J. & J. 10
10
Nassau........ 100 300,000 545,000 J. & J. 12
12
North Side.* 100 100,000
75,000
Peoples’ * ... 50 ìoojooo
50,000
Soherme’h.* 100 lOOiOOO
50Ì000
17th Ward*. 100 100,000
50,000 F. & A.
7
7
Sprague___ 100 2 0 0 , 0 0 0 150,000 J. & J.
6
6
26th Ward.* 100 100,000
50,000 J. & J.
6
6
Union*........ 100 100,000
50,000
Wallabout*. 100 100.000
25Ì000 jr. & j . . . . . . .
5
t October 2 for National and August 29 for State banks.
H Changed from M. & N. in 1894.
NEW YORK AND BROOKLYN TRUST COMPANIES.
7 Nov.’94. 3*3 Brooklyn........ 100 1,000,000 1,494,517 Q .-J . 20
14
8
is t
Am erican...
50
25
25
400,000
200,000
200,000
Dividends and Interest.
G as Companies .
(Brooklyn compan’ s, Par. Securities Period.
afloat.
’92. ’93. *Date. %
see Y. 56, p. 82.)
$100 $2,500,000
100 2,500,000
4
25 2,000,000 M. & N. 4
Nov., ’94.2 '
July’94. 3
4 Aug.1,’94.2
50
500,000 F. & A 4
July’94. 6
1,000 5,000,000 J. & J. 5g. 5g. Jan. 1, 1916
July’94. 4
2h 2
Aug., ’93.2
100 1,750,000
250,000 A. & O. 5
1,000
5 Apr. l , ’95-’05
Nov. ’94. 3
1,000
500,000 F. & A. 5g. 5g. Feb. 1, 1940
1,000
250,000 J. & J. 6
6 July 1, 1905
Jan.’94. 2
250,000 J. & J. 5g. 5g. Jan. 1, 1920
1,000
1,050,000
5
July, 1932
1st mortgage........ 1,000 1,050,000 J. & J. . . . . 5
New.
Consol. (Baltimore).. 100 11,000,000 J. & D. 4*2 5 Junel,’ 94.2*a
6
July 1,1910
Mortg ige..$5<>0 & 1,000 3,60ii,000 J. & J. 6
July'93. 2
6 June 1,1900
Che»*!). Gas, M — 1,00@ 1,000,000 J. & D. 6
Jan. ’94. 3
910,000 A. & O. 6
6 Apr. 1 ,19131T
Equitable Gas, M.. 1,000
July’94. 6
1,000 1,490,000 J. & J. 5
5 July 1,1939
Consol., 1st m ort..
8
8 Oct.15’94.1*2
Fulton Mimic.—Stk.. 100 3,000,000 Q.—J.
1,000
300,000 J. & J. 6
6 Jan. 1,1900
Bonds, red. at 100.
25
750,000 J. & J. 8
8 July 2,’94.4
Hartford Gas...........
50 2,000,000
Indianapolis Gas—
?
(?) <>
(?)
July’94. 4
6
1920
1st mortgage........ 1,000 2,650,000 M. & N. 6
Oct, ’94. 3
870,000 J.&D.30 6
8 J’ re 30*94.4
Metrop. (B’kln)—Stk. 100
July’94. 4
250,000 A. & 0. 5
5 Apr. 1,1898
1st m ortgage........ 1,000
July’94.10
Nov.1’ 94. 2
Muni’I (Albany, N.Y) 100 2,000,000 Q .-F . . . . .
500,000 J. & J. 6
6
1,000
July’94. 3
Mutual (N. Y.)—Stk. 100 3,500,000 J. & J. 6*2 8 J’ly 10’94.5
July’ 94. 8
6
7 Oct. 1 ,’94.1*2
Nassau (B’kln)—Stk.
25 1,250,000 Q .-J .
July’94. 4
700,000 M. & N. 5
5 Co.’s option.
8crip....................... Var’s
July’94. 3
160,000
New Memphis (Tenn) 100
July’94. 3*s
Apr. 1,1903
240,000 A. & O. 7
7
Memphis G. L. bds. 1,000
July’94. 3
100 3,750,000
July’94. 4
Various.
5
700,000 J. & J. 5
1st mortgage........ 1,000
July’ 94. 6
6 Deo.,1893,1*2
People’s, (B^klnJ-Stk.
10 1,000,000 Q .-M . 6
July’ 94. 5
400,000 M. & N. 5
5
May, 1907
1st M. red. at 100. 1,000
July’94. 6
Apr., 1900
94,000 A. & O. 6
6
Debenture, 10-20s. Yar’s
Rochester Gas & Eie
1912
5
1st cons, mort....... 1,000 2,000,000 M. & N. 5
20
Aug.’94. 3*2 Washington (D. C.).. 100 2,000,000 Q .-F .
4,000,000
July’P4. 3
5
1933
1st coll, trust bds.. 1,000 3,500,000 M. & N. 5
July’ 94. 3
6 6 O ct.’94.1*2
50 1,000,000 Q.—J.
Williamsburg............
6 Apr. 1.1900
1st m ortgage........ 1,000 1,000,000 A & O. 6
July’94. 2*3
* This column shows last dividend on slocks, and mat'.»I
*'try of bonds.
IT Subject to call at 110.
Pref., (V. 56, p. 82)
Brooklyn G.-L.—Stk.
Central—S tock........
Chic.Econ. Fuel,l stM
Citizens’ Gas-L. -Stk
1st mortgage......
Cons. ($7o0,000) g
Union G.-L.lstM.
Consol., gold...
1SS
INVESTORS’
SUPPLEMENT.
MONTHLY EARNINGS OP PRINCIPAL
[Vol. l i x .
RAILROADS.
Jan.
F eb.
1891* .. (7.464 to 7,474 m .) .
1892*...(7,474 to 7,481 m .) .
188S *............... (7,481m .) .
1894*..(7,481 to 7,458 m .) .
$
2,042,754
2.779,939
3,051,503
2,477,510
$
2,359,035
2,785,120
2,980,774
2,259,471
2,737,342
2,800,407
3,341,577
2,049,810
2.823,942
3,048.518
3,210,084
2,661,859
3,130,620
8,251,161
3,003,440
2,022,423
3,012,508
3.250.425
3.295,304
*2,099,854
3,119,224
3,267.229
3,008,323
1,852,018
3,328,791
3,621,747
3,017,257
2,740,117
1892
..(1,864 m .) .
1898.................(1,864 m .)
1894................. (1.864 m .) .
599,533
675,695
574,113
639,250
058,107
651,244
687,020
788,903
034,763
025,309
696,091
611,064
098,064
702.858
601,958
724.704
744,181
*560,433
750,817
719.349
543,333
902.301
640,015
720,023
(y,388 to 9,3453,379,472
. m )
..(9,345 m .) . 8,727,198
(9,345 to 9.322 m .)
. 3,051,623
3,424.370
3.638,881
2.810,715
. 1,903,453
. 2,056,805
1893..
..(1,999 to 2,f . 1,840,076
53 m .)
1894.. „(2,053 to 2,065 m .) 1,541,16*
.
1,709,020
1,934,679
1,846,000
1,397,90b
511,21£
1 8 9 2 /,...........................(917m .) 594,876
1893/.............................. (917m.J 591,436
.
1894/....................... ....(9 1 7 m.J 496,951
B u ff. R o c h , «fe P it t s b .191,425
236,891
215.69C
.
218,714
476,838
543,099
555,305
494,052
180,355
230,399
232,949
209,391
218,390
230.000
274,089
223,774
246.302
285,494
321,686
210,291
242,943
268.592
307,951
94,807
230,309
254.642
803.850
119.851
222.338
277,200
317,310
271,151
260,705
286,621
310,456
296,174
257,250
290,011
290.982
280,099
280,945
309,322
280,183
*286,044
225,982
282,913
276,908
240,416
251,568
255,097
2.809,863:
3,204,2053,393,157
251,734
881,811
824,& T
4
302,101
265,851
830,497
295,022
293,924
305,571
364.538
352,010
333.257
254,26'
292.95'
280,805
272,628
201,828
277,460
310.858
286,659
268,340
338.421
319,853
273,683
272,073
315,055
275,071
223,863
330,757
352,729
310,005
319,955
420,874
437,400
450.097
364,505
450.573
477,602
524,086
409,991
396,915
416,905
405,919
394,957
413,355
875,010
3.886,340
4.854,790
4,224,755
. 1,365,221
. 1,609,105
. 1,535,588
. 1,380,756
1,388,494 1,510,039 1,608,308 1,602,920 1,600,482
1,450,369 1,589,799 1,671,317 1,702,024 1,793,277
1,260,323 1,568,402 1.599.214 1,696,542; 1.890.873
1,154,252 1,382.119 1,801,471 1,450,489 1,458,683
1,680,592
1,796,095
1,803,207
1,517,609
1,734,985
1,820,388
1,878,020
1,055,552
1,835,659
1,875,031
1,918,824
1.776.053
* 2 , 101,000
1 8 9 1 s ....
.
1893g.
.
.
943,294 1,019,341 1,054,950 1,148.050 1.250.443 1.834,528
1,138,334 1,170,230 1,096,643 1,146,787 1,202,002 1,247,628
1,100,655 1,223,690 1,164,478 1,208,970 1,820,297 1,281,469
704,001
895.258
912,383 1,069,446 1.219.425 1,120,963
1,305,042
1,311,944
1,281,943
1,155,847
1,271,03 1,408,411
1,343,298 1,271,708
1,214,792 1,303,033
1,027,007
St. L. tfe » . Fr. Svs.—
A tc h . & S a n F r a n .—
1892..
1893
1894..
B a lt im o r e tfe O h io —
B a lt.tfe O h io S o u th w .-
B u r l. C e d . R . «fe N o .-
C a n a d ia n P a c ific —
C hen a p ea l«e «fe Ò talo1 891 a ... (931 to 1,251m
.
1,089.19C
974,306
1,003,785
894,118
M a rch .
A p r il.
M ay.
$
<
Ju n e.
J u ly .
A ug.
$
$
S e p t.
O ct.
N ov.
S
D ec.
951,82
717,025
078,158
901.572
807.270
♦800,509
8,554,087 3,073,887 3,949.225 3.981.189 4,018,046 4,524,048 4,807,775 4,845.999
4.130.540 3,912,176 4,366,298 4,039.485 3,727,672 3,003,872 3,972,905 4,512,300
3,284,579 8,272,923 3,224,381 *2,600,29
2,395,951 3,400,740 3,840,927 *4,170,240
1,845,180 1,943,240 1,905,300 1,999,603 2,219,07' 2,372,159 2,322.948 2,303,791
2,090,590 2.054,952 2,059,866 2.095.039 2,080,550' 2,415,112 2,015,029 2,339,607
2,205,104 2,070,828 2,164,848 2,232,128 2.112.07J 2.220,997 2,320,220 2,312,721
1.765.541 1,630,928 1,010,079 1,736,587 1,820,246 2,197,407 2,085,416 *2,103,527
534.149
487,537
520,583
480,371
572,438
083,307
645,744
039.963
557,288
483,901
502,259
495.992
541.773
689,818'
659,004
038.271
581,042
520.302
517.858
534,044
537,106
594,226
590,221
577,334
543,027 *409,026 *453,103 *453,767 *486,809 *594,877 *587,543
000,170
T o t a l.
$
3,005,593 3,753,017 3,479,197 3,274,330
3,855,953 3,944,427 3,742,275 3,390,234
3,255,280 3,705,090 3,475,095 3,060,800
2,602,171 *3,389,731
812,080
723,119
772,005
620,083
87,260,425
39,815,495>
39,011,187"
9,005,803
8,505,950-
4,554,961 4,168,299 48.881,353
4,198,814 3,686,943 47,577,143
2,119.008 2,242,344 24,945,18$
2,138,538 2,199,657 26.093,13»
1,985,390 1,863,047 +25,300,00»
547,874
538,307
*518,492
012,347
0.717,88C
571,425
6,816,01$
*530,049 C0,008,398
2,012,502 2,031,080 1,914,814 20,241,090
2,112,703 2,088,457 1,894,128 21.409,350
2,104,821 2,048,397 1,033,884 20,902,8101,221,471 1,155,408
1,109,780 1,145,042
1,174,569 1,090,051
14,201,707
14,163,607
14,482,72*
654,663
754,560
737,95«
766,070
023,075
761,573
106,822
666,377
065,660
747,420
870,807
740,719
070,407
734,097
801 624
692,204
720,826
744,465
863,120
571,800
680,815
823,185
841,572
698,321
) 2,329,830
2,237,904
3,008,385
2,982,236
2,427,892
2,489,279
3,252,756
3,307,559
2,719,856
2,484,668
2,757,629
2,990,399
2,495,646
2,018.707
2.822.975
3,290,842
2,510,310
2,609,199
3,326,295
3,292,679
2,363,448
2,701,495
3,214,130
2,949,374
2,456,595
3.101.840
3,720,190
3,076,390
2,934,143
1893
1894
296,820
278,410
311,574
296,920
........................(480 to 515 m .) 345,568
353,603
.........(515 m .) . *300,992 *278,791
327,294
825,003
808,986
*281,024
294,700
318,948
330,186
*273,401
234,313
299.012
360,150
♦170,048
298,507
319,970
861,931
*171,094
343,183
337,808
368,035
*214,748
344,798
400,273
897,140
*371,118
341,639
403,180
428,893
*298,147
358,056
415,234
480,172
*350,602
230,282
870,900
*341,543
279,502
399,584
*352,528
3.634,162
4.191,03$
«4,488,225-
1893
1894
......... (922 m .)
.........(922 m .) .
305,108
414,852
378,814
337,857
367,078
353,035
849,666
282,049
373.089
800,987
353.592
272,278
308,410
440.642
369,616
254,926
368,001
402,713
316,428
223,157
442,291
507,348
301,97"
*360,441
527,472
564,608
452.983
*303,990
483,702
528,258
450,286
*390,020
460,102
449,956
306,226
438,080
458,805
303,001
4,785,78»
5,216,240
4,488,767
1891
......(5,721 m .; . 1,948,196 1,878.993 2.131,893 2,105,560 2,097,548 2,147,614
1892
(5,721m .¡ 2,420,917 2,304,102 2.741,041 2,428,017 2.251.019 2,584,17"
.
1893e., .(5,721 to 0,080 m.) . 2,555,182 2,161,446 2,700,356 2,044,658 2.540,294 2,747,979
1894e...( 0.080 to 6,148 m .) . e2,154,823 e2,100,786 e2,515,797 «2,257,234 e2,259,714 e2,883,942
1891..
. 1,893,407 1,707,841 2,029,078 2,023,432 2,131,002 2,375,595
1892..
..(4.273 m .) . 2.236,702 2,266,183 2,498,069 2.356.214 2,585.790 2,970,238
2,242,130 1,978,550 2,480,617 2,805,607 2.818,836 2,912,244
18945.......1 ........ (5 ,0 ._____ 62,109,315 62,182,682 52,428,963 52,177,169 52,568,315 52,440,044
C h ic . R . I s l. «fe P a c .—
1891*.. (3,409 to 3,4"
. 1,097,487 1,022,872 1,219,863 1,207,815 1,281,798 1,287,692
1892*......... ......... (3,4
. 1,292,545 1.321,438 1,403,388 1,336,421 1.250.890 1,470.910
1893*,.. (3,450 to 3,5
. 1,380,150 1,334,705 1,558,008 1.393.052 1,010,757 1,717,104
1894*.........
(3,571 m .)
1,312,505 1,234,787 1,511,074 1,373,370 1,370,774 1,228,09"
2,809,552
2,716,999
e2,593,355
e l,779,220
2,307,000
2,760,012
e2,407,843
e2,493,078
3,093,609
3,109,375
«3,023,550
«2,809,375
2,503,123
2,796,681
2,009,422
*2,208,193
2,747,108
8,062,525
2.002,076
52,750,558
8,186,218 3,278,597 2,762,801 2,585,817 29,314,072
3,207,880 3.304,420 2,874,033 2,601,057 33,770,90$
*3,325,121 53,079,740 »2,677,974 »2,592,259 32,291,176
62,743,061
.
. 3.008,79t
. 3,052,293
. 2,636,980
289,281
374,102
847,547
290,107
.
O h le . M i l « , «fe S t. P .-
302.26C
355,274
373,081
250,993
C h ic . S t. P . M . «& O .-
1891. ...(1,394 to 1,481 m.
1892..................... (1,481 m.
1893....(1,481 to 1,492 m.
485,730
630,029
054,728
693,005
864,112
925.718
877,210 1,002,370
855,118
892,872
809,452
935,389
1,370,919
1,475,417
1,542,114
1.018,436
898,609
940,804
852.098
789 304
939,395
902,540
831,422
♦858,01b
803,754
831,305
708,775
820,938
839,083
718,339
9,333,909
9,959,20»
9,860,52o1
8,713,138 3,880,730 3,541,110 3,524,478 35,352,375
4,135,598 4,038,453 3,522,902 3,544,276 40,412,400
3.520,193 3,848,74b 3,094,534 2,890,231 38,350,482
2,829,845
3,470.050 3,214,162 8,092,049 29,860,837
3,553,520 8,340,281 3,188,9*8 33,349,613
«8,922,658 «3,108,070 «2,534,174 33,005,571
e2,990,873
1.058,452 1,847,4891 1,739,477 1,559,033 1,482,967
1.935.840 2,170,799 1,915,240 1.583,996 1,588,160
1,802,712 2,118,589 2,148,294 1,539,303 1,400,958
1,540,7. 0 1,522,481 1,017,151
16,842,404
18,701,056
19,541,526
457,246
037,598
600,530
550,958
550,411
747,878
718,559
614,035
670,650
628,505
599,216
511,921
578.012
572,404
037,853
601,978
570,274
708,987
655,385
610,206
656.562
720,682
550.203
408,046
680,329
788,483'
531,803
612,503
802,312
977,378
870,831 1,023,972
708,417
990,830
703,487
831,445
965,394
845,291
817,781
872,089
740,114
.8,050,731
9,232,913
8,328,920
......... (330 m .),
353,549
331,702
(880m .) 319,457
368,942
......................... . .................... (330 m .)
303,824
319,827
(830m .)
297,000
280,000
347,302
342.103
374,105
319.000
343,422
328,698
324,579
249.000
332,022
344,901
343,016
247.000
343,404
340,595
343,014
251.000
392,508
359.338
330,230
203.000
375,543
304.302
311,08
292.000
387,320
362,53"
307,048
296.000
407,483
373,205
342,000
300,327
340,754
333,000
303,620
359.748
310,000
4,338,202
4,216,700
3,942,937
144,450
134.873
139,829
158,519
141,983
131,027
148,800
145,903
121,726
119.000
150,051
151,273
121,244
124.000
193,050
165,554
175,000
181,509
105,513
186,000
180,765
169,982
106,000
1,932,924
1,790,848
1,778,950
720,478
098,549
765,990
831,900
889,514
854,035
1892............. (1,140 m .)
686,212
762,033
630,001
678.82
654,304
655,005
708.739
095,628
704.053
785,262
707,200
802,099
1 8 9 3 ............. (1,140 m .)
694,698
084,519
749.720
631,858
072.807
629.203
002.443
585,414
595,376
827,000
823,000
758,000
1894................(1,140 m .)
644,000
569,000
495,00.
624.000
483.000
497,000
500,000
578.00U
000,000
C l. C in . C h ic . & S t. L .1891..
.. (1,032 to 1,850 1,076,897
m .)
986,595 1.050,608 1.040.052 1,020,723 1,000,751
1,305,134
1892d................. (1,850 m .) 1.100,615 1,106,496 1,178.795 1,113.070 1,097.354 1,301,019 1,233,075 1,348,882 1,397,847 1,291,502 1,227,963 1,338,899
1,206,750 1,414,909
1,351,000 1,235,339
1893(1..............(1,850 m .)
1,000,700
961,899 1,202,440 1,108,971 1,184,756 1,208,103 1,205,252 1,207,142 1,237,703 1,250,400 1,100,039 1,300,208
1,110,07b
1894d.............. (1,850 m .)
940.212
876,893 1,055,342 1,004,223 1,020,084 1,021,000
921.562 1,210,078 1,2 j5,077 *1,201,359
C o l. H o c k . V . «& T o i.—
1891
(329
209,277 m .)
178,170
226,440
250,6791
231,504
282,150
318,856
332,134
348,523
335,484
287,587
293,098
1892
................ (329m .).
247,599
221,030
285,929'
287,264
234,804
278,077
277,500
300,334
822,581
316.410
294,004
299,734
1893 ............. .....(3 2 9 m .).
278,427
248,508
245,411
275,522
270,836
303,008
322,847
210,361
807,997
256,326
321,117
218,442
1894..
. . ..............(329m .).186,589 *170,002 *219,500 *232,055 *104,880 *198,535 *208,254
331.408 ♦279.074 *307,811
D e n v . tfe R io G ra n d e —
1891....(1,575 to 1,037m .).
051,627
556.215
650,936
005,213
681,827
708,211
714,109
784,003
807,698
854,244
741,514
062,690
1892. ...(1,037 to 1,040 m .).
720,842
701.993
698,738
624,680
685,495
770,570
775,285
945.408
825,740
815,501
848,699
803,229
1893..
. (1,040 to 1,657 m748,016
.).
070,278
781,800
652,834
757,717
747.189
478,891
484,248
578,86«
668,429
037,609
575,430
1894 ................ (1,057 m .).
530,608
482,146
557,011
480,408
500,408
438,801
501,868
614,803
653,039 *700,300
F lln t «fe P e r e M a rq .—
1891
........(027 m .)
253,966
228,336
259,469
286,794
214,450
220,074
225,111
239,558
245,156
256,806
254,364
218,540
1892
........ (030 m .)
242,108
250,270
230,412
807,539
218,590
212.009
216,032
225,434
237,704
240,808
235,015
204.272
1893
..................... (030 to 639 m .) 203,125
230,291
203,015
283,302
253,611
243.009
225,992
200,098
210,008
214,385
189,801
190.272
1894..................... (039 m .)
177,138
208,812
253,758
190,727
187,781
180.505
180,158
206,522
201,012 *215,423
G t. N o rth ’ n S y stem —
1891*.
....(8 ,1 2 2 m .)
793,703
656,026
963,331 1,024,950 1,020,244 1,001,318
882,531
980.511 1,500,859 1,868,918 1,386,495 1,516,779
1892*. .(8,122 to 3,215 m.)
958,102 1,013,045
1,081,541
992,169 1,142,003 1,178,307 1,181,940 1,650,735 2,021,794 1,935,449 1,576,698
1893*...(3,215 to 4,037 m .) 1,067,155
900,640
1,173.057 1,145,493 1,441,405 1,309,822' 1,150,232 1,613,553 1,977,933 1,805,193 1,253,950
1894*................ (4,037 m .)
837,127
837,821
005,512 1,043,443
948,821
982,837 1,361,550 1,363,319 1,070,602 2,147,907
I llin o is C e n tr a l.—
1891. ...(2,875 to 2,884 m .) 1,516,182 1,408,310
1,370,572 1,423,573 1,411,325 1,501,850 1,570,241 1,663,700 1,859,185 1,743,77« 1,830,786
1892. ...(2,884 to 2,888 m .) J 1,504,832 1,570,103
1,410,308 1,458,354 1,005,825 1,449,560 1,591,017 1,762,821 1,878,110 1,709,131 1,803,713
1893.
.... (2,888 m .). 1,546,595 1,462,194
1,542,998 1,739,507 1,952,400 1,789,736 1,908,850 2.170,817 2,668,343 1,872,068 1,730,319
1894
..................... ..................... ..................... (2,888 m .).
1,486,030 1,428,810
1,347,425 1,427,871 1,337,330 1,212,118 1,595,297 1,585,200 *1,799,761
lo w a C e n tra l—
1891
........(497 m .).
127,341
146,059
127,784
152,684
106.320
117,589
128,628
150,812
181,452
190,003
178,853
183.711
1892
........ (497 m .).
173.956
150,262
128,897
140,990
123,508
143,901
152,799
165,887
189,701
190,018
169,081
183,343
1893..
. ...... (497 m .).
152,659
139,269
131,001
171,220
158,299
155,147
131.378
140,433
177,721
201,300
176,64
181,308
1894..
. . . . . (497m .).
149.956
151,051
127,094
156,125
124,242
105,142
127,047
146,509
139,152 *155,987
L a k e E r íe tfe W e s t’ n—
1891
........ (722 m .).
251,998
220,835
230,952
253,454
251,429
238,455
307,003
295,898
310,464
308,555
278,491
313,820
1892
........ (725 m .).
285,279
203.325
202,135
270,075
253,003
202,391
300,106
353,223
348,219
344,905
293,530
310,170
1893. ................... (725m .).
271,008
289,204
294.810
334,909
302,080
307.785
282,978
300,540
310,853
280,030
234,918
270,240
1894...........
(725 m .).
234,068
237,047
245,101
203,825
259,517
258,508
275,942
353,738
310,730 *295,015
C o n is v llle «fe N a s h v .—
1891.. ..« 2 ,«43 to 2,860 m .). 1,690,515 1,529,781 1
1,507,048 1,496,504 1,510,407 1,800,791 1,790,054 1,823,106 *1,963,028 1.821,043 1,791,151
1892. ..,(2,800 le 2,943 m .). 1,581,584 (.784,656 1
1.020,027 1,707,078 1,710,190 1,834,271 1,917,875 1,907,125 2,038,152 1,950,009 2,030,897
1893..
.(2,943 to 2,955 m .).
1,857,609 ,817,508 1
1,675,503 1,701,013 1,713,843 1,007,209 1,523,033 1,480,559 1,019,532 1,734,117 1,674,850
__ I_
1894................... (2.955 m .). 1.054.0101 .481.127 1
1,397,909 1.431,409 1,544,809 1.428.903J 1,092,007 1.688.0901*1,101,435
8,850,340
8,530,724
«8,319,646
.
1891
1892
1893
1894
.
C in . N . O . «fe T e x . P .
.
A la . G t . S o u th e r n —
154,837
143,457
161,486
119.000
150,099
129,989
131.279
100.000
150,308
133.090
144,791
96,000
102.000
671,252
698,419
068,718
642,544
659,820
100.000
13.992,682
14,894,074
13,789,605
3,293,925
3,372,580
3,270,36$
8,484,408
9.221,741
7,731,910
2,900,024
2,880,714
2,725,23$
14,173,073
10,170,139
10,096,40$
18,736,905
19,810,500
22,040,970
1,803,896
1.924,395
1,922,501
.
.
148,199
166,787
148,123
110,000
735,945
W h o le E r la n g e r S y s .
159,665
148,384
152,454
127,000
* Approximate figures.
3.273,355
3,558,483
3,512,021
20,247.527
21,859,477
20.474,63$
+ Total here given for year is based on estimated returns for some o f the months.
& B1* 8<W * ° - included Ia the la9t half of 1391
ldy*
o f 1892,1893 and 1894
c Embracing corrections found necessary after monthly totals had been published.
it,I?_°,luile3.S1? 01? 1!!#1 i^Oash & Michigan sinoe July 1,1891.
«Prom and after July 1.1893, includes Milwaukee A Northern.
J Includes Ohio A Mississippi for all the years.
gFigures do not include New York A Long Branca Division.»i?*~7
t iSclSdfs Si^auke^ijlKe'ahore^P^estOTn'after A n g d T a t t f f i
RAILROAD EARNINGS;
November, 1894.]
1 5 »
MONTHLY EARNINGS OF PRIN CIPAL RAILROADS—(Concluded).
Jan.
F eb.
.
.
.
.
.
S
t
Lonimv. N. A . dk Chic.192,356
184,497
(637 m.).
1881.........
202,808
228,241
1802..
.............(687 m.).
204,663
225,912
1898................... (687 m.).
174,976 ; 174,908
1884..
. ......(537 m.).
Mexican Central1891«. . (1,527 to 1,808 m.). 583,770 538,120
1882«.. (1,803 to 1.847 m.). 613,022 607,850
1893«............... (1.847 m.). 634,660 601,771
1884«...(1,847 to 1,860 m.). 717,214 689,188
Min neap. dk St. Louis—
109,700
112,379
1891................... (855 m.).
126,925
101,792
1802................... (865 m.).
126,956
126,375
1898..
. .....(385 m.).
122,463
125,228
i894.................. ¿355 m.).
Mo. K a u a s dk T ex a s1891*. ..(1,791 to 1,672 m.). 713,761 607,802
1892*.. (1,072 to 1,708 m.). 622,654 625,096
1898*. .(1,708 to 1,945 m.). 737,633 641,335
031,070
710,648
1894................(1,945 m.).
Mo. Pac. dk Iron Mt.—
1891.. .. (5,281 to 5,278 m.). 1,942,663 1,882,329
2,087.978 2,206,062
1892..
.. (5,278 to 5,875 m.).
1893
.....(5,375 m.). 2,263.526 2,115,551
1894
.... (5,375 m.). 1,838,5S7 1,686,271
Mobile & Ohio—
(687m.). 823,085 287,095
1891
306,415
285,178
1892
....... (687 m.).
806,032
274,396
1893 ............... ,.(687 m.).
..(687m.). 293,841 250,787
1894
Mashv. Chatt.dk Ht. L.—
357,713
292,523
1891a.......(652 to 810 m.).
434,707
1892a............. ...(810m.).
397,878
402,801
433,462
1898a.......(810 to 885 m.).
1894a..........
(885 m.). 411,775 357,511
N. Y . C. dk Hud. R iv .1801................. (2,096 m.). 3,318,837 3,020,385
1892..
.. ..(2,096m.). 3,321,860 3.505,415
1893..
. (2,096to2,334 3.456,344 3,285,052
m0.
1894.. ..(2,334 to 2,395 m.). 8,171,007 3,003,991
N. Y . L. Erie dk W . 1891.. .(1,687to 1,098 m,). 2,172,270 2,054,403
1892
.... .(1,698 m.). 2.186,570 2,278,623
1803..
........'..(1*701 2,104,862 2,100,482
m.).
1894............... (1,701m.). 1,748,634 1,547,357
N. Y. Ont. dk West’ n—
1891....................(477 m.). 211,800 200,029
1892..
........(477m.). 201,289 217,821
241,796
1893
.......(477m.).
207,488
223,862
257,090
1804..........
¿477 m.)
N. Y . Susa, dk W e s t.101,535
..... ..(157 m.)
1891
115,088
1892
.......(157 m.) 113,932 113,851
104,301
1898................... (157 m.).
114,598
1804.. ..... (157 to 225 m.) 125,303 105,904
Norfolk dk Western—
625,634
695,503
1891....(1,077 to 1,105 m.)
1892. ..(1.105 to 1,349 m.)' 700,262 770,092
1898..
. . ..(1,550 m.)- 683,747 705,418
1894................ (1,567 m.)
653,588
788,154
Northern Central1891..........
(877 m.). 405,501 473,580
1892..
. . .;...(877 m.). 540,910 570,044
....... (377 m.).
1893
587,413
521,718
1894..
. . .... (377 m.). 437,070 398,570
Northern Pacific—
18914. ..(4.064 to 4,439 m.). 1,752,139 1,469,081
1892*. ..(4,430 to 4.405 m.). 1,447,834 1,538,018
1898*.............. (4,495 m.). 1,323,234 1,182,011
1894*................(4,495 m.). 997,81:5 915,047
Pennsylvania—
(All lines east of P. & E.)
1891t...(2,435 to 2,507 m.). 5,312,475 4.739.320
18024..
.(2,507 to 2,610 m.).
5,019,741 5,207,097
18981. .(2,019 to 2.657 m.). 4*923,246 6,127,088
1894+............... (2,657 m.). 4,159,829 4.002.320
Phil a. dk Reading—
1891.................(1,106 m.). 1,712,090 1,470,917
1892.. ............. (1,184 m.). 1,727,214 1,788,774
1893. ...(1,184 to 1,170 m.). 1,505,781 1,631,347
1894
.... (1,170 m.). 1,394,295 1,279,618
i Coal dk Iron Co.—
1,443,761 1,145,647
1891..............
1892(1............
1,532,041 1,778,023
1893d..............
1,882,640 1,918,971
1804d.......
1,584,382 1,480,070
Total both Co.’ s—
2,616,564
1891...................
1892d................
3,259,255 3,566,802
1803d.................
3,388,430 S,550,818
1894d...............
2,978,677 2,759,688
Pittsb. Sh. dk it. E rie18,840
1891........ (133 to 178 m.).
21,075
28,177
1892..
. . . . .(178 m.).
23,501
1893..
......(178 m.).
25,2«0
26,818
. 1894................... (178 m.).
21,506
29,228
Rio Grande W est’n—
1891 ......(405 to 462 m.). 197,973 153,395
1892
.................. (462 to514 m.). 162,301
183,270
147,921
1893........(514 to 529 m.).
149,896
1894................... (,529 m.).
130,780
141,870
St. L. A. dk T. H .116,968
1891................... (239 m.).
118,735
1892...................(239 m.). 113,631 122,449
127.553
■ 1893................ (289 m.).
138,179
111,821
1804................... (239 m.).
117,296
8 1.Louis Southwest.—
1891..
....(1,223 m.). 350,258 347,040
1892.................(1,223 m.). 351,874 871,799
1898*...............(1,223 m.). 435,903 421,300
1894................ (1,223 m.). 305,846 338,180
St. Paul dk Ouluth95,140
1891
.......(248 m.).
90,700
..(248 in.). 121.402 130,778
1892 .......
112,573
1893..
. . . ...(248 m.).
131.403
84,802
1894 .................. (248 m.).
90,159
Southern Pacific Co.—
1891.. . .(0,220 to 6,461 m.). 3,853,191 3,312,369
1892. ...(6,461 to 0,520 m.). 3,510,040 8,420,877
1803..
..(6,526 to 6,6248,794,604 8,527,379
m.).
1894.................(6,624 m.). 3,400,729 3,020,872
Texas dk Pacific1891 ............... (1.409 m.). 614,089 507,589
1892
....(1,499 m.). 545,695 564,687
576,627
1898..
. . ..(1,499 m.).
632,048
1894..........
(1,499 m.). 608,794 462,393
Union Pacific—
1891................. (8,144 m.). 3,115,877 2,779,023
1892.. .(8,148 to 8,158 m.). 3,214,128 2,926,415
1898 ............... (8,167 m.). 3,163,222 2,158,418
18946.. (8,212 to 5.357 m.). 2,272,041 2,200,051
W abash 1891
...(1,880m.). 994,852 944,630
1892
.... (1,880 m.). 1,128,100 1,087,850
1893.. .(1,880 to 1,985 m.). 1,063,829 1,019,846
862,485
905,157
1894... .......(1.935m.).
West. N. Y . dk Penn.1891. ................(669 m.). 290,575 243,175
1892....................(009 m.). 249.604 260,449
256,118
278,314
1808........ (069 to 613 m.).
1894 ..................(643 m.). 209.948 195,839
M a rc h .
A p r il.
M ay.
Jan e.
J u ly .
A ng.
O ct.
No t .
D ee.
T o t a l.
$
217,880
261,004
287,247
234,112
1
207,001
262,714
266,791
230,358
1
230,915
258,498
298,573
233,604
$
289,299
285.175
331,642
247.176
1
272,370
294,257
817,001
220,171
I
277,204
832,159
332,289
296,787
291,826
828,277
362,514
281,663
S
223,887
209,402
247,592
...........
S
230,970
207,888
228,930
*
2,840,021
3,300,102
3,455,570
558,010
035,665
702.410
714,248
591,846
659,840
725,279
606,260
571,495
070,882
712,743
784,301
544,089
619,970
682,235
692,740
037,815
053,077
580,389
035,811
604,373
630,147
639,698
651,567
623,478
631,879
568,201
636,553
054,957
719,200
699,473
........ .
072,735
750,088
718,915
7,374,538
7,903,254
7,981,771
139,137
163,473
160,118
143,845
117,355
140,316
130,802
125,141
134,275
130.575
148,015
140,940
132,240
178,191
166,547
125,702
151,831
178,483
140,025
112,331
151,116
174,213
130,818
169,436
200,759
176,304
162,072
184,135
190,147
200,251
157,745
...........
155,404
179.194
132,552
1,822,840
2.022,062
1,785,205
651,655
631,399
668,121
744,190
682,483
718.923
880,036
781,900
708,780
740,824
890,227
089,531
737,499
770,018
841,077
611,658
795,820
850,452
753,595
740,891
785,858 1,039,753
901,096
998,096
895,598
704,471
840,049 1,026,682
953,400
905,843
1,100,757
...........
1,943,052
2,169,488
2,295,807
1,009,195
1,920,375
1,958.429
2,011,001
1,830,431
1,916.490
1.908.384
2,119,909
1,857,830
1,860,588
2,088,921
1,028,159
1,481,935
1,951,271
2,132,544
1,800,614
1,503,273
2,314,115
2,662,853
1.832,375
1,919,441
2,464,118
2,763,128
1,998,879
1,951,874
294,158
287,204
286,129
281,322
281,361
259,087
250,115
251,008
270,177
263,480
290,426
200,012
250,654
248,092
250,748
245,671
206,333
242,703
250,835
209,035
233,674
249,308
207,184
233,320
277,075
276,919
225,394
248,208
327,581
302,587
333,854
...........
340,663
327,780
344,874
3,500,233
3,341,082
3,SS1,047
306,995
419,498
438,115
408,320
299,337
410,904
386,340
301,908
305,378
418,110
414.376
358,046
306,359
400,986
382,255
350,289
530,454
430.835
411,090
350,074
493,357
447,766
350,932
392,652
479,955
448,127
353,541
377,813
440,702
425,045
382,037
...........
434,089
449.411
377,230
4,739,442
5,150,572
4,727,479
3.383,973
3,577,284
3,965.464
3,547,707
3,341,010
3,035.848
8,705,035
3,272,785
3,474.437
3.043,403
4,001,613
8,304,803
3,571,802
3,641,198
4,197,306
3,337,999
3,713,430
3,798,039
3,920,231
3,158,003
4,046,502
4.061,441
4,063,912
3,894,468
4,128,055
4,212,115
4,221,704
3,788,351
4,040,988 4,050,980 44,264,001
4,003,509 3,845,898 45,590,888
3,897,430 3,580,187 40,710,573
...........
2,291,280
2,472,480
2,644,650
1,991,648
2,234,032
2,495.235
2,378,005
1,880,790
2,440,430
2,617,566
2,501,615
2.024,200
2,584,494
2,742,72«
2,668,688
2,180,421
2,818.392
2.784,059
2,514,000
2,020,224
2,946,268 2,935,317
2.077.501 2,806,680
2,523,535
2,274,224
2,062,881 2,041,562 30,085,633
2,583,144 2,539,137 30,942.925
2,396,373 9,187,207 29,418,045
230,204
251,016
314,193
288,366
228,080
281,484
285,821
251,285
240,309
300,118
322,482
348,481
272,515
332,939
374,198
379.868
298,165
351,380
398,091
369,781
296,899
355,8351
390,80'378,871
282,705
308,201
348,230
308,518
255,195
279,594
325,289
247,829
280,717
268,920
3,050,787
3,473,760
3,901,140
108,302
120,759
1&5.102
137,075
120,933
134,930
145,728
125,834
145,747
151,591
169,663
151,388
155,373
155,002
105,153
157,501
157,705
100,430
104,407
144,895
149,743
162,55?
158,812
131,552
158,124
163,932
155,476
143,792
149,819
163,241
135,030
118,549
189,757
1,650.523
1,713,911
1,782,908
726,135
774,249
940,932
816,155
703,052
788,320
928.015
748,298
704,819
769,552
929,314
932,868
702,797
781,234
829,395
910,114
700,770
800,834
802,509
843,074
828,923
933,460
818,888
959,030
820,770
918,184
775,883
027,658
836,904
868,490
832,228
...........
791,753 9,188,042
904,011 9,952,882
794,911 10,032,01?
537,305
544,081
004,879
495,554
542,979
542,282
507,140
444,078
549,350
550,991
610,205
428,463
570,817
505,171
053,105
493,411
566,194
587,680
500,165
499,918
612,108
653,200r
565,638
596,724
625,919
050,070
582.546
559,558
575,408
023,008
540,498
013.598
030,618
531,218
1,777,946
1,878,678
1,698,510
1,111,197
1,905,201
1,701,451
1,053,257
1,117,387
1.902,772
1,724.375
1,891,986
1,197,476
1,895,832 1.900.470 2,054,297 2,718,888
2,000,069 2,196.298 2.228.005 2,669,230
1,877,646 1,620,822 1,394,42» 1,915,900
1,050,014
705,514 1.774.005 2,203,423
5,218,706
5,449,804
6,095,892
4,012,362
5,370,003
5,740,730
5,895,402
4,704,010
5,385,252
5,079,245
6,001,287
4,247,368
5,440,055
5.592,835
5,782,402
4,162,281
5,079,782
5,578,072
5,552,047
4,759,325
0,212,375
0,220,007
5,471,97?
5,739,055
6,159,557
6,098,024
5,394,510
6,498,083
5,094,725 5,790,829 67,420,841
6,017,282 5,934,923 68,841,843
5,288,152 5,302,840 66,375,223
1,551,400
1,820,593
2,059,025
1,514,844
1,010,320
1,701,441
1,880,975
1,475,250
1,779,222
1,829,209
1,964,059
1,628,230
1,820,849
1,017,290
2,024,749
1,907,307
1,930,874 1,903,775
1,881,253 2,022,040
1,807,378 1,890,907
1,779,014 •1,783,000
2,124,961
2,164,922
1,946,596
1,785,151
1,950,357 1,881,522 22,049,212
2,003,156 1,908,307 23,073,090
1,947,872 1,752,512 22,612,991
1,354,963
1.760.066
1.974.067
1,247,510
1,305,090 1,523,838 1,063,421 1,879,403
1,030,304
1.433,781 2,054,687 2,098,301 1,640,402
1,428,055 2,180,837 2,348,984 1,039,875
1,947,729
1,971,337
1,701,185
1,589,380
2,348,269
1,902,649
2,290,003
1,793,034
2,419,943 1,784,423 21,489,780
2,150,042 1,705,345
2,904,169 2,279,310
2,900,303
3,571,559
4,033,692
2,782,354
2,916.023 3,302,555 3,484,270 3,816,337
3,381,745
3,323,156 4,018,696 4,123,050 3,507,780
2,903,314 3,705,067 4,340,291 3,418,889
3.911,504
3.993,984
3,597,452
3,373,052
4,478,230
4,370,300 8,005,945 43,588,994
4,153,198 3,078,712
4,O07,57S
4,236.599 5,051,053 4,912,031 4,031,822
3,578,185
$
2,479.829 2,461,695 25,880,818
2,507,569 2,400,981 27,084,062
2,212,575 2,144,229 24,989,839
...........
35,424
30,291
33,825
44,594
31,106
31,570
40,489
830,955
390,903
500,835
263,151
240,869
223,216
193,550
195,503
219,187
185,379
158,227
2,592,512
2,683,340
2,253,973
135,152
145,253
127,091
*123,291.
150,868
153,811
139,039
*135,860
125,315
141,01?
119,098
135,190
143,818
126,492
1,435,620
1,531,801
1,553*974
349,400
400,490
314,503
369,237
447,181
422,728
370,213
419,107
577,207
499,771
551,773
*613,500
505,755
483,181
500,788
480,582
512,079
628,278
4,585,790
4,646*699
5,068,856
157,038
203,457
151,811
123,612
152,416
192,799
134,389
140,745
182,777
220.115
162,361
147,825
247,541
248,499
192,946
»103,783
200,572
217,059
150,900
141,282
186,292
93,872
1,829,702
2,180,710
1,713,759
4,051,980
3,960,473
4,013,263
3,380,215
4,288,917
4,132,464
4,004,440
2,730,190
4,510,257
4,593,055
4,017,410
4,194,370
460,040
411,642
514,072
470,237
493,348
418,205
458,007
411,024
514,401
502,367
471,890
446,559
530,701
513,800
449,221
540,247
3,419,427
3,400,015
3,455,251
2,533,221
3,524,741
3,920,412
3,344,017
2,245,591
3,580,289
3,750,150
2,828,874
i»l,725,337
21,029
28,480
33,237
27,170
21,350
26,831
34,396
29,223
27,351
32,263
46,105
31,200
34,575
33,022
54,798
41,097
37,822
36.283
60,716
58.283
35,029
43,074
52,836
58,946
174,718
190,607
179.720
148,628
193,730
212,952
200,035
109,400
204,956
217,895
214,102
106,540
221,705
230,799
219,338
171,130
249,556
249,707
197,91'«
148,049
240,089
255,270
182,440
193,028
250,836
254,669
181,924
218,249
226,950
*238,350
109,097
123,071
138,636
117,479
100,463
106,063
116,130
106,416
135,422 . 128,907
113,426
70,558
100,715
116,643
117,813
80,506
114,896
114,311
126,358
112,115
121,163
135,245
130,280
113,301
336,418
831,973
444,083
364,511
287,950
302,678
411,625
325,191
235,374
303,382
368,900
295,705
270,045
292,043
341,395
. 280,007
822,516
354,601
320,026
275,797
108,471
149,310
131,856
95,064
114,952
137,418
130,052
89,052
170,948
129,930
158,813
140,038
107,925
184,048
150,593
127,969
3,709,440
3,668,426
3.707,057
3,532,542
3,743,327
3,752,020
3,900,204
3,727,507
3,941,225
3,802,599
4,157,951
3,624,89»
505,454
532,458
580,420
501,804
531.963
471,277
522.062
475,521
3,272,986
3,298,161
3,217,417
2,378,560
3,325,810
3,218,242
3,154,815
2,395,5L4
4,892,207 5,238*654 4,707,908 4,134,280 50,449,810
4,700,651 4,860,951 4,487,700 4,085,733 48,972,195
4,242,925 4,711,761 4,229,140 3,682,803 c48.049.548
4,253,497
906,534
060.116
800,522
615,365
590,283
848.519
623,320 *1,017,404
291,140
280,825
320,441
183.566
304,324
270,187
318,491
230,971
333,88»
305,331
302,315
309.051
700,451
794.839
805,123
735,640
810,783
824,359
7,220,409
0,987,700
7,334,293
3,828,090 4,310,050 4,714.032 4,376,434 3,750,807 44,000,781
4,075,290 4,585,21c 4,682,030 4,232,201 3,722,014 45,025,170
2,058,115 3,016,932 3,015,294 3,300,072 2,756,329 37,445,416
62,206,429
995,138 1,038,646 1,047,300 1,291,850 1,373,470 1.356.142
1,023,338
1,134.704 1,052,952
935,369 1,123,025 1,115,302 1,415,427 1.400.143
903,100 1,110,904 1,211,094 1,150,783 1.243.301 1,297,172
1,135,189
1,007,539
873,481
763,601 1,227,8)3 1,075,511
857,241
831,591
268,474
272,856
305,105
239,894
0.820,509
7,191,291
0,881,807
2,539,000 1,985,446 24,955,464
2,392,042 1,858,635 24,702,490
*1,734,838 *1,212,828
21,788
33,547
32.021
30,300
275,016
206,628
320,007
257,171
904,402 9,731,120
954,700 9,838,075
950,051 10,370,327
350,338
823,180
299,031
326,213
312,872
381,201
237,500
319,042
1,333,631 1,203,980 1,348,196 13,951,180
1,411,780 1,185,770 1,151,958 14,108,410
987,602 13,750,158
1,402,703 1,131,479
1,173,108
315.186
335,893
297,031
*307,900
291,202
305,184
270.274
301,119
315,137
232,705
3,013,3! 9
3,530,088
3,491,008
* A pproxim ate furores.
t A nd 66 m iles o f canal.
* D oes not includes W isconsin Central fo r any o f the years.
a W estern A A tla n tic Included from July 1,1891.
b The results o f the operations o f th e Leavenw orth Topeka & Southw estern are excluded in 1891, but n ot fo r previous years, and a fter July in 1894 resu lts
fo r O regon R y. St N avigation and U nion P acific D enver St O u lf are excluded, and a fter A ugust 7 results on D enver L eadville St G unnison are also excluded,
c Em bracing corrections foun d necessary after m onthly totals bad been published.
d Business of the Lehigh Talley and the Lehigh & WUkesbarre departm ents baa been eliminated from these figures f
f Figures are given InSexiean currency.
160
INVESTORS* SUPPLEMENT.
[V ol. táX.
^
Continued fro m page 13 .
M « ’1 Traction iff July, 1893, owned 55,407 shares of common and
s
22,950 of preferred.
A n n u a l R e p o r t — L ast report in C h r o n i c l e , V. 59, p. 422, showed
Yr.end.J’ne 30. 1894.
1893.
1894.
1893.
S t o c k & B o n d s .—
Date. Interest.
Outstand'g.
Last div.. etc.
Gross earnings.$471,926 $324,606 Int. on b on d s....$100,000 $86,076 Common stock $25 ... . . . . . .
Text.
ii\ ■
Net----- ------------ 235,498 137,082 Int. on loans, etc. 7,481
Text,
hi
■
<
'
2,601 Preferred stock $25...............
Other income...
1,084
575 Balance sur. y r .. 95,364 40,732 1st m ortg a g e..........0 1875 7J.-J.15
$219,000
Jan. 15,1905
Taxes..... .......... 33,737
8,247 Tot. Bur. June 30 130,350 40,732 2d mortgage*
, . . . c 1881
J .-J .
285,000
July 15,1911
M.-S.
246,000
B a l a n c e S h e e t of Sept. 30,1894. Capital stock, funded debt and Con. M* $1,125,000... * 1882
Mar. 1,1912
$1,000
loans payable remain the same as June 30.
c&r 5 Trustee Guaranty Trust «fe’safe Deposit Co.
* Free of tax
Assets.
Liabilities. .
Cost o f road and equip..$4,129,207 Capital stock.................. $2,000,000 ninEASED, LINES.—The Germantown Passenger Ry is operated under
St’ks&b’ds of other co.’ s 150,000 Funded debt................ 1 2,000,000 999-year lease from Oct. 1,1881, but rental modified in 1893, stock to
Other perm, investm’ts.
dlvldends as follow s: 1894, $4 50; 1895, $4 75; 1896, $ 5 ;
7,637 Loans and bills payable 135,000
1897, and after that, $5,25.
v
Due by co.’ s & individs.
50,142 Interest on funded debt
Supplies on hand..........
8,348
due and accrued_ 16,666
_
The Green <t Coates st. road is leased for $60,000 yearly interest on
Cash on hand.. . . ___., .
50,065 Due for wages, etc...... .
16,360 Donas, etc.
Taxes, &c.................._
7,883 Profit and loss.. ; ..........
161,606
S ecurities.—
Date, interest.
Outstand’g. Last div,, ete.
Due cos. < individuals .
&
73,650 Ger.Pas.Ry stk.par $50 ........ textQ .-J.
$30,000
Oct.. 1894
1st mort. extended___c 1864 5 J. -D.
67,500 June 1, 1905
$4,403,282
$4,403,282 2d mort.......................... 1879 5 A.-O
160,000 Oot.
1,1899
OFFICERS—
President, E. A.Maher; Secretary and Treasurer. T. W • Green & Coates, $50.... ........ «tifi o - t ^ 10,000 shares
$6Q.-J.j $15 pald ln
Oot., .’ or. .
Olcott. Office, 2389 3d Ave.
Oct 1894
1st mort........................ 1878 6 J .-J . 15
I n d e x — V. 59, p. 4 2 2 ,740.
100,000 July 15,1898
O M A H A , W EB.
P h ila d elp h ia Traction —Incorporated Aug. 21, 1883, and con
trols an extensive system of roads in Philadelphia, Pa.
STOCK AND B on ds — Date. Interest.
Outstanding. Last div. die.
See te x t
Deo.,
1894
Capital stock (par $50).......... text J .-D .
Col. trust gold bonds) 1887 4 g. F.-A.15 $1,124,000 Aug.15,1917
Sub. to call at 105c y Interest, free of tax, payable at People’s Bank.
The bonds are secured by deposit of W. Philadelphia and Union Pas
senger Ry. stock. Loan originally $1,300,000, reduced to present
figures oy sinking fund drawings at 105.
Dividends— ?1885, ’ 86, ’87, ’ 88, ’89, ’ 90, ’9 i, ’ 92, ’93, ’ 94
Per cent.
* 2
3
6
5
4
6
6
6
6
8
Paid at company’s office, 41st and Haverford St., Phila., sometimes
payable in latter part of May and November.
% °TPltal „8™c.k by balance sheet June 30, 1894, was
$7,485,000. In June, 1894, it had been raised to $10,000,000, and in
P A T E R S O N , N. J .
Jhly, 1894, $5,000,000 additional was taken by stockholders at par,
$20
share July 10, $10 Sept. 10, $10 Nov. 10 and $10 Jan
P a terson R a ilw a y Co. (E L E C T R IC .)—Chartered in 1891.
The company is a consolidation of the five horse railways which 10,1895, but many holders paid up in full at once.
existed in Paterson prior to June, 1891. The work of equipping these
SUBSIDIARY L ines—The following are the securities of certain o f the
lines with electricity was finished in November, 1892. The company subsidiary lines, including those owned by the Philadelphia Traction. .
owned and operated 35 miles of electric railway in Paterson, N. J., ex
Security—
Date.
Last
tending to Passaic, Garfield, Clifton, Haledon and Acquackanock City Catharine «feBaifibrldge 1st 1890 Interest.. Outstanding. Apr. div., die
5* A.-O
$150,000
1,1920
STOCK a n d B o n d s — Date.
Interest.
Outstand’g. Maturity.
Continental stk., par. $50 . . . . $ 6 J .-J . I
i 8®
! ™ r.
Stock ($100).. ..........................
.... $1,250,000 ............
1st M., subject to ca ll..c 1879 6%J. - J.
Paterson By. 1st M......... 1888 6 J.-D .
$200,000 June 1,1908
--------350.000 July 1,1909
7%J. - J.
50,000 Aug. 1,1907 Empire 1st mort................ 1870
Paterson City Ry M...... 1890 6 F.-A.
200.000 July,
1900
Pass Gar.&Clifton 1st M.
1887 6 F.-A.
60,000 Feb.20,1910 Phil. & Darby stk, $50. t )
4%J. - J.'
1894
200,000 July,
Div. payable less tax. <
C B.s > ii-r g old’ $L250,- 1 1891 6 g, J.-D . 1,000,000 June 1,1931
< i L
1st mortgage........ ... „ ' .......... 4% M.-N.
000 ($1,000)................ 5 Trustee, Knickerbocker Trust Co.
100,000 May,
1997
The company has no floating debt.
Phila. City Pass. stk.$50.,’ . . . . $ 7 ^ J. - J. 5 | ^ 0 0 8hs. ) July'
lg94
Cross earnings—
1893.
1892. P .e.incr'ase.
1st mort., extended....0 I 86I 5% J .- J .
200,000 Jan. 1,1910
For year ending December 31
.$266,022
$216,113
$49,909
Debentures............................... 7% M .-S.
100,000 Mch. 1,1895
ROAD.—In November, 1894, was operating 35 miles of track in Pat
fe
erson, extending also to Passaic and Garfield, completed Oct. 26,1892. Phila. < GraysF.stk.$50.|| . . . .
J- " J* {
} July’
1894
1st mortgage..................1876
5% J .-J .
100,000 July 1,1919
P H IL A D E L P H IA . P A .
. Qa.
Ridge Av. stock $50.......if ___ Var. Q.-J. 5 15,000shs. > ~
I $28 paid, y Oot-» 1894
E le c tr ic T r a c tio n — (P H IL A D E L P H IA )—Incorporated May 8,
var.J. t 5 30,000shs. i Trl1_ - OQ.
..IT
1893, and acquired the various lines named below. During the year 13th «fe 15th St.......
{ 334,529pd j J " 1?’ 1894
ending June 30,1894, $2,016,723 was spent for equiping the property
1st m ortgage................ ..... 7 % A .-0 ,
100.000 Oct. 1,1903
with trolley.
Consols, $500,000.......... 1894 5%
(1)
1934
STOCK—
Par.
Dividends.
OutsVg.
Last d iv , etc Union stock, $50........................ $9*2 J. - J.
Capital stock.
$50
......
See text.
S lb iS ¥ d }jidy30’1894
1st M. ,$20,000 red’l yrly 1881 5% A .-O .
500.000 MchJ31f1911
Increase o f stock from $2,500,000 to $8,750,000 was authorized by
2d
250;000 Mehr. 31,1910
stockholders in April, 1694, in such amounts and at such times as Westmortgage.................. c 1884 5% A .-O
Phila. stock. $50............... $10 J . - J ;
750.000 July20,1894
directors see fit. Of this $2,500,000 was issued at once at r>ar. in
1st mortgage gold........... 1876 6% A .-0 .
246.000 Apr. 1,1906
October, 1894, an additional $2,500,000, making total $7,500,000 was
2d ($1,000)..................... 1886 *5%M.-N.
750.000 May 1,1926
to be offered to stockholders at par.
* Free from tax.
L eased L ine Dividends, Et c .—TheFrankford & Southwark, under
A nnual R eport .—Report for year ending June 30, 1893, with
a lease for 999 years, from July 1.1893, is guaramceu dividends for
President’s remarks, was in Y. 57, p. 978, and showed the following
the several years named below of the following amount per share :
earnings:
0
1st
2d
3d 4th
5th
6th
7th 8th 9th 10th & aft.
_
_
T E A R E N D IN G J U N E 30, 1893.
$12 $12 50 $13 $13 50 $14 $14 50 $15 $16 $17 $18
Receipts..........................
.$4,986,838
The leases of the Citizens’ Passenger Ry. and the Second dt Third St.
to the Frankford & Southwark Co. were assumed by the Electric Trac Operating expenses................................................................... $3,310,498
Rentals........ ..................: ............................ ................................ 1,283,590
tion. Under the lease the following dividends are payable per share
in the years named :
'$¿,¿94,088
Balance................... ................................. .
.
$392749
C itizens’ Passenger (leased for 999 years, from April 1,1892.
Collateral bonds canceled, $35,000!
1st
2d
3d & 4th.
5th & 6th.
7th and afterward.
$1150
$12
$12 50
$13'
$14
B A L A N C E SH E E T , JU N E 30, 1893,
Assets.
S econd & TNIRO St. Ry. (leased for 999 years from Jan. 1,1893.
Liabilities.
Cash........................
$358,355
1893. 1894-95.
1896-97
1898-99 1900
1901 1902 & aft. Stocks..........i ................. 3,275,561 Capital stock............... $7,485,800
Bonds.......... ............... 1,137,560
$8 50
$9
$9 50
$10
$10 50 $11
$12
Equipment.....................
610,241 Open account.. . . . . . . . . 1,928,797
The Omnibus Company and Lehigh Avenue Company are controlled Construction..................
569,495
through ownership of a majority of stock,
Open accounts............... 5,738,505
L eased and C ontrolled Line S ecurities.—The securities are as
follows :
Total......... ...........$10,552,157
$10,552,157
Miles. Int.
Outstanding.
OFFICERS.—December, 1893, the following were elected: Directors—
Div., de.
Frankford & Southwark,
P. A. B. Widener, William L.
45 Text Q-J $1,875,000 Oct., 1894 Joseph B. Altemus, George Elkins, Thomas Dolan, James MoManes,
Stock, par $50.
W. Elkins. Officers—P. A. B. Widener,
Lorn. & So. St. Pass. 1st M.
5 J-D
150,000 Dec. 1,1901 Presideut; William L. Elkins, First Vice-President; George A.
(Subject to call.)
Widener, Second Vice-President, and D. W. Dickson, Treasurer.
500,000 Oct., 1894
Citizens stock, $50...................11 Text Q-J
INDEX—Vol. 57, p. 978 ; V. 58, p. 716,1073.
Second and 3d St. ($50) _____ 37 Text Q-J 1,060,200 Oct., 1894
Lehigh Ave. stock, $50. . i............. i . .........12°$3^p^d.reS
P IT T S B U R G , P A .
«Omaha Street B y . Co. (H ORSE G A BLE A N D E L E C T R IC .)—
This is a consolidation of all the street railway properties of the city
operated by cable, horse and electric powers. Has the benefit of three
franchises and is authorized to use any motive power except steam.
STOCK a n d B o n d s —
Date. Interest. Outstanding.
M aturity
Stock ($ 1 0 0 )............ . .. .
M .-N .
$5,000,000
......
1st consol. M. ($1,000),
$2,500,000................ 1889 5 M. - N.
2,250,000 May 1,1914
R o ad — Nov. 14,1893, the company operated 891 miles of track.
a
Horse.......... — 18 miles, i Total track operated. «............. 89-5 miles.
gahle............... 6*5 “
i Weight of rail (T & girder 45 lbs. 58 hi lbs.
“ |Number of cars.................................. 270
Electric............. 65
OFFICERS—President, Frank Murphy; Secretary, D. H. Goodrich.
People’ s Traction*—(ELECTRIC.)—A Pennsylvania corpora
tion, having a perpetual charter dated March, 1893, formed to operate
and equip with trolley the People’s Passenger Ry. nearly the entire
capital stock of which was purchased.
STOCK E t c .—
Date. Dividends. Outstand’g.
M aturity.
Capital stock $ 5 0 )
........
............ 200,000 shares
.......... .
$10,000,000 auth.)
$25 paid.
Trust certs., gold, 1893 ? 4 g. F.-A. abt, $5,538,000 Feb. 1, 1943
not subjectto call, $1,000 ) Interest, tax free, payable at Penn. Co. for
Insurance on Lives, etc., trustee.
Trust cirtiflcates are secured by pledge of People’ s Passenger Rv.
stock. Sinking fund $25,000 yearly.
Stock.—In August, 1894, $2,000,000 of stock unissued was
offered to stockholders at $47 50 for half-paid stock ($25 paid) the
issue being underwritten. The entire authorized capital is now out
standing and is all $25 paid. The new capital was needed for improve
ments, extensions, etc.
Citizen*’ Traction Ry. Co.—f CABLE AND TROLLEY.)— In
corporate«! July 6,1887. Annual meeting, thirdMonday in November,
Leased Citizens’ Passenger Railway and Transverse Passenger Rail
way companies, both horse roads. All its lines changed to cable or
electric power.
S t o c k AND B o n d s .—
Date. Interest.
Outstanding.
Last D iv. etc.
Stock ($50) fully paid............ 6 J. - J.
...........
1st mortgage ($1,000) $ 1887 5 A. - O. $1,250,000
Oct. i. ¿927
’ ' l Int. on stock and bonds parable at co.’s office.
Purchase money m ortgs.......................
120,000
.........
ROAD.—In 1893 oompany owned and operated 27’70 miles.
..
Miles.
Miles.
Electric................................ 7
Horse........... ...........*..u....... 8’50
Cable.....................................12,20
Total length ow ned........,27,7Q
A n n u a l R e PORT.— For the ending June 30,1893, shows: Gross earnings......... $722,088
I Taxes, etc........................ $67 090
Operating expenses...... 387,628 I Dividends..............
I 80C O
0O
Net earnings............ 334,460
I Balance surplus for year. 18.326
’
People T raction System—People’ s Passenger R a ilw a y .— interest paid................... 69,044 |
(ELECTRIC.)—Incorporated April 15,1873. Of the capital stock the
O ff ic e r s .—
N ovember , 1894.]
STREET
RAILW AYS.
161
S ecurities P l e d g e d .— These in 1893 included $1,934,100 o f the
. D n q n e in e 'I r a ction Co,—f TROLLEY.)—
-Inoorporated January
25,1890. Operated under aigreement By Pittsburg Traction Co. after $2,000,000 stock of the Union RR. of Providence; $127,600 o f the
200,000 capital stock of the Pawtucket Street Ry. (no bonds) and
January 1,1892.
2,975 000
the
the Union RR.
S t o c k a n d B o n d s — Date. Interest. Outstanding.
Maturity. Providence.of The $3,000,000 first mortgage bonds of $300,000 stock of
Union RR. owns $299,800 of the
of
J
7 . « ........
5 J . - J . $3,000,000
Stock ($50) fully paid | Dlv payabie at Fidel. Title < Trust Co., Pitts’h the Providence Cable Tramway Co. (no bonds). The system has since
&
heen completed.
5 J. - J.
1,500,000
1950
1st m ortgage................ ........
Earnings.—The following shows the operations of the properties
June 30,1893, company’s floating debt was $19,000.
under the old regim e:
ROAD.—In ’ 93 the com pan y leased, controlled or operated 26*50 m iles------- 1893.---------- v
— 1892.----------.
Gross.
Net.
Gross.
Net.
OPFICERS.—President, 0. L. Magee; Secretary, James A. MeDevitt.
Union RR............................. $1,033,263 $176,421 $946,014 $92,074
Pawtucket Street.................
100,236 3,405
74,524 8,639
P ittsb u rg & B irm in g h a m T raction Co. (TROLLEY).—In Providence Cable.................
152,211 27,000
146,394 15,751
corporated Aug. 15,1889; Nov. 19,1889, leased P. &B. Passenger Ry.,
Including South Side Pass. Ry. Co. Has also leased and operated since
T o t a l . . . . . . . . . . . . . . . . ..... $1,285,710$206,829 $1,167,932 $116,464
Dec., 1891, Pittsburg Incline Plane Co. and Mt. Oliver Incline Plane Co.
As soon as the lines should be furnished with electrical equipment a
S t o c k A B o n d s — Date.
Interest.
Outstand’g Last div., <tc- large increase in earnings was expected.
Stock ($50)........................................................ $3,000,000 ............. .
Gen. mort., gold, 5s, ) 1889 5 g . M. -N .
1,969,000 Nov. 1,1929
R IC H ROND, VA.
($1,000).................c* STrustee,Fidelity Trust,Etc.,Co. of Philadelphia.
ROAD—Company owned in 1892 14*01 miles of road.
Richmond Ry. & Electric.»—
This company controls the street
A n n u a l R e p o r t — From the net earnings for Sept., 1894, the company railway traffic of Richmond and Manchester, Va., containing over
will be able to pay all interest on maturing bonds and also cover the 100,000 inhabitants. The present property is a combination of all the
prior existing railway lines of Richmond. It is fully equipped and is
deficit of $7,820 of the last year.
Bond interest.. ................ $110,457 said to be in excellent physical condition. Besides its street railway
Year ending July 1,1894.
Gross earpings..................$297,498 Ineli’e ex. (less div. rec’ d). 71,940 business it does an electric lighting business, which is understood to
he profitable. The total outstanding bonded debt is $1,600,000, making
Expenses and taxes........ 183,420
Bal. deficit for year........
7,820 an interest charge of $80,000 per year.
STOCK and Bonds.— Date.
Interest.
Outstanding.
Maturity.
45*3
N et................................... 114,678 Per cent oper. ex. being.
Capital stock ($100).....................................
$2,000,000
........ .
Income from inclines...... 60,492
5 g. J.-J.
1,600,000
1920
OFFICERS—Directors elected October, 1894, are Dr. J. M. Duff, C. M. 1st mortg., $2,000,000) 1890
$1,000, gold...............5 Trustee, Atlantic Trust Co.
Clark, A. C. Wettengel, Harry Moore, L. H. Jennings, W. R. Ford,
Of the first mortgage bonds the balance unissued is reserved for future
Henry J. Loty.
extensions ana betterments. The net earnings in 1893, in spite of the
business depression, were over $167,000, and for the first six months
Pittsburg Traction Co. (CABLE AND TROLLEY.)—Incorpor of 1894 the net earnings were in excess of those for the corresponding
ated April 14,1887. Leased, Pittsburg Oakland < East Liberty Pass. period o f 1893.
fe
Ry Co. for 999 years from June 17,1887, and road changed to cable.
June 17,1887, Central Transit Co. consolidated with this co. Dec. 17,
1891, operating contract exeouted between this Co. and Duquesne
R O C H E S T E R , N. Y .
Traction Co., to take effect Jan. 1,1892, for 99 years. This Company
Rochester Railway.—(TROLLEY.)—Chartered Feb. 25, 189©
assumes operation of all r’ys formerly operated by Duquesne Tr. Co.
STOCK & BONDS—
Ear. Interest. Outstanding. Last div., ete. Operates about 80 miles of track ia city of Rochester, with extension
to Ontario Beach, 8% miles.
Stock ($2,500,000)....
$50 textF .-A .
(1)
Aug., 1894
Date. Interest. Outstanding. Maturity.
1st mort. 5 s .........e *
. . . . 5 A.-O.
750,000
Oct. 1, 1927
S tock and Bonds—
. . . . $5,000,000
...
Capital stock ($100)........
P.O. & E.L. b’ds. ass’d
. . . . _ .........
7,000
........
500.000 Jan. 1,1902
Roch C’y & B. 1st m. ($500) 1882 6 J - J
D iv id e n d s .— Dividends of 6 per cent per annum have been paid.
175.000 Apr. 1,1919
“
consol. M. ($500) 1889 6 A-O
R oad .—June 30,1892, company operated 15*91 miles of road.
Rochester Railway—
Miles. Consol. M ........................)
Miles.
2,000.000 Apr. 1,1930
1890 5 g . A -O
............— 10*75 Total length of track oper’d .15*91
Track owned.
$3,000,000($1,000)g.o* $Interest payable in N. Y., Phila. and Roches’r.
Seoond track and sidings— 5*16
2d M., $1,500,000, g. > 1893 5 g J -D
750,000 Dec. 1,1933
($1,000 each)..___o* >Interest is payable at Security Tr. Co., Rooh.
1891-92.
A nnual R eport .—
1892-93
$368,105
Gross earnings.......... ...................................... $429,217
Debentures, gold,subj.) iq o i fi 2 M -8
600 000 Mch 1.1911
256,938
Expenses............................
265,784
callafterMar.l, 190L)
0 g‘ - 8
Consolidated mortgage of 1890 and]second mortgage oover all present
N e t .... .................
$163,433
$111,167 and future property of the company, and the bonds are to have their
O F F IC E R S — Pres’t,Geo. W . Elkins; Sec. and Treas., J . G. Traggarth.
principal and interest paid without deduction for any tax payable by
toe company under any law of the United States or New York State,
Seoond. A venue E lectrle R R . —Formerly the Second A ve. and imposed upon the bond for national, State or municipal purposes.
Of the consols sufficient are reserved to retire prior liens, and of the
Passenger R a ilw a y .
seoond mortgage 5s $750,000 to retire the $600,000 of debentures.
S tock and B onds —
Date. Interest. Outstand’g. Last div , < c.
&
Road leased—
Miles.
ROAD.—Owned Nov., 1894. Miles.
Stock ($50)...................................... t e x t J - J $1,000,000
July, 1894
Rochester Electric.................... 40g
Main line, trolley........ ......,...4 6
500,000
1923
1st mortgage...... ............... i ___ 5 J - J
do
do 2d track___ 4*8
Second track............................. 32 ^
Dividends in 1894: January, 2 p. o.; July, 2 p. C.
Sidings............. ........................ 1*2
Total operated Nov., 1894...88
ROAD.—June 30,1893, the old company operated 14*31 miles.
OFFICERS.—President, James D. Callery; Secretary, John C. Reilly.
Weight of rails, 40 to 90 pounds.
A nnual R eport .—
1894.
1893.
Y’rend. June 30. 1894.
1893.
Gross earnings.$748,903 $798,761 Int. on bonds...$195,487 $191,309
PORTLAND, ORE.
N et................... 328,732 368,679 Insurance agst.
(?)
8,750
accidents.......
6,318
17,065
C o n s o lid a t e d S treet R y .—( « LEG TRIO.)—A consolidation of the Other income...
35,685
Multnomah St. Railway, Metropolitan Railway and Portland < Van T a xes.............. 45,166
fc
Balance, sur.. $94,397 $15p,000
Kovar Railway.
Balance S heet .
STOCK and B o n ds .— Date. Interest. Outstanding. Last Div., ete.
BALANCE! SHEET JUNÉ 30, 1894.
Stock paid i n ............................................
$700,000
..................
Liabilities.
Prior Bonds—
Multnomah St. R y ........ .......................
148,000
..................
Cost of road...... .............$8,952,832 Capital stock______ . .$5,000,000
Metropolit’n R j-.ls t M ) 19Q- R . n
145,000
Apr. 1,1901 Cost of equipment........
Funded debt.................. 3,982,000
702,261
$1,000 gold.............. j 189.. b a . o . (15,000dueyrly) to A p .l, 1910 Stocks of other oomp’ s.
398,706
171,000 Bills payable,................
Port. & Van Kovar R y.. .......................
100,000
..................
5,690
C ash ...........................
4,831 Open accounts..............
Con. St. Ry 1st M. gold.) 1892 6 J . - J .
367,000
July 1,1922 Open aocounts..............
5,358
12,920 Taxes accrued................
($1,000) o' sub. to c’ll j Trustee, Mercantile Trust Co., New York.
Profit and loss, surplus.
452,090
Bonds.—Of the rst mortgage gold Os, $393,000 of the issue were
Total............................ $9,843,844
Total........................... $9,843,844
reserved to retire prior bonds outstanding. First mortgage bones
are subject to call at 105 and accrued interest from July 1, 1902,
O f f ic e r s .— President, John N. Beekley; Secretary, Chas. A. Williams
to July 1,1912. After that time at par and accrued interest. Addi Treasurer, Frederick P. Allen.
tional issues of bonds may be made at the rate of not more than $20,000
for each new mile of track constructed and in operation.
Miles. I Earnings .—Net, 1893...$85,053
SAN F R A N C IS C O .
ROAD.—Tbe property comNet earn, for 1st 3 m os,’94 15,387
San Fran cisco, Cal.—The following are the securities of the
prises road........................ .. 27*5 1
leading companies :
Ferry across the Columbia River. I
Outstand’g. Maturity,
S tock and Bonds- •
I r fix r e s t.
10.000 sh.
California Street Cable Co. stock. Monthly.
$900,000
Bonds......................................... 5
J -J
P R O V ID E N C E , R . I.
10.000 sh.
Geary Street RR. CO.................... Monthly.
P rovidence, P a w tu ek ett, R . I . —United T raction & E lec
$671,000
Bonds......................................... 5
A -O
tric C o.—Controls by ownership of stock and bords the entire present Market Street Ry. Co. stock........................
187,500 sh.
street railway system of the city of Providence and of the towns of
Market Street Cable 1st mort.
North Providence, East Providence, Cranston and Johnston, and nearly
($1,000), gold, o., 1883.......... 6 g. J - J $3,000,000 Jan. 1,1913
all the street railways of the city of Pawtucket and towns of Lincoln
2, 000,000
Omnibus Cable Ry. bonds....... 6
A-O
and Cumberland, serving, it is said, a population of about 235,000.
250.000
Park & Ocean RR. bonds...... . 6
J -J
The securities by which this ownership is held are deposited to secure
650.000
Ferries and Cliff House bonds. 6
M-S
10.000 sh.
the bonds below described.
Presidio & Ferries Ry. Co. stock.................
The United Traction & Electric Co. was chartered under the laws of Sutter Street Ry. Co, stock........ Quarterly.
20.000 sh.
New Jersey to build and equip railroads, sell bonds, mortgages, etc.
$900,000
Bonds.......................................... o
M-N
BONDS
Date. Interest. Outstanding. Maturity.
Prov., Paw. Street Ry. ) 1893 5 g. M. - 8. $8,000,000 Mar. 1,1933
1st (coll.) M. $1,000, g 5 Interest payable at Central Trust Co., Trustee.
S T . L O U IS , M O .
Total issue limited to $8,000,000, with provisions for increasing the
U lndell R y . System—C om pton H eig h ts U n io n D epot & .
M erchants’ T e rm in a l R y . Co. o f St. L o u is .—(ELECTRIC.)—
Opened for business Oct. 16,1893. Controlled by Lindell Railway,
which see.
mile of such new track. Secured by mortgage on substantially all the
STOCK AND
Outstand’g.
Maturity.
shares of stock and mortgage bonds of th q Union Railroad Co. of Provi Capital stock BONDS— Date. Interest.
_ ......- •
dence, which in turn owns the entire capital stock of the Providence 1st mortgage, ($100).....................................
gold........ Ï893 6 g. J.-J. 1,000,000 July 1, 1913
Cable Tramway Co., and by mortgage on substantially all the shares of
Guaranteed (endorsed) principal and interest by Lindell Ry. Co.
stock of the Pawtucket Street Ry. Co.
Interest payable in New York or St. Louis. Trustee, St. Louis Trust Co.
Road.—The companies above mentioned were operating early In
ROAD —Runs over the tracks of the Lindell Ry. from Third and
1893, in the cities and towns designated, about 8212 miles of track,
which was to be immediately equipped with electricity, while 211 Washington avenues to Eighteenth Street, continuing thence on Its
e
miles were to be built at once, a total of 104 miles. In November, own track on Eighteenth Street, passing the new Union Depot, to Park
Avenue and thence to Grand Avenue, comprising a loop south on Ne1894, there were completed and in operation 110 miles.
f
163
INVESTORS’
br a fit a Avenue to Shenandoah Avenue, and north on Compton Avenue
to Park Avenue. Laid with 78-pound steel rails. “ Well equipped and
runs through the business and residence section o f the city.” Operated
by Westinghouse system.
SUPPLEMENT.
[Vol. LIX,
St. Ry. 1st mortgage bonds of 1892. In November, 1894, these latter
bonds outstanding had been reduced to about $400,000, dud the ex
change was still in progress. The $400,000 Treasury bonds can only
be issued when the net income of the company is in excess of 10 per
cent of the amount of bonds actually brought out, and upon the sworn
statement of the President of the companv that the money has been
expended for new construction, equipments and betterments, under
terms of the mortgage.
ROAD.—The total mileage is about 20 miles, a considerable portion of
which is double track
In 1894 72-lb “ Shanghai ” rail was adopted.
Previous to 1894 60-lb “ Shanghai ” rail was the standard.
July.
August. September.
October•
Latest Earnings in 1894. ..$ 11,261 $12,853
$12,220
$8,661
16
Per cent gain over 1893........
48
32
L in d e n R a ilw a y (St. tjoxiim).—(ELECTRIC.)—Owns and oper
ates an extensive system of roads in St. Louis and vicinity, it* road
owned was opened in Deoember, 1890. In addition it oontrols the
Compton Heights Union Depot < Merchants' Terminal Ry., opened Oot.
&
16,1893 ; also the Taylor Avenue road, under construction.
STOCK and Bonds—
Date. Interest. Outstand'g. Maturity.
Capital stock ($100).............. .......................... $2,500,000
I s tM .,$1,500,000...c*<fcr> 1891 5 g. F .-A . 1,500,000 Aug. 1, 1911
gold, $l,OO0 each.......5 Interest payable in New York and St. Louis.
ANNUAL REPORT OF THE OLD COMPANY.
The bonds were secured on all the property of the company. Mort
gage Trustee is the Mercantile Trust Co. of New York.
Following is a table of the receipts, etc., of the old company from all
sources. The earnings of the road under the new management have
ROAD.—Operates 33 miles single track in St. Louis and vicinityThe Compton Heights Union Depot < Merchants' Terminal Ry. is 15 shown the gains above indicated :
£
miles in length, and the Taylor Avenue road, under construction, is 9 ...
.
1893.
1892.
1891.
1890.
miles.
All receipts.........-...$93,893 99 $80,653 47 $73,536 76 $52,518 35
37,511 16
Earnings.—No statement of earnings is at hand but the following All expenses........... 52,629 39 46,813 72 47,633 01
indicates the growth of the company’s business:
Net...................... $41,264 60 $33,839 75 $25,903 75 $15,007 Iff
PASSENGERS CARRIED.
E lectric L ight C ontract .— The company has secured the contract
Tear— Passengers.
1893.
1892.
for light mg the entire city by electricity under a 50-year franchise, net
1893........... 14,270,478
4th quarter........3,734,390 3,246,053 profit to be above $12,000 per annum aside from commercial profit.
1 8 9 2..
......12.411.794
3d quarter........3,845,946 3,276,754
O fficers
B. Harrison, President; Leslie D. Thomas, Treas
18 9 1..
......10.944.585
2d quarter........3,801,125 3,338,830 urer ; P. P. .— RussellSecretary.
Thomas,
1890........... 5,549,729
1st quarter........2,899,017 2,555,140
TR O Y, Y. Y.
RElssourl Railroad. Co. ( CABLE, ETC.)—This company controls
T roy City R y . Co. ( i f OSTLT ELECTRIC).—Chartered in 1866.
the Forest Park, Laclede Avenue and Fourth Street Railway Company.
Controls by lease the Troy & Lansingburg RR., which in turn leases
S tock AND Bonds— Date. Interest.
Outstand’g.
Last div., d-c. the following: Troy & Cohoes Ry., Lansingburg & Cohoes Rv..
Stk ($2,400,000) ($100) ........
Q. - J.
$2,300,000 Oct., 1894, 2% Waterford & Cohoes Cos.
lstm ortgage................ 1887 6 M .-S .
500,000
1907
Date.
Interest.
S tock & Bonds
Outstand’g
Maturity.
Subject to call since 1892.
Stock ($100)........ : .............
$ 2,000,000
Dividends in 1894 aggregated 8 per cent.
1st M. Troy & A lbia>, Q
r70
J-J
44.000
Jan. 1,1898.
Horse R R . ( I “ ' ®
ROAD—June, 1894, the company said to control about 23*2 miles.
Troy & Lansingburg \
Line owned.
Miles. I Leased line.
A -O
44.000
Apr. 1,1898
consol, mortgage.. 5 ■ 00
Missouri RR......................
18*8 |Forest Park & Laclede (Elec.) ' 5*4 Troy City lstcon .M .,) 1892
5 g. A -O
1,878,000
Oct. 1,1942
OFFICERS—President, P. C. Maffit.
g.,$2,000,000..c*&r 5 Interest paid by Trustee, Central Trust Co., N. Y
Road—Operates traok in Troy, extenling to Lansingburg, Green
St. L ou is & Suburban—(ELEGTRIC AND STEAM).—This comp’y Island, Cohoes and Waterford. .
Length o f road, owned.
Miles.
is a reorganization of the St. Louis Cable & Western Ry Co., which it
Length o f lines leased
Miles.
10-12 TroytoCohoes........
bought in at the foreclosure sale of the latter’s property June 10.1890. Main line (single traok)...
3 ’72
Branches.............................
2-22 I Lansingburg to Cohoes......... I T
Operates the Midland Street Ry.
-5 I Waterford to Cohoes .......... 1-88
S tock and Bonds— Date. Interest. Outstanding. Maturity, etc. Union D epot......................
Second track......................
7 23 I Second track and sidmgs....... 3-00
Stock ($100)...............................
$2,500,000
Total tracks owned..........
20‘07
St. L. Cable & Western>
. 6 M. - N.
600,000
1914 Wgt. of rail per yd.,63 *2 to 93 *2lbs.
Ry I s tM ..................( 1884:
St. Louis & Suburban
LATEST Earnings.— For the quarter ending Sept. 30,1894, earnings
1st M. ($2,000,000)... 1891 5 F. - A.
1,400,000
1921 w e re :
Income bond s............... 1891 6
300,000
3 mos.
Gross.
Net earn. Oth.inc. Charges. Bal. sur. P. O. op.
1894.........$118,916
$61,709 $814
$30,366 $32,157
ROAD—Operates 28 miles of traok in city of St. Louis and suburbs.
48T1
66,391 1,637
29,541
1893......... 124,749
38,487
46-78
A nnual R eport .—Annual reports show:
T a ylo r A ven u e.—(ELECTRIC.)—Controlled byLindellRR.
Tr.end.Junejo. 1894.
1893
I
1894.
1893.
STOCK and Bonds— Date.
Interest. Outstand’g. Maturity.
$17,242$16,05«
Gross earn........................$422,519 $479,846 Taxes, & c ,....
Capital stock ($100)......................... . . . . . . .
$500,000
Net........... ........ 216,053 251,262 I Dividends.......(5).100,000 40,000
Bonds.............. ................ 1893 6
J.-J.
500,000
1913**
Other inc...........
2,896
1,480 I Balance, sur., year
353 132,978
ROAD.—Has nine m iles o f road under construction.
Interest............. 161,354 63,706 |Tot. sur. June 30.135,676 157,610;
Balance S heet of Sept. 30,1894.
Assets.
Liabilities.
U n ion Depot R R . Co.—(ELECTRIC.)—Controls the Mound
Cost of road and equip.$1,927,810 Capital stook................ $2,000,000
City Railroad and Bonton-Bollofontain© railway companies.
and bonds of
Cap. stock leased roads. * 765,000
Lease. It has a lease of the Jefferson Avenue Rail wav (horse) Stocks cos........ ............
other
726,372 Funded debt.................. 2,000,000
which expires December 31,1894.
Other perma’nt invest.. 2,261,100 Loans and bills payable
51,650
„.STOCK AND Bonds.—
Date. Interest. Outstand’g. Last div.etc Supplies..........................
39,181 Interest on funded debt
Stock (100)..
................................. Text. $4,000,000 See text.
Sundries.........................
5,641
and dividends unpaid.
999
Underlying bonds—
Profit and loss (surp.)..
142,455
Benton-Bellefont. Ry. 1st M.... 1891 6 F-A
500.000 1896-1911
Mound City Ry. Go. 6s, called. . 1884 6 J - J
125.000 1894-1904
$4,960,104 '
$4,960,104
Do
do ($525,000) 1890 6 J - J
400.000 1900-191C
O FFIC E R S .— President, C. Cleminshaw; Sec. and Treas, J. J. Hagen.
1st consol, m ortgage................ 1890 6 A-O
1 , 000,000 1900-1910
Mortgage ($3,500,000)___. : . . . 1893 6 J -D
O F F IC E .— 361 River Street, Troy, N. Y.
1,150,000
1918
D iv id e n d s .— In December, 1893, paid 8 per cent; in 1894, June
p. c.; next Dec.
W O R E S T E R , M ASS,
R o a d .— The company in June, 1894, operated:
W orcester Consolidated Street R a ilw a y (TROLLEY).—
Lines owned—
Capital stock all owned by the Worcester Traction Co., which guaran
Leased lints—
Union Depot Ry. (Electric)..
27 Jefferson Ave. Ry. (Horse)..
tees principal and interest of the debentures. The debentures were
Lines controlled—
issued in 1894 to pay all the floating debt. The, road is now fully
Benton-Beliefontaine
Ry.
equipped electrically and it is believed its earnings will be largely in
creased.
(Electric)..............................
15
Mound City RR. (Electric).. 8
STOCK & Bonds.—
Date.
Interest. Ouistan’ing. Matur’y.dc.
Capital stock, $100.....................
Text.
$700,000
See text.
OFFICERS.—President, John Soullin
1st mort, b o n d s ..........................
5
150,000
1907
Debentures, gold.......e* 1 1894
5 g. F-A.
500,000 Feb. 1,1914
Subjecttocall at 102*2 5 Guaranteed p.&i. by Worcester Traction Co.!
S Y R A C U S E , N. Y .
Bonds. —
These debentures were issued in 1894 to liquidate the in
debtedness incurred in reconstructing the road for operation by elec
tricity, such reconstruction having cost $900,000. No mortgage or’
P eople’ * R a ilw a y Co.—Chartered April 22,1887,
bonded indebtedness of any kind can be incurred except for new mile
STOCK and Bonds—
Interest. Outstand’g. Maturity.
age unless payment of these bonds is first provided for.
Capital stock ($100).....................................
$1,000,000
ls tm o r tg a g e ............... ................ 5 J - J
736,000
1021 <
Dividends.—
For 1891-92.
1892-93.
1893-94.
Per cent..........
4
10
10
ROAD.—June 30,1893, operated: I A nnual R eport .—To June 3 0 :
Miles. I
Road-— In November, 1894, was operating 31*2 miles of trolley road
1893.
1892
Mainline.................................. 11-9 Gross earnings.$145,525 $135,665 in Worcester and vicinity. Rails 85 pounds steel.
Second track........................... 8‘2 |Net earnings... 36,263
31,763
R eal Es t a t e —The company in 1893 owned real estate in the city,
Sidings.....................................
-8 1Other income...
1,333
2,056 on which are located the car houses and stables valued at $200,000.
Taxes........... .
4,822
4,480
Gross, $32,927; net, $18,460
Total track.......................... 20’9 Interest............. 36,800
36,800
Earnings. - i M*y’ î f f Î
Gross, 31,836; net,
9,077
Balance, deficit.
4,026
7,461
A nnual R e p o r t .—Year ends Sept. 30.
O fficers.—President, A. N. Palm er; Treasurer, F. W. Barker.
1893.
1892.
1893.
1892.
Gross earng’s.$337,657 $318,473 Divid’ s . (10)$70,000 <4)$28,000
Net earnings.. 60,600
62,978 Balance. . def. 17,040 sur.19,066
Interest.......:..
7,640
15,912
T E R R E H A U TE , IYD.
Gross, 1 8 9 3 ..:.............. ...$337,657 Gross, 1890
..$243,211
Terre H au te Electric R y . Co.—Incorporated under the laws
1892.........
342,450
1889.
.. 210,836
of Indiana, and in June, 1894, became the owner in fee of all property
1891..................... 275,129
1888.
182,167
theretofore belonging to the Terre Haute Ry. Co., which had been in
successful operation since 1867. The new management has been ex
W orcester T raction (TROLLEY)—Organized in 1893 and pur
tending the lines, improving the tracks and equipment, etc. There are
no competing lines. It is understood the road is exceptionally well built. chased the entire capital stock of the Consolidated Street Ry Co. of
Worcester, consisting of 31*2 miles of track laid with 85-pound steel.
STOCK and Bonds-— Date. Interest. Outstanding. Last Div., etc. The road was operated with horses but the trolley has been introduced
Common stock........................................
$300,000
} a ; , : and extensions built, developing the property’s earning capacity.
Preferred stock.......................................
200 000
1 see lext*
STOCK AND BONDS—
Par. Interest.
Outstanding.
Maturity.'
Terre Hau. St. Ry.lstM. 1892
......
- Seetext.1
............... ...
Common stock.................. . ...
........
$3,000,000
None paid
Preferred stock cumu-> 6
Semi-an.
2,000,000 Aug. 1,1894
T $L0M%00, SLOOOg1 11894 6 g .Q .-J .
600,000 ‘ July 1,1914
lative...........................5 Red. at 105 and accrued div. on 3-mos. notice.
Bonds—The mortgage o f 1804 is for $1,000,000, of which $525,000 Debentures of Ry. Co. guaranteed—see Worcester Consol. St. Ry.
were reserved to retire at or before maturity $500j000 Terre Haute
Dividends on P re F'-I h 1893,3 p. c.; in 1894, in A u ^ 3 p . 0.
N ovember , 1894,]
IN D E X
TO RAILROAD MORTGAGES.
Abstracts of leading railroad mortgages published from time
to time in the Chronicle are indexed below:
Von. P age .
Atchison Topeka & Santa Pe. Old m ortgages.................... 49
546
857
New consol. M. 4s, due 1989; new incomes, due 1989---- 49
2d Mortgage, due July 1,1989....................................
55
101
8t. Louis & San Fran, consol. 4s, due Oct. 1,1990.......... 54
244
Atlantic & Pac. RR. 1st Guar. Trust M. 4s, due Jan. 1,1937.
49 302
. 1st M. Western div. 6s, due July 1,1910...............
49
302
2d M. Western div. 6s, due Sept. 1,1907.......
49
303
Income M. Western div. 6s, due Oct. 1,1910..................... 49
304
AtL & Pac. RR. 1st M. Central div. 6s, due March 1 ,1 9 2 2 ...
49 303
52
205
Balt. Belt 1st mort. 5s, due 1990.,..................................
Baltimore & Ohio Consol. M. 5s, due Feb. 1,1988.................. 46
804
Terminal 1st mortgage, 4*28, due June 1 ,1934............... 59
71
245
Balt. & Ohio Southwestern 1st M. 4 1 due Jan. 1,1 99 0 .___ 51
as,
' 1st, 2d and 3d income mortgage, due Jan. 1,1990............ 51
246
Brooklyn Elevated—Un. El. 1st M. 6s of 1887, due 1 9 3 7....
49 583
Union Elevated 2d M. of 1887, due 1927........................... 49
584
Buffalo & Susquehanna 1st M. 5s, gold, of 1893, due 1913..
57 639
Cambria & Clearfield 1st M 5s, 1891, due 1941....................... 52
976
Central RR. & Bk. Co. of Ga. Col. Trus 5s, due May 1,1937.
45 242
Consol. Mort. 5s, due April 1,1937..................................... 51
571
402
Central RR. Co. o f N. J. Gen. M. 5s, due July 1,1987............ 45
Central Pacific M. 6s, due Oct. 1,1936.........
45
241
Chesapeake & Ohio 1st M. 6s, due July 1,1908....................... 45
54
1st M. Peninsula ext. 6s, due Jan. 1,1911........................ 45
55
1st M. extensions, 6s, due June 1 ,1 9 2 2 ...................
45
55
1st consol. M. 5s, due May 1,1939................... ............. «• 49 147
„
1st consol, on Rich. & All., due 1989.................................. 51
144
2d consol, on Rich. & All., due 1989.............................
51
144
General mortgage, gold, 41 due March 1,1992........... 54
as,
644
Chicago Burl. & Q., Nebraska ext. 4s, due May 1,1927........ 45
441
Chicago & Erie 1st and income mortgages, due 1982............ 51
911
C.M.&St. P., 1st M., Chic.&L.Sup’r div. 5s, due July 1,1921. 45 » 146
45
85
1st M. Chic. & Milwaukee 7s, due Jan. 1,1903......
1st M. Chic. & Mo. River 5s, due July 1,1926.........
45
213
1st M. Chic. & Pacific 6s, due Jan. 1,1910........................ 45
144
1st M. Chic. & Pacific Western 5s, due Jan. 1,1921........ 45
145
Consol. Mort. 7s, due July 1 ,1 9 0 5 ................................... 45
85
1st M. Dakota & Great Southern 5s, due Jan. 1,1916___ 45
213
1st M. Dubuque 6s, due July 1 ,1920.....................
45
144
1st M. Fargo & Southern 6s, due Jan. 1,1924.........
45
212
1st M.. Hastings & Dakota exten. 7s, due Jan. 1 9 1 0 ...... 45
144
45
114
1st M. Iowa & Dakota 7s, due July 1,1908.............
1st M. Lacrosse & Davenport 5s, due July 1,1919.......... 45
114
1st M. Mineral Point 5s, due July 1 ,1 9 1 0 ........
45
145
45
85
1st M River division 7s, due Jan. 1 ,1 90 2 ...........
1st M‘ Southern Minn. 6s, due Jan. 1,1910....................... 45
114
Terminal Mort. 5s, due July 1,1914............
45
212
1st M. Western Union 6s, due July 1,1909.......
45
114
1st M. Wisconsin & Minn. 5s, due July 1,1921..............
45
145
1st M. Wisconsin Valley 6s, due July 1 ,1 92 0 ................... 45
145
General M. 4s of 1889, due 1989..........
48
830
Chicago & Northern Pacific 1st mort. 5s, due April 1,1940..
52 465
Lease to Wisconsin Central, dated April 3,1890............. 52
468
O. Rook I. & Pac. 1st M.,0. Kan. & Neb. Ry. 6s, due July 1,1934
47 262
1st M. Extension & Collat. 5s, due July 1,1934............... 47
260
IstM . St. Joseph & Iowa 6s, due July 1 ,1 9 3 5 ................ 47
261
1st M. Wis. Minn. & Pac. 6s, due Oct. 1,1934................... 47
261
Glnoin. Jackson & Mack’w 1st Con. M. 5s, due Dec. 1,1936.
45 574
Clev. Cin. Chic. & St. L.—Collat. trust St L.Div. 4s, due 1990.
52
42
Colorado Midland 1st M. 6s, due June 1,1936........................ 45
540
Consol mort. 4s, due Feb. 1,1940......................
51
572
Denver & Rio Grande 1st Con. M. 4s, due Jan. 1, 1936........ 47
228
Improvement M. 5s, due June 1,1928............................... 47
229
354
Denver Tramway consol, mort. 6s, due Jan. 1,1910............. 52
Duluth South Shore & At. 1st M. 5s, due Jan. 1 ,1 9 3 7 ........
45 274
EastTenn. Va. & Ga., Cinn. Extension 5s, due 1 9 4 0 ........
52
83
Fort Worth & Denver City 1st M. 6s, due Deo. 1,1921.......... 45
440
239
Georgia Car. & North’n 1st M. 5s, due July 1 ,1 9 2 9 .............. 49
Houston & Texas Central, all new mortgages of 1890.......... 52
242
Iowa Central 1st M. 5s of 1888, due 1938......
49
582
Kan. City Memphis & Birin. 1st M. 5s, due March 1 ,1 9 2 7 ....
45 575
Kentucky Central 1st M. 4s, due July 1,1987.........
45
372
Kings County Elev. 1st M. 5s, due Jan. 1,1925.......
49
237
Lake Erie & Western 1st M. 5s, due Jan. 1 ,1 9 3 7 ..........
46
45
2d M. 5s, due July 1 ,1941..........
54
444
Lehigh Valley of New York 1st 4 1 due July 1,1940.......... 51
as,
114
Louisv. Evans. & St. L. 1st Con. M. 5s, due July 1,1939...... 49
208
Louisville & Nashville Unified mort. 4s, due July 1,1940 ...
51 613
Manhattan Elevated consol. 4s, due April 1,1990.................. 51
248
Mexican Central consol. M. 4s, due 1911 and 1939........
49
177
M. St. P. & S. Ste. Marie 1st Cons. M. 5s, due July 1,1938... 47
142
1st M. Minn. S. Ste. Marie & AtL 5s; due Jan. 1,1926___ 45
243
MtnneapolisStreetR’yconsol.m ort.ofl890, due Jan. 15,1919
52 356
Mo. Kan. & Texas Ry. 1st M. 4s, due June 1,1 99 0 ............... 51
495
2d M. 4s due June 1 1 9 9 0 .......... 1..........................
51
495
Missouri Pacific 1st Cons. M. 6s, due Nov. 1,1920............... 47
287
Mobile & Birmingham 1st M. 5s, due Jan. 1 ,1 9 3 7 ............... 45
274
Mobile & Ohio General M. 4s, due Sept. 1 ,1938.......
47
83
New York Chicago & St, Iiouis 1st M. 4s, due Oct. 1,1 93 7 ..
45 541
N. Y. Ontario & Western Cons. 1st M. 5s, due June 1,1939.
49 238
N. Y. Susquehanna & West. 1st mort. 5s, due Aug. 1,1940..
52
84
Terminal 1st M. 5s, due May 1,1943.................................. 57
512
Norfolk & Western 1st M. Clinch Val. 5s, due June 1,1957.
45 541
208
One-hundred-year mortgage 5s, due Jan. 1 ,1 9 9 0 ....___ 50
Maryland & Wash. Div. 1st M. 5s, due Jan. 1 ,1 9 4 1 ........ 54
204
Northern Pacific general 1st mortgage 6s, due 1921............. 58
903
General 2d mortgage 6s, due 1933.........
58
941
3d M. 6s. due Deo. 1 .1 9 3 7 .........
47
22
Duluth & Manitoba 1st M. Dak. Ex.6s, due June 1,1937.
45 273
Consol, mortgage of 1890, due 1989............
50
279
Collateral Trust Notes of 1893.................
56 1017
Omaha & St. Louis 1st M. 4s, due Jan. 1,1937........................ 45
213
Oregon Pacific 1st M. 6s, due Oct. 1,1900................................ 49
240
Oregon By. A Navigation Col. Trust 5s, due Sept. 1 ,1 9 1 9 ...
51 243
Oreg. Short Line & Utah No. con. M. 5s, due April 1 ,1919..
51 242
51
243
Collateral Trust 5s, due Sept. 1,1919..........................
Peoria & Eastern—O. Ind.& West. 1st M.5s, due A pr.l, 1938.
47 201
Consol. 1st mortgage 4s, due April 1,1940....................... 51
246
Income mortgage bonds, due April 1,1990....................... 51
247
Philadelphia & Reading general M. 4s, due Jan. 1,1958....... 46
679
1st, 2d and 3d Pret. Inc. M. 5s, due Jan. 1,1958............. 47 141-2
Pittsburg & Western 1st M. 4s, due July 1 ,1917................... 45
439
Poughkeepsie Bridge Co. 1st M. 6s, due Aug. 1,1936............ 45
275
Richmond & W. P. Ter. Co. CoL Trust 6s, due Feb. 1,1897..
45 575
Consol. 1st collateral M. 5s, due March 1 ,1 9 1 4 .............. 49
115
Rio Grande Southern 1st mortgage 5s, due July 1,1940....... 54
163
Rio Grande West. 1st M. 4s, due July 1,1939.........
49
237
St. P. M. & M. 1st M. Mon. ext., 4s, due June 1,1937.........
45
342
Pacific Extension 1st mort. 4s, due July 1 ,1 94 0 ............. 52
82
St. Louis & San Fran, consol, mort. 4s, due Oct. 1,1990....... 54
244
San Ant. < Aransas Pass 1st M. on ext., 6s, due July 1,1926. 45
fc
372
San Fran. & North Pacific 1st M. 5s, due Jan. 1,1919............ 49
241
Savannah & Western 1st Cons. M. 5s, due Maroh 1,1929___ 49
240
Southern Paolflc gen. M. 5s of 1888,due 1938...........
49
509
163
INDEX.
Von. PAGE.
Southern Pac. of Cal. 1st consol. M. of 1893, due 1937........ 57 1041
783
Southern Railway 1st cons. M. 5s, due July 1,1994............. 59
82
Texas & Pacific 1st M. 5s. due June 1, 2000........................... 47
82
2d M. 5s, due Dec. 1, 2000.......................................... . . . . . 47
242
Toledo Peoria & Western 1st M. 4s, due July 1,1917............ 45
403
Toledo St. L. & Kansas City 1st M. 6s, due June 1,1916____ 45
528
Union Pacific collat. trust notes, 6s, due Aug. 1,1894.......... 53
988
Kansas Pacific consolidated 6s, due May 1,1919........... 58
244
Union Pacific Denver & Gulf con. M. 5s, due Deo. 1 ,1 9 3 9 .... 51
23
Virginia Midland general M. 5s, due May 1,1936.................. 47
270
Wabash 1st M. 5s, due May 1,1939.......................................... 49
272
Wabash 2d M. 5s, due Feb. 1 ,1 9 3 9 ................................ ........ 49
273
Deb. M. 6s, due July 1,1939..................... .......................... 49
Detroit & Chicago Exten. 1st M. 5s, due July 1 ,1 9 4 1 ... 54 1049
109
Western New York & Penn. 1st M. 5s, due Jan. 1,1937........ 47
110
2d M., 3 to 4 per cent, due Oct. 1,1927............................., 47
176
West Shore 1st Mi 4s of 1889, due 2361................................... 43
759
Wisconsin Central Co. & RR. Improv. 5s, due May 1 ,1931.. 53
RAILROAD
AND OTHER M APS
SUPPLEMENT.
IN
THE
The railroad maps in the Supplement and maps of certain
coal companies’ properties may be referred to easily by the
index below. These maps are prepared with much care in the
Chronicle office, and are intended to show as clearly as poss
ible the precise location of the various railroads represented
and their strategic position in commanding business.
Map.
P age.
Atlantic & Pacific. See Atchison Topeka & Santa Fe........ 1 6 ,1 7 ,1 8 ,1 9
Atchison Topeka & Santa F e........ ........................................ 1 6 ,1 7 ,1 8 ,1 9
Baltimore & Ohio....................................................................................... 23
Baltimore & Ohio Southwestern. See Baltimore & Ohio.................... 23
Bridgeport Traction Co..................... ............. ............. ........................ 5
Buffalo Rochester & Pittsburg............................................................... 25
Buffalo & Susquehanna............................ -................- ............................ 27
Canada Southern. See New York Central............................................. 98
Contralla & Chester............................................
33
Central Pacific. See Southern Pacific....................................................129
Central RR. of New Jersey.................................................................... 31
Chesapeake & Ohio..................................
35
Chicago Burlington & Quincy..................... ............. ............. ............... 37
39
Chicago & Eastern Illinois...............................
Chicago Great Western.......... ............... ................ ............................... 41
Chicago Milwaukee & St. Paul..................................... ............................ 43
Chicago & Northwestern.........................
46
Chicago Rock Island & Pacific.............................................................. •• 48
Chicago St. Paul & Kansas City. See Chicago & Great Western....... 41
•Cincinnati Hamilton & Dayton...... ............................- .......................... 50
Cleveland Akron & Columbus................ ................................................. 52
Cleveland Cincinnati Chicago & St. Louis............................................... 53
Cleveland Lorain & Wheeling.................................................................. 54
Colorado Midland. See Atchison Topeka & Santa Fe......................... 18
Columbus Hooking Valley & Toledo..................................................... 56
Delaware & Hudson Canal Co.’ s Lines................................................... 58
Delaware Lackawanna & Western......................................................... 60
Denver & Rio Grande.................................................... ......................... 62
. 72
Dubuque & Sioux City. See Illinois Central................................
. 64
Elgin Joliet & Eastern.....................................................................
.129
Galveston Harrisburg & San Antonio. See Southern Pacific...
.114
Grand Rapids & Indiana. See Pennsylvania R R ........................
. 69
Great Northern.,.............................................................................
.129
Houston & Texas Central. See Southern Pacific........................
. 72
Illinois Central.................................................................................
.135
Kanawha & Michigan. See Toledo & Ohio Central.....................
, 77
Kansas City & Independence Air Line.........................................
74
Kansas City Pittsburg & G ulf......................................................
, 77
Kansas City Suburban B e l t .......................................................
. 78
Lake Erie & Western.......................... ..............................................
. 98
Lake Shore & Michigan Southern. See New York Central.......
. 80
Lehigh Valley...................................................................................
. 82
Louisville & Nashville.................... ...............................................
. 84
Louisville New Albany & Chicago..................................................
. 87
Mexican Central..............................................................................
. 98
Michigan Central. See New York Central...................................
. 90
Minneapolis & St. Louis................................................................
. 92
Missouri Kansas & Texas................................................................
. 94
Mobile & O h io .................................. ...........................................
. 96
Nashville Chattanooga & St. Louis................................................
. 98
New York Central < Hudson R iv e r..;..........................................
&
. 98
New York Chicago & St. Louis. See New York Central............
.101
New York Ontario & Western........... ...........................................
.103
New York Susquehanna < Western. ; ...........................................
&
.105
Norfolk & Western...........................................................................
.108
Ohio River........................................... .............................................
.110
Ohio Southern...................................................................................
.137
Oregon Short Line & Utah Northern. See Union Pacific..........
.112
Pecos V a lley........................................... ....................•.................
.114
Pennsylvania............................... ....................................................
.114
Philadelphia & Erie. See Pennsylvania Railroad.....................
.118
Pittsburg Cincinnati Chicago & St. Louis......................... .
.114
Pittsburg Fort Wayne & Chicago. See Pennsylvania Railroad
.120
Pittsburg Shenango & Lake Erie...................................................
. 62
Rio Grande Southern. See Denver & Rio Grande......................
.123
Rio Grande Western................ ......................................................
125
St. Louis Alton & Terre Haute......................................................
. 19
St. Louis & San Francisco. See Atchison system........................
. 10
St. Paul City. See Twin City Rapid Transit...............................
.105
Shenandoah Valley. See Norfolk & Western...............................
.129
Southern Pacific Company........ .....................................................
.131
Southern Railway...........................................................................
.135
Toledo & Ohio Central....................................................................
. 10
Twin City Rapid Transit...............................................................
.137
Union Pacific............. .— ........................................................... .
. 77
Union Terminal See Kansas City Suburban Belt.....................
.143
Wisconsin Central Companies........................................................
164
INDEX.
IN D E X
TO
COMPANIES— CONSOLIDATED,
[VOL.
L1X
Sc.
The names of companies not given in the Supplement tables in their alphabetical order will be found in the Index below.
Many railroads have lost their original title by foreclosure or consolidation, while others have been practically merged by
lease or by purchase of their stock ; the names o f such companies are given below, together with the title of the present
organization under which their securities may be found.
name.
will be pound undeb—
Akron & Chicago Junction.............. Baltimore & Ohio.
Alaba'<ia Central................... .......... Southern Railway Co.
Alley Elevated................................... Chicago & South Side Rapid Transit.
American Dock & Improvement Co..Central of New Jersey.
Annapolis & Balto. Short Line........Baito. & Annapolis Short Line.
Ashtabula & Pittsburg.-................. Pittsburg Youngstown & Ashtabula.
Aspen Short Line..............................Atchison System—Colorado Midl’d.
Atchison & Nebraska........................ Chicago Burlington & Quincy.
Atchis?n & Pike’s Peak....................Central Branch Union Pacific.
Atlantic Coast Line............... . .........Wilmington & Weldon.
Atlantic & Great Western................ New York Pennsylvania & Ohio.
Atlantic & G ulf................................. Savannah Florida & Western.
Atlantic Mississippi & Ohio..............Norfolk & Western.
Atlantic & Northwest.......................Canadian Pacific.
Atlantic & Pacific............................. See Atchison System.
Augusta & Knoxville........................ Port Roval & Western Carolina.
Baltimore Belt................................. Baltimore * Ohio.
Baltimore & Cumberland.................Western Maryland.
Baltimore & Hanover......... ............. Western Maryland.
Baltimore & Harrisburg......... ........ Western Maryland.
Baltimore & New York..................... Baltimore & Ohio.
Battle Creek & Sturgis.................... Lake Shore & Michigan Southern.
Bay City & Battle Creek..................Michigan Central.
Bellefontaine & Indiana...................Clev. Cin. Chic. & St. Louis.
Belleville & Carondelet......................St. Louis Alton & Terre Haute.
Belleville & Eldorado.........................St. Louis Alton & Terre Haute.
Belleville & Southern Illinois...........St. Louis Alton & Terre Haute.
Bell’s Gap..........................................Pennsylvania & Northwestern.
Birmingham Equipment.................Kansas City Memp. & Birmingham.
Booneville Bridge............................. Missouri Kansas & Texas.
Boston Barre & Gardner.................Fitchburg.
Boston Clin. Fitch. & New Bed.......Old Colony.
Boston Concord * Montreal.. . . . . . . .Concord & Montreal.
Boston Hartford & Erie...................New York & New England,
Boston Hoosac Tunnel * Western..Fitchburg.
Boston & N. Y. Air Line..................N. Y. New Haven & Hartford.
Boston Winthrop & Shore................ Boston Revere Beach & Lynn.
Brooklyn & Montauk....................... Long Island.
Brunswick & Chillicothe................. Wabash.
Brunswick & Western...................... Savannah Florida & Western.
Buckingham Railroad......................Chesapeake & Ohio.
^
- - ................................ Lake Shore & Michigan Southern.
Buffalo New York & Philadelphia. .Western New York & Pennsylvania.
Burlington & Missouri River............Chicago Burlington & Quincy.
Busk Tunnel..... ............................... Atchison Sys.—
Colorado Midland.
Cairo Arkansas & T exas................. MissouriPaciflo—St. L. L M. & So.
Cairo Short Line................................ St. Louis Alton & Terre Haute.
Cairo Vincennes & Chicago...........Cleveland Cin. Chicago & St. Louis.
California & Oregon................... ....CentralPacific.
Camden & A m boy..................... .— United New Jersey RR. & Canal,
Canada Central................ .................Canadian Pacific.
Cape Girardeau Southwestern........ St. L. Cape Girardeau & Fort Smith.
Carbondale & Shawneetown............St. Louis Alton & Terre Haute.
Cedar Rapids Iowa Falls & N. W .. .Burlington Cedar Rapids & North’n.
Cedar Rapids & Missouri River.......Chicago & North Western.
Central I o w a .....................................Iowa Central.
Central Washington......................... Northern Pacific.
Charlotte Columbus & Augusta___Southern Railway.
Charlottesville & Rapidan ...............Virginia Midland.
Chattanooga Rome & Columbus___Savannah & Western.
Cheshire............................................ Fitchburg.
Chicago & Atlantic........................... Chicago & Erie.
Chicago & Calumet Terminal.......... Chicago & Northern Pacific.
Chicago Clinton Dubuque & Minn..Chicago Milwaukee & St. Paul.
Chicago* Great Eastern................ Pittsburg Cin. Chicago & St. Louis.
Chicago & Great Western................ Chicago & Northern Pacific.
Chicago & Indiana Coal................... Chicago & Eastern Illinois.
Chicago & Iowa................................. Chicago Burlington & Quincy.
Chicago Kansas & Nebraska............Chicago Rock Island & Pacific.
Chicago Milwaukee & N. W........... ..Chicago & North Western.
Chicago & Milwaukee.................Chicago & North Western.
Chicago & North Michigan...............Chicago & West Michigan.
Chicago & Ohio River.......................Peoria Decatur & Evansville.
Chicago & Pacific...............................Chicago Milwaukee & St. Paul.
Chicago Santa Fe & California........ Atchison Top. & Santa Fe System.
Chicago & St. Louis...........................Atchison Topeka & Santa Fe.
Chicago St. Louis & New Orleans__Illinois Central.
Chicago St. Louis & Paducah...........St. Louis Alton & Terre Haute.
Chicago St. Louis & Pittsburg......... Pittsb’rg Cincinnati Chicago & St. L.
Chicago St. Paul & Kansas City....Chicago Great Western.
Chicago St. Paul & Minn..................Chicago St. Paul Minn. & Omaha.
Chicago & Southwestern..................Chicago Rock Island & Pacific.
Chicago & Springfield...................... Illinois Central.
Chicago & Toman.............................. Chicago & North Western.
Chicago Wisconsin & Minnesota___Wisconsin Central Co.
Choctow Coal & Railway................. Choctaw Oklahoma & Gulf.
Cincinnati & Baltimore..................... Baltimore * Ohio Southwestern.
Cincinnati Ind. St. Louis & Chicago. Cleveland Cin. Chic. & St. Louis.
Cincinnati Lafayette & Chicago....Cleveland Cin. Chic. & St. Louis.
Cincinnati Richmond & Chicago— Pittsb’rg Cincinnati Chicago & St. L.
Cincinnati Sandusky & Cleveland..Cleveland Cin. Chic. & St. Louis.
Cmcmnati Southern..........................Cincinnati New Orleans & Tex. Pao.
Cincinnati & Springfield..................Cleveland Cinn. Chic. & St. Louis.
Cincinnati Wabash & Michigan.....Cleveland Cin. Chic. & St. Louis.
Cincinnati Wash. & Baltimore........ Baltimore & Ohio Southwestern.
Clearfield & Jefferson....................... Pennsylvania & Northwestern.
Clearfield Bituminous Coal.............. Beech Creek.
Cleveland & Canton..........................Cleveland Canton & Southern.
Cleveland Columbus Cin. & Ind ....Cleveland Cin. Chic. & St. Louis.
Cleveland* Southwestern...........Cleveland Lorain & Wheeling.
Cleve. Tuscarawas V. & Wheeling. .Cleveland Lorain & Wheeling.
Coeur d’Alene................... ................. Northern Pacific.
Colorado Central............................... Union Pacific Denver & Gulf.
Colorado Midland..............................See Atchison “ System.”
Columbia & Greenville...................Southern Railway.
Coloi ado Bridge................................ International & Great Northern.
Columbus Connectmg & Terminal. .Norfolk & Western.
Columbus & Hocking Valley............Columbus Hocking V a lley* Toledo.
nolumbus & Indianapolis Central...Pittsb. Cincinnati Chic. & S t Louis.
Columbus Lima & Milwaukee....... Ohio Southern.
uolumbus & Rome............................ Savannah & Western.
Columbus Shawnee & Hocking...... Columbus Sandusky & Hocking.
Columbus & Toledo........................... CoL Hocking Valley & Toledo.
Columbus & Western....................... Savannah & Western.
Concord.- -- -- - - ................................ Concord & Montreal.
Consolidated Terminal Railway.......Kansas City Suburban Belt.
Consolidated V ermont................. . Central of Vermont.
Corning Cowanesque & Antrim..... Fall Brook.
Coshocton & Southern........ .............Cleveland Canton & Southern.
NAME.
WILL BE FOUND UNDEB—
Covington & Lexington. ............. Kentucky Cent.—Louisville & Nash.
Current R iv e r ..............: ...................Kansas City Fort Scott & Memphis.
Dakota Central.................................Chicago & North Western.
Dakota & Great Southern........ . ....Chicago Milwaukee & St. Paul.
Dallas & Waco...................................Missouri Kansas & Texas.
Danbury & Norwalk........................ New York New Haven * Hartford.
Danville & Grape Creek................... Chicago & East Illinois.
Dayton Fort Wayne & Chicago.......Cincinnati Dayton * Ironton
De Bardeleben................................... Tenn. Coal * Iron (Misoel.1
Delano Land........... ................
Lehigh Valley.
Denver Pacific....................................Union Pacific.
Denver & Rio Grande W estern.......Rio Grande Western.
Denver Texas & Fort W orth............Union Pacific Denver & Gulf.
Denver Texas & Gulf........................ Union Pacific Denver & Gulf.
Des Moines & Minnesota..................Chicago & .North Western.
Detroit & Bay C ity........................... Michigan Central.
Detroit Mackinac & Marquette.......See Miscellaneous Companies.
Detroit Monroe & Toledo..................cake Shore & Michigan Southern.
Duck R iv e r.....................................Nashville Chattanooga & St, Louis.
Duluth & Manitoba.......................... Northern Pacific.
Duluth Short Line........................ ...St. Paul & Duluth.
Dutchess County...............................Phila. Reading * New England.
East Line & Red River............. . .Missouri Kansas & Texas.
East River Gas........................ ........ New York & East River Gas.
EastTenn. Va, & G a ....................... Southern Railway.
Eastern of Massachusetts................ Boston & Maine.
Eastern of Minnesota.................... Great Northern.
Eastofi & A m boy.......................... .Lehigh Valley.
Elizabethtown Lexing. & Big Sandy.Chesapeake & Ohio.
E rie............................................... .New York Lake Erie * Western.
Erie & Kalamazoo— . . . . . . . . . . . . . . .Lake Shore & Michigan Southern.
Escanaba & Lake Superior.............. Chicago & North Western.
European & North Am erican......... Maine Central.
Evansville & Crawfordsville............Evansville & Terre Haute.
Evansville Henderson & Nashville..Louisville & Nashville.
Evansville Rockford & Eastern.......Louisville Evansville & St. Louis.
Fargo & Southern............................. Chicago Milwaukee & St. PauL
Florida Southern................................Jacksonville Tampa & Key West.
Fort Smith & Van Buren Bridge— Atchison Sys.—St. Lo. * San Fran.
Frankfort & Southeastern................ Toledo Ann Arbor & No. Michigan,
Franklin & Pittsylvania................. Southern Railway.
Fremont Elkhom & Missouri Val...Chicago & North Western.
FultonElevated... ............................. Kings County Elevated.
Georgia Pacific........... ..................... Southern Railway.
Grand Rapids Lansing* Detroit
Detroit Lansing & Northern.
Grand Rapids Newaygo & L. Shore.Chicago & West Michigan.
Grand River Valley...................... .. .Michigan Central.
Grand Tower & Cape Girardeau... .Chicago * Texas.
Grand T o w e r* Carbondale........... Chicago * Texas.
Harlem River & Portchester..........New York New Haven & Hartford
Hastings & Dakota........................... Chicago Milwaukee & St. Paul.
Helena & Red Mountain.................. Northern Pacific.
Hereford.............................................Maine Central.
Holly Wayne & M onroe................F lin t & Pere Marquette.
Housatonio................................... ....N ew York New Haven & Hartford.
Humeston & Shenandoah................ Chicago Burlington & Quincy.
Huntinburg Tell City & Cannellton.Louisv. Evansv. * St. Louis Consol.
Huntington & Big Sandy..._______ Ohio River.
Illinois & St. Louis .................. ........ Louisville Evansv. & St. L. Consol
Indiana Bloomingtou * Western_ Peoria & Eastern.
_
Indiana & Lake Michigan................. Terre Haute & Indianapolis.
Indianapolis Cin & Lafayette...........Cleveland Cin. Ohio. & St. Louis.
Indianapolis Decatur & Springfield..Indiana Decatur & Western.
Indianapolis & St. Louis................... Cleveland Cin. Chic. & St. Louis.
Ionia & Lansing................................ Detroit Lansing & Northern.
Iowa City & Western........ ...............Burlington Cedar Rapids&North’n.
I o w a * Dakota...............................C hicago Milwaukee & St. Paul.
Iowa Falls & Sioux City....................Dubuque & Sioux City.
Iowa Midland..................................... Chicago & North Western.
Iowa & Minnesota............................. Chicago Milwaukee & St. Paul.
Jackson Lansing & Saginaw..........Michigan Central.
Jacksonville Southeastern...............Jacksonville Louisv. * St. Louis.
James River Valley............. ............. Northern Pacific.
Jamestown & Franklin..................... Lake Shore & Michigan Southern.
Jefferson Madison & Indianapolis..Pittsburg Cincinnati Chic. * St. L.
Joliet & Chicago............................... Chicago * Alton.
Junction & Breakwater................... Delaware Maryland & Virginia.
Kalamazoo Allegan & Gr. Rapids..Lake Shore & Michigan Southern.
Kalamazoo & South Haven............. Michigan Central.
Kalamazoo & White Pigeon............. Lake Shore & Michigan Southern.
Kanawha & O hio..............................Kanawha & Michigan.
Kansas & Arkansas Valley............. Missouri Pac. (St. L. I. Mt. & So.)
Kansas City Bridge & Terminal.......Kansas City & Atlantic.
Kansas City Fort Scott & Gulf........ Kansas City Fort Scott * Memphis.
Kansas City & Indep. Air Line.. . . .Kansas City Suburban Belt.
Kansas City & Memphis Ry. Bridge.Kansas City Fort Scott & Memphis.
Kansas City & Omaha......................St. Joseph & Grand Island.
Kansas City & Pacific.......................Missouri Kansas & Texas.
Kansas City St. Louis & Chicago___Chicago & Alton.
Kansas City Southeastern & Memp.Kansas City Fort Scott & Memphis.
Kansas City & Southwestern. .......Atchison Sys.—St. L. & San Fran.
Kansas City Springfield & Memphis.Kansas City Fort Scott & Memphis.
Kansas City Topeka & Western...... Atchison Topeka & Santa Fe.
Kansas City Wyandotte & N’th’w’n.Kansas City Northwestern.
Kansas Midland.................................Atchison Sys.—St. L. & San Fran.
Kansas & M issouri.................. , .......Kansas City Fort Scott & Memphis.
Kansas Pacific..... ............................. Union Pacific.
Keithsburg Bridge................. Iowa Central.
Kentucky Central.............................Louisville & Nashville.
Kentucky Union — ........................ Lexington & Eastern.
Knox & Lincoln............................... Maine Central.
Knoxville Southern
................ Marietta & North Georgia.
Lackawanna & Southwestern..........Central N. Y. & Western.
Lackawanna & Susquehanna.......... Delaware & Hudson.
Lawrence...........................................Pittsburg Youngstown * Ashtabula.
Leeds & Farmington................ ........ Maine Central.
Lehigh * Susquehanna.................... Lehigh Coal & Navigation.
Leroy & Caney Valley...... ............... MissouriPaciflo.
Lincoln & Northwestern.................C hicago Burlington & Quincy.
Lincoln Park & Charlotte................ Buffalo Rochester * Pittsburg
Little Rock Junction..... ..................Missouri Pacific.
Little Rock & Fort Smith..................Missouri Pacific.
Long Branch & Sea Shore. ........... Central New Jersey.
Long Dock Company........................ New York Lake Erie * Western.
Long Island City & Flushing........... Long Island.
Louisiana & Missouri River............. Chicago * Alton.
I ouisville Cincinnati & Lexington..Louisville & Nashville.
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Louisville New Orleans & Texas....Illinois Central (Yazoo & M. V.).
Ravenswood Spencer & Glenville..Ohio River.
Louisville & St. Louis........ ............... Chicago Peoria & St. Louis.
Galley.............................Chicago Burlington & Quincy
Louisville Southern......................... Southern Railway.
Rich Hill
........................... Kansas City Fort Scott & Memphis,
Lowell & Lawrence.......................... Boston & Lowell.
Richmond & Alleghany....................Chesapeake & Ohio.
Richmond & Danville....................... Southern Railway.
M acon * Augusta............................. Georgia RR. & Banking Co.
Mahoning Coal.................................. Lake Shore & Michigan So. System. Richmond York River & Ches..........Southern Railway.
Rochester & P ittsbu rg................. ..Buffalo Rochester * Pittsburg.
Malone & 8t. Lawrence.....................Central Vermont.
Roanoke & Southern.........................Norfolk & Western.
ManitobaSouthwest’n Colonization. Canadian Pacific.
Rome * Carrollton.. . . . . . . . . . . . ......Savannah & Western.
Marietta Columbus & Northern.......Toledo & Ohio Central Extension.
Marietta Mineral............................. Toledo & Ohio Central Extension.
* Western........ ..................Detroit Lansing & Northern
Maple River......................., ............... Chicago & North Western.
St. Charles Bridge........ ..................... Wabash.
Marquette Hougton & Ontonagon...Duluth South Shore & Atlantic.
St. Joseph & Western........................ St. Joseph & Grand island.
Maryland Central..................... .......Baltimore & Lehigh.
St. Lawrence & Adirondack.............Central Vermont.
Massawlppi........................................Connecticut & Passumpsic.
St. Lawrence & Ottawa.................... Canadian Pacific.
Maysville & Lexington.................... Kentucky Central.—Louis. & Nash. St. Louis Alton & Springfield.......... St. Louis Chicago & St. Paul.
McKeesport A Belle Vernon.......... Pittsb.McKeesport&Youghiogheny. St. Louis Arkansas & Texas............. St. Louis Southwestern.
Memphis Clarksville A Louisville.. .Louisville A Nashville.
St. Louis Bridge & Tunnel................ Terminal Association of St. Louis.
Memphis Equipment........................ Kansas City Memphis &Birming’m, St. Louis & Chicago............................North & South RR. of Illinois.
Memphis Kansas A Colorado............Kansas City Fort Scott & Memphis. St. Louis Council Bluffs & Omaha.. .Wabash.
Memphis A Ohio................................ Louisville & Nashville.
St. Louis Iron Mount’n & Southern..Missouri Pacific System.
Merchants’ Bridge............................. St. Louis Merch’ts’ Bridge Ter. RR. St. Louis Jacksonville & Chicago___Chicago & Alton.
Menominee River...............................Chicago & North Western.
St. Louis Kansas City & Northern.. .Wabash.
Metropolitan Elevated.....................Manhattan Elevated.
St. Louis Kansas & Southwestern... Atch. System, St. Louis & San Fran.
Metropolitan Ferry........................... Long Island.
St. Louis Keokuk & S. W ..................Chicago Burlington & Quincy.
Michigan Air Line......................... . Michigan Central.
St. Louis Salem & Arkansas.............Atch. System, St. Louis * Safi Fran.
Michigan Equipment.......................Chicago & West Michigan.
St. Louis & San Francisco...,............See Atchison “ System.”
Midland o f Indiana............................Chicago and Southeastern.
Louis Southern............................. St. Louis Alton & Terre Haute.
Midland o f New Jersey.................... New York Susquehanna & Western, St. Louis Wichita & Western........... Atch. System, St. Louis & San Fran.
St.
Milwaukee Lake Shore A Western..Chicago & North Western.
St. Paul Eastern Grand Trunk........ Chicago * North Western.
Milwaukee & Madison.......................Chicago & North Western.
St. Paul Minneapolis & Manitoba.. .Great Northern.
Milwaukee & Northern.................... Chicago Milwaukee A St. Paul.
St. Paul & Pacific...............................Great Northern.
Minneapolis A Duluth.......................Minneapolis & St. Louis.
St. Paul & Sioux City.........................Chic. St. Paul Minn. & Omaha.
Minneapolis A P a c ific .....................Minneap. St. P. A Sault Ste. Marie.
St. Paul Stillwater & T. F .................Chic. St. Paul Minn. & Omaha.
Minneap. Sault Ste. Marie A Atl’tic.Minneap. St. P. A Sault Ste. Marie. Salem & Lowell..................................Boston & Albany.
Minneapolis Union............................Great Northern.
Sanford & Lake Eustis...................... Jacksonville Tampa & Key West.
Minnesota Central.............................Chicago Milwaukee & St. Paul.
San Joaquin Valley..........................Central Pacific.
Minnesota & Northwestern..............Chicago Great Western.
Sandusky & Columbus Short Line..Columbus Sandusky & Hocking.
Minnesota St. Croix & Wisconsin__ Wisconsin Central Company.
Sault St. Marie & Southwestern.. ...Chic. St. Paul Minneap. & Omaha.
Minnesota Valley.............................. Chicago A North Western.
Savannah * Atlantic. . . . . . . . . . . . . . . . Central of Georgia.
Missisquoi Valley.............................. Central Vermont
Savannah Albany & Gulf.................. Savannah Florida & Western.
Mississippi River Bridge.................. Chicago & Alton.
Savannah & Charleston.....................Charleston & Savannah.
Missouri Kansas & Eastern.............. Missouri Kansas A Texas.
Schuylkill River East Side................ Baltimore & Ohio.
Missouri Valley A Blair RR. Bridge. Chicago & North Western.
Scioto Valley & New England.......... Norfolk & Western.
Missouri & Western........................... Atchison System—St. L. A S. Fran.
Seaboard Air Line............................ Seaboard & Roanoke.
Monongahela River........................... Baltimore A Ohio.
Seattle & Northern............................Oregon Improvement.
Montana Central................... ........... Great Northern.
Shenandoah Valley...........................Norfolk & Western.
Montreal Portland & Boston.......... Central Vermont.
Sherman Denison & Dallas...........Missouri Kansas & Texas.
Morris Canal......................................Lehigh Valley RR.
Sherman Shreveport & Southern...Missouri Kansas & Texas.
Muskegon Grand Rapids A Indiana. Grand Rapids A Indiana.
Sfi°re Line.. . . . . . . . .......................... N. Y. New Haven & Hartford.
Short Creek & Joplin........................ Kansas City Fort Scott & Memphis.
Nashua A Lowell..............................Boston & Lowell.
Sioux City & Pacific........................ Chicago & North Western.
Nashua A Rochester......................... Worcester Nashua & Rochester.
Sioux City & St. Paul..................... ..See Miscellaneous Companies.
National C ord ag e............................United States Cordage.
Smithtown & Port Jefferson.............Long Island.
Nebraska.............................................Chicago Burlington & Quincy.
Sodus Bay & Southern.....................Elmara & Lake Ontario.
Nebraska* Western..........................Sioux City O’Neill A Western.
S o n o ra .............................................. Atchison Topeka & Santa Fe.
New Albany Belt A Terminal..........Kentucky & Indiana Bridge.
South Carolina.................................. South Carolina & Georgia,
New Brunswick................................. Canadian Pacific.
South Florida.................................... Savannah Florida & Western.
Newburg & New Y ork.......................New York Lake Erie & Western.
South Georgia & Florida................... Savannah Florida & Western,
New Haven & Derby........................ New York New Haven A Hartford.
New Jersey Midland..........................New York Susquehanna & Western. South Side (Va.).................................Norfolk & Western.
Southeastern & St. Louis..................Louisville & Nashville.
New Jersey Southern........................ Central of New Jersey.
Southern California........................... Atchison Topeka & Santa Fe.
New Mexico A Southern Pacific.......Atchison Topeka & Santa Fe.
.Southern Georgia & Florida............. Savannah Florida & Western.
New Orleans A Gulf........................... New Orleans A Southern.
Southern Minnesota.................... ....Chicago Milwaukee & St. Paul.
New Orleans & Mobile.......................Louisville & Nashville.
Southern Pacific Branch.................. Southern Paciflo of California.
New Orleans Pacific......................... Texas & Pacific.
Southern Pennsylvania....................Cumberland Valley.
Newport A Richford..........................Connecticut * Passumpsic.
Spokane & Palouse........................... Northern Pacific.
Newtown A Flushing........................Long Island.
Steubenville & Indiana..................... Pittsburg Cinn. Chic. & St. Louis.
New York Bay Extension...............Long Island.
Stockton & CopperopoUs................... Southern Pacific of California.
New York Elevated...........................Manhattan Elevated.
Sturgis Goshen & St. L o u is ............Lake Shore & Michigan Southern.
New York A Erie................................New York Lake Erie & Western.
Sugar Trust....................................... American Sugar Refining.
New York & Long Branch................ Central o f New Jersey.
New York A Manhattan Beach........ N. Y. Brooklyn & Manhat. Beach. Sunbury & Erie..................................Philadelphia & Erie.
Syracuse Northern.............................Rome Watertown A Ogdensburg.
New York A Northern.....................New York & Putnam.
New York Providence A Boston...... New York New Haven A Hartford. Syracuse Ontario & New York......... West Shore.
New York & Oswego Midland..........New York Ontario A Western.
Taylor’s Falls * Lake Superior...... St. Paul & Duluth.
New York * Roekaway.................... Long Island.
TarkioValley..................................... Kan. City St. Jos. & Gouncil Bluff's.
N. Y. Woodhaven & Roekaway.......New York & Roekaway Beach.
Tebo & Neosho................................... Missouri Kansas < Texas.
fc
Nodaway V alley............................... Kan. City St. Jos. & Council Bluffs. Tennessee Midland........................... Paducah Tennessee & Alabama.
Norfolk A Petersburg.......................N orfolk A Western.
Terre Haute & Southeastern............Evansville < Indianapolis.
fe
Norfolk Southern.............................. Norfolk A Southern.
Texarkana & Ft. Smith................... Kansas
Northern Illinois............................................................ Chicago &Northwestern. Mexican................................ Mexican City Pittsburg & Gulf.
Texas
National.
North Missouri...................................Wabash.
Texas & St Louis............................ 8t. Louis Southwestern.
North Shore........................................ Canadian Pacific.
Thurt»er-Whyland......... ...................American Grocery Co. (tnisoel.).
North Wisconsin..................................Chic. St. Paul Minn. & Omaha.
Toledo Ann Arbor & Cadillac..........Toledo Ann Arbor & No. Michigan
Northern Pacific A Manitoba Ter.. .Northern Pacific.
Toledo Ann Arbor & Grand Trunk.Toledo Ann Arbor & No. Michigan.
Northern Pacific A Montana............ Northern Pacific.
Toledo Ann Arbor & L. Michigan..Toledo Ann Arbor & No. Michigan.
Northwestern Grand Tninlr............. Chicago A Grand Trunk.
Toledo Ann Arbor & Mt. Pleasant.Toledo Ann Arbor & No. Michigan.
Northwestern Union.......................... Chicago & North Western.
Toledo B e it ...................................... Wheeling & Lake Erie.
Northwest Virginia— ..................... Baltimore & Ohio.
Toledo Cincinnati & St. Louis........ Toledo St. Louis & Kansas City.
Toledo Columbus & Cincinnati.......Toledo & Ohio Central.
Ocean Steamship............................... Cent. RR. & Banking Co. of Georgia
Toronto Grey & Bruce...................Canadian Pacific.
Ogdensburg Transit..........................Ogdensburg & Lake Champlain.
Troy & Boston..................................Fitchburg.
Ohio Central.......................................Toledo & Ohio Central.
Tunnel Railroad of St. Louis..........Terminal Ass’n of St. Louis.
Ohio Indiana & Western.......... ........ Peoria A Eastern.
Ohio Land * Ry. Co..........................Columbus Hocking Val. & Toledo.
U nion................................................. Northern Central.
Ohio & Mississippi............................ Baltimore A Ohio Southwestern.
Union Railway of Chattanooga.......Chattanooga Union.
Ohio * West Virginia........................ Col. Hooking Valley A Toledo.
Union Elevated................................Brooklyn Elevated.
Old Colony Steamboat Co...............Old Colony RR.
Union & Logansport................... ...Pittsburg Cincin. Chicago & St. L,
Omaha A Southwestern............ .......Chicago Burlington A Quincy.
Union Ter. Ry. of Kansas City, Kan.Kansas City Suburban Belt.
Ontario A Quebec.............................. Canadian Pacific.
Upper C oos....................................... Maine Central.
Oregon Short Line.......................
Oregon Short Line & Utah Northern. Utah & Northern..............................Oregon Short Line & Utah North’ n.
Oswego A Rome................................Rome Watertown A Ogdensburg.
Utah Southern. . ................................ Oregon Short Line* Utah North’n.
Ottawa Oswego A Fox River........... Chicago Burlington* Quincy.
Utica & Black River..........................Rome Watertown < Ogdensburg,
fe
Ottumwa Cedar Falls & St. Paul... . Chicago & Northwestern.
Veidce & Carondelet.......................Louisville Evansville & St. Louis.
Oxford & Clarksville......................... Southern Railway Co.
Verdigris Val. Independ’ce & West..Missouri Pacific.
Vicksburg & Meridian..................... Alabama & Vicksburg.
Pacific Coast— . . ............................ Oregon Improvement Co.
Virginia & Tennessee.......................Norfolk & Western.
Pacific o f Missouri............................ Missouri Pacific.
Pacific Short Line.............................Sioux City O’Neill & Western.
W aco*N orthwestern......................Houston & Texas Central.
Paducah & Elizabethtown................Chesapeake Ohio & Southwestern.
W a re...... . . . . . ...............................Boston & Albany.
Peninsular (Mich)..............................Chicago & North Western.
Warren & Franklin............................Western New York & Pennsylvania.
Pennsylvania & N. Y. Canal............ Lehigh Valley.
Warwick Valley................................. Lehigh & Hudson River.
Penobscot Shore Line.......................Maine Central.
Washington City & Point Lookout.Baltimore & Ohio.
Pensacola & Atlantic.......................Louisville & Nashville.
Waynesburg & Canton.......................Cleveland Canton & Southern.
Philadelphia Marlton & Medford...Camden & Atlantic.
Western Minnesota............................St. Paul & Northern Pacific.
Pittsburg Cincinnati * St. Louis....Pitts. Cimi. Chic. & St. Louis.
Western North Carolina.................. Southern Railway.
Pittsburg * Connellsville................. Baltimore & Ohio.
Western Pacific................................ Central Pacific.
Pittsfield * North Adams................Boston & Albany.
West Wisconsin.................................Chic. St. Paul Minneap.* Omaha.
Plant System... ..
.................... .Savannan Florida & Western.
Wichita & Western.. ..................... Atchison Topeka & Santa Fe.
Pleasant Hill & De Soto...................Kansas City Clinton & Springfield.
Wilkesbarre & Eastern.....................N. Y. Susquehanna & Western.
Plymouth * Middleboro..................Old Colony RR.
8
Willmar & Sioux Falls....................Great Northern.
Port Himm * Northwestern....— Flint & Pere Marquette.
Winona & St. Peter............................Chicago & North Western.
Portland*Kennebec....................... Maine Central.
Wisconsin & Minnesota....................Wisconsin Central Company.
Portland & Ogdensburg.................. Maine Central.
Wisconsin Minnesota & Pacific.......Minneapolis & St. Louis,
Portsmouth Great Falls * Conway .Boston & Maine.
Wisconsin Valley...............................Chicago Milwaukee * St Paul.
Prairie du Chien................................ Chicago Milwaukee * St. Paul.
Y ork * Peach Bottom...................... Baltimore & Lehigb.
Quincy Alton * St. Louis.. . . . . . . ...Chicago Burlington * Quincy.
Zanesville Terminal................ ......C olum bus Sandusky & Hocking,
@FedFRASER